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Yappy
2021-12-30
Both haha
Lucid Vs. NIO Stock: Which EV Stock Is The Better Buy?<blockquote>Lucid 与蔚来股票:哪只电动汽车股票更值得购买?</blockquote>
Yappy
2021-12-29
Ok
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Yappy
2021-12-29
Like thanks
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Yappy
2021-12-28
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Is Merck Stock A Buy Or Sell After FDA Authorizes Its Covid Pill?<blockquote>FDA 批准其 Covid 药丸后,默克股票是买入还是卖出?</blockquote>
Yappy
2021-12-28
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Yappy
2021-12-27
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Used Cars Appreciating Faster Than Stock Market, Even Some Cryptocurrencies: Report<blockquote>二手车升值速度快于股市,甚至一些加密货币也是如此:报告</blockquote>
Yappy
2021-12-27
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Yappy
2021-12-26
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Yappy
2021-12-26
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Yappy
2021-12-24
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Sumitomo wins big with early bet on EV startup Rivian<blockquote>住友商事株式会社早期押注电动汽车初创公司Rivian,大获全胜</blockquote>
Yappy
2021-12-23
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Why Paychex Shares Are Making New All-Time Highs Today<blockquote>为什么 Paychex 股价今天创下历史新高</blockquote>
Yappy
2021-12-22
Well done
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Yappy
2021-12-22
Up up up
Why Tesla Stock Jumped on Tuesday<blockquote>为什么特斯拉股价周二上涨</blockquote>
Yappy
2021-12-21
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Yappy
2021-12-20
Wow
'Spider-Man: No Way Home' Rocks The US Box Office With $253M Opening<blockquote>《蜘蛛侠:英雄无归》首映票房达 2.53 亿美元,震撼美国票房</blockquote>
Yappy
2021-12-18
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1 Unstoppable Stock to Buy Before 2022<blockquote>2022 年之前值得购买的 1 只势不可挡的股票</blockquote>
Yappy
2021-12-17
Good
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Yappy
2021-12-16
Ok
Dow industrials pop up and stock market tries to clamber higher, even as Fed projections point to 3 rate hikes in 2022<blockquote>尽管美联储预测 2022 年将加息 3 次,陶氏工业指数突然上涨,股市试图攀升</blockquote>
Yappy
2021-12-15
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Yappy
2021-12-14
Ok
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haha","listText":"Both haha","text":"Both haha","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/692363872","repostId":"1139674064","repostType":4,"repost":{"id":"1139674064","kind":"news","pubTimestamp":1640878484,"share":"https://www.laohunote.com/m/news/1139674064?lang=zh_CN&edition=full","pubTime":"2021-12-30 23:34","market":"us","language":"en","title":"Lucid Vs. NIO Stock: Which EV Stock Is The Better Buy?<blockquote>Lucid 与蔚来股票:哪只电动汽车股票更值得购买?</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1139674064","media":"Seeking Alpha","summary":"SummaryThe EV market is getting ever more competitive. Owning strong brands or tech will be important for companies to differentiate themselves from others.Both NIO and LCID have strong brands and gre","content":"<p><html><head></head><body><b>Summary</b></p><p><blockquote><html><head></head><body><b>总结</b></body></html></blockquote></p><p><ul><li>The EV market is getting ever more competitive. Owning strong brands or tech will be important for companies to differentiate themselves from others.</li><li>Both NIO and LCID have strong brands and great tech, which allow them to demand high ASPs.</li><li>NIO seems like the lower-risk choice among these two, and due to being a lot farther along from a production ramp perspective, it is, I believe, the better choice today.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0fe01e445aec1bb67f1b8d810f551603\" tg-width=\"1536\" tg-height=\"1025\" referrerpolicy=\"no-referrer\"/><span>Trygve Finkelsen/iStock Editorial via Getty Images</span></p><p><blockquote><ul><li>电动汽车市场竞争日益激烈。拥有强大的品牌或技术对于公司脱颖而出非常重要。</li><li>蔚来和LCID都拥有强大的品牌和出色的技术,这使他们能够要求高平均售价。</li><li>蔚来似乎是这两者中风险较低的选择,而且由于从生产斜坡的角度来看要远得多,我相信它是今天更好的选择。</li></ul><p class=\"t-img-caption\"><span>Trygve Finkelsen/iStock 社论来自 Getty Images</span></p></blockquote></p><p><b>Article Thesis</b></p><p><blockquote><b>文章论文</b></blockquote></p><p>The EV space has brought up many companies that do not seem too viable in the long run, but there are also strong contenders apart from Tesla (TSLA). In this report, we'll pit Lucid Group, Inc. (LCID) and NIO Inc. (NIO) against each other - two of the most interesting EV players that combine strong brands and high-end technological capabilities. In this report, we'll take a deeper dive into the tech and product side and will look at individual risks for both companies. Overall, I do believe that NIO is the more attractive choice among these two at current prices.</p><p><blockquote>电动汽车领域催生了许多从长远来看似乎不太可行的公司,但除了特斯拉 (TSLA) 之外,还有强有力的竞争者。在本报告中,我们将 Lucid Group, Inc. (LCID) 和蔚来(蔚来)进行比较——这两家最有趣的电动汽车公司结合了强大的品牌和高端技术能力。在本报告中,我们将更深入地探讨技术和产品方面,并研究两家公司的个别风险。总的来说,我确实相信以目前的价格来看,蔚来是这两者中更具吸引力的选择。</blockquote></p><p><b>Lucid And NIO In The EV Market</b></p><p><blockquote><b>电动汽车市场的 Lucid 和蔚来</b></blockquote></p><p>The global EV market has been growing rapidly, with EV sales likely coming in a little north of six million, which is roughly twice as high as during the previous year. Clearly, EVs are a huge growth sector in the global automobile market, although it should be noted that most vehicles sold around the world are still powered by internal combustion engines. Over the years, EV market share should continue to climb rapidly, but it is not looking like EVs will dominate ICE vehicles any time soon.</p><p><blockquote>全球电动汽车市场一直在快速增长,电动汽车销量可能略高于 600 万辆,大约是上一年的两倍。显然,电动汽车是全球汽车市场的一个巨大增长领域,尽管应该指出的是,世界各地销售的大多数车辆仍然由内燃机驱动。多年来,电动汽车市场份额应该会继续快速攀升,但电动汽车似乎不会很快主导内燃机车辆。</blockquote></p><p>The market leaders in the EV space are Tesla and BYD (OTCPK:BYDDY), and, depending on how one counts plug-in hybrids, Volkswagen (OTCPK:VWAGY). NIO Inc. and Lucid Group, Inc. are not among the largest companies for now. NIO is selling around 11,000 vehicles a month right now, which translates into a ~130,000 annual sales pace. Sales have been growing quickly, however, which is why NIO will most likely sell more than 130,000 vehicles next year, as deliveries should continue to climb sequentially. Lucid is way smaller for now, in terms of deliveries, as the company has likely sold a couple of hundred vehicles this year. Next year, Lucid Group targets deliveries of around 20,000 vehicles - up by a lot versus 2021, but still a relatively small number compared to the deliveries NIO and many other peers will hit next year.</p><p><blockquote>电动汽车领域的市场领导者是特斯拉和比亚迪(OTCPK:BYDDY),以及大众汽车(OTCPK:VWAGY),这取决于人们如何计算插电式混合动力车。蔚来和 Lucid Group, Inc. 目前还不是最大的公司。蔚来目前每月销售约 11,000 辆汽车,这意味着年销量约为 130,000 辆。然而,销量一直在快速增长,这就是为什么蔚来明年的销量很可能超过 130,000 辆,因为交付量应该会继续环比攀升。就交付量而言,Lucid 目前规模要小得多,因为该公司今年可能已经售出了几百辆汽车。明年,Lucid Group 的目标是交付约 20,000 辆汽车,比 2021 年增加了很多,但与蔚来和许多其他同行明年的交付量相比,这个数字仍然相对较小。</blockquote></p><p><b>LCID Vs. NIO's Past Quarterly Performance</b></p><p><blockquote><b>LCID 与蔚来过去季度业绩</b></blockquote></p><p>As noted above, NIO's sales performance was way stronger than that of Lucid over the last three months, but that was hardly a surprise as LCID just began delivering vehicles to customers. On a share price basis, however, Lucid fared better:</p><p><blockquote>如上所述,蔚来汽车过去三个月的销售业绩远远强于 Lucid,但这并不奇怪,因为 LCID 刚刚开始向客户交付车辆。然而,就股价而言,Lucid 的表现更好:</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a7a6e7cb1b1485f32cc25ade9f387a5b\" tg-width=\"635\" tg-height=\"433\" referrerpolicy=\"no-referrer\"/><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据由YCharts提供</span></p></blockquote></p><p>Over the last three months, LCID is up close to 50%, whereas NIO saw its shares drop by close to 20% over the same time frame. In NIO's case, macro worries about Chinese regulation played a role, whereas LCID benefitted a lot from growing enthusiasm for US-based EV players caused by Rivian's (RIVN) huge IPO success. On top of that, the start of deliveries also attracted new investors to Lucid's stock. If analysts are correct, NIO is the much better value today:</p><p><blockquote>过去三个月,LCID 上涨了近 50%,而蔚来的股价同期下跌了近 20%。就蔚来汽车而言,对中国监管的宏观担忧发挥了作用,而 LCID 则从 Rivian (RIVN) 的巨大成功 IPO 带来的对美国电动汽车企业日益增长的热情中受益匪浅。最重要的是,交付的开始也吸引了新投资者关注 Lucid 的股票。如果分析师是正确的,那么蔚来如今的价值要好得多:</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0b1d0939d657b284e25d8447ccb211b5\" tg-width=\"635\" tg-height=\"481\" referrerpolicy=\"no-referrer\"/><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据由YCharts提供</span></p></blockquote></p><p>Shares are trading at less than half the consensus price target, which implies 100%+ upside over the next year, whereas LCID is trading almost perfectly in line with the current consensus price target - which implies no upside over the next year. NIO's underperformance over the last quarter thus seems to position the company well for a strong performance from the current level, whereas the same can't be said about Lucid.</p><p><blockquote>股价交易价格不到共识目标价的一半,这意味着明年有 100% 以上的上涨空间,而 LCID 的交易价格几乎完全符合当前共识目标价,这意味着明年没有上涨空间。因此,蔚来汽车上一季度的表现不佳似乎为该公司在当前水平上的强劲表现奠定了良好的基础,而 Lucid 则不然。</blockquote></p><p><b>Lucid Vs. NIO Key Metrics</b></p><p><blockquote><b>Lucid 与蔚来关键指标</b></blockquote></p><p></p><p>Let's take a deeper look at the tech of the two companies, as well as at their branding, and their specific key risks. Both NIO and Lucid are active in the high-end segment of the EV industry, selling vehicles with ASPs well north of the average Tesla. NIO's ASP is around $70,000, and Lucid's ASP is even higher than that for now, as the company is selling the most expensive Air<i>Dream</i>version first. Tesla, the current EV leader, has an ASP of around $50,000. Both NIO and Tesla are thus operating in a more luxurious, higher-end segment of the market compared to Tesla. How are these companies able to demand way higher ASPs than Tesla? There are several factors at play, including branding, but one of the most important factors is their great tech.</p><p><blockquote>让我们更深入地了解一下这两家公司的技术,以及它们的品牌,以及它们具体的主要风险。蔚来和 Lucid 都活跃于电动汽车行业的高端领域,销售的汽车平均售价远高于特斯拉平均水平。蔚来汽车的平均售价约为 70,000 美元,而 Lucid 的平均售价目前甚至更高,因为该公司正在销售最昂贵的 Air<i>梦想</i>版本优先。目前的电动汽车领导者特斯拉的平均售价约为 50,000 美元。因此,与特斯拉相比,蔚来和特斯拉都在更豪华、更高端的细分市场运营。这些公司如何能够要求比特斯拉高得多的平均售价?有几个因素在起作用,包括品牌,但最重要的因素之一是他们出色的技术。</blockquote></p><p>NIO's battery-swapping technology, for example, allows its customers to fully "recharge" in a couple of minutes, while most other EVs take way longer to fully charge. Lucid doesn't employ battery-swapping, but its racing-tested 900V technology allows for both a huge range as well as for fast charging speeds - Lucid's architecture allows customers to charge up to 300 miles worth of energy in just 20 minutes. The Tesla S, for reference, uses a ~400V architecture that allows customers to recharge 200 miles in 15 minutes. Clearly, both NIO's solution, as well as Lucid's solution, seem superior compared to what Tesla is offering.</p><p><blockquote>例如,蔚来汽车的电池更换技术可以让客户在几分钟内完全“充电”,而大多数其他电动汽车需要更长的时间才能充满电。Lucid 不采用电池更换,但其经过赛车测试的 900V 技术可以实现巨大的续航里程和快速的充电速度 - Lucid 的架构允许客户在短短 20 分钟内充电长达 300 英里的能量。作为参考,特斯拉 S 采用约 400V 架构,允许客户在 15 分钟内充电 200 英里。显然,蔚来的解决方案和 Lucid 的解决方案似乎都优于特斯拉提供的解决方案。</blockquote></p><p>NIO's and Lucid's tech also looks highly competitive when it comes to their respective batteries. The Lucid Air Dream has an EPA range of 520 miles, which should be sufficient for almost all use cases. NIO has a larger product portfolio compared to Lucid, but when we take a look at its top-end sedan, battery performance looks even better. The NIO ET7, with a 150kWh battery (smaller options are available, too), has a range of up to 1,000km, which equates to around 620 miles of range. Again, both NIO and Lucid perform well compared to Tesla - the flagship S Plaid has an EPA range of 350 miles. Thanks to its experience in developing and supplying racing engines for electric race cars, Lucid crafts an especially efficient engine:</p><p><blockquote>蔚来和 Lucid 的技术在各自的电池方面看起来也极具竞争力。Lucid Air Dream 的 EPA 续航里程为 520 英里,几乎可以满足所有用例。与 Lucid 相比,蔚来拥有更大的产品组合,但当我们查看其高端轿车时,电池性能看起来甚至更好。蔚来 ET7 配备 150kWh 电池(也有更小的选项),续航里程可达 1,000 公里,相当于约 620 英里的续航里程。同样,与特斯拉相比,蔚来和 Lucid 的表现都很好——旗舰 S Plaid 的 EPA 续航里程为 350 英里。凭借其在开发和供应电动赛车赛车发动机方面的经验,Lucid 打造了一款特别高效的发动机:</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/edf92a9709beceb826f2e86b3bc25dd6\" tg-width=\"1502\" tg-height=\"829\" referrerpolicy=\"no-referrer\"/><span>Source: Lucid presentation</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源:Lucid 演示文稿</span></p></blockquote></p><p>A smaller, more efficient engine results in lower resource usage and reduces the weight of the vehicle, all else equal. This does, in turn, lead to a longer range, and it also allows for better handling and driving performance, all else equal. Lucid is by far not the biggest EV player today, but its engineers have developed some of the most compelling products and solutions among all currently active EV players.</p><p><blockquote>在其他条件相同的情况下,更小、更高效的发动机可降低资源使用率并减轻车辆重量。这反过来又会带来更长的续航里程,并且在其他条件相同的情况下,还可以实现更好的操控性和驾驶性能。Lucid 迄今为止还不是当今最大的电动汽车制造商,但其工程师已经开发了一些目前活跃的电动汽车制造商中最引人注目的产品和解决方案。</blockquote></p><p>NIO puts a lot of focus on technologies that will eventually allow for autonomous driving and puts massive numbers of sensors and huge computing power in its vehicles today. The ET7 uses the following sensing units for that goal:</p><p><blockquote>蔚来非常重视最终实现自动驾驶的技术,并在当今的车辆中安装了大量传感器和巨大的计算能力。ET7 为此使用以下传感单元:</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b39530a306d0b27d76d36bccec0e147d\" tg-width=\"640\" tg-height=\"331\" referrerpolicy=\"no-referrer\"/><span>Source: NIO</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源:蔚来</span></p></blockquote></p><p>With 33 sensors that use up to 8MP, NIO's sensing capabilities easily blow away those of Tesla. The Tesla Model 3, which is, according to CEO Musk, ready for full-self-driving, only uses 8 cameras with 1.2MP each. One of NIO's sensors in the ET7 thus has almost as much sensing performance as all of the cameras in the M3 combined - and NIO uses 32 additional sensors in its model. Clearly, NIO's offering is superior - and that obviously comes at a price, as NIO is not skimping when it comes to putting the best tech in its vehicles. This is also showcased by the massive processing power of the chips NIO uses in the ET7. The ET7 uses four NVIDIA (NVDA) Orin SoCs, each of which offers slightly more than 250 trillion operations per second, which makes for combined computing power of more than 1,000 TOPS - unheard of in any production vehicle. Using four SoCs at the same time also provides for the redundancy that is required for critical systems in a self-driving scenario. it should be noted that NIO's self-driving tech is not as excellent on the software side - yet. At least for now, peers such as XPeng (XPEV) seem to employ the stronger algorithms, but that is a problem that NIO can solve over the coming quarters and years, and integrating future software in its vehicles that come with top-notch hardware shouldn't be a very difficult task. Lucid's self-driving tech, even though it doesn't get a lot of recognition yet, is not looking bad at all, either. The DreamDrive suite utilizes 32 onboard sensors, almost on par with NIO's Aquila system (and 4x more sensors compared to the M3, which is allegedly L5 ready from a hardware perspective).</p><p><blockquote>蔚来拥有 33 个传感器,使用高达 8MP,其传感能力轻松超越特斯拉。据首席执行官马斯克称,特斯拉 Model 3 已准备好实现全自动驾驶,但仅使用 8 个摄像头,每个摄像头为 120 万像素。因此,蔚来 ET7 中的一个传感器的传感性能几乎相当于 M3 中所有摄像头的总和,而蔚来在其车型中额外使用了 32 个传感器。显然,蔚来的产品是卓越的——这显然是有代价的,因为蔚来在将最好的技术融入其车辆方面并不吝啬。蔚来在ET7中使用的芯片的巨大处理能力也证明了这一点。ET7 使用四个 NVIDIA (NVDA) Orin SoC,每个 SoC 每秒可提供略高于 250 万亿次的操作,这使得综合计算能力超过 1,000 TOPS,这在任何量产车辆中都是闻所未闻的。同时使用四个SoC还提供了自动驾驶场景中关键系统所需的冗余。需要注意的是,蔚来的自动驾驶技术在软件方面还没有那么出色。至少目前,小鹏汽车(XPEV)等同行似乎采用了更强大的算法,但这是蔚来可以在未来几个季度和几年内解决的问题,将未来软件集成到配备顶级硬件的车辆中应该不是一项非常困难的任务。Lucid 的自动驾驶技术尽管尚未得到太多认可,但看起来也一点也不差。DreamDrive套件使用32个车载传感器,几乎与蔚来的Aquila系统相当(与M3相比,M3的传感器多4倍,据称从硬件角度来看,M3是L5就绪)。</blockquote></p><p></p><p>Strong tech alone doesn't make for an attractive vehicle, however, as design, manufacturing quality, etc. have to be considered as well. Luckily, both NIO and Lucid compete very well on that basis, although the data on Lucid is still limited due to the low sales numbers - not too many people have driven a Lucid Air yet, thus data about reliability, etc. is limited. NIO, however, has been selling thousands of vehicles a month for quite some time, and its users are very satisfied with the vehicles' quality. CnTechPost reports that J.D. Power has rated NIO the highest-quality EV company in China, ahead of Tesla. Lucid is not active in the country yet, but test drives by a wide range of auto journalists and magazines have generally resulted in very positive reviews. Both NIO and Lucid thus look strong from a design, quality, and tech perspective, with NIO putting more focus on customer-friendly items such as battery-swapping and driving assistance, whereas Lucid puts more focus on engine performance, battery tech, etc. Both avenues have their advantages, but I personally could see NIO benefit more from its easy-to-use, customer-friendly approach, as not too many people will buy an EV based on criteria such as the battery architecture. Still, Lucid's ability to develop high-performing vehicles should come in very handy in the highly competitive EV industry going forward.</p><p><blockquote>然而,仅仅强大的技术并不能造就一辆有吸引力的汽车,就像设计、制造质量等一样。也必须考虑。幸运的是,蔚来和 Lucid 在此基础上竞争得非常好,尽管由于销售数字较低,Lucid 的数据仍然有限——还没有太多人驾驶过 Lucid Air,因此有关可靠性等的数据有限。然而,蔚来已经有一段时间每月销售数千辆汽车,其用户对车辆的质量非常满意。CnTechPost 报道称,J.D。Power 将蔚来评为中国质量最高的电动汽车公司,领先于特斯拉。Lucid 尚未在该国活跃,但众多汽车记者和杂志的试驾普遍获得了非常积极的评价。因此,从设计、质量和技术的角度来看,蔚来和 Lucid 看起来都很强大,蔚来更注重电池更换和驾驶辅助等客户友好型项目,而 Lucid 则更注重发动机性能、电池技术等。这两种途径都有各自的优势,但我个人认为蔚来将从其易于使用、客户友好的方法中受益更多,因为不会有太多人会根据电池架构等标准购买电动汽车。尽管如此,Lucid 开发高性能汽车的能力在未来竞争激烈的电动汽车行业中应该会非常有用。</blockquote></p><p>With NIO, the main risk the market seems to worry about now is regulation/politics. I personally do not believe that regulation will be a huge risk for NIO. Chinese companies never were able to compete successfully in the ICE vehicle space, but with EV technologies bringing change to the entire global automobile industry, China saw its chance to become a global automobile powerhouse. Hurting NIO and other Chinese EV players would run contrary to those goals, which is why I believe that China is more interested in nurturing its own EV players, including NIO, instead of hurting them. Still, the market puts a discount on every Chinese company today, and that holds true for NIO as well - which might be a good thing for those seeking to buy into the company at a below-average valuation.</p><p><blockquote>对于蔚来,市场现在担心的主要风险似乎是监管/政治。我个人不认为监管会对蔚来构成巨大风险。中国公司从未能够在内燃机汽车领域成功竞争,但随着电动汽车技术给整个全球汽车行业带来变革,中国看到了成为全球汽车强国的机会。伤害蔚来和其他中国电动汽车制造商将与这些目标背道而驰,这就是为什么我认为中国更有兴趣培养自己的电动汽车制造商,包括蔚来,而不是伤害他们。尽管如此,如今市场对每家中国公司都打折,蔚来也是如此——这对于那些寻求以低于平均水平的估值买入该公司的人来说可能是一件好事。</blockquote></p><p>For Lucid, regulation doesn't seem like an important risk. Instead, the main risks here are the high valuation and the production ramp. As Tesla has shown, ramping up vehicle production is no easy task. The company oftentimes had to battle with delays and other issues, sometimes summarized as "Production Hell". The same could hold true for Lucid, which will have to ramp up production at a high speed in the coming months and quarters in order to meet its ambitious production goals. It's not a certainty that it will experience similar issues to other manufacturers, of course, but due to a lack of experience, this seems a considerable risk worth keeping an eye on. On top of that, LCID's high valuation could be a considerable risk - shares trade at around 30x next year's expected revenue, and there is no guarantee at all that those revenues will actually be generated.</p><p><blockquote>对于 Lucid 来说,监管似乎并不是一个重要的风险。相反,这里的主要风险是高估值和产量增加。正如特斯拉所表明的那样,提高汽车产量并非易事。该公司经常不得不与延误和其他问题作斗争,有时被总结为“生产地狱”。Lucid 的情况也是如此,该公司必须在未来几个月和几个季度内高速提高产量,以实现其雄心勃勃的生产目标。当然,不能确定它会遇到与其他制造商类似的问题,但由于缺乏经验,这似乎是一个值得关注的相当大的风险。最重要的是,LCID 的高估值可能是一个相当大的风险——股票交易价格约为明年预期收入的 30 倍,而且根本无法保证这些收入真的会产生。</blockquote></p><p><b>Is Lucid Or NIO Stock The Better Buy?</b></p><p><blockquote><b>Lucid 还是蔚来股票更好买?</b></blockquote></p><p>Both NIO and Lucid have attractive products that seem highly competitive in the EV market that is seeing more and more entrants. I do believe that both companies will have operational success over the coming years, driven by strong tech, attractive brands, and compelling product quality. Operational growth does not necessarily result in share price growth, however, as valuations can be a major hurdle when one buys at a price that is too high.</p><p><blockquote>蔚来和 Lucid 都拥有有吸引力的产品,在越来越多的进入者的电动汽车市场中似乎具有高度竞争力。我确实相信,在强大的技术、有吸引力的品牌和引人注目的产品质量的推动下,两家公司将在未来几年取得运营成功。然而,运营增长并不一定会导致股价增长,因为当一个人以过高的价格购买时,估值可能是一个主要障碍。</blockquote></p><p>In NIO's case, that does not seem like an overly large risk, as shares are inexpensive relative to how other EV players are valued - NIO trades at ~4x next year's expected revenue, which represents a clear discount compared to LCID, RIVN, TSLA, and so on. Lucid, on the other hand, is trading at a very premium valuation of 30x next year's sales.</p><p><blockquote>就蔚来汽车而言,这似乎并不是一个太大的风险,因为相对于其他电动汽车公司的估值,股价并不昂贵——蔚来的交易价格约为明年预期收入的 4 倍,与 LCID、RIVN、TSLA 相比明显折扣等等。另一方面,Lucid 的估值非常高,是明年销售额的 30 倍。</blockquote></p><p>I do believe that, based on its larger size, more established operations, better progress in ramping production, and due to its much more reasonable valuation, NIO is the better pick among these two today.The recent share price decline makes for an attractive entry point for those interested in owning this top-notch Chinese EV player.</p><p><blockquote>我确实相信,基于其更大的规模、更成熟的业务、更好的增产进展以及更合理的估值,蔚来是当今这两者中更好的选择。最近的股价下跌对于那些有兴趣拥有这家顶级中国电动汽车公司的人来说是一个有吸引力的切入点。</blockquote></p><p></body></html></p><p><blockquote></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Lucid Vs. NIO Stock: Which EV Stock Is The Better Buy?<blockquote>Lucid 与蔚来股票:哪只电动汽车股票更值得购买?</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\">\nLucid Vs. NIO Stock: Which EV Stock Is The Better Buy?<blockquote>Lucid 与蔚来股票:哪只电动汽车股票更值得购买?</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Seeking Alpha</strong><span class=\"h-time small\">2021-12-30 23:34</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body><b>Summary</b></p><p><blockquote><html><head></head><body><b>总结</b></body></html></blockquote></p><p><ul><li>The EV market is getting ever more competitive. Owning strong brands or tech will be important for companies to differentiate themselves from others.</li><li>Both NIO and LCID have strong brands and great tech, which allow them to demand high ASPs.</li><li>NIO seems like the lower-risk choice among these two, and due to being a lot farther along from a production ramp perspective, it is, I believe, the better choice today.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0fe01e445aec1bb67f1b8d810f551603\" tg-width=\"1536\" tg-height=\"1025\" referrerpolicy=\"no-referrer\"/><span>Trygve Finkelsen/iStock Editorial via Getty Images</span></p><p><blockquote><ul><li>电动汽车市场竞争日益激烈。拥有强大的品牌或技术对于公司脱颖而出非常重要。</li><li>蔚来和LCID都拥有强大的品牌和出色的技术,这使他们能够要求高平均售价。</li><li>蔚来似乎是这两者中风险较低的选择,而且由于从生产斜坡的角度来看要远得多,我相信它是今天更好的选择。</li></ul><p class=\"t-img-caption\"><span>Trygve Finkelsen/iStock 社论来自 Getty Images</span></p></blockquote></p><p><b>Article Thesis</b></p><p><blockquote><b>文章论文</b></blockquote></p><p>The EV space has brought up many companies that do not seem too viable in the long run, but there are also strong contenders apart from Tesla (TSLA). In this report, we'll pit Lucid Group, Inc. (LCID) and NIO Inc. (NIO) against each other - two of the most interesting EV players that combine strong brands and high-end technological capabilities. In this report, we'll take a deeper dive into the tech and product side and will look at individual risks for both companies. Overall, I do believe that NIO is the more attractive choice among these two at current prices.</p><p><blockquote>电动汽车领域催生了许多从长远来看似乎不太可行的公司,但除了特斯拉 (TSLA) 之外,还有强有力的竞争者。在本报告中,我们将 Lucid Group, Inc. (LCID) 和蔚来(蔚来)进行比较——这两家最有趣的电动汽车公司结合了强大的品牌和高端技术能力。在本报告中,我们将更深入地探讨技术和产品方面,并研究两家公司的个别风险。总的来说,我确实相信以目前的价格来看,蔚来是这两者中更具吸引力的选择。</blockquote></p><p><b>Lucid And NIO In The EV Market</b></p><p><blockquote><b>电动汽车市场的 Lucid 和蔚来</b></blockquote></p><p>The global EV market has been growing rapidly, with EV sales likely coming in a little north of six million, which is roughly twice as high as during the previous year. Clearly, EVs are a huge growth sector in the global automobile market, although it should be noted that most vehicles sold around the world are still powered by internal combustion engines. Over the years, EV market share should continue to climb rapidly, but it is not looking like EVs will dominate ICE vehicles any time soon.</p><p><blockquote>全球电动汽车市场一直在快速增长,电动汽车销量可能略高于 600 万辆,大约是上一年的两倍。显然,电动汽车是全球汽车市场的一个巨大增长领域,尽管应该指出的是,世界各地销售的大多数车辆仍然由内燃机驱动。多年来,电动汽车市场份额应该会继续快速攀升,但电动汽车似乎不会很快主导内燃机车辆。</blockquote></p><p>The market leaders in the EV space are Tesla and BYD (OTCPK:BYDDY), and, depending on how one counts plug-in hybrids, Volkswagen (OTCPK:VWAGY). NIO Inc. and Lucid Group, Inc. are not among the largest companies for now. NIO is selling around 11,000 vehicles a month right now, which translates into a ~130,000 annual sales pace. Sales have been growing quickly, however, which is why NIO will most likely sell more than 130,000 vehicles next year, as deliveries should continue to climb sequentially. Lucid is way smaller for now, in terms of deliveries, as the company has likely sold a couple of hundred vehicles this year. Next year, Lucid Group targets deliveries of around 20,000 vehicles - up by a lot versus 2021, but still a relatively small number compared to the deliveries NIO and many other peers will hit next year.</p><p><blockquote>电动汽车领域的市场领导者是特斯拉和比亚迪(OTCPK:BYDDY),以及大众汽车(OTCPK:VWAGY),这取决于人们如何计算插电式混合动力车。蔚来和 Lucid Group, Inc. 目前还不是最大的公司。蔚来目前每月销售约 11,000 辆汽车,这意味着年销量约为 130,000 辆。然而,销量一直在快速增长,这就是为什么蔚来明年的销量很可能超过 130,000 辆,因为交付量应该会继续环比攀升。就交付量而言,Lucid 目前规模要小得多,因为该公司今年可能已经售出了几百辆汽车。明年,Lucid Group 的目标是交付约 20,000 辆汽车,比 2021 年增加了很多,但与蔚来和许多其他同行明年的交付量相比,这个数字仍然相对较小。</blockquote></p><p><b>LCID Vs. NIO's Past Quarterly Performance</b></p><p><blockquote><b>LCID 与蔚来过去季度业绩</b></blockquote></p><p>As noted above, NIO's sales performance was way stronger than that of Lucid over the last three months, but that was hardly a surprise as LCID just began delivering vehicles to customers. On a share price basis, however, Lucid fared better:</p><p><blockquote>如上所述,蔚来汽车过去三个月的销售业绩远远强于 Lucid,但这并不奇怪,因为 LCID 刚刚开始向客户交付车辆。然而,就股价而言,Lucid 的表现更好:</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a7a6e7cb1b1485f32cc25ade9f387a5b\" tg-width=\"635\" tg-height=\"433\" referrerpolicy=\"no-referrer\"/><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据由YCharts提供</span></p></blockquote></p><p>Over the last three months, LCID is up close to 50%, whereas NIO saw its shares drop by close to 20% over the same time frame. In NIO's case, macro worries about Chinese regulation played a role, whereas LCID benefitted a lot from growing enthusiasm for US-based EV players caused by Rivian's (RIVN) huge IPO success. On top of that, the start of deliveries also attracted new investors to Lucid's stock. If analysts are correct, NIO is the much better value today:</p><p><blockquote>过去三个月,LCID 上涨了近 50%,而蔚来的股价同期下跌了近 20%。就蔚来汽车而言,对中国监管的宏观担忧发挥了作用,而 LCID 则从 Rivian (RIVN) 的巨大成功 IPO 带来的对美国电动汽车企业日益增长的热情中受益匪浅。最重要的是,交付的开始也吸引了新投资者关注 Lucid 的股票。如果分析师是正确的,那么蔚来如今的价值要好得多:</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0b1d0939d657b284e25d8447ccb211b5\" tg-width=\"635\" tg-height=\"481\" referrerpolicy=\"no-referrer\"/><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据由YCharts提供</span></p></blockquote></p><p>Shares are trading at less than half the consensus price target, which implies 100%+ upside over the next year, whereas LCID is trading almost perfectly in line with the current consensus price target - which implies no upside over the next year. NIO's underperformance over the last quarter thus seems to position the company well for a strong performance from the current level, whereas the same can't be said about Lucid.</p><p><blockquote>股价交易价格不到共识目标价的一半,这意味着明年有 100% 以上的上涨空间,而 LCID 的交易价格几乎完全符合当前共识目标价,这意味着明年没有上涨空间。因此,蔚来汽车上一季度的表现不佳似乎为该公司在当前水平上的强劲表现奠定了良好的基础,而 Lucid 则不然。</blockquote></p><p><b>Lucid Vs. NIO Key Metrics</b></p><p><blockquote><b>Lucid 与蔚来关键指标</b></blockquote></p><p></p><p>Let's take a deeper look at the tech of the two companies, as well as at their branding, and their specific key risks. Both NIO and Lucid are active in the high-end segment of the EV industry, selling vehicles with ASPs well north of the average Tesla. NIO's ASP is around $70,000, and Lucid's ASP is even higher than that for now, as the company is selling the most expensive Air<i>Dream</i>version first. Tesla, the current EV leader, has an ASP of around $50,000. Both NIO and Tesla are thus operating in a more luxurious, higher-end segment of the market compared to Tesla. How are these companies able to demand way higher ASPs than Tesla? There are several factors at play, including branding, but one of the most important factors is their great tech.</p><p><blockquote>让我们更深入地了解一下这两家公司的技术,以及它们的品牌,以及它们具体的主要风险。蔚来和 Lucid 都活跃于电动汽车行业的高端领域,销售的汽车平均售价远高于特斯拉平均水平。蔚来汽车的平均售价约为 70,000 美元,而 Lucid 的平均售价目前甚至更高,因为该公司正在销售最昂贵的 Air<i>梦想</i>版本优先。目前的电动汽车领导者特斯拉的平均售价约为 50,000 美元。因此,与特斯拉相比,蔚来和特斯拉都在更豪华、更高端的细分市场运营。这些公司如何能够要求比特斯拉高得多的平均售价?有几个因素在起作用,包括品牌,但最重要的因素之一是他们出色的技术。</blockquote></p><p>NIO's battery-swapping technology, for example, allows its customers to fully "recharge" in a couple of minutes, while most other EVs take way longer to fully charge. Lucid doesn't employ battery-swapping, but its racing-tested 900V technology allows for both a huge range as well as for fast charging speeds - Lucid's architecture allows customers to charge up to 300 miles worth of energy in just 20 minutes. The Tesla S, for reference, uses a ~400V architecture that allows customers to recharge 200 miles in 15 minutes. Clearly, both NIO's solution, as well as Lucid's solution, seem superior compared to what Tesla is offering.</p><p><blockquote>例如,蔚来汽车的电池更换技术可以让客户在几分钟内完全“充电”,而大多数其他电动汽车需要更长的时间才能充满电。Lucid 不采用电池更换,但其经过赛车测试的 900V 技术可以实现巨大的续航里程和快速的充电速度 - Lucid 的架构允许客户在短短 20 分钟内充电长达 300 英里的能量。作为参考,特斯拉 S 采用约 400V 架构,允许客户在 15 分钟内充电 200 英里。显然,蔚来的解决方案和 Lucid 的解决方案似乎都优于特斯拉提供的解决方案。</blockquote></p><p>NIO's and Lucid's tech also looks highly competitive when it comes to their respective batteries. The Lucid Air Dream has an EPA range of 520 miles, which should be sufficient for almost all use cases. NIO has a larger product portfolio compared to Lucid, but when we take a look at its top-end sedan, battery performance looks even better. The NIO ET7, with a 150kWh battery (smaller options are available, too), has a range of up to 1,000km, which equates to around 620 miles of range. Again, both NIO and Lucid perform well compared to Tesla - the flagship S Plaid has an EPA range of 350 miles. Thanks to its experience in developing and supplying racing engines for electric race cars, Lucid crafts an especially efficient engine:</p><p><blockquote>蔚来和 Lucid 的技术在各自的电池方面看起来也极具竞争力。Lucid Air Dream 的 EPA 续航里程为 520 英里,几乎可以满足所有用例。与 Lucid 相比,蔚来拥有更大的产品组合,但当我们查看其高端轿车时,电池性能看起来甚至更好。蔚来 ET7 配备 150kWh 电池(也有更小的选项),续航里程可达 1,000 公里,相当于约 620 英里的续航里程。同样,与特斯拉相比,蔚来和 Lucid 的表现都很好——旗舰 S Plaid 的 EPA 续航里程为 350 英里。凭借其在开发和供应电动赛车赛车发动机方面的经验,Lucid 打造了一款特别高效的发动机:</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/edf92a9709beceb826f2e86b3bc25dd6\" tg-width=\"1502\" tg-height=\"829\" referrerpolicy=\"no-referrer\"/><span>Source: Lucid presentation</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源:Lucid 演示文稿</span></p></blockquote></p><p>A smaller, more efficient engine results in lower resource usage and reduces the weight of the vehicle, all else equal. This does, in turn, lead to a longer range, and it also allows for better handling and driving performance, all else equal. Lucid is by far not the biggest EV player today, but its engineers have developed some of the most compelling products and solutions among all currently active EV players.</p><p><blockquote>在其他条件相同的情况下,更小、更高效的发动机可降低资源使用率并减轻车辆重量。这反过来又会带来更长的续航里程,并且在其他条件相同的情况下,还可以实现更好的操控性和驾驶性能。Lucid 迄今为止还不是当今最大的电动汽车制造商,但其工程师已经开发了一些目前活跃的电动汽车制造商中最引人注目的产品和解决方案。</blockquote></p><p>NIO puts a lot of focus on technologies that will eventually allow for autonomous driving and puts massive numbers of sensors and huge computing power in its vehicles today. The ET7 uses the following sensing units for that goal:</p><p><blockquote>蔚来非常重视最终实现自动驾驶的技术,并在当今的车辆中安装了大量传感器和巨大的计算能力。ET7 为此使用以下传感单元:</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b39530a306d0b27d76d36bccec0e147d\" tg-width=\"640\" tg-height=\"331\" referrerpolicy=\"no-referrer\"/><span>Source: NIO</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源:蔚来</span></p></blockquote></p><p>With 33 sensors that use up to 8MP, NIO's sensing capabilities easily blow away those of Tesla. The Tesla Model 3, which is, according to CEO Musk, ready for full-self-driving, only uses 8 cameras with 1.2MP each. One of NIO's sensors in the ET7 thus has almost as much sensing performance as all of the cameras in the M3 combined - and NIO uses 32 additional sensors in its model. Clearly, NIO's offering is superior - and that obviously comes at a price, as NIO is not skimping when it comes to putting the best tech in its vehicles. This is also showcased by the massive processing power of the chips NIO uses in the ET7. The ET7 uses four NVIDIA (NVDA) Orin SoCs, each of which offers slightly more than 250 trillion operations per second, which makes for combined computing power of more than 1,000 TOPS - unheard of in any production vehicle. Using four SoCs at the same time also provides for the redundancy that is required for critical systems in a self-driving scenario. it should be noted that NIO's self-driving tech is not as excellent on the software side - yet. At least for now, peers such as XPeng (XPEV) seem to employ the stronger algorithms, but that is a problem that NIO can solve over the coming quarters and years, and integrating future software in its vehicles that come with top-notch hardware shouldn't be a very difficult task. Lucid's self-driving tech, even though it doesn't get a lot of recognition yet, is not looking bad at all, either. The DreamDrive suite utilizes 32 onboard sensors, almost on par with NIO's Aquila system (and 4x more sensors compared to the M3, which is allegedly L5 ready from a hardware perspective).</p><p><blockquote>蔚来拥有 33 个传感器,使用高达 8MP,其传感能力轻松超越特斯拉。据首席执行官马斯克称,特斯拉 Model 3 已准备好实现全自动驾驶,但仅使用 8 个摄像头,每个摄像头为 120 万像素。因此,蔚来 ET7 中的一个传感器的传感性能几乎相当于 M3 中所有摄像头的总和,而蔚来在其车型中额外使用了 32 个传感器。显然,蔚来的产品是卓越的——这显然是有代价的,因为蔚来在将最好的技术融入其车辆方面并不吝啬。蔚来在ET7中使用的芯片的巨大处理能力也证明了这一点。ET7 使用四个 NVIDIA (NVDA) Orin SoC,每个 SoC 每秒可提供略高于 250 万亿次的操作,这使得综合计算能力超过 1,000 TOPS,这在任何量产车辆中都是闻所未闻的。同时使用四个SoC还提供了自动驾驶场景中关键系统所需的冗余。需要注意的是,蔚来的自动驾驶技术在软件方面还没有那么出色。至少目前,小鹏汽车(XPEV)等同行似乎采用了更强大的算法,但这是蔚来可以在未来几个季度和几年内解决的问题,将未来软件集成到配备顶级硬件的车辆中应该不是一项非常困难的任务。Lucid 的自动驾驶技术尽管尚未得到太多认可,但看起来也一点也不差。DreamDrive套件使用32个车载传感器,几乎与蔚来的Aquila系统相当(与M3相比,M3的传感器多4倍,据称从硬件角度来看,M3是L5就绪)。</blockquote></p><p></p><p>Strong tech alone doesn't make for an attractive vehicle, however, as design, manufacturing quality, etc. have to be considered as well. Luckily, both NIO and Lucid compete very well on that basis, although the data on Lucid is still limited due to the low sales numbers - not too many people have driven a Lucid Air yet, thus data about reliability, etc. is limited. NIO, however, has been selling thousands of vehicles a month for quite some time, and its users are very satisfied with the vehicles' quality. CnTechPost reports that J.D. Power has rated NIO the highest-quality EV company in China, ahead of Tesla. Lucid is not active in the country yet, but test drives by a wide range of auto journalists and magazines have generally resulted in very positive reviews. Both NIO and Lucid thus look strong from a design, quality, and tech perspective, with NIO putting more focus on customer-friendly items such as battery-swapping and driving assistance, whereas Lucid puts more focus on engine performance, battery tech, etc. Both avenues have their advantages, but I personally could see NIO benefit more from its easy-to-use, customer-friendly approach, as not too many people will buy an EV based on criteria such as the battery architecture. Still, Lucid's ability to develop high-performing vehicles should come in very handy in the highly competitive EV industry going forward.</p><p><blockquote>然而,仅仅强大的技术并不能造就一辆有吸引力的汽车,就像设计、制造质量等一样。也必须考虑。幸运的是,蔚来和 Lucid 在此基础上竞争得非常好,尽管由于销售数字较低,Lucid 的数据仍然有限——还没有太多人驾驶过 Lucid Air,因此有关可靠性等的数据有限。然而,蔚来已经有一段时间每月销售数千辆汽车,其用户对车辆的质量非常满意。CnTechPost 报道称,J.D。Power 将蔚来评为中国质量最高的电动汽车公司,领先于特斯拉。Lucid 尚未在该国活跃,但众多汽车记者和杂志的试驾普遍获得了非常积极的评价。因此,从设计、质量和技术的角度来看,蔚来和 Lucid 看起来都很强大,蔚来更注重电池更换和驾驶辅助等客户友好型项目,而 Lucid 则更注重发动机性能、电池技术等。这两种途径都有各自的优势,但我个人认为蔚来将从其易于使用、客户友好的方法中受益更多,因为不会有太多人会根据电池架构等标准购买电动汽车。尽管如此,Lucid 开发高性能汽车的能力在未来竞争激烈的电动汽车行业中应该会非常有用。</blockquote></p><p>With NIO, the main risk the market seems to worry about now is regulation/politics. I personally do not believe that regulation will be a huge risk for NIO. Chinese companies never were able to compete successfully in the ICE vehicle space, but with EV technologies bringing change to the entire global automobile industry, China saw its chance to become a global automobile powerhouse. Hurting NIO and other Chinese EV players would run contrary to those goals, which is why I believe that China is more interested in nurturing its own EV players, including NIO, instead of hurting them. Still, the market puts a discount on every Chinese company today, and that holds true for NIO as well - which might be a good thing for those seeking to buy into the company at a below-average valuation.</p><p><blockquote>对于蔚来,市场现在担心的主要风险似乎是监管/政治。我个人不认为监管会对蔚来构成巨大风险。中国公司从未能够在内燃机汽车领域成功竞争,但随着电动汽车技术给整个全球汽车行业带来变革,中国看到了成为全球汽车强国的机会。伤害蔚来和其他中国电动汽车制造商将与这些目标背道而驰,这就是为什么我认为中国更有兴趣培养自己的电动汽车制造商,包括蔚来,而不是伤害他们。尽管如此,如今市场对每家中国公司都打折,蔚来也是如此——这对于那些寻求以低于平均水平的估值买入该公司的人来说可能是一件好事。</blockquote></p><p>For Lucid, regulation doesn't seem like an important risk. Instead, the main risks here are the high valuation and the production ramp. As Tesla has shown, ramping up vehicle production is no easy task. The company oftentimes had to battle with delays and other issues, sometimes summarized as "Production Hell". The same could hold true for Lucid, which will have to ramp up production at a high speed in the coming months and quarters in order to meet its ambitious production goals. It's not a certainty that it will experience similar issues to other manufacturers, of course, but due to a lack of experience, this seems a considerable risk worth keeping an eye on. On top of that, LCID's high valuation could be a considerable risk - shares trade at around 30x next year's expected revenue, and there is no guarantee at all that those revenues will actually be generated.</p><p><blockquote>对于 Lucid 来说,监管似乎并不是一个重要的风险。相反,这里的主要风险是高估值和产量增加。正如特斯拉所表明的那样,提高汽车产量并非易事。该公司经常不得不与延误和其他问题作斗争,有时被总结为“生产地狱”。Lucid 的情况也是如此,该公司必须在未来几个月和几个季度内高速提高产量,以实现其雄心勃勃的生产目标。当然,不能确定它会遇到与其他制造商类似的问题,但由于缺乏经验,这似乎是一个值得关注的相当大的风险。最重要的是,LCID 的高估值可能是一个相当大的风险——股票交易价格约为明年预期收入的 30 倍,而且根本无法保证这些收入真的会产生。</blockquote></p><p><b>Is Lucid Or NIO Stock The Better Buy?</b></p><p><blockquote><b>Lucid 还是蔚来股票更好买?