Maxangelos的个人主页 - 老虎社区

Maxangelos

Maxangelos

暂无个人介绍

IP属地：未知

8关注

4粉丝

0主题

0勋章

2021-05-21

$Tiger Brokers(TIGR)$Gogogo

2021-06-28

True

Cloudflare: High-Quality Business, But Not Cheap<blockquote>Cloudflare：高质量的业务，但不便宜</blockquote>

2021-05-27

$Marathon Digital Holdings Inc(MARA)$Hopefully today will be a good day for Mara!

2021-06-18

Hopefully all is well.

抱歉，原内容已删除

2021-05-21

$Tiger Brokers(TIGR)$ yay

2021-05-28

$Bionano Genomics(BNGO)$Gogogo!

2021-04-08

$Tiger Brokers(TIGR)$Break $19 soon!

2021-06-22

I wonder how much was paid

抱歉，原内容已删除

2021-06-22

Yes

The Bull Market Depends on These 2 Must-Watch Stocks This Week<blockquote>牛市就看这2只本周必看股</blockquote>

2021-06-18

Yet it could be only time will tell

抱歉，原内容已删除

去老虎APP查看更多动态

{"i18n":{"language":"zh_CN"},"userPageInfo":{"id":"3570960659889242","uuid":"3570960659889242","gmtCreate":1607874734132,"gmtModify":1607910373978,"name":"Maxangelos","pinyin":"maxangelos","introduction":"","introductionEn":null,"signature":"","avatar":"https://static.tigerbbs.com/ccba3d2f1a7d2b8a82607de96d5c732b","hat":null,"hatId":null,"hatName":null,"vip":1,"status":2,"fanSize":4,"headSize":8,"tweetSize":32,"questionSize":0,"limitLevel":999,"accountStatus":4,"level":{"id":3,"name":"书生虎","nameTw":"書生虎","represent":"努力向上","factor":"发布10条非转发主帖,其中5条获得他人回复或点赞","iconColor":"3C9E83","bgColor":"A2F1D9"},"themeCounts":0,"badgeCounts":0,"badges":[],"moderator":false,"superModerator":false,"manageSymbols":null,"badgeLevel":null,"boolIsFan":false,"boolIsHead":false,"favoriteSize":0,"symbols":null,"coverImage":null,"realNameVerified":null,"userBadges":[{"badgeId":"228c86a078844d74991fff2b7ab2428d-1","templateUuid":"228c86a078844d74991fff2b7ab2428d","name":"投资经理虎","description":"证券账户累计交易金额达到10万美元","bigImgUrl":"https://static.tigerbbs.com/c8dfc27c1ee0e25db1c93e9d0b641101","smallImgUrl":"https://static.tigerbbs.com/f43908c142f8a33c78f5bdf0e2897488","grayImgUrl":"https://static.tigerbbs.com/82165ff19cb8a786e8919f92acee5213","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.07.14","exceedPercentage":"60.06%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1101},{"badgeId":"35ec162348d5460f88c959321e554969-2","templateUuid":"35ec162348d5460f88c959321e554969","name":"宗师交易员","description":"证券或期货账户累计交易次数达到100次","bigImgUrl":"https://static.tigerbbs.com/ad22cfbe2d05aa393b18e9226e4b0307","smallImgUrl":"https://static.tigerbbs.com/36702e6ff3ffe46acafee66cc85273ca","grayImgUrl":"https://static.tigerbbs.com/d52eb88fa385cf5abe2616ed63781765","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.08.13","exceedPercentage":"80.22%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100},{"badgeId":"e50ce593bb40487ebfb542ca54f6a561-1","templateUuid":"e50ce593bb40487ebfb542ca54f6a561","name":"出道虎友","description":"加入老虎社区500天","bigImgUrl":"https://static.tigerbbs.com/0e4d0ca1da0456dc7894c946d44bf9ab","smallImgUrl":"https://static.tigerbbs.com/0f2f65e8ce4cfaae8db2bea9b127f58b","grayImgUrl":"https://static.tigerbbs.com/c5948a31b6edf154422335b265235809","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.04.28","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1001},{"badgeId":"976c19eed35f4cd78f17501c2e99ef37-1","templateUuid":"976c19eed35f4cd78f17501c2e99ef37","name":"博闻投资者","description":"累计交易超过10只正股","bigImgUrl":"https://static.tigerbbs.com/e74cc24115c4fbae6154ec1b1041bf47","smallImgUrl":"https://static.tigerbbs.com/d48265cbfd97c57f9048db29f22227b0","grayImgUrl":"https://static.tigerbbs.com/76c6d6898b073c77e1c537ebe9ac1c57","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1102},{"badgeId":"518b5610c3e8410da5cfad115e4b0f5a-1","templateUuid":"518b5610c3e8410da5cfad115e4b0f5a","name":"实盘交易者","description":"完成一笔实盘交易","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100}],"userBadgeCount":5,"currentWearingBadge":null,"individualDisplayBadges":null,"crmLevel":4,"crmLevelSwitch":0,"location":"未知","starInvestorFollowerNum":0,"starInvestorFlag":false,"starInvestorOrderShareNum":0,"subscribeStarInvestorNum":0,"ror":null,"winRationPercentage":null,"showRor":false,"investmentPhilosophy":null,"starInvestorSubscribeFlag":false},"baikeInfo":{},"tab":"hot","tweets":[{"id":159625632,"gmtCreate":1624964773626,"gmtModify":1633946471798,"author":{"id":"3570960659889242","authorId":"3570960659889242","name":"Maxangelos","avatar":"https://static.tigerbbs.com/ccba3d2f1a7d2b8a82607de96d5c732b","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570960659889242","idStr":"3570960659889242"},"themes":[],"htmlText":"Interesting. I almost thought alibaba will be crushed&nbsp;","listText":"Interesting. I almost thought alibaba will be crushed&nbsp;","text":"Interesting. I almost thought alibaba will be crushed","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/159625632","repostId":"2147857893","repostType":4,"isVote":1,"tweetType":1,"viewCount":2494,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":150389455,"gmtCreate":1624887416277,"gmtModify":1633947503025,"author":{"id":"3570960659889242","authorId":"3570960659889242","name":"Maxangelos","avatar":"https://static.tigerbbs.com/ccba3d2f1a7d2b8a82607de96d5c732b","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570960659889242","idStr":"3570960659889242"},"themes":[],"htmlText":"True","listText":"True","text":"True","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/150389455","repostId":"1170953229","repostType":4,"repost":{"id":"1170953229","kind":"news","pubTimestamp":1624885060,"share":"https://www.laohu8.com/m/news/1170953229?lang=zh_CN&edition=full","pubTime":"2021-06-28 20:57","market":"us","language":"en","title":"Cloudflare: High-Quality Business, But Not Cheap<blockquote>Cloudflare：高质量的业务，但不便宜</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1170953229","media":"seekingalpha","summary":"Summary\n\nCloudflare is a high-performance CDN. Its paying customers continue to rapidly increase and","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Cloudflare is a high-performance CDN. Its paying customers continue to rapidly increase and show no signs of slowing down.</li>  <li>Cloudflare's gross margins are very high, reaching the high 70s%.</li>  <li>Cloudflare is priced at 53x forward sales, making it one of the most expensive SaaS names.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a7cd9332f245bbb2907015fd86c5ff20\" tg-width=\"1536\" tg-height=\"864\" referrerpolicy=\"no-referrer\"><span>imaginima/E+ via Getty Images</span></p><p><blockquote><ul><li>Cloudflare是一款高性能CDN。其付费客户继续快速增长，并且没有放缓的迹象。</li><li>Cloudflare的毛利率非常高，高达70%。</li><li>Cloudflare的定价是远期销售额的53倍，使其成为SaaS最昂贵的品牌之一。</li></ul><p class=\"t-img-caption\"><span>imaginima/E+来自Getty Images</span></p></blockquote></p><p> <b>Investment Thesis</b></p><p><blockquote><b>投资论文</b></blockquote></p><p> Cloudflare(NYSE:NET)is Content Delivery Network (''CDN''). As the world continues to rapidly digitize, the demand for high-quality and fast internet networks continues to increase. To this end, it's perhaps no surprise that investors have long ago understood these prospects and reflected this belief into Cloudflare's share price. In fact, Cloudflare is now priced at 53x forward sales making it one of the most expensive SaaS names.</p><p><blockquote>Cloudflare（纽约证券交易所代码：NET）是内容交付网络（“CDN”）。随着世界继续快速数字化，对高质量和快速互联网网络的需求不断增加。为此，投资者很久以前就了解这些前景并将这种信念反映到Cloudflare的股价中或许也就不足为奇了。事实上，Cloudflare现在的定价是远期销售额的53倍，使其成为SaaS最昂贵的品牌之一。</blockquote></p><p> Having said that, Cloudflare's growth rates continue to be persistently high and stable. Investors interested in Cloudflare will have to adopt a firm buy-and-hold strategy.</p><p><blockquote>话虽如此，Cloudflare的增长率仍然居高不下且稳定。对Cloudflare感兴趣的投资者将不得不采取坚定的买入并持有策略。</blockquote></p><p> <b>Voting Machine vs Weighing Machine</b></p><p><blockquote><b>投票机vs称重机</b></blockquote></p><p> Cloudflare is a Content Delivery Network (''CDN''). Its mission is to make the internet secure, faster, and more reliable.</p><p><blockquote>Cloudflare是一个内容交付网络（“CDN”）。它的使命是使互联网更安全、更快、更可靠。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0c97ad60d00f39022413a4453bb38d2d\" tg-width=\"635\" tg-height=\"433\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> This time last year, investors were passionately clamoring for Fastly (FSLY). It was viewed by many as a company that could do no wrong. This year, it's a dramatically different setup as the graph above depicts. Fastly has fallen by the wayside, while Cloudflare is now the reigning champion.</p><p><blockquote>去年这个时候，投资者对Fastly(FSLY)充满热情。许多人认为它是一家不会犯错的公司。今年，情况截然不同，如上图所示。Fastly已经半途而废，而Cloudflare现在是卫冕冠军。</blockquote></p><p> Investors are voting with their feet to exit Fastly and they are now piling in around Cloudflare.</p><p><blockquote>投资者正在用脚投票决定快速退出，他们现在正在涌入Cloudflare。</blockquote></p><p> As a value investor, I would normally argue that this is likely to once again revert. Here is a quote from Horace that legendary investor Benjamin Graham's investment philosophy was based on:<i>many shall berestoredthat now are fallen and many shall fall that now are in honor.</i></p><p><blockquote>作为一名价值投资者，我通常认为这种情况可能会再次恢复。以下是传奇投资者本杰明·格雷厄姆(Benjamin Graham)的投资理念所基于的贺拉斯(Horace)的一句话：<i>许多现在倒下的人将会复活，许多现在被荣耀的人将会倒下。</i></blockquote></p><p> Having said that, for every snapping one-liner an investor might put out, the real investor's prospects lie in doing the work and attempting to discern the underlying opportunity.</p><p><blockquote>话虽如此，对于投资者可能发表的每一句俏皮话，真正的投资者的前景在于做工作并试图辨别潜在的机会。</blockquote></p><p> <b>Cloudflare is a High-Quality Business</b></p><p><blockquote><b>Cloudflare是一项优质业务</b></blockquote></p><p> Cloudflare's non-GAAP gross margins are not only incredibly high, but they are highly stable too.</p><p><blockquote>Cloudflare的非GAAP毛利率不仅高得令人难以置信，而且非常稳定。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/161c2d74e08d4ccf531ab30182bd8a62\" tg-width=\"747\" tg-height=\"613\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> As a reminder, this compares with Fastly's60.1%as of Q1 2021. On the surface, this is incredibly alluring and is a typical indicator of a high-quality business.</p><p><blockquote>提醒一下，相比之下，Fastly截至2021年第一季度的这一比例为60.1%。从表面上看，这非常诱人，是高质量业务的典型指标。</blockquote></p><p> On the other hand, as we look out to Cloudflare's full-year guidance, its non-GAAP operating margins are expected to come in at<i>a negative 4%</i>. Of course, this is a substantial improvement from the negative 8% from 2020 and puts Cloudflare very close to breakeven.</p><p><blockquote>另一方面，当我们展望Cloudflare的全年指引时，其非GAAP营业利润率预计将达到<i>负4%</i>.当然，这比2020年的负8%有了实质性的改善，并使Cloudflare非常接近盈亏平衡。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8a369e8d30ed6115c1e05ca0b8310f0a\" tg-width=\"516\" tg-height=\"237\"><span>Source: Long-Term Model</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：长期模型</span></p></blockquote></p><p> Nevertheless, to go from<i>negative 4% to positive +20% in operating margins is a very steep climb</i>. So, investors should be cautious and take this guide with a pinch of salt.</p><p><blockquote>然而，从<i>营业利润率从负4%到正+20%是一个非常陡峭的攀升</i>因此，投资者应谨慎行事，对本指南持保留态度。</blockquote></p><p> Moving on, its latest sets of results put Cloudflare's dollar-based net retention at 123%. This is an important metric because it not only shows that the company's customer base is sticky but reminds us that Cloudflare is capable of upselling 23% more services to its customers y/y.</p><p><blockquote>展望未来，其最新业绩显示Cloudflare以美元计算的净保留率为123%。这是一个重要的指标，因为它不仅表明该公司的客户群具有粘性，而且提醒我们Cloudflare能够向其客户追加销售23%的服务。</blockquote></p><p> This insight, together with the fact that Cloudflare's paying customers continue to increase, should provide investors with confidence that Cloudflare's business is very healthy, as its revenues are increasing by a mixture of increasing customers and higher prices:</p><p><blockquote>这一见解，加上Cloudflare付费客户持续增加的事实，应该会让投资者相信Cloudflare的业务非常健康，因为其收入正在通过客户增加和价格上涨的混合而增加：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/6a4e8e1944ecc73a022a5710a3dc07ad\" tg-width=\"640\" tg-height=\"559\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Revenue Growth Rates: Strong and Stable</p><p><blockquote>收入增长率：强劲而稳定</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fdc3dff42f73ccfdfc3b2b4f9a0eb65a\" tg-width=\"640\" tg-height=\"285\"><span>Source: author's calculations; **company guidance</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：作者计算；**公司指引</span></p></blockquote></p><p> Next, we can see above that Cloudflare continues to guide investors for mid-40s% CAGR - at least in the near term.</p><p><blockquote>接下来，我们可以在上面看到，Cloudflare继续引导投资者实现40%左右的复合年增长率——至少在短期内是这样。</blockquote></p><p> Furthermore, knowing how conservative this management is, I suspect that Cloudflare will easily beat these targets and will perhaps even raise its guidance over the coming year.</p><p><blockquote>此外，知道管理层有多保守，我怀疑Cloudflare将轻松击败这些目标，甚至可能在来年提高其指导。</blockquote></p><p></p><p> Nonetheless, we have to keep in mind that we are still discussing a company that's likely to finish 2021 with close to $600 million in revenues. In other words, growing at mid 40s% while the company is at sub $1 billion in revenues, and continuing to grow at mid-40s% at higher than $1 billion in revenues, it's quite a different feat. At some point, size takes a toll.</p><p><blockquote>尽管如此，我们必须记住，我们仍在讨论一家可能在2021年底收入接近6亿美元的公司。换句话说，在公司收入低于10亿美元的情况下以40%左右的速度增长，并在收入高于10亿美元的情况下继续以40%左右的速度增长，这是一个完全不同的壮举。在某些时候，规模会产生影响。</blockquote></p><p> <b>Valuation - Not Cheap</b></p><p><blockquote><b>估值——不便宜</b></blockquote></p><p> Cloudflare is priced at 53x forward sales. This implies that optimism towards Cloudflare is incredibly high. Even amongst SaaS names, I believe this is an outlier. I follow many companies in this space and I don't know of any that are priced as richly as this.</p><p><blockquote>Cloudflare的定价是远期销售额的53倍。这意味着人们对Cloudflare的乐观情绪非常高。即使在SaaS的名字中，我也相信这是一个异常值。我关注了这个领域的许多公司，但我不知道有哪家公司的定价如此之高。</blockquote></p><p> The obvious comparison here is Fastly which is priced at 18x forward sales. But even amongst the cybersecurity names, a sector that is wildly known for its exuberant valuations the likes of CrowdStrike (CRWD) is priced at 42x sales.</p><p><blockquote>这里明显的比较是Fastly，它的定价是远期销售额的18倍。但即使在网络安全公司中，像CrowdStrike(CRWD)这样以估值过高而闻名的行业的定价也是销售额的42倍。