JLYJ的个人主页 - 老虎社区

JLYJ

JLYJ

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2021-09-30

Good recommendation

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2021-06-18

Good choice

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2021-06-15

Dangerous

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2021-06-15

Worth to watch

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2021-06-14

Exciting

Toplines Before US Market Open on Monday<blockquote>周一美国市场开盘前的顶线</blockquote>

2021-04-09

I think coinbase will be hot

Next Week’s IPO Lineup Is Growing. It Could Be Busy.<blockquote>下周IPO阵容不断壮大。可能会很忙。</blockquote>

2021-04-09

The demand is high but the production capacity is limited.

Why Semiconductors Are As Scarce As Gold<blockquote>为什么半导体像黄金一样稀缺</blockquote>

2021-04-03

Diversification is good

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2021-03-31

有必要吗？

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2021-03-31

It's a creative ETF

Why Cathie Wood’s Space ETF Has Some Unexpected Holdings<blockquote>为什么Cathie Wood的Space ETF持有一些意想不到的股票</blockquote>

2021-03-29

It's getting more volatile

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2021-03-25

It's a roller coaster ride

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2021-03-24

Should wait a bit more

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2021-03-22

Everyone wants Amazon

Here Are Five Stocks Top Analysts Are Heavily Bullish On, Heading Into April<blockquote>以下是顶级分析师在进入四月份时非常看好的五只股票</blockquote>

2021-03-17

A bit of green

2021-03-17

That's not good news

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2021-03-10

Apple is a solid company

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2021-03-10

Depends on your risk appetite

As Markets Soar, Are These 3 Reddit Stocks Here to Stay?<blockquote>随着市场飙升，这3只Reddit股票会继续存在吗？</blockquote>

