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leongsiak

leongsiak

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2021-06-14

Will the ex largest car maker can come back with better automated electrical car [龇牙]

抱歉，原内容已删除

2021-04-29

Giant remains as Giant and it grow even bigger

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2021-03-02

Jack Dorsey always bring distruptive innovation to the mature industry.

Jack Dorsey's Square Commences Operations As An Industrial Bank<blockquote>杰克·多西广场开始作为工业银行运营</blockquote>

2021-07-26

Oracle of Ohama

抱歉，原内容已删除

2021-03-24

Semiconductors related companies will be hot topics in these few months [微笑]

抱歉，原内容已删除

2021-03-11

Hope Nokia can come back by sharing their wonderful innovation

抱歉，原内容已删除

2021-06-29

Expensive share to get but have lot of potential [鬼脸]

抱歉，原内容已删除

2021-06-06

Elon Musk become bitcoin demon[喷血]

抱歉，原内容已删除

2021-04-27

Really sky is the limit for Tesla [无语]

Tesla posts record net income of $438 million, revenue surges by 74%<blockquote>特斯拉净利润创历史新高 4.38 亿美元，收入激增 74%</blockquote>

2021-04-04

Lot of interesting shares available for investment [笑哭]

3 Beaten-Down Stocks That Could Double Your Money<blockquote>3 只被击败的股票可以让你的钱翻倍</blockquote>

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[龇牙]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/170539421","repostId":"1168046286","repostType":4,"isVote":1,"tweetType":1,"viewCount":4667,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":140359385,"gmtCreate":1625631721747,"gmtModify":1633938870589,"author":{"id":"3572478889900546","authorId":"3572478889900546","name":"leongsiak","avatar":"https://static.tigerbbs.com/1027f096cd968667d18cb31e27f3607a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572478889900546","idStr":"3572478889900546"},"themes":[],"title":"","htmlText":"Healthcare is the new darling[开心]&nbsp;","listText":"Healthcare is the new darling[开心]&nbsp;","text":"Healthcare is the new darling[开心]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/140359385","repostId":"2149360674","repostType":4,"isVote":1,"tweetType":1,"viewCount":4113,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":151960371,"gmtCreate":1625061880593,"gmtModify":1633945313269,"author":{"id":"3572478889900546","authorId":"3572478889900546","name":"leongsiak","avatar":"https://static.tigerbbs.com/1027f096cd968667d18cb31e27f3607a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572478889900546","idStr":"3572478889900546"},"themes":[],"title":"","htmlText":"Forbidden apple 🍎","listText":"Forbidden apple 🍎","text":"Forbidden apple 🍎","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/151960371","repostId":"1183093793","repostType":4,"isVote":1,"tweetType":1,"viewCount":3862,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":159277066,"gmtCreate":1624972938055,"gmtModify":1633946368085,"author":{"id":"3572478889900546","authorId":"3572478889900546","name":"leongsiak","avatar":"https://static.tigerbbs.com/1027f096cd968667d18cb31e27f3607a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572478889900546","idStr":"3572478889900546"},"themes":[],"title":"","htmlText":"Expensive share to get but have lot of potential&nbsp;[鬼脸]&nbsp;","listText":"Expensive share to get but have lot of potential&nbsp;[鬼脸]&nbsp;","text":"Expensive share to get but have lot of potential [鬼脸]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/159277066","repostId":"2147850348","repostType":4,"isVote":1,"tweetType":1,"viewCount":4041,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":124726898,"gmtCreate":1624795576114,"gmtModify":1633948561573,"author":{"id":"3572478889900546","authorId":"3572478889900546","name":"leongsiak","avatar":"https://static.tigerbbs.com/1027f096cd968667d18cb31e27f3607a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572478889900546","idStr":"3572478889900546"},"themes":[],"title":"","htmlText":"Nio is the incumbent for this competitive market[微笑]&nbsp;support support","listText":"Nio is the incumbent for this competitive market[微笑]&nbsp;support support","text":"Nio is the incumbent for this competitive market[微笑] support support","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/124726898","repostId":"1137119316","repostType":4,"repost":{"id":"1137119316","kind":"news","pubTimestamp":1624754401,"share":"https://www.laohunote.com/m/news/1137119316?lang=zh_CN&edition=full","pubTime":"2021-06-27 08:40","market":"us","language":"en","title":"Ford Or NIO? The Final Verdict<blockquote>福特还是蔚来？最终判决</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1137119316","media":"seekingalpha","summary":"I am comparing Ford against NIO in different categories.The comparison is intended to improve the understanding of Ford's and NIO's growth potential while highlighting differences in market position and opportunities.NIO is growing a lot faster than Ford and the high valuation may be justified.With Ford  launching a major offensive in the market for electric vehicles, Chinese EV maker NIO  will face one more rival competing for sales in the future. Which vehicle maker offers the best deal based ","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>I am comparing Ford against NIO in different categories.</li>  <li>The comparison is intended to improve the understanding of Ford's and NIO's growth potential while highlighting differences in market position and opportunities.</li>  <li>NIO is growing a lot faster than Ford and the high valuation may be justified.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5033fa117d7852799244b8275bc1000f\" tg-width=\"1536\" tg-height=\"886\"><span>peterschreiber.media/iStock via Getty Images</span></p><p><blockquote><ul><li>我在不同的类别中比较福特和蔚来。</li><li>此次比较旨在增进对福特和蔚来增长潜力的了解，同时突出市场地位和机遇的差异。</li><li>蔚来的增长速度比福特快得多，高估值可能是合理的。</li></ul><p class=\"t-img-caption\"><span>peterschreiber.media/iStock 来自盖蒂图片社</span></p></blockquote></p><p> With Ford (F) launching a major offensive in the market for electric vehicles, Chinese EV maker NIO (NIO) will face one more rival competing for sales in the future. Which vehicle maker offers the best deal based on market opportunity, scale, revenue model, growth prospects and valuation? I will compare Ford against NIO in each category and issue a final verdict at the end.</p><p><blockquote>随着福特公司（F）在电动汽车市场发起重大攻势，中国电动汽车制造商蔚来（蔚来）未来将面临另一个竞争对手争夺销量。根据市场机会、规模、收入模式、增长前景和估值，哪家汽车制造商提供了最好的交易？我将在每个类别中比较福特和蔚来，并在最后给出最终结论。</blockquote></p><p> <b>Ford vs. NIO: The battle for the global electric vehicle market is heating up</b></p><p><blockquote><b>福特与蔚来：全球电动汽车市场之争正在升温</b></blockquote></p><p> Although there is a world of difference between Ford and NIO, both companies are set to go toe-to-toe in the rapidly growing global electric vehicle market. Ford’s fleet is not yet EV-focused but this is going to change: Feeling that the EV race is heating up, Ford said it is accelerating its electrification plan by investing&nbsp;$30B into its EV manufacturing capabilities until 2025. Ford’s previous capital plan called for a $22B investment in zero-emission vehicles. Ford also set an ambitious sales goal: 40% of its global sales will be electric within the next decade and 33% of pickup truck sales. Electric vehicle sales account for just 1% of Ford's sales today. As Ford is phasing out combustion engines, it is set to evolve into an all-electric vehicle maker by 2040.</p><p><blockquote>尽管福特和蔚来之间存在天壤之别，但两家公司都将在快速增长的全球电动汽车市场展开较量。福特的车队还没有以电动汽车为重点，但这种情况将会改变： 福特感觉到电动汽车竞赛正在升温，因此表示将加快其电气化计划，在 2025 年前投资 300 亿美元用于电动汽车制造能力。福特之前的资本计划要求投资 220 亿美元用于零排放汽车。福特还设定了一个雄心勃勃的销售目标：未来十年，其全球销量的 40% 将是电动汽车，皮卡车销量的 33% 将是电动汽车。目前，电动汽车销量仅占福特销量的 1%。随着福特逐步淘汰内燃机，它将在 2040 年发展成为一家全电动汽车制造商。</blockquote></p><p> <b>Market opportunity</b></p><p><blockquote><b>市场机会</b></blockquote></p><p> In 2020, 3.2m electric vehicles were sold in the world which represented a small market share of just 4.2%. China, however, was responsible for buying 41% of all electric vehicles in the world in 2020. Chinese buyers purchased 1.3m electric vehicles last year and sales are set to grow fast as Beijing seeks to boost EV adoption. The second largest market for electric vehicles was Europe which accounted for 42% of global EV sales. The US is only the third-largest market for plug-in electric vehicles in the world.</p><p><blockquote>2020年，全球电动汽车销量为320万辆，市场份额仅为4.2%。然而，2020 年，中国购买了全球 41% 的电动汽车。去年，中国买家购买了 130 万辆电动汽车，随着北京寻求促进电动汽车的普及，销量将快速增长。电动汽车的第二大市场是欧洲，占全球电动汽车销量的42%。美国只是全球第三大插电式电动汽车市场。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b48c23b32134542f51227d9b1b612887\" tg-width=\"1083\" tg-height=\"863\"><span>(Source: Wikipedia)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：维基百科）</span></p></blockquote></p><p> China, by far, is the fastest growing EV market in the world, although Europe is catching up fast, in part due to a legislative efforts to increase adoption of zero-emission passenger vehicles and because of massive investments in a Europe-wide charging station network. NIO is&nbsp;on the cusp of entering the European market&nbsp;in a bid to grow market share in the world’s second-largest EV market before the competition is ready.</p><p><blockquote>到目前为止，中国是世界上增长最快的电动汽车市场，尽管欧洲正在迅速迎头赶上，部分原因是立法努力增加零排放乘用车的采用，以及对欧洲范围内充电站网络的大量投资。蔚来正处于进军欧洲市场的风口浪尖，希望在竞争准备就绪之前扩大其在世界第二大电动汽车市场的市场份额。</blockquote></p><p> Beijing is a driver behind the electrification of the Chinese auto industry: The government wants to see a&nbsp;twenty percent share&nbsp;of electric vehicles for new car sales by 2025 which will drive EV penetration in NIO’s home market.</p><p><blockquote>中国政府是蔚来汽车工业电气化的推动者： 中国政府希望到 2025 年，电动汽车在新车销售中所占份额达到 20%，这将推动电动汽车在中国本土市场的普及。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9871e44eaf69adb27151425887870ace\" tg-width=\"739\" tg-height=\"454\"><span>(Source:Schroders)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：施罗德）</span></p></blockquote></p><p> Turning to growth projections.</p><p><blockquote>转向增长预测。</blockquote></p><p> With more favorable government policies for EV makers in places like China and Europe, these markets are poised to see the fastest sales growth and the highest EV adoption rates in the world. China is not only the largest market due to population size but is also expected to outperform all other markets in the world in EV sales until 2030.</p><p><blockquote>随着中国和欧洲等地政府对电动汽车制造商采取更有利的政策，这些市场将迎来世界上最快的销售增长和最高的电动汽车采用率。由于人口规模，中国不仅是最大的市场，而且预计到2030年，电动汽车销量将超过全球所有其他市场。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/61d19dff2f34e2d8828aca854e85d84a\" tg-width=\"825\" tg-height=\"565\"><span>(Source:McKinsey)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：麦肯锡）</span></p></blockquote></p><p> Since China has a larger total market size, a higher EV adoption rate, stronger expected sales growth and a more favorable regulatory framework, the winner here would be: NIO.</p><p><blockquote>由于中国拥有更大的总市场规模、更高的电动汽车采用率、更强劲的预期销售增长和更有利的监管框架，这里的赢家将是：蔚来。</blockquote></p><p> <b>Scale and manufacturing competence</b></p><p><blockquote><b>规模和制造能力</b></blockquote></p><p> Ford has a century’s worth of manufacturing experience. But Ford, so far, has only one all-electric vehicle in its product line-up that compares to NIO: The Mustang Mach-E SUV. In 2022, Ford will begin to sell the all-electric F-150 Lightening which builds on the success of Ford’s best-selling pick-up truck. NIO already has a stronger product catalog including the 5-seater ES6 SUV, the 5-seater coupe SUV EC6 and the ES8, a 6-seater and 7-seater full-sized SUV.</p><p><blockquote>福特拥有百年的制造经验。但到目前为止，福特的产品阵容中只有一款与蔚来相比的全电动汽车：野马 Mach-E SUV。2022 年，福特将开始销售全电动 F-150 Lightening，该车建立在福特最畅销皮卡车的成功基础上。蔚来已经拥有更强大的产品目录，包括5座ES6 SUV、5座轿跑车SUV EC6以及6座和7座全尺寸SUV ES8。</blockquote></p><p></p><p> Since NIO is solely focused on producing EVs and occupies a very small and defined niche, the Chinese firm has an advantage as far as EV-manufacturing expertise goes. The question is how long this advantage can last. Ford has extensive experience in building cars and can leverage a global manufacturing base to ramp up EV production faster than any niche EV maker could ever hope to achieve. This makes Ford a very serious rival not only to Tesla (TSLA) in the US, but also to NIO abroad. Ford is accelerating its electrification plans and it has the resources and the ambition to become a leader in EVs within the next decade. Ford’s proposed $30B spending on the electrification of its fleet will accelerate its transformation and turn Ford into a long term threat to other EV makers.</p><p><blockquote>由于蔚来只专注于生产电动汽车，并且占据了一个非常小且明确的利基市场，这家中国公司在电动汽车制造专业知识方面具有优势。问题是这种优势能持续多久。福特在制造汽车方面拥有丰富的经验，可以利用全球制造基地以比任何利基电动汽车制造商希望实现的速度更快地提高电动汽车产量。这使得福特不仅在美国是特斯拉（TSLA）的有力竞争对手，而且在国外也是蔚来的有力竞争对手。福特正在加速其电气化计划，它有资源和雄心在未来十年内成为电动汽车的领导者。福特提议斥资 300 亿美元用于车队电气化，这将加速其转型，并使福特成为其他电动汽车制造商的长期威胁。</blockquote></p><p> Winner here: Ford.</p><p><blockquote>这里的赢家：福特。</blockquote></p><p> <b>Differentiation and BaaS revenue model</b></p><p><blockquote><b>差异化与BaaS收入模式</b></blockquote></p><p> Both Ford and NIO know about the importance of differentiation in a market that will only get more competitive over time, which is why both companies are investing heavily in a related field that can break or solidify dominance in the EV market: Battery technology.</p><p><blockquote>福特和蔚来都知道差异化在这个市场中的重要性，随着时间的推移，这个市场只会变得更加竞争，这就是为什么两家公司都在一个相关领域大力投资，这个领域可以打破或巩固电动汽车市场的主导地位：电池技术。</blockquote></p><p> Ford is&nbsp;forming a joint venture&nbsp;with South Korean battery technology company SK Innovation to secure supply of traction battery cells and array modules. The joint venture is meant to accelerate battery deliveries and will produce approximately 60 GWh annually, enough to cover 25% of Ford’s estimated annual energy demand by 2030. NIO is also investing in battery technology and has&nbsp;formed its own joint venture&nbsp;to secure battery supply.</p><p><blockquote>福特正在与韩国电池技术公司 SK Innovation 成立一家合资企业，以确保牵引电池芯和阵列模块的供应。该合资企业旨在加快电池交付速度，年产量约为 60 GWh，足以满足福特到 2030 年预计年能源需求的 25%。蔚来也在投资电池技术，并组建了自己的合资企业来确保电池供应。</blockquote></p><p> The difference to Ford is that NIO’s battery investment strategy revolves around a battery subscription model, also called “battery-as-a-service”, which creates a strong, long term revenue opportunity for the Chinese vehicle maker. Under this “BaaS” model, users who buy a NIO electric vehicle get a 70,000 RMB initial discount, equivalent to $10,800, and can sign up for a monthly subscription to rent a rechargeable 70 kWh battery. Batteries can then be exchanged at one of NIO’s battery-swapping stations which can be found in most big Chinese cities. A battery subscription costs 980 RMB monthly which is the equivalent of $150.</p><p><blockquote>与福特不同的是，蔚来的电池投资战略围绕着电池订阅模式，也称为 “电池即服务 ”，这为这家中国汽车制造商创造了一个强大的长期收入机会。在这种 “BaaS” 模式下，用户购买蔚来电动汽车可获得 7 万元人民币的初始折扣，折合 1.08 万美元，并可签约包月租赁 70 千瓦时的可充电电池。然后可以在蔚来的换电站更换电池，这些换电站在中国大多数大城市都有。电池订阅费用为每月980元人民币，相当于150美元。</blockquote></p><p> The BaaS model has a couple of benefits for both the vehicle maker and the user: Purchasing an electric vehicle from NIO gets a lot more affordable due to the up-front discount and the subscription model ensures that users benefit from advancement in battery technology and better performance over time. Decoupling battery costs from vehicle prices creates an entirely new revenue stream on a subscription basis for NIO. Revenues from “BaaS” subscriptions could be used to increase the density of NIO’s network of charging/replacement stations. The battery subscription model also binds customers to NIO, potentially increasing customer lifetime value.</p><p><blockquote>BaaS模式对汽车制造商和用户都有几个好处：由于前期折扣，从蔚来购买电动汽车变得更加实惠，订阅模式确保用户受益于电池技术的进步和随着时间的推移更好的性能。将电池成本与汽车价格脱钩，为蔚来创造了一个全新的订阅收入流。“BaaS ”订阅的收入可用于增加蔚来充电/换电站网络的密度。电池订阅模式还将客户绑定到蔚来，从而潜在地增加客户的终身价值。</blockquote></p><p> Ford and NIO are primed to benefit from falling battery costs for electric vehicles as they ramp up capital allocations. As more investments flow into developing more efficient batteries, performance will go up and costs will go down which should drive EV adoption and benefit all EV makers. This is because lower battery prices make EVs more competitive to passenger vehicles with combustion engines. But since NIO is structuring a part of its business model explicitly around battery subscriptions, NIO could benefit more than Ford.</p><p><blockquote>随着福特和蔚来增加资本配置，它们有望从电动汽车电池成本下降中受益。随着越来越多的投资流入开发更高效的电池，性能将会提高，成本将会下降，这应该会推动电动汽车的采用并使所有电动汽车制造商受益。这是因为较低的电池价格使电动汽车比内燃机乘用车更具竞争力。但由于蔚来明确围绕电池订阅构建部分商业模式，蔚来可能会比福特受益更多。</blockquote></p><p> Battery costs for EVs have decreased 70% since 2014, based on information provided by investment firm Schroders, and are set to decrease more this decade.</p><p><blockquote>根据投资公司施罗德提供的信息，自 2014 年以来，电动汽车的电池成本已下降 70%，并且本十年还将进一步下降。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c42acb75905affe7570a2f399ea3192f\" tg-width=\"758\" tg-height=\"449\"><span>(Source: Schroders)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：施罗德）</span></p></blockquote></p><p> The “BaaS” model is genius and could develop into a $500M a year revenue opportunity for NIO long term. Although Ford is ramping up its investments in battery technology, the winner in this category is: NIO.</p><p><blockquote>“BaaS ”模式是天才之作，从长远来看，它可能会发展成为蔚来每年 5 亿美元的收入机会。尽管福特正在加大对电池技术的投资，但这一类别的赢家是：蔚来。</blockquote></p><p> <b>Sales growth and valuation</b></p><p><blockquote><b>销售增长和估值</b></blockquote></p><p> Ford’s sales in May grew 4.1% Y/Y but electrified vehicle sales (including hybrids) surged 184% Y/Y as Ford sold a record 10,364 EVs/hybrids in May. Escape electrified sales and Explorer Hybrid grew sales at 125% and 132% Y/Y showing strong customer uptake. NIO delivered 6,711 vehicles last month including 3,017 ES6s, 1,412 ES8s and 2,282 EC6s. Total Y/Y delivery growth for May was 95.3%.</p><p><blockquote>福特 5 月份的销量同比增长 4.1%，但电动汽车销量（包括混合动力汽车）同比激增 184%，福特 5 月份售出了创纪录的 10,364 辆电动汽车/混合动力汽车。Escape electrified 和 Explorer Hybrid 的销量分别同比增长 125% 和 132%，显示出强劲的客户吸引力。蔚来上个月交付了 6,711 辆汽车，其中包括 3,017 辆 ES6、1,412 辆 ES8 和 2,282 辆 EC6。5 月份总交付量同比增长 95.3%。</blockquote></p><p> Ford's sales are fifty-four times larger than NIO's which creates more sales growth and revaluation potential for NIO.</p><p><blockquote>福特的销量是蔚来汽车的54倍，这为蔚来创造了更多的销售增长和重估潜力。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/df5a0a393e44ed74241c5effcdd92350\" tg-width=\"635\" tg-height=\"419\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据由YCharts提供</span></p></blockquote></p><p></p><p> The difference in valuation between Ford and NIO is like the difference between night and day. This is because Ford is still seen as a mature vehicle maker with expected enterprise sales growth in the low-to-mid digits, despite explosive growth in the EV category. Ford is expected to grow revenues by 33% until FY 2025 (base year: FY 2020) and NIO by 808%!</p><p><blockquote>福特和蔚来之间的估值差异就像黑夜和白天之间的差异。这是因为尽管电动汽车类别实现了爆炸式增长，但福特仍被视为一家成熟的汽车制造商，预计企业销量增长将达到中低位数。福特预计到 2025 财年（基准年：2020 财年）收入将增长 33%，蔚来将增长 808%!</blockquote></p><p> Due to these differences in sales growth, NIO is the complete opposite of Ford, at least as far as valuation goes. The Chinese EV-maker is expected to see sales and delivery growth close to 100% this year and since NIO is only dealing in EVs, NIO gets a much higher market-cap-to-sales ratio than Ford.</p><p><blockquote>由于销售增长的这些差异，蔚来与福特完全相反，至少就估值而言是这样。这家中国电动汽车制造商预计今年的销量和交付量将增长接近 100%，由于蔚来只销售电动汽车，蔚来的市值与销量之比远高于福特。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/817605c6b1e82c03d0473ea570d32b8f\" tg-width=\"506\" tg-height=\"406\"><span>(Source: Author)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：作者）</span></p></blockquote></p><p> <b>NIO has larger risks...</b></p><p><blockquote><b>蔚来有更大的风险……</b></blockquote></p><p> NIO is the more risky venture, but also the one that offers the most promise. Government policy favors EV-makers like NIO. The potential for total global sales growth is larger for NIO as it operates from a smaller revenue base compared to Ford. But there are also a few things that work against NIO. For example, recalls due to production defects would be a much bigger challenge for NIO to overcome than for Ford which can rely on a global service and distribution network. NIO’s valuation is also not without risk as an unexpected slowing of sales growth due to production setbacks would leave a much larger dent in the financials.</p><p><blockquote>蔚来是风险更大的企业，但也是最有希望的企业。政府政策有利于蔚来等电动汽车制造商。与福特相比，蔚来的全球总销售额增长潜力更大，因为它的营收基础较小。但也有一些事情对蔚来不利。例如，与可以依赖全球服务和分销网络的福特相比，由于生产缺陷导致的召回对于蔚来来说将是一个更大的挑战。蔚来的估值也并非没有风险，因为生产受挫导致销售增长意外放缓，将对财务状况造成更大影响。</blockquote></p><p> <b>Final verdict</b></p><p><blockquote><b>最终判决</b></blockquote></p><p> NIO is definitely the more “sexy” vehicle maker. Strong adoption and sales growth in China and Europe support NIO. Its super smart BaaS model which decouples vehicle purchase prices from battery costs is genius. You pay a high price for this growth but the market opportunity for NIO is immense.</p><p><blockquote>蔚来绝对是更 “性感 ”的汽车制造商。在中国和欧洲的强劲采用率和销售增长支持了蔚来。其超级智能BaaS模型将车辆购买价格与电池成本脱钩，堪称天才。你为这种增长付出了高昂的代价，但蔚来的市场机会是巨大的。</blockquote></p><p> Ford’s EV sales are booming and the percentage of EV sales will increase as the vehicle maker electrifies its fleet. Ford has a lot of potential in the EV market but since EV sales are still a relatively low percentage of total sales, it will take a long time for Ford to complete its transformation.</p><p><blockquote>福特的电动汽车销量正在蓬勃发展，随着该汽车制造商车队电气化，电动汽车销量的比例也将不断增加。福特在电动汽车市场潜力巨大，但由于电动汽车销量占总销量的比例仍然相对较低，福特需要很长时间才能完成转型。</blockquote></p><p> If you believe in the potential of the global EV market, buy NIO. If you believe in the potential of the global EV market and don’t like much risk, buy Ford.</p><p><blockquote>如果您相信全球电动汽车市场的潜力，请购买蔚来。如果你相信全球电动汽车市场的潜力，又不喜欢太大的风险，那就买福特吧。</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>Ford Or NIO? The Final Verdict<blockquote>福特还是蔚来？最终判决</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\">\nFord Or NIO? The Final Verdict<blockquote>福特还是蔚来？最终判决</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">seekingalpha</strong><span class=\"h-time small\">2021-06-27 08:40</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>I am comparing Ford against NIO in different categories.</li>  <li>The comparison is intended to improve the understanding of Ford's and NIO's growth potential while highlighting differences in market position and opportunities.</li>  <li>NIO is growing a lot faster than Ford and the high valuation may be justified.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5033fa117d7852799244b8275bc1000f\" tg-width=\"1536\" tg-height=\"886\"><span>peterschreiber.media/iStock via Getty Images</span></p><p><blockquote><ul><li>我在不同的类别中比较福特和蔚来。</li><li>此次比较旨在增进对福特和蔚来增长潜力的了解，同时突出市场地位和机遇的差异。</li><li>蔚来的增长速度比福特快得多，高估值可能是合理的。</li></ul><p class=\"t-img-caption\"><span>peterschreiber.media/iStock 来自盖蒂图片社</span></p></blockquote></p><p> With Ford (F) launching a major offensive in the market for electric vehicles, Chinese EV maker NIO (NIO) will face one more rival competing for sales in the future. Which vehicle maker offers the best deal based on market opportunity, scale, revenue model, growth prospects and valuation? I will compare Ford against NIO in each category and issue a final verdict at the end.</p><p><blockquote>随着福特公司（F）在电动汽车市场发起重大攻势，中国电动汽车制造商蔚来（蔚来）未来将面临另一个竞争对手争夺销量。根据市场机会、规模、收入模式、增长前景和估值，哪家汽车制造商提供了最好的交易？我将在每个类别中比较福特和蔚来，并在最后给出最终结论。</blockquote></p><p> <b>Ford vs. NIO: The battle for the global electric vehicle market is heating up</b></p><p><blockquote><b>福特与蔚来：全球电动汽车市场之争正在升温</b></blockquote></p><p> Although there is a world of difference between Ford and NIO, both companies are set to go toe-to-toe in the rapidly growing global electric vehicle market. Ford’s fleet is not yet EV-focused but this is going to change: Feeling that the EV race is heating up, Ford said it is accelerating its electrification plan by investing&nbsp;$30B into its EV manufacturing capabilities until 2025. Ford’s previous capital plan called for a $22B investment in zero-emission vehicles. Ford also set an ambitious sales goal: 40% of its global sales will be electric within the next decade and 33% of pickup truck sales. Electric vehicle sales account for just 1% of Ford's sales today. As Ford is phasing out combustion engines, it is set to evolve into an all-electric vehicle maker by 2040.</p><p><blockquote>尽管福特和蔚来之间存在天壤之别，但两家公司都将在快速增长的全球电动汽车市场展开较量。福特的车队还没有以电动汽车为重点，但这种情况将会改变： 福特感觉到电动汽车竞赛正在升温，因此表示将加快其电气化计划，在 2025 年前投资 300 亿美元用于电动汽车制造能力。福特之前的资本计划要求投资 220 亿美元用于零排放汽车。福特还设定了一个雄心勃勃的销售目标：未来十年，其全球销量的 40% 将是电动汽车，皮卡车销量的 33% 将是电动汽车。目前，电动汽车销量仅占福特销量的 1%。随着福特逐步淘汰内燃机，它将在 2040 年发展成为一家全电动汽车制造商。</blockquote></p><p> <b>Market opportunity</b></p><p><blockquote><b>市场机会</b></blockquote></p><p> In 2020, 3.2m electric vehicles were sold in the world which represented a small market share of just 4.2%. China, however, was responsible for buying 41% of all electric vehicles in the world in 2020. Chinese buyers purchased 1.3m electric vehicles last year and sales are set to grow fast as Beijing seeks to boost EV adoption. The second largest market for electric vehicles was Europe which accounted for 42% of global EV sales. The US is only the third-largest market for plug-in electric vehicles in the world.</p><p><blockquote>2020年，全球电动汽车销量为320万辆，市场份额仅为4.2%。然而，2020 年，中国购买了全球 41% 的电动汽车。去年，中国买家购买了 130 万辆电动汽车，随着北京寻求促进电动汽车的普及，销量将快速增长。电动汽车的第二大市场是欧洲，占全球电动汽车销量的42%。美国只是全球第三大插电式电动汽车市场。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b48c23b32134542f51227d9b1b612887\" tg-width=\"1083\" tg-height=\"863\"><span>(Source: Wikipedia)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：维基百科）</span></p></blockquote></p><p> China, by far, is the fastest growing EV market in the world, although Europe is catching up fast, in part due to a legislative efforts to increase adoption of zero-emission passenger vehicles and because of massive investments in a Europe-wide charging station network. NIO is&nbsp;on the cusp of entering the European market&nbsp;in a bid to grow market share in the world’s second-largest EV market before the competition is ready.</p><p><blockquote>到目前为止，中国是世界上增长最快的电动汽车市场，尽管欧洲正在迅速迎头赶上，部分原因是立法努力增加零排放乘用车的采用，以及对欧洲范围内充电站网络的大量投资。蔚来正处于进军欧洲市场的风口浪尖，希望在竞争准备就绪之前扩大其在世界第二大电动汽车市场的市场份额。</blockquote></p><p> Beijing is a driver behind the electrification of the Chinese auto industry: The government wants to see a&nbsp;twenty percent share&nbsp;of electric vehicles for new car sales by 2025 which will drive EV penetration in NIO’s home market.</p><p><blockquote>中国政府是蔚来汽车工业电气化的推动者： 中国政府希望到 2025 年，电动汽车在新车销售中所占份额达到 20%，这将推动电动汽车在中国本土市场的普及。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9871e44eaf69adb27151425887870ace\" tg-width=\"739\" tg-height=\"454\"><span>(Source:Schroders)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：施罗德）</span></p></blockquote></p><p> Turning to growth projections.</p><p><blockquote>转向增长预测。</blockquote></p><p> With more favorable government policies for EV makers in places like China and Europe, these markets are poised to see the fastest sales growth and the highest EV adoption rates in the world. China is not only the largest market due to population size but is also expected to outperform all other markets in the world in EV sales until 2030.</p><p><blockquote>随着中国和欧洲等地政府对电动汽车制造商采取更有利的政策，这些市场将迎来世界上最快的销售增长和最高的电动汽车采用率。由于人口规模，中国不仅是最大的市场，而且预计到2030年，电动汽车销量将超过全球所有其他市场。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/61d19dff2f34e2d8828aca854e85d84a\" tg-width=\"825\" tg-height=\"565\"><span>(Source:McKinsey)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：麦肯锡）</span></p></blockquote></p><p> Since China has a larger total market size, a higher EV adoption rate, stronger expected sales growth and a more favorable regulatory framework, the winner here would be: NIO.