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SquareGuy
2021-12-29
Coin by now is a safe bet in cryto space
@mastergary:
$Coinbase Global, Inc.(COIN)$
lets go coin. To the moon
SquareGuy
2021-12-27
Good buy
BlackBerry is a Tough Buy That Will Test Investor Patience<blockquote>黑莓是一个艰难的买入,将考验投资者的耐心</blockquote>
SquareGuy
2021-12-27
Time is now for the Metaverse and gaming.
Unity Stock: If You Have Been Waiting, The Time Has Come To Buy<blockquote>Unity股票:如果您一直在等待,现在是买入的时候了</blockquote>
SquareGuy
2021-12-27
Like
$Aterian Inc.(ATER)$
Teladoc Stock: Is Cathie Wood’s Meme Stock a Buy?<blockquote>Teladoc股票:Cathie Wood的Meme股票值得买入吗?</blockquote>
SquareGuy
2021-12-27
Like
抱歉,原内容已删除
SquareGuy
2021-12-21
Like
$BlackBerry(BB)$
5 Stocks To Watch For December 21, 2021<blockquote>2021年12月21日值得关注的5只股票</blockquote>
SquareGuy
2021-12-16
Risk ON now for SANTA RALLY ?
Powell expects inflation to fall closer to Fed's goal by end of next year<blockquote>鲍威尔预计明年年底通胀将更接近美联储目标</blockquote>
SquareGuy
2021-12-16
$Direxion Daily Small Cap Bull 3x Shares(TNA)$
$Aterian Inc.(ATER)$
buy small caps for Xmas rally for this joyous season
$Tesla Motors(TSLA)$
and Lucid can wait !
Powell expects inflation to fall closer to Fed's goal by end of next year<blockquote>鲍威尔预计明年年底通胀将更接近美联储目标</blockquote>
SquareGuy
2021-12-14
Bought more. It will do well.
Lucid Group jumped nearly 10% in premarket trading<blockquote>Lucid Group盘前交易上涨近10%</blockquote>
SquareGuy
2021-12-14
Buy and hodl. It will be up.
Airbnb rose over 2% in premarket trading as it was added to Nasdaq 100 tech benchmark<blockquote>Airbnb被纳入纳斯达克100科技基准,盘前交易中上涨超过2%</blockquote>
SquareGuy
2021-12-14
Think don't wait for 950. Now is the time to buy.
Tesla slid nearly 4% in morning trading,with its market value falling below $1 trillion again<blockquote>特斯拉早盘跌近4%市值再度跌破1万亿美元</blockquote>
SquareGuy
2021-12-14
Like
EV stocks slid in morning trading, with Tesla falling over 4%,and Li,General motors,Ford falling around 3%<blockquote>电动汽车股早盘下滑,特斯拉跌超4%,Li、通用、福特跌3%左右</blockquote>
SquareGuy
2021-12-10
$Pfizer(PFE)$
i sold all, leaving pfe. A solid company , but I couldn't make much from u.
SquareGuy
2021-12-10
Like
抱歉,原内容已删除
SquareGuy
2021-12-09
Like
U.S. Stock Futures Wobble on Omicron Restrictions<blockquote>美国股指期货因奥密克戎限制而波动</blockquote>
SquareGuy
2021-12-07
$Tesla Motors(TSLA)$
dca Tesla before Elon announce any split! waiting for jackpot. If not now, the time will come again.
SquareGuy
2021-12-07
Like
@44680eb9:
$Tesla Motors(TSLA)$
Hodl
SquareGuy
2021-12-05
Boring stocks
抱歉,原内容已删除
SquareGuy
2021-12-05
Solid
抱歉,原内容已删除
SquareGuy
2021-12-04
Bought
$AMD(AMD)$
Semiconductor stocks slid in morning trading<blockquote>半导体股早盘下跌</blockquote>
去老虎APP查看更多动态
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by now is a safe bet in cryto space","listText":"Coin by now is a safe bet in cryto space","text":"Coin by now is a safe bet in cryto space","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/696599886","repostId":"696335534","repostType":1,"repost":{"id":696335534,"gmtCreate":1640616381591,"gmtModify":1640616662265,"author":{"id":"3576210147397521","authorId":"3576210147397521","name":"mastergary","avatar":"https://static.tigerbbs.com/88461231c100461d997ae34af189e987","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576210147397521","idStr":"3576210147397521"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/COIN\">$Coinbase Global, Inc.(COIN)$</a>lets go coin. To the moon","listText":"<a href=\"https://laohu8.com/S/COIN\">$Coinbase Global, Inc.(COIN)$</a>lets go coin. To the moon","text":"$Coinbase Global, Inc.(COIN)$lets go coin. To the moon","images":[{"img":"https://static.tigerbbs.com/9d0ec77dd6d15088f60beb8c18ce3247","width":"1080","height":"1920"}],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/696335534","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":2516,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":696930544,"gmtCreate":1640592818594,"gmtModify":1640592820037,"author":{"id":"3561259559295872","authorId":"3561259559295872","name":"SquareGuy","avatar":"https://static.tigerbbs.com/c4aa86e9311a7ff0643a2e9f93645a8c","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3561259559295872","idStr":"3561259559295872"},"themes":[],"htmlText":"Good buy","listText":"Good buy","text":"Good buy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/696930544","repostId":"1198596552","repostType":4,"repost":{"id":"1198596552","kind":"news","pubTimestamp":1640587950,"share":"https://www.laohu8.com/m/news/1198596552?lang=zh_CN&edition=full","pubTime":"2021-12-27 14:52","market":"us","language":"en","title":"BlackBerry is a Tough Buy That Will Test Investor Patience<blockquote>黑莓是一个艰难的买入,将考验投资者的耐心</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1198596552","media":"InvestorPlace","summary":"BB stock will be under pressure while revenue remains elusive","content":"<p><div> BlackBerry (NYSE:BB) has been under strong selling pressure in the last month. However, the meme stock is still up 38% year-to-date. But with BB stock down 8.9% in the last month and investors getting...</p><p><blockquote><div>黑莓(纽约证券交易所股票代码:BB)上个月一直面临强大的抛售压力。然而,该meme股票今年迄今仍上涨了38%。但随着BB股票上个月下跌8.9%,投资者...</div></blockquote></p><p> <a href=\"https://investorplace.com/2021/12/bb-stock-is-tough-buy-that-will-test-investor-patience/\">网页链接</a> </div> </p><p><blockquote><a href=\"https://investorplace.com/2021/12/bb-stock-is-tough-buy-that-will-test-investor-patience/\">网页连接</a></blockquote></p><p></p>","source":"lsy1606302653667","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>BlackBerry is a Tough Buy That Will Test Investor Patience<blockquote>黑莓是一个艰难的买入,将考验投资者的耐心</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\">\nBlackBerry is a Tough Buy That Will Test Investor Patience<blockquote>黑莓是一个艰难的买入,将考验投资者的耐心</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">InvestorPlace</strong><span class=\"h-time small\">2021-12-27 14:52</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> BlackBerry (NYSE:BB) has been under strong selling pressure in the last month. However, the meme stock is still up 38% year-to-date. But with BB stock down 8.9% in the last month and investors getting...</p><p><blockquote><div>黑莓(纽约证券交易所股票代码:BB)上个月一直面临强大的抛售压力。然而,该meme股票今年迄今仍上涨了38%。但随着BB股票上个月下跌8.9%,投资者...</div></blockquote></p><p> <a href=\"https://investorplace.com/2021/12/bb-stock-is-tough-buy-that-will-test-investor-patience/\">网页链接</a> </div> </p><p><blockquote><a href=\"https://investorplace.com/2021/12/bb-stock-is-tough-buy-that-will-test-investor-patience/\">网页连接</a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://investorplace.com/2021/12/bb-stock-is-tough-buy-that-will-test-investor-patience/\">InvestorPlace</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":{"BB":"黑莓"},"source_url":"https://investorplace.com/2021/12/bb-stock-is-tough-buy-that-will-test-investor-patience/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1198596552","content_text":"BlackBerry (NYSE:BB) has been under strong selling pressure in the last month. However, the meme stock is still up 38% year-to-date. But with BB stock down 8.9% in the last month and investors getting ready to turn the page on 2021, should speculative investors remain patient while BlackBerry’s business model comes to fruition?\nThat’s a tough ask, but that’s different from saying it’s impossible. Right now, BB stock has a couple of long-term catalysts. However, investors looking at its current fundamentals may be scared away.\nYear-over-year revenue for the company’s first two quarters is down 26%. Help could be on the way in the form of revenue that the company intends to receive by selling many of its mobile device patents.\nIt’s not surprising that BlackBerry is cutting ties from the namesake mobile device that made the company a household name. However, the emergence of the smartphone ended BlackBerry’s supremacy. Selling off the intellectual property will add some much needed revenue to the bottom-line.\nBut the deal has taken some time and based on recent price action, investors are losing patience. Nevertheless, when the company last reported earnings, Chief Executive Officer John Chen said there was an 80% chance that the sale would be completed by the quarter’s end, which will occur in February 2022.\nThe larger question, however, is how long investors will have to wait for the company’s other business units to deliver revenue.\nBlackBerry’s Future is Also Its Past\nI’ve always said I’m old enough to remember when the BlackBerry was a status symbol. But aside from being the precursor to our current smartphone addiction, many people loved the safety and security of their BlackBerry devices.\nThis focus on cybersecurity is not just part of BlackBerry’s past, but it’s also a key element of the company’s future. In fact, cybersecurity solutions from BlackBerry QNX accounts for nearly 66% of BlackBerry’s revenue. And the global cybersecurity market is expected to be valued at $345.4 billion by 2026. As it is currently valued at $183.34 billion, that’s an increase of around 88% in the next five years.\nThat’s not the only catalyst for BlackBerry. The company is also competing in the autonomous vehicle space with its Intelligent Vehicle Data Platform (IVY). This is a scalable, cloud-connected software program that BlackBerry is offering as a universal solution for connected vehicles. According to BlackBerry, the IVY system delivers on three key objectives.\nFirst, it accelerates development of “new in-vehicle customer experiences.” It also opens opportunities for connected vehicle manufacturers to expand their community of app developers. And it does all of that while streamlining costs.\nHowever, the real payoff for IVY won’t take place until automated vehicles become a reality. While analysts may disagree on the exact length of time for that to happen, it’s measured in years, not months.\nAnalysts Are Sending Mixed Messages\nThe consensus rating for BB stock is a Sell. However, analysts put the consensus 12-month price target for BlackBerry at $9.40. That’s a $7.67 upside. That means if there is a broader sell-off investors may want to consider buying BlackBerry at around $7.60.\nThat would be in-line with the stock’s most recent rating from Paul Treiber of the Royal Bank of Canada. On Dec. 17, Treiber gave the stock an Underperform rating with a $7.50 price target.\nHowever, after a sharp selloff, BB stock is presenting investors with a potentially bullish technical pattern that may allow the stock to move higher, particularly if it beats expectations when it reports earnings.\nCan BB Stock Get it Right?\nI don’t currently own BB stock, but it is one of the meme stocks that I find intriguing. That’s because its underlying business plan has potential. However, it’s likely to be several years before that potential is realized. For that reason, I’ll be keeping BlackBerry on my watch list, but I’ll be staying on the sidelines until I hear more.","news_type":1,"symbols_score_info":{"BB":0.9}},"isVote":1,"tweetType":1,"viewCount":2191,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":696930283,"gmtCreate":1640592789352,"gmtModify":1640592790663,"author":{"id":"3561259559295872","authorId":"3561259559295872","name":"SquareGuy","avatar":"https://static.tigerbbs.com/c4aa86e9311a7ff0643a2e9f93645a8c","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3561259559295872","idStr":"3561259559295872"},"themes":[],"htmlText":"Time is now for the Metaverse and gaming. ","listText":"Time is now for the Metaverse and gaming. ","text":"Time is now for the Metaverse and gaming.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/696930283","repostId":"1136351826","repostType":4,"repost":{"id":"1136351826","kind":"news","pubTimestamp":1640589068,"share":"https://www.laohu8.com/m/news/1136351826?lang=zh_CN&edition=full","pubTime":"2021-12-27 15:11","market":"us","language":"en","title":"Unity Stock: If You Have Been Waiting, The Time Has Come To Buy<blockquote>Unity股票:如果您一直在等待,现在是买入的时候了</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1136351826","media":"Seeking Alpha","summary":"Summary\n\nUnity is the leading engine in real-time 3D for gaming creators. Moreover, its use cases ha","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul> <li>Unity is the leading engine in real-time 3D for gaming creators. Moreover, its use cases have expanded beyond gaming.</li> <li>It recently closed its Weta Digital acquisition. We believe the deal is transformative.</li> <li>Its stock has also dropped 30% from its all-time high following its momentum spike.</li> <li>We discuss why we think investors can consider the opportunity to buy now.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/eb000e942dc4b466fc45e2c1073f83b3\" tg-width=\"1536\" tg-height=\"1024\" width=\"100%\" height=\"auto\"><span>Sundry Photography/iStock Editorial via Getty Images</span></p><p><blockquote><ul><li>Unity是游戏创作者实时3D的领先引擎。此外,它的用例已经扩展到游戏之外。</li><li>它最近完成了对维塔数码的收购。我们相信这笔交易具有变革性。</li><li>在势头飙升后,其股价也较历史高点下跌了30%。</li><li>我们讨论为什么我们认为投资者现在可以考虑买入的机会。</li></ul><p class=\"t-img-caption\"><span>杂项摄影/iStock社论来自Getty Images</span></p></blockquote></p><p> <b>Investment Thesis</b></p><p><blockquote><b>投资论文</b></blockquote></p><p> Unity Software Inc. (U) stock suffered a well-deserved battering recently as sellers took control. The retracement knocked its price level back to more reasonable levels after dropping 30% from its all-time high. Impatient investors had driven the stock up as it reported robust earnings, coupled with the euphoria surrounding its Weta Digital acquisition. The bull-trap was well-laid by the market makers, and these investors have been given invaluable lessons about patience and valuation.</p><p><blockquote>随着卖家控制,Unity Software Inc.(U)的股票最近遭受了当之无愧的重创。在从历史高点下跌30%后,回调将其价格水平推回到了更合理的水平。由于该公司公布了强劲的盈利,加上围绕收购维塔数码的兴奋情绪,不耐烦的投资者推动了该股上涨。做市商精心设计了牛市陷阱,这些投资者在耐心和估值方面得到了宝贵的教训。</blockquote></p><p> Nevertheless, we have been bullish on Unity stock throughout the year. Our bullish calls in May and June are still up 62% and 32%, respectively. However, we updated in a recent November article cautioning investors not to chase the hype and revised our rating to Neutral. The stock has fallen 20% since the article was published.</p><p><blockquote>尽管如此,我们全年一直看好Unity股票。我们5月和6月看涨的评级仍分别上涨62%和32%。然而,我们在最近11月的一篇文章中更新了警告投资者不要追逐炒作,并将我们的评级修改为中性。自文章发表以来,该股已下跌20%。</blockquote></p><p> Moreover, thanks to the steep retracement in growth stocks recently, we believe that the time has come for us to revisit our rating. We discuss why we think investors who have been biding their time can consider adding exposure.</p><p><blockquote>此外,由于近期成长股大幅回撤,我们认为是时候重新审视我们的评级了。我们讨论了为什么我们认为一直在等待时机的投资者可以考虑增加敞口。</blockquote></p><p> <b>U Stock YTD Performance</b></p><p><blockquote><b>U股年初至今表现</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/24e18b8051240c38f096c7aff30cb51f\" tg-width=\"640\" tg-height=\"331\" width=\"100%\" height=\"auto\"><span>U stock YTD performance (as of 23 December' 21).</span></p><p><blockquote><p class=\"t-img-caption\"><span>U股票年初至今表现(截至21年12月23日)。</span></p></blockquote></p><p> Unity stock has had a disappointing year until its upward momentum started to recover in H2'21. We also saw the opportunity from its mispricing in May and June and thus encouraged investors to accumulate. The stock was on a steady climb towards its recovery until the momentum spike catapulted its YTD gain to 28% in November. However, the euphoria was short-lived as Unity stock's valuation returned to haunt investors who joined the \"spike bandwagon.\" After its recent retracement, the stock is back in the red for the year, with a YTD return of -5.2%, significantly underperforming the market.</p><p><blockquote>Unity股票经历了令人失望的一年,直到21年下半年开始恢复上涨势头。我们也从5月和6月的错误定价中看到了机会,从而鼓励投资者积累。该股一直在稳步回升,直到11月份势头飙升,年初至今涨幅达到28%。然而,这种兴奋是短暂的,因为Unity股票的估值重新困扰着加入“飙升潮流”的投资者。经过近期回调后,该股年内重回亏损状态,年初至今回报率为-5.2%,明显跑输大盘。</blockquote></p><p> <b>Why We are Turning Bullish On Unity Stock?</b></p><p><blockquote><b>为什么我们开始看好Unity股票?</b></blockquote></p><p> We took the opportunity to pare down our exposure in the recent spike and rotated to other undervalued growth stocks. However, we always intend to add exposure again when the euphoria has dissipated. Unity's robust FQ3 report card demonstrated that the company is still barely scratching the surface of its massive TAM, which expanded to $45B recently. The company has also completed its acquisition of Weta Digital on 1 December, as it works on integrating Weta Digital's unique technology stack into its offerings. The deal also brought 275 world-class engineers into Unity's payroll, which the company believes is some of the best talents that Weta Digital has recruited. Unity emphasized (edited): \"These 275 people, they're extraordinary. They're PhDs, research scientists. They've been focused on graphics research for 20 years. If you go to SIGGRAPH and look through papers… it just goes Weta, Weta, Weta.\"</p><p><blockquote>我们借此机会在最近的飙升中削减了敞口,并转向其他被低估的成长型股票。然而,当欣快感消散后,我们总是打算再次增加曝光。Unity强劲的第三季度成绩单表明,该公司仍仅触及其庞大TAM的表面,该TAM最近已扩大至45B美元。该公司还于12月1日完成了对维塔数码的收购,致力于将维塔数码独特的技术堆栈集成到其产品中。这笔交易还为Unity带来了275名世界级工程师,该公司认为这是维塔数码招募的最优秀的人才之一。Unity强调(编辑):“这275人,他们是非凡的。他们是博士,研究科学家。他们已经专注于图形研究20年了。如果你去SIGGRAPH浏览论文……它只是去Weta,Weta,Weta。”</blockquote></p><p> Therefore, we firmly believe that it's a transformative acquisition for Unity. Creators have already used the company's solutions across multiple industries, most notably in gaming. In addition, the company has documented numerous industrial and commercial use cases as enterprise customers realize the power of its real-time 3D engine.</p><p><blockquote>因此,我们坚信这是Unity的一次变革性收购。创作者已经在多个行业使用了该公司的解决方案,尤其是在游戏领域。此外,随着企业客户认识到其实时3D引擎的强大功能,该公司还记录了大量工业和商业用例。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/878e57a9fe0cb69914c0f7f253b774f1\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"><span>Unity enterprise customers. Data source: Company filings</span></p><p><blockquote><p class=\"t-img-caption\"><span>Unity企业客户。数据来源:公司备案</span></p></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/eb656e9fcbf3fc8a38a59165058c147f\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"><span>Unity dollar-based net expansion rate. Data source: Company filings</span></p><p><blockquote><p class=\"t-img-caption\"><span>以单位美元为基础的净膨胀率。数据来源:公司备案</span></p></blockquote></p><p> Consequently, Unity continues to experience stellar growth in its enterprise base. Its enterprise customer grew from just 553 in FQ3'19 to 973 in FQ3'21, representing a CAGR of 32.7%. Moreover, its customers continue to expand their use cases consistently. As a result, its net expansion rate has maintained around 140% over time. Therefore, the company has sustained robust monetization in its Operate solutions while driving new use cases through its Create solutions.</p><p><blockquote>因此,Unity的企业基础继续实现强劲增长。其企业客户从19年第三季度的553家增长到21年第三季度的973家,复合年增长率为32.7%。此外,其客户继续不断扩展他们的用例。因此,随着时间的推移,其净扩张率一直保持在140%左右。因此,该公司在其运营解决方案中保持了强劲的货币化,同时通过其创建解决方案推动了新的用例。</blockquote></p><p></p><p> While it's still early to determine the expansion of new or expanded use cases linked to Weta's technology stack, Unity is confident that it can leverage strongly. In addition, it has an eye on the multi-trillion-dollar metaverse, as it aims to be one of the critical engines for creators. Unity General Manager Marc Whitten emphasized (edited):</p><p><blockquote>虽然现在确定与Weta技术堆栈相关的新的或扩展的用例的扩展还为时过早,但Unity有信心它可以强有力地利用。此外,它还着眼于价值数万亿美元的元宇宙,因为它的目标是成为创作者的关键引擎之一。Unity总经理Marc Whitten强调(编辑):</blockquote></p><p> The key for me - I strongly believe, whatever word you want to use for <i>the metaverse, it's going to need more 3D content</i>. It's going to need an <i>extraordinary increase in the number of people capable of building in 3D</i>. Certainly from a Unity perspective, we really started thinking hard about how we could build something that democratizes content creation. Between Unity and Weta, we had the tools to do something extraordinary. You have this set of people at Weta who had built the most spectacular tools ever for 3D content creation that had never been productized. And then you have Unity, where our bread and butter is packaging and democratizing tools and making them more accessible. It became more and more clear that we could find the right transaction to make it happen. (VentureBeat) It's also essential for readers to note Weta's highly scalable tools. Unity articulated that Weta has an \"incredibly forward-looking architectural approach.\" They use \"one data model, one data river, and a set of tools that impact that. [It allows] individuals to see how things show up across multiple objects, or multiple artists to be able to collaborate and work in parallel and do amazing things around that.\" As a result, the company believes it can scale Weta's stack with its technology and extend the use cases well beyond gaming. CEO John Riccitiello added (edited):</p><p><blockquote>我的关键——我坚信,无论你想用什么词<i>元宇宙将需要更多3D内容</i>.它需要一个<i>能够进行3D建筑的人数大幅增加</i>当然,从Unity的角度来看,我们真的开始认真思考如何构建内容创作民主化的东西。在Unity和Weta之间,我们拥有了做一些非凡事情的工具。Weta有一群人,他们为从未产品化的3D内容创作构建了有史以来最壮观的工具。然后是Unity,我们的面包和黄油是包装和民主化工具,使它们更容易获得。越来越清楚的是,我们可以找到合适的交易来实现这一目标。(VentureBeat)读者还必须注意Weta的高度可扩展工具。Unity表示,Weta拥有“令人难以置信的前瞻性架构方法”。他们使用“一个数据模型、一条数据河和一套影响这一点的工具。[它允许]个人看到事物如何在多个对象上显示,或者多个艺术家能够协作和并行工作,并围绕它做令人惊叹的事情。”因此,该公司相信它可以利用其技术扩展Weta的堆栈,并将用例扩展到游戏之外。首席执行官John Riccitiello补充道(编辑):</blockquote></p><p> I would expect the use cases to continue to grow. We see huge opportunities for us in media and entertainment, in games, adding more seats -- with artists. We believe there is an opportunity in architecture. We believe there are opportunities in automotive. So many, many different industries will continue to see growth. (Unity's FQ3'21 earnings call) We have always believed that Unity's engine is the world leader in real-time 3D. Moreover, it has proven its use cases well beyond gaming. Furthermore, the Weta deal demonstrates how management intends to further consolidate its leadership against its peers by taking its competitive moat a step further. We love companies that are relentless in their pursuit of innovation.</p><p><blockquote>我预计用例会继续增长。我们在媒体和娱乐、游戏、增加更多席位——与艺术家一起,看到了巨大的机会。我们相信建筑领域有机会。我们相信汽车行业存在机会。许多许多不同的行业将继续增长。(Unity 21年第三季度财报看涨期权)我们一直相信Unity的引擎是实时3D领域的全球领导者。此外,它已经证明了其用例远远超出了游戏。此外,Weta交易表明管理层打算如何通过进一步巩固其竞争护城河来进一步巩固其相对于同行的领导地位。我们喜欢不懈追求创新的公司。</blockquote></p><p> <b>Key Risks That Investors Should Consider?</b></p><p><blockquote><b>投资者应该考虑的主要风险?</b></blockquote></p><p> The transformative acquisition is not cheap. But it shouldn't be cheap for a tech stack of this scale. The company closed the deal with a mix of cash and stock that amounted to $1.625B. Moreover, the company recently announced $1.5B in convertible senior notes, which would partly be used to fund its acquisitions. Given that the company had minimal long-term debt ($124M in FQ3) compared to cash and short-term investments of $1.28B, the size of the debt offering is massive. Therefore, Weta's acquisition has introduced significant execution and balance sheet risks that Unity needs to manage well.</p><p><blockquote>变革性收购并不便宜。但对于这种规模的技术堆栈来说,它应该不便宜。该公司以现金和股票的组合完成了这笔交易,金额为$16.25 B。此外,该公司最近宣布发行15亿美元的可转换优先票据,其中部分将用于为其收购提供资金。鉴于该公司的长期债务很少(第三季度为1.24亿美元),而现金和短期投资为1.28 B美元,因此此次债务发行的规模巨大。因此,Weta的收购带来了Unity需要管理好的重大执行和资产负债表风险。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/93223041a6aea690d094bf9568d6ecfa\" tg-width=\"640\" tg-height=\"231\" width=\"100%\" height=\"auto\"><span>High-growth SaaS EV/NTM Revenue comps.</span></p><p><blockquote><p class=\"t-img-caption\"><span>高增长的SaaS EV/NTM收入比较。</span></p></blockquote></p><p> In addition, Unity stock is still priced at a significant premium. It is trading at an EV/NTM Revenue of 31.3x, well ahead of the high-growth SaaS comps median of 16.5x. Therefore, it's imperative for management to execute very well moving forward. Otherwise, the risks for significant value compressions could potentially occur.</p><p><blockquote>此外,Unity股票的定价仍显着溢价。其EV/NTM收入为31.3倍,远高于高增长SaaS公司16.5倍的中值。因此,管理层必须在未来执行得非常好。否则,可能会出现价值大幅压缩的风险。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/32134bf7ef0916208beb58db317ea9de\" tg-width=\"640\" tg-height=\"384\" width=\"100%\" height=\"auto\"><span>Unity stock EV/NTM Revenue 1Y mean.</span></p><p><blockquote><p class=\"t-img-caption\"><span>Unity股票EV/NTM收入1年平均值。</span></p></blockquote></p><p> Unity stock is highly volatile. Therefore, we have added the stock in batches throughout the year as we believe its inherent volatility should continue to create attractive opportunities. Hence, we have not joined impatient investors adding through the momentum spikes.</p><p><blockquote>Unity股票波动很大。因此,我们全年分批增持该股,因为我们相信其固有的波动性应该会继续创造有吸引力的机会。因此,我们没有加入不耐烦的投资者的行列,通过势头飙升来增加。</blockquote></p><p> Nevertheless, Unity stock is trading near its 1Y revenue multiple mean. Despite that, it's clear that the stock is trading at a premium valuation.</p><p><blockquote>尽管如此,Unity股票的交易价格接近其1年收入倍数平均值。尽管如此,很明显,该股的交易估值较高。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e2cf9d3632332048d967b44d16e34369\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"><span>Unity revenue and adjusted EBITDA margins. Data source: S&P Capital IQ</span></p><p><blockquote><p class=\"t-img-caption\"><span>Unity收入和调整后EBITDA利润率。数据来源:标普资本智商</span></p></blockquote></p><p></p><p> However, investors should note that Unity is estimated to gain significant operating leverage moving forward. Its top line is expected to increase at a CAGR of about 33% over the next three years (FY20-23). However, its adjusted EBITDA margin is projected to reach 7.3% in FY23, from -3.3% in the last FY. Hence, investors should start to pay more attention to Unity's bottom line growth moving forward. The company could begin gaining tremendous leverage and turn profitable on an adjusted EBITDA basis.</p><p><blockquote>然而,投资者应注意,Unity预计未来将获得显着的运营杠杆。预计未来三年(20-23财年)其营收将以约33%的复合年增长率增长。然而,其在2023财年的调整后EBITDA利润率预计将从上一财年的-3.3%达到7.3%。因此,投资者应该开始更多地关注Unity未来的利润增长。该公司可能会开始获得巨大的杠杆作用,并在调整后的EBITDA基础上实现盈利。</blockquote></p><p> Consequently, we believe it's appropriate for us to apply a DCF valuation framework that accounts for its operating leverage moving forward. It would allow us to appreciate the impact of its profit drivers better.</p><p><blockquote>因此,我们认为应用DCF估值框架来考虑其未来的运营杠杆是合适的。这将使我们能够更好地了解其利润驱动因素的影响。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8bb7ed09dd878907100b68112586567b\" tg-width=\"902\" tg-height=\"605\" width=\"100%\" height=\"auto\"><span>Unity stock DCF valuation model. Data source: S&P Capital IQ, company filings, author</span></p><p><blockquote><p class=\"t-img-caption\"><span>Unity股票DCF估值模型。数据来源:S&P Capital IQ,公司文件,作者</span></p></blockquote></p><p> Hence, Unity stock seems to be right in our fair value zone right now. Investors who need a more considerable margin of safety can continue to wait for a potentially deeper retracement. However, investors who have high conviction could use this opportunity to add exposure to a fantastic company.</p><p><blockquote>因此,Unity股票目前似乎处于我们的公允价值区域。需要更可观安全边际的投资者可以继续等待潜在更深的回撤。然而,有高度信念的投资者可以利用这个机会增加对一家出色公司的投资。</blockquote></p><p> Consequently,<i>we revise our rating on Unity stock to Buy</i>.</p><p><blockquote>因此,<i>我们将Unity股票评级调整为买入</i>.</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>Unity Stock: If You Have Been Waiting, The Time Has Come To Buy<blockquote>Unity股票:如果您一直在等待,现在是买入的时候了</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\">\nUnity Stock: If You Have Been Waiting, The Time Has Come To Buy<blockquote>Unity股票:如果您一直在等待,现在是买入的时候了</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\">2021-12-27 15:11</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>Unity is the leading engine in real-time 3D for gaming creators. Moreover, its use cases have expanded beyond gaming.</li> <li>It recently closed its Weta Digital acquisition. We believe the deal is transformative.</li> <li>Its stock has also dropped 30% from its all-time high following its momentum spike.</li> <li>We discuss why we think investors can consider the opportunity to buy now.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/eb000e942dc4b466fc45e2c1073f83b3\" tg-width=\"1536\" tg-height=\"1024\" width=\"100%\" height=\"auto\"><span>Sundry Photography/iStock Editorial via Getty Images</span></p><p><blockquote><ul><li>Unity是游戏创作者实时3D的领先引擎。此外,它的用例已经扩展到游戏之外。</li><li>它最近完成了对维塔数码的收购。我们相信这笔交易具有变革性。</li><li>在势头飙升后,其股价也较历史高点下跌了30%。</li><li>我们讨论为什么我们认为投资者现在可以考虑买入的机会。</li></ul><p class=\"t-img-caption\"><span>杂项摄影/iStock社论来自Getty Images</span></p></blockquote></p><p> <b>Investment Thesis</b></p><p><blockquote><b>投资论文</b></blockquote></p><p> Unity Software Inc. (U) stock suffered a well-deserved battering recently as sellers took control. The retracement knocked its price level back to more reasonable levels after dropping 30% from its all-time high. Impatient investors had driven the stock up as it reported robust earnings, coupled with the euphoria surrounding its Weta Digital acquisition. The bull-trap was well-laid by the market makers, and these investors have been given invaluable lessons about patience and valuation.</p><p><blockquote>随着卖家控制,Unity Software Inc.(U)的股票最近遭受了当之无愧的重创。在从历史高点下跌30%后,回调将其价格水平推回到了更合理的水平。由于该公司公布了强劲的盈利,加上围绕收购维塔数码的兴奋情绪,不耐烦的投资者推动了该股上涨。做市商精心设计了牛市陷阱,这些投资者在耐心和估值方面得到了宝贵的教训。</blockquote></p><p> Nevertheless, we have been bullish on Unity stock throughout the year. Our bullish calls in May and June are still up 62% and 32%, respectively. However, we updated in a recent November article cautioning investors not to chase the hype and revised our rating to Neutral. The stock has fallen 20% since the article was published.</p><p><blockquote>尽管如此,我们全年一直看好Unity股票。我们5月和6月看涨的评级仍分别上涨62%和32%。然而,我们在最近11月的一篇文章中更新了警告投资者不要追逐炒作,并将我们的评级修改为中性。自文章发表以来,该股已下跌20%。</blockquote></p><p> Moreover, thanks to the steep retracement in growth stocks recently, we believe that the time has come for us to revisit our rating. We discuss why we think investors who have been biding their time can consider adding exposure.</p><p><blockquote>此外,由于近期成长股大幅回撤,我们认为是时候重新审视我们的评级了。我们讨论了为什么我们认为一直在等待时机的投资者可以考虑增加敞口。</blockquote></p><p> <b>U Stock YTD Performance</b></p><p><blockquote><b>U股年初至今表现</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/24e18b8051240c38f096c7aff30cb51f\" tg-width=\"640\" tg-height=\"331\" width=\"100%\" height=\"auto\"><span>U stock YTD performance (as of 23 December' 21).</span></p><p><blockquote><p class=\"t-img-caption\"><span>U股票年初至今表现(截至21年12月23日)。</span></p></blockquote></p><p> Unity stock has had a disappointing year until its upward momentum started to recover in H2'21. We also saw the opportunity from its mispricing in May and June and thus encouraged investors to accumulate. The stock was on a steady climb towards its recovery until the momentum spike catapulted its YTD gain to 28% in November. However, the euphoria was short-lived as Unity stock's valuation returned to haunt investors who joined the \"spike bandwagon.\" After its recent retracement, the stock is back in the red for the year, with a YTD return of -5.2%, significantly underperforming the market.</p><p><blockquote>Unity股票经历了令人失望的一年,直到21年下半年开始恢复上涨势头。我们也从5月和6月的错误定价中看到了机会,从而鼓励投资者积累。该股一直在稳步回升,直到11月份势头飙升,年初至今涨幅达到28%。然而,这种兴奋是短暂的,因为Unity股票的估值重新困扰着加入“飙升潮流”的投资者。经过近期回调后,该股年内重回亏损状态,年初至今回报率为-5.2%,明显跑输大盘。</blockquote></p><p> <b>Why We are Turning Bullish On Unity Stock?</b></p><p><blockquote><b>为什么我们开始看好Unity股票?</b></blockquote></p><p> We took the opportunity to pare down our exposure in the recent spike and rotated to other undervalued growth stocks. However, we always intend to add exposure again when the euphoria has dissipated. Unity's robust FQ3 report card demonstrated that the company is still barely scratching the surface of its massive TAM, which expanded to $45B recently. The company has also completed its acquisition of Weta Digital on 1 December, as it works on integrating Weta Digital's unique technology stack into its offerings. The deal also brought 275 world-class engineers into Unity's payroll, which the company believes is some of the best talents that Weta Digital has recruited. Unity emphasized (edited): \"These 275 people, they're extraordinary. They're PhDs, research scientists. They've been focused on graphics research for 20 years. If you go to SIGGRAPH and look through papers… it just goes Weta, Weta, Weta.\"</p><p><blockquote>我们借此机会在最近的飙升中削减了敞口,并转向其他被低估的成长型股票。然而,当欣快感消散后,我们总是打算再次增加曝光。Unity强劲的第三季度成绩单表明,该公司仍仅触及其庞大TAM的表面,该TAM最近已扩大至45B美元。该公司还于12月1日完成了对维塔数码的收购,致力于将维塔数码独特的技术堆栈集成到其产品中。这笔交易还为Unity带来了275名世界级工程师,该公司认为这是维塔数码招募的最优秀的人才之一。Unity强调(编辑):“这275人,他们是非凡的。他们是博士,研究科学家。他们已经专注于图形研究20年了。如果你去SIGGRAPH浏览论文……它只是去Weta,Weta,Weta。”</blockquote></p><p> Therefore, we firmly believe that it's a transformative acquisition for Unity. Creators have already used the company's solutions across multiple industries, most notably in gaming. In addition, the company has documented numerous industrial and commercial use cases as enterprise customers realize the power of its real-time 3D engine.</p><p><blockquote>因此,我们坚信这是Unity的一次变革性收购。创作者已经在多个行业使用了该公司的解决方案,尤其是在游戏领域。此外,随着企业客户认识到其实时3D引擎的强大功能,该公司还记录了大量工业和商业用例。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/878e57a9fe0cb69914c0f7f253b774f1\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"><span>Unity enterprise customers. Data source: Company filings</span></p><p><blockquote><p class=\"t-img-caption\"><span>Unity企业客户。数据来源:公司备案</span></p></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/eb656e9fcbf3fc8a38a59165058c147f\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"><span>Unity dollar-based net expansion rate. Data source: Company filings</span></p><p><blockquote><p class=\"t-img-caption\"><span>以单位美元为基础的净膨胀率。数据来源:公司备案</span></p></blockquote></p><p> Consequently, Unity continues to experience stellar growth in its enterprise base. Its enterprise customer grew from just 553 in FQ3'19 to 973 in FQ3'21, representing a CAGR of 32.7%. Moreover, its customers continue to expand their use cases consistently. As a result, its net expansion rate has maintained around 140% over time. Therefore, the company has sustained robust monetization in its Operate solutions while driving new use cases through its Create solutions.</p><p><blockquote>因此,Unity的企业基础继续实现强劲增长。其企业客户从19年第三季度的553家增长到21年第三季度的973家,复合年增长率为32.7%。此外,其客户继续不断扩展他们的用例。因此,随着时间的推移,其净扩张率一直保持在140%左右。因此,该公司在其运营解决方案中保持了强劲的货币化,同时通过其创建解决方案推动了新的用例。</blockquote></p><p></p><p> While it's still early to determine the expansion of new or expanded use cases linked to Weta's technology stack, Unity is confident that it can leverage strongly. In addition, it has an eye on the multi-trillion-dollar metaverse, as it aims to be one of the critical engines for creators. Unity General Manager Marc Whitten emphasized (edited):</p><p><blockquote>虽然现在确定与Weta技术堆栈相关的新的或扩展的用例的扩展还为时过早,但Unity有信心它可以强有力地利用。此外,它还着眼于价值数万亿美元的元宇宙,因为它的目标是成为创作者的关键引擎之一。Unity总经理Marc Whitten强调(编辑):</blockquote></p><p> The key for me - I strongly believe, whatever word you want to use for <i>the metaverse, it's going to need more 3D content</i>. It's going to need an <i>extraordinary increase in the number of people capable of building in 3D</i>. Certainly from a Unity perspective, we really started thinking hard about how we could build something that democratizes content creation. Between Unity and Weta, we had the tools to do something extraordinary. You have this set of people at Weta who had built the most spectacular tools ever for 3D content creation that had never been productized. And then you have Unity, where our bread and butter is packaging and democratizing tools and making them more accessible. It became more and more clear that we could find the right transaction to make it happen. (VentureBeat) It's also essential for readers to note Weta's highly scalable tools. Unity articulated that Weta has an \"incredibly forward-looking architectural approach.\" They use \"one data model, one data river, and a set of tools that impact that. [It allows] individuals to see how things show up across multiple objects, or multiple artists to be able to collaborate and work in parallel and do amazing things around that.\" As a result, the company believes it can scale Weta's stack with its technology and extend the use cases well beyond gaming. CEO John Riccitiello added (edited):</p><p><blockquote>我的关键——我坚信,无论你想用什么词<i>元宇宙将需要更多3D内容</i>.它需要一个<i>能够进行3D建筑的人数大幅增加</i>当然,从Unity的角度来看,我们真的开始认真思考如何构建内容创作民主化的东西。在Unity和Weta之间,我们拥有了做一些非凡事情的工具。Weta有一群人,他们为从未产品化的3D内容创作构建了有史以来最壮观的工具。然后是Unity,我们的面包和黄油是包装和民主化工具,使它们更容易获得。越来越清楚的是,我们可以找到合适的交易来实现这一目标。(VentureBeat)读者还必须注意Weta的高度可扩展工具。Unity表示,Weta拥有“令人难以置信的前瞻性架构方法”。他们使用“一个数据模型、一条数据河和一套影响这一点的工具。[它允许]个人看到事物如何在多个对象上显示,或者多个艺术家能够协作和并行工作,并围绕它做令人惊叹的事情。”因此,该公司相信它可以利用其技术扩展Weta的堆栈,并将用例扩展到游戏之外。首席执行官John Riccitiello补充道(编辑):</blockquote></p><p> I would expect the use cases to continue to grow. We see huge opportunities for us in media and entertainment, in games, adding more seats -- with artists. We believe there is an opportunity in architecture. We believe there are opportunities in automotive. So many, many different industries will continue to see growth. (Unity's FQ3'21 earnings call) We have always believed that Unity's engine is the world leader in real-time 3D. Moreover, it has proven its use cases well beyond gaming. Furthermore, the Weta deal demonstrates how management intends to further consolidate its leadership against its peers by taking its competitive moat a step further. We love companies that are relentless in their pursuit of innovation.</p><p><blockquote>我预计用例会继续增长。我们在媒体和娱乐、游戏、增加更多席位——与艺术家一起,看到了巨大的机会。我们相信建筑领域有机会。我们相信汽车行业存在机会。许多许多不同的行业将继续增长。(Unity 21年第三季度财报看涨期权)我们一直相信Unity的引擎是实时3D领域的全球领导者。此外,它已经证明了其用例远远超出了游戏。此外,Weta交易表明管理层打算如何通过进一步巩固其竞争护城河来进一步巩固其相对于同行的领导地位。我们喜欢不懈追求创新的公司。</blockquote></p><p> <b>Key Risks That Investors Should Consider?</b></p><p><blockquote><b>投资者应该考虑的主要风险?</b></blockquote></p><p> The transformative acquisition is not cheap. But it shouldn't be cheap for a tech stack of this scale. The company closed the deal with a mix of cash and stock that amounted to $1.625B. Moreover, the company recently announced $1.5B in convertible senior notes, which would partly be used to fund its acquisitions. Given that the company had minimal long-term debt ($124M in FQ3) compared to cash and short-term investments of $1.28B, the size of the debt offering is massive. Therefore, Weta's acquisition has introduced significant execution and balance sheet risks that Unity needs to manage well.</p><p><blockquote>变革性收购并不便宜。但对于这种规模的技术堆栈来说,它应该不便宜。该公司以现金和股票的组合完成了这笔交易,金额为$16.25 B。此外,该公司最近宣布发行15亿美元的可转换优先票据,其中部分将用于为其收购提供资金。鉴于该公司的长期债务很少(第三季度为1.24亿美元),而现金和短期投资为1.28 B美元,因此此次债务发行的规模巨大。因此,Weta的收购带来了Unity需要管理好的重大执行和资产负债表风险。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/93223041a6aea690d094bf9568d6ecfa\" tg-width=\"640\" tg-height=\"231\" width=\"100%\" height=\"auto\"><span>High-growth SaaS EV/NTM Revenue comps.</span></p><p><blockquote><p class=\"t-img-caption\"><span>高增长的SaaS EV/NTM收入比较。