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财神爷爷97

财神爷爷97

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2021-12-20

🤔

@Sayaka:📈 Is Now Really the Time to Be Buying Stocks???

2021-12-20

Interesting acquisition

抱歉，原内容已删除

2021-10-28

$Tiger Brokers(TIGR)$It will takes a steel of heart to buy such opportunity!

2021-09-03

Time to load up

Why Are United Microelectronics Shares Trading Higher Today?<blockquote>为什么联华电子股价今天走高？</blockquote>

2021-08-23

😳

抱歉，原内容已删除

2021-08-15

Interesting

AMD, Intel, And Nvidia: Which Is The Best Chip Stock?<blockquote>AMD、英特尔和英伟达：哪个是最好的芯片股？</blockquote>

2021-08-10

[Surprised]

Tesla shares fell 1% in premarket trading,as the company delivering 8,621 Chinese-made vehicles in China in July, down 69% from the previous month.<blockquote>特斯拉股价在盘前交易中下跌1%，该公司7月份在中国交付了8,621辆中国制造汽车，环比下降69%。</blockquote>

2021-08-02

Good recommendations

抱歉，原内容已删除

2021-07-31

Interesting

Infrastructure Spending Is on Its Way. Here’s a Cheap Way to Play It<blockquote>基础设施支出正在路上。这里有一个便宜的玩法</blockquote>

2021-07-31

Wow

You can beat stock market indexes — this fund manager has, and this is how she and her team did it<blockquote>你可以击败股市指数——这位基金经理做到了，她和她的团队就是这样做到的</blockquote>

2021-07-27

Looking forward

抱歉，原内容已删除

2021-07-21

😮

AMC Smokes Shorts Again: What's Next?<blockquote>AMC再次抽短裤：下一步是什么？</blockquote>

2021-07-09

Noicee

Disney shares rises nearly 2%,as Shanghai Disneyland raising prices up to 10%.<blockquote>迪士尼股价上涨近2%，上海迪士尼乐园提价高达10%。</blockquote>

2021-07-07

Good buy

抱歉，原内容已删除

2021-07-06

One of the main downside of Chinese stocks

抱歉，原内容已删除

2021-07-05

Anticipating it

抱歉，原内容已删除

2021-07-04

Interesting

Here's How The Laws Of Supply And Demand Lead To Major Moves For Growth Stocks<blockquote>以下是供求规律如何导致成长型股票的重大走势</blockquote>

2021-07-03

//@Joshuatan:Hold your stocks if you believe in the company in the long terms

抱歉，原内容已删除

2021-07-02

🤔

抱歉，原内容已删除

2021-07-01

NIO gank

NIO Vs BYD Auto: Which EV Stock Is A Good Buy?<blockquote>蔚来Vs比亚迪汽车：哪只电动汽车股票值得买入？</blockquote>