</p><p><blockquote>由于中国拥有更大的总市场规模、更高的电动汽车采用率、更强劲的预期销售增长和更有利的监管框架，这里的赢家将是：蔚来。</blockquote></p><p> <b>Scale and manufacturing competence</b></p><p><blockquote><b>规模和制造能力</b></blockquote></p><p> Ford has a century’s worth of manufacturing experience. But Ford, so far, has only one all-electric vehicle in its product line-up that compares to NIO: The Mustang Mach-E SUV. In 2022, Ford will begin to sell the all-electric F-150 Lightening which builds on the success of Ford’s best-selling pick-up truck. NIO already has a stronger product catalog including the 5-seater ES6 SUV, the 5-seater coupe SUV EC6 and the ES8, a 6-seater and 7-seater full-sized SUV.</p><p><blockquote>福特拥有百年的制造经验。但到目前为止，福特的产品阵容中只有一款与蔚来相比的全电动汽车：野马 Mach-E SUV。2022 年，福特将开始销售全电动 F-150 Lightening，该车建立在福特最畅销皮卡车的成功基础上。蔚来已经拥有更强大的产品目录，包括5座ES6 SUV、5座轿跑车SUV EC6以及6座和7座全尺寸SUV ES8。</blockquote></p><p></p><p> Since NIO is solely focused on producing EVs and occupies a very small and defined niche, the Chinese firm has an advantage as far as EV-manufacturing expertise goes. The question is how long this advantage can last. Ford has extensive experience in building cars and can leverage a global manufacturing base to ramp up EV production faster than any niche EV maker could ever hope to achieve. This makes Ford a very serious rival not only to Tesla (TSLA) in the US, but also to NIO abroad. Ford is accelerating its electrification plans and it has the resources and the ambition to become a leader in EVs within the next decade. Ford’s proposed $30B spending on the electrification of its fleet will accelerate its transformation and turn Ford into a long term threat to other EV makers.</p><p><blockquote>由于蔚来只专注于生产电动汽车，并且占据了一个非常小且明确的利基市场，这家中国公司在电动汽车制造专业知识方面具有优势。问题是这种优势能持续多久。福特在制造汽车方面拥有丰富的经验，可以利用全球制造基地以比任何利基电动汽车制造商希望实现的速度更快地提高电动汽车产量。这使得福特不仅在美国是特斯拉（TSLA）的有力竞争对手，而且在国外也是蔚来的有力竞争对手。福特正在加速其电气化计划，它有资源和雄心在未来十年内成为电动汽车的领导者。福特提议斥资 300 亿美元用于车队电气化，这将加速其转型，并使福特成为其他电动汽车制造商的长期威胁。</blockquote></p><p> Winner here: Ford.</p><p><blockquote>这里的赢家：福特。</blockquote></p><p> <b>Differentiation and BaaS revenue model</b></p><p><blockquote><b>差异化与BaaS收入模式</b></blockquote></p><p> Both Ford and NIO know about the importance of differentiation in a market that will only get more competitive over time, which is why both companies are investing heavily in a related field that can break or solidify dominance in the EV market: Battery technology.</p><p><blockquote>福特和蔚来都知道差异化在这个市场中的重要性，随着时间的推移，这个市场只会变得更加竞争，这就是为什么两家公司都在一个相关领域大力投资，这个领域可以打破或巩固电动汽车市场的主导地位：电池技术。</blockquote></p><p> Ford is&nbsp;forming a joint venture&nbsp;with South Korean battery technology company SK Innovation to secure supply of traction battery cells and array modules. The joint venture is meant to accelerate battery deliveries and will produce approximately 60 GWh annually, enough to cover 25% of Ford’s estimated annual energy demand by 2030. NIO is also investing in battery technology and has&nbsp;formed its own joint venture&nbsp;to secure battery supply.</p><p><blockquote>福特正在与韩国电池技术公司 SK Innovation 成立一家合资企业，以确保牵引电池芯和阵列模块的供应。该合资企业旨在加快电池交付速度，年产量约为 60 GWh，足以满足福特到 2030 年预计年能源需求的 25%。蔚来也在投资电池技术，并组建了自己的合资企业来确保电池供应。</blockquote></p><p> The difference to Ford is that NIO’s battery investment strategy revolves around a battery subscription model, also called “battery-as-a-service”, which creates a strong, long term revenue opportunity for the Chinese vehicle maker. Under this “BaaS” model, users who buy a NIO electric vehicle get a 70,000 RMB initial discount, equivalent to $10,800, and can sign up for a monthly subscription to rent a rechargeable 70 kWh battery. Batteries can then be exchanged at one of NIO’s battery-swapping stations which can be found in most big Chinese cities. A battery subscription costs 980 RMB monthly which is the equivalent of $150.</p><p><blockquote>与福特不同的是，蔚来的电池投资战略围绕着电池订阅模式，也称为 “电池即服务 ”，这为这家中国汽车制造商创造了一个强大的长期收入机会。在这种 “BaaS” 模式下，用户购买蔚来电动汽车可获得 7 万元人民币的初始折扣，折合 1.08 万美元，并可签约包月租赁 70 千瓦时的可充电电池。然后可以在蔚来的换电站更换电池，这些换电站在中国大多数大城市都有。电池订阅费用为每月980元人民币，相当于150美元。</blockquote></p><p> The BaaS model has a couple of benefits for both the vehicle maker and the user: Purchasing an electric vehicle from NIO gets a lot more affordable due to the up-front discount and the subscription model ensures that users benefit from advancement in battery technology and better performance over time. Decoupling battery costs from vehicle prices creates an entirely new revenue stream on a subscription basis for NIO. Revenues from “BaaS” subscriptions could be used to increase the density of NIO’s network of charging/replacement stations. The battery subscription model also binds customers to NIO, potentially increasing customer lifetime value.</p><p><blockquote>BaaS模式对汽车制造商和用户都有几个好处：由于前期折扣，从蔚来购买电动汽车变得更加实惠，订阅模式确保用户受益于电池技术的进步和随着时间的推移更好的性能。将电池成本与汽车价格脱钩，为蔚来创造了一个全新的订阅收入流。“BaaS ”订阅的收入可用于增加蔚来充电/换电站网络的密度。电池订阅模式还将客户绑定到蔚来，从而潜在地增加客户的终身价值。</blockquote></p><p> Ford and NIO are primed to benefit from falling battery costs for electric vehicles as they ramp up capital allocations. As more investments flow into developing more efficient batteries, performance will go up and costs will go down which should drive EV adoption and benefit all EV makers. This is because lower battery prices make EVs more competitive to passenger vehicles with combustion engines. But since NIO is structuring a part of its business model explicitly around battery subscriptions, NIO could benefit more than Ford.</p><p><blockquote>随着福特和蔚来增加资本配置，它们有望从电动汽车电池成本下降中受益。随着越来越多的投资流入开发更高效的电池，性能将会提高，成本将会下降，这应该会推动电动汽车的采用并使所有电动汽车制造商受益。这是因为较低的电池价格使电动汽车比内燃机乘用车更具竞争力。但由于蔚来明确围绕电池订阅构建部分商业模式，蔚来可能会比福特受益更多。</blockquote></p><p> Battery costs for EVs have decreased 70% since 2014, based on information provided by investment firm Schroders, and are set to decrease more this decade.</p><p><blockquote>根据投资公司施罗德提供的信息，自 2014 年以来，电动汽车的电池成本已下降 70%，并且本十年还将进一步下降。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c42acb75905affe7570a2f399ea3192f\" tg-width=\"758\" tg-height=\"449\"><span>(Source: Schroders)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：施罗德）</span></p></blockquote></p><p> The “BaaS” model is genius and could develop into a $500M a year revenue opportunity for NIO long term. Although Ford is ramping up its investments in battery technology, the winner in this category is: NIO.</p><p><blockquote>“BaaS ”模式是天才之作，从长远来看，它可能会发展成为蔚来每年 5 亿美元的收入机会。尽管福特正在加大对电池技术的投资，但这一类别的赢家是：蔚来。</blockquote></p><p> <b>Sales growth and valuation</b></p><p><blockquote><b>销售增长和估值</b></blockquote></p><p> Ford’s sales in May grew 4.1% Y/Y but electrified vehicle sales (including hybrids) surged 184% Y/Y as Ford sold a record 10,364 EVs/hybrids in May. Escape electrified sales and Explorer Hybrid grew sales at 125% and 132% Y/Y showing strong customer uptake. NIO delivered 6,711 vehicles last month including 3,017 ES6s, 1,412 ES8s and 2,282 EC6s. Total Y/Y delivery growth for May was 95.3%.</p><p><blockquote>福特 5 月份的销量同比增长 4.1%，但电动汽车销量（包括混合动力汽车）同比激增 184%，福特 5 月份售出了创纪录的 10,364 辆电动汽车/混合动力汽车。Escape electrified 和 Explorer Hybrid 的销量分别同比增长 125% 和 132%，显示出强劲的客户吸引力。蔚来上个月交付了 6,711 辆汽车，其中包括 3,017 辆 ES6、1,412 辆 ES8 和 2,282 辆 EC6。5 月份总交付量同比增长 95.3%。</blockquote></p><p> Ford's sales are fifty-four times larger than NIO's which creates more sales growth and revaluation potential for NIO.</p><p><blockquote>福特的销量是蔚来汽车的54倍，这为蔚来创造了更多的销售增长和重估潜力。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/df5a0a393e44ed74241c5effcdd92350\" tg-width=\"635\" tg-height=\"419\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据由YCharts提供</span></p></blockquote></p><p></p><p> The difference in valuation between Ford and NIO is like the difference between night and day. This is because Ford is still seen as a mature vehicle maker with expected enterprise sales growth in the low-to-mid digits, despite explosive growth in the EV category. Ford is expected to grow revenues by 33% until FY 2025 (base year: FY 2020) and NIO by 808%!</p><p><blockquote>福特和蔚来之间的估值差异就像黑夜和白天之间的差异。这是因为尽管电动汽车类别实现了爆炸式增长，但福特仍被视为一家成熟的汽车制造商，预计企业销量增长将达到中低位数。福特预计到 2025 财年（基准年：2020 财年）收入将增长 33%，蔚来将增长 808%!</blockquote></p><p> Due to these differences in sales growth, NIO is the complete opposite of Ford, at least as far as valuation goes. The Chinese EV-maker is expected to see sales and delivery growth close to 100% this year and since NIO is only dealing in EVs, NIO gets a much higher market-cap-to-sales ratio than Ford.</p><p><blockquote>由于销售增长的这些差异，蔚来与福特完全相反，至少就估值而言是这样。这家中国电动汽车制造商预计今年的销量和交付量将增长接近 100%，由于蔚来只销售电动汽车，蔚来的市值与销量之比远高于福特。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/817605c6b1e82c03d0473ea570d32b8f\" tg-width=\"506\" tg-height=\"406\"><span>(Source: Author)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：作者）</span></p></blockquote></p><p> <b>NIO has larger risks...</b></p><p><blockquote><b>蔚来有更大的风险……</b></blockquote></p><p> NIO is the more risky venture, but also the one that offers the most promise. Government policy favors EV-makers like NIO. The potential for total global sales growth is larger for NIO as it operates from a smaller revenue base compared to Ford. But there are also a few things that work against NIO. For example, recalls due to production defects would be a much bigger challenge for NIO to overcome than for Ford which can rely on a global service and distribution network. NIO’s valuation is also not without risk as an unexpected slowing of sales growth due to production setbacks would leave a much larger dent in the financials.</p><p><blockquote>蔚来是风险更大的企业，但也是最有希望的企业。政府政策有利于蔚来等电动汽车制造商。与福特相比，蔚来的全球总销售额增长潜力更大，因为它的营收基础较小。但也有一些事情对蔚来不利。例如，与可以依赖全球服务和分销网络的福特相比，由于生产缺陷导致的召回对于蔚来来说将是一个更大的挑战。蔚来的估值也并非没有风险，因为生产受挫导致销售增长意外放缓，将对财务状况造成更大影响。</blockquote></p><p> <b>Final verdict</b></p><p><blockquote><b>最终判决</b></blockquote></p><p> NIO is definitely the more “sexy” vehicle maker. Strong adoption and sales growth in China and Europe support NIO. Its super smart BaaS model which decouples vehicle purchase prices from battery costs is genius. You pay a high price for this growth but the market opportunity for NIO is immense.</p><p><blockquote>蔚来绝对是更 “性感 ”的汽车制造商。在中国和欧洲的强劲采用率和销售增长支持了蔚来。其超级智能BaaS模型将车辆购买价格与电池成本脱钩，堪称天才。你为这种增长付出了高昂的代价，但蔚来的市场机会是巨大的。</blockquote></p><p> Ford’s EV sales are booming and the percentage of EV sales will increase as the vehicle maker electrifies its fleet. Ford has a lot of potential in the EV market but since EV sales are still a relatively low percentage of total sales, it will take a long time for Ford to complete its transformation.</p><p><blockquote>福特的电动汽车销量正在蓬勃发展，随着该汽车制造商车队电气化，电动汽车销量的比例也将不断增加。福特在电动汽车市场潜力巨大，但由于电动汽车销量占总销量的比例仍然相对较低，福特需要很长时间才能完成转型。</blockquote></p><p> If you believe in the potential of the global EV market, buy NIO. If you believe in the potential of the global EV market and don’t like much risk, buy Ford.</p><p><blockquote>如果您相信全球电动汽车市场的潜力，请购买蔚来。如果你相信全球电动汽车市场的潜力，又不喜欢太大的风险，那就买福特吧。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4436600-ford-or-nio-the-final-verdict\">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":{"NIO":"蔚来","F":"福特汽车"},"source_url":"https://seekingalpha.com/article/4436600-ford-or-nio-the-final-verdict","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1137119316","content_text":"Summary\n\nI am comparing Ford against NIO in different categories.\nThe comparison is intended to improve the understanding of Ford's and NIO's growth potential while highlighting differences in market position and opportunities.\nNIO is growing a lot faster than Ford and the high valuation may be justified.\n\npeterschreiber.media/iStock via Getty Images\nWith Ford (F) launching a major offensive in the market for electric vehicles, Chinese EV maker NIO (NIO) will face one more rival competing for sales in the future. Which vehicle maker offers the best deal based on market opportunity, scale, revenue model, growth prospects and valuation? I will compare Ford against NIO in each category and issue a final verdict at the end.\nFord vs. NIO: The battle for the global electric vehicle market is heating up\nAlthough there is a world of difference between Ford and NIO, both companies are set to go toe-to-toe in the rapidly growing global electric vehicle market. Ford’s fleet is not yet EV-focused but this is going to change: Feeling that the EV race is heating up, Ford said it is accelerating its electrification plan by investing $30B into its EV manufacturing capabilities until 2025. Ford’s previous capital plan called for a $22B investment in zero-emission vehicles. Ford also set an ambitious sales goal: 40% of its global sales will be electric within the next decade and 33% of pickup truck sales. Electric vehicle sales account for just 1% of Ford's sales today. As Ford is phasing out combustion engines, it is set to evolve into an all-electric vehicle maker by 2040.\nMarket opportunity\nIn 2020, 3.2m electric vehicles were sold in the world which represented a small market share of just 4.2%. China, however, was responsible for buying 41% of all electric vehicles in the world in 2020. Chinese buyers purchased 1.3m electric vehicles last year and sales are set to grow fast as Beijing seeks to boost EV adoption. The second largest market for electric vehicles was Europe which accounted for 42% of global EV sales. The US is only the third-largest market for plug-in electric vehicles in the world.\n(Source: Wikipedia)\nChina, by far, is the fastest growing EV market in the world, although Europe is catching up fast, in part due to a legislative efforts to increase adoption of zero-emission passenger vehicles and because of massive investments in a Europe-wide charging station network. NIO is on the cusp of entering the European market in a bid to grow market share in the world’s second-largest EV market before the competition is ready.\nBeijing is a driver behind the electrification of the Chinese auto industry: The government wants to see a twenty percent share of electric vehicles for new car sales by 2025 which will drive EV penetration in NIO’s home market.\n(Source:Schroders)\nTurning to growth projections.\nWith more favorable government policies for EV makers in places like China and Europe, these markets are poised to see the fastest sales growth and the highest EV adoption rates in the world. China is not only the largest market due to population size but is also expected to outperform all other markets in the world in EV sales until 2030.\n(Source:McKinsey)\nSince China has a larger total market size, a higher EV adoption rate, stronger expected sales growth and a more favorable regulatory framework, the winner here would be: NIO.\nScale and manufacturing competence\nFord has a century’s worth of manufacturing experience. But Ford, so far, has only one all-electric vehicle in its product line-up that compares to NIO: The Mustang Mach-E SUV. In 2022, Ford will begin to sell the all-electric F-150 Lightening which builds on the success of Ford’s best-selling pick-up truck. NIO already has a stronger product catalog including the 5-seater ES6 SUV, the 5-seater coupe SUV EC6 and the ES8, a 6-seater and 7-seater full-sized SUV.\nSince NIO is solely focused on producing EVs and occupies a very small and defined niche, the Chinese firm has an advantage as far as EV-manufacturing expertise goes. The question is how long this advantage can last. Ford has extensive experience in building cars and can leverage a global manufacturing base to ramp up EV production faster than any niche EV maker could ever hope to achieve. This makes Ford a very serious rival not only to Tesla (TSLA) in the US, but also to NIO abroad. Ford is accelerating its electrification plans and it has the resources and the ambition to become a leader in EVs within the next decade. Ford’s proposed $30B spending on the electrification of its fleet will accelerate its transformation and turn Ford into a long term threat to other EV makers.\nWinner here: Ford.\nDifferentiation and BaaS revenue model\nBoth Ford and NIO know about the importance of differentiation in a market that will only get more competitive over time, which is why both companies are investing heavily in a related field that can break or solidify dominance in the EV market: Battery technology.\nFord is forming a joint venture with South Korean battery technology company SK Innovation to secure supply of traction battery cells and array modules. The joint venture is meant to accelerate battery deliveries and will produce approximately 60 GWh annually, enough to cover 25% of Ford’s estimated annual energy demand by 2030. NIO is also investing in battery technology and has formed its own joint venture to secure battery supply.\nThe difference to Ford is that NIO’s battery investment strategy revolves around a battery subscription model, also called “battery-as-a-service”, which creates a strong, long term revenue opportunity for the Chinese vehicle maker. Under this “BaaS” model, users who buy a NIO electric vehicle get a 70,000 RMB initial discount, equivalent to $10,800, and can sign up for a monthly subscription to rent a rechargeable 70 kWh battery. Batteries can then be exchanged at one of NIO’s battery-swapping stations which can be found in most big Chinese cities. A battery subscription costs 980 RMB monthly which is the equivalent of $150.\nThe BaaS model has a couple of benefits for both the vehicle maker and the user: Purchasing an electric vehicle from NIO gets a lot more affordable due to the up-front discount and the subscription model ensures that users benefit from advancement in battery technology and better performance over time. Decoupling battery costs from vehicle prices creates an entirely new revenue stream on a subscription basis for NIO. Revenues from “BaaS” subscriptions could be used to increase the density of NIO’s network of charging/replacement stations. The battery subscription model also binds customers to NIO, potentially increasing customer lifetime value.\nFord and NIO are primed to benefit from falling battery costs for electric vehicles as they ramp up capital allocations. As more investments flow into developing more efficient batteries, performance will go up and costs will go down which should drive EV adoption and benefit all EV makers. This is because lower battery prices make EVs more competitive to passenger vehicles with combustion engines. But since NIO is structuring a part of its business model explicitly around battery subscriptions, NIO could benefit more than Ford.\nBattery costs for EVs have decreased 70% since 2014, based on information provided by investment firm Schroders, and are set to decrease more this decade.\n(Source: Schroders)\nThe “BaaS” model is genius and could develop into a $500M a year revenue opportunity for NIO long term. Although Ford is ramping up its investments in battery technology, the winner in this category is: NIO.\nSales growth and valuation\nFord’s sales in May grew 4.1% Y/Y but electrified vehicle sales (including hybrids) surged 184% Y/Y as Ford sold a record 10,364 EVs/hybrids in May. Escape electrified sales and Explorer Hybrid grew sales at 125% and 132% Y/Y showing strong customer uptake. NIO delivered 6,711 vehicles last month including 3,017 ES6s, 1,412 ES8s and 2,282 EC6s. Total Y/Y delivery growth for May was 95.3%.\nFord's sales are fifty-four times larger than NIO's which creates more sales growth and revaluation potential for NIO.\nData by YCharts\nThe difference in valuation between Ford and NIO is like the difference between night and day. This is because Ford is still seen as a mature vehicle maker with expected enterprise sales growth in the low-to-mid digits, despite explosive growth in the EV category. Ford is expected to grow revenues by 33% until FY 2025 (base year: FY 2020) and NIO by 808%!\nDue to these differences in sales growth, NIO is the complete opposite of Ford, at least as far as valuation goes. The Chinese EV-maker is expected to see sales and delivery growth close to 100% this year and since NIO is only dealing in EVs, NIO gets a much higher market-cap-to-sales ratio than Ford.\n(Source: Author)\nNIO has larger risks...\nNIO is the more risky venture, but also the one that offers the most promise. Government policy favors EV-makers like NIO. The potential for total global sales growth is larger for NIO as it operates from a smaller revenue base compared to Ford. But there are also a few things that work against NIO. For example, recalls due to production defects would be a much bigger challenge for NIO to overcome than for Ford which can rely on a global service and distribution network. NIO’s valuation is also not without risk as an unexpected slowing of sales growth due to production setbacks would leave a much larger dent in the financials.\nFinal verdict\nNIO is definitely the more “sexy” vehicle maker. Strong adoption and sales growth in China and Europe support NIO. Its super smart BaaS model which decouples vehicle purchase prices from battery costs is genius. You pay a high price for this growth but the market opportunity for NIO is immense.\nFord’s EV sales are booming and the percentage of EV sales will increase as the vehicle maker electrifies its fleet. Ford has a lot of potential in the EV market but since EV sales are still a relatively low percentage of total sales, it will take a long time for Ford to complete its transformation.\nIf you believe in the potential of the global EV market, buy NIO. If you believe in the potential of the global EV market and don’t like much risk, buy Ford.","news_type":1,"symbols_score_info":{"NIO":0.9,"F":0.9}},"isVote":1,"tweetType":1,"viewCount":5252,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":126368299,"gmtCreate":1624544930611,"gmtModify":1634004584831,"author":{"id":"3572478889900546","authorId":"3572478889900546","name":"leongsiak","avatar":"https://static.tigerbbs.com/1027f096cd968667d18cb31e27f3607a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572478889900546","idStr":"3572478889900546"},"themes":[],"title":"","htmlText":"Will this become future standard&nbsp;[呆住]&nbsp;","listText":"Will this become future standard&nbsp;[呆住]&nbsp;","text":"Will this become future standard [呆住]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/126368299","repostId":"1143833110","repostType":4,"repost":{"id":"1143833110","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":1624542572,"share":"https://www.laohunote.com/m/news/1143833110?lang=zh_CN&edition=full","pubTime":"2021-06-24 21:49","market":"us","language":"en","title":"Luminar rose 12% in morning trading<blockquote>Luminar 早盘交易中上涨 12%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1143833110","media":"Tiger Newspress","summary":"(June 24) Luminar rose 12% in morning trading.\n\nLuminar Technologies CFO Tom Fennimore says the comp","content":"<p>(June 24)&nbsp;Luminar rose 12% in morning trading.</p><p><blockquote>（6月24日）Luminar在早盘交易中上涨12%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/c35c21d86e92f27ee5143c2e0fc56192\" tg-width=\"658\" tg-height=\"438\"></p><p><blockquote></blockquote></p><p> Luminar Technologies&nbsp;CFO&nbsp;Tom Fennimore says the company targets becoming profitable in 2024.</p><p><blockquote>Luminar Technologies 首席财务官 Tom Fennimore 表示，该公司的目标是在 2024 年实现盈利。</blockquote></p><p> In an interview with<i>The Wall Street Journal</i>, Fennimore reiterates some of the company's full-year goals, weeks after sample versions of its lidar sensors went into production at a contract manufacturing facility in Mexico.</p><p><blockquote>在接受采访时<i>华尔街日报</i>在其激光雷达传感器样品版本在墨西哥的一家合同制造工厂投入生产几周后，芬尼莫尔重申了该公司的一些全年目标。</blockquote></p><p> Fennimore says the company aims to end the year with more cash than at the beginning. The company had $485.7M in liquidity as of December 31, 2020. As of March 31, liquidity stood at $610.3M.</p><p><blockquote>芬尼莫尔说，公司的目标是在年底拥有比年初更多的现金。截至2020年12月31日，该公司拥有4.857亿美元的流动资金。截至3月31日，流动性为6.103亿美元。</blockquote></p><p> The CFO says the extra cash will cushion the company against any potential \"bump on the road.\"</p><p><blockquote>首席财务官表示，额外的现金将缓冲公司任何潜在的“道路上的颠簸”。</blockquote></p><p> Luminar's existing automaker relationships include Volvo, Daimler, and SAIC.</p><p><blockquote>Luminar 现有的汽车制造商合作关系包括沃尔沃、戴姆勒和上汽集团。</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>Luminar rose 12% in morning trading<blockquote>Luminar 早盘交易中上涨 12%</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\">\nLuminar rose 12% in morning trading<blockquote>Luminar 早盘交易中上涨 12%</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-06-24 21:49</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>(June 24)&nbsp;Luminar rose 12% in morning trading.</p><p><blockquote>（6月24日）Luminar在早盘交易中上涨12%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/c35c21d86e92f27ee5143c2e0fc56192\" tg-width=\"658\" tg-height=\"438\"></p><p><blockquote></blockquote></p><p> Luminar Technologies&nbsp;CFO&nbsp;Tom Fennimore says the company targets becoming profitable in 2024.</p><p><blockquote>Luminar Technologies 首席财务官 Tom Fennimore 表示，该公司的目标是在 2024 年实现盈利。</blockquote></p><p> In an interview with<i>The Wall Street Journal</i>, Fennimore reiterates some of the company's full-year goals, weeks after sample versions of its lidar sensors went into production at a contract manufacturing facility in Mexico.</p><p><blockquote>在接受采访时<i>华尔街日报</i>在其激光雷达传感器样品版本在墨西哥的一家合同制造工厂投入生产几周后，芬尼莫尔重申了该公司的一些全年目标。</blockquote></p><p> Fennimore says the company aims to end the year with more cash than at the beginning. The company had $485.7M in liquidity as of December 31, 2020. As of March 31, liquidity stood at $610.3M.</p><p><blockquote>芬尼莫尔说，公司的目标是在年底拥有比年初更多的现金。截至2020年12月31日，该公司拥有4.857亿美元的流动资金。截至3月31日，流动性为6.103亿美元。</blockquote></p><p> The CFO says the extra cash will cushion the company against any potential \"bump on the road.\"</p><p><blockquote>首席财务官表示，额外的现金将缓冲公司任何潜在的“道路上的颠簸”。</blockquote></p><p> Luminar's existing automaker relationships include Volvo, Daimler, and SAIC.</p><p><blockquote>Luminar 现有的汽车制造商合作关系包括沃尔沃、戴姆勒和上汽集团。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LAZR":"Tema Photonics & Optical ETF"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1143833110","content_text":"(June 24) Luminar rose 12% in morning trading.\n\nLuminar Technologies CFO Tom Fennimore says the company targets becoming profitable in 2024.\nIn an interview withThe Wall Street Journal, Fennimore reiterates some of the company's full-year goals, weeks after sample versions of its lidar sensors went into production at a contract manufacturing facility in Mexico.\nFennimore says the company aims to end the year with more cash than at the beginning. The company had $485.7M in liquidity as of December 31, 2020. As of March 31, liquidity stood at $610.3M.\nThe CFO says the extra cash will cushion the company against any potential \"bump on the road.