</b></blockquote></p><p>Both NIO and Lucid have attractive products that seem highly competitive in the EV market that is seeing more and more entrants. I do believe that both companies will have operational success over the coming years, driven by strong tech, attractive brands, and compelling product quality. Operational growth does not necessarily result in share price growth, however, as valuations can be a major hurdle when one buys at a price that is too high.</p><p><blockquote>蔚来和 Lucid 都拥有有吸引力的产品,在越来越多的进入者的电动汽车市场中似乎具有高度竞争力。我确实相信,在强大的技术、有吸引力的品牌和引人注目的产品质量的推动下,两家公司将在未来几年取得运营成功。然而,运营增长并不一定会导致股价增长,因为当一个人以过高的价格购买时,估值可能是一个主要障碍。</blockquote></p><p>In NIO's case, that does not seem like an overly large risk, as shares are inexpensive relative to how other EV players are valued - NIO trades at ~4x next year's expected revenue, which represents a clear discount compared to LCID, RIVN, TSLA, and so on. Lucid, on the other hand, is trading at a very premium valuation of 30x next year's sales.</p><p><blockquote>就蔚来汽车而言,这似乎并不是一个太大的风险,因为相对于其他电动汽车公司的估值,股价并不昂贵——蔚来的交易价格约为明年预期收入的 4 倍,与 LCID、RIVN、TSLA 相比明显折扣等等。另一方面,Lucid 的估值非常高,是明年销售额的 30 倍。</blockquote></p><p>I do believe that, based on its larger size, more established operations, better progress in ramping production, and due to its much more reasonable valuation, NIO is the better pick among these two today.The recent share price decline makes for an attractive entry point for those interested in owning this top-notch Chinese EV player.</p><p><blockquote>我确实相信,基于其更大的规模、更成熟的业务、更好的增产进展以及更合理的估值,蔚来是当今这两者中更好的选择。最近的股价下跌对于那些有兴趣拥有这家顶级中国电动汽车公司的人来说是一个有吸引力的切入点。</blockquote></p><p></body></html></p><p><blockquote></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://seekingalpha.com/article/4477181-lucid-vs-nio-stock-better-buy\">Seeking Alpha</a></p>\n<p>为提升您的阅读体验,我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LCID":"Lucid Group Inc","NIO":"蔚来"},"source_url":"https://seekingalpha.com/article/4477181-lucid-vs-nio-stock-better-buy","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1139674064","content_text":"SummaryThe EV market is getting ever more competitive. Owning strong brands or tech will be important for companies to differentiate themselves from others.Both NIO and LCID have strong brands and great tech, which allow them to demand high ASPs.NIO seems like the lower-risk choice among these two, and due to being a lot farther along from a production ramp perspective, it is, I believe, the better choice today.Trygve Finkelsen/iStock Editorial via Getty ImagesArticle ThesisThe EV space has brought up many companies that do not seem too viable in the long run, but there are also strong contenders apart from Tesla (TSLA). In this report, we'll pit Lucid Group, Inc. (LCID) and NIO Inc. (NIO) against each other - two of the most interesting EV players that combine strong brands and high-end technological capabilities. In this report, we'll take a deeper dive into the tech and product side and will look at individual risks for both companies. Overall, I do believe that NIO is the more attractive choice among these two at current prices.Lucid And NIO In The EV MarketThe global EV market has been growing rapidly, with EV sales likely coming in a little north of six million, which is roughly twice as high as during the previous year. Clearly, EVs are a huge growth sector in the global automobile market, although it should be noted that most vehicles sold around the world are still powered by internal combustion engines. Over the years, EV market share should continue to climb rapidly, but it is not looking like EVs will dominate ICE vehicles any time soon.The market leaders in the EV space are Tesla and BYD (OTCPK:BYDDY), and, depending on how one counts plug-in hybrids, Volkswagen (OTCPK:VWAGY). NIO Inc. and Lucid Group, Inc. are not among the largest companies for now. NIO is selling around 11,000 vehicles a month right now, which translates into a ~130,000 annual sales pace. Sales have been growing quickly, however, which is why NIO will most likely sell more than 130,000 vehicles next year, as deliveries should continue to climb sequentially. Lucid is way smaller for now, in terms of deliveries, as the company has likely sold a couple of hundred vehicles this year. Next year, Lucid Group targets deliveries of around 20,000 vehicles - up by a lot versus 2021, but still a relatively small number compared to the deliveries NIO and many other peers will hit next year.LCID Vs. NIO's Past Quarterly PerformanceAs noted above, NIO's sales performance was way stronger than that of Lucid over the last three months, but that was hardly a surprise as LCID just began delivering vehicles to customers. On a share price basis, however, Lucid fared better:Data by YChartsOver the last three months, LCID is up close to 50%, whereas NIO saw its shares drop by close to 20% over the same time frame. In NIO's case, macro worries about Chinese regulation played a role, whereas LCID benefitted a lot from growing enthusiasm for US-based EV players caused by Rivian's (RIVN) huge IPO success. On top of that, the start of deliveries also attracted new investors to Lucid's stock. If analysts are correct, NIO is the much better value today:Data by YChartsShares are trading at less than half the consensus price target, which implies 100%+ upside over the next year, whereas LCID is trading almost perfectly in line with the current consensus price target - which implies no upside over the next year. NIO's underperformance over the last quarter thus seems to position the company well for a strong performance from the current level, whereas the same can't be said about Lucid.Lucid Vs. NIO Key MetricsLet's take a deeper look at the tech of the two companies, as well as at their branding, and their specific key risks. Both NIO and Lucid are active in the high-end segment of the EV industry, selling vehicles with ASPs well north of the average Tesla. NIO's ASP is around $70,000, and Lucid's ASP is even higher than that for now, as the company is selling the most expensive AirDreamversion first. Tesla, the current EV leader, has an ASP of around $50,000. Both NIO and Tesla are thus operating in a more luxurious, higher-end segment of the market compared to Tesla. How are these companies able to demand way higher ASPs than Tesla? There are several factors at play, including branding, but one of the most important factors is their great tech.NIO's battery-swapping technology, for example, allows its customers to fully \"recharge\" in a couple of minutes, while most other EVs take way longer to fully charge. Lucid doesn't employ battery-swapping, but its racing-tested 900V technology allows for both a huge range as well as for fast charging speeds - Lucid's architecture allows customers to charge up to 300 miles worth of energy in just 20 minutes. The Tesla S, for reference, uses a ~400V architecture that allows customers to recharge 200 miles in 15 minutes. Clearly, both NIO's solution, as well as Lucid's solution, seem superior compared to what Tesla is offering.NIO's and Lucid's tech also looks highly competitive when it comes to their respective batteries. The Lucid Air Dream has an EPA range of 520 miles, which should be sufficient for almost all use cases. NIO has a larger product portfolio compared to Lucid, but when we take a look at its top-end sedan, battery performance looks even better. The NIO ET7, with a 150kWh battery (smaller options are available, too), has a range of up to 1,000km, which equates to around 620 miles of range. Again, both NIO and Lucid perform well compared to Tesla - the flagship S Plaid has an EPA range of 350 miles. Thanks to its experience in developing and supplying racing engines for electric race cars, Lucid crafts an especially efficient engine:Source: Lucid presentationA smaller, more efficient engine results in lower resource usage and reduces the weight of the vehicle, all else equal. This does, in turn, lead to a longer range, and it also allows for better handling and driving performance, all else equal. Lucid is by far not the biggest EV player today, but its engineers have developed some of the most compelling products and solutions among all currently active EV players.NIO puts a lot of focus on technologies that will eventually allow for autonomous driving and puts massive numbers of sensors and huge computing power in its vehicles today. The ET7 uses the following sensing units for that goal:Source: NIOWith 33 sensors that use up to 8MP, NIO's sensing capabilities easily blow away those of Tesla. The Tesla Model 3, which is, according to CEO Musk, ready for full-self-driving, only uses 8 cameras with 1.2MP each. One of NIO's sensors in the ET7 thus has almost as much sensing performance as all of the cameras in the M3 combined - and NIO uses 32 additional sensors in its model. Clearly, NIO's offering is superior - and that obviously comes at a price, as NIO is not skimping when it comes to putting the best tech in its vehicles. This is also showcased by the massive processing power of the chips NIO uses in the ET7. The ET7 uses four NVIDIA (NVDA) Orin SoCs, each of which offers slightly more than 250 trillion operations per second, which makes for combined computing power of more than 1,000 TOPS - unheard of in any production vehicle. Using four SoCs at the same time also provides for the redundancy that is required for critical systems in a self-driving scenario. it should be noted that NIO's self-driving tech is not as excellent on the software side - yet. At least for now, peers such as XPeng (XPEV) seem to employ the stronger algorithms, but that is a problem that NIO can solve over the coming quarters and years, and integrating future software in its vehicles that come with top-notch hardware shouldn't be a very difficult task. Lucid's self-driving tech, even though it doesn't get a lot of recognition yet, is not looking bad at all, either. The DreamDrive suite utilizes 32 onboard sensors, almost on par with NIO's Aquila system (and 4x more sensors compared to the M3, which is allegedly L5 ready from a hardware perspective).Strong tech alone doesn't make for an attractive vehicle, however, as design, manufacturing quality, etc. have to be considered as well. Luckily, both NIO and Lucid compete very well on that basis, although the data on Lucid is still limited due to the low sales numbers - not too many people have driven a Lucid Air yet, thus data about reliability, etc. is limited. NIO, however, has been selling thousands of vehicles a month for quite some time, and its users are very satisfied with the vehicles' quality. CnTechPost reports that J.D. Power has rated NIO the highest-quality EV company in China, ahead of Tesla. Lucid is not active in the country yet, but test drives by a wide range of auto journalists and magazines have generally resulted in very positive reviews. Both NIO and Lucid thus look strong from a design, quality, and tech perspective, with NIO putting more focus on customer-friendly items such as battery-swapping and driving assistance, whereas Lucid puts more focus on engine performance, battery tech, etc. Both avenues have their advantages, but I personally could see NIO benefit more from its easy-to-use, customer-friendly approach, as not too many people will buy an EV based on criteria such as the battery architecture. Still, Lucid's ability to develop high-performing vehicles should come in very handy in the highly competitive EV industry going forward.With NIO, the main risk the market seems to worry about now is regulation/politics. I personally do not believe that regulation will be a huge risk for NIO. Chinese companies never were able to compete successfully in the ICE vehicle space, but with EV technologies bringing change to the entire global automobile industry, China saw its chance to become a global automobile powerhouse. Hurting NIO and other Chinese EV players would run contrary to those goals, which is why I believe that China is more interested in nurturing its own EV players, including NIO, instead of hurting them. Still, the market puts a discount on every Chinese company today, and that holds true for NIO as well - which might be a good thing for those seeking to buy into the company at a below-average valuation.For Lucid, regulation doesn't seem like an important risk. Instead, the main risks here are the high valuation and the production ramp. As Tesla has shown, ramping up vehicle production is no easy task. The company oftentimes had to battle with delays and other issues, sometimes summarized as \"Production Hell\". The same could hold true for Lucid, which will have to ramp up production at a high speed in the coming months and quarters in order to meet its ambitious production goals. It's not a certainty that it will experience similar issues to other manufacturers, of course, but due to a lack of experience, this seems a considerable risk worth keeping an eye on. On top of that, LCID's high valuation could be a considerable risk - shares trade at around 30x next year's expected revenue, and there is no guarantee at all that those revenues will actually be generated.Is Lucid Or NIO Stock The Better Buy?Both NIO and Lucid have attractive products that seem highly competitive in the EV market that is seeing more and more entrants. I do believe that both companies will have operational success over the coming years, driven by strong tech, attractive brands, and compelling product quality. Operational growth does not necessarily result in share price growth, however, as valuations can be a major hurdle when one buys at a price that is too high.In NIO's case, that does not seem like an overly large risk, as shares are inexpensive relative to how other EV players are valued - NIO trades at ~4x next year's expected revenue, which represents a clear discount compared to LCID, RIVN, TSLA, and so on. Lucid, on the other hand, is trading at a very premium valuation of 30x next year's sales.I do believe that, based on its larger size, more established operations, better progress in ramping production, and due to its much more reasonable valuation, NIO is the better pick among these two today.The recent share price decline makes for an attractive entry point for those interested in owning this top-notch Chinese EV player.","news_type":1,"symbols_score_info":{"LCID":0.9,"NIO":0.9}},"isVote":1,"tweetType":1,"viewCount":3827,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":696582855,"gmtCreate":1640735749275,"gmtModify":1640735749813,"author":{"id":"3572077804076143","authorId":"3572077804076143","name":"Yappy","avatar":"https://static.tigerbbs.com/ab4d89913ade03f15c782b99132ba22f","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572077804076143","idStr":"3572077804076143"},"themes":[],"title":"","htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/696582855","repostId":"2195434713","repostType":4,"isVote":1,"tweetType":1,"viewCount":3276,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":696586779,"gmtCreate":1640735727878,"gmtModify":1640735728409,"author":{"id":"3572077804076143","authorId":"3572077804076143","name":"Yappy","avatar":"https://static.tigerbbs.com/ab4d89913ade03f15c782b99132ba22f","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572077804076143","idStr":"3572077804076143"},"themes":[],"title":"","htmlText":"Like thanks ","listText":"Like thanks ","text":"Like thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/696586779","repostId":"1186633322","repostType":4,"isVote":1,"tweetType":1,"viewCount":3561,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":696124060,"gmtCreate":1640652781800,"gmtModify":1640652812638,"author":{"id":"3572077804076143","authorId":"3572077804076143","name":"Yappy","avatar":"https://static.tigerbbs.com/ab4d89913ade03f15c782b99132ba22f","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572077804076143","idStr":"3572077804076143"},"themes":[],"title":"","htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/696124060","repostId":"1156481741","repostType":4,"repost":{"id":"1156481741","kind":"news","pubTimestamp":1640652473,"share":"https://www.laohunote.com/m/news/1156481741?lang=zh_CN&edition=full","pubTime":"2021-12-28 08:47","market":"us","language":"en","title":"Is Merck Stock A Buy Or Sell After FDA Authorizes Its Covid Pill?<blockquote>FDA 批准其 Covid 药丸后,默克股票是买入还是卖出?</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1156481741","media":"Investors","summary":"The Food and Drug Administration authorized Merck's (MRK) antiviral Covid pill, molnupiravir. But Me","content":"<p>The Food and Drug Administration authorized <b>Merck</b>'s (MRK) antiviral Covid pill, molnupiravir. But Merck stock remains under pressure.</p><p><blockquote>食品药品监督管理局授权<b>默克</b>(MRK)抗病毒Covid药丸,莫努匹拉韦。但默克股票仍面临压力。</blockquote></p><p> The FDA authorized the Ridgeback Biotherapeutics-partnered pill for emergency use when other options aren't available or appropriate.<b>Pfizer</b>(PFE) also gained authorization for its two-pill regimen, Paxlovid. Paxlovid proved more effective in clinical testing. Further, molnupiravir carries a cancer risk and could lead to birth defects in unborn children.</p><p><blockquote>当其他选择不可用或不合适时,FDA授权Ridgeback Biotherapeutics合作的药丸紧急使用。<b>辉瑞</b>(PFE) 还获得了其两种药片疗法 Paxlovid 的授权。Paxlovid在临床试验中被证明更有效。此外,molnupiravir具有癌症风险,并可能导致未出生儿童出生缺陷。</blockquote></p><p> Merck's molnupiravir cut the risk of Covid-related hospitalizations or death by 30% when patients began treatment within five days of symptoms appearing. Paxlovid reduced the same risk by 89% for patients who began treatment within three days of symptom onset.</p><p><blockquote>当患者在症状出现五天内开始治疗时,默克公司的molnupiravir可将与Covid相关的住院或死亡风险降低30%。对于在症状出现三天内开始治疗的患者,Paxlovid将相同的风险降低了89%。</blockquote></p><p> Merck stock is well off highs it achieved in November. Bullishly, the company beat third-quarter expectations and offered an upbeat 2021 outlook that didn't include the potential impact of the antiviral pill. Molnupiravir is also allowed in the U.K. and Japan.</p><p><blockquote>默克股价已远高于 11 月份创下的高点。乐观地,该公司第三季度的业绩超出了预期,并提供了乐观的 2021 年前景,其中不包括抗病毒药物的潜在影响。莫努匹拉韦在英国和日本也是允许的。</blockquote></p><p> Merck expects to produce 10 million courses of molnupiravir this year and at least 20 million in 2022. It has supply agreements in place with more than 30 countries worldwide, including the U.S.</p><p><blockquote>默沙东预计今年将生产1000万个疗程的莫努匹拉韦,2022年将生产至少2000万个疗程。它与包括美国在内的全球30多个国家签订了供应协议。</blockquote></p><p> So, all in all, is Merck stock a buy or a sell right now?</p><p><blockquote>那么,总而言之,默克股票现在是买入还是卖出?</blockquote></p><p> <b>Merck Stock Fundamentals: Sales Top</b></p><p><blockquote><b>默克股票基本面:销售榜首</b></blockquote></p><p> During the third quarter, adjusted earnings climbed 28% to $1.75 per share and sales soared 20% to $13.15 billion. Both metrics beat forecasts.</p><p><blockquote>第三季度,调整后收益攀升 28%,达到每股 1.75 美元,销售额飙升 20%,达到 131.5 亿美元。这两项指标都超出了预期。</blockquote></p><p> Merck also provided guidance following its <b>Organon</b>(OGN) spinoff. The pharma company boosted its full-year outlook to adjusted profit of $5.65-$5.70 per share on $47.4 billion to $47.9 billion in sales. Both measures topped expectations. And they don't include the potential for molnupiravir to gain authorizations in the U.S. or Europe.</p><p><blockquote>默克公司还提供了指导<b>器官</b>(OGN)衍生产品。这家制药公司将全年预期上调至调整后每股利润 5.65-5.70 美元,销售额从 474 亿美元上调至 479 亿美元。这两项指标都超出了预期。它们不包括莫努匹拉韦在美国或欧洲获得授权的潜力。</blockquote></p><p> The company's biggest single drug remains cancer treatment Keytruda. Keytruda accounted for more than a third of total third-quarter sales. Keytruda sales increased 22% to $4.53 billion. Sales of its human papillomavirus vaccine, Gardasil, soared 68% to $1.99 billion.</p><p><blockquote>该公司最大的单一药物仍然是癌症治疗药物 Keytruda。Keytruda 占第三季度总销售额的三分之一以上。Keytruda 销售额增长 22%,达到 45.3 亿美元。其人乳头瘤病毒疫苗 Gardasil 的销售额飙升 68%,达到 19.9 亿美元。</blockquote></p><p> But revenue from diabetes med Januvia fell 1% to $1.34 billion. And Merck reported a 26% decline for its pneumonia vaccine, Pneumovax 23, as Covid vaccines took priority in the U.S.</p><p><blockquote>但糖尿病药物 Januvia 的收入下降了 1%,至 13.4 亿美元。默克公司报告称,随着新冠疫苗在美国获得优先权,其肺炎疫苗 Pneumovax 23 的销量下降了 26%。</blockquote></p><p> Overall, third-quarter metrics were in line withCAN SLIM rules for investing,which advise investors to look for companies with recent quarterly growth of 20%-25%, or better.</p><p><blockquote>总体而言,第三季度的指标符合 CAN SLIM 投资规则,该规则建议投资者寻找最近季度增长率为 20%-25% 或更好的公司。</blockquote></p><p> In the current quarter, analysts polled by FactSet expect Merck to earn $1.52 per share on $13.16 billion in sales. On a year-over-year basis, earnings would surge about 21% and sales would rise north of 5%.</p><p><blockquote>FactSet 调查的分析师预计,本季度默克每股收益为 1.52 美元,销售额为 131.6 亿美元。按年计算,盈利将激增约 21%,销售额将增长 5% 以上。</blockquote></p><p> <b>What Do Annual Metrics Say About Merck?</b></p><p><blockquote><b>年度指标说明了默克公司的什么?</b></blockquote></p><p> As Dec. 27, Merck stock was down slightly for the year. Shares recently hit at least a three-decade high, but have since tumbled.</p><p><blockquote>截至12月27日,默克股价今年小幅下跌。股价最近触及至少三十年来的高点,但此后一直暴跌。</blockquote></p><p> Last year, Merck's sales grew 2.5% to $47.99 billion. That decelerated from 11% growth in 2019.</p><p><blockquote>去年,默克公司的销售额增长了 2.5%,达到 479.9 亿美元。这比 2019 年 11% 的增长率有所放缓。</blockquote></p><p> For 2021, analysts expect sales to rise a fraction to $48.44 billion. Income is projected to inch 2.8% higher to $5.82 a share. That follows 14% growth in 2020.</p><p><blockquote>分析师预计 2021 年销售额将小幅增长至 484.4 亿美元。收入预计将增长 2.8%,达到每股 5.82 美元。此前,2020 年增长了 14%。</blockquote></p><p> The stock ranks 6th by Composite Rating in the industry group of pharma companies. The 33-company Medical-Ethical Drugs group ranks No. 51 out of 197 groups tracked by Investor's Business Daily.</p><p><blockquote>该股在制药公司行业组中的综合评级排名第六。在《投资者商业日报》追踪的 197 个集团中,由 33 家公司组成的医疗伦理药物集团排名第 51 位。</blockquote></p><p> <b>Technical Analysis Of The Pharmaceutical Company</b></p><p><blockquote><b>医药公司技术分析</b></blockquote></p><p> Merck stock has a Composite Rating of 81 out of a best-possible 99. The CR is a measure of a stock's key growth metrics over the past 12 months. This puts Merck stock within the top 19% of all stocks, regardless of industry group.</p><p><blockquote>默克股票的综合评级为 81 分(满分 99 分)。CR 是衡量股票过去 12 个月关键增长指标的指标。这使得默克股票在所有股票中排名前 19%,无论行业类别如何。</blockquote></p><p> Shares also have a Relative Strength Rating of 57, reflecting the 12-month performance of Merck stock. This means the pharmaceutical stock ranks beneath the top one-third all stocks in terms of performance.</p><p><blockquote>该股的相对强度评级也为 57,反映了默克股票 12 个月的表现。这意味着该制药股的表现低于所有股票的前三分之一。</blockquote></p><p> It's also key to watch chart patterns. Merck stock broke out of a flat base with abuy point at 79.33 on Oct. 1, according to MarketSmith.com. But shares fell as much as 7% below their entry on Nov. 30. That triggered a sell signal. Investors are encouraged to sell when a stock is 7%-8% below its entry.</p><p><blockquote>观察图表模式也很关键。根据 MarketSmith.com 的数据,10 月 1 日,默克股价打破了平盘,abuy 点为 79.33。但股价较 11 月 30 日的入场价下跌了 7%。这引发了卖出信号。当股票低于入场价 7%-8% 时,鼓励投资者卖出。</blockquote></p><p> Merck stock also recently undercut its 50-day and 200-day moving averages. Both are sell signals.</p><p><blockquote>默克股价最近也跌破了 50 天和 200 天移动平均线。两者都是卖出信号。</blockquote></p><p> <b>Merck Stock News: Merck Grabs Covid Deal</b></p><p><blockquote><b>默克股票新闻:默克获得新冠交易</b></blockquote></p><p> Merck's molnupiravir is now authorized in the U.S., U.K. and Japan.</p><p><blockquote>默沙东的molnupiravir现已在美国、英国和日本获得授权。</blockquote></p><p> In addition to Merck and Pfizer,<b>Atea Pharmaceuticals</b>(AVIR) and <b>Enanta Pharmaceuticals</b>(ENTA) working on oral Covid drugs.<b>Roche</b>(RHHBY) recently pulled out of its deal with Atea for the Covid antiviral.</p><p><blockquote>除了默沙东和辉瑞,<b>Atea制药</b>(阿韦)和<b>Enanta制药</b>(ENTA)研究口服Covid药物。<b>罗氏</b>(RHHBY) 最近退出了与 Atea 就 Covid 抗病毒药物达成的协议。</blockquote></p><p> Analysts say the pills could offer an easier route for non-hospitalized treatment of Covid than antibody drugs from <b>Regeneron Pharmaceuticals</b>(REGN),<b>Eli Lilly</b>(LLY) and <b>Vir Biotechnology</b>(VIR). Antibody drugs must be given by health care professionals.</p><p><blockquote>分析人士表示,与抗体药物相比,这些药丸可以为新冠病毒的非住院治疗提供更简单的途径<b>再生元制药</b>(雨),<b>礼来</b>(LLY)和<b>生物技术</b>(来源)。抗体药物必须由医疗保健专业人员给予。</blockquote></p><p></p><p> But there is some concern that the way molnupiravir works could introduce mutations into the DNA of an unborn baby. So, FDA advisors waffled on whether to recommend its use for pregnant women.</p><p><blockquote>但有人担心molnupiravir的工作方式可能会将突变引入未出生婴儿的DNA。因此,FDA顾问在是否建议孕妇使用它的问题上犹豫不决。</blockquote></p><p> Bearishly, the FDA placed a study testing an HIV prevention drug, islatravir, on clinical hold. Several patients showed decreased in key immune cells. Merck and <b>Gilead Sciences</b>(GILD) also decided to stop testing a regimen of islatravir and Gilead's lenacapavir in HIV patients.</p><p><blockquote>悲观的是,FDA 暂停了一项测试艾滋病毒预防药物 islatravir 的研究。几名患者显示关键免疫细胞减少。默克和<b>吉利德科学</b>(GILD)还决定停止在HIV患者中测试islatravir和Gilead的lenacapavir方案。</blockquote></p><p> Merck also recently finished acquiring Acceleron.</p><p><blockquote>默克公司最近还完成了对 Acceleron 的收购。</blockquote></p><p> In early March, President Joe Biden announced Merck would help<b>Johnson & Johnson</b>(JNJ) produce its Covid vaccine. Merck will receive $268.8 million from the Biomedical Advanced Research and Development Authority to help expand facility space to do so.</p><p><blockquote>三月初,乔·拜登总统宣布默克将提供帮助<b>强生公司</b>(JNJ)生产新冠疫苗。默克将从生物医学高级研究与发展局获得 2.688 亿美元,以帮助扩大设施空间。</blockquote></p><p> <b>Is Merck Stock A Buy Now?</b></p><p><blockquote><b>默克股票现在值得买入吗?</b></blockquote></p><p> Based on CAN SLIM rules for investing, no, Merck stock is not a buy right now. Shares have round-tripped their earlier breakout and have triggered several sell signals.</p><p><blockquote>根据 CAN SLIM 投资规则,不,默克股票现在不值得购买。股价已经扭转了早些时候的突破,并引发了几个卖出信号。</blockquote></p><p> There are further caveats. Both Merck's sales and earnings met CAN SLIM guidelines in the third quarter. Sales aren't expected to meet that mark in the current quarter.</p><p><blockquote>还有进一步的警告。默克公司第三季度的销售额和盈利均符合 CAN SLIM 指导方针。预计本季度销售额不会达到这一里程碑。</blockquote></p><p> Still, big stocks like Merck can add gains without hitting massive growth streaks.</p><p><blockquote>尽管如此,像默克这样的大盘股可以在不实现大幅增长的情况下增加涨幅。</blockquote></p><p></p>","source":"lsy1610449120050","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>Is Merck Stock A Buy Or Sell After FDA Authorizes Its Covid Pill?<blockquote>FDA 批准其 Covid 药丸后,默克股票是买入还是卖出?</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\">\nIs Merck Stock A Buy Or Sell After FDA Authorizes Its Covid Pill?<blockquote>FDA 批准其 Covid 药丸后,默克股票是买入还是卖出?</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Investors</strong><span class=\"h-time small\">2021-12-28 08:47</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The Food and Drug Administration authorized <b>Merck</b>'s (MRK) antiviral Covid pill, molnupiravir. But Merck stock remains under pressure.</p><p><blockquote>食品药品监督管理局授权<b>默克</b>(MRK)抗病毒Covid药丸,莫努匹拉韦。但默克股票仍面临压力。</blockquote></p><p> The FDA authorized the Ridgeback Biotherapeutics-partnered pill for emergency use when other options aren't available or appropriate.<b>Pfizer</b>(PFE) also gained authorization for its two-pill regimen, Paxlovid. Paxlovid proved more effective in clinical testing. Further, molnupiravir carries a cancer risk and could lead to birth defects in unborn children.</p><p><blockquote>当其他选择不可用或不合适时,FDA授权Ridgeback Biotherapeutics合作的药丸紧急使用。<b>辉瑞</b>(PFE) 还获得了其两种药片疗法 Paxlovid 的授权。Paxlovid在临床试验中被证明更有效。此外,molnupiravir具有癌症风险,并可能导致未出生儿童出生缺陷。</blockquote></p><p> Merck's molnupiravir cut the risk of Covid-related hospitalizations or death by 30% when patients began treatment within five days of symptoms appearing. Paxlovid reduced the same risk by 89% for patients who began treatment within three days of symptom onset.</p><p><blockquote>当患者在症状出现五天内开始治疗时,默克公司的molnupiravir可将与Covid相关的住院或死亡风险降低30%。对于在症状出现三天内开始治疗的患者,Paxlovid将相同的风险降低了89%。</blockquote></p><p> Merck stock is well off highs it achieved in November. Bullishly, the company beat third-quarter expectations and offered an upbeat 2021 outlook that didn't include the potential impact of the antiviral pill. Molnupiravir is also allowed in the U.K. and Japan.</p><p><blockquote>默克股价已远高于 11 月份创下的高点。乐观地,该公司第三季度的业绩超出了预期,并提供了乐观的 2021 年前景,其中不包括抗病毒药物的潜在影响。莫努匹拉韦在英国和日本也是允许的。</blockquote></p><p> Merck expects to produce 10 million courses of molnupiravir this year and at least 20 million in 2022. It has supply agreements in place with more than 30 countries worldwide, including the U.S.</p><p><blockquote>默沙东预计今年将生产1000万个疗程的莫努匹拉韦,2022年将生产至少2000万个疗程。它与包括美国在内的全球30多个国家签订了供应协议。</blockquote></p><p> So, all in all, is Merck stock a buy or a sell right now?</p><p><blockquote>那么,总而言之,默克股票现在是买入还是卖出?</blockquote></p><p> <b>Merck Stock Fundamentals: Sales Top</b></p><p><blockquote><b>默克股票基本面:销售榜首</b></blockquote></p><p> During the third quarter, adjusted earnings climbed 28% to $1.75 per share and sales soared 20% to $13.15 billion. Both metrics beat forecasts.</p><p><blockquote>第三季度,调整后收益攀升 28%,达到每股 1.75 美元,销售额飙升 20%,达到 131.5 亿美元。这两项指标都超出了预期。</blockquote></p><p> Merck also provided guidance following its <b>Organon</b>(OGN) spinoff. The pharma company boosted its full-year outlook to adjusted profit of $5.65-$5.70 per share on $47.4 billion to $47.9 billion in sales. Both measures topped expectations. And they don't include the potential for molnupiravir to gain authorizations in the U.S. or Europe.</p><p><blockquote>默克公司还提供了指导<b>器官</b>(OGN)衍生产品。这家制药公司将全年预期上调至调整后每股利润 5.65-5.70 美元,销售额从 474 亿美元上调至 479 亿美元。这两项指标都超出了预期。它们不包括莫努匹拉韦在美国或欧洲获得授权的潜力。</blockquote></p><p> The company's biggest single drug remains cancer treatment Keytruda. Keytruda accounted for more than a third of total third-quarter sales. Keytruda sales increased 22% to $4.53 billion. Sales of its human papillomavirus vaccine, Gardasil, soared 68% to $1.99 billion.</p><p><blockquote>该公司最大的单一药物仍然是癌症治疗药物 Keytruda。Keytruda 占第三季度总销售额的三分之一以上。Keytruda 销售额增长 22%,达到 45.3 亿美元。其人乳头瘤病毒疫苗 Gardasil 的销售额飙升 68%,达到 19.9 亿美元。</blockquote></p><p> But revenue from diabetes med Januvia fell 1% to $1.34 billion. And Merck reported a 26% decline for its pneumonia vaccine, Pneumovax 23, as Covid vaccines took priority in the U.S.</p><p><blockquote>但糖尿病药物 Januvia 的收入下降了 1%,至 13.4 亿美元。默克公司报告称,随着新冠疫苗在美国获得优先权,其肺炎疫苗 Pneumovax 23 的销量下降了 26%。</blockquote></p><p> Overall, third-quarter metrics were in line withCAN SLIM rules for investing,which advise investors to look for companies with recent quarterly growth of 20%-25%, or better.</p><p><blockquote>总体而言,第三季度的指标符合 CAN SLIM 投资规则,该规则建议投资者寻找最近季度增长率为 20%-25% 或更好的公司。</blockquote></p><p> In the current quarter, analysts polled by FactSet expect Merck to earn $1.52 per share on $13.16 billion in sales. On a year-over-year basis, earnings would surge about 21% and sales would rise north of 5%.</p><p><blockquote>FactSet 调查的分析师预计,本季度默克每股收益为 1.52 美元,销售额为 131.6 亿美元。按年计算,盈利将激增约 21%,销售额将增长 5% 以上。</blockquote></p><p> <b>What Do Annual Metrics Say About Merck?</b></p><p><blockquote><b>年度指标说明了默克公司的什么?</b></blockquote></p><p> As Dec. 27, Merck stock was down slightly for the year. Shares recently hit at least a three-decade high, but have since tumbled.</p><p><blockquote>截至12月27日,默克股价今年小幅下跌。股价最近触及至少三十年来的高点,但此后一直暴跌。</blockquote></p><p> Last year, Merck's sales grew 2.5% to $47.99 billion. That decelerated from 11% growth in 2019.</p><p><blockquote>去年,默克公司的销售额增长了 2.5%,达到 479.9 亿美元。这比 2019 年 11% 的增长率有所放缓。</blockquote></p><p> For 2021, analysts expect sales to rise a fraction to $48.44 billion. Income is projected to inch 2.8% higher to $5.82 a share. That follows 14% growth in 2020.</p><p><blockquote>分析师预计 2021 年销售额将小幅增长至 484.4 亿美元。收入预计将增长 2.8%,达到每股 5.82 美元。此前,2020 年增长了 14%。</blockquote></p><p> The stock ranks 6th by Composite Rating in the industry group of pharma companies. The 33-company Medical-Ethical Drugs group ranks No. 51 out of 197 groups tracked by Investor's Business Daily.</p><p><blockquote>该股在制药公司行业组中的综合评级排名第六。在《投资者商业日报》追踪的 197 个集团中,由 33 家公司组成的医疗伦理药物集团排名第 51 位。</blockquote></p><p> <b>Technical Analysis Of The Pharmaceutical Company</b></p><p><blockquote><b>医药公司技术分析</b></blockquote></p><p> Merck stock has a Composite Rating of 81 out of a best-possible 99. The CR is a measure of a stock's key growth metrics over the past 12 months. This puts Merck stock within the top 19% of all stocks, regardless of industry group.</p><p><blockquote>默克股票的综合评级为 81 分(满分 99 分)。CR 是衡量股票过去 12 个月关键增长指标的指标。这使得默克股票在所有股票中排名前 19%,无论行业类别如何。</blockquote></p><p> Shares also have a Relative Strength Rating of 57, reflecting the 12-month performance of Merck stock. This means the pharmaceutical stock ranks beneath the top one-third all stocks in terms of performance.</p><p><blockquote>该股的相对强度评级也为 57,反映了默克股票 12 个月的表现。这意味着该制药股的表现低于所有股票的前三分之一。</blockquote></p><p> It's also key to watch chart patterns. Merck stock broke out of a flat base with abuy point at 79.33 on Oct. 1, according to MarketSmith.com. But shares fell as much as 7% below their entry on Nov. 30. That triggered a sell signal. Investors are encouraged to sell when a stock is 7%-8% below its entry.</p><p><blockquote>观察图表模式也很关键。根据 MarketSmith.com 的数据,10 月 1 日,默克股价打破了平盘,abuy 点为 79.33。但股价较 11 月 30 日的入场价下跌了 7%。这引发了卖出信号。当股票低于入场价 7%-8% 时,鼓励投资者卖出。</blockquote></p><p> Merck stock also recently undercut its 50-day and 200-day moving averages. Both are sell signals.</p><p><blockquote>默克股价最近也跌破了 50 天和 200 天移动平均线。两者都是卖出信号。</blockquote></p><p> <b>Merck Stock News: Merck Grabs Covid Deal</b></p><p><blockquote><b>默克股票新闻:默克获得新冠交易</b></blockquote></p><p> Merck's molnupiravir is now authorized in the U.S., U.K. and Japan.</p><p><blockquote>默沙东的molnupiravir现已在美国、英国和日本获得授权。</blockquote></p><p> In addition to Merck and Pfizer,<b>Atea Pharmaceuticals</b>(AVIR) and <b>Enanta Pharmaceuticals</b>(ENTA) working on oral Covid drugs.<b>Roche</b>(RHHBY) recently pulled out of its deal with Atea for the Covid antiviral.</p><p><blockquote>除了默沙东和辉瑞,<b>Atea制药</b>(阿韦)和<b>Enanta制药</b>(ENTA)研究口服Covid药物。<b>罗氏</b>(RHHBY) 最近退出了与 Atea 就 Covid 抗病毒药物达成的协议。</blockquote></p><p> Analysts say the pills could offer an easier route for non-hospitalized treatment of Covid than antibody drugs from <b>Regeneron Pharmaceuticals</b>(REGN),<b>Eli Lilly</b>(LLY) and <b>Vir Biotechnology</b>(VIR). Antibody drugs must be given by health care professionals.</p><p><blockquote>分析人士表示,与抗体药物相比,这些药丸可以为新冠病毒的非住院治疗提供更简单的途径<b>再生元制药</b>(雨),<b>礼来</b>(LLY)和<b>生物技术</b>(来源)。抗体药物必须由医疗保健专业人员给予。</blockquote></p><p></p><p> But there is some concern that the way molnupiravir works could introduce mutations into the DNA of an unborn baby. So, FDA advisors waffled on whether to recommend its use for pregnant women.</p><p><blockquote>但有人担心molnupiravir的工作方式可能会将突变引入未出生婴儿的DNA。因此,FDA顾问在是否建议孕妇使用它的问题上犹豫不决。</blockquote></p><p> Bearishly, the FDA placed a study testing an HIV prevention drug, islatravir, on clinical hold. Several patients showed decreased in key immune cells. Merck and <b>Gilead Sciences</b>(GILD) also decided to stop testing a regimen of islatravir and Gilead's lenacapavir in HIV patients.</p><p><blockquote>悲观的是,FDA 暂停了一项测试艾滋病毒预防药物 islatravir 的研究。几名患者显示关键免疫细胞减少。默克和<b>吉利德科学</b>(GILD)还决定停止在HIV患者中测试islatravir和Gilead的lenacapavir方案。</blockquote></p><p> Merck also recently finished acquiring Acceleron.</p><p><blockquote>默克公司最近还完成了对 Acceleron 的收购。</blockquote></p><p> In early March, President Joe Biden announced Merck would help<b>Johnson & Johnson</b>(JNJ) produce its Covid vaccine. Merck will receive $268.8 million from the Biomedical Advanced Research and Development Authority to help expand facility space to do so.</p><p><blockquote>三月初,乔·拜登总统宣布默克将提供帮助<b>强生公司</b>(JNJ)生产新冠疫苗。默克将从生物医学高级研究与发展局获得 2.688 亿美元,以帮助扩大设施空间。</blockquote></p><p> <b>Is Merck Stock A Buy Now?</b></p><p><blockquote><b>默克股票现在值得买入吗?</b></blockquote></p><p> Based on CAN SLIM rules for investing, no, Merck stock is not a buy right now. Shares have round-tripped their earlier breakout and have triggered several sell signals.</p><p><blockquote>根据 CAN SLIM 投资规则,不,默克股票现在不值得购买。股价已经扭转了早些时候的突破,并引发了几个卖出信号。</blockquote></p><p> There are further caveats. Both Merck's sales and earnings met CAN SLIM guidelines in the third quarter. Sales aren't expected to meet that mark in the current quarter.</p><p><blockquote>还有进一步的警告。默克公司第三季度的销售额和盈利均符合 CAN SLIM 指导方针。预计本季度销售额不会达到这一里程碑。</blockquote></p><p> Still, big stocks like Merck can add gains without hitting massive growth streaks.</p><p><blockquote>尽管如此,像默克这样的大盘股可以在不实现大幅增长的情况下增加涨幅。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://www.investors.com/news/technology/merck-stock-buy-now/?src=A00220\">Investors</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":{"MRK":"默沙东"},"source_url":"https://www.investors.com/news/technology/merck-stock-buy-now/?src=A00220","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1156481741","content_text":"The Food and Drug Administration authorized Merck's (MRK) antiviral Covid pill, molnupiravir. But Merck stock remains under pressure.\nThe FDA authorized the Ridgeback Biotherapeutics-partnered pill for emergency use when other options aren't available or appropriate.Pfizer(PFE) also gained authorization for its two-pill regimen, Paxlovid. Paxlovid proved more effective in clinical testing. Further, molnupiravir carries a cancer risk and could lead to birth defects in unborn children.\nMerck's molnupiravir cut the risk of Covid-related hospitalizations or death by 30% when patients began treatment within five days of symptoms appearing. Paxlovid reduced the same risk by 89% for patients who began treatment within three days of symptom onset.\nMerck stock is well off highs it achieved in November. Bullishly, the company beat third-quarter expectations and offered an upbeat 2021 outlook that didn't include the potential impact of the antiviral pill. Molnupiravir is also allowed in the U.K. and Japan.\nMerck expects to produce 10 million courses of molnupiravir this year and at least 20 million in 2022. It has supply agreements in place with more than 30 countries worldwide, including the U.S.\nSo, all in all, is Merck stock a buy or a sell right now?\nMerck Stock Fundamentals: Sales Top\nDuring the third quarter, adjusted earnings climbed 28% to $1.75 per share and sales soared 20% to $13.15 billion. Both metrics beat forecasts.\nMerck also provided guidance following its Organon(OGN) spinoff. The pharma company boosted its full-year outlook to adjusted profit of $5.65-$5.70 per share on $47.4 billion to $47.9 billion in sales. Both measures topped expectations. And they don't include the potential for molnupiravir to gain authorizations in the U.S. or Europe.\nThe company's biggest single drug remains cancer treatment Keytruda. Keytruda accounted for more than a third of total third-quarter sales. Keytruda sales increased 22% to $4.53 billion. Sales of its human papillomavirus vaccine, Gardasil, soared 68% to $1.99 billion.\nBut revenue from diabetes med Januvia fell 1% to $1.34 billion. And Merck reported a 26% decline for its pneumonia vaccine, Pneumovax 23, as Covid vaccines took priority in the U.S.\nOverall, third-quarter metrics were in line withCAN SLIM rules for investing,which advise investors to look for companies with recent quarterly growth of 20%-25%, or better.\nIn the current quarter, analysts polled by FactSet expect Merck to earn $1.52 per share on $13.16 billion in sales. On a year-over-year basis, earnings would surge about 21% and sales would rise north of 5%.\nWhat Do Annual Metrics Say About Merck?\nAs Dec. 27, Merck stock was down slightly for the year. Shares recently hit at least a three-decade high, but have since tumbled.\nLast year, Merck's sales grew 2.5% to $47.99 billion. That decelerated from 11% growth in 2019.