</span></p></blockquote></p><p> In addition, Unity stock is still priced at a significant premium. It is trading at an EV/NTM Revenue of 31.3x, well ahead of the high-growth SaaS comps median of 16.5x. Therefore, it's imperative for management to execute very well moving forward. Otherwise, the risks for significant value compressions could potentially occur.</p><p><blockquote>此外,Unity股票的定价仍显着溢价。其EV/NTM收入为31.3倍,远高于高增长SaaS公司16.5倍的中值。因此,管理层必须在未来执行得非常好。否则,可能会出现价值大幅压缩的风险。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/32134bf7ef0916208beb58db317ea9de\" tg-width=\"640\" tg-height=\"384\" width=\"100%\" height=\"auto\"><span>Unity stock EV/NTM Revenue 1Y mean.</span></p><p><blockquote><p class=\"t-img-caption\"><span>Unity股票EV/NTM收入1年平均值。</span></p></blockquote></p><p> Unity stock is highly volatile. Therefore, we have added the stock in batches throughout the year as we believe its inherent volatility should continue to create attractive opportunities. Hence, we have not joined impatient investors adding through the momentum spikes.</p><p><blockquote>Unity股票波动很大。因此,我们全年分批增持该股,因为我们相信其固有的波动性应该会继续创造有吸引力的机会。因此,我们没有加入不耐烦的投资者的行列,通过势头飙升来增加。</blockquote></p><p> Nevertheless, Unity stock is trading near its 1Y revenue multiple mean. Despite that, it's clear that the stock is trading at a premium valuation.</p><p><blockquote>尽管如此,Unity股票的交易价格接近其1年收入倍数平均值。尽管如此,很明显,该股的交易估值较高。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e2cf9d3632332048d967b44d16e34369\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"><span>Unity revenue and adjusted EBITDA margins. Data source: S&P Capital IQ</span></p><p><blockquote><p class=\"t-img-caption\"><span>Unity收入和调整后EBITDA利润率。数据来源:标普资本智商</span></p></blockquote></p><p></p><p> However, investors should note that Unity is estimated to gain significant operating leverage moving forward. Its top line is expected to increase at a CAGR of about 33% over the next three years (FY20-23). However, its adjusted EBITDA margin is projected to reach 7.3% in FY23, from -3.3% in the last FY. Hence, investors should start to pay more attention to Unity's bottom line growth moving forward. The company could begin gaining tremendous leverage and turn profitable on an adjusted EBITDA basis.</p><p><blockquote>然而,投资者应注意,Unity预计未来将获得显着的运营杠杆。预计未来三年(20-23财年)其营收将以约33%的复合年增长率增长。然而,其在2023财年的调整后EBITDA利润率预计将从上一财年的-3.3%达到7.3%。因此,投资者应该开始更多地关注Unity未来的利润增长。该公司可能会开始获得巨大的杠杆作用,并在调整后的EBITDA基础上实现盈利。</blockquote></p><p> Consequently, we believe it's appropriate for us to apply a DCF valuation framework that accounts for its operating leverage moving forward. It would allow us to appreciate the impact of its profit drivers better.</p><p><blockquote>因此,我们认为应用DCF估值框架来考虑其未来的运营杠杆是合适的。这将使我们能够更好地了解其利润驱动因素的影响。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8bb7ed09dd878907100b68112586567b\" tg-width=\"902\" tg-height=\"605\" width=\"100%\" height=\"auto\"><span>Unity stock DCF valuation model. Data source: S&P Capital IQ, company filings, author</span></p><p><blockquote><p class=\"t-img-caption\"><span>Unity股票DCF估值模型。数据来源:S&P Capital IQ,公司文件,作者</span></p></blockquote></p><p> Hence, Unity stock seems to be right in our fair value zone right now. Investors who need a more considerable margin of safety can continue to wait for a potentially deeper retracement. However, investors who have high conviction could use this opportunity to add exposure to a fantastic company.</p><p><blockquote>因此,Unity股票目前似乎处于我们的公允价值区域。需要更可观安全边际的投资者可以继续等待潜在更深的回撤。然而,有高度信念的投资者可以利用这个机会增加对一家出色公司的投资。</blockquote></p><p> Consequently,<i>we revise our rating on Unity stock to Buy</i>.</p><p><blockquote>因此,<i>我们将Unity股票评级调整为买入</i>.</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://seekingalpha.com/article/4476859-unity-stock-time-to-buy\">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":{"U":"Unity Software Inc."},"source_url":"https://seekingalpha.com/article/4476859-unity-stock-time-to-buy","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1136351826","content_text":"Summary\n\nUnity is the leading engine in real-time 3D for gaming creators. Moreover, its use cases have expanded beyond gaming.\nIt recently closed its Weta Digital acquisition. We believe the deal is transformative.\nIts stock has also dropped 30% from its all-time high following its momentum spike.\nWe discuss why we think investors can consider the opportunity to buy now.\n\nSundry Photography/iStock Editorial via Getty Images\nInvestment Thesis\nUnity Software Inc. (U) stock suffered a well-deserved battering recently as sellers took control. The retracement knocked its price level back to more reasonable levels after dropping 30% from its all-time high. Impatient investors had driven the stock up as it reported robust earnings, coupled with the euphoria surrounding its Weta Digital acquisition. The bull-trap was well-laid by the market makers, and these investors have been given invaluable lessons about patience and valuation.\nNevertheless, we have been bullish on Unity stock throughout the year. Our bullish calls in May and June are still up 62% and 32%, respectively. However, we updated in a recent November article cautioning investors not to chase the hype and revised our rating to Neutral. The stock has fallen 20% since the article was published.\nMoreover, thanks to the steep retracement in growth stocks recently, we believe that the time has come for us to revisit our rating. We discuss why we think investors who have been biding their time can consider adding exposure.\nU Stock YTD Performance\nU stock YTD performance (as of 23 December' 21).\nUnity stock has had a disappointing year until its upward momentum started to recover in H2'21. We also saw the opportunity from its mispricing in May and June and thus encouraged investors to accumulate. The stock was on a steady climb towards its recovery until the momentum spike catapulted its YTD gain to 28% in November. However, the euphoria was short-lived as Unity stock's valuation returned to haunt investors who joined the \"spike bandwagon.\" After its recent retracement, the stock is back in the red for the year, with a YTD return of -5.2%, significantly underperforming the market.\nWhy We are Turning Bullish On Unity Stock?\nWe took the opportunity to pare down our exposure in the recent spike and rotated to other undervalued growth stocks. However, we always intend to add exposure again when the euphoria has dissipated. Unity's robust FQ3 report card demonstrated that the company is still barely scratching the surface of its massive TAM, which expanded to $45B recently. The company has also completed its acquisition of Weta Digital on 1 December, as it works on integrating Weta Digital's unique technology stack into its offerings. The deal also brought 275 world-class engineers into Unity's payroll, which the company believes is some of the best talents that Weta Digital has recruited. Unity emphasized (edited): \"These 275 people, they're extraordinary. They're PhDs, research scientists. They've been focused on graphics research for 20 years. If you go to SIGGRAPH and look through papers… it just goes Weta, Weta, Weta.\"\nTherefore, we firmly believe that it's a transformative acquisition for Unity. Creators have already used the company's solutions across multiple industries, most notably in gaming. In addition, the company has documented numerous industrial and commercial use cases as enterprise customers realize the power of its real-time 3D engine.\nUnity enterprise customers. Data source: Company filings\nUnity dollar-based net expansion rate. Data source: Company filings\nConsequently, Unity continues to experience stellar growth in its enterprise base. Its enterprise customer grew from just 553 in FQ3'19 to 973 in FQ3'21, representing a CAGR of 32.7%. Moreover, its customers continue to expand their use cases consistently. As a result, its net expansion rate has maintained around 140% over time. Therefore, the company has sustained robust monetization in its Operate solutions while driving new use cases through its Create solutions.\nWhile it's still early to determine the expansion of new or expanded use cases linked to Weta's technology stack, Unity is confident that it can leverage strongly. In addition, it has an eye on the multi-trillion-dollar metaverse, as it aims to be one of the critical engines for creators. Unity General Manager Marc Whitten emphasized (edited):\n\n The key for me - I strongly believe, whatever word you want to use for\n the metaverse, it's going to need more 3D content. It's going to need an\n extraordinary increase in the number of people capable of building in 3D. Certainly from a Unity perspective, we really started thinking hard about how we could build something that democratizes content creation. Between Unity and Weta, we had the tools to do something extraordinary. You have this set of people at Weta who had built the most spectacular tools ever for 3D content creation that had never been productized. And then you have Unity, where our bread and butter is packaging and democratizing tools and making them more accessible. It became more and more clear that we could find the right transaction to make it happen. (VentureBeat)\n\nIt's also essential for readers to note Weta's highly scalable tools. Unity articulated that Weta has an \"incredibly forward-looking architectural approach.\" They use \"one data model, one data river, and a set of tools that impact that. [It allows] individuals to see how things show up across multiple objects, or multiple artists to be able to collaborate and work in parallel and do amazing things around that.\" As a result, the company believes it can scale Weta's stack with its technology and extend the use cases well beyond gaming. CEO John Riccitiello added (edited):\n\n I would expect the use cases to continue to grow. We see huge opportunities for us in media and entertainment, in games, adding more seats -- with artists. We believe there is an opportunity in architecture. We believe there are opportunities in automotive. So many, many different industries will continue to see growth. (Unity's FQ3'21 earnings call)\n\nWe have always believed that Unity's engine is the world leader in real-time 3D. Moreover, it has proven its use cases well beyond gaming. Furthermore, the Weta deal demonstrates how management intends to further consolidate its leadership against its peers by taking its competitive moat a step further. We love companies that are relentless in their pursuit of innovation.\nKey Risks That Investors Should Consider?\nThe transformative acquisition is not cheap. But it shouldn't be cheap for a tech stack of this scale. The company closed the deal with a mix of cash and stock that amounted to $1.625B. Moreover, the company recently announced $1.5B in convertible senior notes, which would partly be used to fund its acquisitions. Given that the company had minimal long-term debt ($124M in FQ3) compared to cash and short-term investments of $1.28B, the size of the debt offering is massive. Therefore, Weta's acquisition has introduced significant execution and balance sheet risks that Unity needs to manage well.\nHigh-growth SaaS EV/NTM Revenue comps.\nIn addition, Unity stock is still priced at a significant premium. It is trading at an EV/NTM Revenue of 31.3x, well ahead of the high-growth SaaS comps median of 16.5x. Therefore, it's imperative for management to execute very well moving forward. Otherwise, the risks for significant value compressions could potentially occur.\nUnity stock EV/NTM Revenue 1Y mean.\nUnity stock is highly volatile. Therefore, we have added the stock in batches throughout the year as we believe its inherent volatility should continue to create attractive opportunities. Hence, we have not joined impatient investors adding through the momentum spikes.\nNevertheless, Unity stock is trading near its 1Y revenue multiple mean. Despite that, it's clear that the stock is trading at a premium valuation.\nUnity revenue and adjusted EBITDA margins. Data source: S&P Capital IQ\nHowever, investors should note that Unity is estimated to gain significant operating leverage moving forward. Its top line is expected to increase at a CAGR of about 33% over the next three years (FY20-23). However, its adjusted EBITDA margin is projected to reach 7.3% in FY23, from -3.3% in the last FY. Hence, investors should start to pay more attention to Unity's bottom line growth moving forward. The company could begin gaining tremendous leverage and turn profitable on an adjusted EBITDA basis.\nConsequently, we believe it's appropriate for us to apply a DCF valuation framework that accounts for its operating leverage moving forward. It would allow us to appreciate the impact of its profit drivers better.\nUnity stock DCF valuation model. Data source: S&P Capital IQ, company filings, author\nHence, Unity stock seems to be right in our fair value zone right now. Investors who need a more considerable margin of safety can continue to wait for a potentially deeper retracement. However, investors who have high conviction could use this opportunity to add exposure to a fantastic company.\nConsequently,we revise our rating on Unity stock to Buy.","news_type":1,"symbols_score_info":{"U":0.9}},"isVote":1,"tweetType":1,"viewCount":2870,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":696930874,"gmtCreate":1640592738404,"gmtModify":1640592739734,"author":{"id":"3561259559295872","authorId":"3561259559295872","name":"SquareGuy","avatar":"https://static.tigerbbs.com/c4aa86e9311a7ff0643a2e9f93645a8c","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3561259559295872","idStr":"3561259559295872"},"themes":[],"htmlText":"Like<a href=\"https://laohu8.com/S/ATER\">$Aterian Inc.(ATER)$</a>","listText":"Like<a href=\"https://laohu8.com/S/ATER\">$Aterian Inc.(ATER)$</a>","text":"Like$Aterian Inc.(ATER)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/696930874","repostId":"1170511361","repostType":4,"repost":{"id":"1170511361","kind":"news","pubTimestamp":1640587121,"share":"https://www.laohu8.com/m/news/1170511361?lang=zh_CN&edition=full","pubTime":"2021-12-27 14:38","market":"us","language":"en","title":"Teladoc Stock: Is Cathie Wood’s Meme Stock a Buy?<blockquote>Teladoc股票:Cathie Wood的Meme股票值得买入吗?</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1170511361","media":"TheStreet","summary":"Teladoc has arguably reached “meme” status. But this Cathie Wood-backed telemedicine company is near","content":"<p>Teladoc has arguably reached “meme” status. But this Cathie Wood-backed telemedicine company is nearly 70% off its all-time highs from earlier this year.</p><p><blockquote>Teladoc可以说已经达到了“模因”地位。但这家由Cathie Wood支持的远程医疗公司的股价较今年早些时候的历史高点下跌了近70%。</blockquote></p><p> The largest telehealth provider company in the world, Teladoc has been looking quite meme-y as of late. Its popularity on major discussion forums has risen; there’s increased short interest following its poor trading performance through the latter half of this year;<i>and</i>TDOC shares are one of the main holdings of the recently launched MEME ETF.</p><p><blockquote>作为世界上最大的远程医疗提供商公司,Teladoc最近看起来相当迷因。它在各大论坛上的人气上升;由于今年下半年交易表现不佳,空头兴趣有所增加;<i>和</i>TDOC股票是最近推出的MEME ETF的主要持股之一。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1d7ade96a142c2c31535c4c05941b745\" tg-width=\"1240\" tg-height=\"930\" width=\"100%\" height=\"auto\"><span>Figure 1: Teladoc offices.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图1:Teladoc办公室。</span></p></blockquote></p><p> Teladoc stock has also drawn investors’ attention because the company is one of the largest positions in Cathie Wood’s ARK Invest ETF family. The company was chosen for its disruptive business model, which fits right in with Ms. Wood’s investment strategy.</p><p><blockquote>Teladoc股票也引起了投资者的关注,因为该公司是Cathie Wood的ARK Invest ETF家族中最大的头寸之一。该公司因其颠覆性的商业模式而被选中,这正好符合伍德女士的投资策略。</blockquote></p><p> Here, we’ll take a closer look at Cathie Wood's “meme stock” bet. This is what you should know about TDOC shares.</p><p><blockquote>在这里,我们将仔细看看Cathie Wood的“模因股票”赌注。这是您应该了解的关于TDOC股票的信息。</blockquote></p><p> <b>Cathie Wood is buying the dip</b></p><p><blockquote><b>凯西·伍德正在逢低买入</b></blockquote></p><p> Cathie Wood’s bullishness on Teladoc stock is undeniable. The telemedicine company is thelargestholding, by percentage, in the ARK Genomic Revolution ETF (<b>ARKG</b>), accounting for 7% of the fund. It’s also thethird-largestholding on the ARK Innovation ETF (<b>ARKK</b>), accounting for 6.5% of the fund and sitting below only Tesla (<b>TSLA</b>) and Roku (<b>ROKU</b>) in weight share.</p><p><blockquote>Cathie Wood对Teladoc股票的看好是不可否认的。按百分比计算,这家远程医疗公司是ARK Genomic Revolution ETF中持股最大的公司(<b>ARKG</b>),占本基金的7%。它也是ARK Innovation ETF的第三大持股(<b>ARKK</b>),占该基金的6.5%,仅次于特斯拉(<b>特斯拉</b>)和Roku(<b>ROKU</b>)重量份额。</blockquote></p><p> In all of Ark Invest’s ETFs combined, Teladoc stock is the second-largest holding. In fact, Ark Invest owns nearly 11% of all TDOC shares, with shares having been bought at prices ranging from $148 to $172.</p><p><blockquote>在Ark Invest的所有ETF中,Teladoc股票是第二大持股。事实上,Ark Invest拥有TDOC近11%的股份,购买价格从148美元到172美元不等。</blockquote></p><p> Cathie Wood started investing in Teladoc in September of 2020, right in the middle of the COVID-19 pandemic. Early this year, Wood mentioned that her bullishness on Teladoc is due to her optimism about telemedicine innovations driven by artificial intelligence (AI). She expects the AI market to potentially reach $30 trillion over the next ten years. Following Teledoc’s acquisition of Livongo, Mrs. Wood believes Teladoc stands to be a clear beneficiary of AI market trends.</p><p><blockquote>Cathie Wood于2020年9月开始投资Teladoc,就在COVID-19大流行的中部。今年早些时候,Wood提到,她看好Teladoc是因为她看好人工智能(AI)驱动的远程医疗创新。她预计人工智能市场在未来十年可能达到30万亿美元。Teledoc收购Livongo后,Wood女士认为Teladoc将成为人工智能市场趋势的明显受益者。</blockquote></p><p> When asked about the prospect of Teladoc and other pandemic stay-at-home plays in a post-pandemic world, Mrs. Wood reiterated her belief that COVID-19 has only accelerated ongoing innovation processes, which will continue whether or not the pandemic peters out.</p><p><blockquote>当被问及Teladoc和其他疫情居家游戏在大流行后世界的前景时,伍德夫人重申了她的信念,即新冠肺炎只是加速了正在进行的创新进程,无论疫情是否逐渐消失,创新进程都将继续下去。</blockquote></p><p> Mrs. Wood made these statements in late February 2021. Since then, TDOC stock has dropped nearly 65% — yet Wood has continued to buy dips even into early December this year.</p><p><blockquote>伍德夫人在2021年2月下旬发表了这些声明。此后,TDOC股价已下跌近65%,但伍德甚至在今年12月初仍继续逢低买入。</blockquote></p><p> See the chart below:</p><p><blockquote>见下图:</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/688b2b77400231262232209461b60052\" tg-width=\"1212\" tg-height=\"632\" width=\"100%\" height=\"auto\"><span>Figure 2: ARKK holdings of Teladoc Health.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图2:Teladoc Health的ARKK控股公司。</span></p></blockquote></p><p> <b>Why is TDOC a meme stock?</b></p><p><blockquote><b>为什么TDOC是模因股票?</b></blockquote></p><p> The recently launched MEME ETF bases its methodology for selecting “meme stocks” on factors including a “social media activity score” (which itself is based on the number of social media mentions) and a short interest-based ranking. Holdings are then adjusted every two weeks based on updated calculations.</p><p><blockquote>最近推出的MEME ETF选择“MEME股票”的方法基于“社交媒体活动得分”(其本身基于社交媒体提及次数)和基于空头兴趣的排名等因素。然后根据更新的计算每两周调整一次持有量。</blockquote></p><p> Teladoc sits at the third position, by weight, on the MEME ETF holdings list (see below).</p><p><blockquote>按权重计算,Teladoc在MEME ETF持股名单上排名第三(见下文)。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/709d088c2501963d4a67373794a1b597\" tg-width=\"898\" tg-height=\"559\" width=\"100%\" height=\"auto\"><span>Figure 3: MEME ETF holdings.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图3:MEME ETF持有量。</span></p></blockquote></p><p> A sizable 14% of TDOC’s float is currently shorted. Bearishness surrounding the stock’s poor trading performance and weak outlooks for a post-pandemic scenario may have worked to drive both TDOC’s short interest<i>and</i>its popularity on main discussion forums.</p><p><blockquote>TDOC流通股中有相当大的14%目前被做空。围绕该股糟糕的交易表现和大流行后前景疲软的看跌情绪可能推动了TDOC的空头兴趣<i>和</i>它在主要论坛上的受欢迎程度。</blockquote></p><p> <b>Wall Street sees TDOC as undervalued</b></p><p><blockquote><b>华尔街认为TDOC被低估</b></blockquote></p><p> Analysts’ consensus on TDOC shares currently suggests the stock is a “moderate buy.” Its average price target, $159, implies a 67% upside ahead – that’s based on the last three months of analysis provided by 22 Wall Street experts.</p><p><blockquote>分析师目前对TDOC股票的共识表明,该股属于“适度买入”。其平均目标价为159美元,意味着未来还有67%的上涨空间——这是基于22位华尔街专家过去三个月提供的分析。</blockquote></p><p> Bulls, like Credit Suisse’s Jailendra Singh, forecast more than 115% upside potential ahead for Teladoc stock. His buy rating is based on Teladoc outperforming its peers. But he also mentioned that downside risks such as loss of any major contracts and failure to improve revenue and margins from current members may impact his bullish share price target, which he lowered by a dollar a month ago to $207.</p><p><blockquote>瑞士信贷(Credit Suisse)的Jailendra Singh等多头预测Teladoc股票未来的上涨潜力将超过115%。他的买入评级是基于Teladoc的表现优于同行。但他也提到,失去任何主要合同以及无法提高现有会员的收入和利润率等下行风险可能会影响他看涨的股价目标,一个月前他将该目标下调了1美元至207美元。</blockquote></p><p></p><p> At the same time, even a more skeptical analyst, like Jefferies analyst Glen Santagelo, who put out a neutral rating on TDOC shares, sees 18% upside ahead. Santagelo is concerned about multiple upcoming expansions, as revenue deceleration and investments’ impact on margins for FY 2022 may have compromised some of TDOC’s acquisition power. Nevertheless, the analyst remains “cautiously optimistic” on their outlook for Primary360, a key service that allows members to choose a primary care provider and work with a care team.</p><p><blockquote>与此同时,即使是持怀疑态度的分析师,如杰富瑞(Jefferies)分析师Glen Santagelo,他对TDOC股票给予了中性评级,也认为未来还有18%的上涨空间。Santagelo对即将到来的多次扩张感到担忧,因为收入减速和投资对2022财年利润率的影响可能会损害TDOC的部分收购能力。尽管如此,分析师对Primary360的前景仍然“谨慎乐观”,Primary360是一项允许会员选择初级保健提供者并与护理团队合作的关键服务。</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>Teladoc Stock: Is Cathie Wood’s Meme Stock a Buy?<blockquote>Teladoc股票:Cathie Wood的Meme股票值得买入吗?</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTeladoc Stock: Is Cathie Wood’s Meme Stock a Buy?<blockquote>Teladoc股票:Cathie Wood的Meme股票值得买入吗?</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">TheStreet</strong><span class=\"h-time small\">2021-12-27 14:38</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Teladoc has arguably reached “meme” status. But this Cathie Wood-backed telemedicine company is nearly 70% off its all-time highs from earlier this year.</p><p><blockquote>Teladoc可以说已经达到了“模因”地位。但这家由Cathie Wood支持的远程医疗公司的股价较今年早些时候的历史高点下跌了近70%。</blockquote></p><p> The largest telehealth provider company in the world, Teladoc has been looking quite meme-y as of late. Its popularity on major discussion forums has risen; there’s increased short interest following its poor trading performance through the latter half of this year;<i>and</i>TDOC shares are one of the main holdings of the recently launched MEME ETF.</p><p><blockquote>作为世界上最大的远程医疗提供商公司,Teladoc最近看起来相当迷因。它在各大论坛上的人气上升;由于今年下半年交易表现不佳,空头兴趣有所增加;<i>和</i>TDOC股票是最近推出的MEME ETF的主要持股之一。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1d7ade96a142c2c31535c4c05941b745\" tg-width=\"1240\" tg-height=\"930\" width=\"100%\" height=\"auto\"><span>Figure 1: Teladoc offices.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图1:Teladoc办公室。</span></p></blockquote></p><p> Teladoc stock has also drawn investors’ attention because the company is one of the largest positions in Cathie Wood’s ARK Invest ETF family. The company was chosen for its disruptive business model, which fits right in with Ms. Wood’s investment strategy.</p><p><blockquote>Teladoc股票也引起了投资者的关注,因为该公司是Cathie Wood的ARK Invest ETF家族中最大的头寸之一。该公司因其颠覆性的商业模式而被选中,这正好符合伍德女士的投资策略。</blockquote></p><p> Here, we’ll take a closer look at Cathie Wood's “meme stock” bet. This is what you should know about TDOC shares.</p><p><blockquote>在这里,我们将仔细看看Cathie Wood的“模因股票”赌注。这是您应该了解的关于TDOC股票的信息。</blockquote></p><p> <b>Cathie Wood is buying the dip</b></p><p><blockquote><b>凯西·伍德正在逢低买入</b></blockquote></p><p> Cathie Wood’s bullishness on Teladoc stock is undeniable. The telemedicine company is thelargestholding, by percentage, in the ARK Genomic Revolution ETF (<b>ARKG</b>), accounting for 7% of the fund. It’s also thethird-largestholding on the ARK Innovation ETF (<b>ARKK</b>), accounting for 6.5% of the fund and sitting below only Tesla (<b>TSLA</b>) and Roku (<b>ROKU</b>) in weight share.</p><p><blockquote>Cathie Wood对Teladoc股票的看好是不可否认的。按百分比计算,这家远程医疗公司是ARK Genomic Revolution ETF中持股最大的公司(<b>ARKG</b>),占本基金的7%。它也是ARK Innovation ETF的第三大持股(<b>ARKK</b>),占该基金的6.5%,仅次于特斯拉(<b>特斯拉</b>)和Roku(<b>ROKU</b>)重量份额。</blockquote></p><p> In all of Ark Invest’s ETFs combined, Teladoc stock is the second-largest holding. In fact, Ark Invest owns nearly 11% of all TDOC shares, with shares having been bought at prices ranging from $148 to $172.</p><p><blockquote>在Ark Invest的所有ETF中,Teladoc股票是第二大持股。事实上,Ark Invest拥有TDOC近11%的股份,购买价格从148美元到172美元不等。</blockquote></p><p> Cathie Wood started investing in Teladoc in September of 2020, right in the middle of the COVID-19 pandemic. Early this year, Wood mentioned that her bullishness on Teladoc is due to her optimism about telemedicine innovations driven by artificial intelligence (AI). She expects the AI market to potentially reach $30 trillion over the next ten years. Following Teledoc’s acquisition of Livongo, Mrs. Wood believes Teladoc stands to be a clear beneficiary of AI market trends.</p><p><blockquote>Cathie Wood于2020年9月开始投资Teladoc,就在COVID-19大流行的中部。今年早些时候,Wood提到,她看好Teladoc是因为她看好人工智能(AI)驱动的远程医疗创新。她预计人工智能市场在未来十年可能达到30万亿美元。Teledoc收购Livongo后,Wood女士认为Teladoc将成为人工智能市场趋势的明显受益者。</blockquote></p><p> When asked about the prospect of Teladoc and other pandemic stay-at-home plays in a post-pandemic world, Mrs. Wood reiterated her belief that COVID-19 has only accelerated ongoing innovation processes, which will continue whether or not the pandemic peters out.</p><p><blockquote>当被问及Teladoc和其他疫情居家游戏在大流行后世界的前景时,伍德夫人重申了她的信念,即新冠肺炎只是加速了正在进行的创新进程,无论疫情是否逐渐消失,创新进程都将继续下去。</blockquote></p><p> Mrs. Wood made these statements in late February 2021. Since then, TDOC stock has dropped nearly 65% — yet Wood has continued to buy dips even into early December this year.</p><p><blockquote>伍德夫人在2021年2月下旬发表了这些声明。此后,TDOC股价已下跌近65%,但伍德甚至在今年12月初仍继续逢低买入。</blockquote></p><p> See the chart below:</p><p><blockquote>见下图:</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/688b2b77400231262232209461b60052\" tg-width=\"1212\" tg-height=\"632\" width=\"100%\" height=\"auto\"><span>Figure 2: ARKK holdings of Teladoc Health.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图2:Teladoc Health的ARKK控股公司。</span></p></blockquote></p><p> <b>Why is TDOC a meme stock?</b></p><p><blockquote><b>为什么TDOC是模因股票?</b></blockquote></p><p> The recently launched MEME ETF bases its methodology for selecting “meme stocks” on factors including a “social media activity score” (which itself is based on the number of social media mentions) and a short interest-based ranking. Holdings are then adjusted every two weeks based on updated calculations.</p><p><blockquote>最近推出的MEME ETF选择“MEME股票”的方法基于“社交媒体活动得分”(其本身基于社交媒体提及次数)和基于空头兴趣的排名等因素。然后根据更新的计算每两周调整一次持有量。</blockquote></p><p> Teladoc sits at the third position, by weight, on the MEME ETF holdings list (see below).</p><p><blockquote>按权重计算,Teladoc在MEME ETF持股名单上排名第三(见下文)。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/709d088c2501963d4a67373794a1b597\" tg-width=\"898\" tg-height=\"559\" width=\"100%\" height=\"auto\"><span>Figure 3: MEME ETF holdings.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图3:MEME ETF持有量。</span></p></blockquote></p><p> A sizable 14% of TDOC’s float is currently shorted. Bearishness surrounding the stock’s poor trading performance and weak outlooks for a post-pandemic scenario may have worked to drive both TDOC’s short interest<i>and</i>its popularity on main discussion forums.</p><p><blockquote>TDOC流通股中有相当大的14%目前被做空。围绕该股糟糕的交易表现和大流行后前景疲软的看跌情绪可能推动了TDOC的空头兴趣<i>和</i>它在主要论坛上的受欢迎程度。</blockquote></p><p> <b>Wall Street sees TDOC as undervalued</b></p><p><blockquote><b>华尔街认为TDOC被低估</b></blockquote></p><p> Analysts’ consensus on TDOC shares currently suggests the stock is a “moderate buy.” Its average price target, $159, implies a 67% upside ahead – that’s based on the last three months of analysis provided by 22 Wall Street experts.</p><p><blockquote>分析师目前对TDOC股票的共识表明,该股属于“适度买入”。其平均目标价为159美元,意味着未来还有67%的上涨空间——这是基于22位华尔街专家过去三个月提供的分析。</blockquote></p><p> Bulls, like Credit Suisse’s Jailendra Singh, forecast more than 115% upside potential ahead for Teladoc stock. His buy rating is based on Teladoc outperforming its peers. But he also mentioned that downside risks such as loss of any major contracts and failure to improve revenue and margins from current members may impact his bullish share price target, which he lowered by a dollar a month ago to $207.</p><p><blockquote>瑞士信贷(Credit Suisse)的Jailendra Singh等多头预测Teladoc股票未来的上涨潜力将超过115%。他的买入评级是基于Teladoc的表现优于同行。但他也提到,失去任何主要合同以及无法提高现有会员的收入和利润率等下行风险可能会影响他看涨的股价目标,一个月前他将该目标下调了1美元至207美元。</blockquote></p><p></p><p> At the same time, even a more skeptical analyst, like Jefferies analyst Glen Santagelo, who put out a neutral rating on TDOC shares, sees 18% upside ahead. Santagelo is concerned about multiple upcoming expansions, as revenue deceleration and investments’ impact on margins for FY 2022 may have compromised some of TDOC’s acquisition power. Nevertheless, the analyst remains “cautiously optimistic” on their outlook for Primary360, a key service that allows members to choose a primary care provider and work with a care team.</p><p><blockquote>与此同时,即使是持怀疑态度的分析师,如杰富瑞(Jefferies)分析师Glen Santagelo,他对TDOC股票给予了中性评级,也认为未来还有18%的上涨空间。Santagelo对即将到来的多次扩张感到担忧,因为收入减速和投资对2022财年利润率的影响可能会损害TDOC的部分收购能力。尽管如此,分析师对Primary360的前景仍然“谨慎乐观”,Primary360是一项允许会员选择初级保健提供者并与护理团队合作的关键服务。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://www.thestreet.com/memestocks/other-memes/teladoc-stock-is-cathie-woods-meme-stock-a-buy\">TheStreet</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":{"TDOC":"Teladoc Health Inc."},"source_url":"https://www.thestreet.com/memestocks/other-memes/teladoc-stock-is-cathie-woods-meme-stock-a-buy","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1170511361","content_text":"Teladoc has arguably reached “meme” status. But this Cathie Wood-backed telemedicine company is nearly 70% off its all-time highs from earlier this year.\nThe largest telehealth provider company in the world, Teladoc has been looking quite meme-y as of late. Its popularity on major discussion forums has risen; there’s increased short interest following its poor trading performance through the latter half of this year;andTDOC shares are one of the main holdings of the recently launched MEME ETF.\nFigure 1: Teladoc offices.\nTeladoc stock has also drawn investors’ attention because the company is one of the largest positions in Cathie Wood’s ARK Invest ETF family. The company was chosen for its disruptive business model, which fits right in with Ms. Wood’s investment strategy.\nHere, we’ll take a closer look at Cathie Wood's “meme stock” bet. This is what you should know about TDOC shares.\nCathie Wood is buying the dip\nCathie Wood’s bullishness on Teladoc stock is undeniable. The telemedicine company is thelargestholding, by percentage, in the ARK Genomic Revolution ETF (ARKG), accounting for 7% of the fund. It’s also thethird-largestholding on the ARK Innovation ETF (ARKK), accounting for 6.5% of the fund and sitting below only Tesla (TSLA) and Roku (ROKU) in weight share.\nIn all of Ark Invest’s ETFs combined, Teladoc stock is the second-largest holding. In fact, Ark Invest owns nearly 11% of all TDOC shares, with shares having been bought at prices ranging from $148 to $172.\nCathie Wood started investing in Teladoc in September of 2020, right in the middle of the COVID-19 pandemic. Early this year, Wood mentioned that her bullishness on Teladoc is due to her optimism about telemedicine innovations driven by artificial intelligence (AI). She expects the AI market to potentially reach $30 trillion over the next ten years. Following Teledoc’s acquisition of Livongo, Mrs. Wood believes Teladoc stands to be a clear beneficiary of AI market trends.\nWhen asked about the prospect of Teladoc and other pandemic stay-at-home plays in a post-pandemic world, Mrs. Wood reiterated her belief that COVID-19 has only accelerated ongoing innovation processes, which will continue whether or not the pandemic peters out.\nMrs. Wood made these statements in late February 2021. Since then, TDOC stock has dropped nearly 65% — yet Wood has continued to buy dips even into early December this year.\nSee the chart below:\nFigure 2: ARKK holdings of Teladoc Health.\nWhy is TDOC a meme stock?\nThe recently launched MEME ETF bases its methodology for selecting “meme stocks” on factors including a “social media activity score” (which itself is based on the number of social media mentions) and a short interest-based ranking. Holdings are then adjusted every two weeks based on updated calculations.\nTeladoc sits at the third position, by weight, on the MEME ETF holdings list (see below).\nFigure 3: MEME ETF holdings.\nA sizable 14% of TDOC’s float is currently shorted. Bearishness surrounding the stock’s poor trading performance and weak outlooks for a post-pandemic scenario may have worked to drive both TDOC’s short interestandits popularity on main discussion forums.\nWall Street sees TDOC as undervalued\nAnalysts’ consensus on TDOC shares currently suggests the stock is a “moderate buy.” Its average price target, $159, implies a 67% upside ahead – that’s based on the last three months of analysis provided by 22 Wall Street experts.\nBulls, like Credit Suisse’s Jailendra Singh, forecast more than 115% upside potential ahead for Teladoc stock. His buy rating is based on Teladoc outperforming its peers. But he also mentioned that downside risks such as loss of any major contracts and failure to improve revenue and margins from current members may impact his bullish share price target, which he lowered by a dollar a month ago to $207.\nAt the same time, even a more skeptical analyst, like Jefferies analyst Glen Santagelo, who put out a neutral rating on TDOC shares, sees 18% upside ahead. Santagelo is concerned about multiple upcoming expansions, as revenue deceleration and investments’ impact on margins for FY 2022 may have compromised some of TDOC’s acquisition power. Nevertheless, the analyst remains “cautiously optimistic” on their outlook for Primary360, a key service that allows members to choose a primary care provider and work with a care team.","news_type":1,"symbols_score_info":{"TDOC":0.9}},"isVote":1,"tweetType":1,"viewCount":2322,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":696930081,"gmtCreate":1640592567206,"gmtModify":1640592568576,"author":{"id":"3561259559295872","authorId":"3561259559295872","name":"SquareGuy","avatar":"https://static.tigerbbs.com/c4aa86e9311a7ff0643a2e9f93645a8c","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3561259559295872","idStr":"3561259559295872"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/696930081","repostId":"2194617785","repostType":4,"isVote":1,"tweetType":1,"viewCount":2226,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":693722052,"gmtCreate":1640084977215,"gmtModify":1640084978545,"author":{"id":"3561259559295872","authorId":"3561259559295872","name":"SquareGuy","avatar":"https://static.tigerbbs.com/c4aa86e9311a7ff0643a2e9f93645a8c","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3561259559295872","idStr":"3561259559295872"},"themes":[],"htmlText":"Like <a href=\"https://laohu8.com/S/BB\">$BlackBerry(BB)$</a>","listText":"Like <a href=\"https://laohu8.com/S/BB\">$BlackBerry(BB)$</a>","text":"Like $BlackBerry(BB)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/693722052","repostId":"1142422285","repostType":4,"repost":{"id":"1142422285","kind":"news","pubTimestamp":1640083121,"share":"https://www.laohu8.com/m/news/1142422285?lang=zh_CN&edition=full","pubTime":"2021-12-21 18:38","market":"us","language":"en","title":"5 Stocks To Watch For December 21, 2021<blockquote>2021年12月21日值得关注的5只股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1142422285","media":"Benzinga","summary":"Some of the stocks that may grab investor focus today are:\n\nWall Street expects General Mills, Inc. ","content":"<p><div> Some of the stocks that may grab investor focus today are: Wall Street expects General Mills, Inc. to report quarterly earnings at $1.05 per share on revenue of $4.84 billion before the opening bell....</p><p><blockquote><div>今天可能吸引投资者关注的一些股票有:华尔街预计通用磨坊公司将在开盘前报告季度收益为每股1.05美元,营收为48.4亿美元....</div></blockquote></p><p> <a href=\"https://www.benzinga.com/news/earnings/21/12/24714267/5-stocks-to-watch-for-december-21-2021\">网页链接</a> </div> </p><p><blockquote><a href=\"https://www.benzinga.com/news/earnings/21/12/24714267/5-stocks-to-watch-for-december-21-2021\">网页连接</a></blockquote></p><p></p>","source":"lsy1606299360108","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>5 Stocks To Watch For December 21, 2021<blockquote>2021年12月21日值得关注的5只股票</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\">\n5 Stocks To Watch For December 21, 2021<blockquote>2021年12月21日值得关注的5只股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Benzinga</strong><span class=\"h-time small\">2021-12-21 18:38</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> Some of the stocks that may grab investor focus today are: Wall Street expects General Mills, Inc. to report quarterly earnings at $1.05 per share on revenue of $4.84 billion before the opening bell....</p><p><blockquote><div>今天可能吸引投资者关注的一些股票有:华尔街预计通用磨坊公司将在开盘前报告季度收益为每股1.05美元,营收为48.4亿美元....</div></blockquote></p><p> <a href=\"https://www.benzinga.com/news/earnings/21/12/24714267/5-stocks-to-watch-for-december-21-2021\">网页链接</a> </div> </p><p><blockquote><a href=\"https://www.benzinga.com/news/earnings/21/12/24714267/5-stocks-to-watch-for-december-21-2021\">网页连接</a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://www.benzinga.com/news/earnings/21/12/24714267/5-stocks-to-watch-for-december-21-2021\">Benzinga</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":{"MU":"美光科技","NKE":"耐克","FDS":"辉盛研究系统","BB":"黑莓","GIS":"通用磨坊"},"source_url":"https://www.benzinga.com/news/earnings/21/12/24714267/5-stocks-to-watch-for-december-21-2021","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1142422285","content_text":"Some of the stocks that may grab investor focus today are:\n\nWall Street expects General Mills, Inc. to report quarterly earnings at $1.05 per share on revenue of $4.84 billion before the opening bell. General Mills shares slipped 1.3% to $66.91 in after-hours trading.\nNIKE, Inc. reported stronger-than-expected results for its second quarter on Monday. Nike shares gained 3.8% to $162.98 in the after-hours trading session.