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Is Now Really the Time to Be Buying Stocks???","htmlText":"It's very reasonable, then, to wonder whether the market will crash sometime soon and possibly crash hard. 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The market could keep surgingOne reason to not pause your stock buying is that the market may still post another year or two or three of growth, and you'd be stuck on the sidelines. Imagine it's 2012 or 2020, and you're wondering whether you should steer 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acquisition&nbsp;","listText":"Interesting acquisition&nbsp;","text":"Interesting acquisition","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/693625769","repostId":"2192804351","repostType":4,"isVote":1,"tweetType":1,"viewCount":3086,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":854067621,"gmtCreate":1635411416347,"gmtModify":1635412622234,"author":{"id":"3572418035699527","authorId":"3572418035699527","name":"财神爷爷97","avatar":"https://static.tigerbbs.com/bcb5096bb391a4364a255cfe900aece0","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572418035699527","idStr":"3572418035699527"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>It will takes a steel of heart to buy such opportunity!","listText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>It will takes a steel of heart to buy such opportunity!","text":"$Tiger Brokers(TIGR)$It will takes a steel of heart to buy such opportunity!","images":[{"img":"https://static.tigerbbs.com/19d64ab75c42a52c48d3d1040d94d7d1","width":"828","height":"1590"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/854067621","isVote":1,"tweetType":1,"viewCount":5313,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":815205249,"gmtCreate":1630678702681,"gmtModify":1631890159454,"author":{"id":"3572418035699527","authorId":"3572418035699527","name":"财神爷爷97","avatar":"https://static.tigerbbs.com/bcb5096bb391a4364a255cfe900aece0","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572418035699527","idStr":"3572418035699527"},"themes":[],"htmlText":"Time to load up","listText":"Time to load up","text":"Time to load up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/815205249","repostId":"1168087683","repostType":4,"repost":{"id":"1168087683","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":1630678318,"share":"https://www.laohu8.com/m/news/1168087683?lang=zh_CN&edition=full","pubTime":"2021-09-03 22:11","market":"us","language":"en","title":"Why Are United Microelectronics Shares Trading Higher Today?<blockquote>为什么联华电子股价今天走高？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1168087683","media":"Tiger Newspress","summary":"United Microelectronics shares surged nearly 6% in early trading.\n\n\nUnited Microelectronics Corp is ","content":"<p>United&nbsp;Microelectronics&nbsp;shares&nbsp;surged&nbsp;nearly&nbsp;6%&nbsp;in&nbsp;early&nbsp;trading.</p><p><blockquote>联华电子股价早盘大涨近6%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/2124600374fa16c7cdaf7835410db05b\" tg-width=\"878\" tg-height=\"621\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <ul>  <li><b>United Microelectronics Corp</b>&nbsp;is the third-largest dedicated chip foundry, with a 7% market share in 2020 as per Gartner after&nbsp;<b>Taiwan Semiconductor Manufacturing Co Ltd</b>&nbsp;and GlobalFoundries.</li>  <li>As per reports, the UMC aims to hike its prices for the second time for its 28-nm technology in quick succession.</li>  <li>Rival TSM, which decided to keep the 28-nm prices intact,&nbsp;planned a 10% hike&nbsp;for its sub-16nm prices in 2022.</li>  <li>It seems like an opportune moment to&nbsp;raise the prices&nbsp;considering the demand surge&nbsp;aided chip crisis.</li> </ul></p><p><blockquote><ul><li><b>联合微电子公司</b>是第三大专用芯片代工厂，根据Gartner的数据，2020年市场份额为7%<b>台积电有限公司</b>和格芯。</li><li>据报道，UMC的目标是连续第二次提高其28纳米技术的价格。</li><li>竞争对手TSM决定保持28纳米价格不变，计划在2022年将16纳米以下价格提高10%。</li><li>考虑到需求激增导致芯片危机，这似乎是提高价格的好时机。</li></ul></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Are United Microelectronics Shares Trading Higher Today?<blockquote>为什么联华电子股价今天走高？</blockquote></title>\n<style 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#7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Are United Microelectronics Shares Trading Higher Today?<blockquote>为什么联华电子股价今天走高？</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\">2021-09-03 22:11</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>United&nbsp;Microelectronics&nbsp;shares&nbsp;surged&nbsp;nearly&nbsp;6%&nbsp;in&nbsp;early&nbsp;trading.</p><p><blockquote>联华电子股价早盘大涨近6%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/2124600374fa16c7cdaf7835410db05b\" tg-width=\"878\" tg-height=\"621\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <ul>  <li><b>United Microelectronics Corp</b>&nbsp;is the third-largest dedicated chip foundry, with a 7% market share in 2020 as per Gartner after&nbsp;<b>Taiwan Semiconductor Manufacturing Co Ltd</b>&nbsp;and GlobalFoundries.</li>  <li>As per reports, the UMC aims to hike its prices for the second time for its 28-nm technology in quick succession.</li>  <li>Rival TSM, which decided to keep the 28-nm prices intact,&nbsp;planned a 10% hike&nbsp;for its sub-16nm prices in 2022.</li>  <li>It seems like an opportune moment to&nbsp;raise the prices&nbsp;considering the demand surge&nbsp;aided chip crisis.</li> </ul></p><p><blockquote><ul><li><b>联合微电子公司</b>是第三大专用芯片代工厂，根据Gartner的数据，2020年市场份额为7%<b>台积电有限公司</b>和格芯。</li><li>据报道，UMC的目标是连续第二次提高其28纳米技术的价格。</li><li>竞争对手TSM决定保持28纳米价格不变，计划在2022年将16纳米以下价格提高10%。</li><li>考虑到需求激增导致芯片危机，这似乎是提高价格的好时机。</li></ul></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UMC":"联电"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1168087683","content_text":"United Microelectronics shares surged nearly 6% in early trading.\n\n\nUnited Microelectronics Corp is the third-largest dedicated chip foundry, with a 7% market share in 2020 as per Gartner after Taiwan Semiconductor Manufacturing Co Ltd and GlobalFoundries.\nAs per reports, the UMC aims to hike its prices for the second time for its 28-nm technology in quick succession.\nRival TSM, which decided to keep the 28-nm prices intact, planned a 10% hike for its sub-16nm prices in 2022.\nIt seems like an opportune moment to raise the prices considering the demand surge aided chip crisis.","news_type":1,"symbols_score_info":{"UMC":0.9}},"isVote":1,"tweetType":1,"viewCount":1404,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":835136481,"gmtCreate":1629692221643,"gmtModify":1631890159457,"author":{"id":"3572418035699527","authorId":"3572418035699527","name":"财神爷爷97","avatar":"https://static.tigerbbs.com/bcb5096bb391a4364a255cfe900aece0","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572418035699527","idStr":"3572418035699527"},"themes":[],"htmlText":"😳&nbsp;","listText":"😳&nbsp;","text":"😳","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/835136481","repostId":"1197131256","repostType":4,"isVote":1,"tweetType":1,"viewCount":2104,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":830100349,"gmtCreate":1629021306181,"gmtModify":1631890159463,"author":{"id":"3572418035699527","authorId":"3572418035699527","name":"财神爷爷97","avatar":"https://static.tigerbbs.com/bcb5096bb391a4364a255cfe900aece0","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572418035699527","idStr":"3572418035699527"},"themes":[],"htmlText":"Interesting","listText":"Interesting","text":"Interesting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/830100349","repostId":"1138705612","repostType":4,"repost":{"id":"1138705612","kind":"news","pubTimestamp":1628995730,"share":"https://www.laohu8.com/m/news/1138705612?lang=zh_CN&edition=full","pubTime":"2021-08-15 10:48","market":"us","language":"en","title":"AMD, Intel, And Nvidia: Which Is The Best Chip Stock?<blockquote>AMD、英特尔和英伟达：哪个是最好的芯片股？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1138705612","media":"seekingalpha","summary":"AMD's recent CPU and GPU offerings have been more competitive with Intel and NVIDIA's products.AMD’s EPYC server chips have proved to be comparable or even superior to certain Intel chips and have led to AMD gaining server CPU market share.Even so, Intel is the leader in the processor market and holds long-term advantages over AMD in R&D, marketing, and pricing.Nvidia is ahead of AMD in GPU technology and is leveraging its GPUs into adjacent end markets such as artificial intelligence.This left ","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>AMD's recent CPU and GPU offerings have been more competitive with Intel and NVIDIA's products.</li>  <li>AMD’s EPYC server chips have proved to be comparable or even superior to certain Intel chips and have led to AMD gaining server CPU market share.</li>  <li>Even so, Intel is the leader in the processor market and holds long-term advantages over AMD in R&amp;D, marketing, and pricing.</li>  <li>Nvidia is ahead of AMD in GPU technology and is leveraging its GPUs into adjacent end markets such as artificial intelligence.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5a8f0aee0f3d10db76a1ee18fe604b40\" tg-width=\"1536\" tg-height=\"864\" referrerpolicy=\"no-referrer\"><span>Andy/iStock via Getty Images</span></p><p><blockquote><ul><li>AMD最近的CPU和GPU产品与英特尔和英伟达的产品相比更具竞争力。</li><li>事实证明，AMD的EPYC服务器芯片可以与某些英特尔芯片相媲美，甚至优于某些英特尔芯片，并使AMD获得了服务器CPU市场份额。</li><li>即便如此，英特尔仍是处理器市场的领导者，在研发、营销和定价方面相对于AMD拥有长期优势。</li><li>英伟达在GPU技术上领先于AMD，并正在利用其GPU进入人工智能等邻近的终端市场。</li></ul><p class=\"t-img-caption\"><span>安迪/iStock来自盖蒂图片社</span></p></blockquote></p><p> Intel (INTC) was once the microchip industry equivalent of the Colossus of Rhodes, a monument to the power of Moore’s law. However, the firm stumbled with its 10-nanometer process, and recently announced its 7-nm process will be delayed until 2023.</p><p><blockquote>英特尔（INTC）曾经是微芯片行业的巨人罗德斯岛，是摩尔定律力量的纪念碑。然而，该公司在10纳米工艺上遇到了麻烦，最近宣布其7纳米工艺将推迟到2023年。</blockquote></p><p> This left the door open to Advanced Micro Devices Inc. (AMD), and that firm has taken full advantage of the opportunity. AMD has taken a large share of the CPU market and is making inroads into the once nearly impenetrable server market.</p><p><blockquote>这为Advanced Micro Devices Inc.(AMD)敞开了大门，该公司充分利用了这个机会。AMD已经占据了CPU市场的很大份额，并正在进军曾经几乎难以渗透的服务器市场。</blockquote></p><p> AMD now has seven consecutive quarters of double-digit revenue growth under its belt, and it appears the firm is gaining momentum: management now guides for 60% revenue growth for the full year, up from the 50% forecast provided in the previous quarter.</p><p><blockquote>AMD目前已连续七个季度实现两位数的收入增长，而且该公司似乎正在获得动力：管理层目前预计全年收入增长60%，高于上一季度提供的50%的预测。</blockquote></p><p> However, AMD also competes with NVIDIA Corporation (NVDA), and the latter company’s GPU technology is stealing market share. NVDA has also been successful in gaining access to adjacent markets with its GPUs, especially AI and automotive markets.</p><p><blockquote>然而，AMD也与英伟达公司（NVDA）竞争，后者公司的GPU技术正在窃取市场份额。NVDA还凭借其GPU成功进入了邻近市场，尤其是人工智能和汽车市场。</blockquote></p><p> <b>The Ins And Outs of Intel</b></p><p><blockquote><b>英特尔的来龙去脉</b></blockquote></p><p> An understanding of Intel also provides insights into AMD. This is due to the overlap between the two companies, particularly in regards to x86 chips. Intel developed the x86 chip in 1978. To satisfy demands by IBM that Intel would not be the sole supplier of the chips, INTC provided x86 instruction set architecture licensing to AMD.</p><p><blockquote>对英特尔的了解也提供了对AMD的洞察。这是由于两家公司之间的重叠，特别是在x86芯片方面。英特尔在1978年开发了x86芯片。为了满足IBM要求英特尔不是芯片的唯一供应商，INTC向AMD提供了x86指令集架构许可。</blockquote></p><p> Consequently, Intel and AMD have a duopoly position in the PC and server markets, as nearly all computer software is written for x86 architecture. The result is that both have a wide moat related to the x86 ecosystem.</p><p><blockquote>因此，英特尔和AMD在PC和服务器市场处于双头垄断地位，因为几乎所有的计算机软件都是为x86架构编写的。结果是两者都拥有与x86生态系统相关的宽阔护城河。</blockquote></p><p> Gaming consoles in particular are based on x86 architecture due to those platforms generally providing more powerful CPUs and GPUs with multiple compute cores. Like PCs, consoles operate with games that use x86 based software. Once again, this stifles potential competition from ARM-based devices.</p><p><blockquote>特别是游戏控制台基于x86架构，因为这些平台通常提供具有多个计算核心的更强大的CPU和GPU。像PC一样，游戏机运行使用基于x86的软件的游戏。这再次扼杀了来自基于ARM的设备的潜在竞争。</blockquote></p><p> Until fairly recently, AMD was a distant second to INTC as a supplier of x86 chips. However, AMD teamed with Taiwan Semiconductor(NYSE:TSM)to use that manufacturer’s 7nm process to surpass INTC in process technology. Combined with AMD’s developing new innovative chip designs, this one-two punch resulted in INTC losing significant market share.</p><p><blockquote>直到最近，AMD在x86芯片供应商方面还远远落后于INTC。然而，AMD与台积电（NYSE：TSM）合作，使用该制造商的7纳米工艺，在工艺技术上超越了INTC。再加上AMD正在开发新的创新芯片设计，这种组合拳导致INTC失去了大量的市场份额。</blockquote></p><p> At the end of Q1, AMD held 19.30% of the x86 desktop&nbsp;market, a 70 basis point gain year-over-year. In Q2 AMD corralled 8% of the server market, up from a 5%&nbsp;market&nbsp;share in Q4 of 2019.</p><p><blockquote>截至第一季度末，AMD占据x86台式机市场19.30%的份额，同比增长70个基点。第二季度，AMD占据了服务器市场8%的份额，高于2019年第四季度5%的市场份额。</blockquote></p><p> Despite these setbacks, it seems premature to view Intel as a moribund business. INTC is one of the largest semiconductor companies in the world. The firm dominates the server market, and still holds 60% of the global x86 CPU&nbsp;market.</p><p><blockquote>尽管遭遇了这些挫折，但将英特尔视为一个垂死的企业似乎还为时过早。INTC是世界上最大的半导体公司之一。该公司在服务器市场占据主导地位，并且仍然占据全球x86 CPU市场的60%。</blockquote></p><p> The company has an enormous R&amp;D budget, and it is expanding into new markets, primarily Artificial Intelligence, Field-Programmable Gate Array chips, and automotive offerings, through its acquisitions of Habana Labs, Altera, Movidius, and Mobileye.</p><p><blockquote>该公司拥有庞大的研发预算，并正在通过收购Habana Labs、Altera、Movidius和Mobileye扩展到新市场，主要是人工智能、现场可编程门阵列芯片和汽车产品。</blockquote></p><p> Investors should not be swayed by the claim that Intel’s new 10nm chips are inferior to 7nm solely on the basis that 7 is superior to 10. While once used to denote the technology level of a chip design, it has been misused to the point of being useless.</p><p><blockquote>投资者不应该仅仅因为7优于10而被英特尔新的10纳米芯片不如7纳米的说法所左右。虽然曾经用来表示芯片设计的技术水平，但它已经被误用到了无用的地步。</blockquote></p><p> However, there are a number of concerns that must be acknowledged. Intel lags competitors in the smartphone market. As consumers shift to mobile devices, this could result in a sustained headwind as smartphones take the place of PCs. On the other hand, it should be acknowledged that INTC’s server processor business has seen growth associated with the surge in mobile devices and cloud computing.</p><p><blockquote>然而，有一些问题必须承认。英特尔在智能手机市场落后于竞争对手。随着消费者转向移动设备，随着智能手机取代个人电脑，这可能会导致持续的阻力。另一方面，应该承认，INTC的服务器处理器业务随着移动设备和云计算的激增而增长。</blockquote></p><p> Intel also faces increased competition from AMD in the data center space, as well as customers developing their own ARM-based chips for CPUs.</p><p><blockquote>英特尔还面临着来自AMD在数据中心领域日益激烈的竞争，以及客户为CPU开发自己的基于ARM的芯片。</blockquote></p><p> <b>An Overview of AMD</b></p><p><blockquote><b>AMD概述</b></blockquote></p><p> In years past, INTC held the lion’s share of the x86 market. This was due in part to Intel’s leading-edge manufacturing combined with AMD’s wafer supply agreements with less than stellar GlobalFoundries.</p><p><blockquote>过去几年，INTC占据了x86市场的最大份额。这部分归功于英特尔领先的制造以及AMD与不太出色的GlobalFoundries签订的晶圆供应协议。</blockquote></p><p></p><p> However, a seismic shift occurred due to three factors: driven by innovative designs, AMD brought competitive products to market, AMD shifted to TSMC for production, and Intel faced repeated manufacturing delays. The two charts below document the progress the company has made.</p><p><blockquote>然而，由于三个因素，发生了翻天覆地的转变：在创新设计的推动下，AMD将有竞争力的产品推向市场，AMD转向台积电生产，英特尔面临一再的制造延迟。下面两张图表记录了公司取得的进展。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/903df41d5400c9807ff487a75a7e5450\" tg-width=\"1280\" tg-height=\"989\" referrerpolicy=\"no-referrer\"><span>Source:Q2 Earnings Presentation</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：第二季度收益报告</span></p></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/331cd14b666f520a62d0746d5fadfa5b\" tg-width=\"1280\" tg-height=\"989\" referrerpolicy=\"no-referrer\"><span>Source:Q2 Earnings Presentation</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：第二季度收益报告</span></p></blockquote></p><p> Like Intel, AMD’s primary products are CPUs and GPUs. AMD’s chips are designed for PCs, game consoles, servers, and blockchain applications. And like INTC, AMD’s offerings are largely protected from competition due to the preponderance of software for PCs and servers being designed for x86 architecture.</p><p><blockquote>与英特尔一样，AMD的主要产品是CPU和GPU。AMD的芯片专为PC、游戏机、服务器和区块链应用而设计。与INTC一样，由于为x86架构设计的PC和服务器软件占主导地位，AMD的产品在很大程度上免受竞争。</blockquote></p><p> AMD’s strong growth has largely come at the expense of Intel as AMD has steadily chipped away at the former company’s CPU market share.</p><p><blockquote>AMD的强劲增长很大程度上是以牺牲英特尔为代价的，因为AMD稳步蚕食了英特尔的CPU市场份额。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e7f8fbcab5da8a24d01d2b6408bd5686\" tg-width=\"576\" tg-height=\"336\" referrerpolicy=\"no-referrer\"><span>Source:Seeking Alpha</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：寻求阿尔法</span></p></blockquote></p><p> AMD’s focus on CPU and GPU semi-custom processor applications has resulted in their use in Microsoft Xbox and Sony PlayStation game consoles.</p><p><blockquote>AMD对CPU和GPU半定制处理器应用的关注导致了它们在微软Xbox和Sony PlayStation游戏机中的使用。</blockquote></p><p> In regards to PC integrated GPUs, AMD is roughly in parity with NVIDIA while INTC dominates with roughly 68% of the market.</p><p><blockquote>在PC集成GPU方面，AMD与NVIDIA大致相当，而INTC以大约68%的市场份额占据主导地位。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/67a0fe74d986cf882623a8f39587d0d8\" tg-width=\"544\" tg-height=\"394\" referrerpolicy=\"no-referrer\"><span>Source:tom'sHARDWARE</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：汤姆五金</span></p></blockquote></p><p> However, NVIDIA dominates the discrete GPU space with an 80% plus market share with AMD sweeping up what is left. NVIDIA’s discrete GPUs are arguably superior to AMD’s (more on that later); therefore, investors should not look for growth here.</p><p><blockquote>然而，NVIDIA以80%以上的市场份额主导着独立GPU领域，AMD席卷了剩下的市场份额。NVIDIA的独立GPU可以说优于AMD的（稍后会详细介绍）；因此，投资者不应该在这里寻找增长。</blockquote></p><p> Although AMD’s EPYC server CPU products were competitive with that of rivals, initially the company relied on aggressive pricing to promote its first generation of EPYC offerings. However, the EPYC line has gained wider acceptance, and with the Milan processors, the company is gaining market share. As server CPUs provide a better profit margin than the company’s other products, expansion into that space should aid in driving revenue.</p><p><blockquote>尽管AMD的EPYC服务器CPU产品与竞争对手相比具有竞争力，但最初该公司依靠激进的定价来推广其第一代EPYC产品。然而，EPYC系列已经获得了更广泛的认可，随着米兰处理器的推出，该公司正在获得市场份额。由于服务器CPU比该公司的其他产品提供了更好的利润率，因此向该领域的扩张应该有助于增加收入。</blockquote></p><p> Late last year,AMD entered intoa deal&nbsp;to acquire&nbsp;Xilinx (XLNX), a leader in field programmable gate array (FPGA) chips. FPGAs can be used for a wide variety of applications. Because shifting to a competing FPGA provider requires retraining of engineers in software and design tools, customers are loath to make a switch to a competing vendor. Consequently, if the Xilinx deal goes through, AMD will have acquired a wide moat business. Management guides for operational efficiencies of approximately $300 million within 18 months of closing the transaction.</p><p><blockquote>去年年底，AMD达成协议收购现场可编程门阵列(FPGA)芯片领域的领导者Xilinx(XLNX)。FPGA可用于多种应用。由于转向竞争对手的FPGA提供商需要对工程师进行软件和设计工具方面的再培训，因此客户不愿意转向竞争对手的供应商。因此，如果Xilinx交易成功，AMD将获得一条宽阔的护城河业务。交易完成后18个月内运营效率约3亿美元的管理指南。</blockquote></p><p> The Xilinx acquisition should bolster AMD’s data center and artificial intelligence businesses.</p><p><blockquote>收购Xilinx应该会增强AMD的数据中心和人工智能业务。</blockquote></p><p> AMD agreed to acquire Xilinx for $35 billion in an all-stock transaction.</p><p><blockquote>AMD同意以350亿美元的全股票交易收购赛灵思。</blockquote></p><p> <b>A Survey of NVIDIA</b></p><p><blockquote><b>英伟达调查</b></blockquote></p><p> NVDA's focus on the graphics processing units market has led the company to a dominant position in the discrete GPU space. The firm is the leader in discrete GPUs for computing platforms, especially gaming consoles. The fact that Intel licensed intellectual property from NVIDIA to integrate GPUs into its PC chipset testifies to the lead the company maintains.</p><p><blockquote>NVDA对图形处理单元市场的关注使该公司在独立GPU领域占据了主导地位。该公司是计算平台（尤其是游戏机）独立GPU领域的领导者。英特尔从英伟达获得知识产权许可，将GPU集成到其PC芯片组中，这一事实证明了该公司保持的领先地位。</blockquote></p><p> The chart below provides a record of the burgeoning ASP the company has been able to command over the last half decade, beginning with the Pascal architecture in 2016, and progressing through Turing to Ampere.</p><p><blockquote>下图记录了该公司在过去五年中能够控制的蓬勃发展的ASP，从2016年的Pascal架构开始，通过Turing发展到Ampere。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/04fb1d71f9df02f6c63907fe784b2fd8\" tg-width=\"1280\" tg-height=\"720\" referrerpolicy=\"no-referrer\"><span>Source:AMD Investor Presentation</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：AMD投资者介绍</span></p></blockquote></p><p> The firm’s chips are also found in many high-end PCs, and NVDA has particular strength in the incipient AI and self-driving vehicle markets.</p><p><blockquote>该公司的芯片也存在于许多高端PC中，NVDA在新兴的人工智能和自动驾驶汽车市场尤其具有优势。</blockquote></p><p> GPUs are being teamed with CPUs to&nbsp;enhance&nbsp;computation workloads. This stratagem is designed to bolster the ability of AI systems to perform computationally intensive tasks. AI related to&nbsp;autonomous&nbsp;vehicles is a developing strength for NVIDIA. Another arena in which the firm is making its mark is in cloud</p><p><blockquote>GPU正与CPU结合使用，以增强计算工作负载。这一策略旨在增强人工智能系统执行计算密集型任务的能力。与自动驾驶汽车相关的人工智能是英伟达的发展优势。该公司崭露头角的另一个领域是云领域</blockquote></p><p> AI and data centers pose the most likely avenue of growth for NVDA. To strengthen its position in both businesses, the company moved last year to acquire ARM Holdings (ARMHF) from parent company Softbank for $40 billion.</p><p><blockquote>人工智能和数据中心是NVDA最有可能的增长途径。为了加强其在这两项业务中的地位，该公司去年以400亿美元从母公司软银手中收购了ARM Holdings(ARMHF)。</blockquote></p><p> ARM is the globe’s largest licensor of chip designs. Its chips are ubiquitous and can be found in mobile phones, smart TVs, and tablet computers. 160 billion chips have been made using ARM designs.</p><p><blockquote>ARM是全球最大的芯片设计许可方。它的芯片无处不在，手机、智能电视、平板电脑都能找到。使用ARM设计制造了1600亿个芯片。</blockquote></p><p></p><p> Perhaps of equal importance is that 13 million developers work with ARM devices. To place that in context, NVDA has 2 million developers working on its array of devices.</p><p><blockquote>也许同样重要的是，有1300万开发人员使用ARM设备。从背景来看，NVDA有200万开发人员在开发其设备系列。</blockquote></p><p> Unfortunately for investors, bothChinaand theU.K.are reportedly balking at approving the deal.</p><p><blockquote>对投资者来说不幸的是，据报道，中国和英国都不愿批准这笔交易。</blockquote></p><p> <b>Head-To-Head Comparisons</b></p><p><blockquote><b>头对头比较</b></blockquote></p><p> <b>Valuation Metrics</b></p><p><blockquote><b>估值指标</b></blockquote></p><p> The following chart provides a variety of metrics related to each stock's valuation. All data labeled forward is analysts’ next fiscal year consensus estimate.</p><p><blockquote>下图提供了与每只股票估值相关的各种指标。所有标有前瞻性的数据都是分析师对下一财年的一致预期。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1bdeabcd2ea473601fbaaaa03235de77\" tg-width=\"576\" tg-height=\"336\" referrerpolicy=\"no-referrer\"><span>Source:Seeking Alpha Premium/ chart by author</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Seeking Alpha Premium/作者图表</span></p></blockquote></p><p> Next, I’m using a graph to provide PEG ratios for the three companies. As there can be fairly wide variations in PEG ratios due to analysts’ inputs, I prefer that readers have access to multiple sources when I find wide variance in the ratio.</p><p><blockquote>接下来，我用图表来提供这三家公司的PEG比率。由于分析师的输入可能会导致PEG比率存在相当大的差异，因此当我发现比率存在较大差异时，我希望读者能够访问多个来源。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/884fc2142d97afcc9e2308e50058dd45\" tg-width=\"576\" tg-height=\"336\" referrerpolicy=\"no-referrer\"><span>Chart by author</span></p><p><blockquote><p class=\"t-img-caption\"><span>作者图表</span></p></blockquote></p><p> Note that Seeking Alpha provides a three to five-year PEG, Schwab simply lists its metric as a PEG ratio, while Yahoo! Finance calculates a five-year ratio. This could explain some of the variance in the numbers provided.</p><p><blockquote>请注意，Seeking Alpha提供了三到五年的PEG，嘉信理财只是将其指标列为PEG比率，而雅虎！财务计算五年比率。这可以解释所提供数字中的一些差异。</blockquote></p><p> Perusing the first chart, it is obvious that NVDA is the most overvalued. It is also interesting to note that in the current P/E and the forward price/cash flow estimates show AMD as valued near the sector median.</p><p><blockquote>仔细阅读第一张图表，很明显NVDA是最被高估的。还值得注意的是，当前市盈率和远期价格/现金流估计显示AMD的估值接近行业中位数。</blockquote></p><p> Count me as an investor that places great emphasis on a stocks PEG Ratio. Viewing the second chart, AMD has the best PEG of the three companies. I also note that analysts from each source calculated AMD’s PEG ratio as better than the sector median.</p><p><blockquote>我是一个非常重视股票PEG比率的投资者。查看第二张图表，AMD的PEG是三家公司中最好的。我还注意到，各来源的分析师计算出AMD的PEG比率均优于行业中位数。</blockquote></p><p> Do not misinterpret my findings. While INTC has a lower valuation in many respects, when considering other factors, I rate AMD higher overall. In other words, it is not the cheapest valuation but the best valuation, for lack of a better means to articulate my view.</p><p><blockquote>不要误解我的发现。虽然INTC在很多方面的估值较低，但考虑到其他因素，我对AMD的整体评价较高。换句话说，这不是最便宜的估值，而是最好的估值，因为缺乏更好的方式来表达我的观点。</blockquote></p><p> <b>=Advantage AMD</b></p><p><blockquote><b>=优势AMD</b></blockquote></p><p> <b>Analysts’ Price Targets</b></p><p><blockquote><b>分析师的价格目标</b></blockquote></p><p> NVIDIA shares currently trade for $202.95. The average 12-month price target of 33 analysts is $186.49. The average price target of the 17 analysts that rated the stock following the latest earnings report is $210.53, about 3.7% above the current price of the stock.</p><p><blockquote>NVIDIA股价目前交易价格为202.95美元。33位分析师的平均12个月目标价为186.49美元。在最新财报发布后对该股进行评级的17名分析师的平均目标价为210.53美元，比该股当前价格高出约3.7%。</blockquote></p><p> AMD shares currently trade for $107.58. The average 12-month price target of 28 analysts is $108.56. The average price target of the 11 analysts that rated the stock following the latest earnings report is $117.27, roughly 9% above the prevailing share price.</p><p><blockquote>AMD股价目前交易价格为107.58美元。28位分析师的平均12个月目标价为108.56美元。在最新财报发布后对该股进行评级的11位分析师的平均目标价为117.27美元，比当前股价高出约9%。</blockquote></p><p> Intel shares currently trade for $54.05. The average 12-month price target of 34 analysts is $59.86. The average price target of the 16 analysts that rated the stock following the latest earnings report is $58.97, a 9% premium over the current share price.</p><p><blockquote>英特尔股价目前交易价格为54.05美元。34位分析师的平均12个月目标价为59.86美元。在最新财报发布后对该股进行评级的16位分析师的平均目标价为58.97美元，较当前股价溢价9%。</blockquote></p><p> Investors should be aware that it has been nearly three months since NVDA posted quarterly earnings while INTC and AMD reported recently.</p><p><blockquote>投资者应该知道，自NVDA公布季度收益而INTC和AMD最近公布季度收益以来，已经过去了近三个月。</blockquote></p><p> <b>=Tie AMD/INTC</b></p><p><blockquote><b>=Tie AMD/INTC</b></blockquote></p><p> <b>Growth Rates</b></p><p><blockquote><b>增长率</b></blockquote></p><p> The next chart provides data for growth rates. Unless otherwise noted, the metrics reflect analysts' average two-year forecasts.</p><p><blockquote>下一张图表提供了增长率数据。除非另有说明，这些指标反映了分析师的平均两年预测。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e8ae1b79b3731a985fc209e626ca4886\" tg-width=\"577\" tg-height=\"337\" referrerpolicy=\"no-referrer\"><span>Source:Seeking Alpha Premium/ Chart by author</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Seeking Alpha Premium/作者图表</span></p></blockquote></p><p> While investors familiar with these three companies would expect INTC to perform poorly in relation to NVDA and AMD in regarding growth, in several cases Intel is projected to experience negative growth rates.</p><p><blockquote>虽然熟悉这三家公司的投资者预计INTC在增长方面的表现不如NVDA和AMD，但在某些情况下，英特尔预计将出现负增长率。</blockquote></p><p> Advanced Micro Devices projected growth leads that of NVIDIA in every category, and at times by very wide margins.</p><p><blockquote>Advanced Micro Devices的预计增长在每个类别中都领先于NVIDIA，有时甚至大幅领先。</blockquote></p><p> <b>=Advantage AMD</b></p><p><blockquote><b>=优势AMD</b></blockquote></p><p> I considered providing a chart outlining the profitability of each company; however, suffice it to say that each is highly profitable, and that a juxtaposition of the three would result in a tie.</p><p><blockquote>我考虑提供一张图表，概述每家公司的盈利能力；然而，只要说每一个都是高利润就足够了，三者并置会导致平局。</blockquote></p><p> I often provide a comparison that breaks down dividend metrics, but AMD does not pay a dividend, and NVDA has an anemic yield. INTC currently yields about 2.6%. The dividend is well funded.</p><p><blockquote>我经常提供分解股息指标的比较，但AMD不支付股息，而NVDA的收益率也很低。INTC目前的收益率约为2.6%。股息资金充足。</blockquote></p><p> <b>Debt Metrics</b></p><p><blockquote><b>债务指标</b></blockquote></p><p> NVIDIA had $12.67 billion in cash and $5.96 billion at the end of the last quarter. Should the ARM acquisition meet approval, the deal is structured so that $21 billion of the $40 billion purchase price will be in stock.</p><p><blockquote>英伟达拥有126.7亿美元现金，上季度末为59.6亿美元。如果ARM收购获得批准，该交易的结构将使400亿美元收购价格中的210亿美元将是股票。</blockquote></p><p> AMD has restructured its debt resulting in reduced interest costs. AMD had about $3.8 billion in cash and $313 million in long-term debt at the end of the most recent quarter.</p><p><blockquote>AMD重组了债务，从而降低了利息成本。截至最近一个季度末，AMD拥有约38亿美元现金和3.13亿美元长期债务。</blockquote></p><p> Intel's has solid investment-grade credit ratings. The company held nearly $24.86 billion cash at the end of the last quarter and had $31.7 billion long-term debt.</p><p><blockquote>英特尔拥有可靠的投资级信用评级。截至上季度末，该公司持有近248.6亿美元现金，长期债务为317亿美元。</blockquote></p><p></p><p> All three firms have strong financial positions. Weighing the possibility that NVDA and AMD may add debt due to prospective acquisitions, I am rating the three firms as equals.</p><p><blockquote>这三家公司都拥有强劲的财务状况。考虑到NVDA和AMD可能因潜在收购而增加债务的可能性，我对这三家公司的评级相同。</blockquote></p><p> <b>R&amp;D Budgets</b></p><p><blockquote><b>研发预算</b></blockquote></p><p> This is the first time I have&nbsp;compared&nbsp;the R&amp;D budgets of companies for a head-to-head showdown. However, in the semiconductor industry, that can be of pivotal importance.</p><p><blockquote>这是我第一次比较企业的研发预算进行正面对决。然而，在半导体行业，这可能至关重要。</blockquote></p><p> Last fiscal year, Intel devoted over $13.5 billion to R&amp;D, NVDA spent nearly $2.83 billion, and AMD budgeted a bit over $1.9 billion on research and development.</p><p><blockquote>上一财年，英特尔在研发上投入了超过135亿美元，NVDA花费了近28.3亿美元，AMD的研发预算略高于19亿美元。</blockquote></p><p> AMD is at a clear disadvantage, and that weakness is magnified because it often competes against INTC and NVDA in different arenas. It should be noted that a portion of Intel’s R&amp;D is funneled to its foundry business. Nevertheless, it is the clear winner here, and AMD is the obvious loser.</p><p><blockquote>AMD处于明显的劣势，而且这种劣势被放大了，因为它经常在不同的领域与INTC和NVDA竞争。应该指出的是，英特尔的部分研发资金流向了其代工业务。尽管如此，它是这里明显的赢家，AMD是明显的输家。</blockquote></p><p> I should add that NVDA is chipping away at AMD’s share of the discrete GPU market, and I believe that trend will continue, in part due to the disparity in R&amp;D budgets.</p><p><blockquote>我应该补充一点，NVDA正在蚕食AMD在独立GPU市场的份额，我相信这种趋势将继续下去，部分原因是研发预算的差异。</blockquote></p><p> <b>=Advantage INTC</b></p><p><blockquote><b>=优势INTC</b></blockquote></p><p> <b>Bottom Line: Which Is The Best Chip Stock?</b></p><p><blockquote><b>一句话：最好的芯片股是哪只？</b></blockquote></p><p> To arrive at an answer, much depends on whether NVIDIA can complete its acquisition of ARM.</p><p><blockquote>要得出答案，很大程度上取决于英伟达能否完成对ARM的收购。</blockquote></p><p> Because ARM processors are more power and cost-efficient than x86 chips, NVDA could gain market share in the data center space. Since around a third of Intel’s revenue flows from data centers, that could represent a headwind for INTC and a positive for NVDA. However, there is a good chance the deal will fail to close.</p><p><blockquote>由于ARM处理器比x86芯片更强大、更具成本效益，NVDA可以在数据中心领域获得市场份额。由于英特尔大约三分之一的收入来自数据中心，这可能对INTC来说是一个阻力，对NVDA来说是一个积极的因素。然而，这笔交易很有可能无法完成。</blockquote></p><p> The degree of success Intel finds as its&nbsp;planned&nbsp;foundries come online is another factor that should be weighed.</p><p><blockquote>英特尔计划的代工厂上线后取得的成功程度是另一个应该权衡的因素。</blockquote></p><p> A development to be weighed is that AMD has now reached parity with INTC in the PC market in terms of the quality of its products. Furthermore, AMD is gaining market share in the server market, and I expect that trend to continue.</p><p><blockquote>一个需要权衡的发展是，就其产品质量而言，AMD现在已经在PC市场上与INTC持平。此外，AMD正在服务器市场获得市场份额，我预计这一趋势将持续下去。</blockquote></p><p> On the other hand, AMD is losing share in the discrete GPU market to NVDA. NVDA has a technological lead in that space which will probably continue.</p><p><blockquote>另一方面，AMD正在将独立GPU市场的份额输给NVDA。NVDA在该领域拥有技术领先地位，这种领先地位可能会持续下去。</blockquote></p><p> While AMD and NVDA are seen as growth machines, one should not ignore that Intel’s Internet of Things business increased by 47% in the last quarter. Mobileye also saw a surge in growth with revenue increasing 124%. Although these businesses only totaled $1.3 billion in revenue, a fraction of Intel's total revenue of $18.5 billion, they still represent areas of high growth.</p><p><blockquote>虽然AMD和NVDA被视为增长机器，但人们不应忽视英特尔的物联网业务在上个季度增长了47%。Mobileye也出现了大幅增长，收入增长了124%。尽管这些业务的总收入只有13亿美元，与英特尔185亿美元的总收入相比只是一小部分，但它们仍然代表着高增长领域。</blockquote></p><p> However, note the header refers to “chip stock.” Consequently, technological advantages are but one part of the puzzle. Any investment decision must take current valuations and prospective growth rates into account.</p><p><blockquote>但是，请注意标题指的是“芯片库存”。因此，技术优势只是难题的一部分。任何投资决策都必须考虑当前估值和预期增长率。</blockquote></p><p> With that in mind, I must rate NVIDIA as a HOLD due to current valuation and growth estimates. Note my rating is based on the current valuation of the stock. I acknowledge the exemplary leadership of the company and believe the long-term prospect for the stock is excellent.</p><p><blockquote>考虑到这一点，由于目前的估值和增长预期，我必须将英伟达评级为持有。请注意，我的评级基于该股票的当前估值。我承认该公司堪称典范的领导力，并相信该股票的长期前景非常好。</blockquote></p><p> I also rate INTC as a HOLD. I previously rated the company as a buy. While I still believe the firm will serve long-term investors well, I now believe its recovery will unfold over a long time span, and better opportunities are available.</p><p><blockquote>我也将INTC评级为持有。我之前将该公司评级为买入。虽然我仍然相信该公司将很好地为长期投资者服务，但我现在相信它的复苏将在很长一段时间内展开，并且会有更好的机会。</blockquote></p><p> I rate AMD as a BUY. This is based on the current valuations and growth rates outlined in this article. I’ll add that those metrics are buttressed by my perception that as Intel works on its recovery, AMD is likely to chip away at market share.</p><p><blockquote>我将AMD评级为买入。这是基于本文概述的当前估值和增长率。我要补充的是，这些指标得到了我的看法的支持，即随着英特尔努力复苏，AMD可能会蚕食市场份额。</blockquote></p><p> For additional insights into the technological aspects of an investment in AMD and INTC, I recommend an excellent article by SA&nbsp;contributor&nbsp;Keyanoush Razavidinani.</p><p><blockquote>为了更多地了解投资AMD和INTC的技术方面，我推荐SA撰稿人Keyanoush Razavidinani的一篇优秀文章。</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>AMD, Intel, And Nvidia: Which Is The Best Chip Stock?<blockquote>AMD、英特尔和英伟达：哪个是最好的芯片股？</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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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\">\nAMD, Intel, And Nvidia: Which Is The Best Chip Stock?<blockquote>AMD、英特尔和英伟达：哪个是最好的芯片股？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">seekingalpha</strong><span class=\"h-time small\">2021-08-15 10:48</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>AMD's recent CPU and GPU offerings have been more competitive with Intel and NVIDIA's products.</li>  <li>AMD’s EPYC server chips have proved to be comparable or even superior to certain Intel chips and have led to AMD gaining server CPU market share.</li>  <li>Even so, Intel is the leader in the processor market and holds long-term advantages over AMD in R&amp;D, marketing, and pricing.</li>  <li>Nvidia is ahead of AMD in GPU technology and is leveraging its GPUs into adjacent end markets such as artificial intelligence.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5a8f0aee0f3d10db76a1ee18fe604b40\" tg-width=\"1536\" tg-height=\"864\" referrerpolicy=\"no-referrer\"><span>Andy/iStock via Getty Images</span></p><p><blockquote><ul><li>AMD最近的CPU和GPU产品与英特尔和英伟达的产品相比更具竞争力。</li><li>事实证明，AMD的EPYC服务器芯片可以与某些英特尔芯片相媲美，甚至优于某些英特尔芯片，并使AMD获得了服务器CPU市场份额。</li><li>即便如此，英特尔仍是处理器市场的领导者，在研发、营销和定价方面相对于AMD拥有长期优势。</li><li>英伟达在GPU技术上领先于AMD，并正在利用其GPU进入人工智能等邻近的终端市场。</li></ul><p class=\"t-img-caption\"><span>安迪/iStock来自盖蒂图片社</span></p></blockquote></p><p> Intel (INTC) was once the microchip industry equivalent of the Colossus of Rhodes, a monument to the power of Moore’s law. However, the firm stumbled with its 10-nanometer process, and recently announced its 7-nm process will be delayed until 2023.</p><p><blockquote>英特尔（INTC）曾经是微芯片行业的巨人罗德斯岛，是摩尔定律力量的纪念碑。然而，该公司在10纳米工艺上遇到了麻烦，最近宣布其7纳米工艺将推迟到2023年。</blockquote></p><p> This left the door open to Advanced Micro Devices Inc. (AMD), and that firm has taken full advantage of the opportunity. AMD has taken a large share of the CPU market and is making inroads into the once nearly impenetrable server market.</p><p><blockquote>这为Advanced Micro Devices Inc.(AMD)敞开了大门，该公司充分利用了这个机会。AMD已经占据了CPU市场的很大份额，并正在进军曾经几乎难以渗透的服务器市场。</blockquote></p><p> AMD now has seven consecutive quarters of double-digit revenue growth under its belt, and it appears the firm is gaining momentum: management now guides for 60% revenue growth for the full year, up from the 50% forecast provided in the previous quarter.</p><p><blockquote>AMD目前已连续七个季度实现两位数的收入增长，而且该公司似乎正在获得动力：管理层目前预计全年收入增长60%，高于上一季度提供的50%的预测。</blockquote></p><p> However, AMD also competes with NVIDIA Corporation (NVDA), and the latter company’s GPU technology is stealing market share. NVDA has also been successful in gaining access to adjacent markets with its GPUs, especially AI and automotive markets.</p><p><blockquote>然而，AMD也与英伟达公司（NVDA）竞争，后者公司的GPU技术正在窃取市场份额。NVDA还凭借其GPU成功进入了邻近市场，尤其是人工智能和汽车市场。</blockquote></p><p> <b>The Ins And Outs of Intel</b></p><p><blockquote><b>英特尔的来龙去脉</b></blockquote></p><p> An understanding of Intel also provides insights into AMD. This is due to the overlap between the two companies, particularly in regards to x86 chips. Intel developed the x86 chip in 1978. To satisfy demands by IBM that Intel would not be the sole supplier of the chips, INTC provided x86 instruction set architecture licensing to AMD.</p><p><blockquote>对英特尔的了解也提供了对AMD的洞察。这是由于两家公司之间的重叠，特别是在x86芯片方面。英特尔在1978年开发了x86芯片。为了满足IBM要求英特尔不是芯片的唯一供应商，INTC向AMD提供了x86指令集架构许可。</blockquote></p><p> Consequently, Intel and AMD have a duopoly position in the PC and server markets, as nearly all computer software is written for x86 architecture. The result is that both have a wide moat related to the x86 ecosystem.</p><p><blockquote>因此，英特尔和AMD在PC和服务器市场处于双头垄断地位，因为几乎所有的计算机软件都是为x86架构编写的。结果是两者都拥有与x86生态系统相关的宽阔护城河。</blockquote></p><p> Gaming consoles in particular are based on x86 architecture due to those platforms generally providing more powerful CPUs and GPUs with multiple compute cores. Like PCs, consoles operate with games that use x86 based software. Once again, this stifles potential competition from ARM-based devices.</p><p><blockquote>特别是游戏控制台基于x86架构，因为这些平台通常提供具有多个计算核心的更强大的CPU和GPU。像PC一样，游戏机运行使用基于x86的软件的游戏。这再次扼杀了来自基于ARM的设备的潜在竞争。</blockquote></p><p> Until fairly recently, AMD was a distant second to INTC as a supplier of x86 chips. However, AMD teamed with Taiwan Semiconductor(NYSE:TSM)to use that manufacturer’s 7nm process to surpass INTC in process technology. Combined with AMD’s developing new innovative chip designs, this one-two punch resulted in INTC losing significant market share.</p><p><blockquote>直到最近，AMD在x86芯片供应商方面还远远落后于INTC。然而，AMD与台积电（NYSE：TSM）合作，使用该制造商的7纳米工艺，在工艺技术上超越了INTC。再加上AMD正在开发新的创新芯片设计，这种组合拳导致INTC失去了大量的市场份额。</blockquote></p><p> At the end of Q1, AMD held 19.30% of the x86 desktop&nbsp;market, a 70 basis point gain year-over-year. In Q2 AMD corralled 8% of the server market, up from a 5%&nbsp;market&nbsp;share in Q4 of 2019.</p><p><blockquote>截至第一季度末，AMD占据x86台式机市场19.30%的份额，同比增长70个基点。第二季度，AMD占据了服务器市场8%的份额，高于2019年第四季度5%的市场份额。</blockquote></p><p> Despite these setbacks, it seems premature to view Intel as a moribund business. INTC is one of the largest semiconductor companies in the world. The firm dominates the server market, and still holds 60% of the global x86 CPU&nbsp;market.</p><p><blockquote>尽管遭遇了这些挫折，但将英特尔视为一个垂死的企业似乎还为时过早。INTC是世界上最大的半导体公司之一。该公司在服务器市场占据主导地位，并且仍然占据全球x86 CPU市场的60%。</blockquote></p><p> The company has an enormous R&amp;D budget, and it is expanding into new markets, primarily Artificial Intelligence, Field-Programmable Gate Array chips, and automotive offerings, through its acquisitions of Habana Labs, Altera, Movidius, and Mobileye.</p><p><blockquote>该公司拥有庞大的研发预算，并正在通过收购Habana Labs、Altera、Movidius和Mobileye扩展到新市场，主要是人工智能、现场可编程门阵列芯片和汽车产品。</blockquote></p><p> Investors should not be swayed by the claim that Intel’s new 10nm chips are inferior to 7nm solely on the basis that 7 is superior to 10. While once used to denote the technology level of a chip design, it has been misused to the point of being useless.</p><p><blockquote>投资者不应该仅仅因为7优于10而被英特尔新的10纳米芯片不如7纳米的说法所左右。虽然曾经用来表示芯片设计的技术水平，但它已经被误用到了无用的地步。</blockquote></p><p> However, there are a number of concerns that must be acknowledged. Intel lags competitors in the smartphone market. As consumers shift to mobile devices, this could result in a sustained headwind as smartphones take the place of PCs. On the other hand, it should be acknowledged that INTC’s server processor business has seen growth associated with the surge in mobile devices and cloud computing.