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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：不稳定的商业模式，先发优势是一个神话</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>美联储将大幅减少每月债券购买，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，陶氏工业指数突然上涨，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，早盘交易上涨近 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 周即将到来：物联网解决方案、葡萄酒和卫星在 IPO 第三周</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":4404,"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,"idStr":"3572235673675008","authorIdStr":"3572235673675008"},"themes":[],"title":"","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.laohunote.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，受到大型科技公司的拖累，投资者担心奥密克戎冠状病毒变种，并消化了美联储更快结束大流行时代刺激措施的决定。</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>在美联储周三暗示到 2022 年底加息三个四分之一个百分点以应对通胀飙升后，美国三大股指本周全部下跌。</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个主要板块指数全部下跌，其中金融股领跌2.3%。能源损失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>辉瑞公司周五表示，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，快速传播的奥密克戎冠状病毒变种再次感染人们的可能性是其前身德尔塔的五倍。</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>“这是一个重要的期权到期日，”新泽西州查塔姆 Themis Trading 的交易联席经理 Joe Saluzzi 表示。“现在你再加上一些奥密克戎，你就会出现波动，我认为这会给投资者带来很多不确定性。你打算在年底前把仓位放在哪里？”</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>2021年，英伟达和微软等权重成长股的表现优于大盘，而费城东南半导体指数则飙升约35%。同期，基准标普500指数上涨约 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>在周五的交易中，道琼斯工业平均指数下跌1.48%，收于35,365.44点，而标普500指数下跌1.03%，至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>从积极的方面来看，小盘股罗素 2000 指数在从 11 月初的历史高点下跌超过 10% 后反弹 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指数下跌1.9%，道琼斯指数下跌1.7%，纳斯达克指数下跌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>在周五的交易中，甲骨文暴跌 6.4%，此前《华尔街日报》报道了这家企业软件制造商正在洽谈收购电子病历公司 Cerner，交易价值可能为 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>联邦快递公司 (FedEx Corp) 周四恢复了最初的 2022 财年预测，尽管持续的劳动力困境削弱了利润，但该公司股价上涨近 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发行量与上涨发行量的比例为 1.50 比 1；在纳斯达克，1.16比1的比率有利于进步人士。</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；纳斯达克综合指数创下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，受到大型科技公司的拖累，投资者担心奥密克戎冠状病毒变种，并消化了美联储更快结束大流行时代刺激措施的决定。</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>在美联储周三暗示到 2022 年底加息三个四分之一个百分点以应对通胀飙升后，美国三大股指本周全部下跌。</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个主要板块指数全部下跌，其中金融股领跌2.3%。能源损失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>辉瑞公司周五表示，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，快速传播的奥密克戎冠状病毒变种再次感染人们的可能性是其前身德尔塔的五倍。</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>“这是一个重要的期权到期日，”新泽西州查塔姆 Themis Trading 的交易联席经理 Joe Saluzzi 表示。“现在你再加上一些奥密克戎，你就会出现波动，我认为这会给投资者带来很多不确定性。你打算在年底前把仓位放在哪里？”</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>2021年，英伟达和微软等权重成长股的表现优于大盘，而费城东南半导体指数则飙升约35%。同期，基准标普500指数上涨约 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>在周五的交易中，道琼斯工业平均指数下跌1.48%，收于35,365.44点，而标普500指数下跌1.03%，至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>从积极的方面来看，小盘股罗素 2000 指数在从 11 月初的历史高点下跌超过 10% 后反弹 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指数下跌1.9%，道琼斯指数下跌1.7%，纳斯达克指数下跌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>在周五的交易中，甲骨文暴跌 6.4%，此前《华尔街日报》报道了这家企业软件制造商正在洽谈收购电子病历公司 Cerner，交易价值可能为 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>联邦快递公司 (FedEx Corp) 周四恢复了最初的 2022 财年预测，尽管持续的劳动力困境削弱了利润，但该公司股价上涨近 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发行量与上涨发行量的比例为 1.50 比 1；在纳斯达克，1.16比1的比率有利于进步人士。</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；纳斯达克综合指数创下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":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"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":{".IXIC":0.9,".SPX":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":5214,"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,"idStr":"3572235673675008","authorIdStr":"3572235673675008"},"themes":[],"title":"","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":5275,"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,"idStr":"3572235673675008","authorIdStr":"3572235673675008"},"themes":[],"title":"","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.laohunote.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：不稳定的商业模式，先发优势是一个神话</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>插头销量越多，消耗的现金就越多，这引发了人们对盈利能力的担忧。</li><li>氢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，该公司被高估了。</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>自从我最近一篇报道普拉格能源 (PLUG) 的文章给予持有评级以来，在新收购带来的收入势头和推动企业寻求降低碳足迹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 以微薄的利润销售其产品，在许多情况下，甚至低于成本。</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 采用了已有 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和全球安全支柱 BAE Systems (OTCPK:BAESF)。沃伦·巴菲特评估投资基本原理的测试是，如果有机会，你是否愿意购买整个公司而不是股票。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，还是使用你在中学时在科学课上制造的相同电池的燃料电池“FC”公司？鉴于其低竞争护城河、薄利润率和高市盈率，我认为 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>通用电气 (GE)、霍尼韦尔 (HON) 或西门子 (OTCPK: SIEGY) 绝对没有什么是 PLUG 做不到的。PLUG 的旗舰产品是燃料电池，依赖于几十年来基本相同的技术。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>我们相信，我们和我们的竞争对手都无法在目前用于 PEM 燃料电池系统的基本技术上获得重要的专有地位 - 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 电堆需要经常更换。氢也很昂贵，比电力和化石燃料还要昂贵。PLUG 和其他氢能公司所做的事情，取得了不同程度的成功，就是找到降低这些成本的方法。作为一家“领先”氢能公司积累的专业知识具有一定的价值。为了客观起见，人们必须承认PLUG的产品设计中可能有一些知识产权价值。然而，我并不认为它的工程实力接近工业巨头，也不足以满足客户的期望。</blockquote></p><p> <b>Margins</b></p><p><blockquote><b>保证金</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，而太阳能或风能在过去几年中见证了快速的技术进步，显着降低了成本。生产氢气的步骤进行多个能量转换阶段，导致能量浪费，从而降低了效率。PLUG 制造的大多数固定式燃气轮机都有内部转换器，可以将天然气转化为氢气来为燃气轮机供电，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，它使用可再生能源为电解槽提供电力，产生用于为 FC 提供燃料以发电的氢气。同样，多个转换过程会导致能源浪费，从而导致效率低下。这可能就是埃隆·马斯克将 FC 描述为“令人难以置信的愚蠢”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的科学也让它不可能在价格上竞争。因此，氢公司亏本销售产品的情况很常见，希望找到其他盈利方式，例如维护、服务或加油。上个季度，PLUG 放弃了其亚马逊 (AMZN) 股票认股权证的条件，并将其交给该公司以换取 GenDrive 合同。