LohYK的个人主页 - 老虎社区

LohYK

LohYK

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2021-12-14

$Sea Ltd(SE)$ The slides continues... While it looks oversold and undervalue now, good to stock up. If holding the bag, then do nothing.

2021-10-08

And the bear goes and bull comes just like tht

抱歉，原内容已删除

2021-11-05

Yes. They can do it

5 Large-Cap Stocks Expected to Increase Sales 313% to 1,304% by 2023<blockquote>5只大盘股预计到2023年销售额将增长313%至1,304%</blockquote>

2021-09-06

Start to buy while trending up

GameStop, Moderna, Home Depot, Kroger, and Other Stocks for Investors to Watch This Week<blockquote>游戏驿站、Moderna、家得宝、克罗格等本周值得投资者关注的股票</blockquote>

2021-10-07

Well, we wait to see. Right now there seems to be signs of reversal from the Sep/Oct correction.

抱歉，原内容已删除

2021-09-07

$IFAST CORPORATION LTD.(AIY.SI)$9 dollar should be broken today or tomorrow

2021-07-25

Likely will be but a smaller scale

Will NIO Stock Follow Tesla's Footsteps? What To Consider Between These Two EV Stocks<blockquote>蔚来股票会追随特斯拉的脚步吗？这两只电动汽车股票之间需要考虑什么</blockquote>

2021-07-16

$IFAST CORPORATION LTD.(AIY.SI)$hhold on to the price and consolidate. The results announcement will drive ifast further next week

2021-04-22

Bionano Genomics shares are trading higher after the company said sites within UK's NHS have adopted its Saphyr System. Hoseh liao!!

2021-12-04

Dead of the EV hype... ?