</p><p><blockquote>然而，有一些问题必须承认。英特尔在智能手机市场落后于竞争对手。随着消费者转向移动设备，随着智能手机取代个人电脑，这可能会导致持续的阻力。另一方面，应该承认，INTC的服务器处理器业务随着移动设备和云计算的激增而增长。</blockquote></p><p> Intel also faces increased competition from AMD in the data center space, as well as customers developing their own ARM-based chips for CPUs.</p><p><blockquote>英特尔还面临着来自AMD在数据中心领域日益激烈的竞争，以及客户为CPU开发自己的基于ARM的芯片。</blockquote></p><p> <b>An Overview of AMD</b></p><p><blockquote><b>AMD概述</b></blockquote></p><p> In years past, INTC held the lion’s share of the x86 market. This was due in part to Intel’s leading-edge manufacturing combined with AMD’s wafer supply agreements with less than stellar GlobalFoundries.</p><p><blockquote>过去几年，INTC占据了x86市场的最大份额。这部分归功于英特尔领先的制造以及AMD与不太出色的GlobalFoundries签订的晶圆供应协议。</blockquote></p><p></p><p> However, a seismic shift occurred due to three factors: driven by innovative designs, AMD brought competitive products to market, AMD shifted to TSMC for production, and Intel faced repeated manufacturing delays. The two charts below document the progress the company has made.</p><p><blockquote>然而，由于三个因素，发生了翻天覆地的转变：在创新设计的推动下，AMD将有竞争力的产品推向市场，AMD转向台积电生产，英特尔面临一再的制造延迟。下面两张图表记录了公司取得的进展。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/903df41d5400c9807ff487a75a7e5450\" tg-width=\"1280\" tg-height=\"989\" referrerpolicy=\"no-referrer\"><span>Source:Q2 Earnings Presentation</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：第二季度收益报告</span></p></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/331cd14b666f520a62d0746d5fadfa5b\" tg-width=\"1280\" tg-height=\"989\" referrerpolicy=\"no-referrer\"><span>Source:Q2 Earnings Presentation</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：第二季度收益报告</span></p></blockquote></p><p> Like Intel, AMD’s primary products are CPUs and GPUs. AMD’s chips are designed for PCs, game consoles, servers, and blockchain applications. And like INTC, AMD’s offerings are largely protected from competition due to the preponderance of software for PCs and servers being designed for x86 architecture.</p><p><blockquote>与英特尔一样，AMD的主要产品是CPU和GPU。AMD的芯片专为PC、游戏机、服务器和区块链应用而设计。与INTC一样，由于为x86架构设计的PC和服务器软件占主导地位，AMD的产品在很大程度上免受竞争。</blockquote></p><p> AMD’s strong growth has largely come at the expense of Intel as AMD has steadily chipped away at the former company’s CPU market share.</p><p><blockquote>AMD的强劲增长很大程度上是以牺牲英特尔为代价的，因为AMD稳步蚕食了英特尔的CPU市场份额。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e7f8fbcab5da8a24d01d2b6408bd5686\" tg-width=\"576\" tg-height=\"336\" referrerpolicy=\"no-referrer\"><span>Source:Seeking Alpha</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：寻求阿尔法</span></p></blockquote></p><p> AMD’s focus on CPU and GPU semi-custom processor applications has resulted in their use in Microsoft Xbox and Sony PlayStation game consoles.</p><p><blockquote>AMD对CPU和GPU半定制处理器应用的关注导致了它们在微软Xbox和Sony PlayStation游戏机中的使用。</blockquote></p><p> In regards to PC integrated GPUs, AMD is roughly in parity with NVIDIA while INTC dominates with roughly 68% of the market.</p><p><blockquote>在PC集成GPU方面，AMD与NVIDIA大致相当，而INTC以大约68%的市场份额占据主导地位。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/67a0fe74d986cf882623a8f39587d0d8\" tg-width=\"544\" tg-height=\"394\" referrerpolicy=\"no-referrer\"><span>Source:tom'sHARDWARE</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：汤姆五金</span></p></blockquote></p><p> However, NVIDIA dominates the discrete GPU space with an 80% plus market share with AMD sweeping up what is left. NVIDIA’s discrete GPUs are arguably superior to AMD’s (more on that later); therefore, investors should not look for growth here.</p><p><blockquote>然而，NVIDIA以80%以上的市场份额主导着独立GPU领域，AMD席卷了剩下的市场份额。NVIDIA的独立GPU可以说优于AMD的（稍后会详细介绍）；因此，投资者不应该在这里寻找增长。</blockquote></p><p> Although AMD’s EPYC server CPU products were competitive with that of rivals, initially the company relied on aggressive pricing to promote its first generation of EPYC offerings. However, the EPYC line has gained wider acceptance, and with the Milan processors, the company is gaining market share. As server CPUs provide a better profit margin than the company’s other products, expansion into that space should aid in driving revenue.</p><p><blockquote>尽管AMD的EPYC服务器CPU产品与竞争对手相比具有竞争力，但最初该公司依靠激进的定价来推广其第一代EPYC产品。然而，EPYC系列已经获得了更广泛的认可，随着米兰处理器的推出，该公司正在获得市场份额。由于服务器CPU比该公司的其他产品提供了更好的利润率，因此向该领域的扩张应该有助于增加收入。</blockquote></p><p> Late last year,AMD entered intoa deal&nbsp;to acquire&nbsp;Xilinx (XLNX), a leader in field programmable gate array (FPGA) chips. FPGAs can be used for a wide variety of applications. Because shifting to a competing FPGA provider requires retraining of engineers in software and design tools, customers are loath to make a switch to a competing vendor. Consequently, if the Xilinx deal goes through, AMD will have acquired a wide moat business. Management guides for operational efficiencies of approximately $300 million within 18 months of closing the transaction.</p><p><blockquote>去年年底，AMD达成协议收购现场可编程门阵列(FPGA)芯片领域的领导者Xilinx(XLNX)。FPGA可用于多种应用。由于转向竞争对手的FPGA提供商需要对工程师进行软件和设计工具方面的再培训，因此客户不愿意转向竞争对手的供应商。因此，如果Xilinx交易成功，AMD将获得一条宽阔的护城河业务。交易完成后18个月内运营效率约3亿美元的管理指南。</blockquote></p><p> The Xilinx acquisition should bolster AMD’s data center and artificial intelligence businesses.</p><p><blockquote>收购Xilinx应该会增强AMD的数据中心和人工智能业务。</blockquote></p><p> AMD agreed to acquire Xilinx for $35 billion in an all-stock transaction.</p><p><blockquote>AMD同意以350亿美元的全股票交易收购赛灵思。</blockquote></p><p> <b>A Survey of NVIDIA</b></p><p><blockquote><b>英伟达调查</b></blockquote></p><p> NVDA's focus on the graphics processing units market has led the company to a dominant position in the discrete GPU space. The firm is the leader in discrete GPUs for computing platforms, especially gaming consoles. The fact that Intel licensed intellectual property from NVIDIA to integrate GPUs into its PC chipset testifies to the lead the company maintains.</p><p><blockquote>NVDA对图形处理单元市场的关注使该公司在独立GPU领域占据了主导地位。该公司是计算平台（尤其是游戏机）独立GPU领域的领导者。英特尔从英伟达获得知识产权许可，将GPU集成到其PC芯片组中，这一事实证明了该公司保持的领先地位。</blockquote></p><p> The chart below provides a record of the burgeoning ASP the company has been able to command over the last half decade, beginning with the Pascal architecture in 2016, and progressing through Turing to Ampere.</p><p><blockquote>下图记录了该公司在过去五年中能够控制的蓬勃发展的ASP，从2016年的Pascal架构开始，通过Turing发展到Ampere。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/04fb1d71f9df02f6c63907fe784b2fd8\" tg-width=\"1280\" tg-height=\"720\" referrerpolicy=\"no-referrer\"><span>Source:AMD Investor Presentation</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：AMD投资者介绍</span></p></blockquote></p><p> The firm’s chips are also found in many high-end PCs, and NVDA has particular strength in the incipient AI and self-driving vehicle markets.</p><p><blockquote>该公司的芯片也存在于许多高端PC中，NVDA在新兴的人工智能和自动驾驶汽车市场尤其具有优势。</blockquote></p><p> GPUs are being teamed with CPUs to&nbsp;enhance&nbsp;computation workloads. This stratagem is designed to bolster the ability of AI systems to perform computationally intensive tasks. AI related to&nbsp;autonomous&nbsp;vehicles is a developing strength for NVIDIA. Another arena in which the firm is making its mark is in cloud</p><p><blockquote>GPU正与CPU结合使用，以增强计算工作负载。这一策略旨在增强人工智能系统执行计算密集型任务的能力。与自动驾驶汽车相关的人工智能是英伟达的发展优势。该公司崭露头角的另一个领域是云领域</blockquote></p><p> AI and data centers pose the most likely avenue of growth for NVDA. To strengthen its position in both businesses, the company moved last year to acquire ARM Holdings (ARMHF) from parent company Softbank for $40 billion.</p><p><blockquote>人工智能和数据中心是NVDA最有可能的增长途径。为了加强其在这两项业务中的地位，该公司去年以400亿美元从母公司软银手中收购了ARM Holdings(ARMHF)。</blockquote></p><p> ARM is the globe’s largest licensor of chip designs. Its chips are ubiquitous and can be found in mobile phones, smart TVs, and tablet computers. 160 billion chips have been made using ARM designs.</p><p><blockquote>ARM是全球最大的芯片设计许可方。它的芯片无处不在，手机、智能电视、平板电脑都能找到。使用ARM设计制造了1600亿个芯片。</blockquote></p><p></p><p> Perhaps of equal importance is that 13 million developers work with ARM devices. To place that in context, NVDA has 2 million developers working on its array of devices.</p><p><blockquote>也许同样重要的是，有1300万开发人员使用ARM设备。从背景来看，NVDA有200万开发人员在开发其设备系列。</blockquote></p><p> Unfortunately for investors, bothChinaand theU.K.are reportedly balking at approving the deal.</p><p><blockquote>对投资者来说不幸的是，据报道，中国和英国都不愿批准这笔交易。</blockquote></p><p> <b>Head-To-Head Comparisons</b></p><p><blockquote><b>头对头比较</b></blockquote></p><p> <b>Valuation Metrics</b></p><p><blockquote><b>估值指标</b></blockquote></p><p> The following chart provides a variety of metrics related to each stock's valuation. All data labeled forward is analysts’ next fiscal year consensus estimate.</p><p><blockquote>下图提供了与每只股票估值相关的各种指标。所有标有前瞻性的数据都是分析师对下一财年的一致预期。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1bdeabcd2ea473601fbaaaa03235de77\" tg-width=\"576\" tg-height=\"336\" referrerpolicy=\"no-referrer\"><span>Source:Seeking Alpha Premium/ chart by author</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Seeking Alpha Premium/作者图表</span></p></blockquote></p><p> Next, I’m using a graph to provide PEG ratios for the three companies. As there can be fairly wide variations in PEG ratios due to analysts’ inputs, I prefer that readers have access to multiple sources when I find wide variance in the ratio.</p><p><blockquote>接下来，我用图表来提供这三家公司的PEG比率。由于分析师的输入可能会导致PEG比率存在相当大的差异，因此当我发现比率存在较大差异时，我希望读者能够访问多个来源。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/884fc2142d97afcc9e2308e50058dd45\" tg-width=\"576\" tg-height=\"336\" referrerpolicy=\"no-referrer\"><span>Chart by author</span></p><p><blockquote><p class=\"t-img-caption\"><span>作者图表</span></p></blockquote></p><p> Note that Seeking Alpha provides a three to five-year PEG, Schwab simply lists its metric as a PEG ratio, while Yahoo! Finance calculates a five-year ratio. This could explain some of the variance in the numbers provided.</p><p><blockquote>请注意，Seeking Alpha提供了三到五年的PEG，嘉信理财只是将其指标列为PEG比率，而雅虎！财务计算五年比率。这可以解释所提供数字中的一些差异。</blockquote></p><p> Perusing the first chart, it is obvious that NVDA is the most overvalued. It is also interesting to note that in the current P/E and the forward price/cash flow estimates show AMD as valued near the sector median.</p><p><blockquote>仔细阅读第一张图表，很明显NVDA是最被高估的。还值得注意的是，当前市盈率和远期价格/现金流估计显示AMD的估值接近行业中位数。</blockquote></p><p> Count me as an investor that places great emphasis on a stocks PEG Ratio. Viewing the second chart, AMD has the best PEG of the three companies. I also note that analysts from each source calculated AMD’s PEG ratio as better than the sector median.</p><p><blockquote>我是一个非常重视股票PEG比率的投资者。查看第二张图表，AMD的PEG是三家公司中最好的。我还注意到，各来源的分析师计算出AMD的PEG比率均优于行业中位数。</blockquote></p><p> Do not misinterpret my findings. While INTC has a lower valuation in many respects, when considering other factors, I rate AMD higher overall. In other words, it is not the cheapest valuation but the best valuation, for lack of a better means to articulate my view.</p><p><blockquote>不要误解我的发现。虽然INTC在很多方面的估值较低，但考虑到其他因素，我对AMD的整体评价较高。换句话说，这不是最便宜的估值，而是最好的估值，因为缺乏更好的方式来表达我的观点。</blockquote></p><p> <b>=Advantage AMD</b></p><p><blockquote><b>=优势AMD</b></blockquote></p><p> <b>Analysts’ Price Targets</b></p><p><blockquote><b>分析师的价格目标</b></blockquote></p><p> NVIDIA shares currently trade for $202.95. The average 12-month price target of 33 analysts is $186.49. The average price target of the 17 analysts that rated the stock following the latest earnings report is $210.53, about 3.7% above the current price of the stock.</p><p><blockquote>NVIDIA股价目前交易价格为202.95美元。33位分析师的平均12个月目标价为186.49美元。在最新财报发布后对该股进行评级的17名分析师的平均目标价为210.53美元，比该股当前价格高出约3.7%。</blockquote></p><p> AMD shares currently trade for $107.58. The average 12-month price target of 28 analysts is $108.56. The average price target of the 11 analysts that rated the stock following the latest earnings report is $117.27, roughly 9% above the prevailing share price.</p><p><blockquote>AMD股价目前交易价格为107.58美元。28位分析师的平均12个月目标价为108.56美元。在最新财报发布后对该股进行评级的11位分析师的平均目标价为117.27美元，比当前股价高出约9%。</blockquote></p><p> Intel shares currently trade for $54.05. The average 12-month price target of 34 analysts is $59.86. The average price target of the 16 analysts that rated the stock following the latest earnings report is $58.97, a 9% premium over the current share price.</p><p><blockquote>英特尔股价目前交易价格为54.05美元。34位分析师的平均12个月目标价为59.86美元。在最新财报发布后对该股进行评级的16位分析师的平均目标价为58.97美元，较当前股价溢价9%。</blockquote></p><p> Investors should be aware that it has been nearly three months since NVDA posted quarterly earnings while INTC and AMD reported recently.</p><p><blockquote>投资者应该知道，自NVDA公布季度收益而INTC和AMD最近公布季度收益以来，已经过去了近三个月。</blockquote></p><p> <b>=Tie AMD/INTC</b></p><p><blockquote><b>=Tie AMD/INTC</b></blockquote></p><p> <b>Growth Rates</b></p><p><blockquote><b>增长率</b></blockquote></p><p> The next chart provides data for growth rates. Unless otherwise noted, the metrics reflect analysts' average two-year forecasts.</p><p><blockquote>下一张图表提供了增长率数据。除非另有说明，这些指标反映了分析师的平均两年预测。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e8ae1b79b3731a985fc209e626ca4886\" tg-width=\"577\" tg-height=\"337\" referrerpolicy=\"no-referrer\"><span>Source:Seeking Alpha Premium/ Chart by author</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Seeking Alpha Premium/作者图表</span></p></blockquote></p><p> While investors familiar with these three companies would expect INTC to perform poorly in relation to NVDA and AMD in regarding growth, in several cases Intel is projected to experience negative growth rates.</p><p><blockquote>虽然熟悉这三家公司的投资者预计INTC在增长方面的表现不如NVDA和AMD，但在某些情况下，英特尔预计将出现负增长率。</blockquote></p><p> Advanced Micro Devices projected growth leads that of NVIDIA in every category, and at times by very wide margins.</p><p><blockquote>Advanced Micro Devices的预计增长在每个类别中都领先于NVIDIA，有时甚至大幅领先。</blockquote></p><p> <b>=Advantage AMD</b></p><p><blockquote><b>=优势AMD</b></blockquote></p><p> I considered providing a chart outlining the profitability of each company; however, suffice it to say that each is highly profitable, and that a juxtaposition of the three would result in a tie.</p><p><blockquote>我考虑提供一张图表，概述每家公司的盈利能力；然而，只要说每一个都是高利润就足够了，三者并置会导致平局。</blockquote></p><p> I often provide a comparison that breaks down dividend metrics, but AMD does not pay a dividend, and NVDA has an anemic yield. INTC currently yields about 2.6%. The dividend is well funded.</p><p><blockquote>我经常提供分解股息指标的比较，但AMD不支付股息，而NVDA的收益率也很低。INTC目前的收益率约为2.6%。股息资金充足。</blockquote></p><p> <b>Debt Metrics</b></p><p><blockquote><b>债务指标</b></blockquote></p><p> NVIDIA had $12.67 billion in cash and $5.96 billion at the end of the last quarter. Should the ARM acquisition meet approval, the deal is structured so that $21 billion of the $40 billion purchase price will be in stock.</p><p><blockquote>英伟达拥有126.7亿美元现金，上季度末为59.6亿美元。如果ARM收购获得批准，该交易的结构将使400亿美元收购价格中的210亿美元将是股票。</blockquote></p><p> AMD has restructured its debt resulting in reduced interest costs. AMD had about $3.8 billion in cash and $313 million in long-term debt at the end of the most recent quarter.</p><p><blockquote>AMD重组了债务，从而降低了利息成本。截至最近一个季度末，AMD拥有约38亿美元现金和3.13亿美元长期债务。</blockquote></p><p> Intel's has solid investment-grade credit ratings. The company held nearly $24.86 billion cash at the end of the last quarter and had $31.7 billion long-term debt.</p><p><blockquote>英特尔拥有可靠的投资级信用评级。截至上季度末，该公司持有近248.6亿美元现金，长期债务为317亿美元。</blockquote></p><p></p><p> All three firms have strong financial positions. Weighing the possibility that NVDA and AMD may add debt due to prospective acquisitions, I am rating the three firms as equals.</p><p><blockquote>这三家公司都拥有强劲的财务状况。考虑到NVDA和AMD可能因潜在收购而增加债务的可能性，我对这三家公司的评级相同。</blockquote></p><p> <b>R&amp;D Budgets</b></p><p><blockquote><b>研发预算</b></blockquote></p><p> This is the first time I have&nbsp;compared&nbsp;the R&amp;D budgets of companies for a head-to-head showdown. However, in the semiconductor industry, that can be of pivotal importance.</p><p><blockquote>这是我第一次比较企业的研发预算进行正面对决。然而，在半导体行业，这可能至关重要。</blockquote></p><p> Last fiscal year, Intel devoted over $13.5 billion to R&amp;D, NVDA spent nearly $2.83 billion, and AMD budgeted a bit over $1.9 billion on research and development.</p><p><blockquote>上一财年，英特尔在研发上投入了超过135亿美元，NVDA花费了近28.3亿美元，AMD的研发预算略高于19亿美元。</blockquote></p><p> AMD is at a clear disadvantage, and that weakness is magnified because it often competes against INTC and NVDA in different arenas. It should be noted that a portion of Intel’s R&amp;D is funneled to its foundry business. Nevertheless, it is the clear winner here, and AMD is the obvious loser.</p><p><blockquote>AMD处于明显的劣势，而且这种劣势被放大了，因为它经常在不同的领域与INTC和NVDA竞争。应该指出的是，英特尔的部分研发资金流向了其代工业务。尽管如此，它是这里明显的赢家，AMD是明显的输家。</blockquote></p><p> I should add that NVDA is chipping away at AMD’s share of the discrete GPU market, and I believe that trend will continue, in part due to the disparity in R&amp;D budgets.</p><p><blockquote>我应该补充一点，NVDA正在蚕食AMD在独立GPU市场的份额，我相信这种趋势将继续下去，部分原因是研发预算的差异。</blockquote></p><p> <b>=Advantage INTC</b></p><p><blockquote><b>=优势INTC</b></blockquote></p><p> <b>Bottom Line: Which Is The Best Chip Stock?</b></p><p><blockquote><b>一句话：最好的芯片股是哪只？</b></blockquote></p><p> To arrive at an answer, much depends on whether NVIDIA can complete its acquisition of ARM.</p><p><blockquote>要得出答案，很大程度上取决于英伟达能否完成对ARM的收购。</blockquote></p><p> Because ARM processors are more power and cost-efficient than x86 chips, NVDA could gain market share in the data center space. Since around a third of Intel’s revenue flows from data centers, that could represent a headwind for INTC and a positive for NVDA. However, there is a good chance the deal will fail to close.</p><p><blockquote>由于ARM处理器比x86芯片更强大、更具成本效益，NVDA可以在数据中心领域获得市场份额。由于英特尔大约三分之一的收入来自数据中心，这可能对INTC来说是一个阻力，对NVDA来说是一个积极的因素。然而，这笔交易很有可能无法完成。</blockquote></p><p> The degree of success Intel finds as its&nbsp;planned&nbsp;foundries come online is another factor that should be weighed.</p><p><blockquote>英特尔计划的代工厂上线后取得的成功程度是另一个应该权衡的因素。</blockquote></p><p> A development to be weighed is that AMD has now reached parity with INTC in the PC market in terms of the quality of its products. Furthermore, AMD is gaining market share in the server market, and I expect that trend to continue.</p><p><blockquote>一个需要权衡的发展是，就其产品质量而言，AMD现在已经在PC市场上与INTC持平。此外，AMD正在服务器市场获得市场份额，我预计这一趋势将持续下去。</blockquote></p><p> On the other hand, AMD is losing share in the discrete GPU market to NVDA. NVDA has a technological lead in that space which will probably continue.</p><p><blockquote>另一方面，AMD正在将独立GPU市场的份额输给NVDA。NVDA在该领域拥有技术领先地位，这种领先地位可能会持续下去。</blockquote></p><p> While AMD and NVDA are seen as growth machines, one should not ignore that Intel’s Internet of Things business increased by 47% in the last quarter. Mobileye also saw a surge in growth with revenue increasing 124%. Although these businesses only totaled $1.3 billion in revenue, a fraction of Intel's total revenue of $18.5 billion, they still represent areas of high growth.</p><p><blockquote>虽然AMD和NVDA被视为增长机器，但人们不应忽视英特尔的物联网业务在上个季度增长了47%。Mobileye也出现了大幅增长，收入增长了124%。尽管这些业务的总收入只有13亿美元，与英特尔185亿美元的总收入相比只是一小部分，但它们仍然代表着高增长领域。</blockquote></p><p> However, note the header refers to “chip stock.” Consequently, technological advantages are but one part of the puzzle. Any investment decision must take current valuations and prospective growth rates into account.</p><p><blockquote>但是，请注意标题指的是“芯片库存”。因此，技术优势只是难题的一部分。任何投资决策都必须考虑当前估值和预期增长率。</blockquote></p><p> With that in mind, I must rate NVIDIA as a HOLD due to current valuation and growth estimates. Note my rating is based on the current valuation of the stock. I acknowledge the exemplary leadership of the company and believe the long-term prospect for the stock is excellent.</p><p><blockquote>考虑到这一点，由于目前的估值和增长预期，我必须将英伟达评级为持有。请注意，我的评级基于该股票的当前估值。我承认该公司堪称典范的领导力，并相信该股票的长期前景非常好。</blockquote></p><p> I also rate INTC as a HOLD. I previously rated the company as a buy. While I still believe the firm will serve long-term investors well, I now believe its recovery will unfold over a long time span, and better opportunities are available.</p><p><blockquote>我也将INTC评级为持有。我之前将该公司评级为买入。虽然我仍然相信该公司将很好地为长期投资者服务，但我现在相信它的复苏将在很长一段时间内展开，并且会有更好的机会。</blockquote></p><p> I rate AMD as a BUY. This is based on the current valuations and growth rates outlined in this article. I’ll add that those metrics are buttressed by my perception that as Intel works on its recovery, AMD is likely to chip away at market share.</p><p><blockquote>我将AMD评级为买入。这是基于本文概述的当前估值和增长率。我要补充的是，这些指标得到了我的看法的支持，即随着英特尔努力复苏，AMD可能会蚕食市场份额。</blockquote></p><p> For additional insights into the technological aspects of an investment in AMD and INTC, I recommend an excellent article by SA&nbsp;contributor&nbsp;Keyanoush Razavidinani.</p><p><blockquote>为了更多地了解投资AMD和INTC的技术方面，我推荐SA撰稿人Keyanoush Razavidinani的一篇优秀文章。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4448637-amd-intel-nvidia-best-chip-stock\">seekingalpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/dad74e350b9b09d45929989f896aaa9d","relate_stocks":{"NVDA":"英伟达","INTC":"英特尔","AMD":"美国超微公司"},"source_url":"https://seekingalpha.com/article/4448637-amd-intel-nvidia-best-chip-stock","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1138705612","content_text":"Summary\n\nAMD's recent CPU and GPU offerings have been more competitive with Intel and NVIDIA's products.\nAMD’s EPYC server chips have proved to be comparable or even superior to certain Intel chips and have led to AMD gaining server CPU market share.\nEven so, Intel is the leader in the processor market and holds long-term advantages over AMD in R&D, marketing, and pricing.\nNvidia is ahead of AMD in GPU technology and is leveraging its GPUs into adjacent end markets such as artificial intelligence.\n\nAndy/iStock via Getty Images\nIntel (INTC) was once the microchip industry equivalent of the Colossus of Rhodes, a monument to the power of Moore’s law. However, the firm stumbled with its 10-nanometer process, and recently announced its 7-nm process will be delayed until 2023.\nThis left the door open to Advanced Micro Devices Inc. (AMD), and that firm has taken full advantage of the opportunity. AMD has taken a large share of the CPU market and is making inroads into the once nearly impenetrable server market.\nAMD now has seven consecutive quarters of double-digit revenue growth under its belt, and it appears the firm is gaining momentum: management now guides for 60% revenue growth for the full year, up from the 50% forecast provided in the previous quarter.\nHowever, AMD also competes with NVIDIA Corporation (NVDA), and the latter company’s GPU technology is stealing market share. NVDA has also been successful in gaining access to adjacent markets with its GPUs, especially AI and automotive markets.\nThe Ins And Outs of Intel\nAn understanding of Intel also provides insights into AMD. This is due to the overlap between the two companies, particularly in regards to x86 chips. Intel developed the x86 chip in 1978. To satisfy demands by IBM that Intel would not be the sole supplier of the chips, INTC provided x86 instruction set architecture licensing to AMD.\nConsequently, Intel and AMD have a duopoly position in the PC and server markets, as nearly all computer software is written for x86 architecture. The result is that both have a wide moat related to the x86 ecosystem.\nGaming consoles in particular are based on x86 architecture due to those platforms generally providing more powerful CPUs and GPUs with multiple compute cores. Like PCs, consoles operate with games that use x86 based software. Once again, this stifles potential competition from ARM-based devices.\nUntil fairly recently, AMD was a distant second to INTC as a supplier of x86 chips. However, AMD teamed with Taiwan Semiconductor(NYSE:TSM)to use that manufacturer’s 7nm process to surpass INTC in process technology. Combined with AMD’s developing new innovative chip designs, this one-two punch resulted in INTC losing significant market share.\nAt the end of Q1, AMD held 19.30% of the x86 desktop market, a 70 basis point gain year-over-year. In Q2 AMD corralled 8% of the server market, up from a 5% market share in Q4 of 2019.\nDespite these setbacks, it seems premature to view Intel as a moribund business. INTC is one of the largest semiconductor companies in the world. The firm dominates the server market, and still holds 60% of the global x86 CPU market.\nThe company has an enormous R&D budget, and it is expanding into new markets, primarily Artificial Intelligence, Field-Programmable Gate Array chips, and automotive offerings, through its acquisitions of Habana Labs, Altera, Movidius, and Mobileye.\nInvestors should not be swayed by the claim that Intel’s new 10nm chips are inferior to 7nm solely on the basis that 7 is superior to 10. While once used to denote the technology level of a chip design, it has been misused to the point of being useless.\nHowever, there are a number of concerns that must be acknowledged. Intel lags competitors in the smartphone market. As consumers shift to mobile devices, this could result in a sustained headwind as smartphones take the place of PCs. On the other hand, it should be acknowledged that INTC’s server processor business has seen growth associated with the surge in mobile devices and cloud computing.\nIntel also faces increased competition from AMD in the data center space, as well as customers developing their own ARM-based chips for CPUs.\nAn Overview of AMD\nIn years past, INTC held the lion’s share of the x86 market. This was due in part to Intel’s leading-edge manufacturing combined with AMD’s wafer supply agreements with less than stellar GlobalFoundries.\nHowever, a seismic shift occurred due to three factors: driven by innovative designs, AMD brought competitive products to market, AMD shifted to TSMC for production, and Intel faced repeated manufacturing delays. The two charts below document the progress the company has made.\nSource:Q2 Earnings Presentation\nSource:Q2 Earnings Presentation\nLike Intel, AMD’s primary products are CPUs and GPUs. AMD’s chips are designed for PCs, game consoles, servers, and blockchain applications. And like INTC, AMD’s offerings are largely protected from competition due to the preponderance of software for PCs and servers being designed for x86 architecture.\nAMD’s strong growth has largely come at the expense of Intel as AMD has steadily chipped away at the former company’s CPU market share.\nSource:Seeking Alpha\nAMD’s focus on CPU and GPU semi-custom processor applications has resulted in their use in Microsoft Xbox and Sony PlayStation game consoles.\nIn regards to PC integrated GPUs, AMD is roughly in parity with NVIDIA while INTC dominates with roughly 68% of the market.\nSource:tom'sHARDWARE\nHowever, NVIDIA dominates the discrete GPU space with an 80% plus market share with AMD sweeping up what is left. NVIDIA’s discrete GPUs are arguably superior to AMD’s (more on that later); therefore, investors should not look for growth here.\nAlthough AMD’s EPYC server CPU products were competitive with that of rivals, initially the company relied on aggressive pricing to promote its first generation of EPYC offerings. However, the EPYC line has gained wider acceptance, and with the Milan processors, the company is gaining market share. As server CPUs provide a better profit margin than the company’s other products, expansion into that space should aid in driving revenue.\nLate last year,AMD entered intoa deal to acquire Xilinx (XLNX), a leader in field programmable gate array (FPGA) chips. FPGAs can be used for a wide variety of applications. Because shifting to a competing FPGA provider requires retraining of engineers in software and design tools, customers are loath to make a switch to a competing vendor. Consequently, if the Xilinx deal goes through, AMD will have acquired a wide moat business. Management guides for operational efficiencies of approximately $300 million within 18 months of closing the transaction.\nThe Xilinx acquisition should bolster AMD’s data center and artificial intelligence businesses.\nAMD agreed to acquire Xilinx for $35 billion in an all-stock transaction.\nA Survey of NVIDIA\nNVDA's focus on the graphics processing units market has led the company to a dominant position in the discrete GPU space. The firm is the leader in discrete GPUs for computing platforms, especially gaming consoles. The fact that Intel licensed intellectual property from NVIDIA to integrate GPUs into its PC chipset testifies to the lead the company maintains.\nThe chart below provides a record of the burgeoning ASP the company has been able to command over the last half decade, beginning with the Pascal architecture in 2016, and progressing through Turing to Ampere.\nSource:AMD Investor Presentation\nThe firm’s chips are also found in many high-end PCs, and NVDA has particular strength in the incipient AI and self-driving vehicle markets.\nGPUs are being teamed with CPUs to enhance computation workloads. This stratagem is designed to bolster the ability of AI systems to perform computationally intensive tasks. AI related to autonomous vehicles is a developing strength for NVIDIA. Another arena in which the firm is making its mark is in cloud\nAI and data centers pose the most likely avenue of growth for NVDA. To strengthen its position in both businesses, the company moved last year to acquire ARM Holdings (ARMHF) from parent company Softbank for $40 billion.\nARM is the globe’s largest licensor of chip designs. Its chips are ubiquitous and can be found in mobile phones, smart TVs, and tablet computers. 160 billion chips have been made using ARM designs.\nPerhaps of equal importance is that 13 million developers work with ARM devices. To place that in context, NVDA has 2 million developers working on its array of devices.\nUnfortunately for investors, bothChinaand theU.K.are reportedly balking at approving the deal.\nHead-To-Head Comparisons\nValuation Metrics\nThe following chart provides a variety of metrics related to each stock's valuation. All data labeled forward is analysts’ next fiscal year consensus estimate.\nSource:Seeking Alpha Premium/ chart by author\nNext, I’m using a graph to provide PEG ratios for the three companies. As there can be fairly wide variations in PEG ratios due to analysts’ inputs, I prefer that readers have access to multiple sources when I find wide variance in the ratio.\nChart by author\nNote that Seeking Alpha provides a three to five-year PEG, Schwab simply lists its metric as a PEG ratio, while Yahoo! Finance calculates a five-year ratio. This could explain some of the variance in the numbers provided.\nPerusing the first chart, it is obvious that NVDA is the most overvalued. It is also interesting to note that in the current P/E and the forward price/cash flow estimates show AMD as valued near the sector median.\nCount me as an investor that places great emphasis on a stocks PEG Ratio. Viewing the second chart, AMD has the best PEG of the three companies. I also note that analysts from each source calculated AMD’s PEG ratio as better than the sector median.\nDo not misinterpret my findings. While INTC has a lower valuation in many respects, when considering other factors, I rate AMD higher overall. In other words, it is not the cheapest valuation but the best valuation, for lack of a better means to articulate my view.\n=Advantage AMD\nAnalysts’ Price Targets\nNVIDIA shares currently trade for $202.95. The average 12-month price target of 33 analysts is $186.49. The average price target of the 17 analysts that rated the stock following the latest earnings report is $210.53, about 3.7% above the current price of the stock.\nAMD shares currently trade for $107.58. The average 12-month price target of 28 analysts is $108.56. The average price target of the 11 analysts that rated the stock following the latest earnings report is $117.27, roughly 9% above the prevailing share price.\nIntel shares currently trade for $54.05. The average 12-month price target of 34 analysts is $59.86. The average price target of the 16 analysts that rated the stock following the latest earnings report is $58.97, a 9% premium over the current share price.\nInvestors should be aware that it has been nearly three months since NVDA posted quarterly earnings while INTC and AMD reported recently.\n=Tie AMD/INTC\nGrowth Rates\nThe next chart provides data for growth rates. Unless otherwise noted, the metrics reflect analysts' average two-year forecasts.\nSource:Seeking Alpha Premium/ Chart by author\nWhile investors familiar with these three companies would expect INTC to perform poorly in relation to NVDA and AMD in regarding growth, in several cases Intel is projected to experience negative growth rates.\nAdvanced Micro Devices projected growth leads that of NVIDIA in every category, and at times by very wide margins.\n=Advantage AMD\nI considered providing a chart outlining the profitability of each company; however, suffice it to say that each is highly profitable, and that a juxtaposition of the three would result in a tie.\nI often provide a comparison that breaks down dividend metrics, but AMD does not pay a dividend, and NVDA has an anemic yield. INTC currently yields about 2.6%. The dividend is well funded.\nDebt Metrics\nNVIDIA had $12.67 billion in cash and $5.96 billion at the end of the last quarter. Should the ARM acquisition meet approval, the deal is structured so that $21 billion of the $40 billion purchase price will be in stock.\nAMD has restructured its debt resulting in reduced interest costs. AMD had about $3.8 billion in cash and $313 million in long-term debt at the end of the most recent quarter.\nIntel's has solid investment-grade credit ratings. The company held nearly $24.86 billion cash at the end of the last quarter and had $31.7 billion long-term debt.\nAll three firms have strong financial positions. Weighing the possibility that NVDA and AMD may add debt due to prospective acquisitions, I am rating the three firms as equals.\nR&D Budgets\nThis is the first time I have compared the R&D budgets of companies for a head-to-head showdown. However, in the semiconductor industry, that can be of pivotal importance.\nLast fiscal year, Intel devoted over $13.5 billion to R&D, NVDA spent nearly $2.83 billion, and AMD budgeted a bit over $1.9 billion on research and development.\nAMD is at a clear disadvantage, and that weakness is magnified because it often competes against INTC and NVDA in different arenas. It should be noted that a portion of Intel’s R&D is funneled to its foundry business. Nevertheless, it is the clear winner here, and AMD is the obvious loser.\nI should add that NVDA is chipping away at AMD’s share of the discrete GPU market, and I believe that trend will continue, in part due to the disparity in R&D budgets.\n=Advantage INTC\nBottom Line: Which Is The Best Chip Stock?\nTo arrive at an answer, much depends on whether NVIDIA can complete its acquisition of ARM.\nBecause ARM processors are more power and cost-efficient than x86 chips, NVDA could gain market share in the data center space. Since around a third of Intel’s revenue flows from data centers, that could represent a headwind for INTC and a positive for NVDA. However, there is a good chance the deal will fail to close.\nThe degree of success Intel finds as its planned foundries come online is another factor that should be weighed.\nA development to be weighed is that AMD has now reached parity with INTC in the PC market in terms of the quality of its products. Furthermore, AMD is gaining market share in the server market, and I expect that trend to continue.\nOn the other hand, AMD is losing share in the discrete GPU market to NVDA. NVDA has a technological lead in that space which will probably continue.\nWhile AMD and NVDA are seen as growth machines, one should not ignore that Intel’s Internet of Things business increased by 47% in the last quarter. Mobileye also saw a surge in growth with revenue increasing 124%. Although these businesses only totaled $1.3 billion in revenue, a fraction of Intel's total revenue of $18.5 billion, they still represent areas of high growth.\nHowever, note the header refers to “chip stock.” Consequently, technological advantages are but one part of the puzzle. Any investment decision must take current valuations and prospective growth rates into account.\nWith that in mind, I must rate NVIDIA as a HOLD due to current valuation and growth estimates. Note my rating is based on the current valuation of the stock. I acknowledge the exemplary leadership of the company and believe the long-term prospect for the stock is excellent.\nI also rate INTC as a HOLD. I previously rated the company as a buy. While I still believe the firm will serve long-term investors well, I now believe its recovery will unfold over a long time span, and better opportunities are available.\nI rate AMD as a BUY. This is based on the current valuations and growth rates outlined in this article. I’ll add that those metrics are buttressed by my perception that as Intel works on its recovery, AMD is likely to chip away at market share.\nFor additional insights into the technological aspects of an investment in AMD and INTC, I recommend an excellent article by SA contributor Keyanoush Razavidinani.","news_type":1,"symbols_score_info":{"AMD":0.9,"NVDA":0.9,"INTC":0.9}},"isVote":1,"tweetType":1,"viewCount":1471,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":896591941,"gmtCreate":1628590694083,"gmtModify":1631890159465,"author":{"id":"3572418035699527","authorId":"3572418035699527","name":"财神爷爷97","avatar":"https://static.tigerbbs.com/bcb5096bb391a4364a255cfe900aece0","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572418035699527","idStr":"3572418035699527"},"themes":[],"htmlText":"[Surprised]&nbsp;","listText":"[Surprised]&nbsp;","text":"[Surprised]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/896591941","repostId":"1199439318","repostType":4,"repost":{"id":"1199439318","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":1628583651,"share":"https://www.laohu8.com/m/news/1199439318?lang=zh_CN&edition=full","pubTime":"2021-08-10 16:20","market":"us","language":"en","title":"Tesla shares fell 1% in premarket trading,as the company delivering 8,621 Chinese-made vehicles in China  in July, down 69% from the previous month.<blockquote>特斯拉股价在盘前交易中下跌1%，该公司7月份在中国交付了8,621辆中国制造汽车，环比下降69%。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1199439318","media":"Tiger Newspress","summary":"Tesla&nbsp;shares&nbsp;fell&nbsp;1%&nbsp;in&nbsp;premarket&nbsp;trading,as&nbsp;the&nbsp;company&nbsp;delivering&nbsp;8,621&nbsp;Chinese-made&nbsp;vehicles&nbsp;in&nbsp;China&nbsp; in July, down 69% from the previous month.","content":"<p>Tesla&nbsp;shares&nbsp;fell&nbsp;1%&nbsp;in&nbsp;premarket&nbsp;trading,as&nbsp;the&nbsp;company&nbsp;delivering&nbsp;8,621&nbsp;Chinese-made&nbsp;vehicles&nbsp;in&nbsp;China&nbsp; in July, down 69% from the previous month.</p><p><blockquote>特斯拉股价在盘前交易中下跌1%，该公司7月份在中国交付了8,621辆中国制造汽车，环比下降69%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/6658f9412245f1a24a5923cb11933e10\" tg-width=\"859\" tg-height=\"613\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla shares fell 1% in premarket trading,as the company delivering 8,621 Chinese-made vehicles in China  in July, down 69% from the previous month.<blockquote>特斯拉股价在盘前交易中下跌1%，该公司7月份在中国交付了8,621辆中国制造汽车，环比下降69%。</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\">\nTesla shares fell 1% in premarket trading,as the company delivering 8,621 Chinese-made vehicles in China  in July, down 69% from the previous month.<blockquote>特斯拉股价在盘前交易中下跌1%，该公司7月份在中国交付了8,621辆中国制造汽车，环比下降69%。</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\">2021-08-10 16:20</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Tesla&nbsp;shares&nbsp;fell&nbsp;1%&nbsp;in&nbsp;premarket&nbsp;trading,as&nbsp;the&nbsp;company&nbsp;delivering&nbsp;8,621&nbsp;Chinese-made&nbsp;vehicles&nbsp;in&nbsp;China&nbsp; in July, down 69% from the previous month.</p><p><blockquote>特斯拉股价在盘前交易中下跌1%，该公司7月份在中国交付了8,621辆中国制造汽车，环比下降69%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/6658f9412245f1a24a5923cb11933e10\" tg-width=\"859\" tg-height=\"613\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1199439318","content_text":"Tesla shares fell 1% in premarket trading,as the company delivering 8,621 Chinese-made vehicles in China  in July, down 69% from the previous month.","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":2656,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":804957426,"gmtCreate":1627917861065,"gmtModify":1631890159466,"author":{"id":"3572418035699527","authorId":"3572418035699527","name":"财神爷爷97","avatar":"https://static.tigerbbs.com/bcb5096bb391a4364a255cfe900aece0","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572418035699527","idStr":"3572418035699527"},"themes":[],"htmlText":"Good recommendations&nbsp;","listText":"Good recommendations&nbsp;","text":"Good recommendations","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/804957426","repostId":"2156161791","repostType":4,"isVote":1,"tweetType":1,"viewCount":1821,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":802190895,"gmtCreate":1627727682217,"gmtModify":1631890159470,"author":{"id":"3572418035699527","authorId":"3572418035699527","name":"财神爷爷97","avatar":"https://static.tigerbbs.com/bcb5096bb391a4364a255cfe900aece0","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572418035699527","idStr":"3572418035699527"},"themes":[],"htmlText":"Interesting","listText":"Interesting","text":"Interesting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/802190895","repostId":"1186334150","repostType":4,"repost":{"id":"1186334150","kind":"news","pubTimestamp":1627713845,"share":"https://www.laohu8.com/m/news/1186334150?lang=zh_CN&edition=full","pubTime":"2021-07-31 14:44","market":"us","language":"en","title":"Infrastructure Spending Is on Its Way. Here’s a Cheap Way to Play It<blockquote>基础设施支出正在路上。