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2021-12-19

Like this comment pls pls!!!!!!

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2021-12-19

Like this comment pls !!!! Tq

Wall Street ends down after mostly negative week<blockquote>华尔街在经历了大部分负面的一周后收盘下跌</blockquote>

2021-12-17

Hi! Like this comment pls

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2021-12-17

Hi! Can help like this comment?

Plug Power: Shaky Business Model, First-Mover Advantage Is A Myth<blockquote>普拉格能源：商业模式摇摇欲坠，先发优势是神话</blockquote>

2021-12-17

Like this comment here pls!

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2021-12-16

$INND one of the best OTC stocks I have came acrossed. Very communicative CEO and lots of positive newsand catalysts coming up. With the new FDA OTC regulation coming in, revenues could see an tremendous increase.

2021-12-16

Like this comment pls!!!!! Thank u guysss

Fed will aggressively dial back its monthly bond buying, sees three rate hikes next year<blockquote>美联储将大幅缩减月度债券购买规模，预计明年将加息三次</blockquote>

2021-12-16

Like my comment plsssss

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2021-12-16

Hi guys! My comment is here! U can like it! Cheers

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，道琼斯工业指数飙升，股市试图攀升</blockquote>

2021-12-16

Solid!! Pls like my comment bros! Love u all!!

Powell expects inflation to fall closer to Fed's goal by end of next year<blockquote>鲍威尔预计明年年底通胀将更接近美联储目标</blockquote>

2021-12-15

Like this comment for the greatest luck!!!! Lol

Uber jumped nearly 7% in morning trading as it cooperated with Clear Secure<blockquote>Uber与Clear Secure合作早盘上涨近7%</blockquote>

2021-12-14

$Lucid Group Inc(LCID)$All those patents $LCID holding are gonna bring them revenue in the near future!! ❤️❤️❤️❤️❤️❤️❤️❤️

2021-12-14

Like this comment pls

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2021-12-14

Like this comment my friends!!

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2021-12-12

Pls like this comment guys!! Thank you very much

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2021-12-12

Pls like this comment guys!! Thank you very much

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2021-12-12

Pls like this comment guys!! Thank you very much

US IPO Week Ahead: IoT solutions, wine, and satellites in a 3 IPO week<blockquote>美国IPO周：三周IPO中的物联网解决方案、葡萄酒和卫星</blockquote>

2021-12-11

These fuckers should just die

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2021-12-09

Hi everybody! Pls like this comment! Cheers

5 Stocks To Watch For December 9, 2021<blockquote>2021年12月9日值得关注的5只股票</blockquote>

2021-12-09

Hi! Can like this comment ?

