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chewy144

chewy144

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0勋章

2021-11-09

Good

HUYA shares rose 4.58% in premarket trading as the total net revenues for Q3 increased by 5.7%<blockquote>虎牙股价在盘前交易中上涨4.58%，第三季度总净收入增长5.7%</blockquote>

2021-11-03

Bbby let's go

Some meme stocks skyrocketed in premarket trading<blockquote>一些模因股票在盘前交易中飙升</blockquote>

2021-06-24

Let's go

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2021-06-24

Gogogo

2021-06-21

Test

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2021-06-21

Test

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2021-06-19

Who follow who

3 Meme Stocks Wall Street Predicts Will Plunge More Than 20%<blockquote>华尔街预测 3 只模因股票将暴跌超过 20%</blockquote>

2021-06-19

Overvalued but momentum good

Adobe Getting Lift From Economic Reopening Post-Pandemic<blockquote>Adobe 从疫情后经济重新开放中获得提振</blockquote>

2021-06-19

Test

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2021-06-19

Just do the opposite

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2021-06-18

Hodl

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2021-06-18

Hodl

AMC: Danger Signals For Investors And Speculators<blockquote>AMC：投资者和投机者的危险信号</blockquote>

2021-06-18

Wow lets go

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2021-06-18

All in

Alibaba Stock: The Bottoming Process Looks To Be Forming Already<blockquote>阿里巴巴-SW股票：触底过程似乎已经形成</blockquote>

