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ConnieCD

ConnieCD

Connie

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2021-06-29

Wow

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2021-06-11

$ASML Holding NV(ASML)$[Happy] [Happy]

2021-06-02

Good 😌

Amazon: The Cash Will Come<blockquote>亚马逊：现金会来的</blockquote>

2021-06-02

Wow

Want To Invest In Gaming? Consider A ‘Poor Person’s Covered Call’ On Roblox<blockquote>想投资游戏吗？考虑Roblox上的“穷人承保看涨期权”</blockquote>

2021-06-02

Good

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2021-06-01

Wow

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2021-06-01

Wow

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2021-05-24

Ok

What Disney, Airbnb and DoorDash results reveal about the post-pandemic economy<blockquote>迪士尼、爱彼迎和DoorDash的业绩揭示了大流行后经济的哪些信息</blockquote>

2021-05-14

Wow

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2021-05-13

[LOL] [LOL] [LOL]

2021-05-11

Okie thanks

2021-05-06

MCD gg

2021-05-05

Best Buy

Why is dogecoin’s price spiking? The crypto has surged 11,000% in 2021<blockquote>狗狗币价格为何飙升？2021年加密货币飙升11,000%</blockquote>

2021-05-05

//@cheffun:Nice

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2021-05-05

Good new

Activision Blizzard Tops Q1 EPS by 28c; Raises Outlook<blockquote>动视暴雪第一季度每股收益高出28美分；上调前景</blockquote>

2021-05-05

Best Buy

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2021-05-04

👌

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2021-05-04

👌

Alfi seeks to rise $15.5M in IPO; Nasdaq trading to commence on May 4<blockquote>Alfi寻求通过IPO筹集1550万美元；纳斯达克交易将于5月4日开始</blockquote>