2021-03-05

Hoping it'll get lower

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2021-02-26

Just a minor ship

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to watch","listText":"Worth to watch","text":"Worth to watch","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/160085129","repostId":"1127088935","repostType":4,"isVote":1,"tweetType":1,"viewCount":1511,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":184948070,"gmtCreate":1623682151590,"gmtModify":1631891822539,"author":{"id":"3572685978072370","authorId":"3572685978072370","name":"JLYJ","avatar":"https://static.tigerbbs.com/de57572f1fa11e3decd397d6be51e2e6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572685978072370","authorIdStr":"3572685978072370"},"themes":[],"htmlText":"Exciting","listText":"Exciting","text":"Exciting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/184948070","repostId":"1172057691","repostType":4,"repost":{"id":"1172057691","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":1623672122,"share":"https://www.laohu8.com/m/news/1172057691?lang=zh_CN&edition=full","pubTime":"2021-06-14 20:02","market":"us","language":"en","title":"Toplines Before US Market Open on Monday<blockquote>周一美国市场开盘前的顶线</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1172057691","media":"Tiger Newspress","summary":"U.S. stocks are seen opening marginally higher Monday, remaining near record levels, heading into a ","content":"<p>U.S. stocks are seen opening marginally higher Monday, remaining near record levels, heading into a week that includes a keenly-awaited Federal Reserve meeting.</p><p><blockquote>预计美国股市周一小幅高开，仍接近创纪录水平，进入包括备受期待的美联储会议在内的一周。</blockquote></p><p> At 7 AM ET (1200 GMT), the Dow futures contract was up just 5 points, or less than 0.1%, S&amp;P 500 futures traded 3 points, or 0.1%, higher, and Nasdaq 100 futures climbed 50 points, or 0.3%.</p><p><blockquote>截至美国东部时间上午7点（格林威治标准时间1200），道指期货合约仅上涨5点，涨幅不到0.1%，标普500期货上涨3点，涨幅0.1%，纳斯达克100期货上涨50点，涨幅0.3%。</blockquote></p><p> The three major indices closed just higher Friday, with the broad-based S&amp;P 500 ending up 0.2%, at a new record high. The blue-chip Dow gained under 0.1% while the tech-heavy Nasdaq Composite closed 0.4% higher, helped by a rotation back into growth names.</p><p><blockquote>周五三大股指小幅收高，基础广泛的标普500收盘上涨0.2%，创历史新高。蓝筹股道琼斯指数上涨不到0.1%，而以科技股为主的纳斯达克综合指数收盘上涨0.4%，这得益于股票回归成长型股票。</blockquote></p><p> The Fed’s two-day policy meeting, ending Wednesday, will likely limit activity in the early part of the week. The central bank is not expected to take any immediate action, but investors will be focusing on the statement to see whether the policy makers open discussions about how and when to taper the $120 billion in monthly central bank bond purchases.</p><p><blockquote>美联储为期两天的政策会议将于周三结束，可能会限制本周初的经济活动。预计央行不会立即采取任何行动，但投资者将关注这份声明，看看政策制定者是否会就如何以及何时缩减每月1200亿美元的央行债券购买展开讨论。</blockquote></p><p> Crude oil prices pushed higher Monday, trading near multi-year highs, helped by an improved outlook for demand as increased Covid-19 vaccinations push global travel back to near normalcy.</p><p><blockquote>原油价格周一走高，交易价格接近多年高点，得益于需求前景改善，因为Covid-19疫苗接种的增加推动全球旅行恢复到接近正常的水平。</blockquote></p><p> U.S. daily air travelers have topped 2 million for the first time since the pandemic began with traffic returning to pre-pandemic levels in North America and much of Europe as lockdowns and other restrictions are being eased, although the U.K. could throw a spanner in the works later Monday.</p><p><blockquote>自大流行开始以来，美国每日航空旅客人数首次突破200万，随着封锁和其他限制的放松，北美和欧洲大部分地区的客流量恢复到大流行前的水平，尽管英国可能会在周一晚些时候采取行动。</blockquote></p><p> <b>Stocks making the biggest moves in the premarket:</b></p><p><blockquote><b>盘前涨幅最大的股票：</b></blockquote></p><p> <b>Novavax(NVAX)</b> – The drugmaker said its Covid-19 vaccine proved 90% effective overall in a late-stage trial, and 93% effective against the most predominant variants of the virus. It also provided 100% protection against moderate and severe disease. Novavax shares surged 10.4% in premarket trading.</p><p><blockquote><b>诺瓦瓦克斯(NVAX)</b>–该制药商表示，其Covid-19疫苗在后期试验中被证明总体有效率为90%，对病毒最主要变种的有效率为93%。它还提供100%的中度和重度疾病保护。Novavax股价在盘前交易中飙升10.4%。</blockquote></p><p> <b>Lordstown Motors(RIDE) </b>– The electric truck maker announced the resignation of CEO Steve Burns and CFO Julio Rodriguez, days after the company warned there was doubt it could continue as a going concern. Lordstown has engaged a search firm to find replacements for Burns and Rodriguez. Shares tumbled 8% in the premarket.</p><p><blockquote><b>洛兹敦汽车公司(RIDE)</b>-这家电动卡车制造商宣布首席执行官史蒂夫·伯恩斯和首席财务官胡里奥·罗德里格斯辞职，几天前该公司警告称，对其能否继续持续经营表示怀疑。洛兹敦已经聘请了一家猎头公司来寻找伯恩斯和罗德里格斯的替代者。盘前股价下跌8%。</blockquote></p><p> <b>Phillips(PHG)</b> – Phillips shares slid 4.3% in premarket action after saying it would recall up to 4 million CPAP machines due to potential toxicity risks. The foam used in the sleep apnea treatment devices could degrade and potentially become toxic. The Dutch medical equipment company is the largest producer of CPAP machines.</p><p><blockquote><b>菲利普斯(PHG)</b>-菲利普斯表示，由于潜在的毒性风险，将召回多达400万台CPAP机器，该公司股价在盘前下跌4.3%。睡眠呼吸暂停治疗装置中使用的泡沫可能降解并可能变得有毒。这家荷兰医疗设备公司是CPAP机器的最大生产商。</blockquote></p><p> <b>Chipotle Mexican Grill(CMG)</b> – Raymond James upgraded the restaurant chain’s shares to “strong buy” from “outperform”, predicting that recent menu price increases would push second-half profit well beyond consensus forecasts. Chipotle shares gained 1.4% in the premarket.</p><p><blockquote><b>Chipotle墨西哥烧烤店(CMG)</b>–Raymond James将这家连锁餐厅的股票评级从“跑赢大盘”上调至“强力买入”，预计近期菜单价格上涨将推动下半年利润远超市场普遍预期。Chipotle股价盘前上涨1.4%。</blockquote></p><p> <b>Ferrari(RACE)</b> – Goldman Sachs gave the automaker’s stock a double downgrade, moving its rating to “sell” from “buy”, noting increased capital spending and a limited scope for positive earnings revisions. Ferrari fell 2.7% in the premarket.</p><p><blockquote><b>法拉利（赛车）</b>-高盛对这家汽车制造商的股票进行了双重下调，将其评级从“买入”上调至“卖出”，并指出资本支出增加，盈利积极修正的空间有限。法拉利盘前下跌2.7%。</blockquote></p><p> <b>GlaxoSmithKline(GSK)</b> – The drugmaker is collaborating with clinical-stage biopharmaceutical companyiTeos Therapeutics(ITOS) to develop and commercialize EOS-448, a monoclonal antibody in early-stage development as a possible cancer treatment. iTeos soared 60.4% in the premarket.</p><p><blockquote><b>葛兰素史克（GSK）</b>-该制药商正在与临床阶段生物制药公司Iteos Therapeutics(ITOS)合作开发和商业化EOS-448，这是一种处于早期开发阶段的单克隆抗体，作为一种可能的癌症治疗方法。iTeos盘前飙升60.4%。</blockquote></p><p> <b>AstraZeneca(AZN) </b>– The drugmaker’s Covid-19 vaccine has a favorable risk/reward profile for all age groups and particularly for those 60 years and older, according to the head of the European Medicines Agency’s Covid-19 task force. Marco Cavaleri said his quote in an Italian newspaper saying the vaccine should not be given to those over 60 was not interpreted correctly.</p><p><blockquote><b>阿斯利康(AZN)</b>-根据欧洲药品管理局Covid-19工作组负责人的说法，该制药商的Covid-19疫苗对所有年龄组，特别是60岁及以上的人都具有良好的风险/回报特征。马尔科·卡瓦莱里(Marco Cavaleri)表示，他在一家意大利报纸上引用的不应给60岁以上的人接种疫苗的言论没有得到正确解释。</blockquote></p><p> <b>Royal Dutch Shell(RDS.A)</b> – The energy giant is considering a sale of shale assets in Texas, according to people familiar with the matter who spoke to Reuters. Such a could be worth more than $10 billion. Shares gained 2% in premarket trading.</p><p><blockquote><b>荷兰皇家壳牌公司(RDS.A)</b>–据接受路透社采访的知情人士透露，这家能源巨头正在考虑出售德克萨斯州的页岩资产。这样的价值可能超过100亿美元。股价在盘前交易中上涨2%。</blockquote></p><p> <b>Oatly(OTLY) </b>– The oat milk maker received a mixed batch of initial ratings from a handful of investment firms. Oatly received ratings of “perform” (Oppenheimer), “outperform” (Credit Suisse), “equal-weight” (Morgan Stanley), “overweight” (Piper Sandler), “buy” (Jefferies, Guggenheim), “neutral” (JPMorgan Chase) and “sector perform” (RBC Capital). All agree on growth prospects for Oatly – but some firms feel those prospects are already priced into the stock.</p><p><blockquote><b>燕麦(OTLY)</b>-这家燕麦牛奶制造商从少数投资公司获得了不同的初始评级。Oatly获得“表现”（Oppenheimer）、“跑赢大盘”（瑞士信贷）、“同等权重”（摩根士丹利）、“跑赢大盘”（Piper Sandler）、“买入”（Jefferies、Guggenheim）、“中性”的评级”（摩根大通）和“行业表现”（加拿大皇家银行资本）。所有人都同意Oatly的增长前景，但一些公司认为这些前景已经反映在该股的价格中。</blockquote></p><p> <b>Qualcomm(QCOM)</b> – Qualcomm is prepared to invest in UK chipmaker Arm if its $40 billion deal to be acquired byNvidia(NVDA) is blocked by regulators, according to the Telegraph newspaper quoting CEO Cristiano Amon.</p><p><blockquote><b>高通(QCOM)</b>-据《每日电讯报》援引英国芯片制造商Arm首席执行官克里斯蒂亚诺·阿蒙(Cristiano Amon)的400亿美元收购交易被监管机构阻止，高通准备投资英国芯片制造商Arm。</blockquote></p><p> <b>Equinix(EQIX)</b> – Equinix struck a deal for additional joint ventures with Singapore’s sovereign wealth fund to expand its data center operations there. The deal will see the fund invest an additional $3.9 billion, bringing the total investment to more than $6.9 billion.</p><p><blockquote><b>Equinix(EQIX)</b>-Equinix与新加坡主权财富基金达成了额外合资企业的协议，以扩大其在新加坡的数据中心业务。这笔交易将使该基金额外投资39亿美元，使总投资超过69亿美元。</blockquote></p><p></p><p> <b>NextGen Acquisition(NGAC) </b>– The special purpose acquisition company is in advanced talks to take Sir Richard Branson’s Virgin Orbit public, according to Sky News. Sky said a deal valuing Virgin Orbit at about $3 billion could be announced within the coming weeks. NextGen shares gained 1.9% in the premarket.</p><p><blockquote><b>下一代收购(NGAC)</b>-据天空新闻报道，这家特殊目的收购公司正在就理查德·布兰森爵士的维珍轨道公司上市进行深入谈判。天空电视台表示，维珍轨道公司估值约为30亿美元的交易可能会在未来几周内宣布。NextGen股价盘前上涨1.9%。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Toplines Before US Market Open on Monday<blockquote>周一美国市场开盘前的顶线</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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\">\nToplines Before US Market Open on Monday<blockquote>周一美国市场开盘前的顶线</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-06-14 20:02</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>U.S. stocks are seen opening marginally higher Monday, remaining near record levels, heading into a week that includes a keenly-awaited Federal Reserve meeting.</p><p><blockquote>预计美国股市周一小幅高开，仍接近创纪录水平，进入包括备受期待的美联储会议在内的一周。</blockquote></p><p> At 7 AM ET (1200 GMT), the Dow futures contract was up just 5 points, or less than 0.1%, S&amp;P 500 futures traded 3 points, or 0.1%, higher, and Nasdaq 100 futures climbed 50 points, or 0.3%.</p><p><blockquote>截至美国东部时间上午7点（格林威治标准时间1200），道指期货合约仅上涨5点，涨幅不到0.1%，标普500期货上涨3点，涨幅0.1%，纳斯达克100期货上涨50点，涨幅0.3%。</blockquote></p><p> The three major indices closed just higher Friday, with the broad-based S&amp;P 500 ending up 0.2%, at a new record high. The blue-chip Dow gained under 0.1% while the tech-heavy Nasdaq Composite closed 0.4% higher, helped by a rotation back into growth names.</p><p><blockquote>周五三大股指小幅收高，基础广泛的标普500收盘上涨0.2%，创历史新高。蓝筹股道琼斯指数上涨不到0.1%，而以科技股为主的纳斯达克综合指数收盘上涨0.4%，这得益于股票回归成长型股票。</blockquote></p><p> The Fed’s two-day policy meeting, ending Wednesday, will likely limit activity in the early part of the week. The central bank is not expected to take any immediate action, but investors will be focusing on the statement to see whether the policy makers open discussions about how and when to taper the $120 billion in monthly central bank bond purchases.</p><p><blockquote>美联储为期两天的政策会议将于周三结束，可能会限制本周初的经济活动。预计央行不会立即采取任何行动，但投资者将关注这份声明，看看政策制定者是否会就如何以及何时缩减每月1200亿美元的央行债券购买展开讨论。</blockquote></p><p> Crude oil prices pushed higher Monday, trading near multi-year highs, helped by an improved outlook for demand as increased Covid-19 vaccinations push global travel back to near normalcy.</p><p><blockquote>原油价格周一走高，交易价格接近多年高点，得益于需求前景改善，因为Covid-19疫苗接种的增加推动全球旅行恢复到接近正常的水平。</blockquote></p><p> U.S. daily air travelers have topped 2 million for the first time since the pandemic began with traffic returning to pre-pandemic levels in North America and much of Europe as lockdowns and other restrictions are being eased, although the U.K. could throw a spanner in the works later Monday.</p><p><blockquote>自大流行开始以来，美国每日航空旅客人数首次突破200万，随着封锁和其他限制的放松，北美和欧洲大部分地区的客流量恢复到大流行前的水平，尽管英国可能会在周一晚些时候采取行动。</blockquote></p><p> <b>Stocks making the biggest moves in the premarket:</b></p><p><blockquote><b>盘前涨幅最大的股票：</b></blockquote></p><p> <b>Novavax(NVAX)</b> – The drugmaker said its Covid-19 vaccine proved 90% effective overall in a late-stage trial, and 93% effective against the most predominant variants of the virus. It also provided 100% protection against moderate and severe disease. Novavax shares surged 10.4% in premarket trading.</p><p><blockquote><b>诺瓦瓦克斯(NVAX)</b>–该制药商表示，其Covid-19疫苗在后期试验中被证明总体有效率为90%，对病毒最主要变种的有效率为93%。它还提供100%的中度和重度疾病保护。Novavax股价在盘前交易中飙升10.4%。</blockquote></p><p> <b>Lordstown Motors(RIDE) </b>– The electric truck maker announced the resignation of CEO Steve Burns and CFO Julio Rodriguez, days after the company warned there was doubt it could continue as a going concern. Lordstown has engaged a search firm to find replacements for Burns and Rodriguez. Shares tumbled 8% in the premarket.</p><p><blockquote><b>洛兹敦汽车公司(RIDE)</b>-这家电动卡车制造商宣布首席执行官史蒂夫·伯恩斯和首席财务官胡里奥·罗德里格斯辞职，几天前该公司警告称，对其能否继续持续经营表示怀疑。洛兹敦已经聘请了一家猎头公司来寻找伯恩斯和罗德里格斯的替代者。盘前股价下跌8%。</blockquote></p><p> <b>Phillips(PHG)</b> – Phillips shares slid 4.3% in premarket action after saying it would recall up to 4 million CPAP machines due to potential toxicity risks. The foam used in the sleep apnea treatment devices could degrade and potentially become toxic. The Dutch medical equipment company is the largest producer of CPAP machines.</p><p><blockquote><b>菲利普斯(PHG)</b>-菲利普斯表示，由于潜在的毒性风险，将召回多达400万台CPAP机器，该公司股价在盘前下跌4.3%。睡眠呼吸暂停治疗装置中使用的泡沫可能降解并可能变得有毒。这家荷兰医疗设备公司是CPAP机器的最大生产商。</blockquote></p><p> <b>Chipotle Mexican Grill(CMG)</b> – Raymond James upgraded the restaurant chain’s shares to “strong buy” from “outperform”, predicting that recent menu price increases would push second-half profit well beyond consensus forecasts. Chipotle shares gained 1.4% in the premarket.</p><p><blockquote><b>Chipotle墨西哥烧烤店(CMG)</b>–Raymond James将这家连锁餐厅的股票评级从“跑赢大盘”上调至“强力买入”，预计近期菜单价格上涨将推动下半年利润远超市场普遍预期。Chipotle股价盘前上涨1.4%。</blockquote></p><p> <b>Ferrari(RACE)</b> – Goldman Sachs gave the automaker’s stock a double downgrade, moving its rating to “sell” from “buy”, noting increased capital spending and a limited scope for positive earnings revisions. Ferrari fell 2.7% in the premarket.</p><p><blockquote><b>法拉利（赛车）</b>-高盛对这家汽车制造商的股票进行了双重下调，将其评级从“买入”上调至“卖出”，并指出资本支出增加，盈利积极修正的空间有限。法拉利盘前下跌2.7%。</blockquote></p><p> <b>GlaxoSmithKline(GSK)</b> – The drugmaker is collaborating with clinical-stage biopharmaceutical companyiTeos Therapeutics(ITOS) to develop and commercialize EOS-448, a monoclonal antibody in early-stage development as a possible cancer treatment. iTeos soared 60.4% in the premarket.</p><p><blockquote><b>葛兰素史克（GSK）</b>-该制药商正在与临床阶段生物制药公司Iteos Therapeutics(ITOS)合作开发和商业化EOS-448，这是一种处于早期开发阶段的单克隆抗体，作为一种可能的癌症治疗方法。iTeos盘前飙升60.4%。</blockquote></p><p> <b>AstraZeneca(AZN) </b>– The drugmaker’s Covid-19 vaccine has a favorable risk/reward profile for all age groups and particularly for those 60 years and older, according to the head of the European Medicines Agency’s Covid-19 task force. Marco Cavaleri said his quote in an Italian newspaper saying the vaccine should not be given to those over 60 was not interpreted correctly.</p><p><blockquote><b>阿斯利康(AZN)</b>-根据欧洲药品管理局Covid-19工作组负责人的说法，该制药商的Covid-19疫苗对所有年龄组，特别是60岁及以上的人都具有良好的风险/回报特征。马尔科·卡瓦莱里(Marco Cavaleri)表示，他在一家意大利报纸上引用的不应给60岁以上的人接种疫苗的言论没有得到正确解释。</blockquote></p><p> <b>Royal Dutch Shell(RDS.A)</b> – The energy giant is considering a sale of shale assets in Texas, according to people familiar with the matter who spoke to Reuters. Such a could be worth more than $10 billion. Shares gained 2% in premarket trading.</p><p><blockquote><b>荷兰皇家壳牌公司(RDS.A)</b>–据接受路透社采访的知情人士透露，这家能源巨头正在考虑出售德克萨斯州的页岩资产。这样的价值可能超过100亿美元。股价在盘前交易中上涨2%。</blockquote></p><p> <b>Oatly(OTLY) </b>– The oat milk maker received a mixed batch of initial ratings from a handful of investment firms. Oatly received ratings of “perform” (Oppenheimer), “outperform” (Credit Suisse), “equal-weight” (Morgan Stanley), “overweight” (Piper Sandler), “buy” (Jefferies, Guggenheim), “neutral” (JPMorgan Chase) and “sector perform” (RBC Capital). All agree on growth prospects for Oatly – but some firms feel those prospects are already priced into the stock.</p><p><blockquote><b>燕麦(OTLY)</b>-这家燕麦牛奶制造商从少数投资公司获得了不同的初始评级。Oatly获得“表现”（Oppenheimer）、“跑赢大盘”（瑞士信贷）、“同等权重”（摩根士丹利）、“跑赢大盘”（Piper Sandler）、“买入”（Jefferies、Guggenheim）、“中性”的评级”（摩根大通）和“行业表现”（加拿大皇家银行资本）。所有人都同意Oatly的增长前景，但一些公司认为这些前景已经反映在该股的价格中。</blockquote></p><p> <b>Qualcomm(QCOM)</b> – Qualcomm is prepared to invest in UK chipmaker Arm if its $40 billion deal to be acquired byNvidia(NVDA) is blocked by regulators, according to the Telegraph newspaper quoting CEO Cristiano Amon.</p><p><blockquote><b>高通(QCOM)</b>-据《每日电讯报》援引英国芯片制造商Arm首席执行官克里斯蒂亚诺·阿蒙(Cristiano Amon)的400亿美元收购交易被监管机构阻止，高通准备投资英国芯片制造商Arm。</blockquote></p><p> <b>Equinix(EQIX)</b> – Equinix struck a deal for additional joint ventures with Singapore’s sovereign wealth fund to expand its data center operations there. The deal will see the fund invest an additional $3.9 billion, bringing the total investment to more than $6.9 billion.</p><p><blockquote><b>Equinix(EQIX)</b>-Equinix与新加坡主权财富基金达成了额外合资企业的协议，以扩大其在新加坡的数据中心业务。这笔交易将使该基金额外投资39亿美元，使总投资超过69亿美元。</blockquote></p><p></p><p> <b>NextGen Acquisition(NGAC) </b>– The special purpose acquisition company is in advanced talks to take Sir Richard Branson’s Virgin Orbit public, according to Sky News. Sky said a deal valuing Virgin Orbit at about $3 billion could be announced within the coming weeks. NextGen shares gained 1.9% in the premarket.</p><p><blockquote><b>下一代收购(NGAC)</b>-据天空新闻报道，这家特殊目的收购公司正在就理查德·布兰森爵士的维珍轨道公司上市进行深入谈判。天空电视台表示，维珍轨道公司估值约为30亿美元的交易可能会在未来几周内宣布。NextGen股价盘前上涨1.9%。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"EQIX":"易昆尼克斯","AZN":"阿斯利康","RACE":"法拉利","QCOM":"高通","GSK":"葛兰素史克","OTLY":"Oatly Group AB","RDS.A":"荷兰皇家壳牌石油A类股","PHG":"飞利浦","NVAX":"诺瓦瓦克斯医药","CMG":"墨式烧烤"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1172057691","content_text":"U.S. stocks are seen opening marginally higher Monday, remaining near record levels, heading into a week that includes a keenly-awaited Federal Reserve meeting.\nAt 7 AM ET (1200 GMT), the Dow futures contract was up just 5 points, or less than 0.1%, S&P 500 futures traded 3 points, or 0.1%, higher, and Nasdaq 100 futures climbed 50 points, or 0.3%.\nThe three major indices closed just higher Friday, with the broad-based S&P 500 ending up 0.2%, at a new record high. The blue-chip Dow gained under 0.1% while the tech-heavy Nasdaq Composite closed 0.4% higher, helped by a rotation back into growth names.\nThe Fed’s two-day policy meeting, ending Wednesday, will likely limit activity in the early part of the week. The central bank is not expected to take any immediate action, but investors will be focusing on the statement to see whether the policy makers open discussions about how and when to taper the $120 billion in monthly central bank bond purchases.\nCrude oil prices pushed higher Monday, trading near multi-year highs, helped by an improved outlook for demand as increased Covid-19 vaccinations push global travel back to near normalcy.\nU.S. daily air travelers have topped 2 million for the first time since the pandemic began with traffic returning to pre-pandemic levels in North America and much of Europe as lockdowns and other restrictions are being eased, although the U.K. could throw a spanner in the works later Monday.\nStocks making the biggest moves in the premarket:\nNovavax(NVAX) – The drugmaker said its Covid-19 vaccine proved 90% effective overall in a late-stage trial, and 93% effective against the most predominant variants of the virus. It also provided 100% protection against moderate and severe disease. Novavax shares surged 10.4% in premarket trading.\nLordstown Motors(RIDE) – The electric truck maker announced the resignation of CEO Steve Burns and CFO Julio Rodriguez, days after the company warned there was doubt it could continue as a going concern. Lordstown has engaged a search firm to find replacements for Burns and Rodriguez. Shares tumbled 8% in the premarket.\nPhillips(PHG) – Phillips shares slid 4.3% in premarket action after saying it would recall up to 4 million CPAP machines due to potential toxicity risks. The foam used in the sleep apnea treatment devices could degrade and potentially become toxic. The Dutch medical equipment company is the largest producer of CPAP machines.\nChipotle Mexican Grill(CMG) – Raymond James upgraded the restaurant chain’s shares to “strong buy” from “outperform”, predicting that recent menu price increases would push second-half profit well beyond consensus forecasts. Chipotle shares gained 1.4% in the premarket.\nFerrari(RACE) – Goldman Sachs gave the automaker’s stock a double downgrade, moving its rating to “sell” from “buy”, noting increased capital spending and a limited scope for positive earnings revisions. Ferrari fell 2.7% in the premarket.\nGlaxoSmithKline(GSK) – The drugmaker is collaborating with clinical-stage biopharmaceutical companyiTeos Therapeutics(ITOS) to develop and commercialize EOS-448, a monoclonal antibody in early-stage development as a possible cancer treatment. iTeos soared 60.4% in the premarket.\nAstraZeneca(AZN) – The drugmaker’s Covid-19 vaccine has a favorable risk/reward profile for all age groups and particularly for those 60 years and older, according to the head of the European Medicines Agency’s Covid-19 task force. Marco Cavaleri said his quote in an Italian newspaper saying the vaccine should not be given to those over 60 was not interpreted correctly.\nRoyal Dutch Shell(RDS.A) – The energy giant is considering a sale of shale assets in Texas, according to people familiar with the matter who spoke to Reuters. Such a could be worth more than $10 billion. Shares gained 2% in premarket trading.\nOatly(OTLY) – The oat milk maker received a mixed batch of initial ratings from a handful of investment firms. Oatly received ratings of “perform” (Oppenheimer), “outperform” (Credit Suisse), “equal-weight” (Morgan Stanley), “overweight” (Piper Sandler), “buy” (Jefferies, Guggenheim), “neutral” (JPMorgan Chase) and “sector perform” (RBC Capital). All agree on growth prospects for Oatly – but some firms feel those prospects are already priced into the stock.\nQualcomm(QCOM) – Qualcomm is prepared to invest in UK chipmaker Arm if its $40 billion deal to be acquired byNvidia(NVDA) is blocked by regulators, according to the Telegraph newspaper quoting CEO Cristiano Amon.\nEquinix(EQIX) – Equinix struck a deal for additional joint ventures with Singapore’s sovereign wealth fund to expand its data center operations there. The deal will see the fund invest an additional $3.9 billion, bringing the total investment to more than $6.9 billion.\nNextGen Acquisition(NGAC) – The special purpose acquisition company is in advanced talks to take Sir Richard Branson’s Virgin Orbit public, according to Sky News. Sky said a deal valuing Virgin Orbit at about $3 billion could be announced within the coming weeks. NextGen shares gained 1.9% in the premarket.","news_type":1,"symbols_score_info":{"OTLY":0.9,"RACE":0.9,"GSK":0.9,"NGAC":0.9,"NVAX":0.9,"AZN":0.9,"CMG":0.9,"EQIX":0.9,"QCOM":0.9,"RIDE":0.9,"RDS.A":0.9,"PHG":0.9}},"isVote":1,"tweetType":1,"viewCount":1544,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":346995646,"gmtCreate":1617978528685,"gmtModify":1631891822542,"author":{"id":"3572685978072370","authorId":"3572685978072370","name":"JLYJ","avatar":"https://static.tigerbbs.com/de57572f1fa11e3decd397d6be51e2e6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572685978072370","authorIdStr":"3572685978072370"},"themes":[],"htmlText":"I think coinbase will be hot","listText":"I think coinbase will be hot","text":"I think coinbase will be hot","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/346995646","repostId":"1168300924","repostType":4,"repost":{"id":"1168300924","kind":"news","pubTimestamp":1617955250,"share":"https://www.laohu8.com/m/news/1168300924?lang=zh_CN&edition=full","pubTime":"2021-04-09 16:00","market":"us","language":"en","title":"Next Week’s IPO Lineup Is Growing. It Could Be Busy.<blockquote>下周IPO阵容不断壮大。可能会很忙。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1168300924","media":"barrons","summary":"The second week of April is shaping up to be a relatively strong time for the IPO market. As many as four more companies are making their stock-market debuts, bringing the total to at least six.Coinbase, the largest U.S. cryptocurrency exchange,is slated to open for trading on Wednesday, April 14. Applovin and TuSimple are listing the next day, three people familiar with the situation said. Agilon Health ismaking its debut that Thursday.And Alkami Technology,a bank software company, and Karat Pa","content":"<p>The second week of April is shaping up to be a relatively strong time for the IPO market. As many as four more companies are making their stock-market debuts, bringing the total to at least six.</p><p><blockquote>4月的第二周将成为IPO市场相对强劲的时期。又有多达四家公司在股市首次亮相，使总数至少达到六家。</blockquote></p><p>Coinbase, the largest U.S. cryptocurrency exchange,is slated to open for trading on Wednesday, April 14. Applovin and TuSimple are listing the next day, three people familiar with the situation said. Agilon Health ismaking its debut that Thursday.</p><p><blockquote>美国最大的加密货币交易所Coinbase定于4月14日星期三开业交易。三位知情人士表示，Applovin和图森未来将于第二天上市。Agilon Health将于周四首次亮相。</blockquote></p><p>And Alkami Technology,a bank software company, and Karat Packaging, whichmakes environmentally-friendly disposable food service products, are also reportedly going public.</p><p><blockquote>据报道，银行软件公司Alkami Technology和生产环保一次性食品服务产品的Karat Packaging也将上市。</blockquote></p><p>This week, by way of contrast, two companies, Reneo Pharmaceuticals and VectivBio Holding, are listing. Both are small biotech companies that areslated to begin trading on the Nasdaq on Friday.</p><p><blockquote>相比之下，本周有两家公司Reneo Pharmaceuticals和VectivBio Holding上市。这两家公司都是小型生物技术公司，预计将于周五在纳斯达克开始交易。</blockquote></p><p>Applovin on Wednesday set terms for its initial public offering. It is offering 25 million shares at $75 to $85 each, which means it could raise as much as $2.13 billion if the stock sells at the high end of that range. The company plans to trade on the Nasdaq under the symbol APP.</p><p><blockquote>Applovin周三设定了首次公开募股的条款。该公司将以每股75至85美元的价格发行2500万股股票，这意味着如果该股票以该区间的高端出售，它可以筹集高达21.3亿美元的资金。该公司计划在纳斯达克以APP为代码进行交易。</blockquote></p><p>Eighteen underwriters are listed in the Applovin prospectus, includingMorgan Stanley(ticker: MS),JPMorgan Chase(JPM),KKR,&nbsp;Bank of America‘s (BAC) BofA Securities, andCitigroup(C).</p><p><blockquote>Applovin招股说明书中列出了18家承销商，包括摩根士丹利（股票代码：MS）、摩根大通(JPM)、KKR、美国银行(BAC)美银证券和花旗集团(C)。</blockquote></p><p>Founded in 2012, Applovin&nbsp;provides software&nbsp;used by mobile-game developers to grow their businesses.&nbsp; Some 410 million people a day open apps that contain Applovin software, according to the company. Applovin also has a portfolio of more than 200 free-to-play mobile games with 32 million daily users.</p><p><blockquote>Applovin成立于2012年，提供手机游戏开发商用来发展业务的软件。据该公司称，每天约有4.1亿人打开包含Applovin软件的应用程序。Applovin还拥有200多款免费手机游戏，日用户达3200万。</blockquote></p><p>In 2018, KKRbought a minority stakein Applovin for $400 million, valuing Applovin at $2 billion at the time. Applovin in February acquired Adjust, a firm that helps mobile-app developers measure the performance of apps and prevent fraud, for $1 billion. KKR will own 67.4% of the company after the IPO, theprospectus said.</p><p><blockquote>2018年，KKR以4亿美元收购了Applovin的少数股权，当时Applovin的估值为20亿美元。Applovin今年2月以10亿美元收购了Adjust，这是一家帮助移动应用开发者衡量应用性能和防止欺诈的公司。招股说明书称，IPO后KKR将拥有该公司67.4%的股份。</blockquote></p><p>With 357,955,309 shares outstanding, Applovin’s market capitalization could hit $30 billion.</p><p><blockquote>Applovin的流通股为357,955,309股，市值可能达到300亿美元。</blockquote></p><p>TuSimple also set terms for its IPO. The self-driving technology company could raise as much as $1.3 billion; it is offering nearly 34 million shares at $35 to $39 each. It will trade on the Nasdaq under the ticker TSP.</p><p><blockquote>图森未来还设定了IPO条款。这家自动驾驶技术公司可能筹集高达13亿美元的资金；该公司以每股35至39美元的价格发行近3400万股股票。它将在纳斯达克交易，股票代码为TSP。</blockquote></p><p>Morgan Stanley(MS),Citigroup,and J.P. Morgan (JPM) are lead bookrunners on the deal.</p><p><blockquote>摩根士丹利（MS）、花旗集团和摩根大通（JPM）是该交易的牵头账簿管理人。</blockquote></p><p>Founded in 2015, TuSimple is looking to transform the $800 billion trucking industry. The San Diego company, which has plants in Tucson, Shanghai, and Beijing, in addition to operations in Japan, is developing an autonomous freight network for long-haul, semi-trucks that it says will increase efficiency and safety on the road, while cutting operating costs.</p><p><blockquote>图森未来成立于2015年，旨在改变价值8000亿美元的卡车运输业。这家圣地亚哥公司除了在日本开展业务外，还在图森、上海和北京设有工厂，正在为长途半挂卡车开发自动货运网络，据称这将提高道路效率和安全性，同时削减运营成本。</blockquote></p><p>TuSimple develops software for the Level 4 self-driving, long-haul trucks, which can see up to 1,000 meters away, equivalent to 30 seconds of driving time. High-definition maps provide accuracy within five centimeters.</p><p><blockquote>图森未来为4级自动驾驶长途卡车开发软件，可以看到1000米以外的地方，相当于30秒的驾驶时间。高清地图提供了五厘米以内的精度。</blockquote></p><p>The company is partnering withNavistar(NAV) to develop trucks for the North American market by 2024,its prospectus said. TuSimple has another partnership withVolkswagensubsidiary TRATON for trucks in Europe. Navistar, TRATON, and United Parcel Service (UPS) are all investors.</p><p><blockquote>招股说明书称，该公司正在与Navistar(NAV)合作，到2024年为北美市场开发卡车。图森未来与大众汽车子公司TRATON在欧洲建立了卡车合作伙伴关系。Navistar、TRATON和联合包裹服务公司(UPS)都是投资者。</blockquote></p><p>TuSimple has raised $800 million in funding, including a $350 million round in November led by VectoIQ.BlackRock(BR), Fidelity Management &amp; Research Co and Capital Group are in talks to buy up to 10.1 million TuSimple shares at the IPO price, the prospectus said.</p><p><blockquote>图森未来已筹集8亿美元资金，其中包括11月份由VectoIQ领投的3.5亿美元融资。招股说明书称，贝莱德(BR)、富达管理与研究公司和资本集团正在洽谈以IPO价格购买最多1010万股图森未来股票。</blockquote></p><p>The company will have 212,263,328 shares outstanding, meaning TuSimple’s market cap could climb to $8.3 billion. TuSimple, however, is not profitable. Losses widened to $177.9 million in 2020 from $84.9 million in 2019. Revenue jumped nearly 160% to $1.8 million in 2020.</p><p><blockquote>该公司将拥有212,263,328股已发行股票，这意味着图森未来的市值可能攀升至83亿美元。然而，图森未来并未盈利。亏损从2019年的8490万美元扩大至2020年的1.779亿美元。2020年收入增长近160%至180万美元。</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>Next Week’s IPO Lineup Is Growing. It Could Be Busy.<blockquote>下周IPO阵容不断壮大。可能会很忙。</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\">\nNext Week’s IPO Lineup Is Growing. It Could Be Busy.<blockquote>下周IPO阵容不断壮大。可能会很忙。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">barrons</strong><span class=\"h-time small\">2021-04-09 16:00</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The second week of April is shaping up to be a relatively strong time for the IPO market. As many as four more companies are making their stock-market debuts, bringing the total to at least six.</p><p><blockquote>4月的第二周将成为IPO市场相对强劲的时期。又有多达四家公司在股市首次亮相，使总数至少达到六家。</blockquote></p><p>Coinbase, the largest U.S. cryptocurrency exchange,is slated to open for trading on Wednesday, April 14. Applovin and TuSimple are listing the next day, three people familiar with the situation said. Agilon Health ismaking its debut that Thursday.</p><p><blockquote>美国最大的加密货币交易所Coinbase定于4月14日星期三开业交易。三位知情人士表示，Applovin和图森未来将于第二天上市。Agilon Health将于周四首次亮相。</blockquote></p><p>And Alkami Technology,a bank software company, and Karat Packaging, whichmakes environmentally-friendly disposable food service products, are also reportedly going public.</p><p><blockquote>据报道，银行软件公司Alkami Technology和生产环保一次性食品服务产品的Karat Packaging也将上市。</blockquote></p><p>This week, by way of contrast, two companies, Reneo Pharmaceuticals and VectivBio Holding, are listing. Both are small biotech companies that areslated to begin trading on the Nasdaq on Friday.</p><p><blockquote>相比之下，本周有两家公司Reneo Pharmaceuticals和VectivBio Holding上市。这两家公司都是小型生物技术公司，预计将于周五在纳斯达克开始交易。</blockquote></p><p>Applovin on Wednesday set terms for its initial public offering. It is offering 25 million shares at $75 to $85 each, which means it could raise as much as $2.13 billion if the stock sells at the high end of that range. The company plans to trade on the Nasdaq under the symbol APP.</p><p><blockquote>Applovin周三设定了首次公开募股的条款。该公司将以每股75至85美元的价格发行2500万股股票，这意味着如果该股票以该区间的高端出售，它可以筹集高达21.3亿美元的资金。该公司计划在纳斯达克以APP为代码进行交易。</blockquote></p><p>Eighteen underwriters are listed in the Applovin prospectus, includingMorgan Stanley(ticker: MS),JPMorgan Chase(JPM),KKR,&nbsp;Bank of America‘s (BAC) BofA Securities, andCitigroup(C).</p><p><blockquote>Applovin招股说明书中列出了18家承销商，包括摩根士丹利（股票代码：MS）、摩根大通(JPM)、KKR、美国银行(BAC)美银证券和花旗集团(C)。</blockquote></p><p>Founded in 2012, Applovin&nbsp;provides software&nbsp;used by mobile-game developers to grow their businesses.&nbsp; Some 410 million people a day open apps that contain Applovin software, according to the company. Applovin also has a portfolio of more than 200 free-to-play mobile games with 32 million daily users.</p><p><blockquote>Applovin成立于2012年，提供手机游戏开发商用来发展业务的软件。据该公司称，每天约有4.1亿人打开包含Applovin软件的应用程序。Applovin还拥有200多款免费手机游戏，日用户达3200万。</blockquote></p><p>In 2018, KKRbought a minority stakein Applovin for $400 million, valuing Applovin at $2 billion at the time. Applovin in February acquired Adjust, a firm that helps mobile-app developers measure the performance of apps and prevent fraud, for $1 billion. KKR will own 67.4% of the company after the IPO, theprospectus said.</p><p><blockquote>2018年，KKR以4亿美元收购了Applovin的少数股权，当时Applovin的估值为20亿美元。Applovin今年2月以10亿美元收购了Adjust，这是一家帮助移动应用开发者衡量应用性能和防止欺诈的公司。招股说明书称，IPO后KKR将拥有该公司67.4%的股份。</blockquote></p><p>With 357,955,309 shares outstanding, Applovin’s market capitalization could hit $30 billion.</p><p><blockquote>Applovin的流通股为357,955,309股，市值可能达到300亿美元。</blockquote></p><p>TuSimple also set terms for its IPO. The self-driving technology company could raise as much as $1.3 billion; it is offering nearly 34 million shares at $35 to $39 each. It will trade on the Nasdaq under the ticker TSP.</p><p><blockquote>图森未来还设定了IPO条款。这家自动驾驶技术公司可能筹集高达13亿美元的资金；该公司以每股35至39美元的价格发行近3400万股股票。它将在纳斯达克交易，股票代码为TSP。</blockquote></p><p>Morgan Stanley(MS),Citigroup,and J.P. Morgan (JPM) are lead bookrunners on the deal.</p><p><blockquote>摩根士丹利（MS）、花旗集团和摩根大通（JPM）是该交易的牵头账簿管理人。</blockquote></p><p>Founded in 2015, TuSimple is looking to transform the $800 billion trucking industry. The San Diego company, which has plants in Tucson, Shanghai, and Beijing, in addition to operations in Japan, is developing an autonomous freight network for long-haul, semi-trucks that it says will increase efficiency and safety on the road, while cutting operating costs.</p><p><blockquote>图森未来成立于2015年，旨在改变价值8000亿美元的卡车运输业。这家圣地亚哥公司除了在日本开展业务外，还在图森、上海和北京设有工厂，正在为长途半挂卡车开发自动货运网络，据称这将提高道路效率和安全性，同时削减运营成本。</blockquote></p><p>TuSimple develops software for the Level 4 self-driving, long-haul trucks, which can see up to 1,000 meters away, equivalent to 30 seconds of driving time. High-definition maps provide accuracy within five centimeters.</p><p><blockquote>图森未来为4级自动驾驶长途卡车开发软件，可以看到1000米以外的地方，相当于30秒的驾驶时间。高清地图提供了五厘米以内的精度。</blockquote></p><p>The company is partnering withNavistar(NAV) to develop trucks for the North American market by 2024,its prospectus said. TuSimple has another partnership withVolkswagensubsidiary TRATON for trucks in Europe. Navistar, TRATON, and United Parcel Service (UPS) are all investors.</p><p><blockquote>招股说明书称，该公司正在与Navistar(NAV)合作，到2024年为北美市场开发卡车。图森未来与大众汽车子公司TRATON在欧洲建立了卡车合作伙伴关系。Navistar、TRATON和联合包裹服务公司(UPS)都是投资者。</blockquote></p><p>TuSimple has raised $800 million in funding, including a $350 million round in November led by VectoIQ.BlackRock(BR), Fidelity Management &amp; Research Co and Capital Group are in talks to buy up to 10.1 million TuSimple shares at the IPO price, the prospectus said.</p><p><blockquote>图森未来已筹集8亿美元资金，其中包括11月份由VectoIQ领投的3.5亿美元融资。招股说明书称，贝莱德(BR)、富达管理与研究公司和资本集团正在洽谈以IPO价格购买最多1010万股图森未来股票。</blockquote></p><p>The company will have 212,263,328 shares outstanding, meaning TuSimple’s market cap could climb to $8.3 billion. TuSimple, however, is not profitable. Losses widened to $177.9 million in 2020 from $84.9 million in 2019. Revenue jumped nearly 160% to $1.8 million in 2020.</p><p><blockquote>该公司将拥有212,263,328股已发行股票，这意味着图森未来的市值可能攀升至83亿美元。然而，图森未来并未盈利。亏损从2019年的8490万美元扩大至2020年的1.779亿美元。2020年收入增长近160%至180万美元。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/next-weeks-ipo-lineup-is-growing-it-could-be-busy-51617907448?mod=hp_LEAD_1_B_2\">barrons</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"APP":"AppLovin Corporation","ALKT":"Alkami Technology, Inc.","KRT":"Karat Packaging Inc.","COIN":"Coinbase Global, Inc."},"source_url":"https://www.barrons.com/articles/next-weeks-ipo-lineup-is-growing-it-could-be-busy-51617907448?mod=hp_LEAD_1_B_2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1168300924","content_text":"The second week of April is shaping up to be a relatively strong time for the IPO market. As many as four more companies are making their stock-market debuts, bringing the total to at least six.Coinbase, the largest U.S. cryptocurrency exchange,is slated to open for trading on Wednesday, April 14. Applovin and TuSimple are listing the next day, three people familiar with the situation said. Agilon Health ismaking its debut that Thursday.And Alkami Technology,a bank software company, and Karat Packaging, whichmakes environmentally-friendly disposable food service products, are also reportedly going public.This week, by way of contrast, two companies, Reneo Pharmaceuticals and VectivBio Holding, are listing. Both are small biotech companies that areslated to begin trading on the Nasdaq on Friday.Applovin on Wednesday set terms for its initial public offering. It is offering 25 million shares at $75 to $85 each, which means it could raise as much as $2.13 billion if the stock sells at the high end of that range. The company plans to trade on the Nasdaq under the symbol APP.Eighteen underwriters are listed in the Applovin prospectus, includingMorgan Stanley(ticker: MS),JPMorgan Chase(JPM),KKR, Bank of America‘s (BAC) BofA Securities, andCitigroup(C).Founded in 2012, Applovin provides software used by mobile-game developers to grow their businesses.  Some 410 million people a day open apps that contain Applovin software, according to the company. Applovin also has a portfolio of more than 200 free-to-play mobile games with 32 million daily users.In 2018, KKRbought a minority stakein Applovin for $400 million, valuing Applovin at $2 billion at the time. Applovin in February acquired Adjust, a firm that helps mobile-app developers measure the performance of apps and prevent fraud, for $1 billion. KKR will own 67.4% of the company after the IPO, theprospectus said.With 357,955,309 shares outstanding, Applovin’s market capitalization could hit $30 billion.TuSimple also set terms for its IPO. The self-driving technology company could raise as much as $1.3 billion; it is offering nearly 34 million shares at $35 to $39 each. It will trade on the Nasdaq under the ticker TSP.Morgan Stanley(MS),Citigroup,and J.P. Morgan (JPM) are lead bookrunners on the deal.Founded in 2015, TuSimple is looking to transform the $800 billion trucking industry. The San Diego company, which has plants in Tucson, Shanghai, and Beijing, in addition to operations in Japan, is developing an autonomous freight network for long-haul, semi-trucks that it says will increase efficiency and safety on the road, while cutting operating costs.TuSimple develops software for the Level 4 self-driving, long-haul trucks, which can see up to 1,000 meters away, equivalent to 30 seconds of driving time. High-definition maps provide accuracy within five centimeters.The company is partnering withNavistar(NAV) to develop trucks for the North American market by 2024,its prospectus said. TuSimple has another partnership withVolkswagensubsidiary TRATON for trucks in Europe. Navistar, TRATON, and United Parcel Service (UPS) are all investors.TuSimple has raised $800 million in funding, including a $350 million round in November led by VectoIQ.BlackRock(BR), Fidelity Management & Research Co and Capital Group are in talks to buy up to 10.1 million TuSimple shares at the IPO price, the prospectus said.The company will have 212,263,328 shares outstanding, meaning TuSimple’s market cap could climb to $8.3 billion. TuSimple, however, is not profitable. Losses widened to $177.9 million in 2020 from $84.9 million in 2019. Revenue jumped nearly 160% to $1.8 million in 2020.","news_type":1,"symbols_score_info":{"KRT":0.9,"VECT":0.9,"APP":0.9,"TSP":0.9,"RPHM":0.9,"ALKT":0.9,"COIN":0.9}},"isVote":1,"tweetType":1,"viewCount":1710,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":346992147,"gmtCreate":1617978454389,"gmtModify":1631891822542,"author":{"id":"3572685978072370","authorId":"3572685978072370","name":"JLYJ","avatar":"https://static.tigerbbs.com/de57572f1fa11e3decd397d6be51e2e6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572685978072370","authorIdStr":"3572685978072370"},"themes":[],"htmlText":"The demand is high but the production capacity is limited.","listText":"The demand is high but the production capacity is limited.","text":"The demand is high but the production capacity is limited.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/346992147","repostId":"1115040048","repostType":4,"repost":{"id":"1115040048","kind":"news","pubTimestamp":1617971898,"share":"https://www.laohu8.com/m/news/1115040048?lang=zh_CN&edition=full","pubTime":"2021-04-09 20:38","market":"hk","language":"en","title":"Why Semiconductors Are As Scarce As Gold<blockquote>为什么半导体像黄金一样稀缺</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1115040048","media":"Think","summary":"A shortage of semiconductors is a continuing and major issue.The squeezed market is forcing manufacturers to slow down, weighing on recovery.And ongoing strong demand keeps the pressure on.Computer chips are in short supply due to a sudden spike in demand linked to Covid-19. This demand shock is primarily caused by consumers who can't splash the cash on services such as restaurants and travel and who are now spending more on consumer electronics. The strong demand for home office equipment and f","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>A shortage of semiconductors is a continuing and major issue.</li>  <li>The squeezed market is forcing manufacturers to slow down, weighing on recovery.</li>  <li>And ongoing strong demand keeps the pressure on.</li>  <li>A&nbsp;ramp-up of capital investment&nbsp;to boost production capacity helps, but it's going to take time before demand and supply are structurally in sync again.</li> </ul> <b>Demand and supply shocks squeeze chip markets</b></p><p><blockquote><ul><li>半导体短缺是一个持续的重大问题。</li><li>受挤压的市场迫使制造商放慢脚步，拖累复苏。</li><li>持续强劲的需求使压力持续存在。</li><li>增加资本投资以提高产能会有所帮助，但需求和供应在结构上再次同步还需要时间。</li></ul><b>供需冲击挤压芯片市场</b></blockquote></p><p> Computer chips are in short supply due to a sudden spike in demand linked to Covid-19. This demand shock is primarily caused by consumers who can't splash the cash on services such as restaurants and travel and who are now spending more on consumer electronics. The strong demand for home office equipment and faster-than-expected recovery from other sectors are also not helping.</p><p><blockquote>由于与新冠肺炎相关的需求突然激增，计算机芯片供应短缺。这种需求冲击主要是由消费者造成的，他们无法在餐馆和旅游等服务上花钱，现在在消费电子产品上花费更多。对家庭办公设备的强劲需求和其他行业快于预期的复苏也于事无补。</blockquote></p><p> On top of that, 5G cellular networks are rolling out and there's a subsequent rise in demand for new compatible smartphones. While most semiconductor factories operate at maximum capacity, breakdowns at four Texas facilities due to extreme cold and a fire at a Renesas Naka factory north of Tokyo worsened the situation going into the second quarter.