</blockquote></p><p> <b>The Bottom Line</b></p><p><blockquote><b>底线</b></blockquote></p><p> Cloudflare is remarkably stable and growing at a rapid rate. Its valuation is not cheap at 53x sales, but there again high-quality companies rarely are. Investors intent on taking a position here may consider buying in dips.</p><p><blockquote>Cloudflare非常稳定，并且正在快速增长。它的估值并不便宜，是销售额的53倍，但同样很少有优质公司。有意在此建仓的投资者可以考虑逢低买入。</blockquote></p><p> Having said that, I prefer to stick to companies with more hairs on them and more cheaply valued. Happy investing!</p><p><blockquote>话虽如此，我更喜欢坚持那些头发更多、估值更便宜的公司。投资愉快！</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>Cloudflare: High-Quality Business, But Not Cheap<blockquote>Cloudflare：高质量的业务，但不便宜</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\">\nCloudflare: High-Quality Business, But Not Cheap<blockquote>Cloudflare：高质量的业务，但不便宜</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">seekingalpha</strong><span class=\"h-time small\">2021-06-28 20:57</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>Cloudflare is a high-performance CDN. Its paying customers continue to rapidly increase and show no signs of slowing down.</li>  <li>Cloudflare's gross margins are very high, reaching the high 70s%.</li>  <li>Cloudflare is priced at 53x forward sales, making it one of the most expensive SaaS names.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a7cd9332f245bbb2907015fd86c5ff20\" tg-width=\"1536\" tg-height=\"864\" referrerpolicy=\"no-referrer\"><span>imaginima/E+ via Getty Images</span></p><p><blockquote><ul><li>Cloudflare是一款高性能CDN。其付费客户继续快速增长，并且没有放缓的迹象。</li><li>Cloudflare的毛利率非常高，高达70%。</li><li>Cloudflare的定价是远期销售额的53倍，使其成为SaaS最昂贵的品牌之一。</li></ul><p class=\"t-img-caption\"><span>imaginima/E+来自Getty Images</span></p></blockquote></p><p> <b>Investment Thesis</b></p><p><blockquote><b>投资论文</b></blockquote></p><p> Cloudflare(NYSE:NET)is Content Delivery Network (''CDN''). As the world continues to rapidly digitize, the demand for high-quality and fast internet networks continues to increase. To this end, it's perhaps no surprise that investors have long ago understood these prospects and reflected this belief into Cloudflare's share price. In fact, Cloudflare is now priced at 53x forward sales making it one of the most expensive SaaS names.</p><p><blockquote>Cloudflare（纽约证券交易所代码：NET）是内容交付网络（“CDN”）。随着世界继续快速数字化，对高质量和快速互联网网络的需求不断增加。为此，投资者很久以前就了解这些前景并将这种信念反映到Cloudflare的股价中或许也就不足为奇了。事实上，Cloudflare现在的定价是远期销售额的53倍，使其成为SaaS最昂贵的品牌之一。</blockquote></p><p> Having said that, Cloudflare's growth rates continue to be persistently high and stable. Investors interested in Cloudflare will have to adopt a firm buy-and-hold strategy.</p><p><blockquote>话虽如此，Cloudflare的增长率仍然居高不下且稳定。对Cloudflare感兴趣的投资者将不得不采取坚定的买入并持有策略。</blockquote></p><p> <b>Voting Machine vs Weighing Machine</b></p><p><blockquote><b>投票机vs称重机</b></blockquote></p><p> Cloudflare is a Content Delivery Network (''CDN''). Its mission is to make the internet secure, faster, and more reliable.</p><p><blockquote>Cloudflare是一个内容交付网络（“CDN”）。它的使命是使互联网更安全、更快、更可靠。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0c97ad60d00f39022413a4453bb38d2d\" tg-width=\"635\" tg-height=\"433\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> This time last year, investors were passionately clamoring for Fastly (FSLY). It was viewed by many as a company that could do no wrong. This year, it's a dramatically different setup as the graph above depicts. Fastly has fallen by the wayside, while Cloudflare is now the reigning champion.</p><p><blockquote>去年这个时候，投资者对Fastly(FSLY)充满热情。许多人认为它是一家不会犯错的公司。今年，情况截然不同，如上图所示。Fastly已经半途而废，而Cloudflare现在是卫冕冠军。</blockquote></p><p> Investors are voting with their feet to exit Fastly and they are now piling in around Cloudflare.</p><p><blockquote>投资者正在用脚投票决定快速退出，他们现在正在涌入Cloudflare。</blockquote></p><p> As a value investor, I would normally argue that this is likely to once again revert. Here is a quote from Horace that legendary investor Benjamin Graham's investment philosophy was based on:<i>many shall berestoredthat now are fallen and many shall fall that now are in honor.</i></p><p><blockquote>作为一名价值投资者，我通常认为这种情况可能会再次恢复。以下是传奇投资者本杰明·格雷厄姆(Benjamin Graham)的投资理念所基于的贺拉斯(Horace)的一句话：<i>许多现在倒下的人将会复活，许多现在被荣耀的人将会倒下。</i></blockquote></p><p> Having said that, for every snapping one-liner an investor might put out, the real investor's prospects lie in doing the work and attempting to discern the underlying opportunity.</p><p><blockquote>话虽如此，对于投资者可能发表的每一句俏皮话，真正的投资者的前景在于做工作并试图辨别潜在的机会。</blockquote></p><p> <b>Cloudflare is a High-Quality Business</b></p><p><blockquote><b>Cloudflare是一项优质业务</b></blockquote></p><p> Cloudflare's non-GAAP gross margins are not only incredibly high, but they are highly stable too.</p><p><blockquote>Cloudflare的非GAAP毛利率不仅高得令人难以置信，而且非常稳定。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/161c2d74e08d4ccf531ab30182bd8a62\" tg-width=\"747\" tg-height=\"613\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> As a reminder, this compares with Fastly's60.1%as of Q1 2021. On the surface, this is incredibly alluring and is a typical indicator of a high-quality business.</p><p><blockquote>提醒一下，相比之下，Fastly截至2021年第一季度的这一比例为60.1%。从表面上看，这非常诱人，是高质量业务的典型指标。</blockquote></p><p> On the other hand, as we look out to Cloudflare's full-year guidance, its non-GAAP operating margins are expected to come in at<i>a negative 4%</i>. Of course, this is a substantial improvement from the negative 8% from 2020 and puts Cloudflare very close to breakeven.</p><p><blockquote>另一方面，当我们展望Cloudflare的全年指引时，其非GAAP营业利润率预计将达到<i>负4%</i>.当然，这比2020年的负8%有了实质性的改善，并使Cloudflare非常接近盈亏平衡。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8a369e8d30ed6115c1e05ca0b8310f0a\" tg-width=\"516\" tg-height=\"237\"><span>Source: Long-Term Model</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：长期模型</span></p></blockquote></p><p> Nevertheless, to go from<i>negative 4% to positive +20% in operating margins is a very steep climb</i>. So, investors should be cautious and take this guide with a pinch of salt.</p><p><blockquote>然而，从<i>营业利润率从负4%到正+20%是一个非常陡峭的攀升</i>因此，投资者应谨慎行事，对本指南持保留态度。</blockquote></p><p> Moving on, its latest sets of results put Cloudflare's dollar-based net retention at 123%. This is an important metric because it not only shows that the company's customer base is sticky but reminds us that Cloudflare is capable of upselling 23% more services to its customers y/y.</p><p><blockquote>展望未来，其最新业绩显示Cloudflare以美元计算的净保留率为123%。这是一个重要的指标，因为它不仅表明该公司的客户群具有粘性，而且提醒我们Cloudflare能够向其客户追加销售23%的服务。</blockquote></p><p> This insight, together with the fact that Cloudflare's paying customers continue to increase, should provide investors with confidence that Cloudflare's business is very healthy, as its revenues are increasing by a mixture of increasing customers and higher prices:</p><p><blockquote>这一见解，加上Cloudflare付费客户持续增加的事实，应该会让投资者相信Cloudflare的业务非常健康，因为其收入正在通过客户增加和价格上涨的混合而增加：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/6a4e8e1944ecc73a022a5710a3dc07ad\" tg-width=\"640\" tg-height=\"559\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Revenue Growth Rates: Strong and Stable</p><p><blockquote>收入增长率：强劲而稳定</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fdc3dff42f73ccfdfc3b2b4f9a0eb65a\" tg-width=\"640\" tg-height=\"285\"><span>Source: author's calculations; **company guidance</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：作者计算；**公司指引</span></p></blockquote></p><p> Next, we can see above that Cloudflare continues to guide investors for mid-40s% CAGR - at least in the near term.</p><p><blockquote>接下来，我们可以在上面看到，Cloudflare继续引导投资者实现40%左右的复合年增长率——至少在短期内是这样。</blockquote></p><p> Furthermore, knowing how conservative this management is, I suspect that Cloudflare will easily beat these targets and will perhaps even raise its guidance over the coming year.</p><p><blockquote>此外，知道管理层有多保守，我怀疑Cloudflare将轻松击败这些目标，甚至可能在来年提高其指导。</blockquote></p><p></p><p> Nonetheless, we have to keep in mind that we are still discussing a company that's likely to finish 2021 with close to $600 million in revenues. In other words, growing at mid 40s% while the company is at sub $1 billion in revenues, and continuing to grow at mid-40s% at higher than $1 billion in revenues, it's quite a different feat. At some point, size takes a toll.</p><p><blockquote>尽管如此，我们必须记住，我们仍在讨论一家可能在2021年底收入接近6亿美元的公司。换句话说，在公司收入低于10亿美元的情况下以40%左右的速度增长，并在收入高于10亿美元的情况下继续以40%左右的速度增长，这是一个完全不同的壮举。在某些时候，规模会产生影响。</blockquote></p><p> <b>Valuation - Not Cheap</b></p><p><blockquote><b>估值——不便宜</b></blockquote></p><p> Cloudflare is priced at 53x forward sales. This implies that optimism towards Cloudflare is incredibly high. Even amongst SaaS names, I believe this is an outlier. I follow many companies in this space and I don't know of any that are priced as richly as this.</p><p><blockquote>Cloudflare的定价是远期销售额的53倍。这意味着人们对Cloudflare的乐观情绪非常高。即使在SaaS的名字中，我也相信这是一个异常值。我关注了这个领域的许多公司，但我不知道有哪家公司的定价如此之高。</blockquote></p><p> The obvious comparison here is Fastly which is priced at 18x forward sales. But even amongst the cybersecurity names, a sector that is wildly known for its exuberant valuations the likes of CrowdStrike (CRWD) is priced at 42x sales.</p><p><blockquote>这里明显的比较是Fastly，它的定价是远期销售额的18倍。但即使在网络安全公司中，像CrowdStrike(CRWD)这样以估值过高而闻名的行业的定价也是销售额的42倍。</blockquote></p><p> <b>The Bottom Line</b></p><p><blockquote><b>底线</b></blockquote></p><p> Cloudflare is remarkably stable and growing at a rapid rate. Its valuation is not cheap at 53x sales, but there again high-quality companies rarely are. Investors intent on taking a position here may consider buying in dips.</p><p><blockquote>Cloudflare非常稳定，并且正在快速增长。它的估值并不便宜，是销售额的53倍，但同样很少有优质公司。有意在此建仓的投资者可以考虑逢低买入。</blockquote></p><p> Having said that, I prefer to stick to companies with more hairs on them and more cheaply valued. Happy investing!</p><p><blockquote>话虽如此，我更喜欢坚持那些头发更多、估值更便宜的公司。投资愉快！</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4436906-cloudflare-high-quality-business-but-not-cheap\">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":{"NET":"Cloudflare, Inc."},"source_url":"https://seekingalpha.com/article/4436906-cloudflare-high-quality-business-but-not-cheap","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1170953229","content_text":"Summary\n\nCloudflare is a high-performance CDN. Its paying customers continue to rapidly increase and show no signs of slowing down.\nCloudflare's gross margins are very high, reaching the high 70s%.\nCloudflare is priced at 53x forward sales, making it one of the most expensive SaaS names.\n\nimaginima/E+ via Getty Images\nInvestment Thesis\nCloudflare(NYSE:NET)is Content Delivery Network (''CDN''). As the world continues to rapidly digitize, the demand for high-quality and fast internet networks continues to increase. To this end, it's perhaps no surprise that investors have long ago understood these prospects and reflected this belief into Cloudflare's share price. In fact, Cloudflare is now priced at 53x forward sales making it one of the most expensive SaaS names.\nHaving said that, Cloudflare's growth rates continue to be persistently high and stable. Investors interested in Cloudflare will have to adopt a firm buy-and-hold strategy.\nVoting Machine vs Weighing Machine\nCloudflare is a Content Delivery Network (''CDN''). Its mission is to make the internet secure, faster, and more reliable.\nData by YCharts\nThis time last year, investors were passionately clamoring for Fastly (FSLY). It was viewed by many as a company that could do no wrong. This year, it's a dramatically different setup as the graph above depicts. Fastly has fallen by the wayside, while Cloudflare is now the reigning champion.\nInvestors are voting with their feet to exit Fastly and they are now piling in around Cloudflare.\nAs a value investor, I would normally argue that this is likely to once again revert. Here is a quote from Horace that legendary investor Benjamin Graham's investment philosophy was based on:many shall berestoredthat now are fallen and many shall fall that now are in honor.\nHaving said that, for every snapping one-liner an investor might put out, the real investor's prospects lie in doing the work and attempting to discern the underlying opportunity.\nCloudflare is a High-Quality Business\nCloudflare's non-GAAP gross margins are not only incredibly high, but they are highly stable too.\n\nAs a reminder, this compares with Fastly's60.1%as of Q1 2021. On the surface, this is incredibly alluring and is a typical indicator of a high-quality business.\nOn the other hand, as we look out to Cloudflare's full-year guidance, its non-GAAP operating margins are expected to come in ata negative 4%. Of course, this is a substantial improvement from the negative 8% from 2020 and puts Cloudflare very close to breakeven.\nSource: Long-Term Model\nNevertheless, to go fromnegative 4% to positive +20% in operating margins is a very steep climb. So, investors should be cautious and take this guide with a pinch of salt.\nMoving on, its latest sets of results put Cloudflare's dollar-based net retention at 123%. This is an important metric because it not only shows that the company's customer base is sticky but reminds us that Cloudflare is capable of upselling 23% more services to its customers y/y.\nThis insight, together with the fact that Cloudflare's paying customers continue to increase, should provide investors with confidence that Cloudflare's business is very healthy, as its revenues are increasing by a mixture of increasing customers and higher prices:\n\nRevenue Growth Rates: Strong and Stable\nSource: author's calculations; **company guidance\nNext, we can see above that Cloudflare continues to guide investors for mid-40s% CAGR - at least in the near term.\nFurthermore, knowing how conservative this management is, I suspect that Cloudflare will easily beat these targets and will perhaps even raise its guidance over the coming year.\nNonetheless, we have to keep in mind that we are still discussing a company that's likely to finish 2021 with close to $600 million in revenues. In other words, growing at mid 40s% while the company is at sub $1 billion in revenues, and continuing to grow at mid-40s% at higher than $1 billion in revenues, it's quite a different feat. At some point, size takes a toll.