TripleWin
2021-12-23
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Five stocks to buy because company insiders love them as they get hit by year-end tax-loss selling<blockquote>值得购买的五只股票，因为公司内部人士喜欢它们，因为它们受到年终税收损失抛售的打击</blockquote>
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{"i18n":{"language":"zh_CN"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":691414543,"tweetId":"691414543","gmtCreate":1640227225209,"gmtModify":1640227225429,"author":{"id":3577489740102994,"idStr":"3577489740102994","authorId":3577489740102994,"authorIdStr":"3577489740102994","name":"TripleWin","avatar":"https://static.tigerbbs.com/36f6d7690fd546416bd6f74b156c218f","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[],"wearingBadges":[],"fanSize":17,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"title":"","extraTitle":"","html":"<html><head></head><body><p><span>[Like] </span></p></body></html>","htmlText":"<html><head></head><body><p><span>[Like] </span></p></body></html>","text":"[Like]","highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/691414543","repostId":1152005417,"repostType":4,"repost":{"id":"1152005417","kind":"news","pubTimestamp":1640226700,"share":"https://www.laohunote.com/m/news/1152005417?lang=zh_CN&edition=full","pubTime":"2021-12-23 10:31","market":"us","language":"en","title":"Five stocks to buy because company insiders love them as they get hit by year-end tax-loss selling<blockquote>值得购买的五只股票，因为公司内部人士喜欢它们，因为它们受到年终税收损失抛售的打击</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1152005417","media":"MarketWatch","summary":"Company executives are purchasing shares on expectations they’ll rebound in the new year. \nPhoto by ","content":"<p>Company executives are purchasing shares on expectations they’ll rebound in the new year. </p><p><blockquote>公司高管正在购买股票，因为他们预期股票将在新的一年里反弹。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1a93c8338e9a0961a7d781ae9594a822\" tg-width=\"700\" tg-height=\"468\" width=\"100%\" height=\"auto\"><span>Photo by MAURICIO LIMA/AFP via Getty Images</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：MAURICIO LIMA/法新社，盖蒂图片社</span></p></blockquote></p><p> Every year around this time, two powerful forces conspire to artificially suppress stock prices — and create bargains: Lust and vanity.</p><p><blockquote>每年这个时候，两种强大的力量合谋人为地压制股价——并创造便宜货：欲望和虚荣。</blockquote></p><p> You can take advantage of this situation.</p><p><blockquote>你可以利用这种情况。</blockquote></p><p> As for the first force — the lust for profits — this is when individual investors dump losers to create tax losses to offset gains. With the S&P 500 Index up 23% this year, a lot of investors have plenty of gains to offset.</p><p><blockquote>至于第一种力量——对利润的渴望——这是当个人投资者抛售输家以创造税收损失来抵消收益时。随着标普500指数今年上涨 23%，许多投资者有大量收益可以抵消。</blockquote></p><p> The second force — vanity — has fund managers putting “window dressing” on their portfolios to get out of losers so they don’t have to show them in annual reports, points out Bruce Kaser, editor of the Cabot Turnaround Letter.</p><p><blockquote>《卡伯特扭亏为盈》（Cabot Turnaround Letter）的编辑布鲁斯-卡瑟（Bruce Kaser）指出，第二种力量--虚荣心--让基金经理在投资组合上进行 “粉饰”，以摆脱亏损，这样他们就不必在年度报告中显示亏损。</blockquote></p><p> To find the bargains created by this selling pressure, I looked at S&P 500, Nasdaq and Dow Jones Industrial Average stocks down more than 20% this year or from their highs. Then I favored names with the insider buying patterns I look for to identify potential winners for my stock letter Brush Up on Stocks (the link is in the bio below this column).</p><p><blockquote>为了发现这种抛售压力带来的便宜货，我研究了标普500、纳斯达克和道琼斯工业平均指数的股票，这些股票今年下跌了 20% 以上，或者从高点下跌了 20% 以上。然后，我喜欢具有我正在寻找的内幕购买模式的名字，以确定我的股票信件“复习股票”的潜在赢家（链接在本专栏下面的简介中）。</blockquote></p><p> Here are five that fit the bill.</p><p><blockquote>这里有五个符合要求。</blockquote></p><p> With one exception, I favored smaller names where the insider signal has more meaning, and where lower liquidity might contribute to bigger year-end selling pressure.</p><p><blockquote>除了一个例外，我更喜欢较小的公司，因为内部信号更有意义，而且流动性较低可能会导致年底抛售压力更大。