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小小爆米花

小小爆米花

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小小爆米花

2021-10-17

Nice

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小小爆米花

2021-10-06

Jialat

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小小爆米花

2021-10-05

Hitting ATH soon?

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小小爆米花

2021-10-04

Lao sai

Dow sheds 300 points as investors ditch technology stocks, Nasdaq drops 2%<blockquote>投资者抛售科技股，道琼斯指数下跌 300 点，纳斯达克下跌 2%</blockquote>

小小爆米花

2021-10-03

Ya

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小小爆米花

2021-10-02

Buy now?

3 Stocks That Can Double Again in the Fourth Quarter<blockquote>3只股票第四季度可能再次翻倍</blockquote>

小小爆米花

2021-10-01

Nice

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小小爆米花

2021-09-29

Nice

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小小爆米花

2021-09-28

Down

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小小爆米花

2021-09-27

Nice

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小小爆米花

2021-09-20

Wow

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小小爆米花

2021-09-17

Steady

S&P ends modestly lower as rising Treasury yields offset robust retail data<blockquote>由于国债收益率上升抵消了强劲的零售数据，标准普尔收盘小幅走低</blockquote>

小小爆米花

2021-09-15

Rebound today?

U.S. stocks close lower on worries over recovery, corporate tax hikes<blockquote>由于对经济复苏和企业增税的担忧，美国股市收盘走低</blockquote>

小小爆米花

2021-09-15

Wow

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小小爆米花

2021-09-14

Buy or bye

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小小爆米花

2021-09-14

Nice

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小小爆米花

2021-09-13

Up or down

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小小爆米花

2021-09-12

Wow. Nice

US IPO Week Ahead: The Fall IPO market kicks off with a 10 IPO week<blockquote>美国 IPO 周即将到来：秋季 IPO 市场以第 10 周 IPO 拉开帷幕</blockquote>

小小爆米花

2021-09-10

We will know if MS is correct in another 3 months

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小小爆米花

2021-09-07

Standby ammo

C3.ai: Brace Yourself For Landing, A Buy Point Is Coming Soon<blockquote>C3.ai：做好登陆准备，买点即将到来</blockquote>