随着股价上涨，亚马逊认股权证的成本超过了收入，造成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>数据由YCharts提供</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 meme 股票的繁荣，筹集了大量现金。一夜之间，该公司从一只濒临破产的细价股变成了一家市值数十亿美元的公司，其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，随着业务的扩张，该公司将增加现金消耗，在筹集额外资金之前，将在 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>数据由YCharts提供</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GenDrive，其叉车FC发动机，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，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，包括其固定 FC，以 GenSure 的名义销售，并且在过去限制了盈利能力。现在，随着棺材装满，它可以奢侈地选择最有利可图、限制较少的项目。从战略上看，该公司将在中短期内专注于绿色氢气生产和电解槽销售，而较少关注 GenDrive 和 GenSure（固定 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，特别是利用可再生能源生产的绿色氢气，这就是它收购联合氢气和框架集团的原因。</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战壕，再加上火热的电解槽市场，将创造收入顺风。然而，工业部门的特点是利润微薄，就插头而言，这进一步受到竞争动态的限制。该股受到投机势头的推动，今天盘前对 PLUG 与爱迪生汽车公司签署协议开发 FC 燃料巴士的消息的反应就证明了这一点，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>公司向不同领域扩张的速度也过快，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上捕捉到了这种情绪：</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，去年，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。但我有口供，对吧？我头晕，对吧？我一直关注这家公司。我认识你们的很多合作伙伴，很多供应链中的关键人物。当我与投资者交谈时，他们正在寻找许多不同的方向，而他们——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。氢是一种一旦市场盈利就可以轻松生产的商品，削弱了管理层“先发优势”的论点。该公司一直在锁定无利可图的长期合同，特别是在 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，所有大型工业企业都将进入市场。我预计公司将在 2023 年筹集更多股本。上个月，它收购了 Frames Group，雇佣了更多员工，降低了运营和管理费用。</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：不稳定的商业模式，先发优势是一个神话</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：不稳定的商业模式，先发优势是一个神话</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>插头销量越多，消耗的现金就越多，这引发了人们对盈利能力的担忧。</li><li>氢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，该公司被高估了。</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>自从我最近一篇报道普拉格能源 (PLUG) 的文章给予持有评级以来，在新收购带来的收入势头和推动企业寻求降低碳足迹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 以微薄的利润销售其产品，在许多情况下，甚至低于成本。</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 采用了已有 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和全球安全支柱 BAE Systems (OTCPK:BAESF)。沃伦·巴菲特评估投资基本原理的测试是，如果有机会，你是否愿意购买整个公司而不是股票。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，还是使用你在中学时在科学课上制造的相同电池的燃料电池“FC”公司？鉴于其低竞争护城河、薄利润率和高市盈率，我认为 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>通用电气 (GE)、霍尼韦尔 (HON) 或西门子 (OTCPK: SIEGY) 绝对没有什么是 PLUG 做不到的。PLUG 的旗舰产品是燃料电池，依赖于几十年来基本相同的技术。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>我们相信，我们和我们的竞争对手都无法在目前用于 PEM 燃料电池系统的基本技术上获得重要的专有地位 - 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 电堆需要经常更换。氢也很昂贵，比电力和化石燃料还要昂贵。PLUG 和其他氢能公司所做的事情，取得了不同程度的成功，就是找到降低这些成本的方法。作为一家“领先”氢能公司积累的专业知识具有一定的价值。为了客观起见，人们必须承认PLUG的产品设计中可能有一些知识产权价值。然而，我并不认为它的工程实力接近工业巨头，也不足以满足客户的期望。</blockquote></p><p> <b>Margins</b></p><p><blockquote><b>保证金</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，而太阳能或风能在过去几年中见证了快速的技术进步，显着降低了成本。生产氢气的步骤进行多个能量转换阶段，导致能量浪费，从而降低了效率。PLUG 制造的大多数固定式燃气轮机都有内部转换器，可以将天然气转化为氢气来为燃气轮机供电，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，它使用可再生能源为电解槽提供电力，产生用于为 FC 提供燃料以发电的氢气。同样，多个转换过程会导致能源浪费，从而导致效率低下。这可能就是埃隆·马斯克将 FC 描述为“令人难以置信的愚蠢”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的科学也让它不可能在价格上竞争。因此，氢公司亏本销售产品的情况很常见，希望找到其他盈利方式，例如维护、服务或加油。上个季度，PLUG 放弃了其亚马逊 (AMZN) 股票认股权证的条件，并将其交给该公司以换取 GenDrive 合同。随着股价上涨，亚马逊认股权证的成本超过了收入，造成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>数据由YCharts提供</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 meme 股票的繁荣，筹集了大量现金。一夜之间，该公司从一只濒临破产的细价股变成了一家市值数十亿美元的公司，其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，随着业务的扩张，该公司将增加现金消耗，在筹集额外资金之前，将在 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>数据由YCharts提供</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GenDrive，其叉车FC发动机，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，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，包括其固定 FC，以 GenSure 的名义销售，并且在过去限制了盈利能力。现在，随着棺材装满，它可以奢侈地选择最有利可图、限制较少的项目。从战略上看，该公司将在中短期内专注于绿色氢气生产和电解槽销售，而较少关注 GenDrive 和 GenSure（固定 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，特别是利用可再生能源生产的绿色氢气，这就是它收购联合氢气和框架集团的原因。</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战壕，再加上火热的电解槽市场，将创造收入顺风。然而，工业部门的特点是利润微薄，就插头而言，这进一步受到竞争动态的限制。该股受到投机势头的推动，今天盘前对 PLUG 与爱迪生汽车公司签署协议开发 FC 燃料巴士的消息的反应就证明了这一点，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>公司向不同领域扩张的速度也过快，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上捕捉到了这种情绪：</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，去年，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。但我有口供，对吧？我头晕，对吧？我一直关注这家公司。我认识你们的很多合作伙伴，很多供应链中的关键人物。当我与投资者交谈时，他们正在寻找许多不同的方向，而他们——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。氢是一种一旦市场盈利就可以轻松生产的商品，削弱了管理层“先发优势”的论点。该公司一直在锁定无利可图的长期合同，特别是在 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，所有大型工业企业都将进入市场。我预计公司将在 2023 年筹集更多股本。上个月，它收购了 Frames Group，雇佣了更多员工，降低了运营和管理费用。</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":3991,"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,"idStr":"3572235673675008","authorIdStr":"3572235673675008"},"themes":[],"title":"","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":3979,"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,"idStr":"3572235673675008","authorIdStr":"3572235673675008"},"themes":[],"title":"","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":3405,"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,"idStr":"3572235673675008","authorIdStr":"3572235673675008"},"themes":[],"title":"","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.laohunote.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>美联储将大幅减少每月债券购买，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个迹象，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>首先，美联储表示将加快减少每月债券购买规模。</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>从1月份开始，美联储每月将购买600亿美元债券，是11月份缩减债券规模前水平的一半，比12月份减少300亿美元。美联储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>在此之后，央行预计将在 3 月份左右开始加息，而在本周的会议上，利率一直保持稳定。</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，明年加息两次，2024 年再加息两次。</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的举措获得了一致通过，这是对其 108 年历史上最宽松政策的重大调整。