EV stocks dropped in morning trading<blockquote>电动汽车股早盘下跌</blockquote>

去老虎APP查看更多动态

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t":"Much have been focused on the selling but Elon actually gain more shares after the whole thing.&nbsp;- exercising the expiring options at dirt cheap prices&nbsp;- paying the billion dollar&nbsp;taxes&nbsp;In conclusion, Elon increased his holding on the company. He could he made much more if not for the taxes.","listText":"Much have been focused on the selling but Elon actually gain more shares after the whole thing.&nbsp;- exercising the expiring options at dirt cheap prices&nbsp;- paying the billion dollar&nbsp;taxes&nbsp;In conclusion, Elon increased his holding on the company. He could he made much more if not for the taxes.","text":"Much have been focused on the selling but Elon actually gain more shares after the whole thing. - exercising the expiring options at dirt cheap prices - paying the billion dollar taxes In conclusion, Elon increased his holding on the company. He could he made much more if not for the taxes.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/696449759","repostId":"1130537383","repostType":4,"isVote":1,"tweetType":1,"viewCount":3683,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3479274804085724","authorId":"3479274804085724","name":"ladyman","avatar":"https://static.laohu8.com/picture161","crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3479274804085724","idStr":"3479274804085724"},"content":"The rise and fall of Tesla's share price have little to do with whether Musk cashes out. What we really need to pay attention to is the trend of the Federal Reserve. If the Federal Reserve announces a rate hike, it means that the bull market of American stocks, which has been a master for many years, has come to an end. At this time, Tesla's share price, which is seriously overvalued, will definitely plunge.","text":"The rise and fall of Tesla's share price have little to do with whether Musk cashes out. What we really need to pay attention to is the trend of the Federal Reserve. If the Federal Reserve announces a rate hike, it means that the bull market of American stocks, which has been a master for many years, has come to an end. At this time, Tesla's share price, which is seriously overvalued, will definitely plunge.","html":"The rise and fall of Tesla's share price have little to do with whether Musk cashes out. What we really need to pay attention to is the trend of the Federal Reserve. If the Federal Reserve announces a rate hike, it means that the bull market of American stocks, which has been a master for many years, has come to an end. At this time, Tesla's share price, which is seriously overvalued, will definitely plunge."},{"author":{"id":"3479274781436276","authorId":"3479274781436276","name":"BecauseOfYou","avatar":"https://static.laohu8.com/picture117","crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3479274781436276","idStr":"3479274781436276"},"content":"Musk is a great entrepreneur. Without his leadership, Tesla would not be today. Musk almost went bankrupt two years ago, but now he is the richest man in the world. He made Tesla, not Tesla made him. In this case, what's wrong with him choosing to pay taxes in cash? Perhaps his other new projects to transform the world need more money.","text":"Musk is a great entrepreneur. Without his leadership, Tesla would not be today. Musk almost went bankrupt two years ago, but now he is the richest man in the world. He made Tesla, not Tesla made him. In this case, what's wrong with him choosing to pay taxes in cash? Perhaps his other new projects to transform the world need more money.","html":"Musk is a great entrepreneur. Without his leadership, Tesla would not be today. Musk almost went bankrupt two years ago, but now he is the richest man in the world. He made Tesla, not Tesla made him. In this case, what's wrong with him choosing to pay taxes in cash? Perhaps his other new projects to transform the world need more money."}],"imageCount":0,"langContent":"CN","totalScore":0},{"id":696531355,"gmtCreate":1640731770143,"gmtModify":1640743315817,"author":{"id":"3568070265339857","authorId":"3568070265339857","name":"LohYK","avatar":"https://static.tigerbbs.com/d6add0343094f5e965e831fa432314ef","crmLevel":13,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568070265339857","idStr":"3568070265339857"},"themes":[],"htmlText":"Definitely the stock for the future, but for now, one got to be patient","listText":"Definitely the stock for the future, but for now, one got to be patient","text":"Definitely the stock for the future, but for now, one got to be patient","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/696531355","repostId":"1179519193","repostType":2,"repost":{"id":"1179519193","kind":"news","pubTimestamp":1640680160,"share":"https://www.laohu8.com/m/news/1179519193?lang=zh_CN&edition=full","pubTime":"2021-12-28 16:29","market":"us","language":"en","title":"UiPath: Our Latest Strong Buy<blockquote>UiPath：我们最新的强力买入</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1179519193","media":"Seeking Alpha","summary":"Summary\n\nUiPath RPA technology automates more than 80% of working processes.\nThe company estimates m","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>UiPath RPA technology automates more than 80% of working processes.</li>  <li>The company estimates more than $60 billion total addressable market opportunity.</li>  <li>The company generates 80%+ gross margins.</li>  <li>Buy below $62.3.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8276e37c7c48ba1ae10537dde9d34dfd\" tg-width=\"1536\" tg-height=\"611\" width=\"100%\" height=\"auto\"><span>ipopba/iStock via Getty Images</span></p><p><blockquote><ul><li>UiPath RPA技术实现了80%以上工作流程的自动化。</li><li>该公司估计潜在市场机会总额超过600亿美元。</li><li>该公司的毛利率超过80%。</li><li>低于62.3美元买入。</li></ul><p class=\"t-img-caption\"><span>ipopba/iStock来自Getty Images</span></p></blockquote></p><p> UiPath (PATH) operates in a fast growing robotic process automation industry and has leading position against its competitors. The business increases consumers' operational efficiency substantially. The management estimates more than $60 billion TAM. Our valuation models indicate that the stock is undervalued and represents strong growth opportunity.</p><p><blockquote>UiPath(PATH)在快速增长的机器人过程自动化行业运营，相对于竞争对手处于领先地位。这项业务大大提高了消费者的运营效率。管理层估计TAM超过600亿美元。我们的估值模型表明该股被低估，代表着强劲的增长机会。</blockquote></p><p> Currently working process includes lots of repetitive and time-consuming tasks, which hurt employee productivity substantially and cost enterprises huge profit losses. Automation processes are intended to solve the issue as AI technology \"learns\" task executing techniques and facilitates working process significantly. UiPath technology helps employees to automate processes like extraction of information from documents, updating databases, filling in forms, logging into applications etc. The services enable firms to cut employee-hours spent on mechanical, repetitive works and use their workforce for creative tasks with heightened productivity.</p><p><blockquote>目前的工作流程包括大量重复和耗时的任务，这些任务极大地损害了员工的工作效率，给企业带来了巨大的利润损失。自动化流程旨在解决这个问题，因为人工智能技术“学习”任务执行技术，并显著促进工作流程。UiPath技术帮助员工自动化流程，如从文档中提取信息、更新数据库、填写表格、登录应用程序等。这些服务使公司能够减少员工在机械、重复性工作上的时间，并将员工用于创造性任务，从而提高生产率。</blockquote></p><p> UiPath offers 4 main solutions which are intended to help users to automate their working processes.</p><p><blockquote>UiPath提供了4个主要解决方案，旨在帮助用户自动化他们的工作流程。</blockquote></p><p> <ul>  <li><i>Discover</i>&nbsp;part allows users to find out new automation opportunities to reduce time spent on repetitive tasks and increase performance.</li>  <li><i>Build</i>&nbsp;part enables to automate processes which are being discovered in the 1st phase. Users can create new processes form scratch or can use ready-to-use automation tools presented on marketplace.</li>  <li><i>Manage</i>&nbsp;part enables users to manage processes, test new automation tools and conduct automation analysis.</li>  <li><i>Engage</i>&nbsp;part provides an action center where developers can determine directions and interact with automation tools.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9831c394da1ecc63d7263c7a9bc97e0e\" tg-width=\"640\" tg-height=\"629\" width=\"100%\" height=\"auto\"><span>Source: UiPath</span></p><p><blockquote><ul><li><i>发现</i>part允许用户发现新的自动化机会，以减少花费在重复性任务上的时间并提高性能。</li><li><i>建立</i>零件能够自动化在第一阶段发现的流程。用户可以从头开始创建新流程，也可以使用marketplace上提供的现成的自动化工具。</li><li><i>管理</i>part使用户能够管理流程、测试新的自动化工具并进行自动化分析。</li><li><i>从事</i>part提供了一个操作中心，开发人员可以在其中确定方向并与自动化工具进行交互。</li></ul><p class=\"t-img-caption\"><span>来源：UiPath</span></p></blockquote></p><p> Utility of the product is well presented in an example which indicates 5x increase of productivity of insurance claim processing team. Before the adoption of the product the 4 FTEs were able to process 5,300 claims per month while the number increased to 27,000 claims after adopting RPA solutions. RPA technology automated about 80% of the total work process as employees need to just review and approve the actions completed by the technology.</p><p><blockquote>该产品的效用在一个例子中得到了很好的展示，该例子表明保险索赔处理团队的生产率提高了5倍。在采用该产品之前，4名全职员工每月能够处理5,300份索赔，而在采用RPA解决方案后，这一数字增加到27,000份。RPA技术自动化了大约80%的总工作流程，因为员工只需审查和批准该技术完成的操作。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1afb0dab9f347a1210f4b0bd8f2d4726\" tg-width=\"640\" tg-height=\"361\" width=\"100%\" height=\"auto\"><span>Source: UiPath</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：UiPath</span></p></blockquote></p><p> UiPath is the leader in the robotic process automation market which is estimated to be&nbsp;$1.57 billion&nbsp;total market in 2020. According to Grand View Research the industry will grow at a strong double digit growth rate recording 32.8% revenue CAGR until 2028. Increasing spending on RPA solutions is essential for businesses as it allows to cut overhead labor costs and improve productivity.</p><p><blockquote>UiPath是机器人过程自动化市场的领导者，预计2020年市场总额为15.7亿美元。根据Grand View Research的数据，到2028年，该行业将以强劲的两位数增长率增长，收入复合年增长率为32.8%。增加RPA解决方案的支出对于企业来说至关重要，因为它可以削减间接劳动力成本并提高生产率。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e28b81100d6d29adbf59d797c97c95f2\" tg-width=\"600\" tg-height=\"300\" width=\"100%\" height=\"auto\"><span>Source: Grand View Research</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：大观研究</span></p></blockquote></p><p> According to Gartner research UiPath is the leader in RPA industry. Gartner gave UiPath the highest ranking for the \"Ability to Execute\" and the third ranking for \"Completeness of Vision\".</p><p><blockquote>根据Gartner research的数据，UiPath是RPA行业的领导者。Gartner给UiPath的“执行能力”排名最高，“愿景完整性”排名第三。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c8240bc4d47eb71f3ead11113348d8ac\" tg-width=\"640\" tg-height=\"707\" width=\"100%\" height=\"auto\"><span>Source: UiPath</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：UiPath</span></p></blockquote></p><p> Forrester Wave also ranked UiPath as the leader in RPA industry. According to the research the company has the strongest strategy, the strongest current offerings and has larger presence in market than competitors.</p><p><blockquote>Forrester Wave还将UiPath评为RPA行业的领导者。根据研究，该公司拥有最强的战略、最强的当前产品，并且比竞争对手拥有更大的市场份额。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5290e9a785194f38c7121622f28f1a08\" tg-width=\"618\" tg-height=\"798\" width=\"100%\" height=\"auto\"><span>Source: UiPath</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：UiPath</span></p></blockquote></p><p> Meanwhile, according to IDC research, the Intelligence Process Automation industry represents $17 billion market opportunity which is expected to grow at 16% CAGR until 2024, reaching a&nbsp;$30 billion&nbsp;level. UiPath management considers that the total addressable market is much larger with $60 billion opportunity.</p><p><blockquote>与此同时，根据IDC的研究，智能过程自动化行业代表着170亿美元的市场机会，预计到2024年将以16%的CAGR增长，达到300亿美元的水平。UiPath管理层认为，潜在市场总量要大得多，有600亿美元的机会。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f23ef91945b197549e3e530ecd8b22b1\" tg-width=\"640\" tg-height=\"367\" width=\"100%\" height=\"auto\"><span>Source: UiPath</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：UiPath</span></p></blockquote></p><p></p><p> The use of UiPath services attracts businesses to increase their spent on the platform as case studies indicate that companies start from minimal budgets and increase their expenses in 1-2 year period. A global pharmaceutical company spent $100K in Q1 2020 while the number increased 32x in Q4 2021. A Canadian public sector agency spent $30K in FY 2020, while its expenses increased by 69x in Q4 2021.</p><p><blockquote>UiPath服务的使用吸引了企业增加在该平台上的支出，因为案例研究表明，公司从最低预算开始，并在1-2年内增加支出。一家全球制药公司在2020年第一季度花费了10万美元，而这一数字在2021年第四季度增加了32倍。一家加拿大公共部门机构在2020财年支出了3万美元，而其支出在2021年第四季度增加了69倍。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ce02b8e5f55838665438fb3564638420\" tg-width=\"640\" tg-height=\"360\" width=\"100%\" height=\"auto\"><span>Source: UiPath</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：UiPath</span></p></blockquote></p><p> Nielsen (NLSN) is one of UiPath's consumers. The company provides information, data and market measurement services in more than 100 countries. The company needs to collect and analyze huge amount of data in a short period of time to stay competitive in its market. The company has already deployed UiPath RPA solutions in more than 40 countries and has saved approximately&nbsp;350,000&nbsp;working hours during the last 18 months. Nielsen expects to cut more than 500,000 working hours per year using UiPath services. The VP of global automation and head of Center of Excellence Oleg Royz expressed his opinion about UiPath RPA solutions.</p><p><blockquote>尼尔森(NLSN)是UiPath的消费者之一。该公司在100多个国家提供信息、数据和市场测量服务。该公司需要在短时间内收集和分析大量数据，以保持在市场上的竞争力。该公司已经在40多个国家/地区部署了UiPath RPA解决方案，在过去18个月中节省了约350,000个工作小时。尼尔森预计使用UiPath服务每年将减少超过50万个工作小时。全球自动化副总裁兼卓越中心负责人Oleg Royz表达了他对UiPath RPA解决方案的看法。</blockquote></p><p>   In the past, people didn’t realize that they were like the glue, managing all of these processes, and we’re changing that narrative. We tell them, don’t be the glue; be the value, and let the robots be the glue that connects the dots. So when you come to work, data is extracted and ready for you to make your analysis and provide your insights.  Global audit firm PwC also uses UiPath platform which helped the company to automate more than 200 operations. The company has already deployed 40K robots and saved more than&nbsp;5 million&nbsp;working hours. Kevin Kroen - Partner, Intelligent Automation and Digital Upskilling Leader of PwC US shared his insights about the services of the company.</p><p><blockquote>过去，人们没有意识到他们就像胶水一样，管理着所有这些过程，而我们正在改变这种说法。我们告诉他们，不要做胶水；成为价值，让机器人成为连接这些点的粘合剂。因此，当您开始工作时，数据会被提取出来，供您进行分析和提供见解。全球审计公司普华永道也使用UiPath平台，该平台帮助该公司实现了200多项操作的自动化。该公司已经部署了40K个机器人，节省了超过500万个工作小时。普华永道美国合伙人、智能自动化和数字技能提升负责人Kevin Kroen分享了他对公司服务的见解。</blockquote></p><p>   In our first year of using UiPath’s platform, we automated about five million hours of non-value-added work. We strongly believe that with the right approach RPA can transform any organization.  UiPath services satisfy the majority of users as the platform has&nbsp;4.5 rating&nbsp;out of 5 on gartner.com. The score is based on 1,700+ reviews. 98% of reviewers ranked the business 5 or 4, while none of them ranked 1 or 2. Users give quite high rating for product capabilities and for service support. On g2.com the company has&nbsp;4.6&nbsp;rating out of 5. The rating is based on 5,000+ reviews as more than 99% of reviewers ranked 5 or 4. The high satisfaction of consumers help the company to increase revenues from large enterprises as the number of consumers with $100K ARR increased from 899 to 1,363 YoY. At the same time the number of consumers with $1 million+ ARR increased from 74 to 135 YoY. The total number of consumers increased from 7,830 to 9,630.</p><p><blockquote>在我们使用UiPath平台的第一年，我们自动化了大约500万小时的非增值工作。我们坚信，通过正确的方法，RPA可以改变任何组织。UiPath服务满足了大多数用户的需求，因为该平台在gartner.com上的评分为4。该分数基于1700多条评论。98%的评论者将该企业评为5或4，而没有人将其评为1或2。用户对产品功能和服务支持给予了相当高的评价。在g2.com上，该公司的评分为4.6分（满分5分）。该评级基于5,000多条评论，因为超过99%的评论者排名5或4。消费者的高满意度有助于公司增加来自大型企业的收入，ARR为10万美元的消费者数量同比从899人增加到1,363人。与此同时，ARR超过100万美元的消费者数量同比从74人增加到135人。消费者总数从7830人增加到9630人。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e7aefeb5bbf20cf74a8a9400037bc189\" tg-width=\"640\" tg-height=\"331\" width=\"100%\" height=\"auto\"><span>Source: UiPath</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：UiPath</span></p></blockquote></p><p> As a result the company achieved 62% ARR CAGR in recent 2-year period while the revenue recorded 65% CAGR.</p><p><blockquote>因此，该公司在最近两年期间实现了62%的ARR CAGR，而收入则录得65%的CAGR。</blockquote></p><p> <b>Profitability</b></p><p><blockquote><b>盈利能力</b></blockquote></p><p> The company generates quite high gross profit margin which exceeded 80% level during the last 5 quarters. The EBITDA margin is currently better than in 2019 but it is in deep negative territory recording -52.2% result. Meanwhile the management was able to improve the operating cash flow level which is near 0% level.</p><p><blockquote>该公司的毛利率相当高，在过去5个季度超过了80%的水平。EBITDA利润率目前好于2019年，但仍处于深度负值区域，录得-52.2%的结果。与此同时，管理层能够改善接近0%的经营现金流水平。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1246d38f8fc1f298222299113a2fb457\" tg-width=\"640\" tg-height=\"215\" width=\"100%\" height=\"auto\"><span>Source: Author's Model, data from finbox.com</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：作者模型，数据来自finbox.com</span></p></blockquote></p><p> The negative EBITDA margin is attributed to substantial expense on selling and marketing. In 2019 the management spent more than 140% of revenues on S&amp;M activity while the number declined to 76.8% by Q3 2021. UiPath business model doesn't require too much marketing expense in long-term horizon thus we think that the margin will improve substantially in upcoming years. At the same time the management spends 30% of revenues on R&amp;D activities which is intended to offer advanced solutions to consumers.</p><p><blockquote>负的EBITDA利润率归因于大量的销售和营销费用。2019年，管理层将超过140%的收入用于S&amp;M活动，而到2021年第三季度，这一数字下降至76.8%。从长远来看，UiPath商业模式不需要太多营销费用，因此我们认为未来几年利润率将大幅提高。同时，管理层将30%的收入用于研发活动，旨在为消费者提供先进的解决方案。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/942b96423184a0bd9f5996ee7c7b2ae4\" tg-width=\"640\" tg-height=\"225\" width=\"100%\" height=\"auto\"><span>Source: Author's Model, data from finbox.com</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：作者模型，数据来自finbox.com</span></p></blockquote></p><p> <b>Valuation</b></p><p><blockquote><b>估值</b></blockquote></p><p> Considering historic valuation of the stock since its IPO, we see the multiples are gradually declining. Currently the P/S TTM multiple is at 28.8 level, while since IPO average is 42.2. Price to Gross Profit ratio is at 35.2 level while the average is 50.8.</p><p><blockquote>考虑到该股自首次公开募股以来的历史估值，我们看到市盈率正在逐渐下降。目前市盈率TTM倍数为28.8，而IPO以来的平均市盈率为42.2。市盈率为35.2，平均水平为50.8。</blockquote></p><p></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8e9a895cda5ca5589c1c09de02ebddf5\" tg-width=\"640\" tg-height=\"216\" width=\"100%\" height=\"auto\"><span>Source: Author's Model, data from finbox.com</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：作者模型，数据来自finbox.com</span></p></blockquote></p><p> To calculate the relative value of the stock we have collected data of top 100 tech stocks and built a regression model. We have regressed P/S FWD multiples against forecasted 3-year revenue CAGRs and TTM gross margins. As a result we have a model with R square of 69.3% and F stat of 108.5. The outputs generated by the software yield implied P/S FWD ratio of 32.1 which indicates stock value of $54. So the growth pace and the TTM profitability indicate undervaluation.</p><p><blockquote>为了计算股票的相对价值，我们收集了前100名科技股的数据并建立了回归模型。我们根据预测的3年收入复合年增长率和TTM毛利率回归了P/S FWD倍数。因此，我们有一个R平方为69.3%，F统计为108.5的模型。该软件生成的输出意味着P/S FWD比率为32.1，表明股票价值为54美元。因此，增长速度和TTM盈利能力表明估值被低估。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ead34ddb414517239431c96bb5a88a9a\" tg-width=\"640\" tg-height=\"155\" width=\"100%\" height=\"auto\"><span>Source: Author's Model, data from finbox.com</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：作者模型，数据来自finbox.com</span></p></blockquote></p><p> To calculate the intrinsic value of the stock we have built a DCF model. First we calculate the WACC. To calculate beta coefficient we have regressed since IPO weekly price returns against S&amp;P 500 (SPY) returns during the same period. As a result we have a beta of 1.7.</p><p><blockquote>为了计算股票的内在价值，我们建立了一个DCF模型。首先我们计算WACC。为了计算贝塔系数，我们将IPO以来的每周价格回报与同期标普500（SPDR标普500指数ETF）的回报进行了回归。因此，我们的测试版是1.7。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4317eb20db2015f6a5a5a65f10aef195\" tg-width=\"640\" tg-height=\"210\" width=\"100%\" height=\"auto\"><span>Source: Author's Model</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：作者模型</span></p></blockquote></p><p> For equity risk premium we have used 4.53% level and for risk-free rate we have used 2% input. As a result we have a WACC of 9.67%.</p><p><blockquote>对于股权风险溢价，我们使用4.53%的水平，而对于无风险利率，我们使用2%的输入数据。因此，我们的WACC为9.67%。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/511cfff1a2f271be62b203e5e442f4ff\" tg-width=\"640\" tg-height=\"146\" width=\"100%\" height=\"auto\"><span>Source: Author's Model</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：作者模型</span></p></blockquote></p><p> For the upcoming decade we anticipate revenue CAGR of 35% while our 2031 EBITDA estimate is 35%. In our model we anticipate gradual improvement to 2031 EBITDA target.</p><p><blockquote>对于未来十年，我们预计收入复合年增长率为35%，而2031年EBITDA估计为35%。在我们的模型中，我们预计2031年EBITDA目标将逐步改善。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c3aa81ae8565e0df48b3ceab6fddc8d8\" tg-width=\"450\" tg-height=\"145\" width=\"100%\" height=\"auto\"><span>Source: Author's Model</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：作者模型</span></p></blockquote></p><p> As a result our model yields intrinsic value of $62.3 which is 40% higher than the current stock price.</p><p><blockquote>因此，我们的模型产生的内在价值为62.3美元，比当前股价高出40%。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d101c5530c5824b58cec9b0e02116467\" tg-width=\"450\" tg-height=\"217\" width=\"100%\" height=\"auto\"><span>Source: Author's Model</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：作者模型</span></p></blockquote></p><p> For the upcoming decade we anticipate 50% share count dilution and for 2031 we anticipate Price to FCF ratio of 35. The estimates yield 15% annual return opportunity during the upcoming decade.</p><p><blockquote>对于未来十年，我们预计股票数量将稀释50%，对于2031年，我们预计价格与自由现金流比率为35。预计未来十年的年回报率为15%。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8f6fc0974a858b19a93b85dd1877a4a6\" tg-width=\"450\" tg-height=\"169\" width=\"100%\" height=\"auto\"><span>Source: Author's Model</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：作者模型</span></p></blockquote></p><p> We have also conducted scenario analysis to asses expected returns based on different EBITDA and revenue growth estimates. As a result our model indicates that we can expect double digit returns even if the company achieves 30% revenue CAGR.</p><p><blockquote>我们还进行了情景分析，以评估基于不同EBITDA和收入增长估计的预期回报。因此，我们的模型表明，即使公司实现30%的收入CAGR，我们也可以预期两位数的回报。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0d8129c7211d6b66b0ae0f775f79482a\" tg-width=\"640\" tg-height=\"74\" width=\"100%\" height=\"auto\"><span>Source: Author's Model</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：作者模型</span></p></blockquote></p><p> So our valuation models indicate that the stock value is quite attractive at current levels.</p><p><blockquote>因此，我们的估值模型表明，股票价值在当前水平上相当有吸引力。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0c032ca3bf90aafe1fcd37e592692577\" tg-width=\"640\" tg-height=\"68\" width=\"100%\" height=\"auto\"><span>Source: Author's Model</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：作者模型</span></p></blockquote></p><p> <b>Conclusion</b></p><p><blockquote><b>结论</b></blockquote></p><p> UiPath's business has substantial growth opportunity. Consumers can increase the efficiency of their working processes substantially using company services. The company has quite a large total addressable market where it can capture significant market share given its competitive advantages. According to researches, UiPath has leading position in its industry. Consumers are highly satisfied from the services of the company. Our valuation models indicate that the growth potential of the business is not reflected in the stock price and investors can anticipate strong double-digit returns in upcoming decade. Thus we assign Strong Buy rating to the stock.</p><p><blockquote>UiPath的业务有巨大的增长机会。消费者可以通过使用公司服务大大提高其工作流程的效率。该公司拥有相当大的总潜在市场，鉴于其竞争优势，可以在其中占据重要的市场份额。根据研究，UiPath在行业中处于领先地位。消费者对该公司的服务非常满意。我们的估值模型表明，该业务的增长潜力并未反映在股价中，投资者可以预期未来十年将获得两位数的强劲回报。因此，我们给予该股强烈买入评级。</blockquote></p><p> This article was written by&nbsp;Growth Analyst.</p><p><blockquote>本文由增长分析师撰写。</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>UiPath: Our Latest Strong Buy<blockquote>UiPath：我们最新的强力买入</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\">\nUiPath: Our Latest Strong Buy<blockquote>UiPath：我们最新的强力买入</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Seeking Alpha</strong><span class=\"h-time small\">2021-12-28 16:29</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>UiPath RPA technology automates more than 80% of working processes.</li>  <li>The company estimates more than $60 billion total addressable market opportunity.</li>  <li>The company generates 80%+ gross margins.</li>  <li>Buy below $62.3.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8276e37c7c48ba1ae10537dde9d34dfd\" tg-width=\"1536\" tg-height=\"611\" width=\"100%\" height=\"auto\"><span>ipopba/iStock via Getty Images</span></p><p><blockquote><ul><li>UiPath RPA技术实现了80%以上工作流程的自动化。</li><li>该公司估计潜在市场机会总额超过600亿美元。</li><li>该公司的毛利率超过80%。</li><li>低于62.3美元买入。</li></ul><p class=\"t-img-caption\"><span>ipopba/iStock来自Getty Images</span></p></blockquote></p><p> UiPath (PATH) operates in a fast growing robotic process automation industry and has leading position against its competitors. The business increases consumers' operational efficiency substantially. The management estimates more than $60 billion TAM. Our valuation models indicate that the stock is undervalued and represents strong growth opportunity.</p><p><blockquote>UiPath(PATH)在快速增长的机器人过程自动化行业运营，相对于竞争对手处于领先地位。这项业务大大提高了消费者的运营效率。管理层估计TAM超过600亿美元。我们的估值模型表明该股被低估，代表着强劲的增长机会。</blockquote></p><p> Currently working process includes lots of repetitive and time-consuming tasks, which hurt employee productivity substantially and cost enterprises huge profit losses. Automation processes are intended to solve the issue as AI technology \"learns\" task executing techniques and facilitates working process significantly. UiPath technology helps employees to automate processes like extraction of information from documents, updating databases, filling in forms, logging into applications etc. The services enable firms to cut employee-hours spent on mechanical, repetitive works and use their workforce for creative tasks with heightened productivity.</p><p><blockquote>目前的工作流程包括大量重复和耗时的任务，这些任务极大地损害了员工的工作效率，给企业带来了巨大的利润损失。自动化流程旨在解决这个问题，因为人工智能技术“学习”任务执行技术，并显著促进工作流程。UiPath技术帮助员工自动化流程，如从文档中提取信息、更新数据库、填写表格、登录应用程序等。这些服务使公司能够减少员工在机械、重复性工作上的时间，并将员工用于创造性任务，从而提高生产率。</blockquote></p><p> UiPath offers 4 main solutions which are intended to help users to automate their working processes.</p><p><blockquote>UiPath提供了4个主要解决方案，旨在帮助用户自动化他们的工作流程。</blockquote></p><p> <ul>  <li><i>Discover</i>&nbsp;part allows users to find out new automation opportunities to reduce time spent on repetitive tasks and increase performance.</li>  <li><i>Build</i>&nbsp;part enables to automate processes which are being discovered in the 1st phase. Users can create new processes form scratch or can use ready-to-use automation tools presented on marketplace.</li>  <li><i>Manage</i>&nbsp;part enables users to manage processes, test new automation tools and conduct automation analysis.</li>  <li><i>Engage</i>&nbsp;part provides an action center where developers can determine directions and interact with automation tools.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9831c394da1ecc63d7263c7a9bc97e0e\" tg-width=\"640\" tg-height=\"629\" width=\"100%\" height=\"auto\"><span>Source: UiPath</span></p><p><blockquote><ul><li><i>发现</i>part允许用户发现新的自动化机会，以减少花费在重复性任务上的时间并提高性能。</li><li><i>建立</i>零件能够自动化在第一阶段发现的流程。用户可以从头开始创建新流程，也可以使用marketplace上提供的现成的自动化工具。</li><li><i>管理</i>part使用户能够管理流程、测试新的自动化工具并进行自动化分析。</li><li><i>从事</i>part提供了一个操作中心，开发人员可以在其中确定方向并与自动化工具进行交互。</li></ul><p class=\"t-img-caption\"><span>来源：UiPath</span></p></blockquote></p><p> Utility of the product is well presented in an example which indicates 5x increase of productivity of insurance claim processing team. Before the adoption of the product the 4 FTEs were able to process 5,300 claims per month while the number increased to 27,000 claims after adopting RPA solutions. RPA technology automated about 80% of the total work process as employees need to just review and approve the actions completed by the technology.</p><p><blockquote>该产品的效用在一个例子中得到了很好的展示，该例子表明保险索赔处理团队的生产率提高了5倍。在采用该产品之前，4名全职员工每月能够处理5,300份索赔，而在采用RPA解决方案后，这一数字增加到27,000份。RPA技术自动化了大约80%的总工作流程，因为员工只需审查和批准该技术完成的操作。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1afb0dab9f347a1210f4b0bd8f2d4726\" tg-width=\"640\" tg-height=\"361\" width=\"100%\" height=\"auto\"><span>Source: UiPath</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：UiPath</span></p></blockquote></p><p> UiPath is the leader in the robotic process automation market which is estimated to be&nbsp;$1.57 billion&nbsp;total market in 2020. According to Grand View Research the industry will grow at a strong double digit growth rate recording 32.8% revenue CAGR until 2028. Increasing spending on RPA solutions is essential for businesses as it allows to cut overhead labor costs and improve productivity.</p><p><blockquote>UiPath是机器人过程自动化市场的领导者，预计2020年市场总额为15.7亿美元。根据Grand View Research的数据，到2028年，该行业将以强劲的两位数增长率增长，收入复合年增长率为32.8%。增加RPA解决方案的支出对于企业来说至关重要，因为它可以削减间接劳动力成本并提高生产率。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e28b81100d6d29adbf59d797c97c95f2\" tg-width=\"600\" tg-height=\"300\" width=\"100%\" height=\"auto\"><span>Source: Grand View Research</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：大观研究</span></p></blockquote></p><p> According to Gartner research UiPath is the leader in RPA industry. Gartner gave UiPath the highest ranking for the \"Ability to Execute\" and the third ranking for \"Completeness of Vision\".</p><p><blockquote>根据Gartner research的数据，UiPath是RPA行业的领导者。Gartner给UiPath的“执行能力”排名最高，“愿景完整性”排名第三。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c8240bc4d47eb71f3ead11113348d8ac\" tg-width=\"640\" tg-height=\"707\" width=\"100%\" height=\"auto\"><span>Source: UiPath</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：UiPath</span></p></blockquote></p><p> Forrester Wave also ranked UiPath as the leader in RPA industry. According to the research the company has the strongest strategy, the strongest current offerings and has larger presence in market than competitors.</p><p><blockquote>Forrester Wave还将UiPath评为RPA行业的领导者。根据研究，该公司拥有最强的战略、最强的当前产品，并且比竞争对手拥有更大的市场份额。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5290e9a785194f38c7121622f28f1a08\" tg-width=\"618\" tg-height=\"798\" width=\"100%\" height=\"auto\"><span>Source: UiPath</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：UiPath</span></p></blockquote></p><p> Meanwhile, according to IDC research, the Intelligence Process Automation industry represents $17 billion market opportunity which is expected to grow at 16% CAGR until 2024, reaching a&nbsp;$30 billion&nbsp;level. UiPath management considers that the total addressable market is much larger with $60 billion opportunity.</p><p><blockquote>与此同时，根据IDC的研究，智能过程自动化行业代表着170亿美元的市场机会，预计到2024年将以16%的CAGR增长，达到300亿美元的水平。UiPath管理层认为，潜在市场总量要大得多，有600亿美元的机会。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f23ef91945b197549e3e530ecd8b22b1\" tg-width=\"640\" tg-height=\"367\" width=\"100%\" height=\"auto\"><span>Source: UiPath</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：UiPath</span></p></blockquote></p><p></p><p> The use of UiPath services attracts businesses to increase their spent on the platform as case studies indicate that companies start from minimal budgets and increase their expenses in 1-2 year period. A global pharmaceutical company spent $100K in Q1 2020 while the number increased 32x in Q4 2021. A Canadian public sector agency spent $30K in FY 2020, while its expenses increased by 69x in Q4 2021.</p><p><blockquote>UiPath服务的使用吸引了企业增加在该平台上的支出，因为案例研究表明，公司从最低预算开始，并在1-2年内增加支出。一家全球制药公司在2020年第一季度花费了10万美元，而这一数字在2021年第四季度增加了32倍。一家加拿大公共部门机构在2020财年支出了3万美元，而其支出在2021年第四季度增加了69倍。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ce02b8e5f55838665438fb3564638420\" tg-width=\"640\" tg-height=\"360\" width=\"100%\" height=\"auto\"><span>Source: UiPath</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：UiPath</span></p></blockquote></p><p> Nielsen (NLSN) is one of UiPath's consumers. The company provides information, data and market measurement services in more than 100 countries. The company needs to collect and analyze huge amount of data in a short period of time to stay competitive in its market. The company has already deployed UiPath RPA solutions in more than 40 countries and has saved approximately&nbsp;350,000&nbsp;working hours during the last 18 months. Nielsen expects to cut more than 500,000 working hours per year using UiPath services. The VP of global automation and head of Center of Excellence Oleg Royz expressed his opinion about UiPath RPA solutions.</p><p><blockquote>尼尔森(NLSN)是UiPath的消费者之一。该公司在100多个国家提供信息、数据和市场测量服务。该公司需要在短时间内收集和分析大量数据，以保持在市场上的竞争力。该公司已经在40多个国家/地区部署了UiPath RPA解决方案，在过去18个月中节省了约350,000个工作小时。尼尔森预计使用UiPath服务每年将减少超过50万个工作小时。全球自动化副总裁兼卓越中心负责人Oleg Royz表达了他对UiPath RPA解决方案的看法。</blockquote></p><p>   In the past, people didn’t realize that they were like the glue, managing all of these processes, and we’re changing that narrative. We tell them, don’t be the glue; be the value, and let the robots be the glue that connects the dots. So when you come to work, data is extracted and ready for you to make your analysis and provide your insights.  Global audit firm PwC also uses UiPath platform which helped the company to automate more than 200 operations. The company has already deployed 40K robots and saved more than&nbsp;5 million&nbsp;working hours. Kevin Kroen - Partner, Intelligent Automation and Digital Upskilling Leader of PwC US shared his insights about the services of the company.</p><p><blockquote>过去，人们没有意识到他们就像胶水一样，管理着所有这些过程，而我们正在改变这种说法。我们告诉他们，不要做胶水；成为价值，让机器人成为连接这些点的粘合剂。因此，当您开始工作时，数据会被提取出来，供您进行分析和提供见解。全球审计公司普华永道也使用UiPath平台，该平台帮助该公司实现了200多项操作的自动化。该公司已经部署了40K个机器人，节省了超过500万个工作小时。普华永道美国合伙人、智能自动化和数字技能提升负责人Kevin Kroen分享了他对公司服务的见解。</blockquote></p><p>   In our first year of using UiPath’s platform, we automated about five million hours of non-value-added work. We strongly believe that with the right approach RPA can transform any organization.  UiPath services satisfy the majority of users as the platform has&nbsp;4.5 rating&nbsp;out of 5 on gartner.com. The score is based on 1,700+ reviews. 98% of reviewers ranked the business 5 or 4, while none of them ranked 1 or 2. Users give quite high rating for product capabilities and for service support. On g2.com the company has&nbsp;4.6&nbsp;rating out of 5. The rating is based on 5,000+ reviews as more than 99% of reviewers ranked 5 or 4. The high satisfaction of consumers help the company to increase revenues from large enterprises as the number of consumers with $100K ARR increased from 899 to 1,363 YoY. At the same time the number of consumers with $1 million+ ARR increased from 74 to 135 YoY. The total number of consumers increased from 7,830 to 9,630.