\nFor 2021, analysts expect sales to rise a fraction to $48.44 billion. Income is projected to inch 2.8% higher to $5.82 a share. That follows 14% growth in 2020.\nThe stock ranks 6th by Composite Rating in the industry group of pharma companies. The 33-company Medical-Ethical Drugs group ranks No. 51 out of 197 groups tracked by Investor's Business Daily.\nTechnical Analysis Of The Pharmaceutical Company\nMerck stock has a Composite Rating of 81 out of a best-possible 99. The CR is a measure of a stock's key growth metrics over the past 12 months. This puts Merck stock within the top 19% of all stocks, regardless of industry group.\nShares also have a Relative Strength Rating of 57, reflecting the 12-month performance of Merck stock. This means the pharmaceutical stock ranks beneath the top one-third all stocks in terms of performance.\nIt's also key to watch chart patterns. Merck stock broke out of a flat base with abuy point at 79.33 on Oct. 1, according to MarketSmith.com. But shares fell as much as 7% below their entry on Nov. 30. That triggered a sell signal. Investors are encouraged to sell when a stock is 7%-8% below its entry.\nMerck stock also recently undercut its 50-day and 200-day moving averages. Both are sell signals.\nMerck Stock News: Merck Grabs Covid Deal\nMerck's molnupiravir is now authorized in the U.S., U.K. and Japan.\nIn addition to Merck and Pfizer,Atea Pharmaceuticals(AVIR) and Enanta Pharmaceuticals(ENTA) working on oral Covid drugs.Roche(RHHBY) recently pulled out of its deal with Atea for the Covid antiviral.\nAnalysts say the pills could offer an easier route for non-hospitalized treatment of Covid than antibody drugs from Regeneron Pharmaceuticals(REGN),Eli Lilly(LLY) and Vir Biotechnology(VIR). Antibody drugs must be given by health care professionals.\nBut there is some concern that the way molnupiravir works could introduce mutations into the DNA of an unborn baby. So, FDA advisors waffled on whether to recommend its use for pregnant women.\nBearishly, the FDA placed a study testing an HIV prevention drug, islatravir, on clinical hold. Several patients showed decreased in key immune cells. Merck and Gilead Sciences(GILD) also decided to stop testing a regimen of islatravir and Gilead's lenacapavir in HIV patients.\nMerck also recently finished acquiring Acceleron.\nIn early March, President Joe Biden announced Merck would helpJohnson & Johnson(JNJ) produce its Covid vaccine. Merck will receive $268.8 million from the Biomedical Advanced Research and Development Authority to help expand facility space to do so.\nIs Merck Stock A Buy Now?\nBased on CAN SLIM rules for investing, no, Merck stock is not a buy right now. Shares have round-tripped their earlier breakout and have triggered several sell signals.\nThere are further caveats. Both Merck's sales and earnings met CAN SLIM guidelines in the third quarter. Sales aren't expected to meet that mark in the current quarter.\nStill, big stocks like Merck can add gains without hitting massive growth streaks.","news_type":1,"symbols_score_info":{"MRK":0.9}},"isVote":1,"tweetType":1,"viewCount":3690,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":696125572,"gmtCreate":1640652772014,"gmtModify":1640652811400,"author":{"id":"3572077804076143","authorId":"3572077804076143","name":"Yappy","avatar":"https://static.tigerbbs.com/ab4d89913ade03f15c782b99132ba22f","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572077804076143","idStr":"3572077804076143"},"themes":[],"title":"","htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/696125572","repostId":"1127544468","repostType":4,"isVote":1,"tweetType":1,"viewCount":3696,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":696078108,"gmtCreate":1640586620283,"gmtModify":1640586620911,"author":{"id":"3572077804076143","authorId":"3572077804076143","name":"Yappy","avatar":"https://static.tigerbbs.com/ab4d89913ade03f15c782b99132ba22f","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572077804076143","idStr":"3572077804076143"},"themes":[],"title":"","htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/696078108","repostId":"1140131175","repostType":4,"repost":{"id":"1140131175","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga Earnings","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1640585762,"share":"https://www.laohunote.com/m/news/1140131175?lang=zh_CN&edition=full","pubTime":"2021-12-27 14:16","market":"us","language":"en","title":"Used Cars Appreciating Faster Than Stock Market, Even Some Cryptocurrencies: Report<blockquote>二手车升值速度快于股市,甚至一些加密货币也是如此:报告</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1140131175","media":"Benzinga Earnings","summary":"Used car prices are appreciating faster than the stock market and some cryptocurrencies, CNBCreporte","content":"<p>Used car prices are appreciating faster than the stock market and some cryptocurrencies, CNBCreportedon Sunday, according to market research firm <b>Bianco Research</b>’s President <b>Jim</b> <b>Bianco</b>.</p><p><blockquote>据市场研究公司 CNBC 周日报道,二手车价格的升值速度快于股市和一些加密货币<b>比安科研究</b>总统<b>吉姆</b> <b>白色</b>.</blockquote></p><p> <b>What Happened:</b>Used car prices have soared more than 20% in the past four months, Bianco said, citing the Manheim index of used car prices.</p><p><blockquote><b>发生了什么:</b>比安科援引曼海姆二手车价格指数表示,过去四个月二手车价格飙升了 20% 以上。</blockquote></p><p> The latest Manheim data shows a steep rise in prices for wholesale used vehicles even as vehicle inventories, which are already at a record low, stayed longer at dealerships.</p><p><blockquote>最新的曼海姆数据显示,二手车批发价格大幅上涨,尽管已经处于历史低位的汽车库存在经销商处停留的时间更长。</blockquote></p><p> The Manheim Index shows the annual average for used car prices has soared 30% over 2020.</p><p><blockquote>曼海姆指数显示,2020 年二手车年均价格飙升了 30%。</blockquote></p><p> “As of December 15, the latest set of data we’ve got, they’re just accelerating higher and higher right now. There’s no peak at least as of now,” the report said, citing Bianco.</p><p><blockquote>“报告援引比安科的话说:”截至 12 月 15 日,也就是我们掌握的最新数据,它们现在的速度越来越快。至少到目前为止,还没有达到顶峰。</blockquote></p><p> In comparison,<b>Bitcoin</b>(CRYPTO:BTC) has risen 5% in the past four months, based on Thursday’s close, while the S&P is up 26% year-to-date.</p><p><blockquote>相比之下,<b>比特币</b>根据周四的收盘价,BTC 在过去四个月中上涨了 5%,而标准普尔指数今年迄今上涨了 26%。</blockquote></p><p> Used car prices reached an average of $27,569, a 27% increase from the same time last year, as per the report, citing <b>Kelley Blue Book</b>.</p><p><blockquote>报告称,二手车价格平均达到 27,569 美元,比去年同期上涨 27%<b>凯利蓝皮书</b>.</blockquote></p><p> Bianco noted that used cars are going to be more expensive as customers are still rushing to buy them as soon as inventory is available.</p><p><blockquote>比安科指出,二手车将会更加昂贵,因为一旦有库存,客户仍然会争先恐后地购买。</blockquote></p><p> “It has all the tell-tale signs of a bubble,” he warned, adding that used cars are self-depreciating assets and prices are not supposed to be so high.</p><p><blockquote>“他警告说:”这有泡沫的所有迹象,”他补充说,二手车是自我贬值的资产,价格不应该这么高。</blockquote></p><p> <b>Why It Matters:</b>Prices of both used and new cars have surged to levels not seen in many years as chip shortages wreaked havoc on automakers across the globe.</p><p><blockquote><b>为什么重要:</b>随着芯片短缺对全球汽车制造商造成严重破坏,二手车和新车的价格都飙升至多年来未见的水平。</blockquote></p><p> Key automakers such as <b>General Motors Co</b>,<b>Ford Motor Co</b>,<b>Tesla Inc</b> and others have all been struggling to wade through the global chip shortage for over a year now.</p><p><blockquote>主要汽车制造商,例如<b>通用汽车公司</b>,<b>福特汽车</b>,<b>特斯拉公司</b>一年多来,其他人都在努力应对全球芯片短缺。</blockquote></p><p> The shortages started mid-2020 when demand suddenly sprung back after the pandemic induced lockdowns were lifted.</p><p><blockquote>短缺始于 2020 年年中,当时疫情引发的封锁解除后,需求突然反弹。</blockquote></p><p> <b>AutoNation Inc</b>, the largest U.S. auto retailer, reported a record profit in October despite lower inventories and warned that dealer inventories are likely to remain tight well into 2022.</p><p><blockquote><b>汽车国家公司</b>尽管库存下降,美国最大的汽车零售商 10 月份仍报告利润创历史新高,并警告称,经销商库存可能会持续到 2022 年。</blockquote></p><p> For perspective, AutoNation had about 5,000 new vehicles in inventory at the end of September, compared with 56,000 a year ago.</p><p><blockquote>从长远来看,截至 9 月底,AutoNation 的库存约为 5,000 辆新车,而一年前为 56,000 辆。</blockquote></p><p> <b>Price Action:</b>AutoNation shares have risen 65% so far this year. The stock closed 0.34% higher at $112 a share on Thursday.</p><p><blockquote><b>价格行为:</b>今年迄今为止,AutoNation 股价已上涨 65%。该股周四收盘上涨 0.34%,至每股 112 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>Used Cars Appreciating Faster Than Stock Market, Even Some Cryptocurrencies: Report<blockquote>二手车升值速度快于股市,甚至一些加密货币也是如此:报告</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\">\nUsed Cars Appreciating Faster Than Stock Market, Even Some Cryptocurrencies: Report<blockquote>二手车升值速度快于股市,甚至一些加密货币也是如此:报告</blockquote>\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga Earnings </p>\n<p class=\"h-time smaller\">2021-12-27 14:16</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p>Used car prices are appreciating faster than the stock market and some cryptocurrencies, CNBCreportedon Sunday, according to market research firm <b>Bianco Research</b>’s President <b>Jim</b> <b>Bianco</b>.</p><p><blockquote>据市场研究公司 CNBC 周日报道,二手车价格的升值速度快于股市和一些加密货币<b>比安科研究</b>总统<b>吉姆</b> <b>白色</b>.</blockquote></p><p> <b>What Happened:</b>Used car prices have soared more than 20% in the past four months, Bianco said, citing the Manheim index of used car prices.</p><p><blockquote><b>发生了什么:</b>比安科援引曼海姆二手车价格指数表示,过去四个月二手车价格飙升了 20% 以上。</blockquote></p><p> The latest Manheim data shows a steep rise in prices for wholesale used vehicles even as vehicle inventories, which are already at a record low, stayed longer at dealerships.</p><p><blockquote>最新的曼海姆数据显示,二手车批发价格大幅上涨,尽管已经处于历史低位的汽车库存在经销商处停留的时间更长。</blockquote></p><p> The Manheim Index shows the annual average for used car prices has soared 30% over 2020.</p><p><blockquote>曼海姆指数显示,2020 年二手车年均价格飙升了 30%。</blockquote></p><p> “As of December 15, the latest set of data we’ve got, they’re just accelerating higher and higher right now. There’s no peak at least as of now,” the report said, citing Bianco.</p><p><blockquote>“报告援引比安科的话说:”截至 12 月 15 日,也就是我们掌握的最新数据,它们现在的速度越来越快。至少到目前为止,还没有达到顶峰。</blockquote></p><p> In comparison,<b>Bitcoin</b>(CRYPTO:BTC) has risen 5% in the past four months, based on Thursday’s close, while the S&P is up 26% year-to-date.</p><p><blockquote>相比之下,<b>比特币</b>根据周四的收盘价,BTC 在过去四个月中上涨了 5%,而标准普尔指数今年迄今上涨了 26%。</blockquote></p><p> Used car prices reached an average of $27,569, a 27% increase from the same time last year, as per the report, citing <b>Kelley Blue Book</b>.</p><p><blockquote>报告称,二手车价格平均达到 27,569 美元,比去年同期上涨 27%<b>凯利蓝皮书</b>.</blockquote></p><p> Bianco noted that used cars are going to be more expensive as customers are still rushing to buy them as soon as inventory is available.</p><p><blockquote>比安科指出,二手车将会更加昂贵,因为一旦有库存,客户仍然会争先恐后地购买。</blockquote></p><p> “It has all the tell-tale signs of a bubble,” he warned, adding that used cars are self-depreciating assets and prices are not supposed to be so high.</p><p><blockquote>“他警告说:”这有泡沫的所有迹象,”他补充说,二手车是自我贬值的资产,价格不应该这么高。</blockquote></p><p> <b>Why It Matters:</b>Prices of both used and new cars have surged to levels not seen in many years as chip shortages wreaked havoc on automakers across the globe.</p><p><blockquote><b>为什么重要:</b>随着芯片短缺对全球汽车制造商造成严重破坏,二手车和新车的价格都飙升至多年来未见的水平。</blockquote></p><p> Key automakers such as <b>General Motors Co</b>,<b>Ford Motor Co</b>,<b>Tesla Inc</b> and others have all been struggling to wade through the global chip shortage for over a year now.</p><p><blockquote>主要汽车制造商,例如<b>通用汽车公司</b>,<b>福特汽车</b>,<b>特斯拉公司</b>一年多来,其他人都在努力应对全球芯片短缺。</blockquote></p><p> The shortages started mid-2020 when demand suddenly sprung back after the pandemic induced lockdowns were lifted.</p><p><blockquote>短缺始于 2020 年年中,当时疫情引发的封锁解除后,需求突然反弹。</blockquote></p><p> <b>AutoNation Inc</b>, the largest U.S. auto retailer, reported a record profit in October despite lower inventories and warned that dealer inventories are likely to remain tight well into 2022.</p><p><blockquote><b>汽车国家公司</b>尽管库存下降,美国最大的汽车零售商 10 月份仍报告利润创历史新高,并警告称,经销商库存可能会持续到 2022 年。</blockquote></p><p> For perspective, AutoNation had about 5,000 new vehicles in inventory at the end of September, compared with 56,000 a year ago.</p><p><blockquote>从长远来看,截至 9 月底,AutoNation 的库存约为 5,000 辆新车,而一年前为 56,000 辆。</blockquote></p><p> <b>Price Action:</b>AutoNation shares have risen 65% so far this year. The stock closed 0.34% higher at $112 a share on Thursday.</p><p><blockquote><b>价格行为:</b>今年迄今为止,AutoNation 股价已上涨 65%。该股周四收盘上涨 0.34%,至每股 112 美元。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AN":"车之国公司","TSLA":"特斯拉","F":"福特汽车","GM":"通用汽车"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1140131175","content_text":"Used car prices are appreciating faster than the stock market and some cryptocurrencies, CNBCreportedon Sunday, according to market research firm Bianco Research’s President Jim Bianco.\nWhat Happened:Used car prices have soared more than 20% in the past four months, Bianco said, citing the Manheim index of used car prices.\nThe latest Manheim data shows a steep rise in prices for wholesale used vehicles even as vehicle inventories, which are already at a record low, stayed longer at dealerships.\nThe Manheim Index shows the annual average for used car prices has soared 30% over 2020.\n“As of December 15, the latest set of data we’ve got, they’re just accelerating higher and higher right now. There’s no peak at least as of now,” the report said, citing Bianco.\nIn comparison,Bitcoin(CRYPTO:BTC) has risen 5% in the past four months, based on Thursday’s close, while the S&P is up 26% year-to-date.\nUsed car prices reached an average of $27,569, a 27% increase from the same time last year, as per the report, citing Kelley Blue Book.\nBianco noted that used cars are going to be more expensive as customers are still rushing to buy them as soon as inventory is available.\n“It has all the tell-tale signs of a bubble,” he warned, adding that used cars are self-depreciating assets and prices are not supposed to be so high.\nWhy It Matters:Prices of both used and new cars have surged to levels not seen in many years as chip shortages wreaked havoc on automakers across the globe.\nKey automakers such as General Motors Co,Ford Motor Co,Tesla Inc and others have all been struggling to wade through the global chip shortage for over a year now.\nThe shortages started mid-2020 when demand suddenly sprung back after the pandemic induced lockdowns were lifted.\nAutoNation Inc, the largest U.S. auto retailer, reported a record profit in October despite lower inventories and warned that dealer inventories are likely to remain tight well into 2022.\nFor perspective, AutoNation had about 5,000 new vehicles in inventory at the end of September, compared with 56,000 a year ago.\nPrice Action:AutoNation shares have risen 65% so far this year. The stock closed 0.34% higher at $112 a share on Thursday.","news_type":1,"symbols_score_info":{"F":0.9,"TSLA":0.9,"AN":0.9,"GM":0.9}},"isVote":1,"tweetType":1,"viewCount":3173,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":696000435,"gmtCreate":1640567904529,"gmtModify":1640567905143,"author":{"id":"3572077804076143","authorId":"3572077804076143","name":"Yappy","avatar":"https://static.tigerbbs.com/ab4d89913ade03f15c782b99132ba22f","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572077804076143","idStr":"3572077804076143"},"themes":[],"title":"","htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/696000435","repostId":"1194851655","repostType":4,"isVote":1,"tweetType":1,"viewCount":3114,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":698458554,"gmtCreate":1640506474291,"gmtModify":1640506474872,"author":{"id":"3572077804076143","authorId":"3572077804076143","name":"Yappy","avatar":"https://static.tigerbbs.com/ab4d89913ade03f15c782b99132ba22f","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572077804076143","idStr":"3572077804076143"},"themes":[],"title":"","htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/698458554","repostId":"2193781141","repostType":4,"isVote":1,"tweetType":1,"viewCount":4062,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":698458216,"gmtCreate":1640506461806,"gmtModify":1640506462332,"author":{"id":"3572077804076143","authorId":"3572077804076143","name":"Yappy","avatar":"https://static.tigerbbs.com/ab4d89913ade03f15c782b99132ba22f","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572077804076143","idStr":"3572077804076143"},"themes":[],"title":"","htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/698458216","repostId":"2193178197","repostType":4,"isVote":1,"tweetType":1,"viewCount":2690,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":698135760,"gmtCreate":1640315728661,"gmtModify":1640316461693,"author":{"id":"3572077804076143","authorId":"3572077804076143","name":"Yappy","avatar":"https://static.tigerbbs.com/ab4d89913ade03f15c782b99132ba22f","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572077804076143","idStr":"3572077804076143"},"themes":[],"title":"","htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/698135760","repostId":"1163369412","repostType":4,"repost":{"id":"1163369412","kind":"news","pubTimestamp":1640315341,"share":"https://www.laohunote.com/m/news/1163369412?lang=zh_CN&edition=full","pubTime":"2021-12-24 11:09","market":"us","language":"en","title":"Sumitomo wins big with early bet on EV startup Rivian<blockquote>住友商事株式会社早期押注电动汽车初创公司Rivian,大获全胜</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1163369412","media":"Nikkei Asia","summary":"Once-secretive automaker now worth almost 100 times its original value\nA Rivian R1T all-electric tru","content":"<p>Once-secretive automaker now worth almost 100 times its original value</p><p><blockquote>曾经神秘的汽车制造商现在价值几乎是其原始价值的 100 倍</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b7e054c0ad4260b9074fbdd6c0947731\" tg-width=\"1400\" tg-height=\"788\" width=\"100%\" height=\"auto\"><span>A Rivian R1T all-electric truck in Times Square in New York on Nov. 10, the automaker's first day of trading. © AP</span></p><p><blockquote><p class=\"t-img-caption\"><span>11 月 10 日,一辆Rivian R1T 全电动卡车出现在纽约时代广场,这是该汽车制造商上市的第一天。©美联社</span></p></blockquote></p><p> TOKYO -- In the spring of 2017, a Saudi business associate made an intriguing proposal to Yoshito Miyazaki, an executive at Japanese trading house Sumitomo Corp., asking if he would like to invest in an interesting electric vehicle startup together.</p><p><blockquote>东京——2017 年春天,一位沙特商业伙伴向日本贸易公司住友商事株式会社 (Sumitomo Corp.) 的高管宫崎骏 (Yoshito Miyazaki) 提出了一个有趣的提议,询问他是否愿意一起投资一家有趣的电动汽车初创公司。</blockquote></p><p> The target of the pitch was Rivian Automotive, which at the time was still operating in stealth mode with hardly any information to its name. The CEO of the outfit, R.J. Scaringe, maintained an especially low profile.</p><p><blockquote>此次推介的目标是Rivian汽车公司,该公司当时仍在秘密模式下运营,几乎没有任何关于其名称的信息。该公司的首席执行官R.J。斯卡林格保持着特别低调的姿态。</blockquote></p><p> What a difference four years make. Now Rivian's market capitalization hovers at about $100 billion following its debut on Nasdaq in November. Rivian's value has grown by a magnitude of nearly 100, and Sumitomo was one of the investors that got in on the ground floor.</p><p><blockquote>四年有多大的不同。自 11 月在纳斯达克首次亮相以来,Rivian 的市值目前徘徊在 1000 亿美元左右。Rivian 的价值增长了近 100 倍,住友是进入底层的投资者之一。</blockquote></p><p> The business associate, an executive at Saudi conglomerate Abdul Latif Jameel, had been visiting the U.S. when he met with Miyazaki, then the general manager of Sumitomo's Detroit office. Sumitomo and ALJ operate a joint-venture construction equipment distributor in Saudi Arabia, and the two companies were looking for other collaborative opportunities in the U.S.</p><p><blockquote>这位商业伙伴是沙特企业集团阿卜杜勒·拉蒂夫·贾米尔(Abdul Latif Jameel)的一名高管,当时他正在美国访问,会见了时任住友底特律办事处总经理的宫崎。住友和ALJ在沙特阿拉伯经营一家合资建筑设备分销商,两家公司正在美国寻找其他合作机会。</blockquote></p><p> It was then that Miyazaki heard Scaringe was going to make his first public appearance, at a town meeting hosted by the Original Equipment Suppliers Association at a venue not far from Detroit.</p><p><blockquote>就在那时,宫崎听说斯卡林格将首次公开露面,在离底特律不远的一个地方,由原始设备供应商协会主办的一个城镇会议上。</blockquote></p><p> At the event, Scaringe made a passionate case for developing large EVs, a \"white space\" where competition was scarce. His plan was to roll out a sport utility vehicle and a pickup truck by approximately 2020. Rivian would leverage the new brand image to secure more funding, which would then be used to develop shared EVs and fully autonomous driving technology by 2023.</p><p><blockquote>在活动中,Scaringe 热情地提出了开发大型电动汽车的理由,这是一个竞争稀少的“白色空间”。他的计划是在 2020 年左右推出运动型多功能车和皮卡车。Rivian将利用新的品牌形象来获得更多资金,然后用于到 2023 年开发共享电动汽车和全自动驾驶技术。</blockquote></p><p> Many EV startups who bill themselves as the next Tesla pour their resources into developing sports cars. However, Scaringe demonstrated he was quick to pick up on shifting consumer tastes while maintaining a focus on next-generation technology.</p><p><blockquote>许多自诩为下一个特斯拉的电动汽车初创公司将资源投入到开发跑车上。然而,Scaringe证明了他在保持对下一代技术的关注的同时,很快就适应了不断变化的消费者口味。</blockquote></p><p> Miyazaki was floored by Scaringe's business model.</p><p><blockquote>宫崎骏被斯卡林格的商业模式所打动。</blockquote></p><p> \"Large-sized vehicles have a huge market in the U.S. because of their popularity, and I felt it was very rational since you could equip the vehicles with large-capacity batteries and extend driving ranges,\" said Miyazaki, who now heads Sumitomo's Beyond Mobility department.</p><p><blockquote>“大型车辆在美国拥有巨大的市场,因为它们很受欢迎,我觉得这是非常合理的,因为你可以为车辆配备大容量电池并延长行驶里程,”现任住友超越移动部门负责人宫崎说。</blockquote></p><p> Miyazaki immediately launched a due diligence review of Rivian with Tatsuo Ishibashi, a subordinate who now heads the Detroit office. The team discovered the startup had taken the unusual step of spending $16 million buying an Illinois plant from Mitsubishi Motors in early 2017.</p><p><blockquote>宫崎骏立即与下属石桥达夫(Tatsuo Ishibashi)一起启动了对Rivian的尽职调查审查,石桥达夫现在是底特律办事处的负责人。该团队发现,这家初创公司在 2017 年初采取了不同寻常的举措,斥资 1600 万美元从三菱汽车手中收购了伊利诺伊州的一家工厂。</blockquote></p><p> Mitsubishi Motors had originally invested 200 billion yen ($1.75 billion at current rates) in the assembly plant, which also handled engines, presswork and coating. The site has the capacity to turn out 250,000 vehicles a year.</p><p><blockquote>三菱汽车最初在装配厂投资了 2000 亿日元(按当前汇率计算为 17.5 亿美元),该装配厂还处理发动机、冲压和涂层。该工厂每年有能力生产25万辆汽车。</blockquote></p><p> \"This is a company that has a proper footing,\" Ishibashi thought of Rivian.</p><p><blockquote>“这是一家有适当基础的公司,”石桥想到Rivian。</blockquote></p><p> When Miyazaki and Ishibashi began negotiating with Scaringe, they were drawn to his personality. When a Sumitomo executive visited from the Tokyo home office to tour Rivian, Scaringe discussed his business strategy, balancing logic with passion.</p><p><blockquote>当宫崎和石桥开始与斯卡林格谈判时,他们被斯卡林格的个性所吸引。当住友的一位高管从东京总部来到Rivian参观时,斯卡林奇讨论了他的商业战略,在逻辑和激情之间取得了平衡。</blockquote></p><p> \"There may be times when a change in course is needed, but I felt we'd certainly arrive at solutions with Mr. Scaringe at the helm,\" said Miyazaki.</p><p><blockquote>“有时可能需要改变路线,但我觉得在斯卡林格先生的领导下,我们肯定会找到解决方案,”宫崎骏说。</blockquote></p><p> Sumitomo decided to invest in Rivian in October 2017, and the transaction closed that December. The Japanese group became the automaker's second corporate investor after ALJ.</p><p><blockquote>住友于2017年10月决定投资Rivian,交易于当年12月完成。这家日本集团成为该汽车制造商继 ALJ 之后的第二家企业投资者。</blockquote></p><p> Ishibashi relocated to Rivian's Detroit headquarters at the end of October 2017. A year later, Amazon.com founder Jeff Bezos came to observe the startup. Negotiations between Amazon and Rivian proceeded smoothly, and a $700 million infusion was announced just four months later, making Amazon the largest investor. Amazon also apparently ordered 100,000 all-electric delivery vehicles from Rivian.</p><p><blockquote>石桥于 2017 年 10 月底搬迁至 Rivian 底特律总部。一年后,亚马逊创始人杰夫·贝索斯前来观察这家初创公司。亚马逊和Rivian之间的谈判进展顺利,仅仅四个月后就宣布注资 7 亿美元,使亚马逊成为最大投资者。亚马逊显然还从Rivian订购了 10 万辆全电动送货车。</blockquote></p><p> After investing in Rivian, Sumitomo became an eager intermediary between the automaker and Japanese suppliers. But at the time, Tesla was experiencing problems with production, which caused players in the automotive supply chain to be wary of EV startups.</p><p><blockquote>在Rivian投资后,住友商事成为该汽车制造商和日本供应商之间热切的中间人。但当时,特斯拉在生产方面遇到了问题,这导致汽车供应链中的参与者对电动汽车初创公司保持警惕。</blockquote></p><p> Japanese suppliers were particularly unwilling to move forward on contract negotiations. Ishibashi's team arranged for Scaringe to personally meet with executives from Denso, Aisin and Panasonic so that they could hear his business model.</p><p><blockquote>日本供应商尤其不愿意推进合同谈判。石桥的团队安排斯卡林格亲自会见电装、爱信和松下的高管,让他们听听他的商业模式。</blockquote></p><p> Sumitomo also brokered discussions concerning post-mass production tie-ups. One automaker wanted to jointly use a charging system while a Japanese non-life insurance provider pitched a partnership for an insurance business, according to Sumitomo.</p><p><blockquote>住友还促成了有关量产后合作的讨论。据住友称,一家汽车制造商希望联合使用充电系统,而一家日本非人寿保险提供商则提出了保险业务合作伙伴关系。</blockquote></p><p></p><p> \"We're not planning to sell Rivian shares for the time being,\" said Ishibashi. \"As a shareholder, we intend to support [Rivian] in distribution and after-sales services outside the U.S. and take an active approach in our collaboration.\"</p><p><blockquote>“我们暂时不打算出售Rivian股票,”石桥说。“作为股东,我们打算支持[Rivian]在美国以外的分销和售后服务,并在合作中采取积极态度。”</blockquote></p><p> Rivian started delivering its R1T pickup this September, which sells for about $67,000. In its first quarterly report since the float, the company revealed that it made only $1 million in revenue in the July-September period. The net loss exceeded $1.2 billion.</p><p><blockquote>Rivian今年 9 月开始交付 R1T 皮卡,售价约为 67,000 美元。在上市以来的第一份季度报告中,该公司透露,7月至9月期间仅获得100万美元的收入。净亏损超过12亿美元。</blockquote></p><p> The semiconductor shortage this year limited production to about 1,000 vehicles. Rivian's next task is to develop an infrastructure for mass production.</p><p><blockquote>今年的半导体短缺将产量限制在约 1,000 辆。Rivian 的下一个任务是开发大规模生产的基础设施。</blockquote></p><p> On Dec. 16, the same day as the earnings report, Rivian announced it would build an additional assembly plant and expand the Illinois plant. The goal is to lift annual capacity to 600,000 units in 2024.</p><p><blockquote>12月16日,也就是财报发布的同一天,Rivian宣布将增建一家装配厂并扩建伊利诺伊州工厂。目标是到 2024 年将年产能提高到 60 万台。</blockquote></p><p> \"Manufacturing cars is really difficult,\" said Miyazaki. \"Moreover, I'd expect [Rivian] to face various barriers because it's a startup.\"</p><p><blockquote>“制造汽车真的很困难,”宫崎骏说。“此外,我预计[Rivian]将面临各种障碍,因为它是一家初创公司。”</blockquote></p><p> When Amazon invested in Rivian, the valuation of the startup was estimated at between $1 billion and $2 billion, giving it unicorn status. By the time the company ended its first day of trading on Nov. 10, its market capitalization stood at $85.9 billion. If a company with a valuation of $10 billion qualifies as a decacorn, then Rivian would be a superdecacorn.</p><p><blockquote>当亚马逊投资Rivian时,这家初创公司的估值估计在10亿至20亿美元之间,赋予了它独角兽的地位。当该公司于 11 月 10 日结束首个交易日时,其市值为 859 亿美元。如果一家估值100亿美元的公司有资格成为十角兽,那么Rivian将是超级十角兽。</blockquote></p><p> Sumitomo had not disclosed its investment amount, so Rivian's valuation in late 2017 was unclear. But if Amazon's investment is used as a starting point, Rivian's enterprise value would have multiplied 40 to more than 80 times over.</p><p><blockquote>住友尚未披露其投资金额,因此 Rivian 在 2017 年底的估值尚不清楚。但如果以亚马逊的投资为起点,Rivian 的企业价值将增加 40 倍到 80 多倍。</blockquote></p><p> Amid the soaring fortunes, Sumitomo President Masayuki Hyodo is keeping a cool head.</p><p><blockquote>在财富飙升的情况下,住友商事会长兵藤昌之保持着冷静的头脑。</blockquote></p><p> \"Making money off investments in startups is not the role of a trading company,\" said Hyodo. \"Rivian is a company that is very important to our EV platform. I can't speak to whether or not we'll make additional investments, but there is potential for all forms of collaboration.\"</p><p><blockquote>“从对初创企业的投资中赚钱不是贸易公司的职责,”兵户说。“Rivian是一家对我们的电动汽车平台非常重要的公司。我无法谈论我们是否会进行额外投资,但各种形式的合作都有潜力。”</blockquote></p><p> Rivian's share price once approached $180 -- more than twice its original offer price of $78. Since then, its price has tumbled to about $100. This largely stems from an announcement in late November that Ford Motor and Rivian were scrapping plans to jointly develop EVs. Ford owns 12% of Rivian.</p><p><blockquote>Rivian 的股价一度接近 180 美元,是其最初发行价 78 美元的两倍多。此后,其价格已跌至100美元左右。这主要源于 11 月底福特汽车公司和Rivian宣布放弃联合开发电动汽车的计划。福特拥有Rivian 12%的股份。</blockquote></p><p> American EV startups Nikola and Lordstown Motors were consumed by fraud scandals in 2020 and 2021, respectively. Their market caps fell to less than one sixth of their peak values. Although Sumitomo had the foresight to invest in Rivian early, the Japanese group's ability to further develop its close relationship with the startup will come under scrutiny.</p><p><blockquote>美国电动汽车初创公司 Nikola 和 Lordstown Motors 分别在 2020 年和 2021 年陷入欺诈丑闻。它们的市值下降到不到峰值的六分之一。尽管住友商事株式会社很早就有远见投资Rivian,但这家日本集团进一步发展与这家初创公司密切关系的能力将受到审查。</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>Sumitomo wins big with early bet on EV startup Rivian<blockquote>住友商事株式会社早期押注电动汽车初创公司Rivian,大获全胜</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\">\nSumitomo wins big with early bet on EV startup Rivian<blockquote>住友商事株式会社早期押注电动汽车初创公司Rivian,大获全胜</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Nikkei Asia</strong><span class=\"h-time small\">2021-12-24 11:09</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Once-secretive automaker now worth almost 100 times its original value</p><p><blockquote>曾经神秘的汽车制造商现在价值几乎是其原始价值的 100 倍</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b7e054c0ad4260b9074fbdd6c0947731\" tg-width=\"1400\" tg-height=\"788\" width=\"100%\" height=\"auto\"><span>A Rivian R1T all-electric truck in Times Square in New York on Nov. 10, the automaker's first day of trading. © AP</span></p><p><blockquote><p class=\"t-img-caption\"><span>11 月 10 日,一辆Rivian R1T 全电动卡车出现在纽约时代广场,这是该汽车制造商上市的第一天。©美联社</span></p></blockquote></p><p> TOKYO -- In the spring of 2017, a Saudi business associate made an intriguing proposal to Yoshito Miyazaki, an executive at Japanese trading house Sumitomo Corp., asking if he would like to invest in an interesting electric vehicle startup together.</p><p><blockquote>东京——2017 年春天,一位沙特商业伙伴向日本贸易公司住友商事株式会社 (Sumitomo Corp.) 的高管宫崎骏 (Yoshito Miyazaki) 提出了一个有趣的提议,询问他是否愿意一起投资一家有趣的电动汽车初创公司。</blockquote></p><p> The target of the pitch was Rivian Automotive, which at the time was still operating in stealth mode with hardly any information to its name. The CEO of the outfit, R.J. Scaringe, maintained an especially low profile.</p><p><blockquote>此次推介的目标是Rivian汽车公司,该公司当时仍在秘密模式下运营,几乎没有任何关于其名称的信息。该公司的首席执行官R.J。斯卡林格保持着特别低调的姿态。</blockquote></p><p> What a difference four years make. Now Rivian's market capitalization hovers at about $100 billion following its debut on Nasdaq in November. Rivian's value has grown by a magnitude of nearly 100, and Sumitomo was one of the investors that got in on the ground floor.</p><p><blockquote>四年有多大的不同。自 11 月在纳斯达克首次亮相以来,Rivian 的市值目前徘徊在 1000 亿美元左右。Rivian 的价值增长了近 100 倍,住友是进入底层的投资者之一。</blockquote></p><p> The business associate, an executive at Saudi conglomerate Abdul Latif Jameel, had been visiting the U.S. when he met with Miyazaki, then the general manager of Sumitomo's Detroit office. Sumitomo and ALJ operate a joint-venture construction equipment distributor in Saudi Arabia, and the two companies were looking for other collaborative opportunities in the U.S.</p><p><blockquote>这位商业伙伴是沙特企业集团阿卜杜勒·拉蒂夫·贾米尔(Abdul Latif Jameel)的一名高管,当时他正在美国访问,会见了时任住友底特律办事处总经理的宫崎。住友和ALJ在沙特阿拉伯经营一家合资建筑设备分销商,两家公司正在美国寻找其他合作机会。</blockquote></p><p> It was then that Miyazaki heard Scaringe was going to make his first public appearance, at a town meeting hosted by the Original Equipment Suppliers Association at a venue not far from Detroit.</p><p><blockquote>就在那时,宫崎听说斯卡林格将首次公开露面,在离底特律不远的一个地方,由原始设备供应商协会主办的一个城镇会议上。</blockquote></p><p> At the event, Scaringe made a passionate case for developing large EVs, a \"white space\" where competition was scarce. His plan was to roll out a sport utility vehicle and a pickup truck by approximately 2020. Rivian would leverage the new brand image to secure more funding, which would then be used to develop shared EVs and fully autonomous driving technology by 2023.</p><p><blockquote>在活动中,Scaringe 热情地提出了开发大型电动汽车的理由,这是一个竞争稀少的“白色空间”。他的计划是在 2020 年左右推出运动型多功能车和皮卡车。Rivian将利用新的品牌形象来获得更多资金,然后用于到 2023 年开发共享电动汽车和全自动驾驶技术。</blockquote></p><p> Many EV startups who bill themselves as the next Tesla pour their resources into developing sports cars. However, Scaringe demonstrated he was quick to pick up on shifting consumer tastes while maintaining a focus on next-generation technology.</p><p><blockquote>许多自诩为下一个特斯拉的电动汽车初创公司将资源投入到开发跑车上。然而,Scaringe证明了他在保持对下一代技术的关注的同时,很快就适应了不断变化的消费者口味。</blockquote></p><p> Miyazaki was floored by Scaringe's business model.</p><p><blockquote>宫崎骏被斯卡林格的商业模式所打动。</blockquote></p><p> \"Large-sized vehicles have a huge market in the U.S. because of their popularity, and I felt it was very rational since you could equip the vehicles with large-capacity batteries and extend driving ranges,\" said Miyazaki, who now heads Sumitomo's Beyond Mobility department.</p><p><blockquote>“大型车辆在美国拥有巨大的市场,因为它们很受欢迎,我觉得这是非常合理的,因为你可以为车辆配备大容量电池并延长行驶里程,”现任住友超越移动部门负责人宫崎说。</blockquote></p><p> Miyazaki immediately launched a due diligence review of Rivian with Tatsuo Ishibashi, a subordinate who now heads the Detroit office. The team discovered the startup had taken the unusual step of spending $16 million buying an Illinois plant from Mitsubishi Motors in early 2017.</p><p><blockquote>宫崎骏立即与下属石桥达夫(Tatsuo Ishibashi)一起启动了对Rivian的尽职调查审查,石桥达夫现在是底特律办事处的负责人。该团队发现,这家初创公司在 2017 年初采取了不同寻常的举措,斥资 1600 万美元从三菱汽车手中收购了伊利诺伊州的一家工厂。</blockquote></p><p> Mitsubishi Motors had originally invested 200 billion yen ($1.75 billion at current rates) in the assembly plant, which also handled engines, presswork and coating. The site has the capacity to turn out 250,000 vehicles a year.</p><p><blockquote>三菱汽车最初在装配厂投资了 2000 亿日元(按当前汇率计算为 17.5 亿美元),该装配厂还处理发动机、冲压和涂层。该工厂每年有能力生产25万辆汽车。</blockquote></p><p> \"This is a company that has a proper footing,\" Ishibashi thought of Rivian.</p><p><blockquote>“这是一家有适当基础的公司,”石桥想到Rivian。</blockquote></p><p> When Miyazaki and Ishibashi began negotiating with Scaringe, they were drawn to his personality. When a Sumitomo executive visited from the Tokyo home office to tour Rivian, Scaringe discussed his business strategy, balancing logic with passion.</p><p><blockquote>当宫崎和石桥开始与斯卡林格谈判时,他们被斯卡林格的个性所吸引。当住友的一位高管从东京总部来到Rivian参观时,斯卡林奇讨论了他的商业战略,在逻辑和激情之间取得了平衡。</blockquote></p><p> \"There may be times when a change in course is needed, but I felt we'd certainly arrive at solutions with Mr. Scaringe at the helm,\" said Miyazaki.</p><p><blockquote>“有时可能需要改变路线,但我觉得在斯卡林格先生的领导下,我们肯定会找到解决方案,”宫崎骏说。</blockquote></p><p> Sumitomo decided to invest in Rivian in October 2017, and the transaction closed that December. The Japanese group became the automaker's second corporate investor after ALJ.</p><p><blockquote>住友于2017年10月决定投资Rivian,交易于当年12月完成。这家日本集团成为该汽车制造商继 ALJ 之后的第二家企业投资者。</blockquote></p><p> Ishibashi relocated to Rivian's Detroit headquarters at the end of October 2017. A year later, Amazon.com founder Jeff Bezos came to observe the startup. Negotiations between Amazon and Rivian proceeded smoothly, and a $700 million infusion was announced just four months later, making Amazon the largest investor. Amazon also apparently ordered 100,000 all-electric delivery vehicles from Rivian.</p><p><blockquote>石桥于 2017 年 10 月底搬迁至 Rivian 底特律总部。一年后,亚马逊创始人杰夫·贝索斯前来观察这家初创公司。亚马逊和Rivian之间的谈判进展顺利,仅仅四个月后就宣布注资 7 亿美元,使亚马逊成为最大投资者。亚马逊显然还从Rivian订购了 10 万辆全电动送货车。</blockquote></p><p> After investing in Rivian, Sumitomo became an eager intermediary between the automaker and Japanese suppliers. But at the time, Tesla was experiencing problems with production, which caused players in the automotive supply chain to be wary of EV startups.</p><p><blockquote>在Rivian投资后,住友商事成为该汽车制造商和日本供应商之间热切的中间人。但当时,特斯拉在生产方面遇到了问题,这导致汽车供应链中的参与者对电动汽车初创公司保持警惕。</blockquote></p><p> Japanese suppliers were particularly unwilling to move forward on contract negotiations. Ishibashi's team arranged for Scaringe to personally meet with executives from Denso, Aisin and Panasonic so that they could hear his business model.</p><p><blockquote>日本供应商尤其不愿意推进合同谈判。石桥的团队安排斯卡林格亲自会见电装、爱信和松下的高管,让他们听听他的商业模式。</blockquote></p><p> Sumitomo also brokered discussions concerning post-mass production tie-ups. One automaker wanted to jointly use a charging system while a Japanese non-life insurance provider pitched a partnership for an insurance business, according to Sumitomo.</p><p><blockquote>住友还促成了有关量产后合作的讨论。据住友称,一家汽车制造商希望联合使用充电系统,而一家日本非人寿保险提供商则提出了保险业务合作伙伴关系。</blockquote></p><p></p><p> \"We're not planning to sell Rivian shares for the time being,\" said Ishibashi. \"As a shareholder, we intend to support [Rivian] in distribution and after-sales services outside the U.S. and take an active approach in our collaboration.\"</p><p><blockquote>“我们暂时不打算出售Rivian股票,”石桥说。“作为股东,我们打算支持[Rivian]在美国以外的分销和售后服务,并在合作中采取积极态度。”</blockquote></p><p> Rivian started delivering its R1T pickup this September, which sells for about $67,000. In its first quarterly report since the float, the company revealed that it made only $1 million in revenue in the July-September period. The net loss exceeded $1.2 billion.</p><p><blockquote>Rivian今年 9 月开始交付 R1T 皮卡,售价约为 67,000 美元。在上市以来的第一份季度报告中,该公司透露,7月至9月期间仅获得100万美元的收入。净亏损超过12亿美元。</blockquote></p><p> The semiconductor shortage this year limited production to about 1,000 vehicles. Rivian's next task is to develop an infrastructure for mass production.</p><p><blockquote>今年的半导体短缺将产量限制在约 1,000 辆。Rivian 的下一个任务是开发大规模生产的基础设施。</blockquote></p><p> On Dec. 16, the same day as the earnings report, Rivian announced it would build an additional assembly plant and expand the Illinois plant. The goal is to lift annual capacity to 600,000 units in 2024.</p><p><blockquote>12月16日,也就是财报发布的同一天,Rivian宣布将增建一家装配厂并扩建伊利诺伊州工厂。目标是到 2024 年将年产能提高到 60 万台。</blockquote></p><p> \"Manufacturing cars is really difficult,\" said Miyazaki. \"Moreover, I'd expect [Rivian] to face various barriers because it's a startup.\"</p><p><blockquote>“制造汽车真的很困难,”宫崎骏说。“此外,我预计[Rivian]将面临各种障碍,因为它是一家初创公司。”</blockquote></p><p> When Amazon invested in Rivian, the valuation of the startup was estimated at between $1 billion and $2 billion, giving it unicorn status. By the time the company ended its first day of trading on Nov. 10, its market capitalization stood at $85.9 billion. If a company with a valuation of $10 billion qualifies as a decacorn, then Rivian would be a superdecacorn.</p><p><blockquote>当亚马逊投资Rivian时,这家初创公司的估值估计在10亿至20亿美元之间,赋予了它独角兽的地位。当该公司于 11 月 10 日结束首个交易日时,其市值为 859 亿美元。如果一家估值100亿美元的公司有资格成为十角兽,那么Rivian将是超级十角兽。</blockquote></p><p> Sumitomo had not disclosed its investment amount, so Rivian's valuation in late 2017 was unclear. But if Amazon's investment is used as a starting point, Rivian's enterprise value would have multiplied 40 to more than 80 times over.</p><p><blockquote>住友尚未披露其投资金额,因此 Rivian 在 2017 年底的估值尚不清楚。但如果以亚马逊的投资为起点,Rivian 的企业价值将增加 40 倍到 80 多倍。</blockquote></p><p> Amid the soaring fortunes, Sumitomo President Masayuki Hyodo is keeping a cool head.</p><p><blockquote>在财富飙升的情况下,住友商事会长兵藤昌之保持着冷静的头脑。</blockquote></p><p> \"Making money off investments in startups is not the role of a trading company,\" said Hyodo. \"Rivian is a company that is very important to our EV platform. I can't speak to whether or not we'll make additional investments, but there is potential for all forms of collaboration.\"</p><p><blockquote>“从对初创企业的投资中赚钱不是贸易公司的职责,”兵户说。“Rivian是一家对我们的电动汽车平台非常重要的公司。