\"\nLuminar's existing automaker relationships include Volvo, Daimler, and SAIC.","news_type":1,"symbols_score_info":{"LAZR":0.9}},"isVote":1,"tweetType":1,"viewCount":3711,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":167021285,"gmtCreate":1624240065547,"gmtModify":1634009077096,"author":{"id":"3572478889900546","authorId":"3572478889900546","name":"leongsiak","avatar":"https://static.tigerbbs.com/1027f096cd968667d18cb31e27f3607a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572478889900546","idStr":"3572478889900546"},"themes":[],"title":"","htmlText":"We are not ready","listText":"We are not ready","text":"We are not ready","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/167021285","repostId":"1132687524","repostType":4,"isVote":1,"tweetType":1,"viewCount":2713,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":167029015,"gmtCreate":1624239996737,"gmtModify":1634009079620,"author":{"id":"3572478889900546","authorId":"3572478889900546","name":"leongsiak","avatar":"https://static.tigerbbs.com/1027f096cd968667d18cb31e27f3607a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572478889900546","idStr":"3572478889900546"},"themes":[],"title":"","htmlText":"Gold dive water again&nbsp;[流泪]&nbsp;","listText":"Gold dive water again&nbsp;[流泪]&nbsp;","text":"Gold dive water again [流泪]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/167029015","repostId":"1124609704","repostType":4,"isVote":1,"tweetType":1,"viewCount":2801,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":167067296,"gmtCreate":1624239961415,"gmtModify":1634009081052,"author":{"id":"3572478889900546","authorId":"3572478889900546","name":"leongsiak","avatar":"https://static.tigerbbs.com/1027f096cd968667d18cb31e27f3607a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572478889900546","idStr":"3572478889900546"},"themes":[],"title":"","htmlText":"Energy is the next focus when covid-19 recovery on the way","listText":"Energy is the next focus when covid-19 recovery on the way","text":"Energy is the next focus when covid-19 recovery on the way","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/167067296","repostId":"2145707639","repostType":4,"isVote":1,"tweetType":1,"viewCount":1108,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":167065753,"gmtCreate":1624239901372,"gmtModify":1634009082735,"author":{"id":"3572478889900546","authorId":"3572478889900546","name":"leongsiak","avatar":"https://static.tigerbbs.com/1027f096cd968667d18cb31e27f3607a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572478889900546","idStr":"3572478889900546"},"themes":[],"title":"","htmlText":"Stress test is norm for all banks when they are high roller in asset bubble.&nbsp;[笑哭]&nbsp;","listText":"Stress test is norm for all banks when they are high roller in asset bubble.&nbsp;[笑哭]&nbsp;","text":"Stress test is norm for all banks when they are high roller in asset bubble. [笑哭]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/167065753","repostId":"1182485162","repostType":4,"isVote":1,"tweetType":1,"viewCount":2326,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":169735770,"gmtCreate":1623850664190,"gmtModify":1634027113329,"author":{"id":"3572478889900546","authorId":"3572478889900546","name":"leongsiak","avatar":"https://static.tigerbbs.com/1027f096cd968667d18cb31e27f3607a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572478889900546","idStr":"3572478889900546"},"themes":[],"title":"","htmlText":"Feb meeting is critical...&nbsp;","listText":"Feb meeting is critical...&nbsp;","text":"Feb meeting is critical...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/169735770","repostId":"1118154026","repostType":4,"repost":{"id":"1118154026","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":1623850220,"share":"https://www.laohunote.com/m/news/1118154026?lang=zh_CN&edition=full","pubTime":"2021-06-16 21:30","market":"us","language":"en","title":"S&P 500 is flat near a record with all eyes on Federal Reserve’s update<blockquote>标普500持平于创纪录水平，所有人的目光都集中在美联储的最新消息上</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1118154026","media":"Tiger Newspress","summary":"U.S. stocks were mostly flat on Wednesday ahead of theFederal Reserve’s updateon monetary policy.\nTh","content":"<p>U.S. stocks were mostly flat on Wednesday ahead of theFederal Reserve’s updateon monetary policy.</p><p><blockquote>在美联储更新货币政策之前，美国股市周三基本持平。</blockquote></p><p>  The Dow Jones Industrial Average traded 20 points higher. The S&amp;P 500 inched up 0.1%, sitting just a few points below an all-time high reached in the previous session. The tech-heavy Nasdaq Composite edged up 0.2%.</p><p><blockquote>道琼斯工业平均指数上涨20点。标普500小幅上涨 0.1%，仅比前一交易日创下的历史高点低几个百分点。以科技股为主的纳斯达克综合指数小幅上涨 0.2%。</blockquote></p><p>  Large tech shares like Tesla and Nvidia were slightly lower, while shares of economic reopening plays Royal Caribbean and Carnival gained 1% each.</p><p><blockquote>特斯拉和英伟达等大型科技股小幅下跌，而经济重新开放的皇家加勒比公司和嘉年华公司的股票均上涨 1%。</blockquote></p><p>  Stocks pulled back from record levels duringTuesday’s trading session, with the S&amp;P 500 closing 0.2% lower after hitting an all-time intraday high earlier in the day. The Dow slid nearly 100 points and the Nasdaq Composite dipped 0.7% amid weakness in shares of Big Tech.</p><p><blockquote>周二交易时段，股市从创纪录水平回落，标普500指数在当天早些时候创下盘中历史新高后收盘下跌 0.2%。由于大型科技股疲软，道琼斯指数下跌近 100 点，纳斯达克综合指数下跌 0.7%。</blockquote></p><p>  The Federal Reserve kicked off its two-day meeting on Tuesday. The central bank is not expected to make any policy moves, but it could signal that it’s beginning to think abouteasing its bond-buying policy. The Fed will also release new forecasts on Wednesday, which could indicate a possible first rate hike penciled in for 2023. Previously, Fed officials hadn’t come to a consensus for a rate hike through 2023.</p><p><blockquote>美联储周二开始了为期两天的会议。预计央行不会采取任何政策举措，但这可能表明央行开始考虑放松债券购买政策。美联储还将于周三发布新的预测，这可能表明 2023 年可能首次加息。此前，美联储官员尚未就2023年加息达成共识。</blockquote></p><p>  The Fed’s statement and forecasts will come out at 2 p.m. ET followed by a press conference by Chairman Jerome Powell 30 minutes later.</p><p><blockquote>美联储的声明和预测将于美国东部时间下午 2 点发布，30 分钟后主席杰罗姆-鲍威尔将召开新闻发布会。</blockquote></p><p>  The meeting comes as inflation heats up, with producer prices rising at their fastest annual rate in nearly 11 years duringMay, a report on Tuesday showed. This has prompted some, including Paul Tudor Jones, to call for the central bank to re-think its easy monetary policy.</p><p><blockquote>周二的一份报告显示，此次会议召开之际，通胀正在升温，5 月份生产者价格以近 11 年来最快的年增长率上涨。这促使包括Paul Tudor Jones在内的一些人看涨期权要求央行重新考虑其宽松的货币政策。</blockquote></p><p>  \"I still think&nbsp;equities are going higher,\" BlackRock global bond chief&nbsp;Rick Rieder&nbsp;said on CNBC's \"Squawk Box\" on Wednesday.&nbsp;\"If we don't hear anything&nbsp;different, then I worry a little&nbsp;bit about risk&nbsp;the system creates — you can&nbsp;create asset bubbles&nbsp;you can create leverage.&nbsp;We've seen markets that are a&nbsp;little bit concerning with&nbsp;literally zero spread to them&nbsp;for risk assets.\"</p><p><blockquote>“贝莱德全球债券主管里克-里德（Rick Rieder）周三在 CNBC 的 “Squawk Box ”节目中表示：”我仍然认为股市正在走高。“如果我们没有听到任何不同的声音，那么我有点担心这个系统会产生风险--你可以制造资产泡沫，也可以制造杠杆。我们已经看到一些市场有点担心风险资产的利差实际上为零。”</blockquote></p><p>  The central bank has been buying $120 billion worth of bonds each month as the economy continues to recover from the coronavirus pandemic.</p><p><blockquote>随着经济继续从冠状病毒大流行中复苏，央行每月购买价值1200亿美元的债券。</blockquote></p><p>  \"The drama this week will be whether the Fed sits tight or admits that inflation is rising and that the Fed needs to tighten,\" said Brad McMillan, CIO at Commonwealth Financial Network. \"Since the Fed has a dual mandate—unemployment and inflation—that suggests it should indeed keep its focus on unemployment, rather than inflation.\"</p><p><blockquote>Commonwealth Financial Network 首席信息官布拉德·麦克米伦 (Brad McMillan) 表示：“本周的戏剧性事件将是美联储是否保持紧缩政策，还是承认通胀正在上升以及美联储需要紧缩政策。”“由于美联储有双重任务——失业和通胀——这表明它确实应该继续关注失业，而不是通胀。”</blockquote></p><p>  Minutes from the central bank's last meeting showed that some Fed officials said it could be appropriate to start discussing adjustments to the bond-buying program should the economy continue to recover. Economists predict that while some of these discussions could begin, concrete details will not be revealed until later this year.</p><p><blockquote>央行上次会议纪要显示，一些美联储官员表示，如果经济继续复苏，开始讨论调整债券购买计划可能是合适的。经济学家预测，虽然其中一些讨论可能会开始，但具体细节要到今年晚些时候才会披露。</blockquote></p><p>  On Wednesday,China said it will release industrial metalsincluding copper, aluminum and zinc from its national reserves to curb commodity prices. Copper price has fallen more than 10% from its record high, dipping into correction territory on Tuesday.</p><p><blockquote>周三，中国表示将从国家储备中释放铜、铝和锌等工业金属，以抑制大宗商品价格。铜价已从历史高点下跌超过10%，周二跌入回调区域。</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 is flat near a record with all eyes on Federal Reserve’s update<blockquote>标普500持平于创纪录水平，所有人的目光都集中在美联储的最新消息上</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 is flat near a record with all eyes on Federal Reserve’s update<blockquote>标普500持平于创纪录水平，所有人的目光都集中在美联储的最新消息上</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-06-16 21:30</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>U.S. stocks were mostly flat on Wednesday ahead of theFederal Reserve’s updateon monetary policy.</p><p><blockquote>在美联储更新货币政策之前，美国股市周三基本持平。</blockquote></p><p>  The Dow Jones Industrial Average traded 20 points higher. The S&amp;P 500 inched up 0.1%, sitting just a few points below an all-time high reached in the previous session. The tech-heavy Nasdaq Composite edged up 0.2%.</p><p><blockquote>道琼斯工业平均指数上涨20点。标普500小幅上涨 0.1%，仅比前一交易日创下的历史高点低几个百分点。以科技股为主的纳斯达克综合指数小幅上涨 0.2%。</blockquote></p><p>  Large tech shares like Tesla and Nvidia were slightly lower, while shares of economic reopening plays Royal Caribbean and Carnival gained 1% each.</p><p><blockquote>特斯拉和英伟达等大型科技股小幅下跌，而经济重新开放的皇家加勒比公司和嘉年华公司的股票均上涨 1%。</blockquote></p><p>  Stocks pulled back from record levels duringTuesday’s trading session, with the S&amp;P 500 closing 0.2% lower after hitting an all-time intraday high earlier in the day. The Dow slid nearly 100 points and the Nasdaq Composite dipped 0.7% amid weakness in shares of Big Tech.</p><p><blockquote>周二交易时段，股市从创纪录水平回落，标普500指数在当天早些时候创下盘中历史新高后收盘下跌 0.2%。由于大型科技股疲软，道琼斯指数下跌近 100 点，纳斯达克综合指数下跌 0.7%。</blockquote></p><p>  The Federal Reserve kicked off its two-day meeting on Tuesday. The central bank is not expected to make any policy moves, but it could signal that it’s beginning to think abouteasing its bond-buying policy. The Fed will also release new forecasts on Wednesday, which could indicate a possible first rate hike penciled in for 2023. Previously, Fed officials hadn’t come to a consensus for a rate hike through 2023.</p><p><blockquote>美联储周二开始了为期两天的会议。预计央行不会采取任何政策举措，但这可能表明央行开始考虑放松债券购买政策。美联储还将于周三发布新的预测，这可能表明 2023 年可能首次加息。此前，美联储官员尚未就2023年加息达成共识。</blockquote></p><p>  The Fed’s statement and forecasts will come out at 2 p.m. ET followed by a press conference by Chairman Jerome Powell 30 minutes later.</p><p><blockquote>美联储的声明和预测将于美国东部时间下午 2 点发布，30 分钟后主席杰罗姆-鲍威尔将召开新闻发布会。</blockquote></p><p>  The meeting comes as inflation heats up, with producer prices rising at their fastest annual rate in nearly 11 years duringMay, a report on Tuesday showed. This has prompted some, including Paul Tudor Jones, to call for the central bank to re-think its easy monetary policy.</p><p><blockquote>周二的一份报告显示，此次会议召开之际，通胀正在升温，5 月份生产者价格以近 11 年来最快的年增长率上涨。这促使包括Paul Tudor Jones在内的一些人看涨期权要求央行重新考虑其宽松的货币政策。</blockquote></p><p>  \"I still think&nbsp;equities are going higher,\" BlackRock global bond chief&nbsp;Rick Rieder&nbsp;said on CNBC's \"Squawk Box\" on Wednesday.&nbsp;\"If we don't hear anything&nbsp;different, then I worry a little&nbsp;bit about risk&nbsp;the system creates — you can&nbsp;create asset bubbles&nbsp;you can create leverage.&nbsp;We've seen markets that are a&nbsp;little bit concerning with&nbsp;literally zero spread to them&nbsp;for risk assets.\"</p><p><blockquote>“贝莱德全球债券主管里克-里德（Rick Rieder）周三在 CNBC 的 “Squawk Box ”节目中表示：”我仍然认为股市正在走高。“如果我们没有听到任何不同的声音，那么我有点担心这个系统会产生风险--你可以制造资产泡沫，也可以制造杠杆。我们已经看到一些市场有点担心风险资产的利差实际上为零。”</blockquote></p><p>  The central bank has been buying $120 billion worth of bonds each month as the economy continues to recover from the coronavirus pandemic.</p><p><blockquote>随着经济继续从冠状病毒大流行中复苏，央行每月购买价值1200亿美元的债券。</blockquote></p><p>  \"The drama this week will be whether the Fed sits tight or admits that inflation is rising and that the Fed needs to tighten,\" said Brad McMillan, CIO at Commonwealth Financial Network. \"Since the Fed has a dual mandate—unemployment and inflation—that suggests it should indeed keep its focus on unemployment, rather than inflation.\"</p><p><blockquote>Commonwealth Financial Network 首席信息官布拉德·麦克米伦 (Brad McMillan) 表示：“本周的戏剧性事件将是美联储是否保持紧缩政策，还是承认通胀正在上升以及美联储需要紧缩政策。”“由于美联储有双重任务——失业和通胀——这表明它确实应该继续关注失业，而不是通胀。”</blockquote></p><p>  Minutes from the central bank's last meeting showed that some Fed officials said it could be appropriate to start discussing adjustments to the bond-buying program should the economy continue to recover. Economists predict that while some of these discussions could begin, concrete details will not be revealed until later this year.</p><p><blockquote>央行上次会议纪要显示，一些美联储官员表示，如果经济继续复苏，开始讨论调整债券购买计划可能是合适的。经济学家预测，虽然其中一些讨论可能会开始，但具体细节要到今年晚些时候才会披露。</blockquote></p><p>  On Wednesday,China said it will release industrial metalsincluding copper, aluminum and zinc from its national reserves to curb commodity prices. Copper price has fallen more than 10% from its record high, dipping into correction territory on Tuesday.</p><p><blockquote>周三，中国表示将从国家储备中释放铜、铝和锌等工业金属，以抑制大宗商品价格。铜价已从历史高点下跌超过10%，周二跌入回调区域。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1118154026","content_text":"U.S. stocks were mostly flat on Wednesday ahead of theFederal Reserve’s updateon monetary policy.\nThe Dow Jones Industrial Average traded 20 points higher. The S&P 500 inched up 0.1%, sitting just a few points below an all-time high reached in the previous session. The tech-heavy Nasdaq Composite edged up 0.2%.\nLarge tech shares like Tesla and Nvidia were slightly lower, while shares of economic reopening plays Royal Caribbean and Carnival gained 1% each.\nStocks pulled back from record levels duringTuesday’s trading session, with the S&P 500 closing 0.2% lower after hitting an all-time intraday high earlier in the day. The Dow slid nearly 100 points and the Nasdaq Composite dipped 0.7% amid weakness in shares of Big Tech.\nThe Federal Reserve kicked off its two-day meeting on Tuesday. The central bank is not expected to make any policy moves, but it could signal that it’s beginning to think abouteasing its bond-buying policy. The Fed will also release new forecasts on Wednesday, which could indicate a possible first rate hike penciled in for 2023. Previously, Fed officials hadn’t come to a consensus for a rate hike through 2023.\nThe Fed’s statement and forecasts will come out at 2 p.m. ET followed by a press conference by Chairman Jerome Powell 30 minutes later.\nThe meeting comes as inflation heats up, with producer prices rising at their fastest annual rate in nearly 11 years duringMay, a report on Tuesday showed. This has prompted some, including Paul Tudor Jones, to call for the central bank to re-think its easy monetary policy.\n\"I still think equities are going higher,\" BlackRock global bond chief Rick Rieder said on CNBC's \"Squawk Box\" on Wednesday. \"If we don't hear anything different, then I worry a little bit about risk the system creates — you can create asset bubbles you can create leverage. We've seen markets that are a little bit concerning with literally zero spread to them for risk assets.\"\nThe central bank has been buying $120 billion worth of bonds each month as the economy continues to recover from the coronavirus pandemic.\n\"The drama this week will be whether the Fed sits tight or admits that inflation is rising and that the Fed needs to tighten,\" said Brad McMillan, CIO at Commonwealth Financial Network. \"Since the Fed has a dual mandate—unemployment and inflation—that suggests it should indeed keep its focus on unemployment, rather than inflation.\"\nMinutes from the central bank's last meeting showed that some Fed officials said it could be appropriate to start discussing adjustments to the bond-buying program should the economy continue to recover. Economists predict that while some of these discussions could begin, concrete details will not be revealed until later this year.\nOn Wednesday,China said it will release industrial metalsincluding copper, aluminum and zinc from its national reserves to curb commodity prices. Copper price has fallen more than 10% from its record high, dipping into correction territory on Tuesday.","news_type":1,"symbols_score_info":{".IXIC":0.9,".DJI":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":912,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":184432599,"gmtCreate":1623721157311,"gmtModify":1634029600558,"author":{"id":"3572478889900546","authorId":"3572478889900546","name":"leongsiak","avatar":"https://static.tigerbbs.com/1027f096cd968667d18cb31e27f3607a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572478889900546","idStr":"3572478889900546"},"themes":[],"title":"","htmlText":"Flying to moon...&nbsp;[可爱]&nbsp;[可爱]&nbsp;","listText":"Flying to moon...&nbsp;[可爱]&nbsp;[可爱]&nbsp;","text":"Flying to moon... [可爱] [可爱]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/184432599","repostId":"1193309914","repostType":4,"repost":{"id":"1193309914","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga Earnings","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1623719704,"share":"https://www.laohunote.com/m/news/1193309914?lang=zh_CN&edition=full","pubTime":"2021-06-15 09:15","market":"us","language":"en","title":"Why Virgin Galactic's Stock Could Be Set To Soar<blockquote>为什么维珍银河的股价可能会飙升</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1193309914","media":"Benzinga Earnings","summary":"A recent report that Virgin Galactic Holdings, Inc.(NYSE:SPCE) could sendits founder Sir Richard Bra","content":"<p>A recent report that&nbsp;<b>Virgin Galactic Holdings, Inc.</b>(NYSE:SPCE)&nbsp;could sendits founder Sir Richard Branson to space as soon as July 4 has caught the eye of traders and investors. If the company is able to complete the task, Branson would beat&nbsp;Jeff Bezos, who plans to fly to outer space on July 20 aboard Blue Origin’s New Shepard vehicle.</p><p><blockquote>最近的一份报告称<b>维珍银河控股公司。</b>（纽约证券交易所股票代码：SPCE）最早可能于 7 月 4 日将创始人理查德·布兰森爵士送入太空，引起了交易员和投资者的关注。如果公司能够完成这项任务，布兰森将击败杰夫·贝索斯，后者计划于 7 月 20 日乘坐蓝色起源公司的新型 Shepard 飞行器飞往外太空。</blockquote></p><p> Virgin Galactic's stock was in desperate need of a sentiment change after&nbsp;pushing back&nbsp;its last test flight that was scheduled for February to May. In the months that followed the company’s Feb. 12 announcement, Virgin Galactic’s stock lost over 70% of its value, retracing all the way down to $14.27 before hitting a bottom.</p><p><blockquote>维珍银河的股票在推迟了原定于二月至五月进行的最后一次试飞后，急需改变情绪。在该公司 2 月 12 日发布公告后的几个月里，维珍银河的股价下跌了 70% 以上，一路回落至 14.27 美元，然后触底。</blockquote></p><p> Virgin Galactic’s stock has turned around, however, since completing a successful test flight on May 22 and looks set to fly higher.</p><p><blockquote>不过，自 5 月 22 日成功完成试飞以来，维珍银河的股价已经好转，看起来还会飞得更高。</blockquote></p><p> <b>The Virgin Galactic Chart:</b>Virgin Galactic shot up over 147% between its May 11 bottom and June 9 and on May 24, the first trading day after its successful test flight, gapped up almost 20% and never looked back. It has since been trading in a daily uptrend, making consistently higher highs and higher lows. On June 9, the stock hit a high of $38.65, just shy of its overhead gap in the $39 to $41 range, before consolidating.</p><p><blockquote><b>维珍星系图：</b>维珍银河在 5 月 11 日底部至 6 月 9 日期间飙升超过 147%，而在 5 月 24 日（其成功试飞后的第一个交易日），差距接近 20%，并且再也没有回头。此后，它一直呈每日上升趋势，不断创出更高的高点和更高的低点。6 月 9 日，该股触及 38.65 美元的高点，略低于 39 美元至 41 美元区间的顶部缺口，随后盘整。</blockquote></p><p> Because gaps fill 90% of the time, it's likely Virgin Galactic will fill its upper gap in the future. There is a lower gap that was created on May 24 between $21.84 and $23.55, too, which could make bulls nervous.&nbsp;Virgin Galactic is trading about 60% above the lower gap, which makes the chances of filling it in the near future less likely.</p><p><blockquote>因为差距填补了90%的时间，维珍银河很可能会在未来填补其上层差距。5月24日在21.84美元和23.55美元之间也有一个较低的缺口，这可能会让多头感到紧张。维珍银河的交易价格比较低缺口高出约60%，这使得在不久的将来填补缺口的可能性较小。</blockquote></p><p> In its consolidation, Virgin Galactic has set up a daily bull flag with the pole created between May 24 and June 9 and the flag made between June 10 and Monday.</p><p><blockquote>在整合过程中，维珍银河设立了每日牛旗，旗杆创建于 5 月 24 日至 6 月 9 日之间，旗帜创建于 6 月 10 日至周一之间。</blockquote></p><p> On Monday, Virgin Galactic’s stock attempted to break up bullish from the flag but wicked from it. The stock could trade slightly lower within the flag for longer before gaining the power to break bullishly.</p><p><blockquote>周一，维珍银河的股票试图从旗帜上打破看涨，但却被它击败。该股可能会在更长时间内小幅走低，然后才能获得突破看涨的力量。</blockquote></p><p> Virgin Galactic is trading above both the eight-day and 21-day exponential moving averages (EMAs) with the eight-day EMA trending above the 21-day EMA, both of which are bullish indicators. The stock is also trading up about 36% above the 200-day simple moving average, which indicates overall sentiment in Virgin Galactic is bullish.</p><p><blockquote>维珍银河的交易价格均高于 8 天和 21 天指数移动平均线 (EMA)，其中 8 天 EMA 趋势高于 21 天 EMA，这两个指标都是看涨指标。该股的交易价格也比 200 天简单移动平均线高出约 36%，这表明维珍银河的整体情绪是看涨的。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/61d31c33899cf35aa10b97ef5956b877\" tg-width=\"1366\" tg-height=\"768\"></p><p><blockquote></blockquote></p><p> Bulls want to see bullish volume break Virgin Galactic’s stock up out of the bull flag pattern and for the stock to continue rising to fill the overhead gap. If the stock can pop up into the gap, it has room to move up toward the $45 level.</p><p><blockquote>多头希望看到看涨的成交量将维珍银河的股票打破牛旗形态，并希望该股继续上涨以填补头顶缺口。如果该股能够突破缺口，它就有空间向 45 美元水平上涨。</blockquote></p><p> Bears want to see bearish volume drop Virgin Galactic down under the flag formation and for it to lose support of the eight-day EMA. If the stock trades below $32.82, it could revisit its next support down near the $27.80 mark.</p><p><blockquote>空头希望看到看跌成交量将维珍银河跌至旗形下方，并使其失去八日均线的支撑。如果该股交易价格低于 32.82 美元，它可能会在 27.80 美元附近重温下一个支撑位。</blockquote></p><p> <b>SPCE Price Action:</b>Virgin Galactic closed up 4% at $36.49.</p><p><blockquote><b>SPCE价格走势：</b>维珍银河收盘上涨 4%，至 36.49 美元。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Virgin Galactic's Stock Could Be Set To Soar<blockquote>为什么维珍银河的股价可能会飙升</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Virgin Galactic's Stock Could Be Set To Soar<blockquote>为什么维珍银河的股价可能会飙升</blockquote>\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga Earnings </p>\n<p class=\"h-time smaller\">2021-06-15 09:15</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p>A recent report that&nbsp;<b>Virgin Galactic Holdings, Inc.</b>(NYSE:SPCE)&nbsp;could sendits founder Sir Richard Branson to space as soon as July 4 has caught the eye of traders and investors. If the company is able to complete the task, Branson would beat&nbsp;Jeff Bezos, who plans to fly to outer space on July 20 aboard Blue Origin’s New Shepard vehicle.</p><p><blockquote>最近的一份报告称<b>维珍银河控股公司。</b>（纽约证券交易所股票代码：SPCE）最早可能于 7 月 4 日将创始人理查德·布兰森爵士送入太空，引起了交易员和投资者的关注。如果公司能够完成这项任务，布兰森将击败杰夫·贝索斯，后者计划于 7 月 20 日乘坐蓝色起源公司的新型 Shepard 飞行器飞往外太空。</blockquote></p><p> Virgin Galactic's stock was in desperate need of a sentiment change after&nbsp;pushing back&nbsp;its last test flight that was scheduled for February to May. In the months that followed the company’s Feb. 12 announcement, Virgin Galactic’s stock lost over 70% of its value, retracing all the way down to $14.27 before hitting a bottom.</p><p><blockquote>维珍银河的股票在推迟了原定于二月至五月进行的最后一次试飞后，急需改变情绪。在该公司 2 月 12 日发布公告后的几个月里，维珍银河的股价下跌了 70% 以上，一路回落至 14.27 美元，然后触底。</blockquote></p><p> Virgin Galactic’s stock has turned around, however, since completing a successful test flight on May 22 and looks set to fly higher.</p><p><blockquote>不过，自 5 月 22 日成功完成试飞以来，维珍银河的股价已经好转，看起来还会飞得更高。</blockquote></p><p> <b>The Virgin Galactic Chart:</b>Virgin Galactic shot up over 147% between its May 11 bottom and June 9 and on May 24, the first trading day after its successful test flight, gapped up almost 20% and never looked back. It has since been trading in a daily uptrend, making consistently higher highs and higher lows. On June 9, the stock hit a high of $38.65, just shy of its overhead gap in the $39 to $41 range, before consolidating.</p><p><blockquote><b>维珍星系图：</b>维珍银河在 5 月 11 日底部至 6 月 9 日期间飙升超过 147%，而在 5 月 24 日（其成功试飞后的第一个交易日），差距接近 20%，并且再也没有回头。此后，它一直呈每日上升趋势，不断创出更高的高点和更高的低点。6 月 9 日，该股触及 38.65 美元的高点，略低于 39 美元至 41 美元区间的顶部缺口，随后盘整。</blockquote></p><p> Because gaps fill 90% of the time, it's likely Virgin Galactic will fill its upper gap in the future. There is a lower gap that was created on May 24 between $21.84 and $23.55, too, which could make bulls nervous.&nbsp;Virgin Galactic is trading about 60% above the lower gap, which makes the chances of filling it in the near future less likely.</p><p><blockquote>因为差距填补了90%的时间，维珍银河很可能会在未来填补其上层差距。5月24日在21.84美元和23.55美元之间也有一个较低的缺口，这可能会让多头感到紧张。维珍银河的交易价格比较低缺口高出约60%，这使得在不久的将来填补缺口的可能性较小。</blockquote></p><p> In its consolidation, Virgin Galactic has set up a daily bull flag with the pole created between May 24 and June 9 and the flag made between June 10 and Monday.</p><p><blockquote>在整合过程中，维珍银河设立了每日牛旗，旗杆创建于 5 月 24 日至 6 月 9 日之间，旗帜创建于 6 月 10 日至周一之间。</blockquote></p><p> On Monday, Virgin Galactic’s stock attempted to break up bullish from the flag but wicked from it. The stock could trade slightly lower within the flag for longer before gaining the power to break bullishly.</p><p><blockquote>周一，维珍银河的股票试图从旗帜上打破看涨，但却被它击败。该股可能会在更长时间内小幅走低，然后才能获得突破看涨的力量。</blockquote></p><p> Virgin Galactic is trading above both the eight-day and 21-day exponential moving averages (EMAs) with the eight-day EMA trending above the 21-day EMA, both of which are bullish indicators. The stock is also trading up about 36% above the 200-day simple moving average, which indicates overall sentiment in Virgin Galactic is bullish.</p><p><blockquote>维珍银河的交易价格均高于 8 天和 21 天指数移动平均线 (EMA)，其中 8 天 EMA 趋势高于 21 天 EMA，这两个指标都是看涨指标。该股的交易价格也比 200 天简单移动平均线高出约 36%，这表明维珍银河的整体情绪是看涨的。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/61d31c33899cf35aa10b97ef5956b877\" tg-width=\"1366\" tg-height=\"768\"></p><p><blockquote></blockquote></p><p> Bulls want to see bullish volume break Virgin Galactic’s stock up out of the bull flag pattern and for the stock to continue rising to fill the overhead gap. If the stock can pop up into the gap, it has room to move up toward the $45 level.</p><p><blockquote>多头希望看到看涨的成交量将维珍银河的股票打破牛旗形态，并希望该股继续上涨以填补头顶缺口。如果该股能够突破缺口，它就有空间向 45 美元水平上涨。</blockquote></p><p> Bears want to see bearish volume drop Virgin Galactic down under the flag formation and for it to lose support of the eight-day EMA. If the stock trades below $32.82, it could revisit its next support down near the $27.80 mark.</p><p><blockquote>空头希望看到看跌成交量将维珍银河跌至旗形下方，并使其失去八日均线的支撑。如果该股交易价格低于 32.82 美元，它可能会在 27.80 美元附近重温下一个支撑位。</blockquote></p><p> <b>SPCE Price Action:</b>Virgin Galactic closed up 4% at $36.49.</p><p><blockquote><b>SPCE价格走势：</b>维珍银河收盘上涨 4%，至 36.49 美元。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPCE":"维珍银河"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1193309914","content_text":"A recent report that Virgin Galactic Holdings, Inc.(NYSE:SPCE) could sendits founder Sir Richard Branson to space as soon as July 4 has caught the eye of traders and investors. If the company is able to complete the task, Branson would beat Jeff Bezos, who plans to fly to outer space on July 20 aboard Blue Origin’s New Shepard vehicle.\nVirgin Galactic's stock was in desperate need of a sentiment change after pushing back its last test flight that was scheduled for February to May. In the months that followed the company’s Feb. 12 announcement, Virgin Galactic’s stock lost over 70% of its value, retracing all the way down to $14.27 before hitting a bottom.\nVirgin Galactic’s stock has turned around, however, since completing a successful test flight on May 22 and looks set to fly higher.