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2021-06-17

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Amazon Stock: Is The Rebirth Of FAAMG Imminent?<blockquote>亚马逊股票：FAAMG的重生迫在眉睫吗？</blockquote>

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{"i18n":{"language":"zh_CN"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":161164072,"tweetId":"161164072","gmtCreate":1623911852396,"gmtModify":1631890715116,"author":{"id":3577345565957074,"idStr":"3577345565957074","authorId":3577345565957074,"authorIdStr":"3577345565957074","name":"neolt","avatar":"https://static.tigerbbs.com/6506ceb9a382e3b286894737df1e5530","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":6,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"extraTitle":"","html":"<html><head></head><body>I like</body></html>","htmlText":"<html><head></head><body>I like</body></html>","text":"I like","highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/161164072","repostId":1134323907,"repostType":4,"repost":{"id":"1134323907","kind":"news","pubTimestamp":1623908945,"share":"https://www.laohu8.com/m/news/1134323907?lang=zh_CN&edition=full","pubTime":"2021-06-17 13:49","market":"us","language":"en","title":"Amazon Stock: Is The Rebirth Of FAAMG Imminent?<blockquote>亚马逊股票：FAAMG的重生迫在眉睫吗？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1134323907","media":"TheStreet","summary":"Amazon shares have been a relative loser this year, but stocks have taken a pause in the past weeks.","content":"Amazon shares have been a relative loser this year, but stocks have taken a pause in the past weeks. Is this the time for FAAMG stocks to reclaim their role as market outperformers?<blockquote>亚马逊股价今年相对下跌，但过去几周股价有所暂停。现在是FAAMG股票重新获得市场跑赢者地位的时候了吗？</blockquote> Amazon shares have been a relative loser this year, but stocks have taken a pause in the past weeks. Is this the time for FAAMG stocks to reclaim their role as market outperformers?<blockquote>亚马逊股价今年相对下跌，但过去几周股价有所暂停。现在是FAAMG股票重新获得市场跑赢者地位的时候了吗？</blockquote> Amazon stock&nbsp;remains a loser in the market so far in 2021. This has been the year to bet on the reopening trade, including those stocks that benefit from a rise in consumer firepower, inflation and even interest rates: brick-and-mortar retail, materials and commodities, financial services, etc.<blockquote>2021年迄今为止，亚马逊股票在市场上仍然是输家。今年是押注贸易重新开放的一年，包括那些受益于消费者火力、通胀甚至利率上升的股票：实体零售、材料和大宗商品、金融服务等。</blockquote> In the past couple of weeks, however, the stock market seems to have taken a pause, climbing little and not picking sides in the value vs. growth debate. Could this be a pivotal moment for AMZN stock and its peers? Will the FAAMG group finally rebound?<blockquote>然而，在过去的几周里，股市似乎暂停了一下，几乎没有上涨，也没有在价值与增长的辩论中选边站。这可能是亚马逊股票及其同行的关键时刻吗？FAAMG集团最终会反弹吗？</blockquote> <img src=\"https://static.tigerbbs.com/3bce1e839677a495a20253020579c1fc\" tg-width=\"1200\" tg-height=\"675\">Figure 1: The FAAMG group.<blockquote>图1：FAAMG组。</blockquote> Performance in 2021: sleepy<blockquote>2021年表现：困</blockquote> The chart below shows how far behind Amazon has fallen compared to the S&amp;P 500, the industrials-rich Dow and, even more so, the small-cap Russell 2000 index. The 4% return in nearly six months is three to four times worse than the stock’s average performance since the 1997 IPO.<blockquote>下图显示了亚马逊与标普500、工业股丰富的道琼斯指数以及小盘股Russell 2000指数相比的落后程度。近六个月4%的回报率比该股自1997年IPO以来的平均表现差三到四倍。</blockquote> To be fair, the weakness experienced this year needs to be put within the context of the past 18 months. The 2020 pandemic accelerated trends in online shopping and cloud adoption, both of which are highly bullish for Amazon. Last year, AMZN returned nearly 80%, four times as much as the S&amp;P 500. Now, shares seem to be taking a timeout.<blockquote>公平地说，今年经历的疲软需要放在过去18个月的背景下。2020年的大流行加速了在线购物和云采用的趋势，这两者都对亚马逊非常有利。去年，AMZN的回报率接近80%，是标普500的四倍。现在，股价似乎暂停了。</blockquote> <img src=\"https://static.tigerbbs.com/c3fca6462af9a8940aae7f7a84a91702\" tg-width=\"994\" tg-height=\"497\">Figure 2: AMZN vs. S&amp;P 500, DJIA and Russell 2000.<blockquote>图2：AMZN与标普500、道琼斯和Russell 2000的对比。