我无法谈论我们是否会进行额外投资,但各种形式的合作都有潜力。”</blockquote></p><p> Rivian's share price once approached $180 -- more than twice its original offer price of $78. Since then, its price has tumbled to about $100. This largely stems from an announcement in late November that Ford Motor and Rivian were scrapping plans to jointly develop EVs. Ford owns 12% of Rivian.</p><p><blockquote>Rivian 的股价一度接近 180 美元,是其最初发行价 78 美元的两倍多。此后,其价格已跌至100美元左右。这主要源于 11 月底福特汽车公司和Rivian宣布放弃联合开发电动汽车的计划。福特拥有Rivian 12%的股份。</blockquote></p><p> American EV startups Nikola and Lordstown Motors were consumed by fraud scandals in 2020 and 2021, respectively. Their market caps fell to less than one sixth of their peak values. Although Sumitomo had the foresight to invest in Rivian early, the Japanese group's ability to further develop its close relationship with the startup will come under scrutiny.</p><p><blockquote>美国电动汽车初创公司 Nikola 和 Lordstown Motors 分别在 2020 年和 2021 年陷入欺诈丑闻。它们的市值下降到不到峰值的六分之一。尽管住友商事株式会社很早就有远见投资Rivian,但这家日本集团进一步发展与这家初创公司密切关系的能力将受到审查。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://asia.nikkei.com/Business/Startups/Sumitomo-wins-big-with-early-bet-on-EV-startup-Rivian\">Nikkei Asia</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":{"RIVN":"Rivian Automotive, Inc."},"source_url":"https://asia.nikkei.com/Business/Startups/Sumitomo-wins-big-with-early-bet-on-EV-startup-Rivian","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1163369412","content_text":"Once-secretive automaker now worth almost 100 times its original value\nA Rivian R1T all-electric truck in Times Square in New York on Nov. 10, the automaker's first day of trading. © AP\nTOKYO -- In the spring of 2017, a Saudi business associate made an intriguing proposal to Yoshito Miyazaki, an executive at Japanese trading house Sumitomo Corp., asking if he would like to invest in an interesting electric vehicle startup together.\nThe target of the pitch was Rivian Automotive, which at the time was still operating in stealth mode with hardly any information to its name. The CEO of the outfit, R.J. Scaringe, maintained an especially low profile.\nWhat a difference four years make. Now Rivian's market capitalization hovers at about $100 billion following its debut on Nasdaq in November. Rivian's value has grown by a magnitude of nearly 100, and Sumitomo was one of the investors that got in on the ground floor.\nThe business associate, an executive at Saudi conglomerate Abdul Latif Jameel, had been visiting the U.S. when he met with Miyazaki, then the general manager of Sumitomo's Detroit office. Sumitomo and ALJ operate a joint-venture construction equipment distributor in Saudi Arabia, and the two companies were looking for other collaborative opportunities in the U.S.\nIt was then that Miyazaki heard Scaringe was going to make his first public appearance, at a town meeting hosted by the Original Equipment Suppliers Association at a venue not far from Detroit.\nAt the event, Scaringe made a passionate case for developing large EVs, a \"white space\" where competition was scarce. His plan was to roll out a sport utility vehicle and a pickup truck by approximately 2020. Rivian would leverage the new brand image to secure more funding, which would then be used to develop shared EVs and fully autonomous driving technology by 2023.\nMany EV startups who bill themselves as the next Tesla pour their resources into developing sports cars. However, Scaringe demonstrated he was quick to pick up on shifting consumer tastes while maintaining a focus on next-generation technology.\nMiyazaki was floored by Scaringe's business model.\n\"Large-sized vehicles have a huge market in the U.S. because of their popularity, and I felt it was very rational since you could equip the vehicles with large-capacity batteries and extend driving ranges,\" said Miyazaki, who now heads Sumitomo's Beyond Mobility department.\nMiyazaki immediately launched a due diligence review of Rivian with Tatsuo Ishibashi, a subordinate who now heads the Detroit office. The team discovered the startup had taken the unusual step of spending $16 million buying an Illinois plant from Mitsubishi Motors in early 2017.\nMitsubishi Motors had originally invested 200 billion yen ($1.75 billion at current rates) in the assembly plant, which also handled engines, presswork and coating. The site has the capacity to turn out 250,000 vehicles a year.\n\"This is a company that has a proper footing,\" Ishibashi thought of Rivian.\nWhen Miyazaki and Ishibashi began negotiating with Scaringe, they were drawn to his personality. When a Sumitomo executive visited from the Tokyo home office to tour Rivian, Scaringe discussed his business strategy, balancing logic with passion.\n\"There may be times when a change in course is needed, but I felt we'd certainly arrive at solutions with Mr. Scaringe at the helm,\" said Miyazaki.\nSumitomo decided to invest in Rivian in October 2017, and the transaction closed that December. The Japanese group became the automaker's second corporate investor after ALJ.\nIshibashi relocated to Rivian's Detroit headquarters at the end of October 2017. A year later, Amazon.com founder Jeff Bezos came to observe the startup. Negotiations between Amazon and Rivian proceeded smoothly, and a $700 million infusion was announced just four months later, making Amazon the largest investor. Amazon also apparently ordered 100,000 all-electric delivery vehicles from Rivian.\nAfter investing in Rivian, Sumitomo became an eager intermediary between the automaker and Japanese suppliers. But at the time, Tesla was experiencing problems with production, which caused players in the automotive supply chain to be wary of EV startups.\nJapanese suppliers were particularly unwilling to move forward on contract negotiations. Ishibashi's team arranged for Scaringe to personally meet with executives from Denso, Aisin and Panasonic so that they could hear his business model.\nSumitomo also brokered discussions concerning post-mass production tie-ups. One automaker wanted to jointly use a charging system while a Japanese non-life insurance provider pitched a partnership for an insurance business, according to Sumitomo.\n\"We're not planning to sell Rivian shares for the time being,\" said Ishibashi. \"As a shareholder, we intend to support [Rivian] in distribution and after-sales services outside the U.S. and take an active approach in our collaboration.\"\nRivian started delivering its R1T pickup this September, which sells for about $67,000. In its first quarterly report since the float, the company revealed that it made only $1 million in revenue in the July-September period. The net loss exceeded $1.2 billion.\nThe semiconductor shortage this year limited production to about 1,000 vehicles. Rivian's next task is to develop an infrastructure for mass production.\nOn Dec. 16, the same day as the earnings report, Rivian announced it would build an additional assembly plant and expand the Illinois plant. The goal is to lift annual capacity to 600,000 units in 2024.\n\"Manufacturing cars is really difficult,\" said Miyazaki. \"Moreover, I'd expect [Rivian] to face various barriers because it's a startup.\"\nWhen Amazon invested in Rivian, the valuation of the startup was estimated at between $1 billion and $2 billion, giving it unicorn status. By the time the company ended its first day of trading on Nov. 10, its market capitalization stood at $85.9 billion. If a company with a valuation of $10 billion qualifies as a decacorn, then Rivian would be a superdecacorn.\nSumitomo had not disclosed its investment amount, so Rivian's valuation in late 2017 was unclear. But if Amazon's investment is used as a starting point, Rivian's enterprise value would have multiplied 40 to more than 80 times over.\nAmid the soaring fortunes, Sumitomo President Masayuki Hyodo is keeping a cool head.\n\"Making money off investments in startups is not the role of a trading company,\" said Hyodo. \"Rivian is a company that is very important to our EV platform. I can't speak to whether or not we'll make additional investments, but there is potential for all forms of collaboration.\"\nRivian's share price once approached $180 -- more than twice its original offer price of $78. Since then, its price has tumbled to about $100. This largely stems from an announcement in late November that Ford Motor and Rivian were scrapping plans to jointly develop EVs. Ford owns 12% of Rivian.\nAmerican EV startups Nikola and Lordstown Motors were consumed by fraud scandals in 2020 and 2021, respectively. Their market caps fell to less than one sixth of their peak values. Although Sumitomo had the foresight to invest in Rivian early, the Japanese group's ability to further develop its close relationship with the startup will come under scrutiny.","news_type":1,"symbols_score_info":{"RIVN":0}},"isVote":1,"tweetType":1,"viewCount":3165,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":691284592,"gmtCreate":1640207439276,"gmtModify":1640207439831,"author":{"id":"3572077804076143","authorId":"3572077804076143","name":"Yappy","avatar":"https://static.tigerbbs.com/ab4d89913ade03f15c782b99132ba22f","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572077804076143","idStr":"3572077804076143"},"themes":[],"title":"","htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/691284592","repostId":"1169752126","repostType":4,"repost":{"id":"1169752126","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga Earnings","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1640186708,"share":"https://www.laohunote.com/m/news/1169752126?lang=zh_CN&edition=full","pubTime":"2021-12-22 23:25","market":"us","language":"en","title":"Why Paychex Shares Are Making New All-Time Highs Today<blockquote>为什么 Paychex 股价今天创下历史新高</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1169752126","media":"Benzinga Earnings","summary":"Paychex Inc is trading higher Wednesday after the company announced better-than-expected fiscal seco","content":"<p><b>Paychex Inc</b> is trading higher Wednesday after the company announced better-than-expected fiscal second-quarter 2022 financial results.</p><p><blockquote><b>Paychex公司</b>该公司公布好于预期的 2022 年第二季度财务业绩后,周三股价走高。</blockquote></p><p> Paychex reported quarterly adjusted earnings of 91 cents per share, which beat the estimate of 80 cents per share. The company reported quarterly revenue of $1.11 billion, which beat the estimate of $1.06 billion.</p><p><blockquote>Paychex 报告季度调整后每股收益为 91 美分,超出了每股 80 美分的预期。该公司公布季度收入为 11.1 亿美元,超出预期的 10.6 亿美元。</blockquote></p><p> Paychex said it expects fiscal-year 2022 revenue growth of 10% to 11%.</p><p><blockquote>Paychex 表示,预计 2022 财年收入增长 10% 至 11%。</blockquote></p><p> \"We posted strong financial results for the second quarter of fiscal 2022, with growth of 13% in total revenue and 21% in diluted earnings per share. Results were driven by growth in employees within our client base and continued strong sales growth and client retention,\" said <b>Martin Mucci</b>, chairman and CEO of Paychex.</p><p><blockquote>“我们公布了 2022 财年第二季度强劲的财务业绩,总收入增长 13%,稀释每股收益增长 21%。业绩得益于客户群员工的增长以及持续强劲的销售增长和客户保留率,”他说<b>马丁·穆奇</b>Paychex 董事长兼首席执行官。</blockquote></p><p> Paychex is a leading provider of payroll, human capital management and insurance solutions servicing small and midsize clients primarily in the United States.</p><p><blockquote>Paychex是一家领先的薪资、人力资本管理和保险解决方案提供商,主要为美国的中小型客户提供服务。</blockquote></p><p> <b>PAYX Price Action:</b>Paychex has traded as low as $85.30 over a 52-week period. It's making new 52-week highs during Wednesday's trading session.</p><p><blockquote><b>PAYX价格走势:</b>Paychex 在 52 周内的交易价格低至 85.30 美元。在周三的交易时段,它创下了 52 周新高。</blockquote></p><p> The stock was up 5.54% at $133.44.</p><p><blockquote>该股上涨 5.54%,至 133.44 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>Why Paychex Shares Are Making New All-Time Highs Today<blockquote>为什么 Paychex 股价今天创下历史新高</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 Paychex Shares Are Making New All-Time Highs Today<blockquote>为什么 Paychex 股价今天创下历史新高</blockquote>\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga Earnings </p>\n<p class=\"h-time smaller\">2021-12-22 23:25</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p><b>Paychex Inc</b> is trading higher Wednesday after the company announced better-than-expected fiscal second-quarter 2022 financial results.</p><p><blockquote><b>Paychex公司</b>该公司公布好于预期的 2022 年第二季度财务业绩后,周三股价走高。</blockquote></p><p> Paychex reported quarterly adjusted earnings of 91 cents per share, which beat the estimate of 80 cents per share. The company reported quarterly revenue of $1.11 billion, which beat the estimate of $1.06 billion.</p><p><blockquote>Paychex 报告季度调整后每股收益为 91 美分,超出了每股 80 美分的预期。该公司公布季度收入为 11.1 亿美元,超出预期的 10.6 亿美元。</blockquote></p><p> Paychex said it expects fiscal-year 2022 revenue growth of 10% to 11%.</p><p><blockquote>Paychex 表示,预计 2022 财年收入增长 10% 至 11%。</blockquote></p><p> \"We posted strong financial results for the second quarter of fiscal 2022, with growth of 13% in total revenue and 21% in diluted earnings per share. Results were driven by growth in employees within our client base and continued strong sales growth and client retention,\" said <b>Martin Mucci</b>, chairman and CEO of Paychex.</p><p><blockquote>“我们公布了 2022 财年第二季度强劲的财务业绩,总收入增长 13%,稀释每股收益增长 21%。业绩得益于客户群员工的增长以及持续强劲的销售增长和客户保留率,”他说<b>马丁·穆奇</b>Paychex 董事长兼首席执行官。</blockquote></p><p> Paychex is a leading provider of payroll, human capital management and insurance solutions servicing small and midsize clients primarily in the United States.</p><p><blockquote>Paychex是一家领先的薪资、人力资本管理和保险解决方案提供商,主要为美国的中小型客户提供服务。</blockquote></p><p> <b>PAYX Price Action:</b>Paychex has traded as low as $85.30 over a 52-week period. It's making new 52-week highs during Wednesday's trading session.</p><p><blockquote><b>PAYX价格走势:</b>Paychex 在 52 周内的交易价格低至 85.30 美元。在周三的交易时段,它创下了 52 周新高。</blockquote></p><p> The stock was up 5.54% at $133.44.</p><p><blockquote>该股上涨 5.54%,至 133.44 美元。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PAYX":"沛齐"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1169752126","content_text":"Paychex Inc is trading higher Wednesday after the company announced better-than-expected fiscal second-quarter 2022 financial results.\nPaychex reported quarterly adjusted earnings of 91 cents per share, which beat the estimate of 80 cents per share. The company reported quarterly revenue of $1.11 billion, which beat the estimate of $1.06 billion.\nPaychex said it expects fiscal-year 2022 revenue growth of 10% to 11%.\n\"We posted strong financial results for the second quarter of fiscal 2022, with growth of 13% in total revenue and 21% in diluted earnings per share. Results were driven by growth in employees within our client base and continued strong sales growth and client retention,\" said Martin Mucci, chairman and CEO of Paychex.\nPaychex is a leading provider of payroll, human capital management and insurance solutions servicing small and midsize clients primarily in the United States.\nPAYX Price Action:Paychex has traded as low as $85.30 over a 52-week period. It's making new 52-week highs during Wednesday's trading session.\nThe stock was up 5.54% at $133.44.","news_type":1,"symbols_score_info":{"PAYX":0.9}},"isVote":1,"tweetType":1,"viewCount":1521,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":691109624,"gmtCreate":1640142793341,"gmtModify":1640142793879,"author":{"id":"3572077804076143","authorId":"3572077804076143","name":"Yappy","avatar":"https://static.tigerbbs.com/ab4d89913ade03f15c782b99132ba22f","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572077804076143","idStr":"3572077804076143"},"themes":[],"title":"","htmlText":"Well done","listText":"Well done","text":"Well done","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/691109624","repostId":"1175963832","repostType":4,"isVote":1,"tweetType":1,"viewCount":1247,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":691378690,"gmtCreate":1640142216053,"gmtModify":1640142222099,"author":{"id":"3572077804076143","authorId":"3572077804076143","name":"Yappy","avatar":"https://static.tigerbbs.com/ab4d89913ade03f15c782b99132ba22f","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572077804076143","idStr":"3572077804076143"},"themes":[],"title":"","htmlText":"Up up up ","listText":"Up up up ","text":"Up up up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/691378690","repostId":"1122685744","repostType":2,"repost":{"id":"1122685744","kind":"news","pubTimestamp":1640139942,"share":"https://www.laohunote.com/m/news/1122685744?lang=zh_CN&edition=full","pubTime":"2021-12-22 10:25","market":"us","language":"en","title":"Why Tesla Stock Jumped on Tuesday<blockquote>为什么特斯拉股价周二上涨</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1122685744","media":"Motley Fool","summary":"What happened\nShares of Tesla(NASDAQ:TSLA)jumped on Tuesday, rising 4.29% today.\nThe stock's gain wa","content":"<p>What happened</p><p><blockquote>发生了什么事</blockquote></p><p> Shares of <b>Tesla</b>(NASDAQ:TSLA)jumped on Tuesday, rising 4.29% today.</p><p><blockquote>股份<b>特斯拉</b>(纳斯达克股票代码:TSLA)周二上涨,今日上涨4.29%。</blockquote></p><p> The stock's gain was likely primarily driven by an upbeat day in the overall market -- especially for growth stocks like Tesla.</p><p><blockquote>该股的上涨可能主要是由整体市场乐观的一天推动的,尤其是特斯拉等成长型股票。</blockquote></p><p> So what</p><p><blockquote>那又怎样</blockquote></p><p> Capturing optimism in the overall market on Tuesday, the <b>S&P 500</b> was up 1.78% today. The tech-heavy <b>Nasdaq Composite</b>, however, was up 2.4%. Many growth stocks like Tesla were up several percentage points or more, rebounding some from a sharp sell-off earlier this month.</p><p><blockquote>周二,整个市场充满乐观情绪,<b>标普500</b>今天上涨1.78%。科技密集型<b>纳斯达克复合材料</b>然而,上涨了 2.4%。特斯拉等许多成长型股票上涨了几个百分点或更多,其中一些股票从本月早些时候的大幅抛售中反弹。</blockquote></p><p> Tesla stock's gain today represents a bit of a rebound from a steep sell-off recently. Even including today's gain, the stock has slid 25% from a high of more than $1,243 just a few months ago.</p><p><blockquote>特斯拉股票今天的上涨代表了从最近的大幅抛售中的一点反弹。即使算上今天的涨幅,该股也已从几个月前超过 1,243 美元的高点下跌了 25%。</blockquote></p><p> Now what</p><p><blockquote>现在呢</blockquote></p><p> As the year wraps up, Tesla investors have the company's fourth-quarter vehicle deliveries to look forward to. While the challenging global supply chain and logistics environment that Tesla is operating in makes it difficult to forecast the quarter, analysts are expecting record deliveries during the period. But a wide range of outcomes are possible.</p><p><blockquote>随着年底的结束,特斯拉投资者可以期待该公司第四季度的汽车交付量。尽管特斯拉运营所处的全球供应链和物流环境充满挑战,因此很难预测本季度的业绩,但分析师预计在此期间的交付量将创纪录。但是各种各样的结果都是可能的。</blockquote></p><p> Tesla delivered 241,391 vehicles in its third quarter, representing 73% year-over-year growth. For the current quarter, analysts generally expect 260,000 or more deliveries. This would put total deliveries for the year at over 887,000 -- far higher than the 500,000 vehicles the company delivered in 2020.</p><p><blockquote>特斯拉第三季度交付汽车241,391辆,同比增长73%。对于本季度,分析师普遍预计交付量为 260,000 辆或更多。这将使今年的总交付量超过 887,000 辆,远高于该公司 2020 年交付的 500,000 辆汽车。</blockquote></p><p> The company usually posts its quarterly deliveries within three calendar days of each quarter's end, or somewhere around Jan. 1 to Jan. 3 for Tesla's Q4.</p><p><blockquote>该公司通常在每个季度结束后的三个日历日内发布季度交付情况,或者特斯拉第四季度的 1 月 1 日至 1 月 3 日左右发布季度交付情况。</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 Tesla Stock Jumped on Tuesday<blockquote>为什么特斯拉股价周二上涨</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 Tesla Stock Jumped on Tuesday<blockquote>为什么特斯拉股价周二上涨</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Motley Fool</strong><span class=\"h-time small\">2021-12-22 10:25</span>\n</p>\n</h4>\n</header>\n<article>\n<p>What happened</p><p><blockquote>发生了什么事</blockquote></p><p> Shares of <b>Tesla</b>(NASDAQ:TSLA)jumped on Tuesday, rising 4.29% today.</p><p><blockquote>股份<b>特斯拉</b>(纳斯达克股票代码:TSLA)周二上涨,今日上涨4.29%。</blockquote></p><p> The stock's gain was likely primarily driven by an upbeat day in the overall market -- especially for growth stocks like Tesla.</p><p><blockquote>该股的上涨可能主要是由整体市场乐观的一天推动的,尤其是特斯拉等成长型股票。</blockquote></p><p> So what</p><p><blockquote>那又怎样</blockquote></p><p> Capturing optimism in the overall market on Tuesday, the <b>S&P 500</b> was up 1.78% today. The tech-heavy <b>Nasdaq Composite</b>, however, was up 2.4%. Many growth stocks like Tesla were up several percentage points or more, rebounding some from a sharp sell-off earlier this month.</p><p><blockquote>周二,整个市场充满乐观情绪,<b>标普500</b>今天上涨1.78%。科技密集型<b>纳斯达克复合材料</b>然而,上涨了 2.4%。特斯拉等许多成长型股票上涨了几个百分点或更多,其中一些股票从本月早些时候的大幅抛售中反弹。</blockquote></p><p> Tesla stock's gain today represents a bit of a rebound from a steep sell-off recently. Even including today's gain, the stock has slid 25% from a high of more than $1,243 just a few months ago.</p><p><blockquote>特斯拉股票今天的上涨代表了从最近的大幅抛售中的一点反弹。即使算上今天的涨幅,该股也已从几个月前超过 1,243 美元的高点下跌了 25%。</blockquote></p><p> Now what</p><p><blockquote>现在呢</blockquote></p><p> As the year wraps up, Tesla investors have the company's fourth-quarter vehicle deliveries to look forward to. While the challenging global supply chain and logistics environment that Tesla is operating in makes it difficult to forecast the quarter, analysts are expecting record deliveries during the period. But a wide range of outcomes are possible.</p><p><blockquote>随着年底的结束,特斯拉投资者可以期待该公司第四季度的汽车交付量。尽管特斯拉运营所处的全球供应链和物流环境充满挑战,因此很难预测本季度的业绩,但分析师预计在此期间的交付量将创纪录。但是各种各样的结果都是可能的。</blockquote></p><p> Tesla delivered 241,391 vehicles in its third quarter, representing 73% year-over-year growth. For the current quarter, analysts generally expect 260,000 or more deliveries. This would put total deliveries for the year at over 887,000 -- far higher than the 500,000 vehicles the company delivered in 2020.</p><p><blockquote>特斯拉第三季度交付汽车241,391辆,同比增长73%。对于本季度,分析师普遍预计交付量为 260,000 辆或更多。这将使今年的总交付量超过 887,000 辆,远高于该公司 2020 年交付的 500,000 辆汽车。</blockquote></p><p> The company usually posts its quarterly deliveries within three calendar days of each quarter's end, or somewhere around Jan. 1 to Jan. 3 for Tesla's Q4.</p><p><blockquote>该公司通常在每个季度结束后的三个日历日内发布季度交付情况,或者特斯拉第四季度的 1 月 1 日至 1 月 3 日左右发布季度交付情况。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://www.fool.com/investing/2021/12/21/why-tesla-stock-jumped-on-tuesday/\">Motley Fool</a></p>\n<p>为提升您的阅读体验,我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.fool.com/investing/2021/12/21/why-tesla-stock-jumped-on-tuesday/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1122685744","content_text":"What happened\nShares of Tesla(NASDAQ:TSLA)jumped on Tuesday, rising 4.29% today.\nThe stock's gain was likely primarily driven by an upbeat day in the overall market -- especially for growth stocks like Tesla.\nSo what\nCapturing optimism in the overall market on Tuesday, the S&P 500 was up 1.78% today. The tech-heavy Nasdaq Composite, however, was up 2.4%. Many growth stocks like Tesla were up several percentage points or more, rebounding some from a sharp sell-off earlier this month.\nTesla stock's gain today represents a bit of a rebound from a steep sell-off recently. Even including today's gain, the stock has slid 25% from a high of more than $1,243 just a few months ago.\nNow what\nAs the year wraps up, Tesla investors have the company's fourth-quarter vehicle deliveries to look forward to. While the challenging global supply chain and logistics environment that Tesla is operating in makes it difficult to forecast the quarter, analysts are expecting record deliveries during the period. But a wide range of outcomes are possible.\nTesla delivered 241,391 vehicles in its third quarter, representing 73% year-over-year growth. For the current quarter, analysts generally expect 260,000 or more deliveries. This would put total deliveries for the year at over 887,000 -- far higher than the 500,000 vehicles the company delivered in 2020.\nThe company usually posts its quarterly deliveries within three calendar days of each quarter's end, or somewhere around Jan. 1 to Jan. 3 for Tesla's Q4.","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":1185,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":693409388,"gmtCreate":1640055463338,"gmtModify":1640057327611,"author":{"id":"3572077804076143","authorId":"3572077804076143","name":"Yappy","avatar":"https://static.tigerbbs.com/ab4d89913ade03f15c782b99132ba22f","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572077804076143","idStr":"3572077804076143"},"themes":[],"title":"","htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/693409388","repostId":"2193761136","repostType":4,"isVote":1,"tweetType":1,"viewCount":1232,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":693938083,"gmtCreate":1639959106745,"gmtModify":1639959107324,"author":{"id":"3572077804076143","authorId":"3572077804076143","name":"Yappy","avatar":"https://static.tigerbbs.com/ab4d89913ade03f15c782b99132ba22f","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572077804076143","idStr":"3572077804076143"},"themes":[],"title":"","htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/693938083","repostId":"1159925675","repostType":4,"repost":{"id":"1159925675","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga Earnings","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1639957519,"share":"https://www.laohunote.com/m/news/1159925675?lang=zh_CN&edition=full","pubTime":"2021-12-20 07:45","market":"us","language":"en","title":"'Spider-Man: No Way Home' Rocks The US Box Office With $253M Opening<blockquote>《蜘蛛侠:英雄无归》首映票房达 2.53 亿美元,震撼美国票房</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1159925675","media":"Benzinga Earnings","summary":"Sony Pictures scored a grand slam at the box office over the weekend with a $253 million U.S. premie","content":"<p><b>Sony Pictures</b> scored a grand slam at the box office over the weekend with a $253 million U.S. premiere theatrical engagement for “Spider-Man: No Way Home.”</p><p><blockquote><b>索尼影业</b>上周末,《蜘蛛侠:无路可退》在美国的首映票房达到了 2.53 亿美元,取得了票房大满贯。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/bc44a74484c0944c80a8ac063f2bfbe4\" tg-width=\"685\" tg-height=\"375\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <b>What Happened:</b>The film, which opened in 4,336 theaters, was the top grossing December premiere of all time and third only to the $257.6 million gross from \"Avengers: Infinity War\" in 2018 and the $357.1 million from \"Avengers: Endgame\" in 2019 as the most financially successful U.S. opening engagement of all time. The film also triumphed around the world, with $334.2 million from 60 international markets for a global sum of $587.2 million – an achievement that occurred without having the film in the lucrative Chinese theatrical market.</p><p><blockquote><b>发生了什么:</b>这部电影在4336家影院上映,是有史以来12月首映票房最高的电影,仅次于2018年《复仇者联盟3:无限战争》的2.576亿美元和2019年《复仇者联盟4:终局之战》的3.571亿美元,是有史以来最成功的美国首映。这部电影在世界各地也取得了成功,从60个国际市场获得了3.342亿美元的票房,全球总票房为5.872亿美元——这一成就是在这部电影没有进入利润丰厚的中国影院市场的情况下取得的。</blockquote></p><p> The success of “Spider-Man: No Way Home” stood in stark contrast to last weekend’s dismal financial tally for the <b>Walt Disney Co.’s</b> “West Side Story” as the top-grossing film, with a $10.5 million premiere engagement. That film sank during its second week in theaters, placing third among the top 10 grossing films with $3.14 million in ticket sales. Another Disney title, the animated “Encanto,” was the second top grossing film from the weekend with $6.5 million in ticket sales for its fourth week in release.</p><p><blockquote>《蜘蛛侠:英雄无归》的成功与上周末《蜘蛛侠:英雄无归》惨淡的财务数据形成了鲜明对比。<b>华特迪士尼公司</b>《西区故事》是票房最高的影片,首映票房为 1050 万美元。这部电影在影院上映的第二周就下滑了,以314万美元的票房收入在十大票房电影中排名第三。迪士尼的另一部动画片《魔法奇缘》是周末票房第二高的影片,上映第四周的票房收入为 650 万美元。</blockquote></p><p> The only other new film going into premiere release over the weekend was “Nightmare Alley” starring <b>Bradley Cooper</b>. This release from Disney’s Searchlight division grossed $2.95 million from 2,145 screens, placing fifth among the weekend’s top 10 grossing films.</p><p><blockquote>周末上映的另一部新片是《噩梦巷》,主演<b>布拉德利·库珀</b>. 迪士尼探照灯部门的这部影片在 2145 块银幕上获得了 295 万美元的票房,在周末票房前十名中排名第五。</blockquote></p><p> “Spider-Man: No Way Home” also erased any doubts that moviegoers were shying away from theaters out of concern regarding COVID-19.<b>Tom Rothman</b>, chairman and CEO of Sony Pictures’ Motion Picture Group, alluded to the health crisis in a statement by declaring the “weekend’s historic ‘Spider-Man: No Way Home’ results, from all over the world and in the face of many challenges, reaffirm the unmatched cultural impact that exclusive theatrical films can have when they are made and marketed with vision and resolve.”</p><p><blockquote>《蜘蛛侠:英雄无归》也消除了人们对电影观众因担心 COVID-19 而避开影院的任何疑虑。<b>汤姆·罗斯曼</b>索尼影业电影集团董事长兼首席执行官、索尼影业电影集团董事长兼首席执行官在一份声明中提到了这场健康危机,他宣称 “周末历史性的《蜘蛛侠:英雄无归》成绩来自世界各地,面对诸多挑战,这再次印证了独家院线电影如果以远见和决心进行制作和营销,就能产生无与伦比的文化影响”。</blockquote></p><p> <b>What Happens Next:</b>For this week, three of the season’s biggest films will be opening on Dec. 22:<b>AT&T’s</b> Warner Bros. has “The Matrix Resurrections” starring <b>Keanu Reeves</b> in theaters and on HBO Max, while <b>Comcast Corp.’s</b> Universal is presenting the animated feature “Sing 2,” and Disney’s 20th Century Studios has “The King’s Man” starring <b>Ralph Fiennes</b> and <b>Gemma Arterton</b>.</p><p><blockquote><b>接下来会发生什么:</b>本周,本季三部最卖座的电影将于 12 月 22 日上映:<b>美国电话电报公司</b>华纳兄弟将主演《黑客帝国:复活》<b>基努·里维斯</b>在影院和 HBO Max 上,而<b>康卡斯特公司</b>环球影业将推出动画电影《新歌声 2》,迪士尼 20 世纪工作室将推出《国王的人》。<b>拉尔夫·费因斯</b>和<b>杰玛·阿特顿</b>.</blockquote></p><p> On Dec. 24, Sony Pictures is releasing <b>Pedro Almodovar’s</b> “Parallel Mothers” starring <b>Penelope Cruz</b> in Los Angeles and New York, while <b>Reliance Entertainment</b> will have the Hindi-language drama “83” in a limited nationwide release.</p><p><blockquote>12月24日,索尼影业将发布<b>佩德罗·阿莫多瓦</b>《平行母亲》主演<b>佩内洛普·克鲁兹</b>在洛杉矶和纽约,而<b>信实娱乐</b>印地语电视剧《83》将在全国范围内限量上映。</blockquote></p><p> On Christmas Day,<b>Denzel Washington</b> has two films opening: the <b>A24</b> release of “The Tragedy of Macbeth” with Washington as Shakespeare’s murderous monarch and the Sony Pictures release of “A Journal for Jordan” starring <b>Michael B. Jordan</b> in a drama directed by Washington. Also opening is <b>Lionsgate’s</b> “American Underdog” starring Zachary Levi as football great <b>Kurt Warner</b>.</p><p><blockquote>圣诞节那天,<b>丹泽尔·华盛顿</b>有两部电影开场:<b>A24</b>由华盛顿饰演莎士比亚笔下凶残的君主的《麦克白的悲剧》上映,索尼影业发行由华盛顿主演的《约旦日记》<b>迈克尔·乔丹</b>在华盛顿导演的一部戏剧中。开场也是<b>狮门影业</b>《美国失败者》由扎卡里·列维主演,饰演橄榄球巨星<b>库尔特·华纳</b>.</blockquote></p><p> <b>Also Happening:</b>While the 2021 movie year winds down, the Internet Movie Database (IMDb) has announced its list of the Most Anticipated Movies of 2022, based on the most popular searches of its cinematic database.</p><p><blockquote><b>也发生了:</b>随着2021电影年的结束,互联网电影数据库(IMDb)根据其电影数据库中最受欢迎的搜索,宣布了2022年最受期待的电影名单。</blockquote></p><p> According to IMDb, most moviegoers are pumped up for “The Batman,” followed by “Scream,” “Thor: Love and Thunder,” “Top Gun: Maverick,” “Killers of the Flower Moon,” “Jurassic World: Dominion,” “Doctor Strange in the Multiverse of Madness,” “Mission: Impossible 7,” “Uncharted” and “The Flash.”</p><p><blockquote>根据 IMDb 的数据,大多数观众对《蝙蝠侠》感到兴奋,其次是《惊声尖叫》、《雷神:爱与雷》、《壮志凌云:特立独行》、《花月杀手》、《侏罗纪世界:统治》、《奇异博士在疯狂多元宇宙》、《碟中谍 7》、《神秘海域》和《闪电侠》。</blockquote></p><p> Of the top 10 films, only the <b>Martin Scorsese</b>-directed “Killers of the Flower Moon” is an original production that is not a reboot, sequel or expansion of an established franchise from another medium. IMDb is owned by <b>Amazon.com.</b></p><p><blockquote>在前10名电影中,只有<b>马丁·斯科塞斯</b>-导演的《花月杀手》是一部原创作品,并非重启、续集或其他媒介对已建立系列电影的扩展。IMDb归<b>亚马逊.</b></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>'Spider-Man: No Way Home' Rocks The US Box Office With $253M Opening<blockquote>《蜘蛛侠:英雄无归》首映票房达 2.53 亿美元,震撼美国票房</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\">\n'Spider-Man: No Way Home' Rocks The US Box Office With $253M Opening<blockquote>《蜘蛛侠:英雄无归》首映票房达 2.53 亿美元,震撼美国票房</blockquote>\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga Earnings </p>\n<p class=\"h-time smaller\">2021-12-20 07:45</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p><b>Sony Pictures</b> scored a grand slam at the box office over the weekend with a $253 million U.S. premiere theatrical engagement for “Spider-Man: No Way Home.”</p><p><blockquote><b>索尼影业</b>上周末,《蜘蛛侠:无路可退》在美国的首映票房达到了 2.53 亿美元,取得了票房大满贯。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/bc44a74484c0944c80a8ac063f2bfbe4\" tg-width=\"685\" tg-height=\"375\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <b>What Happened:</b>The film, which opened in 4,336 theaters, was the top grossing December premiere of all time and third only to the $257.6 million gross from \"Avengers: Infinity War\" in 2018 and the $357.1 million from \"Avengers: Endgame\" in 2019 as the most financially successful U.S. opening engagement of all time. The film also triumphed around the world, with $334.2 million from 60 international markets for a global sum of $587.2 million – an achievement that occurred without having the film in the lucrative Chinese theatrical market.</p><p><blockquote><b>发生了什么:</b>这部电影在4336家影院上映,是有史以来12月首映票房最高的电影,仅次于2018年《复仇者联盟3:无限战争》的2.576亿美元和2019年《复仇者联盟4:终局之战》的3.571亿美元,是有史以来最成功的美国首映。这部电影在世界各地也取得了成功,从60个国际市场获得了3.342亿美元的票房,全球总票房为5.872亿美元——这一成就是在这部电影没有进入利润丰厚的中国影院市场的情况下取得的。</blockquote></p><p> The success of “Spider-Man: No Way Home” stood in stark contrast to last weekend’s dismal financial tally for the <b>Walt Disney Co.’s</b> “West Side Story” as the top-grossing film, with a $10.5 million premiere engagement. That film sank during its second week in theaters, placing third among the top 10 grossing films with $3.14 million in ticket sales. Another Disney title, the animated “Encanto,” was the second top grossing film from the weekend with $6.5 million in ticket sales for its fourth week in release.</p><p><blockquote>《蜘蛛侠:英雄无归》的成功与上周末《蜘蛛侠:英雄无归》惨淡的财务数据形成了鲜明对比。<b>华特迪士尼公司</b>《西区故事》是票房最高的影片,首映票房为 1050 万美元。这部电影在影院上映的第二周就下滑了,以314万美元的票房收入在十大票房电影中排名第三。迪士尼的另一部动画片《魔法奇缘》是周末票房第二高的影片,上映第四周的票房收入为 650 万美元。</blockquote></p><p> The only other new film going into premiere release over the weekend was “Nightmare Alley” starring <b>Bradley Cooper</b>. This release from Disney’s Searchlight division grossed $2.95 million from 2,145 screens, placing fifth among the weekend’s top 10 grossing films.</p><p><blockquote>周末上映的另一部新片是《噩梦巷》,主演<b>布拉德利·库珀</b>. 迪士尼探照灯部门的这部影片在 2145 块银幕上获得了 295 万美元的票房,在周末票房前十名中排名第五。</blockquote></p><p> “Spider-Man: No Way Home” also erased any doubts that moviegoers were shying away from theaters out of concern regarding COVID-19.<b>Tom Rothman</b>, chairman and CEO of Sony Pictures’ Motion Picture Group, alluded to the health crisis in a statement by declaring the “weekend’s historic ‘Spider-Man: No Way Home’ results, from all over the world and in the face of many challenges, reaffirm the unmatched cultural impact that exclusive theatrical films can have when they are made and marketed with vision and resolve.”</p><p><blockquote>《蜘蛛侠:英雄无归》也消除了人们对电影观众因担心 COVID-19 而避开影院的任何疑虑。<b>汤姆·罗斯曼</b>索尼影业电影集团董事长兼首席执行官、索尼影业电影集团董事长兼首席执行官在一份声明中提到了这场健康危机,他宣称 “周末历史性的《蜘蛛侠:英雄无归》成绩来自世界各地,面对诸多挑战,这再次印证了独家院线电影如果以远见和决心进行制作和营销,就能产生无与伦比的文化影响”。</blockquote></p><p> <b>What Happens Next:</b>For this week, three of the season’s biggest films will be opening on Dec. 22:<b>AT&T’s</b> Warner Bros. has “The Matrix Resurrections” starring <b>Keanu Reeves</b> in theaters and on HBO Max, while <b>Comcast Corp.’s</b> Universal is presenting the animated feature “Sing 2,” and Disney’s 20th Century Studios has “The King’s Man” starring <b>Ralph Fiennes</b> and <b>Gemma Arterton</b>.</p><p><blockquote><b>接下来会发生什么:</b>本周,本季三部最卖座的电影将于 12 月 22 日上映:<b>美国电话电报公司</b>华纳兄弟将主演《黑客帝国:复活》<b>基努·里维斯</b>在影院和 HBO Max 上,而<b>康卡斯特公司</b>环球影业将推出动画电影《新歌声 2》,迪士尼 20 世纪工作室将推出《国王的人》。<b>拉尔夫·费因斯</b>和<b>杰玛·阿特顿</b>.</blockquote></p><p> On Dec. 24, Sony Pictures is releasing <b>Pedro Almodovar’s</b> “Parallel Mothers” starring <b>Penelope Cruz</b> in Los Angeles and New York, while <b>Reliance Entertainment</b> will have the Hindi-language drama “83” in a limited nationwide release.</p><p><blockquote>12月24日,索尼影业将发布<b>佩德罗·阿莫多瓦</b>《平行母亲》主演<b>佩内洛普·克鲁兹</b>在洛杉矶和纽约,而<b>信实娱乐</b>印地语电视剧《83》将在全国范围内限量上映。</blockquote></p><p> On Christmas Day,<b>Denzel Washington</b> has two films opening: the <b>A24</b> release of “The Tragedy of Macbeth” with Washington as Shakespeare’s murderous monarch and the Sony Pictures release of “A Journal for Jordan” starring <b>Michael B. Jordan</b> in a drama directed by Washington. Also opening is <b>Lionsgate’s</b> “American Underdog” starring Zachary Levi as football great <b>Kurt Warner</b>.</p><p><blockquote>圣诞节那天,<b>丹泽尔·华盛顿</b>有两部电影开场:<b>A24</b>由华盛顿饰演莎士比亚笔下凶残的君主的《麦克白的悲剧》上映,索尼影业发行由华盛顿主演的《约旦日记》<b>迈克尔·乔丹</b>在华盛顿导演的一部戏剧中。开场也是<b>狮门影业</b>《美国失败者》由扎卡里·列维主演,饰演橄榄球巨星<b>库尔特·华纳</b>.</blockquote></p><p> <b>Also Happening:</b>While the 2021 movie year winds down, the Internet Movie Database (IMDb) has announced its list of the Most Anticipated Movies of 2022, based on the most popular searches of its cinematic database.</p><p><blockquote><b>也发生了:</b>随着2021电影年的结束,互联网电影数据库(IMDb)根据其电影数据库中最受欢迎的搜索,宣布了2022年最受期待的电影名单。</blockquote></p><p> According to IMDb, most moviegoers are pumped up for “The Batman,” followed by “Scream,” “Thor: Love and Thunder,” “Top Gun: Maverick,” “Killers of the Flower Moon,” “Jurassic World: Dominion,” “Doctor Strange in the Multiverse of Madness,” “Mission: Impossible 7,” “Uncharted” and “The Flash.”</p><p><blockquote>根据 IMDb 的数据,大多数观众对《蝙蝠侠》感到兴奋,其次是《惊声尖叫》、《雷神:爱与雷》、《壮志凌云:特立独行》、《花月杀手》、《侏罗纪世界:统治》、《奇异博士在疯狂多元宇宙》、《碟中谍 7》、《神秘海域》和《闪电侠》。</blockquote></p><p> Of the top 10 films, only the <b>Martin Scorsese</b>-directed “Killers of the Flower Moon” is an original production that is not a reboot, sequel or expansion of an established franchise from another medium. IMDb is owned by <b>Amazon.com.</b></p><p><blockquote>在前10名电影中,只有<b>马丁·斯科塞斯</b>-导演的《花月杀手》是一部原创作品,并非重启、续集或其他媒介对已建立系列电影的扩展。IMDb归<b>亚马逊.</b></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SONY":"索尼"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1159925675","content_text":"Sony Pictures scored a grand slam at the box office over the weekend with a $253 million U.S. premiere theatrical engagement for “Spider-Man: No Way Home.”\n\nWhat Happened:The film, which opened in 4,336 theaters, was the top grossing December premiere of all time and third only to the $257.6 million gross from \"Avengers: Infinity War\" in 2018 and the $357.1 million from \"Avengers: Endgame\" in 2019 as the most financially successful U.S. opening engagement of all time. The film also triumphed around the world, with $334.2 million from 60 international markets for a global sum of $587.2 million – an achievement that occurred without having the film in the lucrative Chinese theatrical market.\nThe success of “Spider-Man: No Way Home” stood in stark contrast to last weekend’s dismal financial tally for the Walt Disney Co.’s “West Side Story” as the top-grossing film, with a $10.5 million premiere engagement. That film sank during its second week in theaters, placing third among the top 10 grossing films with $3.14 million in ticket sales. Another Disney title, the animated “Encanto,” was the second top grossing film from the weekend with $6.5 million in ticket sales for its fourth week in release.\nThe only other new film going into premiere release over the weekend was “Nightmare Alley” starring Bradley Cooper. This release from Disney’s Searchlight division grossed $2.95 million from 2,145 screens, placing fifth among the weekend’s top 10 grossing films.