去老虎APP查看更多动态

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ATH soon?","listText":"Hitting ATH soon?","text":"Hitting ATH soon?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/820742138","repostId":"1131473093","repostType":4,"isVote":1,"tweetType":1,"viewCount":4476,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":820184981,"gmtCreate":1633359101959,"gmtModify":1633359102362,"author":{"id":"3560144122940430","authorId":"3560144122940430","name":"小小爆米花","avatar":"https://static.tigerbbs.com/a8901eea0205335d02f752d9b13e1f65","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3560144122940430","idStr":"3560144122940430"},"themes":[],"title":"","htmlText":"Lao sai","listText":"Lao sai","text":"Lao sai","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/820184981","repostId":"1121201904","repostType":4,"repost":{"id":"1121201904","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1633358944,"share":"https://www.laohunote.com/m/news/1121201904?lang=zh_CN&edition=full","pubTime":"2021-10-04 22:49","market":"us","language":"en","title":"Dow sheds 300 points as investors ditch technology stocks, Nasdaq drops 2%<blockquote>投资者抛售科技股，道琼斯指数下跌 300 点，纳斯达克下跌 2%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1121201904","media":"Tiger Newspress","summary":"The major averages took steep losses to start the week as investors continued their rotation out of ","content":"<p>The major averages took steep losses to start the week as investors continued their rotation out of technology stocks amid rising bond yields.</p><p><blockquote>由于债券收益率上升，投资者继续撤出科技股，主要股指本周初大幅下跌。</blockquote></p><p> The Dow Jones Industrial Average fell about 300 points, despite a large gain in Merck. The S&amp;P 500 shed 1.2%. The technology-focused Nasdaq Composite was the relative underperformer, dipping roughly 2%.</p><p><blockquote>尽管默克公司大幅上涨，但道琼斯工业平均指数仍下跌约 300 点。标普500下跌 1.2%。以科技为主的纳斯达克综合指数表现相对较差，下跌约 2%。</blockquote></p><p> Large tech shares&nbsp;like&nbsp;Apple,Nvidia,Amazon&nbsp;and&nbsp;Microsoft&nbsp;were lower as investors eyed bond yields.</p><p><blockquote>由于投资者关注债券收益率，苹果、英伟达、亚马逊和微软等大型科技股走低。</blockquote></p><p></p>","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>Dow sheds 300 points as investors ditch technology stocks, Nasdaq drops 2%<blockquote>投资者抛售科技股，道琼斯指数下跌 300 点，纳斯达克下跌 2%</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\">\nDow sheds 300 points as investors ditch technology stocks, Nasdaq drops 2%<blockquote>投资者抛售科技股，道琼斯指数下跌 300 点，纳斯达克下跌 2%</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-10-04 22:49</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>The major averages took steep losses to start the week as investors continued their rotation out of technology stocks amid rising bond yields.</p><p><blockquote>由于债券收益率上升，投资者继续撤出科技股，主要股指本周初大幅下跌。</blockquote></p><p> The Dow Jones Industrial Average fell about 300 points, despite a large gain in Merck. The S&amp;P 500 shed 1.2%. The technology-focused Nasdaq Composite was the relative underperformer, dipping roughly 2%.</p><p><blockquote>尽管默克公司大幅上涨，但道琼斯工业平均指数仍下跌约 300 点。标普500下跌 1.2%。以科技为主的纳斯达克综合指数表现相对较差，下跌约 2%。</blockquote></p><p> Large tech shares&nbsp;like&nbsp;Apple,Nvidia,Amazon&nbsp;and&nbsp;Microsoft&nbsp;were lower as investors eyed bond yields.</p><p><blockquote>由于投资者关注债券收益率，苹果、英伟达、亚马逊和微软等大型科技股走低。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1121201904","content_text":"The major averages took steep losses to start the week as investors continued their rotation out of technology stocks amid rising bond yields.\nThe Dow Jones Industrial Average fell about 300 points, despite a large gain in Merck. The S&P 500 shed 1.2%. The technology-focused Nasdaq Composite was the relative underperformer, dipping roughly 2%.\nLarge tech shares like Apple,Nvidia,Amazon and Microsoft were lower as investors eyed bond yields.","news_type":1,"symbols_score_info":{".IXIC":0.9,".SPX":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":4495,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":867649070,"gmtCreate":1633261389455,"gmtModify":1633261389825,"author":{"id":"3560144122940430","authorId":"3560144122940430","name":"小小爆米花","avatar":"https://static.tigerbbs.com/a8901eea0205335d02f752d9b13e1f65","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3560144122940430","idStr":"3560144122940430"},"themes":[],"title":"","htmlText":"Ya","listText":"Ya","text":"Ya","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/867649070","repostId":"2172964531","repostType":4,"isVote":1,"tweetType":1,"viewCount":3100,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":867931159,"gmtCreate":1633183174705,"gmtModify":1633183175133,"author":{"id":"3560144122940430","authorId":"3560144122940430","name":"小小爆米花","avatar":"https://static.tigerbbs.com/a8901eea0205335d02f752d9b13e1f65","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3560144122940430","idStr":"3560144122940430"},"themes":[],"title":"","htmlText":"Buy now?","listText":"Buy now?","text":"Buy now?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/867931159","repostId":"1134305481","repostType":4,"repost":{"id":"1134305481","kind":"news","pubTimestamp":1633152909,"share":"https://www.laohunote.com/m/news/1134305481?lang=zh_CN&edition=full","pubTime":"2021-10-02 13:35","market":"hk","language":"en","title":"3 Stocks That Can Double Again in the Fourth Quarter<blockquote>3只股票第四季度可能再次翻倍</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1134305481","media":"The motley fool","summary":"Key Points\n\nCrocs has jacked up its guidance every quarter this year. It reports again later this mo","content":"<p>Key Points</p><p><blockquote>要点</blockquote></p><p> <ul>  <li>Crocs has jacked up its guidance every quarter this year. It reports again later this month.</li>  <li>AMC would have to double from here to revisit its June highs. Check the upcoming theatrical release slate to know why movie theaters are about to get a whole lot better.</li>  <li>Upstart is revolutionizing the way creditworthiness is determined in consumer loans, and it's laughing all the way to the bank.</li> </ul> </p><p><blockquote><ul><li>Crocs 今年每个季度都上调了指引。它将于本月晚些时候再次报道。</li><li>AMC 必须从这里开始翻倍才能重返 6 月份的高点。查看即将到来的影院上映名单，了解为什么电影院会变得更好。</li><li>Upstart 正在彻底改变消费贷款中确定信用度的方式，并且一路嘲笑银行。</li></ul></blockquote></p><p> It's been a volatile year for stocks, but naturally some investments have fared better than others. Over 300 stocks have more than doubled in 2021. Many of those winning investments will be lucky if they can hold those gains through the final three months of the year, but what about the names that have the potential to double again?</p><p><blockquote>对于股市来说，这是动荡的一年，但自然有些投资比其他投资表现更好。2021 年，超过 300 只股票的股价上涨了一倍多。如果许多获胜的投资能够在今年的最后三个月保持这些收益，他们将是幸运的，但那些有可能再次翻倍的名字呢？</blockquote></p><p> <b>Crocs</b>&nbsp;(NASDAQ:CROX),<b>AMC Entertainment</b>(NYSE:AMC), and<b>Upstart</b>&nbsp;(NASDAQ:UPST)have more than doubled in value through the first nine months of 2021. Let's see why they have what it takes to possibly repeat the feat in the fourth quarter.</p><p><blockquote><b>洞洞鞋</b>（纳斯达克股票代码：CROX）<b>AMC院线</b>（纽约证券交易所代码：AMC），以及<b>暴发户</b>（纳斯达克股票代码：UPST）2021 年前 9 个月的价值增长了一倍多。让我们看看为什么他们有能力在第四季度重复这一壮举。</blockquote></p><p> 1. Crocs</p><p><blockquote>1. 洞洞鞋</blockquote></p><p> Remember those bright rubbery shoes with holes in them? They're back in a big way. Crocs sales are booming since the pandemic began, and the stock is following suit with a 129% increase through the first nine months of 2021.</p><p><blockquote>还记得那些有洞的明亮橡胶鞋吗？他们又回来了。自疫情爆发以来，Crocs 的销量一直在蓬勃发展，2021 年前 9 个月，该股也随之上涨了 129%。</blockquote></p><p> The comfortable resin shoes were already making a comeback before the COVID-19 crisis with double-digit revenue growth in 2019 before repeating the feat in 2020. Momentum is what's really taking Crocs to a higher level in 2021.</p><p><blockquote>在 COVID-19 危机之前，舒适的树脂鞋已经卷土重来，2019 年实现了两位数的收入增长，然后在 2020 年再次实现这一壮举。2021年，动力才是真正让Crocs更上一层楼的原因。</blockquote></p><p> The year began with the footwear maker projecting 20%-to-25% top-line growth for the entire year back in February. Guidance was bumped higher -- to between 40% and 50% growth -- the following quarter. It happened again this summer, with Crocs now targeting a 60%-to-65% surge in revenue for all of 2021. What do you think will happen if those targets get pushed even higher when it reports third-quarter results later this month?</p><p><blockquote>今年年初，这家鞋类制造商在 2 月份预计全年营收增长 20% 至 25%。接下来的一个季度，指引上调至 40% 至 50% 之间。今年夏天，这种情况再次发生，Crocs 现在的目标是 2021 年全年收入增长 60% 至 65%。您认为如果在本月晚些时候公布第三季度业绩时这些目标被推得更高，会发生什么？</blockquote></p><p> Despite a stock that has popped nearly sixfold since the start of 2019, Crocs is reasonably priced given its accelerating growth. It's trading at 21 times this year's earnings and just 17 times next year's target. There's clearly room to increase those multiples, and Wall Street's finally as comfortable with Crocs as an investment as its customers are in its shoes.</p><p><blockquote>尽管该股自 2019 年初以来已上涨近六倍，但考虑到其加速增长，Crocs 的定价还是合理的。该公司的交易价格是今年市盈率的 21 倍，而明年目标仅为 17 倍。显然还有增加这些倍数的空间，华尔街终于对 Crocs 作为一项投资感到满意，就像其客户对 Crocs 的看法一样。</blockquote></p><p> 2. AMC Entertainment</p><p><blockquote>2.AMC院线</blockquote></p><p> You may be surprised to find the country's leading multiplex operator on this list, but plot twists are what make movies so good. It's certainly true that AMC Entertainment has appreciated -- in terms of both stock price and a fivefold explosion in shares outstanding -- to the point where its valuation is out of whack relative to its peers'. If you want a pure investing play on the movie theater industry's recovery, you will find more attractively priced stocks toscratchthatitch.</p><p><blockquote>你可能会惊讶地发现这个国家领先的多厅影院运营商出现在这个名单上，但情节转折是电影如此出色的原因。AMC院线确实已经升值——无论是股价还是流通股的五倍爆炸式增长——到了其估值相对于同行来说已经失控的地步。如果你想对电影院行业的复苏进行纯粹的投资，你会发现价格更具吸引力的股票。</blockquote></p><p> However, as ameme stockand cultural phenomenon it's hard to argue against what AMC has done to translate its popularity among retail investors into a legitimate market share grab in the recovery process. No company has seen its market cap inflate as much as AMC has this year, but this is also a stock that enters the fourth quarter with a stock price that is a little more than half of what it was when it peaked in June. In short, it would have to double from here to revisit its all-time high -- but isn't that always possible with the poster child for 2021 momentum stocks?</p><p><blockquote>然而，作为 ameme 股票和文化现象，很难反驳 AMC 在复苏过程中将其在散户投资者中的受欢迎程度转化为合法的市场份额抢占所做的事情。今年没有一家公司的市值像 AMC 那样膨胀，但这也是一只进入第四季度的股票，其股价仅为 6 月份峰值时的一半多一点。简而言之，它必须从这里翻倍才能重新创下历史高点——但对于 2021 年动量股票的海报儿童来说，这不总是可能的吗？</blockquote></p><p> Fundamentally speaking, the catalysts are also there.<i>Shang-Chi and the Legend of the Ten Rings</i>shattered box office records over Labor Day weekend, but the initial excitement fizzled out when subsequent weekends were abysmal. However, it's all about the pipeline. Studios pushed out September releases into October and beyond when the delta variant resulted in a spike in COVID-19 cases. We're now seeing the highly anticipated films start to come back, starting with the new James Bond movie next weekend. The fourth quarter should be a lot stronger for the industry than the naysayers think, and if AMC stock gets back to where it was in early June -- fundamentally earned this time -- it will have to double from here.</p><p><blockquote>从根本上说，催化剂也在那里。<i>尚气与十环传说</i>劳动节周末打破了票房记录，但当随后的周末表现糟糕时，最初的兴奋就消失了。然而，这都是关于管道的。当德尔塔变异毒株导致新冠肺炎病例激增时，电影公司将9月份的上映推迟到10月份及以后。我们现在看到备受期待的电影开始回归，从下周末的新詹姆斯·邦德电影开始。第四季度对该行业来说应该比反对者想象的要强劲得多，如果 AMC 股价回到 6 月初的水平（这次基本上是盈利的），它将不得不从这里翻一番。</blockquote></p><p> 3. Upstart</p><p><blockquote>3. 新贵</blockquote></p><p> I love when industries ripe for disruption get upended, and that's what Upstart is doing with the lending industry. Upstart usesartificial intelligenceand machine learning to make better calls on assessing risk profiles and creditworthiness for folks who don't typically get approved for consumer loans.</p><p><blockquote>我喜欢颠覆时机成熟的行业被颠覆，这就是 Upstart 对贷款行业所做的事情。Upstart 使用人工智能和机器学习来更好地评级，为那些通常无法获得消费贷款批准的人评估风险状况和信用度。</blockquote></p><p> Growth is bonkers. Revenue seemed to be decelerating sharply, with slowing growth spurts of 89%, 52%, and 27% in the last three years respectively. Now that consumers are becoming aware of Upstart as a better alternative to payday loans and other predatory lending products, business is skyrocketing. Revenue rose 90% in the first quarter, only to surge 1,018% in its latest report. And no, that's not a typo.</p><p><blockquote>增长是疯狂的。收入似乎急剧放缓，过去三年增长速度分别放缓了 89%、52% 和 27%。现在，消费者开始意识到Upstart是发薪日贷款和其他掠夺性贷款产品的更好替代品，业务正在飙升。第一季度收入增长 90%，但在最新报告中却猛增 1,018%。不，那不是错别字。</blockquote></p><p></p><p> With Upstart now expanding into the auto loans market, the potential for its better alternative to stodgy credit scores is just getting started. The stock has been a seven-bagger through the first three quarters of 2021, but the runway is long for this disruptive jet.</p><p><blockquote>随着Upstart现在扩展到汽车贷款市场，其更好的替代乏味信用评分的潜力才刚刚开始。2021 年前三个季度，该股上涨了七袋，但这架颠覆性喷气式飞机的跑道还很长。</blockquote></p><p></p>","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>3 Stocks That Can Double Again in the Fourth Quarter<blockquote>3只股票第四季度可能再次翻倍</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\">\n3 Stocks That Can Double Again in the Fourth Quarter<blockquote>3只股票第四季度可能再次翻倍</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">The motley fool</strong><span class=\"h-time small\">2021-10-02 13:35</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Key Points</p><p><blockquote>要点</blockquote></p><p> <ul>  <li>Crocs has jacked up its guidance every quarter this year. It reports again later this month.</li>  <li>AMC would have to double from here to revisit its June highs. Check the upcoming theatrical release slate to know why movie theaters are about to get a whole lot better.</li>  <li>Upstart is revolutionizing the way creditworthiness is determined in consumer loans, and it's laughing all the way to the bank.</li> </ul> </p><p><blockquote><ul><li>Crocs 今年每个季度都上调了指引。它将于本月晚些时候再次报道。</li><li>AMC 必须从这里开始翻倍才能重返 6 月份的高点。查看即将到来的影院上映名单，了解为什么电影院会变得更好。</li><li>Upstart 正在彻底改变消费贷款中确定信用度的方式，并且一路嘲笑银行。</li></ul></blockquote></p><p> It's been a volatile year for stocks, but naturally some investments have fared better than others. Over 300 stocks have more than doubled in 2021. Many of those winning investments will be lucky if they can hold those gains through the final three months of the year, but what about the names that have the potential to double again?</p><p><blockquote>对于股市来说，这是动荡的一年，但自然有些投资比其他投资表现更好。2021 年，超过 300 只股票的股价上涨了一倍多。如果许多获胜的投资能够在今年的最后三个月保持这些收益，他们将是幸运的，但那些有可能再次翻倍的名字呢？</blockquote></p><p> <b>Crocs</b>&nbsp;(NASDAQ:CROX),<b>AMC Entertainment</b>(NYSE:AMC), and<b>Upstart</b>&nbsp;(NASDAQ:UPST)have more than doubled in value through the first nine months of 2021. Let's see why they have what it takes to possibly repeat the feat in the fourth quarter.</p><p><blockquote><b>洞洞鞋</b>（纳斯达克股票代码：CROX）<b>AMC院线</b>（纽约证券交易所代码：AMC），以及<b>暴发户</b>（纳斯达克股票代码：UPST）2021 年前 9 个月的价值增长了一倍多。让我们看看为什么他们有能力在第四季度重复这一壮举。</blockquote></p><p> 1. Crocs</p><p><blockquote>1. 洞洞鞋</blockquote></p><p> Remember those bright rubbery shoes with holes in them? They're back in a big way. Crocs sales are booming since the pandemic began, and the stock is following suit with a 129% increase through the first nine months of 2021.</p><p><blockquote>还记得那些有洞的明亮橡胶鞋吗？他们又回来了。自疫情爆发以来，Crocs 的销量一直在蓬勃发展，2021 年前 9 个月，该股也随之上涨了 129%。</blockquote></p><p> The comfortable resin shoes were already making a comeback before the COVID-19 crisis with double-digit revenue growth in 2019 before repeating the feat in 2020. Momentum is what's really taking Crocs to a higher level in 2021.</p><p><blockquote>在 COVID-19 危机之前，舒适的树脂鞋已经卷土重来，2019 年实现了两位数的收入增长，然后在 2020 年再次实现这一壮举。2021年，动力才是真正让Crocs更上一层楼的原因。</blockquote></p><p> The year began with the footwear maker projecting 20%-to-25% top-line growth for the entire year back in February. Guidance was bumped higher -- to between 40% and 50% growth -- the following quarter. It happened again this summer, with Crocs now targeting a 60%-to-65% surge in revenue for all of 2021. What do you think will happen if those targets get pushed even higher when it reports third-quarter results later this month?</p><p><blockquote>今年年初，这家鞋类制造商在 2 月份预计全年营收增长 20% 至 25%。接下来的一个季度，指引上调至 40% 至 50% 之间。今年夏天，这种情况再次发生，Crocs 现在的目标是 2021 年全年收入增长 60% 至 65%。您认为如果在本月晚些时候公布第三季度业绩时这些目标被推得更高，会发生什么？</blockquote></p><p> Despite a stock that has popped nearly sixfold since the start of 2019, Crocs is reasonably priced given its accelerating growth. It's trading at 21 times this year's earnings and just 17 times next year's target. There's clearly room to increase those multiples, and Wall Street's finally as comfortable with Crocs as an investment as its customers are in its shoes.</p><p><blockquote>尽管该股自 2019 年初以来已上涨近六倍，但考虑到其加速增长，Crocs 的定价还是合理的。该公司的交易价格是今年市盈率的 21 倍，而明年目标仅为 17 倍。显然还有增加这些倍数的空间，华尔街终于对 Crocs 作为一项投资感到满意，就像其客户对 Crocs 的看法一样。</blockquote></p><p> 2. AMC Entertainment</p><p><blockquote>2.AMC院线</blockquote></p><p> You may be surprised to find the country's leading multiplex operator on this list, but plot twists are what make movies so good. It's certainly true that AMC Entertainment has appreciated -- in terms of both stock price and a fivefold explosion in shares outstanding -- to the point where its valuation is out of whack relative to its peers'. If you want a pure investing play on the movie theater industry's recovery, you will find more attractively priced stocks toscratchthatitch.</p><p><blockquote>你可能会惊讶地发现这个国家领先的多厅影院运营商出现在这个名单上，但情节转折是电影如此出色的原因。AMC院线确实已经升值——无论是股价还是流通股的五倍爆炸式增长——到了其估值相对于同行来说已经失控的地步。如果你想对电影院行业的复苏进行纯粹的投资，你会发现价格更具吸引力的股票。</blockquote></p><p> However, as ameme stockand cultural phenomenon it's hard to argue against what AMC has done to translate its popularity among retail investors into a legitimate market share grab in the recovery process. No company has seen its market cap inflate as much as AMC has this year, but this is also a stock that enters the fourth quarter with a stock price that is a little more than half of what it was when it peaked in June. In short, it would have to double from here to revisit its all-time high -- but isn't that always possible with the poster child for 2021 momentum stocks?</p><p><blockquote>然而，作为 ameme 股票和文化现象，很难反驳 AMC 在复苏过程中将其在散户投资者中的受欢迎程度转化为合法的市场份额抢占所做的事情。今年没有一家公司的市值像 AMC 那样膨胀，但这也是一只进入第四季度的股票，其股价仅为 6 月份峰值时的一半多一点。简而言之，它必须从这里翻倍才能重新创下历史高点——但对于 2021 年动量股票的海报儿童来说，这不总是可能的吗？</blockquote></p><p> Fundamentally speaking, the catalysts are also there.<i>Shang-Chi and the Legend of the Ten Rings</i>shattered box office records over Labor Day weekend, but the initial excitement fizzled out when subsequent weekends were abysmal. However, it's all about the pipeline. Studios pushed out September releases into October and beyond when the delta variant resulted in a spike in COVID-19 cases. We're now seeing the highly anticipated films start to come back, starting with the new James Bond movie next weekend. The fourth quarter should be a lot stronger for the industry than the naysayers think, and if AMC stock gets back to where it was in early June -- fundamentally earned this time -- it will have to double from here.</p><p><blockquote>从根本上说，催化剂也在那里。<i>尚气与十环传说</i>劳动节周末打破了票房记录，但当随后的周末表现糟糕时，最初的兴奋就消失了。然而，这都是关于管道的。当德尔塔变异毒株导致新冠肺炎病例激增时，电影公司将9月份的上映推迟到10月份及以后。我们现在看到备受期待的电影开始回归，从下周末的新詹姆斯·邦德电影开始。第四季度对该行业来说应该比反对者想象的要强劲得多，如果 AMC 股价回到 6 月初的水平（这次基本上是盈利的），它将不得不从这里翻一番。</blockquote></p><p> 3. Upstart</p><p><blockquote>3. 新贵</blockquote></p><p> I love when industries ripe for disruption get upended, and that's what Upstart is doing with the lending industry. Upstart usesartificial intelligenceand machine learning to make better calls on assessing risk profiles and creditworthiness for folks who don't typically get approved for consumer loans.</p><p><blockquote>我喜欢颠覆时机成熟的行业被颠覆，这就是 Upstart 对贷款行业所做的事情。Upstart 使用人工智能和机器学习来更好地评级，为那些通常无法获得消费贷款批准的人评估风险状况和信用度。</blockquote></p><p> Growth is bonkers. Revenue seemed to be decelerating sharply, with slowing growth spurts of 89%, 52%, and 27% in the last three years respectively. Now that consumers are becoming aware of Upstart as a better alternative to payday loans and other predatory lending products, business is skyrocketing. Revenue rose 90% in the first quarter, only to surge 1,018% in its latest report. And no, that's not a typo.</p><p><blockquote>增长是疯狂的。收入似乎急剧放缓，过去三年增长速度分别放缓了 89%、52% 和 27%。现在，消费者开始意识到Upstart是发薪日贷款和其他掠夺性贷款产品的更好替代品，业务正在飙升。第一季度收入增长 90%，但在最新报告中却猛增 1,018%。不，那不是错别字。</blockquote></p><p></p><p> With Upstart now expanding into the auto loans market, the potential for its better alternative to stodgy credit scores is just getting started. The stock has been a seven-bagger through the first three quarters of 2021, but the runway is long for this disruptive jet.</p><p><blockquote>随着Upstart现在扩展到汽车贷款市场，其更好的替代乏味信用评分的潜力才刚刚开始。2021 年前三个季度，该股上涨了七袋，但这架颠覆性喷气式飞机的跑道还很长。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/10/01/3-stocks-that-can-double-again-in-the-fourth-quart/\">The motley fool</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":{"CROX":"卡骆驰","AMC":"AMC院线","UPST":"Upstart Holdings, Inc."},"source_url":"https://www.fool.com/investing/2021/10/01/3-stocks-that-can-double-again-in-the-fourth-quart/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1134305481","content_text":"Key Points\n\nCrocs has jacked up its guidance every quarter this year. It reports again later this month.\nAMC would have to double from here to revisit its June highs. Check the upcoming theatrical release slate to know why movie theaters are about to get a whole lot better.\nUpstart is revolutionizing the way creditworthiness is determined in consumer loans, and it's laughing all the way to the bank.\n\n\nIt's been a volatile year for stocks, but naturally some investments have fared better than others. Over 300 stocks have more than doubled in 2021. Many of those winning investments will be lucky if they can hold those gains through the final three months of the year, but what about the names that have the potential to double again?\nCrocs (NASDAQ:CROX),AMC Entertainment(NYSE:AMC), andUpstart (NASDAQ:UPST)have more than doubled in value through the first nine months of 2021. Let's see why they have what it takes to possibly repeat the feat in the fourth quarter.\n1. Crocs\nRemember those bright rubbery shoes with holes in them? They're back in a big way. Crocs sales are booming since the pandemic began, and the stock is following suit with a 129% increase through the first nine months of 2021.\nThe comfortable resin shoes were already making a comeback before the COVID-19 crisis with double-digit revenue growth in 2019 before repeating the feat in 2020. Momentum is what's really taking Crocs to a higher level in 2021.\nThe year began with the footwear maker projecting 20%-to-25% top-line growth for the entire year back in February. Guidance was bumped higher -- to between 40% and 50% growth -- the following quarter. It happened again this summer, with Crocs now targeting a 60%-to-65% surge in revenue for all of 2021. What do you think will happen if those targets get pushed even higher when it reports third-quarter results later this month?