</p><p><blockquote>最重要的是，5G蜂窝网络正在推出，随之而来的是对新型兼容智能手机的需求上升。虽然大多数半导体工厂都在以最大产能运营，但德克萨斯州的四家工厂因极端寒冷而发生故障，以及东京北部的瑞萨纳卡工厂发生火灾，使第二季度的情况更加恶化。</blockquote></p><p> Suppliers of game consoles and smartphones are having real trouble meeting the demand for their products due to the semiconductor shortage. You can also see it in the automotive industry, where there've been production cuts and planned interruptions.</p><p><blockquote>由于半导体短缺，游戏机和智能手机供应商在满足其产品需求方面遇到了真正的困难。你也可以在汽车行业看到这一点，那里出现了减产和计划中断。</blockquote></p><p> <b>Structural demand for chips is growing rapidly</b></p><p><blockquote><b>芯片结构性需求快速增长</b></blockquote></p><p> Although part of this demand shock is temporary, there's a structural dimension to rapidly expanding semiconductor usage. The market is expected to grow by double digits again in 2021, according to IC Insights. Many devices that used to be completely analogue are now digital and supported by integrated circuits. For example, smart thermostats or light bulbs compatible with home systems contain significant computational power to support their functionality as well as digital connectivity.</p><p><blockquote>尽管这种需求冲击部分是暂时的，但半导体使用的快速扩大存在结构性层面。根据IC Insights的数据，该市场预计将在2021年再次以两位数增长。许多过去完全模拟的设备现在都是数字化的，并由集成电路支持。例如，与家庭系统兼容的智能恒温器或灯泡包含强大的计算能力，以支持其功能以及数字连接。</blockquote></p><p> Cars and trucks also require an increasing number of semiconductors, thanks to the extension of integrated Advanced Driving Assistance Systems (ADAS) and board computers. The rise in the production of electric vehicles and future steps in autonomous driving will push demand up still further.</p><p><blockquote>由于集成式高级驾驶辅助系统（ADAS）和车载计算机的扩展，汽车和卡车也需要越来越多的半导体。电动汽车产量的增长和自动驾驶的未来举措将进一步推高需求。</blockquote></p><p> <b>Supply issues may spill into 2022</b></p><p><blockquote><b>供应问题可能会蔓延到2022年</b></blockquote></p><p> Current lead times for chips can be as long as 26 weeks and up to a year for some specific variants. Recent incidents at facilities in the US and Japan put the lead times further under pressure. Despite significant planned investments in semiconductor production facilities, capacity will remain scarce well into the second half of 2021. Even if the acute shortage is resolved in the second half of the year, semi-conductor manufacturing lines will remain operating at near-full capacity in the coming years, making the industry sensitive to future supply shocks.</p><p><blockquote>目前芯片的交付周期可能长达26周，对于一些特定的变体，可能长达一年。美国和日本工厂最近发生的事件进一步给交货时间带来了压力。尽管计划对半导体生产设施进行大量投资，但到2021年下半年，产能仍将稀缺。即使严重的短缺问题在下半年得到解决，半导体生产线在未来几年仍将保持接近满负荷运行，这使得该行业对未来的供应冲击非常敏感。</blockquote></p><p> <b>Capital investment boost will raise capacity, but this takes time</b></p><p><blockquote><b>资本投资的增加将提高产能，但这需要时间</b></blockquote></p><p> In order to meet growing demand, chipmakers started to ramp up investments. The Taiwanese company, TSMC (TSM), is boosting capital expenditure from USD17 billion in 2020 to USD28 billion in 2021. On top of that, the company plans to invest still more, to the tune of some USD100 billion in the next three years, to grow capacity.</p><p><blockquote>为了满足不断增长的需求，芯片制造商开始加大投资。台湾公司台积电(TSM)将资本支出从2020年的170亿美元增加到2021年的280亿美元。除此之外，该公司计划在未来三年内投资更多，达到约1000亿美元，以扩大产能。</blockquote></p><p> Samsung (SSNLF) also plans to increase semiconductor-related capital expenditure by 20%, up to USD31 billion this year, and announced there’s more to follow. Although these soaring investments will let supply catch up, this takes time and won’t bring much relief this year. Remember, chip production machines have long lead times. In the meantime, we notice that chip manufactures are ending volume discounts and some are also raising prices.</p><p><blockquote>三星(SSNLF)还计划今年将半导体相关资本支出增加20%，达到310亿美元，并宣布后续还会有更多资本支出。尽管这些飙升的投资会让供应迎头赶上，但这需要时间，今年不会带来太多缓解。请记住，芯片生产机器的交货时间很长。与此同时，我们注意到芯片制造商正在结束批量折扣，一些制造商也在提高价格。</blockquote></p><p> The science bit</p><p><blockquote>科学位</blockquote></p><p></p><p> <ul>  <li>Chip production starts with wafers. A wafer (slice of semiconductor) acts as a substrate for microelectronic devices. Many so-called integrated circuits are printed on 200mm silicon wafers, being provided by silicon producers. Since the introduction of 300mm wafers in 2002, 200mm wafers were expected to phase out. Therefore, most investments in production capacity have been directed to production lines based on 300mm wafers.</li>  <li>However, 200mm wafer-based production is technologically mature, offering relatively low development and production costs and very stable manufacturing processes. Therefore, many of the less-complex chips, such as sensors and transmitters and the more basic processing units, are still being developed based on this 200mm technology.</li>  <li>The rise of smart devices and the Internet of Things (IoT) causes an unanticipated rise in demand for 200mm production capacity, contributing to the shortage. Although fresh 200mm capacity is coming available in 2021, foundries may be a bit reluctant to invest in this slightly dated technology, since 300mm wafer-based production is still expected to take over once production costs are sufficiently low.</li>  <li>This means that supply is expected to remain weak compared to demand.</li> </ul> <b>Most wafer production capacity concentrated in Asia</b></p><p><blockquote><ul><li>芯片生产从晶圆开始。晶片（半导体切片）用作微电子器件的衬底。许多所谓的集成电路印刷在200毫米的硅片上，由硅生产商提供。自2002年推出300mm晶圆以来，预计200mm晶圆将逐步淘汰。因此，大部分产能投资都投向了基于300mm晶圆的产线。</li><li>然而，基于200mm晶圆的生产技术成熟，开发和生产成本相对较低，制造工艺非常稳定。因此，许多不太复杂的芯片，如传感器和发射器以及更基本的处理单元，仍然基于这种200mm技术进行开发。</li><li>智能设备和物联网(IoT)的兴起导致对200mm产能的需求意外增加，从而导致短缺。尽管新的200毫米产能将于2021年推出，但代工厂可能有点不愿意投资这种略显过时的技术，因为一旦生产成本足够低，基于300毫米晶圆的生产仍有望接管。</li><li>这意味着与需求相比，供应预计将保持疲软。</li></ul><b>大部分晶圆产能集中在亚洲</b></blockquote></p><p> Manufacturers of electronic devices generally outsource their semiconductor production partially to large so-called foundries such as TSMC, which produce wafers for third parties. Most installed wafer capacity (the capacity to process blank silicon wafers into chips) is based in Taiwan and South Korea. China and Japan also represent a significant share. Altogether 70-75% of supply is sourced from Asia.</p><p><blockquote>电子设备制造商通常将半导体生产部分外包给台积电等大型所谓代工厂，这些代工厂为第三方生产晶圆。大多数已安装的硅片产能（将空白硅片加工成芯片的产能）位于台湾和韩国。中国和日本也占了很大的份额。总共70-75%的供应来自亚洲。</blockquote></p><p> Only a small portion is produced in Europe, making the continent dependent and sensitive to delivery issues. That’s why the EU aims to create more capacity in its own region, and the US also intends to ramp up chip production as part of President Biden’s recently announced stimulus plan.</p><p><blockquote>只有一小部分是在欧洲生产的，这使得欧洲大陆对交付问题依赖和敏感。这就是为什么欧盟的目标是在自己的地区创造更多产能，美国也打算提高芯片产量，作为拜登总统最近宣布的刺激计划的一部分。</blockquote></p><p> <b>Share of installed wafer capacity per region</b></p><p><blockquote><b>各地区晶圆装机量份额</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8b76d46b89e8aaf9673bfc593bdfd8d8\" tg-width=\"476\" tg-height=\"219\"><span>Source: Bain &amp; Company, ING Research</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：贝恩公司、荷兰国际集团研究部</span></p></blockquote></p><p> <b>Consumer electronics uses almost 75% of chip supplies</b></p><p><blockquote><b>消费电子产品使用了近75%的芯片供应</b></blockquote></p><p> In a digitalising world with fast-growing data volumes, various production sectors are increasingly dependent on chip supplies. Manufacturers of laptops and smartphones are obviously the largest consumers of chips, taking almost 75% of the pie. The remainder is delivered to the automotive sector, other manufacturers and infrastructure purposes. However, as we've just mentioned, with objects being increasingly connected and with more intelligence being built in, demand for semiconductors from all sides is on the rise.</p><p><blockquote>在数据量快速增长的数字化世界中，各个生产部门越来越依赖芯片供应。笔记本电脑和智能手机制造商显然是芯片的最大消费者，几乎占据了75%的份额。其余部分交付给汽车行业、其他制造商和基础设施用途。然而，正如我们刚才提到的，随着物体的日益连接和更多智能的内置，各方对半导体的需求都在上升。</blockquote></p><p> <b>Consumer electronics by far the largest chip user</b></p><p><blockquote><b>消费电子是迄今为止最大的芯片用户</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/dfb51ca713018ea1885614dd617a09bf\" tg-width=\"476\" tg-height=\"219\"><span>Source: IC Insights, figures Dec. 2020 (300mm), Dec. 2019 (200mm)</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：IC Insights，2020年12月（300毫米）、2019年12月（200毫米）数据</span></p></blockquote></p><p> <b>Automotive production takes a hit around the globe</b></p><p><blockquote><b>全球汽车生产受到打击</b></blockquote></p><p> The automotive industry has been especially hit hard by the semiconductor shortage. This is partly due to the common just-in-time manufacturing strategy. When automotive production was down 40% in the early days of the pandemic, many orders for car parts including semiconductors were cancelled. As demand for semiconductors recovered more quickly than expected, the spare production capacity has been allocated away from clients in the industry.</p><p><blockquote>汽车行业受到半导体短缺的打击尤其严重。这部分是由于常见的准时制制造策略。当疫情初期汽车产量下降40%时，包括半导体在内的许多汽车零部件订单被取消。由于半导体需求恢复速度快于预期，闲置产能已从业内客户手中分配出去。</blockquote></p><p> Carmakers seem to have overestimated availability. In the second half of 2020, manufacturers were struggling to get their hands on semiconductors Consequently, these manufacturers cut or suspended production at sites worldwide for short periods.</p><p><blockquote>汽车制造商似乎高估了可用性。2020年下半年，制造商正在努力获得半导体，因此，这些制造商在全球范围内短期削减或暂停生产。</blockquote></p><p> <b>Global car production at lower levels in 1Q 2021</b></p><p><blockquote><b>2021年第一季度全球汽车产量较低</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/06ea47f72759ffb19c1896c47ec353e8\" tg-width=\"476\" tg-height=\"219\"><span>Source: IHS Markit</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：IHS Markit</span></p></blockquote></p><p> <b>Continuing chip shortage limits car production recovery in 2021</b></p><p><blockquote><b>芯片持续短缺限制2021年汽车产量复苏</b></blockquote></p><p> Chip shortages led to around a million fewer cars being produced in the first quarter of 2021, according to IHS Market; that's some 5% of total production, and there were fewer cars being made than in the previous quarter. Compared with last year, global production is starting to recovery, but it's not easy to keep up with demand due to supply issues. Order books are full and lead times for new cars are up. We still expect global new car registrations to bounce back moderately, but recovery is expected to remain limited and we'll see just a few percentage points rise.</p><p><blockquote>根据IHS Market的数据，芯片短缺导致2021年第一季度汽车产量减少约100万辆；这约占总产量的5%，而且汽车产量比上一季度有所减少。与去年相比，全球产量开始恢复，但由于供应问题，要跟上需求并不容易。订单已满，新车的交货时间也延长了。我们仍然预计全球新车注册量将温和反弹，但复苏预计仍然有限，我们只会看到几个百分点的上升。</blockquote></p><p> <b>Shortages add to disruptions felt by manufacturing countries</b></p><p><blockquote><b>短缺加剧了制造国感受到的干扰</b></blockquote></p><p></p><p> In terms of impact, the disruption will be felt most in countries with a relatively large dependence on automotive manufacturing, such as Germany. Due to the popularity of lean manufacturing among automotive companies, production cuts will also be felt by automotive parts suppliers.</p><p><blockquote>就影响而言，对汽车制造业依赖度相对较大的国家，如德国，将感受到最大的破坏。由于精益制造在汽车企业中的普及，汽车零部件供应商也会感受到减产。</blockquote></p><p> Consumer electronics companies are also facing supply chain issues resulting from the semiconductor shortage, which will hit the likes of South Korea. However, this is partly a result of the strong performance of the historically high demand for consumer electronics. Compared to car makers, they seem to be in a better contractual position. Nevertheless, the industry would surely perform even better without the capacity constraints it's facing.</p><p><blockquote>消费电子公司还面临半导体短缺导致的供应链问题，这将打击韩国等国家。然而，这在一定程度上是消费电子产品历史高位需求的强劲表现的结果。与汽车制造商相比，他们似乎处于更好的合同地位。尽管如此，如果没有面临产能限制，该行业肯定会表现得更好。</blockquote></p><p></p>","source":"lsy1617971836454","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 Semiconductors Are As Scarce As Gold<blockquote>为什么半导体像黄金一样稀缺</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 Semiconductors Are As Scarce As Gold<blockquote>为什么半导体像黄金一样稀缺</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Think</strong><span class=\"h-time small\">2021-04-09 20:38</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>A shortage of semiconductors is a continuing and major issue.</li>  <li>The squeezed market is forcing manufacturers to slow down, weighing on recovery.</li>  <li>And ongoing strong demand keeps the pressure on.</li>  <li>A&nbsp;ramp-up of capital investment&nbsp;to boost production capacity helps, but it's going to take time before demand and supply are structurally in sync again.</li> </ul> <b>Demand and supply shocks squeeze chip markets</b></p><p><blockquote><ul><li>半导体短缺是一个持续的重大问题。</li><li>受挤压的市场迫使制造商放慢脚步，拖累复苏。</li><li>持续强劲的需求使压力持续存在。</li><li>增加资本投资以提高产能会有所帮助，但需求和供应在结构上再次同步还需要时间。</li></ul><b>供需冲击挤压芯片市场</b></blockquote></p><p> Computer chips are in short supply due to a sudden spike in demand linked to Covid-19. This demand shock is primarily caused by consumers who can't splash the cash on services such as restaurants and travel and who are now spending more on consumer electronics. The strong demand for home office equipment and faster-than-expected recovery from other sectors are also not helping.</p><p><blockquote>由于与新冠肺炎相关的需求突然激增，计算机芯片供应短缺。这种需求冲击主要是由消费者造成的，他们无法在餐馆和旅游等服务上花钱，现在在消费电子产品上花费更多。对家庭办公设备的强劲需求和其他行业快于预期的复苏也于事无补。</blockquote></p><p> On top of that, 5G cellular networks are rolling out and there's a subsequent rise in demand for new compatible smartphones. While most semiconductor factories operate at maximum capacity, breakdowns at four Texas facilities due to extreme cold and a fire at a Renesas Naka factory north of Tokyo worsened the situation going into the second quarter.</p><p><blockquote>最重要的是，5G蜂窝网络正在推出，随之而来的是对新型兼容智能手机的需求上升。虽然大多数半导体工厂都在以最大产能运营，但德克萨斯州的四家工厂因极端寒冷而发生故障，以及东京北部的瑞萨纳卡工厂发生火灾，使第二季度的情况更加恶化。</blockquote></p><p> Suppliers of game consoles and smartphones are having real trouble meeting the demand for their products due to the semiconductor shortage. You can also see it in the automotive industry, where there've been production cuts and planned interruptions.</p><p><blockquote>由于半导体短缺，游戏机和智能手机供应商在满足其产品需求方面遇到了真正的困难。你也可以在汽车行业看到这一点，那里出现了减产和计划中断。</blockquote></p><p> <b>Structural demand for chips is growing rapidly</b></p><p><blockquote><b>芯片结构性需求快速增长</b></blockquote></p><p> Although part of this demand shock is temporary, there's a structural dimension to rapidly expanding semiconductor usage. The market is expected to grow by double digits again in 2021, according to IC Insights. Many devices that used to be completely analogue are now digital and supported by integrated circuits. For example, smart thermostats or light bulbs compatible with home systems contain significant computational power to support their functionality as well as digital connectivity.</p><p><blockquote>尽管这种需求冲击部分是暂时的，但半导体使用的快速扩大存在结构性层面。根据IC Insights的数据，该市场预计将在2021年再次以两位数增长。许多过去完全模拟的设备现在都是数字化的，并由集成电路支持。例如，与家庭系统兼容的智能恒温器或灯泡包含强大的计算能力，以支持其功能以及数字连接。</blockquote></p><p> Cars and trucks also require an increasing number of semiconductors, thanks to the extension of integrated Advanced Driving Assistance Systems (ADAS) and board computers. The rise in the production of electric vehicles and future steps in autonomous driving will push demand up still further.</p><p><blockquote>由于集成式高级驾驶辅助系统（ADAS）和车载计算机的扩展，汽车和卡车也需要越来越多的半导体。电动汽车产量的增长和自动驾驶的未来举措将进一步推高需求。</blockquote></p><p> <b>Supply issues may spill into 2022</b></p><p><blockquote><b>供应问题可能会蔓延到2022年</b></blockquote></p><p> Current lead times for chips can be as long as 26 weeks and up to a year for some specific variants. Recent incidents at facilities in the US and Japan put the lead times further under pressure. Despite significant planned investments in semiconductor production facilities, capacity will remain scarce well into the second half of 2021. Even if the acute shortage is resolved in the second half of the year, semi-conductor manufacturing lines will remain operating at near-full capacity in the coming years, making the industry sensitive to future supply shocks.</p><p><blockquote>目前芯片的交付周期可能长达26周，对于一些特定的变体，可能长达一年。美国和日本工厂最近发生的事件进一步给交货时间带来了压力。尽管计划对半导体生产设施进行大量投资，但到2021年下半年，产能仍将稀缺。即使严重的短缺问题在下半年得到解决，半导体生产线在未来几年仍将保持接近满负荷运行，这使得该行业对未来的供应冲击非常敏感。</blockquote></p><p> <b>Capital investment boost will raise capacity, but this takes time</b></p><p><blockquote><b>资本投资的增加将提高产能，但这需要时间</b></blockquote></p><p> In order to meet growing demand, chipmakers started to ramp up investments. The Taiwanese company, TSMC (TSM), is boosting capital expenditure from USD17 billion in 2020 to USD28 billion in 2021. On top of that, the company plans to invest still more, to the tune of some USD100 billion in the next three years, to grow capacity.</p><p><blockquote>为了满足不断增长的需求，芯片制造商开始加大投资。台湾公司台积电(TSM)将资本支出从2020年的170亿美元增加到2021年的280亿美元。除此之外，该公司计划在未来三年内投资更多，达到约1000亿美元，以扩大产能。</blockquote></p><p> Samsung (SSNLF) also plans to increase semiconductor-related capital expenditure by 20%, up to USD31 billion this year, and announced there’s more to follow. Although these soaring investments will let supply catch up, this takes time and won’t bring much relief this year. Remember, chip production machines have long lead times. In the meantime, we notice that chip manufactures are ending volume discounts and some are also raising prices.</p><p><blockquote>三星(SSNLF)还计划今年将半导体相关资本支出增加20%，达到310亿美元，并宣布后续还会有更多资本支出。尽管这些飙升的投资会让供应迎头赶上，但这需要时间，今年不会带来太多缓解。请记住，芯片生产机器的交货时间很长。与此同时，我们注意到芯片制造商正在结束批量折扣，一些制造商也在提高价格。</blockquote></p><p> The science bit</p><p><blockquote>科学位</blockquote></p><p></p><p> <ul>  <li>Chip production starts with wafers. A wafer (slice of semiconductor) acts as a substrate for microelectronic devices. Many so-called integrated circuits are printed on 200mm silicon wafers, being provided by silicon producers. Since the introduction of 300mm wafers in 2002, 200mm wafers were expected to phase out. Therefore, most investments in production capacity have been directed to production lines based on 300mm wafers.</li>  <li>However, 200mm wafer-based production is technologically mature, offering relatively low development and production costs and very stable manufacturing processes. Therefore, many of the less-complex chips, such as sensors and transmitters and the more basic processing units, are still being developed based on this 200mm technology.</li>  <li>The rise of smart devices and the Internet of Things (IoT) causes an unanticipated rise in demand for 200mm production capacity, contributing to the shortage. Although fresh 200mm capacity is coming available in 2021, foundries may be a bit reluctant to invest in this slightly dated technology, since 300mm wafer-based production is still expected to take over once production costs are sufficiently low.</li>  <li>This means that supply is expected to remain weak compared to demand.</li> </ul> <b>Most wafer production capacity concentrated in Asia</b></p><p><blockquote><ul><li>芯片生产从晶圆开始。晶片（半导体切片）用作微电子器件的衬底。许多所谓的集成电路印刷在200毫米的硅片上，由硅生产商提供。自2002年推出300mm晶圆以来，预计200mm晶圆将逐步淘汰。因此，大部分产能投资都投向了基于300mm晶圆的产线。</li><li>然而，基于200mm晶圆的生产技术成熟，开发和生产成本相对较低，制造工艺非常稳定。因此，许多不太复杂的芯片，如传感器和发射器以及更基本的处理单元，仍然基于这种200mm技术进行开发。</li><li>智能设备和物联网(IoT)的兴起导致对200mm产能的需求意外增加，从而导致短缺。尽管新的200毫米产能将于2021年推出，但代工厂可能有点不愿意投资这种略显过时的技术，因为一旦生产成本足够低，基于300毫米晶圆的生产仍有望接管。</li><li>这意味着与需求相比，供应预计将保持疲软。</li></ul><b>大部分晶圆产能集中在亚洲</b></blockquote></p><p> Manufacturers of electronic devices generally outsource their semiconductor production partially to large so-called foundries such as TSMC, which produce wafers for third parties. Most installed wafer capacity (the capacity to process blank silicon wafers into chips) is based in Taiwan and South Korea. China and Japan also represent a significant share. Altogether 70-75% of supply is sourced from Asia.</p><p><blockquote>电子设备制造商通常将半导体生产部分外包给台积电等大型所谓代工厂，这些代工厂为第三方生产晶圆。大多数已安装的硅片产能（将空白硅片加工成芯片的产能）位于台湾和韩国。中国和日本也占了很大的份额。总共70-75%的供应来自亚洲。</blockquote></p><p> Only a small portion is produced in Europe, making the continent dependent and sensitive to delivery issues. That’s why the EU aims to create more capacity in its own region, and the US also intends to ramp up chip production as part of President Biden’s recently announced stimulus plan.</p><p><blockquote>只有一小部分是在欧洲生产的，这使得欧洲大陆对交付问题依赖和敏感。这就是为什么欧盟的目标是在自己的地区创造更多产能，美国也打算提高芯片产量，作为拜登总统最近宣布的刺激计划的一部分。</blockquote></p><p> <b>Share of installed wafer capacity per region</b></p><p><blockquote><b>各地区晶圆装机量份额</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8b76d46b89e8aaf9673bfc593bdfd8d8\" tg-width=\"476\" tg-height=\"219\"><span>Source: Bain &amp; Company, ING Research</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：贝恩公司、荷兰国际集团研究部</span></p></blockquote></p><p> <b>Consumer electronics uses almost 75% of chip supplies</b></p><p><blockquote><b>消费电子产品使用了近75%的芯片供应</b></blockquote></p><p> In a digitalising world with fast-growing data volumes, various production sectors are increasingly dependent on chip supplies. Manufacturers of laptops and smartphones are obviously the largest consumers of chips, taking almost 75% of the pie. The remainder is delivered to the automotive sector, other manufacturers and infrastructure purposes. However, as we've just mentioned, with objects being increasingly connected and with more intelligence being built in, demand for semiconductors from all sides is on the rise.</p><p><blockquote>在数据量快速增长的数字化世界中，各个生产部门越来越依赖芯片供应。笔记本电脑和智能手机制造商显然是芯片的最大消费者，几乎占据了75%的份额。其余部分交付给汽车行业、其他制造商和基础设施用途。然而，正如我们刚才提到的，随着物体的日益连接和更多智能的内置，各方对半导体的需求都在上升。</blockquote></p><p> <b>Consumer electronics by far the largest chip user</b></p><p><blockquote><b>消费电子是迄今为止最大的芯片用户</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/dfb51ca713018ea1885614dd617a09bf\" tg-width=\"476\" tg-height=\"219\"><span>Source: IC Insights, figures Dec. 2020 (300mm), Dec. 2019 (200mm)</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：IC Insights，2020年12月（300毫米）、2019年12月（200毫米）数据</span></p></blockquote></p><p> <b>Automotive production takes a hit around the globe</b></p><p><blockquote><b>全球汽车生产受到打击</b></blockquote></p><p> The automotive industry has been especially hit hard by the semiconductor shortage. This is partly due to the common just-in-time manufacturing strategy. When automotive production was down 40% in the early days of the pandemic, many orders for car parts including semiconductors were cancelled. As demand for semiconductors recovered more quickly than expected, the spare production capacity has been allocated away from clients in the industry.</p><p><blockquote>汽车行业受到半导体短缺的打击尤其严重。这部分是由于常见的准时制制造策略。当疫情初期汽车产量下降40%时，包括半导体在内的许多汽车零部件订单被取消。由于半导体需求恢复速度快于预期，闲置产能已从业内客户手中分配出去。</blockquote></p><p> Carmakers seem to have overestimated availability. In the second half of 2020, manufacturers were struggling to get their hands on semiconductors Consequently, these manufacturers cut or suspended production at sites worldwide for short periods.</p><p><blockquote>汽车制造商似乎高估了可用性。2020年下半年，制造商正在努力获得半导体，因此，这些制造商在全球范围内短期削减或暂停生产。</blockquote></p><p> <b>Global car production at lower levels in 1Q 2021</b></p><p><blockquote><b>2021年第一季度全球汽车产量较低</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/06ea47f72759ffb19c1896c47ec353e8\" tg-width=\"476\" tg-height=\"219\"><span>Source: IHS Markit</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：IHS Markit</span></p></blockquote></p><p> <b>Continuing chip shortage limits car production recovery in 2021</b></p><p><blockquote><b>芯片持续短缺限制2021年汽车产量复苏</b></blockquote></p><p> Chip shortages led to around a million fewer cars being produced in the first quarter of 2021, according to IHS Market; that's some 5% of total production, and there were fewer cars being made than in the previous quarter. Compared with last year, global production is starting to recovery, but it's not easy to keep up with demand due to supply issues. Order books are full and lead times for new cars are up. We still expect global new car registrations to bounce back moderately, but recovery is expected to remain limited and we'll see just a few percentage points rise.</p><p><blockquote>根据IHS Market的数据，芯片短缺导致2021年第一季度汽车产量减少约100万辆；这约占总产量的5%，而且汽车产量比上一季度有所减少。与去年相比，全球产量开始恢复，但由于供应问题，要跟上需求并不容易。订单已满，新车的交货时间也延长了。我们仍然预计全球新车注册量将温和反弹，但复苏预计仍然有限，我们只会看到几个百分点的上升。</blockquote></p><p> <b>Shortages add to disruptions felt by manufacturing countries</b></p><p><blockquote><b>短缺加剧了制造国感受到的干扰</b></blockquote></p><p></p><p> In terms of impact, the disruption will be felt most in countries with a relatively large dependence on automotive manufacturing, such as Germany. Due to the popularity of lean manufacturing among automotive companies, production cuts will also be felt by automotive parts suppliers.</p><p><blockquote>就影响而言，对汽车制造业依赖度相对较大的国家，如德国，将感受到最大的破坏。由于精益制造在汽车企业中的普及，汽车零部件供应商也会感受到减产。</blockquote></p><p> Consumer electronics companies are also facing supply chain issues resulting from the semiconductor shortage, which will hit the likes of South Korea. However, this is partly a result of the strong performance of the historically high demand for consumer electronics. Compared to car makers, they seem to be in a better contractual position. Nevertheless, the industry would surely perform even better without the capacity constraints it's facing.</p><p><blockquote>消费电子公司还面临半导体短缺导致的供应链问题，这将打击韩国等国家。然而，这在一定程度上是消费电子产品历史高位需求的强劲表现的结果。与汽车制造商相比，他们似乎处于更好的合同地位。尽管如此，如果没有面临产能限制，该行业肯定会表现得更好。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://think.ing.com/articles/why-semiconductors-have-become-scarce-as-gold\">Think</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":{"688981":"中芯国际","INTC":"英特尔","SSNLF":"三星电子","TSM":"台积电","QCOM":"高通",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","00981":"中芯国际","AMD":"美国超微公司",".DJI":"道琼斯"},"source_url":"https://think.ing.com/articles/why-semiconductors-have-become-scarce-as-gold","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1115040048","content_text":"Summary\n\nA shortage of semiconductors is a continuing and major issue.\nThe squeezed market is forcing manufacturers to slow down, weighing on recovery.\nAnd ongoing strong demand keeps the pressure on.\nA ramp-up of capital investment to boost production capacity helps, but it's going to take time before demand and supply are structurally in sync again.\n\nDemand and supply shocks squeeze chip markets\nComputer chips are in short supply due to a sudden spike in demand linked to Covid-19. This demand shock is primarily caused by consumers who can't splash the cash on services such as restaurants and travel and who are now spending more on consumer electronics. The strong demand for home office equipment and faster-than-expected recovery from other sectors are also not helping.\nOn top of that, 5G cellular networks are rolling out and there's a subsequent rise in demand for new compatible smartphones. While most semiconductor factories operate at maximum capacity, breakdowns at four Texas facilities due to extreme cold and a fire at a Renesas Naka factory north of Tokyo worsened the situation going into the second quarter.\nSuppliers of game consoles and smartphones are having real trouble meeting the demand for their products due to the semiconductor shortage. You can also see it in the automotive industry, where there've been production cuts and planned interruptions.\nStructural demand for chips is growing rapidly\nAlthough part of this demand shock is temporary, there's a structural dimension to rapidly expanding semiconductor usage. The market is expected to grow by double digits again in 2021, according to IC Insights. Many devices that used to be completely analogue are now digital and supported by integrated circuits. For example, smart thermostats or light bulbs compatible with home systems contain significant computational power to support their functionality as well as digital connectivity.\nCars and trucks also require an increasing number of semiconductors, thanks to the extension of integrated Advanced Driving Assistance Systems (ADAS) and board computers. The rise in the production of electric vehicles and future steps in autonomous driving will push demand up still further.\nSupply issues may spill into 2022\nCurrent lead times for chips can be as long as 26 weeks and up to a year for some specific variants. Recent incidents at facilities in the US and Japan put the lead times further under pressure. Despite significant planned investments in semiconductor production facilities, capacity will remain scarce well into the second half of 2021. Even if the acute shortage is resolved in the second half of the year, semi-conductor manufacturing lines will remain operating at near-full capacity in the coming years, making the industry sensitive to future supply shocks.\nCapital investment boost will raise capacity, but this takes time\nIn order to meet growing demand, chipmakers started to ramp up investments. The Taiwanese company, TSMC (TSM), is boosting capital expenditure from USD17 billion in 2020 to USD28 billion in 2021. On top of that, the company plans to invest still more, to the tune of some USD100 billion in the next three years, to grow capacity.\nSamsung (SSNLF) also plans to increase semiconductor-related capital expenditure by 20%, up to USD31 billion this year, and announced there’s more to follow. Although these soaring investments will let supply catch up, this takes time and won’t bring much relief this year. Remember, chip production machines have long lead times. In the meantime, we notice that chip manufactures are ending volume discounts and some are also raising prices.\nThe science bit\n\nChip production starts with wafers. A wafer (slice of semiconductor) acts as a substrate for microelectronic devices. Many so-called integrated circuits are printed on 200mm silicon wafers, being provided by silicon producers. Since the introduction of 300mm wafers in 2002, 200mm wafers were expected to phase out. Therefore, most investments in production capacity have been directed to production lines based on 300mm wafers.\nHowever, 200mm wafer-based production is technologically mature, offering relatively low development and production costs and very stable manufacturing processes. Therefore, many of the less-complex chips, such as sensors and transmitters and the more basic processing units, are still being developed based on this 200mm technology.\nThe rise of smart devices and the Internet of Things (IoT) causes an unanticipated rise in demand for 200mm production capacity, contributing to the shortage. Although fresh 200mm capacity is coming available in 2021, foundries may be a bit reluctant to invest in this slightly dated technology, since 300mm wafer-based production is still expected to take over once production costs are sufficiently low.\nThis means that supply is expected to remain weak compared to demand.\n\nMost wafer production capacity concentrated in Asia\nManufacturers of electronic devices generally outsource their semiconductor production partially to large so-called foundries such as TSMC, which produce wafers for third parties. Most installed wafer capacity (the capacity to process blank silicon wafers into chips) is based in Taiwan and South Korea. China and Japan also represent a significant share. Altogether 70-75% of supply is sourced from Asia.\nOnly a small portion is produced in Europe, making the continent dependent and sensitive to delivery issues. That’s why the EU aims to create more capacity in its own region, and the US also intends to ramp up chip production as part of President Biden’s recently announced stimulus plan.\nShare of installed wafer capacity per region\nSource: Bain & Company, ING Research\nConsumer electronics uses almost 75% of chip supplies\nIn a digitalising world with fast-growing data volumes, various production sectors are increasingly dependent on chip supplies. Manufacturers of laptops and smartphones are obviously the largest consumers of chips, taking almost 75% of the pie. The remainder is delivered to the automotive sector, other manufacturers and infrastructure purposes. However, as we've just mentioned, with objects being increasingly connected and with more intelligence being built in, demand for semiconductors from all sides is on the rise.\nConsumer electronics by far the largest chip user\nSource: IC Insights, figures Dec. 2020 (300mm), Dec. 2019 (200mm)\nAutomotive production takes a hit around the globe\nThe automotive industry has been especially hit hard by the semiconductor shortage. This is partly due to the common just-in-time manufacturing strategy. When automotive production was down 40% in the early days of the pandemic, many orders for car parts including semiconductors were cancelled. As demand for semiconductors recovered more quickly than expected, the spare production capacity has been allocated away from clients in the industry.\nCarmakers seem to have overestimated availability. In the second half of 2020, manufacturers were struggling to get their hands on semiconductors Consequently, these manufacturers cut or suspended production at sites worldwide for short periods.\nGlobal car production at lower levels in 1Q 2021\nSource: IHS Markit\nContinuing chip shortage limits car production recovery in 2021\nChip shortages led to around a million fewer cars being produced in the first quarter of 2021, according to IHS Market; that's some 5% of total production, and there were fewer cars being made than in the previous quarter. Compared with last year, global production is starting to recovery, but it's not easy to keep up with demand due to supply issues. Order books are full and lead times for new cars are up. We still expect global new car registrations to bounce back moderately, but recovery is expected to remain limited and we'll see just a few percentage points rise.\nShortages add to disruptions felt by manufacturing countries\nIn terms of impact, the disruption will be felt most in countries with a relatively large dependence on automotive manufacturing, such as Germany. Due to the popularity of lean manufacturing among automotive companies, production cuts will also be felt by automotive parts suppliers.\nConsumer electronics companies are also facing supply chain issues resulting from the semiconductor shortage, which will hit the likes of South Korea. However, this is partly a result of the strong performance of the historically high demand for consumer electronics. Compared to car makers, they seem to be in a better contractual position. Nevertheless, the industry would surely perform even better without the capacity constraints it's facing.","news_type":1,"symbols_score_info":{"688981":0.9,"TSM":0.9,".IXIC":0.9,"AMD":0.9,"SSNLF":0.9,".DJI":0.9,"INTC":0.9,"00981":0.9,"QCOM":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":1639,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":340440136,"gmtCreate":1617461655725,"gmtModify":1631891822548,"author":{"id":"3572685978072370","authorId":"3572685978072370","name":"JLYJ","avatar":"https://static.tigerbbs.com/de57572f1fa11e3decd397d6be51e2e6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572685978072370","authorIdStr":"3572685978072370"},"themes":[],"htmlText":"Diversification is good","listText":"Diversification is good","text":"Diversification is good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/340440136","repostId":"1112964874","repostType":4,"isVote":1,"tweetType":1,"viewCount":1920,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":354482616,"gmtCreate":1617196984535,"gmtModify":1631891822551,"author":{"id":"3572685978072370","authorId":"3572685978072370","name":"JLYJ","avatar":"https://static.tigerbbs.com/de57572f1fa11e3decd397d6be51e2e6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572685978072370","authorIdStr":"3572685978072370"},"themes":[],"htmlText":"有必要吗？","listText":"有必要吗？","text":"有必要吗？","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/354482616","repostId":"2123240433","repostType":4,"isVote":1,"tweetType":1,"viewCount":2294,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":354486387,"gmtCreate":1617196907949,"gmtModify":1631891822555,"author":{"id":"3572685978072370","authorId":"3572685978072370","name":"JLYJ","avatar":"https://static.tigerbbs.com/de57572f1fa11e3decd397d6be51e2e6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572685978072370","authorIdStr":"3572685978072370"},"themes":[],"htmlText":"It's a creative ETF","listText":"It's a creative ETF","text":"It's a creative ETF","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/354486387","repostId":"1126047060","repostType":4,"repost":{"id":"1126047060","kind":"news","pubTimestamp":1617185695,"share":"https://www.laohu8.com/m/news/1126047060?lang=zh_CN&edition=full","pubTime":"2021-03-31 18:14","market":"us","language":"en","title":"Why Cathie Wood’s Space ETF Has Some Unexpected Holdings<blockquote>为什么Cathie Wood的Space ETF持有一些意想不到的股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1126047060","media":"Barron's","summary":"The ARK Space Exploration & Innovation exchange-traded fund –the eighth fund from Cathie Wood’s ARK Investment Management–attracted a lot of eyeballs at its launch on Tuesday. But investors found some surprises in the fund’s portfolio: Some popular firms in space-exploration related fields were not included, while other seemingly unrelated names–including half a dozen internet tech giants–make up a significant weight.That is because ARK’s space fund  isn’t limited to companies directly involved ","content":"<p>The ARK Space Exploration &amp; Innovation exchange-traded fund –the eighth fund from Cathie Wood’s ARK Investment Management–attracted a lot of eyeballs at its launch on Tuesday. But investors found some surprises in the fund’s portfolio: Some popular firms in space-exploration related fields were not included, while other seemingly unrelated names–including half a dozen internet tech giants–make up a significant weight.</p><p><blockquote>方舟太空探索与创新交易所交易基金是凯西·伍德(Cathie Wood)方舟投资管理公司(ARK Investment Management)的第八只基金，在周二推出时吸引了众多眼球。但投资者在该基金的投资组合中发现了一些惊喜：太空探索相关领域的一些受欢迎的公司没有被包括在内，而其他看似不相关的公司——包括六家互联网科技巨头——却占据了很大的权重。</blockquote></p><p>That is because ARK’s space fund (ticker: ARKX) isn’t limited to companies directly involved in the space business, but also other innovations that have indirectly enabled the space boom. The ETF owns Google parent Alphabet (ticker: GOOG), for example, because it’s a leader in artificial intelligence. NVIDIA (NVDA), another holding, manufactures computer chips that allow rockets to operate efficiently.</p><p><blockquote>这是因为方舟的太空基金（股票代码：ARKX）不仅限于直接参与太空业务的公司，还包括间接推动太空繁荣的其他创新。例如，该ETF拥有谷歌母公司Alphabet（股票代码：GOOG），因为它是人工智能领域的领导者。另一家控股公司英伟达(NVDA)生产计算机芯片，使火箭能够高效运行。</blockquote></p><p>The fund’s second-largest position is another ARK product, the $548 million ARK 3D Printing ETF (PRNT). That’s because many rocket parts are 3D printed for reasons related to cost, weight, and durability, says Ren Leggi, client portfolio manager at ARK. To be sure, the 0.66% management fee of the ARK 3D Printing ETF is fully rebated back to ARKX investors. “We are not double dipping,” says Leggi, “You are not paying double-layer fees.”</p><p><blockquote>该基金的第二大头寸是另一只ARK产品，价值5.48亿美元的ARK 3D打印ETF(PRNT)。ARK客户投资组合经理Ren Leggi表示，这是因为出于成本、重量和耐用性等原因，许多火箭部件都是3D打印的。可以肯定的是，ARK 3D打印ETF的0.66%管理费全额返还给ARKX投资者。“我们不会二次探底，”莱吉说，“你不会支付双层费用。”</blockquote></p><p>The fund also holds companies that are well-positioned to benefit from the development in aerospace-related tech. E-commerce giants like Amazon.com (AMZN) and Alibaba (BABA) are included because they can save delivery costs and generate revenue from drones if that market matures and scales. Netflix (NFLX), another holding, could potentially unlock millions of new users as satellite broadband connects more people to the internet. “There are three billion people who do not have access to internet,” says Leggi. “Satellite connectivity opens up the market. It really is about anything above ground.”</p><p><blockquote>该基金还持有能够从航空航天相关技术发展中受益的公司。亚马逊（AMZN）和阿里巴巴-SW（BABA）等电子商务巨头也被包括在内，因为如果市场成熟并扩大规模，它们可以节省送货成本并从无人机中产生收入。随着卫星宽带将更多人连接到互联网，另一家控股公司Netflix(NFLX)可能会释放数百万新用户。“有30亿人无法访问互联网，”莱吉说。“卫星连接打开了市场。它确实与地面上的任何东西有关。”</blockquote></p><p>Still, there is one glaring omission in the fund: It doesn’t hold any of the new pure-play space companies set to go public via mergers with special purpose acquisition companies, or SPACs.</p><p><blockquote>尽管如此，该基金仍有一个明显的遗漏：它不持有任何将通过与特殊目的收购公司（SPAC）合并上市的新的纯太空公司。</blockquote></p><p>Those options would include Rocket Lab USA and Astra, two launch service companies that are currently sending commercial payloads into low Earth orbit. The pair is merging with Vector Acquisition (VACQ) and Holicity (HOL), respectively. BlackSky and Spire Global, two earth imaging businesses, are merging with Osprey Technology Acquisition (SFWT) and NavSight (NSH), respectively.</p><p><blockquote>这些选择将包括美国火箭实验室和阿斯特拉，这两家发射服务公司目前正在将商业有效载荷送入近地轨道。这对组合分别与Vector Acquisition(VACQ)和Holicity(HOL)合并。BlackSky和Spire Global这两家地球成像公司将分别与Osprey Technology Acquisition(SFWT)和NavSight(NSH)合并。</blockquote></p><p>Others include AST &amp; Science, which is merging with New Providence Acquisition (NPA). That company is putting up hundreds of satellites to provide mobile phone infrastructure. Momentus, along with Redwire, offer the infrastructure services supporting new commercial space players. Those two are merging with Stable Road Acquisition (SRAC) and Genesis Park Acquisition (GNPK), respectively.</p><p><blockquote>其他公司包括正在与New Providence Acquisition(NPA)合并的AST&amp;Science。该公司正在安装数百颗卫星来提供移动电话基础设施。Momentus与Redwire一起提供支持新商业太空参与者的基础设施服务。这两家公司分别与Stable Road Acquisition(SRAC)和Genesis Park Acquisition(GNPK)合并。</blockquote></p><p>The market capitalization of those seven companies is roughly $16 billion based on the number of shares outstanding for each after their SPAC mergers close. But none of those names are included in the ARK Space fund’s portfolio—at least not yet.</p><p><blockquote>根据SPAC合并完成后每家公司的已发行股票数量计算，这七家公司的市值约为160亿美元。但这些名字都没有包含在方舟太空基金的投资组合中——至少现在还没有。</blockquote></p><p>ARK is open to investing in SPACs if the merger target has already been identified, says Leggi, but they need to review more financial data than is typically provided in SPAC merger presentations.</p><p><blockquote>Leggi表示，如果合并目标已经确定，ARK愿意投资SPAC，但他们需要审查比SPAC合并演示文稿中通常提供的更多的财务数据。</blockquote></p><p>High valuations have also caused ARK to wait on some names. “They fit our theme but from a valuation point, they don’t meet our hurdle rate for the next five years,” says Leggi, noting that the fund looks for companies that can provide investors with 15% annualized returns. “We will be patient and continue to track them. If we get an opportunity, we will leg into it. A lot of them are very interesting,” he adds.</p><p><blockquote>高估值也让ARK等待了一些名字。Leggi表示：“它们符合我们的主题，但从估值角度来看，它们没有达到我们未来五年的最低利率。”他指出，该基金寻找能够为投资者提供15%年化回报的公司。“我们将保持耐心，继续跟踪他们。如果我们有机会，我们会介入。他们中的很多人都非常有趣，”他补充道。</blockquote></p><p>ARK isn’t the only one hesitant to jump into space SPACs. The space fund’s rival, the $129 million Procure Space ETF (UFO), also doesn’t own any SPACs. Unlike the actively managed ARK ETF, the Procure fund tracks an underlying index with predetermined rules that prohibit investments in SPACs before the merger is complete.</p><p><blockquote>ARK并不是唯一一个对进入太空SPAC犹豫不决的公司。该太空基金的竞争对手、价值1.29亿美元的Procure Space ETF(UFO)也不拥有任何SPAC。与主动管理的ARK ETF不同，Procure基金跟踪基础指数，并制定预定规则，禁止在合并完成之前投资SPAC。</blockquote></p><p>“There is a tremendous risk to any SPAC,” Andrew Chanin, CEO of Procure ETFs, tells Barron’s. “That a target is announced and the deal doesn’t go through for a multitude of reasons. Then you are looking at a company that doesn’t have any space exposure other than a proposed target.”</p><p><blockquote>Procure ETF首席执行官安德鲁·查宁(Andrew Chanin)告诉《巴伦周刊》：“任何SPAC都面临巨大风险。”“宣布了一个目标，但由于多种原因交易没有通过。那么你看到的是一家除了提议的目标之外没有任何空间敞口的公司。”