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th0mastan

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2021-12-18

Looking forward to see $Sea Ltd(SE)$excite and scale in the new markets, especially inLatin America. Somehow Shopee has alwaysbeen adopting a non-traditional form of advertising strategy by coming up with catchy theme songs, somehow it seems to work. Hope it continues the growth

抱歉，原内容已删除

2021-07-01

$NIO Inc.(NIO)$Likely Nio would emerge arethe champion among all the Chinese EVs

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

2021-12-16

This is the reason why $Teladoc Health Inc.(TDOC)$has corrected so much recently

抱歉，原内容已删除

2021-09-11

Nvdia is really at the forefront of AI. If the execution by the company goes well, it will pull ahead from its competitors

抱歉，原内容已删除

2021-08-31

$SEA LTD(SE)$Hopefully it will make me rich together with the founder

2021-08-06

Truly believe that $NIO Inc.(NIO)$will be theleader for Chinese EV

2021-07-28

$SEA LTD(SE)$Waiting to accumulate moreif it corrects further

2021-08-06

$SEA LTD(SE)$Great bussiness with strongfundamental for long term growth

2021-07-01

$NVIDIA Corp(NVDA)$Hit all time high today, would say this is the best performance among the stocks I picked up during the correction few months back

2021-05-22

Does this mean that the share price will be diluted?