\nDespite a stock that has popped nearly sixfold since the start of 2019, Crocs is reasonably priced given its accelerating growth. It's trading at 21 times this year's earnings and just 17 times next year's target. There's clearly room to increase those multiples, and Wall Street's finally as comfortable with Crocs as an investment as its customers are in its shoes.\n2. AMC Entertainment\nYou may be surprised to find the country's leading multiplex operator on this list, but plot twists are what make movies so good. It's certainly true that AMC Entertainment has appreciated -- in terms of both stock price and a fivefold explosion in shares outstanding -- to the point where its valuation is out of whack relative to its peers'. If you want a pure investing play on the movie theater industry's recovery, you will find more attractively priced stocks toscratchthatitch.\nHowever, as ameme stockand cultural phenomenon it's hard to argue against what AMC has done to translate its popularity among retail investors into a legitimate market share grab in the recovery process. No company has seen its market cap inflate as much as AMC has this year, but this is also a stock that enters the fourth quarter with a stock price that is a little more than half of what it was when it peaked in June. In short, it would have to double from here to revisit its all-time high -- but isn't that always possible with the poster child for 2021 momentum stocks?\nFundamentally speaking, the catalysts are also there.Shang-Chi and the Legend of the Ten Ringsshattered box office records over Labor Day weekend, but the initial excitement fizzled out when subsequent weekends were abysmal. However, it's all about the pipeline. Studios pushed out September releases into October and beyond when the delta variant resulted in a spike in COVID-19 cases. We're now seeing the highly anticipated films start to come back, starting with the new James Bond movie next weekend. The fourth quarter should be a lot stronger for the industry than the naysayers think, and if AMC stock gets back to where it was in early June -- fundamentally earned this time -- it will have to double from here.\n3. Upstart\nI love when industries ripe for disruption get upended, and that's what Upstart is doing with the lending industry. Upstart usesartificial intelligenceand machine learning to make better calls on assessing risk profiles and creditworthiness for folks who don't typically get approved for consumer loans.\nGrowth is bonkers. Revenue seemed to be decelerating sharply, with slowing growth spurts of 89%, 52%, and 27% in the last three years respectively. Now that consumers are becoming aware of Upstart as a better alternative to payday loans and other predatory lending products, business is skyrocketing. Revenue rose 90% in the first quarter, only to surge 1,018% in its latest report. And no, that's not a typo.\nWith Upstart now expanding into the auto loans market, the potential for its better alternative to stodgy credit scores is just getting started. The stock has been a seven-bagger through the first three quarters of 2021, but the runway is long for this disruptive jet.","news_type":1,"symbols_score_info":{"CROX":0.9,"UPST":0.9,"AMC":0.9}},"isVote":1,"tweetType":1,"viewCount":3073,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":864828978,"gmtCreate":1633091463339,"gmtModify":1633091597078,"author":{"id":"3560144122940430","authorId":"3560144122940430","name":"小小爆米花","avatar":"https://static.tigerbbs.com/a8901eea0205335d02f752d9b13e1f65","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3560144122940430","idStr":"3560144122940430"},"themes":[],"title":"","htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/864828978","repostId":"2172395002","repostType":4,"isVote":1,"tweetType":1,"viewCount":5464,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":865000948,"gmtCreate":1632921004505,"gmtModify":1632921005009,"author":{"id":"3560144122940430","authorId":"3560144122940430","name":"小小爆米花","avatar":"https://static.tigerbbs.com/a8901eea0205335d02f752d9b13e1f65","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3560144122940430","idStr":"3560144122940430"},"themes":[],"title":"","htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/865000948","repostId":"1144324950","repostType":4,"isVote":1,"tweetType":1,"viewCount":3737,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":862942534,"gmtCreate":1632834203899,"gmtModify":1632834204013,"author":{"id":"3560144122940430","authorId":"3560144122940430","name":"小小爆米花","avatar":"https://static.tigerbbs.com/a8901eea0205335d02f752d9b13e1f65","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3560144122940430","idStr":"3560144122940430"},"themes":[],"title":"","htmlText":"Down","listText":"Down","text":"Down","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/862942534","repostId":"1198385948","repostType":4,"isVote":1,"tweetType":1,"viewCount":4470,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":866176165,"gmtCreate":1632750713557,"gmtModify":1632798112731,"author":{"id":"3560144122940430","authorId":"3560144122940430","name":"小小爆米花","avatar":"https://static.tigerbbs.com/a8901eea0205335d02f752d9b13e1f65","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3560144122940430","idStr":"3560144122940430"},"themes":[],"title":"","htmlText":"Nice&nbsp;","listText":"Nice&nbsp;","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/866176165","repostId":"1183248288","repostType":4,"isVote":1,"tweetType":1,"viewCount":4563,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":887525103,"gmtCreate":1632069329702,"gmtModify":1632803036298,"author":{"id":"3560144122940430","authorId":"3560144122940430","name":"小小爆米花","avatar":"https://static.tigerbbs.com/a8901eea0205335d02f752d9b13e1f65","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3560144122940430","idStr":"3560144122940430"},"themes":[],"title":"","htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/887525103","repostId":"1198486138","repostType":4,"isVote":1,"tweetType":1,"viewCount":787,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":885749453,"gmtCreate":1631836652372,"gmtModify":1631890204614,"author":{"id":"3560144122940430","authorId":"3560144122940430","name":"小小爆米花","avatar":"https://static.tigerbbs.com/a8901eea0205335d02f752d9b13e1f65","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3560144122940430","idStr":"3560144122940430"},"themes":[],"title":"","htmlText":"Steady","listText":"Steady","text":"Steady","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/885749453","repostId":"1105376345","repostType":4,"repost":{"id":"1105376345","kind":"news","pubTimestamp":1631833833,"share":"https://www.laohunote.com/m/news/1105376345?lang=zh_CN&edition=full","pubTime":"2021-09-17 07:10","market":"us","language":"en","title":"S&P ends modestly lower as rising Treasury yields offset robust retail data<blockquote>由于国债收益率上升抵消了强劲的零售数据，标准普尔收盘小幅走低</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1105376345","media":"Reuters","summary":"NEW YORK (Reuters) - The S&P 500 ended slightly down on Thursday, paring losses in late trading afte","content":"<p>NEW YORK (Reuters) - The S&amp;P 500 ended slightly down on Thursday, paring losses in late trading after unexpectedly strong retail sales data underscored the strength of the U.S. economic recovery.</p><p><blockquote>路透纽约5月28日 - 标普500周四小幅收低，在意外强劲的零售销售数据凸显美国经济复苏的强劲势头后，尾盘收窄跌幅。</blockquote></p><p> The three major indexes spent much of the day in negative territory as rising U.S. Treasury yields pressured market-leading tech stocks, and the rising dollar weighed on exporters.</p><p><blockquote>由于美国国债收益率上升给市场领先的科技股带来压力，以及美元升值给出口商带来压力，三大股指当天大部分时间都处于负值区域。</blockquote></p><p> Amazon.com Inc, buoyed by solid online sales in the Commerce Department’s report, helped push the Nasdaq into positive territory.</p><p><blockquote>亚马逊公司在商务部报告中稳健的在线销售提振下，帮助纳斯达克进入正值。</blockquote></p><p> “Looking at today, clearly we had positive news from retail sales and it looks as if the massive slowdown in the economy is not materializing as a lot of people expected,” said Ryan Detrick, senior market strategist at LPL Financial in Charlotte, North Carolina.</p><p><blockquote>“北卡罗来纳州夏洛特市 LPL Financial 高级市场策略师 Ryan Detrick 说：”从今天的情况来看，我们显然收到了零售销售方面的积极消息，而且经济的大幅放缓似乎并没有像许多人预期的那样实现。</blockquote></p><p> “It’s a nice reminder that the economy is still taking two steps forward for each step back even amid the COVID concerns,” Detrick added.</p><p><blockquote>“德特里克补充说：”这很好地提醒我们，即使在 COVID 担忧的情况下，经济仍在每后退一步前进两步。</blockquote></p><p> Economically sensitive transports and microchips were among the outperformers.</p><p><blockquote>对经济敏感的运输和微芯片表现优异。</blockquote></p><p> Data released before the opening bell showed an unexpected bump in retail sales as shoppers weathered Hurricane Ida and the COVID Delta variant, evidence of resilience in the consumer, who contributes about 70% to U.S. economic growth.</p><p><blockquote>开盘前公布的数据显示，随着购物者经受住了飓风艾达和新冠病毒德尔塔变异毒株的考验，零售额意外增长，这证明了消费者的韧性，消费者对美国经济增长的贡献约为70%。</blockquote></p><p> “Once again, it shows the U.S. consumer continues to spend and continues to help this economy grow,” Detrick said.</p><p><blockquote>“德特里克说：”这再次表明美国消费者继续消费，并继续帮助经济增长。</blockquote></p><p> The Dow Jones Industrial Average fell 63.07 points, or 0.18%, to 34,751.32; the S&amp;P 500 lost 6.95 points, or 0.16%, at 4,473.75; and the Nasdaq Composite added 20.40 points, or 0.13%, at 15,181.92.</p><p><blockquote>道琼斯工业平均指数下跌63.07点，跌幅0.18%，至34,751.32点；标普500下跌 6.95 点，跌幅 0.16%，报 4,473.75 点；纳斯达克综合指数上涨 20.40 点，即 0.13%，至 15,181.92 点。</blockquote></p><p> Eight of the 11 major sectors in the S&amp;P 500 ended lower, with materials suffering the largest percentage drop.</p><p><blockquote>标普500 11个主要板块中有8个板块收盘走低，其中材料板块跌幅最大。</blockquote></p><p> The consumer discretionary spending sector posted the biggest gain, with Amazon.com doing the heavy lifting.</p><p><blockquote>非必需消费品支出行业涨幅最大，其中亚马逊承担了重任。</blockquote></p><p> Apparel company Gap Inc gained 1.6%. Online marketplace Etsy Inc and luxury accessory company Tapestry Inc rose 3.1% and 1.9%, respectively.</p><p><blockquote>服装公司 Gap Inc 上涨 1.6%。在线市场 Etsy Inc 和奢侈配饰公司 Tapestry Inc 分别上涨 3.1% 和 1.9%。</blockquote></p><p> Ford Motor Co rose 1.4% after it announced plans to boost production of its F-150 electric pickup model.</p><p><blockquote>福特汽车公司宣布计划提高 F-150 电动皮卡车型的产量，股价上涨 1.4%。</blockquote></p><p> Declining issues outnumbered advancing ones on the NYSE by a 1.27-to-1 ratio; on Nasdaq, a 1.06-to-1 ratio favored advancers.</p><p><blockquote>纽约证券交易所下跌发行量与上涨发行量的比例为 1.27 比 1；在纳斯达克，1.06比1的比率有利于进步人士。</blockquote></p><p> The S&amp;P 500 posted nine new 52-week highs and one new low; the Nasdaq Composite recorded 82 new highs and 94 new lows.</p><p><blockquote>标普500创下9个52周新高和一个新低；纳斯达克综合指数创下82个新高和94个新低。</blockquote></p><p> Volume on U.S. exchanges was 9.37 billion shares, compared with the 9.44 billion average over the last 20 trading days.</p><p><blockquote>美国交易所的成交量为 93.7 亿股，而过去 20 个交易日的平均成交量为 94.4 亿股。</blockquote></p><p></p>","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>S&P ends modestly lower as rising Treasury yields offset robust retail data<blockquote>由于国债收益率上升抵消了强劲的零售数据，标准普尔收盘小幅走低</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\">\nS&P ends modestly lower as rising Treasury yields offset robust retail data<blockquote>由于国债收益率上升抵消了强劲的零售数据，标准普尔收盘小幅走低</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Reuters</strong><span class=\"h-time small\">2021-09-17 07:10</span>\n</p>\n</h4>\n</header>\n<article>\n<p>NEW YORK (Reuters) - The S&amp;P 500 ended slightly down on Thursday, paring losses in late trading after unexpectedly strong retail sales data underscored the strength of the U.S. economic recovery.</p><p><blockquote>路透纽约5月28日 - 标普500周四小幅收低，在意外强劲的零售销售数据凸显美国经济复苏的强劲势头后，尾盘收窄跌幅。</blockquote></p><p> The three major indexes spent much of the day in negative territory as rising U.S. Treasury yields pressured market-leading tech stocks, and the rising dollar weighed on exporters.</p><p><blockquote>由于美国国债收益率上升给市场领先的科技股带来压力，以及美元升值给出口商带来压力，三大股指当天大部分时间都处于负值区域。</blockquote></p><p> Amazon.com Inc, buoyed by solid online sales in the Commerce Department’s report, helped push the Nasdaq into positive territory.</p><p><blockquote>亚马逊公司在商务部报告中稳健的在线销售提振下，帮助纳斯达克进入正值。</blockquote></p><p> “Looking at today, clearly we had positive news from retail sales and it looks as if the massive slowdown in the economy is not materializing as a lot of people expected,” said Ryan Detrick, senior market strategist at LPL Financial in Charlotte, North Carolina.</p><p><blockquote>“北卡罗来纳州夏洛特市 LPL Financial 高级市场策略师 Ryan Detrick 说：”从今天的情况来看，我们显然收到了零售销售方面的积极消息，而且经济的大幅放缓似乎并没有像许多人预期的那样实现。</blockquote></p><p> “It’s a nice reminder that the economy is still taking two steps forward for each step back even amid the COVID concerns,” Detrick added.</p><p><blockquote>“德特里克补充说：”这很好地提醒我们，即使在 COVID 担忧的情况下，经济仍在每后退一步前进两步。</blockquote></p><p> Economically sensitive transports and microchips were among the outperformers.</p><p><blockquote>对经济敏感的运输和微芯片表现优异。</blockquote></p><p> Data released before the opening bell showed an unexpected bump in retail sales as shoppers weathered Hurricane Ida and the COVID Delta variant, evidence of resilience in the consumer, who contributes about 70% to U.S. economic growth.</p><p><blockquote>开盘前公布的数据显示，随着购物者经受住了飓风艾达和新冠病毒德尔塔变异毒株的考验，零售额意外增长，这证明了消费者的韧性，消费者对美国经济增长的贡献约为70%。</blockquote></p><p> “Once again, it shows the U.S. consumer continues to spend and continues to help this economy grow,” Detrick said.</p><p><blockquote>“德特里克说：”这再次表明美国消费者继续消费，并继续帮助经济增长。</blockquote></p><p> The Dow Jones Industrial Average fell 63.07 points, or 0.18%, to 34,751.32; the S&amp;P 500 lost 6.95 points, or 0.16%, at 4,473.75; and the Nasdaq Composite added 20.40 points, or 0.13%, at 15,181.92.</p><p><blockquote>道琼斯工业平均指数下跌63.07点，跌幅0.18%，至34,751.32点；标普500下跌 6.95 点，跌幅 0.16%，报 4,473.75 点；纳斯达克综合指数上涨 20.40 点，即 0.13%，至 15,181.92 点。</blockquote></p><p> Eight of the 11 major sectors in the S&amp;P 500 ended lower, with materials suffering the largest percentage drop.</p><p><blockquote>标普500 11个主要板块中有8个板块收盘走低，其中材料板块跌幅最大。</blockquote></p><p> The consumer discretionary spending sector posted the biggest gain, with Amazon.com doing the heavy lifting.</p><p><blockquote>非必需消费品支出行业涨幅最大，其中亚马逊承担了重任。</blockquote></p><p> Apparel company Gap Inc gained 1.6%. Online marketplace Etsy Inc and luxury accessory company Tapestry Inc rose 3.1% and 1.9%, respectively.</p><p><blockquote>服装公司 Gap Inc 上涨 1.6%。在线市场 Etsy Inc 和奢侈配饰公司 Tapestry Inc 分别上涨 3.1% 和 1.9%。</blockquote></p><p> Ford Motor Co rose 1.4% after it announced plans to boost production of its F-150 electric pickup model.</p><p><blockquote>福特汽车公司宣布计划提高 F-150 电动皮卡车型的产量，股价上涨 1.4%。</blockquote></p><p> Declining issues outnumbered advancing ones on the NYSE by a 1.27-to-1 ratio; on Nasdaq, a 1.06-to-1 ratio favored advancers.</p><p><blockquote>纽约证券交易所下跌发行量与上涨发行量的比例为 1.27 比 1；在纳斯达克，1.06比1的比率有利于进步人士。</blockquote></p><p> The S&amp;P 500 posted nine new 52-week highs and one new low; the Nasdaq Composite recorded 82 new highs and 94 new lows.</p><p><blockquote>标普500创下9个52周新高和一个新低；纳斯达克综合指数创下82个新高和94个新低。</blockquote></p><p> Volume on U.S. exchanges was 9.37 billion shares, compared with the 9.44 billion average over the last 20 trading days.</p><p><blockquote>美国交易所的成交量为 93.7 亿股，而过去 20 个交易日的平均成交量为 94.4 亿股。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.reuters.com/article/usa-stocks/us-stocks-sp-ends-modestly-lower-as-rising-treasury-yields-offset-robust-retail-data-idUSL1N2QI2MB\">Reuters</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":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"https://www.reuters.com/article/usa-stocks/us-stocks-sp-ends-modestly-lower-as-rising-treasury-yields-offset-robust-retail-data-idUSL1N2QI2MB","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1105376345","content_text":"NEW YORK (Reuters) - The S&P 500 ended slightly down on Thursday, paring losses in late trading after unexpectedly strong retail sales data underscored the strength of the U.S. economic recovery.\nThe three major indexes spent much of the day in negative territory as rising U.S. Treasury yields pressured market-leading tech stocks, and the rising dollar weighed on exporters.\nAmazon.com Inc, buoyed by solid online sales in the Commerce Department’s report, helped push the Nasdaq into positive territory.\n“Looking at today, clearly we had positive news from retail sales and it looks as if the massive slowdown in the economy is not materializing as a lot of people expected,” said Ryan Detrick, senior market strategist at LPL Financial in Charlotte, North Carolina.\n“It’s a nice reminder that the economy is still taking two steps forward for each step back even amid the COVID concerns,” Detrick added.\nEconomically sensitive transports and microchips were among the outperformers.\nData released before the opening bell showed an unexpected bump in retail sales as shoppers weathered Hurricane Ida and the COVID Delta variant, evidence of resilience in the consumer, who contributes about 70% to U.S. economic growth.\n“Once again, it shows the U.S. consumer continues to spend and continues to help this economy grow,” Detrick said.\nThe Dow Jones Industrial Average fell 63.07 points, or 0.18%, to 34,751.32; the S&P 500 lost 6.95 points, or 0.16%, at 4,473.75; and the Nasdaq Composite added 20.40 points, or 0.13%, at 15,181.92.\nEight of the 11 major sectors in the S&P 500 ended lower, with materials suffering the largest percentage drop.\nThe consumer discretionary spending sector posted the biggest gain, with Amazon.com doing the heavy lifting.\nApparel company Gap Inc gained 1.6%. Online marketplace Etsy Inc and luxury accessory company Tapestry Inc rose 3.1% and 1.9%, respectively.\nFord Motor Co rose 1.4% after it announced plans to boost production of its F-150 electric pickup model.\nDeclining issues outnumbered advancing ones on the NYSE by a 1.27-to-1 ratio; on Nasdaq, a 1.06-to-1 ratio favored advancers.\nThe S&P 500 posted nine new 52-week highs and one new low; the Nasdaq Composite recorded 82 new highs and 94 new lows.\nVolume on U.S. exchanges was 9.37 billion shares, compared with the 9.44 billion average over the last 20 trading days.","news_type":1,"symbols_score_info":{".IXIC":0.9,".SPX":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":917,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":882871678,"gmtCreate":1631679056794,"gmtModify":1631890204618,"author":{"id":"3560144122940430","authorId":"3560144122940430","name":"小小爆米花","avatar":"https://static.tigerbbs.com/a8901eea0205335d02f752d9b13e1f65","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3560144122940430","idStr":"3560144122940430"},"themes":[],"title":"","htmlText":"Rebound today?","listText":"Rebound today?","text":"Rebound today?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/882871678","repostId":"1148341685","repostType":4,"repost":{"id":"1148341685","kind":"news","pubTimestamp":1631660884,"share":"https://www.laohunote.com/m/news/1148341685?lang=zh_CN&edition=full","pubTime":"2021-09-15 07:08","market":"us","language":"en","title":"U.S. stocks close lower on worries over recovery, corporate tax hikes<blockquote>由于对经济复苏和企业增税的担忧，美国股市收盘走低</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1148341685","media":"Reuters","summary":"NEW YORK (Reuters) - Wall Street lost ground on Tuesday as economic uncertainties and the increasing","content":"<p>NEW YORK (Reuters) - Wall Street lost ground on Tuesday as economic uncertainties and the increasing likelihood of a corporate tax rate hike dampened investor sentiment and prompted a broad sell-off despite signs of easing inflation.</p><p><blockquote>纽约（路透社） - 尽管有通胀放缓的迹象，但经济不确定性和企业税率上调的可能性不断增加抑制了投资者情绪，并引发了广泛的抛售，华尔街周二下跌。</blockquote></p><p> Optimism faded throughout the session, reversing an initial rally following the Labor Department’s consumer price index report. All three major U.S. stock indexes ended in negative territory in a reminder that September is a historically rough month for stocks.</p><p><blockquote>乐观情绪在整个交易日逐渐消退，扭转了劳工部发布消费者价格指数报告后最初的反弹势头。美国三大股指均以负值收盘，这提醒人们，9 月份是股市历史上最艰难的一个月。</blockquote></p><p> So far this month the S&amp;P 500 is down nearly 1.8% even as the benchmark index has gained over 18% since the beginning of the year.</p><p><blockquote>本月到目前为止，标普500下跌了近1.8%，尽管基准指数自年初以来已上涨超过18%。</blockquote></p><p> “There is a possibility that the market is simply ready to go through an overdue correction,” said Sam Stovall, chief investment strategist at CFRA Research in New York. “From a seasonality perspective, September tends to be the window dressing period for fund managers.”</p><p><blockquote>“纽约 CFRA Research 首席投资策略师 Sam Stovall 说：”市场有可能只是准备好经历一场迟来的调整。“从季节性来看，9月份往往是基金经理的窗口期。”</blockquote></p><p> The advent of the highly contagious Delta COVID variant has driven an increase in bearish sentiment regarding the recovery from the global health crisis, and many now expect a substantial correction in stock markets by the end of the year.</p><p><blockquote>高度传染性的Delta COVID变种的出现推动了对全球健康危机复苏的看跌情绪的增加，许多人现在预计股市将在今年年底前大幅调整。</blockquote></p><p> “We’re still in a corrective mode that people have been calling for months,” said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago. “Economic data points have been missing estimates, and that has coincided with the rise in the Delta variant.”</p><p><blockquote>“芝加哥 Kingsview Asset Management 的投资组合经理保罗-诺尔特（Paul Nolte）说：”我们仍处于人们几个月来一直呼吁的纠正模式。“经济数据点一直低于预期，而这恰逢德尔塔变异毒株的上升”。</blockquote></p><p> The CPI report delivered a lower-than-consensus August reading, a deceleration that supports Federal Reserve Chairman Jerome Powell’s assertion that spiking inflation is transitory and calms market fears that the central bank will begin tightening monetary policy sooner than expected.</p><p><blockquote>CPI报告公布的8月份数据低于共识，这一放缓支持了美联储主席杰罗姆-鲍威尔（Jerome Powell）的断言，即通胀飙升是暂时的，并平息了市场对央行将比预期更早开始收紧货币政策的担忧。</blockquote></p><p> U.S. Treasury yields dropped on the data, which pressured financial stocks, and investor favor pivoted back to growth at the expense of value. [US/]</p><p><blockquote>数据显示，美国国债收益率下降，给金融股带来压力，投资者的青睐以牺牲价值为代价重新转向增长。[美国/]</blockquote></p><p> The long expected corporate tax hikes, to 26.5% from 21% if Democrats prevail, are coming nearer to fruition with U.S. President Joe Biden’s $3.5 trillion budget package inching closer to passage.</p><p><blockquote>随着美国总统乔-拜登（Joe Biden）的 3.5 万亿美元预算方案逐渐接近通过，人们期待已久的企业税上调幅度将从 21% 提高到 26.5%。</blockquote></p><p> The Dow Jones Industrial Average fell 292.06 points, or 0.84%, to 34,577.57; the S&amp;P 500 lost 25.68 points, or 0.57%, at 4,443.05; and the Nasdaq Composite dropped 67.82 points, or 0.45%, to 15,037.76.</p><p><blockquote>道琼斯工业平均指数下跌292.06点，跌幅0.84%，报34,577.57点；标普500下跌25.68点，跌幅0.57%，报4,443.05点；纳斯达克综合指数下跌 67.82 点，跌幅 0.45%，至 15,037.76 点。</blockquote></p><p> All 11 major sectors in the S&amp;P 500 ended the session red, with energy and financials suffering the largest percentage drops.