2021-06-18

Reverie

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2021-06-18

Wow Facebook going up

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2021-06-18

Test

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2021-06-18

Test

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2021-06-17

Yes

3 Cash-Rich Dividend Stocks With Rising Payouts<blockquote>3只现金充裕、派息不断增加的股息股票</blockquote>

2021-06-17

Hi there

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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":1636452714,"share":"https://www.laohunote.com/m/news/1147764998?lang=zh_CN&edition=full","pubTime":"2021-11-09 18:11","market":"us","language":"en","title":"HUYA shares rose 4.58% in premarket trading as the total net revenues for Q3 increased by 5.7%<blockquote>虎牙股价在盘前交易中上涨4.58%，第三季度总净收入增长5.7%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1147764998","media":"Tiger Newspress","summary":"HUYA Inc., a leading game live streaming platform inChina, today announced its unaudited financial r","content":"<p>HUYA Inc., a leading game live streaming platform inChina, today announced its unaudited financial results for the third quarter endedSeptember 30, 2021.</p><p><blockquote>中国领先的游戏直播平台虎牙公司今天公布了截至2021年9月30日的第三季度未经审计的财务业绩。</blockquote></p><p> <b>Third Quarter 2021 Highlights</b></p><p><blockquote><b>2021年第三季度亮点</b></blockquote></p><p> <ul>  <li><b>Total net revenues</b>&nbsp;for the third quarter of 2021 increased by 5.7% to&nbsp;RMB2,975.5 million(US$461.8 million), from&nbsp;RMB2,814.8 millionfor the same period of 2020.</li>  <li><b>Net income attributable to HUYA Inc.</b>wasRMB524.4 million(US$81.4 million) for the third quarter of 2021, compared withRMB253.0 millionfor the same period of 2020.</li>  <li><b>Non-GAAP net income attributable to HUYA Inc.</b>&nbsp;wasRMB180.0 million(US$27.9 million) for the third quarter of 2021, compared withRMB361.2 millionfor the same period of 2020.</li>  <li><b>Average mobile MAUs</b>&nbsp;<b>of Huya Live</b>in the third quarter of 2021 increased by 14.7% to 85.1 million, from 74.2 million in the same period of 2020.</li>  <li><b>Total number of paying users</b>&nbsp;<b>of Huya Live</b>in the third quarter of 2021 reached 6.0 million, compared with 6.0 million in the same period of 2020.</li> </ul> HUYA&nbsp;shares&nbsp;rose&nbsp;4.58%&nbsp;in&nbsp;premarket&nbsp;trading.<img src=\"https://static.tigerbbs.com/244e5680429f033ba138d331e9c8b573\" tg-width=\"885\" tg-height=\"592\" referrerpolicy=\"no-referrer\"></p><p><blockquote><ul><li><b>净收入总额</b>2021 年第三季度的营业额由 2020 年同期的人民币 2,814.8 百万元增长 5.7% 至人民币 2,975.5 百万元（4.618 百万美元）。</li><li><b>归属于虎牙公司的净利润。</b>2021 年第三季度为人民币 5.244 亿元（8140 万美元），而 2020 年同期为人民币 2.53 亿元。</li><li><b>归属于虎牙公司的非公认会计准则净利润。</b>2021 年第三季度为人民币 1.80 亿元（2790 万美元），而 2020 年同期为人民币 3.612 亿元。</li><li><b>平均移动鼠标</b> <b>虎牙直播</b>2021年第三季度，从2020年同期的7420万人增长14.7%至8510万人。</li><li><b>付费用户总数</b> <b>虎牙直播</b>2021年第三季度达到600万，而2020年同期为600万。</li></ul>虎牙股价盘前交易上涨4.58%。</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>HUYA shares rose 4.58% in premarket trading as the total net revenues for Q3 increased by 5.7%<blockquote>虎牙股价在盘前交易中上涨4.58%，第三季度总净收入增长5.7%</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\">\nHUYA shares rose 4.58% in premarket trading as the total net revenues for Q3 increased by 5.7%<blockquote>虎牙股价在盘前交易中上涨4.58%，第三季度总净收入增长5.7%</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\">2021-11-09 18:11</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>HUYA Inc., a leading game live streaming platform inChina, today announced its unaudited financial results for the third quarter endedSeptember 30, 2021.</p><p><blockquote>中国领先的游戏直播平台虎牙公司今天公布了截至2021年9月30日的第三季度未经审计的财务业绩。</blockquote></p><p> <b>Third Quarter 2021 Highlights</b></p><p><blockquote><b>2021年第三季度亮点</b></blockquote></p><p> <ul>  <li><b>Total net revenues</b>&nbsp;for the third quarter of 2021 increased by 5.7% to&nbsp;RMB2,975.5 million(US$461.8 million), from&nbsp;RMB2,814.8 millionfor the same period of 2020.</li>  <li><b>Net income attributable to HUYA Inc.</b>wasRMB524.4 million(US$81.4 million) for the third quarter of 2021, compared withRMB253.0 millionfor the same period of 2020.</li>  <li><b>Non-GAAP net income attributable to HUYA Inc.</b>&nbsp;wasRMB180.0 million(US$27.9 million) for the third quarter of 2021, compared withRMB361.2 millionfor the same period of 2020.</li>  <li><b>Average mobile MAUs</b>&nbsp;<b>of Huya Live</b>in the third quarter of 2021 increased by 14.7% to 85.1 million, from 74.2 million in the same period of 2020.</li>  <li><b>Total number of paying users</b>&nbsp;<b>of Huya Live</b>in the third quarter of 2021 reached 6.0 million, compared with 6.0 million in the same period of 2020.</li> </ul> HUYA&nbsp;shares&nbsp;rose&nbsp;4.58%&nbsp;in&nbsp;premarket&nbsp;trading.<img src=\"https://static.tigerbbs.com/244e5680429f033ba138d331e9c8b573\" tg-width=\"885\" tg-height=\"592\" referrerpolicy=\"no-referrer\"></p><p><blockquote><ul><li><b>净收入总额</b>2021 年第三季度的营业额由 2020 年同期的人民币 2,814.8 百万元增长 5.7% 至人民币 2,975.5 百万元（4.618 百万美元）。</li><li><b>归属于虎牙公司的净利润。</b>2021 年第三季度为人民币 5.244 亿元（8140 万美元），而 2020 年同期为人民币 2.53 亿元。</li><li><b>归属于虎牙公司的非公认会计准则净利润。</b>2021 年第三季度为人民币 1.80 亿元（2790 万美元），而 2020 年同期为人民币 3.612 亿元。</li><li><b>平均移动鼠标</b> <b>虎牙直播</b>2021年第三季度，从2020年同期的7420万人增长14.7%至8510万人。</li><li><b>付费用户总数</b> <b>虎牙直播</b>2021年第三季度达到600万，而2020年同期为600万。</li></ul>虎牙股价盘前交易上涨4.58%。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HUYA":"虎牙"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1147764998","content_text":"HUYA Inc., a leading game live streaming platform inChina, today announced its unaudited financial results for the third quarter endedSeptember 30, 2021.\nThird Quarter 2021 Highlights\n\nTotal net revenues for the third quarter of 2021 increased by 5.7% to RMB2,975.5 million(US$461.8 million), from RMB2,814.8 millionfor the same period of 2020.\nNet income attributable to HUYA Inc.wasRMB524.4 million(US$81.4 million) for the third quarter of 2021, compared withRMB253.0 millionfor the same period of 2020.\nNon-GAAP net income attributable to HUYA Inc. wasRMB180.0 million(US$27.9 million) for the third quarter of 2021, compared withRMB361.2 millionfor the same period of 2020.\nAverage mobile MAUs of Huya Livein the third quarter of 2021 increased by 14.7% to 85.1 million, from 74.2 million in the same period of 2020.\nTotal number of paying users of Huya Livein the third quarter of 2021 reached 6.0 million, compared with 6.0 million in the same period of 2020.\n\nHUYA shares rose 4.58% in premarket trading.","news_type":1,"symbols_score_info":{"HUYA":0.9}},"isVote":1,"tweetType":1,"viewCount":3759,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":841548797,"gmtCreate":1635928778962,"gmtModify":1635928779114,"author":{"id":"3566899757407501","authorId":"3566899757407501","name":"chewy144","avatar":"https://static.tigerbbs.com/ee8a5b5501c749332f66b4f44ea5dfab","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3566899757407501","idStr":"3566899757407501"},"themes":[],"title":"","htmlText":"Bbby let's go&nbsp;","listText":"Bbby let's go&nbsp;","text":"Bbby let's go","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/841548797","repostId":"1178338626","repostType":2,"repost":{"id":"1178338626","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":1635928227,"share":"https://www.laohunote.com/m/news/1178338626?lang=zh_CN&edition=full","pubTime":"2021-11-03 16:30","market":"us","language":"en","title":"Some meme stocks skyrocketed in premarket trading<blockquote>一些模因股票在盘前交易中飙升</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1178338626","media":"Tiger Newspress","summary":"Some meme stocks skyrocketed in premarket trading.Bed Bath & Beyond,R.R. Donnelley & Sons,Naked Bran","content":"<p>Some meme stocks skyrocketed in premarket trading.Bed Bath &amp; Beyond,R.R. Donnelley &amp; Sons,Naked Brand,Koss,Express,AMC,GameStop&nbsp;and&nbsp;BlackBerry&nbsp;soared between 4% and 62%.</p><p><blockquote>一些模因股票在盘前交易中飙升。Bed Bath &amp; Beyond, R.R.Donnelley &amp; Sons、Naked Brand、Koss、Express、AMC、GameStop 和黑莓股价飙升 4% 至 62%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/b016995062645d8011221cff13a86966\" tg-width=\"404\" tg-height=\"486\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <a href=\"https://laohu8.com/NW/1113177921\" target=\"_blank\">Bed Bath &amp; Beyond</a>,the home-goods retailer announced news that likely fueled a so-called short squeeze, where hedge funds that had bet against the stock were forced to buy back their shares to cut losses.</p><p><blockquote><a href=\"https://laohu8.com/NW/1113177921\" target=\"_blank\">床浴及其他</a>这家家居用品零售商宣布的消息可能会引发所谓的空头挤压，押注该股的对冲基金被迫回购股票以减少损失。</blockquote></p><p> Commercial-printing company&nbsp;R.R. Donnelley &amp; Sons&nbsp;Co.&nbsp;is nearing a deal to sell itself to a private-equity firm for just over $2 billion including debt, according to people familiar with the matter.</p><p><blockquote>商业印刷公司R.R。据知情人士透露，唐纳利父子公司 (Donnelley &amp; Sons Co.) 即将达成协议，以包括债务在内的略高于 20 亿美元的价格将自己出售给一家私募股权公司。</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>Some meme stocks skyrocketed in premarket trading<blockquote>一些模因股票在盘前交易中飙升</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\">\nSome meme stocks skyrocketed in premarket trading<blockquote>一些模因股票在盘前交易中飙升</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\">2021-11-03 16:30</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Some meme stocks skyrocketed in premarket trading.Bed Bath &amp; Beyond,R.R. Donnelley &amp; Sons,Naked Brand,Koss,Express,AMC,GameStop&nbsp;and&nbsp;BlackBerry&nbsp;soared between 4% and 62%.</p><p><blockquote>一些模因股票在盘前交易中飙升。Bed Bath &amp; Beyond, R.R.Donnelley &amp; Sons、Naked Brand、Koss、Express、AMC、GameStop 和黑莓股价飙升 4% 至 62%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/b016995062645d8011221cff13a86966\" tg-width=\"404\" tg-height=\"486\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <a href=\"https://laohu8.com/NW/1113177921\" target=\"_blank\">Bed Bath &amp; Beyond</a>,the home-goods retailer announced news that likely fueled a so-called short squeeze, where hedge funds that had bet against the stock were forced to buy back their shares to cut losses.</p><p><blockquote><a href=\"https://laohu8.com/NW/1113177921\" target=\"_blank\">床浴及其他</a>这家家居用品零售商宣布的消息可能会引发所谓的空头挤压，押注该股的对冲基金被迫回购股票以减少损失。</blockquote></p><p> Commercial-printing company&nbsp;R.R. Donnelley &amp; Sons&nbsp;Co.&nbsp;is nearing a deal to sell itself to a private-equity firm for just over $2 billion including debt, according to people familiar with the matter.</p><p><blockquote>商业印刷公司R.R。据知情人士透露，唐纳利父子公司 (Donnelley &amp; Sons Co.) 即将达成协议，以包括债务在内的略高于 20 亿美元的价格将自己出售给一家私募股权公司。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"EXPR":"Express, Inc.","RRD":"当纳利","BBBY":"Bed Bath & Beyond, Inc.","AMC":"AMC院线","BB":"黑莓","KOSS":"高斯电子","GME":"游戏驿站"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1178338626","content_text":"Some meme stocks skyrocketed in premarket trading.Bed Bath & Beyond,R.R. Donnelley & Sons,Naked Brand,Koss,Express,AMC,GameStop and BlackBerry soared between 4% and 62%.\n\nBed Bath & Beyond,the home-goods retailer announced news that likely fueled a so-called short squeeze, where hedge funds that had bet against the stock were forced to buy back their shares to cut losses.\nCommercial-printing company R.R. Donnelley & Sons Co. is nearing a deal to sell itself to a private-equity firm for just over $2 billion including debt, according to people familiar with the matter.","news_type":1,"symbols_score_info":{"EXPR":0.9,"KOSS":0.9,"RRD":0.9,"GME":0.9,"AMC":0.9,"NAKD":0.9,"BBBY":0.9,"BB":0.9}},"isVote":1,"tweetType":1,"viewCount":3661,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":128227818,"gmtCreate":1624520020934,"gmtModify":1634004933218,"author":{"id":"3566899757407501","authorId":"3566899757407501","name":"chewy144","avatar":"https://static.tigerbbs.com/ee8a5b5501c749332f66b4f44ea5dfab","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3566899757407501","idStr":"3566899757407501"},"themes":[],"title":"","htmlText":"Let's go","listText":"Let's go","text":"Let's go","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/128227818","repostId":"1136393082","repostType":4,"isVote":1,"tweetType":1,"viewCount":2907,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":128221100,"gmtCreate":1624519604300,"gmtModify":1634004937040,"author":{"id":"3566899757407501","authorId":"3566899757407501","name":"chewy144","avatar":"https://static.tigerbbs.com/ee8a5b5501c749332f66b4f44ea5dfab","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3566899757407501","idStr":"3566899757407501"},"themes":[],"title":"","htmlText":"Gogogo","listText":"Gogogo","text":"Gogogo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/128221100","isVote":1,"tweetType":1,"viewCount":3641,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":167619784,"gmtCreate":1624264606648,"gmtModify":1634008708468,"author":{"id":"3566899757407501","authorId":"3566899757407501","name":"chewy144","avatar":"https://static.tigerbbs.com/ee8a5b5501c749332f66b4f44ea5dfab","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3566899757407501","idStr":"3566899757407501"},"themes":[],"title":"","htmlText":"Test","listText":"Test","text":"Test","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/167619784","repostId":"1162827876","repostType":4,"isVote":1,"tweetType":1,"viewCount":2670,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":167619256,"gmtCreate":1624264590675,"gmtModify":1634008708715,"author":{"id":"3566899757407501","authorId":"3566899757407501","name":"chewy144","avatar":"https://static.tigerbbs.com/ee8a5b5501c749332f66b4f44ea5dfab","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3566899757407501","idStr":"3566899757407501"},"themes":[],"title":"","htmlText":"Test","listText":"Test","text":"Test","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/167619256","repostId":"1114797013","repostType":4,"isVote":1,"tweetType":1,"viewCount":3620,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":162522059,"gmtCreate":1624068689171,"gmtModify":1634011155435,"author":{"id":"3566899757407501","authorId":"3566899757407501","name":"chewy144","avatar":"https://static.tigerbbs.com/ee8a5b5501c749332f66b4f44ea5dfab","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3566899757407501","idStr":"3566899757407501"},"themes":[],"title":"","htmlText":"Who follow who","listText":"Who follow who","text":"Who follow who","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/162522059","repostId":"1166679093","repostType":4,"repost":{"id":"1166679093","kind":"news","pubTimestamp":1624065234,"share":"https://www.laohunote.com/m/news/1166679093?lang=zh_CN&edition=full","pubTime":"2021-06-19 09:13","market":"us","language":"en","title":"3 Meme Stocks Wall Street Predicts Will Plunge More Than 20%<blockquote>华尔街预测 3 只模因股票将暴跌超过 20%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1166679093","media":"fool","summary":"Meme stocks have been all the rage so far this year. That's understandable, with several of them del","content":"<p>Meme stocks have been all the rage so far this year. That's understandable, with several of them delivering triple-digit and even four-digit percentage gains.</p><p><blockquote>今年到目前为止，模因股票一直风靡一时。这是可以理解的，其中一些公司实现了三位数甚至四位数的百分比增长。</blockquote></p><p> However, what goes up can come down. Analysts don't expect the online frenzy fueling the ginormous jumps for some of the most popular stocks will be sustainable. Here are three meme stocks that Wall Street thinks will plunge by more than 20% within the next 12 months.</p><p><blockquote>然而，上升的可能会下降。分析师预计，推动一些最受欢迎股票大幅上涨的在线狂热不会持续。以下是华尔街认为未来 12 个月内将暴跌 20% 以上的三只模因股票。</blockquote></p><p> AMC Entertainment</p><p><blockquote>AMC院线</blockquote></p><p> <b>AMC Entertainment</b>(NYSE:AMC)ranks as the best-performing meme stock of all. Shares of the movie theater operator have skyrocketed close to 2,500% year to date.</p><p><blockquote><b>AMC院线</b>（纽约证券交易所股票代码：AMC）被评为所有模因股票中表现最好的。今年迄今为止，这家电影院运营商的股价已飙升近 2,500%。</blockquote></p><p> The consensus among analysts, though, is that the stock could lose 90% of its current value. Even the most optimistic analyst surveyed by Refinitiv has a price target for AMC that's more than 70% below the current share price.</p><p><blockquote>不过，分析师的共识是，该股可能会损失当前价值的 90%。即使是 Refinitiv 调查的最乐观的分析师也对 AMC 的目标价比当前股价低 70% 以上。</blockquote></p><p> But isn't AMC's business picking up? Yep. The easing of restrictions has enabled the company to reopen 99% of its U.S. theaters. AMC could benefit as seating capacity limitations imposed by state and local governments are raised. Thereleases of multiple movies this summerand later this year that are likely to be hits should also help.</p><p><blockquote>但AMC的业务不是在好转吗？是的。限制的放松使该公司能够重新开放99%的美国影院。随着州和地方政府施加的座位容量限制的提高，AMC 可能会受益。今年夏天和今年晚些时候上映的多部可能会大受欢迎的电影也会有所帮助。</blockquote></p><p> However, Wall Street clearly believes that AMC's share price has gotten way ahead of its business prospects. The stock is trading at nearly eight times higher than it was before the COVID-19 pandemic.</p><p><blockquote>然而，华尔街显然认为AMC的股价已经远远领先于其业务前景。该股的交易价格比 COVID-19 大流行之前高出近八倍。</blockquote></p><p> Clover Health Investments</p><p><blockquote>三叶草健康投资</blockquote></p><p> Only a few days ago, it looked like&nbsp;<b>Clover Health Investments</b>(NASDAQ:CLOV)might push AMC to the side as the hottest meme stock. Retail investors viewed Clover as a primeshort squeezecandidate.</p><p><blockquote>就在几天前，它看起来像<b>三叶草健康投资</b>（纳斯达克股票代码：CLOV）可能会将 AMC 推到最热门的模因股票一边。散户投资者将三叶草视为主要的空头挤压候选者。</blockquote></p><p> Since the beginning of June, shares of Clover Health have jumped more than 65%. Analysts, however, don't expect those gains to last. The average price target for the stock is 25% below the current share price.</p><p><blockquote>自6月初以来，Clover Health的股价已上涨超过65%。然而，分析师预计这些涨势不会持续。该股的平均目标价比当前股价低25%。</blockquote></p><p> Clover Health's valuation does seem to have gotten out of hand. The healthcare stock currently trades at more than 170 times trailing-12-month sales. That's a nosebleed level, especially considering that the company is the subject of investigations by the U.S. Department of Justice and the Securities and Exchange Commission.</p><p><blockquote>Clover Health 的估值似乎确实失控了。该医疗保健股票目前的交易价格是过去 12 个月销售额的 170 多倍。这是一个令人鼻血的水平，特别是考虑到该公司是美国调查的对象。司法部和证券交易委员会。</blockquote></p><p> Still, Clover Health could deliver improving financial results this year. The company hopes to significantly increase its membership by targeting the original Medicare program. This represents a major new market opportunity in addition to its current Medicare Advantage business.</p><p><blockquote>尽管如此，Clover Health 今年仍有可能实现更好的财务业绩。该公司希望通过瞄准最初的医疗保险计划来大幅增加其会员数量。除了目前的 Medicare Advantage 业务之外，这代表着一个重大的新市场机会。</blockquote></p><p> Sundial Growers</p><p><blockquote>日晷生长器</blockquote></p><p> At one point earlier this year,&nbsp;<b>Sundial Growers</b>(NASDAQ:SNDL)appeared to be a legitimate contender to become the biggest winner among meme stocks. The Canadian marijuana stock vaulted more than 520% higher year to date before giving up much of its gains. However, Sundial's share price has still more than doubled in 2021.</p><p><blockquote>今年早些时候，<b>日晷生长器</b>（纳斯达克股票代码：SNDL）似乎是成为模因股票中最大赢家的合法竞争者。加拿大大麻股票今年迄今已上涨超过 520%，然后回吐了大部分涨幅。然而，Sundial的股价在2021年仍上涨了一倍多。</blockquote></p><p> Analysts anticipate that the pot stock could fall even further. The consensus price target for Sundial reflects a 23% discount to its current share price. One analyst even thinks the stock could sink 55%.</p><p><blockquote>分析师预计大麻股可能会进一步下跌。Sundial 的一致目标价较其当前股价折扣 23%。一位分析师甚至认为该股可能会下跌 55%。</blockquote></p><p> There certainly are reasons to be pessimistic about Sundial's core cannabis business. The company's net cannabis revenue fell year over year in the first quarter of 2021. Although Sundial is taking steps that it hopes will turn things around, it remains to be seen if those efforts will succeed.</p><p><blockquote>当然有理由对 Sundial 的核心大麻业务感到悲观。2021年第一季度，该公司的大麻净收入同比下降。尽管 Sundial 正在采取措施，希望能够扭转局面，但这些努力是否会成功还有待观察。</blockquote></p><p> Sundial's business deals could give investors reasons for optimism. After all, the company posted positive adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) in Q1 due to its investments.</p><p><blockquote>Sundial 的商业交易可能会让投资者有理由乐观。毕竟，由于其投资，该公司在第一季度公布了正调整后的息税折旧摊销前利润 (EBITDA)。</blockquote></p><p> However, the cash that Sundial is using to make these investments has come at the cost of increased dilution of its stock. The company can't afford any additional dilution without having to resort to desperate measures to keep its listing on the&nbsp;<b>Nasdaq</b>&nbsp;stock exchange.</p><p><blockquote>然而，Sundial 用于进行这些投资的现金是以其股票进一步稀释为代价的。该公司无法承受任何额外的稀释，而不得不采取孤注一掷的措施来维持其上市<b>纳斯达克</b>证券交易所。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Meme Stocks Wall Street Predicts Will Plunge More Than 20%<blockquote>华尔街预测 3 只模因股票将暴跌超过 20%</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 Meme Stocks Wall Street Predicts Will Plunge More Than 20%<blockquote>华尔街预测 3 只模因股票将暴跌超过 20%</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">fool</strong><span class=\"h-time small\">2021-06-19 09:13</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Meme stocks have been all the rage so far this year. That's understandable, with several of them delivering triple-digit and even four-digit percentage gains.</p><p><blockquote>今年到目前为止，模因股票一直风靡一时。这是可以理解的，其中一些公司实现了三位数甚至四位数的百分比增长。</blockquote></p><p> However, what goes up can come down. Analysts don't expect the online frenzy fueling the ginormous jumps for some of the most popular stocks will be sustainable. Here are three meme stocks that Wall Street thinks will plunge by more than 20% within the next 12 months.</p><p><blockquote>然而，上升的可能会下降。分析师预计，推动一些最受欢迎股票大幅上涨的在线狂热不会持续。以下是华尔街认为未来 12 个月内将暴跌 20% 以上的三只模因股票。</blockquote></p><p> AMC Entertainment</p><p><blockquote>AMC院线</blockquote></p><p> <b>AMC Entertainment</b>(NYSE:AMC)ranks as the best-performing meme stock of all. Shares of the movie theater operator have skyrocketed close to 2,500% year to date.</p><p><blockquote><b>AMC院线</b>（纽约证券交易所股票代码：AMC）被评为所有模因股票中表现最好的。今年迄今为止，这家电影院运营商的股价已飙升近 2,500%。</blockquote></p><p> The consensus among analysts, though, is that the stock could lose 90% of its current value. Even the most optimistic analyst surveyed by Refinitiv has a price target for AMC that's more than 70% below the current share price.</p><p><blockquote>不过，分析师的共识是，该股可能会损失当前价值的 90%。即使是 Refinitiv 调查的最乐观的分析师也对 AMC 的目标价比当前股价低 70% 以上。</blockquote></p><p> But isn't AMC's business picking up? Yep. The easing of restrictions has enabled the company to reopen 99% of its U.S. theaters. AMC could benefit as seating capacity limitations imposed by state and local governments are raised. Thereleases of multiple movies this summerand later this year that are likely to be hits should also help.</p><p><blockquote>但AMC的业务不是在好转吗？是的。限制的放松使该公司能够重新开放99%的美国影院。随着州和地方政府施加的座位容量限制的提高，AMC 可能会受益。今年夏天和今年晚些时候上映的多部可能会大受欢迎的电影也会有所帮助。</blockquote></p><p> However, Wall Street clearly believes that AMC's share price has gotten way ahead of its business prospects. The stock is trading at nearly eight times higher than it was before the COVID-19 pandemic.</p><p><blockquote>然而，华尔街显然认为AMC的股价已经远远领先于其业务前景。该股的交易价格比 COVID-19 大流行之前高出近八倍。</blockquote></p><p> Clover Health Investments</p><p><blockquote>三叶草健康投资</blockquote></p><p> Only a few days ago, it looked like&nbsp;<b>Clover Health Investments</b>(NASDAQ:CLOV)might push AMC to the side as the hottest meme stock. Retail investors viewed Clover as a primeshort squeezecandidate.</p><p><blockquote>就在几天前，它看起来像<b>三叶草健康投资</b>（纳斯达克股票代码：CLOV）可能会将 AMC 推到最热门的模因股票一边。散户投资者将三叶草视为主要的空头挤压候选者。</blockquote></p><p> Since the beginning of June, shares of Clover Health have jumped more than 65%. Analysts, however, don't expect those gains to last. The average price target for the stock is 25% below the current share price.</p><p><blockquote>自6月初以来，Clover Health的股价已上涨超过65%。然而，分析师预计这些涨势不会持续。该股的平均目标价比当前股价低25%。</blockquote></p><p> Clover Health's valuation does seem to have gotten out of hand. The healthcare stock currently trades at more than 170 times trailing-12-month sales. That's a nosebleed level, especially considering that the company is the subject of investigations by the U.S. Department of Justice and the Securities and Exchange Commission.</p><p><blockquote>Clover Health 的估值似乎确实失控了。该医疗保健股票目前的交易价格是过去 12 个月销售额的 170 多倍。这是一个令人鼻血的水平，特别是考虑到该公司是美国调查的对象。司法部和证券交易委员会。</blockquote></p><p> Still, Clover Health could deliver improving financial results this year. The company hopes to significantly increase its membership by targeting the original Medicare program. This represents a major new market opportunity in addition to its current Medicare Advantage business.</p><p><blockquote>尽管如此，Clover Health 今年仍有可能实现更好的财务业绩。该公司希望通过瞄准最初的医疗保险计划来大幅增加其会员数量。除了目前的 Medicare Advantage 业务之外，这代表着一个重大的新市场机会。</blockquote></p><p> Sundial Growers</p><p><blockquote>日晷生长器</blockquote></p><p> At one point earlier this year,&nbsp;<b>Sundial Growers</b>(NASDAQ:SNDL)appeared to be a legitimate contender to become the biggest winner among meme stocks. The Canadian marijuana stock vaulted more than 520% higher year to date before giving up much of its gains. However, Sundial's share price has still more than doubled in 2021.</p><p><blockquote>今年早些时候，<b>日晷生长器</b>（纳斯达克股票代码：SNDL）似乎是成为模因股票中最大赢家的合法竞争者。加拿大大麻股票今年迄今已上涨超过 520%，然后回吐了大部分涨幅。然而，Sundial的股价在2021年仍上涨了一倍多。</blockquote></p><p> Analysts anticipate that the pot stock could fall even further. The consensus price target for Sundial reflects a 23% discount to its current share price. One analyst even thinks the stock could sink 55%.</p><p><blockquote>分析师预计大麻股可能会进一步下跌。Sundial 的一致目标价较其当前股价折扣 23%。一位分析师甚至认为该股可能会下跌 55%。</blockquote></p><p> There certainly are reasons to be pessimistic about Sundial's core cannabis business. The company's net cannabis revenue fell year over year in the first quarter of 2021. Although Sundial is taking steps that it hopes will turn things around, it remains to be seen if those efforts will succeed.</p><p><blockquote>当然有理由对 Sundial 的核心大麻业务感到悲观。2021年第一季度，该公司的大麻净收入同比下降。尽管 Sundial 正在采取措施，希望能够扭转局面，但这些努力是否会成功还有待观察。</blockquote></p><p> Sundial's business deals could give investors reasons for optimism. After all, the company posted positive adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) in Q1 due to its investments.</p><p><blockquote>Sundial 的商业交易可能会让投资者有理由乐观。毕竟，由于其投资，该公司在第一季度公布了正调整后的息税折旧摊销前利润 (EBITDA)。</blockquote></p><p> However, the cash that Sundial is using to make these investments has come at the cost of increased dilution of its stock. The company can't afford any additional dilution without having to resort to desperate measures to keep its listing on the&nbsp;<b>Nasdaq</b>&nbsp;stock exchange.</p><p><blockquote>然而，Sundial 用于进行这些投资的现金是以其股票进一步稀释为代价的。该公司无法承受任何额外的稀释，而不得不采取孤注一掷的措施来维持其上市<b>纳斯达克</b>证券交易所。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/06/18/3-meme-stocks-wall-street-predicts-will-plunge-mor/\">fool</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SNDL":"SNDL Inc.","AMC":"AMC院线","CLOV":"Clover Health Corp"},"source_url":"https://www.fool.com/investing/2021/06/18/3-meme-stocks-wall-street-predicts-will-plunge-mor/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1166679093","content_text":"Meme stocks have been all the rage so far this year. That's understandable, with several of them delivering triple-digit and even four-digit percentage gains.\nHowever, what goes up can come down. Analysts don't expect the online frenzy fueling the ginormous jumps for some of the most popular stocks will be sustainable. Here are three meme stocks that Wall Street thinks will plunge by more than 20% within the next 12 months.\nAMC Entertainment\nAMC Entertainment(NYSE:AMC)ranks as the best-performing meme stock of all. Shares of the movie theater operator have skyrocketed close to 2,500% year to date.\nThe consensus among analysts, though, is that the stock could lose 90% of its current value. Even the most optimistic analyst surveyed by Refinitiv has a price target for AMC that's more than 70% below the current share price.