Nvidia announces four-for-one stock split<blockquote>英伟达宣布四比一的股票分割</blockquote>

去老虎APP查看更多动态

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,"htmlText":"SE is beaten down together with all the growth stocks, however I would say SE is on a different league of its own given their businesses and most that they are building","listText":"SE is beaten down together with all the growth stocks, however I would say SE is on a different league of its own given their businesses and most that they are building","text":"SE is beaten down together with all the growth stocks, however I would say SE is on a different league of its own given their businesses and most that they are building","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/691114016","repostId":"1185656110","repostType":4,"repost":{"id":"1185656110","kind":"news","pubTimestamp":1640143989,"share":"https://www.laohu8.com/m/news/1185656110?lang=zh_CN&edition=full","pubTime":"2021-12-22 11:33","market":"us","language":"en","title":"Why Sea Limited Stock Popped 10.82% Higher Today<blockquote>为什么Sea Limited股价今天上涨10.82%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1185656110","media":"Motley Fool","summary":"What happened\nShares of e-commerce giant Sea Limited(NYSE:SE)were up 10.82% today. This is more a re","content":"<p>What happened</p><p><blockquote>发生了什么</blockquote></p><p> Shares of e-commerce giant&nbsp;<b>Sea Limited</b>(NYSE:SE)were up 10.82% today. This is more a relief rally than anything else.</p><p><blockquote>电商巨头股票<b>海有限公司</b>（纽约证券交易所股票代码：SE）今天上涨10.82%。这更像是一次救济集会。</blockquote></p><p> Sea has been dragged down along with other high-octane growth stocks since news of the omicron variant hit a month ago. Even after today's pop, Sea stock is&nbsp;down some 30% in the last month, erasing what was up until November a nearly 80% year-to-date return in 2021.</p><p><blockquote>自一个月前奥密克戎变种的消息传出以来，Sea与其他高辛烷值成长型股票一起受到拖累。即使在今天的上涨之后，Sea股票上个月仍下跌了约30%，抹去了截至11月的2021年年初至今近80%的回报率。</blockquote></p><p> So what</p><p><blockquote>那又怎样</blockquote></p><p> It's not surprising that Sea has been volatile as of late. The company's fast growth is undeniable, riding the wave of fast digitization of the economies of Southeast Asia. More recent expansion into new markets like South America and Eastern Europe are also promising.</p><p><blockquote>Sea最近波动并不奇怪。该公司的快速增长是不可否认的，乘着东南亚经济快速数字化的浪潮。最近向南美和东欧等新市场的扩张也很有希望。</blockquote></p><p> However, that growth comes at a cost. Sea uses profits from its video game segment (its marquee game&nbsp;<i>Free Fire</i>) to fuel its e-commerce and digital financial-services divisions -- both of which are currently very unprofitable. The result? A growth stock with lots of potentials, but susceptible to wild swings up and down as investors assess the trajectory of future sales and the eventual payoff for this&nbsp;emerging-markets technologist.</p><p><blockquote>然而，这种增长是有代价的。Sea利用其视频游戏部门（其招牌游戏）的利润<i>自由射击</i>）来推动其电子商务和数字金融服务部门——这两个部门目前都非常无利可图。结果呢？这是一只具有巨大潜力的成长型股票，但随着投资者评估未来销售轨迹和这位新兴市场技术专家的最终回报，它很容易上下剧烈波动。</blockquote></p><p> Now what</p><p><blockquote>现在怎么办</blockquote></p><p> Here's the good news: While Sea has taken a page from the&nbsp;<b>Amazon</b>&nbsp;playbook and is dumping excess cash back into operations to focus on expansion, there are early signs of eventual bottom-line black ink. As measured by free cash flow, Sea actually swung to a profit this year.</p><p><blockquote>好消息是：虽然Sea已经借鉴了<b>亚马逊</b>playbook正在将多余的现金重新投入运营以专注于扩张，有早期迹象表明最终的底线是黑色的。以自由现金流衡量，Sea今年实际上扭亏为盈。</blockquote></p><p> The company generated $342 million in the last trailing-12-month stretch on revenue of $8.3 billion. That's hardly what would be considered a robust profit margin by most value-oriented investors, but it's a solid start for this young company.</p><p><blockquote>该公司在过去12个月的收入为83亿美元，创造了3.42亿美元的收入。这很难说是大多数价值导向型投资者认为的强劲利润率，但对于这家年轻公司来说，这是一个坚实的开端。</blockquote></p><p> But don't worry right now. If long-term growth is what you're after and you can stomach the roller-coaster ride that is Sea, this company is amply funded to continue spending heavily. The company had $11.8 billion in cash and short-term investments on hand at the end of September, offset by convertible debt of just $3.5 billion. At under 14 times trailing 12-month revenue, Sea stock could be a great long-term deal (think at least a few years, but the more the better) headed into 2022.</p><p><blockquote>但现在别担心。如果您追求的是长期增长，并且您可以忍受Sea的过山车之旅，那么这家公司就有充足的资金继续大举支出。截至9月底，该公司手头现金和短期投资为118亿美元，被仅35亿美元的可转换债务所抵消。Sea股票过去12个月收入的14倍以下，进入2022年，Sea股票可能是一笔不错的长期交易（至少考虑几年，但越多越好）。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Sea Limited Stock Popped 10.82% Higher Today<blockquote>为什么Sea Limited股价今天上涨10.82%</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 Sea Limited Stock Popped 10.82% Higher Today<blockquote>为什么Sea Limited股价今天上涨10.82%</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\">2021-12-22 11:33</span>\n</p>\n</h4>\n</header>\n<article>\n<p>What happened</p><p><blockquote>发生了什么</blockquote></p><p> Shares of e-commerce giant&nbsp;<b>Sea Limited</b>(NYSE:SE)were up 10.82% today. This is more a relief rally than anything else.</p><p><blockquote>电商巨头股票<b>海有限公司</b>（纽约证券交易所股票代码：SE）今天上涨10.82%。这更像是一次救济集会。</blockquote></p><p> Sea has been dragged down along with other high-octane growth stocks since news of the omicron variant hit a month ago. Even after today's pop, Sea stock is&nbsp;down some 30% in the last month, erasing what was up until November a nearly 80% year-to-date return in 2021.</p><p><blockquote>自一个月前奥密克戎变种的消息传出以来，Sea与其他高辛烷值成长型股票一起受到拖累。即使在今天的上涨之后，Sea股票上个月仍下跌了约30%，抹去了截至11月的2021年年初至今近80%的回报率。</blockquote></p><p> So what</p><p><blockquote>那又怎样</blockquote></p><p> It's not surprising that Sea has been volatile as of late. The company's fast growth is undeniable, riding the wave of fast digitization of the economies of Southeast Asia. More recent expansion into new markets like South America and Eastern Europe are also promising.</p><p><blockquote>Sea最近波动并不奇怪。该公司的快速增长是不可否认的，乘着东南亚经济快速数字化的浪潮。最近向南美和东欧等新市场的扩张也很有希望。</blockquote></p><p> However, that growth comes at a cost. Sea uses profits from its video game segment (its marquee game&nbsp;<i>Free Fire</i>) to fuel its e-commerce and digital financial-services divisions -- both of which are currently very unprofitable. The result? A growth stock with lots of potentials, but susceptible to wild swings up and down as investors assess the trajectory of future sales and the eventual payoff for this&nbsp;emerging-markets technologist.</p><p><blockquote>然而，这种增长是有代价的。Sea利用其视频游戏部门（其招牌游戏）的利润<i>自由射击</i>）来推动其电子商务和数字金融服务部门——这两个部门目前都非常无利可图。结果呢？这是一只具有巨大潜力的成长型股票，但随着投资者评估未来销售轨迹和这位新兴市场技术专家的最终回报，它很容易上下剧烈波动。</blockquote></p><p> Now what</p><p><blockquote>现在怎么办</blockquote></p><p> Here's the good news: While Sea has taken a page from the&nbsp;<b>Amazon</b>&nbsp;playbook and is dumping excess cash back into operations to focus on expansion, there are early signs of eventual bottom-line black ink. As measured by free cash flow, Sea actually swung to a profit this year.</p><p><blockquote>好消息是：虽然Sea已经借鉴了<b>亚马逊</b>playbook正在将多余的现金重新投入运营以专注于扩张，有早期迹象表明最终的底线是黑色的。以自由现金流衡量，Sea今年实际上扭亏为盈。</blockquote></p><p> The company generated $342 million in the last trailing-12-month stretch on revenue of $8.3 billion. That's hardly what would be considered a robust profit margin by most value-oriented investors, but it's a solid start for this young company.</p><p><blockquote>该公司在过去12个月的收入为83亿美元，创造了3.42亿美元的收入。这很难说是大多数价值导向型投资者认为的强劲利润率，但对于这家年轻公司来说，这是一个坚实的开端。</blockquote></p><p> But don't worry right now. If long-term growth is what you're after and you can stomach the roller-coaster ride that is Sea, this company is amply funded to continue spending heavily. The company had $11.8 billion in cash and short-term investments on hand at the end of September, offset by convertible debt of just $3.5 billion. At under 14 times trailing 12-month revenue, Sea stock could be a great long-term deal (think at least a few years, but the more the better) headed into 2022.</p><p><blockquote>但现在别担心。如果您追求的是长期增长，并且您可以忍受Sea的过山车之旅，那么这家公司就有充足的资金继续大举支出。截至9月底，该公司手头现金和短期投资为118亿美元，被仅35亿美元的可转换债务所抵消。Sea股票过去12个月收入的14倍以下，进入2022年，Sea股票可能是一笔不错的长期交易（至少考虑几年，但越多越好）。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/12/21/why-sea-limited-stock-popped-67-higher-today/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article\">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":{"SE":"Sea Ltd"},"source_url":"https://www.fool.com/investing/2021/12/21/why-sea-limited-stock-popped-67-higher-today/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1185656110","content_text":"What happened\nShares of e-commerce giant Sea Limited(NYSE:SE)were up 10.82% today. This is more a relief rally than anything else.\nSea has been dragged down along with other high-octane growth stocks since news of the omicron variant hit a month ago. Even after today's pop, Sea stock is down some 30% in the last month, erasing what was up until November a nearly 80% year-to-date return in 2021.\nSo what\nIt's not surprising that Sea has been volatile as of late. The company's fast growth is undeniable, riding the wave of fast digitization of the economies of Southeast Asia. More recent expansion into new markets like South America and Eastern Europe are also promising.\nHowever, that growth comes at a cost. Sea uses profits from its video game segment (its marquee game Free Fire) to fuel its e-commerce and digital financial-services divisions -- both of which are currently very unprofitable. The result? A growth stock with lots of potentials, but susceptible to wild swings up and down as investors assess the trajectory of future sales and the eventual payoff for this emerging-markets technologist.\nNow what\nHere's the good news: While Sea has taken a page from the Amazon playbook and is dumping excess cash back into operations to focus on expansion, there are early signs of eventual bottom-line black ink. As measured by free cash flow, Sea actually swung to a profit this year.\nThe company generated $342 million in the last trailing-12-month stretch on revenue of $8.3 billion. That's hardly what would be considered a robust profit margin by most value-oriented investors, but it's a solid start for this young company.\nBut don't worry right now. If long-term growth is what you're after and you can stomach the roller-coaster ride that is Sea, this company is amply funded to continue spending heavily. The company had $11.8 billion in cash and short-term investments on hand at the end of September, offset by convertible debt of just $3.5 billion. At under 14 times trailing 12-month revenue, Sea stock could be a great long-term deal (think at least a few years, but the more the better) headed into 2022.","news_type":1,"symbols_score_info":{"SE":0.9}},"isVote":1,"tweetType":1,"viewCount":3789,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":691061694,"gmtCreate":1640098922753,"gmtModify":1640098922981,"author":{"id":"3573383537150312","authorId":"3573383537150312","name":"th0mastan","avatar":"https://static.tigerbbs.com/84d76bcdad50787fa2929139725c46f0","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573383537150312","idStr":"3573383537150312"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/PATH\">$UiPath(PATH)$</a>definitely has a long runway, many companies have yet to be open or expose to the power of automation of routinetasks could bring","listText":"<a href=\"https://laohu8.com/S/PATH\">$UiPath(PATH)$</a>definitely has a long runway, many companies have yet to be open or expose to the power of automation of routinetasks could bring","text":"$UiPath(PATH)$definitely has a long runway, many companies have yet to be open or expose to the power of automation of routinetasks could bring","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/691061694","repostId":"1187118079","repostType":4,"repost":{"id":"1187118079","kind":"news","pubTimestamp":1640074161,"share":"https://www.laohu8.com/m/news/1187118079?lang=zh_CN&edition=full","pubTime":"2021-12-21 16:09","market":"us","language":"en","title":"UiPath: Time To Buy The Automation Company<blockquote>UiPath：是时候收购这家自动化公司了</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1187118079","media":"Seeking Alpha","summary":"Summary\n\nUiPath is the leader in robotic process automation, which is a promising market with strong","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>UiPath is the leader in robotic process automation, which is a promising market with strong growth tailwinds.