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this comment pls pls!!!!!!","listText":"Like this comment pls pls!!!!!!","text":"Like this comment pls pls!!!!!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/699541267","repostId":"2192754259","repostType":4,"isVote":1,"tweetType":1,"viewCount":3363,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":699541612,"gmtCreate":1639864200381,"gmtModify":1639864200905,"author":{"id":"3572235673675008","authorId":"3572235673675008","name":"LEEQF","avatar":"https://static.tigerbbs.com/ead66a2c538631d15658309f808c7d40","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572235673675008","idStr":"3572235673675008"},"themes":[],"htmlText":"Like this comment pls !!!! Tq","listText":"Like this comment pls !!!! Tq","text":"Like this comment pls !!!! Tq","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/699541612","repostId":"1116106959","repostType":4,"repost":{"id":"1116106959","kind":"news","pubTimestamp":1639785552,"share":"https://www.laohu8.com/m/news/1116106959?lang=zh_CN&edition=full","pubTime":"2021-12-18 07:59","market":"us","language":"en","title":"Wall Street ends down after mostly negative week<blockquote>华尔街在经历了大部分负面的一周后收盘下跌</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1116106959","media":"Reuters","summary":" - Wall Street finished lower on Friday, weighed down by Big Tech as investors worried about the Omicron coronavirus variant and digested the Federal Reserve's decision to end its pandemic-era stimulus faster.All three main U.S. stock indexes ended with a decline for the week after the Fed on Wednesday signaled three quarter-percentage-point interest rate hikes by the end of 2022 to combat surging inflation.Nvidia dropped 2.1% and Alphabet lost 1.9%, both weighing on the S&P 500 and Nasdaq.The S","content":"<p>(Reuters) - Wall Street finished lower on Friday, weighed down by Big Tech as investors worried about the Omicron coronavirus variant and digested the Federal Reserve's decision to end its pandemic-era stimulus faster.</p><p><blockquote>（路透社）-华尔街周五收低，受大型科技股拖累，投资者担心奥密克戎冠状病毒变种，并更快消化美联储结束大流行时期刺激措施的决定。</blockquote></p><p> All three main U.S. stock indexes ended with a decline for the week after the Fed on Wednesday signaled three quarter-percentage-point interest rate hikes by the end of 2022 to combat surging inflation.</p><p><blockquote>在美联储周三暗示在2022年底前加息三次0.25个百分点以应对通胀飙升后，美国三大主要股指本周均收跌。</blockquote></p><p> Nvidia dropped 2.1% and Alphabet lost 1.9%, both weighing on the S&amp;P 500 and Nasdaq.</p><p><blockquote>英伟达下跌2.1%，Alphabet下跌1.9%，均令标普500和纳斯达克承压。</blockquote></p><p> The S&amp;P 500 growth index lost 0.7% and the value index declined 1.4%.</p><p><blockquote>标普500增长指数下跌0.7%，价值指数下跌1.4%。</blockquote></p><p> All of the 11 major S&amp;P 500 sector indexes fell, with financials leading the way down with a 2.3% drop. Energy lost 2.2%.</p><p><blockquote>标普500 11大板块指数悉数下跌，金融股跌幅2.3%领跌。能源下跌2.2%。</blockquote></p><p> Adding to uncertainty, Pfizer said on Friday the pandemic could extend through next year. European countries geared up for further travel and social restrictions and a study warned that the rapidly spreading Omicron coronavirus variant was five times more likely to reinfect people than its predecessor, Delta.</p><p><blockquote>辉瑞周五表示，疫情可能会持续到明年，这增加了不确定性。欧洲国家为进一步的旅行和社会限制做好了准备，一项研究警告说，迅速传播的奥密克戎冠状病毒变种重新感染人类的可能性是其前身达美航空的五倍。</blockquote></p><p> Traders also pointed to year-end tax selling and the simultaneous expiration of stock options, stock index futures and index options contracts - known as triple witching - as potential causes for volatility.</p><p><blockquote>交易员还指出，年终税收抛售以及股票期权、股指期货和指数期权合约同时到期——被称为三重巫术——是波动的潜在原因。</blockquote></p><p> \"It's a big options expiration day,\" said Joe Saluzzi, co-manager of trading at Themis Trading in Chatham, New Jersey. \"And now you draw on top of that some Omicron, and you've got volatility, and I think it creates a lot of uncertainty amongst investors. Where are you going to position for the end of the year?\"</p><p><blockquote>新泽西州查塔姆Themis Trading交易联席经理Joe Saluzzi表示：“这是一个重要的期权到期日。”“现在你在此基础上利用一些奥密克戎，就会出现波动，我认为这给投资者带来了很多不确定性。今年年底你打算在哪里定位？”</blockquote></p><p> Heavyweight growth stocks including Nvidia and Microsoft have outperformed the broader market in 2021, while the Philadelphia SE Semiconductor index has surged about 35%. The benchmark S&amp;P 500 index gained around 23% in the same period.</p><p><blockquote>包括英伟达和微软在内的权重成长股在2021年的表现优于大盘，而费城SE半导体指数则飙升了约35%。基准标普500指数同期上涨约23%。</blockquote></p><p> In Friday's session, the Dow Jones Industrial Average fell 1.48% to end at 35,365.44 points, while the S&amp;P 500 lost 1.03% to 4,620.64.</p><p><blockquote>周五交易中，道琼斯工业平均指数下跌1.48%，收于35,365.44点，标普500下跌1.03%，收于4,620.64点。</blockquote></p><p> The Nasdaq Composite dropped 0.07% to 15,169.68.</p><p><blockquote>纳斯达克综合指数下跌0.07%，至15,169.68点。</blockquote></p><p> On a positive note, the small-cap Russell 2000 index rallied 1% after having fallen more than 10% from a record high in early November.</p><p><blockquote>积极的一面是，小盘股罗素2000指数在从11月初的历史高点下跌超过10%后，上涨了1%。</blockquote></p><p> With options expiring, volume on U.S. exchanges jumped to 16.6 billion shares, far above the 11.9 billion average over the last 20 trading days.</p><p><blockquote>随着期权到期，美国交易所的成交量跃升至166亿股，远高于过去20个交易日119亿股的平均水平。</blockquote></p><p> For the week, the S&amp;P 500 fell 1.9%, the Dow lost 1.7% and the Nasdaq declined 2.9%.</p><p><blockquote>本周，标普500下跌1.9%，道琼斯指数下跌1.7%，纳斯达克下跌2.9%。</blockquote></p><p> In Friday's session, Oracle tumbled 6.4% after the Wall Street Journal reported the enterprise software maker is in talks to buy electronic medical records company Cerner in a deal that could be valued at $30 billion. Shares of Cerner surged 12.9%.</p><p><blockquote>周五交易中，甲骨文股价下跌6.4%，此前《华尔街日报》报道称，这家企业软件制造商正在就收购电子医疗记录公司Cerner进行谈判，交易价值可能达到300亿美元。Cerner股价飙升12.9%。</blockquote></p><p> FedEx Corp rose almost 5% after the delivery firm reinstated its original fiscal 2022 forecast on Thursday, even as persistent labor woes chipped away profits.</p><p><blockquote>尽管持续的劳工困境削弱了利润，但联邦快递公司周四恢复了最初的2022财年预测，该公司股价上涨近5%。</blockquote></p><p> Declining issues outnumbered advancing ones on the NYSE by a 1.50-to-1 ratio; on Nasdaq, a 1.16-to-1 ratio favored advancers.</p><p><blockquote>纽约证券交易所下跌股与上涨股的比例为1.50比1；在纳斯达克，1.16比1的比率有利于上涨者。</blockquote></p><p> The S&amp;P 500 posted 22 new 52-week highs and seven new lows; the Nasdaq Composite recorded 28 new highs and 341 new lows.</p><p><blockquote>标普500创下22个52周新高和7个新低；纳斯达克综合指数录得28个新高和341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>Wall Street ends down after mostly negative week<blockquote>华尔街在经历了大部分负面的一周后收盘下跌</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWall Street ends down after mostly negative week<blockquote>华尔街在经历了大部分负面的一周后收盘下跌</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Reuters</strong><span class=\"h-time small\">2021-12-18 07:59</span>\n</p>\n</h4>\n</header>\n<article>\n<p>(Reuters) - Wall Street finished lower on Friday, weighed down by Big Tech as investors worried about the Omicron coronavirus variant and digested the Federal Reserve's decision to end its pandemic-era stimulus faster.</p><p><blockquote>（路透社）-华尔街周五收低，受大型科技股拖累，投资者担心奥密克戎冠状病毒变种，并更快消化美联储结束大流行时期刺激措施的决定。</blockquote></p><p> All three main U.S. stock indexes ended with a decline for the week after the Fed on Wednesday signaled three quarter-percentage-point interest rate hikes by the end of 2022 to combat surging inflation.</p><p><blockquote>在美联储周三暗示在2022年底前加息三次0.25个百分点以应对通胀飙升后，美国三大主要股指本周均收跌。</blockquote></p><p> Nvidia dropped 2.1% and Alphabet lost 1.9%, both weighing on the S&amp;P 500 and Nasdaq.</p><p><blockquote>英伟达下跌2.1%，Alphabet下跌1.9%，均令标普500和纳斯达克承压。</blockquote></p><p> The S&amp;P 500 growth index lost 0.7% and the value index declined 1.4%.</p><p><blockquote>标普500增长指数下跌0.7%，价值指数下跌1.4%。</blockquote></p><p> All of the 11 major S&amp;P 500 sector indexes fell, with financials leading the way down with a 2.3% drop. Energy lost 2.2%.</p><p><blockquote>标普500 11大板块指数悉数下跌，金融股跌幅2.3%领跌。能源下跌2.2%。</blockquote></p><p> Adding to uncertainty, Pfizer said on Friday the pandemic could extend through next year. European countries geared up for further travel and social restrictions and a study warned that the rapidly spreading Omicron coronavirus variant was five times more likely to reinfect people than its predecessor, Delta.</p><p><blockquote>辉瑞周五表示，疫情可能会持续到明年，这增加了不确定性。欧洲国家为进一步的旅行和社会限制做好了准备，一项研究警告说，迅速传播的奥密克戎冠状病毒变种重新感染人类的可能性是其前身达美航空的五倍。</blockquote></p><p> Traders also pointed to year-end tax selling and the simultaneous expiration of stock options, stock index futures and index options contracts - known as triple witching - as potential causes for volatility.</p><p><blockquote>交易员还指出，年终税收抛售以及股票期权、股指期货和指数期权合约同时到期——被称为三重巫术——是波动的潜在原因。</blockquote></p><p> \"It's a big options expiration day,\" said Joe Saluzzi, co-manager of trading at Themis Trading in Chatham, New Jersey. \"And now you draw on top of that some Omicron, and you've got volatility, and I think it creates a lot of uncertainty amongst investors. Where are you going to position for the end of the year?\"</p><p><blockquote>新泽西州查塔姆Themis Trading交易联席经理Joe Saluzzi表示：“这是一个重要的期权到期日。”“现在你在此基础上利用一些奥密克戎，就会出现波动，我认为这给投资者带来了很多不确定性。今年年底你打算在哪里定位？”</blockquote></p><p> Heavyweight growth stocks including Nvidia and Microsoft have outperformed the broader market in 2021, while the Philadelphia SE Semiconductor index has surged about 35%. The benchmark S&amp;P 500 index gained around 23% in the same period.</p><p><blockquote>包括英伟达和微软在内的权重成长股在2021年的表现优于大盘，而费城SE半导体指数则飙升了约35%。基准标普500指数同期上涨约23%。</blockquote></p><p> In Friday's session, the Dow Jones Industrial Average fell 1.48% to end at 35,365.44 points, while the S&amp;P 500 lost 1.03% to 4,620.64.</p><p><blockquote>周五交易中，道琼斯工业平均指数下跌1.48%，收于35,365.44点，标普500下跌1.03%，收于4,620.64点。</blockquote></p><p> The Nasdaq Composite dropped 0.07% to 15,169.68.</p><p><blockquote>纳斯达克综合指数下跌0.07%，至15,169.68点。</blockquote></p><p> On a positive note, the small-cap Russell 2000 index rallied 1% after having fallen more than 10% from a record high in early November.</p><p><blockquote>积极的一面是，小盘股罗素2000指数在从11月初的历史高点下跌超过10%后，上涨了1%。</blockquote></p><p> With options expiring, volume on U.S. exchanges jumped to 16.6 billion shares, far above the 11.9 billion average over the last 20 trading days.</p><p><blockquote>随着期权到期，美国交易所的成交量跃升至166亿股，远高于过去20个交易日119亿股的平均水平。</blockquote></p><p> For the week, the S&amp;P 500 fell 1.9%, the Dow lost 1.7% and the Nasdaq declined 2.9%.</p><p><blockquote>本周，标普500下跌1.9%，道琼斯指数下跌1.7%，纳斯达克下跌2.9%。</blockquote></p><p> In Friday's session, Oracle tumbled 6.4% after the Wall Street Journal reported the enterprise software maker is in talks to buy electronic medical records company Cerner in a deal that could be valued at $30 billion. Shares of Cerner surged 12.9%.</p><p><blockquote>周五交易中，甲骨文股价下跌6.4%，此前《华尔街日报》报道称，这家企业软件制造商正在就收购电子医疗记录公司Cerner进行谈判，交易价值可能达到300亿美元。Cerner股价飙升12.9%。</blockquote></p><p> FedEx Corp rose almost 5% after the delivery firm reinstated its original fiscal 2022 forecast on Thursday, even as persistent labor woes chipped away profits.</p><p><blockquote>尽管持续的劳工困境削弱了利润，但联邦快递公司周四恢复了最初的2022财年预测，该公司股价上涨近5%。</blockquote></p><p> Declining issues outnumbered advancing ones on the NYSE by a 1.50-to-1 ratio; on Nasdaq, a 1.16-to-1 ratio favored advancers.</p><p><blockquote>纽约证券交易所下跌股与上涨股的比例为1.50比1；在纳斯达克，1.16比1的比率有利于上涨者。</blockquote></p><p> The S&amp;P 500 posted 22 new 52-week highs and seven new lows; the Nasdaq Composite recorded 28 new highs and 341 new lows.</p><p><blockquote>标普500创下22个52周新高和7个新低；纳斯达克综合指数录得28个新高和341个新低。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://finance.yahoo.com/news/us-stocks-wall-street-ends-212015460.html\">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":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://finance.yahoo.com/news/us-stocks-wall-street-ends-212015460.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1116106959","content_text":"(Reuters) - Wall Street finished lower on Friday, weighed down by Big Tech as investors worried about the Omicron coronavirus variant and digested the Federal Reserve's decision to end its pandemic-era stimulus faster.\nAll three main U.S. stock indexes ended with a decline for the week after the Fed on Wednesday signaled three quarter-percentage-point interest rate hikes by the end of 2022 to combat surging inflation.\nNvidia dropped 2.1% and Alphabet lost 1.9%, both weighing on the S&P 500 and Nasdaq.\nThe S&P 500 growth index lost 0.7% and the value index declined 1.4%.\nAll of the 11 major S&P 500 sector indexes fell, with financials leading the way down with a 2.3% drop. Energy lost 2.2%.\nAdding to uncertainty, Pfizer said on Friday the pandemic could extend through next year. European countries geared up for further travel and social restrictions and a study warned that the rapidly spreading Omicron coronavirus variant was five times more likely to reinfect people than its predecessor, Delta.\nTraders also pointed to year-end tax selling and the simultaneous expiration of stock options, stock index futures and index options contracts - known as triple witching - as potential causes for volatility.\n\"It's a big options expiration day,\" said Joe Saluzzi, co-manager of trading at Themis Trading in Chatham, New Jersey. \"And now you draw on top of that some Omicron, and you've got volatility, and I think it creates a lot of uncertainty amongst investors. Where are you going to position for the end of the year?\"\nHeavyweight growth stocks including Nvidia and Microsoft have outperformed the broader market in 2021, while the Philadelphia SE Semiconductor index has surged about 35%. The benchmark S&P 500 index gained around 23% in the same period.\nIn Friday's session, the Dow Jones Industrial Average fell 1.48% to end at 35,365.44 points, while the S&P 500 lost 1.03% to 4,620.64.\nThe Nasdaq Composite dropped 0.07% to 15,169.68.\nOn a positive note, the small-cap Russell 2000 index rallied 1% after having fallen more than 10% from a record high in early November.\nWith options expiring, volume on U.S. exchanges jumped to 16.6 billion shares, far above the 11.9 billion average over the last 20 trading days.\nFor the week, the S&P 500 fell 1.9%, the Dow lost 1.7% and the Nasdaq declined 2.9%.\nIn Friday's session, Oracle tumbled 6.4% after the Wall Street Journal reported the enterprise software maker is in talks to buy electronic medical records company Cerner in a deal that could be valued at $30 billion. Shares of Cerner surged 12.9%.\nFedEx Corp rose almost 5% after the delivery firm reinstated its original fiscal 2022 forecast on Thursday, even as persistent labor woes chipped away profits.\nDeclining issues outnumbered advancing ones on the NYSE by a 1.50-to-1 ratio; on Nasdaq, a 1.16-to-1 ratio favored advancers.\nThe S&P 500 posted 22 new 52-week highs and seven new lows; the Nasdaq Composite recorded 28 new highs and 341 new lows.","news_type":1,"symbols_score_info":{".SPX":0.9,".IXIC":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":3874,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":699027488,"gmtCreate":1639726406008,"gmtModify":1639726406588,"author":{"id":"3572235673675008","authorId":"3572235673675008","name":"LEEQF","avatar":"https://static.tigerbbs.com/ead66a2c538631d15658309f808c7d40","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572235673675008","idStr":"3572235673675008"},"themes":[],"htmlText":"Hi! Like this comment pls","listText":"Hi! Like this comment pls","text":"Hi! Like this comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/699027488","repostId":"2192926110","repostType":4,"isVote":1,"tweetType":1,"viewCount":3820,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":699027836,"gmtCreate":1639726346447,"gmtModify":1639726346981,"author":{"id":"3572235673675008","authorId":"3572235673675008","name":"LEEQF","avatar":"https://static.tigerbbs.com/ead66a2c538631d15658309f808c7d40","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572235673675008","idStr":"3572235673675008"},"themes":[],"htmlText":"Hi! Can help like this comment?","listText":"Hi! Can help like this comment?","text":"Hi! Can help like this comment?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/699027836","repostId":"1186509817","repostType":4,"repost":{"id":"1186509817","kind":"news","pubTimestamp":1639726182,"share":"https://www.laohu8.com/m/news/1186509817?lang=zh_CN&edition=full","pubTime":"2021-12-17 15:29","market":"us","language":"en","title":"Plug Power: Shaky Business Model, First-Mover Advantage Is A Myth<blockquote>普拉格能源：商业模式摇摇欲坠，先发优势是神话</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1186509817","media":"Seeking Alpha","summary":"Summary\n\nThe more PLUG sells, the more it burns cash, raising profitability concerns.\nHydrogen is a ","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>The more PLUG sells, the more it burns cash, raising profitability concerns.</li>  <li>Hydrogen is a commodity with thin margins, lowering PLUG's commercial appeal.</li>  <li>The company is overvalued based on the industrial sector price multiples.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c4bd37a3f323fbb395573c8f96229688\" tg-width=\"1536\" tg-height=\"1024\" width=\"100%\" height=\"auto\"><span>Morsa Images/DigitalVision via Getty Images</span></p><p><blockquote><ul><li>PLUG销量越多，烧钱就越多，引发盈利能力担忧。</li><li>氢气是一种利润微薄的商品，降低了PLUG的商业吸引力。</li><li>根据工业部门价格倍数，该公司被高估。</li></ul><p class=\"t-img-caption\"><span>Morsa Images/DigitalVision来自Getty Images</span></p></blockquote></p><p> <b>Investment Thesis</b></p><p><blockquote><b>投资论文</b></blockquote></p><p> Since my&nbsp;latest&nbsp;article covering Plug Power (PLUG), which carried a hold rating, shares increased 24%, powered by a revenue momentum bound to new acquisitions and an accommodative regulatory environment that push corporations to seek solutions lowering carbon footprint. These revenue trends will likely continue, but I don't see this creating value for shareholders. Competitive dynamics force PLUG to sell its products at thin margins, and in many cases, below cost.&nbsp;</p><p><blockquote>自从我上一篇报道普拉格能源(PLUG)并给予持有评级以来，在新收购带来的收入势头以及推动企业寻求降低碳足迹的解决方案的宽松监管环境的推动下，该公司股价上涨了24%。这些收入趋势可能会持续下去，但我认为这不会为股东创造价值。竞争动态迫使PLUG以微薄的利润（在许多情况下甚至低于成本）销售其产品。</blockquote></p><p> PLUG utilizes a 200 years old technology, lacking a competitive edge or industrial moat. Despite that, its market cap is equivalent to BAE Systems (OTCPK:BAESF), Europe's largest defense contractor and a pillar of global security. Warren Buffett's test for assessing an investment rationale is to ask if you'd be willing to buy the entire company if given the opportunity instead of its shares. In this case, the question is, if you had $20 billion, would you choose to own the co-developer of the F-35 fighter jets or a fuel cell \"FC\" company using the same battery you built in science class while in middle school? Given its low, competitive moat, thin margins, and high price multiples, I believe PLUG will struggle to provide sustainable capital gains to shareholders.</p><p><blockquote>PLUG利用了一项有200年历史的技术，缺乏竞争优势或工业护城河。尽管如此，其市值仍相当于欧洲最大的国防承包商、全球安全支柱BAE Systems（OTCPK：BAESF）。沃伦·巴菲特评估投资理由的测试是，如果有机会，你是否愿意购买整个公司而不是其股票。在这种情况下，问题是，如果你有200亿美元，你会选择拥有F-35战斗机的联合开发商还是使用你在中学科学课上制造的相同电池的燃料电池“FC”公司？鉴于其较低、具有竞争力的护城河、微薄的利润率和较高的市盈率，我相信PLUG将难以为股东提供可持续的资本收益。</blockquote></p><p> <b>Competitive Moat</b></p><p><blockquote><b>竞争护城河</b></blockquote></p><p> There is absolutely nothing that PLUG does that General Electric (GE), Honeywell (HON), or Siemens (OTCPK:SIEGY) can't do. PLUG's flagship product is a fuel cell battery relying on a decades-long technology that remained largely the same. It is fair to say that PLUG lacks a competitive moat, and for regulatory purposes, the company discloses this notion in its annual report.</p><p><blockquote>PLUG绝对没有什么是通用电气(GE)、霍尼韦尔(HON)或西门子(OTCPK：SIEGY)做不到的。PLUG的旗舰产品是一种燃料电池，该电池依赖于几十年来基本保持不变的技术。公平地说，PLUG缺乏竞争护城河，出于监管目的，该公司在其年度报告中披露了这一概念。</blockquote></p><p>   We believe that neither we nor our competitors can achieve a significant proprietary position on the basic technologies currently used in PEM fuel cell systems - PLUG Annual Report  The main problem with FC is running costs. The system is fragile, and corrosion of the battery means the FC stack needs to be changed often. Hydrogen is also expensive, more than electricity and fossil fuels. What PLUG and other hydrogen companies do, in varying degrees of success, is to find ways to lower these costs. There is some value in the know-how PLUG accumulated as a \"leading\" hydrogen company. For the sake of objectivity, one must acknowledge that there might be some intellectual property value in PLUG's product designs. However, I don't see its engineering prowess anywhere close to industrial giants, or enough to meet customers' expectations.</p><p><blockquote>我们认为，我们和我们的竞争对手都无法在目前用于PEM燃料电池系统的基础技术上取得重要的专有地位-PLUG年度报告FC的主要问题是运行成本。该系统很脆弱，电池的腐蚀意味着FC堆需要经常更换。氢气也很昂贵，比电力和化石燃料还要昂贵。PLUG和其他氢能公司所做的就是找到降低这些成本的方法，并取得了不同程度的成功。作为一家“领先”的氢能公司，PLUG积累的专有技术具有一定的价值。为了客观起见，人们必须承认PLUG的产品设计可能存在一些知识产权价值。然而，我认为它的工程实力无法接近工业巨头，也不足以满足客户的期望。</blockquote></p><p> <b>Margins</b></p><p><blockquote><b>利润</b></blockquote></p><p> FC has to compete with electric and combustion engines. I don't think the science behind FC allows it to be less expensive than solar or wind, which saw rapid tech advancement that reduced costs significantly over the past years. The steps of producing hydrogen carry multiple energy conversion stages, leading to wasted energy, which lowers efficiency. Most stationary FC that PLUG makes have internal converters that transform natural gas to hydrogen to power the FC, making Gas Turbines directly utilizing natural gas more efficient.</p><p><blockquote>FC必须与电动和内燃机竞争。我不认为FC背后的科学允许它比太阳能或风能更便宜，太阳能或风能在过去几年中见证了快速的技术进步，大大降低了成本。生产氢气的步骤携带多个能量转换阶段，导致能量浪费，从而降低效率。PLUG制造的大多数固定式FC都有内部转换器，可将天然气转化为氢气为FC提供动力，从而使直接利用天然气的燃气轮机更加高效。</blockquote></p><p> The same goes for Green hydrogen, which uses renewable energy to provide electricity to power an electrolyzer, producing the hydrogen used to fuel an FC to produce electricity. Again, multiple conversion processes lead to wasted energy that results in inefficiency. This might be the reason why Elon Musk described FC as \"Mind Bogglingly Stupid.\"</p><p><blockquote>绿色氢也是如此，它使用可再生能源提供电力为电解槽供电，产生用于为FC提供燃料的氢来发电。同样，多个转换过程导致能量浪费，从而导致效率低下。这可能就是埃隆·马斯克将FC描述为“愚蠢得令人难以置信”的原因。</blockquote></p><p> The science of FC also makes it impossible for it to compete on price. For this reason, it is common for hydrogen companies to sell their products at a loss, hoping to find other ways to make a profit, such as maintenance, services, orfueling. Last quarter, PLUG waived the conditions on its Amazon (AMZN) share warrants, which it handed to the company in return for GenDrive contracts. As share prices rose, AMZN warrants' costs exceeded revenue, creating a rare situation where revenue is negative. Take a look at PLUGs gross margins below.</p><p><blockquote>FC的科学性也让它无法在价格上竞争。因此，氢能公司亏本出售产品的情况很常见，希望找到其他方式来盈利，例如维护、服务或加油。上个季度，PLUG放弃了亚马逊(AMZN)认股权证的条件，并将认股权证交给该公司以换取GenDrive合同。随着股价上涨，AMZN认股权证的成本超过了收入，出现了收入为负的罕见情况。看看下面的插头毛利率。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e4d9493c2496a46f56a009c0ebf063a5\" tg-width=\"635\" tg-height=\"571\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> <b>Financial Position</b></p><p><blockquote><b>财务状况</b></blockquote></p><p></p><p> PLUG management capitalized on the meme stock bonanza, raising a significant amount of cash. Overnight, the company turned from a penny stock on the blink of bankruptcy to a multibillion-dollar company with a market cap comparable to top aerospace and defense manufacturers. PLUG ended the quarter with $3.4 billion in cash and a TTM cash burn of $350 million. I believe that the company will increase its cash burn as it expands operations, reaching $1 billion in the first half of 2023, before raising additional capital.</p><p><blockquote>PLUG management利用了meme股票的繁荣，筹集了大量现金。一夜之间，该公司从濒临破产的细价股变成了市值数十亿美元的公司，市值可与顶级航空航天和国防制造商相媲美。PLUG本季度末拥有34亿美元现金，TTM现金消耗为3.5亿美元。我相信，在筹集额外资本之前，该公司将随着业务的扩大而增加现金消耗，在2023年上半年达到10亿美元。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9d42a84086dde1a3e79f104c88d1638b\" tg-width=\"635\" tg-height=\"478\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> <b>Revenue Trends</b></p><p><blockquote><b>收入趋势</b></blockquote></p><p> PLUG's main product line is GenDrive, its forklift FC engine, which saw rapid expansion in recent years. However, because of the fragility of the FC system, most PLUG clients opt for turn-key package deals that include fueling, maintenance, and in many cases, productivity warranties. These covenants extend to other product lines, including its stationary FC, marketed as GenSure, and have in the past restricted profitability. Now, with its coffins full, it has the luxury to choose the most profitable projects with less restrictive covenants. Strategically, the company will focus on Green Hydrogen production and electrolyzer sales in the short and medium run, and less on GenDrive, and GenSure (stationary FC), both of which face profitability issues.</p><p><blockquote>PLUG的主要产品线是其叉车FC发动机GenDrive，近年来扩张迅速。然而，由于FC系统的脆弱性，大多数PLUG客户选择交钥匙一揽子交易，其中包括加油、维护，在许多情况下还包括生产力保证。这些契约延伸到其他产品线，包括以GenSure销售的固定FC，过去盈利能力有限。现在，它的棺材已经装满了，它可以奢侈地选择最赚钱、契约限制较少的项目。从战略上讲，该公司将在中短期内专注于绿色氢生产和电解槽销售，而较少关注GenDrive和GenSure（固定式FC），这两家公司都面临盈利问题。</blockquote></p><p> On the positive side, because of the turn-key offerings, PLUG became the world's largest consumer and distributor of hydrogen. The natural trajectory was for the company to expand into hydrogen production, specifically green hydrogen, produced from renewables, and this is why it acquired United Hydrogen and Frames Group.</p><p><blockquote>从积极的一面来看，由于交钥匙产品，PLUG成为世界上最大的氢气消费者和分销商。该公司的自然轨迹是扩展到氢气生产领域，特别是由可再生能源生产的绿色氢气，这就是它收购United Hydrogen和Frames Group的原因。</blockquote></p><p> I do not doubt that PLUG will increase its revenues in the next several quarters. It expanded its technical war chest through acquisition, and this, combined with a hot electrolyzer market, will create revenue tailwinds. However, the industrial sector is characterized by thin margins, which is further constricted by competitive dynamics in the case of PLUG. The shares are fueled by speculative momentum, as demonstrated by today's premarket's reaction on the news PLUG signed a&nbsp;deal&nbsp;with Edison Motors to develop FC-fueled busses, despite GenDrive being its least profitable businessline.</p><p><blockquote>我毫不怀疑PLUG将在未来几个季度增加收入。它通过收购扩大了技术资金，再加上火热的电解槽市场，将创造收入推动力。然而，工业部门的特点是利润微薄，就PLUG而言，这进一步受到竞争动态的限制。该股受到投机势头的推动，正如今天盘前对PLUG与爱迪生汽车公司签署协议开发FC燃料公交车的消息的反应所证明的那样，尽管GenDrive是其利润最低的业务线。</blockquote></p><p> The company is also expanding into different areas too fast, which will lead to higher cash burn and higher execution risks. Roth Capital analyst captured this sentiment during the Q3 earnings call:</p><p><blockquote>公司也在过快地向不同领域扩张，这将导致更高的现金消耗和更高的执行风险。罗斯资本分析师在第三季度收益看涨期权中捕捉到了这种情绪：</blockquote></p><p>   I would say this last year, I think, there has been more progress and more changes at Plug than the prior two decades and that is tremendous. But I have a confession, right? My head is spinning, right? I have followed this Company forever. I know a lot of your partners, a lot of the key people in the supply chain. And when I talk to investors, there's a lot of different directions they're looking and they're - people are sometimes just a little bit confused  <b>Summary</b></p><p><blockquote>我想说的是，我认为，与前二十年相比，Plug取得了更多的进步和变化，这是巨大的。但我要坦白，对吧？我的头在旋转，对吧？我一直关注这家公司。我认识你的很多合作伙伴，供应链中的很多关键人物。当我与投资者交谈时，他们正在寻找很多不同的方向，他们——人们有时只是有点困惑<b>总结</b></blockquote></p><p> PLUG is expanding aggressively in thin-margined markets. Hydrogen is a commodity that can be easily produced once the market becomes profitable, weakening management's arguments of \"first-mover advantage.\" The company has been locking unprofitable long-term contracts, especially within GenDrive and GenSure business lines. The company lacks the competitive moat that would justify its price multiples. Once the hydrogen economy becomes profitable, all large industrials will enter the market. I expect the company to raise more equity in 2023. Last month, it acquired Frames Group, boarding more employees, lifting operational and overhead expenses.</p><p><blockquote>PLUG正在利润微薄的市场积极扩张。氢气是一种商品，一旦市场盈利，就可以轻松生产，削弱了管理层关于“先发优势”的论点。该公司一直在锁定无利可图的长期合同，尤其是在GenDrive和GenSure业务线内。该公司缺乏证明其价格倍数合理的竞争护城河。一旦氢经济盈利，所有大型工业都将进入市场。我预计该公司将在2023年筹集更多股权。上个月，它收购了Frames Group，雇佣了更多员工，提高了运营和管理费用。</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>Plug Power: Shaky Business Model, First-Mover Advantage Is A Myth<blockquote>普拉格能源：商业模式摇摇欲坠，先发优势是神话</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\">\nPlug Power: Shaky Business Model, First-Mover Advantage Is A Myth<blockquote>普拉格能源：商业模式摇摇欲坠，先发优势是神话</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\">2021-12-17 15:29</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>The more PLUG sells, the more it burns cash, raising profitability concerns.</li>  <li>Hydrogen is a commodity with thin margins, lowering PLUG's commercial appeal.</li>  <li>The company is overvalued based on the industrial sector price multiples.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c4bd37a3f323fbb395573c8f96229688\" tg-width=\"1536\" tg-height=\"1024\" width=\"100%\" height=\"auto\"><span>Morsa Images/DigitalVision via Getty Images</span></p><p><blockquote><ul><li>PLUG销量越多，烧钱就越多，引发盈利能力担忧。</li><li>氢气是一种利润微薄的商品，降低了PLUG的商业吸引力。</li><li>根据工业部门价格倍数，该公司被高估。</li></ul><p class=\"t-img-caption\"><span>Morsa Images/DigitalVision来自Getty Images</span></p></blockquote></p><p> <b>Investment Thesis</b></p><p><blockquote><b>投资论文</b></blockquote></p><p> Since my&nbsp;latest&nbsp;article covering Plug Power (PLUG), which carried a hold rating, shares increased 24%, powered by a revenue momentum bound to new acquisitions and an accommodative regulatory environment that push corporations to seek solutions lowering carbon footprint. These revenue trends will likely continue, but I don't see this creating value for shareholders. Competitive dynamics force PLUG to sell its products at thin margins, and in many cases, below cost.&nbsp;</p><p><blockquote>自从我上一篇报道普拉格能源(PLUG)并给予持有评级以来，在新收购带来的收入势头以及推动企业寻求降低碳足迹的解决方案的宽松监管环境的推动下，该公司股价上涨了24%。这些收入趋势可能会持续下去，但我认为这不会为股东创造价值。竞争动态迫使PLUG以微薄的利润（在许多情况下甚至低于成本）销售其产品。</blockquote></p><p> PLUG utilizes a 200 years old technology, lacking a competitive edge or industrial moat. Despite that, its market cap is equivalent to BAE Systems (OTCPK:BAESF), Europe's largest defense contractor and a pillar of global security. Warren Buffett's test for assessing an investment rationale is to ask if you'd be willing to buy the entire company if given the opportunity instead of its shares. In this case, the question is, if you had $20 billion, would you choose to own the co-developer of the F-35 fighter jets or a fuel cell \"FC\" company using the same battery you built in science class while in middle school? Given its low, competitive moat, thin margins, and high price multiples, I believe PLUG will struggle to provide sustainable capital gains to shareholders.</p><p><blockquote>PLUG利用了一项有200年历史的技术，缺乏竞争优势或工业护城河。尽管如此，其市值仍相当于欧洲最大的国防承包商、全球安全支柱BAE Systems（OTCPK：BAESF）。沃伦·巴菲特评估投资理由的测试是，如果有机会，你是否愿意购买整个公司而不是其股票。在这种情况下，问题是，如果你有200亿美元，你会选择拥有F-35战斗机的联合开发商还是使用你在中学科学课上制造的相同电池的燃料电池“FC”公司？鉴于其较低、具有竞争力的护城河、微薄的利润率和较高的市盈率，我相信PLUG将难以为股东提供可持续的资本收益。</blockquote></p><p> <b>Competitive Moat</b></p><p><blockquote><b>竞争护城河</b></blockquote></p><p> There is absolutely nothing that PLUG does that General Electric (GE), Honeywell (HON), or Siemens (OTCPK:SIEGY) can't do. PLUG's flagship product is a fuel cell battery relying on a decades-long technology that remained largely the same. It is fair to say that PLUG lacks a competitive moat, and for regulatory purposes, the company discloses this notion in its annual report.</p><p><blockquote>PLUG绝对没有什么是通用电气(GE)、霍尼韦尔(HON)或西门子(OTCPK：SIEGY)做不到的。PLUG的旗舰产品是一种燃料电池，该电池依赖于几十年来基本保持不变的技术。公平地说，PLUG缺乏竞争护城河，出于监管目的，该公司在其年度报告中披露了这一概念。</blockquote></p><p>   We believe that neither we nor our competitors can achieve a significant proprietary position on the basic technologies currently used in PEM fuel cell systems - PLUG Annual Report  The main problem with FC is running costs. The system is fragile, and corrosion of the battery means the FC stack needs to be changed often. Hydrogen is also expensive, more than electricity and fossil fuels. What PLUG and other hydrogen companies do, in varying degrees of success, is to find ways to lower these costs. There is some value in the know-how PLUG accumulated as a \"leading\" hydrogen company. For the sake of objectivity, one must acknowledge that there might be some intellectual property value in PLUG's product designs. However, I don't see its engineering prowess anywhere close to industrial giants, or enough to meet customers' expectations.</p><p><blockquote>我们认为，我们和我们的竞争对手都无法在目前用于PEM燃料电池系统的基础技术上取得重要的专有地位-PLUG年度报告FC的主要问题是运行成本。该系统很脆弱，电池的腐蚀意味着FC堆需要经常更换。氢气也很昂贵，比电力和化石燃料还要昂贵。PLUG和其他氢能公司所做的就是找到降低这些成本的方法，并取得了不同程度的成功。作为一家“领先”的氢能公司，PLUG积累的专有技术具有一定的价值。为了客观起见，人们必须承认PLUG的产品设计可能存在一些知识产权价值。然而，我认为它的工程实力无法接近工业巨头，也不足以满足客户的期望。</blockquote></p><p> <b>Margins</b></p><p><blockquote><b>利润</b></blockquote></p><p> FC has to compete with electric and combustion engines. I don't think the science behind FC allows it to be less expensive than solar or wind, which saw rapid tech advancement that reduced costs significantly over the past years. The steps of producing hydrogen carry multiple energy conversion stages, leading to wasted energy, which lowers efficiency. Most stationary FC that PLUG makes have internal converters that transform natural gas to hydrogen to power the FC, making Gas Turbines directly utilizing natural gas more efficient.</p><p><blockquote>FC必须与电动和内燃机竞争。我不认为FC背后的科学允许它比太阳能或风能更便宜，太阳能或风能在过去几年中见证了快速的技术进步，大大降低了成本。生产氢气的步骤携带多个能量转换阶段，导致能量浪费，从而降低效率。PLUG制造的大多数固定式FC都有内部转换器，可将天然气转化为氢气为FC提供动力，从而使直接利用天然气的燃气轮机更加高效。</blockquote></p><p> The same goes for Green hydrogen, which uses renewable energy to provide electricity to power an electrolyzer, producing the hydrogen used to fuel an FC to produce electricity. Again, multiple conversion processes lead to wasted energy that results in inefficiency. This might be the reason why Elon Musk described FC as \"Mind Bogglingly Stupid.\"</p><p><blockquote>绿色氢也是如此，它使用可再生能源提供电力为电解槽供电，产生用于为FC提供燃料的氢来发电。同样，多个转换过程导致能量浪费，从而导致效率低下。这可能就是埃隆·马斯克将FC描述为“愚蠢得令人难以置信”的原因。</blockquote></p><p> The science of FC also makes it impossible for it to compete on price. For this reason, it is common for hydrogen companies to sell their products at a loss, hoping to find other ways to make a profit, such as maintenance, services, orfueling. Last quarter, PLUG waived the conditions on its Amazon (AMZN) share warrants, which it handed to the company in return for GenDrive contracts. As share prices rose, AMZN warrants' costs exceeded revenue, creating a rare situation where revenue is negative. Take a look at PLUGs gross margins below.</p><p><blockquote>FC的科学性也让它无法在价格上竞争。因此，氢能公司亏本出售产品的情况很常见，希望找到其他方式来盈利，例如维护、服务或加油。上个季度，PLUG放弃了亚马逊(AMZN)认股权证的条件，并将认股权证交给该公司以换取GenDrive合同。随着股价上涨，AMZN认股权证的成本超过了收入，出现了收入为负的罕见情况。看看下面的插头毛利率。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e4d9493c2496a46f56a009c0ebf063a5\" tg-width=\"635\" tg-height=\"571\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> <b>Financial Position</b></p><p><blockquote><b>财务状况</b></blockquote></p><p></p><p> PLUG management capitalized on the meme stock bonanza, raising a significant amount of cash. Overnight, the company turned from a penny stock on the blink of bankruptcy to a multibillion-dollar company with a market cap comparable to top aerospace and defense manufacturers. PLUG ended the quarter with $3.4 billion in cash and a TTM cash burn of $350 million. I believe that the company will increase its cash burn as it expands operations, reaching $1 billion in the first half of 2023, before raising additional capital.</p><p><blockquote>PLUG management利用了meme股票的繁荣，筹集了大量现金。一夜之间，该公司从濒临破产的细价股变成了市值数十亿美元的公司，市值可与顶级航空航天和国防制造商相媲美。PLUG本季度末拥有34亿美元现金，TTM现金消耗为3.5亿美元。我相信，在筹集额外资本之前，该公司将随着业务的扩大而增加现金消耗，在2023年上半年达到10亿美元。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9d42a84086dde1a3e79f104c88d1638b\" tg-width=\"635\" tg-height=\"478\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> <b>Revenue Trends</b></p><p><blockquote><b>收入趋势</b></blockquote></p><p> PLUG's main product line is GenDrive, its forklift FC engine, which saw rapid expansion in recent years. However, because of the fragility of the FC system, most PLUG clients opt for turn-key package deals that include fueling, maintenance, and in many cases, productivity warranties. These covenants extend to other product lines, including its stationary FC, marketed as GenSure, and have in the past restricted profitability. Now, with its coffins full, it has the luxury to choose the most profitable projects with less restrictive covenants. Strategically, the company will focus on Green Hydrogen production and electrolyzer sales in the short and medium run, and less on GenDrive, and GenSure (stationary FC), both of which face profitability issues.</p><p><blockquote>PLUG的主要产品线是其叉车FC发动机GenDrive，近年来扩张迅速。然而，由于FC系统的脆弱性，大多数PLUG客户选择交钥匙一揽子交易，其中包括加油、维护，在许多情况下还包括生产力保证。这些契约延伸到其他产品线，包括以GenSure销售的固定FC，过去盈利能力有限。现在，它的棺材已经装满了，它可以奢侈地选择最赚钱、契约限制较少的项目。从战略上讲，该公司将在中短期内专注于绿色氢生产和电解槽销售，而较少关注GenDrive和GenSure（固定式FC），这两家公司都面临盈利问题。</blockquote></p><p> On the positive side, because of the turn-key offerings, PLUG became the world's largest consumer and distributor of hydrogen. The natural trajectory was for the company to expand into hydrogen production, specifically green hydrogen, produced from renewables, and this is why it acquired United Hydrogen and Frames Group.</p><p><blockquote>从积极的一面来看，由于交钥匙产品，PLUG成为世界上最大的氢气消费者和分销商。该公司的自然轨迹是扩展到氢气生产领域，特别是由可再生能源生产的绿色氢气，这就是它收购United Hydrogen和Frames Group的原因。</blockquote></p><p> I do not doubt that PLUG will increase its revenues in the next several quarters. It expanded its technical war chest through acquisition, and this, combined with a hot electrolyzer market, will create revenue tailwinds. However, the industrial sector is characterized by thin margins, which is further constricted by competitive dynamics in the case of PLUG. The shares are fueled by speculative momentum, as demonstrated by today's premarket's reaction on the news PLUG signed a&nbsp;deal&nbsp;with Edison Motors to develop FC-fueled busses, despite GenDrive being its least profitable businessline.</p><p><blockquote>我毫不怀疑PLUG将在未来几个季度增加收入。它通过收购扩大了技术资金，再加上火热的电解槽市场，将创造收入推动力。然而，工业部门的特点是利润微薄，就PLUG而言，这进一步受到竞争动态的限制。该股受到投机势头的推动，正如今天盘前对PLUG与爱迪生汽车公司签署协议开发FC燃料公交车的消息的反应所证明的那样，尽管GenDrive是其利润最低的业务线。</blockquote></p><p> The company is also expanding into different areas too fast, which will lead to higher cash burn and higher execution risks. Roth Capital analyst captured this sentiment during the Q3 earnings call:</p><p><blockquote>公司也在过快地向不同领域扩张，这将导致更高的现金消耗和更高的执行风险。