\nAnalysts are expecting FactSet Research Systems Inc. to have earned $2.99 per share on revenue of $419.13 million for the latest quarter. The company will release earnings before the markets open. FactSet Research shares gained 1% to $475.44 in after-hours trading.\nMicron Technology reported upbeat results for its first quarter and issued strong revenue guidance for the current quarter. Micron shares climbed 6.8% to $87.60 in the after-hours trading session.\nAnalysts expect BlackBerry Limited to report a quarterly loss at $0.07 per share on revenue of $177.25 million after the closing bell. BlackBerry shares gained 0.9% to $8.96 in after-hours trading.","news_type":1,"symbols_score_info":{"MU":0.9,"BB":0.9,"NKE":0.9,"GIS":0.9,"FDS":0.9}},"isVote":1,"tweetType":1,"viewCount":3444,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":607752464,"gmtCreate":1639608171490,"gmtModify":1639608172853,"author":{"id":"3561259559295872","authorId":"3561259559295872","name":"SquareGuy","avatar":"https://static.tigerbbs.com/c4aa86e9311a7ff0643a2e9f93645a8c","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3561259559295872","idStr":"3561259559295872"},"themes":[],"htmlText":"Risk ON now for SANTA RALLY ?","listText":"Risk ON now for SANTA RALLY ?","text":"Risk ON now for SANTA RALLY ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/607752464","repostId":"1144281028","repostType":4,"repost":{"id":"1144281028","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":1639596982,"share":"https://www.laohu8.com/m/news/1144281028?lang=zh_CN&edition=full","pubTime":"2021-12-16 03:36","market":"us","language":"en","title":"Powell expects inflation to fall closer to Fed's goal by end of next year<blockquote>鲍威尔预计明年年底通胀将更接近美联储目标</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1144281028","media":"Tiger Newspress","summary":"Economic growth and \"rapid gains\" in the employment picture are supporting the central bank's decision to accelerate the tapering of its asset purchase program, Federal Reserve Chair Jerome Powell said during his post-FOMC press conference.The recent increase in COVID and the emergence of the Omicron variant \"poses risk to the outlook,\" he said.","content":"<p><ul> <li>Economic growth and \"rapid gains\" in the employment picture are supporting the central bank's decision to accelerate the tapering of its asset purchase program, Federal Reserve Chair Jerome Powell said during his post-FOMC press conference.</li> <li>The recent increase in COVID and the emergence of the Omicron variant \"poses risk to the outlook,\" he said.</li> <li>\"The economy no longer needs increasing amounts of policy support,\" Powell said.</li> </ul> <ul> <li><b>3:30 PM ET:</b> \"I'm not troubled where the long bond is. We're focused on broader economic issues,\" he said.</li> </ul> <ul> <li><b>3:23 PM ET:</b> The central bank committee \"hasn't made any decision at all\" on when balance sheet runoff will start. \"We did have a balance sheet issue discussion, we'll have another at the next meeting... we didn't make any decisions today.\"</li> <li><b>3:22 PM ET:</b>Asset purchase decisions and raising interest rates are two separate decisions. The policymakers haven't yet discussed whether the higher interest rates will immediately follow the winding down of the taper.</li> <li><b>3:20 PM ET:</b>\"We are at a point after March that we can raise interest rates as and when appropriate,\" he said.</li> </ul> <ul> <li><b>3:18 PM ET:</b> He thinks cryptocurrency risks are a longer-term risk doesn't think of them as a financial stability concern. Also, he commented that stablecoins are not currently property regulated.</li> </ul> <ul> <li><b>3:16 PM ET</b>: \"Asset valuations are somewhat elevated,\" he In terms of financial risks, \"businesses have debt, but their default rates are very low.\" Money market funds are a vulnerability. Cyber risk is harder to deal with, he said.</li> </ul> <ul> <li><b>3:13 PM ET:</b> \"The risk of inflation becoming entrenched has increased. I don't think it's high, but it has increased,\" the Fed chair said. That's a major risk, along with the virus itself, he said.</li> </ul> <ul> <li><b>3:12 PM ET:</b>Consumer incomes are strong, and spending has been strong, he notes. \"We expect personal consumption expenditures to be very strong in the fourth quarter,\" he said.</li> </ul> <ul> <li>As of 3:09 PM ET, the Nasdaq climbs 1.0%, the S&P rises 0.9%, and the Dowgains 0.5%.</li> <li><b>3:08 PM ET:</b>\"It will take time and to get the pandemic under control\" to produce gains in the labor force participation rate, he said.</li> </ul> <ul> <li><b>3:03 PM ET</b>: \"The inflation that we got was not at all the inflation we were talking about or looking for in the framework,\" Powell said. The post-pandemic inflation was triggered by supply-side barriers, \"a very different kind of inflation\" that was considered in the Fed's policy framework.</li> </ul> <ul> <li><b>2:58 PM ET:</b> Turning to inflation: \"Wages are not a big part of the high inflation that we're seeing,\" he said. The Fed needs to watch for is if wages were persistently above productivity growth, he added, \"we don't see that yet.\" They're also carefully watching rent increases.</li> </ul> <ul> <li><b>2:56 PM ET:</b>Powell decided the Fed needed to speed up the taper after the November employment report came out in early December.</li> </ul> <ul> <li><b>2:53 PM:</b>Even with Omicron posing a risk to the economic outlook, Powell said accelerating the taper is warranted. At this point, \"it's very difficult to say what the economic effect will be... Moving forward the end of the taper is appropriate and Omicron doesn’t have much to do with it.\"</li> </ul> <ul> <li><b>2:47 PM:</b>While the unemployment rate has improved quickly and stands at about 4.2%, the labor force participation rate has been disappointing, he said. \"I do think it feels likely now that the return to higher LFP is going to take longer.\"</li> </ul> <ul> <li><b>2:44 PM</b>: He doesn't expect the Fed to start raising rates before the taper ends. It \"wouldn't be appropriate\" to raise rates while still increasing asset purchases, he said.</li> <li><b>2:42 PM ET:</b>\"We're basically two meetings away from finishing the taper,\" he noted.</li> <li><b>2:40 PM ET:</b>When asked what maximum employment looks like, Powell said it entails a \"broad range of indicators,\" such as the unemployment rate, labor force participation rate, and others. \"It is admittedly a judgment call because it's a range of factors. We are making rapid progress toward maximum employment.\"</li> <li>Earlier, the Federal Open Market Committee doubled the pace of tapering to $30B per month as inflation remained elevated and the labor market stayed strong.</li> <li>The faster pace of winding down the central bank's asset purchases puts it on track to boost rates earlier. Now all of the Fed officials expect at least one rate hike during 2022, with two-thirds of them predicting at least three 25-basis point increases during the year.</li> </ul> </p><p><blockquote><ul><li>美联储主席杰罗姆·鲍威尔在FOMC会议后的新闻发布会上表示,经济增长和就业形势的“快速增长”正在支持央行加速缩减资产购买计划的决定。</li><li>他说,最近新冠病毒的增加和奥密克戎变种的出现“对前景构成了风险”。</li><li>鲍威尔表示:“经济不再需要越来越多的政策支持。”</li></ul><ul><li><b>美国东部时间下午3:30:</b>“我并不担心长期债券在哪里。我们专注于更广泛的经济问题,”他说。</li></ul><ul><li><b>美国东部时间下午3:23:</b>央行委员会对于何时开始资产负债表决选“根本没有做出任何决定”。“我们确实讨论了资产负债表问题,我们将在下次会议上再讨论一次……我们今天没有做出任何决定。”</li><li><b>美国东部时间下午3:22:</b>资产购买决策和加息是两个独立的决策。政策制定者尚未讨论缩减购债规模后是否会立即加息。</li><li><b>美国东部时间下午3:20:</b>他表示:“三月份之后,我们可以在适当的时候加息。”</li></ul><ul><li><b>美国东部时间下午3:18:</b>他认为加密货币风险是一种长期风险,并不认为它们是金融稳定问题。此外,他评论说,稳定币目前不受财产监管。</li></ul><ul><li><b>美国东部时间下午3:16</b>:“资产估值有些偏高,”他在金融风险方面,“企业有债务,但违约率很低。”货币市场基金是一个弱点。他说,网络风险更难应对。</li></ul><ul><li><b>美国东部时间下午3:13:</b>美联储主席表示:“通胀变得根深蒂固的风险已经增加。我认为通胀并不高,但已经增加了。”他说,这与病毒本身一样是一个重大风险。</li></ul><ul><li><b>美国东部时间下午3:12:</b>他指出,消费者收入强劲,支出也强劲。“我们预计第四季度个人消费支出将非常强劲,”他说。</li></ul><ul><li>截至美国东部时间下午3:09,纳斯达克上涨1.0%,标准普尔指数上涨0.9%,道琼斯指数上涨0.5%。</li><li><b>美国东部时间下午3:08:</b>他说,“控制疫情需要时间”才能提高劳动力参与率。</li></ul><ul><li><b>美国东部时间下午3:03</b>:“我们得到的通胀根本不是我们在框架中谈论或寻找的通胀,”鲍威尔说。疫情后的通胀是由供给侧壁垒引发的,这是美联储政策框架中考虑的“一种非常不同的通胀”。</li></ul><ul><li><b>美国东部时间下午2:58:</b>谈到通货膨胀:“工资并不是我们看到的高通货膨胀的重要组成部分,”他说。他补充说,美联储需要关注工资是否持续高于生产率增长,“我们还没有看到这一点。”他们也在密切关注租金上涨。</li></ul><ul><li><b>美国东部时间下午2:56:</b>鲍威尔在12月初11月就业报告出来后决定美联储需要加快taper。</li></ul><ul><li><b>下午2点53分:</b>尽管奥密克戎对经济前景构成风险,但Powell表示,加速缩减规模是有道理的。在这一点上,“很难说经济影响会是什么……提前结束缩减是合适的,奥密克戎与此没有太大关系。”</li></ul><ul><li><b>下午2:47:</b>他说,虽然失业率迅速改善,约为4.2%,但劳动力参与率令人失望。“我确实认为,现在感觉恢复到更高的LFP可能需要更长的时间。”</li></ul><ul><li><b>下午2点44分</b>:他预计美联储不会在taper结束前开始加息。他表示,在增加资产购买的同时加息“不合适”。</li><li><b>美国东部时间下午2:42:</b>“我们基本上距离完成缩减规模还有两次会议,”他指出。</li><li><b>美国东部时间下午2:40:</b>当被问及最大就业是什么样子时,鲍威尔表示,这需要“广泛的指标”,例如失业率、劳动力参与率等。“诚然,这是一个判断看涨期权,因为这是一系列因素。我们正在朝着最大限度就业取得快速进展。”</li><li>早些时候,由于通胀居高不下且劳动力市场依然强劲,联邦公开市场委员会将缩减步伐提高了一倍,达到每月300亿美元。</li><li>央行逐步减少资产购买的步伐加快,使其有望提前加息。现在,所有美联储官员都预计2022年至少加息一次,其中三分之二的人预计年内至少加息三次25个基点。</li></ul></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>Powell expects inflation to fall closer to Fed's goal by end of next year<blockquote>鲍威尔预计明年年底通胀将更接近美联储目标</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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We're focused on broader economic issues,\" he said.</li> </ul> <ul> <li><b>3:23 PM ET:</b> The central bank committee \"hasn't made any decision at all\" on when balance sheet runoff will start. \"We did have a balance sheet issue discussion, we'll have another at the next meeting... we didn't make any decisions today.\"</li> <li><b>3:22 PM ET:</b>Asset purchase decisions and raising interest rates are two separate decisions. The policymakers haven't yet discussed whether the higher interest rates will immediately follow the winding down of the taper.</li> <li><b>3:20 PM ET:</b>\"We are at a point after March that we can raise interest rates as and when appropriate,\" he said.</li> </ul> <ul> <li><b>3:18 PM ET:</b> He thinks cryptocurrency risks are a longer-term risk doesn't think of them as a financial stability concern. Also, he commented that stablecoins are not currently property regulated.</li> </ul> <ul> <li><b>3:16 PM ET</b>: \"Asset valuations are somewhat elevated,\" he In terms of financial risks, \"businesses have debt, but their default rates are very low.\" Money market funds are a vulnerability. Cyber risk is harder to deal with, he said.</li> </ul> <ul> <li><b>3:13 PM ET:</b> \"The risk of inflation becoming entrenched has increased. I don't think it's high, but it has increased,\" the Fed chair said. That's a major risk, along with the virus itself, he said.</li> </ul> <ul> <li><b>3:12 PM ET:</b>Consumer incomes are strong, and spending has been strong, he notes. \"We expect personal consumption expenditures to be very strong in the fourth quarter,\" he said.</li> </ul> <ul> <li>As of 3:09 PM ET, the Nasdaq climbs 1.0%, the S&P rises 0.9%, and the Dowgains 0.5%.</li> <li><b>3:08 PM ET:</b>\"It will take time and to get the pandemic under control\" to produce gains in the labor force participation rate, he said.</li> </ul> <ul> <li><b>3:03 PM ET</b>: \"The inflation that we got was not at all the inflation we were talking about or looking for in the framework,\" Powell said. The post-pandemic inflation was triggered by supply-side barriers, \"a very different kind of inflation\" that was considered in the Fed's policy framework.</li> </ul> <ul> <li><b>2:58 PM ET:</b> Turning to inflation: \"Wages are not a big part of the high inflation that we're seeing,\" he said. The Fed needs to watch for is if wages were persistently above productivity growth, he added, \"we don't see that yet.\" They're also carefully watching rent increases.</li> </ul> <ul> <li><b>2:56 PM ET:</b>Powell decided the Fed needed to speed up the taper after the November employment report came out in early December.</li> </ul> <ul> <li><b>2:53 PM:</b>Even with Omicron posing a risk to the economic outlook, Powell said accelerating the taper is warranted. At this point, \"it's very difficult to say what the economic effect will be... Moving forward the end of the taper is appropriate and Omicron doesn’t have much to do with it.\"</li> </ul> <ul> <li><b>2:47 PM:</b>While the unemployment rate has improved quickly and stands at about 4.2%, the labor force participation rate has been disappointing, he said. \"I do think it feels likely now that the return to higher LFP is going to take longer.\"</li> </ul> <ul> <li><b>2:44 PM</b>: He doesn't expect the Fed to start raising rates before the taper ends. It \"wouldn't be appropriate\" to raise rates while still increasing asset purchases, he said.</li> <li><b>2:42 PM ET:</b>\"We're basically two meetings away from finishing the taper,\" he noted.</li> <li><b>2:40 PM ET:</b>When asked what maximum employment looks like, Powell said it entails a \"broad range of indicators,\" such as the unemployment rate, labor force participation rate, and others. \"It is admittedly a judgment call because it's a range of factors. We are making rapid progress toward maximum employment.\"</li> <li>Earlier, the Federal Open Market Committee doubled the pace of tapering to $30B per month as inflation remained elevated and the labor market stayed strong.</li> <li>The faster pace of winding down the central bank's asset purchases puts it on track to boost rates earlier. Now all of the Fed officials expect at least one rate hike during 2022, with two-thirds of them predicting at least three 25-basis point increases during the year.</li> </ul> </p><p><blockquote><ul><li>美联储主席杰罗姆·鲍威尔在FOMC会议后的新闻发布会上表示,经济增长和就业形势的“快速增长”正在支持央行加速缩减资产购买计划的决定。</li><li>他说,最近新冠病毒的增加和奥密克戎变种的出现“对前景构成了风险”。</li><li>鲍威尔表示:“经济不再需要越来越多的政策支持。”</li></ul><ul><li><b>美国东部时间下午3:30:</b>“我并不担心长期债券在哪里。我们专注于更广泛的经济问题,”他说。</li></ul><ul><li><b>美国东部时间下午3:23:</b>央行委员会对于何时开始资产负债表决选“根本没有做出任何决定”。“我们确实讨论了资产负债表问题,我们将在下次会议上再讨论一次……我们今天没有做出任何决定。”</li><li><b>美国东部时间下午3:22:</b>资产购买决策和加息是两个独立的决策。政策制定者尚未讨论缩减购债规模后是否会立即加息。</li><li><b>美国东部时间下午3:20:</b>他表示:“三月份之后,我们可以在适当的时候加息。”</li></ul><ul><li><b>美国东部时间下午3:18:</b>他认为加密货币风险是一种长期风险,并不认为它们是金融稳定问题。此外,他评论说,稳定币目前不受财产监管。</li></ul><ul><li><b>美国东部时间下午3:16</b>:“资产估值有些偏高,”他在金融风险方面,“企业有债务,但违约率很低。”货币市场基金是一个弱点。他说,网络风险更难应对。</li></ul><ul><li><b>美国东部时间下午3:13:</b>美联储主席表示:“通胀变得根深蒂固的风险已经增加。我认为通胀并不高,但已经增加了。”他说,这与病毒本身一样是一个重大风险。</li></ul><ul><li><b>美国东部时间下午3:12:</b>他指出,消费者收入强劲,支出也强劲。“我们预计第四季度个人消费支出将非常强劲,”他说。</li></ul><ul><li>截至美国东部时间下午3:09,纳斯达克上涨1.0%,标准普尔指数上涨0.9%,道琼斯指数上涨0.5%。</li><li><b>美国东部时间下午3:08:</b>他说,“控制疫情需要时间”才能提高劳动力参与率。</li></ul><ul><li><b>美国东部时间下午3:03</b>:“我们得到的通胀根本不是我们在框架中谈论或寻找的通胀,”鲍威尔说。疫情后的通胀是由供给侧壁垒引发的,这是美联储政策框架中考虑的“一种非常不同的通胀”。</li></ul><ul><li><b>美国东部时间下午2:58:</b>谈到通货膨胀:“工资并不是我们看到的高通货膨胀的重要组成部分,”他说。他补充说,美联储需要关注工资是否持续高于生产率增长,“我们还没有看到这一点。”他们也在密切关注租金上涨。</li></ul><ul><li><b>美国东部时间下午2:56:</b>鲍威尔在12月初11月就业报告出来后决定美联储需要加快taper。</li></ul><ul><li><b>下午2点53分:</b>尽管奥密克戎对经济前景构成风险,但Powell表示,加速缩减规模是有道理的。在这一点上,“很难说经济影响会是什么……提前结束缩减是合适的,奥密克戎与此没有太大关系。”</li></ul><ul><li><b>下午2:47:</b>他说,虽然失业率迅速改善,约为4.2%,但劳动力参与率令人失望。“我确实认为,现在感觉恢复到更高的LFP可能需要更长的时间。”</li></ul><ul><li><b>下午2点44分</b>:他预计美联储不会在taper结束前开始加息。他表示,在增加资产购买的同时加息“不合适”。</li><li><b>美国东部时间下午2:42:</b>“我们基本上距离完成缩减规模还有两次会议,”他指出。</li><li><b>美国东部时间下午2:40:</b>当被问及最大就业是什么样子时,鲍威尔表示,这需要“广泛的指标”,例如失业率、劳动力参与率等。“诚然,这是一个判断看涨期权,因为这是一系列因素。我们正在朝着最大限度就业取得快速进展。”</li><li>早些时候,由于通胀居高不下且劳动力市场依然强劲,联邦公开市场委员会将缩减步伐提高了一倍,达到每月300亿美元。</li><li>央行逐步减少资产购买的步伐加快,使其有望提前加息。现在,所有美联储官员都预计2022年至少加息一次,其中三分之二的人预计年内至少加息三次25个基点。</li></ul></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1144281028","content_text":"Economic growth and \"rapid gains\" in the employment picture are supporting the central bank's decision to accelerate the tapering of its asset purchase program, Federal Reserve Chair Jerome Powell said during his post-FOMC press conference.\nThe recent increase in COVID and the emergence of the Omicron variant \"poses risk to the outlook,\" he said.\n\"The economy no longer needs increasing amounts of policy support,\" Powell said.\n\n\n3:30 PM ET: \"I'm not troubled where the long bond is. We're focused on broader economic issues,\" he said.\n\n\n3:23 PM ET: The central bank committee \"hasn't made any decision at all\" on when balance sheet runoff will start. \"We did have a balance sheet issue discussion, we'll have another at the next meeting... we didn't make any decisions today.\"\n3:22 PM ET:Asset purchase decisions and raising interest rates are two separate decisions. The policymakers haven't yet discussed whether the higher interest rates will immediately follow the winding down of the taper.\n3:20 PM ET:\"We are at a point after March that we can raise interest rates as and when appropriate,\" he said.\n\n\n3:18 PM ET: He thinks cryptocurrency risks are a longer-term risk doesn't think of them as a financial stability concern. Also, he commented that stablecoins are not currently property regulated.\n\n\n3:16 PM ET: \"Asset valuations are somewhat elevated,\" he In terms of financial risks, \"businesses have debt, but their default rates are very low.\" Money market funds are a vulnerability. Cyber risk is harder to deal with, he said.\n\n\n3:13 PM ET: \"The risk of inflation becoming entrenched has increased. I don't think it's high, but it has increased,\" the Fed chair said. That's a major risk, along with the virus itself, he said.\n\n\n3:12 PM ET:Consumer incomes are strong, and spending has been strong, he notes. \"We expect personal consumption expenditures to be very strong in the fourth quarter,\" he said.\n\n\nAs of 3:09 PM ET, the Nasdaq climbs 1.0%, the S&P rises 0.9%, and the Dowgains 0.5%.\n3:08 PM ET:\"It will take time and to get the pandemic under control\" to produce gains in the labor force participation rate, he said.\n\n\n3:03 PM ET: \"The inflation that we got was not at all the inflation we were talking about or looking for in the framework,\" Powell said. The post-pandemic inflation was triggered by supply-side barriers, \"a very different kind of inflation\" that was considered in the Fed's policy framework.\n\n\n2:58 PM ET: Turning to inflation: \"Wages are not a big part of the high inflation that we're seeing,\" he said. The Fed needs to watch for is if wages were persistently above productivity growth, he added, \"we don't see that yet.\" They're also carefully watching rent increases.\n\n\n2:56 PM ET:Powell decided the Fed needed to speed up the taper after the November employment report came out in early December.\n\n\n2:53 PM:Even with Omicron posing a risk to the economic outlook, Powell said accelerating the taper is warranted. At this point, \"it's very difficult to say what the economic effect will be... Moving forward the end of the taper is appropriate and Omicron doesn’t have much to do with it.\"\n\n\n2:47 PM:While the unemployment rate has improved quickly and stands at about 4.2%, the labor force participation rate has been disappointing, he said. \"I do think it feels likely now that the return to higher LFP is going to take longer.\"\n\n\n2:44 PM: He doesn't expect the Fed to start raising rates before the taper ends. It \"wouldn't be appropriate\" to raise rates while still increasing asset purchases, he said.\n2:42 PM ET:\"We're basically two meetings away from finishing the taper,\" he noted.\n2:40 PM ET:When asked what maximum employment looks like, Powell said it entails a \"broad range of indicators,\" such as the unemployment rate, labor force participation rate, and others. \"It is admittedly a judgment call because it's a range of factors. We are making rapid progress toward maximum employment.\"\nEarlier, the Federal Open Market Committee doubled the pace of tapering to $30B per month as inflation remained elevated and the labor market stayed strong.\nThe faster pace of winding down the central bank's asset purchases puts it on track to boost rates earlier. Now all of the Fed officials expect at least one rate hike during 2022, with two-thirds of them predicting at least three 25-basis point increases during the year.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":2538,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":607758603,"gmtCreate":1639607851831,"gmtModify":1639619910025,"author":{"id":"3561259559295872","authorId":"3561259559295872","name":"SquareGuy","avatar":"https://static.tigerbbs.com/c4aa86e9311a7ff0643a2e9f93645a8c","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3561259559295872","idStr":"3561259559295872"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TNA\">$Direxion Daily Small Cap Bull 3x Shares(TNA)$</a> <a href=\"https://laohu8.com/S/ATER\">$Aterian Inc.(ATER)$</a> buy small caps for Xmas rally for this joyous season<a href=\"https://laohu8.com/S/TSLA\">$Tesla Motors(TSLA)$</a> and Lucid can wait !","listText":"<a href=\"https://laohu8.com/S/TNA\">$Direxion Daily Small Cap Bull 3x Shares(TNA)$</a> <a href=\"https://laohu8.com/S/ATER\">$Aterian Inc.(ATER)$</a> buy small caps for Xmas rally for this joyous season<a href=\"https://laohu8.com/S/TSLA\">$Tesla Motors(TSLA)$</a> and Lucid can wait !","text":"$Direxion Daily Small Cap Bull 3x Shares(TNA)$ $Aterian Inc.(ATER)$ buy small caps for Xmas rally for this joyous season$Tesla Motors(TSLA)$ and Lucid can wait !","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/607758603","repostId":"1144281028","repostType":4,"repost":{"id":"1144281028","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":1639596982,"share":"https://www.laohu8.com/m/news/1144281028?lang=zh_CN&edition=full","pubTime":"2021-12-16 03:36","market":"us","language":"en","title":"Powell expects inflation to fall closer to Fed's goal by end of next year<blockquote>鲍威尔预计明年年底通胀将更接近美联储目标</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1144281028","media":"Tiger Newspress","summary":"Economic growth and \"rapid gains\" in the employment picture are supporting the central bank's decision to accelerate the tapering of its asset purchase program, Federal Reserve Chair Jerome Powell said during his post-FOMC press conference.The recent increase in COVID and the emergence of the Omicron variant \"poses risk to the outlook,\" he said.","content":"<p><ul> <li>Economic growth and \"rapid gains\" in the employment picture are supporting the central bank's decision to accelerate the tapering of its asset purchase program, Federal Reserve Chair Jerome Powell said during his post-FOMC press conference.</li> <li>The recent increase in COVID and the emergence of the Omicron variant \"poses risk to the outlook,\" he said.</li> <li>\"The economy no longer needs increasing amounts of policy support,\" Powell said.</li> </ul> <ul> <li><b>3:30 PM ET:</b> \"I'm not troubled where the long bond is. We're focused on broader economic issues,\" he said.</li> </ul> <ul> <li><b>3:23 PM ET:</b> The central bank committee \"hasn't made any decision at all\" on when balance sheet runoff will start. \"We did have a balance sheet issue discussion, we'll have another at the next meeting... we didn't make any decisions today.\"</li> <li><b>3:22 PM ET:</b>Asset purchase decisions and raising interest rates are two separate decisions. The policymakers haven't yet discussed whether the higher interest rates will immediately follow the winding down of the taper.</li> <li><b>3:20 PM ET:</b>\"We are at a point after March that we can raise interest rates as and when appropriate,\" he said.</li> </ul> <ul> <li><b>3:18 PM ET:</b> He thinks cryptocurrency risks are a longer-term risk doesn't think of them as a financial stability concern. Also, he commented that stablecoins are not currently property regulated.</li> </ul> <ul> <li><b>3:16 PM ET</b>: \"Asset valuations are somewhat elevated,\" he In terms of financial risks, \"businesses have debt, but their default rates are very low.\" Money market funds are a vulnerability. Cyber risk is harder to deal with, he said.</li> </ul> <ul> <li><b>3:13 PM ET:</b> \"The risk of inflation becoming entrenched has increased. I don't think it's high, but it has increased,\" the Fed chair said. That's a major risk, along with the virus itself, he said.</li> </ul> <ul> <li><b>3:12 PM ET:</b>Consumer incomes are strong, and spending has been strong, he notes. \"We expect personal consumption expenditures to be very strong in the fourth quarter,\" he said.</li> </ul> <ul> <li>As of 3:09 PM ET, the Nasdaq climbs 1.0%, the S&P rises 0.9%, and the Dowgains 0.5%.</li> <li><b>3:08 PM ET:</b>\"It will take time and to get the pandemic under control\" to produce gains in the labor force participation rate, he said.</li> </ul> <ul> <li><b>3:03 PM ET</b>: \"The inflation that we got was not at all the inflation we were talking about or looking for in the framework,\" Powell said. The post-pandemic inflation was triggered by supply-side barriers, \"a very different kind of inflation\" that was considered in the Fed's policy framework.</li> </ul> <ul> <li><b>2:58 PM ET:</b> Turning to inflation: \"Wages are not a big part of the high inflation that we're seeing,\" he said. The Fed needs to watch for is if wages were persistently above productivity growth, he added, \"we don't see that yet.\" They're also carefully watching rent increases.</li> </ul> <ul> <li><b>2:56 PM ET:</b>Powell decided the Fed needed to speed up the taper after the November employment report came out in early December.</li> </ul> <ul> <li><b>2:53 PM:</b>Even with Omicron posing a risk to the economic outlook, Powell said accelerating the taper is warranted. At this point, \"it's very difficult to say what the economic effect will be... Moving forward the end of the taper is appropriate and Omicron doesn’t have much to do with it.\"</li> </ul> <ul> <li><b>2:47 PM:</b>While the unemployment rate has improved quickly and stands at about 4.2%, the labor force participation rate has been disappointing, he said. \"I do think it feels likely now that the return to higher LFP is going to take longer.\"</li> </ul> <ul> <li><b>2:44 PM</b>: He doesn't expect the Fed to start raising rates before the taper ends. It \"wouldn't be appropriate\" to raise rates while still increasing asset purchases, he said.</li> <li><b>2:42 PM ET:</b>\"We're basically two meetings away from finishing the taper,\" he noted.</li> <li><b>2:40 PM ET:</b>When asked what maximum employment looks like, Powell said it entails a \"broad range of indicators,\" such as the unemployment rate, labor force participation rate, and others. \"It is admittedly a judgment call because it's a range of factors. We are making rapid progress toward maximum employment.\"</li> <li>Earlier, the Federal Open Market Committee doubled the pace of tapering to $30B per month as inflation remained elevated and the labor market stayed strong.</li> <li>The faster pace of winding down the central bank's asset purchases puts it on track to boost rates earlier. Now all of the Fed officials expect at least one rate hike during 2022, with two-thirds of them predicting at least three 25-basis point increases during the year.</li> </ul> </p><p><blockquote><ul><li>美联储主席杰罗姆·鲍威尔在FOMC会议后的新闻发布会上表示,经济增长和就业形势的“快速增长”正在支持央行加速缩减资产购买计划的决定。</li><li>他说,最近新冠病毒的增加和奥密克戎变种的出现“对前景构成了风险”。</li><li>鲍威尔表示:“经济不再需要越来越多的政策支持。”</li></ul><ul><li><b>美国东部时间下午3:30:</b>“我并不担心长期债券在哪里。我们专注于更广泛的经济问题,”他说。</li></ul><ul><li><b>美国东部时间下午3:23:</b>央行委员会对于何时开始资产负债表决选“根本没有做出任何决定”。“我们确实讨论了资产负债表问题,我们将在下次会议上再讨论一次……我们今天没有做出任何决定。”</li><li><b>美国东部时间下午3:22:</b>资产购买决策和加息是两个独立的决策。政策制定者尚未讨论缩减购债规模后是否会立即加息。</li><li><b>美国东部时间下午3:20:</b>他表示:“三月份之后,我们可以在适当的时候加息。”</li></ul><ul><li><b>美国东部时间下午3:18:</b>他认为加密货币风险是一种长期风险,并不认为它们是金融稳定问题。此外,他评论说,稳定币目前不受财产监管。</li></ul><ul><li><b>美国东部时间下午3:16</b>:“资产估值有些偏高,”他在金融风险方面,“企业有债务,但违约率很低。”货币市场基金是一个弱点。他说,网络风险更难应对。</li></ul><ul><li><b>美国东部时间下午3:13:</b>美联储主席表示:“通胀变得根深蒂固的风险已经增加。我认为通胀并不高,但已经增加了。”他说,这与病毒本身一样是一个重大风险。</li></ul><ul><li><b>美国东部时间下午3:12:</b>他指出,消费者收入强劲,支出也强劲。“我们预计第四季度个人消费支出将非常强劲,”他说。</li></ul><ul><li>截至美国东部时间下午3:09,纳斯达克上涨1.0%,标准普尔指数上涨0.9%,道琼斯指数上涨0.5%。</li><li><b>美国东部时间下午3:08:</b>他说,“控制疫情需要时间”才能提高劳动力参与率。</li></ul><ul><li><b>美国东部时间下午3:03</b>:“我们得到的通胀根本不是我们在框架中谈论或寻找的通胀,”鲍威尔说。疫情后的通胀是由供给侧壁垒引发的,这是美联储政策框架中考虑的“一种非常不同的通胀”。</li></ul><ul><li><b>美国东部时间下午2:58:</b>谈到通货膨胀:“工资并不是我们看到的高通货膨胀的重要组成部分,”他说。他补充说,美联储需要关注工资是否持续高于生产率增长,“我们还没有看到这一点。”他们也在密切关注租金上涨。</li></ul><ul><li><b>美国东部时间下午2:56:</b>鲍威尔在12月初11月就业报告出来后决定美联储需要加快taper。</li></ul><ul><li><b>下午2点53分:</b>尽管奥密克戎对经济前景构成风险,但Powell表示,加速缩减规模是有道理的。在这一点上,“很难说经济影响会是什么……提前结束缩减是合适的,奥密克戎与此没有太大关系。”</li></ul><ul><li><b>下午2:47:</b>他说,虽然失业率迅速改善,约为4.2%,但劳动力参与率令人失望。“我确实认为,现在感觉恢复到更高的LFP可能需要更长的时间。”</li></ul><ul><li><b>下午2点44分</b>:他预计美联储不会在taper结束前开始加息。他表示,在增加资产购买的同时加息“不合适”。</li><li><b>美国东部时间下午2:42:</b>“我们基本上距离完成缩减规模还有两次会议,”他指出。</li><li><b>美国东部时间下午2:40:</b>当被问及最大就业是什么样子时,鲍威尔表示,这需要“广泛的指标”,例如失业率、劳动力参与率等。“诚然,这是一个判断看涨期权,因为这是一系列因素。我们正在朝着最大限度就业取得快速进展。”</li><li>早些时候,由于通胀居高不下且劳动力市场依然强劲,联邦公开市场委员会将缩减步伐提高了一倍,达到每月300亿美元。</li><li>央行逐步减少资产购买的步伐加快,使其有望提前加息。现在,所有美联储官员都预计2022年至少加息一次,其中三分之二的人预计年内至少加息三次25个基点。</li></ul></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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We're focused on broader economic issues,\" he said.</li> </ul> <ul> <li><b>3:23 PM ET:</b> The central bank committee \"hasn't made any decision at all\" on when balance sheet runoff will start. \"We did have a balance sheet issue discussion, we'll have another at the next meeting... we didn't make any decisions today.\"</li> <li><b>3:22 PM ET:</b>Asset purchase decisions and raising interest rates are two separate decisions. The policymakers haven't yet discussed whether the higher interest rates will immediately follow the winding down of the taper.</li> <li><b>3:20 PM ET:</b>\"We are at a point after March that we can raise interest rates as and when appropriate,\" he said.</li> </ul> <ul> <li><b>3:18 PM ET:</b> He thinks cryptocurrency risks are a longer-term risk doesn't think of them as a financial stability concern. Also, he commented that stablecoins are not currently property regulated.</li> </ul> <ul> <li><b>3:16 PM ET</b>: \"Asset valuations are somewhat elevated,\" he In terms of financial risks, \"businesses have debt, but their default rates are very low.\" Money market funds are a vulnerability. Cyber risk is harder to deal with, he said.</li> </ul> <ul> <li><b>3:13 PM ET:</b> \"The risk of inflation becoming entrenched has increased. I don't think it's high, but it has increased,\" the Fed chair said. That's a major risk, along with the virus itself, he said.</li> </ul> <ul> <li><b>3:12 PM ET:</b>Consumer incomes are strong, and spending has been strong, he notes. \"We expect personal consumption expenditures to be very strong in the fourth quarter,\" he said.</li> </ul> <ul> <li>As of 3:09 PM ET, the Nasdaq climbs 1.0%, the S&P rises 0.9%, and the Dowgains 0.5%.</li> <li><b>3:08 PM ET:</b>\"It will take time and to get the pandemic under control\" to produce gains in the labor force participation rate, he said.</li> </ul> <ul> <li><b>3:03 PM ET</b>: \"The inflation that we got was not at all the inflation we were talking about or looking for in the framework,\" Powell said. The post-pandemic inflation was triggered by supply-side barriers, \"a very different kind of inflation\" that was considered in the Fed's policy framework.</li> </ul> <ul> <li><b>2:58 PM ET:</b> Turning to inflation: \"Wages are not a big part of the high inflation that we're seeing,\" he said. The Fed needs to watch for is if wages were persistently above productivity growth, he added, \"we don't see that yet.\" They're also carefully watching rent increases.</li> </ul> <ul> <li><b>2:56 PM ET:</b>Powell decided the Fed needed to speed up the taper after the November employment report came out in early December.</li> </ul> <ul> <li><b>2:53 PM:</b>Even with Omicron posing a risk to the economic outlook, Powell said accelerating the taper is warranted. At this point, \"it's very difficult to say what the economic effect will be... Moving forward the end of the taper is appropriate and Omicron doesn’t have much to do with it.\"</li> </ul> <ul> <li><b>2:47 PM:</b>While the unemployment rate has improved quickly and stands at about 4.2%, the labor force participation rate has been disappointing, he said. \"I do think it feels likely now that the return to higher LFP is going to take longer.\"</li> </ul> <ul> <li><b>2:44 PM</b>: He doesn't expect the Fed to start raising rates before the taper ends. It \"wouldn't be appropriate\" to raise rates while still increasing asset purchases, he said.</li> <li><b>2:42 PM ET:</b>\"We're basically two meetings away from finishing the taper,\" he noted.</li> <li><b>2:40 PM ET:</b>When asked what maximum employment looks like, Powell said it entails a \"broad range of indicators,\" such as the unemployment rate, labor force participation rate, and others. \"It is admittedly a judgment call because it's a range of factors. We are making rapid progress toward maximum employment.\"</li> <li>Earlier, the Federal Open Market Committee doubled the pace of tapering to $30B per month as inflation remained elevated and the labor market stayed strong.</li> <li>The faster pace of winding down the central bank's asset purchases puts it on track to boost rates earlier. Now all of the Fed officials expect at least one rate hike during 2022, with two-thirds of them predicting at least three 25-basis point increases during the year.</li> </ul> </p><p><blockquote><ul><li>美联储主席杰罗姆·鲍威尔在FOMC会议后的新闻发布会上表示,经济增长和就业形势的“快速增长”正在支持央行加速缩减资产购买计划的决定。</li><li>他说,最近新冠病毒的增加和奥密克戎变种的出现“对前景构成了风险”。</li><li>鲍威尔表示:“经济不再需要越来越多的政策支持。”</li></ul><ul><li><b>美国东部时间下午3:30:</b>“我并不担心长期债券在哪里。我们专注于更广泛的经济问题,”他说。</li></ul><ul><li><b>美国东部时间下午3:23:</b>央行委员会对于何时开始资产负债表决选“根本没有做出任何决定”。“我们确实讨论了资产负债表问题,我们将在下次会议上再讨论一次……我们今天没有做出任何决定。”</li><li><b>美国东部时间下午3:22:</b>资产购买决策和加息是两个独立的决策。政策制定者尚未讨论缩减购债规模后是否会立即加息。</li><li><b>美国东部时间下午3:20:</b>他表示:“三月份之后,我们可以在适当的时候加息。”</li></ul><ul><li><b>美国东部时间下午3:18:</b>他认为加密货币风险是一种长期风险,并不认为它们是金融稳定问题。此外,他评论说,稳定币目前不受财产监管。</li></ul><ul><li><b>美国东部时间下午3:16</b>:“资产估值有些偏高,”他在金融风险方面,“企业有债务,但违约率很低。”货币市场基金是一个弱点。他说,网络风险更难应对。</li></ul><ul><li><b>美国东部时间下午3:13:</b>美联储主席表示:“通胀变得根深蒂固的风险已经增加。我认为通胀并不高,但已经增加了。”他说,这与病毒本身一样是一个重大风险。</li></ul><ul><li><b>美国东部时间下午3:12:</b>他指出,消费者收入强劲,支出也强劲。“我们预计第四季度个人消费支出将非常强劲,”他说。</li></ul><ul><li>截至美国东部时间下午3:09,纳斯达克上涨1.0%,标准普尔指数上涨0.9%,道琼斯指数上涨0.5%。</li><li><b>美国东部时间下午3:08:</b>他说,“控制疫情需要时间”才能提高劳动力参与率。</li></ul><ul><li><b>美国东部时间下午3:03</b>:“我们得到的通胀根本不是我们在框架中谈论或寻找的通胀,”鲍威尔说。疫情后的通胀是由供给侧壁垒引发的,这是美联储政策框架中考虑的“一种非常不同的通胀”。</li></ul><ul><li><b>美国东部时间下午2:58:</b>谈到通货膨胀:“工资并不是我们看到的高通货膨胀的重要组成部分,”他说。他补充说,美联储需要关注工资是否持续高于生产率增长,“我们还没有看到这一点。”他们也在密切关注租金上涨。</li></ul><ul><li><b>美国东部时间下午2:56:</b>鲍威尔在12月初11月就业报告出来后决定美联储需要加快taper。</li></ul><ul><li><b>下午2点53分:</b>尽管奥密克戎对经济前景构成风险,但Powell表示,加速缩减规模是有道理的。在这一点上,“很难说经济影响会是什么……提前结束缩减是合适的,奥密克戎与此没有太大关系。”</li></ul><ul><li><b>下午2:47:</b>他说,虽然失业率迅速改善,约为4.2%,但劳动力参与率令人失望。“我确实认为,现在感觉恢复到更高的LFP可能需要更长的时间。”</li></ul><ul><li><b>下午2点44分</b>:他预计美联储不会在taper结束前开始加息。他表示,在增加资产购买的同时加息“不合适”。</li><li><b>美国东部时间下午2:42:</b>“我们基本上距离完成缩减规模还有两次会议,”他指出。</li><li><b>美国东部时间下午2:40:</b>当被问及最大就业是什么样子时,鲍威尔表示,这需要“广泛的指标”,例如失业率、劳动力参与率等。“诚然,这是一个判断看涨期权,因为这是一系列因素。我们正在朝着最大限度就业取得快速进展。”</li><li>早些时候,由于通胀居高不下且劳动力市场依然强劲,联邦公开市场委员会将缩减步伐提高了一倍,达到每月300亿美元。</li><li>央行逐步减少资产购买的步伐加快,使其有望提前加息。现在,所有美联储官员都预计2022年至少加息一次,其中三分之二的人预计年内至少加息三次25个基点。</li></ul></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1144281028","content_text":"Economic growth and \"rapid gains\" in the employment picture are supporting the central bank's decision to accelerate the tapering of its asset purchase program, Federal Reserve Chair Jerome Powell said during his post-FOMC press conference.\nThe recent increase in COVID and the emergence of the Omicron variant \"poses risk to the outlook,\" he said.\n\"The economy no longer needs increasing amounts of policy support,\" Powell said.\n\n\n3:30 PM ET: \"I'm not troubled where the long bond is. We're focused on broader economic issues,\" he said.\n\n\n3:23 PM ET: The central bank committee \"hasn't made any decision at all\" on when balance sheet runoff will start. \"We did have a balance sheet issue discussion, we'll have another at the next meeting... we didn't make any decisions today.\"\n3:22 PM ET:Asset purchase decisions and raising interest rates are two separate decisions. The policymakers haven't yet discussed whether the higher interest rates will immediately follow the winding down of the taper.\n3:20 PM ET:\"We are at a point after March that we can raise interest rates as and when appropriate,\" he said.\n\n\n3:18 PM ET: He thinks cryptocurrency risks are a longer-term risk doesn't think of them as a financial stability concern. Also, he commented that stablecoins are not currently property regulated.\n\n\n3:16 PM ET: \"Asset valuations are somewhat elevated,\" he In terms of financial risks, \"businesses have debt, but their default rates are very low.\" Money market funds are a vulnerability. Cyber risk is harder to deal with, he said.\n\n\n3:13 PM ET: \"The risk of inflation becoming entrenched has increased. I don't think it's high, but it has increased,\" the Fed chair said. That's a major risk, along with the virus itself, he said.\n\n\n3:12 PM ET:Consumer incomes are strong, and spending has been strong, he notes. \"We expect personal consumption expenditures to be very strong in the fourth quarter,\" he said.\n\n\nAs of 3:09 PM ET, the Nasdaq climbs 1.0%, the S&P rises 0.9%, and the Dowgains 0.5%.\n3:08 PM ET:\"It will take time and to get the pandemic under control\" to produce gains in the labor force participation rate, he said.\n\n\n3:03 PM ET: \"The inflation that we got was not at all the inflation we were talking about or looking for in the framework,\" Powell said. The post-pandemic inflation was triggered by supply-side barriers, \"a very different kind of inflation\" that was considered in the Fed's policy framework.\n\n\n2:58 PM ET: Turning to inflation: \"Wages are not a big part of the high inflation that we're seeing,\" he said. The Fed needs to watch for is if wages were persistently above productivity growth, he added, \"we don't see that yet.\" They're also carefully watching rent increases.\n\n\n2:56 PM ET:Powell decided the Fed needed to speed up the taper after the November employment report came out in early December.\n\n\n2:53 PM:Even with Omicron posing a risk to the economic outlook, Powell said accelerating the taper is warranted. At this point, \"it's very difficult to say what the economic effect will be... Moving forward the end of the taper is appropriate and Omicron doesn’t have much to do with it.\"\n\n\n2:47 PM:While the unemployment rate has improved quickly and stands at about 4.2%, the labor force participation rate has been disappointing, he said. \"I do think it feels likely now that the return to higher LFP is going to take longer.\"\n\n\n2:44 PM: He doesn't expect the Fed to start raising rates before the taper ends. It \"wouldn't be appropriate\" to raise rates while still increasing asset purchases, he said.\n2:42 PM ET:\"We're basically two meetings away from finishing the taper,\" he noted.