2021-05-02

👍🏼

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2021-05-02

Gd

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"htmlText":"Wow&nbsp;","listText":"Wow&nbsp;","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/159486650","repostId":"2146388793","repostType":4,"isVote":1,"tweetType":1,"viewCount":1905,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":188978806,"gmtCreate":1623420573705,"gmtModify":1631885045773,"author":{"id":"3571392409099070","authorId":"3571392409099070","name":"ConnieCD","avatar":"https://static.tigerbbs.com/915b685005c69f07e82d31330014218b","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571392409099070","authorIdStr":"3571392409099070"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/ASML\">$ASML Holding NV(ASML)$</a>[Happy]&nbsp;[Happy]&nbsp;","listText":"<a href=\"https://laohu8.com/S/ASML\">$ASML Holding NV(ASML)$</a>[Happy]&nbsp;[Happy]&nbsp;","text":"$ASML Holding NV(ASML)$[Happy] [Happy]","images":[{"img":"https://static.tigerbbs.com/b6fabb25fab81d47b10993cb34bd9a12","width":"1284","height":"2223"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/188978806","isVote":1,"tweetType":1,"viewCount":1492,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":111028799,"gmtCreate":1622645186911,"gmtModify":1634099611221,"author":{"id":"3571392409099070","authorId":"3571392409099070","name":"ConnieCD","avatar":"https://static.tigerbbs.com/915b685005c69f07e82d31330014218b","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571392409099070","authorIdStr":"3571392409099070"},"themes":[],"htmlText":"Good 😌&nbsp;","listText":"Good 😌&nbsp;","text":"Good 😌","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/111028799","repostId":"1139790754","repostType":4,"repost":{"id":"1139790754","kind":"news","pubTimestamp":1622642200,"share":"https://www.laohu8.com/m/news/1139790754?lang=zh_CN&edition=full","pubTime":"2021-06-02 21:56","market":"us","language":"en","title":"Amazon: The Cash Will Come<blockquote>亚马逊：现金会来的</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1139790754","media":"seekingalpha","summary":"Summary\n\nAlthough Amazon benefited from COVID-induced shutdowns, the best is yet to come for free ca","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Although Amazon benefited from COVID-induced shutdowns, the best is yet to come for free cash flow.</li>  <li>Lagging free cash flow growth in 2020 and 2021 is due to investment to support growth, going after massive opportunities.</li>  <li>After lagging the market, the company is trading at an attractive valuation.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8a085447e5042d959bca14408fd50b9d\" tg-width=\"768\" tg-height=\"512\"><span>Photo by Bet_Noire/iStock via Getty Images</span></p><p><blockquote><ul><li>尽管亚马逊受益于新冠疫情引发的停工，但自由现金流的最佳状态尚未到来。</li><li>2020年和2021年自由现金流增长滞后是由于支持增长的投资，追求大量机会。</li><li>在落后于市场之后，该公司的估值颇具吸引力。</li></ul><p class=\"t-img-caption\"><span>摄影：Bet_Noire/iStock，来自Getty Images</span></p></blockquote></p><p> Short-sighted investors are selling Amazon (AMZN), which has been a massive beneficiary of the COVID shutdowns, to fund dubious reopening plays like General Electric (GE) and Nucor (NUE). As a result, Amazon has lagged the market year-to-date and is now trading at an attractive valuation.</p><p><blockquote>短视的投资者正在出售亚马逊（AMZN），该公司一直是新冠疫情停工的巨大受益者，以资助通用电气（GE）和纽柯钢铁（NUE）等可疑的重新开业公司。因此，亚马逊今年迄今一直落后于市场，目前的估值颇具吸引力。</blockquote></p><p> Although Amazon's revenue and EPS has benefited tremendously from COVID, free cash flow has not. After the current spending cycle winds down, Amazon seems poised to experience an explosion of free cash flow by 2022 and 2023. After all, it is the cash that the company gets to keep for investors that makes the company powerful and investors rich.</p><p><blockquote>尽管亚马逊的收入和每股收益从新冠疫情中受益匪浅，但自由现金流却没有。在当前的支出周期结束后，亚马逊似乎准备在2022年和2023年经历自由现金流的爆炸式增长。毕竟，正是公司为投资者保留的现金让公司变得强大，投资者变得富有。</blockquote></p><p> <b>COVID Beneficiary</b></p><p><blockquote><b>COVID受益人</b></blockquote></p><p> Amazon has been a massive beneficiary of COVID. The company generated $386 billion of revenue in 2020, up 37.6% y/y. This Amazon's fastest growth rate since 2011, even including the inorganic contribution to growth in 2017 and 2018 when it&nbsp;acquired&nbsp;Whole Foods. Amazingly, the last time the company grew faster was in 2011 when the company generated \"only\" $48 billion in revenue. Who said elephants can't dance?</p><p><blockquote>亚马逊一直是新冠疫情的巨大受益者。该公司2020年收入为3860亿美元，同比增长37.6%。这是亚马逊自2011年以来最快的增速，甚至包括2017年和2018年收购全食超市时对增长的无机贡献。令人惊讶的是，该公司上一次增长更快是在2011年，当时该公司“仅”创造了480亿美元的收入。谁说大象不会跳舞？</blockquote></p><p> In 2020, Amazon's e-commerce businesses experienced accelerated revenue growth:</p><p><blockquote>2020年，亚马逊电商业务收入加速增长：</blockquote></p><p> <ul>  <li>3rd Party Seller Services increased 49.6% to $80.4 billion.</li>  <li>Online stores increased 39.7% to $197 billion.</li> </ul> In 2020, the company's other businesses continued to decelerate, though likely at a lower deceleration than without COVID:</p><p><blockquote><ul><li>第三方卖家服务增长49.6%，达到804亿美元。</li><li>在线商店增长39.7%，达到1970亿美元。</li></ul>2020年，该公司的其他业务继续减速，尽管减速可能低于没有新冠疫情的情况：</blockquote></p><p> <ul>  <li>Subscription Services grew 31.2% y/y $25.2 billion, a 4.4% point y/y deceleration vs. a 10.1% point deceleration the prior year.</li>  <li>AWS grew 29.5% to $45.4 billion, a 7% point y/y deceleration vs. a 10.5% point deceleration the prior year.</li> </ul> Physical stores, not surprisingly, is the only business that got hurt by COVID, declining 5.6% to $16.2 billion. A 5.6% decline isn't even that bad, and this business is a drop in the bucket given Amazon's total revenue of $489 billion in 2020.</p><p><blockquote><ul><li>订阅服务同比增长31.2%，达到252亿美元，同比下降4.4%，而上年下降10.1%。</li><li>AWS增长29.5%，达到454亿美元，同比下降7%，而上一年下降10.5%。</li></ul>毫不奇怪，实体店是唯一受到新冠疫情影响的业务，下降了5.6%，至162亿美元。5.6%的下降甚至没有那么糟糕，考虑到亚马逊2020年4890亿美元的总收入，这项业务只是杯水车薪。</blockquote></p><p> The COVID benefits largely extended into 2021 as consensus estimates put 2021 revenue growth at a robust 26.9% on top of tough comps.</p><p><blockquote>新冠疫情带来的好处很大程度上延续到了2021年，因为市场普遍预测2021年收入增长将达到26.9%，高于严峻的业绩。</blockquote></p><p> The company saw an even bigger increase in accounting profits. Operating income expanded to 5.9% in 2020, a 70 bps y/y expansion. It is important to note that excluding one-time $11.5 billion COVID-related expenses in 2020, Amazon's operating margin would have been 8.9% rather than the reported 5.9%.</p><p><blockquote>该公司的会计利润增幅更大。2020年营业收入增长至5.9%，同比增长70个基点。值得注意的是，排除2020年一次性115亿美元的新冠相关费用，亚马逊的营业利润率将为8.9%，而不是报道的5.9%。</blockquote></p><p> GAAP EPS grew an incredible 81.8% y/y to $41.83 per share.</p><p><blockquote>GAAP每股收益同比增长81.8%，达到每股41.83美元，令人难以置信。</blockquote></p><p> <b>Where Is My Money?</b></p><p><blockquote><b>我的钱呢？</b></blockquote></p><p> Although revenue grow 37.6% y/y and EPS grew 81.8% y/y in 2020, free cash flow growth lagged materially, growing only 20.1% y/y. 2021 is expected to be worse, with free cash flow expected to grow only 16.9%, just half the growth rate of its expected EPS growth that year.</p><p><blockquote>尽管2020年收入同比增长37.6%，每股收益同比增长81.8%，但自由现金流增长大幅滞后，仅同比增长20.1%。预计2021年的情况会更糟，自由现金流预计仅增长16.9%，仅为当年EPS预期增速的一半。</blockquote></p><p> This because capital expenditure (\"Capex\") increased an incredible 176% y/y in 2020 to over $35 billion. This the largest y/y growth since at least 2007. In terms of absolute numbers, 2020 deployed an incremental $22 billion- an absolutely mind-boggling amount. Capex is expected to remain elevated in 2021, growing another 16% y/y to $41 billion.</p><p><blockquote>这是因为资本支出（“资本支出”）在2020年同比增长了令人难以置信的176%，达到超过350亿美元。这是至少自2007年以来最大的同比增长。就绝对数字而言，2020年部署了220亿美元的增量——这绝对是一个令人难以置信的数字。预计2021年资本支出将保持高位，同比再增长16%，达到410亿美元。</blockquote></p><p> On top of all this spending, the company, on May 26, Amazon&nbsp;announced&nbsp;the acquisition of MGM Studios for $8.45 billion. I can see conservative, old-school investors' heads about to explode- but relax.</p><p><blockquote>除了所有这些支出之外，该公司还于5月26日宣布以84.5亿美元收购米高梅影业。我可以看到保守、老派的投资者的头即将爆炸——但请放松。</blockquote></p><p> <b>The Spending and Free Cash Flow Cycle</b></p><p><blockquote><b>支出和自由现金流周期</b></blockquote></p><p> In my 2017 article,<i>Amazon Bears Will Get Crushed</i>, I addressed the same investor concern that Amazon is spending too much money, although the spending is at a much, much greater scale today.</p><p><blockquote>在我2017年的文章中，<i>亚马逊空头将被压垮</i>，我解决了投资者同样的担忧，即亚马逊花了太多钱，尽管今天的支出规模要大得多。</blockquote></p><p> Back in 2017, investors were worried about Amazon's ramped up investments. In a nutshell, my argument was that investors should differentiate between investments going after large opportunities and a bloated cost structure. Generally speaking, unexpected expenses are bad, and - assuming that you trust management's ability - unexpected investments are good. If Warren Buffett said, \"I thought I was going to deploy $20 billion, but an opportunity came up where I can deploy $60 billion\", investors would be ecstatic. That opportunity, for Amazon, was the COVID-induced surge in demand.</p><p><blockquote>早在2017年，投资者就对亚马逊加大投资感到担忧。简而言之，我的观点是，投资者应该区分追求巨大机会的投资和臃肿的成本结构。一般来说，意外开支是不好的，而——假设你信任管理层的能力——意外投资是好的。如果沃伦·巴菲特说，“我以为我要部署200亿美元，但一个机会出现了，我可以部署600亿美元”，投资者会欣喜若狂。对于亚马逊来说，这个机会就是新冠疫情引发的需求激增。</blockquote></p><p> Relax, a surge in spending tends to be followed by years of moderate spending growth. After my 2017 article was published, 2018 and 2019 saw Capex growth of only 12-13% per year, while free cash flow grew 132% y/y in 2018 and 33% in 2019.</p><p><blockquote>放松一下，支出激增之后往往会出现多年的适度支出增长。我2017年的文章发表后，2018年和2019年的资本支出每年仅增长12-13%，而自由现金流2018年同比增长132%，2019年同比增长33%。</blockquote></p><p></p><p> We can see the same cycle in the 2010 - 2015 period. In 2010, Capex surged 163% y/y, then another 85% in 2011, and another 109% in 2012. Looking back, these were puny numbers in the low-single-digit of billions per year of Capex, which of course played a key role in supporting Amazon's future growth. However, in the subsequent three years, 2013 through 2015, Capex grew only 21%-<i>cumulatively</i>.</p><p><blockquote>我们可以在2010-2015年期间看到同样的周期。2010年，资本支出同比飙升163%，2011年又飙升85%，2012年又飙升109%。回顾过去，在每年数十亿美元的低个位数资本支出中，这些数字微不足道，这当然在支持亚马逊未来的增长方面发挥了关键作用。然而，在随后的三年（2013年至2015年）中，资本支出仅增长了21%——<i>累计</i>.</blockquote></p><p> By 2015, free cash flow exploded 276% to $7.3 billion, higher than the highest the company has ever generated until then by a factor of two to three.</p><p><blockquote>到2015年，自由现金流猛增276%，达到73亿美元，比该公司此前产生的最高水平高出两到三倍。</blockquote></p><p> Wall Street is expecting the same cycle to play out this time around. In 2022, free cash flow is expected to grow 58% y/y as Capex growth moderates to +3%. In 2023, free cash flow is expected to grow another 44% to a record $82.6 billion as Capex growth is expected to remain low at +2% y/y.</p><p><blockquote>华尔街预计这次也会出现同样的周期。2022年，随着资本支出增长放缓至+3%，自由现金流预计将同比增长58%。2023年，自由现金流预计将再增长44%，达到创纪录的826亿美元，因为资本支出增长预计将保持在+2%的低位。</blockquote></p><p> <b>The Market Opportunity</b></p><p><blockquote><b>市场机遇</b></blockquote></p><p> Some investors may take a little more convincing to get comfortable with those huge projected free cash flow numbers. $83 billion of free cash flow by 2023 is almost three times its 2020's free cash flow of $31 billion- already its highest ever. And an incremental $22 billion of Capex deployed in 2020 is a massive number.</p><p><blockquote>一些投资者可能需要更多的说服力才能适应这些巨大的预计自由现金流数字。到2023年，自由现金流将达到830亿美元，几乎是2020年自由现金流310亿美元的三倍，这已经是有史以来的最高水平。2020年部署的资本支出增量为220亿美元，这是一个巨大的数字。</blockquote></p><p> The market opportunity, however, is much more massive.</p><p><blockquote>然而，市场机会要大得多。</blockquote></p><p> Amazon's&nbsp;share&nbsp;of US e-commerce is approximately 50%. That is high, but the US retail market is sized at over $5 trillion, and Amazon has around a 9% share of the entire retail market, and only 3.3% of consumer spending. The company is poised to gain share as it adds greater convenience, more competitive prices and greater selection.</p><p><blockquote>亚马逊在美国电商的份额约为50%。这个数字很高，但美国零售市场规模超过5万亿美元，亚马逊约占整个零售市场的9%，仅占消费者支出的3.3%。该公司有望获得份额，因为它增加了更大的便利性、更具竞争力的价格和更多的选择。</blockquote></p><p> Amazon is aggressively going after the much larger global retail market, which is&nbsp;sized&nbsp;at approximately $25 trillion. Amazon's expected 2021 revenue of $490 billion is less than 2% of the global opportunity.</p><p><blockquote>亚马逊正在积极进军规模大得多的全球零售市场，该市场规模约为25万亿美元。亚马逊预计2021年收入4900亿美元，不到全球机会的2%。</blockquote></p><p> A large portion of Amazon's increase in Capex went to expanding the infrastructure necessary to meet the surge in e-commerce demand. For example, in 2020, Amazon grew its fulfillment square footage by 50% y/y.</p><p><blockquote>亚马逊资本支出增长的很大一部分用于扩大满足电子商务需求激增所需的基础设施。例如，2020年，亚马逊的履行面积同比增长了50%。</blockquote></p><p> Another areas of spending is to support AWS, which is Capex intensive but highly profitable. At just 12% of 2020's revenue, AWS accounted for over 50% of the company's operating income.</p><p><blockquote>另一个支出领域是支持AWS，这是资本支出密集型但利润很高。AWS仅占2020年收入的12%，却占公司营业收入的50%以上。</blockquote></p><p> The global cloud computing market is&nbsp;expected&nbsp;to grow from $371.4 billion in 2020 to $832.1 billion by 2025, at a CAGR of 17.5%. Amazon's AWS generated $59 billion of revenue in 2020 and is expected to grow 31% in 2021 and 25% in 2023. This means AWS has less than 20% market share and is expected to take market share going forward.</p><p><blockquote>全球云计算市场预计将从2020年的3714亿美元增长到2025年的8321亿美元，CAGR为17.5%。亚马逊的AWS在2020年创造了590亿美元的收入，预计2021年和2023年将分别增长31%和25%。这意味着AWS的市场份额不到20%，预计未来将占据市场份额。</blockquote></p><p> If Amazon has an opportunity to deploy more capital to support this highly profitable and rapidly growing business, thatis all great news to me.</p><p><blockquote>如果亚马逊有机会部署更多资本来支持这项高利润且快速增长的业务，这对我来说都是个好消息。</blockquote></p><p> Management does not tell us exactly how the Capex is allocated and what the returns could look like. I don't think it is possible as an outsider to estimate the expected return of the incremental investments in retail (e-commerce, physical stores, subscription, etc.) vs. business services (AWS, advertising, etc.), because it would require that we analyze the company as separate businesses.</p><p><blockquote>管理层没有告诉我们资本支出的确切分配方式以及回报可能是什么样子。我认为作为一个局外人不可能估计零售（电商、实体店、订阅等）增量投资的预期回报。）vs.商业服务（AWS、广告等。），因为这需要我们将公司作为独立的业务进行分析。</blockquote></p><p> Amazon is one giant flywheel that cannot be separated into partsany more than you can separate a turtle from its shell. For example, without the traffic generated by its retail business, advertising would not be possible. This obvious. Less obvious is that fact that AWS began as an e-commerce tool, way before it became the public cloud company giant it is today. And although seemingly different on the surface, both Amazon.com and AWS are at its core IT infrastructure platforms at scale. In addition, Amazon's other major initiatives, such as Alexa and streaming, are joined at the hip with e-commerce by Prime membership.</p><p><blockquote>亚马逊是一个巨大的飞轮，它不能分成几个部分，就像你不能把一只乌龟和它的壳分开一样。例如，如果没有零售业务产生的流量，广告就不可能投放。这很明显。不太明显的是，AWS最初是一个电子商务工具，远在它成为今天的公共云公司巨头之前。尽管表面上看起来不同，但亚马逊和AWS都是其核心IT基础设施平台。此外，亚马逊的其他重大举措，如Alexa和流媒体，也通过Prime会员与电子商务紧密相连。</blockquote></p><p> But we do know one thing: the opportunity for continued growth is massive.</p><p><blockquote>但我们确实知道一件事：持续增长的机会是巨大的。</blockquote></p><p> <b>Valuation</b></p><p><blockquote><b>估值</b></blockquote></p><p> Like most growth stocks, Amazon lagged the market so far this year, and valuation is looking attractive.</p><p><blockquote>与大多数成长型股票一样，亚马逊今年迄今为止落后于市场，估值看起来很有吸引力。</blockquote></p><p> Currently, Amazon is trading at 52 times forward EPS, down from 112 times in July 2020. The stock is trading at a 140% premium to the S&amp;P 500, the lowest in 5 years.</p><p><blockquote>目前，亚马逊的预期每股收益为52倍，低于2020年7月的112倍。该股的交易价格较标普500溢价140%，为5年来最低。</blockquote></p><p> On free cash flow yield, Amazon is yielding 2.6% forward free cash flow, which is towards the low end of its 5-year range. If we believe in the Capex and free cash flow cycle, the stock looks attractively valued.</p><p><blockquote>就自由现金流收益率而言，亚马逊的远期自由现金流收益率为2.6%，接近其5年期范围的低端。如果我们相信资本支出和自由现金流周期，那么该股的估值看起来很有吸引力。</blockquote></p><p> <b>Takeaway</b></p><p><blockquote><b>外卖</b></blockquote></p><p> Although Amazon benefited from COVID-induced shutdowns, the best is yet to come for free cash flow. After lagging the market, the company is trading at an attractive valuation given the large growth opportunities ahead of it, and the potential explosion in free cash flow in 2022 and 2023.</p><p><blockquote>尽管亚马逊受益于新冠疫情引发的停工，但自由现金流的最佳状态尚未到来。在落后于市场之后，考虑到未来巨大的增长机会以及2022年和2023年自由现金流的潜在爆炸式增长，该公司的估值具有吸引力。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Amazon: The Cash Will Come<blockquote>亚马逊：现金会来的</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmazon: The Cash Will Come<blockquote>亚马逊：现金会来的</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">seekingalpha</strong><span class=\"h-time small\">2021-06-02 21:56</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Although Amazon benefited from COVID-induced shutdowns, the best is yet to come for free cash flow.</li>  <li>Lagging free cash flow growth in 2020 and 2021 is due to investment to support growth, going after massive opportunities.</li>  <li>After lagging the market, the company is trading at an attractive valuation.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8a085447e5042d959bca14408fd50b9d\" tg-width=\"768\" tg-height=\"512\"><span>Photo by Bet_Noire/iStock via Getty Images</span></p><p><blockquote><ul><li>尽管亚马逊受益于新冠疫情引发的停工，但自由现金流的最佳状态尚未到来。</li><li>2020年和2021年自由现金流增长滞后是由于支持增长的投资，追求大量机会。</li><li>在落后于市场之后，该公司的估值颇具吸引力。</li></ul><p class=\"t-img-caption\"><span>摄影：Bet_Noire/iStock，来自Getty Images</span></p></blockquote></p><p> Short-sighted investors are selling Amazon (AMZN), which has been a massive beneficiary of the COVID shutdowns, to fund dubious reopening plays like General Electric (GE) and Nucor (NUE). As a result, Amazon has lagged the market year-to-date and is now trading at an attractive valuation.</p><p><blockquote>短视的投资者正在出售亚马逊（AMZN），该公司一直是新冠疫情停工的巨大受益者，以资助通用电气（GE）和纽柯钢铁（NUE）等可疑的重新开业公司。因此，亚马逊今年迄今一直落后于市场，目前的估值颇具吸引力。</blockquote></p><p> Although Amazon's revenue and EPS has benefited tremendously from COVID, free cash flow has not. After the current spending cycle winds down, Amazon seems poised to experience an explosion of free cash flow by 2022 and 2023. After all, it is the cash that the company gets to keep for investors that makes the company powerful and investors rich.</p><p><blockquote>尽管亚马逊的收入和每股收益从新冠疫情中受益匪浅，但自由现金流却没有。在当前的支出周期结束后，亚马逊似乎准备在2022年和2023年经历自由现金流的爆炸式增长。毕竟，正是公司为投资者保留的现金让公司变得强大，投资者变得富有。</blockquote></p><p> <b>COVID Beneficiary</b></p><p><blockquote><b>COVID受益人</b></blockquote></p><p> Amazon has been a massive beneficiary of COVID. The company generated $386 billion of revenue in 2020, up 37.6% y/y. This Amazon's fastest growth rate since 2011, even including the inorganic contribution to growth in 2017 and 2018 when it&nbsp;acquired&nbsp;Whole Foods. Amazingly, the last time the company grew faster was in 2011 when the company generated \"only\" $48 billion in revenue. Who said elephants can't dance?</p><p><blockquote>亚马逊一直是新冠疫情的巨大受益者。该公司2020年收入为3860亿美元，同比增长37.6%。这是亚马逊自2011年以来最快的增速，甚至包括2017年和2018年收购全食超市时对增长的无机贡献。令人惊讶的是，该公司上一次增长更快是在2011年，当时该公司“仅”创造了480亿美元的收入。谁说大象不会跳舞？</blockquote></p><p> In 2020, Amazon's e-commerce businesses experienced accelerated revenue growth:</p><p><blockquote>2020年，亚马逊电商业务收入加速增长：</blockquote></p><p> <ul>  <li>3rd Party Seller Services increased 49.6% to $80.4 billion.</li>  <li>Online stores increased 39.7% to $197 billion.</li> </ul> In 2020, the company's other businesses continued to decelerate, though likely at a lower deceleration than without COVID:</p><p><blockquote><ul><li>第三方卖家服务增长49.6%，达到804亿美元。</li><li>在线商店增长39.7%，达到1970亿美元。</li></ul>2020年，该公司的其他业务继续减速，尽管减速可能低于没有新冠疫情的情况：</blockquote></p><p> <ul>  <li>Subscription Services grew 31.2% y/y $25.2 billion, a 4.4% point y/y deceleration vs. a 10.1% point deceleration the prior year.</li>  <li>AWS grew 29.5% to $45.4 billion, a 7% point y/y deceleration vs. a 10.5% point deceleration the prior year.</li> </ul> Physical stores, not surprisingly, is the only business that got hurt by COVID, declining 5.6% to $16.2 billion. A 5.6% decline isn't even that bad, and this business is a drop in the bucket given Amazon's total revenue of $489 billion in 2020.</p><p><blockquote><ul><li>订阅服务同比增长31.2%，达到252亿美元，同比下降4.4%，而上年下降10.1%。</li><li>AWS增长29.5%，达到454亿美元，同比下降7%，而上一年下降10.5%。</li></ul>毫不奇怪，实体店是唯一受到新冠疫情影响的业务，下降了5.6%，至162亿美元。5.6%的下降甚至没有那么糟糕，考虑到亚马逊2020年4890亿美元的总收入，这项业务只是杯水车薪。</blockquote></p><p> The COVID benefits largely extended into 2021 as consensus estimates put 2021 revenue growth at a robust 26.9% on top of tough comps.</p><p><blockquote>新冠疫情带来的好处很大程度上延续到了2021年，因为市场普遍预测2021年收入增长将达到26.9%，高于严峻的业绩。</blockquote></p><p> The company saw an even bigger increase in accounting profits. Operating income expanded to 5.9% in 2020, a 70 bps y/y expansion. It is important to note that excluding one-time $11.5 billion COVID-related expenses in 2020, Amazon's operating margin would have been 8.9% rather than the reported 5.9%.</p><p><blockquote>该公司的会计利润增幅更大。2020年营业收入增长至5.9%，同比增长70个基点。值得注意的是，排除2020年一次性115亿美元的新冠相关费用，亚马逊的营业利润率将为8.9%，而不是报道的5.9%。</blockquote></p><p> GAAP EPS grew an incredible 81.8% y/y to $41.83 per share.</p><p><blockquote>GAAP每股收益同比增长81.8%，达到每股41.83美元，令人难以置信。</blockquote></p><p> <b>Where Is My Money?</b></p><p><blockquote><b>我的钱呢？</b></blockquote></p><p> Although revenue grow 37.6% y/y and EPS grew 81.8% y/y in 2020, free cash flow growth lagged materially, growing only 20.1% y/y. 2021 is expected to be worse, with free cash flow expected to grow only 16.9%, just half the growth rate of its expected EPS growth that year.</p><p><blockquote>尽管2020年收入同比增长37.6%，每股收益同比增长81.8%，但自由现金流增长大幅滞后，仅同比增长20.1%。预计2021年的情况会更糟，自由现金流预计仅增长16.9%，仅为当年EPS预期增速的一半。</blockquote></p><p> This because capital expenditure (\"Capex\") increased an incredible 176% y/y in 2020 to over $35 billion. This the largest y/y growth since at least 2007. In terms of absolute numbers, 2020 deployed an incremental $22 billion- an absolutely mind-boggling amount. Capex is expected to remain elevated in 2021, growing another 16% y/y to $41 billion.</p><p><blockquote>这是因为资本支出（“资本支出”）在2020年同比增长了令人难以置信的176%，达到超过350亿美元。这是至少自2007年以来最大的同比增长。就绝对数字而言，2020年部署了220亿美元的增量——这绝对是一个令人难以置信的数字。预计2021年资本支出将保持高位，同比再增长16%，达到410亿美元。</blockquote></p><p> On top of all this spending, the company, on May 26, Amazon&nbsp;announced&nbsp;the acquisition of MGM Studios for $8.45 billion. I can see conservative, old-school investors' heads about to explode- but relax.</p><p><blockquote>除了所有这些支出之外，该公司还于5月26日宣布以84.5亿美元收购米高梅影业。我可以看到保守、老派的投资者的头即将爆炸——但请放松。</blockquote></p><p> <b>The Spending and Free Cash Flow Cycle</b></p><p><blockquote><b>支出和自由现金流周期</b></blockquote></p><p> In my 2017 article,<i>Amazon Bears Will Get Crushed</i>, I addressed the same investor concern that Amazon is spending too much money, although the spending is at a much, much greater scale today.</p><p><blockquote>在我2017年的文章中，<i>亚马逊空头将被压垮</i>，我解决了投资者同样的担忧，即亚马逊花了太多钱，尽管今天的支出规模要大得多。</blockquote></p><p> Back in 2017, investors were worried about Amazon's ramped up investments. In a nutshell, my argument was that investors should differentiate between investments going after large opportunities and a bloated cost structure. Generally speaking, unexpected expenses are bad, and - assuming that you trust management's ability - unexpected investments are good. If Warren Buffett said, \"I thought I was going to deploy $20 billion, but an opportunity came up where I can deploy $60 billion\", investors would be ecstatic. That opportunity, for Amazon, was the COVID-induced surge in demand.</p><p><blockquote>早在2017年，投资者就对亚马逊加大投资感到担忧。简而言之，我的观点是，投资者应该区分追求巨大机会的投资和臃肿的成本结构。一般来说，意外开支是不好的，而——假设你信任管理层的能力——意外投资是好的。如果沃伦·巴菲特说，“我以为我要部署200亿美元，但一个机会出现了，我可以部署600亿美元”，投资者会欣喜若狂。对于亚马逊来说，这个机会就是新冠疫情引发的需求激增。</blockquote></p><p> Relax, a surge in spending tends to be followed by years of moderate spending growth. After my 2017 article was published, 2018 and 2019 saw Capex growth of only 12-13% per year, while free cash flow grew 132% y/y in 2018 and 33% in 2019.</p><p><blockquote>放松一下，支出激增之后往往会出现多年的适度支出增长。我2017年的文章发表后，2018年和2019年的资本支出每年仅增长12-13%，而自由现金流2018年同比增长132%，2019年同比增长33%。</blockquote></p><p></p><p> We can see the same cycle in the 2010 - 2015 period. In 2010, Capex surged 163% y/y, then another 85% in 2011, and another 109% in 2012. Looking back, these were puny numbers in the low-single-digit of billions per year of Capex, which of course played a key role in supporting Amazon's future growth. However, in the subsequent three years, 2013 through 2015, Capex grew only 21%-<i>cumulatively</i>.</p><p><blockquote>我们可以在2010-2015年期间看到同样的周期。2010年，资本支出同比飙升163%，2011年又飙升85%，2012年又飙升109%。回顾过去，在每年数十亿美元的低个位数资本支出中，这些数字微不足道，这当然在支持亚马逊未来的增长方面发挥了关键作用。然而，在随后的三年（2013年至2015年）中，资本支出仅增长了21%——<i>累计</i>.</blockquote></p><p> By 2015, free cash flow exploded 276% to $7.3 billion, higher than the highest the company has ever generated until then by a factor of two to three.</p><p><blockquote>到2015年，自由现金流猛增276%，达到73亿美元，比该公司此前产生的最高水平高出两到三倍。</blockquote></p><p> Wall Street is expecting the same cycle to play out this time around. In 2022, free cash flow is expected to grow 58% y/y as Capex growth moderates to +3%. In 2023, free cash flow is expected to grow another 44% to a record $82.6 billion as Capex growth is expected to remain low at +2% y/y.</p><p><blockquote>华尔街预计这次也会出现同样的周期。2022年，随着资本支出增长放缓至+3%，自由现金流预计将同比增长58%。2023年，自由现金流预计将再增长44%，达到创纪录的826亿美元，因为资本支出增长预计将保持在+2%的低位。</blockquote></p><p> <b>The Market Opportunity</b></p><p><blockquote><b>市场机遇</b></blockquote></p><p> Some investors may take a little more convincing to get comfortable with those huge projected free cash flow numbers. $83 billion of free cash flow by 2023 is almost three times its 2020's free cash flow of $31 billion- already its highest ever. And an incremental $22 billion of Capex deployed in 2020 is a massive number.</p><p><blockquote>一些投资者可能需要更多的说服力才能适应这些巨大的预计自由现金流数字。到2023年，自由现金流将达到830亿美元，几乎是2020年自由现金流310亿美元的三倍，这已经是有史以来的最高水平。2020年部署的资本支出增量为220亿美元，这是一个巨大的数字。</blockquote></p><p> The market opportunity, however, is much more massive.</p><p><blockquote>然而，市场机会要大得多。</blockquote></p><p> Amazon's&nbsp;share&nbsp;of US e-commerce is approximately 50%. That is high, but the US retail market is sized at over $5 trillion, and Amazon has around a 9% share of the entire retail market, and only 3.3% of consumer spending. The company is poised to gain share as it adds greater convenience, more competitive prices and greater selection.</p><p><blockquote>亚马逊在美国电商的份额约为50%。这个数字很高，但美国零售市场规模超过5万亿美元，亚马逊约占整个零售市场的9%，仅占消费者支出的3.3%。该公司有望获得份额，因为它增加了更大的便利性、更具竞争力的价格和更多的选择。</blockquote></p><p> Amazon is aggressively going after the much larger global retail market, which is&nbsp;sized&nbsp;at approximately $25 trillion. Amazon's expected 2021 revenue of $490 billion is less than 2% of the global opportunity.</p><p><blockquote>亚马逊正在积极进军规模大得多的全球零售市场，该市场规模约为25万亿美元。亚马逊预计2021年收入4900亿美元，不到全球机会的2%。</blockquote></p><p> A large portion of Amazon's increase in Capex went to expanding the infrastructure necessary to meet the surge in e-commerce demand. For example, in 2020, Amazon grew its fulfillment square footage by 50% y/y.</p><p><blockquote>亚马逊资本支出增长的很大一部分用于扩大满足电子商务需求激增所需的基础设施。例如，2020年，亚马逊的履行面积同比增长了50%。</blockquote></p><p> Another areas of spending is to support AWS, which is Capex intensive but highly profitable. At just 12% of 2020's revenue, AWS accounted for over 50% of the company's operating income.</p><p><blockquote>另一个支出领域是支持AWS，这是资本支出密集型但利润很高。AWS仅占2020年收入的12%，却占公司营业收入的50%以上。</blockquote></p><p> The global cloud computing market is&nbsp;expected&nbsp;to grow from $371.4 billion in 2020 to $832.1 billion by 2025, at a CAGR of 17.5%. Amazon's AWS generated $59 billion of revenue in 2020 and is expected to grow 31% in 2021 and 25% in 2023. This means AWS has less than 20% market share and is expected to take market share going forward.</p><p><blockquote>全球云计算市场预计将从2020年的3714亿美元增长到2025年的8321亿美元，CAGR为17.5%。亚马逊的AWS在2020年创造了590亿美元的收入，预计2021年和2023年将分别增长31%和25%。这意味着AWS的市场份额不到20%，预计未来将占据市场份额。</blockquote></p><p> If Amazon has an opportunity to deploy more capital to support this highly profitable and rapidly growing business, thatis all great news to me.</p><p><blockquote>如果亚马逊有机会部署更多资本来支持这项高利润且快速增长的业务，这对我来说都是个好消息。