</li>  <li>The company grew ARR at a 58% clip in the latest quarter.</li>  <li>Guidance for the next quarter was robust, but underappreciated due to the stock having traded much higher earlier.</li>  <li>I rate shares a buy as one of the more attractive growth stories today.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/22e8aa8ed08d7e93bcccc31e839fe813\" tg-width=\"1536\" tg-height=\"864\" width=\"100%\" height=\"auto\"><span>Anawat_s/iStock via Getty Images</span></p><p><blockquote><ul><li>UiPath是机器人过程自动化领域的领导者，这是一个前景广阔、增长强劲的市场。</li><li>该公司最近一个季度的ARR增长了58%。</li><li>下一季度的指引强劲，但由于该股早些时候的交易价格高得多，因此被低估。</li><li>我将股票评级为买入，作为当今最具吸引力的增长故事之一。</li></ul><p class=\"t-img-caption\"><span>Anawat_s/iStock来自Getty Images</span></p></blockquote></p><p> UiPath (PATH) is one of those “Cathie Wood” stocks (it makes up&nbsp;3.5% of all Ark funds) that have seen their valuations stripped quickly over the past few months. PATH is now trading below its IPO price in spite of having materially grown its underlying business over that time period. I have previously expressed cautiousness based on valuation, but my concerns have subsided amidst the tech volatility. I rate shares a buy based on the attractiveness of the underlying growth story and reasonable valuation.</p><p><blockquote>UiPath(PATH)是过去几个月估值迅速下降的“Cathie Wood”股票之一（占所有Ark基金的3.5%）。尽管PATH的基础业务在此期间大幅增长，但目前的交易价格仍低于IPO价格。我此前曾基于估值表达过谨慎态度，但在科技股波动中，我的担忧已经消退。我根据潜在增长故事的吸引力和合理的估值将股票评级为买入。</blockquote></p><p> <b>PATH Stock Price</b></p><p><blockquote><b>路径股价</b></blockquote></p><p> After pricing its initial offering at $56 per share and closing that day 23% higher, PATH peaked then headed on a straight downward trajectory to its current $41 price, which is notably below the IPO price.</p><p><blockquote>在将首次公开募股定价为每股56美元并当天收盘上涨23%后，PATH见顶，然后直线下跌至目前的41美元，明显低于IPO价格。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/df4cbd9ca8798d0f4c199af611cced2a\" tg-width=\"635\" tg-height=\"417\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Like many other tech peers, the recent volatility has shined a spotlight on the promising story stocks which were largely ignored by Wall Street veterans due to their bubbly valuations. Now, those stocks, like PATH, suddenly are trading at much more reasonable valuations, with many in clear buyable territory.</p><p><blockquote>与许多其他科技同行一样，最近的波动让人们关注有前途的故事股票，这些股票由于估值泡沫而在很大程度上被华尔街资深人士忽视。现在，像PATH这样的股票突然以更加合理的估值交易，许多股票都处于明确的可买入区域。</blockquote></p><p> <b>UiPath Stock Earnings</b></p><p><blockquote><b>UiPath股票收益</b></blockquote></p><p> PATH was able to show strong growth in the latest quarter, with annual recurring revenue (‘ARR’) growing at a 58% clip. While this is a deceleration from the 62% average growth rate since the end of 2020, it nonetheless is a very impressive achievement.</p><p><blockquote>PATH在最近一个季度表现出强劲增长，年度经常性收入(“ARR”)增长了58%。虽然这比2020年底以来62%的平均增长率有所放缓，但这仍然是一个非常令人印象深刻的成就。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cf748b8a08bef78bd5e9cfec7a459bea\" tg-width=\"1280\" tg-height=\"612\" width=\"100%\" height=\"auto\"><span>Investor Presentation</span></p><p><blockquote><p class=\"t-img-caption\"><span>投资者介绍</span></p></blockquote></p><p> The company also saw non-GAAP operating margins rise sequentially from 3% to 4%. This is the third consecutive quarter of non-GAAP profitability, and the company expects to complete the year with another profitable quarter.</p><p><blockquote>该公司的非GAAP营业利润率也从上一季度的3%上升至4%。这是连续第三个季度实现非公认会计准则盈利，该公司预计今年将再出现一个盈利季度。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2f7753be5e162ae44762a40cab95551d\" tg-width=\"1280\" tg-height=\"372\" width=\"100%\" height=\"auto\"><span>Investor Presentation</span></p><p><blockquote><p class=\"t-img-caption\"><span>投资者介绍</span></p></blockquote></p><p> While this technically does not constitute “true” profitability, as non-GAAP results ignore the hefty stock-based compensation, the company undoubtedly benefits from its free cash flow positive profile. I expect free cash flow to rise steadily over the coming years as operating leverage takes hold. The 56% projected ARR growth is solid and does not reflect the same deceleration seen at many other tech peers.</p><p><blockquote>虽然从技术上讲，这并不构成“真正的”盈利能力，因为非公认会计准则结果忽略了巨额股票薪酬，但该公司无疑受益于其积极的自由现金流状况。我预计随着运营杠杆的发挥，未来几年自由现金流将稳步上升。预计ARR增长56%是稳健的，并没有反映出许多其他科技同行同样的减速。</blockquote></p><p> <b>Revenue or Annualized Recurring Revenue</b></p><p><blockquote><b>收入或年化经常性收入</b></blockquote></p><p> With PATH, it is worth discussing that the company wants Wall Street to look at ARR instead of revenue. What is the difference? ARR is calculated as taking total subscription revenues, dividing by term length, and multiplying by 365. Revenues, on the other hand, differs in that license revenues are recognized in the first year, since that is technically when the “product” is delivered. We can see below an example of this difference in action.</p><p><blockquote>对于PATH，值得讨论的是，该公司希望华尔街关注ARR而不是收入。有什么区别？ARR的计算方法是将总订阅收入除以期限长度，再乘以365。另一方面，收入的不同之处在于许可收入在第一年确认，因为从技术上讲，这是“产品”交付的时间。我们可以在下面看到这种差异的一个例子。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3c03d3420137a1907d9ada444e7152ca\" tg-width=\"1280\" tg-height=\"552\" width=\"100%\" height=\"auto\"><span>Investor Presentation</span></p><p><blockquote><p class=\"t-img-caption\"><span>投资者介绍</span></p></blockquote></p><p> As we can see above, normal revenue would see growth drop off in subsequent years since all of the associated revenues would have only been recognized in the first year. In ARR, on the other hand, the revenue gets evenly distributed across its term, hence the term “annual recurring revenue.” I expect there to be a substantial discrepancy between revenue growth and ARR growth, which much of Wall Street might be quick to misinterpret as a deterioration in the business (but something that the reader will understand to be irrelevant).</p><p><blockquote>正如我们在上面看到的，正常收入在随后几年的增长会下降，因为所有相关收入仅在第一年确认。另一方面，在ARR中，收入在其期限内平均分配，因此有“年度经常性收入”一词。我预计收入增长和ARR增长之间会存在巨大差异，华尔街的许多人可能会很快将其误解为业务恶化（但读者会认为这是无关紧要的）。</blockquote></p><p> <b>Is PATH Stock A Buy, Sell, or Hold?</b></p><p><blockquote><b>PATH股票是买入、卖出还是持有？</b></blockquote></p><p> Previously in the year, I expressed&nbsp;cautiousness&nbsp;on the name as the valuations remained steep in comparison with the risk profile. Many investors tend to grow pessimistic when stocks fall so aggressively. It is tempting to think that something is wrong in PATH’s business to warrant or even justify the steep declines. Yet that is not the case and we must remember that it is only the valuation of PATH that has been impaired - or improved for the better. PATH is ranked as the clear leader in robotic process automation (‘RPA’).</p><p><blockquote>今年早些时候，我对这个名字表示谨慎，因为与风险状况相比，估值仍然很高。当股市大幅下跌时，许多投资者往往会变得悲观。人们很容易认为PATH的业务存在问题，以证明甚至证明其大幅下滑是合理的。然而，事实并非如此，我们必须记住，只有PATH的价值受到了损害——或者变得更好。PATH被评为机器人过程自动化（“RPA”）领域的明显领导者。</blockquote></p><p></p><p> <img src=\"https://static.tigerbbs.com/e140b7bc2cf79e9eec67ed5f41ad7468\" tg-width=\"1280\" tg-height=\"581\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> I consider RPA to be a strong secular growth story because of humans’ incessant pursuit of efficiency. There are so many human tasks that can be automated and doing so helps improve both accuracy and save costs. As a result, I think Wall Street consensus for around 30% growth over the next few years is reasonable if not potentially conservative.</p><p><blockquote>我认为RPA是一个强劲的长期增长故事，因为人类对效率的不断追求。有如此多的人工任务可以自动化，这样做有助于提高准确性和节省成本。因此，我认为华尔街对未来几年增长30%左右的共识即使不是潜在的保守，也是合理的。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6afd9cd69cb3b89bc1823e04a93542a8\" tg-width=\"1280\" tg-height=\"333\" width=\"100%\" height=\"auto\"><span>Seeking Alpha</span></p><p><blockquote><p class=\"t-img-caption\"><span>寻求阿尔法</span></p></blockquote></p><p> PATH is the kind of stock that I could see trading at a 2x price to earnings growth ratio (‘PEG’) due to the attractive secular growth tailwinds discussed above. Assuming 40% long term net margins, PATH is currently trading at a 1.5x PEG ratio, which may allow for some multiple expansion in addition to robust growth rates. I note that PATH has $1.8 billion in net cash, which is somewhat significant considering the $21.7 billion market cap. The company’s free cash flow positive profile may enable a share repurchase program, although I find it unlikely considering the slim 5% FCF margin. One key risk is that PATH is not as cheap as other high quality peers and thus may be ever-vulnerable to further downside. Another important risk is the potential for the company to not achieve my expected profit margins. However, PATH can be considered lower risk than cash guzzling peers, making it easier to buy the stock at these multiples. I rate shares a buy with moderate 25% to 30% upside - I expect that shareholders can achieve returns resembling underlying growth but while maintaining the current PEG ratio.</p><p><blockquote>由于上面讨论的有吸引力的长期增长推动力，我可以看到PATH是那种以2倍市盈率(“PEG”)交易的股票。假设长期净利润率为40%，PATH目前的PEG比率为1.5倍，除了强劲的增长率之外，这可能还允许一些倍数扩张。我注意到PATH拥有18亿美元的净现金，考虑到217亿美元的市值，这有点重要。该公司积极的自由现金流状况可能会支持股票回购计划，尽管考虑到5%的自由现金流利润率微薄，我认为这不太可能。一个关键风险是PATH不像其他高质量同行那么便宜，因此可能很容易受到进一步下跌的影响。另一个重要的风险是公司可能无法达到我预期的利润率。然而，PATH可以被认为比消耗现金的同行风险更低，因此更容易以这些市盈率购买股票。我将股票评级为买入，有25%至30%的适度上涨空间——我预计股东可以在保持当前PEG比率的同时实现类似于潜在增长的回报。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>UiPath: Time To Buy The Automation Company<blockquote>UiPath：是时候收购这家自动化公司了</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUiPath: Time To Buy The Automation Company<blockquote>UiPath：是时候收购这家自动化公司了</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Seeking Alpha</strong><span class=\"h-time small\">2021-12-21 16:09</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>UiPath is the leader in robotic process automation, which is a promising market with strong growth tailwinds.</li>  <li>The company grew ARR at a 58% clip in the latest quarter.</li>  <li>Guidance for the next quarter was robust, but underappreciated due to the stock having traded much higher earlier.</li>  <li>I rate shares a buy as one of the more attractive growth stories today.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/22e8aa8ed08d7e93bcccc31e839fe813\" tg-width=\"1536\" tg-height=\"864\" width=\"100%\" height=\"auto\"><span>Anawat_s/iStock via Getty Images</span></p><p><blockquote><ul><li>UiPath是机器人过程自动化领域的领导者，这是一个前景广阔、增长强劲的市场。</li><li>该公司最近一个季度的ARR增长了58%。</li><li>下一季度的指引强劲，但由于该股早些时候的交易价格高得多，因此被低估。</li><li>我将股票评级为买入，作为当今最具吸引力的增长故事之一。</li></ul><p class=\"t-img-caption\"><span>Anawat_s/iStock来自Getty Images</span></p></blockquote></p><p> UiPath (PATH) is one of those “Cathie Wood” stocks (it makes up&nbsp;3.5% of all Ark funds) that have seen their valuations stripped quickly over the past few months. PATH is now trading below its IPO price in spite of having materially grown its underlying business over that time period. I have previously expressed cautiousness based on valuation, but my concerns have subsided amidst the tech volatility. I rate shares a buy based on the attractiveness of the underlying growth story and reasonable valuation.