\nBut isn't AMC's business picking up? Yep. The easing of restrictions has enabled the company to reopen 99% of its U.S. theaters. AMC could benefit as seating capacity limitations imposed by state and local governments are raised. Thereleases of multiple movies this summerand later this year that are likely to be hits should also help.\nHowever, Wall Street clearly believes that AMC's share price has gotten way ahead of its business prospects. The stock is trading at nearly eight times higher than it was before the COVID-19 pandemic.\nClover Health Investments\nOnly a few days ago, it looked like Clover Health Investments(NASDAQ:CLOV)might push AMC to the side as the hottest meme stock. Retail investors viewed Clover as a primeshort squeezecandidate.\nSince the beginning of June, shares of Clover Health have jumped more than 65%. Analysts, however, don't expect those gains to last. The average price target for the stock is 25% below the current share price.\nClover Health's valuation does seem to have gotten out of hand. The healthcare stock currently trades at more than 170 times trailing-12-month sales. That's a nosebleed level, especially considering that the company is the subject of investigations by the U.S. Department of Justice and the Securities and Exchange Commission.\nStill, Clover Health could deliver improving financial results this year. The company hopes to significantly increase its membership by targeting the original Medicare program. This represents a major new market opportunity in addition to its current Medicare Advantage business.\nSundial Growers\nAt one point earlier this year, Sundial Growers(NASDAQ:SNDL)appeared to be a legitimate contender to become the biggest winner among meme stocks. The Canadian marijuana stock vaulted more than 520% higher year to date before giving up much of its gains. However, Sundial's share price has still more than doubled in 2021.\nAnalysts anticipate that the pot stock could fall even further. The consensus price target for Sundial reflects a 23% discount to its current share price. One analyst even thinks the stock could sink 55%.\nThere certainly are reasons to be pessimistic about Sundial's core cannabis business. The company's net cannabis revenue fell year over year in the first quarter of 2021. Although Sundial is taking steps that it hopes will turn things around, it remains to be seen if those efforts will succeed.\nSundial's business deals could give investors reasons for optimism. After all, the company posted positive adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) in Q1 due to its investments.\nHowever, the cash that Sundial is using to make these investments has come at the cost of increased dilution of its stock. The company can't afford any additional dilution without having to resort to desperate measures to keep its listing on the Nasdaq stock exchange.","news_type":1,"symbols_score_info":{"AMC":0.9,"SNDL":0.9,"CLOV":0.9}},"isVote":1,"tweetType":1,"viewCount":2477,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":162528267,"gmtCreate":1624068641659,"gmtModify":1634011156528,"author":{"id":"3566899757407501","authorId":"3566899757407501","name":"chewy144","avatar":"https://static.tigerbbs.com/ee8a5b5501c749332f66b4f44ea5dfab","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3566899757407501","idStr":"3566899757407501"},"themes":[],"title":"","htmlText":"Overvalued but momentum good","listText":"Overvalued but momentum good","text":"Overvalued but momentum good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/162528267","repostId":"2144774740","repostType":4,"repost":{"id":"2144774740","kind":"highlight","weMediaInfo":{"introduction":"The leading daily newsletter for the latest financial and business news. 33Yrs Helping Stock Investors with Investing Insights, Tools, News & More.","home_visible":0,"media_name":"Investors","id":"1085713068","head_image":"https://static.tigerbbs.com/608dd68a89ed486e18f64efe3136266c"},"pubTimestamp":1624030096,"share":"https://www.laohunote.com/m/news/2144774740?lang=zh_CN&edition=full","pubTime":"2021-06-18 23:28","market":"us","language":"en","title":"Adobe Getting Lift From Economic Reopening Post-Pandemic<blockquote>Adobe 从疫情后经济重新开放中获得提振</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2144774740","media":"Investors","summary":"Software giant Adobe is benefiting as the economy reopens following the Covid-19 pandemic, a senior executive says.","content":"<p>Software giant <b><a href=\"https://laohu8.com/S/ADBE\">Adobe</a></b> is benefiting as the economy reopens as the Covid-19 pandemic wanes, a senior executive says. The company's beat-and-raise quarterly report provided proof of that. ADBE stock jumped on Friday.</p><p><blockquote>软件巨头<b><a href=\"https://laohu8.com/S/ADBE\">土坯</a></b>一位高级管理人员表示，随着 Covid-19 大流行的减弱，经济重新开放将受益。该公司的击败加薪季度报告提供了证据。ADBE 股价周五上涨。</blockquote></p><p> The maker of digital media and marketing software late Thursday reported fiscal second-quarter earnings that easily topped expectations. Adobe also guided above views for the current quarter.</p><p><blockquote>这家数字媒体和营销软件制造商周四晚间公布的第二财季收益轻松超出预期。Adobe 还指导了本季度的上述观点。</blockquote></p><p> The San Jose, Calif.-based company earned an adjusted $3.03 a share on sales of $3.84 billion in the quarter ended June 4. On a year-over-year basis, Adobe earnings rose 24% while sales climbed 23%.</p><p><blockquote>这家总部位于加利福尼亚州圣何塞的公司调整后每股收益为 3.03 美元，截至 6 月 4 日的季度销售额为 38.4 亿美元。与去年同期相比，Adobe 盈利增长 24%，销售额增长 23%。</blockquote></p><p> For the current quarter, Adobe expects to earn an adjusted $3 a share, up 17%, on sales of $3.88 billion, up 20%.</p><p><blockquote>本季度，Adobe 预计调整后每股收益为 3 美元，增长 17%，销售额为 38.8 亿美元，增长 20%。</blockquote></p><p> <h2>ADBE Stock Rises After Earnings Report</h2> In morning trading on the stock market today, ADBE stock advanced 2.2%, near 563.35. Earlier in the session, ADBE stock notched a record high 570.</p><p><blockquote><h2>收益报告发布后 ADBE 股价上涨</h2>今天股市早盘交易中，ADBE 股价上涨 2.2%，接近 563.35。盘中早些时候，ADBE 股价创下 570 点的历史新高。</blockquote></p><p> \"All three of our businesses — Creative Cloud, Document Cloud and <a href=\"https://laohu8.com/S/EXP.AU\">Experience</a> Cloud — just killed it this quarter with excellent performance,\" Chief Financial Officer John Murphy told Investor's Business Daily. \"Content creation and customer experience engagement in personalized ways are resonating across all of our businesses. And it's really driving the momentum and acceleration in the business.\"</p><p><blockquote>“我们的所有三个业务——创意云、文档云和<a href=\"https://laohu8.com/S/EXP.AU\">经验</a>云——本季度以出色的表现杀死了它，”首席财务官约翰·墨菲告诉《投资者商业日报》。“以个性化的方式创建内容和客户体验参与正在我们所有的业务中引起共鸣。它确实推动了业务的势头和加速。”</blockquote></p><p> That momentum will continue in the company's seasonally weaker fiscal third quarter, Murphy said. The current quarter includes the summer months of June, July and August.</p><p><blockquote>墨菲表示，这种势头将在公司季节性疲软的第三财季继续下去。本季度包括夏季的六月、七月和八月。</blockquote></p><p> \"The macroeconomic stability is giving a lot of enterprises confidence to invest again,\" Murphy said. \"Companies are prioritizing digital transformation.\"</p><p><blockquote>“宏观经济的稳定给了许多企业再次投资的信心，”墨菲说。“企业正在优先考虑数字化转型。”</blockquote></p><p> The reopening of the economy and return to offices after the pandemic should provide a tailwind for Adobe's business, he said.</p><p><blockquote>他说，疫情后经济的重新开放和办公室的重返应该会为 Adobe 的业务提供推动力。</blockquote></p><p> <h2>Analysts Raise Price Targets On Adobe Stock</h2> At least 15 Wall Street analysts raised their price targets on ADBE stock after the earnings report.</p><p><blockquote><h2>分析师上调 Adobe 股票目标价</h2>财报发布后，至少 15 名华尔街分析师上调了 ADBE 股票的目标价。</blockquote></p><p> Mizuho Securities analyst Gregg Moskowitz reiterated his buy rating on ADBE stock and upped his price target to 640 from 600.</p><p><blockquote>瑞穗证券分析师 Gregg Moskowitz 重申了对 ADBE 股票的买入评级，并将目标价从 600 点上调至 640 点。</blockquote></p><p> \"Adobe's expansive portfolio of software solutions has made it the gold standard in content creation, consumption, and collaboration,\" Moskowitz said in a note to clients. \"Adobe is very well positioned to benefit from digital transformation with its comprehensive end-to-end offering that differentiates it from competitors.\"</p><p><blockquote>莫斯科维茨在给客户的一份报告中表示：“Adobe 广泛的软件解决方案组合使其成为内容创建、消费和协作的黄金标准。”“Adobe 完全有能力从数字化转型中受益，其全面的端到端产品使其与竞争对手区分开来。”</blockquote></p><p> On June 11, ADBE stock broke out of a 40-week&nbsp;consolidation period&nbsp;at a&nbsp;buy point&nbsp;of 536.98, according to&nbsp;IBD MarketSmith charts.</p><p><blockquote>根据 IBD MarketSmith 图表，6 月 11 日，ADBE 股票以 536.98 的买入点突破了 40 周盘整期。</blockquote></p><p> However, IBD Leaderboard analysis offered investors an earlier buy point of 525.54 from a cup base within the larger consolidation pattern.</p><p><blockquote>然而，IBD 排行榜分析为投资者提供了 525.54 的早期买入点，该买入点来自较大的盘整模式中的杯子基数。</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>Adobe Getting Lift From Economic Reopening Post-Pandemic<blockquote>Adobe 从疫情后经济重新开放中获得提振</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\">\nAdobe Getting Lift From Economic Reopening Post-Pandemic<blockquote>Adobe 从疫情后经济重新开放中获得提振</blockquote>\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/608dd68a89ed486e18f64efe3136266c);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Investors </p>\n<p class=\"h-time smaller\">2021-06-18 23:28</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p>Software giant <b><a href=\"https://laohu8.com/S/ADBE\">Adobe</a></b> is benefiting as the economy reopens as the Covid-19 pandemic wanes, a senior executive says. The company's beat-and-raise quarterly report provided proof of that. ADBE stock jumped on Friday.</p><p><blockquote>软件巨头<b><a href=\"https://laohu8.com/S/ADBE\">土坯</a></b>一位高级管理人员表示，随着 Covid-19 大流行的减弱，经济重新开放将受益。该公司的击败加薪季度报告提供了证据。ADBE 股价周五上涨。</blockquote></p><p> The maker of digital media and marketing software late Thursday reported fiscal second-quarter earnings that easily topped expectations. Adobe also guided above views for the current quarter.</p><p><blockquote>这家数字媒体和营销软件制造商周四晚间公布的第二财季收益轻松超出预期。Adobe 还指导了本季度的上述观点。</blockquote></p><p> The San Jose, Calif.-based company earned an adjusted $3.03 a share on sales of $3.84 billion in the quarter ended June 4. On a year-over-year basis, Adobe earnings rose 24% while sales climbed 23%.</p><p><blockquote>这家总部位于加利福尼亚州圣何塞的公司调整后每股收益为 3.03 美元，截至 6 月 4 日的季度销售额为 38.4 亿美元。与去年同期相比，Adobe 盈利增长 24%，销售额增长 23%。</blockquote></p><p> For the current quarter, Adobe expects to earn an adjusted $3 a share, up 17%, on sales of $3.88 billion, up 20%.</p><p><blockquote>本季度，Adobe 预计调整后每股收益为 3 美元，增长 17%，销售额为 38.8 亿美元，增长 20%。</blockquote></p><p> <h2>ADBE Stock Rises After Earnings Report</h2> In morning trading on the stock market today, ADBE stock advanced 2.2%, near 563.35. Earlier in the session, ADBE stock notched a record high 570.</p><p><blockquote><h2>收益报告发布后 ADBE 股价上涨</h2>今天股市早盘交易中，ADBE 股价上涨 2.2%，接近 563.35。盘中早些时候，ADBE 股价创下 570 点的历史新高。</blockquote></p><p> \"All three of our businesses — Creative Cloud, Document Cloud and <a href=\"https://laohu8.com/S/EXP.AU\">Experience</a> Cloud — just killed it this quarter with excellent performance,\" Chief Financial Officer John Murphy told Investor's Business Daily. \"Content creation and customer experience engagement in personalized ways are resonating across all of our businesses. And it's really driving the momentum and acceleration in the business.\"</p><p><blockquote>“我们的所有三个业务——创意云、文档云和<a href=\"https://laohu8.com/S/EXP.AU\">经验</a>云——本季度以出色的表现杀死了它，”首席财务官约翰·墨菲告诉《投资者商业日报》。“以个性化的方式创建内容和客户体验参与正在我们所有的业务中引起共鸣。它确实推动了业务的势头和加速。”</blockquote></p><p> That momentum will continue in the company's seasonally weaker fiscal third quarter, Murphy said. The current quarter includes the summer months of June, July and August.</p><p><blockquote>墨菲表示，这种势头将在公司季节性疲软的第三财季继续下去。本季度包括夏季的六月、七月和八月。</blockquote></p><p> \"The macroeconomic stability is giving a lot of enterprises confidence to invest again,\" Murphy said. \"Companies are prioritizing digital transformation.\"</p><p><blockquote>“宏观经济的稳定给了许多企业再次投资的信心，”墨菲说。“企业正在优先考虑数字化转型。”</blockquote></p><p> The reopening of the economy and return to offices after the pandemic should provide a tailwind for Adobe's business, he said.</p><p><blockquote>他说，疫情后经济的重新开放和办公室的重返应该会为 Adobe 的业务提供推动力。</blockquote></p><p> <h2>Analysts Raise Price Targets On Adobe Stock</h2> At least 15 Wall Street analysts raised their price targets on ADBE stock after the earnings report.</p><p><blockquote><h2>分析师上调 Adobe 股票目标价</h2>财报发布后，至少 15 名华尔街分析师上调了 ADBE 股票的目标价。</blockquote></p><p> Mizuho Securities analyst Gregg Moskowitz reiterated his buy rating on ADBE stock and upped his price target to 640 from 600.</p><p><blockquote>瑞穗证券分析师 Gregg Moskowitz 重申了对 ADBE 股票的买入评级，并将目标价从 600 点上调至 640 点。</blockquote></p><p> \"Adobe's expansive portfolio of software solutions has made it the gold standard in content creation, consumption, and collaboration,\" Moskowitz said in a note to clients. \"Adobe is very well positioned to benefit from digital transformation with its comprehensive end-to-end offering that differentiates it from competitors.\"</p><p><blockquote>莫斯科维茨在给客户的一份报告中表示：“Adobe 广泛的软件解决方案组合使其成为内容创建、消费和协作的黄金标准。”“Adobe 完全有能力从数字化转型中受益，其全面的端到端产品使其与竞争对手区分开来。”</blockquote></p><p> On June 11, ADBE stock broke out of a 40-week&nbsp;consolidation period&nbsp;at a&nbsp;buy point&nbsp;of 536.98, according to&nbsp;IBD MarketSmith charts.</p><p><blockquote>根据 IBD MarketSmith 图表，6 月 11 日，ADBE 股票以 536.98 的买入点突破了 40 周盘整期。</blockquote></p><p> However, IBD Leaderboard analysis offered investors an earlier buy point of 525.54 from a cup base within the larger consolidation pattern.</p><p><blockquote>然而，IBD 排行榜分析为投资者提供了 525.54 的早期买入点，该买入点来自较大的盘整模式中的杯子基数。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ADBE":"Adobe"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2144774740","content_text":"Software giant Adobe is benefiting as the economy reopens as the Covid-19 pandemic wanes, a senior executive says. The company's beat-and-raise quarterly report provided proof of that. ADBE stock jumped on Friday.\nThe maker of digital media and marketing software late Thursday reported fiscal second-quarter earnings that easily topped expectations. Adobe also guided above views for the current quarter.\nThe San Jose, Calif.-based company earned an adjusted $3.03 a share on sales of $3.84 billion in the quarter ended June 4. On a year-over-year basis, Adobe earnings rose 24% while sales climbed 23%.\nFor the current quarter, Adobe expects to earn an adjusted $3 a share, up 17%, on sales of $3.88 billion, up 20%.\nADBE Stock Rises After Earnings Report\nIn morning trading on the stock market today, ADBE stock advanced 2.2%, near 563.35. Earlier in the session, ADBE stock notched a record high 570.\n\"All three of our businesses — Creative Cloud, Document Cloud and Experience Cloud — just killed it this quarter with excellent performance,\" Chief Financial Officer John Murphy told Investor's Business Daily. \"Content creation and customer experience engagement in personalized ways are resonating across all of our businesses. And it's really driving the momentum and acceleration in the business.\"\nThat momentum will continue in the company's seasonally weaker fiscal third quarter, Murphy said. The current quarter includes the summer months of June, July and August.\n\"The macroeconomic stability is giving a lot of enterprises confidence to invest again,\" Murphy said. \"Companies are prioritizing digital transformation.\"\nThe reopening of the economy and return to offices after the pandemic should provide a tailwind for Adobe's business, he said.\nAnalysts Raise Price Targets On Adobe Stock\nAt least 15 Wall Street analysts raised their price targets on ADBE stock after the earnings report.\nMizuho Securities analyst Gregg Moskowitz reiterated his buy rating on ADBE stock and upped his price target to 640 from 600.\n\"Adobe's expansive portfolio of software solutions has made it the gold standard in content creation, consumption, and collaboration,\" Moskowitz said in a note to clients. \"Adobe is very well positioned to benefit from digital transformation with its comprehensive end-to-end offering that differentiates it from competitors.\"\nOn June 11, ADBE stock broke out of a 40-week consolidation period at a buy point of 536.98, according to IBD MarketSmith charts.\nHowever, IBD Leaderboard analysis offered investors an earlier buy point of 525.54 from a cup base within the larger consolidation pattern.","news_type":1,"symbols_score_info":{"ADBE":0.9}},"isVote":1,"tweetType":1,"viewCount":3023,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":162528967,"gmtCreate":1624068623959,"gmtModify":1634011157012,"author":{"id":"3566899757407501","authorId":"3566899757407501","name":"chewy144","avatar":"https://static.tigerbbs.com/ee8a5b5501c749332f66b4f44ea5dfab","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3566899757407501","idStr":"3566899757407501"},"themes":[],"title":"","htmlText":"Test","listText":"Test","text":"Test","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/162528967","repostId":"2144218770","repostType":4,"isVote":1,"tweetType":1,"viewCount":3178,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":162202263,"gmtCreate":1624063698752,"gmtModify":1631884219791,"author":{"id":"3566899757407501","authorId":"3566899757407501","name":"chewy144","avatar":"https://static.tigerbbs.com/ee8a5b5501c749332f66b4f44ea5dfab","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3566899757407501","idStr":"3566899757407501"},"themes":[],"title":"","htmlText":"Just do the opposite","listText":"Just do the opposite","text":"Just do the opposite","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/162202263","repostId":"1175119628","repostType":4,"isVote":1,"tweetType":1,"viewCount":4242,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":166316676,"gmtCreate":1623991494395,"gmtModify":1634024460779,"author":{"id":"3566899757407501","authorId":"3566899757407501","name":"chewy144","avatar":"https://static.tigerbbs.com/ee8a5b5501c749332f66b4f44ea5dfab","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3566899757407501","idStr":"3566899757407501"},"themes":[],"title":"","htmlText":"Hodl","listText":"Hodl","text":"Hodl","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/166316676","repostId":"1183646767","repostType":4,"isVote":1,"tweetType":1,"viewCount":1036,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":166316374,"gmtCreate":1623991481098,"gmtModify":1634024461141,"author":{"id":"3566899757407501","authorId":"3566899757407501","name":"chewy144","avatar":"https://static.tigerbbs.com/ee8a5b5501c749332f66b4f44ea5dfab","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3566899757407501","idStr":"3566899757407501"},"themes":[],"title":"","htmlText":"Hodl","listText":"Hodl","text":"Hodl","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/166316374","repostId":"1131310015","repostType":4,"repost":{"id":"1131310015","kind":"news","pubTimestamp":1623987347,"share":"https://www.laohunote.com/m/news/1131310015?lang=zh_CN&edition=full","pubTime":"2021-06-18 11:35","market":"us","language":"en","title":"AMC: Danger Signals For Investors And Speculators<blockquote>AMC：投资者和投机者的危险信号</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1131310015","media":"seekingalpha","summary":"Summary\n\nI stand on the shoulder of giants to guide you on AMC.\nFor investors, the gravitational pul","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>I stand on the shoulder of giants to guide you on AMC.</li>  <li>For investors, the gravitational pull of no earning prospects provides little support to the stock.</li>  <li>A century-old cautionary tale for speculators counting on a short squeeze.</li>  <li>Sell before the other speculators do.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/dabb985556b9f549dd561bf919495d08\" tg-width=\"768\" tg-height=\"513\"><span>RgStudio/E+ via Getty Images</span></p><p><blockquote><ul><li>我站在巨人的肩膀上指导你在AMC。</li><li>对于投资者来说，没有盈利前景的引力对该股几乎没有支撑。</li><li>对于指望空头挤压的投机者来说，这是一个百年历史的警示故事。</li><li>在其他投机者之前卖出。</li></ul><p class=\"t-img-caption\"><span>RgStudio/E+ 来自盖蒂图片社</span></p></blockquote></p><p> What are we to make of the meme stock phenomena? I tookone stab at itwith AMC Entertainment Holdings, Inc.(NYSE:AMC)a few weeks ago. I’m back for more, after reading two interesting pieces. As Isaac Newton said in 1676, “<i>If I have seen a little further it is by standing on the shoulders of Giants.</i>” Now I’m no Isaac Newton. For one, I’m far better looking. But like Zeke – a nickname Isaac’s friends probably never used – I too stand on the shoulders of giants. In this case the shoulders of Jason Zweig, a wonderful financial markets writer for<i>The Wall Street Journal</i>, and John Brooks, author of “<i>Business Adventures</i>”, a book recommended by Bill Gates. I will quote liberally from both in this article, then draw the line for you to AMC.</p><p><blockquote>我们该如何看待模因股票现象？几周前，我曾尝试过AMC院线控股公司（纽约证券交易所股票代码：AMC）。读完两篇有趣的文章后，我又回来了。正如艾萨克·牛顿在1676年所说，“<i>如果我看得更远一点，那就是站在巨人的肩膀上。</i>“现在我不是艾萨克·牛顿了。首先，我看起来好多了。但就像齐克--艾萨克的朋友们可能从未用过这个绰号--我也站在巨人的肩膀上。在这种情况下，杰森·茨威格的肩膀是一位出色的金融市场作家<i>华尔街日报</i>约翰·布鲁克斯，《<i>商业冒险</i>”，比尔·盖茨推荐的一本书。我将在本文中大量引用这两者，然后为您划清界限。</blockquote></p><p> <b>Investor vs. trader vs. speculator</b></p><p><blockquote><b>投资者与交易者与投机者</b></blockquote></p><p> Jason Zweig graphically distinguished between these three types of stock buyers in hisJune 11, 2021<i>Wall Street Journal</i>column:</p><p><blockquote>杰森·茨威格 (Jason Zweig) 在他的 2021 年 6 月 11 日以图形方式区分了这三种类型的股票买家<i>华尔街日报</i>列：</blockquote></p><p>   “  <i>Whenever you buy any financial asset because you have a hunch or just for kicks, or because somebody famous is hyping the heck out of it, or everybody else seems to be buying it too, you aren’t investing.You’re definitely a trader: someone who has just bought an asset. And you may be a speculator: someone who thinks other people will pay more for it than you did.”“An investor relies on internal sources of return: earnings, income, growth in the value of assets. A speculator counts on external sources of return: primarily whether somebody else will pay more, regardless of fundamental value.”</i>  So why has AMC’s stock price been on a tear? I have one informal data source, namely the 300+ comments on my June 4 AMC article. Earnings, income, growth in the value of assets<i>never</i>came up. What did come up was “short squeeze” and stock charts. So I expect Mr. Zweig would describe AMC’s stock as driven by traders and speculators.</p><p><blockquote>“<i>无论何时你购买任何金融资产，因为你有预感，或者只是为了刺激，或者因为某个名人大肆宣传，或者其他人似乎也在购买，你都不是在投资。你绝对是交易者：刚刚购买资产的人。你可能是一个投机者：一个认为别人会比你付出更多的人。“投资者依赖于内部回报来源：收益、收入、资产价值增长。投机者依赖于外部回报来源：主要是别人是否会付出更多，而不管基本价值如何。”</i>那么，为什么 AMC 的股价一直在飙升呢？我有一个非正式的数据源，即我6月4日AMC文章上的300多条评论。收益、收入、资产价值增长<i>没有</i>上来了。随之而来的是 “挤空 ”和股票图表。因此，我预计茨威格先生会将 AMC 的股票描述为由交易员和投机者推动的。</blockquote></p><p> Mr. Zweig also made me realize that my AMC article left out an earnings forecast. I gave lots of data on historic trends, which only implied a future direction. I correct that omission here.</p><p><blockquote>茨威格先生还让我意识到，我的AMC文章遗漏了盈利预测。我给出了很多关于历史趋势的数据，这只是暗示了未来的方向。我在这里纠正这个遗漏。</blockquote></p><p> <b>A 2022 AMC earnings forecast</b></p><p><blockquote><b>2022 年 AMC 盈利预测</b></blockquote></p><p> I start with the key assumptions:</p><p><blockquote>我从关键假设开始：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/3f5311cb0ff00c046d122c2c84fc3aea\" tg-width=\"640\" tg-height=\"168\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <i>My time frame for reference</i>&nbsp;is 2017 to 2019. Earlier data is less relevant because AMC made a big acquisition in 2016, and 2020 and 2021 data is even less relevant because of COVID.</p><p><blockquote><i>我的时间框架供参考</i>是2017年至2019年。早期数据的相关性较小，因为 AMC 在 2016 年进行了一次重大收购，而 2020 年和 2021 年的数据的相关性更差，因为 COVID。</blockquote></p><p> <i>The national box office</i>is the major assumption.My June 4 articleshows that movie attendance has been declining since 2002. What will box office be next year? The steady growth in streaming, both in subscribers and content, certainly is a headwind. And COVID logically should increase the shift from offsite (theater) entertainment to home entertainment, as it has for shopping and working. Holding movie attendance near its ’19 level would be a minor miracle. A 10%, or even a 20%, decline is far more likely. As you can see in the table above, I make 2022 AMC EPS forecasts using all three box office assumptions.</p><p><blockquote><i>全国票房</i>是主要的假设。我6月4日的文章显示，自2002年以来，电影上座率一直在下降。明年票房会是多少？无论是订户还是内容，流媒体的稳步增长无疑是一个阻力。从逻辑上讲，COVID应该增加从场外（剧院）娱乐到家庭娱乐的转变，就像购物和工作一样。让电影上座率接近 19 年的水平将是一个小奇迹。下降10%甚至20%的可能性要大得多。正如您在上表中看到的，我使用所有三个票房假设来预测 2022 年 AMC 每股收益。</blockquote></p><p> <b><i>AMC market share.</i></b>I assume a share increase from AMC’s ’17-’19 level because some competing theaters must have dropped out because of COVID financial pressures.</p><p><blockquote><b><i>AMC市场份额。</i></b>我认为 AMC 的份额会比 17-19 年的水平有所增加，因为一些竞争影院肯定是因为 COVID 的财务压力而退出的。</blockquote></p><p> <b><i>Admissions gross margin.</i></b>This is the profit from ticket sales less the cost of licensing movies from their producers. I hold AMC steady with ’17-’19, but I can also imagine that movie producers seek better terms because AMC has to bid against a growing pool of streaming services desperate for content.</p><p><blockquote><b><i>入学毛利率。</i></b>这是门票销售的利润减去制片人授权电影的成本。我认为 AMC 在 17-19 年保持稳定，但我也可以想象，电影制片人会寻求更好的条款，因为 AMC 必须与越来越多急需内容的流媒体服务商竞争。</blockquote></p><p> <b><i>Food expenses as a percent of sales.</i></b>I carry forward the shockingly low number. AMC, and presumably its peers, take their food and beverage costs and<i>multiply them by 7 in their pricing to us moviegoers.</i>Smuggle in your own Jujifruits and save a bundle. My best financial advice for the year.</p><p><blockquote><b><i>食品支出占销售额的百分比。</i></b>我转发令人震惊的低数字。AMC 及其同行可能会承担食品和饮料成本<i>对我们电影观众的定价乘以7。</i>走私自己的Jujifruits，节省一捆。我今年最好的理财建议。</blockquote></p><p> <b><i>Food and beverage sales as a percent of ticket prices.</i></b>I assume that AMC’s trend of modest increases continues.</p><p><blockquote><b><i>食品和饮料销售额占票价的百分比。</i></b>我认为 AMC 的小幅增长趋势将继续下去。</blockquote></p><p> <b><i>Operating expenses</i></b>are the cost of the theater personnel, utilities, etc. I assume the gradual uptrend in the operating expense ratio continues, for two reasons. One, these operating expenses are largely fixed, and revenues will be under pressure. Second, it seems logical that the current labor shortage will pressure pay levels for low-end theater jobs.</p><p><blockquote><b><i>营运开支</i></b>是剧院人员、水电费等费用。我认为运营费用率的逐渐上升趋势将继续，原因有二。其一，这些运营费用在很大程度上是固定的，收入将面临压力。其次，当前的劳动力短缺将给低端剧院工作的工资水平带来压力，这似乎是合乎逻辑的。</blockquote></p><p></p><p> We’re now ready for my earnings and cash flow models:</p><p><blockquote>我们现在准备好了我的收益和现金流模型：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/9b8a5ce8ad10adb3336126cdb0a5e598\" tg-width=\"537\" tg-height=\"497\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> The ’22 forecasts are set by the assumptions above through the “gross profit” line. My overhead expense forecast assumes that AMC is working hard to limit expenses through its challenging times:</p><p><blockquote>22 年的预测是通过 “毛利润 ”行根据上述假设确定的。我的管理费用预测假设 AMC 正在努力在充满挑战的时期限制费用：</blockquote></p><p> <ul>  <li><i>Depreciation/amortization</i>is a combination of accounting expenses for real estate and acquisitions. Write-downs taken during the pandemic should have reduced these expenses.</li>  <li><i>Interest expense</i>should decline as AMC pays down some debt with the equity it has been raising.</li> </ul> <b>The gravitational pull of earnings</b></p><p><blockquote><ul><li><i>折旧╱摊销</i>是房地产和收购的会计费用的组合。疫情期间进行的减记应该会减少这些费用。</li><li><i>利息支出</i>随着 AMC 用其筹集的股本偿还部分债务，应该会下降。</li></ul><b>盈利的引力</b></blockquote></p><p> We arrive at the bottom line. The best-case scenario I can see for 2022 EPS is roughly breakeven. More likely is a modest loss. Cash flow should be somewhat worse, because the cash capital spending needed by AMC to keep its theaters attractive to a shrinking audience should exceed its non-cash depreciation/amortization expenses. If capital spending is much lower than I forecast, it is probably because AMC management is conceding that it is in a death spiral and wants to milk what cash it can.</p><p><blockquote>我们到达了底线。