</p><p><blockquote>在我们使用UiPath平台的第一年，我们自动化了大约500万小时的非增值工作。我们坚信，通过正确的方法，RPA可以改变任何组织。UiPath服务满足了大多数用户的需求，因为该平台在gartner.com上的评分为4。该分数基于1700多条评论。98%的评论者将该企业评为5或4，而没有人将其评为1或2。用户对产品功能和服务支持给予了相当高的评价。在g2.com上，该公司的评分为4.6分（满分5分）。该评级基于5,000多条评论，因为超过99%的评论者排名5或4。消费者的高满意度有助于公司增加来自大型企业的收入，ARR为10万美元的消费者数量同比从899人增加到1,363人。与此同时，ARR超过100万美元的消费者数量同比从74人增加到135人。消费者总数从7830人增加到9630人。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e7aefeb5bbf20cf74a8a9400037bc189\" tg-width=\"640\" tg-height=\"331\" width=\"100%\" height=\"auto\"><span>Source: UiPath</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：UiPath</span></p></blockquote></p><p> As a result the company achieved 62% ARR CAGR in recent 2-year period while the revenue recorded 65% CAGR.</p><p><blockquote>因此，该公司在最近两年期间实现了62%的ARR CAGR，而收入则录得65%的CAGR。</blockquote></p><p> <b>Profitability</b></p><p><blockquote><b>盈利能力</b></blockquote></p><p> The company generates quite high gross profit margin which exceeded 80% level during the last 5 quarters. The EBITDA margin is currently better than in 2019 but it is in deep negative territory recording -52.2% result. Meanwhile the management was able to improve the operating cash flow level which is near 0% level.</p><p><blockquote>该公司的毛利率相当高，在过去5个季度超过了80%的水平。EBITDA利润率目前好于2019年，但仍处于深度负值区域，录得-52.2%的结果。与此同时，管理层能够改善接近0%的经营现金流水平。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1246d38f8fc1f298222299113a2fb457\" tg-width=\"640\" tg-height=\"215\" width=\"100%\" height=\"auto\"><span>Source: Author's Model, data from finbox.com</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：作者模型，数据来自finbox.com</span></p></blockquote></p><p> The negative EBITDA margin is attributed to substantial expense on selling and marketing. In 2019 the management spent more than 140% of revenues on S&amp;M activity while the number declined to 76.8% by Q3 2021. UiPath business model doesn't require too much marketing expense in long-term horizon thus we think that the margin will improve substantially in upcoming years. At the same time the management spends 30% of revenues on R&amp;D activities which is intended to offer advanced solutions to consumers.</p><p><blockquote>负的EBITDA利润率归因于大量的销售和营销费用。2019年，管理层将超过140%的收入用于S&amp;M活动，而到2021年第三季度，这一数字下降至76.8%。从长远来看，UiPath商业模式不需要太多营销费用，因此我们认为未来几年利润率将大幅提高。同时，管理层将30%的收入用于研发活动，旨在为消费者提供先进的解决方案。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/942b96423184a0bd9f5996ee7c7b2ae4\" tg-width=\"640\" tg-height=\"225\" width=\"100%\" height=\"auto\"><span>Source: Author's Model, data from finbox.com</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：作者模型，数据来自finbox.com</span></p></blockquote></p><p> <b>Valuation</b></p><p><blockquote><b>估值</b></blockquote></p><p> Considering historic valuation of the stock since its IPO, we see the multiples are gradually declining. Currently the P/S TTM multiple is at 28.8 level, while since IPO average is 42.2. Price to Gross Profit ratio is at 35.2 level while the average is 50.8.</p><p><blockquote>考虑到该股自首次公开募股以来的历史估值，我们看到市盈率正在逐渐下降。目前市盈率TTM倍数为28.8，而IPO以来的平均市盈率为42.2。市盈率为35.2，平均水平为50.8。</blockquote></p><p></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8e9a895cda5ca5589c1c09de02ebddf5\" tg-width=\"640\" tg-height=\"216\" width=\"100%\" height=\"auto\"><span>Source: Author's Model, data from finbox.com</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：作者模型，数据来自finbox.com</span></p></blockquote></p><p> To calculate the relative value of the stock we have collected data of top 100 tech stocks and built a regression model. We have regressed P/S FWD multiples against forecasted 3-year revenue CAGRs and TTM gross margins. As a result we have a model with R square of 69.3% and F stat of 108.5. The outputs generated by the software yield implied P/S FWD ratio of 32.1 which indicates stock value of $54. So the growth pace and the TTM profitability indicate undervaluation.</p><p><blockquote>为了计算股票的相对价值，我们收集了前100名科技股的数据并建立了回归模型。我们根据预测的3年收入复合年增长率和TTM毛利率回归了P/S FWD倍数。因此，我们有一个R平方为69.3%，F统计为108.5的模型。该软件生成的输出意味着P/S FWD比率为32.1，表明股票价值为54美元。因此，增长速度和TTM盈利能力表明估值被低估。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ead34ddb414517239431c96bb5a88a9a\" tg-width=\"640\" tg-height=\"155\" width=\"100%\" height=\"auto\"><span>Source: Author's Model, data from finbox.com</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：作者模型，数据来自finbox.com</span></p></blockquote></p><p> To calculate the intrinsic value of the stock we have built a DCF model. First we calculate the WACC. To calculate beta coefficient we have regressed since IPO weekly price returns against S&amp;P 500 (SPY) returns during the same period. As a result we have a beta of 1.7.</p><p><blockquote>为了计算股票的内在价值，我们建立了一个DCF模型。首先我们计算WACC。为了计算贝塔系数，我们将IPO以来的每周价格回报与同期标普500（SPDR标普500指数ETF）的回报进行了回归。因此，我们的测试版是1.7。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4317eb20db2015f6a5a5a65f10aef195\" tg-width=\"640\" tg-height=\"210\" width=\"100%\" height=\"auto\"><span>Source: Author's Model</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：作者模型</span></p></blockquote></p><p> For equity risk premium we have used 4.53% level and for risk-free rate we have used 2% input. As a result we have a WACC of 9.67%.</p><p><blockquote>对于股权风险溢价，我们使用4.53%的水平，而对于无风险利率，我们使用2%的输入数据。因此，我们的WACC为9.67%。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/511cfff1a2f271be62b203e5e442f4ff\" tg-width=\"640\" tg-height=\"146\" width=\"100%\" height=\"auto\"><span>Source: Author's Model</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：作者模型</span></p></blockquote></p><p> For the upcoming decade we anticipate revenue CAGR of 35% while our 2031 EBITDA estimate is 35%. In our model we anticipate gradual improvement to 2031 EBITDA target.</p><p><blockquote>对于未来十年，我们预计收入复合年增长率为35%，而2031年EBITDA估计为35%。在我们的模型中，我们预计2031年EBITDA目标将逐步改善。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c3aa81ae8565e0df48b3ceab6fddc8d8\" tg-width=\"450\" tg-height=\"145\" width=\"100%\" height=\"auto\"><span>Source: Author's Model</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：作者模型</span></p></blockquote></p><p> As a result our model yields intrinsic value of $62.3 which is 40% higher than the current stock price.</p><p><blockquote>因此，我们的模型产生的内在价值为62.3美元，比当前股价高出40%。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d101c5530c5824b58cec9b0e02116467\" tg-width=\"450\" tg-height=\"217\" width=\"100%\" height=\"auto\"><span>Source: Author's Model</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：作者模型</span></p></blockquote></p><p> For the upcoming decade we anticipate 50% share count dilution and for 2031 we anticipate Price to FCF ratio of 35. The estimates yield 15% annual return opportunity during the upcoming decade.</p><p><blockquote>对于未来十年，我们预计股票数量将稀释50%，对于2031年，我们预计价格与自由现金流比率为35。预计未来十年的年回报率为15%。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8f6fc0974a858b19a93b85dd1877a4a6\" tg-width=\"450\" tg-height=\"169\" width=\"100%\" height=\"auto\"><span>Source: Author's Model</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：作者模型</span></p></blockquote></p><p> We have also conducted scenario analysis to asses expected returns based on different EBITDA and revenue growth estimates. As a result our model indicates that we can expect double digit returns even if the company achieves 30% revenue CAGR.</p><p><blockquote>我们还进行了情景分析，以评估基于不同EBITDA和收入增长估计的预期回报。因此，我们的模型表明，即使公司实现30%的收入CAGR，我们也可以预期两位数的回报。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0d8129c7211d6b66b0ae0f775f79482a\" tg-width=\"640\" tg-height=\"74\" width=\"100%\" height=\"auto\"><span>Source: Author's Model</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：作者模型</span></p></blockquote></p><p> So our valuation models indicate that the stock value is quite attractive at current levels.</p><p><blockquote>因此，我们的估值模型表明，股票价值在当前水平上相当有吸引力。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0c032ca3bf90aafe1fcd37e592692577\" tg-width=\"640\" tg-height=\"68\" width=\"100%\" height=\"auto\"><span>Source: Author's Model</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：作者模型</span></p></blockquote></p><p> <b>Conclusion</b></p><p><blockquote><b>结论</b></blockquote></p><p> UiPath's business has substantial growth opportunity. Consumers can increase the efficiency of their working processes substantially using company services. The company has quite a large total addressable market where it can capture significant market share given its competitive advantages. According to researches, UiPath has leading position in its industry. Consumers are highly satisfied from the services of the company. Our valuation models indicate that the growth potential of the business is not reflected in the stock price and investors can anticipate strong double-digit returns in upcoming decade. Thus we assign Strong Buy rating to the stock.</p><p><blockquote>UiPath的业务有巨大的增长机会。消费者可以通过使用公司服务大大提高其工作流程的效率。该公司拥有相当大的总潜在市场，鉴于其竞争优势，可以在其中占据重要的市场份额。根据研究，UiPath在行业中处于领先地位。消费者对该公司的服务非常满意。我们的估值模型表明，该业务的增长潜力并未反映在股价中，投资者可以预期未来十年将获得两位数的强劲回报。因此，我们给予该股强烈买入评级。</blockquote></p><p> This article was written by&nbsp;Growth Analyst.</p><p><blockquote>本文由增长分析师撰写。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4477008-uipath-our-latest-strong-buy\">Seeking Alpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PATH":"UiPath"},"source_url":"https://seekingalpha.com/article/4477008-uipath-our-latest-strong-buy","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1179519193","content_text":"Summary\n\nUiPath RPA technology automates more than 80% of working processes.\nThe company estimates more than $60 billion total addressable market opportunity.\nThe company generates 80%+ gross margins.\nBuy below $62.3.\n\nipopba/iStock via Getty Images\nUiPath (PATH) operates in a fast growing robotic process automation industry and has leading position against its competitors. The business increases consumers' operational efficiency substantially. The management estimates more than $60 billion TAM. Our valuation models indicate that the stock is undervalued and represents strong growth opportunity.\nCurrently working process includes lots of repetitive and time-consuming tasks, which hurt employee productivity substantially and cost enterprises huge profit losses. Automation processes are intended to solve the issue as AI technology \"learns\" task executing techniques and facilitates working process significantly. UiPath technology helps employees to automate processes like extraction of information from documents, updating databases, filling in forms, logging into applications etc. The services enable firms to cut employee-hours spent on mechanical, repetitive works and use their workforce for creative tasks with heightened productivity.\nUiPath offers 4 main solutions which are intended to help users to automate their working processes.\n\nDiscover part allows users to find out new automation opportunities to reduce time spent on repetitive tasks and increase performance.\nBuild part enables to automate processes which are being discovered in the 1st phase. Users can create new processes form scratch or can use ready-to-use automation tools presented on marketplace.\nManage part enables users to manage processes, test new automation tools and conduct automation analysis.\nEngage part provides an action center where developers can determine directions and interact with automation tools.\n\nSource: UiPath\nUtility of the product is well presented in an example which indicates 5x increase of productivity of insurance claim processing team. Before the adoption of the product the 4 FTEs were able to process 5,300 claims per month while the number increased to 27,000 claims after adopting RPA solutions. RPA technology automated about 80% of the total work process as employees need to just review and approve the actions completed by the technology.\nSource: UiPath\nUiPath is the leader in the robotic process automation market which is estimated to be $1.57 billion total market in 2020. According to Grand View Research the industry will grow at a strong double digit growth rate recording 32.8% revenue CAGR until 2028. Increasing spending on RPA solutions is essential for businesses as it allows to cut overhead labor costs and improve productivity.\nSource: Grand View Research\nAccording to Gartner research UiPath is the leader in RPA industry. Gartner gave UiPath the highest ranking for the \"Ability to Execute\" and the third ranking for \"Completeness of Vision\".\nSource: UiPath\nForrester Wave also ranked UiPath as the leader in RPA industry. According to the research the company has the strongest strategy, the strongest current offerings and has larger presence in market than competitors.\nSource: UiPath\nMeanwhile, according to IDC research, the Intelligence Process Automation industry represents $17 billion market opportunity which is expected to grow at 16% CAGR until 2024, reaching a $30 billion level. UiPath management considers that the total addressable market is much larger with $60 billion opportunity.\nSource: UiPath\nThe use of UiPath services attracts businesses to increase their spent on the platform as case studies indicate that companies start from minimal budgets and increase their expenses in 1-2 year period. A global pharmaceutical company spent $100K in Q1 2020 while the number increased 32x in Q4 2021. A Canadian public sector agency spent $30K in FY 2020, while its expenses increased by 69x in Q4 2021.\nSource: UiPath\nNielsen (NLSN) is one of UiPath's consumers. The company provides information, data and market measurement services in more than 100 countries. The company needs to collect and analyze huge amount of data in a short period of time to stay competitive in its market. The company has already deployed UiPath RPA solutions in more than 40 countries and has saved approximately 350,000 working hours during the last 18 months. Nielsen expects to cut more than 500,000 working hours per year using UiPath services. The VP of global automation and head of Center of Excellence Oleg Royz expressed his opinion about UiPath RPA solutions.\n\n In the past, people didn’t realize that they were like the glue, managing all of these processes, and we’re changing that narrative. We tell them, don’t be the glue; be the value, and let the robots be the glue that connects the dots. So when you come to work, data is extracted and ready for you to make your analysis and provide your insights.\n\nGlobal audit firm PwC also uses UiPath platform which helped the company to automate more than 200 operations. The company has already deployed 40K robots and saved more than 5 million working hours. Kevin Kroen - Partner, Intelligent Automation and Digital Upskilling Leader of PwC US shared his insights about the services of the company.\n\n In our first year of using UiPath’s platform, we automated about five million hours of non-value-added work. We strongly believe that with the right approach RPA can transform any organization.\n\nUiPath services satisfy the majority of users as the platform has 4.5 rating out of 5 on gartner.com. The score is based on 1,700+ reviews. 98% of reviewers ranked the business 5 or 4, while none of them ranked 1 or 2. Users give quite high rating for product capabilities and for service support. On g2.com the company has 4.6 rating out of 5. The rating is based on 5,000+ reviews as more than 99% of reviewers ranked 5 or 4. The high satisfaction of consumers help the company to increase revenues from large enterprises as the number of consumers with $100K ARR increased from 899 to 1,363 YoY. At the same time the number of consumers with $1 million+ ARR increased from 74 to 135 YoY. The total number of consumers increased from 7,830 to 9,630.\nSource: UiPath\nAs a result the company achieved 62% ARR CAGR in recent 2-year period while the revenue recorded 65% CAGR.\nProfitability\nThe company generates quite high gross profit margin which exceeded 80% level during the last 5 quarters. The EBITDA margin is currently better than in 2019 but it is in deep negative territory recording -52.2% result. Meanwhile the management was able to improve the operating cash flow level which is near 0% level.\nSource: Author's Model, data from finbox.com\nThe negative EBITDA margin is attributed to substantial expense on selling and marketing. In 2019 the management spent more than 140% of revenues on S&M activity while the number declined to 76.8% by Q3 2021. UiPath business model doesn't require too much marketing expense in long-term horizon thus we think that the margin will improve substantially in upcoming years. At the same time the management spends 30% of revenues on R&D activities which is intended to offer advanced solutions to consumers.\nSource: Author's Model, data from finbox.com\nValuation\nConsidering historic valuation of the stock since its IPO, we see the multiples are gradually declining. Currently the P/S TTM multiple is at 28.8 level, while since IPO average is 42.2. Price to Gross Profit ratio is at 35.2 level while the average is 50.8.\nSource: Author's Model, data from finbox.com\nTo calculate the relative value of the stock we have collected data of top 100 tech stocks and built a regression model. We have regressed P/S FWD multiples against forecasted 3-year revenue CAGRs and TTM gross margins. As a result we have a model with R square of 69.3% and F stat of 108.5. The outputs generated by the software yield implied P/S FWD ratio of 32.1 which indicates stock value of $54. So the growth pace and the TTM profitability indicate undervaluation.\nSource: Author's Model, data from finbox.com\nTo calculate the intrinsic value of the stock we have built a DCF model. First we calculate the WACC. To calculate beta coefficient we have regressed since IPO weekly price returns against S&P 500 (SPY) returns during the same period. As a result we have a beta of 1.7.\nSource: Author's Model\nFor equity risk premium we have used 4.53% level and for risk-free rate we have used 2% input. As a result we have a WACC of 9.67%.\nSource: Author's Model\nFor the upcoming decade we anticipate revenue CAGR of 35% while our 2031 EBITDA estimate is 35%. In our model we anticipate gradual improvement to 2031 EBITDA target.\nSource: Author's Model\nAs a result our model yields intrinsic value of $62.3 which is 40% higher than the current stock price.\nSource: Author's Model\nFor the upcoming decade we anticipate 50% share count dilution and for 2031 we anticipate Price to FCF ratio of 35. The estimates yield 15% annual return opportunity during the upcoming decade.\nSource: Author's Model\nWe have also conducted scenario analysis to asses expected returns based on different EBITDA and revenue growth estimates. As a result our model indicates that we can expect double digit returns even if the company achieves 30% revenue CAGR.\nSource: Author's Model\nSo our valuation models indicate that the stock value is quite attractive at current levels.\nSource: Author's Model\nConclusion\nUiPath's business has substantial growth opportunity. Consumers can increase the efficiency of their working processes substantially using company services. The company has quite a large total addressable market where it can capture significant market share given its competitive advantages. According to researches, UiPath has leading position in its industry. Consumers are highly satisfied from the services of the company. Our valuation models indicate that the growth potential of the business is not reflected in the stock price and investors can anticipate strong double-digit returns in upcoming decade. Thus we assign Strong Buy rating to the stock.\nThis article was written by Growth Analyst.","news_type":1,"symbols_score_info":{"PATH":0.9}},"isVote":1,"tweetType":1,"viewCount":3219,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":696533693,"gmtCreate":1640731661074,"gmtModify":1640731662460,"author":{"id":"3568070265339857","authorId":"3568070265339857","name":"LohYK","avatar":"https://static.tigerbbs.com/d6add0343094f5e965e831fa432314ef","crmLevel":13,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568070265339857","idStr":"3568070265339857"},"themes":[],"htmlText":"An undervalued gem in the making....","listText":"An undervalued gem in the making....","text":"An undervalued gem in the making....","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/696533693","repostId":"2193128680","repostType":2,"isVote":1,"tweetType":1,"viewCount":2743,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":696373532,"gmtCreate":1640641147922,"gmtModify":1640641149338,"author":{"id":"3568070265339857","authorId":"3568070265339857","name":"LohYK","avatar":"https://static.tigerbbs.com/d6add0343094f5e965e831fa432314ef","crmLevel":13,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568070265339857","idStr":"3568070265339857"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/696373532","repostId":"1139095230","repostType":4,"repost":{"id":"1139095230","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":1640615948,"share":"https://www.laohu8.com/m/news/1139095230?lang=zh_CN&edition=full","pubTime":"2021-12-27 22:39","market":"us","language":"en","title":"EV stocks mixed in morning trading<blockquote>电动汽车股早盘涨跌互现</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1139095230","media":"Tiger Newspress","summary":"EV stocks mixed in morning trading.Tesla,Nikola,NIO,Xpeng Motors and Li Auto climbed between 1% and ","content":"<p>EV stocks mixed in morning trading.Tesla,Nikola,NIO,Xpeng Motors and Li Auto&nbsp;climbed between 1% and 3%.While&nbsp;Lucid&nbsp;fell&nbsp;more&nbsp;than&nbsp;4%.</p><p><blockquote>电动汽车股早盘涨跌互现。特斯拉、尼古拉、蔚来、小鹏汽车和理想汽车上涨1%至3%。而Lucid则下跌超过4%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/0c26aaadf8023ee7e2e15e128470dc48\" tg-width=\"417\" tg-height=\"660\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>EV stocks mixed in morning trading<blockquote>电动汽车股早盘涨跌互现</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\">\nEV stocks mixed in morning trading<blockquote>电动汽车股早盘涨跌互现</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-12-27 22:39</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>EV stocks mixed in morning trading.Tesla,Nikola,NIO,Xpeng Motors and Li Auto&nbsp;climbed between 1% and 3%.While&nbsp;Lucid&nbsp;fell&nbsp;more&nbsp;than&nbsp;4%.</p><p><blockquote>电动汽车股早盘涨跌互现。特斯拉、尼古拉、蔚来、小鹏汽车和理想汽车上涨1%至3%。而Lucid则下跌超过4%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/0c26aaadf8023ee7e2e15e128470dc48\" tg-width=\"417\" tg-height=\"660\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LI":"理想汽车","LCID":"Lucid Group Inc","TSLA":"特斯拉","XPEV":"小鹏汽车","RIVN":"Rivian Automotive, Inc.","FSR":"菲斯克","NIO":"蔚来"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1139095230","content_text":"EV stocks mixed in morning trading.Tesla,Nikola,NIO,Xpeng Motors and Li Auto climbed between 1% and 3%.While Lucid fell more than 4%.","news_type":1,"symbols_score_info":{"LI":0.9,"NIO":0.9,"TSLA":0.9,"LCID":0.9,"XPEV":0.9,"RIVN":0.9,"NKLA":0.9,"FSR":0.9,"GOEV":0.9,"ARVL":0.9}},"isVote":1,"tweetType":1,"viewCount":3017,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":696373209,"gmtCreate":1640641114897,"gmtModify":1640641116307,"author":{"id":"3568070265339857","authorId":"3568070265339857","name":"LohYK","avatar":"https://static.tigerbbs.com/d6add0343094f5e965e831fa432314ef","crmLevel":13,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568070265339857","idStr":"3568070265339857"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/696373209","repostId":"1133786316","repostType":4,"repost":{"id":"1133786316","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":1640618808,"share":"https://www.laohu8.com/m/news/1133786316?lang=zh_CN&edition=full","pubTime":"2021-12-27 23:26","market":"us","language":"en","title":"Some Fintech stocks climbed in morning trading<blockquote>部分金融科技股早盘上涨</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1133786316","media":"Tiger Newspress","summary":"Some Fintech stocks climbed in morning trading.Upstart,Affirm,Coinbase and Square gained between 1% ","content":"<p>Some&nbsp;Fintech stocks climbed in morning trading.Upstart,Affirm,Coinbase&nbsp;and&nbsp;Square&nbsp;gained&nbsp;between 1% and 7%.</p><p><blockquote>一些金融科技股在早盘交易中上涨。Upstart、Affirm、Coinbase和Square上涨1%至7%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/b533188a02ddec9025e04cbc4b74508a\" tg-width=\"415\" tg-height=\"237\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Some Fintech stocks climbed in morning trading<blockquote>部分金融科技股早盘上涨</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 Fintech stocks climbed in morning trading<blockquote>部分金融科技股早盘上涨</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-12-27 23:26</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Some&nbsp;Fintech stocks climbed in morning trading.Upstart,Affirm,Coinbase&nbsp;and&nbsp;Square&nbsp;gained&nbsp;between 1% and 7%.</p><p><blockquote>一些金融科技股在早盘交易中上涨。Upstart、Affirm、Coinbase和Square上涨1%至7%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/b533188a02ddec9025e04cbc4b74508a\" tg-width=\"415\" tg-height=\"237\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UPST":"Upstart Holdings, Inc.","AFRM":"Affirm Holdings, Inc.","COIN":"Coinbase Global, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1133786316","content_text":"Some Fintech stocks climbed in morning trading.Upstart,Affirm,Coinbase and Square gained between 1% and 7%.","news_type":1,"symbols_score_info":{"SQ":0.9,"AFRM":0.9,"UPST":0.9,"COIN":0.9}},"isVote":1,"tweetType":1,"viewCount":3162,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":698785058,"gmtCreate":1640558645976,"gmtModify":1640558647402,"author":{"id":"3568070265339857","authorId":"3568070265339857","name":"LohYK","avatar":"https://static.tigerbbs.com/d6add0343094f5e965e831fa432314ef","crmLevel":13,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568070265339857","idStr":"3568070265339857"},"themes":[],"htmlText":"Hope they perform better in 2022","listText":"Hope they perform better in 2022","text":"Hope they perform better in 2022","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/698785058","repostId":"2193178197","repostType":4,"isVote":1,"tweetType":1,"viewCount":3145,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":698521372,"gmtCreate":1640473306179,"gmtModify":1640473308467,"author":{"id":"3568070265339857","authorId":"3568070265339857","name":"LohYK","avatar":"https://static.tigerbbs.com/d6add0343094f5e965e831fa432314ef","crmLevel":13,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568070265339857","idStr":"3568070265339857"},"themes":[],"htmlText":"Think it will still go up but maybe slower.... As expectation for EV had&nbsp;been quite overblown","listText":"Think it will still go up but maybe slower.... As expectation for EV had&nbsp;been quite overblown","text":"Think it will still go up but maybe slower.... As expectation for EV had been quite overblown","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/698521372","repostId":"1198357593","repostType":2,"repost":{"id":"1198357593","kind":"news","pubTimestamp":1640052081,"share":"https://www.laohu8.com/m/news/1198357593?lang=zh_CN&edition=full","pubTime":"2021-12-21 10:01","market":"us","language":"en","title":"NIO, LI, XPEV Stocks: Why Are Chinese EV Stocks Hitting the Brakes Today<blockquote>蔚来、LI、XPEV股票：为什么中国电动汽车股票今天刹车</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1198357593","media":"InvestorPlace","summary":"Chinese electric vehicle companies Nio(NYSE:NIO),Li(NASDAQ:LI), and Xpeng(NYSE:XPEV) each closed dow","content":"<p><div> Chinese electric vehicle companies Nio(NYSE:NIO),Li(NASDAQ:LI), and Xpeng(NYSE:XPEV) each closed down roughly 6% today. It seems Chinese EV stocks can’t catch a break as diminished 2022 outlooks ...</p><p><blockquote><div>中国电动汽车公司蔚来（纽约证券交易所股票代码：蔚来）、理想汽车（纳斯达克股票代码：LI）和小鹏汽车（纽约证券交易所股票代码：XPEV）今天均收盘下跌约6%。随着2022年前景黯淡，中国电动汽车股似乎无法突破……</div></blockquote></p><p>  <a href=\"https://investorplace.com/2021/12/nio-li-xpev-stocks-why-are-chinese-ev-stocks-hitting-the-brakes-today/\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://investorplace.com/2021/12/nio-li-xpev-stocks-why-are-chinese-ev-stocks-hitting-the-brakes-today/\">网页连接</a></blockquote></p><p></p>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>NIO, LI, XPEV Stocks: Why Are Chinese EV Stocks Hitting the Brakes Today<blockquote>蔚来、LI、XPEV股票：为什么中国电动汽车股票今天刹车</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\">\nNIO, LI, XPEV Stocks: Why Are Chinese EV Stocks Hitting the Brakes Today<blockquote>蔚来、LI、XPEV股票：为什么中国电动汽车股票今天刹车</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">InvestorPlace</strong><span class=\"h-time small\">2021-12-21 10:01</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> Chinese electric vehicle companies Nio(NYSE:NIO),Li(NASDAQ:LI), and Xpeng(NYSE:XPEV) each closed down roughly 6% today. It seems Chinese EV stocks can’t catch a break as diminished 2022 outlooks ...</p><p><blockquote><div>中国电动汽车公司蔚来（纽约证券交易所股票代码：蔚来）、理想汽车（纳斯达克股票代码：LI）和小鹏汽车（纽约证券交易所股票代码：XPEV）今天均收盘下跌约6%。随着2022年前景黯淡，中国电动汽车股似乎无法突破……</div></blockquote></p><p>  <a href=\"https://investorplace.com/2021/12/nio-li-xpev-stocks-why-are-chinese-ev-stocks-hitting-the-brakes-today/\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://investorplace.com/2021/12/nio-li-xpev-stocks-why-are-chinese-ev-stocks-hitting-the-brakes-today/\">网页连接</a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://investorplace.com/2021/12/nio-li-xpev-stocks-why-are-chinese-ev-stocks-hitting-the-brakes-today/\">InvestorPlace</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来","XPEV":"小鹏汽车","02015":"理想汽车-W","LI":"理想汽车","09868":"小鹏汽车-W"},"source_url":"https://investorplace.com/2021/12/nio-li-xpev-stocks-why-are-chinese-ev-stocks-hitting-the-brakes-today/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1198357593","content_text":"Chinese electric vehicle companies Nio(NYSE:NIO),Li(NASDAQ:LI), and Xpeng(NYSE:XPEV) each closed down roughly 6% today. It seems Chinese EV stocks can’t catch a break as diminished 2022 outlooks combined with mounting omicron variant concerns spell trouble.\nToday, Guggenheim offered its take on EV stocks heading into 2022, and it wasn’t particularly optimistic. Analyst Ali Faghri recommends caution in the EV sector. “In the near term, however, we believe EV adoption may fall short of industry forecasts,” he said.\nAlternative-energy vehicle sales are expected to reach around 3 million units in 2022, more than double 2020 numbers. However, this comes as overall car sales in the country fell 13%year over year this past November.\n2022 also brings a host of new players to the China EV market. In the new year, the country will give foreign automakers(almost) free reignin the country. Current laws mandate that foreign companies must operate as a joint venture with local carmakers, with no more than 50% ownership.\nLet’s see what else has the Chinese EV companies bearish today.\nChinese EV Stocks: Competition, Regulation, Supply Shortages\nToyota(NYSE:TM),Volkswagen(OTCMKTS:VWAGY) and Honda(NYSE:HMC) each have elaborate plans for attacking the Chinese EV market as well. This may not bode well for local auto manufacturers. While their market share is at near-historic highs, this may not protect them from the onslaught of new competition.\nToyota has stated that it aims to increase sales of EVs in China by 50% before 2025, with plans to introduce 30 new models by then. Honda has even stated that by 2030, all new models will be electric.\nChinese EV sales have been hit by supply constraints, and specifically, an ongoing chip shortage. With the semiconductor shortages predicted to linger into 2022, this is another sour spot for the high-growth industry.","news_type":1,"symbols_score_info":{"02015":0.9,"NIO":0.9,"XPEV":0.9,"09868":0.9,"LI":0.9}},"isVote":1,"tweetType":1,"viewCount":4714,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":698942673,"gmtCreate":1640295493204,"gmtModify":1640295499317,"author":{"id":"3568070265339857","authorId":"3568070265339857","name":"LohYK","avatar":"https://static.tigerbbs.com/d6add0343094f5e965e831fa432314ef","crmLevel":13,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568070265339857","idStr":"3568070265339857"},"themes":[],"htmlText":"Without the backing of tencent, this definitely erode confidence of the investors","listText":"Without the backing of tencent, this definitely erode confidence of the investors","text":"Without the backing of tencent, this definitely erode confidence of the investors","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/698942673","repostId":"1111942278","repostType":4,"repost":{"id":"1111942278","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":1640250064,"share":"https://www.laohu8.com/m/news/1111942278?lang=zh_CN&edition=full","pubTime":"2021-12-23 17:01","market":"hk","language":"en","title":"JD shares dropped more than 9% in premarket trading.<blockquote>京东股价在盘前交易中下跌超过9%。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1111942278","media":"Tiger Newspress","summary":"JD shares dropped more than 9% in premarket trading.\n\nTencent Holdings Ltd.plans to distribute more ","content":"<p>JD&nbsp;shares&nbsp;dropped&nbsp;more&nbsp;than&nbsp;9%&nbsp;in&nbsp;premarket&nbsp;trading.</p><p><blockquote>京东股价在盘前交易中下跌超过9%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/d539c754ddd71e5197253487bc06daff\" tg-width=\"710\" tg-height=\"615\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Tencent Holdings Ltd.plans to distribute more than $16 billion ofJD.com Inc.shares as a one-time dividend, representing a near-retreat from the Chinese e-commerce firm that is stoking concerns it will pull away from other marquee investments.</p><p><blockquote>腾讯控股控股有限公司计划分配超过160亿美元的京东公司股票作为一次性股息，这意味着这家中国电子商务公司即将退出，这引发了人们对其将退出其他大型投资的担忧。</blockquote></p><p> Tencent plans to give out 457.3 million Class A shares in JD.com, representing about 86.4% of its total stake and nearly 15% of the online retailer’s total issued shares, according to a&nbsp;filing&nbsp;to the Hong Kong stock exchange. At Wednesday’s close, the shares in the proposed distribution were worth HK$127.7 billion ($16.4 billion). Tencent, which controls about 17% of JD.com, will hold roughly 2.3% of the e-commerce company’s shares after the handout, JD.com said in a separate statement.</p><p><blockquote>根据向港交所提交的文件，腾讯控股计划在京东发行4.573亿股A类股，约占其总股份的86.4%，占该在线零售商已发行股份总数的近15%。截至周三收盘，拟议分配的股票价值1277亿港元（164亿美元）。京东在另一份声明中表示，控制着京东约17%股份的腾讯控股在此次捐赠后将持有这家电子商务公司约2.3%的股份。</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>JD shares dropped more than 9% in premarket trading.<blockquote>京东股价在盘前交易中下跌超过9%。</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\">\nJD shares dropped more than 9% in premarket trading.<blockquote>京东股价在盘前交易中下跌超过9%。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-12-23 17:01</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>JD&nbsp;shares&nbsp;dropped&nbsp;more&nbsp;than&nbsp;9%&nbsp;in&nbsp;premarket&nbsp;trading.</p><p><blockquote>京东股价在盘前交易中下跌超过9%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/d539c754ddd71e5197253487bc06daff\" tg-width=\"710\" tg-height=\"615\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Tencent Holdings Ltd.plans to distribute more than $16 billion ofJD.com Inc.shares as a one-time dividend, representing a near-retreat from the Chinese e-commerce firm that is stoking concerns it will pull away from other marquee investments.</p><p><blockquote>腾讯控股控股有限公司计划分配超过160亿美元的京东公司股票作为一次性股息，这意味着这家中国电子商务公司即将退出，这引发了人们对其将退出其他大型投资的担忧。</blockquote></p><p> Tencent plans to give out 457.3 million Class A shares in JD.com, representing about 86.4% of its total stake and nearly 15% of the online retailer’s total issued shares, according to a&nbsp;filing&nbsp;to the Hong Kong stock exchange. At Wednesday’s close, the shares in the proposed distribution were worth HK$127.7 billion ($16.4 billion). Tencent, which controls about 17% of JD.com, will hold roughly 2.3% of the e-commerce company’s shares after the handout, JD.com said in a separate statement.