</blockquote></p><p> Management does not tell us exactly how the Capex is allocated and what the returns could look like. I don't think it is possible as an outsider to estimate the expected return of the incremental investments in retail (e-commerce, physical stores, subscription, etc.) vs. business services (AWS, advertising, etc.), because it would require that we analyze the company as separate businesses.</p><p><blockquote>管理层没有告诉我们资本支出的确切分配方式以及回报可能是什么样子。我认为作为一个局外人不可能估计零售（电商、实体店、订阅等）增量投资的预期回报。）vs.商业服务（AWS、广告等。），因为这需要我们将公司作为独立的业务进行分析。</blockquote></p><p> Amazon is one giant flywheel that cannot be separated into partsany more than you can separate a turtle from its shell. For example, without the traffic generated by its retail business, advertising would not be possible. This obvious. Less obvious is that fact that AWS began as an e-commerce tool, way before it became the public cloud company giant it is today. And although seemingly different on the surface, both Amazon.com and AWS are at its core IT infrastructure platforms at scale. In addition, Amazon's other major initiatives, such as Alexa and streaming, are joined at the hip with e-commerce by Prime membership.</p><p><blockquote>亚马逊是一个巨大的飞轮，它不能分成几个部分，就像你不能把一只乌龟和它的壳分开一样。例如，如果没有零售业务产生的流量，广告就不可能投放。这很明显。不太明显的是，AWS最初是一个电子商务工具，远在它成为今天的公共云公司巨头之前。尽管表面上看起来不同，但亚马逊和AWS都是其核心IT基础设施平台。此外，亚马逊的其他重大举措，如Alexa和流媒体，也通过Prime会员与电子商务紧密相连。</blockquote></p><p> But we do know one thing: the opportunity for continued growth is massive.</p><p><blockquote>但我们确实知道一件事：持续增长的机会是巨大的。</blockquote></p><p> <b>Valuation</b></p><p><blockquote><b>估值</b></blockquote></p><p> Like most growth stocks, Amazon lagged the market so far this year, and valuation is looking attractive.</p><p><blockquote>与大多数成长型股票一样，亚马逊今年迄今为止落后于市场，估值看起来很有吸引力。</blockquote></p><p> Currently, Amazon is trading at 52 times forward EPS, down from 112 times in July 2020. The stock is trading at a 140% premium to the S&amp;P 500, the lowest in 5 years.</p><p><blockquote>目前，亚马逊的预期每股收益为52倍，低于2020年7月的112倍。该股的交易价格较标普500溢价140%，为5年来最低。</blockquote></p><p> On free cash flow yield, Amazon is yielding 2.6% forward free cash flow, which is towards the low end of its 5-year range. If we believe in the Capex and free cash flow cycle, the stock looks attractively valued.</p><p><blockquote>就自由现金流收益率而言，亚马逊的远期自由现金流收益率为2.6%，接近其5年期范围的低端。如果我们相信资本支出和自由现金流周期，那么该股的估值看起来很有吸引力。</blockquote></p><p> <b>Takeaway</b></p><p><blockquote><b>外卖</b></blockquote></p><p> Although Amazon benefited from COVID-induced shutdowns, the best is yet to come for free cash flow. After lagging the market, the company is trading at an attractive valuation given the large growth opportunities ahead of it, and the potential explosion in free cash flow in 2022 and 2023.</p><p><blockquote>尽管亚马逊受益于新冠疫情引发的停工，但自由现金流的最佳状态尚未到来。在落后于市场之后，考虑到未来巨大的增长机会以及2022年和2023年自由现金流的潜在爆炸式增长，该公司的估值具有吸引力。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4432586-amazon-the-cash-will-come\">seekingalpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊"},"source_url":"https://seekingalpha.com/article/4432586-amazon-the-cash-will-come","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1139790754","content_text":"Summary\n\nAlthough Amazon benefited from COVID-induced shutdowns, the best is yet to come for free cash flow.\nLagging free cash flow growth in 2020 and 2021 is due to investment to support growth, going after massive opportunities.\nAfter lagging the market, the company is trading at an attractive valuation.\n\nPhoto by Bet_Noire/iStock via Getty Images\nShort-sighted investors are selling Amazon (AMZN), which has been a massive beneficiary of the COVID shutdowns, to fund dubious reopening plays like General Electric (GE) and Nucor (NUE). As a result, Amazon has lagged the market year-to-date and is now trading at an attractive valuation.\nAlthough Amazon's revenue and EPS has benefited tremendously from COVID, free cash flow has not. After the current spending cycle winds down, Amazon seems poised to experience an explosion of free cash flow by 2022 and 2023. After all, it is the cash that the company gets to keep for investors that makes the company powerful and investors rich.\nCOVID Beneficiary\nAmazon has been a massive beneficiary of COVID. The company generated $386 billion of revenue in 2020, up 37.6% y/y. This Amazon's fastest growth rate since 2011, even including the inorganic contribution to growth in 2017 and 2018 when it acquired Whole Foods. Amazingly, the last time the company grew faster was in 2011 when the company generated \"only\" $48 billion in revenue. Who said elephants can't dance?\nIn 2020, Amazon's e-commerce businesses experienced accelerated revenue growth:\n\n3rd Party Seller Services increased 49.6% to $80.4 billion.\nOnline stores increased 39.7% to $197 billion.\n\nIn 2020, the company's other businesses continued to decelerate, though likely at a lower deceleration than without COVID:\n\nSubscription Services grew 31.2% y/y $25.2 billion, a 4.4% point y/y deceleration vs. a 10.1% point deceleration the prior year.\nAWS grew 29.5% to $45.4 billion, a 7% point y/y deceleration vs. a 10.5% point deceleration the prior year.\n\nPhysical stores, not surprisingly, is the only business that got hurt by COVID, declining 5.6% to $16.2 billion. A 5.6% decline isn't even that bad, and this business is a drop in the bucket given Amazon's total revenue of $489 billion in 2020.\nThe COVID benefits largely extended into 2021 as consensus estimates put 2021 revenue growth at a robust 26.9% on top of tough comps.\nThe company saw an even bigger increase in accounting profits. Operating income expanded to 5.9% in 2020, a 70 bps y/y expansion. It is important to note that excluding one-time $11.5 billion COVID-related expenses in 2020, Amazon's operating margin would have been 8.9% rather than the reported 5.9%.\nGAAP EPS grew an incredible 81.8% y/y to $41.83 per share.\nWhere Is My Money?\nAlthough revenue grow 37.6% y/y and EPS grew 81.8% y/y in 2020, free cash flow growth lagged materially, growing only 20.1% y/y. 2021 is expected to be worse, with free cash flow expected to grow only 16.9%, just half the growth rate of its expected EPS growth that year.\nThis because capital expenditure (\"Capex\") increased an incredible 176% y/y in 2020 to over $35 billion. This the largest y/y growth since at least 2007. In terms of absolute numbers, 2020 deployed an incremental $22 billion- an absolutely mind-boggling amount. Capex is expected to remain elevated in 2021, growing another 16% y/y to $41 billion.\nOn top of all this spending, the company, on May 26, Amazon announced the acquisition of MGM Studios for $8.45 billion. I can see conservative, old-school investors' heads about to explode- but relax.\nThe Spending and Free Cash Flow Cycle\nIn my 2017 article,Amazon Bears Will Get Crushed, I addressed the same investor concern that Amazon is spending too much money, although the spending is at a much, much greater scale today.\nBack in 2017, investors were worried about Amazon's ramped up investments. In a nutshell, my argument was that investors should differentiate between investments going after large opportunities and a bloated cost structure. Generally speaking, unexpected expenses are bad, and - assuming that you trust management's ability - unexpected investments are good. If Warren Buffett said, \"I thought I was going to deploy $20 billion, but an opportunity came up where I can deploy $60 billion\", investors would be ecstatic. That opportunity, for Amazon, was the COVID-induced surge in demand.\nRelax, a surge in spending tends to be followed by years of moderate spending growth. After my 2017 article was published, 2018 and 2019 saw Capex growth of only 12-13% per year, while free cash flow grew 132% y/y in 2018 and 33% in 2019.\nWe can see the same cycle in the 2010 - 2015 period. In 2010, Capex surged 163% y/y, then another 85% in 2011, and another 109% in 2012. Looking back, these were puny numbers in the low-single-digit of billions per year of Capex, which of course played a key role in supporting Amazon's future growth. However, in the subsequent three years, 2013 through 2015, Capex grew only 21%-cumulatively.\nBy 2015, free cash flow exploded 276% to $7.3 billion, higher than the highest the company has ever generated until then by a factor of two to three.\nWall Street is expecting the same cycle to play out this time around. In 2022, free cash flow is expected to grow 58% y/y as Capex growth moderates to +3%. In 2023, free cash flow is expected to grow another 44% to a record $82.6 billion as Capex growth is expected to remain low at +2% y/y.\nThe Market Opportunity\nSome investors may take a little more convincing to get comfortable with those huge projected free cash flow numbers. $83 billion of free cash flow by 2023 is almost three times its 2020's free cash flow of $31 billion- already its highest ever. And an incremental $22 billion of Capex deployed in 2020 is a massive number.\nThe market opportunity, however, is much more massive.\nAmazon's share of US e-commerce is approximately 50%. That is high, but the US retail market is sized at over $5 trillion, and Amazon has around a 9% share of the entire retail market, and only 3.3% of consumer spending. The company is poised to gain share as it adds greater convenience, more competitive prices and greater selection.\nAmazon is aggressively going after the much larger global retail market, which is sized at approximately $25 trillion. Amazon's expected 2021 revenue of $490 billion is less than 2% of the global opportunity.\nA large portion of Amazon's increase in Capex went to expanding the infrastructure necessary to meet the surge in e-commerce demand. For example, in 2020, Amazon grew its fulfillment square footage by 50% y/y.\nAnother areas of spending is to support AWS, which is Capex intensive but highly profitable. At just 12% of 2020's revenue, AWS accounted for over 50% of the company's operating income.\nThe global cloud computing market is expected to grow from $371.4 billion in 2020 to $832.1 billion by 2025, at a CAGR of 17.5%. Amazon's AWS generated $59 billion of revenue in 2020 and is expected to grow 31% in 2021 and 25% in 2023. This means AWS has less than 20% market share and is expected to take market share going forward.\nIf Amazon has an opportunity to deploy more capital to support this highly profitable and rapidly growing business, thatis all great news to me.\nManagement does not tell us exactly how the Capex is allocated and what the returns could look like. I don't think it is possible as an outsider to estimate the expected return of the incremental investments in retail (e-commerce, physical stores, subscription, etc.) vs. business services (AWS, advertising, etc.), because it would require that we analyze the company as separate businesses.\nAmazon is one giant flywheel that cannot be separated into partsany more than you can separate a turtle from its shell. For example, without the traffic generated by its retail business, advertising would not be possible. This obvious. Less obvious is that fact that AWS began as an e-commerce tool, way before it became the public cloud company giant it is today. And although seemingly different on the surface, both Amazon.com and AWS are at its core IT infrastructure platforms at scale. In addition, Amazon's other major initiatives, such as Alexa and streaming, are joined at the hip with e-commerce by Prime membership.\nBut we do know one thing: the opportunity for continued growth is massive.\nValuation\nLike most growth stocks, Amazon lagged the market so far this year, and valuation is looking attractive.\nCurrently, Amazon is trading at 52 times forward EPS, down from 112 times in July 2020. The stock is trading at a 140% premium to the S&P 500, the lowest in 5 years.\nOn free cash flow yield, Amazon is yielding 2.6% forward free cash flow, which is towards the low end of its 5-year range. If we believe in the Capex and free cash flow cycle, the stock looks attractively valued.\nTakeaway\nAlthough Amazon benefited from COVID-induced shutdowns, the best is yet to come for free cash flow. After lagging the market, the company is trading at an attractive valuation given the large growth opportunities ahead of it, and the potential explosion in free cash flow in 2022 and 2023.","news_type":1,"symbols_score_info":{"AMZN":0.9}},"isVote":1,"tweetType":1,"viewCount":2670,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":111020666,"gmtCreate":1622645033455,"gmtModify":1634099614400,"author":{"id":"3571392409099070","authorId":"3571392409099070","name":"ConnieCD","avatar":"https://static.tigerbbs.com/915b685005c69f07e82d31330014218b","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571392409099070","authorIdStr":"3571392409099070"},"themes":[],"htmlText":"Wow&nbsp;","listText":"Wow&nbsp;","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/111020666","repostId":"1116680979","repostType":4,"repost":{"id":"1116680979","kind":"news","weMediaInfo":{"introduction":"全球第五大财经门户网站Investing.com中国官方微信，提供全球各国海量金融资讯和实时行情数据，包括股票股指、外汇、期货、基金、债券、加密货币等。关注全球金融市场动态的投资者千万不可错过。","home_visible":1,"media_name":"英为财情Investing","id":"92","head_image":"https://static.tigerbbs.com/406e2b4996e14cd8a66a2a6864ef4313"},"pubTimestamp":1622643015,"share":"https://www.laohu8.com/m/news/1116680979?lang=zh_CN&edition=full","pubTime":"2021-06-02 22:10","market":"us","language":"en","title":"Want To Invest In Gaming? Consider A ‘Poor Person’s Covered Call’ On Roblox<blockquote>想投资游戏吗？考虑Roblox上的“穷人承保看涨期权”</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1116680979","media":"英为财情Investing","summary":"Roblox(NYSE:RBLX) stock has been getting increased attention in recent days. Shares of the company, ","content":"<p><b>Roblox</b>(NYSE:RBLX)&nbsp;stock has been getting increased attention in recent days. Shares of the company, which is behind the gaming app of the same name, made their Wall Street debut on Mar. 10, opening just shy of $65. Roblox is currently hovering at $95.74.</p><p><blockquote><b>Roblox</b>（纽约证券交易所股票代码：RBLX）股票最近几天受到越来越多的关注。该公司是同名游戏应用程序背后的公司，其股价于3月10日在华尔街首次亮相，开盘价略低于65美元。Roblox目前徘徊在95.74美元。</blockquote></p><p> The gaming platform depends on individual developers to create content. Analysts highlight that as a social media and gaming platform, Roblox could see considerable growth in the coming quarters.</p><p><blockquote>游戏平台依赖于个人开发者来创建内容。分析师强调，作为社交媒体和游戏平台，Roblox在未来几个季度可能会出现可观的增长。</blockquote></p><p> Therefore, potential investors might want to include the stock in their growth portfolio. However, buying 100 shares of RBLX stock would cost around $9,560, a considerable investment for many people.</p><p><blockquote>因此，潜在投资者可能希望将该股票纳入其增长投资组合。然而，购买100股RBLX股票的成本约为9,560美元，这对许多人来说是一项相当大的投资。</blockquote></p><p> Some investors prefer to put together a \"poor person's covered call\" on the stock instead. Therefore, today we introduce a diagonal debit spread on RBLX by using LEAPS options. Such a strategy is sometimes used to replicate a covered call position at a considerably lower cost.</p><p><blockquote>一些投资者更愿意在该股票上设立“穷人承保看涨期权”。因此，今天我们通过使用LEAPS期权在RBLX上引入对角线借方利差。这种策略有时用于以低得多的成本复制被覆盖的看涨期权头寸。</blockquote></p><p> Investors who are new to options might want to-revisit our previous articles on LEAPS options (for example,hereandhere) first, before reading further.</p><p><blockquote>不熟悉期权的投资者可能需要在进一步阅读之前先重温我们之前关于LEAPS期权的文章（例如，hereandhere）。</blockquote></p><p> <b>A Diagonal Debit Spread On RBLX Stock</b></p><p><blockquote><b>RBLX股票的对角线借方利差</b></blockquote></p><p> <b>Current Price:</b>$95.74</p><p><blockquote><b>当前价格：</b>$95.74</blockquote></p><p> <b>52-Week Range:</b>$60.50 - $98.95</p><p><blockquote><b>52周范围：</b>$60.50-$98.95</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/29fd3d4c61c948a2d2723da571214088\" tg-width=\"2542\" tg-height=\"1164\"><span>Roblox Weekly Chart</span></p><p><blockquote><p class=\"t-img-caption\"><span>Roblox周线图</span></p></blockquote></p><p> LEAPS stands for \"Long-Term Equity Anticipation Securities.” Readers might also see websites referring to them as LEAP options or LEAPs.</p><p><blockquote>LEAPS代表“长期股权预期证券”。读者可能还会看到网站将它们称为LEAP选项或LEAPS。</blockquote></p><p> Investors who believe in the long-run growth potential of underlying assets, such as Roblox stock, could consider using LEAPS options, which are long-dated, usually one to two years till expiration.</p><p><blockquote>相信Roblox股票等基础资产长期增长潜力的投资者可以考虑使用LEAPS期权，这些期权是长期的，通常距离到期还有一到两年。</blockquote></p><p> Investors like LEAPS as they “cost less” than stocks, as they are offered at option contract prices.</p><p><blockquote>投资者喜欢LEAPS，因为它们比股票“成本更低”，因为它们以期权合约价格提供。</blockquote></p><p> A trader first buys a “longer-term” call with a lower strike price. At the same time, the trader sells a “shorter-term” call with a higher strike price, creating a long diagonal spread.</p><p><blockquote>交易者首先购买执行价格较低的“长期”看涨期权。与此同时，交易者卖出执行价格较高的“短期”看涨期权，产生多头对角线价差。</blockquote></p><p> In other words, the call options for the underlying stock have different strikes and different expiration dates. The trader goes long one option and shorts the other to make a diagonal spread.</p><p><blockquote>换句话说，标的股票的看涨期权期权有不同的行权和不同的到期日。交易者做多一个期权，做空另一个期权，形成对角线价差。</blockquote></p><p> In this LEAPS covered call strategy, both the profit potential and risk are limited. The trader establishes the position for a net debit (or cost). The net debit represents the maximum loss.</p><p><blockquote>在这种LEAPS覆盖的看涨期权策略中，利润潜力和风险都是有限的。交易者建立净借方（或成本）头寸。净借方代表最大损失。</blockquote></p><p> Most traders entering such a strategy would be mildly bullish on the underlying security—here, Roblox.</p><p><blockquote>大多数采用此类策略的交易者都会温和看好基础证券——这里是Roblox。</blockquote></p><p> Instead of buying 100 shares of Roblox, the trader would buy a deep-in-the-money LEAPS call option, where that LEAPS call acts as a “surrogate” for owning the Roblox stock.</p><p><blockquote>交易员不会购买100股Roblox股票，而是会购买深度入股的LEAPS看涨期权期权，LEAPS看涨期权充当拥有Roblox股票的“代理人”。</blockquote></p><p> As we write on Tuesday afternoon, Roblox stock is $95.60. Therefore, for this post, we'll use this price.</p><p><blockquote>正如我们周二下午撰写的那样，Roblox股价为95.60美元。因此，在这篇文章中，我们将使用这个价格。</blockquote></p><p> For the first leg of this strategy, the trader might buy a deep in-the-money (ITM) LEAPS call, such as the RBLX Jan. 20, 2023, 65-strike call option. This option is currently offered at $44.90 (mid-point of the current bid and ask spread). In other words, it would cost the trader $4,490 instead of $9,560 to own this call option that expires in over one and a half years.</p><p><blockquote>对于该策略的第一步，交易者可能会购买深度价内(ITM)LEAPS看涨期权，例如RBLX 2023年1月20日65次行使的看涨期权期权。该期权目前的报价为44.90美元（当前买卖价差的中点）。换句话说，交易者需要花费4,490美元，而不是9,560美元才能拥有这个在一年半以上到期的看涨期权期权。</blockquote></p><p> The delta of this option is about 0.80. Delta shows the amount an option’s price is expected to move based on a $1 change in the underlying security.</p><p><blockquote>该选项的delta约为0.80。Delta显示了基于标的证券1美元变化的期权价格预期变动的金额。</blockquote></p><p> In this example, if Roblox stock goes up $1, to $96.60, the current option price of $44.90 would be expected to increase by approximately 80 cents, based on a delta of 0.80. However, the actual change might be slightly more or less depending on several other factors that are beyond the scope of this article.</p><p><blockquote>在此示例中，如果Roblox股票上涨1美元至96.60美元，则基于0.80的delta，当前44.90美元的期权价格预计将上涨约80美分。然而，实际的变化可能会稍微多一点或少一点，这取决于本文范围之外的其他几个因素。</blockquote></p><p> So an option’s delta increases as one goes deeper into the money. Traders would use deep ITM LEAPS strikes because as delta approaches 1, a LEAPS option's price moves begin to mirror that of the underlying stock. In simple terms, a delta of 0.80 would be like owning 80 shares of RBLX in this example (as opposed to 100 in a regular covered call).</p><p><blockquote>因此，期权的delta随着资金的深入而增加。交易者会使用深度ITM LEAPS罢工，因为当delta接近1时，LEAPS期权的价格变动开始反映标的股票的价格变动。简单来说，在本例中，0.80的delta就像拥有80股RBLX股票（与常规备兑看涨期权中的100股相反）。</blockquote></p><p> For the second leg of this strategy, the trader sells an out-of-the-money (OTM) short-term call, like the RBLX Aug. 20, 2021, 100-strike call option. This option’s current premium is $12.83. In other words, the option seller would receive $1,283, excluding trading commissions.</p><p><blockquote>对于该策略的第二步，交易者出售价外(OTM)短期看涨期权，例如RBLX 2021年8月20日100次行使的看涨期权期权。该期权目前的权利金为12.83美元。换句话说，期权卖方将获得1283美元，不包括交易佣金。</blockquote></p><p> There are two expiration dates in the strategy, making it quite difficult to give an exact formula for a break-even point in this trade.</p><p><blockquote>该策略有两个到期日，因此很难给出该交易盈亏平衡点的准确公式。</blockquote></p><p> Different brokers or online websites might offer “profit and loss calculators” for such a trade setup. Calculating the value of back-month (i.e., LEAPS call) when the front-month (i.e., the shorter-dated) call option expires requires a pricing model to get a “guesstimate” for a break-even point.</p><p><blockquote>不同的经纪人或在线网站可能会为这种交易设置提供“损益计算器”。当前月（即较短日期）看涨期权期权到期时，计算后月（即跳跃看涨期权）的价值需要定价模型来获得盈亏平衡点的“猜测”。</blockquote></p><p> <b>Maximum Profit Potential</b></p><p><blockquote><b>最大利润潜力</b></blockquote></p><p> The maximum potential is realized if the stock price is equal to the strike price of the short call on the expiration date of the short call.</p><p><blockquote>如果在空头看涨期权到期日股价等于空头看涨期权的执行价格，则实现最大潜力。</blockquote></p><p></p><p> In other words, the trader wants the RBLX stock price to remain as close to the strike price of the short option (i.e., $100 here) as possible at expiration (on Aug. 20, 2021), without going above it.</p><p><blockquote>换句话说，交易者希望RBLX股价在到期时（2021年8月20日）尽可能接近空头期权的执行价格（即此处为100美元），而不高于该价格。</blockquote></p><p> In our example, the maximum return, in theory, would be about $1,553 at a price of $100.00 at expiry, excluding trading commissions and costs. (We arrived at this value using a profit and loss calculator online).</p><p><blockquote>在我们的示例中，理论上，到期时价格为100.00美元，最大回报约为1,553美元，不包括交易佣金和成本。（我们使用在线损益计算器得出了这个值）。</blockquote></p><p> Without the use of such a calculator, we could also arrive at an approximate dollar value. Let’s take a look:</p><p><blockquote>如果不使用这样的计算器，我们也可以得出一个大概的美元价值。一起来看看：</blockquote></p><p> The option seller (i.e., the trader) received $1,283 for the sold option.</p><p><blockquote>期权卖方（即交易者）从卖出的期权中获得了1,283美元。</blockquote></p><p> Meanwhile, the underlying RBLX stock increased from $95.60 to $100. This is a difference of $4.40 per share of RBLX, or $440 for 100 shares.</p><p><blockquote>与此同时，RBLX标的股票从95.60美元上涨至100美元。RBLX每股差价为4.40美元，即100股差价为440美元。</blockquote></p><p> Because the delta of the long LEAPS option is taken as 0.8, the value of the long option will in theory increase by $440X 0.8 = $352 (However, in practice, it might be more or less than this value.)</p><p><blockquote>由于long LEAPS期权的delta取为0.8，因此long期权的价值理论上将增加440美元x 0.8=352美元（但在实践中，它可能大于或小于该值。）</blockquote></p><p> The total of $1,283 and $352 comes to $1,635. Although it is not the same as $1,553, we can regard it as a good approximate value.</p><p><blockquote>1283美元和352美元加起来就是1635美元。虽然和1553美元不一样，但我们可以把它看作一个很好的近似值。</blockquote></p><p> Understandably, if the strike price of our long option had been different (i.e., not $65.00), its delta would have been different, too. Then we need to use that delta value to arrive at the approximate final profit or loss value.</p><p><blockquote>可以理解的是，如果我们的多头期权的执行价格不同（即不是65.00美元），其delta也会不同。然后，我们需要使用该delta值来得出大致的最终利润或损失值。</blockquote></p><p> Therefore, by not investing $9,560 initially in 100 shares of RBLX, the trader’s potential return is leveraged.</p><p><blockquote>因此，通过最初不投资9,560美元购买100股RBLX，交易者的潜在回报就被利用了。</blockquote></p><p> Put another way, the premium the trader initially receives for selling the shorter-dated call option (i.e., $1,283) represents a higher percentage of the initial investment of $4,490 than if the trader bought 100 shares of RBLX outright at $9,560.</p><p><blockquote>换句话说，交易者最初因出售短期看涨期权期权而获得的权利金（即1,283美元）占初始投资4,490美元的百分比高于交易者以9,560美元直接购买100股RBLX股票的百分比。</blockquote></p><p> Ideally, the trader hopes the short call will expire out-of-the money (worthless). Then, the trader can sell one call after the other, until the long LEAPS call expires in about a year and half.</p><p><blockquote>理想情况下，交易者希望空头看涨期权到期时价外（一文不值）。然后，交易者可以一个接一个地卖出看涨期权，直到跳远看涨期权在大约一年半后到期。</blockquote></p><p> <b>Position Management</b></p><p><blockquote><b>职位管理</b></blockquote></p><p> Active position management in a diagonal debit spread is typically more difficult for novice traders.</p><p><blockquote>对于新手交易者来说，对角线借方价差中的主动头寸管理通常更加困难。</blockquote></p><p> If RBLX is above $100 on Aug. 20, the position will make less than the potential maximum return as the short-dated option will start losing money.</p><p><blockquote>如果RBLX在8月20日高于100美元，该头寸的收益将低于潜在的最大回报，因为短期期权将开始亏损。</blockquote></p><p> Then, the trader might feel the need to close the trade early if the RBLX price shoots up and the short call gets caught deep ITM. In that case, the trader might need to close the entire trade and start over, or put together alternative option strategies.</p><p><blockquote>然后，如果RBLX价格飙升并且空头看涨期权陷入深度ITM，交易者可能会觉得有必要提前平仓交易。在这种情况下，交易者可能需要关闭整个交易并重新开始，或者整合替代期权策略。</blockquote></p><p> In a regular covered call, the trader might not necessarily mind being assigned the short option as s/he owns 100 shares of RBLX as well. However, in a poor person’s covered call, the trader would not necessarily want to be assigned the short call as s/he does not actually own those RBLX shares yet.</p><p><blockquote>在常规备兑看涨期权中，交易者可能不一定介意被分配空头期权，因为他/她也拥有100股RBLX股票。然而，在穷人的覆盖看涨期权中，交易者不一定希望被分配空头看涨期权，因为他/她实际上还没有拥有这些RBLX股票。</blockquote></p><p> On Aug. 20, this LEAPS covered call trade would, in theory, also start losing money if the RBLX stock price falls to about $81 or below. However, the actual break-even point could be different as there are different variables that affect the price of an option. Understandably, a stock's price could drop to $0, decreasing the value of the long call with it.</p><p><blockquote>8月20日，理论上，如果RBLX股价跌至约81美元或以下，看涨期权交易也将开始亏损。然而，实际的盈亏平衡点可能会有所不同，因为影响期权价格的变量不同。可以理解的是，股票价格可能会跌至0美元，从而降低多头看涨期权的价值。</blockquote></p><p> Finally, we must also remind readers that deep ITM LEAPS options tend to have high bid/ask spreads. Therefore, every time the trader buys or sells a LEAPS option, there could be a significant transaction cost.</p><p><blockquote>最后，我们还必须提醒读者，深度ITM LEAPS期权往往有很高的买卖价差。因此，每次交易者买入或卖出LEAPS期权时，都可能产生巨大的交易成本。</blockquote></p><p> In future weeks, we’ll continue our discussion with different examples of options strategies.</p><p><blockquote>在接下来的几周里，我们将继续讨论期权策略的不同例子。</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>Want To Invest In Gaming? Consider A ‘Poor Person’s Covered Call’ On Roblox<blockquote>想投资游戏吗？考虑Roblox上的“穷人承保看涨期权”</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\">\nWant To Invest In Gaming? Consider A ‘Poor Person’s Covered Call’ On Roblox<blockquote>想投资游戏吗？考虑Roblox上的“穷人承保看涨期权”</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/92\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/406e2b4996e14cd8a66a2a6864ef4313);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">英为财情Investing </p>\n<p class=\"h-time smaller\">2021-06-02 22:10</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><b>Roblox</b>(NYSE:RBLX)&nbsp;stock has been getting increased attention in recent days. Shares of the company, which is behind the gaming app of the same name, made their Wall Street debut on Mar. 10, opening just shy of $65. Roblox is currently hovering at $95.74.</p><p><blockquote><b>Roblox</b>（纽约证券交易所股票代码：RBLX）股票最近几天受到越来越多的关注。该公司是同名游戏应用程序背后的公司，其股价于3月10日在华尔街首次亮相，开盘价略低于65美元。Roblox目前徘徊在95.74美元。</blockquote></p><p> The gaming platform depends on individual developers to create content. Analysts highlight that as a social media and gaming platform, Roblox could see considerable growth in the coming quarters.</p><p><blockquote>游戏平台依赖于个人开发者来创建内容。分析师强调，作为社交媒体和游戏平台，Roblox在未来几个季度可能会出现可观的增长。</blockquote></p><p> Therefore, potential investors might want to include the stock in their growth portfolio. However, buying 100 shares of RBLX stock would cost around $9,560, a considerable investment for many people.</p><p><blockquote>因此，潜在投资者可能希望将该股票纳入其增长投资组合。然而，购买100股RBLX股票的成本约为9,560美元，这对许多人来说是一项相当大的投资。</blockquote></p><p> Some investors prefer to put together a \"poor person's covered call\" on the stock instead. Therefore, today we introduce a diagonal debit spread on RBLX by using LEAPS options. Such a strategy is sometimes used to replicate a covered call position at a considerably lower cost.