我能看到的 2022 年每股收益的最佳情况大致是盈亏平衡。更有可能的是小幅亏损。现金流应该会更糟，因为 AMC 为保持其影院对不断萎缩的观众的吸引力而需要的现金资本支出应该会超过其非现金折旧/摊销费用。如果资本支出远低于我的预测，那可能是因为 AMC 管理层承认自己正处于死亡螺旋之中，并希望尽可能多地榨取现金。</blockquote></p><p> <i>The bottom line - no support for investors.</i>AMC’s book value is negative. It appears incapable of earning any material money post-COVID. Its business is in long-term decline due to technology changes, and its new competitors are monster companies – Netflix, Disney, Comcast, etc. – with huge resources. An investor can only look at AMC’s current $55 stock price and with a shudder say, in the immortal words of<i>Trading Places</i>, “Sell Mortimer, sell!”</p><p><blockquote><i>底线——不支持投资者。</i>AMC 的账面价值为负。在COVID之后，它似乎无法赚到任何实质性的钱。由于技术变革，其业务长期下滑，其新的竞争对手是拥有巨大资源的怪物公司——网飞、迪士尼、康卡斯特等。投资者只能看着 AMC 目前 55 美元的股价，不寒而栗地说，用不朽的名言来说，<i>交易场所</i>“卖掉莫蒂默，卖掉!”</blockquote></p><p> <b>The speculative play - a short squeeze: A historical cautionary tale</b></p><p><blockquote><b>投机游戏——空头挤压：一个历史警示故事</b></blockquote></p><p> Millennials did not invent the short squeeze. It has been around almost as long financial markets have existed. The book<i>Business Adventures</i>by John Brooks<i>,</i>published way back in 1969, tells a vivid tale of a short squeeze even farther back, in the early 1920s. Literally a century ago. I’m going to quote from the book to suggest how the story ends for speculations with no investor support. So pour yourself some illegal hooch (we’re heading to the Prohibition Era) and read on. This is the story of Clarence Saunders, the founder of Piggly Wiggly Stores, the first supermarket; the Amazon of his day.</p><p><blockquote>千禧一代并没有发明轧空。它几乎和金融市场存在的时间一样长。书<i>商业冒险</i>约翰·布鲁克斯<i>,</i>早在1969年就出版了，讲述了一个20世纪20年代初的短暂挤压的生动故事。就在一个世纪前。我将引用书中的一段话，说明在没有投资者支持的情况下，故事的结局是如何进行猜测的。所以，给自己倒点非法的胡言乱语吧（我们正走向禁酒令时代），然后继续读下去。这是第一家超市Piggly Wiggly Stores的创始人克拉伦斯·桑德斯的故事；他那个时代的亚马逊。</blockquote></p><p> Shorts went after Clarence’s stock in 1922, driving it from $50 to below $40. Saunders vowed revenge with a short squeeze. Here are excerpts of Mr. Brooks’ recounting of the story:</p><p><blockquote>1922 年，空头追逐克拉伦斯的股票，将其从 50 美元跌至 40 美元以下。桑德斯发誓要用一个短挤压来复仇。以下是布鲁克斯先生讲述故事的节选：</blockquote></p><p>   “  <i>Saunders…bought 33,000 shares of Piggly Wiggly, mostly from short sellers; within a week he had brought the total to 105,000 – more than half of the 200,000 shares outstanding. The effectiveness of Saunders’ buying campaign was readily apparent; by late January of 1923 it had driven he price up over $60…</i>”  The sole short squeezer of yore has been replaced by herds of “apes” today, and the apes have been far better in driving up prices. By the way, believe it or not, a group of apes is apparently called a “shrewdness”. A group of apes is shrewd – interesting.</p><p><blockquote>“<i>桑德斯……购买了 33,000 股 Piggly Wiggly 股票，主要来自卖空者；不到一周，他就把股票总数增加到了10.5万股——超过了20万股流通股的一半。桑德斯收购活动的有效性显而易见；到 1923 年 1 月下旬，他的价格已经上涨了 60 多美元……</i>“昔日唯一的空头挤压者如今已被成群的 “猿猴 ”所取代，而猿猴在推高价格方面表现得更好。顺便说一句，信不信由你，一群类人猿显然被称为“精明”。一群猿类很精明——很有趣。</blockquote></p><p>   “  <i>He had made himself a bundle and had demonstrated how a poor Southern boy could teach the city slickers a lesson.”</i>  Today we have apes sticking it to hedge funds.</p><p><blockquote>“<i>他发了财，证明了一个可怜的南方男孩是如何教训城里的骗子的。”</i>今天，我们有猿猴把它粘在对冲基金上。</blockquote></p><p>   “  <i>One of the great hazards in the Corner was always that even though a player might defeat his opponents, he would discover that he had won a Pyrrhic victory. Once the short sellers had been squeezed dry, the cornerer might find that the reams of stock he had accumulated in the process were a dead weight around his neck; by pushing it all back into the market, he would drive its price down to zero.</i>”  Something to think about. What was Saunders to do?</p><p><blockquote>“<i>角落里最大的危险之一总是，即使一个玩家可能击败了他的对手，他也会发现自己赢得了一场得不偿失的胜利。一旦卖空者被榨干，角落可能会发现他在这个过程中积累的大量股票是他脖子上的沉重负担；通过将其全部推回市场，他将把其价格降至零。</i>“值得思考的事情。桑德斯该怎么办？</blockquote></p><p>   “[  <i>Saunders’] solution was to sell his $55 shares on the installment plan. In his February advertisements, he stipulated that the public could buy shares only by paying $25 down and the balance in three $10 installments</i>.”  Pretty clever, no? No:</p><p><blockquote>“[<i>桑德斯的解决方案是出售分期付款计划中价值 55 美元的股票。他在2月份的广告中规定，公众只需支付25美元的首付，余款分三期支付，每期10美元</i>很聪明，不是吗？编号：</blockquote></p><p>   “  <i>At the end of the third day, the total number of shares subscribed for was still under 25,000, and the sales that were made were canceled. Saunders had to admit that the drive had been a failure.”</i>  Uh oh. What now?</p><p><blockquote>“<i>第三天结束时，认购股份总数仍低于25,000股，已进行的销售被取消。桑德斯不得不承认这次驾驶失败了。”</i>呃哦。现在怎么办？</blockquote></p><p>   <i>“On August 22nd, the New York auction firm of Adrian H. Muller &amp; Son…knocked down 1,500 shares of Piggly Wiggly at $1 a share…The following spring Saunders went through formal bankruptcy proceedings.”</i>  Ouch.</p><p><blockquote><i>“8 月 22 日，Adrian H. Muller &amp; Son 的纽约拍卖公司.以每股 1 美元的价格拍卖了 1500 股 Piggly Wiggly 股票.次年春天，桑德斯进入了正式的破产程序”。</i>哎哟。</blockquote></p><p> <b>Buyers beware</b></p><p><blockquote><b>买家要小心</b></blockquote></p><p> As Jason Zweig noted above, speculators depend upon finding a buyer at a higher price. Today’s holders of AMC stock certainly have made life painful for many short sellers. But are there really enough new buyers to take out current shareholders above AMC’s present $28 billion market cap? Especially with the gravity of no earnings constantly weighing on the stock?</p><p><blockquote>正如杰森·茨威格上面指出的，投机者依赖于以更高的价格找到买家。如今的 AMC 股票持有者无疑让许多卖空者日子不好过。但是，在 AMC 目前 280 亿美元的市值之上，真的有足够多的新买家来收购现有股东吗？尤其是在没有盈利持续拖累股票的情况下？</blockquote></p><p></p><p> AMC shareholders, don’t win Clarence Saunders’ Pyrrhic victory. Take your $55 a share and run. Fast. Before the other speculating holders do so first.</p><p><blockquote>AMC 的股东们，不要为克拉伦斯-桑德斯的惨痛胜利而欢呼。拿着每股 55 美元就跑吧。快的。在其他投机者先这样做之前。</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>AMC: Danger Signals For Investors And Speculators<blockquote>AMC：投资者和投机者的危险信号</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\">\nAMC: Danger Signals For Investors And Speculators<blockquote>AMC：投资者和投机者的危险信号</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">seekingalpha</strong><span class=\"h-time small\">2021-06-18 11:35</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>I stand on the shoulder of giants to guide you on AMC.</li>  <li>For investors, the gravitational pull of no earning prospects provides little support to the stock.</li>  <li>A century-old cautionary tale for speculators counting on a short squeeze.</li>  <li>Sell before the other speculators do.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/dabb985556b9f549dd561bf919495d08\" tg-width=\"768\" tg-height=\"513\"><span>RgStudio/E+ via Getty Images</span></p><p><blockquote><ul><li>我站在巨人的肩膀上指导你在AMC。</li><li>对于投资者来说，没有盈利前景的引力对该股几乎没有支撑。</li><li>对于指望空头挤压的投机者来说，这是一个百年历史的警示故事。</li><li>在其他投机者之前卖出。</li></ul><p class=\"t-img-caption\"><span>RgStudio/E+ 来自盖蒂图片社</span></p></blockquote></p><p> What are we to make of the meme stock phenomena? I tookone stab at itwith AMC Entertainment Holdings, Inc.(NYSE:AMC)a few weeks ago. I’m back for more, after reading two interesting pieces. As Isaac Newton said in 1676, “<i>If I have seen a little further it is by standing on the shoulders of Giants.</i>” Now I’m no Isaac Newton. For one, I’m far better looking. But like Zeke – a nickname Isaac’s friends probably never used – I too stand on the shoulders of giants. In this case the shoulders of Jason Zweig, a wonderful financial markets writer for<i>The Wall Street Journal</i>, and John Brooks, author of “<i>Business Adventures</i>”, a book recommended by Bill Gates. I will quote liberally from both in this article, then draw the line for you to AMC.</p><p><blockquote>我们该如何看待模因股票现象？几周前，我曾尝试过AMC院线控股公司（纽约证券交易所股票代码：AMC）。读完两篇有趣的文章后，我又回来了。正如艾萨克·牛顿在1676年所说，“<i>如果我看得更远一点，那就是站在巨人的肩膀上。</i>“现在我不是艾萨克·牛顿了。首先，我看起来好多了。但就像齐克--艾萨克的朋友们可能从未用过这个绰号--我也站在巨人的肩膀上。在这种情况下，杰森·茨威格的肩膀是一位出色的金融市场作家<i>华尔街日报</i>约翰·布鲁克斯，《<i>商业冒险</i>”，比尔·盖茨推荐的一本书。我将在本文中大量引用这两者，然后为您划清界限。</blockquote></p><p> <b>Investor vs. trader vs. speculator</b></p><p><blockquote><b>投资者与交易者与投机者</b></blockquote></p><p> Jason Zweig graphically distinguished between these three types of stock buyers in hisJune 11, 2021<i>Wall Street Journal</i>column:</p><p><blockquote>杰森·茨威格 (Jason Zweig) 在他的 2021 年 6 月 11 日以图形方式区分了这三种类型的股票买家<i>华尔街日报</i>列：</blockquote></p><p>   “  <i>Whenever you buy any financial asset because you have a hunch or just for kicks, or because somebody famous is hyping the heck out of it, or everybody else seems to be buying it too, you aren’t investing.You’re definitely a trader: someone who has just bought an asset. And you may be a speculator: someone who thinks other people will pay more for it than you did.”“An investor relies on internal sources of return: earnings, income, growth in the value of assets. A speculator counts on external sources of return: primarily whether somebody else will pay more, regardless of fundamental value.”</i>  So why has AMC’s stock price been on a tear? I have one informal data source, namely the 300+ comments on my June 4 AMC article. Earnings, income, growth in the value of assets<i>never</i>came up. What did come up was “short squeeze” and stock charts. So I expect Mr. Zweig would describe AMC’s stock as driven by traders and speculators.</p><p><blockquote>“<i>无论何时你购买任何金融资产，因为你有预感，或者只是为了刺激，或者因为某个名人大肆宣传，或者其他人似乎也在购买，你都不是在投资。你绝对是交易者：刚刚购买资产的人。你可能是一个投机者：一个认为别人会比你付出更多的人。“投资者依赖于内部回报来源：收益、收入、资产价值增长。投机者依赖于外部回报来源：主要是别人是否会付出更多，而不管基本价值如何。”</i>那么，为什么 AMC 的股价一直在飙升呢？我有一个非正式的数据源，即我6月4日AMC文章上的300多条评论。收益、收入、资产价值增长<i>没有</i>上来了。随之而来的是 “挤空 ”和股票图表。因此，我预计茨威格先生会将 AMC 的股票描述为由交易员和投机者推动的。</blockquote></p><p> Mr. Zweig also made me realize that my AMC article left out an earnings forecast. I gave lots of data on historic trends, which only implied a future direction. I correct that omission here.</p><p><blockquote>茨威格先生还让我意识到，我的AMC文章遗漏了盈利预测。我给出了很多关于历史趋势的数据，这只是暗示了未来的方向。我在这里纠正这个遗漏。</blockquote></p><p> <b>A 2022 AMC earnings forecast</b></p><p><blockquote><b>2022 年 AMC 盈利预测</b></blockquote></p><p> I start with the key assumptions:</p><p><blockquote>我从关键假设开始：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/3f5311cb0ff00c046d122c2c84fc3aea\" tg-width=\"640\" tg-height=\"168\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <i>My time frame for reference</i>&nbsp;is 2017 to 2019. Earlier data is less relevant because AMC made a big acquisition in 2016, and 2020 and 2021 data is even less relevant because of COVID.</p><p><blockquote><i>我的时间框架供参考</i>是2017年至2019年。早期数据的相关性较小，因为 AMC 在 2016 年进行了一次重大收购，而 2020 年和 2021 年的数据的相关性更差，因为 COVID。</blockquote></p><p> <i>The national box office</i>is the major assumption.My June 4 articleshows that movie attendance has been declining since 2002. What will box office be next year? The steady growth in streaming, both in subscribers and content, certainly is a headwind. And COVID logically should increase the shift from offsite (theater) entertainment to home entertainment, as it has for shopping and working. Holding movie attendance near its ’19 level would be a minor miracle. A 10%, or even a 20%, decline is far more likely. As you can see in the table above, I make 2022 AMC EPS forecasts using all three box office assumptions.</p><p><blockquote><i>全国票房</i>是主要的假设。我6月4日的文章显示，自2002年以来，电影上座率一直在下降。明年票房会是多少？无论是订户还是内容，流媒体的稳步增长无疑是一个阻力。从逻辑上讲，COVID应该增加从场外（剧院）娱乐到家庭娱乐的转变，就像购物和工作一样。让电影上座率接近 19 年的水平将是一个小奇迹。下降10%甚至20%的可能性要大得多。正如您在上表中看到的，我使用所有三个票房假设来预测 2022 年 AMC 每股收益。</blockquote></p><p> <b><i>AMC market share.</i></b>I assume a share increase from AMC’s ’17-’19 level because some competing theaters must have dropped out because of COVID financial pressures.</p><p><blockquote><b><i>AMC市场份额。</i></b>我认为 AMC 的份额会比 17-19 年的水平有所增加，因为一些竞争影院肯定是因为 COVID 的财务压力而退出的。</blockquote></p><p> <b><i>Admissions gross margin.</i></b>This is the profit from ticket sales less the cost of licensing movies from their producers. I hold AMC steady with ’17-’19, but I can also imagine that movie producers seek better terms because AMC has to bid against a growing pool of streaming services desperate for content.</p><p><blockquote><b><i>入学毛利率。</i></b>这是门票销售的利润减去制片人授权电影的成本。我认为 AMC 在 17-19 年保持稳定，但我也可以想象，电影制片人会寻求更好的条款，因为 AMC 必须与越来越多急需内容的流媒体服务商竞争。</blockquote></p><p> <b><i>Food expenses as a percent of sales.</i></b>I carry forward the shockingly low number. AMC, and presumably its peers, take their food and beverage costs and<i>multiply them by 7 in their pricing to us moviegoers.</i>Smuggle in your own Jujifruits and save a bundle. My best financial advice for the year.</p><p><blockquote><b><i>食品支出占销售额的百分比。</i></b>我转发令人震惊的低数字。AMC 及其同行可能会承担食品和饮料成本<i>对我们电影观众的定价乘以7。</i>走私自己的Jujifruits，节省一捆。我今年最好的理财建议。</blockquote></p><p> <b><i>Food and beverage sales as a percent of ticket prices.</i></b>I assume that AMC’s trend of modest increases continues.</p><p><blockquote><b><i>食品和饮料销售额占票价的百分比。</i></b>我认为 AMC 的小幅增长趋势将继续下去。</blockquote></p><p> <b><i>Operating expenses</i></b>are the cost of the theater personnel, utilities, etc. I assume the gradual uptrend in the operating expense ratio continues, for two reasons. One, these operating expenses are largely fixed, and revenues will be under pressure. Second, it seems logical that the current labor shortage will pressure pay levels for low-end theater jobs.</p><p><blockquote><b><i>营运开支</i></b>是剧院人员、水电费等费用。我认为运营费用率的逐渐上升趋势将继续，原因有二。其一，这些运营费用在很大程度上是固定的，收入将面临压力。其次，当前的劳动力短缺将给低端剧院工作的工资水平带来压力，这似乎是合乎逻辑的。</blockquote></p><p></p><p> We’re now ready for my earnings and cash flow models:</p><p><blockquote>我们现在准备好了我的收益和现金流模型：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/9b8a5ce8ad10adb3336126cdb0a5e598\" tg-width=\"537\" tg-height=\"497\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> The ’22 forecasts are set by the assumptions above through the “gross profit” line. My overhead expense forecast assumes that AMC is working hard to limit expenses through its challenging times:</p><p><blockquote>22 年的预测是通过 “毛利润 ”行根据上述假设确定的。我的管理费用预测假设 AMC 正在努力在充满挑战的时期限制费用：</blockquote></p><p> <ul>  <li><i>Depreciation/amortization</i>is a combination of accounting expenses for real estate and acquisitions. Write-downs taken during the pandemic should have reduced these expenses.</li>  <li><i>Interest expense</i>should decline as AMC pays down some debt with the equity it has been raising.</li> </ul> <b>The gravitational pull of earnings</b></p><p><blockquote><ul><li><i>折旧╱摊销</i>是房地产和收购的会计费用的组合。疫情期间进行的减记应该会减少这些费用。</li><li><i>利息支出</i>随着 AMC 用其筹集的股本偿还部分债务，应该会下降。</li></ul><b>盈利的引力</b></blockquote></p><p> We arrive at the bottom line. The best-case scenario I can see for 2022 EPS is roughly breakeven. More likely is a modest loss. Cash flow should be somewhat worse, because the cash capital spending needed by AMC to keep its theaters attractive to a shrinking audience should exceed its non-cash depreciation/amortization expenses. If capital spending is much lower than I forecast, it is probably because AMC management is conceding that it is in a death spiral and wants to milk what cash it can.</p><p><blockquote>我们到达了底线。我能看到的 2022 年每股收益的最佳情况大致是盈亏平衡。更有可能的是小幅亏损。现金流应该会更糟，因为 AMC 为保持其影院对不断萎缩的观众的吸引力而需要的现金资本支出应该会超过其非现金折旧/摊销费用。如果资本支出远低于我的预测，那可能是因为 AMC 管理层承认自己正处于死亡螺旋之中，并希望尽可能多地榨取现金。</blockquote></p><p> <i>The bottom line - no support for investors.</i>AMC’s book value is negative. It appears incapable of earning any material money post-COVID. Its business is in long-term decline due to technology changes, and its new competitors are monster companies – Netflix, Disney, Comcast, etc. – with huge resources. An investor can only look at AMC’s current $55 stock price and with a shudder say, in the immortal words of<i>Trading Places</i>, “Sell Mortimer, sell!”</p><p><blockquote><i>底线——不支持投资者。</i>AMC 的账面价值为负。在COVID之后，它似乎无法赚到任何实质性的钱。由于技术变革，其业务长期下滑，其新的竞争对手是拥有巨大资源的怪物公司——网飞、迪士尼、康卡斯特等。投资者只能看着 AMC 目前 55 美元的股价，不寒而栗地说，用不朽的名言来说，<i>交易场所</i>“卖掉莫蒂默，卖掉!”</blockquote></p><p> <b>The speculative play - a short squeeze: A historical cautionary tale</b></p><p><blockquote><b>投机游戏——空头挤压：一个历史警示故事</b></blockquote></p><p> Millennials did not invent the short squeeze. It has been around almost as long financial markets have existed. The book<i>Business Adventures</i>by John Brooks<i>,</i>published way back in 1969, tells a vivid tale of a short squeeze even farther back, in the early 1920s. Literally a century ago. I’m going to quote from the book to suggest how the story ends for speculations with no investor support. So pour yourself some illegal hooch (we’re heading to the Prohibition Era) and read on. This is the story of Clarence Saunders, the founder of Piggly Wiggly Stores, the first supermarket; the Amazon of his day.</p><p><blockquote>千禧一代并没有发明轧空。它几乎和金融市场存在的时间一样长。书<i>商业冒险</i>约翰·布鲁克斯<i>,</i>早在1969年就出版了，讲述了一个20世纪20年代初的短暂挤压的生动故事。就在一个世纪前。我将引用书中的一段话，说明在没有投资者支持的情况下，故事的结局是如何进行猜测的。所以，给自己倒点非法的胡言乱语吧（我们正走向禁酒令时代），然后继续读下去。这是第一家超市Piggly Wiggly Stores的创始人克拉伦斯·桑德斯的故事；他那个时代的亚马逊。</blockquote></p><p> Shorts went after Clarence’s stock in 1922, driving it from $50 to below $40. Saunders vowed revenge with a short squeeze. Here are excerpts of Mr. Brooks’ recounting of the story:</p><p><blockquote>1922 年，空头追逐克拉伦斯的股票，将其从 50 美元跌至 40 美元以下。桑德斯发誓要用一个短挤压来复仇。以下是布鲁克斯先生讲述故事的节选：</blockquote></p><p>   “  <i>Saunders…bought 33,000 shares of Piggly Wiggly, mostly from short sellers; within a week he had brought the total to 105,000 – more than half of the 200,000 shares outstanding. The effectiveness of Saunders’ buying campaign was readily apparent; by late January of 1923 it had driven he price up over $60…</i>”  The sole short squeezer of yore has been replaced by herds of “apes” today, and the apes have been far better in driving up prices. By the way, believe it or not, a group of apes is apparently called a “shrewdness”. A group of apes is shrewd – interesting.</p><p><blockquote>“<i>桑德斯……购买了 33,000 股 Piggly Wiggly 股票，主要来自卖空者；不到一周，他就把股票总数增加到了10.5万股——超过了20万股流通股的一半。桑德斯收购活动的有效性显而易见；到 1923 年 1 月下旬，他的价格已经上涨了 60 多美元……</i>“昔日唯一的空头挤压者如今已被成群的 “猿猴 ”所取代，而猿猴在推高价格方面表现得更好。顺便说一句，信不信由你，一群类人猿显然被称为“精明”。一群猿类很精明——很有趣。</blockquote></p><p>   “  <i>He had made himself a bundle and had demonstrated how a poor Southern boy could teach the city slickers a lesson.”</i>  Today we have apes sticking it to hedge funds.</p><p><blockquote>“<i>他发了财，证明了一个可怜的南方男孩是如何教训城里的骗子的。”</i>今天，我们有猿猴把它粘在对冲基金上。</blockquote></p><p>   “  <i>One of the great hazards in the Corner was always that even though a player might defeat his opponents, he would discover that he had won a Pyrrhic victory. Once the short sellers had been squeezed dry, the cornerer might find that the reams of stock he had accumulated in the process were a dead weight around his neck; by pushing it all back into the market, he would drive its price down to zero.</i>”  Something to think about. What was Saunders to do?</p><p><blockquote>“<i>角落里最大的危险之一总是，即使一个玩家可能击败了他的对手，他也会发现自己赢得了一场得不偿失的胜利。一旦卖空者被榨干，角落可能会发现他在这个过程中积累的大量股票是他脖子上的沉重负担；通过将其全部推回市场，他将把其价格降至零。</i>“值得思考的事情。桑德斯该怎么办？</blockquote></p><p>   “[  <i>Saunders’] solution was to sell his $55 shares on the installment plan. In his February advertisements, he stipulated that the public could buy shares only by paying $25 down and the balance in three $10 installments</i>.”  Pretty clever, no? No:</p><p><blockquote>“[<i>桑德斯的解决方案是出售分期付款计划中价值 55 美元的股票。他在2月份的广告中规定，公众只需支付25美元的首付，余款分三期支付，每期10美元</i>很聪明，不是吗？编号：</blockquote></p><p>   “  <i>At the end of the third day, the total number of shares subscribed for was still under 25,000, and the sales that were made were canceled. Saunders had to admit that the drive had been a failure.”</i>  Uh oh. What now?</p><p><blockquote>“<i>第三天结束时，认购股份总数仍低于25,000股，已进行的销售被取消。桑德斯不得不承认这次驾驶失败了。”</i>呃哦。现在怎么办？</blockquote></p><p>   <i>“On August 22nd, the New York auction firm of Adrian H. Muller &amp; Son…knocked down 1,500 shares of Piggly Wiggly at $1 a share…The following spring Saunders went through formal bankruptcy proceedings.”</i>  Ouch.</p><p><blockquote><i>“8 月 22 日，Adrian H. Muller &amp; Son 的纽约拍卖公司.以每股 1 美元的价格拍卖了 1500 股 Piggly Wiggly 股票.次年春天，桑德斯进入了正式的破产程序”。</i>哎哟。</blockquote></p><p> <b>Buyers beware</b></p><p><blockquote><b>买家要小心</b></blockquote></p><p> As Jason Zweig noted above, speculators depend upon finding a buyer at a higher price. Today’s holders of AMC stock certainly have made life painful for many short sellers. But are there really enough new buyers to take out current shareholders above AMC’s present $28 billion market cap? Especially with the gravity of no earnings constantly weighing on the stock?</p><p><blockquote>正如杰森·茨威格上面指出的，投机者依赖于以更高的价格找到买家。如今的 AMC 股票持有者无疑让许多卖空者日子不好过。但是，在 AMC 目前 280 亿美元的市值之上，真的有足够多的新买家来收购现有股东吗？尤其是在没有盈利持续拖累股票的情况下？</blockquote></p><p></p><p> AMC shareholders, don’t win Clarence Saunders’ Pyrrhic victory. Take your $55 a share and run. Fast. Before the other speculating holders do so first.</p><p><blockquote>AMC 的股东们，不要为克拉伦斯-桑德斯的惨痛胜利而欢呼。拿着每股 55 美元就跑吧。快的。在其他投机者先这样做之前。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4435360-amc-stock-danger-signals-for-investors-and-speculators\">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":{"AMC":"AMC院线"},"source_url":"https://seekingalpha.com/article/4435360-amc-stock-danger-signals-for-investors-and-speculators","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1131310015","content_text":"Summary\n\nI stand on the shoulder of giants to guide you on AMC.\nFor investors, the gravitational pull of no earning prospects provides little support to the stock.\nA century-old cautionary tale for speculators counting on a short squeeze.\nSell before the other speculators do.\n\nRgStudio/E+ via Getty Images\nWhat are we to make of the meme stock phenomena? I tookone stab at itwith AMC Entertainment Holdings, Inc.(NYSE:AMC)a few weeks ago. I’m back for more, after reading two interesting pieces. As Isaac Newton said in 1676, “If I have seen a little further it is by standing on the shoulders of Giants.” Now I’m no Isaac Newton. For one, I’m far better looking. But like Zeke – a nickname Isaac’s friends probably never used – I too stand on the shoulders of giants. In this case the shoulders of Jason Zweig, a wonderful financial markets writer forThe Wall Street Journal, and John Brooks, author of “Business Adventures”, a book recommended by Bill Gates. I will quote liberally from both in this article, then draw the line for you to AMC.\nInvestor vs. trader vs. speculator\nJason Zweig graphically distinguished between these three types of stock buyers in hisJune 11, 2021Wall Street Journalcolumn:\n\n “\n Whenever you buy any financial asset because you have a hunch or just for kicks, or because somebody famous is hyping the heck out of it, or everybody else seems to be buying it too, you aren’t investing.You’re definitely a trader: someone who has just bought an asset. And you may be a speculator: someone who thinks other people will pay more for it than you did.”“An investor relies on internal sources of return: earnings, income, growth in the value of assets. A speculator counts on external sources of return: primarily whether somebody else will pay more, regardless of fundamental value.”\n\nSo why has AMC’s stock price been on a tear? I have one informal data source, namely the 300+ comments on my June 4 AMC article. Earnings, income, growth in the value of assetsnevercame up. What did come up was “short squeeze” and stock charts. So I expect Mr. Zweig would describe AMC’s stock as driven by traders and speculators.\nMr. Zweig also made me realize that my AMC article left out an earnings forecast. I gave lots of data on historic trends, which only implied a future direction. I correct that omission here.\nA 2022 AMC earnings forecast\nI start with the key assumptions:\n\nMy time frame for reference is 2017 to 2019. Earlier data is less relevant because AMC made a big acquisition in 2016, and 2020 and 2021 data is even less relevant because of COVID.\nThe national box officeis the major assumption.My June 4 articleshows that movie attendance has been declining since 2002. What will box office be next year? The steady growth in streaming, both in subscribers and content, certainly is a headwind. And COVID logically should increase the shift from offsite (theater) entertainment to home entertainment, as it has for shopping and working. Holding movie attendance near its ’19 level would be a minor miracle. A 10%, or even a 20%, decline is far more likely. As you can see in the table above, I make 2022 AMC EPS forecasts using all three box office assumptions.\nAMC market share.I assume a share increase from AMC’s ’17-’19 level because some competing theaters must have dropped out because of COVID financial pressures.\nAdmissions gross margin.This is the profit from ticket sales less the cost of licensing movies from their producers. I hold AMC steady with ’17-’19, but I can also imagine that movie producers seek better terms because AMC has to bid against a growing pool of streaming services desperate for content.\nFood expenses as a percent of sales.I carry forward the shockingly low number. AMC, and presumably its peers, take their food and beverage costs andmultiply them by 7 in their pricing to us moviegoers.Smuggle in your own Jujifruits and save a bundle. My best financial advice for the year.\nFood and beverage sales as a percent of ticket prices.I assume that AMC’s trend of modest increases continues.\nOperating expensesare the cost of the theater personnel, utilities, etc. I assume the gradual uptrend in the operating expense ratio continues, for two reasons. One, these operating expenses are largely fixed, and revenues will be under pressure. Second, it seems logical that the current labor shortage will pressure pay levels for low-end theater jobs.\nWe’re now ready for my earnings and cash flow models:\n\nThe ’22 forecasts are set by the assumptions above through the “gross profit” line. My overhead expense forecast assumes that AMC is working hard to limit expenses through its challenging times:\n\nDepreciation/amortizationis a combination of accounting expenses for real estate and acquisitions. Write-downs taken during the pandemic should have reduced these expenses.\nInterest expenseshould decline as AMC pays down some debt with the equity it has been raising.\n\nThe gravitational pull of earnings\nWe arrive at the bottom line. The best-case scenario I can see for 2022 EPS is roughly breakeven. More likely is a modest loss. Cash flow should be somewhat worse, because the cash capital spending needed by AMC to keep its theaters attractive to a shrinking audience should exceed its non-cash depreciation/amortization expenses. If capital spending is much lower than I forecast, it is probably because AMC management is conceding that it is in a death spiral and wants to milk what cash it can.\nThe bottom line - no support for investors.AMC’s book value is negative. It appears incapable of earning any material money post-COVID. Its business is in long-term decline due to technology changes, and its new competitors are monster companies – Netflix, Disney, Comcast, etc. – with huge resources. An investor can only look at AMC’s current $55 stock price and with a shudder say, in the immortal words ofTrading Places, “Sell Mortimer, sell!”\nThe speculative play - a short squeeze: A historical cautionary tale\nMillennials did not invent the short squeeze. It has been around almost as long financial markets have existed. The bookBusiness Adventuresby John Brooks,published way back in 1969, tells a vivid tale of a short squeeze even farther back, in the early 1920s. Literally a century ago. I’m going to quote from the book to suggest how the story ends for speculations with no investor support. So pour yourself some illegal hooch (we’re heading to the Prohibition Era) and read on. This is the story of Clarence Saunders, the founder of Piggly Wiggly Stores, the first supermarket; the Amazon of his day.