这里有一个便宜的玩法</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1186334150","media":"Barron's","summary":"U.S. lawmakers appear to be on the cusp of passing a massive and long-awaitedinfrastructure-investme","content":"<p>U.S. lawmakers appear to be on the cusp of passing a massive and long-awaitedinfrastructure-investment bill, totaling some $1 trillion.</p><p><blockquote>美国立法者似乎即将通过一项期待已久的大规模基础设施投资法案，总额约为1万亿美元。</blockquote></p><p> The legislation should be a boost to businesses like<a href=\"https://laohu8.com/S/VMC\">Vulcan Materials</a>(ticker: VMC) and<a href=\"https://laohu8.com/S/MLM\">Martin Marietta Materials</a>(MLM), which make concrete and asphalt;<a href=\"https://laohu8.com/S/CAT\">Caterpillar</a>(CAT) and<a href=\"https://laohu8.com/S/TEX\">Terex</a>(TEX), which make construction equipment; and<a href=\"https://laohu8.com/S/URI\">United Rentals</a>(URI), which rents the machinery. Most of their stocks have already jumped on theprospect of infrastructure spending.</p><p><blockquote>这项立法应该会促进像这样的企业<a href=\"https://laohu8.com/S/VMC\">瓦肯材料</a>（股票代码：VMC）和<a href=\"https://laohu8.com/S/MLM\">马丁·玛丽埃塔材料</a>（传销），生产混凝土和沥青；<a href=\"https://laohu8.com/S/CAT\">毛虫</a>（猫）和<a href=\"https://laohu8.com/S/TEX\">特雷克斯</a>（特克斯），制造建筑设备；和<a href=\"https://laohu8.com/S/URI\">联合租赁公司</a>(URI)，租赁机器。由于基础设施支出的前景，他们的大多数股票已经上涨。</blockquote></p><p> But <a href=\"https://laohu8.com/S/AONE.U\">one</a> infrastructure play has been overlooked:<a href=\"https://laohu8.com/S/AFH\">Atlas</a> Technical Consultants(ATCX) provides engineering and design services, inspection and certification of buildings and public works, and other construction-related services. More construction means more plans and designs for Atlas to review. These eventually become finished projects that need annual inspections, paying dividends for years.</p><p><blockquote>但<a href=\"https://laohu8.com/S/AONE.U\">一</a>基础设施的发挥被忽视了：<a href=\"https://laohu8.com/S/AFH\">阿特拉斯</a>技术顾问(ATCX)提供工程和设计服务、建筑物和公共工程的检查和认证以及其他与建筑相关的服务。更多的建设意味着更多的计划和设计供Atlas审查。这些最终成为需要年度检查的成品项目，多年来都有回报。</blockquote></p><p> And yet Atlas shares have stalled. At a recent $9, the stock trades for just eight times enterprise value to estimated 2022 earnings before interest, taxes, depreciation, and amortization, or Ebitda. That multiple is a significant discount to companies in related inspection businesses, such asMontrose Environmental Group(MEG) andTetra Tech(TTEK), which trade for more than 22 times EV/2022 Ebitda.</p><p><blockquote>然而阿特拉斯的股价却停滞不前。该股最近的股价为9美元，仅为企业价值与预计2022年息税折旧摊销前利润(Ebitda)的八倍。对于Montrose Environmental Group(MEG)和Tetra Tech(TTEK)等相关检测业务的公司来说，这一倍数是EV/2022 Ebitda的22倍以上。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/19ad62f427fb70a25aa96068bc5d1756\" tg-width=\"442\" tg-height=\"364\" referrerpolicy=\"no-referrer\">“Right now, part of the valuation discount is due to the debt, but I would say there are companies like Atlas where the debt is appropriate,” says Kevin Silverman, chief investment officer and portfolio manager at small-cap–focused <a href=\"https://laohu8.com/S/STL\">Sterling</a> Partners <a href=\"https://laohu8.com/S/EQR\">Equity</a> Advisors, which owns more than $2 million worth of Atlas stock, accounting for about 2% of its assets under management. “The debt helps equity holders if you have steady profit margins and can use it for growth.”</p><p><blockquote>专注于小盘股的首席投资官兼投资组合经理凯文·西尔弗曼(Kevin Silverman)表示：“目前，估值折扣的部分原因是债务，但我想说，像Atlas这样的公司债务是合适的。”<a href=\"https://laohu8.com/S/STL\">英镑</a>合作伙伴<a href=\"https://laohu8.com/S/EQR\">公平</a>Advisors拥有价值超过200万美元的Atlas股票，约占其管理资产的2%。“如果你有稳定的利润率并可以利用它来实现增长，那么债务会对股东有所帮助。”</blockquote></p><p> And Atlas has substantial opportunities for growth. Beyond the infrastructure-bill boost, Atlas has a long-term strategy of consolidating the fragmented U.S. inspection-services market while reducing its debt levels. Both should increase its appeal to investors and earn it a higher valuation multiple.</p><p><blockquote>Atlas拥有巨大的增长机会。除了基础设施法案的提振之外，Atlas还有一项长期战略，即整合分散的美国检验服务市场，同时降低其债务水平。两者都应该会增加其对投资者的吸引力，并为其赢得更高的估值倍数。</blockquote></p><p> The Austin, Texas–headquartered company went public inearly 2020via a merger with a special-purpose acquisition company, or SPAC. The deal saddled the company with a convoluted capital structure, including multiple share classes, outstanding warrants, and other complications. That complexity has probably kept some investors away, as has Atlas’ relatively high debt load, which comes to 5.5 times net debt to 2021 Ebitda.</p><p><blockquote>这家总部位于德克萨斯州奥斯汀的公司于2020年初通过与一家特殊目的收购公司(SPAC)合并上市。这笔交易给该公司带来了复杂的资本结构，包括多个股票类别、未偿认股权证和其他复杂因素。这种复杂性可能让一些投资者望而却步，Atlas相对较高的债务负担也是如此，其净债务是2021年Ebitda的5.5倍。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/99bb73a7c212bfed6d0890b8b14fbc15\" tg-width=\"607\" tg-height=\"396\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Atlas has reduced that complexity—redeeming its preferred equity, buying out warrants, and increasing the stock’s publicly traded float—and is focused on bringing its net debt below three times Ebitda.</p><p><blockquote>Atlas降低了这种复杂性——赎回其优先股、买断认股权证并增加股票的公开交易流通量——并专注于将其净债务降至Ebitda的三倍以下。</blockquote></p><p> Atlas is forecast to grow sales 13% this year, to $530 million, with Ebitda up 21%, to $76 million.</p><p><blockquote>Atlas预计今年销售额将增长13%，达到5.3亿美元，Ebitda将增长21%，达到7600万美元。</blockquote></p><p> Its customers include state departments of transportation, private building owners, electric and water utilities, airports, schools, hospitals, and more. Its national presence and leading scale helps win and retain marquee projects and big clients, including the U.S. Postal <a href=\"https://laohu8.com/S/SCI\">Service</a>, the Environmental Protection Agency, the <a href=\"https://laohu8.com/S/NWY\">New York</a> <a href=\"https://laohu8.com/S/CHCO\">City</a> Housing Authority, Stanford University,Walmart(WMT), and<a href=\"https://laohu8.com/S/AAPL\">Apple</a>(AAPL).</p><p><blockquote>其客户包括州交通部门、私人建筑业主、电力和水务公司、机场、学校、医院等。其在全国的影响力和领先的规模有助于赢得和留住大型项目和大客户，包括美国邮政<a href=\"https://laohu8.com/S/SCI\">服务</a>环境保护局<a href=\"https://laohu8.com/S/NWY\">纽约</a><a href=\"https://laohu8.com/S/CHCO\">城市</a>住房管理局、斯坦福大学、沃尔玛(WMT)和<a href=\"https://laohu8.com/S/AAPL\">苹果</a>（苹果公司）。</blockquote></p><p> Atlas earned $64 million in adjusted Ebitda over the past four reported quarters, while it had a net loss of $18 million. As of the end of the first quarter, the company had a backlog of $689 million, or more than 140% of its last 12 months’ revenue of $482 million. “I’ve been in this business for 30 years, and it’s by far the highest I’ve seen,” Atlas CEO Joe Boyer tells<i>Barron’s</i>.</p><p><blockquote>Atlas在过去四个报告季度的调整后Ebitda为6400万美元，而净亏损为1800万美元。截至第一季度末，该公司的积压订单为6.89亿美元，占过去12个月收入4.82亿美元的140%以上。Atlas首席执行官乔·博耶(Joe Boyer)表示：“我从事这个行业已经30年了，这是迄今为止我见过的最高水平。”<i>巴伦周刊</i>.</blockquote></p><p> About 70% of the company’s revenue comes from work on existing buildings, pipes, roads, and bridges. Those jobs are nondiscretionary: As we’ve tragically learned at times, infrastructure needs to be inspected and brought up to code at regular intervals, no matter what the economic or pandemic situation is.</p><p><blockquote>该公司约70%的收入来自现有建筑、管道、道路和桥梁的工作。这些工作是非自由裁量的：正如我们有时悲惨地了解到的那样，无论经济或疫情形势如何，基础设施都需要定期检查和更新。</blockquote></p><p> The remaining 30% of Atlas’ sales are tied to new construction, which dipped during the pandemic but is nearly back to pre-Covid-19 levels, according to Boyer.</p><p><blockquote>Boyer表示，Atlas剩余30%的销售额与新建筑有关，新建筑在大流行期间有所下降，但几乎回到了Covid-19之前的水平。</blockquote></p><p></p><p> A long-term trend toward outsourcing services by cities and states, stricter environmental standards, and aging infrastructure in the U.S. have been drivers of Atlas’ organic growth in recent years.</p><p><blockquote>美国城市和州外包服务的长期趋势、更严格的环境标准以及老化的基础设施一直是Atlas近年来有机增长的驱动力。</blockquote></p><p> That trend has been responsible for about half of Atlas’ 20% compound annual growth in sales since 2016, when it was owned by private-equity firm Bernhard Capital Partners. The other avenue for growth has been Atlas’ acquisition strategy.</p><p><blockquote>自2016年Atlas归私募股权公司Bernhard Capital Partners所有以来，这一趋势约占Atlas销售额复合年增长率20%的一半。另一条增长途径是阿特拉斯的收购战略。</blockquote></p><p> “The idea is to find a company in a geography or a service that we don’t dominate in, bring it onto our platform, and cross-sell across our network,” Boyer says.</p><p><blockquote>“我们的想法是在我们不占主导地位的地区或服务中找到一家公司，将其带到我们的平台上，并通过我们的网络进行交叉销售，”博耶说。</blockquote></p><p> Atlas’ sweet spot for acquisition targets is about $5 million to $20 million in Ebitda, The company typically pays four to six times Ebitda in a mix of cash and stock. That makes each deal immediately accretive to earnings.</p><p><blockquote>Atlas的最佳收购目标是Ebitda约为500万至2000万美元，该公司通常以现金和股票的方式支付Ebitda的四至六倍。这使得每笔交易都会立即增加收益。</blockquote></p><p> As a small and relatively young public company, Atlas gets minimal coverage from Wall Street, but the three analysts who cover the firm are bullish. “We think the company is in end markets that are strong or recovering; they’ve been winning large contracts, and its backlog has been growing,” says <a href=\"https://laohu8.com/S/SF\">Stifel</a> analyst Noelle Dilts. “So, we feel good about the fundamental revenue outlook.”</p><p><blockquote>作为一家规模较小且相对年轻的上市公司，Atlas得到的华尔街报道很少，但研究该公司的三位分析师持乐观态度。“我们认为该公司所处的终端市场强劲或正在复苏；他们一直在赢得大合同，而且积压订单一直在增长，”他说<a href=\"https://laohu8.com/S/SF\">斯蒂费尔</a>分析师诺埃尔·迪尔茨。“因此，我们对基本收入前景感觉良好。”</blockquote></p><p> She rates Atlas a Buy, with a $14.50 price target, or 11 times her estimate of 2022 Ebitda, which doesn’t include any upside from a potential infrastructure bill. Using a 15 times Ebitda multiple, Sterling’s Silverman sees shares going to $43 three years from now, as debt paydown continues and earnings rise.</p><p><blockquote>她将Atlas评级为买入，目标价为14.50美元，是她对2022年Ebitda预期的11倍，其中不包括潜在基础设施法案带来的任何上行空间。使用15倍的Ebitda倍数，Sterling的Silverman预计，随着债务偿还的继续和盈利的上升，三年后股价将升至43美元。</blockquote></p><p> Atlas’ balance sheet remains a fixer-upper, but the company has the right foundation.</p><p><blockquote>阿特拉斯的资产负债表仍然有待修复，但该公司拥有正确的基础。</blockquote></p><p></p>","source":"lsy1610680873436","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>Infrastructure Spending Is on Its Way. Here’s a Cheap Way to Play It<blockquote>基础设施支出正在路上。这里有一个便宜的玩法</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\">\nInfrastructure Spending Is on Its Way. Here’s a Cheap Way to Play It<blockquote>基础设施支出正在路上。这里有一个便宜的玩法</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barron's</strong><span class=\"h-time small\">2021-07-31 14:44</span>\n</p>\n</h4>\n</header>\n<article>\n<p>U.S. lawmakers appear to be on the cusp of passing a massive and long-awaitedinfrastructure-investment bill, totaling some $1 trillion.</p><p><blockquote>美国立法者似乎即将通过一项期待已久的大规模基础设施投资法案，总额约为1万亿美元。</blockquote></p><p> The legislation should be a boost to businesses like<a href=\"https://laohu8.com/S/VMC\">Vulcan Materials</a>(ticker: VMC) and<a href=\"https://laohu8.com/S/MLM\">Martin Marietta Materials</a>(MLM), which make concrete and asphalt;<a href=\"https://laohu8.com/S/CAT\">Caterpillar</a>(CAT) and<a href=\"https://laohu8.com/S/TEX\">Terex</a>(TEX), which make construction equipment; and<a href=\"https://laohu8.com/S/URI\">United Rentals</a>(URI), which rents the machinery. Most of their stocks have already jumped on theprospect of infrastructure spending.</p><p><blockquote>这项立法应该会促进像这样的企业<a href=\"https://laohu8.com/S/VMC\">瓦肯材料</a>（股票代码：VMC）和<a href=\"https://laohu8.com/S/MLM\">马丁·玛丽埃塔材料</a>（传销），生产混凝土和沥青；<a href=\"https://laohu8.com/S/CAT\">毛虫</a>（猫）和<a href=\"https://laohu8.com/S/TEX\">特雷克斯</a>（特克斯），制造建筑设备；和<a href=\"https://laohu8.com/S/URI\">联合租赁公司</a>(URI)，租赁机器。由于基础设施支出的前景，他们的大多数股票已经上涨。</blockquote></p><p> But <a href=\"https://laohu8.com/S/AONE.U\">one</a> infrastructure play has been overlooked:<a href=\"https://laohu8.com/S/AFH\">Atlas</a> Technical Consultants(ATCX) provides engineering and design services, inspection and certification of buildings and public works, and other construction-related services. More construction means more plans and designs for Atlas to review. These eventually become finished projects that need annual inspections, paying dividends for years.</p><p><blockquote>但<a href=\"https://laohu8.com/S/AONE.U\">一</a>基础设施的发挥被忽视了：<a href=\"https://laohu8.com/S/AFH\">阿特拉斯</a>技术顾问(ATCX)提供工程和设计服务、建筑物和公共工程的检查和认证以及其他与建筑相关的服务。更多的建设意味着更多的计划和设计供Atlas审查。这些最终成为需要年度检查的成品项目，多年来都有回报。</blockquote></p><p> And yet Atlas shares have stalled. At a recent $9, the stock trades for just eight times enterprise value to estimated 2022 earnings before interest, taxes, depreciation, and amortization, or Ebitda. That multiple is a significant discount to companies in related inspection businesses, such asMontrose Environmental Group(MEG) andTetra Tech(TTEK), which trade for more than 22 times EV/2022 Ebitda.</p><p><blockquote>然而阿特拉斯的股价却停滞不前。该股最近的股价为9美元，仅为企业价值与预计2022年息税折旧摊销前利润(Ebitda)的八倍。对于Montrose Environmental Group(MEG)和Tetra Tech(TTEK)等相关检测业务的公司来说，这一倍数是EV/2022 Ebitda的22倍以上。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/19ad62f427fb70a25aa96068bc5d1756\" tg-width=\"442\" tg-height=\"364\" referrerpolicy=\"no-referrer\">“Right now, part of the valuation discount is due to the debt, but I would say there are companies like Atlas where the debt is appropriate,” says Kevin Silverman, chief investment officer and portfolio manager at small-cap–focused <a href=\"https://laohu8.com/S/STL\">Sterling</a> Partners <a href=\"https://laohu8.com/S/EQR\">Equity</a> Advisors, which owns more than $2 million worth of Atlas stock, accounting for about 2% of its assets under management. “The debt helps equity holders if you have steady profit margins and can use it for growth.”</p><p><blockquote>专注于小盘股的首席投资官兼投资组合经理凯文·西尔弗曼(Kevin Silverman)表示：“目前，估值折扣的部分原因是债务，但我想说，像Atlas这样的公司债务是合适的。”<a href=\"https://laohu8.com/S/STL\">英镑</a>合作伙伴<a href=\"https://laohu8.com/S/EQR\">公平</a>Advisors拥有价值超过200万美元的Atlas股票，约占其管理资产的2%。“如果你有稳定的利润率并可以利用它来实现增长，那么债务会对股东有所帮助。”</blockquote></p><p> And Atlas has substantial opportunities for growth. Beyond the infrastructure-bill boost, Atlas has a long-term strategy of consolidating the fragmented U.S. inspection-services market while reducing its debt levels. Both should increase its appeal to investors and earn it a higher valuation multiple.</p><p><blockquote>Atlas拥有巨大的增长机会。除了基础设施法案的提振之外，Atlas还有一项长期战略，即整合分散的美国检验服务市场，同时降低其债务水平。两者都应该会增加其对投资者的吸引力，并为其赢得更高的估值倍数。</blockquote></p><p> The Austin, Texas–headquartered company went public inearly 2020via a merger with a special-purpose acquisition company, or SPAC. The deal saddled the company with a convoluted capital structure, including multiple share classes, outstanding warrants, and other complications. That complexity has probably kept some investors away, as has Atlas’ relatively high debt load, which comes to 5.5 times net debt to 2021 Ebitda.</p><p><blockquote>这家总部位于德克萨斯州奥斯汀的公司于2020年初通过与一家特殊目的收购公司(SPAC)合并上市。这笔交易给该公司带来了复杂的资本结构，包括多个股票类别、未偿认股权证和其他复杂因素。这种复杂性可能让一些投资者望而却步，Atlas相对较高的债务负担也是如此，其净债务是2021年Ebitda的5.5倍。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/99bb73a7c212bfed6d0890b8b14fbc15\" tg-width=\"607\" tg-height=\"396\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Atlas has reduced that complexity—redeeming its preferred equity, buying out warrants, and increasing the stock’s publicly traded float—and is focused on bringing its net debt below three times Ebitda.</p><p><blockquote>Atlas降低了这种复杂性——赎回其优先股、买断认股权证并增加股票的公开交易流通量——并专注于将其净债务降至Ebitda的三倍以下。</blockquote></p><p> Atlas is forecast to grow sales 13% this year, to $530 million, with Ebitda up 21%, to $76 million.</p><p><blockquote>Atlas预计今年销售额将增长13%，达到5.3亿美元，Ebitda将增长21%，达到7600万美元。</blockquote></p><p> Its customers include state departments of transportation, private building owners, electric and water utilities, airports, schools, hospitals, and more. Its national presence and leading scale helps win and retain marquee projects and big clients, including the U.S. Postal <a href=\"https://laohu8.com/S/SCI\">Service</a>, the Environmental Protection Agency, the <a href=\"https://laohu8.com/S/NWY\">New York</a> <a href=\"https://laohu8.com/S/CHCO\">City</a> Housing Authority, Stanford University,Walmart(WMT), and<a href=\"https://laohu8.com/S/AAPL\">Apple</a>(AAPL).</p><p><blockquote>其客户包括州交通部门、私人建筑业主、电力和水务公司、机场、学校、医院等。其在全国的影响力和领先的规模有助于赢得和留住大型项目和大客户，包括美国邮政<a href=\"https://laohu8.com/S/SCI\">服务</a>环境保护局<a href=\"https://laohu8.com/S/NWY\">纽约</a><a href=\"https://laohu8.com/S/CHCO\">城市</a>住房管理局、斯坦福大学、沃尔玛(WMT)和<a href=\"https://laohu8.com/S/AAPL\">苹果</a>（苹果公司）。</blockquote></p><p> Atlas earned $64 million in adjusted Ebitda over the past four reported quarters, while it had a net loss of $18 million. As of the end of the first quarter, the company had a backlog of $689 million, or more than 140% of its last 12 months’ revenue of $482 million. “I’ve been in this business for 30 years, and it’s by far the highest I’ve seen,” Atlas CEO Joe Boyer tells<i>Barron’s</i>.</p><p><blockquote>Atlas在过去四个报告季度的调整后Ebitda为6400万美元，而净亏损为1800万美元。截至第一季度末，该公司的积压订单为6.89亿美元，占过去12个月收入4.82亿美元的140%以上。Atlas首席执行官乔·博耶(Joe Boyer)表示：“我从事这个行业已经30年了，这是迄今为止我见过的最高水平。”<i>巴伦周刊</i>.</blockquote></p><p> About 70% of the company’s revenue comes from work on existing buildings, pipes, roads, and bridges. Those jobs are nondiscretionary: As we’ve tragically learned at times, infrastructure needs to be inspected and brought up to code at regular intervals, no matter what the economic or pandemic situation is.</p><p><blockquote>该公司约70%的收入来自现有建筑、管道、道路和桥梁的工作。这些工作是非自由裁量的：正如我们有时悲惨地了解到的那样，无论经济或疫情形势如何，基础设施都需要定期检查和更新。</blockquote></p><p> The remaining 30% of Atlas’ sales are tied to new construction, which dipped during the pandemic but is nearly back to pre-Covid-19 levels, according to Boyer.</p><p><blockquote>Boyer表示，Atlas剩余30%的销售额与新建筑有关，新建筑在大流行期间有所下降，但几乎回到了Covid-19之前的水平。</blockquote></p><p></p><p> A long-term trend toward outsourcing services by cities and states, stricter environmental standards, and aging infrastructure in the U.S. have been drivers of Atlas’ organic growth in recent years.</p><p><blockquote>美国城市和州外包服务的长期趋势、更严格的环境标准以及老化的基础设施一直是Atlas近年来有机增长的驱动力。</blockquote></p><p> That trend has been responsible for about half of Atlas’ 20% compound annual growth in sales since 2016, when it was owned by private-equity firm Bernhard Capital Partners. The other avenue for growth has been Atlas’ acquisition strategy.</p><p><blockquote>自2016年Atlas归私募股权公司Bernhard Capital Partners所有以来，这一趋势约占Atlas销售额复合年增长率20%的一半。另一条增长途径是阿特拉斯的收购战略。</blockquote></p><p> “The idea is to find a company in a geography or a service that we don’t dominate in, bring it onto our platform, and cross-sell across our network,” Boyer says.</p><p><blockquote>“我们的想法是在我们不占主导地位的地区或服务中找到一家公司，将其带到我们的平台上，并通过我们的网络进行交叉销售，”博耶说。</blockquote></p><p> Atlas’ sweet spot for acquisition targets is about $5 million to $20 million in Ebitda, The company typically pays four to six times Ebitda in a mix of cash and stock. That makes each deal immediately accretive to earnings.</p><p><blockquote>Atlas的最佳收购目标是Ebitda约为500万至2000万美元，该公司通常以现金和股票的方式支付Ebitda的四至六倍。这使得每笔交易都会立即增加收益。</blockquote></p><p> As a small and relatively young public company, Atlas gets minimal coverage from Wall Street, but the three analysts who cover the firm are bullish. “We think the company is in end markets that are strong or recovering; they’ve been winning large contracts, and its backlog has been growing,” says <a href=\"https://laohu8.com/S/SF\">Stifel</a> analyst Noelle Dilts. “So, we feel good about the fundamental revenue outlook.”</p><p><blockquote>作为一家规模较小且相对年轻的上市公司，Atlas得到的华尔街报道很少，但研究该公司的三位分析师持乐观态度。“我们认为该公司所处的终端市场强劲或正在复苏；他们一直在赢得大合同，而且积压订单一直在增长，”他说<a href=\"https://laohu8.com/S/SF\">斯蒂费尔</a>分析师诺埃尔·迪尔茨。“因此，我们对基本收入前景感觉良好。”</blockquote></p><p> She rates Atlas a Buy, with a $14.50 price target, or 11 times her estimate of 2022 Ebitda, which doesn’t include any upside from a potential infrastructure bill. Using a 15 times Ebitda multiple, Sterling’s Silverman sees shares going to $43 three years from now, as debt paydown continues and earnings rise.</p><p><blockquote>她将Atlas评级为买入，目标价为14.50美元，是她对2022年Ebitda预期的11倍，其中不包括潜在基础设施法案带来的任何上行空间。使用15倍的Ebitda倍数，Sterling的Silverman预计，随着债务偿还的继续和盈利的上升，三年后股价将升至43美元。</blockquote></p><p> Atlas’ balance sheet remains a fixer-upper, but the company has the right foundation.</p><p><blockquote>阿特拉斯的资产负债表仍然有待修复，但该公司拥有正确的基础。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/infrastructure-buy-atlas-technical-consultants-stock-51627684191?mod=hp_LEAD_2\">Barron's</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.barrons.com/articles/infrastructure-buy-atlas-technical-consultants-stock-51627684191?mod=hp_LEAD_2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1186334150","content_text":"U.S. lawmakers appear to be on the cusp of passing a massive and long-awaitedinfrastructure-investment bill, totaling some $1 trillion.\nThe legislation should be a boost to businesses likeVulcan Materials(ticker: VMC) andMartin Marietta Materials(MLM), which make concrete and asphalt;Caterpillar(CAT) andTerex(TEX), which make construction equipment; andUnited Rentals(URI), which rents the machinery. Most of their stocks have already jumped on theprospect of infrastructure spending.\nBut one infrastructure play has been overlooked:Atlas Technical Consultants(ATCX) provides engineering and design services, inspection and certification of buildings and public works, and other construction-related services. More construction means more plans and designs for Atlas to review. These eventually become finished projects that need annual inspections, paying dividends for years.\nAnd yet Atlas shares have stalled. At a recent $9, the stock trades for just eight times enterprise value to estimated 2022 earnings before interest, taxes, depreciation, and amortization, or Ebitda. That multiple is a significant discount to companies in related inspection businesses, such asMontrose Environmental Group(MEG) andTetra Tech(TTEK), which trade for more than 22 times EV/2022 Ebitda.\n“Right now, part of the valuation discount is due to the debt, but I would say there are companies like Atlas where the debt is appropriate,” says Kevin Silverman, chief investment officer and portfolio manager at small-cap–focused Sterling Partners Equity Advisors, which owns more than $2 million worth of Atlas stock, accounting for about 2% of its assets under management. “The debt helps equity holders if you have steady profit margins and can use it for growth.”\nAnd Atlas has substantial opportunities for growth. Beyond the infrastructure-bill boost, Atlas has a long-term strategy of consolidating the fragmented U.S. inspection-services market while reducing its debt levels. Both should increase its appeal to investors and earn it a higher valuation multiple.\nThe Austin, Texas–headquartered company went public inearly 2020via a merger with a special-purpose acquisition company, or SPAC. The deal saddled the company with a convoluted capital structure, including multiple share classes, outstanding warrants, and other complications. That complexity has probably kept some investors away, as has Atlas’ relatively high debt load, which comes to 5.5 times net debt to 2021 Ebitda.\n\nAtlas has reduced that complexity—redeeming its preferred equity, buying out warrants, and increasing the stock’s publicly traded float—and is focused on bringing its net debt below three times Ebitda.\nAtlas is forecast to grow sales 13% this year, to $530 million, with Ebitda up 21%, to $76 million.\nIts customers include state departments of transportation, private building owners, electric and water utilities, airports, schools, hospitals, and more. Its national presence and leading scale helps win and retain marquee projects and big clients, including the U.S. Postal Service, the Environmental Protection Agency, the New York City Housing Authority, Stanford University,Walmart(WMT), andApple(AAPL).\nAtlas earned $64 million in adjusted Ebitda over the past four reported quarters, while it had a net loss of $18 million. As of the end of the first quarter, the company had a backlog of $689 million, or more than 140% of its last 12 months’ revenue of $482 million. “I’ve been in this business for 30 years, and it’s by far the highest I’ve seen,” Atlas CEO Joe Boyer tellsBarron’s.\nAbout 70% of the company’s revenue comes from work on existing buildings, pipes, roads, and bridges. Those jobs are nondiscretionary: As we’ve tragically learned at times, infrastructure needs to be inspected and brought up to code at regular intervals, no matter what the economic or pandemic situation is.\nThe remaining 30% of Atlas’ sales are tied to new construction, which dipped during the pandemic but is nearly back to pre-Covid-19 levels, according to Boyer.\nA long-term trend toward outsourcing services by cities and states, stricter environmental standards, and aging infrastructure in the U.S. have been drivers of Atlas’ organic growth in recent years.\nThat trend has been responsible for about half of Atlas’ 20% compound annual growth in sales since 2016, when it was owned by private-equity firm Bernhard Capital Partners. The other avenue for growth has been Atlas’ acquisition strategy.\n“The idea is to find a company in a geography or a service that we don’t dominate in, bring it onto our platform, and cross-sell across our network,” Boyer says.\nAtlas’ sweet spot for acquisition targets is about $5 million to $20 million in Ebitda, The company typically pays four to six times Ebitda in a mix of cash and stock. That makes each deal immediately accretive to earnings.\nAs a small and relatively young public company, Atlas gets minimal coverage from Wall Street, but the three analysts who cover the firm are bullish. “We think the company is in end markets that are strong or recovering; they’ve been winning large contracts, and its backlog has been growing,” says Stifel analyst Noelle Dilts. “So, we feel good about the fundamental revenue outlook.”\nShe rates Atlas a Buy, with a $14.50 price target, or 11 times her estimate of 2022 Ebitda, which doesn’t include any upside from a potential infrastructure bill. Using a 15 times Ebitda multiple, Sterling’s Silverman sees shares going to $43 three years from now, as debt paydown continues and earnings rise.\nAtlas’ balance sheet remains a fixer-upper, but the company has the right foundation.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":2588,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":802190109,"gmtCreate":1627727666701,"gmtModify":1631890159472,"author":{"id":"3572418035699527","authorId":"3572418035699527","name":"财神爷爷97","avatar":"https://static.tigerbbs.com/bcb5096bb391a4364a255cfe900aece0","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572418035699527","idStr":"3572418035699527"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/802190109","repostId":"1147779023","repostType":4,"repost":{"id":"1147779023","kind":"news","pubTimestamp":1627716124,"share":"https://www.laohu8.com/m/news/1147779023?lang=zh_CN&edition=full","pubTime":"2021-07-31 15:22","market":"us","language":"en","title":"You can beat stock market indexes — this fund manager has, and this is how she and her team did it<blockquote>你可以击败股市指数——这位基金经理做到了，她和她的团队就是这样做到的</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1147779023","media":"MarketWatch","summary":"Five key lessons on outperformance from Prabha Ram at the American Century Focused Dynamic Growth Fu","content":"<p>  <b>Five key lessons on outperformance from Prabha Ram at the American Century Focused Dynamic Growth Fund.</b>  Investing is a tough game. That’s why so many mutual funds lag behind their indices.</p><p><blockquote><b>美国世纪聚焦动态增长基金的Prabha Ram关于优异表现的五个关键经验教训。</b>投资是一场艰苦的游戏。这就是为什么如此多的共同基金落后于其指数。</blockquote></p><p> So when you find a fund with a great record, it pays to investigate what the fund managers are doing — to learn some lessons.</p><p><blockquote>因此，当你找到一只记录良好的基金时，调查基金经理在做什么是值得的——吸取一些教训。</blockquote></p><p> The American Century Focused Dynamic Growth FundACFSXfits the bill. The $2.8 billion fund beats its Russell 1000 Growth&nbsp;Index by over 6 percentage points annualized over the past three and five years, according toMorningstar. It outperforms its large-growth category by 8.6 percentage points annualized over five years. It has a reasonable 0.65% expense ratio.</p><p><blockquote>专注于美国世纪的动态增长基金符合这一要求。据晨星公司称，这只价值28亿美元的基金在过去三年和五年的年化收益比罗素1000增长指数高出6个百分点以上。五年来，它的年化表现比高增长类别高出8.6个百分点。它有一个合理的0.65%的费用率。</blockquote></p><p> The fund is co-managed by Prabha Ram, who I recently caught up with. Raised in India, Ram came to the U.S. as a teaching assistant at the University of Maine, where she earned a master’s degree in computer science. She went on to receive an MBA at the Wharton School at the University of Pennsylvania. Ram and three other portfolio managers have led this fund since 2016.</p><p><blockquote>该基金由Prabha Ram共同管理，我最近采访了他。拉姆在印度长大，来到美国，在缅因大学担任助教，并在那里获得了计算机科学硕士学位。她后来在宾夕法尼亚大学沃顿商学院获得了MBA学位。Ram和其他三名投资组合经理自2016年以来一直领导该基金。</blockquote></p><p> Here are the five key takeaways, with examples of specific stocks.</p><p><blockquote>以下是五个关键要点，并附有具体股票的示例。</blockquote></p><p> <b>1. Own companies that can “land and expand” in big markets</b></p><p><blockquote><b>1.拥有能在大市场“落地扩张”的公司</b></blockquote></p><p> Even though we’ve been in the digital age for years, many small companies still do much of their business on paper. Bill.comBILLwants to change that. The company was founded by CEO René Lacerte, who in the late 1990s started the online payroll company PayCycle, which was acquired by Intuit.</p><p><blockquote>尽管我们已经进入数字时代多年，但许多小公司仍然在纸上做大部分业务。Bill.comBill想要改变这一点。该公司由首席执行官RenéLacerte创立，他在20世纪90年代末创办了在线薪资公司PayCycle，该公司被Intuit收购。</blockquote></p><p> Bill.com helps small companies go digital in accounts payable and receivable payments. But that’s just the start. Once inside a company, Bill.com digitizes other areas like cash and expense account management.</p><p><blockquote>Bill.com帮助小公司实现应付账款和应收账款的数字化。但这仅仅是个开始。一旦进入公司内部，Bill.com就会将现金和费用账户管理等其他领域数字化。</blockquote></p><p> Bill.com “lands and expands” at clients, but it also uses their business partners to create a network of leads.</p><p><blockquote>Bill.com“登陆并扩展”客户，但它也利用他们的商业伙伴来创建潜在客户网络。</blockquote></p><p> “Every vendor is a network member, even if it is not a Bill.com customer,” says Ram. This network has about 2.5 million members. Bill.com also gets prospects from its partners, including Bank of AmericaBAC,JPMorgan ChaseJPMand American ExpressAXP.Sales grew 45% in the first quarter.</p><p><blockquote>“每个供应商都是网络成员，即使它不是Bill.com客户，”Ram说。这个网络大约有250万成员。Bill.com还从其合作伙伴那里获得了潜在客户，包括美国银行BAC、摩根大通JP和美国运通XP。第一季度销售额增长45%。</blockquote></p><p> Founder-run companies such as this one are worth considering because they often outperform.</p><p><blockquote>像这样的创始人经营的公司值得考虑，因为它们往往表现出色。</blockquote></p><p> <b>2. Seek out innovators</b></p><p><blockquote><b>2.寻找创新者</b></blockquote></p><p> Ram’s portfolio contains obvious innovators, including TeslaTSLA,Amazon.comAMZNand AlphabetGOOGL,her top three positions. Let’s look beyond technology — to beer.</p><p><blockquote>Ram的投资组合中包含明显的创新者，包括TeslaTSLA、Amazon.comAMZN和AlphabetGOOGL，这是她的前三名。让我们超越技术，看看啤酒。</blockquote></p><p> Back in the 1980s, Boston Beer founder Jim Koch began taking share from beer giants Anheuser-Busch InBevBUDand HeinekenHEINYby rolling out successful “craft” brews, starting with Samuel Adams. Koch helped invent the craft brew category, essentially taking the country back to pre-Prohibition days when the U.S. had hundreds of regional breweries making more flavorful beers for local tastes.</p><p><blockquote>早在20世纪80年代，波士顿啤酒创始人吉姆·科赫(Jim Koch)从塞缪尔·亚当斯(Samuel Adams)开始推出成功的“精酿”啤酒，开始从啤酒巨头安海斯-布希(Anheuser-Busch InbevBUD)和喜力海尼(Heinekenheiny)手中夺取份额。科赫帮助发明了精酿啤酒类别，基本上将美国带回了禁酒令前的时代，当时美国有数百家地区啤酒厂为当地口味生产更美味的啤酒。</blockquote></p><p> Boston Beer stock did very well, but then it stalled during 2015-2017 as beer sales overall went flat. In response, Boston Beer helped put a new category on the map — with its Truly Hard Seltzer brand rolled out in 2106. It remains one of the leading hard seltzers.</p><p><blockquote>波士顿啤酒股票表现非常好，但随后在2015年至2017年期间因啤酒销量整体持平而陷入停滞。作为回应，波士顿啤酒帮助推出了一个新的类别——其真正的硬苏打水品牌于2106年推出。它仍然是领先的硬苏打水之一。</blockquote></p><p> “We were drawn to the company because of its history of innovation,” says Ram, referring to her fund’s early position from the second quarter of 2016. “The stock was doing poorly because the beer market was flattening, but they were coming up with Truly Hard Seltzer. Truly was more successful than we anticipated. It created a new category.”</p><p><blockquote>“我们被这家公司吸引是因为它的创新历史，”拉姆说，她指的是她的基金从2016年第二季度开始的早期头寸。“由于啤酒市场趋于平缓，该股表现不佳，但他们推出了真正的硬苏打水。真正的苏打水比我们预期的更成功。它创造了一个新的类别。”</blockquote></p><p> This penchant for innovation at Boston Beer has helped keep Ram’s fund in the name. Other successful Boston Beer brands include Twisted Tea, Angry Orchard and Dogfish Head.</p><p><blockquote>波士顿啤酒对创新的热情帮助拉姆的基金得以保留。其他成功的波士顿啤酒品牌包括扭曲茶、愤怒果园和狗鱼头。</blockquote></p><p> A key takeaway here is that to find innovative companies, look for the ones led by people who have demonstrated a knack for innovation in the past. Innovative managers tend to keep on innovating. Boston Beer continually tests new seltzers, beers, hard ciders, distilled spirits and other drinks. Shareholders are betting they will come through again.</p><p><blockquote>这里的一个关键要点是，要寻找创新公司，要寻找那些由过去表现出创新能力的人领导的公司。创新型管理者倾向于不断创新。波士顿啤酒不断测试新的苏打水、啤酒、烈性苹果酒、蒸馏酒和其他饮料。股东们押注他们会再次成功。</blockquote></p><p> They’ll need the help. Boston Beer shares fell 20% on July 23 because so many competitors entered the hard cider niche. Sales grew 33% but net income fell 1.6% as the company jacked up advertising costs to try to combat the competition. The company slashed estimates for the year on an expected slowdown in sales growth.</p><p><blockquote>他们需要帮助。由于众多竞争对手进入烈性苹果酒领域，波士顿啤酒股价7月23日下跌20%。由于该公司提高了广告成本以对抗竞争，销售额增长了33%，但净利润下降了1.6%。由于预计销售增长放缓，该公司大幅下调了今年的预期。</blockquote></p><p> But don’t count out this innovator yet.</p><p><blockquote>但还不要排除这位创新者。</blockquote></p><p> “We recently announced plans to develop new innovative beverages with&nbsp;Beam Suntory&nbsp;that we are planning to launch in early 2022,” Boston Beer’s Koch said. Beam Suntory&nbsp;sells Jim Beam whiskey and other brands of spirits. “We believe these new beverages will further demonstrate our ability to innovate and grow our business as drinker preferences evolve.”</p><p><blockquote>波士顿啤酒的科赫表示：“我们最近宣布计划与Beam Suntory合作开发新的创新饮料，计划于2022年初推出。”Beam Suntory销售Jim Beam威士忌和其他品牌的烈酒。“我们相信，随着饮酒者偏好的变化，这些新饮料将进一步展示我们创新和发展业务的能力。”</blockquote></p><p> <b>3. Look for companies that can create and dominate a niche</b></p><p><blockquote><b>3.寻找能够创造并主导利基市场的公司</b></blockquote></p><p></p><p> For years as the gig economy emerged, the big credit card companies didn’t really care that much if the local yoga instructor could accept payments with a credit card. SquareSQrecognized this as an opportunity. So it launched its card payment device business in 2009. Since then, it has grown by taking on larger customers, and expanding into new lines of business in financial services such as cash management, debit cards loans and tax filing. Transaction-based revenue grew 27% in the first quarter, and subscription and services revenue soared 88%.</p><p><blockquote>多年来，随着零工经济的出现，大型信用卡公司并不真正关心当地的瑜伽教练是否可以接受信用卡付款。SquareSQ认为这是一个机会。于是在2009年推出了卡支付设备业务。从那时起，它通过接纳更大的客户并扩展到现金管理、借记卡贷款和报税等金融服务的新业务领域而实现了增长。第一季度基于交易的收入增长了27%，订阅和服务收入飙升了88%。</blockquote></p><p> This is a great example of a company that created a business niche. But it’s also a “land and expand” company because it grows by offering customers new services. Both qualities help companies maintain the competitive advantage Ram likes see in investments.</p><p><blockquote>这是一家公司创造商业利基的一个很好的例子。但它也是一家“土地和扩张”的公司，因为它通过向客户提供新服务来发展。这两种品质都有助于公司保持拉姆喜欢在投资中看到的竞争优势。</blockquote></p><p> <b>4. Buy companies in the early stages of rapid growth</b></p><p><blockquote><b>4.买入快速成长初期的公司</b></blockquote></p><p> One way to find these is to identify companies developing products that will transform an entire industry. Ram thinks that is the case with Alnylam PharmaceuticalsALNY.It’s developing novel therapies base on a technique called RNA interference (RNAi). Inside the body, messenger RNA (mRNA) encodes proteins we need, based on signals from RNA. Sometimes mRNA gets the signals crossed, and it encodes flawed proteins. This causes diseases.</p><p><blockquote>找到这些的一种方法是识别开发将改变整个行业的产品的公司。Ram认为Alnylam PharmaceuticalsALNY的情况就是如此。它正在开发基于RNA干扰（RNAi）技术的新疗法。在体内，信使RNA（mRNA）根据来自RNA的信号编码我们需要的蛋白质。有时mRNA会交叉信号，编码有缺陷的蛋白质。这会导致疾病。</blockquote></p><p> Alnylam has developed a way to tweak the RNAi pathway to silence the flawed signaling and block the creation of disease-causing proteins. So far, Alnylam has four approved RNAi-based medicines that treat rare hereditary diseases. The company has a dozen other therapies in clinical studies, including six in late-stage development.</p><p><blockquote>Alnylam开发了一种调整RNAi途径的方法，以沉默有缺陷的信号并阻止致病蛋白质的产生。到目前为止，Alnylam已经有四种获得批准的基于RNAi的药物，用于治疗罕见的遗传性疾病。该公司还有十几种其他疗法处于临床研究中，其中六种处于后期开发阶段。</blockquote></p><p> “This is a completely new area of therapeutics,” says Ram. “It is a platform of products that can treat a variety of conditions.”</p><p><blockquote>“这是一个全新的治疗领域，”拉姆说。“它是一个可以治疗多种疾病的产品平台。”</blockquote></p><p> <b>5. Hold stocks for the long term</b></p><p><blockquote><b>5.长期持有股票</b></blockquote></p><p> All of the names above are large positions in Ram’s fund, which tells me that Ram and her team think they have considerably more upside. If you buy any of them, though, remember you have to do so with a multi-year time horizon. That’s what Ram’s fund does. It has a low annual portfolio turnover of 27%. It’s important to have a long-term view, because it is so tough to call short-term moves in the stock market or in stocks, and you need to give companies time to develop.</p><p><blockquote>上述所有名字都是拉姆基金中的大量头寸，这告诉我拉姆和她的团队认为他们有更大的上涨空间。不过，如果您购买其中任何一款，请记住您必须在多年的时间范围内购买。拉姆的基金就是这么做的。它的年投资组合周转率较低，为27%。有长远的眼光很重要，因为看涨期权股市或股票的短期走势非常困难，你需要给公司发展的时间。</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>You can beat stock market indexes — this fund manager has, and this is how she and her team did it<blockquote>你可以击败股市指数——这位基金经理做到了，她和她的团队就是这样做到的</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nYou can beat stock market indexes — this fund manager has, and this is how she and her team did it<blockquote>你可以击败股市指数——这位基金经理做到了，她和她的团队就是这样做到的</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-07-31 15:22</span>\n</p>\n</h4>\n</header>\n<article>\n<p>  <b>Five key lessons on outperformance from Prabha Ram at the American Century Focused Dynamic Growth Fund.</b>  Investing is a tough game. That’s why so many mutual funds lag behind their indices.</p><p><blockquote><b>美国世纪聚焦动态增长基金的Prabha Ram关于优异表现的五个关键经验教训。</b>投资是一场艰苦的游戏。这就是为什么如此多的共同基金落后于其指数。</blockquote></p><p> So when you find a fund with a great record, it pays to investigate what the fund managers are doing — to learn some lessons.</p><p><blockquote>因此，当你找到一只记录良好的基金时，调查基金经理在做什么是值得的——吸取一些教训。</blockquote></p><p> The American Century Focused Dynamic Growth FundACFSXfits the bill. The $2.8 billion fund beats its Russell 1000 Growth&nbsp;Index by over 6 percentage points annualized over the past three and five years, according toMorningstar. It outperforms its large-growth category by 8.6 percentage points annualized over five years. It has a reasonable 0.65% expense ratio.</p><p><blockquote>专注于美国世纪的动态增长基金符合这一要求。据晨星公司称，这只价值28亿美元的基金在过去三年和五年的年化收益比罗素1000增长指数高出6个百分点以上。五年来，它的年化表现比高增长类别高出8.6个百分点。它有一个合理的0.65%的费用率。</blockquote></p><p> The fund is co-managed by Prabha Ram, who I recently caught up with. Raised in India, Ram came to the U.S. as a teaching assistant at the University of Maine, where she earned a master’s degree in computer science. She went on to receive an MBA at the Wharton School at the University of Pennsylvania. Ram and three other portfolio managers have led this fund since 2016.</p><p><blockquote>该基金由Prabha Ram共同管理，我最近采访了他。拉姆在印度长大，来到美国，在缅因大学担任助教，并在那里获得了计算机科学硕士学位。她后来在宾夕法尼亚大学沃顿商学院获得了MBA学位。Ram和其他三名投资组合经理自2016年以来一直领导该基金。</blockquote></p><p> Here are the five key takeaways, with examples of specific stocks.</p><p><blockquote>以下是五个关键要点，并附有具体股票的示例。</blockquote></p><p> <b>1. Own companies that can “land and expand” in big markets</b></p><p><blockquote><b>1.拥有能在大市场“落地扩张”的公司</b></blockquote></p><p> Even though we’ve been in the digital age for years, many small companies still do much of their business on paper. Bill.comBILLwants to change that. The company was founded by CEO René Lacerte, who in the late 1990s started the online payroll company PayCycle, which was acquired by Intuit.</p><p><blockquote>尽管我们已经进入数字时代多年，但许多小公司仍然在纸上做大部分业务。Bill.comBill想要改变这一点。该公司由首席执行官RenéLacerte创立，他在20世纪90年代末创办了在线薪资公司PayCycle，该公司被Intuit收购。</blockquote></p><p> Bill.com helps small companies go digital in accounts payable and receivable payments. But that’s just the start. Once inside a company, Bill.com digitizes other areas like cash and expense account management.</p><p><blockquote>Bill.com帮助小公司实现应付账款和应收账款的数字化。但这仅仅是个开始。一旦进入公司内部，Bill.com就会将现金和费用账户管理等其他领域数字化。</blockquote></p><p> Bill.com “lands and expands” at clients, but it also uses their business partners to create a network of leads.</p><p><blockquote>Bill.com“登陆并扩展”客户，但它也利用他们的商业伙伴来创建潜在客户网络。</blockquote></p><p> “Every vendor is a network member, even if it is not a Bill.com customer,” says Ram. This network has about 2.5 million members. Bill.com also gets prospects from its partners, including Bank of AmericaBAC,JPMorgan ChaseJPMand American ExpressAXP.Sales grew 45% in the first quarter.</p><p><blockquote>“每个供应商都是网络成员，即使它不是Bill.com客户，”Ram说。这个网络大约有250万成员。Bill.com还从其合作伙伴那里获得了潜在客户，包括美国银行BAC、摩根大通JP和美国运通XP。第一季度销售额增长45%。</blockquote></p><p> Founder-run companies such as this one are worth considering because they often outperform.</p><p><blockquote>像这样的创始人经营的公司值得考虑，因为它们往往表现出色。</blockquote></p><p> <b>2. Seek out innovators</b></p><p><blockquote><b>2.寻找创新者</b></blockquote></p><p> Ram’s portfolio contains obvious innovators, including TeslaTSLA,Amazon.comAMZNand AlphabetGOOGL,her top three positions. Let’s look beyond technology — to beer.</p><p><blockquote>Ram的投资组合中包含明显的创新者，包括TeslaTSLA、Amazon.comAMZN和AlphabetGOOGL，这是她的前三名。