</p><p><blockquote>一些投资者更愿意在该股票上设立“穷人承保看涨期权”。因此，今天我们通过使用LEAPS期权在RBLX上引入对角线借方利差。这种策略有时用于以低得多的成本复制被覆盖的看涨期权头寸。</blockquote></p><p> Investors who are new to options might want to-revisit our previous articles on LEAPS options (for example,hereandhere) first, before reading further.</p><p><blockquote>不熟悉期权的投资者可能需要在进一步阅读之前先重温我们之前关于LEAPS期权的文章（例如，hereandhere）。</blockquote></p><p> <b>A Diagonal Debit Spread On RBLX Stock</b></p><p><blockquote><b>RBLX股票的对角线借方利差</b></blockquote></p><p> <b>Current Price:</b>$95.74</p><p><blockquote><b>当前价格：</b>$95.74</blockquote></p><p> <b>52-Week Range:</b>$60.50 - $98.95</p><p><blockquote><b>52周范围：</b>$60.50-$98.95</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/29fd3d4c61c948a2d2723da571214088\" tg-width=\"2542\" tg-height=\"1164\"><span>Roblox Weekly Chart</span></p><p><blockquote><p class=\"t-img-caption\"><span>Roblox周线图</span></p></blockquote></p><p> LEAPS stands for \"Long-Term Equity Anticipation Securities.” Readers might also see websites referring to them as LEAP options or LEAPs.</p><p><blockquote>LEAPS代表“长期股权预期证券”。读者可能还会看到网站将它们称为LEAP选项或LEAPS。</blockquote></p><p> Investors who believe in the long-run growth potential of underlying assets, such as Roblox stock, could consider using LEAPS options, which are long-dated, usually one to two years till expiration.</p><p><blockquote>相信Roblox股票等基础资产长期增长潜力的投资者可以考虑使用LEAPS期权，这些期权是长期的，通常距离到期还有一到两年。</blockquote></p><p> Investors like LEAPS as they “cost less” than stocks, as they are offered at option contract prices.</p><p><blockquote>投资者喜欢LEAPS，因为它们比股票“成本更低”，因为它们以期权合约价格提供。</blockquote></p><p> A trader first buys a “longer-term” call with a lower strike price. At the same time, the trader sells a “shorter-term” call with a higher strike price, creating a long diagonal spread.</p><p><blockquote>交易者首先购买执行价格较低的“长期”看涨期权。与此同时，交易者卖出执行价格较高的“短期”看涨期权，产生多头对角线价差。</blockquote></p><p> In other words, the call options for the underlying stock have different strikes and different expiration dates. The trader goes long one option and shorts the other to make a diagonal spread.</p><p><blockquote>换句话说，标的股票的看涨期权期权有不同的行权和不同的到期日。交易者做多一个期权，做空另一个期权，形成对角线价差。</blockquote></p><p> In this LEAPS covered call strategy, both the profit potential and risk are limited. The trader establishes the position for a net debit (or cost). The net debit represents the maximum loss.</p><p><blockquote>在这种LEAPS覆盖的看涨期权策略中，利润潜力和风险都是有限的。交易者建立净借方（或成本）头寸。净借方代表最大损失。</blockquote></p><p> Most traders entering such a strategy would be mildly bullish on the underlying security—here, Roblox.</p><p><blockquote>大多数采用此类策略的交易者都会温和看好基础证券——这里是Roblox。</blockquote></p><p> Instead of buying 100 shares of Roblox, the trader would buy a deep-in-the-money LEAPS call option, where that LEAPS call acts as a “surrogate” for owning the Roblox stock.</p><p><blockquote>交易员不会购买100股Roblox股票，而是会购买深度入股的LEAPS看涨期权期权，LEAPS看涨期权充当拥有Roblox股票的“代理人”。</blockquote></p><p> As we write on Tuesday afternoon, Roblox stock is $95.60. Therefore, for this post, we'll use this price.</p><p><blockquote>正如我们周二下午撰写的那样，Roblox股价为95.60美元。因此，在这篇文章中，我们将使用这个价格。</blockquote></p><p> For the first leg of this strategy, the trader might buy a deep in-the-money (ITM) LEAPS call, such as the RBLX Jan. 20, 2023, 65-strike call option. This option is currently offered at $44.90 (mid-point of the current bid and ask spread). In other words, it would cost the trader $4,490 instead of $9,560 to own this call option that expires in over one and a half years.</p><p><blockquote>对于该策略的第一步，交易者可能会购买深度价内(ITM)LEAPS看涨期权，例如RBLX 2023年1月20日65次行使的看涨期权期权。该期权目前的报价为44.90美元（当前买卖价差的中点）。换句话说，交易者需要花费4,490美元，而不是9,560美元才能拥有这个在一年半以上到期的看涨期权期权。</blockquote></p><p> The delta of this option is about 0.80. Delta shows the amount an option’s price is expected to move based on a $1 change in the underlying security.</p><p><blockquote>该选项的delta约为0.80。Delta显示了基于标的证券1美元变化的期权价格预期变动的金额。</blockquote></p><p> In this example, if Roblox stock goes up $1, to $96.60, the current option price of $44.90 would be expected to increase by approximately 80 cents, based on a delta of 0.80. However, the actual change might be slightly more or less depending on several other factors that are beyond the scope of this article.</p><p><blockquote>在此示例中，如果Roblox股票上涨1美元至96.60美元，则基于0.80的delta，当前44.90美元的期权价格预计将上涨约80美分。然而，实际的变化可能会稍微多一点或少一点，这取决于本文范围之外的其他几个因素。</blockquote></p><p> So an option’s delta increases as one goes deeper into the money. Traders would use deep ITM LEAPS strikes because as delta approaches 1, a LEAPS option's price moves begin to mirror that of the underlying stock. In simple terms, a delta of 0.80 would be like owning 80 shares of RBLX in this example (as opposed to 100 in a regular covered call).</p><p><blockquote>因此，期权的delta随着资金的深入而增加。交易者会使用深度ITM LEAPS罢工，因为当delta接近1时，LEAPS期权的价格变动开始反映标的股票的价格变动。简单来说，在本例中，0.80的delta就像拥有80股RBLX股票（与常规备兑看涨期权中的100股相反）。</blockquote></p><p> For the second leg of this strategy, the trader sells an out-of-the-money (OTM) short-term call, like the RBLX Aug. 20, 2021, 100-strike call option. This option’s current premium is $12.83. In other words, the option seller would receive $1,283, excluding trading commissions.</p><p><blockquote>对于该策略的第二步，交易者出售价外(OTM)短期看涨期权，例如RBLX 2021年8月20日100次行使的看涨期权期权。该期权目前的权利金为12.83美元。换句话说，期权卖方将获得1283美元，不包括交易佣金。</blockquote></p><p> There are two expiration dates in the strategy, making it quite difficult to give an exact formula for a break-even point in this trade.</p><p><blockquote>该策略有两个到期日，因此很难给出该交易盈亏平衡点的准确公式。</blockquote></p><p> Different brokers or online websites might offer “profit and loss calculators” for such a trade setup. Calculating the value of back-month (i.e., LEAPS call) when the front-month (i.e., the shorter-dated) call option expires requires a pricing model to get a “guesstimate” for a break-even point.</p><p><blockquote>不同的经纪人或在线网站可能会为这种交易设置提供“损益计算器”。当前月（即较短日期）看涨期权期权到期时，计算后月（即跳跃看涨期权）的价值需要定价模型来获得盈亏平衡点的“猜测”。</blockquote></p><p> <b>Maximum Profit Potential</b></p><p><blockquote><b>最大利润潜力</b></blockquote></p><p> The maximum potential is realized if the stock price is equal to the strike price of the short call on the expiration date of the short call.</p><p><blockquote>如果在空头看涨期权到期日股价等于空头看涨期权的执行价格，则实现最大潜力。</blockquote></p><p></p><p> In other words, the trader wants the RBLX stock price to remain as close to the strike price of the short option (i.e., $100 here) as possible at expiration (on Aug. 20, 2021), without going above it.</p><p><blockquote>换句话说，交易者希望RBLX股价在到期时（2021年8月20日）尽可能接近空头期权的执行价格（即此处为100美元），而不高于该价格。</blockquote></p><p> In our example, the maximum return, in theory, would be about $1,553 at a price of $100.00 at expiry, excluding trading commissions and costs. (We arrived at this value using a profit and loss calculator online).</p><p><blockquote>在我们的示例中，理论上，到期时价格为100.00美元，最大回报约为1,553美元，不包括交易佣金和成本。（我们使用在线损益计算器得出了这个值）。</blockquote></p><p> Without the use of such a calculator, we could also arrive at an approximate dollar value. Let’s take a look:</p><p><blockquote>如果不使用这样的计算器，我们也可以得出一个大概的美元价值。一起来看看：</blockquote></p><p> The option seller (i.e., the trader) received $1,283 for the sold option.</p><p><blockquote>期权卖方（即交易者）从卖出的期权中获得了1,283美元。</blockquote></p><p> Meanwhile, the underlying RBLX stock increased from $95.60 to $100. This is a difference of $4.40 per share of RBLX, or $440 for 100 shares.</p><p><blockquote>与此同时，RBLX标的股票从95.60美元上涨至100美元。RBLX每股差价为4.40美元，即100股差价为440美元。</blockquote></p><p> Because the delta of the long LEAPS option is taken as 0.8, the value of the long option will in theory increase by $440X 0.8 = $352 (However, in practice, it might be more or less than this value.)</p><p><blockquote>由于long LEAPS期权的delta取为0.8，因此long期权的价值理论上将增加440美元x 0.8=352美元（但在实践中，它可能大于或小于该值。）</blockquote></p><p> The total of $1,283 and $352 comes to $1,635. Although it is not the same as $1,553, we can regard it as a good approximate value.</p><p><blockquote>1283美元和352美元加起来就是1635美元。虽然和1553美元不一样，但我们可以把它看作一个很好的近似值。</blockquote></p><p> Understandably, if the strike price of our long option had been different (i.e., not $65.00), its delta would have been different, too. Then we need to use that delta value to arrive at the approximate final profit or loss value.</p><p><blockquote>可以理解的是，如果我们的多头期权的执行价格不同（即不是65.00美元），其delta也会不同。然后，我们需要使用该delta值来得出大致的最终利润或损失值。</blockquote></p><p> Therefore, by not investing $9,560 initially in 100 shares of RBLX, the trader’s potential return is leveraged.</p><p><blockquote>因此，通过最初不投资9,560美元购买100股RBLX，交易者的潜在回报就被利用了。</blockquote></p><p> Put another way, the premium the trader initially receives for selling the shorter-dated call option (i.e., $1,283) represents a higher percentage of the initial investment of $4,490 than if the trader bought 100 shares of RBLX outright at $9,560.</p><p><blockquote>换句话说，交易者最初因出售短期看涨期权期权而获得的权利金（即1,283美元）占初始投资4,490美元的百分比高于交易者以9,560美元直接购买100股RBLX股票的百分比。</blockquote></p><p> Ideally, the trader hopes the short call will expire out-of-the money (worthless). Then, the trader can sell one call after the other, until the long LEAPS call expires in about a year and half.</p><p><blockquote>理想情况下，交易者希望空头看涨期权到期时价外（一文不值）。然后，交易者可以一个接一个地卖出看涨期权，直到跳远看涨期权在大约一年半后到期。</blockquote></p><p> <b>Position Management</b></p><p><blockquote><b>职位管理</b></blockquote></p><p> Active position management in a diagonal debit spread is typically more difficult for novice traders.</p><p><blockquote>对于新手交易者来说，对角线借方价差中的主动头寸管理通常更加困难。</blockquote></p><p> If RBLX is above $100 on Aug. 20, the position will make less than the potential maximum return as the short-dated option will start losing money.</p><p><blockquote>如果RBLX在8月20日高于100美元，该头寸的收益将低于潜在的最大回报，因为短期期权将开始亏损。</blockquote></p><p> Then, the trader might feel the need to close the trade early if the RBLX price shoots up and the short call gets caught deep ITM. In that case, the trader might need to close the entire trade and start over, or put together alternative option strategies.</p><p><blockquote>然后，如果RBLX价格飙升并且空头看涨期权陷入深度ITM，交易者可能会觉得有必要提前平仓交易。在这种情况下，交易者可能需要关闭整个交易并重新开始，或者整合替代期权策略。</blockquote></p><p> In a regular covered call, the trader might not necessarily mind being assigned the short option as s/he owns 100 shares of RBLX as well. However, in a poor person’s covered call, the trader would not necessarily want to be assigned the short call as s/he does not actually own those RBLX shares yet.</p><p><blockquote>在常规备兑看涨期权中，交易者可能不一定介意被分配空头期权，因为他/她也拥有100股RBLX股票。然而，在穷人的覆盖看涨期权中，交易者不一定希望被分配空头看涨期权，因为他/她实际上还没有拥有这些RBLX股票。</blockquote></p><p> On Aug. 20, this LEAPS covered call trade would, in theory, also start losing money if the RBLX stock price falls to about $81 or below. However, the actual break-even point could be different as there are different variables that affect the price of an option. Understandably, a stock's price could drop to $0, decreasing the value of the long call with it.</p><p><blockquote>8月20日，理论上，如果RBLX股价跌至约81美元或以下，看涨期权交易也将开始亏损。然而，实际的盈亏平衡点可能会有所不同，因为影响期权价格的变量不同。可以理解的是，股票价格可能会跌至0美元，从而降低多头看涨期权的价值。</blockquote></p><p> Finally, we must also remind readers that deep ITM LEAPS options tend to have high bid/ask spreads. Therefore, every time the trader buys or sells a LEAPS option, there could be a significant transaction cost.</p><p><blockquote>最后，我们还必须提醒读者，深度ITM LEAPS期权往往有很高的买卖价差。因此，每次交易者买入或卖出LEAPS期权时，都可能产生巨大的交易成本。</blockquote></p><p> In future weeks, we’ll continue our discussion with different examples of options strategies.</p><p><blockquote>在接下来的几周里，我们将继续讨论期权策略的不同例子。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RBLX":"Roblox Corporation"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1116680979","content_text":"Roblox(NYSE:RBLX) stock has been getting increased attention in recent days. Shares of the company, which is behind the gaming app of the same name, made their Wall Street debut on Mar. 10, opening just shy of $65. Roblox is currently hovering at $95.74.\nThe gaming platform depends on individual developers to create content. Analysts highlight that as a social media and gaming platform, Roblox could see considerable growth in the coming quarters.\nTherefore, potential investors might want to include the stock in their growth portfolio. However, buying 100 shares of RBLX stock would cost around $9,560, a considerable investment for many people.\nSome investors prefer to put together a \"poor person's covered call\" on the stock instead. Therefore, today we introduce a diagonal debit spread on RBLX by using LEAPS options. Such a strategy is sometimes used to replicate a covered call position at a considerably lower cost.\nInvestors who are new to options might want to-revisit our previous articles on LEAPS options (for example,hereandhere) first, before reading further.\nA Diagonal Debit Spread On RBLX Stock\nCurrent Price:$95.74\n52-Week Range:$60.50 - $98.95\nRoblox Weekly Chart\nLEAPS stands for \"Long-Term Equity Anticipation Securities.” Readers might also see websites referring to them as LEAP options or LEAPs.\nInvestors who believe in the long-run growth potential of underlying assets, such as Roblox stock, could consider using LEAPS options, which are long-dated, usually one to two years till expiration.\nInvestors like LEAPS as they “cost less” than stocks, as they are offered at option contract prices.\nA trader first buys a “longer-term” call with a lower strike price. At the same time, the trader sells a “shorter-term” call with a higher strike price, creating a long diagonal spread.\nIn other words, the call options for the underlying stock have different strikes and different expiration dates. The trader goes long one option and shorts the other to make a diagonal spread.\nIn this LEAPS covered call strategy, both the profit potential and risk are limited. The trader establishes the position for a net debit (or cost). The net debit represents the maximum loss.\nMost traders entering such a strategy would be mildly bullish on the underlying security—here, Roblox.\nInstead of buying 100 shares of Roblox, the trader would buy a deep-in-the-money LEAPS call option, where that LEAPS call acts as a “surrogate” for owning the Roblox stock.\nAs we write on Tuesday afternoon, Roblox stock is $95.60. Therefore, for this post, we'll use this price.\nFor the first leg of this strategy, the trader might buy a deep in-the-money (ITM) LEAPS call, such as the RBLX Jan. 20, 2023, 65-strike call option. This option is currently offered at $44.90 (mid-point of the current bid and ask spread). In other words, it would cost the trader $4,490 instead of $9,560 to own this call option that expires in over one and a half years.\nThe delta of this option is about 0.80. Delta shows the amount an option’s price is expected to move based on a $1 change in the underlying security.\nIn this example, if Roblox stock goes up $1, to $96.60, the current option price of $44.90 would be expected to increase by approximately 80 cents, based on a delta of 0.80. However, the actual change might be slightly more or less depending on several other factors that are beyond the scope of this article.\nSo an option’s delta increases as one goes deeper into the money. Traders would use deep ITM LEAPS strikes because as delta approaches 1, a LEAPS option's price moves begin to mirror that of the underlying stock. In simple terms, a delta of 0.80 would be like owning 80 shares of RBLX in this example (as opposed to 100 in a regular covered call).\nFor the second leg of this strategy, the trader sells an out-of-the-money (OTM) short-term call, like the RBLX Aug. 20, 2021, 100-strike call option. This option’s current premium is $12.83. In other words, the option seller would receive $1,283, excluding trading commissions.\nThere are two expiration dates in the strategy, making it quite difficult to give an exact formula for a break-even point in this trade.\nDifferent brokers or online websites might offer “profit and loss calculators” for such a trade setup. Calculating the value of back-month (i.e., LEAPS call) when the front-month (i.e., the shorter-dated) call option expires requires a pricing model to get a “guesstimate” for a break-even point.\nMaximum Profit Potential\nThe maximum potential is realized if the stock price is equal to the strike price of the short call on the expiration date of the short call.\nIn other words, the trader wants the RBLX stock price to remain as close to the strike price of the short option (i.e., $100 here) as possible at expiration (on Aug. 20, 2021), without going above it.\nIn our example, the maximum return, in theory, would be about $1,553 at a price of $100.00 at expiry, excluding trading commissions and costs. (We arrived at this value using a profit and loss calculator online).\nWithout the use of such a calculator, we could also arrive at an approximate dollar value. Let’s take a look:\nThe option seller (i.e., the trader) received $1,283 for the sold option.\nMeanwhile, the underlying RBLX stock increased from $95.60 to $100. This is a difference of $4.40 per share of RBLX, or $440 for 100 shares.\nBecause the delta of the long LEAPS option is taken as 0.8, the value of the long option will in theory increase by $440X 0.8 = $352 (However, in practice, it might be more or less than this value.)\nThe total of $1,283 and $352 comes to $1,635. Although it is not the same as $1,553, we can regard it as a good approximate value.\nUnderstandably, if the strike price of our long option had been different (i.e., not $65.00), its delta would have been different, too. Then we need to use that delta value to arrive at the approximate final profit or loss value.\nTherefore, by not investing $9,560 initially in 100 shares of RBLX, the trader’s potential return is leveraged.\nPut another way, the premium the trader initially receives for selling the shorter-dated call option (i.e., $1,283) represents a higher percentage of the initial investment of $4,490 than if the trader bought 100 shares of RBLX outright at $9,560.\nIdeally, the trader hopes the short call will expire out-of-the money (worthless). Then, the trader can sell one call after the other, until the long LEAPS call expires in about a year and half.\nPosition Management\nActive position management in a diagonal debit spread is typically more difficult for novice traders.\nIf RBLX is above $100 on Aug. 20, the position will make less than the potential maximum return as the short-dated option will start losing money.\nThen, the trader might feel the need to close the trade early if the RBLX price shoots up and the short call gets caught deep ITM. In that case, the trader might need to close the entire trade and start over, or put together alternative option strategies.\nIn a regular covered call, the trader might not necessarily mind being assigned the short option as s/he owns 100 shares of RBLX as well. However, in a poor person’s covered call, the trader would not necessarily want to be assigned the short call as s/he does not actually own those RBLX shares yet.\nOn Aug. 20, this LEAPS covered call trade would, in theory, also start losing money if the RBLX stock price falls to about $81 or below. However, the actual break-even point could be different as there are different variables that affect the price of an option. Understandably, a stock's price could drop to $0, decreasing the value of the long call with it.\nFinally, we must also remind readers that deep ITM LEAPS options tend to have high bid/ask spreads. 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For US customers aged 60 and above, searches on Airbnb for summer travel rose by more than 60% between February and March.</p><p><blockquote>爱彼迎：该公司表示，随着疫苗变得更加广泛，人们对旅行的兴趣再次激增，并指出在英国首相Boris Johnson在2月份宣布逐步解除封锁的计划后，英国的预订量立即急剧增加。对于60岁及以上的美国客户来说，2月至3月期间，爱彼迎上夏季旅行的搜索量增长了60%以上。</blockquote></p><p> The company is also ready for more customers to use Airbnb for longer-term stays as they take advantage of greater acceptance of remote work. It said that nearly a quarter of stays last quarter were for 28 days or more, up 14% from 2019. Shares are down slightly in premarket trading.</p><p><blockquote>该公司还准备让更多客户使用爱彼迎进行长期住宿，因为他们利用了远程工作的更大接受度。该公司表示，上季度近四分之一的停留时间为28天或以上，比2019年增长了14%。股价在盘前交易中小幅下跌。</blockquote></p><p> DoorDash: People are still ordering lots of food delivery even as restaurants open back up for traditional dining. DoorDash reported a 198% jump in revenue last quarter to $1.1 billion even as it dealt with a shortage of workers, and increased its full-year outlook.</p><p><blockquote>DoorDash：即使餐馆重新开放传统餐饮，人们仍然订购大量外卖。DoorDash报告称，尽管面临工人短缺的问题，上季度收入仍增长198%，达到11亿美元，并上调了全年预期。</blockquote></p><p> \"As markets continued reopening and in-store dining increased across the US, the impact to our order volume was smaller than we expected, which contributed to strong performance in the quarter,\" the company said, though it cautioned that may have been partially attributable to stimulus checks. Shares are up almost 9% in premarket trading.</p><p><blockquote>该公司表示：“随着市场继续重新开放以及美国各地店内餐饮的增加，对我们订单量的影响小于我们的预期，这有助于本季度的强劲业绩。”不过该公司警告说，这可能部分归因于刺激检查。股价在盘前交易中上涨近9%。</blockquote></p><p> Disney: Streaming has carried Disney through the pandemic, with Disney+ growing to more than 100 million subscribers. Yet the biggest star in Disney's media universe appears to be shining a little less bright, sending shares down 4%.</p><p><blockquote>迪士尼：流媒体让迪士尼穿越了疫情，Disney+的订户已经超过1亿。然而，迪士尼媒体领域最大的明星似乎不那么耀眼了，导致股价下跌4%。</blockquote></p><p> The company said Thursday that Disney+ now has 103.6 million subscribers, below the 110 million Wall Street was expecting. That's forced investors to wonder: Is that because people are getting vaccinated and stepping away from streaming? Netflix also reported sluggish subscription growth last quarter.</p><p><blockquote>该公司周四表示，Disney+目前拥有1.036亿订阅用户，低于华尔街预期的1.1亿。这迫使投资者想知道：这是因为人们正在接种疫苗并远离流媒体吗？Netflix上季度的订阅增长也缓慢。</blockquote></p><p> Down but not out: Disney said it remains on track to reach its long-term subscriber goals despite the apparent slowdown. It's betting that as the pandemic eases, it will be able to produce more movies and shows, helping to bring in new customers.</p><p><blockquote>下滑但并未出局：迪士尼表示，尽管经济明显放缓，但仍有望实现其长期订户目标。该公司押注，随着疫情的缓解，它将能够制作更多的电影和节目，帮助吸引新客户。</blockquote></p><p> Whether it's right will become clearer in the months ahead, which will pose the true test of whether people actually ditch their sweatpants, get out of the house and shake up the economy once again.</p><p><blockquote>这是否正确将在未来几个月变得更加清晰，这将是人们是否真的抛弃运动裤、走出家门并再次撼动经济的真正考验。</blockquote></p><p> <b>It could get easier to get a credit card without a credit score</b></p><p><blockquote><b>无需信用评分即可获得信用卡可能会变得更容易</b></blockquote></p><p> For years, if you didn't have a credit score it was extremely difficult to get a credit card or certain types of loans. But a new plan among some of the nation's largest banks may help Americans without traditional credit histories get approved.</p><p><blockquote>多年来，如果你没有信用评分，很难获得信用卡或某些类型的贷款。但美国一些最大银行的一项新计划可能会帮助没有传统信用记录的美国人获得批准。</blockquote></p><p> Ten banks — including JPMorgan Chase (JPM), Wells Fargo (WFC) and U.S. Bancorp (USB) — have tentatively agreed to a plan to share data like bank account deposits and bill payment activity to help qualify borrowers without traditional credit histories, according to the Wall Street Journal.</p><p><blockquote>据报道，包括摩根大通(JPM)、富国银行(WFC)和美国合众银行(USB)在内的十家银行已初步同意一项共享银行账户存款和账单支付活动等数据的计划，以帮助没有传统信用记录的借款人获得资格。华尔街日报。</blockquote></p><p> The push for financial institutions to come to a data sharing agreement came from a program run by the Office of the Comptroller of the Currency. The OCC has confirmed there is a plan, but the details of the agreement among the banks still need to be worked out.</p><p><blockquote>金融机构达成数据共享协议的推动力来自货币监理署运行的一项计划。OCC已确认有一项计划，但银行之间协议的细节仍需制定。</blockquote></p><p> Should the proposed arrangement go through, it would mean that if you don't have a credit score but you have a bank account at Wells Fargo, for example, you can use that financial history to help you get a credit card with another bank, like JPMorgan Chase.</p><p><blockquote>如果拟议的安排获得通过，这将意味着，例如，如果您没有信用评分，但在富国银行拥有银行账户，您可以利用该财务历史记录来帮助您在另一家银行获得信用卡，例如摩根大通。</blockquote></p><p> \"This will give millions of Americans the opportunity to access credit that's essential to building wealth — buying a home, starting a business, or financing education,\" Trish Wexler, a spokesperson for JPMorgan Chase, told CNN Business.</p><p><blockquote>摩根大通发言人特里什·韦克斯勒(Trish Wexler)告诉CNN Business：“这将使数百万美国人有机会获得信贷，这对于积累财富至关重要——买房、创业或资助教育。”</blockquote></p><p> The backstory: There are currently 53 million people without a credit score, according to the Fair Isaac Corporation, the creator of FICO credit scores. These consumers, who are disproportionately lower income and people of color, face higher borrowing costs because they're forced to turn to products like payday loans.</p><p><blockquote>背景故事：根据FICO信用评分的创建者Fair Isaac Corporation的数据，目前有5300万人没有信用评分。这些消费者是不成比例的低收入和有色人种，他们面临更高的借贷成本，因为他们被迫转向发薪日贷款等产品。</blockquote></p><p> Banks and lenders refer to those without credit history as \"credit invisible.\" This group can include young people or recent immigrants, as well as people who haven't used credit in a long time or who have lost their access due to financial difficulties.</p><p><blockquote>银行和贷方将那些没有信用记录的人称为“隐形信用”。这个群体可以包括年轻人或新移民，以及很长时间没有使用信贷或由于经济困难而失去信贷的人。</blockquote></p><p> The business angle: Big banks may also be eager to revise their policies as online upstarts chip away at demand for their products.</p><p><blockquote>商业角度：随着在线新贵削弱对其产品的需求，大银行也可能渴望修改其政策。</blockquote></p><p></p><p> \"Some of this cooperation among the biggest banks may be a bit of reaction to smaller banks and fintech companies infringing on their space,\" said Matt Schulz, chief industry analyst at LendingTree.</p><p><blockquote>LendingTree首席行业分析师马特·舒尔茨(Matt Schulz)表示：“大型银行之间的一些合作可能是对小型银行和金融科技公司侵犯其空间的反应。”</blockquote></p><p> <b>Target will temporarily stop selling trading cards amid frenzy</b></p><p><blockquote><b>Target将在狂热中暂时停止销售交易卡</b></blockquote></p><p> Target (TGT) has announced that it will stop selling trading cards in its stores following a violent dispute at one of its locations — a sign of just how overheated the market for collectibles has become.</p><p><blockquote>塔吉特(TGT)宣布，在其一个门店发生暴力纠纷后，将停止在其商店销售交易卡，这表明收藏品市场已经变得多么过热。</blockquote></p><p> The details: Last week, a Target in Wisconsin was locked down after a man was physically assaulted by four others over sports trading cards.</p><p><blockquote>细节：上周，威斯康星州的一个目标被锁定，此前一名男子因体育交易卡被另外四人殴打。</blockquote></p><p> \"The safety of our guests and our team is our top priority,\" Target said in a statement. \"Out of an abundance of caution, we've decided to temporarily suspend the sale of MLB, NFL, NBA and Pokémon trading cards within our stores, effective [Friday].\"</p><p><blockquote>塔吉特在一份声明中表示：“客人和团队的安全是我们的首要任务。”“出于谨慎，我们决定从[周五]起暂时停止在我们的商店内销售MLB、NFL、NBA和Pokémon交易卡。”</blockquote></p><p> The cards will still be available online, the company said.</p><p><blockquote>该公司表示，这些卡仍将在网上提供。</blockquote></p><p> Remember: The value of trading cards has skyrocketed in recent months during the Covid-19 pandemic. That's grabbed interest from both amateur and professional investors looking to cash in on spectacular returns.</p><p><blockquote>请记住：近几个月来，在Covid-19大流行期间，交易卡的价值飙升。这引起了业余和专业投资者的兴趣，他们希望获得惊人的回报。</blockquote></p><p> Target previously was limiting card purchases to just one item a day, saying that guests were lining up overnight to get their hands on hot items, per CNN affiliate WISN.</p><p><blockquote>据CNN附属机构WISN报道，塔吉特百货此前限制每天只能购买一件商品，称客人会连夜排队购买热门商品。</blockquote></p><p> Walmart (WMT), for its part, said it will keep selling cards in stores for now.</p><p><blockquote>沃尔玛(WMT)则表示，目前将继续在商店销售贺卡。</blockquote></p><p> \"We are determining what, if any, changes are needed to meet customer demand while ensuring a safe and enjoyable shopping experience,\" a spokesperson said in a statement.</p><p><blockquote>一位发言人在一份声明中表示：“我们正在确定需要做出哪些改变（如果有的话），以满足客户需求，同时确保安全、愉快的购物体验。”</blockquote></p><p> <b>Up next</b></p><p><blockquote><b>下一个</b></blockquote></p><p> Data on US retail sales, import and export prices and industrial production arrives at 8:30 a.m. ET.</p><p><blockquote>美国零售销售、进出口价格和工业生产数据将于美国东部时间上午8:30公布。</blockquote></p><p> Coming next week: Home Depot (HD) and Lowe's (LOW) report earnings as the housing market booms.</p><p><blockquote>下周：随着房地产市场的繁荣，家得宝(HD)和劳氏(LOW)公布收益。