\nShorts went after Clarence’s stock in 1922, driving it from $50 to below $40. Saunders vowed revenge with a short squeeze. Here are excerpts of Mr. Brooks’ recounting of the story:\n\n “\n Saunders…bought 33,000 shares of Piggly Wiggly, mostly from short sellers; within a week he had brought the total to 105,000 – more than half of the 200,000 shares outstanding. The effectiveness of Saunders’ buying campaign was readily apparent; by late January of 1923 it had driven he price up over $60…”\n\nThe sole short squeezer of yore has been replaced by herds of “apes” today, and the apes have been far better in driving up prices. By the way, believe it or not, a group of apes is apparently called a “shrewdness”. A group of apes is shrewd – interesting.\n\n “\n He had made himself a bundle and had demonstrated how a poor Southern boy could teach the city slickers a lesson.”\n\nToday we have apes sticking it to hedge funds.\n\n “\n One of the great hazards in the Corner was always that even though a player might defeat his opponents, he would discover that he had won a Pyrrhic victory. Once the short sellers had been squeezed dry, the cornerer might find that the reams of stock he had accumulated in the process were a dead weight around his neck; by pushing it all back into the market, he would drive its price down to zero.”\n\nSomething to think about. What was Saunders to do?\n\n “[\n Saunders’] solution was to sell his $55 shares on the installment plan. In his February advertisements, he stipulated that the public could buy shares only by paying $25 down and the balance in three $10 installments.”\n\nPretty clever, no? No:\n\n “\n At the end of the third day, the total number of shares subscribed for was still under 25,000, and the sales that were made were canceled. Saunders had to admit that the drive had been a failure.”\n\nUh oh. What now?\n\n“On August 22nd, the New York auction firm of Adrian H. Muller & Son…knocked down 1,500 shares of Piggly Wiggly at $1 a share…The following spring Saunders went through formal bankruptcy proceedings.”\n\nOuch.\nBuyers beware\nAs Jason Zweig noted above, speculators depend upon finding a buyer at a higher price. Today’s holders of AMC stock certainly have made life painful for many short sellers. But are there really enough new buyers to take out current shareholders above AMC’s present $28 billion market cap? Especially with the gravity of no earnings constantly weighing on the stock?\nAMC shareholders, don’t win Clarence Saunders’ Pyrrhic victory. Take your $55 a share and run. Fast. Before the other speculating holders do so first.","news_type":1,"symbols_score_info":{"AMC":0.9}},"isVote":1,"tweetType":1,"viewCount":1116,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":166318825,"gmtCreate":1623991451567,"gmtModify":1634024462071,"author":{"id":"3566899757407501","authorId":"3566899757407501","name":"chewy144","avatar":"https://static.tigerbbs.com/ee8a5b5501c749332f66b4f44ea5dfab","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3566899757407501","idStr":"3566899757407501"},"themes":[],"title":"","htmlText":"Wow lets go","listText":"Wow lets go","text":"Wow lets go","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/166318825","repostId":"2144742697","repostType":4,"isVote":1,"tweetType":1,"viewCount":1558,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":166311719,"gmtCreate":1623991435131,"gmtModify":1634024462292,"author":{"id":"3566899757407501","authorId":"3566899757407501","name":"chewy144","avatar":"https://static.tigerbbs.com/ee8a5b5501c749332f66b4f44ea5dfab","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3566899757407501","idStr":"3566899757407501"},"themes":[],"title":"","htmlText":"All in","listText":"All in","text":"All in","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/166311719","repostId":"1175693382","repostType":4,"repost":{"id":"1175693382","kind":"news","pubTimestamp":1623978463,"share":"https://www.laohunote.com/m/news/1175693382?lang=zh_CN&edition=full","pubTime":"2021-06-18 09:07","market":"hk","language":"en","title":"Alibaba Stock: The Bottoming Process Looks To Be Forming Already<blockquote>阿里巴巴-SW股票：触底过程似乎已经形成</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1175693382","media":"seekingalpha","summary":"Alibaba is probably the most undervalued growth stock right now.The company’s multiple growth drivers within a rapidly expanding market made its valuations look even more baffling.The short term technical picture may be turning bullish with a potential double bottom price action signal.When we take things into clearer perspective by comparing China’s growth rate and size of its market to that of the U.S. e-commerce market, we could see the huge differences in their sizes and growth rates as the ","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Alibaba is probably the most undervalued growth stock right now.</li>  <li>The company’s multiple growth drivers within a rapidly expanding market made its valuations look even more baffling.</li>  <li>The short term technical picture may be turning bullish with a potential double bottom price action signal.</li>  <li>We discuss the company’s multiple growth drivers and let investors judge for themselves.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/05e63c77d4f3f3dc3d618e43044638bb\" tg-width=\"768\" tg-height=\"512\"><span>Yongyuan Dai/iStock Unreleased via Getty Images</span></p><p><blockquote><ul><li>阿里巴巴-SW可能是目前最被低估的成长型股票。</li><li>该公司在快速扩张的市场中拥有多种增长动力，这使得其估值看起来更加令人困惑。</li><li>短期技术面可能会随着潜在的双底价格行动信号而转向看涨。</li><li>我们将讨论公司的多重增长动力，让投资者自己判断。</li></ul><p class=\"t-img-caption\"><span>戴永元/iStock 未通过 Getty Images 发布</span></p></blockquote></p><p> <b>The Technical Thesis</b></p><p><blockquote><b>技术论文</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7febf6ed056b0e3bc038321cdaad9b1c\" tg-width=\"1280\" tg-height=\"782\"><span>Source: TradingView</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：TradingView</span></p></blockquote></p><p> Alibaba’s&nbsp;stock price has endured a terrible 8 months ever since its Ant Financial IPO was pulled in early Nov 20, with the stock languishing in the doldrums 34% off its high. When considering the health of its long term uptrend, it’s clear that BABA has a relatively strong uptrend bias and has generally been well supported along its key 50W MA. The only other time in the last 4 years that it lost its key 50W MA support level was during the 2018 bear market where BABA dropped about 40%, but was still well supported above the important 200W MA, which we usually consider as the “last line of defense”. Right now BABA is somewhat facing a similar situation again: down 34%, lost the 50W MA, but looks to be well supported above the 200W MA. In addition to that, one interesting observation in price action analysis may lead price action traders/investors to be especially bullish: a potential double bottom formation. BABA's price is seemingly going through a double bottom like it did during the 2018 bear market before it rallied strongly thereafter. As a result, BABA’s current level may offer a possible technical buy entry point now.</p><p><blockquote>自 11 月 20 日初蚂蚁金服 IPO 被撤销以来，阿里巴巴-SW的股价经历了可怕的 8 个月，该股在低迷中萎靡不振，较高点下跌了 34%。在考虑其长期上升趋势的健康状况时，很明显，阿里巴巴具有相对较强的上升趋势偏差，并且在其关键的 50W 均线上总体上得到了良好的支撑。在过去 4 年中，它唯一一次失去关键的 50W MA 支撑位是在 2018 年熊市期间，当时阿里巴巴下跌了约 40%，但仍在重要的 200W MA 上方得到良好支撑，我们通常认为这是 “最后一道防线”。现在阿里巴巴再次面临类似的情况：下跌34%，失去了50W MA，但看起来在200W MA以上得到了很好的支撑。除此之外，价格行为分析中的一个有趣观察可能会导致价格行为交易者/投资者特别看涨：潜在的双底形成。阿里巴巴的价格似乎正在经历双底，就像 2018 年熊市期间一样，随后强劲反弹。因此，阿里巴巴目前的水平可能是一个可能的技术性买入切入点。</blockquote></p><p> <b>BABA's Fundamental Thesis: Rapidly Expanding Growth Drivers</b></p><p><blockquote><b>阿里巴巴的基本论点：快速扩张的增长动力</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/eba49f5881708929949c30628eedc5d4\" tg-width=\"934\" tg-height=\"578\"><span>Annual GMV. Data source: Company filings</span></p><p><blockquote><p class=\"t-img-caption\"><span>年度GMV。数据来源：公司文件</span></p></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a4d6c4ed3e2402f5af52b2dea8bab411\" tg-width=\"836\" tg-height=\"517\"><span>Annual e-commerce revenue. Data source: Company filings</span></p><p><blockquote><p class=\"t-img-caption\"><span>年度电子商务收入。数据来源：公司文件</span></p></blockquote></p><p> BABA’s GMV grew from 1.68T yuan to 7.49T yuan in just a matter of 7 years, which represented a CAGR of 23.8%, a truly amazing growth rate. We also saw its GMV growth being converted into revenue growth as its China commerce revenue grew from 7.67B yuan to 473.68B yuan, at a CAGR of 51% over the last 10 years. While its international footprint remains considerably smaller, it still grew at a CAGR of 30.42% over the last 10 years, which was by no means slow.</p><p><blockquote>阿里巴巴的GMV从1.68吨人民币增长到7.49吨人民币，仅用了7年时间，复合年增长率达到了23.8%，增长率着实惊人。我们还看到其 GMV 增长转化为收入增长，其中国商业收入从 76.7 亿元人民币增长到 473.68 亿元人民币，过去 10 年的复合年增长率为 51%。虽然其国际足迹仍然小得多，但在过去10年中，其CAGR仍以30.42%的速度增长，这绝不是缓慢的。</blockquote></p><p> Even though China’s e-commerce market is expected to grow considerably slower at a CAGR of 12.4% over the next three years, from 13.8T yuan, equivalent to $2.16T in 2021 to 19.6T yuan,equivalent to $3.06T by 2024, the massive size of the market still offers tremendous upside potential for BABA and its closest competitors to grow into.</p><p><blockquote>尽管未来三年中国电子商务市场的增长速度预计将大幅放缓，复合年增长率为 12.4%，从 2021 年的 13.8 万亿元人民币（相当于 2.16 万亿元人民币）下降到 2024 年的 19.6 万亿元人民币（相当于 3.06 万亿元人民币），但庞大的市场规模仍然为阿里巴巴及其最接近的竞争对手提供了巨大的增长潜力。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ffe2dee43f267e1d1399c68e3ca60f36\" tg-width=\"600\" tg-height=\"371\"><span>E-commerce revenue in the U.S. Data source: Statista</span></p><p><blockquote><p class=\"t-img-caption\"><span>美国电子商务收入数据来源：Statista</span></p></blockquote></p><p> When we take things into clearer perspective by comparing China’s growth rate and size of its market to that of the U.S. e-commerce market, we could see the huge differences in their sizes and growth rates as the U.S. e-commerce market is only expected to grow at a CAGR of 4.67% from 2021 to 2025, which is significantly slower than China’s 12.4%. In addition, the U.S. market is also expected to reach about $563B in total revenue, which is 18% of what the China market is expected to be worth by then.</p><p><blockquote>当我们将中国市场的增长率和规模与美国电子商务市场进行比较时，我们可以看到它们在规模和增长率上的巨大差异，因为美国电子商务市场从 2021 年到 2025 年的复合年增长率预计仅为 4.67%，大大低于中国的 12.4%。此外，美国市场的总收入预计也将达到约 5630 亿美元，相当于届时中国市场预期价值的 18%。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0d5a8d0d8a6a2dcdf667a6f33c6c9771\" tg-width=\"1280\" tg-height=\"702\"><span>Peers EBIT Margin and Projected EBIT Margin. Data source: S&amp;P Capital IQ</span></p><p><blockquote><p class=\"t-img-caption\"><span>同行息税前利润率和预计息税前利润率。数据来源：S&amp;P Capital IQ</span></p></blockquote></p><p> Even though Alibaba has been facing increased competitive pressures from its fast growing key competitors: JD.com(NASDAQ:JD)and Pinduoduo(NASDAQ:PDD), BABA has already been operating a much more profitable business (both EBIT and FCF), and is expected to continue delivering strong profitability moving forward, which should give the company tremendous flexibility to compete head on with JD and PDD in its quest to extend its leadership. Investors may observe that BABA’s EBIT margin was affected by the one-off administrative penalty of $2,782M that was reflected in its SG&amp;A, and therefore skewed its EBIT margin to the downside.</p><p><blockquote>尽管阿里巴巴-SW一直面临着来自其快速增长的主要竞争对手京东（纳斯达克股票代码：JD）和拼多多（纳斯达克股票代码：PDD）的越来越大的竞争压力，但阿里巴巴已经经营着一项利润更高的业务（息税前税前利润和自由现金流），并且预计将继续实现强劲的盈利能力展望未来，这将为该公司提供巨大的灵活性，以与京东和PDD正面竞争，以扩大其领导地位。投资者可能会注意到，阿里巴巴的息税前利润率受到了其 SG&amp;A 中反映的 27.82 亿美元一次性行政罚款的影响，因此其息税前利润率向下倾斜。</blockquote></p><p></p><p> One important move was the company’s decision to further its investment in the Community Marketplace, which is PDD’s main e-commerce strategy that saw PDD gain a total of&nbsp;823M AAC&nbsp;in its latest quarter as compared to BABA’s 891M AAC. PDD’s AAC growth is truly phenomenal considering it had only&nbsp;100M AAC in Q2’C17&nbsp;as compared to BABA’s 466M AAC in the same period.</p><p><blockquote>其中一个重要举措是公司决定进一步投资社区市场，这是 PDD 的主要电子商务战略，PDD 在最近一个季度共获得了 8.23 亿 AAC，而阿里巴巴的 8.91 亿 AAC。考虑到 2017 年第二季度 PDD 的 AAC 数量仅为 1 亿，而同期阿里巴巴的 AAC 数量为 4.66 亿，PDD 的 AAC 增长确实惊人。</blockquote></p><p> Therefore, the momentum of growth has surely swung over to the Community Marketplace segment and BABA would need to pull out its big guns (which it has) to compete for dominance with PDD and JD.</p><p><blockquote>因此，增长势头肯定已经转移到社区市场领域，阿里巴巴需要拿出它的大枪（它已经拥有）来与PDD和京东争夺主导地位。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3b83b69b08b1f4b11a26393c8e6eead5\" tg-width=\"600\" tg-height=\"371\"><span>Market size of community group buying in China. Data source: iiMedia Research</span></p><p><blockquote><p class=\"t-img-caption\"><span>中国社区团购的市场规模。数据来源：艾媒咨询</span></p></blockquote></p><p> Even though the expected total market size of 102B yuan by 2022 represented only about 21.5% of BABA’s FY 21 China commerce revenue, the expected rapid CAGR of 44.22% over 3 years from 2019 to 2022 cannot be missed by BABA. Although the market is still relatively small, BABA cannot allow the current leader in this market: PDD to so easily dominate and gobble up the early high growth rates at the ignorance of everyone else. Certainly BABA must compete and fight for its place in this segment and strive for early leadership to prevent PDD from extending its lead.</p><p><blockquote>尽管预计到 2022 年 1020 亿元人民币的总市场规模仅占阿里巴巴 21 财年中国商业收入的 21.5% 左右，但阿里巴巴不能错过 2019 年至 2022 年 3 年间 44.22% 的快速复合年增长率。虽然这个市场还比较小，但阿里巴巴不能让这个市场目前的领头羊：PDD在众人不知情的情况下，如此轻易地占据主导地位，吞噬早期的高增长率。当然，阿里巴巴必须竞争并争取其在这一领域的地位，并争取早期领导地位，以防止PDD扩大其领先优势。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b97b2b4a8a182dc9846d8fb7e4039877\" tg-width=\"1280\" tg-height=\"770\"><span>PDD profitability metrics &amp; revenue growth forecast. Data source: S&amp;P Capital IQ</span></p><p><blockquote><p class=\"t-img-caption\"><span>PDD盈利指标和收入增长预测。数据来源：S&amp;P Capital IQ</span></p></blockquote></p><p> We could observe from the above chart that PDD is expected to continue growing its revenue rapidly over the next few years, even though they are expected to normalize subsequently. More importantly, PDD is also expected to increasingly improve its EBIT and FCF profitability moving forward. This shows that the Community Marketplace segment is an highly important growth driver that BABA must use its strength to exploit in order to deny PDD’s claim to undisputed leadership so early on in the game.</p><p><blockquote>从上图中我们可以观察到，PDD 预计将在未来几年继续快速增长其收入，尽管预计随后将恢复正常。更重要的是，PDD 预计未来还将不断提高其息税前利润和自由现金流盈利能力。这表明，社区市场是一个非常重要的增长动力，阿里巴巴必须利用其优势加以利用，才能在游戏初期否认 PDD 无可争议的领导地位。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3aadc32155b4108426a1a982e3b5b1c2\" tg-width=\"640\" tg-height=\"360\"><span>China public cloud spending. Source:China Internet Watch; Canalys</span></p><p><blockquote><p class=\"t-img-caption\"><span>中国公共云支出。来源：中国互联网观察；通道</span></p></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1c1538b9f7bdc8d6d35a72d9acf8ecbc\" tg-width=\"600\" tg-height=\"371\"><span>Size of China public cloud market. Data source: CAICT; Sina.com.cn</span></p><p><blockquote><p class=\"t-img-caption\"><span>中国公有云市场规模。数据来源：CAICT；新浪网</span></p></blockquote></p><p> BABA has a 40% share in China’s public cloud market, way ahead of its key competitors. However, it’s important to note that despite this leadership, BABA is still in heavy investment mode to continue growing its market share as China’s public cloud market is expected to grow from 26.48B yuan in 2017 to 230.74B yuan by 2023, which would represent a CAGR of 43.4%, an incredibly stellar growth rate. This is especially clear when we compare China’s growth rate to the worldwide growth rate (see below) as public cloud spending worldwide is expected to grow from $145B in 2017 to $397B by 2022, that would represent a CAGR of 22.3%.</p><p><blockquote>阿里巴巴在中国公共云市场占有 40% 的份额，远远领先于其主要竞争对手。然而，值得注意的是，尽管阿里巴巴处于领先地位，但阿里巴巴仍处于大量投资模式，以继续扩大其市场份额，因为中国公共云市场预计将从 2017 年的 264.8 亿元人民币增长到 2023 年的 2307.4 亿元人民币，复合年增长率将达到 43.4%，这是一个令人难以置信的惊人增长率。当我们将中国的增长率与全球增长率（见下文）进行比较时，这一点尤为明显，因为全球公共云支出预计将从 2017 年的 1450 亿美元增长到 2022 年的 3970 亿美元，复合年增长率将达到 22.3%。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/06198c569504bc303c34563041dfb294\" tg-width=\"600\" tg-height=\"371\"><span>Worldwide public cloud spending. Data source: Gartner</span></p><p><blockquote><p class=\"t-img-caption\"><span>全球公共云支出。数据来源：Gartner</span></p></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8482037f60575f964053ab732496bee3\" tg-width=\"1176\" tg-height=\"700\"><span>Worldwide public cloud market share. Source:CnTechPost; Gartner</span></p><p><blockquote><p class=\"t-img-caption\"><span>全球公共云市场份额。资料来源：CnTechPost；高德纳</span></p></blockquote></p><p> Therefore, I don’t find it surprising that Ali Cloud has continued to extend its lead over Alphabet’s(NASDAQ:GOOGL)(NASDAQ:GOOG)GCP with a market share of 9.5% in 2020. While AMZN remains the clear leader in the market, its market share has been coming down considerably as public cloud spending continues to expand, indicating that there is a huge potential for growth for multiple players to exist. With BABA’s leadership in the rapidly expanding Chinese market, I’m increasingly bullish on the future profit and FCF contribution from this segment to BABA’s performance over time. Although BABA’s cloud segment has not been EBIT profitable yet (FY 21 EBIT margin: -15%, FY 20 EBIT margin: -17.5%), it’s also useful to note that GCP has also not been profitable for Alphabet as well (FY 20 EBIT margin: -42.9%, FY 19 EBIT margin: -52%). Therefore, we need to give BABA some time to scale up its cloud services in APAC and in China where it is expected to have stronger leadership to allow it to grow faster and investors should expect this to be a highly profitable segment over time.</p><p><blockquote>因此，阿里云在 2020 年以 9.5% 的市场份额继续扩大对Alphabet（纳斯达克股票代码：GOOGL）（纳斯达克股票代码：GOOG）GCP 的领先优势，我并不感到惊讶。虽然亚马逊仍然是市场的明显领导者，但随着公共云支出的持续扩大，其市场份额大幅下降，这表明多个参与者存在巨大的增长潜力。凭借阿里巴巴在快速扩张的中国市场的领导地位，我越来越看好该细分市场未来的利润和自由现金流对阿里巴巴业绩的贡献。虽然阿里巴巴的云业务尚未实现息税前利润（21 财年息税前利润率：-15%，20 财年息税前利润率：-17.5%），但值得注意的是，Alphabet的 GCP 也没有实现盈利（20 财年息税前利润率：-42.9%，19 财年息税前利润率：-52%）。因此，我们需要给阿里巴巴一些时间来扩大其在亚太地区和中国的云服务，预计阿里巴巴将在这些地区拥有更强大的领导地位，使其能够更快地增长，投资者应该预计随着时间的推移，这将是一个高利润的细分市场。</blockquote></p><p> <b>BABA's Valuations Look Highly Compelling</b></p><p><blockquote><b>阿里巴巴的估值看起来非常有说服力</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/62a087c4b3ef7efc2c5dde813e3b959d\" tg-width=\"1000\" tg-height=\"600\"><span>NTM TEV / EBIT 3Y range.</span></p><p><blockquote><p class=\"t-img-caption\"><span>NTM TEV/息税前利润3年范围。</span></p></blockquote></p><p></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b2605c0e5ad364a7a43929fef204595c\" tg-width=\"1280\" tg-height=\"687\"><span>EV / Fwd EBIT and EV / Fwd Rev trend. Data source: S&amp;P Capital IQ</span></p><p><blockquote><p class=\"t-img-caption\"><span>电动汽车/前轮驱动息税前利润和电动汽车/前轮驱动转速趋势。数据来源：S&amp;P Capital IQ</span></p></blockquote></p><p> When we consider BABA's TEV / EBIT historical range, where the 3Y mean read 33.54x, BABA’s EV / Fwd EBIT trend certainly imply a hugely undervalued stock as BABA is still expected to grow its revenue and operating profits rapidly. However, as we wanted to obtain greater clarity over how its counterparts are also valued, we thought it would be useful if we value BABA’s EBIT over a set of benchmark companies that is presented below.</p><p><blockquote>当我们考虑到阿里巴巴的 TEV / EBIT 历史范围（3 年平均值为 33.54 倍）时，阿里巴巴的 EV / Fwd EBIT 趋势无疑意味着该股被严重低估，因为阿里巴巴的收入和营业利润仍有望快速增长。不过，由于我们希望更清楚地了解阿里巴巴的息税前利润是如何估值的，因此我们认为，如果我们对阿里巴巴的息税前利润进行估值，这将是有用的，如下所示。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d27873e676dfb23c98d4a69aa5861e02\" tg-width=\"1280\" tg-height=\"1117\"><span>Peers EV / EBIT Valuations. Data source: S&amp;P Capital IQ</span></p><p><blockquote><p class=\"t-img-caption\"><span>同行EV/EBIT估值。数据来源：S&amp;P Capital IQ</span></p></blockquote></p><p> By using a blend of historical and forward EBIT, we could see that BABA’s EV / EBIT really looks undervalued when compared to the median value of the set of observed values from the benchmark companies. We derived a fair value range for BABA of $294.98 at the midpoint of the range, that represented a potential upside of 40.5% based on the current stock price of $210.</p><p><blockquote>通过混合使用历史息税前利润和远期息税前利润，我们可以看到，与基准公司的一组观察值的中值相比，阿里巴巴的电动汽车/息税前利润看起来确实被低估了。我们得出阿里巴巴在区间中点的公允价值区间为 294.98 美元，基于当前 210 美元的股价，这代表着 40.5% 的潜在上涨空间。</blockquote></p><p> <b>Risks to Assumptions</b></p><p><blockquote><b>假设风险</b></blockquote></p><p> Now, it’s obviously baffling to watch how Mr. Market has decided to discount BABA to such an extent as if the company has lost all its key sources of growth, when in fact there is still so much potential upside coming from its commerce segment, the new marketplace initiatives and its growing Ali Cloud segment, among others. The main realistic reason that we identified for the stock's underperformance would simply be regulatory risk. We think investors should acknowledge that this risk is very real and at times huge Chinese companies have found themselves to be subjected to extra scrutiny (which is nothing new in fact) by the Chinese government. What’s critical here is that the Chinese government seemingly has significant clout over the behavior and actions of their tech behemoths that at times may be largely unpredictable. The market certainly hates unpredictability and therefore they may have significantly discounted BABA as a result of that. If investors are not able to handle uncertainty with regard to potentially unpredictable regulatory actions and their aftermath, then BABA may not be appropriate for you. However, if you believe that this is just a blip in BABA’s long journey, then you would surely find BABA's valuations extremely attractive right now, coupled with a long term mindset.</p><p><blockquote>现在，看着 Mr.市场决定对阿里巴巴进行折扣，就好像该公司已经失去了所有关键的增长来源，而事实上，其商业部门、新的市场计划和不断增长的阿里云部门等仍有很大的潜在上涨空间。我们认为该股表现不佳的主要现实原因仅仅是监管风险。我们认为投资者应该认识到这种风险是非常真实的，有时大型中国公司会发现自己受到中国政府的额外审查（事实上这并不是什么新鲜事）。关键在于，中国政府似乎对其科技巨头的行为和行动拥有巨大的影响力，而这些行为和行动有时在很大程度上是不可预测的。市场当然讨厌不可预测性，因此他们可能因此大幅打折阿里巴巴。如果投资者无法应对潜在不可预测的监管行动及其后果的不确定性，那么阿里巴巴可能不适合您。然而，如果你认为这只是阿里巴巴漫长征程中的一个昙花一现，那么你一定会发现阿里巴巴现在的估值极具吸引力，再加上长期思维。</blockquote></p><p> <b>Wrapping It All Up</b></p><p><blockquote><b>把这一切都包起来</b></blockquote></p><p> Alibaba has continued to deliver solid results that demonstrated the strong capability of the company to execute well. As the company continues to operate within a market with so many growth drivers that are expected to drive the company’s future growth, investors should find the current valuations highly attractive.</p><p><blockquote>阿里巴巴-SW继续交付稳健的业绩，证明了该公司良好执行的强大能力。由于公司将继续在一个拥有众多增长动力的市场中运营，这些增长动力有望推动公司未来的增长，投资者应该会发现目前的估值极具吸引力。</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>Alibaba Stock: The Bottoming Process Looks To Be Forming Already<blockquote>阿里巴巴-SW股票：触底过程似乎已经形成</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; 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}\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\">\nAlibaba Stock: The Bottoming Process Looks To Be Forming Already<blockquote>阿里巴巴-SW股票：触底过程似乎已经形成</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">seekingalpha</strong><span class=\"h-time small\">2021-06-18 09:07</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>Alibaba is probably the most undervalued growth stock right now.</li>  <li>The company’s multiple growth drivers within a rapidly expanding market made its valuations look even more baffling.</li>  <li>The short term technical picture may be turning bullish with a potential double bottom price action signal.</li>  <li>We discuss the company’s multiple growth drivers and let investors judge for themselves.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/05e63c77d4f3f3dc3d618e43044638bb\" tg-width=\"768\" tg-height=\"512\"><span>Yongyuan Dai/iStock Unreleased via Getty Images</span></p><p><blockquote><ul><li>阿里巴巴-SW可能是目前最被低估的成长型股票。</li><li>该公司在快速扩张的市场中拥有多种增长动力，这使得其估值看起来更加令人困惑。</li><li>短期技术面可能会随着潜在的双底价格行动信号而转向看涨。</li><li>我们将讨论公司的多重增长动力，让投资者自己判断。</li></ul><p class=\"t-img-caption\"><span>戴永元/iStock 未通过 Getty Images 发布</span></p></blockquote></p><p> <b>The Technical Thesis</b></p><p><blockquote><b>技术论文</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7febf6ed056b0e3bc038321cdaad9b1c\" tg-width=\"1280\" tg-height=\"782\"><span>Source: TradingView</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：TradingView</span></p></blockquote></p><p> Alibaba’s&nbsp;stock price has endured a terrible 8 months ever since its Ant Financial IPO was pulled in early Nov 20, with the stock languishing in the doldrums 34% off its high. When considering the health of its long term uptrend, it’s clear that BABA has a relatively strong uptrend bias and has generally been well supported along its key 50W MA. The only other time in the last 4 years that it lost its key 50W MA support level was during the 2018 bear market where BABA dropped about 40%, but was still well supported above the important 200W MA, which we usually consider as the “last line of defense”. Right now BABA is somewhat facing a similar situation again: down 34%, lost the 50W MA, but looks to be well supported above the 200W MA. In addition to that, one interesting observation in price action analysis may lead price action traders/investors to be especially bullish: a potential double bottom formation. BABA's price is seemingly going through a double bottom like it did during the 2018 bear market before it rallied strongly thereafter. As a result, BABA’s current level may offer a possible technical buy entry point now.</p><p><blockquote>自 11 月 20 日初蚂蚁金服 IPO 被撤销以来，阿里巴巴-SW的股价经历了可怕的 8 个月，该股在低迷中萎靡不振，较高点下跌了 34%。在考虑其长期上升趋势的健康状况时，很明显，阿里巴巴具有相对较强的上升趋势偏差，并且在其关键的 50W 均线上总体上得到了良好的支撑。在过去 4 年中，它唯一一次失去关键的 50W MA 支撑位是在 2018 年熊市期间，当时阿里巴巴下跌了约 40%，但仍在重要的 200W MA 上方得到良好支撑，我们通常认为这是 “最后一道防线”。现在阿里巴巴再次面临类似的情况：下跌34%，失去了50W MA，但看起来在200W MA以上得到了很好的支撑。除此之外，价格行为分析中的一个有趣观察可能会导致价格行为交易者/投资者特别看涨：潜在的双底形成。阿里巴巴的价格似乎正在经历双底，就像 2018 年熊市期间一样，随后强劲反弹。因此，阿里巴巴目前的水平可能是一个可能的技术性买入切入点。</blockquote></p><p> <b>BABA's Fundamental Thesis: Rapidly Expanding Growth Drivers</b></p><p><blockquote><b>阿里巴巴的基本论点：快速扩张的增长动力</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/eba49f5881708929949c30628eedc5d4\" tg-width=\"934\" tg-height=\"578\"><span>Annual GMV. Data source: Company filings</span></p><p><blockquote><p class=\"t-img-caption\"><span>年度GMV。数据来源：公司文件</span></p></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a4d6c4ed3e2402f5af52b2dea8bab411\" tg-width=\"836\" tg-height=\"517\"><span>Annual e-commerce revenue. Data source: Company filings</span></p><p><blockquote><p class=\"t-img-caption\"><span>年度电子商务收入。数据来源：公司文件</span></p></blockquote></p><p> BABA’s GMV grew from 1.68T yuan to 7.49T yuan in just a matter of 7 years, which represented a CAGR of 23.8%, a truly amazing growth rate. We also saw its GMV growth being converted into revenue growth as its China commerce revenue grew from 7.67B yuan to 473.68B yuan, at a CAGR of 51% over the last 10 years. While its international footprint remains considerably smaller, it still grew at a CAGR of 30.42% over the last 10 years, which was by no means slow.</p><p><blockquote>阿里巴巴的GMV从1.68吨人民币增长到7.49吨人民币，仅用了7年时间，复合年增长率达到了23.8%，增长率着实惊人。我们还看到其 GMV 增长转化为收入增长，其中国商业收入从 76.7 亿元人民币增长到 473.68 亿元人民币，过去 10 年的复合年增长率为 51%。虽然其国际足迹仍然小得多，但在过去10年中，其CAGR仍以30.42%的速度增长，这绝不是缓慢的。</blockquote></p><p> Even though China’s e-commerce market is expected to grow considerably slower at a CAGR of 12.4% over the next three years, from 13.8T yuan, equivalent to $2.16T in 2021 to 19.6T yuan,equivalent to $3.06T by 2024, the massive size of the market still offers tremendous upside potential for BABA and its closest competitors to grow into.</p><p><blockquote>尽管未来三年中国电子商务市场的增长速度预计将大幅放缓，复合年增长率为 12.4%，从 2021 年的 13.8 万亿元人民币（相当于 2.16 万亿元人民币）下降到 2024 年的 19.6 万亿元人民币（相当于 3.06 万亿元人民币），但庞大的市场规模仍然为阿里巴巴及其最接近的竞争对手提供了巨大的增长潜力。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ffe2dee43f267e1d1399c68e3ca60f36\" tg-width=\"600\" tg-height=\"371\"><span>E-commerce revenue in the U.S. Data source: Statista</span></p><p><blockquote><p class=\"t-img-caption\"><span>美国电子商务收入数据来源：Statista</span></p></blockquote></p><p> When we take things into clearer perspective by comparing China’s growth rate and size of its market to that of the U.S. e-commerce market, we could see the huge differences in their sizes and growth rates as the U.S. e-commerce market is only expected to grow at a CAGR of 4.67% from 2021 to 2025, which is significantly slower than China’s 12.4%. In addition, the U.S. market is also expected to reach about $563B in total revenue, which is 18% of what the China market is expected to be worth by then.