\nValuation - Not Cheap\nCloudflare is priced at 53x forward sales. This implies that optimism towards Cloudflare is incredibly high. Even amongst SaaS names, I believe this is an outlier. I follow many companies in this space and I don't know of any that are priced as richly as this.\nThe obvious comparison here is Fastly which is priced at 18x forward sales. But even amongst the cybersecurity names, a sector that is wildly known for its exuberant valuations the likes of CrowdStrike (CRWD) is priced at 42x sales.\nThe Bottom Line\nCloudflare is remarkably stable and growing at a rapid rate. Its valuation is not cheap at 53x sales, but there again high-quality companies rarely are. Investors intent on taking a position here may consider buying in dips.\nHaving said that, I prefer to stick to companies with more hairs on them and more cheaply valued. Happy investing!","news_type":1,"symbols_score_info":{"NET":0.9}},"isVote":1,"tweetType":1,"viewCount":1821,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":126844501,"gmtCreate":1624553405003,"gmtModify":1634004408736,"author":{"id":"3570960659889242","authorId":"3570960659889242","name":"Maxangelos","avatar":"https://static.tigerbbs.com/ccba3d2f1a7d2b8a82607de96d5c732b","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570960659889242","idStr":"3570960659889242"},"themes":[],"htmlText":"Dyinggg","listText":"Dyinggg","text":"Dyinggg","images":[{"img":"https://static.tigerbbs.com/2c321776c23c7c300938b22c5e3cfaf7","width":"1125","height":"3282"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/126844501","isVote":1,"tweetType":1,"viewCount":1817,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":120757074,"gmtCreate":1624339379698,"gmtModify":1634007531981,"author":{"id":"3570960659889242","authorId":"3570960659889242","name":"Maxangelos","avatar":"https://static.tigerbbs.com/ccba3d2f1a7d2b8a82607de96d5c732b","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570960659889242","idStr":"3570960659889242"},"themes":[],"htmlText":"I wonder how much was paid","listText":"I wonder how much was paid","text":"I wonder how much was paid","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/120757074","repostId":"2145030439","repostType":4,"isVote":1,"tweetType":1,"viewCount":1908,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":120754668,"gmtCreate":1624339334754,"gmtModify":1634007532554,"author":{"id":"3570960659889242","authorId":"3570960659889242","name":"Maxangelos","avatar":"https://static.tigerbbs.com/ccba3d2f1a7d2b8a82607de96d5c732b","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570960659889242","idStr":"3570960659889242"},"themes":[],"htmlText":"Oh dear.&nbsp;","listText":"Oh dear.&nbsp;","text":"Oh dear.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/120754668","repostId":"2145032768","repostType":4,"isVote":1,"tweetType":1,"viewCount":1624,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":120754958,"gmtCreate":1624339312474,"gmtModify":1634007532921,"author":{"id":"3570960659889242","authorId":"3570960659889242","name":"Maxangelos","avatar":"https://static.tigerbbs.com/ccba3d2f1a7d2b8a82607de96d5c732b","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570960659889242","idStr":"3570960659889242"},"themes":[],"htmlText":"Yes","listText":"Yes","text":"Yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/120754958","repostId":"1175304129","repostType":4,"repost":{"id":"1175304129","kind":"news","pubTimestamp":1624329424,"share":"https://www.laohu8.com/m/news/1175304129?lang=zh_CN&edition=full","pubTime":"2021-06-22 10:37","market":"us","language":"en","title":"The Bull Market Depends on These 2 Must-Watch Stocks This Week<blockquote>牛市就看这2只本周必看股</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1175304129","media":"fool","summary":"The stock market has done exceptionally well in 2021, continuing to climb to all-time record highs a","content":"<p>The stock market has done exceptionally well in 2021, continuing to climb to all-time record highs amid strong hopes for a recovering economy. With the world starting to emerge from the COVID-19 pandemic, investors are excited about the prospects for things returning to how they were before the huge disruptions we've seen across the globe since early 2020. That excitement played out in major market benchmarks Monday morning, as the&nbsp;<b>Dow Jones Industrial Average</b>(DJINDICES:^DJI)climbed more than 500 points to 33,800, the&nbsp;<b>S&amp;P 500</b>(SNPINDEX:^GSPC)gained 47 points to 4,214, and the&nbsp;<b>Nasdaq Composite</b>(NASDAQINDEX:^IXIC)climbed 67 points to 14,098.</p><p><blockquote>2021年，股市表现异常出色，在经济复苏的强烈希望下，股市继续攀升至历史新高。随着世界开始摆脱新冠肺炎疫情，投资者对事情恢复到自2020年初以来我们在全球范围内看到的巨大破坏之前的前景感到兴奋。周一上午，这种兴奋情绪在主要市场基准中表现出来，因为<b>道琼斯工业平均指数</b>(DJINIndices：^DJI)攀升逾500点至33,800点，<b>标普500</b>(SNPINDEX：^GSPC)上涨47点至4,214点，而<b>纳斯达克复合材料</b>（纳斯达克指数：^IXIC）上涨67点至14,098点。</blockquote></p><p> Earnings season is always a good way to tell how individual companies are faring, but some businesses have more importance than others. Later this week, delivery specialist&nbsp;<b>FedEx</b>(NYSE:FDX)and athletic apparel giant&nbsp;<b>Nike</b>(NYSE:NKE)will give their latest readings on their corporate results. Both will have major implications not just for their own shareholders but for those following the broader economy as well.</p><p><blockquote>财报季始终是了解各个公司表现的好方法，但有些业务比其他业务更重要。本周晚些时候，送货专家<b>联邦快递</b>（纽约证券交易所代码：FDX）和运动服装巨头<b>耐克</b>（纽约证券交易所股票代码：NKE）将公布其公司业绩的最新数据。两者不仅会对自己的股东产生重大影响，也会对那些关注更广泛经济的人产生重大影响。</blockquote></p><p> Delivering for investors?</p><p><blockquote>为投资者送货？</blockquote></p><p> FedEx is set to report its latest results on Thursday, June 24. Investors are expecting big things from the company, but a lot more will depend on what FedEx says about what the future will bring.</p><p><blockquote>联邦快递将于6月24日星期四公布最新业绩。投资者对该公司寄予厚望，但更多的将取决于联邦快递对未来的看法。</blockquote></p><p> Given the hit that FedEx took this time last year, it should come as little surprise that those following the delivery giant are looking for a major rebound. Consensus estimates among those tracking FedEx see earnings nearly doubling from year-ago levels, with revenue slated to rise at a healthy 24% pace.</p><p><blockquote>鉴于联邦快递去年这个时候遭受的打击，那些关注这家快递巨头的人正在寻求大幅反弹也就不足为奇了。追踪联邦快递的人士一致估计，其盈利将比去年同期水平几乎翻一番，收入预计将以24%的健康速度增长。</blockquote></p><p> Indeed, in some ways,FedEx has too much of a good thing. Earlier this month, the company said it would cut service to some of its logistics customers who seek out less-than-truckload shipping services. The reason: Exceptionally strong demand was causing bottlenecks at key terminal locations that in turn were threatening to delay shipments. The issues aren't unique to FedEx, instead reflecting capacity constraints throughout the industry that are creating potential disruptions for customers seeking to get goods where they need to go.</p><p><blockquote>事实上，在某些方面，联邦快递有太多的好东西。本月早些时候，该公司表示将削减对一些寻求零担运输服务的物流客户的服务。原因是：异常强劲的需求导致关键码头地点出现瓶颈，进而威胁到发货延迟。这些问题并不是联邦快递独有的，而是反映了整个行业的产能限制，这些限制给寻求将货物送到需要去的地方的客户造成了潜在的干扰。</blockquote></p><p> Investors will want to pay particularly close attention to any guidance that FedEx gives for its fiscal 2022 year. After having seen so much e-commerce activity drive pandemic-related gains, a return to more typical business conditions could create a temporary pause in FedEx's growth. How much that appears in projections could in turn say a lot about whether the stock can return to its former upward trajectory.</p><p><blockquote>投资者将特别密切关注联邦快递为其2022财年提供的任何指导。在看到如此多的电子商务活动推动了与大流行相关的增长后，回归更典型的商业状况可能会导致联邦快递的增长暂时暂停。这一数字在预测中的出现程度反过来又可以在很大程度上说明该股是否能够回到以前的上升轨迹。</blockquote></p><p> Doing it</p><p><blockquote>正在做</blockquote></p><p> Nike is also slated to release its financial results on Thursday morning. Investors hope to see a significant reversal from last year's painful experience.</p><p><blockquote>耐克也定于周四上午发布财务业绩。投资者希望看到去年痛苦经历的重大逆转。</blockquote></p><p> Nike appears to be ready to get back on trackwith its quarterly results. Revenue is expected to soar more than 75% from year-ago levels, which reflected store closures and other disruptions related to the pandemic. Nike's earnings will likely reverse year-ago losses, although bottom-line performance is still in the process of recovering from more difficult conditions.</p><p><blockquote>耐克似乎已准备好通过季度业绩重回正轨。收入预计将比去年同期飙升75%以上，这反映了商店关闭和其他与大流行相关的干扰。耐克的盈利可能会扭转去年同期的亏损，尽管底线业绩仍在从更困难的条件中恢复。</blockquote></p><p> The big question is how a couple of key aspects of Nike's business will balance out. On one hand, demand is soaring both in Nike's home North American market and overseas in key places like China. That could help support revenue and profit gains into the coming fiscal year. At the same time, though, prices for materials have been on the rise, and that in turn could present challenges to profit margins.</p><p><blockquote>最大的问题是耐克业务的几个关键方面将如何平衡。一方面，耐克的北美本土市场和中国等海外关键地区的需求都在飙升。这可能有助于支持下一财年的收入和利润增长。但与此同时，材料价格一直在上涨，这反过来可能会给利润率带来挑战。</blockquote></p><p> Nevertheless, Nike is looking to put its marketing machine to the test, with plenty of new product launches designed to stoke demand and give consumers a place to spend their savings. The success of those launches could well define the course of Nike's fiscal 2022, and that in turn could determine whether the stock can climb further after sizable gains over the past year or so.</p><p><blockquote>尽管如此，耐克正在寻求对其营销机器进行测试，推出大量新产品，旨在刺激需求并为消费者提供一个消费储蓄的地方。这些产品的成功很可能决定耐克2022财年的走势，进而决定该股在过去一年左右大幅上涨后能否进一步攀升。</blockquote></p><p> Be ready</p><p><blockquote>做好准备</blockquote></p><p> With so much uncertainty in the markets, key earnings reports can make or break the future direction for stocks. Market participants will watch releases from FedEx and Nike closely to find hints to where those two stocks -- and the entire market -- will move from here.</p><p><blockquote>由于市场存在如此多的不确定性，关键的收益报告可以决定股票的未来走向，也可以决定股票的未来走向。市场参与者将密切关注联邦快递和耐克的发布，以寻找这两只股票以及整个市场将走向何方的线索。</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>The Bull Market Depends on These 2 Must-Watch Stocks This Week<blockquote>牛市就看这2只本周必看股</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\">\nThe Bull Market Depends on These 2 Must-Watch Stocks This Week<blockquote>牛市就看这2只本周必看股</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">fool</strong><span class=\"h-time small\">2021-06-22 10:37</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The stock market has done exceptionally well in 2021, continuing to climb to all-time record highs amid strong hopes for a recovering economy. With the world starting to emerge from the COVID-19 pandemic, investors are excited about the prospects for things returning to how they were before the huge disruptions we've seen across the globe since early 2020. That excitement played out in major market benchmarks Monday morning, as the&nbsp;<b>Dow Jones Industrial Average</b>(DJINDICES:^DJI)climbed more than 500 points to 33,800, the&nbsp;<b>S&amp;P 500</b>(SNPINDEX:^GSPC)gained 47 points to 4,214, and the&nbsp;<b>Nasdaq Composite</b>(NASDAQINDEX:^IXIC)climbed 67 points to 14,098.</p><p><blockquote>2021年，股市表现异常出色，在经济复苏的强烈希望下，股市继续攀升至历史新高。随着世界开始摆脱新冠肺炎疫情，投资者对事情恢复到自2020年初以来我们在全球范围内看到的巨大破坏之前的前景感到兴奋。周一上午，这种兴奋情绪在主要市场基准中表现出来，因为<b>道琼斯工业平均指数</b>(DJINIndices：^DJI)攀升逾500点至33,800点，<b>标普500</b>(SNPINDEX：^GSPC)上涨47点至4,214点，而<b>纳斯达克复合材料</b>（纳斯达克指数：^IXIC）上涨67点至14,098点。</blockquote></p><p> Earnings season is always a good way to tell how individual companies are faring, but some businesses have more importance than others. Later this week, delivery specialist&nbsp;<b>FedEx</b>(NYSE:FDX)and athletic apparel giant&nbsp;<b>Nike</b>(NYSE:NKE)will give their latest readings on their corporate results. Both will have major implications not just for their own shareholders but for those following the broader economy as well.</p><p><blockquote>财报季始终是了解各个公司表现的好方法，但有些业务比其他业务更重要。本周晚些时候，送货专家<b>联邦快递</b>（纽约证券交易所代码：FDX）和运动服装巨头<b>耐克</b>（纽约证券交易所股票代码：NKE）将公布其公司业绩的最新数据。两者不仅会对自己的股东产生重大影响，也会对那些关注更广泛经济的人产生重大影响。</blockquote></p><p> Delivering for investors?</p><p><blockquote>为投资者送货？</blockquote></p><p> FedEx is set to report its latest results on Thursday, June 24. Investors are expecting big things from the company, but a lot more will depend on what FedEx says about what the future will bring.</p><p><blockquote>联邦快递将于6月24日星期四公布最新业绩。投资者对该公司寄予厚望，但更多的将取决于联邦快递对未来的看法。</blockquote></p><p> Given the hit that FedEx took this time last year, it should come as little surprise that those following the delivery giant are looking for a major rebound. Consensus estimates among those tracking FedEx see earnings nearly doubling from year-ago levels, with revenue slated to rise at a healthy 24% pace.</p><p><blockquote>鉴于联邦快递去年这个时候遭受的打击，那些关注这家快递巨头的人正在寻求大幅反弹也就不足为奇了。追踪联邦快递的人士一致估计，其盈利将比去年同期水平几乎翻一番，收入预计将以24%的健康速度增长。</blockquote></p><p> Indeed, in some ways,FedEx has too much of a good thing. Earlier this month, the company said it would cut service to some of its logistics customers who seek out less-than-truckload shipping services. The reason: Exceptionally strong demand was causing bottlenecks at key terminal locations that in turn were threatening to delay shipments. The issues aren't unique to FedEx, instead reflecting capacity constraints throughout the industry that are creating potential disruptions for customers seeking to get goods where they need to go.</p><p><blockquote>事实上，在某些方面，联邦快递有太多的好东西。本月早些时候，该公司表示将削减对一些寻求零担运输服务的物流客户的服务。原因是：异常强劲的需求导致关键码头地点出现瓶颈，进而威胁到发货延迟。这些问题并不是联邦快递独有的，而是反映了整个行业的产能限制，这些限制给寻求将货物送到需要去的地方的客户造成了潜在的干扰。</blockquote></p><p> Investors will want to pay particularly close attention to any guidance that FedEx gives for its fiscal 2022 year. After having seen so much e-commerce activity drive pandemic-related gains, a return to more typical business conditions could create a temporary pause in FedEx's growth. How much that appears in projections could in turn say a lot about whether the stock can return to its former upward trajectory.</p><p><blockquote>投资者将特别密切关注联邦快递为其2022财年提供的任何指导。在看到如此多的电子商务活动推动了与大流行相关的增长后，回归更典型的商业状况可能会导致联邦快递的增长暂时暂停。这一数字在预测中的出现程度反过来又可以在很大程度上说明该股是否能够回到以前的上升轨迹。</blockquote></p><p> Doing it</p><p><blockquote>正在做</blockquote></p><p> Nike is also slated to release its financial results on Thursday morning. Investors hope to see a significant reversal from last year's painful experience.</p><p><blockquote>耐克也定于周四上午发布财务业绩。投资者希望看到去年痛苦经历的重大逆转。