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2021-06-08

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Toplines Before US Market Open on Tuesday<blockquote>周二美国市场开盘前的顶线</blockquote>

2021-06-07

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2021-06-04

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Where Will Apple Stock Be In 10 Years? What To Consider<blockquote>10年后苹果股票会在哪里？需要考虑什么</blockquote>

2021-06-04

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2021-06-03

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Toplines Before US Market Open on Thursday<blockquote>周四美国市场开盘前的顶线</blockquote>

2021-05-30

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2021-05-29

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2021-05-28

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2021-05-27

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2021-05-26

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2021-05-25

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2021-05-24

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2021-05-24

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2021-05-22

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2021-05-21

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2021-05-21

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2021-05-19

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JD.com to Report Q1 Earnings: What's in the Cards?<blockquote>京东将公布第一季度收益：前景如何？</blockquote>

2021-05-18

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2021-05-15

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Delta Mandates All New Employees Must Have COVID-19 Vaccinations<blockquote>达美航空要求所有新员工必须接种 COVID-19 疫苗</blockquote>

2021-05-15

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Why AMC Entertainment Stock Jumped Again Friday<blockquote>为什么AMC院线股价周五再次上涨</blockquote>

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authorId":"3569656843423150","name":"RIZALLL","avatar":"https://static.tigerbbs.com/51f3407d4e84a577b1644cef437e0daa","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569656843423150","idStr":"3569656843423150"},"themes":[],"title":"","htmlText":"comment and like please please!!","listText":"comment and like please please!!","text":"comment and like please please!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/117451044","repostId":"1134112696","repostType":4,"repost":{"id":"1134112696","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":1623153084,"share":"https://www.laohunote.com/m/news/1134112696?lang=zh_CN&edition=full","pubTime":"2021-06-08 19:51","market":"us","language":"en","title":"Toplines Before US Market Open on Tuesday<blockquote>周二美国市场开盘前的顶线</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1134112696","media":"Tiger Newspress","summary":"(June 8) U.S. stock futures were mixed Tuesday, putting the Dow on course for a tepid slide at the o","content":"<p>(June 8)&nbsp;U.S. stock futures were mixed Tuesday, putting the Dow on course for a tepid slide at the opening bell as investors awaited data on the scale of the trade deficit.</p><p><blockquote>（6月8日）美国周二股票期货涨跌互现，由于投资者等待贸易赤字规模数据，道琼斯指数在开盘时有望不温不火地下滑。</blockquote></p><p>Futures tied to the broad S&amp;P 500 index wavered between gains and losses. Dow Jones Industrial Average futures ticked 0.2% lower. On Monday,the blue-chip index briefly climbed into record territorybefore ending the session down 0.4%. Nasdaq-100 futures edged up 0.2%, pointing to subdued gains for technology stocks.</p><p><blockquote>与标普500综合指数挂钩的期货在涨跌之间波动。道琼斯工业平均指数期货下跌 0.2%。周一， 蓝筹股指数短暂攀升至历史新高， 收盘下跌0.4%。纳斯达克 100 指数期货小幅上涨 0.2%，表明科技股涨幅疲软。</blockquote></p><p>At 7:52 a.m. ET, Dow e-minis were down 18 points, or 0.05%, S&amp;P 500 e-minis were up 5.25 points, or 0.12%, and Nasdaq 100 e-minis were up 56.25 points, or 0.41%.</p><p><blockquote>美国东部时间上午 7:52，道琼斯电子迷你指数下跌 18 点，跌幅 0.05%，标普500电子迷你指数上涨 5.25 点，跌幅 0.12%，纳斯达克 100 电子迷你指数上涨 56.25 点，跌幅 0.41%。</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/34abbee54469fe0e570dce762d9a8f6a\" tg-width=\"1242\" tg-height=\"528\"><span>At 7:52 a.m. ET</span></p><p><blockquote><p class=\"t-img-caption\"><span>美国东部时间上午 7:52</span></p></blockquote></p><p>Stocks have been range bound in recent sessions, with indexes hovering close to record levels due to a rapidly rebounding U.S. economy and significant levels of support from Washington and the Federal Reserve. The market’s moves in recent weeks have moderated amidinflation concerns. Investors say they are settling in for a period of choppy trading while they await fresh clues on whether a sharp rise in consumer prices will prove to be fleeting.</p><p><blockquote>最近几个交易日，由于美国经济快速反弹以及华盛顿和美联储的大力支持，股市一直在区间波动，指数徘徊在创纪录水平附近。最近几周的市场走势缓解了对通货膨胀的担忧。投资者表示，他们正在接受一段动荡的交易时期，同时等待有关消费者价格大幅上涨是否会转瞬即逝的新线索。</blockquote></p><p><b>U.S. trade deficit narrows to $68.9 billion in April from record $75 billion in prior month.</b></p><p><blockquote><b>美国4月份贸易逆差从上月创纪录的750亿美元收窄至689亿美元。</b></blockquote></p><p><b>Stock-index futures remain flat to slightly higher after trade data.</b></p><p><blockquote><b>交易数据公布后，股指期货持平至小幅走高。</b></blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3f387907a1739ecc654e10c7d6dc8135\" tg-width=\"1242\" tg-height=\"510\"><span>At 8:33 a.m. ET</span></p><p><blockquote><p class=\"t-img-caption\"><span>美国东部时间上午 8:33</span></p></blockquote></p><p><b>Stocks making the biggest moves in the premarket:</b></p><p><blockquote><b>盘前涨幅最大的股票：</b></blockquote></p><p><b>1)&nbsp;Stitch Fix(SFIX)</b> – Stitch Fix lost 18 cents per share for its first quarter, smaller than the 27 cents a share loss that analysts were anticipating. The online clothing styling company's revenue came in above estimates. Stitch Fix also issued an upbeat forecast, amid 20% growth in its active client base compared to a year ago. Shares soared 14.8% in premarket action.</p><p><blockquote><b>1）缝合固定（SFIX）</b>– Stitch Fix 第一季度每股亏损 18 美分，低于分析师预期的每股亏损 27 美分。这家在线服装造型公司的收入高于预期。Stitch Fix 还发布了乐观的预测，其活跃客户群与一年前相比增长了 20%。股价在盘前交易中飙升 14.8%。</blockquote></p><p><b>2)&nbsp;Contango Oil &amp; Gas(MCF) </b>– The energy producer agreed to combine withKKR's(KKR) Independence Energy business in an all-stock deal. The combined company will have an initial market capitalization of about $4.8 billion. Contango shares jumped 10.3% in premarket trading.</p><p><blockquote><b>2) 石油和天然气期货 (MCF)</b>– 该能源生产商同意通过全股票交易与 KKR (KKR) 的独立能源业务合并。合并后的公司初始市值约为48亿美元。Contango 股价在盘前交易中上涨 10.3%。</blockquote></p><p><b>3)&nbsp;Coupa Software(COUP) </b>– Coupa reported quarterly earnings of 7 cents per share, compared to Wall Street forecasts for a 19 cents per share loss. Revenue beat estimates, and the financial software company also issued an upbeat outlook. Despite the upbeat numbers, Coupa shares tumbled 9.2% in premarket trading.</p><p><blockquote><b>3）Coupa软件（COUP）</b>– Coupa 公布的季度收益为每股 7 美分，而华尔街预测为每股亏损 19 美分。收入超出预期，这家财务软件公司也发布了乐观的前景。尽管数据乐观，Coupa 股价在盘前交易中仍下跌 9.2%。</blockquote></p><p><b>4)&nbsp;Thor Industries(THO)</b> – The recreational vehicle maker's shares jumped 3.4% in the premarket after it beat estimates on both the top and bottom lines for its fiscal third quarter. Sales more than doubled compared to a year ago, and the company said it sees no signs of demand slowing.</p><p><blockquote><b>4) 雷神工业 (THO)</b>– 这家休闲车制造商的第三财季营收和利润均超出预期，其股价在盘前上涨 3.4%。与一年前相比，销售额增加了一倍多，该公司表示没有看到需求放缓的迹象。</blockquote></p><p><b>5)&nbsp;Chico’s FAS(CHS) </b>– Chico’s surged 6.6% in the premarket after the apparel retailer said it was taking all appropriate steps to improve performance and increase shareholder value. The statement was in response to a letter sent to management by activist investor Barington Capital. Separately, Chico’s reported quarterly earnings and sales that topped Wall Street forecasts.</p><p><blockquote><b>5) 奇科的FAS(CHS)</b>- Chico's 在盘前大涨 6.6%，此前这家服装零售商表示正在采取一切适当措施改善业绩并增加股东价值。该声明是对激进投资者巴林顿资本（Barington Capital）致管理层的一封信的回应。另外，Chico's 公布的季度收益和销售额超出了华尔街的预期。</blockquote></p><p><b>6)&nbsp;Fastly(FSLY)</b> – The cloud computing company’s shares fell 1.7% in the premarket, but came off earlier lows stemming froman internet outageimpacting Fastly-backed websites. Shortly after the outage hit, Fastly said it had identified the issue and that a fix was being implemented.</p><p><blockquote><b>6) 快速（FSLY）</b>- 这家云计算公司的股价在盘前下跌了 1.7%，但较之前的低点有所回落，原因是互联网中断影响了快速备份的网站。停电发生后不久，Fastly 表示已经发现了问题，并正在实施修复措施。</blockquote></p><p><b>7)&nbsp;Tesla(TSLA) </b>– The automaker delivered 33,463 China-made vehicles in that market in May, up 29% from April when production was impacted by a maintenance shutdown. Tesla rose 3% in the premarket.</p><p><blockquote><b>7）特斯拉（TSLA）</b>– 该汽车制造商 5 月份在该市场交付了 33,463 辆中国制造的汽车，比 4 月份生产受到维护停工影响时增长了 29%。特斯拉盘前上涨3%。</blockquote></p><p><b>8)&nbsp;AMC Entertainment(AMC)</b> – AMC insiders have been selling shares amid a social media-fueled rally in the movie theater operator’s stock. According to a study of insider filings done by analytics firm InsiderScore, seven AMC insiders have sold parts of their stakes since May 28, among nine who have executed sales this quarter though CEO Adam Aron is not among them. There were no AMC insider sales in 2020. AMC added 4.3% in the premarket.</p><p><blockquote><b>8）AMC院线（AMC）</b>- 在社交媒体推动电影院运营商股价上涨的情况下，AMC 内部人士一直在抛售股票。根据分析公司 InsiderScore 对内部人士文件进行的一项研究，自 5 月 28 日以来，已有 7 名 AMC 内部人士出售了部分股份，其中 9 名内部人士在本季度进行了出售，但首席执行官亚当·阿伦 (Adam Aron) 不在其中。2020年没有AMC内幕销售。AMC 盘前上涨 4.3%。</blockquote></p><p><b>9)&nbsp;Marvell Technology(MRVL)</b> – Marvell shares jumped 5.5% in premarket trading after it beat Wall Street estimates on both the top and bottom lines for its first quarter. The chip maker also expects its current-quarter revenue will surpass $1 billion for the first time.</p><p><blockquote><b>9) Marvell Technology(MRVL)</b>– Marvell 第一季度的营收和利润均超出华尔街预期，股价在盘前交易中上涨 5.5%。这家芯片制造商还预计其本季度收入将首次超过 10 亿美元。</blockquote></p><p><b>10)&nbsp;Keurig Dr Pepper(KDP) </b>– The beverage company’s stock lost 3.6% in the premarket after it announced a secondary offering of 28 million common stock shares, to be sold on behalf of food producer and Keurig Dr Pepper shareholderMondelez(MDLZ). Keurig Dr Pepper will not receive any proceeds from the offering.</p><p><blockquote><b>10) Keurig Dr Pepper(KDP)</b>- 这家饮料公司宣布代表食品生产商和 Keurig Dr Pepper 股东亿滋国际（MDLZ）二次发行 2800 万股普通股后，其股价在盘前下跌了 3.6%。Keurig Dr Pepper 不会从此次发行中获得任何收益。</blockquote></p><p></p><p><b>11)&nbsp;Vail Resorts(MTN) </b>– Vail Resorts beat estimates by 18 cents a share, with quarterly profit of $6.72 per share. The resort operator also saw revenue top forecasts. Vail said pass sales were up 50% by units and 33% by dollars compared to pre-pandemic results in 2019, as the company slashed season pass sale prices by 20%.</p><p><blockquote><b>11) 韦尔度假村（MTN）</b>– 维尔度假村每股收益超出预期 18 美分，季度利润为每股 6.72 美元。该度假村运营商也看到了收入的最高预测。Vail 表示，与 2019 年大流行前的业绩相比，通行证销售额按单位计算增长了 50%，按美元计算增长了 33%，因为该公司将季票销售价格下调了 20%。</blockquote></p><p><b>12)&nbsp;Etsy(ETSY)</b> – Etsy announced a private offering of $1 billion in convertible senior notes, with the online crafts marketplace planning to use the proceeds to fund stock buybacks and for general corporate purposes. Etsy fell 1.9% in premarket trading.</p><p><blockquote><b>12) Etsy（Etsy）</b>– Etsy 宣布私下发行 10 亿美元的可转换优先票据，在线工艺品市场计划将所得款项用于股票回购和一般企业用途。Etsy在盘前交易中下跌1.9%。</blockquote></p><p><b>Since 2008, this has been the biggest signal for stock direction. Here’s where it’s telling investors to go now.</b></p><p><blockquote><b>自2008年以来，这是股票方向的最大信号。以下是它告诉投资者现在的方向。</b></blockquote></p><p>The summer lull is real for investors right now, as stock catalysts seem few and far between. Thursday’s update on consumer prices could bring the next one, after May dataspooked markets last month.</p><p><blockquote>对于投资者来说，现在的夏季平静是真实的，因为股市催化剂似乎很少。继上个月 5 月份的数据令市场感到恐惧之后，周四的消费者价格更新可能会带来下一次更新。</blockquote></p><p>With equitiesSPX,-0.08%hovering at record highs amid a mind-blowing recovery from the COVID-19 pandemic slump, investors want to know when and how central banks will start responding to signs of surging global inflation. And as not all stocks are built alike for different stages of a recovery, many rightly want to know if they are betting on the right ones.</p><p><blockquote>随着 equitiesSPX,-0.08% 在从 COVID-19 大流行低迷中令人兴奋的复苏中徘徊在历史高位，投资者想知道各国央行何时以及如何开始应对全球通胀飙升的迹象。由于并非所有股票在复苏的不同阶段都是一样的，因此许多人理所当然地想知道他们押注的股票是否正确。</blockquote></p><p>They should start by keeping an eye on what has been the most reliable indicator for stock direction since 2008 — the 10-year bond yieldTMUBMUSD10Y,1.541%,according to The Leuthold Group’s chief investment strategist, Jim Paulsen, who provides our<b>call of the day</b>.</p><p><blockquote>Leuthold 集团首席投资策略师吉姆-保尔森（Jim Paulsen）表示，他们应该首先关注自 2008 年以来最可靠的股市走向指标--10 年期债券收益率 TMUBMUSD10Y，1.541%。<b>今日看涨期权</b>.</blockquote></p><p>Since the 2008-09 financial crisis, “the bond market has been determining, or at least coincidentally signaling” which groups of stocks will be the winners and losers, he told clients in a note. That has been particularly true for several popular themes including cyclicals, growth investing, small-caps, etc.</p><p><blockquote>他在一份报告中告诉客户，自 2008-09 年金融危机以来，“债券市场一直在决定，或者至少是巧合地发出信号”，哪些股票组将成为赢家和输家。对于周期性、成长型投资、小盘股等几个热门主题来说尤其如此。</blockquote></p><p>For example, via the below charts he showed how defensive sectors, such as utilities and staples or low-volatility investments, only do well when bond yields are headed lower:</p><p><blockquote>例如，他通过下面的图表展示了公用事业和必需品或低波动性投资等防御性行业如何只有在债券收益率下降时表现良好：</blockquote></p><p></p><p><img src=\"https://static.tigerbbs.com/96c7d981e160fe9dea266dbe88c5eb97\" tg-width=\"1259\" tg-height=\"490\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><i>The Leuthold Group</i></p><p><blockquote><i>洛伊特霍尔德集团</i></blockquote></p><p>So should the yield on the 10-year, currently hovering at 1.561%, make another run at 2%, that group is likely to underperform, he said. But if the economy is headed for overheat pressures and yields are set to rise, history has shown the most volatile stocks are often winner, he added.</p><p><blockquote>他表示，因此，如果目前徘徊在 1.561% 的 10 年期国债收益率再次达到 2%，该集团可能会表现不佳。但他补充说，如果经济面临过热压力，收益率将上升，历史表明，波动性最大的股票往往是赢家。</blockquote></p><p>Paulsen pointed to the below charts of small-cap stocks, cyclical sectors and emerging markets that are “often the winners during periods in which rising yields cause stock market mayhem.”</p><p><blockquote>保尔森指出，下面的小盘股、周期性行业和新兴市场图表 “在收益率上升造成股市混乱的时期，这些市场往往是赢家”。</blockquote></p><p></p><p><img src=\"https://static.tigerbbs.com/58ad9970b8d52f5524ef4da54113986a\" tg-width=\"1260\" tg-height=\"461\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><i>The Leuthold Group</i></p><p><blockquote><i>洛伊特霍尔德集团</i></blockquote></p><p></p><p><img src=\"https://static.tigerbbs.com/13d5f3bc8075fad7b17676c51ffadaed\" tg-width=\"1259\" tg-height=\"929\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>The Leuthold Group</p><p><blockquote>洛伊特霍尔德集团</blockquote></p><p>And the strategist is among those who do indeed see yields rising.</p><p><blockquote>这位策略师是确实看到收益率上升的人之一。</blockquote></p><p>“The recent pause in the 10-year yield despite escalating inflation expectations has been puzzling. Moreover, if yields continue to trend sideways or retrace part of their recent advance, defensive investments, including growth stocks, will likely be stock market leaders,” wrote Paulsen.</p><p><blockquote>“尽管通胀预期不断升级，但最近 10 年期国债收益率却停滞不前，这令人费解。此外，如果收益率继续横盘整理或回撤近期部分涨幅，包括成长型股票在内的防御性投资很可能会成为股市的领头羊，”保尔森写道。</blockquote></p><p>He expects another leg higher for that yield, pushing it above 2%, likely by the end of 2021. And that means “stock investors should heed the bond market’s message and drive a few of those fast ‘cyclical’ stock cars!”</p><p><blockquote>他预计该收益率将再次走高，可能在 2021 年底前将其推高至 2% 以上。这意味着 “股票投资者应该听从债券市场的信息，驾驶一些快速的‘周期性’股票汽车!”</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>Toplines Before US Market Open on Tuesday<blockquote>周二美国市场开盘前的顶线</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\">\nToplines Before US Market Open on Tuesday<blockquote>周二美国市场开盘前的顶线</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\">2021-06-08 19:51</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>(June 8)&nbsp;U.S. stock futures were mixed Tuesday, putting the Dow on course for a tepid slide at the opening bell as investors awaited data on the scale of the trade deficit.</p><p><blockquote>（6月8日）美国周二股票期货涨跌互现，由于投资者等待贸易赤字规模数据，道琼斯指数在开盘时有望不温不火地下滑。</blockquote></p><p>Futures tied to the broad S&amp;P 500 index wavered between gains and losses. Dow Jones Industrial Average futures ticked 0.2% lower. On Monday,the blue-chip index briefly climbed into record territorybefore ending the session down 0.4%. Nasdaq-100 futures edged up 0.2%, pointing to subdued gains for technology stocks.</p><p><blockquote>与标普500综合指数挂钩的期货在涨跌之间波动。道琼斯工业平均指数期货下跌 0.2%。周一， 蓝筹股指数短暂攀升至历史新高， 收盘下跌0.4%。纳斯达克 100 指数期货小幅上涨 0.2%，表明科技股涨幅疲软。</blockquote></p><p>At 7:52 a.m. ET, Dow e-minis were down 18 points, or 0.05%, S&amp;P 500 e-minis were up 5.25 points, or 0.12%, and Nasdaq 100 e-minis were up 56.25 points, or 0.41%.</p><p><blockquote>美国东部时间上午 7:52，道琼斯电子迷你指数下跌 18 点，跌幅 0.05%，标普500电子迷你指数上涨 5.25 点，跌幅 0.12%，纳斯达克 100 电子迷你指数上涨 56.25 点，跌幅 0.41%。</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/34abbee54469fe0e570dce762d9a8f6a\" tg-width=\"1242\" tg-height=\"528\"><span>At 7:52 a.m. ET</span></p><p><blockquote><p class=\"t-img-caption\"><span>美国东部时间上午 7:52</span></p></blockquote></p><p>Stocks have been range bound in recent sessions, with indexes hovering close to record levels due to a rapidly rebounding U.S. economy and significant levels of support from Washington and the Federal Reserve. The market’s moves in recent weeks have moderated amidinflation concerns. Investors say they are settling in for a period of choppy trading while they await fresh clues on whether a sharp rise in consumer prices will prove to be fleeting.</p><p><blockquote>最近几个交易日，由于美国经济快速反弹以及华盛顿和美联储的大力支持，股市一直在区间波动，指数徘徊在创纪录水平附近。最近几周的市场走势缓解了对通货膨胀的担忧。投资者表示，他们正在接受一段动荡的交易时期，同时等待有关消费者价格大幅上涨是否会转瞬即逝的新线索。</blockquote></p><p><b>U.S. trade deficit narrows to $68.9 billion in April from record $75 billion in prior month.</b></p><p><blockquote><b>美国4月份贸易逆差从上月创纪录的750亿美元收窄至689亿美元。</b></blockquote></p><p><b>Stock-index futures remain flat to slightly higher after trade data.</b></p><p><blockquote><b>交易数据公布后，股指期货持平至小幅走高。</b></blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3f387907a1739ecc654e10c7d6dc8135\" tg-width=\"1242\" tg-height=\"510\"><span>At 8:33 a.m. ET</span></p><p><blockquote><p class=\"t-img-caption\"><span>美国东部时间上午 8:33</span></p></blockquote></p><p><b>Stocks making the biggest moves in the premarket:</b></p><p><blockquote><b>盘前涨幅最大的股票：</b></blockquote></p><p><b>1)&nbsp;Stitch Fix(SFIX)</b> – Stitch Fix lost 18 cents per share for its first quarter, smaller than the 27 cents a share loss that analysts were anticipating. The online clothing styling company's revenue came in above estimates. Stitch Fix also issued an upbeat forecast, amid 20% growth in its active client base compared to a year ago. Shares soared 14.8% in premarket action.</p><p><blockquote><b>1）缝合固定（SFIX）</b>– Stitch Fix 第一季度每股亏损 18 美分，低于分析师预期的每股亏损 27 美分。这家在线服装造型公司的收入高于预期。Stitch Fix 还发布了乐观的预测，其活跃客户群与一年前相比增长了 20%。股价在盘前交易中飙升 14.8%。</blockquote></p><p><b>2)&nbsp;Contango Oil &amp; Gas(MCF) </b>– The energy producer agreed to combine withKKR's(KKR) Independence Energy business in an all-stock deal. The combined company will have an initial market capitalization of about $4.8 billion. Contango shares jumped 10.3% in premarket trading.</p><p><blockquote><b>2) 石油和天然气期货 (MCF)</b>– 该能源生产商同意通过全股票交易与 KKR (KKR) 的独立能源业务合并。合并后的公司初始市值约为48亿美元。Contango 股价在盘前交易中上涨 10.3%。</blockquote></p><p><b>3)&nbsp;Coupa Software(COUP) </b>– Coupa reported quarterly earnings of 7 cents per share, compared to Wall Street forecasts for a 19 cents per share loss. Revenue beat estimates, and the financial software company also issued an upbeat outlook. Despite the upbeat numbers, Coupa shares tumbled 9.2% in premarket trading.</p><p><blockquote><b>3）Coupa软件（COUP）</b>– Coupa 公布的季度收益为每股 7 美分，而华尔街预测为每股亏损 19 美分。收入超出预期，这家财务软件公司也发布了乐观的前景。尽管数据乐观，Coupa 股价在盘前交易中仍下跌 9.2%。</blockquote></p><p><b>4)&nbsp;Thor Industries(THO)</b> – The recreational vehicle maker's shares jumped 3.4% in the premarket after it beat estimates on both the top and bottom lines for its fiscal third quarter. Sales more than doubled compared to a year ago, and the company said it sees no signs of demand slowing.</p><p><blockquote><b>4) 雷神工业 (THO)</b>– 这家休闲车制造商的第三财季营收和利润均超出预期，其股价在盘前上涨 3.4%。与一年前相比，销售额增加了一倍多，该公司表示没有看到需求放缓的迹象。</blockquote></p><p><b>5)&nbsp;Chico’s FAS(CHS) </b>– Chico’s surged 6.6% in the premarket after the apparel retailer said it was taking all appropriate steps to improve performance and increase shareholder value. The statement was in response to a letter sent to management by activist investor Barington Capital. Separately, Chico’s reported quarterly earnings and sales that topped Wall Street forecasts.</p><p><blockquote><b>5) 奇科的FAS(CHS)</b>- Chico's 在盘前大涨 6.6%，此前这家服装零售商表示正在采取一切适当措施改善业绩并增加股东价值。该声明是对激进投资者巴林顿资本（Barington Capital）致管理层的一封信的回应。另外，Chico's 公布的季度收益和销售额超出了华尔街的预期。</blockquote></p><p><b>6)&nbsp;Fastly(FSLY)</b> – The cloud computing company’s shares fell 1.7% in the premarket, but came off earlier lows stemming froman internet outageimpacting Fastly-backed websites. Shortly after the outage hit, Fastly said it had identified the issue and that a fix was being implemented.</p><p><blockquote><b>6) 快速（FSLY）</b>- 这家云计算公司的股价在盘前下跌了 1.7%，但较之前的低点有所回落，原因是互联网中断影响了快速备份的网站。停电发生后不久，Fastly 表示已经发现了问题，并正在实施修复措施。</blockquote></p><p><b>7)&nbsp;Tesla(TSLA) </b>– The automaker delivered 33,463 China-made vehicles in that market in May, up 29% from April when production was impacted by a maintenance shutdown. Tesla rose 3% in the premarket.</p><p><blockquote><b>7）特斯拉（TSLA）</b>– 该汽车制造商 5 月份在该市场交付了 33,463 辆中国制造的汽车，比 4 月份生产受到维护停工影响时增长了 29%。特斯拉盘前上涨3%。</blockquote></p><p><b>8)&nbsp;AMC Entertainment(AMC)</b> – AMC insiders have been selling shares amid a social media-fueled rally in the movie theater operator’s stock. According to a study of insider filings done by analytics firm InsiderScore, seven AMC insiders have sold parts of their stakes since May 28, among nine who have executed sales this quarter though CEO Adam Aron is not among them. There were no AMC insider sales in 2020. AMC added 4.3% in the premarket.</p><p><blockquote><b>8）AMC院线（AMC）</b>- 在社交媒体推动电影院运营商股价上涨的情况下，AMC 内部人士一直在抛售股票。根据分析公司 InsiderScore 对内部人士文件进行的一项研究，自 5 月 28 日以来，已有 7 名 AMC 内部人士出售了部分股份，其中 9 名内部人士在本季度进行了出售，但首席执行官亚当·阿伦 (Adam Aron) 不在其中。2020年没有AMC内幕销售。AMC 盘前上涨 4.3%。</blockquote></p><p><b>9)&nbsp;Marvell Technology(MRVL)</b> – Marvell shares jumped 5.5% in premarket trading after it beat Wall Street estimates on both the top and bottom lines for its first quarter. The chip maker also expects its current-quarter revenue will surpass $1 billion for the first time.</p><p><blockquote><b>9) Marvell Technology(MRVL)</b>– Marvell 第一季度的营收和利润均超出华尔街预期，股价在盘前交易中上涨 5.5%。这家芯片制造商还预计其本季度收入将首次超过 10 亿美元。</blockquote></p><p><b>10)&nbsp;Keurig Dr Pepper(KDP) </b>– The beverage company’s stock lost 3.6% in the premarket after it announced a secondary offering of 28 million common stock shares, to be sold on behalf of food producer and Keurig Dr Pepper shareholderMondelez(MDLZ). Keurig Dr Pepper will not receive any proceeds from the offering.</p><p><blockquote><b>10) Keurig Dr Pepper(KDP)</b>- 这家饮料公司宣布代表食品生产商和 Keurig Dr Pepper 股东亿滋国际（MDLZ）二次发行 2800 万股普通股后，其股价在盘前下跌了 3.6%。Keurig Dr Pepper 不会从此次发行中获得任何收益。</blockquote></p><p></p><p><b>11)&nbsp;Vail Resorts(MTN) </b>– Vail Resorts beat estimates by 18 cents a share, with quarterly profit of $6.72 per share. The resort operator also saw revenue top forecasts. Vail said pass sales were up 50% by units and 33% by dollars compared to pre-pandemic results in 2019, as the company slashed season pass sale prices by 20%.</p><p><blockquote><b>11) 韦尔度假村（MTN）</b>– 维尔度假村每股收益超出预期 18 美分，季度利润为每股 6.72 美元。该度假村运营商也看到了收入的最高预测。Vail 表示，与 2019 年大流行前的业绩相比，通行证销售额按单位计算增长了 50%，按美元计算增长了 33%，因为该公司将季票销售价格下调了 20%。</blockquote></p><p><b>12)&nbsp;Etsy(ETSY)</b> – Etsy announced a private offering of $1 billion in convertible senior notes, with the online crafts marketplace planning to use the proceeds to fund stock buybacks and for general corporate purposes. Etsy fell 1.9% in premarket trading.</p><p><blockquote><b>12) Etsy（Etsy）</b>– Etsy 宣布私下发行 10 亿美元的可转换优先票据，在线工艺品市场计划将所得款项用于股票回购和一般企业用途。Etsy在盘前交易中下跌1.9%。</blockquote></p><p><b>Since 2008, this has been the biggest signal for stock direction. Here’s where it’s telling investors to go now.</b></p><p><blockquote><b>自2008年以来，这是股票方向的最大信号。以下是它告诉投资者现在的方向。</b></blockquote></p><p>The summer lull is real for investors right now, as stock catalysts seem few and far between. Thursday’s update on consumer prices could bring the next one, after May dataspooked markets last month.</p><p><blockquote>对于投资者来说，现在的夏季平静是真实的，因为股市催化剂似乎很少。继上个月 5 月份的数据令市场感到恐惧之后，周四的消费者价格更新可能会带来下一次更新。</blockquote></p><p>With equitiesSPX,-0.08%hovering at record highs amid a mind-blowing recovery from the COVID-19 pandemic slump, investors want to know when and how central banks will start responding to signs of surging global inflation. And as not all stocks are built alike for different stages of a recovery, many rightly want to know if they are betting on the right ones.</p><p><blockquote>随着 equitiesSPX,-0.08% 在从 COVID-19 大流行低迷中令人兴奋的复苏中徘徊在历史高位，投资者想知道各国央行何时以及如何开始应对全球通胀飙升的迹象。由于并非所有股票在复苏的不同阶段都是一样的，因此许多人理所当然地想知道他们押注的股票是否正确。</blockquote></p><p>They should start by keeping an eye on what has been the most reliable indicator for stock direction since 2008 — the 10-year bond yieldTMUBMUSD10Y,1.541%,according to The Leuthold Group’s chief investment strategist, Jim Paulsen, who provides our<b>call of the day</b>.</p><p><blockquote>Leuthold 集团首席投资策略师吉姆-保尔森（Jim Paulsen）表示，他们应该首先关注自 2008 年以来最可靠的股市走向指标--10 年期债券收益率 TMUBMUSD10Y，1.541%。<b>今日看涨期权</b>.</blockquote></p><p>Since the 2008-09 financial crisis, “the bond market has been determining, or at least coincidentally signaling” which groups of stocks will be the winners and losers, he told clients in a note. That has been particularly true for several popular themes including cyclicals, growth investing, small-caps, etc.</p><p><blockquote>他在一份报告中告诉客户，自 2008-09 年金融危机以来，“债券市场一直在决定，或者至少是巧合地发出信号”，哪些股票组将成为赢家和输家。对于周期性、成长型投资、小盘股等几个热门主题来说尤其如此。