\n“Spider-Man: No Way Home” also erased any doubts that moviegoers were shying away from theaters out of concern regarding COVID-19.Tom Rothman, chairman and CEO of Sony Pictures’ Motion Picture Group, alluded to the health crisis in a statement by declaring the “weekend’s historic ‘Spider-Man: No Way Home’ results, from all over the world and in the face of many challenges, reaffirm the unmatched cultural impact that exclusive theatrical films can have when they are made and marketed with vision and resolve.”\nWhat Happens Next:For this week, three of the season’s biggest films will be opening on Dec. 22:AT&T’s Warner Bros. has “The Matrix Resurrections” starring Keanu Reeves in theaters and on HBO Max, while Comcast Corp.’s Universal is presenting the animated feature “Sing 2,” and Disney’s 20th Century Studios has “The King’s Man” starring Ralph Fiennes and Gemma Arterton.\nOn Dec. 24, Sony Pictures is releasing Pedro Almodovar’s “Parallel Mothers” starring Penelope Cruz in Los Angeles and New York, while Reliance Entertainment will have the Hindi-language drama “83” in a limited nationwide release.\nOn Christmas Day,Denzel Washington has two films opening: the A24 release of “The Tragedy of Macbeth” with Washington as Shakespeare’s murderous monarch and the Sony Pictures release of “A Journal for Jordan” starring Michael B. Jordan in a drama directed by Washington. Also opening is Lionsgate’s “American Underdog” starring Zachary Levi as football great Kurt Warner.\nAlso Happening:While the 2021 movie year winds down, the Internet Movie Database (IMDb) has announced its list of the Most Anticipated Movies of 2022, based on the most popular searches of its cinematic database.\nAccording to IMDb, most moviegoers are pumped up for “The Batman,” followed by “Scream,” “Thor: Love and Thunder,” “Top Gun: Maverick,” “Killers of the Flower Moon,” “Jurassic World: Dominion,” “Doctor Strange in the Multiverse of Madness,” “Mission: Impossible 7,” “Uncharted” and “The Flash.”\nOf the top 10 films, only the Martin Scorsese-directed “Killers of the Flower Moon” is an original production that is not a reboot, sequel or expansion of an established franchise from another medium. IMDb is owned by Amazon.com.","news_type":1,"symbols_score_info":{"SONY":0.9}},"isVote":1,"tweetType":1,"viewCount":1093,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":699215275,"gmtCreate":1639808505401,"gmtModify":1639808505940,"author":{"id":"3572077804076143","authorId":"3572077804076143","name":"Yappy","avatar":"https://static.tigerbbs.com/ab4d89913ade03f15c782b99132ba22f","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572077804076143","idStr":"3572077804076143"},"themes":[],"title":"","htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/699215275","repostId":"1122651573","repostType":4,"repost":{"id":"1122651573","kind":"news","pubTimestamp":1639800058,"share":"https://www.laohunote.com/m/news/1122651573?lang=zh_CN&edition=full","pubTime":"2021-12-18 12:00","market":"us","language":"en","title":"1 Unstoppable Stock to Buy Before 2022<blockquote>2022 年之前值得购买的 1 只势不可挡的股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1122651573","media":"Motley Fool","summary":"Salesforce.com is one of the largest enterprise software companies, and it's led the customer relati","content":"<p><a href=\"https://laohu8.com/S/CRM\"><b>Salesforce.com</b></a> is one of the largest enterprise software companies, and it's led the customer relationship management (CRM) industry for eight consecutive years. As businesses continue to struggle with macroeconomic headwinds related labor shortages and supply chain disruptions, staying on good terms with customers will be crucial.</p><p><blockquote><a href=\"https://laohu8.com/S/CRM\"><b>销售力量网站</b></a>是最大的企业软件公司之一,连续八年引领客户关系管理(CRM)行业。随着企业继续与劳动力短缺和供应链中断相关的宏观经济逆风作斗争,与客户保持良好关系将至关重要。</blockquote></p><p> It also includes tools for analytics, data integration, low-code application development. So it really is this end-to-end solution. The goal is to give businesses the tools they need to attract leads, convert those leads into paying customers, and then build lasting relationships with those customers.</p><p><blockquote>它还包括用于分析、数据集成、低代码应用程序开发的工具。所以这真的是端到端解决方案。目标是为企业提供吸引潜在客户所需的工具,将这些潜在客户转化为付费客户,然后与这些客户建立持久的关系。</blockquote></p><p> Additionally, Salesforce has this platform called Einstein, which is essentially an artificial intelligence layer that supercharges all of its other applications. For instance, Einstein help sales agents forecast conversion rates and prioritize the most promising leads, so it drives efficiency there. It helps commerce teams personalize the buyer experience and make relevant product recommendations on an e-commerce storefront. And I think that capacity for innovation is one of Salesforce's strongest assets.</p><p><blockquote>此外,Salesforce还有一个名为Einstein的平台,它本质上是一个人工智能层,可以增强其所有其他应用程序。例如,爱因斯坦帮助销售代理预测转化率并优先考虑最有前途的销售线索,因此它提高了那里的效率。它帮助商务团队个性化买家体验,并在电子商务店面上做出相关的产品推荐。我认为创新能力是 Salesforce 最强大的资产之一。</blockquote></p><p> They were a pioneer in modern CRM. They were one of the first companies to deliver software from the cloud. They jumped on artificial intelligence quickly. Their platform even supports blockchain technology. They continue to stay at the cutting edge of these technologies. I think that's important. I mentioned in an earlier question, the CEO, Marc Benioff, he founded the company back in 1999. This would be a company where if Marc Benioff suddenly left, I would be concerned about Salesforce. If you were watching<i>Beat and Raise</i>show in the previous hour, the company actually named Bret Taylor a co-CEO. He will be working alongside Marc Benioff, and I think that's a great succession plan. Brian Withers and I were talking about that. It's good to see the company planning for the future.</p><p><blockquote>他们是现代客户关系管理的先驱。他们是首批从云交付软件的公司之一。他们很快就投身于人工智能。他们的平台甚至支持区块链技术。他们继续处于这些技术的前沿。我觉得这很重要。我在之前的问题中提到过,首席执行官马克·贝尼奥夫 (Marc Benioff) 于 1999 年创立了公司。如果马克·贝尼奥夫突然离开,我会担心 Salesforce。如果你在看<i>拍打和举起</i>在前一个小时的节目中,该公司实际上任命布雷特·泰勒为联合首席执行官。他将与马克·贝尼奥夫一起工作,我认为这是一个伟大的继任计划。布莱恩·威瑟斯和我正在谈论这件事。很高兴看到公司为未来做规划。</blockquote></p><p> One of the reasons I really like Salesforce, and I think they could do well during the holiday season, is that their software is relevant across virtually every industry. Building those customer relationships is important no matter of what you're selling or what industry you're in. Maintaining a strong relationship with your customers is important. I think -- given the current macroeconomic headwinds with supply chain difficulties, and labor shortages, and inflation, all of those things that may be headwinds for consumers -- I think maintaining those relationships is even more important than it normally is. And Salesforce is the clear leader here. The company has 19.5% market share in the CRM space. That is more than the next four competitors combined. Just a real dominant company.</p><p><blockquote>我非常喜欢Salesforce的原因之一,我认为他们在假期会做得很好,是他们的软件几乎与每个行业都相关。无论你卖什么,或者你从事什么行业,建立这些客户关系都很重要。与客户保持牢固的关系很重要。我认为——考虑到当前的宏观经济逆风,包括供应链困难、劳动力短缺和通货膨胀,所有这些可能对消费者来说是不利因素——我认为维持这些关系比平时更重要。Salesforce 显然是这里的领导者。该公司在CRM领域拥有19.5%的市场份额。这比接下来四个竞争对手的总和还要多。只是一家真正占主导地位的公司。</blockquote></p><p> I mentioned they have that innovative, founder-led management team. This is another company with a strong workplace culture. If you look at Glassdoor, 89% of employees would recommend the company to a friend, 96% approve of the CEO, Marc Benioff. I think that speaks very highly of the type of workplace environment they've created.</p><p><blockquote>我提到他们有创始人领导的创新管理团队。这是另一家拥有浓厚职场文化的公司。如果你看看Glassdoor,89%的员工会向朋友推荐该公司,96%的员工会认可首席执行官马克·贝尼奥夫。我认为这充分说明了他们创造的工作场所环境。</blockquote></p><p> The financial performance is consistently impressive. Over the past year -- this is through the second quarter, this does not include the results that Salesforce just released two hours ago --. but through the second quarter, the company's revenue was $23.5 billion, up 21%. They generated $5.5 billion in free cash flow; that was up 57%.</p><p><blockquote>财务业绩一直令人印象深刻。在过去的一年里——这是第二季度,这还不包括 Salesforce 两小时前刚刚发布的业绩。但截至第二季度,该公司营收为235亿美元,增长21%。他们产生了55亿美元的自由现金流;增长了 57%。</blockquote></p><p> Just to cap all that, Salesforce is, in terms of enterprise software companies, it is the fastest-growing enterprise software company in history. It was the first to reach $5 billion in annualized revenue. It was the first to reach $10 billion. It recently became the first to reach $20 billion, and Benioff has said the company will reach $50 billion, I believe, by 2026. If that happens on that timeline, it will also be the first company to achieve that milestone. It will be the fastest company to achieve that milestone. An enormous company, but I still think there's plenty of potential here for shareholders, and I certainly think the holiday season could be a short-term catalyst.</p><p><blockquote>总而言之,就企业软件公司而言,Salesforce 是历史上发展最快的企业软件公司。它是第一个年化收入达到50亿美元的公司。它是第一个达到100亿美元的。它最近成为第一个达到200亿美元的公司,贝尼奥夫表示,我相信,到2026年,该公司将达到500亿美元。如果这种情况发生在该时间表上,它也将是第一家实现这一里程碑的公司。它将是最快实现这一里程碑的公司。这是一家巨大的公司,但我仍然认为这里对股东来说有很大的潜力,我当然认为假期可能是一个短期催化剂。</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>1 Unstoppable Stock to Buy Before 2022<blockquote>2022 年之前值得购买的 1 只势不可挡的股票</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n1 Unstoppable Stock to Buy Before 2022<blockquote>2022 年之前值得购买的 1 只势不可挡的股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Motley Fool</strong><span class=\"h-time small\">2021-12-18 12:00</span>\n</p>\n</h4>\n</header>\n<article>\n<p><a href=\"https://laohu8.com/S/CRM\"><b>Salesforce.com</b></a> is one of the largest enterprise software companies, and it's led the customer relationship management (CRM) industry for eight consecutive years. As businesses continue to struggle with macroeconomic headwinds related labor shortages and supply chain disruptions, staying on good terms with customers will be crucial.</p><p><blockquote><a href=\"https://laohu8.com/S/CRM\"><b>销售力量网站</b></a>是最大的企业软件公司之一,连续八年引领客户关系管理(CRM)行业。随着企业继续与劳动力短缺和供应链中断相关的宏观经济逆风作斗争,与客户保持良好关系将至关重要。</blockquote></p><p> It also includes tools for analytics, data integration, low-code application development. So it really is this end-to-end solution. The goal is to give businesses the tools they need to attract leads, convert those leads into paying customers, and then build lasting relationships with those customers.</p><p><blockquote>它还包括用于分析、数据集成、低代码应用程序开发的工具。所以这真的是端到端解决方案。目标是为企业提供吸引潜在客户所需的工具,将这些潜在客户转化为付费客户,然后与这些客户建立持久的关系。</blockquote></p><p> Additionally, Salesforce has this platform called Einstein, which is essentially an artificial intelligence layer that supercharges all of its other applications. For instance, Einstein help sales agents forecast conversion rates and prioritize the most promising leads, so it drives efficiency there. It helps commerce teams personalize the buyer experience and make relevant product recommendations on an e-commerce storefront. And I think that capacity for innovation is one of Salesforce's strongest assets.</p><p><blockquote>此外,Salesforce还有一个名为Einstein的平台,它本质上是一个人工智能层,可以增强其所有其他应用程序。例如,爱因斯坦帮助销售代理预测转化率并优先考虑最有前途的销售线索,因此它提高了那里的效率。它帮助商务团队个性化买家体验,并在电子商务店面上做出相关的产品推荐。我认为创新能力是 Salesforce 最强大的资产之一。</blockquote></p><p> They were a pioneer in modern CRM. They were one of the first companies to deliver software from the cloud. They jumped on artificial intelligence quickly. Their platform even supports blockchain technology. They continue to stay at the cutting edge of these technologies. I think that's important. I mentioned in an earlier question, the CEO, Marc Benioff, he founded the company back in 1999. This would be a company where if Marc Benioff suddenly left, I would be concerned about Salesforce. If you were watching<i>Beat and Raise</i>show in the previous hour, the company actually named Bret Taylor a co-CEO. He will be working alongside Marc Benioff, and I think that's a great succession plan. Brian Withers and I were talking about that. It's good to see the company planning for the future.</p><p><blockquote>他们是现代客户关系管理的先驱。他们是首批从云交付软件的公司之一。他们很快就投身于人工智能。他们的平台甚至支持区块链技术。他们继续处于这些技术的前沿。我觉得这很重要。我在之前的问题中提到过,首席执行官马克·贝尼奥夫 (Marc Benioff) 于 1999 年创立了公司。如果马克·贝尼奥夫突然离开,我会担心 Salesforce。如果你在看<i>拍打和举起</i>在前一个小时的节目中,该公司实际上任命布雷特·泰勒为联合首席执行官。他将与马克·贝尼奥夫一起工作,我认为这是一个伟大的继任计划。布莱恩·威瑟斯和我正在谈论这件事。很高兴看到公司为未来做规划。</blockquote></p><p> One of the reasons I really like Salesforce, and I think they could do well during the holiday season, is that their software is relevant across virtually every industry. Building those customer relationships is important no matter of what you're selling or what industry you're in. Maintaining a strong relationship with your customers is important. I think -- given the current macroeconomic headwinds with supply chain difficulties, and labor shortages, and inflation, all of those things that may be headwinds for consumers -- I think maintaining those relationships is even more important than it normally is. And Salesforce is the clear leader here. The company has 19.5% market share in the CRM space. That is more than the next four competitors combined. Just a real dominant company.</p><p><blockquote>我非常喜欢Salesforce的原因之一,我认为他们在假期会做得很好,是他们的软件几乎与每个行业都相关。无论你卖什么,或者你从事什么行业,建立这些客户关系都很重要。与客户保持牢固的关系很重要。我认为——考虑到当前的宏观经济逆风,包括供应链困难、劳动力短缺和通货膨胀,所有这些可能对消费者来说是不利因素——我认为维持这些关系比平时更重要。Salesforce 显然是这里的领导者。该公司在CRM领域拥有19.5%的市场份额。这比接下来四个竞争对手的总和还要多。只是一家真正占主导地位的公司。</blockquote></p><p> I mentioned they have that innovative, founder-led management team. This is another company with a strong workplace culture. If you look at Glassdoor, 89% of employees would recommend the company to a friend, 96% approve of the CEO, Marc Benioff. I think that speaks very highly of the type of workplace environment they've created.</p><p><blockquote>我提到他们有创始人领导的创新管理团队。这是另一家拥有浓厚职场文化的公司。如果你看看Glassdoor,89%的员工会向朋友推荐该公司,96%的员工会认可首席执行官马克·贝尼奥夫。我认为这充分说明了他们创造的工作场所环境。</blockquote></p><p> The financial performance is consistently impressive. Over the past year -- this is through the second quarter, this does not include the results that Salesforce just released two hours ago --. but through the second quarter, the company's revenue was $23.5 billion, up 21%. They generated $5.5 billion in free cash flow; that was up 57%.</p><p><blockquote>财务业绩一直令人印象深刻。在过去的一年里——这是第二季度,这还不包括 Salesforce 两小时前刚刚发布的业绩。但截至第二季度,该公司营收为235亿美元,增长21%。他们产生了55亿美元的自由现金流;增长了 57%。</blockquote></p><p> Just to cap all that, Salesforce is, in terms of enterprise software companies, it is the fastest-growing enterprise software company in history. It was the first to reach $5 billion in annualized revenue. It was the first to reach $10 billion. It recently became the first to reach $20 billion, and Benioff has said the company will reach $50 billion, I believe, by 2026. If that happens on that timeline, it will also be the first company to achieve that milestone. It will be the fastest company to achieve that milestone. An enormous company, but I still think there's plenty of potential here for shareholders, and I certainly think the holiday season could be a short-term catalyst.</p><p><blockquote>总而言之,就企业软件公司而言,Salesforce 是历史上发展最快的企业软件公司。它是第一个年化收入达到50亿美元的公司。它是第一个达到100亿美元的。它最近成为第一个达到200亿美元的公司,贝尼奥夫表示,我相信,到2026年,该公司将达到500亿美元。如果这种情况发生在该时间表上,它也将是第一家实现这一里程碑的公司。它将是最快实现这一里程碑的公司。这是一家巨大的公司,但我仍然认为这里对股东来说有很大的潜力,我当然认为假期可能是一个短期催化剂。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://www.fool.com/investing/2021/12/17/1-unstoppable-stock-to-buy-before-2022/\">Motley Fool</a></p>\n<p>为提升您的阅读体验,我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CRM":"赛富时"},"source_url":"https://www.fool.com/investing/2021/12/17/1-unstoppable-stock-to-buy-before-2022/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1122651573","content_text":"Salesforce.com is one of the largest enterprise software companies, and it's led the customer relationship management (CRM) industry for eight consecutive years. As businesses continue to struggle with macroeconomic headwinds related labor shortages and supply chain disruptions, staying on good terms with customers will be crucial.\nIt also includes tools for analytics, data integration, low-code application development. So it really is this end-to-end solution. The goal is to give businesses the tools they need to attract leads, convert those leads into paying customers, and then build lasting relationships with those customers.\nAdditionally, Salesforce has this platform called Einstein, which is essentially an artificial intelligence layer that supercharges all of its other applications. For instance, Einstein help sales agents forecast conversion rates and prioritize the most promising leads, so it drives efficiency there. It helps commerce teams personalize the buyer experience and make relevant product recommendations on an e-commerce storefront. And I think that capacity for innovation is one of Salesforce's strongest assets.\nThey were a pioneer in modern CRM. They were one of the first companies to deliver software from the cloud. They jumped on artificial intelligence quickly. Their platform even supports blockchain technology. They continue to stay at the cutting edge of these technologies. I think that's important. I mentioned in an earlier question, the CEO, Marc Benioff, he founded the company back in 1999. This would be a company where if Marc Benioff suddenly left, I would be concerned about Salesforce. If you were watchingBeat and Raiseshow in the previous hour, the company actually named Bret Taylor a co-CEO. He will be working alongside Marc Benioff, and I think that's a great succession plan. Brian Withers and I were talking about that. It's good to see the company planning for the future.\nOne of the reasons I really like Salesforce, and I think they could do well during the holiday season, is that their software is relevant across virtually every industry. Building those customer relationships is important no matter of what you're selling or what industry you're in. Maintaining a strong relationship with your customers is important. I think -- given the current macroeconomic headwinds with supply chain difficulties, and labor shortages, and inflation, all of those things that may be headwinds for consumers -- I think maintaining those relationships is even more important than it normally is. And Salesforce is the clear leader here. The company has 19.5% market share in the CRM space. That is more than the next four competitors combined. Just a real dominant company.\nI mentioned they have that innovative, founder-led management team. This is another company with a strong workplace culture. If you look at Glassdoor, 89% of employees would recommend the company to a friend, 96% approve of the CEO, Marc Benioff. I think that speaks very highly of the type of workplace environment they've created.\nThe financial performance is consistently impressive. Over the past year -- this is through the second quarter, this does not include the results that Salesforce just released two hours ago --. but through the second quarter, the company's revenue was $23.5 billion, up 21%. They generated $5.5 billion in free cash flow; that was up 57%.\nJust to cap all that, Salesforce is, in terms of enterprise software companies, it is the fastest-growing enterprise software company in history. It was the first to reach $5 billion in annualized revenue. It was the first to reach $10 billion. It recently became the first to reach $20 billion, and Benioff has said the company will reach $50 billion, I believe, by 2026. If that happens on that timeline, it will also be the first company to achieve that milestone. It will be the fastest company to achieve that milestone. An enormous company, but I still think there's plenty of potential here for shareholders, and I certainly think the holiday season could be a short-term catalyst.","news_type":1,"symbols_score_info":{"CRM":0.9}},"isVote":1,"tweetType":1,"viewCount":1572,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":690796951,"gmtCreate":1639706766332,"gmtModify":1639708034054,"author":{"id":"3572077804076143","authorId":"3572077804076143","name":"Yappy","avatar":"https://static.tigerbbs.com/ab4d89913ade03f15c782b99132ba22f","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572077804076143","idStr":"3572077804076143"},"themes":[],"title":"","htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/690796951","repostId":"2192947155","repostType":4,"isVote":1,"tweetType":1,"viewCount":980,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":607723515,"gmtCreate":1639605129997,"gmtModify":1639605313546,"author":{"id":"3572077804076143","authorId":"3572077804076143","name":"Yappy","avatar":"https://static.tigerbbs.com/ab4d89913ade03f15c782b99132ba22f","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572077804076143","idStr":"3572077804076143"},"themes":[],"title":"","htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/607723515","repostId":"1172651405","repostType":4,"repost":{"id":"1172651405","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":1639595340,"share":"https://www.laohunote.com/m/news/1172651405?lang=zh_CN&edition=full","pubTime":"2021-12-16 03:09","market":"us","language":"en","title":"Dow industrials pop up and stock market tries to clamber higher, even as Fed projections point to 3 rate hikes in 2022<blockquote>尽管美联储预测 2022 年将加息 3 次,陶氏工业指数突然上涨,股市试图攀升</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1172651405","media":"Tiger Newspress","summary":"U.S. stock benchmarks on Wednesday afternoon were pivoting modestly higher as the Federal Reserve he","content":"<p>U.S. stock benchmarks on Wednesday afternoon were pivoting modestly higher as the Federal Reserve held interest rates steady, as expected, but quickened the pace of wind-down of its bond-buying program, opening the door to interest-rate increases in the first half of 2022. </p><p><blockquote>周三下午,美国股市基准小幅走高,美联储如预期维持利率稳定,但加快了逐步缩减债券购买计划的步伐,为2022年上半年加息打开了大门。</blockquote></p><p> Projections from the Fed point to three rate increases next year, with the current fed-funds rate at a range between 0% and 0.25%. Fed Chairman Jerome Powell will host a news conference at 2:30 p.m. ET to discuss the central bank's updated policy. </p><p><blockquote>美联储预测明年将加息三次,目前联邦基金利率在0%至0.25%之间。美联储主席杰罗姆·鲍威尔将于下午 2:30 主持新闻发布会。美国东部时间讨论央行的最新政策。</blockquote></p><p> The move to end the stimulus program sooner than officials planned at their meeting last month offers the most concrete sign of how Powell's focus has shifted toward preventing higher inflation from becoming entrenched. </p><p><blockquote>比官员们在上个月的会议上计划更早结束刺激计划的举动提供了最具体的迹象,表明鲍威尔的重点已经转向防止更高的通胀根深蒂固。</blockquote></p><p> But the updated policy comes as the omicron variant of the coronavirus that causes COVID-19 spreads, sparking fresh concerns about economic recovery and supply-chain bottlenecks that have helped underpin rising inflation. </p><p><blockquote>但更新后的政策出台之际,冠状病毒的奥密克戎变种导致了 COVID-19 的传播,引发了人们对经济复苏和供应链瓶颈的新担忧,而这些瓶颈有助于支撑通胀上升。</blockquote></p><p> The Dow Jones Industrial Average popped into positive territory, up 0.3% at 35,645, the S&P 500 index climbed 0.3% to 4,650, and the Nasdaq Composite Index briefly climbed to less than 0.1% higher at 15,269. The 10-year Treasury note yields 1.46% from around 1.44% before the Fed update.</p><p><blockquote>道琼斯工业平均指数突然进入正值区域,上涨 0.3%,至 35,645 点,标普500指数上涨 0.3%,至 4,650 点,纳斯达克综合指数短暂上涨不到 0.1%,至 15,269 点。10 年期国债收益率从美联储更新前的 1.44% 左右升至 1.46%。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Dow industrials pop up and stock market tries to clamber higher, even as Fed projections point to 3 rate hikes in 2022<blockquote>尽管美联储预测 2022 年将加息 3 次,陶氏工业指数突然上涨,股市试图攀升</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDow industrials pop up and stock market tries to clamber higher, even as Fed projections point to 3 rate hikes in 2022<blockquote>尽管美联储预测 2022 年将加息 3 次,陶氏工业指数突然上涨,股市试图攀升</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-12-16 03:09</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>U.S. stock benchmarks on Wednesday afternoon were pivoting modestly higher as the Federal Reserve held interest rates steady, as expected, but quickened the pace of wind-down of its bond-buying program, opening the door to interest-rate increases in the first half of 2022. </p><p><blockquote>周三下午,美国股市基准小幅走高,美联储如预期维持利率稳定,但加快了逐步缩减债券购买计划的步伐,为2022年上半年加息打开了大门。</blockquote></p><p> Projections from the Fed point to three rate increases next year, with the current fed-funds rate at a range between 0% and 0.25%. Fed Chairman Jerome Powell will host a news conference at 2:30 p.m. ET to discuss the central bank's updated policy. </p><p><blockquote>美联储预测明年将加息三次,目前联邦基金利率在0%至0.25%之间。美联储主席杰罗姆·鲍威尔将于下午 2:30 主持新闻发布会。美国东部时间讨论央行的最新政策。</blockquote></p><p> The move to end the stimulus program sooner than officials planned at their meeting last month offers the most concrete sign of how Powell's focus has shifted toward preventing higher inflation from becoming entrenched. </p><p><blockquote>比官员们在上个月的会议上计划更早结束刺激计划的举动提供了最具体的迹象,表明鲍威尔的重点已经转向防止更高的通胀根深蒂固。</blockquote></p><p> But the updated policy comes as the omicron variant of the coronavirus that causes COVID-19 spreads, sparking fresh concerns about economic recovery and supply-chain bottlenecks that have helped underpin rising inflation. </p><p><blockquote>但更新后的政策出台之际,冠状病毒的奥密克戎变种导致了 COVID-19 的传播,引发了人们对经济复苏和供应链瓶颈的新担忧,而这些瓶颈有助于支撑通胀上升。</blockquote></p><p> The Dow Jones Industrial Average popped into positive territory, up 0.3% at 35,645, the S&P 500 index climbed 0.3% to 4,650, and the Nasdaq Composite Index briefly climbed to less than 0.1% higher at 15,269. The 10-year Treasury note yields 1.46% from around 1.44% before the Fed update.</p><p><blockquote>道琼斯工业平均指数突然进入正值区域,上涨 0.3%,至 35,645 点,标普500指数上涨 0.3%,至 4,650 点,纳斯达克综合指数短暂上涨不到 0.1%,至 15,269 点。10 年期国债收益率从美联储更新前的 1.44% 左右升至 1.46%。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1172651405","content_text":"U.S. stock benchmarks on Wednesday afternoon were pivoting modestly higher as the Federal Reserve held interest rates steady, as expected, but quickened the pace of wind-down of its bond-buying program, opening the door to interest-rate increases in the first half of 2022. \nProjections from the Fed point to three rate increases next year, with the current fed-funds rate at a range between 0% and 0.25%. Fed Chairman Jerome Powell will host a news conference at 2:30 p.m. ET to discuss the central bank's updated policy. \nThe move to end the stimulus program sooner than officials planned at their meeting last month offers the most concrete sign of how Powell's focus has shifted toward preventing higher inflation from becoming entrenched. \nBut the updated policy comes as the omicron variant of the coronavirus that causes COVID-19 spreads, sparking fresh concerns about economic recovery and supply-chain bottlenecks that have helped underpin rising inflation. \nThe Dow Jones Industrial Average popped into positive territory, up 0.3% at 35,645, the S&P 500 index climbed 0.3% to 4,650, and the Nasdaq Composite Index briefly climbed to less than 0.1% higher at 15,269. The 10-year Treasury note yields 1.46% from around 1.44% before the Fed update.","news_type":1,"symbols_score_info":{".SPX":0.9,".DJI":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":1508,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":607147447,"gmtCreate":1639516636282,"gmtModify":1639516636782,"author":{"id":"3572077804076143","authorId":"3572077804076143","name":"Yappy","avatar":"https://static.tigerbbs.com/ab4d89913ade03f15c782b99132ba22f","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572077804076143","idStr":"3572077804076143"},"themes":[],"title":"","htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/607147447","repostId":"2191581609","repostType":4,"isVote":1,"tweetType":1,"viewCount":1776,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":604455848,"gmtCreate":1639441231154,"gmtModify":1639441231682,"author":{"id":"3572077804076143","authorId":"3572077804076143","name":"Yappy","avatar":"https://static.tigerbbs.com/ab4d89913ade03f15c782b99132ba22f","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572077804076143","idStr":"3572077804076143"},"themes":[],"title":"","htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/604455848","repostId":"2191984334","repostType":4,"isVote":1,"tweetType":1,"viewCount":1051,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"hots":[{"id":135810186,"gmtCreate":1622156906845,"gmtModify":1634183425484,"author":{"id":"3572077804076143","authorId":"3572077804076143","name":"Yappy","avatar":"https://static.tigerbbs.com/ab4d89913ade03f15c782b99132ba22f","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572077804076143","idStr":"3572077804076143"},"themes":[],"title":"","htmlText":"Like n comments pls .thanks","listText":"Like n comments pls .thanks","text":"Like n comments pls .thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":7,"repostSize":0,"link":"https://laohu8.com/post/135810186","repostId":"1145940037","repostType":4,"repost":{"id":"1145940037","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":1622128786,"share":"https://www.laohunote.com/m/news/1145940037?lang=zh_CN&edition=full","pubTime":"2021-05-27 23:19","market":"us","language":"en","title":"AMC shares once rose 20%,making the growth rate expanded to 1000% so far in 2021<blockquote>AMC股价一度上涨20%,2021年至今涨幅扩大至1000%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1145940037","media":"Tiger Newspress","summary":"Today AMC shares once rose 20%,making the growth rate expanded to 1000% so far in 2021.Meme stocks s","content":"<p>Today AMC shares once rose 20%,making the growth rate expanded to 1000% so far in 2021.</p><p><blockquote>如今,AMC股价一度上涨20%,2021年至今涨幅扩大至1000%。</blockquote></p><p><img src=\"https://static.tigerbbs.com/3b8e58d91fa49e69cdf6288d5b6c520a\" tg-width=\"813\" tg-height=\"619\" referrerpolicy=\"no-referrer\">Meme stocks such as GameStop and AMC Entertainmentthat were the focus of retail investors on Reddit’s r/WallStreetBets forum earlier this year are riding another wave higher as the Reddit traders attempt to squeeze the stocks higher.</p><p><blockquote>今年早些时候,在 Reddit 的 r/WallStreetBets 论坛上,游戏驿站和 AMC Entertainment 等备受瞩目的股票曾是散户投资者关注的焦点,但随着 Reddit 交易员试图推高这些股票,它们又迎来了一波上涨。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AMC shares once rose 20%,making the growth rate expanded to 1000% so far in 2021<blockquote>AMC股价一度上涨20%,2021年至今涨幅扩大至1000%</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAMC shares once rose 20%,making the growth rate expanded to 1000% so far in 2021<blockquote>AMC股价一度上涨20%,2021年至今涨幅扩大至1000%</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\">2021-05-27 23:19</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Today AMC shares once rose 20%,making the growth rate expanded to 1000% so far in 2021.</p><p><blockquote>如今,AMC股价一度上涨20%,2021年至今涨幅扩大至1000%。</blockquote></p><p><img src=\"https://static.tigerbbs.com/3b8e58d91fa49e69cdf6288d5b6c520a\" tg-width=\"813\" tg-height=\"619\" referrerpolicy=\"no-referrer\">Meme stocks such as GameStop and AMC Entertainmentthat were the focus of retail investors on Reddit’s r/WallStreetBets forum earlier this year are riding another wave higher as the Reddit traders attempt to squeeze the stocks higher.</p><p><blockquote>今年早些时候,在 Reddit 的 r/WallStreetBets 论坛上,游戏驿站和 AMC Entertainment 等备受瞩目的股票曾是散户投资者关注的焦点,但随着 Reddit 交易员试图推高这些股票,它们又迎来了一波上涨。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMC":"AMC院线"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1145940037","content_text":"Today AMC shares once rose 20%,making the growth rate expanded to 1000% so far in 2021.Meme stocks such as GameStop and AMC Entertainmentthat were the focus of retail investors on Reddit’s r/WallStreetBets forum earlier this year are riding another wave higher as the Reddit traders attempt to squeeze the stocks higher.","news_type":1,"symbols_score_info":{"AMC":0.9}},"isVote":1,"tweetType":1,"viewCount":605,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":160662790,"gmtCreate":1623796302110,"gmtModify":1634028227796,"author":{"id":"3572077804076143","authorId":"3572077804076143","name":"Yappy","avatar":"https://static.tigerbbs.com/ab4d89913ade03f15c782b99132ba22f","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572077804076143","idStr":"3572077804076143"},"themes":[],"title":"","htmlText":"Like n comments.thanks","listText":"Like n comments.thanks","text":"Like n comments.thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":8,"repostSize":0,"link":"https://laohu8.com/post/160662790","repostId":"1191245053","repostType":4,"repost":{"id":"1191245053","kind":"news","pubTimestamp":1623762167,"share":"https://www.laohunote.com/m/news/1191245053?lang=zh_CN&edition=full","pubTime":"2021-06-15 21:02","market":"us","language":"en","title":"Quad-Witch Quandary: How Will Friday's $2 Trillion Gamma Expiration Impact Markets<blockquote>四女巫困境:周五 2 万亿美元伽马到期将如何影响市场</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1191245053","media":"zerohedge","summary":"Last week, when discussing thebizarre summer doldrumsin the market which pushed the VIX to the lowest level since the onset of the covid pandemic, we said that this period of abnormal market quiet is likely to last until this Friday' quad-witch, when a massive amount of gamma and delta expire and are de-risked, in the process eliminating one of the natural downside stock buffers .So picking up on the topic of Friday' potentially market-moving opex, Goldman' in-house derivatives expert, Rocky Fis","content":"<p>Last week, when discussing thebizarre summer doldrumsin the market which pushed the VIX to the lowest level since the onset of the covid pandemic, we said that this period of abnormal market quiet is likely to last until this Friday' quad-witch, when a massive amount of gamma and delta expire and are de-risked, in the process eliminating one of the natural downside stock buffers (see \"4 Reasons Why The Market Doldrums End With Next Friday's Op-Ex\").</p><p><blockquote>上周,在讨论市场奇怪的夏季低迷将 VIX 推至新冠疫情爆发以来的最低水平时,我们表示,这段异常的市场平静时期可能会持续到本周五的四女巫,届时大量伽马和德尔塔到期并被消除风险,在消除天然下行股票缓冲的过程中(参见“市场低迷以下周五的 Op-Ex 结束的 4 个原因”)。</blockquote></p><p> So picking up on the topic of Friday' potentially market-moving opex, Goldman' in-house derivatives expert, Rocky Fishman, previews June’s upcoming expiration which he dubs as \"large - comparable to a typical quarterly.\" Specifically,<b>there are $1.8 trillion of SPX options expiring on Friday, in addition to $240 billion of SPY options and $200 billion of options on SPX and SPX E-mini futures.</b></p><p><blockquote>因此,高盛内部衍生品专家洛基-菲什曼(Rocky Fishman)在谈到周五可能影响市场的运营支出时,对即将到期的 6 月份的运营支出进行了预览,他称之为 “规模庞大,堪比典型的季度”。具体而言,<b>周五有 1.8 万亿美元的 SPX 期权到期,此外还有 2400 亿美元的SPDR标普500指数ETF期权以及 2000 亿美元的 SPX 和 SPX E-mini 期货期权。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/0d1ece116794c7f6523250fd682450e3\" tg-width=\"959\" tg-height=\"765\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Yet while these totals are massive,<b>when adjusted for the index’s size the amount of expiring options within 10% of current spot is smaller than just about any quarterly over the past decade.</b></p><p><blockquote>然而,尽管这些总数很大,<b>根据指数规模进行调整后,在当前现货 10% 以内的到期期权数量比过去十年中任何一个季度都少。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/534b677774a92a59d4fe08f09359932b\" tg-width=\"500\" tg-height=\"298\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> It's worth noting that according to Goldman estimates that combos account<b>for 15-20% of SPX options,</b>so an adjusted open interest total would add up to $1.5tln, still much larger than total expiring single stock open interest ($775bln). Furthermore, with stocks at all time highs, it is to be expected that most of the June open interest is below the current SPX spot price. As shown in the chart below, the dual peaks are at 3,900 and 4,150. This means that after Friday, there may be a certain \"anti\"-gravity around those spots until gamma is refilled.</p><p><blockquote>值得注意的是,根据高盛的估计,组合账户<b>对于 15-20% 的 SPX 期权,</b>因此,调整后的未平仓合约总额将达到 1.5 万亿美元,仍远高于到期单只股票未平仓合约总额(7750 亿美元)。此外,由于股市处于历史高位,预计6月份的大部分未平仓合约将低于当前SPX现货价格。如下图所示,双峰位于3900和4150。这意味着周五之后,这些点周围可能会有一定的“反”引力,直到伽马射线被重新填充。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/adfcada2b0ef3f2ebbd684649a613043\" tg-width=\"936\" tg-height=\"541\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> The Goldman strategist then explains what he believes is below the abnormally low level of realized market vol, noting that - as we discussed last week - it is consistent with long gamma positioning. Consider that SPX<b>realized volatility over the past 13 trading days has been just 5.1% - the lowest 13-day realized vol since 2019.</b></p><p><blockquote>高盛策略师随后解释了他认为已实现市场交易量异常低水平的情况,并指出——正如我们上周讨论的那样——这与长期定位是一致的。考虑一下SPX<b>过去 13 个交易日的实现波动率仅为 5.1%,为 2019 年以来最低的 13 天实现波动率。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/afffda1e07736784ad695d95a9936421\" tg-width=\"952\" tg-height=\"558\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> This contrasts with extreme volatility in pockets of the single stock market; AMC, which had the highest contract volume among single stocks last week (but far less notional volume at$7bln/day than AMZN’s leading $120bln/day), has had close to 400% realized vol over the same period.</p><p><blockquote>这与单一股票市场部分地区的极端波动形成鲜明对比;AMC 上周的合约量是单只股票中最高的(但名义成交量为 70 亿美元/天,远低于 AMZN 领先的 1200 亿美元/天),同期已实现成交量的近 400%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/df2b7aeaadb37160a7eaf0ac08ba31de\" tg-width=\"1236\" tg-height=\"561\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Then, as Nomura's Charlie McElligott first noted last week, Goldman's derivatives team agrees that<b>the extremely low SPX realized volatility is consistent with the possibility that 18-Jun has left “the street” long index gamma, in which case Fishman echoeswhat we said last week, namely that \"realized volatility could pick up once positions are cleaner. \"</b>Meanwhile, the rising beta of VIX futures to the SPX indicates that investors expect short gamma dynamics to pick up should markets sell off. Translation:<u><b>the market will become much more volatile in a selloff.</b></u></p><p><blockquote>然后,正如野村证券的查理·麦切利戈特上周首次指出的那样,高盛的衍生品团队同意<b>SPX 极低的实现波动率与 6 月 18 日多头指数 gamma 离开 “街头 ”的可能性是一致的,在这种情况下,Fishman 呼应了我们上周所说的,即 “一旦头寸更加干净,实现波动率可能会上升”。</b>与此同时,SPX 的 VIX 期货贝塔系数上升表明,如果市场抛售,投资者预计短期伽马动态将会回升。翻译:<u><b>在抛售中,市场将变得更加波动。</b></u></blockquote></p><p> <img src=\"https://static.tigerbbs.com/76b01b8a05b70ec4f343626b1fad491b\" tg-width=\"931\" tg-height=\"560\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Meanwhile, and in keeping with the latest memo stock squeeze, Goldman also notes that while single stock option volumes continue to be high, it is well short of Q1 peaks. The large percentage of all single stock option activity driven by retail, and the predictive value of retail activity, have both heightened the attention on the single stock option market in recent weeks. Recent growth in single stock option activity has been concentrated in low-share-price stocks, leaving a shar prise in contract-volume over the past two weeks that has not been matched by notional volume. When adjusting notional volume for the size of the equity market, Goldman finds that single stock volume has actually been on the low of its 2021 range over the past two weeks which means that the latest ramps had little to no gamma squeeze components to them.</p><p><blockquote>与此同时,与最新的备忘录库存挤压保持一致,高盛还指出,虽然单一股票期权交易量仍然很高,但远低于第一季度的峰值。最近几周,由零售驱动的所有单一股票期权活动中所占的比例很大,以及零售活动的预测价值,都提高了人们对单一股票期权市场的关注度。最近单一股票期权活动的增长集中在低股价股票,导致过去两周的合约交易量中的股价与名义交易量不符。在根据股票市场规模调整名义成交量时,高盛发现,过去两周单只股票成交量实际上一直处于 2021 年区间的低点,这意味着最新的涨幅几乎没有伽马挤压成分。