</blockquote></p><p> <b>Callaway Golf</b></p><p><blockquote><b>卡拉威高尔夫</b></blockquote></p><p> <b>Sector</b>: Golf equipment and apparel</p><p><blockquote><b>部门</b>: 高尔夫设备和服装</blockquote></p><p> <b>Market cap</b>: $5 billion</p><p><blockquote><b>市值</b>：50亿美元</blockquote></p><p> <b>The damage</b>: Up 8% year to date (YTD) but down 31% from 2021 high (as of Dec. 20)</p><p><blockquote><b>损害</b>：年初至今（年初至今）上涨 8%，但较 2021 年高点（截至 12 月 20 日）下降 31%</blockquote></p><p> Tiger Woods’ rebound against all odds will inspire many mere humans to rekindle their interest in golf. That will boost demand for Callaway’s equipment and apparel sold under the Callaway, Odyssey, Jack Wolfskin and TravisMathew brands. Callaway also owns Topgolf, which runs popular golf courses that also offer high tech practice bays, bars and restaurants.</p><p><blockquote>泰格-伍兹排除万难的反弹将激励许多普通人重新点燃对高尔夫的兴趣。这将促进对 Callaway、Odyssey、Jack Wolfskin 和 TravisMathew 品牌下销售的 Callaway 设备和服装的需求。卡拉威还拥有Topgolf，该公司经营受欢迎的高尔夫球场，还提供高科技练习区、酒吧和餐厅。</blockquote></p><p> Callaway posted 80% sales growth in early November. Most of that came from the purchase of Topgolf last March. But the company did raise guidance slightly for the year, which was bullish. Then came Omicron. That’s hurt the stock, because a lot of the recent revenue strength comes from Topgolf. Covid fears will hurt Topgolf’s bar, restaurant and corporate event business.</p><p><blockquote>卡拉威在11月初公布了80%的销售额增长。其中大部分来自去年三月收购 Topgolf。但该公司确实略微上调了今年的指引，这是看涨的。然后是奥密克戎。这对该股造成了损害，因为最近的收入强劲很大程度上来自 Topgolf。Covid 的担忧将损害 Topgolf 的酒吧、餐厅和企业活动业务。</blockquote></p><p> CEO Chip Brewer is bullish about the long term. “I hope the number one takeaway from today’s call is the upside we are seeing on the long run earnings potential of this business,” he said in the November earnings call.</p><p><blockquote>首席执行官 Chip Brewer 看好长期前景。“他在 11 月份的财报看涨期权上说：”我希望今天看涨期权的首要收获是我们看到的这项业务的长期盈利潜力。</blockquote></p><p> I normally discount bullish management commentary like this. I’ve never met a management team that wasn’t optimistic. It’s part of the job. But CEO bullishness is actually believable when it’s backed up with real money, and that’s what we have here. Brewer and CFO Brian Lynch bought $489,000 worth of stock at just under $26 a few weeks ago. Nice signal.</p><p><blockquote>我通常不喜欢这样看涨的管理层评论。我从未见过不乐观的管理团队。这是工作的一部分。但是，当有真金白银的支持时，首席执行官的乐观态度实际上是可信的，而这正是我们所拥有的。几周前，布鲁尔和首席财务官布莱恩·林奇以略低于 26 美元的价格购买了价值 489,000 美元的股票。信号不错。</blockquote></p><p> <b>Nordstrom</b></p><p><blockquote><b>诺德斯特伦</b></blockquote></p><p> <b>Sector</b>: Retail</p><p><blockquote><b>部门</b>: 零售</blockquote></p><p> <b>Market cap</b>: $3.3 billion</p><p><blockquote><b>市值</b>33亿美元</blockquote></p><p> <b>The damage</b>: Down 35% YTD and 56% from 2021 high</p><p><blockquote><b>损害</b>：年初至今下降 35%，较 2021 年高点下降 56%</blockquote></p><p> Nordstrom posted impressive 18% sales growth for the third quarter on Nov. 23, but earnings missed by 31%, coming in at 39 cents a share. The stock gapped down sharply, and then continued lower in December as Omicron heightened worries about retailers.</p><p><blockquote>11 月 23 日，Nordstrom 公布第三季度销售额增长了 18%，令人印象深刻，但盈利下降了 31%，为每股 39 美分。由于奥密克戎加剧了对零售商的担忧，该股大幅下跌，然后在 12 月份继续走低。</blockquote></p><p> Results were hurt by cost management and supply chain issues, and weakness in its Nordstrom Rack off-price division, where investors had hoped for continued robust growth. On the bright side, the company has a strong brand and balance sheet, and a management team that can recover from the fumble, says Kaser of the Cabot Turnaround Letter. Director Bradley Tilden agrees. He just bought $468,000 worth of stock at $21.27, a big enough purchase to serve as a valid insider signal for me.</p><p><blockquote>成本管理和供应链问题以及 Nordstrom Rack 折扣部门的疲软损害了业绩，投资者曾希望该部门继续强劲增长。Cabot Turnaround Letter 的 Kaser 表示，从好的一面来看，该公司拥有强大的品牌和资产负债表，以及能够从失误中恢复过来的管理团队。导演布拉德利·蒂尔登同意。他刚刚以 21.27 美元的价格购买了价值 468,000 美元的股票，这笔购买金额足以对我来说是一个有效的内部信号。</blockquote></p><p> <b>DocuSign</b></p><p><blockquote><b>文档签名</b></blockquote></p><p> <b>Sector</b>: Software</p><p><blockquote><b>部门</b>：软件</blockquote></p><p> <b>Market cap</b>: $30.5 billion</p><p><blockquote><b>市值</b>：305亿美元</blockquote></p><p> <b>The damage</b>: Down 30% YTD and 51% from 2021 high</p><p><blockquote><b>损害</b>：年初至今下降 30%，较 2021 年高点下降 51%</blockquote></p><p> It’s pretty tough to do anything in business these days without running into DocuSign agreements that you sign and transmit electronically.</p><p><blockquote>如今，做任何生意都很难不遇到通过电子方式签署和传输的 DocuSign 协议。