</blockquote></p><p>For example, via the below charts he showed how defensive sectors, such as utilities and staples or low-volatility investments, only do well when bond yields are headed lower:</p><p><blockquote>例如，他通过下面的图表展示了公用事业和必需品或低波动性投资等防御性行业如何只有在债券收益率下降时表现良好：</blockquote></p><p></p><p><img src=\"https://static.tigerbbs.com/96c7d981e160fe9dea266dbe88c5eb97\" tg-width=\"1259\" tg-height=\"490\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><i>The Leuthold Group</i></p><p><blockquote><i>洛伊特霍尔德集团</i></blockquote></p><p>So should the yield on the 10-year, currently hovering at 1.561%, make another run at 2%, that group is likely to underperform, he said. But if the economy is headed for overheat pressures and yields are set to rise, history has shown the most volatile stocks are often winner, he added.</p><p><blockquote>他表示，因此，如果目前徘徊在 1.561% 的 10 年期国债收益率再次达到 2%，该集团可能会表现不佳。但他补充说，如果经济面临过热压力，收益率将上升，历史表明，波动性最大的股票往往是赢家。</blockquote></p><p>Paulsen pointed to the below charts of small-cap stocks, cyclical sectors and emerging markets that are “often the winners during periods in which rising yields cause stock market mayhem.”</p><p><blockquote>保尔森指出，下面的小盘股、周期性行业和新兴市场图表 “在收益率上升造成股市混乱的时期，这些市场往往是赢家”。</blockquote></p><p></p><p><img src=\"https://static.tigerbbs.com/58ad9970b8d52f5524ef4da54113986a\" tg-width=\"1260\" tg-height=\"461\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><i>The Leuthold Group</i></p><p><blockquote><i>洛伊特霍尔德集团</i></blockquote></p><p></p><p><img src=\"https://static.tigerbbs.com/13d5f3bc8075fad7b17676c51ffadaed\" tg-width=\"1259\" tg-height=\"929\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>The Leuthold Group</p><p><blockquote>洛伊特霍尔德集团</blockquote></p><p>And the strategist is among those who do indeed see yields rising.</p><p><blockquote>这位策略师是确实看到收益率上升的人之一。</blockquote></p><p>“The recent pause in the 10-year yield despite escalating inflation expectations has been puzzling. Moreover, if yields continue to trend sideways or retrace part of their recent advance, defensive investments, including growth stocks, will likely be stock market leaders,” wrote Paulsen.</p><p><blockquote>“尽管通胀预期不断升级，但最近 10 年期国债收益率却停滞不前，这令人费解。此外，如果收益率继续横盘整理或回撤近期部分涨幅，包括成长型股票在内的防御性投资很可能会成为股市的领头羊，”保尔森写道。</blockquote></p><p>He expects another leg higher for that yield, pushing it above 2%, likely by the end of 2021. And that means “stock investors should heed the bond market’s message and drive a few of those fast ‘cyclical’ stock cars!”</p><p><blockquote>他预计该收益率将再次走高，可能在 2021 年底前将其推高至 2% 以上。这意味着 “股票投资者应该听从债券市场的信息，驾驶一些快速的‘周期性’股票汽车!”</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯","SPY":"标普500ETF",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1134112696","content_text":"(June 8) U.S. stock futures were mixed Tuesday, putting the Dow on course for a tepid slide at the opening bell as investors awaited data on the scale of the trade deficit.Futures tied to the broad S&P 500 index wavered between gains and losses. Dow Jones Industrial Average futures ticked 0.2% lower. On Monday,the blue-chip index briefly climbed into record territorybefore ending the session down 0.4%. Nasdaq-100 futures edged up 0.2%, pointing to subdued gains for technology stocks.At 7:52 a.m. ET, Dow e-minis were down 18 points, or 0.05%, S&P 500 e-minis were up 5.25 points, or 0.12%, and Nasdaq 100 e-minis were up 56.25 points, or 0.41%.At 7:52 a.m. ETStocks have been range bound in recent sessions, with indexes hovering close to record levels due to a rapidly rebounding U.S. economy and significant levels of support from Washington and the Federal Reserve. The market’s moves in recent weeks have moderated amidinflation concerns. Investors say they are settling in for a period of choppy trading while they await fresh clues on whether a sharp rise in consumer prices will prove to be fleeting.U.S. trade deficit narrows to $68.9 billion in April from record $75 billion in prior month.Stock-index futures remain flat to slightly higher after trade data.At 8:33 a.m. ETStocks making the biggest moves in the premarket:1) Stitch Fix(SFIX) – Stitch Fix lost 18 cents per share for its first quarter, smaller than the 27 cents a share loss that analysts were anticipating. The online clothing styling company's revenue came in above estimates. Stitch Fix also issued an upbeat forecast, amid 20% growth in its active client base compared to a year ago. Shares soared 14.8% in premarket action.2) Contango Oil & Gas(MCF) – The energy producer agreed to combine withKKR's(KKR) Independence Energy business in an all-stock deal. The combined company will have an initial market capitalization of about $4.8 billion. Contango shares jumped 10.3% in premarket trading.3) Coupa Software(COUP) – Coupa reported quarterly earnings of 7 cents per share, compared to Wall Street forecasts for a 19 cents per share loss. Revenue beat estimates, and the financial software company also issued an upbeat outlook. Despite the upbeat numbers, Coupa shares tumbled 9.2% in premarket trading.4) Thor Industries(THO) – The recreational vehicle maker's shares jumped 3.4% in the premarket after it beat estimates on both the top and bottom lines for its fiscal third quarter. Sales more than doubled compared to a year ago, and the company said it sees no signs of demand slowing.5) Chico’s FAS(CHS) – Chico’s surged 6.6% in the premarket after the apparel retailer said it was taking all appropriate steps to improve performance and increase shareholder value. The statement was in response to a letter sent to management by activist investor Barington Capital. Separately, Chico’s reported quarterly earnings and sales that topped Wall Street forecasts.6) Fastly(FSLY) – The cloud computing company’s shares fell 1.7% in the premarket, but came off earlier lows stemming froman internet outageimpacting Fastly-backed websites. Shortly after the outage hit, Fastly said it had identified the issue and that a fix was being implemented.7) Tesla(TSLA) – The automaker delivered 33,463 China-made vehicles in that market in May, up 29% from April when production was impacted by a maintenance shutdown. Tesla rose 3% in the premarket.8) AMC Entertainment(AMC) – AMC insiders have been selling shares amid a social media-fueled rally in the movie theater operator’s stock. According to a study of insider filings done by analytics firm InsiderScore, seven AMC insiders have sold parts of their stakes since May 28, among nine who have executed sales this quarter though CEO Adam Aron is not among them. There were no AMC insider sales in 2020. AMC added 4.3% in the premarket.9) Marvell Technology(MRVL) – Marvell shares jumped 5.5% in premarket trading after it beat Wall Street estimates on both the top and bottom lines for its first quarter. The chip maker also expects its current-quarter revenue will surpass $1 billion for the first time.10) Keurig Dr Pepper(KDP) – The beverage company’s stock lost 3.6% in the premarket after it announced a secondary offering of 28 million common stock shares, to be sold on behalf of food producer and Keurig Dr Pepper shareholderMondelez(MDLZ). Keurig Dr Pepper will not receive any proceeds from the offering.11) Vail Resorts(MTN) – Vail Resorts beat estimates by 18 cents a share, with quarterly profit of $6.72 per share. The resort operator also saw revenue top forecasts. Vail said pass sales were up 50% by units and 33% by dollars compared to pre-pandemic results in 2019, as the company slashed season pass sale prices by 20%.12) Etsy(ETSY) – Etsy announced a private offering of $1 billion in convertible senior notes, with the online crafts marketplace planning to use the proceeds to fund stock buybacks and for general corporate purposes. Etsy fell 1.9% in premarket trading.Since 2008, this has been the biggest signal for stock direction. Here’s where it’s telling investors to go now.The summer lull is real for investors right now, as stock catalysts seem few and far between. Thursday’s update on consumer prices could bring the next one, after May dataspooked markets last month.With equitiesSPX,-0.08%hovering at record highs amid a mind-blowing recovery from the COVID-19 pandemic slump, investors want to know when and how central banks will start responding to signs of surging global inflation. And as not all stocks are built alike for different stages of a recovery, many rightly want to know if they are betting on the right ones.They should start by keeping an eye on what has been the most reliable indicator for stock direction since 2008 — the 10-year bond yieldTMUBMUSD10Y,1.541%,according to The Leuthold Group’s chief investment strategist, Jim Paulsen, who provides ourcall of the day.Since the 2008-09 financial crisis, “the bond market has been determining, or at least coincidentally signaling” which groups of stocks will be the winners and losers, he told clients in a note. That has been particularly true for several popular themes including cyclicals, growth investing, small-caps, etc.For example, via the below charts he showed how defensive sectors, such as utilities and staples or low-volatility investments, only do well when bond yields are headed lower:The Leuthold GroupSo should the yield on the 10-year, currently hovering at 1.561%, make another run at 2%, that group is likely to underperform, he said. But if the economy is headed for overheat pressures and yields are set to rise, history has shown the most volatile stocks are often winner, he added.Paulsen pointed to the below charts of small-cap stocks, cyclical sectors and emerging markets that are “often the winners during periods in which rising yields cause stock market mayhem.”The Leuthold GroupThe Leuthold GroupAnd the strategist is among those who do indeed see yields rising.“The recent pause in the 10-year yield despite escalating inflation expectations has been puzzling. Moreover, if yields continue to trend sideways or retrace part of their recent advance, defensive investments, including growth stocks, will likely be stock market leaders,” wrote Paulsen.He expects another leg higher for that yield, pushing it above 2%, likely by the end of 2021. And that means “stock investors should heed the bond market’s message and drive a few of those fast ‘cyclical’ stock cars!”","news_type":1,"symbols_score_info":{".IXIC":0.9,"SPY":0.9,".DJI":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":1909,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":114957875,"gmtCreate":1623045221897,"gmtModify":1634095889822,"author":{"id":"3569656843423150","authorId":"3569656843423150","name":"RIZALLL","avatar":"https://static.tigerbbs.com/51f3407d4e84a577b1644cef437e0daa","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569656843423150","idStr":"3569656843423150"},"themes":[],"title":"","htmlText":"like and comment please","listText":"like and comment please","text":"like and comment please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/114957875","repostId":"2141926289","repostType":4,"isVote":1,"tweetType":1,"viewCount":1305,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":116221018,"gmtCreate":1622805599334,"gmtModify":1634097852033,"author":{"id":"3569656843423150","authorId":"3569656843423150","name":"RIZALLL","avatar":"https://static.tigerbbs.com/51f3407d4e84a577b1644cef437e0daa","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569656843423150","idStr":"3569656843423150"},"themes":[],"title":"","htmlText":"like and comment please","listText":"like and comment please","text":"like and comment please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/116221018","repostId":"1122373606","repostType":4,"repost":{"id":"1122373606","kind":"news","pubTimestamp":1622793373,"share":"https://www.laohunote.com/m/news/1122373606?lang=zh_CN&edition=full","pubTime":"2021-06-04 15:56","market":"us","language":"en","title":"Where Will Apple Stock Be In 10 Years? What To Consider<blockquote>10年后苹果股票会在哪里？需要考虑什么</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1122373606","media":"seekingalpha","summary":"Summary\n\nApple has been a great investment over the last decade, but the next decade may look quite ","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Apple has been a great investment over the last decade, but the next decade may look quite different.</li>  <li>Apple has seen its growth slow down over the last decade, and it will likely not be a growth monster in the coming years, either.</li>  <li>Shares have ample long-term upside, but investors should consider the current valuation before jumping to decisions.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9f2ea192ed76d9772c2c6a820098faf5\" tg-width=\"1536\" tg-height=\"1024\" referrerpolicy=\"no-referrer\"><span>Photo by Paopano/iStock Editorial via Getty Images</span></p><p><blockquote><ul><li>苹果在过去十年中是一项伟大的投资，但未来十年可能会大不相同。</li><li>苹果在过去十年中增长放缓，未来几年也不太可能成为增长怪物。</li><li>股票具有充足的长期上涨空间，但投资者在做出决定之前应考虑当前的估值。</li></ul><p class=\"t-img-caption\"><span>摄影：Paopano/iStock 社论来自 Getty Images</span></p></blockquote></p><p> <b>Article Thesis</b></p><p><blockquote><b>文章论文</b></blockquote></p><p> Apple (AAPL) has been one of the best investments one could have made over the last decade. Over the next decade, its growth may not be the same, however. Yet, thanks to massive shareholder return programs and a move towards services, Apple's stock will likely still be significantly higher a decade from now - even though the current valuation is rather high.</p><p><blockquote>苹果 (AAPL) 是过去十年中最好的投资之一。然而，在接下来的十年里，它的增长可能不会一样。然而，由于大规模的股东回报计划和向服务业的转变，十年后苹果的股价可能仍会大幅上涨——尽管目前的估值相当高。</blockquote></p><p> <b>Apple Stock Price</b></p><p><blockquote><b>苹果股价</b></blockquote></p><p> Over the last decade, Apple Inc. has been a great investment:</p><p><blockquote>在过去十年中，苹果公司一直是一项伟大的投资：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5d29aa34bdbc5bab7d0730a4095954e6\" tg-width=\"635\" tg-height=\"419\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据由YCharts提供</span></p></blockquote></p><p> Shares have returned 900% in those ten years, before dividends, for a compounded annual return of approximately 26%, easily trouncing the returns of the broad market during that time frame. Importantly, shares have risen a lot more than the company's market capitalization, which grew by only 550% over the last decade. The difference can be explained by the company's large share repurchase programs, which have lowered the share count drastically over the last decade. The last decade, of course, was a highly successful period for Apple on a business basis, as the company benefited from the rise of smartphones while also having success with new products such as its Watch and tablets, which Apple more or less introduced as a new product category. Right now, shares trade for $125, up 57% over the last twelve months, but down 6% in 2021 to date. Following strong gains during 2020, shares seem to be in a consolidation pattern for now, which is not too much of a surprise, as Apple's valuation had expanded a lot in the recent past, and it seems that the company's business growth has to catch up to the recent share price increases now. The current consensus price target is $156, which implies an upside potential of 25%. Since there are no signs of shares leaving their current trading range right now, I personally do not think that Apple will breach $150 in the near term.</p><p><blockquote>在这十年中，扣除股息前的股票回报率为 900%，年复合回报率约为 26%，轻松超过了该时期大盘的回报率。重要的是，股价的涨幅远远超过了公司的市值，而公司的市值在过去十年中仅增长了 550%。这种差异可以用该公司的大规模股票回购计划来解释，该计划在过去十年中大幅降低了股票数量。当然，过去十年对苹果来说是一个非常成功的商业时期，因为该公司受益于智能手机的崛起，同时在手表和平板电脑等新产品方面也取得了成功，苹果或多或少地将其作为一个新的产品类别推出。目前，股价为 125 美元，比过去 12 个月上涨了 57%，但 2021 年迄今下跌了 6%。继2020年强劲上涨之后，股价目前似乎处于盘整模式，这并不奇怪，因为苹果的估值在最近的过去扩大了很多，而且该公司的业务增长似乎必须赶上最近的股价上涨。目前一致的目标价为 156 美元，这意味着上涨潜力为 25%。由于目前没有迹象表明股票会离开当前的交易区间，我个人认为苹果短期内不会突破150美元。</blockquote></p><p> <b>Where Will Apple Stock Be In 10 Years</b></p><p><blockquote><b>苹果股票10年后会在哪里</b></blockquote></p><p> Apple's stock price in 2031 is, of course, nothing that can be forecasted with any precision. As history has shown, again and again, it is not even possible to forecast share prices precisely over a much shorter period of time. It is, however, possible to craft scenarios to see where share prices could be in the future under certain conditions, to get a feel for what might be a reasonable expectation for the future.</p><p><blockquote>当然，2031年苹果的股价是无法精确预测的。历史一次又一次地表明，甚至不可能在更短的时间内准确预测股价。然而，可以制定情景，看看在特定条件下未来股价可能会处于什么位置，以了解对未来的合理预期。</blockquote></p><p> To craft one such scenario, we have to consider Apple's business growth, Apple's shareholder return program, and the valuation multiple that shares might trade at in the future.</p><p><blockquote>为了制定这样一个场景，我们必须考虑苹果的业务增长、苹果的股东回报计划以及股票未来可能交易的估值倍数。</blockquote></p><p> <b>Apple's business growth</b></p><p><blockquote><b>苹果的业务增长</b></blockquote></p><p> Apple Inc. has seen years of stronger growth and years of weaker growth in the past. This mostly can be explained by factors such as new product introductions, e.g. Watch or iPad, and by the strength of the respective current iPhone models, which see varying demand depending on the year. Other factors, such as economic growth or trade issues, play a role as well.</p><p><blockquote>苹果公司过去经历了几年的强劲增长和几年的疲软增长。这主要可以用新产品推出等因素来解释。手表或iPad，以及各自当前iPhone型号的实力，这些型号的需求因年份而异。其他因素，如经济增长或贸易问题，也起着一定的作用。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a5b8bd8ef6cdaa13850c1380e870554c\" tg-width=\"635\" tg-height=\"419\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据由YCharts提供</span></p></blockquote></p><p> Overall, revenues have grown by 154% over the last decade, but as we see in the above chart, revenue growth has been relatively uneven. During the early 2010s, Apple generated massive growth on the back of the iPhones \"road to victory\", whereas revenue growth declined to a much slower pace in the following years. There were even some years during which revenues declined on a year-over-year basis, such as 2016. The average annual revenue growth pace was 10% over the last decade, but when we factor in that this was lifted up by the very strong growth in 2011 and 2012, it may not be too reasonable to assume that Apple will grow by 10% a year in the future, too. Investors should also consider that maintaining a high growth rate becomes ever more difficult the larger a company gets. This does, however, not mean that Apple's revenue growth will slow down to zero.</p><p><blockquote>总体而言，过去十年收入增长了 154%，但正如我们在上图中看到的，收入增长相对不均衡。在2010年代初，苹果在iPhone“胜利之路”的支持下实现了巨大的增长，而在接下来的几年里，收入增长放缓得多。甚至有一些年份收入同比下降，例如2016年。过去十年的平均年收入增长率为10%，但当我们考虑到2011年和2012年非常强劲的增长推动了这一增长时，假设苹果未来每年也将增长10%可能不太合理。投资者还应该考虑到，公司规模越大，保持高增长率就越困难。然而，这并不意味着苹果的收入增长将放缓至零。</blockquote></p><p></p><p> On the back of price increases for its products and the potential for market share gains in&nbsp;high-growth countries such as China, where more and more people will be able to buy Apple's higher-priced products, it seems reasonable to assume that Apple will generate at least some growth from its core businesses. Add in growth in the services segment - people use their phones more and more, which should lead to higher app spending - and consider the potential for new product launches (although I assume none will be as massive as the iPhone), and Apple should be able to grow its business at a solid pace. I personally assume that a 5%-7% revenue growth rate could be a realistic estimate for the coming years, although some readers will of course have different opinions.</p><p><blockquote>在苹果产品价格上涨以及在中国等高增长国家市场份额增长潜力的背景下，越来越多的人将能够购买苹果价格更高的产品，似乎有理由假设苹果将至少从其核心业务中产生一些增长。再加上服务领域的增长——人们越来越多地使用手机，这应该会导致应用程序支出增加——并考虑新产品发布的潜力（尽管我认为没有一款产品会像 iPhone 那样大规模），苹果应该能够以坚实的速度发展其业务。我个人认为，未来几年5%-7%的收入增长率可能是一个现实的估计，尽管一些读者当然会有不同的看法。</blockquote></p><p> <b>Apple's shareholder returns</b></p><p><blockquote><b>苹果股东回报</b></blockquote></p><p> Apple has lowered its share count massively in the past, as shown above, and it is, I believe, reasonable to assume that the same will happen going forward. Over the last decade, Apple bought back 36% of its shares. If the same were to happen over the next decade, each remaining share's portion of the company's value would rise by 56%, or 4.6% annualized. Due to the fact that Apple's current valuation is significantly higher than its historic valuation, buybacks could be less impactful in the future, though. Apple has, for example, only reduced its share count by 2.6% over the last year.</p><p><blockquote>如上所示，苹果过去曾大幅降低其股票数量，我相信，有理由假设未来也会发生同样的情况。过去十年，苹果回购了 36% 的股份。如果未来十年发生同样的情况，每股剩余股份在公司价值中所占份额将增长 56%，即年化增长 4.6%。不过，由于苹果目前的估值明显高于其历史估值，回购在未来的影响可能会较小。例如，苹果去年仅将其股票数量减少了 2.6%。</blockquote></p><p> This is why I believe that the share count will not decline by another 36% over the coming decade. When we adjust that downward to 25%, this would result in a ~3% annual tailwind for Apple's growth when we look at per-share metrics, which are the deciding factor for Apple's share price growth. Combined with my 5%-7% business growth estimate, I thus assume that Apple will grow by 8%-10% on a per-share basis in the long term.</p><p><blockquote>这就是为什么我相信未来十年股份数量不会再下降36%。当我们将其向下调整至 25% 时，当我们查看每股指标时，这将为苹果的增长带来约 3% 的年度推动力，而每股指标是苹果股价增长的决定性因素。结合我 5%-7% 的业务增长预期，我因此假设苹果从长远来看每股将增长 8%-10%。</blockquote></p><p> <b>Apple's future valuation</b></p><p><blockquote><b>苹果未来估值</b></blockquote></p><p> AAPL has been valued in a very wide range in the past, seeing its shares trade for very low multiples at some points, whereas investors were willing to pay significantly more at other times:</p><p><blockquote>AAPL 过去的估值范围非常广泛，其股票交易倍数在某些时候非常低，而投资者则愿意在其他时候支付更高的价格：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/be5cb8bbc04ff0e0a13ee64f6f2bd90a\" tg-width=\"635\" tg-height=\"470\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据由YCharts提供</span></p></blockquote></p><p> Shares could, five years ago, be bought for a very low 10x net earnings, which naturally was a great time to enter or expand positions. In late 2020, however, shares were trading for as much as 40x the company's net earnings, which seems like a quite high valuation. Right now, AAPL trades at 28x trailing earnings, and at around 24x forward profits. In the above chart, we also see the median earnings multiples over the last 3, 5, 7, and 10 years. It is pretty clear that Apple's valuation has expanded over the years, which is why the median values are higher for the shorter \"lookback\" periods. I do not believe that AAPL will trade at the 15.5x net earnings that it has traded at, on average, over the last decade, as this seems like a rather low valuation for a quality company like Apple with a strong brand, massive scale, great margins, and a fortress balance sheet. On the other hand, I also don't believe that Apple will trade at a 24-28x earnings multiple forever - for a company that generates solid but unspectacular business growth in the mid-single-digits, that seems quite expensive. This is especially true when we consider that interest rates will likely be higher a decade from now, which should pressure valuations for all equities, all else equal. I thus believe that a valuation of around 20x net earnings could be a reasonable estimate for 2031, which would be more or less in line with the 3-year median earnings multiple.</p><p><blockquote>五年前，可以以非常低的 10 倍净利润购买股票，这自然是进入或扩大头寸的好时机。然而，到 2020 年底，股价交易价格高达公司净利润的 40 倍，这似乎是一个相当高的估值。目前，AAPL 的历史市盈率为 28 倍，远期利润约为 24 倍。在上图中，我们还看到了过去 3 年、5 年、7 年和 10 年的中位数收益倍数。很明显，苹果的估值多年来一直在扩大，这就是为什么在较短的“回顾”期间，中值更高。我不相信 AAPL 的交易价格会达到过去十年平均净利润的 15.5 倍，因为对于苹果这样一家拥有强大品牌、庞大规模、巨大利润和堡垒资产负债表的优质公司来说，这似乎是一个相当低的估值。另一方面，我也不相信苹果会永远以 24-28 倍的市盈率进行交易——对于一家以中个位数实现稳健但并不引人注目的业务增长的公司来说，这似乎相当昂贵。当我们考虑到十年后利率可能会更高时，情况尤其如此，这应该会给所有股票的估值带来压力，而其他条件相同。因此，我认为 2031 年净利润 20 倍左右的估值可能是一个合理的估计，这或多或少与 3 年市盈率中位数一致。</blockquote></p><p> <b>Is AAPL A Buy Or Sell Now</b></p><p><blockquote><b>AAPL 现在是买入还是卖出</b></blockquote></p><p> Starting our calculation with an EPS estimate of $5.15 for 2021 and assuming that this will grow by 7%-10% a year through 2031, we reach an EPS range of $10.10 to $13.40. Putting a 20x earnings multiple on that leads to a target price of around $200-$270/share. At the midpoint of around $235, shares would thus see gains of around 90% from the current level, or around 6.5% annualized. That surely is not a bad return, and when we add in the dividend, we would get to an annualized return of roughly 7%. This is, on the other hand, also not an outrageously great return, I believe.</p><p><blockquote>从 2021 年每股收益估计值 5.15 美元开始计算，并假设到 2031 年每年增长 7%-10%，我们的每股收益范围为 10.10 美元至 13.40 美元。将 20 倍市盈率放在该市盈率上，目标价约为每股 200-270 美元。因此，在 235 美元左右的中点，股价将比当前水平上涨约 90%，即年化上涨约 6.5%。这当然不是一个糟糕的回报，当我们加上股息时，我们将获得大约7%的年化回报率。另一方面，我相信这也不是一个惊人的大回报。</blockquote></p><p></p><p> AAPL has, I believe, significant upside potential over the next decade, but that should not be a large surprise - many companies will see significant growth over a time span this long. I personally am not too excited about a 7% expected long-term return. When we consider that shares do have considerable downside risk in the next 1-3 years if Apple's valuation declines, e.g. due to rising interest rates, it may be a better choice to stay on the sidelines for now. Long-term investors will likely not do badly when they buy shares at current levels, but they will likely also not do great. For now, I'd rate Apple a hold, and a potential buy if its valuation comes closer to the longer-term average. Those that are more optimistic about new product launches may disagree and favor buying here, but it could turn out that waiting for a better opportunity is the best choice here.</p><p><blockquote>我相信，AAPL 在未来十年具有巨大的上涨潜力，但这并不令人意外——许多公司将在这么长的时间内实现显着增长。我个人对7%的预期长期回报不太兴奋。当我们考虑到如果苹果估值下降（例如由于利率上升），未来1-3年内股价确实存在相当大的下行风险时，暂时保持观望可能是更好的选择。长期投资者在当前水平购买股票时可能不会表现不佳，但也可能不会表现得很好。目前，我将苹果评级为持有，如果其估值接近长期平均水平，则可能会买入。那些对新产品发布更乐观的人可能不同意，更喜欢在这里购买，但事实证明，等待更好的机会是这里的最佳选择。</blockquote></p><p> Summing it up, I'd say shares do have significant upside potential over the next decade, but the upside potential is not large enough to make me buy shares at current, elevated, valuations.</p><p><blockquote>总而言之，我想说股票在未来十年确实具有巨大的上涨潜力，但上涨潜力还不足以让我以当前较高的估值购买股票。</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>Where Will Apple Stock Be In 10 Years? What To Consider<blockquote>10年后苹果股票会在哪里？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\">\nWhere Will Apple Stock Be In 10 Years? What To Consider<blockquote>10年后苹果股票会在哪里？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\">2021-06-04 15:56</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>Apple has been a great investment over the last decade, but the next decade may look quite different.</li>  <li>Apple has seen its growth slow down over the last decade, and it will likely not be a growth monster in the coming years, either.</li>  <li>Shares have ample long-term upside, but investors should consider the current valuation before jumping to decisions.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9f2ea192ed76d9772c2c6a820098faf5\" tg-width=\"1536\" tg-height=\"1024\" referrerpolicy=\"no-referrer\"><span>Photo by Paopano/iStock Editorial via Getty Images</span></p><p><blockquote><ul><li>苹果在过去十年中是一项伟大的投资，但未来十年可能会大不相同。</li><li>苹果在过去十年中增长放缓，未来几年也不太可能成为增长怪物。