\nThe Virgin Galactic Chart:Virgin Galactic shot up over 147% between its May 11 bottom and June 9 and on May 24, the first trading day after its successful test flight, gapped up almost 20% and never looked back. It has since been trading in a daily uptrend, making consistently higher highs and higher lows. On June 9, the stock hit a high of $38.65, just shy of its overhead gap in the $39 to $41 range, before consolidating.\nBecause gaps fill 90% of the time, it's likely Virgin Galactic will fill its upper gap in the future. There is a lower gap that was created on May 24 between $21.84 and $23.55, too, which could make bulls nervous. Virgin Galactic is trading about 60% above the lower gap, which makes the chances of filling it in the near future less likely.\nIn its consolidation, Virgin Galactic has set up a daily bull flag with the pole created between May 24 and June 9 and the flag made between June 10 and Monday.\nOn Monday, Virgin Galactic’s stock attempted to break up bullish from the flag but wicked from it. The stock could trade slightly lower within the flag for longer before gaining the power to break bullishly.\nVirgin Galactic is trading above both the eight-day and 21-day exponential moving averages (EMAs) with the eight-day EMA trending above the 21-day EMA, both of which are bullish indicators. The stock is also trading up about 36% above the 200-day simple moving average, which indicates overall sentiment in Virgin Galactic is bullish.\n\nBulls want to see bullish volume break Virgin Galactic’s stock up out of the bull flag pattern and for the stock to continue rising to fill the overhead gap. If the stock can pop up into the gap, it has room to move up toward the $45 level.\nBears want to see bearish volume drop Virgin Galactic down under the flag formation and for it to lose support of the eight-day EMA. If the stock trades below $32.82, it could revisit its next support down near the $27.80 mark.\nSPCE Price Action:Virgin Galactic closed up 4% at $36.49.","news_type":1,"symbols_score_info":{"SPCE":0.9}},"isVote":1,"tweetType":1,"viewCount":1891,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":184431862,"gmtCreate":1623721093956,"gmtModify":1634029603237,"author":{"id":"3572478889900546","authorId":"3572478889900546","name":"leongsiak","avatar":"https://static.tigerbbs.com/1027f096cd968667d18cb31e27f3607a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572478889900546","idStr":"3572478889900546"},"themes":[],"title":"","htmlText":"ARM is the jewel of the future.. everyone is eyeing the titan&nbsp;[开心]&nbsp;","listText":"ARM is the jewel of the future.. everyone is eyeing the titan&nbsp;[开心]&nbsp;","text":"ARM is the jewel of the future.. everyone is eyeing the titan [开心]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/184431862","repostId":"1153683519","repostType":4,"repost":{"id":"1153683519","kind":"news","pubTimestamp":1623720908,"share":"https://www.laohunote.com/m/news/1153683519?lang=zh_CN&edition=full","pubTime":"2021-06-15 09:35","market":"us","language":"en","title":"Qualcomm Offers to Rescue Arm if Regulators Block Nvidia’s $40 Billion Bid<blockquote>如果监管机构阻止英伟达 400 亿美元的收购，高通提出拯救 Arm</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1153683519","media":"Barrons","summary":"Qualcomm and tech’s other giants are ready to invest in Arm Holdings if regulators block Nvidia‘s bo","content":"<p>Qualcomm and tech’s other giants are ready to invest in Arm Holdings if regulators block Nvidia‘s bold $40 billion plan to acquire the U.K. chip designer.</p><p><blockquote>如果监管机构阻止英伟达斥资 400 亿美元收购这家英国芯片设计师的大胆计划，高通和其他科技巨头准备投资 Arm Holdings。</blockquote></p><p> The offer came over the weekend from Qualcomm President and CEO-elect Cristiano Amon—but not without strings attached. To a British newspaper, Amon laid out Qualcomm’s objections to the Nvidia deal and promised to invest in Arm if current owner SoftBank takes it public again.</p><p><blockquote>高通总裁兼当选首席执行官克里斯蒂亚诺·阿蒙 (Cristiano Amon) 周末提出了这一提议，但并非没有附加条件。阿蒙在接受英国一家报纸采访时阐述了高通对英伟达交易的反对意见，并承诺如果现任所有者软银再次将其上市，将投资 Arm。</blockquote></p><p> Shares of both tech companies were up: Nvidia (ticker: NVDA) advanced 1.1% to $720.75 and Qualcomm (QCOM) gained 2% to $137.31. The PHLX Semiconductor index, or Sox, rose 1.4%.</p><p><blockquote>两家科技公司的股价均上涨：英伟达（股票代码：NVDA）上涨 1.1%，至 720.75 美元，高通 (QCOM) 上涨 2%，至 137.31 美元。PHLX 半导体指数（Sox）上涨 1.4%。</blockquote></p><p> Nvidia was bound to face opposition from the industry’s big players since the deal would take Arm from an independent supplier of chip intellectual property to a unit of a fast-growing, multifaceted Silicon Valley player. A big worry is the risk that Arm’s current customers could face if Nvidia cut off their access to Arm’s technology.</p><p><blockquote>英伟达必然会面临业内大企业的反对，因为这笔交易将把 Arm 从一家独立的芯片知识产权供应商变成一家快速增长的多元化硅谷企业。一个很大的担忧是，如果英伟达切断 Arm 的技术，Arm 现有客户可能面临的风险。</blockquote></p><p> Earlier this year, Alphabet (GOOGL),Microsoft(MSFT), and Qualcomm&nbsp;opposed the acquisition&nbsp;and&nbsp;urged regulators to intervene.</p><p><blockquote>今年早些时候，Alphabet（GOOGL）、微软（MSFT）和高通反对此次收购，并敦促监管机构进行干预。</blockquote></p><p> “The Arm ecosystem is successful because it’s open,” Amon&nbsp;told The Telegraph&nbsp;on Sunday. He will succeed retiring CEO Steve Mollenkopf at the end of June.</p><p><blockquote>“阿蒙周日告诉《每日电讯报》：”Arm 生态系统之所以成功，是因为它是开放的。他将于6月底接替即将退休的首席执行官史蒂夫·莫伦科夫。</blockquote></p><p> Amon is concerned Nvidia will use Arm to boost its already powerful artificial intelligence chip segment and doesn’t think the deal is necessary because Arm doesn’t need to be saved, The Telegraph reported.</p><p><blockquote>据《每日电讯报》报道，阿蒙担心英伟达会利用 Arm 来提升其已经强大的人工智能芯片部门，他认为这笔交易没有必要，因为不需要拯救 Arm。</blockquote></p><p> “Arm already won, and won everywhere,” he said, referring to Arm-based chips powering almost every smartphone. “After the battle is won because of its independence, to say, ‘let’s make it better by taking that away’, doesn’t make any sense.”</p><p><blockquote>“他说：”Arm 已经赢了，而且在任何地方都赢了。“在战斗因独立性而获胜之后，说'让我们把它拿走，让它变得更好'是没有任何意义的”。</blockquote></p><p> If the deal falls through because of regulatory issues, Amon told The Telegraph that Qualcomm would be among “a number” of big technology companies interested in investing in Arm if SoftBank takes it public once again.</p><p><blockquote>阿蒙告诉《每日电讯报》，如果交易因监管问题而告吹，如果软银再次将 Arm 上市，高通将是 “众多 ”大型科技公司之一，有意投资 Arm。</blockquote></p><p> In May, Nvidia finance chief Colette Kress &nbsp;told&nbsp;<i>Barron’s</i>&nbsp;that she expected the deal to close in early 2022 and was working to educate regulators worldwide about Arm and Nvidia.</p><p><blockquote>5 月份，Nvidia 财务主管 Colette Kress 表示<i>巴伦</i>她预计该交易将于 2022 年初完成，并正在努力向全球监管机构宣传 Arm 和 Nvidia。</blockquote></p><p> “Teams on both side are working quite diligently on this,” Kress said at the time. “Since we’ve gone through this process before with Mellanox, we know each of the cast of characters that we will need at each of these pieces.”</p><p><blockquote>“克雷斯当时说：”双方团队都在为此努力工作。“由于我们之前在 Mellanox 也经历过这个过程，所以我们知道每部作品中需要的每个角色。”</blockquote></p><p></p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Qualcomm Offers to Rescue Arm if Regulators Block Nvidia’s $40 Billion Bid<blockquote>如果监管机构阻止英伟达 400 亿美元的收购，高通提出拯救 Arm</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\">\nQualcomm Offers to Rescue Arm if Regulators Block Nvidia’s $40 Billion Bid<blockquote>如果监管机构阻止英伟达 400 亿美元的收购，高通提出拯救 Arm</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-06-15 09:35</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Qualcomm and tech’s other giants are ready to invest in Arm Holdings if regulators block Nvidia‘s bold $40 billion plan to acquire the U.K. chip designer.</p><p><blockquote>如果监管机构阻止英伟达斥资 400 亿美元收购这家英国芯片设计师的大胆计划，高通和其他科技巨头准备投资 Arm Holdings。</blockquote></p><p> The offer came over the weekend from Qualcomm President and CEO-elect Cristiano Amon—but not without strings attached. To a British newspaper, Amon laid out Qualcomm’s objections to the Nvidia deal and promised to invest in Arm if current owner SoftBank takes it public again.</p><p><blockquote>高通总裁兼当选首席执行官克里斯蒂亚诺·阿蒙 (Cristiano Amon) 周末提出了这一提议，但并非没有附加条件。阿蒙在接受英国一家报纸采访时阐述了高通对英伟达交易的反对意见，并承诺如果现任所有者软银再次将其上市，将投资 Arm。</blockquote></p><p> Shares of both tech companies were up: Nvidia (ticker: NVDA) advanced 1.1% to $720.75 and Qualcomm (QCOM) gained 2% to $137.31. The PHLX Semiconductor index, or Sox, rose 1.4%.</p><p><blockquote>两家科技公司的股价均上涨：英伟达（股票代码：NVDA）上涨 1.1%，至 720.75 美元，高通 (QCOM) 上涨 2%，至 137.31 美元。PHLX 半导体指数（Sox）上涨 1.4%。</blockquote></p><p> Nvidia was bound to face opposition from the industry’s big players since the deal would take Arm from an independent supplier of chip intellectual property to a unit of a fast-growing, multifaceted Silicon Valley player. A big worry is the risk that Arm’s current customers could face if Nvidia cut off their access to Arm’s technology.</p><p><blockquote>英伟达必然会面临业内大企业的反对，因为这笔交易将把 Arm 从一家独立的芯片知识产权供应商变成一家快速增长的多元化硅谷企业。一个很大的担忧是，如果英伟达切断 Arm 的技术，Arm 现有客户可能面临的风险。</blockquote></p><p> Earlier this year, Alphabet (GOOGL),Microsoft(MSFT), and Qualcomm&nbsp;opposed the acquisition&nbsp;and&nbsp;urged regulators to intervene.</p><p><blockquote>今年早些时候，Alphabet（GOOGL）、微软（MSFT）和高通反对此次收购，并敦促监管机构进行干预。</blockquote></p><p> “The Arm ecosystem is successful because it’s open,” Amon&nbsp;told The Telegraph&nbsp;on Sunday. He will succeed retiring CEO Steve Mollenkopf at the end of June.</p><p><blockquote>“阿蒙周日告诉《每日电讯报》：”Arm 生态系统之所以成功，是因为它是开放的。他将于6月底接替即将退休的首席执行官史蒂夫·莫伦科夫。</blockquote></p><p> Amon is concerned Nvidia will use Arm to boost its already powerful artificial intelligence chip segment and doesn’t think the deal is necessary because Arm doesn’t need to be saved, The Telegraph reported.</p><p><blockquote>据《每日电讯报》报道，阿蒙担心英伟达会利用 Arm 来提升其已经强大的人工智能芯片部门，他认为这笔交易没有必要，因为不需要拯救 Arm。</blockquote></p><p> “Arm already won, and won everywhere,” he said, referring to Arm-based chips powering almost every smartphone. “After the battle is won because of its independence, to say, ‘let’s make it better by taking that away’, doesn’t make any sense.”</p><p><blockquote>“他说：”Arm 已经赢了，而且在任何地方都赢了。“在战斗因独立性而获胜之后，说'让我们把它拿走，让它变得更好'是没有任何意义的”。</blockquote></p><p> If the deal falls through because of regulatory issues, Amon told The Telegraph that Qualcomm would be among “a number” of big technology companies interested in investing in Arm if SoftBank takes it public once again.</p><p><blockquote>阿蒙告诉《每日电讯报》，如果交易因监管问题而告吹，如果软银再次将 Arm 上市，高通将是 “众多 ”大型科技公司之一，有意投资 Arm。</blockquote></p><p> In May, Nvidia finance chief Colette Kress &nbsp;told&nbsp;<i>Barron’s</i>&nbsp;that she expected the deal to close in early 2022 and was working to educate regulators worldwide about Arm and Nvidia.</p><p><blockquote>5 月份，Nvidia 财务主管 Colette Kress 表示<i>巴伦</i>她预计该交易将于 2022 年初完成，并正在努力向全球监管机构宣传 Arm 和 Nvidia。</blockquote></p><p> “Teams on both side are working quite diligently on this,” Kress said at the time. “Since we’ve gone through this process before with Mellanox, we know each of the cast of characters that we will need at each of these pieces.”</p><p><blockquote>“克雷斯当时说：”双方团队都在为此努力工作。“由于我们之前在 Mellanox 也经历过这个过程，所以我们知道每部作品中需要的每个角色。”</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/qualcomm-offers-to-rescue-arm-if-regulators-block-nvidias-40-billion-bid-51623704676?mod=RTA\">Barrons</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"QCOM":"高通","NVDA":"英伟达"},"source_url":"https://www.barrons.com/articles/qualcomm-offers-to-rescue-arm-if-regulators-block-nvidias-40-billion-bid-51623704676?mod=RTA","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1153683519","content_text":"Qualcomm and tech’s other giants are ready to invest in Arm Holdings if regulators block Nvidia‘s bold $40 billion plan to acquire the U.K. chip designer.\nThe offer came over the weekend from Qualcomm President and CEO-elect Cristiano Amon—but not without strings attached. To a British newspaper, Amon laid out Qualcomm’s objections to the Nvidia deal and promised to invest in Arm if current owner SoftBank takes it public again.\nShares of both tech companies were up: Nvidia (ticker: NVDA) advanced 1.1% to $720.75 and Qualcomm (QCOM) gained 2% to $137.31. The PHLX Semiconductor index, or Sox, rose 1.4%.\nNvidia was bound to face opposition from the industry’s big players since the deal would take Arm from an independent supplier of chip intellectual property to a unit of a fast-growing, multifaceted Silicon Valley player. A big worry is the risk that Arm’s current customers could face if Nvidia cut off their access to Arm’s technology.\nEarlier this year, Alphabet (GOOGL),Microsoft(MSFT), and Qualcomm opposed the acquisition and urged regulators to intervene.\n“The Arm ecosystem is successful because it’s open,” Amon told The Telegraph on Sunday. He will succeed retiring CEO Steve Mollenkopf at the end of June.\nAmon is concerned Nvidia will use Arm to boost its already powerful artificial intelligence chip segment and doesn’t think the deal is necessary because Arm doesn’t need to be saved, The Telegraph reported.\n“Arm already won, and won everywhere,” he said, referring to Arm-based chips powering almost every smartphone. “After the battle is won because of its independence, to say, ‘let’s make it better by taking that away’, doesn’t make any sense.”\nIf the deal falls through because of regulatory issues, Amon told The Telegraph that Qualcomm would be among “a number” of big technology companies interested in investing in Arm if SoftBank takes it public once again.\nIn May, Nvidia finance chief Colette Kress  told Barron’s that she expected the deal to close in early 2022 and was working to educate regulators worldwide about Arm and Nvidia.\n“Teams on both side are working quite diligently on this,” Kress said at the time. “Since we’ve gone through this process before with Mellanox, we know each of the cast of characters that we will need at each of these pieces.”","news_type":1,"symbols_score_info":{"NVDA":0.9,"QCOM":0.9}},"isVote":1,"tweetType":1,"viewCount":1259,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":184430781,"gmtCreate":1623721009243,"gmtModify":1634029605243,"author":{"id":"3572478889900546","authorId":"3572478889900546","name":"leongsiak","avatar":"https://static.tigerbbs.com/1027f096cd968667d18cb31e27f3607a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572478889900546","idStr":"3572478889900546"},"themes":[],"title":"","htmlText":"World is too stressed to handle too much bad news[捂脸]&nbsp;","listText":"World is too stressed to handle too much bad news[捂脸]&nbsp;","text":"World is too stressed to handle too much bad news[捂脸]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/184430781","repostId":"1180739794","repostType":4,"repost":{"id":"1180739794","kind":"news","pubTimestamp":1623720576,"share":"https://www.laohunote.com/m/news/1180739794?lang=zh_CN&edition=full","pubTime":"2021-06-15 09:29","market":"us","language":"en","title":"This cannabis stock is a new Reddit favorite<blockquote>这只大麻股票是 Reddit 的新宠</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1180739794","media":"CNN Business","summary":"New York (CNN Business) - Cannabis company Tilray, which recently merged with rival Aphria, has seen","content":"<p><div> New York (CNN Business) - Cannabis company Tilray, which recently merged with rival Aphria, has seen its stock surge as of late thanks to — you guessed it — love from the Reddit crowd. As backers tout...</p><p><blockquote><div>纽约（CNN Business）——最近与竞争对手Aphria合并的大麻公司Tilray最近股价飙升，这要归功于——你猜对了——Reddit人群的喜爱。正如支持者所说……</div></blockquote></p><p>  <a href=\"https://edition.cnn.com/2021/06/14/investing/tilray-reddit-cannabis-stocks/index.html\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://edition.cnn.com/2021/06/14/investing/tilray-reddit-cannabis-stocks/index.html\">网页连接</a></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>This cannabis stock is a new Reddit favorite<blockquote>这只大麻股票是 Reddit 的新宠</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\">\nThis cannabis stock is a new Reddit favorite<blockquote>这只大麻股票是 Reddit 的新宠</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">CNN Business</strong><span class=\"h-time small\">2021-06-15 09:29</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> New York (CNN Business) - Cannabis company Tilray, which recently merged with rival Aphria, has seen its stock surge as of late thanks to — you guessed it — love from the Reddit crowd. As backers tout...</p><p><blockquote><div>纽约（CNN Business）——最近与竞争对手Aphria合并的大麻公司Tilray最近股价飙升，这要归功于——你猜对了——Reddit人群的喜爱。正如支持者所说……</div></blockquote></p><p>  <a href=\"https://edition.cnn.com/2021/06/14/investing/tilray-reddit-cannabis-stocks/index.html\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://edition.cnn.com/2021/06/14/investing/tilray-reddit-cannabis-stocks/index.html\">网页连接</a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://edition.cnn.com/2021/06/14/investing/tilray-reddit-cannabis-stocks/index.html\">CNN Business</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":{"TLRY":"Tilray Inc."},"source_url":"https://edition.cnn.com/2021/06/14/investing/tilray-reddit-cannabis-stocks/index.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1180739794","content_text":"New York (CNN Business) - Cannabis company Tilray, which recently merged with rival Aphria, has seen its stock surge as of late thanks to — you guessed it — love from the Reddit crowd.\nAs backers tout the growing number of states legalizing recreational and medical marijuana, some investors are holding out for the dream scenario of federal legalization — even though that might be a stretch in the near term.\nBut are investors going a little crazy?Tilray (TLRY) is now up more than 130% this year. That's much higher than the gains for rivalsCanopy Growth (CGC) and Cronos (CRON), which have the backing of consumer products giantsConstellation Brands(STZ)andAltria(MO), respectively.\nShort-sellers are targeting Tilray. And Redditors have gleefully tried to squeeze the shorts — investors who borrow stocks and sell them with hopes of buying them back at a lower price.\nIf a stock suddenly starts to rise, short-sellers have no choice but to buy it back or face prohibitively large losses. That's a big reason behind the recent spikes in AMC(AMC),GameStop(GME) and other stocks that the Reddit community has glommed onto this year.\nOne Reddit user wrote in a post last week that Tilray \"is a movement,\" adding that the company has \"fantastic stats\" and is \"a worthy opponent to AMC\" as a meme stock.\nThe short-sellers have seemingly taken control in this battle lately though. After a 6% pop in Tilray's stock last Wednesday, share prices have fallen for the past three trading days.\nBut some backers aren't deterred by the recent pullback. One Redditor on the site's Tilray board wrote the following message to any would be short sellers: \"Weed Stocks to Bears: I'm not leaving.\"\nThe post, which also mentioned cannabis stocksAurora(ACB)andSundial Growers(SNDL), showed a clip of Leonardo DiCaprio's inspirational speech to employes from \"The Wolf of Wall Street\" in which his Jordan Belfort character exclaimed he wasn't going anywhere.\nThe Reddit community also seems to appreciate that Tilray CEO Irwin Simon is acknowledging their support. In an interview with CNBC last week, Simon said \"we love having them as part of our shareholder base\" in response to a question about the retail investor interest in the stock.\nOne commenter referred to Simon last week as a \"diamond\" — the ultimate Reddit compliment.\n\"[He] wants to build a global green giant. This dude wants to take us to tendie town gentleman,\" the poster said, using the Reddit lingo \"tendie\" to describe trading profits.\n\"This company has a shot to literally rocket to the top as a fundamental and strong global brand,\" the Reddit user added.\nStill, Tilray's faithful may have a tough time convincing the Wall Street establishment that this is a stock worth owning.\nAnalysts who cover the stock are lukewarm on its prospects. Only four have a buy rating on Tilray, compared with 13 holds and one sell. What's more, the consensus target price is about $19 — right around where the stock is currently trading.","news_type":1,"symbols_score_info":{"TLRY":0.9}},"isVote":1,"tweetType":1,"viewCount":1643,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":185537207,"gmtCreate":1623659457109,"gmtModify":1634030536990,"author":{"id":"3572478889900546","authorId":"3572478889900546","name":"leongsiak","avatar":"https://static.tigerbbs.com/1027f096cd968667d18cb31e27f3607a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572478889900546","idStr":"3572478889900546"},"themes":[],"title":"","htmlText":"Will the ex largest car maker can come back with better automated electrical car&nbsp;[龇牙]&nbsp;","listText":"Will the ex largest car maker can come back with better automated electrical car&nbsp;[龇牙]&nbsp;","text":"Will the ex largest car maker can come back with better automated electrical car [龇牙]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/185537207","repostId":"1146430910","repostType":4,"isVote":1,"tweetType":1,"viewCount":1289,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":186503337,"gmtCreate":1623507023329,"gmtModify":1634032273358,"author":{"id":"3572478889900546","authorId":"3572478889900546","name":"leongsiak","avatar":"https://static.tigerbbs.com/1027f096cd968667d18cb31e27f3607a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572478889900546","idStr":"3572478889900546"},"themes":[],"title":"","htmlText":"Power of MEME[财迷]&nbsp;","listText":"Power of MEME[财迷]&nbsp;","text":"Power of MEME[财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/186503337","repostId":"1104635261","repostType":4,"repost":{"id":"1104635261","kind":"news","pubTimestamp":1623470020,"share":"https://www.laohunote.com/m/news/1104635261?lang=zh_CN&edition=full","pubTime":"2021-06-12 11:53","market":"us","language":"en","title":"AMC Bet by Hedge Fund Unravels Thanks to Meme-Stock Traders<blockquote>由于模因股票交易员，对冲基金的 AMC 押注瓦解</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1104635261","media":"The Wall Street Journal","summary":"Losses by Mudrick Capital show the risks of exposure to meme stocks.\n\nA multipronged bet onAMC Enter","content":"<p>  <b>Losses by Mudrick Capital show the risks of exposure to meme stocks.</b>  A multipronged bet onAMC Entertainment HoldingsInc.AMC15.39%boomeranged this month on Mudrick Capital Management LP, the latest hedge fund to fall victim to swarming day traders.</p><p><blockquote><b>Mudrick Capital 的亏损显示了投资模因股票的风险。</b>多管齐下的赌注 onAMC Entertainment HoldingsInc.AMC15.39% 本月对 Mudrick Capital Management LP 进行了回旋镖，Mudrick Capital Management LP 是最新一家成为日内交易者受害者的对冲基金。</blockquote></p><p> Mudrick’s flagship fund lost about 10% in just a few days as a jump in AMC’s stock price unexpectedly triggered changes in the value of derivatives the fund held as part of a complex trading strategy, people familiar with the matter said.</p><p><blockquote>知情人士称，穆德里克的旗舰基金在短短几天内损失了约 10%，原因是 AMC 股价的飙升意外引发了该基金作为复杂交易策略一部分持有的衍生品价值的变化。</blockquote></p><p> The setback comes months after a group of traders organizing on social media helped send the price ofGameStopCorp.GME5.88%and other stocks soaring in January, well beyond many investors’ views of underlying fundamentals.</p><p><blockquote>几个月前，一群在社交媒体上组织的交易员帮助 GameStopCorp.GME5.88% 和其他股票的价格在 1 月份飙升，远远超出了许多投资者对基本面的看法。</blockquote></p><p> The development prompted many hedge funds to slash their exposure to meme stocks. Mudrick Capital’s losses highlight how risky retaining significant exposure to such companies can be—even backfiring on a hedge-fund manager who was mostly in sync with the bullishness of individual investors.</p><p><blockquote>这一事态发展促使许多对冲基金削减了对模因股票的投资。穆德里克资本（Mudrick Capital）的亏损凸显了保留对此类公司的大量投资风险有多大--甚至会对一家与个人投资者的看涨情绪基本同步的对冲基金经理产生适得其反的效果。</blockquote></p><p> Jason Mudrick, the firm’s founder, had been trading AMC stock, options and bonds for months, surfing a surge of enthusiasm for the theater chain among individual investors. But he also sold call options, derivative contracts meant to hedge the fund’s exposure to AMC should the stock price founder. Those derivative contracts, which gave its buyers the right to buy AMC stock from Mudrick at roughly $40 in the future, ballooned into liabilities when a resurgence ofReddit-fueled buyingrecently pushed AMC’s stock to new records, the people said.</p><p><blockquote>该公司创始人杰森-穆德里克（Jason Mudrick）几个月来一直在交易 AMC 的股票、期权和债券，这激发了个人投资者对这家连锁影院的热情。但他也出售了看涨期权期权，这是一种衍生品合约，旨在对冲该基金对 AMC 的风险敞口。这些知情人士说，这些衍生品合约赋予买家未来以约 40 美元的价格从穆德里克手中购买 AMC 股票的权利，但最近 Reddit 推动的购买活动卷土重来，将 AMC 的股价推向了新纪录，这些衍生品合约却膨胀成了负债。</blockquote></p><p> As part of the broader AMC strategy, executives at Mudrick Capital were in talks with AMC to buy additional shares from the company in late May. On June 1, AMC disclosed that Mudrick Capital had agreed to buy $230.5 million of new stock directly from the company at $27.12 apiece, a premium over where it was then trading.</p><p><blockquote>作为更广泛的 AMC 战略的一部分，Mudrick Capital 的高管正在与 AMC 进行谈判，计划于 5 月下旬从该公司购买更多股票。 6 月 1 日，AMC 披露，Mudrick Capital 已同意以每股 27.12 美元的价格直接从该公司购买 2.305 亿美元的新股，高于当时的交易价格。</blockquote></p><p> Mudrick immediately sold the stock at a profit, a quick flip that was reported by Bloomberg News and that sparked backlash on social media.</p><p><blockquote>穆德里克立即出售了这只股票获利，彭博新闻社报道了这一快速转变，并在社交媒体上引发了强烈反对。</blockquote></p><p> “Mudrick didn’t stab AMC in the back…They shot themselves in the foot,” read one post on Reddit’s Wall Street Bets forum on June 1. Other posts around that time referenced Mudrick as “losers,” “scum bags” and “a large waving pile of s—t with no future.” Members of the forum urged each other to buy and hold.</p><p><blockquote>6 月 1 日，Reddit 华尔街投注论坛上的一篇帖子写道：“穆德里克没有在背后捅AMC一刀.他们搬起石头砸了自己的脚。”当时的其他帖子将穆德里克称为 “失败者”、“人渣袋”和 “一大堆没有未来的 S-T”。论坛成员互相敦促买入并持有。</blockquote></p><p> Inside Mudrick, executives were growing apprehensive as the AMC rally gained steam. The firm’s risk committee met on the evening of June 1 after the stock closed at $32 and decided to exit all debt and derivative positions the following day.</p><p><blockquote>在穆德里克内部，随着 AMC 反弹势头的增强，高管们越来越担心。6 月 1 日晚，该公司的风险委员会在股价收于 32 美元后召开会议，决定在第二天退出所有债务和衍生品头寸。</blockquote></p><p> It was a day too late.</p><p><blockquote>已经晚了一天。</blockquote></p><p> AMC’s stock price blew past $40in a matter of hours June 2, hitting an intraday high of $72.62.Call option prices soaredamid a frenzy of trading that Mudrick Capital contributed to and, by the end of the week, the winning trade had turned into a bust, costing the fund hundreds of millions of dollars in losses. Mudrick Capital made a roughly 5% return on the debt it sold but after accounting for its options trade, the fund took a net loss of about 5.4% on AMC.</p><p><blockquote>6 月 2 日，AMC 的股价在几个小时内就突破了 40 美元，盘中最高触及 72.62 美元。看涨期权期权价格在穆德里克资本推动的交易狂潮中飙升，到本周末，获胜的交易变成了破产，该基金损失了数亿美元。Mudrick Capital 出售的债务回报率约为 5%，但在考虑其期权交易后，该基金在 AMC 上净亏损约 5.4%。</blockquote></p><p> Mr. Mudrick’s fund is still up about 12% for the year, one of the people said. Meanwhile, investors who bought AMC stock at the start of the year and held on have gained about 2000%.</p><p><blockquote>其中一位人士说，穆德里克先生的基金今年仍上涨了约 12%。与此同时，年初购买 AMC 股票并持有的投资者上涨了约 2000%。</blockquote></p><p> The impact of social media-fueled day traders has become a defining market development this year, costing top hedge funds billions of dollars in losses, sparking a congressional hearing anddrawing scrutinyfrom the U.S. Securities and Exchange Commission. More hedge funds now track individual investors’ sentiment on social media and pay greater attention to companies with smaller market values whose stock price may be more susceptible to the enthusiasms of individual investors.</p><p><blockquote>社交媒体推动的日内交易者的影响已成为今年市场的一个决定性发展，导致顶级对冲基金损失数十亿美元，引发了国会听证会，并引起了美国证券交易委员会的审查。现在，越来越多的对冲基金在社交媒体上追踪个人投资者的情绪，并更加关注市值较小的公司，这些公司的股价可能更容易受到个人投资者热情的影响。