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>“声明说：”与大流行病和经济重新开放有关的供需失衡继续导致通货膨胀水平上升。</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，“近几个月来就业增长稳健，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货膨胀，消费者价格正处于 39 年来的最高水平。11 月份批发价格上涨 9.6%，创下有记录以来最快的涨幅，这表明通胀压力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（Jerome Powell）将通胀定义为不太可能给经济留下持久印记。他和其他央行领导人以及财政部长珍妮特·耶伦都强调，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的异常需求，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，这个词已经变成了贬义词，会后声明取消了它。鲍威尔在上个月的国会作证时传达了这一举动，他说：“现在可能是时候收回这个词，并试图更清楚地解释我们的意思了。”</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制定的政策发生了戏剧性的转变。被称为 “灵活的平均通胀目标”，这意味着它对通胀率略高于或低于其长期持有的 2% 目标感到满意。</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病期间遭受的打击。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 “过渡性 ”说法受到质疑，通胀开始变得更加强劲和持久，美联储不得不重新考虑其意图并改变方向。</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>资产购买缩减于11月开始，减少了100亿美元的国债购买和50亿美元的抵押贷款支持证券。这使得当月的购买量分别达到 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，美国国债持有量增加了520亿美元，MBS实际上减少了230亿美元。过去 12 个月，美国国债持有量增加了 9,780 亿美元，而 MBS 增加了 5,670 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>根据也称为量化宽松的计划的新条款，美联储将加速其持有量的减少，直到不再增加其投资组合。这将在春季结束量化宽松，并允许美联储随时加息。美联储表示，可能不会同时加息和继续购买债券，因为这两项举措将具有交叉目的。</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，开始允许其当前持有的债券收益每月以可控的速度流失。</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 的美国东部时间新闻发布会上就资产负债表的未来提出质疑，自疫情初期以来，资产负债表已经扩大了近 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>美联储将大幅减少每月债券购买，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; 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color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFed will aggressively dial back its monthly bond buying, sees three rate hikes next year<blockquote>美联储将大幅减少每月债券购买，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个迹象，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>首先，美联储表示将加快减少每月债券购买规模。</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>从1月份开始，美联储每月将购买600亿美元债券，是11月份缩减债券规模前水平的一半，比12月份减少300亿美元。美联储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>在此之后，央行预计将在 3 月份左右开始加息，而在本周的会议上，利率一直保持稳定。</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，明年加息两次，2024 年再加息两次。</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的举措获得了一致通过，这是对其 108 年历史上最宽松政策的重大调整。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>“声明说：”与大流行病和经济重新开放有关的供需失衡继续导致通货膨胀水平上升。</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，“近几个月来就业增长稳健，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货膨胀，消费者价格正处于 39 年来的最高水平。11 月份批发价格上涨 9.6%，创下有记录以来最快的涨幅，这表明通胀压力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（Jerome Powell）将通胀定义为不太可能给经济留下持久印记。他和其他央行领导人以及财政部长珍妮特·耶伦都强调，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的异常需求，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，这个词已经变成了贬义词，会后声明取消了它。鲍威尔在上个月的国会作证时传达了这一举动，他说：“现在可能是时候收回这个词，并试图更清楚地解释我们的意思了。”</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制定的政策发生了戏剧性的转变。被称为 “灵活的平均通胀目标”，这意味着它对通胀率略高于或低于其长期持有的 2% 目标感到满意。</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病期间遭受的打击。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 “过渡性 ”说法受到质疑，通胀开始变得更加强劲和持久，美联储不得不重新考虑其意图并改变方向。</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>资产购买缩减于11月开始，减少了100亿美元的国债购买和50亿美元的抵押贷款支持证券。这使得当月的购买量分别达到 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，美国国债持有量增加了520亿美元，MBS实际上减少了230亿美元。过去 12 个月，美国国债持有量增加了 9,780 亿美元，而 MBS 增加了 5,670 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>根据也称为量化宽松的计划的新条款，美联储将加速其持有量的减少，直到不再增加其投资组合。这将在春季结束量化宽松，并允许美联储随时加息。美联储表示，可能不会同时加息和继续购买债券，因为这两项举措将具有交叉目的。</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，开始允许其当前持有的债券收益每月以可控的速度流失。</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 的美国东部时间新闻发布会上就资产负债表的未来提出质疑，自疫情初期以来，资产负债表已经扩大了近 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":3816,"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,"idStr":"3572235673675008","authorIdStr":"3572235673675008"},"themes":[],"title":"","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":4669,"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,"idStr":"3572235673675008","authorIdStr":"3572235673675008"},"themes":[],"title":"","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.laohunote.com/m/news/1172651405?lang=zh_CN&edition=full","pubTime":"2021-12-16 03:09","market":"us","language":"en","title":"Dow industrials pop up and stock market tries to clamber higher, even as Fed projections point to 3 rate hikes in 2022<blockquote>尽管美联储预测 2022 年将加息 3 次，陶氏工业指数突然上涨，股市试图攀升</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1172651405","media":"Tiger Newspress","summary":"U.S. stock benchmarks on Wednesday afternoon were pivoting modestly higher as the Federal Reserve he","content":"<p>U.S. stock benchmarks on Wednesday afternoon were pivoting modestly higher as the Federal Reserve held interest rates steady, as expected, but quickened the pace of wind-down of its bond-buying program, opening the door to interest-rate increases in the first half of 2022. </p><p><blockquote>周三下午，美国股市基准小幅走高，美联储如预期维持利率稳定，但加快了逐步缩减债券购买计划的步伐，为2022年上半年加息打开了大门。</blockquote></p><p> Projections from the Fed point to three rate increases next year, with the current fed-funds rate at a range between 0% and 0.25%. Fed Chairman Jerome Powell will host a news conference at 2:30 p.m. ET to discuss the central bank's updated policy. </p><p><blockquote>美联储预测明年将加息三次，目前联邦基金利率在0%至0.25%之间。美联储主席杰罗姆·鲍威尔将于下午 2:30 主持新闻发布会。美国东部时间讨论央行的最新政策。</blockquote></p><p> The move to end the stimulus program sooner than officials planned at their meeting last month offers the most concrete sign of how Powell's focus has shifted toward preventing higher inflation from becoming entrenched. </p><p><blockquote>比官员们在上个月的会议上计划更早结束刺激计划的举动提供了最具体的迹象，表明鲍威尔的重点已经转向防止更高的通胀根深蒂固。</blockquote></p><p> But the updated policy comes as the omicron variant of the coronavirus that causes COVID-19 spreads, sparking fresh concerns about economic recovery and supply-chain bottlenecks that have helped underpin rising inflation. </p><p><blockquote>但更新后的政策出台之际，冠状病毒的奥密克戎变种导致了 COVID-19 的传播，引发了人们对经济复苏和供应链瓶颈的新担忧，而这些瓶颈有助于支撑通胀上升。