\n2:40 PM ET:When asked what maximum employment looks like, Powell said it entails a \"broad range of indicators,\" such as the unemployment rate, labor force participation rate, and others. \"It is admittedly a judgment call because it's a range of factors. We are making rapid progress toward maximum employment.\"\nEarlier, the Federal Open Market Committee doubled the pace of tapering to $30B per month as inflation remained elevated and the labor market stayed strong.\nThe faster pace of winding down the central bank's asset purchases puts it on track to boost rates earlier. Now all of the Fed officials expect at least one rate hike during 2022, with two-thirds of them predicting at least three 25-basis point increases during the year.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":2152,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":604576361,"gmtCreate":1639433357465,"gmtModify":1639433358745,"author":{"id":"3561259559295872","authorId":"3561259559295872","name":"SquareGuy","avatar":"https://static.tigerbbs.com/c4aa86e9311a7ff0643a2e9f93645a8c","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3561259559295872","idStr":"3561259559295872"},"themes":[],"htmlText":"Bought more. It will do well.","listText":"Bought more. It will do well.","text":"Bought more. It will do well.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/604576361","repostId":"1180589333","repostType":4,"repost":{"id":"1180589333","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":1639386147,"share":"https://www.laohu8.com/m/news/1180589333?lang=zh_CN&edition=full","pubTime":"2021-12-13 17:02","market":"us","language":"en","title":"Lucid Group jumped nearly 10% in premarket trading<blockquote>Lucid Group盘前交易上涨近10%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1180589333","media":"Tiger Newspress","summary":"Lucid Group jumped nearly 10% in premarket trading.The annual shakeup to the Nasdaq 100 stock-market","content":"<p>Lucid Group jumped nearly 10% in premarket trading.<img src=\"https://static.tigerbbs.com/c270392b735802f59630183a86e034f6\" tg-width=\"775\" tg-height=\"552\" referrerpolicy=\"no-referrer\">The annual shakeup to the Nasdaq 100 stock-market index may open up slots for Lucid Group Inc.and Airbnb Inc.</p><p><blockquote>Lucid Group在盘前交易中上涨近10%。纳斯达克100股市指数的年度调整可能会为Lucid Group Inc.和Airbnb Inc.开辟一席之地。</blockquote></p><p> JPMorgan Chase & Co.’s Min Moon, the bank’s head of equity index research and program trading strategy, said in a report that the two could be added to the closely watched tech-heavy benchmark late Friday, when the Nasdaq exchange will announce annual membership updates to account for changes in market capitalization. Such moves take effect after the close of trading on Dec. 17.</p><p><blockquote>摩根大通(JPMorgan Chase&Co.)的股票指数研究和程序交易策略主管Min Moon在一份报告中表示,这两家公司可能会在周五晚些时候被添加到备受关注的以科技股为主的基准中,届时纳斯达克交易所将宣布年度会员更新以考虑市值的变化。此类举措将于12月17日收盘后生效。</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>Lucid Group jumped nearly 10% in premarket trading<blockquote>Lucid Group盘前交易上涨近10%</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\">\nLucid Group jumped nearly 10% in premarket trading<blockquote>Lucid Group盘前交易上涨近10%</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\">2021-12-13 17:02</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Lucid Group jumped nearly 10% in premarket trading.<img src=\"https://static.tigerbbs.com/c270392b735802f59630183a86e034f6\" tg-width=\"775\" tg-height=\"552\" referrerpolicy=\"no-referrer\">The annual shakeup to the Nasdaq 100 stock-market index may open up slots for Lucid Group Inc.and Airbnb Inc.</p><p><blockquote>Lucid Group在盘前交易中上涨近10%。纳斯达克100股市指数的年度调整可能会为Lucid Group Inc.和Airbnb Inc.开辟一席之地。</blockquote></p><p> JPMorgan Chase & Co.’s Min Moon, the bank’s head of equity index research and program trading strategy, said in a report that the two could be added to the closely watched tech-heavy benchmark late Friday, when the Nasdaq exchange will announce annual membership updates to account for changes in market capitalization. Such moves take effect after the close of trading on Dec. 17.</p><p><blockquote>摩根大通(JPMorgan Chase&Co.)的股票指数研究和程序交易策略主管Min Moon在一份报告中表示,这两家公司可能会在周五晚些时候被添加到备受关注的以科技股为主的基准中,届时纳斯达克交易所将宣布年度会员更新以考虑市值的变化。此类举措将于12月17日收盘后生效。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LCID":"Lucid Group Inc"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1180589333","content_text":"Lucid Group jumped nearly 10% in premarket trading.The annual shakeup to the Nasdaq 100 stock-market index may open up slots for Lucid Group Inc.and Airbnb Inc.\nJPMorgan Chase & Co.’s Min Moon, the bank’s head of equity index research and program trading strategy, said in a report that the two could be added to the closely watched tech-heavy benchmark late Friday, when the Nasdaq exchange will announce annual membership updates to account for changes in market capitalization. Such moves take effect after the close of trading on Dec. 17.","news_type":1,"symbols_score_info":{"LCID":0.9}},"isVote":1,"tweetType":1,"viewCount":2139,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":604578716,"gmtCreate":1639433325727,"gmtModify":1639433353996,"author":{"id":"3561259559295872","authorId":"3561259559295872","name":"SquareGuy","avatar":"https://static.tigerbbs.com/c4aa86e9311a7ff0643a2e9f93645a8c","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3561259559295872","idStr":"3561259559295872"},"themes":[],"htmlText":"Buy and hodl. It will be up.","listText":"Buy and hodl. It will be up.","text":"Buy and hodl. It will be up.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/604578716","repostId":"1184794981","repostType":4,"repost":{"id":"1184794981","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":1639386488,"share":"https://www.laohu8.com/m/news/1184794981?lang=zh_CN&edition=full","pubTime":"2021-12-13 17:08","market":"us","language":"en","title":"Airbnb rose over 2% in premarket trading as it was added to Nasdaq 100 tech benchmark<blockquote>Airbnb被纳入纳斯达克100科技基准,盘前交易中上涨超过2%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1184794981","media":"Tiger Newspress","summary":"Airbnb rose over 2% in premarket trading as it was added to Nasdaq 100 tech benchmark.Six stocks, in","content":"<p>Airbnb rose over 2% in premarket trading as it was added to Nasdaq 100 tech benchmark.<img src=\"https://static.tigerbbs.com/1fa073b64a7a381813eec7833f3be7f1\" tg-width=\"771\" tg-height=\"558\" referrerpolicy=\"no-referrer\">Six stocks, including Airbnb and Lucid Group, will be added to the Nasdaq 100 index as part of its annual reconstitution, which adjusts the tech benchmark's membership for changes in market capitalisation. Fortinet, Palo Alto Networks, Zscaler and Datadog will also be added to the index.</p><p><blockquote>Airbnb被纳入纳斯达克100科技基准,在盘前交易中上涨超过2%。作为纳斯达克100指数年度重组的一部分,包括Airbnb和Lucid Group在内的六只股票将被添加到该指数中,该指数根据市值的变化调整该科技基准的成员资格。Fortinet、Palo Alto Networks、Zscaler和Datadog也将加入该指数。</blockquote></p><p> CDW, Fox, Cerner, Check Point Software Technologies, Trip.com Group, and Incyte will be removed from the Nasdaq 100 to make room for the new additions. All changes are effective as of the close on Dec 17, the same day as the rebalancing of the S&P 500 Index takes effect.</p><p><blockquote>CDW、Fox、Cerner、Check Point Software Technologies、Trip.com Group和Incyte将从纳斯达克100强中删除,为新增内容腾出空间。所有变更均于12月17日收盘时生效,即标普500指数再平衡生效的同一天。</blockquote></p><p> The Nasdaq 100 is made up of the largest non-financial companies listed on the exchange. While there's no minimum requirement for market value, its stocks must have an average daily trading volume over 200,000 shares to be eligible.</p><p><blockquote>纳斯达克100指数由在该交易所上市的最大非金融公司组成。虽然对市值没有最低要求,但其股票的日均交易量必须超过200,000股才有资格。</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>Airbnb rose over 2% in premarket trading as it was added to Nasdaq 100 tech benchmark<blockquote>Airbnb被纳入纳斯达克100科技基准,盘前交易中上涨超过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\">\nAirbnb rose over 2% in premarket trading as it was added to Nasdaq 100 tech benchmark<blockquote>Airbnb被纳入纳斯达克100科技基准,盘前交易中上涨超过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\">2021-12-13 17:08</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Airbnb rose over 2% in premarket trading as it was added to Nasdaq 100 tech benchmark.<img src=\"https://static.tigerbbs.com/1fa073b64a7a381813eec7833f3be7f1\" tg-width=\"771\" tg-height=\"558\" referrerpolicy=\"no-referrer\">Six stocks, including Airbnb and Lucid Group, will be added to the Nasdaq 100 index as part of its annual reconstitution, which adjusts the tech benchmark's membership for changes in market capitalisation. Fortinet, Palo Alto Networks, Zscaler and Datadog will also be added to the index.</p><p><blockquote>Airbnb被纳入纳斯达克100科技基准,在盘前交易中上涨超过2%。作为纳斯达克100指数年度重组的一部分,包括Airbnb和Lucid Group在内的六只股票将被添加到该指数中,该指数根据市值的变化调整该科技基准的成员资格。Fortinet、Palo Alto Networks、Zscaler和Datadog也将加入该指数。</blockquote></p><p> CDW, Fox, Cerner, Check Point Software Technologies, Trip.com Group, and Incyte will be removed from the Nasdaq 100 to make room for the new additions. All changes are effective as of the close on Dec 17, the same day as the rebalancing of the S&P 500 Index takes effect.</p><p><blockquote>CDW、Fox、Cerner、Check Point Software Technologies、Trip.com Group和Incyte将从纳斯达克100强中删除,为新增内容腾出空间。所有变更均于12月17日收盘时生效,即标普500指数再平衡生效的同一天。</blockquote></p><p> The Nasdaq 100 is made up of the largest non-financial companies listed on the exchange. While there's no minimum requirement for market value, its stocks must have an average daily trading volume over 200,000 shares to be eligible.</p><p><blockquote>纳斯达克100指数由在该交易所上市的最大非金融公司组成。虽然对市值没有最低要求,但其股票的日均交易量必须超过200,000股才有资格。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ABNB":"爱彼迎"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1184794981","content_text":"Airbnb rose over 2% in premarket trading as it was added to Nasdaq 100 tech benchmark.Six stocks, including Airbnb and Lucid Group, will be added to the Nasdaq 100 index as part of its annual reconstitution, which adjusts the tech benchmark's membership for changes in market capitalisation. Fortinet, Palo Alto Networks, Zscaler and Datadog will also be added to the index.\nCDW, Fox, Cerner, Check Point Software Technologies, Trip.com Group, and Incyte will be removed from the Nasdaq 100 to make room for the new additions. All changes are effective as of the close on Dec 17, the same day as the rebalancing of the S&P 500 Index takes effect.\nThe Nasdaq 100 is made up of the largest non-financial companies listed on the exchange. While there's no minimum requirement for market value, its stocks must have an average daily trading volume over 200,000 shares to be eligible.","news_type":1,"symbols_score_info":{"ABNB":0.9}},"isVote":1,"tweetType":1,"viewCount":2662,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":604578265,"gmtCreate":1639433256170,"gmtModify":1639433351952,"author":{"id":"3561259559295872","authorId":"3561259559295872","name":"SquareGuy","avatar":"https://static.tigerbbs.com/c4aa86e9311a7ff0643a2e9f93645a8c","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3561259559295872","idStr":"3561259559295872"},"themes":[],"htmlText":"Think don't wait for 950. Now is the time to buy. ","listText":"Think don't wait for 950. Now is the time to buy. ","text":"Think don't wait for 950. Now is the time to buy.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/604578265","repostId":"1180533734","repostType":4,"repost":{"id":"1180533734","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":1639407527,"share":"https://www.laohu8.com/m/news/1180533734?lang=zh_CN&edition=full","pubTime":"2021-12-13 22:58","market":"us","language":"en","title":"Tesla slid nearly 4% in morning trading,with its market value falling below $1 trillion again<blockquote>特斯拉早盘跌近4%市值再度跌破1万亿美元</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1180533734","media":"Tiger Newspress","summary":"TeslaChief Executive Officer Elon Musk was named Time magazine's 2021 \"Person of the Year\" on Monday.Musk is also the founder and CEO of rocket company SpaceX, and leads brain-chip startup Neuralink and infrastructure firm The Boring Company.However,Cathie Wood-led Ark Invest on Friday sold more shares in Tesla Inc, continuing to book profit in a stock that remains its largest bet.Ark Invest sold a total of 28,345 shares — estimated to be worth $28.83 million based on Friday’s closing — in the ","content":"<p>Tesla slid nearly 4% in morning trading,with its market value falling below $1 trillion again.<img src=\"https://static.tigerbbs.com/a28dab52e2d7615de33a3796d912329b\" tg-width=\"770\" tg-height=\"573\" referrerpolicy=\"no-referrer\"></p><p><blockquote>特斯拉早盘下跌近4%,市值再次跌破1万亿美元。</blockquote></p><p> Tesla(TSLA.O)Chief Executive Officer Elon Musk was named Time magazine's 2021 \"Person of the Year\" on Monday.</p><p><blockquote>特斯拉(TSLA.O)首席执行官Elon Musk周一被《时代》杂志评为2021年“年度人物”。</blockquote></p><p> Musk is also the founder and CEO of rocket company SpaceX, and leads brain-chip startup Neuralink and infrastructure firm The Boring Company.</p><p><blockquote>马斯克还是火箭公司SpaceX的创始人兼首席执行官,并领导大脑芯片初创公司Neuralink和基础设施公司The Boring Company。</blockquote></p><p> However,<b>Cathie Wood</b>-led <b>Ark Invest</b> on Friday sold more shares in <b>Tesla Inc</b>, continuing to book profit in a stock that remains its largest bet.</p><p><blockquote>然而,<b>凯西·伍德</b>-led<b>方舟投资</b>周五出售了更多股票<b>特斯拉公司</b>,继续在一只仍然是其最大赌注的股票中获利。</blockquote></p><p> Ark Invest sold a total of 28,345 shares — estimated to be worth $28.83 million based on Friday’s closing — in the electric vehicle maker.</p><p><blockquote>Ark Invest总共出售了这家电动汽车制造商的28,345股股票,根据周五收盘价估计价值2883万美元。</blockquote></p><p> Ark Invest sold the shares via the <b>Ark Innovation ETF</b> and the <b>Ark Autonomous Technology & Robotics ETF</b>(BATS:ARKQ) and also holds the stock via the<b>Ark Next Generation Internet ETF</b>(BATS:ARKW) on Friday.</p><p><blockquote>Ark Invest通过<b>方舟创新ETF</b>和<b>Ark自主技术与机器人ETF</b>(BATS:ARKQ)并通过<b>方舟下一代互联网ETF</b>(蝙蝠:ARKW)周五。</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>Tesla slid nearly 4% in morning trading,with its market value falling below $1 trillion again<blockquote>特斯拉早盘跌近4%市值再度跌破1万亿美元</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\">\nTesla slid nearly 4% in morning trading,with its market value falling below $1 trillion again<blockquote>特斯拉早盘跌近4%市值再度跌破1万亿美元</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\">2021-12-13 22:58</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Tesla slid nearly 4% in morning trading,with its market value falling below $1 trillion again.<img src=\"https://static.tigerbbs.com/a28dab52e2d7615de33a3796d912329b\" tg-width=\"770\" tg-height=\"573\" referrerpolicy=\"no-referrer\"></p><p><blockquote>特斯拉早盘下跌近4%,市值再次跌破1万亿美元。</blockquote></p><p> Tesla(TSLA.O)Chief Executive Officer Elon Musk was named Time magazine's 2021 \"Person of the Year\" on Monday.</p><p><blockquote>特斯拉(TSLA.O)首席执行官Elon Musk周一被《时代》杂志评为2021年“年度人物”。</blockquote></p><p> Musk is also the founder and CEO of rocket company SpaceX, and leads brain-chip startup Neuralink and infrastructure firm The Boring Company.</p><p><blockquote>马斯克还是火箭公司SpaceX的创始人兼首席执行官,并领导大脑芯片初创公司Neuralink和基础设施公司The Boring Company。</blockquote></p><p> However,<b>Cathie Wood</b>-led <b>Ark Invest</b> on Friday sold more shares in <b>Tesla Inc</b>, continuing to book profit in a stock that remains its largest bet.</p><p><blockquote>然而,<b>凯西·伍德</b>-led<b>方舟投资</b>周五出售了更多股票<b>特斯拉公司</b>,继续在一只仍然是其最大赌注的股票中获利。</blockquote></p><p> Ark Invest sold a total of 28,345 shares — estimated to be worth $28.83 million based on Friday’s closing — in the electric vehicle maker.</p><p><blockquote>Ark Invest总共出售了这家电动汽车制造商的28,345股股票,根据周五收盘价估计价值2883万美元。</blockquote></p><p> Ark Invest sold the shares via the <b>Ark Innovation ETF</b> and the <b>Ark Autonomous Technology & Robotics ETF</b>(BATS:ARKQ) and also holds the stock via the<b>Ark Next Generation Internet ETF</b>(BATS:ARKW) on Friday.</p><p><blockquote>Ark Invest通过<b>方舟创新ETF</b>和<b>Ark自主技术与机器人ETF</b>(BATS:ARKQ)并通过<b>方舟下一代互联网ETF</b>(蝙蝠:ARKW)周五。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1180533734","content_text":"Tesla slid nearly 4% in morning trading,with its market value falling below $1 trillion again.\nTesla(TSLA.O)Chief Executive Officer Elon Musk was named Time magazine's 2021 \"Person of the Year\" on Monday.\nMusk is also the founder and CEO of rocket company SpaceX, and leads brain-chip startup Neuralink and infrastructure firm The Boring Company.\nHowever,Cathie Wood-led Ark Invest on Friday sold more shares in Tesla Inc, continuing to book profit in a stock that remains its largest bet.\nArk Invest sold a total of 28,345 shares — estimated to be worth $28.83 million based on Friday’s closing — in the electric vehicle maker.\nArk Invest sold the shares via the Ark Innovation ETF and the Ark Autonomous Technology & Robotics ETF(BATS:ARKQ) and also holds the stock via theArk Next Generation Internet ETF(BATS:ARKW) on Friday.","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":879,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":604578384,"gmtCreate":1639433171101,"gmtModify":1639433350614,"author":{"id":"3561259559295872","authorId":"3561259559295872","name":"SquareGuy","avatar":"https://static.tigerbbs.com/c4aa86e9311a7ff0643a2e9f93645a8c","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3561259559295872","idStr":"3561259559295872"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/604578384","repostId":"1125628300","repostType":4,"repost":{"id":"1125628300","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":1639408702,"share":"https://www.laohu8.com/m/news/1125628300?lang=zh_CN&edition=full","pubTime":"2021-12-13 23:18","market":"us","language":"en","title":"EV stocks slid in morning trading, with Tesla falling over 4%,and Li,General motors,Ford falling around 3%<blockquote>电动汽车股早盘下滑,特斯拉跌超4%,Li、通用、福特跌3%左右</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1125628300","media":"Tiger Newspress","summary":"EV stocks slid in morning trading, with Tesla falling over 4%,and Li,General motors,Ford falling aro","content":"<p>EV stocks slid in morning trading, with Tesla falling over 4%,and Li,General motors,Ford falling around 3%.<img src=\"https://static.tigerbbs.com/339c507942577109dbbbb0437dd2eb2d\" tg-width=\"537\" tg-height=\"197\" width=\"100%\" height=\"auto\"></p><p><blockquote>电动汽车股早盘下跌,特斯拉跌超4%,Li、通用、福特跌约3%。</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>EV stocks slid in morning trading, with Tesla falling over 4%,and Li,General motors,Ford falling around 3%<blockquote>电动汽车股早盘下滑,特斯拉跌超4%,Li、通用、福特跌3%左右</blockquote></title>\n<style 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}\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\">\nEV stocks slid in morning trading, with Tesla falling over 4%,and Li,General motors,Ford falling around 3%<blockquote>电动汽车股早盘下滑,特斯拉跌超4%,Li、通用、福特跌3%左右</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\">2021-12-13 23:18</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>EV stocks slid in morning trading, with Tesla falling over 4%,and Li,General motors,Ford falling around 3%.<img src=\"https://static.tigerbbs.com/339c507942577109dbbbb0437dd2eb2d\" tg-width=\"537\" tg-height=\"197\" width=\"100%\" height=\"auto\"></p><p><blockquote>电动汽车股早盘下跌,特斯拉跌超4%,Li、通用、福特跌约3%。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GM":"通用汽车","LI":"理想汽车","TSLA":"特斯拉","F":"福特汽车"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1125628300","content_text":"EV stocks slid in morning trading, with Tesla falling over 4%,and Li,General motors,Ford falling around 3%.","news_type":1,"symbols_score_info":{"GM":0.9,"TSLA":0.9,"F":0.9,"LI":0.9}},"isVote":1,"tweetType":1,"viewCount":935,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":605804408,"gmtCreate":1639139853295,"gmtModify":1639139854557,"author":{"id":"3561259559295872","authorId":"3561259559295872","name":"SquareGuy","avatar":"https://static.tigerbbs.com/c4aa86e9311a7ff0643a2e9f93645a8c","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3561259559295872","idStr":"3561259559295872"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/PFE\">$Pfizer(PFE)$</a>i sold all, leaving pfe. A solid company , but I couldn't make much from u.","listText":"<a href=\"https://laohu8.com/S/PFE\">$Pfizer(PFE)$</a>i sold all, leaving pfe. A solid company , but I couldn't make much from u.","text":"$Pfizer(PFE)$i sold all, leaving pfe. A solid company , but I couldn't make much from u.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/605804408","isVote":1,"tweetType":1,"viewCount":1354,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3479274781436276","authorId":"3479274781436276","name":"BecauseOfYou","avatar":"https://static.laohu8.com/picture117","crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3479274781436276","idStr":"3479274781436276"},"content":"Well done. It's time to sell vaccine stocks.","text":"Well done. It's time to sell vaccine stocks.","html":"Well done. It's time to sell vaccine stocks."}],"imageCount":0,"langContent":"CN","totalScore":0},{"id":605804989,"gmtCreate":1639139768398,"gmtModify":1639139769624,"author":{"id":"3561259559295872","authorId":"3561259559295872","name":"SquareGuy","avatar":"https://static.tigerbbs.com/c4aa86e9311a7ff0643a2e9f93645a8c","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3561259559295872","idStr":"3561259559295872"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/605804989","repostId":"2190629793","repostType":2,"isVote":1,"tweetType":1,"viewCount":791,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":602554549,"gmtCreate":1639046510468,"gmtModify":1639046511669,"author":{"id":"3561259559295872","authorId":"3561259559295872","name":"SquareGuy","avatar":"https://static.tigerbbs.com/c4aa86e9311a7ff0643a2e9f93645a8c","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3561259559295872","idStr":"3561259559295872"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/602554549","repostId":"1192937541","repostType":4,"repost":{"id":"1192937541","kind":"news","pubTimestamp":1639045976,"share":"https://www.laohu8.com/m/news/1192937541?lang=zh_CN&edition=full","pubTime":"2021-12-09 18:32","market":"us","language":"en","title":"U.S. Stock Futures Wobble on Omicron Restrictions<blockquote>美国股指期货因奥密克戎限制而波动</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1192937541","media":"Wall Street Journal","summary":"U.S. stock futures edged down as investors assessed the latest headlines on restrictions to limit th","content":"<p>U.S. stock futures edged down as investors assessed the latest headlines on restrictions to limit the spread of the Omicron variant.</p><p><blockquote>由于投资者评估了有关限制奥密克戎变种传播的限制措施的最新头条新闻,美国股指期货小幅下跌。</blockquote></p><p> Futures tied to the S&P 500 retreated 0.3% Thursday, suggesting the broad-market index is set to pull back moderately after closing up 0.3% Wednesday. Dow Jones Industrial Average futures also slid 0.3% and Nasdaq-100 futures ticked down 0.2%.</p><p><blockquote>与标普500相关的期货周四下跌0.3%,表明大盘指数在周三收盘上涨0.3%后将小幅回调。道琼斯工业平均指数期货也下跌0.3%,纳斯达克100指数期货下跌0.2%。</blockquote></p><p> Stocks have swung in recent weeks, buffeted by conflicting headlines on the Omicron coronavirus variant and mixed signals on the health of the economy. Investors are still awaiting further data on the strain’s severity and vaccine efficacy. Some pharmaceutical companies including Pfizer and Glaxo Smith Kline have said this week that their shot and antibody treatment appears to work in early-stage studies.</p><p><blockquote>最近几周,受有关奥密克戎冠状病毒变种的相互矛盾的头条新闻和有关经济健康状况的混合信号的打击,股市出现波动。投资者仍在等待有关该毒株严重程度和疫苗效力的进一步数据。包括辉瑞和葛兰素史克在内的一些制药公司本周表示,他们的疫苗和抗体治疗在早期研究中似乎有效。</blockquote></p><p> European governments have moved to tighten restrictions, spurring concerns about setbacks to the economic recovery. U.K. Prime Minister Johnson outlined a new work-from-home mandate and mask guidelines on Wednesday evening. A study released by a Japanese scientist said the variant was four times more transmissible than the Delta strain.</p><p><blockquote>欧洲各国政府已采取行动收紧限制,引发人们对经济复苏受挫的担忧。英国首相约翰逊周三晚上概述了新的在家工作规定和口罩指南。日本科学家发布的一项研究称,该变种的传播力是德尔塔毒株的四倍。</blockquote></p><p> “There’s still a lot we don’t know, we’re waiting for details to emerge,” said Arun Sai, a multi-asset strategist at Pictet Asset Management. On restrictions, “as long as it’s temporary, it doesn’t completely derail the recovery. We now know the playbook. We’re talking about a one or two quarter postponement of a recovery in services, that’s the critical element that’s at risk here.”</p><p><blockquote>百达资产管理公司(Pictet Asset Management)多资产策略师阿伦·赛(Arun Sai)表示:“还有很多事情我们不知道,我们正在等待细节的出现。”关于限制,“只要是暂时的,就不会完全破坏复苏。我们现在知道了剧本。我们谈论的是服务业复苏推迟一两个季度,这是这里面临风险的关键因素。”</blockquote></p><p> The yield on the benchmark 10-year Treasury note edged down to 1.494% Thursday from 1.508% Wednesday.</p><p><blockquote>基准10年期国债收益率从周三的1.508%小幅降至周四的1.494%。</blockquote></p><p> China’s producer-price index showed a 12.9% increase in November from a year earlier, a decline from the previous month but still more than economists expected. Consumer prices also rose.</p><p><blockquote>11月份中国生产者价格指数同比上涨12.消费价格也有所上涨。</blockquote></p><p> “Factory gate prices only showed modest signs of slowing,” which may signal that higher inflation will remain in place in the coming months, said Michael Hewson, a chief markets analyst at CMC Markets. China’s producer prices drive consumer prices around the world, he added.</p><p><blockquote>CMC Markets首席市场分析师迈克尔·休森(Michael Hewson)表示,“出厂价格仅显示出温和放缓的迹象”,这可能表明未来几个月通胀将持续走高。他补充说,中国的生产者价格推动了世界各地的消费者价格。</blockquote></p><p> In Asia, major benchmarks were mixed. The Shanghai Composite Index advanced 1%, while Hong Kong’s Hang Seng Index climbed 1.1%. Japan’s Nikkei 225 slid 0.5%, boosted by gains in technology stocks.</p><p><blockquote>在亚洲,主要基准涨跌互现。上证综合指数上涨1%,恒生指数上涨1.1%。受科技股上涨提振,日本日经225指数下跌0.5%。</blockquote></p><p> In Europe, the pan-continental Stoxx Europe 600 ticked up 0.2%. Rolls Royce shares declined 4.4% after the company released an update that showed it had a long way to go before meeting its cash-flow target and which will depend on international travel being allowed, Mr. Hewson said.</p><p><blockquote>在欧洲,泛大陆斯托克欧洲600指数上涨0.2%。休森表示,劳斯莱斯发布更新后,该公司股价下跌4.4%,该公司距离实现现金流目标还有很长的路要走,这将取决于是否允许国际旅行。</blockquote></p><p> In the U.S., cloud-computing firmOracle, network company Broadcom and wholesaler Costco are set to report Thursday after market close. Popular meme stock GameStop declined 3.2% in off-hours trading after the company posted earnings that showed a widening loss last quarter.</p><p><blockquote>在美国,云计算公司甲骨文、网络公司博通和批发商好市多将于周四收盘后发布报告。热门模因股票游戏驿站在盘后交易中下跌3.2%,此前该公司公布的财报显示上季度亏损扩大。</blockquote></p><p> “Earnings have been strong overall, it’s a really positive underlying driver for equity markets,” said Kiran Ganesh, a multi-asset strategist at UBS Global Wealth Management.</p><p><blockquote>瑞银全球财富管理多资产策略师基兰·加内什(Kiran Ganesh)表示:“整体盈利强劲,这对股市来说是一个非常积极的潜在驱动因素。”</blockquote></p><p> Shares of Amazon.com declined 0.2% premarket after the Italian government fined it $1.3 billion for alleged abuse of market dominance. The European Union is also investigating the e-commerce giant in a similar antitrust case.</p><p><blockquote>亚马逊股价盘前下跌0.2%,此前意大利政府因涉嫌滥用市场支配地位对其处以13亿美元罚款。欧盟也在类似的反垄断案件中调查这家电子商务巨头。</blockquote></p><p> Fresh data on U.S. jobless claims, a proxy for layoffs, is set to go out at 8:30 a.m. ET. Economists are forecasting that the level will remain near pandemic lows. It has come close to the pre-pandemic average in recent weeks in a sign that the labor market is improving.</p><p><blockquote>代表裁员的美国初请失业金人数的最新数据将于美国东部时间上午8:30公布。经济学家预测,这一水平将保持在疫情低点附近。最近几周已接近大流行前的平均水平,表明劳动力市场正在改善。</blockquote></p><p> Oil prices wavered between small gains and losses. Global benchmark Brent crude declined 0.2% and traded at $75.61 a barrel. It has risen more than 8% this week, lifted by early indications that the Omicron variant may not weigh on energy demand as much as feared, according to analysts at ANZ.</p><p><blockquote>油价在小幅涨跌之间波动。全球基准布伦特原油下跌0.2%,至每桶75.61美元。澳新银行分析师表示,由于早期迹象表明奥密克戎变种可能不会像人们担心的那样对能源需求造成压力,本周该股已上涨超过8%。</blockquote></p><p> Bitcoin reversed direction after four days of gains, slipping 2% from its level at 5 p.m. Wednesday. It traded below $50,000, a 28% drop from its record high set in November.</p><p><blockquote>比特币在连续四天上涨后逆转方向,较下午5点的水平下跌2%。星期三。其交易价格低于50,000美元,较11月份创下的历史高点下跌了28%。</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. Stock Futures Wobble on Omicron Restrictions<blockquote>美国股指期货因奥密克戎限制而波动</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\">\nU.S. Stock Futures Wobble on Omicron Restrictions<blockquote>美国股指期货因奥密克戎限制而波动</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Wall Street Journal</strong><span class=\"h-time small\">2021-12-09 18:32</span>\n</p>\n</h4>\n</header>\n<article>\n<p>U.S. stock futures edged down as investors assessed the latest headlines on restrictions to limit the spread of the Omicron variant.</p><p><blockquote>由于投资者评估了有关限制奥密克戎变种传播的限制措施的最新头条新闻,美国股指期货小幅下跌。</blockquote></p><p> Futures tied to the S&P 500 retreated 0.3% Thursday, suggesting the broad-market index is set to pull back moderately after closing up 0.3% Wednesday. Dow Jones Industrial Average futures also slid 0.3% and Nasdaq-100 futures ticked down 0.2%.</p><p><blockquote>与标普500相关的期货周四下跌0.3%,表明大盘指数在周三收盘上涨0.3%后将小幅回调。道琼斯工业平均指数期货也下跌0.3%,纳斯达克100指数期货下跌0.2%。</blockquote></p><p> Stocks have swung in recent weeks, buffeted by conflicting headlines on the Omicron coronavirus variant and mixed signals on the health of the economy. Investors are still awaiting further data on the strain’s severity and vaccine efficacy. Some pharmaceutical companies including Pfizer and Glaxo Smith Kline have said this week that their shot and antibody treatment appears to work in early-stage studies.</p><p><blockquote>最近几周,受有关奥密克戎冠状病毒变种的相互矛盾的头条新闻和有关经济健康状况的混合信号的打击,股市出现波动。投资者仍在等待有关该毒株严重程度和疫苗效力的进一步数据。包括辉瑞和葛兰素史克在内的一些制药公司本周表示,他们的疫苗和抗体治疗在早期研究中似乎有效。</blockquote></p><p> European governments have moved to tighten restrictions, spurring concerns about setbacks to the economic recovery. U.K. Prime Minister Johnson outlined a new work-from-home mandate and mask guidelines on Wednesday evening. A study released by a Japanese scientist said the variant was four times more transmissible than the Delta strain.</p><p><blockquote>欧洲各国政府已采取行动收紧限制,引发人们对经济复苏受挫的担忧。英国首相约翰逊周三晚上概述了新的在家工作规定和口罩指南。日本科学家发布的一项研究称,该变种的传播力是德尔塔毒株的四倍。</blockquote></p><p> “There’s still a lot we don’t know, we’re waiting for details to emerge,” said Arun Sai, a multi-asset strategist at Pictet Asset Management. On restrictions, “as long as it’s temporary, it doesn’t completely derail the recovery. We now know the playbook. We’re talking about a one or two quarter postponement of a recovery in services, that’s the critical element that’s at risk here.”</p><p><blockquote>百达资产管理公司(Pictet Asset Management)多资产策略师阿伦·赛(Arun Sai)表示:“还有很多事情我们不知道,我们正在等待细节的出现。”关于限制,“只要是暂时的,就不会完全破坏复苏。我们现在知道了剧本。我们谈论的是服务业复苏推迟一两个季度,这是这里面临风险的关键因素。”</blockquote></p><p> The yield on the benchmark 10-year Treasury note edged down to 1.494% Thursday from 1.508% Wednesday.</p><p><blockquote>基准10年期国债收益率从周三的1.508%小幅降至周四的1.494%。</blockquote></p><p> China’s producer-price index showed a 12.9% increase in November from a year earlier, a decline from the previous month but still more than economists expected. Consumer prices also rose.</p><p><blockquote>11月份中国生产者价格指数同比上涨12.消费价格也有所上涨。</blockquote></p><p> “Factory gate prices only showed modest signs of slowing,” which may signal that higher inflation will remain in place in the coming months, said Michael Hewson, a chief markets analyst at CMC Markets. China’s producer prices drive consumer prices around the world, he added.</p><p><blockquote>CMC Markets首席市场分析师迈克尔·休森(Michael Hewson)表示,“出厂价格仅显示出温和放缓的迹象”,这可能表明未来几个月通胀将持续走高。他补充说,中国的生产者价格推动了世界各地的消费者价格。</blockquote></p><p> In Asia, major benchmarks were mixed. The Shanghai Composite Index advanced 1%, while Hong Kong’s Hang Seng Index climbed 1.1%. Japan’s Nikkei 225 slid 0.5%, boosted by gains in technology stocks.</p><p><blockquote>在亚洲,主要基准涨跌互现。上证综合指数上涨1%,恒生指数上涨1.1%。受科技股上涨提振,日本日经225指数下跌0.5%。</blockquote></p><p> In Europe, the pan-continental Stoxx Europe 600 ticked up 0.2%. Rolls Royce shares declined 4.4% after the company released an update that showed it had a long way to go before meeting its cash-flow target and which will depend on international travel being allowed, Mr. Hewson said.</p><p><blockquote>在欧洲,泛大陆斯托克欧洲600指数上涨0.2%。休森表示,劳斯莱斯发布更新后,该公司股价下跌4.4%,该公司距离实现现金流目标还有很长的路要走,这将取决于是否允许国际旅行。</blockquote></p><p> In the U.S., cloud-computing firmOracle, network company Broadcom and wholesaler Costco are set to report Thursday after market close. Popular meme stock GameStop declined 3.2% in off-hours trading after the company posted earnings that showed a widening loss last quarter.</p><p><blockquote>在美国,云计算公司甲骨文、网络公司博通和批发商好市多将于周四收盘后发布报告。热门模因股票游戏驿站在盘后交易中下跌3.2%,此前该公司公布的财报显示上季度亏损扩大。</blockquote></p><p> “Earnings have been strong overall, it’s a really positive underlying driver for equity markets,” said Kiran Ganesh, a multi-asset strategist at UBS Global Wealth Management.</p><p><blockquote>瑞银全球财富管理多资产策略师基兰·加内什(Kiran Ganesh)表示:“整体盈利强劲,这对股市来说是一个非常积极的潜在驱动因素。”</blockquote></p><p> Shares of Amazon.com declined 0.2% premarket after the Italian government fined it $1.3 billion for alleged abuse of market dominance. The European Union is also investigating the e-commerce giant in a similar antitrust case.</p><p><blockquote>亚马逊股价盘前下跌0.2%,此前意大利政府因涉嫌滥用市场支配地位对其处以13亿美元罚款。欧盟也在类似的反垄断案件中调查这家电子商务巨头。</blockquote></p><p> Fresh data on U.S. jobless claims, a proxy for layoffs, is set to go out at 8:30 a.m. ET. Economists are forecasting that the level will remain near pandemic lows. It has come close to the pre-pandemic average in recent weeks in a sign that the labor market is improving.</p><p><blockquote>代表裁员的美国初请失业金人数的最新数据将于美国东部时间上午8:30公布。经济学家预测,这一水平将保持在疫情低点附近。最近几周已接近大流行前的平均水平,表明劳动力市场正在改善。</blockquote></p><p> Oil prices wavered between small gains and losses. Global benchmark Brent crude declined 0.2% and traded at $75.61 a barrel. It has risen more than 8% this week, lifted by early indications that the Omicron variant may not weigh on energy demand as much as feared, according to analysts at ANZ.</p><p><blockquote>油价在小幅涨跌之间波动。全球基准布伦特原油下跌0.2%,至每桶75.61美元。澳新银行分析师表示,由于早期迹象表明奥密克戎变种可能不会像人们担心的那样对能源需求造成压力,本周该股已上涨超过8%。</blockquote></p><p> Bitcoin reversed direction after four days of gains, slipping 2% from its level at 5 p.m. Wednesday. It traded below $50,000, a 28% drop from its record high set in November.</p><p><blockquote>比特币在连续四天上涨后逆转方向,较下午5点的水平下跌2%。星期三。其交易价格低于50,000美元,较11月份创下的历史高点下跌了28%。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://www.wsj.com/articles/global-stock-markets-dow-update-12-09-2021-11639038586?mod=markets_lead_pos4\">Wall Street Journal</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.wsj.com/articles/global-stock-markets-dow-update-12-09-2021-11639038586?mod=markets_lead_pos4","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1192937541","content_text":"U.S. stock futures edged down as investors assessed the latest headlines on restrictions to limit the spread of the Omicron variant.\nFutures tied to the S&P 500 retreated 0.3% Thursday, suggesting the broad-market index is set to pull back moderately after closing up 0.3% Wednesday. Dow Jones Industrial Average futures also slid 0.3% and Nasdaq-100 futures ticked down 0.2%.\nStocks have swung in recent weeks, buffeted by conflicting headlines on the Omicron coronavirus variant and mixed signals on the health of the economy. Investors are still awaiting further data on the strain’s severity and vaccine efficacy. Some pharmaceutical companies including Pfizer and Glaxo Smith Kline have said this week that their shot and antibody treatment appears to work in early-stage studies.\nEuropean governments have moved to tighten restrictions, spurring concerns about setbacks to the economic recovery. U.K. Prime Minister Johnson outlined a new work-from-home mandate and mask guidelines on Wednesday evening. A study released by a Japanese scientist said the variant was four times more transmissible than the Delta strain.\n“There’s still a lot we don’t know, we’re waiting for details to emerge,” said Arun Sai, a multi-asset strategist at Pictet Asset Management. On restrictions, “as long as it’s temporary, it doesn’t completely derail the recovery. We now know the playbook. We’re talking about a one or two quarter postponement of a recovery in services, that’s the critical element that’s at risk here.”\nThe yield on the benchmark 10-year Treasury note edged down to 1.494% Thursday from 1.508% Wednesday.\nChina’s producer-price index showed a 12.9% increase in November from a year earlier, a decline from the previous month but still more than economists expected. Consumer prices also rose.\n“Factory gate prices only showed modest signs of slowing,” which may signal that higher inflation will remain in place in the coming months, said Michael Hewson, a chief markets analyst at CMC Markets. China’s producer prices drive consumer prices around the world, he added.\nIn Asia, major benchmarks were mixed. The Shanghai Composite Index advanced 1%, while Hong Kong’s Hang Seng Index climbed 1.1%. Japan’s Nikkei 225 slid 0.5%, boosted by gains in technology stocks.\nIn Europe, the pan-continental Stoxx Europe 600 ticked up 0.2%. Rolls Royce shares declined 4.4% after the company released an update that showed it had a long way to go before meeting its cash-flow target and which will depend on international travel being allowed, Mr. Hewson said.\nIn the U.S., cloud-computing firmOracle, network company Broadcom and wholesaler Costco are set to report Thursday after market close. Popular meme stock GameStop declined 3.2% in off-hours trading after the company posted earnings that showed a widening loss last quarter.\n“Earnings have been strong overall, it’s a really positive underlying driver for equity markets,” said Kiran Ganesh, a multi-asset strategist at UBS Global Wealth Management.\nShares of Amazon.com declined 0.2% premarket after the Italian government fined it $1.3 billion for alleged abuse of market dominance. The European Union is also investigating the e-commerce giant in a similar antitrust case.\nFresh data on U.S. jobless claims, a proxy for layoffs, is set to go out at 8:30 a.m. ET. Economists are forecasting that the level will remain near pandemic lows. It has come close to the pre-pandemic average in recent weeks in a sign that the labor market is improving.\nOil prices wavered between small gains and losses. Global benchmark Brent crude declined 0.2% and traded at $75.61 a barrel. It has risen more than 8% this week, lifted by early indications that the Omicron variant may not weigh on energy demand as much as feared, according to analysts at ANZ.