</blockquote></p><p> Despite DocuSign’s dominance in this space, its stock blew up in early December when the company posted 28% growth in billings, well below 34% guidance. The problem: DocuSign’s business got a great boost from the pandemic, which is now wearing off.</p><p><blockquote>尽管 DocuSign 在这一领域占据主导地位，但其股价在 12 月初爆发，当时该公司的账单增长了 28%，远低于 34% 的指导值。问题是： DocuSign 的业务从大流行病中得到了极大的推动，但现在大流行病正在逐渐消退。</blockquote></p><p> Still, there is plenty of room for growth ahead. Few people want to shift back to hard-copy agreements. CEO Dan Springer estimates the market is worth $50 billion a year, and he says DocuSign is still in the early days of taking share since digital transformation “remains a high priority” for organizations worldwide. “Even as the pandemic subsides and people begin to return to the office, they are not returning to paper,” he says.</p><p><blockquote>尽管如此，未来仍有很大的增长空间。很少有人愿意回到硬拷贝协议。首席执行官丹-斯普林格（Dan Springer）估计，该市场每年价值 500 亿美元，他说 DocuSign 仍处于分一杯羹的早期阶段，因为数字化转型 “仍然是全球组织的重中之重”。“他说：”即使大流行病消退，人们开始回到办公室，他们也不会回到纸上谈兵。</blockquote></p><p></p><p> Springer backs up his bullish commentary with a huge $5 million purchase, up to $149 a share. To me, that makes his bullish claims more believable.</p><p><blockquote>斯普林格以 500 万美元的巨额收购（每股高达 149 美元）来支持他的看涨评论。对我来说，这让他的乐观说法更可信。</blockquote></p><p> <b>Everbridge</b></p><p><blockquote><b>埃弗布里奇</b></blockquote></p><p> <b>Sector</b>: Software</p><p><blockquote><b>部门</b>：软件</blockquote></p><p> <b>Market cap</b>: $3.8 billion</p><p><blockquote><b>市值</b>：38亿美元</blockquote></p><p> <b>The damage</b>: Down 54% YTD and 61% from 2021 high</p><p><blockquote><b>损害</b>：年初至今下降 54%，较 2021 年高点下降 61%</blockquote></p><p> Everbridge offers software that helps governments, schools and private companies including Goldman Sachs,Microsoft and Starbucks deal with emergencies like active shooters, terrorist attacks or severe weather. The software helps managers communicate with employees, assess risks, locate responders and track progress on response plans.</p><p><blockquote>Everbridge提供的软件可以帮助政府、学校和包括高盛、微软和星巴克在内的私营公司应对紧急情况，如活跃枪手、恐怖袭击或恶劣天气。该软件帮助经理与员工沟通、评估风险、定位响应者并跟踪响应计划的进展。</blockquote></p><p> Everbridge beat third-quarter estimates in early November with 36% sales growth, and it raised guidance. Its customer count grew 10%. But investors weren’t impressed. The stock gapped down on the news and kept falling. Then in early December the company announced CEO David Meredith is resigning, and the stock hit the skids again. Not even celebrity PR rep William Shatner could combat the Vulcan death grip of negativity.</p><p><blockquote>Everbridge 11 月初第三季度销售额增长 36%，超出预期，并上调了指引。其客户数量增长了10%。但投资者并没有被打动。消息传出后，该股跳空下跌，并持续下跌。随后在 12 月初，该公司宣布首席执行官大卫·梅雷迪思 (David Meredith) 辞职，股价再次下滑。即使是名人公关代表威廉·夏特纳也无法对抗消极情绪的瓦肯死亡控制。</blockquote></p><p> But insiders are coming to the rescue. A cluster of directors recently bought $1.5 million worth of stock at prices up to $67. The cluster buy and purchase size are two clues I look for to tell me that insider buying is more than just fluff. Insiders challenging extreme market negativity is also a nice dynamic. In my experience, insiders often win these standoffs.</p><p><blockquote>但是内部人士正在出手相救。一群董事最近以高达67美元的价格购买了价值150万美元的股票。集群购买和购买规模是我寻找的两个线索，告诉我内幕购买不仅仅是绒毛。内部人士挑战极端的市场负面情绪也是一个很好的动态。根据我的经验，内部人士往往会赢得这些对峙。</blockquote></p><p> <b>HealthEquity</b></p><p><blockquote><b>健康公平</b></blockquote></p><p> <b>Sector</b>: Cloud services</p><p><blockquote><b>部门</b>：云服务</blockquote></p><p> <b>Market cap</b>: $3.4 billion</p><p><blockquote><b>市值</b>34亿美元</blockquote></p><p> <b>The damage</b>: Down 42% YTD and 57% from 2021 high</p><p><blockquote><b>损害</b>：年初至今下降 42%，较 2021 年高点下降 57%</blockquote></p><p> HealthEquity offers cloud-based platforms that help customers navigate the thickets of health insurance and manage health savings accounts (HSAs) and other “consumer-directed benefits” like flexible spending accounts.</p><p><blockquote>HealthEquity 提供基于云的平台，帮助客户在医疗保险的丛林中游刃有余，管理健康储蓄账户（HSA）和其他 “以消费者为导向的福利 ”，如灵活支出账户。</blockquote></p><p> HealthEquity’s stock was already down for the year in early December when it announced a slight decline in third-quarter revenue, so shares got hit even harder. The culprit: Weak sales in consumer-directed benefits. But HSA membership grew 14% to 6.2 million, and HSA assets grew 32% to $16.4 billion. In short, the quarter wasn’t all bad, and the HSA trend suggests the long-term story is still intact, says Baird analyst Mark S. Marcon, who has a $53 price target on the name.