</p><p><blockquote>UiPath(PATH)是过去几个月估值迅速下降的“Cathie Wood”股票之一（占所有Ark基金的3.5%）。尽管PATH的基础业务在此期间大幅增长，但目前的交易价格仍低于IPO价格。我此前曾基于估值表达过谨慎态度，但在科技股波动中，我的担忧已经消退。我根据潜在增长故事的吸引力和合理的估值将股票评级为买入。</blockquote></p><p> <b>PATH Stock Price</b></p><p><blockquote><b>路径股价</b></blockquote></p><p> After pricing its initial offering at $56 per share and closing that day 23% higher, PATH peaked then headed on a straight downward trajectory to its current $41 price, which is notably below the IPO price.</p><p><blockquote>在将首次公开募股定价为每股56美元并当天收盘上涨23%后，PATH见顶，然后直线下跌至目前的41美元，明显低于IPO价格。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/df4cbd9ca8798d0f4c199af611cced2a\" tg-width=\"635\" tg-height=\"417\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Like many other tech peers, the recent volatility has shined a spotlight on the promising story stocks which were largely ignored by Wall Street veterans due to their bubbly valuations. Now, those stocks, like PATH, suddenly are trading at much more reasonable valuations, with many in clear buyable territory.</p><p><blockquote>与许多其他科技同行一样，最近的波动让人们关注有前途的故事股票，这些股票由于估值泡沫而在很大程度上被华尔街资深人士忽视。现在，像PATH这样的股票突然以更加合理的估值交易，许多股票都处于明确的可买入区域。</blockquote></p><p> <b>UiPath Stock Earnings</b></p><p><blockquote><b>UiPath股票收益</b></blockquote></p><p> PATH was able to show strong growth in the latest quarter, with annual recurring revenue (‘ARR’) growing at a 58% clip. While this is a deceleration from the 62% average growth rate since the end of 2020, it nonetheless is a very impressive achievement.</p><p><blockquote>PATH在最近一个季度表现出强劲增长，年度经常性收入(“ARR”)增长了58%。虽然这比2020年底以来62%的平均增长率有所放缓，但这仍然是一个非常令人印象深刻的成就。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cf748b8a08bef78bd5e9cfec7a459bea\" tg-width=\"1280\" tg-height=\"612\" width=\"100%\" height=\"auto\"><span>Investor Presentation</span></p><p><blockquote><p class=\"t-img-caption\"><span>投资者介绍</span></p></blockquote></p><p> The company also saw non-GAAP operating margins rise sequentially from 3% to 4%. This is the third consecutive quarter of non-GAAP profitability, and the company expects to complete the year with another profitable quarter.</p><p><blockquote>该公司的非GAAP营业利润率也从上一季度的3%上升至4%。这是连续第三个季度实现非公认会计准则盈利，该公司预计今年将再出现一个盈利季度。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2f7753be5e162ae44762a40cab95551d\" tg-width=\"1280\" tg-height=\"372\" width=\"100%\" height=\"auto\"><span>Investor Presentation</span></p><p><blockquote><p class=\"t-img-caption\"><span>投资者介绍</span></p></blockquote></p><p> While this technically does not constitute “true” profitability, as non-GAAP results ignore the hefty stock-based compensation, the company undoubtedly benefits from its free cash flow positive profile. I expect free cash flow to rise steadily over the coming years as operating leverage takes hold. The 56% projected ARR growth is solid and does not reflect the same deceleration seen at many other tech peers.</p><p><blockquote>虽然从技术上讲，这并不构成“真正的”盈利能力，因为非公认会计准则结果忽略了巨额股票薪酬，但该公司无疑受益于其积极的自由现金流状况。我预计随着运营杠杆的发挥，未来几年自由现金流将稳步上升。预计ARR增长56%是稳健的，并没有反映出许多其他科技同行同样的减速。</blockquote></p><p> <b>Revenue or Annualized Recurring Revenue</b></p><p><blockquote><b>收入或年化经常性收入</b></blockquote></p><p> With PATH, it is worth discussing that the company wants Wall Street to look at ARR instead of revenue. What is the difference? ARR is calculated as taking total subscription revenues, dividing by term length, and multiplying by 365. Revenues, on the other hand, differs in that license revenues are recognized in the first year, since that is technically when the “product” is delivered. We can see below an example of this difference in action.</p><p><blockquote>对于PATH，值得讨论的是，该公司希望华尔街关注ARR而不是收入。有什么区别？ARR的计算方法是将总订阅收入除以期限长度，再乘以365。另一方面，收入的不同之处在于许可收入在第一年确认，因为从技术上讲，这是“产品”交付的时间。我们可以在下面看到这种差异的一个例子。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3c03d3420137a1907d9ada444e7152ca\" tg-width=\"1280\" tg-height=\"552\" width=\"100%\" height=\"auto\"><span>Investor Presentation</span></p><p><blockquote><p class=\"t-img-caption\"><span>投资者介绍</span></p></blockquote></p><p> As we can see above, normal revenue would see growth drop off in subsequent years since all of the associated revenues would have only been recognized in the first year. In ARR, on the other hand, the revenue gets evenly distributed across its term, hence the term “annual recurring revenue.” I expect there to be a substantial discrepancy between revenue growth and ARR growth, which much of Wall Street might be quick to misinterpret as a deterioration in the business (but something that the reader will understand to be irrelevant).</p><p><blockquote>正如我们在上面看到的，正常收入在随后几年的增长会下降，因为所有相关收入仅在第一年确认。另一方面，在ARR中，收入在其期限内平均分配，因此有“年度经常性收入”一词。我预计收入增长和ARR增长之间会存在巨大差异，华尔街的许多人可能会很快将其误解为业务恶化（但读者会认为这是无关紧要的）。</blockquote></p><p> <b>Is PATH Stock A Buy, Sell, or Hold?</b></p><p><blockquote><b>PATH股票是买入、卖出还是持有？</b></blockquote></p><p> Previously in the year, I expressed&nbsp;cautiousness&nbsp;on the name as the valuations remained steep in comparison with the risk profile. Many investors tend to grow pessimistic when stocks fall so aggressively. It is tempting to think that something is wrong in PATH’s business to warrant or even justify the steep declines. Yet that is not the case and we must remember that it is only the valuation of PATH that has been impaired - or improved for the better. PATH is ranked as the clear leader in robotic process automation (‘RPA’).</p><p><blockquote>今年早些时候，我对这个名字表示谨慎，因为与风险状况相比，估值仍然很高。当股市大幅下跌时，许多投资者往往会变得悲观。人们很容易认为PATH的业务存在问题，以证明甚至证明其大幅下滑是合理的。然而，事实并非如此，我们必须记住，只有PATH的价值受到了损害——或者变得更好。PATH被评为机器人过程自动化（“RPA”）领域的明显领导者。</blockquote></p><p></p><p> <img src=\"https://static.tigerbbs.com/e140b7bc2cf79e9eec67ed5f41ad7468\" tg-width=\"1280\" tg-height=\"581\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> I consider RPA to be a strong secular growth story because of humans’ incessant pursuit of efficiency. There are so many human tasks that can be automated and doing so helps improve both accuracy and save costs. As a result, I think Wall Street consensus for around 30% growth over the next few years is reasonable if not potentially conservative.</p><p><blockquote>我认为RPA是一个强劲的长期增长故事，因为人类对效率的不断追求。有如此多的人工任务可以自动化，这样做有助于提高准确性和节省成本。因此，我认为华尔街对未来几年增长30%左右的共识即使不是潜在的保守，也是合理的。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6afd9cd69cb3b89bc1823e04a93542a8\" tg-width=\"1280\" tg-height=\"333\" width=\"100%\" height=\"auto\"><span>Seeking Alpha</span></p><p><blockquote><p class=\"t-img-caption\"><span>寻求阿尔法</span></p></blockquote></p><p> PATH is the kind of stock that I could see trading at a 2x price to earnings growth ratio (‘PEG’) due to the attractive secular growth tailwinds discussed above. Assuming 40% long term net margins, PATH is currently trading at a 1.5x PEG ratio, which may allow for some multiple expansion in addition to robust growth rates. I note that PATH has $1.8 billion in net cash, which is somewhat significant considering the $21.7 billion market cap. The company’s free cash flow positive profile may enable a share repurchase program, although I find it unlikely considering the slim 5% FCF margin. One key risk is that PATH is not as cheap as other high quality peers and thus may be ever-vulnerable to further downside. Another important risk is the potential for the company to not achieve my expected profit margins. However, PATH can be considered lower risk than cash guzzling peers, making it easier to buy the stock at these multiples. I rate shares a buy with moderate 25% to 30% upside - I expect that shareholders can achieve returns resembling underlying growth but while maintaining the current PEG ratio.</p><p><blockquote>由于上面讨论的有吸引力的长期增长推动力，我可以看到PATH是那种以2倍市盈率(“PEG”)交易的股票。假设长期净利润率为40%，PATH目前的PEG比率为1.5倍，除了强劲的增长率之外，这可能还允许一些倍数扩张。我注意到PATH拥有18亿美元的净现金，考虑到217亿美元的市值，这有点重要。该公司积极的自由现金流状况可能会支持股票回购计划，尽管考虑到5%的自由现金流利润率微薄，我认为这不太可能。一个关键风险是PATH不像其他高质量同行那么便宜，因此可能很容易受到进一步下跌的影响。另一个重要的风险是公司可能无法达到我预期的利润率。然而，PATH可以被认为比消耗现金的同行风险更低，因此更容易以这些市盈率购买股票。我将股票评级为买入，有25%至30%的适度上涨空间——我预计股东可以在保持当前PEG比率的同时实现类似于潜在增长的回报。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4476061-uipath-time-to-buy-the-automation-company\">Seeking Alpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PATH":"UiPath"},"source_url":"https://seekingalpha.com/article/4476061-uipath-time-to-buy-the-automation-company","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1187118079","content_text":"Summary\n\nUiPath is the leader in robotic process automation, which is a promising market with strong growth tailwinds.\nThe company grew ARR at a 58% clip in the latest quarter.\nGuidance for the next quarter was robust, but underappreciated due to the stock having traded much higher earlier.\nI rate shares a buy as one of the more attractive growth stories today.\n\nAnawat_s/iStock via Getty Images\nUiPath (PATH) is one of those “Cathie Wood” stocks (it makes up 3.5% of all Ark funds) that have seen their valuations stripped quickly over the past few months. PATH is now trading below its IPO price in spite of having materially grown its underlying business over that time period. I have previously expressed cautiousness based on valuation, but my concerns have subsided amidst the tech volatility. I rate shares a buy based on the attractiveness of the underlying growth story and reasonable valuation.\nPATH Stock Price\nAfter pricing its initial offering at $56 per share and closing that day 23% higher, PATH peaked then headed on a straight downward trajectory to its current $41 price, which is notably below the IPO price.\n\nLike many other tech peers, the recent volatility has shined a spotlight on the promising story stocks which were largely ignored by Wall Street veterans due to their bubbly valuations. Now, those stocks, like PATH, suddenly are trading at much more reasonable valuations, with many in clear buyable territory.\nUiPath Stock Earnings\nPATH was able to show strong growth in the latest quarter, with annual recurring revenue (‘ARR’) growing at a 58% clip. While this is a deceleration from the 62% average growth rate since the end of 2020, it nonetheless is a very impressive achievement.\nInvestor Presentation\nThe company also saw non-GAAP operating margins rise sequentially from 3% to 4%. This is the third consecutive quarter of non-GAAP profitability, and the company expects to complete the year with another profitable quarter.\nInvestor Presentation\nWhile this technically does not constitute “true” profitability, as non-GAAP results ignore the hefty stock-based compensation, the company undoubtedly benefits from its free cash flow positive profile. I expect free cash flow to rise steadily over the coming years as operating leverage takes hold. The 56% projected ARR growth is solid and does not reflect the same deceleration seen at many other tech peers.\nRevenue or Annualized Recurring Revenue\nWith PATH, it is worth discussing that the company wants Wall Street to look at ARR instead of revenue. What is the difference? ARR is calculated as taking total subscription revenues, dividing by term length, and multiplying by 365. Revenues, on the other hand, differs in that license revenues are recognized in the first year, since that is technically when the “product” is delivered. We can see below an example of this difference in action.\nInvestor Presentation\nAs we can see above, normal revenue would see growth drop off in subsequent years since all of the associated revenues would have only been recognized in the first year. In ARR, on the other hand, the revenue gets evenly distributed across its term, hence the term “annual recurring revenue.” I expect there to be a substantial discrepancy between revenue growth and ARR growth, which much of Wall Street might be quick to misinterpret as a deterioration in the business (but something that the reader will understand to be irrelevant).