\nBitcoin reversed direction after four days of gains, slipping 2% from its level at 5 p.m. Wednesday. It traded below $50,000, a 28% drop from its record high set in November.","news_type":1,"symbols_score_info":{".SPX":0.9,".DJI":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":727,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":606956247,"gmtCreate":1638827696999,"gmtModify":1638827698161,"author":{"id":"3561259559295872","authorId":"3561259559295872","name":"SquareGuy","avatar":"https://static.tigerbbs.com/c4aa86e9311a7ff0643a2e9f93645a8c","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3561259559295872","idStr":"3561259559295872"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TSLA\">$Tesla Motors(TSLA)$</a>dca Tesla before Elon announce any split! waiting for jackpot. If not now, the time will come again.","listText":"<a href=\"https://laohu8.com/S/TSLA\">$Tesla Motors(TSLA)$</a>dca Tesla before Elon announce any split! waiting for jackpot. If not now, the time will come again.","text":"$Tesla Motors(TSLA)$dca Tesla before Elon announce any split! waiting for jackpot. If not now, the time will come again.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/606956247","isVote":1,"tweetType":1,"viewCount":1722,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":606958861,"gmtCreate":1638827563376,"gmtModify":1638827564526,"author":{"id":"3561259559295872","authorId":"3561259559295872","name":"SquareGuy","avatar":"https://static.tigerbbs.com/c4aa86e9311a7ff0643a2e9f93645a8c","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3561259559295872","idStr":"3561259559295872"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/606958861","repostId":"606953557","repostType":1,"repost":{"id":606953557,"gmtCreate":1638827089178,"gmtModify":1638827089360,"author":{"id":"4087443573108990","authorId":"4087443573108990","name":"44680eb9","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087443573108990","idStr":"4087443573108990"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TSLA\">$Tesla Motors(TSLA)$</a>Hodl","listText":"<a href=\"https://laohu8.com/S/TSLA\">$Tesla Motors(TSLA)$</a>Hodl","text":"$Tesla Motors(TSLA)$Hodl","images":[{"img":"https://static.tigerbbs.com/f86a3d2669026110f2f84701cda1334f","width":"1080","height":"2528"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/606953557","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":872,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":608823477,"gmtCreate":1638685396497,"gmtModify":1638685397046,"author":{"id":"3561259559295872","authorId":"3561259559295872","name":"SquareGuy","avatar":"https://static.tigerbbs.com/c4aa86e9311a7ff0643a2e9f93645a8c","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3561259559295872","idStr":"3561259559295872"},"themes":[],"htmlText":"Boring stocks","listText":"Boring stocks","text":"Boring stocks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/608823477","repostId":"2188528084","repostType":4,"isVote":1,"tweetType":1,"viewCount":991,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":608829451,"gmtCreate":1638685241966,"gmtModify":1638685242534,"author":{"id":"3561259559295872","authorId":"3561259559295872","name":"SquareGuy","avatar":"https://static.tigerbbs.com/c4aa86e9311a7ff0643a2e9f93645a8c","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3561259559295872","idStr":"3561259559295872"},"themes":[],"htmlText":"Solid","listText":"Solid","text":"Solid","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/608829451","repostId":"2188291935","repostType":4,"isVote":1,"tweetType":1,"viewCount":1081,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":608010046,"gmtCreate":1638580312438,"gmtModify":1638580313025,"author":{"id":"3561259559295872","authorId":"3561259559295872","name":"SquareGuy","avatar":"https://static.tigerbbs.com/c4aa86e9311a7ff0643a2e9f93645a8c","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3561259559295872","idStr":"3561259559295872"},"themes":[],"htmlText":"Bought <a href=\"https://laohu8.com/S/AMD\">$AMD(AMD)$</a>","listText":"Bought <a href=\"https://laohu8.com/S/AMD\">$AMD(AMD)$</a>","text":"Bought $AMD(AMD)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/608010046","repostId":"1164103185","repostType":4,"repost":{"id":"1164103185","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":1638543422,"share":"https://www.laohu8.com/m/news/1164103185?lang=zh_CN&edition=full","pubTime":"2021-12-03 22:57","market":"us","language":"en","title":"Semiconductor stocks slid in morning trading<blockquote>半导体股早盘下跌</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1164103185","media":"Tiger Newspress","summary":"Semiconductor stocks slid in morning trading.Nvidia,TSMC,ASML and AMD fell about 2% while Marvell Te","content":"<p>Semiconductor stocks slid in morning trading.Nvidia,TSMC,ASML and AMD fell about 2% while Marvell Technology soared 17%.</p><p><blockquote>半导体股早盘下跌。英伟达、台积电、ASML和AMD下跌约2%,而Marvell Technology飙升17%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/e4d133b94a6a4da67cbdefb76522317d\" tg-width=\"405\" tg-height=\"302\" width=\"100%\" height=\"auto\"></p><p><blockquote></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>Semiconductor stocks slid in morning trading<blockquote>半导体股早盘下跌</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\">\nSemiconductor stocks slid in morning trading<blockquote>半导体股早盘下跌</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\">2021-12-03 22:57</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Semiconductor stocks slid in morning trading.Nvidia,TSMC,ASML and AMD fell about 2% while Marvell Technology soared 17%.</p><p><blockquote>半导体股早盘下跌。英伟达、台积电、ASML和AMD下跌约2%,而Marvell Technology飙升17%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/e4d133b94a6a4da67cbdefb76522317d\" tg-width=\"405\" tg-height=\"302\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NVDA":"英伟达"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1164103185","content_text":"Semiconductor stocks slid in morning trading.Nvidia,TSMC,ASML and AMD fell about 2% while Marvell Technology soared 17%.","news_type":1,"symbols_score_info":{"NVDA":0.9}},"isVote":1,"tweetType":1,"viewCount":877,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"hots":[{"id":807361641,"gmtCreate":1628001008083,"gmtModify":1631886379236,"author":{"id":"3561259559295872","authorId":"3561259559295872","name":"SquareGuy","avatar":"https://static.tigerbbs.com/c4aa86e9311a7ff0643a2e9f93645a8c","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3561259559295872","authorIdStr":"3561259559295872"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/JMIA\">$Jumia Technologies AG(JMIA)$</a>\"Jumia Technologies AG (NYSE: JMIA)Number of Hedge Fund Holders: 16Jumia Technologies AG (NYSE: JMIA) is an e-commerce platform operating in Africa, Portugal, Germany, and the UAE. The company’s platform includes a marketplace that connects buyers to sellers and also enables the shipment and delivery of packages. It ranks 12th on our list of the best stocks under $50.This May, Jumia Technologies AG (NYSE: JMIA) was reportedly still rising since the company’s reported losses in Q1 began to decrease, as operating losses fell by 23%, while adjusted EBITDA losses fell by 24%. Additionally, as of this June, the stock has gained about 4% after receiving attention on Reddit's WallStreetBets Forum. In the first quarter of 2021, J","listText":"<a href=\"https://laohu8.com/S/JMIA\">$Jumia Technologies AG(JMIA)$</a>\"Jumia Technologies AG (NYSE: JMIA)Number of Hedge Fund Holders: 16Jumia Technologies AG (NYSE: JMIA) is an e-commerce platform operating in Africa, Portugal, Germany, and the UAE. The company’s platform includes a marketplace that connects buyers to sellers and also enables the shipment and delivery of packages. It ranks 12th on our list of the best stocks under $50.This May, Jumia Technologies AG (NYSE: JMIA) was reportedly still rising since the company’s reported losses in Q1 began to decrease, as operating losses fell by 23%, while adjusted EBITDA losses fell by 24%. Additionally, as of this June, the stock has gained about 4% after receiving attention on Reddit's WallStreetBets Forum. In the first quarter of 2021, J","text":"$Jumia Technologies AG(JMIA)$\"Jumia Technologies AG (NYSE: JMIA)Number of Hedge Fund Holders: 16Jumia Technologies AG (NYSE: JMIA) is an e-commerce platform operating in Africa, Portugal, Germany, and the UAE. The company’s platform includes a marketplace that connects buyers to sellers and also enables the shipment and delivery of packages. It ranks 12th on our list of the best stocks under $50.This May, Jumia Technologies AG (NYSE: JMIA) was reportedly still rising since the company’s reported losses in Q1 began to decrease, as operating losses fell by 23%, while adjusted EBITDA losses fell by 24%. Additionally, as of this June, the stock has gained about 4% after receiving attention on Reddit's WallStreetBets Forum. In the first quarter of 2021, J","images":[],"top":1,"highlighted":2,"essential":2,"paper":1,"likeSize":56,"commentSize":18,"repostSize":1,"link":"https://laohu8.com/post/807361641","isVote":1,"tweetType":1,"viewCount":17558,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"9000000000000220","authorId":"9000000000000220","name":"沙漠追光大海逐风","avatar":"https://static.tigerbbs.com/e30b7f24ce0a6599dcdfa3567f958dea","crmLevel":1,"crmLevelSwitch":0,"idStr":"9000000000000220","authorIdStr":"9000000000000220"},"content":"你持有吗?还是准备买?我也准备买这个,什么时候买比较合适,有没有合适买点?","text":"你持有吗?还是准备买?我也准备买这个,什么时候买比较合适,有没有合适买点?","html":"你持有吗?还是准备买?我也准备买这个,什么时候买比较合适,有没有合适买点?"},{"author":{"id":"9000000000000224","authorId":"9000000000000224","name":"家有猛犬","avatar":"https://static.tigerbbs.com/67592890bebcf079461acc4e4e6ba6f6","crmLevel":1,"crmLevelSwitch":0,"idStr":"9000000000000224","authorIdStr":"9000000000000224"},"content":"请问博主,对于这支股你个人是什么样的操作,可否分享一下","text":"请问博主,对于这支股你个人是什么样的操作,可否分享一下","html":"请问博主,对于这支股你个人是什么样的操作,可否分享一下"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":133523560,"gmtCreate":1621771999050,"gmtModify":1631889372725,"author":{"id":"3561259559295872","authorId":"3561259559295872","name":"SquareGuy","avatar":"https://static.tigerbbs.com/c4aa86e9311a7ff0643a2e9f93645a8c","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3561259559295872","authorIdStr":"3561259559295872"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/ETHE\">$Grayscale Ethereum Trust(ETHE)$</a>anyone tracking this? How low will it go? Aiming to enter at 18. ","listText":"<a href=\"https://laohu8.com/S/ETHE\">$Grayscale Ethereum Trust(ETHE)$</a>anyone tracking this? How low will it go? Aiming to enter at 18. ","text":"$Grayscale Ethereum Trust(ETHE)$anyone tracking this? How low will it go? Aiming to enter at 18.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":9,"repostSize":0,"link":"https://laohu8.com/post/133523560","isVote":1,"tweetType":1,"viewCount":1237,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3523860859061773","authorId":"3523860859061773","name":"Jeremy上海","avatar":"https://static.tigerbbs.com/67ba76bcdafb301cf1f3d509057cf15d","crmLevel":2,"crmLevelSwitch":0,"idStr":"3523860859061773","authorIdStr":"3523860859061773"},"content":"你想多了,这个价格你就真进不了门了,连窗都关了","text":"你想多了,这个价格你就真进不了门了,连窗都关了","html":"你想多了,这个价格你就真进不了门了,连窗都关了"},{"author":{"id":"3569326303469745","authorId":"3569326303469745","name":"短剧老炮","avatar":"https://static.tigerbbs.com/7d2418c6127dc39342fa05d4d9b7c588","crmLevel":2,"crmLevelSwitch":0,"idStr":"3569326303469745","authorIdStr":"3569326303469745"},"content":"18对应以太坊价格1750","text":"18对应以太坊价格1750","html":"18对应以太坊价格1750"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":859166191,"gmtCreate":1634679721009,"gmtModify":1634679738361,"author":{"id":"3561259559295872","authorId":"3561259559295872","name":"SquareGuy","avatar":"https://static.tigerbbs.com/c4aa86e9311a7ff0643a2e9f93645a8c","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3561259559295872","authorIdStr":"3561259559295872"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TSLA\">$Tesla Motors(TSLA)$</a> Mini Tesla doing well ","listText":"<a href=\"https://laohu8.com/S/TSLA\">$Tesla Motors(TSLA)$</a> Mini Tesla doing well ","text":"$Tesla Motors(TSLA)$ Mini Tesla doing well","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":12,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/859166191","repostId":"1113211293","repostType":4,"isVote":1,"tweetType":1,"viewCount":586,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":344813011,"gmtCreate":1618395400733,"gmtModify":1631885579545,"author":{"id":"3561259559295872","authorId":"3561259559295872","name":"SquareGuy","avatar":"https://static.tigerbbs.com/c4aa86e9311a7ff0643a2e9f93645a8c","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3561259559295872","authorIdStr":"3561259559295872"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/ZOM\">$Zomedica Pharmaceuticals Corp.(ZOM)$</a>still forcing myself to believe in pet business ","listText":"<a href=\"https://laohu8.com/S/ZOM\">$Zomedica Pharmaceuticals Corp.(ZOM)$</a>still forcing myself to believe in pet business ","text":"$Zomedica Pharmaceuticals Corp.(ZOM)$still forcing myself to believe in pet business","images":[{"img":"https://static.tigerbbs.com/1e5ef18a98546756517fb99e6a25e871","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":6,"repostSize":0,"link":"https://laohu8.com/post/344813011","isVote":1,"tweetType":1,"viewCount":1376,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":338099195,"gmtCreate":1609772789717,"gmtModify":1703740412669,"author":{"id":"3561259559295872","authorId":"3561259559295872","name":"SquareGuy","avatar":"https://static.tigerbbs.com/c4aa86e9311a7ff0643a2e9f93645a8c","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3561259559295872","authorIdStr":"3561259559295872"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/NIO\">$NIO Inc.(NIO)$</a>news at Chinese blog that nio website crash as new tesla model selling cheaper, and nio buyers cancelling buy orders. Any one heard anything ? ","listText":"<a href=\"https://laohu8.com/S/NIO\">$NIO Inc.(NIO)$</a>news at Chinese blog that nio website crash as new tesla model selling cheaper, and nio buyers cancelling buy orders. Any one heard anything ? ","text":"$NIO Inc.(NIO)$news at Chinese blog that nio website crash as new tesla model selling cheaper, and nio buyers cancelling buy orders. Any one heard anything ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":10,"repostSize":0,"link":"https://laohu8.com/post/338099195","isVote":1,"tweetType":1,"viewCount":2360,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3499974081446708","authorId":"3499974081446708","name":"大卫的蔚来市值万亿","avatar":"https://static.tigerbbs.com/d8e7668d951c59b2b317a87a3564080c","crmLevel":5,"crmLevelSwitch":0,"idStr":"3499974081446708","authorIdStr":"3499974081446708"},"content":"NIO is selling its cars on app not website. That's a rumor definitely. And the NIO' co-founder also said the order is pretty stable. So, don't worry about the sales volume.","text":"NIO is selling its cars on app not website. That's a rumor definitely. And the NIO' co-founder also said the order is pretty stable. So, don't worry about the sales volume.","html":"NIO is selling its cars on app not website. That's a rumor definitely. And the NIO' co-founder also said the order is pretty stable. So, don't worry about the sales volume."}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":850272658,"gmtCreate":1634605540633,"gmtModify":1634605542713,"author":{"id":"3561259559295872","authorId":"3561259559295872","name":"SquareGuy","avatar":"https://static.tigerbbs.com/c4aa86e9311a7ff0643a2e9f93645a8c","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3561259559295872","authorIdStr":"3561259559295872"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/BB\">$BlackBerry(BB)$</a>\"19 of the top 25 electric vehicle OEMs (original equipment manufacturer) use BlackBerry's QNX operating system design. Together, they account for 61% of the EV market.\"Stay strong and wait it out!!!","listText":"<a href=\"https://laohu8.com/S/BB\">$BlackBerry(BB)$</a>\"19 of the top 25 electric vehicle OEMs (original equipment manufacturer) use BlackBerry's QNX operating system design. Together, they account for 61% of the EV market.\"Stay strong and wait it out!!!","text":"$BlackBerry(BB)$\"19 of the top 25 electric vehicle OEMs (original equipment manufacturer) use BlackBerry's QNX operating system design. Together, they account for 61% of the EV market.\"Stay strong and wait it out!!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":5,"repostSize":0,"link":"https://laohu8.com/post/850272658","isVote":1,"tweetType":1,"viewCount":1154,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"9000000000000192","authorId":"9000000000000192","name":"JackJackson","avatar":"https://static.tigerbbs.com/fa6573a1b694657945755b8b1d9f4828","crmLevel":1,"crmLevelSwitch":0,"idStr":"9000000000000192","authorIdStr":"9000000000000192"},"content":"sources within BB saying the buyer who negotiate the patent deal got offended hearing JC on his last conference call aiming to drew a line , they now asked to renegotiate on final deal price and open the door for BB to invite others , it seems JF point a gun with No bullets , will see","text":"sources within BB saying the buyer who negotiate the patent deal got offended hearing JC on his last conference call aiming to drew a line , they now asked to renegotiate on final deal price and open the door for BB to invite others , it seems JF point a gun with No bullets , will see","html":"sources within BB saying the buyer who negotiate the patent deal got offended hearing JC on his last conference call aiming to drew a line , they now asked to renegotiate on final deal price and open the door for BB to invite others , it seems JF point a gun with No bullets , will see"},{"author":{"id":"9000000000000194","authorId":"9000000000000194","name":"SteveWatson","avatar":"https://static.tigerbbs.com/8f7899e9cc30521ec298ab66f128bb05","crmLevel":1,"crmLevelSwitch":0,"idStr":"9000000000000194","authorIdStr":"9000000000000194"},"content":"only if JC would practice his negotiation before buying Sylance the way the buyer do with BB patent we might still have $1.4 B in cash , if you looking for clown please do not hesitate to call BB","text":"only if JC would practice his negotiation before buying Sylance the way the buyer do with BB patent we might still have $1.4 B in cash , if you looking for clown please do not hesitate to call BB","html":"only if JC would practice his negotiation before buying Sylance the way the buyer do with BB patent we might still have $1.4 B in cash , if you looking for clown please do not hesitate to call BB"}],"imageCount":0,"langContent":"CN","totalScore":0},{"id":177397199,"gmtCreate":1627179598811,"gmtModify":1633767431413,"author":{"id":"3561259559295872","authorId":"3561259559295872","name":"SquareGuy","avatar":"https://static.tigerbbs.com/c4aa86e9311a7ff0643a2e9f93645a8c","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3561259559295872","authorIdStr":"3561259559295872"},"themes":[],"htmlText":"${{1beb661cc09b4c2aa0222065cd8a7e1c}}thought choice is clear with more gigafactories and more scalability even in China. Don't think China will pemalise Tesla too unfaily to benefit Nio. Holing Tesla 100:1 over Nio.","listText":"${{1beb661cc09b4c2aa0222065cd8a7e1c}}thought choice is clear with more gigafactories and more scalability even in China. Don't think China will pemalise Tesla too unfaily to benefit Nio. Holing Tesla 100:1 over Nio.","text":"${{1beb661cc09b4c2aa0222065cd8a7e1c}}thought choice is clear with more gigafactories and more scalability even in China. Don't think China will pemalise Tesla too unfaily to benefit Nio. Holing Tesla 100:1 over Nio.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":11,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/177397199","repostId":"1112927800","repostType":4,"repost":{"id":"1112927800","kind":"news","pubTimestamp":1627089375,"share":"https://www.laohu8.com/m/news/1112927800?lang=zh_CN&edition=full","pubTime":"2021-07-24 09:16","market":"us","language":"en","title":"Will NIO Stock Follow Tesla's Footsteps? What To Consider Between These Two EV Stocks<blockquote>蔚来股票会追随特斯拉的脚步吗?这两只电动汽车股票之间需要考虑什么</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1112927800","media":"seekingalpha","summary":"Let's take a look at how NIO compares to Tesla today, NIO's unique selling points, and the similarities between the two companies.NIO is a high-growth choice that does not seem overly expensive relative to how Tesla is valued.NIO is not a low-risk stock, however, and it may not be a good choice for everyone. Investors should also consider NIO's valuation versus legacy car companies.Both companies have benefitted from growing interest in EVs during 2020, a trend that saw share prices of most EV p","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul> <li>Let's take a look at how NIO compares to Tesla today, NIO's unique selling points, and the similarities between the two companies.</li> <li>NIO is a high-growth choice that does not seem overly expensive relative to how Tesla is valued.</li> <li>NIO is not a low-risk stock, however, and it may not be a good choice for everyone. Investors should also consider NIO's valuation versus legacy car companies.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2f749c70c8a2af3e18d5f6cecc72bfbb\" tg-width=\"1536\" tg-height=\"704\" referrerpolicy=\"no-referrer\"><span>ipopba/iStock via Getty Images</span></p><p><blockquote><ul><li>让我们来看看今天的蔚来与特斯拉相比如何,蔚来的独特卖点,以及两家公司的相似之处。</li><li>蔚来是一个高增长的选择,相对于特斯拉的估值,它似乎并不太昂贵。</li><li>然而,蔚来并不是一只低风险股票,它可能并不是每个人的好选择。投资者还应该考虑蔚来与传统汽车公司的估值。</li></ul><p class=\"t-img-caption\"><span>ipopba/iStock来自Getty Images</span></p></blockquote></p><p> <b>Article Thesis</b></p><p><blockquote><b>文章论文</b></blockquote></p><p> NIO, Inc. (NIO) is one of China's leading EV players, and has, through an attractive brand and its unique BaaS offering, attracted a lot of interest from consumers and investors. Today, however, the company is still way smaller than Tesla (TSLA), which is currently leading the global EV market. NIO is focused on its home market right now, which was true when Tesla was a smaller company as well, but NIO will try to grab market share in overseas markets as well. Shares are pricing in a lot of growth already, but if NIO can replicate Tesla's success, that could be more than justified.</p><p><blockquote>蔚来公司(蔚来)是中国领先的电动汽车制造商之一,通过其有吸引力的品牌和独特的BaaS产品吸引了消费者和投资者的极大兴趣。然而,如今,该公司仍然比目前引领全球电动汽车市场的特斯拉(TSLA)小得多。蔚来目前专注于国内市场,当特斯拉还是一家较小的公司时也是如此,但蔚来也将试图在海外市场抢占市场份额。股价已经反映了很大的增长,但如果蔚来能够复制特斯拉的成功,这可能是非常合理的。</blockquote></p><p> <b>NIO And TSLA Stock Prices</b></p><p><blockquote><b>蔚来和特斯拉股价</b></blockquote></p><p> Both companies have benefitted from growing interest in EVs during 2020, a trend that saw share prices of most EV pureplays rise rapidly. The combination of growing market share for EVs, accommodating policies such as subsidies for EV purchases, and massive monetary stimulus let shares of NIO and TSLA rise rapidly. NIO is up 245% over the last year, while TSLA is up 101% over the same time. Both companies are currently trading below their all-time highs, however, which were hit in early 2021 before market sentiment for EV pureplays cooled to some degree.</p><p><blockquote>2020年,两家公司都受益于人们对电动汽车日益增长的兴趣,这一趋势导致大多数纯电动汽车公司的股价迅速上涨。电动汽车市场份额不断增长、电动汽车购买补贴等宽松政策以及大规模货币刺激措施相结合,让蔚来和特斯拉的股价迅速上涨。蔚来去年上涨了245%,而特斯拉同期上涨了101%。然而,两家公司目前的交易价格均低于2021年初创下的历史高点,随后纯电动汽车的市场情绪在一定程度上降温。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5ff5ce865807df85283775d2293b41af\" tg-width=\"635\" tg-height=\"481\" referrerpolicy=\"no-referrer\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> Taking a quick look at analyst price targets, we see that Tesla is trading almost perfectly in line with the consensus, whereas NIO trades about 30% below the analyst target. If the analyst community is right, then NIO is a substantially better investment right here, as Tesla is not expected to see its shares rise meaningfully over the next year, whereas NIO has significant upside to the analyst price target.</p><p><blockquote>快速浏览一下分析师的目标价,我们发现特斯拉的交易价格几乎完全符合共识,而蔚来的交易价格比分析师目标低约30%。如果分析师界是正确的,那么蔚来是一项更好的投资,因为预计特斯拉的股价明年不会大幅上涨,而蔚来的股价较分析师目标价有显着上涨空间。</blockquote></p><p> <b>Is NIO Similar To Tesla?</b></p><p><blockquote><b>蔚来和特斯拉相似吗?</b></blockquote></p><p> The answer to that question depends on what you focus on. There are similarities between the two companies, but there are also differences. One could thus say that, in some ways, the two are similar, but in others, they are not. Let's look at a couple of things:</p><p><blockquote>这个问题的答案取决于你关注的是什么。两家公司有相似之处,但也有不同之处。因此,人们可以说,在某些方面,两者是相似的,但在另一些方面,它们不是。让我们看几件事:</blockquote></p><p> <b>Business Model</b></p><p><blockquote><b>商业模式</b></blockquote></p><p> Both companies are focused on the EV space, although Tesla has, over the years, been building out a couple of other businesses as well, such as energy storage. Most of Tesla's revenues are generated through selling electric vehicles, which is also how NIO operates. Both companies are focused on the premium segment of EVs, selling higher-priced vehicles that compete with brands such as BMW, Mercedes, and Lexus. Both companies offer a small range of different vehicles, in Tesla's case those are the well-known S, X, 3, and Y, whereas NIO offers a sedan (ET7), and three SUVs (EC6, ES6, ES8). Despite the fact that NIO is a way smaller company today, the model lineups of the two companies do thus not differ too much.</p><p><blockquote>两家公司都专注于电动汽车领域,尽管特斯拉多年来也在发展其他一些业务,例如储能。特斯拉的大部分收入来自销售电动汽车,这也是蔚来的运营方式。两家公司都专注于电动汽车的高端市场,销售与宝马、梅赛德斯和雷克萨斯等品牌竞争的高价汽车。两家公司都提供少量不同的车辆,特斯拉是著名的S、X、3和Y,而蔚来则提供一款轿车(ET7)和三款SUV(EC6、ES6、ES8)。尽管蔚来如今是一家规模较小的公司,但两家公司的车型阵容并没有太大差异。</blockquote></p><p> Both companies offer some type of charging infrastructure to their customers, in Tesla's case, that's the Supercharger network, where Tesla owners can charge their cars with up to 250kW, depending on what version of Supercharger is installed. NIO is following a different approach, offering a battery-as-a-service solution to its customers. NIO owners can get their battery switched out to a fully-charged battery at NIO's stations, a process that takes a couple of minutes and is thus significantly quicker compared to the regular EV charging offered by Tesla and other EV players. BaaS thus has advantages when it comes to the time it takes for a charge/swap, but it should be noted that Tesla's Superchargers are way more common around the world compared to NIO's battery-swapping stations. Rolling out that feature in additional markets will require large capital expenditures, but NIO's offering is a unique selling point compared to what all other EV players, including Tesla, are offering. It remains to be seen whether that will ultimately pay off, but this could become a major advantage for NIO as competition in the EV space is heating up.</p><p><blockquote>两家公司都向客户提供某种类型的充电基础设施,就特斯拉而言,这就是Supercharger网络,特斯拉车主可以根据安装的Supercharger版本为汽车充电高达250kW。蔚来正在采取不同的方法,为客户提供电池即服务解决方案。蔚来车主可以在蔚来的充电站将电池更换为充满电的电池,这一过程需要几分钟,因此与特斯拉和其他电动汽车厂商提供的常规电动汽车充电相比要快得多。因此,BaaS在充电/交换所需时间方面具有优势,但应该指出的是,与蔚来的电池交换站相比,特斯拉的超级充电站在世界各地更为常见。在其他市场推出该功能将需要大量资本支出,但与包括特斯拉在内的所有其他电动汽车厂商相比,蔚来的产品是一个独特的卖点。这最终是否会得到回报还有待观察,但随着电动汽车领域的竞争加剧,这可能成为蔚来的一大优势。</blockquote></p><p> <b>Size, growth, and valuation</b></p><p><blockquote><b>规模、增长和估值</b></blockquote></p><p></p><p> The two companies differ significantly in size, both when it comes to revenues and vehicle sales, as well as when it comes to the market value of the two companies. NIO has delivered22,000 vehicles in Q2, up 112% year over year, for an annual pace of around 90,000 vehicles. Tesla, meanwhile, has delivered 201,000 vehicles during Q2, up from 103,000 vehicles delivered during Q2 2020. This is strong growth on a year-over-year basis, although slightly below 100%, and thus below the growth rate that NIO is generating for now.</p><p><blockquote>这两家公司的规模差异很大,无论是在收入和汽车销量方面,还是在两家公司的市值方面。蔚来第二季度交付了22,000辆汽车,同比增长112%,年增长率约为90,000辆。与此同时,特斯拉在第二季度交付了201,000辆汽车,高于2020年第二季度的103,000辆汽车。这是一个强劲的同比增长,尽管略低于100%,因此低于蔚来目前的增长率。</blockquote></p><p> Tesla delivers around 9x as many vehicles compared to NIO per quarter, when we look at the market capitalizations of the two companies, we see that the ratio is almost exactly the same, as Tesla's market cap of $640 billion is ~9x as high as that of NIO, at $72 billion. At similar growth rates, that would make perfect sense, but it looks like NIO might be the better deal for now, as it trades at a comparable valuation while generating better growth. This will be especially true in the coming quarters, where Tesla's growth is expected to slow down:</p><p><blockquote>与蔚来相比,特斯拉每季度交付的汽车数量约为9倍,当我们查看两家公司的市值时,我们发现这一比例几乎完全相同,因为特斯拉6400亿美元的市值约为9倍。蔚来的市值为720亿美元。在类似的增长率下,这是完全有道理的,但目前看来蔚来可能是更好的交易,因为它的估值相当,同时产生更好的增长。在未来几个季度尤其如此,预计特斯拉的增长将放缓:</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a986ea65130206f99961a46ce6cfed55\" tg-width=\"635\" tg-height=\"515\" referrerpolicy=\"no-referrer\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> Tesla is forecasted to grow its revenue from $49 billion in 2021 to $83 billion in 2023, for an annual growth rate of 30%. NIO, meanwhile, is expected to see its revenue explode upwards from $5.4 billion to $12.8 billion between 2021 and 2023, for an annual growth rate of 54%. NIO is thus expected to grow way faster than Tesla over the next two years, on a relative basis. This shouldn't be a surprise, to be honest, as the law of large numbers dictates that maintaining massive growth rates becomes increasingly hard for a company the bigger it gets, and Tesla seems to have hit that point by now -- adding 50%+ a year to its top line will not be possible forever. This isn't even necessarily Tesla's fault, in fact, many high-quality growth companies have experienced the same. But investors should still consider this important fact -- Tesla's growth in coming years will be less exciting compared to what we have seen in the past, and peers, such as NIO, are growing faster.</p><p><blockquote>特斯拉的收入预计将从2021年的490亿美元增长到2023年的830亿美元,年增长率为30%。与此同时,蔚来的收入预计将在2021年至2023年间从54亿美元猛增至128亿美元,年增长率为54%。因此,相对而言,预计未来两年蔚来的增长速度将远远快于特斯拉。老实说,这并不奇怪,因为大数定律表明,对于一家规模越大的公司来说,保持大幅增长率就变得越来越困难,而特斯拉现在似乎已经达到了这一点——每年增加50%以上的收入将永远不可能。这甚至不一定是特斯拉的错,事实上,许多优质成长型公司都经历过同样的事情。但投资者仍应考虑这一重要事实——与我们过去看到的相比,特斯拉未来几年的增长将不那么令人兴奋,而蔚来等同行的增长速度更快。</blockquote></p><p> The same holds true when we take a longer-term view. Revenue estimates for 2025 rest at$22.6 billionfor NIO, up another 80% from the 2023 estimate, and up 320% from what analysts are forecasting for 2021. Tesla, meanwhile, is forecasted to generate revenues of $122.5 billion in 2025 -- a large number, but up by a comparatively weak 48% from 2023, and up by a total of 150% versus 2021. Between 2021 and 2025, NIO will thus 4x its revenue, while Tesla will 2.5x its revenue in the same time span -- a meaningful difference that should, all else equal, allow for a premium valuation for NIO, in the same way Tesla deserves a premium valuation versus legacy players such as Volkswagen (OTCPK:VWAGY).</p><p><blockquote>当我们从长远来看时,情况也是如此。蔚来2025年的收入预期为226亿美元,比2023年的预期再增长80%,比分析师对2021年的预测增长320%。与此同时,特斯拉预计2025年的收入将达到1,225亿美元,这是一个很大的数字,但比2023年增长了48%,比2021年总共增长了150%。因此,在2021年至2025年间,蔚来的收入将增加4倍,而特斯拉的收入将在同一时期增加2.5倍——在其他条件相同的情况下,这是一个有意义的差异,应该允许蔚来获得溢价估值,就像特斯拉一样。与大众汽车(OTCPK:VWAGY)等传统企业相比,它值得获得溢价估值。</blockquote></p><p> Looking at revenue estimates for 2025 relative to how the two companies are valued today, we see that NIO trades at 3.2x 2025 sales, while the 2025 sales multiple for Tesla is 5.2. For a long-term oriented investor, NIO thus seems like the better value today, thanks to the fact that it is trading at a significantly lower sales multiple when we take a look into the future. This does not necessarily mean that NIO is cheap, however, as even a 3.2x 2025 sales multiple is relatively high compared to how legacy auto companies are valued. NIO is looking less expensive than Tesla, however, even if its shares are not cheap on an absolute basis.</p><p><blockquote>相对于两家公司目前的估值来看2025年的收入预期,我们发现蔚来的市盈率为2025年销售额的3.2倍,而特斯拉2025年的销售额倍数为5.2倍。因此,对于长期投资者来说,蔚来今天似乎更有价值,因为当我们展望未来时,它的销售倍数要低得多。然而,这并不一定意味着蔚来很便宜,因为与传统汽车公司的估值相比,即使2025年3.2倍的销售倍数也相对较高。然而,蔚来看起来比特斯拉便宜,尽管其股价绝对并不便宜。</blockquote></p><p> <b>Can NIO Be Worth As Much As Tesla?</b></p><p><blockquote><b>蔚来能和特斯拉一样值钱吗?</b></blockquote></p><p> The answer to that depends on what time frame you are looking at. Today, NIO is significantly smaller than Tesla and thus rightfully trades at a way smaller market cap. It should also be noted that there is no guarantee that Tesla's shares are a great example of how an EV company should be valued -- it is, at least, possible that its shares are significantly overpriced today, I personally believe that as well (Note that some will argue that shares are underpriced, which is also among the possibilities, although I do not hold that belief personally).</p><p><blockquote>这个问题的答案取决于你所关注的时间框架。如今,蔚来的规模明显小于特斯拉,因此其市值也相应地小得多。还应该指出的是,不能保证特斯拉的股票是电动汽车公司应该如何估值的一个很好的例子——至少,它的股票今天有可能被严重高估,我个人也相信这一点(请注意,有些人会认为股票定价过低,这也是一种可能性,尽管我个人并不持有这种信念)。</blockquote></p><p></p><p> When we do, for a moment, assume that Tesla is correctly valued today and that EV companies do deserve a market cap in the $600 billion range when they sell about 800,000 vehicles a year, then NIO could eventually hit that as well, although not in the near term. NIO will sell about 90,000 vehicles this year, and that amount should grow to about 400,000 in 2025. If NIO were to grow its sales by 15% a year beyond that point, it could sell around 800,000 cars in 2030, or 9 years from now. If one wants to assume faster growth, the 800,000 vehicles a year line could also be crossed before 2030, e.g. in 2028 or 2029. If we do go with 2030 for now, then NIO could, at a similar deliveries-to-market capitalization ratio to Tesla, be valued at $600+ billion in 2030. In other words, NIO could be worth as much as Tesla (today) in nine years, when we assume that current growth projections are realistic and that a Tesla-like valuation is appropriate. Those are two major ifs, of course, and especially the second point is far from certain, I believe. I personally would not be too surprised to see Tesla's valuation compress, and thus NIO could trade well below the $600 billion market cap level in 2030, even if it continues to grow meaningfully. It is also possible that NIO's growth disappoints and that current projections are too bullish, although I think that NIO is well-positioned for growth thanks to its unique BaaS model and its strong brand that is especially well-recognized in its home market.</p><p><blockquote>当我们暂时假设特斯拉今天的估值是正确的,并且电动汽车公司每年销售约80万辆汽车时确实应该获得6000亿美元的市值时,那么蔚来最终也可能达到这一目标,尽管不是在短期内。蔚来今年将销售约9万辆汽车,2025年这一数字将增长至约40万辆。如果蔚来的销量在此之后每年增长15%,那么到2030年(即9年后),它可能会售出约80万辆汽车。如果想要更快的增长,也可以在2030年之前跨越每年80万辆汽车的界限,例如2028年或2029年。如果我们现在确实选择2030年,那么按照与特斯拉类似的交付量与市值比率,蔚来到2030年的估值可能会超过6000亿美元。换句话说,如果我们假设当前的增长预测是现实的,并且类似特斯拉的估值是合适的,那么九年后蔚来的价值可能会与特斯拉(今天)一样高。当然,这是两个主要的如果,尤其是第二点,我认为还远未确定。我个人不会对特斯拉的估值压缩感到太惊讶,因此蔚来的市值在2030年可能远低于6000亿美元的水平,即使它继续大幅增长。蔚来的增长也有可能令人失望,目前的预测过于乐观,尽管我认为蔚来凭借其独特的BaaS模式和在国内市场特别受认可的强大品牌,处于良好的增长地位。</blockquote></p><p> It should also be noted that Tesla's market cap in 2030 could be very different from $600 billion, thus even in case NIO hits that level, it is not at all guaranteed that the two companies will have a similar market cap. Tesla might be valued at a way higher valuation by then, e.g. if the ARK model is right (something I personally think is unlikely). To answer the above question, one could thus say that NIO might be worth hundreds of billions of dollars, like Tesla, in 8-10 years, but that is not at all guaranteed. And even if that were to happen, Tesla might be worth significantly more by then.</p><p><blockquote>还应该指出的是,特斯拉2030年的市值可能与6000亿美元有很大不同,因此即使蔚来达到这一水平,也不能保证两家公司的市值会相似。到那时,特斯拉的估值可能会高得多,例如如果方舟模型是正确的(我个人认为不太可能)。为了回答上述问题,人们可以说,蔚来可能在8-10年内像特斯拉一样价值数千亿美元,但这根本不能保证。即使这种情况发生,到那时特斯拉的价值也可能会高得多。</blockquote></p><p> <b>Is NIO A Good Stock To Buy Or Sell Now?</b></p><p><blockquote><b>蔚来现在是买入或卖出的好股票吗?</b></blockquote></p><p> When considering NIO as an investment, it doesn't really matter all that much whether it will become as large or highly valued as Tesla eventually. Instead, investors should ask themselves what total returns they can expect over the next couple of years, and whether those expected returns are high enough relative to the risks in NIO's business model. Regarding those risks, one should mention the fact that the company isn't profitable yet, which means that NIO is dependent on cash on its balance sheet for growth investments. On top of that, competition in the EV space is growing, and market share battles could pressure margins in coming years, although NIO seems relatively well-positioned thanks to its battery-swapping, which is, I believe, a strong USP. Last but not least, the company's dependence on its home market China is a potential risk that should be kept in mind, although it should also be noted that, for now, it seems like the Chinese government is very accommodating to Chinese EV companies.</p><p><blockquote>当将蔚来视为一项投资时,它最终是否会变得像特斯拉一样庞大或估值很高并不重要。相反,投资者应该问自己,未来几年他们可以预期的总回报是多少,以及相对于蔚来商业模式的风险,这些预期回报是否足够高。关于这些风险,应该提到的事实是,该公司尚未盈利,这意味着蔚来依赖其资产负债表上的现金进行增长投资。最重要的是,电动汽车领域的竞争正在加剧,市场份额之争可能会在未来几年给利润率带来压力,尽管蔚来似乎由于其电池交换而处于相对有利的地位,我认为这是一个强大的USP。最后但并非最不重要的是,该公司对中国本土市场的依赖是一个应该牢记的潜在风险,尽管还应该指出的是,目前中国政府似乎对中国电动汽车公司非常包容。</blockquote></p><p> One could argue that valuations across the whole EV industry are too high, relative to how legacy auto companies are valued. Even those legacy players with attractive EV offerings such as Volkswagen or Ford trade at huge discounts compared to EV pureplays. But if one wants to invest in an EV pureplay, NIO doesn't seem like a bad choice. The company combines a strong brand, a unique BaaS offering, high growth rates, and shares trade at a discount compared to how the EV king Tesla is valued. At a little above 3x 2025 revenue, NIO does not seem overly expensive relative to other EV pureplays, although this still represents a premium versus legacy players, of course. If NIO manages to execute well and continues to roll out new models that are well-received by consumers, its shares could have significant upside potential in the long run. If EV stocks ever become an out-of-favor investment, NIO stock also could have considerable downside, however, this thus is not a low-risk pick. Depending on your risk tolerance, NIO could still be of value if you want a high-growth EV pureplay.</p><p><blockquote>有人可能会说,相对于传统汽车公司的估值,整个电动汽车行业的估值过高。与纯电动汽车相比,即使是大众汽车或福特等拥有有吸引力的电动汽车产品的传统企业,其交易也有巨大的折扣。但如果你想投资纯电动汽车,蔚来似乎是一个不错的选择。该公司结合了强大的品牌、独特的BaaS产品、高增长率,并且与电动汽车之王特斯拉的估值相比,股票交易价格有折扣。与其他纯电动汽车公司相比,蔚来2025年收入略高于3倍,似乎并不算太贵,当然,与传统公司相比,这仍然代表着溢价。如果蔚来能够表现良好并继续推出深受消费者欢迎的新车型,从长远来看,其股价可能具有巨大的上涨潜力。如果电动汽车股票成为不受欢迎的投资,蔚来股票也可能有相当大的下跌空间,然而,这并不是一个低风险的选择。根据您的风险承受能力,如果您想要高增长的纯电动汽车,蔚来仍然可能具有价值。</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>Will NIO Stock Follow Tesla's Footsteps? What To Consider Between These Two EV Stocks<blockquote>蔚来股票会追随特斯拉的脚步吗?这两只电动汽车股票之间需要考虑什么</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\">\nWill NIO Stock Follow Tesla's Footsteps? What To Consider Between These Two EV Stocks<blockquote>蔚来股票会追随特斯拉的脚步吗?