</blockquote></p><p> The Dow Jones Industrial Average&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突然进入正值区域，上涨 0.3%，至 35,645 点，标普500指数上涨 0.3%，至 4,650 点，纳斯达克综合指数短暂上涨不到 0.1%，至 15,269 点。10 年期国债收益率从美联储更新前的 1.44% 左右升至 1.46%。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Dow industrials pop up and stock market tries to clamber higher, even as Fed projections point to 3 rate hikes in 2022<blockquote>尽管美联储预测 2022 年将加息 3 次，陶氏工业指数突然上涨，股市试图攀升</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDow industrials pop up and stock market tries to clamber higher, even as Fed projections point to 3 rate hikes in 2022<blockquote>尽管美联储预测 2022 年将加息 3 次，陶氏工业指数突然上涨，股市试图攀升</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-12-16 03:09</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>U.S. stock benchmarks on Wednesday afternoon were pivoting modestly higher as the Federal Reserve held interest rates steady, as expected, but quickened the pace of wind-down of its bond-buying program, opening the door to interest-rate increases in the first half of 2022. </p><p><blockquote>周三下午，美国股市基准小幅走高，美联储如预期维持利率稳定，但加快了逐步缩减债券购买计划的步伐，为2022年上半年加息打开了大门。</blockquote></p><p> Projections from the Fed point to three rate increases next year, with the current fed-funds rate at a range between 0% and 0.25%. Fed Chairman Jerome Powell will host a news conference at 2:30 p.m. ET to discuss the central bank's updated policy. </p><p><blockquote>美联储预测明年将加息三次，目前联邦基金利率在0%至0.25%之间。美联储主席杰罗姆·鲍威尔将于下午 2:30 主持新闻发布会。美国东部时间讨论央行的最新政策。</blockquote></p><p> The move to end the stimulus program sooner than officials planned at their meeting last month offers the most concrete sign of how Powell's focus has shifted toward preventing higher inflation from becoming entrenched. </p><p><blockquote>比官员们在上个月的会议上计划更早结束刺激计划的举动提供了最具体的迹象，表明鲍威尔的重点已经转向防止更高的通胀根深蒂固。</blockquote></p><p> But the updated policy comes as the omicron variant of the coronavirus that causes COVID-19 spreads, sparking fresh concerns about economic recovery and supply-chain bottlenecks that have helped underpin rising inflation. </p><p><blockquote>但更新后的政策出台之际，冠状病毒的奥密克戎变种导致了 COVID-19 的传播，引发了人们对经济复苏和供应链瓶颈的新担忧，而这些瓶颈有助于支撑通胀上升。</blockquote></p><p> The Dow Jones Industrial Average&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突然进入正值区域，上涨 0.3%，至 35,645 点，标普500指数上涨 0.3%，至 4,650 点，纳斯达克综合指数短暂上涨不到 0.1%，至 15,269 点。10 年期国债收益率从美联储更新前的 1.44% 左右升至 1.46%。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1172651405","content_text":"U.S. stock benchmarks on Wednesday afternoon were pivoting modestly higher as the Federal Reserve held interest rates steady, as expected, but quickened the pace of wind-down of its bond-buying program, opening the door to interest-rate increases in the first half of 2022. \nProjections from the Fed point to three rate increases next year, with the current fed-funds rate at a range between 0% and 0.25%. Fed Chairman Jerome Powell will host a news conference at 2:30 p.m. ET to discuss the central bank's updated policy. \nThe move to end the stimulus program sooner than officials planned at their meeting last month offers the most concrete sign of how Powell's focus has shifted toward preventing higher inflation from becoming entrenched. \nBut the updated policy comes as the omicron variant of the coronavirus that causes COVID-19 spreads, sparking fresh concerns about economic recovery and supply-chain bottlenecks that have helped underpin rising inflation. \nThe Dow Jones Industrial Average popped into positive territory, up 0.3% at 35,645, the S&P 500 index climbed 0.3% to 4,650, and the Nasdaq Composite Index briefly climbed to less than 0.1% higher at 15,269. The 10-year Treasury note yields 1.46% from around 1.44% before the Fed update.","news_type":1,"symbols_score_info":{".SPX":0.9,".DJI":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":4831,"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,"idStr":"3572235673675008","authorIdStr":"3572235673675008"},"themes":[],"title":"","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.laohunote.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·鲍威尔在联邦公开市场委员会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”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“给前景带来了风险”。</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的去向。我们关注的是更广泛的经济问题，”他说。</li></ul><ul><li><b>美国东部时间下午3:23：</b>央行委员会“根本没有就资产负债表决算何时开始做出任何决定”。“我们确实讨论了资产负债表问题，我们将在下次会议上再次讨论……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>资产购买决策和提高利率是两个独立的决策。政策制定者尚未讨论缩减规模结束后利率是否会立即上升。</li><li><b>美国东部时间下午3:20：</b>“三月份之后，我们可以在适当的时候加息，”他说。</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>：“资产估值有点高，”他在金融风险方面说，“企业有债务，但违约率很低。”货币市场基金是一个漏洞。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：“通胀根深蒂固的风险增加了。我认为通胀水平不高，但确实增加了。”他说，这是一个重大风险，还有病毒本身。</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，纳斯达克指数上涨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>鲍威尔说：“我们得到的通货膨胀根本不是我们在框架中谈论或寻找的通货膨胀。”大流行后的通胀是由供应方障碍引发的，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>转向通胀：“工资并不是我们看到的高通胀的重要组成部分，”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 月初发布 11 月份就业报告后决定美联储需要加快缩减规模。</li></ul><ul><li><b>下午2:53：</b>鲍威尔表示，尽管奥密克戎对经济前景构成风险，但加速缩减规模是有必要的。在这一点上，“很难说经济影响会是什么......提前结束缩减规模是合适的，奥密克戎与此无关”。</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2:44</b>：他预计美联储不会在缩减规模结束前开始加息。他表示，在增加资产购买的同时提高利率“是不合适的”。</li><li><b>美国东部时间下午2:42：</b>“我们距离完成缩减规模基本上还有两次会议，”他指出。</li><li><b>美国东部时间下午2:40：</b>当被问及最大就业率是多少时，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，因为它涉及一系列因素。我们正在朝着最大限度就业迈进。”</li><li>早些时候，由于通胀居高不下且劳动力市场保持强劲，联邦公开市场委员会将缩减规模的步伐加倍，达到每月 300 亿美元。</li><li>央行缩减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·鲍威尔在联邦公开市场委员会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”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“给前景带来了风险”。</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的去向。我们关注的是更广泛的经济问题，”他说。