罗斯资本分析师在第三季度收益看涨期权中捕捉到了这种情绪：</blockquote></p><p>   I would say this last year, I think, there has been more progress and more changes at Plug than the prior two decades and that is tremendous. But I have a confession, right? My head is spinning, right? I have followed this Company forever. I know a lot of your partners, a lot of the key people in the supply chain. And when I talk to investors, there's a lot of different directions they're looking and they're - people are sometimes just a little bit confused  <b>Summary</b></p><p><blockquote>我想说的是，我认为，与前二十年相比，Plug取得了更多的进步和变化，这是巨大的。但我要坦白，对吧？我的头在旋转，对吧？我一直关注这家公司。我认识你的很多合作伙伴，供应链中的很多关键人物。当我与投资者交谈时，他们正在寻找很多不同的方向，他们——人们有时只是有点困惑<b>总结</b></blockquote></p><p> PLUG is expanding aggressively in thin-margined markets. Hydrogen is a commodity that can be easily produced once the market becomes profitable, weakening management's arguments of \"first-mover advantage.\" The company has been locking unprofitable long-term contracts, especially within GenDrive and GenSure business lines. The company lacks the competitive moat that would justify its price multiples. Once the hydrogen economy becomes profitable, all large industrials will enter the market. I expect the company to raise more equity in 2023. Last month, it acquired Frames Group, boarding more employees, lifting operational and overhead expenses.</p><p><blockquote>PLUG正在利润微薄的市场积极扩张。氢气是一种商品，一旦市场盈利，就可以轻松生产，削弱了管理层关于“先发优势”的论点。该公司一直在锁定无利可图的长期合同，尤其是在GenDrive和GenSure业务线内。该公司缺乏证明其价格倍数合理的竞争护城河。一旦氢经济盈利，所有大型工业都将进入市场。我预计该公司将在2023年筹集更多股权。上个月，它收购了Frames Group，雇佣了更多员工，提高了运营和管理费用。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4475583-plug-power-first-mover-advantage-is-a-myth\">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":{"PLUG":"普拉格能源"},"source_url":"https://seekingalpha.com/article/4475583-plug-power-first-mover-advantage-is-a-myth","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1186509817","content_text":"Summary\n\nThe more PLUG sells, the more it burns cash, raising profitability concerns.\nHydrogen is a commodity with thin margins, lowering PLUG's commercial appeal.\nThe company is overvalued based on the industrial sector price multiples.\n\nMorsa Images/DigitalVision via Getty Images\nInvestment Thesis\nSince my latest article covering Plug Power (PLUG), which carried a hold rating, shares increased 24%, powered by a revenue momentum bound to new acquisitions and an accommodative regulatory environment that push corporations to seek solutions lowering carbon footprint. These revenue trends will likely continue, but I don't see this creating value for shareholders. Competitive dynamics force PLUG to sell its products at thin margins, and in many cases, below cost. \nPLUG utilizes a 200 years old technology, lacking a competitive edge or industrial moat. Despite that, its market cap is equivalent to BAE Systems (OTCPK:BAESF), Europe's largest defense contractor and a pillar of global security. Warren Buffett's test for assessing an investment rationale is to ask if you'd be willing to buy the entire company if given the opportunity instead of its shares. In this case, the question is, if you had $20 billion, would you choose to own the co-developer of the F-35 fighter jets or a fuel cell \"FC\" company using the same battery you built in science class while in middle school? Given its low, competitive moat, thin margins, and high price multiples, I believe PLUG will struggle to provide sustainable capital gains to shareholders.\nCompetitive Moat\nThere is absolutely nothing that PLUG does that General Electric (GE), Honeywell (HON), or Siemens (OTCPK:SIEGY) can't do. PLUG's flagship product is a fuel cell battery relying on a decades-long technology that remained largely the same. It is fair to say that PLUG lacks a competitive moat, and for regulatory purposes, the company discloses this notion in its annual report.\n\n We believe that neither we nor our competitors can achieve a significant proprietary position on the basic technologies currently used in PEM fuel cell systems - PLUG Annual Report\n\nThe main problem with FC is running costs. The system is fragile, and corrosion of the battery means the FC stack needs to be changed often. Hydrogen is also expensive, more than electricity and fossil fuels. What PLUG and other hydrogen companies do, in varying degrees of success, is to find ways to lower these costs. There is some value in the know-how PLUG accumulated as a \"leading\" hydrogen company. For the sake of objectivity, one must acknowledge that there might be some intellectual property value in PLUG's product designs. However, I don't see its engineering prowess anywhere close to industrial giants, or enough to meet customers' expectations.\nMargins\nFC has to compete with electric and combustion engines. I don't think the science behind FC allows it to be less expensive than solar or wind, which saw rapid tech advancement that reduced costs significantly over the past years. The steps of producing hydrogen carry multiple energy conversion stages, leading to wasted energy, which lowers efficiency. Most stationary FC that PLUG makes have internal converters that transform natural gas to hydrogen to power the FC, making Gas Turbines directly utilizing natural gas more efficient.\nThe same goes for Green hydrogen, which uses renewable energy to provide electricity to power an electrolyzer, producing the hydrogen used to fuel an FC to produce electricity. Again, multiple conversion processes lead to wasted energy that results in inefficiency. This might be the reason why Elon Musk described FC as \"Mind Bogglingly Stupid.\"\nThe science of FC also makes it impossible for it to compete on price. For this reason, it is common for hydrogen companies to sell their products at a loss, hoping to find other ways to make a profit, such as maintenance, services, orfueling. Last quarter, PLUG waived the conditions on its Amazon (AMZN) share warrants, which it handed to the company in return for GenDrive contracts. As share prices rose, AMZN warrants' costs exceeded revenue, creating a rare situation where revenue is negative. Take a look at PLUGs gross margins below.\nData by YCharts\nFinancial Position\nPLUG management capitalized on the meme stock bonanza, raising a significant amount of cash. Overnight, the company turned from a penny stock on the blink of bankruptcy to a multibillion-dollar company with a market cap comparable to top aerospace and defense manufacturers. PLUG ended the quarter with $3.4 billion in cash and a TTM cash burn of $350 million. I believe that the company will increase its cash burn as it expands operations, reaching $1 billion in the first half of 2023, before raising additional capital.\nData by YCharts\nRevenue Trends\nPLUG's main product line is GenDrive, its forklift FC engine, which saw rapid expansion in recent years. However, because of the fragility of the FC system, most PLUG clients opt for turn-key package deals that include fueling, maintenance, and in many cases, productivity warranties. These covenants extend to other product lines, including its stationary FC, marketed as GenSure, and have in the past restricted profitability. Now, with its coffins full, it has the luxury to choose the most profitable projects with less restrictive covenants. Strategically, the company will focus on Green Hydrogen production and electrolyzer sales in the short and medium run, and less on GenDrive, and GenSure (stationary FC), both of which face profitability issues.\nOn the positive side, because of the turn-key offerings, PLUG became the world's largest consumer and distributor of hydrogen. The natural trajectory was for the company to expand into hydrogen production, specifically green hydrogen, produced from renewables, and this is why it acquired United Hydrogen and Frames Group.\nI do not doubt that PLUG will increase its revenues in the next several quarters. It expanded its technical war chest through acquisition, and this, combined with a hot electrolyzer market, will create revenue tailwinds. However, the industrial sector is characterized by thin margins, which is further constricted by competitive dynamics in the case of PLUG. The shares are fueled by speculative momentum, as demonstrated by today's premarket's reaction on the news PLUG signed a deal with Edison Motors to develop FC-fueled busses, despite GenDrive being its least profitable businessline.\nThe company is also expanding into different areas too fast, which will lead to higher cash burn and higher execution risks. Roth Capital analyst captured this sentiment during the Q3 earnings call:\n\n I would say this last year, I think, there has been more progress and more changes at Plug than the prior two decades and that is tremendous. But I have a confession, right? My head is spinning, right? I have followed this Company forever. I know a lot of your partners, a lot of the key people in the supply chain. And when I talk to investors, there's a lot of different directions they're looking and they're - people are sometimes just a little bit confused\n\nSummary\nPLUG is expanding aggressively in thin-margined markets. Hydrogen is a commodity that can be easily produced once the market becomes profitable, weakening management's arguments of \"first-mover advantage.\" The company has been locking unprofitable long-term contracts, especially within GenDrive and GenSure business lines. The company lacks the competitive moat that would justify its price multiples. Once the hydrogen economy becomes profitable, all large industrials will enter the market. I expect the company to raise more equity in 2023. Last month, it acquired Frames Group, boarding more employees, lifting operational and overhead expenses.","news_type":1,"symbols_score_info":{"PLUG":0.9}},"isVote":1,"tweetType":1,"viewCount":2710,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":699027975,"gmtCreate":1639726328199,"gmtModify":1639726328763,"author":{"id":"3572235673675008","authorId":"3572235673675008","name":"LEEQF","avatar":"https://static.tigerbbs.com/ead66a2c538631d15658309f808c7d40","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572235673675008","idStr":"3572235673675008"},"themes":[],"htmlText":"Like this comment here pls!","listText":"Like this comment here pls!","text":"Like this comment here pls!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/699027975","repostId":"1154258753","repostType":4,"isVote":1,"tweetType":1,"viewCount":2842,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":690183323,"gmtCreate":1639647021025,"gmtModify":1639648045635,"author":{"id":"3572235673675008","authorId":"3572235673675008","name":"LEEQF","avatar":"https://static.tigerbbs.com/ead66a2c538631d15658309f808c7d40","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572235673675008","idStr":"3572235673675008"},"themes":[],"htmlText":"$INND&nbsp;one of the best OTC stocks I have came acrossed. Very communicative CEO and lots of positive newsand catalysts coming up. With the new FDA OTC regulation coming in, revenues could see an tremendous increase.&nbsp;","listText":"$INND&nbsp;one of the best OTC stocks I have came acrossed. Very communicative CEO and lots of positive newsand catalysts coming up. With the new FDA OTC regulation coming in, revenues could see an tremendous increase.&nbsp;","text":"$INND one of the best OTC stocks I have came acrossed. Very communicative CEO and lots of positive newsand catalysts coming up. With the new FDA OTC regulation coming in, revenues could see an tremendous increase.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/690183323","isVote":1,"tweetType":1,"viewCount":2735,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":607761635,"gmtCreate":1639602150642,"gmtModify":1639602151205,"author":{"id":"3572235673675008","authorId":"3572235673675008","name":"LEEQF","avatar":"https://static.tigerbbs.com/ead66a2c538631d15658309f808c7d40","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572235673675008","idStr":"3572235673675008"},"themes":[],"htmlText":"Like this comment pls!!!!! Thank u guysss","listText":"Like this comment pls!!!!! Thank u guysss","text":"Like this comment pls!!!!! Thank u guysss","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/607761635","repostId":"1111705843","repostType":4,"repost":{"id":"1111705843","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1639594904,"share":"https://www.laohu8.com/m/news/1111705843?lang=zh_CN&edition=full","pubTime":"2021-12-16 03:01","market":"us","language":"en","title":"Fed will aggressively dial back its monthly bond buying, sees three rate hikes next year<blockquote>美联储将大幅缩减月度债券购买规模，预计明年将加息三次</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1111705843","media":"Tiger Newspress","summary":"The Federal Reserve provided multiple indications Wednesday that its run of ultra-easy policy since ","content":"<p>The Federal Reserve provided multiple indications Wednesday that its run of ultra-easy policy since the beginning of the Covid pandemic is coming to a close, making moves that were even more aggressive than markets had anticipated.</p><p><blockquote>美联储周三提供了多种迹象，表明自新冠疫情开始以来的超宽松政策即将结束，其举措甚至比市场预期的更加激进。</blockquote></p><p> For one, the Fed said it will accelerate the reduction of its monthly bond purchases.</p><p><blockquote>其一，美联储表示将加速缩减每月债券购买规模。</blockquote></p><p> The Fed will be buying $60 billion of bonds each month starting January, half the level prior to the November taper and $30 billion less than it had been buying in December. The Fed was tapering by $15 billion a month in November, doubled that in December, then will accelerate the reduction further come 2022.</p><p><blockquote>美联储将从1月份开始每月购买600亿美元的债券，是11月份缩减前水平的一半，比12月份购买的债券减少300亿美元。美联储在11月份每月缩减150亿美元，是12月份的两倍，然后将在2022年进一步加速缩减。</blockquote></p><p> After that wraps up, probably around March, the central bank expects to start raising interest rates, which were held steady at this week’s meeting.</p><p><blockquote>之后，可能在三月份左右，央行预计将开始加息，在本周的会议上利率保持稳定。</blockquote></p><p> Projections released Wednesday indicate that Fed officials see as many as three rate hikes coming in 2022, with two in the following year and two more in 2024.</p><p><blockquote>周三发布的预测显示，美联储官员预计2022年将加息多达三次，次年加息两次，2024年加息两次。</blockquote></p><p> The Federal Open Market Committee’s moves, approved unanimously, represent a substantial adjustment to policy that has been the loosest in its 108-year history. The post-meeting statement noted the impact from inflation.</p><p><blockquote>联邦公开市场委员会一致通过的举措代表了对其108年历史上最宽松的政策的重大调整。会后声明指出了通货膨胀的影响。</blockquote></p><p> “Supply and demand imbalances related to the pandemic and the reopening of the economy have continued to contribute to elevated levels of inflation,” the statement said.</p><p><blockquote>声明称：“与疫情和经济重新开放相关的供需失衡继续导致通胀水平上升。”</blockquote></p><p> The statement also noted that “job gains have been solid in recent months, and the unemployment&nbsp;rate has declined substantially.”</p><p><blockquote>声明还指出，“近几个月就业增长稳健，失业率大幅下降。”</blockquote></p><p> Both policy moves came in response to escalating inflation, which is running at its highest level in 39 years for consumer prices. Wholesale prices in November jumped 9.6%, the fastest on record in a sign that inflation pressures are becoming more ingrained and broad-based.</p><p><blockquote>这两项政策举措都是为了应对不断升级的通胀，目前消费者价格处于39年来的最高水平。11月份批发价格上涨9.6%，为有记录以来最快，表明通胀压力正变得更加根深蒂固和广泛。</blockquote></p><p> Fed officials long have stressed that inflation is “transitory,” which Chairman Jerome Powell has defined as unlikely to leave a lasting imprint on the economy. He and other central bank leaders, as well as Treasury Secretary Janet Yellen, have stressed that prices are booming due to pandemic-related factors such as extraordinary demand that has outstripped supply but ultimately will fade.</p><p><blockquote>美联储官员长期以来一直强调通胀是“暂时的”，主席杰罗姆·鲍威尔将其定义为不太可能给经济留下持久的影响。他和其他央行领导人以及财政部长珍妮特·耶伦强调，由于与大流行相关的因素，例如需求超过供应但最终会消退，价格正在飙升。</blockquote></p><p> However, the term had become a pejorative and the post-meeting statement eliminated it. Powell telegraphed the move during congressional testimony last month, saying “it’s probably a good time to retire that word and try to explain more clearly what we meant.”</p><p><blockquote>然而，这个词已成为贬义词，会后声明将其删除。鲍威尔上个月在国会作证期间传达了这一举措，称“现在可能是放弃这个词并尝试更清楚地解释我们的意思的好时机。”</blockquote></p><p> For the Powell Fed, tightening policy now marks a dramatic pivot off a policy enacted just over a year ago. Known as “flexible average inflation targeting,” which meant it would be content with inflation a little above or below its long-held 2% target.</p><p><blockquote>对于鲍威尔美联储来说，现在的紧缩政策标志着一年多前颁布的政策的戏剧性转变。被称为“灵活的平均通胀目标”，这意味着它将满足于通胀略高于或低于其长期持有的2%目标。</blockquote></p><p> The policy’s practical application was that the Fed was willing to let inflation run a little hot in the interest of completely healing the labor market from the hit it took during the pandemic. The Fed’s new policy sought employment that was both full and inclusive across racial, gender and economic lines. Officials agreed not to raise interest rates in anticipation of rising inflation, as the central bank had done in the past.</p><p><blockquote>该政策的实际应用是，美联储愿意让通胀稍微升温，以彻底治愈劳动力市场在大流行期间遭受的打击。美联储的新政策寻求跨越种族、性别和经济界限的充分和包容性就业。官员们同意不会像央行过去那样，因预期通胀上升而加息。</blockquote></p><p> However, as the “transitory” narrative came into question and inflation began to look stronger and more durable, the Fed has had to rethink its intentions and change gears.</p><p><blockquote>然而，随着“暂时性”叙事受到质疑，通胀开始看起来更强劲、更持久，美联储不得不重新思考其意图并改变策略。</blockquote></p><p> The asset purchase taper began in November, with a reduction of $10 billion in Treasury purchases and $5 billion in mortgage-backed securities. That still left the month buys at $70 billion and $35 billion respectively.</p><p><blockquote>资产购买taper始于11月，国债购买量减少100亿美元，抵押贷款支持证券购买量减少50亿美元。尽管如此，本月的购买额仍分别为700亿美元和350亿美元。</blockquote></p><p> However, the Fed’s $8.7 trillion balance sheet increased by just $2 billion over the past four weeks, with Treasury holdings up $52 billion and MBS actually reduced by $23 billion. Over the past 12 months, Treasury holdings have expanded by $978 billion while MBS have risen by $567 billion.</p><p><blockquote>然而，美联储8.7万亿美元的资产负债表在过去四周仅增加了20亿美元，国债持有量增加了520亿美元，MBS实际减少了230亿美元。过去12个月，美国国债持有量增加了9780亿美元，而MBS持有量增加了5670亿美元。</blockquote></p><p> Under the new terms of a program also known as quantitative easing, the Fed would accelerate the decline of its holdings until it is no longer adding to its portfolio. That would bring QE to an end in the spring and allow the Fed to raise rates anytime after. The Fed has said it likely would not raise rates and continue buying bonds simultaneously, as the two moves would work at cross purposes.</p><p><blockquote>根据量化宽松计划的新条款，美联储将加速减持，直到不再增加其投资组合。这将使量化宽松在春季结束，并允许美联储在此后随时加息。美联储表示，可能不会同时加息和继续购买债券，因为这两项举措会产生交叉目的。</blockquote></p><p> From there, the Fed at anytime could start reducing its balance sheet either by selling securities outright, or, in the more likely scenario, begin allowing the proceeds of its current bond holdings to run off each month at a controlled pace.</p><p><blockquote>从那时起，美联储可以随时开始缩减资产负债表，要么直接出售证券，要么在更有可能的情况下，开始允许其当前债券持有的收益每月以受控的速度流失。</blockquote></p><p> Powell likely will face questioning at his 2:30 p.m. ET news conference about the future of the balance sheet, which has expanded by nearly $3.9 trillion since the early pandemic days.</p><p><blockquote>鲍威尔可能会在下午2:30面临质询。美国东部时间关于资产负债表未来的新闻发布会，自大流行初期以来，资产负债表已扩大了近3.9万亿美元。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Fed will aggressively dial back its monthly bond buying, sees three rate hikes next year<blockquote>美联储将大幅缩减月度债券购买规模，预计明年将加息三次</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFed will aggressively dial back its monthly bond buying, sees three rate hikes next year<blockquote>美联储将大幅缩减月度债券购买规模，预计明年将加息三次</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-12-16 03:01</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>The Federal Reserve provided multiple indications Wednesday that its run of ultra-easy policy since the beginning of the Covid pandemic is coming to a close, making moves that were even more aggressive than markets had anticipated.</p><p><blockquote>美联储周三提供了多种迹象，表明自新冠疫情开始以来的超宽松政策即将结束，其举措甚至比市场预期的更加激进。</blockquote></p><p> For one, the Fed said it will accelerate the reduction of its monthly bond purchases.</p><p><blockquote>其一，美联储表示将加速缩减每月债券购买规模。</blockquote></p><p> The Fed will be buying $60 billion of bonds each month starting January, half the level prior to the November taper and $30 billion less than it had been buying in December. The Fed was tapering by $15 billion a month in November, doubled that in December, then will accelerate the reduction further come 2022.</p><p><blockquote>美联储将从1月份开始每月购买600亿美元的债券，是11月份缩减前水平的一半，比12月份购买的债券减少300亿美元。美联储在11月份每月缩减150亿美元，是12月份的两倍，然后将在2022年进一步加速缩减。</blockquote></p><p> After that wraps up, probably around March, the central bank expects to start raising interest rates, which were held steady at this week’s meeting.</p><p><blockquote>之后，可能在三月份左右，央行预计将开始加息，在本周的会议上利率保持稳定。</blockquote></p><p> Projections released Wednesday indicate that Fed officials see as many as three rate hikes coming in 2022, with two in the following year and two more in 2024.</p><p><blockquote>周三发布的预测显示，美联储官员预计2022年将加息多达三次，次年加息两次，2024年加息两次。</blockquote></p><p> The Federal Open Market Committee’s moves, approved unanimously, represent a substantial adjustment to policy that has been the loosest in its 108-year history. The post-meeting statement noted the impact from inflation.</p><p><blockquote>联邦公开市场委员会一致通过的举措代表了对其108年历史上最宽松的政策的重大调整。会后声明指出了通货膨胀的影响。</blockquote></p><p> “Supply and demand imbalances related to the pandemic and the reopening of the economy have continued to contribute to elevated levels of inflation,” the statement said.</p><p><blockquote>声明称：“与疫情和经济重新开放相关的供需失衡继续导致通胀水平上升。”</blockquote></p><p> The statement also noted that “job gains have been solid in recent months, and the unemployment&nbsp;rate has declined substantially.”</p><p><blockquote>声明还指出，“近几个月就业增长稳健，失业率大幅下降。”</blockquote></p><p> Both policy moves came in response to escalating inflation, which is running at its highest level in 39 years for consumer prices. Wholesale prices in November jumped 9.6%, the fastest on record in a sign that inflation pressures are becoming more ingrained and broad-based.</p><p><blockquote>这两项政策举措都是为了应对不断升级的通胀，目前消费者价格处于39年来的最高水平。11月份批发价格上涨9.6%，为有记录以来最快，表明通胀压力正变得更加根深蒂固和广泛。</blockquote></p><p> Fed officials long have stressed that inflation is “transitory,” which Chairman Jerome Powell has defined as unlikely to leave a lasting imprint on the economy. He and other central bank leaders, as well as Treasury Secretary Janet Yellen, have stressed that prices are booming due to pandemic-related factors such as extraordinary demand that has outstripped supply but ultimately will fade.</p><p><blockquote>美联储官员长期以来一直强调通胀是“暂时的”，主席杰罗姆·鲍威尔将其定义为不太可能给经济留下持久的影响。他和其他央行领导人以及财政部长珍妮特·耶伦强调，由于与大流行相关的因素，例如需求超过供应但最终会消退，价格正在飙升。</blockquote></p><p> However, the term had become a pejorative and the post-meeting statement eliminated it. Powell telegraphed the move during congressional testimony last month, saying “it’s probably a good time to retire that word and try to explain more clearly what we meant.”</p><p><blockquote>然而，这个词已成为贬义词，会后声明将其删除。鲍威尔上个月在国会作证期间传达了这一举措，称“现在可能是放弃这个词并尝试更清楚地解释我们的意思的好时机。”</blockquote></p><p> For the Powell Fed, tightening policy now marks a dramatic pivot off a policy enacted just over a year ago. Known as “flexible average inflation targeting,” which meant it would be content with inflation a little above or below its long-held 2% target.</p><p><blockquote>对于鲍威尔美联储来说，现在的紧缩政策标志着一年多前颁布的政策的戏剧性转变。被称为“灵活的平均通胀目标”，这意味着它将满足于通胀略高于或低于其长期持有的2%目标。</blockquote></p><p> The policy’s practical application was that the Fed was willing to let inflation run a little hot in the interest of completely healing the labor market from the hit it took during the pandemic. The Fed’s new policy sought employment that was both full and inclusive across racial, gender and economic lines. Officials agreed not to raise interest rates in anticipation of rising inflation, as the central bank had done in the past.</p><p><blockquote>该政策的实际应用是，美联储愿意让通胀稍微升温，以彻底治愈劳动力市场在大流行期间遭受的打击。美联储的新政策寻求跨越种族、性别和经济界限的充分和包容性就业。官员们同意不会像央行过去那样，因预期通胀上升而加息。</blockquote></p><p> However, as the “transitory” narrative came into question and inflation began to look stronger and more durable, the Fed has had to rethink its intentions and change gears.</p><p><blockquote>然而，随着“暂时性”叙事受到质疑，通胀开始看起来更强劲、更持久，美联储不得不重新思考其意图并改变策略。</blockquote></p><p> The asset purchase taper began in November, with a reduction of $10 billion in Treasury purchases and $5 billion in mortgage-backed securities. That still left the month buys at $70 billion and $35 billion respectively.</p><p><blockquote>资产购买taper始于11月，国债购买量减少100亿美元，抵押贷款支持证券购买量减少50亿美元。尽管如此，本月的购买额仍分别为700亿美元和350亿美元。</blockquote></p><p> However, the Fed’s $8.7 trillion balance sheet increased by just $2 billion over the past four weeks, with Treasury holdings up $52 billion and MBS actually reduced by $23 billion. Over the past 12 months, Treasury holdings have expanded by $978 billion while MBS have risen by $567 billion.</p><p><blockquote>然而，美联储8.7万亿美元的资产负债表在过去四周仅增加了20亿美元，国债持有量增加了520亿美元，MBS实际减少了230亿美元。过去12个月，美国国债持有量增加了9780亿美元，而MBS持有量增加了5670亿美元。</blockquote></p><p> Under the new terms of a program also known as quantitative easing, the Fed would accelerate the decline of its holdings until it is no longer adding to its portfolio. That would bring QE to an end in the spring and allow the Fed to raise rates anytime after. The Fed has said it likely would not raise rates and continue buying bonds simultaneously, as the two moves would work at cross purposes.</p><p><blockquote>根据量化宽松计划的新条款，美联储将加速减持，直到不再增加其投资组合。这将使量化宽松在春季结束，并允许美联储在此后随时加息。美联储表示，可能不会同时加息和继续购买债券，因为这两项举措会产生交叉目的。</blockquote></p><p> From there, the Fed at anytime could start reducing its balance sheet either by selling securities outright, or, in the more likely scenario, begin allowing the proceeds of its current bond holdings to run off each month at a controlled pace.</p><p><blockquote>从那时起，美联储可以随时开始缩减资产负债表，要么直接出售证券，要么在更有可能的情况下，开始允许其当前债券持有的收益每月以受控的速度流失。</blockquote></p><p> Powell likely will face questioning at his 2:30 p.m. ET news conference about the future of the balance sheet, which has expanded by nearly $3.9 trillion since the early pandemic days.</p><p><blockquote>鲍威尔可能会在下午2:30面临质询。美国东部时间关于资产负债表未来的新闻发布会，自大流行初期以来，资产负债表已扩大了近3.9万亿美元。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1111705843","content_text":"The Federal Reserve provided multiple indications Wednesday that its run of ultra-easy policy since the beginning of the Covid pandemic is coming to a close, making moves that were even more aggressive than markets had anticipated.\nFor one, the Fed said it will accelerate the reduction of its monthly bond purchases.\nThe Fed will be buying $60 billion of bonds each month starting January, half the level prior to the November taper and $30 billion less than it had been buying in December. The Fed was tapering by $15 billion a month in November, doubled that in December, then will accelerate the reduction further come 2022.\nAfter that wraps up, probably around March, the central bank expects to start raising interest rates, which were held steady at this week’s meeting.\nProjections released Wednesday indicate that Fed officials see as many as three rate hikes coming in 2022, with two in the following year and two more in 2024.\nThe Federal Open Market Committee’s moves, approved unanimously, represent a substantial adjustment to policy that has been the loosest in its 108-year history. The post-meeting statement noted the impact from inflation.\n“Supply and demand imbalances related to the pandemic and the reopening of the economy have continued to contribute to elevated levels of inflation,” the statement said.\nThe statement also noted that “job gains have been solid in recent months, and the unemployment rate has declined substantially.”\nBoth policy moves came in response to escalating inflation, which is running at its highest level in 39 years for consumer prices. Wholesale prices in November jumped 9.6%, the fastest on record in a sign that inflation pressures are becoming more ingrained and broad-based.\nFed officials long have stressed that inflation is “transitory,” which Chairman Jerome Powell has defined as unlikely to leave a lasting imprint on the economy. He and other central bank leaders, as well as Treasury Secretary Janet Yellen, have stressed that prices are booming due to pandemic-related factors such as extraordinary demand that has outstripped supply but ultimately will fade.\nHowever, the term had become a pejorative and the post-meeting statement eliminated it. Powell telegraphed the move during congressional testimony last month, saying “it’s probably a good time to retire that word and try to explain more clearly what we meant.”\nFor the Powell Fed, tightening policy now marks a dramatic pivot off a policy enacted just over a year ago. Known as “flexible average inflation targeting,” which meant it would be content with inflation a little above or below its long-held 2% target.\nThe policy’s practical application was that the Fed was willing to let inflation run a little hot in the interest of completely healing the labor market from the hit it took during the pandemic. The Fed’s new policy sought employment that was both full and inclusive across racial, gender and economic lines. Officials agreed not to raise interest rates in anticipation of rising inflation, as the central bank had done in the past.\nHowever, as the “transitory” narrative came into question and inflation began to look stronger and more durable, the Fed has had to rethink its intentions and change gears.\nThe asset purchase taper began in November, with a reduction of $10 billion in Treasury purchases and $5 billion in mortgage-backed securities. That still left the month buys at $70 billion and $35 billion respectively.\nHowever, the Fed’s $8.7 trillion balance sheet increased by just $2 billion over the past four weeks, with Treasury holdings up $52 billion and MBS actually reduced by $23 billion. Over the past 12 months, Treasury holdings have expanded by $978 billion while MBS have risen by $567 billion.\nUnder the new terms of a program also known as quantitative easing, the Fed would accelerate the decline of its holdings until it is no longer adding to its portfolio. That would bring QE to an end in the spring and allow the Fed to raise rates anytime after. The Fed has said it likely would not raise rates and continue buying bonds simultaneously, as the two moves would work at cross purposes.\nFrom there, the Fed at anytime could start reducing its balance sheet either by selling securities outright, or, in the more likely scenario, begin allowing the proceeds of its current bond holdings to run off each month at a controlled pace.\nPowell likely will face questioning at his 2:30 p.m. ET news conference about the future of the balance sheet, which has expanded by nearly $3.9 trillion since the early pandemic days.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":2722,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":607761863,"gmtCreate":1639602136657,"gmtModify":1639602137186,"author":{"id":"3572235673675008","authorId":"3572235673675008","name":"LEEQF","avatar":"https://static.tigerbbs.com/ead66a2c538631d15658309f808c7d40","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572235673675008","idStr":"3572235673675008"},"themes":[],"htmlText":"Like my comment plsssss","listText":"Like my comment plsssss","text":"Like my comment plsssss","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/607761863","repostId":"2191956629","repostType":4,"isVote":1,"tweetType":1,"viewCount":3658,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":607763625,"gmtCreate":1639601567870,"gmtModify":1639601568341,"author":{"id":"3572235673675008","authorId":"3572235673675008","name":"LEEQF","avatar":"https://static.tigerbbs.com/ead66a2c538631d15658309f808c7d40","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572235673675008","idStr":"3572235673675008"},"themes":[],"htmlText":"Hi guys! My comment is here! U can like it! Cheers","listText":"Hi guys! My comment is here! U can like it! Cheers","text":"Hi guys! My comment is here! U can like it! Cheers","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/607763625","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.laohu8.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，道琼斯工业指数飙升，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，美联储一如预期维持利率稳定，但加快了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>美联储预计明年将加息三次，目前联邦基金利率在0%至0.25%之间。美联储主席杰罗姆·鲍威尔将于美国东部时间下午2:30召开新闻发布会，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>比官员们上个月会议上计划的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转向防止通胀上升变得根深蒂固。</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，这些瓶颈有助于支撑通胀上升。</blockquote></p><p> The Dow Jones Industrial Average&nbsp;popped into positive territory, up 0.3% at 35,645, the S&amp;P 500 index&nbsp;climbed 0.3% to 4,650, and the Nasdaq Composite Index&nbsp;briefly climbed to less than 0.1% higher at 15,269. The 10-year Treasury note&nbsp;yields 1.46% from around 1.44% before the Fed update.</p><p><blockquote>道琼斯工业平均指数上涨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，道琼斯工业指数飙升，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，道琼斯工业指数飙升，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，美联储一如预期维持利率稳定，但加快了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>美联储预计明年将加息三次，目前联邦基金利率在0%至0.25%之间。美联储主席杰罗姆·鲍威尔将于美国东部时间下午2:30召开新闻发布会，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>比官员们上个月会议上计划的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转向防止通胀上升变得根深蒂固。</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，这些瓶颈有助于支撑通胀上升。</blockquote></p><p> The Dow Jones Industrial Average&nbsp;popped into positive territory, up 0.3% at 35,645, the S&amp;P 500 index&nbsp;climbed 0.3% to 4,650, and the Nasdaq Composite Index&nbsp;briefly climbed to less than 0.1% higher at 15,269. The 10-year Treasury note&nbsp;yields 1.46% from around 1.44% before the Fed update.</p><p><blockquote>道琼斯工业平均指数上涨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":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"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,".IXIC":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":3709,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":607763833,"gmtCreate":1639601550675,"gmtModify":1639601551190,"author":{"id":"3572235673675008","authorId":"3572235673675008","name":"LEEQF","avatar":"https://static.tigerbbs.com/ead66a2c538631d15658309f808c7d40","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572235673675008","idStr":"3572235673675008"},"themes":[],"htmlText":"Solid!! Pls like my comment bros! Love u all!!&nbsp;","listText":"Solid!! Pls like my comment bros! Love u all!!&nbsp;","text":"Solid!! Pls like my comment bros! Love u all!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/607763833","repostId":"1144281028","repostType":4,"repost":{"id":"1144281028","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":1639596982,"share":"https://www.laohu8.com/m/news/1144281028?lang=zh_CN&edition=full","pubTime":"2021-12-16 03:36","market":"us","language":"en","title":"Powell expects inflation to fall closer to Fed's goal by end of next year<blockquote>鲍威尔预计明年年底通胀将更接近美联储目标</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1144281028","media":"Tiger Newspress","summary":"Economic growth and \"rapid gains\" in the employment picture are supporting the central bank's decision to accelerate the tapering of its asset purchase program, Federal Reserve Chair Jerome Powell said during his post-FOMC press conference.The recent increase in COVID and the emergence of the Omicron variant \"poses risk to the outlook,\" he said.","content":"<p><ul>  <li>Economic growth and \"rapid gains\" in the employment picture are supporting the central bank's decision to accelerate the tapering of its asset purchase program, Federal Reserve Chair Jerome Powell said during his post-FOMC press conference.</li>  <li>The recent increase in COVID and the emergence of the Omicron variant \"poses risk to the outlook,\" he said.</li>  <li>\"The economy no longer needs increasing amounts of policy support,\" Powell said.</li> </ul> <ul>  <li><b>3:30 PM ET:</b>&nbsp;\"I'm not troubled where the long bond is. We're focused on broader economic issues,\" he said.</li> </ul> <ul>  <li><b>3:23 PM ET:</b>&nbsp;The central bank committee \"hasn't&nbsp;made any decision at all\" on when balance sheet runoff will start. \"We did have a balance sheet issue discussion, we'll have another at the next meeting... we didn't make any decisions today.\"</li>  <li><b>3:22 PM ET:</b>Asset purchase decisions and raising interest rates are two separate decisions. The policymakers haven't yet discussed whether the higher interest rates will immediately follow the winding down of the taper.</li>  <li><b>3:20 PM ET:</b>\"We are at a point after March that we can raise interest rates as and when appropriate,\" he said.</li> </ul> <ul>  <li><b>3:18 PM ET:</b>&nbsp;He thinks cryptocurrency risks are a longer-term risk doesn't think of them as a financial stability concern. Also, he commented that stablecoins are not currently property regulated.</li> </ul> <ul>  <li><b>3:16 PM ET</b>: \"Asset valuations are somewhat elevated,\" he&nbsp; In terms of financial risks, \"businesses have debt, but their default rates are very low.\" Money market funds are a vulnerability. Cyber risk is harder to deal with, he said.</li> </ul> <ul>  <li><b>3:13 PM ET:</b>&nbsp;\"The risk of inflation becoming entrenched has increased. I don't think it's high, but it has increased,\" the Fed chair said. That's a major risk, along with the virus itself, he said.</li> </ul> <ul>  <li><b>3:12 PM ET:</b>Consumer incomes are strong, and spending has been strong, he notes. \"We expect personal consumption expenditures to be very strong in the fourth quarter,\" he said.</li> </ul> <ul>  <li>As of 3:09 PM ET, the Nasdaq&nbsp;climbs 1.0%, the S&amp;P&nbsp;rises 0.9%, and the Dowgains 0.5%.</li>  <li><b>3:08 PM ET:</b>\"It will take time and to get the pandemic under control\" to produce gains in the labor force participation rate, he said.</li> </ul> <ul>  <li><b>3:03 PM ET</b>: \"The inflation that we got was not at all the inflation we were talking about or looking for in the framework,\" Powell said. The post-pandemic inflation was triggered by supply-side barriers, \"a very different kind of inflation\" that was considered in the Fed's policy framework.</li> </ul> <ul>  <li><b>2:58 PM ET:</b>&nbsp;Turning to inflation: \"Wages are not a big part of the high inflation that we're seeing,\" he said. The Fed needs to watch for is if wages were persistently above productivity growth, he added, \"we don't see that yet.\" They're also carefully watching rent increases.</li> </ul> <ul>  <li><b>2:56 PM ET:</b>Powell decided the Fed needed to speed up the taper after the November employment report came out in early December.</li> </ul> <ul>  <li><b>2:53 PM:</b>Even with Omicron posing a risk to the economic outlook, Powell said accelerating the taper is warranted. At this point, \"it's very difficult to say what the economic effect will be...