</p><p><blockquote>根据向港交所提交的文件，腾讯控股计划在京东发行4.573亿股A类股，约占其总股份的86.4%，占该在线零售商已发行股份总数的近15%。截至周三收盘，拟议分配的股票价值1277亿港元（164亿美元）。京东在另一份声明中表示，控制着京东约17%股份的腾讯控股在此次捐赠后将持有这家电子商务公司约2.3%的股份。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TCEHY":"腾讯控股ADR","JD":"京东","09618":"京东集团-SW","00700":"腾讯控股"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1111942278","content_text":"JD shares dropped more than 9% in premarket trading.\n\nTencent Holdings Ltd.plans to distribute more than $16 billion ofJD.com Inc.shares as a one-time dividend, representing a near-retreat from the Chinese e-commerce firm that is stoking concerns it will pull away from other marquee investments.\nTencent plans to give out 457.3 million Class A shares in JD.com, representing about 86.4% of its total stake and nearly 15% of the online retailer’s total issued shares, according to a filing to the Hong Kong stock exchange. At Wednesday’s close, the shares in the proposed distribution were worth HK$127.7 billion ($16.4 billion). Tencent, which controls about 17% of JD.com, will hold roughly 2.3% of the e-commerce company’s shares after the handout, JD.com said in a separate statement.","news_type":1,"symbols_score_info":{"00700":0.9,"TCEHY":0.9,"JD":0.9,"09618":0.9}},"isVote":1,"tweetType":1,"viewCount":2881,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":691245354,"gmtCreate":1640215996279,"gmtModify":1640215997613,"author":{"id":"3568070265339857","authorId":"3568070265339857","name":"LohYK","avatar":"https://static.tigerbbs.com/d6add0343094f5e965e831fa432314ef","crmLevel":13,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568070265339857","idStr":"3568070265339857"},"themes":[],"htmlText":"Definitely","listText":"Definitely","text":"Definitely","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/691245354","repostId":"1158266085","repostType":4,"repost":{"id":"1158266085","kind":"news","pubTimestamp":1640214329,"share":"https://www.laohu8.com/m/news/1158266085?lang=zh_CN&edition=full","pubTime":"2021-12-23 07:05","market":"us","language":"en","title":"Tesla’s Touch-Screen Gaming Probed by U.S. Auto-Safety Regulator<blockquote>特斯拉触摸屏游戏受到美国汽车安全监管机构调查</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1158266085","media":"The Wall Street Journal","summary":"The National Highway Traffic Safety Administration says the screen may distract drivers\nVince Patton","content":"<p>The National Highway Traffic Safety Administration says the screen may distract drivers</p><p><blockquote>美国国家公路交通安全管理局表示，屏幕可能会分散司机的注意力</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f13c4a406aeab8eaadfbbe4fa762a26f\" tg-width=\"1290\" tg-height=\"860\" width=\"100%\" height=\"auto\"><span>Vince Patton, a new Tesla owner, shows how he can play videogames while driving on a closed course in Portland earlier this month.</span></p><p><blockquote><p class=\"t-img-caption\"><span>本月早些时候，特斯拉的新车主文斯·巴顿展示了他如何在一个封闭的球场上开车时玩电子游戏。</span></p></blockquote></p><p> The top U.S. auto-safety regulator has opened an investigation into a&nbsp;Tesla Inc.&nbsp;feature that allows people—including the driver—to play games on a touch screen while the vehicle is in motion.</p><p><blockquote>美国最高汽车安全监管机构已对特斯拉公司的一项功能展开调查，该功能允许人们（包括驾驶员）在车辆行驶时在触摸屏上玩游戏。</blockquote></p><p> The ability to play games while driving has been available for roughly a year in some vehicles and “may distract the driver and increase the risk of a crash,” the National Highway Traffic Safety Administration said in a document made public Wednesday. The feature previously was only enabled while vehicles were in park, the agency said, adding it launched the probe to evaluate the potential for driver distraction.</p><p><blockquote>美国国家公路交通安全管理局在周三公开的一份文件中表示，一些车辆在驾驶时玩游戏的功能已经存在了大约一年，“可能会分散驾驶员的注意力并增加撞车的风险”。该机构表示，该功能以前仅在车辆停放时启用，并补充说，它启动调查是为了评估驾驶员分心的可能性。</blockquote></p><p> The probe covers about 580,000 Tesla vehicles of all types and model years 2017 to present in some cases, NHTSA said.</p><p><blockquote>NHTSA表示，此次调查涵盖了约58万辆2017年至2017年所有类型和车型年的特斯拉汽车。</blockquote></p><p> Tesla didn’t immediately respond to a request for comment.</p><p><blockquote>特斯拉没有立即回应置评请求。</blockquote></p><p> When a vehicle is in drive, Tesla asks those seeking to play games on the centrally located front touch screen to confirm they are a passenger. Available games include solitaire, Sky Force Reloaded and The Battle of Polytopia. Certain other games aren’t available unless the vehicle is parked.</p><p><blockquote>当车辆行驶时，特斯拉会要求那些想在位于中央的前触摸屏上玩游戏的人确认他们是乘客。可用的游戏包括纸牌，天空力量重装上阵和多托邦之战。除非车辆停放，否则某些其他游戏不可用。</blockquote></p><p> NHTSA said it wasn’t aware of any crashes or injuries linked to the feature. The agency received a complaint about the functionality earlier this year that urged the regulator to prohibit live video and interactive web browsing on the centrally located front touch screen while Teslas are in motion.</p><p><blockquote>NHTSA表示，不知道有任何与该功能相关的事故或伤害。该机构今年早些时候收到了有关该功能的投诉，敦促监管机构禁止在特斯拉行驶时在位于中央的前触摸屏上进行实时视频和交互式网络浏览。</blockquote></p><p> Tesla Chief Executive&nbsp;Elon Musk&nbsp;has said he thinks&nbsp;entertainment will be highly desired&nbsp;once vehicles become autonomous. Tesla’s advanced driver-assistance system, known as Autopilot, doesn’t make vehicles autonomous.</p><p><blockquote>特斯拉首席执行官Elon Musk表示，他认为一旦汽车实现自动驾驶，娱乐将非常受欢迎。特斯拉的先进驾驶辅助系统（称为Autopilot）并不能使车辆实现自动驾驶。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/a798015f792f0f3e9247f60cab46c81e\" tg-width=\"412\" tg-height=\"451\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> NHTSA investigations can lead to recalls. Tesla&nbsp;recalled roughly 135,000 vehicles earlier this year&nbsp;over touch-screen failures after NHTSA&nbsp;urged it to do so.</p><p><blockquote>NHTSA的调查可能会导致召回。今年早些时候，在NHTSA敦促下，特斯拉因触摸屏故障召回了约135,000辆汽车。</blockquote></p><p> The agency is also&nbsp;investigating Tesla’s Autopilot system&nbsp;after a series of crashes involving Teslas and one or more parked emergency vehicles.</p><p><blockquote>在一系列涉及特斯拉和一辆或多辆停放的紧急车辆的事故发生后，该机构还在调查特斯拉的自动驾驶系统。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla’s Touch-Screen Gaming Probed by U.S. Auto-Safety Regulator<blockquote>特斯拉触摸屏游戏受到美国汽车安全监管机构调查</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla’s Touch-Screen Gaming Probed by U.S. Auto-Safety Regulator<blockquote>特斯拉触摸屏游戏受到美国汽车安全监管机构调查</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">The Wall Street Journal</strong><span class=\"h-time small\">2021-12-23 07:05</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The National Highway Traffic Safety Administration says the screen may distract drivers</p><p><blockquote>美国国家公路交通安全管理局表示，屏幕可能会分散司机的注意力</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f13c4a406aeab8eaadfbbe4fa762a26f\" tg-width=\"1290\" tg-height=\"860\" width=\"100%\" height=\"auto\"><span>Vince Patton, a new Tesla owner, shows how he can play videogames while driving on a closed course in Portland earlier this month.</span></p><p><blockquote><p class=\"t-img-caption\"><span>本月早些时候，特斯拉的新车主文斯·巴顿展示了他如何在一个封闭的球场上开车时玩电子游戏。</span></p></blockquote></p><p> The top U.S. auto-safety regulator has opened an investigation into a&nbsp;Tesla Inc.&nbsp;feature that allows people—including the driver—to play games on a touch screen while the vehicle is in motion.</p><p><blockquote>美国最高汽车安全监管机构已对特斯拉公司的一项功能展开调查，该功能允许人们（包括驾驶员）在车辆行驶时在触摸屏上玩游戏。</blockquote></p><p> The ability to play games while driving has been available for roughly a year in some vehicles and “may distract the driver and increase the risk of a crash,” the National Highway Traffic Safety Administration said in a document made public Wednesday. The feature previously was only enabled while vehicles were in park, the agency said, adding it launched the probe to evaluate the potential for driver distraction.</p><p><blockquote>美国国家公路交通安全管理局在周三公开的一份文件中表示，一些车辆在驾驶时玩游戏的功能已经存在了大约一年，“可能会分散驾驶员的注意力并增加撞车的风险”。该机构表示，该功能以前仅在车辆停放时启用，并补充说，它启动调查是为了评估驾驶员分心的可能性。</blockquote></p><p> The probe covers about 580,000 Tesla vehicles of all types and model years 2017 to present in some cases, NHTSA said.</p><p><blockquote>NHTSA表示，此次调查涵盖了约58万辆2017年至2017年所有类型和车型年的特斯拉汽车。</blockquote></p><p> Tesla didn’t immediately respond to a request for comment.</p><p><blockquote>特斯拉没有立即回应置评请求。</blockquote></p><p> When a vehicle is in drive, Tesla asks those seeking to play games on the centrally located front touch screen to confirm they are a passenger. Available games include solitaire, Sky Force Reloaded and The Battle of Polytopia. Certain other games aren’t available unless the vehicle is parked.</p><p><blockquote>当车辆行驶时，特斯拉会要求那些想在位于中央的前触摸屏上玩游戏的人确认他们是乘客。可用的游戏包括纸牌，天空力量重装上阵和多托邦之战。除非车辆停放，否则某些其他游戏不可用。</blockquote></p><p> NHTSA said it wasn’t aware of any crashes or injuries linked to the feature. The agency received a complaint about the functionality earlier this year that urged the regulator to prohibit live video and interactive web browsing on the centrally located front touch screen while Teslas are in motion.</p><p><blockquote>NHTSA表示，不知道有任何与该功能相关的事故或伤害。该机构今年早些时候收到了有关该功能的投诉，敦促监管机构禁止在特斯拉行驶时在位于中央的前触摸屏上进行实时视频和交互式网络浏览。</blockquote></p><p> Tesla Chief Executive&nbsp;Elon Musk&nbsp;has said he thinks&nbsp;entertainment will be highly desired&nbsp;once vehicles become autonomous. Tesla’s advanced driver-assistance system, known as Autopilot, doesn’t make vehicles autonomous.</p><p><blockquote>特斯拉首席执行官Elon Musk表示，他认为一旦汽车实现自动驾驶，娱乐将非常受欢迎。特斯拉的先进驾驶辅助系统（称为Autopilot）并不能使车辆实现自动驾驶。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/a798015f792f0f3e9247f60cab46c81e\" tg-width=\"412\" tg-height=\"451\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> NHTSA investigations can lead to recalls. Tesla&nbsp;recalled roughly 135,000 vehicles earlier this year&nbsp;over touch-screen failures after NHTSA&nbsp;urged it to do so.</p><p><blockquote>NHTSA的调查可能会导致召回。今年早些时候，在NHTSA敦促下，特斯拉因触摸屏故障召回了约135,000辆汽车。</blockquote></p><p> The agency is also&nbsp;investigating Tesla’s Autopilot system&nbsp;after a series of crashes involving Teslas and one or more parked emergency vehicles.</p><p><blockquote>在一系列涉及特斯拉和一辆或多辆停放的紧急车辆的事故发生后，该机构还在调查特斯拉的自动驾驶系统。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.wsj.com/articles/teslas-touch-screen-gaming-probed-by-u-s-auto-safety-regulator-11640187212?mod=hp_lista_pos5\">The Wall Street Journal</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.wsj.com/articles/teslas-touch-screen-gaming-probed-by-u-s-auto-safety-regulator-11640187212?mod=hp_lista_pos5","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1158266085","content_text":"The National Highway Traffic Safety Administration says the screen may distract drivers\nVince Patton, a new Tesla owner, shows how he can play videogames while driving on a closed course in Portland earlier this month.\nThe top U.S. auto-safety regulator has opened an investigation into a Tesla Inc. feature that allows people—including the driver—to play games on a touch screen while the vehicle is in motion.\nThe ability to play games while driving has been available for roughly a year in some vehicles and “may distract the driver and increase the risk of a crash,” the National Highway Traffic Safety Administration said in a document made public Wednesday. The feature previously was only enabled while vehicles were in park, the agency said, adding it launched the probe to evaluate the potential for driver distraction.\nThe probe covers about 580,000 Tesla vehicles of all types and model years 2017 to present in some cases, NHTSA said.\nTesla didn’t immediately respond to a request for comment.\nWhen a vehicle is in drive, Tesla asks those seeking to play games on the centrally located front touch screen to confirm they are a passenger. Available games include solitaire, Sky Force Reloaded and The Battle of Polytopia. Certain other games aren’t available unless the vehicle is parked.\nNHTSA said it wasn’t aware of any crashes or injuries linked to the feature. The agency received a complaint about the functionality earlier this year that urged the regulator to prohibit live video and interactive web browsing on the centrally located front touch screen while Teslas are in motion.\nTesla Chief Executive Elon Musk has said he thinks entertainment will be highly desired once vehicles become autonomous. Tesla’s advanced driver-assistance system, known as Autopilot, doesn’t make vehicles autonomous.\n\nNHTSA investigations can lead to recalls. Tesla recalled roughly 135,000 vehicles earlier this year over touch-screen failures after NHTSA urged it to do so.\nThe agency is also investigating Tesla’s Autopilot system after a series of crashes involving Teslas and one or more parked emergency vehicles.","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":2985,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":691242237,"gmtCreate":1640215940274,"gmtModify":1640215941615,"author":{"id":"3568070265339857","authorId":"3568070265339857","name":"LohYK","avatar":"https://static.tigerbbs.com/d6add0343094f5e965e831fa432314ef","crmLevel":13,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568070265339857","idStr":"3568070265339857"},"themes":[],"htmlText":"Wonder if it will request the 900 range iMar","listText":"Wonder if it will request the 900 range iMar","text":"Wonder if it will request the 900 range iMar","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/691242237","repostId":"2193211354","repostType":4,"isVote":1,"tweetType":1,"viewCount":2865,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":691246394,"gmtCreate":1640215800930,"gmtModify":1640215802399,"author":{"id":"3568070265339857","authorId":"3568070265339857","name":"LohYK","avatar":"https://static.tigerbbs.com/d6add0343094f5e965e831fa432314ef","crmLevel":13,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568070265339857","idStr":"3568070265339857"},"themes":[],"htmlText":"Let's hope this can continue&nbsp;","listText":"Let's hope this can continue&nbsp;","text":"Let's hope this can continue","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/691246394","repostId":"2193113147","repostType":4,"isVote":1,"tweetType":1,"viewCount":1105,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":691911517,"gmtCreate":1640123060869,"gmtModify":1640123062237,"author":{"id":"3568070265339857","authorId":"3568070265339857","name":"LohYK","avatar":"https://static.tigerbbs.com/d6add0343094f5e965e831fa432314ef","crmLevel":13,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568070265339857","idStr":"3568070265339857"},"themes":[],"htmlText":"As usual, it a always did","listText":"As usual, it a always did","text":"As usual, it a always did","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/691911517","repostId":"2193154031","repostType":4,"isVote":1,"tweetType":1,"viewCount":1307,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":691911132,"gmtCreate":1640122988946,"gmtModify":1640122990296,"author":{"id":"3568070265339857","authorId":"3568070265339857","name":"LohYK","avatar":"https://static.tigerbbs.com/d6add0343094f5e965e831fa432314ef","crmLevel":13,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568070265339857","idStr":"3568070265339857"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/691911132","repostId":"1131687838","repostType":4,"isVote":1,"tweetType":1,"viewCount":1095,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":693281431,"gmtCreate":1640040515738,"gmtModify":1640040517110,"author":{"id":"3568070265339857","authorId":"3568070265339857","name":"LohYK","avatar":"https://static.tigerbbs.com/d6add0343094f5e965e831fa432314ef","crmLevel":13,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568070265339857","idStr":"3568070265339857"},"themes":[],"htmlText":"Let hope there is really a Santa rally coming too","listText":"Let hope there is really a Santa rally coming too","text":"Let hope there is really a Santa rally coming too","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/693281431","repostId":"1139958745","repostType":4,"repost":{"id":"1139958745","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":1640010639,"share":"https://www.laohu8.com/m/news/1139958745?lang=zh_CN&edition=full","pubTime":"2021-12-20 22:30","market":"us","language":"en","title":"Dow falls 500 points to start the week as omicron continues to spook markets<blockquote>由于奥密克戎继续令市场恐慌，道琼斯指数本周初下跌500点</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1139958745","media":"Tiger Newspress","summary":"Stocks fell on Monday at the start of a holiday-shortened week of trading, with investors considerin","content":"<p>Stocks fell on Monday at&nbsp;the start of a holiday-shortened week of trading, with investors considering renewed virus-related restrictions overseas and prospects that a significant social policy bill may be scuttled.</p><p><blockquote>周一，在假期缩短的交易周开始时，股市下跌，投资者考虑海外新的与病毒相关的限制，以及一项重大社会政策法案可能被否决的前景。</blockquote></p><p> The S&amp;P 500, Dow Nasdaq each dropped more than 1%. Treasury yields fell as investors piled into safe haven assets, and the benchmark 10-year yield held below 1.4%. The CBOE Volatility Index,or VIX,spiked more than 20% to hover above 25.</p><p><blockquote>标普500、道指纳斯达克均跌超1%。由于投资者涌入避险资产，美国国债收益率下跌，基准10年期国债收益率保持在1.4%以下。芝加哥期权交易所波动率指数(VIX)飙升逾20%，徘徊在25上方。</blockquote></p><p> U.S. crude oil prices sank 3% to trade below $69 per barrel as restrictions mounted in Europe, stoking jitters around energy demand. Countries from&nbsp;Germany to Irelandimposed curfews or travel restrictions in recent days given the rapidly spreading new variant. And the Netherlands over the weekend&nbsp;announced a nationwide lockdown of non-essential stores, bars and restaurants&nbsp;until Jan. 14. As of this weekend, the Omicron variant&nbsp;had been reported in about 89 countries,with cases doubling every 1.5 to 3 days.</p><p><blockquote>随着欧洲限制措施的加强，美国原油价格下跌3%，至每桶69美元以下，引发了人们对能源需求的不安。鉴于新变种迅速传播，从德国到爱尔兰等国家最近几天实施了宵禁或旅行限制。荷兰周末宣布在全国范围内封锁非必需品商店、酒吧和餐馆，直至1月14日。截至本周末，约有89个国家报告了奥密克戎变种，病例每1.5至3天翻一番。</blockquote></p><p> Renewed fears over the economic impact of the Omicron variant compounded with last week's concerns for investors around the prospects of tighter monetary policy, with the Federal Reserve accelerating its rate of asset-purchase tapering and signaling three interest rate hikes could be coming next year. Last week, each of the three major indexes posted steep weekly losses. The Nasdaq Composite fell 3% and the S&amp;P 500 and Dow each dropped by nearly 2% for the week.</p><p><blockquote>对奥密克戎变体经济影响的担忧再次加剧，加上上周投资者对收紧货币政策前景的担忧，美联储加快了缩减资产购买的步伐，并暗示明年可能会加息三次。上周，三大指数均出现周线大幅下跌。纳斯达克综合指数下跌3%，标普500指数和道琼斯指数本周均下跌近2%。</blockquote></p><p> Still, other updates around the effect of current COVID-19 vaccines on the variant were more upbeat. Moderna (MRNA)said Monday that a booster,or a third dose, of its shot increased Omicron neutralizing antibody levels. This echoed results from&nbsp;Pfizer (PFE) and BioNTech (BNTX) from earlier this month&nbsp;about the effectiveness of their vaccine's third dose on neutralizing Omicron. Shares of Moderna gained more than 7% ahead of the opening bell.</p><p><blockquote>尽管如此，关于当前新冠肺炎疫苗对该变种的影响的其他更新更加乐观。Moderna(MRNA)周一表示，其加强针或第三剂疫苗增加了奥密克戎中和抗体水平。这与辉瑞(PFE)和BioNTech(BNTX)本月早些时候关于其疫苗第三剂中和奥密克戎病毒有效性的结果相呼应。Moderna股价开盘前上涨超过7%。</blockquote></p><p> Investors also digested the unexpected news that Senator Joe Manchin (D., W. Va.) would not support President Joe Biden's $1.75 billion Build Back Better social policy bill. Manchin, speaking onFox News Sunday, said he had discussed with Democratic House and Senate leaders and Biden, but was unable to come to an agreement on the bill given concerns about inflation, the national debt and ongoing pandemic.</p><p><blockquote>投资者还消化了参议员乔·曼钦（西弗吉尼亚州民主党人）不会支持乔·拜登总统17.5亿美元的重建更好社会政策法案的意外消息。曼钦周日在福克斯新闻上表示，他已与民主党众议院和参议院领导人以及拜登进行了讨论，但鉴于对通货膨胀、国债和持续大流行的担忧，未能就该法案达成协议。</blockquote></p><p> White House Press Secretary Jen Psakireleased a statement&nbsp;calling Manchin's comments \"a sudden and inexplicable reversal in his position,\" and said the administration would work to move forward with the legislation next year.</p><p><blockquote>白宫新闻秘书珍·普萨基（Jen Psaki）发表声明，称曼钦的言论“是他立场的突然且令人费解的逆转”，并表示政府将努力在明年推进立法。</blockquote></p><p> Still, Goldman Sachs this weekend&nbsp;slashed its quarter GDP forecasts for 2022following Manchin's withdrawal of support for the bill. The economists, led by Jan Hatzius, said they expected the \"fiscal impulse will be somewhat more negative\" than previously expected next year, in absence of the spending on social and climate-related policies included in the bill. The firm lowered its U.S. GDP forecast to 2% from 3% for the first quarter of 2022, to 3% from 3.5% for the second quarter, and to 2.75% from 3% for the third quarter.</p><p><blockquote>尽管如此，在曼钦撤回对该法案的支持后，高盛本周末大幅下调了2022年季度GDP预测。以Jan Hatzius为首的经济学家表示，他们预计明年的“财政刺激将比之前预期的更加负面”，因为该法案中没有包括社会和气候相关政策的支出。该公司将2022年第一季度美国GDP预期从3%下调至2%，第二季度从3.5%下调至3%，第三季度从3%下调至2.75%。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Dow falls 500 points to start the week as omicron continues to spook markets<blockquote>由于奥密克戎继续令市场恐慌，道琼斯指数本周初下跌500点</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDow falls 500 points to start the week as omicron continues to spook markets<blockquote>由于奥密克戎继续令市场恐慌，道琼斯指数本周初下跌500点</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-12-20 22:30</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Stocks fell on Monday at&nbsp;the start of a holiday-shortened week of trading, with investors considering renewed virus-related restrictions overseas and prospects that a significant social policy bill may be scuttled.</p><p><blockquote>周一，在假期缩短的交易周开始时，股市下跌，投资者考虑海外新的与病毒相关的限制，以及一项重大社会政策法案可能被否决的前景。</blockquote></p><p> The S&amp;P 500, Dow Nasdaq each dropped more than 1%. Treasury yields fell as investors piled into safe haven assets, and the benchmark 10-year yield held below 1.4%. The CBOE Volatility Index,or VIX,spiked more than 20% to hover above 25.</p><p><blockquote>标普500、道指纳斯达克均跌超1%。由于投资者涌入避险资产，美国国债收益率下跌，基准10年期国债收益率保持在1.4%以下。芝加哥期权交易所波动率指数(VIX)飙升逾20%，徘徊在25上方。</blockquote></p><p> U.S. crude oil prices sank 3% to trade below $69 per barrel as restrictions mounted in Europe, stoking jitters around energy demand. Countries from&nbsp;Germany to Irelandimposed curfews or travel restrictions in recent days given the rapidly spreading new variant. And the Netherlands over the weekend&nbsp;announced a nationwide lockdown of non-essential stores, bars and restaurants&nbsp;until Jan. 14. As of this weekend, the Omicron variant&nbsp;had been reported in about 89 countries,with cases doubling every 1.5 to 3 days.</p><p><blockquote>随着欧洲限制措施的加强，美国原油价格下跌3%，至每桶69美元以下，引发了人们对能源需求的不安。鉴于新变种迅速传播，从德国到爱尔兰等国家最近几天实施了宵禁或旅行限制。荷兰周末宣布在全国范围内封锁非必需品商店、酒吧和餐馆，直至1月14日。截至本周末，约有89个国家报告了奥密克戎变种，病例每1.5至3天翻一番。</blockquote></p><p> Renewed fears over the economic impact of the Omicron variant compounded with last week's concerns for investors around the prospects of tighter monetary policy, with the Federal Reserve accelerating its rate of asset-purchase tapering and signaling three interest rate hikes could be coming next year. Last week, each of the three major indexes posted steep weekly losses. The Nasdaq Composite fell 3% and the S&amp;P 500 and Dow each dropped by nearly 2% for the week.</p><p><blockquote>对奥密克戎变体经济影响的担忧再次加剧，加上上周投资者对收紧货币政策前景的担忧，美联储加快了缩减资产购买的步伐，并暗示明年可能会加息三次。上周，三大指数均出现周线大幅下跌。纳斯达克综合指数下跌3%，标普500指数和道琼斯指数本周均下跌近2%。</blockquote></p><p> Still, other updates around the effect of current COVID-19 vaccines on the variant were more upbeat. Moderna (MRNA)said Monday that a booster,or a third dose, of its shot increased Omicron neutralizing antibody levels. This echoed results from&nbsp;Pfizer (PFE) and BioNTech (BNTX) from earlier this month&nbsp;about the effectiveness of their vaccine's third dose on neutralizing Omicron. Shares of Moderna gained more than 7% ahead of the opening bell.</p><p><blockquote>尽管如此，关于当前新冠肺炎疫苗对该变种的影响的其他更新更加乐观。Moderna(MRNA)周一表示，其加强针或第三剂疫苗增加了奥密克戎中和抗体水平。这与辉瑞(PFE)和BioNTech(BNTX)本月早些时候关于其疫苗第三剂中和奥密克戎病毒有效性的结果相呼应。Moderna股价开盘前上涨超过7%。</blockquote></p><p> Investors also digested the unexpected news that Senator Joe Manchin (D., W. Va.) would not support President Joe Biden's $1.75 billion Build Back Better social policy bill. Manchin, speaking onFox News Sunday, said he had discussed with Democratic House and Senate leaders and Biden, but was unable to come to an agreement on the bill given concerns about inflation, the national debt and ongoing pandemic.</p><p><blockquote>投资者还消化了参议员乔·曼钦（西弗吉尼亚州民主党人）不会支持乔·拜登总统17.5亿美元的重建更好社会政策法案的意外消息。曼钦周日在福克斯新闻上表示，他已与民主党众议院和参议院领导人以及拜登进行了讨论，但鉴于对通货膨胀、国债和持续大流行的担忧，未能就该法案达成协议。</blockquote></p><p> White House Press Secretary Jen Psakireleased a statement&nbsp;calling Manchin's comments \"a sudden and inexplicable reversal in his position,\" and said the administration would work to move forward with the legislation next year.</p><p><blockquote>白宫新闻秘书珍·普萨基（Jen Psaki）发表声明，称曼钦的言论“是他立场的突然且令人费解的逆转”，并表示政府将努力在明年推进立法。</blockquote></p><p> Still, Goldman Sachs this weekend&nbsp;slashed its quarter GDP forecasts for 2022following Manchin's withdrawal of support for the bill. The economists, led by Jan Hatzius, said they expected the \"fiscal impulse will be somewhat more negative\" than previously expected next year, in absence of the spending on social and climate-related policies included in the bill. The firm lowered its U.S. GDP forecast to 2% from 3% for the first quarter of 2022, to 3% from 3.5% for the second quarter, and to 2.75% from 3% for the third quarter.</p><p><blockquote>尽管如此，在曼钦撤回对该法案的支持后，高盛本周末大幅下调了2022年季度GDP预测。以Jan Hatzius为首的经济学家表示，他们预计明年的“财政刺激将比之前预期的更加负面”，因为该法案中没有包括社会和气候相关政策的支出。该公司将2022年第一季度美国GDP预期从3%下调至2%，第二季度从3.5%下调至3%，第三季度从3%下调至2.75%。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1139958745","content_text":"Stocks fell on Monday at the start of a holiday-shortened week of trading, with investors considering renewed virus-related restrictions overseas and prospects that a significant social policy bill may be scuttled.\nThe S&P 500, Dow Nasdaq each dropped more than 1%. Treasury yields fell as investors piled into safe haven assets, and the benchmark 10-year yield held below 1.4%. The CBOE Volatility Index,or VIX,spiked more than 20% to hover above 25.\nU.S. crude oil prices sank 3% to trade below $69 per barrel as restrictions mounted in Europe, stoking jitters around energy demand. Countries from Germany to Irelandimposed curfews or travel restrictions in recent days given the rapidly spreading new variant. And the Netherlands over the weekend announced a nationwide lockdown of non-essential stores, bars and restaurants until Jan. 14. As of this weekend, the Omicron variant had been reported in about 89 countries,with cases doubling every 1.5 to 3 days.\nRenewed fears over the economic impact of the Omicron variant compounded with last week's concerns for investors around the prospects of tighter monetary policy, with the Federal Reserve accelerating its rate of asset-purchase tapering and signaling three interest rate hikes could be coming next year. Last week, each of the three major indexes posted steep weekly losses. The Nasdaq Composite fell 3% and the S&P 500 and Dow each dropped by nearly 2% for the week.\nStill, other updates around the effect of current COVID-19 vaccines on the variant were more upbeat. Moderna (MRNA)said Monday that a booster,or a third dose, of its shot increased Omicron neutralizing antibody levels. This echoed results from Pfizer (PFE) and BioNTech (BNTX) from earlier this month about the effectiveness of their vaccine's third dose on neutralizing Omicron. Shares of Moderna gained more than 7% ahead of the opening bell.\nInvestors also digested the unexpected news that Senator Joe Manchin (D., W. Va.) would not support President Joe Biden's $1.75 billion Build Back Better social policy bill. Manchin, speaking onFox News Sunday, said he had discussed with Democratic House and Senate leaders and Biden, but was unable to come to an agreement on the bill given concerns about inflation, the national debt and ongoing pandemic.\nWhite House Press Secretary Jen Psakireleased a statement calling Manchin's comments \"a sudden and inexplicable reversal in his position,\" and said the administration would work to move forward with the legislation next year.\nStill, Goldman Sachs this weekend slashed its quarter GDP forecasts for 2022following Manchin's withdrawal of support for the bill. The economists, led by Jan Hatzius, said they expected the \"fiscal impulse will be somewhat more negative\" than previously expected next year, in absence of the spending on social and climate-related policies included in the bill. The firm lowered its U.S. GDP forecast to 2% from 3% for the first quarter of 2022, to 3% from 3.5% for the second quarter, and to 2.75% from 3% for the third quarter.","news_type":1,"symbols_score_info":{".DJI":0.9,".SPX":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":778,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":693289361,"gmtCreate":1640040223778,"gmtModify":1640040225176,"author":{"id":"3568070265339857","authorId":"3568070265339857","name":"LohYK","avatar":"https://static.tigerbbs.com/d6add0343094f5e965e831fa432314ef","crmLevel":13,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568070265339857","idStr":"3568070265339857"},"themes":[],"htmlText":"Tht so much better than many growth stock","listText":"Tht so much better than many growth stock","text":"Tht so much better than many growth stock","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/693289361","repostId":"1115322314","repostType":4,"repost":{"id":"1115322314","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":1640011665,"share":"https://www.laohu8.com/m/news/1115322314?lang=zh_CN&edition=full","pubTime":"2021-12-20 22:47","market":"us","language":"en","title":"Mega-cap growth stocks extended their fall from the previous session<blockquote>大型成长股延续前一交易日跌势</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1115322314","media":"Tiger Newspress","summary":"Mega-cap growth stocks extended their fall from the previous session, with Apple, Meta Platforms and","content":"<p>Mega-cap growth stocks extended their fall from the previous session, with&nbsp;Apple, Meta Platforms&nbsp;and Microsoft Corp&nbsp;down between 1% and 3%.</p><p><blockquote>大型成长股较前一交易日延续跌势，苹果、Meta Platforms和微软下跌1%至3%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/bcbe2eb85bd02485d4f915039e5a7c33\" tg-width=\"709\" tg-height=\"607\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Mega-cap growth stocks extended their fall from the previous session<blockquote>大型成长股延续前一交易日跌势</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; 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#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\">\nMega-cap growth stocks extended their fall from the previous session<blockquote>大型成长股延续前一交易日跌势</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-12-20 22:47</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Mega-cap growth stocks extended their fall from the previous session, with&nbsp;Apple, Meta Platforms&nbsp;and Microsoft Corp&nbsp;down between 1% and 3%.</p><p><blockquote>大型成长股较前一交易日延续跌势，苹果、Meta Platforms和微软下跌1%至3%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/bcbe2eb85bd02485d4f915039e5a7c33\" tg-width=\"709\" tg-height=\"607\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSFT":"微软","FB":"ProShares S&P 500 Dynamic Buffer ETF","AAPL":"苹果","AMZN":"亚马逊"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1115322314","content_text":"Mega-cap growth stocks extended their fall from the previous session, with Apple, Meta Platforms and Microsoft Corp down between 1% and 3%.","news_type":1,"symbols_score_info":{"AAPL":0.9,"MSFT":0.9,"AMZN":0.9,"FB":0.9}},"isVote":1,"tweetType":1,"viewCount":1119,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":693217516,"gmtCreate":1640039995161,"gmtModify":1640039996528,"author":{"id":"3568070265339857","authorId":"3568070265339857","name":"LohYK","avatar":"https://static.tigerbbs.com/d6add0343094f5e965e831fa432314ef","crmLevel":13,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568070265339857","idStr":"3568070265339857"},"themes":[],"htmlText":"Never rush into things","listText":"Never rush into things","text":"Never rush into things","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/693217516","repostId":"2192118051","repostType":4,"isVote":1,"tweetType":1,"viewCount":1238,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":693832285,"gmtCreate":1639997836222,"gmtModify":1639997842083,"author":{"id":"3568070265339857","authorId":"3568070265339857","name":"LohYK","avatar":"https://static.tigerbbs.com/d6add0343094f5e965e831fa432314ef","crmLevel":13,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568070265339857","idStr":"3568070265339857"},"themes":[],"htmlText":"Take profit n go","listText":"Take profit n go","text":"Take profit n go","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/693832285","repostId":"1117827522","repostType":4,"repost":{"id":"1117827522","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":1639992697,"share":"https://www.laohu8.com/m/news/1117827522?lang=zh_CN&edition=full","pubTime":"2021-12-20 17:31","market":"us","language":"en","title":"Verso shares jumped 30.67% in premarket trading<blockquote>Verso股价在盘前交易中上涨30.67%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1117827522","media":"Tiger Newspress","summary":"Verso shares jumped 30.67% in premarket trading.Verso inks merger agreement under which BillerudKors","content":"<p>Verso&nbsp;shares&nbsp;jumped&nbsp;30.67%&nbsp;in&nbsp;premarket&nbsp;trading.<img src=\"https://static.tigerbbs.com/77f894b0ff58e5cdc819358dec775a50\" tg-width=\"714\" tg-height=\"600\" width=\"100%\" height=\"auto\">Verso&nbsp;inks&nbsp;merger agreement&nbsp;under which BillerudKorsnäs AB will acquire all of the outstanding shares of Verso for $27 per share in cash, or ~$825M.</p><p><blockquote>Verso股价在盘前交易中上涨30.67%。Verso签署合并协议，根据该协议，BillerudKorsnäs AB将以每股27美元现金（约合8.25亿美元）收购Verso的所有已发行股票。</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>Verso shares jumped 30.67% in premarket trading<blockquote>Verso股价在盘前交易中上涨30.67%</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\">\nVerso shares jumped 30.67% in premarket trading<blockquote>Verso股价在盘前交易中上涨30.67%</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-12-20 17:31</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Verso&nbsp;shares&nbsp;jumped&nbsp;30.67%&nbsp;in&nbsp;premarket&nbsp;trading.<img src=\"https://static.tigerbbs.com/77f894b0ff58e5cdc819358dec775a50\" tg-width=\"714\" tg-height=\"600\" width=\"100%\" height=\"auto\">Verso&nbsp;inks&nbsp;merger agreement&nbsp;under which BillerudKorsnäs AB will acquire all of the outstanding shares of Verso for $27 per share in cash, or ~$825M.</p><p><blockquote>Verso股价在盘前交易中上涨30.67%。Verso签署合并协议，根据该协议，BillerudKorsnäs AB将以每股27美元现金（约合8.25亿美元）收购Verso的所有已发行股票。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"VRS":"Verso Paper Corp"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1117827522","content_text":"Verso shares jumped 30.67% in premarket trading.Verso inks merger agreement under which BillerudKorsnäs AB will acquire all of the outstanding shares of Verso for $27 per share in cash, or ~$825M.","news_type":1,"symbols_score_info":{"VRS":0.9}},"isVote":1,"tweetType":1,"viewCount":1328,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":699492996,"gmtCreate":1639873254526,"gmtModify":1639873255899,"author":{"id":"3568070265339857","authorId":"3568070265339857","name":"LohYK","avatar":"https://static.tigerbbs.com/d6add0343094f5e965e831fa432314ef","crmLevel":13,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568070265339857","idStr":"3568070265339857"},"themes":[],"htmlText":"Can't. Cos we are still holding on it","listText":"Can't. Cos we are still holding on it","text":"Can't. Cos we are still holding on it","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/699492996","repostId":"1161245886","repostType":4,"repost":{"id":"1161245886","kind":"news","pubTimestamp":1639806035,"share":"https://www.laohu8.com/m/news/1161245886?lang=zh_CN&edition=full","pubTime":"2021-12-18 13:40","market":"us","language":"en","title":"Wedbush's Dan Ives: Don't throw in the towel on tech<blockquote>韦德布什的丹·艾夫斯：不要在科技上认输</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1161245886","media":"Seeking Alpha","summary":"Wedbush Securities managing director Dan Ives advised investors to stick with technology stocks despite the potential valuation crunch that could happen as the Federal Reserve raises interest rates.