</li></ul><ul><li><b>美国东部时间下午3:23：</b>央行委员会“根本没有就资产负债表决算何时开始做出任何决定”。“我们确实讨论了资产负债表问题，我们将在下次会议上再次讨论……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>资产购买决策和提高利率是两个独立的决策。政策制定者尚未讨论缩减规模结束后利率是否会立即上升。</li><li><b>美国东部时间下午3:20：</b>“三月份之后，我们可以在适当的时候加息，”他说。</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>：“资产估值有点高，”他在金融风险方面说，“企业有债务，但违约率很低。”货币市场基金是一个漏洞。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：“通胀根深蒂固的风险增加了。我认为通胀水平不高，但确实增加了。”他说，这是一个重大风险，还有病毒本身。</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，纳斯达克指数上涨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>鲍威尔说：“我们得到的通货膨胀根本不是我们在框架中谈论或寻找的通货膨胀。”大流行后的通胀是由供应方障碍引发的，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>转向通胀：“工资并不是我们看到的高通胀的重要组成部分，”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 月初发布 11 月份就业报告后决定美联储需要加快缩减规模。</li></ul><ul><li><b>下午2:53：</b>鲍威尔表示，尽管奥密克戎对经济前景构成风险，但加速缩减规模是有必要的。在这一点上，“很难说经济影响会是什么......提前结束缩减规模是合适的，奥密克戎与此无关”。</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2:44</b>：他预计美联储不会在缩减规模结束前开始加息。他表示，在增加资产购买的同时提高利率“是不合适的”。</li><li><b>美国东部时间下午2:42：</b>“我们距离完成缩减规模基本上还有两次会议，”他指出。</li><li><b>美国东部时间下午2:40：</b>当被问及最大就业率是多少时，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，因为它涉及一系列因素。我们正在朝着最大限度就业迈进。”</li><li>早些时候，由于通胀居高不下且劳动力市场保持强劲，联邦公开市场委员会将缩减规模的步伐加倍，达到每月 300 亿美元。</li><li>央行缩减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":3833,"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,"idStr":"3572235673675008","authorIdStr":"3572235673675008"},"themes":[],"title":"","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.laohunote.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，早盘交易上涨近 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>Uber 与 Clear Secure 合作，早盘交易中股价上涨近 7%。Clear Secure (YOU) 和 Uber (UBER) 宣布建立合作伙伴关系，将把 Uber 的乘车平台直接集成到 Clear 应用程序的“家门口”功能中。通过这种合作伙伴关系，Clear app用户将能够使用Home to Gate功能及其数据驱动的洞察力来准确找出何时出发搭乘航班，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，早盘交易上涨近 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，早盘交易上涨近 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>Uber 与 Clear Secure 合作，早盘交易中股价上涨近 7%。Clear Secure (YOU) 和 Uber (UBER) 宣布建立合作伙伴关系，将把 Uber 的乘车平台直接集成到 Clear 应用程序的“家门口”功能中。通过这种合作伙伴关系，Clear app用户将能够使用Home to Gate功能及其数据驱动的洞察力来准确找出何时出发搭乘航班，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":1104,"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,"idStr":"3572235673675008","authorIdStr":"3572235673675008"},"themes":[],"title":"","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":1651,"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,"idStr":"3572235673675008","authorIdStr":"3572235673675008"},"themes":[],"title":"","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":1709,"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,"idStr":"3572235673675008","authorIdStr":"3572235673675008"},"themes":[],"title":"","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":1360,"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,"idStr":"3572235673675008","authorIdStr":"3572235673675008"},"themes":[],"title":"","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":1128,"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,"idStr":"3572235673675008","authorIdStr":"3572235673675008"},"themes":[],"title":"","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":1296,"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,"idStr":"3572235673675008","authorIdStr":"3572235673675008"},"themes":[],"title":"","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.laohunote.com/m/news/1103250344?lang=zh_CN&edition=full","pubTime":"2021-12-12 11:44","market":"sh","language":"en","title":"US IPO Week Ahead: IoT solutions, wine, and satellites in a 3 IPO week<blockquote>美国 IPO 周即将到来：物联网解决方案、葡萄酒和卫星在 IPO 第三周</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，三次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商<b>轮回</b>（物联网）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。快速增长但高度无利可图，Samsara 在 2022 财年的 9 个月中，ARR 超过 10 万美元的客户实现了两位数的增长。</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>新鲜葡萄酒</b>(VINE) 计划以 1.16 亿美元的市值筹集 2100 万美元。这家名人创办的公司生产低碳水化合物、低热量的优质葡萄酒。Fresh Vine正在增长，但非常无利可图，它通过批发、零售和DTC渠道销售葡萄酒，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>微帽卫星显影剂<b>Sidus空间</b>（SIDU）计划以8100万美元的市值筹集1500万美元。该公司提供商业卫星服务，如设计、制造、发射和数据收集。Sidus Space 迄今为止已产生与航天相关的制造收入，但在 2021 年 9 月毛利率为负，高度无利可图。</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 周即将到来：物联网解决方案、葡萄酒和卫星在 IPO 第三周</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 周即将到来：物联网解决方案、葡萄酒和卫星在 IPO 第三周</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，三次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商<b>轮回</b>（物联网）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。快速增长但高度无利可图，Samsara 在 2022 财年的 9 个月中，ARR 超过 10 万美元的客户实现了两位数的增长。</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>新鲜葡萄酒</b>(VINE) 计划以 1.16 亿美元的市值筹集 2100 万美元。这家名人创办的公司生产低碳水化合物、低热量的优质葡萄酒。Fresh Vine正在增长，但非常无利可图，它通过批发、零售和DTC渠道销售葡萄酒，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>微帽卫星显影剂<b>Sidus空间</b>（SIDU）计划以8100万美元的市值筹集1500万美元。该公司提供商业卫星服务，如设计、制造、发射和数据收集。Sidus Space 迄今为止已产生与航天相关的制造收入，但在 2021 年 9 月毛利率为负，高度无利可图。</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","SIDU":"Sidus Space Inc.",".DJI":"道琼斯","IOT":"Samsara, Inc.",".IXIC":"NASDAQ Composite"},"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":{".IXIC":0,"IOT":0,".DJI":0,".SPX":0,"VINE":0,"SIDU":0}},"isVote":1,"tweetType":1,"viewCount":1301,"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,"idStr":"3572235673675008","authorIdStr":"3572235673675008"},"themes":[],"title":"","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":1038,"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,"idStr":"3572235673675008","authorIdStr":"3572235673675008"},"themes":[],"title":"","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.laohunote.