&nbsp;Moving forward the end of the taper is appropriate and Omicron doesn’t have much to do with it.\"</li> </ul> <ul>  <li><b>2:47 PM:</b>While the unemployment rate has improved quickly and stands at about 4.2%, the labor force participation rate has been disappointing, he said. \"I do think it feels likely now that the return to higher LFP is going to take longer.\"</li> </ul> <ul>  <li><b>2:44 PM</b>: He doesn't expect the Fed to start raising rates before the taper ends. It \"wouldn't be appropriate\" to raise rates while still increasing asset purchases, he said.</li>  <li><b>2:42 PM ET:</b>\"We're basically two meetings away from finishing the taper,\" he noted.</li>  <li><b>2:40 PM ET:</b>When asked what maximum employment looks like, Powell said it entails a \"broad range of indicators,\" such as the unemployment rate, labor force participation rate, and others. \"It is admittedly a judgment call because it's a range of factors. We are making rapid progress toward maximum employment.\"</li>  <li>Earlier, the Federal Open Market Committee&nbsp;doubled the pace of tapering&nbsp;to $30B per month as inflation remained elevated and the labor market stayed strong.</li>  <li>The faster pace of winding down the central bank's asset purchases puts it on track to boost rates earlier. Now all of the Fed officials expect at least one rate hike during 2022, with two-thirds of them predicting at least three 25-basis point&nbsp;increases during the year.</li> </ul> </p><p><blockquote><ul><li>美联储主席杰罗姆·鲍威尔在FOMC会议后的新闻发布会上表示，经济增长和就业形势的“快速增长”正在支持央行加速缩减资产购买计划的决定。</li><li>他说，最近新冠病毒的增加和奥密克戎变种的出现“对前景构成了风险”。</li><li>鲍威尔表示：“经济不再需要越来越多的政策支持。”</li></ul><ul><li><b>美国东部时间下午3:30：</b>“我并不担心长期债券在哪里。我们专注于更广泛的经济问题，”他说。</li></ul><ul><li><b>美国东部时间下午3:23：</b>央行委员会对于何时开始资产负债表决选“根本没有做出任何决定”。“我们确实讨论了资产负债表问题，我们将在下次会议上再讨论一次……我们今天没有做出任何决定。”</li><li><b>美国东部时间下午3:22：</b>资产购买决策和加息是两个独立的决策。政策制定者尚未讨论缩减购债规模后是否会立即加息。</li><li><b>美国东部时间下午3:20：</b>他表示：“三月份之后，我们可以在适当的时候加息。”</li></ul><ul><li><b>美国东部时间下午3:18：</b>他认为加密货币风险是一种长期风险，并不认为它们是金融稳定问题。此外，他评论说，稳定币目前不受财产监管。</li></ul><ul><li><b>美国东部时间下午3:16</b>：“资产估值有些偏高，”他在金融风险方面，“企业有债务，但违约率很低。”货币市场基金是一个弱点。他说，网络风险更难应对。</li></ul><ul><li><b>美国东部时间下午3:13：</b>美联储主席表示：“通胀变得根深蒂固的风险已经增加。我认为通胀并不高，但已经增加了。”他说，这与病毒本身一样是一个重大风险。</li></ul><ul><li><b>美国东部时间下午3:12：</b>他指出，消费者收入强劲，支出也强劲。“我们预计第四季度个人消费支出将非常强劲，”他说。</li></ul><ul><li>截至美国东部时间下午3:09，纳斯达克上涨1.0%，标准普尔指数上涨0.9%，道琼斯指数上涨0.5%。</li><li><b>美国东部时间下午3:08：</b>他说，“控制疫情需要时间”才能提高劳动力参与率。</li></ul><ul><li><b>美国东部时间下午3:03</b>：“我们得到的通胀根本不是我们在框架中谈论或寻找的通胀，”鲍威尔说。疫情后的通胀是由供给侧壁垒引发的，这是美联储政策框架中考虑的“一种非常不同的通胀”。</li></ul><ul><li><b>美国东部时间下午2:58：</b>谈到通货膨胀：“工资并不是我们看到的高通货膨胀的重要组成部分，”他说。他补充说，美联储需要关注工资是否持续高于生产率增长，“我们还没有看到这一点。”他们也在密切关注租金上涨。</li></ul><ul><li><b>美国东部时间下午2:56：</b>鲍威尔在12月初11月就业报告出来后决定美联储需要加快taper。</li></ul><ul><li><b>下午2点53分：</b>尽管奥密克戎对经济前景构成风险，但Powell表示，加速缩减规模是有道理的。在这一点上，“很难说经济影响会是什么……提前结束缩减是合适的，奥密克戎与此没有太大关系。”</li></ul><ul><li><b>下午2:47：</b>他说，虽然失业率迅速改善，约为4.2%，但劳动力参与率令人失望。“我确实认为，现在感觉恢复到更高的LFP可能需要更长的时间。”</li></ul><ul><li><b>下午2点44分</b>：他预计美联储不会在taper结束前开始加息。他表示，在增加资产购买的同时加息“不合适”。</li><li><b>美国东部时间下午2:42：</b>“我们基本上距离完成缩减规模还有两次会议，”他指出。</li><li><b>美国东部时间下午2:40：</b>当被问及最大就业是什么样子时，鲍威尔表示，这需要“广泛的指标”，例如失业率、劳动力参与率等。“诚然，这是一个判断看涨期权，因为这是一系列因素。我们正在朝着最大限度就业取得快速进展。”</li><li>早些时候，由于通胀居高不下且劳动力市场依然强劲，联邦公开市场委员会将缩减步伐提高了一倍，达到每月300亿美元。</li><li>央行逐步减少资产购买的步伐加快，使其有望提前加息。现在，所有美联储官员都预计2022年至少加息一次，其中三分之二的人预计年内至少加息三次25个基点。</li></ul></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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We're focused on broader economic issues,\" he said.</li> </ul> <ul>  <li><b>3:23 PM ET:</b>&nbsp;The central bank committee \"hasn't&nbsp;made any decision at all\" on when balance sheet runoff will start. \"We did have a balance sheet issue discussion, we'll have another at the next meeting... we didn't make any decisions today.\"</li>  <li><b>3:22 PM ET:</b>Asset purchase decisions and raising interest rates are two separate decisions. The policymakers haven't yet discussed whether the higher interest rates will immediately follow the winding down of the taper.</li>  <li><b>3:20 PM ET:</b>\"We are at a point after March that we can raise interest rates as and when appropriate,\" he said.</li> </ul> <ul>  <li><b>3:18 PM ET:</b>&nbsp;He thinks cryptocurrency risks are a longer-term risk doesn't think of them as a financial stability concern. Also, he commented that stablecoins are not currently property regulated.</li> </ul> <ul>  <li><b>3:16 PM ET</b>: \"Asset valuations are somewhat elevated,\" he&nbsp; In terms of financial risks, \"businesses have debt, but their default rates are very low.\" Money market funds are a vulnerability. Cyber risk is harder to deal with, he said.</li> </ul> <ul>  <li><b>3:13 PM ET:</b>&nbsp;\"The risk of inflation becoming entrenched has increased. I don't think it's high, but it has increased,\" the Fed chair said. That's a major risk, along with the virus itself, he said.</li> </ul> <ul>  <li><b>3:12 PM ET:</b>Consumer incomes are strong, and spending has been strong, he notes. \"We expect personal consumption expenditures to be very strong in the fourth quarter,\" he said.</li> </ul> <ul>  <li>As of 3:09 PM ET, the Nasdaq&nbsp;climbs 1.0%, the S&amp;P&nbsp;rises 0.9%, and the Dowgains 0.5%.</li>  <li><b>3:08 PM ET:</b>\"It will take time and to get the pandemic under control\" to produce gains in the labor force participation rate, he said.</li> </ul> <ul>  <li><b>3:03 PM ET</b>: \"The inflation that we got was not at all the inflation we were talking about or looking for in the framework,\" Powell said. The post-pandemic inflation was triggered by supply-side barriers, \"a very different kind of inflation\" that was considered in the Fed's policy framework.</li> </ul> <ul>  <li><b>2:58 PM ET:</b>&nbsp;Turning to inflation: \"Wages are not a big part of the high inflation that we're seeing,\" he said. The Fed needs to watch for is if wages were persistently above productivity growth, he added, \"we don't see that yet.\" They're also carefully watching rent increases.</li> </ul> <ul>  <li><b>2:56 PM ET:</b>Powell decided the Fed needed to speed up the taper after the November employment report came out in early December.</li> </ul> <ul>  <li><b>2:53 PM:</b>Even with Omicron posing a risk to the economic outlook, Powell said accelerating the taper is warranted. At this point, \"it's very difficult to say what the economic effect will be...&nbsp;Moving forward the end of the taper is appropriate and Omicron doesn’t have much to do with it.\"</li> </ul> <ul>  <li><b>2:47 PM:</b>While the unemployment rate has improved quickly and stands at about 4.2%, the labor force participation rate has been disappointing, he said. \"I do think it feels likely now that the return to higher LFP is going to take longer.\"</li> </ul> <ul>  <li><b>2:44 PM</b>: He doesn't expect the Fed to start raising rates before the taper ends. It \"wouldn't be appropriate\" to raise rates while still increasing asset purchases, he said.</li>  <li><b>2:42 PM ET:</b>\"We're basically two meetings away from finishing the taper,\" he noted.</li>  <li><b>2:40 PM ET:</b>When asked what maximum employment looks like, Powell said it entails a \"broad range of indicators,\" such as the unemployment rate, labor force participation rate, and others. \"It is admittedly a judgment call because it's a range of factors. We are making rapid progress toward maximum employment.\"</li>  <li>Earlier, the Federal Open Market Committee&nbsp;doubled the pace of tapering&nbsp;to $30B per month as inflation remained elevated and the labor market stayed strong.</li>  <li>The faster pace of winding down the central bank's asset purchases puts it on track to boost rates earlier. Now all of the Fed officials expect at least one rate hike during 2022, with two-thirds of them predicting at least three 25-basis point&nbsp;increases during the year.</li> </ul> </p><p><blockquote><ul><li>美联储主席杰罗姆·鲍威尔在FOMC会议后的新闻发布会上表示，经济增长和就业形势的“快速增长”正在支持央行加速缩减资产购买计划的决定。</li><li>他说，最近新冠病毒的增加和奥密克戎变种的出现“对前景构成了风险”。</li><li>鲍威尔表示：“经济不再需要越来越多的政策支持。”</li></ul><ul><li><b>美国东部时间下午3:30：</b>“我并不担心长期债券在哪里。我们专注于更广泛的经济问题，”他说。</li></ul><ul><li><b>美国东部时间下午3:23：</b>央行委员会对于何时开始资产负债表决选“根本没有做出任何决定”。“我们确实讨论了资产负债表问题，我们将在下次会议上再讨论一次……我们今天没有做出任何决定。”</li><li><b>美国东部时间下午3:22：</b>资产购买决策和加息是两个独立的决策。政策制定者尚未讨论缩减购债规模后是否会立即加息。</li><li><b>美国东部时间下午3:20：</b>他表示：“三月份之后，我们可以在适当的时候加息。”</li></ul><ul><li><b>美国东部时间下午3:18：</b>他认为加密货币风险是一种长期风险，并不认为它们是金融稳定问题。此外，他评论说，稳定币目前不受财产监管。</li></ul><ul><li><b>美国东部时间下午3:16</b>：“资产估值有些偏高，”他在金融风险方面，“企业有债务，但违约率很低。”货币市场基金是一个弱点。他说，网络风险更难应对。</li></ul><ul><li><b>美国东部时间下午3:13：</b>美联储主席表示：“通胀变得根深蒂固的风险已经增加。我认为通胀并不高，但已经增加了。”他说，这与病毒本身一样是一个重大风险。</li></ul><ul><li><b>美国东部时间下午3:12：</b>他指出，消费者收入强劲，支出也强劲。“我们预计第四季度个人消费支出将非常强劲，”他说。</li></ul><ul><li>截至美国东部时间下午3:09，纳斯达克上涨1.0%，标准普尔指数上涨0.9%，道琼斯指数上涨0.5%。</li><li><b>美国东部时间下午3:08：</b>他说，“控制疫情需要时间”才能提高劳动力参与率。</li></ul><ul><li><b>美国东部时间下午3:03</b>：“我们得到的通胀根本不是我们在框架中谈论或寻找的通胀，”鲍威尔说。疫情后的通胀是由供给侧壁垒引发的，这是美联储政策框架中考虑的“一种非常不同的通胀”。</li></ul><ul><li><b>美国东部时间下午2:58：</b>谈到通货膨胀：“工资并不是我们看到的高通货膨胀的重要组成部分，”他说。他补充说，美联储需要关注工资是否持续高于生产率增长，“我们还没有看到这一点。”他们也在密切关注租金上涨。</li></ul><ul><li><b>美国东部时间下午2:56：</b>鲍威尔在12月初11月就业报告出来后决定美联储需要加快taper。</li></ul><ul><li><b>下午2点53分：</b>尽管奥密克戎对经济前景构成风险，但Powell表示，加速缩减规模是有道理的。在这一点上，“很难说经济影响会是什么……提前结束缩减是合适的，奥密克戎与此没有太大关系。”</li></ul><ul><li><b>下午2:47：</b>他说，虽然失业率迅速改善，约为4.2%，但劳动力参与率令人失望。“我确实认为，现在感觉恢复到更高的LFP可能需要更长的时间。”</li></ul><ul><li><b>下午2点44分</b>：他预计美联储不会在taper结束前开始加息。他表示，在增加资产购买的同时加息“不合适”。</li><li><b>美国东部时间下午2:42：</b>“我们基本上距离完成缩减规模还有两次会议，”他指出。</li><li><b>美国东部时间下午2:40：</b>当被问及最大就业是什么样子时，鲍威尔表示，这需要“广泛的指标”，例如失业率、劳动力参与率等。“诚然，这是一个判断看涨期权，因为这是一系列因素。我们正在朝着最大限度就业取得快速进展。”</li><li>早些时候，由于通胀居高不下且劳动力市场依然强劲，联邦公开市场委员会将缩减步伐提高了一倍，达到每月300亿美元。</li><li>央行逐步减少资产购买的步伐加快，使其有望提前加息。现在，所有美联储官员都预计2022年至少加息一次，其中三分之二的人预计年内至少加息三次25个基点。</li></ul></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1144281028","content_text":"Economic growth and \"rapid gains\" in the employment picture are supporting the central bank's decision to accelerate the tapering of its asset purchase program, Federal Reserve Chair Jerome Powell said during his post-FOMC press conference.\nThe recent increase in COVID and the emergence of the Omicron variant \"poses risk to the outlook,\" he said.\n\"The economy no longer needs increasing amounts of policy support,\" Powell said.\n\n\n3:30 PM ET: \"I'm not troubled where the long bond is. We're focused on broader economic issues,\" he said.\n\n\n3:23 PM ET: The central bank committee \"hasn't made any decision at all\" on when balance sheet runoff will start. \"We did have a balance sheet issue discussion, we'll have another at the next meeting... we didn't make any decisions today.\"\n3:22 PM ET:Asset purchase decisions and raising interest rates are two separate decisions. The policymakers haven't yet discussed whether the higher interest rates will immediately follow the winding down of the taper.\n3:20 PM ET:\"We are at a point after March that we can raise interest rates as and when appropriate,\" he said.\n\n\n3:18 PM ET: He thinks cryptocurrency risks are a longer-term risk doesn't think of them as a financial stability concern. Also, he commented that stablecoins are not currently property regulated.\n\n\n3:16 PM ET: \"Asset valuations are somewhat elevated,\" he  In terms of financial risks, \"businesses have debt, but their default rates are very low.\" Money market funds are a vulnerability. Cyber risk is harder to deal with, he said.\n\n\n3:13 PM ET: \"The risk of inflation becoming entrenched has increased. I don't think it's high, but it has increased,\" the Fed chair said. That's a major risk, along with the virus itself, he said.\n\n\n3:12 PM ET:Consumer incomes are strong, and spending has been strong, he notes. \"We expect personal consumption expenditures to be very strong in the fourth quarter,\" he said.\n\n\nAs of 3:09 PM ET, the Nasdaq climbs 1.0%, the S&P rises 0.9%, and the Dowgains 0.5%.\n3:08 PM ET:\"It will take time and to get the pandemic under control\" to produce gains in the labor force participation rate, he said.\n\n\n3:03 PM ET: \"The inflation that we got was not at all the inflation we were talking about or looking for in the framework,\" Powell said. The post-pandemic inflation was triggered by supply-side barriers, \"a very different kind of inflation\" that was considered in the Fed's policy framework.\n\n\n2:58 PM ET: Turning to inflation: \"Wages are not a big part of the high inflation that we're seeing,\" he said. The Fed needs to watch for is if wages were persistently above productivity growth, he added, \"we don't see that yet.\" They're also carefully watching rent increases.\n\n\n2:56 PM ET:Powell decided the Fed needed to speed up the taper after the November employment report came out in early December.\n\n\n2:53 PM:Even with Omicron posing a risk to the economic outlook, Powell said accelerating the taper is warranted. At this point, \"it's very difficult to say what the economic effect will be... Moving forward the end of the taper is appropriate and Omicron doesn’t have much to do with it.\"\n\n\n2:47 PM:While the unemployment rate has improved quickly and stands at about 4.2%, the labor force participation rate has been disappointing, he said. \"I do think it feels likely now that the return to higher LFP is going to take longer.\"\n\n\n2:44 PM: He doesn't expect the Fed to start raising rates before the taper ends. It \"wouldn't be appropriate\" to raise rates while still increasing asset purchases, he said.\n2:42 PM ET:\"We're basically two meetings away from finishing the taper,\" he noted.\n2:40 PM ET:When asked what maximum employment looks like, Powell said it entails a \"broad range of indicators,\" such as the unemployment rate, labor force participation rate, and others. \"It is admittedly a judgment call because it's a range of factors. We are making rapid progress toward maximum employment.\"\nEarlier, the Federal Open Market Committee doubled the pace of tapering to $30B per month as inflation remained elevated and the labor market stayed strong.\nThe faster pace of winding down the central bank's asset purchases puts it on track to boost rates earlier. Now all of the Fed officials expect at least one rate hike during 2022, with two-thirds of them predicting at least three 25-basis point increases during the year.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":2737,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":607147537,"gmtCreate":1639516610727,"gmtModify":1639516611231,"author":{"id":"3572235673675008","authorId":"3572235673675008","name":"LEEQF","avatar":"https://static.tigerbbs.com/ead66a2c538631d15658309f808c7d40","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572235673675008","idStr":"3572235673675008"},"themes":[],"htmlText":"Like this comment for the greatest luck!!!! Lol","listText":"Like this comment for the greatest luck!!!! Lol","text":"Like this comment for the greatest luck!!!! Lol","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/607147537","repostId":"1195286060","repostType":4,"repost":{"id":"1195286060","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":1639495787,"share":"https://www.laohu8.com/m/news/1195286060?lang=zh_CN&edition=full","pubTime":"2021-12-14 23:29","market":"us","language":"en","title":"Uber jumped nearly 7% in morning trading as it cooperated with Clear Secure<blockquote>Uber与Clear Secure合作早盘上涨近7%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1195286060","media":"Tiger Newspress","summary":"Uber jumped nearly 7% in morning trading as it cooperated with Clear Secure.Clear Secure (YOU) and U","content":"<p>Uber jumped nearly 7% in morning trading as it cooperated with Clear Secure.<img src=\"https://static.tigerbbs.com/81fdbb81086badeece485e7e1485a156\" tg-width=\"768\" tg-height=\"562\" width=\"100%\" height=\"auto\">Clear Secure (YOU) and Uber (UBER) have announced a partnership that will integrate Uber's ride platform directly into the Clear app's \"Home to Gate\" feature. With this partnership, Clear app users will be able to use the Home To Gate feature and its data-driven insights to find out exactly when to leave for their flight and reserve an Uber ride ahead of time - creating a more seamless, predictable travel experience.</p><p><blockquote>由于与Clear Secure合作，Uber早盘上涨近7%。Clear Secure(YOU)和Uber(UBER)宣布建立合作伙伴关系，将Uber的乘车平台直接集成到Clear应用程序的“Home to Gate”功能中。通过此次合作，Clear app用户将能够使用Home To Gate功能及其数据驱动的见解来准确了解何时出发搭乘航班，并提前预订优步乘车服务，从而创造更加无缝、可预测的旅行体验。</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>Uber jumped nearly 7% in morning trading as it cooperated with Clear Secure<blockquote>Uber与Clear Secure合作早盘上涨近7%</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 jumped nearly 7% in morning trading as it cooperated with Clear Secure<blockquote>Uber与Clear Secure合作早盘上涨近7%</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\">2021-12-14 23:29</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Uber jumped nearly 7% in morning trading as it cooperated with Clear Secure.<img src=\"https://static.tigerbbs.com/81fdbb81086badeece485e7e1485a156\" tg-width=\"768\" tg-height=\"562\" width=\"100%\" height=\"auto\">Clear Secure (YOU) and Uber (UBER) have announced a partnership that will integrate Uber's ride platform directly into the Clear app's \"Home to Gate\" feature. With this partnership, Clear app users will be able to use the Home To Gate feature and its data-driven insights to find out exactly when to leave for their flight and reserve an Uber ride ahead of time - creating a more seamless, predictable travel experience.</p><p><blockquote>由于与Clear Secure合作，Uber早盘上涨近7%。Clear Secure(YOU)和Uber(UBER)宣布建立合作伙伴关系，将Uber的乘车平台直接集成到Clear应用程序的“Home to Gate”功能中。通过此次合作，Clear app用户将能够使用Home To Gate功能及其数据驱动的见解来准确了解何时出发搭乘航班，并提前预订优步乘车服务，从而创造更加无缝、可预测的旅行体验。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UBER":"优步"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1195286060","content_text":"Uber jumped nearly 7% in morning trading as it cooperated with Clear Secure.Clear Secure (YOU) and Uber (UBER) have announced a partnership that will integrate Uber's ride platform directly into the Clear app's \"Home to Gate\" feature. With this partnership, Clear app users will be able to use the Home To Gate feature and its data-driven insights to find out exactly when to leave for their flight and reserve an Uber ride ahead of time - creating a more seamless, predictable travel experience.","news_type":1,"symbols_score_info":{"UBER":0.9}},"isVote":1,"tweetType":1,"viewCount":690,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":607971696,"gmtCreate":1639482183143,"gmtModify":1639482438767,"author":{"id":"3572235673675008","authorId":"3572235673675008","name":"LEEQF","avatar":"https://static.tigerbbs.com/ead66a2c538631d15658309f808c7d40","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572235673675008","idStr":"3572235673675008"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/LCID\">$Lucid Group Inc(LCID)$</a>All those patents $LCID holding are gonna bring them revenue in the near future!! ❤️❤️❤️❤️❤️❤️❤️❤️","listText":"<a href=\"https://laohu8.com/S/LCID\">$Lucid Group Inc(LCID)$</a>All those patents $LCID holding are gonna bring them revenue in the near future!! ❤️❤️❤️❤️❤️❤️❤️❤️","text":"$Lucid Group Inc(LCID)$All those patents $LCID holding are gonna bring them revenue in the near future!! ❤️❤️❤️❤️❤️❤️❤️❤️","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":12,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/607971696","isVote":1,"tweetType":1,"viewCount":1358,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":604410549,"gmtCreate":1639438025220,"gmtModify":1639438259833,"author":{"id":"3572235673675008","authorId":"3572235673675008","name":"LEEQF","avatar":"https://static.tigerbbs.com/ead66a2c538631d15658309f808c7d40","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572235673675008","idStr":"3572235673675008"},"themes":[],"htmlText":"Like this comment pls","listText":"Like this comment pls","text":"Like this comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/604410549","repostId":"2191156981","repostType":4,"isVote":1,"tweetType":1,"viewCount":984,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":604410889,"gmtCreate":1639438013281,"gmtModify":1639438259135,"author":{"id":"3572235673675008","authorId":"3572235673675008","name":"LEEQF","avatar":"https://static.tigerbbs.com/ead66a2c538631d15658309f808c7d40","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572235673675008","idStr":"3572235673675008"},"themes":[],"htmlText":"Like this comment my friends!!","listText":"Like this comment my friends!!","text":"Like this comment my friends!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/604410889","repostId":"2191984334","repostType":4,"isVote":1,"tweetType":1,"viewCount":1092,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":604909018,"gmtCreate":1639293323927,"gmtModify":1639293324397,"author":{"id":"3572235673675008","authorId":"3572235673675008","name":"LEEQF","avatar":"https://static.tigerbbs.com/ead66a2c538631d15658309f808c7d40","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572235673675008","idStr":"3572235673675008"},"themes":[],"htmlText":"Pls like this comment guys!! Thank you very much&nbsp;","listText":"Pls like this comment guys!! Thank you very much&nbsp;","text":"Pls like this comment guys!! Thank you very much","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/604909018","repostId":"2190719916","repostType":4,"isVote":1,"tweetType":1,"viewCount":744,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":604900705,"gmtCreate":1639293312503,"gmtModify":1639293313011,"author":{"id":"3572235673675008","authorId":"3572235673675008","name":"LEEQF","avatar":"https://static.tigerbbs.com/ead66a2c538631d15658309f808c7d40","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572235673675008","idStr":"3572235673675008"},"themes":[],"htmlText":"Pls like this comment guys!! Thank you very much&nbsp;","listText":"Pls like this comment guys!! Thank you very much&nbsp;","text":"Pls like this comment guys!! Thank you very much","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/604900705","repostId":"2190679207","repostType":4,"isVote":1,"tweetType":1,"viewCount":867,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":604900465,"gmtCreate":1639293301790,"gmtModify":1639293302275,"author":{"id":"3572235673675008","authorId":"3572235673675008","name":"LEEQF","avatar":"https://static.tigerbbs.com/ead66a2c538631d15658309f808c7d40","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572235673675008","idStr":"3572235673675008"},"themes":[],"htmlText":"Pls like this comment guys!! Thank you very much&nbsp;","listText":"Pls like this comment guys!! Thank you very much&nbsp;","text":"Pls like this comment guys!! Thank you very much","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/604900465","repostId":"1103250344","repostType":4,"repost":{"id":"1103250344","kind":"news","pubTimestamp":1639280672,"share":"https://www.laohu8.com/m/news/1103250344?lang=zh_CN&edition=full","pubTime":"2021-12-12 11:44","market":"hk","language":"en","title":"US IPO Week Ahead: IoT solutions, wine, and satellites in a 3 IPO week<blockquote>美国IPO周：三周IPO中的物联网解决方案、葡萄酒和卫星</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1103250344","media":"renaissancecap...","summary":"The IPO market is expected to stay relatively quiet in the week ahead with three IPOs scheduled to r","content":"<p>The IPO market is expected to stay relatively quiet in the week ahead with three IPOs scheduled to raise $789 million.</p><p><blockquote>预计未来一周IPO市场将保持相对平静，三起IPO计划筹集7.89亿美元。</blockquote></p><p> IoT solutions developer<b>Samsara</b>(IOT) plans to raise $753 million at an $11.6 billion market cap. This \"internet-of-things\" company provides a cloud-based platform that connects the assets of businesses with physical operations, enhancing operational efficiency and asset and employee productivity. Fast growing but highly unprofitable, Samsara saw double-digit growth for customers with $100k+ ARR in the 9mo FY22.</p><p><blockquote>物联网解决方案开发人员<b>轮回</b>(IOT)计划以116亿美元的市值筹集7.53亿美元。这家“物联网”公司提供了一个基于云的平台，将企业的资产与物理运营连接起来，提高了运营效率以及资产和员工的生产力。Samsara增长迅速，但利润极低，在2022财年第9个月，ARR超过10万美元的客户实现了两位数增长。</blockquote></p><p> Wine brand<b>Fresh Vine Wine</b>(VINE) plans to raise $21 million at a $116 million market cap. This celebrity-founded company produces low carb, low calorie premium wines. Growing but highly unprofitable, Fresh Vine sells its wines through wholesale, retail, and DTC channels, and is able to conduct wholesale distribution in all 50 states and Puerto Rico.</p><p><blockquote>葡萄酒品牌<b>鲜藤酒</b>(VINE)计划以1.16亿美元的市值筹集2100万美元。这家名人创立的公司生产低碳水化合物、低热量的优质葡萄酒。Fresh Vine通过批发、零售和DTC渠道销售其葡萄酒，并能够在所有50个州和波多黎各进行批发分销。</blockquote></p><p> Micro-cap satellite developer<b>Sidus Space</b>(SIDU) plans to raise $15 million at an $81 million market cap. This company provides commercial satellite services such as design, manufacture, launch, and data collection. &nbsp;Sidus Space has generated space-related manufacturing revenues to date, but is highly unprofitable with negative gross margin in the 9mo21.</p><p><blockquote>微型卫星开发商<b>Sidus空间</b>(SIDU)计划以8100万美元的市值筹集1500万美元。这家公司提供设计、制造、发射和数据收集等商业卫星服务。迄今为止，Sidus Space已产生与太空相关的制造收入，但2021年9月毛利率为负，严重无利可图。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/ead80e54642569e2b7b368c8d50dc265\" tg-width=\"1409\" tg-height=\"457\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>","source":"lsy1619493174116","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: IoT solutions, wine, and satellites in a 3 IPO week<blockquote>美国IPO周：三周IPO中的物联网解决方案、葡萄酒和卫星</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: IoT solutions, wine, and satellites in a 3 IPO week<blockquote>美国IPO周：三周IPO中的物联网解决方案、葡萄酒和卫星</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">renaissancecap...</strong><span class=\"h-time small\">2021-12-12 11:44</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The IPO market is expected to stay relatively quiet in the week ahead with three IPOs scheduled to raise $789 million.</p><p><blockquote>预计未来一周IPO市场将保持相对平静，三起IPO计划筹集7.89亿美元。</blockquote></p><p> IoT solutions developer<b>Samsara</b>(IOT) plans to raise $753 million at an $11.6 billion market cap. This \"internet-of-things\" company provides a cloud-based platform that connects the assets of businesses with physical operations, enhancing operational efficiency and asset and employee productivity. Fast growing but highly unprofitable, Samsara saw double-digit growth for customers with $100k+ ARR in the 9mo FY22.</p><p><blockquote>物联网解决方案开发人员<b>轮回</b>(IOT)计划以116亿美元的市值筹集7.53亿美元。这家“物联网”公司提供了一个基于云的平台，将企业的资产与物理运营连接起来，提高了运营效率以及资产和员工的生产力。Samsara增长迅速，但利润极低，在2022财年第9个月，ARR超过10万美元的客户实现了两位数增长。</blockquote></p><p> Wine brand<b>Fresh Vine Wine</b>(VINE) plans to raise $21 million at a $116 million market cap. This celebrity-founded company produces low carb, low calorie premium wines. Growing but highly unprofitable, Fresh Vine sells its wines through wholesale, retail, and DTC channels, and is able to conduct wholesale distribution in all 50 states and Puerto Rico.</p><p><blockquote>葡萄酒品牌<b>鲜藤酒</b>(VINE)计划以1.16亿美元的市值筹集2100万美元。这家名人创立的公司生产低碳水化合物、低热量的优质葡萄酒。Fresh Vine通过批发、零售和DTC渠道销售其葡萄酒，并能够在所有50个州和波多黎各进行批发分销。</blockquote></p><p> Micro-cap satellite developer<b>Sidus Space</b>(SIDU) plans to raise $15 million at an $81 million market cap. This company provides commercial satellite services such as design, manufacture, launch, and data collection. &nbsp;Sidus Space has generated space-related manufacturing revenues to date, but is highly unprofitable with negative gross margin in the 9mo21.</p><p><blockquote>微型卫星开发商<b>Sidus空间</b>(SIDU)计划以8100万美元的市值筹集1500万美元。这家公司提供设计、制造、发射和数据收集等商业卫星服务。迄今为止，Sidus Space已产生与太空相关的制造收入，但2021年9月毛利率为负，严重无利可图。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/ead80e54642569e2b7b368c8d50dc265\" tg-width=\"1409\" tg-height=\"457\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.renaissancecapital.com/IPO-Center/News/89474/US-IPO-Week-Ahead-IoT-solutions-wine-and-satellites-in-a-3-IPO-week\">renaissancecap...</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite","IOT":"Samsara, Inc.","SIDU":"Sidus Space Inc."},"source_url":"https://www.renaissancecapital.com/IPO-Center/News/89474/US-IPO-Week-Ahead-IoT-solutions-wine-and-satellites-in-a-3-IPO-week","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1103250344","content_text":"The IPO market is expected to stay relatively quiet in the week ahead with three IPOs scheduled to raise $789 million.\nIoT solutions developerSamsara(IOT) plans to raise $753 million at an $11.6 billion market cap. This \"internet-of-things\" company provides a cloud-based platform that connects the assets of businesses with physical operations, enhancing operational efficiency and asset and employee productivity. Fast growing but highly unprofitable, Samsara saw double-digit growth for customers with $100k+ ARR in the 9mo FY22.\nWine brandFresh Vine Wine(VINE) plans to raise $21 million at a $116 million market cap. This celebrity-founded company produces low carb, low calorie premium wines. Growing but highly unprofitable, Fresh Vine sells its wines through wholesale, retail, and DTC channels, and is able to conduct wholesale distribution in all 50 states and Puerto Rico.\nMicro-cap satellite developerSidus Space(SIDU) plans to raise $15 million at an $81 million market cap. This company provides commercial satellite services such as design, manufacture, launch, and data collection.  Sidus Space has generated space-related manufacturing revenues to date, but is highly unprofitable with negative gross margin in the 9mo21.","news_type":1,"symbols_score_info":{".SPX":0,"VINE":0,".IXIC":0,".DJI":0,"IOT":0,"SIDU":0}},"isVote":1,"tweetType":1,"viewCount":928,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":605656802,"gmtCreate":1639157632944,"gmtModify":1639158687138,"author":{"id":"3572235673675008","authorId":"3572235673675008","name":"LEEQF","avatar":"https://static.tigerbbs.com/ead66a2c538631d15658309f808c7d40","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572235673675008","idStr":"3572235673675008"},"themes":[],"htmlText":"These fuckers should just die","listText":"These fuckers should just die","text":"These fuckers should just die","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/605656802","repostId":"1199826178","repostType":4,"isVote":1,"tweetType":1,"viewCount":843,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":602521849,"gmtCreate":1639044088080,"gmtModify":1639044088531,"author":{"id":"3572235673675008","authorId":"3572235673675008","name":"LEEQF","avatar":"https://static.tigerbbs.com/ead66a2c538631d15658309f808c7d40","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572235673675008","idStr":"3572235673675008"},"themes":[],"htmlText":"Hi everybody! Pls like this comment! Cheers","listText":"Hi everybody! Pls like this comment! Cheers","text":"Hi everybody! Pls like this comment! Cheers","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/602521849","repostId":"1180561055","repostType":4,"repost":{"id":"1180561055","kind":"news","pubTimestamp":1639043759,"share":"https://www.laohu8.com/m/news/1180561055?lang=zh_CN&edition=full","pubTime":"2021-12-09 17:55","market":"us","language":"en","title":"5 Stocks To Watch For December 9, 2021<blockquote>2021年12月9日值得关注的5只股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1180561055","media":"Benzinga","summary":"Wall Street expects Hormel Foods Corporation to report quarterly earnings at $0.50 per share on reve","content":"<p><div> Wall Street expects Hormel Foods Corporation to report quarterly earnings at $0.50 per share on revenue of $3.22 billion before the opening bell. Hormel Foods shares rose 0.5% to $43.00 in after-hours...</p><p><blockquote><div>华尔街预计荷美尔食品公司开盘前将公布季度收益为每股0.50美元，营收为32.2亿美元。荷美尔食品股价盘后上涨0.5%，至43.00美元...</div></blockquote></p><p>  <a href=\"https://www.benzinga.com/news/earnings/21/12/24518345/5-stocks-to-watch-for-december-9-2021\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.benzinga.com/news/earnings/21/12/24518345/5-stocks-to-watch-for-december-9-2021\">网页连接</a></blockquote></p><p></p>","source":"lsy1606299360108","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>5 Stocks To Watch For December 9, 2021<blockquote>2021年12月9日值得关注的5只股票</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\">\n5 Stocks To Watch For December 9, 2021<blockquote>2021年12月9日值得关注的5只股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Benzinga</strong><span class=\"h-time small\">2021-12-09 17:55</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> Wall Street expects Hormel Foods Corporation to report quarterly earnings at $0.50 per share on revenue of $3.22 billion before the opening bell. Hormel Foods shares rose 0.5% to $43.00 in after-hours...</p><p><blockquote><div>华尔街预计荷美尔食品公司开盘前将公布季度收益为每股0.50美元，营收为32.2亿美元。荷美尔食品股价盘后上涨0.5%，至43.00美元...</div></blockquote></p><p>  <a href=\"https://www.benzinga.com/news/earnings/21/12/24518345/5-stocks-to-watch-for-december-9-2021\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.benzinga.com/news/earnings/21/12/24518345/5-stocks-to-watch-for-december-9-2021\">网页连接</a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.benzinga.com/news/earnings/21/12/24518345/5-stocks-to-watch-for-december-9-2021\">Benzinga</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":{"COST":"好市多","GME":"游戏驿站","RH":"RH","AVGO":"博通","HRL":"荷美尔"},"source_url":"https://www.benzinga.com/news/earnings/21/12/24518345/5-stocks-to-watch-for-december-9-2021","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1180561055","content_text":"Wall Street expects Hormel Foods Corporation to report quarterly earnings at $0.50 per share on revenue of $3.22 billion before the opening bell. Hormel Foods shares rose 0.5% to $43.00 in after-hours trading.\nRH reported upbeat results for its third quarter and lifted the low end of its FY21 sales forecast. RH shares jumped 11.5% to $643.50 in the after-hours trading session.\nAnalysts are expecting Broadcom Inc. to have earned $7.74 per share on revenue of $7.36 billion for the latest quarter. The company will release earnings after the markets close. Broadcom shares slipped 0.1% to $588.00 in after-hours trading.\nGameStop Corp. reported a wider-than-expected loss for its fiscal third quarter on Wednesday. However, the company’s quarterly sales came in above analysts’ estimates. GameStop shares dropped 3.2% to $168.10 in the after-hours trading session.\nAnalysts expect Costco Wholesale Corporation to report quarterly earnings at $2.63 per share on revenue of $49.56 billion after the closing bell. Costco shares gained 0.1% to $530.50 in after-hours trading.","news_type":1,"symbols_score_info":{"RH":0.9,"GME":0.9,"AVGO":0.9,"BRCM":0.9,"HRL":0.9,"COST":0.9}},"isVote":1,"tweetType":1,"viewCount":899,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":602521976,"gmtCreate":1639044059015,"gmtModify":1639044059478,"author":{"id":"3572235673675008","authorId":"3572235673675008","name":"LEEQF","avatar":"https://static.tigerbbs.com/ead66a2c538631d15658309f808c7d40","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572235673675008","idStr":"3572235673675008"},"themes":[],"htmlText":"Hi! Can like this comment ?&nbsp;","listText":"Hi! Can like this comment ?&nbsp;","text":"Hi! Can like this comment ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/602521976","repostId":"1171554247","repostType":4,"isVote":1,"tweetType":1,"viewCount":713,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"hots":[{"id":104690526,"gmtCreate":1620381069465,"gmtModify":1634205644452,"author":{"id":"3572235673675008","authorId":"3572235673675008","name":"LEEQF","avatar":"https://static.tigerbbs.com/ead66a2c538631d15658309f808c7d40","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572235673675008","authorIdStr":"3572235673675008"},"themes":[],"htmlText":"Can help me like and comment?&nbsp;","listText":"Can help me like and comment?&nbsp;","text":"Can help me like and comment?","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":9,"commentSize":13,"repostSize":0,"link":"https://laohu8.com/post/104690526","repostId":"1157328258","repostType":4,"repost":{"id":"1157328258","kind":"news","pubTimestamp":1620360165,"share":"https://www.laohu8.com/m/news/1157328258?lang=zh_CN&edition=full","pubTime":"2021-05-07 12:02","market":"us","language":"en","title":"Amazon: The Most Clearly Undervalued Company<blockquote>亚马逊：最明显被低估的公司</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1157328258","media":"Seeking alpha","summary":"SummaryAmazon is one of the companies whose growth has not yet reached its limit and not even entere","content":"<p>Summary</p><p><blockquote>总结</blockquote></p><p><ul><li>Amazon is one of the companies whose growth has not yet reached its limit and not even entered the plateau phase.</li><li>In terms of comparative valuation, AMZN is undervalued against the market.</li><li>DCF-based Amazon stock price target suggests 30% upside potential. But I think this is not even a basic scenario, but a pessimistic scenario.</li></ul>I present my comprehensive Amazon (AMZN) analysis in light of the results of the last quarter.</p><p><blockquote><ul><li>亚马逊是增长尚未达到极限，甚至还没有进入平台期的公司之一。</li><li>就比较估值而言，AMZN相对于市场被低估。</li><li>基于DCF的亚马逊股价目标显示30%的上涨潜力。但我认为这甚至不是一个基本的情景，而是一个悲观的情景。</li></ul>我根据上个季度的业绩对亚马逊（AMZN）进行了全面的分析。</blockquote></p><p>#1 Price vs. Growth</p><p><blockquote>#1价格与增长</blockquote></p><p>First of all, let's assess whether we can statistically state that Amazon's growth has accelerated or slowed down in the last quarter. To do this, let's compare the revenue growth trends of the key segments of the company with and without the results of the last four quarters.</p><p><blockquote>首先，我们来评估一下我们是否可以从统计数据上说明亚马逊上个季度的增长是加速还是放缓。为此，让我们比较一下有和没有过去四个季度业绩的公司关键部门的收入增长趋势。</blockquote></p><p>The dynamics of the 'Online Stores' segment showed a qualitative breakthrough. Without taking into account the last four quarters, a near-linear trend was observed here. Now, it has become exponential:</p><p><blockquote>“在线商店”部分的动态显示出质的突破。在不考虑过去四个季度的情况下，这里观察到了接近线性的趋势。