</li><li>股票具有充足的长期上涨空间，但投资者在做出决定之前应考虑当前的估值。</li></ul><p class=\"t-img-caption\"><span>摄影：Paopano/iStock 社论来自 Getty Images</span></p></blockquote></p><p> <b>Article Thesis</b></p><p><blockquote><b>文章论文</b></blockquote></p><p> Apple (AAPL) has been one of the best investments one could have made over the last decade. Over the next decade, its growth may not be the same, however. Yet, thanks to massive shareholder return programs and a move towards services, Apple's stock will likely still be significantly higher a decade from now - even though the current valuation is rather high.</p><p><blockquote>苹果 (AAPL) 是过去十年中最好的投资之一。然而，在接下来的十年里，它的增长可能不会一样。然而，由于大规模的股东回报计划和向服务业的转变，十年后苹果的股价可能仍会大幅上涨——尽管目前的估值相当高。</blockquote></p><p> <b>Apple Stock Price</b></p><p><blockquote><b>苹果股价</b></blockquote></p><p> Over the last decade, Apple Inc. has been a great investment:</p><p><blockquote>在过去十年中，苹果公司一直是一项伟大的投资：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5d29aa34bdbc5bab7d0730a4095954e6\" tg-width=\"635\" tg-height=\"419\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据由YCharts提供</span></p></blockquote></p><p> Shares have returned 900% in those ten years, before dividends, for a compounded annual return of approximately 26%, easily trouncing the returns of the broad market during that time frame. Importantly, shares have risen a lot more than the company's market capitalization, which grew by only 550% over the last decade. The difference can be explained by the company's large share repurchase programs, which have lowered the share count drastically over the last decade. The last decade, of course, was a highly successful period for Apple on a business basis, as the company benefited from the rise of smartphones while also having success with new products such as its Watch and tablets, which Apple more or less introduced as a new product category. Right now, shares trade for $125, up 57% over the last twelve months, but down 6% in 2021 to date. Following strong gains during 2020, shares seem to be in a consolidation pattern for now, which is not too much of a surprise, as Apple's valuation had expanded a lot in the recent past, and it seems that the company's business growth has to catch up to the recent share price increases now. The current consensus price target is $156, which implies an upside potential of 25%. Since there are no signs of shares leaving their current trading range right now, I personally do not think that Apple will breach $150 in the near term.</p><p><blockquote>在这十年中，扣除股息前的股票回报率为 900%，年复合回报率约为 26%，轻松超过了该时期大盘的回报率。重要的是，股价的涨幅远远超过了公司的市值，而公司的市值在过去十年中仅增长了 550%。这种差异可以用该公司的大规模股票回购计划来解释，该计划在过去十年中大幅降低了股票数量。当然，过去十年对苹果来说是一个非常成功的商业时期，因为该公司受益于智能手机的崛起，同时在手表和平板电脑等新产品方面也取得了成功，苹果或多或少地将其作为一个新的产品类别推出。目前，股价为 125 美元，比过去 12 个月上涨了 57%，但 2021 年迄今下跌了 6%。继2020年强劲上涨之后，股价目前似乎处于盘整模式，这并不奇怪，因为苹果的估值在最近的过去扩大了很多，而且该公司的业务增长似乎必须赶上最近的股价上涨。目前一致的目标价为 156 美元，这意味着上涨潜力为 25%。由于目前没有迹象表明股票会离开当前的交易区间，我个人认为苹果短期内不会突破150美元。</blockquote></p><p> <b>Where Will Apple Stock Be In 10 Years</b></p><p><blockquote><b>苹果股票10年后会在哪里</b></blockquote></p><p> Apple's stock price in 2031 is, of course, nothing that can be forecasted with any precision. As history has shown, again and again, it is not even possible to forecast share prices precisely over a much shorter period of time. It is, however, possible to craft scenarios to see where share prices could be in the future under certain conditions, to get a feel for what might be a reasonable expectation for the future.</p><p><blockquote>当然，2031年苹果的股价是无法精确预测的。历史一次又一次地表明，甚至不可能在更短的时间内准确预测股价。然而，可以制定情景，看看在特定条件下未来股价可能会处于什么位置，以了解对未来的合理预期。</blockquote></p><p> To craft one such scenario, we have to consider Apple's business growth, Apple's shareholder return program, and the valuation multiple that shares might trade at in the future.</p><p><blockquote>为了制定这样一个场景，我们必须考虑苹果的业务增长、苹果的股东回报计划以及股票未来可能交易的估值倍数。</blockquote></p><p> <b>Apple's business growth</b></p><p><blockquote><b>苹果的业务增长</b></blockquote></p><p> Apple Inc. has seen years of stronger growth and years of weaker growth in the past. This mostly can be explained by factors such as new product introductions, e.g. Watch or iPad, and by the strength of the respective current iPhone models, which see varying demand depending on the year. Other factors, such as economic growth or trade issues, play a role as well.</p><p><blockquote>苹果公司过去经历了几年的强劲增长和几年的疲软增长。这主要可以用新产品推出等因素来解释。手表或iPad，以及各自当前iPhone型号的实力，这些型号的需求因年份而异。其他因素，如经济增长或贸易问题，也起着一定的作用。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a5b8bd8ef6cdaa13850c1380e870554c\" tg-width=\"635\" tg-height=\"419\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据由YCharts提供</span></p></blockquote></p><p> Overall, revenues have grown by 154% over the last decade, but as we see in the above chart, revenue growth has been relatively uneven. During the early 2010s, Apple generated massive growth on the back of the iPhones \"road to victory\", whereas revenue growth declined to a much slower pace in the following years. There were even some years during which revenues declined on a year-over-year basis, such as 2016. The average annual revenue growth pace was 10% over the last decade, but when we factor in that this was lifted up by the very strong growth in 2011 and 2012, it may not be too reasonable to assume that Apple will grow by 10% a year in the future, too. Investors should also consider that maintaining a high growth rate becomes ever more difficult the larger a company gets. This does, however, not mean that Apple's revenue growth will slow down to zero.</p><p><blockquote>总体而言，过去十年收入增长了 154%，但正如我们在上图中看到的，收入增长相对不均衡。在2010年代初，苹果在iPhone“胜利之路”的支持下实现了巨大的增长，而在接下来的几年里，收入增长放缓得多。甚至有一些年份收入同比下降，例如2016年。过去十年的平均年收入增长率为10%，但当我们考虑到2011年和2012年非常强劲的增长推动了这一增长时，假设苹果未来每年也将增长10%可能不太合理。投资者还应该考虑到，公司规模越大，保持高增长率就越困难。然而，这并不意味着苹果的收入增长将放缓至零。</blockquote></p><p></p><p> On the back of price increases for its products and the potential for market share gains in&nbsp;high-growth countries such as China, where more and more people will be able to buy Apple's higher-priced products, it seems reasonable to assume that Apple will generate at least some growth from its core businesses. Add in growth in the services segment - people use their phones more and more, which should lead to higher app spending - and consider the potential for new product launches (although I assume none will be as massive as the iPhone), and Apple should be able to grow its business at a solid pace. I personally assume that a 5%-7% revenue growth rate could be a realistic estimate for the coming years, although some readers will of course have different opinions.</p><p><blockquote>在苹果产品价格上涨以及在中国等高增长国家市场份额增长潜力的背景下，越来越多的人将能够购买苹果价格更高的产品，似乎有理由假设苹果将至少从其核心业务中产生一些增长。再加上服务领域的增长——人们越来越多地使用手机，这应该会导致应用程序支出增加——并考虑新产品发布的潜力（尽管我认为没有一款产品会像 iPhone 那样大规模），苹果应该能够以坚实的速度发展其业务。我个人认为，未来几年5%-7%的收入增长率可能是一个现实的估计，尽管一些读者当然会有不同的看法。</blockquote></p><p> <b>Apple's shareholder returns</b></p><p><blockquote><b>苹果股东回报</b></blockquote></p><p> Apple has lowered its share count massively in the past, as shown above, and it is, I believe, reasonable to assume that the same will happen going forward. Over the last decade, Apple bought back 36% of its shares. If the same were to happen over the next decade, each remaining share's portion of the company's value would rise by 56%, or 4.6% annualized. Due to the fact that Apple's current valuation is significantly higher than its historic valuation, buybacks could be less impactful in the future, though. Apple has, for example, only reduced its share count by 2.6% over the last year.</p><p><blockquote>如上所示，苹果过去曾大幅降低其股票数量，我相信，有理由假设未来也会发生同样的情况。过去十年，苹果回购了 36% 的股份。如果未来十年发生同样的情况，每股剩余股份在公司价值中所占份额将增长 56%，即年化增长 4.6%。不过，由于苹果目前的估值明显高于其历史估值，回购在未来的影响可能会较小。例如，苹果去年仅将其股票数量减少了 2.6%。</blockquote></p><p> This is why I believe that the share count will not decline by another 36% over the coming decade. When we adjust that downward to 25%, this would result in a ~3% annual tailwind for Apple's growth when we look at per-share metrics, which are the deciding factor for Apple's share price growth. Combined with my 5%-7% business growth estimate, I thus assume that Apple will grow by 8%-10% on a per-share basis in the long term.</p><p><blockquote>这就是为什么我相信未来十年股份数量不会再下降36%。当我们将其向下调整至 25% 时，当我们查看每股指标时，这将为苹果的增长带来约 3% 的年度推动力，而每股指标是苹果股价增长的决定性因素。结合我 5%-7% 的业务增长预期，我因此假设苹果从长远来看每股将增长 8%-10%。</blockquote></p><p> <b>Apple's future valuation</b></p><p><blockquote><b>苹果未来估值</b></blockquote></p><p> AAPL has been valued in a very wide range in the past, seeing its shares trade for very low multiples at some points, whereas investors were willing to pay significantly more at other times:</p><p><blockquote>AAPL 过去的估值范围非常广泛，其股票交易倍数在某些时候非常低，而投资者则愿意在其他时候支付更高的价格：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/be5cb8bbc04ff0e0a13ee64f6f2bd90a\" tg-width=\"635\" tg-height=\"470\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据由YCharts提供</span></p></blockquote></p><p> Shares could, five years ago, be bought for a very low 10x net earnings, which naturally was a great time to enter or expand positions. In late 2020, however, shares were trading for as much as 40x the company's net earnings, which seems like a quite high valuation. Right now, AAPL trades at 28x trailing earnings, and at around 24x forward profits. In the above chart, we also see the median earnings multiples over the last 3, 5, 7, and 10 years. It is pretty clear that Apple's valuation has expanded over the years, which is why the median values are higher for the shorter \"lookback\" periods. I do not believe that AAPL will trade at the 15.5x net earnings that it has traded at, on average, over the last decade, as this seems like a rather low valuation for a quality company like Apple with a strong brand, massive scale, great margins, and a fortress balance sheet. On the other hand, I also don't believe that Apple will trade at a 24-28x earnings multiple forever - for a company that generates solid but unspectacular business growth in the mid-single-digits, that seems quite expensive. This is especially true when we consider that interest rates will likely be higher a decade from now, which should pressure valuations for all equities, all else equal. I thus believe that a valuation of around 20x net earnings could be a reasonable estimate for 2031, which would be more or less in line with the 3-year median earnings multiple.</p><p><blockquote>五年前，可以以非常低的 10 倍净利润购买股票，这自然是进入或扩大头寸的好时机。然而，到 2020 年底，股价交易价格高达公司净利润的 40 倍，这似乎是一个相当高的估值。目前，AAPL 的历史市盈率为 28 倍，远期利润约为 24 倍。在上图中，我们还看到了过去 3 年、5 年、7 年和 10 年的中位数收益倍数。很明显，苹果的估值多年来一直在扩大，这就是为什么在较短的“回顾”期间，中值更高。我不相信 AAPL 的交易价格会达到过去十年平均净利润的 15.5 倍，因为对于苹果这样一家拥有强大品牌、庞大规模、巨大利润和堡垒资产负债表的优质公司来说，这似乎是一个相当低的估值。另一方面，我也不相信苹果会永远以 24-28 倍的市盈率进行交易——对于一家以中个位数实现稳健但并不引人注目的业务增长的公司来说，这似乎相当昂贵。当我们考虑到十年后利率可能会更高时，情况尤其如此，这应该会给所有股票的估值带来压力，而其他条件相同。因此，我认为 2031 年净利润 20 倍左右的估值可能是一个合理的估计，这或多或少与 3 年市盈率中位数一致。</blockquote></p><p> <b>Is AAPL A Buy Or Sell Now</b></p><p><blockquote><b>AAPL 现在是买入还是卖出</b></blockquote></p><p> Starting our calculation with an EPS estimate of $5.15 for 2021 and assuming that this will grow by 7%-10% a year through 2031, we reach an EPS range of $10.10 to $13.40. Putting a 20x earnings multiple on that leads to a target price of around $200-$270/share. At the midpoint of around $235, shares would thus see gains of around 90% from the current level, or around 6.5% annualized. That surely is not a bad return, and when we add in the dividend, we would get to an annualized return of roughly 7%. This is, on the other hand, also not an outrageously great return, I believe.</p><p><blockquote>从 2021 年每股收益估计值 5.15 美元开始计算，并假设到 2031 年每年增长 7%-10%，我们的每股收益范围为 10.10 美元至 13.40 美元。将 20 倍市盈率放在该市盈率上，目标价约为每股 200-270 美元。因此，在 235 美元左右的中点，股价将比当前水平上涨约 90%，即年化上涨约 6.5%。这当然不是一个糟糕的回报，当我们加上股息时，我们将获得大约7%的年化回报率。另一方面，我相信这也不是一个惊人的大回报。</blockquote></p><p></p><p> AAPL has, I believe, significant upside potential over the next decade, but that should not be a large surprise - many companies will see significant growth over a time span this long. I personally am not too excited about a 7% expected long-term return. When we consider that shares do have considerable downside risk in the next 1-3 years if Apple's valuation declines, e.g. due to rising interest rates, it may be a better choice to stay on the sidelines for now. Long-term investors will likely not do badly when they buy shares at current levels, but they will likely also not do great. For now, I'd rate Apple a hold, and a potential buy if its valuation comes closer to the longer-term average. Those that are more optimistic about new product launches may disagree and favor buying here, but it could turn out that waiting for a better opportunity is the best choice here.</p><p><blockquote>我相信，AAPL 在未来十年具有巨大的上涨潜力，但这并不令人意外——许多公司将在这么长的时间内实现显着增长。我个人对7%的预期长期回报不太兴奋。当我们考虑到如果苹果估值下降（例如由于利率上升），未来1-3年内股价确实存在相当大的下行风险时，暂时保持观望可能是更好的选择。长期投资者在当前水平购买股票时可能不会表现不佳，但也可能不会表现得很好。目前，我将苹果评级为持有，如果其估值接近长期平均水平，则可能会买入。那些对新产品发布更乐观的人可能不同意，更喜欢在这里购买，但事实证明，等待更好的机会是这里的最佳选择。</blockquote></p><p> Summing it up, I'd say shares do have significant upside potential over the next decade, but the upside potential is not large enough to make me buy shares at current, elevated, valuations.</p><p><blockquote>总而言之，我想说股票在未来十年确实具有巨大的上涨潜力，但上涨潜力还不足以让我以当前较高的估值购买股票。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4432703-apple-stock-in-10-years\">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":{"AAPL":"苹果"},"source_url":"https://seekingalpha.com/article/4432703-apple-stock-in-10-years","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1122373606","content_text":"Summary\n\nApple has been a great investment over the last decade, but the next decade may look quite different.\nApple has seen its growth slow down over the last decade, and it will likely not be a growth monster in the coming years, either.\nShares have ample long-term upside, but investors should consider the current valuation before jumping to decisions.\n\nPhoto by Paopano/iStock Editorial via Getty Images\nArticle Thesis\nApple (AAPL) has been one of the best investments one could have made over the last decade. Over the next decade, its growth may not be the same, however. Yet, thanks to massive shareholder return programs and a move towards services, Apple's stock will likely still be significantly higher a decade from now - even though the current valuation is rather high.\nApple Stock Price\nOver the last decade, Apple Inc. has been a great investment:\nData by YCharts\nShares have returned 900% in those ten years, before dividends, for a compounded annual return of approximately 26%, easily trouncing the returns of the broad market during that time frame. Importantly, shares have risen a lot more than the company's market capitalization, which grew by only 550% over the last decade. The difference can be explained by the company's large share repurchase programs, which have lowered the share count drastically over the last decade. The last decade, of course, was a highly successful period for Apple on a business basis, as the company benefited from the rise of smartphones while also having success with new products such as its Watch and tablets, which Apple more or less introduced as a new product category. Right now, shares trade for $125, up 57% over the last twelve months, but down 6% in 2021 to date. Following strong gains during 2020, shares seem to be in a consolidation pattern for now, which is not too much of a surprise, as Apple's valuation had expanded a lot in the recent past, and it seems that the company's business growth has to catch up to the recent share price increases now. The current consensus price target is $156, which implies an upside potential of 25%. Since there are no signs of shares leaving their current trading range right now, I personally do not think that Apple will breach $150 in the near term.\nWhere Will Apple Stock Be In 10 Years\nApple's stock price in 2031 is, of course, nothing that can be forecasted with any precision. As history has shown, again and again, it is not even possible to forecast share prices precisely over a much shorter period of time. It is, however, possible to craft scenarios to see where share prices could be in the future under certain conditions, to get a feel for what might be a reasonable expectation for the future.\nTo craft one such scenario, we have to consider Apple's business growth, Apple's shareholder return program, and the valuation multiple that shares might trade at in the future.\nApple's business growth\nApple Inc. has seen years of stronger growth and years of weaker growth in the past. This mostly can be explained by factors such as new product introductions, e.g. Watch or iPad, and by the strength of the respective current iPhone models, which see varying demand depending on the year. Other factors, such as economic growth or trade issues, play a role as well.\nData by YCharts\nOverall, revenues have grown by 154% over the last decade, but as we see in the above chart, revenue growth has been relatively uneven. During the early 2010s, Apple generated massive growth on the back of the iPhones \"road to victory\", whereas revenue growth declined to a much slower pace in the following years. There were even some years during which revenues declined on a year-over-year basis, such as 2016. The average annual revenue growth pace was 10% over the last decade, but when we factor in that this was lifted up by the very strong growth in 2011 and 2012, it may not be too reasonable to assume that Apple will grow by 10% a year in the future, too. Investors should also consider that maintaining a high growth rate becomes ever more difficult the larger a company gets. This does, however, not mean that Apple's revenue growth will slow down to zero.\nOn the back of price increases for its products and the potential for market share gains in high-growth countries such as China, where more and more people will be able to buy Apple's higher-priced products, it seems reasonable to assume that Apple will generate at least some growth from its core businesses. Add in growth in the services segment - people use their phones more and more, which should lead to higher app spending - and consider the potential for new product launches (although I assume none will be as massive as the iPhone), and Apple should be able to grow its business at a solid pace. I personally assume that a 5%-7% revenue growth rate could be a realistic estimate for the coming years, although some readers will of course have different opinions.\nApple's shareholder returns\nApple has lowered its share count massively in the past, as shown above, and it is, I believe, reasonable to assume that the same will happen going forward. Over the last decade, Apple bought back 36% of its shares. If the same were to happen over the next decade, each remaining share's portion of the company's value would rise by 56%, or 4.6% annualized. Due to the fact that Apple's current valuation is significantly higher than its historic valuation, buybacks could be less impactful in the future, though. Apple has, for example, only reduced its share count by 2.6% over the last year.\nThis is why I believe that the share count will not decline by another 36% over the coming decade. When we adjust that downward to 25%, this would result in a ~3% annual tailwind for Apple's growth when we look at per-share metrics, which are the deciding factor for Apple's share price growth. Combined with my 5%-7% business growth estimate, I thus assume that Apple will grow by 8%-10% on a per-share basis in the long term.\nApple's future valuation\nAAPL has been valued in a very wide range in the past, seeing its shares trade for very low multiples at some points, whereas investors were willing to pay significantly more at other times:\nData by YCharts\nShares could, five years ago, be bought for a very low 10x net earnings, which naturally was a great time to enter or expand positions. In late 2020, however, shares were trading for as much as 40x the company's net earnings, which seems like a quite high valuation. Right now, AAPL trades at 28x trailing earnings, and at around 24x forward profits. In the above chart, we also see the median earnings multiples over the last 3, 5, 7, and 10 years. It is pretty clear that Apple's valuation has expanded over the years, which is why the median values are higher for the shorter \"lookback\" periods. I do not believe that AAPL will trade at the 15.5x net earnings that it has traded at, on average, over the last decade, as this seems like a rather low valuation for a quality company like Apple with a strong brand, massive scale, great margins, and a fortress balance sheet. On the other hand, I also don't believe that Apple will trade at a 24-28x earnings multiple forever - for a company that generates solid but unspectacular business growth in the mid-single-digits, that seems quite expensive. This is especially true when we consider that interest rates will likely be higher a decade from now, which should pressure valuations for all equities, all else equal. I thus believe that a valuation of around 20x net earnings could be a reasonable estimate for 2031, which would be more or less in line with the 3-year median earnings multiple.\nIs AAPL A Buy Or Sell Now\nStarting our calculation with an EPS estimate of $5.15 for 2021 and assuming that this will grow by 7%-10% a year through 2031, we reach an EPS range of $10.10 to $13.40. Putting a 20x earnings multiple on that leads to a target price of around $200-$270/share. At the midpoint of around $235, shares would thus see gains of around 90% from the current level, or around 6.5% annualized. That surely is not a bad return, and when we add in the dividend, we would get to an annualized return of roughly 7%. This is, on the other hand, also not an outrageously great return, I believe.\nAAPL has, I believe, significant upside potential over the next decade, but that should not be a large surprise - many companies will see significant growth over a time span this long. I personally am not too excited about a 7% expected long-term return. When we consider that shares do have considerable downside risk in the next 1-3 years if Apple's valuation declines, e.g. due to rising interest rates, it may be a better choice to stay on the sidelines for now. Long-term investors will likely not do badly when they buy shares at current levels, but they will likely also not do great. For now, I'd rate Apple a hold, and a potential buy if its valuation comes closer to the longer-term average. Those that are more optimistic about new product launches may disagree and favor buying here, but it could turn out that waiting for a better opportunity is the best choice here.\nSumming it up, I'd say shares do have significant upside potential over the next decade, but the upside potential is not large enough to make me buy shares at current, elevated, valuations.","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":1476,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":118448468,"gmtCreate":1622759101754,"gmtModify":1634098421761,"author":{"id":"3569656843423150","authorId":"3569656843423150","name":"RIZALLL","avatar":"https://static.tigerbbs.com/51f3407d4e84a577b1644cef437e0daa","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569656843423150","idStr":"3569656843423150"},"themes":[],"title":"","htmlText":"like and comment&nbsp;","listText":"like and comment&nbsp;","text":"like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/118448468","repostId":"2140247164","repostType":4,"isVote":1,"tweetType":1,"viewCount":1575,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":118126045,"gmtCreate":1622724518487,"gmtModify":1634098737519,"author":{"id":"3569656843423150","authorId":"3569656843423150","name":"RIZALLL","avatar":"https://static.tigerbbs.com/51f3407d4e84a577b1644cef437e0daa","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569656843423150","idStr":"3569656843423150"},"themes":[],"title":"","htmlText":"like and comment&nbsp;","listText":"like and comment&nbsp;","text":"like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/118126045","repostId":"1140207862","repostType":4,"repost":{"id":"1140207862","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":1622722823,"share":"https://www.laohunote.com/m/news/1140207862?lang=zh_CN&edition=full","pubTime":"2021-06-03 20:20","market":"us","language":"en","title":"Toplines Before US Market Open on Thursday<blockquote>周四美国市场开盘前的顶线</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1140207862","media":"Tiger Newspress","summary":"Nasdaq futures lead stock dropMeme stocks fluctuated greatlyU.S. equity futures dropped with Europea","content":"<p><ul><li>Nasdaq futures lead stock drop</li></ul><ul><li>Meme&nbsp;stocks fluctuated greatly</li></ul>U.S. equity futures dropped with European stocks on Thursday as fresh geopolitical tensions added to investor concerns over inflation and a potential reduction in stimulus.World stocks stepped back from record highs on Thursday as investors weighed inflation concerns ahead of key U.S. economic data, while oil prices rose for a third straight session.</p><p><blockquote><ul><li>纳斯达克期货领跌股价下跌</li></ul><ul><li>模因股票大幅波动</li></ul>由于新的地缘政治紧张局势加剧了投资者对通胀和刺激措施可能减少的担忧，美国股指期货和欧洲股市周四下跌。由于投资者在美国关键经济数据公布前权衡通胀担忧，全球股市周四从历史高位回落，而油价连续第三个交易日上涨。</blockquote></p><p>At 8:12 a.m. ET, Dow e-minis were down 233 points, or 0.67%, S&amp;P 500 e-minis were down 33 points, or 0.78%, and Nasdaq 100 e-minis were down 149.25 points, or 1.09%.</p><p><blockquote>美国东部时间上午 8:12，道琼斯电子迷你指数下跌 233 点，跌幅 0.67%，标普500电子迷你指数下跌 33 点，跌幅 0.78%，纳斯达克 100 电子迷你指数下跌 149.25 点，跌幅 1.09%。</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a5551aa2c67b20860026ceb7c9155636\" tg-width=\"1080\" tg-height=\"405\" referrerpolicy=\"no-referrer\"><span>*Source From Tiger Trade, EST 08:12</span></p><p><blockquote><p class=\"t-img-caption\"><span>*来源：Tiger Trade，美国东部时间 08:12</span></p></blockquote></p><p>A weekly U.S. unemployment report and May private payrolls data on Thursday will be followed by the monthly jobs numbers on Friday. Investors will be looking for signs of an economic rebound and rising inflation.</p><p><blockquote>周四将公布每周美国失业报告和 5 月份私人就业数据，周五将公布月度就业数据。投资者将寻找经济反弹和通胀上升的迹象。</blockquote></p><p>Initial jobless claims fell below 400,000 for the first time since the early days of the Covid-19 pandemic as the labor market continues to recover, the Labor Department reported Thursday.</p><p><blockquote>美国劳工部周四报告称，随着劳动力市场持续复苏，首次申请失业救济人数自 Covid-19 大流行初期以来首次跌破 40 万人。</blockquote></p><p>Initial claims fell to 385,000 for the week ended May 29, a decline from the previous week's 405,000 and below the Dow Jones estimate of 393,000.</p><p><blockquote>截至 5 月 29 日当周，首次申请失业救济人数降至 385,000 人，低于前一周的 405,000 人，也低于道琼斯预期的 393,000 人。