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/9c6c3df49e3e5d1e4a7a0d9c24696e6a\" tg-width=\"1212\" tg-height=\"608\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p><p> One final point which we discussed recently and which is in keeping with the growing retail participation in trading, is Goldman's observation that the trend toward shorter-dated SPX options (weeklies) and away from quarterlies, continues. That also is one of the reasons why Friday’s SPX expiration is smaller than many recent quarterlies, and why as it as approached expiration, its trading volume has been falling.</p><p><blockquote>我们最近讨论的最后一点是,高盛观察到,短期 SPX 期权(每周)和远离季度的趋势仍在继续,这与零售参与交易的不断增长是一致的。这也是为什么周五 SPX 到期日小于近期许多季度的原因之一,也是为什么随着到期日的临近,其交易量一直在下降。</blockquote></p><p> As Goldman explains, investors have been increasingly adopting the full calendar of SPX expirations, including expirations every Monday and Wednesday, as they tailor their views around events. In fact,<b>the percentage of SPX option volume happening in 3rd Friday expirations is at an all-time low,</b>and is now smaller than the percentage happening in Monday and Wednesday expirations. One explanation for heightened ultra-short-dated volumes is the strong single stock volumes: and here an interest suggesting from Goldman - \"to the extent market makers are unable to cover the short single stock gamma generated by retail investors’ call buying, they may be actively trading long positions in strips of ultra-short-dated SPX index options to offset this gamma.\"</p><p><blockquote>正如高盛解释的那样,投资者越来越多地采用 SPX 到期日的完整日历,包括每周一和周三的到期日,因为他们会根据事件调整自己的观点。其实,<b>第三个星期五到期的 SPX 期权交易量百分比处于历史最低点,</b>现在低于周一和周三到期的百分比。超短期交易量增加的一个解释是强劲的单只股票交易量: 高盛提出了一个观点--“如果做市商无法覆盖散户投资者购买看涨期权产生的单只股票空头范围,他们可能会积极交易一系列超短期 SPX 指数期权的多头头寸,以抵消这一范围”。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/bd0e886a62a61c70b0f299bd6c032a24\" tg-width=\"954\" tg-height=\"1128\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Why is this important? because if this trend is large enough, it directly contributes to low implied and realized correlation.<b>Ironically, by ramping single name, \"most-shorted names\", retail investors are ushering a period of unorthodox calm across the rest of the market!</b></p><p><blockquote>为什么这很重要?因为如果这种趋势足够大,它会直接导致低隐含和实现的相关性。<b>具有讽刺意味的是,通过增加单一名称,“最卖空的名称”,散户投资者正在迎来整个市场的非正统平静期!</b></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>Quad-Witch Quandary: How Will Friday's $2 Trillion Gamma Expiration Impact Markets<blockquote>四女巫困境:周五 2 万亿美元伽马到期将如何影响市场</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\">\nQuad-Witch Quandary: How Will Friday's $2 Trillion Gamma Expiration Impact Markets<blockquote>四女巫困境:周五 2 万亿美元伽马到期将如何影响市场</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">zerohedge</strong><span class=\"h-time small\">2021-06-15 21:02</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Last week, when discussing thebizarre summer doldrumsin the market which pushed the VIX to the lowest level since the onset of the covid pandemic, we said that this period of abnormal market quiet is likely to last until this Friday' quad-witch, when a massive amount of gamma and delta expire and are de-risked, in the process eliminating one of the natural downside stock buffers (see \"4 Reasons Why The Market Doldrums End With Next Friday's Op-Ex\").</p><p><blockquote>上周,在讨论市场奇怪的夏季低迷将 VIX 推至新冠疫情爆发以来的最低水平时,我们表示,这段异常的市场平静时期可能会持续到本周五的四女巫,届时大量伽马和德尔塔到期并被消除风险,在消除天然下行股票缓冲的过程中(参见“市场低迷以下周五的 Op-Ex 结束的 4 个原因”)。</blockquote></p><p> So picking up on the topic of Friday' potentially market-moving opex, Goldman' in-house derivatives expert, Rocky Fishman, previews June’s upcoming expiration which he dubs as \"large - comparable to a typical quarterly.\" Specifically,<b>there are $1.8 trillion of SPX options expiring on Friday, in addition to $240 billion of SPY options and $200 billion of options on SPX and SPX E-mini futures.</b></p><p><blockquote>因此,高盛内部衍生品专家洛基-菲什曼(Rocky Fishman)在谈到周五可能影响市场的运营支出时,对即将到期的 6 月份的运营支出进行了预览,他称之为 “规模庞大,堪比典型的季度”。具体而言,<b>周五有 1.8 万亿美元的 SPX 期权到期,此外还有 2400 亿美元的SPDR标普500指数ETF期权以及 2000 亿美元的 SPX 和 SPX E-mini 期货期权。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/0d1ece116794c7f6523250fd682450e3\" tg-width=\"959\" tg-height=\"765\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Yet while these totals are massive,<b>when adjusted for the index’s size the amount of expiring options within 10% of current spot is smaller than just about any quarterly over the past decade.</b></p><p><blockquote>然而,尽管这些总数很大,<b>根据指数规模进行调整后,在当前现货 10% 以内的到期期权数量比过去十年中任何一个季度都少。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/534b677774a92a59d4fe08f09359932b\" tg-width=\"500\" tg-height=\"298\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> It's worth noting that according to Goldman estimates that combos account<b>for 15-20% of SPX options,</b>so an adjusted open interest total would add up to $1.5tln, still much larger than total expiring single stock open interest ($775bln). Furthermore, with stocks at all time highs, it is to be expected that most of the June open interest is below the current SPX spot price. As shown in the chart below, the dual peaks are at 3,900 and 4,150. This means that after Friday, there may be a certain \"anti\"-gravity around those spots until gamma is refilled.</p><p><blockquote>值得注意的是,根据高盛的估计,组合账户<b>对于 15-20% 的 SPX 期权,</b>因此,调整后的未平仓合约总额将达到 1.5 万亿美元,仍远高于到期单只股票未平仓合约总额(7750 亿美元)。此外,由于股市处于历史高位,预计6月份的大部分未平仓合约将低于当前SPX现货价格。如下图所示,双峰位于3900和4150。这意味着周五之后,这些点周围可能会有一定的“反”引力,直到伽马射线被重新填充。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/adfcada2b0ef3f2ebbd684649a613043\" tg-width=\"936\" tg-height=\"541\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> The Goldman strategist then explains what he believes is below the abnormally low level of realized market vol, noting that - as we discussed last week - it is consistent with long gamma positioning. Consider that SPX<b>realized volatility over the past 13 trading days has been just 5.1% - the lowest 13-day realized vol since 2019.</b></p><p><blockquote>高盛策略师随后解释了他认为已实现市场交易量异常低水平的情况,并指出——正如我们上周讨论的那样——这与长期定位是一致的。考虑一下SPX<b>过去 13 个交易日的实现波动率仅为 5.1%,为 2019 年以来最低的 13 天实现波动率。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/afffda1e07736784ad695d95a9936421\" tg-width=\"952\" tg-height=\"558\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> This contrasts with extreme volatility in pockets of the single stock market; AMC, which had the highest contract volume among single stocks last week (but far less notional volume at$7bln/day than AMZN’s leading $120bln/day), has had close to 400% realized vol over the same period.</p><p><blockquote>这与单一股票市场部分地区的极端波动形成鲜明对比;AMC 上周的合约量是单只股票中最高的(但名义成交量为 70 亿美元/天,远低于 AMZN 领先的 1200 亿美元/天),同期已实现成交量的近 400%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/df2b7aeaadb37160a7eaf0ac08ba31de\" tg-width=\"1236\" tg-height=\"561\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Then, as Nomura's Charlie McElligott first noted last week, Goldman's derivatives team agrees that<b>the extremely low SPX realized volatility is consistent with the possibility that 18-Jun has left “the street” long index gamma, in which case Fishman echoeswhat we said last week, namely that \"realized volatility could pick up once positions are cleaner. \"</b>Meanwhile, the rising beta of VIX futures to the SPX indicates that investors expect short gamma dynamics to pick up should markets sell off. Translation:<u><b>the market will become much more volatile in a selloff.</b></u></p><p><blockquote>然后,正如野村证券的查理·麦切利戈特上周首次指出的那样,高盛的衍生品团队同意<b>SPX 极低的实现波动率与 6 月 18 日多头指数 gamma 离开 “街头 ”的可能性是一致的,在这种情况下,Fishman 呼应了我们上周所说的,即 “一旦头寸更加干净,实现波动率可能会上升”。</b>与此同时,SPX 的 VIX 期货贝塔系数上升表明,如果市场抛售,投资者预计短期伽马动态将会回升。翻译:<u><b>在抛售中,市场将变得更加波动。</b></u></blockquote></p><p> <img src=\"https://static.tigerbbs.com/76b01b8a05b70ec4f343626b1fad491b\" tg-width=\"931\" tg-height=\"560\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Meanwhile, and in keeping with the latest memo stock squeeze, Goldman also notes that while single stock option volumes continue to be high, it is well short of Q1 peaks. The large percentage of all single stock option activity driven by retail, and the predictive value of retail activity, have both heightened the attention on the single stock option market in recent weeks. Recent growth in single stock option activity has been concentrated in low-share-price stocks, leaving a shar prise in contract-volume over the past two weeks that has not been matched by notional volume. When adjusting notional volume for the size of the equity market, Goldman finds that single stock volume has actually been on the low of its 2021 range over the past two weeks which means that the latest ramps had little to no gamma squeeze components to them.</p><p><blockquote>与此同时,与最新的备忘录库存挤压保持一致,高盛还指出,虽然单一股票期权交易量仍然很高,但远低于第一季度的峰值。最近几周,由零售驱动的所有单一股票期权活动中所占的比例很大,以及零售活动的预测价值,都提高了人们对单一股票期权市场的关注度。最近单一股票期权活动的增长集中在低股价股票,导致过去两周的合约交易量中的股价与名义交易量不符。在根据股票市场规模调整名义成交量时,高盛发现,过去两周单只股票成交量实际上一直处于 2021 年区间的低点,这意味着最新的涨幅几乎没有伽马挤压成分。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/9c6c3df49e3e5d1e4a7a0d9c24696e6a\" tg-width=\"1212\" tg-height=\"608\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p><p> One final point which we discussed recently and which is in keeping with the growing retail participation in trading, is Goldman's observation that the trend toward shorter-dated SPX options (weeklies) and away from quarterlies, continues. That also is one of the reasons why Friday’s SPX expiration is smaller than many recent quarterlies, and why as it as approached expiration, its trading volume has been falling.</p><p><blockquote>我们最近讨论的最后一点是,高盛观察到,短期 SPX 期权(每周)和远离季度的趋势仍在继续,这与零售参与交易的不断增长是一致的。这也是为什么周五 SPX 到期日小于近期许多季度的原因之一,也是为什么随着到期日的临近,其交易量一直在下降。</blockquote></p><p> As Goldman explains, investors have been increasingly adopting the full calendar of SPX expirations, including expirations every Monday and Wednesday, as they tailor their views around events. In fact,<b>the percentage of SPX option volume happening in 3rd Friday expirations is at an all-time low,</b>and is now smaller than the percentage happening in Monday and Wednesday expirations. One explanation for heightened ultra-short-dated volumes is the strong single stock volumes: and here an interest suggesting from Goldman - \"to the extent market makers are unable to cover the short single stock gamma generated by retail investors’ call buying, they may be actively trading long positions in strips of ultra-short-dated SPX index options to offset this gamma.\"</p><p><blockquote>正如高盛解释的那样,投资者越来越多地采用 SPX 到期日的完整日历,包括每周一和周三的到期日,因为他们会根据事件调整自己的观点。其实,<b>第三个星期五到期的 SPX 期权交易量百分比处于历史最低点,</b>现在低于周一和周三到期的百分比。超短期交易量增加的一个解释是强劲的单只股票交易量: 高盛提出了一个观点--“如果做市商无法覆盖散户投资者购买看涨期权产生的单只股票空头范围,他们可能会积极交易一系列超短期 SPX 指数期权的多头头寸,以抵消这一范围”。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/bd0e886a62a61c70b0f299bd6c032a24\" tg-width=\"954\" tg-height=\"1128\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Why is this important? because if this trend is large enough, it directly contributes to low implied and realized correlation.<b>Ironically, by ramping single name, \"most-shorted names\", retail investors are ushering a period of unorthodox calm across the rest of the market!</b></p><p><blockquote>为什么这很重要?因为如果这种趋势足够大,它会直接导致低隐含和实现的相关性。<b>具有讽刺意味的是,通过增加单一名称,“最卖空的名称”,散户投资者正在迎来整个市场的非正统平静期!</b></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://www.zerohedge.com/markets/quad-witch-quandary-how-will-fridays-2-trillion-gamma-expiration-impact-markets\">zerohedge</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":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯","SPY":"标普500ETF"},"source_url":"https://www.zerohedge.com/markets/quad-witch-quandary-how-will-fridays-2-trillion-gamma-expiration-impact-markets","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1191245053","content_text":"Last week, when discussing thebizarre summer doldrumsin the market which pushed the VIX to the lowest level since the onset of the covid pandemic, we said that this period of abnormal market quiet is likely to last until this Friday' quad-witch, when a massive amount of gamma and delta expire and are de-risked, in the process eliminating one of the natural downside stock buffers (see \"4 Reasons Why The Market Doldrums End With Next Friday's Op-Ex\").\nSo picking up on the topic of Friday' potentially market-moving opex, Goldman' in-house derivatives expert, Rocky Fishman, previews June’s upcoming expiration which he dubs as \"large - comparable to a typical quarterly.\" Specifically,there are $1.8 trillion of SPX options expiring on Friday, in addition to $240 billion of SPY options and $200 billion of options on SPX and SPX E-mini futures.\n\nYet while these totals are massive,when adjusted for the index’s size the amount of expiring options within 10% of current spot is smaller than just about any quarterly over the past decade.\n\nIt's worth noting that according to Goldman estimates that combos accountfor 15-20% of SPX options,so an adjusted open interest total would add up to $1.5tln, still much larger than total expiring single stock open interest ($775bln). Furthermore, with stocks at all time highs, it is to be expected that most of the June open interest is below the current SPX spot price. As shown in the chart below, the dual peaks are at 3,900 and 4,150. This means that after Friday, there may be a certain \"anti\"-gravity around those spots until gamma is refilled.\n\nThe Goldman strategist then explains what he believes is below the abnormally low level of realized market vol, noting that - as we discussed last week - it is consistent with long gamma positioning. Consider that SPXrealized volatility over the past 13 trading days has been just 5.1% - the lowest 13-day realized vol since 2019.\n\nThis contrasts with extreme volatility in pockets of the single stock market; AMC, which had the highest contract volume among single stocks last week (but far less notional volume at$7bln/day than AMZN’s leading $120bln/day), has had close to 400% realized vol over the same period.\n\nThen, as Nomura's Charlie McElligott first noted last week, Goldman's derivatives team agrees thatthe extremely low SPX realized volatility is consistent with the possibility that 18-Jun has left “the street” long index gamma, in which case Fishman echoeswhat we said last week, namely that \"realized volatility could pick up once positions are cleaner. \"Meanwhile, the rising beta of VIX futures to the SPX indicates that investors expect short gamma dynamics to pick up should markets sell off. Translation:the market will become much more volatile in a selloff.\n\nMeanwhile, and in keeping with the latest memo stock squeeze, Goldman also notes that while single stock option volumes continue to be high, it is well short of Q1 peaks. The large percentage of all single stock option activity driven by retail, and the predictive value of retail activity, have both heightened the attention on the single stock option market in recent weeks. Recent growth in single stock option activity has been concentrated in low-share-price stocks, leaving a shar prise in contract-volume over the past two weeks that has not been matched by notional volume. When adjusting notional volume for the size of the equity market, Goldman finds that single stock volume has actually been on the low of its 2021 range over the past two weeks which means that the latest ramps had little to no gamma squeeze components to them.\n\nOne final point which we discussed recently and which is in keeping with the growing retail participation in trading, is Goldman's observation that the trend toward shorter-dated SPX options (weeklies) and away from quarterlies, continues. That also is one of the reasons why Friday’s SPX expiration is smaller than many recent quarterlies, and why as it as approached expiration, its trading volume has been falling.\nAs Goldman explains, investors have been increasingly adopting the full calendar of SPX expirations, including expirations every Monday and Wednesday, as they tailor their views around events. In fact,the percentage of SPX option volume happening in 3rd Friday expirations is at an all-time low,and is now smaller than the percentage happening in Monday and Wednesday expirations. One explanation for heightened ultra-short-dated volumes is the strong single stock volumes: and here an interest suggesting from Goldman - \"to the extent market makers are unable to cover the short single stock gamma generated by retail investors’ call buying, they may be actively trading long positions in strips of ultra-short-dated SPX index options to offset this gamma.\"\n\nWhy is this important? because if this trend is large enough, it directly contributes to low implied and realized correlation.Ironically, by ramping single name, \"most-shorted names\", retail investors are ushering a period of unorthodox calm across the rest of the market!","news_type":1,"symbols_score_info":{".SPX":0.9,".DJI":0.9,"SPY":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":727,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":370998869,"gmtCreate":1618540849751,"gmtModify":1634292207402,"author":{"id":"3572077804076143","authorId":"3572077804076143","name":"Yappy","avatar":"https://static.tigerbbs.com/ab4d89913ade03f15c782b99132ba22f","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572077804076143","idStr":"3572077804076143"},"themes":[],"title":"","htmlText":"Pls like n comments .thanks","listText":"Pls like n comments .thanks","text":"Pls like n comments .thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":6,"repostSize":0,"link":"https://laohu8.com/post/370998869","repostId":"1184470866","repostType":4,"isVote":1,"tweetType":1,"viewCount":572,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":801288833,"gmtCreate":1627518676822,"gmtModify":1633764240079,"author":{"id":"3572077804076143","authorId":"3572077804076143","name":"Yappy","avatar":"https://static.tigerbbs.com/ab4d89913ade03f15c782b99132ba22f","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572077804076143","idStr":"3572077804076143"},"themes":[],"title":"","htmlText":"Like n comment","listText":"Like n comment","text":"Like n comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/801288833","repostId":"1127264445","repostType":4,"repost":{"id":"1127264445","kind":"news","pubTimestamp":1627514621,"share":"https://www.laohunote.com/m/news/1127264445?lang=zh_CN&edition=full","pubTime":"2021-07-29 07:23","market":"us","language":"en","title":"S&P 500 ends off day's lows; Powell says Fed still a ways away from rate hikes<blockquote>标普500结束当日低点;鲍威尔表示美联储距离加息还有一段路要走</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1127264445","media":"Reuters","summary":"NEW YORK (Reuters) - The S&P 500 ended little changed on Wednesday but off its session lows after th","content":"<p>NEW YORK (Reuters) - The S&P 500 ended little changed on Wednesday but off its session lows after the Federal Reserve said the U.S. economic recovery remains on track and Chair Jerome <a href=\"https://laohu8.com/S/POWL\">Powell</a> said the central bank was still a ways away from considering raising interest rates.</p><p><blockquote>路透纽约2月29日 - 标普500周三收盘变化不大,但在美联储表示美国经济复苏仍在轨道上,美联储主席Jerome<a href=\"https://laohu8.com/S/POWL\">鲍威尔</a>表示央行距离考虑加息还有一段距离。</blockquote></p><p> Keeping the market in check, shares of tech giant <a href=\"https://laohu8.com/S/AAPL\">Apple</a> Inc fell 1.2% after it forecast slowing revenue growth.</p><p><blockquote>控制市场,科技巨头的股票<a href=\"https://laohu8.com/S/AAPL\">苹果</a>Inc 在预测收入增长放缓后下跌 1.2%。</blockquote></p><p> In a news conference following the release of a new policy statement from the Fed, Powell also said the U.S. job market still had “some ground to cover” before it would be time to pull back from the economic support the U.S. central bank put in place in the spring of 2020 to battle the coronavirus pandemic’s economic shocks.</p><p><blockquote>在美联储发布新政策声明后的新闻发布会上,鲍威尔还表示,在美国央行于 2020 年春季为应对冠状病毒大流行带来的经济冲击而实施的经济支持之前,美国就业市场仍有 “一些需要填补的空间”。</blockquote></p><p> “It looks like probably the most positive thing for the market was that they are nowhere near increasing interest rates,” said Alan Lancz, president, Alan B. Lancz & Associates Inc, an investment advisory firm based in Toledo, Ohio.</p><p><blockquote>“总部位于俄亥俄州托莱多的投资咨询公司 Alan B. Lancz & Associates Inc. 总裁艾伦-兰茨(Alan Lancz)说:”看来,对市场来说最积极的事情可能是,他们远未加息。</blockquote></p><p> Right after the Fed statement, the S&P 500 index reversed slight declines though it still ended a hair lower on the day.</p><p><blockquote>美联储声明发布后,标普500指数扭转了小幅跌势,但当天收盘仍小幅下跌。</blockquote></p><p> <a href=\"https://laohu8.com/S/ISBC\">Investors</a> have been worried about how rising inflation and a spike in COVID-19 cases might impact the central bank’s plan to potentially start withdrawing its stimulus.</p><p><blockquote><a href=\"https://laohu8.com/S/ISBC\">投资者</a>一直担心通胀上升和 COVID-19 病例激增会如何影响央行可能开始撤回刺激计划的计划。</blockquote></p><p> The central bank also said that higher inflation remained the result of “transitory factors.” The Fed kept its overnight benchmark interest rate near zero and left unchanged its bond-buying program.</p><p><blockquote>央行还表示,通胀上升仍然是 “暂时因素 ”的结果。美联储将隔夜基准利率维持在接近于零的水平,并维持债券购买计划不变。</blockquote></p><p> The <a href=\"https://laohu8.com/S/NDAQ\">Nasdaq</a> ended higher and shares of Google parent <a href=\"https://laohu8.com/S/GOOG\">Alphabet</a> Inc hit an all-time high as a surge in advertising spending helped it post record quarterly results. The stock ended up 3.2%.</p><p><blockquote>这个<a href=\"https://laohu8.com/S/NDAQ\">纳斯达克</a>谷歌母公司股价收高<a href=\"https://laohu8.com/S/GOOG\">Alphabet</a>Inc 创下历史新高,广告支出激增帮助其公布了创纪录的季度业绩。该股收盘上涨3.2%。</blockquote></p><p> The Dow Jones Industrial Average fell 127.59 points, or 0.36%, to 34,930.93, the S&P 500 lost 0.82 point, or 0.02%, to 4,400.64 and the Nasdaq Composite added 102.01 points, or 0.7%, to 14,762.58.</p><p><blockquote>道琼斯工业平均指数下跌127.59点,跌幅0.36%,至34,930.93点;标普500指数下跌0.82点,跌幅0.02%,至4,400.64点;纳斯达克综合指数上涨102.01点,跌幅0.7%,至14,762.58点。</blockquote></p><p> The Fed’s statement came at the conclusion of its latest two-day policy meeting.</p><p><blockquote>美联储是在最近一次为期两天的政策会议结束时发表上述声明的。</blockquote></p><p> “They had a chance to signal they were going to become more hawkish and they chose not to take it. The most important thing is they are predictable and they are remaining predictable,” said Ellen Hazen, portfolio manager at F.L. Putnam Investment Management in <a href=\"https://laohu8.com/S/WEBK\">Wellesley</a>, Massachusetts.</p><p><blockquote>“他们有机会发出信号,表明他们将变得更加鹰派,但他们选择不接受。最重要的是,他们是可预测的,而且他们仍然是可预测的,”F.L. 的投资组合经理艾伦-哈森(Ellen Hazen)说。普特南投资管理公司<a href=\"https://laohu8.com/S/WEBK\">韦尔斯利</a>马萨诸塞州。</blockquote></p><p> In other earnings news, <a href=\"https://laohu8.com/S/MSFT\">Microsoft</a> Corp ended down 0.1% even as a boom in cloud services helped it beat Wall Street expectations for revenue and earnings.</p><p><blockquote>在其他财报新闻中,<a href=\"https://laohu8.com/S/MSFT\">微软</a>尽管云服务的繁荣帮助该公司的收入和盈利超出了华尔街的预期,但该公司最终下跌了 0.1%。</blockquote></p><p> Volume on U.S. exchanges was 9.86 billion shares, compared with a similar average for the full session over the last 20 trading days.</p><p><blockquote>美国交易所的成交量为 98.6 亿股,而过去 20 个交易日整个交易日的平均成交量也类似。</blockquote></p><p> Advancing issues outnumbered declining ones on the NYSE by a 1.85-to-1 ratio; on Nasdaq, a 2.61-to-1 ratio favored advancers.</p><p><blockquote>纽约证券交易所上涨发行量超过下跌发行量,比例为 1.85 比 1;在纳斯达克,2.61比1的比率有利于进步人士。</blockquote></p><p> The S&P 500 posted 42 new 52-week highs and no new lows; the Nasdaq Composite recorded 44 new highs and 67 new lows.</p><p><blockquote>标普500创下42个52周新高,没有新低;纳斯达克综合指数创下44个新高和67个新低。</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>S&P 500 ends off day's lows; Powell says Fed still a ways away from rate hikes<blockquote>标普500结束当日低点;鲍威尔表示美联储距离加息还有一段路要走</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\">\nS&P 500 ends off day's lows; Powell says Fed still a ways away from rate hikes<blockquote>标普500结束当日低点;鲍威尔表示美联储距离加息还有一段路要走</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Reuters</strong><span class=\"h-time small\">2021-07-29 07:23</span>\n</p>\n</h4>\n</header>\n<article>\n<p>NEW YORK (Reuters) - The S&P 500 ended little changed on Wednesday but off its session lows after the Federal Reserve said the U.S. economic recovery remains on track and Chair Jerome <a href=\"https://laohu8.com/S/POWL\">Powell</a> said the central bank was still a ways away from considering raising interest rates.</p><p><blockquote>路透纽约2月29日 - 标普500周三收盘变化不大,但在美联储表示美国经济复苏仍在轨道上,美联储主席Jerome<a href=\"https://laohu8.com/S/POWL\">鲍威尔</a>表示央行距离考虑加息还有一段距离。</blockquote></p><p> Keeping the market in check, shares of tech giant <a href=\"https://laohu8.com/S/AAPL\">Apple</a> Inc fell 1.2% after it forecast slowing revenue growth.</p><p><blockquote>控制市场,科技巨头的股票<a href=\"https://laohu8.com/S/AAPL\">苹果</a>Inc 在预测收入增长放缓后下跌 1.2%。</blockquote></p><p> In a news conference following the release of a new policy statement from the Fed, Powell also said the U.S. job market still had “some ground to cover” before it would be time to pull back from the economic support the U.S. central bank put in place in the spring of 2020 to battle the coronavirus pandemic’s economic shocks.</p><p><blockquote>在美联储发布新政策声明后的新闻发布会上,鲍威尔还表示,在美国央行于 2020 年春季为应对冠状病毒大流行带来的经济冲击而实施的经济支持之前,美国就业市场仍有 “一些需要填补的空间”。</blockquote></p><p> “It looks like probably the most positive thing for the market was that they are nowhere near increasing interest rates,” said Alan Lancz, president, Alan B. Lancz & Associates Inc, an investment advisory firm based in Toledo, Ohio.</p><p><blockquote>“总部位于俄亥俄州托莱多的投资咨询公司 Alan B. Lancz & Associates Inc. 总裁艾伦-兰茨(Alan Lancz)说:”看来,对市场来说最积极的事情可能是,他们远未加息。</blockquote></p><p> Right after the Fed statement, the S&P 500 index reversed slight declines though it still ended a hair lower on the day.</p><p><blockquote>美联储声明发布后,标普500指数扭转了小幅跌势,但当天收盘仍小幅下跌。</blockquote></p><p> <a href=\"https://laohu8.com/S/ISBC\">Investors</a> have been worried about how rising inflation and a spike in COVID-19 cases might impact the central bank’s plan to potentially start withdrawing its stimulus.</p><p><blockquote><a href=\"https://laohu8.com/S/ISBC\">投资者</a>一直担心通胀上升和 COVID-19 病例激增会如何影响央行可能开始撤回刺激计划的计划。</blockquote></p><p> The central bank also said that higher inflation remained the result of “transitory factors.” The Fed kept its overnight benchmark interest rate near zero and left unchanged its bond-buying program.</p><p><blockquote>央行还表示,通胀上升仍然是 “暂时因素 ”的结果。美联储将隔夜基准利率维持在接近于零的水平,并维持债券购买计划不变。</blockquote></p><p> The <a href=\"https://laohu8.com/S/NDAQ\">Nasdaq</a> ended higher and shares of Google parent <a href=\"https://laohu8.com/S/GOOG\">Alphabet</a> Inc hit an all-time high as a surge in advertising spending helped it post record quarterly results. The stock ended up 3.2%.</p><p><blockquote>这个<a href=\"https://laohu8.com/S/NDAQ\">纳斯达克</a>谷歌母公司股价收高<a href=\"https://laohu8.com/S/GOOG\">Alphabet</a>Inc 创下历史新高,广告支出激增帮助其公布了创纪录的季度业绩。该股收盘上涨3.2%。</blockquote></p><p> The Dow Jones Industrial Average fell 127.59 points, or 0.36%, to 34,930.93, the S&P 500 lost 0.82 point, or 0.02%, to 4,400.64 and the Nasdaq Composite added 102.01 points, or 0.7%, to 14,762.58.</p><p><blockquote>道琼斯工业平均指数下跌127.59点,跌幅0.36%,至34,930.93点;标普500指数下跌0.82点,跌幅0.02%,至4,400.64点;纳斯达克综合指数上涨102.01点,跌幅0.7%,至14,762.58点。</blockquote></p><p> The Fed’s statement came at the conclusion of its latest two-day policy meeting.</p><p><blockquote>美联储是在最近一次为期两天的政策会议结束时发表上述声明的。</blockquote></p><p> “They had a chance to signal they were going to become more hawkish and they chose not to take it. The most important thing is they are predictable and they are remaining predictable,” said Ellen Hazen, portfolio manager at F.L. Putnam Investment Management in <a href=\"https://laohu8.com/S/WEBK\">Wellesley</a>, Massachusetts.</p><p><blockquote>“他们有机会发出信号,表明他们将变得更加鹰派,但他们选择不接受。最重要的是,他们是可预测的,而且他们仍然是可预测的,”F.L. 的投资组合经理艾伦-哈森(Ellen Hazen)说。普特南投资管理公司<a href=\"https://laohu8.com/S/WEBK\">韦尔斯利</a>马萨诸塞州。</blockquote></p><p> In other earnings news, <a href=\"https://laohu8.com/S/MSFT\">Microsoft</a> Corp ended down 0.1% even as a boom in cloud services helped it beat Wall Street expectations for revenue and earnings.</p><p><blockquote>在其他财报新闻中,<a href=\"https://laohu8.com/S/MSFT\">微软</a>尽管云服务的繁荣帮助该公司的收入和盈利超出了华尔街的预期,但该公司最终下跌了 0.1%。</blockquote></p><p> Volume on U.S. exchanges was 9.86 billion shares, compared with a similar average for the full session over the last 20 trading days.</p><p><blockquote>美国交易所的成交量为 98.6 亿股,而过去 20 个交易日整个交易日的平均成交量也类似。</blockquote></p><p> Advancing issues outnumbered declining ones on the NYSE by a 1.85-to-1 ratio; on Nasdaq, a 2.61-to-1 ratio favored advancers.</p><p><blockquote>纽约证券交易所上涨发行量超过下跌发行量,比例为 1.85 比 1;在纳斯达克,2.61比1的比率有利于进步人士。</blockquote></p><p> The S&P 500 posted 42 new 52-week highs and no new lows; the Nasdaq Composite recorded 44 new highs and 67 new lows.</p><p><blockquote>标普500创下42个52周新高,没有新低;纳斯达克综合指数创下44个新高和67个新低。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://www.reuters.com/article/usa-stocks/us-stocks-sp-500-ends-off-days-lows-powell-says-fed-still-a-ways-away-from-rate-hikes-idUSL1N2P435H\">Reuters</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":{"161125":"标普500","SPY":"标普500ETF","OEX":"标普100",".DJI":"道琼斯","SSO":"2倍做多标普500ETF-ProShares","IVV":"标普500ETF-iShares","SDS":"两倍做空标普500 ETF-ProShares","SPXU":"三倍做空标普500ETF-ProShares",".IXIC":"NASDAQ Composite","OEF":"标普100指数ETF-iShares","UPRO":"三倍做多标普500ETF-ProShares","SH":"做空标普500-Proshares",".SPX":"S&P 500 Index"},"source_url":"https://www.reuters.com/article/usa-stocks/us-stocks-sp-500-ends-off-days-lows-powell-says-fed-still-a-ways-away-from-rate-hikes-idUSL1N2P435H","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1127264445","content_text":"NEW YORK (Reuters) - The S&P 500 ended little changed on Wednesday but off its session lows after the Federal Reserve said the U.S. economic recovery remains on track and Chair Jerome Powell said the central bank was still a ways away from considering raising interest rates.\nKeeping the market in check, shares of tech giant Apple Inc fell 1.2% after it forecast slowing revenue growth.\nIn a news conference following the release of a new policy statement from the Fed, Powell also said the U.S. job market still had “some ground to cover” before it would be time to pull back from the economic support the U.S. central bank put in place in the spring of 2020 to battle the coronavirus pandemic’s economic shocks.\n“It looks like probably the most positive thing for the market was that they are nowhere near increasing interest rates,” said Alan Lancz, president, Alan B. Lancz & Associates Inc, an investment advisory firm based in Toledo, Ohio.\nRight after the Fed statement, the S&P 500 index reversed slight declines though it still ended a hair lower on the day.\nInvestors have been worried about how rising inflation and a spike in COVID-19 cases might impact the central bank’s plan to potentially start withdrawing its stimulus.\nThe central bank also said that higher inflation remained the result of “transitory factors.” The Fed kept its overnight benchmark interest rate near zero and left unchanged its bond-buying program.\nThe Nasdaq ended higher and shares of Google parent Alphabet Inc hit an all-time high as a surge in advertising spending helped it post record quarterly results. The stock ended up 3.2%.\nThe Dow Jones Industrial Average fell 127.59 points, or 0.36%, to 34,930.93, the S&P 500 lost 0.82 point, or 0.02%, to 4,400.64 and the Nasdaq Composite added 102.01 points, or 0.7%, to 14,762.58.\nThe Fed’s statement came at the conclusion of its latest two-day policy meeting.\n“They had a chance to signal they were going to become more hawkish and they chose not to take it. The most important thing is they are predictable and they are remaining predictable,” said Ellen Hazen, portfolio manager at F.L. Putnam Investment Management in Wellesley, Massachusetts.\nIn other earnings news, Microsoft Corp ended down 0.1% even as a boom in cloud services helped it beat Wall Street expectations for revenue and earnings.\nVolume on U.S. exchanges was 9.86 billion shares, compared with a similar average for the full session over the last 20 trading days.\nAdvancing issues outnumbered declining ones on the NYSE by a 1.85-to-1 ratio; on Nasdaq, a 2.61-to-1 ratio favored advancers.\nThe S&P 500 posted 42 new 52-week highs and no new lows; the Nasdaq Composite recorded 44 new highs and 67 new lows.","news_type":1,"symbols_score_info":{"161125":0.9,"SH":0.9,"OEF":0.9,"SSO":0.9,".SPX":0.9,"UPRO":0.9,".IXIC":0.9,".DJI":0.9,"IVV":0.9,"SPXU":0.9,"SDS":0.9,"ESmain":0.9,"SPY":0.9,"OEX":0.9}},"isVote":1,"tweetType":1,"viewCount":362,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":177219477,"gmtCreate":1627222117299,"gmtModify":1633767074010,"author":{"id":"3572077804076143","authorId":"3572077804076143","name":"Yappy","avatar":"https://static.tigerbbs.com/ab4d89913ade03f15c782b99132ba22f","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572077804076143","idStr":"3572077804076143"},"themes":[],"title":"","htmlText":"Like n comment","listText":"Like n comment","text":"Like n comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":5,"repostSize":0,"link":"https://laohu8.com/post/177219477","repostId":"1118041582","repostType":4,"repost":{"id":"1118041582","kind":"news","pubTimestamp":1627175995,"share":"https://www.laohunote.com/m/news/1118041582?lang=zh_CN&edition=full","pubTime":"2021-07-25 09:19","market":"us","language":"en","title":"US IPO Week Ahead: 17 IPOs are coming<blockquote>美国 IPO 未来一周:17 家 IPO 即将到来</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1118041582","media":"Renaissance Capital","summary":"After another week of record activity, the IPO market is expected to remain hot with 17 IPOs schedul","content":"<p>After another week of record activity, the IPO market is expected to remain hot with 17 IPOs scheduled for the week ahead.</p><p><blockquote>经过又一周创纪录的活动,IPO市场预计将保持火爆,未来一周将有17起IPO。</blockquote></p><p> Long-awaited retail brokerage <b>Robinhood Markets</b>(HOOD) plans to raise $2.2 billion at a $36.8 billion market cap. The company offers a no-commission retail brokerage platform with over 18 million MAUs. Despite triple-digit revenue growth in the 1Q21, the platform is dependent on trading volumes, and the recent retail trading boom may be unsustainable.</p><p><blockquote>期待已久的零售经纪业务<b>罗宾汉市场</b>(HOOD)计划以368亿美元的市值筹集22亿美元。该公司提供一个免佣金的零售经纪平台,拥有超过1800万MAU。尽管2021年第一季度的收入实现了三位数的增长,但该平台依赖于交易量,最近的零售交易热潮可能是不可持续的。</blockquote></p><p> Vehicle battery maker <b>Clarios International</b>(BTRY) plans to raise $1.7 billion at a $9.7 billion market cap. The company manufactures low-voltage vehicles batteries globally, stating that it has the number one market position in the Americas and EMEA. Profitable on an EBIT basis, Clarios saw revenue growth accelerate in the 1H FY21 after turning negative in the FY20 due to COVID.</p><p><blockquote>汽车电池制造商<b>克拉里奥斯国际</b>(BTRY) 计划以 97 亿美元的市值筹集 17 亿美元。该公司在全球范围内生产低压汽车电池,并表示其在美洲和欧洲、中东和非洲地区拥有第一大市场地位。按息税前利润计算,Clarios 在 2020 财年因新冠疫情而出现负增长后,在 2021 财年上半年收入增长加速。</blockquote></p><p> Altice’s ad-tech platform <b>Teads</b>(TEAD) plans to raise $751 million at a $4.6 billion market cap. Teads operates a cloud-based programmatic digital advertising platform for advertisers and publishers. Profitable with solid growth, Teads provides monetization services to about 3,100 publishers.</p><p><blockquote>Altice的广告技术平台<b>提德</b>(TEAD) 计划以 46 亿美元的市值筹集 7.51 亿美元。Teads为广告商和出版商运营一个基于云的程序化数字广告平台。Teads 盈利稳健,为约 3,100 家出版商提供货币化服务。</blockquote></p><p> Education software provider <b>PowerSchool Holdings</b>(PWSC) plans to raise $750 million at a $3.7 billion market cap. The company provides an education platform for teachers to manage classroom activities such as collecting work and grading assignments. Serving over 12,000 customers in over 90 countries globally, PowerSchool turned profitable on a net income basis in the 1Q21.</p><p><blockquote>教育软件提供商<b>PowerSchool控股</b>(PWSC)计划以37亿美元的市值筹集7.5亿美元。该公司为教师提供了一个教育平台,用于管理课堂活动,如收集作业和批改作业。PowerSchool为全球90多个国家的12,000多名客户提供服务,在2021年第一季度实现了净利润盈利。</blockquote></p><p> After withdrawing its IPO attempt in 2018,<b>Dole</b>(DOLE) plans to raise $559 million at a $2.0 billion market cap. This leading fruit and vegetable company offers over 300 products sourced from over 30 countries to over 80 countries globally. Slow growing and profitable, Dole's offering is being made in connection with its merger with Total Produce.</p><p><blockquote>在2018年撤回IPO尝试后,<b>下</b>(都乐)计划以 20 亿美元的市值筹集 5.59 亿美元。这家领先的水果和蔬菜公司提供来自全球30多个国家和80多个国家的300多种产品。都乐的发行增长缓慢且盈利,与其与道达尔农产品合并有关。</blockquote></p><p> Language learning platform <b>Duolingo</b>(DUOL) plans to raise $460 million at a $4.1 billion market cap. Duolingo provides an online platform for over 300 million users to learn over 30 new languages. Benefiting from a COVID-related boost in demand, Duolingo posted triple-digit growth in 2020.</p><p><blockquote>语言学习平台<b>多邻国</b>(DUOL) 计划以 41 亿美元的市值筹集 4.6 亿美元。多邻国为超过3亿用户提供了一个学习30多种新语言的在线平台。受益于新冠疫情相关的需求增长,多邻国在 2020 年实现了三位数的增长。</blockquote></p><p> <b>Traeger</b>(COOK) plans to raise $400 million at a $2.2 billion market cap. This company makes premium backyard wood pellet grills with a tech feature, allowing owners to program, monitor, and control their grill through the Traeger app. Traeger is a category leader of the wood pellet grill, growing revenue at a 28% CAGR from 2017 to 2020.</p><p><blockquote><b>携带者</b>(库克)计划以22亿美元的市值筹集4亿美元。这家公司生产具有技术功能的优质后院木质颗粒烤架,允许业主通过Traeger应用程序对他们的烤架进行编程、监控和控制。Traeger是木质颗粒烤架的类别领导者,从2017年到2020年,收入以28%的CAGR增长。</blockquote></p><p> Israeli anti-fraud firm <b>Riskified</b>(RSKD) plans to raise $333 million at a $3.1 billion market cap. This company provides e-commerce fraud protection for enterprises. Growing but unprofitable, Riskified saw its free cash flow swing positive in the 1Q21.</p><p><blockquote>以色列反欺诈公司<b>风险化</b>(RSKD) 计划以 31 亿美元的市值筹集 3.33 亿美元。这家公司为企业提供电子商务欺诈保护。Riskified 不断增长但无利可图,其自由现金流在2021年第一季度中呈正波动。</blockquote></p><p> Financial software provider <b>MeridianLink</b>(MLNK) plans to raise $300 million at a $2.1 billion market cap. MeridianLink offers a cloud-based digital lending and account opening platform for mid-market community banks and credit unions. Although business is cyclical, the company saw double-digit organic growth in the FY20 due to strong mortgage activity.</p><p><blockquote>财务软件提供商<b>子午线</b>(MLNK) 计划以 21 亿美元的市值筹集 3 亿美元。MeridianLink为中端市场社区银行和信用合作社提供基于云的数字贷款和开户平台。尽管业务具有周期性,但由于强劲的抵押贷款活动,该公司在 2020 财年实现了两位数的有机增长。</blockquote></p><p> Smart home integration system <b>Snap One Holdings</b>(SNPO) plans to raise $270 million at a $1.5 billion market cap. This company provides smart home technology products to over 16,000 professional integrators. Snap One has demonstrated solid growth and was profitable on an EBIT basis in the 1Q21.</p><p><blockquote>智能家居集成系统<b>Snap一号控股</b>(SNPO) 计划以 15 亿美元的市值筹集 2.7 亿美元。这家公司为超过16,000家专业集成商提供智能家居技术产品。Snap一号表现出稳健的增长,并在 2021 年第一季度按息税前利润计算实现盈利。</blockquote></p><p> Specialty funding solutions provider <b>Preston Hollow Community Capital</b>(PHCC) plans to raise $200 million at a $2.3 billion market cap. This company is a market leader in providing specialized impact financing solutions for projects of significant social and economic importance to local communities in the US. It serves a variety of areas, including infrastructure, education, healthcare, and housing.</p><p><blockquote>专业融资解决方案提供商<b>普雷斯顿霍洛社区资本</b>(PHCC) 计划以 23 亿美元的市值筹集 2 亿美元。该公司是为对美国当地社区具有重大社会和经济重要性的项目提供专业影响力融资解决方案的市场领导者。它服务于多个领域,包括基础设施、教育、医疗保健和住房。</blockquote></p><p> Vaccine biotech <b>Icosavax</b>(ICVX) plans to raise $150 million at a $590 million market cap. This clinical stage biotech is initially focused on developing vaccines against infectious respiratory diseases using its virus-like particle platform technology. Its most advanced candidate is currently in a Phase 1/2 trial for SARS-CoV-2.