\nIs PATH Stock A Buy, Sell, or Hold?\nPreviously in the year, I expressed cautiousness on the name as the valuations remained steep in comparison with the risk profile. Many investors tend to grow pessimistic when stocks fall so aggressively. It is tempting to think that something is wrong in PATH’s business to warrant or even justify the steep declines. Yet that is not the case and we must remember that it is only the valuation of PATH that has been impaired - or improved for the better. PATH is ranked as the clear leader in robotic process automation (‘RPA’).\n\nI consider RPA to be a strong secular growth story because of humans’ incessant pursuit of efficiency. There are so many human tasks that can be automated and doing so helps improve both accuracy and save costs. As a result, I think Wall Street consensus for around 30% growth over the next few years is reasonable if not potentially conservative.\nSeeking Alpha\nPATH is the kind of stock that I could see trading at a 2x price to earnings growth ratio (‘PEG’) due to the attractive secular growth tailwinds discussed above. Assuming 40% long term net margins, PATH is currently trading at a 1.5x PEG ratio, which may allow for some multiple expansion in addition to robust growth rates. I note that PATH has $1.8 billion in net cash, which is somewhat significant considering the $21.7 billion market cap. The company’s free cash flow positive profile may enable a share repurchase program, although I find it unlikely considering the slim 5% FCF margin. One key risk is that PATH is not as cheap as other high quality peers and thus may be ever-vulnerable to further downside. Another important risk is the potential for the company to not achieve my expected profit margins. However, PATH can be considered lower risk than cash guzzling peers, making it easier to buy the stock at these multiples. I rate shares a buy with moderate 25% to 30% upside - I expect that shareholders can achieve returns resembling underlying growth but while maintaining the current PEG ratio.","news_type":1,"symbols_score_info":{"PATH":0.9}},"isVote":1,"tweetType":1,"viewCount":3602,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":691069566,"gmtCreate":1640098805572,"gmtModify":1640098805795,"author":{"id":"3573383537150312","authorId":"3573383537150312","name":"th0mastan","avatar":"https://static.tigerbbs.com/84d76bcdad50787fa2929139725c46f0","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573383537150312","idStr":"3573383537150312"},"themes":[],"htmlText":"All the money has been out there, eventuallyit will have to go somewhere. This is the key reason why properties, cryptos are going higher and higher.&nbsp;","listText":"All the money has been out there, eventuallyit will have to go somewhere. This is the key reason why properties, cryptos are going higher and higher.&nbsp;","text":"All the money has been out there, eventuallyit will have to go somewhere. This is the key reason why properties, cryptos are going higher and higher.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/691069566","repostId":"1109474932","repostType":4,"repost":{"id":"1109474932","kind":"news","pubTimestamp":1640089479,"share":"https://www.laohu8.com/m/news/1109474932?lang=zh_CN&edition=full","pubTime":"2021-12-21 20:24","market":"us","language":"en","title":"What happens next with the Fed's $9 trillion balance sheet?<blockquote>美联储9万亿美元的资产负债表接下来会发生什么？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1109474932","media":"finance.yahoo","summary":"Since the pandemic began, the nation’s central bank has aggressively printed trillions of dollars to","content":"<p>Since the pandemic began, the nation’s central bank has aggressively printed trillions of dollars to keep the U.S. economy afloat. Doing so has ballooned the Federal Reserve’s balance sheet to nearly $9 trillion.</p><p><blockquote>自疫情开始以来，美国央行已经大举印制了数万亿美元，以维持美国经济的运转。这样做使美联储的资产负债表膨胀到近9万亿美元。</blockquote></p><p> Fed officials, acknowledging the rising risks posed by inflationary pressures, are now starting to think about whether or not they can move to&nbsp;<i>shrink</i>&nbsp;the central bank’s holdings next year.</p><p><blockquote>美联储官员承认通胀压力带来的风险上升，现在开始考虑是否可以转向<i>收缩</i>明年央行持有量。</blockquote></p><p> “I have no idea what a normal balance sheet looks like anymore,” said Federal Reserve Governor Christopher Waller on Dec. 17.</p><p><blockquote>美联储理事克里斯托弗·沃勒(Christopher Waller)12月17日表示：“我不再知道正常的资产负债表是什么样子了。”</blockquote></p><p> Since the depths of the pandemic, the Fed has been buying U.S. Treasuries and agency mortgage-backed securities in the open market. Those purchases, in a process often referred to as “quantitative easing,” serve as a signal to markets that the Fed is serious about its intention to keep financing conditions loose.</p><p><blockquote>自疫情最严重时期以来，美联储一直在公开市场上购买美国国债和机构抵押贷款支持证券。这些购买过程通常被称为“量化宽松”，向市场发出信号，表明美联储认真对待其保持宽松融资条件的意图。</blockquote></p><p> In November, the Fed&nbsp;kicked off the process in slowing the pace of those purchases, which it had been running at a clip of about $120 billion per month. After a print on inflation showing the&nbsp;fastest pace of price increases since 1982, the Fed moved on Dec. 15 to&nbsp;more quickly draw down its purchases.</p><p><blockquote>去年11月，美联储开始放慢购买步伐，此前美联储的购买速度一直为每月约1200亿美元。在通胀数据显示物价上涨速度为1982年以来最快后，美联储于12月15日采取行动，更快地减少了购买。</blockquote></p><p> When the Fed brings the quantitative easing program to a full stop around March, policymakers will then turn their eyes to raising interest rates (from the current setting of near zero) — and perhaps an unwinding of its balance sheet. The Fed signaled the likelihood of three interest rate hikes next year, a&nbsp;more aggressive path than Fed watchers had originally expected.</p><p><blockquote>当美联储在3月份左右完全停止量化宽松计划时，政策制定者将把目光转向加息（从目前接近零的水平）——或许还会缩减资产负债表。美联储暗示明年可能加息三次，这一路径比美联储观察人士最初预期的更为激进。</blockquote></p><p> “In light of this slightly earlier timing of hikes and Powell’s comment that differences with the economic situation last cycle could influence thinking about balance sheet policy,” wrote Goldman Sachs Economics in a note.</p><p><blockquote>高盛经济在一份报告中写道：“鉴于加息时间略早，以及鲍威尔关于与上一周期经济形势的差异可能会影响对资产负债表政策的思考。”</blockquote></p><p> Wall Street analysts are pulling forward their expectations for when the Fed would start “quantitative tightening,” the process of shrinking the balance sheet by allowing maturing securities to “roll&nbsp;off” (as opposed to reinvest in new securities).</p><p><blockquote>华尔街分析师正在提高他们对美联储何时开始“量化紧缩”的预期，即通过允许到期证券“滚降”（而不是再投资于新证券）来缩减资产负债表的过程。</blockquote></p><p> Deutsche Bank, which originally expected the Fed to start the balance sheet unwind in the third quarter of 2023, now expects that process to begin in the “back half of next year.” Goldman Sachs had originally forecast a start date in the first half of 2023, but now expects quantitative tightening to begin in the fourth quarter of next year.</p><p><blockquote>德意志银行原本预计美联储将在2023年第三季度开始缩表，现在预计这一过程将在“明年下半年”开始。高盛最初预测开始日期为2023年上半年，但现在预计量化紧缩将于明年第四季度开始。</blockquote></p><p> <b>What has the Fed said?</b></p><p><blockquote><b>美联储说了什么？</b></blockquote></p><p> Fed Chairman Jerome Powell punted on the question of balance sheet strategies when he was asked about it following the Fed’s most recent policy-setting meeting.</p><p><blockquote>美联储主席杰罗姆·鲍威尔在美联储最近一次政策制定会议后被问及资产负债表策略问题时，谈到了这个问题。</blockquote></p><p> “Didn’t make any decisions today,” said Powell on Dec. 15, adding that the Fed will deliberate on the timing of any balance sheet runoff in coming meetings.</p><p><blockquote>鲍威尔在12月15日表示：“今天没有做出任何决定。”他补充说，美联储将在未来的会议上审议任何资产负债表决胜的时间。</blockquote></p><p> But Powell’s colleagues are beginning to speak openly about exactly how they’d like to see the balance sheet handled.</p><p><blockquote>但鲍威尔的同事们开始公开谈论他们希望如何处理资产负债表。</blockquote></p><p> “I think we could start reducing the balance sheet not too long after liftoff,” Waller said at an event on Dec. 17, referring to the “lifting off” from near-zero interest rates. Markets are bracing for the possibility of that first interest rate hike to happen as early as March.</p><p><blockquote>沃勒在12月17日的一次活动中表示：“我认为我们可以在起飞后不久开始缩减资产负债表。”他指的是从接近零的利率“起飞”。市场正在为最早在三月份首次加息的可能性做好准备。</blockquote></p><p> Waller added that he would like to see the Fed balance sheet, which is about 35% of total U.S. GDP, reduced to “something like 20%,” which would be roughly $6 trillion.</p><p><blockquote>沃勒补充说，他希望看到约占美国GDP总量35%的美联储资产负债表减少到“20%左右”，即约6万亿美元。</blockquote></p><p> The Fed has only attempted to reduce the size of its balance sheet once in the modern era of quantitative easing. After almost three years of holding the balance sheet at roughly $4.5 trillion, the Fed moved in late 2017 to begin unwinding its asset holdings.</p><p><blockquote>在现代量化宽松时代，美联储只尝试过一次缩减资产负债表规模。在将资产负债表维持在约4.5万亿美元近三年后，美联储于2017年底开始减持资产。</blockquote></p><p> That process abruptly&nbsp;ended in 2019, in the face of economic downside risks associated with the U.S.-China trade war. The COVID-19 pandemic only a few months later would push the Fed back into again expanding its balance sheet.</p><p><blockquote>面对与中美贸易战相关的经济下行风险，这一进程在2019年突然结束。仅仅几个月后，COVID-19大流行将推动美联储再次扩大资产负债表。</blockquote></p><p> The Fed appears to be in the early stages of thinking about how it might be able to pull it off next year, suggesting it may not wait as long as it did last time.</p><p><blockquote>美联储似乎正处于考虑明年如何实现这一目标的早期阶段，这表明它可能不会像上次那样等待那么久。</blockquote></p><p> But the Fed is also aware that it does not want to surprise markets.</p><p><blockquote>但美联储也意识到，它不想让市场感到意外。</blockquote></p><p> “In dealing with balance sheet issues, we've learned that it's best to take a careful sort of methodical approach to make adjustments. Markets can be sensitive to it,” Powell said on Dec. 15.</p><p><blockquote>鲍威尔12月15日表示：“在处理资产负债表问题时，我们了解到最好采取谨慎、有条不紊的方法进行调整。市场可能对此很敏感。”</blockquote></p><p></p>","source":"lsy1612507957220","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>What happens next with the Fed's $9 trillion balance sheet?<blockquote>美联储9万亿美元的资产负债表接下来会发生什么？</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhat happens next with the Fed's $9 trillion balance sheet?<blockquote>美联储9万亿美元的资产负债表接下来会发生什么？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">finance.yahoo</strong><span class=\"h-time small\">2021-12-21 20:24</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Since the pandemic began, the nation’s central bank has aggressively printed trillions of dollars to keep the U.S. economy afloat. Doing so has ballooned the Federal Reserve’s balance sheet to nearly $9 trillion.</p><p><blockquote>自疫情开始以来，美国央行已经大举印制了数万亿美元，以维持美国经济的运转。这样做使美联储的资产负债表膨胀到近9万亿美元。</blockquote></p><p> Fed officials, acknowledging the rising risks posed by inflationary pressures, are now starting to think about whether or not they can move to&nbsp;<i>shrink</i>&nbsp;the central bank’s holdings next year.</p><p><blockquote>美联储官员承认通胀压力带来的风险上升，现在开始考虑是否可以转向<i>收缩</i>明年央行持有量。</blockquote></p><p> “I have no idea what a normal balance sheet looks like anymore,” said Federal Reserve Governor Christopher Waller on Dec. 17.</p><p><blockquote>美联储理事克里斯托弗·沃勒(Christopher Waller)12月17日表示：“我不再知道正常的资产负债表是什么样子了。”</blockquote></p><p> Since the depths of the pandemic, the Fed has been buying U.S. Treasuries and agency mortgage-backed securities in the open market. Those purchases, in a process often referred to as “quantitative easing,” serve as a signal to markets that the Fed is serious about its intention to keep financing conditions loose.</p><p><blockquote>自疫情最严重时期以来，美联储一直在公开市场上购买美国国债和机构抵押贷款支持证券。这些购买过程通常被称为“量化宽松”，向市场发出信号，表明美联储认真对待其保持宽松融资条件的意图。