</p><p><blockquote>HealthEquity 的股价在 12 月初宣布第三季度收入略有下降时就已经跌至今年的最低点，因此股价受到的打击更大。罪魁祸首：消费者导向的福利销售疲软。但 HSA 会员增长了 14%，达到 620 万，HSA 资产增长了 32%，达到 164 亿美元。Baird 分析师 Mark S. Marcon 表示，简而言之，本季度并不全是坏事，HSA 的趋势表明长期趋势仍然完好无损。</blockquote></p><p> Insiders agree. A cluster of three bought $1.7 million worth of stock on the weakness in December at around $40 to $43 a share. Since 2010, HealthEquity has grown its HSA market share to 17% from 4%, which also suggests long-term momentum in the business.</p><p><blockquote>业内人士对此表示赞同。12 月份，三人以每股 40 至 43 美元左右的价格在疲软中购买了价值 170 万美元的股票。自 2010 年以来，HealthEquity 的 HSA 市场份额已从 4% 增长至 17%，这也表明该业务的长期发展势头。</blockquote></p><p></p>","source":"lsy1603348471595","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>Five stocks to buy because company insiders love them as they get hit by year-end tax-loss selling<blockquote>值得购买的五只股票，因为公司内部人士喜欢它们，因为它们受到年终税收损失抛售的打击</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\">\nFive stocks to buy because company insiders love them as they get hit by year-end tax-loss selling<blockquote>值得购买的五只股票，因为公司内部人士喜欢它们，因为它们受到年终税收损失抛售的打击</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-12-23 10:31</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Company executives are purchasing shares on expectations they’ll rebound in the new year. </p><p><blockquote>公司高管正在购买股票，因为他们预期股票将在新的一年里反弹。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1a93c8338e9a0961a7d781ae9594a822\" tg-width=\"700\" tg-height=\"468\" width=\"100%\" height=\"auto\"><span>Photo by MAURICIO LIMA/AFP via Getty Images</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：MAURICIO LIMA/法新社，盖蒂图片社</span></p></blockquote></p><p> Every year around this time, two powerful forces conspire to artificially suppress stock prices — and create bargains: Lust and vanity.</p><p><blockquote>每年这个时候，两种强大的力量合谋人为地压制股价——并创造便宜货：欲望和虚荣。</blockquote></p><p> You can take advantage of this situation.</p><p><blockquote>你可以利用这种情况。</blockquote></p><p> As for the first force — the lust for profits — this is when individual investors dump losers to create tax losses to offset gains. With the S&P 500 Index up 23% this year, a lot of investors have plenty of gains to offset.</p><p><blockquote>至于第一种力量——对利润的渴望——这是当个人投资者抛售输家以创造税收损失来抵消收益时。随着标普500指数今年上涨 23%，许多投资者有大量收益可以抵消。</blockquote></p><p> The second force — vanity — has fund managers putting “window dressing” on their portfolios to get out of losers so they don’t have to show them in annual reports, points out Bruce Kaser, editor of the Cabot Turnaround Letter.</p><p><blockquote>《卡伯特扭亏为盈》（Cabot Turnaround Letter）的编辑布鲁斯-卡瑟（Bruce Kaser）指出，第二种力量--虚荣心--让基金经理在投资组合上进行 “粉饰”，以摆脱亏损，这样他们就不必在年度报告中显示亏损。</blockquote></p><p> To find the bargains created by this selling pressure, I looked at S&P 500, Nasdaq and Dow Jones Industrial Average stocks down more than 20% this year or from their highs. Then I favored names with the insider buying patterns I look for to identify potential winners for my stock letter Brush Up on Stocks (the link is in the bio below this column).</p><p><blockquote>为了发现这种抛售压力带来的便宜货，我研究了标普500、纳斯达克和道琼斯工业平均指数的股票，这些股票今年下跌了 20% 以上，或者从高点下跌了 20% 以上。然后，我喜欢具有我正在寻找的内幕购买模式的名字，以确定我的股票信件“复习股票”的潜在赢家（链接在本专栏下面的简介中）。</blockquote></p><p> Here are five that fit the bill.</p><p><blockquote>这里有五个符合要求。</blockquote></p><p> With one exception, I favored smaller names where the insider signal has more meaning, and where lower liquidity might contribute to bigger year-end selling pressure.</p><p><blockquote>除了一个例外，我更喜欢较小的公司，因为内部信号更有意义，而且流动性较低可能会导致年底抛售压力更大。</blockquote></p><p> <b>Callaway Golf</b></p><p><blockquote><b>卡拉威高尔夫</b></blockquote></p><p> <b>Sector</b>: Golf equipment and apparel</p><p><blockquote><b>部门</b>: 高尔夫设备和服装</blockquote></p><p> <b>Market cap</b>: $5 billion</p><p><blockquote><b>市值</b>：50亿美元</blockquote></p><p> <b>The damage</b>: Up 8% year to date (YTD) but down 31% from 2021 high (as of Dec. 20)</p><p><blockquote><b>损害</b>：年初至今（年初至今）上涨 8%，但较 2021 年高点（截至 12 月 20 日）下降 31%</blockquote></p><p> Tiger Woods’ rebound against all odds will inspire many mere humans to rekindle their interest in golf. That will boost demand for Callaway’s equipment and apparel sold under the Callaway, Odyssey, Jack Wolfskin and TravisMathew brands. Callaway also owns Topgolf, which runs popular golf courses that also offer high tech practice bays, bars and restaurants.