</p><p><blockquote>疫苗生物技术<b>伊科萨瓦克斯</b>(ICVX) 计划以 5.9 亿美元的市值筹集 1.5 亿美元。这家临床阶段的生物技术公司最初专注于使用其类似病毒的颗粒平台技术开发针对传染性呼吸道疾病的疫苗。其最先进的候选药物目前正处于新型冠状病毒的1/2期试验中。</blockquote></p><p> Cancer biotech <b>Candel Therapeutics</b>(CADL) plans to raise $85 million at a $398 million market cap. Candel's most advanced candidate is currently in a Phase 3 trial in combination with prodrug valacyclovir for newly diagnosed localized prostate cancer with an intermediate or high-risk for progression. The company expects to complete enrollment in the 3Q21 with a final data readout in 2024.</p><p><blockquote>癌症生物技术<b>坎德尔疗法</b>(CADL)计划以3.98亿美元的市值筹集8500万美元。Candel 最先进的候选药物目前正在与前药伐昔洛韦联合进行 3 期试验,用于治疗新诊断的局限性前列腺癌,具有中等或高风险进展。该公司预计将于 2024 年完成2021年第三季度的注册,并公布最终数据。</blockquote></p><p></p><p> Rare disease biotech <b>Rallybio</b>(RLYB) plans to raise $81 million at a $465 million market cap. This clinical stage biotech is developing antibody therapies for rare diseases. Its lead program is currently being evaluated to treat fetal and neonatal alloimmune thrombocytopenia in a Phase 1/2 trial.</p><p><blockquote>罕见病生物技术<b>拉力赛生物</b>(RLYB)计划以4.65亿美元的市值筹集8100万美元。这家临床阶段的生物技术公司正在开发针对罕见疾病的抗体疗法。目前正在评估其 lead 项目,以在 1/2 期试验中治疗胎儿和新生儿同种免疫性血小板减少症。</blockquote></p><p> <b>Ocean Biomedical</b>(OCEA) plans to raise $50 million at a $506 million market cap. The company is currently pursuing preclinical programs in oncology, fibrosis, infectious disease, and inflammation that have been licensed directly or indirectly from Brown University, Stanford University, and Rhode Island Hospital.</p><p><blockquote><b>海洋生物医学</b>(OCEA)计划以5.06亿美元的市值筹集5000万美元。该公司目前正在开展肿瘤学、纤维化、传染病和炎症方面的临床前项目,这些项目已获得布朗大学、斯坦福大学和罗德岛医院的直接或间接许可。</blockquote></p><p> After postponing in November 2020,<b>IN8bio</b>(INAB) plans to raise $44 million at a $215 million market cap. This Phase 1 biotech is developing allogeneic gamma-delta T cell therapies to treat solid tumors. Although gamma-delta T cells could potentially treat solid tumors, the company is very early stage and has dosed a limited number of patients.</p><p><blockquote>2020年11月延期后,<b>因8生物</b>(INAB)计划以2.15亿美元的市值筹集4400万美元。这家一期生物技术公司正在开发同种异体γ-δ T细胞疗法来治疗实体瘤。尽管 gamma-delta T 细胞有可能治疗实体瘤,但该公司仍处于非常早期的阶段,并且已为有限数量的患者注射了剂量。</blockquote></p><p> Female cancer biotech <b>Context Therapeutics</b>(CNTX) plans to raise $20 million at a $93 million market cap. Context is developing treatments for female cancers, such as breast, ovarian, and endometrial cancer. The company’s lead candidate is currently in Phase 2 trials for ovarian and endometrial cancer, with preliminary results expected in the 2H21 and the 1H22.</p><p><blockquote>女性癌症生物技术<b>背景疗法</b>(CNTX) 计划以 9300 万美元的市值筹集 2000 万美元。Context 正在开发治疗女性癌症的方法,例如乳腺癌、卵巢癌和子宫内膜癌。该公司的主要候选药物目前正在进行卵巢癌和子宫内膜癌的 2 期试验,预计 2H21 和 1H22 将有初步结果。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/4b38a8af5f92621b2633830553616b5d\" tg-width=\"1271\" tg-height=\"702\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/5faec597a337345b21c846808295821d\" tg-width=\"1272\" tg-height=\"676\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/021cc62ff4eaabd0b6a7dee91fc0d63e\" tg-width=\"1270\" tg-height=\"483\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <b>IPO Market Snapshot</b></p><p><blockquote><b>IPO市场快照</b></blockquote></p><p> The Renaissance IPO Indices are market cap weighted baskets of newly public companies. As of 7/22/2021, the Renaissance IPO Index was down 1.0% year-to-date, while the S&P 500 was up 16.3%. Renaissance Capital's IPO ETF (NYSE: IPO) tracks the index, and top ETF holdings include Snowflake (SNOW) and Palantir Technologies (PLTR). The Renaissance International IPO Index was down 3.0% year-to-date, while the ACWX was up 8.1%. Renaissance Capital’s International IPO ETF (NYSE: IPOS) tracks the index, and top ETF holdings include EQT Partners and Smoore International.</p><p><blockquote>文艺复兴IPO指数是新上市公司的市值加权篮子。截至2021年7月22日,文艺复兴IPO指数年初至今下跌1.0%,而标普500上涨16.3%。Renaissance Capital 的 IPO ETF(纽约证券交易所股票代码:IPO)追踪该指数,持有量最大的 ETF 包括 Snowflake (SNOW) 和 Palantir Technologies (PLTR)。Renaissance International IPO 指数今年迄今下跌 3.0%,而 ACWX 指数上涨 8.1%。Renaissance Capital 的国际 IPO ETF(纽约证券交易所股票代码:IPOS)追踪该指数,持有的 ETF 包括 EQT Partners 和 Smoore International。</blockquote></p><p></p>","source":"lsy1603787993745","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>US IPO Week Ahead: 17 IPOs are coming<blockquote>美国 IPO 未来一周:17 家 IPO 即将到来</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\">\nUS IPO Week Ahead: 17 IPOs are coming<blockquote>美国 IPO 未来一周:17 家 IPO 即将到来</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Renaissance Capital</strong><span class=\"h-time small\">2021-07-25 09:19</span>\n</p>\n</h4>\n</header>\n<article>\n<p>After another week of record activity, the IPO market is expected to remain hot with 17 IPOs scheduled for the week ahead.</p><p><blockquote>经过又一周创纪录的活动,IPO市场预计将保持火爆,未来一周将有17起IPO。</blockquote></p><p> Long-awaited retail brokerage <b>Robinhood Markets</b>(HOOD) plans to raise $2.2 billion at a $36.8 billion market cap. The company offers a no-commission retail brokerage platform with over 18 million MAUs. Despite triple-digit revenue growth in the 1Q21, the platform is dependent on trading volumes, and the recent retail trading boom may be unsustainable.</p><p><blockquote>期待已久的零售经纪业务<b>罗宾汉市场</b>(HOOD)计划以368亿美元的市值筹集22亿美元。该公司提供一个免佣金的零售经纪平台,拥有超过1800万MAU。尽管2021年第一季度的收入实现了三位数的增长,但该平台依赖于交易量,最近的零售交易热潮可能是不可持续的。</blockquote></p><p> Vehicle battery maker <b>Clarios International</b>(BTRY) plans to raise $1.7 billion at a $9.7 billion market cap. The company manufactures low-voltage vehicles batteries globally, stating that it has the number one market position in the Americas and EMEA. Profitable on an EBIT basis, Clarios saw revenue growth accelerate in the 1H FY21 after turning negative in the FY20 due to COVID.</p><p><blockquote>汽车电池制造商<b>克拉里奥斯国际</b>(BTRY) 计划以 97 亿美元的市值筹集 17 亿美元。该公司在全球范围内生产低压汽车电池,并表示其在美洲和欧洲、中东和非洲地区拥有第一大市场地位。按息税前利润计算,Clarios 在 2020 财年因新冠疫情而出现负增长后,在 2021 财年上半年收入增长加速。</blockquote></p><p> Altice’s ad-tech platform <b>Teads</b>(TEAD) plans to raise $751 million at a $4.6 billion market cap. Teads operates a cloud-based programmatic digital advertising platform for advertisers and publishers. Profitable with solid growth, Teads provides monetization services to about 3,100 publishers.</p><p><blockquote>Altice的广告技术平台<b>提德</b>(TEAD) 计划以 46 亿美元的市值筹集 7.51 亿美元。Teads为广告商和出版商运营一个基于云的程序化数字广告平台。Teads 盈利稳健,为约 3,100 家出版商提供货币化服务。</blockquote></p><p> Education software provider <b>PowerSchool Holdings</b>(PWSC) plans to raise $750 million at a $3.7 billion market cap. The company provides an education platform for teachers to manage classroom activities such as collecting work and grading assignments. Serving over 12,000 customers in over 90 countries globally, PowerSchool turned profitable on a net income basis in the 1Q21.</p><p><blockquote>教育软件提供商<b>PowerSchool控股</b>(PWSC)计划以37亿美元的市值筹集7.5亿美元。该公司为教师提供了一个教育平台,用于管理课堂活动,如收集作业和批改作业。PowerSchool为全球90多个国家的12,000多名客户提供服务,在2021年第一季度实现了净利润盈利。</blockquote></p><p> After withdrawing its IPO attempt in 2018,<b>Dole</b>(DOLE) plans to raise $559 million at a $2.0 billion market cap. This leading fruit and vegetable company offers over 300 products sourced from over 30 countries to over 80 countries globally. Slow growing and profitable, Dole's offering is being made in connection with its merger with Total Produce.</p><p><blockquote>在2018年撤回IPO尝试后,<b>下</b>(都乐)计划以 20 亿美元的市值筹集 5.59 亿美元。这家领先的水果和蔬菜公司提供来自全球30多个国家和80多个国家的300多种产品。都乐的发行增长缓慢且盈利,与其与道达尔农产品合并有关。</blockquote></p><p> Language learning platform <b>Duolingo</b>(DUOL) plans to raise $460 million at a $4.1 billion market cap. Duolingo provides an online platform for over 300 million users to learn over 30 new languages. Benefiting from a COVID-related boost in demand, Duolingo posted triple-digit growth in 2020.</p><p><blockquote>语言学习平台<b>多邻国</b>(DUOL) 计划以 41 亿美元的市值筹集 4.6 亿美元。多邻国为超过3亿用户提供了一个学习30多种新语言的在线平台。受益于新冠疫情相关的需求增长,多邻国在 2020 年实现了三位数的增长。</blockquote></p><p> <b>Traeger</b>(COOK) plans to raise $400 million at a $2.2 billion market cap. This company makes premium backyard wood pellet grills with a tech feature, allowing owners to program, monitor, and control their grill through the Traeger app. Traeger is a category leader of the wood pellet grill, growing revenue at a 28% CAGR from 2017 to 2020.</p><p><blockquote><b>携带者</b>(库克)计划以22亿美元的市值筹集4亿美元。这家公司生产具有技术功能的优质后院木质颗粒烤架,允许业主通过Traeger应用程序对他们的烤架进行编程、监控和控制。Traeger是木质颗粒烤架的类别领导者,从2017年到2020年,收入以28%的CAGR增长。</blockquote></p><p> Israeli anti-fraud firm <b>Riskified</b>(RSKD) plans to raise $333 million at a $3.1 billion market cap. This company provides e-commerce fraud protection for enterprises. Growing but unprofitable, Riskified saw its free cash flow swing positive in the 1Q21.</p><p><blockquote>以色列反欺诈公司<b>风险化</b>(RSKD) 计划以 31 亿美元的市值筹集 3.33 亿美元。这家公司为企业提供电子商务欺诈保护。Riskified 不断增长但无利可图,其自由现金流在2021年第一季度中呈正波动。</blockquote></p><p> Financial software provider <b>MeridianLink</b>(MLNK) plans to raise $300 million at a $2.1 billion market cap. MeridianLink offers a cloud-based digital lending and account opening platform for mid-market community banks and credit unions. Although business is cyclical, the company saw double-digit organic growth in the FY20 due to strong mortgage activity.</p><p><blockquote>财务软件提供商<b>子午线</b>(MLNK) 计划以 21 亿美元的市值筹集 3 亿美元。MeridianLink为中端市场社区银行和信用合作社提供基于云的数字贷款和开户平台。尽管业务具有周期性,但由于强劲的抵押贷款活动,该公司在 2020 财年实现了两位数的有机增长。</blockquote></p><p> Smart home integration system <b>Snap One Holdings</b>(SNPO) plans to raise $270 million at a $1.5 billion market cap. This company provides smart home technology products to over 16,000 professional integrators. Snap One has demonstrated solid growth and was profitable on an EBIT basis in the 1Q21.</p><p><blockquote>智能家居集成系统<b>Snap一号控股</b>(SNPO) 计划以 15 亿美元的市值筹集 2.7 亿美元。这家公司为超过16,000家专业集成商提供智能家居技术产品。Snap一号表现出稳健的增长,并在 2021 年第一季度按息税前利润计算实现盈利。</blockquote></p><p> Specialty funding solutions provider <b>Preston Hollow Community Capital</b>(PHCC) plans to raise $200 million at a $2.3 billion market cap. This company is a market leader in providing specialized impact financing solutions for projects of significant social and economic importance to local communities in the US. It serves a variety of areas, including infrastructure, education, healthcare, and housing.</p><p><blockquote>专业融资解决方案提供商<b>普雷斯顿霍洛社区资本</b>(PHCC) 计划以 23 亿美元的市值筹集 2 亿美元。该公司是为对美国当地社区具有重大社会和经济重要性的项目提供专业影响力融资解决方案的市场领导者。它服务于多个领域,包括基础设施、教育、医疗保健和住房。</blockquote></p><p> Vaccine biotech <b>Icosavax</b>(ICVX) plans to raise $150 million at a $590 million market cap. This clinical stage biotech is initially focused on developing vaccines against infectious respiratory diseases using its virus-like particle platform technology. Its most advanced candidate is currently in a Phase 1/2 trial for SARS-CoV-2.</p><p><blockquote>疫苗生物技术<b>伊科萨瓦克斯</b>(ICVX) 计划以 5.9 亿美元的市值筹集 1.5 亿美元。这家临床阶段的生物技术公司最初专注于使用其类似病毒的颗粒平台技术开发针对传染性呼吸道疾病的疫苗。其最先进的候选药物目前正处于新型冠状病毒的1/2期试验中。</blockquote></p><p> Cancer biotech <b>Candel Therapeutics</b>(CADL) plans to raise $85 million at a $398 million market cap. Candel's most advanced candidate is currently in a Phase 3 trial in combination with prodrug valacyclovir for newly diagnosed localized prostate cancer with an intermediate or high-risk for progression. The company expects to complete enrollment in the 3Q21 with a final data readout in 2024.</p><p><blockquote>癌症生物技术<b>坎德尔疗法</b>(CADL)计划以3.98亿美元的市值筹集8500万美元。Candel 最先进的候选药物目前正在与前药伐昔洛韦联合进行 3 期试验,用于治疗新诊断的局限性前列腺癌,具有中等或高风险进展。该公司预计将于 2024 年完成2021年第三季度的注册,并公布最终数据。</blockquote></p><p></p><p> Rare disease biotech <b>Rallybio</b>(RLYB) plans to raise $81 million at a $465 million market cap. This clinical stage biotech is developing antibody therapies for rare diseases. Its lead program is currently being evaluated to treat fetal and neonatal alloimmune thrombocytopenia in a Phase 1/2 trial.</p><p><blockquote>罕见病生物技术<b>拉力赛生物</b>(RLYB)计划以4.65亿美元的市值筹集8100万美元。这家临床阶段的生物技术公司正在开发针对罕见疾病的抗体疗法。目前正在评估其 lead 项目,以在 1/2 期试验中治疗胎儿和新生儿同种免疫性血小板减少症。</blockquote></p><p> <b>Ocean Biomedical</b>(OCEA) plans to raise $50 million at a $506 million market cap. The company is currently pursuing preclinical programs in oncology, fibrosis, infectious disease, and inflammation that have been licensed directly or indirectly from Brown University, Stanford University, and Rhode Island Hospital.</p><p><blockquote><b>海洋生物医学</b>(OCEA)计划以5.06亿美元的市值筹集5000万美元。该公司目前正在开展肿瘤学、纤维化、传染病和炎症方面的临床前项目,这些项目已获得布朗大学、斯坦福大学和罗德岛医院的直接或间接许可。</blockquote></p><p> After postponing in November 2020,<b>IN8bio</b>(INAB) plans to raise $44 million at a $215 million market cap. This Phase 1 biotech is developing allogeneic gamma-delta T cell therapies to treat solid tumors. Although gamma-delta T cells could potentially treat solid tumors, the company is very early stage and has dosed a limited number of patients.</p><p><blockquote>2020年11月延期后,<b>因8生物</b>(INAB)计划以2.15亿美元的市值筹集4400万美元。这家一期生物技术公司正在开发同种异体γ-δ T细胞疗法来治疗实体瘤。尽管 gamma-delta T 细胞有可能治疗实体瘤,但该公司仍处于非常早期的阶段,并且已为有限数量的患者注射了剂量。</blockquote></p><p> Female cancer biotech <b>Context Therapeutics</b>(CNTX) plans to raise $20 million at a $93 million market cap. Context is developing treatments for female cancers, such as breast, ovarian, and endometrial cancer. The company’s lead candidate is currently in Phase 2 trials for ovarian and endometrial cancer, with preliminary results expected in the 2H21 and the 1H22.</p><p><blockquote>女性癌症生物技术<b>背景疗法</b>(CNTX) 计划以 9300 万美元的市值筹集 2000 万美元。Context 正在开发治疗女性癌症的方法,例如乳腺癌、卵巢癌和子宫内膜癌。该公司的主要候选药物目前正在进行卵巢癌和子宫内膜癌的 2 期试验,预计 2H21 和 1H22 将有初步结果。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/4b38a8af5f92621b2633830553616b5d\" tg-width=\"1271\" tg-height=\"702\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/5faec597a337345b21c846808295821d\" tg-width=\"1272\" tg-height=\"676\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/021cc62ff4eaabd0b6a7dee91fc0d63e\" tg-width=\"1270\" tg-height=\"483\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <b>IPO Market Snapshot</b></p><p><blockquote><b>IPO市场快照</b></blockquote></p><p> The Renaissance IPO Indices are market cap weighted baskets of newly public companies. As of 7/22/2021, the Renaissance IPO Index was down 1.0% year-to-date, while the S&P 500 was up 16.3%. Renaissance Capital's IPO ETF (NYSE: IPO) tracks the index, and top ETF holdings include Snowflake (SNOW) and Palantir Technologies (PLTR). The Renaissance International IPO Index was down 3.0% year-to-date, while the ACWX was up 8.1%. Renaissance Capital’s International IPO ETF (NYSE: IPOS) tracks the index, and top ETF holdings include EQT Partners and Smoore International.</p><p><blockquote>文艺复兴IPO指数是新上市公司的市值加权篮子。截至2021年7月22日,文艺复兴IPO指数年初至今下跌1.0%,而标普500上涨16.3%。Renaissance Capital 的 IPO ETF(纽约证券交易所股票代码:IPO)追踪该指数,持有量最大的 ETF 包括 Snowflake (SNOW) 和 Palantir Technologies (PLTR)。Renaissance International IPO 指数今年迄今下跌 3.0%,而 ACWX 指数上涨 8.1%。Renaissance Capital 的国际 IPO ETF(纽约证券交易所股票代码:IPOS)追踪该指数,持有的 ETF 包括 EQT Partners 和 Smoore International。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://www.renaissancecapital.com/IPO-Center/News/84600/US-IPO-Week-Ahead-Robinhood%E2%80%99s-billion-dollar-deal-headlines-a-17-IPO-week\">Renaissance Capital</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":{"MLNK":"MeridianLink, Inc. (ex-Project Angel Parent, LLC)",".SPX":"S&P 500 Index","RSKD":"Riskified Ltd.",".DJI":"道琼斯","SNPO":"Snap One Holdings Corp.","CNTX":"Context Therapeutics Inc.","CADLF":"CADELER AS","RLYB":"Rallybio Corp.","INAB":"IN8bio, Inc.","DOLE":"都乐食品","DUOL":"多邻国","HOOD":"Robinhood",".IXIC":"NASDAQ Composite","TEAD":"Teads Holding","FEOVF":"Oceanic Iron Ore Corp.","PWSC":"PowerSchool Holdings, Inc.","COOK":"Traeger Inc. (TGPX Holdings I LLC)"},"source_url":"https://www.renaissancecapital.com/IPO-Center/News/84600/US-IPO-Week-Ahead-Robinhood%E2%80%99s-billion-dollar-deal-headlines-a-17-IPO-week","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1118041582","content_text":"After another week of record activity, the IPO market is expected to remain hot with 17 IPOs scheduled for the week ahead.\nLong-awaited retail brokerage Robinhood Markets(HOOD) plans to raise $2.2 billion at a $36.8 billion market cap. The company offers a no-commission retail brokerage platform with over 18 million MAUs. Despite triple-digit revenue growth in the 1Q21, the platform is dependent on trading volumes, and the recent retail trading boom may be unsustainable.\nVehicle battery maker Clarios International(BTRY) plans to raise $1.7 billion at a $9.7 billion market cap. The company manufactures low-voltage vehicles batteries globally, stating that it has the number one market position in the Americas and EMEA. Profitable on an EBIT basis, Clarios saw revenue growth accelerate in the 1H FY21 after turning negative in the FY20 due to COVID.\nAltice’s ad-tech platform Teads(TEAD) plans to raise $751 million at a $4.6 billion market cap. Teads operates a cloud-based programmatic digital advertising platform for advertisers and publishers. Profitable with solid growth, Teads provides monetization services to about 3,100 publishers.\nEducation software provider PowerSchool Holdings(PWSC) plans to raise $750 million at a $3.7 billion market cap. The company provides an education platform for teachers to manage classroom activities such as collecting work and grading assignments. Serving over 12,000 customers in over 90 countries globally, PowerSchool turned profitable on a net income basis in the 1Q21.\nAfter withdrawing its IPO attempt in 2018,Dole(DOLE) plans to raise $559 million at a $2.0 billion market cap. This leading fruit and vegetable company offers over 300 products sourced from over 30 countries to over 80 countries globally. Slow growing and profitable, Dole's offering is being made in connection with its merger with Total Produce.\nLanguage learning platform Duolingo(DUOL) plans to raise $460 million at a $4.1 billion market cap. Duolingo provides an online platform for over 300 million users to learn over 30 new languages. Benefiting from a COVID-related boost in demand, Duolingo posted triple-digit growth in 2020.\nTraeger(COOK) plans to raise $400 million at a $2.2 billion market cap. This company makes premium backyard wood pellet grills with a tech feature, allowing owners to program, monitor, and control their grill through the Traeger app. Traeger is a category leader of the wood pellet grill, growing revenue at a 28% CAGR from 2017 to 2020.\nIsraeli anti-fraud firm Riskified(RSKD) plans to raise $333 million at a $3.1 billion market cap. This company provides e-commerce fraud protection for enterprises. Growing but unprofitable, Riskified saw its free cash flow swing positive in the 1Q21.\nFinancial software provider MeridianLink(MLNK) plans to raise $300 million at a $2.1 billion market cap. MeridianLink offers a cloud-based digital lending and account opening platform for mid-market community banks and credit unions. Although business is cyclical, the company saw double-digit organic growth in the FY20 due to strong mortgage activity.\nSmart home integration system Snap One Holdings(SNPO) plans to raise $270 million at a $1.5 billion market cap. This company provides smart home technology products to over 16,000 professional integrators. Snap One has demonstrated solid growth and was profitable on an EBIT basis in the 1Q21.\nSpecialty funding solutions provider Preston Hollow Community Capital(PHCC) plans to raise $200 million at a $2.3 billion market cap. This company is a market leader in providing specialized impact financing solutions for projects of significant social and economic importance to local communities in the US. It serves a variety of areas, including infrastructure, education, healthcare, and housing.\nVaccine biotech Icosavax(ICVX) plans to raise $150 million at a $590 million market cap. This clinical stage biotech is initially focused on developing vaccines against infectious respiratory diseases using its virus-like particle platform technology. Its most advanced candidate is currently in a Phase 1/2 trial for SARS-CoV-2.\nCancer biotech Candel Therapeutics(CADL) plans to raise $85 million at a $398 million market cap. Candel's most advanced candidate is currently in a Phase 3 trial in combination with prodrug valacyclovir for newly diagnosed localized prostate cancer with an intermediate or high-risk for progression. The company expects to complete enrollment in the 3Q21 with a final data readout in 2024.\nRare disease biotech Rallybio(RLYB) plans to raise $81 million at a $465 million market cap. This clinical stage biotech is developing antibody therapies for rare diseases. Its lead program is currently being evaluated to treat fetal and neonatal alloimmune thrombocytopenia in a Phase 1/2 trial.\nOcean Biomedical(OCEA) plans to raise $50 million at a $506 million market cap. The company is currently pursuing preclinical programs in oncology, fibrosis, infectious disease, and inflammation that have been licensed directly or indirectly from Brown University, Stanford University, and Rhode Island Hospital.\nAfter postponing in November 2020,IN8bio(INAB) plans to raise $44 million at a $215 million market cap. This Phase 1 biotech is developing allogeneic gamma-delta T cell therapies to treat solid tumors. Although gamma-delta T cells could potentially treat solid tumors, the company is very early stage and has dosed a limited number of patients.\nFemale cancer biotech Context Therapeutics(CNTX) plans to raise $20 million at a $93 million market cap. Context is developing treatments for female cancers, such as breast, ovarian, and endometrial cancer. The company’s lead candidate is currently in Phase 2 trials for ovarian and endometrial cancer, with preliminary results expected in the 2H21 and the 1H22.\n\nIPO Market Snapshot\nThe Renaissance IPO Indices are market cap weighted baskets of newly public companies. As of 7/22/2021, the Renaissance IPO Index was down 1.0% year-to-date, while the S&P 500 was up 16.3%. Renaissance Capital's IPO ETF (NYSE: IPO) tracks the index, and top ETF holdings include Snowflake (SNOW) and Palantir Technologies (PLTR). The Renaissance International IPO Index was down 3.0% year-to-date, while the ACWX was up 8.1%. Renaissance Capital’s International IPO ETF (NYSE: IPOS) tracks the index, and top ETF holdings include EQT Partners and Smoore International.","news_type":1,"symbols_score_info":{"DOLE":0.9,".DJI":0.9,"CADLF":0.9,"ICVX":0.9,"RSKD":0.9,"SNPO":0.9,"TEAD":0.9,"DUOL":0.9,"BTRY":0.9,"HOOD":0.9,"RLYB":0.9,"INAB":0.9,"COOK":0.9,"MLNK":0.9,"CNTX":0.9,".SPX":0.9,"PWSC":0.9,"PHCC":0.9,".IXIC":0.9,"FEOVF":0.9}},"isVote":1,"tweetType":1,"viewCount":754,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":115228358,"gmtCreate":1623015623874,"gmtModify":1634096310890,"author":{"id":"3572077804076143","authorId":"3572077804076143","name":"Yappy","avatar":"https://static.tigerbbs.com/ab4d89913ade03f15c782b99132ba22f","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572077804076143","idStr":"3572077804076143"},"themes":[],"title":"","htmlText":"Latest.like n comments.thanks","listText":"Latest.like n comments.thanks","text":"Latest.like n comments.thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":6,"repostSize":0,"link":"https://laohu8.com/post/115228358","repostId":"1120164826","repostType":4,"repost":{"id":"1120164826","kind":"news","pubTimestamp":1622951745,"share":"https://www.laohunote.com/m/news/1120164826?lang=zh_CN&edition=full","pubTime":"2021-06-06 11:55","market":"us","language":"en","title":"Zillow: Significant Downside Remains<blockquote>Zillow:仍然存在重大缺点</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1120164826","media":"seekingalpha","summary":"Summary\n\nShares of Zillow Group have come down some 30% since my \"Take Profits\" article was publishe","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul> <li>Shares of Zillow Group have come down some 30% since my \"Take Profits\" article was published on Seeking Alpha.</li> <li>However, and despite a definite improvement in the latest Q1 EPS report, the stock looks to have a further downside to come.</li> <li>That is because margins are dismal, forward adjusted EBITDA guidance for Q2 was weak (lower than Q1), and the outstanding share count continues to grow.</li> <li>Yet, the stock still trades with a forward P/E of nearly 100x.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ba2b4c631e3e6b24aaf024fb49665ea3\" tg-width=\"768\" tg-height=\"512\"><span>Photo by Sundry Photography/iStock Editorial via Getty Images</span></p><p><blockquote><ul><li>自从我在 Seeking Alpha 上发表“获利了结”文章以来,Zillow Group 的股价已下跌约 30%。</li><li>然而,尽管最新的第一季度每股收益报告明显改善,但该股看起来还会进一步下跌。</li><li>这是因为利润率惨淡,第二季度的前瞻性调整后 EBITDA 指引疲软(低于第一季度),而且流通股数量持续增长。</li><li>然而,该股的远期市盈率仍接近 100 倍。</li></ul><p class=\"t-img-caption\"><span>摄影:Sundry Photography/iStock Editories,来自 Getty Images</span></p></blockquote></p><p> The <b>Zillow Group</b> (ZG) has, without a doubt, established itself as the #1 online real estate website and as one-stop shop for home-buying consumers. The company's recent pivot to what I'll call the iHome business (purchasing homes directly from consumers and then selling them on the open market) has been a positive catalyst of late in terms of revenue growth, and that business blends well with ZG's Mortgage Segment and Internet, Media, and Technology Segment. However, despite the recent and significant drop in the price of the shares, ZG still seem substantially overvalued in my opinion. That is because margins are - in a word - pathetic. In addition, Q2 guidance was weak and the company plans to hire an additional 2,000 employees this year. In my opinion, that will pressure margins even further through the remainder of the year.</p><p><blockquote>这个<b>Zillow集团</b>毫无疑问,ZG已经成为排名第一的在线房地产网站和购房消费者的一站式商店。该公司最近转向 iHome 业务(直接从消费者那里购买房屋,然后在公开市场上出售),这是最近收入增长的积极催化剂,该业务与 ZG 的抵押贷款部门以及互联网、媒体和技术部门融合得很好。然而,尽管最近股价大幅下跌,但在我看来,ZG 似乎仍然被严重高估。这是因为利润率——一句话——很可怜。此外,第二季度指引疲软,该公司计划今年额外招聘 2,000 名员工。在我看来,这将在今年剩余时间里进一步给利润率带来压力。</blockquote></p><p> <b>Investment Rationale</b></p><p><blockquote><b>投资理性</b></blockquote></p><p> Like many Americans, Zillow has become one of my favorite websites. I am surely not alone when it comes to frequently checking Zillow.com to see what the current \"Zestimate\" is for my home as well as for the homes I have owned in the past, and those of my friends and family.</p><p><blockquote>像许多美国人一样,Zillow已经成为我最喜欢的网站之一。我肯定不是唯一一个经常查看Zillow.com的人,看看当前的“Zestimate”对我的家以及我过去拥有的家以及我的朋友和家人的家来说是多少。</blockquote></p><p> Indeed, marketing share data from Statista shows that Zillow is #1 in unique monthly visits, and Trulia - which the Zillow Group bought in 2014 - is #2. In aggregate that gives the Zillow group a stranglehold on the real estate website market (at least by the unique visits metric) at more than 3x the share as compared to what was once a highly competitive race with Realtor.com for consumers' eye-balls:</p><p><blockquote>事实上,Statista的营销份额数据显示,Zillow在每月独立访问量中排名第一,Zillow集团在2014年收购的Trulia排名第二。总体而言,与曾经与 Realtor.com 争夺消费者眼球的激烈竞争相比,Zillow 集团在房地产网站市场(至少根据独特访问量指标)的份额增加了 3 倍多:</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/929acb56fa1d566e5f6c3ac0d250c2c2\" tg-width=\"640\" tg-height=\"553\"><span>Source:Statista</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源:Statista</span></p></blockquote></p><p> But of course there are other metrics to judge the popularity and use of real estate websites. Here is more recent data (April 1, 2021) from SimilarWeb.com:</p><p><blockquote>但当然还有其他指标来判断房地产网站的受欢迎程度和使用情况。以下是来自SimilarWeb.com的最新数据(2021年4月1日):</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/836f372f61ccb570286e9ac3e0f3143b\" tg-width=\"640\" tg-height=\"366\"><span>Source:SimilarWeb.com</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源:SimilarWeb.com</span></p></blockquote></p><p> When it comes to average visit duration, pages viewed per visit, and bounce rate (the % of consumers that only view one-page then leave the site), Zillow and Trulia again show impressive comps. That said, note there must be other metrics that figure into the SimilarWeb ratings shown above because - from these metrics alone - one could argue rightmove.co.uk has the best stats as shown. Regardless, this graphic is another indicator that the Zillow/Trulia brand is very strong and the market leader.</p><p><blockquote>当谈到平均访问持续时间、每次访问浏览的页面和跳出率(只浏览一个页面然后离开网站的消费者的百分比)时,Zillow和Trulia再次显示出令人印象深刻的比较。也就是说,请注意,上面显示的类似网站评级中肯定还有其他指标,因为仅从这些指标来看,人们可以说rightmove.co.uk拥有如图所示的最佳统计数据。无论如何,这张图是Zillow/Trulia品牌非常强大和市场领导者的另一个指标。</blockquote></p><p> However, eye-balls aren't enough ... the views and activity need to be converted into profits, and that is where the Zillow Group is struggling in comparison to its rather lofty valuation.</p><p><blockquote>然而,眼球是不够的……观点和活动需要转化为利润,这就是 Zillow 集团与其相当高的估值相比陷入困境的地方。</blockquote></p><p> <b>Q1 Earnings</b></p><p><blockquote><b>第一季度收益</b></blockquote></p><p> Zillow released its Q1 EPS report on May 4th. It was a strong report. GAAP net-income of $0.20/share beat estimates by a whopping $0.13. Revenue of $1.22 billion was a $120 million beat and was up 8% yoy. The company reported strong traffic on its website and mobile apps, with 221 million average monthly users (up 15% yoy) driving 2.5 billion visits during Q1 (up 19% yoy).</p><p><blockquote>Zillow 于 5 月 4 日发布了第一季度每股收益报告。这是一份强有力的报告。GAAP 每股净利润为 0.20 美元,超出预期 0.13 美元。收入为 12.2 亿美元,比上年增长 1.2 亿美元,同比增长 8%。该公司报告称,其网站和移动应用程序的流量强劲,平均每月用户数量为 2.21 亿(同比增长 15%),第一季度访问量为 25 亿次(同比增长 19%)。</blockquote></p><p> The most interesting segment in Q1 was the iHome (or what ZG calls \"Zillow Offers\") because it accounted for ~57% of revenue and is the segment Zillow is counting on to be is profitable growth engine.</p><p><blockquote>Q1 最有趣的细分市场是 iHome(或 ZG 评级“Zillow 提供的”),因为它约占收入的 57%,并且是 Zillow 指望成为盈利增长引擎的细分市场。</blockquote></p><p> However, as can be seen in the graphic below, the margins are - so far - quite puny:</p><p><blockquote>然而,如下图所示,到目前为止,利润率相当小:</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/82e5264c5427eb9f8b1987c2182cb39a\" tg-width=\"640\" tg-height=\"311\"><span>Source: Zillow'sQ1 EPS report</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源:Zillow 第一季度每股收益报告</span></p></blockquote></p><p></p><p> As can be seen, the all-in return (after operating costs and interest expense) on the home buying/selling (flipping might be a better word) is a scant 4.94% of the average per-home revenue. That is despite what is generally considered to be a very hot-market real estate market across the nation. In addition, note the iHome business is a threat to the company's future growth aspirations because the pivot to iHome has pretty much cratered the company's Premier Agent business. The pivot also likely means more pressure on Zillow's advertising revenue which generally comes from the agents its iHome segment is now stealing away homes from. And all that for only 4.9% margins?</p><p><blockquote>可以看出,房屋买卖(翻转可能是一个更好的词)的总回报(扣除运营成本和利息支出)仅为平均每户收入的4.94%。尽管全国房地产市场普遍认为非常火爆。此外,请注意,iHome 业务对公司未来的增长愿望构成威胁,因为转向 iHome 几乎削弱了公司的主要代理业务。这一转变也可能意味着 Zillow 的广告收入将面临更大的压力,而广告收入通常来自其 iHome 部门现在正在抢走房屋的代理商。而这一切的利润率仅为 4.9%?</blockquote></p><p> <b>Going Forward</b></p><p><blockquote><b>前进</b></blockquote></p><p> The chart below is the company's guidance for Q2:</p><p><blockquote>下图是该公司第二季度的指引:</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d976a71e1e72bb8f0c6ac3306aa4f100\" tg-width=\"628\" tg-height=\"337\"><span>Source: Zillow's Q1 EPS report</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源:Zillow 第一季度每股收益报告</span></p></blockquote></p><p> At the midpoint of guidance total adjusted EBITDA ($128 million), note that <b>will be down considerably</b> from the $181 million in total adjusted EBITDA delivered in Q1.</p><p><blockquote>在指导总额调整后 EBITDA(1.28 亿美元)的中点,请注意<b>会大幅下降</b>第一季度交付的调整后 EBITDA 总额为 1.81 亿美元。</blockquote></p><p> In addition, note the weighted average share-count at the end of Q1 (it was not included in the Q1 EPS report, but can be found in the SEC 10-Q filing) was 259,346,000 shares (up a whopping 23% yoy). And that share-count is expected to continue growing to an estimated 265.5 million shares at the end of Q2 (based on the guidance shown above).</p><p><blockquote>此外,请注意第一季度末的加权平均股数(未包含在第一季度每股收益报告中,但可以在 SEC 10-Q 文件中找到)为 259,346,000 股(同比增长高达 23%)。预计到第二季度末,该股份数量将继续增长至约 2.655 亿股(基于上述指引)。</blockquote></p><p> <b>Valuation</b></p><p><blockquote><b>估值</b></blockquote></p><p> So we have weak margins, falling adjusted EBITDA and a significantly rising number of fully diluted shares. Hmmmm.</p><p><blockquote>因此,我们的利润率疲软,调整后 EBITDA 下降,完全稀释股票数量大幅增加。嗯嗯。</blockquote></p><p> Yet, despite the recent correction in the stock (note the stock is down ~30% since my Seeking Alpha article in March <i>Zillow: Take Profits</i>), the stock is still trading at a lofty valuation given the analysis of Q1 and Q2 guidance just presented. The Seeking Alpha forward P/E=97.7x.</p><p><blockquote>然而,尽管该股最近进行了调整(请注意,自我 3 月份发表 Seeking Alpha 文章以来,该股已下跌约 30%<i>Zillow:获利了结</i>),考虑到刚刚提出的第一季度和第二季度指引的分析,该股的估值仍然很高。寻求阿尔法远期市盈率=97.7x。</blockquote></p><p> That is obviously a rich comparison in terms of Zillow's growth prospects (or non-growth...) considering the weak Q2 guidance. In addition, it is not clear to me what the catalyst will be to improve the company's awfully small margins going forward. That is especially the case considering <b>Zillow plans to hire an additional 2,000 employees this year</b>, increasing its headcount by some 40%. In my opinion, this headcount growth will be a significant headwind when it comes to increasing margins. That is, Zillow is not able to demonstrate increasing margins as it tries to scale-up its operations.</p><p><blockquote>就 Zillow 的增长前景(或非增长)而言,这显然是一个丰富的比较……)考虑到第二季度指引疲软。此外,我不清楚什么催化剂将是改善该公司未来极低的利润率。尤其是考虑到<b>Zillow 计划今年增聘 2,000 名员工</b>,使其员工人数增加了约40%。在我看来,当谈到提高利润率时,员工人数的增长将是一个重大的阻力。也就是说,Zillow 在试图扩大业务规模时无法证明利润率不断增长。</blockquote></p><p> Meantime, the pivot to iHome also means that ZG now has significantly more macro-level risks as it will be increasingly dependent on the ups (now..) and downs (coming...) of the housing market.</p><p><blockquote>与此同时,转向 iHome 也意味着 ZG 现在面临着更多的宏观风险,因为它将越来越依赖于房地产市场的起伏(现在……)。</blockquote></p><p> <b>Risks</b></p><p><blockquote><b>风险</b></blockquote></p><p> The risk of buying Zillow Group today is - in my opinion, a priced-to-near-perfection valuation level. I say \"near perfection\" because it was priced to perfection when I wrote my \"Take Profits\" article on ZG, and since it is down 30% since that piece was published, now I will simply call ZG a \"rich valuation\" proposition.</p><p><blockquote>在我看来,今天购买 Zillow Group 的风险是一个近乎完美的估值水平。我说“接近完美”是因为当我写关于 ZG 的“获利了结”文章时,它的定价是完美的,而且自那篇文章发表以来,它已经下跌了 30%,现在我将简单地给 ZG 一个“丰富的估值”命题。</blockquote></p><p> The goods news is that Zillow has a relatively strong balance sheet: it ended the quarter with $4.7 billion in cash (up from $3.9 billion at the end of 2020) after completing a $551 million stock offering during the quarter.</p><p><blockquote>商品消息是,Zillow 的资产负债表相对强劲:在本季度完成 5.51 亿美元的股票发行后,该季度末拥有 47 亿美元现金(高于 2020 年底的 39 亿美元)。</blockquote></p><p> That compares to $2.259 billion in debt, which was down slightly from year-end. As a result, the company has an estimated $9.19/share in net cash based on the 265.5 million diluted shares outstanding at the end of Q1. And Zillow will likely need to keep a fair amount of cash in order to offset its higher risk profile due to direct exposure to the housing market. That is because history shows us the US housing market can change on-a-dime and could catch ZG holding a rather large inventory of homes.</p><p><blockquote>相比之下,债务为 22.59 亿美元,较年底略有下降。因此,根据第一季度末2.655亿股稀释后的流通股,该公司的净现金估计为每股9.19美元。Zillow 可能需要保留相当数量的现金,以抵消其因直接接触房地产市场而导致的较高风险状况。这是因为历史告诉我们,美国房地产市场可以瞬息万变,并可能抓住ZG持有相当大的房屋库存。</blockquote></p><p> <b>Summary & Conclusion</b></p><p><blockquote><b>总结与结论</b></blockquote></p><p> While Zillow's Q1 report was certainly much improved on a sequential basis, the company's own Q2 guidance seems to be more indicative of the thesis I presented in my last article on the company. That is, the stock's valuation simply appears to be substantially out-of-whack in comparison to its demonstrated growth metrics. More shares, falling sequential adjusted EBITDA in Q2 despite a hot and highly appreciating housing market and ... well, I just cannot understand the current valuation level. As a result, I maintain the opinion from my previous article: I wouldn't be interested in ZG until it reached the ~$50/share level.</p><p><blockquote>虽然 Zillow 的第一季度报告无疑在连续基础上有了很大改善,但该公司自己的第二季度指引似乎更能说明我在上一篇关于该公司的文章中提出的论点。也就是说,与其已证明的增长指标相比,该股的估值似乎完全不正常。尽管房地产市场火爆且高度升值,但第二季度调整后 EBITDA 环比下降……嗯,我就是看不懂现在的估值水平。因此,我维持上一篇文章中的观点:在ZG达到50美元/股的水平之前,我不会对它感兴趣。</blockquote></p><p> I will end with a five-year price chart of ZG and note that my $50 target is roughly where the stock was prior to the pandemic. Certainly the EPS reports issues since that time do not justify the rapid and substantial increase in the shares to $200 ... or, even the current $110 level.</p><p><blockquote>我将以 ZG 的五年价格图表作为结尾,并指出我的 50 美元目标大致是该股在大流行之前的水平。当然,自那时以来发布的每股收益报告并不能证明股价快速大幅上涨至200美元是合理的……或者,甚至是目前的110美元水平。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8f243f9f555525da2dcb1589d18cd30f\" tg-width=\"635\" tg-height=\"403\"><span>Data byYCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来源:YCharts</span></p></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>Zillow: Significant Downside Remains<blockquote>Zillow:仍然存在重大缺点</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nZillow: Significant Downside Remains<blockquote>Zillow:仍然存在重大缺点</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">seekingalpha</strong><span class=\"h-time small\">2021-06-06 11:55</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>Shares of Zillow Group have come down some 30% since my \"Take Profits\" article was published on Seeking Alpha.</li> <li>However, and despite a definite improvement in the latest Q1 EPS report, the stock looks to have a further downside to come.</li> <li>That is because margins are dismal, forward adjusted EBITDA guidance for Q2 was weak (lower than Q1), and the outstanding share count continues to grow.</li> <li>Yet, the stock still trades with a forward P/E of nearly 100x.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ba2b4c631e3e6b24aaf024fb49665ea3\" tg-width=\"768\" tg-height=\"512\"><span>Photo by Sundry Photography/iStock Editorial via Getty Images</span></p><p><blockquote><ul><li>自从我在 Seeking Alpha 上发表“获利了结”文章以来,Zillow Group 的股价已下跌约 30%。</li><li>然而,尽管最新的第一季度每股收益报告明显改善,但该股看起来还会进一步下跌。</li><li>这是因为利润率惨淡,第二季度的前瞻性调整后 EBITDA 指引疲软(低于第一季度),而且流通股数量持续增长。</li><li>然而,该股的远期市盈率仍接近 100 倍。</li></ul><p class=\"t-img-caption\"><span>摄影:Sundry Photography/iStock Editories,来自 Getty Images</span></p></blockquote></p><p> The <b>Zillow Group</b> (ZG) has, without a doubt, established itself as the #1 online real estate website and as one-stop shop for home-buying consumers. The company's recent pivot to what I'll call the iHome business (purchasing homes directly from consumers and then selling them on the open market) has been a positive catalyst of late in terms of revenue growth, and that business blends well with ZG's Mortgage Segment and Internet, Media, and Technology Segment. However, despite the recent and significant drop in the price of the shares, ZG still seem substantially overvalued in my opinion. That is because margins are - in a word - pathetic. In addition, Q2 guidance was weak and the company plans to hire an additional 2,000 employees this year. In my opinion, that will pressure margins even further through the remainder of the year.