</blockquote></p><p> In November, the Fed&nbsp;kicked off the process in slowing the pace of those purchases, which it had been running at a clip of about $120 billion per month. After a print on inflation showing the&nbsp;fastest pace of price increases since 1982, the Fed moved on Dec. 15 to&nbsp;more quickly draw down its purchases.</p><p><blockquote>去年11月，美联储开始放慢购买步伐，此前美联储的购买速度一直为每月约1200亿美元。在通胀数据显示物价上涨速度为1982年以来最快后，美联储于12月15日采取行动，更快地减少了购买。</blockquote></p><p> When the Fed brings the quantitative easing program to a full stop around March, policymakers will then turn their eyes to raising interest rates (from the current setting of near zero) — and perhaps an unwinding of its balance sheet. The Fed signaled the likelihood of three interest rate hikes next year, a&nbsp;more aggressive path than Fed watchers had originally expected.</p><p><blockquote>当美联储在3月份左右完全停止量化宽松计划时，政策制定者将把目光转向加息（从目前接近零的水平）——或许还会缩减资产负债表。美联储暗示明年可能加息三次，这一路径比美联储观察人士最初预期的更为激进。</blockquote></p><p> “In light of this slightly earlier timing of hikes and Powell’s comment that differences with the economic situation last cycle could influence thinking about balance sheet policy,” wrote Goldman Sachs Economics in a note.</p><p><blockquote>高盛经济在一份报告中写道：“鉴于加息时间略早，以及鲍威尔关于与上一周期经济形势的差异可能会影响对资产负债表政策的思考。”</blockquote></p><p> Wall Street analysts are pulling forward their expectations for when the Fed would start “quantitative tightening,” the process of shrinking the balance sheet by allowing maturing securities to “roll&nbsp;off” (as opposed to reinvest in new securities).</p><p><blockquote>华尔街分析师正在提高他们对美联储何时开始“量化紧缩”的预期，即通过允许到期证券“滚降”（而不是再投资于新证券）来缩减资产负债表的过程。</blockquote></p><p> Deutsche Bank, which originally expected the Fed to start the balance sheet unwind in the third quarter of 2023, now expects that process to begin in the “back half of next year.” Goldman Sachs had originally forecast a start date in the first half of 2023, but now expects quantitative tightening to begin in the fourth quarter of next year.</p><p><blockquote>德意志银行原本预计美联储将在2023年第三季度开始缩表，现在预计这一过程将在“明年下半年”开始。高盛最初预测开始日期为2023年上半年，但现在预计量化紧缩将于明年第四季度开始。</blockquote></p><p> <b>What has the Fed said?</b></p><p><blockquote><b>美联储说了什么？</b></blockquote></p><p> Fed Chairman Jerome Powell punted on the question of balance sheet strategies when he was asked about it following the Fed’s most recent policy-setting meeting.</p><p><blockquote>美联储主席杰罗姆·鲍威尔在美联储最近一次政策制定会议后被问及资产负债表策略问题时，谈到了这个问题。</blockquote></p><p> “Didn’t make any decisions today,” said Powell on Dec. 15, adding that the Fed will deliberate on the timing of any balance sheet runoff in coming meetings.</p><p><blockquote>鲍威尔在12月15日表示：“今天没有做出任何决定。”他补充说，美联储将在未来的会议上审议任何资产负债表决胜的时间。</blockquote></p><p> But Powell’s colleagues are beginning to speak openly about exactly how they’d like to see the balance sheet handled.</p><p><blockquote>但鲍威尔的同事们开始公开谈论他们希望如何处理资产负债表。</blockquote></p><p> “I think we could start reducing the balance sheet not too long after liftoff,” Waller said at an event on Dec. 17, referring to the “lifting off” from near-zero interest rates. Markets are bracing for the possibility of that first interest rate hike to happen as early as March.</p><p><blockquote>沃勒在12月17日的一次活动中表示：“我认为我们可以在起飞后不久开始缩减资产负债表。”他指的是从接近零的利率“起飞”。市场正在为最早在三月份首次加息的可能性做好准备。</blockquote></p><p> Waller added that he would like to see the Fed balance sheet, which is about 35% of total U.S. GDP, reduced to “something like 20%,” which would be roughly $6 trillion.</p><p><blockquote>沃勒补充说，他希望看到约占美国GDP总量35%的美联储资产负债表减少到“20%左右”，即约6万亿美元。</blockquote></p><p> The Fed has only attempted to reduce the size of its balance sheet once in the modern era of quantitative easing. After almost three years of holding the balance sheet at roughly $4.5 trillion, the Fed moved in late 2017 to begin unwinding its asset holdings.</p><p><blockquote>在现代量化宽松时代，美联储只尝试过一次缩减资产负债表规模。在将资产负债表维持在约4.5万亿美元近三年后，美联储于2017年底开始减持资产。</blockquote></p><p> That process abruptly&nbsp;ended in 2019, in the face of economic downside risks associated with the U.S.-China trade war. The COVID-19 pandemic only a few months later would push the Fed back into again expanding its balance sheet.</p><p><blockquote>面对与中美贸易战相关的经济下行风险，这一进程在2019年突然结束。仅仅几个月后，COVID-19大流行将推动美联储再次扩大资产负债表。</blockquote></p><p> The Fed appears to be in the early stages of thinking about how it might be able to pull it off next year, suggesting it may not wait as long as it did last time.</p><p><blockquote>美联储似乎正处于考虑明年如何实现这一目标的早期阶段，这表明它可能不会像上次那样等待那么久。</blockquote></p><p> But the Fed is also aware that it does not want to surprise markets.</p><p><blockquote>但美联储也意识到，它不想让市场感到意外。</blockquote></p><p> “In dealing with balance sheet issues, we've learned that it's best to take a careful sort of methodical approach to make adjustments. Markets can be sensitive to it,” Powell said on Dec. 15.</p><p><blockquote>鲍威尔12月15日表示：“在处理资产负债表问题时，我们了解到最好采取谨慎、有条不紊的方法进行调整。市场可能对此很敏感。”</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://finance.yahoo.com/news/quantitative-tightening-federal-reserve-9-trillion-balance-sheet-113743366.html\">finance.yahoo</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"https://finance.yahoo.com/news/quantitative-tightening-federal-reserve-9-trillion-balance-sheet-113743366.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1109474932","content_text":"Since the pandemic began, the nation’s central bank has aggressively printed trillions of dollars to keep the U.S. economy afloat. Doing so has ballooned the Federal Reserve’s balance sheet to nearly $9 trillion.\nFed officials, acknowledging the rising risks posed by inflationary pressures, are now starting to think about whether or not they can move to shrink the central bank’s holdings next year.\n“I have no idea what a normal balance sheet looks like anymore,” said Federal Reserve Governor Christopher Waller on Dec. 17.\nSince the depths of the pandemic, the Fed has been buying U.S. Treasuries and agency mortgage-backed securities in the open market. Those purchases, in a process often referred to as “quantitative easing,” serve as a signal to markets that the Fed is serious about its intention to keep financing conditions loose.\nIn November, the Fed kicked off the process in slowing the pace of those purchases, which it had been running at a clip of about $120 billion per month. After a print on inflation showing the fastest pace of price increases since 1982, the Fed moved on Dec. 15 to more quickly draw down its purchases.\nWhen the Fed brings the quantitative easing program to a full stop around March, policymakers will then turn their eyes to raising interest rates (from the current setting of near zero) — and perhaps an unwinding of its balance sheet. The Fed signaled the likelihood of three interest rate hikes next year, a more aggressive path than Fed watchers had originally expected.\n“In light of this slightly earlier timing of hikes and Powell’s comment that differences with the economic situation last cycle could influence thinking about balance sheet policy,” wrote Goldman Sachs Economics in a note.\nWall Street analysts are pulling forward their expectations for when the Fed would start “quantitative tightening,” the process of shrinking the balance sheet by allowing maturing securities to “roll off” (as opposed to reinvest in new securities).\nDeutsche Bank, which originally expected the Fed to start the balance sheet unwind in the third quarter of 2023, now expects that process to begin in the “back half of next year.” Goldman Sachs had originally forecast a start date in the first half of 2023, but now expects quantitative tightening to begin in the fourth quarter of next year.\nWhat has the Fed said?\nFed Chairman Jerome Powell punted on the question of balance sheet strategies when he was asked about it following the Fed’s most recent policy-setting meeting.\n“Didn’t make any decisions today,” said Powell on Dec. 15, adding that the Fed will deliberate on the timing of any balance sheet runoff in coming meetings.\nBut Powell’s colleagues are beginning to speak openly about exactly how they’d like to see the balance sheet handled.\n“I think we could start reducing the balance sheet not too long after liftoff,” Waller said at an event on Dec. 17, referring to the “lifting off” from near-zero interest rates. Markets are bracing for the possibility of that first interest rate hike to happen as early as March.\nWaller added that he would like to see the Fed balance sheet, which is about 35% of total U.S. GDP, reduced to “something like 20%,” which would be roughly $6 trillion.\nThe Fed has only attempted to reduce the size of its balance sheet once in the modern era of quantitative easing. After almost three years of holding the balance sheet at roughly $4.5 trillion, the Fed moved in late 2017 to begin unwinding its asset holdings.\nThat process abruptly ended in 2019, in the face of economic downside risks associated with the U.S.-China trade war. The COVID-19 pandemic only a few months later would push the Fed back into again expanding its balance sheet.\nThe Fed appears to be in the early stages of thinking about how it might be able to pull it off next year, suggesting it may not wait as long as it did last time.\nBut the Fed is also aware that it does not want to surprise markets.\n“In dealing with balance sheet issues, we've learned that it's best to take a careful sort of methodical approach to make adjustments. Markets can be sensitive to it,” Powell said on Dec. 15.","news_type":1,"symbols_score_info":{".SPX":0.9,".IXIC":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":3667,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":693992017,"gmtCreate":1639958264946,"gmtModify":1639958265206,"author":{"id":"3573383537150312","authorId":"3573383537150312","name":"th0mastan","avatar":"https://static.tigerbbs.com/84d76bcdad50787fa2929139725c46f0","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573383537150312","idStr":"3573383537150312"},"themes":[],"htmlText":"Just wondering with Elon selling such huge volume of shares, who is the one buying the em up. Retail investors?","listText":"Just wondering with Elon selling such huge volume of shares, who is the one buying the em up. Retail investors?","text":"Just wondering with Elon selling such huge volume of shares, who is the one buying the em up. Retail investors?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/693992017","repostId":"1192170592","repostType":4,"repost":{"id":"1192170592","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":1639732422,"share":"https://www.laohu8.com/m/news/1192170592?lang=zh_CN&edition=full","pubTime":"2021-12-17 17:13","market":"us","language":"en","title":"Tesla continued to fall nearly 2% in premarket trading as Musk sold another 934,091 shares for $884.1 million on Thursday<blockquote>特斯拉盘前交易继续下跌近2%，马斯克周四以8.841亿美元的价格再出售934,091股</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1192170592","media":"Tiger Newspress","summary":"Tesla continued to fall nearly 2% in premarket trading as Musk sold another 934,091 shares for $884.","content":"<p>Tesla continued to fall nearly&nbsp;2% in premarket trading as Musk&nbsp;sold another 934,091 shares for $884.1 million on Thursday.<img src=\"https://static.tigerbbs.com/c05e2e66111873d1acee866048a82c83\" tg-width=\"772\" tg-height=\"564\" width=\"100%\" height=\"auto\">Musk&nbsp;sold another 934,091 shares for $884.1 million on Thursday to pay for taxes on the exercise of stock options&nbsp;at a price of $6.24 to buy 2.2 million shares in Tesla, according to U.S. securities filings.</p><p><blockquote>特斯拉在盘前交易中继续下跌近2%，周四Musk又以8.841亿美元的价格出售了934,091股股票。根据美国证券备案文件，马斯克周四又以8.841亿美元的价格出售了934,091股股票，以支付行使股票期权的税款，以6.24美元的价格购买了220万股特斯拉股票。</blockquote></p><p> Musk has sold about 12900512 Tesla shares since November 8, accounting for 75.66% of his previously committed shares.</p><p><blockquote>马斯克自11月8日以来已出售约12900512股特斯拉股票，占其此前承诺股份的75.66%。