这两只电动汽车股票之间需要考虑什么</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">seekingalpha</strong><span class=\"h-time small\">2021-07-24 09:16</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>Let's take a look at how NIO compares to Tesla today, NIO's unique selling points, and the similarities between the two companies.</li> <li>NIO is a high-growth choice that does not seem overly expensive relative to how Tesla is valued.</li> <li>NIO is not a low-risk stock, however, and it may not be a good choice for everyone. Investors should also consider NIO's valuation versus legacy car companies.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2f749c70c8a2af3e18d5f6cecc72bfbb\" tg-width=\"1536\" tg-height=\"704\" referrerpolicy=\"no-referrer\"><span>ipopba/iStock via Getty Images</span></p><p><blockquote><ul><li>让我们来看看今天的蔚来与特斯拉相比如何,蔚来的独特卖点,以及两家公司的相似之处。</li><li>蔚来是一个高增长的选择,相对于特斯拉的估值,它似乎并不太昂贵。</li><li>然而,蔚来并不是一只低风险股票,它可能并不是每个人的好选择。投资者还应该考虑蔚来与传统汽车公司的估值。</li></ul><p class=\"t-img-caption\"><span>ipopba/iStock来自Getty Images</span></p></blockquote></p><p> <b>Article Thesis</b></p><p><blockquote><b>文章论文</b></blockquote></p><p> NIO, Inc. (NIO) is one of China's leading EV players, and has, through an attractive brand and its unique BaaS offering, attracted a lot of interest from consumers and investors. Today, however, the company is still way smaller than Tesla (TSLA), which is currently leading the global EV market. NIO is focused on its home market right now, which was true when Tesla was a smaller company as well, but NIO will try to grab market share in overseas markets as well. Shares are pricing in a lot of growth already, but if NIO can replicate Tesla's success, that could be more than justified.</p><p><blockquote>蔚来公司(蔚来)是中国领先的电动汽车制造商之一,通过其有吸引力的品牌和独特的BaaS产品吸引了消费者和投资者的极大兴趣。然而,如今,该公司仍然比目前引领全球电动汽车市场的特斯拉(TSLA)小得多。蔚来目前专注于国内市场,当特斯拉还是一家较小的公司时也是如此,但蔚来也将试图在海外市场抢占市场份额。股价已经反映了很大的增长,但如果蔚来能够复制特斯拉的成功,这可能是非常合理的。</blockquote></p><p> <b>NIO And TSLA Stock Prices</b></p><p><blockquote><b>蔚来和特斯拉股价</b></blockquote></p><p> Both companies have benefitted from growing interest in EVs during 2020, a trend that saw share prices of most EV pureplays rise rapidly. The combination of growing market share for EVs, accommodating policies such as subsidies for EV purchases, and massive monetary stimulus let shares of NIO and TSLA rise rapidly. NIO is up 245% over the last year, while TSLA is up 101% over the same time. Both companies are currently trading below their all-time highs, however, which were hit in early 2021 before market sentiment for EV pureplays cooled to some degree.</p><p><blockquote>2020年,两家公司都受益于人们对电动汽车日益增长的兴趣,这一趋势导致大多数纯电动汽车公司的股价迅速上涨。电动汽车市场份额不断增长、电动汽车购买补贴等宽松政策以及大规模货币刺激措施相结合,让蔚来和特斯拉的股价迅速上涨。蔚来去年上涨了245%,而特斯拉同期上涨了101%。然而,两家公司目前的交易价格均低于2021年初创下的历史高点,随后纯电动汽车的市场情绪在一定程度上降温。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5ff5ce865807df85283775d2293b41af\" tg-width=\"635\" tg-height=\"481\" referrerpolicy=\"no-referrer\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> Taking a quick look at analyst price targets, we see that Tesla is trading almost perfectly in line with the consensus, whereas NIO trades about 30% below the analyst target. If the analyst community is right, then NIO is a substantially better investment right here, as Tesla is not expected to see its shares rise meaningfully over the next year, whereas NIO has significant upside to the analyst price target.</p><p><blockquote>快速浏览一下分析师的目标价,我们发现特斯拉的交易价格几乎完全符合共识,而蔚来的交易价格比分析师目标低约30%。如果分析师界是正确的,那么蔚来是一项更好的投资,因为预计特斯拉的股价明年不会大幅上涨,而蔚来的股价较分析师目标价有显着上涨空间。</blockquote></p><p> <b>Is NIO Similar To Tesla?</b></p><p><blockquote><b>蔚来和特斯拉相似吗?</b></blockquote></p><p> The answer to that question depends on what you focus on. There are similarities between the two companies, but there are also differences. One could thus say that, in some ways, the two are similar, but in others, they are not. Let's look at a couple of things:</p><p><blockquote>这个问题的答案取决于你关注的是什么。两家公司有相似之处,但也有不同之处。因此,人们可以说,在某些方面,两者是相似的,但在另一些方面,它们不是。让我们看几件事:</blockquote></p><p> <b>Business Model</b></p><p><blockquote><b>商业模式</b></blockquote></p><p> Both companies are focused on the EV space, although Tesla has, over the years, been building out a couple of other businesses as well, such as energy storage. Most of Tesla's revenues are generated through selling electric vehicles, which is also how NIO operates. Both companies are focused on the premium segment of EVs, selling higher-priced vehicles that compete with brands such as BMW, Mercedes, and Lexus. Both companies offer a small range of different vehicles, in Tesla's case those are the well-known S, X, 3, and Y, whereas NIO offers a sedan (ET7), and three SUVs (EC6, ES6, ES8). Despite the fact that NIO is a way smaller company today, the model lineups of the two companies do thus not differ too much.</p><p><blockquote>两家公司都专注于电动汽车领域,尽管特斯拉多年来也在发展其他一些业务,例如储能。特斯拉的大部分收入来自销售电动汽车,这也是蔚来的运营方式。两家公司都专注于电动汽车的高端市场,销售与宝马、梅赛德斯和雷克萨斯等品牌竞争的高价汽车。两家公司都提供少量不同的车辆,特斯拉是著名的S、X、3和Y,而蔚来则提供一款轿车(ET7)和三款SUV(EC6、ES6、ES8)。尽管蔚来如今是一家规模较小的公司,但两家公司的车型阵容并没有太大差异。</blockquote></p><p> Both companies offer some type of charging infrastructure to their customers, in Tesla's case, that's the Supercharger network, where Tesla owners can charge their cars with up to 250kW, depending on what version of Supercharger is installed. NIO is following a different approach, offering a battery-as-a-service solution to its customers. NIO owners can get their battery switched out to a fully-charged battery at NIO's stations, a process that takes a couple of minutes and is thus significantly quicker compared to the regular EV charging offered by Tesla and other EV players. BaaS thus has advantages when it comes to the time it takes for a charge/swap, but it should be noted that Tesla's Superchargers are way more common around the world compared to NIO's battery-swapping stations. Rolling out that feature in additional markets will require large capital expenditures, but NIO's offering is a unique selling point compared to what all other EV players, including Tesla, are offering. It remains to be seen whether that will ultimately pay off, but this could become a major advantage for NIO as competition in the EV space is heating up.</p><p><blockquote>两家公司都向客户提供某种类型的充电基础设施,就特斯拉而言,这就是Supercharger网络,特斯拉车主可以根据安装的Supercharger版本为汽车充电高达250kW。蔚来正在采取不同的方法,为客户提供电池即服务解决方案。蔚来车主可以在蔚来的充电站将电池更换为充满电的电池,这一过程需要几分钟,因此与特斯拉和其他电动汽车厂商提供的常规电动汽车充电相比要快得多。因此,BaaS在充电/交换所需时间方面具有优势,但应该指出的是,与蔚来的电池交换站相比,特斯拉的超级充电站在世界各地更为常见。在其他市场推出该功能将需要大量资本支出,但与包括特斯拉在内的所有其他电动汽车厂商相比,蔚来的产品是一个独特的卖点。这最终是否会得到回报还有待观察,但随着电动汽车领域的竞争加剧,这可能成为蔚来的一大优势。</blockquote></p><p> <b>Size, growth, and valuation</b></p><p><blockquote><b>规模、增长和估值</b></blockquote></p><p></p><p> The two companies differ significantly in size, both when it comes to revenues and vehicle sales, as well as when it comes to the market value of the two companies. NIO has delivered22,000 vehicles in Q2, up 112% year over year, for an annual pace of around 90,000 vehicles. Tesla, meanwhile, has delivered 201,000 vehicles during Q2, up from 103,000 vehicles delivered during Q2 2020. This is strong growth on a year-over-year basis, although slightly below 100%, and thus below the growth rate that NIO is generating for now.</p><p><blockquote>这两家公司的规模差异很大,无论是在收入和汽车销量方面,还是在两家公司的市值方面。蔚来第二季度交付了22,000辆汽车,同比增长112%,年增长率约为90,000辆。与此同时,特斯拉在第二季度交付了201,000辆汽车,高于2020年第二季度的103,000辆汽车。这是一个强劲的同比增长,尽管略低于100%,因此低于蔚来目前的增长率。</blockquote></p><p> Tesla delivers around 9x as many vehicles compared to NIO per quarter, when we look at the market capitalizations of the two companies, we see that the ratio is almost exactly the same, as Tesla's market cap of $640 billion is ~9x as high as that of NIO, at $72 billion. At similar growth rates, that would make perfect sense, but it looks like NIO might be the better deal for now, as it trades at a comparable valuation while generating better growth. This will be especially true in the coming quarters, where Tesla's growth is expected to slow down:</p><p><blockquote>与蔚来相比,特斯拉每季度交付的汽车数量约为9倍,当我们查看两家公司的市值时,我们发现这一比例几乎完全相同,因为特斯拉6400亿美元的市值约为9倍。蔚来的市值为720亿美元。在类似的增长率下,这是完全有道理的,但目前看来蔚来可能是更好的交易,因为它的估值相当,同时产生更好的增长。在未来几个季度尤其如此,预计特斯拉的增长将放缓:</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a986ea65130206f99961a46ce6cfed55\" tg-width=\"635\" tg-height=\"515\" referrerpolicy=\"no-referrer\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> Tesla is forecasted to grow its revenue from $49 billion in 2021 to $83 billion in 2023, for an annual growth rate of 30%. NIO, meanwhile, is expected to see its revenue explode upwards from $5.4 billion to $12.8 billion between 2021 and 2023, for an annual growth rate of 54%. NIO is thus expected to grow way faster than Tesla over the next two years, on a relative basis. This shouldn't be a surprise, to be honest, as the law of large numbers dictates that maintaining massive growth rates becomes increasingly hard for a company the bigger it gets, and Tesla seems to have hit that point by now -- adding 50%+ a year to its top line will not be possible forever. This isn't even necessarily Tesla's fault, in fact, many high-quality growth companies have experienced the same. But investors should still consider this important fact -- Tesla's growth in coming years will be less exciting compared to what we have seen in the past, and peers, such as NIO, are growing faster.</p><p><blockquote>特斯拉的收入预计将从2021年的490亿美元增长到2023年的830亿美元,年增长率为30%。与此同时,蔚来的收入预计将在2021年至2023年间从54亿美元猛增至128亿美元,年增长率为54%。因此,相对而言,预计未来两年蔚来的增长速度将远远快于特斯拉。老实说,这并不奇怪,因为大数定律表明,对于一家规模越大的公司来说,保持大幅增长率就变得越来越困难,而特斯拉现在似乎已经达到了这一点——每年增加50%以上的收入将永远不可能。这甚至不一定是特斯拉的错,事实上,许多优质成长型公司都经历过同样的事情。但投资者仍应考虑这一重要事实——与我们过去看到的相比,特斯拉未来几年的增长将不那么令人兴奋,而蔚来等同行的增长速度更快。</blockquote></p><p> The same holds true when we take a longer-term view. Revenue estimates for 2025 rest at$22.6 billionfor NIO, up another 80% from the 2023 estimate, and up 320% from what analysts are forecasting for 2021. Tesla, meanwhile, is forecasted to generate revenues of $122.5 billion in 2025 -- a large number, but up by a comparatively weak 48% from 2023, and up by a total of 150% versus 2021. Between 2021 and 2025, NIO will thus 4x its revenue, while Tesla will 2.5x its revenue in the same time span -- a meaningful difference that should, all else equal, allow for a premium valuation for NIO, in the same way Tesla deserves a premium valuation versus legacy players such as Volkswagen (OTCPK:VWAGY).</p><p><blockquote>当我们从长远来看时,情况也是如此。蔚来2025年的收入预期为226亿美元,比2023年的预期再增长80%,比分析师对2021年的预测增长320%。与此同时,特斯拉预计2025年的收入将达到1,225亿美元,这是一个很大的数字,但比2023年增长了48%,比2021年总共增长了150%。因此,在2021年至2025年间,蔚来的收入将增加4倍,而特斯拉的收入将在同一时期增加2.5倍——在其他条件相同的情况下,这是一个有意义的差异,应该允许蔚来获得溢价估值,就像特斯拉一样。与大众汽车(OTCPK:VWAGY)等传统企业相比,它值得获得溢价估值。</blockquote></p><p> Looking at revenue estimates for 2025 relative to how the two companies are valued today, we see that NIO trades at 3.2x 2025 sales, while the 2025 sales multiple for Tesla is 5.2. For a long-term oriented investor, NIO thus seems like the better value today, thanks to the fact that it is trading at a significantly lower sales multiple when we take a look into the future. This does not necessarily mean that NIO is cheap, however, as even a 3.2x 2025 sales multiple is relatively high compared to how legacy auto companies are valued. NIO is looking less expensive than Tesla, however, even if its shares are not cheap on an absolute basis.</p><p><blockquote>相对于两家公司目前的估值来看2025年的收入预期,我们发现蔚来的市盈率为2025年销售额的3.2倍,而特斯拉2025年的销售额倍数为5.2倍。因此,对于长期投资者来说,蔚来今天似乎更有价值,因为当我们展望未来时,它的销售倍数要低得多。然而,这并不一定意味着蔚来很便宜,因为与传统汽车公司的估值相比,即使2025年3.2倍的销售倍数也相对较高。然而,蔚来看起来比特斯拉便宜,尽管其股价绝对并不便宜。</blockquote></p><p> <b>Can NIO Be Worth As Much As Tesla?</b></p><p><blockquote><b>蔚来能和特斯拉一样值钱吗?</b></blockquote></p><p> The answer to that depends on what time frame you are looking at. Today, NIO is significantly smaller than Tesla and thus rightfully trades at a way smaller market cap. It should also be noted that there is no guarantee that Tesla's shares are a great example of how an EV company should be valued -- it is, at least, possible that its shares are significantly overpriced today, I personally believe that as well (Note that some will argue that shares are underpriced, which is also among the possibilities, although I do not hold that belief personally).</p><p><blockquote>这个问题的答案取决于你所关注的时间框架。如今,蔚来的规模明显小于特斯拉,因此其市值也相应地小得多。还应该指出的是,不能保证特斯拉的股票是电动汽车公司应该如何估值的一个很好的例子——至少,它的股票今天有可能被严重高估,我个人也相信这一点(请注意,有些人会认为股票定价过低,这也是一种可能性,尽管我个人并不持有这种信念)。</blockquote></p><p></p><p> When we do, for a moment, assume that Tesla is correctly valued today and that EV companies do deserve a market cap in the $600 billion range when they sell about 800,000 vehicles a year, then NIO could eventually hit that as well, although not in the near term. NIO will sell about 90,000 vehicles this year, and that amount should grow to about 400,000 in 2025. If NIO were to grow its sales by 15% a year beyond that point, it could sell around 800,000 cars in 2030, or 9 years from now. If one wants to assume faster growth, the 800,000 vehicles a year line could also be crossed before 2030, e.g. in 2028 or 2029. If we do go with 2030 for now, then NIO could, at a similar deliveries-to-market capitalization ratio to Tesla, be valued at $600+ billion in 2030. In other words, NIO could be worth as much as Tesla (today) in nine years, when we assume that current growth projections are realistic and that a Tesla-like valuation is appropriate. Those are two major ifs, of course, and especially the second point is far from certain, I believe. I personally would not be too surprised to see Tesla's valuation compress, and thus NIO could trade well below the $600 billion market cap level in 2030, even if it continues to grow meaningfully. It is also possible that NIO's growth disappoints and that current projections are too bullish, although I think that NIO is well-positioned for growth thanks to its unique BaaS model and its strong brand that is especially well-recognized in its home market.</p><p><blockquote>当我们暂时假设特斯拉今天的估值是正确的,并且电动汽车公司每年销售约80万辆汽车时确实应该获得6000亿美元的市值时,那么蔚来最终也可能达到这一目标,尽管不是在短期内。蔚来今年将销售约9万辆汽车,2025年这一数字将增长至约40万辆。如果蔚来的销量在此之后每年增长15%,那么到2030年(即9年后),它可能会售出约80万辆汽车。如果想要更快的增长,也可以在2030年之前跨越每年80万辆汽车的界限,例如2028年或2029年。如果我们现在确实选择2030年,那么按照与特斯拉类似的交付量与市值比率,蔚来到2030年的估值可能会超过6000亿美元。换句话说,如果我们假设当前的增长预测是现实的,并且类似特斯拉的估值是合适的,那么九年后蔚来的价值可能会与特斯拉(今天)一样高。当然,这是两个主要的如果,尤其是第二点,我认为还远未确定。我个人不会对特斯拉的估值压缩感到太惊讶,因此蔚来的市值在2030年可能远低于6000亿美元的水平,即使它继续大幅增长。蔚来的增长也有可能令人失望,目前的预测过于乐观,尽管我认为蔚来凭借其独特的BaaS模式和在国内市场特别受认可的强大品牌,处于良好的增长地位。</blockquote></p><p> It should also be noted that Tesla's market cap in 2030 could be very different from $600 billion, thus even in case NIO hits that level, it is not at all guaranteed that the two companies will have a similar market cap. Tesla might be valued at a way higher valuation by then, e.g. if the ARK model is right (something I personally think is unlikely). To answer the above question, one could thus say that NIO might be worth hundreds of billions of dollars, like Tesla, in 8-10 years, but that is not at all guaranteed. And even if that were to happen, Tesla might be worth significantly more by then.</p><p><blockquote>还应该指出的是,特斯拉2030年的市值可能与6000亿美元有很大不同,因此即使蔚来达到这一水平,也不能保证两家公司的市值会相似。到那时,特斯拉的估值可能会高得多,例如如果方舟模型是正确的(我个人认为不太可能)。为了回答上述问题,人们可以说,蔚来可能在8-10年内像特斯拉一样价值数千亿美元,但这根本不能保证。即使这种情况发生,到那时特斯拉的价值也可能会高得多。</blockquote></p><p> <b>Is NIO A Good Stock To Buy Or Sell Now?</b></p><p><blockquote><b>蔚来现在是买入或卖出的好股票吗?</b></blockquote></p><p> When considering NIO as an investment, it doesn't really matter all that much whether it will become as large or highly valued as Tesla eventually. Instead, investors should ask themselves what total returns they can expect over the next couple of years, and whether those expected returns are high enough relative to the risks in NIO's business model. Regarding those risks, one should mention the fact that the company isn't profitable yet, which means that NIO is dependent on cash on its balance sheet for growth investments. On top of that, competition in the EV space is growing, and market share battles could pressure margins in coming years, although NIO seems relatively well-positioned thanks to its battery-swapping, which is, I believe, a strong USP. Last but not least, the company's dependence on its home market China is a potential risk that should be kept in mind, although it should also be noted that, for now, it seems like the Chinese government is very accommodating to Chinese EV companies.</p><p><blockquote>当将蔚来视为一项投资时,它最终是否会变得像特斯拉一样庞大或估值很高并不重要。相反,投资者应该问自己,未来几年他们可以预期的总回报是多少,以及相对于蔚来商业模式的风险,这些预期回报是否足够高。关于这些风险,应该提到的事实是,该公司尚未盈利,这意味着蔚来依赖其资产负债表上的现金进行增长投资。最重要的是,电动汽车领域的竞争正在加剧,市场份额之争可能会在未来几年给利润率带来压力,尽管蔚来似乎由于其电池交换而处于相对有利的地位,我认为这是一个强大的USP。最后但并非最不重要的是,该公司对中国本土市场的依赖是一个应该牢记的潜在风险,尽管还应该指出的是,目前中国政府似乎对中国电动汽车公司非常包容。</blockquote></p><p> One could argue that valuations across the whole EV industry are too high, relative to how legacy auto companies are valued. Even those legacy players with attractive EV offerings such as Volkswagen or Ford trade at huge discounts compared to EV pureplays. But if one wants to invest in an EV pureplay, NIO doesn't seem like a bad choice. The company combines a strong brand, a unique BaaS offering, high growth rates, and shares trade at a discount compared to how the EV king Tesla is valued. At a little above 3x 2025 revenue, NIO does not seem overly expensive relative to other EV pureplays, although this still represents a premium versus legacy players, of course. If NIO manages to execute well and continues to roll out new models that are well-received by consumers, its shares could have significant upside potential in the long run. If EV stocks ever become an out-of-favor investment, NIO stock also could have considerable downside, however, this thus is not a low-risk pick. Depending on your risk tolerance, NIO could still be of value if you want a high-growth EV pureplay.</p><p><blockquote>有人可能会说,相对于传统汽车公司的估值,整个电动汽车行业的估值过高。与纯电动汽车相比,即使是大众汽车或福特等拥有有吸引力的电动汽车产品的传统企业,其交易也有巨大的折扣。但如果你想投资纯电动汽车,蔚来似乎是一个不错的选择。该公司结合了强大的品牌、独特的BaaS产品、高增长率,并且与电动汽车之王特斯拉的估值相比,股票交易价格有折扣。与其他纯电动汽车公司相比,蔚来2025年收入略高于3倍,似乎并不算太贵,当然,与传统公司相比,这仍然代表着溢价。如果蔚来能够表现良好并继续推出深受消费者欢迎的新车型,从长远来看,其股价可能具有巨大的上涨潜力。如果电动汽车股票成为不受欢迎的投资,蔚来股票也可能有相当大的下跌空间,然而,这并不是一个低风险的选择。根据您的风险承受能力,如果您想要高增长的纯电动汽车,蔚来仍然可能具有价值。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://seekingalpha.com/article/4440950-will-nio-stock-follow-tesla-what-to-consider-ev-stocks\">seekingalpha</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":{"NIO":"蔚来","TSLA":"特斯拉"},"source_url":"https://seekingalpha.com/article/4440950-will-nio-stock-follow-tesla-what-to-consider-ev-stocks","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112927800","content_text":"Summary\n\nLet's take a look at how NIO compares to Tesla today, NIO's unique selling points, and the similarities between the two companies.\nNIO is a high-growth choice that does not seem overly expensive relative to how Tesla is valued.\nNIO is not a low-risk stock, however, and it may not be a good choice for everyone. Investors should also consider NIO's valuation versus legacy car companies.\n\nipopba/iStock via Getty Images\nArticle Thesis\nNIO, Inc. (NIO) is one of China's leading EV players, and has, through an attractive brand and its unique BaaS offering, attracted a lot of interest from consumers and investors. Today, however, the company is still way smaller than Tesla (TSLA), which is currently leading the global EV market. NIO is focused on its home market right now, which was true when Tesla was a smaller company as well, but NIO will try to grab market share in overseas markets as well. Shares are pricing in a lot of growth already, but if NIO can replicate Tesla's success, that could be more than justified.\nNIO And TSLA Stock Prices\nBoth companies have benefitted from growing interest in EVs during 2020, a trend that saw share prices of most EV pureplays rise rapidly. The combination of growing market share for EVs, accommodating policies such as subsidies for EV purchases, and massive monetary stimulus let shares of NIO and TSLA rise rapidly. NIO is up 245% over the last year, while TSLA is up 101% over the same time. Both companies are currently trading below their all-time highs, however, which were hit in early 2021 before market sentiment for EV pureplays cooled to some degree.\nData by YCharts\nTaking a quick look at analyst price targets, we see that Tesla is trading almost perfectly in line with the consensus, whereas NIO trades about 30% below the analyst target. If the analyst community is right, then NIO is a substantially better investment right here, as Tesla is not expected to see its shares rise meaningfully over the next year, whereas NIO has significant upside to the analyst price target.\nIs NIO Similar To Tesla?\nThe answer to that question depends on what you focus on. There are similarities between the two companies, but there are also differences. One could thus say that, in some ways, the two are similar, but in others, they are not. Let's look at a couple of things:\nBusiness Model\nBoth companies are focused on the EV space, although Tesla has, over the years, been building out a couple of other businesses as well, such as energy storage. Most of Tesla's revenues are generated through selling electric vehicles, which is also how NIO operates. Both companies are focused on the premium segment of EVs, selling higher-priced vehicles that compete with brands such as BMW, Mercedes, and Lexus. Both companies offer a small range of different vehicles, in Tesla's case those are the well-known S, X, 3, and Y, whereas NIO offers a sedan (ET7), and three SUVs (EC6, ES6, ES8). Despite the fact that NIO is a way smaller company today, the model lineups of the two companies do thus not differ too much.\nBoth companies offer some type of charging infrastructure to their customers, in Tesla's case, that's the Supercharger network, where Tesla owners can charge their cars with up to 250kW, depending on what version of Supercharger is installed. NIO is following a different approach, offering a battery-as-a-service solution to its customers. NIO owners can get their battery switched out to a fully-charged battery at NIO's stations, a process that takes a couple of minutes and is thus significantly quicker compared to the regular EV charging offered by Tesla and other EV players. BaaS thus has advantages when it comes to the time it takes for a charge/swap, but it should be noted that Tesla's Superchargers are way more common around the world compared to NIO's battery-swapping stations. Rolling out that feature in additional markets will require large capital expenditures, but NIO's offering is a unique selling point compared to what all other EV players, including Tesla, are offering. It remains to be seen whether that will ultimately pay off, but this could become a major advantage for NIO as competition in the EV space is heating up.\nSize, growth, and valuation\nThe two companies differ significantly in size, both when it comes to revenues and vehicle sales, as well as when it comes to the market value of the two companies. NIO has delivered22,000 vehicles in Q2, up 112% year over year, for an annual pace of around 90,000 vehicles. Tesla, meanwhile, has delivered 201,000 vehicles during Q2, up from 103,000 vehicles delivered during Q2 2020. This is strong growth on a year-over-year basis, although slightly below 100%, and thus below the growth rate that NIO is generating for now.\nTesla delivers around 9x as many vehicles compared to NIO per quarter, when we look at the market capitalizations of the two companies, we see that the ratio is almost exactly the same, as Tesla's market cap of $640 billion is ~9x as high as that of NIO, at $72 billion. At similar growth rates, that would make perfect sense, but it looks like NIO might be the better deal for now, as it trades at a comparable valuation while generating better growth. This will be especially true in the coming quarters, where Tesla's growth is expected to slow down:\nData by YCharts\nTesla is forecasted to grow its revenue from $49 billion in 2021 to $83 billion in 2023, for an annual growth rate of 30%. NIO, meanwhile, is expected to see its revenue explode upwards from $5.4 billion to $12.8 billion between 2021 and 2023, for an annual growth rate of 54%. NIO is thus expected to grow way faster than Tesla over the next two years, on a relative basis. This shouldn't be a surprise, to be honest, as the law of large numbers dictates that maintaining massive growth rates becomes increasingly hard for a company the bigger it gets, and Tesla seems to have hit that point by now -- adding 50%+ a year to its top line will not be possible forever. This isn't even necessarily Tesla's fault, in fact, many high-quality growth companies have experienced the same. But investors should still consider this important fact -- Tesla's growth in coming years will be less exciting compared to what we have seen in the past, and peers, such as NIO, are growing faster.\nThe same holds true when we take a longer-term view. Revenue estimates for 2025 rest at$22.6 billionfor NIO, up another 80% from the 2023 estimate, and up 320% from what analysts are forecasting for 2021. Tesla, meanwhile, is forecasted to generate revenues of $122.5 billion in 2025 -- a large number, but up by a comparatively weak 48% from 2023, and up by a total of 150% versus 2021. Between 2021 and 2025, NIO will thus 4x its revenue, while Tesla will 2.5x its revenue in the same time span -- a meaningful difference that should, all else equal, allow for a premium valuation for NIO, in the same way Tesla deserves a premium valuation versus legacy players such as Volkswagen (OTCPK:VWAGY).\nLooking at revenue estimates for 2025 relative to how the two companies are valued today, we see that NIO trades at 3.2x 2025 sales, while the 2025 sales multiple for Tesla is 5.2. For a long-term oriented investor, NIO thus seems like the better value today, thanks to the fact that it is trading at a significantly lower sales multiple when we take a look into the future. This does not necessarily mean that NIO is cheap, however, as even a 3.2x 2025 sales multiple is relatively high compared to how legacy auto companies are valued. NIO is looking less expensive than Tesla, however, even if its shares are not cheap on an absolute basis.\nCan NIO Be Worth As Much As Tesla?\nThe answer to that depends on what time frame you are looking at. Today, NIO is significantly smaller than Tesla and thus rightfully trades at a way smaller market cap. It should also be noted that there is no guarantee that Tesla's shares are a great example of how an EV company should be valued -- it is, at least, possible that its shares are significantly overpriced today, I personally believe that as well (Note that some will argue that shares are underpriced, which is also among the possibilities, although I do not hold that belief personally).\nWhen we do, for a moment, assume that Tesla is correctly valued today and that EV companies do deserve a market cap in the $600 billion range when they sell about 800,000 vehicles a year, then NIO could eventually hit that as well, although not in the near term. NIO will sell about 90,000 vehicles this year, and that amount should grow to about 400,000 in 2025. If NIO were to grow its sales by 15% a year beyond that point, it could sell around 800,000 cars in 2030, or 9 years from now. If one wants to assume faster growth, the 800,000 vehicles a year line could also be crossed before 2030, e.g. in 2028 or 2029. If we do go with 2030 for now, then NIO could, at a similar deliveries-to-market capitalization ratio to Tesla, be valued at $600+ billion in 2030. In other words, NIO could be worth as much as Tesla (today) in nine years, when we assume that current growth projections are realistic and that a Tesla-like valuation is appropriate. Those are two major ifs, of course, and especially the second point is far from certain, I believe. I personally would not be too surprised to see Tesla's valuation compress, and thus NIO could trade well below the $600 billion market cap level in 2030, even if it continues to grow meaningfully. It is also possible that NIO's growth disappoints and that current projections are too bullish, although I think that NIO is well-positioned for growth thanks to its unique BaaS model and its strong brand that is especially well-recognized in its home market.\nIt should also be noted that Tesla's market cap in 2030 could be very different from $600 billion, thus even in case NIO hits that level, it is not at all guaranteed that the two companies will have a similar market cap. Tesla might be valued at a way higher valuation by then, e.g. if the ARK model is right (something I personally think is unlikely). To answer the above question, one could thus say that NIO might be worth hundreds of billions of dollars, like Tesla, in 8-10 years, but that is not at all guaranteed. And even if that were to happen, Tesla might be worth significantly more by then.\nIs NIO A Good Stock To Buy Or Sell Now?\nWhen considering NIO as an investment, it doesn't really matter all that much whether it will become as large or highly valued as Tesla eventually. Instead, investors should ask themselves what total returns they can expect over the next couple of years, and whether those expected returns are high enough relative to the risks in NIO's business model. Regarding those risks, one should mention the fact that the company isn't profitable yet, which means that NIO is dependent on cash on its balance sheet for growth investments. On top of that, competition in the EV space is growing, and market share battles could pressure margins in coming years, although NIO seems relatively well-positioned thanks to its battery-swapping, which is, I believe, a strong USP. Last but not least, the company's dependence on its home market China is a potential risk that should be kept in mind, although it should also be noted that, for now, it seems like the Chinese government is very accommodating to Chinese EV companies.\nOne could argue that valuations across the whole EV industry are too high, relative to how legacy auto companies are valued. Even those legacy players with attractive EV offerings such as Volkswagen or Ford trade at huge discounts compared to EV pureplays. But if one wants to invest in an EV pureplay, NIO doesn't seem like a bad choice. The company combines a strong brand, a unique BaaS offering, high growth rates, and shares trade at a discount compared to how the EV king Tesla is valued. At a little above 3x 2025 revenue, NIO does not seem overly expensive relative to other EV pureplays, although this still represents a premium versus legacy players, of course. If NIO manages to execute well and continues to roll out new models that are well-received by consumers, its shares could have significant upside potential in the long run. If EV stocks ever become an out-of-favor investment, NIO stock also could have considerable downside, however, this thus is not a low-risk pick. Depending on your risk tolerance, NIO could still be of value if you want a high-growth EV pureplay.","news_type":1,"symbols_score_info":{"NIO":0.9,"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":559,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"9000000000000209","authorId":"9000000000000209","name":"贝尔坎贝尔","avatar":"https://static.tigerbbs.com/5542e95e8b2dae009b1c8a6854d922ee","crmLevel":1,"crmLevelSwitch":0,"idStr":"9000000000000209","authorIdStr":"9000000000000209"},"content":"我也相信蔚来的前景","text":"我也相信蔚来的前景","html":"我也相信蔚来的前景"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":388180797,"gmtCreate":1613036477819,"gmtModify":1703768607539,"author":{"id":"3561259559295872","authorId":"3561259559295872","name":"SquareGuy","avatar":"https://static.tigerbbs.com/c4aa86e9311a7ff0643a2e9f93645a8c","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3561259559295872","authorIdStr":"3561259559295872"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/U\">$Unity Software Inc.(U)$</a>Remmember Tesla few years ago ? Cathie bought heavily.... history tends to repeat with Unity in the gaming market ! ","listText":"<a href=\"https://laohu8.com/S/U\">$Unity Software Inc.(U)$</a>Remmember Tesla few years ago ? Cathie bought heavily.... history tends to repeat with Unity in the gaming market ! ","text":"$Unity Software Inc.(U)$Remmember Tesla few years ago ? Cathie bought heavily.... history tends to repeat with Unity in the gaming market !","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":5,"repostSize":0,"link":"https://laohu8.com/post/388180797","isVote":1,"tweetType":1,"viewCount":3159,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":832499791,"gmtCreate":1629673900613,"gmtModify":1631886379110,"author":{"id":"3561259559295872","authorId":"3561259559295872","name":"SquareGuy","avatar":"https://static.tigerbbs.com/c4aa86e9311a7ff0643a2e9f93645a8c","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3561259559295872","authorIdStr":"3561259559295872"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/JMIA\">$Jumia Technologies AG(JMIA)$</a> emerging giant in emerging market ","listText":"<a href=\"https://laohu8.com/S/JMIA\">$Jumia Technologies AG(JMIA)$</a> emerging giant in emerging market ","text":"$Jumia Technologies AG(JMIA)$ emerging giant in emerging market","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":5,"repostSize":0,"link":"https://laohu8.com/post/832499791","repostId":"1115632642","repostType":4,"isVote":1,"tweetType":1,"viewCount":642,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":342022990,"gmtCreate":1618133498710,"gmtModify":1631883800591,"author":{"id":"3561259559295872","authorId":"3561259559295872","name":"SquareGuy","avatar":"https://static.tigerbbs.com/c4aa86e9311a7ff0643a2e9f93645a8c","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3561259559295872","authorIdStr":"3561259559295872"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/U\">$Unity Software Inc.(U)$</a>getting ready ","listText":"<a href=\"https://laohu8.com/S/U\">$Unity Software Inc.(U)$</a>getting ready ","text":"$Unity Software Inc.(U)$getting ready","images":[{"img":"https://static.tigerbbs.com/09c3c312d7c2d051414ae057a6db810b","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":6,"repostSize":0,"link":"https://laohu8.com/post/342022990","isVote":1,"tweetType":1,"viewCount":1347,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":890160671,"gmtCreate":1628087120293,"gmtModify":1633753713141,"author":{"id":"3561259559295872","authorId":"3561259559295872","name":"SquareGuy","avatar":"https://static.tigerbbs.com/c4aa86e9311a7ff0643a2e9f93645a8c","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3561259559295872","authorIdStr":"3561259559295872"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AMD\">$AMD(AMD)$</a>120 hit. Anyone has Target Price ?","listText":"<a href=\"https://laohu8.com/S/AMD\">$AMD(AMD)$</a>120 hit. Anyone has Target Price ?","text":"$AMD(AMD)$120 hit. Anyone has Target Price ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":5,"repostSize":0,"link":"https://laohu8.com/post/890160671","isVote":1,"tweetType":1,"viewCount":2179,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":115908424,"gmtCreate":1622944824268,"gmtModify":1634096773018,"author":{"id":"3561259559295872","authorId":"3561259559295872","name":"SquareGuy","avatar":"https://static.tigerbbs.com/c4aa86e9311a7ff0643a2e9f93645a8c","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3561259559295872","authorIdStr":"3561259559295872"},"themes":[],"htmlText":"$SQ$ is 1 of my top investmemt ...dca 8nto it slowly","listText":"$SQ$ is 1 of my top investmemt ...dca 8nto it slowly","text":"$SQ$ is 1 of my top investmemt ...dca 8nto it slowly","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/115908424","repostId":"2141283409","repostType":2,"isVote":1,"tweetType":1,"viewCount":705,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":133099584,"gmtCreate":1621664765148,"gmtModify":1631888651119,"author":{"id":"3561259559295872","authorId":"3561259559295872","name":"SquareGuy","avatar":"https://static.tigerbbs.com/c4aa86e9311a7ff0643a2e9f93645a8c","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3561259559295872","authorIdStr":"3561259559295872"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AYRO\">$AYRO, Inc.(AYRO)$</a>Bought quite high and has kept on dca. Think some good news will be out quite soon. Crossing fingers. ","listText":"<a href=\"https://laohu8.com/S/AYRO\">$AYRO, Inc.(AYRO)$</a>Bought quite high and has kept on dca. Think some good news will be out quite soon. Crossing fingers. ","text":"$AYRO, Inc.(AYRO)$Bought quite high and has kept on dca. Think some good news will be out quite soon. Crossing fingers.","images":[{"img":"https://static.tigerbbs.com/f4290ed7dc96ee19e8b70e5f69fbb5d0","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":5,"repostSize":0,"link":"https://laohu8.com/post/133099584","isVote":1,"tweetType":1,"viewCount":952,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":807894320,"gmtCreate":1628026104460,"gmtModify":1633754381075,"author":{"id":"3561259559295872","authorId":"3561259559295872","name":"SquareGuy","avatar":"https://static.tigerbbs.com/c4aa86e9311a7ff0643a2e9f93645a8c","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3561259559295872","authorIdStr":"3561259559295872"},"themes":[],"htmlText":"time is now for <a href=\"https://laohu8.com/S/AMD\">$AMD(AMD)$</a>....all the patience to see it up, not co sidering selling until AT LEAST 120++","listText":"time is now for <a href=\"https://laohu8.com/S/AMD\">$AMD(AMD)$</a>....all the patience to see it up, not co sidering selling until AT LEAST 120++","text":"time is now for $AMD(AMD)$....all the patience to see it up, not co sidering selling until AT LEAST 120++","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":12,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/807894320","repostId":"1127822150","repostType":4,"isVote":1,"tweetType":1,"viewCount":406,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":174379086,"gmtCreate":1627083017645,"gmtModify":1633768240187,"author":{"id":"3561259559295872","authorId":"3561259559295872","name":"SquareGuy","avatar":"https://static.tigerbbs.com/c4aa86e9311a7ff0643a2e9f93645a8c","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3561259559295872","authorIdStr":"3561259559295872"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TSLA\">$Tesla Motors(TSLA)$</a>washing out the weak hands. so common with this happening. CAUTION institution will be watching to buy","listText":"<a href=\"https://laohu8.com/S/TSLA\">$Tesla Motors(TSLA)$</a>washing out the weak hands. so common with this happening. CAUTION institution will be watching to buy","text":"$Tesla Motors(TSLA)$washing out the weak hands. so common with this happening. CAUTION institution will be watching to buy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/174379086","isVote":1,"tweetType":1,"viewCount":941,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":379803760,"gmtCreate":1618711745850,"gmtModify":1634291329334,"author":{"id":"3561259559295872","authorId":"3561259559295872","name":"SquareGuy","avatar":"https://static.tigerbbs.com/c4aa86e9311a7ff0643a2e9f93645a8c","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3561259559295872","authorIdStr":"3561259559295872"},"themes":[],"htmlText":"who wants like and comment back ?","listText":"who wants like and comment back ?","text":"who wants like and comment back ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/379803760","repostId":"1175692875","repostType":4,"repost":{"id":"1175692875","kind":"news","pubTimestamp":1618582708,"share":"https://www.laohu8.com/m/news/1175692875?lang=zh_CN&edition=full","pubTime":"2021-04-16 22:18","market":"us","language":"en","title":"$544 Billion In Options Expire Today: Here's What Will Move<blockquote>5440亿美元期权今天到期:以下是将发生的变化</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1175692875","media":"zerohedge","summary":"While it's not quad (or even triple) witching day, today's a whole lot of weekly options will expire","content":"<p>While it's not quad (or even triple) witching day, today's a whole lot of weekly options will expire, may of which will be worthless, and others will be providing a supporting \"pin\" to underlying prices. It's why, even though we are enjoying a beautiful spring week, Goldman notes that single stock options trading activity is elevated relative to historical levels. To wit, daily options volumes are up 70% in April, up from YTD lows of $2.4bn on 30-Mar.