</p><p><blockquote>当我们将中国市场的增长率和规模与美国电子商务市场进行比较时，我们可以看到它们在规模和增长率上的巨大差异，因为美国电子商务市场从 2021 年到 2025 年的复合年增长率预计仅为 4.67%，大大低于中国的 12.4%。此外，美国市场的总收入预计也将达到约 5630 亿美元，相当于届时中国市场预期价值的 18%。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0d5a8d0d8a6a2dcdf667a6f33c6c9771\" tg-width=\"1280\" tg-height=\"702\"><span>Peers EBIT Margin and Projected EBIT Margin. Data source: S&amp;P Capital IQ</span></p><p><blockquote><p class=\"t-img-caption\"><span>同行息税前利润率和预计息税前利润率。数据来源：S&amp;P Capital IQ</span></p></blockquote></p><p> Even though Alibaba has been facing increased competitive pressures from its fast growing key competitors: JD.com(NASDAQ:JD)and Pinduoduo(NASDAQ:PDD), BABA has already been operating a much more profitable business (both EBIT and FCF), and is expected to continue delivering strong profitability moving forward, which should give the company tremendous flexibility to compete head on with JD and PDD in its quest to extend its leadership. Investors may observe that BABA’s EBIT margin was affected by the one-off administrative penalty of $2,782M that was reflected in its SG&amp;A, and therefore skewed its EBIT margin to the downside.</p><p><blockquote>尽管阿里巴巴-SW一直面临着来自其快速增长的主要竞争对手京东（纳斯达克股票代码：JD）和拼多多（纳斯达克股票代码：PDD）的越来越大的竞争压力，但阿里巴巴已经经营着一项利润更高的业务（息税前税前利润和自由现金流），并且预计将继续实现强劲的盈利能力展望未来，这将为该公司提供巨大的灵活性，以与京东和PDD正面竞争，以扩大其领导地位。投资者可能会注意到，阿里巴巴的息税前利润率受到了其 SG&amp;A 中反映的 27.82 亿美元一次性行政罚款的影响，因此其息税前利润率向下倾斜。</blockquote></p><p></p><p> One important move was the company’s decision to further its investment in the Community Marketplace, which is PDD’s main e-commerce strategy that saw PDD gain a total of&nbsp;823M AAC&nbsp;in its latest quarter as compared to BABA’s 891M AAC. PDD’s AAC growth is truly phenomenal considering it had only&nbsp;100M AAC in Q2’C17&nbsp;as compared to BABA’s 466M AAC in the same period.</p><p><blockquote>其中一个重要举措是公司决定进一步投资社区市场，这是 PDD 的主要电子商务战略，PDD 在最近一个季度共获得了 8.23 亿 AAC，而阿里巴巴的 8.91 亿 AAC。考虑到 2017 年第二季度 PDD 的 AAC 数量仅为 1 亿，而同期阿里巴巴的 AAC 数量为 4.66 亿，PDD 的 AAC 增长确实惊人。</blockquote></p><p> Therefore, the momentum of growth has surely swung over to the Community Marketplace segment and BABA would need to pull out its big guns (which it has) to compete for dominance with PDD and JD.</p><p><blockquote>因此，增长势头肯定已经转移到社区市场领域，阿里巴巴需要拿出它的大枪（它已经拥有）来与PDD和京东争夺主导地位。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3b83b69b08b1f4b11a26393c8e6eead5\" tg-width=\"600\" tg-height=\"371\"><span>Market size of community group buying in China. Data source: iiMedia Research</span></p><p><blockquote><p class=\"t-img-caption\"><span>中国社区团购的市场规模。数据来源：艾媒咨询</span></p></blockquote></p><p> Even though the expected total market size of 102B yuan by 2022 represented only about 21.5% of BABA’s FY 21 China commerce revenue, the expected rapid CAGR of 44.22% over 3 years from 2019 to 2022 cannot be missed by BABA. Although the market is still relatively small, BABA cannot allow the current leader in this market: PDD to so easily dominate and gobble up the early high growth rates at the ignorance of everyone else. Certainly BABA must compete and fight for its place in this segment and strive for early leadership to prevent PDD from extending its lead.</p><p><blockquote>尽管预计到 2022 年 1020 亿元人民币的总市场规模仅占阿里巴巴 21 财年中国商业收入的 21.5% 左右，但阿里巴巴不能错过 2019 年至 2022 年 3 年间 44.22% 的快速复合年增长率。虽然这个市场还比较小，但阿里巴巴不能让这个市场目前的领头羊：PDD在众人不知情的情况下，如此轻易地占据主导地位，吞噬早期的高增长率。当然，阿里巴巴必须竞争并争取其在这一领域的地位，并争取早期领导地位，以防止PDD扩大其领先优势。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b97b2b4a8a182dc9846d8fb7e4039877\" tg-width=\"1280\" tg-height=\"770\"><span>PDD profitability metrics &amp; revenue growth forecast. Data source: S&amp;P Capital IQ</span></p><p><blockquote><p class=\"t-img-caption\"><span>PDD盈利指标和收入增长预测。数据来源：S&amp;P Capital IQ</span></p></blockquote></p><p> We could observe from the above chart that PDD is expected to continue growing its revenue rapidly over the next few years, even though they are expected to normalize subsequently. More importantly, PDD is also expected to increasingly improve its EBIT and FCF profitability moving forward. This shows that the Community Marketplace segment is an highly important growth driver that BABA must use its strength to exploit in order to deny PDD’s claim to undisputed leadership so early on in the game.</p><p><blockquote>从上图中我们可以观察到，PDD 预计将在未来几年继续快速增长其收入，尽管预计随后将恢复正常。更重要的是，PDD 预计未来还将不断提高其息税前利润和自由现金流盈利能力。这表明，社区市场是一个非常重要的增长动力，阿里巴巴必须利用其优势加以利用，才能在游戏初期否认 PDD 无可争议的领导地位。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3aadc32155b4108426a1a982e3b5b1c2\" tg-width=\"640\" tg-height=\"360\"><span>China public cloud spending. Source:China Internet Watch; Canalys</span></p><p><blockquote><p class=\"t-img-caption\"><span>中国公共云支出。来源：中国互联网观察；通道</span></p></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1c1538b9f7bdc8d6d35a72d9acf8ecbc\" tg-width=\"600\" tg-height=\"371\"><span>Size of China public cloud market. Data source: CAICT; Sina.com.cn</span></p><p><blockquote><p class=\"t-img-caption\"><span>中国公有云市场规模。数据来源：CAICT；新浪网</span></p></blockquote></p><p> BABA has a 40% share in China’s public cloud market, way ahead of its key competitors. However, it’s important to note that despite this leadership, BABA is still in heavy investment mode to continue growing its market share as China’s public cloud market is expected to grow from 26.48B yuan in 2017 to 230.74B yuan by 2023, which would represent a CAGR of 43.4%, an incredibly stellar growth rate. This is especially clear when we compare China’s growth rate to the worldwide growth rate (see below) as public cloud spending worldwide is expected to grow from $145B in 2017 to $397B by 2022, that would represent a CAGR of 22.3%.</p><p><blockquote>阿里巴巴在中国公共云市场占有 40% 的份额，远远领先于其主要竞争对手。然而，值得注意的是，尽管阿里巴巴处于领先地位，但阿里巴巴仍处于大量投资模式，以继续扩大其市场份额，因为中国公共云市场预计将从 2017 年的 264.8 亿元人民币增长到 2023 年的 2307.4 亿元人民币，复合年增长率将达到 43.4%，这是一个令人难以置信的惊人增长率。当我们将中国的增长率与全球增长率（见下文）进行比较时，这一点尤为明显，因为全球公共云支出预计将从 2017 年的 1450 亿美元增长到 2022 年的 3970 亿美元，复合年增长率将达到 22.3%。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/06198c569504bc303c34563041dfb294\" tg-width=\"600\" tg-height=\"371\"><span>Worldwide public cloud spending. Data source: Gartner</span></p><p><blockquote><p class=\"t-img-caption\"><span>全球公共云支出。数据来源：Gartner</span></p></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8482037f60575f964053ab732496bee3\" tg-width=\"1176\" tg-height=\"700\"><span>Worldwide public cloud market share. Source:CnTechPost; Gartner</span></p><p><blockquote><p class=\"t-img-caption\"><span>全球公共云市场份额。资料来源：CnTechPost；高德纳</span></p></blockquote></p><p> Therefore, I don’t find it surprising that Ali Cloud has continued to extend its lead over Alphabet’s(NASDAQ:GOOGL)(NASDAQ:GOOG)GCP with a market share of 9.5% in 2020. While AMZN remains the clear leader in the market, its market share has been coming down considerably as public cloud spending continues to expand, indicating that there is a huge potential for growth for multiple players to exist. With BABA’s leadership in the rapidly expanding Chinese market, I’m increasingly bullish on the future profit and FCF contribution from this segment to BABA’s performance over time. Although BABA’s cloud segment has not been EBIT profitable yet (FY 21 EBIT margin: -15%, FY 20 EBIT margin: -17.5%), it’s also useful to note that GCP has also not been profitable for Alphabet as well (FY 20 EBIT margin: -42.9%, FY 19 EBIT margin: -52%). Therefore, we need to give BABA some time to scale up its cloud services in APAC and in China where it is expected to have stronger leadership to allow it to grow faster and investors should expect this to be a highly profitable segment over time.</p><p><blockquote>因此，阿里云在 2020 年以 9.5% 的市场份额继续扩大对Alphabet（纳斯达克股票代码：GOOGL）（纳斯达克股票代码：GOOG）GCP 的领先优势，我并不感到惊讶。虽然亚马逊仍然是市场的明显领导者，但随着公共云支出的持续扩大，其市场份额大幅下降，这表明多个参与者存在巨大的增长潜力。凭借阿里巴巴在快速扩张的中国市场的领导地位，我越来越看好该细分市场未来的利润和自由现金流对阿里巴巴业绩的贡献。虽然阿里巴巴的云业务尚未实现息税前利润（21 财年息税前利润率：-15%，20 财年息税前利润率：-17.5%），但值得注意的是，Alphabet的 GCP 也没有实现盈利（20 财年息税前利润率：-42.9%，19 财年息税前利润率：-52%）。因此，我们需要给阿里巴巴一些时间来扩大其在亚太地区和中国的云服务，预计阿里巴巴将在这些地区拥有更强大的领导地位，使其能够更快地增长，投资者应该预计随着时间的推移，这将是一个高利润的细分市场。</blockquote></p><p> <b>BABA's Valuations Look Highly Compelling</b></p><p><blockquote><b>阿里巴巴的估值看起来非常有说服力</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/62a087c4b3ef7efc2c5dde813e3b959d\" tg-width=\"1000\" tg-height=\"600\"><span>NTM TEV / EBIT 3Y range.</span></p><p><blockquote><p class=\"t-img-caption\"><span>NTM TEV/息税前利润3年范围。</span></p></blockquote></p><p></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b2605c0e5ad364a7a43929fef204595c\" tg-width=\"1280\" tg-height=\"687\"><span>EV / Fwd EBIT and EV / Fwd Rev trend. Data source: S&amp;P Capital IQ</span></p><p><blockquote><p class=\"t-img-caption\"><span>电动汽车/前轮驱动息税前利润和电动汽车/前轮驱动转速趋势。数据来源：S&amp;P Capital IQ</span></p></blockquote></p><p> When we consider BABA's TEV / EBIT historical range, where the 3Y mean read 33.54x, BABA’s EV / Fwd EBIT trend certainly imply a hugely undervalued stock as BABA is still expected to grow its revenue and operating profits rapidly. However, as we wanted to obtain greater clarity over how its counterparts are also valued, we thought it would be useful if we value BABA’s EBIT over a set of benchmark companies that is presented below.</p><p><blockquote>当我们考虑到阿里巴巴的 TEV / EBIT 历史范围（3 年平均值为 33.54 倍）时，阿里巴巴的 EV / Fwd EBIT 趋势无疑意味着该股被严重低估，因为阿里巴巴的收入和营业利润仍有望快速增长。不过，由于我们希望更清楚地了解阿里巴巴的息税前利润是如何估值的，因此我们认为，如果我们对阿里巴巴的息税前利润进行估值，这将是有用的，如下所示。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d27873e676dfb23c98d4a69aa5861e02\" tg-width=\"1280\" tg-height=\"1117\"><span>Peers EV / EBIT Valuations. Data source: S&amp;P Capital IQ</span></p><p><blockquote><p class=\"t-img-caption\"><span>同行EV/EBIT估值。数据来源：S&amp;P Capital IQ</span></p></blockquote></p><p> By using a blend of historical and forward EBIT, we could see that BABA’s EV / EBIT really looks undervalued when compared to the median value of the set of observed values from the benchmark companies. We derived a fair value range for BABA of $294.98 at the midpoint of the range, that represented a potential upside of 40.5% based on the current stock price of $210.</p><p><blockquote>通过混合使用历史息税前利润和远期息税前利润，我们可以看到，与基准公司的一组观察值的中值相比，阿里巴巴的电动汽车/息税前利润看起来确实被低估了。我们得出阿里巴巴在区间中点的公允价值区间为 294.98 美元，基于当前 210 美元的股价，这代表着 40.5% 的潜在上涨空间。</blockquote></p><p> <b>Risks to Assumptions</b></p><p><blockquote><b>假设风险</b></blockquote></p><p> Now, it’s obviously baffling to watch how Mr. Market has decided to discount BABA to such an extent as if the company has lost all its key sources of growth, when in fact there is still so much potential upside coming from its commerce segment, the new marketplace initiatives and its growing Ali Cloud segment, among others. The main realistic reason that we identified for the stock's underperformance would simply be regulatory risk. We think investors should acknowledge that this risk is very real and at times huge Chinese companies have found themselves to be subjected to extra scrutiny (which is nothing new in fact) by the Chinese government. What’s critical here is that the Chinese government seemingly has significant clout over the behavior and actions of their tech behemoths that at times may be largely unpredictable. The market certainly hates unpredictability and therefore they may have significantly discounted BABA as a result of that. If investors are not able to handle uncertainty with regard to potentially unpredictable regulatory actions and their aftermath, then BABA may not be appropriate for you. However, if you believe that this is just a blip in BABA’s long journey, then you would surely find BABA's valuations extremely attractive right now, coupled with a long term mindset.</p><p><blockquote>现在，看着 Mr.市场决定对阿里巴巴进行折扣，就好像该公司已经失去了所有关键的增长来源，而事实上，其商业部门、新的市场计划和不断增长的阿里云部门等仍有很大的潜在上涨空间。我们认为该股表现不佳的主要现实原因仅仅是监管风险。我们认为投资者应该认识到这种风险是非常真实的，有时大型中国公司会发现自己受到中国政府的额外审查（事实上这并不是什么新鲜事）。关键在于，中国政府似乎对其科技巨头的行为和行动拥有巨大的影响力，而这些行为和行动有时在很大程度上是不可预测的。市场当然讨厌不可预测性，因此他们可能因此大幅打折阿里巴巴。如果投资者无法应对潜在不可预测的监管行动及其后果的不确定性，那么阿里巴巴可能不适合您。然而，如果你认为这只是阿里巴巴漫长征程中的一个昙花一现，那么你一定会发现阿里巴巴现在的估值极具吸引力，再加上长期思维。</blockquote></p><p> <b>Wrapping It All Up</b></p><p><blockquote><b>把这一切都包起来</b></blockquote></p><p> Alibaba has continued to deliver solid results that demonstrated the strong capability of the company to execute well. As the company continues to operate within a market with so many growth drivers that are expected to drive the company’s future growth, investors should find the current valuations highly attractive.</p><p><blockquote>阿里巴巴-SW继续交付稳健的业绩，证明了该公司良好执行的强大能力。由于公司将继续在一个拥有众多增长动力的市场中运营，这些增长动力有望推动公司未来的增长，投资者应该会发现目前的估值极具吸引力。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4435297-alibaba-stock-bottoming-process-forming-buy-now\">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":{"BABA":"阿里巴巴","09988":"阿里巴巴-W"},"source_url":"https://seekingalpha.com/article/4435297-alibaba-stock-bottoming-process-forming-buy-now","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1175693382","content_text":"Summary\n\nAlibaba is probably the most undervalued growth stock right now.\nThe company’s multiple growth drivers within a rapidly expanding market made its valuations look even more baffling.\nThe short term technical picture may be turning bullish with a potential double bottom price action signal.\nWe discuss the company’s multiple growth drivers and let investors judge for themselves.\n\nYongyuan Dai/iStock Unreleased via Getty Images\nThe Technical Thesis\nSource: TradingView\nAlibaba’s stock price has endured a terrible 8 months ever since its Ant Financial IPO was pulled in early Nov 20, with the stock languishing in the doldrums 34% off its high. When considering the health of its long term uptrend, it’s clear that BABA has a relatively strong uptrend bias and has generally been well supported along its key 50W MA. The only other time in the last 4 years that it lost its key 50W MA support level was during the 2018 bear market where BABA dropped about 40%, but was still well supported above the important 200W MA, which we usually consider as the “last line of defense”. Right now BABA is somewhat facing a similar situation again: down 34%, lost the 50W MA, but looks to be well supported above the 200W MA. In addition to that, one interesting observation in price action analysis may lead price action traders/investors to be especially bullish: a potential double bottom formation. BABA's price is seemingly going through a double bottom like it did during the 2018 bear market before it rallied strongly thereafter. As a result, BABA’s current level may offer a possible technical buy entry point now.\nBABA's Fundamental Thesis: Rapidly Expanding Growth Drivers\nAnnual GMV. Data source: Company filings\nAnnual e-commerce revenue. Data source: Company filings\nBABA’s GMV grew from 1.68T yuan to 7.49T yuan in just a matter of 7 years, which represented a CAGR of 23.8%, a truly amazing growth rate. We also saw its GMV growth being converted into revenue growth as its China commerce revenue grew from 7.67B yuan to 473.68B yuan, at a CAGR of 51% over the last 10 years. While its international footprint remains considerably smaller, it still grew at a CAGR of 30.42% over the last 10 years, which was by no means slow.\nEven though China’s e-commerce market is expected to grow considerably slower at a CAGR of 12.4% over the next three years, from 13.8T yuan, equivalent to $2.16T in 2021 to 19.6T yuan,equivalent to $3.06T by 2024, the massive size of the market still offers tremendous upside potential for BABA and its closest competitors to grow into.\nE-commerce revenue in the U.S. Data source: Statista\nWhen we take things into clearer perspective by comparing China’s growth rate and size of its market to that of the U.S. e-commerce market, we could see the huge differences in their sizes and growth rates as the U.S. e-commerce market is only expected to grow at a CAGR of 4.67% from 2021 to 2025, which is significantly slower than China’s 12.4%. In addition, the U.S. market is also expected to reach about $563B in total revenue, which is 18% of what the China market is expected to be worth by then.\nPeers EBIT Margin and Projected EBIT Margin. Data source: S&P Capital IQ\nEven though Alibaba has been facing increased competitive pressures from its fast growing key competitors: JD.com(NASDAQ:JD)and Pinduoduo(NASDAQ:PDD), BABA has already been operating a much more profitable business (both EBIT and FCF), and is expected to continue delivering strong profitability moving forward, which should give the company tremendous flexibility to compete head on with JD and PDD in its quest to extend its leadership. Investors may observe that BABA’s EBIT margin was affected by the one-off administrative penalty of $2,782M that was reflected in its SG&A, and therefore skewed its EBIT margin to the downside.\nOne important move was the company’s decision to further its investment in the Community Marketplace, which is PDD’s main e-commerce strategy that saw PDD gain a total of 823M AAC in its latest quarter as compared to BABA’s 891M AAC. PDD’s AAC growth is truly phenomenal considering it had only 100M AAC in Q2’C17 as compared to BABA’s 466M AAC in the same period.\nTherefore, the momentum of growth has surely swung over to the Community Marketplace segment and BABA would need to pull out its big guns (which it has) to compete for dominance with PDD and JD.\nMarket size of community group buying in China. Data source: iiMedia Research\nEven though the expected total market size of 102B yuan by 2022 represented only about 21.5% of BABA’s FY 21 China commerce revenue, the expected rapid CAGR of 44.22% over 3 years from 2019 to 2022 cannot be missed by BABA. Although the market is still relatively small, BABA cannot allow the current leader in this market: PDD to so easily dominate and gobble up the early high growth rates at the ignorance of everyone else. Certainly BABA must compete and fight for its place in this segment and strive for early leadership to prevent PDD from extending its lead.\nPDD profitability metrics & revenue growth forecast. Data source: S&P Capital IQ\nWe could observe from the above chart that PDD is expected to continue growing its revenue rapidly over the next few years, even though they are expected to normalize subsequently. More importantly, PDD is also expected to increasingly improve its EBIT and FCF profitability moving forward. This shows that the Community Marketplace segment is an highly important growth driver that BABA must use its strength to exploit in order to deny PDD’s claim to undisputed leadership so early on in the game.\nChina public cloud spending. Source:China Internet Watch; Canalys\nSize of China public cloud market. Data source: CAICT; Sina.com.cn\nBABA has a 40% share in China’s public cloud market, way ahead of its key competitors. However, it’s important to note that despite this leadership, BABA is still in heavy investment mode to continue growing its market share as China’s public cloud market is expected to grow from 26.48B yuan in 2017 to 230.74B yuan by 2023, which would represent a CAGR of 43.4%, an incredibly stellar growth rate. This is especially clear when we compare China’s growth rate to the worldwide growth rate (see below) as public cloud spending worldwide is expected to grow from $145B in 2017 to $397B by 2022, that would represent a CAGR of 22.3%.\nWorldwide public cloud spending. Data source: Gartner\nWorldwide public cloud market share. Source:CnTechPost; Gartner\nTherefore, I don’t find it surprising that Ali Cloud has continued to extend its lead over Alphabet’s(NASDAQ:GOOGL)(NASDAQ:GOOG)GCP with a market share of 9.5% in 2020. While AMZN remains the clear leader in the market, its market share has been coming down considerably as public cloud spending continues to expand, indicating that there is a huge potential for growth for multiple players to exist. With BABA’s leadership in the rapidly expanding Chinese market, I’m increasingly bullish on the future profit and FCF contribution from this segment to BABA’s performance over time. Although BABA’s cloud segment has not been EBIT profitable yet (FY 21 EBIT margin: -15%, FY 20 EBIT margin: -17.5%), it’s also useful to note that GCP has also not been profitable for Alphabet as well (FY 20 EBIT margin: -42.9%, FY 19 EBIT margin: -52%). Therefore, we need to give BABA some time to scale up its cloud services in APAC and in China where it is expected to have stronger leadership to allow it to grow faster and investors should expect this to be a highly profitable segment over time.\nBABA's Valuations Look Highly Compelling\nNTM TEV / EBIT 3Y range.\nEV / Fwd EBIT and EV / Fwd Rev trend. Data source: S&P Capital IQ\nWhen we consider BABA's TEV / EBIT historical range, where the 3Y mean read 33.54x, BABA’s EV / Fwd EBIT trend certainly imply a hugely undervalued stock as BABA is still expected to grow its revenue and operating profits rapidly. However, as we wanted to obtain greater clarity over how its counterparts are also valued, we thought it would be useful if we value BABA’s EBIT over a set of benchmark companies that is presented below.\nPeers EV / EBIT Valuations. Data source: S&P Capital IQ\nBy using a blend of historical and forward EBIT, we could see that BABA’s EV / EBIT really looks undervalued when compared to the median value of the set of observed values from the benchmark companies. We derived a fair value range for BABA of $294.98 at the midpoint of the range, that represented a potential upside of 40.5% based on the current stock price of $210.\nRisks to Assumptions\nNow, it’s obviously baffling to watch how Mr. Market has decided to discount BABA to such an extent as if the company has lost all its key sources of growth, when in fact there is still so much potential upside coming from its commerce segment, the new marketplace initiatives and its growing Ali Cloud segment, among others. The main realistic reason that we identified for the stock's underperformance would simply be regulatory risk. We think investors should acknowledge that this risk is very real and at times huge Chinese companies have found themselves to be subjected to extra scrutiny (which is nothing new in fact) by the Chinese government. What’s critical here is that the Chinese government seemingly has significant clout over the behavior and actions of their tech behemoths that at times may be largely unpredictable. The market certainly hates unpredictability and therefore they may have significantly discounted BABA as a result of that. If investors are not able to handle uncertainty with regard to potentially unpredictable regulatory actions and their aftermath, then BABA may not be appropriate for you. However, if you believe that this is just a blip in BABA’s long journey, then you would surely find BABA's valuations extremely attractive right now, coupled with a long term mindset.\nWrapping It All Up\nAlibaba has continued to deliver solid results that demonstrated the strong capability of the company to execute well. As the company continues to operate within a market with so many growth drivers that are expected to drive the company’s future growth, investors should find the current valuations highly attractive.","news_type":1,"symbols_score_info":{"09988":0.9,"BABA":0.9}},"isVote":1,"tweetType":1,"viewCount":1248,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":168559439,"gmtCreate":1623979179221,"gmtModify":1634024859200,"author":{"id":"3566899757407501","authorId":"3566899757407501","name":"chewy144","avatar":"https://static.tigerbbs.com/ee8a5b5501c749332f66b4f44ea5dfab","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3566899757407501","idStr":"3566899757407501"},"themes":[],"title":"","htmlText":"Reverie","listText":"Reverie","text":"Reverie","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/168559439","repostId":"2144742686","repostType":4,"isVote":1,"tweetType":1,"viewCount":1202,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":168550718,"gmtCreate":1623979165134,"gmtModify":1634024860030,"author":{"id":"3566899757407501","authorId":"3566899757407501","name":"chewy144","avatar":"https://static.tigerbbs.com/ee8a5b5501c749332f66b4f44ea5dfab","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3566899757407501","idStr":"3566899757407501"},"themes":[],"title":"","htmlText":"Wow Facebook going up","listText":"Wow Facebook going up","text":"Wow Facebook going up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/168550718","repostId":"2144742672","repostType":4,"isVote":1,"tweetType":1,"viewCount":953,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":168527959,"gmtCreate":1623979129371,"gmtModify":1634024861686,"author":{"id":"3566899757407501","authorId":"3566899757407501","name":"chewy144","avatar":"https://static.tigerbbs.com/ee8a5b5501c749332f66b4f44ea5dfab","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3566899757407501","idStr":"3566899757407501"},"themes":[],"title":"","htmlText":"Test","listText":"Test","text":"Test","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/168527959","repostId":"1189212577","repostType":4,"isVote":1,"tweetType":1,"viewCount":1116,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":168308203,"gmtCreate":1623948685202,"gmtModify":1634025348815,"author":{"id":"3566899757407501","authorId":"3566899757407501","name":"chewy144","avatar":"https://static.tigerbbs.com/ee8a5b5501c749332f66b4f44ea5dfab","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3566899757407501","idStr":"3566899757407501"},"themes":[],"title":"","htmlText":"Test","listText":"Test","text":"Test","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/168308203","repostId":"2144742686","repostType":4,"isVote":1,"tweetType":1,"viewCount":1057,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":161326181,"gmtCreate":1623906088443,"gmtModify":1634026023932,"author":{"id":"3566899757407501","authorId":"3566899757407501","name":"chewy144","avatar":"https://static.tigerbbs.com/ee8a5b5501c749332f66b4f44ea5dfab","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3566899757407501","idStr":"3566899757407501"},"themes":[],"title":"","htmlText":"Yes","listText":"Yes","text":"Yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/161326181","repostId":"1109684071","repostType":4,"repost":{"id":"1109684071","kind":"news","pubTimestamp":1623899734,"share":"https://www.laohunote.com/m/news/1109684071?lang=zh_CN&edition=full","pubTime":"2021-06-17 11:15","market":"us","language":"en","title":"3 Cash-Rich Dividend Stocks With Rising Payouts<blockquote>3只现金充裕、派息不断增加的股息股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1109684071","media":"Motley Fool","summary":"Income investors should add these great businesses to their watch lists -- or their portfolios.","content":"<p>The stock market's rally through the late stages of the pandemic has pushed dividend yields lower and made it harder for income investors to find bargains. But there are still attractive options out there -- if you know where to look.</p><p><blockquote>大流行后期股市的上涨推低了股息收益率，使收入投资者更难找到便宜货。但是如果你知道去哪里找，仍然有吸引力的选择。</blockquote></p><p> In particular,<b>Target</b>(NYSE:TGT),<b>PepsiCo</b>(NASDAQ:PEP), and&nbsp;<b>Procter &amp; Gamble</b>(NYSE:PG)&nbsp;look like good candidates to add to your dividend stock shopping list today.</p><p><blockquote>特别是，<b>目标</b>（纽约证券交易所代码：TGT），<b>百事可乐</b>（纳斯达克股票代码：PEP），以及<b>宝洁公司</b>（纽约证券交易所股票代码：PG）看起来是今天添加到您的股息股票购物清单中的好候选人。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/069694f03fa4933eb52b4b4948f5ba5c\" tg-width=\"2000\" tg-height=\"1333\"><span>IMAGE SOURCE: GETTY IMAGES.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> <b>1. Target</b></p><p><blockquote><b>1.目标</b></blockquote></p><p> Target had almost all the ingredients to make it an ideal stock investment, even before its recent dividend hike announcement. The retailer gained&nbsp;$10 billion of new market share&nbsp;through the pandemic, and its momentum remains strong. For its fiscal first quarter, which ended May 1, its sales rose by 23%. For its fiscal Q1, rival&nbsp;<b>Walmart</b>(NYSE:WMT)&nbsp;notched a more modest 6% sales gain.