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla continued to fall nearly 2% in premarket trading as Musk sold another 934,091 shares for $884.1 million on Thursday<blockquote>特斯拉盘前交易继续下跌近2%，马斯克周四以8.841亿美元的价格再出售934,091股</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ 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}\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla continued to fall nearly 2% in premarket trading as Musk sold another 934,091 shares for $884.1 million on Thursday<blockquote>特斯拉盘前交易继续下跌近2%，马斯克周四以8.841亿美元的价格再出售934,091股</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-12-17 17:13</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Tesla continued to fall nearly&nbsp;2% in premarket trading as Musk&nbsp;sold another 934,091 shares for $884.1 million on Thursday.<img src=\"https://static.tigerbbs.com/c05e2e66111873d1acee866048a82c83\" tg-width=\"772\" tg-height=\"564\" width=\"100%\" height=\"auto\">Musk&nbsp;sold another 934,091 shares for $884.1 million on Thursday to pay for taxes on the exercise of stock options&nbsp;at a price of $6.24 to buy 2.2 million shares in Tesla, according to U.S. securities filings.</p><p><blockquote>特斯拉在盘前交易中继续下跌近2%，周四Musk又以8.841亿美元的价格出售了934,091股股票。根据美国证券备案文件，马斯克周四又以8.841亿美元的价格出售了934,091股股票，以支付行使股票期权的税款，以6.24美元的价格购买了220万股特斯拉股票。</blockquote></p><p> Musk has sold about 12900512 Tesla shares since November 8, accounting for 75.66% of his previously committed shares.</p><p><blockquote>马斯克自11月8日以来已出售约12900512股特斯拉股票，占其此前承诺股份的75.66%。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1192170592","content_text":"Tesla continued to fall nearly 2% in premarket trading as Musk sold another 934,091 shares for $884.1 million on Thursday.Musk sold another 934,091 shares for $884.1 million on Thursday to pay for taxes on the exercise of stock options at a price of $6.24 to buy 2.2 million shares in Tesla, according to U.S. securities filings.\nMusk has sold about 12900512 Tesla shares since November 8, accounting for 75.66% of his previously committed shares.","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":3302,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":693991372,"gmtCreate":1639957947514,"gmtModify":1639957947805,"author":{"id":"3573383537150312","authorId":"3573383537150312","name":"th0mastan","avatar":"https://static.tigerbbs.com/84d76bcdad50787fa2929139725c46f0","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573383537150312","idStr":"3573383537150312"},"themes":[],"htmlText":"Maybe tonight I might drop even more 😂","listText":"Maybe tonight I might drop even more 😂","text":"Maybe tonight I might drop even more 😂","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/693991372","repostId":"2192708619","repostType":4,"repost":{"id":"2192708619","kind":"highlight","pubTimestamp":1639954209,"share":"https://www.laohu8.com/m/news/2192708619?lang=zh_CN&edition=full","pubTime":"2021-12-20 06:50","market":"us","language":"en","title":"Cathie Wood says stocks have corrected into 'deep value territory' and won't let benchmarks 'hold our strategies hostage'<blockquote>凯西·伍德表示，股市已修正至“深度价值区域”，不会让基准“挟持我们的策略”</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2192708619","media":"MarketWatch","summary":"ARK Invest founder Cathie Wood offered the latest defense of the once-highflying, disruptive innovat","content":"<p>ARK Invest founder Cathie Wood offered the latest defense of the once-highflying, disruptive innovation strategies that had made her suite of exchange-traded funds among the most popular, and best-performing, on Wall Street in 2020.</p><p><blockquote>ARK Invest创始人凯西·伍德(Cathie Wood)为曾经雄心勃勃的颠覆性创新战略进行了最新辩护，这些战略使她的交易所交易基金套件成为2020年华尔街最受欢迎、表现最好的基金之一。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5e17c2568a6dc81e7e3573ede78dcfb0\" tg-width=\"700\" tg-height=\"466\" width=\"100%\" height=\"auto\"><span>Patrick T. Fallon/AFP/Getty Images</span></p><p><blockquote><p class=\"t-img-caption\"><span>帕特里克·T·法伦/法新社/盖蒂图片社</span></p></blockquote></p><p> In a Friday evening blog post, Wood said that despite a brutal stretch that has compelled the operators of the ARK Invest ETFs, including the flagship Ark Innovation&nbsp;fund, to do some soul-searching, the fund manager is sticking to her game plan.</p><p><blockquote>伍德在周五晚上的一篇博客文章中表示，尽管经历了残酷的考验，迫使包括旗舰方舟创新基金在内的方舟投资ETF的运营商进行了一些自我反省，但这位基金经理仍坚持她的游戏计划。</blockquote></p><p>   “‘With a five-year investment time horizon, our forecasts for these platforms suggest that our strategies today could deliver a 30-40% compound annual rate of return during the next five years.’”  “We won’t let benchmarks and tracking errors hold our strategies hostage to the existing world order,” Wood wrote. She described the success of the ARK ETFs as one not solely bolstered by fervor for “stay at home” investment opportunities, amid the COVID pandemic, but rooted in identifying paradigm-shifting innovation, from blockchain and bitcoin&nbsp;to electric vehicles.</p><p><blockquote>“‘在五年的投资时间范围内，我们对这些平台的预测表明，我们今天的策略可以在未来五年内实现30-40%的复合年回报率。’”“我们不会让基准和跟踪错误使我们的战略受制于现有的世界秩序，”伍德写道。她将ARK ETF的成功描述为，不仅得益于在新冠疫情期间对“呆在家里”投资机会的热情，而且植根于识别从区块链和比特币到电动汽车的范式转变创新。</blockquote></p><p> “Critical to investment success will be moving to the right side of change, avoiding industries and companies caught in the crosshairs of ‘creative destruction’ and embracing those on the leading edge of ‘disruptive innovation,'” Wood wrote.</p><p><blockquote>伍德写道：“投资成功的关键是转向变革的正确方向，避免陷入‘创造性破坏’的行业和公司，并拥抱那些处于‘颠覆性创新’前沿的行业和公司。”</blockquote></p><p> On Friday, ARK Innovation ended the session up nearly 6% and produced its second straight sharp weekly gain, up 1.1%, following a 1.8% advance in the prior week. The advance for ARK Innovation still leaves the actively managed fund down nearly 22% in the year to date, as the broader S&amp;P 500,the Dow Jones Industrial Average&nbsp;and the technology Nasdaq Composite Index&nbsp;have faced whipsawing volatility derived primarily from concerns about more transmissible strains of COVID, surging inflation and global monetary policy’s reaction to those pricing pressures. Year-to-date the S&amp;P 500 index is up 864.57 points or 23.02%.</p><p><blockquote>周五，ARK Innovation收盘上涨近6%，连续第二周大幅上涨，上涨1.1%，此前一周上涨1.8%。ARK Innovation的上涨仍然导致这只主动管理型基金今年迄今下跌了近22%，因为更广泛的标普500、道琼斯工业平均指数和科技纳斯达克综合指数面临剧烈波动，这主要是由于对传染性更强的担忧新冠疫情、通胀飙升以及全球货币政策对这些定价压力的反应。年初至今，标普500指数上涨864.57点，涨幅23.02%。</blockquote></p><p> ARK’s seven ETFs returned an average of 141% in 2020, on the back of gains from companies such as&nbsp;<b>Tesla Inc.</b>,and&nbsp;<b>Teladoc Health Inc</b>.,&nbsp;making Wood the toast of Wall Street. But those funds, focused primarily on companies that aren’t yet profitable, have been limping lower since hitting a peak back in February, and their woeful performance has raised questions about the prospects for the ETFs in the months and years to come.</p><p><blockquote>ARK旗下7只ETF 2020年平均回报率为141%，得益于以下公司的收益<b>特斯拉公司。</b>，和<b>Teladoc健康公司</b>.，让伍德成为华尔街的宠儿。但这些基金主要专注于尚未盈利的公司，自2月份达到峰值以来一直在走低，其糟糕的表现引发了人们对ETF未来几个月和几年前景的质疑。</blockquote></p><p> Wood urged investors to maintain their support of the ARK complex and said that maintaining a long-term, five-year time horizon would be the best way to judge the fund manager’s true performance.</p><p><blockquote>伍德敦促投资者保持对方舟综合体的支持，并表示保持长期的五年时间范围将是判断基金经理真实业绩的最佳方式。</blockquote></p><p> “With a five-year investment time horizon, our forecasts for these platforms suggest that our strategies today could deliver a 30-40% compound annual rate of return during the next five years,” the ARK CEO wrote.</p><p><blockquote>ARK首席执行官写道：“以五年的投资时间范围，我们对这些平台的预测表明，我们今天的策略可以在未来五年内实现30-40%的复合年回报率。”</blockquote></p><p> “In other words, if our research is correct—and I believe that our research on innovation is the best in the financial world—then our strategies will triple to quintuple in value over the next five years,”&nbsp;Wood added.</p><p><blockquote>“换句话说，如果我们的研究是正确的——我相信我们对创新的研究是金融界最好的——那么我们的战略价值将在未来五年内增加三到五倍，”伍德补充道。</blockquote></p><p> The ARK founder also made the case that the Nasdaq and S&amp;P 500 could be the bigger disappointment to return-eager investors in the longer-term because they are more overvalued than the disruptive investments that comprise her funds.</p><p><blockquote>这位方舟创始人还表示，从长远来看，纳斯达克和标普500可能会让渴望回报的投资者更失望，因为它们的估值比构成她基金的颠覆性投资更高估。</blockquote></p><p> “Unlike many innovation-related stocks, equity benchmarks are selling at record high prices and near record high valuations, 26x for the S&amp;P 500 and 127x for the Nasdaq on a trailing twelve-month basis,” Wood wrote.</p><p><blockquote>伍德写道：“与许多与创新相关的股票不同，股票基准正以创纪录的高价和接近创纪录的高估值出售，过去12个月标普500为26倍，纳斯达克为127倍。”</blockquote></p><p> She said that the “five major innovation platforms which involve 14 technologies are likely to transform the existing world order and that so-called tried and true investment strategies “will disappoint during the next five to ten years as DNA sequencing, robotics, energy storage, artificial intelligence, and blockchain technology scale and converge.”</p><p><blockquote>她表示，“涉及14项技术的五大创新平台可能会改变现有的世界秩序，随着DNA测序、机器人、能源存储、人工智能和区块链技术的规模和融合，所谓的屡试不爽的投资策略”将在未来五到十年内令人失望。”</blockquote></p><p> Wood also made the case that the so-called wall of worry, with inflation fears representing perhaps the biggest concern, provided an ideal backdrop for further advances in innovation stocks in the longer run because the dot-com markets of the late-1990s weren’t properly buffeted by investor concerns. The thinking is that “walls of worry” tend to limit market euphoria.</p><p><blockquote>伍德还指出，所谓的担忧墙（其中通胀担忧可能是最大的担忧）从长远来看为创新股的进一步上涨提供了理想的背景，因为20世纪90年代末的互联网市场并没有受到投资者担忧的适当打击。人们的想法是，“担忧之墙”往往会限制市场的兴奋。</blockquote></p><p> “In our view, the wall of worry built on the back of high multiple stocks bodes well for equities in the innovation space,” she wrote. “No wall of worry existed or tested the equity market in 1999. This time around, the wall of worry has scaled to enormous heights,” Wood said.</p><p><blockquote>她写道：“我们认为，建立在高市盈率股票基础上的担忧之墙对创新领域的股票来说是个好兆头。”伍德表示：“1999年，股市并不存在担忧之墙，也没有受到考验。这一次，担忧之墙已经达到了巨大的高度。”</blockquote></p><p> On the macroeconomic front, Wood said that deflation, rather than inflation, could be a bigger problem for markets in the coming months.</p><p><blockquote>在宏观经济方面，伍德表示，通货紧缩而不是通胀可能是未来几个月市场面临的更大问题。</blockquote></p><p></p><p> “That said, my conviction is growing that the bigger surprise to the markets will be price deflation – both cyclical and secular – and that, after collapsing this year, higher multiple stocks could turn around dramatically during the next year,” she wrote.</p><p><blockquote>她写道：“也就是说，我越来越相信，市场面临的更大惊喜将是价格通货紧缩——无论是周期性的还是长期的——而且在今年崩溃之后，市盈率较高的股票可能会在明年大幅逆转。”</blockquote></p><p></p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cathie Wood says stocks have corrected into 'deep value territory' and won't let benchmarks 'hold our strategies hostage'<blockquote>凯西·伍德表示，股市已修正至“深度价值区域”，不会让基准“挟持我们的策略”</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCathie Wood says stocks have corrected into 'deep value territory' and won't let benchmarks 'hold our strategies hostage'<blockquote>凯西·伍德表示，股市已修正至“深度价值区域”，不会让基准“挟持我们的策略”</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-12-20 06:50</span>\n</p>\n</h4>\n</header>\n<article>\n<p>ARK Invest founder Cathie Wood offered the latest defense of the once-highflying, disruptive innovation strategies that had made her suite of exchange-traded funds among the most popular, and best-performing, on Wall Street in 2020.</p><p><blockquote>ARK Invest创始人凯西·伍德(Cathie Wood)为曾经雄心勃勃的颠覆性创新战略进行了最新辩护，这些战略使她的交易所交易基金套件成为2020年华尔街最受欢迎、表现最好的基金之一。