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将在开盘前公布每股 0.50 美元的季度收益，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将在开盘前公布每股 0.50 美元的季度收益，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","AVGO":"博通","RH":"RH","GME":"游戏驿站","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":{"COST":0.9,"BRCM":0.9,"AVGO":0.9,"GME":0.9,"RH":0.9,"HRL":0.9}},"isVote":1,"tweetType":1,"viewCount":1166,"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,"idStr":"3572235673675008","authorIdStr":"3572235673675008"},"themes":[],"title":"","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":1205,"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,"authorIdStr":"3572235673675008","idStr":"3572235673675008"},"themes":[],"title":"","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.laohunote.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，甚至尚未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 的亚马逊股价目标表明有 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>我根据上一季度的业绩介绍了我对亚马逊 (AMZN) 的全面分析。</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，让我们评估一下我们是否可以从统计数据上说明亚马逊的增长在上一季度是加速还是放缓。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”细分市场的动态显示出质的突破。在不考虑过去四个季度的情况下，这里观察到了近乎线性的趋势。现在，它已经成倍增长：</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 - 加速依然存在，上一季度的业绩好于趋势：</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）分部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>‘亚马逊网络服务’的增长趋势有所放缓，但从上个季度的业绩来看，有逐渐恢复到之前的趋势：</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，亚马逊的收入也明显好于趋势：</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，从统计学上，而不是主观上，我们应该认识到公司增长的加速</i><i><b>在所有关键分部</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。在过去的10年里，亚马逊的资本化与其收入一直处于定性的线性关系：</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>大家可以看到，首先，这个模型表明公司目前的价格已经</i><i><b>低于平衡水平</b></i><i>其次，它假设</i><i><b>25%的增长</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>在上一节中，我根据收入模拟了亚马逊的平衡价格。值得注意的是，如果我们对公司使用倍数的比较估值应用同样的方法，我们将失败。至少我还没有找到一个基于收入的倍数，可以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：Seeking 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，我还从分析师对该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，营业利润率在最后一年逐步增加到8%是一个非常现实的场景。</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方法：</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，我使用股票风险溢价（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）。对于最后一年，我使用了等于1的Beta。</li><li>为了计算债务成本，我使用了2019年和2020年的利息支出除以同年的债务价值。</li></ul>这是模型本身：</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>基于 DCF 的亚马逊股票目标价为 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，甚至尚未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，并不意味着其资本化不断被低估。但在这种情况下，根据公司的资本和收入参数之间的模式，我们可以得出结论，该公司是<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 模型分析师表明估值被低估了 30%。今年年初，一个类似的模型表明估值被低估了 20%。</li><li>当你看到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，甚至尚未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 的亚马逊股价目标表明有 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>我根据上一季度的业绩介绍了我对亚马逊 (AMZN) 的全面分析。</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，让我们评估一下我们是否可以从统计数据上说明亚马逊的增长在上一季度是加速还是放缓。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”细分市场的动态显示出质的突破。在不考虑过去四个季度的情况下，这里观察到了近乎线性的趋势。现在，它已经成倍增长：</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 - 加速依然存在，上一季度的业绩好于趋势：</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）分部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>‘亚马逊网络服务’的增长趋势有所放缓，但从上个季度的业绩来看，有逐渐恢复到之前的趋势：</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，亚马逊的收入也明显好于趋势：</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，从统计学上，而不是主观上，我们应该认识到公司增长的加速</i><i><b>在所有关键分部</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。在过去的10年里，亚马逊的资本化与其收入一直处于定性的线性关系：</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>大家可以看到，首先，这个模型表明公司目前的价格已经</i><i><b>低于平衡水平</b></i><i>其次，它假设</i><i><b>25%的增长</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>在上一节中，我根据收入模拟了亚马逊的平衡价格。值得注意的是，如果我们对公司使用倍数的比较估值应用同样的方法，我们将失败。至少我还没有找到一个基于收入的倍数，可以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：Seeking 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，我还从分析师对该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，营业利润率在最后一年逐步增加到8%是一个非常现实的场景。</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方法：</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，我使用股票风险溢价（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）。对于最后一年，我使用了等于1的Beta。</li><li>为了计算债务成本，我使用了2019年和2020年的利息支出除以同年的债务价值。</li></ul>这是模型本身：</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>基于 DCF 的亚马逊股票目标价为 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，甚至尚未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，并不意味着其资本化不断被低估。但在这种情况下，根据公司的资本和收入参数之间的模式，我们可以得出结论，该公司是<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 模型分析师表明估值被低估了 30%。今年年初，一个类似的模型表明估值被低估了 20%。</li><li>当你看到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":736,"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,"authorIdStr":"3572235673675008","idStr":"3572235673675008"},"themes":[],"title":"","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":473,"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,"authorIdStr":"3572235673675008","idStr":"3572235673675008"},"themes":[],"title":"","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":694,"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,"authorIdStr":"3572235673675008","idStr":"3572235673675008"},"themes":[],"title":"","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":546,"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,"authorIdStr":"3572235673675008","idStr":"3572235673675008"},"themes":[],"title":"","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.laohunote.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 股价盘前下跌近 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>两位知情人士称，中国市场监管机构已开始对中国最大的房地产经纪商科科控股涉嫌反竞争行为展开调查，科科控股的主要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 股价盘前下跌近 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>两位知情人士称，中国市场监管机构已开始对中国最大的房地产经纪商科科控股涉嫌反竞争行为展开调查，科科控股的主要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":622,"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,"authorIdStr":"3572235673675008","idStr":"3572235673675008"},"themes":[],"title":"","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":631,"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,"authorIdStr":"3572235673675008","idStr":"3572235673675008"},"themes":[],"title":"","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.laohunote.