</blockquote></p><p> Nike appears to be ready to get back on trackwith its quarterly results. Revenue is expected to soar more than 75% from year-ago levels, which reflected store closures and other disruptions related to the pandemic. Nike's earnings will likely reverse year-ago losses, although bottom-line performance is still in the process of recovering from more difficult conditions.</p><p><blockquote>耐克似乎已准备好通过季度业绩重回正轨。收入预计将比去年同期飙升75%以上，这反映了商店关闭和其他与大流行相关的干扰。耐克的盈利可能会扭转去年同期的亏损，尽管底线业绩仍在从更困难的条件中恢复。</blockquote></p><p> The big question is how a couple of key aspects of Nike's business will balance out. On one hand, demand is soaring both in Nike's home North American market and overseas in key places like China. That could help support revenue and profit gains into the coming fiscal year. At the same time, though, prices for materials have been on the rise, and that in turn could present challenges to profit margins.</p><p><blockquote>最大的问题是耐克业务的几个关键方面将如何平衡。一方面，耐克的北美本土市场和中国等海外关键地区的需求都在飙升。这可能有助于支持下一财年的收入和利润增长。但与此同时，材料价格一直在上涨，这反过来可能会给利润率带来挑战。</blockquote></p><p> Nevertheless, Nike is looking to put its marketing machine to the test, with plenty of new product launches designed to stoke demand and give consumers a place to spend their savings. The success of those launches could well define the course of Nike's fiscal 2022, and that in turn could determine whether the stock can climb further after sizable gains over the past year or so.</p><p><blockquote>尽管如此，耐克正在寻求对其营销机器进行测试，推出大量新产品，旨在刺激需求并为消费者提供一个消费储蓄的地方。这些产品的成功很可能决定耐克2022财年的走势，进而决定该股在过去一年左右大幅上涨后能否进一步攀升。</blockquote></p><p> Be ready</p><p><blockquote>做好准备</blockquote></p><p> With so much uncertainty in the markets, key earnings reports can make or break the future direction for stocks. Market participants will watch releases from FedEx and Nike closely to find hints to where those two stocks -- and the entire market -- will move from here.</p><p><blockquote>由于市场存在如此多的不确定性，关键的收益报告可以决定股票的未来走向，也可以决定股票的未来走向。市场参与者将密切关注联邦快递和耐克的发布，以寻找这两只股票以及整个市场将走向何方的线索。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/06/21/bull-market-depends-on-these-2-must-watch-stocks/\">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":{"FDX":"联邦快递","NKE":"耐克"},"source_url":"https://www.fool.com/investing/2021/06/21/bull-market-depends-on-these-2-must-watch-stocks/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1175304129","content_text":"The stock market has done exceptionally well in 2021, continuing to climb to all-time record highs amid strong hopes for a recovering economy. With the world starting to emerge from the COVID-19 pandemic, investors are excited about the prospects for things returning to how they were before the huge disruptions we've seen across the globe since early 2020. That excitement played out in major market benchmarks Monday morning, as the Dow Jones Industrial Average(DJINDICES:^DJI)climbed more than 500 points to 33,800, the S&P 500(SNPINDEX:^GSPC)gained 47 points to 4,214, and the Nasdaq Composite(NASDAQINDEX:^IXIC)climbed 67 points to 14,098.\nEarnings season is always a good way to tell how individual companies are faring, but some businesses have more importance than others. Later this week, delivery specialist FedEx(NYSE:FDX)and athletic apparel giant Nike(NYSE:NKE)will give their latest readings on their corporate results. Both will have major implications not just for their own shareholders but for those following the broader economy as well.\nDelivering for investors?\nFedEx is set to report its latest results on Thursday, June 24. Investors are expecting big things from the company, but a lot more will depend on what FedEx says about what the future will bring.\nGiven the hit that FedEx took this time last year, it should come as little surprise that those following the delivery giant are looking for a major rebound. Consensus estimates among those tracking FedEx see earnings nearly doubling from year-ago levels, with revenue slated to rise at a healthy 24% pace.\nIndeed, in some ways,FedEx has too much of a good thing. Earlier this month, the company said it would cut service to some of its logistics customers who seek out less-than-truckload shipping services. The reason: Exceptionally strong demand was causing bottlenecks at key terminal locations that in turn were threatening to delay shipments. The issues aren't unique to FedEx, instead reflecting capacity constraints throughout the industry that are creating potential disruptions for customers seeking to get goods where they need to go.\nInvestors will want to pay particularly close attention to any guidance that FedEx gives for its fiscal 2022 year. After having seen so much e-commerce activity drive pandemic-related gains, a return to more typical business conditions could create a temporary pause in FedEx's growth. How much that appears in projections could in turn say a lot about whether the stock can return to its former upward trajectory.\nDoing it\nNike is also slated to release its financial results on Thursday morning. Investors hope to see a significant reversal from last year's painful experience.\nNike appears to be ready to get back on trackwith its quarterly results. Revenue is expected to soar more than 75% from year-ago levels, which reflected store closures and other disruptions related to the pandemic. Nike's earnings will likely reverse year-ago losses, although bottom-line performance is still in the process of recovering from more difficult conditions.\nThe big question is how a couple of key aspects of Nike's business will balance out. On one hand, demand is soaring both in Nike's home North American market and overseas in key places like China. That could help support revenue and profit gains into the coming fiscal year. At the same time, though, prices for materials have been on the rise, and that in turn could present challenges to profit margins.\nNevertheless, Nike is looking to put its marketing machine to the test, with plenty of new product launches designed to stoke demand and give consumers a place to spend their savings. The success of those launches could well define the course of Nike's fiscal 2022, and that in turn could determine whether the stock can climb further after sizable gains over the past year or so.\nBe ready\nWith so much uncertainty in the markets, key earnings reports can make or break the future direction for stocks. Market participants will watch releases from FedEx and Nike closely to find hints to where those two stocks -- and the entire market -- will move from here.","news_type":1,"symbols_score_info":{"NKE":0.9,"FDX":0.9}},"isVote":1,"tweetType":1,"viewCount":3062,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":167588539,"gmtCreate":1624277462121,"gmtModify":1634008549501,"author":{"id":"3570960659889242","authorId":"3570960659889242","name":"Maxangelos","avatar":"https://static.tigerbbs.com/ccba3d2f1a7d2b8a82607de96d5c732b","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570960659889242","idStr":"3570960659889242"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/167588539","repostId":"2145208803","repostType":4,"isVote":1,"tweetType":1,"viewCount":2249,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":167588194,"gmtCreate":1624277428418,"gmtModify":1634008549624,"author":{"id":"3570960659889242","authorId":"3570960659889242","name":"Maxangelos","avatar":"https://static.tigerbbs.com/ccba3d2f1a7d2b8a82607de96d5c732b","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570960659889242","idStr":"3570960659889242"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/167588194","repostId":"2145083892","repostType":4,"isVote":1,"tweetType":1,"viewCount":1820,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":167588992,"gmtCreate":1624277416716,"gmtModify":1634008549746,"author":{"id":"3570960659889242","authorId":"3570960659889242","name":"Maxangelos","avatar":"https://static.tigerbbs.com/ccba3d2f1a7d2b8a82607de96d5c732b","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570960659889242","idStr":"3570960659889242"},"themes":[],"htmlText":"Great!","listText":"Great!","text":"Great!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/167588992","repostId":"2145083892","repostType":4,"isVote":1,"tweetType":1,"viewCount":2896,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":167583910,"gmtCreate":1624277270430,"gmtModify":1631884323733,"author":{"id":"3570960659889242","authorId":"3570960659889242","name":"Maxangelos","avatar":"https://static.tigerbbs.com/ccba3d2f1a7d2b8a82607de96d5c732b","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570960659889242","idStr":"3570960659889242"},"themes":[],"htmlText":"Hope all goes well!","listText":"Hope all goes well!","text":"Hope all goes well!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/167583910","repostId":"1158262499","repostType":4,"isVote":1,"tweetType":1,"viewCount":1540,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":167580375,"gmtCreate":1624277170797,"gmtModify":1634008552988,"author":{"id":"3570960659889242","authorId":"3570960659889242","name":"Maxangelos","avatar":"https://static.tigerbbs.com/ccba3d2f1a7d2b8a82607de96d5c732b","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570960659889242","idStr":"3570960659889242"},"themes":[],"htmlText":"I need a T","listText":"I need a T","text":"I need a T","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/167580375","repostId":"114899451","repostType":1,"repost":{"id":114899451,"gmtCreate":1623063308869,"gmtModify":1631884627596,"author":{"id":"36984908995200","authorId":"36984908995200","name":"小虎活动","avatar":"https://static.tigerbbs.com/9e396d03155923b283948d2dec9191f8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"36984908995200","idStr":"36984908995200"},"themes":[],"title":"【老虎7周年】集卡瓜分百万奖金","htmlText":"老虎7周年给大家发福利了，集齐TIGER五个字母即有机会瓜分百万奖金，你准备好了吗？ <a href=\"https://www.itiger.com/activity/market/2021/7th-anniversary?lang=zh_CN\" target=\"_blank\">戳我即可参与活动</a> &#x1;如何参与？ 用户可通过完成活动页面展示的当日任务列表来获得字母卡，每完成一个任务即可随机获得一个字母，用户集齐“TIGER”五个字母即可参与瓜分百万股票代金券，每个用户单日最多可获得20张字母卡（不包括好友赠予和魔法卡）。 用户在活动期间邀请累计7名好友完成注册并开户（注册时间和开户时间均在活动期间），即可获得一张魔法卡（每人仅可获得一张魔法卡）。魔法卡可用于兑换TIGER中的任意一个字母。&#x1;如果用户的某一字母卡数量为0，则字母卡为灰色，用户可通过点击灰色的字母卡向好友索要卡片；如果用户的字母卡数量大于0，则字母卡为彩色，用户可通过点击彩色的字母卡向好友赠送卡片。当用户集齐TIGER之后将无法再索要卡片或者赠送卡片。 &#x1; &#x1;如何获得奖励？ 用户可在2021年7月1日至2021年7月2日期间进行开奖，所有集齐TIGER的客户可点击活动页面的“开奖”按钮，即可查看自己瓜分到的股票代金券奖励。在开奖时间段内未点击开奖的用户将无法获得奖励。&#x1; 奖励发放： 股票代金券将在开奖后的1个工作日内发放至用户的奖励中心，用户需要在奖励发放后的20天内前往【Tiger Trade APP &gt; 我的 &gt; 活动奖励】领取，过期未领取的奖励将自动失效。 重要提示： 本次7周年活动涉及不同国家和地区，由于各地区的监管要求不同，不同地区的活动奖励会有所区别。欲知详情，请点击下方活动链接，登陆您的账号，并点击“活动规则“查看详情。","listText":"老虎7周年给大家发福利了，集齐TIGER五个字母即有机会瓜分百万奖金，你准备好了吗？ <a href=\"https://www.itiger.com/activity/market/2021/7th-anniversary?lang=zh_CN\" target=\"_blank\">戳我即可参与活动</a> &#x1;如何参与？ 用户可通过完成活动页面展示的当日任务列表来获得字母卡，每完成一个任务即可随机获得一个字母，用户集齐“TIGER”五个字母即可参与瓜分百万股票代金券，每个用户单日最多可获得20张字母卡（不包括好友赠予和魔法卡）。 用户在活动期间邀请累计7名好友完成注册并开户（注册时间和开户时间均在活动期间），即可获得一张魔法卡（每人仅可获得一张魔法卡）。魔法卡可用于兑换TIGER中的任意一个字母。&#x1;如果用户的某一字母卡数量为0，则字母卡为灰色，用户可通过点击灰色的字母卡向好友索要卡片；如果用户的字母卡数量大于0，则字母卡为彩色，用户可通过点击彩色的字母卡向好友赠送卡片。当用户集齐TIGER之后将无法再索要卡片或者赠送卡片。 &#x1; &#x1;如何获得奖励？ 用户可在2021年7月1日至2021年7月2日期间进行开奖，所有集齐TIGER的客户可点击活动页面的“开奖”按钮，即可查看自己瓜分到的股票代金券奖励。在开奖时间段内未点击开奖的用户将无法获得奖励。&#x1; 奖励发放： 股票代金券将在开奖后的1个工作日内发放至用户的奖励中心，用户需要在奖励发放后的20天内前往【Tiger Trade APP &gt; 我的 &gt; 活动奖励】领取，过期未领取的奖励将自动失效。 重要提示： 本次7周年活动涉及不同国家和地区，由于各地区的监管要求不同，不同地区的活动奖励会有所区别。欲知详情，请点击下方活动链接，登陆您的账号，并点击“活动规则“查看详情。","text":"老虎7周年给大家发福利了，集齐TIGER五个字母即有机会瓜分百万奖金，你准备好了吗？ 戳我即可参与活动 \u0001如何参与？ 用户可通过完成活动页面展示的当日任务列表来获得字母卡，每完成一个任务即可随机获得一个字母，用户集齐“TIGER”五个字母即可参与瓜分百万股票代金券，每个用户单日最多可获得20张字母卡（不包括好友赠予和魔法卡）。 用户在活动期间邀请累计7名好友完成注册并开户（注册时间和开户时间均在活动期间），即可获得一张魔法卡（每人仅可获得一张魔法卡）。魔法卡可用于兑换TIGER中的任意一个字母。\u0001如果用户的某一字母卡数量为0，则字母卡为灰色，用户可通过点击灰色的字母卡向好友索要卡片；如果用户的字母卡数量大于0，则字母卡为彩色，用户可通过点击彩色的字母卡向好友赠送卡片。当用户集齐TIGER之后将无法再索要卡片或者赠送卡片。 \u0001 \u0001如何获得奖励？ 用户可在2021年7月1日至2021年7月2日期间进行开奖，所有集齐TIGER的客户可点击活动页面的“开奖”按钮，即可查看自己瓜分到的股票代金券奖励。在开奖时间段内未点击开奖的用户将无法获得奖励。\u0001 奖励发放： 股票代金券将在开奖后的1个工作日内发放至用户的奖励中心，用户需要在奖励发放后的20天内前往【Tiger Trade APP > 我的 > 活动奖励】领取，过期未领取的奖励将自动失效。 重要提示： 本次7周年活动涉及不同国家和地区，由于各地区的监管要求不同，不同地区的活动奖励会有所区别。欲知详情，请点击下方活动链接，登陆您的账号，并点击“活动规则“查看详情。","images":[{"img":"https://static.tigerbbs.com/ab28db31a19b458d604a8bf02becddd3","width":"415","height":"125"},{"img":"https://static.tigerbbs.com/5227ebb594fe55b532c840acef147d7b","width":"415","height":"495"},{"img":"https://static.tigerbbs.com/92e88357b534f504b3088bc22f577a83","width":"415","height":"326"}],"top":1,"highlighted":2,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/114899451","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":8,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":536,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":166273142,"gmtCreate":1624014702586,"gmtModify":1634024113039,"author":{"id":"3570960659889242","authorId":"3570960659889242","name":"Maxangelos","avatar":"https://static.tigerbbs.com/ccba3d2f1a7d2b8a82607de96d5c732b","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570960659889242","idStr":"3570960659889242"},"themes":[],"htmlText":"Congrats!","listText":"Congrats!","text":"Congrats!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/166273142","repostId":"166223875","repostType":1,"repost":{"id":166223875,"gmtCreate":1624013195697,"gmtModify":1631889600849,"author":{"id":"3569255617214816","authorId":"3569255617214816","name":"TimmyYapp","avatar":"https://static.tigerbbs.com/0e21908473c7a7478e920a7b22c18c21","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569255617214816","idStr":"3569255617214816"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/NIO\">$NIO Inc.(NIO)$</a>Ez","listText":"<a href=\"https://laohu8.com/S/NIO\">$NIO Inc.(NIO)$</a>Ez","text":"$NIO Inc.(NIO)$Ez","images":[{"img":"https://static.tigerbbs.com/00e16b1eed64ae60d2470e7b4e99536a","width":"1284","height":"2457"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/166223875","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":743,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":166236091,"gmtCreate":1624010712813,"gmtModify":1634024165116,"author":{"id":"3570960659889242","authorId":"3570960659889242","name":"Maxangelos","avatar":"https://static.tigerbbs.com/ccba3d2f1a7d2b8a82607de96d5c732b","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570960659889242","idStr":"3570960659889242"},"themes":[],"htmlText":"Hopefully all is well.","listText":"Hopefully all is well.","text":"Hopefully all is well.