</blockquote></p><p><b>Stocks making the biggest moves in the premarket:</b></p><p><blockquote><b>盘前涨幅最大的股票：</b></blockquote></p><p><b>AMC Entertainment&nbsp;(AMC) </b>– AMC&nbsp;filed to sell up to 11.55 million common shares&nbsp;“from time to time,” according to a Securities and Exchange Commission filing, but cautioned against investing in the stock due to recent moves “unrelated to our underlying business.” AMC&nbsp;had initially surged in the premarket&nbsp;after nearly doubling Wednesday, but fell 9.7% after the filing.</p><p><blockquote><b>AMC院线（AMC）</b>- 根据美国证券交易委员会的一份文件，AMC 申请 “不时 ”出售多达 1155 万股普通股，但由于最近的举动 “与我们的基础业务无关 ”，AMC 警告不要投资该股票。AMC 在周三上涨近一倍后最初在盘前飙升，但在提交文件后下跌了 9.7%。</blockquote></p><p><b>BlackBerry&nbsp;(BB),Koss&nbsp;(KOSS),GameStop&nbsp;(GME),Bed Bath &amp; Beyond&nbsp;(BBBY)</b> – These stocks remain on watch today, after surging yesterday on investor enthusiasm for the so-called “meme” stocks. BlackBerry jumped 11.2% in the premarket, but Koss fell 10.1%, GameStop lost 2.3% and Bed Bath &amp; Beyond dropped 12.9% after soaring 62% Wednesday.</p><p><blockquote><b>黑莓 (BB)、科斯 (KOSS)、游戏驿站 (GME)、贝德巴斯及其他 (BBBY)</b>- 继昨天投资者对所谓 “迷因 ”股票的热情飙升之后，这些股票今天仍受到关注。黑莓盘前上涨 11.2%，但 Koss 下跌 10.1%，游戏驿站下跌 2.3%，Bed Bath &amp; Beyond 在周三飙升 62% 后下跌 12.9%。</blockquote></p><p><b>Express&nbsp;(EXPR) </b>– The apparel retailer reported a quarterly loss of 55 cents per share, smaller than the 58 cents a share that analysts were expecting. Revenue topped Street forecasts and Express said it expects sequential comparable sales improvement throughout this year. Its shares fell 7.1% in the premarket after an initial jump higher.</p><p><blockquote><b>快递（EXPR）</b>– 这家服装零售商公布季度亏损为每股 55 美分，低于分析师预期的每股 58 美分。收入超出了华尔街的预期，Express 表示预计今年全年可比销售额将连续改善。其股价在最初上涨后在盘前下跌 7.1%。</blockquote></p><p><b>Meredith Corp.&nbsp;(MDP) </b>– Meredith accepted a revised bid from&nbsp;Gray Television(GTN) for its local media group. Meredith shareholders will now receive $16.99 per share in cash, up from the prior $14.51 a share, plus one share in the new post-close version of Meredith.</p><p><blockquote><b>梅雷迪思公司 (MDP)</b>– Meredith 接受了 Gray Television (GTN) 对其当地媒体集团的修改后出价。Meredith 股东现在将获得每股 16.99 美元的现金，高于之前的每股 14.51 美元，外加一股新的 Meredith 收盘后版本的股票。</blockquote></p><p><b>Ciena&nbsp;(CIEN) </b>– The networking equipment and services company reported quarterly earnings of 62 cents per share, 14 cents a share above estimates. Revenue also came in above analysts’ projections. Ciena said it was helped by an improving market environment and a rebound in customer spending. Ciena gained 1.1% in premarket trading.</p><p><blockquote><b>Ciena（一百）</b>– 这家网络设备和服务公司公布的季度收益为每股 62 美分，比预期高出 14 美分。收入也高于分析师的预期。Ciena 表示，市场环境的改善和客户支出的反弹对此有所帮助。Ciena 在盘前交易中上涨 1.1%。</blockquote></p><p><b>J.M. Smucker&nbsp;(SJM)</b> – The food producer beat estimates by 22 cents a share, with quarterly profit of $1.89 per share. Revenue came in slightly above forecasts. Sales fell compared with a year earlier, however, when homebound consumers stocked up as the pandemic took hold. Smucker did issue an upbeat full-year earnings forecast.</p><p><blockquote><b>J.MSmucker（澳博）</b>– 这家食品生产商每股收益超出预期 22 美分，季度利润为每股 1.89 美元。收入略高于预期。然而，由于疫情蔓延，居家消费者囤货，销售额与去年同期相比有所下降。Smucker 确实发布了乐观的全年盈利预测。</blockquote></p><p><b>PVH&nbsp;(PVH)</b> – PVH earned $1.92 per share for its latest quarter, more than double the consensus estimate of 83 cents a share. The company behind apparel brands like Tommy Hilfiger and Calvin Klein also saw revenue beat estimates, and it also raised its full-year forecast.</p><p><blockquote><b>聚氯乙烯（PVH）</b>– PVH 最新季度每股收益为 1.92 美元，是市场普遍预期每股 83 美分的两倍多。Tommy Hilfiger 和 Calvin Klein 等服装品牌背后的公司收入也超出了预期，并上调了全年预测。</blockquote></p><p><b>Exxon Mobil&nbsp;(XOM)</b> – Exxon said in an SEC filing that hedge fund Engine No. 1&nbsp;had won a third seat on the energy giant’s board. Engine No. 1 – a small investor in Exxon – won a surprise victory with a campaign centered on environmental concerns.</p><p><blockquote><b>埃克森美孚（原始）</b>- 埃克森美孚在提交给美国证券交易委员会的文件中表示，对冲基金一号引擎赢得了这家能源巨头董事会的第三个席位。埃克森美孚的小投资者 Engine No. 1 凭借一场以环境问题为中心的活动赢得了意外的胜利。</blockquote></p><p><b>FireEye&nbsp;(FEYE) </b>– FireEye&nbsp;announced the sale&nbsp;of its security software products unit – along with the FireEye name – to private-equity firm Symphony Technology for $1.2 billion. The business that remains will be called Mandiant Solutions, the same name used by CEO Kevin Mandia’s business before its sale to FireEye in 2014. FireEye shares tumbled 7.5% in the premarket.</p><p><blockquote><b>火眼（FEYE）</b>– FireEye 宣布以 12 亿美元的价格将其安全软件产品部门以及 FireEye 名称出售给私募股权公司 Symphony Technology。保留下来的业务将被称为 Mandiant Solutions，这与首席执行官凯文-曼迪亚（Kevin Mandia）在 2014 年出售给 FireEye 之前的业务名称相同。FireEye 股价在盘前下跌 7.5%。</blockquote></p><p><b>Emergent BioSolutions&nbsp;(EBS)</b> – The Food and Drug Administration is working with&nbsp;Johnson &amp; Johnson&nbsp;(JNJ) and&nbsp;AstraZeneca&nbsp;(AZN) to ensure that Covid-19 vaccine doses produced at an Emergent plant in Baltimore are uncontaminated and safe to use. That comes after the plant accidentally contaminated doses of J&amp;J’s vaccine with the active ingredient in AstraZeneca’s treatment.</p><p><blockquote><b>新兴生物解决方案 (EBS)</b>– 美国食品和药物管理局正在与强生公司 (JNJ) 和阿斯利康公司 (AZN) 合作，以确保巴尔的摩一家紧急工厂生产的 Covid-19 疫苗剂量未受污染且可以安全使用。此前，该工厂在阿斯利康的治疗过程中意外污染了强生疫苗中的活性成分。</blockquote></p><p></p><p><b>Splunk&nbsp;(SPLK)</b> – Splunk reported a greater-than-expected loss for the first quarter, though the maker of network analytics software did see revenue beat Wall Street forecasts. Splunk has been transitioning customers to cloud-based versions of its software, and recurring cloud revenue did jump 83% during the quarter compared to a year ago. Splunk lost 5.1% in premarket trading.</p><p><blockquote><b>Splunk（SPLK）</b>– Splunk 公布第一季度亏损超出预期，尽管这家网络分析软件制造商的收入确实超出了华尔街的预测。Splunk 一直在将客户过渡到基于云的软件版本，与去年同期相比，本季度经常性云收入确实增长了 83%。Splunk 在盘前交易中下跌 5.1%。</blockquote></p><p><b>Tilray&nbsp;(TLRY)</b> – The cannabis producer’s shares rallied 3.6% in premarket trading after Cantor Fitzgerald rolled out new estimates after the completion of Tilray’s merger with Aphria and rated the stock “overweight.” Cantor cites the combined company’s scale as well as upbeat overseas prospects.</p><p><blockquote><b>蒂尔雷（TLRY）</b>- 在 Tilray 与 Aphria 的合并完成后，Cantor Fitzgerald 推出了新的估算，并将该股评级为 “跑赢大盘 ”，之后这家大麻生产商的股价在盘前交易中上涨了 3.6%。坎托列举了合并后公司的规模以及乐观的海外前景。</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>Toplines Before US Market Open on Thursday<blockquote>周四美国市场开盘前的顶线</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nToplines Before US Market Open on Thursday<blockquote>周四美国市场开盘前的顶线</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\">2021-06-03 20:20</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><ul><li>Nasdaq futures lead stock drop</li></ul><ul><li>Meme&nbsp;stocks fluctuated greatly</li></ul>U.S. equity futures dropped with European stocks on Thursday as fresh geopolitical tensions added to investor concerns over inflation and a potential reduction in stimulus.World stocks stepped back from record highs on Thursday as investors weighed inflation concerns ahead of key U.S. economic data, while oil prices rose for a third straight session.</p><p><blockquote><ul><li>纳斯达克期货领跌股价下跌</li></ul><ul><li>模因股票大幅波动</li></ul>由于新的地缘政治紧张局势加剧了投资者对通胀和刺激措施可能减少的担忧，美国股指期货和欧洲股市周四下跌。由于投资者在美国关键经济数据公布前权衡通胀担忧，全球股市周四从历史高位回落，而油价连续第三个交易日上涨。</blockquote></p><p>At 8:12 a.m. ET, Dow e-minis were down 233 points, or 0.67%, S&amp;P 500 e-minis were down 33 points, or 0.78%, and Nasdaq 100 e-minis were down 149.25 points, or 1.09%.</p><p><blockquote>美国东部时间上午 8:12，道琼斯电子迷你指数下跌 233 点，跌幅 0.67%，标普500电子迷你指数下跌 33 点，跌幅 0.78%，纳斯达克 100 电子迷你指数下跌 149.25 点，跌幅 1.09%。</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a5551aa2c67b20860026ceb7c9155636\" tg-width=\"1080\" tg-height=\"405\" referrerpolicy=\"no-referrer\"><span>*Source From Tiger Trade, EST 08:12</span></p><p><blockquote><p class=\"t-img-caption\"><span>*来源：Tiger Trade，美国东部时间 08:12</span></p></blockquote></p><p>A weekly U.S. unemployment report and May private payrolls data on Thursday will be followed by the monthly jobs numbers on Friday. Investors will be looking for signs of an economic rebound and rising inflation.</p><p><blockquote>周四将公布每周美国失业报告和 5 月份私人就业数据，周五将公布月度就业数据。投资者将寻找经济反弹和通胀上升的迹象。</blockquote></p><p>Initial jobless claims fell below 400,000 for the first time since the early days of the Covid-19 pandemic as the labor market continues to recover, the Labor Department reported Thursday.</p><p><blockquote>美国劳工部周四报告称，随着劳动力市场持续复苏，首次申请失业救济人数自 Covid-19 大流行初期以来首次跌破 40 万人。</blockquote></p><p>Initial claims fell to 385,000 for the week ended May 29, a decline from the previous week's 405,000 and below the Dow Jones estimate of 393,000.</p><p><blockquote>截至 5 月 29 日当周，首次申请失业救济人数降至 385,000 人，低于前一周的 405,000 人，也低于道琼斯预期的 393,000 人。</blockquote></p><p><b>Stocks making the biggest moves in the premarket:</b></p><p><blockquote><b>盘前涨幅最大的股票：</b></blockquote></p><p><b>AMC Entertainment&nbsp;(AMC) </b>– AMC&nbsp;filed to sell up to 11.55 million common shares&nbsp;“from time to time,” according to a Securities and Exchange Commission filing, but cautioned against investing in the stock due to recent moves “unrelated to our underlying business.” AMC&nbsp;had initially surged in the premarket&nbsp;after nearly doubling Wednesday, but fell 9.7% after the filing.</p><p><blockquote><b>AMC院线（AMC）</b>- 根据美国证券交易委员会的一份文件，AMC 申请 “不时 ”出售多达 1155 万股普通股，但由于最近的举动 “与我们的基础业务无关 ”，AMC 警告不要投资该股票。AMC 在周三上涨近一倍后最初在盘前飙升，但在提交文件后下跌了 9.7%。</blockquote></p><p><b>BlackBerry&nbsp;(BB),Koss&nbsp;(KOSS),GameStop&nbsp;(GME),Bed Bath &amp; Beyond&nbsp;(BBBY)</b> – These stocks remain on watch today, after surging yesterday on investor enthusiasm for the so-called “meme” stocks. BlackBerry jumped 11.2% in the premarket, but Koss fell 10.1%, GameStop lost 2.3% and Bed Bath &amp; Beyond dropped 12.9% after soaring 62% Wednesday.</p><p><blockquote><b>黑莓 (BB)、科斯 (KOSS)、游戏驿站 (GME)、贝德巴斯及其他 (BBBY)</b>- 继昨天投资者对所谓 “迷因 ”股票的热情飙升之后，这些股票今天仍受到关注。黑莓盘前上涨 11.2%，但 Koss 下跌 10.1%，游戏驿站下跌 2.3%，Bed Bath &amp; Beyond 在周三飙升 62% 后下跌 12.9%。</blockquote></p><p><b>Express&nbsp;(EXPR) </b>– The apparel retailer reported a quarterly loss of 55 cents per share, smaller than the 58 cents a share that analysts were expecting. Revenue topped Street forecasts and Express said it expects sequential comparable sales improvement throughout this year. Its shares fell 7.1% in the premarket after an initial jump higher.</p><p><blockquote><b>快递（EXPR）</b>– 这家服装零售商公布季度亏损为每股 55 美分，低于分析师预期的每股 58 美分。收入超出了华尔街的预期，Express 表示预计今年全年可比销售额将连续改善。其股价在最初上涨后在盘前下跌 7.1%。</blockquote></p><p><b>Meredith Corp.&nbsp;(MDP) </b>– Meredith accepted a revised bid from&nbsp;Gray Television(GTN) for its local media group. Meredith shareholders will now receive $16.99 per share in cash, up from the prior $14.51 a share, plus one share in the new post-close version of Meredith.</p><p><blockquote><b>梅雷迪思公司 (MDP)</b>– Meredith 接受了 Gray Television (GTN) 对其当地媒体集团的修改后出价。Meredith 股东现在将获得每股 16.99 美元的现金，高于之前的每股 14.51 美元，外加一股新的 Meredith 收盘后版本的股票。</blockquote></p><p><b>Ciena&nbsp;(CIEN) </b>– The networking equipment and services company reported quarterly earnings of 62 cents per share, 14 cents a share above estimates. Revenue also came in above analysts’ projections. Ciena said it was helped by an improving market environment and a rebound in customer spending. Ciena gained 1.1% in premarket trading.</p><p><blockquote><b>Ciena（一百）</b>– 这家网络设备和服务公司公布的季度收益为每股 62 美分，比预期高出 14 美分。收入也高于分析师的预期。Ciena 表示，市场环境的改善和客户支出的反弹对此有所帮助。Ciena 在盘前交易中上涨 1.1%。</blockquote></p><p><b>J.M. Smucker&nbsp;(SJM)</b> – The food producer beat estimates by 22 cents a share, with quarterly profit of $1.89 per share. Revenue came in slightly above forecasts. Sales fell compared with a year earlier, however, when homebound consumers stocked up as the pandemic took hold. Smucker did issue an upbeat full-year earnings forecast.</p><p><blockquote><b>J.MSmucker（澳博）</b>– 这家食品生产商每股收益超出预期 22 美分，季度利润为每股 1.89 美元。收入略高于预期。然而，由于疫情蔓延，居家消费者囤货，销售额与去年同期相比有所下降。Smucker 确实发布了乐观的全年盈利预测。</blockquote></p><p><b>PVH&nbsp;(PVH)</b> – PVH earned $1.92 per share for its latest quarter, more than double the consensus estimate of 83 cents a share. The company behind apparel brands like Tommy Hilfiger and Calvin Klein also saw revenue beat estimates, and it also raised its full-year forecast.</p><p><blockquote><b>聚氯乙烯（PVH）</b>– PVH 最新季度每股收益为 1.92 美元，是市场普遍预期每股 83 美分的两倍多。Tommy Hilfiger 和 Calvin Klein 等服装品牌背后的公司收入也超出了预期，并上调了全年预测。</blockquote></p><p><b>Exxon Mobil&nbsp;(XOM)</b> – Exxon said in an SEC filing that hedge fund Engine No. 1&nbsp;had won a third seat on the energy giant’s board. Engine No. 1 – a small investor in Exxon – won a surprise victory with a campaign centered on environmental concerns.</p><p><blockquote><b>埃克森美孚（原始）</b>- 埃克森美孚在提交给美国证券交易委员会的文件中表示，对冲基金一号引擎赢得了这家能源巨头董事会的第三个席位。埃克森美孚的小投资者 Engine No. 1 凭借一场以环境问题为中心的活动赢得了意外的胜利。</blockquote></p><p><b>FireEye&nbsp;(FEYE) </b>– FireEye&nbsp;announced the sale&nbsp;of its security software products unit – along with the FireEye name – to private-equity firm Symphony Technology for $1.2 billion. The business that remains will be called Mandiant Solutions, the same name used by CEO Kevin Mandia’s business before its sale to FireEye in 2014. FireEye shares tumbled 7.5% in the premarket.</p><p><blockquote><b>火眼（FEYE）</b>– FireEye 宣布以 12 亿美元的价格将其安全软件产品部门以及 FireEye 名称出售给私募股权公司 Symphony Technology。保留下来的业务将被称为 Mandiant Solutions，这与首席执行官凯文-曼迪亚（Kevin Mandia）在 2014 年出售给 FireEye 之前的业务名称相同。FireEye 股价在盘前下跌 7.5%。</blockquote></p><p><b>Emergent BioSolutions&nbsp;(EBS)</b> – The Food and Drug Administration is working with&nbsp;Johnson &amp; Johnson&nbsp;(JNJ) and&nbsp;AstraZeneca&nbsp;(AZN) to ensure that Covid-19 vaccine doses produced at an Emergent plant in Baltimore are uncontaminated and safe to use. That comes after the plant accidentally contaminated doses of J&amp;J’s vaccine with the active ingredient in AstraZeneca’s treatment.</p><p><blockquote><b>新兴生物解决方案 (EBS)</b>– 美国食品和药物管理局正在与强生公司 (JNJ) 和阿斯利康公司 (AZN) 合作，以确保巴尔的摩一家紧急工厂生产的 Covid-19 疫苗剂量未受污染且可以安全使用。此前，该工厂在阿斯利康的治疗过程中意外污染了强生疫苗中的活性成分。</blockquote></p><p></p><p><b>Splunk&nbsp;(SPLK)</b> – Splunk reported a greater-than-expected loss for the first quarter, though the maker of network analytics software did see revenue beat Wall Street forecasts. Splunk has been transitioning customers to cloud-based versions of its software, and recurring cloud revenue did jump 83% during the quarter compared to a year ago. Splunk lost 5.1% in premarket trading.</p><p><blockquote><b>Splunk（SPLK）</b>– Splunk 公布第一季度亏损超出预期，尽管这家网络分析软件制造商的收入确实超出了华尔街的预测。Splunk 一直在将客户过渡到基于云的软件版本，与去年同期相比，本季度经常性云收入确实增长了 83%。Splunk 在盘前交易中下跌 5.1%。</blockquote></p><p><b>Tilray&nbsp;(TLRY)</b> – The cannabis producer’s shares rallied 3.6% in premarket trading after Cantor Fitzgerald rolled out new estimates after the completion of Tilray’s merger with Aphria and rated the stock “overweight.” Cantor cites the combined company’s scale as well as upbeat overseas prospects.</p><p><blockquote><b>蒂尔雷（TLRY）</b>- 在 Tilray 与 Aphria 的合并完成后，Cantor Fitzgerald 推出了新的估算，并将该股评级为 “跑赢大盘 ”，之后这家大麻生产商的股价在盘前交易中上涨了 3.6%。坎托列举了合并后公司的规模以及乐观的海外前景。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TLRY":"Tilray Inc.","KOSS":"高斯电子","GME":"游戏驿站",".IXIC":"NASDAQ Composite","BB":"黑莓","AMC":"AMC院线",".SPX":"S&P 500 Index","EXPR":"Express, Inc.",".DJI":"道琼斯"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1140207862","content_text":"Nasdaq futures lead stock dropMeme stocks fluctuated greatlyU.S. equity futures dropped with European stocks on Thursday as fresh geopolitical tensions added to investor concerns over inflation and a potential reduction in stimulus.World stocks stepped back from record highs on Thursday as investors weighed inflation concerns ahead of key U.S. economic data, while oil prices rose for a third straight session.At 8:12 a.m. ET, Dow e-minis were down 233 points, or 0.67%, S&P 500 e-minis were down 33 points, or 0.78%, and Nasdaq 100 e-minis were down 149.25 points, or 1.09%.*Source From Tiger Trade, EST 08:12A weekly U.S. unemployment report and May private payrolls data on Thursday will be followed by the monthly jobs numbers on Friday. Investors will be looking for signs of an economic rebound and rising inflation.Initial jobless claims fell below 400,000 for the first time since the early days of the Covid-19 pandemic as the labor market continues to recover, the Labor Department reported Thursday.Initial claims fell to 385,000 for the week ended May 29, a decline from the previous week's 405,000 and below the Dow Jones estimate of 393,000.Stocks making the biggest moves in the premarket:AMC Entertainment (AMC) – AMC filed to sell up to 11.55 million common shares “from time to time,” according to a Securities and Exchange Commission filing, but cautioned against investing in the stock due to recent moves “unrelated to our underlying business.” AMC had initially surged in the premarket after nearly doubling Wednesday, but fell 9.7% after the filing.BlackBerry (BB),Koss (KOSS),GameStop (GME),Bed Bath & Beyond (BBBY) – These stocks remain on watch today, after surging yesterday on investor enthusiasm for the so-called “meme” stocks. BlackBerry jumped 11.2% in the premarket, but Koss fell 10.1%, GameStop lost 2.3% and Bed Bath & Beyond dropped 12.9% after soaring 62% Wednesday.Express (EXPR) – The apparel retailer reported a quarterly loss of 55 cents per share, smaller than the 58 cents a share that analysts were expecting. Revenue topped Street forecasts and Express said it expects sequential comparable sales improvement throughout this year. Its shares fell 7.1% in the premarket after an initial jump higher.Meredith Corp. (MDP) – Meredith accepted a revised bid from Gray Television(GTN) for its local media group. Meredith shareholders will now receive $16.99 per share in cash, up from the prior $14.51 a share, plus one share in the new post-close version of Meredith.Ciena (CIEN) – The networking equipment and services company reported quarterly earnings of 62 cents per share, 14 cents a share above estimates. Revenue also came in above analysts’ projections. Ciena said it was helped by an improving market environment and a rebound in customer spending. Ciena gained 1.1% in premarket trading.J.M. Smucker (SJM) – The food producer beat estimates by 22 cents a share, with quarterly profit of $1.89 per share. Revenue came in slightly above forecasts. Sales fell compared with a year earlier, however, when homebound consumers stocked up as the pandemic took hold. Smucker did issue an upbeat full-year earnings forecast.PVH (PVH) – PVH earned $1.92 per share for its latest quarter, more than double the consensus estimate of 83 cents a share. The company behind apparel brands like Tommy Hilfiger and Calvin Klein also saw revenue beat estimates, and it also raised its full-year forecast.Exxon Mobil (XOM) – Exxon said in an SEC filing that hedge fund Engine No. 1 had won a third seat on the energy giant’s board. Engine No. 1 – a small investor in Exxon – won a surprise victory with a campaign centered on environmental concerns.FireEye (FEYE) – FireEye announced the sale of its security software products unit – along with the FireEye name – to private-equity firm Symphony Technology for $1.2 billion. The business that remains will be called Mandiant Solutions, the same name used by CEO Kevin Mandia’s business before its sale to FireEye in 2014. FireEye shares tumbled 7.5% in the premarket.Emergent BioSolutions (EBS) – The Food and Drug Administration is working with Johnson & Johnson (JNJ) and AstraZeneca (AZN) to ensure that Covid-19 vaccine doses produced at an Emergent plant in Baltimore are uncontaminated and safe to use. That comes after the plant accidentally contaminated doses of J&J’s vaccine with the active ingredient in AstraZeneca’s treatment.Splunk (SPLK) – Splunk reported a greater-than-expected loss for the first quarter, though the maker of network analytics software did see revenue beat Wall Street forecasts. Splunk has been transitioning customers to cloud-based versions of its software, and recurring cloud revenue did jump 83% during the quarter compared to a year ago. Splunk lost 5.1% in premarket trading.Tilray (TLRY) – The cannabis producer’s shares rallied 3.6% in premarket trading after Cantor Fitzgerald rolled out new estimates after the completion of Tilray’s merger with Aphria and rated the stock “overweight.” Cantor cites the combined company’s scale as well as upbeat overseas 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please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/130872892","repostId":"2136010949","repostType":4,"isVote":1,"tweetType":1,"viewCount":914,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":194684148,"gmtCreate":1621377910284,"gmtModify":1634192114096,"author":{"id":"3569656843423150","authorId":"3569656843423150","name":"RIZALLL","avatar":"https://static.tigerbbs.com/51f3407d4e84a577b1644cef437e0daa","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569656843423150","idStr":"3569656843423150"},"themes":[],"title":"","htmlText":"comment and like please","listText":"comment and like please","text":"comment and like please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/194684148","repostId":"2135161248","repostType":4,"repost":{"id":"2135161248","kind":"news","pubTimestamp":1621343169,"share":"https://www.laohunote.com/m/news/2135161248?lang=zh_CN&edition=full","pubTime":"2021-05-18 21:06","market":"us","language":"en","title":"JD.com to Report Q1 Earnings: What's in the Cards?<blockquote>京东将公布第一季度收益：前景如何？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2135161248","media":"Zacks","summary":"JD.com, Inc. is scheduled to report first-quarter 2021 results on May 19.\nFor the first quarter, the","content":"<p><b>JD.com, Inc.</b>&nbsp;is scheduled to report first-quarter 2021 results on May 19.</p><p><blockquote><b>京东公司。</b>定于 5 月 19 日公布 2021 年第一季度业绩。</blockquote></p><p> For the first quarter, the Zacks Consensus Estimate for revenues is pegged at $29.9 billion, indicating an improvement of 44.9% from the year-ago reported figure.</p><p><blockquote>Zacks 对第一季度收入的一致预期为 299 亿美元，比去年同期报告的数字增长了 44.9%。</blockquote></p><p> Further, the consensus mark for earnings is pegged at 39 cents per share, indicating a 39.3% rise from the previous-year reported figure.</p><p><blockquote>此外，每股收益的共识为 39 美分，比上一年报告的数字增长了 39.3%。</blockquote></p><p> Notably, the company delivered an earnings surprise of 4.6% in the last reported quarter.</p><p><blockquote>值得注意的是，该公司在上一季度的盈利意外增长了 4.6%。</blockquote></p><p> <b>JD.com, Inc. Price and EPS Surprise</b></p><p><blockquote><b>京东公司。价格和每股收益惊喜</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c1fed1c36f6a8ce20878c0d2e594f77c\" tg-width=\"534\" tg-height=\"262\"><span>JD.com, Inc. price-eps-surprise | JD.com, Inc. Quote</span></p><p><blockquote><p class=\"t-img-caption\"><span>京东公司价格-每股收益-惊喜 |京东公司报价</span></p></blockquote></p><p> <b>Key Factors to Note</b></p><p><blockquote><b>需要注意的关键因素</b></blockquote></p><p> The company’s JD Retail segment, comprising the e-commerce business, is expected to have been the key catalyst in the first quarter.</p><p><blockquote>该公司的京东零售部门（包括电子商务业务）预计将成为第一季度的主要催化剂。</blockquote></p><p> The launch of flagship stores of popular fashion and luxury brands like John Lobb, Stefano Ricci, Vivienne Westwoodon and Anya Hindmarch, among others, on JD.com is likely to have driven customer momentum, which in turn is expected to have aided the performance of JD Retail during the quarter-to-be-reported.</p><p><blockquote>John Lobb、Stefano Ricci、Vivienne Westwoodon 和 Anya Hindmarch 等热门时尚和奢侈品牌在京东开设旗舰店可能会推动顾客增长，进而有望帮助京东零售在报告季度的表现。</blockquote></p><p> JD retail’s omni-channel initiatives are anticipated to have contributed well to top-line growth of the segment in the first quarter.</p><p><blockquote>京东零售的全渠道计划预计将极大地促进该部门第一季度的营收增长。</blockquote></p><p> Moreover, the company’s collaboration with Italian luxury brands Prada and MiuMiu, which bolstered its omni-channel efforts, might have been a positive.</p><p><blockquote>此外，该公司与意大利奢侈品牌 Prada 和 MiuMiu 的合作，加强了其全渠道业务，这可能是一个积极因素。</blockquote></p><p> Furthermore, growing momentum of JD health that offers free online medical consultation and online pharmacy retail services is likely to get reflected in the company’s to-be-reported quarter’s results.</p><p><blockquote>此外，京东健康提供免费在线医疗咨询和在线药房零售服务，其发展势头可能会反映在该公司即将公布的季度业绩中。</blockquote></p><p> Growing investments in research and development are also likely to have been encouraging for the company in the quarter under review.</p><p><blockquote>在本季度，不断增长的研发投资也可能对该公司来说是令人鼓舞的。</blockquote></p><p> Additionally, the new businesses segment comprising technology, supply chain and logistics services is expected to have helped it in gaining traction across lower-tier cities in the first quarter.</p><p><blockquote>此外，包括技术、供应链和物流服务在内的新业务部门预计将帮助其在第一季度在低线城市获得牵引力。</blockquote></p><p> Moreover, the well-performing Jingxi Business Group is expected to have aided JD.com’s performance in the lower-tier cities.</p><p><blockquote>此外，表现良好的京西商业集团有望帮助京东在低线城市的表现。</blockquote></p><p> However, increasing fulfilment, marketing, and research and development expenses are likely to have been major risks to the company’s profitability in the quarter under review.</p><p><blockquote>然而，履行、营销和研发费用的增加很可能是公司本季度盈利能力的主要风险。</blockquote></p><p> Moreover, increasing competitive pressure from Alibaba in the e-commerce market might be reflected in first-quarter results.</p><p><blockquote>此外，阿里巴巴-SW在电子商务市场上日益增加的竞争压力可能会反映在第一季度的业绩中。</blockquote></p><p> <b>What Our Model Says</b></p><p><blockquote><b>我们的模型说什么</b></blockquote></p><p> Our proven model does not conclusively predict an earnings beat for JD.com this time around. The combination of a positiveEarnings ESPand a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they’re reported with ourEarnings ESP Filter.</p><p><blockquote>我们经过验证的模型并不能最终预测京东这次的盈利会超出预期。正收益扩展 Zacks 排名 #1（强力买入）、2（买入）或 3（持有）的组合会增加收益超出预期的几率。但这里并非如此。使用 ourEarnings ESP 过滤器，您可以在股票被报道之前发现最值得买卖的股票。</blockquote></p><p> JD.com has an Earnings ESP of -14.83% and a Zacks Rank #5 (Strong Sell), at present.</p><p><blockquote>京东目前的盈利 ESP 为 -14.83%，Zacks 排名第 5（强力抛售）。</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.com to Report Q1 Earnings: What's in the Cards?<blockquote>京东将公布第一季度收益：前景如何？</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.com to Report Q1 Earnings: What's in the Cards?<blockquote>京东将公布第一季度收益：前景如何？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Zacks</strong><span class=\"h-time small\">2021-05-18 21:06</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>JD.com, Inc.</b>&nbsp;is scheduled to report first-quarter 2021 results on May 19.</p><p><blockquote><b>京东公司。</b>定于 5 月 19 日公布 2021 年第一季度业绩。