</p><p><blockquote>泰格-伍兹排除万难的反弹将激励许多普通人重新点燃对高尔夫的兴趣。这将促进对 Callaway、Odyssey、Jack Wolfskin 和 TravisMathew 品牌下销售的 Callaway 设备和服装的需求。卡拉威还拥有Topgolf，该公司经营受欢迎的高尔夫球场，还提供高科技练习区、酒吧和餐厅。</blockquote></p><p> Callaway posted 80% sales growth in early November. Most of that came from the purchase of Topgolf last March. But the company did raise guidance slightly for the year, which was bullish. Then came Omicron. That’s hurt the stock, because a lot of the recent revenue strength comes from Topgolf. Covid fears will hurt Topgolf’s bar, restaurant and corporate event business.</p><p><blockquote>卡拉威在11月初公布了80%的销售额增长。其中大部分来自去年三月收购 Topgolf。但该公司确实略微上调了今年的指引，这是看涨的。然后是奥密克戎。这对该股造成了损害，因为最近的收入强劲很大程度上来自 Topgolf。Covid 的担忧将损害 Topgolf 的酒吧、餐厅和企业活动业务。</blockquote></p><p> CEO Chip Brewer is bullish about the long term. “I hope the number one takeaway from today’s call is the upside we are seeing on the long run earnings potential of this business,” he said in the November earnings call.</p><p><blockquote>首席执行官 Chip Brewer 看好长期前景。“他在 11 月份的财报看涨期权上说：”我希望今天看涨期权的首要收获是我们看到的这项业务的长期盈利潜力。</blockquote></p><p> I normally discount bullish management commentary like this. I’ve never met a management team that wasn’t optimistic. It’s part of the job. But CEO bullishness is actually believable when it’s backed up with real money, and that’s what we have here. Brewer and CFO Brian Lynch bought $489,000 worth of stock at just under $26 a few weeks ago. Nice signal.</p><p><blockquote>我通常不喜欢这样看涨的管理层评论。我从未见过不乐观的管理团队。这是工作的一部分。但是，当有真金白银的支持时，首席执行官的乐观态度实际上是可信的，而这正是我们所拥有的。几周前，布鲁尔和首席财务官布莱恩·林奇以略低于 26 美元的价格购买了价值 489,000 美元的股票。信号不错。</blockquote></p><p> <b>Nordstrom</b></p><p><blockquote><b>诺德斯特伦</b></blockquote></p><p> <b>Sector</b>: Retail</p><p><blockquote><b>部门</b>: 零售</blockquote></p><p> <b>Market cap</b>: $3.3 billion</p><p><blockquote><b>市值</b>33亿美元</blockquote></p><p> <b>The damage</b>: Down 35% YTD and 56% from 2021 high</p><p><blockquote><b>损害</b>：年初至今下降 35%，较 2021 年高点下降 56%</blockquote></p><p> Nordstrom posted impressive 18% sales growth for the third quarter on Nov. 23, but earnings missed by 31%, coming in at 39 cents a share. The stock gapped down sharply, and then continued lower in December as Omicron heightened worries about retailers.</p><p><blockquote>11 月 23 日，Nordstrom 公布第三季度销售额增长了 18%，令人印象深刻，但盈利下降了 31%，为每股 39 美分。由于奥密克戎加剧了对零售商的担忧，该股大幅下跌，然后在 12 月份继续走低。</blockquote></p><p> Results were hurt by cost management and supply chain issues, and weakness in its Nordstrom Rack off-price division, where investors had hoped for continued robust growth. On the bright side, the company has a strong brand and balance sheet, and a management team that can recover from the fumble, says Kaser of the Cabot Turnaround Letter. Director Bradley Tilden agrees. He just bought $468,000 worth of stock at $21.27, a big enough purchase to serve as a valid insider signal for me.</p><p><blockquote>成本管理和供应链问题以及 Nordstrom Rack 折扣部门的疲软损害了业绩，投资者曾希望该部门继续强劲增长。Cabot Turnaround Letter 的 Kaser 表示，从好的一面来看，该公司拥有强大的品牌和资产负债表，以及能够从失误中恢复过来的管理团队。导演布拉德利·蒂尔登同意。他刚刚以 21.27 美元的价格购买了价值 468,000 美元的股票，这笔购买金额足以对我来说是一个有效的内部信号。</blockquote></p><p> <b>DocuSign</b></p><p><blockquote><b>文档签名</b></blockquote></p><p> <b>Sector</b>: Software</p><p><blockquote><b>部门</b>：软件</blockquote></p><p> <b>Market cap</b>: $30.5 billion</p><p><blockquote><b>市值</b>：305亿美元</blockquote></p><p> <b>The damage</b>: Down 30% YTD and 51% from 2021 high</p><p><blockquote><b>损害</b>：年初至今下降 30%，较 2021 年高点下降 51%</blockquote></p><p> It’s pretty tough to do anything in business these days without running into DocuSign agreements that you sign and transmit electronically.</p><p><blockquote>如今，做任何生意都很难不遇到通过电子方式签署和传输的 DocuSign 协议。</blockquote></p><p> Despite DocuSign’s dominance in this space, its stock blew up in early December when the company posted 28% growth in billings, well below 34% guidance. The problem: DocuSign’s business got a great boost from the pandemic, which is now wearing off.