</blockquote></p><p> Mr. Mudrick specializes in distressed debt investing, often lending to troubled companies at high interest rates or swapping their existing debt for equity in bankruptcy court. Mudrick manages about $3.5 billion in investments firmwide and holds large, illiquid stakes in E-cigarette maker NJOY Holdings Inc. and satellite communications companyGlobalstarInc.from such exchanges. The flagship fund reported returns of about 17% annually from 2018 to 2020, according to data from HSBC Alternative Investment Group.</p><p><blockquote>穆德里克专门从事不良债务投资，经常以高利率贷款给陷入困境的公司，或者在破产法庭上将现有债务换成股权。穆德里克管理着全公司约 35 亿美元的投资，并持有电子烟制造商 NJOY Holdings Inc. 和卫星通信公司 GlobalStarInc. 的大量非流动性股份。根据汇丰另类投资集团的数据，该旗舰基金报告称，从2018年到2020年，年回报率约为17%。</blockquote></p><p> But distressed investing opportunities have grownharder to findas easy money from the Federal Reserve has given even struggling companies open access to debt markets. Mr. Mudrick has explored other strategies, launching several special-purpose acquisition companiesand, in the case of AMC, ultimately buying stock in block trades.</p><p><blockquote>但陷入困境的投资机会让 findas 变得更加困难。美联储提供的宽松资金甚至让陷入困境的公司也可以进入债务市场。穆德里克先生还探索了其他策略，推出了几家特殊目的收购公司，就 AMC 而言，最终通过大宗交易购买股票。</blockquote></p><p></p><p> Mr. Mudrick initially applied his typical playbook to AMC, buying bonds for as little as 20 cents on the dollar,lending the company $100 millionin December and swapping some bonds into new shares. Theater attendance, already under pressure, had disappeared almost entirely amid Covid-19 pandemic lockdowns, and AMC stock traded as low as $2. He reasoned that consumers would regain their appetite for big-screen entertainment this year as more Americans got vaccinated.</p><p><blockquote>穆德里克最初将他的典型策略应用于 AMC，以每美元 20 美分的价格购买债券，在 12 月份借给该公司 1 亿美元，并将部分债券交换为新股。在 Covid-19 大流行封锁期间，本已面临压力的影院上座率几乎完全消失，AMC 股价低至 2 美元。他推断，随着越来越多的美国人接种疫苗，消费者今年将重新对大屏幕娱乐产生兴趣。</blockquote></p><p> Day traders took theirfirst run at AMC in late January, urging each other on with the social-media rallying cry of #SaveAMC and briefly lifting the stock to around $20. AMC’s rising equity value boosted debt prices—one bond Mudrick Capital owned doubled within a week—quickly rewarding Mr. Mudrick’s bullishness. AMC capitalized on its surging stock priceto raise nearly $1 billion in new financingin late January, enabling it to ward off a previously expected bankruptcy filing.</p><p><blockquote>1 月下旬，日内交易者首次涌入 AMC，在社交媒体上互相敦促#SaveAMC，并短暂地将股价提升至 20 美元左右。AMC 股权价值的上升推高了债券价格--穆德里克资本持有的一只债券在一周内翻了一番--很快就回报了穆德里克先生的乐观情绪。AMC 利用其飙升的股价，在 1 月下旬筹集了近 10 亿美元的新融资，使其能够避免此前预期的破产申请。</blockquote></p><p> Around that time, Mr. Mudrick sold call options on AMC stock, producing immediate income to offset potential losses if the theater chain did face problems. The derivatives gave buyers the option to buy AMC shares from Mudrick Capital for about $40—viewed as a seeming improbability when the stock was trading below $10.</p><p><blockquote>大约在那个时候，穆德里克出售了 AMC 股票的看涨期权期权，产生了即时收入，以抵消连锁影院确实面临问题时的潜在损失。这些衍生品让买家可以选择以约 40 美元的价格从 Mudrick Capital 购买 AMC 股票——当股价低于 10 美元时，这似乎不太可能。</blockquote></p><p> Mr. Mudrick remained in contact with AMC Chief Executive Adam Aron about providing additional funding, leading to his recent share purchase. But he kept the derivative contracts outstanding as an insurance policy, one of the people familiar with the matter said.</p><p><blockquote>穆德里克先生与 AMC 首席执行官亚当·阿伦 (Adam Aron) 就提供额外资金事宜保持联系，导致他最近购买了股票。但一位知情人士表示，他将衍生品合约作为保险单保留。</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 Bet by Hedge Fund Unravels Thanks to Meme-Stock Traders<blockquote>由于模因股票交易员，对冲基金的 AMC 押注瓦解</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 Bet by Hedge Fund Unravels Thanks to Meme-Stock Traders<blockquote>由于模因股票交易员，对冲基金的 AMC 押注瓦解</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">The Wall Street Journal</strong><span class=\"h-time small\">2021-06-12 11:53</span>\n</p>\n</h4>\n</header>\n<article>\n<p>  <b>Losses by Mudrick Capital show the risks of exposure to meme stocks.</b>  A multipronged bet onAMC Entertainment HoldingsInc.AMC15.39%boomeranged this month on Mudrick Capital Management LP, the latest hedge fund to fall victim to swarming day traders.</p><p><blockquote><b>Mudrick Capital 的亏损显示了投资模因股票的风险。</b>多管齐下的赌注 onAMC Entertainment HoldingsInc.AMC15.39% 本月对 Mudrick Capital Management LP 进行了回旋镖，Mudrick Capital Management LP 是最新一家成为日内交易者受害者的对冲基金。</blockquote></p><p> Mudrick’s flagship fund lost about 10% in just a few days as a jump in AMC’s stock price unexpectedly triggered changes in the value of derivatives the fund held as part of a complex trading strategy, people familiar with the matter said.</p><p><blockquote>知情人士称，穆德里克的旗舰基金在短短几天内损失了约 10%，原因是 AMC 股价的飙升意外引发了该基金作为复杂交易策略一部分持有的衍生品价值的变化。</blockquote></p><p> The setback comes months after a group of traders organizing on social media helped send the price ofGameStopCorp.GME5.88%and other stocks soaring in January, well beyond many investors’ views of underlying fundamentals.</p><p><blockquote>几个月前，一群在社交媒体上组织的交易员帮助 GameStopCorp.GME5.88% 和其他股票的价格在 1 月份飙升，远远超出了许多投资者对基本面的看法。</blockquote></p><p> The development prompted many hedge funds to slash their exposure to meme stocks. Mudrick Capital’s losses highlight how risky retaining significant exposure to such companies can be—even backfiring on a hedge-fund manager who was mostly in sync with the bullishness of individual investors.</p><p><blockquote>这一事态发展促使许多对冲基金削减了对模因股票的投资。穆德里克资本（Mudrick Capital）的亏损凸显了保留对此类公司的大量投资风险有多大--甚至会对一家与个人投资者的看涨情绪基本同步的对冲基金经理产生适得其反的效果。</blockquote></p><p> Jason Mudrick, the firm’s founder, had been trading AMC stock, options and bonds for months, surfing a surge of enthusiasm for the theater chain among individual investors. But he also sold call options, derivative contracts meant to hedge the fund’s exposure to AMC should the stock price founder. Those derivative contracts, which gave its buyers the right to buy AMC stock from Mudrick at roughly $40 in the future, ballooned into liabilities when a resurgence ofReddit-fueled buyingrecently pushed AMC’s stock to new records, the people said.</p><p><blockquote>该公司创始人杰森-穆德里克（Jason Mudrick）几个月来一直在交易 AMC 的股票、期权和债券，这激发了个人投资者对这家连锁影院的热情。但他也出售了看涨期权期权，这是一种衍生品合约，旨在对冲该基金对 AMC 的风险敞口。这些知情人士说，这些衍生品合约赋予买家未来以约 40 美元的价格从穆德里克手中购买 AMC 股票的权利，但最近 Reddit 推动的购买活动卷土重来，将 AMC 的股价推向了新纪录，这些衍生品合约却膨胀成了负债。</blockquote></p><p> As part of the broader AMC strategy, executives at Mudrick Capital were in talks with AMC to buy additional shares from the company in late May. On June 1, AMC disclosed that Mudrick Capital had agreed to buy $230.5 million of new stock directly from the company at $27.12 apiece, a premium over where it was then trading.</p><p><blockquote>作为更广泛的 AMC 战略的一部分，Mudrick Capital 的高管正在与 AMC 进行谈判，计划于 5 月下旬从该公司购买更多股票。 6 月 1 日，AMC 披露，Mudrick Capital 已同意以每股 27.12 美元的价格直接从该公司购买 2.305 亿美元的新股，高于当时的交易价格。</blockquote></p><p> Mudrick immediately sold the stock at a profit, a quick flip that was reported by Bloomberg News and that sparked backlash on social media.</p><p><blockquote>穆德里克立即出售了这只股票获利，彭博新闻社报道了这一快速转变，并在社交媒体上引发了强烈反对。</blockquote></p><p> “Mudrick didn’t stab AMC in the back…They shot themselves in the foot,” read one post on Reddit’s Wall Street Bets forum on June 1. Other posts around that time referenced Mudrick as “losers,” “scum bags” and “a large waving pile of s—t with no future.” Members of the forum urged each other to buy and hold.</p><p><blockquote>6 月 1 日，Reddit 华尔街投注论坛上的一篇帖子写道：“穆德里克没有在背后捅AMC一刀.他们搬起石头砸了自己的脚。”当时的其他帖子将穆德里克称为 “失败者”、“人渣袋”和 “一大堆没有未来的 S-T”。论坛成员互相敦促买入并持有。</blockquote></p><p> Inside Mudrick, executives were growing apprehensive as the AMC rally gained steam. The firm’s risk committee met on the evening of June 1 after the stock closed at $32 and decided to exit all debt and derivative positions the following day.</p><p><blockquote>在穆德里克内部，随着 AMC 反弹势头的增强，高管们越来越担心。6 月 1 日晚，该公司的风险委员会在股价收于 32 美元后召开会议，决定在第二天退出所有债务和衍生品头寸。</blockquote></p><p> It was a day too late.</p><p><blockquote>已经晚了一天。</blockquote></p><p> AMC’s stock price blew past $40in a matter of hours June 2, hitting an intraday high of $72.62.Call option prices soaredamid a frenzy of trading that Mudrick Capital contributed to and, by the end of the week, the winning trade had turned into a bust, costing the fund hundreds of millions of dollars in losses. Mudrick Capital made a roughly 5% return on the debt it sold but after accounting for its options trade, the fund took a net loss of about 5.4% on AMC.</p><p><blockquote>6 月 2 日，AMC 的股价在几个小时内就突破了 40 美元，盘中最高触及 72.62 美元。看涨期权期权价格在穆德里克资本推动的交易狂潮中飙升，到本周末，获胜的交易变成了破产，该基金损失了数亿美元。Mudrick Capital 出售的债务回报率约为 5%，但在考虑其期权交易后，该基金在 AMC 上净亏损约 5.4%。</blockquote></p><p> Mr. Mudrick’s fund is still up about 12% for the year, one of the people said. Meanwhile, investors who bought AMC stock at the start of the year and held on have gained about 2000%.</p><p><blockquote>其中一位人士说，穆德里克先生的基金今年仍上涨了约 12%。与此同时，年初购买 AMC 股票并持有的投资者上涨了约 2000%。</blockquote></p><p> The impact of social media-fueled day traders has become a defining market development this year, costing top hedge funds billions of dollars in losses, sparking a congressional hearing anddrawing scrutinyfrom the U.S. Securities and Exchange Commission. More hedge funds now track individual investors’ sentiment on social media and pay greater attention to companies with smaller market values whose stock price may be more susceptible to the enthusiasms of individual investors.</p><p><blockquote>社交媒体推动的日内交易者的影响已成为今年市场的一个决定性发展，导致顶级对冲基金损失数十亿美元，引发了国会听证会，并引起了美国证券交易委员会的审查。现在，越来越多的对冲基金在社交媒体上追踪个人投资者的情绪，并更加关注市值较小的公司，这些公司的股价可能更容易受到个人投资者热情的影响。</blockquote></p><p> Mr. Mudrick specializes in distressed debt investing, often lending to troubled companies at high interest rates or swapping their existing debt for equity in bankruptcy court. Mudrick manages about $3.5 billion in investments firmwide and holds large, illiquid stakes in E-cigarette maker NJOY Holdings Inc. and satellite communications companyGlobalstarInc.from such exchanges. The flagship fund reported returns of about 17% annually from 2018 to 2020, according to data from HSBC Alternative Investment Group.</p><p><blockquote>穆德里克专门从事不良债务投资，经常以高利率贷款给陷入困境的公司，或者在破产法庭上将现有债务换成股权。穆德里克管理着全公司约 35 亿美元的投资，并持有电子烟制造商 NJOY Holdings Inc. 和卫星通信公司 GlobalStarInc. 的大量非流动性股份。根据汇丰另类投资集团的数据，该旗舰基金报告称，从2018年到2020年，年回报率约为17%。</blockquote></p><p> But distressed investing opportunities have grownharder to findas easy money from the Federal Reserve has given even struggling companies open access to debt markets. Mr. Mudrick has explored other strategies, launching several special-purpose acquisition companiesand, in the case of AMC, ultimately buying stock in block trades.</p><p><blockquote>但陷入困境的投资机会让 findas 变得更加困难。美联储提供的宽松资金甚至让陷入困境的公司也可以进入债务市场。穆德里克先生还探索了其他策略，推出了几家特殊目的收购公司，就 AMC 而言，最终通过大宗交易购买股票。</blockquote></p><p></p><p> Mr. Mudrick initially applied his typical playbook to AMC, buying bonds for as little as 20 cents on the dollar,lending the company $100 millionin December and swapping some bonds into new shares. Theater attendance, already under pressure, had disappeared almost entirely amid Covid-19 pandemic lockdowns, and AMC stock traded as low as $2. He reasoned that consumers would regain their appetite for big-screen entertainment this year as more Americans got vaccinated.</p><p><blockquote>穆德里克最初将他的典型策略应用于 AMC，以每美元 20 美分的价格购买债券，在 12 月份借给该公司 1 亿美元，并将部分债券交换为新股。在 Covid-19 大流行封锁期间，本已面临压力的影院上座率几乎完全消失，AMC 股价低至 2 美元。他推断，随着越来越多的美国人接种疫苗，消费者今年将重新对大屏幕娱乐产生兴趣。</blockquote></p><p> Day traders took theirfirst run at AMC in late January, urging each other on with the social-media rallying cry of #SaveAMC and briefly lifting the stock to around $20. AMC’s rising equity value boosted debt prices—one bond Mudrick Capital owned doubled within a week—quickly rewarding Mr. Mudrick’s bullishness. AMC capitalized on its surging stock priceto raise nearly $1 billion in new financingin late January, enabling it to ward off a previously expected bankruptcy filing.</p><p><blockquote>1 月下旬，日内交易者首次涌入 AMC，在社交媒体上互相敦促#SaveAMC，并短暂地将股价提升至 20 美元左右。AMC 股权价值的上升推高了债券价格--穆德里克资本持有的一只债券在一周内翻了一番--很快就回报了穆德里克先生的乐观情绪。AMC 利用其飙升的股价，在 1 月下旬筹集了近 10 亿美元的新融资，使其能够避免此前预期的破产申请。</blockquote></p><p> Around that time, Mr. Mudrick sold call options on AMC stock, producing immediate income to offset potential losses if the theater chain did face problems. The derivatives gave buyers the option to buy AMC shares from Mudrick Capital for about $40—viewed as a seeming improbability when the stock was trading below $10.</p><p><blockquote>大约在那个时候，穆德里克出售了 AMC 股票的看涨期权期权，产生了即时收入，以抵消连锁影院确实面临问题时的潜在损失。这些衍生品让买家可以选择以约 40 美元的价格从 Mudrick Capital 购买 AMC 股票——当股价低于 10 美元时，这似乎不太可能。</blockquote></p><p> Mr. Mudrick remained in contact with AMC Chief Executive Adam Aron about providing additional funding, leading to his recent share purchase. But he kept the derivative contracts outstanding as an insurance policy, one of the people familiar with the matter said.</p><p><blockquote>穆德里克先生与 AMC 首席执行官亚当·阿伦 (Adam Aron) 就提供额外资金事宜保持联系，导致他最近购买了股票。但一位知情人士表示，他将衍生品合约作为保险单保留。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.wsj.com/articles/amc-bet-by-hedge-fund-unravels-thanks-to-meme-stock-traders-11623431320?mod=markets_lead_pos2\">The Wall Street Journal</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":{"AMC":"AMC院线"},"source_url":"https://www.wsj.com/articles/amc-bet-by-hedge-fund-unravels-thanks-to-meme-stock-traders-11623431320?mod=markets_lead_pos2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1104635261","content_text":"Losses by Mudrick Capital show the risks of exposure to meme stocks.\n\nA multipronged bet onAMC Entertainment HoldingsInc.AMC15.39%boomeranged this month on Mudrick Capital Management LP, the latest hedge fund to fall victim to swarming day traders.\nMudrick’s flagship fund lost about 10% in just a few days as a jump in AMC’s stock price unexpectedly triggered changes in the value of derivatives the fund held as part of a complex trading strategy, people familiar with the matter said.\nThe setback comes months after a group of traders organizing on social media helped send the price ofGameStopCorp.GME5.88%and other stocks soaring in January, well beyond many investors’ views of underlying fundamentals.\nThe development prompted many hedge funds to slash their exposure to meme stocks. Mudrick Capital’s losses highlight how risky retaining significant exposure to such companies can be—even backfiring on a hedge-fund manager who was mostly in sync with the bullishness of individual investors.\nJason Mudrick, the firm’s founder, had been trading AMC stock, options and bonds for months, surfing a surge of enthusiasm for the theater chain among individual investors. But he also sold call options, derivative contracts meant to hedge the fund’s exposure to AMC should the stock price founder. Those derivative contracts, which gave its buyers the right to buy AMC stock from Mudrick at roughly $40 in the future, ballooned into liabilities when a resurgence ofReddit-fueled buyingrecently pushed AMC’s stock to new records, the people said.\nAs part of the broader AMC strategy, executives at Mudrick Capital were in talks with AMC to buy additional shares from the company in late May. On June 1, AMC disclosed that Mudrick Capital had agreed to buy $230.5 million of new stock directly from the company at $27.12 apiece, a premium over where it was then trading.\nMudrick immediately sold the stock at a profit, a quick flip that was reported by Bloomberg News and that sparked backlash on social media.\n“Mudrick didn’t stab AMC in the back…They shot themselves in the foot,” read one post on Reddit’s Wall Street Bets forum on June 1. Other posts around that time referenced Mudrick as “losers,” “scum bags” and “a large waving pile of s—t with no future.” Members of the forum urged each other to buy and hold.\nInside Mudrick, executives were growing apprehensive as the AMC rally gained steam. The firm’s risk committee met on the evening of June 1 after the stock closed at $32 and decided to exit all debt and derivative positions the following day.\nIt was a day too late.\nAMC’s stock price blew past $40in a matter of hours June 2, hitting an intraday high of $72.62.Call option prices soaredamid a frenzy of trading that Mudrick Capital contributed to and, by the end of the week, the winning trade had turned into a bust, costing the fund hundreds of millions of dollars in losses. Mudrick Capital made a roughly 5% return on the debt it sold but after accounting for its options trade, the fund took a net loss of about 5.4% on AMC.\nMr. Mudrick’s fund is still up about 12% for the year, one of the people said. Meanwhile, investors who bought AMC stock at the start of the year and held on have gained about 2000%.\nThe impact of social media-fueled day traders has become a defining market development this year, costing top hedge funds billions of dollars in losses, sparking a congressional hearing anddrawing scrutinyfrom the U.S. Securities and Exchange Commission. More hedge funds now track individual investors’ sentiment on social media and pay greater attention to companies with smaller market values whose stock price may be more susceptible to the enthusiasms of individual investors.\nMr. Mudrick specializes in distressed debt investing, often lending to troubled companies at high interest rates or swapping their existing debt for equity in bankruptcy court. Mudrick manages about $3.5 billion in investments firmwide and holds large, illiquid stakes in E-cigarette maker NJOY Holdings Inc. and satellite communications companyGlobalstarInc.from such exchanges. The flagship fund reported returns of about 17% annually from 2018 to 2020, according to data from HSBC Alternative Investment Group.\nBut distressed investing opportunities have grownharder to findas easy money from the Federal Reserve has given even struggling companies open access to debt markets. Mr. Mudrick has explored other strategies, launching several special-purpose acquisition companiesand, in the case of AMC, ultimately buying stock in block trades.\nMr. Mudrick initially applied his typical playbook to AMC, buying bonds for as little as 20 cents on the dollar,lending the company $100 millionin December and swapping some bonds into new shares. Theater attendance, already under pressure, had disappeared almost entirely amid Covid-19 pandemic lockdowns, and AMC stock traded as low as $2. He reasoned that consumers would regain their appetite for big-screen entertainment this year as more Americans got vaccinated.\nDay traders took theirfirst run at AMC in late January, urging each other on with the social-media rallying cry of #SaveAMC and briefly lifting the stock to around $20. AMC’s rising equity value boosted debt prices—one bond Mudrick Capital owned doubled within a week—quickly rewarding Mr. Mudrick’s bullishness. AMC capitalized on its surging stock priceto raise nearly $1 billion in new financingin late January, enabling it to ward off a previously expected bankruptcy filing.\nAround that time, Mr. Mudrick sold call options on AMC stock, producing immediate income to offset potential losses if the theater chain did face problems. The derivatives gave buyers the option to buy AMC shares from Mudrick Capital for about $40—viewed as a seeming improbability when the stock was trading below $10.\nMr. Mudrick remained in contact with AMC Chief Executive Adam Aron about providing additional funding, leading to his recent share purchase. But he kept the derivative contracts outstanding as an insurance policy, one of the people familiar with the matter said.","news_type":1,"symbols_score_info":{"AMC":0.9}},"isVote":1,"tweetType":1,"viewCount":1306,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":188076224,"gmtCreate":1623418420468,"gmtModify":1634033485809,"author":{"id":"3572478889900546","authorId":"3572478889900546","name":"leongsiak","avatar":"https://static.tigerbbs.com/1027f096cd968667d18cb31e27f3607a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572478889900546","idStr":"3572478889900546"},"themes":[],"title":"","htmlText":"Come on..&nbsp;[开心]&nbsp;","listText":"Come on..&nbsp;[开心]&nbsp;","text":"Come on.. [开心]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/188076224","repostId":"1187301815","repostType":4,"repost":{"id":"1187301815","kind":"news","pubTimestamp":1623415058,"share":"https://www.laohunote.com/m/news/1187301815?lang=zh_CN&edition=full","pubTime":"2021-06-11 20:37","market":"us","language":"en","title":"The Fed's Sneaky Plot<blockquote>美联储的阴险阴谋</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1187301815","media":"Zerohedge","summary":"For the past 22 years, every time the stock market whimpered, wheezed or whined, the Federal Reserve","content":"<p>For the past 22 years, every time the stock market whimpered, wheezed or whined, the Federal Reserve rushed to soothe the spoiled crybaby.</p><p><blockquote>在过去的22年里，每当股市呜咽、喘息或发牢骚时，美联储就会赶紧安抚这个被宠坏的爱哭鬼。</blockquote></p><p> There are two consequential results of the&nbsp;<i>Fed as savior</i>:</p><p><blockquote>有两个重要的结果<i>美联储作为救世主</i>:</blockquote></p><p>   1.   <b>The Fed has perfected&nbsp;</b>   <b><i>moral hazard</i></b>   <b>:</b>everyone from the money manager betting billions to the punters gambling their stimmy money is absolutely confident I can’t lose because the Fed will always push the market higher.  What happens when participants are confident they can’t possibly lose? They make ever-riskier and ever-larger bets. The entire nation is in the grip of a moral hazard mania, all based on the confidence that the Fed will always push every market higher—always, without fail.</p><p><blockquote>1.<b>美联储已经完善</b><b><i>道德风险</i></b><b>:</b>从押注数十亿美元的资金经理到赌徒，每个人都绝对相信我不会输，因为美联储总是会推高市场。当参与者确信自己不可能输时会发生什么？他们下的赌注越来越大，越来越大。整个国家都陷入了道德风险狂热之中，这一切都是基于这样一种信心：美联储将永远推高每个市场——永远不会失败。</blockquote></p><p>   2.   <b>Organic (i.e. non-manipulated) market forces have been extinguished.</b>There is now only one consequential force, the Fed. All markets are now 100% dependent on the Fed responding to every bleat from every punter who’s recklessly risky bet is about to go bad.  The Fed is now the perfect union of quasi-religious savior and&nbsp;<i>Helicopter Parent</i>: oh dear, our little darling got high and crashed the Porsche? Quick, let’s save our precious market from any consequences!</p><p><blockquote>2.<b>有机的（即非操纵的）市场力量已经消失。</b>现在只有一股重要力量，那就是美联储。现在，所有市场都 100% 依赖于美联储对每一个赌客的每一次抱怨做出回应，这些赌客的鲁莽冒险赌注即将失败。美联储现在是准宗教救世主和<i>直升机母机</i>哦，亲爱的，我们的小宝贝嗑药了，把保时捷撞坏了？快，让我们拯救我们宝贵的市场免受任何后果!</blockquote></p><p> <b>Every day, Fed speakers take to the pulpit to spew another sermon about the Fed’s god-like power and wisdom. The true believers soak up every word: golly-gee, the Fed is better than any god — it’s guaranteeing I can get rich if I just leverage up any bet in any market!</b></p><p><blockquote><b>每天，美联储发言人都会走上讲坛，再次宣讲美联储神一般的力量和智慧。真正的信徒们会吸收每一个字：天哪，美联储比任何神都强--它保证我只要在任何市场上加大赌注，就能发财!</b></blockquote></p><p> With a savior like the Fed, you don’t need a real economy or a real market - all you need is the assurance that the Fed will save every market from every consequence.</p><p><blockquote>有了美联储这样的救世主，你不需要真正的经济或真正的市场--你所需要的只是美联储将拯救每个市场免受每一个后果的保证。</blockquote></p><p> <b>The Point of Diminishing Returns</b></p><p><blockquote><b>收益递减点</b></blockquote></p><p> All this hubris is jolly while it lasts, but since risk cannot be dissipated, it can only be transferred, the Fed has transferred decades of fast-rising risk to the entire system. The entire system now rests on the Fed, a dependency that raises its own risks.</p><p><blockquote>所有这些傲慢在持续的时候是令人愉快的，但由于风险无法消散，只能转移，美联储已经将几十年来快速增长的风险转移到了整个系统。整个体系现在依赖于美联储，这种依赖增加了自身的风险。</blockquote></p><p> <b>By imposing moral hazard and crushing consequences, the Fed has stripped the entire financial system of self-correcting mechanisms. This is a surefire recipe for systemic failure and collapse.</b></p><p><blockquote><b>通过施加道德风险和毁灭性后果，美联储剥夺了整个金融体系的自我纠正机制。这是系统性失败和崩溃的万无一失的秘诀。</b></blockquote></p><p> There is no way to wean the system off its dependence on the Fed, and no way to restore organic market functions. The slightest reduction in the Fed’s spew of trillions will crash the market, because there is literally nothing holding it aloft but Fed spew — monetary and verbal.</p><p><blockquote>没有办法让这个体系摆脱对美联储的依赖，也没有办法恢复有机的市场功能。美联储数万亿美元的喷水量稍有减少，市场就会崩溃，因为除了美联储的喷水--货币和口头上--之外，没有什么能支撑市场。</blockquote></p><p> The problem with becoming 100% dependent on the Fed is any wobble will crash the system — and&nbsp;<i>diminishing returns</i>&nbsp;guarantee a wobble.</p><p><blockquote>100% 依赖美联储的问题在于，任何动摇都会使系统崩溃——而且<i>回报递减</i>保证摇摆。</blockquote></p><p> <b>The system’s sensitivity to the Fed’s spew of trillions of dollars and claptrap preaching is diminishing,</b>which is why the Fed has moved from spewing hundreds of billions to trillions, and why Fed speakers who we once heard from once a month are now out in force every single day.</p><p><blockquote><b>整个系统对美联储数万亿美元的喷水和哗众取宠的说教的敏感度正在降低、</b>这就是为什么美联储从喷出数千亿美元转向数万亿美元，也是为什么我们曾经每月听到一次的美联储发言人现在每天都在生效。</blockquote></p><p> Remarkably, few anticipate any consequence from the Fed’s perfection of moral hazard and the system’s 100% dependence on the Fed’s spew even as diminishing returns gnaw away at the efficacy of the Fed’s ever more grandiose policies and pronouncements.</p><p><blockquote>值得注意的是，很少有人预料到美联储完美的道德风险和该系统 100% 依赖美联储的吐槽会产生任何后果，即使回报率不断下降，美联储日益宏大的政策和声明的效力也在不断蚕食。</blockquote></p><p> <b>If you wanted to design a system guaranteed to collapse in a putrid heap, you’d make moral hazard ubiquitous and you’d make the system 100% dependent on a hubris-soaked faux savior.</b></p><p><blockquote><b>如果你想设计一个保证会在腐烂的垃圾堆中崩溃的系统，你就会让道德风险无处不在，你就会让这个系统 100% 依赖于一个傲慢自大的假救世主。</b></blockquote></p><p> Hey, that describes America’s economy and financial system perfectly. But now I want to explore something about the Fed you’ve probably never considered before…</p><p><blockquote>嘿，这完美地描述了美国的经济和金融体系。但现在我想探讨一些你可能从未考虑过的关于美联储的事情..</blockquote></p><p> <b>The Fed’s Official and Unofficial Mandates</b></p><p><blockquote><b>美联储的官方和非官方任务</b></blockquote></p><p> There are two standard-issue narratives about the Federal Reserve’s agenda: the Fed’s official narrative is that the Fed’s mandate is to keep inflation under control while promoting full employment.</p><p><blockquote>关于美联储的议程有两种标准说法： 美联储的官方说法是，美联储的任务是在促进充分就业的同时控制通胀。</blockquote></p><p> <b>The unofficial mandate that’s obvious to all is to prop up assets, especially the stock market, which has become the Fed’s preferred&nbsp;</b><b><i>signifier of prosperity and the rightness/goodness of Fed policies.</i></b></p><p><blockquote><b>所有人都清楚的非官方任务是支撑资产，尤其是已成为美联储首选的股票市场。</b><b><i>繁荣的象征和美联储政策的正确性/正确性。</i></b></blockquote></p><p> The other narrative results from “following the money”: the Fed is owned by private-sector banks, and so behind the curtain of happy-talk (full employment, blah-blah-blah), the Fed’s only real agenda is to further enrich banks and too big to fail/jail financiers — something it has managed to do with remarkable success.</p><p><blockquote>另一种说法来自 “追随金钱 ”： 美联储由私营部门银行所有，因此在高谈阔论（充分就业、诸如此类）的幕后，美联储唯一真正的议程就是进一步丰富银行和大到不能倒/监禁金融家--而美联储在这方面取得了显著的成功。</blockquote></p><p> That the Fed inflated the 1999-2000 dot-com bubble and the 2005-2008 housing bubble is undeniable, as is the Fed’s 2008-09 bailout of the global financial system and too big to fail/jail mortgage originators and a vast array of other profiteering, embezzler-scoundrels.</p><p><blockquote>不可否认，美联储助长了 1999-2000 年的互联网泡沫和 2005-2008 年的房地产泡沫，美联储在 2008-09 年对全球金融体系的救助以及“大到不能倒”/监禁抵押贷款发起人和其他大量牟取暴利、挪用公款的恶棍也是如此。