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/166236091","repostId":"1166489816","repostType":4,"isVote":1,"tweetType":1,"viewCount":700,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":166238267,"gmtCreate":1624010688559,"gmtModify":1634024165476,"author":{"id":"3570960659889242","authorId":"3570960659889242","name":"Maxangelos","avatar":"https://static.tigerbbs.com/ccba3d2f1a7d2b8a82607de96d5c732b","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570960659889242","idStr":"3570960659889242"},"themes":[],"htmlText":"Yet it could be only time will tell","listText":"Yet it could be only time will tell","text":"Yet it could be only time will tell","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/166238267","repostId":"2144742013","repostType":4,"isVote":1,"tweetType":1,"viewCount":270,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":160114089,"gmtCreate":1623774711841,"gmtModify":1634028404683,"author":{"id":"3570960659889242","authorId":"3570960659889242","name":"Maxangelos","avatar":"https://static.tigerbbs.com/ccba3d2f1a7d2b8a82607de96d5c732b","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570960659889242","idStr":"3570960659889242"},"themes":[],"htmlText":"Probably buying at $20 or $22.","listText":"Probably buying at $20 or $22.","text":"Probably buying at $20 or $22.","images":[{"img":"https://static.tigerbbs.com/e1a30b3c3856e473f636560dbb7184a6","width":"1125","height":"3462"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/160114089","isVote":1,"tweetType":1,"viewCount":556,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":160342128,"gmtCreate":1623773503164,"gmtModify":1634028448324,"author":{"id":"3570960659889242","authorId":"3570960659889242","name":"Maxangelos","avatar":"https://static.tigerbbs.com/ccba3d2f1a7d2b8a82607de96d5c732b","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570960659889242","idStr":"3570960659889242"},"themes":[],"htmlText":"Don’t worry, it will be back up soon 😁","listText":"Don’t worry, it will be back up soon 😁","text":"Don’t worry, it will be back up soon 😁","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/160342128","repostId":"160971595","repostType":1,"repost":{"id":160971595,"gmtCreate":1623770888717,"gmtModify":1631885820524,"author":{"id":"3578032618399249","authorId":"3578032618399249","name":"Jessica1804","avatar":"https://static.tigerbbs.com/17ae7e89a2cb38ece427507ae902b351","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578032618399249","idStr":"3578032618399249"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/BB\">$BlackBerry(BB)$</a>fml.&nbsp;","listText":"<a href=\"https://laohu8.com/S/BB\">$BlackBerry(BB)$</a>fml.&nbsp;","text":"$BlackBerry(BB)$fml.","images":[{"img":"https://static.tigerbbs.com/89a4e89eeb06187370b54cfd239caf3e","width":"1125","height":"2183"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/160971595","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":802,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":160348814,"gmtCreate":1623773458438,"gmtModify":1631883987138,"author":{"id":"3570960659889242","authorId":"3570960659889242","name":"Maxangelos","avatar":"https://static.tigerbbs.com/ccba3d2f1a7d2b8a82607de96d5c732b","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570960659889242","idStr":"3570960659889242"},"themes":[],"htmlText":"Cause it’s just one twit that’s moving the market. It’s not real move yet.","listText":"Cause it’s just one twit that’s moving the market. It’s not real move yet.","text":"Cause it’s just one twit that’s moving the market. It’s not real move yet.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/160348814","repostId":"1180911259","repostType":4,"repost":{"id":"1180911259","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":1623765092,"share":"https://www.laohu8.com/m/news/1180911259?lang=zh_CN&edition=full","pubTime":"2021-06-15 21:51","market":"us","language":"en","title":"Blockchain stocks mixed in morning trading<blockquote>区块链股票早盘涨跌互现</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1180911259","media":"Tiger Newspress","summary":"(June 15) Blockchain stocks mixed in morning trading.","content":"<p>(June&nbsp;15)&nbsp;Blockchain&nbsp;stocks&nbsp;mixed&nbsp;in&nbsp;morning&nbsp;trading.</p><p><blockquote>（6月15日）区块链股早盘涨跌不一。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/2add04248d60bb69c41121475aca5e34\" tg-width=\"283\" tg-height=\"365\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Blockchain stocks mixed in morning trading<blockquote>区块链股票早盘涨跌互现</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBlockchain stocks mixed in morning trading<blockquote>区块链股票早盘涨跌互现</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-06-15 21:51</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>(June&nbsp;15)&nbsp;Blockchain&nbsp;stocks&nbsp;mixed&nbsp;in&nbsp;morning&nbsp;trading.</p><p><blockquote>（6月15日）区块链股早盘涨跌不一。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/2add04248d60bb69c41121475aca5e34\" tg-width=\"283\" tg-height=\"365\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RIOT":"Riot Platforms","MARA":"MARA Holdings","EBON":"亿邦国际","BTBT":"Bit Digital, Inc.","CAN":"嘉楠科技"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1180911259","content_text":"(June 15) Blockchain stocks mixed in morning trading.","news_type":1,"symbols_score_info":{"MARA":0.9,"BTBT":0.9,"RIOT":0.9,"CAN":0.9,"EBON":0.9}},"isVote":1,"tweetType":1,"viewCount":605,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":113588261,"gmtCreate":1622626190153,"gmtModify":1634099814985,"author":{"id":"3570960659889242","authorId":"3570960659889242","name":"Maxangelos","avatar":"https://static.tigerbbs.com/ccba3d2f1a7d2b8a82607de96d5c732b","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570960659889242","idStr":"3570960659889242"},"themes":[],"htmlText":"How much more can it go!&nbsp;","listText":"How much more can it go!&nbsp;","text":"How much more can it go!","images":[{"img":"https://static.tigerbbs.com/11efa2ca440beb7cb72747fbe987449b","width":"1125","height":"3657"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/113588261","isVote":1,"tweetType":1,"viewCount":341,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":119546768,"gmtCreate":1622556565154,"gmtModify":1634100503571,"author":{"id":"3570960659889242","authorId":"3570960659889242","name":"Maxangelos","avatar":"https://static.tigerbbs.com/ccba3d2f1a7d2b8a82607de96d5c732b","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570960659889242","idStr":"3570960659889242"},"themes":[],"htmlText":"Congrats!","listText":"Congrats!","text":"Congrats!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/119546768","repostId":"119550867","repostType":1,"repost":{"id":119550867,"gmtCreate":1622556028759,"gmtModify":1622556028759,"author":{"id":"3554468197167318","authorId":"3554468197167318","name":"SNOWBALL6888","avatar":"https://static.tigerbbs.com/8f4c7cd4f2bfe239ae2a8504a584e162","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3554468197167318","idStr":"3554468197167318"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TIGR\">$老虎证券(TIGR)$</a>怎么跳水这么优秀[捂脸]&nbsp;[微笑]&nbsp;","listText":"<a href=\"https://laohu8.com/S/TIGR\">$老虎证券(TIGR)$</a>怎么跳水这么优秀[捂脸]&nbsp;[微笑]&nbsp;","text":"$老虎证券(TIGR)$怎么跳水这么优秀[捂脸] [微笑]","images":[{"img":"https://static.tigerbbs.com/34189048e6a8e6cb5f635bf1f950e44c","width":"1242","height":"2001"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/119550867","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":483,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":119548475,"gmtCreate":1622556533697,"gmtModify":1634100504172,"author":{"id":"3570960659889242","authorId":"3570960659889242","name":"Maxangelos","avatar":"https://static.tigerbbs.com/ccba3d2f1a7d2b8a82607de96d5c732b","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570960659889242","idStr":"3570960659889242"},"themes":[],"htmlText":"Doesn’t seem to be able to break $24.00 unfortunately. Tiger Jia you!","listText":"Doesn’t seem to be able to break $24.00 unfortunately. Tiger Jia you!","text":"Doesn’t seem to be able to break $24.00 unfortunately. Tiger Jia you!","images":[{"img":"https://static.tigerbbs.com/0d1f0e8865a039a51464c6088e507ac9","width":"1125","height":"3282"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/119548475","isVote":1,"tweetType":1,"viewCount":776,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"hots":[{"id":139956869,"gmtCreate":1621586650551,"gmtModify":1634187863963,"author":{"id":"3570960659889242","authorId":"3570960659889242","name":"Maxangelos","avatar":"https://static.tigerbbs.com/ccba3d2f1a7d2b8a82607de96d5c732b","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570960659889242","idStr":"3570960659889242"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>Gogogo","listText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>Gogogo","text":"$Tiger Brokers(TIGR)$Gogogo","images":[{"img":"https://static.tigerbbs.com/69158764585dde3ecac2db283eb7a06d","width":"1125","height":"1949"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/139956869","isVote":1,"tweetType":1,"viewCount":509,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":150389455,"gmtCreate":1624887416277,"gmtModify":1633947503025,"author":{"id":"3570960659889242","authorId":"3570960659889242","name":"Maxangelos","avatar":"https://static.tigerbbs.com/ccba3d2f1a7d2b8a82607de96d5c732b","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570960659889242","idStr":"3570960659889242"},"themes":[],"htmlText":"True","listText":"True","text":"True","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/150389455","repostId":"1170953229","repostType":4,"repost":{"id":"1170953229","kind":"news","pubTimestamp":1624885060,"share":"https://www.laohu8.com/m/news/1170953229?lang=zh_CN&edition=full","pubTime":"2021-06-28 20:57","market":"us","language":"en","title":"Cloudflare: High-Quality Business, But Not Cheap<blockquote>Cloudflare：高质量的业务，但不便宜</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1170953229","media":"seekingalpha","summary":"Summary\n\nCloudflare is a high-performance CDN. Its paying customers continue to rapidly increase and","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Cloudflare is a high-performance CDN. Its paying customers continue to rapidly increase and show no signs of slowing down.</li>  <li>Cloudflare's gross margins are very high, reaching the high 70s%.</li>  <li>Cloudflare is priced at 53x forward sales, making it one of the most expensive SaaS names.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a7cd9332f245bbb2907015fd86c5ff20\" tg-width=\"1536\" tg-height=\"864\" referrerpolicy=\"no-referrer\"><span>imaginima/E+ via Getty Images</span></p><p><blockquote><ul><li>Cloudflare是一款高性能CDN。其付费客户继续快速增长，并且没有放缓的迹象。</li><li>Cloudflare的毛利率非常高，高达70%。</li><li>Cloudflare的定价是远期销售额的53倍，使其成为SaaS最昂贵的品牌之一。</li></ul><p class=\"t-img-caption\"><span>imaginima/E+来自Getty Images</span></p></blockquote></p><p> <b>Investment Thesis</b></p><p><blockquote><b>投资论文</b></blockquote></p><p> Cloudflare(NYSE:NET)is Content Delivery Network (''CDN''). As the world continues to rapidly digitize, the demand for high-quality and fast internet networks continues to increase. To this end, it's perhaps no surprise that investors have long ago understood these prospects and reflected this belief into Cloudflare's share price. In fact, Cloudflare is now priced at 53x forward sales making it one of the most expensive SaaS names.</p><p><blockquote>Cloudflare（纽约证券交易所代码：NET）是内容交付网络（“CDN”）。随着世界继续快速数字化，对高质量和快速互联网网络的需求不断增加。为此，投资者很久以前就了解这些前景并将这种信念反映到Cloudflare的股价中或许也就不足为奇了。事实上，Cloudflare现在的定价是远期销售额的53倍，使其成为SaaS最昂贵的品牌之一。</blockquote></p><p> Having said that, Cloudflare's growth rates continue to be persistently high and stable. Investors interested in Cloudflare will have to adopt a firm buy-and-hold strategy.</p><p><blockquote>话虽如此，Cloudflare的增长率仍然居高不下且稳定。对Cloudflare感兴趣的投资者将不得不采取坚定的买入并持有策略。</blockquote></p><p> <b>Voting Machine vs Weighing Machine</b></p><p><blockquote><b>投票机vs称重机</b></blockquote></p><p> Cloudflare is a Content Delivery Network (''CDN''). Its mission is to make the internet secure, faster, and more reliable.</p><p><blockquote>Cloudflare是一个内容交付网络（“CDN”）。它的使命是使互联网更安全、更快、更可靠。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0c97ad60d00f39022413a4453bb38d2d\" tg-width=\"635\" tg-height=\"433\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> This time last year, investors were passionately clamoring for Fastly (FSLY). It was viewed by many as a company that could do no wrong. This year, it's a dramatically different setup as the graph above depicts. Fastly has fallen by the wayside, while Cloudflare is now the reigning champion.</p><p><blockquote>去年这个时候，投资者对Fastly(FSLY)充满热情。许多人认为它是一家不会犯错的公司。今年，情况截然不同，如上图所示。Fastly已经半途而废，而Cloudflare现在是卫冕冠军。</blockquote></p><p> Investors are voting with their feet to exit Fastly and they are now piling in around Cloudflare.</p><p><blockquote>投资者正在用脚投票决定快速退出，他们现在正在涌入Cloudflare。</blockquote></p><p> As a value investor, I would normally argue that this is likely to once again revert. Here is a quote from Horace that legendary investor Benjamin Graham's investment philosophy was based on:<i>many shall berestoredthat now are fallen and many shall fall that now are in honor.</i></p><p><blockquote>作为一名价值投资者，我通常认为这种情况可能会再次恢复。以下是传奇投资者本杰明·格雷厄姆(Benjamin Graham)的投资理念所基于的贺拉斯(Horace)的一句话：<i>许多现在倒下的人将会复活，许多现在被荣耀的人将会倒下。</i></blockquote></p><p> Having said that, for every snapping one-liner an investor might put out, the real investor's prospects lie in doing the work and attempting to discern the underlying opportunity.</p><p><blockquote>话虽如此，对于投资者可能发表的每一句俏皮话，真正的投资者的前景在于做工作并试图辨别潜在的机会。</blockquote></p><p> <b>Cloudflare is a High-Quality Business</b></p><p><blockquote><b>Cloudflare是一项优质业务</b></blockquote></p><p> Cloudflare's non-GAAP gross margins are not only incredibly high, but they are highly stable too.</p><p><blockquote>Cloudflare的非GAAP毛利率不仅高得令人难以置信，而且非常稳定。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/161c2d74e08d4ccf531ab30182bd8a62\" tg-width=\"747\" tg-height=\"613\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> As a reminder, this compares with Fastly's60.1%as of Q1 2021. On the surface, this is incredibly alluring and is a typical indicator of a high-quality business.