让我们超越技术，看看啤酒。</blockquote></p><p> Back in the 1980s, Boston Beer founder Jim Koch began taking share from beer giants Anheuser-Busch InBevBUDand HeinekenHEINYby rolling out successful “craft” brews, starting with Samuel Adams. Koch helped invent the craft brew category, essentially taking the country back to pre-Prohibition days when the U.S. had hundreds of regional breweries making more flavorful beers for local tastes.</p><p><blockquote>早在20世纪80年代，波士顿啤酒创始人吉姆·科赫(Jim Koch)从塞缪尔·亚当斯(Samuel Adams)开始推出成功的“精酿”啤酒，开始从啤酒巨头安海斯-布希(Anheuser-Busch InbevBUD)和喜力海尼(Heinekenheiny)手中夺取份额。科赫帮助发明了精酿啤酒类别，基本上将美国带回了禁酒令前的时代，当时美国有数百家地区啤酒厂为当地口味生产更美味的啤酒。</blockquote></p><p> Boston Beer stock did very well, but then it stalled during 2015-2017 as beer sales overall went flat. In response, Boston Beer helped put a new category on the map — with its Truly Hard Seltzer brand rolled out in 2106. It remains one of the leading hard seltzers.</p><p><blockquote>波士顿啤酒股票表现非常好，但随后在2015年至2017年期间因啤酒销量整体持平而陷入停滞。作为回应，波士顿啤酒帮助推出了一个新的类别——其真正的硬苏打水品牌于2106年推出。它仍然是领先的硬苏打水之一。</blockquote></p><p> “We were drawn to the company because of its history of innovation,” says Ram, referring to her fund’s early position from the second quarter of 2016. “The stock was doing poorly because the beer market was flattening, but they were coming up with Truly Hard Seltzer. Truly was more successful than we anticipated. It created a new category.”</p><p><blockquote>“我们被这家公司吸引是因为它的创新历史，”拉姆说，她指的是她的基金从2016年第二季度开始的早期头寸。“由于啤酒市场趋于平缓，该股表现不佳，但他们推出了真正的硬苏打水。真正的苏打水比我们预期的更成功。它创造了一个新的类别。”</blockquote></p><p> This penchant for innovation at Boston Beer has helped keep Ram’s fund in the name. Other successful Boston Beer brands include Twisted Tea, Angry Orchard and Dogfish Head.</p><p><blockquote>波士顿啤酒对创新的热情帮助拉姆的基金得以保留。其他成功的波士顿啤酒品牌包括扭曲茶、愤怒果园和狗鱼头。</blockquote></p><p> A key takeaway here is that to find innovative companies, look for the ones led by people who have demonstrated a knack for innovation in the past. Innovative managers tend to keep on innovating. Boston Beer continually tests new seltzers, beers, hard ciders, distilled spirits and other drinks. Shareholders are betting they will come through again.</p><p><blockquote>这里的一个关键要点是，要寻找创新公司，要寻找那些由过去表现出创新能力的人领导的公司。创新型管理者倾向于不断创新。波士顿啤酒不断测试新的苏打水、啤酒、烈性苹果酒、蒸馏酒和其他饮料。股东们押注他们会再次成功。</blockquote></p><p> They’ll need the help. Boston Beer shares fell 20% on July 23 because so many competitors entered the hard cider niche. Sales grew 33% but net income fell 1.6% as the company jacked up advertising costs to try to combat the competition. The company slashed estimates for the year on an expected slowdown in sales growth.</p><p><blockquote>他们需要帮助。由于众多竞争对手进入烈性苹果酒领域，波士顿啤酒股价7月23日下跌20%。由于该公司提高了广告成本以对抗竞争，销售额增长了33%，但净利润下降了1.6%。由于预计销售增长放缓，该公司大幅下调了今年的预期。</blockquote></p><p> But don’t count out this innovator yet.</p><p><blockquote>但还不要排除这位创新者。</blockquote></p><p> “We recently announced plans to develop new innovative beverages with&nbsp;Beam Suntory&nbsp;that we are planning to launch in early 2022,” Boston Beer’s Koch said. Beam Suntory&nbsp;sells Jim Beam whiskey and other brands of spirits. “We believe these new beverages will further demonstrate our ability to innovate and grow our business as drinker preferences evolve.”</p><p><blockquote>波士顿啤酒的科赫表示：“我们最近宣布计划与Beam Suntory合作开发新的创新饮料，计划于2022年初推出。”Beam Suntory销售Jim Beam威士忌和其他品牌的烈酒。“我们相信，随着饮酒者偏好的变化，这些新饮料将进一步展示我们创新和发展业务的能力。”</blockquote></p><p> <b>3. Look for companies that can create and dominate a niche</b></p><p><blockquote><b>3.寻找能够创造并主导利基市场的公司</b></blockquote></p><p></p><p> For years as the gig economy emerged, the big credit card companies didn’t really care that much if the local yoga instructor could accept payments with a credit card. SquareSQrecognized this as an opportunity. So it launched its card payment device business in 2009. Since then, it has grown by taking on larger customers, and expanding into new lines of business in financial services such as cash management, debit cards loans and tax filing. Transaction-based revenue grew 27% in the first quarter, and subscription and services revenue soared 88%.</p><p><blockquote>多年来，随着零工经济的出现，大型信用卡公司并不真正关心当地的瑜伽教练是否可以接受信用卡付款。SquareSQ认为这是一个机会。于是在2009年推出了卡支付设备业务。从那时起，它通过接纳更大的客户并扩展到现金管理、借记卡贷款和报税等金融服务的新业务领域而实现了增长。第一季度基于交易的收入增长了27%，订阅和服务收入飙升了88%。</blockquote></p><p> This is a great example of a company that created a business niche. But it’s also a “land and expand” company because it grows by offering customers new services. Both qualities help companies maintain the competitive advantage Ram likes see in investments.</p><p><blockquote>这是一家公司创造商业利基的一个很好的例子。但它也是一家“土地和扩张”的公司，因为它通过向客户提供新服务来发展。这两种品质都有助于公司保持拉姆喜欢在投资中看到的竞争优势。</blockquote></p><p> <b>4. Buy companies in the early stages of rapid growth</b></p><p><blockquote><b>4.买入快速成长初期的公司</b></blockquote></p><p> One way to find these is to identify companies developing products that will transform an entire industry. Ram thinks that is the case with Alnylam PharmaceuticalsALNY.It’s developing novel therapies base on a technique called RNA interference (RNAi). Inside the body, messenger RNA (mRNA) encodes proteins we need, based on signals from RNA. Sometimes mRNA gets the signals crossed, and it encodes flawed proteins. This causes diseases.</p><p><blockquote>找到这些的一种方法是识别开发将改变整个行业的产品的公司。Ram认为Alnylam PharmaceuticalsALNY的情况就是如此。它正在开发基于RNA干扰（RNAi）技术的新疗法。在体内，信使RNA（mRNA）根据来自RNA的信号编码我们需要的蛋白质。有时mRNA会交叉信号，编码有缺陷的蛋白质。这会导致疾病。</blockquote></p><p> Alnylam has developed a way to tweak the RNAi pathway to silence the flawed signaling and block the creation of disease-causing proteins. So far, Alnylam has four approved RNAi-based medicines that treat rare hereditary diseases. The company has a dozen other therapies in clinical studies, including six in late-stage development.</p><p><blockquote>Alnylam开发了一种调整RNAi途径的方法，以沉默有缺陷的信号并阻止致病蛋白质的产生。到目前为止，Alnylam已经有四种获得批准的基于RNAi的药物，用于治疗罕见的遗传性疾病。该公司还有十几种其他疗法处于临床研究中，其中六种处于后期开发阶段。</blockquote></p><p> “This is a completely new area of therapeutics,” says Ram. “It is a platform of products that can treat a variety of conditions.”</p><p><blockquote>“这是一个全新的治疗领域，”拉姆说。“它是一个可以治疗多种疾病的产品平台。”</blockquote></p><p> <b>5. Hold stocks for the long term</b></p><p><blockquote><b>5.长期持有股票</b></blockquote></p><p> All of the names above are large positions in Ram’s fund, which tells me that Ram and her team think they have considerably more upside. If you buy any of them, though, remember you have to do so with a multi-year time horizon. That’s what Ram’s fund does. It has a low annual portfolio turnover of 27%. It’s important to have a long-term view, because it is so tough to call short-term moves in the stock market or in stocks, and you need to give companies time to develop.</p><p><blockquote>上述所有名字都是拉姆基金中的大量头寸，这告诉我拉姆和她的团队认为他们有更大的上涨空间。不过，如果您购买其中任何一款，请记住您必须在多年的时间范围内购买。拉姆的基金就是这么做的。它的年投资组合周转率较低，为27%。有长远的眼光很重要，因为看涨期权股市或股票的短期走势非常困难，你需要给公司发展的时间。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/you-can-beat-stock-market-indexes-this-fund-manager-has-and-this-is-how-she-and-her-team-did-it-11627481445?mod=article_inline\">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":"","relate_stocks":{"SPY":"标普500ETF",".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://www.marketwatch.com/story/you-can-beat-stock-market-indexes-this-fund-manager-has-and-this-is-how-she-and-her-team-did-it-11627481445?mod=article_inline","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1147779023","content_text":"Five key lessons on outperformance from Prabha Ram at the American Century Focused Dynamic Growth Fund.\n\nInvesting is a tough game. That’s why so many mutual funds lag behind their indices.\nSo when you find a fund with a great record, it pays to investigate what the fund managers are doing — to learn some lessons.\nThe American Century Focused Dynamic Growth FundACFSXfits the bill. The $2.8 billion fund beats its Russell 1000 Growth Index by over 6 percentage points annualized over the past three and five years, according toMorningstar. It outperforms its large-growth category by 8.6 percentage points annualized over five years. It has a reasonable 0.65% expense ratio.\nThe fund is co-managed by Prabha Ram, who I recently caught up with. Raised in India, Ram came to the U.S. as a teaching assistant at the University of Maine, where she earned a master’s degree in computer science. She went on to receive an MBA at the Wharton School at the University of Pennsylvania. Ram and three other portfolio managers have led this fund since 2016.\nHere are the five key takeaways, with examples of specific stocks.\n1. Own companies that can “land and expand” in big markets\nEven though we’ve been in the digital age for years, many small companies still do much of their business on paper. Bill.comBILLwants to change that. The company was founded by CEO René Lacerte, who in the late 1990s started the online payroll company PayCycle, which was acquired by Intuit.\nBill.com helps small companies go digital in accounts payable and receivable payments. But that’s just the start. Once inside a company, Bill.com digitizes other areas like cash and expense account management.\nBill.com “lands and expands” at clients, but it also uses their business partners to create a network of leads.\n“Every vendor is a network member, even if it is not a Bill.com customer,” says Ram. This network has about 2.5 million members. Bill.com also gets prospects from its partners, including Bank of AmericaBAC,JPMorgan ChaseJPMand American ExpressAXP.Sales grew 45% in the first quarter.\nFounder-run companies such as this one are worth considering because they often outperform.\n2. Seek out innovators\nRam’s portfolio contains obvious innovators, including TeslaTSLA,Amazon.comAMZNand AlphabetGOOGL,her top three positions. Let’s look beyond technology — to beer.\nBack in the 1980s, Boston Beer founder Jim Koch began taking share from beer giants Anheuser-Busch InBevBUDand HeinekenHEINYby rolling out successful “craft” brews, starting with Samuel Adams. Koch helped invent the craft brew category, essentially taking the country back to pre-Prohibition days when the U.S. had hundreds of regional breweries making more flavorful beers for local tastes.\nBoston Beer stock did very well, but then it stalled during 2015-2017 as beer sales overall went flat. In response, Boston Beer helped put a new category on the map — with its Truly Hard Seltzer brand rolled out in 2106. It remains one of the leading hard seltzers.\n“We were drawn to the company because of its history of innovation,” says Ram, referring to her fund’s early position from the second quarter of 2016. “The stock was doing poorly because the beer market was flattening, but they were coming up with Truly Hard Seltzer. Truly was more successful than we anticipated. It created a new category.”\nThis penchant for innovation at Boston Beer has helped keep Ram’s fund in the name. Other successful Boston Beer brands include Twisted Tea, Angry Orchard and Dogfish Head.\nA key takeaway here is that to find innovative companies, look for the ones led by people who have demonstrated a knack for innovation in the past. Innovative managers tend to keep on innovating. Boston Beer continually tests new seltzers, beers, hard ciders, distilled spirits and other drinks. Shareholders are betting they will come through again.\nThey’ll need the help. Boston Beer shares fell 20% on July 23 because so many competitors entered the hard cider niche. Sales grew 33% but net income fell 1.6% as the company jacked up advertising costs to try to combat the competition. The company slashed estimates for the year on an expected slowdown in sales growth.\nBut don’t count out this innovator yet.\n“We recently announced plans to develop new innovative beverages with Beam Suntory that we are planning to launch in early 2022,” Boston Beer’s Koch said. Beam Suntory sells Jim Beam whiskey and other brands of spirits. “We believe these new beverages will further demonstrate our ability to innovate and grow our business as drinker preferences evolve.”\n3. Look for companies that can create and dominate a niche\nFor years as the gig economy emerged, the big credit card companies didn’t really care that much if the local yoga instructor could accept payments with a credit card. SquareSQrecognized this as an opportunity. So it launched its card payment device business in 2009. Since then, it has grown by taking on larger customers, and expanding into new lines of business in financial services such as cash management, debit cards loans and tax filing. Transaction-based revenue grew 27% in the first quarter, and subscription and services revenue soared 88%.\nThis is a great example of a company that created a business niche. But it’s also a “land and expand” company because it grows by offering customers new services. Both qualities help companies maintain the competitive advantage Ram likes see in investments.\n4. Buy companies in the early stages of rapid growth\nOne way to find these is to identify companies developing products that will transform an entire industry. Ram thinks that is the case with Alnylam PharmaceuticalsALNY.It’s developing novel therapies base on a technique called RNA interference (RNAi). Inside the body, messenger RNA (mRNA) encodes proteins we need, based on signals from RNA. Sometimes mRNA gets the signals crossed, and it encodes flawed proteins. This causes diseases.\nAlnylam has developed a way to tweak the RNAi pathway to silence the flawed signaling and block the creation of disease-causing proteins. So far, Alnylam has four approved RNAi-based medicines that treat rare hereditary diseases. The company has a dozen other therapies in clinical studies, including six in late-stage development.\n“This is a completely new area of therapeutics,” says Ram. “It is a platform of products that can treat a variety of conditions.”\n5. Hold stocks for the long term\nAll of the names above are large positions in Ram’s fund, which tells me that Ram and her team think they have considerably more upside. If you buy any of them, though, remember you have to do so with a multi-year time horizon. That’s what Ram’s fund does. It has a low annual portfolio turnover of 27%. It’s important to have a long-term view, because it is so tough to call short-term moves in the stock market or in stocks, and you need to give companies time to develop.","news_type":1,"symbols_score_info":{"SPY":0.9,".DJI":0.9,".IXIC":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":1685,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":803901166,"gmtCreate":1627399154255,"gmtModify":1631890159477,"author":{"id":"3572418035699527","authorId":"3572418035699527","name":"财神爷爷97","avatar":"https://static.tigerbbs.com/bcb5096bb391a4364a255cfe900aece0","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572418035699527","idStr":"3572418035699527"},"themes":[],"htmlText":"Looking forward","listText":"Looking forward","text":"Looking forward","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/803901166","repostId":"1108884592","repostType":4,"isVote":1,"tweetType":1,"viewCount":537,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":176612330,"gmtCreate":1626879652220,"gmtModify":1631890159482,"author":{"id":"3572418035699527","authorId":"3572418035699527","name":"财神爷爷97","avatar":"https://static.tigerbbs.com/bcb5096bb391a4364a255cfe900aece0","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572418035699527","idStr":"3572418035699527"},"themes":[],"htmlText":"😮&nbsp;","listText":"😮&nbsp;","text":"😮","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/176612330","repostId":"1109551881","repostType":4,"repost":{"id":"1109551881","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1626878219,"share":"https://www.laohu8.com/m/news/1109551881?lang=zh_CN&edition=full","pubTime":"2021-07-21 22:36","market":"us","language":"en","title":"AMC Smokes Shorts Again: What's Next?<blockquote>AMC再次抽短裤：下一步是什么？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1109551881","media":"Benzinga","summary":"AMC Entertainment Holding Inc(NYSE:AMC) shot up 24.47% Tuesday amid returned interest in reopening s","content":"<p><b>AMC Entertainment Holding Inc</b>(NYSE:AMC) shot up 24.47% Tuesday&nbsp;amid returned interest in reopening stocks. The company also announced on Monday evening it hadmade a dealto reopen the Grove Theatre and The Americana at Brand Theatre in the Los Angeles area in August under the AMC Brand. The two theatres were formerly leased by Pacific Theatres and are two of the highest-grossing theatres in Los Angeles.</p><p><blockquote><b>AMC院线控股公司</b>由于人们对重新开放股票的兴趣恢复，(NYSE：AMC)周二上涨24.47%。该公司周一晚间还宣布，已达成协议，将于8月份以AMC品牌重新开放洛杉矶地区的Grove剧院和Americana at Brand剧院。这两家剧院以前由太平洋剧院租赁，是洛杉矶票房最高的两家剧院。</blockquote></p><p> Although presently not the toptrendingstock on r/WallStreetBets, AMC was still the 10th most mentioned stock on Tuesday. The subreddit often targets stocks with unusual characteristics such as bizarre levels of ownership and high short interest. AMC’s underlying statistics have been improving over the last few months, however, and of the company’s 448.74 million share float 75.48 million shares are held short; this is down from 102.3 million in May.</p><p><blockquote>尽管AMC目前不是r/WallStreetBets上的热门股票，但它仍然是周二被提及次数第十多的股票。subreddit通常针对具有不寻常特征的股票，例如奇怪的所有权水平和高空头利息。然而，AMC的基本统计数据在过去几个月中一直在改善，该公司4.4874亿股流通股中，有7548万股被卖空；这比5月份的1.023亿有所下降。</blockquote></p><p> Despite short interest decreasing, AMC is still volatile and able to make big swings.</p><p><blockquote>尽管空头兴趣下降，AMC仍然不稳定，并且能够大幅波动。</blockquote></p><p> <b>The AMC Chart:</b>On Monday, during a big bear day in the general markets, AMC&nbsp;put in a bottom at $31.15 and managed to print a bullish hammer candlestick indicating higher prices would come on Tuesday. AMC then printed a bullish Marubozu candlestick on Tuesday. This Marubozu candle has a very small upper wick, indicating AMC had buyers at every price level it traded at intraday.</p><p><blockquote><b>AMC图表：</b>周一，在大盘大熊市期间，AMC触底31.15美元，并成功打印出看涨锤子烛台，表明周二价格将上涨。AMC随后在周二打印了看涨的Marubozu烛台。这根Marubozu蜡烛的上部灯芯非常小，表明AMC在盘中交易的每个价格水平都有买家。</blockquote></p><p> AMC broke into a downtrend on July 1 and made a series of lower highs and lower lows until Tuesday when the price closed at $43.08, above its lower high of $37.73, which indicates a bullish trend change. Bulls won’t want the stock to drop below $31.15 for the trend to be confirmed.</p><p><blockquote>AMC于7月1日进入下跌趋势，并创下一系列较低的高点和较低的低点，直到周二价格收于43.08美元，高于37.73美元的较低高点，这表明看涨趋势发生了变化。多头不希望该股跌破31.15美元以确认趋势。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/61ba2be17dcfd5bd5f6a00ab4398a5a6\" tg-width=\"651\" tg-height=\"256\" width=\"100%\" height=\"auto\">AMC&nbsp;was able to recapture the eight-day exponential moving average (EMA) as support but rejected, and wicked from, the 21-day EMA. Bulls will want to see AMC regain support of the level in the near term. AMC is trading well above the 200-day simple moving average, indicating overall sentiment in the stock remains bullish.</p><p><blockquote>AMC能够重新获得8日指数移动平均线(EMA)作为支撑，但拒绝并远离21日EMA。多头希望看到AMC在短期内重新获得该水平的支撑。AMC的交易价格远高于200日简单移动平均线，表明该股的整体情绪仍然看涨。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/afbe29a91b623abe465464f45c8889b6\" tg-width=\"1366\" tg-height=\"768\" width=\"100%\" height=\"auto\">Bulls want to see continued bullish volume push AMC over the 21-day EMA and up towards the $47.91 area. If it can regain the level as support, it could trade up toward $52.97.</p><p><blockquote>多头希望看到持续的看涨成交量推动AMC突破21日均线并升至47.91美元区域。如果它能够重新获得该水平作为支撑，它可能会上涨至52.97美元。</blockquote></p><p> Bears want to see AMC’s stock continue to reject the 21-day EMA and for it to drop down and lose support of the eight-day EMA which aligns with a support level at $39.71. If the stock were to lose the level, it could fall toward the $31.81 mark.</p><p><blockquote>空头希望看到AMC的股票继续拒绝21日均线，并下跌并失去8日均线的支撑，该支撑位与39.71美元的支撑位一致。如果该股跌破该水平，可能会跌至31.81美元大关。</blockquote></p><p> <b>AMC Price Action:</b>Shares of AMC Entertainment traded up 4.2% to $44.78 at publication time.</p><p><blockquote><b>AMC价格走势：</b>截至发稿时，AMC院线股价上涨4.2%，至44.78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>AMC Smokes Shorts Again: What's Next?<blockquote>AMC再次抽短裤：下一步是什么？</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAMC Smokes Shorts Again: What's Next?<blockquote>AMC再次抽短裤：下一步是什么？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time smaller\">2021-07-21 22:36</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p><b>AMC Entertainment Holding Inc</b>(NYSE:AMC) shot up 24.47% Tuesday&nbsp;amid returned interest in reopening stocks. The company also announced on Monday evening it hadmade a dealto reopen the Grove Theatre and The Americana at Brand Theatre in the Los Angeles area in August under the AMC Brand. The two theatres were formerly leased by Pacific Theatres and are two of the highest-grossing theatres in Los Angeles.</p><p><blockquote><b>AMC院线控股公司</b>由于人们对重新开放股票的兴趣恢复，(NYSE：AMC)周二上涨24.47%。该公司周一晚间还宣布，已达成协议，将于8月份以AMC品牌重新开放洛杉矶地区的Grove剧院和Americana at Brand剧院。这两家剧院以前由太平洋剧院租赁，是洛杉矶票房最高的两家剧院。</blockquote></p><p> Although presently not the toptrendingstock on r/WallStreetBets, AMC was still the 10th most mentioned stock on Tuesday. The subreddit often targets stocks with unusual characteristics such as bizarre levels of ownership and high short interest. AMC’s underlying statistics have been improving over the last few months, however, and of the company’s 448.74 million share float 75.48 million shares are held short; this is down from 102.3 million in May.</p><p><blockquote>尽管AMC目前不是r/WallStreetBets上的热门股票，但它仍然是周二被提及次数第十多的股票。subreddit通常针对具有不寻常特征的股票，例如奇怪的所有权水平和高空头利息。然而，AMC的基本统计数据在过去几个月中一直在改善，该公司4.4874亿股流通股中，有7548万股被卖空；这比5月份的1.023亿有所下降。</blockquote></p><p> Despite short interest decreasing, AMC is still volatile and able to make big swings.</p><p><blockquote>尽管空头兴趣下降，AMC仍然不稳定，并且能够大幅波动。</blockquote></p><p> <b>The AMC Chart:</b>On Monday, during a big bear day in the general markets, AMC&nbsp;put in a bottom at $31.15 and managed to print a bullish hammer candlestick indicating higher prices would come on Tuesday. AMC then printed a bullish Marubozu candlestick on Tuesday. This Marubozu candle has a very small upper wick, indicating AMC had buyers at every price level it traded at intraday.</p><p><blockquote><b>AMC图表：</b>周一，在大盘大熊市期间，AMC触底31.15美元，并成功打印出看涨锤子烛台，表明周二价格将上涨。AMC随后在周二打印了看涨的Marubozu烛台。这根Marubozu蜡烛的上部灯芯非常小，表明AMC在盘中交易的每个价格水平都有买家。</blockquote></p><p> AMC broke into a downtrend on July 1 and made a series of lower highs and lower lows until Tuesday when the price closed at $43.08, above its lower high of $37.73, which indicates a bullish trend change. Bulls won’t want the stock to drop below $31.15 for the trend to be confirmed.</p><p><blockquote>AMC于7月1日进入下跌趋势，并创下一系列较低的高点和较低的低点，直到周二价格收于43.08美元，高于37.73美元的较低高点，这表明看涨趋势发生了变化。多头不希望该股跌破31.15美元以确认趋势。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/61ba2be17dcfd5bd5f6a00ab4398a5a6\" tg-width=\"651\" tg-height=\"256\" width=\"100%\" height=\"auto\">AMC&nbsp;was able to recapture the eight-day exponential moving average (EMA) as support but rejected, and wicked from, the 21-day EMA. Bulls will want to see AMC regain support of the level in the near term. AMC is trading well above the 200-day simple moving average, indicating overall sentiment in the stock remains bullish.</p><p><blockquote>AMC能够重新获得8日指数移动平均线(EMA)作为支撑，但拒绝并远离21日EMA。多头希望看到AMC在短期内重新获得该水平的支撑。AMC的交易价格远高于200日简单移动平均线，表明该股的整体情绪仍然看涨。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/afbe29a91b623abe465464f45c8889b6\" tg-width=\"1366\" tg-height=\"768\" width=\"100%\" height=\"auto\">Bulls want to see continued bullish volume push AMC over the 21-day EMA and up towards the $47.91 area. If it can regain the level as support, it could trade up toward $52.97.</p><p><blockquote>多头希望看到持续的看涨成交量推动AMC突破21日均线并升至47.91美元区域。如果它能够重新获得该水平作为支撑，它可能会上涨至52.97美元。</blockquote></p><p> Bears want to see AMC’s stock continue to reject the 21-day EMA and for it to drop down and lose support of the eight-day EMA which aligns with a support level at $39.71. If the stock were to lose the level, it could fall toward the $31.81 mark.</p><p><blockquote>空头希望看到AMC的股票继续拒绝21日均线，并下跌并失去8日均线的支撑，该支撑位与39.71美元的支撑位一致。如果该股跌破该水平，可能会跌至31.81美元大关。</blockquote></p><p> <b>AMC Price Action:</b>Shares of AMC Entertainment traded up 4.2% to $44.78 at publication time.</p><p><blockquote><b>AMC价格走势：</b>截至发稿时，AMC院线股价上涨4.2%，至44.78美元。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMC":"AMC院线"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1109551881","content_text":"AMC Entertainment Holding Inc(NYSE:AMC) shot up 24.47% Tuesday amid returned interest in reopening stocks. The company also announced on Monday evening it hadmade a dealto reopen the Grove Theatre and The Americana at Brand Theatre in the Los Angeles area in August under the AMC Brand. The two theatres were formerly leased by Pacific Theatres and are two of the highest-grossing theatres in Los Angeles.\nAlthough presently not the toptrendingstock on r/WallStreetBets, AMC was still the 10th most mentioned stock on Tuesday. The subreddit often targets stocks with unusual characteristics such as bizarre levels of ownership and high short interest. AMC’s underlying statistics have been improving over the last few months, however, and of the company’s 448.74 million share float 75.48 million shares are held short; this is down from 102.3 million in May.\nDespite short interest decreasing, AMC is still volatile and able to make big swings.\nThe AMC Chart:On Monday, during a big bear day in the general markets, AMC put in a bottom at $31.15 and managed to print a bullish hammer candlestick indicating higher prices would come on Tuesday. AMC then printed a bullish Marubozu candlestick on Tuesday. This Marubozu candle has a very small upper wick, indicating AMC had buyers at every price level it traded at intraday.\nAMC broke into a downtrend on July 1 and made a series of lower highs and lower lows until Tuesday when the price closed at $43.08, above its lower high of $37.73, which indicates a bullish trend change. Bulls won’t want the stock to drop below $31.15 for the trend to be confirmed.\nAMC was able to recapture the eight-day exponential moving average (EMA) as support but rejected, and wicked from, the 21-day EMA. Bulls will want to see AMC regain support of the level in the near term. AMC is trading well above the 200-day simple moving average, indicating overall sentiment in the stock remains bullish.\nBulls want to see continued bullish volume push AMC over the 21-day EMA and up towards the $47.91 area. If it can regain the level as support, it could trade up toward $52.97.\nBears want to see AMC’s stock continue to reject the 21-day EMA and for it to drop down and lose support of the eight-day EMA which aligns with a support level at $39.71. If the stock were to lose the level, it could fall toward the $31.81 mark.\nAMC Price Action:Shares of AMC Entertainment traded up 4.2% to $44.78 at publication time.","news_type":1,"symbols_score_info":{"AMC":0.9}},"isVote":1,"tweetType":1,"viewCount":695,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":141105615,"gmtCreate":1625840916537,"gmtModify":1631893214773,"author":{"id":"3572418035699527","authorId":"3572418035699527","name":"财神爷爷97","avatar":"https://static.tigerbbs.com/bcb5096bb391a4364a255cfe900aece0","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572418035699527","idStr":"3572418035699527"},"themes":[],"htmlText":"Noicee","listText":"Noicee","text":"Noicee","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/141105615","repostId":"1187480487","repostType":4,"repost":{"id":"1187480487","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":1625838849,"share":"https://www.laohu8.com/m/news/1187480487?lang=zh_CN&edition=full","pubTime":"2021-07-09 21:54","market":"us","language":"en","title":"Disney shares rises nearly 2%,as Shanghai Disneyland raising prices up to 10%.<blockquote>迪士尼股价上涨近2%，上海迪士尼乐园提价高达10%。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1187480487","media":"Tiger Newspress","summary":"Disney shares rises nearly 2%,as Shanghai Disneyland raising prices up to 10%.\n\n\nShanghai Disneyland","content":"<p>Disney&nbsp;shares&nbsp;rises&nbsp;nearly&nbsp;2%,as&nbsp;Shanghai Disneyland raising prices up to 10%.</p><p><blockquote>迪士尼股价上涨近2%，上海迪士尼乐园提价高达10%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/c8b245ccacada732569aab91c7bad577\" tg-width=\"803\" tg-height=\"601\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <ul>  <li>Shanghai Disneyland (DIS+0.7%) willraise its ticket prices starting in January.</li>  <li>The resort indicated it would boost prices on Jan. 9, setting new rates for four tiers: Regular, Regular Plus, Peak (most days in summer season and other peak visitation days), and Peak Plus.</li>  <li>The Regular price at that time will be 435 yuan (about $67.13). Regular Plus will be 545 yuan (about $84.11). Meanwhile, Peak price is set at 659 yuan ($101.70) and Peak Plus at 769 yuan ($118.67).</li>  <li>That results in increases of 9-10% across the board.</li>  <b>Disney</b>&nbsp;is gearing up for a big weekend at the box office as the long-delayed \"Black Widow\" is set for its theatrical release worldwide on July 9. Disney stock rose.</p><p><blockquote><ul><li>上海迪士尼乐园(DIS+0.7%)将从一月份开始提高门票价格。</li><li>该度假村表示将于1月9日提高价格，为四个等级设定新的价格：常规、常规加、高峰（夏季的大多数日子和其他高峰访问日）和高峰加。</li><li>届时的正常价格将为435元人民币（约合67.13美元）。普通Plus售价为545元（约合84.11美元）。与此同时，Peak价格定为659元（101.70美元），Peak Plus为769元（118.67美元）。</li><li>这导致全面增长9-10%。</li><b>迪斯尼</b>期待已久的《黑寡妇》将于7月9日在全球影院上映，正在为一个票房大周末做准备。迪士尼股价上涨。</ul></blockquote></p><p>  Worldwide estimates for \"Black Widow\" are as high as $140 million, according to Deadline. That doesn't include China, Marvel's biggest market, as it doesn't yet have a release date there.</p><p><blockquote>据Deadline报道，《黑寡妇》的全球票房高达1.4亿美元。这还不包括漫威最大的市场中国，因为它还没有在那里的发布日期。</blockquote></p><p> </ul></p><p><blockquote></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Disney shares rises nearly 2%,as Shanghai Disneyland raising prices up to 10%.<blockquote>迪士尼股价上涨近2%，上海迪士尼乐园提价高达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; 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\">\nDisney shares rises nearly 2%,as Shanghai Disneyland raising prices up to 10%.<blockquote>迪士尼股价上涨近2%，上海迪士尼乐园提价高达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\">2021-07-09 21:54</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Disney&nbsp;shares&nbsp;rises&nbsp;nearly&nbsp;2%,as&nbsp;Shanghai Disneyland raising prices up to 10%.</p><p><blockquote>迪士尼股价上涨近2%，上海迪士尼乐园提价高达10%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/c8b245ccacada732569aab91c7bad577\" tg-width=\"803\" tg-height=\"601\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <ul>  <li>Shanghai Disneyland (DIS+0.7%) willraise its ticket prices starting in January.</li>  <li>The resort indicated it would boost prices on Jan. 9, setting new rates for four tiers: Regular, Regular Plus, Peak (most days in summer season and other peak visitation days), and Peak Plus.</li>  <li>The Regular price at that time will be 435 yuan (about $67.13). Regular Plus will be 545 yuan (about $84.11). Meanwhile, Peak price is set at 659 yuan ($101.70) and Peak Plus at 769 yuan ($118.67).</li>  <li>That results in increases of 9-10% across the board.</li>  <b>Disney</b>&nbsp;is gearing up for a big weekend at the box office as the long-delayed \"Black Widow\" is set for its theatrical release worldwide on July 9. Disney stock rose.</p><p><blockquote><ul><li>上海迪士尼乐园(DIS+0.7%)将从一月份开始提高门票价格。</li><li>该度假村表示将于1月9日提高价格，为四个等级设定新的价格：常规、常规加、高峰（夏季的大多数日子和其他高峰访问日）和高峰加。</li><li>届时的正常价格将为435元人民币（约合67.13美元）。普通Plus售价为545元（约合84.11美元）。与此同时，Peak价格定为659元（101.70美元），Peak Plus为769元（118.67美元）。</li><li>这导致全面增长9-10%。</li><b>迪斯尼</b>期待已久的《黑寡妇》将于7月9日在全球影院上映，正在为一个票房大周末做准备。迪士尼股价上涨。</ul></blockquote></p><p>  Worldwide estimates for \"Black Widow\" are as high as $140 million, according to Deadline. That doesn't include China, Marvel's biggest market, as it doesn't yet have a release date there.</p><p><blockquote>据Deadline报道，《黑寡妇》的全球票房高达1.4亿美元。这还不包括漫威最大的市场中国，因为它还没有在那里的发布日期。</blockquote></p><p> </ul></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DIS":"迪士尼"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1187480487","content_text":"Disney shares rises nearly 2%,as Shanghai Disneyland raising prices up to 10%.\n\n\nShanghai Disneyland (DIS+0.7%) willraise its ticket prices starting in January.\nThe resort indicated it would boost prices on Jan. 9, setting new rates for four tiers: Regular, Regular Plus, Peak (most days in summer season and other peak visitation days), and Peak Plus.\nThe Regular price at that time will be 435 yuan (about $67.13). Regular Plus will be 545 yuan (about $84.11). Meanwhile, Peak price is set at 659 yuan ($101.70) and Peak Plus at 769 yuan ($118.67).\nThat results in increases of 9-10% across the board.\nDisney is gearing up for a big weekend at the box office as the long-delayed \"Black Widow\" is set for its theatrical release worldwide on July 9. Disney stock rose.\nWorldwide estimates for \"Black Widow\" are as high as $140 million, according to Deadline. That doesn't include China, Marvel's biggest market, as it doesn't yet have a release date there.","news_type":1,"symbols_score_info":{"DIS":0.9}},"isVote":1,"tweetType":1,"viewCount":732,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":140622574,"gmtCreate":1625655772698,"gmtModify":1631893214778,"author":{"id":"3572418035699527","authorId":"3572418035699527","name":"财神爷爷97","avatar":"https://static.tigerbbs.com/bcb5096bb391a4364a255cfe900aece0","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572418035699527","idStr":"3572418035699527"},"themes":[],"htmlText":"Good buy","listText":"Good buy","text":"Good buy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/140622574","repostId":"1136670037","repostType":4,"isVote":1,"tweetType":1,"viewCount":774,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":157618493,"gmtCreate":1625580128112,"gmtModify":1631883984438,"author":{"id":"3572418035699527","authorId":"3572418035699527","name":"财神爷爷97","avatar":"https://static.tigerbbs.com/bcb5096bb391a4364a255cfe900aece0","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572418035699527","idStr":"3572418035699527"},"themes":[],"htmlText":"One of the main downside of Chinese stocks","listText":"One of the main downside of Chinese stocks","text":"One of the main downside of Chinese stocks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/157618493","repostId":"1191131157","repostType":4,"isVote":1,"tweetType":1,"viewCount":863,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":155519451,"gmtCreate":1625444424373,"gmtModify":1631893214783,"author":{"id":"3572418035699527","authorId":"3572418035699527","name":"财神爷爷97","avatar":"https://static.tigerbbs.com/bcb5096bb391a4364a255cfe900aece0","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572418035699527","idStr":"3572418035699527"},"themes":[],"htmlText":"Anticipating it","listText":"Anticipating it","text":"Anticipating it","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/155519451","repostId":"1138258779","repostType":4,"isVote":1,"tweetType":1,"viewCount":453,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":155669896,"gmtCreate":1625412870815,"gmtModify":1631893214787,"author":{"id":"3572418035699527","authorId":"3572418035699527","name":"财神爷爷97","avatar":"https://static.tigerbbs.com/bcb5096bb391a4364a255cfe900aece0","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572418035699527","idStr":"3572418035699527"},"themes":[],"htmlText":"Interesting","listText":"Interesting","text":"Interesting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/155669896","repostId":"1124717185","repostType":4,"repost":{"id":"1124717185","kind":"news","pubTimestamp":1625371001,"share":"https://www.laohu8.com/m/news/1124717185?lang=zh_CN&edition=full","pubTime":"2021-07-04 11:56","market":"us","language":"en","title":"Here's How The Laws Of Supply And Demand Lead To Major Moves For Growth Stocks<blockquote>以下是供求规律如何导致成长型股票的重大走势</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1124717185","media":"investors","summary":"The laws of supply and demand seem simple on their face, but understanding the subtle nuances is key","content":"<p>The laws of supply and demand seem simple on their face, but understanding the subtle nuances is key for stock investors who want to take advantage of major price moves.</p><p><blockquote>供求规律表面上看起来很简单，但对于想要利用重大价格波动的股票投资者来说，理解其中的细微差别是关键。</blockquote></p><p> Supply and demand is one of the bedrock principles of business and economics. A simple recent example is how the price of lumber skyrocketed amid Covid-related shortages.</p><p><blockquote>供求是商业和经济学的基本原则之一。最近的一个简单例子是，在与Covid相关的短缺中，木材价格如何飙升。</blockquote></p><p> In the stock market, the companies seen as the best positioned by big money will see their share price driven higher as demand ramps up. When this happens, supply will also be constricted, as holders will be more reluctant to sell their shares. Thus, supply and demand is the S in IBD'sCAN SLIM investing method, and the subject of the fourth in an Investor's Corner series.</p><p><blockquote>在股市上，随着需求的增加，被大资金视为最佳定位的公司的股价将被推高。当这种情况发生时，供应也将受到限制，因为持有者将更不愿意出售他们的股票。因此，供给和需求是IBD的Can Slim投资方法中的S，也是投资者角系列第四篇的主题。</blockquote></p><p> Legendary IBD founder William O'Neil, writing in his classic tome, \"How to Make Money in Stocks,\" said supply and demand is \"more important than the opinions of all the analysts on Wall Street, no matter what schools they attended, what degrees they earned, or how high their IQs.\"</p><p><blockquote>IBD传奇创始人威廉·奥尼尔(William O'Neil)在他的经典著作《如何在股票中赚钱》中写道，供求关系“比华尔街所有分析师的意见更重要，无论他们上过什么学校，他们获得了什么学位，或者他们的智商有多高。”</blockquote></p><p> Float Size Matters</p><p><blockquote>浮子大小很重要</blockquote></p><p> A key point to bear in mind is whether the stock you are eying has a large or a small float: the number of shares available for trading. Getting locked into a stock with a small supply of shares means you can be taken on wild rides, both on the upside and the downside.</p><p><blockquote>要记住的关键点是您关注的股票的流通量是大还是小：可供交易的股票数量。锁定一只股票供应量较少的股票意味着您可能会陷入疯狂，无论是上涨还是下跌。</blockquote></p><p> On the other hand, investing in a big-cap name with a massive amount of shares outstanding means it is much more difficult for that stock to make big moves. On the plus side, this can also be less stressful on one's stomach.</p><p><blockquote>另一方面，投资拥有大量流通股的大盘股意味着该股票更难做出大动作。从好的方面来说，这也可以减轻胃部的压力。</blockquote></p><p> The ideal is to find a happy medium — a stock that boasts strong earnings growth, and one that is still expanding by offering new products and services. Also look for one that is attracting the attention of institutional investors. Nevertheless, stocks of companies with any size of capitalization can be bought byCAN SLIM investors.</p><p><blockquote>理想的情况是找到一个快乐的媒介——一只拥有强劲盈利增长的股票，并且仍在通过提供新产品和服务进行扩张的股票。还要寻找一个吸引机构投资者注意的。尽管如此，任何资本规模的公司的股票都可以被瘦弱的投资者购买。</blockquote></p><p> Other encouraging signs to look for are companies that are buying back their stock, which reduces the supply of shares in the market.</p><p><blockquote>其他值得关注的令人鼓舞的迹象是公司正在回购股票，这减少了市场上的股票供应。</blockquote></p><p> How do you measure demand?</p><p><blockquote>你如何衡量需求？</blockquote></p><p> As is often the case when researching a stock, charts are key. Look at the average daily trading volume. Days where the number of shares traded is much higher, or lower, than normal are a key indicator.</p><p><blockquote>正如研究股票时经常出现的情况一样，图表是关键。看日均交易量。股票交易数量远高于或低于正常水平的天数是一个关键指标。</blockquote></p><p> When a share price spikes in big trading volume, this is a clear sign of institutional demand. It is a key indicator that mutual fund managers and other big money buyers, who account for most trading in the stock market, are snapping up a stock. This sort of accumulation is the main driver for big price moves.</p><p><blockquote>当股价在交易量大的情况下飙升时，这是机构需求的明显迹象。这是一个关键指标，表明占股市大部分交易的共同基金经理和其他大额买家正在抢购股票。这种积累是价格大幅波动的主要驱动力。</blockquote></p><p> Piggybacking on such action is a proven way for the intelligent investor to succeed. But make sure to carefully study price charts to find stocks that arebreaking out of proper basesor rebounding from key chart levels. When a stock tops abuy point, ideally volume will be at least 40% above average.</p><p><blockquote>对于聪明的投资者来说，利用这种行动是一种行之有效的成功方式。但请务必仔细研究价格图表，以找到突破适当基础或从关键图表水平反弹的股票。当股票达到买入点时，理想情况下成交量将比平均水平高出至少40%。</blockquote></p><p> The IBD Stock Checkup is another key tool. Under the supply and demand section, you'll find pass or fail ratings for all key related criteria.</p><p><blockquote>IBD股票检查是另一个关键工具。在供应和需求部分，您可以找到所有关键相关标准的通过或失败评级。</blockquote></p><p> That includes information on a stock's market capitalization and itsAccumulation/Distribution Rating, which gauges institutional buying and selling over the previous 13 weeks. Also, the percentage change in funds owning a stock and the number of quarters of increasing fund ownership. Look for stocks flashing green lights in all of these areas.</p><p><blockquote>这包括有关股票市值及其累积/分配评级的信息，该评级衡量过去13周的机构买卖情况。此外，拥有股票的基金的百分比变化以及基金所有权增加的季度数。寻找在所有这些领域亮起绿灯的股票。</blockquote></p><p></p>","source":"lsy1610449120050","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Here's How The Laws Of Supply And Demand Lead To Major Moves For Growth Stocks<blockquote>以下是供求规律如何导致成长型股票的重大走势</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\">\nHere's How The Laws Of Supply And Demand Lead To Major Moves For Growth Stocks<blockquote>以下是供求规律如何导致成长型股票的重大走势</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">investors</strong><span class=\"h-time small\">2021-07-04 11:56</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The laws of supply and demand seem simple on their face, but understanding the subtle nuances is key for stock investors who want to take advantage of major price moves.</p><p><blockquote>供求规律表面上看起来很简单，但对于想要利用重大价格波动的股票投资者来说，理解其中的细微差别是关键。</blockquote></p><p> Supply and demand is one of the bedrock principles of business and economics. A simple recent example is how the price of lumber skyrocketed amid Covid-related shortages.