\"This is not the time to throw in the white towel on tech,\" he told CNBC on Friday.Calling the current era \"a fourth industrial revolution,\" Ives backed such stocks as $CyberArk Software $, $Palo Alto Networks $, $Zscaler $, $NVIDIA $ and $Apple $.\"This is an opportunity, not the start of a downtrend ","content":"<p>Wedbush Securities managing director Dan Ives advised investors to stick with technology stocks despite the potential valuation crunch that could happen as the Federal Reserve raises interest rates.</p><p><blockquote>Wedbush Securities董事总经理Dan Ives建议投资者坚持持有科技股，尽管美联储加息可能会导致估值紧缩。</blockquote></p><p> \"This is not the time to throw in the white towel on tech,\" he told CNBC on Friday.</p><p><blockquote>“现在不是向科技认输的时候，”他周五对CNBC表示。</blockquote></p><p> Calling the current era \"a fourth industrial revolution,\" Ives backed such stocks as <a href=\"https://laohu8.com/S/CYBR\">CyberArk Software </a>, <a href=\"https://laohu8.com/S/PANW\">Palo Alto Networks </a>, <a href=\"https://laohu8.com/S/ZS\">Zscaler </a>, <a href=\"https://laohu8.com/S/NVDA\">NVIDIA </a> and <a href=\"https://laohu8.com/S/AAPL\">Apple </a>.</p><p><blockquote>艾夫斯将当前时代称为“第四次工业革命”，他支持以下股票：<a href=\"https://laohu8.com/S/CYBR\">赛博方舟软件</a>,<a href=\"https://laohu8.com/S/PANW\">帕洛阿尔托网络</a>,<a href=\"https://laohu8.com/S/ZS\">Zscaler</a>,<a href=\"https://laohu8.com/S/NVDA\">英伟达</a>和<a href=\"https://laohu8.com/S/AAPL\">苹果</a>.</blockquote></p><p> \"This is an opportunity, not the start of a downtrend for tech,\" he said.</p><p><blockquote>“这是一个机会，而不是科技股下跌趋势的开始，”他说。</blockquote></p><p> Ives argued that a large number of tech names will see significant growth in coming years thanks to heavy spending on technologies like cybersecurity, 5G and further moves into the cloud.</p><p><blockquote>艾夫斯认为，由于在网络安全、5G等技术上的大量支出以及进一步向云的转移，大量科技公司将在未来几年实现显着增长。</blockquote></p><p> He estimated that this \"digital transformation\" would fuel another $2T in spending over the next six to seven years.</p><p><blockquote>他估计，这种“数字化转型”将在未来六到七年内推动另外2T美元的支出。</blockquote></p><p> That said, Ives warned investors that they had to be selective with their portfolios, as some stocks will lose momentum once the massive pandemic-related stimulus comes to an end.</p><p><blockquote>尽管如此，艾夫斯警告投资者，他们必须有选择性地选择投资组合，因为一旦与大流行相关的大规模刺激措施结束，一些股票将失去动力。</blockquote></p><p> \"You have to separate the winners from the losers and the long-term winners versus the ones that benefited from the pandemic,\" he said.</p><p><blockquote>他说：“你必须区分赢家和输家，区分长期赢家和从大流行中受益的人。”</blockquote></p><p> Rather, Ives suggested investors \"double down on their winners.\"</p><p><blockquote>相反，艾夫斯建议投资者“加倍押注赢家”。</blockquote></p><p> Looking at some of the stocks mentioned by Ives, NVDA has done by far the best in 2021, more than doubling over the course of the year. ZS and PANW have both risen nearly 50%. AAPL lags behind its smaller rivals, although it has rallied about 30% for 2021.</p><p><blockquote>从艾夫斯提到的一些股票来看，NVDA在2021年的表现是迄今为止最好的，一年中上涨了一倍多。ZS和PANW均上涨近50%。尽管AAPL在2021年上涨了约30%，但仍落后于规模较小的竞争对手。</blockquote></p><p> The main laggard in the group is CYBR, which is basically flat on the year:</p><p><blockquote>集团内主要落后者为CYBR，同比基本持平：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/25aa45389fe8b89d41006f304e02894e\" tg-width=\"1201\" tg-height=\"405\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wedbush's Dan Ives: Don't throw in the towel on tech<blockquote>韦德布什的丹·艾夫斯：不要在科技上认输</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\">\nWedbush's Dan Ives: Don't throw in the towel on tech<blockquote>韦德布什的丹·艾夫斯：不要在科技上认输</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Seeking Alpha</strong><span class=\"h-time small\">2021-12-18 13:40</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Wedbush Securities managing director Dan Ives advised investors to stick with technology stocks despite the potential valuation crunch that could happen as the Federal Reserve raises interest rates.</p><p><blockquote>Wedbush Securities董事总经理Dan Ives建议投资者坚持持有科技股，尽管美联储加息可能会导致估值紧缩。</blockquote></p><p> \"This is not the time to throw in the white towel on tech,\" he told CNBC on Friday.</p><p><blockquote>“现在不是向科技认输的时候，”他周五对CNBC表示。</blockquote></p><p> Calling the current era \"a fourth industrial revolution,\" Ives backed such stocks as <a href=\"https://laohu8.com/S/CYBR\">CyberArk Software </a>, <a href=\"https://laohu8.com/S/PANW\">Palo Alto Networks </a>, <a href=\"https://laohu8.com/S/ZS\">Zscaler </a>, <a href=\"https://laohu8.com/S/NVDA\">NVIDIA </a> and <a href=\"https://laohu8.com/S/AAPL\">Apple </a>.</p><p><blockquote>艾夫斯将当前时代称为“第四次工业革命”，他支持以下股票：<a href=\"https://laohu8.com/S/CYBR\">赛博方舟软件</a>,<a href=\"https://laohu8.com/S/PANW\">帕洛阿尔托网络</a>,<a href=\"https://laohu8.com/S/ZS\">Zscaler</a>,<a href=\"https://laohu8.com/S/NVDA\">英伟达</a>和<a href=\"https://laohu8.com/S/AAPL\">苹果</a>.</blockquote></p><p> \"This is an opportunity, not the start of a downtrend for tech,\" he said.</p><p><blockquote>“这是一个机会，而不是科技股下跌趋势的开始，”他说。</blockquote></p><p> Ives argued that a large number of tech names will see significant growth in coming years thanks to heavy spending on technologies like cybersecurity, 5G and further moves into the cloud.</p><p><blockquote>艾夫斯认为，由于在网络安全、5G等技术上的大量支出以及进一步向云的转移，大量科技公司将在未来几年实现显着增长。</blockquote></p><p> He estimated that this \"digital transformation\" would fuel another $2T in spending over the next six to seven years.</p><p><blockquote>他估计，这种“数字化转型”将在未来六到七年内推动另外2T美元的支出。</blockquote></p><p> That said, Ives warned investors that they had to be selective with their portfolios, as some stocks will lose momentum once the massive pandemic-related stimulus comes to an end.</p><p><blockquote>尽管如此，艾夫斯警告投资者，他们必须有选择性地选择投资组合，因为一旦与大流行相关的大规模刺激措施结束，一些股票将失去动力。</blockquote></p><p> \"You have to separate the winners from the losers and the long-term winners versus the ones that benefited from the pandemic,\" he said.</p><p><blockquote>他说：“你必须区分赢家和输家，区分长期赢家和从大流行中受益的人。”</blockquote></p><p> Rather, Ives suggested investors \"double down on their winners.\"</p><p><blockquote>相反，艾夫斯建议投资者“加倍押注赢家”。</blockquote></p><p> Looking at some of the stocks mentioned by Ives, NVDA has done by far the best in 2021, more than doubling over the course of the year. ZS and PANW have both risen nearly 50%. AAPL lags behind its smaller rivals, although it has rallied about 30% for 2021.</p><p><blockquote>从艾夫斯提到的一些股票来看，NVDA在2021年的表现是迄今为止最好的，一年中上涨了一倍多。ZS和PANW均上涨近50%。尽管AAPL在2021年上涨了约30%，但仍落后于规模较小的竞争对手。</blockquote></p><p> The main laggard in the group is CYBR, which is basically flat on the year:</p><p><blockquote>集团内主要落后者为CYBR，同比基本持平：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/25aa45389fe8b89d41006f304e02894e\" tg-width=\"1201\" tg-height=\"405\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/news/3781354-dont-throw-in-the-towel-on-tech-wedbushs-dan-ives\">Seeking Alpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NVDA":"英伟达","PANW":"Palo Alto Networks","CYBR":"Cyber-Ark Software","ZS":"Zscaler Inc."},"source_url":"https://seekingalpha.com/news/3781354-dont-throw-in-the-towel-on-tech-wedbushs-dan-ives","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1161245886","content_text":"Wedbush Securities managing director Dan Ives advised investors to stick with technology stocks despite the potential valuation crunch that could happen as the Federal Reserve raises interest rates.\n\"This is not the time to throw in the white towel on tech,\" he told CNBC on Friday.\nCalling the current era \"a fourth industrial revolution,\" Ives backed such stocks as CyberArk Software , Palo Alto Networks , Zscaler , NVIDIA  and Apple .\n\"This is an opportunity, not the start of a downtrend for tech,\" he said.\nIves argued that a large number of tech names will see significant growth in coming years thanks to heavy spending on technologies like cybersecurity, 5G and further moves into the cloud.\nHe estimated that this \"digital transformation\" would fuel another $2T in spending over the next six to seven years.\nThat said, Ives warned investors that they had to be selective with their portfolios, as some stocks will lose momentum once the massive pandemic-related stimulus comes to an end.\n\"You have to separate the winners from the losers and the long-term winners versus the ones that benefited from the pandemic,\" he said.\nRather, Ives suggested investors \"double down on their winners.\"\nLooking at some of the stocks mentioned by Ives, NVDA has done by far the best in 2021, more than doubling over the course of the year. ZS and PANW have both risen nearly 50%. AAPL lags behind its smaller rivals, although it has rallied about 30% for 2021.\nThe main laggard in the group is CYBR, which is basically flat on the year:","news_type":1,"symbols_score_info":{"ZS":0.9,"PANW":0.9,"CYBR":0.9,"NVDA":0.9}},"isVote":1,"tweetType":1,"viewCount":882,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":690091020,"gmtCreate":1639611717369,"gmtModify":1639611718806,"author":{"id":"3568070265339857","authorId":"3568070265339857","name":"LohYK","avatar":"https://static.tigerbbs.com/d6add0343094f5e965e831fa432314ef","crmLevel":13,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568070265339857","idStr":"3568070265339857"},"themes":[],"htmlText":"Jialat... Uncertainty is definitely not Mr Market friends. Will reduce holding n only enter at dip","listText":"Jialat... Uncertainty is definitely not Mr Market friends. Will reduce holding n only enter at dip","text":"Jialat... Uncertainty is definitely not Mr Market friends. Will reduce holding n only enter at dip","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/690091020","repostId":"1111705843","repostType":2,"repost":{"id":"1111705843","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":1639594904,"share":"https://www.laohu8.com/m/news/1111705843?lang=zh_CN&edition=full","pubTime":"2021-12-16 03:01","market":"us","language":"en","title":"Fed will aggressively dial back its monthly bond buying, sees three rate hikes next year<blockquote>美联储将大幅缩减月度债券购买规模，预计明年将加息三次</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1111705843","media":"Tiger Newspress","summary":"The Federal Reserve provided multiple indications Wednesday that its run of ultra-easy policy since ","content":"<p>The Federal Reserve provided multiple indications Wednesday that its run of ultra-easy policy since the beginning of the Covid pandemic is coming to a close, making moves that were even more aggressive than markets had anticipated.</p><p><blockquote>美联储周三提供了多种迹象，表明自新冠疫情开始以来的超宽松政策即将结束，其举措甚至比市场预期的更加激进。</blockquote></p><p> For one, the Fed said it will accelerate the reduction of its monthly bond purchases.</p><p><blockquote>其一，美联储表示将加速缩减每月债券购买规模。</blockquote></p><p> The Fed will be buying $60 billion of bonds each month starting January, half the level prior to the November taper and $30 billion less than it had been buying in December. The Fed was tapering by $15 billion a month in November, doubled that in December, then will accelerate the reduction further come 2022.</p><p><blockquote>美联储将从1月份开始每月购买600亿美元的债券，是11月份缩减前水平的一半，比12月份购买的债券减少300亿美元。美联储在11月份每月缩减150亿美元，是12月份的两倍，然后将在2022年进一步加速缩减。</blockquote></p><p> After that wraps up, probably around March, the central bank expects to start raising interest rates, which were held steady at this week’s meeting.</p><p><blockquote>之后，可能在三月份左右，央行预计将开始加息，在本周的会议上利率保持稳定。</blockquote></p><p> Projections released Wednesday indicate that Fed officials see as many as three rate hikes coming in 2022, with two in the following year and two more in 2024.</p><p><blockquote>周三发布的预测显示，美联储官员预计2022年将加息多达三次，次年加息两次，2024年加息两次。</blockquote></p><p> The Federal Open Market Committee’s moves, approved unanimously, represent a substantial adjustment to policy that has been the loosest in its 108-year history. The post-meeting statement noted the impact from inflation.</p><p><blockquote>联邦公开市场委员会一致通过的举措代表了对其108年历史上最宽松的政策的重大调整。会后声明指出了通货膨胀的影响。</blockquote></p><p> “Supply and demand imbalances related to the pandemic and the reopening of the economy have continued to contribute to elevated levels of inflation,” the statement said.</p><p><blockquote>声明称：“与疫情和经济重新开放相关的供需失衡继续导致通胀水平上升。”</blockquote></p><p> The statement also noted that “job gains have been solid in recent months, and the unemployment&nbsp;rate has declined substantially.”</p><p><blockquote>声明还指出，“近几个月就业增长稳健，失业率大幅下降。”</blockquote></p><p> Both policy moves came in response to escalating inflation, which is running at its highest level in 39 years for consumer prices. Wholesale prices in November jumped 9.6%, the fastest on record in a sign that inflation pressures are becoming more ingrained and broad-based.</p><p><blockquote>这两项政策举措都是为了应对不断升级的通胀，目前消费者价格处于39年来的最高水平。11月份批发价格上涨9.6%，为有记录以来最快，表明通胀压力正变得更加根深蒂固和广泛。</blockquote></p><p> Fed officials long have stressed that inflation is “transitory,” which Chairman Jerome Powell has defined as unlikely to leave a lasting imprint on the economy. He and other central bank leaders, as well as Treasury Secretary Janet Yellen, have stressed that prices are booming due to pandemic-related factors such as extraordinary demand that has outstripped supply but ultimately will fade.</p><p><blockquote>美联储官员长期以来一直强调通胀是“暂时的”，主席杰罗姆·鲍威尔将其定义为不太可能给经济留下持久的影响。他和其他央行领导人以及财政部长珍妮特·耶伦强调，由于与大流行相关的因素，例如需求超过供应但最终会消退，价格正在飙升。</blockquote></p><p> However, the term had become a pejorative and the post-meeting statement eliminated it. Powell telegraphed the move during congressional testimony last month, saying “it’s probably a good time to retire that word and try to explain more clearly what we meant.”</p><p><blockquote>然而，这个词已成为贬义词，会后声明将其删除。鲍威尔上个月在国会作证期间传达了这一举措，称“现在可能是放弃这个词并尝试更清楚地解释我们的意思的好时机。”</blockquote></p><p> For the Powell Fed, tightening policy now marks a dramatic pivot off a policy enacted just over a year ago. Known as “flexible average inflation targeting,” which meant it would be content with inflation a little above or below its long-held 2% target.</p><p><blockquote>对于鲍威尔美联储来说，现在的紧缩政策标志着一年多前颁布的政策的戏剧性转变。被称为“灵活的平均通胀目标”，这意味着它将满足于通胀略高于或低于其长期持有的2%目标。</blockquote></p><p> The policy’s practical application was that the Fed was willing to let inflation run a little hot in the interest of completely healing the labor market from the hit it took during the pandemic. The Fed’s new policy sought employment that was both full and inclusive across racial, gender and economic lines. Officials agreed not to raise interest rates in anticipation of rising inflation, as the central bank had done in the past.</p><p><blockquote>该政策的实际应用是，美联储愿意让通胀稍微升温，以彻底治愈劳动力市场在大流行期间遭受的打击。美联储的新政策寻求跨越种族、性别和经济界限的充分和包容性就业。官员们同意不会像央行过去那样，因预期通胀上升而加息。</blockquote></p><p> However, as the “transitory” narrative came into question and inflation began to look stronger and more durable, the Fed has had to rethink its intentions and change gears.</p><p><blockquote>然而，随着“暂时性”叙事受到质疑，通胀开始看起来更强劲、更持久，美联储不得不重新思考其意图并改变策略。</blockquote></p><p> The asset purchase taper began in November, with a reduction of $10 billion in Treasury purchases and $5 billion in mortgage-backed securities. That still left the month buys at $70 billion and $35 billion respectively.</p><p><blockquote>资产购买taper始于11月，国债购买量减少100亿美元，抵押贷款支持证券购买量减少50亿美元。尽管如此，本月的购买额仍分别为700亿美元和350亿美元。</blockquote></p><p> However, the Fed’s $8.7 trillion balance sheet increased by just $2 billion over the past four weeks, with Treasury holdings up $52 billion and MBS actually reduced by $23 billion. Over the past 12 months, Treasury holdings have expanded by $978 billion while MBS have risen by $567 billion.</p><p><blockquote>然而，美联储8.7万亿美元的资产负债表在过去四周仅增加了20亿美元，国债持有量增加了520亿美元，MBS实际减少了230亿美元。过去12个月，美国国债持有量增加了9780亿美元，而MBS持有量增加了5670亿美元。</blockquote></p><p> Under the new terms of a program also known as quantitative easing, the Fed would accelerate the decline of its holdings until it is no longer adding to its portfolio. That would bring QE to an end in the spring and allow the Fed to raise rates anytime after. The Fed has said it likely would not raise rates and continue buying bonds simultaneously, as the two moves would work at cross purposes.</p><p><blockquote>根据量化宽松计划的新条款，美联储将加速减持，直到不再增加其投资组合。这将使量化宽松在春季结束，并允许美联储在此后随时加息。美联储表示，可能不会同时加息和继续购买债券，因为这两项举措会产生交叉目的。</blockquote></p><p> From there, the Fed at anytime could start reducing its balance sheet either by selling securities outright, or, in the more likely scenario, begin allowing the proceeds of its current bond holdings to run off each month at a controlled pace.</p><p><blockquote>从那时起，美联储可以随时开始缩减资产负债表，要么直接出售证券，要么在更有可能的情况下，开始允许其当前债券持有的收益每月以受控的速度流失。</blockquote></p><p> Powell likely will face questioning at his 2:30 p.m. ET news conference about the future of the balance sheet, which has expanded by nearly $3.9 trillion since the early pandemic days.</p><p><blockquote>鲍威尔可能会在下午2:30面临质询。美国东部时间关于资产负债表未来的新闻发布会，自大流行初期以来，资产负债表已扩大了近3.9万亿美元。</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>Fed will aggressively dial back its monthly bond buying, sees three rate hikes next year<blockquote>美联储将大幅缩减月度债券购买规模，预计明年将加息三次</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\">\nFed will aggressively dial back its monthly bond buying, sees three rate hikes next year<blockquote>美联储将大幅缩减月度债券购买规模，预计明年将加息三次</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-12-16 03:01</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>The Federal Reserve provided multiple indications Wednesday that its run of ultra-easy policy since the beginning of the Covid pandemic is coming to a close, making moves that were even more aggressive than markets had anticipated.</p><p><blockquote>美联储周三提供了多种迹象，表明自新冠疫情开始以来的超宽松政策即将结束，其举措甚至比市场预期的更加激进。</blockquote></p><p> For one, the Fed said it will accelerate the reduction of its monthly bond purchases.</p><p><blockquote>其一，美联储表示将加速缩减每月债券购买规模。</blockquote></p><p> The Fed will be buying $60 billion of bonds each month starting January, half the level prior to the November taper and $30 billion less than it had been buying in December. The Fed was tapering by $15 billion a month in November, doubled that in December, then will accelerate the reduction further come 2022.</p><p><blockquote>美联储将从1月份开始每月购买600亿美元的债券，是11月份缩减前水平的一半，比12月份购买的债券减少300亿美元。美联储在11月份每月缩减150亿美元，是12月份的两倍，然后将在2022年进一步加速缩减。</blockquote></p><p> After that wraps up, probably around March, the central bank expects to start raising interest rates, which were held steady at this week’s meeting.</p><p><blockquote>之后，可能在三月份左右，央行预计将开始加息，在本周的会议上利率保持稳定。</blockquote></p><p> Projections released Wednesday indicate that Fed officials see as many as three rate hikes coming in 2022, with two in the following year and two more in 2024.</p><p><blockquote>周三发布的预测显示，美联储官员预计2022年将加息多达三次，次年加息两次，2024年加息两次。</blockquote></p><p> The Federal Open Market Committee’s moves, approved unanimously, represent a substantial adjustment to policy that has been the loosest in its 108-year history. The post-meeting statement noted the impact from inflation.</p><p><blockquote>联邦公开市场委员会一致通过的举措代表了对其108年历史上最宽松的政策的重大调整。会后声明指出了通货膨胀的影响。</blockquote></p><p> “Supply and demand imbalances related to the pandemic and the reopening of the economy have continued to contribute to elevated levels of inflation,” the statement said.</p><p><blockquote>声明称：“与疫情和经济重新开放相关的供需失衡继续导致通胀水平上升。”</blockquote></p><p> The statement also noted that “job gains have been solid in recent months, and the unemployment&nbsp;rate has declined substantially.”</p><p><blockquote>声明还指出，“近几个月就业增长稳健，失业率大幅下降。”</blockquote></p><p> Both policy moves came in response to escalating inflation, which is running at its highest level in 39 years for consumer prices. Wholesale prices in November jumped 9.6%, the fastest on record in a sign that inflation pressures are becoming more ingrained and broad-based.</p><p><blockquote>这两项政策举措都是为了应对不断升级的通胀，目前消费者价格处于39年来的最高水平。11月份批发价格上涨9.6%，为有记录以来最快，表明通胀压力正变得更加根深蒂固和广泛。</blockquote></p><p> Fed officials long have stressed that inflation is “transitory,” which Chairman Jerome Powell has defined as unlikely to leave a lasting imprint on the economy. He and other central bank leaders, as well as Treasury Secretary Janet Yellen, have stressed that prices are booming due to pandemic-related factors such as extraordinary demand that has outstripped supply but ultimately will fade.</p><p><blockquote>美联储官员长期以来一直强调通胀是“暂时的”，主席杰罗姆·鲍威尔将其定义为不太可能给经济留下持久的影响。他和其他央行领导人以及财政部长珍妮特·耶伦强调，由于与大流行相关的因素，例如需求超过供应但最终会消退，价格正在飙升。</blockquote></p><p> However, the term had become a pejorative and the post-meeting statement eliminated it. Powell telegraphed the move during congressional testimony last month, saying “it’s probably a good time to retire that word and try to explain more clearly what we meant.”</p><p><blockquote>然而，这个词已成为贬义词，会后声明将其删除。鲍威尔上个月在国会作证期间传达了这一举措，称“现在可能是放弃这个词并尝试更清楚地解释我们的意思的好时机。”</blockquote></p><p> For the Powell Fed, tightening policy now marks a dramatic pivot off a policy enacted just over a year ago. Known as “flexible average inflation targeting,” which meant it would be content with inflation a little above or below its long-held 2% target.</p><p><blockquote>对于鲍威尔美联储来说，现在的紧缩政策标志着一年多前颁布的政策的戏剧性转变。被称为“灵活的平均通胀目标”，这意味着它将满足于通胀略高于或低于其长期持有的2%目标。</blockquote></p><p> The policy’s practical application was that the Fed was willing to let inflation run a little hot in the interest of completely healing the labor market from the hit it took during the pandemic. The Fed’s new policy sought employment that was both full and inclusive across racial, gender and economic lines. Officials agreed not to raise interest rates in anticipation of rising inflation, as the central bank had done in the past.</p><p><blockquote>该政策的实际应用是，美联储愿意让通胀稍微升温，以彻底治愈劳动力市场在大流行期间遭受的打击。美联储的新政策寻求跨越种族、性别和经济界限的充分和包容性就业。官员们同意不会像央行过去那样，因预期通胀上升而加息。</blockquote></p><p> However, as the “transitory” narrative came into question and inflation began to look stronger and more durable, the Fed has had to rethink its intentions and change gears.</p><p><blockquote>然而，随着“暂时性”叙事受到质疑，通胀开始看起来更强劲、更持久，美联储不得不重新思考其意图并改变策略。</blockquote></p><p> The asset purchase taper began in November, with a reduction of $10 billion in Treasury purchases and $5 billion in mortgage-backed securities. That still left the month buys at $70 billion and $35 billion respectively.</p><p><blockquote>资产购买taper始于11月，国债购买量减少100亿美元，抵押贷款支持证券购买量减少50亿美元。尽管如此，本月的购买额仍分别为700亿美元和350亿美元。</blockquote></p><p> However, the Fed’s $8.7 trillion balance sheet increased by just $2 billion over the past four weeks, with Treasury holdings up $52 billion and MBS actually reduced by $23 billion. Over the past 12 months, Treasury holdings have expanded by $978 billion while MBS have risen by $567 billion.</p><p><blockquote>然而，美联储8.7万亿美元的资产负债表在过去四周仅增加了20亿美元，国债持有量增加了520亿美元，MBS实际减少了230亿美元。过去12个月，美国国债持有量增加了9780亿美元，而MBS持有量增加了5670亿美元。</blockquote></p><p> Under the new terms of a program also known as quantitative easing, the Fed would accelerate the decline of its holdings until it is no longer adding to its portfolio. That would bring QE to an end in the spring and allow the Fed to raise rates anytime after. The Fed has said it likely would not raise rates and continue buying bonds simultaneously, as the two moves would work at cross purposes.</p><p><blockquote>根据量化宽松计划的新条款，美联储将加速减持，直到不再增加其投资组合。这将使量化宽松在春季结束，并允许美联储在此后随时加息。美联储表示，可能不会同时加息和继续购买债券，因为这两项举措会产生交叉目的。</blockquote></p><p> From there, the Fed at anytime could start reducing its balance sheet either by selling securities outright, or, in the more likely scenario, begin allowing the proceeds of its current bond holdings to run off each month at a controlled pace.</p><p><blockquote>从那时起，美联储可以随时开始缩减资产负债表，要么直接出售证券，要么在更有可能的情况下，开始允许其当前债券持有的收益每月以受控的速度流失。</blockquote></p><p> Powell likely will face questioning at his 2:30 p.m. ET news conference about the future of the balance sheet, which has expanded by nearly $3.9 trillion since the early pandemic days.</p><p><blockquote>鲍威尔可能会在下午2:30面临质询。美国东部时间关于资产负债表未来的新闻发布会，自大流行初期以来，资产负债表已扩大了近3.9万亿美元。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1111705843","content_text":"The Federal Reserve provided multiple indications Wednesday that its run of ultra-easy policy since the beginning of the Covid pandemic is coming to a close, making moves that were even more aggressive than markets had anticipated.\nFor one, the Fed said it will accelerate the reduction of its monthly bond purchases.\nThe Fed will be buying $60 billion of bonds each month starting January, half the level prior to the November taper and $30 billion less than it had been buying in December. The Fed was tapering by $15 billion a month in November, doubled that in December, then will accelerate the reduction further come 2022.\nAfter that wraps up, probably around March, the central bank expects to start raising interest rates, which were held steady at this week’s meeting.\nProjections released Wednesday indicate that Fed officials see as many as three rate hikes coming in 2022, with two in the following year and two more in 2024.\nThe Federal Open Market Committee’s moves, approved unanimously, represent a substantial adjustment to policy that has been the loosest in its 108-year history. The post-meeting statement noted the impact from inflation.\n“Supply and demand imbalances related to the pandemic and the reopening of the economy have continued to contribute to elevated levels of inflation,” the statement said.\nThe statement also noted that “job gains have been solid in recent months, and the unemployment rate has declined substantially.”\nBoth policy moves came in response to escalating inflation, which is running at its highest level in 39 years for consumer prices. Wholesale prices in November jumped 9.6%, the fastest on record in a sign that inflation pressures are becoming more ingrained and broad-based.\nFed officials long have stressed that inflation is “transitory,” which Chairman Jerome Powell has defined as unlikely to leave a lasting imprint on the economy. He and other central bank leaders, as well as Treasury Secretary Janet Yellen, have stressed that prices are booming due to pandemic-related factors such as extraordinary demand that has outstripped supply but ultimately will fade.\nHowever, the term had become a pejorative and the post-meeting statement eliminated it. Powell telegraphed the move during congressional testimony last month, saying “it’s probably a good time to retire that word and try to explain more clearly what we meant.”\nFor the Powell Fed, tightening policy now marks a dramatic pivot off a policy enacted just over a year ago. Known as “flexible average inflation targeting,” which meant it would be content with inflation a little above or below its long-held 2% target.\nThe policy’s practical application was that the Fed was willing to let inflation run a little hot in the interest of completely healing the labor market from the hit it took during the pandemic. The Fed’s new policy sought employment that was both full and inclusive across racial, gender and economic lines. Officials agreed not to raise interest rates in anticipation of rising inflation, as the central bank had done in the past.\nHowever, as the “transitory” narrative came into question and inflation began to look stronger and more durable, the Fed has had to rethink its intentions and change gears.\nThe asset purchase taper began in November, with a reduction of $10 billion in Treasury purchases and $5 billion in mortgage-backed securities. That still left the month buys at $70 billion and $35 billion respectively.\nHowever, the Fed’s $8.7 trillion balance sheet increased by just $2 billion over the past four weeks, with Treasury holdings up $52 billion and MBS actually reduced by $23 billion. Over the past 12 months, Treasury holdings have expanded by $978 billion while MBS have risen by $567 billion.\nUnder the new terms of a program also known as quantitative easing, the Fed would accelerate the decline of its holdings until it is no longer adding to its portfolio. That would bring QE to an end in the spring and allow the Fed to raise rates anytime after. The Fed has said it likely would not raise rates and continue buying bonds simultaneously, as the two moves would work at cross purposes.\nFrom there, the Fed at anytime could start reducing its balance sheet either by selling securities outright, or, in the more likely scenario, begin allowing the proceeds of its current bond holdings to run off each month at a controlled pace.\nPowell likely will face questioning at his 2:30 p.m. ET news conference about the future of the balance sheet, which has expanded by nearly $3.9 trillion since the early pandemic days.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":1135,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":690007849,"gmtCreate":1639611380047,"gmtModify":1639611381327,"author":{"id":"3568070265339857","authorId":"3568070265339857","name":"LohYK","avatar":"https://static.tigerbbs.com/d6add0343094f5e965e831fa432314ef","crmLevel":13,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568070265339857","idStr":"3568070265339857"},"themes":[],"htmlText":"Good news, enjoy the free money while stocks last","listText":"Good news, enjoy the free money while stocks last","text":"Good news, enjoy the free money while stocks last","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/690007849","repostId":"2191994940","repostType":4,"isVote":1,"tweetType":1,"viewCount":951,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"hots":[{"id":604574383,"gmtCreate":1639433958773,"gmtModify":1639433960060,"author":{"id":"3568070265339857","authorId":"3568070265339857","name":"LohYK","avatar":"https://static.tigerbbs.com/d6add0343094f5e965e831fa432314ef","crmLevel":13,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3568070265339857","authorIdStr":"3568070265339857"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/SE\">$Sea Ltd(SE)$</a> The slides continues... While it looks oversold and undervalue now, good to stock up. If holding the bag, then do nothing.","listText":"<a href=\"https://laohu8.com/S/SE\">$Sea Ltd(SE)$</a> The slides continues... While it looks oversold and undervalue now, good to stock up. If holding the bag, then do nothing.","text":"$Sea Ltd(SE)$ The slides continues... While it looks oversold and undervalue now, good to stock up. If holding the bag, then do nothing.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":13,"commentSize":6,"repostSize":0,"link":"https://laohu8.com/post/604574383","isVote":1,"tweetType":1,"viewCount":3036,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":823537102,"gmtCreate":1633648371987,"gmtModify":1633648373472,"author":{"id":"3568070265339857","authorId":"3568070265339857","name":"LohYK","avatar":"https://static.tigerbbs.com/d6add0343094f5e965e831fa432314ef","crmLevel":13,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3568070265339857","authorIdStr":"3568070265339857"},"themes":[],"htmlText":"And the bear goes and bull comes just like tht","listText":"And the bear goes and bull comes just like tht","text":"And the bear goes and bull comes just like tht","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":14,"commentSize":5,"repostSize":0,"link":"https://laohu8.com/post/823537102","repostId":"1163018074","repostType":4,"isVote":1,"tweetType":1,"viewCount":562,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":846347646,"gmtCreate":1636064041733,"gmtModify":1636064043398,"author":{"id":"3568070265339857","authorId":"3568070265339857","name":"LohYK","avatar":"https://static.tigerbbs.com/d6add0343094f5e965e831fa432314ef","crmLevel":13,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3568070265339857","authorIdStr":"3568070265339857"},"themes":[],"htmlText":"Yes. They can do it","listText":"Yes. They can do it","text":"Yes. They can do it","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":13,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/846347646","repostId":"1144131531","repostType":4,"repost":{"id":"1144131531","kind":"news","pubTimestamp":1636022596,"share":"https://www.laohu8.com/m/news/1144131531?lang=zh_CN&edition=full","pubTime":"2021-11-04 18:43","market":"us","language":"en","title":"5 Large-Cap Stocks Expected to Increase Sales 313% to 1,304% by 2023<blockquote>5只大盘股预计到2023年销售额将增长313%至1,304%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1144131531","media":"Motley Fool","summary":"These were some of the fastest-growing large-cap stocks on the planet over a three-year stretch.","content":"<p><b>Key Points</b></p><p><blockquote><b>要点</b></blockquote></p><p> <ul>  <li>Be careful: Sales growth alone doesn't always give you the full story about a company.</li> </ul> Since the Great Recession ended in 2009, no group of companies has performed better than&nbsp;growth stocks. Historically low lending rates and the Federal Reserve's insistence on using quantitative-easing measures to keep rates low has led to abundant access to cheap capital.</p><p><blockquote><ul><li>小心：仅靠销售增长并不总是能让您了解一家公司的全部情况。</li></ul>自2009年大衰退结束以来，没有哪一组公司的表现比成长型股票更好。历史上较低的贷款利率和美联储坚持使用量化宽松措施来保持低利率，导致廉价资本的充足渠道。</blockquote></p><p> And it's not just small-cap stocks that are leaving a fiery trail of growth in their wake. According to consensus sales estimates from Wall Street, the following five&nbsp;large-cap stocks(companies with market caps of at least $10 billion) are all on pace to grow their annual sales by 313% to as much as 1,304% by 2023.</p><p><blockquote>不仅仅是小盘股留下了火热的增长轨迹。根据华尔街的一致销售额估计，以下五只大盘股（市值至少为100亿美元的公司）的年销售额都有望在2023年增长313%，达到1,304%。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ddae655c5dfcf584e1db5b561b7b2051\" tg-width=\"2000\" tg-height=\"1529\" width=\"100%\" height=\"auto\"><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>Nio: 447% implied sales growth by 2023</b></p><p><blockquote><b>蔚来：到2023年隐含销售额增长447%</b></blockquote></p><p> Electric-vehicle(EV) manufacturers should be some of the fastest-growing companies of the decade, and&nbsp;<b>Nio</b>(NYSE:NIO)&nbsp;is no exception. After the company produced $2.58 billion in sales last year, Wall Street's forecast calls for Nio to drive home roughly $14.1 billion in annual sales by 2023.</p><p><blockquote>电动汽车(EV)制造商应该是十年来增长最快的公司之一，并且<b>蔚来</b>（纽约证券交易所代码：蔚来）也不例外。继该公司去年实现25.8亿美元的销售额后，华尔街预测蔚来的评级到2023年将实现约141亿美元的年销售额。</blockquote></p><p> It's no secret that virtually all of the largest economies in the world are taking steps to fight climate change. Pushing consumers and enterprises to shift to EVs is one of the easiest ways to reduce carbon emissions. Nio is headquartered in the largest auto market in the world, China, which should see half of its annual vehicle sales be EVs or hybrids (mostly the former) by 2035, according to the Society of Automotive Engineers of China.</p><p><blockquote>众所周知，世界上几乎所有最大的经济体都在采取措施应对气候变化。推动消费者和企业转向电动汽车是减少碳排放最简单的方法之一。蔚来总部位于全球最大的汽车市场中国，根据中国汽车工程学会的数据，到2035年，中国汽车年销量的一半将是电动汽车或混合动力汽车（主要是前者）。</blockquote></p><p> Nio's rapid sales growth&nbsp;is being driven by its innovation. The company is introducing a new EV each year -- and its high-margin, loyalty-driven subscription program. Last year, it introduced a battery-as-a-service subscription program that'll allow buyers to upgrade or replace their batteries. This service also reduces the upfront cost of Nio's EVs.