</p><p><blockquote>尽管 DocuSign 在这一领域占据主导地位，但其股价在 12 月初爆发，当时该公司的账单增长了 28%，远低于 34% 的指导值。问题是： DocuSign 的业务从大流行病中得到了极大的推动，但现在大流行病正在逐渐消退。</blockquote></p><p> Still, there is plenty of room for growth ahead. Few people want to shift back to hard-copy agreements. CEO Dan Springer estimates the market is worth $50 billion a year, and he says DocuSign is still in the early days of taking share since digital transformation “remains a high priority” for organizations worldwide. “Even as the pandemic subsides and people begin to return to the office, they are not returning to paper,” he says.</p><p><blockquote>尽管如此，未来仍有很大的增长空间。很少有人愿意回到硬拷贝协议。首席执行官丹-斯普林格（Dan Springer）估计，该市场每年价值 500 亿美元，他说 DocuSign 仍处于分一杯羹的早期阶段，因为数字化转型 “仍然是全球组织的重中之重”。“他说：”即使大流行病消退，人们开始回到办公室，他们也不会回到纸上谈兵。</blockquote></p><p></p><p> Springer backs up his bullish commentary with a huge $5 million purchase, up to $149 a share. To me, that makes his bullish claims more believable.</p><p><blockquote>斯普林格以 500 万美元的巨额收购（每股高达 149 美元）来支持他的看涨评论。对我来说，这让他的乐观说法更可信。</blockquote></p><p> <b>Everbridge</b></p><p><blockquote><b>埃弗布里奇</b></blockquote></p><p> <b>Sector</b>: Software</p><p><blockquote><b>部门</b>：软件</blockquote></p><p> <b>Market cap</b>: $3.8 billion</p><p><blockquote><b>市值</b>：38亿美元</blockquote></p><p> <b>The damage</b>: Down 54% YTD and 61% from 2021 high</p><p><blockquote><b>损害</b>：年初至今下降 54%，较 2021 年高点下降 61%</blockquote></p><p> Everbridge offers software that helps governments, schools and private companies including Goldman Sachs,Microsoft and Starbucks deal with emergencies like active shooters, terrorist attacks or severe weather. The software helps managers communicate with employees, assess risks, locate responders and track progress on response plans.</p><p><blockquote>Everbridge提供的软件可以帮助政府、学校和包括高盛、微软和星巴克在内的私营公司应对紧急情况，如活跃枪手、恐怖袭击或恶劣天气。该软件帮助经理与员工沟通、评估风险、定位响应者并跟踪响应计划的进展。</blockquote></p><p> Everbridge beat third-quarter estimates in early November with 36% sales growth, and it raised guidance. Its customer count grew 10%. But investors weren’t impressed. The stock gapped down on the news and kept falling. Then in early December the company announced CEO David Meredith is resigning, and the stock hit the skids again. Not even celebrity PR rep William Shatner could combat the Vulcan death grip of negativity.</p><p><blockquote>Everbridge 11 月初第三季度销售额增长 36%，超出预期，并上调了指引。其客户数量增长了10%。但投资者并没有被打动。消息传出后，该股跳空下跌，并持续下跌。随后在 12 月初，该公司宣布首席执行官大卫·梅雷迪思 (David Meredith) 辞职，股价再次下滑。即使是名人公关代表威廉·夏特纳也无法对抗消极情绪的瓦肯死亡控制。</blockquote></p><p> But insiders are coming to the rescue. A cluster of directors recently bought $1.5 million worth of stock at prices up to $67. The cluster buy and purchase size are two clues I look for to tell me that insider buying is more than just fluff. Insiders challenging extreme market negativity is also a nice dynamic. In my experience, insiders often win these standoffs.</p><p><blockquote>但是内部人士正在出手相救。一群董事最近以高达67美元的价格购买了价值150万美元的股票。集群购买和购买规模是我寻找的两个线索，告诉我内幕购买不仅仅是绒毛。内部人士挑战极端的市场负面情绪也是一个很好的动态。根据我的经验，内部人士往往会赢得这些对峙。</blockquote></p><p> <b>HealthEquity</b></p><p><blockquote><b>健康公平</b></blockquote></p><p> <b>Sector</b>: Cloud services</p><p><blockquote><b>部门</b>：云服务</blockquote></p><p> <b>Market cap</b>: $3.4 billion</p><p><blockquote><b>市值</b>34亿美元</blockquote></p><p> <b>The damage</b>: Down 42% YTD and 57% from 2021 high</p><p><blockquote><b>损害</b>：年初至今下降 42%，较 2021 年高点下降 57%</blockquote></p><p> HealthEquity offers cloud-based platforms that help customers navigate the thickets of health insurance and manage health savings accounts (HSAs) and other “consumer-directed benefits” like flexible spending accounts.</p><p><blockquote>HealthEquity 提供基于云的平台，帮助客户在医疗保险的丛林中游刃有余，管理健康储蓄账户（HSA）和其他 “以消费者为导向的福利 ”，如灵活支出账户。</blockquote></p><p> HealthEquity’s stock was already down for the year in early December when it announced a slight decline in third-quarter revenue, so shares got hit even harder. The culprit: Weak sales in consumer-directed benefits. But HSA membership grew 14% to 6.2 million, and HSA assets grew 32% to $16.4 billion. In short, the quarter wasn’t all bad, and the HSA trend suggests the long-term story is still intact, says Baird analyst Mark S. Marcon, who has a $53 price target on the name.</p><p><blockquote>HealthEquity 的股价在 12 月初宣布第三季度收入略有下降时就已经跌至今年的最低点，因此股价受到的打击更大。