</blockquote></p><p> The Fed’s zero-interest rate policy (ZIRP) and unprecedented quantitative easing monetary stimulus have pushed the Fed balance sheet, federal debt and systemic debt to heights that heretofore would have been inconceivable.</p><p><blockquote>美联储的零利率政策（ZIRP）和前所未有的量化宽松货币刺激措施将美联储的资产负债表、联邦债务和系统性债务推向了以前难以想象的高度。</blockquote></p><p></p><p> While pursuing these non-mutually-exclusive agendas —&nbsp;<i>we came to do good and stayed to do well</i>— the Fed has generated destabilizing extremes of wealth and income inequality, a reality that the Fed laughably denies. (There must be much mirth about this BS behind closed doors.)</p><p><blockquote>在追求这些互不排斥的议程的同时——<i>我们来是为了做好事，留下来是为了做好事</i>——美联储造成了破坏稳定的极端财富和收入不平等，而美联储可笑地否认了这一现实。（闭门造车肯定有很多欢乐。）</blockquote></p><p> <b>Allow me to posit a third agenda which doesn’t negate either conventional agenda but does explain some of the Fed’s actions since 2008…</b></p><p><blockquote><b>请允许我提出第三个议程，它并不否定任何一个传统议程，但确实解释了美联储自 2008 年以来的一些行动..</b></blockquote></p><p> <b>The Fed’s Real Mandate</b></p><p><blockquote><b>美联储的真正使命</b></blockquote></p><p> <b>As the system unravels, the Fed’s primary imperative is to save the financial system and economy from the greed-soaked incompetence of the other players, public and private, by taking charge of critical swaths of the financial system and economy.</b></p><p><blockquote><b>随着金融体系的瓦解，美联储的首要任务是通过掌控金融体系和经济的关键领域，将金融体系和经济从其他公共和私营部门参与者贪婪无能的影响中拯救出来。</b></blockquote></p><p> After the subprime debacle almost took down the entire global financial system, the Fed (with a bit of help from Congress) essentially took over the entire $10 trillion U.S. mortgage market.</p><p><blockquote>在次贷危机几乎摧毁了整个全球金融体系后，美联储（在国会的帮助下）基本上接管了整个10万亿美元的美国抵押贷款市场。</blockquote></p><p> Private-sector lenders had figured out how to issue guaranteed-to-default mortgages and pass off the fraudulent mortgage-backed securities (MBS) to a global cast of suckers who believed America’s financial system was properly regulated. (Haha, the joke’s on you.)</p><p><blockquote>私营部门贷款机构已经想出了如何发行违约担保抵押贷款，并将欺诈性抵押贷款支持证券（MBS）转嫁给一群相信美国金融体系受到适当监管的全球傻瓜。（哈哈，笑话在你身上。）</blockquote></p><p> In response, the Fed basically nationalized the mortgage market, buying more than $1 trillion in mortgage-backed securities and ensuring that virtually all mortgages in the U.S. were guaranteed or originated by federal agencies: Fannie Mae and Freddie Mac (after their bankruptcy as quasi-private agencies), FHA and VA.</p><p><blockquote>作为回应，美联储基本上将抵押贷款市场国有化，购买了超过 1 万亿美元的抵押贷款支持证券，并确保美国几乎所有抵押贷款都由联邦机构担保或发起：房利美和房地美（准私人机构破产后）、联邦住房管理局和退伍军人管理局。</blockquote></p><p> More recently, the Fed realized the private broker-dealer banks that handle the all-important issuance of Treasury bonds could no longer be trusted.</p><p><blockquote>最近，美联储意识到处理最重要的国债发行的私人经纪自营商银行不再可信。</blockquote></p><p> As analyst Christopher Whalen explains,&nbsp;<b><i>“The Fed’s primary concern is not employment or inflation, but rather keeping the market for Treasury securities functioning.”</i></b></p><p><blockquote>正如分析师克里斯托弗·惠伦解释的那样，<b><i>“美联储的首要关注点不是就业或通胀，而是保持国债市场的正常运转。”</i></b></blockquote></p><p> In response, the Fed is cutting the broker-dealers out as unreliable players. The Treasury market and the U.S. dollar are the foundations of federal spending and power, and so the Fed has realized that, just as it did with the fraudulent embezzlers of the private-sector mortgage market, it has to bypass or neuter the private-sector players as threats to stability.</p><p><blockquote>作为回应，美联储正在将经纪自营商剔除为不可靠的参与者。国债市场和美元是联邦支出和权力的基础，因此美联储已经意识到，正如它对私营部门抵押贷款市场的欺诈性挪用者所做的那样，它必须绕过或压制私营部门参与者，将其视为对稳定的威胁。</blockquote></p><p> <b>Next up on the Fed’s agenda: take charge of the issuance of new money to households and cut Congress out of the loop.</b></p><p><blockquote><b>美联储的下一个议程是：负责向家庭发行新货币，并将国会排除在外。</b></blockquote></p><p> <b>Money Directly From the Fed</b></p><p><blockquote><b>直接来自美联储的资金</b></blockquote></p><p> If you read up on the Fed’s plans for its own digital currency and the FedNow system, you’ll come to understand that the Fed has concluded that supporting consumption (i.e. giving money to households to enable more spending) is too important to leave in the corrupt hands of the legislative bodies (Congress) or the Treasury, which must issue debt to raise cash to distribute to households, debt that further burdens federal revenues and spending.</p><p><blockquote>如果你仔细阅读美联储对自己的数字货币和 FedNow 系统的计划，你就会明白，美联储已经得出结论，支持消费（即向家庭发放资金以增加支出）太重要了，不能把这些债务交给腐败的立法机构（国会）或财政部，因为后者必须发行债务来筹集现金以分配给家庭，而这些债务进一步加重了联邦收入和支出的负担。</blockquote></p><p> We can’t count on you, broker-dealers or Congress, so we’re taking charge, as the system is now so over-extended that any misadventure by other players could well be catastrophic. The only alternative from the Fed’s point of view is to take charge and cut the untrustworthy, self-serving incompetents out of the loop.</p><p><blockquote>我们不能指望你们、经纪人或国会，所以我们要负责，因为现在的系统已经过度扩张，其他参与者的任何意外都很可能是灾难性的。从美联储的角度来看，唯一的选择就是接管并将不值得信赖、自私自利的无能之辈剔除出去。</blockquote></p><p> <b>So the Fed’s plan is to create new money out of thin air and deposit it directly in household accounts via the FedNow system.</b></p><p><blockquote><b>因此，美联储的计划是凭空创造新的货币，并通过 FedNow 系统直接存入家庭账户。</b></blockquote></p><p> The danger of this power grab is that the Fed will misjudge the situation, and that will prove catastrophic because the system has been stripped of resilience, feedback and redundancy.</p><p><blockquote>这种权力攫取的危险在于，美联储会误判形势，这将被证明是灾难性的，因为该系统已经失去了弹性、反馈和冗余。</blockquote></p><p> I suspect the Fed sees itself as trapped by the incompetence and greed of the other players and by its own policy extremes that were little more than expedient “saves” of a system that is unraveling due to its fragility and brittleness.</p><p><blockquote>我怀疑美联储认为自己被其他参与者的无能和贪婪以及自己的极端政策所困，这些政策只不过是对一个因脆弱性而正在瓦解的体系的权宜之计 “拯救”。</blockquote></p><p> <b>The groundwork is being laid for the Fed’s digital currency and direct deposits to households via FedNow accounts.</b></p><p><blockquote><b>美联储正在为数字货币和通过 FedNow 账户向家庭直接存款奠定基础。</b></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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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 Fed's Sneaky Plot<blockquote>美联储的阴险阴谋</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Zerohedge</strong><span class=\"h-time small\">2021-06-11 20:37</span>\n</p>\n</h4>\n</header>\n<article>\n<p>For the past 22 years, every time the stock market whimpered, wheezed or whined, the Federal Reserve rushed to soothe the spoiled crybaby.</p><p><blockquote>在过去的22年里，每当股市呜咽、喘息或发牢骚时，美联储就会赶紧安抚这个被宠坏的爱哭鬼。</blockquote></p><p> There are two consequential results of the&nbsp;<i>Fed as savior</i>:</p><p><blockquote>有两个重要的结果<i>美联储作为救世主</i>:</blockquote></p><p>   1.   <b>The Fed has perfected&nbsp;</b>   <b><i>moral hazard</i></b>   <b>:</b>everyone from the money manager betting billions to the punters gambling their stimmy money is absolutely confident I can’t lose because the Fed will always push the market higher.  What happens when participants are confident they can’t possibly lose? They make ever-riskier and ever-larger bets. The entire nation is in the grip of a moral hazard mania, all based on the confidence that the Fed will always push every market higher—always, without fail.</p><p><blockquote>1.<b>美联储已经完善</b><b><i>道德风险</i></b><b>:</b>从押注数十亿美元的资金经理到赌徒，每个人都绝对相信我不会输，因为美联储总是会推高市场。当参与者确信自己不可能输时会发生什么？他们下的赌注越来越大，越来越大。整个国家都陷入了道德风险狂热之中，这一切都是基于这样一种信心：美联储将永远推高每个市场——永远不会失败。</blockquote></p><p>   2.   <b>Organic (i.e. non-manipulated) market forces have been extinguished.</b>There is now only one consequential force, the Fed. All markets are now 100% dependent on the Fed responding to every bleat from every punter who’s recklessly risky bet is about to go bad.  The Fed is now the perfect union of quasi-religious savior and&nbsp;<i>Helicopter Parent</i>: oh dear, our little darling got high and crashed the Porsche? Quick, let’s save our precious market from any consequences!</p><p><blockquote>2.<b>有机的（即非操纵的）市场力量已经消失。</b>现在只有一股重要力量，那就是美联储。现在，所有市场都 100% 依赖于美联储对每一个赌客的每一次抱怨做出回应，这些赌客的鲁莽冒险赌注即将失败。美联储现在是准宗教救世主和<i>直升机母机</i>哦，亲爱的，我们的小宝贝嗑药了，把保时捷撞坏了？快，让我们拯救我们宝贵的市场免受任何后果!</blockquote></p><p> <b>Every day, Fed speakers take to the pulpit to spew another sermon about the Fed’s god-like power and wisdom. The true believers soak up every word: golly-gee, the Fed is better than any god — it’s guaranteeing I can get rich if I just leverage up any bet in any market!</b></p><p><blockquote><b>每天，美联储发言人都会走上讲坛，再次宣讲美联储神一般的力量和智慧。真正的信徒们会吸收每一个字：天哪，美联储比任何神都强--它保证我只要在任何市场上加大赌注，就能发财!</b></blockquote></p><p> With a savior like the Fed, you don’t need a real economy or a real market - all you need is the assurance that the Fed will save every market from every consequence.</p><p><blockquote>有了美联储这样的救世主，你不需要真正的经济或真正的市场--你所需要的只是美联储将拯救每个市场免受每一个后果的保证。</blockquote></p><p> <b>The Point of Diminishing Returns</b></p><p><blockquote><b>收益递减点</b></blockquote></p><p> All this hubris is jolly while it lasts, but since risk cannot be dissipated, it can only be transferred, the Fed has transferred decades of fast-rising risk to the entire system. The entire system now rests on the Fed, a dependency that raises its own risks.</p><p><blockquote>所有这些傲慢在持续的时候是令人愉快的，但由于风险无法消散，只能转移，美联储已经将几十年来快速增长的风险转移到了整个系统。整个体系现在依赖于美联储，这种依赖增加了自身的风险。</blockquote></p><p> <b>By imposing moral hazard and crushing consequences, the Fed has stripped the entire financial system of self-correcting mechanisms. This is a surefire recipe for systemic failure and collapse.</b></p><p><blockquote><b>通过施加道德风险和毁灭性后果，美联储剥夺了整个金融体系的自我纠正机制。这是系统性失败和崩溃的万无一失的秘诀。</b></blockquote></p><p> There is no way to wean the system off its dependence on the Fed, and no way to restore organic market functions. The slightest reduction in the Fed’s spew of trillions will crash the market, because there is literally nothing holding it aloft but Fed spew — monetary and verbal.</p><p><blockquote>没有办法让这个体系摆脱对美联储的依赖，也没有办法恢复有机的市场功能。美联储数万亿美元的喷水量稍有减少，市场就会崩溃，因为除了美联储的喷水--货币和口头上--之外，没有什么能支撑市场。</blockquote></p><p> The problem with becoming 100% dependent on the Fed is any wobble will crash the system — and&nbsp;<i>diminishing returns</i>&nbsp;guarantee a wobble.</p><p><blockquote>100% 依赖美联储的问题在于，任何动摇都会使系统崩溃——而且<i>回报递减</i>保证摇摆。</blockquote></p><p> <b>The system’s sensitivity to the Fed’s spew of trillions of dollars and claptrap preaching is diminishing,</b>which is why the Fed has moved from spewing hundreds of billions to trillions, and why Fed speakers who we once heard from once a month are now out in force every single day.</p><p><blockquote><b>整个系统对美联储数万亿美元的喷水和哗众取宠的说教的敏感度正在降低、</b>这就是为什么美联储从喷出数千亿美元转向数万亿美元，也是为什么我们曾经每月听到一次的美联储发言人现在每天都在生效。</blockquote></p><p> Remarkably, few anticipate any consequence from the Fed’s perfection of moral hazard and the system’s 100% dependence on the Fed’s spew even as diminishing returns gnaw away at the efficacy of the Fed’s ever more grandiose policies and pronouncements.</p><p><blockquote>值得注意的是，很少有人预料到美联储完美的道德风险和该系统 100% 依赖美联储的吐槽会产生任何后果，即使回报率不断下降，美联储日益宏大的政策和声明的效力也在不断蚕食。</blockquote></p><p> <b>If you wanted to design a system guaranteed to collapse in a putrid heap, you’d make moral hazard ubiquitous and you’d make the system 100% dependent on a hubris-soaked faux savior.</b></p><p><blockquote><b>如果你想设计一个保证会在腐烂的垃圾堆中崩溃的系统，你就会让道德风险无处不在，你就会让这个系统 100% 依赖于一个傲慢自大的假救世主。</b></blockquote></p><p> Hey, that describes America’s economy and financial system perfectly. But now I want to explore something about the Fed you’ve probably never considered before…</p><p><blockquote>嘿，这完美地描述了美国的经济和金融体系。但现在我想探讨一些你可能从未考虑过的关于美联储的事情..</blockquote></p><p> <b>The Fed’s Official and Unofficial Mandates</b></p><p><blockquote><b>美联储的官方和非官方任务</b></blockquote></p><p> There are two standard-issue narratives about the Federal Reserve’s agenda: the Fed’s official narrative is that the Fed’s mandate is to keep inflation under control while promoting full employment.</p><p><blockquote>关于美联储的议程有两种标准说法： 美联储的官方说法是，美联储的任务是在促进充分就业的同时控制通胀。</blockquote></p><p> <b>The unofficial mandate that’s obvious to all is to prop up assets, especially the stock market, which has become the Fed’s preferred&nbsp;</b><b><i>signifier of prosperity and the rightness/goodness of Fed policies.</i></b></p><p><blockquote><b>所有人都清楚的非官方任务是支撑资产，尤其是已成为美联储首选的股票市场。</b><b><i>繁荣的象征和美联储政策的正确性/正确性。</i></b></blockquote></p><p> The other narrative results from “following the money”: the Fed is owned by private-sector banks, and so behind the curtain of happy-talk (full employment, blah-blah-blah), the Fed’s only real agenda is to further enrich banks and too big to fail/jail financiers — something it has managed to do with remarkable success.</p><p><blockquote>另一种说法来自 “追随金钱 ”： 美联储由私营部门银行所有，因此在高谈阔论（充分就业、诸如此类）的幕后，美联储唯一真正的议程就是进一步丰富银行和大到不能倒/监禁金融家--而美联储在这方面取得了显著的成功。</blockquote></p><p> That the Fed inflated the 1999-2000 dot-com bubble and the 2005-2008 housing bubble is undeniable, as is the Fed’s 2008-09 bailout of the global financial system and too big to fail/jail mortgage originators and a vast array of other profiteering, embezzler-scoundrels.</p><p><blockquote>不可否认，美联储助长了 1999-2000 年的互联网泡沫和 2005-2008 年的房地产泡沫，美联储在 2008-09 年对全球金融体系的救助以及“大到不能倒”/监禁抵押贷款发起人和其他大量牟取暴利、挪用公款的恶棍也是如此。</blockquote></p><p> The Fed’s zero-interest rate policy (ZIRP) and unprecedented quantitative easing monetary stimulus have pushed the Fed balance sheet, federal debt and systemic debt to heights that heretofore would have been inconceivable.</p><p><blockquote>美联储的零利率政策（ZIRP）和前所未有的量化宽松货币刺激措施将美联储的资产负债表、联邦债务和系统性债务推向了以前难以想象的高度。</blockquote></p><p></p><p> While pursuing these non-mutually-exclusive agendas —&nbsp;<i>we came to do good and stayed to do well</i>— the Fed has generated destabilizing extremes of wealth and income inequality, a reality that the Fed laughably denies. (There must be much mirth about this BS behind closed doors.)</p><p><blockquote>在追求这些互不排斥的议程的同时——<i>我们来是为了做好事，留下来是为了做好事</i>——美联储造成了破坏稳定的极端财富和收入不平等，而美联储可笑地否认了这一现实。（闭门造车肯定有很多欢乐。）</blockquote></p><p> <b>Allow me to posit a third agenda which doesn’t negate either conventional agenda but does explain some of the Fed’s actions since 2008…</b></p><p><blockquote><b>请允许我提出第三个议程，它并不否定任何一个传统议程，但确实解释了美联储自 2008 年以来的一些行动..</b></blockquote></p><p> <b>The Fed’s Real Mandate</b></p><p><blockquote><b>美联储的真正使命</b></blockquote></p><p> <b>As the system unravels, the Fed’s primary imperative is to save the financial system and economy from the greed-soaked incompetence of the other players, public and private, by taking charge of critical swaths of the financial system and economy.</b></p><p><blockquote><b>随着金融体系的瓦解，美联储的首要任务是通过掌控金融体系和经济的关键领域，将金融体系和经济从其他公共和私营部门参与者贪婪无能的影响中拯救出来。</b></blockquote></p><p> After the subprime debacle almost took down the entire global financial system, the Fed (with a bit of help from Congress) essentially took over the entire $10 trillion U.S. mortgage market.</p><p><blockquote>在次贷危机几乎摧毁了整个全球金融体系后，美联储（在国会的帮助下）基本上接管了整个10万亿美元的美国抵押贷款市场。</blockquote></p><p> Private-sector lenders had figured out how to issue guaranteed-to-default mortgages and pass off the fraudulent mortgage-backed securities (MBS) to a global cast of suckers who believed America’s financial system was properly regulated. (Haha, the joke’s on you.)</p><p><blockquote>私营部门贷款机构已经想出了如何发行违约担保抵押贷款，并将欺诈性抵押贷款支持证券（MBS）转嫁给一群相信美国金融体系受到适当监管的全球傻瓜。（哈哈，笑话在你身上。）</blockquote></p><p> In response, the Fed basically nationalized the mortgage market, buying more than $1 trillion in mortgage-backed securities and ensuring that virtually all mortgages in the U.S. were guaranteed or originated by federal agencies: Fannie Mae and Freddie Mac (after their bankruptcy as quasi-private agencies), FHA and VA.</p><p><blockquote>作为回应，美联储基本上将抵押贷款市场国有化，购买了超过 1 万亿美元的抵押贷款支持证券，并确保美国几乎所有抵押贷款都由联邦机构担保或发起：房利美和房地美（准私人机构破产后）、联邦住房管理局和退伍军人管理局。</blockquote></p><p> More recently, the Fed realized the private broker-dealer banks that handle the all-important issuance of Treasury bonds could no longer be trusted.</p><p><blockquote>最近，美联储意识到处理最重要的国债发行的私人经纪自营商银行不再可信。</blockquote></p><p> As analyst Christopher Whalen explains,&nbsp;<b><i>“The Fed’s primary concern is not employment or inflation, but rather keeping the market for Treasury securities functioning.”</i></b></p><p><blockquote>正如分析师克里斯托弗·惠伦解释的那样，<b><i>“美联储的首要关注点不是就业或通胀，而是保持国债市场的正常运转。”</i></b></blockquote></p><p> In response, the Fed is cutting the broker-dealers out as unreliable players. The Treasury market and the U.S. dollar are the foundations of federal spending and power, and so the Fed has realized that, just as it did with the fraudulent embezzlers of the private-sector mortgage market, it has to bypass or neuter the private-sector players as threats to stability.</p><p><blockquote>作为回应，美联储正在将经纪自营商剔除为不可靠的参与者。国债市场和美元是联邦支出和权力的基础，因此美联储已经意识到，正如它对私营部门抵押贷款市场的欺诈性挪用者所做的那样，它必须绕过或压制私营部门参与者，将其视为对稳定的威胁。</blockquote></p><p> <b>Next up on the Fed’s agenda: take charge of the issuance of new money to households and cut Congress out of the loop.</b></p><p><blockquote><b>美联储的下一个议程是：负责向家庭发行新货币，并将国会排除在外。</b></blockquote></p><p> <b>Money Directly From the Fed</b></p><p><blockquote><b>直接来自美联储的资金</b></blockquote></p><p> If you read up on the Fed’s plans for its own digital currency and the FedNow system, you’ll come to understand that the Fed has concluded that supporting consumption (i.e. giving money to households to enable more spending) is too important to leave in the corrupt hands of the legislative bodies (Congress) or the Treasury, which must issue debt to raise cash to distribute to households, debt that further burdens federal revenues and spending.</p><p><blockquote>如果你仔细阅读美联储对自己的数字货币和 FedNow 系统的计划，你就会明白，美联储已经得出结论，支持消费（即向家庭发放资金以增加支出）太重要了，不能把这些债务交给腐败的立法机构（国会）或财政部，因为后者必须发行债务来筹集现金以分配给家庭，而这些债务进一步加重了联邦收入和支出的负担。</blockquote></p><p> We can’t count on you, broker-dealers or Congress, so we’re taking charge, as the system is now so over-extended that any misadventure by other players could well be catastrophic. The only alternative from the Fed’s point of view is to take charge and cut the untrustworthy, self-serving incompetents out of the loop.</p><p><blockquote>我们不能指望你们、经纪人或国会，所以我们要负责，因为现在的系统已经过度扩张，其他参与者的任何意外都很可能是灾难性的。从美联储的角度来看，唯一的选择就是接管并将不值得信赖、自私自利的无能之辈剔除出去。</blockquote></p><p> <b>So the Fed’s plan is to create new money out of thin air and deposit it directly in household accounts via the FedNow system.</b></p><p><blockquote><b>因此，美联储的计划是凭空创造新的货币，并通过 FedNow 系统直接存入家庭账户。</b></blockquote></p><p> The danger of this power grab is that the Fed will misjudge the situation, and that will prove catastrophic because the system has been stripped of resilience, feedback and redundancy.</p><p><blockquote>这种权力攫取的危险在于，美联储会误判形势，这将被证明是灾难性的，因为该系统已经失去了弹性、反馈和冗余。</blockquote></p><p> I suspect the Fed sees itself as trapped by the incompetence and greed of the other players and by its own policy extremes that were little more than expedient “saves” of a system that is unraveling due to its fragility and brittleness.</p><p><blockquote>我怀疑美联储认为自己被其他参与者的无能和贪婪以及自己的极端政策所困，这些政策只不过是对一个因脆弱性而正在瓦解的体系的权宜之计 “拯救”。</blockquote></p><p> <b>The groundwork is being laid for the Fed’s digital currency and direct deposits to households via FedNow accounts.</b></p><p><blockquote><b>美联储正在为数字货币和通过 FedNow 账户向家庭直接存款奠定基础。</b></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.zerohedge.com/economics/feds-sneaky-plot\">Zerohedge</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯","SPY":"标普500ETF",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://www.zerohedge.com/economics/feds-sneaky-plot","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1187301815","content_text":"For the past 22 years, every time the stock market whimpered, wheezed or whined, the Federal Reserve rushed to soothe the spoiled crybaby.\nThere are two consequential results of the Fed as savior:\n\n 1. \n The Fed has perfected \nmoral hazard\n:everyone from the money manager betting billions to the punters gambling their stimmy money is absolutely confident I can’t lose because the Fed will always push the market higher.\n\nWhat happens when participants are confident they can’t possibly lose? They make ever-riskier and ever-larger bets. The entire nation is in the grip of a moral hazard mania, all based on the confidence that the Fed will always push every market higher—always, without fail.\n\n 2. \n Organic (i.e. non-manipulated) market forces have been extinguished.There is now only one consequential force, the Fed. All markets are now 100% dependent on the Fed responding to every bleat from every punter who’s recklessly risky bet is about to go bad.\n\nThe Fed is now the perfect union of quasi-religious savior and Helicopter Parent: oh dear, our little darling got high and crashed the Porsche? Quick, let’s save our precious market from any consequences!\nEvery day, Fed speakers take to the pulpit to spew another sermon about the Fed’s god-like power and wisdom. The true believers soak up every word: golly-gee, the Fed is better than any god — it’s guaranteeing I can get rich if I just leverage up any bet in any market!\nWith a savior like the Fed, you don’t need a real economy or a real market - all you need is the assurance that the Fed will save every market from every consequence.\nThe Point of Diminishing Returns\nAll this hubris is jolly while it lasts, but since risk cannot be dissipated, it can only be transferred, the Fed has transferred decades of fast-rising risk to the entire system. The entire system now rests on the Fed, a dependency that raises its own risks.\nBy imposing moral hazard and crushing consequences, the Fed has stripped the entire financial system of self-correcting mechanisms. This is a surefire recipe for systemic failure and collapse.\nThere is no way to wean the system off its dependence on the Fed, and no way to restore organic market functions. The slightest reduction in the Fed’s spew of trillions will crash the market, because there is literally nothing holding it aloft but Fed spew — monetary and verbal.\nThe problem with becoming 100% dependent on the Fed is any wobble will crash the system — and diminishing returns guarantee a wobble.\nThe system’s sensitivity to the Fed’s spew of trillions of dollars and claptrap preaching is diminishing,which is why the Fed has moved from spewing hundreds of billions to trillions, and why Fed speakers who we once heard from once a month are now out in force every single day.\nRemarkably, few anticipate any consequence from the Fed’s perfection of moral hazard and the system’s 100% dependence on the Fed’s spew even as diminishing returns gnaw away at the efficacy of the Fed’s ever more grandiose policies and pronouncements.\nIf you wanted to design a system guaranteed to collapse in a putrid heap, you’d make moral hazard ubiquitous and you’d make the system 100% dependent on a hubris-soaked faux savior.\nHey, that describes America’s economy and financial system perfectly. But now I want to explore something about the Fed you’ve probably never considered before…\nThe Fed’s Official and Unofficial Mandates\nThere are two standard-issue narratives about the Federal Reserve’s agenda: the Fed’s official narrative is that the Fed’s mandate is to keep inflation under control while promoting full employment.\nThe unofficial mandate that’s obvious to all is to prop up assets, especially the stock market, which has become the Fed’s preferred signifier of prosperity and the rightness/goodness of Fed policies.\nThe other narrative results from “following the money”: the Fed is owned by private-sector banks, and so behind the curtain of happy-talk (full employment, blah-blah-blah), the Fed’s only real agenda is to further enrich banks and too big to fail/jail financiers — something it has managed to do with remarkable success.\nThat the Fed inflated the 1999-2000 dot-com bubble and the 2005-2008 housing bubble is undeniable, as is the Fed’s 2008-09 bailout of the global financial system and too big to fail/jail mortgage originators and a vast array of other profiteering, embezzler-scoundrels.\nThe Fed’s zero-interest rate policy (ZIRP) and unprecedented quantitative easing monetary stimulus have pushed the Fed balance sheet, federal debt and systemic debt to heights that heretofore would have been inconceivable.\nWhile pursuing these non-mutually-exclusive agendas — we came to do good and stayed to do well— the Fed has generated destabilizing extremes of wealth and income inequality, a reality that the Fed laughably denies. (There must be much mirth about this BS behind closed doors.)\nAllow me to posit a third agenda which doesn’t negate either conventional agenda but does explain some of the Fed’s actions since 2008…\nThe Fed’s Real Mandate\nAs the system unravels, the Fed’s primary imperative is to save the financial system and economy from the greed-soaked incompetence of the other players, public and private, by taking charge of critical swaths of the financial system and economy.\nAfter the subprime debacle almost took down the entire global financial system, the Fed (with a bit of help from Congress) essentially took over the entire $10 trillion U.S. mortgage market.\nPrivate-sector lenders had figured out how to issue guaranteed-to-default mortgages and pass off the fraudulent mortgage-backed securities (MBS) to a global cast of suckers who believed America’s financial system was properly regulated. (Haha, the joke’s on you.)\nIn response, the Fed basically nationalized the mortgage market, buying more than $1 trillion in mortgage-backed securities and ensuring that virtually all mortgages in the U.S. were guaranteed or originated by federal agencies: Fannie Mae and Freddie Mac (after their bankruptcy as quasi-private agencies), FHA and VA.\nMore recently, the Fed realized the private broker-dealer banks that handle the all-important issuance of Treasury bonds could no longer be trusted.\nAs analyst Christopher Whalen explains, “The Fed’s primary concern is not employment or inflation, but rather keeping the market for Treasury securities functioning.”\nIn response, the Fed is cutting the broker-dealers out as unreliable players. The Treasury market and the U.S. dollar are the foundations of federal spending and power, and so the Fed has realized that, just as it did with the fraudulent embezzlers of the private-sector mortgage market, it has to bypass or neuter the private-sector players as threats to stability.\nNext up on the Fed’s agenda: take charge of the issuance of new money to households and cut Congress out of the loop.\nMoney Directly From the Fed\nIf you read up on the Fed’s plans for its own digital currency and the FedNow system, you’ll come to understand that the Fed has concluded that supporting consumption (i.e. giving money to households to enable more spending) is too important to leave in the corrupt hands of the legislative bodies (Congress) or the Treasury, which must issue debt to raise cash to distribute to households, debt that further burdens federal revenues and spending.\nWe can’t count on you, broker-dealers or Congress, so we’re taking charge, as the system is now so over-extended that any misadventure by other players could well be catastrophic. The only alternative from the Fed’s point of view is to take charge and cut the untrustworthy, self-serving incompetents out of the loop.\nSo the Fed’s plan is to create new money out of thin air and deposit it directly in household accounts via the FedNow system.\nThe danger of this power grab is that the Fed will misjudge the situation, and that will prove catastrophic because the system has been stripped of resilience, feedback and redundancy.\nI suspect the Fed sees itself as trapped by the incompetence and greed of the other players and by its own policy extremes that were little more than expedient “saves” of a system that is unraveling due to its fragility and brittleness.