</p><p><blockquote>标普500 11个主要板块全部收红，其中能源和金融板块跌幅最大。</blockquote></p><p> Apple Inc unveiled its iPhone 13 and added new features to its iPad and Apple Watch gadgets in its biggest product launch event of the year as the company faces increased scrutiny in the courts over its business practices. Its shares closed down 1.0% and were the heaviest drag on the S&amp;P 500 and the Nasdaq.</p><p><blockquote>苹果公司在今年最大的产品发布会上推出了 iPhone 13，并为其 iPad 和苹果手表设备添加了新功能，因为该公司面临着法院对其商业行为日益严格的审查。其股价收盘下跌 1.0%，是标普500和纳斯达克最大的拖累。</blockquote></p><p> Intuit Inc gained 1.9% following the TurboTax maker’s announcement that it would acquire digital marketing company Mailchimp for $12 billion.</p><p><blockquote>Intuit Inc 上涨了 1.9%，此前这家涡轮税制造商宣布将以 120 亿美元收购数字营销公司 Mailchimp。</blockquote></p><p> CureVac slid 8.0% after the German biotechnology company canceled manufacturing deals for its experimental COVID-19 vaccine.</p><p><blockquote>德国生物技术公司 CureVac 取消其实验性 COVID-19 疫苗的生产交易后，股价下跌 8.0%。</blockquote></p><p> Declining issues outnumbered advancing ones on the NYSE by a 2.25-to-1 ratio; on Nasdaq, a 2.40-to-1 ratio favored decliners.</p><p><blockquote>纽约证券交易所下跌发行量与上涨发行量的比例为 2.25 比 1；在纳斯达克，2.40 比 1 的比率有利于下跌者。</blockquote></p><p> The S&amp;P 500 posted two new 52-week highs and two new lows; the Nasdaq Composite recorded 50 new highs and 107 new lows.</p><p><blockquote>标普500创下两个52周新高和两个新低；纳斯达克综合指数创下50个新高和107个新低。</blockquote></p><p> Volume on U.S. exchanges was 10.07 billion shares, compared with the 9.38 billion average over the last 20 trading days.</p><p><blockquote>美国交易所的成交量为 100.7 亿股，而过去 20 个交易日的平均成交量为 93.8 亿股。</blockquote></p><p></p>","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>U.S. stocks close lower on worries over recovery, corporate tax hikes<blockquote>由于对经济复苏和企业增税的担忧，美国股市收盘走低</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; 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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\">\nU.S. stocks close lower on worries over recovery, corporate tax hikes<blockquote>由于对经济复苏和企业增税的担忧，美国股市收盘走低</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Reuters</strong><span class=\"h-time small\">2021-09-15 07:08</span>\n</p>\n</h4>\n</header>\n<article>\n<p>NEW YORK (Reuters) - Wall Street lost ground on Tuesday as economic uncertainties and the increasing likelihood of a corporate tax rate hike dampened investor sentiment and prompted a broad sell-off despite signs of easing inflation.</p><p><blockquote>纽约（路透社） - 尽管有通胀放缓的迹象，但经济不确定性和企业税率上调的可能性不断增加抑制了投资者情绪，并引发了广泛的抛售，华尔街周二下跌。</blockquote></p><p> Optimism faded throughout the session, reversing an initial rally following the Labor Department’s consumer price index report. All three major U.S. stock indexes ended in negative territory in a reminder that September is a historically rough month for stocks.</p><p><blockquote>乐观情绪在整个交易日逐渐消退，扭转了劳工部发布消费者价格指数报告后最初的反弹势头。美国三大股指均以负值收盘，这提醒人们，9 月份是股市历史上最艰难的一个月。</blockquote></p><p> So far this month the S&amp;P 500 is down nearly 1.8% even as the benchmark index has gained over 18% since the beginning of the year.</p><p><blockquote>本月到目前为止，标普500下跌了近1.8%，尽管基准指数自年初以来已上涨超过18%。</blockquote></p><p> “There is a possibility that the market is simply ready to go through an overdue correction,” said Sam Stovall, chief investment strategist at CFRA Research in New York. “From a seasonality perspective, September tends to be the window dressing period for fund managers.”</p><p><blockquote>“纽约 CFRA Research 首席投资策略师 Sam Stovall 说：”市场有可能只是准备好经历一场迟来的调整。“从季节性来看，9月份往往是基金经理的窗口期。”</blockquote></p><p> The advent of the highly contagious Delta COVID variant has driven an increase in bearish sentiment regarding the recovery from the global health crisis, and many now expect a substantial correction in stock markets by the end of the year.</p><p><blockquote>高度传染性的Delta COVID变种的出现推动了对全球健康危机复苏的看跌情绪的增加，许多人现在预计股市将在今年年底前大幅调整。</blockquote></p><p> “We’re still in a corrective mode that people have been calling for months,” said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago. “Economic data points have been missing estimates, and that has coincided with the rise in the Delta variant.”</p><p><blockquote>“芝加哥 Kingsview Asset Management 的投资组合经理保罗-诺尔特（Paul Nolte）说：”我们仍处于人们几个月来一直呼吁的纠正模式。“经济数据点一直低于预期，而这恰逢德尔塔变异毒株的上升”。</blockquote></p><p> The CPI report delivered a lower-than-consensus August reading, a deceleration that supports Federal Reserve Chairman Jerome Powell’s assertion that spiking inflation is transitory and calms market fears that the central bank will begin tightening monetary policy sooner than expected.</p><p><blockquote>CPI报告公布的8月份数据低于共识，这一放缓支持了美联储主席杰罗姆-鲍威尔（Jerome Powell）的断言，即通胀飙升是暂时的，并平息了市场对央行将比预期更早开始收紧货币政策的担忧。</blockquote></p><p> U.S. Treasury yields dropped on the data, which pressured financial stocks, and investor favor pivoted back to growth at the expense of value. [US/]</p><p><blockquote>数据显示，美国国债收益率下降，给金融股带来压力，投资者的青睐以牺牲价值为代价重新转向增长。[美国/]</blockquote></p><p> The long expected corporate tax hikes, to 26.5% from 21% if Democrats prevail, are coming nearer to fruition with U.S. President Joe Biden’s $3.5 trillion budget package inching closer to passage.</p><p><blockquote>随着美国总统乔-拜登（Joe Biden）的 3.5 万亿美元预算方案逐渐接近通过，人们期待已久的企业税上调幅度将从 21% 提高到 26.5%。</blockquote></p><p> The Dow Jones Industrial Average fell 292.06 points, or 0.84%, to 34,577.57; the S&amp;P 500 lost 25.68 points, or 0.57%, at 4,443.05; and the Nasdaq Composite dropped 67.82 points, or 0.45%, to 15,037.76.</p><p><blockquote>道琼斯工业平均指数下跌292.06点，跌幅0.84%，报34,577.57点；标普500下跌25.68点，跌幅0.57%，报4,443.05点；纳斯达克综合指数下跌 67.82 点，跌幅 0.45%，至 15,037.76 点。</blockquote></p><p> All 11 major sectors in the S&amp;P 500 ended the session red, with energy and financials suffering the largest percentage drops.</p><p><blockquote>标普500 11个主要板块全部收红，其中能源和金融板块跌幅最大。</blockquote></p><p> Apple Inc unveiled its iPhone 13 and added new features to its iPad and Apple Watch gadgets in its biggest product launch event of the year as the company faces increased scrutiny in the courts over its business practices. Its shares closed down 1.0% and were the heaviest drag on the S&amp;P 500 and the Nasdaq.</p><p><blockquote>苹果公司在今年最大的产品发布会上推出了 iPhone 13，并为其 iPad 和苹果手表设备添加了新功能，因为该公司面临着法院对其商业行为日益严格的审查。其股价收盘下跌 1.0%，是标普500和纳斯达克最大的拖累。</blockquote></p><p> Intuit Inc gained 1.9% following the TurboTax maker’s announcement that it would acquire digital marketing company Mailchimp for $12 billion.</p><p><blockquote>Intuit Inc 上涨了 1.9%，此前这家涡轮税制造商宣布将以 120 亿美元收购数字营销公司 Mailchimp。</blockquote></p><p> CureVac slid 8.0% after the German biotechnology company canceled manufacturing deals for its experimental COVID-19 vaccine.</p><p><blockquote>德国生物技术公司 CureVac 取消其实验性 COVID-19 疫苗的生产交易后，股价下跌 8.0%。</blockquote></p><p> Declining issues outnumbered advancing ones on the NYSE by a 2.25-to-1 ratio; on Nasdaq, a 2.40-to-1 ratio favored decliners.</p><p><blockquote>纽约证券交易所下跌发行量与上涨发行量的比例为 2.25 比 1；在纳斯达克，2.40 比 1 的比率有利于下跌者。</blockquote></p><p> The S&amp;P 500 posted two new 52-week highs and two new lows; the Nasdaq Composite recorded 50 new highs and 107 new lows.</p><p><blockquote>标普500创下两个52周新高和两个新低；纳斯达克综合指数创下50个新高和107个新低。</blockquote></p><p> Volume on U.S. exchanges was 10.07 billion shares, compared with the 9.38 billion average over the last 20 trading days.</p><p><blockquote>美国交易所的成交量为 100.7 亿股，而过去 20 个交易日的平均成交量为 93.8 亿股。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.reuters.com/article/usa-stocks/u-s-stocks-close-lower-on-worries-over-recovery-corporate-tax-hikes-idUSKBN2GA0W9\">Reuters</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":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://www.reuters.com/article/usa-stocks/u-s-stocks-close-lower-on-worries-over-recovery-corporate-tax-hikes-idUSKBN2GA0W9","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1148341685","content_text":"NEW YORK (Reuters) - Wall Street lost ground on Tuesday as economic uncertainties and the increasing likelihood of a corporate tax rate hike dampened investor sentiment and prompted a broad sell-off despite signs of easing inflation.\nOptimism faded throughout the session, reversing an initial rally following the Labor Department’s consumer price index report. All three major U.S. stock indexes ended in negative territory in a reminder that September is a historically rough month for stocks.\nSo far this month the S&P 500 is down nearly 1.8% even as the benchmark index has gained over 18% since the beginning of the year.\n“There is a possibility that the market is simply ready to go through an overdue correction,” said Sam Stovall, chief investment strategist at CFRA Research in New York. “From a seasonality perspective, September tends to be the window dressing period for fund managers.”\nThe advent of the highly contagious Delta COVID variant has driven an increase in bearish sentiment regarding the recovery from the global health crisis, and many now expect a substantial correction in stock markets by the end of the year.\n“We’re still in a corrective mode that people have been calling for months,” said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago. “Economic data points have been missing estimates, and that has coincided with the rise in the Delta variant.”\nThe CPI report delivered a lower-than-consensus August reading, a deceleration that supports Federal Reserve Chairman Jerome Powell’s assertion that spiking inflation is transitory and calms market fears that the central bank will begin tightening monetary policy sooner than expected.\nU.S. Treasury yields dropped on the data, which pressured financial stocks, and investor favor pivoted back to growth at the expense of value. [US/]\nThe long expected corporate tax hikes, to 26.5% from 21% if Democrats prevail, are coming nearer to fruition with U.S. President Joe Biden’s $3.5 trillion budget package inching closer to passage.\nThe Dow Jones Industrial Average fell 292.06 points, or 0.84%, to 34,577.57; the S&P 500 lost 25.68 points, or 0.57%, at 4,443.05; and the Nasdaq Composite dropped 67.82 points, or 0.45%, to 15,037.76.\nAll 11 major sectors in the S&P 500 ended the session red, with energy and financials suffering the largest percentage drops.\nApple Inc unveiled its iPhone 13 and added new features to its iPad and Apple Watch gadgets in its biggest product launch event of the year as the company faces increased scrutiny in the courts over its business practices. Its shares closed down 1.0% and were the heaviest drag on the S&P 500 and the Nasdaq.\nIntuit Inc gained 1.9% following the TurboTax maker’s announcement that it would acquire digital marketing company Mailchimp for $12 billion.\nCureVac slid 8.0% after the German biotechnology company canceled manufacturing deals for its experimental COVID-19 vaccine.\nDeclining issues outnumbered advancing ones on the NYSE by a 2.25-to-1 ratio; on Nasdaq, a 2.40-to-1 ratio favored decliners.\nThe S&P 500 posted two new 52-week highs and two new lows; the Nasdaq Composite recorded 50 new highs and 107 new lows.\nVolume on U.S. exchanges was 10.07 billion shares, compared with the 9.38 billion average over the last 20 trading days.","news_type":1,"symbols_score_info":{".SPX":0.9,".IXIC":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":1053,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":882360324,"gmtCreate":1631662399268,"gmtModify":1631890204622,"author":{"id":"3560144122940430","authorId":"3560144122940430","name":"小小爆米花","avatar":"https://static.tigerbbs.com/a8901eea0205335d02f752d9b13e1f65","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3560144122940430","idStr":"3560144122940430"},"themes":[],"title":"","htmlText":"Wow&nbsp;","listText":"Wow&nbsp;","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/882360324","repostId":"2167135568","repostType":4,"isVote":1,"tweetType":1,"viewCount":924,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":886740417,"gmtCreate":1631627890639,"gmtModify":1631890204624,"author":{"id":"3560144122940430","authorId":"3560144122940430","name":"小小爆米花","avatar":"https://static.tigerbbs.com/a8901eea0205335d02f752d9b13e1f65","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3560144122940430","idStr":"3560144122940430"},"themes":[],"title":"","htmlText":"Buy or bye","listText":"Buy or bye","text":"Buy or bye","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/886740417","repostId":"2167569485","repostType":4,"isVote":1,"tweetType":1,"viewCount":595,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":886740696,"gmtCreate":1631627867415,"gmtModify":1631890204631,"author":{"id":"3560144122940430","authorId":"3560144122940430","name":"小小爆米花","avatar":"https://static.tigerbbs.com/a8901eea0205335d02f752d9b13e1f65","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3560144122940430","idStr":"3560144122940430"},"themes":[],"title":"","htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/886740696","repostId":"1134188093","repostType":4,"isVote":1,"tweetType":1,"viewCount":913,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":886067508,"gmtCreate":1631540074904,"gmtModify":1631890204631,"author":{"id":"3560144122940430","authorId":"3560144122940430","name":"小小爆米花","avatar":"https://static.tigerbbs.com/a8901eea0205335d02f752d9b13e1f65","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3560144122940430","idStr":"3560144122940430"},"themes":[],"title":"","htmlText":"Up or down","listText":"Up or down","text":"Up or down","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/886067508","repostId":"2166303094","repostType":4,"isVote":1,"tweetType":1,"viewCount":941,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":888059813,"gmtCreate":1631415714232,"gmtModify":1631890204634,"author":{"id":"3560144122940430","authorId":"3560144122940430","name":"小小爆米花","avatar":"https://static.tigerbbs.com/a8901eea0205335d02f752d9b13e1f65","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3560144122940430","idStr":"3560144122940430"},"themes":[],"title":"","htmlText":"Wow. Nice&nbsp;","listText":"Wow. Nice&nbsp;","text":"Wow. Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/888059813","repostId":"1189654544","repostType":4,"repost":{"id":"1189654544","kind":"news","pubTimestamp":1631406130,"share":"https://www.laohunote.com/m/news/1189654544?lang=zh_CN&edition=full","pubTime":"2021-09-12 08:22","market":"us","language":"en","title":"US IPO Week Ahead: The Fall IPO market kicks off with a 10 IPO week<blockquote>美国 IPO 周即将到来：秋季 IPO 市场以第 10 周 IPO 拉开帷幕</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1189654544","media":"Renaissance Capital","summary":"After a wave of launches in the short holiday week, 10 IPOs are scheduled to raise over $3 billion i","content":"<p>After a wave of launches in the short holiday week, 10 IPOs are scheduled to raise over $3 billion in the week ahead.</p><p><blockquote>在短暂的假期周经历了一波上市浪潮后，未来一周将有 10 起 IPO 计划筹集超过 30 亿美元。</blockquote></p><p> Tech consultancy&nbsp;<b>Thoughtworks</b>(TWKS) plans to raise $700 million at a $6.3 billion market cap. This agile software developer provides premium, end-to-end digital strategy, design, and engineering services to more than 300 enterprise customers. The company grew revenue at a 14% CAGR from 2017 to 2020, and expanded margins in 2020 and the 1H21.</p><p><blockquote>技术咨询<b>思想作品</b>(TWKS) 计划以 63 亿美元的市值筹集 7 亿美元。这家敏捷软件开发商为300多家企业客户提供优质的端到端数字战略、设计和工程服务。从2017年到2020年，该公司的收入以14%的CAGR增长，并在2020年和2021年上半年扩大了利润率。</blockquote></p><p> Swiss running shoe brand&nbsp;<b>On Holding</b>(ONON) plans to raise $591 million at a $5.9 billion market cap. On is a global provider of premium athletic footwear, apparel, and accessories that are designed using sustainable materials and its proprietary technology. The company has demonstrated growth and profitability, though it faces significant competition from other well-known sportswear brands.</p><p><blockquote>瑞士跑鞋品牌<b>关于持有</b>(ONON) 计划以 59 亿美元的市值筹集 5.91 亿美元。On是一家使用可持续材料及其专有技术设计的优质运动鞋、服装和配件的全球供应商。该公司已表现出增长和盈利能力，尽管它面临来自其他知名运动服装品牌的激烈竞争。</blockquote></p><p> After ending talks to go public via SPAC,<b>Sportradar Group</b>(SRAD) plans to raise $504 million at a $7.9 billion market cap. Covering over 750,000 events annually across 83 sports, this Swiss company provides software, data, and content to sports leagues, betting operators, and media companies. Sportradar is profitable, and growth accelerated in the 1H21 as live sports resumed.</p><p><blockquote>在结束通过特殊目的收购公司上市的谈判后，<b>体育雷达集团</b>(SRAD) 计划以 79 亿美元的市值筹集 5.04 亿美元。这家瑞士公司每年报道83个体育项目的750,000多场赛事，为体育联盟、博彩运营商和媒体公司提供软件、数据和内容。Sportradar 实现了盈利，随着体育直播的恢复，2021 年上半年增长加速。</blockquote></p><p> Drive-thru coffee chain&nbsp;<b>Dutch Bros</b>(BROS) plans to raise $400 million at a $3.3 billion market cap. This Oregon-based company has a chain of 471 drive-thru coffee shops in the Western US, and it has been able to maintain a track record of same-store sales growth as it has expanded to new states. Insiders received pre-IPO dividends and will sell shares back to the company.</p><p><blockquote>得来速咖啡连锁店<b>荷兰兄弟</b>(BROS) 计划以 33 亿美元的市值筹集 4 亿美元。这家总部位于俄勒冈州的公司在美国西部拥有471家得来速咖啡店连锁店，随着向新州扩张，它能够保持同店销售增长的记录。内部人士收到了IPO前股息，并将把股票卖回给公司。</blockquote></p><p> Healthcare intelligence platform&nbsp;<b>Definitive Healthcare</b>(DH) plans to raise $350 million at a $3.3 billion market cap. This company provides a healthcare commercial intelligence and analytics platform, helping its customers to analyze, navigate, and sell into the complex healthcare ecosystem. Unprofitable with strong growth, Definitive Healthcare will be leveraged post-IPO.</p><p><blockquote>医疗智能平台<b>终极医疗保健</b>（卫生署）计划以33亿元的市值筹集3.5亿元。该公司提供医疗保健商业智能和分析平台，帮助其客户分析、导航和销售到复杂的医疗保健生态系统。由于增长强劲，Definitive Healthcare 未盈利，IPO 后将受到杠杆作用。</blockquote></p><p> Identity management platform&nbsp;<b>ForgeRock</b>(FORG) plans to raise $248 million at a $2.1 billion market cap. The company provides identity and access management software, with a platform to provision, authenticate, and govern all types of digital identities. Unprofitable with high sales and marketing expenses, ForgeRock is a leading next-gen provider in the multi-billion-dollar identity and access market.</p><p><blockquote>身份管理平台<b>伪岩</b>(FORG) 计划以 21 亿美元的市值筹集 2.48 亿美元。该公司提供身份和访问管理软件，以及一个提供、认证和管理所有类型数字身份的平台。由于销售和营销费用高昂，ForgeRock 无利可图，是价值数十亿美元的身份和访问市场中领先的下一代提供商。</blockquote></p><p> Immunology biotech&nbsp;<b>DICE Therapeutics</b>(DICE) plans to raise $160 million at a $550 million market cap. This biotech is developing oral small molecule therapies to treat chronic diseases in immunology and other therapeutic areas. DICE plans to initiate a Phase 1 trial of its lead candidate S011806, an oral antagonist with a variety of immunology indications.</p><p><blockquote>免疫生物技术<b>骰子治疗</b>(DICE) 计划以 5.5 亿美元的市值筹集 1.6 亿美元。这家生物技术公司正在开发口服小分子疗法，以治疗免疫学和其他治疗领域的慢性疾病。DICE计划启动其主要候选药物S011806的1期试验，这是一种具有多种免疫学适应症的口服拮抗剂。</blockquote></p><p> Surgical robotics developer&nbsp;<b>PROCEPT BioRobotics</b>(PRCT) plans to raise $127 million at a $1.1 billion market cap. This commercial-stage company develops surgical robotic systems for minimally-invasive urologic surgery with an initial focus on treating benign prostatic hyperplasia. PROCEPT BioRobotics is highly unprofitable and saw revenue increase more than sixfold in the 1H21.</p><p><blockquote>手术机器人开发商<b>生物机器人方案</b>(PRCT) 计划以 11 亿美元的市值筹集 1.27 亿美元。这家商业阶段的公司开发用于微创泌尿外科手术的手术机器人系统，最初重点是治疗良性前列腺增生。PROCEPT BioRobotics 严重无利可图，2021 年上半年收入增长了六倍多。</blockquote></p><p> Oncology biotech&nbsp;<b>Tyra Biosciences</b>(TYRA) plans to raise $101 million at a $584 million market cap. This preclinical biotech is developing FGFR kinase inhibitors for cancer, specifically solid tumors. Tyra’s lead candidate is initially focused on bladder cancer, and the company expects to submit an IND for it in mid-2022.</p><p><blockquote>肿瘤生物技术<b>泰拉生物科学</b>(TYRA) 计划以 5.84 亿美元的市值筹集 1.01 亿美元。这家临床前生物技术公司正在开发用于癌症，特别是实体瘤的 FGFR 激酶抑制剂。Tyra 的主要候选药物最初专注于膀胱癌，该公司预计将在 2022 年年中提交该药物的 IND。</blockquote></p><p> Micro-cap gas delivery service&nbsp;<b>EzFill Holdings</b>(EZFL) plans to raise $25 million at a $104 million market cap. This mobile-fueling company provides an on-demand fuel delivery service in Florida via mobile app. Highly unprofitable with explosive growth, EzFill states that it is the dominant player in the South Florida market.</p><p><blockquote>微型气体输送服务<b>埃兹菲尔控股</b>（EZFL）计划以1.04亿美元的市值筹集2500万美元。这家移动加油公司通过移动应用程序在佛罗里达州提供按需加油服务。EzFill 表示，它是南佛罗里达市场的主导者，但由于增长迅速，利润极高，因此它是南佛罗里达市场的主导者。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/718698ff98644c4026f32efe91d076c6\" tg-width=\"1128\" tg-height=\"684\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/97fe13300d9e4cf61effc59b9706776a\" tg-width=\"1129\" tg-height=\"247\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <b>IPO Market Snapshot</b></p><p><blockquote><b>IPO市场快照</b></blockquote></p><p> The Renaissance IPO Indices are market cap weighted baskets of newly public companies. As of 9/9/21, the Renaissance IPO Index was up 7.7% year-to-date, while the S&amp;P 500 was up 19.6%. Renaissance Capital's IPO ETF (NYSE: IPO) tracks the index, and top ETF holdings include Snowflake (SNOW) and Palantir Technologies (PLTR). The Renaissance International IPO Index was down 11.0% year-to-date, while the ACWX was up 10.0%. Renaissance Capital’s International IPO ETF (NYSE: IPOS) tracks the index, and top ETF holdings include Smoore International and EQT Partners.</p><p><blockquote>文艺复兴IPO指数是新上市公司的市值加权篮子。截至21年9月9日，文艺复兴IPO指数年初至今上涨7.7%，而标普500上涨19.6%。Renaissance Capital 的 IPO ETF（纽约证券交易所股票代码：IPO）追踪该指数，持有量最大的 ETF 包括 Snowflake (SNOW) 和 Palantir Technologies (PLTR)。Renaissance International IPO 指数今年迄今下跌 11.0%，而 ACWX 指数上涨 10.0%。Renaissance Capital 的国际 IPO ETF（纽约证券交易所股票代码：IPOS）追踪该指数，持有的 ETF 包括 Smoore International 和 EQT Partners。</blockquote></p><p></p>","source":"lsy1603787993745","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>US IPO Week Ahead: The Fall IPO market kicks off with a 10 IPO week<blockquote>美国 IPO 周即将到来：秋季 IPO 市场以第 10 周 IPO 拉开帷幕</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\">\nUS IPO Week Ahead: The Fall IPO market kicks off with a 10 IPO week<blockquote>美国 IPO 周即将到来：秋季 IPO 市场以第 10 周 IPO 拉开帷幕</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Renaissance Capital</strong><span class=\"h-time small\">2021-09-12 08:22</span>\n</p>\n</h4>\n</header>\n<article>\n<p>After a wave of launches in the short holiday week, 10 IPOs are scheduled to raise over $3 billion in the week ahead.</p><p><blockquote>在短暂的假期周经历了一波上市浪潮后，未来一周将有 10 起 IPO 计划筹集超过 30 亿美元。</blockquote></p><p> Tech consultancy&nbsp;<b>Thoughtworks</b>(TWKS) plans to raise $700 million at a $6.3 billion market cap. This agile software developer provides premium, end-to-end digital strategy, design, and engineering services to more than 300 enterprise customers. The company grew revenue at a 14% CAGR from 2017 to 2020, and expanded margins in 2020 and the 1H21.</p><p><blockquote>技术咨询<b>思想作品</b>(TWKS) 计划以 63 亿美元的市值筹集 7 亿美元。这家敏捷软件开发商为300多家企业客户提供优质的端到端数字战略、设计和工程服务。从2017年到2020年，该公司的收入以14%的CAGR增长，并在2020年和2021年上半年扩大了利润率。