罪魁祸首：消费者导向的福利销售疲软。但 HSA 会员增长了 14%，达到 620 万，HSA 资产增长了 32%，达到 164 亿美元。Baird 分析师 Mark S. Marcon 表示，简而言之，本季度并不全是坏事，HSA 的趋势表明长期趋势仍然完好无损。</blockquote></p><p> Insiders agree. A cluster of three bought $1.7 million worth of stock on the weakness in December at around $40 to $43 a share. Since 2010, HealthEquity has grown its HSA market share to 17% from 4%, which also suggests long-term momentum in the business.</p><p><blockquote>业内人士对此表示赞同。12 月份，三人以每股 40 至 43 美元左右的价格在疲软中购买了价值 170 万美元的股票。自 2010 年以来，HealthEquity 的 HSA 市场份额已从 4% 增长至 17%，这也表明该业务的长期发展势头。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/five-stocks-to-buy-because-company-insiders-love-them-as-they-get-hit-by-year-end-tax-loss-selling-11640183898?mod=home-page\">MarketWatch</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"JWN":"诺德斯特龙","HQY":"HealthEquity","EVBG":"Everbridge Inc.","DOCU":"Docusign"},"source_url":"https://www.marketwatch.com/story/five-stocks-to-buy-because-company-insiders-love-them-as-they-get-hit-by-year-end-tax-loss-selling-11640183898?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1152005417","content_text":"Company executives are purchasing shares on expectations they’ll rebound in the new year. \nPhoto by MAURICIO LIMA/AFP via Getty Images\n\nEvery year around this time, two powerful forces conspire to artificially suppress stock prices — and create bargains: Lust and vanity.\nYou can take advantage of this situation.\nAs for the first force — the lust for profits — this is when individual investors dump losers to create tax losses to offset gains. With the S&P 500 Index up 23% this year, a lot of investors have plenty of gains to offset.\nThe second force — vanity — has fund managers putting “window dressing” on their portfolios to get out of losers so they don’t have to show them in annual reports, points out Bruce Kaser, editor of the Cabot Turnaround Letter.\nTo find the bargains created by this selling pressure, I looked at S&P 500, Nasdaq and Dow Jones Industrial Average stocks down more than 20% this year or from their highs. Then I favored names with the insider buying patterns I look for to identify potential winners for my stock letter Brush Up on Stocks (the link is in the bio below this column).\nHere are five that fit the bill.\nWith one exception, I favored smaller names where the insider signal has more meaning, and where lower liquidity might contribute to bigger year-end selling pressure.\nCallaway Golf\nSector: Golf equipment and apparel\nMarket cap: $5 billion\nThe damage: Up 8% year to date (YTD) but down 31% from 2021 high (as of Dec. 20)\nTiger Woods’ rebound against all odds will inspire many mere humans to rekindle their interest in golf. That will boost demand for Callaway’s equipment and apparel sold under the Callaway, Odyssey, Jack Wolfskin and TravisMathew brands. Callaway also owns Topgolf, which runs popular golf courses that also offer high tech practice bays, bars and restaurants.\nCallaway posted 80% sales growth in early November. Most of that came from the purchase of Topgolf last March. But the company did raise guidance slightly for the year, which was bullish. Then came Omicron. That’s hurt the stock, because a lot of the recent revenue strength comes from Topgolf. Covid fears will hurt Topgolf’s bar, restaurant and corporate event business.\nCEO Chip Brewer is bullish about the long term. “I hope the number one takeaway from today’s call is the upside we are seeing on the long run earnings potential of this business,” he said in the November earnings call.\nI normally discount bullish management commentary like this. I’ve never met a management team that wasn’t optimistic. It’s part of the job. But CEO bullishness is actually believable when it’s backed up with real money, and that’s what we have here. Brewer and CFO Brian Lynch bought $489,000 worth of stock at just under $26 a few weeks ago. Nice signal.\nNordstrom\nSector: Retail\nMarket cap: $3.3 billion\nThe damage: Down 35% YTD and 56% from 2021 high\nNordstrom posted impressive 18% sales growth for the third quarter on Nov. 23, but earnings missed by 31%, coming in at 39 cents a share. The stock gapped down sharply, and then continued lower in December as Omicron heightened worries about retailers.