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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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\">\nWhat Disney, Airbnb and DoorDash results reveal about the post-pandemic economy<blockquote>迪士尼、爱彼迎和DoorDash的业绩揭示了大流行后经济的哪些信息</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">CNN</strong><span class=\"h-time small\">2021-05-14 22:54</span>\n</p>\n</h4>\n</header>\n<article>\n<p>London (CNN Business)Companies are gearing up for an era in which Covid-19 isn't the primary driver of how people spend their money.</p><p><blockquote>伦敦（CNN Business）公司正在为一个新冠肺炎不再是人们花钱的主要驱动力的时代做准备。</blockquote></p><p> The big question: As the coronavirus situation improves in countries like the United States, which trends from the past 14 months will have staying power, and which will be resigned to the pandemic past?</p><p><blockquote>最大的问题是：随着美国等国家冠状病毒情况的改善，过去14个月的哪些趋势将具有持久力，哪些将听天由命于疫情的过去？</blockquote></p><p> Airbnb, DoorDash and Disney (DIS), which reported results after US markets closed on Thursday, provide some idea.</p><p><blockquote>爱彼迎、DoorDash和迪士尼(DIS)在周四美国市场收盘后公布了业绩，这提供了一些思路。</blockquote></p><p> Airbnb: The company said interest in travel is surging again as vaccines become more widely available, pointing to a sharp increase in bookings in the United Kingdom immediately after British Prime Minister Boris Johnson announced plans in February to gradually exit lockdown. For US customers aged 60 and above, searches on Airbnb for summer travel rose by more than 60% between February and March.</p><p><blockquote>爱彼迎：该公司表示，随着疫苗变得更加广泛，人们对旅行的兴趣再次激增，并指出在英国首相Boris Johnson在2月份宣布逐步解除封锁的计划后，英国的预订量立即急剧增加。对于60岁及以上的美国客户来说，2月至3月期间，爱彼迎上夏季旅行的搜索量增长了60%以上。</blockquote></p><p> The company is also ready for more customers to use Airbnb for longer-term stays as they take advantage of greater acceptance of remote work. It said that nearly a quarter of stays last quarter were for 28 days or more, up 14% from 2019. Shares are down slightly in premarket trading.</p><p><blockquote>该公司还准备让更多客户使用爱彼迎进行长期住宿，因为他们利用了远程工作的更大接受度。该公司表示，上季度近四分之一的停留时间为28天或以上，比2019年增长了14%。股价在盘前交易中小幅下跌。</blockquote></p><p> DoorDash: People are still ordering lots of food delivery even as restaurants open back up for traditional dining. DoorDash reported a 198% jump in revenue last quarter to $1.1 billion even as it dealt with a shortage of workers, and increased its full-year outlook.</p><p><blockquote>DoorDash：即使餐馆重新开放传统餐饮，人们仍然订购大量外卖。DoorDash报告称，尽管面临工人短缺的问题，上季度收入仍增长198%，达到11亿美元，并上调了全年预期。</blockquote></p><p> \"As markets continued reopening and in-store dining increased across the US, the impact to our order volume was smaller than we expected, which contributed to strong performance in the quarter,\" the company said, though it cautioned that may have been partially attributable to stimulus checks. Shares are up almost 9% in premarket trading.</p><p><blockquote>该公司表示：“随着市场继续重新开放以及美国各地店内餐饮的增加，对我们订单量的影响小于我们的预期，这有助于本季度的强劲业绩。”不过该公司警告说，这可能部分归因于刺激检查。股价在盘前交易中上涨近9%。</blockquote></p><p> Disney: Streaming has carried Disney through the pandemic, with Disney+ growing to more than 100 million subscribers. Yet the biggest star in Disney's media universe appears to be shining a little less bright, sending shares down 4%.</p><p><blockquote>迪士尼：流媒体让迪士尼穿越了疫情，Disney+的订户已经超过1亿。然而，迪士尼媒体领域最大的明星似乎不那么耀眼了，导致股价下跌4%。</blockquote></p><p> The company said Thursday that Disney+ now has 103.6 million subscribers, below the 110 million Wall Street was expecting. That's forced investors to wonder: Is that because people are getting vaccinated and stepping away from streaming? Netflix also reported sluggish subscription growth last quarter.</p><p><blockquote>该公司周四表示，Disney+目前拥有1.036亿订阅用户，低于华尔街预期的1.1亿。这迫使投资者想知道：这是因为人们正在接种疫苗并远离流媒体吗？Netflix上季度的订阅增长也缓慢。</blockquote></p><p> Down but not out: Disney said it remains on track to reach its long-term subscriber goals despite the apparent slowdown. It's betting that as the pandemic eases, it will be able to produce more movies and shows, helping to bring in new customers.</p><p><blockquote>下滑但并未出局：迪士尼表示，尽管经济明显放缓，但仍有望实现其长期订户目标。该公司押注，随着疫情的缓解，它将能够制作更多的电影和节目，帮助吸引新客户。</blockquote></p><p> Whether it's right will become clearer in the months ahead, which will pose the true test of whether people actually ditch their sweatpants, get out of the house and shake up the economy once again.</p><p><blockquote>这是否正确将在未来几个月变得更加清晰，这将是人们是否真的抛弃运动裤、走出家门并再次撼动经济的真正考验。</blockquote></p><p> <b>It could get easier to get a credit card without a credit score</b></p><p><blockquote><b>无需信用评分即可获得信用卡可能会变得更容易</b></blockquote></p><p> For years, if you didn't have a credit score it was extremely difficult to get a credit card or certain types of loans. But a new plan among some of the nation's largest banks may help Americans without traditional credit histories get approved.</p><p><blockquote>多年来，如果你没有信用评分，很难获得信用卡或某些类型的贷款。但美国一些最大银行的一项新计划可能会帮助没有传统信用记录的美国人获得批准。</blockquote></p><p> Ten banks — including JPMorgan Chase (JPM), Wells Fargo (WFC) and U.S. Bancorp (USB) — have tentatively agreed to a plan to share data like bank account deposits and bill payment activity to help qualify borrowers without traditional credit histories, according to the Wall Street Journal.</p><p><blockquote>据报道，包括摩根大通(JPM)、富国银行(WFC)和美国合众银行(USB)在内的十家银行已初步同意一项共享银行账户存款和账单支付活动等数据的计划，以帮助没有传统信用记录的借款人获得资格。华尔街日报。</blockquote></p><p> The push for financial institutions to come to a data sharing agreement came from a program run by the Office of the Comptroller of the Currency. The OCC has confirmed there is a plan, but the details of the agreement among the banks still need to be worked out.</p><p><blockquote>金融机构达成数据共享协议的推动力来自货币监理署运行的一项计划。OCC已确认有一项计划，但银行之间协议的细节仍需制定。</blockquote></p><p> Should the proposed arrangement go through, it would mean that if you don't have a credit score but you have a bank account at Wells Fargo, for example, you can use that financial history to help you get a credit card with another bank, like JPMorgan Chase.</p><p><blockquote>如果拟议的安排获得通过，这将意味着，例如，如果您没有信用评分，但在富国银行拥有银行账户，您可以利用该财务历史记录来帮助您在另一家银行获得信用卡，例如摩根大通。</blockquote></p><p> \"This will give millions of Americans the opportunity to access credit that's essential to building wealth — buying a home, starting a business, or financing education,\" Trish Wexler, a spokesperson for JPMorgan Chase, told CNN Business.</p><p><blockquote>摩根大通发言人特里什·韦克斯勒(Trish Wexler)告诉CNN Business：“这将使数百万美国人有机会获得信贷，这对于积累财富至关重要——买房、创业或资助教育。”</blockquote></p><p> The backstory: There are currently 53 million people without a credit score, according to the Fair Isaac Corporation, the creator of FICO credit scores. These consumers, who are disproportionately lower income and people of color, face higher borrowing costs because they're forced to turn to products like payday loans.</p><p><blockquote>背景故事：根据FICO信用评分的创建者Fair Isaac Corporation的数据，目前有5300万人没有信用评分。这些消费者是不成比例的低收入和有色人种，他们面临更高的借贷成本，因为他们被迫转向发薪日贷款等产品。</blockquote></p><p> Banks and lenders refer to those without credit history as \"credit invisible.\" This group can include young people or recent immigrants, as well as people who haven't used credit in a long time or who have lost their access due to financial difficulties.</p><p><blockquote>银行和贷方将那些没有信用记录的人称为“隐形信用”。这个群体可以包括年轻人或新移民，以及很长时间没有使用信贷或由于经济困难而失去信贷的人。</blockquote></p><p> The business angle: Big banks may also be eager to revise their policies as online upstarts chip away at demand for their products.</p><p><blockquote>商业角度：随着在线新贵削弱对其产品的需求，大银行也可能渴望修改其政策。</blockquote></p><p></p><p> \"Some of this cooperation among the biggest banks may be a bit of reaction to smaller banks and fintech companies infringing on their space,\" said Matt Schulz, chief industry analyst at LendingTree.</p><p><blockquote>LendingTree首席行业分析师马特·舒尔茨(Matt Schulz)表示：“大型银行之间的一些合作可能是对小型银行和金融科技公司侵犯其空间的反应。”</blockquote></p><p> <b>Target will temporarily stop selling trading cards amid frenzy</b></p><p><blockquote><b>Target将在狂热中暂时停止销售交易卡</b></blockquote></p><p> Target (TGT) has announced that it will stop selling trading cards in its stores following a violent dispute at one of its locations — a sign of just how overheated the market for collectibles has become.</p><p><blockquote>塔吉特(TGT)宣布，在其一个门店发生暴力纠纷后，将停止在其商店销售交易卡，这表明收藏品市场已经变得多么过热。</blockquote></p><p> The details: Last week, a Target in Wisconsin was locked down after a man was physically assaulted by four others over sports trading cards.</p><p><blockquote>细节：上周，威斯康星州的一个目标被锁定，此前一名男子因体育交易卡被另外四人殴打。</blockquote></p><p> \"The safety of our guests and our team is our top priority,\" Target said in a statement. \"Out of an abundance of caution, we've decided to temporarily suspend the sale of MLB, NFL, NBA and Pokémon trading cards within our stores, effective [Friday].\"</p><p><blockquote>塔吉特在一份声明中表示：“客人和团队的安全是我们的首要任务。”“出于谨慎，我们决定从[周五]起暂时停止在我们的商店内销售MLB、NFL、NBA和Pokémon交易卡。”</blockquote></p><p> The cards will still be available online, the company said.</p><p><blockquote>该公司表示，这些卡仍将在网上提供。</blockquote></p><p> Remember: The value of trading cards has skyrocketed in recent months during the Covid-19 pandemic. That's grabbed interest from both amateur and professional investors looking to cash in on spectacular returns.</p><p><blockquote>请记住：近几个月来，在Covid-19大流行期间，交易卡的价值飙升。这引起了业余和专业投资者的兴趣，他们希望获得惊人的回报。</blockquote></p><p> Target previously was limiting card purchases to just one item a day, saying that guests were lining up overnight to get their hands on hot items, per CNN affiliate WISN.</p><p><blockquote>据CNN附属机构WISN报道，塔吉特百货此前限制每天只能购买一件商品，称客人会连夜排队购买热门商品。</blockquote></p><p> Walmart (WMT), for its part, said it will keep selling cards in stores for now.</p><p><blockquote>沃尔玛(WMT)则表示，目前将继续在商店销售贺卡。</blockquote></p><p> \"We are determining what, if any, changes are needed to meet customer demand while ensuring a safe and enjoyable shopping experience,\" a spokesperson said in a statement.</p><p><blockquote>一位发言人在一份声明中表示：“我们正在确定需要做出哪些改变（如果有的话），以满足客户需求，同时确保安全、愉快的购物体验。”</blockquote></p><p> <b>Up next</b></p><p><blockquote><b>下一个</b></blockquote></p><p> Data on US retail sales, import and export prices and industrial production arrives at 8:30 a.m. ET.</p><p><blockquote>美国零售销售、进出口价格和工业生产数据将于美国东部时间上午8:30公布。</blockquote></p><p> Coming next week: Home Depot (HD) and Lowe's (LOW) report earnings as the housing market booms.</p><p><blockquote>下周：随着房地产市场的繁荣，家得宝(HD)和劳氏(LOW)公布收益。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://edition.cnn.com/2021/05/14/investing/premarket-stocks-trading/index.html\">CNN</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":{"DASH":"DoorDash, Inc.","DIS":"迪士尼","ABNB":"爱彼迎"},"source_url":"https://edition.cnn.com/2021/05/14/investing/premarket-stocks-trading/index.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1173244066","content_text":"London (CNN Business)Companies are gearing up for an era in which Covid-19 isn't the primary driver of how people spend their money.\nThe big question: As the coronavirus situation improves in countries like the United States, which trends from the past 14 months will have staying power, and which will be resigned to the pandemic past?\nAirbnb, DoorDash and Disney (DIS), which reported results after US markets closed on Thursday, provide some idea.\nAirbnb: The company said interest in travel is surging again as vaccines become more widely available, pointing to a sharp increase in bookings in the United Kingdom immediately after British Prime Minister Boris Johnson announced plans in February to gradually exit lockdown. For US customers aged 60 and above, searches on Airbnb for summer travel rose by more than 60% between February and March.\nThe company is also ready for more customers to use Airbnb for longer-term stays as they take advantage of greater acceptance of remote work. It said that nearly a quarter of stays last quarter were for 28 days or more, up 14% from 2019. Shares are down slightly in premarket trading.\nDoorDash: People are still ordering lots of food delivery even as restaurants open back up for traditional dining. DoorDash reported a 198% jump in revenue last quarter to $1.1 billion even as it dealt with a shortage of workers, and increased its full-year outlook.\n\"As markets continued reopening and in-store dining increased across the US, the impact to our order volume was smaller than we expected, which contributed to strong performance in the quarter,\" the company said, though it cautioned that may have been partially attributable to stimulus checks. Shares are up almost 9% in premarket trading.\nDisney: Streaming has carried Disney through the pandemic, with Disney+ growing to more than 100 million subscribers. Yet the biggest star in Disney's media universe appears to be shining a little less bright, sending shares down 4%.\nThe company said Thursday that Disney+ now has 103.6 million subscribers, below the 110 million Wall Street was expecting. That's forced investors to wonder: Is that because people are getting vaccinated and stepping away from streaming? Netflix also reported sluggish subscription growth last quarter.\nDown but not out: Disney said it remains on track to reach its long-term subscriber goals despite the apparent slowdown. It's betting that as the pandemic eases, it will be able to produce more movies and shows, helping to bring in new customers.\nWhether it's right will become clearer in the months ahead, which will pose the true test of whether people actually ditch their sweatpants, get out of the house and shake up the economy once again.\nIt could get easier to get a credit card without a credit score\nFor years, if you didn't have a credit score it was extremely difficult to get a credit card or certain types of loans. But a new plan among some of the nation's largest banks may help Americans without traditional credit histories get approved.\nTen banks — including JPMorgan Chase (JPM), Wells Fargo (WFC) and U.S. Bancorp (USB) — have tentatively agreed to a plan to share data like bank account deposits and bill payment activity to help qualify borrowers without traditional credit histories, according to the Wall Street Journal.\nThe push for financial institutions to come to a data sharing agreement came from a program run by the Office of the Comptroller of the Currency. The OCC has confirmed there is a plan, but the details of the agreement among the banks still need to be worked out.\nShould the proposed arrangement go through, it would mean that if you don't have a credit score but you have a bank account at Wells Fargo, for example, you can use that financial history to help you get a credit card with another bank, like JPMorgan Chase.\n\"This will give millions of Americans the opportunity to access credit that's essential to building wealth — buying a home, starting a business, or financing education,\" Trish Wexler, a spokesperson for JPMorgan Chase, told CNN Business.\nThe backstory: There are currently 53 million people without a credit score, according to the Fair Isaac Corporation, the creator of FICO credit scores. These consumers, who are disproportionately lower income and people of color, face higher borrowing costs because they're forced to turn to products like payday loans.\nBanks and lenders refer to those without credit history as \"credit invisible.\" This group can include young people or recent immigrants, as well as people who haven't used credit in a long time or who have lost their access due to financial difficulties.\nThe business angle: Big banks may also be eager to revise their policies as online upstarts chip away at demand for their products.\n\"Some of this cooperation among the biggest banks may be a bit of reaction to smaller banks and fintech companies infringing on their space,\" said Matt Schulz, chief industry analyst at LendingTree.\nTarget will temporarily stop selling trading cards amid frenzy\nTarget (TGT) has announced that it will stop selling trading cards in its stores following a violent dispute at one of its locations — a sign of just how overheated the market for collectibles has become.\nThe details: Last week, a Target in Wisconsin was locked down after a man was physically assaulted by four others over sports trading cards.\n\"The safety of our guests and our team is our top priority,\" Target said in a statement. \"Out of an abundance of caution, we've decided to temporarily suspend the sale of MLB, NFL, NBA and Pokémon trading cards within our stores, effective [Friday].\"\nThe cards will still be available online, the company said.\nRemember: The value of trading cards has skyrocketed in recent months during the Covid-19 pandemic. That's grabbed interest from both amateur and professional investors looking to cash in on spectacular returns.\nTarget previously was limiting card purchases to just one item a day, saying that guests were lining up overnight to get their hands on hot items, per CNN affiliate WISN.\nWalmart (WMT), for its part, said it will keep selling cards in stores for now.\n\"We are determining what, if any, changes are needed to meet customer demand while ensuring a safe and enjoyable shopping experience,\" a spokesperson said in a statement.\nUp next\nData on US retail sales, import and export prices and industrial production arrives at 8:30 a.m. ET.\nComing next week: Home Depot (HD) and Lowe's (LOW) report earnings as the housing market 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[LOL] [LOL]","images":[{"img":"https://static.tigerbbs.com/647a5d486e462347eae6d4c8d0401194","width":"1125","height":"3213"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/191749325","isVote":1,"tweetType":1,"viewCount":2393,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":199646468,"gmtCreate":1620702585554,"gmtModify":1634196969530,"author":{"id":"3571392409099070","authorId":"3571392409099070","name":"ConnieCD","avatar":"https://static.tigerbbs.com/915b685005c69f07e82d31330014218b","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571392409099070","authorIdStr":"3571392409099070"},"themes":[],"htmlText":"Okie thanks&nbsp;","listText":"Okie thanks&nbsp;","text":"Okie 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gg","images":[{"img":"https://static.tigerbbs.com/3faf630b8ed79ae1455b414d254c7e8f","width":"1125","height":"2963"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/105852717","isVote":1,"tweetType":1,"viewCount":781,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":102261522,"gmtCreate":1620218819866,"gmtModify":1631883954842,"author":{"id":"3571392409099070","authorId":"3571392409099070","name":"ConnieCD","avatar":"https://static.tigerbbs.com/915b685005c69f07e82d31330014218b","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571392409099070","authorIdStr":"3571392409099070"},"themes":[],"htmlText":"Best Buy&nbsp;","listText":"Best Buy&nbsp;","text":"Best Buy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/102261522","repostId":"1115203133","repostType":4,"repost":{"id":"1115203133","kind":"news","pubTimestamp":1620178775,"share":"https://www.laohu8.com/m/news/1115203133?lang=zh_CN&edition=full","pubTime":"2021-05-05 09:39","market":"us","language":"en","title":"Why is dogecoin’s price spiking? The crypto has surged 11,000% in 2021<blockquote>狗狗币价格为何飙升？2021年加密货币飙升11,000%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1115203133","media":"Market Wacth","summary":"Every dog has its day…but a whole year?Indeed, dogecoin, the meme cryptocurrency linked to an image ","content":"<p>Every dog has its day…but a whole year?</p><p><blockquote>每只狗都有它的一天…但是一整年呢？</blockquote></p><p>Indeed, dogecoin, the meme cryptocurrency linked to an image of a Shiba Inu dog, has been enjoying one of the best years for cryptocurrency in recent memory, boasting year-to-date gains of more than 11,000% and putting it in the top 10 of the most highly valued digital assets this year.</p><p><blockquote>事实上，狗狗币（与柴犬图像相关的模因加密货币）一直是近年来加密货币最好的一年，今年迄今的涨幅超过11,000%，并跻身前10名今年最有价值的数字资产。</blockquote></p><p>At last check, dogecoinDOGEUSD,+8.26%was changing hands at 54 cents, up more than 23% in the past 24 hours and up around 11,210% so far in 2021, according to CoinDesk.</p><p><blockquote>根据CoinDesk的数据，根据上次检查，dogecoinDOGEUSD,+8.26%的易手价格为54美分，过去24小时内上涨了23%以上，2021年迄今为止上涨了约11,210%。</blockquote></p><p>That parabolic rise is drawing both applause and apprehension as its supporters aim to drive the parody coin to a value near $1, with critics warning that the asset bears all the hallmarks of an asset bubble that is bound to pop and leave carnage in its wake.</p><p><blockquote>这种抛物线式上涨既引起了掌声，也引起了担忧，因为其支持者的目标是将这枚模仿硬币的价值推至接近1美元，批评者警告说，该资产具有资产泡沫的所有特征，资产泡沫必然会破裂并留下大屠杀。</blockquote></p><p>Only, don’t tell that to those cheerleading the crypto, or risk being met with this common refrain: “enjoy being poor.”<img src=\"https://static.tigerbbs.com/7c7201d3eb982c0d5d636bf8ff4a1ca7\" tg-width=\"505\" tg-height=\"367\" referrerpolicy=\"no-referrer\">So why is dogecoin, pronounced “dōj-coin,”&nbsp;on such a monumental tear that has outstripped crypto considered more serious representatives of the age of digital assets and blockchain? Here are a few reasons:</p><p><blockquote>只是，不要告诉那些为加密货币欢呼的人，否则就有可能遇到这种常见的重复：“享受贫穷。”那么，为什么狗狗币（发音为“dōj-coin”）会遭受如此巨大的损失，以至于超过了被认为是数字资产和区块链时代更严肃代表的加密货币？以下是一些原因：</blockquote></p><p>Its biggest booster set to guest host ‘SNL’</p><p><blockquote>其最大的助推器将是客座主持人“SNL”</blockquote></p><p>Elon Musk, CEO of Tesla Inc. and SpaceX, will host “Saturday Night Live” this weekend, which has already drawn&nbsp;cheers and jeers&nbsp;for the technologist. He has become one of the most prominent and vocal champions of dogecoin this year and some speculate that he could do something to promote doge.</p><p><blockquote>特斯拉公司和SpaceX的首席执行官Elon Musk将于本周末主持“周六夜现场”，这已经为这位技术专家赢得了欢呼和嘲笑。他已经成为今年dogecoin最著名和最直言不讳的拥护者之一，一些人猜测他可以做些什么来推广doge。</blockquote></p><p>Musk did refer to himself as the “dogefather” in one recent tweet ahead of his “Saturday Night Live” gig.</p><p><blockquote>马斯克在《周六夜现场》演出前的一条推文中确实称自己为“狗爸爸”。</blockquote></p><p><img src=\"https://static.tigerbbs.com/54a1a1602240507ad985c5efcb2571f5\" tg-width=\"501\" tg-height=\"177\" referrerpolicy=\"no-referrer\">Brokerages trade dogecoin</p><p><blockquote>券商交易狗狗币</blockquote></p><p>A number of new venues have announced that they will trade dogecoin on their exchanges in recent days and weeks.</p><p><blockquote>一些新的场所已经宣布，他们将在最近几天和几周内在他们的交易所交易狗狗币。</blockquote></p><p>Crypto exchange Geminion Tuesdayannounced trading and custody support for the coin. Trading platform&nbsp;eToro also made dogecoin&nbsp;available for trading on its platform.Webullallowed its users to purchase dogecoin back on April 20.</p><p><blockquote>加密货币交易所Geminion周二宣布支持该硬币的交易和托管。交易平台eToro也在其平台上提供狗狗币交易。Webull于4月20日允许其用户重新购买狗狗币。</blockquote></p><p>FOMO</p><p><blockquote>FOMO</blockquote></p><p>Fear of missing out also is said to be behind the surge. Some crypto participants speculate that the rise in dogecoin is being supported by retail traders who see the parody coin as more accessible investment (or trade) than, say, bitcoinBTCUSD,-0.16%,which was changing hands at $54,000, at last check on CoinDesk.</p><p><blockquote>据说，对错过的恐惧也是激增的原因。一些加密货币参与者推测，狗狗币的上涨得到了散户交易者的支持，他们认为这种模仿币比比特币BTCUSD(-0.16%)更容易获得投资（或交易），比特币BTCUSD(-0.16%)在CoinDesk上最后一次检查时易手价格为54,000美元。</blockquote></p><p>“Dogecoin&nbsp;is surging because many cryptocurrency traders do not want to miss out on any buzz that stems from Elon Musk’s hosting of ‘Saturday Night Live,’” wrote Edward Moya, senior market analyst at Oanda, in a daily note.</p><p><blockquote>Oanda高级市场分析师爱德华·莫亚(Edward Moya)在每日报告中写道：“狗狗币正在飙升，因为许多加密货币交易者不想错过埃隆·马斯克(Elon Musk)主持《周六夜现场》(Saturday Night Live)引发的任何轰动。”</blockquote></p><p>Gains in traditional assets also might seem more pedestrian. By comparison, gold futuresGC00,0.17%are down 6% so far this year, the Dow Jones Industrial AverageDJIA,+0.06%and the S&amp;P 500 indexSPX,-0.67%are up by at least 10% in 2021, while the Nasdaq Composite IndexCOMP,-1.88%has gained over 5%.</p><p><blockquote>传统资产的收益也可能看起来更加平淡无奇。相比之下，黄金期货GC00, 0.17%今年迄今已下跌6%，道琼斯工业平均指数DJIA,+0.06%和标普500指数SPX,-0.67%在2021年至少上涨10%，而纳斯达克综合指数COMP,-1.88%涨幅超过5%。</blockquote></p><p>Accessibility</p><p><blockquote>可访问性</blockquote></p><p>Konstantin Boyko-Romanovsky, CEO of&nbsp;Allnodes, via an emailed message, said he viewed support from Musk and fellow billionaire Mark Cuban as central to the bull thesis for dogecoin, but also said that some may perceive the crypto as more accessible compared against bitcoin, which hit a recent peak above $60,000 before cooling.</p><p><blockquote>Allnodes首席执行官康斯坦丁·博伊科-罗曼诺夫斯基(Konstantin Boyko-Romanovsky)通过电子邮件表示，他认为马斯克和亿万富翁马克·库班(Mark Cuban)的支持是狗狗币牛市论点的核心，但也表示，有些人可能认为与比特币相比，这种加密货币更容易使用，最近在冷却之前触及60,000美元以上的峰值。</blockquote></p><p>“It appeals more to the general public because it costs so little. $60,000 for a single bitcoin may be intimidating to some. In a way, doge then is more like a USD but in a digital form,” he wrote.</p><p><blockquote>“它对公众更有吸引力，因为它的成本很低。一张比特币6万美元可能会让一些人感到害怕。在某种程度上，doge更像是一种美元，但以数字形式，”他写道。</blockquote></p><p>Bubbles &amp; manias</p><p><blockquote>泡沫与狂热</blockquote></p><p>Moya wrote that the dogecoin bubble should have “popped by now, but institutional interest is trying to take advantage of this momentum and that could support another push higher.”</p><p><blockquote>莫亚写道，狗狗币泡沫“现在应该已经破裂，但机构兴趣正试图利用这一势头，这可能会支持进一步推高。”</blockquote></p><p>Many skeptics warn that dogecoin could leave a lot of newbie investors hemorrhaging losses if they wade into the asset imprudently.</p><p><blockquote>许多怀疑论者警告说，如果狗狗币不谨慎地涉足该资产，可能会给许多新手投资者带来巨大损失。</blockquote></p><p></p>","source":"lsy1604288433698","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why is dogecoin’s price spiking? The crypto has surged 11,000% in 2021<blockquote>狗狗币价格为何飙升？2021年加密货币飙升11,000%</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy is dogecoin’s price spiking? The crypto has surged 11,000% in 2021<blockquote>狗狗币价格为何飙升？2021年加密货币飙升11,000%</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Market Wacth</strong><span class=\"h-time small\">2021-05-05 09:39</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Every dog has its day…but a whole year?</p><p><blockquote>每只狗都有它的一天…但是一整年呢？</blockquote></p><p>Indeed, dogecoin, the meme cryptocurrency linked to an image of a Shiba Inu dog, has been enjoying one of the best years for cryptocurrency in recent memory, boasting year-to-date gains of more than 11,000% and putting it in the top 10 of the most highly valued digital assets this year.</p><p><blockquote>事实上，狗狗币（与柴犬图像相关的模因加密货币）一直是近年来加密货币最好的一年，今年迄今的涨幅超过11,000%，并跻身前10名今年最有价值的数字资产。</blockquote></p><p>At last check, dogecoinDOGEUSD,+8.26%was changing hands at 54 cents, up more than 23% in the past 24 hours and up around 11,210% so far in 2021, according to CoinDesk.</p><p><blockquote>根据CoinDesk的数据，根据上次检查，dogecoinDOGEUSD,+8.26%的易手价格为54美分，过去24小时内上涨了23%以上，2021年迄今为止上涨了约11,210%。</blockquote></p><p>That parabolic rise is drawing both applause and apprehension as its supporters aim to drive the parody coin to a value near $1, with critics warning that the asset bears all the hallmarks of an asset bubble that is bound to pop and leave carnage in its wake.</p><p><blockquote>这种抛物线式上涨既引起了掌声，也引起了担忧，因为其支持者的目标是将这枚模仿硬币的价值推至接近1美元，批评者警告说，该资产具有资产泡沫的所有特征，资产泡沫必然会破裂并留下大屠杀。</blockquote></p><p>Only, don’t tell that to those cheerleading the crypto, or risk being met with this common refrain: “enjoy being poor.”<img src=\"https://static.tigerbbs.com/7c7201d3eb982c0d5d636bf8ff4a1ca7\" tg-width=\"505\" tg-height=\"367\" referrerpolicy=\"no-referrer\">So why is dogecoin, pronounced “dōj-coin,”&nbsp;on such a monumental tear that has outstripped crypto considered more serious representatives of the age of digital assets and blockchain? Here are a few reasons:</p><p><blockquote>只是，不要告诉那些为加密货币欢呼的人，否则就有可能遇到这种常见的重复：“享受贫穷。”那么，为什么狗狗币（发音为“dōj-coin”）会遭受如此巨大的损失，以至于超过了被认为是数字资产和区块链时代更严肃代表的加密货币？以下是一些原因：</blockquote></p><p>Its biggest booster set to guest host ‘SNL’</p><p><blockquote>其最大的助推器将是客座主持人“SNL”</blockquote></p><p>Elon Musk, CEO of Tesla Inc. and SpaceX, will host “Saturday Night Live” this weekend, which has already drawn&nbsp;cheers and jeers&nbsp;for the technologist. He has become one of the most prominent and vocal champions of dogecoin this year and some speculate that he could do something to promote doge.</p><p><blockquote>特斯拉公司和SpaceX的首席执行官Elon Musk将于本周末主持“周六夜现场”，这已经为这位技术专家赢得了欢呼和嘲笑。他已经成为今年dogecoin最著名和最直言不讳的拥护者之一，一些人猜测他可以做些什么来推广doge。</blockquote></p><p>Musk did refer to himself as the “dogefather” in one recent tweet ahead of his “Saturday Night Live” gig.