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2057.4亿元，去年同期为1537.5亿元；FactSet共识人民币209.11亿元。</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。每股收益为16.60元，去年同期为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日止季度：</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2057.40亿元（318.65亿美元），同比增长34%。剔除高鑫艺术的合并，我们的收入将同比增长22%至人民币1873.06亿元（290.10亿美元）。</li><li><b>年度活跃消费者</b>截至2021年6月30日止12个月，全球阿里巴巴-SW生态系统的数量约为11.8亿，比截至2021年3月31日止12个月增加了4500万。这包括Lazada、速卖通、Trendyol和Daraz服务的中国9.12亿消费者和2.65亿海外消费者。</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>非 GAAP 衡量标准同比下降 5% 至人民币 486.28 亿元（75.32 亿美元）。<b>经调整EBITA</b>非 GAAP 衡量标准同比下降 8% 至人民币 417.31 亿元（64.63 亿美元）。同比减少主要由于我们在策略领域进行投资以抓住增量机会，如社区市场、淘宝优惠、本地消费者服务和Lazada，以及我们在中国零售市场（如闲鱼和淘宝直播）内的增长计划支出增加，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），<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%，主要由于权益法投资单位应占利润增加所致。</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）及<b>稀释每股盈利</b>为人民币2.05元（0.32美元或2.46港元）。<b>非 GAAP 稀释每股 ADS 收益</b>为人民币16.60元（2.57美元），同比增长12%；<b>非 GAAP 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 GAAP 自由现金流</b>为人民币206.83亿元（32.03亿美元），较二零二零年同一季度的人民币365.70亿元有所减少，主要由于中国国家市场监督管理总局今年早些时候根据中国《反垄断法》开出的人民币182.28亿元罚款（「反垄断罚款」）部分结清金额为人民币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，阿里巴巴中国零售市场拥有9.39亿移动MAU，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>在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），主要得益于来自互联网、金融服务和零售行业客户的收入强劲增长。</blockquote></p><p> <b>Cash Flow from Operating Activities and Free Cash Flow</b></p><p><blockquote><b>经营活动现金流量及自由现金流量</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日止季度，经营活动提供的现金净额为人民币336.03亿元（52.04亿美元），低于2020年同季度的人民币500.99亿元。自由现金流（一种非 GAAP 流动性衡量标准）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）。同比减少主要由于人民币182.28亿元的反垄断罚款人民币91.14亿元（合14.12亿美元）的部分结算，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对账列于本业绩公告末尾。</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日起及透过本业绩公告刊发，我们根据股份购回计划以约3,680百万美元购回约18.1百万股美国存讬股份（相当于约144.5百万股普通股）。此外，于2021年8月2日，我们的董事会授权本公司将本公司的股份回购计划规模从100亿美元扩大至150亿美元。该股份回购计划将于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，因为我们对长期增长前景充满信心。我们的净现金状况依然强劲，自2021年4月1日以来，我们已购回约37亿美元的美国存托凭证。”</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9.39亿个移动端MAU，季度净增1400万个。我们继续扩大在欠发达地区的渗透率，反映了我们在扩大产品范围以满足多元化消费者需求方面的成功。</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>“阿里巴巴-SW以健康的季度开启了新的财年。6 月份的季度，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 月份的季度增加了 4500 万，其中包括 9.12 亿中国区消费者。经过二十多年的发展，我们已经发展成为一家横跨消费互联网和工业互联网的公司，多重引擎推动着我们的长期增长，”张勇集团董事长兼首席执行官阿里巴巴-SW说。“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实现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% 的强劲收入同比增长。正如我们在上一季度业绩公告中所说，我们正在将超额利润和额外资本投资于支持我们的商家，并投资于战略领域，以更好地服务客户并打入新的潜在市场，”阿里巴巴-SW集团首席财务官 Maggie Wu 说。“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，因为我们对长期增长前景充满信心。自 2021 年 4 月 1 日以来，我们已回购了约 37 亿美元的美国存托凭证”。</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2057.4亿元，去年同期为1537.5亿元；FactSet共识人民币209.11亿元。</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。每股收益为16.60元，去年同期为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日止季度：</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2057.40亿元（318.65亿美元），同比增长34%。剔除高鑫艺术的合并，我们的收入将同比增长22%至人民币1873.06亿元（290.10亿美元）。</li><li><b>年度活跃消费者</b>截至2021年6月30日止12个月，全球阿里巴巴-SW生态系统的数量约为11.8亿，比截至2021年3月31日止12个月增加了4500万。这包括Lazada、速卖通、Trendyol和Daraz服务的中国9.12亿消费者和2.65亿海外消费者。</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>非 GAAP 衡量标准同比下降 5% 至人民币 486.28 亿元（75.32 亿美元）。<b>经调整EBITA</b>非 GAAP 衡量标准同比下降 8% 至人民币 417.31 亿元（64.63 亿美元）。同比减少主要由于我们在策略领域进行投资以抓住增量机会，如社区市场、淘宝优惠、本地消费者服务和Lazada，以及我们在中国零售市场（如闲鱼和淘宝直播）内的增长计划支出增加，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），<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%，主要由于权益法投资单位应占利润增加所致。</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）及<b>稀释每股盈利</b>为人民币2.05元（0.32美元或2.46港元）。<b>非 GAAP 稀释每股 ADS 收益</b>为人民币16.60元（2.57美元），同比增长12%；<b>非 GAAP 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 GAAP 自由现金流</b>为人民币206.83亿元（32.03亿美元），较二零二零年同一季度的人民币365.70亿元有所减少，主要由于中国国家市场监督管理总局今年早些时候根据中国《反垄断法》开出的人民币182.28亿元罚款（「反垄断罚款」）部分结清金额为人民币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，阿里巴巴中国零售市场拥有9.39亿移动MAU，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>在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），主要得益于来自互联网、金融服务和零售行业客户的收入强劲增长。</blockquote></p><p> <b>Cash Flow from Operating Activities and Free Cash Flow</b></p><p><blockquote><b>经营活动现金流量及自由现金流量</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日止季度，经营活动提供的现金净额为人民币336.03亿元（52.04亿美元），低于2020年同季度的人民币500.99亿元。自由现金流（一种非 GAAP 流动性衡量标准）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）。同比减少主要由于人民币182.28亿元的反垄断罚款人民币91.14亿元（合14.12亿美元）的部分结算，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对账列于本业绩公告末尾。</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日起及透过本业绩公告刊发，我们根据股份购回计划以约3,680百万美元购回约18.1百万股美国存讬股份（相当于约144.5百万股普通股）。此外，于2021年8月2日，我们的董事会授权本公司将本公司的股份回购计划规模从100亿美元扩大至150亿美元。该股份回购计划将于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，因为我们对长期增长前景充满信心。我们的净现金状况依然强劲，自2021年4月1日以来，我们已购回约37亿美元的美国存托凭证。”</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9.39亿个移动端MAU，季度净增1400万个。我们继续扩大在欠发达地区的渗透率，反映了我们在扩大产品范围以满足多元化消费者需求方面的成功。</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>“阿里巴巴-SW以健康的季度开启了新的财年。6 月份的季度，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 月份的季度增加了 4500 万，其中包括 9.12 亿中国区消费者。经过二十多年的发展，我们已经发展成为一家横跨消费互联网和工业互联网的公司，多重引擎推动着我们的长期增长，”张勇集团董事长兼首席执行官阿里巴巴-SW说。“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实现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% 的强劲收入同比增长。正如我们在上一季度业绩公告中所说，我们正在将超额利润和额外资本投资于支持我们的商家，并投资于战略领域，以更好地服务客户并打入新的潜在市场，”阿里巴巴-SW集团首席财务官 Maggie Wu 说。“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，因为我们对长期增长前景充满信心。自 2021 年 4 月 1 日以来，我们已回购了约 37 亿美元的美国存托凭证”。