现在，它已经成为指数级增长：</blockquote></p><p><img src=\"https://static.tigerbbs.com/bac49a9df0e5b978dc15e20bedfce3da\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><i>Source: VisualizedAnalytics.com</i></p><p><blockquote><i>资料来源：VisualizedAnalytics.com</i></blockquote></p><p>The 'Third-Party Seller Services' segment - the exponential growth continues:</p><p><blockquote>“第三方卖家服务”细分市场——指数级增长仍在继续：</blockquote></p><p><img src=\"https://static.tigerbbs.com/6b58df42726bc01c8a5e5c2940d0476d\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><i>Source: VisualizedAnalytics.com</i></p><p><blockquote><i>资料来源：VisualizedAnalytics.com</i></blockquote></p><p>The 'Subscription Services' (Amazon Prime) segment - here the acceleration remains, and the result of the last quarter was better than the trend:</p><p><blockquote>“订阅服务”（Amazon Prime）细分市场——这里的加速仍然存在，上个季度的结果好于趋势：</blockquote></p><p><i>Source: VisualizedAnalytics.com</i></p><p><blockquote><i>资料来源：VisualizedAnalytics.com</i></blockquote></p><p>The 'Other' (advertising services) segment has also showed a significant acceleration:<img src=\"https://static.tigerbbs.com/a58095394bdd79d561166a74942a9e55\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"></p><p><blockquote>“其他”（广告服务）部门也显示出显着的加速：</blockquote></p><p><i>Source: VisualizedAnalytics.com</i></p><p><blockquote><i>资料来源：VisualizedAnalytics.com</i></blockquote></p><p>The growth trend of 'Amazon Web Services' has slowed down, but judging by the results of the last quarter, there is a gradual return to the previous trend:</p><p><blockquote>‘Amazon Web Services’的增长趋势有所放缓，但从上个季度的结果来看，有逐渐回归之前的趋势：</blockquote></p><p><img src=\"https://static.tigerbbs.com/07069ccaab37c32eed56da69881e7bce\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><i>Source: VisualizedAnalytics.com</i></p><p><blockquote><i>资料来源：VisualizedAnalytics.com</i></blockquote></p><p>Geographically, Amazon's revenue was also significantly better than the trend:</p><p><blockquote>从地域上看，亚马逊的营收也明显好于趋势：</blockquote></p><p><img src=\"https://static.tigerbbs.com/a1d9246e5c01aac6c62e49ad7cd73e2c\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/0e7276161a3d2b2159ab3d727d3cb7d9\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><i>Source: VisualizedAnalytics.com</i></p><p><blockquote><i>资料来源：VisualizedAnalytics.com</i></blockquote></p><p><i>So, statistically, not subjectively, we should recognize the acceleration of the company's growth</i><i><b>in all key segments</b></i><i>. In my opinion, this is exactly what is expected from Amazon.</i></p><p><blockquote><i>因此，从统计上，而不是主观上，我们应该认识到公司增长的加速</i><i><b>在所有关键细分市场</b></i><i>.在我看来，这正是人们对亚马逊的期望。</i></blockquote></p><p>Further. Over the last 10 years, Amazon's capitalization has been in a qualitative linear relationship with its revenue:</p><p><blockquote>更远地。在过去10年中，亚马逊的资本化与其收入呈定性线性关系：</blockquote></p><p><img src=\"https://static.tigerbbs.com/f105c314902d29dae4d0f0e400aa2245\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><i>Source: VisualizedAnalytics.com</i></p><p><blockquote><i>资料来源：VisualizedAnalytics.com</i></blockquote></p><p>There is also a certain influence of the company's revenue growth rate on its multiples:</p><p><blockquote>公司营收增速对其倍数也有一定影响：</blockquote></p><p><img src=\"https://static.tigerbbs.com/8beca01b5624a15aab79465c580ded6b\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><i>Source: VisualizedAnalytics.com</i></p><p><blockquote><i>资料来源：VisualizedAnalytics.com</i></blockquote></p><p>Based on these two relationships and taking into account the influence of the growth of theM2 money stockin the US, it is possible to build another model that allows us to determine the balanced level of the company's capitalization. In addition, this model allows to model the growth of the company's capitalization based on the current expectations of analysts regarding the company's revenue growth in the next four quarters. Here is this model:</p><p><blockquote>基于这两种关系，并考虑到美国货币存量增长的影响，有可能建立另一个模型，使我们能够确定公司资本化的平衡水平。此外，该模型允许根据分析师当前对公司未来四个季度收入增长的预期来模拟公司资本的增长。这是这个模型：</blockquote></p><p><img src=\"https://static.tigerbbs.com/083fa1dc350e5e54cc7d3145744c9e4c\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/d63f0cff5e0dd83343d26ee90552a033\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><i>Source: VisualizedAnalytics.com</i></p><p><blockquote><i>资料来源：VisualizedAnalytics.com</i></blockquote></p><p><i>As you can see, firstly, this model indicates that the company's current price is already</i><i><b>below the balanced level</b></i><i>. And secondly, it assumes a</i><i><b>25% growth</b></i><i>in capitalization in the next four quarters.</i></p><p><blockquote><i>正如你所看到的，首先，这个模型表明公司当前的价格已经</i><i><b>低于平衡水平</b></i><i>其次，它假设</i><i><b>25%增长</b></i><i>未来四个季度的资本化。</i></blockquote></p><p>#2 Comparative Valuation</p><p><blockquote>#2比较估值</blockquote></p><p>In the previous block, I modeled Amazon's balanced price based on revenue. What is remarkable is that if we apply the same approach to the comparative valuation of the company using multiples, we will fail. At least I have not been able to find a single revenue-based multiple that would make it possible to successfully compare Amazon to other companies. But the forward P/E (next FY) multiple adjusted by the expected EPS annual growth rate made it possible to find a suitable model:</p><p><blockquote>在上一个模块中，我根据收入对亚马逊的均衡价格进行了建模。值得注意的是，如果我们用同样的方法使用倍数对公司进行比较估值，我们就会失败。至少我还没有找到一个基于收入的倍数来成功地将亚马逊与其他公司进行比较。但根据预期每股收益年增长率调整后的远期市盈率（下一财年）倍数使得找到合适的模型成为可能：</blockquote></p><p></p><p><img src=\"https://static.tigerbbs.com/97ac0310bcef622e12c8c21d46979f7e\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/8d7573ff8a7fc00719a51042f09fc989\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><i>Source: VisualizedAnalytics.com</i></p><p><blockquote><i>资料来源：VisualizedAnalytics.com</i></blockquote></p><p><i>As you can see, judging by this multiple, Amazon is significantly undervalued.</i></p><p><blockquote><i>正如你所看到的，从这个倍数来看，亚马逊被严重低估了。</i></blockquote></p><p>#3 Discounted Cash Flow Model</p><p><blockquote>#3贴现现金流模型</blockquote></p><p>When predicting Amazon's revenue for the next decade, I proceeded from the average expectations ofanalysts:</p><p><blockquote>在预测亚马逊未来十年的收入时，我从分析师的平均预期出发：</blockquote></p><p><img src=\"https://static.tigerbbs.com/9f41298db73dbcd92469026cc4e767c4\" tg-width=\"640\" tg-height=\"323\" referrerpolicy=\"no-referrer\"><i>Source: Seeking Alpha Pro</i></p><p><blockquote><i>资料来源：寻求Alpha Pro</i></blockquote></p><p>When predicting the dynamics of Amazon's operating margin, I also proceeded from analysts'expectationsregarding the growth of the company's EPS, and taking into account the gradual increase in the tax rate to 25%. In my opinion, a gradual increase in the operating margin to 8% in the terminal year is a very realistic scenario.</p><p><blockquote>在预测亚马逊营业利润率的动态时，我也从分析师对公司每股收益增长的预期出发，并考虑到税率逐渐提高到25%。在我看来，在终端年将营业利润率逐步提高到8%是一个非常现实的情况。</blockquote></p><p>Here is the calculation of the Weighted Average Cost of Capital:</p><p><blockquote>以下是加权平均资本成本的计算：</blockquote></p><p><img src=\"https://static.tigerbbs.com/759163398701e54efd7cfabd11a0867d\" tg-width=\"480\" tg-height=\"374\" referrerpolicy=\"no-referrer\"><i>Source: Author</i></p><p><blockquote><i>来源：作者</i></blockquote></p><p>Some explanations:</p><p><blockquote>一些解释：</blockquote></p><p><ul><li>In order to calculate the market rate of return, I used values of equityriskpremium (4.72%) and the current yield of UST10 as a risk-free rate (1.6%).</li><li>I used the currentvalueof the three-year beta coefficient (0.92). For the terminal year, I used Beta equal to 1.</li><li>To calculate the Cost of Debt, I used the interest expense for 2019 and 2020 divided by the debt value for the same years.</li></ul>Here is the model itself:</p><p><blockquote><ul><li>为了计算市场回报率，我使用了equityriskpremium（4.72%）和UST10的当前收益率作为无风险利率（1.6%）。</li><li>我使用了三年贝塔系数的当前值（0.92）。在最后一年，我使用Beta等于1。</li><li>为了计算债务成本，我使用2019年和2020年的利息支出除以同年的债务价值。</li></ul>以下是模型本身：</blockquote></p><p><img src=\"https://static.tigerbbs.com/0df02bca01b3ef74d3b640d95eb00590\" tg-width=\"640\" tg-height=\"528\" referrerpolicy=\"no-referrer\">(In high resolution)</p><p><blockquote>（高分辨率）</blockquote></p><p><i>Source: Author</i></p><p><blockquote><i>来源：作者</i></blockquote></p><p><i>The DCF-based target price of Amazon's shares is $4,280, offering 29% upside.</i></p><p><blockquote><i>亚马逊股票基于DCF的目标价为4,280美元，上涨空间为29%。</i></blockquote></p><p>Final thoughts</p><p><blockquote>最后的想法</blockquote></p><p><ol><li>Amazon is one of the companies whose growth has not yet reached its limit and not even entered the plateau phase. In a sense, this is a startup with $73 billion cash.</li><li>The fact that Amazon remains in the acceleration phase does not mean that its capitalization is constantly undervalued. But in this case, based on the patterns between the company's capitalization and the parameters of its revenue, we can conclude that the company is<b>undervalued</b>.</li><li>Comparing Amazon to other companies through the prism of expected EPS growth, it must be admitted that the company is<b>much cheaper</b>than the market.</li><li>DCF model based on average expectations analysts indicate a 30% undervaluation. At the start of the year, a similarmodelindicated a 20% undervaluation.</li><li>When you look at Amazon's revenue forecast for the next decade, you realize that the company will face growth problems. But in my opinion,<i>it is better to invest in a company facing growth problems than aging problems</i>.</li></ol></p><p><blockquote><ol><li>亚马逊是增长尚未达到极限，甚至还没有进入平台期的公司之一。从某种意义上说，这是一家拥有730亿美元现金的初创公司。</li><li>亚马逊仍处于加速阶段的事实并不意味着其市值不断被低估。但在这种情况下，根据公司的资本化和收入参数之间的模式，我们可以得出结论，公司是<b>被低估</b>.</li><li>通过预期每股收益增长的棱镜将亚马逊与其他公司进行比较，必须承认该公司是<b>便宜多了</b>比市场。</li><li>基于平均预期的DCF模型分析师表示低估了30%。今年年初，类似的模型显示估值被低估了20%。</li><li>当你看亚马逊未来十年的收入预测时，你会意识到该公司将面临增长问题。但在我看来，<i>投资一家面临增长问题的公司比投资老龄化问题的公司更好</i>.</li></ol></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Amazon: The Most Clearly Undervalued Company<blockquote>亚马逊：最明显被低估的公司</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmazon: The Most Clearly Undervalued Company<blockquote>亚马逊：最明显被低估的公司</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Seeking alpha</strong><span class=\"h-time small\">2021-05-07 12:02</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Summary</p><p><blockquote>总结</blockquote></p><p><ul><li>Amazon is one of the companies whose growth has not yet reached its limit and not even entered the plateau phase.</li><li>In terms of comparative valuation, AMZN is undervalued against the market.</li><li>DCF-based Amazon stock price target suggests 30% upside potential. But I think this is not even a basic scenario, but a pessimistic scenario.</li></ul>I present my comprehensive Amazon (AMZN) analysis in light of the results of the last quarter.</p><p><blockquote><ul><li>亚马逊是增长尚未达到极限，甚至还没有进入平台期的公司之一。</li><li>就比较估值而言，AMZN相对于市场被低估。</li><li>基于DCF的亚马逊股价目标显示30%的上涨潜力。但我认为这甚至不是一个基本的情景，而是一个悲观的情景。</li></ul>我根据上个季度的业绩对亚马逊（AMZN）进行了全面的分析。</blockquote></p><p>#1 Price vs. Growth</p><p><blockquote>#1价格与增长</blockquote></p><p>First of all, let's assess whether we can statistically state that Amazon's growth has accelerated or slowed down in the last quarter. To do this, let's compare the revenue growth trends of the key segments of the company with and without the results of the last four quarters.</p><p><blockquote>首先，我们来评估一下我们是否可以从统计数据上说明亚马逊上个季度的增长是加速还是放缓。为此，让我们比较一下有和没有过去四个季度业绩的公司关键部门的收入增长趋势。</blockquote></p><p>The dynamics of the 'Online Stores' segment showed a qualitative breakthrough. Without taking into account the last four quarters, a near-linear trend was observed here. Now, it has become exponential:</p><p><blockquote>“在线商店”部分的动态显示出质的突破。在不考虑过去四个季度的情况下，这里观察到了接近线性的趋势。现在，它已经成为指数级增长：</blockquote></p><p><img src=\"https://static.tigerbbs.com/bac49a9df0e5b978dc15e20bedfce3da\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><i>Source: VisualizedAnalytics.com</i></p><p><blockquote><i>资料来源：VisualizedAnalytics.com</i></blockquote></p><p>The 'Third-Party Seller Services' segment - the exponential growth continues:</p><p><blockquote>“第三方卖家服务”细分市场——指数级增长仍在继续：</blockquote></p><p><img src=\"https://static.tigerbbs.com/6b58df42726bc01c8a5e5c2940d0476d\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><i>Source: VisualizedAnalytics.com</i></p><p><blockquote><i>资料来源：VisualizedAnalytics.com</i></blockquote></p><p>The 'Subscription Services' (Amazon Prime) segment - here the acceleration remains, and the result of the last quarter was better than the trend:</p><p><blockquote>“订阅服务”（Amazon Prime）细分市场——这里的加速仍然存在，上个季度的结果好于趋势：</blockquote></p><p><i>Source: VisualizedAnalytics.com</i></p><p><blockquote><i>资料来源：VisualizedAnalytics.com</i></blockquote></p><p>The 'Other' (advertising services) segment has also showed a significant acceleration:<img src=\"https://static.tigerbbs.com/a58095394bdd79d561166a74942a9e55\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"></p><p><blockquote>“其他”（广告服务）部门也显示出显着的加速：</blockquote></p><p><i>Source: VisualizedAnalytics.com</i></p><p><blockquote><i>资料来源：VisualizedAnalytics.com</i></blockquote></p><p>The growth trend of 'Amazon Web Services' has slowed down, but judging by the results of the last quarter, there is a gradual return to the previous trend:</p><p><blockquote>‘Amazon Web Services’的增长趋势有所放缓，但从上个季度的结果来看，有逐渐回归之前的趋势：</blockquote></p><p><img src=\"https://static.tigerbbs.com/07069ccaab37c32eed56da69881e7bce\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><i>Source: VisualizedAnalytics.com</i></p><p><blockquote><i>资料来源：VisualizedAnalytics.com</i></blockquote></p><p>Geographically, Amazon's revenue was also significantly better than the trend:</p><p><blockquote>从地域上看，亚马逊的营收也明显好于趋势：</blockquote></p><p><img src=\"https://static.tigerbbs.com/a1d9246e5c01aac6c62e49ad7cd73e2c\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/0e7276161a3d2b2159ab3d727d3cb7d9\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><i>Source: VisualizedAnalytics.com</i></p><p><blockquote><i>资料来源：VisualizedAnalytics.com</i></blockquote></p><p><i>So, statistically, not subjectively, we should recognize the acceleration of the company's growth</i><i><b>in all key segments</b></i><i>. In my opinion, this is exactly what is expected from Amazon.</i></p><p><blockquote><i>因此，从统计上，而不是主观上，我们应该认识到公司增长的加速</i><i><b>在所有关键细分市场</b></i><i>.在我看来，这正是人们对亚马逊的期望。</i></blockquote></p><p>Further. Over the last 10 years, Amazon's capitalization has been in a qualitative linear relationship with its revenue:</p><p><blockquote>更远地。在过去10年中，亚马逊的资本化与其收入呈定性线性关系：</blockquote></p><p><img src=\"https://static.tigerbbs.com/f105c314902d29dae4d0f0e400aa2245\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><i>Source: VisualizedAnalytics.com</i></p><p><blockquote><i>资料来源：VisualizedAnalytics.com</i></blockquote></p><p>There is also a certain influence of the company's revenue growth rate on its multiples:</p><p><blockquote>公司营收增速对其倍数也有一定影响：</blockquote></p><p><img src=\"https://static.tigerbbs.com/8beca01b5624a15aab79465c580ded6b\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><i>Source: VisualizedAnalytics.com</i></p><p><blockquote><i>资料来源：VisualizedAnalytics.com</i></blockquote></p><p>Based on these two relationships and taking into account the influence of the growth of theM2 money stockin the US, it is possible to build another model that allows us to determine the balanced level of the company's capitalization. In addition, this model allows to model the growth of the company's capitalization based on the current expectations of analysts regarding the company's revenue growth in the next four quarters. Here is this model:</p><p><blockquote>基于这两种关系，并考虑到美国货币存量增长的影响，有可能建立另一个模型，使我们能够确定公司资本化的平衡水平。此外，该模型允许根据分析师当前对公司未来四个季度收入增长的预期来模拟公司资本的增长。这是这个模型：</blockquote></p><p><img src=\"https://static.tigerbbs.com/083fa1dc350e5e54cc7d3145744c9e4c\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/d63f0cff5e0dd83343d26ee90552a033\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><i>Source: VisualizedAnalytics.com</i></p><p><blockquote><i>资料来源：VisualizedAnalytics.com</i></blockquote></p><p><i>As you can see, firstly, this model indicates that the company's current price is already</i><i><b>below the balanced level</b></i><i>. And secondly, it assumes a</i><i><b>25% growth</b></i><i>in capitalization in the next four quarters.</i></p><p><blockquote><i>正如你所看到的，首先，这个模型表明公司当前的价格已经</i><i><b>低于平衡水平</b></i><i>其次，它假设</i><i><b>25%增长</b></i><i>未来四个季度的资本化。</i></blockquote></p><p>#2 Comparative Valuation</p><p><blockquote>#2比较估值</blockquote></p><p>In the previous block, I modeled Amazon's balanced price based on revenue. What is remarkable is that if we apply the same approach to the comparative valuation of the company using multiples, we will fail. At least I have not been able to find a single revenue-based multiple that would make it possible to successfully compare Amazon to other companies. But the forward P/E (next FY) multiple adjusted by the expected EPS annual growth rate made it possible to find a suitable model:</p><p><blockquote>在上一个模块中，我根据收入对亚马逊的均衡价格进行了建模。值得注意的是，如果我们用同样的方法使用倍数对公司进行比较估值，我们就会失败。至少我还没有找到一个基于收入的倍数来成功地将亚马逊与其他公司进行比较。但根据预期每股收益年增长率调整后的远期市盈率（下一财年）倍数使得找到合适的模型成为可能：</blockquote></p><p></p><p><img src=\"https://static.tigerbbs.com/97ac0310bcef622e12c8c21d46979f7e\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/8d7573ff8a7fc00719a51042f09fc989\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><i>Source: VisualizedAnalytics.com</i></p><p><blockquote><i>资料来源：VisualizedAnalytics.com</i></blockquote></p><p><i>As you can see, judging by this multiple, Amazon is significantly undervalued.</i></p><p><blockquote><i>正如你所看到的，从这个倍数来看，亚马逊被严重低估了。</i></blockquote></p><p>#3 Discounted Cash Flow Model</p><p><blockquote>#3贴现现金流模型</blockquote></p><p>When predicting Amazon's revenue for the next decade, I proceeded from the average expectations ofanalysts:</p><p><blockquote>在预测亚马逊未来十年的收入时，我从分析师的平均预期出发：</blockquote></p><p><img src=\"https://static.tigerbbs.com/9f41298db73dbcd92469026cc4e767c4\" tg-width=\"640\" tg-height=\"323\" referrerpolicy=\"no-referrer\"><i>Source: Seeking Alpha Pro</i></p><p><blockquote><i>资料来源：寻求Alpha Pro</i></blockquote></p><p>When predicting the dynamics of Amazon's operating margin, I also proceeded from analysts'expectationsregarding the growth of the company's EPS, and taking into account the gradual increase in the tax rate to 25%. In my opinion, a gradual increase in the operating margin to 8% in the terminal year is a very realistic scenario.</p><p><blockquote>在预测亚马逊营业利润率的动态时，我也从分析师对公司每股收益增长的预期出发，并考虑到税率逐渐提高到25%。在我看来，在终端年将营业利润率逐步提高到8%是一个非常现实的情况。</blockquote></p><p>Here is the calculation of the Weighted Average Cost of Capital:</p><p><blockquote>以下是加权平均资本成本的计算：</blockquote></p><p><img src=\"https://static.tigerbbs.com/759163398701e54efd7cfabd11a0867d\" tg-width=\"480\" tg-height=\"374\" referrerpolicy=\"no-referrer\"><i>Source: Author</i></p><p><blockquote><i>来源：作者</i></blockquote></p><p>Some explanations:</p><p><blockquote>一些解释：</blockquote></p><p><ul><li>In order to calculate the market rate of return, I used values of equityriskpremium (4.72%) and the current yield of UST10 as a risk-free rate (1.6%).</li><li>I used the currentvalueof the three-year beta coefficient (0.92). For the terminal year, I used Beta equal to 1.</li><li>To calculate the Cost of Debt, I used the interest expense for 2019 and 2020 divided by the debt value for the same years.</li></ul>Here is the model itself:</p><p><blockquote><ul><li>为了计算市场回报率，我使用了equityriskpremium（4.72%）和UST10的当前收益率作为无风险利率（1.6%）。</li><li>我使用了三年贝塔系数的当前值（0.92）。在最后一年，我使用Beta等于1。</li><li>为了计算债务成本，我使用2019年和2020年的利息支出除以同年的债务价值。</li></ul>以下是模型本身：</blockquote></p><p><img src=\"https://static.tigerbbs.com/0df02bca01b3ef74d3b640d95eb00590\" tg-width=\"640\" tg-height=\"528\" referrerpolicy=\"no-referrer\">(In high resolution)</p><p><blockquote>（高分辨率）</blockquote></p><p><i>Source: Author</i></p><p><blockquote><i>来源：作者</i></blockquote></p><p><i>The DCF-based target price of Amazon's shares is $4,280, offering 29% upside.</i></p><p><blockquote><i>亚马逊股票基于DCF的目标价为4,280美元，上涨空间为29%。</i></blockquote></p><p>Final thoughts</p><p><blockquote>最后的想法</blockquote></p><p><ol><li>Amazon is one of the companies whose growth has not yet reached its limit and not even entered the plateau phase. In a sense, this is a startup with $73 billion cash.</li><li>The fact that Amazon remains in the acceleration phase does not mean that its capitalization is constantly undervalued. But in this case, based on the patterns between the company's capitalization and the parameters of its revenue, we can conclude that the company is<b>undervalued</b>.</li><li>Comparing Amazon to other companies through the prism of expected EPS growth, it must be admitted that the company is<b>much cheaper</b>than the market.</li><li>DCF model based on average expectations analysts indicate a 30% undervaluation. At the start of the year, a similarmodelindicated a 20% undervaluation.</li><li>When you look at Amazon's revenue forecast for the next decade, you realize that the company will face growth problems. But in my opinion,<i>it is better to invest in a company facing growth problems than aging problems</i>.</li></ol></p><p><blockquote><ol><li>亚马逊是增长尚未达到极限，甚至还没有进入平台期的公司之一。从某种意义上说，这是一家拥有730亿美元现金的初创公司。</li><li>亚马逊仍处于加速阶段的事实并不意味着其市值不断被低估。但在这种情况下，根据公司的资本化和收入参数之间的模式，我们可以得出结论，公司是<b>被低估</b>.</li><li>通过预期每股收益增长的棱镜将亚马逊与其他公司进行比较，必须承认该公司是<b>便宜多了</b>比市场。</li><li>基于平均预期的DCF模型分析师表示低估了30%。今年年初，类似的模型显示估值被低估了20%。</li><li>当你看亚马逊未来十年的收入预测时，你会意识到该公司将面临增长问题。但在我看来，<i>投资一家面临增长问题的公司比投资老龄化问题的公司更好</i>.</li></ol></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4424794-amazon-clearly-undervalued-company\">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":{"AMZN":"亚马逊"},"source_url":"https://seekingalpha.com/article/4424794-amazon-clearly-undervalued-company","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1157328258","content_text":"SummaryAmazon is one of the companies whose growth has not yet reached its limit and not even entered the plateau phase.In terms of comparative valuation, AMZN is undervalued against the market.DCF-based Amazon stock price target suggests 30% upside potential. But I think this is not even a basic scenario, but a pessimistic scenario.I present my comprehensive Amazon (AMZN) analysis in light of the results of the last quarter.#1 Price vs. GrowthFirst of all, let's assess whether we can statistically state that Amazon's growth has accelerated or slowed down in the last quarter. To do this, let's compare the revenue growth trends of the key segments of the company with and without the results of the last four quarters.The dynamics of the 'Online Stores' segment showed a qualitative breakthrough. Without taking into account the last four quarters, a near-linear trend was observed here. Now, it has become exponential:Source: VisualizedAnalytics.comThe 'Third-Party Seller Services' segment - the exponential growth continues:Source: VisualizedAnalytics.comThe 'Subscription Services' (Amazon Prime) segment - here the acceleration remains, and the result of the last quarter was better than the trend:Source: VisualizedAnalytics.comThe 'Other' (advertising services) segment has also showed a significant acceleration:Source: VisualizedAnalytics.comThe growth trend of 'Amazon Web Services' has slowed down, but judging by the results of the last quarter, there is a gradual return to the previous trend:Source: VisualizedAnalytics.comGeographically, Amazon's revenue was also significantly better than the trend:Source: VisualizedAnalytics.comSo, statistically, not subjectively, we should recognize the acceleration of the company's growthin all key segments. In my opinion, this is exactly what is expected from Amazon.Further. Over the last 10 years, Amazon's capitalization has been in a qualitative linear relationship with its revenue:Source: VisualizedAnalytics.comThere is also a certain influence of the company's revenue growth rate on its multiples:Source: VisualizedAnalytics.comBased on these two relationships and taking into account the influence of the growth of theM2 money stockin the US, it is possible to build another model that allows us to determine the balanced level of the company's capitalization. In addition, this model allows to model the growth of the company's capitalization based on the current expectations of analysts regarding the company's revenue growth in the next four quarters. Here is this model:Source: VisualizedAnalytics.comAs you can see, firstly, this model indicates that the company's current price is alreadybelow the balanced level. And secondly, it assumes a25% growthin capitalization in the next four quarters.#2 Comparative ValuationIn the previous block, I modeled Amazon's balanced price based on revenue. What is remarkable is that if we apply the same approach to the comparative valuation of the company using multiples, we will fail. At least I have not been able to find a single revenue-based multiple that would make it possible to successfully compare Amazon to other companies. But the forward P/E (next FY) multiple adjusted by the expected EPS annual growth rate made it possible to find a suitable model:Source: VisualizedAnalytics.comAs you can see, judging by this multiple, Amazon is significantly undervalued.#3 Discounted Cash Flow ModelWhen predicting Amazon's revenue for the next decade, I proceeded from the average expectations ofanalysts:Source: Seeking Alpha ProWhen predicting the dynamics of Amazon's operating margin, I also proceeded from analysts'expectationsregarding the growth of the company's EPS, and taking into account the gradual increase in the tax rate to 25%. In my opinion, a gradual increase in the operating margin to 8% in the terminal year is a very realistic scenario.Here is the calculation of the Weighted Average Cost of Capital:Source: AuthorSome explanations:In order to calculate the market rate of return, I used values of equityriskpremium (4.72%) and the current yield of UST10 as a risk-free rate (1.6%).I used the currentvalueof the three-year beta coefficient (0.92). For the terminal year, I used Beta equal to 1.To calculate the Cost of Debt, I used the interest expense for 2019 and 2020 divided by the debt value for the same years.Here is the model itself:(In high resolution)Source: AuthorThe DCF-based target price of Amazon's shares is $4,280, offering 29% upside.Final thoughtsAmazon is one of the companies whose growth has not yet reached its limit and not even entered the plateau phase. In a sense, this is a startup with $73 billion cash.The fact that Amazon remains in the acceleration phase does not mean that its capitalization is constantly undervalued. But in this case, based on the patterns between the company's capitalization and the parameters of its revenue, we can conclude that the company isundervalued.Comparing Amazon to other companies through the prism of expected EPS growth, it must be admitted that the company ismuch cheaperthan the market.DCF model based on average expectations analysts indicate a 30% undervaluation. At the start of the year, a similarmodelindicated a 20% undervaluation.When you look at Amazon's revenue forecast for the next decade, you realize that the company will face growth problems. But in my opinion,it is better to invest in a company facing growth problems than aging problems.","news_type":1,"symbols_score_info":{"AMZN":0.9}},"isVote":1,"tweetType":1,"viewCount":525,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":193218829,"gmtCreate":1620790166361,"gmtModify":1634196270537,"author":{"id":"3572235673675008","authorId":"3572235673675008","name":"LEEQF","avatar":"https://static.tigerbbs.com/ead66a2c538631d15658309f808c7d40","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572235673675008","authorIdStr":"3572235673675008"},"themes":[],"htmlText":"Hi All like n comment","listText":"Hi All like n comment","text":"Hi All like n comment","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":7,"commentSize":11,"repostSize":0,"link":"https://laohu8.com/post/193218829","repostId":"2134350698","repostType":4,"isVote":1,"tweetType":1,"viewCount":268,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":198218009,"gmtCreate":1620960708601,"gmtModify":1634194934826,"author":{"id":"3572235673675008","authorId":"3572235673675008","name":"LEEQF","avatar":"https://static.tigerbbs.com/ead66a2c538631d15658309f808c7d40","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572235673675008","authorIdStr":"3572235673675008"},"themes":[],"htmlText":"Help reply me here thank you bosses!!&nbsp;","listText":"Help reply me here thank you bosses!!&nbsp;","text":"Help reply me here thank you bosses!!","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":6,"commentSize":8,"repostSize":0,"link":"https://laohu8.com/post/198218009","repostId":"1139834655","repostType":4,"isVote":1,"tweetType":1,"viewCount":579,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":128683185,"gmtCreate":1624513640047,"gmtModify":1634004996632,"author":{"id":"3572235673675008","authorId":"3572235673675008","name":"LEEQF","avatar":"https://static.tigerbbs.com/ead66a2c538631d15658309f808c7d40","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572235673675008","authorIdStr":"3572235673675008"},"themes":[],"htmlText":"Can help me like this comment please?&nbsp;","listText":"Can help me like this comment please?&nbsp;","text":"Can help me like this comment please?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":10,"repostSize":0,"link":"https://laohu8.com/post/128683185","repostId":"1148268309","repostType":4,"isVote":1,"tweetType":1,"viewCount":357,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":138846221,"gmtCreate":1621930236763,"gmtModify":1634185409526,"author":{"id":"3572235673675008","authorId":"3572235673675008","name":"LEEQF","avatar":"https://static.tigerbbs.com/ead66a2c538631d15658309f808c7d40","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572235673675008","authorIdStr":"3572235673675008"},"themes":[],"htmlText":"Wahahahhahahahahahahha","listText":"Wahahahhahahahahahahha","text":"Wahahahhahahahahahahha","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":10,"repostSize":0,"link":"https://laohu8.com/post/138846221","repostId":"1124327854","repostType":4,"repost":{"id":"1124327854","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":1621929901,"share":"https://www.laohu8.com/m/news/1124327854?lang=zh_CN&edition=full","pubTime":"2021-05-25 16:05","market":"us","language":"en","title":"BEKE shares fell nearly 10% in pre-market<blockquote>BEKE股价盘前下跌近10%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1124327854","media":"Tiger Newspress","summary":"BEKE shares fell nearly 10% in pre-market.China's market regulator has begun an investigation into s","content":"<p>BEKE&nbsp;shares&nbsp;fell&nbsp;nearly 10% in pre-market.</p><p><blockquote>BEKE股价盘前跌近10%。</blockquote></p><p><img src=\"https://static.tigerbbs.com/a34e20688e9fc7d9b79b31f71e6ee486\" tg-width=\"1286\" tg-height=\"641\" referrerpolicy=\"no-referrer\">China's market regulator has begun an investigation into suspected anti-competitive practices by KE Holdings, the country's biggest housing broker whose top backer is Tencent Holdings, two people who know of the matter said.</p><p><blockquote>两名知情人士称，中国市场监管机构已开始对中国最大的房地产经纪公司贝壳控股涉嫌反竞争行为进行调查，其最大支持者是腾讯控股控股。</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>BEKE shares fell nearly 10% in pre-market<blockquote>BEKE股价盘前下跌近10%</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; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBEKE shares fell nearly 10% in pre-market<blockquote>BEKE股价盘前下跌近10%</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\">2021-05-25 16:05</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>BEKE&nbsp;shares&nbsp;fell&nbsp;nearly 10% in pre-market.</p><p><blockquote>BEKE股价盘前跌近10%。</blockquote></p><p><img src=\"https://static.tigerbbs.com/a34e20688e9fc7d9b79b31f71e6ee486\" tg-width=\"1286\" tg-height=\"641\" referrerpolicy=\"no-referrer\">China's market regulator has begun an investigation into suspected anti-competitive practices by KE Holdings, the country's biggest housing broker whose top backer is Tencent Holdings, two people who know of the matter said.</p><p><blockquote>两名知情人士称，中国市场监管机构已开始对中国最大的房地产经纪公司贝壳控股涉嫌反竞争行为进行调查，其最大支持者是腾讯控股控股。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BEKE":"贝壳"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1124327854","content_text":"BEKE shares fell nearly 10% in pre-market.China's market regulator has begun an investigation into suspected anti-competitive practices by KE Holdings, the country's biggest housing broker whose top backer is Tencent Holdings, two people who know of the matter said.","news_type":1,"symbols_score_info":{"BEKE":0.9}},"isVote":1,"tweetType":1,"viewCount":299,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":898290348,"gmtCreate":1628498262684,"gmtModify":1633746666032,"author":{"id":"3572235673675008","authorId":"3572235673675008","name":"LEEQF","avatar":"https://static.tigerbbs.com/ead66a2c538631d15658309f808c7d40","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572235673675008","authorIdStr":"3572235673675008"},"themes":[],"htmlText":"Can help me like this comment please? Thank you very much guys!!","listText":"Can help me like this comment please? Thank you very much guys!!","text":"Can help me like this comment please? Thank you very much guys!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":6,"repostSize":0,"link":"https://laohu8.com/post/898290348","repostId":"2157492988","repostType":4,"isVote":1,"tweetType":1,"viewCount":523,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":807086342,"gmtCreate":1627989029186,"gmtModify":1633754625261,"author":{"id":"3572235673675008","authorId":"3572235673675008","name":"LEEQF","avatar":"https://static.tigerbbs.com/ead66a2c538631d15658309f808c7d40","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572235673675008","authorIdStr":"3572235673675008"},"themes":[],"htmlText":"Help me like pls!","listText":"Help me like pls!","text":"Help me like pls!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":15,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/807086342","repostId":"1169635195","repostType":4,"repost":{"id":"1169635195","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":1627988246,"share":"https://www.laohu8.com/m/news/1169635195?lang=zh_CN&edition=full","pubTime":"2021-08-03 18:57","market":"hk","language":"en","title":"Alibaba EPS beats by RMB2.27, misses on revenue<blockquote>阿里巴巴-SW每股收益超过预期人民币2.27元、营收不及预期</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1169635195","media":"Tiger Newspress","summary":" $Alibaba$ posted financial result in premarket, which showed that:. Alibaba Q1 revenue RMB205.74 bln vs. RMB153.75 bln a year ago; FactSet consensus RMB209.11 bln.Alibaba Q1 adj. EPS RMB16.60 vs. RMB14.82 a year ago; FactSet consensus RMB14.33.Revenue was RMB205,740 million , an increase of 34% year-over-year. Excluding the consolidation of Sun Art, our revenue would have grown 22% year-over-year to RMB187,306 million .Annual active consumersof the Alibaba Ecosystem across the world reached app","content":"<p>(August 3)&nbsp;<a href=\"https://laohu8.com/S/BABA\">Alibaba</a> posted&nbsp;financial&nbsp;result&nbsp;in&nbsp;premarket,&nbsp;which&nbsp;showed&nbsp;that:</p><p><blockquote>（8月3日）<a href=\"https://laohu8.com/S/BABA\">阿里巴巴-SW</a>盘前公布的财务业绩显示：</blockquote></p><p> Alibaba Q1 revenue RMB205.74 bln vs. RMB153.75 bln a year ago; FactSet consensus RMB209.11 bln.</p><p><blockquote>阿里巴巴-SW第一季度营收为人民币2057.4亿元，去年同期为人民币1537.5亿元；FactSet共识为人民币2091.1亿元。</blockquote></p><p> Alibaba Q1 adj. EPS RMB16.60 vs. RMB14.82 a year ago; FactSet consensus RMB14.33.</p><p><blockquote>阿里巴巴-SW第一季度调整后。每股收益为人民币16.60元，去年同期为人民币14.82元；FactSet共识人民币14.33元。</blockquote></p><p> <b>BUSINESS HIGHLIGHTS</b></p><p><blockquote><b>业务亮点</b></blockquote></p><p> <b>In the quarter ended June 30, 2021:</b></p><p><blockquote><b>截至2021年6月30日的季度：</b></blockquote></p><p> <ul>  <li><b>Revenue</b>&nbsp;was RMB205,740 million (US$31,865 million), an increase of 34% year-over-year. Excluding the consolidation of Sun Art, our revenue would have grown 22% year-over-year to RMB187,306 million (US$29,010 million).</li>  <li><b>Annual active consumers</b>of the Alibaba Ecosystem across the world reached approximately 1.18 billion for the twelve months ended June 30, 2021, an increase of 45 million from the twelve months ended March 31, 2021. This includes 912 million consumers in China1and 265 million consumers overseas served by Lazada, AliExpress, Trendyol and Daraz.</li>  <li><b>Income from operations</b>&nbsp;was RMB30,847 million (US$4,778 million), a decrease of 11% year-over-year.<b>Adjusted EBITDA</b>, a non-GAAP measurement, decreased 5% year-over-year to RMB48,628 million (US$7,532 million).<b>Adjusted EBITA</b>, a non-GAAP measurement, decreased 8% year-over-year to RMB41,731 million (US$6,463 million). The year-over-year decreases were primarily due to our investments in strategic areas to capture incremental opportunities, such as Community Marketplaces, Taobao Deals, Local Consumer Services and Lazada, as well as our increased spending on growth initiatives within China retail marketplaces, such as Idle Fish and Taobao Live, and our support to merchants.</li>  <li><b>Net income attributable to ordinary shareholders</b>&nbsp;was RMB45,141 million (US$6,991 million),and<b>net income</b>was RMB42,835 million (US$6,634 million).<b>Non-GAAP net income</b>&nbsp;was RMB43,441 million (US$6,728 million), an increase of 10% year-over-year, mainly due to an increase in share of profit of equity method investees.</li>  <li><b>Diluted earnings per ADS</b>&nbsp;was RMB16.38 (US$2.54) and<b>diluted earnings per share</b>was RMB2.05 (US$0.32 or HK$2.46).<b>Non-GAAP diluted earnings per ADS</b>was RMB16.60 (US$2.57), an increase of 12% year-over-year and<b>non-GAAP diluted earnings per share</b>was RMB2.08 (US$0.32 or HK$2.50), an increase of 12% year-over-year.</li>  <li><b>Net cashprovided by operating activities</b>&nbsp;was RMB33,603 million (US$5,204 million).<b>Non-GAAP free cash flow</b>was RMB20,683 million (US$3,203 million), a decrease compared to RMB36,570 million in the same quarter of 2020, mainly due to the partial settlement in the amount of RMB9,114 million (US$1,412 million) of the RMB18,228 million fine levied earlier this year by China’s State Administration for Market Regulation pursuant to China’s Anti-monopoly Law (the “Anti-monopoly Fine”) and a decrease in profit as a result of our investments in key strategic areas.</li> </ul> <img src=\"https://static.tigerbbs.com/11aa08a1ccb4f80e6867c7e7631297c8\" tg-width=\"719\" tg-height=\"863\" referrerpolicy=\"no-referrer\"></p><p><blockquote><ul><li><b>收入</b>为人民币2,057.40百万元（318.65亿美元），同比增长34%。如果不包括合并高鑫，我们的收入将同比增长22%至人民币1,873.06亿元（290.1亿美元）。</li><li><b>年度活跃消费者</b>截至2021年6月30日止十二个月，全球阿里巴巴-SW生态系统的总用户数达到约11.8亿，较截至2021年3月31日止十二个月增加4500万。这包括Lazada、全球速卖通、Trendyol和Daraz服务的中国9.12亿消费者1和海外2.65亿消费者。</li><li><b>营业收入</b>为人民币308.47亿元（47.78亿美元），同比下降11%。<b>调整后EBITDA</b>根据非公认会计准则衡量，同比下降5%至人民币486.28亿元（75.32亿美元）。<b>调整后EBITA</b>根据非公认会计准则衡量，同比下降8%至人民币417.31亿元（64.63亿美元）。同比下降主要是由于我们在战略领域的投资以捕捉增量机会，例如社区市场、淘宝交易、本地消费者服务和Lazada，以及我们在中国零售市场增长计划上的支出增加，例如闲鱼和淘宝直播，以及我们对商家的支持。</li><li><b>归属于普通股股东的净利润</b>为人民币451.41亿元（69.91亿美元），及<b>净收入</b>为人民币428.35亿元（66.34亿美元）。<b>非公认会计准则净利润</b>为人民币434.41亿元（67.28亿美元），同比增长10%，主要是由于权益法被投资方利润份额增加。</li><li><b>每股美国存托凭证摊薄收益</b>为人民币16.38元（2.54美元）<b>每股摊薄盈利</b>为人民币2.05元（0.32美元或2.46港元）。<b>非公认会计准则每股美国存托凭证摊薄收益</b>为人民币16.60元（2.57美元），同比增长12%<b>非公认会计准则稀释每股收益</b>为人民币2.08元（0.32美元或2.50港元），同比增长12%。</li><li><b>经营活动提供的现金净额</b>为人民币336.03亿元（52.04亿美元）。<b>非公认会计准则自由现金流</b>为人民币206.83亿元（32.03亿美元），较2020年同季度的人民币365.70亿元有所下降，主要是由于部分结清了今年早些时候中国国家市场监督管理总局根据中国反垄断法征收的人民币182.28亿元罚款（“反垄断法罚款”）中的人民币91.14亿元（14.12亿美元）以及我们在关键战略领域的投资导致利润减少。</li></ul></blockquote></p><p> <b>China Retail Marketplaces</b></p><p><blockquote><b>中国零售市场</b></blockquote></p><p> In June 2021, Alibaba's China retail marketplaces had 939 million mobile MAUs, representing a quarterly net increase of 14 million.