</blockquote></p><p> Swiss running shoe brand&nbsp;<b>On Holding</b>(ONON) plans to raise $591 million at a $5.9 billion market cap. On is a global provider of premium athletic footwear, apparel, and accessories that are designed using sustainable materials and its proprietary technology. The company has demonstrated growth and profitability, though it faces significant competition from other well-known sportswear brands.</p><p><blockquote>瑞士跑鞋品牌<b>关于持有</b>(ONON) 计划以 59 亿美元的市值筹集 5.91 亿美元。On是一家使用可持续材料及其专有技术设计的优质运动鞋、服装和配件的全球供应商。该公司已表现出增长和盈利能力，尽管它面临来自其他知名运动服装品牌的激烈竞争。</blockquote></p><p> After ending talks to go public via SPAC,<b>Sportradar Group</b>(SRAD) plans to raise $504 million at a $7.9 billion market cap. Covering over 750,000 events annually across 83 sports, this Swiss company provides software, data, and content to sports leagues, betting operators, and media companies. Sportradar is profitable, and growth accelerated in the 1H21 as live sports resumed.</p><p><blockquote>在结束通过特殊目的收购公司上市的谈判后，<b>体育雷达集团</b>(SRAD) 计划以 79 亿美元的市值筹集 5.04 亿美元。这家瑞士公司每年报道83个体育项目的750,000多场赛事，为体育联盟、博彩运营商和媒体公司提供软件、数据和内容。Sportradar 实现了盈利，随着体育直播的恢复，2021 年上半年增长加速。</blockquote></p><p> Drive-thru coffee chain&nbsp;<b>Dutch Bros</b>(BROS) plans to raise $400 million at a $3.3 billion market cap. This Oregon-based company has a chain of 471 drive-thru coffee shops in the Western US, and it has been able to maintain a track record of same-store sales growth as it has expanded to new states. Insiders received pre-IPO dividends and will sell shares back to the company.</p><p><blockquote>得来速咖啡连锁店<b>荷兰兄弟</b>(BROS) 计划以 33 亿美元的市值筹集 4 亿美元。这家总部位于俄勒冈州的公司在美国西部拥有471家得来速咖啡店连锁店，随着向新州扩张，它能够保持同店销售增长的记录。内部人士收到了IPO前股息，并将把股票卖回给公司。</blockquote></p><p> Healthcare intelligence platform&nbsp;<b>Definitive Healthcare</b>(DH) plans to raise $350 million at a $3.3 billion market cap. This company provides a healthcare commercial intelligence and analytics platform, helping its customers to analyze, navigate, and sell into the complex healthcare ecosystem. Unprofitable with strong growth, Definitive Healthcare will be leveraged post-IPO.</p><p><blockquote>医疗智能平台<b>终极医疗保健</b>（卫生署）计划以33亿元的市值筹集3.5亿元。该公司提供医疗保健商业智能和分析平台，帮助其客户分析、导航和销售到复杂的医疗保健生态系统。由于增长强劲，Definitive Healthcare 未盈利，IPO 后将受到杠杆作用。</blockquote></p><p> Identity management platform&nbsp;<b>ForgeRock</b>(FORG) plans to raise $248 million at a $2.1 billion market cap. The company provides identity and access management software, with a platform to provision, authenticate, and govern all types of digital identities. Unprofitable with high sales and marketing expenses, ForgeRock is a leading next-gen provider in the multi-billion-dollar identity and access market.</p><p><blockquote>身份管理平台<b>伪岩</b>(FORG) 计划以 21 亿美元的市值筹集 2.48 亿美元。该公司提供身份和访问管理软件，以及一个提供、认证和管理所有类型数字身份的平台。由于销售和营销费用高昂，ForgeRock 无利可图，是价值数十亿美元的身份和访问市场中领先的下一代提供商。</blockquote></p><p> Immunology biotech&nbsp;<b>DICE Therapeutics</b>(DICE) plans to raise $160 million at a $550 million market cap. This biotech is developing oral small molecule therapies to treat chronic diseases in immunology and other therapeutic areas. DICE plans to initiate a Phase 1 trial of its lead candidate S011806, an oral antagonist with a variety of immunology indications.</p><p><blockquote>免疫生物技术<b>骰子治疗</b>(DICE) 计划以 5.5 亿美元的市值筹集 1.6 亿美元。这家生物技术公司正在开发口服小分子疗法，以治疗免疫学和其他治疗领域的慢性疾病。DICE计划启动其主要候选药物S011806的1期试验，这是一种具有多种免疫学适应症的口服拮抗剂。</blockquote></p><p> Surgical robotics developer&nbsp;<b>PROCEPT BioRobotics</b>(PRCT) plans to raise $127 million at a $1.1 billion market cap. This commercial-stage company develops surgical robotic systems for minimally-invasive urologic surgery with an initial focus on treating benign prostatic hyperplasia. PROCEPT BioRobotics is highly unprofitable and saw revenue increase more than sixfold in the 1H21.</p><p><blockquote>手术机器人开发商<b>生物机器人方案</b>(PRCT) 计划以 11 亿美元的市值筹集 1.27 亿美元。这家商业阶段的公司开发用于微创泌尿外科手术的手术机器人系统，最初重点是治疗良性前列腺增生。PROCEPT BioRobotics 严重无利可图，2021 年上半年收入增长了六倍多。</blockquote></p><p> Oncology biotech&nbsp;<b>Tyra Biosciences</b>(TYRA) plans to raise $101 million at a $584 million market cap. This preclinical biotech is developing FGFR kinase inhibitors for cancer, specifically solid tumors. Tyra’s lead candidate is initially focused on bladder cancer, and the company expects to submit an IND for it in mid-2022.</p><p><blockquote>肿瘤生物技术<b>泰拉生物科学</b>(TYRA) 计划以 5.84 亿美元的市值筹集 1.01 亿美元。这家临床前生物技术公司正在开发用于癌症，特别是实体瘤的 FGFR 激酶抑制剂。Tyra 的主要候选药物最初专注于膀胱癌，该公司预计将在 2022 年年中提交该药物的 IND。</blockquote></p><p> Micro-cap gas delivery service&nbsp;<b>EzFill Holdings</b>(EZFL) plans to raise $25 million at a $104 million market cap. This mobile-fueling company provides an on-demand fuel delivery service in Florida via mobile app. Highly unprofitable with explosive growth, EzFill states that it is the dominant player in the South Florida market.</p><p><blockquote>微型气体输送服务<b>埃兹菲尔控股</b>（EZFL）计划以1.04亿美元的市值筹集2500万美元。这家移动加油公司通过移动应用程序在佛罗里达州提供按需加油服务。EzFill 表示，它是南佛罗里达市场的主导者，但由于增长迅速，利润极高，因此它是南佛罗里达市场的主导者。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/718698ff98644c4026f32efe91d076c6\" tg-width=\"1128\" tg-height=\"684\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/97fe13300d9e4cf61effc59b9706776a\" tg-width=\"1129\" tg-height=\"247\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <b>IPO Market Snapshot</b></p><p><blockquote><b>IPO市场快照</b></blockquote></p><p> The Renaissance IPO Indices are market cap weighted baskets of newly public companies. As of 9/9/21, the Renaissance IPO Index was up 7.7% year-to-date, while the S&amp;P 500 was up 19.6%. Renaissance Capital's IPO ETF (NYSE: IPO) tracks the index, and top ETF holdings include Snowflake (SNOW) and Palantir Technologies (PLTR). The Renaissance International IPO Index was down 11.0% year-to-date, while the ACWX was up 10.0%. Renaissance Capital’s International IPO ETF (NYSE: IPOS) tracks the index, and top ETF holdings include Smoore International and EQT Partners.</p><p><blockquote>文艺复兴IPO指数是新上市公司的市值加权篮子。截至21年9月9日，文艺复兴IPO指数年初至今上涨7.7%，而标普500上涨19.6%。Renaissance Capital 的 IPO ETF（纽约证券交易所股票代码：IPO）追踪该指数，持有量最大的 ETF 包括 Snowflake (SNOW) 和 Palantir Technologies (PLTR)。Renaissance International IPO 指数今年迄今下跌 11.0%，而 ACWX 指数上涨 10.0%。Renaissance Capital 的国际 IPO ETF（纽约证券交易所股票代码：IPOS）追踪该指数，持有的 ETF 包括 Smoore International 和 EQT Partners。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.renaissancecapital.com/IPO-Center/News/85972/US-IPO-Week-Ahead-The-Fall-IPO-market-kicks-off-with-a-10-IPO-week\">Renaissance Capital</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":{"ONON":"On Holding AG",".IXIC":"NASDAQ Composite","PRCT":"PROCEPT BioRobotics","DH":"Definitive Healthcare Corp.","TYRA":"Tyra Biosciences, Inc.",".DJI":"道琼斯",".SPX":"S&P 500 Index","SRAD":"Sportradar Group AG","BROS":"Dutch Bros Inc."},"source_url":"https://www.renaissancecapital.com/IPO-Center/News/85972/US-IPO-Week-Ahead-The-Fall-IPO-market-kicks-off-with-a-10-IPO-week","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1189654544","content_text":"After a wave of launches in the short holiday week, 10 IPOs are scheduled to raise over $3 billion in the week ahead.\nTech consultancy Thoughtworks(TWKS) plans to raise $700 million at a $6.3 billion market cap. This agile software developer provides premium, end-to-end digital strategy, design, and engineering services to more than 300 enterprise customers. The company grew revenue at a 14% CAGR from 2017 to 2020, and expanded margins in 2020 and the 1H21.\nSwiss running shoe brand On Holding(ONON) plans to raise $591 million at a $5.9 billion market cap. On is a global provider of premium athletic footwear, apparel, and accessories that are designed using sustainable materials and its proprietary technology. The company has demonstrated growth and profitability, though it faces significant competition from other well-known sportswear brands.\nAfter ending talks to go public via SPAC,Sportradar Group(SRAD) plans to raise $504 million at a $7.9 billion market cap. Covering over 750,000 events annually across 83 sports, this Swiss company provides software, data, and content to sports leagues, betting operators, and media companies. Sportradar is profitable, and growth accelerated in the 1H21 as live sports resumed.\nDrive-thru coffee chain Dutch Bros(BROS) plans to raise $400 million at a $3.3 billion market cap. This Oregon-based company has a chain of 471 drive-thru coffee shops in the Western US, and it has been able to maintain a track record of same-store sales growth as it has expanded to new states. Insiders received pre-IPO dividends and will sell shares back to the company.\nHealthcare intelligence platform Definitive Healthcare(DH) plans to raise $350 million at a $3.3 billion market cap. This company provides a healthcare commercial intelligence and analytics platform, helping its customers to analyze, navigate, and sell into the complex healthcare ecosystem. Unprofitable with strong growth, Definitive Healthcare will be leveraged post-IPO.\nIdentity management platform ForgeRock(FORG) plans to raise $248 million at a $2.1 billion market cap. The company provides identity and access management software, with a platform to provision, authenticate, and govern all types of digital identities. Unprofitable with high sales and marketing expenses, ForgeRock is a leading next-gen provider in the multi-billion-dollar identity and access market.\nImmunology biotech DICE Therapeutics(DICE) plans to raise $160 million at a $550 million market cap. This biotech is developing oral small molecule therapies to treat chronic diseases in immunology and other therapeutic areas. DICE plans to initiate a Phase 1 trial of its lead candidate S011806, an oral antagonist with a variety of immunology indications.\nSurgical robotics developer PROCEPT BioRobotics(PRCT) plans to raise $127 million at a $1.1 billion market cap. This commercial-stage company develops surgical robotic systems for minimally-invasive urologic surgery with an initial focus on treating benign prostatic hyperplasia. PROCEPT BioRobotics is highly unprofitable and saw revenue increase more than sixfold in the 1H21.\nOncology biotech Tyra Biosciences(TYRA) plans to raise $101 million at a $584 million market cap. This preclinical biotech is developing FGFR kinase inhibitors for cancer, specifically solid tumors. Tyra’s lead candidate is initially focused on bladder cancer, and the company expects to submit an IND for it in mid-2022.\nMicro-cap gas delivery service EzFill Holdings(EZFL) plans to raise $25 million at a $104 million market cap. This mobile-fueling company provides an on-demand fuel delivery service in Florida via mobile app. Highly unprofitable with explosive growth, EzFill states that it is the dominant player in the South Florida market.\n\nIPO Market Snapshot\nThe Renaissance IPO Indices are market cap weighted baskets of newly public companies. As of 9/9/21, the Renaissance IPO Index was up 7.7% year-to-date, while the S&P 500 was up 19.6%. Renaissance Capital's IPO ETF (NYSE: IPO) tracks the index, and top ETF holdings include Snowflake (SNOW) and Palantir Technologies (PLTR). The Renaissance International IPO Index was down 11.0% year-to-date, while the ACWX was up 10.0%. Renaissance Capital’s International IPO ETF (NYSE: IPOS) tracks the index, and top ETF holdings include Smoore International and EQT Partners.","news_type":1,"symbols_score_info":{".SPX":0.9,"BROS":0.9,"FORG":0.9,"TWKS":0.9,"PRCT":0.9,"ONON":0.9,"EZFL":0.9,"DH":0.9,".DJI":0.9,".IXIC":0.9,"SRAD":0.9,"TYRA":0.9,"DICE":0.9}},"isVote":1,"tweetType":1,"viewCount":1067,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":883711828,"gmtCreate":1631272741364,"gmtModify":1631890204637,"author":{"id":"3560144122940430","authorId":"3560144122940430","name":"小小爆米花","avatar":"https://static.tigerbbs.com/a8901eea0205335d02f752d9b13e1f65","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3560144122940430","idStr":"3560144122940430"},"themes":[],"title":"","htmlText":"We will know if MS is correct in another 3 months","listText":"We will know if MS is correct in another 3 months","text":"We will know if MS is correct in another 3 months","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/883711828","repostId":"2166897344","repostType":4,"isVote":1,"tweetType":1,"viewCount":720,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":817247277,"gmtCreate":1630972365899,"gmtModify":1631890204638,"author":{"id":"3560144122940430","authorId":"3560144122940430","name":"小小爆米花","avatar":"https://static.tigerbbs.com/a8901eea0205335d02f752d9b13e1f65","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3560144122940430","idStr":"3560144122940430"},"themes":[],"title":"","htmlText":"Standby ammo","listText":"Standby ammo","text":"Standby ammo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/817247277","repostId":"1181754918","repostType":4,"repost":{"id":"1181754918","kind":"news","pubTimestamp":1630972081,"share":"https://www.laohunote.com/m/news/1181754918?lang=zh_CN&edition=full","pubTime":"2021-09-07 07:48","market":"us","language":"en","title":"C3.ai: Brace Yourself For Landing, A Buy Point Is Coming Soon<blockquote>C3.ai：做好登陆准备，买点即将到来</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1181754918","media":"Seeking Alpha","summary":"Summary\n\nC3.ai has lost 70% of its value relative to all-time highs near $170 that it notched immedi","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>C3.ai has lost 70% of its value relative to all-time highs near $170 that it notched immediately after its IPO.</li>  <li>The stock's downfall is a reflection of only middling results, and its relatively tiny traction within its market.</li>  <li>C3.ai's customer concentration, especially on Baker Hughes, still remains a consistent problem.</li>  <li>Still, C3.ai is approaching a buyable valuation as it hits a mid-teens multiple of this year's revenue.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/001ddb8ffe2cd26356ee59422c781b50\" tg-width=\"1536\" tg-height=\"1024\" width=\"100%\" height=\"auto\"><span>hapabapa/iStock Editorial via Getty Images</span></p><p><blockquote><ul><li>相对于 IPO 后立即创下的近 170 美元的历史高点，C3.ai 的价值已下跌 70%。</li><li>该股的下跌仅反映了其业绩平平，并且在市场上的吸引力相对较小。</li><li>C3.ai 的客户集中度，尤其是贝克休斯，仍然是一个持续存在的问题。</li><li>尽管如此，C3.ai 的估值仍接近可购买的估值，因为它达到了今年收入的十几倍左右。</li></ul><p class=\"t-img-caption\"><span>hapabapa/iStock 社论来自 Getty Images</span></p></blockquote></p><p> Sooner or later, the law of gravity comes for software stocks too: what comes up, must come down. Such was the case with C3.ai (AI), one of the hottest IPOs of the past year that immediately saw its stock price quadruple. C3.ai is an enterprise AI platform - that is, a technology base that lets its clients build and deploy artificial intelligence applications with preset tools. Investors had wide hopes for this company given the open-ended use cases this type of product can offer - but so far, C3.ai hasn't delivered the kind of growth rates that investors typically come to invest with these startup-like public equities.</p><p><blockquote>迟早，万有引力定律也会降临到软件股身上：上来的必然会下来。C3.ai (AI) 就是这种情况，它是去年最热门的 IPO 之一，股价立即翻了两番。C3.ai是一个企业人工智能平台——也就是说，一个技术基础，让其客户使用预设的工具构建和部署人工智能应用程序。鉴于此类产品可以提供的开放式用例，投资者对这家公司寄予厚望，但到目前为止，C3.ai 尚未实现投资者通常投资这些初创公司式公共股票的增长率。</blockquote></p><p> C3.ai hit an all-time high of ~$170 this February, representing a quadrupling from its IPO price of $42. Since then, the stock has crumbled and given back ~70% of its value. In early September, the company released fiscal Q1 results, which were a cause for further disappointment in the stock that caused a further ~5% dip.</p><p><blockquote>C3.ai 今年 2 月创下约 170 美元的历史新高，比其 42 美元的 IPO 价格翻了两番。此后，该股暴跌并返还了约 70% 的价值。9月初，该公司发布了第一财季业绩，这导致该股进一步失望，导致该股进一步下跌约5%。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/72921aed6d4198ec90336315baf0b271\" tg-width=\"635\" tg-height=\"417\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据由YCharts提供</span></p></blockquote></p><p> <b>For now, the bearish thesis has won out</b></p><p><blockquote><b>目前，看跌论点已经胜出</b></blockquote></p><p> I had been&nbsp;bearish on C3.ai&nbsp;since its IPO. I've consistently called out a number of flaws with the company, including:</p><p><blockquote>自 C3.ai 首次公开募股以来，我一直看跌它。我一直指出该公司的许多缺陷，包括：</blockquote></p><p> <ul>  <li><b>Huge valuation for relatively normal growth rates.</b>C3.ai, at its peaks, was trading at &gt;40x forward revenue despite a ~30% y/y revenue growth rate - which is a massive valuation premium for what is considered a \"normal\" growth rate in enterprise software.</li>  <li><b>Customer concentration.</b>C3.ai only has a handful of customers, and its largest customer Baker Hughes, the oil services giant, is also a reseller of its product. Oil and gas companies overall represent about a third of its revenue.</li>  <li><b>Massive losses.</b>C3.ai loses nearly a dollar, in GAAP terms, for every dollar of revenue it generates.</li> </ul> The only reason investors clung onto this stock was for its thematic buzz (AI, needless to say, is one of the hottest areas in software) as well as their confidence in C3.ai's founder and CEO Tom Siebel, who founded and sold Siebel Systems to Oracle (ORCL) and has many deep-seated relationships in Silicon Valley.</p><p><blockquote><ul><li><b>相对正常的增长率的巨大估值。</b>尽管收入同比增长率约为 30%，但 C3.ai 在巅峰时期的交易价格为远期收入的 40 倍以上——这对于企业软件的“正常”增长率来说是一个巨大的估值溢价。</li><li><b>客户集中度。</b>C3.ai的客户屈指可数，其最大客户石油服务巨头贝克休斯也是其产品的经销商。石油和天然气公司总体上约占其收入的三分之一。</li><li><b>巨大损失。</b>按照 GAAP 标准，C3.ai 每产生 1 美元收入，就会损失近 1 美元。</li></ul>投资者坚持持有这只股票的唯一原因是它的主题热度（不用说，人工智能是软件领域最热门的领域之一）以及他们对 C3.ai 创始人兼首席执行官 Tom Siebel 的信心，他创立了 Siebel Systems 并将其出售给甲骨文 (ORCL)，并在硅谷拥有许多深厚的关系。</blockquote></p><p> <b>But rest assured that a buy-the-dip opportunity may be emerging</b></p><p><blockquote><b>但请放心，逢低买入机会可能正在出现</b></blockquote></p><p> Yet as my readers know, I'm a big believer in buy-the-dip. I prefer buying into companies when sentiment is weak and waiting for the rebound, rather than risking a purchase at market tops (this is especially true as the post-pandemic bull market continues to notch new, lofty highs with each trading day). In my view, the C3.ai slump is close to breaking.</p><p><blockquote>然而，正如我的读者所知，我非常相信逢低买入。我更喜欢在市场情绪疲软并等待反弹时买入公司，而不是在市场顶部冒险买入（尤其是在大流行后的牛市每个交易日都在继续创下新的高点的情况下）。在我看来，C3.ai 的暴跌已接近崩溃。</blockquote></p><p> Valuation is the key here, as C3.ai's correction has no longer left the company egregiously overvalued. At current share prices near $51, C3.ai has a market cap of $5.23 billion. After we net off the $1.10 billion of cash on C3.ai's balance sheet (for a company of this size, C3.ai's cash pile is quite enormous, which is one reason to be comfortable with this stock), the company's resulting<b>enterprise value is $4.14 billion.</b></p><p><blockquote>估值是这里的关键，因为 C3.ai 的修正不再导致该公司被严重高估。按目前接近 51 美元的股价计算，C3.ai 的市值为 52.3 亿美元。在我们从 C3.ai 的资产负债表上扣除 11 亿美元现金后（对于这样规模的公司来说，C3.ai 的现金池相当巨大，这也是对这只股票感到满意的原因之一），该公司的结果<b>企业价值为41.4亿美元。</b></blockquote></p><p> For the current fiscal year high ends in April 2022, meanwhile, C3.ai has guided to a revenue range of $243-$247 million, representing 33-35% y/y growth. It's going to need to stretch to get there: Q1 growth clocked in at only 29% y/y, but the company is guiding to acceleration in Q2 to 35-40% y/y growth.</p><p><blockquote>与此同时，对于 2022 年 4 月结束的本财年高端，C3.ai 的收入范围为 2.43-2.47 亿美元，同比增长 33-35%。要实现这一目标，还需要付出努力：第一季度的同比增长率仅为 29%，但该公司预计第二季度的同比增长率将加速至 35-40%。</blockquote></p><p> Figure 1. C3.ai guidance update</p><p><blockquote>图1。C3.ai指南更新</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c07c9c3368340d8ddbb12dad77bcbe51\" tg-width=\"640\" tg-height=\"281\" width=\"100%\" height=\"auto\"><span>Source: C3.ai Q1 earnings deck</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：C3.ai 第一季度收益表</span></p></blockquote></p><p> If we take the midpoint of C3.ai's FY22 guidance range at face value, the company's valuation sits at<b>16.9x EV/FY22 revenue.</b>That's hardly a cheap multiple, but it's far cheaper than what C3.ai was trading at earlier this year.</p><p><blockquote>如果我们按面值取 C3.ai 2022 财年指导范围的中点，则该公司的估值为<b>16.9 倍 EV/2022 财年收入。</b>这并不是一个便宜的倍数，但比 C3.ai 今年早些时候的交易价格便宜得多。</blockquote></p><p></p><p> The bottom line here: I'm<b>upgrading my view on C3.ai to neutral,</b>and putting the stock on my watch list. I'm interested in dipping my toes into this stock if it reaches a<b>$41 price level,</b>representing<b>12.5x EV/FY22 revenue.</b>Given the fierceness of C3.ai's recent correction, we may hit those levels within the month.</p><p><blockquote>底线是：我是<b>将我对C3.ai的看法升级为中立，</b>把股票列入我的观察名单。如果这只股票达到<b>41美元的价格水平，</b>代表<b>12.5 倍 EV/2022 财年收入。</b>鉴于 C3.ai 最近调整的剧烈程度，我们可能会在一个月内达到这些水平。</blockquote></p><p> <b>Q1 download</b></p><p><blockquote><b>Q1下载</b></blockquote></p><p> C3.ai's Q1 update wasn't perfect, but it wasn't all bad, either. Take a look at the earnings summary in the chart below:</p><p><blockquote>C3.ai 的第一季度更新并不完美，但也不全是坏事。看看下图中的收益摘要：</blockquote></p><p> Figure 2. C3.ai Q1 results</p><p><blockquote>图2。C3.ai Q1业绩</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cd17939012426be90aef9075eb37faf6\" tg-width=\"640\" tg-height=\"422\" width=\"100%\" height=\"auto\"><span>Source: C3.ai Q1 earnings deck</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：C3.ai 第一季度收益表</span></p></blockquote></p><p> C3.ai grew its revenue at a 29% y/y clip to $52.4 million in revenue, which was only a minor beat versus Wall Street's expectations for $51.3 million (+27% y/y) in revenue. At the same time, C3.ai saw a minor acceleration as well from 26% y/y growth in Q4, which was a plus.</p><p><blockquote>C3.ai 的收入同比增长 29%，达到 5240 万美元，仅略高于华尔街预期的 5130 万美元（同比增长 27%）。与此同时，C3.ai 也较第四季度 26% 的同比增长略有加速，这是一个利好。</blockquote></p><p> Here's some more good news: C3.ai's enterprise AI customer base hit 98 in the quarter, up 85% y/y. One of my biggest concerns with C3.ai is the fact that it still has only a fledgling customer base; at the time of its IPO, the company's ~50 customers could hardly be construed as a true enterprise software giant in the making. Yet C3.ai's clientele does skew large, and its progress in adding new customers is a promising sign.</p><p><blockquote>这里还有一些好消息：C3.ai 的企业人工智能客户群本季度达到 98 个，同比增长 85%。我对C3.ai最大的担忧之一是它仍然只有一个羽翼未丰的客户群；在IPO时，该公司的约50名客户很难被解释为一个真正的企业软件巨头。然而，C3.ai 的客户群确实存在很大的偏差，其在增加新客户方面的进展是一个充满希望的迹象。</blockquote></p><p> Another positive development: C3.ai has entered into both a product and go-to-market partnership with Google Cloud (GOOG). Building on top of an existing commercial agreement with Microsoft Azure (MSFT), this partnership will give C3.ai even more expansion potential into Google Cloud's universe of customers, as well as gain access to Google Cloud's sales force. The Azure partnership has yielded $200 million of closed business to date, with $350 million more in the pipeline: we hope the Google Cloud partnership can yield similar fruitful results.</p><p><blockquote>另一个积极的进展：C3.ai 已与 Google Cloud (GOOG) 建立产品和上市合作伙伴关系。在与微软 Azure (MSFT) 现有商业协议的基础上，此次合作伙伴关系将使 C3.ai 在 Google Cloud 的客户领域拥有更大的扩张潜力，并获得 Google Cloud 的销售队伍。迄今为止，Azure合作伙伴关系已经产生了2亿美元的已完成业务，还有3.5亿美元正在筹备中：我们希望谷歌云合作伙伴关系能够产生类似的丰硕成果。</blockquote></p><p> Figure 3. C3.ai/Google Cloud partnership</p><p><blockquote>图3。