</p><p><blockquote>蔚来的快速销售增长是由其创新推动的。该公司每年都会推出一款新的电动汽车及其高利润、忠诚度驱动的订阅计划。去年，它推出了电池即服务订阅计划，允许买家升级或更换电池。这项服务还降低了蔚来电动汽车的前期成本。</blockquote></p><p> In exchange for giving up near-term sales, Nio is receiving high-margin monthly subscription revenue. More importantly, it's keeping buyers loyal to the brand.</p><p><blockquote>作为放弃近期销售的交换，蔚来正在获得高利润的月度订阅收入。更重要的是，它让买家对品牌保持忠诚。</blockquote></p><p> Assuming the auto industry can overcome recent chip shortages, Nio shouldn't have any trouble expanding its capacity and more than quintupling its sales in three years.</p><p><blockquote>假设汽车行业能够克服最近的芯片短缺问题，蔚来扩大产能并在三年内将销量增加五倍以上应该没有任何问题。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6a0952a9abfc3d69f1c7af0861a2d97b\" tg-width=\"2000\" tg-height=\"1333\" width=\"100%\" height=\"auto\"><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>Snowflake: 401% implied sales growth by 2023</b></p><p><blockquote><b>Snowflake：到2023年隐含销售额增长401%</b></blockquote></p><p> Although double-digit sales growth is commonplace among cloud stocks, cloud data-warehousing company&nbsp;<b>Snowflake</b>(NYSE:SNOW)&nbsp;seems to be in a league of its own. In fiscal 2021, Snowflake brought in about $592 million in sales. By fiscal 2024, which ends in calendar year 2023, Wall Street is looking for Snowflake to generate almost $2.97 billion in revenue. That's a quintupling in sales, for those of you keeping score at home.</p><p><blockquote>尽管两位数的销售额增长在云股中司空见惯，但云数据仓储公司<b>雪花</b>（纽约证券交易所股票代码：SNOW）似乎独树一帜。2021财年，Snowflake的销售额约为5.92亿美元。到2023日历年结束的2024财年，华尔街预计Snowflake将产生近29.7亿美元的收入。对于那些在家记分的人来说，销售额增长了五倍。</blockquote></p><p> The Snowflake growth story&nbsp;is all about competitive advantages. For example, instead of opting for the popular subscription-based model, Snowflake charges its customers based on how much data they store and how many Snowflake Compute Credits used. This is a more transparent cost approach that its customers seem to like.</p><p><blockquote>雪花成长的故事是关于竞争优势的。例如，Snowflake没有选择流行的基于订阅的模式，而是根据客户存储的数据量和使用的Snowflake计算点数向客户收费。这是一种更透明的成本方法，其客户似乎很喜欢。</blockquote></p><p> Further, Snowflake's infrastructure is built atop the leading cloud-infrastructure service providers. This helps the company's clients work around data-sharing barriers that might otherwise exist between competing cloud platforms.</p><p><blockquote>此外，Snowflake的基础设施建立在领先的云基础设施服务提供商之上。这有助于该公司的客户解决竞争云平台之间可能存在的数据共享障碍。</blockquote></p><p> The big question is whether Snowflake can support its nosebleed valuation of 94 times projected fiscal 2022 sales, with profitability still a long way off. To that end, I'm not so sure -- but Ihave been proven wrong, thus far.</p><p><blockquote>最大的问题是，Snowflake能否支撑其2022财年预计销售额94倍的令人鼻血的估值，而盈利还有很长的路要走。为此，我不太确定——但到目前为止，我已经被证明是错的。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/537b181fc66378021049916184ef4425\" tg-width=\"2000\" tg-height=\"1333\" width=\"100%\" height=\"auto\"><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>Sea Limited: 322% implied sales growth by 2023</b></p><p><blockquote><b>Sea Limited：到2023年隐含销售额增长322%</b></blockquote></p><p> Another large-cap stock with big-time sales-growth expectations is Singapore-based&nbsp;<b>Sea Limited</b>(NYSE:SE). Sea reported $4.38 billion in sales last year. Come 2023, Wall Street is expecting roughly $18.5 billion in full-year revenue.</p><p><blockquote>另一只销售增长预期巨大的大盘股是新加坡<b>海有限公司</b>（纽约证券交易所代码：SE）。Sea去年的销售额为43.8亿美元。到2023年，华尔街预计全年收入约为185亿美元。</blockquote></p><p> Sea's not-so-secret key to success is its diversified trio of high-growth segments. First, there's digital entertainment, which is the only one generating positive earnings before interest, taxes, depreciation, and amortization (EBITDA). Sea ended June with 725 million quarterly active mobile gamers, 12.7% of which were paying to play. This conversion rate&nbsp;is significantly higher than the industry average.</p><p><blockquote>Sea成功的关键不是什么秘密，而是其多元化的三个高增长细分市场。首先是数字娱乐，它是唯一一个产生正息税折旧摊销前利润(EBITDA)的行业。截至6月，Sea的季度活跃移动游戏玩家为7.25亿，其中12.7%是付费游戏。这一转化率明显高于行业平均水平。</blockquote></p><p></p><p> The company's&nbsp;most exciting segment&nbsp;is e-commerce platform Shopee, which has consistently been the most-downloaded shopping app in Southeastern Asia and has seen rapid growth in Brazil. To offer some context as to how quickly Shopee is growing, the gross merchandise value (GMV) transacted in the second quarter was $15 billion. Meanwhile, only $10 billion in GMV was registered on Shopee in all of 2018.</p><p><blockquote>该公司最令人兴奋的部分是电子商务平台Shopee，该平台一直是东南亚下载量最大的购物应用程序，并在巴西快速增长。为了提供有关Shopee增长速度的一些背景信息，第二季度的商品交易总额(GMV)为150亿美元。与此同时，2018年全年Shopee上注册的GMV仅为100亿美元。</blockquote></p><p> Lastly, Sea's nascent digital-wallet services segment is growing rapidly. The company is nearing 33 million paying mobile-wallet users. With Sea focusing on numerous underbanked regions, this digital financial-services segment could be a sneaky strong growth driver for years to come.</p><p><blockquote>最后，Sea新兴的数字钱包服务部门正在快速增长。该公司拥有近3300万付费移动钱包用户。随着Sea专注于众多银行服务不足的地区，这一数字金融服务领域可能会成为未来几年的强劲增长动力。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2d05a27ae059e7e27dd31e695de449b2\" tg-width=\"2000\" tg-height=\"1333\" width=\"100%\" height=\"auto\"><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>AMC Entertainment: 313% implied sales growth by 2023</b></p><p><blockquote><b>AMC院线：到2023年隐含销售额增长313%</b></blockquote></p><p> Sometimes, sales growth alone doesn't give investors the full picture. For instance,movie-theater stock&nbsp;<b>AMC Entertainment</b>(NYSE:AMC)&nbsp;is slated to grow its sales from $1.24 billion in 2020 to an estimated $5.22 billion by 2023. However, the pandemic ravaged AMC and forced many of its theaters to temporarily close. This $5.22 billion estimate for 2023 still represents a decline from the $5.47 billion in sales recorded in 2019, the year prior to the pandemic.</p><p><blockquote>有时，仅靠销售增长并不能让投资者了解全貌。例如，电影院股票<b>AMC院线</b>（纽约证券交易所股票代码：AMC）的销售额预计将从2020年的12.4亿美元增长到2023年的52.2亿美元。然而，疫情肆虐AMC，迫使其许多影院暂时关闭。2023年52.2亿美元的销售额仍较大流行前一年2019年54.7亿美元的销售额有所下降。</blockquote></p><p> Whether it's industry or company specific,nothing seems to be working in AMC's favor. The movie-theater industry has been mired in a 19-year decline, with inflation-adjusted box-office gross sales falling 22% between 2002 and 2019.</p><p><blockquote>无论是行业还是公司具体情况，似乎都没有什么对AMC有利。电影业陷入了长达19年的下滑，2002年至2019年间，经通胀调整的票房总收入下降了22%。</blockquote></p><p> Even though AMC has been able to secure some exclusivity agreements with major studios, these agreements range from 30 to 45 days. Prior to the pandemic, theatrical exclusivity extended 75 to 90 days. There's no question that AMC has lost its bargaining power to studios, or that streaming is eating into its margins.</p><p><blockquote>尽管AMC已经能够与主要工作室达成一些独家协议，但这些协议的期限从30天到45天不等。在疫情之前，影院独占期延长了75至90天。毫无疑问，AMC已经失去了对工作室的议价能力，或者流媒体正在蚕食其利润。</blockquote></p><p> As for the company, it's unlikely to be profitable any time before 2024, and&nbsp;the math simply doesn't check out&nbsp;as to how it'll eventually pay back its $5.4 billion in outstanding debt, $420 million in deferred rent, and nearly $4.9 billion in long-term lease liabilities. With weekly box-office gross sales consistently down double digits from 2019, there's little doubt AMC will continue to burn through its remaining cash.</p><p><blockquote>至于该公司，在2024年之前的任何时候都不太可能盈利，而且数学根本无法确定它最终将如何偿还54亿美元的未偿债务、4.2亿美元的递延租金和近49亿美元的长期租赁负债。由于每周票房总额较2019年持续下降两位数，毫无疑问AMC将继续耗尽剩余现金。</blockquote></p><p> Even with \"rapid sales growth,\" some companies should be avoided like the plague.</p><p><blockquote>即使“销售快速增长”，也应该像躲避瘟疫一样避开一些公司。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b5fc13611f3bbe728494e0ef9d530643\" tg-width=\"2000\" tg-height=\"1334\" width=\"100%\" height=\"auto\"><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>Moderna: 1,304% implied sales growth by 2023</b></p><p><blockquote><b>Moderna：到2023年隐含销售额增长1,304%</b></blockquote></p><p> The kingpin of sales growth on this list among large-cap companies is&nbsp;biotech-stock&nbsp;<b>Moderna</b>(NASDAQ:MRNA). In 2020, Moderna posted a little over $803 million in sales. By 2023, analysts expect this hot biotech stock to yield $11.28 billion in revenue. That's a better than 1,300% expected sales increase.</p><p><blockquote>这份大盘股公司中销售额增长的主力是生物科技股<b>现代</b>（纳斯达克：MRNA）。2020年，Moderna的销售额略高于8.03亿美元。到2023年，分析师预计这只热门生物科技股将产生112.8亿美元的收入。这比预期的1,300%的销售额增长要好。</blockquote></p><p> Chances are you're familiar with the Moderna name because of its success on the coronavirus disease 2019 (COVID-19) vaccine front. The company's vaccine, mRNA-1273, demonstrated 94% vaccine efficacy in a U.S. clinical trial released last November and has played a key role in inoculating adults in numerous developed markets.</p><p><blockquote>您可能对Moderna这个名字很熟悉，因为它在冠状病毒疾病2019（COVID-19）疫苗方面取得了成功。该公司的疫苗mRNA-1273在去年11月发布的美国临床试验中证明了94%的疫苗效力，并在众多发达市场的成人接种中发挥了关键作用。</blockquote></p><p> The&nbsp;big unknown for Moderna&nbsp;is what sort of legs mRNA-1273 will exhibit beyond 2021-2022. On one hand, variants of COVID-19 and the deterioration of vaccine efficacy over time suggests that booster shots may become a routine moving forward. This would offer Moderna a recurring revenue stream that it's never had before.</p><p><blockquote>Moderna最大的未知数是mRNA-1273在2021-2022年之后将展示什么样的腿。一方面，新冠肺炎的变种和疫苗效力随着时间的推移而恶化表明，加强注射可能会成为未来的常规。这将为Moderna提供前所未有的经常性收入来源。</blockquote></p><p> On the other hand, new vaccines are set to enter the space, and innovation could threaten Moderna's grip as a top-two COVID-19 player. For example, if competitors bring combination vaccines to market (e.g., COVID-19/influenza), it could make mRNA-1273 a less-tantalizing option.</p><p><blockquote>另一方面，新疫苗即将进入该领域，创新可能会威胁到Moderna作为COVID-19前两名参与者的地位。例如，如果竞争对手将联合疫苗推向市场（如新冠肺炎/流感），可能会使mRNA-1273成为一个不太诱人的选择。</blockquote></p><p> Considering that Moderna's $141 billion market cap is based on a single therapeutic, there's a lot of risk built into this stock.</p><p><blockquote>考虑到Moderna 1410亿美元的市值是基于单一治疗药物，该股票存在很大风险。</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>5 Large-Cap Stocks Expected to Increase Sales 313% to 1,304% by 2023<blockquote>5只大盘股预计到2023年销售额将增长313%至1,304%</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n5 Large-Cap Stocks Expected to Increase Sales 313% to 1,304% by 2023<blockquote>5只大盘股预计到2023年销售额将增长313%至1,304%</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\">2021-11-04 18:43</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Key Points</b></p><p><blockquote><b>要点</b></blockquote></p><p> <ul>  <li>Be careful: Sales growth alone doesn't always give you the full story about a company.</li> </ul> Since the Great Recession ended in 2009, no group of companies has performed better than&nbsp;growth stocks. Historically low lending rates and the Federal Reserve's insistence on using quantitative-easing measures to keep rates low has led to abundant access to cheap capital.</p><p><blockquote><ul><li>小心：仅靠销售增长并不总是能让您了解一家公司的全部情况。</li></ul>自2009年大衰退结束以来，没有哪一组公司的表现比成长型股票更好。历史上较低的贷款利率和美联储坚持使用量化宽松措施来保持低利率，导致廉价资本的充足渠道。</blockquote></p><p> And it's not just small-cap stocks that are leaving a fiery trail of growth in their wake. According to consensus sales estimates from Wall Street, the following five&nbsp;large-cap stocks(companies with market caps of at least $10 billion) are all on pace to grow their annual sales by 313% to as much as 1,304% by 2023.</p><p><blockquote>不仅仅是小盘股留下了火热的增长轨迹。根据华尔街的一致销售额估计，以下五只大盘股（市值至少为100亿美元的公司）的年销售额都有望在2023年增长313%，达到1,304%。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ddae655c5dfcf584e1db5b561b7b2051\" tg-width=\"2000\" tg-height=\"1529\" width=\"100%\" height=\"auto\"><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>Nio: 447% implied sales growth by 2023</b></p><p><blockquote><b>蔚来：到2023年隐含销售额增长447%</b></blockquote></p><p> Electric-vehicle(EV) manufacturers should be some of the fastest-growing companies of the decade, and&nbsp;<b>Nio</b>(NYSE:NIO)&nbsp;is no exception. After the company produced $2.58 billion in sales last year, Wall Street's forecast calls for Nio to drive home roughly $14.1 billion in annual sales by 2023.</p><p><blockquote>电动汽车(EV)制造商应该是十年来增长最快的公司之一，并且<b>蔚来</b>（纽约证券交易所代码：蔚来）也不例外。继该公司去年实现25.8亿美元的销售额后，华尔街预测蔚来的评级到2023年将实现约141亿美元的年销售额。</blockquote></p><p> It's no secret that virtually all of the largest economies in the world are taking steps to fight climate change. Pushing consumers and enterprises to shift to EVs is one of the easiest ways to reduce carbon emissions. Nio is headquartered in the largest auto market in the world, China, which should see half of its annual vehicle sales be EVs or hybrids (mostly the former) by 2035, according to the Society of Automotive Engineers of China.</p><p><blockquote>众所周知，世界上几乎所有最大的经济体都在采取措施应对气候变化。推动消费者和企业转向电动汽车是减少碳排放最简单的方法之一。蔚来总部位于全球最大的汽车市场中国，根据中国汽车工程学会的数据，到2035年，中国汽车年销量的一半将是电动汽车或混合动力汽车（主要是前者）。</blockquote></p><p> Nio's rapid sales growth&nbsp;is being driven by its innovation. The company is introducing a new EV each year -- and its high-margin, loyalty-driven subscription program. Last year, it introduced a battery-as-a-service subscription program that'll allow buyers to upgrade or replace their batteries. This service also reduces the upfront cost of Nio's EVs.</p><p><blockquote>蔚来的快速销售增长是由其创新推动的。该公司每年都会推出一款新的电动汽车及其高利润、忠诚度驱动的订阅计划。去年，它推出了电池即服务订阅计划，允许买家升级或更换电池。这项服务还降低了蔚来电动汽车的前期成本。</blockquote></p><p> In exchange for giving up near-term sales, Nio is receiving high-margin monthly subscription revenue. More importantly, it's keeping buyers loyal to the brand.</p><p><blockquote>作为放弃近期销售的交换，蔚来正在获得高利润的月度订阅收入。更重要的是，它让买家对品牌保持忠诚。</blockquote></p><p> Assuming the auto industry can overcome recent chip shortages, Nio shouldn't have any trouble expanding its capacity and more than quintupling its sales in three years.</p><p><blockquote>假设汽车行业能够克服最近的芯片短缺问题，蔚来扩大产能并在三年内将销量增加五倍以上应该没有任何问题。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6a0952a9abfc3d69f1c7af0861a2d97b\" tg-width=\"2000\" tg-height=\"1333\" width=\"100%\" height=\"auto\"><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>Snowflake: 401% implied sales growth by 2023</b></p><p><blockquote><b>Snowflake：到2023年隐含销售额增长401%</b></blockquote></p><p> Although double-digit sales growth is commonplace among cloud stocks, cloud data-warehousing company&nbsp;<b>Snowflake</b>(NYSE:SNOW)&nbsp;seems to be in a league of its own. In fiscal 2021, Snowflake brought in about $592 million in sales. By fiscal 2024, which ends in calendar year 2023, Wall Street is looking for Snowflake to generate almost $2.97 billion in revenue. That's a quintupling in sales, for those of you keeping score at home.</p><p><blockquote>尽管两位数的销售额增长在云股中司空见惯，但云数据仓储公司<b>雪花</b>（纽约证券交易所股票代码：SNOW）似乎独树一帜。2021财年，Snowflake的销售额约为5.92亿美元。到2023日历年结束的2024财年，华尔街预计Snowflake将产生近29.7亿美元的收入。对于那些在家记分的人来说，销售额增长了五倍。</blockquote></p><p> The Snowflake growth story&nbsp;is all about competitive advantages. For example, instead of opting for the popular subscription-based model, Snowflake charges its customers based on how much data they store and how many Snowflake Compute Credits used. This is a more transparent cost approach that its customers seem to like.</p><p><blockquote>雪花成长的故事是关于竞争优势的。例如，Snowflake没有选择流行的基于订阅的模式，而是根据客户存储的数据量和使用的Snowflake计算点数向客户收费。这是一种更透明的成本方法，其客户似乎很喜欢。</blockquote></p><p> Further, Snowflake's infrastructure is built atop the leading cloud-infrastructure service providers. This helps the company's clients work around data-sharing barriers that might otherwise exist between competing cloud platforms.</p><p><blockquote>此外，Snowflake的基础设施建立在领先的云基础设施服务提供商之上。这有助于该公司的客户解决竞争云平台之间可能存在的数据共享障碍。</blockquote></p><p> The big question is whether Snowflake can support its nosebleed valuation of 94 times projected fiscal 2022 sales, with profitability still a long way off. To that end, I'm not so sure -- but Ihave been proven wrong, thus far.</p><p><blockquote>最大的问题是，Snowflake能否支撑其2022财年预计销售额94倍的令人鼻血的估值，而盈利还有很长的路要走。为此，我不太确定——但到目前为止，我已经被证明是错的。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/537b181fc66378021049916184ef4425\" tg-width=\"2000\" tg-height=\"1333\" width=\"100%\" height=\"auto\"><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>Sea Limited: 322% implied sales growth by 2023</b></p><p><blockquote><b>Sea Limited：到2023年隐含销售额增长322%</b></blockquote></p><p> Another large-cap stock with big-time sales-growth expectations is Singapore-based&nbsp;<b>Sea Limited</b>(NYSE:SE). Sea reported $4.38 billion in sales last year. Come 2023, Wall Street is expecting roughly $18.5 billion in full-year revenue.</p><p><blockquote>另一只销售增长预期巨大的大盘股是新加坡<b>海有限公司</b>（纽约证券交易所代码：SE）。Sea去年的销售额为43.8亿美元。到2023年，华尔街预计全年收入约为185亿美元。</blockquote></p><p> Sea's not-so-secret key to success is its diversified trio of high-growth segments. First, there's digital entertainment, which is the only one generating positive earnings before interest, taxes, depreciation, and amortization (EBITDA). Sea ended June with 725 million quarterly active mobile gamers, 12.7% of which were paying to play. This conversion rate&nbsp;is significantly higher than the industry average.</p><p><blockquote>Sea成功的关键不是什么秘密，而是其多元化的三个高增长细分市场。首先是数字娱乐，它是唯一一个产生正息税折旧摊销前利润(EBITDA)的行业。截至6月，Sea的季度活跃移动游戏玩家为7.25亿，其中12.7%是付费游戏。这一转化率明显高于行业平均水平。</blockquote></p><p></p><p> The company's&nbsp;most exciting segment&nbsp;is e-commerce platform Shopee, which has consistently been the most-downloaded shopping app in Southeastern Asia and has seen rapid growth in Brazil. To offer some context as to how quickly Shopee is growing, the gross merchandise value (GMV) transacted in the second quarter was $15 billion. Meanwhile, only $10 billion in GMV was registered on Shopee in all of 2018.</p><p><blockquote>该公司最令人兴奋的部分是电子商务平台Shopee，该平台一直是东南亚下载量最大的购物应用程序，并在巴西快速增长。为了提供有关Shopee增长速度的一些背景信息，第二季度的商品交易总额(GMV)为150亿美元。与此同时，2018年全年Shopee上注册的GMV仅为100亿美元。</blockquote></p><p> Lastly, Sea's nascent digital-wallet services segment is growing rapidly. The company is nearing 33 million paying mobile-wallet users. With Sea focusing on numerous underbanked regions, this digital financial-services segment could be a sneaky strong growth driver for years to come.</p><p><blockquote>最后，Sea新兴的数字钱包服务部门正在快速增长。该公司拥有近3300万付费移动钱包用户。随着Sea专注于众多银行服务不足的地区，这一数字金融服务领域可能会成为未来几年的强劲增长动力。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2d05a27ae059e7e27dd31e695de449b2\" tg-width=\"2000\" tg-height=\"1333\" width=\"100%\" height=\"auto\"><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>AMC Entertainment: 313% implied sales growth by 2023</b></p><p><blockquote><b>AMC院线：到2023年隐含销售额增长313%</b></blockquote></p><p> Sometimes, sales growth alone doesn't give investors the full picture. For instance,movie-theater stock&nbsp;<b>AMC Entertainment</b>(NYSE:AMC)&nbsp;is slated to grow its sales from $1.24 billion in 2020 to an estimated $5.22 billion by 2023. However, the pandemic ravaged AMC and forced many of its theaters to temporarily close. This $5.22 billion estimate for 2023 still represents a decline from the $5.47 billion in sales recorded in 2019, the year prior to the pandemic.</p><p><blockquote>有时，仅靠销售增长并不能让投资者了解全貌。例如，电影院股票<b>AMC院线</b>（纽约证券交易所股票代码：AMC）的销售额预计将从2020年的12.4亿美元增长到2023年的52.2亿美元。然而，疫情肆虐AMC，迫使其许多影院暂时关闭。2023年52.2亿美元的销售额仍较大流行前一年2019年54.7亿美元的销售额有所下降。</blockquote></p><p> Whether it's industry or company specific,nothing seems to be working in AMC's favor. The movie-theater industry has been mired in a 19-year decline, with inflation-adjusted box-office gross sales falling 22% between 2002 and 2019.</p><p><blockquote>无论是行业还是公司具体情况，似乎都没有什么对AMC有利。电影业陷入了长达19年的下滑，2002年至2019年间，经通胀调整的票房总收入下降了22%。</blockquote></p><p> Even though AMC has been able to secure some exclusivity agreements with major studios, these agreements range from 30 to 45 days. Prior to the pandemic, theatrical exclusivity extended 75 to 90 days. There's no question that AMC has lost its bargaining power to studios, or that streaming is eating into its margins.</p><p><blockquote>尽管AMC已经能够与主要工作室达成一些独家协议，但这些协议的期限从30天到45天不等。在疫情之前，影院独占期延长了75至90天。毫无疑问，AMC已经失去了对工作室的议价能力，或者流媒体正在蚕食其利润。</blockquote></p><p> As for the company, it's unlikely to be profitable any time before 2024, and&nbsp;the math simply doesn't check out&nbsp;as to how it'll eventually pay back its $5.4 billion in outstanding debt, $420 million in deferred rent, and nearly $4.9 billion in long-term lease liabilities. With weekly box-office gross sales consistently down double digits from 2019, there's little doubt AMC will continue to burn through its remaining cash.</p><p><blockquote>至于该公司，在2024年之前的任何时候都不太可能盈利，而且数学根本无法确定它最终将如何偿还54亿美元的未偿债务、4.2亿美元的递延租金和近49亿美元的长期租赁负债。由于每周票房总额较2019年持续下降两位数，毫无疑问AMC将继续耗尽剩余现金。</blockquote></p><p> Even with \"rapid sales growth,\" some companies should be avoided like the plague.</p><p><blockquote>即使“销售快速增长”，也应该像躲避瘟疫一样避开一些公司。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b5fc13611f3bbe728494e0ef9d530643\" tg-width=\"2000\" tg-height=\"1334\" width=\"100%\" height=\"auto\"><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>Moderna: 1,304% implied sales growth by 2023</b></p><p><blockquote><b>Moderna：到2023年隐含销售额增长1,304%</b></blockquote></p><p> The kingpin of sales growth on this list among large-cap companies is&nbsp;biotech-stock&nbsp;<b>Moderna</b>(NASDAQ:MRNA). In 2020, Moderna posted a little over $803 million in sales. By 2023, analysts expect this hot biotech stock to yield $11.28 billion in revenue. That's a better than 1,300% expected sales increase.</p><p><blockquote>这份大盘股公司中销售额增长的主力是生物科技股<b>现代</b>（纳斯达克：MRNA）。2020年，Moderna的销售额略高于8.03亿美元。到2023年，分析师预计这只热门生物科技股将产生112.8亿美元的收入。这比预期的1,300%的销售额增长要好。</blockquote></p><p> Chances are you're familiar with the Moderna name because of its success on the coronavirus disease 2019 (COVID-19) vaccine front. The company's vaccine, mRNA-1273, demonstrated 94% vaccine efficacy in a U.S. clinical trial released last November and has played a key role in inoculating adults in numerous developed markets.</p><p><blockquote>您可能对Moderna这个名字很熟悉，因为它在冠状病毒疾病2019（COVID-19）疫苗方面取得了成功。该公司的疫苗mRNA-1273在去年11月发布的美国临床试验中证明了94%的疫苗效力，并在众多发达市场的成人接种中发挥了关键作用。</blockquote></p><p> The&nbsp;big unknown for Moderna&nbsp;is what sort of legs mRNA-1273 will exhibit beyond 2021-2022. On one hand, variants of COVID-19 and the deterioration of vaccine efficacy over time suggests that booster shots may become a routine moving forward. This would offer Moderna a recurring revenue stream that it's never had before.</p><p><blockquote>Moderna最大的未知数是mRNA-1273在2021-2022年之后将展示什么样的腿。一方面，新冠肺炎的变种和疫苗效力随着时间的推移而恶化表明，加强注射可能会成为未来的常规。这将为Moderna提供前所未有的经常性收入来源。</blockquote></p><p> On the other hand, new vaccines are set to enter the space, and innovation could threaten Moderna's grip as a top-two COVID-19 player. For example, if competitors bring combination vaccines to market (e.g., COVID-19/influenza), it could make mRNA-1273 a less-tantalizing option.</p><p><blockquote>另一方面，新疫苗即将进入该领域，创新可能会威胁到Moderna作为COVID-19前两名参与者的地位。例如，如果竞争对手将联合疫苗推向市场（如新冠肺炎/流感），可能会使mRNA-1273成为一个不太诱人的选择。</blockquote></p><p> Considering that Moderna's $141 billion market cap is based on a single therapeutic, there's a lot of risk built into this stock.</p><p><blockquote>考虑到Moderna 1410亿美元的市值是基于单一治疗药物，该股票存在很大风险。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/11/04/5-large-cap-stocks-increase-sales-313-to-1304/\">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":{"SNOW":"Snowflake","SE":"Sea Ltd","MRNA":"Moderna, Inc.","NIO":"蔚来","AMC":"AMC院线"},"source_url":"https://www.fool.com/investing/2021/11/04/5-large-cap-stocks-increase-sales-313-to-1304/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1144131531","content_text":"Key Points\n\nBe careful: Sales growth alone doesn't always give you the full story about a company.\n\nSince the Great Recession ended in 2009, no group of companies has performed better than growth stocks. Historically low lending rates and the Federal Reserve's insistence on using quantitative-easing measures to keep rates low has led to abundant access to cheap capital.\nAnd it's not just small-cap stocks that are leaving a fiery trail of growth in their wake. According to consensus sales estimates from Wall Street, the following five large-cap stocks(companies with market caps of at least $10 billion) are all on pace to grow their annual sales by 313% to as much as 1,304% by 2023.\nIMAGE SOURCE: GETTY IMAGES.\nNio: 447% implied sales growth by 2023\nElectric-vehicle(EV) manufacturers should be some of the fastest-growing companies of the decade, and Nio(NYSE:NIO) is no exception. After the company produced $2.58 billion in sales last year, Wall Street's forecast calls for Nio to drive home roughly $14.1 billion in annual sales by 2023.\nIt's no secret that virtually all of the largest economies in the world are taking steps to fight climate change. Pushing consumers and enterprises to shift to EVs is one of the easiest ways to reduce carbon emissions. Nio is headquartered in the largest auto market in the world, China, which should see half of its annual vehicle sales be EVs or hybrids (mostly the former) by 2035, according to the Society of Automotive Engineers of China.\nNio's rapid sales growth is being driven by its innovation. The company is introducing a new EV each year -- and its high-margin, loyalty-driven subscription program. Last year, it introduced a battery-as-a-service subscription program that'll allow buyers to upgrade or replace their batteries. This service also reduces the upfront cost of Nio's EVs.\nIn exchange for giving up near-term sales, Nio is receiving high-margin monthly subscription revenue. More importantly, it's keeping buyers loyal to the brand.\nAssuming the auto industry can overcome recent chip shortages, Nio shouldn't have any trouble expanding its capacity and more than quintupling its sales in three years.\nIMAGE SOURCE: GETTY IMAGES.\nSnowflake: 401% implied sales growth by 2023\nAlthough double-digit sales growth is commonplace among cloud stocks, cloud data-warehousing company Snowflake(NYSE:SNOW) seems to be in a league of its own. In fiscal 2021, Snowflake brought in about $592 million in sales. By fiscal 2024, which ends in calendar year 2023, Wall Street is looking for Snowflake to generate almost $2.97 billion in revenue. That's a quintupling in sales, for those of you keeping score at home.\nThe Snowflake growth story is all about competitive advantages. For example, instead of opting for the popular subscription-based model, Snowflake charges its customers based on how much data they store and how many Snowflake Compute Credits used. This is a more transparent cost approach that its customers seem to like.\nFurther, Snowflake's infrastructure is built atop the leading cloud-infrastructure service providers. This helps the company's clients work around data-sharing barriers that might otherwise exist between competing cloud platforms.\nThe big question is whether Snowflake can support its nosebleed valuation of 94 times projected fiscal 2022 sales, with profitability still a long way off. To that end, I'm not so sure -- but Ihave been proven wrong, thus far.\nIMAGE SOURCE: GETTY IMAGES.\nSea Limited: 322% implied sales growth by 2023\nAnother large-cap stock with big-time sales-growth expectations is Singapore-based Sea Limited(NYSE:SE). Sea reported $4.38 billion in sales last year. Come 2023, Wall Street is expecting roughly $18.5 billion in full-year revenue.\nSea's not-so-secret key to success is its diversified trio of high-growth segments. First, there's digital entertainment, which is the only one generating positive earnings before interest, taxes, depreciation, and amortization (EBITDA). Sea ended June with 725 million quarterly active mobile gamers, 12.7% of which were paying to play. This conversion rate is significantly higher than the industry average.\nThe company's most exciting segment is e-commerce platform Shopee, which has consistently been the most-downloaded shopping app in Southeastern Asia and has seen rapid growth in Brazil. To offer some context as to how quickly Shopee is growing, the gross merchandise value (GMV) transacted in the second quarter was $15 billion. Meanwhile, only $10 billion in GMV was registered on Shopee in all of 2018.\nLastly, Sea's nascent digital-wallet services segment is growing rapidly. The company is nearing 33 million paying mobile-wallet users. With Sea focusing on numerous underbanked regions, this digital financial-services segment could be a sneaky strong growth driver for years to come.\nIMAGE SOURCE: GETTY IMAGES.\nAMC Entertainment: 313% implied sales growth by 2023\nSometimes, sales growth alone doesn't give investors the full picture. For instance,movie-theater stock AMC Entertainment(NYSE:AMC) is slated to grow its sales from $1.24 billion in 2020 to an estimated $5.22 billion by 2023. However, the pandemic ravaged AMC and forced many of its theaters to temporarily close. This $5.22 billion estimate for 2023 still represents a decline from the $5.47 billion in sales recorded in 2019, the year prior to the pandemic.\nWhether it's industry or company specific,nothing seems to be working in AMC's favor. The movie-theater industry has been mired in a 19-year decline, with inflation-adjusted box-office gross sales falling 22% between 2002 and 2019.\nEven though AMC has been able to secure some exclusivity agreements with major studios, these agreements range from 30 to 45 days. Prior to the pandemic, theatrical exclusivity extended 75 to 90 days. There's no question that AMC has lost its bargaining power to studios, or that streaming is eating into its margins.\nAs for the company, it's unlikely to be profitable any time before 2024, and the math simply doesn't check out as to how it'll eventually pay back its $5.4 billion in outstanding debt, $420 million in deferred rent, and nearly $4.9 billion in long-term lease liabilities. With weekly box-office gross sales consistently down double digits from 2019, there's little doubt AMC will continue to burn through its remaining cash.\nEven with \"rapid sales growth,\" some companies should be avoided like the plague.\nIMAGE SOURCE: GETTY IMAGES.\nModerna: 1,304% implied sales growth by 2023\nThe kingpin of sales growth on this list among large-cap companies is biotech-stock Moderna(NASDAQ:MRNA). In 2020, Moderna posted a little over $803 million in sales. By 2023, analysts expect this hot biotech stock to yield $11.28 billion in revenue. That's a better than 1,300% expected sales increase.\nChances are you're familiar with the Moderna name because of its success on the coronavirus disease 2019 (COVID-19) vaccine front. The company's vaccine, mRNA-1273, demonstrated 94% vaccine efficacy in a U.S. clinical trial released last November and has played a key role in inoculating adults in numerous developed markets.\nThe big unknown for Moderna is what sort of legs mRNA-1273 will exhibit beyond 2021-2022. On one hand, variants of COVID-19 and the deterioration of vaccine efficacy over time suggests that booster shots may become a routine moving forward. This would offer Moderna a recurring revenue stream that it's never had before.\nOn the other hand, new vaccines are set to enter the space, and innovation could threaten Moderna's grip as a top-two COVID-19 player. For example, if competitors bring combination vaccines to market (e.g., COVID-19/influenza), it could make mRNA-1273 a less-tantalizing option.\nConsidering that Moderna's $141 billion market cap is based on a single therapeutic, there's a lot of risk built into this stock.","news_type":1,"symbols_score_info":{"MRNA":0.9,"SNOW":0.9,"SE":0.9,"NIO":0.9,"AMC":0.9}},"isVote":1,"tweetType":1,"viewCount":660,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":817359363,"gmtCreate":1630911498552,"gmtModify":1631890217337,"author":{"id":"3568070265339857","authorId":"3568070265339857","name":"LohYK","avatar":"https://static.tigerbbs.com/d6add0343094f5e965e831fa432314ef","crmLevel":13,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3568070265339857","authorIdStr":"3568070265339857"},"themes":[],"htmlText":"Start to buy while trending up","listText":"Start to buy while trending up","text":"Start to buy while trending up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":5,"repostSize":0,"link":"https://laohu8.com/post/817359363","repostId":"1143325200","repostType":4,"repost":{"id":"1143325200","kind":"news","pubTimestamp":1630882610,"share":"https://www.laohu8.com/m/news/1143325200?lang=zh_CN&edition=full","pubTime":"2021-09-06 06:56","market":"us","language":"en","title":"GameStop, Moderna, Home Depot, Kroger, and Other Stocks for Investors to Watch This Week<blockquote>游戏驿站、Moderna、家得宝、克罗格等本周值得投资者关注的股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1143325200","media":"Barrons","summary":"U.S. stock and bond markets are closed on Monday for Labor Day. The holiday-shortened week then feat","content":"<p>U.S. stock and bond markets are closed on Monday for Labor Day. The holiday-shortened week then features several notable company updates and economic data releases.</p><p><blockquote>美国股市和债市周一因劳动节休市。假期缩短的一周将发布几个值得注意的公司更新和经济数据。</blockquote></p><p> GameStop and Lululemon Athletica release quarterly results on Wednesday, followed by International Paper on Thursday and Kroger on Friday. Analog Devices—fresh off of its&nbsp;$21 billion acquisition of Maxim Integrated Products—will host an investor day on Wednesday. Moderna, Danaher, and Home Depot managements will also speak with investors on Thursday. Finally, Albemarle&nbsp;hosts&nbsp;an investor day on Friday.</p><p><blockquote>游戏驿站和Lululemon Athletica将于周三发布季度业绩，国际纸业将于周四发布季度业绩，克罗格将于周五发布季度业绩。Analog Devices刚刚以210亿美元收购Maxim Integrated Products，将于周三举办投资者日。Moderna、丹纳赫和家得宝管理层也将于周四与投资者交谈。最后，雅宝将于周五举办投资者日。</blockquote></p><p> The economic data highlight of the week will be Friday’s August producer price index from the Bureau of Labor Statistics. Economists’ consensus estimate is for a 0.6% monthly rise in the headline index, and a 0.5% increase for the core PPI—which leaves out more volatile food and energy prices. Both the core and headline indexes rose 1% in July. The August consumer price index will be out the following week, on Sept. 14.</p><p><blockquote>本周的经济数据亮点将是周五美国劳工统计局公布的8月份生产者价格指数。经济学家的普遍预期是总体指数月度上涨0.6%，核心PPI上涨0.5%——这还不包括波动更大的食品和能源价格。7月份核心指数和整体指数均上涨1%。8月份消费者价格指数将于下周9月14日公布。</blockquote></p><p> On Tuesday, the Federal Reserve will release its latest beige book, full of updates on economic, hiring, and business conditions in each of the dozen central bank districts. The European Central Bank also announces a monetary-policy decision on Thursday, but is widely expected to hold its target interest rate at its current level of negative 0.5%.</p><p><blockquote>周二，美联储将发布最新的褐皮书，其中包含十几个中央银行区的经济、招聘和商业状况的最新信息。欧洲央行也将于周四宣布货币政策决定，但市场普遍预计将把目标利率维持在目前负0.5%的水平。</blockquote></p><p> <b>Monday 9/6</b></p><p><blockquote><b>星期一9/6</b></blockquote></p><p> Stock and fixed-income markets are closed in observance of Labor Day.</p><p><blockquote>股票和固定收益市场因劳动节休市。</blockquote></p><p> <b>Tuesday 9/7</b></p><p><blockquote><b>星期二9/7</b></blockquote></p><p> Casey’s General Stores and Coupa Software announce earnings.</p><p><blockquote>Casey’s General Stores和Coupa Software公布收益。</blockquote></p><p> <b>Wednesday 9/8</b></p><p><blockquote><b>星期三9/8</b></blockquote></p><p> Copart, GameStop, and Lululemon Athletica release quarterly results.</p><p><blockquote>Copart、游戏驿站和Lululemon Athletica发布季度业绩。</blockquote></p><p> Analog Devices hosts a conference call to discuss its capital-allocation plans and update its outlook for fiscal 2021. The company recently closed its $21 billion acquisition of Maxim Integrated Products.</p><p><blockquote>ADI公司召开电话会议，讨论其资本配置计划并更新2021财年展望。该公司最近完成了对Maxim Integrated Products的210亿美元收购。</blockquote></p><p> Global Payments, Johnson Controls International, and ResMed hold virtual investor days.</p><p><blockquote>Global Payments、江森自控国际和ResMed举办虚拟投资者日。