</p><p><blockquote>供求是商业和经济学的基本原则之一。最近的一个简单例子是，在与Covid相关的短缺中，木材价格如何飙升。</blockquote></p><p> In the stock market, the companies seen as the best positioned by big money will see their share price driven higher as demand ramps up. When this happens, supply will also be constricted, as holders will be more reluctant to sell their shares. Thus, supply and demand is the S in IBD'sCAN SLIM investing method, and the subject of the fourth in an Investor's Corner series.</p><p><blockquote>在股市上，随着需求的增加，被大资金视为最佳定位的公司的股价将被推高。当这种情况发生时，供应也将受到限制，因为持有者将更不愿意出售他们的股票。因此，供给和需求是IBD的Can Slim投资方法中的S，也是投资者角系列第四篇的主题。</blockquote></p><p> Legendary IBD founder William O'Neil, writing in his classic tome, \"How to Make Money in Stocks,\" said supply and demand is \"more important than the opinions of all the analysts on Wall Street, no matter what schools they attended, what degrees they earned, or how high their IQs.\"</p><p><blockquote>IBD传奇创始人威廉·奥尼尔(William O'Neil)在他的经典著作《如何在股票中赚钱》中写道，供求关系“比华尔街所有分析师的意见更重要，无论他们上过什么学校，他们获得了什么学位，或者他们的智商有多高。”</blockquote></p><p> Float Size Matters</p><p><blockquote>浮子大小很重要</blockquote></p><p> A key point to bear in mind is whether the stock you are eying has a large or a small float: the number of shares available for trading. Getting locked into a stock with a small supply of shares means you can be taken on wild rides, both on the upside and the downside.</p><p><blockquote>要记住的关键点是您关注的股票的流通量是大还是小：可供交易的股票数量。锁定一只股票供应量较少的股票意味着您可能会陷入疯狂，无论是上涨还是下跌。</blockquote></p><p> On the other hand, investing in a big-cap name with a massive amount of shares outstanding means it is much more difficult for that stock to make big moves. On the plus side, this can also be less stressful on one's stomach.</p><p><blockquote>另一方面，投资拥有大量流通股的大盘股意味着该股票更难做出大动作。从好的方面来说，这也可以减轻胃部的压力。</blockquote></p><p> The ideal is to find a happy medium — a stock that boasts strong earnings growth, and one that is still expanding by offering new products and services. Also look for one that is attracting the attention of institutional investors. Nevertheless, stocks of companies with any size of capitalization can be bought byCAN SLIM investors.</p><p><blockquote>理想的情况是找到一个快乐的媒介——一只拥有强劲盈利增长的股票，并且仍在通过提供新产品和服务进行扩张的股票。还要寻找一个吸引机构投资者注意的。尽管如此，任何资本规模的公司的股票都可以被瘦弱的投资者购买。</blockquote></p><p> Other encouraging signs to look for are companies that are buying back their stock, which reduces the supply of shares in the market.</p><p><blockquote>其他值得关注的令人鼓舞的迹象是公司正在回购股票，这减少了市场上的股票供应。</blockquote></p><p> How do you measure demand?</p><p><blockquote>你如何衡量需求？</blockquote></p><p> As is often the case when researching a stock, charts are key. Look at the average daily trading volume. Days where the number of shares traded is much higher, or lower, than normal are a key indicator.</p><p><blockquote>正如研究股票时经常出现的情况一样，图表是关键。看日均交易量。股票交易数量远高于或低于正常水平的天数是一个关键指标。</blockquote></p><p> When a share price spikes in big trading volume, this is a clear sign of institutional demand. It is a key indicator that mutual fund managers and other big money buyers, who account for most trading in the stock market, are snapping up a stock. This sort of accumulation is the main driver for big price moves.</p><p><blockquote>当股价在交易量大的情况下飙升时，这是机构需求的明显迹象。这是一个关键指标，表明占股市大部分交易的共同基金经理和其他大额买家正在抢购股票。这种积累是价格大幅波动的主要驱动力。</blockquote></p><p> Piggybacking on such action is a proven way for the intelligent investor to succeed. But make sure to carefully study price charts to find stocks that arebreaking out of proper basesor rebounding from key chart levels. When a stock tops abuy point, ideally volume will be at least 40% above average.</p><p><blockquote>对于聪明的投资者来说，利用这种行动是一种行之有效的成功方式。但请务必仔细研究价格图表，以找到突破适当基础或从关键图表水平反弹的股票。当股票达到买入点时，理想情况下成交量将比平均水平高出至少40%。</blockquote></p><p> The IBD Stock Checkup is another key tool. Under the supply and demand section, you'll find pass or fail ratings for all key related criteria.</p><p><blockquote>IBD股票检查是另一个关键工具。在供应和需求部分，您可以找到所有关键相关标准的通过或失败评级。</blockquote></p><p> That includes information on a stock's market capitalization and itsAccumulation/Distribution Rating, which gauges institutional buying and selling over the previous 13 weeks. Also, the percentage change in funds owning a stock and the number of quarters of increasing fund ownership. Look for stocks flashing green lights in all of these areas.</p><p><blockquote>这包括有关股票市值及其累积/分配评级的信息，该评级衡量过去13周的机构买卖情况。此外，拥有股票的基金的百分比变化以及基金所有权增加的季度数。寻找在所有这些领域亮起绿灯的股票。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.investors.com/how-to-invest/investors-corner/heres-how-the-laws-of-supply-and-demand-lead-to-major-moves-for-growth-stocks/?src=A00220\">investors</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.investors.com/how-to-invest/investors-corner/heres-how-the-laws-of-supply-and-demand-lead-to-major-moves-for-growth-stocks/?src=A00220","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1124717185","content_text":"The laws of supply and demand seem simple on their face, but understanding the subtle nuances is key for stock investors who want to take advantage of major price moves.\nSupply and demand is one of the bedrock principles of business and economics. A simple recent example is how the price of lumber skyrocketed amid Covid-related shortages.\nIn the stock market, the companies seen as the best positioned by big money will see their share price driven higher as demand ramps up. When this happens, supply will also be constricted, as holders will be more reluctant to sell their shares. Thus, supply and demand is the S in IBD'sCAN SLIM investing method, and the subject of the fourth in an Investor's Corner series.\nLegendary IBD founder William O'Neil, writing in his classic tome, \"How to Make Money in Stocks,\" said supply and demand is \"more important than the opinions of all the analysts on Wall Street, no matter what schools they attended, what degrees they earned, or how high their IQs.\"\nFloat Size Matters\nA key point to bear in mind is whether the stock you are eying has a large or a small float: the number of shares available for trading. Getting locked into a stock with a small supply of shares means you can be taken on wild rides, both on the upside and the downside.\nOn the other hand, investing in a big-cap name with a massive amount of shares outstanding means it is much more difficult for that stock to make big moves. On the plus side, this can also be less stressful on one's stomach.\nThe ideal is to find a happy medium — a stock that boasts strong earnings growth, and one that is still expanding by offering new products and services. Also look for one that is attracting the attention of institutional investors. Nevertheless, stocks of companies with any size of capitalization can be bought byCAN SLIM investors.\nOther encouraging signs to look for are companies that are buying back their stock, which reduces the supply of shares in the market.\nHow do you measure demand?\nAs is often the case when researching a stock, charts are key. Look at the average daily trading volume. Days where the number of shares traded is much higher, or lower, than normal are a key indicator.\nWhen a share price spikes in big trading volume, this is a clear sign of institutional demand. It is a key indicator that mutual fund managers and other big money buyers, who account for most trading in the stock market, are snapping up a stock. This sort of accumulation is the main driver for big price moves.\nPiggybacking on such action is a proven way for the intelligent investor to succeed. But make sure to carefully study price charts to find stocks that arebreaking out of proper basesor rebounding from key chart levels. When a stock tops abuy point, ideally volume will be at least 40% above average.\nThe IBD Stock Checkup is another key tool. Under the supply and demand section, you'll find pass or fail ratings for all key related criteria.\nThat includes information on a stock's market capitalization and itsAccumulation/Distribution Rating, which gauges institutional buying and selling over the previous 13 weeks. Also, the percentage change in funds owning a stock and the number of quarters of increasing fund ownership. Look for stocks flashing green lights in all of these areas.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":534,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":152585783,"gmtCreate":1625313386542,"gmtModify":1631893214785,"author":{"id":"3572418035699527","authorId":"3572418035699527","name":"财神爷爷97","avatar":"https://static.tigerbbs.com/bcb5096bb391a4364a255cfe900aece0","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572418035699527","idStr":"3572418035699527"},"themes":[],"htmlText":"//<a href=\"https://laohu8.com/U/3556106904986319\">@Joshuatan</a>:Hold your stocks if you believe in the company in the long terms","listText":"//<a href=\"https://laohu8.com/U/3556106904986319\">@Joshuatan</a>:Hold your stocks if you believe in the company in the long terms","text":"//@Joshuatan:Hold your stocks if you believe in the company in the long terms","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/152585783","repostId":"2134551566","repostType":4,"isVote":1,"tweetType":1,"viewCount":728,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":156541413,"gmtCreate":1625232582232,"gmtModify":1631893214788,"author":{"id":"3572418035699527","authorId":"3572418035699527","name":"财神爷爷97","avatar":"https://static.tigerbbs.com/bcb5096bb391a4364a255cfe900aece0","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572418035699527","idStr":"3572418035699527"},"themes":[],"htmlText":"🤔&nbsp;","listText":"🤔&nbsp;","text":"🤔","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/156541413","repostId":"2148870449","repostType":4,"isVote":1,"tweetType":1,"viewCount":599,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":158281361,"gmtCreate":1625151230053,"gmtModify":1631893214795,"author":{"id":"3572418035699527","authorId":"3572418035699527","name":"财神爷爷97","avatar":"https://static.tigerbbs.com/bcb5096bb391a4364a255cfe900aece0","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572418035699527","idStr":"3572418035699527"},"themes":[],"htmlText":"NIO gank","listText":"NIO gank","text":"NIO gank","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/158281361","repostId":"1131141642","repostType":4,"repost":{"id":"1131141642","kind":"news","pubTimestamp":1625150313,"share":"https://www.laohu8.com/m/news/1131141642?lang=zh_CN&edition=full","pubTime":"2021-07-01 22:38","market":"sh","language":"en","title":"NIO Vs BYD Auto: Which EV Stock Is A Good Buy?<blockquote>蔚来Vs比亚迪汽车：哪只电动汽车股票值得买入？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1131141642","media":"seekingalpha","summary":"China is a leading EV market, and it looks like Chinese players will have it easier in their home market compared to foreign companies.Both NIO and BYD have attractive offerings on the market and employ strategies that differentiate them from competitors.NIO is the higher-growth pick, while BYD is the better value play. Both could be attractive picks for the long run.That is about half as much as the gains experienced by NIO, but slightly more than the gains experienced by Tesla. Overall, a 300%","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>China is a leading EV market, and it looks like Chinese players will have it easier in their home market compared to foreign companies.</li>  <li>Both NIO and BYD have attractive offerings on the market and employ strategies that differentiate them from competitors.</li>  <li>NIO is the higher-growth pick, while BYD is the better value play. Both could be attractive picks for the long run.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/85f5123d1a2c682db80316343dba1e5b\" tg-width=\"1536\" tg-height=\"1025\" referrerpolicy=\"no-referrer\"><span>baona/iStock via Getty Images</span></p><p><blockquote><ul><li>中国是领先的电动汽车市场，与外国公司相比，中国企业在国内市场的日子似乎会更轻松。</li><li>蔚来和比亚迪在市场上都有有吸引力的产品，并采用了使其与竞争对手区分开来的策略。</li><li>蔚来是增长较高的选择，而比亚迪是价值较高的选择。从长远来看，两者都可能是有吸引力的选择。</li></ul><p class=\"t-img-caption\"><span>baona/iStock来自Getty Images</span></p></blockquote></p><p> <b>Article Thesis</b></p><p><blockquote><b>文章论文</b></blockquote></p><p> EV stocks have been strong performers in 2020 on the back of strong market growth and helpful government policies. China has turned into one of the most important markets for electric vehicles, and since the Chinese government is oftentimes accommodating to Chinese companies, it makes sense to look among Chinese EV players for exposure to this high-growth market. Both BYD Company(OTCPK:BYDDY)(OTCPK:BYDDF)and NIO Inc.(NYSE:NIO)fit that description, and they both generate compelling growth and are on a strong trajectory. They differ, however, when it comes to the strategies they utilize in order to fuel growth, and there are differences in the respective valuation as well. Depending on your investment approach, you may either favor BYD or NIO.</p><p><blockquote>在强劲的市场增长和有益的政府政策的支持下，电动汽车股票在2020年表现强劲。中国已成为电动汽车最重要的市场之一，由于中国政府经常迁就中国公司，因此在中国电动汽车企业中寻找进入这个高增长市场的机会是有意义的。比亚迪公司（OTCPK：BYDDY）（OTCPK：BYDDF）和蔚来（纽约证券交易所股票代码：蔚来）都符合这一描述，它们都产生了引人注目的增长，并且正走在强劲的轨道上。然而，当谈到他们用来推动增长的策略时，他们是不同的，而且各自的估值也存在差异。根据您的投资方式，您可能会青睐比亚迪或蔚来。</blockquote></p><p> <b>NIO Stock Price</b></p><p><blockquote><b>蔚来股价</b></blockquote></p><p> NIO saw its shares rally massively over the last year, as they delivered gains of 600% in just twelve months:</p><p><blockquote>蔚来的股价在去年大幅上涨，短短12个月内就上涨了600%：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f8bdb6f898b23023b1240e557370891c\" tg-width=\"635\" tg-height=\"417\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> This was easily more than what the broad market generated, and also outperformed peers such as Tesla(NASDAQ:TSLA), which gained about 240% over the same time frame. It should, however, be noted that NIO experienced a steep selloff in spring 2021, as its shares declined by close to 50% between January and May, before starting to climb again in recent weeks. When we take a look at current analyst price targets, NIO has an upside of around 20%, as analysts have a target price of $60, versus a current share price of $50.</p><p><blockquote>这轻松超过了大盘的表现，也跑赢了特斯拉（纳斯达克：TSLA）等同行，后者同期上涨了约240%。然而，应该指出的是，蔚来在2021年春季经历了大幅抛售，其股价在1月至5月期间下跌了近50%，然后在最近几周再次开始攀升。当我们看一下当前分析师的目标价时，蔚来的上涨空间约为20%，因为分析师的目标价为60美元，而当前股价为50美元。</blockquote></p><p> When looking at NIO's valuation, we can't really use an earnings multiple here, as NIO is not yet profitable. It is pretty clear, however, that NIO, with a market capitalization of $81 billion, is priced for a lot of future growth -- which holds true for other EV pureplays as well. For reference, that is a higher market capitalization than that of many legacy auto companies, including Ford(NYSE:F)and BMW(OTCPK:BMWYY), which indicates that NIO may be aggressively valued right here, considering that it sells way fewer cars than these two companies.</p><p><blockquote>在考虑蔚来的估值时，我们不能在这里真正使用市盈率，因为蔚来尚未盈利。然而，很明显，市值为810亿美元的蔚来有望实现未来的大幅增长——这也适用于其他纯电动汽车公司。作为参考，这比包括福特(NYSE：F)和宝马(OTCPK：BMWYY)在内的许多传统汽车公司的市值都要高，这表明蔚来的估值可能很高，因为它的销量要少得多。汽车比这两家公司。</blockquote></p><p> <b>BYDDY Stock Price</b></p><p><blockquote><b>比亚迪股价</b></blockquote></p><p> BYD Company has, like other EV players, benefitted a lot from growing EV enthusiasm over the last year, as its shares rose by 300% in twelve months:</p><p><blockquote>与其他电动汽车企业一样，比亚迪公司去年从电动汽车热情的高涨中受益匪浅，其股价在12个月内上涨了300%：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2d77e1b86412ba77229dd4779269265a\" tg-width=\"635\" tg-height=\"417\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> That is about half as much as the gains experienced by NIO, but slightly more than the gains experienced by Tesla. Overall, a 300% gain in one year is, of course, outstanding -- and investors should not expect this to repeat in future years. Like NIO, BYD has experienced a steep selloff in spring, but BYD has also recovered most of that in recent weeks. Unlike NIO, BYD is profitable already, although only marginally. Shares are trading for around 130x trailing earnings today, which isn't a low valuation at all, but which compares favorably to the valuations some other EV stocks are trading at, such as Tesla, which trades for more than 600x trailing net profits.</p><p><blockquote>这大约是蔚来收益的一半，但略高于特斯拉的收益。总体而言，一年内300%的涨幅当然是出色的——投资者不应期望这种情况在未来几年会重演。与蔚来一样，比亚迪在春季也经历了大幅抛售，但比亚迪在最近几周也恢复了大部分抛售。与蔚来不同，比亚迪已经实现盈利，尽管只是小幅盈利。目前，该股的交易价格约为往绩市盈率的130倍，这一点也不低，但与其他一些电动汽车股票的交易估值相比，这是有利的，例如特斯拉，其往绩净利润的600倍以上。</blockquote></p><p> <b>NIO Vs BYD Auto: Which Is The Better EV Stock?</b></p><p><blockquote><b>蔚来与比亚迪汽车：电动汽车股票哪个更好？</b></blockquote></p><p> The EV segment of the global automobile industry experiences rapid growth, and that naturally makes EV stocks attractive as growth investments. It should, however, be noted that valuations should always be considered when investing, and depending on the price one pays for a growth investment, it may take quite some time to see gains. Investors that chased high-growth tech stocks during the dot.com bubble, for example, had to wait years for their investments to pay off if they bought at the highs. All the growth in the EV space may thus be for naught if investors chase stocks and pay a price that is too high.</p><p><blockquote>全球汽车行业的电动汽车领域正在经历快速增长，这自然使得电动汽车股票作为成长型投资具有吸引力。然而，应该指出的是，投资时应始终考虑估值，根据一个人为成长型投资支付的价格，可能需要相当长的时间才能看到收益。例如，在互联网泡沫期间追逐高增长科技股的投资者，如果在高点买入，则必须等待数年才能获得投资回报。因此，如果投资者追逐股票并支付过高的价格，电动汽车领域的所有增长可能都将化为乌有。</blockquote></p><p> On top of that, the global automobile industry is, generally speaking, competitive, capital intensive, cyclical, and margins for most players are relatively low. That being said, the large growth runway for EVs means that quality EV companies will likely see their revenues and profits grow at a strong pace for many years, and thus a long-term oriented investor may still be intrigued by these stocks.</p><p><blockquote>最重要的是，一般来说，全球汽车行业竞争激烈、资本密集型、周期性，大多数参与者的利润率相对较低。话虽如此，电动汽车的巨大增长跑道意味着优质电动汽车公司的收入和利润可能会在许多年内强劲增长，因此长期投资者可能仍然对这些股票感兴趣。</blockquote></p><p></p><p> NIO and BYD are employing different strategies when it comes to the EV market, and both of those strategies have merit, I believe. NIO is focused on higher-end, quality passenger EVs that are primarily sold in China, although NIO is also entering the European car market this summer. The company offers a range of different models, from sports cars to SUVs. Due to strong built quality and the usage of high-end materials, NIO cars are seen as premium products worthy of a high price in China. NIO has, despite its relatively young history, managed to build a strong brand in its home market already, which positions the company well for future success in the Chinese EV space.</p><p><blockquote>蔚来和比亚迪在电动汽车市场采用了不同的策略，我相信这两种策略都有优点。蔚来专注于主要在中国销售的高端、优质乘用电动汽车，尽管蔚来也将于今年夏天进入欧洲汽车市场。该公司提供一系列不同的车型，从跑车到SUV。由于强大的制造质量和高端材料的使用，蔚来汽车在国内被视为值得高价的优质产品。尽管蔚来的历史相对年轻，但它已经成功地在国内市场建立了一个强大的品牌，这为该公司未来在中国电动汽车领域的成功奠定了良好的基础。</blockquote></p><p> NIO also offers a unique Battery-as-a-Service product that allows customers to swap batteries at NIO's battery-swapping stations. This reduces the time to recharge to a couple of minutes, which compares very favorably to the significantly longer charging times of other EV models. For those that are reluctant to buy an EV because they worry about a lot of downtime, NIO's cars could thus be an EV offering that they might still consider. I see this USP as a potential long-term growth driver for NIO that should help the company gain market share in this highly competitive market. It should, however, be noted that building out these battery-swapping stations in all relevant markets will cost a lot of money, thus capital expenditures for NIO will likely be higher than those of other EV players. NIO delivered&nbsp;500%+&nbsp;revenue growth in Q1 and will deliver strong revenue growth going forward, too:</p><p><blockquote>蔚来还提供独特的电池即服务产品，允许客户在蔚来的电池交换站更换电池。这将充电时间减少到几分钟，与其他电动汽车车型明显更长的充电时间相比非常有利。对于那些因为担心大量停机而不愿购买电动汽车的人来说，蔚来的汽车可能仍然是他们可能会考虑的电动汽车产品。我认为这一USP是蔚来潜在的长期增长动力，应该有助于该公司在这个竞争激烈的市场中获得市场份额。然而，应该指出的是，在所有相关市场建设这些电池交换站将花费大量资金，因此蔚来的资本支出可能会高于其他电动汽车公司。蔚来第一季度收入增长500%以上，未来也将实现强劲的收入增长：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cef4405a87e449cbbef819ea69e868d1\" tg-width=\"635\" tg-height=\"467\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> Current consensus estimates call for a 125% revenue increase this year, while revenues will grow by 63% next year and by 47% in 2023. This represents strong growth and is significantly more than what analysts expect from the current market leader Tesla, although it should be noted that NIO is growing from a smaller base.</p><p><blockquote>目前的共识预计看涨期权今年的收入将增长125%，而明年的收入将增长63%，2023年将增长47%。这代表着强劲的增长，大大超过了分析师对当前市场领导者特斯拉的预期，尽管应该指出的是，蔚来的增长基础较小。</blockquote></p><p> BYD is a lesser-known Chinese EV player that is nevertheless pursuing an attractive strategy as well. BYD is not focused on higher-end passenger vehicles alone, but instead is offering a wide range of commercial EVs on top of that. Its offerings include electricity-powered trucks and electricity-powered busses, for example, which have a lot of potential over the coming years. Getting rid of diesel-powered busses could lead to better air quality in dense cities, and due to low average speeds and low average distances that are driven by busses, range is not too much of a concern. BYD is also offering other electric technologies, however, including a monorail system called Skyrail that is being built in China, but also in overseas markets such as Brazil.</p><p><blockquote>比亚迪是一家鲜为人知的中国电动汽车公司，但它也在追求一项有吸引力的战略。比亚迪不仅专注于高端乘用车，还在此基础上提供各种商用电动汽车。例如，其产品包括电动卡车和电动公共汽车，这些产品在未来几年具有很大的潜力。摆脱柴油动力公交车可能会改善人口稠密城市的空气质量，而且由于公交车行驶的平均速度和平均距离较低，续航里程并不是太大的问题。然而，比亚迪还提供其他电动技术，包括正在中国建造的名为Skyrail的单轨系统，但也在巴西等海外市场建造。</blockquote></p><p> BYD also is a major battery manufacturer, which naturally gives BYD exposure to the EV space as a whole. Even when other manufacturers are selling EVs, they oftentimes are not producing their own batteries, but instead they buy those from companies such as BYD. BYD can thus, unlike many other EV companies, also profit from the growth of its competitors. This is especially great since it is not yet known which EV company will ultimately lead the market a decade or two from now -- but it is guaranteed that the market leader will need batteries to manufacture its vehicles.</p><p><blockquote>比亚迪也是一家主要的电池制造商，这自然让比亚迪接触到了整个电动汽车领域。即使其他制造商销售电动汽车，他们也经常不生产自己的电池，而是从比亚迪等公司购买电池。因此，与许多其他电动汽车公司不同，比亚迪也可以从竞争对手的增长中获利。这一点尤其重要，因为目前尚不清楚哪家电动汽车公司将在十年或二十年后最终引领市场，但可以肯定的是，市场领导者将需要电池来制造其车辆。</blockquote></p><p> BYD does, however, also produce its own passenger EVs (hybrids and BEVs), which means that it is not solely a supplier. Its Han model has been&nbsp;quite successful&nbsp;in its home market, making BYD a lesser-known but pretty successful contender for EV market share. Unlike NIO, BYD is profitable already, and its valuation seems to be one of the lowest in the EV space. This is, I believe, at least partially the result of an understaffed investor relations department. Contrasting how much information (in English) is available on NIO with how much information English-speaking investors can get on BYD shows a wide discrepancy, which likely explains why NIO is followed more widely -- despite being the smaller company. BYD generated revenue of $22 billion in 2020, and that amount is forecasted to grow to $29 billion this year, and to $34 billion in 2022. BYD is thus forecasted to grow at a rate that is somewhat slower than NIO's growth rate, but BYD's forecasted revenue for 2022 is about 4x as high as that of NIO. It thus may come as a surprise that BYD's market capitalization of $100 billion is only slightly higher than that of NIO, despite being a much larger, and more profitable, enterprise. Once again, I believe that this is at least partially caused by the fact that BYD is just not as well-known outside of China, and that many retail investors thus flock to the better-known, more prominent NIO.</p><p><blockquote>然而，比亚迪也生产自己的乘用电动汽车（混合动力汽车和纯电动汽车），这意味着它不仅仅是一家供应商。其汉车型在国内市场相当成功，使比亚迪成为电动汽车市场份额的鲜为人知但相当成功的竞争者。与蔚来不同，比亚迪已经实现盈利，其估值似乎是电动汽车领域最低的之一。我认为，这至少部分是投资者关系部门人手不足的结果。将蔚来上提供的信息（英文）数量与讲英语的投资者可以获得的有关比亚迪的信息数量进行对比，显示出巨大的差异，这可能解释了为什么蔚来受到更广泛的关注——尽管它是一家规模较小的公司。比亚迪2020年营收为220亿美元，预计今年将增长至290亿美元，2022年将增长至340亿美元。因此，预计比亚迪的增长速度将略慢于蔚来的增长速度，但比亚迪2022年的预测收入约为蔚来的4倍。因此，尽管比亚迪是一家规模更大、利润更高的企业，但其1000亿美元的市值仅略高于蔚来，这可能会令人惊讶。我再次认为，这至少部分是由于比亚迪在中国以外的知名度不高，因此许多散户投资者涌向更知名、更知名的蔚来。</blockquote></p><p> <b>Should You Buy NIO Or BYD Auto</b></p><p><blockquote><b>你应该买蔚来还是比亚迪汽车</b></blockquote></p><p></p><p> As stated earlier, investing in high-growth companies will not automatically lead to steep returns, as valuations play a major role as well. NIO is the higher-growth pick, and its BaaS service and strong brand position it well for future success, I believe. On the other hand, NIO's shares are quite expensive, trading for close to 10x next year's revenue right now. BYD is a lower-growth pick, but its diversified operations across passenger EVs, commercial EVs, and its battery business will likely lead to ample revenue and earnings growth for many years nevertheless. BYD is, as one of just a few EV players profitable already, which naturally is a major plus, and BYD's much lower valuation also makes shares look attractive. Shares trade for ~3x next year's revenue, which does not seem unreasonable, considering that many other EV stocks are trading for 10x revenue or even more. The fact that BYD is backed by Buffett's Berkshire(NYSE:BRK.A)(NYSE:BRK.B)is also a nice-to-have.</p><p><blockquote>如前所述，投资高增长公司不会自动带来丰厚的回报，因为估值也发挥着重要作用。我相信，蔚来是增长较高的选择，其BaaS服务和强大的品牌为其未来的成功奠定了良好的基础。另一方面，蔚来的股价相当昂贵，目前的交易价格接近明年收入的10倍。比亚迪是一个增长较低的选择，但其在乘用电动汽车、商用电动汽车和电池业务方面的多元化业务可能会在许多年内带来充足的收入和盈利增长。比亚迪是少数几家已经盈利的电动汽车公司之一，这自然是一个主要优势，而且比亚迪低得多的估值也使其股价看起来很有吸引力。股票交易价格约为明年收入的3倍，考虑到许多其他电动汽车股票的交易价格为10倍甚至更高，这似乎并非不合理。比亚迪得到巴菲特旗下伯克希尔哈撒韦公司（纽约证券交易所股票代码：BRK.A）（纽约证券交易所股票代码：BRK.B）的支持也是一件好事。</blockquote></p><p> Depending on whether you prioritize growth or value, you may either prefer NIO or BYD -- both companies seem like picks with ample long-term potential, although neither are guaranteed winners, which is why don't rate either a screaming buy.</p><p><blockquote>根据您优先考虑增长还是价值，您可能更喜欢蔚来或比亚迪——这两家公司似乎都是具有充足长期潜力的选择，尽管它们都不是保证的赢家，这就是为什么不要对任何一家进行尖叫买入评级。</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>NIO Vs BYD Auto: Which EV Stock Is A Good Buy?<blockquote>蔚来Vs比亚迪汽车：哪只电动汽车股票值得买入？</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\">\nNIO Vs BYD Auto: Which EV Stock Is A Good Buy?<blockquote>蔚来Vs比亚迪汽车：哪只电动汽车股票值得买入？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">seekingalpha</strong><span class=\"h-time small\">2021-07-01 22:38</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>China is a leading EV market, and it looks like Chinese players will have it easier in their home market compared to foreign companies.</li>  <li>Both NIO and BYD have attractive offerings on the market and employ strategies that differentiate them from competitors.</li>  <li>NIO is the higher-growth pick, while BYD is the better value play. Both could be attractive picks for the long run.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/85f5123d1a2c682db80316343dba1e5b\" tg-width=\"1536\" tg-height=\"1025\" referrerpolicy=\"no-referrer\"><span>baona/iStock via Getty Images</span></p><p><blockquote><ul><li>中国是领先的电动汽车市场，与外国公司相比，中国企业在国内市场的日子似乎会更轻松。</li><li>蔚来和比亚迪在市场上都有有吸引力的产品，并采用了使其与竞争对手区分开来的策略。</li><li>蔚来是增长较高的选择，而比亚迪是价值较高的选择。从长远来看，两者都可能是有吸引力的选择。</li></ul><p class=\"t-img-caption\"><span>baona/iStock来自Getty Images</span></p></blockquote></p><p> <b>Article Thesis</b></p><p><blockquote><b>文章论文</b></blockquote></p><p> EV stocks have been strong performers in 2020 on the back of strong market growth and helpful government policies. China has turned into one of the most important markets for electric vehicles, and since the Chinese government is oftentimes accommodating to Chinese companies, it makes sense to look among Chinese EV players for exposure to this high-growth market. Both BYD Company(OTCPK:BYDDY)(OTCPK:BYDDF)and NIO Inc.(NYSE:NIO)fit that description, and they both generate compelling growth and are on a strong trajectory. They differ, however, when it comes to the strategies they utilize in order to fuel growth, and there are differences in the respective valuation as well. Depending on your investment approach, you may either favor BYD or NIO.</p><p><blockquote>在强劲的市场增长和有益的政府政策的支持下，电动汽车股票在2020年表现强劲。中国已成为电动汽车最重要的市场之一，由于中国政府经常迁就中国公司，因此在中国电动汽车企业中寻找进入这个高增长市场的机会是有意义的。比亚迪公司（OTCPK：BYDDY）（OTCPK：BYDDF）和蔚来（纽约证券交易所股票代码：蔚来）都符合这一描述，它们都产生了引人注目的增长，并且正走在强劲的轨道上。然而，当谈到他们用来推动增长的策略时，他们是不同的，而且各自的估值也存在差异。根据您的投资方式，您可能会青睐比亚迪或蔚来。</blockquote></p><p> <b>NIO Stock Price</b></p><p><blockquote><b>蔚来股价</b></blockquote></p><p> NIO saw its shares rally massively over the last year, as they delivered gains of 600% in just twelve months:</p><p><blockquote>蔚来的股价在去年大幅上涨，短短12个月内就上涨了600%：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f8bdb6f898b23023b1240e557370891c\" tg-width=\"635\" tg-height=\"417\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> This was easily more than what the broad market generated, and also outperformed peers such as Tesla(NASDAQ:TSLA), which gained about 240% over the same time frame. It should, however, be noted that NIO experienced a steep selloff in spring 2021, as its shares declined by close to 50% between January and May, before starting to climb again in recent weeks. When we take a look at current analyst price targets, NIO has an upside of around 20%, as analysts have a target price of $60, versus a current share price of $50.</p><p><blockquote>这轻松超过了大盘的表现，也跑赢了特斯拉（纳斯达克：TSLA）等同行，后者同期上涨了约240%。然而，应该指出的是，蔚来在2021年春季经历了大幅抛售，其股价在1月至5月期间下跌了近50%，然后在最近几周再次开始攀升。当我们看一下当前分析师的目标价时，蔚来的上涨空间约为20%，因为分析师的目标价为60美元，而当前股价为50美元。</blockquote></p><p> When looking at NIO's valuation, we can't really use an earnings multiple here, as NIO is not yet profitable. It is pretty clear, however, that NIO, with a market capitalization of $81 billion, is priced for a lot of future growth -- which holds true for other EV pureplays as well. For reference, that is a higher market capitalization than that of many legacy auto companies, including Ford(NYSE:F)and BMW(OTCPK:BMWYY), which indicates that NIO may be aggressively valued right here, considering that it sells way fewer cars than these two companies.</p><p><blockquote>在考虑蔚来的估值时，我们不能在这里真正使用市盈率，因为蔚来尚未盈利。然而，很明显，市值为810亿美元的蔚来有望实现未来的大幅增长——这也适用于其他纯电动汽车公司。作为参考，这比包括福特(NYSE：F)和宝马(OTCPK：BMWYY)在内的许多传统汽车公司的市值都要高，这表明蔚来的估值可能很高，因为它的销量要少得多。汽车比这两家公司。</blockquote></p><p> <b>BYDDY Stock Price</b></p><p><blockquote><b>比亚迪股价</b></blockquote></p><p> BYD Company has, like other EV players, benefitted a lot from growing EV enthusiasm over the last year, as its shares rose by 300% in twelve months:</p><p><blockquote>与其他电动汽车企业一样，比亚迪公司去年从电动汽车热情的高涨中受益匪浅，其股价在12个月内上涨了300%：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2d77e1b86412ba77229dd4779269265a\" tg-width=\"635\" tg-height=\"417\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> That is about half as much as the gains experienced by NIO, but slightly more than the gains experienced by Tesla. Overall, a 300% gain in one year is, of course, outstanding -- and investors should not expect this to repeat in future years. Like NIO, BYD has experienced a steep selloff in spring, but BYD has also recovered most of that in recent weeks. Unlike NIO, BYD is profitable already, although only marginally. Shares are trading for around 130x trailing earnings today, which isn't a low valuation at all, but which compares favorably to the valuations some other EV stocks are trading at, such as Tesla, which trades for more than 600x trailing net profits.</p><p><blockquote>这大约是蔚来收益的一半，但略高于特斯拉的收益。总体而言，一年内300%的涨幅当然是出色的——投资者不应期望这种情况在未来几年会重演。与蔚来一样，比亚迪在春季也经历了大幅抛售，但比亚迪在最近几周也恢复了大部分抛售。与蔚来不同，比亚迪已经实现盈利，尽管只是小幅盈利。目前，该股的交易价格约为往绩市盈率的130倍，这一点也不低，但与其他一些电动汽车股票的交易估值相比，这是有利的，例如特斯拉，其往绩净利润的600倍以上。</blockquote></p><p> <b>NIO Vs BYD Auto: Which Is The Better EV Stock?</b></p><p><blockquote><b>蔚来与比亚迪汽车：电动汽车股票哪个更好？</b></blockquote></p><p> The EV segment of the global automobile industry experiences rapid growth, and that naturally makes EV stocks attractive as growth investments. It should, however, be noted that valuations should always be considered when investing, and depending on the price one pays for a growth investment, it may take quite some time to see gains. Investors that chased high-growth tech stocks during the dot.com bubble, for example, had to wait years for their investments to pay off if they bought at the highs. All the growth in the EV space may thus be for naught if investors chase stocks and pay a price that is too high.</p><p><blockquote>全球汽车行业的电动汽车领域正在经历快速增长，这自然使得电动汽车股票作为成长型投资具有吸引力。然而，应该指出的是，投资时应始终考虑估值，根据一个人为成长型投资支付的价格，可能需要相当长的时间才能看到收益。例如，在互联网泡沫期间追逐高增长科技股的投资者，如果在高点买入，则必须等待数年才能获得投资回报。因此，如果投资者追逐股票并支付过高的价格，电动汽车领域的所有增长可能都将化为乌有。</blockquote></p><p> On top of that, the global automobile industry is, generally speaking, competitive, capital intensive, cyclical, and margins for most players are relatively low. That being said, the large growth runway for EVs means that quality EV companies will likely see their revenues and profits grow at a strong pace for many years, and thus a long-term oriented investor may still be intrigued by these stocks.</p><p><blockquote>最重要的是，一般来说，全球汽车行业竞争激烈、资本密集型、周期性，大多数参与者的利润率相对较低。话虽如此，电动汽车的巨大增长跑道意味着优质电动汽车公司的收入和利润可能会在许多年内强劲增长，因此长期投资者可能仍然对这些股票感兴趣。</blockquote></p><p></p><p> NIO and BYD are employing different strategies when it comes to the EV market, and both of those strategies have merit, I believe. NIO is focused on higher-end, quality passenger EVs that are primarily sold in China, although NIO is also entering the European car market this summer. The company offers a range of different models, from sports cars to SUVs. Due to strong built quality and the usage of high-end materials, NIO cars are seen as premium products worthy of a high price in China. NIO has, despite its relatively young history, managed to build a strong brand in its home market already, which positions the company well for future success in the Chinese EV space.</p><p><blockquote>蔚来和比亚迪在电动汽车市场采用了不同的策略，我相信这两种策略都有优点。蔚来专注于主要在中国销售的高端、优质乘用电动汽车，尽管蔚来也将于今年夏天进入欧洲汽车市场。该公司提供一系列不同的车型，从跑车到SUV。由于强大的制造质量和高端材料的使用，蔚来汽车在国内被视为值得高价的优质产品。尽管蔚来的历史相对年轻，但它已经成功地在国内市场建立了一个强大的品牌，这为该公司未来在中国电动汽车领域的成功奠定了良好的基础。</blockquote></p><p> NIO also offers a unique Battery-as-a-Service product that allows customers to swap batteries at NIO's battery-swapping stations. This reduces the time to recharge to a couple of minutes, which compares very favorably to the significantly longer charging times of other EV models. For those that are reluctant to buy an EV because they worry about a lot of downtime, NIO's cars could thus be an EV offering that they might still consider. I see this USP as a potential long-term growth driver for NIO that should help the company gain market share in this highly competitive market. It should, however, be noted that building out these battery-swapping stations in all relevant markets will cost a lot of money, thus capital expenditures for NIO will likely be higher than those of other EV players. NIO delivered&nbsp;500%+&nbsp;revenue growth in Q1 and will deliver strong revenue growth going forward, too:</p><p><blockquote>蔚来还提供独特的电池即服务产品，允许客户在蔚来的电池交换站更换电池。这将充电时间减少到几分钟，与其他电动汽车车型明显更长的充电时间相比非常有利。对于那些因为担心大量停机而不愿购买电动汽车的人来说，蔚来的汽车可能仍然是他们可能会考虑的电动汽车产品。我认为这一USP是蔚来潜在的长期增长动力，应该有助于该公司在这个竞争激烈的市场中获得市场份额。然而，应该指出的是，在所有相关市场建设这些电池交换站将花费大量资金，因此蔚来的资本支出可能会高于其他电动汽车公司。蔚来第一季度收入增长500%以上，未来也将实现强劲的收入增长：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cef4405a87e449cbbef819ea69e868d1\" tg-width=\"635\" tg-height=\"467\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> Current consensus estimates call for a 125% revenue increase this year, while revenues will grow by 63% next year and by 47% in 2023. This represents strong growth and is significantly more than what analysts expect from the current market leader Tesla, although it should be noted that NIO is growing from a smaller base.</p><p><blockquote>目前的共识预计看涨期权今年的收入将增长125%，而明年的收入将增长63%，2023年将增长47%。这代表着强劲的增长，大大超过了分析师对当前市场领导者特斯拉的预期，尽管应该指出的是，蔚来的增长基础较小。</blockquote></p><p> BYD is a lesser-known Chinese EV player that is nevertheless pursuing an attractive strategy as well. BYD is not focused on higher-end passenger vehicles alone, but instead is offering a wide range of commercial EVs on top of that. Its offerings include electricity-powered trucks and electricity-powered busses, for example, which have a lot of potential over the coming years. Getting rid of diesel-powered busses could lead to better air quality in dense cities, and due to low average speeds and low average distances that are driven by busses, range is not too much of a concern. BYD is also offering other electric technologies, however, including a monorail system called Skyrail that is being built in China, but also in overseas markets such as Brazil.</p><p><blockquote>比亚迪是一家鲜为人知的中国电动汽车公司，但它也在追求一项有吸引力的战略。比亚迪不仅专注于高端乘用车，还在此基础上提供各种商用电动汽车。例如，其产品包括电动卡车和电动公共汽车，这些产品在未来几年具有很大的潜力。摆脱柴油动力公交车可能会改善人口稠密城市的空气质量，而且由于公交车行驶的平均速度和平均距离较低，续航里程并不是太大的问题。然而，比亚迪还提供其他电动技术，包括正在中国建造的名为Skyrail的单轨系统，但也在巴西等海外市场建造。</blockquote></p><p> BYD also is a major battery manufacturer, which naturally gives BYD exposure to the EV space as a whole. Even when other manufacturers are selling EVs, they oftentimes are not producing their own batteries, but instead they buy those from companies such as BYD. BYD can thus, unlike many other EV companies, also profit from the growth of its competitors. This is especially great since it is not yet known which EV company will ultimately lead the market a decade or two from now -- but it is guaranteed that the market leader will need batteries to manufacture its vehicles.</p><p><blockquote>比亚迪也是一家主要的电池制造商，这自然让比亚迪接触到了整个电动汽车领域。即使其他制造商销售电动汽车，他们也经常不生产自己的电池，而是从比亚迪等公司购买电池。因此，与许多其他电动汽车公司不同，比亚迪也可以从竞争对手的增长中获利。这一点尤其重要，因为目前尚不清楚哪家电动汽车公司将在十年或二十年后最终引领市场，但可以肯定的是，市场领导者将需要电池来制造其车辆。</blockquote></p><p> BYD does, however, also produce its own passenger EVs (hybrids and BEVs), which means that it is not solely a supplier. Its Han model has been&nbsp;quite successful&nbsp;in its home market, making BYD a lesser-known but pretty successful contender for EV market share. Unlike NIO, BYD is profitable already, and its valuation seems to be one of the lowest in the EV space. This is, I believe, at least partially the result of an understaffed investor relations department. Contrasting how much information (in English) is available on NIO with how much information English-speaking investors can get on BYD shows a wide discrepancy, which likely explains why NIO is followed more widely -- despite being the smaller company. BYD generated revenue of $22 billion in 2020, and that amount is forecasted to grow to $29 billion this year, and to $34 billion in 2022. BYD is thus forecasted to grow at a rate that is somewhat slower than NIO's growth rate, but BYD's forecasted revenue for 2022 is about 4x as high as that of NIO. It thus may come as a surprise that BYD's market capitalization of $100 billion is only slightly higher than that of NIO, despite being a much larger, and more profitable, enterprise. Once again, I believe that this is at least partially caused by the fact that BYD is just not as well-known outside of China, and that many retail investors thus flock to the better-known, more prominent NIO.</p><p><blockquote>然而，比亚迪也生产自己的乘用电动汽车（混合动力汽车和纯电动汽车），这意味着它不仅仅是一家供应商。其汉车型在国内市场相当成功，使比亚迪成为电动汽车市场份额的鲜为人知但相当成功的竞争者。与蔚来不同，比亚迪已经实现盈利，其估值似乎是电动汽车领域最低的之一。我认为，这至少部分是投资者关系部门人手不足的结果。将蔚来上提供的信息（英文）数量与讲英语的投资者可以获得的有关比亚迪的信息数量进行对比，显示出巨大的差异，这可能解释了为什么蔚来受到更广泛的关注——尽管它是一家规模较小的公司。比亚迪2020年营收为220亿美元，预计今年将增长至290亿美元，2022年将增长至340亿美元。因此，预计比亚迪的增长速度将略慢于蔚来的增长速度，但比亚迪2022年的预测收入约为蔚来的4倍。因此，尽管比亚迪是一家规模更大、利润更高的企业，但其1000亿美元的市值仅略高于蔚来，这可能会令人惊讶。我再次认为，这至少部分是由于比亚迪在中国以外的知名度不高，因此许多散户投资者涌向更知名、更知名的蔚来。</blockquote></p><p> <b>Should You Buy NIO Or BYD Auto</b></p><p><blockquote><b>你应该买蔚来还是比亚迪汽车</b></blockquote></p><p></p><p> As stated earlier, investing in high-growth companies will not automatically lead to steep returns, as valuations play a major role as well. NIO is the higher-growth pick, and its BaaS service and strong brand position it well for future success, I believe. On the other hand, NIO's shares are quite expensive, trading for close to 10x next year's revenue right now. BYD is a lower-growth pick, but its diversified operations across passenger EVs, commercial EVs, and its battery business will likely lead to ample revenue and earnings growth for many years nevertheless. BYD is, as one of just a few EV players profitable already, which naturally is a major plus, and BYD's much lower valuation also makes shares look attractive. Shares trade for ~3x next year's revenue, which does not seem unreasonable, considering that many other EV stocks are trading for 10x revenue or even more. The fact that BYD is backed by Buffett's Berkshire(NYSE:BRK.A)(NYSE:BRK.B)is also a nice-to-have.</p><p><blockquote>如前所述，投资高增长公司不会自动带来丰厚的回报，因为估值也发挥着重要作用。我相信，蔚来是增长较高的选择，其BaaS服务和强大的品牌为其未来的成功奠定了良好的基础。另一方面，蔚来的股价相当昂贵，目前的交易价格接近明年收入的10倍。比亚迪是一个增长较低的选择，但其在乘用电动汽车、商用电动汽车和电池业务方面的多元化业务可能会在许多年内带来充足的收入和盈利增长。比亚迪是少数几家已经盈利的电动汽车公司之一，这自然是一个主要优势，而且比亚迪低得多的估值也使其股价看起来很有吸引力。股票交易价格约为明年收入的3倍，考虑到许多其他电动汽车股票的交易价格为10倍甚至更高，这似乎并非不合理。比亚迪得到巴菲特旗下伯克希尔哈撒韦公司（纽约证券交易所股票代码：BRK.A）（纽约证券交易所股票代码：BRK.B）的支持也是一件好事。</blockquote></p><p> Depending on whether you prioritize growth or value, you may either prefer NIO or BYD -- both companies seem like picks with ample long-term potential, although neither are guaranteed winners, which is why don't rate either a screaming buy.</p><p><blockquote>根据您优先考虑增长还是价值，您可能更喜欢蔚来或比亚迪——这两家公司似乎都是具有充足长期潜力的选择，尽管它们都不是保证的赢家，这就是为什么不要对任何一家进行尖叫买入评级。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4437449-nio-vs-byd-ev-stock-good-buy\">seekingalpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BYDDY":"比亚迪ADR","01211":"比亚迪股份","NIO":"蔚来","002594":"比亚迪"},"source_url":"https://seekingalpha.com/article/4437449-nio-vs-byd-ev-stock-good-buy","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1131141642","content_text":"Summary\n\nChina is a leading EV market, and it looks like Chinese players will have it easier in their home market compared to foreign companies.