</blockquote> The key is probably macroeconomics<blockquote>关键大概是宏观经济</blockquote> A CNBC panel has recently had an interesting&nbsp;conversation&nbsp;about Amazon stock. Fair points were made about business fundamentals and valuations:<blockquote>CNBC的一个小组最近就亚马逊股票进行了一次有趣的对话。对业务基本面和估值提出了公平的观点：</blockquote> <ul> <li>Amazon’s share of US e-commerce flirted with 40% in 2020, an impressive number;</li> <li>Amazon should surpass Walmart as the largest US retailer next year;</li> <li>Only 15% of the workloads are in the cloud – a growth opportunity for Amazon Web Services;</li> <li>The MGM deal should attract attention, traffic and purchases to the Amazon ecosystem;</li> <li>On the bearish side, P/E is still high, maybe even relative to earnings growth potential.</li> </ul> But in the end, probably none of the above will mater to Amazon stock and the FAAMG group in the foreseeable future. The single most important variable that will likely determine what happens to tech growth for the rest of the year, in my view, is the macroeconomic landscape.<blockquote><ul><li>2020年，亚马逊在美国电子商务中的份额接近40%，这是一个令人印象深刻的数字；</li><li>亚马逊明年应该会超过沃尔玛成为美国最大的零售商；</li><li>只有15%的工作负载在云中——这对亚马逊网络服务来说是一个增长机会；</li><li>米高梅的交易应该会吸引亚马逊生态系统的注意力、流量和购买量；</li><li>看跌的一面是，市盈率仍然很高，甚至可能相对于盈利增长潜力而言。</li></ul>但最终，在可预见的未来，上述内容可能对亚马逊股票和FAAMG集团都无关紧要。在我看来，可能决定今年剩余时间科技增长情况的最重要变量是宏观经济形势。</blockquote> There is little doubt that the global (and the US, even more so) economies are on a path to recovery. This should be good news for companies and stocks across the board. The question is whether post-pandemic growth will push inflation and interest rates much higher than where they currently are.<blockquote>毫无疑问，全球（尤其是美国）经济正在复苏。这对公司和股票来说应该是个好消息。问题是大流行后的增长是否会将通胀和利率推高到远高于目前的水平。</blockquote> If so, AMZN and FAAMG in general are likely to continue underperforming. This is the case because faster-growing companies rely on long-term earnings and cash flow to support their stock prices. When inflation and yields are high, financial results that are expected to be delivered far out in the future are discounted more heavily to present value.<blockquote>如果是这样，AMZN和FAAMG总体上可能会继续表现不佳。之所以如此，是因为增长较快的公司依靠长期盈利和现金流来支撑股价。当通胀和收益率较高时，预计在遥远未来交付的财务业绩会更严重地贴现至现值。</blockquote> For these reasons, pay attention to inflation data and the Federal Reserve’s decisions around monetary policy – the next chapter will play out on Wednesday, June 16. They may be determinant in the direction of Amazon stock and other FAAMG names over the next few months.<blockquote>出于这些原因，请关注通胀数据和美联储围绕货币政策的决定——下一章将于6月16日星期三上演。它们可能会在未来几个月对亚马逊股票和其他FAAMG股票的走向产生决定性影响。</blockquote>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Amazon Stock: Is The Rebirth Of FAAMG Imminent?<blockquote>亚马逊股票：FAAMG的重生迫在眉睫吗？</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmazon Stock: Is The Rebirth Of FAAMG Imminent?<blockquote>亚马逊股票：FAAMG的重生迫在眉睫吗？</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nTheStreet2021-06-17 13:49\n\n</h4>\n</header>\n<article>\nAmazon shares have been a relative loser this year, but stocks have taken a pause in the past weeks. Is this the time for FAAMG stocks to reclaim their role as market outperformers?<blockquote>亚马逊股价今年相对下跌，但过去几周股价有所暂停。现在是FAAMG股票重新获得市场跑赢者地位的时候了吗？</blockquote> Amazon shares have been a relative loser this year, but stocks have taken a pause in the past weeks. Is this the time for FAAMG stocks to reclaim their role as market outperformers?<blockquote>亚马逊股价今年相对下跌，但过去几周股价有所暂停。现在是FAAMG股票重新获得市场跑赢者地位的时候了吗？</blockquote> Amazon stock&nbsp;remains a loser in the market so far in 2021. This has been the year to bet on the reopening trade, including those stocks that benefit from a rise in consumer firepower, inflation and even interest rates: brick-and-mortar retail, materials and commodities, financial services, etc.<blockquote>2021年迄今为止，亚马逊股票在市场上仍然是输家。今年是押注贸易重新开放的一年，包括那些受益于消费者火力、通胀甚至利率上升的股票：实体零售、材料和大宗商品、金融服务等。</blockquote> In the past couple of weeks, however, the stock market seems to have taken a pause, climbing little and not picking sides in the value vs. growth debate. Could this be a pivotal moment for AMZN stock and its peers? Will the FAAMG group finally rebound?