\nThe groundwork is being laid for the Fed’s digital currency and direct deposits to households via FedNow accounts.","news_type":1,"symbols_score_info":{"SPY":0.9,".IXIC":0.9,".SPX":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":870,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"hots":[{"id":185537207,"gmtCreate":1623659457109,"gmtModify":1634030536990,"author":{"id":"3572478889900546","authorId":"3572478889900546","name":"leongsiak","avatar":"https://static.tigerbbs.com/1027f096cd968667d18cb31e27f3607a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572478889900546","authorIdStr":"3572478889900546"},"themes":[],"title":"","htmlText":"Will the ex largest car maker can come back with better automated electrical car&nbsp;[龇牙]&nbsp;","listText":"Will the ex largest car maker can come back with better automated electrical car&nbsp;[龇牙]&nbsp;","text":"Will the ex largest car maker can come back with better automated electrical car [龇牙]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/185537207","repostId":"1146430910","repostType":4,"isVote":1,"tweetType":1,"viewCount":1289,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":109367388,"gmtCreate":1619665684444,"gmtModify":1634210874410,"author":{"id":"3572478889900546","authorId":"3572478889900546","name":"leongsiak","avatar":"https://static.tigerbbs.com/1027f096cd968667d18cb31e27f3607a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572478889900546","authorIdStr":"3572478889900546"},"themes":[],"title":"","htmlText":"Giant remains as Giant and it grow even bigger","listText":"Giant remains as Giant and it grow even bigger","text":"Giant remains as Giant and it grow even bigger","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/109367388","repostId":"1132578048","repostType":4,"isVote":1,"tweetType":1,"viewCount":549,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":362748708,"gmtCreate":1614673641504,"gmtModify":1703479666101,"author":{"id":"3572478889900546","authorId":"3572478889900546","name":"leongsiak","avatar":"https://static.tigerbbs.com/1027f096cd968667d18cb31e27f3607a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572478889900546","authorIdStr":"3572478889900546"},"themes":[],"title":"","htmlText":"Jack Dorsey always bring distruptive innovation to the mature industry.&nbsp;","listText":"Jack Dorsey always bring distruptive innovation to the mature industry.&nbsp;","text":"Jack Dorsey always bring distruptive innovation to the mature industry.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/362748708","repostId":"1137118289","repostType":4,"repost":{"id":"1137118289","kind":"news","pubTimestamp":1614673385,"share":"https://www.laohunote.com/m/news/1137118289?lang=zh_CN&edition=full","pubTime":"2021-03-02 16:23","market":"us","language":"en","title":"Jack Dorsey's Square Commences Operations As An Industrial Bank<blockquote>杰克·多西广场开始作为工业银行运营</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1137118289","media":"Benzinga","summary":"Fintech companySquare Inc. has officially commenced banking operations, nearly a year after receivin","content":"<p><div> Fintech companySquare Inc. has officially commenced banking operations, nearly a year after receiving conditional approval to operate a bank. What Happened: Square, historically known for its card ...</p><p><blockquote><div>金融科技公司Square Inc.在获得经营银行的有条件批准近一年后，已正式开始银行业务。发生了什么：广场，历史上以其卡片而闻名……</div></blockquote></p><p>  <a href=\"https://www.benzinga.com/markets/cryptocurrency/21/03/19931735/jack-dorseys-square-commences-operations-as-an-industrial-bank\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.benzinga.com/markets/cryptocurrency/21/03/19931735/jack-dorseys-square-commences-operations-as-an-industrial-bank\">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>Jack Dorsey's Square Commences Operations As An Industrial Bank<blockquote>杰克·多西广场开始作为工业银行运营</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\">\nJack Dorsey's Square Commences Operations As An Industrial Bank<blockquote>杰克·多西广场开始作为工业银行运营</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Benzinga</strong><span class=\"h-time small\">2021-03-02 16:23</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> Fintech companySquare Inc. has officially commenced banking operations, nearly a year after receiving conditional approval to operate a bank. What Happened: Square, historically known for its card ...</p><p><blockquote><div>金融科技公司Square Inc.在获得经营银行的有条件批准近一年后，已正式开始银行业务。发生了什么：广场，历史上以其卡片而闻名……</div></blockquote></p><p>  <a href=\"https://www.benzinga.com/markets/cryptocurrency/21/03/19931735/jack-dorseys-square-commences-operations-as-an-industrial-bank\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.benzinga.com/markets/cryptocurrency/21/03/19931735/jack-dorseys-square-commences-operations-as-an-industrial-bank\">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/markets/cryptocurrency/21/03/19931735/jack-dorseys-square-commences-operations-as-an-industrial-bank\">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/markets/cryptocurrency/21/03/19931735/jack-dorseys-square-commences-operations-as-an-industrial-bank","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1137118289","content_text":"Fintech companySquare Inc. has officially commenced banking operations, nearly a year after receiving conditional approval to operate a bank.\nWhat Happened: Square, historically known for its card reader and point-of-sale solutions,saidMonday that its industrial bank has commenced operations after completing the charter approval process with the Federal Deposit Insurance Corp. and the Utah Department of Financial Institutions.\nKnown as Square Financial Services, the primary purpose of the Salt Lake City, Utah-based bank will be to offer business loan and deposit products. The bank will initially underwrite and originate business loans for Square Capital’s existing lending product.\nMoving forward, Square Financial Services will be the primary provider of financing for Square sellers across the U.S.\nSquare Financial Services will continue to sell loans to third-party investors and limit balance sheet exposure. Square said it does not expect the bank to have a material impact on its consolidated balance sheet, total net revenue, gross profit, or adjusted EBITDA in 2021.\nWhy It Matters: Square CFO Amrita Ahuja noted that bringing banking capability in-house will enable the company to “operate more nimbly.” Earlier, Square Capital used to issue loans under a partnership with Celtic Bank, another industrial bank based in Utah.\nFintech companies are increasingly looking to get approval to operate banks. Some of these companies already offering products typically offered by banks, including credit products to small businesses, in order to diversify their source of revenue. The products are intended to provide their customers with quick access to funding to meet their business needs.\nThe vision of Square Co-Founder and CEO Jack Dorsey is for the company to become a collection of multiple businesses under one corporate structure, Bloombergreportedin December last year.\nSquare announced purchasing 3,318 bitcoins (CRYPTO: BTC) in February over the 4,709 bitcoins purchased in October last year.\nPrice Movement:Square closed 4.8% higher on Monday at $241.00.","news_type":1,"symbols_score_info":{"SQ":0.9}},"isVote":1,"tweetType":1,"viewCount":854,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":800432295,"gmtCreate":1627311491717,"gmtModify":1631885683983,"author":{"id":"3572478889900546","authorId":"3572478889900546","name":"leongsiak","avatar":"https://static.tigerbbs.com/1027f096cd968667d18cb31e27f3607a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572478889900546","authorIdStr":"3572478889900546"},"themes":[],"title":"","htmlText":"Oracle of Ohama","listText":"Oracle of Ohama","text":"Oracle of Ohama","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/800432295","repostId":"2154957883","repostType":4,"isVote":1,"tweetType":1,"viewCount":2489,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":351816802,"gmtCreate":1616583721706,"gmtModify":1634525085143,"author":{"id":"3572478889900546","authorId":"3572478889900546","name":"leongsiak","avatar":"https://static.tigerbbs.com/1027f096cd968667d18cb31e27f3607a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572478889900546","authorIdStr":"3572478889900546"},"themes":[],"title":"","htmlText":"Semiconductors related companies will be hot topics in these few months&nbsp;[微笑]&nbsp;","listText":"Semiconductors related companies will be hot topics in these few months&nbsp;[微笑]&nbsp;","text":"Semiconductors related companies will be hot topics in these few months [微笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/351816802","repostId":"1145989195","repostType":4,"isVote":1,"tweetType":1,"viewCount":801,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":321511176,"gmtCreate":1615451355895,"gmtModify":1703489201447,"author":{"id":"3572478889900546","authorId":"3572478889900546","name":"leongsiak","avatar":"https://static.tigerbbs.com/1027f096cd968667d18cb31e27f3607a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572478889900546","authorIdStr":"3572478889900546"},"themes":[],"title":"","htmlText":"Hope Nokia can come back by sharing their wonderful innovation","listText":"Hope Nokia can come back by sharing their wonderful innovation","text":"Hope Nokia can come back by sharing their wonderful innovation","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/321511176","repostId":"2118060773","repostType":4,"isVote":1,"tweetType":1,"viewCount":838,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":159277066,"gmtCreate":1624972938055,"gmtModify":1633946368085,"author":{"id":"3572478889900546","authorId":"3572478889900546","name":"leongsiak","avatar":"https://static.tigerbbs.com/1027f096cd968667d18cb31e27f3607a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572478889900546","authorIdStr":"3572478889900546"},"themes":[],"title":"","htmlText":"Expensive share to get but have lot of potential&nbsp;[鬼脸]&nbsp;","listText":"Expensive share to get but have lot of potential&nbsp;[鬼脸]&nbsp;","text":"Expensive share to get but have lot of potential [鬼脸]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/159277066","repostId":"2147850348","repostType":4,"isVote":1,"tweetType":1,"viewCount":4041,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":115082613,"gmtCreate":1622941357232,"gmtModify":1634096820117,"author":{"id":"3572478889900546","authorId":"3572478889900546","name":"leongsiak","avatar":"https://static.tigerbbs.com/1027f096cd968667d18cb31e27f3607a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572478889900546","authorIdStr":"3572478889900546"},"themes":[],"title":"","htmlText":"Elon Musk become bitcoin demon[喷血]&nbsp;","listText":"Elon Musk become bitcoin demon[喷血]&nbsp;","text":"Elon Musk become bitcoin demon[喷血]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/115082613","repostId":"1137046018","repostType":4,"isVote":1,"tweetType":1,"viewCount":1535,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":377920956,"gmtCreate":1619490427375,"gmtModify":1634212327793,"author":{"id":"3572478889900546","authorId":"3572478889900546","name":"leongsiak","avatar":"https://static.tigerbbs.com/1027f096cd968667d18cb31e27f3607a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572478889900546","authorIdStr":"3572478889900546"},"themes":[],"title":"","htmlText":"Really sky is the limit for Tesla&nbsp;[无语]&nbsp;","listText":"Really sky is the limit for Tesla&nbsp;[无语]&nbsp;","text":"Really sky is the limit for Tesla [无语]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/377920956","repostId":"1190086074","repostType":4,"repost":{"id":"1190086074","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":1619480390,"share":"https://www.laohunote.com/m/news/1190086074?lang=zh_CN&edition=full","pubTime":"2021-04-27 07:39","market":"us","language":"en","title":"Tesla posts record net income of $438 million, revenue surges by 74%<blockquote>特斯拉净利润创历史新高 4.38 亿美元，收入激增 74%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1190086074","media":"Tiger Newspress","summary":"Tesla reported record net income of $438 million during the quarter, as well as earnings of 93 cents per share on $10.39 billion in revenue.In its earnings release, the company said it has weathered chip shortages that have plagued the auto industry in part by “pivoting extremely quickly to new microcontrollers, while simultaneously developing firmware for new chips made by new suppliers.”On an earnings call, CEO Elon Musk said the delayed new version of the company’s Model S sedan will be deliv","content":"<p><b>KEY POINTS</b></p><p><blockquote><b>要点</b></blockquote></p><p><ul><li>Tesla reported record net income of $438 million during the quarter, as well as earnings of 93 cents per share on $10.39 billion in revenue.</li><li>In its earnings release, the company said it has weathered chip shortages that have plagued the auto industry in part by “pivoting extremely quickly to new microcontrollers, while simultaneously developing firmware for new chips made by new suppliers.”</li><li>On an earnings call, CEO Elon Musk said the delayed new version of the company’s Model S sedan will be delivered starting in May 2021, and Model X deliveries will begin in the third quarter of the year.</li></ul>Tesla&nbsp;reported first-quarter results after the bell on Monday. The company beat expectations handily, buoyed by sales of bitcoin and regulatory credits, but the stock dipped as much as 2.5% after hours as investors digested the numbers.</p><p><blockquote><ul><li>特斯拉公布本季度净利润为创纪录的 4.38 亿美元，每股收益为 93 美分，营收为 103.9 亿美元。</li><li>该公司在财报发布中表示，它已经度过了困扰汽车行业的芯片短缺问题，部分原因是 “迅速转向新型微控制器，同时为新供应商生产的新芯片开发固件”。</li><li>首席执行官埃隆-马斯克（Elon Musk）在财报看涨期权上表示，公司推迟推出的 Model S 轿车新版本将于 2021 年 5 月开始交付，Model X 将于今年第三季度开始交付。</li></ul>特斯拉周一盘后公布了第一季度业绩。在比特币出售和监管信贷的提振下，该公司轻松超出预期，但随着投资者消化这些数据，该股盘后下跌了 2.5%。</blockquote></p><p><img src=\"https://static.tigerbbs.com/fec5c52f391c1077b749edc13b7b3417\" tg-width=\"1302\" tg-height=\"833\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>Here’s how the company fared in the quarter, compared with analyst estimates compiled by Refinitiv:</p><p><blockquote>以下是该公司本季度的表现与 Refinitiv 编制的分析师预期的比较：</blockquote></p><p><ul><li><b>Earnings:</b>93 cents per share vs. 79 cents per share expected</li><li><b>Revenue:</b>$10.39 billion vs. $10.29 billion expected, up 74% from a year ago</li></ul>Net profit reached a quarterly record of $438 million on a GAAP basis, and the company recorded $518 million in revenue from sales of regulatory credits during the period. It also recorded a $101 million positive impact from&nbsp;sales of bitcoin&nbsp;during the quarter.</p><p><blockquote><ul><li><b>收益：</b>每股 93 美分，预计每股 79 美分</li><li><b>收入：</b>103.9 亿美元，而预期为 102.9 亿美元，同比增长 74%</li></ul>按公认会计准则计算，季度净利润达到创纪录的 4.38 亿美元，该公司在此期间从监管信用销售收入中获得 5.18 亿美元。本季度比特币销售额还带来了 1.01 亿美元的积极影响。</blockquote></p><p><img src=\"https://static.tigerbbs.com/107ab1e725bed375ea106bdf3024ec6a\" tg-width=\"1910\" tg-height=\"1097\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>CEO Elon Musk’s electric vehicle business reported in the first quarter&nbsp;vehicle deliveries of 184,800&nbsp;Model 3 and Model Y cars, beating expectations and setting a record for Tesla. However, the company also said it produced none of its higher-end Model S sedans or Model X SUVs for the period ending March. It delivered2,020 older Model S sedans and Model X SUVs from inventory.</p><p><blockquote>首席执行官埃隆-马斯克（Elon Musk）的电动汽车业务第一季度交付了 18.48 万辆 Model 3 和 Model Y 汽车，超出预期，创下了特斯拉的纪录。不过，该公司还表示，截至 3 月份，它没有生产任何高端 Model S 轿车或 Model X SUV。它从库存中交付了 2,020 辆旧款 Model S 轿车和 Model X SUV。</blockquote></p><p>On Monday’s earnings call, Musk said the new version of the company’s Model S sedans will finally be delivered to customers starting in May 2021, with Model X deliveries to begin in the third quarter of the year. Musk and CFO Zachary Kirkhorn both said supply chain issues are likely to remain a challenge for Tesla this year.</p><p><blockquote>在周一的财报看涨期权上，马斯克表示，公司新版 Model S 轿车最终将于 2021 年 5 月开始交付给客户，Model X 将于今年第三季度开始交付。马斯克和首席财务官扎卡里·柯克霍恩都表示，供应链问题今年可能仍然是特斯拉面临的挑战。</blockquote></p><p>In January 2021 (during a fourth-quarter 2020 earnings update) Musk had said that the Model S Plaid was already in production would be delivered starting in February 2021. But he admitted on Monday, “There were more challenges than expected,” in producing the refreshed version of these vehicles. He did not elaborate.</p><p><blockquote>2021 年 1 月（在 2020 年第四季度收益更新期间），马斯克曾表示 Model S Plaid 已经投入生产，将于 2021 年 2 月开始交付。但他在周一承认，在生产这些车辆的更新版本时，“面临的挑战比预期的要多”。他没有详细说明。</blockquote></p><p>Tesla is now aiming to produce 2,000 Model S and X vehicles per week later this year.</p><p><blockquote>特斯拉目前的目标是在今年晚些时候每周生产 2,000 辆 Model S 和 X 汽车。</blockquote></p><p>The company said Monday it expects more than 50% vehicle delivery growth in 2021 overall, which implies minimum deliveries around 750,000 vehicles this year.</p><p><blockquote>该公司周一表示，预计 2021 年整体汽车交付量将增长 50% 以上，这意味着今年的最低交付量约为 75 万辆。</blockquote></p><p>The fact Tesla grew vehicle unit sales by more than 100% year over year but grew service centers by only 28% and its mobile service fleet by only 22% explains why some Tesla customers face frustratingly long wait times for repairs. Service expansion is not keeping pace with the volume of vehicles sold.</p><p><blockquote>事实上，特斯拉的汽车销量同比增长超过 100%，但服务中心仅增长 28%，移动服务车队仅增长 22%，这解释了为什么一些特斯拉客户面临令人沮丧的漫长维修等待时间。服务扩展跟不上车辆销量。</blockquote></p><p>Tesla said it has weathered chip shortages that have plagued the auto industry in part by “pivoting extremely quickly to new microcontrollers, while simultaneously developing firmware for new chips made by new suppliers.” It did not disclose the names of its new suppliers.</p><p><blockquote>特斯拉表示，该公司已经度过了困扰汽车行业的芯片短缺问题，部分原因是 “迅速转向新型微控制器，同时为新供应商生产的新芯片开发固件”。它没有透露新供应商的名字。</blockquote></p><p>It also reiterated Musk’s frequent claim that cameras, not radar, are a better path toward autonomous vehicles. “Our AI-based software architecture has been increasingly reliant on cameras, to the point where radar is becoming unnecessary earlier than expected. As a result, our FSD [Full Self-Driving] team is fully focused on evolving to a vision-based autonomous system and we are nearly ready to switch the US market to Tesla Vision,” the company said in its earnings release.</p><p><blockquote>它还重申了马斯克经常说的，即摄像头而不是雷达是自动驾驶汽车的更好途径。“我们基于人工智能的软件架构越来越依赖摄像头，以至于雷达比预期更早变得不必要。因此，我们的 FSD（全自动驾驶）团队正全力致力于发展基于视觉的自主系统，我们几乎准备好将美国市场转向特斯拉视觉，”该公司在财报发布会上说。</blockquote></p><p>Revenue for its energy generation and storage business nearly doubled for Tesla versus the same period in 2020, when Musk said Covid, then an emerging pandemic, had slowed its energy business to a crawl. But energy revenue declined from $787 million in the fourth quarter to $595 million in the first quarter of 2021.</p><p><blockquote>与 2020 年同期相比，特斯拉的能源发电和存储业务收入几乎翻了一番，当时马斯克表示，当时新兴的新冠疫情使其能源业务大幅放缓。但能源收入从第四季度的7.87亿美元下降至2021年第一季度的5.95亿美元。</blockquote></p><p>Recently, Tesla increased prices for its solar rooftops by 50%, and now requires anyone ordering solar photovoltaics (including Tesla solar roof tiles) to also order the Powerwall, Tesla’s home energy storage system. The sudden price change applied retroactively to some&nbsp;vexed customers.</p><p><blockquote>最近，特斯拉将太阳能屋顶的价格提高了 50%，现在要求任何订购太阳能光伏（包括特斯拉太阳能屋顶瓦）的人也必须订购特斯拉的家庭储能系统 Powerwall。突然的价格变化追溯适用于一些烦恼的顾客。</blockquote></p><p>Musk said on the Q1 2021 call that he is aiming for homes with solar rooftops and batteries from Tesla to function as a “giant distributed utility” that can help incumbent electrical utilities supply customers with all the electricity they need as demand and extreme weather events increase.</p><p><blockquote>马斯克在 2021 年第一季度看涨期权上表示，他的目标是让拥有太阳能屋顶和特斯拉电池的家庭成为 “巨型分布式公用事业公司”，随着需求和极端天气事件的增加，帮助现有电力公司为客户提供所需的所有电力。</blockquote></p><p></p><p>Executives did not say how they would change their production or mix of battery cells from suppliers in order to make a higher volume of vehicles and energy storage products in 2021.</p><p><blockquote>高管们没有透露他们将如何改变供应商电池的生产或组合，以便在 2021 年生产更多的汽车和储能产品。</blockquote></p><p>Musk said the company’s 4680 cells, which it developed independently and makes at a pilot plant in Fremont, California, are not yet reliable enough to be shipped in Tesla vehicles. He said Tesla would probably “achieve volume production” of these cells in 12 to 18 months.</p><p><blockquote>马斯克说，该公司自主研发并在加州弗里蒙特的一个试点工厂生产的 4680 电池还不够可靠，无法在特斯拉汽车上运输。他说，特斯拉可能会在 12 到 18 个月内 “实现这些电池的量产 ”。</blockquote></p><p>The company revealed in February it purchased&nbsp;$1.5 billion in bitcoin&nbsp;and would potentially invest in other cryptocurrencies in the future. By April, bitcoin rose to record levels before pulling back. In its statement of cash flows, Tesla revealed that it had sold $272 million worth of “digital assets,” presumably bitcoin, during the quarter.</p><p><blockquote>该公司在2月份透露，它在比特币购买了15亿美元，未来可能会投资其他加密货币。到四月份，比特币升至创纪录水平，然后回落。特斯拉在现金流量表中透露，该公司在本季度出售了价值 2.72 亿美元的 “数字资产”，大概是比特币。</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 posts record net income of $438 million, revenue surges by 74%<blockquote>特斯拉净利润创历史新高 4.38 亿美元，收入激增 74%</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 posts record net income of $438 million, revenue surges by 74%<blockquote>特斯拉净利润创历史新高 4.38 亿美元，收入激增 74%</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-04-27 07:39</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><b>KEY POINTS</b></p><p><blockquote><b>要点</b></blockquote></p><p><ul><li>Tesla reported record net income of $438 million during the quarter, as well as earnings of 93 cents per share on $10.39 billion in revenue.</li><li>In its earnings release, the company said it has weathered chip shortages that have plagued the auto industry in part by “pivoting extremely quickly to new microcontrollers, while simultaneously developing firmware for new chips made by new suppliers.”</li><li>On an earnings call, CEO Elon Musk said the delayed new version of the company’s Model S sedan will be delivered starting in May 2021, and Model X deliveries will begin in the third quarter of the year.</li></ul>Tesla&nbsp;reported first-quarter results after the bell on Monday. The company beat expectations handily, buoyed by sales of bitcoin and regulatory credits, but the stock dipped as much as 2.5% after hours as investors digested the numbers.</p><p><blockquote><ul><li>特斯拉公布本季度净利润为创纪录的 4.38 亿美元，每股收益为 93 美分，营收为 103.9 亿美元。</li><li>该公司在财报发布中表示，它已经度过了困扰汽车行业的芯片短缺问题，部分原因是 “迅速转向新型微控制器，同时为新供应商生产的新芯片开发固件”。</li><li>首席执行官埃隆-马斯克（Elon Musk）在财报看涨期权上表示，公司推迟推出的 Model S 轿车新版本将于 2021 年 5 月开始交付，Model X 将于今年第三季度开始交付。</li></ul>特斯拉周一盘后公布了第一季度业绩。在比特币出售和监管信贷的提振下，该公司轻松超出预期，但随着投资者消化这些数据，该股盘后下跌了 2.5%。</blockquote></p><p><img src=\"https://static.tigerbbs.com/fec5c52f391c1077b749edc13b7b3417\" tg-width=\"1302\" tg-height=\"833\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>Here’s how the company fared in the quarter, compared with analyst estimates compiled by Refinitiv:</p><p><blockquote>以下是该公司本季度的表现与 Refinitiv 编制的分析师预期的比较：</blockquote></p><p><ul><li><b>Earnings:</b>93 cents per share vs. 79 cents per share expected</li><li><b>Revenue:</b>$10.39 billion vs. $10.29 billion expected, up 74% from a year ago</li></ul>Net profit reached a quarterly record of $438 million on a GAAP basis, and the company recorded $518 million in revenue from sales of regulatory credits during the period. It also recorded a $101 million positive impact from&nbsp;sales of bitcoin&nbsp;during the quarter.</p><p><blockquote><ul><li><b>收益：</b>每股 93 美分，预计每股 79 美分</li><li><b>收入：</b>103.9 亿美元，而预期为 102.9 亿美元，同比增长 74%</li></ul>按公认会计准则计算，季度净利润达到创纪录的 4.38 亿美元，该公司在此期间从监管信用销售收入中获得 5.18 亿美元。本季度比特币销售额还带来了 1.01 亿美元的积极影响。</blockquote></p><p><img src=\"https://static.tigerbbs.com/107ab1e725bed375ea106bdf3024ec6a\" tg-width=\"1910\" tg-height=\"1097\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>CEO Elon Musk’s electric vehicle business reported in the first quarter&nbsp;vehicle deliveries of 184,800&nbsp;Model 3 and Model Y cars, beating expectations and setting a record for Tesla. However, the company also said it produced none of its higher-end Model S sedans or Model X SUVs for the period ending March. It delivered2,020 older Model S sedans and Model X SUVs from inventory.</p><p><blockquote>首席执行官埃隆-马斯克（Elon Musk）的电动汽车业务第一季度交付了 18.48 万辆 Model 3 和 Model Y 汽车，超出预期，创下了特斯拉的纪录。不过，该公司还表示，截至 3 月份，它没有生产任何高端 Model S 轿车或 Model X SUV。它从库存中交付了 2,020 辆旧款 Model S 轿车和 Model X SUV。</blockquote></p><p>On Monday’s earnings call, Musk said the new version of the company’s Model S sedans will finally be delivered to customers starting in May 2021, with Model X deliveries to begin in the third quarter of the year. Musk and CFO Zachary Kirkhorn both said supply chain issues are likely to remain a challenge for Tesla this year.</p><p><blockquote>在周一的财报看涨期权上，马斯克表示，公司新版 Model S 轿车最终将于 2021 年 5 月开始交付给客户，Model X 将于今年第三季度开始交付。马斯克和首席财务官扎卡里·柯克霍恩都表示，供应链问题今年可能仍然是特斯拉面临的挑战。</blockquote></p><p>In January 2021 (during a fourth-quarter 2020 earnings update) Musk had said that the Model S Plaid was already in production would be delivered starting in February 2021. But he admitted on Monday, “There were more challenges than expected,” in producing the refreshed version of these vehicles. He did not elaborate.</p><p><blockquote>2021 年 1 月（在 2020 年第四季度收益更新期间），马斯克曾表示 Model S Plaid 已经投入生产，将于 2021 年 2 月开始交付。但他在周一承认，在生产这些车辆的更新版本时，“面临的挑战比预期的要多”。他没有详细说明。</blockquote></p><p>Tesla is now aiming to produce 2,000 Model S and X vehicles per week later this year.</p><p><blockquote>特斯拉目前的目标是在今年晚些时候每周生产 2,000 辆 Model S 和 X 汽车。</blockquote></p><p>The company said Monday it expects more than 50% vehicle delivery growth in 2021 overall, which implies minimum deliveries around 750,000 vehicles this year.</p><p><blockquote>该公司周一表示，预计 2021 年整体汽车交付量将增长 50% 以上，这意味着今年的最低交付量约为 75 万辆。</blockquote></p><p>The fact Tesla grew vehicle unit sales by more than 100% year over year but grew service centers by only 28% and its mobile service fleet by only 22% explains why some Tesla customers face frustratingly long wait times for repairs. Service expansion is not keeping pace with the volume of vehicles sold.</p><p><blockquote>事实上，特斯拉的汽车销量同比增长超过 100%，但服务中心仅增长 28%，移动服务车队仅增长 22%，这解释了为什么一些特斯拉客户面临令人沮丧的漫长维修等待时间。服务扩展跟不上车辆销量。</blockquote></p><p>Tesla said it has weathered chip shortages that have plagued the auto industry in part by “pivoting extremely quickly to new microcontrollers, while simultaneously developing firmware for new chips made by new suppliers.” It did not disclose the names of its new suppliers.</p><p><blockquote>特斯拉表示，该公司已经度过了困扰汽车行业的芯片短缺问题，部分原因是 “迅速转向新型微控制器，同时为新供应商生产的新芯片开发固件”。它没有透露新供应商的名字。</blockquote></p><p>It also reiterated Musk’s frequent claim that cameras, not radar, are a better path toward autonomous vehicles. “Our AI-based software architecture has been increasingly reliant on cameras, to the point where radar is becoming unnecessary earlier than expected. As a result, our FSD [Full Self-Driving] team is fully focused on evolving to a vision-based autonomous system and we are nearly ready to switch the US market to Tesla Vision,” the company said in its earnings release.</p><p><blockquote>它还重申了马斯克经常说的，即摄像头而不是雷达是自动驾驶汽车的更好途径。“我们基于人工智能的软件架构越来越依赖摄像头，以至于雷达比预期更早变得不必要。因此，我们的 FSD（全自动驾驶）团队正全力致力于发展基于视觉的自主系统，我们几乎准备好将美国市场转向特斯拉视觉，”该公司在财报发布会上说。</blockquote></p><p>Revenue for its energy generation and storage business nearly doubled for Tesla versus the same period in 2020, when Musk said Covid, then an emerging pandemic, had slowed its energy business to a crawl. But energy revenue declined from $787 million in the fourth quarter to $595 million in the first quarter of 2021.