\nBoth NIO and BYD have attractive offerings on the market and employ strategies that differentiate them from competitors.\nNIO is the higher-growth pick, while BYD is the better value play. Both could be attractive picks for the long run.\n\nbaona/iStock via Getty Images\nArticle Thesis\nEV stocks have been strong performers in 2020 on the back of strong market growth and helpful government policies. China has turned into one of the most important markets for electric vehicles, and since the Chinese government is oftentimes accommodating to Chinese companies, it makes sense to look among Chinese EV players for exposure to this high-growth market. Both BYD Company(OTCPK:BYDDY)(OTCPK:BYDDF)and NIO Inc.(NYSE:NIO)fit that description, and they both generate compelling growth and are on a strong trajectory. They differ, however, when it comes to the strategies they utilize in order to fuel growth, and there are differences in the respective valuation as well. Depending on your investment approach, you may either favor BYD or NIO.\nNIO Stock Price\nNIO saw its shares rally massively over the last year, as they delivered gains of 600% in just twelve months:\nData by YCharts\nThis was easily more than what the broad market generated, and also outperformed peers such as Tesla(NASDAQ:TSLA), which gained about 240% over the same time frame. It should, however, be noted that NIO experienced a steep selloff in spring 2021, as its shares declined by close to 50% between January and May, before starting to climb again in recent weeks. When we take a look at current analyst price targets, NIO has an upside of around 20%, as analysts have a target price of $60, versus a current share price of $50.\nWhen looking at NIO's valuation, we can't really use an earnings multiple here, as NIO is not yet profitable. It is pretty clear, however, that NIO, with a market capitalization of $81 billion, is priced for a lot of future growth -- which holds true for other EV pureplays as well. For reference, that is a higher market capitalization than that of many legacy auto companies, including Ford(NYSE:F)and BMW(OTCPK:BMWYY), which indicates that NIO may be aggressively valued right here, considering that it sells way fewer cars than these two companies.\nBYDDY Stock Price\nBYD Company has, like other EV players, benefitted a lot from growing EV enthusiasm over the last year, as its shares rose by 300% in twelve months:\nData by YCharts\nThat is about half as much as the gains experienced by NIO, but slightly more than the gains experienced by Tesla. Overall, a 300% gain in one year is, of course, outstanding -- and investors should not expect this to repeat in future years. Like NIO, BYD has experienced a steep selloff in spring, but BYD has also recovered most of that in recent weeks. Unlike NIO, BYD is profitable already, although only marginally. Shares are trading for around 130x trailing earnings today, which isn't a low valuation at all, but which compares favorably to the valuations some other EV stocks are trading at, such as Tesla, which trades for more than 600x trailing net profits.\nNIO Vs BYD Auto: Which Is The Better EV Stock?\nThe EV segment of the global automobile industry experiences rapid growth, and that naturally makes EV stocks attractive as growth investments. It should, however, be noted that valuations should always be considered when investing, and depending on the price one pays for a growth investment, it may take quite some time to see gains. Investors that chased high-growth tech stocks during the dot.com bubble, for example, had to wait years for their investments to pay off if they bought at the highs. All the growth in the EV space may thus be for naught if investors chase stocks and pay a price that is too high.\nOn top of that, the global automobile industry is, generally speaking, competitive, capital intensive, cyclical, and margins for most players are relatively low. That being said, the large growth runway for EVs means that quality EV companies will likely see their revenues and profits grow at a strong pace for many years, and thus a long-term oriented investor may still be intrigued by these stocks.\nNIO and BYD are employing different strategies when it comes to the EV market, and both of those strategies have merit, I believe. NIO is focused on higher-end, quality passenger EVs that are primarily sold in China, although NIO is also entering the European car market this summer. The company offers a range of different models, from sports cars to SUVs. Due to strong built quality and the usage of high-end materials, NIO cars are seen as premium products worthy of a high price in China. NIO has, despite its relatively young history, managed to build a strong brand in its home market already, which positions the company well for future success in the Chinese EV space.\nNIO also offers a unique Battery-as-a-Service product that allows customers to swap batteries at NIO's battery-swapping stations. This reduces the time to recharge to a couple of minutes, which compares very favorably to the significantly longer charging times of other EV models. For those that are reluctant to buy an EV because they worry about a lot of downtime, NIO's cars could thus be an EV offering that they might still consider. I see this USP as a potential long-term growth driver for NIO that should help the company gain market share in this highly competitive market. It should, however, be noted that building out these battery-swapping stations in all relevant markets will cost a lot of money, thus capital expenditures for NIO will likely be higher than those of other EV players. NIO delivered 500%+ revenue growth in Q1 and will deliver strong revenue growth going forward, too:\nData by YCharts\nCurrent consensus estimates call for a 125% revenue increase this year, while revenues will grow by 63% next year and by 47% in 2023. This represents strong growth and is significantly more than what analysts expect from the current market leader Tesla, although it should be noted that NIO is growing from a smaller base.\nBYD is a lesser-known Chinese EV player that is nevertheless pursuing an attractive strategy as well. BYD is not focused on higher-end passenger vehicles alone, but instead is offering a wide range of commercial EVs on top of that. Its offerings include electricity-powered trucks and electricity-powered busses, for example, which have a lot of potential over the coming years. Getting rid of diesel-powered busses could lead to better air quality in dense cities, and due to low average speeds and low average distances that are driven by busses, range is not too much of a concern. BYD is also offering other electric technologies, however, including a monorail system called Skyrail that is being built in China, but also in overseas markets such as Brazil.\nBYD also is a major battery manufacturer, which naturally gives BYD exposure to the EV space as a whole. Even when other manufacturers are selling EVs, they oftentimes are not producing their own batteries, but instead they buy those from companies such as BYD. BYD can thus, unlike many other EV companies, also profit from the growth of its competitors. This is especially great since it is not yet known which EV company will ultimately lead the market a decade or two from now -- but it is guaranteed that the market leader will need batteries to manufacture its vehicles.\nBYD does, however, also produce its own passenger EVs (hybrids and BEVs), which means that it is not solely a supplier. Its Han model has been quite successful in its home market, making BYD a lesser-known but pretty successful contender for EV market share. Unlike NIO, BYD is profitable already, and its valuation seems to be one of the lowest in the EV space. This is, I believe, at least partially the result of an understaffed investor relations department. Contrasting how much information (in English) is available on NIO with how much information English-speaking investors can get on BYD shows a wide discrepancy, which likely explains why NIO is followed more widely -- despite being the smaller company. BYD generated revenue of $22 billion in 2020, and that amount is forecasted to grow to $29 billion this year, and to $34 billion in 2022. BYD is thus forecasted to grow at a rate that is somewhat slower than NIO's growth rate, but BYD's forecasted revenue for 2022 is about 4x as high as that of NIO. It thus may come as a surprise that BYD's market capitalization of $100 billion is only slightly higher than that of NIO, despite being a much larger, and more profitable, enterprise. Once again, I believe that this is at least partially caused by the fact that BYD is just not as well-known outside of China, and that many retail investors thus flock to the better-known, more prominent NIO.\nShould You Buy NIO Or BYD Auto\nAs stated earlier, investing in high-growth companies will not automatically lead to steep returns, as valuations play a major role as well. NIO is the higher-growth pick, and its BaaS service and strong brand position it well for future success, I believe. On the other hand, NIO's shares are quite expensive, trading for close to 10x next year's revenue right now. BYD is a lower-growth pick, but its diversified operations across passenger EVs, commercial EVs, and its battery business will likely lead to ample revenue and earnings growth for many years nevertheless. BYD is, as one of just a few EV players profitable already, which naturally is a major plus, and BYD's much lower valuation also makes shares look attractive. Shares trade for ~3x next year's revenue, which does not seem unreasonable, considering that many other EV stocks are trading for 10x revenue or even more. The fact that BYD is backed by Buffett's Berkshire(NYSE:BRK.A)(NYSE:BRK.B)is also a nice-to-have.\nDepending on whether you prioritize growth or value, you may either prefer NIO or BYD -- both companies seem like picks with ample long-term potential, although neither are guaranteed winners, which is why don't rate either a screaming buy.","news_type":1,"symbols_score_info":{"NIO":0.9,"002594":0.9,"01211":0.9,"BYDDY":0.9}},"isVote":1,"tweetType":1,"viewCount":444,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":359934928,"gmtCreate":1616316859364,"gmtModify":1634526363420,"author":{"id":"3572418035699527","authorId":"3572418035699527","name":"财神爷爷97","avatar":"https://static.tigerbbs.com/bcb5096bb391a4364a255cfe900aece0","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572418035699527","authorIdStr":"3572418035699527"},"themes":[],"htmlText":"Glad to hear that","listText":"Glad to hear that","text":"Glad to hear that","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":6,"repostSize":0,"link":"https://laohu8.com/post/359934928","repostId":"1117450855","repostType":4,"repost":{"id":"1117450855","kind":"news","pubTimestamp":1616166767,"share":"https://www.laohu8.com/m/news/1117450855?lang=zh_CN&edition=full","pubTime":"2021-03-19 23:12","market":"us","language":"en","title":"Powell says Fed will keep supporting economy ‘for as long as it takes’<blockquote>鲍威尔表示美联储将“只要需要”继续支持经济</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1117450855","media":"marketwatch","summary":"Outlook is brightening, but recovery ‘far from complete,’ Fed chairman says in WSJ op-ed.Federal Reserve Chairman Jerome Powell on Friday said that while the U.S. economic outlook is “brightening,” the recovery is “far from complete.”In an op-ed published in the Wall Street Journal,Powell recounted the moment last February when he realized that the coronavirus pandemic would sweep across the country.“The danger to the U.S. economy was grave. The challenge was to limit the severity and duration o","content":"<p>  <b>Outlook is brightening, but recovery ‘far from complete,’ Fed chairman says in WSJ op-ed.</b>  Federal Reserve Chairman Jerome Powell on Friday said that while the U.S. economic outlook is “brightening,” the recovery is “far from complete.”</p><p><blockquote><b>美联储主席在《华尔街日报》专栏中表示，前景一片光明，但复苏“远未完成”。</b>美联储主席鲍威尔周五表示，虽然美国经济前景“一片光明”，但复苏“远未完成”。</blockquote></p><p> In an op-ed published in the Wall Street Journal,Powell recounted the moment last February when he realized that the coronavirus pandemic would sweep across the country.</p><p><blockquote>在《华尔街日报》发表的一篇专栏文章中，鲍威尔讲述了去年2月他意识到冠状病毒大流行将席卷全国的那一刻。</blockquote></p><p> “The danger to the U.S. economy was grave. The challenge was to limit the severity and duration of the fallout to avoid longer-run damage,” he said.</p><p><blockquote>“美国经济面临的危险是严重的。面临的挑战是限制后果的严重程度和持续时间，以避免长期损害，”他说。</blockquote></p><p> Powell and his colleagues engineered a rapid response to the crisis, based on the lesson learned from slow recovery to the Great Recession of 2008-2009 that swift action might have been better.</p><p><blockquote>鲍威尔和他的同事根据从2008-2009年大衰退的缓慢复苏中吸取的教训，设计了对危机的快速反应，即迅速采取行动可能会更好。</blockquote></p><p> The central bank quickly slashed its policy interest rate to zero and launched an open-ended asset purchase program known as quantitative easing.</p><p><blockquote>央行迅速将政策利率下调至零，并启动了被称为量化宽松的开放式资产购买计划。</blockquote></p><p> With economists penciling in strong growth for 2021 and more Americans getting vaccinated every day, financial markets are wondering how long Fed support will last.</p><p><blockquote>随着经济学家预测2021年将出现强劲增长，每天都有更多的美国人接种疫苗，金融市场想知道美联储的支持将持续多久。</blockquote></p><p> In the op-ed, Powell said the situation “is much improved.”</p><p><blockquote>鲍威尔在专栏中表示，情况“有了很大改善”。</blockquote></p><p> “But the recovery is far from complete, so at the Fed we will continue to provide the economy with the support that it needs for as long as it takes,” Powell said.</p><p><blockquote>鲍威尔表示：“但复苏远未完成，因此美联储将继续为经济提供所需的支持，只要经济需要。”</blockquote></p><p> “I truly believe that we will emerge from this crisis stronger and better, as we have done so often before,” he said.</p><p><blockquote>他说：“我真的相信，我们将从这场危机中变得更强大、更好，就像我们以前经常做的那样。”</blockquote></p><p> On Wednesday, the Fed recommitted to its easy money policy stance at its latest policy meeting despite a forecast for stronger economic growth and higher inflation this year.</p><p><blockquote>周三，美联储在最近的政策会议上再次承诺了宽松的货币政策立场，尽管预计今年经济增长将更加强劲，通胀将上升。</blockquote></p><p> The Fed chairman did not mention the outlook for inflation in his Friday article . Many on Wall Street are worried that the economy will overheat before the Fed pulls back its easy policy stance.</p><p><blockquote>美联储主席在周五的文章中没有提及通胀前景。华尔街许多人担心，在美联储收回宽松政策立场之前，经济会过热。</blockquote></p><p> Yields on the 10-year Treasury noteTMUBMUSD10Y,1.734%have risen to 1.73% this week after starting the year below 1%.</p><p><blockquote>10年期国债TMUBMUSD10Y, 1.734%的收益率在年初低于1%后，本周已升至1.73%。</blockquote></p><p> Stocks were trading lower on Friday, with the Dow Jones Industrial AverageDJIA,-0.71%down 187 points in mid-morning trading.</p><p><blockquote>周五股市走低，道琼斯工业平均指数DJIA在早盘交易中下跌187点，-0.71%。</blockquote></p><p></p>","source":"market_watch","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>Powell says Fed will keep supporting economy ‘for as long as it takes’<blockquote>鲍威尔表示美联储将“只要需要”继续支持经济</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\">\nPowell says Fed will keep supporting economy ‘for as long as it takes’<blockquote>鲍威尔表示美联储将“只要需要”继续支持经济</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">marketwatch</strong><span class=\"h-time small\">2021-03-19 23:12</span>\n</p>\n</h4>\n</header>\n<article>\n<p>  <b>Outlook is brightening, but recovery ‘far from complete,’ Fed chairman says in WSJ op-ed.</b>  Federal Reserve Chairman Jerome Powell on Friday said that while the U.S. economic outlook is “brightening,” the recovery is “far from complete.”</p><p><blockquote><b>美联储主席在《华尔街日报》专栏中表示，前景一片光明，但复苏“远未完成”。</b>美联储主席鲍威尔周五表示，虽然美国经济前景“一片光明”，但复苏“远未完成”。</blockquote></p><p> In an op-ed published in the Wall Street Journal,Powell recounted the moment last February when he realized that the coronavirus pandemic would sweep across the country.</p><p><blockquote>在《华尔街日报》发表的一篇专栏文章中，鲍威尔讲述了去年2月他意识到冠状病毒大流行将席卷全国的那一刻。</blockquote></p><p> “The danger to the U.S. economy was grave. The challenge was to limit the severity and duration of the fallout to avoid longer-run damage,” he said.</p><p><blockquote>“美国经济面临的危险是严重的。面临的挑战是限制后果的严重程度和持续时间，以避免长期损害，”他说。</blockquote></p><p> Powell and his colleagues engineered a rapid response to the crisis, based on the lesson learned from slow recovery to the Great Recession of 2008-2009 that swift action might have been better.</p><p><blockquote>鲍威尔和他的同事根据从2008-2009年大衰退的缓慢复苏中吸取的教训，设计了对危机的快速反应，即迅速采取行动可能会更好。</blockquote></p><p> The central bank quickly slashed its policy interest rate to zero and launched an open-ended asset purchase program known as quantitative easing.</p><p><blockquote>央行迅速将政策利率下调至零，并启动了被称为量化宽松的开放式资产购买计划。</blockquote></p><p> With economists penciling in strong growth for 2021 and more Americans getting vaccinated every day, financial markets are wondering how long Fed support will last.</p><p><blockquote>随着经济学家预测2021年将出现强劲增长，每天都有更多的美国人接种疫苗，金融市场想知道美联储的支持将持续多久。</blockquote></p><p> In the op-ed, Powell said the situation “is much improved.”</p><p><blockquote>鲍威尔在专栏中表示，情况“有了很大改善”。</blockquote></p><p> “But the recovery is far from complete, so at the Fed we will continue to provide the economy with the support that it needs for as long as it takes,” Powell said.</p><p><blockquote>鲍威尔表示：“但复苏远未完成，因此美联储将继续为经济提供所需的支持，只要经济需要。”</blockquote></p><p> “I truly believe that we will emerge from this crisis stronger and better, as we have done so often before,” he said.</p><p><blockquote>他说：“我真的相信，我们将从这场危机中变得更强大、更好，就像我们以前经常做的那样。”</blockquote></p><p> On Wednesday, the Fed recommitted to its easy money policy stance at its latest policy meeting despite a forecast for stronger economic growth and higher inflation this year.</p><p><blockquote>周三，美联储在最近的政策会议上再次承诺了宽松的货币政策立场，尽管预计今年经济增长将更加强劲，通胀将上升。</blockquote></p><p> The Fed chairman did not mention the outlook for inflation in his Friday article . Many on Wall Street are worried that the economy will overheat before the Fed pulls back its easy policy stance.</p><p><blockquote>美联储主席在周五的文章中没有提及通胀前景。华尔街许多人担心，在美联储收回宽松政策立场之前，经济会过热。</blockquote></p><p> Yields on the 10-year Treasury noteTMUBMUSD10Y,1.734%have risen to 1.73% this week after starting the year below 1%.</p><p><blockquote>10年期国债TMUBMUSD10Y, 1.734%的收益率在年初低于1%后，本周已升至1.73%。</blockquote></p><p> Stocks were trading lower on Friday, with the Dow Jones Industrial AverageDJIA,-0.71%down 187 points in mid-morning trading.</p><p><blockquote>周五股市走低，道琼斯工业平均指数DJIA在早盘交易中下跌187点，-0.71%。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/powell-says-fed-will-keep-supporting-economy-for-as-long-as-it-takes-11616165178?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":"","relate_stocks":{},"source_url":"https://www.marketwatch.com/story/powell-says-fed-will-keep-supporting-economy-for-as-long-as-it-takes-11616165178?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1117450855","content_text":"Outlook is brightening, but recovery ‘far from complete,’ Fed chairman says in WSJ op-ed.\n\nFederal Reserve Chairman Jerome Powell on Friday said that while the U.S. economic outlook is “brightening,” the recovery is “far from complete.”\nIn an op-ed published in the Wall Street Journal,Powell recounted the moment last February when he realized that the coronavirus pandemic would sweep across the country.\n“The danger to the U.S. economy was grave. The challenge was to limit the severity and duration of the fallout to avoid longer-run damage,” he said.\nPowell and his colleagues engineered a rapid response to the crisis, based on the lesson learned from slow recovery to the Great Recession of 2008-2009 that swift action might have been better.\nThe central bank quickly slashed its policy interest rate to zero and launched an open-ended asset purchase program known as quantitative easing.\nWith economists penciling in strong growth for 2021 and more Americans getting vaccinated every day, financial markets are wondering how long Fed support will last.\nIn the op-ed, Powell said the situation “is much improved.”\n“But the recovery is far from complete, so at the Fed we will continue to provide the economy with the support that it needs for as long as it takes,” Powell said.\n“I truly believe that we will emerge from this crisis stronger and better, as we have done so often before,” he said.\nOn Wednesday, the Fed recommitted to its easy money policy stance at its latest policy meeting despite a forecast for stronger economic growth and higher inflation this year.\nThe Fed chairman did not mention the outlook for inflation in his Friday article . Many on Wall Street are worried that the economy will overheat before the Fed pulls back its easy policy stance.\nYields on the 10-year Treasury noteTMUBMUSD10Y,1.734%have risen to 1.73% this week after starting the year below 1%.\nStocks were trading lower on Friday, with the Dow Jones Industrial AverageDJIA,-0.71%down 187 points in mid-morning trading.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":399,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":352925011,"gmtCreate":1616867704833,"gmtModify":1634523701965,"author":{"id":"3572418035699527","authorId":"3572418035699527","name":"财神爷爷97","avatar":"https://static.tigerbbs.com/bcb5096bb391a4364a255cfe900aece0","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572418035699527","authorIdStr":"3572418035699527"},"themes":[],"htmlText":"Great stock&nbsp;","listText":"Great stock&nbsp;","text":"Great stock","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":6,"repostSize":0,"link":"https://laohu8.com/post/352925011","repostId":"2122472374","repostType":4,"isVote":1,"tweetType":1,"viewCount":280,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":364502642,"gmtCreate":1614861387686,"gmtModify":1703482103840,"author":{"id":"3572418035699527","authorId":"3572418035699527","name":"财神爷爷97","avatar":"https://static.tigerbbs.com/bcb5096bb391a4364a255cfe900aece0","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572418035699527","authorIdStr":"3572418035699527"},"themes":[],"htmlText":"Failures made Tesla where they are today. Have faith and stay strong 💪🏻!","listText":"Failures made Tesla where they are today. Have faith and stay strong 💪🏻!","text":"Failures made Tesla where they are today. Have faith and stay strong 💪🏻!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":5,"repostSize":0,"link":"https://laohu8.com/post/364502642","repostId":"1104042346","repostType":4,"isVote":1,"tweetType":1,"viewCount":487,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":365843503,"gmtCreate":1614730562202,"gmtModify":1703480360152,"author":{"id":"3572418035699527","authorId":"3572418035699527","name":"财神爷爷97","avatar":"https://static.tigerbbs.com/bcb5096bb391a4364a255cfe900aece0","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572418035699527","authorIdStr":"3572418035699527"},"themes":[],"htmlText":"It’s a healthy pull back. They may missed earnings but their fundamentals are still strong with revenue always beating forecast easily. Low EPS may means that NIO is undergoing major expansion in their business and thus have higher operating cost. Have faith and average on the way down. It will sure be rewarding when the time comes for NIO to shine![鼓掌]&nbsp;","listText":"It’s a healthy pull back. They may missed earnings but their fundamentals are still strong with revenue always beating forecast easily. Low EPS may means that NIO is undergoing major expansion in their business and thus have higher operating cost. Have faith and average on the way down. It will sure be rewarding when the time comes for NIO to shine![鼓掌]&nbsp;","text":"It’s a healthy pull back. They may missed earnings but their fundamentals are still strong with revenue always beating forecast easily. Low EPS may means that NIO is undergoing major expansion in their business and thus have higher operating cost. Have faith and average on the way down. It will sure be rewarding when the time comes for NIO to shine![鼓掌]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":7,"repostSize":0,"link":"https://laohu8.com/post/365843503","repostId":"1122180672","repostType":4,"repost":{"id":"1122180672","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1614697099,"share":"https://www.laohu8.com/m/news/1122180672?lang=zh_CN&edition=full","pubTime":"2021-03-02 22:58","market":"other","language":"en","title":"NIO plunged more than 7%<blockquote>蔚来暴跌超7%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1122180672","media":"老虎资讯综合","summary":"(March 2) NIO Inc.  reported a wider-than-expected loss for its fourth quarter, but issued strong re","content":"<p>(March 2)&nbsp;<a href=\"https://laohu8.com/S/NIO\">NIO Inc.</a>  reported a wider-than-expected loss for its fourth quarter, but issued strong revenue guidance for the first quarter. The EV maker also announced a month-over-month drop in deliveries for February.</p><p><blockquote>（3月2日）<a href=\"https://laohu8.com/S/NIO\">蔚来</a>报告第四季度亏损超出预期，但发布了强劲的第一季度收入指引。这家电动汽车制造商还宣布2月份的交付量环比下降。</blockquote></p><p>NIO plunged more than 7%.<img src=\"https://static.tigerbbs.com/b37a09b32e73be5620e2ffca84d7c7a8\" tg-width=\"1085\" tg-height=\"499\" referrerpolicy=\"no-referrer\"></p><p><blockquote>蔚来暴跌超7%。</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>NIO plunged more than 7%<blockquote>蔚来暴跌超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\">\nNIO plunged more than 7%<blockquote>蔚来暴跌超7%</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\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\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-03-02 22:58</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>(March 2)&nbsp;<a href=\"https://laohu8.com/S/NIO\">NIO Inc.</a>  reported a wider-than-expected loss for its fourth quarter, but issued strong revenue guidance for the first quarter. The EV maker also announced a month-over-month drop in deliveries for February.</p><p><blockquote>（3月2日）<a href=\"https://laohu8.com/S/NIO\">蔚来</a>报告第四季度亏损超出预期，但发布了强劲的第一季度收入指引。这家电动汽车制造商还宣布2月份的交付量环比下降。</blockquote></p><p>NIO plunged more than 7%.<img src=\"https://static.tigerbbs.com/b37a09b32e73be5620e2ffca84d7c7a8\" tg-width=\"1085\" tg-height=\"499\" referrerpolicy=\"no-referrer\"></p><p><blockquote>蔚来暴跌超7%。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1122180672","content_text":"(March 2) NIO Inc.  reported a wider-than-expected loss for its fourth quarter, but issued strong revenue guidance for the first quarter. The EV maker also announced a month-over-month drop in deliveries for February.NIO plunged more than 7%.","news_type":1,"symbols_score_info":{"NIO":0.9}},"isVote":1,"tweetType":1,"viewCount":1796,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":362388430,"gmtCreate":1614597179920,"gmtModify":1703478637139,"author":{"id":"3572418035699527","authorId":"3572418035699527","name":"财神爷爷97","avatar":"https://static.tigerbbs.com/bcb5096bb391a4364a255cfe900aece0","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572418035699527","authorIdStr":"3572418035699527"},"themes":[],"htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/362388430","repostId":"1101482210","repostType":4,"isVote":1,"tweetType":1,"viewCount":365,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":324821333,"gmtCreate":1615984501222,"gmtModify":1703495917191,"author":{"id":"3572418035699527","authorId":"3572418035699527","name":"财神爷爷97","avatar":"https://static.tigerbbs.com/bcb5096bb391a4364a255cfe900aece0","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572418035699527","authorIdStr":"3572418035699527"},"themes":[],"htmlText":"Looking forward for more great news&nbsp;","listText":"Looking forward for more great news&nbsp;","text":"Looking forward for more great news","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":5,"repostSize":0,"link":"https://laohu8.com/post/324821333","repostId":"1117307496","repostType":4,"isVote":1,"tweetType":1,"viewCount":466,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":360411702,"gmtCreate":1613963970606,"gmtModify":1634551739295,"author":{"id":"3572418035699527","authorId":"3572418035699527","name":"财神爷爷97","avatar":"https://static.tigerbbs.com/bcb5096bb391a4364a255cfe900aece0","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572418035699527","authorIdStr":"3572418035699527"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>🚀🚀To the moon baby! 🚀 🚀&nbsp;","listText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>🚀🚀To the moon baby! 🚀 🚀&nbsp;","text":"$Tiger Brokers(TIGR)$🚀🚀To the moon baby! 🚀 🚀","images":[{"img":"https://static.tigerbbs.com/0afc2839e50e8e04a9cbd5b4422884bf","width":"828","height":"1434"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/360411702","isVote":1,"tweetType":1,"viewCount":357,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":157618493,"gmtCreate":1625580128112,"gmtModify":1631883984438,"author":{"id":"3572418035699527","authorId":"3572418035699527","name":"财神爷爷97","avatar":"https://static.tigerbbs.com/bcb5096bb391a4364a255cfe900aece0","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572418035699527","authorIdStr":"3572418035699527"},"themes":[],"htmlText":"One of the main downside of Chinese stocks","listText":"One of the main downside of Chinese stocks","text":"One of the main downside of Chinese stocks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/157618493","repostId":"1191131157","repostType":4,"isVote":1,"tweetType":1,"viewCount":863,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":356160148,"gmtCreate":1616765042184,"gmtModify":1634524126692,"author":{"id":"3572418035699527","authorId":"3572418035699527","name":"财神爷爷97","avatar":"https://static.tigerbbs.com/bcb5096bb391a4364a255cfe900aece0","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572418035699527","authorIdStr":"3572418035699527"},"themes":[],"htmlText":"Is this a bad sign?","listText":"Is this a bad sign?","text":"Is this a bad sign?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/356160148","repostId":"1160686264","repostType":4,"repost":{"id":"1160686264","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1616764648,"share":"https://www.laohu8.com/m/news/1160686264?lang=zh_CN&edition=full","pubTime":"2021-03-26 21:17","market":"us","language":"en","title":"Cathie Wood Cautions Investors Against Transacting With Bitcoin Until Tax Code Is Changed<blockquote>凯西·伍德警告投资者在税法改变之前不要与比特币进行交易</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1160686264","media":"Benzinga","summary":"Earlier this week,Tesla Inc(NASDAQ:TSLA) announced that customers could now buy Tesla with Bitcoin (","content":"<p>Earlier this week,<b>Tesla Inc</b>(NASDAQ:TSLA) announced&nbsp;that customers could now buy Tesla with&nbsp;<b>Bitcoin</b>&nbsp;(CRYPTO: BTC), but Ark Invest's Cathie Wood isn’t so sure investors should use it as a means of payment.</p><p><blockquote>本周早些时候，<b>特斯拉公司</b>（纳斯达克：TSLA）宣布客户现在可以购买特斯拉<b>比特币</b>（加密货币：BTC），但Ark Invest的Cathie Wood不太确定投资者是否应该将其用作支付手段。</blockquote></p><p> <b>What Happened:</b>In a webcast hosted by CBOE, Wood&nbsp;said&nbsp;that those that made profits from Bitcoin’s rally may be the subject of scrutiny by the IRS.</p><p><blockquote><b>发生了什么：</b>伍德在CBOE主持的网络直播中表示，那些从比特币上涨中获利的人可能会受到美国国税局的审查。</blockquote></p><p> The ARK Invest founder explained, \"The IRS has something to say about this, so if you have huge gains in your bitcoin, I don't think I would bear much in the way of transactions until we get maybe some changes on the tax front.”</p><p><blockquote>ARK Invest创始人解释说：“美国国税局对此有话要说，所以如果你的比特币有巨大的收益，我认为我不会在交易方面承担太多责任，直到我们在税收方面做出一些改变。”</blockquote></p><p> <b>Why It Matters:</b>From a tax point of view, the IRS currently treats Bitcoin and other cryptocurrencies as “property,”&nbsp;as they do stocks and bonds. As a result, when investors sell their Bitcoin for fiat currency or use it as a means to purchase another good, they could be subject to massive capital gains taxes.</p><p><blockquote><b>为什么重要：</b>从税收角度来看，美国国税局目前将比特币和其他加密货币视为“财产”，就像对待股票和债券一样。因此，当投资者出售比特币换取法定货币或将其用作购买另一种商品的手段时，他们可能会被征收巨额资本利得税。</blockquote></p><p> Capital gains on taxes on assets that have been held for less than a year are taxed the same&nbsp;as a person’s “other income,”&nbsp;while assets that are held for longer than this period would be subject to long-term capital gains taxes ranging from 15-20%.</p><p><blockquote>持有时间不到一年的资产的资本利得税与个人的“其他收入”相同，而持有时间超过这一期限的资产将被征收15-20%的长期资本利得税。</blockquote></p><p> While this would make any Tesla purchases with Bitcoin somewhat unfavorable for those that bought the cryptocurrency last year, more recent investors may actually benefit from the current rules.</p><p><blockquote>虽然这将使比特币的任何特斯拉购买对去年购买加密货币的人来说有些不利，但最近的投资者实际上可能会从当前的规则中受益。</blockquote></p><p> For instance, if an investor purchased the leading cryptocurrency&nbsp;at a higher price than its current value, he or she could actually report a loss and receive a tax deduction for the value of the asset.</p><p><blockquote>例如，如果投资者以高于当前价值的价格购买了领先的加密货币，他或她实际上可以报告损失并获得资产价值的税收减免。</blockquote></p><p> <b>Price Action:</b>After a volatile week, Bitcoin price recovered from yesterday's low of&nbsp;$50,856&nbsp;to $53,900 today. At press time, the cryptocurrency was trading at $53,223, according to data from CoinMarketCap.</p><p><blockquote><b>价格走势：</b>经过动荡的一周后，比特币价格从昨天的低点50,856美元回升至今天的53,900美元。根据CoinMarketCap的数据，截至发稿时，该加密货币的交易价格为53,223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>Cathie Wood Cautions Investors Against Transacting With Bitcoin Until Tax Code Is Changed<blockquote>凯西·伍德警告投资者在税法改变之前不要与比特币进行交易</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\">\nCathie Wood Cautions Investors Against Transacting With Bitcoin Until Tax Code Is Changed<blockquote>凯西·伍德警告投资者在税法改变之前不要与比特币进行交易</blockquote>\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time smaller\">2021-03-26 21:17</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p>Earlier this week,<b>Tesla Inc</b>(NASDAQ:TSLA) announced&nbsp;that customers could now buy Tesla with&nbsp;<b>Bitcoin</b>&nbsp;(CRYPTO: BTC), but Ark Invest's Cathie Wood isn’t so sure investors should use it as a means of payment.</p><p><blockquote>本周早些时候，<b>特斯拉公司</b>（纳斯达克：TSLA）宣布客户现在可以购买特斯拉<b>比特币</b>（加密货币：BTC），但Ark Invest的Cathie Wood不太确定投资者是否应该将其用作支付手段。</blockquote></p><p> <b>What Happened:</b>In a webcast hosted by CBOE, Wood&nbsp;said&nbsp;that those that made profits from Bitcoin’s rally may be the subject of scrutiny by the IRS.</p><p><blockquote><b>发生了什么：</b>伍德在CBOE主持的网络直播中表示，那些从比特币上涨中获利的人可能会受到美国国税局的审查。</blockquote></p><p> The ARK Invest founder explained, \"The IRS has something to say about this, so if you have huge gains in your bitcoin, I don't think I would bear much in the way of transactions until we get maybe some changes on the tax front.”</p><p><blockquote>ARK Invest创始人解释说：“美国国税局对此有话要说，所以如果你的比特币有巨大的收益，我认为我不会在交易方面承担太多责任，直到我们在税收方面做出一些改变。”</blockquote></p><p> <b>Why It Matters:</b>From a tax point of view, the IRS currently treats Bitcoin and other cryptocurrencies as “property,”&nbsp;as they do stocks and bonds. As a result, when investors sell their Bitcoin for fiat currency or use it as a means to purchase another good, they could be subject to massive capital gains taxes.</p><p><blockquote><b>为什么重要：</b>从税收角度来看，美国国税局目前将比特币和其他加密货币视为“财产”，就像对待股票和债券一样。因此，当投资者出售比特币换取法定货币或将其用作购买另一种商品的手段时，他们可能会被征收巨额资本利得税。</blockquote></p><p> Capital gains on taxes on assets that have been held for less than a year are taxed the same&nbsp;as a person’s “other income,”&nbsp;while assets that are held for longer than this period would be subject to long-term capital gains taxes ranging from 15-20%.</p><p><blockquote>持有时间不到一年的资产的资本利得税与个人的“其他收入”相同，而持有时间超过这一期限的资产将被征收15-20%的长期资本利得税。</blockquote></p><p> While this would make any Tesla purchases with Bitcoin somewhat unfavorable for those that bought the cryptocurrency last year, more recent investors may actually benefit from the current rules.</p><p><blockquote>虽然这将使比特币的任何特斯拉购买对去年购买加密货币的人来说有些不利，但最近的投资者实际上可能会从当前的规则中受益。</blockquote></p><p> For instance, if an investor purchased the leading cryptocurrency&nbsp;at a higher price than its current value, he or she could actually report a loss and receive a tax deduction for the value of the asset.</p><p><blockquote>例如，如果投资者以高于当前价值的价格购买了领先的加密货币，他或她实际上可以报告损失并获得资产价值的税收减免。</blockquote></p><p> <b>Price Action:</b>After a volatile week, Bitcoin price recovered from yesterday's low of&nbsp;$50,856&nbsp;to $53,900 today. At press time, the cryptocurrency was trading at $53,223, according to data from CoinMarketCap.</p><p><blockquote><b>价格走势：</b>经过动荡的一周后，比特币价格从昨天的低点50,856美元回升至今天的53,900美元。根据CoinMarketCap的数据，截至发稿时，该加密货币的交易价格为53,223美元。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ARKG":"ARK Genomic Revolution ETF","GBTC":"比特币ETF-Grayscale","ARKK":"ARK Innovation ETF"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1160686264","content_text":"Earlier this week,Tesla Inc(NASDAQ:TSLA) announced that customers could now buy Tesla with Bitcoin (CRYPTO: BTC), but Ark Invest's Cathie Wood isn’t so sure investors should use it as a means of payment.\nWhat Happened:In a webcast hosted by CBOE, Wood said that those that made profits from Bitcoin’s rally may be the subject of scrutiny by the IRS.\nThe ARK Invest founder explained, \"The IRS has something to say about this, so if you have huge gains in your bitcoin, I don't think I would bear much in the way of transactions until we get maybe some changes on the tax front.”\nWhy It Matters:From a tax point of view, the IRS currently treats Bitcoin and other cryptocurrencies as “property,” as they do stocks and bonds. As a result, when investors sell their Bitcoin for fiat currency or use it as a means to purchase another good, they could be subject to massive capital gains taxes.\nCapital gains on taxes on assets that have been held for less than a year are taxed the same as a person’s “other income,” while assets that are held for longer than this period would be subject to long-term capital gains taxes ranging from 15-20%.\nWhile this would make any Tesla purchases with Bitcoin somewhat unfavorable for those that bought the cryptocurrency last year, more recent investors may actually benefit from the current rules.\nFor instance, if an investor purchased the leading cryptocurrency at a higher price than its current value, he or she could actually report a loss and receive a tax deduction for the value of the asset.\nPrice Action:After a volatile week, Bitcoin price recovered from yesterday's low of $50,856 to $53,900 today. At press time, the cryptocurrency was trading at $53,223, according to data from CoinMarketCap.","news_type":1,"symbols_score_info":{"XBTmain":0.9,"GBTC":0.9,"ARKG":0.9,"BTCmain":0.9,"ARKK":0.9}},"isVote":1,"tweetType":1,"viewCount":651,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":328696841,"gmtCreate":1615517663483,"gmtModify":1703490317898,"author":{"id":"3572418035699527","authorId":"3572418035699527","name":"财神爷爷97","avatar":"https://static.tigerbbs.com/bcb5096bb391a4364a255cfe900aece0","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572418035699527","authorIdStr":"3572418035699527"},"themes":[],"htmlText":"Good to be back in greens","listText":"Good to be back in greens","text":"Good to be back in greens","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/328696841","repostId":"1144029837","repostType":4,"repost":{"id":"1144029837","kind":"news","pubTimestamp":1615513990,"share":"https://www.laohu8.com/m/news/1144029837?lang=zh_CN&edition=full","pubTime":"2021-03-12 09:53","market":"sg","language":"en","title":"The Nasdaq's Back, and These 3 Stocks Are Flying High Again<blockquote>纳斯达克回来了，这3只股票又高飞了</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1144029837","media":"Nasdaq","summary":"The stock market has been going through a lot of volatility lately, and theNasdaq Composite(NASDAQIN","content":"<p>The stock market has been going through a lot of volatility lately, and the<b>Nasdaq Composite</b>(NASDAQINDEX: ^IXIC)has found itself on the short end of the stick. Yet on Thursday, the Nasdaq is holding its own again. In fact, as of 1:45 p.m. EST today, the growth-stock benchmark had managed to gain more than 2.5%, leading the rest of the market higher.</p><p><blockquote>股市最近经历了很大的波动，<b>纳斯达克复合材料</b>（纳斯达克指数：^IXIC）发现自己处于劣势。然而周四，纳斯达克又坚持了下来。事实上，截至下午1:45美国东部时间今天，成长型股票基准涨幅超过2.5%，引领市场其他股票走高。</blockquote></p><p>A lot of well-knowngrowth stockshave taken a lot of punishment in recent weeks, as investors suffered a crisis of confidence in the prospects for many promising companies. On Thursday, though, things seemed to be turning around. In particular, shares of<b><a href=\"https://laohu8.com/S/MELI\">MercadoLibre</a></b>(NASDAQ: MELI),<b>Okta</b>(NASDAQ: OKTA), and<b><a href=\"https://laohu8.com/S/PYPL\">PayPal</a> Holdings</b>(NASDAQ: PYPL)are outpacing the Nasdaq's gains and aiming to bounce back fully from their setbacks in late February and earlier this month.</p><p><blockquote>最近几周，许多知名成长型股票受到了很大的惩罚，因为投资者对许多有前途的公司的前景遭遇了信心危机。然而，周四，情况似乎有所好转。特别是，<b><a href=\"https://laohu8.com/S/MELI\">自由市场</a></b>（纳斯达克：MELI），<b>奥克塔</b>（纳斯达克：OKTA），以及<b><a href=\"https://laohu8.com/S/PYPL\">PayPal</a>控股</b>（纳斯达克：PYPL）的涨幅超过了纳斯达克，并计划从二月底和本月初的挫折中全面反弹。</blockquote></p><p><b>MercadoLibre's back in business</b></p><p><blockquote><b>MercadoLibre重新开业</b></blockquote></p><p>Less than a week ago, shares of MercadoLibre were down as much as 30% from their highs from earlier this year. Yet they've bounced back considerably, with today's nearly 10% gain helping to claw back lost ground.</p><p><blockquote>不到一周前，MercadoLibre的股价较今年早些时候的高点下跌了30%。然而，它们已经大幅反弹，今天近10%的涨幅有助于收复失地。</blockquote></p><p>The Latin American e-commerce specialist got a vote of confidence from analysts at BTIG on Thursday. They upgraded the stock from neutral to buy and set a price target of $1,720 per share. That provides MercadoLibre with additional upside of another 10% even from this afternoon's elevated price levels.</p><p><blockquote>周四，这位拉丁美洲电子商务专家获得了BTIG分析师的信任票。他们将该股评级从中性上调至买入，并将目标价定为每股1720美元。