C3.ai/谷歌云合作伙伴关系</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2c6e19183efc667b0bb2dd771234bfc1\" tg-width=\"640\" tg-height=\"332\" width=\"100%\" height=\"auto\"><span>Source: C3.ai Q1 earnings deck</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：C3.ai 第一季度收益表</span></p></blockquote></p><p> Going forward, management expects C3.ai to lead with some smaller, lower-priced, and high-value products like C3.ai CRM. These purpose-built applications are more plug-and-play and give a chance for C3.ai to \"land\" more customers and seed the \"expand\" opportunity for later. Per CEO Tom Siebel's prepared remarks on the&nbsp;Q1 earnings call:</p><p><blockquote>展望未来，管理层预计 C3.ai 将以 C3.ai CRM 等更小、价格更低、价值更高的产品引领潮流。这些专门构建的应用程序更加即插即用，为 C3.ai 提供了一个“获得”更多客户的机会，并为以后的“扩展”机会播下了种子。根据首席执行官 Tom Siebel 在第一季度盈利看涨期权上准备好的讲话：</blockquote></p><p>   As we have previously discussed, historically, our business has been characterized by quarter-to-quarter lumpiness due to the substantial size of our average order value.    Now as application sales become an increasingly large part of our revenue mix, roughly 50% of our subscriptions last quarter in Q1 accrued from application software. We are increasingly offering lower priced, high-value products like C3 AI CRM and Ex Machina. And as we've discussed, we've been diversifying our distribution model to complement enterprise selling with telesales, distributors, market partners and direct marketplace selling.\"  However, C3.ai's investments into sales and marketing have continued to burn holes through margins, which is a chief investor concern that has been a primary catalyst in dragging the share price down. Due to a massive increase in sales and marketing costs to 58% of revenue (25 points more than 33% in the year-ago Q2), C3.ai's pro forma operating margins hit a -42% mark in Q1, 40 points worse than the year-ago quarter. This was buffeted as well by a 12-point increase in R&amp;D expense as a percentage of revenue and a 4-point increase in general and administrative expenses, and only partially offset by a three-point bump in pro forma gross margins.</p><p><blockquote>正如我们之前所讨论的，从历史上看，由于我们的平均订单价值很大，我们的业务的特点是季度与季度之间的波动。现在，随着应用程序销售成为我们收入组合中越来越大的一部分，我们第一季度最后一个季度大约50%的订阅来自应用软件。我们越来越多地提供价格更低、价值更高的产品，如C3 AI CRM和Ex Machina。正如我们所讨论的，我们一直在使分销模式多样化，通过电话销售、分销商、市场合作伙伴和直接市场销售来补充企业销售。”然而，C3.ai 在销售和营销方面的投资继续侵蚀利润率，这是投资者的主要担忧，也是拖累股价的主要催化剂。由于销售和营销成本大幅增加至收入的 58%（比去年同期第二季度的 33% 高出 25 个百分点），C3.ai 第一季度的预计营业利润率达到-42%，比去年同期下降 40 个百分点。这也受到研发费用占收入百分比增加 12 个百分点以及一般和管理费用增加 4 个百分点的影响，但预计毛利率增长 3 个百分点仅部分抵消了这一影响。</blockquote></p><p> Figure 4. C3.ai operating margin trends</p><p><blockquote>图4。C3.ai 营业利润率趋势</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/eeb7285944ea24037260f852641bfdeb\" tg-width=\"640\" tg-height=\"333\" width=\"100%\" height=\"auto\"><span>Source: C3.ai Q1 earnings deck</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：C3.ai 第一季度收益表</span></p></blockquote></p><p> <b>Key takeaways</b></p><p><blockquote><b>主要要点</b></blockquote></p><p> C3.ai remains a grab bag of pros and cons, in my mind. On the positive front, C3.ai possesses a broad technology base, and its recent go-to-market developments (leading with smaller products like CRM to bag more customers, and a new partnership with Google Cloud) are promising growth levers. At the same time, C3.ai's relatively limited market penetration and heavy losses are worrying.</p><p><blockquote>在我看来，C3.ai 仍然是一个有利有弊的大杂烩。从积极的方面来看，C3.ai 拥有广泛的技术基础，其最近的上市发展（以 CRM 等小型产品领先以吸引更多客户，以及与 Google Cloud 的新合作伙伴关系）是有希望的增长杠杆。与此同时，C3.ai相对有限的市场渗透率和沉重的亏损令人担忧。</blockquote></p><p> At the right price, I'm a buyer. I'm waiting for a further ~20% dip in C3.ai to the low $40s before diving in, but this stock is now a firm watch list item for me.</p><p><blockquote>只要价格合适，我就是买家。我正在等待 C3.ai 进一步下跌约 20% 至 40 美元的低点，然后再潜入，但这只股票现在对我来说是一个坚定的观察清单项目。</blockquote></p><p></p>","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>C3.ai: Brace Yourself For Landing, A Buy Point Is Coming Soon<blockquote>C3.ai：做好登陆准备，买点即将到来</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\">\nC3.ai: Brace Yourself For Landing, A Buy Point Is Coming Soon<blockquote>C3.ai：做好登陆准备，买点即将到来</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Seeking Alpha</strong><span class=\"h-time small\">2021-09-07 07:48</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>C3.ai has lost 70% of its value relative to all-time highs near $170 that it notched immediately after its IPO.</li>  <li>The stock's downfall is a reflection of only middling results, and its relatively tiny traction within its market.</li>  <li>C3.ai's customer concentration, especially on Baker Hughes, still remains a consistent problem.</li>  <li>Still, C3.ai is approaching a buyable valuation as it hits a mid-teens multiple of this year's revenue.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/001ddb8ffe2cd26356ee59422c781b50\" tg-width=\"1536\" tg-height=\"1024\" width=\"100%\" height=\"auto\"><span>hapabapa/iStock Editorial via Getty Images</span></p><p><blockquote><ul><li>相对于 IPO 后立即创下的近 170 美元的历史高点，C3.ai 的价值已下跌 70%。</li><li>该股的下跌仅反映了其业绩平平，并且在市场上的吸引力相对较小。</li><li>C3.ai 的客户集中度，尤其是贝克休斯，仍然是一个持续存在的问题。</li><li>尽管如此，C3.ai 的估值仍接近可购买的估值，因为它达到了今年收入的十几倍左右。</li></ul><p class=\"t-img-caption\"><span>hapabapa/iStock 社论来自 Getty Images</span></p></blockquote></p><p> Sooner or later, the law of gravity comes for software stocks too: what comes up, must come down. Such was the case with C3.ai (AI), one of the hottest IPOs of the past year that immediately saw its stock price quadruple. C3.ai is an enterprise AI platform - that is, a technology base that lets its clients build and deploy artificial intelligence applications with preset tools. Investors had wide hopes for this company given the open-ended use cases this type of product can offer - but so far, C3.ai hasn't delivered the kind of growth rates that investors typically come to invest with these startup-like public equities.</p><p><blockquote>迟早，万有引力定律也会降临到软件股身上：上来的必然会下来。C3.ai (AI) 就是这种情况，它是去年最热门的 IPO 之一，股价立即翻了两番。C3.ai是一个企业人工智能平台——也就是说，一个技术基础，让其客户使用预设的工具构建和部署人工智能应用程序。鉴于此类产品可以提供的开放式用例，投资者对这家公司寄予厚望，但到目前为止，C3.ai 尚未实现投资者通常投资这些初创公司式公共股票的增长率。</blockquote></p><p> C3.ai hit an all-time high of ~$170 this February, representing a quadrupling from its IPO price of $42. Since then, the stock has crumbled and given back ~70% of its value. In early September, the company released fiscal Q1 results, which were a cause for further disappointment in the stock that caused a further ~5% dip.</p><p><blockquote>C3.ai 今年 2 月创下约 170 美元的历史新高，比其 42 美元的 IPO 价格翻了两番。此后，该股暴跌并返还了约 70% 的价值。9月初，该公司发布了第一财季业绩，这导致该股进一步失望，导致该股进一步下跌约5%。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/72921aed6d4198ec90336315baf0b271\" tg-width=\"635\" tg-height=\"417\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据由YCharts提供</span></p></blockquote></p><p> <b>For now, the bearish thesis has won out</b></p><p><blockquote><b>目前，看跌论点已经胜出</b></blockquote></p><p> I had been&nbsp;bearish on C3.ai&nbsp;since its IPO. I've consistently called out a number of flaws with the company, including:</p><p><blockquote>自 C3.ai 首次公开募股以来，我一直看跌它。我一直指出该公司的许多缺陷，包括：</blockquote></p><p> <ul>  <li><b>Huge valuation for relatively normal growth rates.</b>C3.ai, at its peaks, was trading at &gt;40x forward revenue despite a ~30% y/y revenue growth rate - which is a massive valuation premium for what is considered a \"normal\" growth rate in enterprise software.</li>  <li><b>Customer concentration.</b>C3.ai only has a handful of customers, and its largest customer Baker Hughes, the oil services giant, is also a reseller of its product. Oil and gas companies overall represent about a third of its revenue.</li>  <li><b>Massive losses.</b>C3.ai loses nearly a dollar, in GAAP terms, for every dollar of revenue it generates.</li> </ul> The only reason investors clung onto this stock was for its thematic buzz (AI, needless to say, is one of the hottest areas in software) as well as their confidence in C3.ai's founder and CEO Tom Siebel, who founded and sold Siebel Systems to Oracle (ORCL) and has many deep-seated relationships in Silicon Valley.</p><p><blockquote><ul><li><b>相对正常的增长率的巨大估值。</b>尽管收入同比增长率约为 30%，但 C3.ai 在巅峰时期的交易价格为远期收入的 40 倍以上——这对于企业软件的“正常”增长率来说是一个巨大的估值溢价。</li><li><b>客户集中度。</b>C3.ai的客户屈指可数，其最大客户石油服务巨头贝克休斯也是其产品的经销商。石油和天然气公司总体上约占其收入的三分之一。</li><li><b>巨大损失。</b>按照 GAAP 标准，C3.ai 每产生 1 美元收入，就会损失近 1 美元。</li></ul>投资者坚持持有这只股票的唯一原因是它的主题热度（不用说，人工智能是软件领域最热门的领域之一）以及他们对 C3.ai 创始人兼首席执行官 Tom Siebel 的信心，他创立了 Siebel Systems 并将其出售给甲骨文 (ORCL)，并在硅谷拥有许多深厚的关系。</blockquote></p><p> <b>But rest assured that a buy-the-dip opportunity may be emerging</b></p><p><blockquote><b>但请放心，逢低买入机会可能正在出现</b></blockquote></p><p> Yet as my readers know, I'm a big believer in buy-the-dip. I prefer buying into companies when sentiment is weak and waiting for the rebound, rather than risking a purchase at market tops (this is especially true as the post-pandemic bull market continues to notch new, lofty highs with each trading day). In my view, the C3.ai slump is close to breaking.</p><p><blockquote>然而，正如我的读者所知，我非常相信逢低买入。我更喜欢在市场情绪疲软并等待反弹时买入公司，而不是在市场顶部冒险买入（尤其是在大流行后的牛市每个交易日都在继续创下新的高点的情况下）。在我看来，C3.ai 的暴跌已接近崩溃。</blockquote></p><p> Valuation is the key here, as C3.ai's correction has no longer left the company egregiously overvalued. At current share prices near $51, C3.ai has a market cap of $5.23 billion. After we net off the $1.10 billion of cash on C3.ai's balance sheet (for a company of this size, C3.ai's cash pile is quite enormous, which is one reason to be comfortable with this stock), the company's resulting<b>enterprise value is $4.14 billion.</b></p><p><blockquote>估值是这里的关键，因为 C3.ai 的修正不再导致该公司被严重高估。按目前接近 51 美元的股价计算，C3.ai 的市值为 52.3 亿美元。在我们从 C3.ai 的资产负债表上扣除 11 亿美元现金后（对于这样规模的公司来说，C3.ai 的现金池相当巨大，这也是对这只股票感到满意的原因之一），该公司的结果<b>企业价值为41.4亿美元。</b></blockquote></p><p> For the current fiscal year high ends in April 2022, meanwhile, C3.ai has guided to a revenue range of $243-$247 million, representing 33-35% y/y growth. It's going to need to stretch to get there: Q1 growth clocked in at only 29% y/y, but the company is guiding to acceleration in Q2 to 35-40% y/y growth.</p><p><blockquote>与此同时，对于 2022 年 4 月结束的本财年高端，C3.ai 的收入范围为 2.43-2.47 亿美元，同比增长 33-35%。要实现这一目标，还需要付出努力：第一季度的同比增长率仅为 29%，但该公司预计第二季度的同比增长率将加速至 35-40%。</blockquote></p><p> Figure 1. C3.ai guidance update</p><p><blockquote>图1。C3.ai指南更新</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c07c9c3368340d8ddbb12dad77bcbe51\" tg-width=\"640\" tg-height=\"281\" width=\"100%\" height=\"auto\"><span>Source: C3.ai Q1 earnings deck</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：C3.ai 第一季度收益表</span></p></blockquote></p><p> If we take the midpoint of C3.ai's FY22 guidance range at face value, the company's valuation sits at<b>16.9x EV/FY22 revenue.</b>That's hardly a cheap multiple, but it's far cheaper than what C3.ai was trading at earlier this year.</p><p><blockquote>如果我们按面值取 C3.ai 2022 财年指导范围的中点，则该公司的估值为<b>16.9 倍 EV/2022 财年收入。</b>这并不是一个便宜的倍数，但比 C3.ai 今年早些时候的交易价格便宜得多。</blockquote></p><p></p><p> The bottom line here: I'm<b>upgrading my view on C3.ai to neutral,</b>and putting the stock on my watch list. I'm interested in dipping my toes into this stock if it reaches a<b>$41 price level,</b>representing<b>12.5x EV/FY22 revenue.</b>Given the fierceness of C3.ai's recent correction, we may hit those levels within the month.</p><p><blockquote>底线是：我是<b>将我对C3.ai的看法升级为中立，</b>把股票列入我的观察名单。如果这只股票达到<b>41美元的价格水平，</b>代表<b>12.5 倍 EV/2022 财年收入。</b>鉴于 C3.ai 最近调整的剧烈程度，我们可能会在一个月内达到这些水平。</blockquote></p><p> <b>Q1 download</b></p><p><blockquote><b>Q1下载</b></blockquote></p><p> C3.ai's Q1 update wasn't perfect, but it wasn't all bad, either. Take a look at the earnings summary in the chart below:</p><p><blockquote>C3.ai 的第一季度更新并不完美，但也不全是坏事。看看下图中的收益摘要：</blockquote></p><p> Figure 2. C3.ai Q1 results</p><p><blockquote>图2。C3.ai Q1业绩</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cd17939012426be90aef9075eb37faf6\" tg-width=\"640\" tg-height=\"422\" width=\"100%\" height=\"auto\"><span>Source: C3.ai Q1 earnings deck</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：C3.ai 第一季度收益表</span></p></blockquote></p><p> C3.ai grew its revenue at a 29% y/y clip to $52.4 million in revenue, which was only a minor beat versus Wall Street's expectations for $51.3 million (+27% y/y) in revenue. At the same time, C3.ai saw a minor acceleration as well from 26% y/y growth in Q4, which was a plus.</p><p><blockquote>C3.ai 的收入同比增长 29%，达到 5240 万美元，仅略高于华尔街预期的 5130 万美元（同比增长 27%）。与此同时，C3.ai 也较第四季度 26% 的同比增长略有加速，这是一个利好。</blockquote></p><p> Here's some more good news: C3.ai's enterprise AI customer base hit 98 in the quarter, up 85% y/y. One of my biggest concerns with C3.ai is the fact that it still has only a fledgling customer base; at the time of its IPO, the company's ~50 customers could hardly be construed as a true enterprise software giant in the making. Yet C3.ai's clientele does skew large, and its progress in adding new customers is a promising sign.</p><p><blockquote>这里还有一些好消息：C3.ai 的企业人工智能客户群本季度达到 98 个，同比增长 85%。我对C3.ai最大的担忧之一是它仍然只有一个羽翼未丰的客户群；在IPO时，该公司的约50名客户很难被解释为一个真正的企业软件巨头。然而，C3.ai 的客户群确实存在很大的偏差，其在增加新客户方面的进展是一个充满希望的迹象。</blockquote></p><p> Another positive development: C3.ai has entered into both a product and go-to-market partnership with Google Cloud (GOOG). Building on top of an existing commercial agreement with Microsoft Azure (MSFT), this partnership will give C3.ai even more expansion potential into Google Cloud's universe of customers, as well as gain access to Google Cloud's sales force. The Azure partnership has yielded $200 million of closed business to date, with $350 million more in the pipeline: we hope the Google Cloud partnership can yield similar fruitful results.</p><p><blockquote>另一个积极的进展：C3.ai 已与 Google Cloud (GOOG) 建立产品和上市合作伙伴关系。在与微软 Azure (MSFT) 现有商业协议的基础上，此次合作伙伴关系将使 C3.ai 在 Google Cloud 的客户领域拥有更大的扩张潜力，并获得 Google Cloud 的销售队伍。迄今为止，Azure合作伙伴关系已经产生了2亿美元的已完成业务，还有3.5亿美元正在筹备中：我们希望谷歌云合作伙伴关系能够产生类似的丰硕成果。</blockquote></p><p> Figure 3. C3.ai/Google Cloud partnership</p><p><blockquote>图3。C3.ai/谷歌云合作伙伴关系</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2c6e19183efc667b0bb2dd771234bfc1\" tg-width=\"640\" tg-height=\"332\" width=\"100%\" height=\"auto\"><span>Source: C3.ai Q1 earnings deck</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：C3.ai 第一季度收益表</span></p></blockquote></p><p> Going forward, management expects C3.ai to lead with some smaller, lower-priced, and high-value products like C3.ai CRM. These purpose-built applications are more plug-and-play and give a chance for C3.ai to \"land\" more customers and seed the \"expand\" opportunity for later. Per CEO Tom Siebel's prepared remarks on the&nbsp;Q1 earnings call:</p><p><blockquote>展望未来，管理层预计 C3.ai 将以 C3.ai CRM 等更小、价格更低、价值更高的产品引领潮流。这些专门构建的应用程序更加即插即用，为 C3.ai 提供了一个“获得”更多客户的机会，并为以后的“扩展”机会播下了种子。根据首席执行官 Tom Siebel 在第一季度盈利看涨期权上准备好的讲话：</blockquote></p><p>   As we have previously discussed, historically, our business has been characterized by quarter-to-quarter lumpiness due to the substantial size of our average order value.    Now as application sales become an increasingly large part of our revenue mix, roughly 50% of our subscriptions last quarter in Q1 accrued from application software. We are increasingly offering lower priced, high-value products like C3 AI CRM and Ex Machina. And as we've discussed, we've been diversifying our distribution model to complement enterprise selling with telesales, distributors, market partners and direct marketplace selling.\"  However, C3.ai's investments into sales and marketing have continued to burn holes through margins, which is a chief investor concern that has been a primary catalyst in dragging the share price down. Due to a massive increase in sales and marketing costs to 58% of revenue (25 points more than 33% in the year-ago Q2), C3.ai's pro forma operating margins hit a -42% mark in Q1, 40 points worse than the year-ago quarter. This was buffeted as well by a 12-point increase in R&amp;D expense as a percentage of revenue and a 4-point increase in general and administrative expenses, and only partially offset by a three-point bump in pro forma gross margins.</p><p><blockquote>正如我们之前所讨论的，从历史上看，由于我们的平均订单价值很大，我们的业务的特点是季度与季度之间的波动。现在，随着应用程序销售成为我们收入组合中越来越大的一部分，我们第一季度最后一个季度大约50%的订阅来自应用软件。我们越来越多地提供价格更低、价值更高的产品，如C3 AI CRM和Ex Machina。正如我们所讨论的，我们一直在使分销模式多样化，通过电话销售、分销商、市场合作伙伴和直接市场销售来补充企业销售。”然而，C3.ai 在销售和营销方面的投资继续侵蚀利润率，这是投资者的主要担忧，也是拖累股价的主要催化剂。由于销售和营销成本大幅增加至收入的 58%（比去年同期第二季度的 33% 高出 25 个百分点），C3.ai 第一季度的预计营业利润率达到-42%，比去年同期下降 40 个百分点。这也受到研发费用占收入百分比增加 12 个百分点以及一般和管理费用增加 4 个百分点的影响，但预计毛利率增长 3 个百分点仅部分抵消了这一影响。</blockquote></p><p> Figure 4. C3.ai operating margin trends</p><p><blockquote>图4。C3.ai 营业利润率趋势</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/eeb7285944ea24037260f852641bfdeb\" tg-width=\"640\" tg-height=\"333\" width=\"100%\" height=\"auto\"><span>Source: C3.ai Q1 earnings deck</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：C3.ai 第一季度收益表</span></p></blockquote></p><p> <b>Key takeaways</b></p><p><blockquote><b>主要要点</b></blockquote></p><p> C3.ai remains a grab bag of pros and cons, in my mind. On the positive front, C3.ai possesses a broad technology base, and its recent go-to-market developments (leading with smaller products like CRM to bag more customers, and a new partnership with Google Cloud) are promising growth levers. At the same time, C3.ai's relatively limited market penetration and heavy losses are worrying.</p><p><blockquote>在我看来，C3.ai 仍然是一个有利有弊的大杂烩。从积极的方面来看，C3.ai 拥有广泛的技术基础，其最近的上市发展（以 CRM 等小型产品领先以吸引更多客户，以及与 Google Cloud 的新合作伙伴关系）是有希望的增长杠杆。与此同时，C3.ai相对有限的市场渗透率和沉重的亏损令人担忧。</blockquote></p><p> At the right price, I'm a buyer. I'm waiting for a further ~20% dip in C3.ai to the low $40s before diving in, but this stock is now a firm watch list item for me.</p><p><blockquote>只要价格合适，我就是买家。我正在等待 C3.ai 进一步下跌约 20% 至 40 美元的低点，然后再潜入，但这只股票现在对我来说是一个坚定的观察清单项目。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4453772-c3ai-a-buy-point-coming-soon\">Seeking Alpha</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":{"AI":"C3.ai, Inc."},"source_url":"https://seekingalpha.com/article/4453772-c3ai-a-buy-point-coming-soon","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1181754918","content_text":"Summary\n\nC3.ai has lost 70% of its value relative to all-time highs near $170 that it notched immediately after its IPO.\nThe stock's downfall is a reflection of only middling results, and its relatively tiny traction within its market.\nC3.ai's customer concentration, especially on Baker Hughes, still remains a consistent problem.\nStill, C3.ai is approaching a buyable valuation as it hits a mid-teens multiple of this year's revenue.\n\nhapabapa/iStock Editorial via Getty Images\nSooner or later, the law of gravity comes for software stocks too: what comes up, must come down. Such was the case with C3.ai (AI), one of the hottest IPOs of the past year that immediately saw its stock price quadruple. C3.ai is an enterprise AI platform - that is, a technology base that lets its clients build and deploy artificial intelligence applications with preset tools. Investors had wide hopes for this company given the open-ended use cases this type of product can offer - but so far, C3.ai hasn't delivered the kind of growth rates that investors typically come to invest with these startup-like public equities.\nC3.ai hit an all-time high of ~$170 this February, representing a quadrupling from its IPO price of $42. Since then, the stock has crumbled and given back ~70% of its value. In early September, the company released fiscal Q1 results, which were a cause for further disappointment in the stock that caused a further ~5% dip.\nData by YCharts\nFor now, the bearish thesis has won out\nI had been bearish on C3.ai since its IPO. I've consistently called out a number of flaws with the company, including:\n\nHuge valuation for relatively normal growth rates.C3.ai, at its peaks, was trading at >40x forward revenue despite a ~30% y/y revenue growth rate - which is a massive valuation premium for what is considered a \"normal\" growth rate in enterprise software.\nCustomer concentration.C3.ai only has a handful of customers, and its largest customer Baker Hughes, the oil services giant, is also a reseller of its product. Oil and gas companies overall represent about a third of its revenue.\nMassive losses.C3.ai loses nearly a dollar, in GAAP terms, for every dollar of revenue it generates.\n\nThe only reason investors clung onto this stock was for its thematic buzz (AI, needless to say, is one of the hottest areas in software) as well as their confidence in C3.ai's founder and CEO Tom Siebel, who founded and sold Siebel Systems to Oracle (ORCL) and has many deep-seated relationships in Silicon Valley.\nBut rest assured that a buy-the-dip opportunity may be emerging\nYet as my readers know, I'm a big believer in buy-the-dip. I prefer buying into companies when sentiment is weak and waiting for the rebound, rather than risking a purchase at market tops (this is especially true as the post-pandemic bull market continues to notch new, lofty highs with each trading day). In my view, the C3.ai slump is close to breaking.\nValuation is the key here, as C3.ai's correction has no longer left the company egregiously overvalued. At current share prices near $51, C3.ai has a market cap of $5.23 billion. After we net off the $1.10 billion of cash on C3.ai's balance sheet (for a company of this size, C3.ai's cash pile is quite enormous, which is one reason to be comfortable with this stock), the company's resultingenterprise value is $4.14 billion.\nFor the current fiscal year high ends in April 2022, meanwhile, C3.ai has guided to a revenue range of $243-$247 million, representing 33-35% y/y growth. It's going to need to stretch to get there: Q1 growth clocked in at only 29% y/y, but the company is guiding to acceleration in Q2 to 35-40% y/y growth.\nFigure 1. C3.ai guidance update\nSource: C3.ai Q1 earnings deck\nIf we take the midpoint of C3.ai's FY22 guidance range at face value, the company's valuation sits at16.9x EV/FY22 revenue.That's hardly a cheap multiple, but it's far cheaper than what C3.ai was trading at earlier this year.\nThe bottom line here: I'mupgrading my view on C3.ai to neutral,and putting the stock on my watch list. I'm interested in dipping my toes into this stock if it reaches a$41 price level,representing12.5x EV/FY22 revenue.Given the fierceness of C3.ai's recent correction, we may hit those levels within the month.\nQ1 download\nC3.ai's Q1 update wasn't perfect, but it wasn't all bad, either. Take a look at the earnings summary in the chart below:\nFigure 2. C3.ai Q1 results\nSource: C3.ai Q1 earnings deck\nC3.ai grew its revenue at a 29% y/y clip to $52.4 million in revenue, which was only a minor beat versus Wall Street's expectations for $51.3 million (+27% y/y) in revenue. At the same time, C3.ai saw a minor acceleration as well from 26% y/y growth in Q4, which was a plus.\nHere's some more good news: C3.ai's enterprise AI customer base hit 98 in the quarter, up 85% y/y. One of my biggest concerns with C3.ai is the fact that it still has only a fledgling customer base; at the time of its IPO, the company's ~50 customers could hardly be construed as a true enterprise software giant in the making. Yet C3.ai's clientele does skew large, and its progress in adding new customers is a promising sign.