</blockquote></p><p>The Procure ETF has added newly public stocks to its holdings shortly after the SPAC merger was completed, such as space tourism pioneer Virgin Galactic (SPCE).</p><p><blockquote>在SPAC合并完成后不久，Procure ETF就在其持有的股票中增加了新的公开股票，例如太空旅游先驱维珍银河(SPCE)。</blockquote></p><p>The Procure ETF claims to be a “purer” play. More than 80% of its portfolio–per index mandate–has to be invested in companies whose majority revenues are derived from space-related businesses and activities. The remaining 20% are in diversified aerospace defense names such as Boeing (BA) and Lockheed Martin (LMT), which also generate a significant amount of revenue–albeit not the majority–from their space-related units.</p><p><blockquote>Procure ETF声称是一种“更纯粹”的游戏。根据指数要求，其投资组合的80%以上必须投资于大部分收入来自太空相关业务和活动的公司。其余20%属于多元化的航空航天国防公司，例如波音(BA)和洛克希德·马丁公司(LMT)，这些公司也从其太空相关部门产生了大量收入（尽管不是大部分）。</blockquote></p><p></p><p>“Anyone can argue that almost every publicly traded company has some exposure to space, or space plays a role in that company’s ability to succeed,” says Chanin. “For us, it’s not about making nuanced arguments about how maybe a company could potentially benefit from space.”</p><p><blockquote>“任何人都可以说，几乎每家上市公司都涉足太空，或者太空在该公司的成功能力中发挥着作用，”查宁说。“对我们来说，这并不是要就一家公司如何从太空中受益进行细致入微的争论。”</blockquote></p><p><b>Differing Exposures</b></p><p><blockquote><b>不同的暴露</b></blockquote></p><p>Percentage of portfolio in selected industries.</p><p><blockquote>所选行业投资组合的百分比。</blockquote></p><p><img src=\"https://static.tigerbbs.com/7610169c4e1c63baad57b034b647f2ef\" tg-width=\"1242\" tg-height=\"975\" referrerpolicy=\"no-referrer\">Despite their differences, both funds share the same top holding, Trimble (TRMB), with an 8.6% weight in the ARK fund and a 5.2% weight in the Procure fund. The company is tapping into multiple space-related areas, offering software, data, and sensors for drones, as well as fleet management services for space construction and logistics.</p><p><blockquote>尽管存在差异，但两只基金均持有相同的顶级持股Trimble(TRMB)，在ARK基金中的权重为8.6%，在Procure基金中的权重为5.2%。该公司正在进军多个太空相关领域，为无人机提供软件、数据和传感器，以及为太空建设和物流提供车队管理服务。</blockquote></p><p>Procure’s space fund was launched in April 2019. It dipped 2% in 2020, while the S&amp;P 500 returned 18.4%. Year to date, the Procure fund has gained 11.1%, beating the broader index by five percentage points.</p><p><blockquote>Procure的太空基金于2019年4月启动。2020年下跌2%，而标普500则上涨18.4%。今年迄今为止，Procure基金已上涨11.1%，比整体指数高出5个百分点。</blockquote></p><p>The ARK space fund finished its first trading day on Tuesday down 1%. The S&amp;P 500 fell less than 1%.</p><p><blockquote>ARK space基金周二首个交易日收盘下跌1%。标普500跌不到1%。</blockquote></p><p>And although neither funds have exposure to space SPACs, investors can still own a piece of them by buying shares of their SPACs. Barron’s recently wrote positively about Rocket Labs, believing it’s the best option for growth investors looking for new space exposure. The company is already carrying payloads into space and has the ability to build and manage satellites.</p><p><blockquote>尽管这两只基金都没有投资太空SPAC，但投资者仍然可以通过购买其SPAC的股票来拥有其中的一部分。《巴伦周刊》最近对火箭实验室进行了积极评价，认为它是寻求新太空投资的成长型投资者的最佳选择。该公司已经将有效载荷送入太空，并有能力建造和管理卫星。</blockquote></p><p></p>","source":"lsy1610680873436","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Cathie Wood’s Space ETF Has Some Unexpected Holdings<blockquote>为什么Cathie Wood的Space ETF持有一些意想不到的股票</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Cathie Wood’s Space ETF Has Some Unexpected Holdings<blockquote>为什么Cathie Wood的Space ETF持有一些意想不到的股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barron's</strong><span class=\"h-time small\">2021-03-31 18:14</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The ARK Space Exploration &amp; Innovation exchange-traded fund –the eighth fund from Cathie Wood’s ARK Investment Management–attracted a lot of eyeballs at its launch on Tuesday. But investors found some surprises in the fund’s portfolio: Some popular firms in space-exploration related fields were not included, while other seemingly unrelated names–including half a dozen internet tech giants–make up a significant weight.</p><p><blockquote>方舟太空探索与创新交易所交易基金是凯西·伍德(Cathie Wood)方舟投资管理公司(ARK Investment Management)的第八只基金，在周二推出时吸引了众多眼球。但投资者在该基金的投资组合中发现了一些惊喜：太空探索相关领域的一些受欢迎的公司没有被包括在内，而其他看似不相关的公司——包括六家互联网科技巨头——却占据了很大的权重。</blockquote></p><p>That is because ARK’s space fund (ticker: ARKX) isn’t limited to companies directly involved in the space business, but also other innovations that have indirectly enabled the space boom. The ETF owns Google parent Alphabet (ticker: GOOG), for example, because it’s a leader in artificial intelligence. NVIDIA (NVDA), another holding, manufactures computer chips that allow rockets to operate efficiently.</p><p><blockquote>这是因为方舟的太空基金（股票代码：ARKX）不仅限于直接参与太空业务的公司，还包括间接推动太空繁荣的其他创新。例如，该ETF拥有谷歌母公司Alphabet（股票代码：GOOG），因为它是人工智能领域的领导者。另一家控股公司英伟达(NVDA)生产计算机芯片，使火箭能够高效运行。</blockquote></p><p>The fund’s second-largest position is another ARK product, the $548 million ARK 3D Printing ETF (PRNT). That’s because many rocket parts are 3D printed for reasons related to cost, weight, and durability, says Ren Leggi, client portfolio manager at ARK. To be sure, the 0.66% management fee of the ARK 3D Printing ETF is fully rebated back to ARKX investors. “We are not double dipping,” says Leggi, “You are not paying double-layer fees.”</p><p><blockquote>该基金的第二大头寸是另一只ARK产品，价值5.48亿美元的ARK 3D打印ETF(PRNT)。ARK客户投资组合经理Ren Leggi表示，这是因为出于成本、重量和耐用性等原因，许多火箭部件都是3D打印的。可以肯定的是，ARK 3D打印ETF的0.66%管理费全额返还给ARKX投资者。“我们不会二次探底，”莱吉说，“你不会支付双层费用。”</blockquote></p><p>The fund also holds companies that are well-positioned to benefit from the development in aerospace-related tech. E-commerce giants like Amazon.com (AMZN) and Alibaba (BABA) are included because they can save delivery costs and generate revenue from drones if that market matures and scales. Netflix (NFLX), another holding, could potentially unlock millions of new users as satellite broadband connects more people to the internet. “There are three billion people who do not have access to internet,” says Leggi. “Satellite connectivity opens up the market. It really is about anything above ground.”</p><p><blockquote>该基金还持有能够从航空航天相关技术发展中受益的公司。亚马逊（AMZN）和阿里巴巴-SW（BABA）等电子商务巨头也被包括在内，因为如果市场成熟并扩大规模，它们可以节省送货成本并从无人机中产生收入。随着卫星宽带将更多人连接到互联网，另一家控股公司Netflix(NFLX)可能会释放数百万新用户。“有30亿人无法访问互联网，”莱吉说。“卫星连接打开了市场。它确实与地面上的任何东西有关。”</blockquote></p><p>Still, there is one glaring omission in the fund: It doesn’t hold any of the new pure-play space companies set to go public via mergers with special purpose acquisition companies, or SPACs.</p><p><blockquote>尽管如此，该基金仍有一个明显的遗漏：它不持有任何将通过与特殊目的收购公司（SPAC）合并上市的新的纯太空公司。</blockquote></p><p>Those options would include Rocket Lab USA and Astra, two launch service companies that are currently sending commercial payloads into low Earth orbit. The pair is merging with Vector Acquisition (VACQ) and Holicity (HOL), respectively. BlackSky and Spire Global, two earth imaging businesses, are merging with Osprey Technology Acquisition (SFWT) and NavSight (NSH), respectively.</p><p><blockquote>这些选择将包括美国火箭实验室和阿斯特拉，这两家发射服务公司目前正在将商业有效载荷送入近地轨道。这对组合分别与Vector Acquisition(VACQ)和Holicity(HOL)合并。BlackSky和Spire Global这两家地球成像公司将分别与Osprey Technology Acquisition(SFWT)和NavSight(NSH)合并。</blockquote></p><p>Others include AST &amp; Science, which is merging with New Providence Acquisition (NPA). That company is putting up hundreds of satellites to provide mobile phone infrastructure. Momentus, along with Redwire, offer the infrastructure services supporting new commercial space players. Those two are merging with Stable Road Acquisition (SRAC) and Genesis Park Acquisition (GNPK), respectively.</p><p><blockquote>其他公司包括正在与New Providence Acquisition(NPA)合并的AST&amp;Science。该公司正在安装数百颗卫星来提供移动电话基础设施。Momentus与Redwire一起提供支持新商业太空参与者的基础设施服务。这两家公司分别与Stable Road Acquisition(SRAC)和Genesis Park Acquisition(GNPK)合并。</blockquote></p><p>The market capitalization of those seven companies is roughly $16 billion based on the number of shares outstanding for each after their SPAC mergers close. But none of those names are included in the ARK Space fund’s portfolio—at least not yet.</p><p><blockquote>根据SPAC合并完成后每家公司的已发行股票数量计算，这七家公司的市值约为160亿美元。但这些名字都没有包含在方舟太空基金的投资组合中——至少现在还没有。</blockquote></p><p>ARK is open to investing in SPACs if the merger target has already been identified, says Leggi, but they need to review more financial data than is typically provided in SPAC merger presentations.</p><p><blockquote>Leggi表示，如果合并目标已经确定，ARK愿意投资SPAC，但他们需要审查比SPAC合并演示文稿中通常提供的更多的财务数据。</blockquote></p><p>High valuations have also caused ARK to wait on some names. “They fit our theme but from a valuation point, they don’t meet our hurdle rate for the next five years,” says Leggi, noting that the fund looks for companies that can provide investors with 15% annualized returns. “We will be patient and continue to track them. If we get an opportunity, we will leg into it. A lot of them are very interesting,” he adds.</p><p><blockquote>高估值也让ARK等待了一些名字。Leggi表示：“它们符合我们的主题，但从估值角度来看，它们没有达到我们未来五年的最低利率。”他指出，该基金寻找能够为投资者提供15%年化回报的公司。“我们将保持耐心，继续跟踪他们。如果我们有机会，我们会介入。他们中的很多人都非常有趣，”他补充道。</blockquote></p><p>ARK isn’t the only one hesitant to jump into space SPACs. The space fund’s rival, the $129 million Procure Space ETF (UFO), also doesn’t own any SPACs. Unlike the actively managed ARK ETF, the Procure fund tracks an underlying index with predetermined rules that prohibit investments in SPACs before the merger is complete.</p><p><blockquote>ARK并不是唯一一个对进入太空SPAC犹豫不决的公司。该太空基金的竞争对手、价值1.29亿美元的Procure Space ETF(UFO)也不拥有任何SPAC。与主动管理的ARK ETF不同，Procure基金跟踪基础指数，并制定预定规则，禁止在合并完成之前投资SPAC。</blockquote></p><p>“There is a tremendous risk to any SPAC,” Andrew Chanin, CEO of Procure ETFs, tells Barron’s. “That a target is announced and the deal doesn’t go through for a multitude of reasons. Then you are looking at a company that doesn’t have any space exposure other than a proposed target.”</p><p><blockquote>Procure ETF首席执行官安德鲁·查宁(Andrew Chanin)告诉《巴伦周刊》：“任何SPAC都面临巨大风险。”“宣布了一个目标，但由于多种原因交易没有通过。那么你看到的是一家除了提议的目标之外没有任何空间敞口的公司。”</blockquote></p><p>The Procure ETF has added newly public stocks to its holdings shortly after the SPAC merger was completed, such as space tourism pioneer Virgin Galactic (SPCE).</p><p><blockquote>在SPAC合并完成后不久，Procure ETF就在其持有的股票中增加了新的公开股票，例如太空旅游先驱维珍银河(SPCE)。</blockquote></p><p>The Procure ETF claims to be a “purer” play. More than 80% of its portfolio–per index mandate–has to be invested in companies whose majority revenues are derived from space-related businesses and activities. The remaining 20% are in diversified aerospace defense names such as Boeing (BA) and Lockheed Martin (LMT), which also generate a significant amount of revenue–albeit not the majority–from their space-related units.</p><p><blockquote>Procure ETF声称是一种“更纯粹”的游戏。根据指数要求，其投资组合的80%以上必须投资于大部分收入来自太空相关业务和活动的公司。其余20%属于多元化的航空航天国防公司，例如波音(BA)和洛克希德·马丁公司(LMT)，这些公司也从其太空相关部门产生了大量收入（尽管不是大部分）。</blockquote></p><p></p><p>“Anyone can argue that almost every publicly traded company has some exposure to space, or space plays a role in that company’s ability to succeed,” says Chanin. “For us, it’s not about making nuanced arguments about how maybe a company could potentially benefit from space.”</p><p><blockquote>“任何人都可以说，几乎每家上市公司都涉足太空，或者太空在该公司的成功能力中发挥着作用，”查宁说。“对我们来说，这并不是要就一家公司如何从太空中受益进行细致入微的争论。”</blockquote></p><p><b>Differing Exposures</b></p><p><blockquote><b>不同的暴露</b></blockquote></p><p>Percentage of portfolio in selected industries.</p><p><blockquote>所选行业投资组合的百分比。</blockquote></p><p><img src=\"https://static.tigerbbs.com/7610169c4e1c63baad57b034b647f2ef\" tg-width=\"1242\" tg-height=\"975\" referrerpolicy=\"no-referrer\">Despite their differences, both funds share the same top holding, Trimble (TRMB), with an 8.6% weight in the ARK fund and a 5.2% weight in the Procure fund. The company is tapping into multiple space-related areas, offering software, data, and sensors for drones, as well as fleet management services for space construction and logistics.</p><p><blockquote>尽管存在差异，但两只基金均持有相同的顶级持股Trimble(TRMB)，在ARK基金中的权重为8.6%，在Procure基金中的权重为5.2%。该公司正在进军多个太空相关领域，为无人机提供软件、数据和传感器，以及为太空建设和物流提供车队管理服务。</blockquote></p><p>Procure’s space fund was launched in April 2019. It dipped 2% in 2020, while the S&amp;P 500 returned 18.4%. Year to date, the Procure fund has gained 11.1%, beating the broader index by five percentage points.</p><p><blockquote>Procure的太空基金于2019年4月启动。2020年下跌2%，而标普500则上涨18.4%。今年迄今为止，Procure基金已上涨11.1%，比整体指数高出5个百分点。</blockquote></p><p>The ARK space fund finished its first trading day on Tuesday down 1%. The S&amp;P 500 fell less than 1%.</p><p><blockquote>ARK space基金周二首个交易日收盘下跌1%。标普500跌不到1%。</blockquote></p><p>And although neither funds have exposure to space SPACs, investors can still own a piece of them by buying shares of their SPACs. Barron’s recently wrote positively about Rocket Labs, believing it’s the best option for growth investors looking for new space exposure. The company is already carrying payloads into space and has the ability to build and manage satellites.</p><p><blockquote>尽管这两只基金都没有投资太空SPAC，但投资者仍然可以通过购买其SPAC的股票来拥有其中的一部分。《巴伦周刊》最近对火箭实验室进行了积极评价，认为它是寻求新太空投资的成长型投资者的最佳选择。该公司已经将有效载荷送入太空，并有能力建造和管理卫星。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/the-ark-space-etf-has-some-unexpected-holdings-51617150050?mod=hp_LEAD_1\">Barron's</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/55e4b11e868aab2bd1399f8a1e0cd685","relate_stocks":{},"source_url":"https://www.barrons.com/articles/the-ark-space-etf-has-some-unexpected-holdings-51617150050?mod=hp_LEAD_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1126047060","content_text":"The ARK Space Exploration & Innovation exchange-traded fund –the eighth fund from Cathie Wood’s ARK Investment Management–attracted a lot of eyeballs at its launch on Tuesday. But investors found some surprises in the fund’s portfolio: Some popular firms in space-exploration related fields were not included, while other seemingly unrelated names–including half a dozen internet tech giants–make up a significant weight.That is because ARK’s space fund (ticker: ARKX) isn’t limited to companies directly involved in the space business, but also other innovations that have indirectly enabled the space boom. The ETF owns Google parent Alphabet (ticker: GOOG), for example, because it’s a leader in artificial intelligence. NVIDIA (NVDA), another holding, manufactures computer chips that allow rockets to operate efficiently.The fund’s second-largest position is another ARK product, the $548 million ARK 3D Printing ETF (PRNT). That’s because many rocket parts are 3D printed for reasons related to cost, weight, and durability, says Ren Leggi, client portfolio manager at ARK. To be sure, the 0.66% management fee of the ARK 3D Printing ETF is fully rebated back to ARKX investors. “We are not double dipping,” says Leggi, “You are not paying double-layer fees.”The fund also holds companies that are well-positioned to benefit from the development in aerospace-related tech. E-commerce giants like Amazon.com (AMZN) and Alibaba (BABA) are included because they can save delivery costs and generate revenue from drones if that market matures and scales. Netflix (NFLX), another holding, could potentially unlock millions of new users as satellite broadband connects more people to the internet. “There are three billion people who do not have access to internet,” says Leggi. “Satellite connectivity opens up the market. It really is about anything above ground.”Still, there is one glaring omission in the fund: It doesn’t hold any of the new pure-play space companies set to go public via mergers with special purpose acquisition companies, or SPACs.Those options would include Rocket Lab USA and Astra, two launch service companies that are currently sending commercial payloads into low Earth orbit. The pair is merging with Vector Acquisition (VACQ) and Holicity (HOL), respectively. BlackSky and Spire Global, two earth imaging businesses, are merging with Osprey Technology Acquisition (SFWT) and NavSight (NSH), respectively.Others include AST & Science, which is merging with New Providence Acquisition (NPA). That company is putting up hundreds of satellites to provide mobile phone infrastructure. Momentus, along with Redwire, offer the infrastructure services supporting new commercial space players. Those two are merging with Stable Road Acquisition (SRAC) and Genesis Park Acquisition (GNPK), respectively.The market capitalization of those seven companies is roughly $16 billion based on the number of shares outstanding for each after their SPAC mergers close. But none of those names are included in the ARK Space fund’s portfolio—at least not yet.ARK is open to investing in SPACs if the merger target has already been identified, says Leggi, but they need to review more financial data than is typically provided in SPAC merger presentations.High valuations have also caused ARK to wait on some names. “They fit our theme but from a valuation point, they don’t meet our hurdle rate for the next five years,” says Leggi, noting that the fund looks for companies that can provide investors with 15% annualized returns. “We will be patient and continue to track them. If we get an opportunity, we will leg into it. A lot of them are very interesting,” he adds.ARK isn’t the only one hesitant to jump into space SPACs. The space fund’s rival, the $129 million Procure Space ETF (UFO), also doesn’t own any SPACs. Unlike the actively managed ARK ETF, the Procure fund tracks an underlying index with predetermined rules that prohibit investments in SPACs before the merger is complete.“There is a tremendous risk to any SPAC,” Andrew Chanin, CEO of Procure ETFs, tells Barron’s. “That a target is announced and the deal doesn’t go through for a multitude of reasons. Then you are looking at a company that doesn’t have any space exposure other than a proposed target.”The Procure ETF has added newly public stocks to its holdings shortly after the SPAC merger was completed, such as space tourism pioneer Virgin Galactic (SPCE).The Procure ETF claims to be a “purer” play. More than 80% of its portfolio–per index mandate–has to be invested in companies whose majority revenues are derived from space-related businesses and activities. The remaining 20% are in diversified aerospace defense names such as Boeing (BA) and Lockheed Martin (LMT), which also generate a significant amount of revenue–albeit not the majority–from their space-related units.“Anyone can argue that almost every publicly traded company has some exposure to space, or space plays a role in that company’s ability to succeed,” says Chanin. “For us, it’s not about making nuanced arguments about how maybe a company could potentially benefit from space.”Differing ExposuresPercentage of portfolio in selected industries.Despite their differences, both funds share the same top holding, Trimble (TRMB), with an 8.6% weight in the ARK fund and a 5.2% weight in the Procure fund. The company is tapping into multiple space-related areas, offering software, data, and sensors for drones, as well as fleet management services for space construction and logistics.Procure’s space fund was launched in April 2019. It dipped 2% in 2020, while the S&P 500 returned 18.4%. Year to date, the Procure fund has gained 11.1%, beating the broader index by five percentage points.The ARK space fund finished its first trading day on Tuesday down 1%. The S&P 500 fell less than 1%.And although neither funds have exposure to space SPACs, investors can still own a piece of them by buying shares of their SPACs. Barron’s recently wrote positively about Rocket Labs, believing it’s the best option for growth investors looking for new space exposure. 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Here’s a list of best-performing Wall Street analysts’ top five stocks with “Buy” ratings, as&nbsp;compiled&nbsp;by TipRanks.</p><p><blockquote>尽管随着更广泛的COVID-19疫苗接种推广后经济重新开放，人们担心通胀，但分析师仍高度看好一些股票。以下是TipRanks编制的表现最佳的华尔街分析师给予“买入”评级的前五只股票列表。</blockquote></p><p> <b>Amazon Inc</b>: Baird analyst Colin Sebastian has reiterated a “Buy” rating and has a $4,000 price target in addition to a “Fresh Pick” status on the e-commerce giant. Colin has&nbsp;support from&nbsp;30 other top analysts who have a “Buy” rating as well, as per TipRanks.</p><p><blockquote><b>亚马逊公司</b>：Baird分析师Colin Sebastian重申了“买入”评级，并将这家电子商务巨头的目标价定为4,000美元，此外还给予这家电子商务巨头“新精选”地位。根据TipRanks的数据，科林得到了其他30名顶级分析师的支持，他们也给予了“买入”评级。</blockquote></p><p> Sebastian noted that investors could be missing \"one of the most compelling subscription/quasi-subscription models within the Internet and Technology sectors,” adding that&nbsp;75% of Amazon’s revenue is recurring even as it keeps adding new subscribers effectively.</p><p><blockquote>塞巴斯蒂安指出，投资者可能会错过“互联网和技术领域最引人注目的订阅/准订阅模式之一”，并补充说，尽管亚马逊不断有效地增加新订阅者，但其75%的收入都是经常性的。</blockquote></p><p> Baird sees Amazon as \"significantly undervalued\" and can see it headed to $5,000 per share in the medium-term.</p><p><blockquote>贝尔德认为亚马逊“被严重低估”，并预计其在中期内将达到每股5,000美元。</blockquote></p><p> With a 75% success rate and 34.8% average return per rating, Sebastian is ranked 28 out of over 7,000 analysts tracked by TipRanks.</p><p><blockquote>Sebastian的成功率为75%，每次评级的平均回报率为34.8%，在TipRanks追踪的7,000多名分析师中排名第28位。</blockquote></p><p> <b>Microsoft Corp</b>: Wedbush analyst Daniel Ives maintained a “Buy” rating and a $300 price target on the stock as he sees cloud growth momentum building up for the company. The rest of the Wall Street analysts are bullish as well with a total of 23 “Buy” ratings on the stock.</p><p><blockquote><b>微软公司</b>：Wedbush分析师Daniel Ives维持该股“买入”评级和300美元的目标价，因为他认为该公司的云增长势头正在增强。其余华尔街分析师也持看涨态度，共有23名分析师对该股给予“买入”评级。</blockquote></p><p> Ives estimates that cloud wars between Amazon and Microsoft to capture market share are going to intensify and global cloud spending could reach nearly $1 trillion over the next decade.</p><p><blockquote>Ives估计，亚马逊和微软之间争夺市场份额的云战争将会加剧，未来十年全球云支出可能会达到近1万亿美元。</blockquote></p><p> The veteran analyst has&nbsp;predicted a shift in tide&nbsp;in the cloud space, with Microsoft standing to benefit.</p><p><blockquote>这位资深分析师预测云领域的潮流将发生转变，微软将从中受益。</blockquote></p><p> <b>Alphatec Holdings</b>: Medical technology company focused on spinal surgeries has six “Buy” ratings from top analysts and a $19.7 average stock price forecast.&nbsp;H.C. Wainwright analyst Sean Lee, who claims a 75% success rate and 69.2% average return per rating, has maintained a “Buy” rating on the stock and raised the price target to $19 from $16.</p><p><blockquote><b>阿尔法泰克控股</b>：专注于脊柱手术的医疗科技公司获得顶级分析师的六次“买入”评级，平均股价预测为19.7美元。Wainwright分析师Sean Lee声称每次评级的成功率为75%，平均回报率为69.2%，他维持该股的“买入”评级，并将目标价从16美元上调至19美元。</blockquote></p><p> Lee’s rating comes after the company’s fourth-quarter revenue registered a 36% year-over-year surge despite the ongoing COVID-19 headwinds. The analyst expects EOS imaging to be a key growth driver for the company, contributing about $127 million in additional revenues by 2025.</p><p><blockquote>尽管COVID-19持续存在不利因素，但该公司第四季度收入仍同比增长36%，Lee做出了这一评级。该分析师预计EOS imaging将成为该公司的关键增长动力，到2025年将贡献约1.27亿美元的额外收入。</blockquote></p><p> Alphatec's recently-launched procedure for lateral surgeries that significantly shortens the surgery times could also be a major growth driver this year.</p><p><blockquote>Alphatec最近推出的横向手术程序可显着缩短手术时间，也可能成为今年的主要增长动力。</blockquote></p><p> <b>Addus Homecare Corp</b>: Brokerage RBC Capital analyst Frank Morgan, who has a 5-star rating on the stock, has reiterated a \"Buy\" rating and a price target of $136.</p><p><blockquote><b>Addus家庭护理公司</b>：券商RBC Capital分析师Frank Morgan对该股给予5星评级，重申“买入”评级，目标价为136美元。</blockquote></p><p> The Texas-based home and healthcare company recently unveiled a new value plan to support closer coordination of care for patients as they are discharged from acute care hospitals into their homes or into post-acute facilities.</p><p><blockquote>这家总部位于德克萨斯州的家庭和医疗保健公司最近公布了一项新的价值计划，以支持在患者从急症护理医院出院到家中或急症后设施时更密切地协调护理。</blockquote></p><p> Morgan believes the plan “positions Addus for a larger role in post-acute coordination with potential for longer-term shared savings.” The analyst is also encouraged by the recently passed COVID federal relief aid as “it provides a 10% boost to the Federal Medical Assistance Percentage meant to bolster personal care services amid the pandemic.”</p><p><blockquote>摩根认为，该计划“使Addus在急性后协调中发挥更大的作用，并有可能实现长期共享储蓄。”这位分析师还对最近通过的新冠联邦救济援助感到鼓舞，因为“它将联邦医疗援助百分比提高了10%，旨在加强大流行期间的个人护理服务。”</blockquote></p><p> This increase gives a larger match than Morgan originally expected, with earlier versions of the bill mentioning a 7.35% rise.</p><p><blockquote>这一涨幅比摩根最初预期的要大，该法案的早期版本提到了7.35%的涨幅。</blockquote></p><p> <b>Amyris Inc</b>: H.C. Wainwright analyst Amit Dayal is bullish on the stock and has significantly roasted its price target to $35 from $11 and reiterated the “Buy” rating as well.</p><p><blockquote><b>阿米里斯公司</b>：H.C.Wainwright分析师Amit Dayal看好该股，并将其目标价从11美元大幅上调至35美元，并重申了“买入”评级。</blockquote></p><p> Dayal, who has a 77% average per rating, along with three top analysts, has a similar view on the stock in the last two months. The average analyst price target comes in at $25.50.</p><p><blockquote>Dayal的平均评级为77%，他和三位顶级分析师在过去两个月对该股也有类似的看法。分析师平均目标价为25.50美元。</blockquote></p><p> Dayal sees improving business fundamentals that support the company’s annual revenue growth outlook expectations of between 30% and 50% over the next few years. Also, its debt is set to land below $100 million by the end of the third quarter this year from $297 million at the beginning of 2020.</p><p><blockquote>Dayal认为，业务基本面的改善支持该公司未来几年年收入增长预期在30%至50%之间。此外，到今年第三季度末，其债务将从2020年初的2.97亿美元降至1亿美元以下。</blockquote></p><p> The brokerage says the company currently has 18 ingredients currently in development that could position the company to have more than 30 commercialized ingredients by the end of 2025. In addition, it has four new brand launches in 2021, is expanding its retail presence, and could benefit from acquisitions and distribution agreements in international markets including China and Brazil.</p><p><blockquote>该券商表示，该公司目前有18种成分正在开发中，到2025年底，该公司可能会拥有30多种商业化成分。此外，该公司在2021年推出了四个新品牌，正在扩大其零售业务，并可能受益于中国和巴西等国际市场的收购和分销协议。</blockquote></p><p> Based on all of the above, the analyst argues that revenues will grow at a nine-year CAGR from 2021 to 2030 of 28.8%, versus the previous 20.4% estimate.</p><p><blockquote>基于上述所有情况，分析师认为，从2021年到2030年，收入将以28.8%的九年复合年增长率增长，而之前的预测为20.4%。</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>Here Are Five Stocks Top Analysts Are Heavily Bullish On, Heading Into April<blockquote>以下是顶级分析师在进入四月份时非常看好的五只股票</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHere Are Five Stocks Top Analysts Are Heavily Bullish On, Heading Into April<blockquote>以下是顶级分析师在进入四月份时非常看好的五只股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time smaller\">2021-03-22 19:09</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p>Despitein&nbsp;flation fears&nbsp;as the economy reopens after a wider COVID-19 vaccination rollout, there are stocks that analysts are highly bullish on. Here’s a list of best-performing Wall Street analysts’ top five stocks with “Buy” ratings, as&nbsp;compiled&nbsp;by TipRanks.</p><p><blockquote>尽管随着更广泛的COVID-19疫苗接种推广后经济重新开放，人们担心通胀，但分析师仍高度看好一些股票。以下是TipRanks编制的表现最佳的华尔街分析师给予“买入”评级的前五只股票列表。</blockquote></p><p> <b>Amazon Inc</b>: Baird analyst Colin Sebastian has reiterated a “Buy” rating and has a $4,000 price target in addition to a “Fresh Pick” status on the e-commerce giant. Colin has&nbsp;support from&nbsp;30 other top analysts who have a “Buy” rating as well, as per TipRanks.</p><p><blockquote><b>亚马逊公司</b>：Baird分析师Colin Sebastian重申了“买入”评级，并将这家电子商务巨头的目标价定为4,000美元，此外还给予这家电子商务巨头“新精选”地位。根据TipRanks的数据，科林得到了其他30名顶级分析师的支持，他们也给予了“买入”评级。</blockquote></p><p> Sebastian noted that investors could be missing \"one of the most compelling subscription/quasi-subscription models within the Internet and Technology sectors,” adding that&nbsp;75% of Amazon’s revenue is recurring even as it keeps adding new subscribers effectively.</p><p><blockquote>塞巴斯蒂安指出，投资者可能会错过“互联网和技术领域最引人注目的订阅/准订阅模式之一”，并补充说，尽管亚马逊不断有效地增加新订阅者，但其75%的收入都是经常性的。</blockquote></p><p> Baird sees Amazon as \"significantly undervalued\" and can see it headed to $5,000 per share in the medium-term.</p><p><blockquote>贝尔德认为亚马逊“被严重低估”，并预计其在中期内将达到每股5,000美元。</blockquote></p><p> With a 75% success rate and 34.8% average return per rating, Sebastian is ranked 28 out of over 7,000 analysts tracked by TipRanks.</p><p><blockquote>Sebastian的成功率为75%，每次评级的平均回报率为34.8%，在TipRanks追踪的7,000多名分析师中排名第28位。</blockquote></p><p> <b>Microsoft Corp</b>: Wedbush analyst Daniel Ives maintained a “Buy” rating and a $300 price target on the stock as he sees cloud growth momentum building up for the company. The rest of the Wall Street analysts are bullish as well with a total of 23 “Buy” ratings on the stock.</p><p><blockquote><b>微软公司</b>：Wedbush分析师Daniel Ives维持该股“买入”评级和300美元的目标价，因为他认为该公司的云增长势头正在增强。其余华尔街分析师也持看涨态度，共有23名分析师对该股给予“买入”评级。</blockquote></p><p> Ives estimates that cloud wars between Amazon and Microsoft to capture market share are going to intensify and global cloud spending could reach nearly $1 trillion over the next decade.</p><p><blockquote>Ives估计，亚马逊和微软之间争夺市场份额的云战争将会加剧，未来十年全球云支出可能会达到近1万亿美元。</blockquote></p><p> The veteran analyst has&nbsp;predicted a shift in tide&nbsp;in the cloud space, with Microsoft standing to benefit.</p><p><blockquote>这位资深分析师预测云领域的潮流将发生转变，微软将从中受益。</blockquote></p><p> <b>Alphatec Holdings</b>: Medical technology company focused on spinal surgeries has six “Buy” ratings from top analysts and a $19.7 average stock price forecast.&nbsp;H.C. Wainwright analyst Sean Lee, who claims a 75% success rate and 69.2% average return per rating, has maintained a “Buy” rating on the stock and raised the price target to $19 from $16.</p><p><blockquote><b>阿尔法泰克控股</b>：专注于脊柱手术的医疗科技公司获得顶级分析师的六次“买入”评级，平均股价预测为19.7美元。Wainwright分析师Sean Lee声称每次评级的成功率为75%，平均回报率为69.2%，他维持该股的“买入”评级，并将目标价从16美元上调至19美元。</blockquote></p><p> Lee’s rating comes after the company’s fourth-quarter revenue registered a 36% year-over-year surge despite the ongoing COVID-19 headwinds. The analyst expects EOS imaging to be a key growth driver for the company, contributing about $127 million in additional revenues by 2025.</p><p><blockquote>尽管COVID-19持续存在不利因素，但该公司第四季度收入仍同比增长36%，Lee做出了这一评级。该分析师预计EOS imaging将成为该公司的关键增长动力，到2025年将贡献约1.27亿美元的额外收入。</blockquote></p><p> Alphatec's recently-launched procedure for lateral surgeries that significantly shortens the surgery times could also be a major growth driver this year.</p><p><blockquote>Alphatec最近推出的横向手术程序可显着缩短手术时间，也可能成为今年的主要增长动力。</blockquote></p><p> <b>Addus Homecare Corp</b>: Brokerage RBC Capital analyst Frank Morgan, who has a 5-star rating on the stock, has reiterated a \"Buy\" rating and a price target of $136.</p><p><blockquote><b>Addus家庭护理公司</b>：券商RBC Capital分析师Frank Morgan对该股给予5星评级，重申“买入”评级，目标价为136美元。</blockquote></p><p> The Texas-based home and healthcare company recently unveiled a new value plan to support closer coordination of care for patients as they are discharged from acute care hospitals into their homes or into post-acute facilities.</p><p><blockquote>这家总部位于德克萨斯州的家庭和医疗保健公司最近公布了一项新的价值计划，以支持在患者从急症护理医院出院到家中或急症后设施时更密切地协调护理。</blockquote></p><p> Morgan believes the plan “positions Addus for a larger role in post-acute coordination with potential for longer-term shared savings.” The analyst is also encouraged by the recently passed COVID federal relief aid as “it provides a 10% boost to the Federal Medical Assistance Percentage meant to bolster personal care services amid the pandemic.”</p><p><blockquote>摩根认为，该计划“使Addus在急性后协调中发挥更大的作用，并有可能实现长期共享储蓄。”这位分析师还对最近通过的新冠联邦救济援助感到鼓舞，因为“它将联邦医疗援助百分比提高了10%，旨在加强大流行期间的个人护理服务。”</blockquote></p><p> This increase gives a larger match than Morgan originally expected, with earlier versions of the bill mentioning a 7.35% rise.</p><p><blockquote>这一涨幅比摩根最初预期的要大，该法案的早期版本提到了7.35%的涨幅。</blockquote></p><p> <b>Amyris Inc</b>: H.C. Wainwright analyst Amit Dayal is bullish on the stock and has significantly roasted its price target to $35 from $11 and reiterated the “Buy” rating as well.</p><p><blockquote><b>阿米里斯公司</b>：H.C.Wainwright分析师Amit Dayal看好该股，并将其目标价从11美元大幅上调至35美元，并重申了“买入”评级。</blockquote></p><p> Dayal, who has a 77% average per rating, along with three top analysts, has a similar view on the stock in the last two months. The average analyst price target comes in at $25.50.</p><p><blockquote>Dayal的平均评级为77%，他和三位顶级分析师在过去两个月对该股也有类似的看法。分析师平均目标价为25.50美元。</blockquote></p><p> Dayal sees improving business fundamentals that support the company’s annual revenue growth outlook expectations of between 30% and 50% over the next few years. Also, its debt is set to land below $100 million by the end of the third quarter this year from $297 million at the beginning of 2020.</p><p><blockquote>Dayal认为，业务基本面的改善支持该公司未来几年年收入增长预期在30%至50%之间。此外，到今年第三季度末，其债务将从2020年初的2.97亿美元降至1亿美元以下。</blockquote></p><p> The brokerage says the company currently has 18 ingredients currently in development that could position the company to have more than 30 commercialized ingredients by the end of 2025. In addition, it has four new brand launches in 2021, is expanding its retail presence, and could benefit from acquisitions and distribution agreements in international markets including China and Brazil.</p><p><blockquote>该券商表示，该公司目前有18种成分正在开发中，到2025年底，该公司可能会拥有30多种商业化成分。此外，该公司在2021年推出了四个新品牌，正在扩大其零售业务，并可能受益于中国和巴西等国际市场的收购和分销协议。</blockquote></p><p> Based on all of the above, the analyst argues that revenues will grow at a nine-year CAGR from 2021 to 2030 of 28.8%, versus the previous 20.4% estimate.</p><p><blockquote>基于上述所有情况，分析师认为，从2021年到2030年，收入将以28.8%的九年复合年增长率增长，而之前的预测为20.4%。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSFT":"微软","AMRS":"阿米瑞斯","ADUS":"爱德斯","ATEC":"阿尔法泰克","AMZN":"亚马逊"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1141741176","content_text":"Despitein flation fears as the economy reopens after a wider COVID-19 vaccination rollout, there are stocks that analysts are highly bullish on. Here’s a list of best-performing Wall Street analysts’ top five stocks with “Buy” ratings, as compiled by TipRanks.\nAmazon Inc: Baird analyst Colin Sebastian has reiterated a “Buy” rating and has a $4,000 price target in addition to a “Fresh Pick” status on the e-commerce giant. Colin has support from 30 other top analysts who have a “Buy” rating as well, as per TipRanks.\nSebastian noted that investors could be missing \"one of the most compelling subscription/quasi-subscription models within the Internet and Technology sectors,” adding that 75% of Amazon’s revenue is recurring even as it keeps adding new subscribers effectively.\nBaird sees Amazon as \"significantly undervalued\" and can see it headed to $5,000 per share in the medium-term.\nWith a 75% success rate and 34.8% average return per rating, Sebastian is ranked 28 out of over 7,000 analysts tracked by TipRanks.\nMicrosoft Corp: Wedbush analyst Daniel Ives maintained a “Buy” rating and a $300 price target on the stock as he sees cloud growth momentum building up for the company. The rest of the Wall Street analysts are bullish as well with a total of 23 “Buy” ratings on the stock.\nIves estimates that cloud wars between Amazon and Microsoft to capture market share are going to intensify and global cloud spending could reach nearly $1 trillion over the next decade.\nThe veteran analyst has predicted a shift in tide in the cloud space, with Microsoft standing to benefit.\nAlphatec Holdings: Medical technology company focused on spinal surgeries has six “Buy” ratings from top analysts and a $19.7 average stock price forecast. H.C. Wainwright analyst Sean Lee, who claims a 75% success rate and 69.2% average return per rating, has maintained a “Buy” rating on the stock and raised the price target to $19 from $16.\nLee’s rating comes after the company’s fourth-quarter revenue registered a 36% year-over-year surge despite the ongoing COVID-19 headwinds. The analyst expects EOS imaging to be a key growth driver for the company, contributing about $127 million in additional revenues by 2025.\nAlphatec's recently-launched procedure for lateral surgeries that significantly shortens the surgery times could also be a major growth driver this year.\nAddus Homecare Corp: Brokerage RBC Capital analyst Frank Morgan, who has a 5-star rating on the stock, has reiterated a \"Buy\" rating and a price target of $136.\nThe Texas-based home and healthcare company recently unveiled a new value plan to support closer coordination of care for patients as they are discharged from acute care hospitals into their homes or into post-acute facilities.\nMorgan believes the plan “positions Addus for a larger role in post-acute coordination with potential for longer-term shared savings.” The analyst is also encouraged by the recently passed COVID federal relief aid as “it provides a 10% boost to the Federal Medical Assistance Percentage meant to bolster personal care services amid the pandemic.”\nThis increase gives a larger match than Morgan originally expected, with earlier versions of the bill mentioning a 7.35% rise.\nAmyris Inc: H.C. Wainwright analyst Amit Dayal is bullish on the stock and has significantly roasted its price target to $35 from $11 and reiterated the “Buy” rating as well.\nDayal, who has a 77% average per rating, along with three top analysts, has a similar view on the stock in the last two months. The average analyst price target comes in at $25.50.\nDayal sees improving business fundamentals that support the company’s annual revenue growth outlook expectations of between 30% and 50% over the next few years. Also, its debt is set to land below $100 million by the end of the third quarter this year from $297 million at the beginning of 2020.\nThe brokerage says the company currently has 18 ingredients currently in development that could position the company to have more than 30 commercialized ingredients by the end of 2025. In addition, it has four new brand launches in 2021, is expanding its retail presence, and could benefit from acquisitions and distribution agreements in international markets including China and Brazil.\nBased on all of the above, the analyst argues that revenues will grow at a nine-year CAGR from 2021 to 2030 of 28.8%, versus the previous 20.4% estimate.","news_type":1,"symbols_score_info":{"MSFT":0.9,"AMRS":0.9,"ATEC":0.9,"AMZN":0.9,"ADUS":0.9}},"isVote":1,"tweetType":1,"viewCount":481,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":324232073,"gmtCreate":1615993750092,"gmtModify":1703496150557,"author":{"id":"3572685978072370","authorId":"3572685978072370","name":"JLYJ","avatar":"https://static.tigerbbs.com/de57572f1fa11e3decd397d6be51e2e6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572685978072370","authorIdStr":"3572685978072370"},"themes":[],"htmlText":"A bit of green","listText":"A bit of green","text":"A bit of green","images":[{"img":"https://static.tigerbbs.com/ef1fc2e37ad10c68d299a02cffd01167","width":"1080","height":"2710"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/324232073","isVote":1,"tweetType":1,"viewCount":445,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":324238076,"gmtCreate":1615993639195,"gmtModify":1703496147242,"author":{"id":"3572685978072370","authorId":"3572685978072370","name":"JLYJ","avatar":"https://static.tigerbbs.com/de57572f1fa11e3decd397d6be51e2e6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572685978072370","authorIdStr":"3572685978072370"},"themes":[],"htmlText":"That's not good news","listText":"That's not good news","text":"That's not good news","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/324238076","repostId":"1107222790","repostType":4,"isVote":1,"tweetType":1,"viewCount":332,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":321014840,"gmtCreate":1615385187980,"gmtModify":1703488226772,"author":{"id":"3572685978072370","authorId":"3572685978072370","name":"JLYJ","avatar":"https://static.tigerbbs.com/de57572f1fa11e3decd397d6be51e2e6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572685978072370","authorIdStr":"3572685978072370"},"themes":[],"htmlText":"Apple is a solid company","listText":"Apple is a solid company","text":"Apple is a solid company","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/321014840","repostId":"1176251994","repostType":4,"isVote":1,"tweetType":1,"viewCount":539,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":321012149,"gmtCreate":1615385085581,"gmtModify":1703488223484,"author":{"id":"3572685978072370","authorId":"3572685978072370","name":"JLYJ","avatar":"https://static.tigerbbs.com/de57572f1fa11e3decd397d6be51e2e6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572685978072370","authorIdStr":"3572685978072370"},"themes":[],"htmlText":"Depends on your risk appetite","listText":"Depends on your risk appetite","text":"Depends on your risk appetite","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/321012149","repostId":"1108172980","repostType":4,"repost":{"id":"1108172980","kind":"news","pubTimestamp":1615361016,"share":"https://www.laohu8.com/m/news/1108172980?lang=zh_CN&edition=full","pubTime":"2021-03-10 15:23","market":"us","language":"en","title":"As Markets Soar, Are These 3 Reddit Stocks Here to Stay?<blockquote>随着市场飙升，这3只Reddit股票会继续存在吗？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1108172980","media":"Motley Fool","summary":"A huge rise included some old favorites from earlier this year.The stock market has fallen sharply o","content":"<p>A huge rise included some old favorites from earlier this year.</p><p><blockquote>大幅上涨包括今年早些时候的一些老宠。</blockquote></p><p>The stock market has fallen sharply over the past few weeks, so it was inevitable that at some point, market participants would see major benchmarks whip back upward. Tuesday brought that relief for bullish investors, accompanied by a significant decline in interest rates that showed at least some inflation fears appeared to get put to rest. The&nbsp;<b>Dow Jones Industrial Average</b>&nbsp;climbed 30 points to 31833. The&nbsp;<b>S&amp;P 500</b>&nbsp;jumped 54 points to 3,875, and the&nbsp;<b>Nasdaq Composite</b>&nbsp;skyrocketed 465 points to 13,074.</p><p><blockquote>过去几周股市大幅下跌，因此市场参与者不可避免地会在某个时候看到主要基准指数反弹。周二让看涨的投资者松了一口气，伴随着利率的大幅下降，这表明至少一些通胀担忧似乎得到了缓解。The<b>道琼斯工业平均指数</b>攀升30点至31833。The<b>标普500</b>上涨54点至3,875点，<b>纳斯达克复合材料</b>暴涨465点至13074点。</blockquote></p><p>Plenty of beaten-down market leaders were among big winners on Tuesday, as&nbsp;growth stockinvestors reasserted their supremacy at least for a short while. More surprising for some, though, was that stock picks inspired by the Reddit group WallStreetBets were back in full force. In particular,<b>GameStop</b>,<b>AMC Entertainment Holdings</b>, and&nbsp;<b>Sundial Growers</b>&nbsp;were all higher by 13% or more.</p><p><blockquote>周二，许多遭受重创的市场领导者成为大赢家，因为成长型股票投资者至少在短时间内重申了他们的霸主地位。不过，对一些人来说更令人惊讶的是，受Reddit群组WallStreetBets启发的选股又全面回归。特别是，<b>游戏驿站</b>,<b>AMC院线控股</b>，和<b>日晷种植者</b>都高出13%或更多。</blockquote></p><p><b>The show goes on for AMC</b></p><p><blockquote><b>AMC的节目继续进行</b></blockquote></p><p>AMC Entertainment's stock was up more than 13%, challenging the $11-per-share mark once again. The movie theater operator is getting caught up in optimism about the potential reopening of the economy as coronavirus vaccine deployment continues, but some stock analysts are also trying to figure out whether the company can take advantage of its popularity among investors.</p><p><blockquote>AMC院线股价上涨超过13%，再次挑战每股11美元大关。随着冠状病毒疫苗的继续部署，这家电影院运营商对经济可能重新开放感到乐观，但一些股票分析师也在试图弄清楚该公司是否可以利用其在投资者中的受欢迎程度。</blockquote></p><p>Shareholders are looking forward to getting the&nbsp;latest read directly from AMC&nbsp;when it announces its quarterly financial results on Wednesday. To be clear, no one's expecting anything positive from the movie theater operator's backward-looking financials, which many see including a nearly 90% plunge in revenue and huge losses.