</p><p><blockquote>提醒一下，相比之下，Fastly截至2021年第一季度的这一比例为60.1%。从表面上看，这非常诱人，是高质量业务的典型指标。</blockquote></p><p> On the other hand, as we look out to Cloudflare's full-year guidance, its non-GAAP operating margins are expected to come in at<i>a negative 4%</i>. Of course, this is a substantial improvement from the negative 8% from 2020 and puts Cloudflare very close to breakeven.</p><p><blockquote>另一方面，当我们展望Cloudflare的全年指引时，其非GAAP营业利润率预计将达到<i>负4%</i>.当然，这比2020年的负8%有了实质性的改善，并使Cloudflare非常接近盈亏平衡。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8a369e8d30ed6115c1e05ca0b8310f0a\" tg-width=\"516\" tg-height=\"237\"><span>Source: Long-Term Model</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：长期模型</span></p></blockquote></p><p> Nevertheless, to go from<i>negative 4% to positive +20% in operating margins is a very steep climb</i>. So, investors should be cautious and take this guide with a pinch of salt.</p><p><blockquote>然而，从<i>营业利润率从负4%到正+20%是一个非常陡峭的攀升</i>因此，投资者应谨慎行事，对本指南持保留态度。</blockquote></p><p> Moving on, its latest sets of results put Cloudflare's dollar-based net retention at 123%. This is an important metric because it not only shows that the company's customer base is sticky but reminds us that Cloudflare is capable of upselling 23% more services to its customers y/y.</p><p><blockquote>展望未来，其最新业绩显示Cloudflare以美元计算的净保留率为123%。这是一个重要的指标，因为它不仅表明该公司的客户群具有粘性，而且提醒我们Cloudflare能够向其客户追加销售23%的服务。</blockquote></p><p> This insight, together with the fact that Cloudflare's paying customers continue to increase, should provide investors with confidence that Cloudflare's business is very healthy, as its revenues are increasing by a mixture of increasing customers and higher prices:</p><p><blockquote>这一见解，加上Cloudflare付费客户持续增加的事实，应该会让投资者相信Cloudflare的业务非常健康，因为其收入正在通过客户增加和价格上涨的混合而增加：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/6a4e8e1944ecc73a022a5710a3dc07ad\" tg-width=\"640\" tg-height=\"559\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Revenue Growth Rates: Strong and Stable</p><p><blockquote>收入增长率：强劲而稳定</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fdc3dff42f73ccfdfc3b2b4f9a0eb65a\" tg-width=\"640\" tg-height=\"285\"><span>Source: author's calculations; **company guidance</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：作者计算；**公司指引</span></p></blockquote></p><p> Next, we can see above that Cloudflare continues to guide investors for mid-40s% CAGR - at least in the near term.</p><p><blockquote>接下来，我们可以在上面看到，Cloudflare继续引导投资者实现40%左右的复合年增长率——至少在短期内是这样。</blockquote></p><p> Furthermore, knowing how conservative this management is, I suspect that Cloudflare will easily beat these targets and will perhaps even raise its guidance over the coming year.</p><p><blockquote>此外，知道管理层有多保守，我怀疑Cloudflare将轻松击败这些目标，甚至可能在来年提高其指导。</blockquote></p><p></p><p> Nonetheless, we have to keep in mind that we are still discussing a company that's likely to finish 2021 with close to $600 million in revenues. In other words, growing at mid 40s% while the company is at sub $1 billion in revenues, and continuing to grow at mid-40s% at higher than $1 billion in revenues, it's quite a different feat. At some point, size takes a toll.</p><p><blockquote>尽管如此，我们必须记住，我们仍在讨论一家可能在2021年底收入接近6亿美元的公司。换句话说，在公司收入低于10亿美元的情况下以40%左右的速度增长，并在收入高于10亿美元的情况下继续以40%左右的速度增长，这是一个完全不同的壮举。在某些时候，规模会产生影响。</blockquote></p><p> <b>Valuation - Not Cheap</b></p><p><blockquote><b>估值——不便宜</b></blockquote></p><p> Cloudflare is priced at 53x forward sales. This implies that optimism towards Cloudflare is incredibly high. Even amongst SaaS names, I believe this is an outlier. I follow many companies in this space and I don't know of any that are priced as richly as this.</p><p><blockquote>Cloudflare的定价是远期销售额的53倍。这意味着人们对Cloudflare的乐观情绪非常高。即使在SaaS的名字中，我也相信这是一个异常值。我关注了这个领域的许多公司，但我不知道有哪家公司的定价如此之高。</blockquote></p><p> The obvious comparison here is Fastly which is priced at 18x forward sales. But even amongst the cybersecurity names, a sector that is wildly known for its exuberant valuations the likes of CrowdStrike (CRWD) is priced at 42x sales.</p><p><blockquote>这里明显的比较是Fastly，它的定价是远期销售额的18倍。但即使在网络安全公司中，像CrowdStrike(CRWD)这样以估值过高而闻名的行业的定价也是销售额的42倍。</blockquote></p><p> <b>The Bottom Line</b></p><p><blockquote><b>底线</b></blockquote></p><p> Cloudflare is remarkably stable and growing at a rapid rate. Its valuation is not cheap at 53x sales, but there again high-quality companies rarely are. Investors intent on taking a position here may consider buying in dips.</p><p><blockquote>Cloudflare非常稳定，并且正在快速增长。它的估值并不便宜，是销售额的53倍，但同样很少有优质公司。有意在此建仓的投资者可以考虑逢低买入。</blockquote></p><p> Having said that, I prefer to stick to companies with more hairs on them and more cheaply valued. Happy investing!</p><p><blockquote>话虽如此，我更喜欢坚持那些头发更多、估值更便宜的公司。投资愉快！</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>Cloudflare: High-Quality Business, But Not Cheap<blockquote>Cloudflare：高质量的业务，但不便宜</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\">\nCloudflare: High-Quality Business, But Not Cheap<blockquote>Cloudflare：高质量的业务，但不便宜</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">seekingalpha</strong><span class=\"h-time small\">2021-06-28 20:57</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>Cloudflare is a high-performance CDN. Its paying customers continue to rapidly increase and show no signs of slowing down.</li>  <li>Cloudflare's gross margins are very high, reaching the high 70s%.</li>  <li>Cloudflare is priced at 53x forward sales, making it one of the most expensive SaaS names.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a7cd9332f245bbb2907015fd86c5ff20\" tg-width=\"1536\" tg-height=\"864\" referrerpolicy=\"no-referrer\"><span>imaginima/E+ via Getty Images</span></p><p><blockquote><ul><li>Cloudflare是一款高性能CDN。其付费客户继续快速增长，并且没有放缓的迹象。</li><li>Cloudflare的毛利率非常高，高达70%。</li><li>Cloudflare的定价是远期销售额的53倍，使其成为SaaS最昂贵的品牌之一。</li></ul><p class=\"t-img-caption\"><span>imaginima/E+来自Getty Images</span></p></blockquote></p><p> <b>Investment Thesis</b></p><p><blockquote><b>投资论文</b></blockquote></p><p> Cloudflare(NYSE:NET)is Content Delivery Network (''CDN''). As the world continues to rapidly digitize, the demand for high-quality and fast internet networks continues to increase. To this end, it's perhaps no surprise that investors have long ago understood these prospects and reflected this belief into Cloudflare's share price. In fact, Cloudflare is now priced at 53x forward sales making it one of the most expensive SaaS names.</p><p><blockquote>Cloudflare（纽约证券交易所代码：NET）是内容交付网络（“CDN”）。随着世界继续快速数字化，对高质量和快速互联网网络的需求不断增加。为此，投资者很久以前就了解这些前景并将这种信念反映到Cloudflare的股价中或许也就不足为奇了。事实上，Cloudflare现在的定价是远期销售额的53倍，使其成为SaaS最昂贵的品牌之一。</blockquote></p><p> Having said that, Cloudflare's growth rates continue to be persistently high and stable. Investors interested in Cloudflare will have to adopt a firm buy-and-hold strategy.</p><p><blockquote>话虽如此，Cloudflare的增长率仍然居高不下且稳定。对Cloudflare感兴趣的投资者将不得不采取坚定的买入并持有策略。</blockquote></p><p> <b>Voting Machine vs Weighing Machine</b></p><p><blockquote><b>投票机vs称重机</b></blockquote></p><p> Cloudflare is a Content Delivery Network (''CDN''). Its mission is to make the internet secure, faster, and more reliable.</p><p><blockquote>Cloudflare是一个内容交付网络（“CDN”）。它的使命是使互联网更安全、更快、更可靠。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0c97ad60d00f39022413a4453bb38d2d\" tg-width=\"635\" tg-height=\"433\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> This time last year, investors were passionately clamoring for Fastly (FSLY). It was viewed by many as a company that could do no wrong. This year, it's a dramatically different setup as the graph above depicts. Fastly has fallen by the wayside, while Cloudflare is now the reigning champion.</p><p><blockquote>去年这个时候，投资者对Fastly(FSLY)充满热情。许多人认为它是一家不会犯错的公司。今年，情况截然不同，如上图所示。Fastly已经半途而废，而Cloudflare现在是卫冕冠军。</blockquote></p><p> Investors are voting with their feet to exit Fastly and they are now piling in around Cloudflare.</p><p><blockquote>投资者正在用脚投票决定快速退出，他们现在正在涌入Cloudflare。</blockquote></p><p> As a value investor, I would normally argue that this is likely to once again revert. Here is a quote from Horace that legendary investor Benjamin Graham's investment philosophy was based on:<i>many shall berestoredthat now are fallen and many shall fall that now are in honor.</i></p><p><blockquote>作为一名价值投资者，我通常认为这种情况可能会再次恢复。以下是传奇投资者本杰明·格雷厄姆(Benjamin Graham)的投资理念所基于的贺拉斯(Horace)的一句话：<i>许多现在倒下的人将会复活，许多现在被荣耀的人将会倒下。</i></blockquote></p><p> Having said that, for every snapping one-liner an investor might put out, the real investor's prospects lie in doing the work and attempting to discern the underlying opportunity.</p><p><blockquote>话虽如此，对于投资者可能发表的每一句俏皮话，真正的投资者的前景在于做工作并试图辨别潜在的机会。</blockquote></p><p> <b>Cloudflare is a High-Quality Business</b></p><p><blockquote><b>Cloudflare是一项优质业务</b></blockquote></p><p> Cloudflare's non-GAAP gross margins are not only incredibly high, but they are highly stable too.</p><p><blockquote>Cloudflare的非GAAP毛利率不仅高得令人难以置信，而且非常稳定。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/161c2d74e08d4ccf531ab30182bd8a62\" tg-width=\"747\" tg-height=\"613\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> As a reminder, this compares with Fastly's60.1%as of Q1 2021. On the surface, this is incredibly alluring and is a typical indicator of a high-quality business.</p><p><blockquote>提醒一下，相比之下，Fastly截至2021年第一季度的这一比例为60.1%。从表面上看，这非常诱人，是高质量业务的典型指标。</blockquote></p><p> On the other hand, as we look out to Cloudflare's full-year guidance, its non-GAAP operating margins are expected to come in at<i>a negative 4%</i>. Of course, this is a substantial improvement from the negative 8% from 2020 and puts Cloudflare very close to breakeven.</p><p><blockquote>另一方面，当我们展望Cloudflare的全年指引时，其非GAAP营业利润率预计将达到<i>负4%</i>.当然，这比2020年的负8%有了实质性的改善，并使Cloudflare非常接近盈亏平衡。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8a369e8d30ed6115c1e05ca0b8310f0a\" tg-width=\"516\" tg-height=\"237\"><span>Source: Long-Term Model</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：长期模型</span></p></blockquote></p><p> Nevertheless, to go from<i>negative 4% to positive +20% in operating margins is a very steep climb</i>. So, investors should be cautious and take this guide with a pinch of salt.</p><p><blockquote>然而，从<i>营业利润率从负4%到正+20%是一个非常陡峭的攀升</i>因此，投资者应谨慎行事，对本指南持保留态度。</blockquote></p><p> Moving on, its latest sets of results put Cloudflare's dollar-based net retention at 123%. This is an important metric because it not only shows that the company's customer base is sticky but reminds us that Cloudflare is capable of upselling 23% more services to its customers y/y.</p><p><blockquote>展望未来，其最新业绩显示Cloudflare以美元计算的净保留率为123%。这是一个重要的指标，因为它不仅表明该公司的客户群具有粘性，而且提醒我们Cloudflare能够向其客户追加销售23%的服务。</blockquote></p><p> This insight, together with the fact that Cloudflare's paying customers continue to increase, should provide investors with confidence that Cloudflare's business is very healthy, as its revenues are increasing by a mixture of increasing customers and higher prices:</p><p><blockquote>这一见解，加上Cloudflare付费客户持续增加的事实，应该会让投资者相信Cloudflare的业务非常健康，因为其收入正在通过客户增加和价格上涨的混合而增加：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/6a4e8e1944ecc73a022a5710a3dc07ad\" tg-width=\"640\" tg-height=\"559\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Revenue Growth Rates: Strong and Stable</p><p><blockquote>收入增长率：强劲而稳定</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fdc3dff42f73ccfdfc3b2b4f9a0eb65a\" tg-width=\"640\" tg-height=\"285\"><span>Source: author's calculations; **company guidance</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：作者计算；**公司指引</span></p></blockquote></p><p> Next, we can see above that Cloudflare continues to guide investors for mid-40s% CAGR - at least in the near term.</p><p><blockquote>接下来，我们可以在上面看到，Cloudflare继续引导投资者实现40%左右的复合年增长率——至少在短期内是这样。</blockquote></p><p> Furthermore, knowing how conservative this management is, I suspect that Cloudflare will easily beat these targets and will perhaps even raise its guidance over the coming year.</p><p><blockquote>此外，知道管理层有多保守，我怀疑Cloudflare将轻松击败这些目标，甚至可能在来年提高其指导。</blockquote></p><p></p><p> Nonetheless, we have to keep in mind that we are still discussing a company that's likely to finish 2021 with close to $600 million in revenues. In other words, growing at mid 40s% while the company is at sub $1 billion in revenues, and continuing to grow at mid-40s% at higher than $1 billion in revenues, it's quite a different feat. At some point, size takes a toll.</p><p><blockquote>尽管如此，我们必须记住，我们仍在讨论一家可能在2021年底收入接近6亿美元的公司。换句话说，在公司收入低于10亿美元的情况下以40%左右的速度增长，并在收入高于10亿美元的情况下继续以40%左右的速度增长，这是一个完全不同的壮举。在某些时候，规模会产生影响。</blockquote></p><p> <b>Valuation - Not Cheap</b></p><p><blockquote><b>估值——不便宜</b></blockquote></p><p> Cloudflare is priced at 53x forward sales. This implies that optimism towards Cloudflare is incredibly high. Even amongst SaaS names, I believe this is an outlier. I follow many companies in this space and I don't know of any that are priced as richly as this.</p><p><blockquote>Cloudflare的定价是远期销售额的53倍。这意味着人们对Cloudflare的乐观情绪非常高。即使在SaaS的名字中，我也相信这是一个异常值。我关注了这个领域的许多公司，但我不知道有哪家公司的定价如此之高。</blockquote></p><p> The obvious comparison here is Fastly which is priced at 18x forward sales. But even amongst the cybersecurity names, a sector that is wildly known for its exuberant valuations the likes of CrowdStrike (CRWD) is priced at 42x sales.</p><p><blockquote>这里明显的比较是Fastly，它的定价是远期销售额的18倍。但即使在网络安全公司中，像CrowdStrike(CRWD)这样以估值过高而闻名的行业的定价也是销售额的42倍。</blockquote></p><p> <b>The Bottom Line</b></p><p><blockquote><b>底线</b></blockquote></p><p> Cloudflare is remarkably stable and growing at a rapid rate. Its valuation is not cheap at 53x sales, but there again high-quality companies rarely are. Investors intent on taking a position here may consider buying in dips.</p><p><blockquote>Cloudflare非常稳定，并且正在快速增长。它的估值并不便宜，是销售额的53倍，但同样很少有优质公司。有意在此建仓的投资者可以考虑逢低买入。</blockquote></p><p> Having said that, I prefer to stick to companies with more hairs on them and more cheaply valued. Happy investing!</p><p><blockquote>话虽如此，我更喜欢坚持那些头发更多、估值更便宜的公司。投资愉快！</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4436906-cloudflare-high-quality-business-but-not-cheap\">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":{"NET":"Cloudflare, Inc."