</blockquote></p><p> For the first quarter, the Zacks Consensus Estimate for revenues is pegged at $29.9 billion, indicating an improvement of 44.9% from the year-ago reported figure.</p><p><blockquote>Zacks 对第一季度收入的一致预期为 299 亿美元，比去年同期报告的数字增长了 44.9%。</blockquote></p><p> Further, the consensus mark for earnings is pegged at 39 cents per share, indicating a 39.3% rise from the previous-year reported figure.</p><p><blockquote>此外，每股收益的共识为 39 美分，比上一年报告的数字增长了 39.3%。</blockquote></p><p> Notably, the company delivered an earnings surprise of 4.6% in the last reported quarter.</p><p><blockquote>值得注意的是，该公司在上一季度的盈利意外增长了 4.6%。</blockquote></p><p> <b>JD.com, Inc. Price and EPS Surprise</b></p><p><blockquote><b>京东公司。价格和每股收益惊喜</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c1fed1c36f6a8ce20878c0d2e594f77c\" tg-width=\"534\" tg-height=\"262\"><span>JD.com, Inc. price-eps-surprise | JD.com, Inc. Quote</span></p><p><blockquote><p class=\"t-img-caption\"><span>京东公司价格-每股收益-惊喜 |京东公司报价</span></p></blockquote></p><p> <b>Key Factors to Note</b></p><p><blockquote><b>需要注意的关键因素</b></blockquote></p><p> The company’s JD Retail segment, comprising the e-commerce business, is expected to have been the key catalyst in the first quarter.</p><p><blockquote>该公司的京东零售部门（包括电子商务业务）预计将成为第一季度的主要催化剂。</blockquote></p><p> The launch of flagship stores of popular fashion and luxury brands like John Lobb, Stefano Ricci, Vivienne Westwoodon and Anya Hindmarch, among others, on JD.com is likely to have driven customer momentum, which in turn is expected to have aided the performance of JD Retail during the quarter-to-be-reported.</p><p><blockquote>John Lobb、Stefano Ricci、Vivienne Westwoodon 和 Anya Hindmarch 等热门时尚和奢侈品牌在京东开设旗舰店可能会推动顾客增长，进而有望帮助京东零售在报告季度的表现。</blockquote></p><p> JD retail’s omni-channel initiatives are anticipated to have contributed well to top-line growth of the segment in the first quarter.</p><p><blockquote>京东零售的全渠道计划预计将极大地促进该部门第一季度的营收增长。</blockquote></p><p> Moreover, the company’s collaboration with Italian luxury brands Prada and MiuMiu, which bolstered its omni-channel efforts, might have been a positive.</p><p><blockquote>此外，该公司与意大利奢侈品牌 Prada 和 MiuMiu 的合作，加强了其全渠道业务，这可能是一个积极因素。</blockquote></p><p> Furthermore, growing momentum of JD health that offers free online medical consultation and online pharmacy retail services is likely to get reflected in the company’s to-be-reported quarter’s results.</p><p><blockquote>此外，京东健康提供免费在线医疗咨询和在线药房零售服务，其发展势头可能会反映在该公司即将公布的季度业绩中。</blockquote></p><p> Growing investments in research and development are also likely to have been encouraging for the company in the quarter under review.</p><p><blockquote>在本季度，不断增长的研发投资也可能对该公司来说是令人鼓舞的。</blockquote></p><p> Additionally, the new businesses segment comprising technology, supply chain and logistics services is expected to have helped it in gaining traction across lower-tier cities in the first quarter.</p><p><blockquote>此外，包括技术、供应链和物流服务在内的新业务部门预计将帮助其在第一季度在低线城市获得牵引力。</blockquote></p><p> Moreover, the well-performing Jingxi Business Group is expected to have aided JD.com’s performance in the lower-tier cities.</p><p><blockquote>此外，表现良好的京西商业集团有望帮助京东在低线城市的表现。</blockquote></p><p> However, increasing fulfilment, marketing, and research and development expenses are likely to have been major risks to the company’s profitability in the quarter under review.</p><p><blockquote>然而，履行、营销和研发费用的增加很可能是公司本季度盈利能力的主要风险。</blockquote></p><p> Moreover, increasing competitive pressure from Alibaba in the e-commerce market might be reflected in first-quarter results.</p><p><blockquote>此外，阿里巴巴-SW在电子商务市场上日益增加的竞争压力可能会反映在第一季度的业绩中。</blockquote></p><p> <b>What Our Model Says</b></p><p><blockquote><b>我们的模型说什么</b></blockquote></p><p> Our proven model does not conclusively predict an earnings beat for JD.com this time around. The combination of a positiveEarnings ESPand a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they’re reported with ourEarnings ESP Filter.</p><p><blockquote>我们经过验证的模型并不能最终预测京东这次的盈利会超出预期。正收益扩展 Zacks 排名 #1（强力买入）、2（买入）或 3（持有）的组合会增加收益超出预期的几率。但这里并非如此。使用 ourEarnings ESP 过滤器，您可以在股票被报道之前发现最值得买卖的股票。</blockquote></p><p> JD.com has an Earnings ESP of -14.83% and a Zacks Rank #5 (Strong Sell), at present.</p><p><blockquote>京东目前的盈利 ESP 为 -14.83%，Zacks 排名第 5（强力抛售）。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.zacks.com/stock/news/1541348/jdcom-jd-to-report-q1-earnings-whats-in-the-cards?art_rec=quote-stock_overview-zacks_news-ID02-txt-1541348\">Zacks</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":{"JD":"京东","09618":"京东集团-SW"},"source_url":"https://www.zacks.com/stock/news/1541348/jdcom-jd-to-report-q1-earnings-whats-in-the-cards?art_rec=quote-stock_overview-zacks_news-ID02-txt-1541348","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2135161248","content_text":"JD.com, Inc. is scheduled to report first-quarter 2021 results on May 19.\nFor the first quarter, the Zacks Consensus Estimate for revenues is pegged at $29.9 billion, indicating an improvement of 44.9% from the year-ago reported figure.\nFurther, the consensus mark for earnings is pegged at 39 cents per share, indicating a 39.3% rise from the previous-year reported figure.\nNotably, the company delivered an earnings surprise of 4.6% in the last reported quarter.\nJD.com, Inc. Price and EPS Surprise\nJD.com, Inc. price-eps-surprise | JD.com, Inc. Quote\nKey Factors to Note\nThe company’s JD Retail segment, comprising the e-commerce business, is expected to have been the key catalyst in the first quarter.\nThe launch of flagship stores of popular fashion and luxury brands like John Lobb, Stefano Ricci, Vivienne Westwoodon and Anya Hindmarch, among others, on JD.com is likely to have driven customer momentum, which in turn is expected to have aided the performance of JD Retail during the quarter-to-be-reported.\nJD retail’s omni-channel initiatives are anticipated to have contributed well to top-line growth of the segment in the first quarter.\nMoreover, the company’s collaboration with Italian luxury brands Prada and MiuMiu, which bolstered its omni-channel efforts, might have been a positive.\nFurthermore, growing momentum of JD health that offers free online medical consultation and online pharmacy retail services is likely to get reflected in the company’s to-be-reported quarter’s results.\nGrowing investments in research and development are also likely to have been encouraging for the company in the quarter under review.\nAdditionally, the new businesses segment comprising technology, supply chain and logistics services is expected to have helped it in gaining traction across lower-tier cities in the first quarter.\nMoreover, the well-performing Jingxi Business Group is expected to have aided JD.com’s performance in the lower-tier cities.\nHowever, increasing fulfilment, marketing, and research and development expenses are likely to have been major risks to the company’s profitability in the quarter under review.\nMoreover, increasing competitive pressure from Alibaba in the e-commerce market might be reflected in first-quarter results.\nWhat Our Model Says\nOur proven model does not conclusively predict an earnings beat for JD.com this time around. The combination of a positiveEarnings ESPand a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they’re reported with ourEarnings ESP Filter.\nJD.com has an Earnings ESP of -14.83% and a Zacks Rank #5 (Strong Sell), at present.","news_type":1,"symbols_score_info":{"JD":0.9,"09618":0.9}},"isVote":1,"tweetType":1,"viewCount":845,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":195699616,"gmtCreate":1621290817235,"gmtModify":1634192832281,"author":{"id":"3569656843423150","authorId":"3569656843423150","name":"RIZALLL","avatar":"https://static.tigerbbs.com/51f3407d4e84a577b1644cef437e0daa","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569656843423150","idStr":"3569656843423150"},"themes":[],"title":"","htmlText":"like and commweb please","listText":"like and commweb please","text":"like and commweb please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/195699616","repostId":"1167574964","repostType":4,"isVote":1,"tweetType":1,"viewCount":657,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":196632528,"gmtCreate":1621047241464,"gmtModify":1634194314819,"author":{"id":"3569656843423150","authorId":"3569656843423150","name":"RIZALLL","avatar":"https://static.tigerbbs.com/51f3407d4e84a577b1644cef437e0daa","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569656843423150","idStr":"3569656843423150"},"themes":[],"title":"","htmlText":"comment and like my post please","listText":"comment and like my post please","text":"comment and like my post please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/196632528","repostId":"1174509827","repostType":4,"repost":{"id":"1174509827","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga Earnings","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1621004388,"share":"https://www.laohunote.com/m/news/1174509827?lang=zh_CN&edition=full","pubTime":"2021-05-14 22:59","market":"us","language":"en","title":"Delta Mandates All New Employees Must Have COVID-19 Vaccinations<blockquote>达美航空要求所有新员工必须接种 COVID-19 疫苗</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1174509827","media":"Benzinga Earnings","summary":"Delta Air Lines, Inc. DAL 4.24% has announced a new corporate mandate requiring all future employees to be vaccinated against COVID-19 before joining the company.What Happened: The Atlanta-headquartered carrier issued a statement praising the vaccines for protecting individuals and speeding the end of the pandemic, adding that the new mandate will ensure its employees will not face a reprise of the health crisis.“Delta people have made great progress to achieve herd immunity within our workforce","content":"<p><b>Delta Air Lines, Inc.</b>&nbsp;DAL 4.24%&nbsp;has announced a new corporate mandate requiring all future employees to be vaccinated against COVID-19 before joining the company.</p><p><blockquote><b>达美航空公司。</b>DAL 4.24% 宣布了一项新的公司规定，要求所有未来的员工在加入公司前接种 COVID-19 疫苗。</blockquote></p><p> <b>What Happened:</b>&nbsp;The Atlanta-headquartered carrier issued a statement praising the vaccines for protecting individuals and speeding the end of the pandemic, adding that&nbsp;the new mandate will ensure its employees will not face a reprise of the health crisis.</p><p><blockquote><b>发生了什么：</b>这家总部位于亚特兰大的航空公司发表声明，称赞疫苗可以保护个人并加速疫情的结束，并补充说，新的授权将确保其员工不会面临健康危机的重演。</blockquote></p><p> “Delta people have made great progress to achieve herd immunity within our workforce, so to help us maintain that trajectory, we will be requiring all new hires in the U.S. to be vaccinated against COVID-19 unless they qualify for an accommodation,” said Elizabeth Ninomiya, manager of strategic communications. “This is an important move to protect our workforce and our customers as our business recovers and demand for air travel continues to rise.”</p><p><blockquote>“战略传播经理伊丽莎白-二宫（Elizabeth Ninomiya）说：”达美航空在实现员工队伍群体免疫方面取得了巨大进步，因此，为了帮助我们保持这一势头，我们将要求美国所有新员工接种 COVID-19 疫苗，除非他们有资格获得住宿。“随着我们业务的复苏和航空旅行需求的持续增长，这是保护我们员工和客户的重要举措”。</blockquote></p><p> Speaking on&nbsp;CNN, Delta CEO Ed Bastian clarified this mandate won't apply to current employees.</p><p><blockquote>达美航空首席执行官埃德·巴斯蒂安在接受美国有线电视新闻网采访时澄清说，这项规定不适用于现有员工。</blockquote></p><p> “I am not going to mandate and force people if they have some specific reason why they don’t want to get vaccinated,” he said. “I am going to strongly encourage them that they understand the risks of not getting vaccinated.”</p><p><blockquote>“他说：”如果人们有特定的理由不想接种疫苗，我不会强迫他们接种疫苗。“我将强烈鼓励他们了解不接种疫苗的风险”。</blockquote></p><p> However, he noted&nbsp;employees who are not vaccinated may be excluded from certain assignments, including international flights. He added that 60% of Delta’s workforce has at least one vaccine shot.</p><p><blockquote>然而，他指出，未接种疫苗的员工可能会被排除在某些任务之外，包括国际航班。他补充说，达美航空 60% 的员工至少接种过一次疫苗。</blockquote></p><p> <i>Related Link:CDC Says Fully Vaccinated People Can Mostly Stop Wearing Masks</i></p><p><blockquote><i>相关链接：疾病预防控制中心表示，完全接种疫苗的人大多可以停止戴口罩</i></blockquote></p><p> <b>Why It Matters:</b>&nbsp;Delta is the first U.S. carrier to announce it will only hire vaccinated individuals.The New York Timesreported&nbsp;<b>United Airlines Holdings&nbsp;Inc.</b>UAL 4.73%CEO Scott Kirby voiced his support for the idea in a video forum in January, but decided not to go forward because the carrier could not “realistically be the only company” to take this action.</p><p><blockquote><b>为什么重要：</b>达美航空是第一家宣布只雇用接种疫苗的个人的美国航空公司。《纽约时报》报道<b>联合航空控股公司。</b>UAL 4.73% 首席执行官斯科特-柯比（Scott Kirby）在 1 月份的一个视频论坛上表示支持这一想法，但决定不再推进，因为该航空公司不可能 “实际上是唯一一家 ”采取这一行动的公司。</blockquote></p><p> Although most schools in the U.S. require children to have certain vaccinations, there is no precedent for companies refusing to hire people based on their vaccination status.</p><p><blockquote>虽然美国大多数学校都要求孩子接种某些疫苗，但公司根据疫苗接种情况拒绝雇用员工的先例并没有。</blockquote></p><p> Current&nbsp;federal policy on employer-mandated vaccinations is focused on the rights of current employees, not potential hires.</p><p><blockquote>目前关于雇主强制接种疫苗的联邦政策侧重于现有雇员的权利，而不是潜在雇员的权利。</blockquote></p><p> The Equal Employment Opportunity Commission (EEOC) issued&nbsp;guidancelast December stating companies “may encourage or possibly require COVID-19 vaccinations” of its workforce, provided their policies are in compliance with workplace laws including the Americans with Disabilities Act and Title VII of the Civil Rights Act of 1964 (Title VII).</p><p><blockquote>平等就业机会委员会（EEOC）去年 12 月发布了指导意见，指出公司 “可以鼓励或可能要求 ”其员工接种 COVID-19 疫苗，前提是其政策符合工作场所法律，包括《美国残疾人法》和 1964 年民权法案第七章（第七章）。</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>Delta Mandates All New Employees Must Have COVID-19 Vaccinations<blockquote>达美航空要求所有新员工必须接种 COVID-19 疫苗</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\">\nDelta Mandates All New Employees Must Have COVID-19 Vaccinations<blockquote>达美航空要求所有新员工必须接种 COVID-19 疫苗</blockquote>\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga Earnings </p>\n<p class=\"h-time smaller\">2021-05-14 22:59</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p><b>Delta Air Lines, Inc.</b>&nbsp;DAL 4.24%&nbsp;has announced a new corporate mandate requiring all future employees to be vaccinated against COVID-19 before joining the company.</p><p><blockquote><b>达美航空公司。</b>DAL 4.24% 宣布了一项新的公司规定，要求所有未来的员工在加入公司前接种 COVID-19 疫苗。</blockquote></p><p> <b>What Happened:</b>&nbsp;The Atlanta-headquartered carrier issued a statement praising the vaccines for protecting individuals and speeding the end of the pandemic, adding that&nbsp;the new mandate will ensure its employees will not face a reprise of the health crisis.</p><p><blockquote><b>发生了什么：</b>这家总部位于亚特兰大的航空公司发表声明，称赞疫苗可以保护个人并加速疫情的结束，并补充说，新的授权将确保其员工不会面临健康危机的重演。</blockquote></p><p> “Delta people have made great progress to achieve herd immunity within our workforce, so to help us maintain that trajectory, we will be requiring all new hires in the U.S. to be vaccinated against COVID-19 unless they qualify for an accommodation,” said Elizabeth Ninomiya, manager of strategic communications. “This is an important move to protect our workforce and our customers as our business recovers and demand for air travel continues to rise.”</p><p><blockquote>“战略传播经理伊丽莎白-二宫（Elizabeth Ninomiya）说：”达美航空在实现员工队伍群体免疫方面取得了巨大进步，因此，为了帮助我们保持这一势头，我们将要求美国所有新员工接种 COVID-19 疫苗，除非他们有资格获得住宿。“随着我们业务的复苏和航空旅行需求的持续增长，这是保护我们员工和客户的重要举措”。</blockquote></p><p> Speaking on&nbsp;CNN, Delta CEO Ed Bastian clarified this mandate won't apply to current employees.</p><p><blockquote>达美航空首席执行官埃德·巴斯蒂安在接受美国有线电视新闻网采访时澄清说，这项规定不适用于现有员工。</blockquote></p><p> “I am not going to mandate and force people if they have some specific reason why they don’t want to get vaccinated,” he said. “I am going to strongly encourage them that they understand the risks of not getting vaccinated.”</p><p><blockquote>“他说：”如果人们有特定的理由不想接种疫苗，我不会强迫他们接种疫苗。“我将强烈鼓励他们了解不接种疫苗的风险”。</blockquote></p><p> However, he noted&nbsp;employees who are not vaccinated may be excluded from certain assignments, including international flights. He added that 60% of Delta’s workforce has at least one vaccine shot.</p><p><blockquote>然而，他指出，未接种疫苗的员工可能会被排除在某些任务之外，包括国际航班。他补充说，达美航空 60% 的员工至少接种过一次疫苗。</blockquote></p><p> <i>Related Link:CDC Says Fully Vaccinated People Can Mostly Stop Wearing Masks</i></p><p><blockquote><i>相关链接：疾病预防控制中心表示，完全接种疫苗的人大多可以停止戴口罩</i></blockquote></p><p> <b>Why It Matters:</b>&nbsp;Delta is the first U.S. carrier to announce it will only hire vaccinated individuals.The New York Timesreported&nbsp;<b>United Airlines Holdings&nbsp;Inc.</b>UAL 4.73%CEO Scott Kirby voiced his support for the idea in a video forum in January, but decided not to go forward because the carrier could not “realistically be the only company” to take this action.</p><p><blockquote><b>为什么重要：</b>达美航空是第一家宣布只雇用接种疫苗的个人的美国航空公司。《纽约时报》报道<b>联合航空控股公司。</b>UAL 4.73% 首席执行官斯科特-柯比（Scott Kirby）在 1 月份的一个视频论坛上表示支持这一想法，但决定不再推进，因为该航空公司不可能 “实际上是唯一一家 ”采取这一行动的公司。</blockquote></p><p> Although most schools in the U.S. require children to have certain vaccinations, there is no precedent for companies refusing to hire people based on their vaccination status.</p><p><blockquote>虽然美国大多数学校都要求孩子接种某些疫苗，但公司根据疫苗接种情况拒绝雇用员工的先例并没有。</blockquote></p><p> Current&nbsp;federal policy on employer-mandated vaccinations is focused on the rights of current employees, not potential hires.</p><p><blockquote>目前关于雇主强制接种疫苗的联邦政策侧重于现有雇员的权利，而不是潜在雇员的权利。</blockquote></p><p> The Equal Employment Opportunity Commission (EEOC) issued&nbsp;guidancelast December stating companies “may encourage or possibly require COVID-19 vaccinations” of its workforce, provided their policies are in compliance with workplace laws including the Americans with Disabilities Act and Title VII of the Civil Rights Act of 1964 (Title VII).</p><p><blockquote>平等就业机会委员会（EEOC）去年 12 月发布了指导意见，指出公司 “可以鼓励或可能要求 ”其员工接种 COVID-19 疫苗，前提是其政策符合工作场所法律，包括《美国残疾人法》和 1964 年民权法案第七章（第七章）。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DAL":"达美航空"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1174509827","content_text":"Delta Air Lines, Inc. DAL 4.24% has announced a new corporate mandate requiring all future employees to be vaccinated against COVID-19 before joining the company.\nWhat Happened: The Atlanta-headquartered carrier issued a statement praising the vaccines for protecting individuals and speeding the end of the pandemic, adding that the new mandate will ensure its employees will not face a reprise of the health crisis.\n“Delta people have made great progress to achieve herd immunity within our workforce, so to help us maintain that trajectory, we will be requiring all new hires in the U.S. to be vaccinated against COVID-19 unless they qualify for an accommodation,” said Elizabeth Ninomiya, manager of strategic communications. “This is an important move to protect our workforce and our customers as our business recovers and demand for air travel continues to rise.”\nSpeaking on CNN, Delta CEO Ed Bastian clarified this mandate won't apply to current employees.\n“I am not going to mandate and force people if they have some specific reason why they don’t want to get vaccinated,” he said. “I am going to strongly encourage them that they understand the risks of not getting vaccinated.”\nHowever, he noted employees who are not vaccinated may be excluded from certain assignments, including international flights. He added that 60% of Delta’s workforce has at least one vaccine shot.\nRelated Link:CDC Says Fully Vaccinated People Can Mostly Stop Wearing Masks\nWhy It Matters: Delta is the first U.S. carrier to announce it will only hire vaccinated individuals.The New York Timesreported United Airlines Holdings Inc.UAL 4.73%CEO Scott Kirby voiced his support for the idea in a video forum in January, but decided not to go forward because the carrier could not “realistically be the only company” to take this action.\nAlthough most schools in the U.S. require children to have certain vaccinations, there is no precedent for companies refusing to hire people based on their vaccination status.\nCurrent federal policy on employer-mandated vaccinations is focused on the rights of current employees, not potential hires.\nThe Equal Employment Opportunity Commission (EEOC) issued guidancelast December stating companies “may encourage or possibly require COVID-19 vaccinations” of its workforce, provided their policies are in compliance with workplace laws including the Americans with Disabilities Act and Title VII of the Civil Rights Act of 1964 (Title VII).","news_type":1,"symbols_score_info":{"DAL":0.9}},"isVote":1,"tweetType":1,"viewCount":712,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":196308005,"gmtCreate":1621010241007,"gmtModify":1634194564672,"author":{"id":"3569656843423150","authorId":"3569656843423150","name":"RIZALLL","avatar":"https://static.tigerbbs.com/51f3407d4e84a577b1644cef437e0daa","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569656843423150","idStr":"3569656843423150"},"themes":[],"title":"","htmlText":"comment and like please","listText":"comment and like please","text":"comment and like please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/196308005","repostId":"1163454382","repostType":4,"repost":{"id":"1163454382","kind":"news","pubTimestamp":1621004581,"share":"https://www.laohunote.com/m/news/1163454382?lang=zh_CN&edition=full","pubTime":"2021-05-14 23:03","market":"us","language":"en","title":"Why AMC Entertainment Stock Jumped Again Friday<blockquote>为什么AMC院线股价周五再次上涨</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1163454382","media":"Motley Fool","summary":"AMC investors have reason for more optimism on the heels of another capital raise.Yesterday's jump came after the company announcedit raised $428 million. First, the Centers for Disease Control and Prevention  issued a new statement on current health and safety protocols saying that fully vaccinated people can resume activities without wearing a mask or physically distancing, including indoors.This should allow theaters to open back up at full capacity and be a desirable destination for vaccinat","content":"<p>  <b>AMC investors have reason for more optimism on the heels of another capital raise.</b>  <b>What happened</b></p><p><blockquote><b>AMC 投资者有理由在再次融资后更加乐观。</b><b>发生了什么事</b></blockquote></p><p> A day after<b>AMC Entertainment Holdings</b>(NYSE:AMC)</p><p><blockquote>一天后<b>AMC院线控股</b>（纽约证券交易所代码：AMC）</blockquote></p><p> <b>So what</b></p><p><blockquote><b>那又怎样</b></blockquote></p><p> Yesterday's jump came after the company announcedit raised $428 million</p><p><blockquote>昨天的上涨是在该公司宣布筹集 4.28 亿美元之后发生的</blockquote></p><p> First, the Centers for Disease Control and Prevention (CDC) issued a new statement on current health and safety protocols saying that fully vaccinated people can resume activities without wearing a mask or physically distancing, including indoors.</p><p><blockquote>首先，疾病控制和预防中心（CDC）就当前的健康和安全协议发表了一份新声明，称完全接种疫苗的人可以在不戴口罩或保持物理距离的情况下恢复活动，包括在室内。</blockquote></p><p> This should allow theaters to open back up at full capacity and be a desirable destination for vaccinated movie patrons. Also yesterday,<b>Walt Disney</b>(NYSE:DIS)announced its quarterly earnings report, and CEO Bob Chapek noted \"increased production at our studios.\" While that is a positive for theater operators, Disney also reported disappointing subscriber growth in itsstreaming services.</p><p><blockquote>这应该可以让电影院满负荷重新开放，并成为接种疫苗的电影观众的理想目的地。也是昨天，<b>华特·迪士尼</b>（纽约证券交易所代码：DIS）公布了季度收益报告，首席执行官鲍勃·查佩克 (Bob Chapek) 指出“我们工作室的产量有所增加”。虽然这对影院运营商来说是个好消息，但迪士尼也报告了其流媒体服务的用户增长令人失望。</blockquote></p><p> <b>Now what</b></p><p><blockquote><b>现在呢</b></blockquote></p><p> Lower streaming subscriptions could be a positive sign for the theater business. As vaccinations continue to roll out, and with the CDC now officially giving its approval to gather indoors with crowds and without masks, theater attendance may resume quickly.</p><p><blockquote>较低的流媒体订阅可能是影院业务的一个积极迹象。随着疫苗接种的继续推广，随着疾病预防控制中心现在正式批准在室内聚集人群，不戴口罩，剧院上座率可能会很快恢复。</blockquote></p><p> Vaccinations are going to drive people back to activities outside the home. Movie theaters are likely to be a favorite destination after more than a year of mostly watching at home. On the heels of another capital raise, AMC investors may be thinking this company finally has a promising path ahead.</p><p><blockquote>疫苗接种将促使人们回到户外活动中。经过一年多的在家观看，电影院可能会成为最受欢迎的目的地。在再次融资之后，AMC 投资者可能认为这家公司终于有了一条充满希望的道路。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why AMC Entertainment Stock Jumped Again Friday<blockquote>为什么AMC院线股价周五再次上涨</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\">\nWhy AMC Entertainment Stock Jumped Again Friday<blockquote>为什么AMC院线股价周五再次上涨</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\">2021-05-14 23:03</span>\n</p>\n</h4>\n</header>\n<article>\n<p>  <b>AMC investors have reason for more optimism on the heels of another capital raise.</b>  <b>What happened</b></p><p><blockquote><b>AMC 投资者有理由在再次融资后更加乐观。</b><b>发生了什么事</b></blockquote></p><p> A day after<b>AMC Entertainment Holdings</b>(NYSE:AMC)</p><p><blockquote>一天后<b>AMC院线控股</b>（纽约证券交易所代码：AMC）</blockquote></p><p> <b>So what</b></p><p><blockquote><b>那又怎样</b></blockquote></p><p> Yesterday's jump came after the company announcedit raised $428 million</p><p><blockquote>昨天的上涨是在该公司宣布筹集 4.28 亿美元之后发生的</blockquote></p><p> First, the Centers for Disease Control and Prevention (CDC) issued a new statement on current health and safety protocols saying that fully vaccinated people can resume activities without wearing a mask or physically distancing, including indoors.</p><p><blockquote>首先，疾病控制和预防中心（CDC）就当前的健康和安全协议发表了一份新声明，称完全接种疫苗的人可以在不戴口罩或保持物理距离的情况下恢复活动，包括在室内。</blockquote></p><p> This should allow theaters to open back up at full capacity and be a desirable destination for vaccinated movie patrons. Also yesterday,<b>Walt Disney</b>(NYSE:DIS)announced its quarterly earnings report, and CEO Bob Chapek noted \"increased production at our studios.\" While that is a positive for theater operators, Disney also reported disappointing subscriber growth in itsstreaming services.</p><p><blockquote>这应该可以让电影院满负荷重新开放，并成为接种疫苗的电影观众的理想目的地。也是昨天，<b>华特·迪士尼</b>（纽约证券交易所代码：DIS）公布了季度收益报告，首席执行官鲍勃·查佩克 (Bob Chapek) 指出“我们工作室的产量有所增加”。虽然这对影院运营商来说是个好消息，但迪士尼也报告了其流媒体服务的用户增长令人失望。</blockquote></p><p> <b>Now what</b></p><p><blockquote><b>现在呢</b></blockquote></p><p> Lower streaming subscriptions could be a positive sign for the theater business. As vaccinations continue to roll out, and with the CDC now officially giving its approval to gather indoors with crowds and without masks, theater attendance may resume quickly.</p><p><blockquote>较低的流媒体订阅可能是影院业务的一个积极迹象。随着疫苗接种的继续推广，随着疾病预防控制中心现在正式批准在室内聚集人群，不戴口罩，剧院上座率可能会很快恢复。