</p><p><blockquote>马斯克在《周六夜现场》演出前的一条推文中确实称自己为“狗爸爸”。</blockquote></p><p><img src=\"https://static.tigerbbs.com/54a1a1602240507ad985c5efcb2571f5\" tg-width=\"501\" tg-height=\"177\" referrerpolicy=\"no-referrer\">Brokerages trade dogecoin</p><p><blockquote>券商交易狗狗币</blockquote></p><p>A number of new venues have announced that they will trade dogecoin on their exchanges in recent days and weeks.</p><p><blockquote>一些新的场所已经宣布，他们将在最近几天和几周内在他们的交易所交易狗狗币。</blockquote></p><p>Crypto exchange Geminion Tuesdayannounced trading and custody support for the coin. Trading platform&nbsp;eToro also made dogecoin&nbsp;available for trading on its platform.Webullallowed its users to purchase dogecoin back on April 20.</p><p><blockquote>加密货币交易所Geminion周二宣布支持该硬币的交易和托管。交易平台eToro也在其平台上提供狗狗币交易。Webull于4月20日允许其用户重新购买狗狗币。</blockquote></p><p>FOMO</p><p><blockquote>FOMO</blockquote></p><p>Fear of missing out also is said to be behind the surge. Some crypto participants speculate that the rise in dogecoin is being supported by retail traders who see the parody coin as more accessible investment (or trade) than, say, bitcoinBTCUSD,-0.16%,which was changing hands at $54,000, at last check on CoinDesk.</p><p><blockquote>据说，对错过的恐惧也是激增的原因。一些加密货币参与者推测，狗狗币的上涨得到了散户交易者的支持，他们认为这种模仿币比比特币BTCUSD(-0.16%)更容易获得投资（或交易），比特币BTCUSD(-0.16%)在CoinDesk上最后一次检查时易手价格为54,000美元。</blockquote></p><p>“Dogecoin&nbsp;is surging because many cryptocurrency traders do not want to miss out on any buzz that stems from Elon Musk’s hosting of ‘Saturday Night Live,’” wrote Edward Moya, senior market analyst at Oanda, in a daily note.</p><p><blockquote>Oanda高级市场分析师爱德华·莫亚(Edward Moya)在每日报告中写道：“狗狗币正在飙升，因为许多加密货币交易者不想错过埃隆·马斯克(Elon Musk)主持《周六夜现场》(Saturday Night Live)引发的任何轰动。”</blockquote></p><p>Gains in traditional assets also might seem more pedestrian. By comparison, gold futuresGC00,0.17%are down 6% so far this year, the Dow Jones Industrial AverageDJIA,+0.06%and the S&amp;P 500 indexSPX,-0.67%are up by at least 10% in 2021, while the Nasdaq Composite IndexCOMP,-1.88%has gained over 5%.</p><p><blockquote>传统资产的收益也可能看起来更加平淡无奇。相比之下，黄金期货GC00, 0.17%今年迄今已下跌6%，道琼斯工业平均指数DJIA,+0.06%和标普500指数SPX,-0.67%在2021年至少上涨10%，而纳斯达克综合指数COMP,-1.88%涨幅超过5%。</blockquote></p><p>Accessibility</p><p><blockquote>可访问性</blockquote></p><p>Konstantin Boyko-Romanovsky, CEO of&nbsp;Allnodes, via an emailed message, said he viewed support from Musk and fellow billionaire Mark Cuban as central to the bull thesis for dogecoin, but also said that some may perceive the crypto as more accessible compared against bitcoin, which hit a recent peak above $60,000 before cooling.</p><p><blockquote>Allnodes首席执行官康斯坦丁·博伊科-罗曼诺夫斯基(Konstantin Boyko-Romanovsky)通过电子邮件表示，他认为马斯克和亿万富翁马克·库班(Mark Cuban)的支持是狗狗币牛市论点的核心，但也表示，有些人可能认为与比特币相比，这种加密货币更容易使用，最近在冷却之前触及60,000美元以上的峰值。</blockquote></p><p>“It appeals more to the general public because it costs so little. $60,000 for a single bitcoin may be intimidating to some. In a way, doge then is more like a USD but in a digital form,” he wrote.</p><p><blockquote>“它对公众更有吸引力，因为它的成本很低。一张比特币6万美元可能会让一些人感到害怕。在某种程度上，doge更像是一种美元，但以数字形式，”他写道。</blockquote></p><p>Bubbles &amp; manias</p><p><blockquote>泡沫与狂热</blockquote></p><p>Moya wrote that the dogecoin bubble should have “popped by now, but institutional interest is trying to take advantage of this momentum and that could support another push higher.”</p><p><blockquote>莫亚写道，狗狗币泡沫“现在应该已经破裂，但机构兴趣正试图利用这一势头，这可能会支持进一步推高。”</blockquote></p><p>Many skeptics warn that dogecoin could leave a lot of newbie investors hemorrhaging losses if they wade into the asset imprudently.</p><p><blockquote>许多怀疑论者警告说，如果狗狗币不谨慎地涉足该资产，可能会给许多新手投资者带来巨大损失。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/why-is-dogecoins-price-spiking-the-crypto-has-surged-11-000-in-2021-11620151738?mod=home-page\">Market Wacth</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":{},"source_url":"https://www.marketwatch.com/story/why-is-dogecoins-price-spiking-the-crypto-has-surged-11-000-in-2021-11620151738?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1115203133","content_text":"Every dog has its day…but a whole year?Indeed, dogecoin, the meme cryptocurrency linked to an image of a Shiba Inu dog, has been enjoying one of the best years for cryptocurrency in recent memory, boasting year-to-date gains of more than 11,000% and putting it in the top 10 of the most highly valued digital assets this year.At last check, dogecoinDOGEUSD,+8.26%was changing hands at 54 cents, up more than 23% in the past 24 hours and up around 11,210% so far in 2021, according to CoinDesk.That parabolic rise is drawing both applause and apprehension as its supporters aim to drive the parody coin to a value near $1, with critics warning that the asset bears all the hallmarks of an asset bubble that is bound to pop and leave carnage in its wake.Only, don’t tell that to those cheerleading the crypto, or risk being met with this common refrain: “enjoy being poor.”So why is dogecoin, pronounced “dōj-coin,” on such a monumental tear that has outstripped crypto considered more serious representatives of the age of digital assets and blockchain? Here are a few reasons:Its biggest booster set to guest host ‘SNL’Elon Musk, CEO of Tesla Inc. and SpaceX, will host “Saturday Night Live” this weekend, which has already drawn cheers and jeers for the technologist. He has become one of the most prominent and vocal champions of dogecoin this year and some speculate that he could do something to promote doge.Musk did refer to himself as the “dogefather” in one recent tweet ahead of his “Saturday Night Live” gig.Brokerages trade dogecoinA number of new venues have announced that they will trade dogecoin on their exchanges in recent days and weeks.Crypto exchange Geminion Tuesdayannounced trading and custody support for the coin. Trading platform eToro also made dogecoin available for trading on its platform.Webullallowed its users to purchase dogecoin back on April 20.FOMOFear of missing out also is said to be behind the surge. Some crypto participants speculate that the rise in dogecoin is being supported by retail traders who see the parody coin as more accessible investment (or trade) than, say, bitcoinBTCUSD,-0.16%,which was changing hands at $54,000, at last check on CoinDesk.“Dogecoin is surging because many cryptocurrency traders do not want to miss out on any buzz that stems from Elon Musk’s hosting of ‘Saturday Night Live,’” wrote Edward Moya, senior market analyst at Oanda, in a daily note.Gains in traditional assets also might seem more pedestrian. By comparison, gold futuresGC00,0.17%are down 6% so far this year, the Dow Jones Industrial AverageDJIA,+0.06%and the S&P 500 indexSPX,-0.67%are up by at least 10% in 2021, while the Nasdaq Composite IndexCOMP,-1.88%has gained over 5%.AccessibilityKonstantin Boyko-Romanovsky, CEO of Allnodes, via an emailed message, said he viewed support from Musk and fellow billionaire Mark Cuban as central to the bull thesis for dogecoin, but also said that some may perceive the crypto as more accessible compared against bitcoin, which hit a recent peak above $60,000 before cooling.“It appeals more to the general public because it costs so little. $60,000 for a single bitcoin may be intimidating to some. In a way, doge then is more like a USD but in a digital form,” he wrote.Bubbles & maniasMoya wrote that the dogecoin bubble should have “popped by now, but institutional interest is trying to take advantage of this momentum and that could support another push higher.”Many skeptics warn that dogecoin could leave a lot of newbie investors hemorrhaging losses if they wade into the asset imprudently.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":583,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":102397991,"gmtCreate":1620176527413,"gmtModify":1634207235106,"author":{"id":"3571392409099070","authorId":"3571392409099070","name":"ConnieCD","avatar":"https://static.tigerbbs.com/915b685005c69f07e82d31330014218b","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571392409099070","authorIdStr":"3571392409099070"},"themes":[],"htmlText":"//<a href=\"https://laohu8.com/U/3580191066548921\">@cheffun</a>:Nice","listText":"//<a href=\"https://laohu8.com/U/3580191066548921\">@cheffun</a>:Nice","text":"//@cheffun:Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/102397991","repostId":"1194616315","repostType":4,"isVote":1,"tweetType":1,"viewCount":497,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":102395323,"gmtCreate":1620176430662,"gmtModify":1634207236657,"author":{"id":"3571392409099070","authorId":"3571392409099070","name":"ConnieCD","avatar":"https://static.tigerbbs.com/915b685005c69f07e82d31330014218b","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571392409099070","authorIdStr":"3571392409099070"},"themes":[],"htmlText":"Good new&nbsp;","listText":"Good new&nbsp;","text":"Good new","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/102395323","repostId":"2133545119","repostType":4,"repost":{"id":"2133545119","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":1620159180,"share":"https://www.laohu8.com/m/news/2133545119?lang=zh_CN&edition=full","pubTime":"2021-05-05 04:13","market":"us","language":"en","title":"Activision Blizzard Tops Q1 EPS by 28c; Raises Outlook<blockquote>动视暴雪第一季度每股收益高出28美分；上调前景</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2133545119","media":"Tiger Newspress","summary":"Activision Blizzard (NASDAQ: ATVI) reported Q1 EPS of $0.98, $0.28 better than the analyst estimate ","content":"<p>Activision Blizzard (NASDAQ: ATVI) reported Q1 EPS of $0.98, $0.28 better than the analyst estimate of $0.70. Revenue for the quarter came in at $2.28 billion versus the consensus estimate of $1.78 billion.<img src=\"https://static.tigerbbs.com/ab84ce5aadf676ca6f19ae08db5de0d2\" tg-width=\"1110\" tg-height=\"790\" referrerpolicy=\"no-referrer\">“Our employees continue to demonstrate exceptional performance under challenging circumstances,” said Bobby Kotick, CEO of Activision Blizzard. “That relentless drive across our franchises produced strong first quarter results that were well ahead of expectations. Our continued overperformance enables us to raise our outlook for the full year.”<img src=\"https://static.tigerbbs.com/4fdd25895091867c5267f6a16a068911\" tg-width=\"702\" tg-height=\"515\" referrerpolicy=\"no-referrer\"></p><p><blockquote>动视暴雪（纳斯达克：ATVI）报告第一季度每股收益为0.98美元，比分析师预期的0.70美元高出0.28美元。该季度营收为22.8亿美元，而市场普遍预期为17.8亿美元。动视暴雪首席执行官鲍比·科蒂克(Bobby Kotick)表示：“我们的员工在充满挑战的环境下继续表现出出色的表现。”“我们特许经营权的不懈推动产生了强劲的第一季度业绩，远超预期。我们持续的优异表现使我们能够提高全年的预期。”</blockquote></p><p> <b>GUIDANCE:</b></p><p><blockquote><b>指导意见：</b></blockquote></p><p> Activision Blizzard sees Q2 2021 EPS of $0.91, versus the consensus of $0.75. Activision Blizzard sees Q2 2021 revenue of $2.135 billion, versus the consensus of $1.81 billion.</p><p><blockquote>动视暴雪预计2021年第二季度每股收益为0.91美元，而市场普遍预期为0.75美元。动视暴雪预计2021年第二季度营收为21.35亿美元，而市场普遍预期为18.1亿美元。</blockquote></p><p> Activision Blizzard sees FY2021 EPS of $3.42, versus the consensus of $3.65. Activision Blizzard sees FY2021 revenue of $8.37 billion, versus the consensus of $8.55 billion.</p><p><blockquote>动视暴雪预计2021财年每股收益为3.42美元，而市场普遍预期为3.65美元。动视暴雪预计2021财年营收为83.7亿美元，而市场普遍预期为85.5亿美元。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Activision Blizzard Tops Q1 EPS by 28c; Raises Outlook<blockquote>动视暴雪第一季度每股收益高出28美分；上调前景</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\">\nActivision Blizzard Tops Q1 EPS by 28c; Raises Outlook<blockquote>动视暴雪第一季度每股收益高出28美分；上调前景</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-05-05 04:13</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Activision Blizzard (NASDAQ: ATVI) reported Q1 EPS of $0.98, $0.28 better than the analyst estimate of $0.70. Revenue for the quarter came in at $2.28 billion versus the consensus estimate of $1.78 billion.<img src=\"https://static.tigerbbs.com/ab84ce5aadf676ca6f19ae08db5de0d2\" tg-width=\"1110\" tg-height=\"790\" referrerpolicy=\"no-referrer\">“Our employees continue to demonstrate exceptional performance under challenging circumstances,” said Bobby Kotick, CEO of Activision Blizzard. “That relentless drive across our franchises produced strong first quarter results that were well ahead of expectations. Our continued overperformance enables us to raise our outlook for the full year.”<img src=\"https://static.tigerbbs.com/4fdd25895091867c5267f6a16a068911\" tg-width=\"702\" tg-height=\"515\" referrerpolicy=\"no-referrer\"></p><p><blockquote>动视暴雪（纳斯达克：ATVI）报告第一季度每股收益为0.98美元，比分析师预期的0.70美元高出0.28美元。该季度营收为22.8亿美元，而市场普遍预期为17.8亿美元。动视暴雪首席执行官鲍比·科蒂克(Bobby Kotick)表示：“我们的员工在充满挑战的环境下继续表现出出色的表现。”“我们特许经营权的不懈推动产生了强劲的第一季度业绩，远超预期。我们持续的优异表现使我们能够提高全年的预期。”</blockquote></p><p> <b>GUIDANCE:</b></p><p><blockquote><b>指导意见：</b></blockquote></p><p> Activision Blizzard sees Q2 2021 EPS of $0.91, versus the consensus of $0.75. Activision Blizzard sees Q2 2021 revenue of $2.135 billion, versus the consensus of $1.81 billion.</p><p><blockquote>动视暴雪预计2021年第二季度每股收益为0.91美元，而市场普遍预期为0.75美元。动视暴雪预计2021年第二季度营收为21.35亿美元，而市场普遍预期为18.1亿美元。</blockquote></p><p> Activision Blizzard sees FY2021 EPS of $3.42, versus the consensus of $3.65. Activision Blizzard sees FY2021 revenue of $8.37 billion, versus the consensus of $8.55 billion.</p><p><blockquote>动视暴雪预计2021财年每股收益为3.42美元，而市场普遍预期为3.65美元。动视暴雪预计2021财年营收为83.7亿美元，而市场普遍预期为85.5亿美元。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ATVI":"动视暴雪"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2133545119","content_text":"Activision Blizzard (NASDAQ: ATVI) reported Q1 EPS of $0.98, $0.28 better than the analyst estimate of $0.70. Revenue for the quarter came in at $2.28 billion versus the consensus estimate of $1.78 billion.“Our employees continue to demonstrate exceptional performance under challenging circumstances,” said Bobby Kotick, CEO of Activision Blizzard. “That relentless drive across our franchises produced strong first quarter results that were well ahead of expectations. Our continued overperformance enables us to raise our outlook for the full year.”\nGUIDANCE:\nActivision Blizzard sees Q2 2021 EPS of $0.91, versus the consensus of $0.75. Activision Blizzard sees Q2 2021 revenue of $2.135 billion, versus the consensus of $1.81 billion.\nActivision Blizzard sees FY2021 EPS of $3.42, versus the consensus of $3.65. Activision Blizzard sees FY2021 revenue of $8.37 billion, versus the consensus of $8.55 billion.","news_type":1,"symbols_score_info":{"ATVI":0.9}},"isVote":1,"tweetType":1,"viewCount":747,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":102392077,"gmtCreate":1620176367399,"gmtModify":1631883954856,"author":{"id":"3571392409099070","authorId":"3571392409099070","name":"ConnieCD","avatar":"https://static.tigerbbs.com/915b685005c69f07e82d31330014218b","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571392409099070","authorIdStr":"3571392409099070"},"themes":[],"htmlText":"Best Buy&nbsp;","listText":"Best Buy&nbsp;","text":"Best Buy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/102392077","repostId":"1199199416","repostType":4,"isVote":1,"tweetType":1,"viewCount":728,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":106683432,"gmtCreate":1620111114426,"gmtModify":1634207717238,"author":{"id":"3571392409099070","authorId":"3571392409099070","name":"ConnieCD","avatar":"https://static.tigerbbs.com/915b685005c69f07e82d31330014218b","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571392409099070","authorIdStr":"3571392409099070"},"themes":[],"htmlText":"👌&nbsp;","listText":"👌&nbsp;","text":"👌","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/106683432","repostId":"1152056725","repostType":4,"isVote":1,"tweetType":1,"viewCount":954,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":106683867,"gmtCreate":1620111056359,"gmtModify":1634207717585,"author":{"id":"3571392409099070","authorId":"3571392409099070","name":"ConnieCD","avatar":"https://static.tigerbbs.com/915b685005c69f07e82d31330014218b","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571392409099070","authorIdStr":"3571392409099070"},"themes":[],"htmlText":"👌&nbsp;","listText":"👌&nbsp;","text":"👌","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/106683867","repostId":"1197848804","repostType":4,"repost":{"id":"1197848804","kind":"news","pubTimestamp":1620109298,"share":"https://www.laohu8.com/m/news/1197848804?lang=zh_CN&edition=full","pubTime":"2021-05-04 14:21","market":"us","language":"en","title":"Alfi seeks to rise $15.5M in IPO; Nasdaq trading to commence on May 4<blockquote>Alfi寻求通过IPO筹集1550万美元；纳斯达克交易将于5月4日开始</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1197848804","media":"seeking alpha","summary":"Alfi(NASDAQ:ALF)haspricedits public offering of 3,731,344 common shares and warrants to purchase sam","content":"<p><ul>  <li>Alfi(NASDAQ:ALF)haspricedits public offering of 3,731,344 common shares and warrants to purchase same number of shares ofcommon stock at $4.15/share and warrant for aggregate gross proceeds of ~$15.5M.</li>  <li>Underwriters' over-allotment is an additional 559,701 shares and equal warrants.</li>  <li>The Company has received approval to list its common stock and warrants on Nasdaq, with trading expected to begin on May 4.</li>  <li>Each five-year warrant is exercisable for one common share at an exercise price of $4.57/share.</li>  <li>Closing&nbsp; date is May 6.</li>  <li>Alfi is an AI enterprise SaaS platform company, powering computer vision with machine learning models to allow content publishers and brand owners to deliver interactive, intelligent information without violating user privacy. The firm provides digital out of home advertisement monitoring and verification solutions.</li>  <li>Seeking Alpha contributor Donovan Jones did a deep dive into ALF and stated that since the company \"has no revenue track record, sothe IPO is ultra-high-risk; I'll watch it from the sidelines.\"</li> </ul></p><p><blockquote><ul><li>Alfi（纳斯达克股票代码：ALF）公开发行3,731,344股普通股和认股权证，以每股4.15美元的价格购买相同数量的普通股和认股权证，总收益约为1,550万美元。</li><li>承销商的超额配售是额外559,701股股票和同等认股权证。</li><li>该公司已获准在纳斯达克上市其普通股和认股权证，预计将于5月4日开始交易。</li><li>每份五年期认股权证可行使一股普通股，行使价为每股4.57美元。</li><li>截止日期是5月6日。</li><li>Alfi是一家AI企业SaaS平台公司，通过机器学习模型为计算机视觉提供支持，使内容出版商和品牌所有者能够在不侵犯用户隐私的情况下提供交互式、智能的信息。该公司提供数字户外广告监控和验证解决方案。</li><li>Seeking Alpha撰稿人多诺万·琼斯(Donovan Jones)深入研究了ALF，并表示由于该公司“没有收入记录，因此IPO风险极高；我会袖手旁观。”</li></ul></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alfi seeks to rise $15.5M in IPO; Nasdaq trading to commence on May 4<blockquote>Alfi寻求通过IPO筹集1550万美元；纳斯达克交易将于5月4日开始</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\">\nAlfi seeks to rise $15.5M in IPO; Nasdaq trading to commence on May 4<blockquote>Alfi寻求通过IPO筹集1550万美元；纳斯达克交易将于5月4日开始</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">seeking alpha</strong><span class=\"h-time small\">2021-05-04 14:21</span>\n</p>\n</h4>\n</header>\n<article>\n<p><ul>  <li>Alfi(NASDAQ:ALF)haspricedits public offering of 3,731,344 common shares and warrants to purchase same number of shares ofcommon stock at $4.15/share and warrant for aggregate gross proceeds of ~$15.5M.</li>  <li>Underwriters' over-allotment is an additional 559,701 shares and equal warrants.</li>  <li>The Company has received approval to list its common stock and warrants on Nasdaq, with trading expected to begin on May 4.</li>  <li>Each five-year warrant is exercisable for one common share at an exercise price of $4.57/share.</li>  <li>Closing&nbsp; date is May 6.</li>  <li>Alfi is an AI enterprise SaaS platform company, powering computer vision with machine learning models to allow content publishers and brand owners to deliver interactive, intelligent information without violating user privacy. The firm provides digital out of home advertisement monitoring and verification solutions.</li>  <li>Seeking Alpha contributor Donovan Jones did a deep dive into ALF and stated that since the company \"has no revenue track record, sothe IPO is ultra-high-risk; I'll watch it from the sidelines.\"</li> </ul></p><p><blockquote><ul><li>Alfi（纳斯达克股票代码：ALF）公开发行3,731,344股普通股和认股权证，以每股4.15美元的价格购买相同数量的普通股和认股权证，总收益约为1,550万美元。</li><li>承销商的超额配售是额外559,701股股票和同等认股权证。</li><li>该公司已获准在纳斯达克上市其普通股和认股权证，预计将于5月4日开始交易。</li><li>每份五年期认股权证可行使一股普通股，行使价为每股4.57美元。</li><li>截止日期是5月6日。</li><li>Alfi是一家AI企业SaaS平台公司，通过机器学习模型为计算机视觉提供支持，使内容出版商和品牌所有者能够在不侵犯用户隐私的情况下提供交互式、智能的信息。该公司提供数字户外广告监控和验证解决方案。</li><li>Seeking Alpha撰稿人多诺万·琼斯(Donovan Jones)深入研究了ALF，并表示由于该公司“没有收入记录，因此IPO风险极高；我会袖手旁观。”</li></ul></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/news/3689882-alfi-seeks-to-rise-155m-in-ipo-nasdaq-trading-to-commence-on-may-4\">seeking alpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://seekingalpha.com/news/3689882-alfi-seeks-to-rise-155m-in-ipo-nasdaq-trading-to-commence-on-may-4","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1197848804","content_text":"Alfi(NASDAQ:ALF)haspricedits public offering of 3,731,344 common shares and warrants to purchase same number of shares ofcommon stock at $4.15/share and warrant for aggregate gross proceeds of ~$15.5M.\nUnderwriters' over-allotment is an additional 559,701 shares and equal warrants.\nThe Company has received approval to list its common stock and warrants on Nasdaq, with trading expected to begin on May 4.\nEach five-year warrant is exercisable for one common share at an exercise price of $4.57/share.\nClosing  date is May 6.\nAlfi is an AI enterprise SaaS platform company, powering computer vision with machine learning models to allow content publishers and brand owners to deliver interactive, intelligent information without violating user privacy. The firm provides digital out of home advertisement monitoring and verification solutions.\nSeeking Alpha contributor Donovan Jones did a deep dive into ALF and stated that since the company \"has no revenue track record, sothe IPO is ultra-high-risk; I'll watch it from the sidelines.\"","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":892,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":108056050,"gmtCreate":1619965696370,"gmtModify":1634208840867,"author":{"id":"3571392409099070","authorId":"3571392409099070","name":"ConnieCD","avatar":"https://static.tigerbbs.com/915b685005c69f07e82d31330014218b","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571392409099070","authorIdStr":"3571392409099070"},"themes":[],"htmlText":"👍🏼&nbsp;","listText":"👍🏼&nbsp;","text":"👍🏼","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/108056050","repostId":"1178555518","repostType":2,"isVote":1,"tweetType":1,"viewCount":888,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":108051261,"gmtCreate":1619965543653,"gmtModify":1634208842035,"author":{"id":"3571392409099070","authorId":"3571392409099070","name":"ConnieCD","avatar":"https://static.tigerbbs.com/915b685005c69f07e82d31330014218b","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571392409099070","authorIdStr":"3571392409099070"},"themes":[],"htmlText":"Gd&nbsp;","listText":"Gd&nbsp;","text":"Gd","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/108051261","repostId":"1141258080","repostType":4,"isVote":1,"tweetType":1,"viewCount":1081,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":375656125,"gmtCreate":1619336384267,"gmtModify":1634274132492,"author":{"id":"3571392409099070","authorId":"3571392409099070","name":"ConnieCD","avatar":"https://static.tigerbbs.com/915b685005c69f07e82d31330014218b","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571392409099070","idStr":"3571392409099070"},"themes":[],"htmlText":"Yeah","listText":"Yeah","text":"Yeah","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":5,"repostSize":0,"link":"https://laohu8.com/post/375656125","repostId":"1180713929","repostType":4,"repost":{"id":"1180713929","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1619191972,"share":"https://www.laohu8.com/m/news/1180713929?lang=zh_CN&edition=full","pubTime":"2021-04-23 23:32","market":"us","language":"en","title":"Why AMD Stock Popped After Intel's Earnings Beat<blockquote>为什么英特尔盈利超出预期后AMD股价上涨</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1180713929","media":"Tiger Newspress","summary":"Here's a hint: It's not because Intel reported great news.What happenedShares of rising Intel (NASDA","content":"<p>Here's a hint: It's not because Intel reported great news.</p><p><blockquote>这里有一个提示：这并不是因为英特尔报道了好消息。</blockquote></p><p><b>What happened</b></p><p><blockquote><b>发生了什么</b></blockquote></p><p>Shares of rising&nbsp;<b>Intel</b>&nbsp;(NASDAQ:INTC)&nbsp;rival and fellow&nbsp;semiconductors&nbsp;giant&nbsp;<b>Advanced Micro Devices</b>&nbsp;(NASDAQ:AMD)&nbsp;popped in early trading on the Nasdaq Friday, the first day afterIntel's disappointing Q1 2021 earnings report. AMD's shares were up 4.5% as of 11:30 a.m. EDT.</p><p><blockquote>瑞星股份<b>英特尔</b>（纳斯达克：INTC）竞争对手和半导体巨头<b>先进微设备公司</b>（纳斯达克：AMD）周五在纳斯达克早盘交易中上涨，这是英特尔发布令人失望的2021年第一季度收益报告的第一天。截至美国东部时间上午11:30，AMD股价上涨4.5%。</blockquote></p><p><img src=\"https://static.tigerbbs.com/368e9bc79febd0164dab4a88ffd13c42\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/cf04377bf945cfdaa9a52157bb5560f7\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><b>So what</b></p><p><blockquote><b>那又怎样</b></blockquote></p><p>Intel, if you haven't heard, actually&nbsp;beat&nbsp;on its Q1 earnings. Despite sales declining 1% year over year, the company managed to report a pro forma profit of $1.39 per share, which was ahead of analyst expectations.</p><p><blockquote>如果您还没有听说过，英特尔第一季度的盈利实际上超出了预期。尽管销售额同比下降1%，但该公司仍报告预计每股利润为1.39美元，超出分析师预期。</blockquote></p><p>Regardless, Intel reported a steep 540 basis point decline in its gross margin to 55.2%, and it saw its operating margin cut nearly in half as the company spent heavily to race to catch up to its rivals in advanced computer chips. Analysts at Citigroup commented yesterday that Intel stock appears to be close to its peak valuation and is likely to decline as investors acclimate to the new environment in which Intel is losing, not gaining, market share.</p><p><blockquote>无论如何，英特尔报告称其毛利率大幅下降540个基点至55.2%，并且由于该公司斥巨资追赶先进计算机芯片领域的竞争对手，其营业利润率几乎减半。花旗集团分析师昨日评论称，英特尔股价似乎已接近其估值峰值，随着投资者适应英特尔正在失去而非获得市场份额的新环境，英特尔股价可能会下跌。</blockquote></p><p>And the reason this is good news for&nbsp;AMD&nbsp;is that, according to Citi at least, it's AMD that's taking that market share away from Intel.</p><p><blockquote>这对AMD来说是个好消息的原因是，至少根据花旗的说法，AMD正在从英特尔手中夺走市场份额。</blockquote></p><p><b>Now what</b></p><p><blockquote><b>现在怎么办</b></blockquote></p><p>So what's an investor to do with all this information?</p><p><blockquote>那么投资者如何处理所有这些信息呢？</blockquote></p><p>At a valuation of just 13.6 times trailing earnings, Intel stock certainly looks like a relative bargain when compared with AMD stock, which trades at 38.4 times earnings. But AMD has acash-rich balance sheet, versus Intel that's carrying $13.5 billion in net debt. And analysts see Intel's earnings growing only 10% annually over the next five years, while AMD is pegged for 29.5% annualized earnings growth, according toS&amp;P Global Market Intelligencedata.</p><p><blockquote>英特尔股票的市盈率仅为13.6倍，与AMD股票的市盈率为38.4倍相比，英特尔股票看起来确实相对便宜。但AMD的资产负债表现金充裕，而英特尔的净债务为135亿美元。根据标准普尔全球市场情报数据，分析师预计英特尔未来五年的盈利年增长率仅为10%，而AMD的年化盈利增长率预计为29.5%。</blockquote></p><p>Intel may&nbsp;look&nbsp;like&nbsp;a value stockright now, but it's AMD that's gotall the momentum.</p><p><blockquote>英特尔现在可能看起来像一只价值股，但拥有所有动力的是AMD。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why AMD Stock Popped After Intel's Earnings Beat<blockquote>为什么英特尔盈利超出预期后AMD股价上涨</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy AMD Stock Popped After Intel's Earnings Beat<blockquote>为什么英特尔盈利超出预期后AMD股价上涨</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-04-23 23:32</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Here's a hint: It's not because Intel reported great news.</p><p><blockquote>这里有一个提示：这并不是因为英特尔报道了好消息。</blockquote></p><p><b>What happened</b></p><p><blockquote><b>发生了什么</b></blockquote></p><p>Shares of rising&nbsp;<b>Intel</b>&nbsp;(NASDAQ:INTC)&nbsp;rival and fellow&nbsp;semiconductors&nbsp;giant&nbsp;<b>Advanced Micro Devices</b>&nbsp;(NASDAQ:AMD)&nbsp;popped in early trading on the Nasdaq Friday, the first day afterIntel's disappointing Q1 2021 earnings report. AMD's shares were up 4.5% as of 11:30 a.m. EDT.</p><p><blockquote>瑞星股份<b>英特尔</b>（纳斯达克：INTC）竞争对手和半导体巨头<b>先进微设备公司</b>（纳斯达克：AMD）周五在纳斯达克早盘交易中上涨，这是英特尔发布令人失望的2021年第一季度收益报告的第一天。截至美国东部时间上午11:30，AMD股价上涨4.5%。