},"source_url":"https://seekingalpha.com/article/4436906-cloudflare-high-quality-business-but-not-cheap","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1170953229","content_text":"Summary\n\nCloudflare is a high-performance CDN. Its paying customers continue to rapidly increase and show no signs of slowing down.\nCloudflare's gross margins are very high, reaching the high 70s%.\nCloudflare is priced at 53x forward sales, making it one of the most expensive SaaS names.\n\nimaginima/E+ via Getty Images\nInvestment Thesis\nCloudflare(NYSE:NET)is Content Delivery Network (''CDN''). As the world continues to rapidly digitize, the demand for high-quality and fast internet networks continues to increase. To this end, it's perhaps no surprise that investors have long ago understood these prospects and reflected this belief into Cloudflare's share price. In fact, Cloudflare is now priced at 53x forward sales making it one of the most expensive SaaS names.\nHaving said that, Cloudflare's growth rates continue to be persistently high and stable. Investors interested in Cloudflare will have to adopt a firm buy-and-hold strategy.\nVoting Machine vs Weighing Machine\nCloudflare is a Content Delivery Network (''CDN''). Its mission is to make the internet secure, faster, and more reliable.\nData by YCharts\nThis time last year, investors were passionately clamoring for Fastly (FSLY). It was viewed by many as a company that could do no wrong. This year, it's a dramatically different setup as the graph above depicts. Fastly has fallen by the wayside, while Cloudflare is now the reigning champion.\nInvestors are voting with their feet to exit Fastly and they are now piling in around Cloudflare.\nAs a value investor, I would normally argue that this is likely to once again revert. Here is a quote from Horace that legendary investor Benjamin Graham's investment philosophy was based on:many shall berestoredthat now are fallen and many shall fall that now are in honor.\nHaving said that, for every snapping one-liner an investor might put out, the real investor's prospects lie in doing the work and attempting to discern the underlying opportunity.\nCloudflare is a High-Quality Business\nCloudflare's non-GAAP gross margins are not only incredibly high, but they are highly stable too.\n\nAs a reminder, this compares with Fastly's60.1%as of Q1 2021. On the surface, this is incredibly alluring and is a typical indicator of a high-quality business.\nOn the other hand, as we look out to Cloudflare's full-year guidance, its non-GAAP operating margins are expected to come in ata negative 4%. Of course, this is a substantial improvement from the negative 8% from 2020 and puts Cloudflare very close to breakeven.\nSource: Long-Term Model\nNevertheless, to go fromnegative 4% to positive +20% in operating margins is a very steep climb. So, investors should be cautious and take this guide with a pinch of salt.\nMoving on, its latest sets of results put Cloudflare's dollar-based net retention at 123%. This is an important metric because it not only shows that the company's customer base is sticky but reminds us that Cloudflare is capable of upselling 23% more services to its customers y/y.\nThis insight, together with the fact that Cloudflare's paying customers continue to increase, should provide investors with confidence that Cloudflare's business is very healthy, as its revenues are increasing by a mixture of increasing customers and higher prices:\n\nRevenue Growth Rates: Strong and Stable\nSource: author's calculations; **company guidance\nNext, we can see above that Cloudflare continues to guide investors for mid-40s% CAGR - at least in the near term.\nFurthermore, knowing how conservative this management is, I suspect that Cloudflare will easily beat these targets and will perhaps even raise its guidance over the coming year.\nNonetheless, we have to keep in mind that we are still discussing a company that's likely to finish 2021 with close to $600 million in revenues. In other words, growing at mid 40s% while the company is at sub $1 billion in revenues, and continuing to grow at mid-40s% at higher than $1 billion in revenues, it's quite a different feat. At some point, size takes a toll.\nValuation - Not Cheap\nCloudflare is priced at 53x forward sales. This implies that optimism towards Cloudflare is incredibly high. Even amongst SaaS names, I believe this is an outlier. I follow many companies in this space and I don't know of any that are priced as richly as this.\nThe obvious comparison here is Fastly which is priced at 18x forward sales. But even amongst the cybersecurity names, a sector that is wildly known for its exuberant valuations the likes of CrowdStrike (CRWD) is priced at 42x sales.\nThe Bottom Line\nCloudflare is remarkably stable and growing at a rapid rate. Its valuation is not cheap at 53x sales, but there again high-quality companies rarely are. Investors intent on taking a position here may consider buying in dips.\nHaving said that, I prefer to stick to companies with more hairs on them and more cheaply valued. Happy investing!","news_type":1,"symbols_score_info":{"NET":0.9}},"isVote":1,"tweetType":1,"viewCount":1821,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":132730716,"gmtCreate":1622113852935,"gmtModify":1631885043228,"author":{"id":"3570960659889242","authorId":"3570960659889242","name":"Maxangelos","avatar":"https://static.tigerbbs.com/ccba3d2f1a7d2b8a82607de96d5c732b","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570960659889242","idStr":"3570960659889242"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/MARA\">$Marathon Digital Holdings Inc(MARA)$</a>Hopefully today will be a good day for Mara!","listText":"<a href=\"https://laohu8.com/S/MARA\">$Marathon Digital Holdings Inc(MARA)$</a>Hopefully today will be a good day for Mara!","text":"$Marathon Digital Holdings Inc(MARA)$Hopefully today will be a good day for Mara!","images":[{"img":"https://static.tigerbbs.com/dd18cd53e92eddf779452cc474370576","width":"1125","height":"1949"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/132730716","isVote":1,"tweetType":1,"viewCount":669,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":166236091,"gmtCreate":1624010712813,"gmtModify":1634024165116,"author":{"id":"3570960659889242","authorId":"3570960659889242","name":"Maxangelos","avatar":"https://static.tigerbbs.com/ccba3d2f1a7d2b8a82607de96d5c732b","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570960659889242","idStr":"3570960659889242"},"themes":[],"htmlText":"Hopefully all is well.","listText":"Hopefully all is well.","text":"Hopefully all is well.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/166236091","repostId":"1166489816","repostType":4,"isVote":1,"tweetType":1,"viewCount":700,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":130638305,"gmtCreate":1621530006107,"gmtModify":1634188351207,"author":{"id":"3570960659889242","authorId":"3570960659889242","name":"Maxangelos","avatar":"https://static.tigerbbs.com/ccba3d2f1a7d2b8a82607de96d5c732b","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570960659889242","idStr":"3570960659889242"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a> yay","listText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a> yay","text":"$Tiger Brokers(TIGR)$ yay","images":[{"img":"https://static.tigerbbs.com/59e8fd27516411aac74847f85a4b4c43","width":"1125","height":"1949"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/130638305","isVote":1,"tweetType":1,"viewCount":350,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":134320951,"gmtCreate":1622208954973,"gmtModify":1631887792336,"author":{"id":"3570960659889242","authorId":"3570960659889242","name":"Maxangelos","avatar":"https://static.tigerbbs.com/ccba3d2f1a7d2b8a82607de96d5c732b","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570960659889242","idStr":"3570960659889242"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/BNGO\">$Bionano Genomics(BNGO)$</a>Gogogo!","listText":"<a href=\"https://laohu8.com/S/BNGO\">$Bionano Genomics(BNGO)$</a>Gogogo!","text":"$Bionano Genomics(BNGO)$Gogogo!","images":[{"img":"https://static.tigerbbs.com/f87c347460dfabd43f23a1f20b8d191a","width":"1125","height":"1949"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/134320951","isVote":1,"tweetType":1,"viewCount":307,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":348162454,"gmtCreate":1617894634478,"gmtModify":1634295885243,"author":{"id":"3570960659889242","authorId":"3570960659889242","name":"Maxangelos","avatar":"https://static.tigerbbs.com/ccba3d2f1a7d2b8a82607de96d5c732b","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570960659889242","idStr":"3570960659889242"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>Break $19 soon!","listText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>Break $19 soon!","text":"$Tiger Brokers(TIGR)$Break $19 soon!","images":[{"img":"https://static.tigerbbs.com/9c58dc0d355ab6fb2b04f50916900c7e","width":"1125","height":"1949"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/348162454","isVote":1,"tweetType":1,"viewCount":599,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":120757074,"gmtCreate":1624339379698,"gmtModify":1634007531981,"author":{"id":"3570960659889242","authorId":"3570960659889242","name":"Maxangelos","avatar":"https://static.tigerbbs.com/ccba3d2f1a7d2b8a82607de96d5c732b","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570960659889242","idStr":"3570960659889242"},"themes":[],"htmlText":"I wonder how much was paid","listText":"I wonder how much was paid","text":"I wonder how much was paid","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/120757074","repostId":"2145030439","repostType":4,"isVote":1,"tweetType":1,"viewCount":1908,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":120754958,"gmtCreate":1624339312474,"gmtModify":1634007532921,"author":{"id":"3570960659889242","authorId":"3570960659889242","name":"Maxangelos","avatar":"https://static.tigerbbs.com/ccba3d2f1a7d2b8a82607de96d5c732b","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570960659889242","idStr":"3570960659889242"},"themes":[],"htmlText":"Yes","listText":"Yes","text":"Yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/120754958","repostId":"1175304129","repostType":4,"repost":{"id":"1175304129","kind":"news","pubTimestamp":1624329424,"share":"https://www.laohu8.com/m/news/1175304129?lang=zh_CN&edition=full","pubTime":"2021-06-22 10:37","market":"us","language":"en","title":"The Bull Market Depends on These 2 Must-Watch Stocks This Week<blockquote>牛市就看这2只本周必看股</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1175304129","media":"fool","summary":"The stock market has done exceptionally well in 2021, continuing to climb to all-time record highs a","content":"<p>The stock market has done exceptionally well in 2021, continuing to climb to all-time record highs amid strong hopes for a recovering economy. With the world starting to emerge from the COVID-19 pandemic, investors are excited about the prospects for things returning to how they were before the huge disruptions we've seen across the globe since early 2020. That excitement played out in major market benchmarks Monday morning, as the&nbsp;<b>Dow Jones Industrial Average</b>(DJINDICES:^DJI)climbed more than 500 points to 33,800, the&nbsp;<b>S&amp;P 500</b>(SNPINDEX:^GSPC)gained 47 points to 4,214, and the&nbsp;<b>Nasdaq Composite</b>(NASDAQINDEX:^IXIC)climbed 67 points to 14,098.</p><p><blockquote>2021年，股市表现异常出色，在经济复苏的强烈希望下，股市继续攀升至历史新高。随着世界开始摆脱新冠肺炎疫情，投资者对事情恢复到自2020年初以来我们在全球范围内看到的巨大破坏之前的前景感到兴奋。周一上午，这种兴奋情绪在主要市场基准中表现出来，因为<b>道琼斯工业平均指数</b>(DJINIndices：^DJI)攀升逾500点至33,800点，<b>标普500</b>(SNPINDEX：^GSPC)上涨47点至4,214点，而<b>纳斯达克复合材料</b>（纳斯达克指数：^IXIC）上涨67点至14,098点。</blockquote></p><p> Earnings season is always a good way to tell how individual companies are faring, but some businesses have more importance than others. Later this week, delivery specialist&nbsp;<b>FedEx</b>(NYSE:FDX)and athletic apparel giant&nbsp;<b>Nike</b>(NYSE:NKE)will give their latest readings on their corporate results. Both will have major implications not just for their own shareholders but for those following the broader economy as well.</p><p><blockquote>财报季始终是了解各个公司表现的好方法，但有些业务比其他业务更重要。本周晚些时候，送货专家<b>联邦快递</b>（纽约证券交易所代码：FDX）和运动服装巨头<b>耐克</b>（纽约证券交易所股票代码：NKE）将公布其公司业绩的最新数据。两者不仅会对自己的股东产生重大影响，也会对那些关注更广泛经济的人产生重大影响。</blockquote></p><p> Delivering for investors?</p><p><blockquote>为投资者送货？</blockquote></p><p> FedEx is set to report its latest results on Thursday, June 24. Investors are expecting big things from the company, but a lot more will depend on what FedEx says about what the future will bring.</p><p><blockquote>联邦快递将于6月24日星期四公布最新业绩。投资者对该公司寄予厚望，但更多的将取决于联邦快递对未来的看法。</blockquote></p><p> Given the hit that FedEx took this time last year, it should come as little surprise that those following the delivery giant are looking for a major rebound. Consensus estimates among those tracking FedEx see earnings nearly doubling from year-ago levels, with revenue slated to rise at a healthy 24% pace.</p><p><blockquote>鉴于联邦快递去年这个时候遭受的打击，那些关注这家快递巨头的人正在寻求大幅反弹也就不足为奇了。追踪联邦快递的人士一致估计，其盈利将比去年同期水平几乎翻一番，收入预计将以24%的健康速度增长。</blockquote></p><p> Indeed, in some ways,FedEx has too much of a good thing. Earlier this month, the company said it would cut service to some of its logistics customers who seek out less-than-truckload shipping services. The reason: Exceptionally strong demand was causing bottlenecks at key terminal locations that in turn were threatening to delay shipments. The issues aren't unique to FedEx, instead reflecting capacity constraints throughout the industry that are creating potential disruptions for customers seeking to get goods where they need to go.</p><p><blockquote>事实上，在某些方面，联邦快递有太多的好东西。本月早些时候，该公司表示将削减对一些寻求零担运输服务的物流客户的服务。原因是：异常强劲的需求导致关键码头地点出现瓶颈，进而威胁到发货延迟。这些问题并不是联邦快递独有的，而是反映了整个行业的产能限制，这些限制给寻求将货物送到需要去的地方的客户造成了潜在的干扰。</blockquote></p><p> Investors will want to pay particularly close attention to any guidance that FedEx gives for its fiscal 2022 year. After having seen so much e-commerce activity drive pandemic-related gains, a return to more typical business conditions could create a temporary pause in FedEx's growth. How much that appears in projections could in turn say a lot about whether the stock can return to its former upward trajectory.