</blockquote></p><p> Vaccinations are going to drive people back to activities outside the home. Movie theaters are likely to be a favorite destination after more than a year of mostly watching at home. On the heels of another capital raise, AMC investors may be thinking this company finally has a promising path ahead.</p><p><blockquote>疫苗接种将促使人们回到户外活动中。经过一年多的在家观看，电影院可能会成为最受欢迎的目的地。在再次融资之后，AMC 投资者可能认为这家公司终于有了一条充满希望的道路。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/05/14/why-amc-entertainment-stock-jumped-again-friday/\">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":{"AMC":"AMC院线"},"source_url":"https://www.fool.com/investing/2021/05/14/why-amc-entertainment-stock-jumped-again-friday/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1163454382","content_text":"AMC investors have reason for more optimism on the heels of another capital raise.\n\nWhat happened\nA day afterAMC Entertainment Holdings(NYSE:AMC)\nSo what\nYesterday's jump came after the company announcedit raised $428 million\nFirst, the Centers for Disease Control and Prevention (CDC) issued a new statement on current health and safety protocols saying that fully vaccinated people can resume activities without wearing a mask or physically distancing, including indoors.\nThis should allow theaters to open back up at full capacity and be a desirable destination for vaccinated movie patrons. Also yesterday,Walt Disney(NYSE:DIS)announced its quarterly earnings report, and CEO Bob Chapek noted \"increased production at our studios.\" While that is a positive for theater operators, Disney also reported disappointing subscriber growth in itsstreaming services.\nNow what\nLower streaming subscriptions could be a positive sign for the theater business. As vaccinations continue to roll out, and with the CDC now officially giving its approval to gather indoors with crowds and without masks, theater attendance may resume quickly.\nVaccinations are going to drive people back to activities outside the home. Movie theaters are likely to be a favorite destination after more than a year of mostly watching at home. On the heels of another capital raise, AMC investors may be thinking this company finally has a promising path ahead.","news_type":1,"symbols_score_info":{"AMC":0.9}},"isVote":1,"tweetType":1,"viewCount":915,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":133424615,"gmtCreate":1621786503737,"gmtModify":1634186584091,"author":{"id":"3569656843423150","authorId":"3569656843423150","name":"RIZALLL","avatar":"https://static.tigerbbs.com/51f3407d4e84a577b1644cef437e0daa","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569656843423150","idStr":"3569656843423150"},"themes":[],"title":"","htmlText":"like and comment please","listText":"like and comment please","text":"like and comment 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and commweb please","listText":"like and commweb please","text":"like and commweb please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/195699616","repostId":"1167574964","repostType":4,"isVote":1,"tweetType":1,"viewCount":657,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":193286278,"gmtCreate":1620790932494,"gmtModify":1634196263584,"author":{"id":"3569656843423150","authorId":"3569656843423150","name":"RIZALLL","avatar":"https://static.tigerbbs.com/51f3407d4e84a577b1644cef437e0daa","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569656843423150","idStr":"3569656843423150"},"themes":[],"title":"","htmlText":"like this comment","listText":"like this comment","text":"like this comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/193286278","repostId":"2134698127","repostType":4,"isVote":1,"tweetType":1,"viewCount":717,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":107660465,"gmtCreate":1620481951957,"gmtModify":1634198472852,"author":{"id":"3569656843423150","authorId":"3569656843423150","name":"RIZALLL","avatar":"https://static.tigerbbs.com/51f3407d4e84a577b1644cef437e0daa","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569656843423150","idStr":"3569656843423150"},"themes":[],"title":"","htmlText":"like and comment thanks","listText":"like and comment thanks","text":"like and comment thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/107660465","repostId":"1106882084","repostType":4,"isVote":1,"tweetType":1,"viewCount":953,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":114957875,"gmtCreate":1623045221897,"gmtModify":1634095889822,"author":{"id":"3569656843423150","authorId":"3569656843423150","name":"RIZALLL","avatar":"https://static.tigerbbs.com/51f3407d4e84a577b1644cef437e0daa","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569656843423150","idStr":"3569656843423150"},"themes":[],"title":"","htmlText":"like and comment please","listText":"like and comment please","text":"like and comment please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/114957875","repostId":"2141926289","repostType":4,"isVote":1,"tweetType":1,"viewCount":1305,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":135141006,"gmtCreate":1622153586905,"gmtModify":1634183464261,"author":{"id":"3569656843423150","authorId":"3569656843423150","name":"RIZALLL","avatar":"https://static.tigerbbs.com/51f3407d4e84a577b1644cef437e0daa","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569656843423150","idStr":"3569656843423150"},"themes":[],"title":"","htmlText":"like and comment please","listText":"like and comment please","text":"like and comment please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/135141006","repostId":"2138517320","repostType":4,"isVote":1,"tweetType":1,"viewCount":1614,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":117451044,"gmtCreate":1623158824188,"gmtModify":1634036346859,"author":{"id":"3569656843423150","authorId":"3569656843423150","name":"RIZALLL","avatar":"https://static.tigerbbs.com/51f3407d4e84a577b1644cef437e0daa","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569656843423150","idStr":"3569656843423150"},"themes":[],"title":"","htmlText":"comment and like please please!!","listText":"comment and like please please!!","text":"comment and like please please!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/117451044","repostId":"1134112696","repostType":4,"repost":{"id":"1134112696","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":1623153084,"share":"https://www.laohunote.com/m/news/1134112696?lang=zh_CN&edition=full","pubTime":"2021-06-08 19:51","market":"us","language":"en","title":"Toplines Before US Market Open on Tuesday<blockquote>周二美国市场开盘前的顶线</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1134112696","media":"Tiger Newspress","summary":"(June 8) U.S. stock futures were mixed Tuesday, putting the Dow on course for a tepid slide at the o","content":"<p>(June 8)&nbsp;U.S. stock futures were mixed Tuesday, putting the Dow on course for a tepid slide at the opening bell as investors awaited data on the scale of the trade deficit.</p><p><blockquote>（6月8日）美国周二股票期货涨跌互现，由于投资者等待贸易赤字规模数据，道琼斯指数在开盘时有望不温不火地下滑。</blockquote></p><p>Futures tied to the broad S&amp;P 500 index wavered between gains and losses. Dow Jones Industrial Average futures ticked 0.2% lower. On Monday,the blue-chip index briefly climbed into record territorybefore ending the session down 0.4%. Nasdaq-100 futures edged up 0.2%, pointing to subdued gains for technology stocks.</p><p><blockquote>与标普500综合指数挂钩的期货在涨跌之间波动。道琼斯工业平均指数期货下跌 0.2%。周一， 蓝筹股指数短暂攀升至历史新高， 收盘下跌0.4%。纳斯达克 100 指数期货小幅上涨 0.2%，表明科技股涨幅疲软。</blockquote></p><p>At 7:52 a.m. ET, Dow e-minis were down 18 points, or 0.05%, S&amp;P 500 e-minis were up 5.25 points, or 0.12%, and Nasdaq 100 e-minis were up 56.25 points, or 0.41%.</p><p><blockquote>美国东部时间上午 7:52，道琼斯电子迷你指数下跌 18 点，跌幅 0.05%，标普500电子迷你指数上涨 5.25 点，跌幅 0.12%，纳斯达克 100 电子迷你指数上涨 56.25 点，跌幅 0.41%。</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/34abbee54469fe0e570dce762d9a8f6a\" tg-width=\"1242\" tg-height=\"528\"><span>At 7:52 a.m. ET</span></p><p><blockquote><p class=\"t-img-caption\"><span>美国东部时间上午 7:52</span></p></blockquote></p><p>Stocks have been range bound in recent sessions, with indexes hovering close to record levels due to a rapidly rebounding U.S. economy and significant levels of support from Washington and the Federal Reserve. The market’s moves in recent weeks have moderated amidinflation concerns. Investors say they are settling in for a period of choppy trading while they await fresh clues on whether a sharp rise in consumer prices will prove to be fleeting.</p><p><blockquote>最近几个交易日，由于美国经济快速反弹以及华盛顿和美联储的大力支持，股市一直在区间波动，指数徘徊在创纪录水平附近。最近几周的市场走势缓解了对通货膨胀的担忧。投资者表示，他们正在接受一段动荡的交易时期，同时等待有关消费者价格大幅上涨是否会转瞬即逝的新线索。</blockquote></p><p><b>U.S. trade deficit narrows to $68.9 billion in April from record $75 billion in prior month.</b></p><p><blockquote><b>美国4月份贸易逆差从上月创纪录的750亿美元收窄至689亿美元。</b></blockquote></p><p><b>Stock-index futures remain flat to slightly higher after trade data.</b></p><p><blockquote><b>交易数据公布后，股指期货持平至小幅走高。</b></blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3f387907a1739ecc654e10c7d6dc8135\" tg-width=\"1242\" tg-height=\"510\"><span>At 8:33 a.m. ET</span></p><p><blockquote><p class=\"t-img-caption\"><span>美国东部时间上午 8:33</span></p></blockquote></p><p><b>Stocks making the biggest moves in the premarket:</b></p><p><blockquote><b>盘前涨幅最大的股票：</b></blockquote></p><p><b>1)&nbsp;Stitch Fix(SFIX)</b> – Stitch Fix lost 18 cents per share for its first quarter, smaller than the 27 cents a share loss that analysts were anticipating. The online clothing styling company's revenue came in above estimates. Stitch Fix also issued an upbeat forecast, amid 20% growth in its active client base compared to a year ago. Shares soared 14.8% in premarket action.</p><p><blockquote><b>1）缝合固定（SFIX）</b>– Stitch Fix 第一季度每股亏损 18 美分，低于分析师预期的每股亏损 27 美分。这家在线服装造型公司的收入高于预期。Stitch Fix 还发布了乐观的预测，其活跃客户群与一年前相比增长了 20%。股价在盘前交易中飙升 14.8%。</blockquote></p><p><b>2)&nbsp;Contango Oil &amp; Gas(MCF) </b>– The energy producer agreed to combine withKKR's(KKR) Independence Energy business in an all-stock deal. The combined company will have an initial market capitalization of about $4.8 billion. Contango shares jumped 10.3% in premarket trading.</p><p><blockquote><b>2) 石油和天然气期货 (MCF)</b>– 该能源生产商同意通过全股票交易与 KKR (KKR) 的独立能源业务合并。合并后的公司初始市值约为48亿美元。Contango 股价在盘前交易中上涨 10.3%。</blockquote></p><p><b>3)&nbsp;Coupa Software(COUP) </b>– Coupa reported quarterly earnings of 7 cents per share, compared to Wall Street forecasts for a 19 cents per share loss. Revenue beat estimates, and the financial software company also issued an upbeat outlook. Despite the upbeat numbers, Coupa shares tumbled 9.2% in premarket trading.</p><p><blockquote><b>3）Coupa软件（COUP）</b>– Coupa 公布的季度收益为每股 7 美分，而华尔街预测为每股亏损 19 美分。收入超出预期，这家财务软件公司也发布了乐观的前景。尽管数据乐观，Coupa 股价在盘前交易中仍下跌 9.2%。</blockquote></p><p><b>4)&nbsp;Thor Industries(THO)</b> – The recreational vehicle maker's shares jumped 3.4% in the premarket after it beat estimates on both the top and bottom lines for its fiscal third quarter. Sales more than doubled compared to a year ago, and the company said it sees no signs of demand slowing.</p><p><blockquote><b>4) 雷神工业 (THO)</b>– 这家休闲车制造商的第三财季营收和利润均超出预期，其股价在盘前上涨 3.4%。与一年前相比，销售额增加了一倍多，该公司表示没有看到需求放缓的迹象。</blockquote></p><p><b>5)&nbsp;Chico’s FAS(CHS) </b>– Chico’s surged 6.6% in the premarket after the apparel retailer said it was taking all appropriate steps to improve performance and increase shareholder value. The statement was in response to a letter sent to management by activist investor Barington Capital. Separately, Chico’s reported quarterly earnings and sales that topped Wall Street forecasts.</p><p><blockquote><b>5) 奇科的FAS(CHS)</b>- Chico's 在盘前大涨 6.6%，此前这家服装零售商表示正在采取一切适当措施改善业绩并增加股东价值。该声明是对激进投资者巴林顿资本（Barington Capital）致管理层的一封信的回应。另外，Chico's 公布的季度收益和销售额超出了华尔街的预期。</blockquote></p><p><b>6)&nbsp;Fastly(FSLY)</b> – The cloud computing company’s shares fell 1.7% in the premarket, but came off earlier lows stemming froman internet outageimpacting Fastly-backed websites. Shortly after the outage hit, Fastly said it had identified the issue and that a fix was being implemented.</p><p><blockquote><b>6) 快速（FSLY）</b>- 这家云计算公司的股价在盘前下跌了 1.7%，但较之前的低点有所回落，原因是互联网中断影响了快速备份的网站。停电发生后不久，Fastly 表示已经发现了问题，并正在实施修复措施。</blockquote></p><p><b>7)&nbsp;Tesla(TSLA) </b>– The automaker delivered 33,463 China-made vehicles in that market in May, up 29% from April when production was impacted by a maintenance shutdown. Tesla rose 3% in the premarket.</p><p><blockquote><b>7）特斯拉（TSLA）</b>– 该汽车制造商 5 月份在该市场交付了 33,463 辆中国制造的汽车，比 4 月份生产受到维护停工影响时增长了 29%。特斯拉盘前上涨3%。</blockquote></p><p><b>8)&nbsp;AMC Entertainment(AMC)</b> – AMC insiders have been selling shares amid a social media-fueled rally in the movie theater operator’s stock. According to a study of insider filings done by analytics firm InsiderScore, seven AMC insiders have sold parts of their stakes since May 28, among nine who have executed sales this quarter though CEO Adam Aron is not among them. There were no AMC insider sales in 2020. AMC added 4.3% in the premarket.</p><p><blockquote><b>8）AMC院线（AMC）</b>- 在社交媒体推动电影院运营商股价上涨的情况下，AMC 内部人士一直在抛售股票。根据分析公司 InsiderScore 对内部人士文件进行的一项研究，自 5 月 28 日以来，已有 7 名 AMC 内部人士出售了部分股份，其中 9 名内部人士在本季度进行了出售，但首席执行官亚当·阿伦 (Adam Aron) 不在其中。2020年没有AMC内幕销售。AMC 盘前上涨 4.3%。</blockquote></p><p><b>9)&nbsp;Marvell Technology(MRVL)</b> – Marvell shares jumped 5.5% in premarket trading after it beat Wall Street estimates on both the top and bottom lines for its first quarter. The chip maker also expects its current-quarter revenue will surpass $1 billion for the first time.</p><p><blockquote><b>9) Marvell Technology(MRVL)</b>– Marvell 第一季度的营收和利润均超出华尔街预期，股价在盘前交易中上涨 5.5%。这家芯片制造商还预计其本季度收入将首次超过 10 亿美元。</blockquote></p><p><b>10)&nbsp;Keurig Dr Pepper(KDP) </b>– The beverage company’s stock lost 3.6% in the premarket after it announced a secondary offering of 28 million common stock shares, to be sold on behalf of food producer and Keurig Dr Pepper shareholderMondelez(MDLZ). Keurig Dr Pepper will not receive any proceeds from the offering.</p><p><blockquote><b>10) Keurig Dr Pepper(KDP)</b>- 这家饮料公司宣布代表食品生产商和 Keurig Dr Pepper 股东亿滋国际（MDLZ）二次发行 2800 万股普通股后，其股价在盘前下跌了 3.6%。Keurig Dr Pepper 不会从此次发行中获得任何收益。</blockquote></p><p></p><p><b>11)&nbsp;Vail Resorts(MTN) </b>– Vail Resorts beat estimates by 18 cents a share, with quarterly profit of $6.72 per share. The resort operator also saw revenue top forecasts. Vail said pass sales were up 50% by units and 33% by dollars compared to pre-pandemic results in 2019, as the company slashed season pass sale prices by 20%.</p><p><blockquote><b>11) 韦尔度假村（MTN）</b>– 维尔度假村每股收益超出预期 18 美分，季度利润为每股 6.72 美元。该度假村运营商也看到了收入的最高预测。Vail 表示，与 2019 年大流行前的业绩相比，通行证销售额按单位计算增长了 50%，按美元计算增长了 33%，因为该公司将季票销售价格下调了 20%。</blockquote></p><p><b>12)&nbsp;Etsy(ETSY)</b> – Etsy announced a private offering of $1 billion in convertible senior notes, with the online crafts marketplace planning to use the proceeds to fund stock buybacks and for general corporate purposes. Etsy fell 1.9% in premarket trading.</p><p><blockquote><b>12) Etsy（Etsy）</b>– Etsy 宣布私下发行 10 亿美元的可转换优先票据，在线工艺品市场计划将所得款项用于股票回购和一般企业用途。Etsy在盘前交易中下跌1.9%。</blockquote></p><p><b>Since 2008, this has been the biggest signal for stock direction. Here’s where it’s telling investors to go now.</b></p><p><blockquote><b>自2008年以来，这是股票方向的最大信号。以下是它告诉投资者现在的方向。</b></blockquote></p><p>The summer lull is real for investors right now, as stock catalysts seem few and far between. Thursday’s update on consumer prices could bring the next one, after May dataspooked markets last month.</p><p><blockquote>对于投资者来说，现在的夏季平静是真实的，因为股市催化剂似乎很少。继上个月 5 月份的数据令市场感到恐惧之后，周四的消费者价格更新可能会带来下一次更新。</blockquote></p><p>With equitiesSPX,-0.08%hovering at record highs amid a mind-blowing recovery from the COVID-19 pandemic slump, investors want to know when and how central banks will start responding to signs of surging global inflation. And as not all stocks are built alike for different stages of a recovery, many rightly want to know if they are betting on the right ones.</p><p><blockquote>随着 equitiesSPX,-0.08% 在从 COVID-19 大流行低迷中令人兴奋的复苏中徘徊在历史高位，投资者想知道各国央行何时以及如何开始应对全球通胀飙升的迹象。由于并非所有股票在复苏的不同阶段都是一样的，因此许多人理所当然地想知道他们押注的股票是否正确。</blockquote></p><p>They should start by keeping an eye on what has been the most reliable indicator for stock direction since 2008 — the 10-year bond yieldTMUBMUSD10Y,1.541%,according to The Leuthold Group’s chief investment strategist, Jim Paulsen, who provides our<b>call of the day</b>.</p><p><blockquote>Leuthold 集团首席投资策略师吉姆-保尔森（Jim Paulsen）表示，他们应该首先关注自 2008 年以来最可靠的股市走向指标--10 年期债券收益率 TMUBMUSD10Y，1.541%。<b>今日看涨期权</b>.</blockquote></p><p>Since the 2008-09 financial crisis, “the bond market has been determining, or at least coincidentally signaling” which groups of stocks will be the winners and losers, he told clients in a note. That has been particularly true for several popular themes including cyclicals, growth investing, small-caps, etc.</p><p><blockquote>他在一份报告中告诉客户，自 2008-09 年金融危机以来，“债券市场一直在决定，或者至少是巧合地发出信号”，哪些股票组将成为赢家和输家。对于周期性、成长型投资、小盘股等几个热门主题来说尤其如此。</blockquote></p><p>For example, via the below charts he showed how defensive sectors, such as utilities and staples or low-volatility investments, only do well when bond yields are headed lower:</p><p><blockquote>例如，他通过下面的图表展示了公用事业和必需品或低波动性投资等防御性行业如何只有在债券收益率下降时表现良好：</blockquote></p><p></p><p><img src=\"https://static.tigerbbs.com/96c7d981e160fe9dea266dbe88c5eb97\" tg-width=\"1259\" tg-height=\"490\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><i>The Leuthold Group</i></p><p><blockquote><i>洛伊特霍尔德集团</i></blockquote></p><p>So should the yield on the 10-year, currently hovering at 1.561%, make another run at 2%, that group is likely to underperform, he said. But if the economy is headed for overheat pressures and yields are set to rise, history has shown the most volatile stocks are often winner, he added.</p><p><blockquote>他表示，因此，如果目前徘徊在 1.561% 的 10 年期国债收益率再次达到 2%，该集团可能会表现不佳。但他补充说，如果经济面临过热压力，收益率将上升，历史表明，波动性最大的股票往往是赢家。</blockquote></p><p>Paulsen pointed to the below charts of small-cap stocks, cyclical sectors and emerging markets that are “often the winners during periods in which rising yields cause stock market mayhem.”</p><p><blockquote>保尔森指出，下面的小盘股、周期性行业和新兴市场图表 “在收益率上升造成股市混乱的时期，这些市场往往是赢家”。</blockquote></p><p></p><p><img src=\"https://static.tigerbbs.com/58ad9970b8d52f5524ef4da54113986a\" tg-width=\"1260\" tg-height=\"461\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><i>The Leuthold Group</i></p><p><blockquote><i>洛伊特霍尔德集团</i></blockquote></p><p></p><p><img src=\"https://static.tigerbbs.com/13d5f3bc8075fad7b17676c51ffadaed\" tg-width=\"1259\" tg-height=\"929\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>The Leuthold Group</p><p><blockquote>洛伊特霍尔德集团</blockquote></p><p>And the strategist is among those who do indeed see yields rising.</p><p><blockquote>这位策略师是确实看到收益率上升的人之一。</blockquote></p><p>“The recent pause in the 10-year yield despite escalating inflation expectations has been puzzling. Moreover, if yields continue to trend sideways or retrace part of their recent advance, defensive investments, including growth stocks, will likely be stock market leaders,” wrote Paulsen.</p><p><blockquote>“尽管通胀预期不断升级，但最近 10 年期国债收益率却停滞不前，这令人费解。此外，如果收益率继续横盘整理或回撤近期部分涨幅，包括成长型股票在内的防御性投资很可能会成为股市的领头羊，”保尔森写道。</blockquote></p><p>He expects another leg higher for that yield, pushing it above 2%, likely by the end of 2021. And that means “stock investors should heed the bond market’s message and drive a few of those fast ‘cyclical’ stock cars!”</p><p><blockquote>他预计该收益率将再次走高，可能在 2021 年底前将其推高至 2% 以上。这意味着 “股票投资者应该听从债券市场的信息，驾驶一些快速的‘周期性’股票汽车!”</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>Toplines Before US Market Open on Tuesday<blockquote>周二美国市场开盘前的顶线</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\">\nToplines Before US Market Open on Tuesday<blockquote>周二美国市场开盘前的顶线</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\">2021-06-08 19:51</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>(June 8)&nbsp;U.S. stock futures were mixed Tuesday, putting the Dow on course for a tepid slide at the opening bell as investors awaited data on the scale of the trade deficit.</p><p><blockquote>（6月8日）美国周二股票期货涨跌互现，由于投资者等待贸易赤字规模数据，道琼斯指数在开盘时有望不温不火地下滑。</blockquote></p><p>Futures tied to the broad S&amp;P 500 index wavered between gains and losses. Dow Jones Industrial Average futures ticked 0.2% lower. On Monday,the blue-chip index briefly climbed into record territorybefore ending the session down 0.4%. Nasdaq-100 futures edged up 0.2%, pointing to subdued gains for technology stocks.</p><p><blockquote>与标普500综合指数挂钩的期货在涨跌之间波动。道琼斯工业平均指数期货下跌 0.2%。周一， 蓝筹股指数短暂攀升至历史新高， 收盘下跌0.4%。纳斯达克 100 指数期货小幅上涨 0.2%，表明科技股涨幅疲软。</blockquote></p><p>At 7:52 a.m. ET, Dow e-minis were down 18 points, or 0.05%, S&amp;P 500 e-minis were up 5.25 points, or 0.12%, and Nasdaq 100 e-minis were up 56.25 points, or 0.41%.</p><p><blockquote>美国东部时间上午 7:52，道琼斯电子迷你指数下跌 18 点，跌幅 0.05%，标普500电子迷你指数上涨 5.25 点，跌幅 0.12%，纳斯达克 100 电子迷你指数上涨 56.25 点，跌幅 0.41%。</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/34abbee54469fe0e570dce762d9a8f6a\" tg-width=\"1242\" tg-height=\"528\"><span>At 7:52 a.m. ET</span></p><p><blockquote><p class=\"t-img-caption\"><span>美国东部时间上午 7:52</span></p></blockquote></p><p>Stocks have been range bound in recent sessions, with indexes hovering close to record levels due to a rapidly rebounding U.S. economy and significant levels of support from Washington and the Federal Reserve. The market’s moves in recent weeks have moderated amidinflation concerns. Investors say they are settling in for a period of choppy trading while they await fresh clues on whether a sharp rise in consumer prices will prove to be fleeting.</p><p><blockquote>最近几个交易日，由于美国经济快速反弹以及华盛顿和美联储的大力支持，股市一直在区间波动，指数徘徊在创纪录水平附近。最近几周的市场走势缓解了对通货膨胀的担忧。投资者表示，他们正在接受一段动荡的交易时期，同时等待有关消费者价格大幅上涨是否会转瞬即逝的新线索。</blockquote></p><p><b>U.S. trade deficit narrows to $68.9 billion in April from record $75 billion in prior month.</b></p><p><blockquote><b>美国4月份贸易逆差从上月创纪录的750亿美元收窄至689亿美元。</b></blockquote></p><p><b>Stock-index futures remain flat to slightly higher after trade data.</b></p><p><blockquote><b>交易数据公布后，股指期货持平至小幅走高。</b></blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3f387907a1739ecc654e10c7d6dc8135\" tg-width=\"1242\" tg-height=\"510\"><span>At 8:33 a.m. ET</span></p><p><blockquote><p class=\"t-img-caption\"><span>美国东部时间上午 8:33</span></p></blockquote></p><p><b>Stocks making the biggest moves in the premarket:</b></p><p><blockquote><b>盘前涨幅最大的股票：</b></blockquote></p><p><b>1)&nbsp;Stitch Fix(SFIX)</b> – Stitch Fix lost 18 cents per share for its first quarter, smaller than the 27 cents a share loss that analysts were anticipating. The online clothing styling company's revenue came in above estimates. Stitch Fix also issued an upbeat forecast, amid 20% growth in its active client base compared to a year ago. Shares soared 14.8% in premarket action.</p><p><blockquote><b>1）缝合固定（SFIX）</b>– Stitch Fix 第一季度每股亏损 18 美分，低于分析师预期的每股亏损 27 美分。这家在线服装造型公司的收入高于预期。Stitch Fix 还发布了乐观的预测，其活跃客户群与一年前相比增长了 20%。股价在盘前交易中飙升 14.8%。</blockquote></p><p><b>2)&nbsp;Contango Oil &amp; Gas(MCF) </b>– The energy producer agreed to combine withKKR's(KKR) Independence Energy business in an all-stock deal. The combined company will have an initial market capitalization of about $4.8 billion. Contango shares jumped 10.3% in premarket trading.</p><p><blockquote><b>2) 石油和天然气期货 (MCF)</b>– 该能源生产商同意通过全股票交易与 KKR (KKR) 的独立能源业务合并。合并后的公司初始市值约为48亿美元。Contango 股价在盘前交易中上涨 10.3%。</blockquote></p><p><b>3)&nbsp;Coupa Software(COUP) </b>– Coupa reported quarterly earnings of 7 cents per share, compared to Wall Street forecasts for a 19 cents per share loss. Revenue beat estimates, and the financial software company also issued an upbeat outlook. Despite the upbeat numbers, Coupa shares tumbled 9.2% in premarket trading.</p><p><blockquote><b>3）Coupa软件（COUP）</b>– Coupa 公布的季度收益为每股 7 美分，而华尔街预测为每股亏损 19 美分。收入超出预期，这家财务软件公司也发布了乐观的前景。尽管数据乐观，Coupa 股价在盘前交易中仍下跌 9.2%。</blockquote></p><p><b>4)&nbsp;Thor Industries(THO)</b> – The recreational vehicle maker's shares jumped 3.4% in the premarket after it beat estimates on both the top and bottom lines for its fiscal third quarter. Sales more than doubled compared to a year ago, and the company said it sees no signs of demand slowing.</p><p><blockquote><b>4) 雷神工业 (THO)</b>– 这家休闲车制造商的第三财季营收和利润均超出预期，其股价在盘前上涨 3.4%。与一年前相比，销售额增加了一倍多，该公司表示没有看到需求放缓的迹象。</blockquote></p><p><b>5)&nbsp;Chico’s FAS(CHS) </b>– Chico’s surged 6.6% in the premarket after the apparel retailer said it was taking all appropriate steps to improve performance and increase shareholder value. The statement was in response to a letter sent to management by activist investor Barington Capital. Separately, Chico’s reported quarterly earnings and sales that topped Wall Street forecasts.</p><p><blockquote><b>5) 奇科的FAS(CHS)</b>- Chico's 在盘前大涨 6.6%，此前这家服装零售商表示正在采取一切适当措施改善业绩并增加股东价值。该声明是对激进投资者巴林顿资本（Barington Capital）致管理层的一封信的回应。另外，Chico's 公布的季度收益和销售额超出了华尔街的预期。</blockquote></p><p><b>6)&nbsp;Fastly(FSLY)</b> – The cloud computing company’s shares fell 1.7% in the premarket, but came off earlier lows stemming froman internet outageimpacting Fastly-backed websites. Shortly after the outage hit, Fastly said it had identified the issue and that a fix was being implemented.</p><p><blockquote><b>6) 快速（FSLY）</b>- 这家云计算公司的股价在盘前下跌了 1.7%，但较之前的低点有所回落，原因是互联网中断影响了快速备份的网站。停电发生后不久，Fastly 表示已经发现了问题，并正在实施修复措施。</blockquote></p><p><b>7)&nbsp;Tesla(TSLA) </b>– The automaker delivered 33,463 China-made vehicles in that market in May, up 29% from April when production was impacted by a maintenance shutdown. Tesla rose 3% in the premarket.</p><p><blockquote><b>7）特斯拉（TSLA）</b>– 该汽车制造商 5 月份在该市场交付了 33,463 辆中国制造的汽车，比 4 月份生产受到维护停工影响时增长了 29%。特斯拉盘前上涨3%。</blockquote></p><p><b>8)&nbsp;AMC Entertainment(AMC)</b> – AMC insiders have been selling shares amid a social media-fueled rally in the movie theater operator’s stock. According to a study of insider filings done by analytics firm InsiderScore, seven AMC insiders have sold parts of their stakes since May 28, among nine who have executed sales this quarter though CEO Adam Aron is not among them. There were no AMC insider sales in 2020. AMC added 4.3% in the premarket.</p><p><blockquote><b>8）AMC院线（AMC）</b>- 在社交媒体推动电影院运营商股价上涨的情况下，AMC 内部人士一直在抛售股票。根据分析公司 InsiderScore 对内部人士文件进行的一项研究，自 5 月 28 日以来，已有 7 名 AMC 内部人士出售了部分股份，其中 9 名内部人士在本季度进行了出售，但首席执行官亚当·阿伦 (Adam Aron) 不在其中。2020年没有AMC内幕销售。AMC 盘前上涨 4.3%。</blockquote></p><p><b>9)&nbsp;Marvell Technology(MRVL)</b> – Marvell shares jumped 5.5% in premarket trading after it beat Wall Street estimates on both the top and bottom lines for its first quarter. The chip maker also expects its current-quarter revenue will surpass $1 billion for the first time.</p><p><blockquote><b>9) Marvell Technology(MRVL)</b>– Marvell 第一季度的营收和利润均超出华尔街预期，股价在盘前交易中上涨 5.5%。