</p><p><blockquote>2021年6月，阿里巴巴-SW中国零售市场的移动月活跃用户数为9.39亿，季度净增1400万。</blockquote></p><p> <b>Cloud Computing</b></p><p><blockquote><b>云计算</b></blockquote></p><p> In the June 2021 quarter, our cloud computing revenue grew 29% year-over-year to RMB16,051 million (US$2,486 million), primarily driven by robust growth in revenue from customers in the Internet, financial services and retail industries.</p><p><blockquote>2021年6月季度，我们的云计算收入同比增长29%至人民币160.51亿元（24.86亿美元），主要得益于互联网、金融服务和零售行业客户收入的强劲增长。</blockquote></p><p> <b>Cash Flow from Operating Activities and Free Cash Flow</b></p><p><blockquote><b>经营活动产生的现金流量和自由现金流量</b></blockquote></p><p> In the quarter ended June 30, 2021, net cash provided by operating activities was RMB33,603 million (US$5,204 million), a decrease compared to RMB50,099 million in the same quarter of 2020. Free cash flow, a non-GAAP measurement of liquidity, decreased to RMB20,683 million (US$3,203 million), from RMB36,570 million in the same quarter of 2020. The year-over-year decreases were mainly due to the partial settlement in the amount of RMB9,114 million (US$1,412 million) of the RMB18,228 million Anti-monopoly Fine and a decrease in profit as a result of our investments in key strategic areas. A reconciliation of net cash provided by operating activities to free cash flow is included at the end of this results announcement.</p><p><blockquote>截至2021年6月30日的季度，经营活动提供的净现金为人民币336.03亿元（52.04亿美元），较2020年同季度的人民币500.99亿元有所下降。自由现金流（衡量流动性的非公认会计准则衡量标准）从2020年同季度的人民币365.7亿元下降至人民币206.83亿元（32.03亿美元）。同比下降主要是由于部分和解了人民币182.28亿元的反垄断罚款中的人民币91.14亿元（14.12亿美元），以及我们在关键战略领域的投资导致利润减少。经营活动提供的净现金与自由现金流的调节表包含在本业绩公告的末尾。</blockquote></p><p> <b>Increasing Share Repurchases</b></p><p><blockquote><b>增加股票回购</b></blockquote></p><p> Since April 1, 2021 and through the publication of this results announcement, we repurchased approximately 18.1 million of our ADSs (the equivalent of approximately 144.5 million of our ordinary shares) for approximately US$3,680 million under our share repurchase program. In addition, on August 2, 2021, our board of directors authorized the Company to upsize our Company's share repurchase program from US$10 billion to US$15 billion. This share repurchase program will be effective through the end of 2022.</p><p><blockquote>自2021年4月1日起及透过刊发本业绩公告，我们根据股份回购计划以约36.8亿美元回购约18.1百万股美国存讬股（相当于约144.5百万股普通股）。此外，2021年8月2日，我们的董事会授权公司将我们公司的股票回购计划规模从100亿美元扩大到150亿美元。该股票回购计划将于2022年底生效。</blockquote></p><p></p><p> <img src=\"https://static.tigerbbs.com/58bf53593de78f5f6e4fa1096d7aae94\" tg-width=\"757\" tg-height=\"793\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> We are increasing our share repurchase program from US$10 billion to US$15 billion, the largest share repurchase program in the Company’s history, because we are confident of our long-term growth prospects. Our net cash position remains strong and we have repurchased approximately US$3.7 billion of our ADSs since April 1, 2021.”</p><p><blockquote>我们正在将股票回购计划从100亿美元增加到150亿美元，这是公司历史上最大的股票回购计划，因为我们对我们的长期增长前景充满信心。我们的净现金状况仍然强劲，自2021年4月1日以来，我们已回购了约37亿美元的ADS。”</blockquote></p><p> In June 2021, our China retail marketplaces had 939 million mobile MAUs, representing a quarterly net increase of 14 million. We continue to increase penetration in less-developed areas, reflecting our success in broadening product offerings to meet diverse consumer demand.</p><p><blockquote>2021年6月，我们的中国零售市场拥有9.39亿移动月活跃用户数，季度净增1400万。我们继续提高在欠发达地区的渗透率，反映我们在扩大产品供应以满足多样化消费者需求方面取得的成功。</blockquote></p><p> “Alibaba started the new fiscal year by delivering a healthy quarter. For the June quarter, global annual active consumers across the Alibaba Ecosystem reached 1.18 billion, an increase of 45 million from the March quarter, which includes 912 million consumers in China. Over more than twenty years of growth, we have developed a company that spans across both consumer and industrial Internet, with multiple engines driving our long-term growth,” said Daniel Zhang, Chairman and Chief Executive Officer of Alibaba Group. “We believe in the growth of the Chinese economy and long-term value creation of Alibaba, and we will continue to strengthen our technology advantage in improving the consumer experience and helping our enterprise customers to accomplish successful digital transformations.”</p><p><blockquote>张勇集团董事长兼首席执行官阿里巴巴-SW表示：“阿里巴巴-SW以健康的季度开局新财年。在6月季度，阿里巴巴-SW生态系统的全球年度活跃消费者达到11.8亿，比3月季度增加了4500万，其中包括9.12亿中国消费者。经过二十多年的增长，我们已经发展出一家横跨消费互联网和工业互联网的公司，多个引擎推动我们的长期增长。”“我们相信中国经济的增长和阿里巴巴-SW的长期价值创造，我们将继续加强我们在改善消费者体验和帮助企业客户成功完成数字化转型方面的技术优势。”</blockquote></p><p> “We delivered strong revenue growth of 34% year-over-year. As we said in last quarter's results announcement, we are investing our excess profits and additional capital to support our merchants and invest in strategic areas to better serve customers and penetrate into new addressable markets,” said Maggie Wu, Chief Financial Officer of Alibaba Group. “We are increasing our share repurchase program from US$10 billion to US$15 billion, the largest share repurchase program in the Company’s history, because we are confident of our long-term growth prospects. Our net cash position remains strong and we have repurchased approximately US$3.7 billion of our ADSs since April 1, 2021.”</p><p><blockquote>“我们实现了34%的强劲收入增长。正如我们在上季度业绩公告中所说，我们正在投资超额利润和额外资本来支持我们的商家，并投资于战略领域，以更好地服务客户并渗透到新的潜在市场，”阿里巴巴-SW集团首席财务官Maggie Wu表示。“我们正在将股票回购计划从100亿美元增加到150亿美元，这是公司历史上最大的股票回购计划，因为我们对我们的长期增长前景充满信心。我们的净现金状况仍然强劲，自2021年4月1日以来，我们已经回购了约37亿美元的ADS。”</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>Alibaba EPS beats by RMB2.27, misses on revenue<blockquote>阿里巴巴-SW每股收益超过预期人民币2.27元、营收不及预期</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\">\nAlibaba EPS beats by RMB2.27, misses on revenue<blockquote>阿里巴巴-SW每股收益超过预期人民币2.27元、营收不及预期</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\">2021-08-03 18:57</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>(August 3)&nbsp;<a href=\"https://laohu8.com/S/BABA\">Alibaba</a> posted&nbsp;financial&nbsp;result&nbsp;in&nbsp;premarket,&nbsp;which&nbsp;showed&nbsp;that:</p><p><blockquote>（8月3日）<a href=\"https://laohu8.com/S/BABA\">阿里巴巴-SW</a>盘前公布的财务业绩显示：</blockquote></p><p> Alibaba Q1 revenue RMB205.74 bln vs. RMB153.75 bln a year ago; FactSet consensus RMB209.11 bln.</p><p><blockquote>阿里巴巴-SW第一季度营收为人民币2057.4亿元，去年同期为人民币1537.5亿元；FactSet共识为人民币2091.1亿元。</blockquote></p><p> Alibaba Q1 adj. EPS RMB16.60 vs. RMB14.82 a year ago; FactSet consensus RMB14.33.</p><p><blockquote>阿里巴巴-SW第一季度调整后。每股收益为人民币16.60元，去年同期为人民币14.82元；FactSet共识人民币14.33元。</blockquote></p><p> <b>BUSINESS HIGHLIGHTS</b></p><p><blockquote><b>业务亮点</b></blockquote></p><p> <b>In the quarter ended June 30, 2021:</b></p><p><blockquote><b>截至2021年6月30日的季度：</b></blockquote></p><p> <ul>  <li><b>Revenue</b>&nbsp;was RMB205,740 million (US$31,865 million), an increase of 34% year-over-year. Excluding the consolidation of Sun Art, our revenue would have grown 22% year-over-year to RMB187,306 million (US$29,010 million).</li>  <li><b>Annual active consumers</b>of the Alibaba Ecosystem across the world reached approximately 1.18 billion for the twelve months ended June 30, 2021, an increase of 45 million from the twelve months ended March 31, 2021. This includes 912 million consumers in China1and 265 million consumers overseas served by Lazada, AliExpress, Trendyol and Daraz.</li>  <li><b>Income from operations</b>&nbsp;was RMB30,847 million (US$4,778 million), a decrease of 11% year-over-year.<b>Adjusted EBITDA</b>, a non-GAAP measurement, decreased 5% year-over-year to RMB48,628 million (US$7,532 million).<b>Adjusted EBITA</b>, a non-GAAP measurement, decreased 8% year-over-year to RMB41,731 million (US$6,463 million). The year-over-year decreases were primarily due to our investments in strategic areas to capture incremental opportunities, such as Community Marketplaces, Taobao Deals, Local Consumer Services and Lazada, as well as our increased spending on growth initiatives within China retail marketplaces, such as Idle Fish and Taobao Live, and our support to merchants.</li>  <li><b>Net income attributable to ordinary shareholders</b>&nbsp;was RMB45,141 million (US$6,991 million),and<b>net income</b>was RMB42,835 million (US$6,634 million).<b>Non-GAAP net income</b>&nbsp;was RMB43,441 million (US$6,728 million), an increase of 10% year-over-year, mainly due to an increase in share of profit of equity method investees.</li>  <li><b>Diluted earnings per ADS</b>&nbsp;was RMB16.38 (US$2.54) and<b>diluted earnings per share</b>was RMB2.05 (US$0.32 or HK$2.46).<b>Non-GAAP diluted earnings per ADS</b>was RMB16.60 (US$2.57), an increase of 12% year-over-year and<b>non-GAAP diluted earnings per share</b>was RMB2.08 (US$0.32 or HK$2.50), an increase of 12% year-over-year.</li>  <li><b>Net cashprovided by operating activities</b>&nbsp;was RMB33,603 million (US$5,204 million).<b>Non-GAAP free cash flow</b>was RMB20,683 million (US$3,203 million), a decrease compared to RMB36,570 million in the same quarter of 2020, mainly due to the partial settlement in the amount of RMB9,114 million (US$1,412 million) of the RMB18,228 million fine levied earlier this year by China’s State Administration for Market Regulation pursuant to China’s Anti-monopoly Law (the “Anti-monopoly Fine”) and a decrease in profit as a result of our investments in key strategic areas.</li> </ul> <img src=\"https://static.tigerbbs.com/11aa08a1ccb4f80e6867c7e7631297c8\" tg-width=\"719\" tg-height=\"863\" referrerpolicy=\"no-referrer\"></p><p><blockquote><ul><li><b>收入</b>为人民币2,057.40百万元（318.65亿美元），同比增长34%。如果不包括合并高鑫，我们的收入将同比增长22%至人民币1,873.06亿元（290.1亿美元）。</li><li><b>年度活跃消费者</b>截至2021年6月30日止十二个月，全球阿里巴巴-SW生态系统的总用户数达到约11.8亿，较截至2021年3月31日止十二个月增加4500万。这包括Lazada、全球速卖通、Trendyol和Daraz服务的中国9.12亿消费者1和海外2.65亿消费者。</li><li><b>营业收入</b>为人民币308.47亿元（47.78亿美元），同比下降11%。<b>调整后EBITDA</b>根据非公认会计准则衡量，同比下降5%至人民币486.28亿元（75.32亿美元）。<b>调整后EBITA</b>根据非公认会计准则衡量，同比下降8%至人民币417.31亿元（64.63亿美元）。同比下降主要是由于我们在战略领域的投资以捕捉增量机会，例如社区市场、淘宝交易、本地消费者服务和Lazada，以及我们在中国零售市场增长计划上的支出增加，例如闲鱼和淘宝直播，以及我们对商家的支持。</li><li><b>归属于普通股股东的净利润</b>为人民币451.41亿元（69.91亿美元），及<b>净收入</b>为人民币428.35亿元（66.34亿美元）。<b>非公认会计准则净利润</b>为人民币434.41亿元（67.28亿美元），同比增长10%，主要是由于权益法被投资方利润份额增加。</li><li><b>每股美国存托凭证摊薄收益</b>为人民币16.38元（2.54美元）<b>每股摊薄盈利</b>为人民币2.05元（0.32美元或2.46港元）。<b>非公认会计准则每股美国存托凭证摊薄收益</b>为人民币16.60元（2.57美元），同比增长12%<b>非公认会计准则稀释每股收益</b>为人民币2.08元（0.32美元或2.50港元），同比增长12%。</li><li><b>经营活动提供的现金净额</b>为人民币336.03亿元（52.04亿美元）。<b>非公认会计准则自由现金流</b>为人民币206.83亿元（32.03亿美元），较2020年同季度的人民币365.70亿元有所下降，主要是由于部分结清了今年早些时候中国国家市场监督管理总局根据中国反垄断法征收的人民币182.28亿元罚款（“反垄断法罚款”）中的人民币91.14亿元（14.12亿美元）以及我们在关键战略领域的投资导致利润减少。</li></ul></blockquote></p><p> <b>China Retail Marketplaces</b></p><p><blockquote><b>中国零售市场</b></blockquote></p><p> In June 2021, Alibaba's China retail marketplaces had 939 million mobile MAUs, representing a quarterly net increase of 14 million.</p><p><blockquote>2021年6月，阿里巴巴-SW中国零售市场的移动月活跃用户数为9.39亿，季度净增1400万。</blockquote></p><p> <b>Cloud Computing</b></p><p><blockquote><b>云计算</b></blockquote></p><p> In the June 2021 quarter, our cloud computing revenue grew 29% year-over-year to RMB16,051 million (US$2,486 million), primarily driven by robust growth in revenue from customers in the Internet, financial services and retail industries.</p><p><blockquote>2021年6月季度，我们的云计算收入同比增长29%至人民币160.51亿元（24.86亿美元），主要得益于互联网、金融服务和零售行业客户收入的强劲增长。</blockquote></p><p> <b>Cash Flow from Operating Activities and Free Cash Flow</b></p><p><blockquote><b>经营活动产生的现金流量和自由现金流量</b></blockquote></p><p> In the quarter ended June 30, 2021, net cash provided by operating activities was RMB33,603 million (US$5,204 million), a decrease compared to RMB50,099 million in the same quarter of 2020. Free cash flow, a non-GAAP measurement of liquidity, decreased to RMB20,683 million (US$3,203 million), from RMB36,570 million in the same quarter of 2020. The year-over-year decreases were mainly due to the partial settlement in the amount of RMB9,114 million (US$1,412 million) of the RMB18,228 million Anti-monopoly Fine and a decrease in profit as a result of our investments in key strategic areas. A reconciliation of net cash provided by operating activities to free cash flow is included at the end of this results announcement.</p><p><blockquote>截至2021年6月30日的季度，经营活动提供的净现金为人民币336.03亿元（52.04亿美元），较2020年同季度的人民币500.99亿元有所下降。自由现金流（衡量流动性的非公认会计准则衡量标准）从2020年同季度的人民币365.7亿元下降至人民币206.83亿元（32.03亿美元）。同比下降主要是由于部分和解了人民币182.28亿元的反垄断罚款中的人民币91.14亿元（14.12亿美元），以及我们在关键战略领域的投资导致利润减少。经营活动提供的净现金与自由现金流的调节表包含在本业绩公告的末尾。</blockquote></p><p> <b>Increasing Share Repurchases</b></p><p><blockquote><b>增加股票回购</b></blockquote></p><p> Since April 1, 2021 and through the publication of this results announcement, we repurchased approximately 18.1 million of our ADSs (the equivalent of approximately 144.5 million of our ordinary shares) for approximately US$3,680 million under our share repurchase program. In addition, on August 2, 2021, our board of directors authorized the Company to upsize our Company's share repurchase program from US$10 billion to US$15 billion. This share repurchase program will be effective through the end of 2022.</p><p><blockquote>自2021年4月1日起及透过刊发本业绩公告，我们根据股份回购计划以约36.8亿美元回购约18.1百万股美国存讬股（相当于约144.5百万股普通股）。此外，2021年8月2日，我们的董事会授权公司将我们公司的股票回购计划规模从100亿美元扩大到150亿美元。该股票回购计划将于2022年底生效。</blockquote></p><p></p><p> <img src=\"https://static.tigerbbs.com/58bf53593de78f5f6e4fa1096d7aae94\" tg-width=\"757\" tg-height=\"793\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> We are increasing our share repurchase program from US$10 billion to US$15 billion, the largest share repurchase program in the Company’s history, because we are confident of our long-term growth prospects. Our net cash position remains strong and we have repurchased approximately US$3.7 billion of our ADSs since April 1, 2021.”</p><p><blockquote>我们正在将股票回购计划从100亿美元增加到150亿美元，这是公司历史上最大的股票回购计划，因为我们对我们的长期增长前景充满信心。我们的净现金状况仍然强劲，自2021年4月1日以来，我们已回购了约37亿美元的ADS。”</blockquote></p><p> In June 2021, our China retail marketplaces had 939 million mobile MAUs, representing a quarterly net increase of 14 million. We continue to increase penetration in less-developed areas, reflecting our success in broadening product offerings to meet diverse consumer demand.</p><p><blockquote>2021年6月，我们的中国零售市场拥有9.39亿移动月活跃用户数，季度净增1400万。我们继续提高在欠发达地区的渗透率，反映我们在扩大产品供应以满足多样化消费者需求方面取得的成功。</blockquote></p><p> “Alibaba started the new fiscal year by delivering a healthy quarter. For the June quarter, global annual active consumers across the Alibaba Ecosystem reached 1.18 billion, an increase of 45 million from the March quarter, which includes 912 million consumers in China. Over more than twenty years of growth, we have developed a company that spans across both consumer and industrial Internet, with multiple engines driving our long-term growth,” said Daniel Zhang, Chairman and Chief Executive Officer of Alibaba Group. “We believe in the growth of the Chinese economy and long-term value creation of Alibaba, and we will continue to strengthen our technology advantage in improving the consumer experience and helping our enterprise customers to accomplish successful digital transformations.”</p><p><blockquote>张勇集团董事长兼首席执行官阿里巴巴-SW表示：“阿里巴巴-SW以健康的季度开局新财年。在6月季度，阿里巴巴-SW生态系统的全球年度活跃消费者达到11.8亿，比3月季度增加了4500万，其中包括9.12亿中国消费者。经过二十多年的增长，我们已经发展出一家横跨消费互联网和工业互联网的公司，多个引擎推动我们的长期增长。”“我们相信中国经济的增长和阿里巴巴-SW的长期价值创造，我们将继续加强我们在改善消费者体验和帮助企业客户成功完成数字化转型方面的技术优势。”</blockquote></p><p> “We delivered strong revenue growth of 34% year-over-year. As we said in last quarter's results announcement, we are investing our excess profits and additional capital to support our merchants and invest in strategic areas to better serve customers and penetrate into new addressable markets,” said Maggie Wu, Chief Financial Officer of Alibaba Group. “We are increasing our share repurchase program from US$10 billion to US$15 billion, the largest share repurchase program in the Company’s history, because we are confident of our long-term growth prospects. Our net cash position remains strong and we have repurchased approximately US$3.7 billion of our ADSs since April 1, 2021.”</p><p><blockquote>“我们实现了34%的强劲收入增长。正如我们在上季度业绩公告中所说，我们正在投资超额利润和额外资本来支持我们的商家，并投资于战略领域，以更好地服务客户并渗透到新的潜在市场，”阿里巴巴-SW集团首席财务官Maggie Wu表示。“我们正在将股票回购计划从100亿美元增加到150亿美元，这是公司历史上最大的股票回购计划，因为我们对我们的长期增长前景充满信心。我们的净现金状况仍然强劲，自2021年4月1日以来，我们已经回购了约37亿美元的ADS。”</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BABA":"阿里巴巴","09988":"阿里巴巴-W"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1169635195","content_text":"(August 3) Alibaba posted financial result in premarket, which showed that:\nAlibaba Q1 revenue RMB205.74 bln vs. RMB153.75 bln a year ago; FactSet consensus RMB209.11 bln.\nAlibaba Q1 adj. EPS RMB16.60 vs. RMB14.82 a year ago; FactSet consensus RMB14.33.\nBUSINESS HIGHLIGHTS\nIn the quarter ended June 30, 2021:\n\nRevenue was RMB205,740 million (US$31,865 million), an increase of 34% year-over-year. Excluding the consolidation of Sun Art, our revenue would have grown 22% year-over-year to RMB187,306 million (US$29,010 million).\nAnnual active consumersof the Alibaba Ecosystem across the world reached approximately 1.18 billion for the twelve months ended June 30, 2021, an increase of 45 million from the twelve months ended March 31, 2021. This includes 912 million consumers in China1and 265 million consumers overseas served by Lazada, AliExpress, Trendyol and Daraz.\nIncome from operations was RMB30,847 million (US$4,778 million), a decrease of 11% year-over-year.Adjusted EBITDA, a non-GAAP measurement, decreased 5% year-over-year to RMB48,628 million (US$7,532 million).Adjusted EBITA, a non-GAAP measurement, decreased 8% year-over-year to RMB41,731 million (US$6,463 million). The year-over-year decreases were primarily due to our investments in strategic areas to capture incremental opportunities, such as Community Marketplaces, Taobao Deals, Local Consumer Services and Lazada, as well as our increased spending on growth initiatives within China retail marketplaces, such as Idle Fish and Taobao Live, and our support to merchants.\nNet income attributable to ordinary shareholders was RMB45,141 million (US$6,991 million),andnet incomewas RMB42,835 million (US$6,634 million).Non-GAAP net income was RMB43,441 million (US$6,728 million), an increase of 10% year-over-year, mainly due to an increase in share of profit of equity method investees.\nDiluted earnings per ADS was RMB16.38 (US$2.54) anddiluted earnings per sharewas RMB2.05 (US$0.32 or HK$2.46).Non-GAAP diluted earnings per ADSwas RMB16.60 (US$2.57), an increase of 12% year-over-year andnon-GAAP diluted earnings per sharewas RMB2.08 (US$0.32 or HK$2.50), an increase of 12% year-over-year.\nNet cashprovided by operating activities was RMB33,603 million (US$5,204 million).Non-GAAP free cash flowwas RMB20,683 million (US$3,203 million), a decrease compared to RMB36,570 million in the same quarter of 2020, mainly due to the partial settlement in the amount of RMB9,114 million (US$1,412 million) of the RMB18,228 million fine levied earlier this year by China’s State Administration for Market Regulation pursuant to China’s Anti-monopoly Law (the “Anti-monopoly Fine”) and a decrease in profit as a result of our investments in key strategic areas.\n\n\nChina Retail Marketplaces\nIn June 2021, Alibaba's China retail marketplaces had 939 million mobile MAUs, representing a quarterly net increase of 14 million.\nCloud Computing\nIn the June 2021 quarter, our cloud computing revenue grew 29% year-over-year to RMB16,051 million (US$2,486 million), primarily driven by robust growth in revenue from customers in the Internet, financial services and retail industries.\nCash Flow from Operating Activities and Free Cash Flow\nIn the quarter ended June 30, 2021, net cash provided by operating activities was RMB33,603 million (US$5,204 million), a decrease compared to RMB50,099 million in the same quarter of 2020. Free cash flow, a non-GAAP measurement of liquidity, decreased to RMB20,683 million (US$3,203 million), from RMB36,570 million in the same quarter of 2020. The year-over-year decreases were mainly due to the partial settlement in the amount of RMB9,114 million (US$1,412 million) of the RMB18,228 million Anti-monopoly Fine and a decrease in profit as a result of our investments in key strategic areas. A reconciliation of net cash provided by operating activities to free cash flow is included at the end of this results announcement.\nIncreasing Share Repurchases\nSince April 1, 2021 and through the publication of this results announcement, we repurchased approximately 18.1 million of our ADSs (the equivalent of approximately 144.5 million of our ordinary shares) for approximately US$3,680 million under our share repurchase program. In addition, on August 2, 2021, our board of directors authorized the Company to upsize our Company's share repurchase program from US$10 billion to US$15 billion. This share repurchase program will be effective through the end of 2022.\n\nWe are increasing our share repurchase program from US$10 billion to US$15 billion, the largest share repurchase program in the Company’s history, because we are confident of our long-term growth prospects. Our net cash position remains strong and we have repurchased approximately US$3.7 billion of our ADSs since April 1, 2021.”\nIn June 2021, our China retail marketplaces had 939 million mobile MAUs, representing a quarterly net increase of 14 million. We continue to increase penetration in less-developed areas, reflecting our success in broadening product offerings to meet diverse consumer demand.\n“Alibaba started the new fiscal year by delivering a healthy quarter. For the June quarter, global annual active consumers across the Alibaba Ecosystem reached 1.18 billion, an increase of 45 million from the March quarter, which includes 912 million consumers in China. Over more than twenty years of growth, we have developed a company that spans across both consumer and industrial Internet, with multiple engines driving our long-term growth,” said Daniel Zhang, Chairman and Chief Executive Officer of Alibaba Group. “We believe in the growth of the Chinese economy and long-term value creation of Alibaba, and we will continue to strengthen our technology advantage in improving the consumer experience and helping our enterprise customers to accomplish successful digital transformations.”\n“We delivered strong revenue growth of 34% year-over-year. As we said in last quarter's results announcement, we are investing our excess profits and additional capital to support our merchants and invest in strategic areas to better serve customers and penetrate into new addressable markets,” said Maggie Wu, Chief Financial Officer of Alibaba Group. “We are increasing our share repurchase program from US$10 billion to US$15 billion, the largest share repurchase program in the Company’s history, because we are confident of our long-term growth prospects. Our net cash position remains strong and we have repurchased approximately US$3.7 billion of our ADSs since April 1, 2021.”","news_type":1,"symbols_score_info":{"BABA":0.9,"09988":0.9}},"isVote":1,"tweetType":1,"viewCount":415,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":358787008,"gmtCreate":1616731511004,"gmtModify":1634524309554,"author":{"id":"3572235673675008","authorId":"3572235673675008","name":"LEEQF","avatar":"https://static.tigerbbs.com/ead66a2c538631d15658309f808c7d40","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572235673675008","authorIdStr":"3572235673675008"},"themes":[],"htmlText":"Hi! Help to like and comment and reply!!&nbsp;","listText":"Hi! Help to like and comment and reply!!&nbsp;","text":"Hi! Help to like and comment and reply!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":6,"repostSize":0,"link":"https://laohu8.com/post/358787008","repostId":"1100799979","repostType":4,"repost":{"id":"1100799979","kind":"news","pubTimestamp":1616730844,"share":"https://www.laohu8.com/m/news/1100799979?lang=zh_CN&edition=full","pubTime":"2021-03-26 11:54","market":"us","language":"en","title":"Stay bullish on the stock market in the face of some fresh sell signals<blockquote>面对一些新的卖出信号，保持看涨股市</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1100799979","media":"marketwatch","summary":"The stock market continues to be led by the Dow Jones Industrial Average,with NASDAQ lagging noticea","content":"<p>The stock market continues to be led by the Dow Jones Industrial Average,with NASDAQ&nbsp;lagging noticeably behind, and the S&amp;P 500 indexcaught somewhere in the middle. This is not a good scenario for stocks.</p><p><blockquote>股市继续由道琼斯工业平均指数领涨，纳斯达克明显落后，标普500指数介于两者之间。对于股票来说，这不是一个好的情况。</blockquote></p><p> There is an old adage that it is not good for the market if the Generals are out in front of the Army (the “Generals” being General Motors, General Electric, etc. – i.e., the mainstays of the Dow of days gone by; the “Army” being the main body of stocks). The point is that if the advance is narrow and limited to the largest institutional stocks, then trouble lies ahead.</p><p><blockquote>有一句古老的谚语说，如果将军们在军队前面，对市场没有好处（“将军”是通用汽车、通用电气等。–即过去道琼斯指数的中流砥柱；“军队”是股票的主体）。关键是，如果涨幅狭窄且仅限于最大的机构股，那么麻烦就在前方。</blockquote></p><p> It is a good point, but too vague to implement as a trading system. We would normally see that reflected in breadth (which is now giving a sell signal) and new highs vs. new lows (which is also on a sell signal).</p><p><blockquote>这是一个很好的观点，但太模糊了，无法作为一个交易系统来实施。我们通常会看到这反映在广度（现在给出卖出信号）和新高与新低（也是卖出信号）上。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/c46ab28413e089cb3da5f328292ad4e7\" tg-width=\"620\" tg-height=\"465\" referrerpolicy=\"no-referrer\">LAWRENCE MCMILLAN</p><p><blockquote>劳伦斯·麦克米兰</blockquote></p><p> One positive thing is that the SPX chart is still in an uptrend, as the moving averages and “modified Bollinger Bands” are still trending higher. However, if the S&amp;P breaks through support at 3,870, that uptrend would be called into question. As one can see from the accompanying chart, there is further support near 3,725. If that is broken, the bears would clearly be in charge. Meanwhile, the recent all-time highs, at 3,985, represent resistance.</p><p><blockquote>一件积极的事情是，SPX图表仍处于上升趋势，因为移动平均线和“修正布林线”仍呈走高趋势。然而，如果标准普尔指数突破3,870点的支撑位，这一上升趋势将受到质疑。从附图可以看出，3725点附近有进一步的支撑。如果这一点被打破，空头显然会掌权。与此同时，近期历史高点3,985点代表阻力位。</blockquote></p><p> What is different today compared to previous minor pullbacks is that several of our internal indicators have weakened considerably and are on sell signals: breadth, new highs vs. new lows, and equity-only put-call ratios.</p><p><blockquote>与之前的小幅回调相比，今天的不同之处在于，我们的几个内部指标已显着减弱并发出卖出信号：广度、新高与新低以及仅股票的看跌看涨期权比率。</blockquote></p><p> Equity-only put-call ratios remain on sell signals that were first generated in mid-February and that have strengthened by beginning to rise rapidly.&nbsp;They are still relatively low on their charts, meaning that there is a lot of room to move higher before one might say they are “oversold.”</p><p><blockquote>仅股票的看跌-看涨期权比率仍处于2月中旬首次产生的卖出信号，并通过开始快速上涨而加强。它们在图表上仍然相对较低，这意味着在人们可能会说它们“超卖”之前还有很大的走高空间。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/bfd689fa18eceb515c752afa1cb024f7\" tg-width=\"620\" tg-height=\"465\" referrerpolicy=\"no-referrer\">LAWRENCE MCMILLAN<img src=\"https://static.tigerbbs.com/9216bd23616405d8464aa44f5baea259\" tg-width=\"620\" tg-height=\"460\" referrerpolicy=\"no-referrer\">LAWRENCE MCMILLAN</p><p><blockquote>劳伦斯·麦克米兰劳伦斯·麦克米兰</blockquote></p><p> Breadth has deteriorated badly over the past two weeks – especially this last week. Sell signals were generated by the breadth oscillators on March 18 and March 19, and those oscillators have plunged since then.&nbsp;The “stocks only” breadth oscillator has already descended into oversold territory, but “oversold doesn’t mean buy.”</p><p><blockquote>广度在过去两周严重恶化，尤其是上周。3月18日和3月19日，广度振荡指标产生了卖出信号，此后这些振荡指标暴跌。“仅限股票”的广度振荡指标已经跌至超卖区域，但“超卖并不意味着买入”。</blockquote></p><p> The NYSE breadth oscillator is also moving lower, but at a much slower pace, since the more positive “Dow-type” stocks have a heavier weight in that oscillator.</p><p><blockquote>纽约证券交易所广度振荡指标也在走低，但速度要慢得多，因为更积极的“道琼斯型”股票在该振荡指标中的权重更大。</blockquote></p><p> Meanwhile, cumulative breadth has fallen sharply as well. That is not a signal, but it is worth noting that the “stocks only” cumulative advance-decline line has fallen almost 10,000 issues since the cumulative A-D line reached an all-time high on March 15 (that is, over that time, summing the daily figures, declines have outnumbered advances by 10,000 issues).</p><p><blockquote>与此同时，累计广度也大幅下降。这不是一个信号，但值得注意的是，自3月15日累计A-D线达到历史新高以来，“仅股票”累计上涨-下跌线已经下跌了近10,000期（也就是说，在此期间，将每日数据相加，下跌数量超过上涨数量10,000期）。</blockquote></p><p> A significant development has also occurred in the case of the “new highs vs. new lows” indicator. On March 23, new 52-week lows outnumbered new 52-week highs andnew 52-week lows numbered more than 100 issues — the first time that has happened since last May.&nbsp;That was the case again on March 24.&nbsp;That places this indicator on a sell signal until new highs take control once again.</p><p><blockquote>“新高对新低”指标也出现了重大发展。3月23日，52周新低数量超过52周新高，52周新低数量超过100期——这是自去年5月以来首次发生。3月24日再次出现这种情况。这使得该指标处于卖出信号，直到新高再次占据主导地位。</blockquote></p><p> Countering the negativity of put-call ratios, breadth, and new highs vs. new lows, is the fact that the volatility indicators still remain generally bullish. VIX has not risen substantially (yet), so the “spike peak” buy signal of March 4 remains in place.</p><p><blockquote>与看跌看涨期权比率、广度以及新高与新低的负面影响相反，波动性指标仍然普遍看涨。VIX尚未大幅上涨，因此3月4日的“峰值”买入信号仍然存在。</blockquote></p><p> Moreover, the trend of VIXVIX,-6.56%continues to be lower, as both VIX and its 20-day moving average are below the declining 200-day moving average. In fact, on March 22, VIX closed at its lowest price (18.88) since February 2020.</p><p><blockquote>此外，VIXVIX,-6.56%的趋势继续走低，因为VIX及其20日移动平均线均低于下降的200日移动平均线。事实上，3月22日，VIX收于2020年2月以来的最低价（18.88）。</blockquote></p><p> If VIX should continue to fall below there, it would be a bullish sign for stocks.</p><p><blockquote>如果VIX继续跌破该水平，这将是股市的看涨信号。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/c5d40b1aedd4e9457306d25814439c92\" tg-width=\"620\" tg-height=\"465\" referrerpolicy=\"no-referrer\">LAWRENCE MCMILLAN</p><p><blockquote>劳伦斯·麦克米兰</blockquote></p><p> As we’ve noted previously, the fact that VIX has remained so high all during the huge rally over the past year has been a worrisome sign for many traders. But the traders that were keeping VIX higher were actually correct, because realized volatility of SPX (i.e., its 20-day historical volatility) has been just below 20 since early March. Thus, realized volatility rose to meet implied volatility, rather than the other way around (which is more often the case).</p><p><blockquote>正如我们之前指出的，VIX在过去一年的大幅上涨期间一直保持在如此高的水平，这对许多交易者来说是一个令人担忧的迹象。但维持VIX走高的交易员实际上是正确的，因为自3月初以来，SPX的已实现波动率（即其20天历史波动率）一直略低于20。因此，已实现波动率上升是为了满足隐含波动率，而不是相反（这种情况更常见）。</blockquote></p><p> Now, if one wants to make the case that it is worrisome to see both forms of volatility this high, then so be it. But there is no longer any significant difference between the S&amp;P’s realized and implied volatility.</p><p><blockquote>现在，如果有人想证明看到这两种形式的波动如此之高令人担忧，那就这样吧。但标普的已实现和隐含波动率之间不再存在任何显著差异。</blockquote></p><p></p><p> The construct of volatility derivatives has remained bullish throughout.&nbsp;VIX futures are all trading at premiums to VIX, and the term structure slopes upward through the coming summer. Similarly, the term structure of the CBOE Volatility Indices slopes upward through the next six months as well.</p><p><blockquote>波动性衍生品的结构始终保持看涨。VIX期货的交易价格都高于VIX，期限结构在即将到来的夏季向上倾斜。同样，芝加哥期权交易所波动率指数的期限结构在未来六个月也向上倾斜。</blockquote></p><p> The first sign of a negative reversal here would be if the April VIX futures traded above the price of May VIX futures.</p><p><blockquote>负面逆转的第一个迹象是4月份VIX期货的交易价格高于5月份VIX期货的价格。</blockquote></p><p> Near-term deterioration in some internal indicators is certainly a cause for worry, and small countertrend bearish positions can be taken because of that. However, the S&amp;P’s trend is still higher, and the trend of VIX is still lower – both bullish factors. So we still maintaining a “core” bullish position until those two trends are broken.</p><p><blockquote>一些内部指标的近期恶化无疑令人担忧，因此可以建立小型逆势看跌头寸。然而，标普的趋势仍然更高，VIX的趋势仍然更低——两者都是看涨因素。因此，我们仍然维持“核心”看涨立场，直到这两个趋势被打破。</blockquote></p><p></p>","source":"lsy1603348471595","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>Stay bullish on the stock market in the face of some fresh sell signals<blockquote>面对一些新的卖出信号，保持看涨股市</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\">\nStay bullish on the stock market in the face of some fresh sell signals<blockquote>面对一些新的卖出信号，保持看涨股市</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">marketwatch</strong><span class=\"h-time small\">2021-03-26 11:54</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The stock market continues to be led by the Dow Jones Industrial Average,with NASDAQ&nbsp;lagging noticeably behind, and the S&amp;P 500 indexcaught somewhere in the middle. This is not a good scenario for stocks.</p><p><blockquote>股市继续由道琼斯工业平均指数领涨，纳斯达克明显落后，标普500指数介于两者之间。对于股票来说，这不是一个好的情况。</blockquote></p><p> There is an old adage that it is not good for the market if the Generals are out in front of the Army (the “Generals” being General Motors, General Electric, etc. – i.e., the mainstays of the Dow of days gone by; the “Army” being the main body of stocks). The point is that if the advance is narrow and limited to the largest institutional stocks, then trouble lies ahead.</p><p><blockquote>有一句古老的谚语说，如果将军们在军队前面，对市场没有好处（“将军”是通用汽车、通用电气等。–即过去道琼斯指数的中流砥柱；“军队”是股票的主体）。关键是，如果涨幅狭窄且仅限于最大的机构股，那么麻烦就在前方。</blockquote></p><p> It is a good point, but too vague to implement as a trading system. We would normally see that reflected in breadth (which is now giving a sell signal) and new highs vs. new lows (which is also on a sell signal).</p><p><blockquote>这是一个很好的观点，但太模糊了，无法作为一个交易系统来实施。我们通常会看到这反映在广度（现在给出卖出信号）和新高与新低（也是卖出信号）上。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/c46ab28413e089cb3da5f328292ad4e7\" tg-width=\"620\" tg-height=\"465\" referrerpolicy=\"no-referrer\">LAWRENCE MCMILLAN</p><p><blockquote>劳伦斯·麦克米兰</blockquote></p><p> One positive thing is that the SPX chart is still in an uptrend, as the moving averages and “modified Bollinger Bands” are still trending higher. However, if the S&amp;P breaks through support at 3,870, that uptrend would be called into question. As one can see from the accompanying chart, there is further support near 3,725. If that is broken, the bears would clearly be in charge. Meanwhile, the recent all-time highs, at 3,985, represent resistance.</p><p><blockquote>一件积极的事情是，SPX图表仍处于上升趋势，因为移动平均线和“修正布林线”仍呈走高趋势。然而，如果标准普尔指数突破3,870点的支撑位，这一上升趋势将受到质疑。从附图可以看出，3725点附近有进一步的支撑。如果这一点被打破，空头显然会掌权。与此同时，近期历史高点3,985点代表阻力位。</blockquote></p><p> What is different today compared to previous minor pullbacks is that several of our internal indicators have weakened considerably and are on sell signals: breadth, new highs vs. new lows, and equity-only put-call ratios.</p><p><blockquote>与之前的小幅回调相比，今天的不同之处在于，我们的几个内部指标已显着减弱并发出卖出信号：广度、新高与新低以及仅股票的看跌看涨期权比率。</blockquote></p><p> Equity-only put-call ratios remain on sell signals that were first generated in mid-February and that have strengthened by beginning to rise rapidly.&nbsp;They are still relatively low on their charts, meaning that there is a lot of room to move higher before one might say they are “oversold.”</p><p><blockquote>仅股票的看跌-看涨期权比率仍处于2月中旬首次产生的卖出信号，并通过开始快速上涨而加强。它们在图表上仍然相对较低，这意味着在人们可能会说它们“超卖”之前还有很大的走高空间。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/bfd689fa18eceb515c752afa1cb024f7\" tg-width=\"620\" tg-height=\"465\" referrerpolicy=\"no-referrer\">LAWRENCE MCMILLAN<img src=\"https://static.tigerbbs.com/9216bd23616405d8464aa44f5baea259\" tg-width=\"620\" tg-height=\"460\" referrerpolicy=\"no-referrer\">LAWRENCE MCMILLAN</p><p><blockquote>劳伦斯·麦克米兰劳伦斯·麦克米兰</blockquote></p><p> Breadth has deteriorated badly over the past two weeks – especially this last week. Sell signals were generated by the breadth oscillators on March 18 and March 19, and those oscillators have plunged since then.&nbsp;The “stocks only” breadth oscillator has already descended into oversold territory, but “oversold doesn’t mean buy.”</p><p><blockquote>广度在过去两周严重恶化，尤其是上周。3月18日和3月19日，广度振荡指标产生了卖出信号，此后这些振荡指标暴跌。“仅限股票”的广度振荡指标已经跌至超卖区域，但“超卖并不意味着买入”。</blockquote></p><p> The NYSE breadth oscillator is also moving lower, but at a much slower pace, since the more positive “Dow-type” stocks have a heavier weight in that oscillator.</p><p><blockquote>纽约证券交易所广度振荡指标也在走低，但速度要慢得多，因为更积极的“道琼斯型”股票在该振荡指标中的权重更大。</blockquote></p><p> Meanwhile, cumulative breadth has fallen sharply as well. That is not a signal, but it is worth noting that the “stocks only” cumulative advance-decline line has fallen almost 10,000 issues since the cumulative A-D line reached an all-time high on March 15 (that is, over that time, summing the daily figures, declines have outnumbered advances by 10,000 issues).</p><p><blockquote>与此同时，累计广度也大幅下降。这不是一个信号，但值得注意的是，自3月15日累计A-D线达到历史新高以来，“仅股票”累计上涨-下跌线已经下跌了近10,000期（也就是说，在此期间，将每日数据相加，下跌数量超过上涨数量10,000期）。</blockquote></p><p> A significant development has also occurred in the case of the “new highs vs. new lows” indicator. On March 23, new 52-week lows outnumbered new 52-week highs andnew 52-week lows numbered more than 100 issues — the first time that has happened since last May.&nbsp;That was the case again on March 24.&nbsp;That places this indicator on a sell signal until new highs take control once again.</p><p><blockquote>“新高对新低”指标也出现了重大发展。3月23日，52周新低数量超过52周新高，52周新低数量超过100期——这是自去年5月以来首次发生。3月24日再次出现这种情况。这使得该指标处于卖出信号，直到新高再次占据主导地位。</blockquote></p><p> Countering the negativity of put-call ratios, breadth, and new highs vs. new lows, is the fact that the volatility indicators still remain generally bullish. VIX has not risen substantially (yet), so the “spike peak” buy signal of March 4 remains in place.</p><p><blockquote>与看跌看涨期权比率、广度以及新高与新低的负面影响相反，波动性指标仍然普遍看涨。VIX尚未大幅上涨，因此3月4日的“峰值”买入信号仍然存在。</blockquote></p><p> Moreover, the trend of VIXVIX,-6.56%continues to be lower, as both VIX and its 20-day moving average are below the declining 200-day moving average. In fact, on March 22, VIX closed at its lowest price (18.88) since February 2020.</p><p><blockquote>此外，VIXVIX,-6.56%的趋势继续走低，因为VIX及其20日移动平均线均低于下降的200日移动平均线。事实上，3月22日，VIX收于2020年2月以来的最低价（18.88）。</blockquote></p><p> If VIX should continue to fall below there, it would be a bullish sign for stocks.</p><p><blockquote>如果VIX继续跌破该水平，这将是股市的看涨信号。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/c5d40b1aedd4e9457306d25814439c92\" tg-width=\"620\" tg-height=\"465\" referrerpolicy=\"no-referrer\">LAWRENCE MCMILLAN</p><p><blockquote>劳伦斯·麦克米兰</blockquote></p><p> As we’ve noted previously, the fact that VIX has remained so high all during the huge rally over the past year has been a worrisome sign for many traders. But the traders that were keeping VIX higher were actually correct, because realized volatility of SPX (i.e., its 20-day historical volatility) has been just below 20 since early March. Thus, realized volatility rose to meet implied volatility, rather than the other way around (which is more often the case).