</p><p><blockquote>投资者将特别密切关注联邦快递为其2022财年提供的任何指导。在看到如此多的电子商务活动推动了与大流行相关的增长后，回归更典型的商业状况可能会导致联邦快递的增长暂时暂停。这一数字在预测中的出现程度反过来又可以在很大程度上说明该股是否能够回到以前的上升轨迹。</blockquote></p><p> Doing it</p><p><blockquote>正在做</blockquote></p><p> Nike is also slated to release its financial results on Thursday morning. Investors hope to see a significant reversal from last year's painful experience.</p><p><blockquote>耐克也定于周四上午发布财务业绩。投资者希望看到去年痛苦经历的重大逆转。</blockquote></p><p> Nike appears to be ready to get back on trackwith its quarterly results. Revenue is expected to soar more than 75% from year-ago levels, which reflected store closures and other disruptions related to the pandemic. Nike's earnings will likely reverse year-ago losses, although bottom-line performance is still in the process of recovering from more difficult conditions.</p><p><blockquote>耐克似乎已准备好通过季度业绩重回正轨。收入预计将比去年同期飙升75%以上，这反映了商店关闭和其他与大流行相关的干扰。耐克的盈利可能会扭转去年同期的亏损，尽管底线业绩仍在从更困难的条件中恢复。</blockquote></p><p> The big question is how a couple of key aspects of Nike's business will balance out. On one hand, demand is soaring both in Nike's home North American market and overseas in key places like China. That could help support revenue and profit gains into the coming fiscal year. At the same time, though, prices for materials have been on the rise, and that in turn could present challenges to profit margins.</p><p><blockquote>最大的问题是耐克业务的几个关键方面将如何平衡。一方面，耐克的北美本土市场和中国等海外关键地区的需求都在飙升。这可能有助于支持下一财年的收入和利润增长。但与此同时，材料价格一直在上涨，这反过来可能会给利润率带来挑战。</blockquote></p><p> Nevertheless, Nike is looking to put its marketing machine to the test, with plenty of new product launches designed to stoke demand and give consumers a place to spend their savings. The success of those launches could well define the course of Nike's fiscal 2022, and that in turn could determine whether the stock can climb further after sizable gains over the past year or so.</p><p><blockquote>尽管如此，耐克正在寻求对其营销机器进行测试，推出大量新产品，旨在刺激需求并为消费者提供一个消费储蓄的地方。这些产品的成功很可能决定耐克2022财年的走势，进而决定该股在过去一年左右大幅上涨后能否进一步攀升。</blockquote></p><p> Be ready</p><p><blockquote>做好准备</blockquote></p><p> With so much uncertainty in the markets, key earnings reports can make or break the future direction for stocks. Market participants will watch releases from FedEx and Nike closely to find hints to where those two stocks -- and the entire market -- will move from here.</p><p><blockquote>由于市场存在如此多的不确定性，关键的收益报告可以决定股票的未来走向，也可以决定股票的未来走向。市场参与者将密切关注联邦快递和耐克的发布，以寻找这两只股票以及整个市场将走向何方的线索。</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>The Bull Market Depends on These 2 Must-Watch Stocks This Week<blockquote>牛市就看这2只本周必看股</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\">\nThe Bull Market Depends on These 2 Must-Watch Stocks This Week<blockquote>牛市就看这2只本周必看股</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">fool</strong><span class=\"h-time small\">2021-06-22 10:37</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The stock market has done exceptionally well in 2021, continuing to climb to all-time record highs amid strong hopes for a recovering economy. With the world starting to emerge from the COVID-19 pandemic, investors are excited about the prospects for things returning to how they were before the huge disruptions we've seen across the globe since early 2020. That excitement played out in major market benchmarks Monday morning, as the&nbsp;<b>Dow Jones Industrial Average</b>(DJINDICES:^DJI)climbed more than 500 points to 33,800, the&nbsp;<b>S&amp;P 500</b>(SNPINDEX:^GSPC)gained 47 points to 4,214, and the&nbsp;<b>Nasdaq Composite</b>(NASDAQINDEX:^IXIC)climbed 67 points to 14,098.</p><p><blockquote>2021年，股市表现异常出色，在经济复苏的强烈希望下，股市继续攀升至历史新高。随着世界开始摆脱新冠肺炎疫情，投资者对事情恢复到自2020年初以来我们在全球范围内看到的巨大破坏之前的前景感到兴奋。周一上午，这种兴奋情绪在主要市场基准中表现出来，因为<b>道琼斯工业平均指数</b>(DJINIndices：^DJI)攀升逾500点至33,800点，<b>标普500</b>(SNPINDEX：^GSPC)上涨47点至4,214点，而<b>纳斯达克复合材料</b>（纳斯达克指数：^IXIC）上涨67点至14,098点。</blockquote></p><p> Earnings season is always a good way to tell how individual companies are faring, but some businesses have more importance than others. Later this week, delivery specialist&nbsp;<b>FedEx</b>(NYSE:FDX)and athletic apparel giant&nbsp;<b>Nike</b>(NYSE:NKE)will give their latest readings on their corporate results. Both will have major implications not just for their own shareholders but for those following the broader economy as well.</p><p><blockquote>财报季始终是了解各个公司表现的好方法，但有些业务比其他业务更重要。本周晚些时候，送货专家<b>联邦快递</b>（纽约证券交易所代码：FDX）和运动服装巨头<b>耐克</b>（纽约证券交易所股票代码：NKE）将公布其公司业绩的最新数据。两者不仅会对自己的股东产生重大影响，也会对那些关注更广泛经济的人产生重大影响。</blockquote></p><p> Delivering for investors?</p><p><blockquote>为投资者送货？</blockquote></p><p> FedEx is set to report its latest results on Thursday, June 24. Investors are expecting big things from the company, but a lot more will depend on what FedEx says about what the future will bring.</p><p><blockquote>联邦快递将于6月24日星期四公布最新业绩。投资者对该公司寄予厚望，但更多的将取决于联邦快递对未来的看法。</blockquote></p><p> Given the hit that FedEx took this time last year, it should come as little surprise that those following the delivery giant are looking for a major rebound. Consensus estimates among those tracking FedEx see earnings nearly doubling from year-ago levels, with revenue slated to rise at a healthy 24% pace.</p><p><blockquote>鉴于联邦快递去年这个时候遭受的打击，那些关注这家快递巨头的人正在寻求大幅反弹也就不足为奇了。追踪联邦快递的人士一致估计，其盈利将比去年同期水平几乎翻一番，收入预计将以24%的健康速度增长。</blockquote></p><p> Indeed, in some ways,FedEx has too much of a good thing. Earlier this month, the company said it would cut service to some of its logistics customers who seek out less-than-truckload shipping services. The reason: Exceptionally strong demand was causing bottlenecks at key terminal locations that in turn were threatening to delay shipments. The issues aren't unique to FedEx, instead reflecting capacity constraints throughout the industry that are creating potential disruptions for customers seeking to get goods where they need to go.</p><p><blockquote>事实上，在某些方面，联邦快递有太多的好东西。本月早些时候，该公司表示将削减对一些寻求零担运输服务的物流客户的服务。原因是：异常强劲的需求导致关键码头地点出现瓶颈，进而威胁到发货延迟。这些问题并不是联邦快递独有的，而是反映了整个行业的产能限制，这些限制给寻求将货物送到需要去的地方的客户造成了潜在的干扰。</blockquote></p><p> Investors will want to pay particularly close attention to any guidance that FedEx gives for its fiscal 2022 year. After having seen so much e-commerce activity drive pandemic-related gains, a return to more typical business conditions could create a temporary pause in FedEx's growth. How much that appears in projections could in turn say a lot about whether the stock can return to its former upward trajectory.</p><p><blockquote>投资者将特别密切关注联邦快递为其2022财年提供的任何指导。在看到如此多的电子商务活动推动了与大流行相关的增长后，回归更典型的商业状况可能会导致联邦快递的增长暂时暂停。这一数字在预测中的出现程度反过来又可以在很大程度上说明该股是否能够回到以前的上升轨迹。</blockquote></p><p> Doing it</p><p><blockquote>正在做</blockquote></p><p> Nike is also slated to release its financial results on Thursday morning. Investors hope to see a significant reversal from last year's painful experience.</p><p><blockquote>耐克也定于周四上午发布财务业绩。投资者希望看到去年痛苦经历的重大逆转。</blockquote></p><p> Nike appears to be ready to get back on trackwith its quarterly results. Revenue is expected to soar more than 75% from year-ago levels, which reflected store closures and other disruptions related to the pandemic. Nike's earnings will likely reverse year-ago losses, although bottom-line performance is still in the process of recovering from more difficult conditions.</p><p><blockquote>耐克似乎已准备好通过季度业绩重回正轨。收入预计将比去年同期飙升75%以上，这反映了商店关闭和其他与大流行相关的干扰。耐克的盈利可能会扭转去年同期的亏损，尽管底线业绩仍在从更困难的条件中恢复。</blockquote></p><p> The big question is how a couple of key aspects of Nike's business will balance out. On one hand, demand is soaring both in Nike's home North American market and overseas in key places like China. That could help support revenue and profit gains into the coming fiscal year. At the same time, though, prices for materials have been on the rise, and that in turn could present challenges to profit margins.</p><p><blockquote>最大的问题是耐克业务的几个关键方面将如何平衡。一方面，耐克的北美本土市场和中国等海外关键地区的需求都在飙升。这可能有助于支持下一财年的收入和利润增长。但与此同时，材料价格一直在上涨，这反过来可能会给利润率带来挑战。</blockquote></p><p> Nevertheless, Nike is looking to put its marketing machine to the test, with plenty of new product launches designed to stoke demand and give consumers a place to spend their savings. The success of those launches could well define the course of Nike's fiscal 2022, and that in turn could determine whether the stock can climb further after sizable gains over the past year or so.</p><p><blockquote>尽管如此，耐克正在寻求对其营销机器进行测试，推出大量新产品，旨在刺激需求并为消费者提供一个消费储蓄的地方。这些产品的成功很可能决定耐克2022财年的走势，进而决定该股在过去一年左右大幅上涨后能否进一步攀升。</blockquote></p><p> Be ready</p><p><blockquote>做好准备</blockquote></p><p> With so much uncertainty in the markets, key earnings reports can make or break the future direction for stocks. Market participants will watch releases from FedEx and Nike closely to find hints to where those two stocks -- and the entire market -- will move from here.</p><p><blockquote>由于市场存在如此多的不确定性，关键的收益报告可以决定股票的未来走向，也可以决定股票的未来走向。市场参与者将密切关注联邦快递和耐克的发布，以寻找这两只股票以及整个市场将走向何方的线索。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/06/21/bull-market-depends-on-these-2-must-watch-stocks/\">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":{"FDX":"联邦快递","NKE":"耐克"},"source_url":"https://www.fool.com/investing/2021/06/21/bull-market-depends-on-these-2-must-watch-stocks/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1175304129","content_text":"The stock market has done exceptionally well in 2021, continuing to climb to all-time record highs amid strong hopes for a recovering economy. With the world starting to emerge from the COVID-19 pandemic, investors are excited about the prospects for things returning to how they were before the huge disruptions we've seen across the globe since early 2020. That excitement played out in major market benchmarks Monday morning, as the Dow Jones Industrial Average(DJINDICES:^DJI)climbed more than 500 points to 33,800, the S&P 500(SNPINDEX:^GSPC)gained 47 points to 4,214, and the Nasdaq Composite(NASDAQINDEX:^IXIC)climbed 67 points to 14,098.\nEarnings season is always a good way to tell how individual companies are faring, but some businesses have more importance than others. Later this week, delivery specialist FedEx(NYSE:FDX)and athletic apparel giant Nike(NYSE:NKE)will give their latest readings on their corporate results. Both will have major implications not just for their own shareholders but for those following the broader economy as well.\nDelivering for investors?\nFedEx is set to report its latest results on Thursday, June 24. Investors are expecting big things from the company, but a lot more will depend on what FedEx says about what the future will bring.\nGiven the hit that FedEx took this time last year, it should come as little surprise that those following the delivery giant are looking for a major rebound. Consensus estimates among those tracking FedEx see earnings nearly doubling from year-ago levels, with revenue slated to rise at a healthy 24% pace.\nIndeed, in some ways,FedEx has too much of a good thing. Earlier this month, the company said it would cut service to some of its logistics customers who seek out less-than-truckload shipping services. The reason: Exceptionally strong demand was causing bottlenecks at key terminal locations that in turn were threatening to delay shipments. The issues aren't unique to FedEx, instead reflecting capacity constraints throughout the industry that are creating potential disruptions for customers seeking to get goods where they need to go.\nInvestors will want to pay particularly close attention to any guidance that FedEx gives for its fiscal 2022 year. After having seen so much e-commerce activity drive pandemic-related gains, a return to more typical business conditions could create a temporary pause in FedEx's growth. How much that appears in projections could in turn say a lot about whether the stock can return to its former upward trajectory.\nDoing it\nNike is also slated to release its financial results on Thursday morning. Investors hope to see a significant reversal from last year's painful experience.\nNike appears to be ready to get back on trackwith its quarterly results. Revenue is expected to soar more than 75% from year-ago levels, which reflected store closures and other disruptions related to the pandemic. Nike's earnings will likely reverse year-ago losses, although bottom-line performance is still in the process of recovering from more difficult conditions.\nThe big question is how a couple of key aspects of Nike's business will balance out. On one hand, demand is soaring both in Nike's home North American market and overseas in key places like China. That could help support revenue and profit gains into the coming fiscal year. At the same time, though, prices for materials have been on the rise, and that in turn could present challenges to profit margins.\nNevertheless, Nike is looking to put its marketing machine to the test, with plenty of new product launches designed to stoke demand and give consumers a place to spend their savings. The success of those launches could well define the course of Nike's fiscal 2022, and that in turn could determine whether the stock can climb further after sizable gains over the past year or so.\nBe ready\nWith so much uncertainty in the markets, key earnings reports can make or break the future direction for stocks. Market participants will watch releases from FedEx and Nike closely to find hints to where those two stocks -- and the entire market -- will move from here.","news_type":1,"symbols_score_info":{"NKE":0.9,"FDX":0.9}},"isVote":1,"tweetType":1,"viewCount":3062,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":166238267,"gmtCreate":1624010688559,"gmtModify":1634024165476,"author":{"id":"3570960659889242","authorId":"3570960659889242","name":"Maxangelos","avatar":"https://static.tigerbbs.com/ccba3d2f1a7d2b8a82607de96d5c732b","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570960659889242","idStr":"3570960659889242"},"themes":[],"htmlText":"Yet it could be only time will tell","listText":"Yet it could be only time will tell","text":"Yet it could be only time will tell","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/166238267","repostId":"2144742013","repostType":4,"isVote":1,"tweetType":1,"viewCount":270,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}