这家芯片制造商还预计其本季度收入将首次超过 10 亿美元。</blockquote></p><p><b>10)&nbsp;Keurig Dr Pepper(KDP) </b>– The beverage company’s stock lost 3.6% in the premarket after it announced a secondary offering of 28 million common stock shares, to be sold on behalf of food producer and Keurig Dr Pepper shareholderMondelez(MDLZ). Keurig Dr Pepper will not receive any proceeds from the offering.</p><p><blockquote><b>10) Keurig Dr Pepper(KDP)</b>- 这家饮料公司宣布代表食品生产商和 Keurig Dr Pepper 股东亿滋国际（MDLZ）二次发行 2800 万股普通股后，其股价在盘前下跌了 3.6%。Keurig Dr Pepper 不会从此次发行中获得任何收益。</blockquote></p><p></p><p><b>11)&nbsp;Vail Resorts(MTN) </b>– Vail Resorts beat estimates by 18 cents a share, with quarterly profit of $6.72 per share. The resort operator also saw revenue top forecasts. Vail said pass sales were up 50% by units and 33% by dollars compared to pre-pandemic results in 2019, as the company slashed season pass sale prices by 20%.</p><p><blockquote><b>11) 韦尔度假村（MTN）</b>– 维尔度假村每股收益超出预期 18 美分，季度利润为每股 6.72 美元。该度假村运营商也看到了收入的最高预测。Vail 表示，与 2019 年大流行前的业绩相比，通行证销售额按单位计算增长了 50%，按美元计算增长了 33%，因为该公司将季票销售价格下调了 20%。</blockquote></p><p><b>12)&nbsp;Etsy(ETSY)</b> – Etsy announced a private offering of $1 billion in convertible senior notes, with the online crafts marketplace planning to use the proceeds to fund stock buybacks and for general corporate purposes. Etsy fell 1.9% in premarket trading.</p><p><blockquote><b>12) Etsy（Etsy）</b>– Etsy 宣布私下发行 10 亿美元的可转换优先票据，在线工艺品市场计划将所得款项用于股票回购和一般企业用途。Etsy在盘前交易中下跌1.9%。</blockquote></p><p><b>Since 2008, this has been the biggest signal for stock direction. Here’s where it’s telling investors to go now.</b></p><p><blockquote><b>自2008年以来，这是股票方向的最大信号。以下是它告诉投资者现在的方向。</b></blockquote></p><p>The summer lull is real for investors right now, as stock catalysts seem few and far between. Thursday’s update on consumer prices could bring the next one, after May dataspooked markets last month.</p><p><blockquote>对于投资者来说，现在的夏季平静是真实的，因为股市催化剂似乎很少。继上个月 5 月份的数据令市场感到恐惧之后，周四的消费者价格更新可能会带来下一次更新。</blockquote></p><p>With equitiesSPX,-0.08%hovering at record highs amid a mind-blowing recovery from the COVID-19 pandemic slump, investors want to know when and how central banks will start responding to signs of surging global inflation. And as not all stocks are built alike for different stages of a recovery, many rightly want to know if they are betting on the right ones.</p><p><blockquote>随着 equitiesSPX,-0.08% 在从 COVID-19 大流行低迷中令人兴奋的复苏中徘徊在历史高位，投资者想知道各国央行何时以及如何开始应对全球通胀飙升的迹象。由于并非所有股票在复苏的不同阶段都是一样的，因此许多人理所当然地想知道他们押注的股票是否正确。</blockquote></p><p>They should start by keeping an eye on what has been the most reliable indicator for stock direction since 2008 — the 10-year bond yieldTMUBMUSD10Y,1.541%,according to The Leuthold Group’s chief investment strategist, Jim Paulsen, who provides our<b>call of the day</b>.</p><p><blockquote>Leuthold 集团首席投资策略师吉姆-保尔森（Jim Paulsen）表示，他们应该首先关注自 2008 年以来最可靠的股市走向指标--10 年期债券收益率 TMUBMUSD10Y，1.541%。<b>今日看涨期权</b>.</blockquote></p><p>Since the 2008-09 financial crisis, “the bond market has been determining, or at least coincidentally signaling” which groups of stocks will be the winners and losers, he told clients in a note. That has been particularly true for several popular themes including cyclicals, growth investing, small-caps, etc.</p><p><blockquote>他在一份报告中告诉客户，自 2008-09 年金融危机以来，“债券市场一直在决定，或者至少是巧合地发出信号”，哪些股票组将成为赢家和输家。对于周期性、成长型投资、小盘股等几个热门主题来说尤其如此。</blockquote></p><p>For example, via the below charts he showed how defensive sectors, such as utilities and staples or low-volatility investments, only do well when bond yields are headed lower:</p><p><blockquote>例如，他通过下面的图表展示了公用事业和必需品或低波动性投资等防御性行业如何只有在债券收益率下降时表现良好：</blockquote></p><p></p><p><img src=\"https://static.tigerbbs.com/96c7d981e160fe9dea266dbe88c5eb97\" tg-width=\"1259\" tg-height=\"490\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><i>The Leuthold Group</i></p><p><blockquote><i>洛伊特霍尔德集团</i></blockquote></p><p>So should the yield on the 10-year, currently hovering at 1.561%, make another run at 2%, that group is likely to underperform, he said. But if the economy is headed for overheat pressures and yields are set to rise, history has shown the most volatile stocks are often winner, he added.</p><p><blockquote>他表示，因此，如果目前徘徊在 1.561% 的 10 年期国债收益率再次达到 2%，该集团可能会表现不佳。但他补充说，如果经济面临过热压力，收益率将上升，历史表明，波动性最大的股票往往是赢家。</blockquote></p><p>Paulsen pointed to the below charts of small-cap stocks, cyclical sectors and emerging markets that are “often the winners during periods in which rising yields cause stock market mayhem.”</p><p><blockquote>保尔森指出，下面的小盘股、周期性行业和新兴市场图表 “在收益率上升造成股市混乱的时期，这些市场往往是赢家”。</blockquote></p><p></p><p><img src=\"https://static.tigerbbs.com/58ad9970b8d52f5524ef4da54113986a\" tg-width=\"1260\" tg-height=\"461\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><i>The Leuthold Group</i></p><p><blockquote><i>洛伊特霍尔德集团</i></blockquote></p><p></p><p><img src=\"https://static.tigerbbs.com/13d5f3bc8075fad7b17676c51ffadaed\" tg-width=\"1259\" tg-height=\"929\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>The Leuthold Group</p><p><blockquote>洛伊特霍尔德集团</blockquote></p><p>And the strategist is among those who do indeed see yields rising.</p><p><blockquote>这位策略师是确实看到收益率上升的人之一。</blockquote></p><p>“The recent pause in the 10-year yield despite escalating inflation expectations has been puzzling. Moreover, if yields continue to trend sideways or retrace part of their recent advance, defensive investments, including growth stocks, will likely be stock market leaders,” wrote Paulsen.</p><p><blockquote>“尽管通胀预期不断升级，但最近 10 年期国债收益率却停滞不前，这令人费解。此外，如果收益率继续横盘整理或回撤近期部分涨幅，包括成长型股票在内的防御性投资很可能会成为股市的领头羊，”保尔森写道。</blockquote></p><p>He expects another leg higher for that yield, pushing it above 2%, likely by the end of 2021. And that means “stock investors should heed the bond market’s message and drive a few of those fast ‘cyclical’ stock cars!”</p><p><blockquote>他预计该收益率将再次走高，可能在 2021 年底前将其推高至 2% 以上。这意味着 “股票投资者应该听从债券市场的信息，驾驶一些快速的‘周期性’股票汽车!”</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯","SPY":"标普500ETF",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1134112696","content_text":"(June 8) U.S. stock futures were mixed Tuesday, putting the Dow on course for a tepid slide at the opening bell as investors awaited data on the scale of the trade deficit.Futures tied to the broad S&P 500 index wavered between gains and losses. Dow Jones Industrial Average futures ticked 0.2% lower. On Monday,the blue-chip index briefly climbed into record territorybefore ending the session down 0.4%. Nasdaq-100 futures edged up 0.2%, pointing to subdued gains for technology stocks.At 7:52 a.m. ET, Dow e-minis were down 18 points, or 0.05%, S&P 500 e-minis were up 5.25 points, or 0.12%, and Nasdaq 100 e-minis were up 56.25 points, or 0.41%.At 7:52 a.m. ETStocks have been range bound in recent sessions, with indexes hovering close to record levels due to a rapidly rebounding U.S. economy and significant levels of support from Washington and the Federal Reserve. The market’s moves in recent weeks have moderated amidinflation concerns. Investors say they are settling in for a period of choppy trading while they await fresh clues on whether a sharp rise in consumer prices will prove to be fleeting.U.S. trade deficit narrows to $68.9 billion in April from record $75 billion in prior month.Stock-index futures remain flat to slightly higher after trade data.At 8:33 a.m. ETStocks making the biggest moves in the premarket:1) Stitch Fix(SFIX) – Stitch Fix lost 18 cents per share for its first quarter, smaller than the 27 cents a share loss that analysts were anticipating. The online clothing styling company's revenue came in above estimates. Stitch Fix also issued an upbeat forecast, amid 20% growth in its active client base compared to a year ago. Shares soared 14.8% in premarket action.2) Contango Oil & Gas(MCF) – The energy producer agreed to combine withKKR's(KKR) Independence Energy business in an all-stock deal. The combined company will have an initial market capitalization of about $4.8 billion. Contango shares jumped 10.3% in premarket trading.3) Coupa Software(COUP) – Coupa reported quarterly earnings of 7 cents per share, compared to Wall Street forecasts for a 19 cents per share loss. Revenue beat estimates, and the financial software company also issued an upbeat outlook. Despite the upbeat numbers, Coupa shares tumbled 9.2% in premarket trading.4) Thor Industries(THO) – The recreational vehicle maker's shares jumped 3.4% in the premarket after it beat estimates on both the top and bottom lines for its fiscal third quarter. Sales more than doubled compared to a year ago, and the company said it sees no signs of demand slowing.5) Chico’s FAS(CHS) – Chico’s surged 6.6% in the premarket after the apparel retailer said it was taking all appropriate steps to improve performance and increase shareholder value. The statement was in response to a letter sent to management by activist investor Barington Capital. Separately, Chico’s reported quarterly earnings and sales that topped Wall Street forecasts.6) Fastly(FSLY) – The cloud computing company’s shares fell 1.7% in the premarket, but came off earlier lows stemming froman internet outageimpacting Fastly-backed websites. Shortly after the outage hit, Fastly said it had identified the issue and that a fix was being implemented.7) Tesla(TSLA) – The automaker delivered 33,463 China-made vehicles in that market in May, up 29% from April when production was impacted by a maintenance shutdown. Tesla rose 3% in the premarket.8) AMC Entertainment(AMC) – AMC insiders have been selling shares amid a social media-fueled rally in the movie theater operator’s stock. According to a study of insider filings done by analytics firm InsiderScore, seven AMC insiders have sold parts of their stakes since May 28, among nine who have executed sales this quarter though CEO Adam Aron is not among them. There were no AMC insider sales in 2020. AMC added 4.3% in the premarket.9) Marvell Technology(MRVL) – Marvell shares jumped 5.5% in premarket trading after it beat Wall Street estimates on both the top and bottom lines for its first quarter. The chip maker also expects its current-quarter revenue will surpass $1 billion for the first time.10) Keurig Dr Pepper(KDP) – The beverage company’s stock lost 3.6% in the premarket after it announced a secondary offering of 28 million common stock shares, to be sold on behalf of food producer and Keurig Dr Pepper shareholderMondelez(MDLZ). Keurig Dr Pepper will not receive any proceeds from the offering.11) Vail Resorts(MTN) – Vail Resorts beat estimates by 18 cents a share, with quarterly profit of $6.72 per share. The resort operator also saw revenue top forecasts. Vail said pass sales were up 50% by units and 33% by dollars compared to pre-pandemic results in 2019, as the company slashed season pass sale prices by 20%.12) Etsy(ETSY) – Etsy announced a private offering of $1 billion in convertible senior notes, with the online crafts marketplace planning to use the proceeds to fund stock buybacks and for general corporate purposes. Etsy fell 1.9% in premarket trading.Since 2008, this has been the biggest signal for stock direction. Here’s where it’s telling investors to go now.The summer lull is real for investors right now, as stock catalysts seem few and far between. Thursday’s update on consumer prices could bring the next one, after May dataspooked markets last month.With equitiesSPX,-0.08%hovering at record highs amid a mind-blowing recovery from the COVID-19 pandemic slump, investors want to know when and how central banks will start responding to signs of surging global inflation. And as not all stocks are built alike for different stages of a recovery, many rightly want to know if they are betting on the right ones.They should start by keeping an eye on what has been the most reliable indicator for stock direction since 2008 — the 10-year bond yieldTMUBMUSD10Y,1.541%,according to The Leuthold Group’s chief investment strategist, Jim Paulsen, who provides ourcall of the day.Since the 2008-09 financial crisis, “the bond market has been determining, or at least coincidentally signaling” which groups of stocks will be the winners and losers, he told clients in a note. That has been particularly true for several popular themes including cyclicals, growth investing, small-caps, etc.For example, via the below charts he showed how defensive sectors, such as utilities and staples or low-volatility investments, only do well when bond yields are headed lower:The Leuthold GroupSo should the yield on the 10-year, currently hovering at 1.561%, make another run at 2%, that group is likely to underperform, he said. But if the economy is headed for overheat pressures and yields are set to rise, history has shown the most volatile stocks are often winner, he added.Paulsen pointed to the below charts of small-cap stocks, cyclical sectors and emerging markets that are “often the winners during periods in which rising yields cause stock market mayhem.”The Leuthold GroupThe Leuthold GroupAnd the strategist is among those who do indeed see yields rising.“The recent pause in the 10-year yield despite escalating inflation expectations has been puzzling. Moreover, if yields continue to trend sideways or retrace part of their recent advance, defensive investments, including growth stocks, will likely be stock market leaders,” wrote Paulsen.He expects another leg higher for that yield, pushing it above 2%, likely by the end of 2021. And that means “stock investors should heed the bond market’s message and drive a few of those fast ‘cyclical’ stock cars!”","news_type":1,"symbols_score_info":{".IXIC":0.9,"SPY":0.9,".DJI":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":1909,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":116221018,"gmtCreate":1622805599334,"gmtModify":1634097852033,"author":{"id":"3569656843423150","authorId":"3569656843423150","name":"RIZALLL","avatar":"https://static.tigerbbs.com/51f3407d4e84a577b1644cef437e0daa","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569656843423150","idStr":"3569656843423150"},"themes":[],"title":"","htmlText":"like and comment please","listText":"like and comment please","text":"like and comment please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/116221018","repostId":"1122373606","repostType":4,"repost":{"id":"1122373606","kind":"news","pubTimestamp":1622793373,"share":"https://www.laohunote.com/m/news/1122373606?lang=zh_CN&edition=full","pubTime":"2021-06-04 15:56","market":"us","language":"en","title":"Where Will Apple Stock Be In 10 Years? What To Consider<blockquote>10年后苹果股票会在哪里？需要考虑什么</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1122373606","media":"seekingalpha","summary":"Summary\n\nApple has been a great investment over the last decade, but the next decade may look quite ","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Apple has been a great investment over the last decade, but the next decade may look quite different.</li>  <li>Apple has seen its growth slow down over the last decade, and it will likely not be a growth monster in the coming years, either.</li>  <li>Shares have ample long-term upside, but investors should consider the current valuation before jumping to decisions.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9f2ea192ed76d9772c2c6a820098faf5\" tg-width=\"1536\" tg-height=\"1024\" referrerpolicy=\"no-referrer\"><span>Photo by Paopano/iStock Editorial via Getty Images</span></p><p><blockquote><ul><li>苹果在过去十年中是一项伟大的投资，但未来十年可能会大不相同。</li><li>苹果在过去十年中增长放缓，未来几年也不太可能成为增长怪物。</li><li>股票具有充足的长期上涨空间，但投资者在做出决定之前应考虑当前的估值。</li></ul><p class=\"t-img-caption\"><span>摄影：Paopano/iStock 社论来自 Getty Images</span></p></blockquote></p><p> <b>Article Thesis</b></p><p><blockquote><b>文章论文</b></blockquote></p><p> Apple (AAPL) has been one of the best investments one could have made over the last decade. Over the next decade, its growth may not be the same, however. Yet, thanks to massive shareholder return programs and a move towards services, Apple's stock will likely still be significantly higher a decade from now - even though the current valuation is rather high.</p><p><blockquote>苹果 (AAPL) 是过去十年中最好的投资之一。然而，在接下来的十年里，它的增长可能不会一样。然而，由于大规模的股东回报计划和向服务业的转变，十年后苹果的股价可能仍会大幅上涨——尽管目前的估值相当高。</blockquote></p><p> <b>Apple Stock Price</b></p><p><blockquote><b>苹果股价</b></blockquote></p><p> Over the last decade, Apple Inc. has been a great investment:</p><p><blockquote>在过去十年中，苹果公司一直是一项伟大的投资：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5d29aa34bdbc5bab7d0730a4095954e6\" tg-width=\"635\" tg-height=\"419\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据由YCharts提供</span></p></blockquote></p><p> Shares have returned 900% in those ten years, before dividends, for a compounded annual return of approximately 26%, easily trouncing the returns of the broad market during that time frame. Importantly, shares have risen a lot more than the company's market capitalization, which grew by only 550% over the last decade. The difference can be explained by the company's large share repurchase programs, which have lowered the share count drastically over the last decade. The last decade, of course, was a highly successful period for Apple on a business basis, as the company benefited from the rise of smartphones while also having success with new products such as its Watch and tablets, which Apple more or less introduced as a new product category. Right now, shares trade for $125, up 57% over the last twelve months, but down 6% in 2021 to date. Following strong gains during 2020, shares seem to be in a consolidation pattern for now, which is not too much of a surprise, as Apple's valuation had expanded a lot in the recent past, and it seems that the company's business growth has to catch up to the recent share price increases now. The current consensus price target is $156, which implies an upside potential of 25%. Since there are no signs of shares leaving their current trading range right now, I personally do not think that Apple will breach $150 in the near term.</p><p><blockquote>在这十年中，扣除股息前的股票回报率为 900%，年复合回报率约为 26%，轻松超过了该时期大盘的回报率。重要的是，股价的涨幅远远超过了公司的市值，而公司的市值在过去十年中仅增长了 550%。这种差异可以用该公司的大规模股票回购计划来解释，该计划在过去十年中大幅降低了股票数量。当然，过去十年对苹果来说是一个非常成功的商业时期，因为该公司受益于智能手机的崛起，同时在手表和平板电脑等新产品方面也取得了成功，苹果或多或少地将其作为一个新的产品类别推出。目前，股价为 125 美元，比过去 12 个月上涨了 57%，但 2021 年迄今下跌了 6%。继2020年强劲上涨之后，股价目前似乎处于盘整模式，这并不奇怪，因为苹果的估值在最近的过去扩大了很多，而且该公司的业务增长似乎必须赶上最近的股价上涨。目前一致的目标价为 156 美元，这意味着上涨潜力为 25%。由于目前没有迹象表明股票会离开当前的交易区间，我个人认为苹果短期内不会突破150美元。</blockquote></p><p> <b>Where Will Apple Stock Be In 10 Years</b></p><p><blockquote><b>苹果股票10年后会在哪里</b></blockquote></p><p> Apple's stock price in 2031 is, of course, nothing that can be forecasted with any precision. As history has shown, again and again, it is not even possible to forecast share prices precisely over a much shorter period of time. It is, however, possible to craft scenarios to see where share prices could be in the future under certain conditions, to get a feel for what might be a reasonable expectation for the future.</p><p><blockquote>当然，2031年苹果的股价是无法精确预测的。历史一次又一次地表明，甚至不可能在更短的时间内准确预测股价。然而，可以制定情景，看看在特定条件下未来股价可能会处于什么位置，以了解对未来的合理预期。</blockquote></p><p> To craft one such scenario, we have to consider Apple's business growth, Apple's shareholder return program, and the valuation multiple that shares might trade at in the future.</p><p><blockquote>为了制定这样一个场景，我们必须考虑苹果的业务增长、苹果的股东回报计划以及股票未来可能交易的估值倍数。</blockquote></p><p> <b>Apple's business growth</b></p><p><blockquote><b>苹果的业务增长</b></blockquote></p><p> Apple Inc. has seen years of stronger growth and years of weaker growth in the past. This mostly can be explained by factors such as new product introductions, e.g. Watch or iPad, and by the strength of the respective current iPhone models, which see varying demand depending on the year. Other factors, such as economic growth or trade issues, play a role as well.</p><p><blockquote>苹果公司过去经历了几年的强劲增长和几年的疲软增长。这主要可以用新产品推出等因素来解释。手表或iPad，以及各自当前iPhone型号的实力，这些型号的需求因年份而异。其他因素，如经济增长或贸易问题，也起着一定的作用。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a5b8bd8ef6cdaa13850c1380e870554c\" tg-width=\"635\" tg-height=\"419\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据由YCharts提供</span></p></blockquote></p><p> Overall, revenues have grown by 154% over the last decade, but as we see in the above chart, revenue growth has been relatively uneven. During the early 2010s, Apple generated massive growth on the back of the iPhones \"road to victory\", whereas revenue growth declined to a much slower pace in the following years. There were even some years during which revenues declined on a year-over-year basis, such as 2016. The average annual revenue growth pace was 10% over the last decade, but when we factor in that this was lifted up by the very strong growth in 2011 and 2012, it may not be too reasonable to assume that Apple will grow by 10% a year in the future, too. Investors should also consider that maintaining a high growth rate becomes ever more difficult the larger a company gets. This does, however, not mean that Apple's revenue growth will slow down to zero.</p><p><blockquote>总体而言，过去十年收入增长了 154%，但正如我们在上图中看到的，收入增长相对不均衡。在2010年代初，苹果在iPhone“胜利之路”的支持下实现了巨大的增长，而在接下来的几年里，收入增长放缓得多。甚至有一些年份收入同比下降，例如2016年。过去十年的平均年收入增长率为10%，但当我们考虑到2011年和2012年非常强劲的增长推动了这一增长时，假设苹果未来每年也将增长10%可能不太合理。投资者还应该考虑到，公司规模越大，保持高增长率就越困难。然而，这并不意味着苹果的收入增长将放缓至零。</blockquote></p><p></p><p> On the back of price increases for its products and the potential for market share gains in&nbsp;high-growth countries such as China, where more and more people will be able to buy Apple's higher-priced products, it seems reasonable to assume that Apple will generate at least some growth from its core businesses. Add in growth in the services segment - people use their phones more and more, which should lead to higher app spending - and consider the potential for new product launches (although I assume none will be as massive as the iPhone), and Apple should be able to grow its business at a solid pace. I personally assume that a 5%-7% revenue growth rate could be a realistic estimate for the coming years, although some readers will of course have different opinions.</p><p><blockquote>在苹果产品价格上涨以及在中国等高增长国家市场份额增长潜力的背景下，越来越多的人将能够购买苹果价格更高的产品，似乎有理由假设苹果将至少从其核心业务中产生一些增长。再加上服务领域的增长——人们越来越多地使用手机，这应该会导致应用程序支出增加——并考虑新产品发布的潜力（尽管我认为没有一款产品会像 iPhone 那样大规模），苹果应该能够以坚实的速度发展其业务。我个人认为，未来几年5%-7%的收入增长率可能是一个现实的估计，尽管一些读者当然会有不同的看法。</blockquote></p><p> <b>Apple's shareholder returns</b></p><p><blockquote><b>苹果股东回报</b></blockquote></p><p> Apple has lowered its share count massively in the past, as shown above, and it is, I believe, reasonable to assume that the same will happen going forward. Over the last decade, Apple bought back 36% of its shares. If the same were to happen over the next decade, each remaining share's portion of the company's value would rise by 56%, or 4.6% annualized. Due to the fact that Apple's current valuation is significantly higher than its historic valuation, buybacks could be less impactful in the future, though. Apple has, for example, only reduced its share count by 2.6% over the last year.</p><p><blockquote>如上所示，苹果过去曾大幅降低其股票数量，我相信，有理由假设未来也会发生同样的情况。过去十年，苹果回购了 36% 的股份。如果未来十年发生同样的情况，每股剩余股份在公司价值中所占份额将增长 56%，即年化增长 4.6%。不过，由于苹果目前的估值明显高于其历史估值，回购在未来的影响可能会较小。例如，苹果去年仅将其股票数量减少了 2.6%。</blockquote></p><p> This is why I believe that the share count will not decline by another 36% over the coming decade. When we adjust that downward to 25%, this would result in a ~3% annual tailwind for Apple's growth when we look at per-share metrics, which are the deciding factor for Apple's share price growth. Combined with my 5%-7% business growth estimate, I thus assume that Apple will grow by 8%-10% on a per-share basis in the long term.</p><p><blockquote>这就是为什么我相信未来十年股份数量不会再下降36%。当我们将其向下调整至 25% 时，当我们查看每股指标时，这将为苹果的增长带来约 3% 的年度推动力，而每股指标是苹果股价增长的决定性因素。结合我 5%-7% 的业务增长预期，我因此假设苹果从长远来看每股将增长 8%-10%。</blockquote></p><p> <b>Apple's future valuation</b></p><p><blockquote><b>苹果未来估值</b></blockquote></p><p> AAPL has been valued in a very wide range in the past, seeing its shares trade for very low multiples at some points, whereas investors were willing to pay significantly more at other times:</p><p><blockquote>AAPL 过去的估值范围非常广泛，其股票交易倍数在某些时候非常低，而投资者则愿意在其他时候支付更高的价格：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/be5cb8bbc04ff0e0a13ee64f6f2bd90a\" tg-width=\"635\" tg-height=\"470\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据由YCharts提供</span></p></blockquote></p><p> Shares could, five years ago, be bought for a very low 10x net earnings, which naturally was a great time to enter or expand positions. In late 2020, however, shares were trading for as much as 40x the company's net earnings, which seems like a quite high valuation. Right now, AAPL trades at 28x trailing earnings, and at around 24x forward profits. In the above chart, we also see the median earnings multiples over the last 3, 5, 7, and 10 years. It is pretty clear that Apple's valuation has expanded over the years, which is why the median values are higher for the shorter \"lookback\" periods. I do not believe that AAPL will trade at the 15.5x net earnings that it has traded at, on average, over the last decade, as this seems like a rather low valuation for a quality company like Apple with a strong brand, massive scale, great margins, and a fortress balance sheet. On the other hand, I also don't believe that Apple will trade at a 24-28x earnings multiple forever - for a company that generates solid but unspectacular business growth in the mid-single-digits, that seems quite expensive. This is especially true when we consider that interest rates will likely be higher a decade from now, which should pressure valuations for all equities, all else equal. I thus believe that a valuation of around 20x net earnings could be a reasonable estimate for 2031, which would be more or less in line with the 3-year median earnings multiple.</p><p><blockquote>五年前，可以以非常低的 10 倍净利润购买股票，这自然是进入或扩大头寸的好时机。然而，到 2020 年底，股价交易价格高达公司净利润的 40 倍，这似乎是一个相当高的估值。目前，AAPL 的历史市盈率为 28 倍，远期利润约为 24 倍。在上图中，我们还看到了过去 3 年、5 年、7 年和 10 年的中位数收益倍数。很明显，苹果的估值多年来一直在扩大，这就是为什么在较短的“回顾”期间，中值更高。我不相信 AAPL 的交易价格会达到过去十年平均净利润的 15.5 倍，因为对于苹果这样一家拥有强大品牌、庞大规模、巨大利润和堡垒资产负债表的优质公司来说，这似乎是一个相当低的估值。另一方面，我也不相信苹果会永远以 24-28 倍的市盈率进行交易——对于一家以中个位数实现稳健但并不引人注目的业务增长的公司来说，这似乎相当昂贵。当我们考虑到十年后利率可能会更高时，情况尤其如此，这应该会给所有股票的估值带来压力，而其他条件相同。因此，我认为 2031 年净利润 20 倍左右的估值可能是一个合理的估计，这或多或少与 3 年市盈率中位数一致。</blockquote></p><p> <b>Is AAPL A Buy Or Sell Now</b></p><p><blockquote><b>AAPL 现在是买入还是卖出</b></blockquote></p><p> Starting our calculation with an EPS estimate of $5.15 for 2021 and assuming that this will grow by 7%-10% a year through 2031, we reach an EPS range of $10.10 to $13.40. Putting a 20x earnings multiple on that leads to a target price of around $200-$270/share. At the midpoint of around $235, shares would thus see gains of around 90% from the current level, or around 6.5% annualized. That surely is not a bad return, and when we add in the dividend, we would get to an annualized return of roughly 7%. This is, on the other hand, also not an outrageously great return, I believe.