</p><p><blockquote>正如我们之前指出的，VIX在过去一年的大幅上涨期间一直保持在如此高的水平，这对许多交易者来说是一个令人担忧的迹象。但维持VIX走高的交易员实际上是正确的，因为自3月初以来，SPX的已实现波动率（即其20天历史波动率）一直略低于20。因此，已实现波动率上升是为了满足隐含波动率，而不是相反（这种情况更常见）。</blockquote></p><p> Now, if one wants to make the case that it is worrisome to see both forms of volatility this high, then so be it. But there is no longer any significant difference between the S&amp;P’s realized and implied volatility.</p><p><blockquote>现在，如果有人想证明看到这两种形式的波动如此之高令人担忧，那就这样吧。但标普的已实现和隐含波动率之间不再存在任何显著差异。</blockquote></p><p></p><p> The construct of volatility derivatives has remained bullish throughout.&nbsp;VIX futures are all trading at premiums to VIX, and the term structure slopes upward through the coming summer. Similarly, the term structure of the CBOE Volatility Indices slopes upward through the next six months as well.</p><p><blockquote>波动性衍生品的结构始终保持看涨。VIX期货的交易价格都高于VIX，期限结构在即将到来的夏季向上倾斜。同样，芝加哥期权交易所波动率指数的期限结构在未来六个月也向上倾斜。</blockquote></p><p> The first sign of a negative reversal here would be if the April VIX futures traded above the price of May VIX futures.</p><p><blockquote>负面逆转的第一个迹象是4月份VIX期货的交易价格高于5月份VIX期货的价格。</blockquote></p><p> Near-term deterioration in some internal indicators is certainly a cause for worry, and small countertrend bearish positions can be taken because of that. However, the S&amp;P’s trend is still higher, and the trend of VIX is still lower – both bullish factors. So we still maintaining a “core” bullish position until those two trends are broken.</p><p><blockquote>一些内部指标的近期恶化无疑令人担忧，因此可以建立小型逆势看跌头寸。然而，标普的趋势仍然更高，VIX的趋势仍然更低——两者都是看涨因素。因此，我们仍然维持“核心”看涨立场，直到这两个趋势被打破。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/stay-bullish-on-the-stock-market-in-the-face-of-some-fresh-sell-signals-01616682019?mod=home-page\">marketwatch</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":"https://static.tigerbbs.com/5d8fb95e65f042f352c6313989391357","relate_stocks":{".SPX":"S&P 500 Index"},"source_url":"https://www.marketwatch.com/story/stay-bullish-on-the-stock-market-in-the-face-of-some-fresh-sell-signals-01616682019?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1100799979","content_text":"The stock market continues to be led by the Dow Jones Industrial Average,with NASDAQ lagging noticeably behind, and the S&P 500 indexcaught somewhere in the middle. This is not a good scenario for stocks.\nThere is an old adage that it is not good for the market if the Generals are out in front of the Army (the “Generals” being General Motors, General Electric, etc. – i.e., the mainstays of the Dow of days gone by; the “Army” being the main body of stocks). The point is that if the advance is narrow and limited to the largest institutional stocks, then trouble lies ahead.\nIt is a good point, but too vague to implement as a trading system. We would normally see that reflected in breadth (which is now giving a sell signal) and new highs vs. new lows (which is also on a sell signal).\nLAWRENCE MCMILLAN\nOne positive thing is that the SPX chart is still in an uptrend, as the moving averages and “modified Bollinger Bands” are still trending higher. However, if the S&P breaks through support at 3,870, that uptrend would be called into question. As one can see from the accompanying chart, there is further support near 3,725. If that is broken, the bears would clearly be in charge. Meanwhile, the recent all-time highs, at 3,985, represent resistance.\nWhat is different today compared to previous minor pullbacks is that several of our internal indicators have weakened considerably and are on sell signals: breadth, new highs vs. new lows, and equity-only put-call ratios.\nEquity-only put-call ratios remain on sell signals that were first generated in mid-February and that have strengthened by beginning to rise rapidly. They are still relatively low on their charts, meaning that there is a lot of room to move higher before one might say they are “oversold.”\nLAWRENCE MCMILLANLAWRENCE MCMILLAN\nBreadth has deteriorated badly over the past two weeks – especially this last week. Sell signals were generated by the breadth oscillators on March 18 and March 19, and those oscillators have plunged since then. The “stocks only” breadth oscillator has already descended into oversold territory, but “oversold doesn’t mean buy.”\nThe NYSE breadth oscillator is also moving lower, but at a much slower pace, since the more positive “Dow-type” stocks have a heavier weight in that oscillator.\nMeanwhile, cumulative breadth has fallen sharply as well. That is not a signal, but it is worth noting that the “stocks only” cumulative advance-decline line has fallen almost 10,000 issues since the cumulative A-D line reached an all-time high on March 15 (that is, over that time, summing the daily figures, declines have outnumbered advances by 10,000 issues).\nA significant development has also occurred in the case of the “new highs vs. new lows” indicator. On March 23, new 52-week lows outnumbered new 52-week highs andnew 52-week lows numbered more than 100 issues — the first time that has happened since last May. That was the case again on March 24. That places this indicator on a sell signal until new highs take control once again.\nCountering the negativity of put-call ratios, breadth, and new highs vs. new lows, is the fact that the volatility indicators still remain generally bullish. VIX has not risen substantially (yet), so the “spike peak” buy signal of March 4 remains in place.\nMoreover, the trend of VIXVIX,-6.56%continues to be lower, as both VIX and its 20-day moving average are below the declining 200-day moving average. In fact, on March 22, VIX closed at its lowest price (18.88) since February 2020.\nIf VIX should continue to fall below there, it would be a bullish sign for stocks.\nLAWRENCE MCMILLAN\nAs we’ve noted previously, the fact that VIX has remained so high all during the huge rally over the past year has been a worrisome sign for many traders. But the traders that were keeping VIX higher were actually correct, because realized volatility of SPX (i.e., its 20-day historical volatility) has been just below 20 since early March. Thus, realized volatility rose to meet implied volatility, rather than the other way around (which is more often the case).\nNow, if one wants to make the case that it is worrisome to see both forms of volatility this high, then so be it. But there is no longer any significant difference between the S&P’s realized and implied volatility.\nThe construct of volatility derivatives has remained bullish throughout. VIX futures are all trading at premiums to VIX, and the term structure slopes upward through the coming summer. Similarly, the term structure of the CBOE Volatility Indices slopes upward through the next six months as well.\nThe first sign of a negative reversal here would be if the April VIX futures traded above the price of May VIX futures.\nNear-term deterioration in some internal indicators is certainly a cause for worry, and small countertrend bearish positions can be taken because of that. However, the S&P’s trend is still higher, and the trend of VIX is still lower – both bullish factors. So we still maintaining a “core” bullish position until those two trends are broken.","news_type":1,"symbols_score_info":{".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":334,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":106771401,"gmtCreate":1620160092103,"gmtModify":1631885992521,"author":{"id":"3572235673675008","authorId":"3572235673675008","name":"LEEQF","avatar":"https://static.tigerbbs.com/ead66a2c538631d15658309f808c7d40","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572235673675008","authorIdStr":"3572235673675008"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/LGHL\">$Lion Group Holding Ltd.(LGHL)$</a>Incredibly undervalued, very low float crypto-investing play-Crypto is showing renewed strength and use-LGHL has it’s own trading platform in China (Hong Kong):Lion Brokers-DA completed with Lion Fintech/Royal Lion DMCC,acquiring use of crypto exchange license, with fiat, in Dubai: Bit-Swap. prnewswire.com/news-release...-Mining equipment purchaseprnewswire.com/news-release...-Grandshores Technology as strategic partners in crypto operationssec.report/Document/0001213...-Lion will prepare the issuance of mainstream digital currency trust funds similar to GrayScale-Grandshores Technology is not LGHL, but they are a strategic partner; and one that we own 64.5 million shares. -Grandshores has plans for NFT creation: joint","listText":"<a href=\"https://laohu8.com/S/LGHL\">$Lion Group Holding Ltd.(LGHL)$</a>Incredibly undervalued, very low float crypto-investing play-Crypto is showing renewed strength and use-LGHL has it’s own trading platform in China (Hong Kong):Lion Brokers-DA completed with Lion Fintech/Royal Lion DMCC,acquiring use of crypto exchange license, with fiat, in Dubai: Bit-Swap. prnewswire.com/news-release...-Mining equipment purchaseprnewswire.com/news-release...-Grandshores Technology as strategic partners in crypto operationssec.report/Document/0001213...-Lion will prepare the issuance of mainstream digital currency trust funds similar to GrayScale-Grandshores Technology is not LGHL, but they are a strategic partner; and one that we own 64.5 million shares. -Grandshores has plans for NFT creation: joint","text":"$Lion Group Holding Ltd.(LGHL)$Incredibly undervalued, very low float crypto-investing play-Crypto is showing renewed strength and use-LGHL has it’s own trading platform in China (Hong Kong):Lion Brokers-DA completed with Lion Fintech/Royal Lion DMCC,acquiring use of crypto exchange license, with fiat, in Dubai: Bit-Swap. prnewswire.com/news-release...-Mining equipment purchaseprnewswire.com/news-release...-Grandshores Technology as strategic partners in crypto operationssec.report/Document/0001213...-Lion will prepare the issuance of mainstream digital currency trust funds similar to GrayScale-Grandshores Technology is not LGHL, but they are a strategic partner; and one that we own 64.5 million shares. -Grandshores has plans for NFT creation: joint","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":7,"repostSize":0,"link":"https://laohu8.com/post/106771401","isVote":1,"tweetType":1,"viewCount":1786,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":347331576,"gmtCreate":1618463389695,"gmtModify":1634292760764,"author":{"id":"3572235673675008","authorId":"3572235673675008","name":"LEEQF","avatar":"https://static.tigerbbs.com/ead66a2c538631d15658309f808c7d40","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572235673675008","authorIdStr":"3572235673675008"},"themes":[],"htmlText":"Hi everybody! Can help like n comment?&nbsp;","listText":"Hi everybody! Can help like n comment?&nbsp;","text":"Hi everybody! Can help like n comment?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":6,"repostSize":0,"link":"https://laohu8.com/post/347331576","repostId":"1150469902","repostType":4,"isVote":1,"tweetType":1,"viewCount":612,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":165663058,"gmtCreate":1624128185674,"gmtModify":1634010466182,"author":{"id":"3572235673675008","authorId":"3572235673675008","name":"LEEQF","avatar":"https://static.tigerbbs.com/ead66a2c538631d15658309f808c7d40","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572235673675008","authorIdStr":"3572235673675008"},"themes":[],"htmlText":"Hi everyone! I need ur like and comment here! Thank you so much bosses!!!!! ❤️❤️❤️❤️","listText":"Hi everyone! I need ur like and comment here! Thank you so much bosses!!!!! ❤️❤️❤️❤️","text":"Hi everyone! I need ur like and comment here! Thank you so much bosses!!!!! ❤️❤️❤️❤️","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":5,"repostSize":0,"link":"https://laohu8.com/post/165663058","repostId":"1113942445","repostType":4,"isVote":1,"tweetType":1,"viewCount":378,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":107160387,"gmtCreate":1620453030249,"gmtModify":1634198616049,"author":{"id":"3572235673675008","authorId":"3572235673675008","name":"LEEQF","avatar":"https://static.tigerbbs.com/ead66a2c538631d15658309f808c7d40","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572235673675008","authorIdStr":"3572235673675008"},"themes":[],"htmlText":"Go go go! Like n comment here","listText":"Go go go! Like n comment here","text":"Go go go! Like n comment here","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":7,"repostSize":0,"link":"https://laohu8.com/post/107160387","repostId":"1173129939","repostType":4,"repost":{"id":"1173129939","kind":"news","pubTimestamp":1620452048,"share":"https://www.laohu8.com/m/news/1173129939?lang=zh_CN&edition=full","pubTime":"2021-05-08 13:34","market":"hk","language":"en","title":"U.S. auto part makers brace for a bumpy ride as chip shortage to intensify<blockquote>随着芯片短缺加剧，美国汽车零部件制造商将面临坎坷</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1173129939","media":"Nasdaq","summary":"By Ankit Ajmera\nMay 7 (Reuters)-U.S. auto parts suppliers warned of more production cuts at major au","content":"<p>By Ankit Ajmera</p><p><blockquote>作者：安基特·阿杰梅拉</blockquote></p><p> May 7 (Reuters)-U.S. auto parts suppliers warned of more production cuts at major automakers as a global semiconductor chip shortage worsens before easing in the second half of the year and aiding in a partial recovery of lost sales.</p><p><blockquote>路透5月7日-美国。汽车零部件供应商警告称，随着全球半导体芯片短缺问题恶化，主要汽车制造商将进一步减产，然后在下半年缓解并帮助部分恢复销售损失。</blockquote></p><p> The chip shortage came at an inopportune time for automakers as demand rebounded from pandemic lows due to low interest rates and consumers' preference for personal transport amid the health crisis.</p><p><blockquote>芯片短缺对汽车制造商来说来得不合时宜，因为由于低利率和消费者在健康危机中偏爱个人交通工具，需求从大流行低点反弹。</blockquote></p><p> \"We've embedded a 3% reduction in industry production to factor in what we're anticipating and expecting as further announced downtime that hasn't been publicly announced at this point,\" Lear CorpLEA.NChief Financial Officer Jason Cardew said on Friday.</p><p><blockquote>Lear Corple.n首席财务官Jason Cardew周五表示：“我们已将行业产量减少3%，以考虑到我们的预期和预期，即目前尚未公开宣布的进一步宣布的停机时间。”</blockquote></p><p> \"We have line of sight on a more meaningful reduction (in production) in the second quarter than IHS Markit and others are projecting,\" Cardew said.</p><p><blockquote>卡杜表示：“我们预计第二季度（产量）将比IHS Markit和其他公司预测的更有意义。”</blockquote></p><p> Ford Motor CoF.N, a major customer for Lear and peers including BorgWarnerBWA.Nand Magna InternationalMG.TO, has said the chip shortage would halve its vehicle output in the second quarter.</p><p><blockquote>福特汽车公司（Ford Motor CoF.N）是李尔以及博格华纳（BorgWarnerBWA.Nand）和麦格纳国际（Magna InternationalMG.TO）等同行的主要客户，该公司表示，芯片短缺将使其第二季度的汽车产量减半。</blockquote></p><p> Europe's VolkswagenVOWG_p.DE, another customer for the three suppliers, has said it is in \"crisis mode\" over the lack of badly needed automotive chips, with the shortage intensifying and hitting its profits in the second quarter.</p><p><blockquote>这三家供应商的另一个客户欧洲大众汽车VOWG_p.DE表示，由于缺乏急需的汽车芯片，该公司正处于“危机模式”，短缺加剧并影响了第二季度的利润。</blockquote></p><p> Lear, which makes automotive seating, cut its global vehicle production forecast to a 9% rise, from up to 12% it had predicted at the beginning of the year, while also expecting second-quarter revenue to fall 9% from the first.</p><p><blockquote>汽车座椅制造商李尔将全球汽车产量预期从年初预测的12%下调至9%，同时还预计第二季度收入将较第一季度下降9%。</blockquote></p><p> Auto suppliers also cautioned that the pain from the shortage could linger at least until the next year.</p><p><blockquote>汽车供应商还警告说，短缺带来的痛苦可能至少会持续到明年。</blockquote></p><p> \"We don't expect the supply/demand imbalance to fully recover to normalized levels until 2022,\" said Joseph Massaro, chief financial officer of AptivAPTV.N, a maker of advanced driver assistance systems, vehicle computers and high-voltage cabling.</p><p><blockquote>高级驾驶辅助系统、车载电脑和高压电缆制造商AptivAPTV.N首席财务官Joseph Massaro表示：“我们预计供需失衡要到2022年才能完全恢复到正常水平。”</blockquote></p><p> Auto suppliers are also grappling with pressure on their margins from rising costs of key inputs such as steel and copper.</p><p><blockquote>汽车供应商也在努力应对钢铁和铜等关键投入成本上升给利润率带来的压力。</blockquote></p><p> However, many expect to offset some of those costs as automaker customers focus on building higher margin, more profitable pickup trucks and sport utility vehicles.</p><p><blockquote>然而，许多人预计，随着汽车制造商客户专注于制造利润率更高、利润更高的皮卡车和运动型多用途车，这些成本将抵消部分成本。</blockquote></p><p> \"On the biggest raw material purchases, we have about 60% pass through with our customers,\" BorgWarner Chief Executive Officer Frederic Lissalde said.</p><p><blockquote>博格华纳首席执行官Frederic Lissalde表示：“在最大的原材料采购中，我们约60%是通过客户采购的。”</blockquote></p><p> Still, most suppliers have raised or reaffirmed their full-year financial outlooks, thanks to the better-than-expected performance in the first quarter.</p><p><blockquote>尽管如此，由于第一季度好于预期的表现，大多数供应商都上调或重申了全年财务前景。</blockquote></p><p> Analysts highlighted risks associated with the production outlooks from some suppliers as chip demand rises from other sectors such as enterprise, cloud and consumer electronics following speedy COVID-19 vaccinations and economies reopening.</p><p><blockquote>分析师强调了与一些供应商的生产前景相关的风险，因为随着COVID-19疫苗的快速接种和经济重新开放，企业、云和消费电子等其他行业的芯片需求上升。</blockquote></p><p> \"The question in my mind is can this (production loss) be made up later on in the year. And that's really an unknown,\" Magna Chief Financial Officer Vincent Galifi said.</p><p><blockquote>麦格纳首席财务官文森特·加利菲表示：“我心中的问题是，今年晚些时候能否弥补（产量损失）。这确实是一个未知数。”</blockquote></p><p></p>","source":"lsy1603171495471","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>U.S. auto part makers brace for a bumpy ride as chip shortage to intensify<blockquote>随着芯片短缺加剧，美国汽车零部件制造商将面临坎坷</blockquote></title>\n<style 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}\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\">\nU.S. auto part makers brace for a bumpy ride as chip shortage to intensify<blockquote>随着芯片短缺加剧，美国汽车零部件制造商将面临坎坷</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Nasdaq</strong><span class=\"h-time small\">2021-05-08 13:34</span>\n</p>\n</h4>\n</header>\n<article>\n<p>By Ankit Ajmera</p><p><blockquote>作者：安基特·阿杰梅拉</blockquote></p><p> May 7 (Reuters)-U.S. auto parts suppliers warned of more production cuts at major automakers as a global semiconductor chip shortage worsens before easing in the second half of the year and aiding in a partial recovery of lost sales.</p><p><blockquote>路透5月7日-美国。汽车零部件供应商警告称，随着全球半导体芯片短缺问题恶化，主要汽车制造商将进一步减产，然后在下半年缓解并帮助部分恢复销售损失。</blockquote></p><p> The chip shortage came at an inopportune time for automakers as demand rebounded from pandemic lows due to low interest rates and consumers' preference for personal transport amid the health crisis.</p><p><blockquote>芯片短缺对汽车制造商来说来得不合时宜，因为由于低利率和消费者在健康危机中偏爱个人交通工具，需求从大流行低点反弹。</blockquote></p><p> \"We've embedded a 3% reduction in industry production to factor in what we're anticipating and expecting as further announced downtime that hasn't been publicly announced at this point,\" Lear CorpLEA.NChief Financial Officer Jason Cardew said on Friday.</p><p><blockquote>Lear Corple.n首席财务官Jason Cardew周五表示：“我们已将行业产量减少3%，以考虑到我们的预期和预期，即目前尚未公开宣布的进一步宣布的停机时间。”</blockquote></p><p> \"We have line of sight on a more meaningful reduction (in production) in the second quarter than IHS Markit and others are projecting,\" Cardew said.</p><p><blockquote>卡杜表示：“我们预计第二季度（产量）将比IHS Markit和其他公司预测的更有意义。”</blockquote></p><p> Ford Motor CoF.N, a major customer for Lear and peers including BorgWarnerBWA.Nand Magna InternationalMG.TO, has said the chip shortage would halve its vehicle output in the second quarter.</p><p><blockquote>福特汽车公司（Ford Motor CoF.N）是李尔以及博格华纳（BorgWarnerBWA.Nand）和麦格纳国际（Magna InternationalMG.TO）等同行的主要客户，该公司表示，芯片短缺将使其第二季度的汽车产量减半。</blockquote></p><p> Europe's VolkswagenVOWG_p.DE, another customer for the three suppliers, has said it is in \"crisis mode\" over the lack of badly needed automotive chips, with the shortage intensifying and hitting its profits in the second quarter.</p><p><blockquote>这三家供应商的另一个客户欧洲大众汽车VOWG_p.DE表示，由于缺乏急需的汽车芯片，该公司正处于“危机模式”，短缺加剧并影响了第二季度的利润。</blockquote></p><p> Lear, which makes automotive seating, cut its global vehicle production forecast to a 9% rise, from up to 12% it had predicted at the beginning of the year, while also expecting second-quarter revenue to fall 9% from the first.</p><p><blockquote>汽车座椅制造商李尔将全球汽车产量预期从年初预测的12%下调至9%，同时还预计第二季度收入将较第一季度下降9%。</blockquote></p><p> Auto suppliers also cautioned that the pain from the shortage could linger at least until the next year.</p><p><blockquote>汽车供应商还警告说，短缺带来的痛苦可能至少会持续到明年。</blockquote></p><p> \"We don't expect the supply/demand imbalance to fully recover to normalized levels until 2022,\" said Joseph Massaro, chief financial officer of AptivAPTV.N, a maker of advanced driver assistance systems, vehicle computers and high-voltage cabling.</p><p><blockquote>高级驾驶辅助系统、车载电脑和高压电缆制造商AptivAPTV.N首席财务官Joseph Massaro表示：“我们预计供需失衡要到2022年才能完全恢复到正常水平。”</blockquote></p><p> Auto suppliers are also grappling with pressure on their margins from rising costs of key inputs such as steel and copper.</p><p><blockquote>汽车供应商也在努力应对钢铁和铜等关键投入成本上升给利润率带来的压力。</blockquote></p><p> However, many expect to offset some of those costs as automaker customers focus on building higher margin, more profitable pickup trucks and sport utility vehicles.</p><p><blockquote>然而，许多人预计，随着汽车制造商客户专注于制造利润率更高、利润更高的皮卡车和运动型多用途车，这些成本将抵消部分成本。</blockquote></p><p> \"On the biggest raw material purchases, we have about 60% pass through with our customers,\" BorgWarner Chief Executive Officer Frederic Lissalde said.</p><p><blockquote>博格华纳首席执行官Frederic Lissalde表示：“在最大的原材料采购中，我们约60%是通过客户采购的。”</blockquote></p><p> Still, most suppliers have raised or reaffirmed their full-year financial outlooks, thanks to the better-than-expected performance in the first quarter.</p><p><blockquote>尽管如此，由于第一季度好于预期的表现，大多数供应商都上调或重申了全年财务前景。</blockquote></p><p> Analysts highlighted risks associated with the production outlooks from some suppliers as chip demand rises from other sectors such as enterprise, cloud and consumer electronics following speedy COVID-19 vaccinations and economies reopening.</p><p><blockquote>分析师强调了与一些供应商的生产前景相关的风险，因为随着COVID-19疫苗的快速接种和经济重新开放，企业、云和消费电子等其他行业的芯片需求上升。</blockquote></p><p> \"The question in my mind is can this (production loss) be made up later on in the year. And that's really an unknown,\" Magna Chief Financial Officer Vincent Galifi said.</p><p><blockquote>麦格纳首席财务官文森特·加利菲表示：“我心中的问题是，今年晚些时候能否弥补（产量损失）。这确实是一个未知数。”</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.nasdaq.com/articles/u.s.-auto-part-makers-brace-for-a-bumpy-ride-as-chip-shortage-to-intensify-2021-05-07\">Nasdaq</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":{"F":"福特汽车"},"source_url":"https://www.nasdaq.com/articles/u.s.-auto-part-makers-brace-for-a-bumpy-ride-as-chip-shortage-to-intensify-2021-05-07","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1173129939","content_text":"By Ankit Ajmera\nMay 7 (Reuters)-U.S. auto parts suppliers warned of more production cuts at major automakers as a global semiconductor chip shortage worsens before easing in the second half of the year and aiding in a partial recovery of lost sales.\nThe chip shortage came at an inopportune time for automakers as demand rebounded from pandemic lows due to low interest rates and consumers' preference for personal transport amid the health crisis.\n\"We've embedded a 3% reduction in industry production to factor in what we're anticipating and expecting as further announced downtime that hasn't been publicly announced at this point,\" Lear CorpLEA.NChief Financial Officer Jason Cardew said on Friday.\n\"We have line of sight on a more meaningful reduction (in production) in the second quarter than IHS Markit and others are projecting,\" Cardew said.\nFord Motor CoF.N, a major customer for Lear and peers including BorgWarnerBWA.Nand Magna InternationalMG.TO, has said the chip shortage would halve its vehicle output in the second quarter.\nEurope's VolkswagenVOWG_p.DE, another customer for the three suppliers, has said it is in \"crisis mode\" over the lack of badly needed automotive chips, with the shortage intensifying and hitting its profits in the second quarter.\nLear, which makes automotive seating, cut its global vehicle production forecast to a 9% rise, from up to 12% it had predicted at the beginning of the year, while also expecting second-quarter revenue to fall 9% from the first.\nAuto suppliers also cautioned that the pain from the shortage could linger at least until the next year.\n\"We don't expect the supply/demand imbalance to fully recover to normalized levels until 2022,\" said Joseph Massaro, chief financial officer of AptivAPTV.N, a maker of advanced driver assistance systems, vehicle computers and high-voltage cabling.\nAuto suppliers are also grappling with pressure on their margins from rising costs of key inputs such as steel and copper.\nHowever, many expect to offset some of those costs as automaker customers focus on building higher margin, more profitable pickup trucks and sport utility vehicles.\n\"On the biggest raw material purchases, we have about 60% pass through with our customers,\" BorgWarner Chief Executive Officer Frederic Lissalde said.\nStill, most suppliers have raised or reaffirmed their full-year financial outlooks, thanks to the better-than-expected performance in the first quarter.\nAnalysts highlighted risks associated with the production outlooks from some suppliers as chip demand rises from other sectors such as enterprise, cloud and consumer electronics following speedy COVID-19 vaccinations and economies reopening.\n\"The question in my mind is can this (production loss) be made up later on in the year. And that's really an unknown,\" Magna Chief Financial Officer Vincent Galifi said.","news_type":1,"symbols_score_info":{"F":0.9}},"isVote":1,"tweetType":1,"viewCount":459,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":699027975,"gmtCreate":1639726328199,"gmtModify":1639726328763,"author":{"id":"3572235673675008","authorId":"3572235673675008","name":"LEEQF","avatar":"https://static.tigerbbs.com/ead66a2c538631d15658309f808c7d40","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572235673675008","authorIdStr":"3572235673675008"},"themes":[],"htmlText":"Like this comment here pls!","listText":"Like this comment here pls!","text":"Like this comment here pls!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/699027975","repostId":"1154258753","repostType":4,"isVote":1,"tweetType":1,"viewCount":2842,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":132683217,"gmtCreate":1622084922739,"gmtModify":1634183979872,"author":{"id":"3572235673675008","authorId":"3572235673675008","name":"LEEQF","avatar":"https://static.tigerbbs.com/ead66a2c538631d15658309f808c7d40","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572235673675008","authorIdStr":"3572235673675008"},"themes":[],"htmlText":"Wow! REDDIT GODS&nbsp;","listText":"Wow! REDDIT GODS&nbsp;","text":"Wow! REDDIT GODS","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":6,"repostSize":0,"link":"https://laohu8.com/post/132683217","repostId":"2138149518","repostType":4,"isVote":1,"tweetType":1,"viewCount":542,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":194750644,"gmtCreate":1621403459488,"gmtModify":1634189419855,"author":{"id":"3572235673675008","authorId":"3572235673675008","name":"LEEQF","avatar":"https://static.tigerbbs.com/ead66a2c538631d15658309f808c7d40","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572235673675008","authorIdStr":"3572235673675008"},"themes":[],"htmlText":"Help comment!","listText":"Help comment!","text":"Help comment!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":6,"repostSize":0,"link":"https://laohu8.com/post/194750644","repostId":"2136738931","repostType":4,"repost":{"id":"2136738931","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":1621318800,"share":"https://www.laohu8.com/m/news/2136738931?lang=zh_CN&edition=full","pubTime":"2021-05-18 14:20","market":"hk","language":"en","title":"JD Logistics launches Hong Kong IPO to raise up to US$3.4 billion<blockquote>京东物流启动香港IPO募资至多34亿美元</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2136738931","media":"Tiger Newspress","summary":"The logistics arm of Chinese e-commerce giant JD.com started marketing its Hong Kong initial public offering  to retail investors on Monday at a price range of HK$39.36 to HK$43.36 per share, which could see the firm raise as much as HK$26.4 billion  if the deal is priced at the top end.JD Logistics' public offering will run from Monday to Friday. Its shares are expected to begin trading on the Hong Kong bourse's main board on May 28.JD Logistics' offering is expected to be the second multibilli","content":"<p>The logistics arm of Chinese e-commerce giant JD.com started marketing its Hong Kong initial public offering (IPO) to retail investors on Monday at a price range of HK$39.36 to HK$43.36 per share, which could see the firm raise as much as HK$26.4 billion (US$3.4 billion) if the deal is priced at the top end.<a href=\"https://www.itiger.com/mi/ipo?feature=Push\" target=\"_blank\"><b>（Click here To apply for the JD Logistics Shares）</b></a><b></b></p><p><blockquote>中国电子商务巨头京东的物流部门周一开始向散户投资者推销其在香港的首次公开募股（IPO），价格范围为每股39.36港元至43.36港元，如果交易定价在最高端，该公司可能会筹集高达264亿港元（34亿美元）。<a href=\"https://www.itiger.com/mi/ipo?feature=Push\" target=\"_blank\"><b>（点击此处申请京东物流股份）</b></a><b></b></blockquote></p><p>JD Logistics' public offering will run from Monday to Friday. Its shares are expected to begin trading on the Hong Kong bourse's main board on May 28.</p><p><blockquote>京东物流的公开发行将从周一持续到周五。其股票预计将于5月28日在香港交易所主板开始交易。</blockquote></p><p>JD Logistics plans to sell 609.2 million shares, representing 10 per cent of its enlarged share capital. There is an over-allotment option to sell up to 91.4 million more shares if there is a strong demand.</p><p><blockquote>京东物流计划出售6.092亿股股票，占其扩大后股本的10%。如果需求强劲，则有超额配股权可再出售最多9140万股。</blockquote></p><p><img src=\"https://static.tigerbbs.com/cd9320033ea7302952fa2cb6ece8339a\" tg-width=\"958\" tg-height=\"464\"></p><p><blockquote></blockquote></p><p>Your application must be for a minimum of 100 Hong Kong Offer Shares and in one of the numbers set out in the table. You are required to pay the amount next to the number you select.</p><p><blockquote>阁下的申请必须认购最少100股香港发售股份，并按下表所列其中一个数目认购。您需要支付您选择的号码旁边的金额。</blockquote></p><p><img src=\"https://static.tigerbbs.com/b1f72efeb4b54a02dbfe728ebb1099dd\" tg-width=\"958\" tg-height=\"437\"></p><p><blockquote></blockquote></p><p>JD Logistics' offering is expected to be the second multibillion-dollar IPO on the Hong Kong bourse this year, after Tencent-backed short video platform Kuaishou Technology raised US$6.2 billion in January. The Kuaishou offering was the biggest IPO globally so far this year.</p><p><blockquote>京东物流的发行预计将是今年港交所第二笔数十亿美元的IPO，此前腾讯控股支持的短视频平台快手科技在1月份筹集了62亿美元。快手的发行是今年迄今为止全球最大的IPO。</blockquote></p><p>Eight cornerstone investors have committed to buy a total of US$1.5 billion worth of JD Logistics shares, which would account for about 39 per cent of its global offering if the deal is priced at the top end.</p><p><blockquote>八名基石投资者已承诺购买总价值15亿美元的京东物流股票，如果交易定价为最高端，这将占其全球发行的约39%。</blockquote></p><p>The investors include Softbank, Singapore sovereign wealth fund Temasek Holdings, China Structural Reform Fund and asset managers such as Blackstone, Tiger Global Management and others.</p><p><blockquote>投资者包括软银、新加坡主权财富基金淡马锡控股、中国结构性改革基金以及黑石、老虎环球管理等资产管理公司。</blockquote></p><p>BofA Securities, Goldman Sachs and Haitong International are acting as joint sponsors on the transaction, while UBS is serving as a financial adviser.</p><p><blockquote>美银证券、高盛和海通国际担任此次交易的联席保荐人，瑞银则担任财务顾问。</blockquote></p><p>Assuming the deal is priced at the top end, JD Logistics' market capitalisation would be HK$264.1 billion, valuing it higher than ZTO Express.</p><p><blockquote>假设该交易定价为最高端，京东物流的市值将为2641亿港元，估值高于中通快递。</blockquote></p><p>Shanghai-based ZTO, which counts Alibaba Group Holding as one of its shareholders, had a market capitalisation of HK$180.7 billion when it listed in Hong Kong through a secondary listing last September. Alibaba owns the South China Morning Post.</p><p><blockquote>总部位于上海的中通去年9月通过二次上市在港上市时，市值为1807亿港元，阿里巴巴-SW集团是其股东之一。阿里巴巴-SW拥有《南华早报》。</blockquote></p><p>Investors will be keen to learn more about JD Logistics' plan to churn out a profit. The Beijing-based firm said in its prospectus that it expects a bigger net loss for this year, after racking up losses of 2.8 billion yuan (US$435 million) in 2018, 2.2 billion yuan in 2019 and 4 billion yuan in 2020.</p><p><blockquote>投资者将渴望了解更多有关京东物流盈利计划的信息。这家总部位于北京的公司在招股说明书中表示，预计今年的净亏损将更大，此前2018年亏损28亿元人民币（4.35亿美元），2019年亏损22亿元人民币，2020年亏损40亿元人民币。</blockquote></p><p>\"As we currently prioritise growth of our business and expansion of our market share over profitability, there can be significant fluctuations in our profitability profile in the near-to-medium term,\" the company said in its draft prospectus.</p><p><blockquote>该公司在招股说明书草案中表示：“由于我们目前将业务增长和市场份额扩大置于盈利能力之上，因此我们的盈利状况在中短期内可能会出现重大波动。”</blockquote></p><p>JD Logistics is seeking to differentiate itself from other players, such as ZTO and Yunda Holding, by touting itself as a technology-driven logistic services provider using autonomous mobile robots, sorting robots and self-driving vehicles to enhance delivery speed and accuracy.</p><p><blockquote>京东物流正在寻求与中通和韵达控股等其他参与者区分开来，将自己标榜为一家技术驱动的物流服务提供商，使用自主移动机器人、分拣机器人和自动驾驶汽车来提高配送速度和准确性。</blockquote></p><p>Pitching the stock sale with a tech angle could help JD Logistics paint a more positive outlook. This is because competition is particularly keen in the express delivery sector, with reports of some newer players offering services at below cost to grab business.</p><p><blockquote>从技术角度推销股票销售可以帮助京东物流描绘更积极的前景。这是因为快递行业的竞争尤其激烈，有报道称一些新参与者以低于成本的价格提供服务来抢占业务。</blockquote></p><p>Over the past three years, the average revenue per parcel for express delivery companies declined by 50 per cent to 60 per cent owing to intensive market competition, according to Charlie Chen, an analyst at China Renaissance.</p><p><blockquote>华兴资本分析师查理·陈(Charlie Chen)表示，过去三年，由于市场竞争激烈，快递公司每个包裹的平均收入下降了50%至60%。</blockquote></p><p>SF Express, China's top delivery service provider, shocked the market this month after it forecast a first-quarter loss of 1.1 billion yuan, triggering a sell-off of its stock. As of Friday's close, its share price in Shanghai was almost halved from its mid-February peak.</p><p><blockquote>中国最大的快递服务提供商顺丰本月震惊市场，此前该公司预测第一季度亏损11亿元人民币，引发了对其股票的抛售。截至周五收盘，其在上海的股价较2月中旬的峰值几乎腰斩。</blockquote></p><p>Five players - ZTO, YTO Express, STO Express, SF Express and Yunda Holding - account for nearly 80 per cent of China's express delivery service market.</p><p><blockquote>中通、圆通快递、申通快递、顺丰快递和韵达控股这五家公司占据了中国快递服务市场近80%的份额。</blockquote></p><p>China is the biggest logistics market in the world in terms of spending, with total logistics spending reaching 14.9 trillion yuan in 2020. That is expected to increase to 19.3 trillion yuan by 2025, according to data from research firm China Insights Consultancy cited in JD Logistics' prospectus.</p><p><blockquote>就支出而言，中国是全球最大的物流市场，2020年物流总支出达到14.9万亿元。京东物流招股说明书中引用的研究公司灼识咨询的数据显示，预计到2025年，这一数字将增至19.3万亿元。</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>JD Logistics launches Hong Kong IPO to raise up to US$3.4 billion<blockquote>京东物流启动香港IPO募资至多34亿美元</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJD Logistics launches Hong Kong IPO to raise up to US$3.4 billion<blockquote>京东物流启动香港IPO募资至多34亿美元</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\">2021-05-18 14:20</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>The logistics arm of Chinese e-commerce giant JD.com started marketing its Hong Kong initial public offering (IPO) to retail investors on Monday at a price range of HK$39.36 to HK$43.36 per share, which could see the firm raise as much as HK$26.4 billion (US$3.4 billion) if the deal is priced at the top end.<a href=\"https://www.itiger.com/mi/ipo?feature=Push\" target=\"_blank\"><b>（Click here To apply for the JD Logistics Shares）</b></a><b></b></p><p><blockquote>中国电子商务巨头京东的物流部门周一开始向散户投资者推销其在香港的首次公开募股（IPO），价格范围为每股39.36港元至43.36港元，如果交易定价在最高端，该公司可能会筹集高达264亿港元（34亿美元）。<a href=\"https://www.itiger.com/mi/ipo?feature=Push\" target=\"_blank\"><b>（点击此处申请京东物流股份）</b></a><b></b></blockquote></p><p>JD Logistics' public offering will run from Monday to Friday. Its shares are expected to begin trading on the Hong Kong bourse's main board on May 28.</p><p><blockquote>京东物流的公开发行将从周一持续到周五。其股票预计将于5月28日在香港交易所主板开始交易。</blockquote></p><p>JD Logistics plans to sell 609.2 million shares, representing 10 per cent of its enlarged share capital. There is an over-allotment option to sell up to 91.4 million more shares if there is a strong demand.</p><p><blockquote>京东物流计划出售6.092亿股股票，占其扩大后股本的10%。如果需求强劲，则有超额配股权可再出售最多9140万股。</blockquote></p><p><img src=\"https://static.tigerbbs.com/cd9320033ea7302952fa2cb6ece8339a\" tg-width=\"958\" tg-height=\"464\"></p><p><blockquote></blockquote></p><p>Your application must be for a minimum of 100 Hong Kong Offer Shares and in one of the numbers set out in the table. You are required to pay the amount next to the number you select.</p><p><blockquote>阁下的申请必须认购最少100股香港发售股份，并按下表所列其中一个数目认购。您需要支付您选择的号码旁边的金额。</blockquote></p><p><img src=\"https://static.tigerbbs.com/b1f72efeb4b54a02dbfe728ebb1099dd\" tg-width=\"958\" tg-height=\"437\"></p><p><blockquote></blockquote></p><p>JD Logistics' offering is expected to be the second multibillion-dollar IPO on the Hong Kong bourse this year, after Tencent-backed short video platform Kuaishou Technology raised US$6.2 billion in January. The Kuaishou offering was the biggest IPO globally so far this year.</p><p><blockquote>京东物流的发行预计将是今年港交所第二笔数十亿美元的IPO，此前腾讯控股支持的短视频平台快手科技在1月份筹集了62亿美元。快手的发行是今年迄今为止全球最大的IPO。</blockquote></p><p>Eight cornerstone investors have committed to buy a total of US$1.5 billion worth of JD Logistics shares, which would account for about 39 per cent of its global offering if the deal is priced at the top end.</p><p><blockquote>八名基石投资者已承诺购买总价值15亿美元的京东物流股票，如果交易定价为最高端，这将占其全球发行的约39%。</blockquote></p><p>The investors include Softbank, Singapore sovereign wealth fund Temasek Holdings, China Structural Reform Fund and asset managers such as Blackstone, Tiger Global Management and others.</p><p><blockquote>投资者包括软银、新加坡主权财富基金淡马锡控股、中国结构性改革基金以及黑石、老虎环球管理等资产管理公司。</blockquote></p><p>BofA Securities, Goldman Sachs and Haitong International are acting as joint sponsors on the transaction, while UBS is serving as a financial adviser.</p><p><blockquote>美银证券、高盛和海通国际担任此次交易的联席保荐人，瑞银则担任财务顾问。</blockquote></p><p>Assuming the deal is priced at the top end, JD Logistics' market capitalisation would be HK$264.1 billion, valuing it higher than ZTO Express.</p><p><blockquote>假设该交易定价为最高端，京东物流的市值将为2641亿港元，估值高于中通快递。</blockquote></p><p>Shanghai-based ZTO, which counts Alibaba Group Holding as one of its shareholders, had a market capitalisation of HK$180.7 billion when it listed in Hong Kong through a secondary listing last September. Alibaba owns the South China Morning Post.