\nAnother positive development: C3.ai has entered into both a product and go-to-market partnership with Google Cloud (GOOG). Building on top of an existing commercial agreement with Microsoft Azure (MSFT), this partnership will give C3.ai even more expansion potential into Google Cloud's universe of customers, as well as gain access to Google Cloud's sales force. The Azure partnership has yielded $200 million of closed business to date, with $350 million more in the pipeline: we hope the Google Cloud partnership can yield similar fruitful results.\nFigure 3. C3.ai/Google Cloud partnership\nSource: C3.ai Q1 earnings deck\nGoing forward, management expects C3.ai to lead with some smaller, lower-priced, and high-value products like C3.ai CRM. These purpose-built applications are more plug-and-play and give a chance for C3.ai to \"land\" more customers and seed the \"expand\" opportunity for later. Per CEO Tom Siebel's prepared remarks on the Q1 earnings call:\n\n As we have previously discussed, historically, our business has been characterized by quarter-to-quarter lumpiness due to the substantial size of our average order value.\n\n\n Now as application sales become an increasingly large part of our revenue mix, roughly 50% of our subscriptions last quarter in Q1 accrued from application software. We are increasingly offering lower priced, high-value products like C3 AI CRM and Ex Machina. And as we've discussed, we've been diversifying our distribution model to complement enterprise selling with telesales, distributors, market partners and direct marketplace selling.\"\n\nHowever, C3.ai's investments into sales and marketing have continued to burn holes through margins, which is a chief investor concern that has been a primary catalyst in dragging the share price down. Due to a massive increase in sales and marketing costs to 58% of revenue (25 points more than 33% in the year-ago Q2), C3.ai's pro forma operating margins hit a -42% mark in Q1, 40 points worse than the year-ago quarter. This was buffeted as well by a 12-point increase in R&D expense as a percentage of revenue and a 4-point increase in general and administrative expenses, and only partially offset by a three-point bump in pro forma gross margins.\nFigure 4. C3.ai operating margin trends\nSource: C3.ai Q1 earnings deck\nKey takeaways\nC3.ai remains a grab bag of pros and cons, in my mind. On the positive front, C3.ai possesses a broad technology base, and its recent go-to-market developments (leading with smaller products like CRM to bag more customers, and a new partnership with Google Cloud) are promising growth levers. At the same time, C3.ai's relatively limited market penetration and heavy losses are worrying.\nAt the right price, I'm a buyer. I'm waiting for a further ~20% dip in C3.ai to the low $40s before diving in, but this stock is now a firm watch list item for me.","news_type":1,"symbols_score_info":{"AI":0.9}},"isVote":1,"tweetType":1,"viewCount":743,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":143828178,"gmtCreate":1625788518194,"gmtModify":1633937389078,"author":{"id":"3560144122940430","authorId":"3560144122940430","name":"小小爆米花","avatar":"https://static.tigerbbs.com/a8901eea0205335d02f752d9b13e1f65","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3560144122940430","idStr":"3560144122940430"},"themes":[],"title":"","htmlText":"Correction lah. Market doesn't go up in a straight line","listText":"Correction lah. Market doesn't go up in a straight line","text":"Correction lah. Market doesn't go up in a straight line","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":12,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/143828178","repostId":"1153646457","repostType":4,"isVote":1,"tweetType":1,"viewCount":998,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":817247277,"gmtCreate":1630972365899,"gmtModify":1631890204638,"author":{"id":"3560144122940430","authorId":"3560144122940430","name":"小小爆米花","avatar":"https://static.tigerbbs.com/a8901eea0205335d02f752d9b13e1f65","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3560144122940430","idStr":"3560144122940430"},"themes":[],"title":"","htmlText":"Standby ammo","listText":"Standby ammo","text":"Standby ammo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/817247277","repostId":"1181754918","repostType":4,"repost":{"id":"1181754918","kind":"news","pubTimestamp":1630972081,"share":"https://www.laohunote.com/m/news/1181754918?lang=zh_CN&edition=full","pubTime":"2021-09-07 07:48","market":"us","language":"en","title":"C3.ai: Brace Yourself For Landing, A Buy Point Is Coming Soon<blockquote>C3.ai：做好登陆准备，买点即将到来</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1181754918","media":"Seeking Alpha","summary":"Summary\n\nC3.ai has lost 70% of its value relative to all-time highs near $170 that it notched immedi","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>C3.ai has lost 70% of its value relative to all-time highs near $170 that it notched immediately after its IPO.</li>  <li>The stock's downfall is a reflection of only middling results, and its relatively tiny traction within its market.</li>  <li>C3.ai's customer concentration, especially on Baker Hughes, still remains a consistent problem.</li>  <li>Still, C3.ai is approaching a buyable valuation as it hits a mid-teens multiple of this year's revenue.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/001ddb8ffe2cd26356ee59422c781b50\" tg-width=\"1536\" tg-height=\"1024\" width=\"100%\" height=\"auto\"><span>hapabapa/iStock Editorial via Getty Images</span></p><p><blockquote><ul><li>相对于 IPO 后立即创下的近 170 美元的历史高点，C3.ai 的价值已下跌 70%。</li><li>该股的下跌仅反映了其业绩平平，并且在市场上的吸引力相对较小。</li><li>C3.ai 的客户集中度，尤其是贝克休斯，仍然是一个持续存在的问题。</li><li>尽管如此，C3.ai 的估值仍接近可购买的估值，因为它达到了今年收入的十几倍左右。</li></ul><p class=\"t-img-caption\"><span>hapabapa/iStock 社论来自 Getty Images</span></p></blockquote></p><p> Sooner or later, the law of gravity comes for software stocks too: what comes up, must come down. Such was the case with C3.ai (AI), one of the hottest IPOs of the past year that immediately saw its stock price quadruple. C3.ai is an enterprise AI platform - that is, a technology base that lets its clients build and deploy artificial intelligence applications with preset tools. Investors had wide hopes for this company given the open-ended use cases this type of product can offer - but so far, C3.ai hasn't delivered the kind of growth rates that investors typically come to invest with these startup-like public equities.</p><p><blockquote>迟早，万有引力定律也会降临到软件股身上：上来的必然会下来。C3.ai (AI) 就是这种情况，它是去年最热门的 IPO 之一，股价立即翻了两番。C3.ai是一个企业人工智能平台——也就是说，一个技术基础，让其客户使用预设的工具构建和部署人工智能应用程序。鉴于此类产品可以提供的开放式用例，投资者对这家公司寄予厚望，但到目前为止，C3.ai 尚未实现投资者通常投资这些初创公司式公共股票的增长率。</blockquote></p><p> C3.ai hit an all-time high of ~$170 this February, representing a quadrupling from its IPO price of $42. Since then, the stock has crumbled and given back ~70% of its value. In early September, the company released fiscal Q1 results, which were a cause for further disappointment in the stock that caused a further ~5% dip.</p><p><blockquote>C3.ai 今年 2 月创下约 170 美元的历史新高，比其 42 美元的 IPO 价格翻了两番。此后，该股暴跌并返还了约 70% 的价值。9月初，该公司发布了第一财季业绩，这导致该股进一步失望，导致该股进一步下跌约5%。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/72921aed6d4198ec90336315baf0b271\" tg-width=\"635\" tg-height=\"417\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据由YCharts提供</span></p></blockquote></p><p> <b>For now, the bearish thesis has won out</b></p><p><blockquote><b>目前，看跌论点已经胜出</b></blockquote></p><p> I had been&nbsp;bearish on C3.ai&nbsp;since its IPO. I've consistently called out a number of flaws with the company, including:</p><p><blockquote>自 C3.ai 首次公开募股以来，我一直看跌它。我一直指出该公司的许多缺陷，包括：</blockquote></p><p> <ul>  <li><b>Huge valuation for relatively normal growth rates.</b>C3.ai, at its peaks, was trading at &gt;40x forward revenue despite a ~30% y/y revenue growth rate - which is a massive valuation premium for what is considered a \"normal\" growth rate in enterprise software.</li>  <li><b>Customer concentration.</b>C3.ai only has a handful of customers, and its largest customer Baker Hughes, the oil services giant, is also a reseller of its product. Oil and gas companies overall represent about a third of its revenue.</li>  <li><b>Massive losses.</b>C3.ai loses nearly a dollar, in GAAP terms, for every dollar of revenue it generates.</li> </ul> The only reason investors clung onto this stock was for its thematic buzz (AI, needless to say, is one of the hottest areas in software) as well as their confidence in C3.ai's founder and CEO Tom Siebel, who founded and sold Siebel Systems to Oracle (ORCL) and has many deep-seated relationships in Silicon Valley.</p><p><blockquote><ul><li><b>相对正常的增长率的巨大估值。</b>尽管收入同比增长率约为 30%，但 C3.ai 在巅峰时期的交易价格为远期收入的 40 倍以上——这对于企业软件的“正常”增长率来说是一个巨大的估值溢价。</li><li><b>客户集中度。</b>C3.ai的客户屈指可数，其最大客户石油服务巨头贝克休斯也是其产品的经销商。石油和天然气公司总体上约占其收入的三分之一。</li><li><b>巨大损失。</b>按照 GAAP 标准，C3.ai 每产生 1 美元收入，就会损失近 1 美元。</li></ul>投资者坚持持有这只股票的唯一原因是它的主题热度（不用说，人工智能是软件领域最热门的领域之一）以及他们对 C3.ai 创始人兼首席执行官 Tom Siebel 的信心，他创立了 Siebel Systems 并将其出售给甲骨文 (ORCL)，并在硅谷拥有许多深厚的关系。</blockquote></p><p> <b>But rest assured that a buy-the-dip opportunity may be emerging</b></p><p><blockquote><b>但请放心，逢低买入机会可能正在出现</b></blockquote></p><p> Yet as my readers know, I'm a big believer in buy-the-dip. I prefer buying into companies when sentiment is weak and waiting for the rebound, rather than risking a purchase at market tops (this is especially true as the post-pandemic bull market continues to notch new, lofty highs with each trading day). In my view, the C3.ai slump is close to breaking.</p><p><blockquote>然而，正如我的读者所知，我非常相信逢低买入。我更喜欢在市场情绪疲软并等待反弹时买入公司，而不是在市场顶部冒险买入（尤其是在大流行后的牛市每个交易日都在继续创下新的高点的情况下）。在我看来，C3.ai 的暴跌已接近崩溃。</blockquote></p><p> Valuation is the key here, as C3.ai's correction has no longer left the company egregiously overvalued. At current share prices near $51, C3.ai has a market cap of $5.23 billion. After we net off the $1.10 billion of cash on C3.ai's balance sheet (for a company of this size, C3.ai's cash pile is quite enormous, which is one reason to be comfortable with this stock), the company's resulting<b>enterprise value is $4.14 billion.</b></p><p><blockquote>估值是这里的关键，因为 C3.ai 的修正不再导致该公司被严重高估。按目前接近 51 美元的股价计算，C3.ai 的市值为 52.3 亿美元。在我们从 C3.ai 的资产负债表上扣除 11 亿美元现金后（对于这样规模的公司来说，C3.ai 的现金池相当巨大，这也是对这只股票感到满意的原因之一），该公司的结果<b>企业价值为41.4亿美元。</b></blockquote></p><p> For the current fiscal year high ends in April 2022, meanwhile, C3.ai has guided to a revenue range of $243-$247 million, representing 33-35% y/y growth. It's going to need to stretch to get there: Q1 growth clocked in at only 29% y/y, but the company is guiding to acceleration in Q2 to 35-40% y/y growth.</p><p><blockquote>与此同时，对于 2022 年 4 月结束的本财年高端，C3.ai 的收入范围为 2.43-2.47 亿美元，同比增长 33-35%。要实现这一目标，还需要付出努力：第一季度的同比增长率仅为 29%，但该公司预计第二季度的同比增长率将加速至 35-40%。</blockquote></p><p> Figure 1. C3.ai guidance update</p><p><blockquote>图1。C3.ai指南更新</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c07c9c3368340d8ddbb12dad77bcbe51\" tg-width=\"640\" tg-height=\"281\" width=\"100%\" height=\"auto\"><span>Source: C3.ai Q1 earnings deck</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：C3.ai 第一季度收益表</span></p></blockquote></p><p> If we take the midpoint of C3.ai's FY22 guidance range at face value, the company's valuation sits at<b>16.9x EV/FY22 revenue.</b>That's hardly a cheap multiple, but it's far cheaper than what C3.ai was trading at earlier this year.</p><p><blockquote>如果我们按面值取 C3.ai 2022 财年指导范围的中点，则该公司的估值为<b>16.9 倍 EV/2022 财年收入。</b>这并不是一个便宜的倍数，但比 C3.ai 今年早些时候的交易价格便宜得多。</blockquote></p><p></p><p> The bottom line here: I'm<b>upgrading my view on C3.ai to neutral,</b>and putting the stock on my watch list. I'm interested in dipping my toes into this stock if it reaches a<b>$41 price level,</b>representing<b>12.5x EV/FY22 revenue.</b>Given the fierceness of C3.ai's recent correction, we may hit those levels within the month.</p><p><blockquote>底线是：我是<b>将我对C3.ai的看法升级为中立，</b>把股票列入我的观察名单。如果这只股票达到<b>41美元的价格水平，</b>代表<b>12.5 倍 EV/2022 财年收入。</b>鉴于 C3.ai 最近调整的剧烈程度，我们可能会在一个月内达到这些水平。</blockquote></p><p> <b>Q1 download</b></p><p><blockquote><b>Q1下载</b></blockquote></p><p> C3.ai's Q1 update wasn't perfect, but it wasn't all bad, either. Take a look at the earnings summary in the chart below:</p><p><blockquote>C3.ai 的第一季度更新并不完美，但也不全是坏事。看看下图中的收益摘要：</blockquote></p><p> Figure 2. C3.ai Q1 results</p><p><blockquote>图2。C3.ai Q1业绩</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cd17939012426be90aef9075eb37faf6\" tg-width=\"640\" tg-height=\"422\" width=\"100%\" height=\"auto\"><span>Source: C3.ai Q1 earnings deck</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：C3.ai 第一季度收益表</span></p></blockquote></p><p> C3.ai grew its revenue at a 29% y/y clip to $52.4 million in revenue, which was only a minor beat versus Wall Street's expectations for $51.3 million (+27% y/y) in revenue. At the same time, C3.ai saw a minor acceleration as well from 26% y/y growth in Q4, which was a plus.</p><p><blockquote>C3.ai 的收入同比增长 29%，达到 5240 万美元，仅略高于华尔街预期的 5130 万美元（同比增长 27%）。与此同时，C3.ai 也较第四季度 26% 的同比增长略有加速，这是一个利好。</blockquote></p><p> Here's some more good news: C3.ai's enterprise AI customer base hit 98 in the quarter, up 85% y/y. One of my biggest concerns with C3.ai is the fact that it still has only a fledgling customer base; at the time of its IPO, the company's ~50 customers could hardly be construed as a true enterprise software giant in the making. Yet C3.ai's clientele does skew large, and its progress in adding new customers is a promising sign.</p><p><blockquote>这里还有一些好消息：C3.ai 的企业人工智能客户群本季度达到 98 个，同比增长 85%。我对C3.ai最大的担忧之一是它仍然只有一个羽翼未丰的客户群；在IPO时，该公司的约50名客户很难被解释为一个真正的企业软件巨头。然而，C3.ai 的客户群确实存在很大的偏差，其在增加新客户方面的进展是一个充满希望的迹象。</blockquote></p><p> Another positive development: C3.ai has entered into both a product and go-to-market partnership with Google Cloud (GOOG). Building on top of an existing commercial agreement with Microsoft Azure (MSFT), this partnership will give C3.ai even more expansion potential into Google Cloud's universe of customers, as well as gain access to Google Cloud's sales force. The Azure partnership has yielded $200 million of closed business to date, with $350 million more in the pipeline: we hope the Google Cloud partnership can yield similar fruitful results.</p><p><blockquote>另一个积极的进展：C3.ai 已与 Google Cloud (GOOG) 建立产品和上市合作伙伴关系。在与微软 Azure (MSFT) 现有商业协议的基础上，此次合作伙伴关系将使 C3.ai 在 Google Cloud 的客户领域拥有更大的扩张潜力，并获得 Google Cloud 的销售队伍。迄今为止，Azure合作伙伴关系已经产生了2亿美元的已完成业务，还有3.5亿美元正在筹备中：我们希望谷歌云合作伙伴关系能够产生类似的丰硕成果。</blockquote></p><p> Figure 3. C3.ai/Google Cloud partnership</p><p><blockquote>图3。C3.ai/谷歌云合作伙伴关系</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2c6e19183efc667b0bb2dd771234bfc1\" tg-width=\"640\" tg-height=\"332\" width=\"100%\" height=\"auto\"><span>Source: C3.ai Q1 earnings deck</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：C3.ai 第一季度收益表</span></p></blockquote></p><p> Going forward, management expects C3.ai to lead with some smaller, lower-priced, and high-value products like C3.ai CRM. These purpose-built applications are more plug-and-play and give a chance for C3.ai to \"land\" more customers and seed the \"expand\" opportunity for later. Per CEO Tom Siebel's prepared remarks on the&nbsp;Q1 earnings call:</p><p><blockquote>展望未来，管理层预计 C3.ai 将以 C3.ai CRM 等更小、价格更低、价值更高的产品引领潮流。这些专门构建的应用程序更加即插即用，为 C3.ai 提供了一个“获得”更多客户的机会，并为以后的“扩展”机会播下了种子。根据首席执行官 Tom Siebel 在第一季度盈利看涨期权上准备好的讲话：</blockquote></p><p>   As we have previously discussed, historically, our business has been characterized by quarter-to-quarter lumpiness due to the substantial size of our average order value.    Now as application sales become an increasingly large part of our revenue mix, roughly 50% of our subscriptions last quarter in Q1 accrued from application software. We are increasingly offering lower priced, high-value products like C3 AI CRM and Ex Machina. And as we've discussed, we've been diversifying our distribution model to complement enterprise selling with telesales, distributors, market partners and direct marketplace selling.\"  However, C3.ai's investments into sales and marketing have continued to burn holes through margins, which is a chief investor concern that has been a primary catalyst in dragging the share price down. Due to a massive increase in sales and marketing costs to 58% of revenue (25 points more than 33% in the year-ago Q2), C3.ai's pro forma operating margins hit a -42% mark in Q1, 40 points worse than the year-ago quarter. This was buffeted as well by a 12-point increase in R&amp;D expense as a percentage of revenue and a 4-point increase in general and administrative expenses, and only partially offset by a three-point bump in pro forma gross margins.</p><p><blockquote>正如我们之前所讨论的，从历史上看，由于我们的平均订单价值很大，我们的业务的特点是季度与季度之间的波动。现在，随着应用程序销售成为我们收入组合中越来越大的一部分，我们第一季度最后一个季度大约50%的订阅来自应用软件。我们越来越多地提供价格更低、价值更高的产品，如C3 AI CRM和Ex Machina。正如我们所讨论的，我们一直在使分销模式多样化，通过电话销售、分销商、市场合作伙伴和直接市场销售来补充企业销售。”然而，C3.ai 在销售和营销方面的投资继续侵蚀利润率，这是投资者的主要担忧，也是拖累股价的主要催化剂。由于销售和营销成本大幅增加至收入的 58%（比去年同期第二季度的 33% 高出 25 个百分点），C3.ai 第一季度的预计营业利润率达到-42%，比去年同期下降 40 个百分点。这也受到研发费用占收入百分比增加 12 个百分点以及一般和管理费用增加 4 个百分点的影响，但预计毛利率增长 3 个百分点仅部分抵消了这一影响。</blockquote></p><p> Figure 4. C3.ai operating margin trends</p><p><blockquote>图4。C3.ai 营业利润率趋势</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/eeb7285944ea24037260f852641bfdeb\" tg-width=\"640\" tg-height=\"333\" width=\"100%\" height=\"auto\"><span>Source: C3.ai Q1 earnings deck</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：C3.ai 第一季度收益表</span></p></blockquote></p><p> <b>Key takeaways</b></p><p><blockquote><b>主要要点</b></blockquote></p><p> C3.ai remains a grab bag of pros and cons, in my mind. On the positive front, C3.ai possesses a broad technology base, and its recent go-to-market developments (leading with smaller products like CRM to bag more customers, and a new partnership with Google Cloud) are promising growth levers. At the same time, C3.ai's relatively limited market penetration and heavy losses are worrying.</p><p><blockquote>在我看来，C3.ai 仍然是一个有利有弊的大杂烩。从积极的方面来看，C3.ai 拥有广泛的技术基础，其最近的上市发展（以 CRM 等小型产品领先以吸引更多客户，以及与 Google Cloud 的新合作伙伴关系）是有希望的增长杠杆。与此同时，C3.ai相对有限的市场渗透率和沉重的亏损令人担忧。</blockquote></p><p> At the right price, I'm a buyer. I'm waiting for a further ~20% dip in C3.ai to the low $40s before diving in, but this stock is now a firm watch list item for me.</p><p><blockquote>只要价格合适，我就是买家。我正在等待 C3.ai 进一步下跌约 20% 至 40 美元的低点，然后再潜入，但这只股票现在对我来说是一个坚定的观察清单项目。</blockquote></p><p></p>","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>C3.ai: Brace Yourself For Landing, A Buy Point Is Coming Soon<blockquote>C3.ai：做好登陆准备，买点即将到来</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\">\nC3.ai: Brace Yourself For Landing, A Buy Point Is Coming Soon<blockquote>C3.ai：做好登陆准备，买点即将到来</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Seeking Alpha</strong><span class=\"h-time small\">2021-09-07 07:48</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>C3.ai has lost 70% of its value relative to all-time highs near $170 that it notched immediately after its IPO.</li>  <li>The stock's downfall is a reflection of only middling results, and its relatively tiny traction within its market.</li>  <li>C3.ai's customer concentration, especially on Baker Hughes, still remains a consistent problem.</li>  <li>Still, C3.ai is approaching a buyable valuation as it hits a mid-teens multiple of this year's revenue.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/001ddb8ffe2cd26356ee59422c781b50\" tg-width=\"1536\" tg-height=\"1024\" width=\"100%\" height=\"auto\"><span>hapabapa/iStock Editorial via Getty Images</span></p><p><blockquote><ul><li>相对于 IPO 后立即创下的近 170 美元的历史高点，C3.ai 的价值已下跌 70%。</li><li>该股的下跌仅反映了其业绩平平，并且在市场上的吸引力相对较小。</li><li>C3.ai 的客户集中度，尤其是贝克休斯，仍然是一个持续存在的问题。</li><li>尽管如此，C3.ai 的估值仍接近可购买的估值，因为它达到了今年收入的十几倍左右。</li></ul><p class=\"t-img-caption\"><span>hapabapa/iStock 社论来自 Getty Images</span></p></blockquote></p><p> Sooner or later, the law of gravity comes for software stocks too: what comes up, must come down. Such was the case with C3.ai (AI), one of the hottest IPOs of the past year that immediately saw its stock price quadruple. C3.ai is an enterprise AI platform - that is, a technology base that lets its clients build and deploy artificial intelligence applications with preset tools. Investors had wide hopes for this company given the open-ended use cases this type of product can offer - but so far, C3.ai hasn't delivered the kind of growth rates that investors typically come to invest with these startup-like public equities.</p><p><blockquote>迟早，万有引力定律也会降临到软件股身上：上来的必然会下来。C3.ai (AI) 就是这种情况，它是去年最热门的 IPO 之一，股价立即翻了两番。C3.ai是一个企业人工智能平台——也就是说，一个技术基础，让其客户使用预设的工具构建和部署人工智能应用程序。鉴于此类产品可以提供的开放式用例，投资者对这家公司寄予厚望，但到目前为止，C3.ai 尚未实现投资者通常投资这些初创公司式公共股票的增长率。</blockquote></p><p> C3.ai hit an all-time high of ~$170 this February, representing a quadrupling from its IPO price of $42. Since then, the stock has crumbled and given back ~70% of its value. In early September, the company released fiscal Q1 results, which were a cause for further disappointment in the stock that caused a further ~5% dip.</p><p><blockquote>C3.ai 今年 2 月创下约 170 美元的历史新高，比其 42 美元的 IPO 价格翻了两番。此后，该股暴跌并返还了约 70% 的价值。9月初，该公司发布了第一财季业绩，这导致该股进一步失望，导致该股进一步下跌约5%。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/72921aed6d4198ec90336315baf0b271\" tg-width=\"635\" tg-height=\"417\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据由YCharts提供</span></p></blockquote></p><p> <b>For now, the bearish thesis has won out</b></p><p><blockquote><b>目前，看跌论点已经胜出</b></blockquote></p><p> I had been&nbsp;bearish on C3.ai&nbsp;since its IPO. I've consistently called out a number of flaws with the company, including:</p><p><blockquote>自 C3.ai 首次公开募股以来，我一直看跌它。我一直指出该公司的许多缺陷，包括：</blockquote></p><p> <ul>  <li><b>Huge valuation for relatively normal growth rates.</b>C3.ai, at its peaks, was trading at &gt;40x forward revenue despite a ~30% y/y revenue growth rate - which is a massive valuation premium for what is considered a \"normal\" growth rate in enterprise software.</li>  <li><b>Customer concentration.</b>C3.ai only has a handful of customers, and its largest customer Baker Hughes, the oil services giant, is also a reseller of its product. Oil and gas companies overall represent about a third of its revenue.</li>  <li><b>Massive losses.</b>C3.ai loses nearly a dollar, in GAAP terms, for every dollar of revenue it generates.</li> </ul> The only reason investors clung onto this stock was for its thematic buzz (AI, needless to say, is one of the hottest areas in software) as well as their confidence in C3.ai's founder and CEO Tom Siebel, who founded and sold Siebel Systems to Oracle (ORCL) and has many deep-seated relationships in Silicon Valley.</p><p><blockquote><ul><li><b>相对正常的增长率的巨大估值。</b>尽管收入同比增长率约为 30%，但 C3.ai 在巅峰时期的交易价格为远期收入的 40 倍以上——这对于企业软件的“正常”增长率来说是一个巨大的估值溢价。</li><li><b>客户集中度。</b>C3.ai的客户屈指可数，其最大客户石油服务巨头贝克休斯也是其产品的经销商。石油和天然气公司总体上约占其收入的三分之一。</li><li><b>巨大损失。</b>按照 GAAP 标准，C3.ai 每产生 1 美元收入，就会损失近 1 美元。