</p><p><blockquote>股东们期待在AMC周三公布季度财务业绩时直接从该公司获得最新信息。需要明确的是，没有人对这家电影院运营商回顾性的财务状况抱有任何积极的期望，许多人认为这包括收入下降近90%和巨额亏损。</blockquote></p><p>But AMC has taken many steps to shore up its finances, including a stock offering earlier this year and more recent term loan facilities covering the company's Odeon Cinemas subsidiary. Moreover, it's looking for authorization from shareholders at their annual meeting in May to boost the number of shares issuable from about 524 million to more than 1 billion, saying that it would give the company more flexibility with future capital-raising efforts.</p><p><blockquote>但是AMC采取了很多措施来支持其财务状况，其中包括今年早些时候的股票发行，以及最近向该公司旗下的Odeon Cinemas子公司提供了定期贷款。此外，该公司正在5月份的年会上寻求股东授权，将可发行股票数量从约5.24亿股增加到超过10亿股，并表示这将为公司未来的融资工作提供更大的灵活性。</blockquote></p><p>AMC is far from the only play on an economic reopening seeing its shares soar right now. Yet it has achieved high-profile status due to Reddit groups, and AMC is likely to keep getting attention going forward.</p><p><blockquote>AMC远非唯一一家股价目前飙升的经济重新开放公司。然而，由于Reddit群组，它已经获得了高调的地位，AMC未来可能会继续受到关注。</blockquote></p><p><b>Playing to win at GameStop</b></p><p><blockquote><b>在游戏驿站为胜利而战</b></blockquote></p><p>Meanwhile, GameStop added to its gains from Monday, rising another 27%. That took the stock to $247 per share, up from below $40 per share just three weeks ago.</p><p><blockquote>与此同时，游戏驿站延续了周一的涨幅，又上涨了27%。这使得该股从三周前的每股40美元以下上涨至每股247美元。</blockquote></p><p>The video game retailer has gotten another round of positive momentum after Monday's announcement that&nbsp;<b>Chewy</b>&nbsp;co-founder Ryan Cohen would take a more active role in leading GameStop's recovery efforts. As chair of a new strategic committee on the board of directors, Cohen and his team are looking to build up GameStop's ability to compete in cutting-edge technology as it seeks to make a transition away from a brick-and-mortar retail focus.</p><p><blockquote>这家视频游戏零售商在周一宣布后获得了另一轮积极势头<b>耐嚼</b>联合创始人Ryan Cohen将在领导游戏驿站的复苏工作中发挥更积极的作用。作为董事会新战略委员会的主席，科恩和他的团队正在寻求增强游戏驿站在尖端技术方面的竞争能力，以摆脱实体零售重点。</blockquote></p><p>So far,GameStop hasn't made any serious moves&nbsp;toward raising capital through a secondary stock offering, and there are reasons why it might hold off on doing so even with the stock price rising so far. But the fundamental bullish argument presented by Keith \"Roaring Kitty\" Gill in congressional testimony is resonating with many on Reddit, and that could keep the stock price in play.</p><p><blockquote>到目前为止，游戏驿站尚未采取任何重大举措通过二次股票发行筹集资金，即使迄今为止股价上涨，它也可能推迟这样做是有原因的。但基思·“咆哮的小猫”·吉尔在国会证词中提出的基本看涨论点在Reddit上引起了许多人的共鸣，这可能会使股价继续发挥作用。</blockquote></p><p><b>Sundial goes higher</b></p><p><blockquote><b>日晷走高</b></blockquote></p><p>Finally, Sundial Growers was up nearly 18%. The move comes on a pretty good day for the marijuana stock universe in general, with other, larger cannabis cultivators up anywhere from 5% to 13%.</p><p><blockquote>最后，Sundial Growers上涨近18%。对于大麻股票市场来说，这一举措是一个相当好的日子，其他较大的大麻种植者的股价上涨了5%至13%。</blockquote></p><p>Sundial is a favorite among small investors interested in cannabis because of its low share price and listing on the Nasdaq Stock Market. With federal law still listing marijuana as a controlled substance, most U.S. companies with connections to cannabis haven't been able to list their shares on major exchanges. Yet some popular brokerage companies don't allow their customers to trade in over-the-counter stocks that aren't listed on Nasdaq or the New York Stock Exchange.</p><p><blockquote>Sundial因其股价低廉且在纳斯达克股市上市而受到对大麻感兴趣的小投资者的青睐。由于联邦法律仍将大麻列为受管制物质，大多数与大麻有联系的美国公司无法在主要交易所上市。然而，一些受欢迎的经纪公司不允许其客户交易未在纳斯达克或纽约证券交易所上市的场外交易股票。</blockquote></p><p>Unlike GameStop and AMC,Sundial hasn't hesitated to tap the capital markets&nbsp;for additional money at regular intervals. That has created huge share dilution, and Sundial's board recently opened the door to further stock offerings in 2021 and beyond. That makes it hard to see Sundial's stock climbing higher for long, but some investors seem interested nevertheless.</p><p><blockquote>与游戏驿站和AMC不同，Sundial毫不犹豫地定期利用资本市场获取额外资金。这造成了巨大的股票稀释，Sundial董事会最近为2021年及以后进一步发行股票打开了大门。这使得Sundial的股价很难长期攀升，但一些投资者似乎仍然感兴趣。</blockquote></p><p><b>Watch the fundamentals</b></p><p><blockquote><b>关注基本面</b></blockquote></p><p>It's hard to concentrate on business metrics when stocks are soaring one day and plunging the next. But by squarely looking at financials rather than share prices, you'll be able to avoid getting whipsawed and make a more informed choice about whether to add shares of Sundial, GameStop, or AMC to your portfolio.</p><p><blockquote>当股票某一天飙升，第二天暴跌时，很难专注于业务指标。但通过直接关注财务状况而不是股价，您将能够避免受到影响，并就是否将Sundial、游戏驿站或AMC的股票添加到您的投资组合中做出更明智的选择。</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>As Markets Soar, Are These 3 Reddit Stocks Here to Stay?<blockquote>随着市场飙升，这3只Reddit股票会继续存在吗？</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\">\nAs Markets Soar, Are These 3 Reddit Stocks Here to Stay?<blockquote>随着市场飙升，这3只Reddit股票会继续存在吗？</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\">2021-03-10 15:23</span>\n</p>\n</h4>\n</header>\n<article>\n<p>A huge rise included some old favorites from earlier this year.</p><p><blockquote>大幅上涨包括今年早些时候的一些老宠。</blockquote></p><p>The stock market has fallen sharply over the past few weeks, so it was inevitable that at some point, market participants would see major benchmarks whip back upward. Tuesday brought that relief for bullish investors, accompanied by a significant decline in interest rates that showed at least some inflation fears appeared to get put to rest. The&nbsp;<b>Dow Jones Industrial Average</b>&nbsp;climbed 30 points to 31833. The&nbsp;<b>S&amp;P 500</b>&nbsp;jumped 54 points to 3,875, and the&nbsp;<b>Nasdaq Composite</b>&nbsp;skyrocketed 465 points to 13,074.</p><p><blockquote>过去几周股市大幅下跌，因此市场参与者不可避免地会在某个时候看到主要基准指数反弹。周二让看涨的投资者松了一口气，伴随着利率的大幅下降，这表明至少一些通胀担忧似乎得到了缓解。The<b>道琼斯工业平均指数</b>攀升30点至31833。The<b>标普500</b>上涨54点至3,875点，<b>纳斯达克复合材料</b>暴涨465点至13074点。</blockquote></p><p>Plenty of beaten-down market leaders were among big winners on Tuesday, as&nbsp;growth stockinvestors reasserted their supremacy at least for a short while. More surprising for some, though, was that stock picks inspired by the Reddit group WallStreetBets were back in full force. In particular,<b>GameStop</b>,<b>AMC Entertainment Holdings</b>, and&nbsp;<b>Sundial Growers</b>&nbsp;were all higher by 13% or more.</p><p><blockquote>周二，许多遭受重创的市场领导者成为大赢家，因为成长型股票投资者至少在短时间内重申了他们的霸主地位。不过，对一些人来说更令人惊讶的是，受Reddit群组WallStreetBets启发的选股又全面回归。特别是，<b>游戏驿站</b>,<b>AMC院线控股</b>，和<b>日晷种植者</b>都高出13%或更多。</blockquote></p><p><b>The show goes on for AMC</b></p><p><blockquote><b>AMC的节目继续进行</b></blockquote></p><p>AMC Entertainment's stock was up more than 13%, challenging the $11-per-share mark once again. The movie theater operator is getting caught up in optimism about the potential reopening of the economy as coronavirus vaccine deployment continues, but some stock analysts are also trying to figure out whether the company can take advantage of its popularity among investors.</p><p><blockquote>AMC院线股价上涨超过13%，再次挑战每股11美元大关。随着冠状病毒疫苗的继续部署，这家电影院运营商对经济可能重新开放感到乐观，但一些股票分析师也在试图弄清楚该公司是否可以利用其在投资者中的受欢迎程度。</blockquote></p><p>Shareholders are looking forward to getting the&nbsp;latest read directly from AMC&nbsp;when it announces its quarterly financial results on Wednesday. To be clear, no one's expecting anything positive from the movie theater operator's backward-looking financials, which many see including a nearly 90% plunge in revenue and huge losses.</p><p><blockquote>股东们期待在AMC周三公布季度财务业绩时直接从该公司获得最新信息。需要明确的是，没有人对这家电影院运营商回顾性的财务状况抱有任何积极的期望，许多人认为这包括收入下降近90%和巨额亏损。</blockquote></p><p>But AMC has taken many steps to shore up its finances, including a stock offering earlier this year and more recent term loan facilities covering the company's Odeon Cinemas subsidiary. Moreover, it's looking for authorization from shareholders at their annual meeting in May to boost the number of shares issuable from about 524 million to more than 1 billion, saying that it would give the company more flexibility with future capital-raising efforts.</p><p><blockquote>但是AMC采取了很多措施来支持其财务状况，其中包括今年早些时候的股票发行，以及最近向该公司旗下的Odeon Cinemas子公司提供了定期贷款。此外，该公司正在5月份的年会上寻求股东授权，将可发行股票数量从约5.24亿股增加到超过10亿股，并表示这将为公司未来的融资工作提供更大的灵活性。</blockquote></p><p>AMC is far from the only play on an economic reopening seeing its shares soar right now. Yet it has achieved high-profile status due to Reddit groups, and AMC is likely to keep getting attention going forward.</p><p><blockquote>AMC远非唯一一家股价目前飙升的经济重新开放公司。然而，由于Reddit群组，它已经获得了高调的地位，AMC未来可能会继续受到关注。</blockquote></p><p><b>Playing to win at GameStop</b></p><p><blockquote><b>在游戏驿站为胜利而战</b></blockquote></p><p>Meanwhile, GameStop added to its gains from Monday, rising another 27%. That took the stock to $247 per share, up from below $40 per share just three weeks ago.</p><p><blockquote>与此同时，游戏驿站延续了周一的涨幅，又上涨了27%。这使得该股从三周前的每股40美元以下上涨至每股247美元。</blockquote></p><p>The video game retailer has gotten another round of positive momentum after Monday's announcement that&nbsp;<b>Chewy</b>&nbsp;co-founder Ryan Cohen would take a more active role in leading GameStop's recovery efforts. As chair of a new strategic committee on the board of directors, Cohen and his team are looking to build up GameStop's ability to compete in cutting-edge technology as it seeks to make a transition away from a brick-and-mortar retail focus.</p><p><blockquote>这家视频游戏零售商在周一宣布后获得了另一轮积极势头<b>耐嚼</b>联合创始人Ryan Cohen将在领导游戏驿站的复苏工作中发挥更积极的作用。作为董事会新战略委员会的主席，科恩和他的团队正在寻求增强游戏驿站在尖端技术方面的竞争能力，以摆脱实体零售重点。</blockquote></p><p>So far,GameStop hasn't made any serious moves&nbsp;toward raising capital through a secondary stock offering, and there are reasons why it might hold off on doing so even with the stock price rising so far. But the fundamental bullish argument presented by Keith \"Roaring Kitty\" Gill in congressional testimony is resonating with many on Reddit, and that could keep the stock price in play.</p><p><blockquote>到目前为止，游戏驿站尚未采取任何重大举措通过二次股票发行筹集资金，即使迄今为止股价上涨，它也可能推迟这样做是有原因的。但基思·“咆哮的小猫”·吉尔在国会证词中提出的基本看涨论点在Reddit上引起了许多人的共鸣，这可能会使股价继续发挥作用。</blockquote></p><p><b>Sundial goes higher</b></p><p><blockquote><b>日晷走高</b></blockquote></p><p>Finally, Sundial Growers was up nearly 18%. The move comes on a pretty good day for the marijuana stock universe in general, with other, larger cannabis cultivators up anywhere from 5% to 13%.</p><p><blockquote>最后，Sundial Growers上涨近18%。对于大麻股票市场来说，这一举措是一个相当好的日子，其他较大的大麻种植者的股价上涨了5%至13%。</blockquote></p><p>Sundial is a favorite among small investors interested in cannabis because of its low share price and listing on the Nasdaq Stock Market. With federal law still listing marijuana as a controlled substance, most U.S. companies with connections to cannabis haven't been able to list their shares on major exchanges. Yet some popular brokerage companies don't allow their customers to trade in over-the-counter stocks that aren't listed on Nasdaq or the New York Stock Exchange.</p><p><blockquote>Sundial因其股价低廉且在纳斯达克股市上市而受到对大麻感兴趣的小投资者的青睐。由于联邦法律仍将大麻列为受管制物质，大多数与大麻有联系的美国公司无法在主要交易所上市。然而，一些受欢迎的经纪公司不允许其客户交易未在纳斯达克或纽约证券交易所上市的场外交易股票。</blockquote></p><p>Unlike GameStop and AMC,Sundial hasn't hesitated to tap the capital markets&nbsp;for additional money at regular intervals. That has created huge share dilution, and Sundial's board recently opened the door to further stock offerings in 2021 and beyond. That makes it hard to see Sundial's stock climbing higher for long, but some investors seem interested nevertheless.</p><p><blockquote>与游戏驿站和AMC不同，Sundial毫不犹豫地定期利用资本市场获取额外资金。这造成了巨大的股票稀释，Sundial董事会最近为2021年及以后进一步发行股票打开了大门。这使得Sundial的股价很难长期攀升，但一些投资者似乎仍然感兴趣。</blockquote></p><p><b>Watch the fundamentals</b></p><p><blockquote><b>关注基本面</b></blockquote></p><p>It's hard to concentrate on business metrics when stocks are soaring one day and plunging the next. But by squarely looking at financials rather than share prices, you'll be able to avoid getting whipsawed and make a more informed choice about whether to add shares of Sundial, GameStop, or AMC to your portfolio.</p><p><blockquote>当股票某一天飙升，第二天暴跌时，很难专注于业务指标。但通过直接关注财务状况而不是股价，您将能够避免受到影响，并就是否将Sundial、游戏驿站或AMC的股票添加到您的投资组合中做出更明智的选择。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/03/09/as-markets-soar-are-these-3-reddit-stocks-here-to/\">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":{"SNDL":"SNDL Inc.","GME":"游戏驿站","AMC":"AMC院线"},"source_url":"https://www.fool.com/investing/2021/03/09/as-markets-soar-are-these-3-reddit-stocks-here-to/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1108172980","content_text":"A huge rise included some old favorites from earlier this year.The stock market has fallen sharply over the past few weeks, so it was inevitable that at some point, market participants would see major benchmarks whip back upward. Tuesday brought that relief for bullish investors, accompanied by a significant decline in interest rates that showed at least some inflation fears appeared to get put to rest. The Dow Jones Industrial Average climbed 30 points to 31833. The S&P 500 jumped 54 points to 3,875, and the Nasdaq Composite skyrocketed 465 points to 13,074.Plenty of beaten-down market leaders were among big winners on Tuesday, as growth stockinvestors reasserted their supremacy at least for a short while. More surprising for some, though, was that stock picks inspired by the Reddit group WallStreetBets were back in full force. In particular,GameStop,AMC Entertainment Holdings, and Sundial Growers were all higher by 13% or more.The show goes on for AMCAMC Entertainment's stock was up more than 13%, challenging the $11-per-share mark once again. The movie theater operator is getting caught up in optimism about the potential reopening of the economy as coronavirus vaccine deployment continues, but some stock analysts are also trying to figure out whether the company can take advantage of its popularity among investors.Shareholders are looking forward to getting the latest read directly from AMC when it announces its quarterly financial results on Wednesday. To be clear, no one's expecting anything positive from the movie theater operator's backward-looking financials, which many see including a nearly 90% plunge in revenue and huge losses.But AMC has taken many steps to shore up its finances, including a stock offering earlier this year and more recent term loan facilities covering the company's Odeon Cinemas subsidiary. Moreover, it's looking for authorization from shareholders at their annual meeting in May to boost the number of shares issuable from about 524 million to more than 1 billion, saying that it would give the company more flexibility with future capital-raising efforts.AMC is far from the only play on an economic reopening seeing its shares soar right now. Yet it has achieved high-profile status due to Reddit groups, and AMC is likely to keep getting attention going forward.Playing to win at GameStopMeanwhile, GameStop added to its gains from Monday, rising another 27%. That took the stock to $247 per share, up from below $40 per share just three weeks ago.The video game retailer has gotten another round of positive momentum after Monday's announcement that Chewy co-founder Ryan Cohen would take a more active role in leading GameStop's recovery efforts. As chair of a new strategic committee on the board of directors, Cohen and his team are looking to build up GameStop's ability to compete in cutting-edge technology as it seeks to make a transition away from a brick-and-mortar retail focus.So far,GameStop hasn't made any serious moves toward raising capital through a secondary stock offering, and there are reasons why it might hold off on doing so even with the stock price rising so far. But the fundamental bullish argument presented by Keith \"Roaring Kitty\" Gill in congressional testimony is resonating with many on Reddit, and that could keep the stock price in play.Sundial goes higherFinally, Sundial Growers was up nearly 18%. The move comes on a pretty good day for the marijuana stock universe in general, with other, larger cannabis cultivators up anywhere from 5% to 13%.Sundial is a favorite among small investors interested in cannabis because of its low share price and listing on the Nasdaq Stock Market. With federal law still listing marijuana as a controlled substance, most U.S. companies with connections to cannabis haven't been able to list their shares on major exchanges. Yet some popular brokerage companies don't allow their customers to trade in over-the-counter stocks that aren't listed on Nasdaq or the New York Stock Exchange.Unlike GameStop and AMC,Sundial hasn't hesitated to tap the capital markets for additional money at regular intervals. That has created huge share dilution, and Sundial's board recently opened the door to further stock offerings in 2021 and beyond. That makes it hard to see Sundial's stock climbing higher for long, but some investors seem interested nevertheless.Watch the fundamentalsIt's hard to concentrate on business metrics when stocks are soaring one day and plunging the next. But by squarely looking at financials rather than share prices, you'll be able to avoid getting whipsawed and make a more informed choice about whether to add shares of Sundial, GameStop, or AMC to your portfolio.","news_type":1,"symbols_score_info":{"SNDL":0.9,"AMC":0.9,"GME":0.9}},"isVote":1,"tweetType":1,"viewCount":788,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":367670599,"gmtCreate":1614950069011,"gmtModify":1703483340474,"author":{"id":"3572685978072370","authorId":"3572685978072370","name":"JLYJ","avatar":"https://static.tigerbbs.com/de57572f1fa11e3decd397d6be51e2e6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572685978072370","authorIdStr":"3572685978072370"},"themes":[],"htmlText":"Hoping it'll get lower","listText":"Hoping it'll get lower","text":"Hoping it'll get lower","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/367670599","repostId":"1151606825","repostType":4,"isVote":1,"tweetType":1,"viewCount":590,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":368485760,"gmtCreate":1614348194350,"gmtModify":1703476712352,"author":{"id":"3572685978072370","authorId":"3572685978072370","name":"JLYJ","avatar":"https://static.tigerbbs.com/de57572f1fa11e3decd397d6be51e2e6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572685978072370","authorIdStr":"3572685978072370"},"themes":[],"htmlText":"Just a minor ship","listText":"Just a minor ship","text":"Just a minor ship","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/368485760","repostId":"1106176819","repostType":4,"isVote":1,"tweetType":1,"viewCount":501,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":346992147,"gmtCreate":1617978454389,"gmtModify":1631891822542,"author":{"id":"3572685978072370","authorId":"3572685978072370","name":"JLYJ","avatar":"https://static.tigerbbs.com/de57572f1fa11e3decd397d6be51e2e6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572685978072370","idStr":"3572685978072370"},"themes":[],"htmlText":"The demand is high but the production capacity is limited.","listText":"The demand is high but the production capacity is limited.","text":"The demand is high but the production capacity is limited.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/346992147","repostId":"1115040048","repostType":4,"repost":{"id":"1115040048","kind":"news","pubTimestamp":1617971898,"share":"https://www.laohu8.com/m/news/1115040048?lang=zh_CN&edition=full","pubTime":"2021-04-09 20:38","market":"hk","language":"en","title":"Why Semiconductors Are As Scarce As Gold<blockquote>为什么半导体像黄金一样稀缺</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1115040048","media":"Think","summary":"A shortage of semiconductors is a continuing and major issue.The squeezed market is forcing manufacturers to slow down, weighing on recovery.And ongoing strong demand keeps the pressure on.Computer chips are in short supply due to a sudden spike in demand linked to Covid-19. This demand shock is primarily caused by consumers who can't splash the cash on services such as restaurants and travel and who are now spending more on consumer electronics. The strong demand for home office equipment and f","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>A shortage of semiconductors is a continuing and major issue.</li>  <li>The squeezed market is forcing manufacturers to slow down, weighing on recovery.</li>  <li>And ongoing strong demand keeps the pressure on.</li>  <li>A&nbsp;ramp-up of capital investment&nbsp;to boost production capacity helps, but it's going to take time before demand and supply are structurally in sync again.</li> </ul> <b>Demand and supply shocks squeeze chip markets</b></p><p><blockquote><ul><li>半导体短缺是一个持续的重大问题。</li><li>受挤压的市场迫使制造商放慢脚步，拖累复苏。</li><li>持续强劲的需求使压力持续存在。</li><li>增加资本投资以提高产能会有所帮助，但需求和供应在结构上再次同步还需要时间。</li></ul><b>供需冲击挤压芯片市场</b></blockquote></p><p> Computer chips are in short supply due to a sudden spike in demand linked to Covid-19. This demand shock is primarily caused by consumers who can't splash the cash on services such as restaurants and travel and who are now spending more on consumer electronics. The strong demand for home office equipment and faster-than-expected recovery from other sectors are also not helping.</p><p><blockquote>由于与新冠肺炎相关的需求突然激增，计算机芯片供应短缺。这种需求冲击主要是由消费者造成的，他们无法在餐馆和旅游等服务上花钱，现在在消费电子产品上花费更多。对家庭办公设备的强劲需求和其他行业快于预期的复苏也于事无补。</blockquote></p><p> On top of that, 5G cellular networks are rolling out and there's a subsequent rise in demand for new compatible smartphones. While most semiconductor factories operate at maximum capacity, breakdowns at four Texas facilities due to extreme cold and a fire at a Renesas Naka factory north of Tokyo worsened the situation going into the second quarter.</p><p><blockquote>最重要的是，5G蜂窝网络正在推出，随之而来的是对新型兼容智能手机的需求上升。虽然大多数半导体工厂都在以最大产能运营，但德克萨斯州的四家工厂因极端寒冷而发生故障，以及东京北部的瑞萨纳卡工厂发生火灾，使第二季度的情况更加恶化。</blockquote></p><p> Suppliers of game consoles and smartphones are having real trouble meeting the demand for their products due to the semiconductor shortage. You can also see it in the automotive industry, where there've been production cuts and planned interruptions.</p><p><blockquote>由于半导体短缺，游戏机和智能手机供应商在满足其产品需求方面遇到了真正的困难。你也可以在汽车行业看到这一点，那里出现了减产和计划中断。</blockquote></p><p> <b>Structural demand for chips is growing rapidly</b></p><p><blockquote><b>芯片结构性需求快速增长</b></blockquote></p><p> Although part of this demand shock is temporary, there's a structural dimension to rapidly expanding semiconductor usage. The market is expected to grow by double digits again in 2021, according to IC Insights. Many devices that used to be completely analogue are now digital and supported by integrated circuits. For example, smart thermostats or light bulbs compatible with home systems contain significant computational power to support their functionality as well as digital connectivity.</p><p><blockquote>尽管这种需求冲击部分是暂时的，但半导体使用的快速扩大存在结构性层面。根据IC Insights的数据，该市场预计将在2021年再次以两位数增长。许多过去完全模拟的设备现在都是数字化的，并由集成电路支持。例如，与家庭系统兼容的智能恒温器或灯泡包含强大的计算能力，以支持其功能以及数字连接。</blockquote></p><p> Cars and trucks also require an increasing number of semiconductors, thanks to the extension of integrated Advanced Driving Assistance Systems (ADAS) and board computers. The rise in the production of electric vehicles and future steps in autonomous driving will push demand up still further.</p><p><blockquote>由于集成式高级驾驶辅助系统（ADAS）和车载计算机的扩展，汽车和卡车也需要越来越多的半导体。电动汽车产量的增长和自动驾驶的未来举措将进一步推高需求。</blockquote></p><p> <b>Supply issues may spill into 2022</b></p><p><blockquote><b>供应问题可能会蔓延到2022年</b></blockquote></p><p> Current lead times for chips can be as long as 26 weeks and up to a year for some specific variants. Recent incidents at facilities in the US and Japan put the lead times further under pressure. Despite significant planned investments in semiconductor production facilities, capacity will remain scarce well into the second half of 2021. Even if the acute shortage is resolved in the second half of the year, semi-conductor manufacturing lines will remain operating at near-full capacity in the coming years, making the industry sensitive to future supply shocks.</p><p><blockquote>目前芯片的交付周期可能长达26周，对于一些特定的变体，可能长达一年。美国和日本工厂最近发生的事件进一步给交货时间带来了压力。尽管计划对半导体生产设施进行大量投资，但到2021年下半年，产能仍将稀缺。即使严重的短缺问题在下半年得到解决，半导体生产线在未来几年仍将保持接近满负荷运行，这使得该行业对未来的供应冲击非常敏感。</blockquote></p><p> <b>Capital investment boost will raise capacity, but this takes time</b></p><p><blockquote><b>资本投资的增加将提高产能，但这需要时间</b></blockquote></p><p> In order to meet growing demand, chipmakers started to ramp up investments. The Taiwanese company, TSMC (TSM), is boosting capital expenditure from USD17 billion in 2020 to USD28 billion in 2021. On top of that, the company plans to invest still more, to the tune of some USD100 billion in the next three years, to grow capacity.</p><p><blockquote>为了满足不断增长的需求，芯片制造商开始加大投资。台湾公司台积电(TSM)将资本支出从2020年的170亿美元增加到2021年的280亿美元。除此之外，该公司计划在未来三年内投资更多，达到约1000亿美元，以扩大产能。</blockquote></p><p> Samsung (SSNLF) also plans to increase semiconductor-related capital expenditure by 20%, up to USD31 billion this year, and announced there’s more to follow. Although these soaring investments will let supply catch up, this takes time and won’t bring much relief this year. Remember, chip production machines have long lead times. In the meantime, we notice that chip manufactures are ending volume discounts and some are also raising prices.</p><p><blockquote>三星(SSNLF)还计划今年将半导体相关资本支出增加20%，达到310亿美元，并宣布后续还会有更多资本支出。尽管这些飙升的投资会让供应迎头赶上，但这需要时间，今年不会带来太多缓解。请记住，芯片生产机器的交货时间很长。与此同时，我们注意到芯片制造商正在结束批量折扣，一些制造商也在提高价格。</blockquote></p><p> The science bit</p><p><blockquote>科学位</blockquote></p><p></p><p> <ul>  <li>Chip production starts with wafers. A wafer (slice of semiconductor) acts as a substrate for microelectronic devices. Many so-called integrated circuits are printed on 200mm silicon wafers, being provided by silicon producers. Since the introduction of 300mm wafers in 2002, 200mm wafers were expected to phase out. Therefore, most investments in production capacity have been directed to production lines based on 300mm wafers.</li>  <li>However, 200mm wafer-based production is technologically mature, offering relatively low development and production costs and very stable manufacturing processes. Therefore, many of the less-complex chips, such as sensors and transmitters and the more basic processing units, are still being developed based on this 200mm technology.</li>  <li>The rise of smart devices and the Internet of Things (IoT) causes an unanticipated rise in demand for 200mm production capacity, contributing to the shortage. Although fresh 200mm capacity is coming available in 2021, foundries may be a bit reluctant to invest in this slightly dated technology, since 300mm wafer-based production is still expected to take over once production costs are sufficiently low.</li>  <li>This means that supply is expected to remain weak compared to demand.</li> </ul> <b>Most wafer production capacity concentrated in Asia</b></p><p><blockquote><ul><li>芯片生产从晶圆开始。晶片（半导体切片）用作微电子器件的衬底。许多所谓的集成电路印刷在200毫米的硅片上，由硅生产商提供。自2002年推出300mm晶圆以来，预计200mm晶圆将逐步淘汰。因此，大部分产能投资都投向了基于300mm晶圆的产线。</li><li>然而，基于200mm晶圆的生产技术成熟，开发和生产成本相对较低，制造工艺非常稳定。因此，许多不太复杂的芯片，如传感器和发射器以及更基本的处理单元，仍然基于这种200mm技术进行开发。</li><li>智能设备和物联网(IoT)的兴起导致对200mm产能的需求意外增加，从而导致短缺。尽管新的200毫米产能将于2021年推出，但代工厂可能有点不愿意投资这种略显过时的技术，因为一旦生产成本足够低，基于300毫米晶圆的生产仍有望接管。</li><li>这意味着与需求相比，供应预计将保持疲软。</li></ul><b>大部分晶圆产能集中在亚洲</b></blockquote></p><p> Manufacturers of electronic devices generally outsource their semiconductor production partially to large so-called foundries such as TSMC, which produce wafers for third parties. Most installed wafer capacity (the capacity to process blank silicon wafers into chips) is based in Taiwan and South Korea. China and Japan also represent a significant share. Altogether 70-75% of supply is sourced from Asia.</p><p><blockquote>电子设备制造商通常将半导体生产部分外包给台积电等大型所谓代工厂，这些代工厂为第三方生产晶圆。大多数已安装的硅片产能（将空白硅片加工成芯片的产能）位于台湾和韩国。中国和日本也占了很大的份额。总共70-75%的供应来自亚洲。</blockquote></p><p> Only a small portion is produced in Europe, making the continent dependent and sensitive to delivery issues. That’s why the EU aims to create more capacity in its own region, and the US also intends to ramp up chip production as part of President Biden’s recently announced stimulus plan.</p><p><blockquote>只有一小部分是在欧洲生产的，这使得欧洲大陆对交付问题依赖和敏感。这就是为什么欧盟的目标是在自己的地区创造更多产能，美国也打算提高芯片产量，作为拜登总统最近宣布的刺激计划的一部分。</blockquote></p><p> <b>Share of installed wafer capacity per region</b></p><p><blockquote><b>各地区晶圆装机量份额</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8b76d46b89e8aaf9673bfc593bdfd8d8\" tg-width=\"476\" tg-height=\"219\"><span>Source: Bain &amp; Company, ING Research</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：贝恩公司、荷兰国际集团研究部</span></p></blockquote></p><p> <b>Consumer electronics uses almost 75% of chip supplies</b></p><p><blockquote><b>消费电子产品使用了近75%的芯片供应</b></blockquote></p><p> In a digitalising world with fast-growing data volumes, various production sectors are increasingly dependent on chip supplies. Manufacturers of laptops and smartphones are obviously the largest consumers of chips, taking almost 75% of the pie. The remainder is delivered to the automotive sector, other manufacturers and infrastructure purposes. However, as we've just mentioned, with objects being increasingly connected and with more intelligence being built in, demand for semiconductors from all sides is on the rise.</p><p><blockquote>在数据量快速增长的数字化世界中，各个生产部门越来越依赖芯片供应。笔记本电脑和智能手机制造商显然是芯片的最大消费者，几乎占据了75%的份额。其余部分交付给汽车行业、其他制造商和基础设施用途。然而，正如我们刚才提到的，随着物体的日益连接和更多智能的内置，各方对半导体的需求都在上升。</blockquote></p><p> <b>Consumer electronics by far the largest chip user</b></p><p><blockquote><b>消费电子是迄今为止最大的芯片用户</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/dfb51ca713018ea1885614dd617a09bf\" tg-width=\"476\" tg-height=\"219\"><span>Source: IC Insights, figures Dec. 2020 (300mm), Dec. 2019 (200mm)</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：IC Insights，2020年12月（300毫米）、2019年12月（200毫米）数据</span></p></blockquote></p><p> <b>Automotive production takes a hit around the globe</b></p><p><blockquote><b>全球汽车生产受到打击</b></blockquote></p><p> The automotive industry has been especially hit hard by the semiconductor shortage. This is partly due to the common just-in-time manufacturing strategy. When automotive production was down 40% in the early days of the pandemic, many orders for car parts including semiconductors were cancelled. As demand for semiconductors recovered more quickly than expected, the spare production capacity has been allocated away from clients in the industry.</p><p><blockquote>汽车行业受到半导体短缺的打击尤其严重。这部分是由于常见的准时制制造策略。当疫情初期汽车产量下降40%时，包括半导体在内的许多汽车零部件订单被取消。由于半导体需求恢复速度快于预期，闲置产能已从业内客户手中分配出去。</blockquote></p><p> Carmakers seem to have overestimated availability. In the second half of 2020, manufacturers were struggling to get their hands on semiconductors Consequently, these manufacturers cut or suspended production at sites worldwide for short periods.</p><p><blockquote>汽车制造商似乎高估了可用性。2020年下半年，制造商正在努力获得半导体，因此，这些制造商在全球范围内短期削减或暂停生产。</blockquote></p><p> <b>Global car production at lower levels in 1Q 2021</b></p><p><blockquote><b>2021年第一季度全球汽车产量较低</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/06ea47f72759ffb19c1896c47ec353e8\" tg-width=\"476\" tg-height=\"219\"><span>Source: IHS Markit</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：IHS Markit</span></p></blockquote></p><p> <b>Continuing chip shortage limits car production recovery in 2021</b></p><p><blockquote><b>芯片持续短缺限制2021年汽车产量复苏</b></blockquote></p><p> Chip shortages led to around a million fewer cars being produced in the first quarter of 2021, according to IHS Market; that's some 5% of total production, and there were fewer cars being made than in the previous quarter. Compared with last year, global production is starting to recovery, but it's not easy to keep up with demand due to supply issues. Order books are full and lead times for new cars are up. We still expect global new car registrations to bounce back moderately, but recovery is expected to remain limited and we'll see just a few percentage points rise.</p><p><blockquote>根据IHS Market的数据，芯片短缺导致2021年第一季度汽车产量减少约100万辆；这约占总产量的5%，而且汽车产量比上一季度有所减少。与去年相比，全球产量开始恢复，但由于供应问题，要跟上需求并不容易。订单已满，新车的交货时间也延长了。我们仍然预计全球新车注册量将温和反弹，但复苏预计仍然有限，我们只会看到几个百分点的上升。</blockquote></p><p> <b>Shortages add to disruptions felt by manufacturing countries</b></p><p><blockquote><b>短缺加剧了制造国感受到的干扰</b></blockquote></p><p></p><p> In terms of impact, the disruption will be felt most in countries with a relatively large dependence on automotive manufacturing, such as Germany. Due to the popularity of lean manufacturing among automotive companies, production cuts will also be felt by automotive parts suppliers.</p><p><blockquote>就影响而言，对汽车制造业依赖度相对较大的国家，如德国，将感受到最大的破坏。由于精益制造在汽车企业中的普及，汽车零部件供应商也会感受到减产。</blockquote></p><p> Consumer electronics companies are also facing supply chain issues resulting from the semiconductor shortage, which will hit the likes of South Korea. However, this is partly a result of the strong performance of the historically high demand for consumer electronics. Compared to car makers, they seem to be in a better contractual position. Nevertheless, the industry would surely perform even better without the capacity constraints it's facing.</p><p><blockquote>消费电子公司还面临半导体短缺导致的供应链问题，这将打击韩国等国家。然而，这在一定程度上是消费电子产品历史高位需求的强劲表现的结果。与汽车制造商相比，他们似乎处于更好的合同地位。尽管如此，如果没有面临产能限制，该行业肯定会表现得更好。</blockquote></p><p></p>","source":"lsy1617971836454","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 Semiconductors Are As Scarce As Gold<blockquote>为什么半导体像黄金一样稀缺</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 Semiconductors Are As Scarce As Gold<blockquote>为什么半导体像黄金一样稀缺</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Think</strong><span class=\"h-time small\">2021-04-09 20:38</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>A shortage of semiconductors is a continuing and major issue.</li>  <li>The squeezed market is forcing manufacturers to slow down, weighing on recovery.</li>  <li>And ongoing strong demand keeps the pressure on.</li>  <li>A&nbsp;ramp-up of capital investment&nbsp;to boost production capacity helps, but it's going to take time before demand and supply are structurally in sync again.</li> </ul> <b>Demand and supply shocks squeeze chip markets</b></p><p><blockquote><ul><li>半导体短缺是一个持续的重大问题。</li><li>受挤压的市场迫使制造商放慢脚步，拖累复苏。</li><li>持续强劲的需求使压力持续存在。</li><li>增加资本投资以提高产能会有所帮助，但需求和供应在结构上再次同步还需要时间。</li></ul><b>供需冲击挤压芯片市场</b></blockquote></p><p> Computer chips are in short supply due to a sudden spike in demand linked to Covid-19. This demand shock is primarily caused by consumers who can't splash the cash on services such as restaurants and travel and who are now spending more on consumer electronics. The strong demand for home office equipment and faster-than-expected recovery from other sectors are also not helping.</p><p><blockquote>由于与新冠肺炎相关的需求突然激增，计算机芯片供应短缺。这种需求冲击主要是由消费者造成的，他们无法在餐馆和旅游等服务上花钱，现在在消费电子产品上花费更多。对家庭办公设备的强劲需求和其他行业快于预期的复苏也于事无补。</blockquote></p><p> On top of that, 5G cellular networks are rolling out and there's a subsequent rise in demand for new compatible smartphones. While most semiconductor factories operate at maximum capacity, breakdowns at four Texas facilities due to extreme cold and a fire at a Renesas Naka factory north of Tokyo worsened the situation going into the second quarter.</p><p><blockquote>最重要的是，5G蜂窝网络正在推出，随之而来的是对新型兼容智能手机的需求上升。虽然大多数半导体工厂都在以最大产能运营，但德克萨斯州的四家工厂因极端寒冷而发生故障，以及东京北部的瑞萨纳卡工厂发生火灾，使第二季度的情况更加恶化。</blockquote></p><p> Suppliers of game consoles and smartphones are having real trouble meeting the demand for their products due to the semiconductor shortage. You can also see it in the automotive industry, where there've been production cuts and planned interruptions.</p><p><blockquote>由于半导体短缺，游戏机和智能手机供应商在满足其产品需求方面遇到了真正的困难。你也可以在汽车行业看到这一点，那里出现了减产和计划中断。</blockquote></p><p> <b>Structural demand for chips is growing rapidly</b></p><p><blockquote><b>芯片结构性需求快速增长</b></blockquote></p><p> Although part of this demand shock is temporary, there's a structural dimension to rapidly expanding semiconductor usage. The market is expected to grow by double digits again in 2021, according to IC Insights. Many devices that used to be completely analogue are now digital and supported by integrated circuits. For example, smart thermostats or light bulbs compatible with home systems contain significant computational power to support their functionality as well as digital connectivity.</p><p><blockquote>尽管这种需求冲击部分是暂时的，但半导体使用的快速扩大存在结构性层面。根据IC Insights的数据，该市场预计将在2021年再次以两位数增长。许多过去完全模拟的设备现在都是数字化的，并由集成电路支持。例如，与家庭系统兼容的智能恒温器或灯泡包含强大的计算能力，以支持其功能以及数字连接。</blockquote></p><p> Cars and trucks also require an increasing number of semiconductors, thanks to the extension of integrated Advanced Driving Assistance Systems (ADAS) and board computers. The rise in the production of electric vehicles and future steps in autonomous driving will push demand up still further.</p><p><blockquote>由于集成式高级驾驶辅助系统（ADAS）和车载计算机的扩展，汽车和卡车也需要越来越多的半导体。电动汽车产量的增长和自动驾驶的未来举措将进一步推高需求。</blockquote></p><p> <b>Supply issues may spill into 2022</b></p><p><blockquote><b>供应问题可能会蔓延到2022年</b></blockquote></p><p> Current lead times for chips can be as long as 26 weeks and up to a year for some specific variants. Recent incidents at facilities in the US and Japan put the lead times further under pressure. Despite significant planned investments in semiconductor production facilities, capacity will remain scarce well into the second half of 2021. Even if the acute shortage is resolved in the second half of the year, semi-conductor manufacturing lines will remain operating at near-full capacity in the coming years, making the industry sensitive to future supply shocks.</p><p><blockquote>目前芯片的交付周期可能长达26周，对于一些特定的变体，可能长达一年。美国和日本工厂最近发生的事件进一步给交货时间带来了压力。尽管计划对半导体生产设施进行大量投资，但到2021年下半年，产能仍将稀缺。即使严重的短缺问题在下半年得到解决，半导体生产线在未来几年仍将保持接近满负荷运行，这使得该行业对未来的供应冲击非常敏感。</blockquote></p><p> <b>Capital investment boost will raise capacity, but this takes time</b></p><p><blockquote><b>资本投资的增加将提高产能，但这需要时间</b></blockquote></p><p> In order to meet growing demand, chipmakers started to ramp up investments. The Taiwanese company, TSMC (TSM), is boosting capital expenditure from USD17 billion in 2020 to USD28 billion in 2021. On top of that, the company plans to invest still more, to the tune of some USD100 billion in the next three years, to grow capacity.</p><p><blockquote>为了满足不断增长的需求，芯片制造商开始加大投资。台湾公司台积电(TSM)将资本支出从2020年的170亿美元增加到2021年的280亿美元。除此之外，该公司计划在未来三年内投资更多，达到约1000亿美元，以扩大产能。</blockquote></p><p> Samsung (SSNLF) also plans to increase semiconductor-related capital expenditure by 20%, up to USD31 billion this year, and announced there’s more to follow. Although these soaring investments will let supply catch up, this takes time and won’t bring much relief this year. Remember, chip production machines have long lead times. In the meantime, we notice that chip manufactures are ending volume discounts and some are also raising prices.</p><p><blockquote>三星(SSNLF)还计划今年将半导体相关资本支出增加20%，达到310亿美元，并宣布后续还会有更多资本支出。尽管这些飙升的投资会让供应迎头赶上，但这需要时间，今年不会带来太多缓解。请记住，芯片生产机器的交货时间很长。与此同时，我们注意到芯片制造商正在结束批量折扣，一些制造商也在提高价格。</blockquote></p><p> The science bit</p><p><blockquote>科学位</blockquote></p><p></p><p> <ul>  <li>Chip production starts with wafers. A wafer (slice of semiconductor) acts as a substrate for microelectronic devices. Many so-called integrated circuits are printed on 200mm silicon wafers, being provided by silicon producers. Since the introduction of 300mm wafers in 2002, 200mm wafers were expected to phase out. Therefore, most investments in production capacity have been directed to production lines based on 300mm wafers.</li>  <li>However, 200mm wafer-based production is technologically mature, offering relatively low development and production costs and very stable manufacturing processes. Therefore, many of the less-complex chips, such as sensors and transmitters and the more basic processing units, are still being developed based on this 200mm technology.</li>  <li>The rise of smart devices and the Internet of Things (IoT) causes an unanticipated rise in demand for 200mm production capacity, contributing to the shortage. Although fresh 200mm capacity is coming available in 2021, foundries may be a bit reluctant to invest in this slightly dated technology, since 300mm wafer-based production is still expected to take over once production costs are sufficiently low.</li>  <li>This means that supply is expected to remain weak compared to demand.</li> </ul> <b>Most wafer production capacity concentrated in Asia</b></p><p><blockquote><ul><li>芯片生产从晶圆开始。晶片（半导体切片）用作微电子器件的衬底。许多所谓的集成电路印刷在200毫米的硅片上，由硅生产商提供。自2002年推出300mm晶圆以来，预计200mm晶圆将逐步淘汰。因此，大部分产能投资都投向了基于300mm晶圆的产线。</li><li>然而，基于200mm晶圆的生产技术成熟，开发和生产成本相对较低，制造工艺非常稳定。因此，许多不太复杂的芯片，如传感器和发射器以及更基本的处理单元，仍然基于这种200mm技术进行开发。</li><li>智能设备和物联网(IoT)的兴起导致对200mm产能的需求意外增加，从而导致短缺。尽管新的200毫米产能将于2021年推出，但代工厂可能有点不愿意投资这种略显过时的技术，因为一旦生产成本足够低，基于300毫米晶圆的生产仍有望接管。</li><li>这意味着与需求相比，供应预计将保持疲软。</li></ul><b>大部分晶圆产能集中在亚洲</b></blockquote></p><p> Manufacturers of electronic devices generally outsource their semiconductor production partially to large so-called foundries such as TSMC, which produce wafers for third parties. Most installed wafer capacity (the capacity to process blank silicon wafers into chips) is based in Taiwan and South Korea. China and Japan also represent a significant share. Altogether 70-75% of supply is sourced from Asia.</p><p><blockquote>电子设备制造商通常将半导体生产部分外包给台积电等大型所谓代工厂，这些代工厂为第三方生产晶圆。大多数已安装的硅片产能（将空白硅片加工成芯片的产能）位于台湾和韩国。中国和日本也占了很大的份额。总共70-75%的供应来自亚洲。</blockquote></p><p> Only a small portion is produced in Europe, making the continent dependent and sensitive to delivery issues. That’s why the EU aims to create more capacity in its own region, and the US also intends to ramp up chip production as part of President Biden’s recently announced stimulus plan.</p><p><blockquote>只有一小部分是在欧洲生产的，这使得欧洲大陆对交付问题依赖和敏感。这就是为什么欧盟的目标是在自己的地区创造更多产能，美国也打算提高芯片产量，作为拜登总统最近宣布的刺激计划的一部分。</blockquote></p><p> <b>Share of installed wafer capacity per region</b></p><p><blockquote><b>各地区晶圆装机量份额</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8b76d46b89e8aaf9673bfc593bdfd8d8\" tg-width=\"476\" tg-height=\"219\"><span>Source: Bain &amp; Company, ING Research</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：贝恩公司、荷兰国际集团研究部</span></p></blockquote></p><p> <b>Consumer electronics uses almost 75% of chip supplies</b></p><p><blockquote><b>消费电子产品使用了近75%的芯片供应</b></blockquote></p><p> In a digitalising world with fast-growing data volumes, various production sectors are increasingly dependent on chip supplies. Manufacturers of laptops and smartphones are obviously the largest consumers of chips, taking almost 75% of the pie. The remainder is delivered to the automotive sector, other manufacturers and infrastructure purposes. However, as we've just mentioned, with objects being increasingly connected and with more intelligence being built in, demand for semiconductors from all sides is on the rise.</p><p><blockquote>在数据量快速增长的数字化世界中，各个生产部门越来越依赖芯片供应。笔记本电脑和智能手机制造商显然是芯片的最大消费者，几乎占据了75%的份额。其余部分交付给汽车行业、其他制造商和基础设施用途。然而，正如我们刚才提到的，随着物体的日益连接和更多智能的内置，各方对半导体的需求都在上升。</blockquote></p><p> <b>Consumer electronics by far the largest chip user</b></p><p><blockquote><b>消费电子是迄今为止最大的芯片用户</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/dfb51ca713018ea1885614dd617a09bf\" tg-width=\"476\" tg-height=\"219\"><span>Source: IC Insights, figures Dec. 2020 (300mm), Dec. 2019 (200mm)</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：IC Insights，2020年12月（300毫米）、2019年12月（200毫米）数据</span></p></blockquote></p><p> <b>Automotive production takes a hit around the globe</b></p><p><blockquote><b>全球汽车生产受到打击</b></blockquote></p><p> The automotive industry has been especially hit hard by the semiconductor shortage. This is partly due to the common just-in-time manufacturing strategy. When automotive production was down 40% in the early days of the pandemic, many orders for car parts including semiconductors were cancelled. As demand for semiconductors recovered more quickly than expected, the spare production capacity has been allocated away from clients in the industry.