<blockquote>然而，在过去的几周里，股市似乎暂停了一下，几乎没有上涨，也没有在价值与增长的辩论中选边站。这可能是亚马逊股票及其同行的关键时刻吗？FAAMG集团最终会反弹吗？</blockquote> <img src=\"https://static.tigerbbs.com/3bce1e839677a495a20253020579c1fc\" tg-width=\"1200\" tg-height=\"675\">Figure 1: The FAAMG group.<blockquote>图1：FAAMG组。</blockquote> Performance in 2021: sleepy<blockquote>2021年表现：困</blockquote> The chart below shows how far behind Amazon has fallen compared to the S&amp;P 500, the industrials-rich Dow and, even more so, the small-cap Russell 2000 index. The 4% return in nearly six months is three to four times worse than the stock’s average performance since the 1997 IPO.<blockquote>下图显示了亚马逊与标普500、工业股丰富的道琼斯指数以及小盘股Russell 2000指数相比的落后程度。近六个月4%的回报率比该股自1997年IPO以来的平均表现差三到四倍。</blockquote> To be fair, the weakness experienced this year needs to be put within the context of the past 18 months. The 2020 pandemic accelerated trends in online shopping and cloud adoption, both of which are highly bullish for Amazon. Last year, AMZN returned nearly 80%, four times as much as the S&amp;P 500. Now, shares seem to be taking a timeout.<blockquote>公平地说，今年经历的疲软需要放在过去18个月的背景下。2020年的大流行加速了在线购物和云采用的趋势，这两者都对亚马逊非常有利。去年，AMZN的回报率接近80%，是标普500的四倍。现在，股价似乎暂停了。</blockquote> <img src=\"https://static.tigerbbs.com/c3fca6462af9a8940aae7f7a84a91702\" tg-width=\"994\" tg-height=\"497\">Figure 2: AMZN vs. S&amp;P 500, DJIA and Russell 2000.<blockquote>图2：AMZN与标普500、道琼斯和Russell 2000的对比。</blockquote> The key is probably macroeconomics<blockquote>关键大概是宏观经济</blockquote> A CNBC panel has recently had an interesting&nbsp;conversation&nbsp;about Amazon stock. Fair points were made about business fundamentals and valuations:<blockquote>CNBC的一个小组最近就亚马逊股票进行了一次有趣的对话。对业务基本面和估值提出了公平的观点：</blockquote> <ul> <li>Amazon’s share of US e-commerce flirted with 40% in 2020, an impressive number;</li> <li>Amazon should surpass Walmart as the largest US retailer next year;</li> <li>Only 15% of the workloads are in the cloud – a growth opportunity for Amazon Web Services;</li> <li>The MGM deal should attract attention, traffic and purchases to the Amazon ecosystem;</li> <li>On the bearish side, P/E is still high, maybe even relative to earnings growth potential.</li> </ul> But in the end, probably none of the above will mater to Amazon stock and the FAAMG group in the foreseeable future. The single most important variable that will likely determine what happens to tech growth for the rest of the year, in my view, is the macroeconomic landscape.<blockquote><ul><li>2020年，亚马逊在美国电子商务中的份额接近40%，这是一个令人印象深刻的数字；</li><li>亚马逊明年应该会超过沃尔玛成为美国最大的零售商；</li><li>只有15%的工作负载在云中——这对亚马逊网络服务来说是一个增长机会；</li><li>米高梅的交易应该会吸引亚马逊生态系统的注意力、流量和购买量；</li><li>看跌的一面是，市盈率仍然很高，甚至可能相对于盈利增长潜力而言。</li></ul>但最终，在可预见的未来，上述内容可能对亚马逊股票和FAAMG集团都无关紧要。在我看来，可能决定今年剩余时间科技增长情况的最重要变量是宏观经济形势。</blockquote> There is little doubt that the global (and the US, even more so) economies are on a path to recovery. This should be good news for companies and stocks across the board. The question is whether post-pandemic growth will push inflation and interest rates much higher than where they currently are.<blockquote>毫无疑问，全球（尤其是美国）经济正在复苏。这对公司和股票来说应该是个好消息。问题是大流行后的增长是否会将通胀和利率推高到远高于目前的水平。</blockquote> If so, AMZN and FAAMG in general are likely to continue underperforming. This is the case because faster-growing companies rely on long-term earnings and cash flow to support their stock prices. When inflation and yields are high, financial results that are expected to be delivered far out in the future are discounted more heavily to present value.<blockquote>如果是这样，AMZN和FAAMG总体上可能会继续表现不佳。之所以如此，是因为增长较快的公司依靠长期盈利和现金流来支撑股价。当通胀和收益率较高时，预计在遥远未来交付的财务业绩会更严重地贴现至现值。</blockquote> For these reasons, pay attention to inflation data and the Federal Reserve’s decisions around monetary policy – the next chapter will play out on Wednesday, June 16. They may be determinant in the direction of Amazon stock and other FAAMG names over the next few months.<blockquote>出于这些原因，请关注通胀数据和美联储围绕货币政策的决定——下一章将于6月16日星期三上演。