</li></ul>投资者坚持持有这只股票的唯一原因是它的主题热度（不用说，人工智能是软件领域最热门的领域之一）以及他们对 C3.ai 创始人兼首席执行官 Tom Siebel 的信心，他创立了 Siebel Systems 并将其出售给甲骨文 (ORCL)，并在硅谷拥有许多深厚的关系。</blockquote></p><p> <b>But rest assured that a buy-the-dip opportunity may be emerging</b></p><p><blockquote><b>但请放心，逢低买入机会可能正在出现</b></blockquote></p><p> Yet as my readers know, I'm a big believer in buy-the-dip. I prefer buying into companies when sentiment is weak and waiting for the rebound, rather than risking a purchase at market tops (this is especially true as the post-pandemic bull market continues to notch new, lofty highs with each trading day). In my view, the C3.ai slump is close to breaking.</p><p><blockquote>然而，正如我的读者所知，我非常相信逢低买入。我更喜欢在市场情绪疲软并等待反弹时买入公司，而不是在市场顶部冒险买入（尤其是在大流行后的牛市每个交易日都在继续创下新的高点的情况下）。在我看来，C3.ai 的暴跌已接近崩溃。</blockquote></p><p> Valuation is the key here, as C3.ai's correction has no longer left the company egregiously overvalued. At current share prices near $51, C3.ai has a market cap of $5.23 billion. After we net off the $1.10 billion of cash on C3.ai's balance sheet (for a company of this size, C3.ai's cash pile is quite enormous, which is one reason to be comfortable with this stock), the company's resulting<b>enterprise value is $4.14 billion.</b></p><p><blockquote>估值是这里的关键，因为 C3.ai 的修正不再导致该公司被严重高估。按目前接近 51 美元的股价计算，C3.ai 的市值为 52.3 亿美元。在我们从 C3.ai 的资产负债表上扣除 11 亿美元现金后（对于这样规模的公司来说，C3.ai 的现金池相当巨大，这也是对这只股票感到满意的原因之一），该公司的结果<b>企业价值为41.4亿美元。</b></blockquote></p><p> For the current fiscal year high ends in April 2022, meanwhile, C3.ai has guided to a revenue range of $243-$247 million, representing 33-35% y/y growth. It's going to need to stretch to get there: Q1 growth clocked in at only 29% y/y, but the company is guiding to acceleration in Q2 to 35-40% y/y growth.</p><p><blockquote>与此同时，对于 2022 年 4 月结束的本财年高端，C3.ai 的收入范围为 2.43-2.47 亿美元，同比增长 33-35%。要实现这一目标，还需要付出努力：第一季度的同比增长率仅为 29%，但该公司预计第二季度的同比增长率将加速至 35-40%。</blockquote></p><p> Figure 1. C3.ai guidance update</p><p><blockquote>图1。C3.ai指南更新</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c07c9c3368340d8ddbb12dad77bcbe51\" tg-width=\"640\" tg-height=\"281\" width=\"100%\" height=\"auto\"><span>Source: C3.ai Q1 earnings deck</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：C3.ai 第一季度收益表</span></p></blockquote></p><p> If we take the midpoint of C3.ai's FY22 guidance range at face value, the company's valuation sits at<b>16.9x EV/FY22 revenue.</b>That's hardly a cheap multiple, but it's far cheaper than what C3.ai was trading at earlier this year.</p><p><blockquote>如果我们按面值取 C3.ai 2022 财年指导范围的中点，则该公司的估值为<b>16.9 倍 EV/2022 财年收入。</b>这并不是一个便宜的倍数，但比 C3.ai 今年早些时候的交易价格便宜得多。</blockquote></p><p></p><p> The bottom line here: I'm<b>upgrading my view on C3.ai to neutral,</b>and putting the stock on my watch list. I'm interested in dipping my toes into this stock if it reaches a<b>$41 price level,</b>representing<b>12.5x EV/FY22 revenue.</b>Given the fierceness of C3.ai's recent correction, we may hit those levels within the month.</p><p><blockquote>底线是：我是<b>将我对C3.ai的看法升级为中立，</b>把股票列入我的观察名单。如果这只股票达到<b>41美元的价格水平，</b>代表<b>12.5 倍 EV/2022 财年收入。</b>鉴于 C3.ai 最近调整的剧烈程度，我们可能会在一个月内达到这些水平。</blockquote></p><p> <b>Q1 download</b></p><p><blockquote><b>Q1下载</b></blockquote></p><p> C3.ai's Q1 update wasn't perfect, but it wasn't all bad, either. Take a look at the earnings summary in the chart below:</p><p><blockquote>C3.ai 的第一季度更新并不完美，但也不全是坏事。看看下图中的收益摘要：</blockquote></p><p> Figure 2. C3.ai Q1 results</p><p><blockquote>图2。C3.ai Q1业绩</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cd17939012426be90aef9075eb37faf6\" tg-width=\"640\" tg-height=\"422\" width=\"100%\" height=\"auto\"><span>Source: C3.ai Q1 earnings deck</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：C3.ai 第一季度收益表</span></p></blockquote></p><p> C3.ai grew its revenue at a 29% y/y clip to $52.4 million in revenue, which was only a minor beat versus Wall Street's expectations for $51.3 million (+27% y/y) in revenue. At the same time, C3.ai saw a minor acceleration as well from 26% y/y growth in Q4, which was a plus.</p><p><blockquote>C3.ai 的收入同比增长 29%，达到 5240 万美元，仅略高于华尔街预期的 5130 万美元（同比增长 27%）。与此同时，C3.ai 也较第四季度 26% 的同比增长略有加速，这是一个利好。</blockquote></p><p> Here's some more good news: C3.ai's enterprise AI customer base hit 98 in the quarter, up 85% y/y. One of my biggest concerns with C3.ai is the fact that it still has only a fledgling customer base; at the time of its IPO, the company's ~50 customers could hardly be construed as a true enterprise software giant in the making. Yet C3.ai's clientele does skew large, and its progress in adding new customers is a promising sign.</p><p><blockquote>这里还有一些好消息：C3.ai 的企业人工智能客户群本季度达到 98 个，同比增长 85%。我对C3.ai最大的担忧之一是它仍然只有一个羽翼未丰的客户群；在IPO时，该公司的约50名客户很难被解释为一个真正的企业软件巨头。然而，C3.ai 的客户群确实存在很大的偏差，其在增加新客户方面的进展是一个充满希望的迹象。</blockquote></p><p> Another positive development: C3.ai has entered into both a product and go-to-market partnership with Google Cloud (GOOG). Building on top of an existing commercial agreement with Microsoft Azure (MSFT), this partnership will give C3.ai even more expansion potential into Google Cloud's universe of customers, as well as gain access to Google Cloud's sales force. The Azure partnership has yielded $200 million of closed business to date, with $350 million more in the pipeline: we hope the Google Cloud partnership can yield similar fruitful results.</p><p><blockquote>另一个积极的进展：C3.ai 已与 Google Cloud (GOOG) 建立产品和上市合作伙伴关系。在与微软 Azure (MSFT) 现有商业协议的基础上，此次合作伙伴关系将使 C3.ai 在 Google Cloud 的客户领域拥有更大的扩张潜力，并获得 Google Cloud 的销售队伍。迄今为止，Azure合作伙伴关系已经产生了2亿美元的已完成业务，还有3.5亿美元正在筹备中：我们希望谷歌云合作伙伴关系能够产生类似的丰硕成果。</blockquote></p><p> Figure 3. C3.ai/Google Cloud partnership</p><p><blockquote>图3。C3.ai/谷歌云合作伙伴关系</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2c6e19183efc667b0bb2dd771234bfc1\" tg-width=\"640\" tg-height=\"332\" width=\"100%\" height=\"auto\"><span>Source: C3.ai Q1 earnings deck</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：C3.ai 第一季度收益表</span></p></blockquote></p><p> Going forward, management expects C3.ai to lead with some smaller, lower-priced, and high-value products like C3.ai CRM. These purpose-built applications are more plug-and-play and give a chance for C3.ai to \"land\" more customers and seed the \"expand\" opportunity for later. Per CEO Tom Siebel's prepared remarks on the&nbsp;Q1 earnings call:</p><p><blockquote>展望未来，管理层预计 C3.ai 将以 C3.ai CRM 等更小、价格更低、价值更高的产品引领潮流。这些专门构建的应用程序更加即插即用，为 C3.ai 提供了一个“获得”更多客户的机会，并为以后的“扩展”机会播下了种子。根据首席执行官 Tom Siebel 在第一季度盈利看涨期权上准备好的讲话：</blockquote></p><p>   As we have previously discussed, historically, our business has been characterized by quarter-to-quarter lumpiness due to the substantial size of our average order value.    Now as application sales become an increasingly large part of our revenue mix, roughly 50% of our subscriptions last quarter in Q1 accrued from application software. We are increasingly offering lower priced, high-value products like C3 AI CRM and Ex Machina. And as we've discussed, we've been diversifying our distribution model to complement enterprise selling with telesales, distributors, market partners and direct marketplace selling.\"  However, C3.ai's investments into sales and marketing have continued to burn holes through margins, which is a chief investor concern that has been a primary catalyst in dragging the share price down. Due to a massive increase in sales and marketing costs to 58% of revenue (25 points more than 33% in the year-ago Q2), C3.ai's pro forma operating margins hit a -42% mark in Q1, 40 points worse than the year-ago quarter. This was buffeted as well by a 12-point increase in R&amp;D expense as a percentage of revenue and a 4-point increase in general and administrative expenses, and only partially offset by a three-point bump in pro forma gross margins.</p><p><blockquote>正如我们之前所讨论的，从历史上看，由于我们的平均订单价值很大，我们的业务的特点是季度与季度之间的波动。现在，随着应用程序销售成为我们收入组合中越来越大的一部分，我们第一季度最后一个季度大约50%的订阅来自应用软件。我们越来越多地提供价格更低、价值更高的产品，如C3 AI CRM和Ex Machina。正如我们所讨论的，我们一直在使分销模式多样化，通过电话销售、分销商、市场合作伙伴和直接市场销售来补充企业销售。”然而，C3.ai 在销售和营销方面的投资继续侵蚀利润率，这是投资者的主要担忧，也是拖累股价的主要催化剂。由于销售和营销成本大幅增加至收入的 58%（比去年同期第二季度的 33% 高出 25 个百分点），C3.ai 第一季度的预计营业利润率达到-42%，比去年同期下降 40 个百分点。这也受到研发费用占收入百分比增加 12 个百分点以及一般和管理费用增加 4 个百分点的影响，但预计毛利率增长 3 个百分点仅部分抵消了这一影响。</blockquote></p><p> Figure 4. C3.ai operating margin trends</p><p><blockquote>图4。C3.ai 营业利润率趋势</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/eeb7285944ea24037260f852641bfdeb\" tg-width=\"640\" tg-height=\"333\" width=\"100%\" height=\"auto\"><span>Source: C3.ai Q1 earnings deck</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：C3.ai 第一季度收益表</span></p></blockquote></p><p> <b>Key takeaways</b></p><p><blockquote><b>主要要点</b></blockquote></p><p> C3.ai remains a grab bag of pros and cons, in my mind. On the positive front, C3.ai possesses a broad technology base, and its recent go-to-market developments (leading with smaller products like CRM to bag more customers, and a new partnership with Google Cloud) are promising growth levers. At the same time, C3.ai's relatively limited market penetration and heavy losses are worrying.</p><p><blockquote>在我看来，C3.ai 仍然是一个有利有弊的大杂烩。从积极的方面来看，C3.ai 拥有广泛的技术基础，其最近的上市发展（以 CRM 等小型产品领先以吸引更多客户，以及与 Google Cloud 的新合作伙伴关系）是有希望的增长杠杆。与此同时，C3.ai相对有限的市场渗透率和沉重的亏损令人担忧。</blockquote></p><p> At the right price, I'm a buyer. I'm waiting for a further ~20% dip in C3.ai to the low $40s before diving in, but this stock is now a firm watch list item for me.</p><p><blockquote>只要价格合适，我就是买家。我正在等待 C3.ai 进一步下跌约 20% 至 40 美元的低点，然后再潜入，但这只股票现在对我来说是一个坚定的观察清单项目。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4453772-c3ai-a-buy-point-coming-soon\">Seeking Alpha</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":{"AI":"C3.ai, Inc."},"source_url":"https://seekingalpha.com/article/4453772-c3ai-a-buy-point-coming-soon","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1181754918","content_text":"Summary\n\nC3.ai has lost 70% of its value relative to all-time highs near $170 that it notched immediately after its IPO.\nThe stock's downfall is a reflection of only middling results, and its relatively tiny traction within its market.\nC3.ai's customer concentration, especially on Baker Hughes, still remains a consistent problem.\nStill, C3.ai is approaching a buyable valuation as it hits a mid-teens multiple of this year's revenue.\n\nhapabapa/iStock Editorial via Getty Images\nSooner or later, the law of gravity comes for software stocks too: what comes up, must come down. Such was the case with C3.ai (AI), one of the hottest IPOs of the past year that immediately saw its stock price quadruple. C3.ai is an enterprise AI platform - that is, a technology base that lets its clients build and deploy artificial intelligence applications with preset tools. Investors had wide hopes for this company given the open-ended use cases this type of product can offer - but so far, C3.ai hasn't delivered the kind of growth rates that investors typically come to invest with these startup-like public equities.\nC3.ai hit an all-time high of ~$170 this February, representing a quadrupling from its IPO price of $42. Since then, the stock has crumbled and given back ~70% of its value. In early September, the company released fiscal Q1 results, which were a cause for further disappointment in the stock that caused a further ~5% dip.\nData by YCharts\nFor now, the bearish thesis has won out\nI had been bearish on C3.ai since its IPO. I've consistently called out a number of flaws with the company, including:\n\nHuge valuation for relatively normal growth rates.C3.ai, at its peaks, was trading at >40x forward revenue despite a ~30% y/y revenue growth rate - which is a massive valuation premium for what is considered a \"normal\" growth rate in enterprise software.\nCustomer concentration.C3.ai only has a handful of customers, and its largest customer Baker Hughes, the oil services giant, is also a reseller of its product. Oil and gas companies overall represent about a third of its revenue.\nMassive losses.C3.ai loses nearly a dollar, in GAAP terms, for every dollar of revenue it generates.\n\nThe only reason investors clung onto this stock was for its thematic buzz (AI, needless to say, is one of the hottest areas in software) as well as their confidence in C3.ai's founder and CEO Tom Siebel, who founded and sold Siebel Systems to Oracle (ORCL) and has many deep-seated relationships in Silicon Valley.\nBut rest assured that a buy-the-dip opportunity may be emerging\nYet as my readers know, I'm a big believer in buy-the-dip. I prefer buying into companies when sentiment is weak and waiting for the rebound, rather than risking a purchase at market tops (this is especially true as the post-pandemic bull market continues to notch new, lofty highs with each trading day). In my view, the C3.ai slump is close to breaking.\nValuation is the key here, as C3.ai's correction has no longer left the company egregiously overvalued. At current share prices near $51, C3.ai has a market cap of $5.23 billion. After we net off the $1.10 billion of cash on C3.ai's balance sheet (for a company of this size, C3.ai's cash pile is quite enormous, which is one reason to be comfortable with this stock), the company's resultingenterprise value is $4.14 billion.\nFor the current fiscal year high ends in April 2022, meanwhile, C3.ai has guided to a revenue range of $243-$247 million, representing 33-35% y/y growth. It's going to need to stretch to get there: Q1 growth clocked in at only 29% y/y, but the company is guiding to acceleration in Q2 to 35-40% y/y growth.\nFigure 1. C3.ai guidance update\nSource: C3.ai Q1 earnings deck\nIf we take the midpoint of C3.ai's FY22 guidance range at face value, the company's valuation sits at16.9x EV/FY22 revenue.That's hardly a cheap multiple, but it's far cheaper than what C3.ai was trading at earlier this year.\nThe bottom line here: I'mupgrading my view on C3.ai to neutral,and putting the stock on my watch list. I'm interested in dipping my toes into this stock if it reaches a$41 price level,representing12.5x EV/FY22 revenue.Given the fierceness of C3.ai's recent correction, we may hit those levels within the month.\nQ1 download\nC3.ai's Q1 update wasn't perfect, but it wasn't all bad, either. Take a look at the earnings summary in the chart below:\nFigure 2. C3.ai Q1 results\nSource: C3.ai Q1 earnings deck\nC3.ai grew its revenue at a 29% y/y clip to $52.4 million in revenue, which was only a minor beat versus Wall Street's expectations for $51.3 million (+27% y/y) in revenue. At the same time, C3.ai saw a minor acceleration as well from 26% y/y growth in Q4, which was a plus.\nHere's some more good news: C3.ai's enterprise AI customer base hit 98 in the quarter, up 85% y/y. One of my biggest concerns with C3.ai is the fact that it still has only a fledgling customer base; at the time of its IPO, the company's ~50 customers could hardly be construed as a true enterprise software giant in the making. Yet C3.ai's clientele does skew large, and its progress in adding new customers is a promising sign.\nAnother positive development: C3.ai has entered into both a product and go-to-market partnership with Google Cloud (GOOG). Building on top of an existing commercial agreement with Microsoft Azure (MSFT), this partnership will give C3.ai even more expansion potential into Google Cloud's universe of customers, as well as gain access to Google Cloud's sales force. The Azure partnership has yielded $200 million of closed business to date, with $350 million more in the pipeline: we hope the Google Cloud partnership can yield similar fruitful results.\nFigure 3. C3.ai/Google Cloud partnership\nSource: C3.ai Q1 earnings deck\nGoing forward, management expects C3.ai to lead with some smaller, lower-priced, and high-value products like C3.ai CRM. These purpose-built applications are more plug-and-play and give a chance for C3.ai to \"land\" more customers and seed the \"expand\" opportunity for later. Per CEO Tom Siebel's prepared remarks on the Q1 earnings call:\n\n As we have previously discussed, historically, our business has been characterized by quarter-to-quarter lumpiness due to the substantial size of our average order value.\n\n\n Now as application sales become an increasingly large part of our revenue mix, roughly 50% of our subscriptions last quarter in Q1 accrued from application software. We are increasingly offering lower priced, high-value products like C3 AI CRM and Ex Machina. And as we've discussed, we've been diversifying our distribution model to complement enterprise selling with telesales, distributors, market partners and direct marketplace selling.\"\n\nHowever, C3.ai's investments into sales and marketing have continued to burn holes through margins, which is a chief investor concern that has been a primary catalyst in dragging the share price down. Due to a massive increase in sales and marketing costs to 58% of revenue (25 points more than 33% in the year-ago Q2), C3.ai's pro forma operating margins hit a -42% mark in Q1, 40 points worse than the year-ago quarter. This was buffeted as well by a 12-point increase in R&D expense as a percentage of revenue and a 4-point increase in general and administrative expenses, and only partially offset by a three-point bump in pro forma gross margins.\nFigure 4. C3.ai operating margin trends\nSource: C3.ai Q1 earnings deck\nKey takeaways\nC3.ai remains a grab bag of pros and cons, in my mind. On the positive front, C3.ai possesses a broad technology base, and its recent go-to-market developments (leading with smaller products like CRM to bag more customers, and a new partnership with Google Cloud) are promising growth levers. At the same time, C3.ai's relatively limited market penetration and heavy losses are worrying.\nAt the right price, I'm a buyer. I'm waiting for a further ~20% dip in C3.ai to the low $40s before diving in, but this stock is now a firm watch list item for me.","news_type":1,"symbols_score_info":{"AI":0.9}},"isVote":1,"tweetType":1,"viewCount":743,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":173147401,"gmtCreate":1626650364303,"gmtModify":1633925350545,"author":{"id":"3560144122940430","authorId":"3560144122940430","name":"小小爆米花","avatar":"https://static.tigerbbs.com/a8901eea0205335d02f752d9b13e1f65","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3560144122940430","idStr":"3560144122940430"},"themes":[],"title":"","htmlText":"If you keep shouting that we are entering a bear market, you will eventually be right&nbsp;[开心]&nbsp;","listText":"If you keep shouting that we are entering a bear market, you will eventually be right&nbsp;[开心]&nbsp;","text":"If you keep shouting that we are entering a bear market, you will eventually be right [开心]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/173147401","repostId":"1123755908","repostType":4,"isVote":1,"tweetType":1,"viewCount":1270,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":810145740,"gmtCreate":1629956750480,"gmtModify":1631892214336,"author":{"id":"3560144122940430","authorId":"3560144122940430","name":"小小爆米花","avatar":"https://static.tigerbbs.com/a8901eea0205335d02f752d9b13e1f65","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3560144122940430","idStr":"3560144122940430"},"themes":[],"title":"","htmlText":"Very neutral article","listText":"Very neutral article","text":"Very neutral article","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/810145740","repostId":"2162061384","repostType":4,"isVote":1,"tweetType":1,"viewCount":445,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":899454267,"gmtCreate":1628212379959,"gmtModify":1633752581591,"author":{"id":"3560144122940430","authorId":"3560144122940430","name":"小小爆米花","avatar":"https://static.tigerbbs.com/a8901eea0205335d02f752d9b13e1f65","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3560144122940430","idStr":"3560144122940430"},"themes":[],"title":"","htmlText":"Up up and away&nbsp;","listText":"Up up and away&nbsp;","text":"Up up and away","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/899454267","repostId":"2157456017","repostType":4,"isVote":1,"tweetType":1,"viewCount":412,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":176556846,"gmtCreate":1626909465985,"gmtModify":1633769949347,"author":{"id":"3560144122940430","authorId":"3560144122940430","name":"小小爆米花","avatar":"https://static.tigerbbs.com/a8901eea0205335d02f752d9b13e1f65","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3560144122940430","idStr":"3560144122940430"},"themes":[],"title":"","htmlText":"To the moon?","listText":"To the moon?","text":"To the moon?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/176556846","repostId":"2153477496","repostType":4,"isVote":1,"tweetType":1,"viewCount":728,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":827652931,"gmtCreate":1634467490233,"gmtModify":1634467490599,"author":{"id":"3560144122940430","authorId":"3560144122940430","name":"小小爆米花","avatar":"https://static.tigerbbs.com/a8901eea0205335d02f752d9b13e1f65","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3560144122940430","idStr":"3560144122940430"},"themes":[],"title":"","htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/827652931","repostId":"2175146556","repostType":4,"isVote":1,"tweetType":1,"viewCount":3863,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":883711828,"gmtCreate":1631272741364,"gmtModify":1631890204637,"author":{"id":"3560144122940430","authorId":"3560144122940430","name":"小小爆米花","avatar":"https://static.tigerbbs.com/a8901eea0205335d02f752d9b13e1f65","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3560144122940430","idStr":"3560144122940430"},"themes":[],"title":"","htmlText":"We will know if MS is correct in another 3 months","listText":"We will know if MS is correct in another 3 months","text":"We will know if MS is correct in another 3 months","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/883711828","repostId":"2166897344","repostType":4,"isVote":1,"tweetType":1,"viewCount":720,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":894128138,"gmtCreate":1628812721524,"gmtModify":1631884790348,"author":{"id":"3560144122940430","authorId":"3560144122940430","name":"小小爆米花","avatar":"https://static.tigerbbs.com/a8901eea0205335d02f752d9b13e1f65","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3560144122940430","idStr":"3560144122940430"},"themes":[],"title":"","htmlText":"Well done Disney","listText":"Well done Disney","text":"Well done Disney","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/894128138","repostId":"1188620903","repostType":4,"isVote":1,"tweetType":1,"viewCount":617,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":864828978,"gmtCreate":1633091463339,"gmtModify":1633091597078,"author":{"id":"3560144122940430","authorId":"3560144122940430","name":"小小爆米花","avatar":"https://static.tigerbbs.com/a8901eea0205335d02f752d9b13e1f65","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3560144122940430","idStr":"3560144122940430"},"themes":[],"title":"","htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/864828978","repostId":"2172395002","repostType":4,"isVote":1,"tweetType":1,"viewCount":5464,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"lives":[]}