</blockquote></p><p><img src=\"https://static.tigerbbs.com/368e9bc79febd0164dab4a88ffd13c42\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/cf04377bf945cfdaa9a52157bb5560f7\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><b>So what</b></p><p><blockquote><b>那又怎样</b></blockquote></p><p>Intel, if you haven't heard, actually&nbsp;beat&nbsp;on its Q1 earnings. Despite sales declining 1% year over year, the company managed to report a pro forma profit of $1.39 per share, which was ahead of analyst expectations.</p><p><blockquote>如果您还没有听说过，英特尔第一季度的盈利实际上超出了预期。尽管销售额同比下降1%，但该公司仍报告预计每股利润为1.39美元，超出分析师预期。</blockquote></p><p>Regardless, Intel reported a steep 540 basis point decline in its gross margin to 55.2%, and it saw its operating margin cut nearly in half as the company spent heavily to race to catch up to its rivals in advanced computer chips. Analysts at Citigroup commented yesterday that Intel stock appears to be close to its peak valuation and is likely to decline as investors acclimate to the new environment in which Intel is losing, not gaining, market share.</p><p><blockquote>无论如何，英特尔报告称其毛利率大幅下降540个基点至55.2%，并且由于该公司斥巨资追赶先进计算机芯片领域的竞争对手，其营业利润率几乎减半。花旗集团分析师昨日评论称，英特尔股价似乎已接近其估值峰值，随着投资者适应英特尔正在失去而非获得市场份额的新环境，英特尔股价可能会下跌。</blockquote></p><p>And the reason this is good news for&nbsp;AMD&nbsp;is that, according to Citi at least, it's AMD that's taking that market share away from Intel.</p><p><blockquote>这对AMD来说是个好消息的原因是，至少根据花旗的说法，AMD正在从英特尔手中夺走市场份额。</blockquote></p><p><b>Now what</b></p><p><blockquote><b>现在怎么办</b></blockquote></p><p>So what's an investor to do with all this information?</p><p><blockquote>那么投资者如何处理所有这些信息呢？</blockquote></p><p>At a valuation of just 13.6 times trailing earnings, Intel stock certainly looks like a relative bargain when compared with AMD stock, which trades at 38.4 times earnings. But AMD has acash-rich balance sheet, versus Intel that's carrying $13.5 billion in net debt. And analysts see Intel's earnings growing only 10% annually over the next five years, while AMD is pegged for 29.5% annualized earnings growth, according toS&amp;P Global Market Intelligencedata.</p><p><blockquote>英特尔股票的市盈率仅为13.6倍，与AMD股票的市盈率为38.4倍相比，英特尔股票看起来确实相对便宜。但AMD的资产负债表现金充裕，而英特尔的净债务为135亿美元。根据标准普尔全球市场情报数据，分析师预计英特尔未来五年的盈利年增长率仅为10%，而AMD的年化盈利增长率预计为29.5%。</blockquote></p><p>Intel may&nbsp;look&nbsp;like&nbsp;a value stockright now, but it's AMD that's gotall the momentum.</p><p><blockquote>英特尔现在可能看起来像一只价值股，但拥有所有动力的是AMD。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"INTC":"英特尔","AMD":"美国超微公司"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1180713929","content_text":"Here's a hint: It's not because Intel reported great news.What happenedShares of rising Intel (NASDAQ:INTC) rival and fellow semiconductors giant Advanced Micro Devices (NASDAQ:AMD) popped in early trading on the Nasdaq Friday, the first day afterIntel's disappointing Q1 2021 earnings report. AMD's shares were up 4.5% as of 11:30 a.m. EDT.So whatIntel, if you haven't heard, actually beat on its Q1 earnings. Despite sales declining 1% year over year, the company managed to report a pro forma profit of $1.39 per share, which was ahead of analyst expectations.Regardless, Intel reported a steep 540 basis point decline in its gross margin to 55.2%, and it saw its operating margin cut nearly in half as the company spent heavily to race to catch up to its rivals in advanced computer chips. Analysts at Citigroup commented yesterday that Intel stock appears to be close to its peak valuation and is likely to decline as investors acclimate to the new environment in which Intel is losing, not gaining, market share.And the reason this is good news for AMD is that, according to Citi at least, it's AMD that's taking that market share away from Intel.Now whatSo what's an investor to do with all this information?At a valuation of just 13.6 times trailing earnings, Intel stock certainly looks like a relative bargain when compared with AMD stock, which trades at 38.4 times earnings. But AMD has acash-rich balance sheet, versus Intel that's carrying $13.5 billion in net debt. And analysts see Intel's earnings growing only 10% annually over the next five years, while AMD is pegged for 29.5% annualized earnings growth, according toS&P Global Market Intelligencedata.Intel may look like a value stockright now, but it's AMD that's gotall the momentum.","news_type":1,"symbols_score_info":{"AMD":0.9,"INTC":0.9}},"isVote":1,"tweetType":1,"viewCount":768,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":109374318,"gmtCreate":1619669375634,"gmtModify":1634210850658,"author":{"id":"3571392409099070","authorId":"3571392409099070","name":"ConnieCD","avatar":"https://static.tigerbbs.com/915b685005c69f07e82d31330014218b","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571392409099070","idStr":"3571392409099070"},"themes":[],"htmlText":"Good&nbsp;","listText":"Good&nbsp;","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":1,"link":"https://laohu8.com/post/109374318","repostId":"1137964402","repostType":4,"repost":{"id":"1137964402","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":1619651546,"share":"https://www.laohu8.com/m/news/1137964402?lang=zh_CN&edition=full","pubTime":"2021-04-29 07:12","market":"us","language":"en","title":"Apple reports another blowout quarter with sales up 54%, authorizes $90 billion in share buybacks<blockquote>苹果报告又一个井喷季度销售额增长54%，授权900亿美元股票回购</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1137964402","media":"Tiger Newspress","summary":"Apple reported a blowout quarter on Wednesday, announcing companywide sales up 54% higher than last year, and significantly stronger profits than Wall Street expected.Apple did not issue official guidance for what it expects in the quarter ending in June.Apple authorized $90 billion in share buybacks.Apple stock rose over 4% at one point in extended trading.Apple reported double-digit growth in every single one of its product categories, and its most important product line, the iPhone, was up 65","content":"<p><b>KEY POINTS</b></p><p><blockquote><b>要点</b></blockquote></p><p><ul><li>Apple reported a blowout quarter on Wednesday, announcing companywide sales up 54% higher than last year, and&nbsp;significantly stronger profits than Wall Street expected.</li><li>Apple did not issue official guidance for what it expects in the quarter ending in June.</li><li>Apple authorized $90 billion in share buybacks.</li></ul>Apple&nbsp;reported&nbsp;a blowout quarter&nbsp;on Wednesday, announcing companywide sales up 54% higher than last year, and&nbsp;significantly stronger profits than Wall Street expected.</p><p><blockquote><ul><li>苹果周三公布了井喷季度业绩，宣布全公司销售额比去年增长54%，利润明显强于华尔街预期。</li><li>苹果没有就截至6月份的季度的预期发布官方指引。</li><li>苹果授权900亿美元的股票回购。</li></ul>苹果周三公布了井喷季度业绩，宣布全公司销售额比去年增长54%，利润明显强于华尔街预期。</blockquote></p><p>Apple stock rose over 4% at one point in extended trading.</p><p><blockquote>苹果股价在盘后交易中一度上涨超过4%。</blockquote></p><p><img src=\"https://static.tigerbbs.com/4e791f63f460807906f1793c2d58933e\" tg-width=\"1302\" tg-height=\"833\"></p><p><blockquote></blockquote></p><p>Apple reported double-digit growth in every single one of its product categories, and its&nbsp;most important product line, the iPhone, was up 65.5% from last year. Its Mac and iPad sales&nbsp;did&nbsp;better, with its computers up 70.1% and iPad&nbsp;sales&nbsp;growing nearly 79% on an annual basis.</p><p><blockquote>苹果报告称，其每个产品类别都实现了两位数的增长，其最重要的产品线iPhone比去年增长了65.5%。其Mac和iPad销量表现更好，电脑销量同比增长70.1%，iPad销量同比增长近79%。</blockquote></p><p>Apple said it would increase its dividend by 7%&nbsp;to $0.22 per share&nbsp;and authorized $90 billion in share buybacks, which is significantly higher than last year’s $50 billion outlay&nbsp;and 2019′s $75 billion.</p><p><blockquote>苹果表示，将把股息提高7%至每股0.22美元，并授权900亿美元的股票回购，这明显高于去年的500亿美元支出和2019年的750亿美元。</blockquote></p><p>Here’s how Apple did versus Refinitiv estimates:</p><p><blockquote>以下是苹果与Refinitiv估计的表现：</blockquote></p><p><ul><li><b>EPS</b>:&nbsp;$1.40&nbsp;vs. $0.99 estimated</li><li><b>Revenue</b>:&nbsp;$89.58&nbsp;billion&nbsp;vs. $77.36&nbsp;billion&nbsp;estimated, up 53.7% year-over-year</li><li><b>iPhone revenue</b>:&nbsp;$47.94 billion&nbsp;vs. $41.43&nbsp;billion&nbsp;estimated, up&nbsp;65.5% year-over-year</li><li><b>Services revenue</b>:&nbsp;$16.90 billion&nbsp;vs. $15.57&nbsp;billion&nbsp;estimated, up 26.7% year over&nbsp;year</li><li><b>Other Products revenue</b>:&nbsp;$7.83&nbsp;billion&nbsp;vs. $7.79&nbsp;billion&nbsp;estimated,&nbsp;up 24%&nbsp;year-over-year</li><li><b>Mac revenue</b>:&nbsp;$9.10&nbsp;billion&nbsp;vs. $6.86&nbsp;billion&nbsp;estimated, up 70.1% year-over-year</li><li><b>iPad revenue</b>:&nbsp;$7.80 billion&nbsp;vs. $5.58&nbsp;billion&nbsp;estimated, up 78.9% year-over-year</li><li><b>Gross margin</b>:&nbsp;42.5% vs. 39.8%&nbsp;estimated</li></ul>Apple did not issue official guidance for what it expects in the quarter ending in June. It hasn’t provided revenue&nbsp;guidance since the start of the pandemic, citing uncertainty.&nbsp;This is Apple’s second quarter in a row with double-digit growth in all product categories.&nbsp;Apple CFO Luca Maestri told analysts that the company expects June quarter revenue to rise by double digits year-over-year, although it faces some supply shortages due to the worldwide chip shortage.</p><p><blockquote><ul><li><b>EPS</b>：1.40美元对比。估计0.99美元</li><li><b>收入</b>：895.8亿美元对比。预计773.6亿美元，同比增长53.7%</li><li><b>iPhone收入</b>：479.4亿美元对比。预计为414.3亿美元，同比增长65.5%</li><li><b>服务收入</b>：169亿美元vs.预计155.7亿美元，同比增长26.7%</li><li><b>其他产品收益</b>：78.3亿美元对比。预计77.9亿美元，同比增长24%</li><li><b>Mac收入</b>：91亿美元vs.预计68.6亿美元，同比增长70.1%</li><li><b>iPad收入</b>：78亿美元vs.预计55.8亿美元，同比增长78.9%</li><li><b>毛利率</b>：42.5%vs.估计值39.8%</li></ul>苹果没有就截至6月份的季度的预期发布官方指引。自疫情开始以来，该公司一直没有提供收入指引，理由是存在不确定性。这是苹果连续第二个季度在所有产品类别中实现两位数增长。苹果首席财务官Luca Maestri告诉分析师，该公司预计6月份季度的收入将同比增长两位数，尽管由于全球芯片短缺，该公司面临一些供应短缺。</blockquote></p><p>Apple has said in the past months that its business has been boosted by the pandemic as consumers&nbsp;and businesses&nbsp;bought&nbsp;computers&nbsp;to work and entertain themselves while at home. But Apple’s strong results in the quarter suggest that the trend may persist as more economies&nbsp;open up.</p><p><blockquote>苹果在过去几个月表示，随着消费者和企业购买电脑在家工作和娱乐，其业务受到了疫情的提振。但苹果本季度的强劲业绩表明，随着更多经济体的开放，这一趋势可能会持续下去。</blockquote></p><p>Or, as Apple CEO Tim Cook said in a statement: “This quarter reflects both the enduring ways our products have helped our users meet this&nbsp;moment in their own lives, as well as the optimism consumers seem to feel about better days&nbsp;ahead for all of us.”</p><p><blockquote>或者，正如苹果首席执行官蒂姆·库克(Tim Cook)在一份声明中所说：“本季度既反映了我们的产品帮助用户在自己的生活中迎接这一时刻的持久方式，也反映了消费者似乎对所有人未来更好的日子感到乐观。我们。”</blockquote></p><p>Mac sales were up 70%, and Cook said that the result was “fueled by” the company’s introduction of its Mac&nbsp;laptops&nbsp;that used its own M1 chips&nbsp;for longer battery life, instead of processors sold by&nbsp;Intel.&nbsp;iPad sales were up&nbsp;nearly 79% year-over-year.</p><p><blockquote>Mac的销量增长了70%，库克表示，这一结果是由该公司推出的Mac笔记本电脑“推动”的，这些笔记本电脑使用了自己的M1芯片，电池寿命更长，而不是英特尔销售的处理器，iPad的销量同比增长了近79%。</blockquote></p><p>Neither of those&nbsp;results&nbsp;include iPad Pro or iMac models the company announced in March, which are expected to drive additional demand.</p><p><blockquote>这两个结果都不包括该公司3月份宣布的iPad Pro或iMac型号，预计这些型号将推动额外需求。</blockquote></p><p>“We’re seeing strong first-time buyers on the Mac&nbsp;…&nbsp;it continues to run just south of 50%,” Cook told CNBC’s Josh Lipton. “And, in China, it’s even higher than that&nbsp;…&nbsp;it’s more around two-thirds. And that speaks to people preferring to work on the Mac.”</p><p><blockquote>库克对CNBC的乔什·利普顿(Josh Lipton)表示：“我们看到Mac的首次购买者数量强劲……这一比例继续略低于50%。”“而且，在中国，这个数字甚至更高……大约是三分之二。这表明人们更喜欢在Mac上工作。”</blockquote></p><p>Apple’s iPhone also reported strong results this quarter, quelling fears that the current annual cycle could slow down. Last year, Apple released iPhones with a new exterior design and 5G support, which many investors believed could prompt a major upgrade cycle, which this quarter’s results indicate.</p><p><blockquote>苹果的iPhone本季度也公布了强劲的业绩，平息了人们对当前年度周期可能放缓的担忧。去年，苹果发布了具有新外观设计和5G支持的iPhone，许多投资者认为这可能会引发一个重大升级周期，本季度的业绩表明了这一点。</blockquote></p><p>In greater China, which includes the mainland, Hong Kong, and Taiwan,&nbsp;Apple’s revenue increased over&nbsp;87% year-over-year to $17.73 billion, although the comparison is to a quarter last year in which China was largely shut down in the early days of the pandemic.&nbsp;Every other geographical category, including the Americas and Europe, were also up on an annual basis.</p><p><blockquote>在包括大陆、香港和台湾在内的大中华区，苹果的收入同比增长超过87%，达到177.3亿美元，尽管相比之下，去年中国在疫情初期基本上处于关闭状态。其他所有地理类别，包括美洲和欧洲，也同比增长。</blockquote></p><p><img src=\"https://static.tigerbbs.com/37a8b45c92174e3c9ab224d9a85f5e2d\" tg-width=\"1910\" tg-height=\"1114\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>Apple’s&nbsp;high-margin&nbsp;services business, including iCloud, App Store, and subscriptions like Apple Music, also showed 26.7% growth.</p><p><blockquote>苹果的高利润服务业务，包括iCloud、App Store和苹果音乐等订阅业务，也实现了26.7%的增长。</blockquote></p><p></p><p>One metric that Apple uses to show the growth in services is the number of subscriptions it has, which not only include its own subscriptions like Apple One, but also subscriptions through its App Store.</p><p><blockquote>苹果用来显示服务增长的一个指标是其订阅数量，其中不仅包括苹果One等自有订阅，还包括通过其App Store进行的订阅。</blockquote></p><p>“We now have over 660 million paid subscriptions across the services on the platform, and that’s up 40 million from the previous quarter, which is an acceleration from 35 million,” Cook told CNBC.</p><p><blockquote>库克对CNBC表示：“我们平台上的服务现在有超过6.6亿付费订阅，比上一季度增加了4000万，比3500万有所增长。”</blockquote></p><p>However, Apple’s App Store has been challenged by lawmakers and companies that say it costs too much and has too much power. A closely-watched trial with Fortnite maker Epic Games over App Store policies kicks off next week.</p><p><blockquote>然而，苹果的应用商店受到了立法者和公司的挑战，他们说它成本太高，权力太大。堡垒之夜制造商Epic Games就App Store政策进行的备受关注的审判将于下周开始。</blockquote></p><p>“The App Store has been an economic miracle. Last year, the estimates are that there was over a half a trillion dollars of economic activity because of the store. And, so, this has been just an economic gamechanger for not only the United States, but several countries around the world. And, we’re going to go in and tell our story. And we’ll see where it goes. But, we’re confident,” Cook told CNBC.</p><p><blockquote>“App Store是一个经济奇迹。据估计，去年有超过5000亿美元的经济活动因为这个商店。所以，这不仅是美国的经济游戏规则改变者，也是世界上几个国家的经济规则改变者。我们将走进去讲述我们的故事。我们会看到它会走向何方。但是，我们有信心，”库克告诉CNBC。</blockquote></p><p>Apple’s gross margin was also unusually elevated for the company. Most quarters, it tends to be in the 38% to 39% range, but in the quarter ending in March, Apple reported 42.5% margins.</p><p><blockquote>苹果的毛利率也异常高。大多数季度，利润率往往在38%至39%之间，但在截至3月份的季度，苹果报告利润率为42.5%。</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>Apple reports another blowout quarter with sales up 54%, authorizes $90 billion in share buybacks<blockquote>苹果报告又一个井喷季度销售额增长54%，授权900亿美元股票回购</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\">\nApple reports another blowout quarter with sales up 54%, authorizes $90 billion in share buybacks<blockquote>苹果报告又一个井喷季度销售额增长54%，授权900亿美元股票回购</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-04-29 07:12</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><b>KEY POINTS</b></p><p><blockquote><b>要点</b></blockquote></p><p><ul><li>Apple reported a blowout quarter on Wednesday, announcing companywide sales up 54% higher than last year, and&nbsp;significantly stronger profits than Wall Street expected.</li><li>Apple did not issue official guidance for what it expects in the quarter ending in June.</li><li>Apple authorized $90 billion in share buybacks.</li></ul>Apple&nbsp;reported&nbsp;a blowout quarter&nbsp;on Wednesday, announcing companywide sales up 54% higher than last year, and&nbsp;significantly stronger profits than Wall Street expected.</p><p><blockquote><ul><li>苹果周三公布了井喷季度业绩，宣布全公司销售额比去年增长54%，利润明显强于华尔街预期。</li><li>苹果没有就截至6月份的季度的预期发布官方指引。</li><li>苹果授权900亿美元的股票回购。</li></ul>苹果周三公布了井喷季度业绩，宣布全公司销售额比去年增长54%，利润明显强于华尔街预期。</blockquote></p><p>Apple stock rose over 4% at one point in extended trading.</p><p><blockquote>苹果股价在盘后交易中一度上涨超过4%。</blockquote></p><p><img src=\"https://static.tigerbbs.com/4e791f63f460807906f1793c2d58933e\" tg-width=\"1302\" tg-height=\"833\"></p><p><blockquote></blockquote></p><p>Apple reported double-digit growth in every single one of its product categories, and its&nbsp;most important product line, the iPhone, was up 65.5% from last year. Its Mac and iPad sales&nbsp;did&nbsp;better, with its computers up 70.1% and iPad&nbsp;sales&nbsp;growing nearly 79% on an annual basis.</p><p><blockquote>苹果报告称，其每个产品类别都实现了两位数的增长，其最重要的产品线iPhone比去年增长了65.5%。其Mac和iPad销量表现更好，电脑销量同比增长70.1%，iPad销量同比增长近79%。</blockquote></p><p>Apple said it would increase its dividend by 7%&nbsp;to $0.22 per share&nbsp;and authorized $90 billion in share buybacks, which is significantly higher than last year’s $50 billion outlay&nbsp;and 2019′s $75 billion.</p><p><blockquote>苹果表示，将把股息提高7%至每股0.22美元，并授权900亿美元的股票回购，这明显高于去年的500亿美元支出和2019年的750亿美元。</blockquote></p><p>Here’s how Apple did versus Refinitiv estimates:</p><p><blockquote>以下是苹果与Refinitiv估计的表现：</blockquote></p><p><ul><li><b>EPS</b>:&nbsp;$1.40&nbsp;vs. $0.99 estimated</li><li><b>Revenue</b>:&nbsp;$89.58&nbsp;billion&nbsp;vs. $77.36&nbsp;billion&nbsp;estimated, up 53.7% year-over-year</li><li><b>iPhone revenue</b>:&nbsp;$47.94 billion&nbsp;vs. $41.43&nbsp;billion&nbsp;estimated, up&nbsp;65.5% year-over-year</li><li><b>Services revenue</b>:&nbsp;$16.90 billion&nbsp;vs. $15.57&nbsp;billion&nbsp;estimated, up 26.7% year over&nbsp;year</li><li><b>Other Products revenue</b>:&nbsp;$7.83&nbsp;billion&nbsp;vs. $7.79&nbsp;billion&nbsp;estimated,&nbsp;up 24%&nbsp;year-over-year</li><li><b>Mac revenue</b>:&nbsp;$9.10&nbsp;billion&nbsp;vs. $6.86&nbsp;billion&nbsp;estimated, up 70.1% year-over-year</li><li><b>iPad revenue</b>:&nbsp;$7.80 billion&nbsp;vs. $5.58&nbsp;billion&nbsp;estimated, up 78.9% year-over-year</li><li><b>Gross margin</b>:&nbsp;42.5% vs. 39.8%&nbsp;estimated</li></ul>Apple did not issue official guidance for what it expects in the quarter ending in June. It hasn’t provided revenue&nbsp;guidance since the start of the pandemic, citing uncertainty.&nbsp;This is Apple’s second quarter in a row with double-digit growth in all product categories.&nbsp;Apple CFO Luca Maestri told analysts that the company expects June quarter revenue to rise by double digits year-over-year, although it faces some supply shortages due to the worldwide chip shortage.</p><p><blockquote><ul><li><b>EPS</b>：1.40美元对比。估计0.99美元</li><li><b>收入</b>：895.8亿美元对比。预计773.6亿美元，同比增长53.7%</li><li><b>iPhone收入</b>：479.4亿美元对比。预计为414.3亿美元，同比增长65.5%</li><li><b>服务收入</b>：169亿美元vs.预计155.7亿美元，同比增长26.7%</li><li><b>其他产品收益</b>：78.3亿美元对比。预计77.9亿美元，同比增长24%</li><li><b>Mac收入</b>：91亿美元vs.预计68.6亿美元，同比增长70.1%</li><li><b>iPad收入</b>：78亿美元vs.预计55.8亿美元，同比增长78.9%</li><li><b>毛利率</b>：42.5%vs.估计值39.8%</li></ul>苹果没有就截至6月份的季度的预期发布官方指引。自疫情开始以来，该公司一直没有提供收入指引，理由是存在不确定性。这是苹果连续第二个季度在所有产品类别中实现两位数增长。苹果首席财务官Luca Maestri告诉分析师，该公司预计6月份季度的收入将同比增长两位数，尽管由于全球芯片短缺，该公司面临一些供应短缺。</blockquote></p><p>Apple has said in the past months that its business has been boosted by the pandemic as consumers&nbsp;and businesses&nbsp;bought&nbsp;computers&nbsp;to work and entertain themselves while at home. But Apple’s strong results in the quarter suggest that the trend may persist as more economies&nbsp;open up.</p><p><blockquote>苹果在过去几个月表示，随着消费者和企业购买电脑在家工作和娱乐，其业务受到了疫情的提振。但苹果本季度的强劲业绩表明，随着更多经济体的开放，这一趋势可能会持续下去。</blockquote></p><p>Or, as Apple CEO Tim Cook said in a statement: “This quarter reflects both the enduring ways our products have helped our users meet this&nbsp;moment in their own lives, as well as the optimism consumers seem to feel about better days&nbsp;ahead for all of us.”</p><p><blockquote>或者，正如苹果首席执行官蒂姆·库克(Tim Cook)在一份声明中所说：“本季度既反映了我们的产品帮助用户在自己的生活中迎接这一时刻的持久方式，也反映了消费者似乎对所有人未来更好的日子感到乐观。我们。”</blockquote></p><p>Mac sales were up 70%, and Cook said that the result was “fueled by” the company’s introduction of its Mac&nbsp;laptops&nbsp;that used its own M1 chips&nbsp;for longer battery life, instead of processors sold by&nbsp;Intel.&nbsp;iPad sales were up&nbsp;nearly 79% year-over-year.</p><p><blockquote>Mac的销量增长了70%，库克表示，这一结果是由该公司推出的Mac笔记本电脑“推动”的，这些笔记本电脑使用了自己的M1芯片，电池寿命更长，而不是英特尔销售的处理器，iPad的销量同比增长了近79%。</blockquote></p><p>Neither of those&nbsp;results&nbsp;include iPad Pro or iMac models the company announced in March, which are expected to drive additional demand.</p><p><blockquote>这两个结果都不包括该公司3月份宣布的iPad Pro或iMac型号，预计这些型号将推动额外需求。</blockquote></p><p>“We’re seeing strong first-time buyers on the Mac&nbsp;…&nbsp;it continues to run just south of 50%,” Cook told CNBC’s Josh Lipton. “And, in China, it’s even higher than that&nbsp;…&nbsp;it’s more around two-thirds. And that speaks to people preferring to work on the Mac.”</p><p><blockquote>库克对CNBC的乔什·利普顿(Josh Lipton)表示：“我们看到Mac的首次购买者数量强劲……这一比例继续略低于50%。”“而且，在中国，这个数字甚至更高……大约是三分之二。这表明人们更喜欢在Mac上工作。”</blockquote></p><p>Apple’s iPhone also reported strong results this quarter, quelling fears that the current annual cycle could slow down. Last year, Apple released iPhones with a new exterior design and 5G support, which many investors believed could prompt a major upgrade cycle, which this quarter’s results indicate.</p><p><blockquote>苹果的iPhone本季度也公布了强劲的业绩，平息了人们对当前年度周期可能放缓的担忧。去年，苹果发布了具有新外观设计和5G支持的iPhone，许多投资者认为这可能会引发一个重大升级周期，本季度的业绩表明了这一点。</blockquote></p><p>In greater China, which includes the mainland, Hong Kong, and Taiwan,&nbsp;Apple’s revenue increased over&nbsp;87% year-over-year to $17.73 billion, although the comparison is to a quarter last year in which China was largely shut down in the early days of the pandemic.&nbsp;Every other geographical category, including the Americas and Europe, were also up on an annual basis.</p><p><blockquote>在包括大陆、香港和台湾在内的大中华区，苹果的收入同比增长超过87%，达到177.3亿美元，尽管相比之下，去年中国在疫情初期基本上处于关闭状态。其他所有地理类别，包括美洲和欧洲，也同比增长。</blockquote></p><p><img src=\"https://static.tigerbbs.com/37a8b45c92174e3c9ab224d9a85f5e2d\" tg-width=\"1910\" tg-height=\"1114\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>Apple’s&nbsp;high-margin&nbsp;services business, including iCloud, App Store, and subscriptions like Apple Music, also showed 26.7% growth.</p><p><blockquote>苹果的高利润服务业务，包括iCloud、App Store和苹果音乐等订阅业务，也实现了26.7%的增长。</blockquote></p><p></p><p>One metric that Apple uses to show the growth in services is the number of subscriptions it has, which not only include its own subscriptions like Apple One, but also subscriptions through its App Store.</p><p><blockquote>苹果用来显示服务增长的一个指标是其订阅数量，其中不仅包括苹果One等自有订阅，还包括通过其App Store进行的订阅。</blockquote></p><p>“We now have over 660 million paid subscriptions across the services on the platform, and that’s up 40 million from the previous quarter, which is an acceleration from 35 million,” Cook told CNBC.</p><p><blockquote>库克对CNBC表示：“我们平台上的服务现在有超过6.6亿付费订阅，比上一季度增加了4000万，比3500万有所增长。”</blockquote></p><p>However, Apple’s App Store has been challenged by lawmakers and companies that say it costs too much and has too much power. A closely-watched trial with Fortnite maker Epic Games over App Store policies kicks off next week.</p><p><blockquote>然而，苹果的应用商店受到了立法者和公司的挑战，他们说它成本太高，权力太大。堡垒之夜制造商Epic Games就App Store政策进行的备受关注的审判将于下周开始。</blockquote></p><p>“The App Store has been an economic miracle. Last year, the estimates are that there was over a half a trillion dollars of economic activity because of the store. And, so, this has been just an economic gamechanger for not only the United States, but several countries around the world. And, we’re going to go in and tell our story. And we’ll see where it goes. But, we’re confident,” Cook told CNBC.</p><p><blockquote>“App Store是一个经济奇迹。据估计，去年有超过5000亿美元的经济活动因为这个商店。所以，这不仅是美国的经济游戏规则改变者，也是世界上几个国家的经济规则改变者。我们将走进去讲述我们的故事。我们会看到它会走向何方。但是，我们有信心，”库克告诉CNBC。</blockquote></p><p>Apple’s gross margin was also unusually elevated for the company. Most quarters, it tends to be in the 38% to 39% range, but in the quarter ending in March, Apple reported 42.5% margins.</p><p><blockquote>苹果的毛利率也异常高。大多数季度，利润率往往在38%至39%之间，但在截至3月份的季度，苹果报告利润率为42.5%。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1137964402","content_text":"KEY POINTSApple reported a blowout quarter on Wednesday, announcing companywide sales up 54% higher than last year, and significantly stronger profits than Wall Street expected.Apple did not issue official guidance for what it expects in the quarter ending in June.Apple authorized $90 billion in share buybacks.Apple reported a blowout quarter on Wednesday, announcing companywide sales up 54% higher than last year, and significantly stronger profits than Wall Street expected.Apple stock rose over 4% at one point in extended trading.Apple reported double-digit growth in every single one of its product categories, and its most important product line, the iPhone, was up 65.5% from last year. Its Mac and iPad sales did better, with its computers up 70.1% and iPad sales growing nearly 79% on an annual basis.Apple said it would increase its dividend by 7% to $0.22 per share and authorized $90 billion in share buybacks, which is significantly higher than last year’s $50 billion outlay and 2019′s $75 billion.Here’s how Apple did versus Refinitiv estimates:EPS: $1.40 vs. $0.99 estimatedRevenue: $89.58 billion vs. $77.36 billion estimated, up 53.7% year-over-yeariPhone revenue: $47.94 billion vs. $41.43 billion estimated, up 65.5% year-over-yearServices revenue: $16.90 billion vs. $15.57 billion estimated, up 26.7% year over yearOther Products revenue: $7.83 billion vs. $7.79 billion estimated, up 24% year-over-yearMac revenue: $9.10 billion vs. $6.86 billion estimated, up 70.1% year-over-yeariPad revenue: $7.80 billion vs. $5.58 billion estimated, up 78.9% year-over-yearGross margin: 42.5% vs. 39.8% estimatedApple did not issue official guidance for what it expects in the quarter ending in June. It hasn’t provided revenue guidance since the start of the pandemic, citing uncertainty. This is Apple’s second quarter in a row with double-digit growth in all product categories. Apple CFO Luca Maestri told analysts that the company expects June quarter revenue to rise by double digits year-over-year, although it faces some supply shortages due to the worldwide chip shortage.Apple has said in the past months that its business has been boosted by the pandemic as consumers and businesses bought computers to work and entertain themselves while at home. But Apple’s strong results in the quarter suggest that the trend may persist as more economies open up.Or, as Apple CEO Tim Cook said in a statement: “This quarter reflects both the enduring ways our products have helped our users meet this moment in their own lives, as well as the optimism consumers seem to feel about better days ahead for all of us.”Mac sales were up 70%, and Cook said that the result was “fueled by” the company’s introduction of its Mac laptops that used its own M1 chips for longer battery life, instead of processors sold by Intel. iPad sales were up nearly 79% year-over-year.Neither of those results include iPad Pro or iMac models the company announced in March, which are expected to drive additional demand.“We’re seeing strong first-time buyers on the Mac … it continues to run just south of 50%,” Cook told CNBC’s Josh Lipton. “And, in China, it’s even higher than that … it’s more around two-thirds. And that speaks to people preferring to work on the Mac.”Apple’s iPhone also reported strong results this quarter, quelling fears that the current annual cycle could slow down. Last year, Apple released iPhones with a new exterior design and 5G support, which many investors believed could prompt a major upgrade cycle, which this quarter’s results indicate.In greater China, which includes the mainland, Hong Kong, and Taiwan, Apple’s revenue increased over 87% year-over-year to $17.73 billion, although the comparison is to a quarter last year in which China was largely shut down in the early days of the pandemic. Every other geographical category, including the Americas and Europe, were also up on an annual basis.Apple’s high-margin services business, including iCloud, App Store, and subscriptions like Apple Music, also showed 26.7% growth.One metric that Apple uses to show the growth in services is the number of subscriptions it has, which not only include its own subscriptions like Apple One, but also subscriptions through its App Store.