</blockquote></p><p> The Bureau of Labor Statistics releases the Job Openings and Labor Turnover Survey. Consensus estimate is for 10 million job openings on the last business day of July. In June, there were 10.1 million openings, the fourth consecutive monthly record.</p><p><blockquote>劳工统计局发布职位空缺和劳动力流动调查。普遍估计7月最后一个工作日将有1000万个职位空缺。6月份，有1010万个职位空缺，连续第四个月创下纪录。</blockquote></p><p> The Federal Reserve reports consumer credit data for July. Total outstanding consumer debt increased by $37.7 billion to a record $4.32 trillion in June. For the second quarter, consumer credit rose at a seasonally adjusted annual rate of 8.8%, reflecting pent-up demand.</p><p><blockquote>美联储公布7月份消费者信贷数据。6月份未偿消费者债务总额增加377亿美元，达到创纪录的4.32万亿美元。第二季度，消费信贷经季节调整后的年率增长8.8%，反映了被压抑的需求。</blockquote></p><p> The Federal Reserve releases the beige book for the sixth of eight times this year. The report summarizes current economic conditions among the 12 Federal Reserve districts.</p><p><blockquote>美联储今年八次发布褐皮书中的第六次。该报告总结了12个美联储地区当前的经济状况。</blockquote></p><p> <b>Thursday 9/9</b></p><p><blockquote><b>星期四9/9</b></blockquote></p><p> Home Depot hosts a conference call to discuss its ESG strategy, led by Ron Jarvis, the company’s chief sustainability officer.</p><p><blockquote>家得宝召开电话会议讨论其ESG战略，由公司首席可持续发展官Ron Jarvis主持。</blockquote></p><p> Moderna hosts its fifth annual R&amp;D day to discuss vaccines in the company’s pipeline. CEO Stéphane Bancel will be among the presenters.</p><p><blockquote>Moderna举办第五届年度研发日，讨论公司在研疫苗。首席执行官Stéphane Bancel将是演讲者之一。</blockquote></p><p> Danaher holds an investor and analyst meeting, hosted by its CEO Rainer Blair.</p><p><blockquote>丹纳赫召开投资者和分析师会议，由首席执行官Rainer Blair主持。</blockquote></p><p> International Paper, Synchrony Financial, and Willis Towers Watson hold investor days.</p><p><blockquote>国际纸业、同步金融和威利斯韬睿惠悦举办投资者日。</blockquote></p><p> The European Central Bank announces its monetary-policy decision. The ECB is expected to keep its key interest rate unchanged at minus 0.5%.</p><p><blockquote>欧洲中央银行宣布其货币政策决定。预计欧洲央行将维持关键利率在负0.5%不变。</blockquote></p><p> The Department of Labor reports initial jobless claims for the week ending on Sept. 4. In August, claims averaged 355,000 a week, the lowest since the pandemic’s onset. This will also be the last week that the extra $300 from federal enhanced unemployment benefits is available. They are set to expire by Sept. 6.</p><p><blockquote>劳工部报告了截至9月4日当周的首次申请失业救济人数。8月份，平均每周申请失业救济人数为35.5万人，为疫情爆发以来的最低水平。这也将是联邦强化失业救济金额外发放300美元的最后一周。它们将于9月6日到期。</blockquote></p><p> <b>Friday 9/10</b></p><p><blockquote><b>星期五9/10</b></blockquote></p><p> The BLS reports the producer price index for August. Economists forecast a 0.6% monthly rise along with a 0.5% increase for the core PPI, which excludes volatile food and energy prices. Both jumped 1% in July.</p><p><blockquote>BLS报告8月份生产者价格指数。经济学家预测核心生产者价格指数（不包括波动较大的食品和能源价格）月度上涨0.6%，核心生产者价格指数将上涨0.5%。7月份两者均上涨1%。</blockquote></p><p> Kroger holds a conference calls to discuss earnings.</p><p><blockquote>克罗格评级召开会议讨论收益。</blockquote></p><p></p>","source":"lsy1601382232898","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>GameStop, Moderna, Home Depot, Kroger, and Other Stocks for Investors to Watch This Week<blockquote>游戏驿站、Moderna、家得宝、克罗格等本周值得投资者关注的股票</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\">\nGameStop, Moderna, Home Depot, Kroger, and Other Stocks for Investors to Watch This Week<blockquote>游戏驿站、Moderna、家得宝、克罗格等本周值得投资者关注的股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-09-06 06:56</span>\n</p>\n</h4>\n</header>\n<article>\n<p>U.S. stock and bond markets are closed on Monday for Labor Day. The holiday-shortened week then features several notable company updates and economic data releases.</p><p><blockquote>美国股市和债市周一因劳动节休市。假期缩短的一周将发布几个值得注意的公司更新和经济数据。</blockquote></p><p> GameStop and Lululemon Athletica release quarterly results on Wednesday, followed by International Paper on Thursday and Kroger on Friday. Analog Devices—fresh off of its&nbsp;$21 billion acquisition of Maxim Integrated Products—will host an investor day on Wednesday. Moderna, Danaher, and Home Depot managements will also speak with investors on Thursday. Finally, Albemarle&nbsp;hosts&nbsp;an investor day on Friday.</p><p><blockquote>游戏驿站和Lululemon Athletica将于周三发布季度业绩，国际纸业将于周四发布季度业绩，克罗格将于周五发布季度业绩。Analog Devices刚刚以210亿美元收购Maxim Integrated Products，将于周三举办投资者日。Moderna、丹纳赫和家得宝管理层也将于周四与投资者交谈。最后，雅宝将于周五举办投资者日。</blockquote></p><p> The economic data highlight of the week will be Friday’s August producer price index from the Bureau of Labor Statistics. Economists’ consensus estimate is for a 0.6% monthly rise in the headline index, and a 0.5% increase for the core PPI—which leaves out more volatile food and energy prices. Both the core and headline indexes rose 1% in July. The August consumer price index will be out the following week, on Sept. 14.</p><p><blockquote>本周的经济数据亮点将是周五美国劳工统计局公布的8月份生产者价格指数。经济学家的普遍预期是总体指数月度上涨0.6%，核心PPI上涨0.5%——这还不包括波动更大的食品和能源价格。7月份核心指数和整体指数均上涨1%。8月份消费者价格指数将于下周9月14日公布。</blockquote></p><p> On Tuesday, the Federal Reserve will release its latest beige book, full of updates on economic, hiring, and business conditions in each of the dozen central bank districts. The European Central Bank also announces a monetary-policy decision on Thursday, but is widely expected to hold its target interest rate at its current level of negative 0.5%.</p><p><blockquote>周二，美联储将发布最新的褐皮书，其中包含十几个中央银行区的经济、招聘和商业状况的最新信息。欧洲央行也将于周四宣布货币政策决定，但市场普遍预计将把目标利率维持在目前负0.5%的水平。</blockquote></p><p> <b>Monday 9/6</b></p><p><blockquote><b>星期一9/6</b></blockquote></p><p> Stock and fixed-income markets are closed in observance of Labor Day.</p><p><blockquote>股票和固定收益市场因劳动节休市。</blockquote></p><p> <b>Tuesday 9/7</b></p><p><blockquote><b>星期二9/7</b></blockquote></p><p> Casey’s General Stores and Coupa Software announce earnings.</p><p><blockquote>Casey’s General Stores和Coupa Software公布收益。</blockquote></p><p> <b>Wednesday 9/8</b></p><p><blockquote><b>星期三9/8</b></blockquote></p><p> Copart, GameStop, and Lululemon Athletica release quarterly results.</p><p><blockquote>Copart、游戏驿站和Lululemon Athletica发布季度业绩。</blockquote></p><p> Analog Devices hosts a conference call to discuss its capital-allocation plans and update its outlook for fiscal 2021. The company recently closed its $21 billion acquisition of Maxim Integrated Products.</p><p><blockquote>ADI公司召开电话会议，讨论其资本配置计划并更新2021财年展望。该公司最近完成了对Maxim Integrated Products的210亿美元收购。</blockquote></p><p> Global Payments, Johnson Controls International, and ResMed hold virtual investor days.</p><p><blockquote>Global Payments、江森自控国际和ResMed举办虚拟投资者日。</blockquote></p><p> The Bureau of Labor Statistics releases the Job Openings and Labor Turnover Survey. Consensus estimate is for 10 million job openings on the last business day of July. In June, there were 10.1 million openings, the fourth consecutive monthly record.</p><p><blockquote>劳工统计局发布职位空缺和劳动力流动调查。普遍估计7月最后一个工作日将有1000万个职位空缺。6月份，有1010万个职位空缺，连续第四个月创下纪录。</blockquote></p><p> The Federal Reserve reports consumer credit data for July. Total outstanding consumer debt increased by $37.7 billion to a record $4.32 trillion in June. For the second quarter, consumer credit rose at a seasonally adjusted annual rate of 8.8%, reflecting pent-up demand.</p><p><blockquote>美联储公布7月份消费者信贷数据。6月份未偿消费者债务总额增加377亿美元，达到创纪录的4.32万亿美元。第二季度，消费信贷经季节调整后的年率增长8.8%，反映了被压抑的需求。</blockquote></p><p> The Federal Reserve releases the beige book for the sixth of eight times this year. The report summarizes current economic conditions among the 12 Federal Reserve districts.</p><p><blockquote>美联储今年八次发布褐皮书中的第六次。该报告总结了12个美联储地区当前的经济状况。</blockquote></p><p> <b>Thursday 9/9</b></p><p><blockquote><b>星期四9/9</b></blockquote></p><p> Home Depot hosts a conference call to discuss its ESG strategy, led by Ron Jarvis, the company’s chief sustainability officer.</p><p><blockquote>家得宝召开电话会议讨论其ESG战略，由公司首席可持续发展官Ron Jarvis主持。</blockquote></p><p> Moderna hosts its fifth annual R&amp;D day to discuss vaccines in the company’s pipeline. CEO Stéphane Bancel will be among the presenters.</p><p><blockquote>Moderna举办第五届年度研发日，讨论公司在研疫苗。首席执行官Stéphane Bancel将是演讲者之一。</blockquote></p><p> Danaher holds an investor and analyst meeting, hosted by its CEO Rainer Blair.</p><p><blockquote>丹纳赫召开投资者和分析师会议，由首席执行官Rainer Blair主持。</blockquote></p><p> International Paper, Synchrony Financial, and Willis Towers Watson hold investor days.</p><p><blockquote>国际纸业、同步金融和威利斯韬睿惠悦举办投资者日。</blockquote></p><p> The European Central Bank announces its monetary-policy decision. The ECB is expected to keep its key interest rate unchanged at minus 0.5%.</p><p><blockquote>欧洲中央银行宣布其货币政策决定。预计欧洲央行将维持关键利率在负0.5%不变。</blockquote></p><p> The Department of Labor reports initial jobless claims for the week ending on Sept. 4. In August, claims averaged 355,000 a week, the lowest since the pandemic’s onset. This will also be the last week that the extra $300 from federal enhanced unemployment benefits is available. They are set to expire by Sept. 6.</p><p><blockquote>劳工部报告了截至9月4日当周的首次申请失业救济人数。8月份，平均每周申请失业救济人数为35.5万人，为疫情爆发以来的最低水平。这也将是联邦强化失业救济金额外发放300美元的最后一周。它们将于9月6日到期。</blockquote></p><p> <b>Friday 9/10</b></p><p><blockquote><b>星期五9/10</b></blockquote></p><p> The BLS reports the producer price index for August. Economists forecast a 0.6% monthly rise along with a 0.5% increase for the core PPI, which excludes volatile food and energy prices. Both jumped 1% in July.</p><p><blockquote>BLS报告8月份生产者价格指数。经济学家预测核心生产者价格指数（不包括波动较大的食品和能源价格）月度上涨0.6%，核心生产者价格指数将上涨0.5%。7月份两者均上涨1%。</blockquote></p><p> Kroger holds a conference calls to discuss earnings.</p><p><blockquote>克罗格评级召开会议讨论收益。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/gamestop-moderna-home-depot-kroger-and-other-stocks-for-investors-to-watch-this-week-51630853023?mod=hp_LATEST\">Barrons</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index","KR":"克罗格","HD":"家得宝","MRNA":"Moderna, Inc.","GME":"游戏驿站",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://www.barrons.com/articles/gamestop-moderna-home-depot-kroger-and-other-stocks-for-investors-to-watch-this-week-51630853023?mod=hp_LATEST","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1143325200","content_text":"U.S. stock and bond markets are closed on Monday for Labor Day. The holiday-shortened week then features several notable company updates and economic data releases.\nGameStop and Lululemon Athletica release quarterly results on Wednesday, followed by International Paper on Thursday and Kroger on Friday. Analog Devices—fresh off of its $21 billion acquisition of Maxim Integrated Products—will host an investor day on Wednesday. Moderna, Danaher, and Home Depot managements will also speak with investors on Thursday. Finally, Albemarle hosts an investor day on Friday.\nThe economic data highlight of the week will be Friday’s August producer price index from the Bureau of Labor Statistics. Economists’ consensus estimate is for a 0.6% monthly rise in the headline index, and a 0.5% increase for the core PPI—which leaves out more volatile food and energy prices. Both the core and headline indexes rose 1% in July. The August consumer price index will be out the following week, on Sept. 14.\nOn Tuesday, the Federal Reserve will release its latest beige book, full of updates on economic, hiring, and business conditions in each of the dozen central bank districts. The European Central Bank also announces a monetary-policy decision on Thursday, but is widely expected to hold its target interest rate at its current level of negative 0.5%.\nMonday 9/6\nStock and fixed-income markets are closed in observance of Labor Day.\nTuesday 9/7\nCasey’s General Stores and Coupa Software announce earnings.\nWednesday 9/8\nCopart, GameStop, and Lululemon Athletica release quarterly results.\nAnalog Devices hosts a conference call to discuss its capital-allocation plans and update its outlook for fiscal 2021. The company recently closed its $21 billion acquisition of Maxim Integrated Products.\nGlobal Payments, Johnson Controls International, and ResMed hold virtual investor days.\nThe Bureau of Labor Statistics releases the Job Openings and Labor Turnover Survey. Consensus estimate is for 10 million job openings on the last business day of July. In June, there were 10.1 million openings, the fourth consecutive monthly record.\nThe Federal Reserve reports consumer credit data for July. Total outstanding consumer debt increased by $37.7 billion to a record $4.32 trillion in June. For the second quarter, consumer credit rose at a seasonally adjusted annual rate of 8.8%, reflecting pent-up demand.\nThe Federal Reserve releases the beige book for the sixth of eight times this year. The report summarizes current economic conditions among the 12 Federal Reserve districts.\nThursday 9/9\nHome Depot hosts a conference call to discuss its ESG strategy, led by Ron Jarvis, the company’s chief sustainability officer.\nModerna hosts its fifth annual R&D day to discuss vaccines in the company’s pipeline. CEO Stéphane Bancel will be among the presenters.\nDanaher holds an investor and analyst meeting, hosted by its CEO Rainer Blair.\nInternational Paper, Synchrony Financial, and Willis Towers Watson hold investor days.\nThe European Central Bank announces its monetary-policy decision. The ECB is expected to keep its key interest rate unchanged at minus 0.5%.\nThe Department of Labor reports initial jobless claims for the week ending on Sept. 4. In August, claims averaged 355,000 a week, the lowest since the pandemic’s onset. This will also be the last week that the extra $300 from federal enhanced unemployment benefits is available. They are set to expire by Sept. 6.\nFriday 9/10\nThe BLS reports the producer price index for August. Economists forecast a 0.6% monthly rise along with a 0.5% increase for the core PPI, which excludes volatile food and energy prices. Both jumped 1% in July.\nKroger holds a conference calls to discuss earnings.","news_type":1,"symbols_score_info":{"MRNA":0.9,".DJI":0.9,"KR":0.9,".SPX":0.9,"HD":0.9,"GME":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":643,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":823153595,"gmtCreate":1633604876478,"gmtModify":1633604877957,"author":{"id":"3568070265339857","authorId":"3568070265339857","name":"LohYK","avatar":"https://static.tigerbbs.com/d6add0343094f5e965e831fa432314ef","crmLevel":13,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3568070265339857","authorIdStr":"3568070265339857"},"themes":[],"htmlText":"Well, we wait to see. Right now there seems to be signs of reversal from the Sep/Oct&nbsp;correction.&nbsp;","listText":"Well, we wait to see. Right now there seems to be signs of reversal from the Sep/Oct&nbsp;correction.&nbsp;","text":"Well, we wait to see. Right now there seems to be signs of reversal from the Sep/Oct correction.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":11,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/823153595","repostId":"1152020493","repostType":4,"isVote":1,"tweetType":1,"viewCount":2721,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":817451381,"gmtCreate":1630982575243,"gmtModify":1631883666482,"author":{"id":"3568070265339857","authorId":"3568070265339857","name":"LohYK","avatar":"https://static.tigerbbs.com/d6add0343094f5e965e831fa432314ef","crmLevel":13,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3568070265339857","authorIdStr":"3568070265339857"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AIY.SI\">$IFAST CORPORATION LTD.(AIY.SI)$</a>9 dollar should be broken today or tomorrow","listText":"<a href=\"https://laohu8.com/S/AIY.SI\">$IFAST CORPORATION LTD.(AIY.SI)$</a>9 dollar should be broken today or tomorrow","text":"$IFAST CORPORATION LTD.(AIY.SI)$9 dollar should be broken today or tomorrow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/817451381","isVote":1,"tweetType":1,"viewCount":1334,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":177188034,"gmtCreate":1627186693728,"gmtModify":1633767320551,"author":{"id":"3568070265339857","authorId":"3568070265339857","name":"LohYK","avatar":"https://static.tigerbbs.com/d6add0343094f5e965e831fa432314ef","crmLevel":13,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3568070265339857","authorIdStr":"3568070265339857"},"themes":[],"htmlText":"Likely will be but a smaller scale","listText":"Likely will be but a smaller scale","text":"Likely will be but a smaller scale","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/177188034","repostId":"1112927800","repostType":2,"repost":{"id":"1112927800","kind":"news","pubTimestamp":1627089375,"share":"https://www.laohu8.com/m/news/1112927800?lang=zh_CN&edition=full","pubTime":"2021-07-24 09:16","market":"us","language":"en","title":"Will NIO Stock Follow Tesla's Footsteps? What To Consider Between These Two EV Stocks<blockquote>蔚来股票会追随特斯拉的脚步吗？这两只电动汽车股票之间需要考虑什么</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1112927800","media":"seekingalpha","summary":"Let's take a look at how NIO compares to Tesla today, NIO's unique selling points, and the similarities between the two companies.NIO is a high-growth choice that does not seem overly expensive relative to how Tesla is valued.NIO is not a low-risk stock, however, and it may not be a good choice for everyone. Investors should also consider NIO's valuation versus legacy car companies.Both companies have benefitted from growing interest in EVs during 2020, a trend that saw share prices of most EV p","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Let's take a look at how NIO compares to Tesla today, NIO's unique selling points, and the similarities between the two companies.</li>  <li>NIO is a high-growth choice that does not seem overly expensive relative to how Tesla is valued.</li>  <li>NIO is not a low-risk stock, however, and it may not be a good choice for everyone. Investors should also consider NIO's valuation versus legacy car companies.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2f749c70c8a2af3e18d5f6cecc72bfbb\" tg-width=\"1536\" tg-height=\"704\" referrerpolicy=\"no-referrer\"><span>ipopba/iStock via Getty Images</span></p><p><blockquote><ul><li>让我们来看看今天的蔚来与特斯拉相比如何，蔚来的独特卖点，以及两家公司的相似之处。</li><li>蔚来是一个高增长的选择，相对于特斯拉的估值，它似乎并不太昂贵。</li><li>然而，蔚来并不是一只低风险股票，它可能并不是每个人的好选择。投资者还应该考虑蔚来与传统汽车公司的估值。</li></ul><p class=\"t-img-caption\"><span>ipopba/iStock来自Getty Images</span></p></blockquote></p><p> <b>Article Thesis</b></p><p><blockquote><b>文章论文</b></blockquote></p><p> NIO, Inc. (NIO) is one of China's leading EV players, and has, through an attractive brand and its unique BaaS offering, attracted a lot of interest from consumers and investors. Today, however, the company is still way smaller than Tesla (TSLA), which is currently leading the global EV market. NIO is focused on its home market right now, which was true when Tesla was a smaller company as well, but NIO will try to grab market share in overseas markets as well. Shares are pricing in a lot of growth already, but if NIO can replicate Tesla's success, that could be more than justified.</p><p><blockquote>蔚来公司（蔚来）是中国领先的电动汽车制造商之一，通过其有吸引力的品牌和独特的BaaS产品吸引了消费者和投资者的极大兴趣。然而，如今，该公司仍然比目前引领全球电动汽车市场的特斯拉（TSLA）小得多。蔚来目前专注于国内市场，当特斯拉还是一家较小的公司时也是如此，但蔚来也将试图在海外市场抢占市场份额。股价已经反映了很大的增长，但如果蔚来能够复制特斯拉的成功，这可能是非常合理的。</blockquote></p><p> <b>NIO And TSLA Stock Prices</b></p><p><blockquote><b>蔚来和特斯拉股价</b></blockquote></p><p> Both companies have benefitted from growing interest in EVs during 2020, a trend that saw share prices of most EV pureplays rise rapidly. The combination of growing market share for EVs, accommodating policies such as subsidies for EV purchases, and massive monetary stimulus let shares of NIO and TSLA rise rapidly. NIO is up 245% over the last year, while TSLA is up 101% over the same time. Both companies are currently trading below their all-time highs, however, which were hit in early 2021 before market sentiment for EV pureplays cooled to some degree.</p><p><blockquote>2020年，两家公司都受益于人们对电动汽车日益增长的兴趣，这一趋势导致大多数纯电动汽车公司的股价迅速上涨。电动汽车市场份额不断增长、电动汽车购买补贴等宽松政策以及大规模货币刺激措施相结合，让蔚来和特斯拉的股价迅速上涨。蔚来去年上涨了245%，而特斯拉同期上涨了101%。然而，两家公司目前的交易价格均低于2021年初创下的历史高点，随后纯电动汽车的市场情绪在一定程度上降温。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5ff5ce865807df85283775d2293b41af\" tg-width=\"635\" tg-height=\"481\" referrerpolicy=\"no-referrer\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> Taking a quick look at analyst price targets, we see that Tesla is trading almost perfectly in line with the consensus, whereas NIO trades about 30% below the analyst target. If the analyst community is right, then NIO is a substantially better investment right here, as Tesla is not expected to see its shares rise meaningfully over the next year, whereas NIO has significant upside to the analyst price target.</p><p><blockquote>快速浏览一下分析师的目标价，我们发现特斯拉的交易价格几乎完全符合共识，而蔚来的交易价格比分析师目标低约30%。如果分析师界是正确的，那么蔚来是一项更好的投资，因为预计特斯拉的股价明年不会大幅上涨，而蔚来的股价较分析师目标价有显着上涨空间。</blockquote></p><p> <b>Is NIO Similar To Tesla?</b></p><p><blockquote><b>蔚来和特斯拉相似吗？</b></blockquote></p><p> The answer to that question depends on what you focus on. There are similarities between the two companies, but there are also differences. One could thus say that, in some ways, the two are similar, but in others, they are not. Let's look at a couple of things:</p><p><blockquote>这个问题的答案取决于你关注的是什么。两家公司有相似之处，但也有不同之处。因此，人们可以说，在某些方面，两者是相似的，但在另一些方面，它们不是。让我们看几件事：</blockquote></p><p> <b>Business Model</b></p><p><blockquote><b>商业模式</b></blockquote></p><p> Both companies are focused on the EV space, although Tesla has, over the years, been building out a couple of other businesses as well, such as energy storage. Most of Tesla's revenues are generated through selling electric vehicles, which is also how NIO operates. Both companies are focused on the premium segment of EVs, selling higher-priced vehicles that compete with brands such as BMW, Mercedes, and Lexus. Both companies offer a small range of different vehicles, in Tesla's case those are the well-known S, X, 3, and Y, whereas NIO offers a sedan (ET7), and three SUVs (EC6, ES6, ES8). Despite the fact that NIO is a way smaller company today, the model lineups of the two companies do thus not differ too much.</p><p><blockquote>两家公司都专注于电动汽车领域，尽管特斯拉多年来也在发展其他一些业务，例如储能。特斯拉的大部分收入来自销售电动汽车，这也是蔚来的运营方式。两家公司都专注于电动汽车的高端市场，销售价格较高的汽车，与宝马、梅赛德斯和雷克萨斯等品牌竞争。两家公司都提供少量不同的车辆，特斯拉是著名的S、X、3和Y，而蔚来则提供一款轿车(ET7)和三款SUV(EC6、ES6、ES8)。尽管蔚来如今是一家规模较小的公司，但两家公司的车型阵容并没有太大差异。</blockquote></p><p> Both companies offer some type of charging infrastructure to their customers, in Tesla's case, that's the Supercharger network, where Tesla owners can charge their cars with up to 250kW, depending on what version of Supercharger is installed. NIO is following a different approach, offering a battery-as-a-service solution to its customers. NIO owners can get their battery switched out to a fully-charged battery at NIO's stations, a process that takes a couple of minutes and is thus significantly quicker compared to the regular EV charging offered by Tesla and other EV players. BaaS thus has advantages when it comes to the time it takes for a charge/swap, but it should be noted that Tesla's Superchargers are way more common around the world compared to NIO's battery-swapping stations. Rolling out that feature in additional markets will require large capital expenditures, but NIO's offering is a unique selling point compared to what all other EV players, including Tesla, are offering. It remains to be seen whether that will ultimately pay off, but this could become a major advantage for NIO as competition in the EV space is heating up.</p><p><blockquote>两家公司都向客户提供某种类型的充电基础设施，就特斯拉而言，这就是Supercharger网络，特斯拉车主可以根据安装的Supercharger版本为汽车充电高达250kW。蔚来正在采取不同的方法，为客户提供电池即服务解决方案。蔚来车主可以在蔚来的充电站将电池更换为充满电的电池，这一过程需要几分钟，因此与特斯拉和其他电动汽车厂商提供的常规电动汽车充电相比要快得多。因此，BaaS在充电/交换所需时间方面具有优势，但应该指出的是，与蔚来的电池交换站相比，特斯拉的超级充电站在世界各地更为常见。在其他市场推出该功能将需要大量资本支出，但与包括特斯拉在内的所有其他电动汽车厂商相比，蔚来的产品是一个独特的卖点。这最终是否会得到回报还有待观察，但随着电动汽车领域的竞争加剧，这可能成为蔚来的一大优势。</blockquote></p><p> <b>Size, growth, and valuation</b></p><p><blockquote><b>规模、增长和估值</b></blockquote></p><p></p><p> The two companies differ significantly in size, both when it comes to revenues and vehicle sales, as well as when it comes to the market value of the two companies. NIO has delivered22,000 vehicles in Q2, up 112% year over year, for an annual pace of around 90,000 vehicles. Tesla, meanwhile, has delivered 201,000 vehicles during Q2, up from 103,000 vehicles delivered during Q2 2020. This is strong growth on a year-over-year basis, although slightly below 100%, and thus below the growth rate that NIO is generating for now.</p><p><blockquote>这两家公司的规模差异很大，无论是在收入和汽车销量方面，还是在两家公司的市值方面。蔚来第二季度交付了22,000辆汽车，同比增长112%，年增长率约为90,000辆。与此同时，特斯拉在第二季度交付了201,000辆汽车，高于2020年第二季度的103,000辆汽车。这是一个强劲的同比增长，尽管略低于100%，因此低于蔚来目前的增长率。</blockquote></p><p> Tesla delivers around 9x as many vehicles compared to NIO per quarter, when we look at the market capitalizations of the two companies, we see that the ratio is almost exactly the same, as Tesla's market cap of $640 billion is ~9x as high as that of NIO, at $72 billion. At similar growth rates, that would make perfect sense, but it looks like NIO might be the better deal for now, as it trades at a comparable valuation while generating better growth. This will be especially true in the coming quarters, where Tesla's growth is expected to slow down:</p><p><blockquote>与蔚来相比，特斯拉每季度交付的汽车数量约为9倍，当我们查看两家公司的市值时，我们发现这一比例几乎完全相同，因为特斯拉6400亿美元的市值约为9倍。蔚来的市值为720亿美元。在类似的增长率下，这是完全有道理的，但目前看来蔚来可能是更好的交易，因为它的估值相当，同时产生更好的增长。在未来几个季度尤其如此，预计特斯拉的增长将放缓：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a986ea65130206f99961a46ce6cfed55\" tg-width=\"635\" tg-height=\"515\" referrerpolicy=\"no-referrer\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> Tesla is forecasted to grow its revenue from $49 billion in 2021 to $83 billion in 2023, for an annual growth rate of 30%. NIO, meanwhile, is expected to see its revenue explode upwards from $5.4 billion to $12.8 billion between 2021 and 2023, for an annual growth rate of 54%. NIO is thus expected to grow way faster than Tesla over the next two years, on a relative basis. This shouldn't be a surprise, to be honest, as the law of large numbers dictates that maintaining massive growth rates becomes increasingly hard for a company the bigger it gets, and Tesla seems to have hit that point by now -- adding 50%+ a year to its top line will not be possible forever. This isn't even necessarily Tesla's fault, in fact, many high-quality growth companies have experienced the same. But investors should still consider this important fact -- Tesla's growth in coming years will be less exciting compared to what we have seen in the past, and peers, such as NIO, are growing faster.</p><p><blockquote>特斯拉的收入预计将从2021年的490亿美元增长到2023年的830亿美元，年增长率为30%。与此同时，蔚来的收入预计将在2021年至2023年间从54亿美元猛增至128亿美元，年增长率为54%。因此，相对而言，预计未来两年蔚来的增长速度将远远快于特斯拉。老实说，这并不奇怪，因为大数定律表明，对于一家规模越大的公司来说，保持大幅增长率就变得越来越困难，而特斯拉现在似乎已经达到了这一点——每年增加50%以上的收入将永远不可能。这甚至不一定是特斯拉的错，事实上，许多优质成长型公司都经历过同样的事情。但投资者仍应考虑这一重要事实——与我们过去看到的相比，特斯拉未来几年的增长将不那么令人兴奋，而蔚来等同行的增长速度更快。</blockquote></p><p> The same holds true when we take a longer-term view. Revenue estimates for 2025 rest at$22.6 billionfor NIO, up another 80% from the 2023 estimate, and up 320% from what analysts are forecasting for 2021. Tesla, meanwhile, is forecasted to generate revenues of $122.5 billion in 2025 -- a large number, but up by a comparatively weak 48% from 2023, and up by a total of 150% versus 2021. Between 2021 and 2025, NIO will thus 4x its revenue, while Tesla will 2.5x its revenue in the same time span -- a meaningful difference that should, all else equal, allow for a premium valuation for NIO, in the same way Tesla deserves a premium valuation versus legacy players such as Volkswagen (OTCPK:VWAGY).</p><p><blockquote>当我们从长远来看时，情况也是如此。蔚来2025年的收入预期为226亿美元，比2023年的预期再增长80%，比分析师对2021年的预测增长320%。与此同时，特斯拉预计2025年的收入将达到1,225亿美元，这是一个很大的数字，但比2023年增长了48%，比2021年总共增长了150%。因此，在2021年至2025年间，蔚来的收入将增加4倍，而特斯拉的收入将在同一时期增加2.5倍——在其他条件相同的情况下，这是一个有意义的差异，应该允许蔚来获得溢价估值，就像特斯拉一样。与大众汽车（OTCPK：VWAGY）等传统企业相比，它值得获得溢价估值。</blockquote></p><p> Looking at revenue estimates for 2025 relative to how the two companies are valued today, we see that NIO trades at 3.2x 2025 sales, while the 2025 sales multiple for Tesla is 5.2. For a long-term oriented investor, NIO thus seems like the better value today, thanks to the fact that it is trading at a significantly lower sales multiple when we take a look into the future. This does not necessarily mean that NIO is cheap, however, as even a 3.2x 2025 sales multiple is relatively high compared to how legacy auto companies are valued. NIO is looking less expensive than Tesla, however, even if its shares are not cheap on an absolute basis.</p><p><blockquote>相对于两家公司目前的估值来看2025年的收入预期，我们发现蔚来的市盈率为2025年销售额的3.2倍，而特斯拉2025年的销售额倍数为5.2倍。因此，对于长期投资者来说，蔚来今天似乎更有价值，因为当我们展望未来时，它的销售倍数要低得多。然而，这并不一定意味着蔚来很便宜，因为与传统汽车公司的估值相比，即使2025年3.2倍的销售倍数也相对较高。然而，蔚来看起来比特斯拉便宜，尽管其股价绝对并不便宜。</blockquote></p><p> <b>Can NIO Be Worth As Much As Tesla?</b></p><p><blockquote><b>蔚来能和特斯拉一样值钱吗？</b></blockquote></p><p> The answer to that depends on what time frame you are looking at. Today, NIO is significantly smaller than Tesla and thus rightfully trades at a way smaller market cap. It should also be noted that there is no guarantee that Tesla's shares are a great example of how an EV company should be valued -- it is, at least, possible that its shares are significantly&nbsp;overpriced&nbsp;today, I personally believe that as well (Note that some will argue that shares are&nbsp;underpriced, which is also among the possibilities, although I do not hold that belief personally).</p><p><blockquote>这个问题的答案取决于你所关注的时间框架。如今，蔚来的规模明显小于特斯拉，因此其市值也相应地小得多。还应该指出的是，不能保证特斯拉的股票是电动汽车公司应该如何估值的一个很好的例子——至少，它的股票今天有可能被严重高估，我个人也相信这一点（请注意，有些人会认为股票定价过低，这也是一种可能性，尽管我个人并不持有这种信念）。</blockquote></p><p></p><p> When we do, for a moment, assume that Tesla is correctly valued today and that EV companies do deserve a market cap in the $600 billion range when they sell about 800,000 vehicles a year, then NIO could eventually hit that as well, although not in the near term. NIO will sell about 90,000 vehicles this year, and that amount should grow to about 400,000 in 2025. If NIO were to grow its sales by 15% a year beyond that point, it could sell around 800,000 cars in 2030, or 9 years from now. If one wants to assume faster growth, the 800,000 vehicles a year line could also be crossed before 2030, e.g. in 2028 or 2029. If we do go with 2030 for now, then NIO could, at a similar deliveries-to-market capitalization ratio to Tesla, be valued at $600+ billion in 2030. In other words, NIO could be worth as much as Tesla (today) in nine years, when we assume that current growth projections are realistic and that a Tesla-like valuation is appropriate. Those are two major ifs, of course, and especially the second point is far from certain, I believe. I personally would not be too surprised to see Tesla's valuation compress, and thus NIO could trade well below the $600 billion market cap level in 2030, even if it continues to grow meaningfully. It is also possible that NIO's growth disappoints and that current projections are too bullish, although I think that NIO is well-positioned for growth thanks to its unique BaaS model and its strong brand that is especially well-recognized in its home market.</p><p><blockquote>当我们暂时假设特斯拉今天的估值是正确的，并且电动汽车公司每年销售约80万辆汽车时确实应该获得6000亿美元的市值时，那么蔚来最终也可能达到这一目标，尽管不是在近期。蔚来今年将销售约9万辆汽车，2025年这一数字将增长至约40万辆。如果蔚来的销量在此之后每年增长15%，那么到2030年（即9年后），它可能会售出约80万辆汽车。如果想要更快的增长，也可以在2030年之前跨越每年80万辆汽车的界限，例如2028年或2029年。如果我们现在确实选择2030年，那么按照与特斯拉类似的交付量与市值比率，蔚来到2030年的估值可能会超过6000亿美元。换句话说，如果我们假设当前的增长预测是现实的，并且类似特斯拉的估值是合适的，那么九年后蔚来的价值可能会与特斯拉（今天）一样高。当然，这是两个主要的如果，尤其是第二点，我认为还远未确定。我个人不会对特斯拉的估值压缩感到太惊讶，因此蔚来的市值在2030年可能远低于6000亿美元的水平，即使它继续大幅增长。蔚来的增长也有可能令人失望，目前的预测过于乐观，尽管我认为蔚来凭借其独特的BaaS模式和在国内市场特别受认可的强大品牌，处于良好的增长地位。</blockquote></p><p> It should also be noted that Tesla's market cap in 2030 could be very different from $600 billion, thus even in case NIO hits that level, it is not at all guaranteed that the two companies will have a similar market cap. Tesla might be valued at a way higher valuation by then, e.g. if the ARK model is right (something I personally think is unlikely). To answer the above question, one could thus say that NIO might be worth hundreds of billions of dollars, like Tesla, in 8-10 years, but that is not at all guaranteed. And even if that were to happen, Tesla might be worth significantly more by then.</p><p><blockquote>还应该指出的是，特斯拉2030年的市值可能与6000亿美元有很大不同，因此即使蔚来达到这一水平，也不能保证两家公司的市值会相似。到那时，特斯拉的估值可能会高得多，例如如果方舟模型是正确的（我个人认为不太可能）。为了回答上述问题，人们可以说，蔚来可能在8-10年内像特斯拉一样价值数千亿美元，但这根本不能保证。即使这种情况发生，到那时特斯拉的价值也可能会高得多。</blockquote></p><p> <b>Is NIO A Good Stock To Buy Or Sell Now?</b></p><p><blockquote><b>蔚来现在是买入或卖出的好股票吗？</b></blockquote></p><p> When considering NIO as an investment, it doesn't really matter all that much whether it will become as large or highly valued as Tesla eventually. Instead, investors should ask themselves what total returns they can expect over the next couple of years, and whether those expected returns are high enough relative to the risks in NIO's business model. Regarding those risks, one should mention the fact that the company isn't profitable yet, which means that NIO is dependent on cash on its balance sheet for growth investments. On top of that, competition in the EV space is growing, and market share battles could pressure margins in coming years, although NIO seems relatively well-positioned thanks to its battery-swapping, which is, I believe, a strong USP. Last but not least, the company's dependence on its home market China is a potential risk that should be kept in mind, although it should also be noted that, for now, it seems like the Chinese government is very accommodating to Chinese EV companies.</p><p><blockquote>当将蔚来视为一项投资时，它最终是否会变得像特斯拉一样庞大或估值很高并不重要。相反，投资者应该问自己，未来几年他们可以预期的总回报是多少，以及相对于蔚来商业模式的风险，这些预期回报是否足够高。关于这些风险，应该提到的事实是，该公司尚未盈利，这意味着蔚来依赖其资产负债表上的现金进行增长投资。最重要的是，电动汽车领域的竞争正在加剧，市场份额之争可能会在未来几年给利润率带来压力，尽管蔚来似乎由于其电池交换而处于相对有利的地位，我认为这是一个强大的USP。最后但并非最不重要的是，该公司对中国本土市场的依赖是一个应该牢记的潜在风险，尽管还应该指出的是，目前中国政府似乎对中国电动汽车公司非常包容。</blockquote></p><p> One could argue that valuations across the whole EV industry are too high, relative to how legacy auto companies are valued. Even those legacy players with attractive EV offerings such as Volkswagen or Ford trade at huge discounts compared to EV pureplays. But if one wants to invest in an EV pureplay, NIO doesn't seem like a bad choice. The company combines a strong brand, a unique BaaS offering, high growth rates, and shares trade at a discount compared to how the EV king Tesla is valued. At a little above 3x 2025 revenue, NIO does not seem overly expensive relative to other EV pureplays, although this still represents a premium versus legacy players, of course. If NIO manages to execute well and continues to roll out new models that are well-received by consumers, its shares could have significant upside potential in the long run. If EV stocks ever become an out-of-favor investment, NIO stock also could have considerable downside, however, this thus is not a low-risk pick. Depending on your risk tolerance, NIO could still be of value if you want a high-growth EV pureplay.</p><p><blockquote>有人可能会说，相对于传统汽车公司的估值，整个电动汽车行业的估值过高。与纯电动汽车相比，即使是大众汽车或福特等拥有有吸引力的电动汽车产品的传统企业，其交易也有巨大的折扣。但如果你想投资纯电动汽车，蔚来似乎是一个不错的选择。该公司结合了强大的品牌、独特的BaaS产品、高增长率，并且与电动汽车之王特斯拉的估值相比，股票交易价格有折扣。与其他纯电动汽车公司相比，蔚来2025年收入略高于3倍，似乎并不算太贵，当然，与传统公司相比，这仍然代表着溢价。如果蔚来能够表现良好并继续推出深受消费者欢迎的新车型，从长远来看，其股价可能具有巨大的上涨潜力。如果电动汽车股票成为不受欢迎的投资，蔚来股票也可能有相当大的下跌空间，然而，这并不是一个低风险的选择。根据您的风险承受能力，如果您想要高增长的纯电动汽车，蔚来仍然可能具有价值。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Will NIO Stock Follow Tesla's Footsteps? What To Consider Between These Two EV Stocks<blockquote>蔚来股票会追随特斯拉的脚步吗？这两只电动汽车股票之间需要考虑什么</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWill NIO Stock Follow Tesla's Footsteps? What To Consider Between These Two EV Stocks<blockquote>蔚来股票会追随特斯拉的脚步吗？