</p><p><blockquote>汽车行业受到半导体短缺的打击尤其严重。这部分是由于常见的准时制制造策略。当疫情初期汽车产量下降40%时，包括半导体在内的许多汽车零部件订单被取消。由于半导体需求恢复速度快于预期，闲置产能已从业内客户手中分配出去。</blockquote></p><p> Carmakers seem to have overestimated availability. In the second half of 2020, manufacturers were struggling to get their hands on semiconductors Consequently, these manufacturers cut or suspended production at sites worldwide for short periods.</p><p><blockquote>汽车制造商似乎高估了可用性。2020年下半年，制造商正在努力获得半导体，因此，这些制造商在全球范围内短期削减或暂停生产。</blockquote></p><p> <b>Global car production at lower levels in 1Q 2021</b></p><p><blockquote><b>2021年第一季度全球汽车产量较低</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/06ea47f72759ffb19c1896c47ec353e8\" tg-width=\"476\" tg-height=\"219\"><span>Source: IHS Markit</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：IHS Markit</span></p></blockquote></p><p> <b>Continuing chip shortage limits car production recovery in 2021</b></p><p><blockquote><b>芯片持续短缺限制2021年汽车产量复苏</b></blockquote></p><p> Chip shortages led to around a million fewer cars being produced in the first quarter of 2021, according to IHS Market; that's some 5% of total production, and there were fewer cars being made than in the previous quarter. Compared with last year, global production is starting to recovery, but it's not easy to keep up with demand due to supply issues. Order books are full and lead times for new cars are up. We still expect global new car registrations to bounce back moderately, but recovery is expected to remain limited and we'll see just a few percentage points rise.</p><p><blockquote>根据IHS Market的数据，芯片短缺导致2021年第一季度汽车产量减少约100万辆；这约占总产量的5%，而且汽车产量比上一季度有所减少。与去年相比，全球产量开始恢复，但由于供应问题，要跟上需求并不容易。订单已满，新车的交货时间也延长了。我们仍然预计全球新车注册量将温和反弹，但复苏预计仍然有限，我们只会看到几个百分点的上升。</blockquote></p><p> <b>Shortages add to disruptions felt by manufacturing countries</b></p><p><blockquote><b>短缺加剧了制造国感受到的干扰</b></blockquote></p><p></p><p> In terms of impact, the disruption will be felt most in countries with a relatively large dependence on automotive manufacturing, such as Germany. Due to the popularity of lean manufacturing among automotive companies, production cuts will also be felt by automotive parts suppliers.</p><p><blockquote>就影响而言，对汽车制造业依赖度相对较大的国家，如德国，将感受到最大的破坏。由于精益制造在汽车企业中的普及，汽车零部件供应商也会感受到减产。</blockquote></p><p> Consumer electronics companies are also facing supply chain issues resulting from the semiconductor shortage, which will hit the likes of South Korea. However, this is partly a result of the strong performance of the historically high demand for consumer electronics. Compared to car makers, they seem to be in a better contractual position. Nevertheless, the industry would surely perform even better without the capacity constraints it's facing.</p><p><blockquote>消费电子公司还面临半导体短缺导致的供应链问题，这将打击韩国等国家。然而，这在一定程度上是消费电子产品历史高位需求的强劲表现的结果。与汽车制造商相比，他们似乎处于更好的合同地位。尽管如此，如果没有面临产能限制，该行业肯定会表现得更好。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://think.ing.com/articles/why-semiconductors-have-become-scarce-as-gold\">Think</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":{"688981":"中芯国际","INTC":"英特尔","SSNLF":"三星电子","TSM":"台积电","QCOM":"高通",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","00981":"中芯国际","AMD":"美国超微公司",".DJI":"道琼斯"},"source_url":"https://think.ing.com/articles/why-semiconductors-have-become-scarce-as-gold","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1115040048","content_text":"Summary\n\nA shortage of semiconductors is a continuing and major issue.\nThe squeezed market is forcing manufacturers to slow down, weighing on recovery.\nAnd ongoing strong demand keeps the pressure on.\nA ramp-up of capital investment to boost production capacity helps, but it's going to take time before demand and supply are structurally in sync again.\n\nDemand and supply shocks squeeze chip markets\nComputer chips are in short supply due to a sudden spike in demand linked to Covid-19. This demand shock is primarily caused by consumers who can't splash the cash on services such as restaurants and travel and who are now spending more on consumer electronics. The strong demand for home office equipment and faster-than-expected recovery from other sectors are also not helping.\nOn top of that, 5G cellular networks are rolling out and there's a subsequent rise in demand for new compatible smartphones. While most semiconductor factories operate at maximum capacity, breakdowns at four Texas facilities due to extreme cold and a fire at a Renesas Naka factory north of Tokyo worsened the situation going into the second quarter.\nSuppliers of game consoles and smartphones are having real trouble meeting the demand for their products due to the semiconductor shortage. You can also see it in the automotive industry, where there've been production cuts and planned interruptions.\nStructural demand for chips is growing rapidly\nAlthough part of this demand shock is temporary, there's a structural dimension to rapidly expanding semiconductor usage. The market is expected to grow by double digits again in 2021, according to IC Insights. Many devices that used to be completely analogue are now digital and supported by integrated circuits. For example, smart thermostats or light bulbs compatible with home systems contain significant computational power to support their functionality as well as digital connectivity.\nCars and trucks also require an increasing number of semiconductors, thanks to the extension of integrated Advanced Driving Assistance Systems (ADAS) and board computers. The rise in the production of electric vehicles and future steps in autonomous driving will push demand up still further.\nSupply issues may spill into 2022\nCurrent lead times for chips can be as long as 26 weeks and up to a year for some specific variants. Recent incidents at facilities in the US and Japan put the lead times further under pressure. Despite significant planned investments in semiconductor production facilities, capacity will remain scarce well into the second half of 2021. Even if the acute shortage is resolved in the second half of the year, semi-conductor manufacturing lines will remain operating at near-full capacity in the coming years, making the industry sensitive to future supply shocks.\nCapital investment boost will raise capacity, but this takes time\nIn order to meet growing demand, chipmakers started to ramp up investments. The Taiwanese company, TSMC (TSM), is boosting capital expenditure from USD17 billion in 2020 to USD28 billion in 2021. On top of that, the company plans to invest still more, to the tune of some USD100 billion in the next three years, to grow capacity.\nSamsung (SSNLF) also plans to increase semiconductor-related capital expenditure by 20%, up to USD31 billion this year, and announced there’s more to follow. Although these soaring investments will let supply catch up, this takes time and won’t bring much relief this year. Remember, chip production machines have long lead times. In the meantime, we notice that chip manufactures are ending volume discounts and some are also raising prices.\nThe science bit\n\nChip production starts with wafers. A wafer (slice of semiconductor) acts as a substrate for microelectronic devices. Many so-called integrated circuits are printed on 200mm silicon wafers, being provided by silicon producers. Since the introduction of 300mm wafers in 2002, 200mm wafers were expected to phase out. Therefore, most investments in production capacity have been directed to production lines based on 300mm wafers.\nHowever, 200mm wafer-based production is technologically mature, offering relatively low development and production costs and very stable manufacturing processes. Therefore, many of the less-complex chips, such as sensors and transmitters and the more basic processing units, are still being developed based on this 200mm technology.\nThe rise of smart devices and the Internet of Things (IoT) causes an unanticipated rise in demand for 200mm production capacity, contributing to the shortage. Although fresh 200mm capacity is coming available in 2021, foundries may be a bit reluctant to invest in this slightly dated technology, since 300mm wafer-based production is still expected to take over once production costs are sufficiently low.\nThis means that supply is expected to remain weak compared to demand.\n\nMost wafer production capacity concentrated in Asia\nManufacturers of electronic devices generally outsource their semiconductor production partially to large so-called foundries such as TSMC, which produce wafers for third parties. Most installed wafer capacity (the capacity to process blank silicon wafers into chips) is based in Taiwan and South Korea. China and Japan also represent a significant share. Altogether 70-75% of supply is sourced from Asia.\nOnly a small portion is produced in Europe, making the continent dependent and sensitive to delivery issues. That’s why the EU aims to create more capacity in its own region, and the US also intends to ramp up chip production as part of President Biden’s recently announced stimulus plan.\nShare of installed wafer capacity per region\nSource: Bain & Company, ING Research\nConsumer electronics uses almost 75% of chip supplies\nIn a digitalising world with fast-growing data volumes, various production sectors are increasingly dependent on chip supplies. Manufacturers of laptops and smartphones are obviously the largest consumers of chips, taking almost 75% of the pie. The remainder is delivered to the automotive sector, other manufacturers and infrastructure purposes. However, as we've just mentioned, with objects being increasingly connected and with more intelligence being built in, demand for semiconductors from all sides is on the rise.\nConsumer electronics by far the largest chip user\nSource: IC Insights, figures Dec. 2020 (300mm), Dec. 2019 (200mm)\nAutomotive production takes a hit around the globe\nThe automotive industry has been especially hit hard by the semiconductor shortage. This is partly due to the common just-in-time manufacturing strategy. When automotive production was down 40% in the early days of the pandemic, many orders for car parts including semiconductors were cancelled. As demand for semiconductors recovered more quickly than expected, the spare production capacity has been allocated away from clients in the industry.\nCarmakers seem to have overestimated availability. In the second half of 2020, manufacturers were struggling to get their hands on semiconductors Consequently, these manufacturers cut or suspended production at sites worldwide for short periods.\nGlobal car production at lower levels in 1Q 2021\nSource: IHS Markit\nContinuing chip shortage limits car production recovery in 2021\nChip shortages led to around a million fewer cars being produced in the first quarter of 2021, according to IHS Market; that's some 5% of total production, and there were fewer cars being made than in the previous quarter. Compared with last year, global production is starting to recovery, but it's not easy to keep up with demand due to supply issues. Order books are full and lead times for new cars are up. We still expect global new car registrations to bounce back moderately, but recovery is expected to remain limited and we'll see just a few percentage points rise.\nShortages add to disruptions felt by manufacturing countries\nIn terms of impact, the disruption will be felt most in countries with a relatively large dependence on automotive manufacturing, such as Germany. Due to the popularity of lean manufacturing among automotive companies, production cuts will also be felt by automotive parts suppliers.\nConsumer electronics companies are also facing supply chain issues resulting from the semiconductor shortage, which will hit the likes of South Korea. However, this is partly a result of the strong performance of the historically high demand for consumer electronics. Compared to car makers, they seem to be in a better contractual position. Nevertheless, the industry would surely perform even better without the capacity constraints it's facing.","news_type":1,"symbols_score_info":{"688981":0.9,"TSM":0.9,".IXIC":0.9,"AMD":0.9,"SSNLF":0.9,".DJI":0.9,"INTC":0.9,"00981":0.9,"QCOM":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":1639,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":346995646,"gmtCreate":1617978528685,"gmtModify":1631891822542,"author":{"id":"3572685978072370","authorId":"3572685978072370","name":"JLYJ","avatar":"https://static.tigerbbs.com/de57572f1fa11e3decd397d6be51e2e6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572685978072370","idStr":"3572685978072370"},"themes":[],"htmlText":"I think coinbase will be hot","listText":"I think coinbase will be hot","text":"I think coinbase will be hot","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/346995646","repostId":"1168300924","repostType":4,"repost":{"id":"1168300924","kind":"news","pubTimestamp":1617955250,"share":"https://www.laohu8.com/m/news/1168300924?lang=zh_CN&edition=full","pubTime":"2021-04-09 16:00","market":"us","language":"en","title":"Next Week’s IPO Lineup Is Growing. It Could Be Busy.<blockquote>下周IPO阵容不断壮大。可能会很忙。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1168300924","media":"barrons","summary":"The second week of April is shaping up to be a relatively strong time for the IPO market. As many as four more companies are making their stock-market debuts, bringing the total to at least six.Coinbase, the largest U.S. cryptocurrency exchange,is slated to open for trading on Wednesday, April 14. Applovin and TuSimple are listing the next day, three people familiar with the situation said. Agilon Health ismaking its debut that Thursday.And Alkami Technology,a bank software company, and Karat Pa","content":"<p>The second week of April is shaping up to be a relatively strong time for the IPO market. As many as four more companies are making their stock-market debuts, bringing the total to at least six.</p><p><blockquote>4月的第二周将成为IPO市场相对强劲的时期。又有多达四家公司在股市首次亮相，使总数至少达到六家。</blockquote></p><p>Coinbase, the largest U.S. cryptocurrency exchange,is slated to open for trading on Wednesday, April 14. Applovin and TuSimple are listing the next day, three people familiar with the situation said. Agilon Health ismaking its debut that Thursday.</p><p><blockquote>美国最大的加密货币交易所Coinbase定于4月14日星期三开业交易。三位知情人士表示，Applovin和图森未来将于第二天上市。Agilon Health将于周四首次亮相。</blockquote></p><p>And Alkami Technology,a bank software company, and Karat Packaging, whichmakes environmentally-friendly disposable food service products, are also reportedly going public.</p><p><blockquote>据报道，银行软件公司Alkami Technology和生产环保一次性食品服务产品的Karat Packaging也将上市。</blockquote></p><p>This week, by way of contrast, two companies, Reneo Pharmaceuticals and VectivBio Holding, are listing. Both are small biotech companies that areslated to begin trading on the Nasdaq on Friday.</p><p><blockquote>相比之下，本周有两家公司Reneo Pharmaceuticals和VectivBio Holding上市。这两家公司都是小型生物技术公司，预计将于周五在纳斯达克开始交易。</blockquote></p><p>Applovin on Wednesday set terms for its initial public offering. It is offering 25 million shares at $75 to $85 each, which means it could raise as much as $2.13 billion if the stock sells at the high end of that range. The company plans to trade on the Nasdaq under the symbol APP.</p><p><blockquote>Applovin周三设定了首次公开募股的条款。该公司将以每股75至85美元的价格发行2500万股股票，这意味着如果该股票以该区间的高端出售，它可以筹集高达21.3亿美元的资金。该公司计划在纳斯达克以APP为代码进行交易。</blockquote></p><p>Eighteen underwriters are listed in the Applovin prospectus, includingMorgan Stanley(ticker: MS),JPMorgan Chase(JPM),KKR,&nbsp;Bank of America‘s (BAC) BofA Securities, andCitigroup(C).</p><p><blockquote>Applovin招股说明书中列出了18家承销商，包括摩根士丹利（股票代码：MS）、摩根大通(JPM)、KKR、美国银行(BAC)美银证券和花旗集团(C)。</blockquote></p><p>Founded in 2012, Applovin&nbsp;provides software&nbsp;used by mobile-game developers to grow their businesses.&nbsp; Some 410 million people a day open apps that contain Applovin software, according to the company. Applovin also has a portfolio of more than 200 free-to-play mobile games with 32 million daily users.</p><p><blockquote>Applovin成立于2012年，提供手机游戏开发商用来发展业务的软件。据该公司称，每天约有4.1亿人打开包含Applovin软件的应用程序。Applovin还拥有200多款免费手机游戏，日用户达3200万。</blockquote></p><p>In 2018, KKRbought a minority stakein Applovin for $400 million, valuing Applovin at $2 billion at the time. Applovin in February acquired Adjust, a firm that helps mobile-app developers measure the performance of apps and prevent fraud, for $1 billion. KKR will own 67.4% of the company after the IPO, theprospectus said.</p><p><blockquote>2018年，KKR以4亿美元收购了Applovin的少数股权，当时Applovin的估值为20亿美元。Applovin今年2月以10亿美元收购了Adjust，这是一家帮助移动应用开发者衡量应用性能和防止欺诈的公司。招股说明书称，IPO后KKR将拥有该公司67.4%的股份。</blockquote></p><p>With 357,955,309 shares outstanding, Applovin’s market capitalization could hit $30 billion.</p><p><blockquote>Applovin的流通股为357,955,309股，市值可能达到300亿美元。</blockquote></p><p>TuSimple also set terms for its IPO. The self-driving technology company could raise as much as $1.3 billion; it is offering nearly 34 million shares at $35 to $39 each. It will trade on the Nasdaq under the ticker TSP.</p><p><blockquote>图森未来还设定了IPO条款。这家自动驾驶技术公司可能筹集高达13亿美元的资金；该公司以每股35至39美元的价格发行近3400万股股票。它将在纳斯达克交易，股票代码为TSP。</blockquote></p><p>Morgan Stanley(MS),Citigroup,and J.P. Morgan (JPM) are lead bookrunners on the deal.</p><p><blockquote>摩根士丹利（MS）、花旗集团和摩根大通（JPM）是该交易的牵头账簿管理人。</blockquote></p><p>Founded in 2015, TuSimple is looking to transform the $800 billion trucking industry. The San Diego company, which has plants in Tucson, Shanghai, and Beijing, in addition to operations in Japan, is developing an autonomous freight network for long-haul, semi-trucks that it says will increase efficiency and safety on the road, while cutting operating costs.</p><p><blockquote>图森未来成立于2015年，旨在改变价值8000亿美元的卡车运输业。这家圣地亚哥公司除了在日本开展业务外，还在图森、上海和北京设有工厂，正在为长途半挂卡车开发自动货运网络，据称这将提高道路效率和安全性，同时削减运营成本。</blockquote></p><p>TuSimple develops software for the Level 4 self-driving, long-haul trucks, which can see up to 1,000 meters away, equivalent to 30 seconds of driving time. High-definition maps provide accuracy within five centimeters.</p><p><blockquote>图森未来为4级自动驾驶长途卡车开发软件，可以看到1000米以外的地方，相当于30秒的驾驶时间。高清地图提供了五厘米以内的精度。</blockquote></p><p>The company is partnering withNavistar(NAV) to develop trucks for the North American market by 2024,its prospectus said. TuSimple has another partnership withVolkswagensubsidiary TRATON for trucks in Europe. Navistar, TRATON, and United Parcel Service (UPS) are all investors.</p><p><blockquote>招股说明书称，该公司正在与Navistar(NAV)合作，到2024年为北美市场开发卡车。图森未来与大众汽车子公司TRATON在欧洲建立了卡车合作伙伴关系。Navistar、TRATON和联合包裹服务公司(UPS)都是投资者。</blockquote></p><p>TuSimple has raised $800 million in funding, including a $350 million round in November led by VectoIQ.BlackRock(BR), Fidelity Management &amp; Research Co and Capital Group are in talks to buy up to 10.1 million TuSimple shares at the IPO price, the prospectus said.</p><p><blockquote>图森未来已筹集8亿美元资金，其中包括11月份由VectoIQ领投的3.5亿美元融资。招股说明书称，贝莱德(BR)、富达管理与研究公司和资本集团正在洽谈以IPO价格购买最多1010万股图森未来股票。</blockquote></p><p>The company will have 212,263,328 shares outstanding, meaning TuSimple’s market cap could climb to $8.3 billion. TuSimple, however, is not profitable. Losses widened to $177.9 million in 2020 from $84.9 million in 2019. Revenue jumped nearly 160% to $1.8 million in 2020.</p><p><blockquote>该公司将拥有212,263,328股已发行股票，这意味着图森未来的市值可能攀升至83亿美元。然而，图森未来并未盈利。亏损从2019年的8490万美元扩大至2020年的1.779亿美元。2020年收入增长近160%至180万美元。</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>Next Week’s IPO Lineup Is Growing. It Could Be Busy.<blockquote>下周IPO阵容不断壮大。可能会很忙。</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\">\nNext Week’s IPO Lineup Is Growing. It Could Be Busy.<blockquote>下周IPO阵容不断壮大。可能会很忙。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">barrons</strong><span class=\"h-time small\">2021-04-09 16:00</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The second week of April is shaping up to be a relatively strong time for the IPO market. As many as four more companies are making their stock-market debuts, bringing the total to at least six.</p><p><blockquote>4月的第二周将成为IPO市场相对强劲的时期。又有多达四家公司在股市首次亮相，使总数至少达到六家。</blockquote></p><p>Coinbase, the largest U.S. cryptocurrency exchange,is slated to open for trading on Wednesday, April 14. Applovin and TuSimple are listing the next day, three people familiar with the situation said. Agilon Health ismaking its debut that Thursday.</p><p><blockquote>美国最大的加密货币交易所Coinbase定于4月14日星期三开业交易。三位知情人士表示，Applovin和图森未来将于第二天上市。Agilon Health将于周四首次亮相。</blockquote></p><p>And Alkami Technology,a bank software company, and Karat Packaging, whichmakes environmentally-friendly disposable food service products, are also reportedly going public.</p><p><blockquote>据报道，银行软件公司Alkami Technology和生产环保一次性食品服务产品的Karat Packaging也将上市。</blockquote></p><p>This week, by way of contrast, two companies, Reneo Pharmaceuticals and VectivBio Holding, are listing. Both are small biotech companies that areslated to begin trading on the Nasdaq on Friday.</p><p><blockquote>相比之下，本周有两家公司Reneo Pharmaceuticals和VectivBio Holding上市。这两家公司都是小型生物技术公司，预计将于周五在纳斯达克开始交易。</blockquote></p><p>Applovin on Wednesday set terms for its initial public offering. It is offering 25 million shares at $75 to $85 each, which means it could raise as much as $2.13 billion if the stock sells at the high end of that range. The company plans to trade on the Nasdaq under the symbol APP.</p><p><blockquote>Applovin周三设定了首次公开募股的条款。该公司将以每股75至85美元的价格发行2500万股股票，这意味着如果该股票以该区间的高端出售，它可以筹集高达21.3亿美元的资金。该公司计划在纳斯达克以APP为代码进行交易。</blockquote></p><p>Eighteen underwriters are listed in the Applovin prospectus, includingMorgan Stanley(ticker: MS),JPMorgan Chase(JPM),KKR,&nbsp;Bank of America‘s (BAC) BofA Securities, andCitigroup(C).</p><p><blockquote>Applovin招股说明书中列出了18家承销商，包括摩根士丹利（股票代码：MS）、摩根大通(JPM)、KKR、美国银行(BAC)美银证券和花旗集团(C)。</blockquote></p><p>Founded in 2012, Applovin&nbsp;provides software&nbsp;used by mobile-game developers to grow their businesses.&nbsp; Some 410 million people a day open apps that contain Applovin software, according to the company. Applovin also has a portfolio of more than 200 free-to-play mobile games with 32 million daily users.</p><p><blockquote>Applovin成立于2012年，提供手机游戏开发商用来发展业务的软件。据该公司称，每天约有4.1亿人打开包含Applovin软件的应用程序。Applovin还拥有200多款免费手机游戏，日用户达3200万。</blockquote></p><p>In 2018, KKRbought a minority stakein Applovin for $400 million, valuing Applovin at $2 billion at the time. Applovin in February acquired Adjust, a firm that helps mobile-app developers measure the performance of apps and prevent fraud, for $1 billion. KKR will own 67.4% of the company after the IPO, theprospectus said.</p><p><blockquote>2018年，KKR以4亿美元收购了Applovin的少数股权，当时Applovin的估值为20亿美元。Applovin今年2月以10亿美元收购了Adjust，这是一家帮助移动应用开发者衡量应用性能和防止欺诈的公司。招股说明书称，IPO后KKR将拥有该公司67.4%的股份。</blockquote></p><p>With 357,955,309 shares outstanding, Applovin’s market capitalization could hit $30 billion.</p><p><blockquote>Applovin的流通股为357,955,309股，市值可能达到300亿美元。</blockquote></p><p>TuSimple also set terms for its IPO. The self-driving technology company could raise as much as $1.3 billion; it is offering nearly 34 million shares at $35 to $39 each. It will trade on the Nasdaq under the ticker TSP.</p><p><blockquote>图森未来还设定了IPO条款。这家自动驾驶技术公司可能筹集高达13亿美元的资金；该公司以每股35至39美元的价格发行近3400万股股票。它将在纳斯达克交易，股票代码为TSP。</blockquote></p><p>Morgan Stanley(MS),Citigroup,and J.P. Morgan (JPM) are lead bookrunners on the deal.</p><p><blockquote>摩根士丹利（MS）、花旗集团和摩根大通（JPM）是该交易的牵头账簿管理人。</blockquote></p><p>Founded in 2015, TuSimple is looking to transform the $800 billion trucking industry. The San Diego company, which has plants in Tucson, Shanghai, and Beijing, in addition to operations in Japan, is developing an autonomous freight network for long-haul, semi-trucks that it says will increase efficiency and safety on the road, while cutting operating costs.</p><p><blockquote>图森未来成立于2015年，旨在改变价值8000亿美元的卡车运输业。这家圣地亚哥公司除了在日本开展业务外，还在图森、上海和北京设有工厂，正在为长途半挂卡车开发自动货运网络，据称这将提高道路效率和安全性，同时削减运营成本。</blockquote></p><p>TuSimple develops software for the Level 4 self-driving, long-haul trucks, which can see up to 1,000 meters away, equivalent to 30 seconds of driving time. High-definition maps provide accuracy within five centimeters.</p><p><blockquote>图森未来为4级自动驾驶长途卡车开发软件，可以看到1000米以外的地方，相当于30秒的驾驶时间。高清地图提供了五厘米以内的精度。</blockquote></p><p>The company is partnering withNavistar(NAV) to develop trucks for the North American market by 2024,its prospectus said. TuSimple has another partnership withVolkswagensubsidiary TRATON for trucks in Europe. Navistar, TRATON, and United Parcel Service (UPS) are all investors.</p><p><blockquote>招股说明书称，该公司正在与Navistar(NAV)合作，到2024年为北美市场开发卡车。图森未来与大众汽车子公司TRATON在欧洲建立了卡车合作伙伴关系。Navistar、TRATON和联合包裹服务公司(UPS)都是投资者。</blockquote></p><p>TuSimple has raised $800 million in funding, including a $350 million round in November led by VectoIQ.BlackRock(BR), Fidelity Management &amp; Research Co and Capital Group are in talks to buy up to 10.1 million TuSimple shares at the IPO price, the prospectus said.</p><p><blockquote>图森未来已筹集8亿美元资金，其中包括11月份由VectoIQ领投的3.5亿美元融资。招股说明书称，贝莱德(BR)、富达管理与研究公司和资本集团正在洽谈以IPO价格购买最多1010万股图森未来股票。</blockquote></p><p>The company will have 212,263,328 shares outstanding, meaning TuSimple’s market cap could climb to $8.3 billion. TuSimple, however, is not profitable. Losses widened to $177.9 million in 2020 from $84.9 million in 2019. Revenue jumped nearly 160% to $1.8 million in 2020.</p><p><blockquote>该公司将拥有212,263,328股已发行股票，这意味着图森未来的市值可能攀升至83亿美元。然而，图森未来并未盈利。亏损从2019年的8490万美元扩大至2020年的1.779亿美元。2020年收入增长近160%至180万美元。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/next-weeks-ipo-lineup-is-growing-it-could-be-busy-51617907448?mod=hp_LEAD_1_B_2\">barrons</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"APP":"AppLovin Corporation","ALKT":"Alkami Technology, Inc.","KRT":"Karat Packaging Inc.","COIN":"Coinbase Global, Inc."},"source_url":"https://www.barrons.com/articles/next-weeks-ipo-lineup-is-growing-it-could-be-busy-51617907448?mod=hp_LEAD_1_B_2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1168300924","content_text":"The second week of April is shaping up to be a relatively strong time for the IPO market. As many as four more companies are making their stock-market debuts, bringing the total to at least six.Coinbase, the largest U.S. cryptocurrency exchange,is slated to open for trading on Wednesday, April 14. Applovin and TuSimple are listing the next day, three people familiar with the situation said. Agilon Health ismaking its debut that Thursday.And Alkami Technology,a bank software company, and Karat Packaging, whichmakes environmentally-friendly disposable food service products, are also reportedly going public.This week, by way of contrast, two companies, Reneo Pharmaceuticals and VectivBio Holding, are listing. Both are small biotech companies that areslated to begin trading on the Nasdaq on Friday.Applovin on Wednesday set terms for its initial public offering. It is offering 25 million shares at $75 to $85 each, which means it could raise as much as $2.13 billion if the stock sells at the high end of that range. The company plans to trade on the Nasdaq under the symbol APP.Eighteen underwriters are listed in the Applovin prospectus, includingMorgan Stanley(ticker: MS),JPMorgan Chase(JPM),KKR, Bank of America‘s (BAC) BofA Securities, andCitigroup(C).Founded in 2012, Applovin provides software used by mobile-game developers to grow their businesses.  Some 410 million people a day open apps that contain Applovin software, according to the company. Applovin also has a portfolio of more than 200 free-to-play mobile games with 32 million daily users.In 2018, KKRbought a minority stakein Applovin for $400 million, valuing Applovin at $2 billion at the time. Applovin in February acquired Adjust, a firm that helps mobile-app developers measure the performance of apps and prevent fraud, for $1 billion. KKR will own 67.4% of the company after the IPO, theprospectus said.With 357,955,309 shares outstanding, Applovin’s market capitalization could hit $30 billion.TuSimple also set terms for its IPO. The self-driving technology company could raise as much as $1.3 billion; it is offering nearly 34 million shares at $35 to $39 each. It will trade on the Nasdaq under the ticker TSP.Morgan Stanley(MS),Citigroup,and J.P. Morgan (JPM) are lead bookrunners on the deal.Founded in 2015, TuSimple is looking to transform the $800 billion trucking industry. The San Diego company, which has plants in Tucson, Shanghai, and Beijing, in addition to operations in Japan, is developing an autonomous freight network for long-haul, semi-trucks that it says will increase efficiency and safety on the road, while cutting operating costs.TuSimple develops software for the Level 4 self-driving, long-haul trucks, which can see up to 1,000 meters away, equivalent to 30 seconds of driving time. High-definition maps provide accuracy within five centimeters.The company is partnering withNavistar(NAV) to develop trucks for the North American market by 2024,its prospectus said. TuSimple has another partnership withVolkswagensubsidiary TRATON for trucks in Europe. Navistar, TRATON, and United Parcel Service (UPS) are all investors.TuSimple has raised $800 million in funding, including a $350 million round in November led by VectoIQ.BlackRock(BR), Fidelity Management & Research Co and Capital Group are in talks to buy up to 10.1 million TuSimple shares at the IPO price, the prospectus said.The company will have 212,263,328 shares outstanding, meaning TuSimple’s market cap could climb to $8.3 billion. TuSimple, however, is not profitable. Losses widened to $177.9 million in 2020 from $84.9 million in 2019. Revenue jumped nearly 160% to $1.8 million in 2020.","news_type":1,"symbols_score_info":{"KRT":0.9,"VECT":0.9,"APP":0.9,"TSP":0.9,"RPHM":0.9,"ALKT":0.9,"COIN":0.9}},"isVote":1,"tweetType":1,"viewCount":1710,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":361035872,"gmtCreate":1614178369596,"gmtModify":1634550846113,"author":{"id":"3572685978072370","authorId":"3572685978072370","name":"JLYJ","avatar":"https://static.tigerbbs.com/de57572f1fa11e3decd397d6be51e2e6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572685978072370","idStr":"3572685978072370"},"themes":[],"htmlText":"The China&nbsp;market is big enough for all the EV companyies to flourish.","listText":"The China&nbsp;market is big enough for all the EV companyies to flourish.","text":"The China market is big enough for all the EV companyies to flourish.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/361035872","repostId":"1115367460","repostType":4,"isVote":1,"tweetType":1,"viewCount":449,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":340440136,"gmtCreate":1617461655725,"gmtModify":1631891822548,"author":{"id":"3572685978072370","authorId":"3572685978072370","name":"JLYJ","avatar":"https://static.tigerbbs.com/de57572f1fa11e3decd397d6be51e2e6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572685978072370","idStr":"3572685978072370"},"themes":[],"htmlText":"Diversification is good","listText":"Diversification is good","text":"Diversification is good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/340440136","repostId":"1112964874","repostType":4,"isVote":1,"tweetType":1,"viewCount":1920,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":355305296,"gmtCreate":1617027039815,"gmtModify":1631891822555,"author":{"id":"3572685978072370","authorId":"3572685978072370","name":"JLYJ","avatar":"https://static.tigerbbs.com/de57572f1fa11e3decd397d6be51e2e6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572685978072370","idStr":"3572685978072370"},"themes":[],"htmlText":"It's getting more volatile","listText":"It's getting more volatile","text":"It's getting more volatile","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/355305296","repostId":"2123535672","repostType":4,"isVote":1,"tweetType":1,"viewCount":550,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":160060963,"gmtCreate":1623766740652,"gmtModify":1631891822533,"author":{"id":"3572685978072370","authorId":"3572685978072370","name":"JLYJ","avatar":"https://static.tigerbbs.com/de57572f1fa11e3decd397d6be51e2e6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572685978072370","idStr":"3572685978072370"},"themes":[],"htmlText":"Dangerous","listText":"Dangerous","text":"Dangerous","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/160060963","repostId":"1128180606","repostType":4,"isVote":1,"tweetType":1,"viewCount":1341,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":184948070,"gmtCreate":1623682151590,"gmtModify":1631891822539,"author":{"id":"3572685978072370","authorId":"3572685978072370","name":"JLYJ","avatar":"https://static.tigerbbs.com/de57572f1fa11e3decd397d6be51e2e6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572685978072370","idStr":"3572685978072370"},"themes":[],"htmlText":"Exciting","listText":"Exciting","text":"Exciting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/184948070","repostId":"1172057691","repostType":4,"repost":{"id":"1172057691","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":1623672122,"share":"https://www.laohu8.com/m/news/1172057691?lang=zh_CN&edition=full","pubTime":"2021-06-14 20:02","market":"us","language":"en","title":"Toplines Before US Market Open on Monday<blockquote>周一美国市场开盘前的顶线</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1172057691","media":"Tiger Newspress","summary":"U.S. stocks are seen opening marginally higher Monday, remaining near record levels, heading into a ","content":"<p>U.S. stocks are seen opening marginally higher Monday, remaining near record levels, heading into a week that includes a keenly-awaited Federal Reserve meeting.</p><p><blockquote>预计美国股市周一小幅高开，仍接近创纪录水平，进入包括备受期待的美联储会议在内的一周。</blockquote></p><p> At 7 AM ET (1200 GMT), the Dow futures contract was up just 5 points, or less than 0.1%, S&amp;P 500 futures traded 3 points, or 0.1%, higher, and Nasdaq 100 futures climbed 50 points, or 0.3%.</p><p><blockquote>截至美国东部时间上午7点（格林威治标准时间1200），道指期货合约仅上涨5点，涨幅不到0.1%，标普500期货上涨3点，涨幅0.1%，纳斯达克100期货上涨50点，涨幅0.3%。</blockquote></p><p> The three major indices closed just higher Friday, with the broad-based S&amp;P 500 ending up 0.2%, at a new record high. The blue-chip Dow gained under 0.1% while the tech-heavy Nasdaq Composite closed 0.4% higher, helped by a rotation back into growth names.</p><p><blockquote>周五三大股指小幅收高，基础广泛的标普500收盘上涨0.2%，创历史新高。蓝筹股道琼斯指数上涨不到0.1%，而以科技股为主的纳斯达克综合指数收盘上涨0.4%，这得益于股票回归成长型股票。</blockquote></p><p> The Fed’s two-day policy meeting, ending Wednesday, will likely limit activity in the early part of the week. The central bank is not expected to take any immediate action, but investors will be focusing on the statement to see whether the policy makers open discussions about how and when to taper the $120 billion in monthly central bank bond purchases.</p><p><blockquote>美联储为期两天的政策会议将于周三结束，可能会限制本周初的经济活动。预计央行不会立即采取任何行动，但投资者将关注这份声明，看看政策制定者是否会就如何以及何时缩减每月1200亿美元的央行债券购买展开讨论。</blockquote></p><p> Crude oil prices pushed higher Monday, trading near multi-year highs, helped by an improved outlook for demand as increased Covid-19 vaccinations push global travel back to near normalcy.</p><p><blockquote>原油价格周一走高，交易价格接近多年高点，得益于需求前景改善，因为Covid-19疫苗接种的增加推动全球旅行恢复到接近正常的水平。</blockquote></p><p> U.S. daily air travelers have topped 2 million for the first time since the pandemic began with traffic returning to pre-pandemic levels in North America and much of Europe as lockdowns and other restrictions are being eased, although the U.K. could throw a spanner in the works later Monday.</p><p><blockquote>自大流行开始以来，美国每日航空旅客人数首次突破200万，随着封锁和其他限制的放松，北美和欧洲大部分地区的客流量恢复到大流行前的水平，尽管英国可能会在周一晚些时候采取行动。</blockquote></p><p> <b>Stocks making the biggest moves in the premarket:</b></p><p><blockquote><b>盘前涨幅最大的股票：</b></blockquote></p><p> <b>Novavax(NVAX)</b> – The drugmaker said its Covid-19 vaccine proved 90% effective overall in a late-stage trial, and 93% effective against the most predominant variants of the virus. It also provided 100% protection against moderate and severe disease. Novavax shares surged 10.4% in premarket trading.</p><p><blockquote><b>诺瓦瓦克斯(NVAX)</b>–该制药商表示，其Covid-19疫苗在后期试验中被证明总体有效率为90%，对病毒最主要变种的有效率为93%。它还提供100%的中度和重度疾病保护。Novavax股价在盘前交易中飙升10.4%。</blockquote></p><p> <b>Lordstown Motors(RIDE) </b>– The electric truck maker announced the resignation of CEO Steve Burns and CFO Julio Rodriguez, days after the company warned there was doubt it could continue as a going concern. Lordstown has engaged a search firm to find replacements for Burns and Rodriguez. Shares tumbled 8% in the premarket.</p><p><blockquote><b>洛兹敦汽车公司(RIDE)</b>-这家电动卡车制造商宣布首席执行官史蒂夫·伯恩斯和首席财务官胡里奥·罗德里格斯辞职，几天前该公司警告称，对其能否继续持续经营表示怀疑。洛兹敦已经聘请了一家猎头公司来寻找伯恩斯和罗德里格斯的替代者。盘前股价下跌8%。</blockquote></p><p> <b>Phillips(PHG)</b> – Phillips shares slid 4.3% in premarket action after saying it would recall up to 4 million CPAP machines due to potential toxicity risks. The foam used in the sleep apnea treatment devices could degrade and potentially become toxic. The Dutch medical equipment company is the largest producer of CPAP machines.</p><p><blockquote><b>菲利普斯(PHG)</b>-菲利普斯表示，由于潜在的毒性风险，将召回多达400万台CPAP机器，该公司股价在盘前下跌4.3%。睡眠呼吸暂停治疗装置中使用的泡沫可能降解并可能变得有毒。这家荷兰医疗设备公司是CPAP机器的最大生产商。</blockquote></p><p> <b>Chipotle Mexican Grill(CMG)</b> – Raymond James upgraded the restaurant chain’s shares to “strong buy” from “outperform”, predicting that recent menu price increases would push second-half profit well beyond consensus forecasts. Chipotle shares gained 1.4% in the premarket.</p><p><blockquote><b>Chipotle墨西哥烧烤店(CMG)</b>–Raymond James将这家连锁餐厅的股票评级从“跑赢大盘”上调至“强力买入”，预计近期菜单价格上涨将推动下半年利润远超市场普遍预期。Chipotle股价盘前上涨1.4%。</blockquote></p><p> <b>Ferrari(RACE)</b> – Goldman Sachs gave the automaker’s stock a double downgrade, moving its rating to “sell” from “buy”, noting increased capital spending and a limited scope for positive earnings revisions. Ferrari fell 2.7% in the premarket.</p><p><blockquote><b>法拉利（赛车）</b>-高盛对这家汽车制造商的股票进行了双重下调，将其评级从“买入”上调至“卖出”，并指出资本支出增加，盈利积极修正的空间有限。法拉利盘前下跌2.7%。</blockquote></p><p> <b>GlaxoSmithKline(GSK)</b> – The drugmaker is collaborating with clinical-stage biopharmaceutical companyiTeos Therapeutics(ITOS) to develop and commercialize EOS-448, a monoclonal antibody in early-stage development as a possible cancer treatment. iTeos soared 60.4% in the premarket.</p><p><blockquote><b>葛兰素史克（GSK）</b>-该制药商正在与临床阶段生物制药公司Iteos Therapeutics(ITOS)合作开发和商业化EOS-448，这是一种处于早期开发阶段的单克隆抗体，作为一种可能的癌症治疗方法。iTeos盘前飙升60.4%。</blockquote></p><p> <b>AstraZeneca(AZN) </b>– The drugmaker’s Covid-19 vaccine has a favorable risk/reward profile for all age groups and particularly for those 60 years and older, according to the head of the European Medicines Agency’s Covid-19 task force. Marco Cavaleri said his quote in an Italian newspaper saying the vaccine should not be given to those over 60 was not interpreted correctly.</p><p><blockquote><b>阿斯利康(AZN)</b>-根据欧洲药品管理局Covid-19工作组负责人的说法，该制药商的Covid-19疫苗对所有年龄组，特别是60岁及以上的人都具有良好的风险/回报特征。马尔科·卡瓦莱里(Marco Cavaleri)表示，他在一家意大利报纸上引用的不应给60岁以上的人接种疫苗的言论没有得到正确解释。</blockquote></p><p> <b>Royal Dutch Shell(RDS.A)</b> – The energy giant is considering a sale of shale assets in Texas, according to people familiar with the matter who spoke to Reuters. Such a could be worth more than $10 billion. Shares gained 2% in premarket trading.</p><p><blockquote><b>荷兰皇家壳牌公司(RDS.A)</b>–据接受路透社采访的知情人士透露，这家能源巨头正在考虑出售德克萨斯州的页岩资产。这样的价值可能超过100亿美元。股价在盘前交易中上涨2%。</blockquote></p><p> <b>Oatly(OTLY) </b>– The oat milk maker received a mixed batch of initial ratings from a handful of investment firms. Oatly received ratings of “perform” (Oppenheimer), “outperform” (Credit Suisse), “equal-weight” (Morgan Stanley), “overweight” (Piper Sandler), “buy” (Jefferies, Guggenheim), “neutral” (JPMorgan Chase) and “sector perform” (RBC Capital). All agree on growth prospects for Oatly – but some firms feel those prospects are already priced into the stock.</p><p><blockquote><b>燕麦(OTLY)</b>-这家燕麦牛奶制造商从少数投资公司获得了不同的初始评级。Oatly获得“表现”（Oppenheimer）、“跑赢大盘”（瑞士信贷）、“同等权重”（摩根士丹利）、“跑赢大盘”（Piper Sandler）、“买入”（Jefferies、Guggenheim）、“中性”的评级”（摩根大通）和“行业表现”（加拿大皇家银行资本）。所有人都同意Oatly的增长前景，但一些公司认为这些前景已经反映在该股的价格中。</blockquote></p><p> <b>Qualcomm(QCOM)</b> – Qualcomm is prepared to invest in UK chipmaker Arm if its $40 billion deal to be acquired byNvidia(NVDA) is blocked by regulators, according to the Telegraph newspaper quoting CEO Cristiano Amon.</p><p><blockquote><b>高通(QCOM)</b>-据《每日电讯报》援引英国芯片制造商Arm首席执行官克里斯蒂亚诺·阿蒙(Cristiano Amon)的400亿美元收购交易被监管机构阻止，高通准备投资英国芯片制造商Arm。</blockquote></p><p> <b>Equinix(EQIX)</b> – Equinix struck a deal for additional joint ventures with Singapore’s sovereign wealth fund to expand its data center operations there. The deal will see the fund invest an additional $3.9 billion, bringing the total investment to more than $6.9 billion.</p><p><blockquote><b>Equinix(EQIX)</b>-Equinix与新加坡主权财富基金达成了额外合资企业的协议，以扩大其在新加坡的数据中心业务。这笔交易将使该基金额外投资39亿美元，使总投资超过69亿美元。</blockquote></p><p></p><p> <b>NextGen Acquisition(NGAC) </b>– The special purpose acquisition company is in advanced talks to take Sir Richard Branson’s Virgin Orbit public, according to Sky News. Sky said a deal valuing Virgin Orbit at about $3 billion could be announced within the coming weeks. NextGen shares gained 1.9% in the premarket.</p><p><blockquote><b>下一代收购(NGAC)</b>-据天空新闻报道，这家特殊目的收购公司正在就理查德·布兰森爵士的维珍轨道公司上市进行深入谈判。天空电视台表示，维珍轨道公司估值约为30亿美元的交易可能会在未来几周内宣布。NextGen股价盘前上涨1.9%。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Toplines Before US Market Open on Monday<blockquote>周一美国市场开盘前的顶线</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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\">\nToplines Before US Market Open on Monday<blockquote>周一美国市场开盘前的顶线</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-06-14 20:02</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>U.S. stocks are seen opening marginally higher Monday, remaining near record levels, heading into a week that includes a keenly-awaited Federal Reserve meeting.</p><p><blockquote>预计美国股市周一小幅高开，仍接近创纪录水平，进入包括备受期待的美联储会议在内的一周。</blockquote></p><p> At 7 AM ET (1200 GMT), the Dow futures contract was up just 5 points, or less than 0.1%, S&amp;P 500 futures traded 3 points, or 0.1%, higher, and Nasdaq 100 futures climbed 50 points, or 0.3%.</p><p><blockquote>截至美国东部时间上午7点（格林威治标准时间1200），道指期货合约仅上涨5点，涨幅不到0.1%，标普500期货上涨3点，涨幅0.1%，纳斯达克100期货上涨50点，涨幅0.3%。</blockquote></p><p> The three major indices closed just higher Friday, with the broad-based S&amp;P 500 ending up 0.2%, at a new record high. The blue-chip Dow gained under 0.1% while the tech-heavy Nasdaq Composite closed 0.4% higher, helped by a rotation back into growth names.</p><p><blockquote>周五三大股指小幅收高，基础广泛的标普500收盘上涨0.2%，创历史新高。蓝筹股道琼斯指数上涨不到0.1%，而以科技股为主的纳斯达克综合指数收盘上涨0.4%，这得益于股票回归成长型股票。</blockquote></p><p> The Fed’s two-day policy meeting, ending Wednesday, will likely limit activity in the early part of the week. The central bank is not expected to take any immediate action, but investors will be focusing on the statement to see whether the policy makers open discussions about how and when to taper the $120 billion in monthly central bank bond purchases.</p><p><blockquote>美联储为期两天的政策会议将于周三结束，可能会限制本周初的经济活动。预计央行不会立即采取任何行动，但投资者将关注这份声明，看看政策制定者是否会就如何以及何时缩减每月1200亿美元的央行债券购买展开讨论。</blockquote></p><p> Crude oil prices pushed higher Monday, trading near multi-year highs, helped by an improved outlook for demand as increased Covid-19 vaccinations push global travel back to near normalcy.</p><p><blockquote>原油价格周一走高，交易价格接近多年高点，得益于需求前景改善，因为Covid-19疫苗接种的增加推动全球旅行恢复到接近正常的水平。