</p><p><blockquote>与 2020 年同期相比，特斯拉的能源发电和存储业务收入几乎翻了一番，当时马斯克表示，当时新兴的新冠疫情使其能源业务大幅放缓。但能源收入从第四季度的7.87亿美元下降至2021年第一季度的5.95亿美元。</blockquote></p><p>Recently, Tesla increased prices for its solar rooftops by 50%, and now requires anyone ordering solar photovoltaics (including Tesla solar roof tiles) to also order the Powerwall, Tesla’s home energy storage system. The sudden price change applied retroactively to some&nbsp;vexed customers.</p><p><blockquote>最近，特斯拉将太阳能屋顶的价格提高了 50%，现在要求任何订购太阳能光伏（包括特斯拉太阳能屋顶瓦）的人也必须订购特斯拉的家庭储能系统 Powerwall。突然的价格变化追溯适用于一些烦恼的顾客。</blockquote></p><p>Musk said on the Q1 2021 call that he is aiming for homes with solar rooftops and batteries from Tesla to function as a “giant distributed utility” that can help incumbent electrical utilities supply customers with all the electricity they need as demand and extreme weather events increase.</p><p><blockquote>马斯克在 2021 年第一季度看涨期权上表示，他的目标是让拥有太阳能屋顶和特斯拉电池的家庭成为 “巨型分布式公用事业公司”，随着需求和极端天气事件的增加，帮助现有电力公司为客户提供所需的所有电力。</blockquote></p><p></p><p>Executives did not say how they would change their production or mix of battery cells from suppliers in order to make a higher volume of vehicles and energy storage products in 2021.</p><p><blockquote>高管们没有透露他们将如何改变供应商电池的生产或组合，以便在 2021 年生产更多的汽车和储能产品。</blockquote></p><p>Musk said the company’s 4680 cells, which it developed independently and makes at a pilot plant in Fremont, California, are not yet reliable enough to be shipped in Tesla vehicles. He said Tesla would probably “achieve volume production” of these cells in 12 to 18 months.</p><p><blockquote>马斯克说，该公司自主研发并在加州弗里蒙特的一个试点工厂生产的 4680 电池还不够可靠，无法在特斯拉汽车上运输。他说，特斯拉可能会在 12 到 18 个月内 “实现这些电池的量产 ”。</blockquote></p><p>The company revealed in February it purchased&nbsp;$1.5 billion in bitcoin&nbsp;and would potentially invest in other cryptocurrencies in the future. By April, bitcoin rose to record levels before pulling back. In its statement of cash flows, Tesla revealed that it had sold $272 million worth of “digital assets,” presumably bitcoin, during the quarter.</p><p><blockquote>该公司在2月份透露，它在比特币购买了15亿美元，未来可能会投资其他加密货币。到四月份，比特币升至创纪录水平，然后回落。特斯拉在现金流量表中透露，该公司在本季度出售了价值 2.72 亿美元的 “数字资产”，大概是比特币。</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":"1190086074","content_text":"KEY POINTSTesla reported record net income of $438 million during the quarter, as well as earnings of 93 cents per share on $10.39 billion in revenue.In its earnings release, the company said it has weathered chip shortages that have plagued the auto industry in part by “pivoting extremely quickly to new microcontrollers, while simultaneously developing firmware for new chips made by new suppliers.”On an earnings call, CEO Elon Musk said the delayed new version of the company’s Model S sedan will be delivered starting in May 2021, and Model X deliveries will begin in the third quarter of the year.Tesla reported first-quarter results after the bell on Monday. The company beat expectations handily, buoyed by sales of bitcoin and regulatory credits, but the stock dipped as much as 2.5% after hours as investors digested the numbers.Here’s how the company fared in the quarter, compared with analyst estimates compiled by Refinitiv:Earnings:93 cents per share vs. 79 cents per share expectedRevenue:$10.39 billion vs. $10.29 billion expected, up 74% from a year agoNet profit reached a quarterly record of $438 million on a GAAP basis, and the company recorded $518 million in revenue from sales of regulatory credits during the period. It also recorded a $101 million positive impact from sales of bitcoin during the quarter.CEO Elon Musk’s electric vehicle business reported in the first quarter vehicle deliveries of 184,800 Model 3 and Model Y cars, beating expectations and setting a record for Tesla. However, the company also said it produced none of its higher-end Model S sedans or Model X SUVs for the period ending March. It delivered2,020 older Model S sedans and Model X SUVs from inventory.On Monday’s earnings call, Musk said the new version of the company’s Model S sedans will finally be delivered to customers starting in May 2021, with Model X deliveries to begin in the third quarter of the year. Musk and CFO Zachary Kirkhorn both said supply chain issues are likely to remain a challenge for Tesla this year.In January 2021 (during a fourth-quarter 2020 earnings update) Musk had said that the Model S Plaid was already in production would be delivered starting in February 2021. But he admitted on Monday, “There were more challenges than expected,” in producing the refreshed version of these vehicles. He did not elaborate.Tesla is now aiming to produce 2,000 Model S and X vehicles per week later this year.The company said Monday it expects more than 50% vehicle delivery growth in 2021 overall, which implies minimum deliveries around 750,000 vehicles this year.The fact Tesla grew vehicle unit sales by more than 100% year over year but grew service centers by only 28% and its mobile service fleet by only 22% explains why some Tesla customers face frustratingly long wait times for repairs. Service expansion is not keeping pace with the volume of vehicles sold.Tesla said it has weathered chip shortages that have plagued the auto industry in part by “pivoting extremely quickly to new microcontrollers, while simultaneously developing firmware for new chips made by new suppliers.” It did not disclose the names of its new suppliers.It also reiterated Musk’s frequent claim that cameras, not radar, are a better path toward autonomous vehicles. “Our AI-based software architecture has been increasingly reliant on cameras, to the point where radar is becoming unnecessary earlier than expected. As a result, our FSD [Full Self-Driving] team is fully focused on evolving to a vision-based autonomous system and we are nearly ready to switch the US market to Tesla Vision,” the company said in its earnings release.Revenue for its energy generation and storage business nearly doubled for Tesla versus the same period in 2020, when Musk said Covid, then an emerging pandemic, had slowed its energy business to a crawl. But energy revenue declined from $787 million in the fourth quarter to $595 million in the first quarter of 2021.Recently, Tesla increased prices for its solar rooftops by 50%, and now requires anyone ordering solar photovoltaics (including Tesla solar roof tiles) to also order the Powerwall, Tesla’s home energy storage system. The sudden price change applied retroactively to some vexed customers.Musk said on the Q1 2021 call that he is aiming for homes with solar rooftops and batteries from Tesla to function as a “giant distributed utility” that can help incumbent electrical utilities supply customers with all the electricity they need as demand and extreme weather events increase.Executives did not say how they would change their production or mix of battery cells from suppliers in order to make a higher volume of vehicles and energy storage products in 2021.Musk said the company’s 4680 cells, which it developed independently and makes at a pilot plant in Fremont, California, are not yet reliable enough to be shipped in Tesla vehicles. He said Tesla would probably “achieve volume production” of these cells in 12 to 18 months.The company revealed in February it purchased $1.5 billion in bitcoin and would potentially invest in other cryptocurrencies in the future. By April, bitcoin rose to record levels before pulling back. In its statement of cash flows, Tesla revealed that it had sold $272 million worth of “digital assets,” presumably bitcoin, during the quarter.","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":938,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":349941786,"gmtCreate":1617528966145,"gmtModify":1634520631198,"author":{"id":"3572478889900546","authorId":"3572478889900546","name":"leongsiak","avatar":"https://static.tigerbbs.com/1027f096cd968667d18cb31e27f3607a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572478889900546","authorIdStr":"3572478889900546"},"themes":[],"title":"","htmlText":"Lot of interesting shares available for investment&nbsp;[笑哭]&nbsp;","listText":"Lot of interesting shares available for investment&nbsp;[笑哭]&nbsp;","text":"Lot of interesting shares available for investment [笑哭]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/349941786","repostId":"1188150614","repostType":4,"repost":{"id":"1188150614","kind":"news","pubTimestamp":1617366389,"share":"https://www.laohunote.com/m/news/1188150614?lang=zh_CN&edition=full","pubTime":"2021-04-02 20:26","market":"us","language":"en","title":"3 Beaten-Down Stocks That Could Double Your Money<blockquote>3 只被击败的股票可以让你的钱翻倍</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1188150614","media":"Motley Fool","summary":"Market rotation malaise has infected many investors. Last year, the growth stocks in theNasdaq-100index trounced the staid giants in theDow Jones Industrial Average. It's been a different story so far in 2021, though. The big money appears to be moving into so-called \"risk-off\" stocks.As a result, many of the high-flyers from just a few months ago are now stuck in the doldrums. Some are even down more than 30% from their peaks set earlier this year. There's a silver lining in this dark cloud, ho","content":"<p>Market rotation malaise has infected many investors. Last year, the growth stocks in the<b>Nasdaq-100</b>index trounced the staid giants in the<b>Dow Jones Industrial Average</b>. It's been a different story so far in 2021, though. The big money appears to be moving into so-called \"risk-off\" stocks.</p><p><blockquote>市场轮动不振已经感染了许多投资者。去年，成长股在<b>纳斯达克-100</b>指数击败了稳重的巨人<b>道琼斯工业指数</b>.不过，2021 年到目前为止，情况就不同了。大笔资金似乎正在流入所谓的“规避风险”股票。</blockquote></p><p> As a result, many of the high-flyers from just a few months ago are now stuck in the doldrums. Some are even down more than 30% from their peaks set earlier this year. There's a silver lining in this dark cloud, however: Quite a few stocks with strong growth prospects are available at discounted prices.&nbsp;Here are three beaten-down stocks that could even double your money -- or more.</p><p><blockquote>因此，几个月前的许多雄心勃勃的人现在陷入了低迷。有些甚至比今年早些时候创下的峰值下降了30%以上。然而，这片乌云中有一线希望：相当多具有强劲增长前景的股票以折扣价出售。这里有三只被击败的股票，甚至可以让你的钱翻倍，甚至更多。</blockquote></p><p> <b>DermTech</b></p><p><blockquote><b>德姆泰克</b></blockquote></p><p> <b>DermTech</b>(NASDAQ:DMTK)markets an exciting product: a skin genomics test that can detect melanoma more accurately and cheaper than surgical biopsy. Its shares soared over 145% year to date by the third week of February. Since then, though, thehealthcare stockhas fallen more than 35%.</p><p><blockquote><b>德姆泰克</b>（纳斯达克股票代码：DMTK）推出了一款令人兴奋的产品：一种皮肤基因组学测试，可以比手术活检更准确、更便宜地检测黑色素瘤。截至 2 月第三周，其股价今年迄今已飙升超过 145%。然而，自那以后，医疗保健股已下跌超过 35%。</blockquote></p><p> Part of the problem was the aforementioned general sell-off of growth stocks. However, DermTech also provided disappointing guidance in its fourth-quarter update. The company expects first-quarter assay revenue of between $1.6 million and $1.9 million compared to Q4 assay revenue of $1.6 million.</p><p><blockquote>部分问题是前面提到的成长型股票的普遍抛售。然而，DermTech 在其第四季度更新中也提供了令人失望的指导。该公司预计第一季度检测收入在 160 万美元至 190 万美元之间，而第四季度检测收入为 160 万美元。</blockquote></p><p> DermTech still faces some COVID-19 headwinds in reaching out to physicians. The company's long-term growth prospects remain bright, though. DermTech continues to pick up commercial payer reimbursement for its first product, Pigmented Lesion Assay (PLA). It expects to launch an at-home genomics test that identifies ultraviolet ray damage and skin cancer risk next year.</p><p><blockquote>DermTech 在接触医生方面仍然面临一些 COVID-19 阻力。不过，该公司的长期增长前景仍然光明。DermTech 继续为其首款产品色素性病变检测 (PLA) 收取商业付款人报销。它预计明年将推出一项家庭基因组学测试，以识别紫外线损伤和皮肤癌风险。</blockquote></p><p> The total addressable U.S. market that DermTech is targeting for all types of skin cancer is around $10 billion. With the company's market cap currently below $1.5 billion, DermTech should only have to capture a tiny sliver of this market to deliver huge returns for investors.</p><p><blockquote>DermTech针对所有类型皮肤癌的美国市场总额约为100亿美元。由于该公司目前的市值低于15亿美元，DermTech只需要占领这个市场的一小部分，就可以为投资者带来巨大的回报。</blockquote></p><p> <b>Gores Holdings VI</b></p><p><blockquote><b>戈雷斯控股 VI</b></blockquote></p><p> Special purpose acquisition company (SPAC) stocks were wildly popular not long ago. That's changed quite a bit.&nbsp;<b>Gores Holdings VI</b>(NASDAQ:GHVI)serves as a great example: The SPAC's shares skyrocketed more than 120% year to date by mid-February but are now down over 40% from those highs.</p><p><blockquote>不久前，特殊目的收购公司（SPAC）股票非常受欢迎。这已经改变了很多。<b>戈雷斯控股 VI</b>（纳斯达克股票代码：GHVI）就是一个很好的例子：截至 2 月中旬，SPAC 的股价今年迄今已飙升超过 120%，但现在已较这些高点下跌了 40% 以上。</blockquote></p><p> Gores Holdings VI and spatial data company Matterport announced on Feb. 8 that they plan to merge in a deal that will take Matterport public at an equity value of around $2.9 billion. But Matterport should be able to grow much larger than that relatively quickly.</p><p><blockquote>Gores Holdings VI 和空间数据公司 Matterport 于 2 月 8 日宣布，他们计划合并，Matterport 的股权价值约为 29 亿美元。但是Matterport应该能够相对快速地发展得更大。</blockquote></p><p> Matterport pioneered the spatial data market a decade ago. The company's technology can create a 3D \"digital twin\" of any physical space. Consulting firm<b>Accenture</b>recently picked digital twin technology asone of its top five tech trends of 2021.</p><p><blockquote>十年前，Matterport开创了空间数据市场。该公司的技术可以创建任何物理空间的3D“数字孪生”。咨询公司<b>埃森哲</b>最近将数字孪生技术列为2021年五大技术趋势之一。</blockquote></p><p> The company already has over 250,000 customers, including 13% of the Fortune 1000. However, less than 1% of the more than 4 billion buildings across the world are currently digitized. This represents a $240 billion opportunity for Matterport. The company expects to nearly double its revenue in 2022 with growth accelerating in subsequent years.</p><p><blockquote>该公司已经拥有超过 250,000 名客户，其中包括 13% 的财富 1000 强企业。然而，目前全球40多亿座建筑中只有不到1%是数字化的。这代表着马特波特2400亿美元的机会。该公司预计 2022 年收入将几乎翻一番，随后几年的增长将加速。</blockquote></p><p> <b>Skillz</b></p><p><blockquote><b>技能</b></blockquote></p><p> <b>Skillz</b>(NYSE:SKLZ)stands as the biggest loser of these three beaten-down stocks. Shares of the mobile game platform provider soared nearly 120% by early February only to give up all of those gains and then some. The stock is now down over 5% year to date.</p><p><blockquote><b>技能</b>（纽约证券交易所股票代码：SKLZ）是这三只重挫股票中最大的输家。到 2 月初，这家移动游戏平台提供商的股价飙升近 120%，但随后又回吐了所有涨幅和部分涨幅。该股今年迄今已下跌超过 5%。</blockquote></p><p> Like DermTech and Gores Holdings VI, Skillz was negatively impacted by the market rotation away from growth stocks. However, the company's decision to sell 17 million shares in a public offering also hurt.</p><p><blockquote>与 DermTech 和 Gores Holdings VI 一样，Skillz 也受到了市场远离成长型股票的负面影响。然而，该公司决定在公开募股中出售 1700 万股股票也造成了伤害。</blockquote></p><p> Skillz's competition-focused approach keeps users more engaged than other leading online platforms. It's also driving tremendous growth. The company's revenue nearly doubled in 2020. Skillz is especially making inroads in converting users to paying customers.</p><p><blockquote>Skillz以竞争为中心的方法让用户比其他领先的在线平台更多地参与其中。它也推动了巨大的增长。该公司2020年的收入几乎翻了一番。Skillz在将用户转化为付费客户方面尤其取得了进展。</blockquote></p><p> The mobile gaming market totaled $86 billion last year and continues to grow rapidly. Skillz should be able to increase its market share as it expands internationally and adds new genres of games to its platform. The company's multi-year agreement with the NFL could also provide a big boost.</p><p><blockquote>移动游戏市场去年总计860亿美元，并继续快速增长。Skillz应该能够增加其市场份额，因为它在国际上扩张，并在其平台上添加新的游戏类型。该公司与 NFL 的多年协议也可能带来巨大的推动。</blockquote></p><p> Skillz looks like a stock that could easily double your money and perhaps deliver much greater returns than that over the next couple of years.</p><p><blockquote>Skillz 看起来像是一只可以轻松让您的资金翻倍的股票，并且在未来几年内可能会带来比这更高的回报。</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>3 Beaten-Down Stocks That Could Double Your Money<blockquote>3 只被击败的股票可以让你的钱翻倍</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\">\n3 Beaten-Down Stocks That Could Double Your Money<blockquote>3 只被击败的股票可以让你的钱翻倍</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Motley Fool</strong><span class=\"h-time small\">2021-04-02 20:26</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Market rotation malaise has infected many investors. Last year, the growth stocks in the<b>Nasdaq-100</b>index trounced the staid giants in the<b>Dow Jones Industrial Average</b>. It's been a different story so far in 2021, though. The big money appears to be moving into so-called \"risk-off\" stocks.</p><p><blockquote>市场轮动不振已经感染了许多投资者。去年，成长股在<b>纳斯达克-100</b>指数击败了稳重的巨人<b>道琼斯工业指数</b>.不过，2021 年到目前为止，情况就不同了。大笔资金似乎正在流入所谓的“规避风险”股票。</blockquote></p><p> As a result, many of the high-flyers from just a few months ago are now stuck in the doldrums. Some are even down more than 30% from their peaks set earlier this year. There's a silver lining in this dark cloud, however: Quite a few stocks with strong growth prospects are available at discounted prices.&nbsp;Here are three beaten-down stocks that could even double your money -- or more.</p><p><blockquote>因此，几个月前的许多雄心勃勃的人现在陷入了低迷。有些甚至比今年早些时候创下的峰值下降了30%以上。然而，这片乌云中有一线希望：相当多具有强劲增长前景的股票以折扣价出售。这里有三只被击败的股票，甚至可以让你的钱翻倍，甚至更多。</blockquote></p><p> <b>DermTech</b></p><p><blockquote><b>德姆泰克</b></blockquote></p><p> <b>DermTech</b>(NASDAQ:DMTK)markets an exciting product: a skin genomics test that can detect melanoma more accurately and cheaper than surgical biopsy. Its shares soared over 145% year to date by the third week of February. Since then, though, thehealthcare stockhas fallen more than 35%.</p><p><blockquote><b>德姆泰克</b>（纳斯达克股票代码：DMTK）推出了一款令人兴奋的产品：一种皮肤基因组学测试，可以比手术活检更准确、更便宜地检测黑色素瘤。截至 2 月第三周，其股价今年迄今已飙升超过 145%。然而，自那以后，医疗保健股已下跌超过 35%。</blockquote></p><p> Part of the problem was the aforementioned general sell-off of growth stocks. However, DermTech also provided disappointing guidance in its fourth-quarter update. The company expects first-quarter assay revenue of between $1.6 million and $1.9 million compared to Q4 assay revenue of $1.6 million.</p><p><blockquote>部分问题是前面提到的成长型股票的普遍抛售。然而，DermTech 在其第四季度更新中也提供了令人失望的指导。该公司预计第一季度检测收入在 160 万美元至 190 万美元之间，而第四季度检测收入为 160 万美元。</blockquote></p><p> DermTech still faces some COVID-19 headwinds in reaching out to physicians. The company's long-term growth prospects remain bright, though. DermTech continues to pick up commercial payer reimbursement for its first product, Pigmented Lesion Assay (PLA). It expects to launch an at-home genomics test that identifies ultraviolet ray damage and skin cancer risk next year.</p><p><blockquote>DermTech 在接触医生方面仍然面临一些 COVID-19 阻力。不过，该公司的长期增长前景仍然光明。DermTech 继续为其首款产品色素性病变检测 (PLA) 收取商业付款人报销。它预计明年将推出一项家庭基因组学测试，以识别紫外线损伤和皮肤癌风险。</blockquote></p><p> The total addressable U.S. market that DermTech is targeting for all types of skin cancer is around $10 billion. With the company's market cap currently below $1.5 billion, DermTech should only have to capture a tiny sliver of this market to deliver huge returns for investors.</p><p><blockquote>DermTech针对所有类型皮肤癌的美国市场总额约为100亿美元。由于该公司目前的市值低于15亿美元，DermTech只需要占领这个市场的一小部分，就可以为投资者带来巨大的回报。</blockquote></p><p> <b>Gores Holdings VI</b></p><p><blockquote><b>戈雷斯控股 VI</b></blockquote></p><p> Special purpose acquisition company (SPAC) stocks were wildly popular not long ago. That's changed quite a bit.&nbsp;<b>Gores Holdings VI</b>(NASDAQ:GHVI)serves as a great example: The SPAC's shares skyrocketed more than 120% year to date by mid-February but are now down over 40% from those highs.</p><p><blockquote>不久前，特殊目的收购公司（SPAC）股票非常受欢迎。这已经改变了很多。<b>戈雷斯控股 VI</b>（纳斯达克股票代码：GHVI）就是一个很好的例子：截至 2 月中旬，SPAC 的股价今年迄今已飙升超过 120%，但现在已较这些高点下跌了 40% 以上。</blockquote></p><p> Gores Holdings VI and spatial data company Matterport announced on Feb. 8 that they plan to merge in a deal that will take Matterport public at an equity value of around $2.9 billion. But Matterport should be able to grow much larger than that relatively quickly.</p><p><blockquote>Gores Holdings VI 和空间数据公司 Matterport 于 2 月 8 日宣布，他们计划合并，Matterport 的股权价值约为 29 亿美元。但是Matterport应该能够相对快速地发展得更大。</blockquote></p><p> Matterport pioneered the spatial data market a decade ago. The company's technology can create a 3D \"digital twin\" of any physical space. Consulting firm<b>Accenture</b>recently picked digital twin technology asone of its top five tech trends of 2021.</p><p><blockquote>十年前，Matterport开创了空间数据市场。该公司的技术可以创建任何物理空间的3D“数字孪生”。咨询公司<b>埃森哲</b>最近将数字孪生技术列为2021年五大技术趋势之一。</blockquote></p><p> The company already has over 250,000 customers, including 13% of the Fortune 1000. However, less than 1% of the more than 4 billion buildings across the world are currently digitized. This represents a $240 billion opportunity for Matterport. The company expects to nearly double its revenue in 2022 with growth accelerating in subsequent years.</p><p><blockquote>该公司已经拥有超过 250,000 名客户，其中包括 13% 的财富 1000 强企业。然而，目前全球40多亿座建筑中只有不到1%是数字化的。这代表着马特波特2400亿美元的机会。该公司预计 2022 年收入将几乎翻一番，随后几年的增长将加速。</blockquote></p><p> <b>Skillz</b></p><p><blockquote><b>技能</b></blockquote></p><p> <b>Skillz</b>(NYSE:SKLZ)stands as the biggest loser of these three beaten-down stocks. Shares of the mobile game platform provider soared nearly 120% by early February only to give up all of those gains and then some. The stock is now down over 5% year to date.</p><p><blockquote><b>技能</b>（纽约证券交易所股票代码：SKLZ）是这三只重挫股票中最大的输家。到 2 月初，这家移动游戏平台提供商的股价飙升近 120%，但随后又回吐了所有涨幅和部分涨幅。该股今年迄今已下跌超过 5%。</blockquote></p><p> Like DermTech and Gores Holdings VI, Skillz was negatively impacted by the market rotation away from growth stocks. However, the company's decision to sell 17 million shares in a public offering also hurt.</p><p><blockquote>与 DermTech 和 Gores Holdings VI 一样，Skillz 也受到了市场远离成长型股票的负面影响。然而，该公司决定在公开募股中出售 1700 万股股票也造成了伤害。</blockquote></p><p> Skillz's competition-focused approach keeps users more engaged than other leading online platforms. It's also driving tremendous growth. The company's revenue nearly doubled in 2020. Skillz is especially making inroads in converting users to paying customers.</p><p><blockquote>Skillz以竞争为中心的方法让用户比其他领先的在线平台更多地参与其中。它也推动了巨大的增长。该公司2020年的收入几乎翻了一番。Skillz在将用户转化为付费客户方面尤其取得了进展。</blockquote></p><p> The mobile gaming market totaled $86 billion last year and continues to grow rapidly. Skillz should be able to increase its market share as it expands internationally and adds new genres of games to its platform. The company's multi-year agreement with the NFL could also provide a big boost.</p><p><blockquote>移动游戏市场去年总计860亿美元，并继续快速增长。Skillz应该能够增加其市场份额，因为它在国际上扩张，并在其平台上添加新的游戏类型。该公司与 NFL 的多年协议也可能带来巨大的推动。</blockquote></p><p> Skillz looks like a stock that could easily double your money and perhaps deliver much greater returns than that over the next couple of years.</p><p><blockquote>Skillz 看起来像是一只可以轻松让您的资金翻倍的股票，并且在未来几年内可能会带来比这更高的回报。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/04/02/3-beaten-down-stocks-that-could-double-your-money/\">Motley Fool</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.fool.com/investing/2021/04/02/3-beaten-down-stocks-that-could-double-your-money/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1188150614","content_text":"Market rotation malaise has infected many investors. Last year, the growth stocks in theNasdaq-100index trounced the staid giants in theDow Jones Industrial Average. It's been a different story so far in 2021, though. The big money appears to be moving into so-called \"risk-off\" stocks.\nAs a result, many of the high-flyers from just a few months ago are now stuck in the doldrums. Some are even down more than 30% from their peaks set earlier this year. There's a silver lining in this dark cloud, however: Quite a few stocks with strong growth prospects are available at discounted prices. Here are three beaten-down stocks that could even double your money -- or more.\nDermTech\nDermTech(NASDAQ:DMTK)markets an exciting product: a skin genomics test that can detect melanoma more accurately and cheaper than surgical biopsy. Its shares soared over 145% year to date by the third week of February. Since then, though, thehealthcare stockhas fallen more than 35%.\nPart of the problem was the aforementioned general sell-off of growth stocks. However, DermTech also provided disappointing guidance in its fourth-quarter update. The company expects first-quarter assay revenue of between $1.6 million and $1.9 million compared to Q4 assay revenue of $1.6 million.\nDermTech still faces some COVID-19 headwinds in reaching out to physicians. The company's long-term growth prospects remain bright, though. DermTech continues to pick up commercial payer reimbursement for its first product, Pigmented Lesion Assay (PLA). It expects to launch an at-home genomics test that identifies ultraviolet ray damage and skin cancer risk next year.\nThe total addressable U.S. market that DermTech is targeting for all types of skin cancer is around $10 billion. With the company's market cap currently below $1.5 billion, DermTech should only have to capture a tiny sliver of this market to deliver huge returns for investors.\nGores Holdings VI\nSpecial purpose acquisition company (SPAC) stocks were wildly popular not long ago. That's changed quite a bit. Gores Holdings VI(NASDAQ:GHVI)serves as a great example: The SPAC's shares skyrocketed more than 120% year to date by mid-February but are now down over 40% from those highs.\nGores Holdings VI and spatial data company Matterport announced on Feb. 8 that they plan to merge in a deal that will take Matterport public at an equity value of around $2.9 billion. But Matterport should be able to grow much larger than that relatively quickly.\nMatterport pioneered the spatial data market a decade ago. The company's technology can create a 3D \"digital twin\" of any physical space. Consulting firmAccenturerecently picked digital twin technology asone of its top five tech trends of 2021.\nThe company already has over 250,000 customers, including 13% of the Fortune 1000. However, less than 1% of the more than 4 billion buildings across the world are currently digitized. This represents a $240 billion opportunity for Matterport. The company expects to nearly double its revenue in 2022 with growth accelerating in subsequent years.\nSkillz\nSkillz(NYSE:SKLZ)stands as the biggest loser of these three beaten-down stocks. Shares of the mobile game platform provider soared nearly 120% by early February only to give up all of those gains and then some. The stock is now down over 5% year to date.\nLike DermTech and Gores Holdings VI, Skillz was negatively impacted by the market rotation away from growth stocks. However, the company's decision to sell 17 million shares in a public offering also hurt.\nSkillz's competition-focused approach keeps users more engaged than other leading online platforms. It's also driving tremendous growth. The company's revenue nearly doubled in 2020. Skillz is especially making inroads in converting users to paying customers.\nThe mobile gaming market totaled $86 billion last year and continues to grow rapidly. Skillz should be able to increase its market share as it expands internationally and adds new genres of games to its platform. The company's multi-year agreement with the NFL could also provide a big boost.\nSkillz looks like a stock that could easily double your money and perhaps deliver much greater returns than that over the next couple of years.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":1005,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"lives":[]}