这两只电动汽车股票之间需要考虑什么</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">seekingalpha</strong><span class=\"h-time small\">2021-07-24 09:16</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Let's take a look at how NIO compares to Tesla today, NIO's unique selling points, and the similarities between the two companies.</li>  <li>NIO is a high-growth choice that does not seem overly expensive relative to how Tesla is valued.</li>  <li>NIO is not a low-risk stock, however, and it may not be a good choice for everyone. Investors should also consider NIO's valuation versus legacy car companies.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2f749c70c8a2af3e18d5f6cecc72bfbb\" tg-width=\"1536\" tg-height=\"704\" referrerpolicy=\"no-referrer\"><span>ipopba/iStock via Getty Images</span></p><p><blockquote><ul><li>让我们来看看今天的蔚来与特斯拉相比如何，蔚来的独特卖点，以及两家公司的相似之处。</li><li>蔚来是一个高增长的选择，相对于特斯拉的估值，它似乎并不太昂贵。</li><li>然而，蔚来并不是一只低风险股票，它可能并不是每个人的好选择。投资者还应该考虑蔚来与传统汽车公司的估值。</li></ul><p class=\"t-img-caption\"><span>ipopba/iStock来自Getty Images</span></p></blockquote></p><p> <b>Article Thesis</b></p><p><blockquote><b>文章论文</b></blockquote></p><p> NIO, Inc. (NIO) is one of China's leading EV players, and has, through an attractive brand and its unique BaaS offering, attracted a lot of interest from consumers and investors. Today, however, the company is still way smaller than Tesla (TSLA), which is currently leading the global EV market. NIO is focused on its home market right now, which was true when Tesla was a smaller company as well, but NIO will try to grab market share in overseas markets as well. Shares are pricing in a lot of growth already, but if NIO can replicate Tesla's success, that could be more than justified.</p><p><blockquote>蔚来公司（蔚来）是中国领先的电动汽车制造商之一，通过其有吸引力的品牌和独特的BaaS产品吸引了消费者和投资者的极大兴趣。然而，如今，该公司仍然比目前引领全球电动汽车市场的特斯拉（TSLA）小得多。蔚来目前专注于国内市场，当特斯拉还是一家较小的公司时也是如此，但蔚来也将试图在海外市场抢占市场份额。股价已经反映了很大的增长，但如果蔚来能够复制特斯拉的成功，这可能是非常合理的。</blockquote></p><p> <b>NIO And TSLA Stock Prices</b></p><p><blockquote><b>蔚来和特斯拉股价</b></blockquote></p><p> Both companies have benefitted from growing interest in EVs during 2020, a trend that saw share prices of most EV pureplays rise rapidly. The combination of growing market share for EVs, accommodating policies such as subsidies for EV purchases, and massive monetary stimulus let shares of NIO and TSLA rise rapidly. NIO is up 245% over the last year, while TSLA is up 101% over the same time. Both companies are currently trading below their all-time highs, however, which were hit in early 2021 before market sentiment for EV pureplays cooled to some degree.</p><p><blockquote>2020年，两家公司都受益于人们对电动汽车日益增长的兴趣，这一趋势导致大多数纯电动汽车公司的股价迅速上涨。电动汽车市场份额不断增长、电动汽车购买补贴等宽松政策以及大规模货币刺激措施相结合，让蔚来和特斯拉的股价迅速上涨。蔚来去年上涨了245%，而特斯拉同期上涨了101%。然而，两家公司目前的交易价格均低于2021年初创下的历史高点，随后纯电动汽车的市场情绪在一定程度上降温。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5ff5ce865807df85283775d2293b41af\" tg-width=\"635\" tg-height=\"481\" referrerpolicy=\"no-referrer\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> Taking a quick look at analyst price targets, we see that Tesla is trading almost perfectly in line with the consensus, whereas NIO trades about 30% below the analyst target. If the analyst community is right, then NIO is a substantially better investment right here, as Tesla is not expected to see its shares rise meaningfully over the next year, whereas NIO has significant upside to the analyst price target.</p><p><blockquote>快速浏览一下分析师的目标价，我们发现特斯拉的交易价格几乎完全符合共识，而蔚来的交易价格比分析师目标低约30%。如果分析师界是正确的，那么蔚来是一项更好的投资，因为预计特斯拉的股价明年不会大幅上涨，而蔚来的股价较分析师目标价有显着上涨空间。</blockquote></p><p> <b>Is NIO Similar To Tesla?</b></p><p><blockquote><b>蔚来和特斯拉相似吗？</b></blockquote></p><p> The answer to that question depends on what you focus on. There are similarities between the two companies, but there are also differences. One could thus say that, in some ways, the two are similar, but in others, they are not. Let's look at a couple of things:</p><p><blockquote>这个问题的答案取决于你关注的是什么。两家公司有相似之处，但也有不同之处。因此，人们可以说，在某些方面，两者是相似的，但在另一些方面，它们不是。让我们看几件事：</blockquote></p><p> <b>Business Model</b></p><p><blockquote><b>商业模式</b></blockquote></p><p> Both companies are focused on the EV space, although Tesla has, over the years, been building out a couple of other businesses as well, such as energy storage. Most of Tesla's revenues are generated through selling electric vehicles, which is also how NIO operates. Both companies are focused on the premium segment of EVs, selling higher-priced vehicles that compete with brands such as BMW, Mercedes, and Lexus. Both companies offer a small range of different vehicles, in Tesla's case those are the well-known S, X, 3, and Y, whereas NIO offers a sedan (ET7), and three SUVs (EC6, ES6, ES8). Despite the fact that NIO is a way smaller company today, the model lineups of the two companies do thus not differ too much.</p><p><blockquote>两家公司都专注于电动汽车领域，尽管特斯拉多年来也在发展其他一些业务，例如储能。特斯拉的大部分收入来自销售电动汽车，这也是蔚来的运营方式。两家公司都专注于电动汽车的高端市场，销售价格较高的汽车，与宝马、梅赛德斯和雷克萨斯等品牌竞争。两家公司都提供少量不同的车辆，特斯拉是著名的S、X、3和Y，而蔚来则提供一款轿车(ET7)和三款SUV(EC6、ES6、ES8)。尽管蔚来如今是一家规模较小的公司，但两家公司的车型阵容并没有太大差异。</blockquote></p><p> Both companies offer some type of charging infrastructure to their customers, in Tesla's case, that's the Supercharger network, where Tesla owners can charge their cars with up to 250kW, depending on what version of Supercharger is installed. NIO is following a different approach, offering a battery-as-a-service solution to its customers. NIO owners can get their battery switched out to a fully-charged battery at NIO's stations, a process that takes a couple of minutes and is thus significantly quicker compared to the regular EV charging offered by Tesla and other EV players. BaaS thus has advantages when it comes to the time it takes for a charge/swap, but it should be noted that Tesla's Superchargers are way more common around the world compared to NIO's battery-swapping stations. Rolling out that feature in additional markets will require large capital expenditures, but NIO's offering is a unique selling point compared to what all other EV players, including Tesla, are offering. It remains to be seen whether that will ultimately pay off, but this could become a major advantage for NIO as competition in the EV space is heating up.</p><p><blockquote>两家公司都向客户提供某种类型的充电基础设施，就特斯拉而言，这就是Supercharger网络，特斯拉车主可以根据安装的Supercharger版本为汽车充电高达250kW。蔚来正在采取不同的方法，为客户提供电池即服务解决方案。蔚来车主可以在蔚来的充电站将电池更换为充满电的电池，这一过程需要几分钟，因此与特斯拉和其他电动汽车厂商提供的常规电动汽车充电相比要快得多。因此，BaaS在充电/交换所需时间方面具有优势，但应该指出的是，与蔚来的电池交换站相比，特斯拉的超级充电站在世界各地更为常见。在其他市场推出该功能将需要大量资本支出，但与包括特斯拉在内的所有其他电动汽车厂商相比，蔚来的产品是一个独特的卖点。这最终是否会得到回报还有待观察，但随着电动汽车领域的竞争加剧，这可能成为蔚来的一大优势。</blockquote></p><p> <b>Size, growth, and valuation</b></p><p><blockquote><b>规模、增长和估值</b></blockquote></p><p></p><p> The two companies differ significantly in size, both when it comes to revenues and vehicle sales, as well as when it comes to the market value of the two companies. NIO has delivered22,000 vehicles in Q2, up 112% year over year, for an annual pace of around 90,000 vehicles. Tesla, meanwhile, has delivered 201,000 vehicles during Q2, up from 103,000 vehicles delivered during Q2 2020. This is strong growth on a year-over-year basis, although slightly below 100%, and thus below the growth rate that NIO is generating for now.</p><p><blockquote>这两家公司的规模差异很大，无论是在收入和汽车销量方面，还是在两家公司的市值方面。蔚来第二季度交付了22,000辆汽车，同比增长112%，年增长率约为90,000辆。与此同时，特斯拉在第二季度交付了201,000辆汽车，高于2020年第二季度的103,000辆汽车。这是一个强劲的同比增长，尽管略低于100%，因此低于蔚来目前的增长率。</blockquote></p><p> Tesla delivers around 9x as many vehicles compared to NIO per quarter, when we look at the market capitalizations of the two companies, we see that the ratio is almost exactly the same, as Tesla's market cap of $640 billion is ~9x as high as that of NIO, at $72 billion. At similar growth rates, that would make perfect sense, but it looks like NIO might be the better deal for now, as it trades at a comparable valuation while generating better growth. This will be especially true in the coming quarters, where Tesla's growth is expected to slow down:</p><p><blockquote>与蔚来相比，特斯拉每季度交付的汽车数量约为9倍，当我们查看两家公司的市值时，我们发现这一比例几乎完全相同，因为特斯拉6400亿美元的市值约为9倍。蔚来的市值为720亿美元。在类似的增长率下，这是完全有道理的，但目前看来蔚来可能是更好的交易，因为它的估值相当，同时产生更好的增长。在未来几个季度尤其如此，预计特斯拉的增长将放缓：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a986ea65130206f99961a46ce6cfed55\" tg-width=\"635\" tg-height=\"515\" referrerpolicy=\"no-referrer\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> Tesla is forecasted to grow its revenue from $49 billion in 2021 to $83 billion in 2023, for an annual growth rate of 30%. NIO, meanwhile, is expected to see its revenue explode upwards from $5.4 billion to $12.8 billion between 2021 and 2023, for an annual growth rate of 54%. NIO is thus expected to grow way faster than Tesla over the next two years, on a relative basis. This shouldn't be a surprise, to be honest, as the law of large numbers dictates that maintaining massive growth rates becomes increasingly hard for a company the bigger it gets, and Tesla seems to have hit that point by now -- adding 50%+ a year to its top line will not be possible forever. This isn't even necessarily Tesla's fault, in fact, many high-quality growth companies have experienced the same. But investors should still consider this important fact -- Tesla's growth in coming years will be less exciting compared to what we have seen in the past, and peers, such as NIO, are growing faster.</p><p><blockquote>特斯拉的收入预计将从2021年的490亿美元增长到2023年的830亿美元，年增长率为30%。与此同时，蔚来的收入预计将在2021年至2023年间从54亿美元猛增至128亿美元，年增长率为54%。因此，相对而言，预计未来两年蔚来的增长速度将远远快于特斯拉。老实说，这并不奇怪，因为大数定律表明，对于一家规模越大的公司来说，保持大幅增长率就变得越来越困难，而特斯拉现在似乎已经达到了这一点——每年增加50%以上的收入将永远不可能。这甚至不一定是特斯拉的错，事实上，许多优质成长型公司都经历过同样的事情。但投资者仍应考虑这一重要事实——与我们过去看到的相比，特斯拉未来几年的增长将不那么令人兴奋，而蔚来等同行的增长速度更快。</blockquote></p><p> The same holds true when we take a longer-term view. Revenue estimates for 2025 rest at$22.6 billionfor NIO, up another 80% from the 2023 estimate, and up 320% from what analysts are forecasting for 2021. Tesla, meanwhile, is forecasted to generate revenues of $122.5 billion in 2025 -- a large number, but up by a comparatively weak 48% from 2023, and up by a total of 150% versus 2021. Between 2021 and 2025, NIO will thus 4x its revenue, while Tesla will 2.5x its revenue in the same time span -- a meaningful difference that should, all else equal, allow for a premium valuation for NIO, in the same way Tesla deserves a premium valuation versus legacy players such as Volkswagen (OTCPK:VWAGY).</p><p><blockquote>当我们从长远来看时，情况也是如此。蔚来2025年的收入预期为226亿美元，比2023年的预期再增长80%，比分析师对2021年的预测增长320%。与此同时，特斯拉预计2025年的收入将达到1,225亿美元，这是一个很大的数字，但比2023年增长了48%，比2021年总共增长了150%。因此，在2021年至2025年间，蔚来的收入将增加4倍，而特斯拉的收入将在同一时期增加2.5倍——在其他条件相同的情况下，这是一个有意义的差异，应该允许蔚来获得溢价估值，就像特斯拉一样。与大众汽车（OTCPK：VWAGY）等传统企业相比，它值得获得溢价估值。</blockquote></p><p> Looking at revenue estimates for 2025 relative to how the two companies are valued today, we see that NIO trades at 3.2x 2025 sales, while the 2025 sales multiple for Tesla is 5.2. For a long-term oriented investor, NIO thus seems like the better value today, thanks to the fact that it is trading at a significantly lower sales multiple when we take a look into the future. This does not necessarily mean that NIO is cheap, however, as even a 3.2x 2025 sales multiple is relatively high compared to how legacy auto companies are valued. NIO is looking less expensive than Tesla, however, even if its shares are not cheap on an absolute basis.</p><p><blockquote>相对于两家公司目前的估值来看2025年的收入预期，我们发现蔚来的市盈率为2025年销售额的3.2倍，而特斯拉2025年的销售额倍数为5.2倍。因此，对于长期投资者来说，蔚来今天似乎更有价值，因为当我们展望未来时，它的销售倍数要低得多。然而，这并不一定意味着蔚来很便宜，因为与传统汽车公司的估值相比，即使2025年3.2倍的销售倍数也相对较高。然而，蔚来看起来比特斯拉便宜，尽管其股价绝对并不便宜。</blockquote></p><p> <b>Can NIO Be Worth As Much As Tesla?</b></p><p><blockquote><b>蔚来能和特斯拉一样值钱吗？</b></blockquote></p><p> The answer to that depends on what time frame you are looking at. Today, NIO is significantly smaller than Tesla and thus rightfully trades at a way smaller market cap. It should also be noted that there is no guarantee that Tesla's shares are a great example of how an EV company should be valued -- it is, at least, possible that its shares are significantly&nbsp;overpriced&nbsp;today, I personally believe that as well (Note that some will argue that shares are&nbsp;underpriced, which is also among the possibilities, although I do not hold that belief personally).</p><p><blockquote>这个问题的答案取决于你所关注的时间框架。如今，蔚来的规模明显小于特斯拉，因此其市值也相应地小得多。还应该指出的是，不能保证特斯拉的股票是电动汽车公司应该如何估值的一个很好的例子——至少，它的股票今天有可能被严重高估，我个人也相信这一点（请注意，有些人会认为股票定价过低，这也是一种可能性，尽管我个人并不持有这种信念）。</blockquote></p><p></p><p> When we do, for a moment, assume that Tesla is correctly valued today and that EV companies do deserve a market cap in the $600 billion range when they sell about 800,000 vehicles a year, then NIO could eventually hit that as well, although not in the near term. NIO will sell about 90,000 vehicles this year, and that amount should grow to about 400,000 in 2025. If NIO were to grow its sales by 15% a year beyond that point, it could sell around 800,000 cars in 2030, or 9 years from now. If one wants to assume faster growth, the 800,000 vehicles a year line could also be crossed before 2030, e.g. in 2028 or 2029. If we do go with 2030 for now, then NIO could, at a similar deliveries-to-market capitalization ratio to Tesla, be valued at $600+ billion in 2030. In other words, NIO could be worth as much as Tesla (today) in nine years, when we assume that current growth projections are realistic and that a Tesla-like valuation is appropriate. Those are two major ifs, of course, and especially the second point is far from certain, I believe. I personally would not be too surprised to see Tesla's valuation compress, and thus NIO could trade well below the $600 billion market cap level in 2030, even if it continues to grow meaningfully. It is also possible that NIO's growth disappoints and that current projections are too bullish, although I think that NIO is well-positioned for growth thanks to its unique BaaS model and its strong brand that is especially well-recognized in its home market.</p><p><blockquote>当我们暂时假设特斯拉今天的估值是正确的，并且电动汽车公司每年销售约80万辆汽车时确实应该获得6000亿美元的市值时，那么蔚来最终也可能达到这一目标，尽管不是在近期。蔚来今年将销售约9万辆汽车，2025年这一数字将增长至约40万辆。如果蔚来的销量在此之后每年增长15%，那么到2030年（即9年后），它可能会售出约80万辆汽车。如果想要更快的增长，也可以在2030年之前跨越每年80万辆汽车的界限，例如2028年或2029年。如果我们现在确实选择2030年，那么按照与特斯拉类似的交付量与市值比率，蔚来到2030年的估值可能会超过6000亿美元。换句话说，如果我们假设当前的增长预测是现实的，并且类似特斯拉的估值是合适的，那么九年后蔚来的价值可能会与特斯拉（今天）一样高。当然，这是两个主要的如果，尤其是第二点，我认为还远未确定。我个人不会对特斯拉的估值压缩感到太惊讶，因此蔚来的市值在2030年可能远低于6000亿美元的水平，即使它继续大幅增长。蔚来的增长也有可能令人失望，目前的预测过于乐观，尽管我认为蔚来凭借其独特的BaaS模式和在国内市场特别受认可的强大品牌，处于良好的增长地位。</blockquote></p><p> It should also be noted that Tesla's market cap in 2030 could be very different from $600 billion, thus even in case NIO hits that level, it is not at all guaranteed that the two companies will have a similar market cap. Tesla might be valued at a way higher valuation by then, e.g. if the ARK model is right (something I personally think is unlikely). To answer the above question, one could thus say that NIO might be worth hundreds of billions of dollars, like Tesla, in 8-10 years, but that is not at all guaranteed. And even if that were to happen, Tesla might be worth significantly more by then.</p><p><blockquote>还应该指出的是，特斯拉2030年的市值可能与6000亿美元有很大不同，因此即使蔚来达到这一水平，也不能保证两家公司的市值会相似。到那时，特斯拉的估值可能会高得多，例如如果方舟模型是正确的（我个人认为不太可能）。为了回答上述问题，人们可以说，蔚来可能在8-10年内像特斯拉一样价值数千亿美元，但这根本不能保证。即使这种情况发生，到那时特斯拉的价值也可能会高得多。</blockquote></p><p> <b>Is NIO A Good Stock To Buy Or Sell Now?</b></p><p><blockquote><b>蔚来现在是买入或卖出的好股票吗？</b></blockquote></p><p> When considering NIO as an investment, it doesn't really matter all that much whether it will become as large or highly valued as Tesla eventually. Instead, investors should ask themselves what total returns they can expect over the next couple of years, and whether those expected returns are high enough relative to the risks in NIO's business model. Regarding those risks, one should mention the fact that the company isn't profitable yet, which means that NIO is dependent on cash on its balance sheet for growth investments. On top of that, competition in the EV space is growing, and market share battles could pressure margins in coming years, although NIO seems relatively well-positioned thanks to its battery-swapping, which is, I believe, a strong USP. Last but not least, the company's dependence on its home market China is a potential risk that should be kept in mind, although it should also be noted that, for now, it seems like the Chinese government is very accommodating to Chinese EV companies.</p><p><blockquote>当将蔚来视为一项投资时，它最终是否会变得像特斯拉一样庞大或估值很高并不重要。相反，投资者应该问自己，未来几年他们可以预期的总回报是多少，以及相对于蔚来商业模式的风险，这些预期回报是否足够高。关于这些风险，应该提到的事实是，该公司尚未盈利，这意味着蔚来依赖其资产负债表上的现金进行增长投资。最重要的是，电动汽车领域的竞争正在加剧，市场份额之争可能会在未来几年给利润率带来压力，尽管蔚来似乎由于其电池交换而处于相对有利的地位，我认为这是一个强大的USP。最后但并非最不重要的是，该公司对中国本土市场的依赖是一个应该牢记的潜在风险，尽管还应该指出的是，目前中国政府似乎对中国电动汽车公司非常包容。</blockquote></p><p> One could argue that valuations across the whole EV industry are too high, relative to how legacy auto companies are valued. Even those legacy players with attractive EV offerings such as Volkswagen or Ford trade at huge discounts compared to EV pureplays. But if one wants to invest in an EV pureplay, NIO doesn't seem like a bad choice. The company combines a strong brand, a unique BaaS offering, high growth rates, and shares trade at a discount compared to how the EV king Tesla is valued. At a little above 3x 2025 revenue, NIO does not seem overly expensive relative to other EV pureplays, although this still represents a premium versus legacy players, of course. If NIO manages to execute well and continues to roll out new models that are well-received by consumers, its shares could have significant upside potential in the long run. If EV stocks ever become an out-of-favor investment, NIO stock also could have considerable downside, however, this thus is not a low-risk pick. Depending on your risk tolerance, NIO could still be of value if you want a high-growth EV pureplay.</p><p><blockquote>有人可能会说，相对于传统汽车公司的估值，整个电动汽车行业的估值过高。与纯电动汽车相比，即使是大众汽车或福特等拥有有吸引力的电动汽车产品的传统企业，其交易也有巨大的折扣。但如果你想投资纯电动汽车，蔚来似乎是一个不错的选择。该公司结合了强大的品牌、独特的BaaS产品、高增长率，并且与电动汽车之王特斯拉的估值相比，股票交易价格有折扣。与其他纯电动汽车公司相比，蔚来2025年收入略高于3倍，似乎并不算太贵，当然，与传统公司相比，这仍然代表着溢价。如果蔚来能够表现良好并继续推出深受消费者欢迎的新车型，从长远来看，其股价可能具有巨大的上涨潜力。如果电动汽车股票成为不受欢迎的投资，蔚来股票也可能有相当大的下跌空间，然而，这并不是一个低风险的选择。根据您的风险承受能力，如果您想要高增长的纯电动汽车，蔚来仍然可能具有价值。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4440950-will-nio-stock-follow-tesla-what-to-consider-ev-stocks\">seekingalpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来","TSLA":"特斯拉"},"source_url":"https://seekingalpha.com/article/4440950-will-nio-stock-follow-tesla-what-to-consider-ev-stocks","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112927800","content_text":"Summary\n\nLet's take a look at how NIO compares to Tesla today, NIO's unique selling points, and the similarities between the two companies.\nNIO is a high-growth choice that does not seem overly expensive relative to how Tesla is valued.\nNIO is not a low-risk stock, however, and it may not be a good choice for everyone. Investors should also consider NIO's valuation versus legacy car companies.\n\nipopba/iStock via Getty Images\nArticle Thesis\nNIO, Inc. (NIO) is one of China's leading EV players, and has, through an attractive brand and its unique BaaS offering, attracted a lot of interest from consumers and investors. Today, however, the company is still way smaller than Tesla (TSLA), which is currently leading the global EV market. NIO is focused on its home market right now, which was true when Tesla was a smaller company as well, but NIO will try to grab market share in overseas markets as well. Shares are pricing in a lot of growth already, but if NIO can replicate Tesla's success, that could be more than justified.\nNIO And TSLA Stock Prices\nBoth companies have benefitted from growing interest in EVs during 2020, a trend that saw share prices of most EV pureplays rise rapidly. The combination of growing market share for EVs, accommodating policies such as subsidies for EV purchases, and massive monetary stimulus let shares of NIO and TSLA rise rapidly. NIO is up 245% over the last year, while TSLA is up 101% over the same time. Both companies are currently trading below their all-time highs, however, which were hit in early 2021 before market sentiment for EV pureplays cooled to some degree.\nData by YCharts\nTaking a quick look at analyst price targets, we see that Tesla is trading almost perfectly in line with the consensus, whereas NIO trades about 30% below the analyst target. If the analyst community is right, then NIO is a substantially better investment right here, as Tesla is not expected to see its shares rise meaningfully over the next year, whereas NIO has significant upside to the analyst price target.\nIs NIO Similar To Tesla?\nThe answer to that question depends on what you focus on. There are similarities between the two companies, but there are also differences. One could thus say that, in some ways, the two are similar, but in others, they are not. Let's look at a couple of things:\nBusiness Model\nBoth companies are focused on the EV space, although Tesla has, over the years, been building out a couple of other businesses as well, such as energy storage. Most of Tesla's revenues are generated through selling electric vehicles, which is also how NIO operates. Both companies are focused on the premium segment of EVs, selling higher-priced vehicles that compete with brands such as BMW, Mercedes, and Lexus. Both companies offer a small range of different vehicles, in Tesla's case those are the well-known S, X, 3, and Y, whereas NIO offers a sedan (ET7), and three SUVs (EC6, ES6, ES8). Despite the fact that NIO is a way smaller company today, the model lineups of the two companies do thus not differ too much.\nBoth companies offer some type of charging infrastructure to their customers, in Tesla's case, that's the Supercharger network, where Tesla owners can charge their cars with up to 250kW, depending on what version of Supercharger is installed. NIO is following a different approach, offering a battery-as-a-service solution to its customers. NIO owners can get their battery switched out to a fully-charged battery at NIO's stations, a process that takes a couple of minutes and is thus significantly quicker compared to the regular EV charging offered by Tesla and other EV players. BaaS thus has advantages when it comes to the time it takes for a charge/swap, but it should be noted that Tesla's Superchargers are way more common around the world compared to NIO's battery-swapping stations. Rolling out that feature in additional markets will require large capital expenditures, but NIO's offering is a unique selling point compared to what all other EV players, including Tesla, are offering. It remains to be seen whether that will ultimately pay off, but this could become a major advantage for NIO as competition in the EV space is heating up.\nSize, growth, and valuation\nThe two companies differ significantly in size, both when it comes to revenues and vehicle sales, as well as when it comes to the market value of the two companies. NIO has delivered22,000 vehicles in Q2, up 112% year over year, for an annual pace of around 90,000 vehicles. Tesla, meanwhile, has delivered 201,000 vehicles during Q2, up from 103,000 vehicles delivered during Q2 2020. This is strong growth on a year-over-year basis, although slightly below 100%, and thus below the growth rate that NIO is generating for now.\nTesla delivers around 9x as many vehicles compared to NIO per quarter, when we look at the market capitalizations of the two companies, we see that the ratio is almost exactly the same, as Tesla's market cap of $640 billion is ~9x as high as that of NIO, at $72 billion. At similar growth rates, that would make perfect sense, but it looks like NIO might be the better deal for now, as it trades at a comparable valuation while generating better growth. This will be especially true in the coming quarters, where Tesla's growth is expected to slow down:\nData by YCharts\nTesla is forecasted to grow its revenue from $49 billion in 2021 to $83 billion in 2023, for an annual growth rate of 30%. NIO, meanwhile, is expected to see its revenue explode upwards from $5.4 billion to $12.8 billion between 2021 and 2023, for an annual growth rate of 54%. NIO is thus expected to grow way faster than Tesla over the next two years, on a relative basis. This shouldn't be a surprise, to be honest, as the law of large numbers dictates that maintaining massive growth rates becomes increasingly hard for a company the bigger it gets, and Tesla seems to have hit that point by now -- adding 50%+ a year to its top line will not be possible forever. This isn't even necessarily Tesla's fault, in fact, many high-quality growth companies have experienced the same. But investors should still consider this important fact -- Tesla's growth in coming years will be less exciting compared to what we have seen in the past, and peers, such as NIO, are growing faster.\nThe same holds true when we take a longer-term view. Revenue estimates for 2025 rest at$22.6 billionfor NIO, up another 80% from the 2023 estimate, and up 320% from what analysts are forecasting for 2021. Tesla, meanwhile, is forecasted to generate revenues of $122.5 billion in 2025 -- a large number, but up by a comparatively weak 48% from 2023, and up by a total of 150% versus 2021. Between 2021 and 2025, NIO will thus 4x its revenue, while Tesla will 2.5x its revenue in the same time span -- a meaningful difference that should, all else equal, allow for a premium valuation for NIO, in the same way Tesla deserves a premium valuation versus legacy players such as Volkswagen (OTCPK:VWAGY).\nLooking at revenue estimates for 2025 relative to how the two companies are valued today, we see that NIO trades at 3.2x 2025 sales, while the 2025 sales multiple for Tesla is 5.2. For a long-term oriented investor, NIO thus seems like the better value today, thanks to the fact that it is trading at a significantly lower sales multiple when we take a look into the future. This does not necessarily mean that NIO is cheap, however, as even a 3.2x 2025 sales multiple is relatively high compared to how legacy auto companies are valued. NIO is looking less expensive than Tesla, however, even if its shares are not cheap on an absolute basis.\nCan NIO Be Worth As Much As Tesla?\nThe answer to that depends on what time frame you are looking at. Today, NIO is significantly smaller than Tesla and thus rightfully trades at a way smaller market cap. It should also be noted that there is no guarantee that Tesla's shares are a great example of how an EV company should be valued -- it is, at least, possible that its shares are significantly overpriced today, I personally believe that as well (Note that some will argue that shares are underpriced, which is also among the possibilities, although I do not hold that belief personally).\nWhen we do, for a moment, assume that Tesla is correctly valued today and that EV companies do deserve a market cap in the $600 billion range when they sell about 800,000 vehicles a year, then NIO could eventually hit that as well, although not in the near term. NIO will sell about 90,000 vehicles this year, and that amount should grow to about 400,000 in 2025. If NIO were to grow its sales by 15% a year beyond that point, it could sell around 800,000 cars in 2030, or 9 years from now. If one wants to assume faster growth, the 800,000 vehicles a year line could also be crossed before 2030, e.g. in 2028 or 2029. If we do go with 2030 for now, then NIO could, at a similar deliveries-to-market capitalization ratio to Tesla, be valued at $600+ billion in 2030. In other words, NIO could be worth as much as Tesla (today) in nine years, when we assume that current growth projections are realistic and that a Tesla-like valuation is appropriate. Those are two major ifs, of course, and especially the second point is far from certain, I believe. I personally would not be too surprised to see Tesla's valuation compress, and thus NIO could trade well below the $600 billion market cap level in 2030, even if it continues to grow meaningfully. It is also possible that NIO's growth disappoints and that current projections are too bullish, although I think that NIO is well-positioned for growth thanks to its unique BaaS model and its strong brand that is especially well-recognized in its home market.\nIt should also be noted that Tesla's market cap in 2030 could be very different from $600 billion, thus even in case NIO hits that level, it is not at all guaranteed that the two companies will have a similar market cap. Tesla might be valued at a way higher valuation by then, e.g. if the ARK model is right (something I personally think is unlikely). To answer the above question, one could thus say that NIO might be worth hundreds of billions of dollars, like Tesla, in 8-10 years, but that is not at all guaranteed. And even if that were to happen, Tesla might be worth significantly more by then.\nIs NIO A Good Stock To Buy Or Sell Now?\nWhen considering NIO as an investment, it doesn't really matter all that much whether it will become as large or highly valued as Tesla eventually. Instead, investors should ask themselves what total returns they can expect over the next couple of years, and whether those expected returns are high enough relative to the risks in NIO's business model. Regarding those risks, one should mention the fact that the company isn't profitable yet, which means that NIO is dependent on cash on its balance sheet for growth investments. On top of that, competition in the EV space is growing, and market share battles could pressure margins in coming years, although NIO seems relatively well-positioned thanks to its battery-swapping, which is, I believe, a strong USP. Last but not least, the company's dependence on its home market China is a potential risk that should be kept in mind, although it should also be noted that, for now, it seems like the Chinese government is very accommodating to Chinese EV companies.\nOne could argue that valuations across the whole EV industry are too high, relative to how legacy auto companies are valued. Even those legacy players with attractive EV offerings such as Volkswagen or Ford trade at huge discounts compared to EV pureplays. But if one wants to invest in an EV pureplay, NIO doesn't seem like a bad choice. The company combines a strong brand, a unique BaaS offering, high growth rates, and shares trade at a discount compared to how the EV king Tesla is valued. At a little above 3x 2025 revenue, NIO does not seem overly expensive relative to other EV pureplays, although this still represents a premium versus legacy players, of course. If NIO manages to execute well and continues to roll out new models that are well-received by consumers, its shares could have significant upside potential in the long run. If EV stocks ever become an out-of-favor investment, NIO stock also could have considerable downside, however, this thus is not a low-risk pick. Depending on your risk tolerance, NIO could still be of value if you want a high-growth EV pureplay.","news_type":1,"symbols_score_info":{"TSLA":0.9,"NIO":0.9}},"isVote":1,"tweetType":1,"viewCount":1288,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":170995983,"gmtCreate":1626398590842,"gmtModify":1631883667116,"author":{"id":"3568070265339857","authorId":"3568070265339857","name":"LohYK","avatar":"https://static.tigerbbs.com/d6add0343094f5e965e831fa432314ef","crmLevel":13,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3568070265339857","authorIdStr":"3568070265339857"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AIY.SI\">$IFAST CORPORATION LTD.(AIY.SI)$</a>hhold on to the price and consolidate. The results announcement will drive ifast further next week","listText":"<a href=\"https://laohu8.com/S/AIY.SI\">$IFAST CORPORATION LTD.(AIY.SI)$</a>hhold on to the price and consolidate. The results announcement will drive ifast further next week","text":"$IFAST CORPORATION LTD.(AIY.SI)$hhold on to the price and consolidate. The results announcement will drive ifast further next week","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/170995983","isVote":1,"tweetType":1,"viewCount":1719,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":378232126,"gmtCreate":1619044165165,"gmtModify":1631887793633,"author":{"id":"3568070265339857","authorId":"3568070265339857","name":"LohYK","avatar":"https://static.tigerbbs.com/d6add0343094f5e965e831fa432314ef","crmLevel":13,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3568070265339857","authorIdStr":"3568070265339857"},"themes":[],"htmlText":"Bionano Genomics shares are trading higher after the company said sites within UK's NHS have adopted its Saphyr System. Hoseh liao!!","listText":"Bionano Genomics shares are trading higher after the company said sites within UK's NHS have adopted its Saphyr System. Hoseh liao!!","text":"Bionano Genomics shares are trading higher after the company said sites within UK's NHS have adopted its Saphyr System. Hoseh liao!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":1,"link":"https://laohu8.com/post/378232126","isVote":1,"tweetType":1,"viewCount":894,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":608065497,"gmtCreate":1638583059317,"gmtModify":1638583059884,"author":{"id":"3568070265339857","authorId":"3568070265339857","name":"LohYK","avatar":"https://static.tigerbbs.com/d6add0343094f5e965e831fa432314ef","crmLevel":13,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3568070265339857","authorIdStr":"3568070265339857"},"themes":[],"htmlText":"Dead of the EV hype... ?","listText":"Dead of the EV hype... ?","text":"Dead of the EV hype... ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":5,"repostSize":0,"link":"https://laohu8.com/post/608065497","repostId":"1131080801","repostType":4,"repost":{"id":"1131080801","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":1638542459,"share":"https://www.laohu8.com/m/news/1131080801?lang=zh_CN&edition=full","pubTime":"2021-12-03 22:40","market":"us","language":"en","title":"EV stocks dropped in morning trading<blockquote>电动汽车股早盘下跌</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1131080801","media":"Tiger Newspress","summary":"EV stocks dropped in morning trading.Tesla,Rivian,Nio,Xpeng Motors,Li Auto,Lucid,Fisker,Arrival,Niko","content":"<p>EV stocks dropped in morning trading.Tesla,Rivian,Nio,Xpeng Motors,Li Auto,Lucid,Fisker,Arrival,Nikola&nbsp;and&nbsp;Canoo&nbsp;fell between 1% and 7%.</p><p><blockquote>电动汽车股早盘下跌。特斯拉、Rivian、蔚来、小鹏汽车、理想汽车、Lucid、Fisker、Arrival、Nikola和Canoo下跌1%至7%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/cbf8e30e272a117eda3223586e403ba3\" tg-width=\"408\" tg-height=\"601\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEV stocks dropped in morning trading<blockquote>电动汽车股早盘下跌</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-12-03 22:40</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>EV stocks dropped in morning trading.Tesla,Rivian,Nio,Xpeng Motors,Li Auto,Lucid,Fisker,Arrival,Nikola&nbsp;and&nbsp;Canoo&nbsp;fell between 1% and 7%.</p><p><blockquote>电动汽车股早盘下跌。特斯拉、Rivian、蔚来、小鹏汽车、理想汽车、Lucid、Fisker、Arrival、Nikola和Canoo下跌1%至7%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/cbf8e30e272a117eda3223586e403ba3\" tg-width=\"408\" tg-height=\"601\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"FSR":"菲斯克","XPEV":"小鹏汽车","NIO":"蔚来","LCID":"Lucid Group Inc","TSLA":"特斯拉","RIVN":"Rivian Automotive, Inc.","LI":"理想汽车"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1131080801","content_text":"EV stocks dropped in morning trading.Tesla,Rivian,Nio,Xpeng Motors,Li Auto,Lucid,Fisker,Arrival,Nikola and Canoo fell between 1% and 7%.","news_type":1,"symbols_score_info":{"LI":0.9,"NIO":0.9,"RIVN":0.9,"FSR":0.9,"ARVL":0.9,"NKLA":0.9,"GOEV":0.9,"LCID":0.9,"XPEV":0.9,"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":1430,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"lives":[]}