</p><p><blockquote>这个<b>Zillow集团</b>毫无疑问,ZG已经成为排名第一的在线房地产网站和购房消费者的一站式商店。该公司最近转向 iHome 业务(直接从消费者那里购买房屋,然后在公开市场上出售),这是最近收入增长的积极催化剂,该业务与 ZG 的抵押贷款部门以及互联网、媒体和技术部门融合得很好。然而,尽管最近股价大幅下跌,但在我看来,ZG 似乎仍然被严重高估。这是因为利润率——一句话——很可怜。此外,第二季度指引疲软,该公司计划今年额外招聘 2,000 名员工。在我看来,这将在今年剩余时间里进一步给利润率带来压力。</blockquote></p><p> <b>Investment Rationale</b></p><p><blockquote><b>投资理性</b></blockquote></p><p> Like many Americans, Zillow has become one of my favorite websites. I am surely not alone when it comes to frequently checking Zillow.com to see what the current \"Zestimate\" is for my home as well as for the homes I have owned in the past, and those of my friends and family.</p><p><blockquote>像许多美国人一样,Zillow已经成为我最喜欢的网站之一。我肯定不是唯一一个经常查看Zillow.com的人,看看当前的“Zestimate”对我的家以及我过去拥有的家以及我的朋友和家人的家来说是多少。</blockquote></p><p> Indeed, marketing share data from Statista shows that Zillow is #1 in unique monthly visits, and Trulia - which the Zillow Group bought in 2014 - is #2. In aggregate that gives the Zillow group a stranglehold on the real estate website market (at least by the unique visits metric) at more than 3x the share as compared to what was once a highly competitive race with Realtor.com for consumers' eye-balls:</p><p><blockquote>事实上,Statista的营销份额数据显示,Zillow在每月独立访问量中排名第一,Zillow集团在2014年收购的Trulia排名第二。总体而言,与曾经与 Realtor.com 争夺消费者眼球的激烈竞争相比,Zillow 集团在房地产网站市场(至少根据独特访问量指标)的份额增加了 3 倍多:</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/929acb56fa1d566e5f6c3ac0d250c2c2\" tg-width=\"640\" tg-height=\"553\"><span>Source:Statista</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源:Statista</span></p></blockquote></p><p> But of course there are other metrics to judge the popularity and use of real estate websites. Here is more recent data (April 1, 2021) from SimilarWeb.com:</p><p><blockquote>但当然还有其他指标来判断房地产网站的受欢迎程度和使用情况。以下是来自SimilarWeb.com的最新数据(2021年4月1日):</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/836f372f61ccb570286e9ac3e0f3143b\" tg-width=\"640\" tg-height=\"366\"><span>Source:SimilarWeb.com</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源:SimilarWeb.com</span></p></blockquote></p><p> When it comes to average visit duration, pages viewed per visit, and bounce rate (the % of consumers that only view one-page then leave the site), Zillow and Trulia again show impressive comps. That said, note there must be other metrics that figure into the SimilarWeb ratings shown above because - from these metrics alone - one could argue rightmove.co.uk has the best stats as shown. Regardless, this graphic is another indicator that the Zillow/Trulia brand is very strong and the market leader.</p><p><blockquote>当谈到平均访问持续时间、每次访问浏览的页面和跳出率(只浏览一个页面然后离开网站的消费者的百分比)时,Zillow和Trulia再次显示出令人印象深刻的比较。也就是说,请注意,上面显示的类似网站评级中肯定还有其他指标,因为仅从这些指标来看,人们可以说rightmove.co.uk拥有如图所示的最佳统计数据。无论如何,这张图是Zillow/Trulia品牌非常强大和市场领导者的另一个指标。</blockquote></p><p> However, eye-balls aren't enough ... the views and activity need to be converted into profits, and that is where the Zillow Group is struggling in comparison to its rather lofty valuation.</p><p><blockquote>然而,眼球是不够的……观点和活动需要转化为利润,这就是 Zillow 集团与其相当高的估值相比陷入困境的地方。</blockquote></p><p> <b>Q1 Earnings</b></p><p><blockquote><b>第一季度收益</b></blockquote></p><p> Zillow released its Q1 EPS report on May 4th. It was a strong report. GAAP net-income of $0.20/share beat estimates by a whopping $0.13. Revenue of $1.22 billion was a $120 million beat and was up 8% yoy. The company reported strong traffic on its website and mobile apps, with 221 million average monthly users (up 15% yoy) driving 2.5 billion visits during Q1 (up 19% yoy).</p><p><blockquote>Zillow 于 5 月 4 日发布了第一季度每股收益报告。这是一份强有力的报告。GAAP 每股净利润为 0.20 美元,超出预期 0.13 美元。收入为 12.2 亿美元,比上年增长 1.2 亿美元,同比增长 8%。该公司报告称,其网站和移动应用程序的流量强劲,平均每月用户数量为 2.21 亿(同比增长 15%),第一季度访问量为 25 亿次(同比增长 19%)。</blockquote></p><p> The most interesting segment in Q1 was the iHome (or what ZG calls \"Zillow Offers\") because it accounted for ~57% of revenue and is the segment Zillow is counting on to be is profitable growth engine.</p><p><blockquote>Q1 最有趣的细分市场是 iHome(或 ZG 评级“Zillow 提供的”),因为它约占收入的 57%,并且是 Zillow 指望成为盈利增长引擎的细分市场。</blockquote></p><p> However, as can be seen in the graphic below, the margins are - so far - quite puny:</p><p><blockquote>然而,如下图所示,到目前为止,利润率相当小:</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/82e5264c5427eb9f8b1987c2182cb39a\" tg-width=\"640\" tg-height=\"311\"><span>Source: Zillow'sQ1 EPS report</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源:Zillow 第一季度每股收益报告</span></p></blockquote></p><p></p><p> As can be seen, the all-in return (after operating costs and interest expense) on the home buying/selling (flipping might be a better word) is a scant 4.94% of the average per-home revenue. That is despite what is generally considered to be a very hot-market real estate market across the nation. In addition, note the iHome business is a threat to the company's future growth aspirations because the pivot to iHome has pretty much cratered the company's Premier Agent business. The pivot also likely means more pressure on Zillow's advertising revenue which generally comes from the agents its iHome segment is now stealing away homes from. And all that for only 4.9% margins?</p><p><blockquote>可以看出,房屋买卖(翻转可能是一个更好的词)的总回报(扣除运营成本和利息支出)仅为平均每户收入的4.94%。尽管全国房地产市场普遍认为非常火爆。此外,请注意,iHome 业务对公司未来的增长愿望构成威胁,因为转向 iHome 几乎削弱了公司的主要代理业务。这一转变也可能意味着 Zillow 的广告收入将面临更大的压力,而广告收入通常来自其 iHome 部门现在正在抢走房屋的代理商。而这一切的利润率仅为 4.9%?</blockquote></p><p> <b>Going Forward</b></p><p><blockquote><b>前进</b></blockquote></p><p> The chart below is the company's guidance for Q2:</p><p><blockquote>下图是该公司第二季度的指引:</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d976a71e1e72bb8f0c6ac3306aa4f100\" tg-width=\"628\" tg-height=\"337\"><span>Source: Zillow's Q1 EPS report</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源:Zillow 第一季度每股收益报告</span></p></blockquote></p><p> At the midpoint of guidance total adjusted EBITDA ($128 million), note that <b>will be down considerably</b> from the $181 million in total adjusted EBITDA delivered in Q1.</p><p><blockquote>在指导总额调整后 EBITDA(1.28 亿美元)的中点,请注意<b>会大幅下降</b>第一季度交付的调整后 EBITDA 总额为 1.81 亿美元。</blockquote></p><p> In addition, note the weighted average share-count at the end of Q1 (it was not included in the Q1 EPS report, but can be found in the SEC 10-Q filing) was 259,346,000 shares (up a whopping 23% yoy). And that share-count is expected to continue growing to an estimated 265.5 million shares at the end of Q2 (based on the guidance shown above).</p><p><blockquote>此外,请注意第一季度末的加权平均股数(未包含在第一季度每股收益报告中,但可以在 SEC 10-Q 文件中找到)为 259,346,000 股(同比增长高达 23%)。预计到第二季度末,该股份数量将继续增长至约 2.655 亿股(基于上述指引)。</blockquote></p><p> <b>Valuation</b></p><p><blockquote><b>估值</b></blockquote></p><p> So we have weak margins, falling adjusted EBITDA and a significantly rising number of fully diluted shares. Hmmmm.</p><p><blockquote>因此,我们的利润率疲软,调整后 EBITDA 下降,完全稀释股票数量大幅增加。嗯嗯。</blockquote></p><p> Yet, despite the recent correction in the stock (note the stock is down ~30% since my Seeking Alpha article in March <i>Zillow: Take Profits</i>), the stock is still trading at a lofty valuation given the analysis of Q1 and Q2 guidance just presented. The Seeking Alpha forward P/E=97.7x.</p><p><blockquote>然而,尽管该股最近进行了调整(请注意,自我 3 月份发表 Seeking Alpha 文章以来,该股已下跌约 30%<i>Zillow:获利了结</i>),考虑到刚刚提出的第一季度和第二季度指引的分析,该股的估值仍然很高。寻求阿尔法远期市盈率=97.7x。</blockquote></p><p> That is obviously a rich comparison in terms of Zillow's growth prospects (or non-growth...) considering the weak Q2 guidance. In addition, it is not clear to me what the catalyst will be to improve the company's awfully small margins going forward. That is especially the case considering <b>Zillow plans to hire an additional 2,000 employees this year</b>, increasing its headcount by some 40%. In my opinion, this headcount growth will be a significant headwind when it comes to increasing margins. That is, Zillow is not able to demonstrate increasing margins as it tries to scale-up its operations.</p><p><blockquote>就 Zillow 的增长前景(或非增长)而言,这显然是一个丰富的比较……)考虑到第二季度指引疲软。此外,我不清楚什么催化剂将是改善该公司未来极低的利润率。尤其是考虑到<b>Zillow 计划今年增聘 2,000 名员工</b>,使其员工人数增加了约40%。在我看来,当谈到提高利润率时,员工人数的增长将是一个重大的阻力。也就是说,Zillow 在试图扩大业务规模时无法证明利润率不断增长。</blockquote></p><p> Meantime, the pivot to iHome also means that ZG now has significantly more macro-level risks as it will be increasingly dependent on the ups (now..) and downs (coming...) of the housing market.</p><p><blockquote>与此同时,转向 iHome 也意味着 ZG 现在面临着更多的宏观风险,因为它将越来越依赖于房地产市场的起伏(现在……)。</blockquote></p><p> <b>Risks</b></p><p><blockquote><b>风险</b></blockquote></p><p> The risk of buying Zillow Group today is - in my opinion, a priced-to-near-perfection valuation level. I say \"near perfection\" because it was priced to perfection when I wrote my \"Take Profits\" article on ZG, and since it is down 30% since that piece was published, now I will simply call ZG a \"rich valuation\" proposition.</p><p><blockquote>在我看来,今天购买 Zillow Group 的风险是一个近乎完美的估值水平。我说“接近完美”是因为当我写关于 ZG 的“获利了结”文章时,它的定价是完美的,而且自那篇文章发表以来,它已经下跌了 30%,现在我将简单地给 ZG 一个“丰富的估值”命题。</blockquote></p><p> The goods news is that Zillow has a relatively strong balance sheet: it ended the quarter with $4.7 billion in cash (up from $3.9 billion at the end of 2020) after completing a $551 million stock offering during the quarter.</p><p><blockquote>商品消息是,Zillow 的资产负债表相对强劲:在本季度完成 5.51 亿美元的股票发行后,该季度末拥有 47 亿美元现金(高于 2020 年底的 39 亿美元)。</blockquote></p><p> That compares to $2.259 billion in debt, which was down slightly from year-end. As a result, the company has an estimated $9.19/share in net cash based on the 265.5 million diluted shares outstanding at the end of Q1. And Zillow will likely need to keep a fair amount of cash in order to offset its higher risk profile due to direct exposure to the housing market. That is because history shows us the US housing market can change on-a-dime and could catch ZG holding a rather large inventory of homes.</p><p><blockquote>相比之下,债务为 22.59 亿美元,较年底略有下降。因此,根据第一季度末2.655亿股稀释后的流通股,该公司的净现金估计为每股9.19美元。Zillow 可能需要保留相当数量的现金,以抵消其因直接接触房地产市场而导致的较高风险状况。这是因为历史告诉我们,美国房地产市场可以瞬息万变,并可能抓住ZG持有相当大的房屋库存。</blockquote></p><p> <b>Summary & Conclusion</b></p><p><blockquote><b>总结与结论</b></blockquote></p><p> While Zillow's Q1 report was certainly much improved on a sequential basis, the company's own Q2 guidance seems to be more indicative of the thesis I presented in my last article on the company. That is, the stock's valuation simply appears to be substantially out-of-whack in comparison to its demonstrated growth metrics. More shares, falling sequential adjusted EBITDA in Q2 despite a hot and highly appreciating housing market and ... well, I just cannot understand the current valuation level. As a result, I maintain the opinion from my previous article: I wouldn't be interested in ZG until it reached the ~$50/share level.</p><p><blockquote>虽然 Zillow 的第一季度报告无疑在连续基础上有了很大改善,但该公司自己的第二季度指引似乎更能说明我在上一篇关于该公司的文章中提出的论点。也就是说,与其已证明的增长指标相比,该股的估值似乎完全不正常。尽管房地产市场火爆且高度升值,但第二季度调整后 EBITDA 环比下降……嗯,我就是看不懂现在的估值水平。因此,我维持上一篇文章中的观点:在ZG达到50美元/股的水平之前,我不会对它感兴趣。</blockquote></p><p> I will end with a five-year price chart of ZG and note that my $50 target is roughly where the stock was prior to the pandemic. Certainly the EPS reports issues since that time do not justify the rapid and substantial increase in the shares to $200 ... or, even the current $110 level.</p><p><blockquote>我将以 ZG 的五年价格图表作为结尾,并指出我的 50 美元目标大致是该股在大流行之前的水平。当然,自那时以来发布的每股收益报告并不能证明股价快速大幅上涨至200美元是合理的……或者,甚至是目前的110美元水平。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8f243f9f555525da2dcb1589d18cd30f\" tg-width=\"635\" tg-height=\"403\"><span>Data byYCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来源:YCharts</span></p></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://seekingalpha.com/article/4433217-zillow-significant-downside-remains\">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":{"Z":"Zillow"},"source_url":"https://seekingalpha.com/article/4433217-zillow-significant-downside-remains","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1120164826","content_text":"Summary\n\nShares of Zillow Group have come down some 30% since my \"Take Profits\" article was published on Seeking Alpha.\nHowever, and despite a definite improvement in the latest Q1 EPS report, the stock looks to have a further downside to come.\nThat is because margins are dismal, forward adjusted EBITDA guidance for Q2 was weak (lower than Q1), and the outstanding share count continues to grow.\nYet, the stock still trades with a forward P/E of nearly 100x.\n\nPhoto by Sundry Photography/iStock Editorial via Getty Images\nThe Zillow Group (ZG) has, without a doubt, established itself as the #1 online real estate website and as one-stop shop for home-buying consumers. The company's recent pivot to what I'll call the iHome business (purchasing homes directly from consumers and then selling them on the open market) has been a positive catalyst of late in terms of revenue growth, and that business blends well with ZG's Mortgage Segment and Internet, Media, and Technology Segment. However, despite the recent and significant drop in the price of the shares, ZG still seem substantially overvalued in my opinion. That is because margins are - in a word - pathetic. In addition, Q2 guidance was weak and the company plans to hire an additional 2,000 employees this year. In my opinion, that will pressure margins even further through the remainder of the year.\nInvestment Rationale\nLike many Americans, Zillow has become one of my favorite websites. I am surely not alone when it comes to frequently checking Zillow.com to see what the current \"Zestimate\" is for my home as well as for the homes I have owned in the past, and those of my friends and family.\nIndeed, marketing share data from Statista shows that Zillow is #1 in unique monthly visits, and Trulia - which the Zillow Group bought in 2014 - is #2. In aggregate that gives the Zillow group a stranglehold on the real estate website market (at least by the unique visits metric) at more than 3x the share as compared to what was once a highly competitive race with Realtor.com for consumers' eye-balls:\nSource:Statista\nBut of course there are other metrics to judge the popularity and use of real estate websites. Here is more recent data (April 1, 2021) from SimilarWeb.com:\nSource:SimilarWeb.com\nWhen it comes to average visit duration, pages viewed per visit, and bounce rate (the % of consumers that only view one-page then leave the site), Zillow and Trulia again show impressive comps. That said, note there must be other metrics that figure into the SimilarWeb ratings shown above because - from these metrics alone - one could argue rightmove.co.uk has the best stats as shown. Regardless, this graphic is another indicator that the Zillow/Trulia brand is very strong and the market leader.\nHowever, eye-balls aren't enough ... the views and activity need to be converted into profits, and that is where the Zillow Group is struggling in comparison to its rather lofty valuation.\nQ1 Earnings\nZillow released its Q1 EPS report on May 4th. It was a strong report. GAAP net-income of $0.20/share beat estimates by a whopping $0.13. Revenue of $1.22 billion was a $120 million beat and was up 8% yoy. The company reported strong traffic on its website and mobile apps, with 221 million average monthly users (up 15% yoy) driving 2.5 billion visits during Q1 (up 19% yoy).\nThe most interesting segment in Q1 was the iHome (or what ZG calls \"Zillow Offers\") because it accounted for ~57% of revenue and is the segment Zillow is counting on to be is profitable growth engine.\nHowever, as can be seen in the graphic below, the margins are - so far - quite puny:\nSource: Zillow'sQ1 EPS report\nAs can be seen, the all-in return (after operating costs and interest expense) on the home buying/selling (flipping might be a better word) is a scant 4.94% of the average per-home revenue. That is despite what is generally considered to be a very hot-market real estate market across the nation. In addition, note the iHome business is a threat to the company's future growth aspirations because the pivot to iHome has pretty much cratered the company's Premier Agent business. The pivot also likely means more pressure on Zillow's advertising revenue which generally comes from the agents its iHome segment is now stealing away homes from. And all that for only 4.9% margins?\nGoing Forward\nThe chart below is the company's guidance for Q2:\nSource: Zillow's Q1 EPS report\nAt the midpoint of guidance total adjusted EBITDA ($128 million), note that will be down considerably from the $181 million in total adjusted EBITDA delivered in Q1.\nIn addition, note the weighted average share-count at the end of Q1 (it was not included in the Q1 EPS report, but can be found in the SEC 10-Q filing) was 259,346,000 shares (up a whopping 23% yoy). And that share-count is expected to continue growing to an estimated 265.5 million shares at the end of Q2 (based on the guidance shown above).\nValuation\nSo we have weak margins, falling adjusted EBITDA and a significantly rising number of fully diluted shares. Hmmmm.\nYet, despite the recent correction in the stock (note the stock is down ~30% since my Seeking Alpha article in March Zillow: Take Profits), the stock is still trading at a lofty valuation given the analysis of Q1 and Q2 guidance just presented. The Seeking Alpha forward P/E=97.7x.\nThat is obviously a rich comparison in terms of Zillow's growth prospects (or non-growth...) considering the weak Q2 guidance. In addition, it is not clear to me what the catalyst will be to improve the company's awfully small margins going forward. That is especially the case considering Zillow plans to hire an additional 2,000 employees this year, increasing its headcount by some 40%. In my opinion, this headcount growth will be a significant headwind when it comes to increasing margins. That is, Zillow is not able to demonstrate increasing margins as it tries to scale-up its operations.\nMeantime, the pivot to iHome also means that ZG now has significantly more macro-level risks as it will be increasingly dependent on the ups (now..) and downs (coming...) of the housing market.\nRisks\nThe risk of buying Zillow Group today is - in my opinion, a priced-to-near-perfection valuation level. I say \"near perfection\" because it was priced to perfection when I wrote my \"Take Profits\" article on ZG, and since it is down 30% since that piece was published, now I will simply call ZG a \"rich valuation\" proposition.\nThe goods news is that Zillow has a relatively strong balance sheet: it ended the quarter with $4.7 billion in cash (up from $3.9 billion at the end of 2020) after completing a $551 million stock offering during the quarter.\nThat compares to $2.259 billion in debt, which was down slightly from year-end. As a result, the company has an estimated $9.19/share in net cash based on the 265.5 million diluted shares outstanding at the end of Q1. And Zillow will likely need to keep a fair amount of cash in order to offset its higher risk profile due to direct exposure to the housing market. That is because history shows us the US housing market can change on-a-dime and could catch ZG holding a rather large inventory of homes.\nSummary & Conclusion\nWhile Zillow's Q1 report was certainly much improved on a sequential basis, the company's own Q2 guidance seems to be more indicative of the thesis I presented in my last article on the company. That is, the stock's valuation simply appears to be substantially out-of-whack in comparison to its demonstrated growth metrics. More shares, falling sequential adjusted EBITDA in Q2 despite a hot and highly appreciating housing market and ... well, I just cannot understand the current valuation level. As a result, I maintain the opinion from my previous article: I wouldn't be interested in ZG until it reached the ~$50/share level.\nI will end with a five-year price chart of ZG and note that my $50 target is roughly where the stock was prior to the pandemic. Certainly the EPS reports issues since that time do not justify the rapid and substantial increase in the shares to $200 ... or, even the current $110 level.\nData byYCharts","news_type":1,"symbols_score_info":{"Z":0.9}},"isVote":1,"tweetType":1,"viewCount":428,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":106903212,"gmtCreate":1620082149036,"gmtModify":1634208071107,"author":{"id":"3572077804076143","authorId":"3572077804076143","name":"Yappy","avatar":"https://static.tigerbbs.com/ab4d89913ade03f15c782b99132ba22f","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572077804076143","idStr":"3572077804076143"},"themes":[],"title":"","htmlText":"Pls like thanks ","listText":"Pls like thanks ","text":"Pls like thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":5,"repostSize":0,"link":"https://laohu8.com/post/106903212","repostId":"1135819410","repostType":4,"repost":{"id":"1135819410","kind":"news","pubTimestamp":1619999342,"share":"https://www.laohunote.com/m/news/1135819410?lang=zh_CN&edition=full","pubTime":"2021-05-03 07:49","market":"us","language":"en","title":"Uber, Pfizer, PayPal, T-Mobile, ViacomCBS, General Motors, and Other Stocks for Investors to Watch This Week<blockquote>Uber、辉瑞、PayPal、T-Mobile、维亚康姆哥伦比亚广播公司、通用汽车等投资者本周值得关注的股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1135819410","media":"Barrons","summary":"It’s another packed week of earnings reports, with 130 S&P 500 companies on deck to release their fi","content":"<p>It’s another packed week of earnings reports, with 130 S&P 500 companies on deck to release their first-quarter results. Estée Lauder is among Monday’s highlights, before things pick up on Tuesday: Activision Blizzard, CVS Health, DuPont, Pfizer, and T-Mobile US all report.</p><p><blockquote>又是财报密集的一周,标普500有 130 家公司即将发布第一季度业绩。雅诗兰黛是周一的亮点之一,周二的情况有所好转: 动视暴雪、CVS Health、杜邦、辉瑞和 T-Mobile US 均有报道。</blockquote></p><p>On Wednesday, Barrick Gold, Booking Holdings, General Motors, PayPal Holdings, and Uber Technologies release earnings. Anheuser-Busch InBev, Moderna, Regeneron Pharmaceuticals, Square, and ViacomCBS go on Thursday. And finally, Cigna closes the week on Friday.</p><p><blockquote>周三,巴里克黄金公司、Booking Holdings、通用汽车、PayPal控股公司和优步科技公司发布财报。百威英博、Moderna、再生元制药、Square和维亚康姆哥伦比亚广播公司将于周四上市。最后,信诺将于周五结束本周。</blockquote></p><p><img src=\"https://static.tigerbbs.com/e1a866fbe5118566e68842053d76e2b9\" tg-width=\"1382\" tg-height=\"750\"></p><p><blockquote></blockquote></p><p>On the economic calendar this week, the main event will jobs Friday. The Bureau of Labor Statistics is forecast to report a gain of 975,000 nonfarm payrolls in April, and an unemployment rate of 5.8%—down from 6% a month earlier.</p><p><blockquote>在本周的经济日历上,主要事件将是周五的就业。美国劳工统计局(Bureau of Labor Statistics)预测,4月份非农就业人数将增加97.5万人,失业率为5.8%,低于一个月前的6%。</blockquote></p><p>Other data out this week include the Institute for Supply Management’s Manufacturing Purchasing Managers’ Index for April on Monday and its Services equivalent on Wednesday.</p><p><blockquote>本周公布的其他数据包括周一公布的美国供应管理协会 (Institute for Supply Management) 4 月份制造业采购经理人指数和周三公布的服务业指数。</blockquote></p><p>Enterprise Products Partners and Estée Lauder release earnings.</p><p><blockquote>企业产品合作伙伴和雅诗兰黛发布收益。</blockquote></p><p>Merck and Public Storage hold virtual investor days.</p><p><blockquote>默克和公共存储举办虚拟投资者日。</blockquote></p><p><b>The Census Bureau</b> reports construction-spending data for March. Consensus estimate is for a 0.6% month-over-month increase in construction spending to a seasonally adjusted annual rate of $1.53 trillion.</p><p><blockquote><b>人口普查局</b>报告三月份建筑支出数据。普遍估计,经季节性调整后的年增长率为 1.53 万亿美元,建筑支出环比增长 0.6%。</blockquote></p><p><b>The Institute for Supply</b> Management releases its Manufacturing Purchasing Managers’ Index for April. Economists forecast a 65 reading, roughly even with the March figure. The March reading was the highest for the index since December 1983.</p><p><blockquote><b>供应研究所</b>管理层发布4月份制造业采购经理人指数。经济学家预测读数为65,与3月份的数字大致持平。3月份的读数是该指数自1983年12月以来的最高水平。</blockquote></p><p><b>Tuesday 5/4</b></p><p><blockquote><b>星期二 5/4</b></blockquote></p><p>Activision Blizzard,ConocoPhillips, Cummins, CVS Health,Dominion Energy,DuPont, Eaton, Pfizer,Sysco,and T-Mobile US report quarterly results.</p><p><blockquote>动视暴雪、康菲石油公司、康明斯、CVS Health、Dominion Energy、杜邦、伊顿、辉瑞、思科和 T-Mobile US 报告季度业绩。</blockquote></p><p>Eli Lilly holds a conference call to discuss its sustainability initiatives.</p><p><blockquote>礼来公司召开电话会议讨论其可持续发展举措。</blockquote></p><p>Union Pacific holds its 2021 virtual investor day.</p><p><blockquote>联合太平洋举办 2021 年虚拟投资者日。</blockquote></p><p><b>Wednesday 5/5</b></p><p><blockquote><b>星期三 5/5</b></blockquote></p><p>Barrick Gold, Booking Holdings,BorgWarner,Emerson Electric,General Motors,Hilton Worldwide Holdings,Novo Nordisk,PayPal Holdings, and Uber Technologies release earnings.</p><p><blockquote>Barrick Gold、Booking Holdings、博格华纳、艾默生电气、通用汽车、希尔顿全球控股公司、诺和诺德、PayPal Holdings 和 Uber Technologies 发布财报。</blockquote></p><p><b>ADP releases</b> its National Employment Report for April. Expectations are for a gain of 762,500 jobs in private-sector employment after a 517,000 increase in March.</p><p><blockquote><b>ADP释放</b>其4月份的全国就业报告。继 3 月份增加 517,000 个就业岗位后,预计私营部门就业岗位将增加 762,500 个。</blockquote></p><p><b>ISM releases</b> its Services PMI for April. The consensus call is for a 64.6 reading, a tick higher than the March data. The March reading was an all-time high for the index.</p><p><blockquote><b>ISM版本</b>其4月份服务业采购经理人指数。普遍看涨期权为 64.6,比 3 月份的数据高出一个档次。三月份的读数是该指数的历史新高。</blockquote></p><p><b>Thursday 5/6</b></p><p><blockquote><b>星期四 5/6</b></blockquote></p><p>Anheuser-Busch InBev,Becton Dickinson,Expedia Group,Fidelity National Information Services,Kellogg, Linde,MetLife,Moderna, Regeneron Pharmaceuticals, Square, ViacomCBS, and Zoetishold conference calls to discuss quarterly results.</p><p><blockquote>百威英博、Becton Dickinson、Expedia Group、富达国家信息服务、家乐氏、林德、大都会人寿、Moderna、再生元制药、Square、ViacomCBS 和 Zoetis 在评级举行会议讨论季度业绩。</blockquote></p><p><b>The Department of Labor</b> reports initial jobless claims for the week ending on May 1. Initial jobless claims have averaged 611,750 a week in April and are at their lowest level since March of last year.</p><p><blockquote><b>劳工部</b>报告截至 5 月 1 日当周的首次申请失业救济人数。4月份首次申请失业救济人数平均每周为611,750人,处于去年3月以来的最低水平。</blockquote></p><p><b>The Bureau of Labor</b> Statistics reports labor costs and productivity for the first quarter. Expectations are for a seasonally adjusted annual rate of 2.2% productivity growth, compared with a 4.2% decline in the fourth quarter of 2020. Unit labor costs are seen falling 0.4% after rising 6% previously.</p><p><blockquote><b>劳工局</b>统计数据报告了第一季度的劳动力成本和生产率。预计经季节性调整后的生产率年增长率为 2.2%,而 2020 年第四季度为下降 4.2%。单位劳动力成本在此前上涨 6% 后下降 0.4%。</blockquote></p><p><b>Friday 5/7</b></p><p><blockquote><b>5/7星期五</b></blockquote></p><p><b>The Bureau of Labor</b> Statistics releases the jobs report for April. Economists forecast a gain of 975,000 in nonfarm payroll employment. The unemployment rate is expected to edge down to 5.8% from 6%.</p><p><blockquote><b>劳工局</b>统计局发布了4月份的就业报告。经济学家预测非农就业人数将增加97.5万人。失业率预计将从6%小幅降至5.8%。</blockquote></p><p>Cigna and <b>Liberty Media</b> report earnings.</p><p><blockquote>信诺和<b>自由媒体</b>报告收益。</blockquote></p><p></p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Uber, Pfizer, PayPal, T-Mobile, ViacomCBS, General Motors, and Other Stocks for Investors to Watch This Week<blockquote>Uber、辉瑞、PayPal、T-Mobile、维亚康姆哥伦比亚广播公司、通用汽车等投资者本周值得关注的股票</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUber, Pfizer, PayPal, T-Mobile, ViacomCBS, General Motors, and Other Stocks for Investors to Watch This Week<blockquote>Uber、辉瑞、PayPal、T-Mobile、维亚康姆哥伦比亚广播公司、通用汽车等投资者本周值得关注的股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-05-03 07:49</span>\n</p>\n</h4>\n</header>\n<article>\n<p>It’s another packed week of earnings reports, with 130 S&P 500 companies on deck to release their first-quarter results. Estée Lauder is among Monday’s highlights, before things pick up on Tuesday: Activision Blizzard, CVS Health, DuPont, Pfizer, and T-Mobile US all report.</p><p><blockquote>又是财报密集的一周,标普500有 130 家公司即将发布第一季度业绩。雅诗兰黛是周一的亮点之一,周二的情况有所好转: 动视暴雪、CVS Health、杜邦、辉瑞和 T-Mobile US 均有报道。</blockquote></p><p>On Wednesday, Barrick Gold, Booking Holdings, General Motors, PayPal Holdings, and Uber Technologies release earnings. Anheuser-Busch InBev, Moderna, Regeneron Pharmaceuticals, Square, and ViacomCBS go on Thursday. And finally, Cigna closes the week on Friday.</p><p><blockquote>周三,巴里克黄金公司、Booking Holdings、通用汽车、PayPal控股公司和优步科技公司发布财报。百威英博、Moderna、再生元制药、Square和维亚康姆哥伦比亚广播公司将于周四上市。最后,信诺将于周五结束本周。</blockquote></p><p><img src=\"https://static.tigerbbs.com/e1a866fbe5118566e68842053d76e2b9\" tg-width=\"1382\" tg-height=\"750\"></p><p><blockquote></blockquote></p><p>On the economic calendar this week, the main event will jobs Friday. The Bureau of Labor Statistics is forecast to report a gain of 975,000 nonfarm payrolls in April, and an unemployment rate of 5.8%—down from 6% a month earlier.</p><p><blockquote>在本周的经济日历上,主要事件将是周五的就业。美国劳工统计局(Bureau of Labor Statistics)预测,4月份非农就业人数将增加97.5万人,失业率为5.8%,低于一个月前的6%。</blockquote></p><p>Other data out this week include the Institute for Supply Management’s Manufacturing Purchasing Managers’ Index for April on Monday and its Services equivalent on Wednesday.</p><p><blockquote>本周公布的其他数据包括周一公布的美国供应管理协会 (Institute for Supply Management) 4 月份制造业采购经理人指数和周三公布的服务业指数。</blockquote></p><p>Enterprise Products Partners and Estée Lauder release earnings.</p><p><blockquote>企业产品合作伙伴和雅诗兰黛发布收益。</blockquote></p><p>Merck and Public Storage hold virtual investor days.</p><p><blockquote>默克和公共存储举办虚拟投资者日。</blockquote></p><p><b>The Census Bureau</b> reports construction-spending data for March. Consensus estimate is for a 0.6% month-over-month increase in construction spending to a seasonally adjusted annual rate of $1.53 trillion.</p><p><blockquote><b>人口普查局</b>报告三月份建筑支出数据。普遍估计,经季节性调整后的年增长率为 1.53 万亿美元,建筑支出环比增长 0.6%。</blockquote></p><p><b>The Institute for Supply</b> Management releases its Manufacturing Purchasing Managers’ Index for April. Economists forecast a 65 reading, roughly even with the March figure. The March reading was the highest for the index since December 1983.</p><p><blockquote><b>供应研究所</b>管理层发布4月份制造业采购经理人指数。经济学家预测读数为65,与3月份的数字大致持平。3月份的读数是该指数自1983年12月以来的最高水平。</blockquote></p><p><b>Tuesday 5/4</b></p><p><blockquote><b>星期二 5/4</b></blockquote></p><p>Activision Blizzard,ConocoPhillips, Cummins, CVS Health,Dominion Energy,DuPont, Eaton, Pfizer,Sysco,and T-Mobile US report quarterly results.</p><p><blockquote>动视暴雪、康菲石油公司、康明斯、CVS Health、Dominion Energy、杜邦、伊顿、辉瑞、思科和 T-Mobile US 报告季度业绩。</blockquote></p><p>Eli Lilly holds a conference call to discuss its sustainability initiatives.</p><p><blockquote>礼来公司召开电话会议讨论其可持续发展举措。</blockquote></p><p>Union Pacific holds its 2021 virtual investor day.</p><p><blockquote>联合太平洋举办 2021 年虚拟投资者日。</blockquote></p><p><b>Wednesday 5/5</b></p><p><blockquote><b>星期三 5/5</b></blockquote></p><p>Barrick Gold, Booking Holdings,BorgWarner,Emerson Electric,General Motors,Hilton Worldwide Holdings,Novo Nordisk,PayPal Holdings, and Uber Technologies release earnings.</p><p><blockquote>Barrick Gold、Booking Holdings、博格华纳、艾默生电气、通用汽车、希尔顿全球控股公司、诺和诺德、PayPal Holdings 和 Uber Technologies 发布财报。</blockquote></p><p><b>ADP releases</b> its National Employment Report for April. Expectations are for a gain of 762,500 jobs in private-sector employment after a 517,000 increase in March.</p><p><blockquote><b>ADP释放</b>其4月份的全国就业报告。继 3 月份增加 517,000 个就业岗位后,预计私营部门就业岗位将增加 762,500 个。</blockquote></p><p><b>ISM releases</b> its Services PMI for April. The consensus call is for a 64.6 reading, a tick higher than the March data. The March reading was an all-time high for the index.</p><p><blockquote><b>ISM版本</b>其4月份服务业采购经理人指数。普遍看涨期权为 64.6,比 3 月份的数据高出一个档次。三月份的读数是该指数的历史新高。</blockquote></p><p><b>Thursday 5/6</b></p><p><blockquote><b>星期四 5/6</b></blockquote></p><p>Anheuser-Busch InBev,Becton Dickinson,Expedia Group,Fidelity National Information Services,Kellogg, Linde,MetLife,Moderna, Regeneron Pharmaceuticals, Square, ViacomCBS, and Zoetishold conference calls to discuss quarterly results.</p><p><blockquote>百威英博、Becton Dickinson、Expedia Group、富达国家信息服务、家乐氏、林德、大都会人寿、Moderna、再生元制药、Square、ViacomCBS 和 Zoetis 在评级举行会议讨论季度业绩。</blockquote></p><p><b>The Department of Labor</b> reports initial jobless claims for the week ending on May 1. Initial jobless claims have averaged 611,750 a week in April and are at their lowest level since March of last year.</p><p><blockquote><b>劳工部</b>报告截至 5 月 1 日当周的首次申请失业救济人数。4月份首次申请失业救济人数平均每周为611,750人,处于去年3月以来的最低水平。</blockquote></p><p><b>The Bureau of Labor</b> Statistics reports labor costs and productivity for the first quarter. Expectations are for a seasonally adjusted annual rate of 2.2% productivity growth, compared with a 4.2% decline in the fourth quarter of 2020. Unit labor costs are seen falling 0.4% after rising 6% previously.</p><p><blockquote><b>劳工局</b>统计数据报告了第一季度的劳动力成本和生产率。预计经季节性调整后的生产率年增长率为 2.2%,而 2020 年第四季度为下降 4.2%。单位劳动力成本在此前上涨 6% 后下降 0.4%。</blockquote></p><p><b>Friday 5/7</b></p><p><blockquote><b>5/7星期五</b></blockquote></p><p><b>The Bureau of Labor</b> Statistics releases the jobs report for April. Economists forecast a gain of 975,000 in nonfarm payroll employment. The unemployment rate is expected to edge down to 5.8% from 6%.</p><p><blockquote><b>劳工局</b>统计局发布了4月份的就业报告。经济学家预测非农就业人数将增加97.5万人。失业率预计将从6%小幅降至5.8%。</blockquote></p><p>Cigna and <b>Liberty Media</b> report earnings.</p><p><blockquote>信诺和<b>自由媒体</b>报告收益。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://www.barrons.com/articles/uber-pfizer-paypal-t-mobile-viacomcbs-general-motors-and-other-stocks-for-investors-to-watch-this-week-51619982000?mod=hp_LEADSUPP_2\">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":{"PFE":"辉瑞",".SPX":"S&P 500 Index","UBER":"优步",".DJI":"道琼斯","GM":"通用汽车","PYPL":"PayPal",".IXIC":"NASDAQ Composite","TMUS":"T-Mobile US Inc"},"source_url":"https://www.barrons.com/articles/uber-pfizer-paypal-t-mobile-viacomcbs-general-motors-and-other-stocks-for-investors-to-watch-this-week-51619982000?mod=hp_LEADSUPP_2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1135819410","content_text":"It’s another packed week of earnings reports, with 130 S&P 500 companies on deck to release their first-quarter results. Estée Lauder is among Monday’s highlights, before things pick up on Tuesday: Activision Blizzard, CVS Health, DuPont, Pfizer, and T-Mobile US all report.On Wednesday, Barrick Gold, Booking Holdings, General Motors, PayPal Holdings, and Uber Technologies release earnings. Anheuser-Busch InBev, Moderna, Regeneron Pharmaceuticals, Square, and ViacomCBS go on Thursday. And finally, Cigna closes the week on Friday.On the economic calendar this week, the main event will jobs Friday. The Bureau of Labor Statistics is forecast to report a gain of 975,000 nonfarm payrolls in April, and an unemployment rate of 5.8%—down from 6% a month earlier.Other data out this week include the Institute for Supply Management’s Manufacturing Purchasing Managers’ Index for April on Monday and its Services equivalent on Wednesday.Enterprise Products Partners and Estée Lauder release earnings.Merck and Public Storage hold virtual investor days.The Census Bureau reports construction-spending data for March. Consensus estimate is for a 0.6% month-over-month increase in construction spending to a seasonally adjusted annual rate of $1.53 trillion.The Institute for Supply Management releases its Manufacturing Purchasing Managers’ Index for April. Economists forecast a 65 reading, roughly even with the March figure. The March reading was the highest for the index since December 1983.Tuesday 5/4Activision Blizzard,ConocoPhillips, Cummins, CVS Health,Dominion Energy,DuPont, Eaton, Pfizer,Sysco,and T-Mobile US report quarterly results.Eli Lilly holds a conference call to discuss its sustainability initiatives.Union Pacific holds its 2021 virtual investor day.Wednesday 5/5Barrick Gold, Booking Holdings,BorgWarner,Emerson Electric,General Motors,Hilton Worldwide Holdings,Novo Nordisk,PayPal Holdings, and Uber Technologies release earnings.ADP releases its National Employment Report for April. Expectations are for a gain of 762,500 jobs in private-sector employment after a 517,000 increase in March.ISM releases its Services PMI for April. The consensus call is for a 64.6 reading, a tick higher than the March data. The March reading was an all-time high for the index.Thursday 5/6Anheuser-Busch InBev,Becton Dickinson,Expedia Group,Fidelity National Information Services,Kellogg, Linde,MetLife,Moderna, Regeneron Pharmaceuticals, Square, ViacomCBS, and Zoetishold conference calls to discuss quarterly results.The Department of Labor reports initial jobless claims for the week ending on May 1. Initial jobless claims have averaged 611,750 a week in April and are at their lowest level since March of last year.The Bureau of Labor Statistics reports labor costs and productivity for the first quarter. Expectations are for a seasonally adjusted annual rate of 2.2% productivity growth, compared with a 4.2% decline in the fourth quarter of 2020. Unit labor costs are seen falling 0.4% after rising 6% previously.Friday 5/7The Bureau of Labor Statistics releases the jobs report for April. Economists forecast a gain of 975,000 in nonfarm payroll employment. The unemployment rate is expected to edge down to 5.8% from 6%.Cigna and Liberty Media report earnings.","news_type":1,"symbols_score_info":{".DJI":0.9,"UBER":0.9,"PFE":0.9,"GM":0.9,"VIACP":0.9,"TMUS":0.9,".IXIC":0.9,".SPX":0.9,"PYPL":0.9}},"isVote":1,"tweetType":1,"viewCount":643,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":865622279,"gmtCreate":1632978295626,"gmtModify":1632978296290,"author":{"id":"3572077804076143","authorId":"3572077804076143","name":"Yappy","avatar":"https://static.tigerbbs.com/ab4d89913ade03f15c782b99132ba22f","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572077804076143","idStr":"3572077804076143"},"themes":[],"title":"","htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/865622279","repostId":"1104172212","repostType":4,"isVote":1,"tweetType":1,"viewCount":812,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":138872374,"gmtCreate":1621930742198,"gmtModify":1634185402855,"author":{"id":"3572077804076143","authorId":"3572077804076143","name":"Yappy","avatar":"https://static.tigerbbs.com/ab4d89913ade03f15c782b99132ba22f","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572077804076143","idStr":"3572077804076143"},"themes":[],"title":"","htmlText":"Like n comments.thanks","listText":"Like n comments.thanks","text":"Like n comments.thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":5,"repostSize":0,"link":"https://laohu8.com/post/138872374","repostId":"2138165146","repostType":4,"isVote":1,"tweetType":1,"viewCount":937,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":196991273,"gmtCreate":1621003238292,"gmtModify":1634194623435,"author":{"id":"3572077804076143","authorId":"3572077804076143","name":"Yappy","avatar":"https://static.tigerbbs.com/ab4d89913ade03f15c782b99132ba22f","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572077804076143","idStr":"3572077804076143"},"themes":[],"title":"","htmlText":"Pls like n comments.thanks ","listText":"Pls like n comments.thanks ","text":"Pls like n comments.thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/196991273","repostId":"2135710626","repostType":4,"isVote":1,"tweetType":1,"viewCount":449,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}