</p><p><blockquote>甚至在最近宣布提高股息之前，塔吉特就几乎具备了成为理想股票投资的所有要素。该零售商通过疫情获得了 100 亿美元的新市场份额，而且发展势头依然强劲。截至 5 月 1 日的第一财季，其销售额增长了 23%。对于第一财季，竞争对手<b>沃尔玛</b>（纽约证券交易所股票代码：WMT）实现了较为温和的 6% 的销售增长。</blockquote></p><p> Shoppers are loving Target's assortment of home furnishings and its speedy fulfillment options. Demand spikes in those niches helped lift its operating income to nearly 10% of revenue in fiscal Q1 2021, compared to around 6% before the pandemic struck.</p><p><blockquote>购物者喜欢塔吉特的各种家居用品及其快速履行选项。这些利基市场的需求激增帮助其在 2021 财年第一季度的经营利润提升至收入的近 10%，而疫情爆发前这一比例约为 6%。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/12a801ac9a9d87a59418719f0c12971a\" tg-width=\"720\" tg-height=\"468\"><span>TGT OPERATING MARGIN (TTM) DATA BY YCHARTS</span></p><p><blockquote><p class=\"t-img-caption\"><span>YCHARTS 提供的 TGT 营业利润率 (TTM) 数据</span></p></blockquote></p><p> Better yet for income investors, Target is on the cusp of qualifying for&nbsp;Dividend King&nbsp;status after having just announced its 50th consecutive annual increase. That payout boost was a big one, too: 32%.</p><p><blockquote>对于收入投资者来说更好的是，塔吉特在刚刚宣布连续第 50 次年度增长后，即将获得股息之王地位。派息增长也很大：32%。</blockquote></p><p> Sure, the stock looks expensive after its rally over the past year. But it continues to earn that premium valuation by giving shareholders a healthy mix of rising dividends and revenue growth.</p><p><blockquote>当然，该股在过去一年上涨后看起来很昂贵。但它通过为股东提供不断上升的股息和收入增长的健康组合，继续赢得溢价估值。</blockquote></p><p> <b>2. PepsiCo</b></p><p><blockquote><b>2. 百事可乐</b></blockquote></p><p> Investors can overcomplicate the hunt for quality dividend stocks. Sometimes the best answers are in plain sight.</p><p><blockquote>投资者可能会使寻找优质股息股票变得过于复杂。有时候最好的答案就在眼前。</blockquote></p><p> Consumer packaged foods giant PepsiCo maintained its impressive momentum during the pandemic as sales in its snack and prepared meal segments offset slumping demand for on-the-go beverages. Sales in Q1 were up 10% on a two-year basis, management&nbsp;said in April.</p><p><blockquote>消费包装食品巨头百事可乐在疫情期间保持了令人印象深刻的势头，因为其零食和预制餐部门的销售抵消了外出饮料需求的下滑。管理层在 4 月份表示，第一季度的销售额比两年增长了 10%。</blockquote></p><p> Pepsi's relatively weak short-term earnings outlook has convinced Wall Street to leave the stock out of the latest market rally. The good news is that this means you can buy this blue chip at a relative bargain price, and get a dividend that still yields nearly 3% at current share prices.</p><p><blockquote>百事可乐相对疲软的短期盈利前景说服华尔街将该股排除在最近的市场反弹之外。好消息是，这意味着您可以以相对便宜的价格购买这只蓝筹股，并获得按当前股价计算仍收益率近 3% 的股息。</blockquote></p><p> <b>3. Procter &amp; Gamble</b></p><p><blockquote><b>3.宝洁公司</b></blockquote></p><p> Procter &amp; Gamble has raised its dividend every year since 1956, but the consumer staples powerhouse is still finding ways to impress income investors. In April, P&amp;G announced a 10% hike to its annual payout following strong sales growth at the start of 2021.</p><p><blockquote>自 1956 年以来，宝洁公司每年都提高股息，但这家消费品巨头仍在寻找给收入投资者留下深刻印象的方法。4 月，继 2021 年初销售强劲增长后，宝洁宣布将年度派息上调 10%。</blockquote></p><p> P&amp;G is sure to see a growth slowdown over the next few quarters as consumer mobility rises and time spent in the home declines. But that's no reason to avoid this stellar stock. The company dominates in dozens of consumer product niches that sell well in any economic environment, from diapers to paper towels. Its finances are stellar -- for example, cash flow rose in&nbsp;each of the last three fiscal years. And P&amp;G already leads its industry in metrics like profitability, but continues to find room to cut costs.</p><p><blockquote>随着消费者流动性的增加和居家时间的减少，宝洁肯定会在未来几个季度看到增长放缓。但这并不是回避这只明星股票的理由。该公司在数十种消费品领域占据主导地位，这些产品在任何经济环境下都畅销，从尿布到纸巾。其财务状况非常出色——例如，过去三个财年的现金流都在增长。宝洁在盈利能力等指标上已经领先行业，但仍在继续寻找削减成本的空间。</blockquote></p><p> The sum of those trends should leave income investors happy to own this stock, which today yields over 2% -- beating the 1.4% yield you could get by owning a total market&nbsp;index fund. Purchasing stable dividend stocks like P&amp;G, PepsiCo, and Target will amplify your returns without adding much extra risk to your portfolio.</p><p><blockquote>这些趋势的总和应该会让收益投资者乐于拥有这只股票，目前该股票的收益率超过 2%，超过了持有全市场指数基金所能获得的 1.4% 收益率。购买宝洁、百事可乐和塔吉特等稳定的股息股票将放大您的回报，而不会给您的投资组合增加太多额外风险。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Cash-Rich Dividend Stocks With Rising Payouts<blockquote>3只现金充裕、派息不断增加的股息股票</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\">\n3 Cash-Rich Dividend Stocks With Rising Payouts<blockquote>3只现金充裕、派息不断增加的股息股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Motley Fool</strong><span class=\"h-time small\">2021-06-17 11:15</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The stock market's rally through the late stages of the pandemic has pushed dividend yields lower and made it harder for income investors to find bargains. But there are still attractive options out there -- if you know where to look.</p><p><blockquote>大流行后期股市的上涨推低了股息收益率，使收入投资者更难找到便宜货。但是如果你知道去哪里找，仍然有吸引力的选择。</blockquote></p><p> In particular,<b>Target</b>(NYSE:TGT),<b>PepsiCo</b>(NASDAQ:PEP), and&nbsp;<b>Procter &amp; Gamble</b>(NYSE:PG)&nbsp;look like good candidates to add to your dividend stock shopping list today.</p><p><blockquote>特别是，<b>目标</b>（纽约证券交易所代码：TGT），<b>百事可乐</b>（纳斯达克股票代码：PEP），以及<b>宝洁公司</b>（纽约证券交易所股票代码：PG）看起来是今天添加到您的股息股票购物清单中的好候选人。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/069694f03fa4933eb52b4b4948f5ba5c\" tg-width=\"2000\" tg-height=\"1333\"><span>IMAGE SOURCE: GETTY IMAGES.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> <b>1. Target</b></p><p><blockquote><b>1.目标</b></blockquote></p><p> Target had almost all the ingredients to make it an ideal stock investment, even before its recent dividend hike announcement. The retailer gained&nbsp;$10 billion of new market share&nbsp;through the pandemic, and its momentum remains strong. For its fiscal first quarter, which ended May 1, its sales rose by 23%. For its fiscal Q1, rival&nbsp;<b>Walmart</b>(NYSE:WMT)&nbsp;notched a more modest 6% sales gain.</p><p><blockquote>甚至在最近宣布提高股息之前，塔吉特就几乎具备了成为理想股票投资的所有要素。该零售商通过疫情获得了 100 亿美元的新市场份额，而且发展势头依然强劲。截至 5 月 1 日的第一财季，其销售额增长了 23%。对于第一财季，竞争对手<b>沃尔玛</b>（纽约证券交易所股票代码：WMT）实现了较为温和的 6% 的销售增长。</blockquote></p><p> Shoppers are loving Target's assortment of home furnishings and its speedy fulfillment options. Demand spikes in those niches helped lift its operating income to nearly 10% of revenue in fiscal Q1 2021, compared to around 6% before the pandemic struck.</p><p><blockquote>购物者喜欢塔吉特的各种家居用品及其快速履行选项。这些利基市场的需求激增帮助其在 2021 财年第一季度的经营利润提升至收入的近 10%，而疫情爆发前这一比例约为 6%。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/12a801ac9a9d87a59418719f0c12971a\" tg-width=\"720\" tg-height=\"468\"><span>TGT OPERATING MARGIN (TTM) DATA BY YCHARTS</span></p><p><blockquote><p class=\"t-img-caption\"><span>YCHARTS 提供的 TGT 营业利润率 (TTM) 数据</span></p></blockquote></p><p> Better yet for income investors, Target is on the cusp of qualifying for&nbsp;Dividend King&nbsp;status after having just announced its 50th consecutive annual increase. That payout boost was a big one, too: 32%.</p><p><blockquote>对于收入投资者来说更好的是，塔吉特在刚刚宣布连续第 50 次年度增长后，即将获得股息之王地位。派息增长也很大：32%。</blockquote></p><p> Sure, the stock looks expensive after its rally over the past year. But it continues to earn that premium valuation by giving shareholders a healthy mix of rising dividends and revenue growth.</p><p><blockquote>当然，该股在过去一年上涨后看起来很昂贵。但它通过为股东提供不断上升的股息和收入增长的健康组合，继续赢得溢价估值。</blockquote></p><p> <b>2. PepsiCo</b></p><p><blockquote><b>2. 百事可乐</b></blockquote></p><p> Investors can overcomplicate the hunt for quality dividend stocks. Sometimes the best answers are in plain sight.</p><p><blockquote>投资者可能会使寻找优质股息股票变得过于复杂。有时候最好的答案就在眼前。</blockquote></p><p> Consumer packaged foods giant PepsiCo maintained its impressive momentum during the pandemic as sales in its snack and prepared meal segments offset slumping demand for on-the-go beverages. Sales in Q1 were up 10% on a two-year basis, management&nbsp;said in April.</p><p><blockquote>消费包装食品巨头百事可乐在疫情期间保持了令人印象深刻的势头，因为其零食和预制餐部门的销售抵消了外出饮料需求的下滑。管理层在 4 月份表示，第一季度的销售额比两年增长了 10%。</blockquote></p><p> Pepsi's relatively weak short-term earnings outlook has convinced Wall Street to leave the stock out of the latest market rally. The good news is that this means you can buy this blue chip at a relative bargain price, and get a dividend that still yields nearly 3% at current share prices.</p><p><blockquote>百事可乐相对疲软的短期盈利前景说服华尔街将该股排除在最近的市场反弹之外。好消息是，这意味着您可以以相对便宜的价格购买这只蓝筹股，并获得按当前股价计算仍收益率近 3% 的股息。</blockquote></p><p> <b>3. Procter &amp; Gamble</b></p><p><blockquote><b>3.宝洁公司</b></blockquote></p><p> Procter &amp; Gamble has raised its dividend every year since 1956, but the consumer staples powerhouse is still finding ways to impress income investors. In April, P&amp;G announced a 10% hike to its annual payout following strong sales growth at the start of 2021.</p><p><blockquote>自 1956 年以来，宝洁公司每年都提高股息，但这家消费品巨头仍在寻找给收入投资者留下深刻印象的方法。4 月，继 2021 年初销售强劲增长后，宝洁宣布将年度派息上调 10%。</blockquote></p><p> P&amp;G is sure to see a growth slowdown over the next few quarters as consumer mobility rises and time spent in the home declines. But that's no reason to avoid this stellar stock. The company dominates in dozens of consumer product niches that sell well in any economic environment, from diapers to paper towels. Its finances are stellar -- for example, cash flow rose in&nbsp;each of the last three fiscal years. And P&amp;G already leads its industry in metrics like profitability, but continues to find room to cut costs.</p><p><blockquote>随着消费者流动性的增加和居家时间的减少，宝洁肯定会在未来几个季度看到增长放缓。但这并不是回避这只明星股票的理由。该公司在数十种消费品领域占据主导地位，这些产品在任何经济环境下都畅销，从尿布到纸巾。其财务状况非常出色——例如，过去三个财年的现金流都在增长。宝洁在盈利能力等指标上已经领先行业，但仍在继续寻找削减成本的空间。</blockquote></p><p> The sum of those trends should leave income investors happy to own this stock, which today yields over 2% -- beating the 1.4% yield you could get by owning a total market&nbsp;index fund. Purchasing stable dividend stocks like P&amp;G, PepsiCo, and Target will amplify your returns without adding much extra risk to your portfolio.</p><p><blockquote>这些趋势的总和应该会让收益投资者乐于拥有这只股票，目前该股票的收益率超过 2%，超过了持有全市场指数基金所能获得的 1.4% 收益率。购买宝洁、百事可乐和塔吉特等稳定的股息股票将放大您的回报，而不会给您的投资组合增加太多额外风险。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/06/16/3-cash-rich-dividend-stocks-with-rising-payouts/\">Motley Fool</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PEP":"百事可乐","PG":"宝洁","TGT":"塔吉特"},"source_url":"https://www.fool.com/investing/2021/06/16/3-cash-rich-dividend-stocks-with-rising-payouts/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1109684071","content_text":"The stock market's rally through the late stages of the pandemic has pushed dividend yields lower and made it harder for income investors to find bargains. But there are still attractive options out there -- if you know where to look.\nIn particular,Target(NYSE:TGT),PepsiCo(NASDAQ:PEP), and Procter & Gamble(NYSE:PG) look like good candidates to add to your dividend stock shopping list today.\nIMAGE SOURCE: GETTY IMAGES.\n1. Target\nTarget had almost all the ingredients to make it an ideal stock investment, even before its recent dividend hike announcement. The retailer gained $10 billion of new market share through the pandemic, and its momentum remains strong. For its fiscal first quarter, which ended May 1, its sales rose by 23%. For its fiscal Q1, rival Walmart(NYSE:WMT) notched a more modest 6% sales gain.\nShoppers are loving Target's assortment of home furnishings and its speedy fulfillment options. Demand spikes in those niches helped lift its operating income to nearly 10% of revenue in fiscal Q1 2021, compared to around 6% before the pandemic struck.\nTGT OPERATING MARGIN (TTM) DATA BY YCHARTS\nBetter yet for income investors, Target is on the cusp of qualifying for Dividend King status after having just announced its 50th consecutive annual increase. That payout boost was a big one, too: 32%.\nSure, the stock looks expensive after its rally over the past year. But it continues to earn that premium valuation by giving shareholders a healthy mix of rising dividends and revenue growth.\n2. PepsiCo\nInvestors can overcomplicate the hunt for quality dividend stocks. Sometimes the best answers are in plain sight.\nConsumer packaged foods giant PepsiCo maintained its impressive momentum during the pandemic as sales in its snack and prepared meal segments offset slumping demand for on-the-go beverages. Sales in Q1 were up 10% on a two-year basis, management said in April.\nPepsi's relatively weak short-term earnings outlook has convinced Wall Street to leave the stock out of the latest market rally. The good news is that this means you can buy this blue chip at a relative bargain price, and get a dividend that still yields nearly 3% at current share prices.\n3. Procter & Gamble\nProcter & Gamble has raised its dividend every year since 1956, but the consumer staples powerhouse is still finding ways to impress income investors. In April, P&G announced a 10% hike to its annual payout following strong sales growth at the start of 2021.\nP&G is sure to see a growth slowdown over the next few quarters as consumer mobility rises and time spent in the home declines. But that's no reason to avoid this stellar stock. The company dominates in dozens of consumer product niches that sell well in any economic environment, from diapers to paper towels. Its finances are stellar -- for example, cash flow rose in each of the last three fiscal years. And P&G already leads its industry in metrics like profitability, but continues to find room to cut costs.\nThe sum of those trends should leave income investors happy to own this stock, which today yields over 2% -- beating the 1.4% yield you could get by owning a total market index fund. Purchasing stable dividend stocks like P&G, PepsiCo, and Target will amplify your returns without adding much extra risk to your portfolio.","news_type":1,"symbols_score_info":{"PG":0.9,"TGT":0.9,"PEP":0.9}},"isVote":1,"tweetType":1,"viewCount":932,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":161328286,"gmtCreate":1623906070545,"gmtModify":1634026024538,"author":{"id":"3566899757407501","authorId":"3566899757407501","name":"chewy144","avatar":"https://static.tigerbbs.com/ee8a5b5501c749332f66b4f44ea5dfab","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3566899757407501","idStr":"3566899757407501"},"themes":[],"title":"","htmlText":"Hi there","listText":"Hi there","text":"Hi there","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/161328286","repostId":"2144771148","repostType":4,"isVote":1,"tweetType":1,"viewCount":713,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":198086330,"gmtCreate":1620914015520,"gmtModify":1634195330340,"author":{"id":"3566899757407501","authorId":"3566899757407501","name":"chewy144","avatar":"https://static.tigerbbs.com/ee8a5b5501c749332f66b4f44ea5dfab","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3566899757407501","authorIdStr":"3566899757407501"},"themes":[],"title":"","htmlText":"Manipulate","listText":"Manipulate","text":"Manipulate","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":6,"repostSize":0,"link":"https://laohu8.com/post/198086330","repostId":"1116555518","repostType":4,"isVote":1,"tweetType":1,"viewCount":677,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":185951579,"gmtCreate":1623631284391,"gmtModify":1634031010246,"author":{"id":"3566899757407501","authorId":"3566899757407501","name":"chewy144","avatar":"https://static.tigerbbs.com/ee8a5b5501c749332f66b4f44ea5dfab","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3566899757407501","authorIdStr":"3566899757407501"},"themes":[],"title":"","htmlText":"Bull market","listText":"Bull market","text":"Bull market","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/185951579","repostId":"1146430910","repostType":4,"isVote":1,"tweetType":1,"viewCount":583,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":841548797,"gmtCreate":1635928778962,"gmtModify":1635928779114,"author":{"id":"3566899757407501","authorId":"3566899757407501","name":"chewy144","avatar":"https://static.tigerbbs.com/ee8a5b5501c749332f66b4f44ea5dfab","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3566899757407501","authorIdStr":"3566899757407501"},"themes":[],"title":"","htmlText":"Bbby let's go&nbsp;","listText":"Bbby let's go&nbsp;","text":"Bbby let's go","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/841548797","repostId":"1178338626","repostType":2,"repost":{"id":"1178338626","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":1635928227,"share":"https://www.laohunote.com/m/news/1178338626?lang=zh_CN&edition=full","pubTime":"2021-11-03 16:30","market":"us","language":"en","title":"Some meme stocks skyrocketed in premarket trading<blockquote>一些模因股票在盘前交易中飙升</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1178338626","media":"Tiger Newspress","summary":"Some meme stocks skyrocketed in premarket trading.Bed Bath & Beyond,R.R. Donnelley & Sons,Naked Bran","content":"<p>Some meme stocks skyrocketed in premarket trading.Bed Bath &amp; Beyond,R.R. Donnelley &amp; Sons,Naked Brand,Koss,Express,AMC,GameStop&nbsp;and&nbsp;BlackBerry&nbsp;soared between 4% and 62%.</p><p><blockquote>一些模因股票在盘前交易中飙升。Bed Bath &amp; Beyond, R.R.Donnelley &amp; Sons、Naked Brand、Koss、Express、AMC、GameStop 和黑莓股价飙升 4% 至 62%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/b016995062645d8011221cff13a86966\" tg-width=\"404\" tg-height=\"486\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <a href=\"https://laohu8.com/NW/1113177921\" target=\"_blank\">Bed Bath &amp; Beyond</a>,the home-goods retailer announced news that likely fueled a so-called short squeeze, where hedge funds that had bet against the stock were forced to buy back their shares to cut losses.</p><p><blockquote><a href=\"https://laohu8.com/NW/1113177921\" target=\"_blank\">床浴及其他</a>这家家居用品零售商宣布的消息可能会引发所谓的空头挤压，押注该股的对冲基金被迫回购股票以减少损失。</blockquote></p><p> Commercial-printing company&nbsp;R.R. Donnelley &amp; Sons&nbsp;Co.&nbsp;is nearing a deal to sell itself to a private-equity firm for just over $2 billion including debt, according to people familiar with the matter.</p><p><blockquote>商业印刷公司R.R。据知情人士透露，唐纳利父子公司 (Donnelley &amp; Sons Co.) 即将达成协议，以包括债务在内的略高于 20 亿美元的价格将自己出售给一家私募股权公司。</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>Some meme stocks skyrocketed in premarket trading<blockquote>一些模因股票在盘前交易中飙升</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\">\nSome meme stocks skyrocketed in premarket trading<blockquote>一些模因股票在盘前交易中飙升</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\">2021-11-03 16:30</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Some meme stocks skyrocketed in premarket trading.Bed Bath &amp; Beyond,R.R. Donnelley &amp; Sons,Naked Brand,Koss,Express,AMC,GameStop&nbsp;and&nbsp;BlackBerry&nbsp;soared between 4% and 62%.</p><p><blockquote>一些模因股票在盘前交易中飙升。Bed Bath &amp; Beyond, R.R.Donnelley &amp; Sons、Naked Brand、Koss、Express、AMC、GameStop 和黑莓股价飙升 4% 至 62%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/b016995062645d8011221cff13a86966\" tg-width=\"404\" tg-height=\"486\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <a href=\"https://laohu8.com/NW/1113177921\" target=\"_blank\">Bed Bath &amp; Beyond</a>,the home-goods retailer announced news that likely fueled a so-called short squeeze, where hedge funds that had bet against the stock were forced to buy back their shares to cut losses.</p><p><blockquote><a href=\"https://laohu8.com/NW/1113177921\" target=\"_blank\">床浴及其他</a>这家家居用品零售商宣布的消息可能会引发所谓的空头挤压，押注该股的对冲基金被迫回购股票以减少损失。</blockquote></p><p> Commercial-printing company&nbsp;R.R. Donnelley &amp; Sons&nbsp;Co.&nbsp;is nearing a deal to sell itself to a private-equity firm for just over $2 billion including debt, according to people familiar with the matter.</p><p><blockquote>商业印刷公司R.R。据知情人士透露，唐纳利父子公司 (Donnelley &amp; Sons Co.) 即将达成协议，以包括债务在内的略高于 20 亿美元的价格将自己出售给一家私募股权公司。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"EXPR":"Express, Inc.","RRD":"当纳利","BBBY":"Bed Bath & Beyond, Inc.","AMC":"AMC院线","BB":"黑莓","KOSS":"高斯电子","GME":"游戏驿站"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1178338626","content_text":"Some meme stocks skyrocketed in premarket trading.Bed Bath & Beyond,R.R. Donnelley & Sons,Naked Brand,Koss,Express,AMC,GameStop and BlackBerry soared between 4% and 62%.\n\nBed Bath & Beyond,the home-goods retailer announced news that likely fueled a so-called short squeeze, where hedge funds that had bet against the stock were forced to buy back their shares to cut losses.\nCommercial-printing company R.R. Donnelley & Sons Co. is nearing a deal to sell itself to a private-equity firm for just over $2 billion including debt, according to people familiar with the matter.","news_type":1,"symbols_score_info":{"EXPR":0.9,"KOSS":0.9,"RRD":0.9,"GME":0.9,"AMC":0.9,"NAKD":0.9,"BBBY":0.9,"BB":0.9}},"isVote":1,"tweetType":1,"viewCount":3661,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":349865599,"gmtCreate":1617589576211,"gmtModify":1634297707032,"author":{"id":"3566899757407501","authorId":"3566899757407501","name":"chewy144","avatar":"https://static.tigerbbs.com/ee8a5b5501c749332f66b4f44ea5dfab","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3566899757407501","authorIdStr":"3566899757407501"},"themes":[],"title":"","htmlText":"Yes","listText":"Yes","text":"Yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/349865599","repostId":"2124875875","repostType":2,"isVote":1,"tweetType":1,"viewCount":584,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":375920069,"gmtCreate":1619279708451,"gmtModify":1634287310985,"author":{"id":"3566899757407501","authorId":"3566899757407501","name":"chewy144","avatar":"https://static.tigerbbs.com/ee8a5b5501c749332f66b4f44ea5dfab","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3566899757407501","authorIdStr":"3566899757407501"},"themes":[],"title":"","htmlText":"Huat","listText":"Huat","text":"Huat","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/375920069","repostId":"1180713929","repostType":4,"repost":{"id":"1180713929","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":1619191972,"share":"https://www.laohunote.com/m/news/1180713929?lang=zh_CN&edition=full","pubTime":"2021-04-23 23:32","market":"us","language":"en","title":"Why AMD Stock Popped After Intel's Earnings Beat<blockquote>为什么英特尔盈利超出预期后 AMD 股价飙升</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1180713929","media":"Tiger Newspress","summary":"Here's a hint: It's not because Intel reported great news.What happenedShares of rising Intel (NASDA","content":"<p>Here's a hint: It's not because Intel reported great news.</p><p><blockquote>这里有一个提示：这并不是因为英特尔报道了好消息。</blockquote></p><p><b>What happened</b></p><p><blockquote><b>发生了什么事</b></blockquote></p><p>Shares of rising&nbsp;<b>Intel</b>&nbsp;(NASDAQ:INTC)&nbsp;rival and fellow&nbsp;semiconductors&nbsp;giant&nbsp;<b>Advanced Micro Devices</b>&nbsp;(NASDAQ:AMD)&nbsp;popped in early trading on the Nasdaq Friday, the first day afterIntel's disappointing Q1 2021 earnings report. AMD's shares were up 4.5% as of 11:30 a.m. EDT.</p><p><blockquote>瑞星股份<b>英特尔</b>（纳斯达克股票代码：INTC）竞争对手和同行半导体巨头<b>先进微器件</b>（纳斯达克股票代码：AMD）周五在纳斯达克早盘交易中大幅上涨，这是英特尔令人失望的 2021 年第一季度收益报告发布后的第一天。截至美国东部时间上午 11:30，AMD 股价上涨 4.5%。</blockquote></p><p><img src=\"https://static.tigerbbs.com/368e9bc79febd0164dab4a88ffd13c42\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/cf04377bf945cfdaa9a52157bb5560f7\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><b>So what</b></p><p><blockquote><b>那又怎样</b></blockquote></p><p>Intel, if you haven't heard, actually&nbsp;beat&nbsp;on its Q1 earnings. Despite sales declining 1% year over year, the company managed to report a pro forma profit of $1.39 per share, which was ahead of analyst expectations.</p><p><blockquote>如果你还没听说过的话，英特尔第一季度的盈利实际上超出了预期。尽管销售额同比下降 1%，但该公司仍实现了每股 1.39 美元的备考利润，超出了分析师的预期。</blockquote></p><p>Regardless, Intel reported a steep 540 basis point decline in its gross margin to 55.2%, and it saw its operating margin cut nearly in half as the company spent heavily to race to catch up to its rivals in advanced computer chips. Analysts at Citigroup commented yesterday that Intel stock appears to be close to its peak valuation and is likely to decline as investors acclimate to the new environment in which Intel is losing, not gaining, market share.</p><p><blockquote>无论如何，英特尔报告其毛利率大幅下降 540 个基点至 55.2%，并且由于该公司斥巨资在先进计算机芯片领域追赶竞争对手，其营业利润率下降了近一半。花旗集团分析师昨日评论称，英特尔股价似乎已接近峰值估值，随着投资者适应英特尔市场份额正在失去而不是增加的新环境，英特尔股价可能会下跌。</blockquote></p><p>And the reason this is good news for&nbsp;AMD&nbsp;is that, according to Citi at least, it's AMD that's taking that market share away from Intel.</p><p><blockquote>这对 AMD 来说是个好消息的原因是，至少根据花旗的说法，是 AMD 从英特尔手中夺走了市场份额。</blockquote></p><p><b>Now what</b></p><p><blockquote><b>现在呢</b></blockquote></p><p>So what's an investor to do with all this information?</p><p><blockquote>那么投资者该如何处理所有这些信息呢？</blockquote></p><p>At a valuation of just 13.6 times trailing earnings, Intel stock certainly looks like a relative bargain when compared with AMD stock, which trades at 38.4 times earnings. But AMD has acash-rich balance sheet, versus Intel that's carrying $13.5 billion in net debt. And analysts see Intel's earnings growing only 10% annually over the next five years, while AMD is pegged for 29.5% annualized earnings growth, according toS&amp;P Global Market Intelligencedata.</p><p><blockquote>英特尔股票的估值仅为历史市盈率的 13.6 倍，与市盈率为 38.4 倍的 AMD 股票相比，看起来确实相对便宜。但 AMD 的资产负债表现金充裕，而英特尔的净债务为 135 亿美元。根据 toS&amp;P Global Market Intelligencedata，分析师预计英特尔未来五年的盈利年增长率仅为 10%，而 AMD 的年化盈利增长率为 29.5%。</blockquote></p><p>Intel may&nbsp;look&nbsp;like&nbsp;a value stockright now, but it's AMD that's gotall the momentum.</p><p><blockquote>英特尔现在可能看起来像是一只价值股，但 AMD 正在推动这一势头。</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>Why AMD Stock Popped After Intel's Earnings Beat<blockquote>为什么英特尔盈利超出预期后 AMD 股价飙升</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\">\nWhy AMD Stock Popped After Intel's Earnings Beat<blockquote>为什么英特尔盈利超出预期后 AMD 股价飙升</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\">2021-04-23 23:32</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Here's a hint: It's not because Intel reported great news.</p><p><blockquote>这里有一个提示：这并不是因为英特尔报道了好消息。</blockquote></p><p><b>What happened</b></p><p><blockquote><b>发生了什么事</b></blockquote></p><p>Shares of rising&nbsp;<b>Intel</b>&nbsp;(NASDAQ:INTC)&nbsp;rival and fellow&nbsp;semiconductors&nbsp;giant&nbsp;<b>Advanced Micro Devices</b>&nbsp;(NASDAQ:AMD)&nbsp;popped in early trading on the Nasdaq Friday, the first day afterIntel's disappointing Q1 2021 earnings report. AMD's shares were up 4.5% as of 11:30 a.m. EDT.</p><p><blockquote>瑞星股份<b>英特尔</b>（纳斯达克股票代码：INTC）竞争对手和同行半导体巨头<b>先进微器件</b>（纳斯达克股票代码：AMD）周五在纳斯达克早盘交易中大幅上涨，这是英特尔令人失望的 2021 年第一季度收益报告发布后的第一天。截至美国东部时间上午 11:30，AMD 股价上涨 4.5%。</blockquote></p><p><img src=\"https://static.tigerbbs.com/368e9bc79febd0164dab4a88ffd13c42\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/cf04377bf945cfdaa9a52157bb5560f7\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><b>So what</b></p><p><blockquote><b>那又怎样</b></blockquote></p><p>Intel, if you haven't heard, actually&nbsp;beat&nbsp;on its Q1 earnings. Despite sales declining 1% year over year, the company managed to report a pro forma profit of $1.39 per share, which was ahead of analyst expectations.</p><p><blockquote>如果你还没听说过的话，英特尔第一季度的盈利实际上超出了预期。尽管销售额同比下降 1%，但该公司仍实现了每股 1.39 美元的备考利润，超出了分析师的预期。</blockquote></p><p>Regardless, Intel reported a steep 540 basis point decline in its gross margin to 55.2%, and it saw its operating margin cut nearly in half as the company spent heavily to race to catch up to its rivals in advanced computer chips. Analysts at Citigroup commented yesterday that Intel stock appears to be close to its peak valuation and is likely to decline as investors acclimate to the new environment in which Intel is losing, not gaining, market share.</p><p><blockquote>无论如何，英特尔报告其毛利率大幅下降 540 个基点至 55.2%，并且由于该公司斥巨资在先进计算机芯片领域追赶竞争对手，其营业利润率下降了近一半。花旗集团分析师昨日评论称，英特尔股价似乎已接近峰值估值，随着投资者适应英特尔市场份额正在失去而不是增加的新环境，英特尔股价可能会下跌。</blockquote></p><p>And the reason this is good news for&nbsp;AMD&nbsp;is that, according to Citi at least, it's AMD that's taking that market share away from Intel.