</p><p><blockquote>虽然这不是四(甚至三)巫术日,但今天的大量每周期权将到期,其中可能一文不值,其他期权将为基础价格提供支持“引脚”。这就是为什么,尽管我们正在享受一个美丽的春季周,高盛指出,单一股票期权交易活动相对于历史水平有所上升。也就是说,4月份每日期权交易量增长了70%,高于3月30日年初至今24亿美元的低点。</blockquote></p><p><b>In total, across single stocks, $544BN of options are set to expiry today, including $305BN calls.</b>As such, today’s expiry could be important for stocks with large open interest in at-the-money(ATM) options, as market makers delta-hedging their unusually large options portfolios will be active. This flow is likely to dampen volatility in some names while exacerbating stock price moves in others.</p><p><blockquote><b>总体而言,单个股票中有5440亿美元的期权将于今天到期,其中包括3050亿美元的评级。</b>因此,今天的到期对于平值(ATM)期权持有大量未平仓合约的股票可能很重要,因为做市商对其异常大的期权投资组合进行delta对冲将会很活跃。这种流动可能会抑制某些股票的波动,同时加剧其他股票的股价波动。</blockquote></p><p>How to trade this?</p><p><blockquote>这个怎么交易?</blockquote></p><p>As Goldman's Vishal Vivek writes, at major expirations, options traders track situations where<b>a large amount of open interest is set to expire.</b>In situations where there is a significant amount of expiring open interest in at-the-money strikes (strike prices at or very near the current stockprice), delta-hedging activity can impact the underlying stock’s trading that day. If market makers or other options traders who delta-hedge their positions are net long ATM options, expiration-related flow could have the effect of dampening stock price movements, causing the stock price to settle near the strike with large open interest. This situation is often referred to as a “pin” and can be an ideal situation fora large investor trying to enter/exit a stock position. Alternatively, if delta-hedgers are net short ATM options (have a “negative gamma” position), their hedging activity could exacerbate stock price moves.</p><p><blockquote>正如高盛的维沙尔·维韦克(Vishal Vivek)所写,在重大到期时,期权交易者会跟踪以下情况:<b>大量未平仓合约即将到期。</b>在平价执行(执行价格等于或非常接近当前股价)中存在大量到期未平仓合约的情况下,delta对冲活动可能会影响标的股票当天的交易。如果做市商或其他对其头寸进行delta对冲的期权交易者是净多头ATM期权,则与到期相关的流量可能会产生抑制股价走势的效果,导致股价以大量未平仓合约在行权附近结算。这种情况通常被称为“pin”,对于试图进入/退出股票头寸的大型投资者来说是理想的情况。或者,如果delta对冲者是ATM期权的净空头(具有“负伽马”头寸),他们的对冲活动可能会加剧股价波动。</blockquote></p><p>What that means it expiration-related trades may cause trading activity to aggressively pick up for stocks with a significant amount of ATM open interest.</p><p><blockquote>这意味着与到期相关的交易可能会导致具有大量ATM未平仓合约的股票的交易活动大幅回升。</blockquote></p><p>So to help traders looking to hop on for daytrading opportunities, here is a table identifying possible focus stocks with large ATM open interest expiring today, which is compared to the average daily volume of the underlying stocks. As Goldman puts it, \"<i>expiration-related activity is likely to have more of an impact if the open interest represents a significant percentage of the stock’s volume.\"</i></p><p><blockquote>因此,为了帮助寻求日内交易机会的交易者,这里有一个表格,列出了今天到期的ATM未平仓合约较大的可能焦点股票,并与标的股票的日均交易量进行了比较。正如高盛所说,“<i>如果未平仓合约占股票交易量的很大一部分,那么与到期相关的活动可能会产生更大的影响。”</i></blockquote></p><p><img src=\"https://static.tigerbbs.com/0dac61cb87c2f2700d8a0e8e64324f81\" tg-width=\"500\" tg-height=\"638\" referrerpolicy=\"no-referrer\">Finally, for what it's worth, this morning our friends at SpotGamma write that this has been a rather strange OPEX cycle, \"with a consistent almost mechanical bid pushing markets higher. We’ve not seen the Call Wall “breached” this many times before, but there are other aberrations that we’ve mentioned in previous notes – like net put sales. We’ve got some theories on this we are posting in a longer form piece.\"</p><p><blockquote>最后,值得一提的是,今天早上我们在SpotGamma的朋友写道,这是一个相当奇怪的运营支出周期,“持续的几乎机械的出价推动市场走高。我们以前从未见过看涨期权墙“突破”过很多次,但我们在之前的笔记中提到过其他异常现象,例如净看跌期权销售。我们对此有一些理论,我们将在一篇更长的文章中发布。”</blockquote></p><p>According to SG, because implied volatility has now compressed (ie VIX at new lows) there is now more potential for “long term” volatility. Recall how as of late any sharp, violent drop in markets was bought so quickly (see chart below).<b>These bursts lower coincided with record VIX spikes, but a reflective snap-back bid would bring a market recovery of equal force as the VIX (i.e. implied volatility) reversed.</b></p><p><blockquote>根据SG的说法,由于隐含波动率现在已经压缩(即VIX处于新低),现在“长期”波动的潜力更大。回想一下最近市场的任何剧烈下跌都是如何被如此迅速地买入的(见下图)。<b>这些大幅走低与创纪录的VIX飙升同时发生,但随着VIX(即隐含波动率)的逆转,反射性的snap回调将带来同等力度的市场复苏。</b></blockquote></p><p><img src=\"https://static.tigerbbs.com/ae7a60d873792b825bdda669cafa0ed3\" tg-width=\"500\" tg-height=\"297\" referrerpolicy=\"no-referrer\">And one other curious observation from SpotGamma:</p><p><blockquote>SpotGamma的另一个奇怪观察:</blockquote></p><p>When implied volatility is very high, its very sensitive to market moves and also signaling that markets are expecting more large moves ahead. As soon as markets would pause or catch a support level, that implied volatility would quickly reverse lower. <b>We often think of this analogy that if a shark stops swimming, it sinks ( partially true!). If the market stops dropping then Implied volatility sinks.</b>With this, as we often talk about, lower implied volatility (ie lower VIX) signals market makers have to buy back short hedges which fuels rallies. SG's conclusion: this current level of lower implied volatility now gives the market more downside firepower. Starting with a lower implied volatility “slows down” that responsive “snap-back” buying mechanism. Additionally, gamma is higher when IV is lower so gamma flips may have more juice.</p><p><blockquote>当隐含波动率非常高时,它对市场走势非常敏感,也表明市场预计未来会有更大的波动。一旦市场暂停或抓住支撑位,隐含波动率就会迅速反转走低。<b>我们经常想到这样一个类比,如果鲨鱼停止游泳,它就会下沉(部分正确!).如果市场停止下跌,那么隐含波动率就会下降。</b>正如我们经常谈论的那样,较低的隐含波动率(即较低的VIX)表明做市商必须回购空头对冲,从而推动反弹。SG的结论是:目前较低的隐含波动率水平给了市场更多的下行火力。从较低的隐含波动率开始会“减缓”反应性的“snap回”购买机制。此外,当IV较低时,伽马较高,因此伽马翻转可能有更多的果汁。</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>$544 Billion In Options Expire Today: Here's What Will Move<blockquote>5440亿美元期权今天到期:以下是将发生的变化</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\">\n$544 Billion In Options Expire Today: Here's What Will Move<blockquote>5440亿美元期权今天到期:以下是将发生的变化</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">zerohedge</strong><span class=\"h-time small\">2021-04-16 22:18</span>\n</p>\n</h4>\n</header>\n<article>\n<p>While it's not quad (or even triple) witching day, today's a whole lot of weekly options will expire, may of which will be worthless, and others will be providing a supporting \"pin\" to underlying prices. It's why, even though we are enjoying a beautiful spring week, Goldman notes that single stock options trading activity is elevated relative to historical levels. To wit, daily options volumes are up 70% in April, up from YTD lows of $2.4bn on 30-Mar.</p><p><blockquote>虽然这不是四(甚至三)巫术日,但今天的大量每周期权将到期,其中可能一文不值,其他期权将为基础价格提供支持“引脚”。这就是为什么,尽管我们正在享受一个美丽的春季周,高盛指出,单一股票期权交易活动相对于历史水平有所上升。也就是说,4月份每日期权交易量增长了70%,高于3月30日年初至今24亿美元的低点。</blockquote></p><p><b>In total, across single stocks, $544BN of options are set to expiry today, including $305BN calls.</b>As such, today’s expiry could be important for stocks with large open interest in at-the-money(ATM) options, as market makers delta-hedging their unusually large options portfolios will be active. This flow is likely to dampen volatility in some names while exacerbating stock price moves in others.</p><p><blockquote><b>总体而言,单个股票中有5440亿美元的期权将于今天到期,其中包括3050亿美元的评级。</b>因此,今天的到期对于平值(ATM)期权持有大量未平仓合约的股票可能很重要,因为做市商对其异常大的期权投资组合进行delta对冲将会很活跃。这种流动可能会抑制某些股票的波动,同时加剧其他股票的股价波动。</blockquote></p><p>How to trade this?</p><p><blockquote>这个怎么交易?</blockquote></p><p>As Goldman's Vishal Vivek writes, at major expirations, options traders track situations where<b>a large amount of open interest is set to expire.</b>In situations where there is a significant amount of expiring open interest in at-the-money strikes (strike prices at or very near the current stockprice), delta-hedging activity can impact the underlying stock’s trading that day. If market makers or other options traders who delta-hedge their positions are net long ATM options, expiration-related flow could have the effect of dampening stock price movements, causing the stock price to settle near the strike with large open interest. This situation is often referred to as a “pin” and can be an ideal situation fora large investor trying to enter/exit a stock position. Alternatively, if delta-hedgers are net short ATM options (have a “negative gamma” position), their hedging activity could exacerbate stock price moves.</p><p><blockquote>正如高盛的维沙尔·维韦克(Vishal Vivek)所写,在重大到期时,期权交易者会跟踪以下情况:<b>大量未平仓合约即将到期。</b>在平价执行(执行价格等于或非常接近当前股价)中存在大量到期未平仓合约的情况下,delta对冲活动可能会影响标的股票当天的交易。如果做市商或其他对其头寸进行delta对冲的期权交易者是净多头ATM期权,则与到期相关的流量可能会产生抑制股价走势的效果,导致股价以大量未平仓合约在行权附近结算。这种情况通常被称为“pin”,对于试图进入/退出股票头寸的大型投资者来说是理想的情况。或者,如果delta对冲者是ATM期权的净空头(具有“负伽马”头寸),他们的对冲活动可能会加剧股价波动。</blockquote></p><p>What that means it expiration-related trades may cause trading activity to aggressively pick up for stocks with a significant amount of ATM open interest.</p><p><blockquote>这意味着与到期相关的交易可能会导致具有大量ATM未平仓合约的股票的交易活动大幅回升。</blockquote></p><p>So to help traders looking to hop on for daytrading opportunities, here is a table identifying possible focus stocks with large ATM open interest expiring today, which is compared to the average daily volume of the underlying stocks. As Goldman puts it, \"<i>expiration-related activity is likely to have more of an impact if the open interest represents a significant percentage of the stock’s volume.\"</i></p><p><blockquote>因此,为了帮助寻求日内交易机会的交易者,这里有一个表格,列出了今天到期的ATM未平仓合约较大的可能焦点股票,并与标的股票的日均交易量进行了比较。正如高盛所说,“<i>如果未平仓合约占股票交易量的很大一部分,那么与到期相关的活动可能会产生更大的影响。”</i></blockquote></p><p><img src=\"https://static.tigerbbs.com/0dac61cb87c2f2700d8a0e8e64324f81\" tg-width=\"500\" tg-height=\"638\" referrerpolicy=\"no-referrer\">Finally, for what it's worth, this morning our friends at SpotGamma write that this has been a rather strange OPEX cycle, \"with a consistent almost mechanical bid pushing markets higher. We’ve not seen the Call Wall “breached” this many times before, but there are other aberrations that we’ve mentioned in previous notes – like net put sales. We’ve got some theories on this we are posting in a longer form piece.\"</p><p><blockquote>最后,值得一提的是,今天早上我们在SpotGamma的朋友写道,这是一个相当奇怪的运营支出周期,“持续的几乎机械的出价推动市场走高。我们以前从未见过看涨期权墙“突破”过很多次,但我们在之前的笔记中提到过其他异常现象,例如净看跌期权销售。我们对此有一些理论,我们将在一篇更长的文章中发布。”</blockquote></p><p>According to SG, because implied volatility has now compressed (ie VIX at new lows) there is now more potential for “long term” volatility. Recall how as of late any sharp, violent drop in markets was bought so quickly (see chart below).<b>These bursts lower coincided with record VIX spikes, but a reflective snap-back bid would bring a market recovery of equal force as the VIX (i.e. implied volatility) reversed.</b></p><p><blockquote>根据SG的说法,由于隐含波动率现在已经压缩(即VIX处于新低),现在“长期”波动的潜力更大。回想一下最近市场的任何剧烈下跌都是如何被如此迅速地买入的(见下图)。<b>这些大幅走低与创纪录的VIX飙升同时发生,但随着VIX(即隐含波动率)的逆转,反射性的snap回调将带来同等力度的市场复苏。</b></blockquote></p><p><img src=\"https://static.tigerbbs.com/ae7a60d873792b825bdda669cafa0ed3\" tg-width=\"500\" tg-height=\"297\" referrerpolicy=\"no-referrer\">And one other curious observation from SpotGamma:</p><p><blockquote>SpotGamma的另一个奇怪观察:</blockquote></p><p>When implied volatility is very high, its very sensitive to market moves and also signaling that markets are expecting more large moves ahead. As soon as markets would pause or catch a support level, that implied volatility would quickly reverse lower. <b>We often think of this analogy that if a shark stops swimming, it sinks ( partially true!). If the market stops dropping then Implied volatility sinks.</b>With this, as we often talk about, lower implied volatility (ie lower VIX) signals market makers have to buy back short hedges which fuels rallies. SG's conclusion: this current level of lower implied volatility now gives the market more downside firepower. Starting with a lower implied volatility “slows down” that responsive “snap-back” buying mechanism. Additionally, gamma is higher when IV is lower so gamma flips may have more juice.</p><p><blockquote>当隐含波动率非常高时,它对市场走势非常敏感,也表明市场预计未来会有更大的波动。一旦市场暂停或抓住支撑位,隐含波动率就会迅速反转走低。<b>我们经常想到这样一个类比,如果鲨鱼停止游泳,它就会下沉(部分正确!).如果市场停止下跌,那么隐含波动率就会下降。</b>正如我们经常谈论的那样,较低的隐含波动率(即较低的VIX)表明做市商必须回购空头对冲,从而推动反弹。SG的结论是:目前较低的隐含波动率水平给了市场更多的下行火力。从较低的隐含波动率开始会“减缓”反应性的“snap回”购买机制。此外,当IV较低时,伽马较高,因此伽马翻转可能有更多的果汁。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://www.zerohedge.com/markets/544-billion-options-expire-today-heres-what-will-move?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29\">zerohedge</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":{"SPY":"标普500ETF",".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.zerohedge.com/markets/544-billion-options-expire-today-heres-what-will-move?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1175692875","content_text":"While it's not quad (or even triple) witching day, today's a whole lot of weekly options will expire, may of which will be worthless, and others will be providing a supporting \"pin\" to underlying prices. It's why, even though we are enjoying a beautiful spring week, Goldman notes that single stock options trading activity is elevated relative to historical levels. To wit, daily options volumes are up 70% in April, up from YTD lows of $2.4bn on 30-Mar.In total, across single stocks, $544BN of options are set to expiry today, including $305BN calls.As such, today’s expiry could be important for stocks with large open interest in at-the-money(ATM) options, as market makers delta-hedging their unusually large options portfolios will be active. This flow is likely to dampen volatility in some names while exacerbating stock price moves in others.How to trade this?As Goldman's Vishal Vivek writes, at major expirations, options traders track situations wherea large amount of open interest is set to expire.In situations where there is a significant amount of expiring open interest in at-the-money strikes (strike prices at or very near the current stockprice), delta-hedging activity can impact the underlying stock’s trading that day. If market makers or other options traders who delta-hedge their positions are net long ATM options, expiration-related flow could have the effect of dampening stock price movements, causing the stock price to settle near the strike with large open interest. This situation is often referred to as a “pin” and can be an ideal situation fora large investor trying to enter/exit a stock position. Alternatively, if delta-hedgers are net short ATM options (have a “negative gamma” position), their hedging activity could exacerbate stock price moves.What that means it expiration-related trades may cause trading activity to aggressively pick up for stocks with a significant amount of ATM open interest.So to help traders looking to hop on for daytrading opportunities, here is a table identifying possible focus stocks with large ATM open interest expiring today, which is compared to the average daily volume of the underlying stocks. As Goldman puts it, \"expiration-related activity is likely to have more of an impact if the open interest represents a significant percentage of the stock’s volume.\"Finally, for what it's worth, this morning our friends at SpotGamma write that this has been a rather strange OPEX cycle, \"with a consistent almost mechanical bid pushing markets higher. We’ve not seen the Call Wall “breached” this many times before, but there are other aberrations that we’ve mentioned in previous notes – like net put sales. We’ve got some theories on this we are posting in a longer form piece.\"According to SG, because implied volatility has now compressed (ie VIX at new lows) there is now more potential for “long term” volatility. Recall how as of late any sharp, violent drop in markets was bought so quickly (see chart below).These bursts lower coincided with record VIX spikes, but a reflective snap-back bid would bring a market recovery of equal force as the VIX (i.e. implied volatility) reversed.And one other curious observation from SpotGamma:When implied volatility is very high, its very sensitive to market moves and also signaling that markets are expecting more large moves ahead. As soon as markets would pause or catch a support level, that implied volatility would quickly reverse lower. We often think of this analogy that if a shark stops swimming, it sinks ( partially true!). If the market stops dropping then Implied volatility sinks.With this, as we often talk about, lower implied volatility (ie lower VIX) signals market makers have to buy back short hedges which fuels rallies. SG's conclusion: this current level of lower implied volatility now gives the market more downside firepower. Starting with a lower implied volatility “slows down” that responsive “snap-back” buying mechanism. Additionally, gamma is higher when IV is lower so gamma flips may have more juice.","news_type":1,"symbols_score_info":{"SPY":0.9,".DJI":0.9,".SPX":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":739,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":602554549,"gmtCreate":1639046510468,"gmtModify":1639046511669,"author":{"id":"3561259559295872","authorId":"3561259559295872","name":"SquareGuy","avatar":"https://static.tigerbbs.com/c4aa86e9311a7ff0643a2e9f93645a8c","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3561259559295872","authorIdStr":"3561259559295872"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/602554549","repostId":"1192937541","repostType":4,"repost":{"id":"1192937541","kind":"news","pubTimestamp":1639045976,"share":"https://www.laohu8.com/m/news/1192937541?lang=zh_CN&edition=full","pubTime":"2021-12-09 18:32","market":"us","language":"en","title":"U.S. Stock Futures Wobble on Omicron Restrictions<blockquote>美国股指期货因奥密克戎限制而波动</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1192937541","media":"Wall Street Journal","summary":"U.S. stock futures edged down as investors assessed the latest headlines on restrictions to limit th","content":"<p>U.S. stock futures edged down as investors assessed the latest headlines on restrictions to limit the spread of the Omicron variant.</p><p><blockquote>由于投资者评估了有关限制奥密克戎变种传播的限制措施的最新头条新闻,美国股指期货小幅下跌。</blockquote></p><p> Futures tied to the S&P 500 retreated 0.3% Thursday, suggesting the broad-market index is set to pull back moderately after closing up 0.3% Wednesday. Dow Jones Industrial Average futures also slid 0.3% and Nasdaq-100 futures ticked down 0.2%.</p><p><blockquote>与标普500相关的期货周四下跌0.3%,表明大盘指数在周三收盘上涨0.3%后将小幅回调。道琼斯工业平均指数期货也下跌0.3%,纳斯达克100指数期货下跌0.2%。</blockquote></p><p> Stocks have swung in recent weeks, buffeted by conflicting headlines on the Omicron coronavirus variant and mixed signals on the health of the economy. Investors are still awaiting further data on the strain’s severity and vaccine efficacy. Some pharmaceutical companies including Pfizer and Glaxo Smith Kline have said this week that their shot and antibody treatment appears to work in early-stage studies.</p><p><blockquote>最近几周,受有关奥密克戎冠状病毒变种的相互矛盾的头条新闻和有关经济健康状况的混合信号的打击,股市出现波动。投资者仍在等待有关该毒株严重程度和疫苗效力的进一步数据。包括辉瑞和葛兰素史克在内的一些制药公司本周表示,他们的疫苗和抗体治疗在早期研究中似乎有效。</blockquote></p><p> European governments have moved to tighten restrictions, spurring concerns about setbacks to the economic recovery. U.K. Prime Minister Johnson outlined a new work-from-home mandate and mask guidelines on Wednesday evening. A study released by a Japanese scientist said the variant was four times more transmissible than the Delta strain.</p><p><blockquote>欧洲各国政府已采取行动收紧限制,引发人们对经济复苏受挫的担忧。英国首相约翰逊周三晚上概述了新的在家工作规定和口罩指南。日本科学家发布的一项研究称,该变种的传播力是德尔塔毒株的四倍。</blockquote></p><p> “There’s still a lot we don’t know, we’re waiting for details to emerge,” said Arun Sai, a multi-asset strategist at Pictet Asset Management. On restrictions, “as long as it’s temporary, it doesn’t completely derail the recovery. We now know the playbook. We’re talking about a one or two quarter postponement of a recovery in services, that’s the critical element that’s at risk here.”</p><p><blockquote>百达资产管理公司(Pictet Asset Management)多资产策略师阿伦·赛(Arun Sai)表示:“还有很多事情我们不知道,我们正在等待细节的出现。”关于限制,“只要是暂时的,就不会完全破坏复苏。我们现在知道了剧本。我们谈论的是服务业复苏推迟一两个季度,这是这里面临风险的关键因素。”</blockquote></p><p> The yield on the benchmark 10-year Treasury note edged down to 1.494% Thursday from 1.508% Wednesday.</p><p><blockquote>基准10年期国债收益率从周三的1.508%小幅降至周四的1.494%。</blockquote></p><p> China’s producer-price index showed a 12.9% increase in November from a year earlier, a decline from the previous month but still more than economists expected. Consumer prices also rose.</p><p><blockquote>11月份中国生产者价格指数同比上涨12.消费价格也有所上涨。</blockquote></p><p> “Factory gate prices only showed modest signs of slowing,” which may signal that higher inflation will remain in place in the coming months, said Michael Hewson, a chief markets analyst at CMC Markets. China’s producer prices drive consumer prices around the world, he added.</p><p><blockquote>CMC Markets首席市场分析师迈克尔·休森(Michael Hewson)表示,“出厂价格仅显示出温和放缓的迹象”,这可能表明未来几个月通胀将持续走高。他补充说,中国的生产者价格推动了世界各地的消费者价格。</blockquote></p><p> In Asia, major benchmarks were mixed. The Shanghai Composite Index advanced 1%, while Hong Kong’s Hang Seng Index climbed 1.1%. Japan’s Nikkei 225 slid 0.5%, boosted by gains in technology stocks.</p><p><blockquote>在亚洲,主要基准涨跌互现。上证综合指数上涨1%,恒生指数上涨1.1%。受科技股上涨提振,日本日经225指数下跌0.5%。</blockquote></p><p> In Europe, the pan-continental Stoxx Europe 600 ticked up 0.2%. Rolls Royce shares declined 4.4% after the company released an update that showed it had a long way to go before meeting its cash-flow target and which will depend on international travel being allowed, Mr. Hewson said.</p><p><blockquote>在欧洲,泛大陆斯托克欧洲600指数上涨0.2%。休森表示,劳斯莱斯发布更新后,该公司股价下跌4.4%,该公司距离实现现金流目标还有很长的路要走,这将取决于是否允许国际旅行。</blockquote></p><p> In the U.S., cloud-computing firmOracle, network company Broadcom and wholesaler Costco are set to report Thursday after market close. Popular meme stock GameStop declined 3.2% in off-hours trading after the company posted earnings that showed a widening loss last quarter.</p><p><blockquote>在美国,云计算公司甲骨文、网络公司博通和批发商好市多将于周四收盘后发布报告。热门模因股票游戏驿站在盘后交易中下跌3.2%,此前该公司公布的财报显示上季度亏损扩大。</blockquote></p><p> “Earnings have been strong overall, it’s a really positive underlying driver for equity markets,” said Kiran Ganesh, a multi-asset strategist at UBS Global Wealth Management.</p><p><blockquote>瑞银全球财富管理多资产策略师基兰·加内什(Kiran Ganesh)表示:“整体盈利强劲,这对股市来说是一个非常积极的潜在驱动因素。”</blockquote></p><p> Shares of Amazon.com declined 0.2% premarket after the Italian government fined it $1.3 billion for alleged abuse of market dominance. The European Union is also investigating the e-commerce giant in a similar antitrust case.</p><p><blockquote>亚马逊股价盘前下跌0.2%,此前意大利政府因涉嫌滥用市场支配地位对其处以13亿美元罚款。欧盟也在类似的反垄断案件中调查这家电子商务巨头。</blockquote></p><p> Fresh data on U.S. jobless claims, a proxy for layoffs, is set to go out at 8:30 a.m. ET. Economists are forecasting that the level will remain near pandemic lows. It has come close to the pre-pandemic average in recent weeks in a sign that the labor market is improving.</p><p><blockquote>代表裁员的美国初请失业金人数的最新数据将于美国东部时间上午8:30公布。经济学家预测,这一水平将保持在疫情低点附近。最近几周已接近大流行前的平均水平,表明劳动力市场正在改善。</blockquote></p><p> Oil prices wavered between small gains and losses. Global benchmark Brent crude declined 0.2% and traded at $75.61 a barrel. It has risen more than 8% this week, lifted by early indications that the Omicron variant may not weigh on energy demand as much as feared, according to analysts at ANZ.</p><p><blockquote>油价在小幅涨跌之间波动。全球基准布伦特原油下跌0.2%,至每桶75.61美元。澳新银行分析师表示,由于早期迹象表明奥密克戎变种可能不会像人们担心的那样对能源需求造成压力,本周该股已上涨超过8%。</blockquote></p><p> Bitcoin reversed direction after four days of gains, slipping 2% from its level at 5 p.m. Wednesday. It traded below $50,000, a 28% drop from its record high set in November.</p><p><blockquote>比特币在连续四天上涨后逆转方向,较下午5点的水平下跌2%。星期三。其交易价格低于50,000美元,较11月份创下的历史高点下跌了28%。</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. Stock Futures Wobble on Omicron Restrictions<blockquote>美国股指期货因奥密克戎限制而波动</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\">\nU.S. Stock Futures Wobble on Omicron Restrictions<blockquote>美国股指期货因奥密克戎限制而波动</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Wall Street Journal</strong><span class=\"h-time small\">2021-12-09 18:32</span>\n</p>\n</h4>\n</header>\n<article>\n<p>U.S. stock futures edged down as investors assessed the latest headlines on restrictions to limit the spread of the Omicron variant.</p><p><blockquote>由于投资者评估了有关限制奥密克戎变种传播的限制措施的最新头条新闻,美国股指期货小幅下跌。</blockquote></p><p> Futures tied to the S&P 500 retreated 0.3% Thursday, suggesting the broad-market index is set to pull back moderately after closing up 0.3% Wednesday. Dow Jones Industrial Average futures also slid 0.3% and Nasdaq-100 futures ticked down 0.2%.</p><p><blockquote>与标普500相关的期货周四下跌0.3%,表明大盘指数在周三收盘上涨0.3%后将小幅回调。道琼斯工业平均指数期货也下跌0.3%,纳斯达克100指数期货下跌0.2%。</blockquote></p><p> Stocks have swung in recent weeks, buffeted by conflicting headlines on the Omicron coronavirus variant and mixed signals on the health of the economy. Investors are still awaiting further data on the strain’s severity and vaccine efficacy. Some pharmaceutical companies including Pfizer and Glaxo Smith Kline have said this week that their shot and antibody treatment appears to work in early-stage studies.</p><p><blockquote>最近几周,受有关奥密克戎冠状病毒变种的相互矛盾的头条新闻和有关经济健康状况的混合信号的打击,股市出现波动。投资者仍在等待有关该毒株严重程度和疫苗效力的进一步数据。包括辉瑞和葛兰素史克在内的一些制药公司本周表示,他们的疫苗和抗体治疗在早期研究中似乎有效。</blockquote></p><p> European governments have moved to tighten restrictions, spurring concerns about setbacks to the economic recovery. U.K. Prime Minister Johnson outlined a new work-from-home mandate and mask guidelines on Wednesday evening. A study released by a Japanese scientist said the variant was four times more transmissible than the Delta strain.</p><p><blockquote>欧洲各国政府已采取行动收紧限制,引发人们对经济复苏受挫的担忧。英国首相约翰逊周三晚上概述了新的在家工作规定和口罩指南。日本科学家发布的一项研究称,该变种的传播力是德尔塔毒株的四倍。</blockquote></p><p> “There’s still a lot we don’t know, we’re waiting for details to emerge,” said Arun Sai, a multi-asset strategist at Pictet Asset Management. On restrictions, “as long as it’s temporary, it doesn’t completely derail the recovery. We now know the playbook. We’re talking about a one or two quarter postponement of a recovery in services, that’s the critical element that’s at risk here.”</p><p><blockquote>百达资产管理公司(Pictet Asset Management)多资产策略师阿伦·赛(Arun Sai)表示:“还有很多事情我们不知道,我们正在等待细节的出现。”关于限制,“只要是暂时的,就不会完全破坏复苏。我们现在知道了剧本。我们谈论的是服务业复苏推迟一两个季度,这是这里面临风险的关键因素。”</blockquote></p><p> The yield on the benchmark 10-year Treasury note edged down to 1.494% Thursday from 1.508% Wednesday.</p><p><blockquote>基准10年期国债收益率从周三的1.508%小幅降至周四的1.494%。</blockquote></p><p> China’s producer-price index showed a 12.9% increase in November from a year earlier, a decline from the previous month but still more than economists expected. Consumer prices also rose.</p><p><blockquote>11月份中国生产者价格指数同比上涨12.消费价格也有所上涨。</blockquote></p><p> “Factory gate prices only showed modest signs of slowing,” which may signal that higher inflation will remain in place in the coming months, said Michael Hewson, a chief markets analyst at CMC Markets. China’s producer prices drive consumer prices around the world, he added.</p><p><blockquote>CMC Markets首席市场分析师迈克尔·休森(Michael Hewson)表示,“出厂价格仅显示出温和放缓的迹象”,这可能表明未来几个月通胀将持续走高。他补充说,中国的生产者价格推动了世界各地的消费者价格。</blockquote></p><p> In Asia, major benchmarks were mixed. The Shanghai Composite Index advanced 1%, while Hong Kong’s Hang Seng Index climbed 1.1%. Japan’s Nikkei 225 slid 0.5%, boosted by gains in technology stocks.</p><p><blockquote>在亚洲,主要基准涨跌互现。上证综合指数上涨1%,恒生指数上涨1.1%。受科技股上涨提振,日本日经225指数下跌0.5%。</blockquote></p><p> In Europe, the pan-continental Stoxx Europe 600 ticked up 0.2%. Rolls Royce shares declined 4.4% after the company released an update that showed it had a long way to go before meeting its cash-flow target and which will depend on international travel being allowed, Mr. Hewson said.</p><p><blockquote>在欧洲,泛大陆斯托克欧洲600指数上涨0.2%。休森表示,劳斯莱斯发布更新后,该公司股价下跌4.4%,该公司距离实现现金流目标还有很长的路要走,这将取决于是否允许国际旅行。</blockquote></p><p> In the U.S., cloud-computing firmOracle, network company Broadcom and wholesaler Costco are set to report Thursday after market close. Popular meme stock GameStop declined 3.2% in off-hours trading after the company posted earnings that showed a widening loss last quarter.</p><p><blockquote>在美国,云计算公司甲骨文、网络公司博通和批发商好市多将于周四收盘后发布报告。热门模因股票游戏驿站在盘后交易中下跌3.2%,此前该公司公布的财报显示上季度亏损扩大。</blockquote></p><p> “Earnings have been strong overall, it’s a really positive underlying driver for equity markets,” said Kiran Ganesh, a multi-asset strategist at UBS Global Wealth Management.</p><p><blockquote>瑞银全球财富管理多资产策略师基兰·加内什(Kiran Ganesh)表示:“整体盈利强劲,这对股市来说是一个非常积极的潜在驱动因素。”</blockquote></p><p> Shares of Amazon.com declined 0.2% premarket after the Italian government fined it $1.3 billion for alleged abuse of market dominance. The European Union is also investigating the e-commerce giant in a similar antitrust case.</p><p><blockquote>亚马逊股价盘前下跌0.2%,此前意大利政府因涉嫌滥用市场支配地位对其处以13亿美元罚款。欧盟也在类似的反垄断案件中调查这家电子商务巨头。</blockquote></p><p> Fresh data on U.S. jobless claims, a proxy for layoffs, is set to go out at 8:30 a.m. ET. Economists are forecasting that the level will remain near pandemic lows. It has come close to the pre-pandemic average in recent weeks in a sign that the labor market is improving.</p><p><blockquote>代表裁员的美国初请失业金人数的最新数据将于美国东部时间上午8:30公布。经济学家预测,这一水平将保持在疫情低点附近。最近几周已接近大流行前的平均水平,表明劳动力市场正在改善。</blockquote></p><p> Oil prices wavered between small gains and losses. Global benchmark Brent crude declined 0.2% and traded at $75.61 a barrel. It has risen more than 8% this week, lifted by early indications that the Omicron variant may not weigh on energy demand as much as feared, according to analysts at ANZ.</p><p><blockquote>油价在小幅涨跌之间波动。全球基准布伦特原油下跌0.2%,至每桶75.61美元。澳新银行分析师表示,由于早期迹象表明奥密克戎变种可能不会像人们担心的那样对能源需求造成压力,本周该股已上涨超过8%。</blockquote></p><p> Bitcoin reversed direction after four days of gains, slipping 2% from its level at 5 p.m. Wednesday. It traded below $50,000, a 28% drop from its record high set in November.</p><p><blockquote>比特币在连续四天上涨后逆转方向,较下午5点的水平下跌2%。星期三。其交易价格低于50,000美元,较11月份创下的历史高点下跌了28%。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://www.wsj.com/articles/global-stock-markets-dow-update-12-09-2021-11639038586?mod=markets_lead_pos4\">Wall Street Journal</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.wsj.com/articles/global-stock-markets-dow-update-12-09-2021-11639038586?mod=markets_lead_pos4","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1192937541","content_text":"U.S. stock futures edged down as investors assessed the latest headlines on restrictions to limit the spread of the Omicron variant.\nFutures tied to the S&P 500 retreated 0.3% Thursday, suggesting the broad-market index is set to pull back moderately after closing up 0.3% Wednesday. Dow Jones Industrial Average futures also slid 0.3% and Nasdaq-100 futures ticked down 0.2%.\nStocks have swung in recent weeks, buffeted by conflicting headlines on the Omicron coronavirus variant and mixed signals on the health of the economy. Investors are still awaiting further data on the strain’s severity and vaccine efficacy. Some pharmaceutical companies including Pfizer and Glaxo Smith Kline have said this week that their shot and antibody treatment appears to work in early-stage studies.\nEuropean governments have moved to tighten restrictions, spurring concerns about setbacks to the economic recovery. U.K. Prime Minister Johnson outlined a new work-from-home mandate and mask guidelines on Wednesday evening. A study released by a Japanese scientist said the variant was four times more transmissible than the Delta strain.\n“There’s still a lot we don’t know, we’re waiting for details to emerge,” said Arun Sai, a multi-asset strategist at Pictet Asset Management. On restrictions, “as long as it’s temporary, it doesn’t completely derail the recovery. We now know the playbook. We’re talking about a one or two quarter postponement of a recovery in services, that’s the critical element that’s at risk here.”\nThe yield on the benchmark 10-year Treasury note edged down to 1.494% Thursday from 1.508% Wednesday.\nChina’s producer-price index showed a 12.9% increase in November from a year earlier, a decline from the previous month but still more than economists expected. Consumer prices also rose.\n“Factory gate prices only showed modest signs of slowing,” which may signal that higher inflation will remain in place in the coming months, said Michael Hewson, a chief markets analyst at CMC Markets. China’s producer prices drive consumer prices around the world, he added.\nIn Asia, major benchmarks were mixed. The Shanghai Composite Index advanced 1%, while Hong Kong’s Hang Seng Index climbed 1.1%. Japan’s Nikkei 225 slid 0.5%, boosted by gains in technology stocks.\nIn Europe, the pan-continental Stoxx Europe 600 ticked up 0.2%. Rolls Royce shares declined 4.4% after the company released an update that showed it had a long way to go before meeting its cash-flow target and which will depend on international travel being allowed, Mr. Hewson said.\nIn the U.S., cloud-computing firmOracle, network company Broadcom and wholesaler Costco are set to report Thursday after market close. Popular meme stock GameStop declined 3.2% in off-hours trading after the company posted earnings that showed a widening loss last quarter.\n“Earnings have been strong overall, it’s a really positive underlying driver for equity markets,” said Kiran Ganesh, a multi-asset strategist at UBS Global Wealth Management.\nShares of Amazon.com declined 0.2% premarket after the Italian government fined it $1.3 billion for alleged abuse of market dominance. The European Union is also investigating the e-commerce giant in a similar antitrust case.\nFresh data on U.S. jobless claims, a proxy for layoffs, is set to go out at 8:30 a.m. ET. Economists are forecasting that the level will remain near pandemic lows. It has come close to the pre-pandemic average in recent weeks in a sign that the labor market is improving.\nOil prices wavered between small gains and losses. Global benchmark Brent crude declined 0.2% and traded at $75.61 a barrel. It has risen more than 8% this week, lifted by early indications that the Omicron variant may not weigh on energy demand as much as feared, according to analysts at ANZ.\nBitcoin reversed direction after four days of gains, slipping 2% from its level at 5 p.m. Wednesday. It traded below $50,000, a 28% drop from its record high set in November.","news_type":1,"symbols_score_info":{".SPX":0.9,".DJI":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":727,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":871890979,"gmtCreate":1637046368130,"gmtModify":1637046368641,"author":{"id":"3561259559295872","authorId":"3561259559295872","name":"SquareGuy","avatar":"https://static.tigerbbs.com/c4aa86e9311a7ff0643a2e9f93645a8c","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3561259559295872","authorIdStr":"3561259559295872"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/CEDU.SI\">$DASIN RETAIL TRUST(CEDU.SI)$</a>who is holding it from ipo of 80cents ? in 2017 right? if I remember correctly.","listText":"<a href=\"https://laohu8.com/S/CEDU.SI\">$DASIN RETAIL TRUST(CEDU.SI)$</a>who is holding it from ipo of 80cents ? in 2017 right? if I remember correctly.","text":"$DASIN RETAIL TRUST(CEDU.SI)$who is holding it from ipo of 80cents ? in 2017 right? if I remember correctly.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":5,"repostSize":0,"link":"https://laohu8.com/post/871890979","isVote":1,"tweetType":1,"viewCount":843,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":158119003,"gmtCreate":1625135695702,"gmtModify":1633944416769,"author":{"id":"3561259559295872","authorId":"3561259559295872","name":"SquareGuy","avatar":"https://static.tigerbbs.com/c4aa86e9311a7ff0643a2e9f93645a8c","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3561259559295872","authorIdStr":"3561259559295872"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AMZN\">$Amazon.com(AMZN)$</a> I am not giving up...bought from 1600 to 3k, yes! Real test of patience !","listText":"<a href=\"https://laohu8.com/S/AMZN\">$Amazon.com(AMZN)$</a> I am not giving up...bought from 1600 to 3k, yes! Real test of patience !","text":"$Amazon.com(AMZN)$ I am not giving up...bought from 1600 to 3k, yes! Real test of patience !","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/158119003","repostId":"1113357649","repostType":2,"repost":{"id":"1113357649","kind":"news","pubTimestamp":1625133776,"share":"https://www.laohu8.com/m/news/1113357649?lang=zh_CN&edition=full","pubTime":"2021-07-01 18:02","market":"us","language":"en","title":"Amazon: Undervalued With Potential Upside Of 25%<blockquote>亚马逊:被低估,潜在上涨空间为25%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1113357649","media":"seekingalpha","summary":"Amazon is a unique and growing company that uses its disruptive platform to disrupt any new business it enters.I initiate Amazon with a bullish rating and a fair value of $3576/share .The company's improving top line and bottom line performance suggests that the stock is currently undervalued by 3.9%.Amazon, a $1.74 trillion company. This is the current market capitalization of the company and this implies that it is currently 15.18% away from being a $2 trillion company, not bad no?I initiate","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul> <li>Amazon is a unique and growing company that uses its disruptive platform to disrupt any new business it enters.