</blockquote></p><p> U.S. daily air travelers have topped 2 million for the first time since the pandemic began with traffic returning to pre-pandemic levels in North America and much of Europe as lockdowns and other restrictions are being eased, although the U.K. could throw a spanner in the works later Monday.</p><p><blockquote>自大流行开始以来，美国每日航空旅客人数首次突破200万，随着封锁和其他限制的放松，北美和欧洲大部分地区的客流量恢复到大流行前的水平，尽管英国可能会在周一晚些时候采取行动。</blockquote></p><p> <b>Stocks making the biggest moves in the premarket:</b></p><p><blockquote><b>盘前涨幅最大的股票：</b></blockquote></p><p> <b>Novavax(NVAX)</b> – The drugmaker said its Covid-19 vaccine proved 90% effective overall in a late-stage trial, and 93% effective against the most predominant variants of the virus. It also provided 100% protection against moderate and severe disease. Novavax shares surged 10.4% in premarket trading.</p><p><blockquote><b>诺瓦瓦克斯(NVAX)</b>–该制药商表示，其Covid-19疫苗在后期试验中被证明总体有效率为90%，对病毒最主要变种的有效率为93%。它还提供100%的中度和重度疾病保护。Novavax股价在盘前交易中飙升10.4%。</blockquote></p><p> <b>Lordstown Motors(RIDE) </b>– The electric truck maker announced the resignation of CEO Steve Burns and CFO Julio Rodriguez, days after the company warned there was doubt it could continue as a going concern. Lordstown has engaged a search firm to find replacements for Burns and Rodriguez. Shares tumbled 8% in the premarket.</p><p><blockquote><b>洛兹敦汽车公司(RIDE)</b>-这家电动卡车制造商宣布首席执行官史蒂夫·伯恩斯和首席财务官胡里奥·罗德里格斯辞职，几天前该公司警告称，对其能否继续持续经营表示怀疑。洛兹敦已经聘请了一家猎头公司来寻找伯恩斯和罗德里格斯的替代者。盘前股价下跌8%。</blockquote></p><p> <b>Phillips(PHG)</b> – Phillips shares slid 4.3% in premarket action after saying it would recall up to 4 million CPAP machines due to potential toxicity risks. The foam used in the sleep apnea treatment devices could degrade and potentially become toxic. The Dutch medical equipment company is the largest producer of CPAP machines.</p><p><blockquote><b>菲利普斯(PHG)</b>-菲利普斯表示，由于潜在的毒性风险，将召回多达400万台CPAP机器，该公司股价在盘前下跌4.3%。睡眠呼吸暂停治疗装置中使用的泡沫可能降解并可能变得有毒。这家荷兰医疗设备公司是CPAP机器的最大生产商。</blockquote></p><p> <b>Chipotle Mexican Grill(CMG)</b> – Raymond James upgraded the restaurant chain’s shares to “strong buy” from “outperform”, predicting that recent menu price increases would push second-half profit well beyond consensus forecasts. Chipotle shares gained 1.4% in the premarket.</p><p><blockquote><b>Chipotle墨西哥烧烤店(CMG)</b>–Raymond James将这家连锁餐厅的股票评级从“跑赢大盘”上调至“强力买入”，预计近期菜单价格上涨将推动下半年利润远超市场普遍预期。Chipotle股价盘前上涨1.4%。</blockquote></p><p> <b>Ferrari(RACE)</b> – Goldman Sachs gave the automaker’s stock a double downgrade, moving its rating to “sell” from “buy”, noting increased capital spending and a limited scope for positive earnings revisions. Ferrari fell 2.7% in the premarket.</p><p><blockquote><b>法拉利（赛车）</b>-高盛对这家汽车制造商的股票进行了双重下调，将其评级从“买入”上调至“卖出”，并指出资本支出增加，盈利积极修正的空间有限。法拉利盘前下跌2.7%。</blockquote></p><p> <b>GlaxoSmithKline(GSK)</b> – The drugmaker is collaborating with clinical-stage biopharmaceutical companyiTeos Therapeutics(ITOS) to develop and commercialize EOS-448, a monoclonal antibody in early-stage development as a possible cancer treatment. iTeos soared 60.4% in the premarket.</p><p><blockquote><b>葛兰素史克（GSK）</b>-该制药商正在与临床阶段生物制药公司Iteos Therapeutics(ITOS)合作开发和商业化EOS-448，这是一种处于早期开发阶段的单克隆抗体，作为一种可能的癌症治疗方法。iTeos盘前飙升60.4%。</blockquote></p><p> <b>AstraZeneca(AZN) </b>– The drugmaker’s Covid-19 vaccine has a favorable risk/reward profile for all age groups and particularly for those 60 years and older, according to the head of the European Medicines Agency’s Covid-19 task force. Marco Cavaleri said his quote in an Italian newspaper saying the vaccine should not be given to those over 60 was not interpreted correctly.</p><p><blockquote><b>阿斯利康(AZN)</b>-根据欧洲药品管理局Covid-19工作组负责人的说法，该制药商的Covid-19疫苗对所有年龄组，特别是60岁及以上的人都具有良好的风险/回报特征。马尔科·卡瓦莱里(Marco Cavaleri)表示，他在一家意大利报纸上引用的不应给60岁以上的人接种疫苗的言论没有得到正确解释。</blockquote></p><p> <b>Royal Dutch Shell(RDS.A)</b> – The energy giant is considering a sale of shale assets in Texas, according to people familiar with the matter who spoke to Reuters. Such a could be worth more than $10 billion. Shares gained 2% in premarket trading.</p><p><blockquote><b>荷兰皇家壳牌公司(RDS.A)</b>–据接受路透社采访的知情人士透露，这家能源巨头正在考虑出售德克萨斯州的页岩资产。这样的价值可能超过100亿美元。股价在盘前交易中上涨2%。</blockquote></p><p> <b>Oatly(OTLY) </b>– The oat milk maker received a mixed batch of initial ratings from a handful of investment firms. Oatly received ratings of “perform” (Oppenheimer), “outperform” (Credit Suisse), “equal-weight” (Morgan Stanley), “overweight” (Piper Sandler), “buy” (Jefferies, Guggenheim), “neutral” (JPMorgan Chase) and “sector perform” (RBC Capital). All agree on growth prospects for Oatly – but some firms feel those prospects are already priced into the stock.</p><p><blockquote><b>燕麦(OTLY)</b>-这家燕麦牛奶制造商从少数投资公司获得了不同的初始评级。Oatly获得“表现”（Oppenheimer）、“跑赢大盘”（瑞士信贷）、“同等权重”（摩根士丹利）、“跑赢大盘”（Piper Sandler）、“买入”（Jefferies、Guggenheim）、“中性”的评级”（摩根大通）和“行业表现”（加拿大皇家银行资本）。所有人都同意Oatly的增长前景，但一些公司认为这些前景已经反映在该股的价格中。</blockquote></p><p> <b>Qualcomm(QCOM)</b> – Qualcomm is prepared to invest in UK chipmaker Arm if its $40 billion deal to be acquired byNvidia(NVDA) is blocked by regulators, according to the Telegraph newspaper quoting CEO Cristiano Amon.</p><p><blockquote><b>高通(QCOM)</b>-据《每日电讯报》援引英国芯片制造商Arm首席执行官克里斯蒂亚诺·阿蒙(Cristiano Amon)的400亿美元收购交易被监管机构阻止，高通准备投资英国芯片制造商Arm。</blockquote></p><p> <b>Equinix(EQIX)</b> – Equinix struck a deal for additional joint ventures with Singapore’s sovereign wealth fund to expand its data center operations there. The deal will see the fund invest an additional $3.9 billion, bringing the total investment to more than $6.9 billion.</p><p><blockquote><b>Equinix(EQIX)</b>-Equinix与新加坡主权财富基金达成了额外合资企业的协议，以扩大其在新加坡的数据中心业务。这笔交易将使该基金额外投资39亿美元，使总投资超过69亿美元。</blockquote></p><p></p><p> <b>NextGen Acquisition(NGAC) </b>– The special purpose acquisition company is in advanced talks to take Sir Richard Branson’s Virgin Orbit public, according to Sky News. Sky said a deal valuing Virgin Orbit at about $3 billion could be announced within the coming weeks. NextGen shares gained 1.9% in the premarket.</p><p><blockquote><b>下一代收购(NGAC)</b>-据天空新闻报道，这家特殊目的收购公司正在就理查德·布兰森爵士的维珍轨道公司上市进行深入谈判。天空电视台表示，维珍轨道公司估值约为30亿美元的交易可能会在未来几周内宣布。NextGen股价盘前上涨1.9%。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"EQIX":"易昆尼克斯","AZN":"阿斯利康","RACE":"法拉利","QCOM":"高通","GSK":"葛兰素史克","OTLY":"Oatly Group AB","RDS.A":"荷兰皇家壳牌石油A类股","PHG":"飞利浦","NVAX":"诺瓦瓦克斯医药","CMG":"墨式烧烤"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1172057691","content_text":"U.S. stocks are seen opening marginally higher Monday, remaining near record levels, heading into a week that includes a keenly-awaited Federal Reserve meeting.\nAt 7 AM ET (1200 GMT), the Dow futures contract was up just 5 points, or less than 0.1%, S&P 500 futures traded 3 points, or 0.1%, higher, and Nasdaq 100 futures climbed 50 points, or 0.3%.\nThe three major indices closed just higher Friday, with the broad-based S&P 500 ending up 0.2%, at a new record high. The blue-chip Dow gained under 0.1% while the tech-heavy Nasdaq Composite closed 0.4% higher, helped by a rotation back into growth names.\nThe Fed’s two-day policy meeting, ending Wednesday, will likely limit activity in the early part of the week. The central bank is not expected to take any immediate action, but investors will be focusing on the statement to see whether the policy makers open discussions about how and when to taper the $120 billion in monthly central bank bond purchases.\nCrude oil prices pushed higher Monday, trading near multi-year highs, helped by an improved outlook for demand as increased Covid-19 vaccinations push global travel back to near normalcy.\nU.S. daily air travelers have topped 2 million for the first time since the pandemic began with traffic returning to pre-pandemic levels in North America and much of Europe as lockdowns and other restrictions are being eased, although the U.K. could throw a spanner in the works later Monday.\nStocks making the biggest moves in the premarket:\nNovavax(NVAX) – The drugmaker said its Covid-19 vaccine proved 90% effective overall in a late-stage trial, and 93% effective against the most predominant variants of the virus. It also provided 100% protection against moderate and severe disease. Novavax shares surged 10.4% in premarket trading.\nLordstown Motors(RIDE) – The electric truck maker announced the resignation of CEO Steve Burns and CFO Julio Rodriguez, days after the company warned there was doubt it could continue as a going concern. Lordstown has engaged a search firm to find replacements for Burns and Rodriguez. Shares tumbled 8% in the premarket.\nPhillips(PHG) – Phillips shares slid 4.3% in premarket action after saying it would recall up to 4 million CPAP machines due to potential toxicity risks. The foam used in the sleep apnea treatment devices could degrade and potentially become toxic. The Dutch medical equipment company is the largest producer of CPAP machines.\nChipotle Mexican Grill(CMG) – Raymond James upgraded the restaurant chain’s shares to “strong buy” from “outperform”, predicting that recent menu price increases would push second-half profit well beyond consensus forecasts. Chipotle shares gained 1.4% in the premarket.\nFerrari(RACE) – Goldman Sachs gave the automaker’s stock a double downgrade, moving its rating to “sell” from “buy”, noting increased capital spending and a limited scope for positive earnings revisions. Ferrari fell 2.7% in the premarket.\nGlaxoSmithKline(GSK) – The drugmaker is collaborating with clinical-stage biopharmaceutical companyiTeos Therapeutics(ITOS) to develop and commercialize EOS-448, a monoclonal antibody in early-stage development as a possible cancer treatment. iTeos soared 60.4% in the premarket.\nAstraZeneca(AZN) – The drugmaker’s Covid-19 vaccine has a favorable risk/reward profile for all age groups and particularly for those 60 years and older, according to the head of the European Medicines Agency’s Covid-19 task force. Marco Cavaleri said his quote in an Italian newspaper saying the vaccine should not be given to those over 60 was not interpreted correctly.\nRoyal Dutch Shell(RDS.A) – The energy giant is considering a sale of shale assets in Texas, according to people familiar with the matter who spoke to Reuters. Such a could be worth more than $10 billion. Shares gained 2% in premarket trading.\nOatly(OTLY) – The oat milk maker received a mixed batch of initial ratings from a handful of investment firms. Oatly received ratings of “perform” (Oppenheimer), “outperform” (Credit Suisse), “equal-weight” (Morgan Stanley), “overweight” (Piper Sandler), “buy” (Jefferies, Guggenheim), “neutral” (JPMorgan Chase) and “sector perform” (RBC Capital). All agree on growth prospects for Oatly – but some firms feel those prospects are already priced into the stock.\nQualcomm(QCOM) – Qualcomm is prepared to invest in UK chipmaker Arm if its $40 billion deal to be acquired byNvidia(NVDA) is blocked by regulators, according to the Telegraph newspaper quoting CEO Cristiano Amon.\nEquinix(EQIX) – Equinix struck a deal for additional joint ventures with Singapore’s sovereign wealth fund to expand its data center operations there. The deal will see the fund invest an additional $3.9 billion, bringing the total investment to more than $6.9 billion.\nNextGen Acquisition(NGAC) – The special purpose acquisition company is in advanced talks to take Sir Richard Branson’s Virgin Orbit public, according to Sky News. Sky said a deal valuing Virgin Orbit at about $3 billion could be announced within the coming weeks. NextGen shares gained 1.9% in the premarket.","news_type":1,"symbols_score_info":{"OTLY":0.9,"RACE":0.9,"GSK":0.9,"NGAC":0.9,"NVAX":0.9,"AZN":0.9,"CMG":0.9,"EQIX":0.9,"QCOM":0.9,"RIDE":0.9,"RDS.A":0.9,"PHG":0.9}},"isVote":1,"tweetType":1,"viewCount":1544,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":865467867,"gmtCreate":1633011756846,"gmtModify":1633011757042,"author":{"id":"3572685978072370","authorId":"3572685978072370","name":"JLYJ","avatar":"https://static.tigerbbs.com/de57572f1fa11e3decd397d6be51e2e6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572685978072370","idStr":"3572685978072370"},"themes":[],"htmlText":"Good recommendation","listText":"Good recommendation","text":"Good recommendation","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/865467867","repostId":"2171986054","repostType":4,"isVote":1,"tweetType":1,"viewCount":2268,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":166757165,"gmtCreate":1624026127957,"gmtModify":1631891822529,"author":{"id":"3572685978072370","authorId":"3572685978072370","name":"JLYJ","avatar":"https://static.tigerbbs.com/de57572f1fa11e3decd397d6be51e2e6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572685978072370","idStr":"3572685978072370"},"themes":[],"htmlText":"Good choice","listText":"Good choice","text":"Good choice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/166757165","repostId":"2144775875","repostType":4,"isVote":1,"tweetType":1,"viewCount":1428,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":160085129,"gmtCreate":1623766663061,"gmtModify":1631891822534,"author":{"id":"3572685978072370","authorId":"3572685978072370","name":"JLYJ","avatar":"https://static.tigerbbs.com/de57572f1fa11e3decd397d6be51e2e6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572685978072370","idStr":"3572685978072370"},"themes":[],"htmlText":"Worth to watch","listText":"Worth to watch","text":"Worth to watch","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/160085129","repostId":"1127088935","repostType":4,"isVote":1,"tweetType":1,"viewCount":1511,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":354486387,"gmtCreate":1617196907949,"gmtModify":1631891822555,"author":{"id":"3572685978072370","authorId":"3572685978072370","name":"JLYJ","avatar":"https://static.tigerbbs.com/de57572f1fa11e3decd397d6be51e2e6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572685978072370","idStr":"3572685978072370"},"themes":[],"htmlText":"It's a creative ETF","listText":"It's a creative ETF","text":"It's a creative ETF","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/354486387","repostId":"1126047060","repostType":4,"repost":{"id":"1126047060","kind":"news","pubTimestamp":1617185695,"share":"https://www.laohu8.com/m/news/1126047060?lang=zh_CN&edition=full","pubTime":"2021-03-31 18:14","market":"us","language":"en","title":"Why Cathie Wood’s Space ETF Has Some Unexpected Holdings<blockquote>为什么Cathie Wood的Space ETF持有一些意想不到的股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1126047060","media":"Barron's","summary":"The ARK Space Exploration & Innovation exchange-traded fund –the eighth fund from Cathie Wood’s ARK Investment Management–attracted a lot of eyeballs at its launch on Tuesday. But investors found some surprises in the fund’s portfolio: Some popular firms in space-exploration related fields were not included, while other seemingly unrelated names–including half a dozen internet tech giants–make up a significant weight.That is because ARK’s space fund  isn’t limited to companies directly involved ","content":"<p>The ARK Space Exploration &amp; Innovation exchange-traded fund –the eighth fund from Cathie Wood’s ARK Investment Management–attracted a lot of eyeballs at its launch on Tuesday. But investors found some surprises in the fund’s portfolio: Some popular firms in space-exploration related fields were not included, while other seemingly unrelated names–including half a dozen internet tech giants–make up a significant weight.</p><p><blockquote>方舟太空探索与创新交易所交易基金是凯西·伍德(Cathie Wood)方舟投资管理公司(ARK Investment Management)的第八只基金，在周二推出时吸引了众多眼球。但投资者在该基金的投资组合中发现了一些惊喜：太空探索相关领域的一些受欢迎的公司没有被包括在内，而其他看似不相关的公司——包括六家互联网科技巨头——却占据了很大的权重。</blockquote></p><p>That is because ARK’s space fund (ticker: ARKX) isn’t limited to companies directly involved in the space business, but also other innovations that have indirectly enabled the space boom. The ETF owns Google parent Alphabet (ticker: GOOG), for example, because it’s a leader in artificial intelligence. NVIDIA (NVDA), another holding, manufactures computer chips that allow rockets to operate efficiently.</p><p><blockquote>这是因为方舟的太空基金（股票代码：ARKX）不仅限于直接参与太空业务的公司，还包括间接推动太空繁荣的其他创新。例如，该ETF拥有谷歌母公司Alphabet（股票代码：GOOG），因为它是人工智能领域的领导者。另一家控股公司英伟达(NVDA)生产计算机芯片，使火箭能够高效运行。</blockquote></p><p>The fund’s second-largest position is another ARK product, the $548 million ARK 3D Printing ETF (PRNT). That’s because many rocket parts are 3D printed for reasons related to cost, weight, and durability, says Ren Leggi, client portfolio manager at ARK. To be sure, the 0.66% management fee of the ARK 3D Printing ETF is fully rebated back to ARKX investors. “We are not double dipping,” says Leggi, “You are not paying double-layer fees.”</p><p><blockquote>该基金的第二大头寸是另一只ARK产品，价值5.48亿美元的ARK 3D打印ETF(PRNT)。ARK客户投资组合经理Ren Leggi表示，这是因为出于成本、重量和耐用性等原因，许多火箭部件都是3D打印的。可以肯定的是，ARK 3D打印ETF的0.66%管理费全额返还给ARKX投资者。“我们不会二次探底，”莱吉说，“你不会支付双层费用。”</blockquote></p><p>The fund also holds companies that are well-positioned to benefit from the development in aerospace-related tech. E-commerce giants like Amazon.com (AMZN) and Alibaba (BABA) are included because they can save delivery costs and generate revenue from drones if that market matures and scales. Netflix (NFLX), another holding, could potentially unlock millions of new users as satellite broadband connects more people to the internet. “There are three billion people who do not have access to internet,” says Leggi. “Satellite connectivity opens up the market. It really is about anything above ground.”</p><p><blockquote>该基金还持有能够从航空航天相关技术发展中受益的公司。亚马逊（AMZN）和阿里巴巴-SW（BABA）等电子商务巨头也被包括在内，因为如果市场成熟并扩大规模，它们可以节省送货成本并从无人机中产生收入。随着卫星宽带将更多人连接到互联网，另一家控股公司Netflix(NFLX)可能会释放数百万新用户。“有30亿人无法访问互联网，”莱吉说。“卫星连接打开了市场。它确实与地面上的任何东西有关。”</blockquote></p><p>Still, there is one glaring omission in the fund: It doesn’t hold any of the new pure-play space companies set to go public via mergers with special purpose acquisition companies, or SPACs.</p><p><blockquote>尽管如此，该基金仍有一个明显的遗漏：它不持有任何将通过与特殊目的收购公司（SPAC）合并上市的新的纯太空公司。</blockquote></p><p>Those options would include Rocket Lab USA and Astra, two launch service companies that are currently sending commercial payloads into low Earth orbit. The pair is merging with Vector Acquisition (VACQ) and Holicity (HOL), respectively. BlackSky and Spire Global, two earth imaging businesses, are merging with Osprey Technology Acquisition (SFWT) and NavSight (NSH), respectively.</p><p><blockquote>这些选择将包括美国火箭实验室和阿斯特拉，这两家发射服务公司目前正在将商业有效载荷送入近地轨道。这对组合分别与Vector Acquisition(VACQ)和Holicity(HOL)合并。BlackSky和Spire Global这两家地球成像公司将分别与Osprey Technology Acquisition(SFWT)和NavSight(NSH)合并。</blockquote></p><p>Others include AST &amp; Science, which is merging with New Providence Acquisition (NPA). That company is putting up hundreds of satellites to provide mobile phone infrastructure. Momentus, along with Redwire, offer the infrastructure services supporting new commercial space players. Those two are merging with Stable Road Acquisition (SRAC) and Genesis Park Acquisition (GNPK), respectively.</p><p><blockquote>其他公司包括正在与New Providence Acquisition(NPA)合并的AST&amp;Science。该公司正在安装数百颗卫星来提供移动电话基础设施。Momentus与Redwire一起提供支持新商业太空参与者的基础设施服务。这两家公司分别与Stable Road Acquisition(SRAC)和Genesis Park Acquisition(GNPK)合并。</blockquote></p><p>The market capitalization of those seven companies is roughly $16 billion based on the number of shares outstanding for each after their SPAC mergers close. But none of those names are included in the ARK Space fund’s portfolio—at least not yet.</p><p><blockquote>根据SPAC合并完成后每家公司的已发行股票数量计算，这七家公司的市值约为160亿美元。但这些名字都没有包含在方舟太空基金的投资组合中——至少现在还没有。</blockquote></p><p>ARK is open to investing in SPACs if the merger target has already been identified, says Leggi, but they need to review more financial data than is typically provided in SPAC merger presentations.</p><p><blockquote>Leggi表示，如果合并目标已经确定，ARK愿意投资SPAC，但他们需要审查比SPAC合并演示文稿中通常提供的更多的财务数据。</blockquote></p><p>High valuations have also caused ARK to wait on some names. “They fit our theme but from a valuation point, they don’t meet our hurdle rate for the next five years,” says Leggi, noting that the fund looks for companies that can provide investors with 15% annualized returns. “We will be patient and continue to track them. If we get an opportunity, we will leg into it. A lot of them are very interesting,” he adds.</p><p><blockquote>高估值也让ARK等待了一些名字。Leggi表示：“它们符合我们的主题，但从估值角度来看，它们没有达到我们未来五年的最低利率。”他指出，该基金寻找能够为投资者提供15%年化回报的公司。“我们将保持耐心，继续跟踪他们。如果我们有机会，我们会介入。他们中的很多人都非常有趣，”他补充道。</blockquote></p><p>ARK isn’t the only one hesitant to jump into space SPACs. The space fund’s rival, the $129 million Procure Space ETF (UFO), also doesn’t own any SPACs. Unlike the actively managed ARK ETF, the Procure fund tracks an underlying index with predetermined rules that prohibit investments in SPACs before the merger is complete.</p><p><blockquote>ARK并不是唯一一个对进入太空SPAC犹豫不决的公司。该太空基金的竞争对手、价值1.29亿美元的Procure Space ETF(UFO)也不拥有任何SPAC。与主动管理的ARK ETF不同，Procure基金跟踪基础指数，并制定预定规则，禁止在合并完成之前投资SPAC。</blockquote></p><p>“There is a tremendous risk to any SPAC,” Andrew Chanin, CEO of Procure ETFs, tells Barron’s. “That a target is announced and the deal doesn’t go through for a multitude of reasons. Then you are looking at a company that doesn’t have any space exposure other than a proposed target.”</p><p><blockquote>Procure ETF首席执行官安德鲁·查宁(Andrew Chanin)告诉《巴伦周刊》：“任何SPAC都面临巨大风险。”“宣布了一个目标，但由于多种原因交易没有通过。那么你看到的是一家除了提议的目标之外没有任何空间敞口的公司。”</blockquote></p><p>The Procure ETF has added newly public stocks to its holdings shortly after the SPAC merger was completed, such as space tourism pioneer Virgin Galactic (SPCE).</p><p><blockquote>在SPAC合并完成后不久，Procure ETF就在其持有的股票中增加了新的公开股票，例如太空旅游先驱维珍银河(SPCE)。</blockquote></p><p>The Procure ETF claims to be a “purer” play. More than 80% of its portfolio–per index mandate–has to be invested in companies whose majority revenues are derived from space-related businesses and activities. The remaining 20% are in diversified aerospace defense names such as Boeing (BA) and Lockheed Martin (LMT), which also generate a significant amount of revenue–albeit not the majority–from their space-related units.</p><p><blockquote>Procure ETF声称是一种“更纯粹”的游戏。根据指数要求，其投资组合的80%以上必须投资于大部分收入来自太空相关业务和活动的公司。其余20%属于多元化的航空航天国防公司，例如波音(BA)和洛克希德·马丁公司(LMT)，这些公司也从其太空相关部门产生了大量收入（尽管不是大部分）。</blockquote></p><p></p><p>“Anyone can argue that almost every publicly traded company has some exposure to space, or space plays a role in that company’s ability to succeed,” says Chanin. “For us, it’s not about making nuanced arguments about how maybe a company could potentially benefit from space.”</p><p><blockquote>“任何人都可以说，几乎每家上市公司都涉足太空，或者太空在该公司的成功能力中发挥着作用，”查宁说。“对我们来说，这并不是要就一家公司如何从太空中受益进行细致入微的争论。”</blockquote></p><p><b>Differing Exposures</b></p><p><blockquote><b>不同的暴露</b></blockquote></p><p>Percentage of portfolio in selected industries.</p><p><blockquote>所选行业投资组合的百分比。</blockquote></p><p><img src=\"https://static.tigerbbs.com/7610169c4e1c63baad57b034b647f2ef\" tg-width=\"1242\" tg-height=\"975\" referrerpolicy=\"no-referrer\">Despite their differences, both funds share the same top holding, Trimble (TRMB), with an 8.6% weight in the ARK fund and a 5.2% weight in the Procure fund. The company is tapping into multiple space-related areas, offering software, data, and sensors for drones, as well as fleet management services for space construction and logistics.</p><p><blockquote>尽管存在差异，但两只基金均持有相同的顶级持股Trimble(TRMB)，在ARK基金中的权重为8.6%，在Procure基金中的权重为5.2%。该公司正在进军多个太空相关领域，为无人机提供软件、数据和传感器，以及为太空建设和物流提供车队管理服务。</blockquote></p><p>Procure’s space fund was launched in April 2019. It dipped 2% in 2020, while the S&amp;P 500 returned 18.4%. Year to date, the Procure fund has gained 11.1%, beating the broader index by five percentage points.</p><p><blockquote>Procure的太空基金于2019年4月启动。2020年下跌2%，而标普500则上涨18.4%。今年迄今为止，Procure基金已上涨11.1%，比整体指数高出5个百分点。</blockquote></p><p>The ARK space fund finished its first trading day on Tuesday down 1%. The S&amp;P 500 fell less than 1%.</p><p><blockquote>ARK space基金周二首个交易日收盘下跌1%。标普500跌不到1%。</blockquote></p><p>And although neither funds have exposure to space SPACs, investors can still own a piece of them by buying shares of their SPACs. Barron’s recently wrote positively about Rocket Labs, believing it’s the best option for growth investors looking for new space exposure. The company is already carrying payloads into space and has the ability to build and manage satellites.</p><p><blockquote>尽管这两只基金都没有投资太空SPAC，但投资者仍然可以通过购买其SPAC的股票来拥有其中的一部分。《巴伦周刊》最近对火箭实验室进行了积极评价，认为它是寻求新太空投资的成长型投资者的最佳选择。该公司已经将有效载荷送入太空，并有能力建造和管理卫星。</blockquote></p><p></p>","source":"lsy1610680873436","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Cathie Wood’s Space ETF Has Some Unexpected Holdings<blockquote>为什么Cathie Wood的Space ETF持有一些意想不到的股票</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Cathie Wood’s Space ETF Has Some Unexpected Holdings<blockquote>为什么Cathie Wood的Space ETF持有一些意想不到的股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barron's</strong><span class=\"h-time small\">2021-03-31 18:14</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The ARK Space Exploration &amp; Innovation exchange-traded fund –the eighth fund from Cathie Wood’s ARK Investment Management–attracted a lot of eyeballs at its launch on Tuesday. But investors found some surprises in the fund’s portfolio: Some popular firms in space-exploration related fields were not included, while other seemingly unrelated names–including half a dozen internet tech giants–make up a significant weight.</p><p><blockquote>方舟太空探索与创新交易所交易基金是凯西·伍德(Cathie Wood)方舟投资管理公司(ARK Investment Management)的第八只基金，在周二推出时吸引了众多眼球。但投资者在该基金的投资组合中发现了一些惊喜：太空探索相关领域的一些受欢迎的公司没有被包括在内，而其他看似不相关的公司——包括六家互联网科技巨头——却占据了很大的权重。</blockquote></p><p>That is because ARK’s space fund (ticker: ARKX) isn’t limited to companies directly involved in the space business, but also other innovations that have indirectly enabled the space boom. The ETF owns Google parent Alphabet (ticker: GOOG), for example, because it’s a leader in artificial intelligence. NVIDIA (NVDA), another holding, manufactures computer chips that allow rockets to operate efficiently.</p><p><blockquote>这是因为方舟的太空基金（股票代码：ARKX）不仅限于直接参与太空业务的公司，还包括间接推动太空繁荣的其他创新。例如，该ETF拥有谷歌母公司Alphabet（股票代码：GOOG），因为它是人工智能领域的领导者。另一家控股公司英伟达(NVDA)生产计算机芯片，使火箭能够高效运行。</blockquote></p><p>The fund’s second-largest position is another ARK product, the $548 million ARK 3D Printing ETF (PRNT). That’s because many rocket parts are 3D printed for reasons related to cost, weight, and durability, says Ren Leggi, client portfolio manager at ARK. To be sure, the 0.66% management fee of the ARK 3D Printing ETF is fully rebated back to ARKX investors. “We are not double dipping,” says Leggi, “You are not paying double-layer fees.”</p><p><blockquote>该基金的第二大头寸是另一只ARK产品，价值5.48亿美元的ARK 3D打印ETF(PRNT)。ARK客户投资组合经理Ren Leggi表示，这是因为出于成本、重量和耐用性等原因，许多火箭部件都是3D打印的。可以肯定的是，ARK 3D打印ETF的0.66%管理费全额返还给ARKX投资者。“我们不会二次探底，”莱吉说，“你不会支付双层费用。”</blockquote></p><p>The fund also holds companies that are well-positioned to benefit from the development in aerospace-related tech. E-commerce giants like Amazon.com (AMZN) and Alibaba (BABA) are included because they can save delivery costs and generate revenue from drones if that market matures and scales. Netflix (NFLX), another holding, could potentially unlock millions of new users as satellite broadband connects more people to the internet. “There are three billion people who do not have access to internet,” says Leggi. “Satellite connectivity opens up the market. It really is about anything above ground.”</p><p><blockquote>该基金还持有能够从航空航天相关技术发展中受益的公司。亚马逊（AMZN）和阿里巴巴-SW（BABA）等电子商务巨头也被包括在内，因为如果市场成熟并扩大规模，它们可以节省送货成本并从无人机中产生收入。随着卫星宽带将更多人连接到互联网，另一家控股公司Netflix(NFLX)可能会释放数百万新用户。“有30亿人无法访问互联网，”莱吉说。“卫星连接打开了市场。它确实与地面上的任何东西有关。”</blockquote></p><p>Still, there is one glaring omission in the fund: It doesn’t hold any of the new pure-play space companies set to go public via mergers with special purpose acquisition companies, or SPACs.</p><p><blockquote>尽管如此，该基金仍有一个明显的遗漏：它不持有任何将通过与特殊目的收购公司（SPAC）合并上市的新的纯太空公司。</blockquote></p><p>Those options would include Rocket Lab USA and Astra, two launch service companies that are currently sending commercial payloads into low Earth orbit. The pair is merging with Vector Acquisition (VACQ) and Holicity (HOL), respectively. BlackSky and Spire Global, two earth imaging businesses, are merging with Osprey Technology Acquisition (SFWT) and NavSight (NSH), respectively.</p><p><blockquote>这些选择将包括美国火箭实验室和阿斯特拉，这两家发射服务公司目前正在将商业有效载荷送入近地轨道。这对组合分别与Vector Acquisition(VACQ)和Holicity(HOL)合并。BlackSky和Spire Global这两家地球成像公司将分别与Osprey Technology Acquisition(SFWT)和NavSight(NSH)合并。</blockquote></p><p>Others include AST &amp; Science, which is merging with New Providence Acquisition (NPA). That company is putting up hundreds of satellites to provide mobile phone infrastructure. Momentus, along with Redwire, offer the infrastructure services supporting new commercial space players. Those two are merging with Stable Road Acquisition (SRAC) and Genesis Park Acquisition (GNPK), respectively.</p><p><blockquote>其他公司包括正在与New Providence Acquisition(NPA)合并的AST&amp;Science。该公司正在安装数百颗卫星来提供移动电话基础设施。Momentus与Redwire一起提供支持新商业太空参与者的基础设施服务。这两家公司分别与Stable Road Acquisition(SRAC)和Genesis Park Acquisition(GNPK)合并。</blockquote></p><p>The market capitalization of those seven companies is roughly $16 billion based on the number of shares outstanding for each after their SPAC mergers close. But none of those names are included in the ARK Space fund’s portfolio—at least not yet.</p><p><blockquote>根据SPAC合并完成后每家公司的已发行股票数量计算，这七家公司的市值约为160亿美元。但这些名字都没有包含在方舟太空基金的投资组合中——至少现在还没有。</blockquote></p><p>ARK is open to investing in SPACs if the merger target has already been identified, says Leggi, but they need to review more financial data than is typically provided in SPAC merger presentations.</p><p><blockquote>Leggi表示，如果合并目标已经确定，ARK愿意投资SPAC，但他们需要审查比SPAC合并演示文稿中通常提供的更多的财务数据。</blockquote></p><p>High valuations have also caused ARK to wait on some names. “They fit our theme but from a valuation point, they don’t meet our hurdle rate for the next five years,” says Leggi, noting that the fund looks for companies that can provide investors with 15% annualized returns. “We will be patient and continue to track them. If we get an opportunity, we will leg into it. A lot of them are very interesting,” he adds.</p><p><blockquote>高估值也让ARK等待了一些名字。Leggi表示：“它们符合我们的主题，但从估值角度来看，它们没有达到我们未来五年的最低利率。”他指出，该基金寻找能够为投资者提供15%年化回报的公司。“我们将保持耐心，继续跟踪他们。如果我们有机会，我们会介入。他们中的很多人都非常有趣，”他补充道。</blockquote></p><p>ARK isn’t the only one hesitant to jump into space SPACs. The space fund’s rival, the $129 million Procure Space ETF (UFO), also doesn’t own any SPACs. Unlike the actively managed ARK ETF, the Procure fund tracks an underlying index with predetermined rules that prohibit investments in SPACs before the merger is complete.</p><p><blockquote>ARK并不是唯一一个对进入太空SPAC犹豫不决的公司。该太空基金的竞争对手、价值1.29亿美元的Procure Space ETF(UFO)也不拥有任何SPAC。与主动管理的ARK ETF不同，Procure基金跟踪基础指数，并制定预定规则，禁止在合并完成之前投资SPAC。</blockquote></p><p>“There is a tremendous risk to any SPAC,” Andrew Chanin, CEO of Procure ETFs, tells Barron’s. “That a target is announced and the deal doesn’t go through for a multitude of reasons. Then you are looking at a company that doesn’t have any space exposure other than a proposed target.”</p><p><blockquote>Procure ETF首席执行官安德鲁·查宁(Andrew Chanin)告诉《巴伦周刊》：“任何SPAC都面临巨大风险。”“宣布了一个目标，但由于多种原因交易没有通过。那么你看到的是一家除了提议的目标之外没有任何空间敞口的公司。”</blockquote></p><p>The Procure ETF has added newly public stocks to its holdings shortly after the SPAC merger was completed, such as space tourism pioneer Virgin Galactic (SPCE).</p><p><blockquote>在SPAC合并完成后不久，Procure ETF就在其持有的股票中增加了新的公开股票，例如太空旅游先驱维珍银河(SPCE)。</blockquote></p><p>The Procure ETF claims to be a “purer” play. More than 80% of its portfolio–per index mandate–has to be invested in companies whose majority revenues are derived from space-related businesses and activities. The remaining 20% are in diversified aerospace defense names such as Boeing (BA) and Lockheed Martin (LMT), which also generate a significant amount of revenue–albeit not the majority–from their space-related units.</p><p><blockquote>Procure ETF声称是一种“更纯粹”的游戏。根据指数要求，其投资组合的80%以上必须投资于大部分收入来自太空相关业务和活动的公司。其余20%属于多元化的航空航天国防公司，例如波音(BA)和洛克希德·马丁公司(LMT)，这些公司也从其太空相关部门产生了大量收入（尽管不是大部分）。</blockquote></p><p></p><p>“Anyone can argue that almost every publicly traded company has some exposure to space, or space plays a role in that company’s ability to succeed,” says Chanin. “For us, it’s not about making nuanced arguments about how maybe a company could potentially benefit from space.”</p><p><blockquote>“任何人都可以说，几乎每家上市公司都涉足太空，或者太空在该公司的成功能力中发挥着作用，”查宁说。“对我们来说，这并不是要就一家公司如何从太空中受益进行细致入微的争论。”</blockquote></p><p><b>Differing Exposures</b></p><p><blockquote><b>不同的暴露</b></blockquote></p><p>Percentage of portfolio in selected industries.</p><p><blockquote>所选行业投资组合的百分比。</blockquote></p><p><img src=\"https://static.tigerbbs.com/7610169c4e1c63baad57b034b647f2ef\" tg-width=\"1242\" tg-height=\"975\" referrerpolicy=\"no-referrer\">Despite their differences, both funds share the same top holding, Trimble (TRMB), with an 8.6% weight in the ARK fund and a 5.2% weight in the Procure fund. The company is tapping into multiple space-related areas, offering software, data, and sensors for drones, as well as fleet management services for space construction and logistics.</p><p><blockquote>尽管存在差异，但两只基金均持有相同的顶级持股Trimble(TRMB)，在ARK基金中的权重为8.6%，在Procure基金中的权重为5.2%。该公司正在进军多个太空相关领域，为无人机提供软件、数据和传感器，以及为太空建设和物流提供车队管理服务。</blockquote></p><p>Procure’s space fund was launched in April 2019. It dipped 2% in 2020, while the S&amp;P 500 returned 18.4%. Year to date, the Procure fund has gained 11.1%, beating the broader index by five percentage points.</p><p><blockquote>Procure的太空基金于2019年4月启动。2020年下跌2%，而标普500则上涨18.4%。今年迄今为止，Procure基金已上涨11.1%，比整体指数高出5个百分点。</blockquote></p><p>The ARK space fund finished its first trading day on Tuesday down 1%. The S&amp;P 500 fell less than 1%.</p><p><blockquote>ARK space基金周二首个交易日收盘下跌1%。标普500跌不到1%。</blockquote></p><p>And although neither funds have exposure to space SPACs, investors can still own a piece of them by buying shares of their SPACs. Barron’s recently wrote positively about Rocket Labs, believing it’s the best option for growth investors looking for new space exposure. The company is already carrying payloads into space and has the ability to build and manage satellites.</p><p><blockquote>尽管这两只基金都没有投资太空SPAC，但投资者仍然可以通过购买其SPAC的股票来拥有其中的一部分。《巴伦周刊》最近对火箭实验室进行了积极评价，认为它是寻求新太空投资的成长型投资者的最佳选择。该公司已经将有效载荷送入太空，并有能力建造和管理卫星。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/the-ark-space-etf-has-some-unexpected-holdings-51617150050?mod=hp_LEAD_1\">Barron's</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/55e4b11e868aab2bd1399f8a1e0cd685","relate_stocks":{},"source_url":"https://www.barrons.com/articles/the-ark-space-etf-has-some-unexpected-holdings-51617150050?mod=hp_LEAD_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1126047060","content_text":"The ARK Space Exploration & Innovation exchange-traded fund –the eighth fund from Cathie Wood’s ARK Investment Management–attracted a lot of eyeballs at its launch on Tuesday. But investors found some surprises in the fund’s portfolio: Some popular firms in space-exploration related fields were not included, while other seemingly unrelated names–including half a dozen internet tech giants–make up a significant weight.That is because ARK’s space fund (ticker: ARKX) isn’t limited to companies directly involved in the space business, but also other innovations that have indirectly enabled the space boom. The ETF owns Google parent Alphabet (ticker: GOOG), for example, because it’s a leader in artificial intelligence. NVIDIA (NVDA), another holding, manufactures computer chips that allow rockets to operate efficiently.The fund’s second-largest position is another ARK product, the $548 million ARK 3D Printing ETF (PRNT). That’s because many rocket parts are 3D printed for reasons related to cost, weight, and durability, says Ren Leggi, client portfolio manager at ARK. To be sure, the 0.66% management fee of the ARK 3D Printing ETF is fully rebated back to ARKX investors. “We are not double dipping,” says Leggi, “You are not paying double-layer fees.”The fund also holds companies that are well-positioned to benefit from the development in aerospace-related tech. E-commerce giants like Amazon.com (AMZN) and Alibaba (BABA) are included because they can save delivery costs and generate revenue from drones if that market matures and scales. Netflix (NFLX), another holding, could potentially unlock millions of new users as satellite broadband connects more people to the internet. “There are three billion people who do not have access to internet,” says Leggi. “Satellite connectivity opens up the market. It really is about anything above ground.”Still, there is one glaring omission in the fund: It doesn’t hold any of the new pure-play space companies set to go public via mergers with special purpose acquisition companies, or SPACs.Those options would include Rocket Lab USA and Astra, two launch service companies that are currently sending commercial payloads into low Earth orbit. The pair is merging with Vector Acquisition (VACQ) and Holicity (HOL), respectively. BlackSky and Spire Global, two earth imaging businesses, are merging with Osprey Technology Acquisition (SFWT) and NavSight (NSH), respectively.Others include AST & Science, which is merging with New Providence Acquisition (NPA). That company is putting up hundreds of satellites to provide mobile phone infrastructure. Momentus, along with Redwire, offer the infrastructure services supporting new commercial space players. Those two are merging with Stable Road Acquisition (SRAC) and Genesis Park Acquisition (GNPK), respectively.The market capitalization of those seven companies is roughly $16 billion based on the number of shares outstanding for each after their SPAC mergers close. But none of those names are included in the ARK Space fund’s portfolio—at least not yet.ARK is open to investing in SPACs if the merger target has already been identified, says Leggi, but they need to review more financial data than is typically provided in SPAC merger presentations.High valuations have also caused ARK to wait on some names. “They fit our theme but from a valuation point, they don’t meet our hurdle rate for the next five years,” says Leggi, noting that the fund looks for companies that can provide investors with 15% annualized returns. “We will be patient and continue to track them. If we get an opportunity, we will leg into it. A lot of them are very interesting,” he adds.ARK isn’t the only one hesitant to jump into space SPACs. The space fund’s rival, the $129 million Procure Space ETF (UFO), also doesn’t own any SPACs. Unlike the actively managed ARK ETF, the Procure fund tracks an underlying index with predetermined rules that prohibit investments in SPACs before the merger is complete.“There is a tremendous risk to any SPAC,” Andrew Chanin, CEO of Procure ETFs, tells Barron’s. “That a target is announced and the deal doesn’t go through for a multitude of reasons. Then you are looking at a company that doesn’t have any space exposure other than a proposed target.”The Procure ETF has added newly public stocks to its holdings shortly after the SPAC merger was completed, such as space tourism pioneer Virgin Galactic (SPCE).The Procure ETF claims to be a “purer” play. More than 80% of its portfolio–per index mandate–has to be invested in companies whose majority revenues are derived from space-related businesses and activities. The remaining 20% are in diversified aerospace defense names such as Boeing (BA) and Lockheed Martin (LMT), which also generate a significant amount of revenue–albeit not the majority–from their space-related units.“Anyone can argue that almost every publicly traded company has some exposure to space, or space plays a role in that company’s ability to succeed,” says Chanin. “For us, it’s not about making nuanced arguments about how maybe a company could potentially benefit from space.”Differing ExposuresPercentage of portfolio in selected industries.Despite their differences, both funds share the same top holding, Trimble (TRMB), with an 8.6% weight in the ARK fund and a 5.2% weight in the Procure fund. The company is tapping into multiple space-related areas, offering software, data, and sensors for drones, as well as fleet management services for space construction and logistics.Procure’s space fund was launched in April 2019. It dipped 2% in 2020, while the S&P 500 returned 18.4%. Year to date, the Procure fund has gained 11.1%, beating the broader index by five percentage points.The ARK space fund finished its first trading day on Tuesday down 1%. The S&P 500 fell less than 1%.And although neither funds have exposure to space SPACs, investors can still own a piece of them by buying shares of their SPACs. Barron’s recently wrote positively about Rocket Labs, believing it’s the best option for growth investors looking for new space exposure. The company is already carrying payloads into space and has the ability to build and manage satellites.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":1868,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":359713864,"gmtCreate":1616423540558,"gmtModify":1631892906024,"author":{"id":"3572685978072370","authorId":"3572685978072370","name":"JLYJ","avatar":"https://static.tigerbbs.com/de57572f1fa11e3decd397d6be51e2e6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572685978072370","idStr":"3572685978072370"},"themes":[],"htmlText":"Everyone wants Amazon","listText":"Everyone wants Amazon","text":"Everyone wants Amazon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/359713864","repostId":"1141741176","repostType":4,"repost":{"id":"1141741176","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1616411375,"share":"https://www.laohu8.com/m/news/1141741176?lang=zh_CN&edition=full","pubTime":"2021-03-22 19:09","market":"us","language":"en","title":"Here Are Five Stocks Top Analysts Are Heavily Bullish On, Heading Into April<blockquote>以下是顶级分析师在进入四月份时非常看好的五只股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1141741176","media":"Benzinga","summary":"Despitein flation fears as the economy reopens after a wider COVID-19 vaccination rollout, there are","content":"<p>Despitein&nbsp;flation fears&nbsp;as the economy reopens after a wider COVID-19 vaccination rollout, there are stocks that analysts are highly bullish on. Here’s a list of best-performing Wall Street analysts’ top five stocks with “Buy” ratings, as&nbsp;compiled&nbsp;by TipRanks.</p><p><blockquote>尽管随着更广泛的COVID-19疫苗接种推广后经济重新开放，人们担心通胀，但分析师仍高度看好一些股票。以下是TipRanks编制的表现最佳的华尔街分析师给予“买入”评级的前五只股票列表。</blockquote></p><p> <b>Amazon Inc</b>: Baird analyst Colin Sebastian has reiterated a “Buy” rating and has a $4,000 price target in addition to a “Fresh Pick” status on the e-commerce giant. Colin has&nbsp;support from&nbsp;30 other top analysts who have a “Buy” rating as well, as per TipRanks.</p><p><blockquote><b>亚马逊公司</b>：Baird分析师Colin Sebastian重申了“买入”评级，并将这家电子商务巨头的目标价定为4,000美元，此外还给予这家电子商务巨头“新精选”地位。根据TipRanks的数据，科林得到了其他30名顶级分析师的支持，他们也给予了“买入”评级。</blockquote></p><p> Sebastian noted that investors could be missing \"one of the most compelling subscription/quasi-subscription models within the Internet and Technology sectors,” adding that&nbsp;75% of Amazon’s revenue is recurring even as it keeps adding new subscribers effectively.</p><p><blockquote>塞巴斯蒂安指出，投资者可能会错过“互联网和技术领域最引人注目的订阅/准订阅模式之一”，并补充说，尽管亚马逊不断有效地增加新订阅者，但其75%的收入都是经常性的。</blockquote></p><p> Baird sees Amazon as \"significantly undervalued\" and can see it headed to $5,000 per share in the medium-term.</p><p><blockquote>贝尔德认为亚马逊“被严重低估”，并预计其在中期内将达到每股5,000美元。