</p><p><blockquote>这对 AMD 来说是个好消息的原因是，至少根据花旗的说法，是 AMD 从英特尔手中夺走了市场份额。</blockquote></p><p><b>Now what</b></p><p><blockquote><b>现在呢</b></blockquote></p><p>So what's an investor to do with all this information?</p><p><blockquote>那么投资者该如何处理所有这些信息呢？</blockquote></p><p>At a valuation of just 13.6 times trailing earnings, Intel stock certainly looks like a relative bargain when compared with AMD stock, which trades at 38.4 times earnings. But AMD has acash-rich balance sheet, versus Intel that's carrying $13.5 billion in net debt. And analysts see Intel's earnings growing only 10% annually over the next five years, while AMD is pegged for 29.5% annualized earnings growth, according toS&amp;P Global Market Intelligencedata.</p><p><blockquote>英特尔股票的估值仅为历史市盈率的 13.6 倍，与市盈率为 38.4 倍的 AMD 股票相比，看起来确实相对便宜。但 AMD 的资产负债表现金充裕，而英特尔的净债务为 135 亿美元。根据 toS&amp;P Global Market Intelligencedata，分析师预计英特尔未来五年的盈利年增长率仅为 10%，而 AMD 的年化盈利增长率为 29.5%。</blockquote></p><p>Intel may&nbsp;look&nbsp;like&nbsp;a value stockright now, but it's AMD that's gotall the momentum.</p><p><blockquote>英特尔现在可能看起来像是一只价值股，但 AMD 正在推动这一势头。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"INTC":"英特尔","AMD":"美国超微公司"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1180713929","content_text":"Here's a hint: It's not because Intel reported great news.What happenedShares of rising Intel (NASDAQ:INTC) rival and fellow semiconductors giant Advanced Micro Devices (NASDAQ:AMD) popped in early trading on the Nasdaq Friday, the first day afterIntel's disappointing Q1 2021 earnings report. AMD's shares were up 4.5% as of 11:30 a.m. EDT.So whatIntel, if you haven't heard, actually beat on its Q1 earnings. Despite sales declining 1% year over year, the company managed to report a pro forma profit of $1.39 per share, which was ahead of analyst expectations.Regardless, Intel reported a steep 540 basis point decline in its gross margin to 55.2%, and it saw its operating margin cut nearly in half as the company spent heavily to race to catch up to its rivals in advanced computer chips. Analysts at Citigroup commented yesterday that Intel stock appears to be close to its peak valuation and is likely to decline as investors acclimate to the new environment in which Intel is losing, not gaining, market share.And the reason this is good news for AMD is that, according to Citi at least, it's AMD that's taking that market share away from Intel.Now whatSo what's an investor to do with all this information?At a valuation of just 13.6 times trailing earnings, Intel stock certainly looks like a relative bargain when compared with AMD stock, which trades at 38.4 times earnings. But AMD has acash-rich balance sheet, versus Intel that's carrying $13.5 billion in net debt. And analysts see Intel's earnings growing only 10% annually over the next five years, while AMD is pegged for 29.5% annualized earnings growth, according toS&P Global Market Intelligencedata.Intel may look like a value stockright now, but it's AMD that's gotall the momentum.","news_type":1,"symbols_score_info":{"INTC":0.9,"AMD":0.9}},"isVote":1,"tweetType":1,"viewCount":652,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":134313482,"gmtCreate":1622207438046,"gmtModify":1634182860859,"author":{"id":"3566899757407501","authorId":"3566899757407501","name":"chewy144","avatar":"https://static.tigerbbs.com/ee8a5b5501c749332f66b4f44ea5dfab","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3566899757407501","authorIdStr":"3566899757407501"},"themes":[],"title":"","htmlText":"Up up","listText":"Up up","text":"Up up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/134313482","repostId":"2138102781","repostType":4,"isVote":1,"tweetType":1,"viewCount":597,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":138369508,"gmtCreate":1621910765104,"gmtModify":1631884326507,"author":{"id":"3566899757407501","authorId":"3566899757407501","name":"chewy144","avatar":"https://static.tigerbbs.com/ee8a5b5501c749332f66b4f44ea5dfab","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3566899757407501","authorIdStr":"3566899757407501"},"themes":[],"title":"","htmlText":"Hope can sustain","listText":"Hope can sustain","text":"Hope can sustain","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/138369508","repostId":"2138159407","repostType":4,"isVote":1,"tweetType":1,"viewCount":906,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":199377088,"gmtCreate":1620689052044,"gmtModify":1634197185992,"author":{"id":"3566899757407501","authorId":"3566899757407501","name":"chewy144","avatar":"https://static.tigerbbs.com/ee8a5b5501c749332f66b4f44ea5dfab","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3566899757407501","authorIdStr":"3566899757407501"},"themes":[],"title":"","htmlText":"Dead","listText":"Dead","text":"Dead","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/199377088","repostId":"1145839299","repostType":4,"repost":{"id":"1145839299","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":1620687964,"share":"https://www.laohunote.com/m/news/1145839299?lang=zh_CN&edition=full","pubTime":"2021-05-11 07:06","market":"us","language":"en","title":"Virgin Galactic shares fall after another quarterly loss, no date set for next spaceflight test<blockquote>维珍银河股价在又一次季度亏损后下跌，下一次太空飞行测试日期尚未确定</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1145839299","media":"Tiger Newspress","summary":"Virgin Galactic delivered first quarter results after the market closed on Monday, announcing that i","content":"<p>Virgin Galactic&nbsp;delivered first quarter results after the market closed on Monday, announcing that it is evaluated the target date for its next spaceflight test, which the company previously planned for this month.</p><p><blockquote>维珍银河在周一收盘后公布了第一季度业绩，宣布正在评估其下一次太空飞行测试的目标日期，该公司此前计划于本月进行测试。</blockquote></p><p> Mike Moses, Virgin Galactic's president of space missions and safety, said on the company's conference call with investors that the uncertainty stems from \"a potential wear-and-tear issue\" identified last week on VMS Eve, the aircraft that carries its spacecraft before launch. The part in question was scheduled for maintenance in the fall, Moses said, but Virgin Galactic is now studying VMS Eve \"to determine whether we need to take action now.\"</p><p><blockquote>维珍银河太空任务和安全总裁 Mike Moses 在该公司与投资者的电话会议上表示，这种不确定性源于上周在 VMS Eve 上发现的“潜在磨损问题”，VMS Eve 是发射前携带航天器的飞机。摩西说，有问题的部件计划在秋季进行维护，但维珍银河目前正在研究 VMS Eve，“以确定我们是否需要现在采取行动”。</blockquote></p><p> \"We will report back to the market next week with an update on schedule implications to our next flight,\" Moses said.</p><p><blockquote>摩西说：“我们将于下周向市场报告，并更新对我们下一次航班的时间表影响。”</blockquote></p><p> The space tourism company reported an adjusted EBITDA loss of $55.9 million, down slightly from a loss of $59.5 million in the previous quarter and below the adjusted EBITDA loss of $63.6 million expected by analysts surveyed by FactSet.</p><p><blockquote>这家太空旅游公司公布调整后 EBITDA 亏损为 5590 万美元，略低于上一季度的 5950 万美元亏损，也低于 FactSet 调查分析师预期的调整后 EBITDA 亏损 6360 万美元。</blockquote></p><p> The company booked zero dollars of revenue in the quarter, as it did in the prior quarter. Virgin Galactic had about $617 million in cash on hand at the end of the first quarter, down from about $666 million in the fourth quarter.</p><p><blockquote>与上一季度一样，该公司本季度的收入为零。维珍银河第一季度末手头现金约为 6.17 亿美元，低于第四季度的约 6.66 亿美元。</blockquote></p><p> Shares of Virgin Galactic fell more than 9% in after hours trading, having closed down 8% at $17.95 a share on Monday.</p><p><blockquote>维珍银河股价在盘后交易中下跌超过 9%，周一收盘下跌 8%，至每股 17.95 美元。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/1ac9630f49d57cb73616097667ae0239\" tg-width=\"1292\" tg-height=\"628\"></p><p><blockquote></blockquote></p><p> The stock has fallen 24% year to date – having dropped more than 70% from highs above $60 a share hit in February.</p><p><blockquote>该股今年迄今已下跌 24%，较 2 月份触及的每股 60 美元以上的高点下跌了 70% 以上。</blockquote></p><p> Virgin Galactic's stock losses accelerated over the past two months after&nbsp;delays to its test program, as well as share&nbsp;sales by chairman Chamath Palihapitiya, founderRichard Branson, andCathie Wood's new space ETF. The stock also fell after Jeff Bezos' venture Blue Origin announced plans to launch&nbsp;the first crewed flight of its space tourism rocket on July 20, a move whichUBS warned likely removes Virgin Galactic'sfirst-mover advantage.</p><p><blockquote>维珍银河的测试计划以及董事长 Chamath Palihapitiya、创始人理查德·布兰森 (Richard Branson) 和凯西·伍德 (Cathie Wood) 的新太空 ETF 出售股票后，其股价在过去两个月加速下跌。在杰夫·贝索斯的风险投资公司蓝色起源宣布计划于 7 月 20 日发射其太空旅游火箭的首次载人飞行后，该股也下跌，Chubs 警告称，此举可能会剥夺维珍银河的先发优势。</blockquote></p><p> Andrew Chanin, CEO of ProcureAM which holds Virgin Galactic in its&nbsp;Space ETF, told CNBC that the lack of certainty or timeline around the upcoming test flights means investors are starting to have \"less and less patience.\"</p><p><blockquote>在其太空 ETF 中持有维珍银河的 ProcureAM 首席执行官安德鲁·查宁 (Andrew Chanin) 告诉 CNBC，即将到来的试飞缺乏确定性或时间表，这意味着投资者开始“越来越没有耐心”。</blockquote></p><p> \"It was okay [that was] the case a couple months or even a year ago, but now with Blue Origin kind of right on their heels ... it puts some competition right in [Virgin Galactic's] immediate way – and it now seems like it's very likely that they may not be first to market,\" Chanin said.</p><p><blockquote>“几个月甚至一年前的情况还可以，但现在蓝色起源紧随其后……这给[维珍银河]带来了一些竞争——现在看来他们很可能不会是第一个上市的公司，”查宁说。</blockquote></p><p> The company is working to complete development of its SpaceShipTwo system, with four test flights remaining before Virgin Galactic begins commercial service in 2022.</p><p><blockquote>该公司正在努力完成其 SpaceShipTwo 系统的开发，在维珍银河于 2022 年开始商业服务之前，还剩下四次试飞。</blockquote></p><p> Virgin Galactic attempted the first of those four spaceflight tests in December, but the mission was cut short by an engine anomaly. The company scheduled a repeat of the flight attempt for February, but then delayed to May to give more time to address an electromagnetic interference issue with the spacecraft's flight computer. Virgin Galactic said in its first quarter report that it completed corrective work on the issue, saying VSS Unity \"is ready to start pre-flight procedures for flight.\"</p><p><blockquote>维珍银河在12月尝试了这四次太空飞行测试中的第一次，但任务因发动机异常而中断。该公司计划在二月份重复飞行尝试，但随后推迟到五月份，以便有更多时间解决航天器飞行计算机的电磁干扰问题。维珍银河在第一季度报告中表示，已经完成了针对该问题的纠正工作，并称VSS Unity“已准备好启动飞行前程序进行飞行。”</blockquote></p><p> The fourth spaceflight test, expected later this year, will carry members of the Italian Air Force for professional astronaut training. It will be Virgin Galactic's first \"full revenue flight,\" with the company disclosing it will generate $2 million – or the equivalent of $500,000 per seat.</p><p><blockquote>第四次太空飞行试验预计将于今年晚些时候进行，届时意大利空军成员将接受专业宇航员训练。这将是维珍银河的首次“全收入飞行”，该公司透露它将产生200万美元，相当于每个座位50万美元。</blockquote></p><p> In the meantime,Virgin Galactic in March unveiled the next spacecraft addition to its fleet, VSS Imagine, which is the first of its next-generation SpaceShip III class.</p><p><blockquote>与此同时，维珍银河于三月份推出了其舰队的下一艘航天器 VSS Imagine，这是其下一代 III 级航天器的第一艘。</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>Virgin Galactic shares fall after another quarterly loss, no date set for next spaceflight test<blockquote>维珍银河股价在又一次季度亏损后下跌，下一次太空飞行测试日期尚未确定</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\">\nVirgin Galactic shares fall after another quarterly loss, no date set for next spaceflight test<blockquote>维珍银河股价在又一次季度亏损后下跌，下一次太空飞行测试日期尚未确定</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\">2021-05-11 07:06</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Virgin Galactic&nbsp;delivered first quarter results after the market closed on Monday, announcing that it is evaluated the target date for its next spaceflight test, which the company previously planned for this month.</p><p><blockquote>维珍银河在周一收盘后公布了第一季度业绩，宣布正在评估其下一次太空飞行测试的目标日期，该公司此前计划于本月进行测试。</blockquote></p><p> Mike Moses, Virgin Galactic's president of space missions and safety, said on the company's conference call with investors that the uncertainty stems from \"a potential wear-and-tear issue\" identified last week on VMS Eve, the aircraft that carries its spacecraft before launch. The part in question was scheduled for maintenance in the fall, Moses said, but Virgin Galactic is now studying VMS Eve \"to determine whether we need to take action now.\"</p><p><blockquote>维珍银河太空任务和安全总裁 Mike Moses 在该公司与投资者的电话会议上表示，这种不确定性源于上周在 VMS Eve 上发现的“潜在磨损问题”，VMS Eve 是发射前携带航天器的飞机。摩西说，有问题的部件计划在秋季进行维护，但维珍银河目前正在研究 VMS Eve，“以确定我们是否需要现在采取行动”。</blockquote></p><p> \"We will report back to the market next week with an update on schedule implications to our next flight,\" Moses said.</p><p><blockquote>摩西说：“我们将于下周向市场报告，并更新对我们下一次航班的时间表影响。”</blockquote></p><p> The space tourism company reported an adjusted EBITDA loss of $55.9 million, down slightly from a loss of $59.5 million in the previous quarter and below the adjusted EBITDA loss of $63.6 million expected by analysts surveyed by FactSet.</p><p><blockquote>这家太空旅游公司公布调整后 EBITDA 亏损为 5590 万美元，略低于上一季度的 5950 万美元亏损，也低于 FactSet 调查分析师预期的调整后 EBITDA 亏损 6360 万美元。</blockquote></p><p> The company booked zero dollars of revenue in the quarter, as it did in the prior quarter. Virgin Galactic had about $617 million in cash on hand at the end of the first quarter, down from about $666 million in the fourth quarter.</p><p><blockquote>与上一季度一样，该公司本季度的收入为零。维珍银河第一季度末手头现金约为 6.17 亿美元，低于第四季度的约 6.66 亿美元。</blockquote></p><p> Shares of Virgin Galactic fell more than 9% in after hours trading, having closed down 8% at $17.95 a share on Monday.</p><p><blockquote>维珍银河股价在盘后交易中下跌超过 9%，周一收盘下跌 8%，至每股 17.95 美元。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/1ac9630f49d57cb73616097667ae0239\" tg-width=\"1292\" tg-height=\"628\"></p><p><blockquote></blockquote></p><p> The stock has fallen 24% year to date – having dropped more than 70% from highs above $60 a share hit in February.</p><p><blockquote>该股今年迄今已下跌 24%，较 2 月份触及的每股 60 美元以上的高点下跌了 70% 以上。</blockquote></p><p> Virgin Galactic's stock losses accelerated over the past two months after&nbsp;delays to its test program, as well as share&nbsp;sales by chairman Chamath Palihapitiya, founderRichard Branson, andCathie Wood's new space ETF. The stock also fell after Jeff Bezos' venture Blue Origin announced plans to launch&nbsp;the first crewed flight of its space tourism rocket on July 20, a move whichUBS warned likely removes Virgin Galactic'sfirst-mover advantage.</p><p><blockquote>维珍银河的测试计划以及董事长 Chamath Palihapitiya、创始人理查德·布兰森 (Richard Branson) 和凯西·伍德 (Cathie Wood) 的新太空 ETF 出售股票后，其股价在过去两个月加速下跌。在杰夫·贝索斯的风险投资公司蓝色起源宣布计划于 7 月 20 日发射其太空旅游火箭的首次载人飞行后，该股也下跌，Chubs 警告称，此举可能会剥夺维珍银河的先发优势。</blockquote></p><p> Andrew Chanin, CEO of ProcureAM which holds Virgin Galactic in its&nbsp;Space ETF, told CNBC that the lack of certainty or timeline around the upcoming test flights means investors are starting to have \"less and less patience.\"</p><p><blockquote>在其太空 ETF 中持有维珍银河的 ProcureAM 首席执行官安德鲁·查宁 (Andrew Chanin) 告诉 CNBC，即将到来的试飞缺乏确定性或时间表，这意味着投资者开始“越来越没有耐心”。</blockquote></p><p> \"It was okay [that was] the case a couple months or even a year ago, but now with Blue Origin kind of right on their heels ... it puts some competition right in [Virgin Galactic's] immediate way – and it now seems like it's very likely that they may not be first to market,\" Chanin said.</p><p><blockquote>“几个月甚至一年前的情况还可以，但现在蓝色起源紧随其后……这给[维珍银河]带来了一些竞争——现在看来他们很可能不会是第一个上市的公司，”查宁说。</blockquote></p><p> The company is working to complete development of its SpaceShipTwo system, with four test flights remaining before Virgin Galactic begins commercial service in 2022.</p><p><blockquote>该公司正在努力完成其 SpaceShipTwo 系统的开发，在维珍银河于 2022 年开始商业服务之前，还剩下四次试飞。</blockquote></p><p> Virgin Galactic attempted the first of those four spaceflight tests in December, but the mission was cut short by an engine anomaly. The company scheduled a repeat of the flight attempt for February, but then delayed to May to give more time to address an electromagnetic interference issue with the spacecraft's flight computer. Virgin Galactic said in its first quarter report that it completed corrective work on the issue, saying VSS Unity \"is ready to start pre-flight procedures for flight.\"</p><p><blockquote>维珍银河在12月尝试了这四次太空飞行测试中的第一次，但任务因发动机异常而中断。该公司计划在二月份重复飞行尝试，但随后推迟到五月份，以便有更多时间解决航天器飞行计算机的电磁干扰问题。维珍银河在第一季度报告中表示，已经完成了针对该问题的纠正工作，并称VSS Unity“已准备好启动飞行前程序进行飞行。”</blockquote></p><p> The fourth spaceflight test, expected later this year, will carry members of the Italian Air Force for professional astronaut training. It will be Virgin Galactic's first \"full revenue flight,\" with the company disclosing it will generate $2 million – or the equivalent of $500,000 per seat.</p><p><blockquote>第四次太空飞行试验预计将于今年晚些时候进行，届时意大利空军成员将接受专业宇航员训练。这将是维珍银河的首次“全收入飞行”，该公司透露它将产生200万美元，相当于每个座位50万美元。</blockquote></p><p> In the meantime,Virgin Galactic in March unveiled the next spacecraft addition to its fleet, VSS Imagine, which is the first of its next-generation SpaceShip III class.</p><p><blockquote>与此同时，维珍银河于三月份推出了其舰队的下一艘航天器 VSS Imagine，这是其下一代 III 级航天器的第一艘。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPCE":"维珍银河"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1145839299","content_text":"Virgin Galactic delivered first quarter results after the market closed on Monday, announcing that it is evaluated the target date for its next spaceflight test, which the company previously planned for this month.\nMike Moses, Virgin Galactic's president of space missions and safety, said on the company's conference call with investors that the uncertainty stems from \"a potential wear-and-tear issue\" identified last week on VMS Eve, the aircraft that carries its spacecraft before launch. The part in question was scheduled for maintenance in the fall, Moses said, but Virgin Galactic is now studying VMS Eve \"to determine whether we need to take action now.\"\n\"We will report back to the market next week with an update on schedule implications to our next flight,\" Moses said.\nThe space tourism company reported an adjusted EBITDA loss of $55.9 million, down slightly from a loss of $59.5 million in the previous quarter and below the adjusted EBITDA loss of $63.6 million expected by analysts surveyed by FactSet.\nThe company booked zero dollars of revenue in the quarter, as it did in the prior quarter. Virgin Galactic had about $617 million in cash on hand at the end of the first quarter, down from about $666 million in the fourth quarter.\nShares of Virgin Galactic fell more than 9% in after hours trading, having closed down 8% at $17.95 a share on Monday.\n\nThe stock has fallen 24% year to date – having dropped more than 70% from highs above $60 a share hit in February.\nVirgin Galactic's stock losses accelerated over the past two months after delays to its test program, as well as share sales by chairman Chamath Palihapitiya, founderRichard Branson, andCathie Wood's new space ETF. The stock also fell after Jeff Bezos' venture Blue Origin announced plans to launch the first crewed flight of its space tourism rocket on July 20, a move whichUBS warned likely removes Virgin Galactic'sfirst-mover advantage.\nAndrew Chanin, CEO of ProcureAM which holds Virgin Galactic in its Space ETF, told CNBC that the lack of certainty or timeline around the upcoming test flights means investors are starting to have \"less and less patience.\"\n\"It was okay [that was] the case a couple months or even a year ago, but now with Blue Origin kind of right on their heels ... it puts some competition right in [Virgin Galactic's] immediate way – and it now seems like it's very likely that they may not be first to market,\" Chanin said.\nThe company is working to complete development of its SpaceShipTwo system, with four test flights remaining before Virgin Galactic begins commercial service in 2022.\nVirgin Galactic attempted the first of those four spaceflight tests in December, but the mission was cut short by an engine anomaly. The company scheduled a repeat of the flight attempt for February, but then delayed to May to give more time to address an electromagnetic interference issue with the spacecraft's flight computer. Virgin Galactic said in its first quarter report that it completed corrective work on the issue, saying VSS Unity \"is ready to start pre-flight procedures for flight.\"\nThe fourth spaceflight test, expected later this year, will carry members of the Italian Air Force for professional astronaut training. It will be Virgin Galactic's first \"full revenue flight,\" with the company disclosing it will generate $2 million – or the equivalent of $500,000 per seat.\nIn the meantime,Virgin Galactic in March unveiled the next spacecraft addition to its fleet, VSS Imagine, which is the first of its next-generation SpaceShip III class.","news_type":1,"symbols_score_info":{"SPCE":0.9}},"isVote":1,"tweetType":1,"viewCount":566,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":355991633,"gmtCreate":1617021568422,"gmtModify":1634523101435,"author":{"id":"3566899757407501","authorId":"3566899757407501","name":"chewy144","avatar":"https://static.tigerbbs.com/ee8a5b5501c749332f66b4f44ea5dfab","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3566899757407501","authorIdStr":"3566899757407501"},"themes":[],"title":"","htmlText":"Huat","listText":"Huat","text":"Huat","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/355991633","repostId":"1196597601","repostType":4,"isVote":1,"tweetType":1,"viewCount":531,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":844459172,"gmtCreate":1636453687494,"gmtModify":1636453861188,"author":{"id":"3566899757407501","authorId":"3566899757407501","name":"chewy144","avatar":"https://static.tigerbbs.com/ee8a5b5501c749332f66b4f44ea5dfab","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3566899757407501","authorIdStr":"3566899757407501"},"themes":[],"title":"","htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/844459172","repostId":"1147764998","repostType":2,"repost":{"id":"1147764998","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":1636452714,"share":"https://www.laohunote.com/m/news/1147764998?lang=zh_CN&edition=full","pubTime":"2021-11-09 18:11","market":"us","language":"en","title":"HUYA shares rose 4.58% in premarket trading as the total net revenues for Q3 increased by 5.7%<blockquote>虎牙股价在盘前交易中上涨4.58%，第三季度总净收入增长5.7%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1147764998","media":"Tiger Newspress","summary":"HUYA Inc., a leading game live streaming platform inChina, today announced its unaudited financial r","content":"<p>HUYA Inc., a leading game live streaming platform inChina, today announced its unaudited financial results for the third quarter endedSeptember 30, 2021.</p><p><blockquote>中国领先的游戏直播平台虎牙公司今天公布了截至2021年9月30日的第三季度未经审计的财务业绩。</blockquote></p><p> <b>Third Quarter 2021 Highlights</b></p><p><blockquote><b>2021年第三季度亮点</b></blockquote></p><p> <ul>  <li><b>Total net revenues</b>&nbsp;for the third quarter of 2021 increased by 5.7% to&nbsp;RMB2,975.5 million(US$461.8 million), from&nbsp;RMB2,814.8 millionfor the same period of 2020.</li>  <li><b>Net income attributable to HUYA Inc.</b>wasRMB524.4 million(US$81.4 million) for the third quarter of 2021, compared withRMB253.0 millionfor the same period of 2020.</li>  <li><b>Non-GAAP net income attributable to HUYA Inc.</b>&nbsp;wasRMB180.0 million(US$27.9 million) for the third quarter of 2021, compared withRMB361.2 millionfor the same period of 2020.</li>  <li><b>Average mobile MAUs</b>&nbsp;<b>of Huya Live</b>in the third quarter of 2021 increased by 14.7% to 85.1 million, from 74.2 million in the same period of 2020.</li>  <li><b>Total number of paying users</b>&nbsp;<b>of Huya Live</b>in the third quarter of 2021 reached 6.0 million, compared with 6.0 million in the same period of 2020.</li> </ul> HUYA&nbsp;shares&nbsp;rose&nbsp;4.58%&nbsp;in&nbsp;premarket&nbsp;trading.<img src=\"https://static.tigerbbs.com/244e5680429f033ba138d331e9c8b573\" tg-width=\"885\" tg-height=\"592\" referrerpolicy=\"no-referrer\"></p><p><blockquote><ul><li><b>净收入总额</b>2021 年第三季度的营业额由 2020 年同期的人民币 2,814.8 百万元增长 5.7% 至人民币 2,975.5 百万元（4.618 百万美元）。</li><li><b>归属于虎牙公司的净利润。</b>2021 年第三季度为人民币 5.244 亿元（8140 万美元），而 2020 年同期为人民币 2.53 亿元。</li><li><b>归属于虎牙公司的非公认会计准则净利润。</b>2021 年第三季度为人民币 1.80 亿元（2790 万美元），而 2020 年同期为人民币 3.612 亿元。</li><li><b>平均移动鼠标</b> <b>虎牙直播</b>2021年第三季度，从2020年同期的7420万人增长14.7%至8510万人。</li><li><b>付费用户总数</b> <b>虎牙直播</b>2021年第三季度达到600万，而2020年同期为600万。</li></ul>虎牙股价盘前交易上涨4.58%。</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>HUYA shares rose 4.58% in premarket trading as the total net revenues for Q3 increased by 5.7%<blockquote>虎牙股价在盘前交易中上涨4.58%，第三季度总净收入增长5.7%</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; 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color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHUYA shares rose 4.58% in premarket trading as the total net revenues for Q3 increased by 5.7%<blockquote>虎牙股价在盘前交易中上涨4.58%，第三季度总净收入增长5.7%</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\">2021-11-09 18:11</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>HUYA Inc., a leading game live streaming platform inChina, today announced its unaudited financial results for the third quarter endedSeptember 30, 2021.</p><p><blockquote>中国领先的游戏直播平台虎牙公司今天公布了截至2021年9月30日的第三季度未经审计的财务业绩。</blockquote></p><p> <b>Third Quarter 2021 Highlights</b></p><p><blockquote><b>2021年第三季度亮点</b></blockquote></p><p> <ul>  <li><b>Total net revenues</b>&nbsp;for the third quarter of 2021 increased by 5.7% to&nbsp;RMB2,975.5 million(US$461.8 million), from&nbsp;RMB2,814.8 millionfor the same period of 2020.</li>  <li><b>Net income attributable to HUYA Inc.</b>wasRMB524.4 million(US$81.4 million) for the third quarter of 2021, compared withRMB253.0 millionfor the same period of 2020.</li>  <li><b>Non-GAAP net income attributable to HUYA Inc.</b>&nbsp;wasRMB180.0 million(US$27.9 million) for the third quarter of 2021, compared withRMB361.2 millionfor the same period of 2020.</li>  <li><b>Average mobile MAUs</b>&nbsp;<b>of Huya Live</b>in the third quarter of 2021 increased by 14.7% to 85.1 million, from 74.2 million in the same period of 2020.</li>  <li><b>Total number of paying users</b>&nbsp;<b>of Huya Live</b>in the third quarter of 2021 reached 6.0 million, compared with 6.0 million in the same period of 2020.</li> </ul> HUYA&nbsp;shares&nbsp;rose&nbsp;4.58%&nbsp;in&nbsp;premarket&nbsp;trading.<img src=\"https://static.tigerbbs.com/244e5680429f033ba138d331e9c8b573\" tg-width=\"885\" tg-height=\"592\" referrerpolicy=\"no-referrer\"></p><p><blockquote><ul><li><b>净收入总额</b>2021 年第三季度的营业额由 2020 年同期的人民币 2,814.8 百万元增长 5.7% 至人民币 2,975.5 百万元（4.618 百万美元）。</li><li><b>归属于虎牙公司的净利润。</b>2021 年第三季度为人民币 5.244 亿元（8140 万美元），而 2020 年同期为人民币 2.53 亿元。</li><li><b>归属于虎牙公司的非公认会计准则净利润。</b>2021 年第三季度为人民币 1.80 亿元（2790 万美元），而 2020 年同期为人民币 3.612 亿元。</li><li><b>平均移动鼠标</b> <b>虎牙直播</b>2021年第三季度，从2020年同期的7420万人增长14.7%至8510万人。</li><li><b>付费用户总数</b> <b>虎牙直播</b>2021年第三季度达到600万，而2020年同期为600万。</li></ul>虎牙股价盘前交易上涨4.58%。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HUYA":"虎牙"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1147764998","content_text":"HUYA Inc., a leading game live streaming platform inChina, today announced its unaudited financial results for the third quarter endedSeptember 30, 2021.\nThird Quarter 2021 Highlights\n\nTotal net revenues for the third quarter of 2021 increased by 5.7% to RMB2,975.5 million(US$461.8 million), from RMB2,814.8 millionfor the same period of 2020.\nNet income attributable to HUYA Inc.wasRMB524.4 million(US$81.4 million) for the third quarter of 2021, compared withRMB253.0 millionfor the same period of 2020.\nNon-GAAP net income attributable to HUYA Inc. wasRMB180.0 million(US$27.9 million) for the third quarter of 2021, compared withRMB361.2 millionfor the same period of 2020.\nAverage mobile MAUs of Huya Livein the third quarter of 2021 increased by 14.7% to 85.1 million, from 74.2 million in the same period of 2020.\nTotal number of paying users of Huya Livein the third quarter of 2021 reached 6.0 million, compared with 6.0 million in the same period of 2020.\n\nHUYA shares rose 4.58% in premarket trading.","news_type":1,"symbols_score_info":{"HUYA":0.9}},"isVote":1,"tweetType":1,"viewCount":3759,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"lives":[]}