即使在今天下午较高的价格水平上，这也为MercadoLibre提供了10%的额外上涨空间。</blockquote></p><p>BTIG likes the strategy that MercadoLibre has been following, especially given the way that it has been able to add in ancillary services to its core e-commerce marketplace. The Mercado Pago payment network has been a hit all on its own, and it's generating considerable traffic from outside the MercadoLibre ecosystem. It also appears that the company is gaining market share overall from other players in the key Brazilian market.</p><p><blockquote>BTIG喜欢MercadoLibre一直遵循的战略，特别是考虑到它能够在其核心电子商务市场中添加辅助服务的方式。Mercado Pago支付网络本身就大受欢迎，它从MercadoLibre生态系统之外产生了大量流量。该公司似乎也正在从巴西主要市场的其他参与者那里获得整体市场份额。</blockquote></p><p><b>Investors might like Okta's big buy after all</b></p><p><blockquote><b>毕竟投资者可能会喜欢Okta的大举买入</b></blockquote></p><p>Shares of Okta were up 8%, continuing an advance that has taken the cyber-identity specialist's stock up about 20% from its recent lows. The stock was down as much as 30%, but fundamentally, Okta looks like it's doing things right.</p><p><blockquote>Okta股价上涨8%，继续上涨，使这家网络身份专家的股价较近期低点上涨约20%。该股下跌了30%，但从根本上说，Okta看起来做得很好。</blockquote></p><p>The company originally lost ground when it reported fourth-quarter financial results last week. Despite year-over-year revenue gains of 40% and a modest profit for the period, investors weren't sure how to take guidance that suggested somewhat slower revenue growth and a possible loss.</p><p><blockquote>该公司在上周公布第四季度财务业绩时最初下跌。尽管该期间收入同比增长40%且利润不大，但投资者不确定如何接受暗示收入增长放缓和可能亏损的指引。</blockquote></p><p>Also raising a few questions wasOkta's $6.5 billion acquisition bidfor privately held Auth0, which focuses on customer identity management. That's a growth area, and some have said that the Auth0 product actually has some advantages over Okta's competing offering that made a buyout a win-win for Okta. Yet when the market was losing faith in growth stocks, it seemed like an ill-timed foray.</p><p><blockquote>Sokta以65亿美元收购专注于客户身份管理的私营Auth0也引发了一些问题。这是一个增长领域，有人说Auth0产品实际上比Okta的竞争产品有一些优势，这使得收购对Okta来说是双赢的。然而，当市场对成长型股票失去信心时，这似乎是一次不合时宜的尝试。</blockquote></p><p>It's clear, though, that Okta isn't going to have any shortage of clients looking for identity verification services. That awareness is lifting the stock once again, and it could help build more momentum for Okta in the long run.</p><p><blockquote>不过，很明显，Okta不会缺少寻求身份验证服务的客户。这种意识再次提振了该股，从长远来看，它可能有助于为Okta建立更多动力。</blockquote></p><p><b>Paying the piper</b></p><p><blockquote><b>付钱给风笛手</b></blockquote></p><p>Lastly, shares of PayPal Holdings gained about 5%. The payment network specialist has taken a 25% hit, but it's rising on a number of strategic moves.</p><p><blockquote>最后，PayPal控股股价上涨约5%。这家支付网络专家遭受了25%的打击，但通过一系列战略举措，其业绩正在上升。</blockquote></p><p>First,PayPal recently finalized its agreement to buy Curv, a cryptocurrency security company. Crypto has been a big business for PayPal since late last year, when it started offering select tokens through its app. With crypto prices back near record levels, investors are excited about the potential for PayPal to keep competing effectively in the space.</p><p><blockquote>首先，PayPal最近敲定了收购加密货币安全公司Curv的协议。自去年年底开始通过其应用程序提供精选代币以来，加密货币一直是PayPal的一项大业务。随着加密货币价格回到创纪录水平附近，投资者对PayPal在该领域保持有效竞争的潜力感到兴奋。</blockquote></p><p>Meanwhile, PayPal has also embraced efforts to allow customers to make purchases using short-term installment plans, breaking up purchase prices into four payments. PayPal'sPay in 4service isn't the only <a href=\"https://laohu8.com/S/AONE.U\">one</a> in the business, but it represents the company's competitive entry into the space. Together, all these factors are making people feel good about PayPal once again.</p><p><blockquote>与此同时，PayPal还努力允许客户使用短期分期付款计划进行购买，将购买价格分为四次付款。PayPal在4service中的薪资并不是唯一的<a href=\"https://laohu8.com/S/AONE.U\">一</a>在业务中，但它代表了公司进入该领域的竞争力。所有这些因素加在一起，让人们再次对PayPal感到良好。</blockquote></p><p><b>Ride the wave</b></p><p><blockquote><b>乘风破浪</b></blockquote></p><p>Volatility is hard to endure, but selling at lows rarely works out. The recent gains in PayPal, Okta, and MercadoLibre show that strong businesses can bounce back from adversity and reward shareholders who stay the course.</p><p><blockquote>波动很难忍受，但在低点卖出很少奏效。PayPal、Okta和MercadoLibre最近的上涨表明，强大的企业可以从逆境中反弹，并奖励坚持到底的股东。</blockquote></p><p></p>","source":"lsy1603171495471","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The Nasdaq's Back, and These 3 Stocks Are Flying High Again<blockquote>纳斯达克回来了，这3只股票又高飞了</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe Nasdaq's Back, and These 3 Stocks Are Flying High Again<blockquote>纳斯达克回来了，这3只股票又高飞了</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Nasdaq</strong><span class=\"h-time small\">2021-03-12 09:53</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The stock market has been going through a lot of volatility lately, and the<b>Nasdaq Composite</b>(NASDAQINDEX: ^IXIC)has found itself on the short end of the stick. Yet on Thursday, the Nasdaq is holding its own again. In fact, as of 1:45 p.m. EST today, the growth-stock benchmark had managed to gain more than 2.5%, leading the rest of the market higher.</p><p><blockquote>股市最近经历了很大的波动，<b>纳斯达克复合材料</b>（纳斯达克指数：^IXIC）发现自己处于劣势。然而周四，纳斯达克又坚持了下来。事实上，截至下午1:45美国东部时间今天，成长型股票基准涨幅超过2.5%，引领市场其他股票走高。</blockquote></p><p>A lot of well-knowngrowth stockshave taken a lot of punishment in recent weeks, as investors suffered a crisis of confidence in the prospects for many promising companies. On Thursday, though, things seemed to be turning around. In particular, shares of<b><a href=\"https://laohu8.com/S/MELI\">MercadoLibre</a></b>(NASDAQ: MELI),<b>Okta</b>(NASDAQ: OKTA), and<b><a href=\"https://laohu8.com/S/PYPL\">PayPal</a> Holdings</b>(NASDAQ: PYPL)are outpacing the Nasdaq's gains and aiming to bounce back fully from their setbacks in late February and earlier this month.</p><p><blockquote>最近几周，许多知名成长型股票受到了很大的惩罚，因为投资者对许多有前途的公司的前景遭遇了信心危机。然而，周四，情况似乎有所好转。特别是，<b><a href=\"https://laohu8.com/S/MELI\">自由市场</a></b>（纳斯达克：MELI），<b>奥克塔</b>（纳斯达克：OKTA），以及<b><a href=\"https://laohu8.com/S/PYPL\">PayPal</a>控股</b>（纳斯达克：PYPL）的涨幅超过了纳斯达克，并计划从二月底和本月初的挫折中全面反弹。</blockquote></p><p><b>MercadoLibre's back in business</b></p><p><blockquote><b>MercadoLibre重新开业</b></blockquote></p><p>Less than a week ago, shares of MercadoLibre were down as much as 30% from their highs from earlier this year. Yet they've bounced back considerably, with today's nearly 10% gain helping to claw back lost ground.</p><p><blockquote>不到一周前，MercadoLibre的股价较今年早些时候的高点下跌了30%。然而，它们已经大幅反弹，今天近10%的涨幅有助于收复失地。</blockquote></p><p>The Latin American e-commerce specialist got a vote of confidence from analysts at BTIG on Thursday. They upgraded the stock from neutral to buy and set a price target of $1,720 per share. That provides MercadoLibre with additional upside of another 10% even from this afternoon's elevated price levels.</p><p><blockquote>周四，这位拉丁美洲电子商务专家获得了BTIG分析师的信任票。他们将该股评级从中性上调至买入，并将目标价定为每股1720美元。即使在今天下午较高的价格水平上，这也为MercadoLibre提供了10%的额外上涨空间。</blockquote></p><p>BTIG likes the strategy that MercadoLibre has been following, especially given the way that it has been able to add in ancillary services to its core e-commerce marketplace. The Mercado Pago payment network has been a hit all on its own, and it's generating considerable traffic from outside the MercadoLibre ecosystem. It also appears that the company is gaining market share overall from other players in the key Brazilian market.</p><p><blockquote>BTIG喜欢MercadoLibre一直遵循的战略，特别是考虑到它能够在其核心电子商务市场中添加辅助服务的方式。Mercado Pago支付网络本身就大受欢迎，它从MercadoLibre生态系统之外产生了大量流量。该公司似乎也正在从巴西主要市场的其他参与者那里获得整体市场份额。</blockquote></p><p><b>Investors might like Okta's big buy after all</b></p><p><blockquote><b>毕竟投资者可能会喜欢Okta的大举买入</b></blockquote></p><p>Shares of Okta were up 8%, continuing an advance that has taken the cyber-identity specialist's stock up about 20% from its recent lows. The stock was down as much as 30%, but fundamentally, Okta looks like it's doing things right.</p><p><blockquote>Okta股价上涨8%，继续上涨，使这家网络身份专家的股价较近期低点上涨约20%。该股下跌了30%，但从根本上说，Okta看起来做得很好。</blockquote></p><p>The company originally lost ground when it reported fourth-quarter financial results last week. Despite year-over-year revenue gains of 40% and a modest profit for the period, investors weren't sure how to take guidance that suggested somewhat slower revenue growth and a possible loss.</p><p><blockquote>该公司在上周公布第四季度财务业绩时最初下跌。尽管该期间收入同比增长40%且利润不大，但投资者不确定如何接受暗示收入增长放缓和可能亏损的指引。</blockquote></p><p>Also raising a few questions wasOkta's $6.5 billion acquisition bidfor privately held Auth0, which focuses on customer identity management. That's a growth area, and some have said that the Auth0 product actually has some advantages over Okta's competing offering that made a buyout a win-win for Okta. Yet when the market was losing faith in growth stocks, it seemed like an ill-timed foray.</p><p><blockquote>Sokta以65亿美元收购专注于客户身份管理的私营Auth0也引发了一些问题。这是一个增长领域，有人说Auth0产品实际上比Okta的竞争产品有一些优势，这使得收购对Okta来说是双赢的。然而，当市场对成长型股票失去信心时，这似乎是一次不合时宜的尝试。</blockquote></p><p>It's clear, though, that Okta isn't going to have any shortage of clients looking for identity verification services. That awareness is lifting the stock once again, and it could help build more momentum for Okta in the long run.</p><p><blockquote>不过，很明显，Okta不会缺少寻求身份验证服务的客户。这种意识再次提振了该股，从长远来看，它可能有助于为Okta建立更多动力。</blockquote></p><p><b>Paying the piper</b></p><p><blockquote><b>付钱给风笛手</b></blockquote></p><p>Lastly, shares of PayPal Holdings gained about 5%. The payment network specialist has taken a 25% hit, but it's rising on a number of strategic moves.</p><p><blockquote>最后，PayPal控股股价上涨约5%。这家支付网络专家遭受了25%的打击，但通过一系列战略举措，其业绩正在上升。</blockquote></p><p>First,PayPal recently finalized its agreement to buy Curv, a cryptocurrency security company. Crypto has been a big business for PayPal since late last year, when it started offering select tokens through its app. With crypto prices back near record levels, investors are excited about the potential for PayPal to keep competing effectively in the space.</p><p><blockquote>首先，PayPal最近敲定了收购加密货币安全公司Curv的协议。自去年年底开始通过其应用程序提供精选代币以来，加密货币一直是PayPal的一项大业务。随着加密货币价格回到创纪录水平附近，投资者对PayPal在该领域保持有效竞争的潜力感到兴奋。</blockquote></p><p>Meanwhile, PayPal has also embraced efforts to allow customers to make purchases using short-term installment plans, breaking up purchase prices into four payments. PayPal'sPay in 4service isn't the only <a href=\"https://laohu8.com/S/AONE.U\">one</a> in the business, but it represents the company's competitive entry into the space. Together, all these factors are making people feel good about PayPal once again.</p><p><blockquote>与此同时，PayPal还努力允许客户使用短期分期付款计划进行购买，将购买价格分为四次付款。PayPal在4service中的薪资并不是唯一的<a href=\"https://laohu8.com/S/AONE.U\">一</a>在业务中，但它代表了公司进入该领域的竞争力。所有这些因素加在一起，让人们再次对PayPal感到良好。</blockquote></p><p><b>Ride the wave</b></p><p><blockquote><b>乘风破浪</b></blockquote></p><p>Volatility is hard to endure, but selling at lows rarely works out. The recent gains in PayPal, Okta, and MercadoLibre show that strong businesses can bounce back from adversity and reward shareholders who stay the course.</p><p><blockquote>波动很难忍受，但在低点卖出很少奏效。PayPal、Okta和MercadoLibre最近的上涨表明，强大的企业可以从逆境中反弹，并奖励坚持到底的股东。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.nasdaq.com/articles/the-nasdaqs-back-and-these-3-stocks-are-flying-high-again-2021-03-11\">Nasdaq</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MELI":"MercadoLibre","PYPL":"PayPal","OKTA":"Okta Inc."},"source_url":"https://www.nasdaq.com/articles/the-nasdaqs-back-and-these-3-stocks-are-flying-high-again-2021-03-11","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1144029837","content_text":"The stock market has been going through a lot of volatility lately, and theNasdaq Composite(NASDAQINDEX: ^IXIC)has found itself on the short end of the stick. Yet on Thursday, the Nasdaq is holding its own again. In fact, as of 1:45 p.m. EST today, the growth-stock benchmark had managed to gain more than 2.5%, leading the rest of the market higher.A lot of well-knowngrowth stockshave taken a lot of punishment in recent weeks, as investors suffered a crisis of confidence in the prospects for many promising companies. On Thursday, though, things seemed to be turning around. In particular, shares ofMercadoLibre(NASDAQ: MELI),Okta(NASDAQ: OKTA), andPayPal Holdings(NASDAQ: PYPL)are outpacing the Nasdaq's gains and aiming to bounce back fully from their setbacks in late February and earlier this month.MercadoLibre's back in businessLess than a week ago, shares of MercadoLibre were down as much as 30% from their highs from earlier this year. Yet they've bounced back considerably, with today's nearly 10% gain helping to claw back lost ground.The Latin American e-commerce specialist got a vote of confidence from analysts at BTIG on Thursday. They upgraded the stock from neutral to buy and set a price target of $1,720 per share. That provides MercadoLibre with additional upside of another 10% even from this afternoon's elevated price levels.BTIG likes the strategy that MercadoLibre has been following, especially given the way that it has been able to add in ancillary services to its core e-commerce marketplace. The Mercado Pago payment network has been a hit all on its own, and it's generating considerable traffic from outside the MercadoLibre ecosystem. It also appears that the company is gaining market share overall from other players in the key Brazilian market.Investors might like Okta's big buy after allShares of Okta were up 8%, continuing an advance that has taken the cyber-identity specialist's stock up about 20% from its recent lows. The stock was down as much as 30%, but fundamentally, Okta looks like it's doing things right.The company originally lost ground when it reported fourth-quarter financial results last week. Despite year-over-year revenue gains of 40% and a modest profit for the period, investors weren't sure how to take guidance that suggested somewhat slower revenue growth and a possible loss.Also raising a few questions wasOkta's $6.5 billion acquisition bidfor privately held Auth0, which focuses on customer identity management. That's a growth area, and some have said that the Auth0 product actually has some advantages over Okta's competing offering that made a buyout a win-win for Okta. Yet when the market was losing faith in growth stocks, it seemed like an ill-timed foray.It's clear, though, that Okta isn't going to have any shortage of clients looking for identity verification services. That awareness is lifting the stock once again, and it could help build more momentum for Okta in the long run.Paying the piperLastly, shares of PayPal Holdings gained about 5%. The payment network specialist has taken a 25% hit, but it's rising on a number of strategic moves.First,PayPal recently finalized its agreement to buy Curv, a cryptocurrency security company. Crypto has been a big business for PayPal since late last year, when it started offering select tokens through its app. With crypto prices back near record levels, investors are excited about the potential for PayPal to keep competing effectively in the space.Meanwhile, PayPal has also embraced efforts to allow customers to make purchases using short-term installment plans, breaking up purchase prices into four payments. PayPal'sPay in 4service isn't the only one in the business, but it represents the company's competitive entry into the space. Together, all these factors are making people feel good about PayPal once again.Ride the waveVolatility is hard to endure, but selling at lows rarely works out. The recent gains in PayPal, Okta, and MercadoLibre show that strong businesses can bounce back from adversity and reward shareholders who stay the course.","news_type":1,"symbols_score_info":{"PYPL":0.9,"OKTA":0.9,"MELI":0.9}},"isVote":1,"tweetType":1,"viewCount":490,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":342214134,"gmtCreate":1618221307628,"gmtModify":1634294360977,"author":{"id":"3572418035699527","authorId":"3572418035699527","name":"财神爷爷97","avatar":"https://static.tigerbbs.com/bcb5096bb391a4364a255cfe900aece0","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572418035699527","authorIdStr":"3572418035699527"},"themes":[],"htmlText":"👍🏻","listText":"👍🏻","text":"👍🏻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/342214134","repostId":"1136857956","repostType":4,"isVote":1,"tweetType":1,"viewCount":444,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":353591119,"gmtCreate":1616506680431,"gmtModify":1634525474609,"author":{"id":"3572418035699527","authorId":"3572418035699527","name":"财神爷爷97","avatar":"https://static.tigerbbs.com/bcb5096bb391a4364a255cfe900aece0","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572418035699527","authorIdStr":"3572418035699527"},"themes":[],"htmlText":"Healthy correction","listText":"Healthy correction","text":"Healthy correction","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/353591119","repostId":"1153771573","repostType":4,"repost":{"id":"1153771573","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":1616506331,"share":"https://www.laohu8.com/m/news/1153771573?lang=zh_CN&edition=full","pubTime":"2021-03-23 21:32","market":"us","language":"en","title":"S&P 500 falls slightly as bull market turns one year old, Nasdaq is flat.<blockquote>牛市一周年之际，标普500小幅下跌，纳斯达克持平。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1153771573","media":"Tiger Newspress","summary":"U.S. stocks dipped on Tuesday, one year after the bull market from the pandemic lows began as invest","content":"<p>U.S. stocks dipped on Tuesday, one year after the bull market from the pandemic lows began as investors took some profits in shares that will benefit most from the reopening of the economy.</p><p><blockquote>美国股市周二下跌，一年前，从大流行低点开始的牛市开始，因为投资者在将从经济重新开放中受益最多的股票中获利了结。</blockquote></p><p>The S&amp;P 500 fell 0.2%, while the Dow Jones Industrial Average shed 104points. The tech-heavy Nasdaq Composite traded near the flatline.</p><p><blockquote>标普500下跌0.2%，道琼斯工业平均指数下跌104点。以科技股为主的纳斯达克综合指数在持平线附近交易。</blockquote></p><p><img src=\"https://static.tigerbbs.com/50b999a4eca950348b4ba5e25dd57675\" tg-width=\"1075\" tg-height=\"396\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>Shares of Carnival and Norwegian cruise lines fell more than 1% each. American Airlines and United Airlines fell about 2% apiece. Brick-and-mortar retailer Gap also fell slightly.</p><p><blockquote>嘉年华和挪威邮轮公司的股价均下跌超过1%。美国航空和联合航空各下跌约2%。实体零售商Gap也小幅下跌。</blockquote></p><p>ViacomCBS, one of the top performers in the S&amp;P 500 since the pandemic lows, lost 3% after saying it would offer more stock for sale. The shares are up more than 700% since last March.</p><p><blockquote>ViacomCBS是自疫情低点以来标普500表现最好的公司之一，在表示将出售更多股票后，该公司股价下跌3%。自去年3月以来，该股已上涨超过700%。</blockquote></p><p>Tuesday marks the&nbsp;one-year anniversary of the market's bottom&nbsp;as the coronavirus pandemic sent stocks tumbling 30% at the fastest pace on record. Since the low on March 23, both the S&amp;P 500 and Dow have advanced more than 75%. The Nasdaq Composite is up more than 90%, while the Russell 2000 has surged 126%.</p><p><blockquote>周二是市场触底一周年纪念日，冠状病毒大流行导致股市以有记录以来最快的速度暴跌30%。自3月23日低点以来，标普500和道指均上涨了75%以上。纳斯达克综合指数上涨超过90%，而罗素2000指数则飙升126%。</blockquote></p><p>\"Things have come full circle now, as stocks have staged a furious rally, with new highs happening across the globe as the economy recovers at a record pace,\" noted Ryan Detrick, chief market strategist at LPL Financial.</p><p><blockquote>LPL Financial首席市场策略师瑞安·德特里克(Ryan Detrick)表示：“现在事情又回到了原点，股市出现了强劲反弹，随着经济以创纪录的速度复苏，全球各地都创下了新高。”</blockquote></p><p>\"This bull market is off to an amazing start, but it is important to remember it is still young. While a pick-up in volatility would be normal as this stage of a strong bull market, we think suitable investors may want to consider buying the dip. Vaccine distribution, fiscal and monetary stimulus, and a robust economic recovery all have our confidence high,\" he added.</p><p><blockquote>“这次牛市有了一个惊人的开始，但重要的是要记住它还很年轻。虽然在强劲牛市的这个阶段，波动性回升是正常的，但我们认为合适的投资者可能会考虑逢低买入。疫苗分发、财政和货币刺激以及强劲的经济复苏都让我们充满信心，”他补充道。</blockquote></p><p>On the pandemic front, a U.S. health agency expressed concern Tuesday that&nbsp;AstraZeneca&nbsp;may have included&nbsp;outdated information&nbsp;in trial results&nbsp;of its Covid-19 vaccine.</p><p><blockquote>在大流行方面，美国卫生机构周二对阿斯利康可能在其Covid-19疫苗的试验结果中包含了过时的信息表示担忧。</blockquote></p><p>The U.S. is administering about 2.5 million Covid vaccine shots every day. However, the number of&nbsp;new cases is increasing in 21 states&nbsp;as highly infectious variants spread and governors relax restrictions on businesses.</p><p><blockquote>美国每天注射约250万剂Covid疫苗。然而，随着高传染性变种的传播以及州长放松对企业的限制，21个州的新增病例数量正在增加。</blockquote></p><p>The Dow finished Monday’s session 103 points higher, for a gain of 0.32%. The S&amp;P 500 broke a two-day losing streak and advanced 0.7%. The Nasdaq Composite was the relative outperformer, jumping 1.23% for its fifth positive session in six.</p><p><blockquote>道指周一收盘上涨103点，涨幅为0.32%。标普500打破两日连跌，上涨0.7%。纳斯达克综合指数相对跑赢大盘，上涨1.23%，为六个交易日中第五个上涨。</blockquote></p><p>The gains came as the&nbsp;10-year Treasury&nbsp;yield retreated, after touching a 14-month high last week. The 10-year yield was falling again on Tuesday, but that failed to boost stock futures.</p><p><blockquote>上涨之际，10年期国债收益率在上周触及14个月高点后回落。周二，10年期国债收益率再次下跌，但未能提振股指期货。</blockquote></p><p>“While the rise in yields has created volatility, we don’t expect it to derail the equity rally,” noted Mark Haefele, chief investment officer at UBS Global Wealth Management. “We believe rising yields reflect growth optimism and expectations for higher inflation.”</p><p><blockquote>瑞银全球财富管理首席投资官马克·海菲尔指出：“虽然收益率上升造成了波动，但我们预计它不会破坏股市反弹。”“我们认为收益率上升反映了增长乐观情绪和对通胀上升的预期。”</blockquote></p><p>On Tuesday Fed Chairman Jerome Powell and Treasury Secretary Janet Yellen will make their first joint appearance before the U.S. House Committee on Financial Services. The discussion will center on the oversight of the Treasury’s and Federal Reserve’s pandemic response.</p><p><blockquote>周二，美联储主席杰罗姆·鲍威尔和财政部长珍妮特·耶伦将首次联合出席美国众议院金融服务委员会。讨论将集中在对财政部和美联储疫情应对措施的监督上。</blockquote></p><p>In prepared remarks published ahead of the hearing, Powell noted that the recovery is gaining steam, before adding there’s still a long way to go.</p><p><blockquote>鲍威尔在听证会前发表的准备好的讲话中指出，复苏正在获得动力，但他补充说还有很长的路要走。</blockquote></p><p>“The recovery has progressed more quickly than generally expected and looks to be strengthening. This is due in significant part to the unprecedented fiscal and monetary policy actions ... which provided essential support to households, businesses, and communities,”he said in the prepared comments.</p><p><blockquote>“复苏的进展比普遍预期的要快，而且看起来正在加强。这在很大程度上要归功于前所未有的财政和货币政策行动……为家庭、企业和社区提供了必要的支持，”他在准备好的评论中表示。</blockquote></p><p>“But the recovery is far from complete, so, at the Fed, we will continue to provide the economy the support that it needs for as long as it takes,” he added.</p><p><blockquote>“但复苏远未完成，因此，美联储将继续为经济提供所需的支持，”他补充道。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>S&P 500 falls slightly as bull market turns one year old, Nasdaq is flat.<blockquote>牛市一周年之际，标普500小幅下跌，纳斯达克持平。</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nS&P 500 falls slightly as bull market turns one year old, Nasdaq is flat.<blockquote>牛市一周年之际，标普500小幅下跌，纳斯达克持平。</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\">2021-03-23 21:32</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>U.S. stocks dipped on Tuesday, one year after the bull market from the pandemic lows began as investors took some profits in shares that will benefit most from the reopening of the economy.</p><p><blockquote>美国股市周二下跌，一年前，从大流行低点开始的牛市开始，因为投资者在将从经济重新开放中受益最多的股票中获利了结。</blockquote></p><p>The S&amp;P 500 fell 0.2%, while the Dow Jones Industrial Average shed 104points. The tech-heavy Nasdaq Composite traded near the flatline.</p><p><blockquote>标普500下跌0.2%，道琼斯工业平均指数下跌104点。以科技股为主的纳斯达克综合指数在持平线附近交易。</blockquote></p><p><img src=\"https://static.tigerbbs.com/50b999a4eca950348b4ba5e25dd57675\" tg-width=\"1075\" tg-height=\"396\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>Shares of Carnival and Norwegian cruise lines fell more than 1% each. American Airlines and United Airlines fell about 2% apiece. Brick-and-mortar retailer Gap also fell slightly.</p><p><blockquote>嘉年华和挪威邮轮公司的股价均下跌超过1%。美国航空和联合航空各下跌约2%。实体零售商Gap也小幅下跌。</blockquote></p><p>ViacomCBS, one of the top performers in the S&amp;P 500 since the pandemic lows, lost 3% after saying it would offer more stock for sale. The shares are up more than 700% since last March.</p><p><blockquote>ViacomCBS是自疫情低点以来标普500表现最好的公司之一，在表示将出售更多股票后，该公司股价下跌3%。自去年3月以来，该股已上涨超过700%。</blockquote></p><p>Tuesday marks the&nbsp;one-year anniversary of the market's bottom&nbsp;as the coronavirus pandemic sent stocks tumbling 30% at the fastest pace on record. Since the low on March 23, both the S&amp;P 500 and Dow have advanced more than 75%. The Nasdaq Composite is up more than 90%, while the Russell 2000 has surged 126%.</p><p><blockquote>周二是市场触底一周年纪念日，冠状病毒大流行导致股市以有记录以来最快的速度暴跌30%。自3月23日低点以来，标普500和道指均上涨了75%以上。纳斯达克综合指数上涨超过90%，而罗素2000指数则飙升126%。</blockquote></p><p>\"Things have come full circle now, as stocks have staged a furious rally, with new highs happening across the globe as the economy recovers at a record pace,\" noted Ryan Detrick, chief market strategist at LPL Financial.</p><p><blockquote>LPL Financial首席市场策略师瑞安·德特里克(Ryan Detrick)表示：“现在事情又回到了原点，股市出现了强劲反弹，随着经济以创纪录的速度复苏，全球各地都创下了新高。”</blockquote></p><p>\"This bull market is off to an amazing start, but it is important to remember it is still young. While a pick-up in volatility would be normal as this stage of a strong bull market, we think suitable investors may want to consider buying the dip. Vaccine distribution, fiscal and monetary stimulus, and a robust economic recovery all have our confidence high,\" he added.</p><p><blockquote>“这次牛市有了一个惊人的开始，但重要的是要记住它还很年轻。虽然在强劲牛市的这个阶段，波动性回升是正常的，但我们认为合适的投资者可能会考虑逢低买入。疫苗分发、财政和货币刺激以及强劲的经济复苏都让我们充满信心，”他补充道。</blockquote></p><p>On the pandemic front, a U.S. health agency expressed concern Tuesday that&nbsp;AstraZeneca&nbsp;may have included&nbsp;outdated information&nbsp;in trial results&nbsp;of its Covid-19 vaccine.</p><p><blockquote>在大流行方面，美国卫生机构周二对阿斯利康可能在其Covid-19疫苗的试验结果中包含了过时的信息表示担忧。</blockquote></p><p>The U.S. is administering about 2.5 million Covid vaccine shots every day. However, the number of&nbsp;new cases is increasing in 21 states&nbsp;as highly infectious variants spread and governors relax restrictions on businesses.</p><p><blockquote>美国每天注射约250万剂Covid疫苗。然而，随着高传染性变种的传播以及州长放松对企业的限制，21个州的新增病例数量正在增加。</blockquote></p><p>The Dow finished Monday’s session 103 points higher, for a gain of 0.32%. The S&amp;P 500 broke a two-day losing streak and advanced 0.7%. The Nasdaq Composite was the relative outperformer, jumping 1.23% for its fifth positive session in six.</p><p><blockquote>道指周一收盘上涨103点，涨幅为0.32%。标普500打破两日连跌，上涨0.7%。纳斯达克综合指数相对跑赢大盘，上涨1.23%，为六个交易日中第五个上涨。</blockquote></p><p>The gains came as the&nbsp;10-year Treasury&nbsp;yield retreated, after touching a 14-month high last week. The 10-year yield was falling again on Tuesday, but that failed to boost stock futures.</p><p><blockquote>上涨之际，10年期国债收益率在上周触及14个月高点后回落。周二，10年期国债收益率再次下跌，但未能提振股指期货。</blockquote></p><p>“While the rise in yields has created volatility, we don’t expect it to derail the equity rally,” noted Mark Haefele, chief investment officer at UBS Global Wealth Management. “We believe rising yields reflect growth optimism and expectations for higher inflation.”</p><p><blockquote>瑞银全球财富管理首席投资官马克·海菲尔指出：“虽然收益率上升造成了波动，但我们预计它不会破坏股市反弹。”“我们认为收益率上升反映了增长乐观情绪和对通胀上升的预期。”</blockquote></p><p>On Tuesday Fed Chairman Jerome Powell and Treasury Secretary Janet Yellen will make their first joint appearance before the U.S. House Committee on Financial Services. The discussion will center on the oversight of the Treasury’s and Federal Reserve’s pandemic response.</p><p><blockquote>周二，美联储主席杰罗姆·鲍威尔和财政部长珍妮特·耶伦将首次联合出席美国众议院金融服务委员会。讨论将集中在对财政部和美联储疫情应对措施的监督上。</blockquote></p><p>In prepared remarks published ahead of the hearing, Powell noted that the recovery is gaining steam, before adding there’s still a long way to go.</p><p><blockquote>鲍威尔在听证会前发表的准备好的讲话中指出，复苏正在获得动力，但他补充说还有很长的路要走。</blockquote></p><p>“The recovery has progressed more quickly than generally expected and looks to be strengthening. This is due in significant part to the unprecedented fiscal and monetary policy actions ... which provided essential support to households, businesses, and communities,”he said in the prepared comments.</p><p><blockquote>“复苏的进展比普遍预期的要快，而且看起来正在加强。这在很大程度上要归功于前所未有的财政和货币政策行动……为家庭、企业和社区提供了必要的支持，”他在准备好的评论中表示。</blockquote></p><p>“But the recovery is far from complete, so, at the Fed, we will continue to provide the economy the support that it needs for as long as it takes,” he added.</p><p><blockquote>“但复苏远未完成，因此，美联储将继续为经济提供所需的支持，”他补充道。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1153771573","content_text":"U.S. stocks dipped on Tuesday, one year after the bull market from the pandemic lows began as investors took some profits in shares that will benefit most from the reopening of the economy.The S&P 500 fell 0.2%, while the Dow Jones Industrial Average shed 104points. The tech-heavy Nasdaq Composite traded near the flatline.Shares of Carnival and Norwegian cruise lines fell more than 1% each. American Airlines and United Airlines fell about 2% apiece. Brick-and-mortar retailer Gap also fell slightly.ViacomCBS, one of the top performers in the S&P 500 since the pandemic lows, lost 3% after saying it would offer more stock for sale. The shares are up more than 700% since last March.Tuesday marks the one-year anniversary of the market's bottom as the coronavirus pandemic sent stocks tumbling 30% at the fastest pace on record. Since the low on March 23, both the S&P 500 and Dow have advanced more than 75%. The Nasdaq Composite is up more than 90%, while the Russell 2000 has surged 126%.\"Things have come full circle now, as stocks have staged a furious rally, with new highs happening across the globe as the economy recovers at a record pace,\" noted Ryan Detrick, chief market strategist at LPL Financial.\"This bull market is off to an amazing start, but it is important to remember it is still young. While a pick-up in volatility would be normal as this stage of a strong bull market, we think suitable investors may want to consider buying the dip. Vaccine distribution, fiscal and monetary stimulus, and a robust economic recovery all have our confidence high,\" he added.On the pandemic front, a U.S. health agency expressed concern Tuesday that AstraZeneca may have included outdated information in trial results of its Covid-19 vaccine.The U.S. is administering about 2.5 million Covid vaccine shots every day. However, the number of new cases is increasing in 21 states as highly infectious variants spread and governors relax restrictions on businesses.The Dow finished Monday’s session 103 points higher, for a gain of 0.32%. The S&P 500 broke a two-day losing streak and advanced 0.7%. The Nasdaq Composite was the relative outperformer, jumping 1.23% for its fifth positive session in six.The gains came as the 10-year Treasury yield retreated, after touching a 14-month high last week. The 10-year yield was falling again on Tuesday, but that failed to boost stock futures.“While the rise in yields has created volatility, we don’t expect it to derail the equity rally,” noted Mark Haefele, chief investment officer at UBS Global Wealth Management. “We believe rising yields reflect growth optimism and expectations for higher inflation.”On Tuesday Fed Chairman Jerome Powell and Treasury Secretary Janet Yellen will make their first joint appearance before the U.S. House Committee on Financial Services. The discussion will center on the oversight of the Treasury’s and Federal Reserve’s pandemic response.In prepared remarks published ahead of the hearing, Powell noted that the recovery is gaining steam, before adding there’s still a long way to go.“The recovery has progressed more quickly than generally expected and looks to be strengthening. This is due in significant part to the unprecedented fiscal and monetary policy actions ... which provided essential support to households, businesses, and communities,”he said in the prepared comments.“But the recovery is far from complete, so, at the Fed, we will continue to provide the economy the support that it needs for as long as it takes,” he added.","news_type":1,"symbols_score_info":{".DJI":0.9,".SPX":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":558,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":366583888,"gmtCreate":1614511222144,"gmtModify":1703477941586,"author":{"id":"3572418035699527","authorId":"3572418035699527","name":"财神爷爷97","avatar":"https://static.tigerbbs.com/bcb5096bb391a4364a255cfe900aece0","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572418035699527","authorIdStr":"3572418035699527"},"themes":[],"htmlText":"Good to know!","listText":"Good to know!","text":"Good to know!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/366583888","repostId":"1117820997","repostType":4,"isVote":1,"tweetType":1,"viewCount":667,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":135015603,"gmtCreate":1622122342002,"gmtModify":1634183675509,"author":{"id":"3572418035699527","authorId":"3572418035699527","name":"财神爷爷97","avatar":"https://static.tigerbbs.com/bcb5096bb391a4364a255cfe900aece0","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572418035699527","authorIdStr":"3572418035699527"},"themes":[],"htmlText":"👍🏻","listText":"👍🏻","text":"👍🏻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/135015603","repostId":"2138120575","repostType":4,"isVote":1,"tweetType":1,"viewCount":309,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":139831573,"gmtCreate":1621605627292,"gmtModify":1634187703108,"author":{"id":"3572418035699527","authorId":"3572418035699527","name":"财神爷爷97","avatar":"https://static.tigerbbs.com/bcb5096bb391a4364a255cfe900aece0","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572418035699527","authorIdStr":"3572418035699527"},"themes":[],"htmlText":"Road to recovery","listText":"Road to recovery","text":"Road to recovery","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/139831573","repostId":"1120283741","repostType":4,"isVote":1,"tweetType":1,"viewCount":353,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":130169171,"gmtCreate":1621519366893,"gmtModify":1634188468985,"author":{"id":"3572418035699527","authorId":"3572418035699527","name":"财神爷爷97","avatar":"https://static.tigerbbs.com/bcb5096bb391a4364a255cfe900aece0","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572418035699527","authorIdStr":"3572418035699527"},"themes":[],"htmlText":"Good read","listText":"Good read","text":"Good read","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/130169171","repostId":"2136010949","repostType":4,"isVote":1,"tweetType":1,"viewCount":388,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":350328525,"gmtCreate":1616161896967,"gmtModify":1634526933405,"author":{"id":"3572418035699527","authorId":"3572418035699527","name":"财神爷爷97","avatar":"https://static.tigerbbs.com/bcb5096bb391a4364a255cfe900aece0","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572418035699527","authorIdStr":"3572418035699527"},"themes":[],"htmlText":"Great picks","listText":"Great picks","text":"Great picks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/350328525","repostId":"1102451613","repostType":4,"repost":{"id":"1102451613","kind":"news","pubTimestamp":1616160196,"share":"https://www.laohu8.com/m/news/1102451613?lang=zh_CN&edition=full","pubTime":"2021-03-19 21:23","market":"us","language":"en","title":"8 Stocks To Watch For 2021 March Madness<blockquote>2021年三月疯狂值得关注的8只股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1102451613","media":"Benzinga","summary":"After the COVID-19 pandemic shut down March Madness in 2020, many people are excited for the 2021 NC","content":"<p><div> After the COVID-19 pandemic shut down March Madness in 2020, many people are excited for the 2021 NCAA Basketball tournament kicking off this weekend. Sports fans, sports bettors and advertisers are ...</p><p><blockquote><div>在新冠肺炎疫情关闭了2020年疯狂三月后，许多人对本周末开始的2021年NCAA篮球锦标赛感到兴奋。体育迷、体育博彩者和广告商是...</div></blockquote></p><p>  <a href=\"https://www.benzinga.com/news/small-cap/21/03/20213971/8-stocks-to-watch-for-2021-march-madness\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.benzinga.com/news/small-cap/21/03/20213971/8-stocks-to-watch-for-2021-march-madness\">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>8 Stocks To Watch For 2021 March Madness<blockquote>2021年三月疯狂值得关注的8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\">\n8 Stocks To Watch For 2021 March Madness<blockquote>2021年三月疯狂值得关注的8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\">2021-03-19 21:23</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> After the COVID-19 pandemic shut down March Madness in 2020, many people are excited for the 2021 NCAA Basketball tournament kicking off this weekend. Sports fans, sports bettors and advertisers are ...</p><p><blockquote><div>在新冠肺炎疫情关闭了2020年疯狂三月后，许多人对本周末开始的2021年NCAA篮球锦标赛感到兴奋。体育迷、体育博彩者和广告商是...</div></blockquote></p><p>  <a href=\"https://www.benzinga.com/news/small-cap/21/03/20213971/8-stocks-to-watch-for-2021-march-madness\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.benzinga.com/news/small-cap/21/03/20213971/8-stocks-to-watch-for-2021-march-madness\">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/small-cap/21/03/20213971/8-stocks-to-watch-for-2021-march-madness\">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":{},"source_url":"https://www.benzinga.com/news/small-cap/21/03/20213971/8-stocks-to-watch-for-2021-march-madness","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1102451613","content_text":"After the COVID-19 pandemic shut down March Madness in 2020, many people are excited for the 2021 NCAA Basketball tournament kicking off this weekend. Sports fans, sports bettors and advertisers are among the parties ready for games to take place.\nHere's a look at some publicly traded companies that are ready for March Madness to begin.\nCBS:This could be a strong year forViacomCBS IncVIAC, the host of both the Super Bowl and games from March Madness. CBS could see March Madness advertising revenue. The companytold reporterslast week that the ads were “virtually sold out.”\nEighty percent of linear advertisers will also have a digital advertising presence. Around 90% of last year’s planned advertisers are airing ads this year after last year’s canceled tournament.\nOver 100 advertisers are signed between CBS and its partner Turner Sports. The top five advertiser categories are insurance, automotive, financials, telecommunications and restaurants.\nCBS hascoverageof games in each round and has the exclusive coverage of the Final Four and Championship games.\nSee Also:How ViacomCBS Became The Latest 'YOLO Stock'\nAT&T:Turner Sports, a segment of AT&TT, has rights to March Madness games along with CBS. Games will be aired on the TBS and truTV channels. These channels will have the rights to all of the Play-In games on Thursday night.\nGames will air on TBS, truTV and TNT on Friday, Saturday, Sunday and Monday. Turner will have coverage of games in the first four rounds.\nSports Betting Companies:In 2019, only seven states had legal sports betting for the March Madness tournament. Adults in 20 states and Washington, D.C. will be able to bet on sports for March Madness in 2021. Over 86 million people will be able to place wagers compared to 26 million in 2019.\nIn 2021, Play USAestimates between $1 billion and $1.5 billion could be wagered on March Madness. While the Super Bowl is the most bet on game of the year, the combination of more than 60 games makes March Madness the largest bet sporting event.\n“The 2021 NCAA Tournament will be the most widely bet-on sporting event in U.S. history,\" said PlayUSA.com analyst Eric Ramsey.\nThe predictions for the total amount are hard given the increased number of states to legalize; no numbers from 2020 for comparison purposes; and the continued pandemic hitting retail sportsbooks, Ramsey said.\nWith the huge predictions set for sports betting on March Madness, the stocks to watch include DraftKings IncDKNG,Penn National Gaming IncPENN,MGM Resorts InternationalMGM,Rush Street InteractiveRSIandGolden Nugget Online Gaming IncGNOG.\nGenius Sports:Set togo publicin a SPAC merger withdMY Technology Inc IIDMYD 0.13%, Genius Sports provides data to sports betting partners.\nGenius Sports has a 10-yearexclusivedeal with the NCAA that includes coverage of Men’s Basketball. Under the deal signed in 2018, no party other than Genius Sports is allowed to collect data at NCAA events for commercial exploitation.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":467,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":369593987,"gmtCreate":1614055132649,"gmtModify":1634551370825,"author":{"id":"3572418035699527","authorId":"3572418035699527","name":"财神爷爷97","avatar":"https://static.tigerbbs.com/bcb5096bb391a4364a255cfe900aece0","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572418035699527","authorIdStr":"3572418035699527"},"themes":[],"htmlText":"Interesting","listText":"Interesting","text":"Interesting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/369593987","repostId":"1140181863","repostType":4,"isVote":1,"tweetType":1,"viewCount":503,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":360349001,"gmtCreate":1613843897703,"gmtModify":1634552059750,"author":{"id":"3572418035699527","authorId":"3572418035699527","name":"财神爷爷97","avatar":"https://static.tigerbbs.com/bcb5096bb391a4364a255cfe900aece0","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572418035699527","authorIdStr":"3572418035699527"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/360349001","repostId":"1143100356","repostType":4,"isVote":1,"tweetType":1,"viewCount":390,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}