</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":604,"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,"authorIdStr":"3572235673675008","idStr":"3572235673675008"},"themes":[],"title":"","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.laohunote.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，保持看好股市</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>股市继续以道琼斯工业平均指数为主，纳斯达克明显落后，标普500指数介于中间。这对股票来说不是一个好的情况。</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，如果将军走在军队前面，对市场不利（“将军”指的是通用汽车、通用电气等，即过去道琼斯指数的中流砥柱；“军队”指的是股票的主体）。关键是，如果涨幅很小，并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，无法作为交易系统来实现。我们通常会看到这反映在宽度（现在给出了卖出信号）和新高与新低（也给出了卖出信号）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·麦克米伦</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>一个积极的方面是，SPX 图表仍处于上升趋势，因为移动平均线和 “修正布林带 ”仍在走高。然而，如果标准普尔突破3870点的支撑位，这种上升趋势将受到质疑。从随附的图表可以看出，3,725附近还有进一步的支撑。如果这被打破，空头显然会占据主导地位。与此同时，最近的历史高点 3,985 点代表了阻力位。</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经显着减弱，并且处于卖出信号：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>仅股票的看跌期权与看涨期权比率仍处于 2 月中旬首次产生的卖出信号之下，随着卖出信号的开始迅速上升，卖出信号得到加强。它们在图表上仍然相对较低，这意味着在人们说它们 “超卖 ”之前，还有很大的上涨空间。</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·麦克米伦劳伦斯·麦克米伦</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>在过去的两周里，广度严重恶化——尤其是上周。3 月 18 日和 3 月 19 日，宽度振荡指标产生了卖出信号，此后这些振荡指标一直在暴跌。“仅限股票 ”宽度振荡指标已经跌入超卖区域，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>纽约证券交易所宽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重。</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，累计宽度也大幅下降。这并不是一个信号，但值得注意的是，自 3 月 15 日累计 A-D 线创下历史新高以来，“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>“新高与新低 ”指标也有了重大进展。3月23日，52周新低的数量超过了52周新高，52周新低的数量超过了100个——这是自去年5月以来的第一次。3月24日又出现了这种情况。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、宽度以及新高与新低的负面影响相反的是，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 “尖峰 ”买入信号仍然有效。</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%的走势继续走低，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收盘价为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，这对股市来说将是一个看涨信号。</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·麦克米伦</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 在过去一年的大幅反弹中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信号。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，已实现波动率的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性如此之高令人担忧，那就这样吧。但标准普尔的实际波动率和隐含波动率之间已不再存在显著差异。</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自始至终保持看涨态势。VIX 期货交易价格均高于 VIX，期限结构在即将到来的夏季呈上升趋势。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呈上升趋势。</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>负面反转的第一个迹象是 4 月份 VIX 期货价格高于 5 月份 VIX 期货价格。</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当然是一个令人担忧的原因，因此可以采取小的逆势看跌头寸。然而，标准普尔指数的趋势仍然较高，而VIX指数的趋势仍然较低--这两个因素都是看涨因素。因此，在这两个趋势被打破之前，我们仍维持 “核心 ”看涨头寸。</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，保持看好股市</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，保持看好股市</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>股市继续以道琼斯工业平均指数为主，纳斯达克明显落后，标普500指数介于中间。这对股票来说不是一个好的情况。</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，如果将军走在军队前面，对市场不利（“将军”指的是通用汽车、通用电气等，即过去道琼斯指数的中流砥柱；“军队”指的是股票的主体）。关键是，如果涨幅很小，并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，无法作为交易系统来实现。我们通常会看到这反映在宽度（现在给出了卖出信号）和新高与新低（也给出了卖出信号）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·麦克米伦</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>一个积极的方面是，SPX 图表仍处于上升趋势，因为移动平均线和 “修正布林带 ”仍在走高。然而，如果标准普尔突破3870点的支撑位，这种上升趋势将受到质疑。从随附的图表可以看出，3,725附近还有进一步的支撑。如果这被打破，空头显然会占据主导地位。与此同时，最近的历史高点 3,985 点代表了阻力位。</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经显着减弱，并且处于卖出信号：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>仅股票的看跌期权与看涨期权比率仍处于 2 月中旬首次产生的卖出信号之下，随着卖出信号的开始迅速上升，卖出信号得到加强。它们在图表上仍然相对较低，这意味着在人们说它们 “超卖 ”之前，还有很大的上涨空间。</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·麦克米伦劳伦斯·麦克米伦</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>在过去的两周里，广度严重恶化——尤其是上周。3 月 18 日和 3 月 19 日，宽度振荡指标产生了卖出信号，此后这些振荡指标一直在暴跌。“仅限股票 ”宽度振荡指标已经跌入超卖区域，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>纽约证券交易所宽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重。</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，累计宽度也大幅下降。这并不是一个信号，但值得注意的是，自 3 月 15 日累计 A-D 线创下历史新高以来，“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>“新高与新低 ”指标也有了重大进展。3月23日，52周新低的数量超过了52周新高，52周新低的数量超过了100个——这是自去年5月以来的第一次。3月24日又出现了这种情况。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、宽度以及新高与新低的负面影响相反的是，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 “尖峰 ”买入信号仍然有效。</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%的走势继续走低，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收盘价为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，这对股市来说将是一个看涨信号。</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·麦克米伦</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 在过去一年的大幅反弹中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信号。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，已实现波动率的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性如此之高令人担忧，那就这样吧。但标准普尔的实际波动率和隐含波动率之间已不再存在显著差异。</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自始至终保持看涨态势。VIX 期货交易价格均高于 VIX，期限结构在即将到来的夏季呈上升趋势。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呈上升趋势。</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>负面反转的第一个迹象是 4 月份 VIX 期货价格高于 5 月份 VIX 期货价格。</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当然是一个令人担忧的原因，因此可以采取小的逆势看跌头寸。然而，标准普尔指数的趋势仍然较高，而VIX指数的趋势仍然较低--这两个因素都是看涨因素。因此，在这两个趋势被打破之前，我们仍维持 “核心 ”看涨头寸。</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":500,"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,"authorIdStr":"3572235673675008","idStr":"3572235673675008"},"themes":[],"title":"","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":2104,"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,"authorIdStr":"3572235673675008","idStr":"3572235673675008"},"themes":[],"title":"","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":862,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}