\nResults were hurt by cost management and supply chain issues, and weakness in its Nordstrom Rack off-price division, where investors had hoped for continued robust growth. On the bright side, the company has a strong brand and balance sheet, and a management team that can recover from the fumble, says Kaser of the Cabot Turnaround Letter. Director Bradley Tilden agrees. He just bought $468,000 worth of stock at $21.27, a big enough purchase to serve as a valid insider signal for me.\nDocuSign\nSector: Software\nMarket cap: $30.5 billion\nThe damage: Down 30% YTD and 51% from 2021 high\nIt’s pretty tough to do anything in business these days without running into DocuSign agreements that you sign and transmit electronically.\nDespite DocuSign’s dominance in this space, its stock blew up in early December when the company posted 28% growth in billings, well below 34% guidance. The problem: DocuSign’s business got a great boost from the pandemic, which is now wearing off.\nStill, there is plenty of room for growth ahead. Few people want to shift back to hard-copy agreements. CEO Dan Springer estimates the market is worth $50 billion a year, and he says DocuSign is still in the early days of taking share since digital transformation “remains a high priority” for organizations worldwide. “Even as the pandemic subsides and people begin to return to the office, they are not returning to paper,” he says.\nSpringer backs up his bullish commentary with a huge $5 million purchase, up to $149 a share. To me, that makes his bullish claims more believable.\nEverbridge\nSector: Software\nMarket cap: $3.8 billion\nThe damage: Down 54% YTD and 61% from 2021 high\nEverbridge offers software that helps governments, schools and private companies including Goldman Sachs,Microsoft and Starbucks deal with emergencies like active shooters, terrorist attacks or severe weather. The software helps managers communicate with employees, assess risks, locate responders and track progress on response plans.\nEverbridge beat third-quarter estimates in early November with 36% sales growth, and it raised guidance. Its customer count grew 10%. But investors weren’t impressed. The stock gapped down on the news and kept falling. Then in early December the company announced CEO David Meredith is resigning, and the stock hit the skids again. Not even celebrity PR rep William Shatner could combat the Vulcan death grip of negativity.\nBut insiders are coming to the rescue. A cluster of directors recently bought $1.5 million worth of stock at prices up to $67. The cluster buy and purchase size are two clues I look for to tell me that insider buying is more than just fluff. Insiders challenging extreme market negativity is also a nice dynamic. In my experience, insiders often win these standoffs.\nHealthEquity\nSector: Cloud services\nMarket cap: $3.4 billion\nThe damage: Down 42% YTD and 57% from 2021 high\nHealthEquity offers cloud-based platforms that help customers navigate the thickets of health insurance and manage health savings accounts (HSAs) and other “consumer-directed benefits” like flexible spending accounts.\nHealthEquity’s stock was already down for the year in early December when it announced a slight decline in third-quarter revenue, so shares got hit even harder. The culprit: Weak sales in consumer-directed benefits. But HSA membership grew 14% to 6.2 million, and HSA assets grew 32% to $16.4 billion. In short, the quarter wasn’t all bad, and the HSA trend suggests the long-term story is still intact, says Baird analyst Mark S. Marcon, who has a $53 price target on the name.\nInsiders agree. A cluster of three bought $1.7 million worth of stock on the weakness in December at around $40 to $43 a share. Since 2010, HealthEquity has grown its HSA market share to 17% from 4%, which also suggests long-term momentum in the business.","news_type":1,"symbols_score_info":{"ELY":0.9,"JWN":0.9,"EVBG":0.9,"DOCU":0.9,"HQY":0.9}},"isVote":1,"tweetType":1,"viewCount":3653,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":6,"subscribersOnly":false,"subscribersOnlyAccessible":false,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/691414543"}
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