</p><p><blockquote>从 2021 年每股收益估计值 5.15 美元开始计算，并假设到 2031 年每年增长 7%-10%，我们的每股收益范围为 10.10 美元至 13.40 美元。将 20 倍市盈率放在该市盈率上，目标价约为每股 200-270 美元。因此，在 235 美元左右的中点，股价将比当前水平上涨约 90%，即年化上涨约 6.5%。这当然不是一个糟糕的回报，当我们加上股息时，我们将获得大约7%的年化回报率。另一方面，我相信这也不是一个惊人的大回报。</blockquote></p><p></p><p> AAPL has, I believe, significant upside potential over the next decade, but that should not be a large surprise - many companies will see significant growth over a time span this long. I personally am not too excited about a 7% expected long-term return. When we consider that shares do have considerable downside risk in the next 1-3 years if Apple's valuation declines, e.g. due to rising interest rates, it may be a better choice to stay on the sidelines for now. Long-term investors will likely not do badly when they buy shares at current levels, but they will likely also not do great. For now, I'd rate Apple a hold, and a potential buy if its valuation comes closer to the longer-term average. Those that are more optimistic about new product launches may disagree and favor buying here, but it could turn out that waiting for a better opportunity is the best choice here.</p><p><blockquote>我相信，AAPL 在未来十年具有巨大的上涨潜力，但这并不令人意外——许多公司将在这么长的时间内实现显着增长。我个人对7%的预期长期回报不太兴奋。当我们考虑到如果苹果估值下降（例如由于利率上升），未来1-3年内股价确实存在相当大的下行风险时，暂时保持观望可能是更好的选择。长期投资者在当前水平购买股票时可能不会表现不佳，但也可能不会表现得很好。目前，我将苹果评级为持有，如果其估值接近长期平均水平，则可能会买入。那些对新产品发布更乐观的人可能不同意，更喜欢在这里购买，但事实证明，等待更好的机会是这里的最佳选择。</blockquote></p><p> Summing it up, I'd say shares do have significant upside potential over the next decade, but the upside potential is not large enough to make me buy shares at current, elevated, valuations.</p><p><blockquote>总而言之，我想说股票在未来十年确实具有巨大的上涨潜力，但上涨潜力还不足以让我以当前较高的估值购买股票。</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>Where Will Apple Stock Be In 10 Years? What To Consider<blockquote>10年后苹果股票会在哪里？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\">\nWhere Will Apple Stock Be In 10 Years? What To Consider<blockquote>10年后苹果股票会在哪里？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\">2021-06-04 15:56</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>Apple has been a great investment over the last decade, but the next decade may look quite different.</li>  <li>Apple has seen its growth slow down over the last decade, and it will likely not be a growth monster in the coming years, either.</li>  <li>Shares have ample long-term upside, but investors should consider the current valuation before jumping to decisions.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9f2ea192ed76d9772c2c6a820098faf5\" tg-width=\"1536\" tg-height=\"1024\" referrerpolicy=\"no-referrer\"><span>Photo by Paopano/iStock Editorial via Getty Images</span></p><p><blockquote><ul><li>苹果在过去十年中是一项伟大的投资，但未来十年可能会大不相同。</li><li>苹果在过去十年中增长放缓，未来几年也不太可能成为增长怪物。</li><li>股票具有充足的长期上涨空间，但投资者在做出决定之前应考虑当前的估值。</li></ul><p class=\"t-img-caption\"><span>摄影：Paopano/iStock 社论来自 Getty Images</span></p></blockquote></p><p> <b>Article Thesis</b></p><p><blockquote><b>文章论文</b></blockquote></p><p> Apple (AAPL) has been one of the best investments one could have made over the last decade. Over the next decade, its growth may not be the same, however. Yet, thanks to massive shareholder return programs and a move towards services, Apple's stock will likely still be significantly higher a decade from now - even though the current valuation is rather high.</p><p><blockquote>苹果 (AAPL) 是过去十年中最好的投资之一。然而，在接下来的十年里，它的增长可能不会一样。然而，由于大规模的股东回报计划和向服务业的转变，十年后苹果的股价可能仍会大幅上涨——尽管目前的估值相当高。</blockquote></p><p> <b>Apple Stock Price</b></p><p><blockquote><b>苹果股价</b></blockquote></p><p> Over the last decade, Apple Inc. has been a great investment:</p><p><blockquote>在过去十年中，苹果公司一直是一项伟大的投资：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5d29aa34bdbc5bab7d0730a4095954e6\" tg-width=\"635\" tg-height=\"419\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据由YCharts提供</span></p></blockquote></p><p> Shares have returned 900% in those ten years, before dividends, for a compounded annual return of approximately 26%, easily trouncing the returns of the broad market during that time frame. Importantly, shares have risen a lot more than the company's market capitalization, which grew by only 550% over the last decade. The difference can be explained by the company's large share repurchase programs, which have lowered the share count drastically over the last decade. The last decade, of course, was a highly successful period for Apple on a business basis, as the company benefited from the rise of smartphones while also having success with new products such as its Watch and tablets, which Apple more or less introduced as a new product category. Right now, shares trade for $125, up 57% over the last twelve months, but down 6% in 2021 to date. Following strong gains during 2020, shares seem to be in a consolidation pattern for now, which is not too much of a surprise, as Apple's valuation had expanded a lot in the recent past, and it seems that the company's business growth has to catch up to the recent share price increases now. The current consensus price target is $156, which implies an upside potential of 25%. Since there are no signs of shares leaving their current trading range right now, I personally do not think that Apple will breach $150 in the near term.</p><p><blockquote>在这十年中，扣除股息前的股票回报率为 900%，年复合回报率约为 26%，轻松超过了该时期大盘的回报率。重要的是，股价的涨幅远远超过了公司的市值，而公司的市值在过去十年中仅增长了 550%。这种差异可以用该公司的大规模股票回购计划来解释，该计划在过去十年中大幅降低了股票数量。当然，过去十年对苹果来说是一个非常成功的商业时期，因为该公司受益于智能手机的崛起，同时在手表和平板电脑等新产品方面也取得了成功，苹果或多或少地将其作为一个新的产品类别推出。目前，股价为 125 美元，比过去 12 个月上涨了 57%，但 2021 年迄今下跌了 6%。继2020年强劲上涨之后，股价目前似乎处于盘整模式，这并不奇怪，因为苹果的估值在最近的过去扩大了很多，而且该公司的业务增长似乎必须赶上最近的股价上涨。目前一致的目标价为 156 美元，这意味着上涨潜力为 25%。由于目前没有迹象表明股票会离开当前的交易区间，我个人认为苹果短期内不会突破150美元。</blockquote></p><p> <b>Where Will Apple Stock Be In 10 Years</b></p><p><blockquote><b>苹果股票10年后会在哪里</b></blockquote></p><p> Apple's stock price in 2031 is, of course, nothing that can be forecasted with any precision. As history has shown, again and again, it is not even possible to forecast share prices precisely over a much shorter period of time. It is, however, possible to craft scenarios to see where share prices could be in the future under certain conditions, to get a feel for what might be a reasonable expectation for the future.</p><p><blockquote>当然，2031年苹果的股价是无法精确预测的。历史一次又一次地表明，甚至不可能在更短的时间内准确预测股价。然而，可以制定情景，看看在特定条件下未来股价可能会处于什么位置，以了解对未来的合理预期。</blockquote></p><p> To craft one such scenario, we have to consider Apple's business growth, Apple's shareholder return program, and the valuation multiple that shares might trade at in the future.</p><p><blockquote>为了制定这样一个场景，我们必须考虑苹果的业务增长、苹果的股东回报计划以及股票未来可能交易的估值倍数。</blockquote></p><p> <b>Apple's business growth</b></p><p><blockquote><b>苹果的业务增长</b></blockquote></p><p> Apple Inc. has seen years of stronger growth and years of weaker growth in the past. This mostly can be explained by factors such as new product introductions, e.g. Watch or iPad, and by the strength of the respective current iPhone models, which see varying demand depending on the year. Other factors, such as economic growth or trade issues, play a role as well.</p><p><blockquote>苹果公司过去经历了几年的强劲增长和几年的疲软增长。这主要可以用新产品推出等因素来解释。手表或iPad，以及各自当前iPhone型号的实力，这些型号的需求因年份而异。其他因素，如经济增长或贸易问题，也起着一定的作用。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a5b8bd8ef6cdaa13850c1380e870554c\" tg-width=\"635\" tg-height=\"419\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据由YCharts提供</span></p></blockquote></p><p> Overall, revenues have grown by 154% over the last decade, but as we see in the above chart, revenue growth has been relatively uneven. During the early 2010s, Apple generated massive growth on the back of the iPhones \"road to victory\", whereas revenue growth declined to a much slower pace in the following years. There were even some years during which revenues declined on a year-over-year basis, such as 2016. The average annual revenue growth pace was 10% over the last decade, but when we factor in that this was lifted up by the very strong growth in 2011 and 2012, it may not be too reasonable to assume that Apple will grow by 10% a year in the future, too. Investors should also consider that maintaining a high growth rate becomes ever more difficult the larger a company gets. This does, however, not mean that Apple's revenue growth will slow down to zero.</p><p><blockquote>总体而言，过去十年收入增长了 154%，但正如我们在上图中看到的，收入增长相对不均衡。在2010年代初，苹果在iPhone“胜利之路”的支持下实现了巨大的增长，而在接下来的几年里，收入增长放缓得多。甚至有一些年份收入同比下降，例如2016年。过去十年的平均年收入增长率为10%，但当我们考虑到2011年和2012年非常强劲的增长推动了这一增长时，假设苹果未来每年也将增长10%可能不太合理。投资者还应该考虑到，公司规模越大，保持高增长率就越困难。然而，这并不意味着苹果的收入增长将放缓至零。</blockquote></p><p></p><p> On the back of price increases for its products and the potential for market share gains in&nbsp;high-growth countries such as China, where more and more people will be able to buy Apple's higher-priced products, it seems reasonable to assume that Apple will generate at least some growth from its core businesses. Add in growth in the services segment - people use their phones more and more, which should lead to higher app spending - and consider the potential for new product launches (although I assume none will be as massive as the iPhone), and Apple should be able to grow its business at a solid pace. I personally assume that a 5%-7% revenue growth rate could be a realistic estimate for the coming years, although some readers will of course have different opinions.</p><p><blockquote>在苹果产品价格上涨以及在中国等高增长国家市场份额增长潜力的背景下，越来越多的人将能够购买苹果价格更高的产品，似乎有理由假设苹果将至少从其核心业务中产生一些增长。再加上服务领域的增长——人们越来越多地使用手机，这应该会导致应用程序支出增加——并考虑新产品发布的潜力（尽管我认为没有一款产品会像 iPhone 那样大规模），苹果应该能够以坚实的速度发展其业务。我个人认为，未来几年5%-7%的收入增长率可能是一个现实的估计，尽管一些读者当然会有不同的看法。</blockquote></p><p> <b>Apple's shareholder returns</b></p><p><blockquote><b>苹果股东回报</b></blockquote></p><p> Apple has lowered its share count massively in the past, as shown above, and it is, I believe, reasonable to assume that the same will happen going forward. Over the last decade, Apple bought back 36% of its shares. If the same were to happen over the next decade, each remaining share's portion of the company's value would rise by 56%, or 4.6% annualized. Due to the fact that Apple's current valuation is significantly higher than its historic valuation, buybacks could be less impactful in the future, though. Apple has, for example, only reduced its share count by 2.6% over the last year.</p><p><blockquote>如上所示，苹果过去曾大幅降低其股票数量，我相信，有理由假设未来也会发生同样的情况。过去十年，苹果回购了 36% 的股份。如果未来十年发生同样的情况，每股剩余股份在公司价值中所占份额将增长 56%，即年化增长 4.6%。不过，由于苹果目前的估值明显高于其历史估值，回购在未来的影响可能会较小。例如，苹果去年仅将其股票数量减少了 2.6%。</blockquote></p><p> This is why I believe that the share count will not decline by another 36% over the coming decade. When we adjust that downward to 25%, this would result in a ~3% annual tailwind for Apple's growth when we look at per-share metrics, which are the deciding factor for Apple's share price growth. Combined with my 5%-7% business growth estimate, I thus assume that Apple will grow by 8%-10% on a per-share basis in the long term.</p><p><blockquote>这就是为什么我相信未来十年股份数量不会再下降36%。当我们将其向下调整至 25% 时，当我们查看每股指标时，这将为苹果的增长带来约 3% 的年度推动力，而每股指标是苹果股价增长的决定性因素。结合我 5%-7% 的业务增长预期，我因此假设苹果从长远来看每股将增长 8%-10%。</blockquote></p><p> <b>Apple's future valuation</b></p><p><blockquote><b>苹果未来估值</b></blockquote></p><p> AAPL has been valued in a very wide range in the past, seeing its shares trade for very low multiples at some points, whereas investors were willing to pay significantly more at other times:</p><p><blockquote>AAPL 过去的估值范围非常广泛，其股票交易倍数在某些时候非常低，而投资者则愿意在其他时候支付更高的价格：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/be5cb8bbc04ff0e0a13ee64f6f2bd90a\" tg-width=\"635\" tg-height=\"470\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据由YCharts提供</span></p></blockquote></p><p> Shares could, five years ago, be bought for a very low 10x net earnings, which naturally was a great time to enter or expand positions. In late 2020, however, shares were trading for as much as 40x the company's net earnings, which seems like a quite high valuation. Right now, AAPL trades at 28x trailing earnings, and at around 24x forward profits. In the above chart, we also see the median earnings multiples over the last 3, 5, 7, and 10 years. It is pretty clear that Apple's valuation has expanded over the years, which is why the median values are higher for the shorter \"lookback\" periods. I do not believe that AAPL will trade at the 15.5x net earnings that it has traded at, on average, over the last decade, as this seems like a rather low valuation for a quality company like Apple with a strong brand, massive scale, great margins, and a fortress balance sheet. On the other hand, I also don't believe that Apple will trade at a 24-28x earnings multiple forever - for a company that generates solid but unspectacular business growth in the mid-single-digits, that seems quite expensive. This is especially true when we consider that interest rates will likely be higher a decade from now, which should pressure valuations for all equities, all else equal. I thus believe that a valuation of around 20x net earnings could be a reasonable estimate for 2031, which would be more or less in line with the 3-year median earnings multiple.</p><p><blockquote>五年前，可以以非常低的 10 倍净利润购买股票，这自然是进入或扩大头寸的好时机。然而，到 2020 年底，股价交易价格高达公司净利润的 40 倍，这似乎是一个相当高的估值。目前，AAPL 的历史市盈率为 28 倍，远期利润约为 24 倍。在上图中，我们还看到了过去 3 年、5 年、7 年和 10 年的中位数收益倍数。很明显，苹果的估值多年来一直在扩大，这就是为什么在较短的“回顾”期间，中值更高。我不相信 AAPL 的交易价格会达到过去十年平均净利润的 15.5 倍，因为对于苹果这样一家拥有强大品牌、庞大规模、巨大利润和堡垒资产负债表的优质公司来说，这似乎是一个相当低的估值。另一方面，我也不相信苹果会永远以 24-28 倍的市盈率进行交易——对于一家以中个位数实现稳健但并不引人注目的业务增长的公司来说，这似乎相当昂贵。当我们考虑到十年后利率可能会更高时，情况尤其如此，这应该会给所有股票的估值带来压力，而其他条件相同。因此，我认为 2031 年净利润 20 倍左右的估值可能是一个合理的估计，这或多或少与 3 年市盈率中位数一致。</blockquote></p><p> <b>Is AAPL A Buy Or Sell Now</b></p><p><blockquote><b>AAPL 现在是买入还是卖出</b></blockquote></p><p> Starting our calculation with an EPS estimate of $5.15 for 2021 and assuming that this will grow by 7%-10% a year through 2031, we reach an EPS range of $10.10 to $13.40. Putting a 20x earnings multiple on that leads to a target price of around $200-$270/share. At the midpoint of around $235, shares would thus see gains of around 90% from the current level, or around 6.5% annualized. That surely is not a bad return, and when we add in the dividend, we would get to an annualized return of roughly 7%. This is, on the other hand, also not an outrageously great return, I believe.</p><p><blockquote>从 2021 年每股收益估计值 5.15 美元开始计算，并假设到 2031 年每年增长 7%-10%，我们的每股收益范围为 10.10 美元至 13.40 美元。将 20 倍市盈率放在该市盈率上，目标价约为每股 200-270 美元。因此，在 235 美元左右的中点，股价将比当前水平上涨约 90%，即年化上涨约 6.5%。这当然不是一个糟糕的回报，当我们加上股息时，我们将获得大约7%的年化回报率。另一方面，我相信这也不是一个惊人的大回报。</blockquote></p><p></p><p> AAPL has, I believe, significant upside potential over the next decade, but that should not be a large surprise - many companies will see significant growth over a time span this long. I personally am not too excited about a 7% expected long-term return. When we consider that shares do have considerable downside risk in the next 1-3 years if Apple's valuation declines, e.g. due to rising interest rates, it may be a better choice to stay on the sidelines for now. Long-term investors will likely not do badly when they buy shares at current levels, but they will likely also not do great. For now, I'd rate Apple a hold, and a potential buy if its valuation comes closer to the longer-term average. Those that are more optimistic about new product launches may disagree and favor buying here, but it could turn out that waiting for a better opportunity is the best choice here.</p><p><blockquote>我相信，AAPL 在未来十年具有巨大的上涨潜力，但这并不令人意外——许多公司将在这么长的时间内实现显着增长。我个人对7%的预期长期回报不太兴奋。当我们考虑到如果苹果估值下降（例如由于利率上升），未来1-3年内股价确实存在相当大的下行风险时，暂时保持观望可能是更好的选择。长期投资者在当前水平购买股票时可能不会表现不佳，但也可能不会表现得很好。目前，我将苹果评级为持有，如果其估值接近长期平均水平，则可能会买入。那些对新产品发布更乐观的人可能不同意，更喜欢在这里购买，但事实证明，等待更好的机会是这里的最佳选择。</blockquote></p><p> Summing it up, I'd say shares do have significant upside potential over the next decade, but the upside potential is not large enough to make me buy shares at current, elevated, valuations.</p><p><blockquote>总而言之，我想说股票在未来十年确实具有巨大的上涨潜力，但上涨潜力还不足以让我以当前较高的估值购买股票。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4432703-apple-stock-in-10-years\">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":{"AAPL":"苹果"},"source_url":"https://seekingalpha.com/article/4432703-apple-stock-in-10-years","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1122373606","content_text":"Summary\n\nApple has been a great investment over the last decade, but the next decade may look quite different.\nApple has seen its growth slow down over the last decade, and it will likely not be a growth monster in the coming years, either.\nShares have ample long-term upside, but investors should consider the current valuation before jumping to decisions.\n\nPhoto by Paopano/iStock Editorial via Getty Images\nArticle Thesis\nApple (AAPL) has been one of the best investments one could have made over the last decade. Over the next decade, its growth may not be the same, however. Yet, thanks to massive shareholder return programs and a move towards services, Apple's stock will likely still be significantly higher a decade from now - even though the current valuation is rather high.\nApple Stock Price\nOver the last decade, Apple Inc. has been a great investment:\nData by YCharts\nShares have returned 900% in those ten years, before dividends, for a compounded annual return of approximately 26%, easily trouncing the returns of the broad market during that time frame. Importantly, shares have risen a lot more than the company's market capitalization, which grew by only 550% over the last decade. The difference can be explained by the company's large share repurchase programs, which have lowered the share count drastically over the last decade. The last decade, of course, was a highly successful period for Apple on a business basis, as the company benefited from the rise of smartphones while also having success with new products such as its Watch and tablets, which Apple more or less introduced as a new product category. Right now, shares trade for $125, up 57% over the last twelve months, but down 6% in 2021 to date. Following strong gains during 2020, shares seem to be in a consolidation pattern for now, which is not too much of a surprise, as Apple's valuation had expanded a lot in the recent past, and it seems that the company's business growth has to catch up to the recent share price increases now. The current consensus price target is $156, which implies an upside potential of 25%. Since there are no signs of shares leaving their current trading range right now, I personally do not think that Apple will breach $150 in the near term.\nWhere Will Apple Stock Be In 10 Years\nApple's stock price in 2031 is, of course, nothing that can be forecasted with any precision. As history has shown, again and again, it is not even possible to forecast share prices precisely over a much shorter period of time. It is, however, possible to craft scenarios to see where share prices could be in the future under certain conditions, to get a feel for what might be a reasonable expectation for the future.\nTo craft one such scenario, we have to consider Apple's business growth, Apple's shareholder return program, and the valuation multiple that shares might trade at in the future.\nApple's business growth\nApple Inc. has seen years of stronger growth and years of weaker growth in the past. This mostly can be explained by factors such as new product introductions, e.g. Watch or iPad, and by the strength of the respective current iPhone models, which see varying demand depending on the year. Other factors, such as economic growth or trade issues, play a role as well.\nData by YCharts\nOverall, revenues have grown by 154% over the last decade, but as we see in the above chart, revenue growth has been relatively uneven. During the early 2010s, Apple generated massive growth on the back of the iPhones \"road to victory\", whereas revenue growth declined to a much slower pace in the following years. There were even some years during which revenues declined on a year-over-year basis, such as 2016. The average annual revenue growth pace was 10% over the last decade, but when we factor in that this was lifted up by the very strong growth in 2011 and 2012, it may not be too reasonable to assume that Apple will grow by 10% a year in the future, too. Investors should also consider that maintaining a high growth rate becomes ever more difficult the larger a company gets. This does, however, not mean that Apple's revenue growth will slow down to zero.\nOn the back of price increases for its products and the potential for market share gains in high-growth countries such as China, where more and more people will be able to buy Apple's higher-priced products, it seems reasonable to assume that Apple will generate at least some growth from its core businesses. Add in growth in the services segment - people use their phones more and more, which should lead to higher app spending - and consider the potential for new product launches (although I assume none will be as massive as the iPhone), and Apple should be able to grow its business at a solid pace. I personally assume that a 5%-7% revenue growth rate could be a realistic estimate for the coming years, although some readers will of course have different opinions.\nApple's shareholder returns\nApple has lowered its share count massively in the past, as shown above, and it is, I believe, reasonable to assume that the same will happen going forward. Over the last decade, Apple bought back 36% of its shares. If the same were to happen over the next decade, each remaining share's portion of the company's value would rise by 56%, or 4.6% annualized. Due to the fact that Apple's current valuation is significantly higher than its historic valuation, buybacks could be less impactful in the future, though. Apple has, for example, only reduced its share count by 2.6% over the last year.\nThis is why I believe that the share count will not decline by another 36% over the coming decade. When we adjust that downward to 25%, this would result in a ~3% annual tailwind for Apple's growth when we look at per-share metrics, which are the deciding factor for Apple's share price growth. Combined with my 5%-7% business growth estimate, I thus assume that Apple will grow by 8%-10% on a per-share basis in the long term.\nApple's future valuation\nAAPL has been valued in a very wide range in the past, seeing its shares trade for very low multiples at some points, whereas investors were willing to pay significantly more at other times:\nData by YCharts\nShares could, five years ago, be bought for a very low 10x net earnings, which naturally was a great time to enter or expand positions. In late 2020, however, shares were trading for as much as 40x the company's net earnings, which seems like a quite high valuation. Right now, AAPL trades at 28x trailing earnings, and at around 24x forward profits. In the above chart, we also see the median earnings multiples over the last 3, 5, 7, and 10 years. It is pretty clear that Apple's valuation has expanded over the years, which is why the median values are higher for the shorter \"lookback\" periods. I do not believe that AAPL will trade at the 15.5x net earnings that it has traded at, on average, over the last decade, as this seems like a rather low valuation for a quality company like Apple with a strong brand, massive scale, great margins, and a fortress balance sheet. On the other hand, I also don't believe that Apple will trade at a 24-28x earnings multiple forever - for a company that generates solid but unspectacular business growth in the mid-single-digits, that seems quite expensive. This is especially true when we consider that interest rates will likely be higher a decade from now, which should pressure valuations for all equities, all else equal. I thus believe that a valuation of around 20x net earnings could be a reasonable estimate for 2031, which would be more or less in line with the 3-year median earnings multiple.\nIs AAPL A Buy Or Sell Now\nStarting our calculation with an EPS estimate of $5.15 for 2021 and assuming that this will grow by 7%-10% a year through 2031, we reach an EPS range of $10.10 to $13.40. Putting a 20x earnings multiple on that leads to a target price of around $200-$270/share. At the midpoint of around $235, shares would thus see gains of around 90% from the current level, or around 6.5% annualized. That surely is not a bad return, and when we add in the dividend, we would get to an annualized return of roughly 7%. This is, on the other hand, also not an outrageously great return, I believe.\nAAPL has, I believe, significant upside potential over the next decade, but that should not be a large surprise - many companies will see significant growth over a time span this long. I personally am not too excited about a 7% expected long-term return. When we consider that shares do have considerable downside risk in the next 1-3 years if Apple's valuation declines, e.g. due to rising interest rates, it may be a better choice to stay on the sidelines for now. Long-term investors will likely not do badly when they buy shares at current levels, but they will likely also not do great. For now, I'd rate Apple a hold, and a potential buy if its valuation comes closer to the longer-term average. Those that are more optimistic about new product launches may disagree and favor buying here, but it could turn out that waiting for a better opportunity is the best choice here.\nSumming it up, I'd say shares do have significant upside potential over the next decade, but the upside potential is not large enough to make me buy shares at current, elevated, valuations.","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":1476,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":139215966,"gmtCreate":1621637313955,"gmtModify":1634187569387,"author":{"id":"3569656843423150","authorId":"3569656843423150","name":"RIZALLL","avatar":"https://static.tigerbbs.com/51f3407d4e84a577b1644cef437e0daa","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569656843423150","idStr":"3569656843423150"},"themes":[],"title":"","htmlText":"like and comment please","listText":"like and comment please","text":"like and comment please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/139215966","repostId":"2137906121","repostType":4,"isVote":1,"tweetType":1,"viewCount":589,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}