</p><p><blockquote>总部位于上海的中通去年9月通过二次上市在港上市时，市值为1807亿港元，阿里巴巴-SW集团是其股东之一。阿里巴巴-SW拥有《南华早报》。</blockquote></p><p>Investors will be keen to learn more about JD Logistics' plan to churn out a profit. The Beijing-based firm said in its prospectus that it expects a bigger net loss for this year, after racking up losses of 2.8 billion yuan (US$435 million) in 2018, 2.2 billion yuan in 2019 and 4 billion yuan in 2020.</p><p><blockquote>投资者将渴望了解更多有关京东物流盈利计划的信息。这家总部位于北京的公司在招股说明书中表示，预计今年的净亏损将更大，此前2018年亏损28亿元人民币（4.35亿美元），2019年亏损22亿元人民币，2020年亏损40亿元人民币。</blockquote></p><p>\"As we currently prioritise growth of our business and expansion of our market share over profitability, there can be significant fluctuations in our profitability profile in the near-to-medium term,\" the company said in its draft prospectus.</p><p><blockquote>该公司在招股说明书草案中表示：“由于我们目前将业务增长和市场份额扩大置于盈利能力之上，因此我们的盈利状况在中短期内可能会出现重大波动。”</blockquote></p><p>JD Logistics is seeking to differentiate itself from other players, such as ZTO and Yunda Holding, by touting itself as a technology-driven logistic services provider using autonomous mobile robots, sorting robots and self-driving vehicles to enhance delivery speed and accuracy.</p><p><blockquote>京东物流正在寻求与中通和韵达控股等其他参与者区分开来，将自己标榜为一家技术驱动的物流服务提供商，使用自主移动机器人、分拣机器人和自动驾驶汽车来提高配送速度和准确性。</blockquote></p><p>Pitching the stock sale with a tech angle could help JD Logistics paint a more positive outlook. This is because competition is particularly keen in the express delivery sector, with reports of some newer players offering services at below cost to grab business.</p><p><blockquote>从技术角度推销股票销售可以帮助京东物流描绘更积极的前景。这是因为快递行业的竞争尤其激烈，有报道称一些新参与者以低于成本的价格提供服务来抢占业务。</blockquote></p><p>Over the past three years, the average revenue per parcel for express delivery companies declined by 50 per cent to 60 per cent owing to intensive market competition, according to Charlie Chen, an analyst at China Renaissance.</p><p><blockquote>华兴资本分析师查理·陈(Charlie Chen)表示，过去三年，由于市场竞争激烈，快递公司每个包裹的平均收入下降了50%至60%。</blockquote></p><p>SF Express, China's top delivery service provider, shocked the market this month after it forecast a first-quarter loss of 1.1 billion yuan, triggering a sell-off of its stock. As of Friday's close, its share price in Shanghai was almost halved from its mid-February peak.</p><p><blockquote>中国最大的快递服务提供商顺丰本月震惊市场，此前该公司预测第一季度亏损11亿元人民币，引发了对其股票的抛售。截至周五收盘，其在上海的股价较2月中旬的峰值几乎腰斩。</blockquote></p><p>Five players - ZTO, YTO Express, STO Express, SF Express and Yunda Holding - account for nearly 80 per cent of China's express delivery service market.</p><p><blockquote>中通、圆通快递、申通快递、顺丰快递和韵达控股这五家公司占据了中国快递服务市场近80%的份额。</blockquote></p><p>China is the biggest logistics market in the world in terms of spending, with total logistics spending reaching 14.9 trillion yuan in 2020. That is expected to increase to 19.3 trillion yuan by 2025, according to data from research firm China Insights Consultancy cited in JD Logistics' prospectus.</p><p><blockquote>就支出而言，中国是全球最大的物流市场，2020年物流总支出达到14.9万亿元。京东物流招股说明书中引用的研究公司灼识咨询的数据显示，预计到2025年，这一数字将增至19.3万亿元。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"02618":"京东物流"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2136738931","content_text":"The logistics arm of Chinese e-commerce giant JD.com started marketing its Hong Kong initial public offering (IPO) to retail investors on Monday at a price range of HK$39.36 to HK$43.36 per share, which could see the firm raise as much as HK$26.4 billion (US$3.4 billion) if the deal is priced at the top end.（Click here To apply for the JD Logistics Shares）JD Logistics' public offering will run from Monday to Friday. Its shares are expected to begin trading on the Hong Kong bourse's main board on May 28.JD Logistics plans to sell 609.2 million shares, representing 10 per cent of its enlarged share capital. There is an over-allotment option to sell up to 91.4 million more shares if there is a strong demand.Your application must be for a minimum of 100 Hong Kong Offer Shares and in one of the numbers set out in the table. You are required to pay the amount next to the number you select.JD Logistics' offering is expected to be the second multibillion-dollar IPO on the Hong Kong bourse this year, after Tencent-backed short video platform Kuaishou Technology raised US$6.2 billion in January. The Kuaishou offering was the biggest IPO globally so far this year.Eight cornerstone investors have committed to buy a total of US$1.5 billion worth of JD Logistics shares, which would account for about 39 per cent of its global offering if the deal is priced at the top end.The investors include Softbank, Singapore sovereign wealth fund Temasek Holdings, China Structural Reform Fund and asset managers such as Blackstone, Tiger Global Management and others.BofA Securities, Goldman Sachs and Haitong International are acting as joint sponsors on the transaction, while UBS is serving as a financial adviser.Assuming the deal is priced at the top end, JD Logistics' market capitalisation would be HK$264.1 billion, valuing it higher than ZTO Express.Shanghai-based ZTO, which counts Alibaba Group Holding as one of its shareholders, had a market capitalisation of HK$180.7 billion when it listed in Hong Kong through a secondary listing last September. Alibaba owns the South China Morning Post.Investors will be keen to learn more about JD Logistics' plan to churn out a profit. The Beijing-based firm said in its prospectus that it expects a bigger net loss for this year, after racking up losses of 2.8 billion yuan (US$435 million) in 2018, 2.2 billion yuan in 2019 and 4 billion yuan in 2020.\"As we currently prioritise growth of our business and expansion of our market share over profitability, there can be significant fluctuations in our profitability profile in the near-to-medium term,\" the company said in its draft prospectus.JD Logistics is seeking to differentiate itself from other players, such as ZTO and Yunda Holding, by touting itself as a technology-driven logistic services provider using autonomous mobile robots, sorting robots and self-driving vehicles to enhance delivery speed and accuracy.Pitching the stock sale with a tech angle could help JD Logistics paint a more positive outlook. This is because competition is particularly keen in the express delivery sector, with reports of some newer players offering services at below cost to grab business.Over the past three years, the average revenue per parcel for express delivery companies declined by 50 per cent to 60 per cent owing to intensive market competition, according to Charlie Chen, an analyst at China Renaissance.SF Express, China's top delivery service provider, shocked the market this month after it forecast a first-quarter loss of 1.1 billion yuan, triggering a sell-off of its stock. As of Friday's close, its share price in Shanghai was almost halved from its mid-February peak.Five players - ZTO, YTO Express, STO Express, SF Express and Yunda Holding - account for nearly 80 per cent of China's express delivery service market.China is the biggest logistics market in the world in terms of spending, with total logistics spending reaching 14.9 trillion yuan in 2020. That is expected to increase to 19.3 trillion yuan by 2025, according to data from research firm China Insights Consultancy cited in JD Logistics' prospectus.","news_type":1,"symbols_score_info":{"02618":0.9}},"isVote":1,"tweetType":1,"viewCount":460,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":377739409,"gmtCreate":1619564820001,"gmtModify":1634211835677,"author":{"id":"3572235673675008","authorId":"3572235673675008","name":"LEEQF","avatar":"https://static.tigerbbs.com/ead66a2c538631d15658309f808c7d40","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572235673675008","authorIdStr":"3572235673675008"},"themes":[],"htmlText":"Can help comment here and like it? Thank you in advance!!!!!!!!!!!!","listText":"Can help comment here and like it? Thank you in advance!!!!!!!!!!!!","text":"Can help comment here and like it? Thank you in advance!!!!!!!!!!!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":5,"repostSize":0,"link":"https://laohu8.com/post/377739409","repostId":"1179445286","repostType":4,"repost":{"id":"1179445286","kind":"news","pubTimestamp":1619537418,"share":"https://www.laohu8.com/m/news/1179445286?lang=zh_CN&edition=full","pubTime":"2021-04-27 23:30","market":"us","language":"en","title":"UPS lifts freight and logistics sector with strong earnings report<blockquote>UPS凭借强劲的盈利报告提振货运和物流行业</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1179445286","media":"seekingalpha","summary":"A number of freight, logistics and trucking stocks are tracking higher after a strong earnings repor","content":"<p>A number of freight, logistics and trucking stocks are tracking higher after a strong earnings report from UPS(UPS+10.2%).</p><p><blockquote>在UPS发布强劲的收益报告（UPS+10.2%）后，许多货运、物流和卡车运输股票走高。</blockquote></p><p> Notable gainers in morning trading include XPO Logistics(XPO+3.2%), Air T(AIRT+1.7%), Covenant Logistics Group(CVLG+10.5%), Yellow Corporation(YELL+6.0%), J.B. Hunt Transports(JBHT+1.1%), USA Truck(USAK+4.0%), U.S. Xpress Enterprises(USX+4.0%), ArcBest(ARCB+2.1%)and Steel Connect(STCN+2.0%).</p><p><blockquote>早盘涨幅较大的股票包括XPO Logistics(XPO+3.2%)、Air T(AIRT+1.7%)、Covenant Logistics Group(CVLG+10.5%)、Yellow Corporation(YELL+6.0%)、J.B.Hunt Transports(JBHT+1.1%)、USA Truck(USAK+4.0%)、U.S.Xpress Enterprises(USX+4.0%)、ArcBest(ARCB+2.1%)和Steel Connect(STCN+2.0%)。</blockquote></p><p> UPS isn't far from trading over $200 for the first time in its history after the earnings blowout.</p><p><blockquote>在盈利井喷之后，UPS的股价距离其历史上首次突破200美元已经不远了。</blockquote></p><p> \"The company crushed our more conservative estimates, as operating leverage in the domestic segment – the key controversy on the stock – was very strong,\" updates Bernstein analyst David Vernon on the UPS earnings report.</p><p><blockquote>伯恩斯坦分析师戴维·弗农(David Vernon)在UPS收益报告中更新道：“该公司超出了我们更保守的估计，因为国内市场的运营杠杆（该股的主要争议）非常强劲。”</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>UPS lifts freight and logistics sector with strong earnings report<blockquote>UPS凭借强劲的盈利报告提振货运和物流行业</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\">\nUPS lifts freight and logistics sector with strong earnings report<blockquote>UPS凭借强劲的盈利报告提振货运和物流行业</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">seekingalpha</strong><span class=\"h-time small\">2021-04-27 23:30</span>\n</p>\n</h4>\n</header>\n<article>\n<p>A number of freight, logistics and trucking stocks are tracking higher after a strong earnings report from UPS(UPS+10.2%).</p><p><blockquote>在UPS发布强劲的收益报告（UPS+10.2%）后，许多货运、物流和卡车运输股票走高。</blockquote></p><p> Notable gainers in morning trading include XPO Logistics(XPO+3.2%), Air T(AIRT+1.7%), Covenant Logistics Group(CVLG+10.5%), Yellow Corporation(YELL+6.0%), J.B. Hunt Transports(JBHT+1.1%), USA Truck(USAK+4.0%), U.S. Xpress Enterprises(USX+4.0%), ArcBest(ARCB+2.1%)and Steel Connect(STCN+2.0%).</p><p><blockquote>早盘涨幅较大的股票包括XPO Logistics(XPO+3.2%)、Air T(AIRT+1.7%)、Covenant Logistics Group(CVLG+10.5%)、Yellow Corporation(YELL+6.0%)、J.B.Hunt Transports(JBHT+1.1%)、USA Truck(USAK+4.0%)、U.S.Xpress Enterprises(USX+4.0%)、ArcBest(ARCB+2.1%)和Steel Connect(STCN+2.0%)。</blockquote></p><p> UPS isn't far from trading over $200 for the first time in its history after the earnings blowout.</p><p><blockquote>在盈利井喷之后，UPS的股价距离其历史上首次突破200美元已经不远了。</blockquote></p><p> \"The company crushed our more conservative estimates, as operating leverage in the domestic segment – the key controversy on the stock – was very strong,\" updates Bernstein analyst David Vernon on the UPS earnings report.</p><p><blockquote>伯恩斯坦分析师戴维·弗农(David Vernon)在UPS收益报告中更新道：“该公司超出了我们更保守的估计，因为国内市场的运营杠杆（该股的主要争议）非常强劲。”</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/news/3686179-ups-lifts-freight-and-logistics-sector-with-strong-earnings-report\">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":{"UPS":"联合包裹"},"source_url":"https://seekingalpha.com/news/3686179-ups-lifts-freight-and-logistics-sector-with-strong-earnings-report","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1179445286","content_text":"A number of freight, logistics and trucking stocks are tracking higher after a strong earnings report from UPS(UPS+10.2%).\nNotable gainers in morning trading include XPO Logistics(XPO+3.2%), Air T(AIRT+1.7%), Covenant Logistics Group(CVLG+10.5%), Yellow Corporation(YELL+6.0%), J.B. Hunt Transports(JBHT+1.1%), USA Truck(USAK+4.0%), U.S. Xpress Enterprises(USX+4.0%), ArcBest(ARCB+2.1%)and Steel Connect(STCN+2.0%).\nUPS isn't far from trading over $200 for the first time in its history after the earnings blowout.\n\"The company crushed our more conservative estimates, as operating leverage in the domestic segment – the key controversy on the stock – was very strong,\" updates Bernstein analyst David Vernon on the UPS earnings report.","news_type":1,"symbols_score_info":{"UPS":0.9}},"isVote":1,"tweetType":1,"viewCount":389,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":181218176,"gmtCreate":1623395914495,"gmtModify":1634033787333,"author":{"id":"3572235673675008","authorId":"3572235673675008","name":"LEEQF","avatar":"https://static.tigerbbs.com/ead66a2c538631d15658309f808c7d40","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572235673675008","authorIdStr":"3572235673675008"},"themes":[],"htmlText":"Hi! Anybody can help like n reply?","listText":"Hi! Anybody can help like n reply?","text":"Hi! Anybody can help like n reply?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":6,"repostSize":0,"link":"https://laohu8.com/post/181218176","repostId":"1153926665","repostType":4,"isVote":1,"tweetType":1,"viewCount":268,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":189337429,"gmtCreate":1623244942961,"gmtModify":1634035440906,"author":{"id":"3572235673675008","authorId":"3572235673675008","name":"LEEQF","avatar":"https://static.tigerbbs.com/ead66a2c538631d15658309f808c7d40","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572235673675008","authorIdStr":"3572235673675008"},"themes":[],"htmlText":"Come here reply me! I will reply u! &nbsp;Thank u bosses","listText":"Come here reply me! I will reply u! &nbsp;Thank u bosses","text":"Come here reply me! I will reply u! Thank u bosses","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":6,"repostSize":0,"link":"https://laohu8.com/post/189337429","repostId":"1150769391","repostType":4,"repost":{"id":"1150769391","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":1623239634,"share":"https://www.laohu8.com/m/news/1150769391?lang=zh_CN&edition=full","pubTime":"2021-06-09 19:53","market":"us","language":"en","title":"Toplines Before US Market Open on Wednesday<blockquote>周三美国市场开盘前的顶线</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1150769391","media":"Tiger Newspress","summary":"Stock futures traded mixed Wednesday morning as investors considered more mixed data on the U.S. eco","content":"<p><ul>  <li>Stock futures traded mixed Wednesday morning as investors considered more mixed data on the U.S. economic recovery.</li>  <li>A resurgence in the social media-fueled \"meme stocks.</li>  <li>Newest meme stock Clover Health is set to soar again.</li>  <li>Shares of major banks came under some pressure as bond yields sank to one-month lows.</li> </ul> (June 9)&nbsp;U.S. stock index futures were little changed on Wednesday as a lack of clear catalysts kept trading slow, with investors awaiting fresh cues from inflation data this week and an upcoming Federal Reserve meeting.</p><p><blockquote><ul><li>周三上午股指期货交易涨跌互现，投资者考虑的美国经济复苏数据好坏参半。</li><li>社交媒体推动的“模因股票”复苏。</li><li>最新的模因股票Clover Health将再次飙升。</li><li>随着债券收益率跌至一个月低点，主要银行的股价面临一定压力。</li></ul>（6月9日）美国。股指期货周三几乎没有变化，因为缺乏明确的催化剂导致交易缓慢，投资者等待本周通胀数据和即将召开的美联储会议的新线索。</blockquote></p><p> At 7:48 a.m. ET, Dow e-minis were down 54 points, or 0.16%, S&amp;P 500 e-minis were up 0.5 points, or 0.01%, and Nasdaq 100 e-minis were up 30.25 points, or 0.22%.</p><p><blockquote>截至美国东部时间上午7:48，道指e-minis下跌54点，跌幅0.16%，标普500 e-minis上涨0.5点，跌幅0.01%，纳斯达克100 e-minis上涨30.25点，跌幅0.22%。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e3a1c4aedbfac21d4c2feae0a05614f3\" tg-width=\"1242\" tg-height=\"478\" referrerpolicy=\"no-referrer\"><span>7:48 a.m. ET</span></p><p><blockquote><p class=\"t-img-caption\"><span>美国东部时间上午7:48</span></p></blockquote></p><p> But buying into so-called “meme stocks” by small-time retail investors continued, with the new social media favorite Clover Health surging 25.73% in premarket trade after jumping 85% to a record high on Tuesday.</p><p><blockquote>但小型散户投资者继续买入所谓的“模因股票”，社交媒体新宠Clover Health在周二飙升85%至历史新高后，在盘前交易中飙升25.73%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/ef37b731791f10c5962707211941a638\" tg-width=\"750\" tg-height=\"514\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> GameStop - the company most closely associated with the retail rally this year - rose 1.03% ahead of its quarterly results, due after the bell.</p><p><blockquote>游戏驿站是今年与零售业反弹关系最密切的公司，在盘后公布季度业绩之前上涨1.03%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/ac557bd1a3e7455529267059a84f206b\" tg-width=\"750\" tg-height=\"514\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Wall Street indexes have moved little this week amid a dearth of cues, with most investors sticking to the sidelines ahead of key inflation data on Thursday.</p><p><blockquote>由于缺乏线索，华尔街指数本周几乎没有变动，大多数投资者在周四关键通胀数据公布之前保持观望。</blockquote></p><p> The Fed’s meeting next week is also expected to shed more light on the bank’s policy tapering plans. While inflation has surged in recent months, a sluggish labor market is broadly expected to keep the bank dovish.</p><p><blockquote>美联储下周的会议预计也将进一步阐明该行的政策缩减计划。尽管近几个月通胀飙升，但人们普遍预计低迷的劳动力市场将使央行保持鸽派立场。</blockquote></p><p> <h3><b>Stocks making the biggest moves in the premarket:</b></h3> <b>1)&nbsp;Clover Health(CLOV),Wendy's(WEN) </b>– The two stocksextended their gainsin premarket trading, after surging yesterday on increased social media attention. Clover – a seller of health-care insurance that went public via a SPAC deal in October – has risen for the past six days, capped by a nearly 86% surge Tuesday. It soared 24.2% in premarket action, while Wendy's – up nearly 26% in yesterday's trading – added another 4.3% this morning.</p><p><blockquote><h3><b>盘前涨幅最大的股票：</b></h3><b>1)Clover Health(CLOV)、Wendy's(WEN)</b>-这两只股票在昨天因社交媒体关注度增加而飙升后，在盘前交易中扩大了涨幅。Clover是一家医疗保险销售商，于10月份通过SPAC交易上市，过去六天股价上涨，周二飙升近86%。该股在盘前股价飙升24.2%，而Wendy's在昨天的交易中上涨了近26%，今天上午又上涨了4.3%。</blockquote></p><p> <b>2)&nbsp;Campbell Soup(CPB) </b>– The food producer reported quarterly earnings of 57 cents per share, missing consensus by 9 cents a share. Revenue also missed forecasts as results lagged year-ago figures that were boosted by pandemic-related demand. Campbell also cut its full-year forecast, reflecting both those quarterly results and the recent sale of its Plum baby food and snacks business. Campbell shares tumbled 5.8% in the premarket.</p><p><blockquote><b>2）金宝汤（CPB）</b>–该食品生产商公布的季度收益为每股57美分，比市场预期低9美分。由于业绩落后于受大流行相关需求提振的去年同期数据，收入也未达到预期。金宝汤还下调了全年预期，反映了这些季度业绩以及最近出售其Plum婴儿食品和零食业务。金宝汤股价盘前下跌5.8%。</blockquote></p><p> <b>3)&nbsp;Lordstown Motors(RIDE)</b> – Lordstown Motors said there was \"substantial doubt\" about its ability to continue as a going concern. The electric truck maker said in a Securities and Exchange Commission filing that it is having problems funding vehicle production. Lordstown plunged more than 16% yesterday ahead of the news, and slid another 4.2% in premarket trading.</p><p><blockquote><b>3)洛兹敦汽车公司(RIDE)</b>-洛兹敦汽车公司表示，对其持续经营的能力存在“重大疑问”。这家电动卡车制造商在向美国证券交易委员会提交的文件中表示，它在为汽车生产提供资金方面遇到了问题。昨天消息传出前，洛兹敦股价暴跌超过16%，盘前交易中又下跌4.2%。</blockquote></p><p> <b>4)&nbsp;Target(TGT) </b>– The retailer increased its quarterly dividend to 90 cents per share from 68 cents a share, a jump of 32%. The improved payout will go to shareholders of record as of Aug. 18, to be paid on Sept. 10.</p><p><blockquote><b>4）靶点（TGT）</b>-该零售商将季度股息从每股68美分提高到每股90美分，增幅为32%。改进后的派息将支付给截至8月18日登记在册的股东，并于9月10日支付。</blockquote></p><p> <b>5)&nbsp;Merck(MRK)</b> – The drugmaker struck an agreement to supply the government with molnupiravir, an oral treatment designed to treat mild to moderate cases of Covid-19. The drug is currently being evaluated in a phase 3 trial.</p><p><blockquote><b>5）默克（MRK）</b>–该制药商达成协议，向政府提供molnupiravir，这是一种旨在治疗轻度至中度Covid-19病例的口服治疗药物。该药物目前正在3期试验中进行评估。</blockquote></p><p> <b>6)&nbsp;Fastly(FSLY)</b> – Fastly issued an apology for Tuesday’s widespread internet outage, with the cloud computing company saying the incident was caused by a software bug that was triggered when a customer changed settings. Fastly rose 2.4% in the premarket.</p><p><blockquote><b>6)快速(FSLY)</b>-Fastly为周二的大范围互联网中断道歉，这家云计算公司表示，该事件是由客户更改设置时触发的软件错误引起的。Fastly盘前上涨2.4%。</blockquote></p><p> <b>7)&nbsp;Sherwin-Williams(SHW) </b>– Sherwin-Williams raised its sales and profit guidance for the year, as the paint maker sees pandemic-induced demand for its products continuing even as the pandemic recedes. The company is also raising its prices to deal with higher costs for raw materials. Sherwin-Williams fell 1.3% in the premarket.</p><p><blockquote><b>7）宣伟（SHW）</b>-宣伟上调了今年的销售和利润指引，因为该涂料制造商认为，即使疫情消退，疫情引发的对其产品的需求仍在继续。该公司还提高价格以应对原材料成本上涨。宣伟盘前下跌1.3%。</blockquote></p><p> <b>8)&nbsp;Casey’s General Stores(CASY)</b> – Casey’s reported quarterly earnings of $1.12 per share, beating the consensus estimate of 88 cents a share. The convenience store chain’s revenue exceeded estimates as well. Same-store sales, excluding gasoline purchases, rose 12.8% as customer traffic steadily increased.</p><p><blockquote><b>8)凯西综合商店(CASY)</b>–Casey报告的季度收益为每股1.12美元，超出了每股88美分的普遍预期。这家连锁便利店的收入也超出了预期。随着客流量稳步增加，不包括汽油购买的同店销售额增长了12.8%。</blockquote></p><p> <b>9)&nbsp;Fox Corp.(FOXA) </b>– Fox added 1.8% in the premarket following an upgrade to “overweight” from “equal weight” at Wells Fargo Securities, which feels the stock could benefit from Fox’s presence in sports gambling despite pressures from cord-cutting.</p><p><blockquote><b>9)福克斯公司(FOXA)</b>-富国银行证券(Wells Fargo Securities)将福克斯评级从“同等权重”上调至“跑赢大盘”，该公司认为，尽管面临裁员的压力，该股仍可能受益于福克斯在体育博彩领域的存在。</blockquote></p><p></p><p> <b>10)&nbsp;Abercrombie &amp; Fitch(ANF)</b> – The apparel retailer was upgraded to “buy” from “hold” at Jefferies, which points to ongoing benefits from years of brand elevation efforts as well as an increase in profit margins. Abercrombie rose 2.9% in premarket trading.</p><p><blockquote><b>10)Abercrombie&amp;Fitch(ANF)</b>-杰富瑞(Jefferies)将该服装零售商的评级从“持有”上调至“买入”，这表明多年来的品牌提升努力以及利润率的提高带来了持续的好处。Abercrombie在盘前交易中上涨2.9%。</blockquote></p><p> <b>11)&nbsp;GameStop(GME)</b> – The videogame retailer will report quarterly earnings after today’s closing bell. GameStop shares surged the past two days amid renewed buying in the so-called “meme” stocks.</p><p><blockquote><b>11）游戏驿站(GME)</b>-这家视频游戏零售商将在今天收盘后公布季度收益。过去两天，由于所谓“模因”股票的重新买盘，游戏驿站股价飙升。</blockquote></p><p> <b>12)&nbsp;Ferrari(RACE) </b>– Ferrari namedSTMicroelectronics(STM) executive Benedetto Vignaas its new CEO, filling a position that had been vacant for six months since Louis Camilleri retired as the automaker’s chief. Vigna – who runs chipmaker STMicro’s biggest division – will begin his new duties at Ferrari on Sept. 1.</p><p><blockquote><b>12）法拉利（比赛）</b>–法拉利任命意法半导体(STM)高管Benedetto Vignaa为新任首席执行官，填补自路易斯·卡米莱里(Louis Camilleri)从汽车制造商首席执行官职位上退休以来空缺了六个月的职位。维尼亚是芯片制造商意法半导体最大部门的负责人，他将于9月1日开始在法拉利履行新职责。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Toplines Before US Market Open on Wednesday<blockquote>周三美国市场开盘前的顶线</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nToplines Before US Market Open on Wednesday<blockquote>周三美国市场开盘前的顶线</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-06-09 19:53</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><ul>  <li>Stock futures traded mixed Wednesday morning as investors considered more mixed data on the U.S. economic recovery.</li>  <li>A resurgence in the social media-fueled \"meme stocks.</li>  <li>Newest meme stock Clover Health is set to soar again.</li>  <li>Shares of major banks came under some pressure as bond yields sank to one-month lows.</li> </ul> (June 9)&nbsp;U.S. stock index futures were little changed on Wednesday as a lack of clear catalysts kept trading slow, with investors awaiting fresh cues from inflation data this week and an upcoming Federal Reserve meeting.</p><p><blockquote><ul><li>周三上午股指期货交易涨跌互现，投资者考虑的美国经济复苏数据好坏参半。</li><li>社交媒体推动的“模因股票”复苏。</li><li>最新的模因股票Clover Health将再次飙升。</li><li>随着债券收益率跌至一个月低点，主要银行的股价面临一定压力。</li></ul>（6月9日）美国。股指期货周三几乎没有变化，因为缺乏明确的催化剂导致交易缓慢，投资者等待本周通胀数据和即将召开的美联储会议的新线索。</blockquote></p><p> At 7:48 a.m. ET, Dow e-minis were down 54 points, or 0.16%, S&amp;P 500 e-minis were up 0.5 points, or 0.01%, and Nasdaq 100 e-minis were up 30.25 points, or 0.22%.</p><p><blockquote>截至美国东部时间上午7:48，道指e-minis下跌54点，跌幅0.16%，标普500 e-minis上涨0.5点，跌幅0.01%，纳斯达克100 e-minis上涨30.25点，跌幅0.22%。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e3a1c4aedbfac21d4c2feae0a05614f3\" tg-width=\"1242\" tg-height=\"478\" referrerpolicy=\"no-referrer\"><span>7:48 a.m. ET</span></p><p><blockquote><p class=\"t-img-caption\"><span>美国东部时间上午7:48</span></p></blockquote></p><p> But buying into so-called “meme stocks” by small-time retail investors continued, with the new social media favorite Clover Health surging 25.73% in premarket trade after jumping 85% to a record high on Tuesday.</p><p><blockquote>但小型散户投资者继续买入所谓的“模因股票”，社交媒体新宠Clover Health在周二飙升85%至历史新高后，在盘前交易中飙升25.73%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/ef37b731791f10c5962707211941a638\" tg-width=\"750\" tg-height=\"514\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> GameStop - the company most closely associated with the retail rally this year - rose 1.03% ahead of its quarterly results, due after the bell.</p><p><blockquote>游戏驿站是今年与零售业反弹关系最密切的公司，在盘后公布季度业绩之前上涨1.03%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/ac557bd1a3e7455529267059a84f206b\" tg-width=\"750\" tg-height=\"514\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Wall Street indexes have moved little this week amid a dearth of cues, with most investors sticking to the sidelines ahead of key inflation data on Thursday.</p><p><blockquote>由于缺乏线索，华尔街指数本周几乎没有变动，大多数投资者在周四关键通胀数据公布之前保持观望。</blockquote></p><p> The Fed’s meeting next week is also expected to shed more light on the bank’s policy tapering plans. While inflation has surged in recent months, a sluggish labor market is broadly expected to keep the bank dovish.</p><p><blockquote>美联储下周的会议预计也将进一步阐明该行的政策缩减计划。尽管近几个月通胀飙升，但人们普遍预计低迷的劳动力市场将使央行保持鸽派立场。</blockquote></p><p> <h3><b>Stocks making the biggest moves in the premarket:</b></h3> <b>1)&nbsp;Clover Health(CLOV),Wendy's(WEN) </b>– The two stocksextended their gainsin premarket trading, after surging yesterday on increased social media attention. Clover – a seller of health-care insurance that went public via a SPAC deal in October – has risen for the past six days, capped by a nearly 86% surge Tuesday. It soared 24.2% in premarket action, while Wendy's – up nearly 26% in yesterday's trading – added another 4.3% this morning.</p><p><blockquote><h3><b>盘前涨幅最大的股票：</b></h3><b>1)Clover Health(CLOV)、Wendy's(WEN)</b>-这两只股票在昨天因社交媒体关注度增加而飙升后，在盘前交易中扩大了涨幅。Clover是一家医疗保险销售商，于10月份通过SPAC交易上市，过去六天股价上涨，周二飙升近86%。该股在盘前股价飙升24.2%，而Wendy's在昨天的交易中上涨了近26%，今天上午又上涨了4.3%。</blockquote></p><p> <b>2)&nbsp;Campbell Soup(CPB) </b>– The food producer reported quarterly earnings of 57 cents per share, missing consensus by 9 cents a share. Revenue also missed forecasts as results lagged year-ago figures that were boosted by pandemic-related demand. Campbell also cut its full-year forecast, reflecting both those quarterly results and the recent sale of its Plum baby food and snacks business. Campbell shares tumbled 5.8% in the premarket.</p><p><blockquote><b>2）金宝汤（CPB）</b>–该食品生产商公布的季度收益为每股57美分，比市场预期低9美分。由于业绩落后于受大流行相关需求提振的去年同期数据，收入也未达到预期。金宝汤还下调了全年预期，反映了这些季度业绩以及最近出售其Plum婴儿食品和零食业务。金宝汤股价盘前下跌5.8%。</blockquote></p><p> <b>3)&nbsp;Lordstown Motors(RIDE)</b> – Lordstown Motors said there was \"substantial doubt\" about its ability to continue as a going concern. The electric truck maker said in a Securities and Exchange Commission filing that it is having problems funding vehicle production. Lordstown plunged more than 16% yesterday ahead of the news, and slid another 4.2% in premarket trading.</p><p><blockquote><b>3)洛兹敦汽车公司(RIDE)</b>-洛兹敦汽车公司表示，对其持续经营的能力存在“重大疑问”。这家电动卡车制造商在向美国证券交易委员会提交的文件中表示，它在为汽车生产提供资金方面遇到了问题。昨天消息传出前，洛兹敦股价暴跌超过16%，盘前交易中又下跌4.2%。</blockquote></p><p> <b>4)&nbsp;Target(TGT) </b>– The retailer increased its quarterly dividend to 90 cents per share from 68 cents a share, a jump of 32%. The improved payout will go to shareholders of record as of Aug. 18, to be paid on Sept. 10.</p><p><blockquote><b>4）靶点（TGT）</b>-该零售商将季度股息从每股68美分提高到每股90美分，增幅为32%。改进后的派息将支付给截至8月18日登记在册的股东，并于9月10日支付。</blockquote></p><p> <b>5)&nbsp;Merck(MRK)</b> – The drugmaker struck an agreement to supply the government with molnupiravir, an oral treatment designed to treat mild to moderate cases of Covid-19. The drug is currently being evaluated in a phase 3 trial.</p><p><blockquote><b>5）默克（MRK）</b>–该制药商达成协议，向政府提供molnupiravir，这是一种旨在治疗轻度至中度Covid-19病例的口服治疗药物。该药物目前正在3期试验中进行评估。</blockquote></p><p> <b>6)&nbsp;Fastly(FSLY)</b> – Fastly issued an apology for Tuesday’s widespread internet outage, with the cloud computing company saying the incident was caused by a software bug that was triggered when a customer changed settings. Fastly rose 2.4% in the premarket.</p><p><blockquote><b>6)快速(FSLY)</b>-Fastly为周二的大范围互联网中断道歉，这家云计算公司表示，该事件是由客户更改设置时触发的软件错误引起的。Fastly盘前上涨2.4%。</blockquote></p><p> <b>7)&nbsp;Sherwin-Williams(SHW) </b>– Sherwin-Williams raised its sales and profit guidance for the year, as the paint maker sees pandemic-induced demand for its products continuing even as the pandemic recedes. The company is also raising its prices to deal with higher costs for raw materials. Sherwin-Williams fell 1.3% in the premarket.</p><p><blockquote><b>7）宣伟（SHW）</b>-宣伟上调了今年的销售和利润指引，因为该涂料制造商认为，即使疫情消退，疫情引发的对其产品的需求仍在继续。该公司还提高价格以应对原材料成本上涨。宣伟盘前下跌1.3%。</blockquote></p><p> <b>8)&nbsp;Casey’s General Stores(CASY)</b> – Casey’s reported quarterly earnings of $1.12 per share, beating the consensus estimate of 88 cents a share. The convenience store chain’s revenue exceeded estimates as well. Same-store sales, excluding gasoline purchases, rose 12.8% as customer traffic steadily increased.</p><p><blockquote><b>8)凯西综合商店(CASY)</b>–Casey报告的季度收益为每股1.12美元，超出了每股88美分的普遍预期。这家连锁便利店的收入也超出了预期。随着客流量稳步增加，不包括汽油购买的同店销售额增长了12.8%。</blockquote></p><p> <b>9)&nbsp;Fox Corp.(FOXA) </b>– Fox added 1.8% in the premarket following an upgrade to “overweight” from “equal weight” at Wells Fargo Securities, which feels the stock could benefit from Fox’s presence in sports gambling despite pressures from cord-cutting.</p><p><blockquote><b>9)福克斯公司(FOXA)</b>-富国银行证券(Wells Fargo Securities)将福克斯评级从“同等权重”上调至“跑赢大盘”，该公司认为，尽管面临裁员的压力，该股仍可能受益于福克斯在体育博彩领域的存在。</blockquote></p><p></p><p> <b>10)&nbsp;Abercrombie &amp; Fitch(ANF)</b> – The apparel retailer was upgraded to “buy” from “hold” at Jefferies, which points to ongoing benefits from years of brand elevation efforts as well as an increase in profit margins. Abercrombie rose 2.9% in premarket trading.</p><p><blockquote><b>10)Abercrombie&amp;Fitch(ANF)</b>-杰富瑞(Jefferies)将该服装零售商的评级从“持有”上调至“买入”，这表明多年来的品牌提升努力以及利润率的提高带来了持续的好处。Abercrombie在盘前交易中上涨2.9%。</blockquote></p><p> <b>11)&nbsp;GameStop(GME)</b> – The videogame retailer will report quarterly earnings after today’s closing bell. GameStop shares surged the past two days amid renewed buying in the so-called “meme” stocks.</p><p><blockquote><b>11）游戏驿站(GME)</b>-这家视频游戏零售商将在今天收盘后公布季度收益。过去两天，由于所谓“模因”股票的重新买盘，游戏驿站股价飙升。</blockquote></p><p> <b>12)&nbsp;Ferrari(RACE) </b>– Ferrari namedSTMicroelectronics(STM) executive Benedetto Vignaas its new CEO, filling a position that had been vacant for six months since Louis Camilleri retired as the automaker’s chief. Vigna – who runs chipmaker STMicro’s biggest division – will begin his new duties at Ferrari on Sept. 1.</p><p><blockquote><b>12）法拉利（比赛）</b>–法拉利任命意法半导体(STM)高管Benedetto Vignaa为新任首席执行官，填补自路易斯·卡米莱里(Louis Camilleri)从汽车制造商首席执行官职位上退休以来空缺了六个月的职位。维尼亚是芯片制造商意法半导体最大部门的负责人，他将于9月1日开始在法拉利履行新职责。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPY":"标普500ETF",".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1150769391","content_text":"Stock futures traded mixed Wednesday morning as investors considered more mixed data on the U.S. economic recovery.\nA resurgence in the social media-fueled \"meme stocks.\nNewest meme stock Clover Health is set to soar again.\nShares of major banks came under some pressure as bond yields sank to one-month lows.\n\n(June 9) U.S. stock index futures were little changed on Wednesday as a lack of clear catalysts kept trading slow, with investors awaiting fresh cues from inflation data this week and an upcoming Federal Reserve meeting.\nAt 7:48 a.m. ET, Dow e-minis were down 54 points, or 0.16%, S&P 500 e-minis were up 0.5 points, or 0.01%, and Nasdaq 100 e-minis were up 30.25 points, or 0.22%.\n7:48 a.m. ET\nBut buying into so-called “meme stocks” by small-time retail investors continued, with the new social media favorite Clover Health surging 25.73% in premarket trade after jumping 85% to a record high on Tuesday.\n\nGameStop - the company most closely associated with the retail rally this year - rose 1.03% ahead of its quarterly results, due after the bell.\n\nWall Street indexes have moved little this week amid a dearth of cues, with most investors sticking to the sidelines ahead of key inflation data on Thursday.\nThe Fed’s meeting next week is also expected to shed more light on the bank’s policy tapering plans. While inflation has surged in recent months, a sluggish labor market is broadly expected to keep the bank dovish.\nStocks making the biggest moves in the premarket:\n1) Clover Health(CLOV),Wendy's(WEN) – The two stocksextended their gainsin premarket trading, after surging yesterday on increased social media attention. Clover – a seller of health-care insurance that went public via a SPAC deal in October – has risen for the past six days, capped by a nearly 86% surge Tuesday. It soared 24.2% in premarket action, while Wendy's – up nearly 26% in yesterday's trading – added another 4.3% this morning.\n2) Campbell Soup(CPB) – The food producer reported quarterly earnings of 57 cents per share, missing consensus by 9 cents a share. Revenue also missed forecasts as results lagged year-ago figures that were boosted by pandemic-related demand. Campbell also cut its full-year forecast, reflecting both those quarterly results and the recent sale of its Plum baby food and snacks business. Campbell shares tumbled 5.8% in the premarket.\n3) Lordstown Motors(RIDE) – Lordstown Motors said there was \"substantial doubt\" about its ability to continue as a going concern. The electric truck maker said in a Securities and Exchange Commission filing that it is having problems funding vehicle production. Lordstown plunged more than 16% yesterday ahead of the news, and slid another 4.2% in premarket trading.\n4) Target(TGT) – The retailer increased its quarterly dividend to 90 cents per share from 68 cents a share, a jump of 32%. The improved payout will go to shareholders of record as of Aug. 18, to be paid on Sept. 10.\n5) Merck(MRK) – The drugmaker struck an agreement to supply the government with molnupiravir, an oral treatment designed to treat mild to moderate cases of Covid-19. The drug is currently being evaluated in a phase 3 trial.\n6) Fastly(FSLY) – Fastly issued an apology for Tuesday’s widespread internet outage, with the cloud computing company saying the incident was caused by a software bug that was triggered when a customer changed settings. Fastly rose 2.4% in the premarket.\n7) Sherwin-Williams(SHW) – Sherwin-Williams raised its sales and profit guidance for the year, as the paint maker sees pandemic-induced demand for its products continuing even as the pandemic recedes. The company is also raising its prices to deal with higher costs for raw materials. Sherwin-Williams fell 1.3% in the premarket.\n8) Casey’s General Stores(CASY) – Casey’s reported quarterly earnings of $1.12 per share, beating the consensus estimate of 88 cents a share. The convenience store chain’s revenue exceeded estimates as well. Same-store sales, excluding gasoline purchases, rose 12.8% as customer traffic steadily increased.\n9) Fox Corp.(FOXA) – Fox added 1.8% in the premarket following an upgrade to “overweight” from “equal weight” at Wells Fargo Securities, which feels the stock could benefit from Fox’s presence in sports gambling despite pressures from cord-cutting.\n10) Abercrombie & Fitch(ANF) – The apparel retailer was upgraded to “buy” from “hold” at Jefferies, which points to ongoing benefits from years of brand elevation efforts as well as an increase in profit margins. Abercrombie rose 2.9% in premarket trading.\n11) GameStop(GME) – The videogame retailer will report quarterly earnings after today’s closing bell. GameStop shares surged the past two days amid renewed buying in the so-called “meme” stocks.\n12) Ferrari(RACE) – Ferrari namedSTMicroelectronics(STM) executive Benedetto Vignaas its new CEO, filling a position that had been vacant for six months since Louis Camilleri retired as the automaker’s chief. Vigna – who runs chipmaker STMicro’s biggest division – will begin his new duties at Ferrari on Sept. 1.","news_type":1,"symbols_score_info":{"SPY":0.9,".IXIC":0.9,".DJI":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":521,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":130421208,"gmtCreate":1621561863304,"gmtModify":1634188079535,"author":{"id":"3572235673675008","authorId":"3572235673675008","name":"LEEQF","avatar":"https://static.tigerbbs.com/ead66a2c538631d15658309f808c7d40","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572235673675008","authorIdStr":"3572235673675008"},"themes":[],"htmlText":"Anybody n help comment n reply me?? I’ll reply back","listText":"Anybody n help comment n reply me?? I’ll reply back","text":"Anybody n help comment n reply me?? I’ll reply back","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":6,"repostSize":0,"link":"https://laohu8.com/post/130421208","repostId":"1132830403","repostType":4,"isVote":1,"tweetType":1,"viewCount":531,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":193211749,"gmtCreate":1620790140981,"gmtModify":1634196270775,"author":{"id":"3572235673675008","authorId":"3572235673675008","name":"LEEQF","avatar":"https://static.tigerbbs.com/ead66a2c538631d15658309f808c7d40","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572235673675008","authorIdStr":"3572235673675008"},"themes":[],"htmlText":"Of all stock, why Apple?&nbsp;","listText":"Of all stock, why Apple?&nbsp;","text":"Of all stock, why Apple?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":6,"repostSize":0,"link":"https://laohu8.com/post/193211749","repostId":"2134698127","repostType":4,"isVote":1,"tweetType":1,"viewCount":466,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}