“We now have over 660 million paid subscriptions across the services on the platform, and that’s up 40 million from the previous quarter, which is an acceleration from 35 million,” Cook told CNBC.However, Apple’s App Store has been challenged by lawmakers and companies that say it costs too much and has too much power. A closely-watched trial with Fortnite maker Epic Games over App Store policies kicks off next week.“The App Store has been an economic miracle. Last year, the estimates are that there was over a half a trillion dollars of economic activity because of the store. And, so, this has been just an economic gamechanger for not only the United States, but several countries around the world. And, we’re going to go in and tell our story. And we’ll see where it goes. But, we’re confident,” Cook told CNBC.Apple’s gross margin was also unusually elevated for the company. Most quarters, it tends to be in the 38% to 39% range, but in the quarter ending in March, Apple reported 42.5% margins.","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":720,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":102395323,"gmtCreate":1620176430662,"gmtModify":1634207236657,"author":{"id":"3571392409099070","authorId":"3571392409099070","name":"ConnieCD","avatar":"https://static.tigerbbs.com/915b685005c69f07e82d31330014218b","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571392409099070","idStr":"3571392409099070"},"themes":[],"htmlText":"Good new&nbsp;","listText":"Good new&nbsp;","text":"Good new","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/102395323","repostId":"2133545119","repostType":4,"repost":{"id":"2133545119","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":1620159180,"share":"https://www.laohu8.com/m/news/2133545119?lang=zh_CN&edition=full","pubTime":"2021-05-05 04:13","market":"us","language":"en","title":"Activision Blizzard Tops Q1 EPS by 28c; Raises Outlook<blockquote>动视暴雪第一季度每股收益高出28美分；上调前景</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2133545119","media":"Tiger Newspress","summary":"Activision Blizzard (NASDAQ: ATVI) reported Q1 EPS of $0.98, $0.28 better than the analyst estimate ","content":"<p>Activision Blizzard (NASDAQ: ATVI) reported Q1 EPS of $0.98, $0.28 better than the analyst estimate of $0.70. Revenue for the quarter came in at $2.28 billion versus the consensus estimate of $1.78 billion.<img src=\"https://static.tigerbbs.com/ab84ce5aadf676ca6f19ae08db5de0d2\" tg-width=\"1110\" tg-height=\"790\" referrerpolicy=\"no-referrer\">“Our employees continue to demonstrate exceptional performance under challenging circumstances,” said Bobby Kotick, CEO of Activision Blizzard. “That relentless drive across our franchises produced strong first quarter results that were well ahead of expectations. Our continued overperformance enables us to raise our outlook for the full year.”<img src=\"https://static.tigerbbs.com/4fdd25895091867c5267f6a16a068911\" tg-width=\"702\" tg-height=\"515\" referrerpolicy=\"no-referrer\"></p><p><blockquote>动视暴雪（纳斯达克：ATVI）报告第一季度每股收益为0.98美元，比分析师预期的0.70美元高出0.28美元。该季度营收为22.8亿美元，而市场普遍预期为17.8亿美元。动视暴雪首席执行官鲍比·科蒂克(Bobby Kotick)表示：“我们的员工在充满挑战的环境下继续表现出出色的表现。”“我们特许经营权的不懈推动产生了强劲的第一季度业绩，远超预期。我们持续的优异表现使我们能够提高全年的预期。”</blockquote></p><p> <b>GUIDANCE:</b></p><p><blockquote><b>指导意见：</b></blockquote></p><p> Activision Blizzard sees Q2 2021 EPS of $0.91, versus the consensus of $0.75. Activision Blizzard sees Q2 2021 revenue of $2.135 billion, versus the consensus of $1.81 billion.</p><p><blockquote>动视暴雪预计2021年第二季度每股收益为0.91美元，而市场普遍预期为0.75美元。动视暴雪预计2021年第二季度营收为21.35亿美元，而市场普遍预期为18.1亿美元。</blockquote></p><p> Activision Blizzard sees FY2021 EPS of $3.42, versus the consensus of $3.65. Activision Blizzard sees FY2021 revenue of $8.37 billion, versus the consensus of $8.55 billion.</p><p><blockquote>动视暴雪预计2021财年每股收益为3.42美元，而市场普遍预期为3.65美元。动视暴雪预计2021财年营收为83.7亿美元，而市场普遍预期为85.5亿美元。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Activision Blizzard Tops Q1 EPS by 28c; Raises Outlook<blockquote>动视暴雪第一季度每股收益高出28美分；上调前景</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\">\nActivision Blizzard Tops Q1 EPS by 28c; Raises Outlook<blockquote>动视暴雪第一季度每股收益高出28美分；上调前景</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-05-05 04:13</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Activision Blizzard (NASDAQ: ATVI) reported Q1 EPS of $0.98, $0.28 better than the analyst estimate of $0.70. Revenue for the quarter came in at $2.28 billion versus the consensus estimate of $1.78 billion.<img src=\"https://static.tigerbbs.com/ab84ce5aadf676ca6f19ae08db5de0d2\" tg-width=\"1110\" tg-height=\"790\" referrerpolicy=\"no-referrer\">“Our employees continue to demonstrate exceptional performance under challenging circumstances,” said Bobby Kotick, CEO of Activision Blizzard. “That relentless drive across our franchises produced strong first quarter results that were well ahead of expectations. Our continued overperformance enables us to raise our outlook for the full year.”<img src=\"https://static.tigerbbs.com/4fdd25895091867c5267f6a16a068911\" tg-width=\"702\" tg-height=\"515\" referrerpolicy=\"no-referrer\"></p><p><blockquote>动视暴雪（纳斯达克：ATVI）报告第一季度每股收益为0.98美元，比分析师预期的0.70美元高出0.28美元。该季度营收为22.8亿美元，而市场普遍预期为17.8亿美元。动视暴雪首席执行官鲍比·科蒂克(Bobby Kotick)表示：“我们的员工在充满挑战的环境下继续表现出出色的表现。”“我们特许经营权的不懈推动产生了强劲的第一季度业绩，远超预期。我们持续的优异表现使我们能够提高全年的预期。”</blockquote></p><p> <b>GUIDANCE:</b></p><p><blockquote><b>指导意见：</b></blockquote></p><p> Activision Blizzard sees Q2 2021 EPS of $0.91, versus the consensus of $0.75. Activision Blizzard sees Q2 2021 revenue of $2.135 billion, versus the consensus of $1.81 billion.</p><p><blockquote>动视暴雪预计2021年第二季度每股收益为0.91美元，而市场普遍预期为0.75美元。动视暴雪预计2021年第二季度营收为21.35亿美元，而市场普遍预期为18.1亿美元。</blockquote></p><p> Activision Blizzard sees FY2021 EPS of $3.42, versus the consensus of $3.65. Activision Blizzard sees FY2021 revenue of $8.37 billion, versus the consensus of $8.55 billion.</p><p><blockquote>动视暴雪预计2021财年每股收益为3.42美元，而市场普遍预期为3.65美元。动视暴雪预计2021财年营收为83.7亿美元，而市场普遍预期为85.5亿美元。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ATVI":"动视暴雪"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2133545119","content_text":"Activision Blizzard (NASDAQ: ATVI) reported Q1 EPS of $0.98, $0.28 better than the analyst estimate of $0.70. Revenue for the quarter came in at $2.28 billion versus the consensus estimate of $1.78 billion.“Our employees continue to demonstrate exceptional performance under challenging circumstances,” said Bobby Kotick, CEO of Activision Blizzard. “That relentless drive across our franchises produced strong first quarter results that were well ahead of expectations. Our continued overperformance enables us to raise our outlook for the full year.”\nGUIDANCE:\nActivision Blizzard sees Q2 2021 EPS of $0.91, versus the consensus of $0.75. Activision Blizzard sees Q2 2021 revenue of $2.135 billion, versus the consensus of $1.81 billion.\nActivision Blizzard sees FY2021 EPS of $3.42, versus the consensus of $3.65. Activision Blizzard sees FY2021 revenue of $8.37 billion, versus the consensus of $8.55 billion.","news_type":1,"symbols_score_info":{"ATVI":0.9}},"isVote":1,"tweetType":1,"viewCount":747,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":340038389,"gmtCreate":1617321367741,"gmtModify":1634521474226,"author":{"id":"3571392409099070","authorId":"3571392409099070","name":"ConnieCD","avatar":"https://static.tigerbbs.com/915b685005c69f07e82d31330014218b","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571392409099070","idStr":"3571392409099070"},"themes":[],"htmlText":"Tell me your opinion about this news...","listText":"Tell me your opinion about this news...","text":"Tell me your opinion about this news...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/340038389","repostId":"1118806094","repostType":4,"isVote":1,"tweetType":1,"viewCount":604,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":378919124,"gmtCreate":1618989798068,"gmtModify":1634289379853,"author":{"id":"3571392409099070","authorId":"3571392409099070","name":"ConnieCD","avatar":"https://static.tigerbbs.com/915b685005c69f07e82d31330014218b","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571392409099070","idStr":"3571392409099070"},"themes":[],"htmlText":"Mini LED 👍🏼&nbsp;","listText":"Mini LED 👍🏼&nbsp;","text":"Mini LED 👍🏼","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/378919124","repostId":"1193736432","repostType":4,"isVote":1,"tweetType":1,"viewCount":421,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":346675138,"gmtCreate":1618038472724,"gmtModify":1634295095475,"author":{"id":"3571392409099070","authorId":"3571392409099070","name":"ConnieCD","avatar":"https://static.tigerbbs.com/915b685005c69f07e82d31330014218b","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571392409099070","idStr":"3571392409099070"},"themes":[],"htmlText":"👍🏼&nbsp;","listText":"👍🏼&nbsp;","text":"👍🏼","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/346675138","repostId":"2126315033","repostType":4,"isVote":1,"tweetType":1,"viewCount":422,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":108056050,"gmtCreate":1619965696370,"gmtModify":1634208840867,"author":{"id":"3571392409099070","authorId":"3571392409099070","name":"ConnieCD","avatar":"https://static.tigerbbs.com/915b685005c69f07e82d31330014218b","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571392409099070","idStr":"3571392409099070"},"themes":[],"htmlText":"👍🏼&nbsp;","listText":"👍🏼&nbsp;","text":"👍🏼","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/108056050","repostId":"1178555518","repostType":2,"isVote":1,"tweetType":1,"viewCount":888,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":377264310,"gmtCreate":1619531214330,"gmtModify":1634212008804,"author":{"id":"3571392409099070","authorId":"3571392409099070","name":"ConnieCD","avatar":"https://static.tigerbbs.com/915b685005c69f07e82d31330014218b","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571392409099070","idStr":"3571392409099070"},"themes":[],"htmlText":"Good&nbsp;","listText":"Good&nbsp;","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/377264310","repostId":"1155157199","repostType":4,"repost":{"id":"1155157199","kind":"news","pubTimestamp":1619494851,"share":"https://www.laohu8.com/m/news/1155157199?lang=zh_CN&edition=full","pubTime":"2021-04-27 11:40","market":"us","language":"en","title":"Microsoft Nears $2 Trillion Market Cap. Earnings Are Tuesday.<blockquote>微软市值接近2万亿美元。收益将于周二公布。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1155157199","media":"Barrons","summary":"Wall Street is expecting Microsoft to report strong financial results when the company posts its March quarter numbers after the close of trading on Tuesday.The consensus forecast among analysts is for revenue of $41 billion, up 17% from a year ago, with profits of $1.78 a share.  On Monday, Microsoft stock set an intraday record of $262.44, leaving the stock just a modest rally away from hitting a $2 trillion valuation for the first time. To get there, the stock needs to rise to $264.55.J.P. Mo","content":"<p>Wall Street is expecting Microsoft to report strong financial results when the company posts its March quarter numbers after the close of trading on Tuesday.</p><p><blockquote>华尔街预计微软将在周二收盘后公布三月份季度数据时公布强劲的财务业绩。</blockquote></p><p>The consensus forecast among analysts is for revenue of $41 billion, up 17% from a year ago, with profits of $1.78 a share.&nbsp; On Monday, Microsoft stock set an intraday record of $262.44, leaving the stock just a modest rally away from hitting a $2 trillion valuation for the first time. To get there, the stock needs to rise to $264.55.</p><p><blockquote>分析师普遍预测营收为410亿美元，同比增长17%，每股利润为1.78美元。周一，微软股价创下262.44美元的盘中纪录，距离首次触及2万亿美元估值仅小幅上涨。要实现这一目标，该股需要上涨至264.55美元。</blockquote></p><p>The shares have gained 18% year to date.</p><p><blockquote>今年迄今为止，该股已上涨18%。</blockquote></p><p>Analysts expect another strong quarter from the company’s Azure and Office 365 cloud businesses, and will be looking for signs of accelerating growth in its enterprise operation. Sales of Surface hardware—laptops and whiteboards—were likely strong in the quarter, given the huge recent growth in PC purchases, although there is some potential that shortages of components resulted in unfilled demand. Strength in the PC market also bodes well for sales of the Windows operating system.&nbsp;</p><p><blockquote>分析师预计该公司的Azure和Office 365云业务将迎来另一个强劲的季度，并将寻找其企业运营加速增长的迹象。鉴于近期PC购买量大幅增长，Surface硬件（笔记本电脑和白板）的销售可能在本季度强劲，尽管组件短缺可能导致需求未得到满足。个人电脑市场的强劲也预示着Windows操作系统的销售。</blockquote></p><p>Microsoft breaks down its results into&nbsp;three segments: Productivity and Business Processes, which includes Office 365, Dynamics, and LinkedIn; Intelligence Cloud, which includes Azure and enterprise server software; and More Personal Computing, which includes Windows, Xbox, Surface hardware, and Bing.</p><p><blockquote>微软将其业绩分为三个部分：生产力和业务流程，其中包括Office 365、Dynamics和LinkedIn；智能云，包括Azure和企业服务器软件；以及更多的个人计算，包括Windows、Xbox、Surface硬件和Bing。</blockquote></p><p>When Microsoft reported its results for its fiscal second quarter in late January,CFO Amy Hood provided revenue guidance for each segment. For Productivity and Business Processes, she projected revenue of $13.35 billion to $13.6 billion. The call for Intelligent Cloud was for revenue of $14.7 billion to $14.95 billion, while she predicted $12.3 billion to $12.7 billion for More Personal Computing. If revenue for each segment came in at the top of its forecast range, the total would be $41.25 billion.</p><p><blockquote>当微软在1月底公布第二财季业绩时，首席财务官Amy Hood提供了每个部门的收入指引。对于生产力和业务流程，她预计收入为133.5亿至136亿美元。智能云的看涨期权是收入为147亿至149.5亿美元，而她预测更多个人计算的收入为123亿至127亿美元。如果每个部门的收入都处于预测范围的顶部，那么总收入将达到412.5亿美元。</blockquote></p><p>In research notes, several analysts cited positive comments from customers and resellers in projecting strong results.</p><p><blockquote>在研究报告中，几位分析师引用了客户和经销商的积极评论来预测强劲的业绩。</blockquote></p><p>Last week, KeyBanc Capital’s Michael Turits repeated his Overweight rating on the stock while lifting his target for the price to $295, from $280. He says the company is likely benefiting from a combination of strong IT demand and continuing strength in PC shipments.</p><p><blockquote>上周，KeyBanc Capital的Michael Turits重申了对该股的跑赢大盘评级，同时将目标价从280美元上调至295美元。他表示，该公司可能会受益于强劲的IT需求和个人电脑出货量的持续强劲。</blockquote></p><p>“We continue to see Microsoft’s combination of expanding Azure scope, broad enterprise application innovation, and aggressive bundling seeing success in the market,” he wrote. “Nearly all North American Microsoft distributors/resellers we spoke with reported Microsoft channel revenue on or above plan.”</p><p><blockquote>他写道：“我们继续看到微软不断扩大的Azure范围、广泛的企业应用程序创新和积极的捆绑在市场上取得了成功。”“我们采访的几乎所有北美微软分销商/经销商都报告微软渠道收入达到或高于计划。”</blockquote></p><p>J.P. Morgan analyst Mark Murphy came away from his own new survey of resellers of Microsoft products encouraged about the outlook. He says those companies’ quarterly sales of Microsoft goods came in an average of 3.3% above their expectations, driven by improving enterprise demand. He reported strength across the company’s enterprise product lines, with growth in Azure, Teams, Office 365, and security products, among other places. Murphy rates Microsoft at Overweight and has a target of $245 for the stock price.</p><p><blockquote>摩根大通分析师Mark Murphy对微软产品经销商进行了新的调查，对前景感到鼓舞。他表示，在企业需求改善的推动下，这些公司的微软商品季度销售额平均比预期高出3.3%。他报告了公司企业产品线的实力，包括Azure、Teams、Office 365和安全产品等领域的增长。Murphy对微软的评级为跑赢大盘，目标股价为245美元。</blockquote></p><p>Wedbush analyst Dan Ives&nbsp;forecast “another masterpiece quarter,” driven by growth of at least 45% from Azure, which he thinks is taking market share from Amazon Web Services. He said the current work-from-home environment is encouraging more businesses to make strategic moves toward cloud-based operations “with Microsoft across the board with Azure growth remaining brisk.” He maintained an Outperform rating, with a target of $300 for the share price.</p><p><blockquote>Wedbush分析师丹·艾夫斯(Dan Ives)预测，在Azure至少增长45%的推动下，这将是“又一个杰作季度”，他认为Azure正在从亚马逊网络服务(Amazon Web Services)手中夺取市场份额。他表示，当前的在家工作环境正在鼓励更多企业采取战略举措，转向基于云的运营，“微软全面展开，Azure增长依然强劲”。他维持跑赢大盘评级，目标股价为300美元。</blockquote></p><p>Citi analyst Tyler Radke&nbsp;last week reiterated a Buy rating on Microsoft shares, lifting his price target to $302, from $292, and setting a “positive catalyst watch” on the stock ahead of the results. He wrote that a combination of a survey of resellers and channel checks made him more confident that Microsoft can propel revenue across all three primary business segments, with strength in personal computer demand from both consumers and businesses, robust upgrade activity on server software, and continued strength in Azure as a result of “continued strong enterprise consumption growth.”&nbsp;</p><p><blockquote>花旗分析师泰勒·拉德克(Tyler Radke)上周重申了对微软股票的买入评级，将目标价从292美元上调至302美元，并在业绩公布前对该股设定了“积极催化剂观察”。他写道，对经销商的调查和渠道检查的结合使他更有信心，微软可以推动所有三个主要业务部门的收入，消费者和企业对个人电脑的需求强劲，服务器软件的强劲升级活动，以及由于“企业消费持续强劲增长”，Azure持续走强。</blockquote></p><p></p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Microsoft Nears $2 Trillion Market Cap. Earnings Are Tuesday.<blockquote>微软市值接近2万亿美元。收益将于周二公布。</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\">\nMicrosoft Nears $2 Trillion Market Cap. Earnings Are Tuesday.<blockquote>微软市值接近2万亿美元。收益将于周二公布。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-04-27 11:40</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Wall Street is expecting Microsoft to report strong financial results when the company posts its March quarter numbers after the close of trading on Tuesday.</p><p><blockquote>华尔街预计微软将在周二收盘后公布三月份季度数据时公布强劲的财务业绩。</blockquote></p><p>The consensus forecast among analysts is for revenue of $41 billion, up 17% from a year ago, with profits of $1.78 a share.&nbsp; On Monday, Microsoft stock set an intraday record of $262.44, leaving the stock just a modest rally away from hitting a $2 trillion valuation for the first time. To get there, the stock needs to rise to $264.55.</p><p><blockquote>分析师普遍预测营收为410亿美元，同比增长17%，每股利润为1.78美元。周一，微软股价创下262.44美元的盘中纪录，距离首次触及2万亿美元估值仅小幅上涨。要实现这一目标，该股需要上涨至264.55美元。</blockquote></p><p>The shares have gained 18% year to date.</p><p><blockquote>今年迄今为止，该股已上涨18%。</blockquote></p><p>Analysts expect another strong quarter from the company’s Azure and Office 365 cloud businesses, and will be looking for signs of accelerating growth in its enterprise operation. Sales of Surface hardware—laptops and whiteboards—were likely strong in the quarter, given the huge recent growth in PC purchases, although there is some potential that shortages of components resulted in unfilled demand. Strength in the PC market also bodes well for sales of the Windows operating system.&nbsp;</p><p><blockquote>分析师预计该公司的Azure和Office 365云业务将迎来另一个强劲的季度，并将寻找其企业运营加速增长的迹象。鉴于近期PC购买量大幅增长，Surface硬件（笔记本电脑和白板）的销售可能在本季度强劲，尽管组件短缺可能导致需求未得到满足。个人电脑市场的强劲也预示着Windows操作系统的销售。</blockquote></p><p>Microsoft breaks down its results into&nbsp;three segments: Productivity and Business Processes, which includes Office 365, Dynamics, and LinkedIn; Intelligence Cloud, which includes Azure and enterprise server software; and More Personal Computing, which includes Windows, Xbox, Surface hardware, and Bing.</p><p><blockquote>微软将其业绩分为三个部分：生产力和业务流程，其中包括Office 365、Dynamics和LinkedIn；智能云，包括Azure和企业服务器软件；以及更多的个人计算，包括Windows、Xbox、Surface硬件和Bing。</blockquote></p><p>When Microsoft reported its results for its fiscal second quarter in late January,CFO Amy Hood provided revenue guidance for each segment. For Productivity and Business Processes, she projected revenue of $13.35 billion to $13.6 billion. The call for Intelligent Cloud was for revenue of $14.7 billion to $14.95 billion, while she predicted $12.3 billion to $12.7 billion for More Personal Computing. If revenue for each segment came in at the top of its forecast range, the total would be $41.25 billion.</p><p><blockquote>当微软在1月底公布第二财季业绩时，首席财务官Amy Hood提供了每个部门的收入指引。对于生产力和业务流程，她预计收入为133.5亿至136亿美元。智能云的看涨期权是收入为147亿至149.5亿美元，而她预测更多个人计算的收入为123亿至127亿美元。如果每个部门的收入都处于预测范围的顶部，那么总收入将达到412.5亿美元。</blockquote></p><p>In research notes, several analysts cited positive comments from customers and resellers in projecting strong results.</p><p><blockquote>在研究报告中，几位分析师引用了客户和经销商的积极评论来预测强劲的业绩。</blockquote></p><p>Last week, KeyBanc Capital’s Michael Turits repeated his Overweight rating on the stock while lifting his target for the price to $295, from $280. He says the company is likely benefiting from a combination of strong IT demand and continuing strength in PC shipments.</p><p><blockquote>上周，KeyBanc Capital的Michael Turits重申了对该股的跑赢大盘评级，同时将目标价从280美元上调至295美元。他表示，该公司可能会受益于强劲的IT需求和个人电脑出货量的持续强劲。</blockquote></p><p>“We continue to see Microsoft’s combination of expanding Azure scope, broad enterprise application innovation, and aggressive bundling seeing success in the market,” he wrote. “Nearly all North American Microsoft distributors/resellers we spoke with reported Microsoft channel revenue on or above plan.”</p><p><blockquote>他写道：“我们继续看到微软不断扩大的Azure范围、广泛的企业应用程序创新和积极的捆绑在市场上取得了成功。”“我们采访的几乎所有北美微软分销商/经销商都报告微软渠道收入达到或高于计划。”</blockquote></p><p>J.P. Morgan analyst Mark Murphy came away from his own new survey of resellers of Microsoft products encouraged about the outlook. He says those companies’ quarterly sales of Microsoft goods came in an average of 3.3% above their expectations, driven by improving enterprise demand. He reported strength across the company’s enterprise product lines, with growth in Azure, Teams, Office 365, and security products, among other places. Murphy rates Microsoft at Overweight and has a target of $245 for the stock price.</p><p><blockquote>摩根大通分析师Mark Murphy对微软产品经销商进行了新的调查，对前景感到鼓舞。他表示，在企业需求改善的推动下，这些公司的微软商品季度销售额平均比预期高出3.3%。他报告了公司企业产品线的实力，包括Azure、Teams、Office 365和安全产品等领域的增长。Murphy对微软的评级为跑赢大盘，目标股价为245美元。</blockquote></p><p>Wedbush analyst Dan Ives&nbsp;forecast “another masterpiece quarter,” driven by growth of at least 45% from Azure, which he thinks is taking market share from Amazon Web Services. He said the current work-from-home environment is encouraging more businesses to make strategic moves toward cloud-based operations “with Microsoft across the board with Azure growth remaining brisk.” He maintained an Outperform rating, with a target of $300 for the share price.</p><p><blockquote>Wedbush分析师丹·艾夫斯(Dan Ives)预测，在Azure至少增长45%的推动下，这将是“又一个杰作季度”，他认为Azure正在从亚马逊网络服务(Amazon Web Services)手中夺取市场份额。他表示，当前的在家工作环境正在鼓励更多企业采取战略举措，转向基于云的运营，“微软全面展开，Azure增长依然强劲”。他维持跑赢大盘评级，目标股价为300美元。</blockquote></p><p>Citi analyst Tyler Radke&nbsp;last week reiterated a Buy rating on Microsoft shares, lifting his price target to $302, from $292, and setting a “positive catalyst watch” on the stock ahead of the results. He wrote that a combination of a survey of resellers and channel checks made him more confident that Microsoft can propel revenue across all three primary business segments, with strength in personal computer demand from both consumers and businesses, robust upgrade activity on server software, and continued strength in Azure as a result of “continued strong enterprise consumption growth.”&nbsp;</p><p><blockquote>花旗分析师泰勒·拉德克(Tyler Radke)上周重申了对微软股票的买入评级，将目标价从292美元上调至302美元，并在业绩公布前对该股设定了“积极催化剂观察”。他写道，对经销商的调查和渠道检查的结合使他更有信心，微软可以推动所有三个主要业务部门的收入，消费者和企业对个人电脑的需求强劲，服务器软件的强劲升级活动，以及由于“企业消费持续强劲增长”，Azure持续走强。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/microsoft-nears-2-trillion-market-cap-earnings-are-tuesday-51619457928?mod=hp_DAY_Theme_2_1\">Barrons</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSFT":"微软"},"source_url":"https://www.barrons.com/articles/microsoft-nears-2-trillion-market-cap-earnings-are-tuesday-51619457928?mod=hp_DAY_Theme_2_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1155157199","content_text":"Wall Street is expecting Microsoft to report strong financial results when the company posts its March quarter numbers after the close of trading on Tuesday.The consensus forecast among analysts is for revenue of $41 billion, up 17% from a year ago, with profits of $1.78 a share.  On Monday, Microsoft stock set an intraday record of $262.44, leaving the stock just a modest rally away from hitting a $2 trillion valuation for the first time. To get there, the stock needs to rise to $264.55.The shares have gained 18% year to date.Analysts expect another strong quarter from the company’s Azure and Office 365 cloud businesses, and will be looking for signs of accelerating growth in its enterprise operation. Sales of Surface hardware—laptops and whiteboards—were likely strong in the quarter, given the huge recent growth in PC purchases, although there is some potential that shortages of components resulted in unfilled demand. Strength in the PC market also bodes well for sales of the Windows operating system. Microsoft breaks down its results into three segments: Productivity and Business Processes, which includes Office 365, Dynamics, and LinkedIn; Intelligence Cloud, which includes Azure and enterprise server software; and More Personal Computing, which includes Windows, Xbox, Surface hardware, and Bing.When Microsoft reported its results for its fiscal second quarter in late January,CFO Amy Hood provided revenue guidance for each segment. For Productivity and Business Processes, she projected revenue of $13.35 billion to $13.6 billion. The call for Intelligent Cloud was for revenue of $14.7 billion to $14.95 billion, while she predicted $12.3 billion to $12.7 billion for More Personal Computing. If revenue for each segment came in at the top of its forecast range, the total would be $41.25 billion.In research notes, several analysts cited positive comments from customers and resellers in projecting strong results.Last week, KeyBanc Capital’s Michael Turits repeated his Overweight rating on the stock while lifting his target for the price to $295, from $280. He says the company is likely benefiting from a combination of strong IT demand and continuing strength in PC shipments.“We continue to see Microsoft’s combination of expanding Azure scope, broad enterprise application innovation, and aggressive bundling seeing success in the market,” he wrote. “Nearly all North American Microsoft distributors/resellers we spoke with reported Microsoft channel revenue on or above plan.”J.P. Morgan analyst Mark Murphy came away from his own new survey of resellers of Microsoft products encouraged about the outlook. He says those companies’ quarterly sales of Microsoft goods came in an average of 3.3% above their expectations, driven by improving enterprise demand. He reported strength across the company’s enterprise product lines, with growth in Azure, Teams, Office 365, and security products, among other places. Murphy rates Microsoft at Overweight and has a target of $245 for the stock price.Wedbush analyst Dan Ives forecast “another masterpiece quarter,” driven by growth of at least 45% from Azure, which he thinks is taking market share from Amazon Web Services. He said the current work-from-home environment is encouraging more businesses to make strategic moves toward cloud-based operations “with Microsoft across the board with Azure growth remaining brisk.” He maintained an Outperform rating, with a target of $300 for the share price.Citi analyst Tyler Radke last week reiterated a Buy rating on Microsoft shares, lifting his price target to $302, from $292, and setting a “positive catalyst watch” on the stock ahead of the results. He wrote that a combination of a survey of resellers and channel checks made him more confident that Microsoft can propel revenue across all three primary business segments, with strength in personal computer demand from both consumers and businesses, robust upgrade activity on server software, and continued strength in Azure as a result of “continued strong enterprise consumption growth.”","news_type":1,"symbols_score_info":{"MSFT":0.9}},"isVote":1,"tweetType":1,"viewCount":485,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":374000494,"gmtCreate":1619399823318,"gmtModify":1634273806435,"author":{"id":"3571392409099070","authorId":"3571392409099070","name":"ConnieCD","avatar":"https://static.tigerbbs.com/915b685005c69f07e82d31330014218b","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571392409099070","idStr":"3571392409099070"},"themes":[],"htmlText":"&nbsp;Good new&nbsp;","listText":"&nbsp;Good 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