</blockquote></p><p> With a 75% success rate and 34.8% average return per rating, Sebastian is ranked 28 out of over 7,000 analysts tracked by TipRanks.</p><p><blockquote>Sebastian的成功率为75%，每次评级的平均回报率为34.8%，在TipRanks追踪的7,000多名分析师中排名第28位。</blockquote></p><p> <b>Microsoft Corp</b>: Wedbush analyst Daniel Ives maintained a “Buy” rating and a $300 price target on the stock as he sees cloud growth momentum building up for the company. The rest of the Wall Street analysts are bullish as well with a total of 23 “Buy” ratings on the stock.</p><p><blockquote><b>微软公司</b>：Wedbush分析师Daniel Ives维持该股“买入”评级和300美元的目标价，因为他认为该公司的云增长势头正在增强。其余华尔街分析师也持看涨态度，共有23名分析师对该股给予“买入”评级。</blockquote></p><p> Ives estimates that cloud wars between Amazon and Microsoft to capture market share are going to intensify and global cloud spending could reach nearly $1 trillion over the next decade.</p><p><blockquote>Ives估计，亚马逊和微软之间争夺市场份额的云战争将会加剧，未来十年全球云支出可能会达到近1万亿美元。</blockquote></p><p> The veteran analyst has&nbsp;predicted a shift in tide&nbsp;in the cloud space, with Microsoft standing to benefit.</p><p><blockquote>这位资深分析师预测云领域的潮流将发生转变，微软将从中受益。</blockquote></p><p> <b>Alphatec Holdings</b>: Medical technology company focused on spinal surgeries has six “Buy” ratings from top analysts and a $19.7 average stock price forecast.&nbsp;H.C. Wainwright analyst Sean Lee, who claims a 75% success rate and 69.2% average return per rating, has maintained a “Buy” rating on the stock and raised the price target to $19 from $16.</p><p><blockquote><b>阿尔法泰克控股</b>：专注于脊柱手术的医疗科技公司获得顶级分析师的六次“买入”评级，平均股价预测为19.7美元。Wainwright分析师Sean Lee声称每次评级的成功率为75%，平均回报率为69.2%，他维持该股的“买入”评级，并将目标价从16美元上调至19美元。</blockquote></p><p> Lee’s rating comes after the company’s fourth-quarter revenue registered a 36% year-over-year surge despite the ongoing COVID-19 headwinds. The analyst expects EOS imaging to be a key growth driver for the company, contributing about $127 million in additional revenues by 2025.</p><p><blockquote>尽管COVID-19持续存在不利因素，但该公司第四季度收入仍同比增长36%，Lee做出了这一评级。该分析师预计EOS imaging将成为该公司的关键增长动力，到2025年将贡献约1.27亿美元的额外收入。</blockquote></p><p> Alphatec's recently-launched procedure for lateral surgeries that significantly shortens the surgery times could also be a major growth driver this year.</p><p><blockquote>Alphatec最近推出的横向手术程序可显着缩短手术时间，也可能成为今年的主要增长动力。</blockquote></p><p> <b>Addus Homecare Corp</b>: Brokerage RBC Capital analyst Frank Morgan, who has a 5-star rating on the stock, has reiterated a \"Buy\" rating and a price target of $136.</p><p><blockquote><b>Addus家庭护理公司</b>：券商RBC Capital分析师Frank Morgan对该股给予5星评级，重申“买入”评级，目标价为136美元。</blockquote></p><p> The Texas-based home and healthcare company recently unveiled a new value plan to support closer coordination of care for patients as they are discharged from acute care hospitals into their homes or into post-acute facilities.</p><p><blockquote>这家总部位于德克萨斯州的家庭和医疗保健公司最近公布了一项新的价值计划，以支持在患者从急症护理医院出院到家中或急症后设施时更密切地协调护理。</blockquote></p><p> Morgan believes the plan “positions Addus for a larger role in post-acute coordination with potential for longer-term shared savings.” The analyst is also encouraged by the recently passed COVID federal relief aid as “it provides a 10% boost to the Federal Medical Assistance Percentage meant to bolster personal care services amid the pandemic.”</p><p><blockquote>摩根认为，该计划“使Addus在急性后协调中发挥更大的作用，并有可能实现长期共享储蓄。”这位分析师还对最近通过的新冠联邦救济援助感到鼓舞，因为“它将联邦医疗援助百分比提高了10%，旨在加强大流行期间的个人护理服务。”</blockquote></p><p> This increase gives a larger match than Morgan originally expected, with earlier versions of the bill mentioning a 7.35% rise.</p><p><blockquote>这一涨幅比摩根最初预期的要大，该法案的早期版本提到了7.35%的涨幅。</blockquote></p><p> <b>Amyris Inc</b>: H.C. Wainwright analyst Amit Dayal is bullish on the stock and has significantly roasted its price target to $35 from $11 and reiterated the “Buy” rating as well.</p><p><blockquote><b>阿米里斯公司</b>：H.C.Wainwright分析师Amit Dayal看好该股，并将其目标价从11美元大幅上调至35美元，并重申了“买入”评级。</blockquote></p><p> Dayal, who has a 77% average per rating, along with three top analysts, has a similar view on the stock in the last two months. The average analyst price target comes in at $25.50.</p><p><blockquote>Dayal的平均评级为77%，他和三位顶级分析师在过去两个月对该股也有类似的看法。分析师平均目标价为25.50美元。</blockquote></p><p> Dayal sees improving business fundamentals that support the company’s annual revenue growth outlook expectations of between 30% and 50% over the next few years. Also, its debt is set to land below $100 million by the end of the third quarter this year from $297 million at the beginning of 2020.</p><p><blockquote>Dayal认为，业务基本面的改善支持该公司未来几年年收入增长预期在30%至50%之间。此外，到今年第三季度末，其债务将从2020年初的2.97亿美元降至1亿美元以下。</blockquote></p><p> The brokerage says the company currently has 18 ingredients currently in development that could position the company to have more than 30 commercialized ingredients by the end of 2025. In addition, it has four new brand launches in 2021, is expanding its retail presence, and could benefit from acquisitions and distribution agreements in international markets including China and Brazil.</p><p><blockquote>该券商表示，该公司目前有18种成分正在开发中，到2025年底，该公司可能会拥有30多种商业化成分。此外，该公司在2021年推出了四个新品牌，正在扩大其零售业务，并可能受益于中国和巴西等国际市场的收购和分销协议。</blockquote></p><p> Based on all of the above, the analyst argues that revenues will grow at a nine-year CAGR from 2021 to 2030 of 28.8%, versus the previous 20.4% estimate.</p><p><blockquote>基于上述所有情况，分析师认为，从2021年到2030年，收入将以28.8%的九年复合年增长率增长，而之前的预测为20.4%。</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>Here Are Five Stocks Top Analysts Are Heavily Bullish On, Heading Into April<blockquote>以下是顶级分析师在进入四月份时非常看好的五只股票</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHere Are Five Stocks Top Analysts Are Heavily Bullish On, Heading Into April<blockquote>以下是顶级分析师在进入四月份时非常看好的五只股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time smaller\">2021-03-22 19:09</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p>Despitein&nbsp;flation fears&nbsp;as the economy reopens after a wider COVID-19 vaccination rollout, there are stocks that analysts are highly bullish on. Here’s a list of best-performing Wall Street analysts’ top five stocks with “Buy” ratings, as&nbsp;compiled&nbsp;by TipRanks.</p><p><blockquote>尽管随着更广泛的COVID-19疫苗接种推广后经济重新开放，人们担心通胀，但分析师仍高度看好一些股票。以下是TipRanks编制的表现最佳的华尔街分析师给予“买入”评级的前五只股票列表。</blockquote></p><p> <b>Amazon Inc</b>: Baird analyst Colin Sebastian has reiterated a “Buy” rating and has a $4,000 price target in addition to a “Fresh Pick” status on the e-commerce giant. Colin has&nbsp;support from&nbsp;30 other top analysts who have a “Buy” rating as well, as per TipRanks.</p><p><blockquote><b>亚马逊公司</b>：Baird分析师Colin Sebastian重申了“买入”评级，并将这家电子商务巨头的目标价定为4,000美元，此外还给予这家电子商务巨头“新精选”地位。根据TipRanks的数据，科林得到了其他30名顶级分析师的支持，他们也给予了“买入”评级。</blockquote></p><p> Sebastian noted that investors could be missing \"one of the most compelling subscription/quasi-subscription models within the Internet and Technology sectors,” adding that&nbsp;75% of Amazon’s revenue is recurring even as it keeps adding new subscribers effectively.</p><p><blockquote>塞巴斯蒂安指出，投资者可能会错过“互联网和技术领域最引人注目的订阅/准订阅模式之一”，并补充说，尽管亚马逊不断有效地增加新订阅者，但其75%的收入都是经常性的。</blockquote></p><p> Baird sees Amazon as \"significantly undervalued\" and can see it headed to $5,000 per share in the medium-term.</p><p><blockquote>贝尔德认为亚马逊“被严重低估”，并预计其在中期内将达到每股5,000美元。</blockquote></p><p> With a 75% success rate and 34.8% average return per rating, Sebastian is ranked 28 out of over 7,000 analysts tracked by TipRanks.</p><p><blockquote>Sebastian的成功率为75%，每次评级的平均回报率为34.8%，在TipRanks追踪的7,000多名分析师中排名第28位。</blockquote></p><p> <b>Microsoft Corp</b>: Wedbush analyst Daniel Ives maintained a “Buy” rating and a $300 price target on the stock as he sees cloud growth momentum building up for the company. The rest of the Wall Street analysts are bullish as well with a total of 23 “Buy” ratings on the stock.</p><p><blockquote><b>微软公司</b>：Wedbush分析师Daniel Ives维持该股“买入”评级和300美元的目标价，因为他认为该公司的云增长势头正在增强。其余华尔街分析师也持看涨态度，共有23名分析师对该股给予“买入”评级。</blockquote></p><p> Ives estimates that cloud wars between Amazon and Microsoft to capture market share are going to intensify and global cloud spending could reach nearly $1 trillion over the next decade.</p><p><blockquote>Ives估计，亚马逊和微软之间争夺市场份额的云战争将会加剧，未来十年全球云支出可能会达到近1万亿美元。</blockquote></p><p> The veteran analyst has&nbsp;predicted a shift in tide&nbsp;in the cloud space, with Microsoft standing to benefit.</p><p><blockquote>这位资深分析师预测云领域的潮流将发生转变，微软将从中受益。</blockquote></p><p> <b>Alphatec Holdings</b>: Medical technology company focused on spinal surgeries has six “Buy” ratings from top analysts and a $19.7 average stock price forecast.&nbsp;H.C. Wainwright analyst Sean Lee, who claims a 75% success rate and 69.2% average return per rating, has maintained a “Buy” rating on the stock and raised the price target to $19 from $16.</p><p><blockquote><b>阿尔法泰克控股</b>：专注于脊柱手术的医疗科技公司获得顶级分析师的六次“买入”评级，平均股价预测为19.7美元。Wainwright分析师Sean Lee声称每次评级的成功率为75%，平均回报率为69.2%，他维持该股的“买入”评级，并将目标价从16美元上调至19美元。</blockquote></p><p> Lee’s rating comes after the company’s fourth-quarter revenue registered a 36% year-over-year surge despite the ongoing COVID-19 headwinds. The analyst expects EOS imaging to be a key growth driver for the company, contributing about $127 million in additional revenues by 2025.</p><p><blockquote>尽管COVID-19持续存在不利因素，但该公司第四季度收入仍同比增长36%，Lee做出了这一评级。该分析师预计EOS imaging将成为该公司的关键增长动力，到2025年将贡献约1.27亿美元的额外收入。</blockquote></p><p> Alphatec's recently-launched procedure for lateral surgeries that significantly shortens the surgery times could also be a major growth driver this year.</p><p><blockquote>Alphatec最近推出的横向手术程序可显着缩短手术时间，也可能成为今年的主要增长动力。</blockquote></p><p> <b>Addus Homecare Corp</b>: Brokerage RBC Capital analyst Frank Morgan, who has a 5-star rating on the stock, has reiterated a \"Buy\" rating and a price target of $136.</p><p><blockquote><b>Addus家庭护理公司</b>：券商RBC Capital分析师Frank Morgan对该股给予5星评级，重申“买入”评级，目标价为136美元。</blockquote></p><p> The Texas-based home and healthcare company recently unveiled a new value plan to support closer coordination of care for patients as they are discharged from acute care hospitals into their homes or into post-acute facilities.</p><p><blockquote>这家总部位于德克萨斯州的家庭和医疗保健公司最近公布了一项新的价值计划，以支持在患者从急症护理医院出院到家中或急症后设施时更密切地协调护理。</blockquote></p><p> Morgan believes the plan “positions Addus for a larger role in post-acute coordination with potential for longer-term shared savings.” The analyst is also encouraged by the recently passed COVID federal relief aid as “it provides a 10% boost to the Federal Medical Assistance Percentage meant to bolster personal care services amid the pandemic.”</p><p><blockquote>摩根认为，该计划“使Addus在急性后协调中发挥更大的作用，并有可能实现长期共享储蓄。”这位分析师还对最近通过的新冠联邦救济援助感到鼓舞，因为“它将联邦医疗援助百分比提高了10%，旨在加强大流行期间的个人护理服务。”</blockquote></p><p> This increase gives a larger match than Morgan originally expected, with earlier versions of the bill mentioning a 7.35% rise.</p><p><blockquote>这一涨幅比摩根最初预期的要大，该法案的早期版本提到了7.35%的涨幅。</blockquote></p><p> <b>Amyris Inc</b>: H.C. Wainwright analyst Amit Dayal is bullish on the stock and has significantly roasted its price target to $35 from $11 and reiterated the “Buy” rating as well.</p><p><blockquote><b>阿米里斯公司</b>：H.C.Wainwright分析师Amit Dayal看好该股，并将其目标价从11美元大幅上调至35美元，并重申了“买入”评级。</blockquote></p><p> Dayal, who has a 77% average per rating, along with three top analysts, has a similar view on the stock in the last two months. The average analyst price target comes in at $25.50.</p><p><blockquote>Dayal的平均评级为77%，他和三位顶级分析师在过去两个月对该股也有类似的看法。分析师平均目标价为25.50美元。</blockquote></p><p> Dayal sees improving business fundamentals that support the company’s annual revenue growth outlook expectations of between 30% and 50% over the next few years. Also, its debt is set to land below $100 million by the end of the third quarter this year from $297 million at the beginning of 2020.</p><p><blockquote>Dayal认为，业务基本面的改善支持该公司未来几年年收入增长预期在30%至50%之间。此外，到今年第三季度末，其债务将从2020年初的2.97亿美元降至1亿美元以下。</blockquote></p><p> The brokerage says the company currently has 18 ingredients currently in development that could position the company to have more than 30 commercialized ingredients by the end of 2025. In addition, it has four new brand launches in 2021, is expanding its retail presence, and could benefit from acquisitions and distribution agreements in international markets including China and Brazil.</p><p><blockquote>该券商表示，该公司目前有18种成分正在开发中，到2025年底，该公司可能会拥有30多种商业化成分。此外，该公司在2021年推出了四个新品牌，正在扩大其零售业务，并可能受益于中国和巴西等国际市场的收购和分销协议。</blockquote></p><p> Based on all of the above, the analyst argues that revenues will grow at a nine-year CAGR from 2021 to 2030 of 28.8%, versus the previous 20.4% estimate.</p><p><blockquote>基于上述所有情况，分析师认为，从2021年到2030年，收入将以28.8%的九年复合年增长率增长，而之前的预测为20.4%。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSFT":"微软","AMRS":"阿米瑞斯","ADUS":"爱德斯","ATEC":"阿尔法泰克","AMZN":"亚马逊"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1141741176","content_text":"Despitein flation fears as the economy reopens after a wider COVID-19 vaccination rollout, there are stocks that analysts are highly bullish on. Here’s a list of best-performing Wall Street analysts’ top five stocks with “Buy” ratings, as compiled by TipRanks.\nAmazon Inc: Baird analyst Colin Sebastian has reiterated a “Buy” rating and has a $4,000 price target in addition to a “Fresh Pick” status on the e-commerce giant. Colin has support from 30 other top analysts who have a “Buy” rating as well, as per TipRanks.\nSebastian noted that investors could be missing \"one of the most compelling subscription/quasi-subscription models within the Internet and Technology sectors,” adding that 75% of Amazon’s revenue is recurring even as it keeps adding new subscribers effectively.\nBaird sees Amazon as \"significantly undervalued\" and can see it headed to $5,000 per share in the medium-term.\nWith a 75% success rate and 34.8% average return per rating, Sebastian is ranked 28 out of over 7,000 analysts tracked by TipRanks.\nMicrosoft Corp: Wedbush analyst Daniel Ives maintained a “Buy” rating and a $300 price target on the stock as he sees cloud growth momentum building up for the company. The rest of the Wall Street analysts are bullish as well with a total of 23 “Buy” ratings on the stock.\nIves estimates that cloud wars between Amazon and Microsoft to capture market share are going to intensify and global cloud spending could reach nearly $1 trillion over the next decade.\nThe veteran analyst has predicted a shift in tide in the cloud space, with Microsoft standing to benefit.\nAlphatec Holdings: Medical technology company focused on spinal surgeries has six “Buy” ratings from top analysts and a $19.7 average stock price forecast. H.C. Wainwright analyst Sean Lee, who claims a 75% success rate and 69.2% average return per rating, has maintained a “Buy” rating on the stock and raised the price target to $19 from $16.\nLee’s rating comes after the company’s fourth-quarter revenue registered a 36% year-over-year surge despite the ongoing COVID-19 headwinds. The analyst expects EOS imaging to be a key growth driver for the company, contributing about $127 million in additional revenues by 2025.\nAlphatec's recently-launched procedure for lateral surgeries that significantly shortens the surgery times could also be a major growth driver this year.\nAddus Homecare Corp: Brokerage RBC Capital analyst Frank Morgan, who has a 5-star rating on the stock, has reiterated a \"Buy\" rating and a price target of $136.\nThe Texas-based home and healthcare company recently unveiled a new value plan to support closer coordination of care for patients as they are discharged from acute care hospitals into their homes or into post-acute facilities.\nMorgan believes the plan “positions Addus for a larger role in post-acute coordination with potential for longer-term shared savings.” The analyst is also encouraged by the recently passed COVID federal relief aid as “it provides a 10% boost to the Federal Medical Assistance Percentage meant to bolster personal care services amid the pandemic.”\nThis increase gives a larger match than Morgan originally expected, with earlier versions of the bill mentioning a 7.35% rise.\nAmyris Inc: H.C. Wainwright analyst Amit Dayal is bullish on the stock and has significantly roasted its price target to $35 from $11 and reiterated the “Buy” rating as well.\nDayal, who has a 77% average per rating, along with three top analysts, has a similar view on the stock in the last two months. The average analyst price target comes in at $25.50.\nDayal sees improving business fundamentals that support the company’s annual revenue growth outlook expectations of between 30% and 50% over the next few years. Also, its debt is set to land below $100 million by the end of the third quarter this year from $297 million at the beginning of 2020.\nThe brokerage says the company currently has 18 ingredients currently in development that could position the company to have more than 30 commercialized ingredients by the end of 2025. In addition, it has four new brand launches in 2021, is expanding its retail presence, and could benefit from acquisitions and distribution agreements in international markets including China and Brazil.\nBased on all of the above, the analyst argues that revenues will grow at a nine-year CAGR from 2021 to 2030 of 28.8%, versus the previous 20.4% estimate.","news_type":1,"symbols_score_info":{"MSFT":0.9,"AMRS":0.9,"ATEC":0.9,"AMZN":0.9,"ADUS":0.9}},"isVote":1,"tweetType":1,"viewCount":481,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":321014840,"gmtCreate":1615385187980,"gmtModify":1703488226772,"author":{"id":"3572685978072370","authorId":"3572685978072370","name":"JLYJ","avatar":"https://static.tigerbbs.com/de57572f1fa11e3decd397d6be51e2e6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572685978072370","idStr":"3572685978072370"},"themes":[],"htmlText":"Apple is a solid company","listText":"Apple is a solid company","text":"Apple is a solid company","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/321014840","repostId":"1176251994","repostType":4,"isVote":1,"tweetType":1,"viewCount":539,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":368485760,"gmtCreate":1614348194350,"gmtModify":1703476712352,"author":{"id":"3572685978072370","authorId":"3572685978072370","name":"JLYJ","avatar":"https://static.tigerbbs.com/de57572f1fa11e3decd397d6be51e2e6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572685978072370","idStr":"3572685978072370"},"themes":[],"htmlText":"Just a minor ship","listText":"Just a minor ship","text":"Just a minor ship","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/368485760","repostId":"1106176819","repostType":4,"isVote":1,"tweetType":1,"viewCount":501,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":369877606,"gmtCreate":1614036050405,"gmtModify":1634551482257,"author":{"id":"3572685978072370","authorId":"3572685978072370","name":"JLYJ","avatar":"https://static.tigerbbs.com/de57572f1fa11e3decd397d6be51e2e6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572685978072370","idStr":"3572685978072370"},"themes":[],"htmlText":"CRWD is a bit high at the moment .","listText":"CRWD is a bit high at the moment .","text":"CRWD is a bit high at the moment .","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/369877606","repostId":"1143100356","repostType":4,"isVote":1,"tweetType":1,"viewCount":222,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":369958768,"gmtCreate":1614000137954,"gmtModify":1634551595490,"author":{"id":"3572685978072370","authorId":"3572685978072370","name":"JLYJ","avatar":"https://static.tigerbbs.com/de57572f1fa11e3decd397d6be51e2e6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572685978072370","idStr":"3572685978072370"},"themes":[],"htmlText":"Giving out dividend will make it more attractive.","listText":"Giving out dividend will make it more attractive.","text":"Giving out dividend will make it more attractive.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/369958768","repostId":"1171414372","repostType":4,"repost":{"id":"1171414372","kind":"news","pubTimestamp":1613964674,"share":"https://www.laohu8.com/m/news/1171414372?lang=zh_CN&edition=full","pubTime":"2021-02-22 11:31","market":"us","language":"en","title":"Warren Buffett’s Letter to Shareholders Is Coming. What Investors Want to See.<blockquote>沃伦·巴菲特致股东的信即将到来。投资者希望看到的。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1171414372","media":"Barrons","summary":"As Warren Buffett prepares to put the finishing touches on his eagerly awaited annual letter toBerks","content":"<p>As Warren Buffett prepares to put the finishing touches on his eagerly awaited annual letter toBerkshire Hathawayshare&nbsp;holders, the CEO has much to address.</p><p><blockquote>当沃伦·巴菲特准备对他期待已久的致伯克希尔·哈撒韦公司股东的年度信进行最后的润色时，这位首席执行官有很多事情要解决。</blockquote></p><p>They include the&nbsp;underperformance of Berkshire(ticker: BRK.A and BRK.B) shares over the past one, five, and 10 years, Buffett’s cautious approach to new investments, and the spotty record of Berkshire’s acquisitions over the past decade.</p><p><blockquote>其中包括伯克希尔哈撒韦公司（股票代码：BRK.A和BRK.B）股票在过去一年、五年和十年中表现不佳，巴菲特对新投资的谨慎态度，以及伯克希尔哈撒韦公司过去十年收购记录参差不齐。</blockquote></p><p>Yet that letter—due out on Feb. 27, along with the annual report and fourth-quarter earnings—can help write Berkshire’s next chapter. All it would need is an announcement of the initiation of a dividend.</p><p><blockquote>然而，这封将于2月27日与年度报告和第四季度收益一起发布的信可以帮助书写伯克希尔哈撒韦的下一个篇章。它所需要的只是宣布开始派息。</blockquote></p><p>A dividend of 2% would be a good start, representing about 40% of projected 2021 earnings. It would probably lift the stock by broadening the base of potential investors to those who want or need dividends.</p><p><blockquote>2%的股息将是一个良好的开端，约占2021年预计收益的40%。它可能会通过将潜在投资者的基础扩大到那些想要或需要股息的人来提振股价。</blockquote></p><p>Berkshire has stepped up its share repurchases, buying back $15.7 billion of stock in the first three quarters of 2020, or about 3% of the shares outstanding. But with $146 billion in cash and projected earnings this year of $25 billion, it has the ability to pay a dividend as well as to buy back stock.</p><p><blockquote>伯克希尔加大了股票回购力度，在2020年前三季度回购了157亿美元的股票，约占已发行股票的3%。但凭借1,460亿美元现金和今年预计盈利250亿美元，该公司有能力支付股息并回购股票。</blockquote></p><p>“Berkshire should pay a dividend; this would increase the appeal of the shares to investors who want current income,” says David King, co-manager of the Columbia Flexible Capital Income fund. “Given Berkshire’s size and financial strength, the company is unique in paying no dividend and that should be changed.”</p><p><blockquote>“伯克希尔应该支付股息；这将增加股票对想要当前收入的投资者的吸引力，”哥伦比亚灵活资本收益基金联席经理戴维·金表示。“鉴于伯克希尔的规模和财务实力，该公司在不支付股息方面是独一无二的，这种情况应该改变。”</blockquote></p><p><img src=\"https://static.tigerbbs.com/014471f5dbd6554ccdd4f23756e41a51\" tg-width=\"963\" tg-height=\"627\"></p><p><blockquote></blockquote></p><p>Berkshire hasn’t paid a dividend for over 50 years. Why? Buffett’s view has been that a dollar in his hands is better than one in the hands of shareholders. That was long the case as Buffett worked his investment and acquisition magic, but it has been less true in recent years. Buffett declined to comment for this article.</p><p><blockquote>伯克希尔已经50多年没有支付股息了。为什么？巴菲特的观点是，一美元在他手中胜过一美元在股东手中。在巴菲特施展投资和收购魔法的过程中，情况一直如此，但近年来情况已不那么真实了。巴菲特拒绝对本文发表评论。</blockquote></p><p>In his 2012 annual letter, the CEO addressed the dividend issue, arguing that the better, and more tax-efficient, approach would be for investors who want income to sell a small portion of their Berkshire stock each year.</p><p><blockquote>在2012年年度信中，这位首席执行官谈到了股息问题，认为对于希望获得收入的投资者来说，更好、更节税的方法是每年出售一小部分伯克希尔股票。</blockquote></p><p>“First, dividends impose a specific cash-out policy upon all shareholders. If, say, 40% of earnings is the policy, those who wish 30% or 50% will be thwarted,” Buffett wrote. “Our 600,000 shareholders cover the waterfront in their desires for cash. It is safe to say, however, that a great many of them—perhaps even most of them—are in a net-savings mode and logically should prefer no payment at all.”</p><p><blockquote>“首先，股息对所有股东施加了特定的套现政策。比方说，如果政策是收益的40%，那些希望获得30%或50%的人将会受挫，”巴菲特写道。“我们的60万股东对现金的渴望无处不在。然而，可以肯定地说，他们中的许多人——甚至可能是大多数——都处于净储蓄模式，从逻辑上讲，他们应该宁愿根本不付款。”</blockquote></p><p>In 2014, Berkshire holder&nbsp;soverwhelmingly rejected a proxy proposalon dividends.</p><p><blockquote>2014年，伯克希尔股东以压倒性多数拒绝了股息代理提案。</blockquote></p><p><img src=\"https://static.tigerbbs.com/d68e1f8f07f62b85a646a858fee9196c\" tg-width=\"956\" tg-height=\"571\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>Yet Berkshire’s cash has more than doubled since then, notes Edward Jones analyst James Shanahan, who favors a dividend. “A dividend is a good idea if only because the cash balance has grown so much,” he says, adding that significant repurchases at Berkshire are more difficult than at other big companies because there is less liquidity in its stock.</p><p><blockquote>然而，爱德华·琼斯(Edward Jones)分析师詹姆斯·沙纳汉(James Shanahan)指出，自那时以来，伯克希尔的现金增加了一倍多，他倾向于派息。他表示：“股息是一个好主意，因为现金余额增长了很多。”他补充说，伯克希尔哈撒韦公司的大规模回购比其他大公司更加困难，因为其股票的流动性较低。</blockquote></p><p>Berkshire’s class A shares have lagged behind theS&amp;P 500 indexby 40 percentage points since the end of 2018. They now look appealing at around $368,000, less than 1.3 times estimated year-end 2020 book value of around $287,000 and about 23 times projected 2021 earnings. Its class B shares trade around $243.</p><p><blockquote>自2018年底以来，伯克希尔A类股落后标准普尔500指数40个百分点。它们现在看起来很有吸引力，约为368,000美元，不到2020年底预计账面价值约287,000美元的1.3倍，约为2021年预计收益的23倍。其B类股交易价格约为243美元。</blockquote></p><p>Berkshire has traded at closer to 1.4 times book value in the past five years, and earnings are set to climb in 2021, thanks to businesses with exposure to an improving economy, like the Burlington Northern Santa Fe railroad.</p><p><blockquote>过去五年，伯克希尔哈撒韦公司的股价接近账面价值的1.4倍，由于伯灵顿北圣达菲铁路公司等经济好转的企业，2021年的盈利将攀升。</blockquote></p><p>Still, the past decade has been one of missed opportunities for Buffett—with the stake inApple(AAPL) the notable exception.While the recently disclosed big purchasesinVerizon Communications(VZ) andChevron(CVX) made waves, Berkshire was likely a net seller of about $9 billion of stocks last year. The company also failed to capitalize on the market turmoil and make any big acquisitions.</p><p><blockquote>尽管如此，过去十年仍然是巴菲特错失的机会之一——苹果公司（AAPL）的股份是一个明显的例外。尽管最近披露的对威瑞森通信(VZ)和雪佛龙(CVX)的大额收购引起了轰动，但伯克希尔去年可能净卖出了约90亿美元的股票。该公司也未能利用市场动荡进行任何重大收购。</blockquote></p><p>So what else might Berkshire shareholders hope to see in the annual letter? More disclosure would help. It’s hard to know exactly how well Precision Castparts and other major Berkshire businesses are doing because the company doesn’t break out their results.</p><p><blockquote>那么伯克希尔股东还希望在年度信中看到什么呢？更多的披露会有所帮助。很难确切知道Precision Castparts和伯克希尔其他主要业务的表现如何，因为该公司没有公布业绩。</blockquote></p><p>There is also the question of succession, with Buffett turning 90 last August. Buffett could give up the CEO job to Berkshire’s vice chairman, Greg Abel, while remaining chairman and continuing to oversee Berkshire’s investment portfolio, including $270 billion of stocks.</p><p><blockquote>还有接班人的问题，巴菲特去年8月就90岁了。巴菲特可能会将首席执行官一职让给伯克希尔副董事长格雷格·阿贝尔，同时继续担任董事长并继续监管伯克希尔的投资组合，包括2700亿美元的股票。</blockquote></p><p>Berkshire hasn’t named an heir apparent to Buffett, but it’s widely assumed to be Abel, 58, who oversees Berkshire’s vast noninsurance operations, including Burlington Northern.</p><p><blockquote>伯克希尔尚未指定巴菲特的法定继承人，但人们普遍认为是58岁的阿贝尔，他负责监管伯克希尔庞大的非保险业务，包括伯灵顿北方保险公司。</blockquote></p><p>That would give Abel important experience while Buffett is still on the scene, allowing Abel to take new steps, like potentially holding Berkshire’s first investor day.</p><p><blockquote>这将在巴菲特还在现场的时候给阿贝尔提供重要的经验，使阿贝尔能够采取新的措施，比如可能举办伯克希尔的第一个投资者日。</blockquote></p><p></p><p>And whether it is Abel or someone else, a dividend would take pressure off Buffett’s successor to reinvest Berkshire’s earnings torrent and align the conglomerate with most other giant companies.</p><p><blockquote>无论是阿贝尔还是其他人，股息都将减轻巴菲特继任者对伯克希尔的盈利洪流进行再投资的压力，并使该集团与大多数其他巨头公司保持一致。</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>Warren Buffett’s Letter to Shareholders Is Coming. What Investors Want to See.<blockquote>沃伦·巴菲特致股东的信即将到来。投资者希望看到的。</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWarren Buffett’s Letter to Shareholders Is Coming. What Investors Want to See.<blockquote>沃伦·巴菲特致股东的信即将到来。投资者希望看到的。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-02-22 11:31</span>\n</p>\n</h4>\n</header>\n<article>\n<p>As Warren Buffett prepares to put the finishing touches on his eagerly awaited annual letter toBerkshire Hathawayshare&nbsp;holders, the CEO has much to address.</p><p><blockquote>当沃伦·巴菲特准备对他期待已久的致伯克希尔·哈撒韦公司股东的年度信进行最后的润色时，这位首席执行官有很多事情要解决。</blockquote></p><p>They include the&nbsp;underperformance of Berkshire(ticker: BRK.A and BRK.B) shares over the past one, five, and 10 years, Buffett’s cautious approach to new investments, and the spotty record of Berkshire’s acquisitions over the past decade.</p><p><blockquote>其中包括伯克希尔哈撒韦公司（股票代码：BRK.A和BRK.B）股票在过去一年、五年和十年中表现不佳，巴菲特对新投资的谨慎态度，以及伯克希尔哈撒韦公司过去十年收购记录参差不齐。</blockquote></p><p>Yet that letter—due out on Feb. 27, along with the annual report and fourth-quarter earnings—can help write Berkshire’s next chapter. All it would need is an announcement of the initiation of a dividend.</p><p><blockquote>然而，这封将于2月27日与年度报告和第四季度收益一起发布的信可以帮助书写伯克希尔哈撒韦的下一个篇章。它所需要的只是宣布开始派息。</blockquote></p><p>A dividend of 2% would be a good start, representing about 40% of projected 2021 earnings. It would probably lift the stock by broadening the base of potential investors to those who want or need dividends.</p><p><blockquote>2%的股息将是一个良好的开端，约占2021年预计收益的40%。它可能会通过将潜在投资者的基础扩大到那些想要或需要股息的人来提振股价。</blockquote></p><p>Berkshire has stepped up its share repurchases, buying back $15.7 billion of stock in the first three quarters of 2020, or about 3% of the shares outstanding. But with $146 billion in cash and projected earnings this year of $25 billion, it has the ability to pay a dividend as well as to buy back stock.</p><p><blockquote>伯克希尔加大了股票回购力度，在2020年前三季度回购了157亿美元的股票，约占已发行股票的3%。但凭借1,460亿美元现金和今年预计盈利250亿美元，该公司有能力支付股息并回购股票。</blockquote></p><p>“Berkshire should pay a dividend; this would increase the appeal of the shares to investors who want current income,” says David King, co-manager of the Columbia Flexible Capital Income fund. “Given Berkshire’s size and financial strength, the company is unique in paying no dividend and that should be changed.”</p><p><blockquote>“伯克希尔应该支付股息；这将增加股票对想要当前收入的投资者的吸引力，”哥伦比亚灵活资本收益基金联席经理戴维·金表示。“鉴于伯克希尔的规模和财务实力，该公司在不支付股息方面是独一无二的，这种情况应该改变。”</blockquote></p><p><img src=\"https://static.tigerbbs.com/014471f5dbd6554ccdd4f23756e41a51\" tg-width=\"963\" tg-height=\"627\"></p><p><blockquote></blockquote></p><p>Berkshire hasn’t paid a dividend for over 50 years. Why? Buffett’s view has been that a dollar in his hands is better than one in the hands of shareholders. That was long the case as Buffett worked his investment and acquisition magic, but it has been less true in recent years. Buffett declined to comment for this article.</p><p><blockquote>伯克希尔已经50多年没有支付股息了。为什么？巴菲特的观点是，一美元在他手中胜过一美元在股东手中。在巴菲特施展投资和收购魔法的过程中，情况一直如此，但近年来情况已不那么真实了。巴菲特拒绝对本文发表评论。</blockquote></p><p>In his 2012 annual letter, the CEO addressed the dividend issue, arguing that the better, and more tax-efficient, approach would be for investors who want income to sell a small portion of their Berkshire stock each year.</p><p><blockquote>在2012年年度信中，这位首席执行官谈到了股息问题，认为对于希望获得收入的投资者来说，更好、更节税的方法是每年出售一小部分伯克希尔股票。</blockquote></p><p>“First, dividends impose a specific cash-out policy upon all shareholders. If, say, 40% of earnings is the policy, those who wish 30% or 50% will be thwarted,” Buffett wrote. “Our 600,000 shareholders cover the waterfront in their desires for cash. It is safe to say, however, that a great many of them—perhaps even most of them—are in a net-savings mode and logically should prefer no payment at all.”</p><p><blockquote>“首先，股息对所有股东施加了特定的套现政策。比方说，如果政策是收益的40%，那些希望获得30%或50%的人将会受挫，”巴菲特写道。“我们的60万股东对现金的渴望无处不在。然而，可以肯定地说，他们中的许多人——甚至可能是大多数——都处于净储蓄模式，从逻辑上讲，他们应该宁愿根本不付款。”</blockquote></p><p>In 2014, Berkshire holder&nbsp;soverwhelmingly rejected a proxy proposalon dividends.</p><p><blockquote>2014年，伯克希尔股东以压倒性多数拒绝了股息代理提案。</blockquote></p><p><img src=\"https://static.tigerbbs.com/d68e1f8f07f62b85a646a858fee9196c\" tg-width=\"956\" tg-height=\"571\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>Yet Berkshire’s cash has more than doubled since then, notes Edward Jones analyst James Shanahan, who favors a dividend. “A dividend is a good idea if only because the cash balance has grown so much,” he says, adding that significant repurchases at Berkshire are more difficult than at other big companies because there is less liquidity in its stock.</p><p><blockquote>然而，爱德华·琼斯(Edward Jones)分析师詹姆斯·沙纳汉(James Shanahan)指出，自那时以来，伯克希尔的现金增加了一倍多，他倾向于派息。他表示：“股息是一个好主意，因为现金余额增长了很多。”他补充说，伯克希尔哈撒韦公司的大规模回购比其他大公司更加困难，因为其股票的流动性较低。</blockquote></p><p>Berkshire’s class A shares have lagged behind theS&amp;P 500 indexby 40 percentage points since the end of 2018. They now look appealing at around $368,000, less than 1.3 times estimated year-end 2020 book value of around $287,000 and about 23 times projected 2021 earnings. Its class B shares trade around $243.</p><p><blockquote>自2018年底以来，伯克希尔A类股落后标准普尔500指数40个百分点。它们现在看起来很有吸引力，约为368,000美元，不到2020年底预计账面价值约287,000美元的1.3倍，约为2021年预计收益的23倍。其B类股交易价格约为243美元。</blockquote></p><p>Berkshire has traded at closer to 1.4 times book value in the past five years, and earnings are set to climb in 2021, thanks to businesses with exposure to an improving economy, like the Burlington Northern Santa Fe railroad.</p><p><blockquote>过去五年，伯克希尔哈撒韦公司的股价接近账面价值的1.4倍，由于伯灵顿北圣达菲铁路公司等经济好转的企业，2021年的盈利将攀升。</blockquote></p><p>Still, the past decade has been one of missed opportunities for Buffett—with the stake inApple(AAPL) the notable exception.While the recently disclosed big purchasesinVerizon Communications(VZ) andChevron(CVX) made waves, Berkshire was likely a net seller of about $9 billion of stocks last year. The company also failed to capitalize on the market turmoil and make any big acquisitions.</p><p><blockquote>尽管如此，过去十年仍然是巴菲特错失的机会之一——苹果公司（AAPL）的股份是一个明显的例外。尽管最近披露的对威瑞森通信(VZ)和雪佛龙(CVX)的大额收购引起了轰动，但伯克希尔去年可能净卖出了约90亿美元的股票。该公司也未能利用市场动荡进行任何重大收购。</blockquote></p><p>So what else might Berkshire shareholders hope to see in the annual letter? More disclosure would help. It’s hard to know exactly how well Precision Castparts and other major Berkshire businesses are doing because the company doesn’t break out their results.</p><p><blockquote>那么伯克希尔股东还希望在年度信中看到什么呢？更多的披露会有所帮助。很难确切知道Precision Castparts和伯克希尔其他主要业务的表现如何，因为该公司没有公布业绩。</blockquote></p><p>There is also the question of succession, with Buffett turning 90 last August. Buffett could give up the CEO job to Berkshire’s vice chairman, Greg Abel, while remaining chairman and continuing to oversee Berkshire’s investment portfolio, including $270 billion of stocks.</p><p><blockquote>还有接班人的问题，巴菲特去年8月就90岁了。巴菲特可能会将首席执行官一职让给伯克希尔副董事长格雷格·阿贝尔，同时继续担任董事长并继续监管伯克希尔的投资组合，包括2700亿美元的股票。</blockquote></p><p>Berkshire hasn’t named an heir apparent to Buffett, but it’s widely assumed to be Abel, 58, who oversees Berkshire’s vast noninsurance operations, including Burlington Northern.</p><p><blockquote>伯克希尔尚未指定巴菲特的法定继承人，但人们普遍认为是58岁的阿贝尔，他负责监管伯克希尔庞大的非保险业务，包括伯灵顿北方保险公司。</blockquote></p><p>That would give Abel important experience while Buffett is still on the scene, allowing Abel to take new steps, like potentially holding Berkshire’s first investor day.</p><p><blockquote>这将在巴菲特还在现场的时候给阿贝尔提供重要的经验，使阿贝尔能够采取新的措施，比如可能举办伯克希尔的第一个投资者日。</blockquote></p><p></p><p>And whether it is Abel or someone else, a dividend would take pressure off Buffett’s successor to reinvest Berkshire’s earnings torrent and align the conglomerate with most other giant companies.</p><p><blockquote>无论是阿贝尔还是其他人，股息都将减轻巴菲特继任者对伯克希尔的盈利洪流进行再投资的压力，并使该集团与大多数其他巨头公司保持一致。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/how-warren-buffetts-berkshire-hathaway-shareholder-letter-could-lift-the-companys-stock-51613778470?mod=hp_LEADSUPP_3\">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":{"BRK.B":"伯克希尔B","BRK.A":"伯克希尔"},"source_url":"https://www.barrons.com/articles/how-warren-buffetts-berkshire-hathaway-shareholder-letter-could-lift-the-companys-stock-51613778470?mod=hp_LEADSUPP_3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1171414372","content_text":"As Warren Buffett prepares to put the finishing touches on his eagerly awaited annual letter toBerkshire Hathawayshare holders, the CEO has much to address.They include the underperformance of Berkshire(ticker: BRK.A and BRK.B) shares over the past one, five, and 10 years, Buffett’s cautious approach to new investments, and the spotty record of Berkshire’s acquisitions over the past decade.Yet that letter—due out on Feb. 27, along with the annual report and fourth-quarter earnings—can help write Berkshire’s next chapter. All it would need is an announcement of the initiation of a dividend.A dividend of 2% would be a good start, representing about 40% of projected 2021 earnings. It would probably lift the stock by broadening the base of potential investors to those who want or need dividends.Berkshire has stepped up its share repurchases, buying back $15.7 billion of stock in the first three quarters of 2020, or about 3% of the shares outstanding. But with $146 billion in cash and projected earnings this year of $25 billion, it has the ability to pay a dividend as well as to buy back stock.“Berkshire should pay a dividend; this would increase the appeal of the shares to investors who want current income,” says David King, co-manager of the Columbia Flexible Capital Income fund. “Given Berkshire’s size and financial strength, the company is unique in paying no dividend and that should be changed.”Berkshire hasn’t paid a dividend for over 50 years. Why? Buffett’s view has been that a dollar in his hands is better than one in the hands of shareholders. That was long the case as Buffett worked his investment and acquisition magic, but it has been less true in recent years. Buffett declined to comment for this article.In his 2012 annual letter, the CEO addressed the dividend issue, arguing that the better, and more tax-efficient, approach would be for investors who want income to sell a small portion of their Berkshire stock each year.“First, dividends impose a specific cash-out policy upon all shareholders. If, say, 40% of earnings is the policy, those who wish 30% or 50% will be thwarted,” Buffett wrote. “Our 600,000 shareholders cover the waterfront in their desires for cash. It is safe to say, however, that a great many of them—perhaps even most of them—are in a net-savings mode and logically should prefer no payment at all.”In 2014, Berkshire holder soverwhelmingly rejected a proxy proposalon dividends.Yet Berkshire’s cash has more than doubled since then, notes Edward Jones analyst James Shanahan, who favors a dividend. “A dividend is a good idea if only because the cash balance has grown so much,” he says, adding that significant repurchases at Berkshire are more difficult than at other big companies because there is less liquidity in its stock.Berkshire’s class A shares have lagged behind theS&P 500 indexby 40 percentage points since the end of 2018. They now look appealing at around $368,000, less than 1.3 times estimated year-end 2020 book value of around $287,000 and about 23 times projected 2021 earnings. Its class B shares trade around $243.Berkshire has traded at closer to 1.4 times book value in the past five years, and earnings are set to climb in 2021, thanks to businesses with exposure to an improving economy, like the Burlington Northern Santa Fe railroad.Still, the past decade has been one of missed opportunities for Buffett—with the stake inApple(AAPL) the notable exception.While the recently disclosed big purchasesinVerizon Communications(VZ) andChevron(CVX) made waves, Berkshire was likely a net seller of about $9 billion of stocks last year. The company also failed to capitalize on the market turmoil and make any big acquisitions.So what else might Berkshire shareholders hope to see in the annual letter? More disclosure would help. It’s hard to know exactly how well Precision Castparts and other major Berkshire businesses are doing because the company doesn’t break out their results.There is also the question of succession, with Buffett turning 90 last August. Buffett could give up the CEO job to Berkshire’s vice chairman, Greg Abel, while remaining chairman and continuing to oversee Berkshire’s investment portfolio, including $270 billion of stocks.Berkshire hasn’t named an heir apparent to Buffett, but it’s widely assumed to be Abel, 58, who oversees Berkshire’s vast noninsurance operations, including Burlington Northern.That would give Abel important experience while Buffett is still on the scene, allowing Abel to take new steps, like potentially holding Berkshire’s first investor day.And whether it is Abel or someone else, a dividend would take pressure off Buffett’s successor to reinvest Berkshire’s earnings torrent and align the conglomerate with most other giant companies.","news_type":1,"symbols_score_info":{"BRK.B":0.9,"BRK.A":0.9}},"isVote":1,"tweetType":1,"viewCount":301,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":384298455,"gmtCreate":1613653908977,"gmtModify":1634552773154,"author":{"id":"3572685978072370","authorId":"3572685978072370","name":"JLYJ","avatar":"https://static.tigerbbs.com/de57572f1fa11e3decd397d6be51e2e6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572685978072370","idStr":"3572685978072370"},"themes":[],"htmlText":"Good information for our reference","listText":"Good information for our reference","text":"Good information for our reference","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/384298455","repostId":"1162528908","repostType":4,"isVote":1,"tweetType":1,"viewCount":359,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":384036244,"gmtCreate":1613582646188,"gmtModify":1634553046470,"author":{"id":"3572685978072370","authorId":"3572685978072370","name":"JLYJ","avatar":"https://static.tigerbbs.com/de57572f1fa11e3decd397d6be51e2e6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572685978072370","idStr":"3572685978072370"},"themes":[],"htmlText":"That's more like dividend and defensive stocks","listText":"That's more like dividend and defensive stocks","text":"That's more like dividend and defensive stocks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/384036244","repostId":"1174381857","repostType":4,"isVote":1,"tweetType":1,"viewCount":248,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":354482616,"gmtCreate":1617196984535,"gmtModify":1631891822551,"author":{"id":"3572685978072370","authorId":"3572685978072370","name":"JLYJ","avatar":"https://static.tigerbbs.com/de57572f1fa11e3decd397d6be51e2e6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572685978072370","idStr":"3572685978072370"},"themes":[],"htmlText":"有必要吗？","listText":"有必要吗？","text":"有必要吗？","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/354482616","repostId":"2123240433","repostType":4,"isVote":1,"tweetType":1,"viewCount":2294,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":358848404,"gmtCreate":1616681741208,"gmtModify":1631892906016,"author":{"id":"3572685978072370","authorId":"3572685978072370","name":"JLYJ","avatar":"https://static.tigerbbs.com/de57572f1fa11e3decd397d6be51e2e6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572685978072370","idStr":"3572685978072370"},"themes":[],"htmlText":"It's a roller coaster ride","listText":"It's a roller coaster ride","text":"It's a roller coaster ride","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/358848404","repostId":"1185338749","repostType":4,"isVote":1,"tweetType":1,"viewCount":389,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}