</li> <li>I initiate Amazon with a bullish rating and a fair value of $3576/share (vs. the current price of $3443/share).</li> <li>The company's improving top line and bottom line performance (which is expected to continue) suggests that the stock is currently undervalued by 3.9%.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/51ce52baed5afae04a384059297465d3\" tg-width=\"1536\" tg-height=\"1024\"><span>Daria Nipot/iStock Editorial via Getty Images</span></p><p><blockquote><ul><li>亚马逊是一家独特且不断发展的公司,它利用其颠覆性平台来颠覆其进入的任何新业务。</li><li>我对亚马逊的评级为看涨,公允价值为3576美元/股(当前价格为3443美元/股)。</li><li>该公司营收和利润业绩的改善(预计将持续下去)表明该股目前被低估了3.9%。</li></ul><p class=\"t-img-caption\"><span>Daria Nipot/iStock社论来自Getty Images</span></p></blockquote></p><p> <b>Company Overview</b></p><p><blockquote><b>公司概况</b></blockquote></p><p> Amazon(NASDAQ:AMZN), a $1.74 trillion company. This is the current market capitalization (as of 06/29/2021) of the company and this implies that it is currently 15.18% away from being a $2 trillion company, not bad no?</p><p><blockquote>亚马逊(纳斯达克股票代码:AMZN),一家市值1.74万亿美元的公司。这是该公司目前的市值(截至2021年6月29日),这意味着它目前距离成为2万亿美元的公司还有15.18%的距离,还不错吧?</blockquote></p><p> Amazon is a unique and growing company that uses its disruptive platform to disrupt any new business it enters. For example, when Amazon announced the acquisition of Whole Foods, Walmart(NYSE:WMT), Kroger(NYSE:KR), Target(NYSE:TGT)took a nice hit in market value. I believe that the company will be able to keep delivering strong top line growth and continued growth in margins, fueled not only by the company's current business expansion but also by entering into new markets and new businesses.</p><p><blockquote>亚马逊是一家独特且不断发展的公司,它利用其颠覆性平台来颠覆其进入的任何新业务。例如,当亚马逊宣布收购全食超市时,沃尔玛(纽约证券交易所代码:WMT)、克罗格(纽约证券交易所代码:KR)、塔吉特(纽约证券交易所代码:TGT)的市值遭受了巨大打击。我相信,公司将能够继续实现强劲的营收增长和利润率的持续增长,这不仅得益于公司当前的业务扩张,还得益于进入新市场和新业务。</blockquote></p><p> <b>Company Analysis</b></p><p><blockquote><b>公司分析</b></blockquote></p><p> I initiate Amazon with a bullish rating and a fair value of $3576/share (vs. the current price of $3443/share). The FV is an algorithm-adjusted fair value (the algorithm takes into account fundamental and technical factors, such as DCF FV, momentum, etc.) and it implies that the stock is undervalued by 3.9%.</p><p><blockquote>我对亚马逊的评级为看涨,公允价值为3576美元/股(当前价格为3443美元/股)。FV是算法调整后的公允价值(算法考虑了基本面和技术因素,如DCF FV、动量等。)它意味着股票被低估了3.9%。</blockquote></p><p> To compute the DCF FV, I used the trailing twelve-month numbers and I also restated the financials since I capitalized on R&D expenses with an amortizable life of 3 years. As with Apple(NASDAQ:AAPL), I don't believe that Amazon's R&D is an operating expense, and for this reason, I treat it as CapEx. By taking into account the R&D, the following metrics have been restated (all numbers in $mm).</p><p><blockquote>为了计算DCF FV,我使用了过去12个月的数据,并且我还重述了财务数据,因为我将可摊销期限为3年的研发费用资本化。与苹果(纳斯达克股票代码:AAPL)一样,我不认为亚马逊的研发是一项运营费用,因此,我将其视为资本支出。考虑到研发,以下指标已被重述(所有数字均以百万美元为单位)。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bb427d462596db1e1cb1ffc99acc90e4\" tg-width=\"571\" tg-height=\"240\"><span>Source:Author's estimates using data from the latest 10-K report</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源:作者使用最新10-K报告数据进行的估计</span></p></blockquote></p><p> Capitalizing on R&D expenses, we have now a more clear picture of the company (i.e. the restated operating margin is now 9.03% TTM vs the non-restated operating margin is 6.63% TTM).</p><p><blockquote>利用研发费用,我们现在对公司有了更清晰的了解(即重述营业利润率现在为9.03%TTM,而非重述营业利润率为6.63%TTM)。</blockquote></p><p> <b>Discounted Cash Flow Model</b></p><p><blockquote><b>折现现金流量模型</b></blockquote></p><p> Now, let's turn to the discounted cash flow valuation part. Below, you can see the results with the relative assumptions I have made.</p><p><blockquote>现在,让我们转向贴现现金流估值部分。下面,你可以看到我所做的相对假设的结果。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0e215b21ca0b3be5a5e0e7b62e36fb5f\" tg-width=\"640\" tg-height=\"268\"><span>Source:Author's estimates using data from the latest 10-K report</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源:作者使用最新10-K报告数据进行的估计</span></p></blockquote></p><p> In my DCF model, I assume a revenue growth for the Y1 of 21.2%, a CAGR Y2-Y5 of 15% and I assume a terminal year growth rate of 1.48% (or the current yield on 10Y Treasury). The decision of using the current and not expected yield is due to the willingness to remain market neutral (perhaps you can use Goldman Sachs expectations of 1.9%). The current assumptions lead to revenues of $1,253,844 million in Y10.</p><p><blockquote>在我的DCF模型中,我假设Y1的收入增长率为21.2%,Y2-Y5的复合年增长率为15%,并假设最终年增长率为1.48%(或10年期国债的当前收益率)。使用当前而非预期收益率的决定是出于保持市场中性的意愿(或许可以使用高盛1.9%的预期)。目前的假设导致Y10的收入为12,538.44亿美元。</blockquote></p><p> Along the road, I also assume an improving outlook for operating margins with the target operating margin of 13.2% (vs current restated operating margin of 9.03%). If the company will be able to meet this target, it will result in operating margins in Y10 of $163,097 million.</p><p><blockquote>在此过程中,我还假设营业利润率前景有所改善,目标营业利润率为13.2%(当前重述营业利润率为9.03%)。如果公司能够实现这一目标,2010年的营业利润率将达到1630.97亿美元。</blockquote></p><p> Finally, in doing my estimates, I used a WACC of 5.75% and a sales to capital ratio (or how much the company is going to reinvest to keep its business growing) of 2.95.</p><p><blockquote>最后,在进行估计时,我使用了5.75%的WACC和2.95的销售资本比率(或公司将进行多少再投资以保持业务增长)。</blockquote></p><p> By putting it together, I obtain a DCF value of $3328/share.</p><p><blockquote>通过将它们放在一起,我获得了3328美元/股的DCF值。</blockquote></p><p> <b>Monte Carlo Simulation</b></p><p><blockquote><b>蒙特卡罗模拟</b></blockquote></p><p> Rather than showing you only my point estimates, which may be right but also may be wrong, let's use probability distributions for inputs. Simulations allow us to assess the impact of continuous risk (e.g., changes in operating margins). In particular, I would like to focus on what I consider the main inputs of interest to get a bigger picture of the risk in the company. Those inputs are:</p><p><blockquote>与其只向您展示我的点估计,这可能是正确的,也可能是错误的,让我们使用概率分布作为输入。模拟使我们能够评估持续风险的影响(例如,营业利润率的变化)。特别是,我想重点关注我认为感兴趣的主要输入,以更好地了解公司的风险。这些输入是:</blockquote></p><p> <i>1. Revenue Growth:</i></p><p><blockquote><i>1、营收增长:</i></blockquote></p><p></p><p> In my DCF analysis, I assumed an expected CAGR Y2-Y5 of 15% with lower rates going forward. This assumption lead to revenues in Y10 of $1,253,844 million. While it is a reasonable assumption, Amazon is full of surprises, and it may deliver a top line growth well above my expectations. In the latter, I see a possible scenario with a CAGR Y2-Y5 of 24%, resulting in Y10 revenues of $1,989,952 million. However, we all know that regulators represent a big risk for the company. According to WSJ sources, if the \"giant-tech bill\" will pass, the company may be forced to either split into two companies or spin off its private-label product businesses. This represents a big risk that may slow down Amazon's growth, which could translate into a growth rate of 6% (resulting in Y10 revenues of $764,723 million). To sum up, I will assume a uniform distribution with a maximum of 24% and a minimum of 6%. The results are displayed below (this simulation and the next one have been performed 10,000 times).</p><p><blockquote>在我的DCF分析中,我假设Y2-Y5的预期复合年增长率为15%,未来利率较低。这一假设导致2010年的收入为125,384.4亿美元。虽然这是一个合理的假设,但亚马逊充满了惊喜,它可能会实现远高于我预期的营收增长。在后者中,我认为CAGR Y2-Y5为24%,导致Y10收入为1,9899.52亿美元。然而,我们都知道监管机构对公司来说是一个很大的风险。据《华尔街日报》消息人士透露,如果“巨人科技法案”获得通过,该公司可能会被迫拆分为两家公司或剥离其自有品牌产品业务。这是一个很大的风险,可能会减缓亚马逊的增长,这可能会转化为6%的增长率(导致Y10收入为7647.23亿美元)。综上所述,我将假设最大24%,最小6%的均匀分布。结果如下所示(该模拟和下一个模拟已经执行了10,000次)。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/893dff753c8ca210759feb31b3966a5c\" tg-width=\"640\" tg-height=\"235\"><span>Source:Author's estimates</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源:作者估计</span></p></blockquote></p><p> <i>2. Operating Margin</i>:</p><p><blockquote><i>2.营业利润率</i>:</blockquote></p><p> Currently, Amazon has a restated operating margin of 9.03% TTM (vs not restated EBIT margin of 6.83%). In my DCF, I assumed a target operating margin of 13.2%. While this represents my most likely scenario for the company, I cannot close my eyes to the fact that, even if the company is improving its margins, it is following a very slow climb. Below, I display the non-restated EBIT margin for the last 5 years.</p><p><blockquote>目前,亚马逊的TTM重述营业利润率为9.03%(未重述息税前利润率为6.83%)。在我的DCF中,我假设目标营业利润率为13.2%。虽然这代表了我对该公司最有可能的情况,但我不能忽视这样一个事实:即使该公司的利润率正在提高,但它的攀升速度也非常缓慢。下面,我显示了过去5年未经重述的息税前利润率。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6d66fcb05f4254b15de278f016121ffa\" tg-width=\"640\" tg-height=\"221\"><span>Source:SeekingAlpha.com</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源:SeekingAlpha.com</span></p></blockquote></p><p> However, as I stated at the beginning, Amazon is a disruptive company with the ability to do extraordinary things. For instance, AWS presents a current operating margin of 30% TTM and a revenue growth rate of 29.53% in 2020. A trend which is expected to continue, driven by improving outlook and with new partners joining the party. The last to join the party are Ferrari(NYSE:RACE)and Swisscom(OTCPK:SWZCF)who have chosen AWS as their preferred cloud partner.</p><p><blockquote>不过,正如我开头所说,亚马逊是一家颠覆性的公司,有能力做非凡的事情。例如,AWS目前的营业利润率为30%TTM,2020年收入增长率为29.53%。由于前景改善以及有新伙伴加入党,这一趋势有望持续。最后一个加入派对的是法拉利(纽约证券交易所代码:RACE)和瑞士电信(OTCPK代码:SWZCF),他们选择AWS作为首选的云合作伙伴。</blockquote></p><p> In 2020,according to Gartner, AWS generated revenue 2 times bigger than Microsoft(NASDAQ:MSFT). As stated by Gartner:</p><p><blockquote>根据Gartner的数据,2020年AWS的收入是微软(纳斯达克:MSFT)的2倍。如Gartner所述:</blockquote></p><p> <i>The worldwide</i> <i>infrastructure as a service(IaaS) market grew 40.7% in 2020 to total $64.3 billion, up from $45.7 billion in 2019, according to Gartner, Inc. Amazon retained the No. 1 position in the IaaS market in 2020, followed by Microsoft, Alibaba, Google and Huawei... Amazon continued to lead the worldwide IaaS market with $26.2 billion of revenue in 2020 and 41% market share.</i> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ac00a17cbbd930ad6464a63f6d4f98eb\" tg-width=\"640\" tg-height=\"388\"><span>Source:Gartner.com</span></p><p><blockquote><i>世界范围</i> <i>根据Gartner,Inc.的数据,基础设施即服务(IaaS)市场在2020年增长了40.7%,达到643亿美元,高于2019年的457亿美元。亚马逊在2020年保持了IaaS市场的第一名,其次是微软、阿里巴巴-SW、谷歌和华为...亚马逊在2020年以262亿美元的收入和41%的市场份额继续引领全球IaaS市场。</i><p class=\"t-img-caption\"><span>资料来源:Gartner.com</span></p></blockquote></p><p> Finally, to account for my concerns and beliefs, I will assume a triangular distribution with the following limits: the likeliest target operating margin of 13.2%, a maximum of 18.4%, and a minimum of 8% (close to the current company's EBIT margin). The results are displayed below.</p><p><blockquote>最后,为了说明我的担忧和信念,我将假设一个三角形分布,并有以下限制:最可能的目标营业利润率为13.2%,最高为18.4%,最低为8%(接近当前公司的息税前利润率)。结果如下所示。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/054e2db392be500768de741516186013\" tg-width=\"640\" tg-height=\"237\"><span>Source:Author's estimates</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源:作者估计</span></p></blockquote></p><p> <i>3. Cost of Capital:</i></p><p><blockquote><i>3.资金成本:</i></blockquote></p><p> The last input of interest is the cost of capital. In doing my analysis, I estimated a cost of capital of 5.8% (with the current 10Y rate of 1.48 and an implied ERP of 4.54%). However, I may be wrong due to sector risk estimates or changes in the business mix (or both). To account for the possibility that I made some mistakes along the road, I will rely on a lognormal distribution with the most likely scenario of 5.8%. The results of the simulation are displayed below.</p><p><blockquote>利息的最后一个输入是资本成本。在进行分析时,我估计资本成本为5.8%(当前10年利率为1.48,隐含ERP为4.54%)。然而,由于行业风险估计或业务组合的变化(或两者兼而有之),我可能是错误的。为了说明我在这条路上犯了一些错误的可能性,我将依赖对数正态分布,最有可能的情况是5.8%。模拟结果如下所示。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a7d51740fa35eb9aedbc58c4c49d96eb\" tg-width=\"640\" tg-height=\"235\"><span>Source:Author's estimates</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源:作者估计</span></p></blockquote></p><p> By putting all of this together, the simulations return the following results.</p><p><blockquote>通过将所有这些放在一起,模拟返回以下结果。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/139c89300706eab1e37dd1c992286d31\" tg-width=\"640\" tg-height=\"222\"><span>Source:Author's estimates</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源:作者估计</span></p></blockquote></p><p> For completeness, I also display below the relative and cumulative frequency of the simulation.</p><p><blockquote>为了完整起见,我还在下面显示了模拟的相对频率和累积频率。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/af7a908e21b8678a775a3e1742161a7d\" tg-width=\"573\" tg-height=\"644\"><span>Source:Author's estimates</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源:作者估计</span></p></blockquote></p><p> By looking at the results, we can see that the 50th percentile or the median is equal to $3274, close to the expected DCF FV of $3328. While the algorithm-adjusted FV of $3576 is the 60th percentile in my simulations (note also the long right tail).</p><p><blockquote>通过查看结果,我们可以看到第50百分位或中位数等于3274美元,接近预期的DCF FV 3328美元。而算法调整后的FV为3576美元,是我模拟中的第60百分位(也请注意右尾长)。</blockquote></p><p></p><p> Finally, simulation results give us an interesting insight into a potential exit point. I believe that an interesting take profit point may be within the 80th percentile, which implies a potential upside of 24.89%. Why within the 80th percentile? I believe that, after reaching the $2.0 trillion company status, we will see the last climb of euphoria before investors start to take profits.</p><p><blockquote>最后,模拟结果让我们对潜在的退出点有了有趣的了解。我认为一个有趣的止盈点可能在第80百分位内,这意味着24.89%的潜在上涨空间。为什么在第80百分位以内?我相信,在达到2.0万亿美元的公司地位后,我们将看到投资者开始获利了结之前最后一次兴奋的攀升。</blockquote></p><p> <b>Final Thoughts</b></p><p><blockquote><b>最后的想法</b></blockquote></p><p> Both the algorithm-adjusted fair value and the Monte Carlo simulation suggest and support the bullish rating. The results found suggest that the stock is currently undervalued and that the company has still more room to go. What may drive the price to go higher? Well, there are different factors that may drive it. One of those is for sure corporate news. For instance, the company may introduce new products or announce a stock split (For the latter, I think this is unlikely, at least not now). However, don't forget also the other side, the risks. There are many risks associated with being invested in the company, one of those is represented by antitrust and regulators.</p><p><blockquote>算法调整后的公允价值和蒙特卡罗模拟都建议并支持看涨评级。结果表明,该股目前被低估,该公司仍有更大的发展空间。什么可能会推动价格走高?嗯,有不同的因素可能会驱动它。其中之一肯定是企业新闻。例如,公司可能会推出新产品或宣布股票分割(对于后者,我认为这不太可能,至少现在不太可能)。然而,也不要忘记另一面,风险。投资该公司存在许多风险,其中之一就是反垄断和监管机构。</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>Amazon: Undervalued With Potential Upside Of 25%<blockquote>亚马逊:被低估,潜在上涨空间为25%</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmazon: Undervalued With Potential Upside Of 25%<blockquote>亚马逊:被低估,潜在上涨空间为25%</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">seekingalpha</strong><span class=\"h-time small\">2021-07-01 18:02</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>Amazon is a unique and growing company that uses its disruptive platform to disrupt any new business it enters.</li> <li>I initiate Amazon with a bullish rating and a fair value of $3576/share (vs. the current price of $3443/share).</li> <li>The company's improving top line and bottom line performance (which is expected to continue) suggests that the stock is currently undervalued by 3.9%.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/51ce52baed5afae04a384059297465d3\" tg-width=\"1536\" tg-height=\"1024\"><span>Daria Nipot/iStock Editorial via Getty Images</span></p><p><blockquote><ul><li>亚马逊是一家独特且不断发展的公司,它利用其颠覆性平台来颠覆其进入的任何新业务。</li><li>我对亚马逊的评级为看涨,公允价值为3576美元/股(当前价格为3443美元/股)。</li><li>该公司营收和利润业绩的改善(预计将持续下去)表明该股目前被低估了3.9%。</li></ul><p class=\"t-img-caption\"><span>Daria Nipot/iStock社论来自Getty Images</span></p></blockquote></p><p> <b>Company Overview</b></p><p><blockquote><b>公司概况</b></blockquote></p><p> Amazon(NASDAQ:AMZN), a $1.74 trillion company. This is the current market capitalization (as of 06/29/2021) of the company and this implies that it is currently 15.18% away from being a $2 trillion company, not bad no?</p><p><blockquote>亚马逊(纳斯达克股票代码:AMZN),一家市值1.74万亿美元的公司。这是该公司目前的市值(截至2021年6月29日),这意味着它目前距离成为2万亿美元的公司还有15.18%的距离,还不错吧?</blockquote></p><p> Amazon is a unique and growing company that uses its disruptive platform to disrupt any new business it enters. For example, when Amazon announced the acquisition of Whole Foods, Walmart(NYSE:WMT), Kroger(NYSE:KR), Target(NYSE:TGT)took a nice hit in market value. I believe that the company will be able to keep delivering strong top line growth and continued growth in margins, fueled not only by the company's current business expansion but also by entering into new markets and new businesses.</p><p><blockquote>亚马逊是一家独特且不断发展的公司,它利用其颠覆性平台来颠覆其进入的任何新业务。例如,当亚马逊宣布收购全食超市时,沃尔玛(纽约证券交易所代码:WMT)、克罗格(纽约证券交易所代码:KR)、塔吉特(纽约证券交易所代码:TGT)的市值遭受了巨大打击。我相信,公司将能够继续实现强劲的营收增长和利润率的持续增长,这不仅得益于公司当前的业务扩张,还得益于进入新市场和新业务。</blockquote></p><p> <b>Company Analysis</b></p><p><blockquote><b>公司分析</b></blockquote></p><p> I initiate Amazon with a bullish rating and a fair value of $3576/share (vs. the current price of $3443/share). The FV is an algorithm-adjusted fair value (the algorithm takes into account fundamental and technical factors, such as DCF FV, momentum, etc.) and it implies that the stock is undervalued by 3.9%.</p><p><blockquote>我对亚马逊的评级为看涨,公允价值为3576美元/股(当前价格为3443美元/股)。FV是算法调整后的公允价值(算法考虑了基本面和技术因素,如DCF FV、动量等。)它意味着股票被低估了3.9%。</blockquote></p><p> To compute the DCF FV, I used the trailing twelve-month numbers and I also restated the financials since I capitalized on R&D expenses with an amortizable life of 3 years. As with Apple(NASDAQ:AAPL), I don't believe that Amazon's R&D is an operating expense, and for this reason, I treat it as CapEx. By taking into account the R&D, the following metrics have been restated (all numbers in $mm).</p><p><blockquote>为了计算DCF FV,我使用了过去12个月的数据,并且我还重述了财务数据,因为我将可摊销期限为3年的研发费用资本化。与苹果(纳斯达克股票代码:AAPL)一样,我不认为亚马逊的研发是一项运营费用,因此,我将其视为资本支出。考虑到研发,以下指标已被重述(所有数字均以百万美元为单位)。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bb427d462596db1e1cb1ffc99acc90e4\" tg-width=\"571\" tg-height=\"240\"><span>Source:Author's estimates using data from the latest 10-K report</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源:作者使用最新10-K报告数据进行的估计</span></p></blockquote></p><p> Capitalizing on R&D expenses, we have now a more clear picture of the company (i.e. the restated operating margin is now 9.03% TTM vs the non-restated operating margin is 6.63% TTM).</p><p><blockquote>利用研发费用,我们现在对公司有了更清晰的了解(即重述营业利润率现在为9.03%TTM,而非重述营业利润率为6.63%TTM)。</blockquote></p><p> <b>Discounted Cash Flow Model</b></p><p><blockquote><b>折现现金流量模型</b></blockquote></p><p> Now, let's turn to the discounted cash flow valuation part. Below, you can see the results with the relative assumptions I have made.</p><p><blockquote>现在,让我们转向贴现现金流估值部分。下面,你可以看到我所做的相对假设的结果。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0e215b21ca0b3be5a5e0e7b62e36fb5f\" tg-width=\"640\" tg-height=\"268\"><span>Source:Author's estimates using data from the latest 10-K report</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源:作者使用最新10-K报告数据进行的估计</span></p></blockquote></p><p> In my DCF model, I assume a revenue growth for the Y1 of 21.2%, a CAGR Y2-Y5 of 15% and I assume a terminal year growth rate of 1.48% (or the current yield on 10Y Treasury). The decision of using the current and not expected yield is due to the willingness to remain market neutral (perhaps you can use Goldman Sachs expectations of 1.9%). The current assumptions lead to revenues of $1,253,844 million in Y10.</p><p><blockquote>在我的DCF模型中,我假设Y1的收入增长率为21.2%,Y2-Y5的复合年增长率为15%,并假设最终年增长率为1.48%(或10年期国债的当前收益率)。使用当前而非预期收益率的决定是出于保持市场中性的意愿(或许可以使用高盛1.9%的预期)。目前的假设导致Y10的收入为12,538.44亿美元。</blockquote></p><p> Along the road, I also assume an improving outlook for operating margins with the target operating margin of 13.2% (vs current restated operating margin of 9.03%). If the company will be able to meet this target, it will result in operating margins in Y10 of $163,097 million.</p><p><blockquote>在此过程中,我还假设营业利润率前景有所改善,目标营业利润率为13.2%(当前重述营业利润率为9.03%)。如果公司能够实现这一目标,2010年的营业利润率将达到1630.97亿美元。</blockquote></p><p> Finally, in doing my estimates, I used a WACC of 5.75% and a sales to capital ratio (or how much the company is going to reinvest to keep its business growing) of 2.95.</p><p><blockquote>最后,在进行估计时,我使用了5.75%的WACC和2.95的销售资本比率(或公司将进行多少再投资以保持业务增长)。</blockquote></p><p> By putting it together, I obtain a DCF value of $3328/share.</p><p><blockquote>通过将它们放在一起,我获得了3328美元/股的DCF值。</blockquote></p><p> <b>Monte Carlo Simulation</b></p><p><blockquote><b>蒙特卡罗模拟</b></blockquote></p><p> Rather than showing you only my point estimates, which may be right but also may be wrong, let's use probability distributions for inputs. Simulations allow us to assess the impact of continuous risk (e.g., changes in operating margins). In particular, I would like to focus on what I consider the main inputs of interest to get a bigger picture of the risk in the company. Those inputs are:</p><p><blockquote>与其只向您展示我的点估计,这可能是正确的,也可能是错误的,让我们使用概率分布作为输入。模拟使我们能够评估持续风险的影响(例如,营业利润率的变化)。特别是,我想重点关注我认为感兴趣的主要输入,以更好地了解公司的风险。这些输入是:</blockquote></p><p> <i>1. Revenue Growth:</i></p><p><blockquote><i>1、营收增长:</i></blockquote></p><p></p><p> In my DCF analysis, I assumed an expected CAGR Y2-Y5 of 15% with lower rates going forward. This assumption lead to revenues in Y10 of $1,253,844 million. While it is a reasonable assumption, Amazon is full of surprises, and it may deliver a top line growth well above my expectations. In the latter, I see a possible scenario with a CAGR Y2-Y5 of 24%, resulting in Y10 revenues of $1,989,952 million. However, we all know that regulators represent a big risk for the company. According to WSJ sources, if the \"giant-tech bill\" will pass, the company may be forced to either split into two companies or spin off its private-label product businesses. This represents a big risk that may slow down Amazon's growth, which could translate into a growth rate of 6% (resulting in Y10 revenues of $764,723 million). To sum up, I will assume a uniform distribution with a maximum of 24% and a minimum of 6%. The results are displayed below (this simulation and the next one have been performed 10,000 times).</p><p><blockquote>在我的DCF分析中,我假设Y2-Y5的预期复合年增长率为15%,未来利率较低。这一假设导致2010年的收入为125,384.4亿美元。虽然这是一个合理的假设,但亚马逊充满了惊喜,它可能会实现远高于我预期的营收增长。在后者中,我认为CAGR Y2-Y5为24%,导致Y10收入为1,9899.52亿美元。然而,我们都知道监管机构对公司来说是一个很大的风险。据《华尔街日报》消息人士透露,如果“巨人科技法案”获得通过,该公司可能会被迫拆分为两家公司或剥离其自有品牌产品业务。这是一个很大的风险,可能会减缓亚马逊的增长,这可能会转化为6%的增长率(导致Y10收入为7647.23亿美元)。综上所述,我将假设最大24%,最小6%的均匀分布。结果如下所示(该模拟和下一个模拟已经执行了10,000次)。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/893dff753c8ca210759feb31b3966a5c\" tg-width=\"640\" tg-height=\"235\"><span>Source:Author's estimates</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源:作者估计</span></p></blockquote></p><p> <i>2. Operating Margin</i>:</p><p><blockquote><i>2.营业利润率</i>:</blockquote></p><p> Currently, Amazon has a restated operating margin of 9.03% TTM (vs not restated EBIT margin of 6.83%). In my DCF, I assumed a target operating margin of 13.2%. While this represents my most likely scenario for the company, I cannot close my eyes to the fact that, even if the company is improving its margins, it is following a very slow climb. Below, I display the non-restated EBIT margin for the last 5 years.</p><p><blockquote>目前,亚马逊的TTM重述营业利润率为9.03%(未重述息税前利润率为6.83%)。在我的DCF中,我假设目标营业利润率为13.2%。虽然这代表了我对该公司最有可能的情况,但我不能忽视这样一个事实:即使该公司的利润率正在提高,但它的攀升速度也非常缓慢。下面,我显示了过去5年未经重述的息税前利润率。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6d66fcb05f4254b15de278f016121ffa\" tg-width=\"640\" tg-height=\"221\"><span>Source:SeekingAlpha.com</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源:SeekingAlpha.com</span></p></blockquote></p><p> However, as I stated at the beginning, Amazon is a disruptive company with the ability to do extraordinary things. For instance, AWS presents a current operating margin of 30% TTM and a revenue growth rate of 29.53% in 2020. A trend which is expected to continue, driven by improving outlook and with new partners joining the party. The last to join the party are Ferrari(NYSE:RACE)and Swisscom(OTCPK:SWZCF)who have chosen AWS as their preferred cloud partner.</p><p><blockquote>不过,正如我开头所说,亚马逊是一家颠覆性的公司,有能力做非凡的事情。例如,AWS目前的营业利润率为30%TTM,2020年收入增长率为29.53%。由于前景改善以及有新伙伴加入党,这一趋势有望持续。最后一个加入派对的是法拉利(纽约证券交易所代码:RACE)和瑞士电信(OTCPK代码:SWZCF),他们选择AWS作为首选的云合作伙伴。</blockquote></p><p> In 2020,according to Gartner, AWS generated revenue 2 times bigger than Microsoft(NASDAQ:MSFT). As stated by Gartner:</p><p><blockquote>根据Gartner的数据,2020年AWS的收入是微软(纳斯达克:MSFT)的2倍。如Gartner所述:</blockquote></p><p> <i>The worldwide</i> <i>infrastructure as a service(IaaS) market grew 40.7% in 2020 to total $64.3 billion, up from $45.7 billion in 2019, according to Gartner, Inc. Amazon retained the No. 1 position in the IaaS market in 2020, followed by Microsoft, Alibaba, Google and Huawei... Amazon continued to lead the worldwide IaaS market with $26.2 billion of revenue in 2020 and 41% market share.</i> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ac00a17cbbd930ad6464a63f6d4f98eb\" tg-width=\"640\" tg-height=\"388\"><span>Source:Gartner.com</span></p><p><blockquote><i>世界范围</i> <i>根据Gartner,Inc.的数据,基础设施即服务(IaaS)市场在2020年增长了40.7%,达到643亿美元,高于2019年的457亿美元。亚马逊在2020年保持了IaaS市场的第一名,其次是微软、阿里巴巴-SW、谷歌和华为...亚马逊在2020年以262亿美元的收入和41%的市场份额继续引领全球IaaS市场。</i><p class=\"t-img-caption\"><span>资料来源:Gartner.com</span></p></blockquote></p><p> Finally, to account for my concerns and beliefs, I will assume a triangular distribution with the following limits: the likeliest target operating margin of 13.2%, a maximum of 18.4%, and a minimum of 8% (close to the current company's EBIT margin). The results are displayed below.</p><p><blockquote>最后,为了说明我的担忧和信念,我将假设一个三角形分布,并有以下限制:最可能的目标营业利润率为13.2%,最高为18.4%,最低为8%(接近当前公司的息税前利润率)。结果如下所示。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/054e2db392be500768de741516186013\" tg-width=\"640\" tg-height=\"237\"><span>Source:Author's estimates</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源:作者估计</span></p></blockquote></p><p> <i>3. Cost of Capital:</i></p><p><blockquote><i>3.资金成本:</i></blockquote></p><p> The last input of interest is the cost of capital. In doing my analysis, I estimated a cost of capital of 5.8% (with the current 10Y rate of 1.48 and an implied ERP of 4.54%). However, I may be wrong due to sector risk estimates or changes in the business mix (or both). To account for the possibility that I made some mistakes along the road, I will rely on a lognormal distribution with the most likely scenario of 5.8%. The results of the simulation are displayed below.</p><p><blockquote>利息的最后一个输入是资本成本。在进行分析时,我估计资本成本为5.8%(当前10年利率为1.48,隐含ERP为4.54%)。然而,由于行业风险估计或业务组合的变化(或两者兼而有之),我可能是错误的。为了说明我在这条路上犯了一些错误的可能性,我将依赖对数正态分布,最有可能的情况是5.8%。模拟结果如下所示。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a7d51740fa35eb9aedbc58c4c49d96eb\" tg-width=\"640\" tg-height=\"235\"><span>Source:Author's estimates</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源:作者估计</span></p></blockquote></p><p> By putting all of this together, the simulations return the following results.</p><p><blockquote>通过将所有这些放在一起,模拟返回以下结果。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/139c89300706eab1e37dd1c992286d31\" tg-width=\"640\" tg-height=\"222\"><span>Source:Author's estimates</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源:作者估计</span></p></blockquote></p><p> For completeness, I also display below the relative and cumulative frequency of the simulation.</p><p><blockquote>为了完整起见,我还在下面显示了模拟的相对频率和累积频率。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/af7a908e21b8678a775a3e1742161a7d\" tg-width=\"573\" tg-height=\"644\"><span>Source:Author's estimates</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源:作者估计</span></p></blockquote></p><p> By looking at the results, we can see that the 50th percentile or the median is equal to $3274, close to the expected DCF FV of $3328. While the algorithm-adjusted FV of $3576 is the 60th percentile in my simulations (note also the long right tail).</p><p><blockquote>通过查看结果,我们可以看到第50百分位或中位数等于3274美元,接近预期的DCF FV 3328美元。而算法调整后的FV为3576美元,是我模拟中的第60百分位(也请注意右尾长)。</blockquote></p><p></p><p> Finally, simulation results give us an interesting insight into a potential exit point. I believe that an interesting take profit point may be within the 80th percentile, which implies a potential upside of 24.89%. Why within the 80th percentile? I believe that, after reaching the $2.0 trillion company status, we will see the last climb of euphoria before investors start to take profits.</p><p><blockquote>最后,模拟结果让我们对潜在的退出点有了有趣的了解。我认为一个有趣的止盈点可能在第80百分位内,这意味着24.89%的潜在上涨空间。为什么在第80百分位以内?我相信,在达到2.0万亿美元的公司地位后,我们将看到投资者开始获利了结之前最后一次兴奋的攀升。</blockquote></p><p> <b>Final Thoughts</b></p><p><blockquote><b>最后的想法</b></blockquote></p><p> Both the algorithm-adjusted fair value and the Monte Carlo simulation suggest and support the bullish rating. The results found suggest that the stock is currently undervalued and that the company has still more room to go. What may drive the price to go higher? Well, there are different factors that may drive it. One of those is for sure corporate news. For instance, the company may introduce new products or announce a stock split (For the latter, I think this is unlikely, at least not now). However, don't forget also the other side, the risks. There are many risks associated with being invested in the company, one of those is represented by antitrust and regulators.</p><p><blockquote>算法调整后的公允价值和蒙特卡罗模拟都建议并支持看涨评级。结果表明,该股目前被低估,该公司仍有更大的发展空间。什么可能会推动价格走高?嗯,有不同的因素可能会驱动它。其中之一肯定是企业新闻。例如,公司可能会推出新产品或宣布股票分割(对于后者,我认为这不太可能,至少现在不太可能)。然而,也不要忘记另一面,风险。投资该公司存在许多风险,其中之一就是反垄断和监管机构。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://seekingalpha.com/article/4437291-amazon-stock-amzn-undervalued-with-potential-upside-of-25-percent\">seekingalpha</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":{"AMZN":"亚马逊"},"source_url":"https://seekingalpha.com/article/4437291-amazon-stock-amzn-undervalued-with-potential-upside-of-25-percent","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1113357649","content_text":"Summary\n\nAmazon is a unique and growing company that uses its disruptive platform to disrupt any new business it enters.\nI initiate Amazon with a bullish rating and a fair value of $3576/share (vs. the current price of $3443/share).\nThe company's improving top line and bottom line performance (which is expected to continue) suggests that the stock is currently undervalued by 3.9%.\n\nDaria Nipot/iStock Editorial via Getty Images\nCompany Overview\nAmazon(NASDAQ:AMZN), a $1.74 trillion company. This is the current market capitalization (as of 06/29/2021) of the company and this implies that it is currently 15.18% away from being a $2 trillion company, not bad no?\nAmazon is a unique and growing company that uses its disruptive platform to disrupt any new business it enters. For example, when Amazon announced the acquisition of Whole Foods, Walmart(NYSE:WMT), Kroger(NYSE:KR), Target(NYSE:TGT)took a nice hit in market value. I believe that the company will be able to keep delivering strong top line growth and continued growth in margins, fueled not only by the company's current business expansion but also by entering into new markets and new businesses.\nCompany Analysis\nI initiate Amazon with a bullish rating and a fair value of $3576/share (vs. the current price of $3443/share). The FV is an algorithm-adjusted fair value (the algorithm takes into account fundamental and technical factors, such as DCF FV, momentum, etc.) and it implies that the stock is undervalued by 3.9%.\nTo compute the DCF FV, I used the trailing twelve-month numbers and I also restated the financials since I capitalized on R&D expenses with an amortizable life of 3 years. As with Apple(NASDAQ:AAPL), I don't believe that Amazon's R&D is an operating expense, and for this reason, I treat it as CapEx. By taking into account the R&D, the following metrics have been restated (all numbers in $mm).\nSource:Author's estimates using data from the latest 10-K report\nCapitalizing on R&D expenses, we have now a more clear picture of the company (i.e. the restated operating margin is now 9.03% TTM vs the non-restated operating margin is 6.63% TTM).\nDiscounted Cash Flow Model\nNow, let's turn to the discounted cash flow valuation part. Below, you can see the results with the relative assumptions I have made.\nSource:Author's estimates using data from the latest 10-K report\nIn my DCF model, I assume a revenue growth for the Y1 of 21.2%, a CAGR Y2-Y5 of 15% and I assume a terminal year growth rate of 1.48% (or the current yield on 10Y Treasury). The decision of using the current and not expected yield is due to the willingness to remain market neutral (perhaps you can use Goldman Sachs expectations of 1.9%). The current assumptions lead to revenues of $1,253,844 million in Y10.\nAlong the road, I also assume an improving outlook for operating margins with the target operating margin of 13.2% (vs current restated operating margin of 9.03%). If the company will be able to meet this target, it will result in operating margins in Y10 of $163,097 million.\nFinally, in doing my estimates, I used a WACC of 5.75% and a sales to capital ratio (or how much the company is going to reinvest to keep its business growing) of 2.95.\nBy putting it together, I obtain a DCF value of $3328/share.\nMonte Carlo Simulation\nRather than showing you only my point estimates, which may be right but also may be wrong, let's use probability distributions for inputs. Simulations allow us to assess the impact of continuous risk (e.g., changes in operating margins). In particular, I would like to focus on what I consider the main inputs of interest to get a bigger picture of the risk in the company. Those inputs are:\n1. Revenue Growth:\nIn my DCF analysis, I assumed an expected CAGR Y2-Y5 of 15% with lower rates going forward. This assumption lead to revenues in Y10 of $1,253,844 million. While it is a reasonable assumption, Amazon is full of surprises, and it may deliver a top line growth well above my expectations. In the latter, I see a possible scenario with a CAGR Y2-Y5 of 24%, resulting in Y10 revenues of $1,989,952 million. However, we all know that regulators represent a big risk for the company. According to WSJ sources, if the \"giant-tech bill\" will pass, the company may be forced to either split into two companies or spin off its private-label product businesses. This represents a big risk that may slow down Amazon's growth, which could translate into a growth rate of 6% (resulting in Y10 revenues of $764,723 million). To sum up, I will assume a uniform distribution with a maximum of 24% and a minimum of 6%. The results are displayed below (this simulation and the next one have been performed 10,000 times).\nSource:Author's estimates\n2. Operating Margin:\nCurrently, Amazon has a restated operating margin of 9.03% TTM (vs not restated EBIT margin of 6.83%). In my DCF, I assumed a target operating margin of 13.2%. While this represents my most likely scenario for the company, I cannot close my eyes to the fact that, even if the company is improving its margins, it is following a very slow climb. Below, I display the non-restated EBIT margin for the last 5 years.\nSource:SeekingAlpha.com\nHowever, as I stated at the beginning, Amazon is a disruptive company with the ability to do extraordinary things. For instance, AWS presents a current operating margin of 30% TTM and a revenue growth rate of 29.53% in 2020. A trend which is expected to continue, driven by improving outlook and with new partners joining the party. The last to join the party are Ferrari(NYSE:RACE)and Swisscom(OTCPK:SWZCF)who have chosen AWS as their preferred cloud partner.\nIn 2020,according to Gartner, AWS generated revenue 2 times bigger than Microsoft(NASDAQ:MSFT). As stated by Gartner:\n\nThe worldwide \n infrastructure as a service(IaaS) market grew 40.7% in 2020 to total $64.3 billion, up from $45.7 billion in 2019, according to Gartner, Inc. Amazon retained the No. 1 position in the IaaS market in 2020, followed by Microsoft, Alibaba, Google and Huawei... Amazon continued to lead the worldwide IaaS market with $26.2 billion of revenue in 2020 and 41% market share.\n\nSource:Gartner.com\nFinally, to account for my concerns and beliefs, I will assume a triangular distribution with the following limits: the likeliest target operating margin of 13.2%, a maximum of 18.4%, and a minimum of 8% (close to the current company's EBIT margin). The results are displayed below.\nSource:Author's estimates\n3. Cost of Capital:\nThe last input of interest is the cost of capital. In doing my analysis, I estimated a cost of capital of 5.8% (with the current 10Y rate of 1.48 and an implied ERP of 4.54%). However, I may be wrong due to sector risk estimates or changes in the business mix (or both). To account for the possibility that I made some mistakes along the road, I will rely on a lognormal distribution with the most likely scenario of 5.8%. The results of the simulation are displayed below.\nSource:Author's estimates\nBy putting all of this together, the simulations return the following results.\nSource:Author's estimates\nFor completeness, I also display below the relative and cumulative frequency of the simulation.\nSource:Author's estimates\nBy looking at the results, we can see that the 50th percentile or the median is equal to $3274, close to the expected DCF FV of $3328. While the algorithm-adjusted FV of $3576 is the 60th percentile in my simulations (note also the long right tail).\nFinally, simulation results give us an interesting insight into a potential exit point. I believe that an interesting take profit point may be within the 80th percentile, which implies a potential upside of 24.89%. Why within the 80th percentile? I believe that, after reaching the $2.0 trillion company status, we will see the last climb of euphoria before investors start to take profits.\nFinal Thoughts\nBoth the algorithm-adjusted fair value and the Monte Carlo simulation suggest and support the bullish rating. The results found suggest that the stock is currently undervalued and that the company has still more room to go. What may drive the price to go higher? Well, there are different factors that may drive it. One of those is for sure corporate news. For instance, the company may introduce new products or announce a stock split (For the latter, I think this is unlikely, at least not now). However, don't forget also the other side, the risks. There are many risks associated with being invested in the company, one of those is represented by antitrust and regulators.","news_type":1,"symbols_score_info":{"AMZN":0.9}},"isVote":1,"tweetType":1,"viewCount":837,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}