它们可能会在未来几个月对亚马逊股票和其他FAAMG股票的走向产生决定性影响。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.thestreet.com/amazon/news/amazon-stock-is-the-rebirth-faamg-imminent\">TheStreet</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊"},"source_url":"https://www.thestreet.com/amazon/news/amazon-stock-is-the-rebirth-faamg-imminent","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1134323907","content_text":"Amazon shares have been a relative loser this year, but stocks have taken a pause in the past weeks. Is this the time for FAAMG stocks to reclaim their role as market outperformers?\nAmazon shares have been a relative loser this year, but stocks have taken a pause in the past weeks. Is this the time for FAAMG stocks to reclaim their role as market outperformers?\nAmazon stock remains a loser in the market so far in 2021. This has been the year to bet on the reopening trade, including those stocks that benefit from a rise in consumer firepower, inflation and even interest rates: brick-and-mortar retail, materials and commodities, financial services, etc.\nIn the past couple of weeks, however, the stock market seems to have taken a pause, climbing little and not picking sides in the value vs. growth debate. Could this be a pivotal moment for AMZN stock and its peers? Will the FAAMG group finally rebound?\nFigure 1: The FAAMG group.\nPerformance in 2021: sleepy\nThe chart below shows how far behind Amazon has fallen compared to the S&P 500, the industrials-rich Dow and, even more so, the small-cap Russell 2000 index. The 4% return in nearly six months is three to four times worse than the stock’s average performance since the 1997 IPO.\nTo be fair, the weakness experienced this year needs to be put within the context of the past 18 months. The 2020 pandemic accelerated trends in online shopping and cloud adoption, both of which are highly bullish for Amazon. Last year, AMZN returned nearly 80%, four times as much as the S&P 500. Now, shares seem to be taking a timeout.\nFigure 2: AMZN vs. S&P 500, DJIA and Russell 2000.\nThe key is probably macroeconomics\nA CNBC panel has recently had an interesting conversation about Amazon stock. Fair points were made about business fundamentals and valuations:\n\nAmazon’s share of US e-commerce flirted with 40% in 2020, an impressive number;\nAmazon should surpass Walmart as the largest US retailer next year;\nOnly 15% of the workloads are in the cloud – a growth opportunity for Amazon Web Services;\nThe MGM deal should attract attention, traffic and purchases to the Amazon ecosystem;\nOn the bearish side, P/E is still high, maybe even relative to earnings growth potential.\n\nBut in the end, probably none of the above will mater to Amazon stock and the FAAMG group in the foreseeable future. The single most important variable that will likely determine what happens to tech growth for the rest of the year, in my view, is the macroeconomic landscape.\nThere is little doubt that the global (and the US, even more so) economies are on a path to recovery. This should be good news for companies and stocks across the board. The question is whether post-pandemic growth will push inflation and interest rates much higher than where they currently are.\nIf so, AMZN and FAAMG in general are likely to continue underperforming. This is the case because faster-growing companies rely on long-term earnings and cash flow to support their stock prices. When inflation and yields are high, financial results that are expected to be delivered far out in the future are discounted more heavily to present value.\nFor these reasons, pay attention to inflation data and the Federal Reserve’s decisions around monetary policy – the next chapter will play out on Wednesday, June 16. They may be determinant in the direction of Amazon stock and other FAAMG names over the next few months.","news_type":1,"symbols_score_info":{"AMZN":0.9}},"isVote":1,"tweetType":1,"viewCount":1498,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":5,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/161164072"}