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5e17c2568a6dc81e7e3573ede78dcfb0\" tg-width=\"700\" tg-height=\"466\" width=\"100%\" height=\"auto\"><span>Patrick T. Fallon/AFP/Getty Images</span></p><p><blockquote><p class=\"t-img-caption\"><span>帕特里克·T·法伦/法新社/盖蒂图片社</span></p></blockquote></p><p> In a Friday evening blog post, Wood said that despite a brutal stretch that has compelled the operators of the ARK Invest ETFs, including the flagship Ark Innovation&nbsp;fund, to do some soul-searching, the fund manager is sticking to her game plan.</p><p><blockquote>伍德在周五晚上的一篇博客文章中表示，尽管经历了残酷的考验，迫使包括旗舰方舟创新基金在内的方舟投资ETF的运营商进行了一些自我反省，但这位基金经理仍坚持她的游戏计划。</blockquote></p><p>   “‘With a five-year investment time horizon, our forecasts for these platforms suggest that our strategies today could deliver a 30-40% compound annual rate of return during the next five years.’”  “We won’t let benchmarks and tracking errors hold our strategies hostage to the existing world order,” Wood wrote. She described the success of the ARK ETFs as one not solely bolstered by fervor for “stay at home” investment opportunities, amid the COVID pandemic, but rooted in identifying paradigm-shifting innovation, from blockchain and bitcoin&nbsp;to electric vehicles.</p><p><blockquote>“‘在五年的投资时间范围内，我们对这些平台的预测表明，我们今天的策略可以在未来五年内实现30-40%的复合年回报率。’”“我们不会让基准和跟踪错误使我们的战略受制于现有的世界秩序，”伍德写道。她将ARK ETF的成功描述为，不仅得益于在新冠疫情期间对“呆在家里”投资机会的热情，而且植根于识别从区块链和比特币到电动汽车的范式转变创新。</blockquote></p><p> “Critical to investment success will be moving to the right side of change, avoiding industries and companies caught in the crosshairs of ‘creative destruction’ and embracing those on the leading edge of ‘disruptive innovation,'” Wood wrote.</p><p><blockquote>伍德写道：“投资成功的关键是转向变革的正确方向，避免陷入‘创造性破坏’的行业和公司，并拥抱那些处于‘颠覆性创新’前沿的行业和公司。”</blockquote></p><p> On Friday, ARK Innovation ended the session up nearly 6% and produced its second straight sharp weekly gain, up 1.1%, following a 1.8% advance in the prior week. The advance for ARK Innovation still leaves the actively managed fund down nearly 22% in the year to date, as the broader S&amp;P 500,the Dow Jones Industrial Average&nbsp;and the technology Nasdaq Composite Index&nbsp;have faced whipsawing volatility derived primarily from concerns about more transmissible strains of COVID, surging inflation and global monetary policy’s reaction to those pricing pressures. Year-to-date the S&amp;P 500 index is up 864.57 points or 23.02%.</p><p><blockquote>周五，ARK Innovation收盘上涨近6%，连续第二周大幅上涨，上涨1.1%，此前一周上涨1.8%。ARK Innovation的上涨仍然导致这只主动管理型基金今年迄今下跌了近22%，因为更广泛的标普500、道琼斯工业平均指数和科技纳斯达克综合指数面临剧烈波动，这主要是由于对传染性更强的担忧新冠疫情、通胀飙升以及全球货币政策对这些定价压力的反应。年初至今，标普500指数上涨864.57点，涨幅23.02%。</blockquote></p><p> ARK’s seven ETFs returned an average of 141% in 2020, on the back of gains from companies such as&nbsp;<b>Tesla Inc.</b>,and&nbsp;<b>Teladoc Health Inc</b>.,&nbsp;making Wood the toast of Wall Street. But those funds, focused primarily on companies that aren’t yet profitable, have been limping lower since hitting a peak back in February, and their woeful performance has raised questions about the prospects for the ETFs in the months and years to come.</p><p><blockquote>ARK旗下7只ETF 2020年平均回报率为141%，得益于以下公司的收益<b>特斯拉公司。</b>，和<b>Teladoc健康公司</b>.，让伍德成为华尔街的宠儿。但这些基金主要专注于尚未盈利的公司，自2月份达到峰值以来一直在走低，其糟糕的表现引发了人们对ETF未来几个月和几年前景的质疑。</blockquote></p><p> Wood urged investors to maintain their support of the ARK complex and said that maintaining a long-term, five-year time horizon would be the best way to judge the fund manager’s true performance.</p><p><blockquote>伍德敦促投资者保持对方舟综合体的支持，并表示保持长期的五年时间范围将是判断基金经理真实业绩的最佳方式。</blockquote></p><p> “With a five-year investment time horizon, our forecasts for these platforms suggest that our strategies today could deliver a 30-40% compound annual rate of return during the next five years,” the ARK CEO wrote.</p><p><blockquote>ARK首席执行官写道：“以五年的投资时间范围，我们对这些平台的预测表明，我们今天的策略可以在未来五年内实现30-40%的复合年回报率。”</blockquote></p><p> “In other words, if our research is correct—and I believe that our research on innovation is the best in the financial world—then our strategies will triple to quintuple in value over the next five years,”&nbsp;Wood added.</p><p><blockquote>“换句话说，如果我们的研究是正确的——我相信我们对创新的研究是金融界最好的——那么我们的战略价值将在未来五年内增加三到五倍，”伍德补充道。</blockquote></p><p> The ARK founder also made the case that the Nasdaq and S&amp;P 500 could be the bigger disappointment to return-eager investors in the longer-term because they are more overvalued than the disruptive investments that comprise her funds.</p><p><blockquote>这位方舟创始人还表示，从长远来看，纳斯达克和标普500可能会让渴望回报的投资者更失望，因为它们的估值比构成她基金的颠覆性投资更高估。</blockquote></p><p> “Unlike many innovation-related stocks, equity benchmarks are selling at record high prices and near record high valuations, 26x for the S&amp;P 500 and 127x for the Nasdaq on a trailing twelve-month basis,” Wood wrote.</p><p><blockquote>伍德写道：“与许多与创新相关的股票不同，股票基准正以创纪录的高价和接近创纪录的高估值出售，过去12个月标普500为26倍，纳斯达克为127倍。”</blockquote></p><p> She said that the “five major innovation platforms which involve 14 technologies are likely to transform the existing world order and that so-called tried and true investment strategies “will disappoint during the next five to ten years as DNA sequencing, robotics, energy storage, artificial intelligence, and blockchain technology scale and converge.”</p><p><blockquote>她表示，“涉及14项技术的五大创新平台可能会改变现有的世界秩序，随着DNA测序、机器人、能源存储、人工智能和区块链技术的规模和融合，所谓的屡试不爽的投资策略”将在未来五到十年内令人失望。”</blockquote></p><p> Wood also made the case that the so-called wall of worry, with inflation fears representing perhaps the biggest concern, provided an ideal backdrop for further advances in innovation stocks in the longer run because the dot-com markets of the late-1990s weren’t properly buffeted by investor concerns. The thinking is that “walls of worry” tend to limit market euphoria.</p><p><blockquote>伍德还指出，所谓的担忧墙（其中通胀担忧可能是最大的担忧）从长远来看为创新股的进一步上涨提供了理想的背景，因为20世纪90年代末的互联网市场并没有受到投资者担忧的适当打击。人们的想法是，“担忧之墙”往往会限制市场的兴奋。</blockquote></p><p> “In our view, the wall of worry built on the back of high multiple stocks bodes well for equities in the innovation space,” she wrote. “No wall of worry existed or tested the equity market in 1999. This time around, the wall of worry has scaled to enormous heights,” Wood said.</p><p><blockquote>她写道：“我们认为，建立在高市盈率股票基础上的担忧之墙对创新领域的股票来说是个好兆头。”伍德表示：“1999年，股市并不存在担忧之墙，也没有受到考验。这一次，担忧之墙已经达到了巨大的高度。”</blockquote></p><p> On the macroeconomic front, Wood said that deflation, rather than inflation, could be a bigger problem for markets in the coming months.</p><p><blockquote>在宏观经济方面，伍德表示，通货紧缩而不是通胀可能是未来几个月市场面临的更大问题。</blockquote></p><p></p><p> “That said, my conviction is growing that the bigger surprise to the markets will be price deflation – both cyclical and secular – and that, after collapsing this year, higher multiple stocks could turn around dramatically during the next year,” she wrote.</p><p><blockquote>她写道：“也就是说，我越来越相信，市场面临的更大惊喜将是价格通货紧缩——无论是周期性的还是长期的——而且在今年崩溃之后，市盈率较高的股票可能会在明年大幅逆转。”</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/cathie-wood-says-stocks-have-corrected-into-deep-value-territory-and-wont-let-benchmarks-hold-our-strategies-hostage-11639795224?mod=home-page\">MarketWatch</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","ARKK":"ARK Innovation ETF",".IXIC":"NASDAQ Composite","TDOC":"Teladoc Health Inc.",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.marketwatch.com/story/cathie-wood-says-stocks-have-corrected-into-deep-value-territory-and-wont-let-benchmarks-hold-our-strategies-hostage-11639795224?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2192708619","content_text":"ARK Invest founder Cathie Wood offered the latest defense of the once-highflying, disruptive innovation strategies that had made her suite of exchange-traded funds among the most popular, and best-performing, on Wall Street in 2020.\nPatrick T. Fallon/AFP/Getty Images\nIn a Friday evening blog post, Wood said that despite a brutal stretch that has compelled the operators of the ARK Invest ETFs, including the flagship Ark Innovation fund, to do some soul-searching, the fund manager is sticking to her game plan.\n\n “‘With a five-year investment time horizon, our forecasts for these platforms suggest that our strategies today could deliver a 30-40% compound annual rate of return during the next five years.’”\n\n“We won’t let benchmarks and tracking errors hold our strategies hostage to the existing world order,” Wood wrote. She described the success of the ARK ETFs as one not solely bolstered by fervor for “stay at home” investment opportunities, amid the COVID pandemic, but rooted in identifying paradigm-shifting innovation, from blockchain and bitcoin to electric vehicles.\n“Critical to investment success will be moving to the right side of change, avoiding industries and companies caught in the crosshairs of ‘creative destruction’ and embracing those on the leading edge of ‘disruptive innovation,'” Wood wrote.\nOn Friday, ARK Innovation ended the session up nearly 6% and produced its second straight sharp weekly gain, up 1.1%, following a 1.8% advance in the prior week. The advance for ARK Innovation still leaves the actively managed fund down nearly 22% in the year to date, as the broader S&P 500,the Dow Jones Industrial Average and the technology Nasdaq Composite Index have faced whipsawing volatility derived primarily from concerns about more transmissible strains of COVID, surging inflation and global monetary policy’s reaction to those pricing pressures. Year-to-date the S&P 500 index is up 864.57 points or 23.02%.\nARK’s seven ETFs returned an average of 141% in 2020, on the back of gains from companies such as Tesla Inc.,and Teladoc Health Inc., making Wood the toast of Wall Street. But those funds, focused primarily on companies that aren’t yet profitable, have been limping lower since hitting a peak back in February, and their woeful performance has raised questions about the prospects for the ETFs in the months and years to come.\nWood urged investors to maintain their support of the ARK complex and said that maintaining a long-term, five-year time horizon would be the best way to judge the fund manager’s true performance.\n“With a five-year investment time horizon, our forecasts for these platforms suggest that our strategies today could deliver a 30-40% compound annual rate of return during the next five years,” the ARK CEO wrote.\n“In other words, if our research is correct—and I believe that our research on innovation is the best in the financial world—then our strategies will triple to quintuple in value over the next five years,” Wood added.\nThe ARK founder also made the case that the Nasdaq and S&P 500 could be the bigger disappointment to return-eager investors in the longer-term because they are more overvalued than the disruptive investments that comprise her funds.\n“Unlike many innovation-related stocks, equity benchmarks are selling at record high prices and near record high valuations, 26x for the S&P 500 and 127x for the Nasdaq on a trailing twelve-month basis,” Wood wrote.\nShe said that the “five major innovation platforms which involve 14 technologies are likely to transform the existing world order and that so-called tried and true investment strategies “will disappoint during the next five to ten years as DNA sequencing, robotics, energy storage, artificial intelligence, and blockchain technology scale and converge.”\nWood also made the case that the so-called wall of worry, with inflation fears representing perhaps the biggest concern, provided an ideal backdrop for further advances in innovation stocks in the longer run because the dot-com markets of the late-1990s weren’t properly buffeted by investor concerns. The thinking is that “walls of worry” tend to limit market euphoria.\n“In our view, the wall of worry built on the back of high multiple stocks bodes well for equities in the innovation space,” she wrote. “No wall of worry existed or tested the equity market in 1999. This time around, the wall of worry has scaled to enormous heights,” Wood said.\nOn the macroeconomic front, Wood said that deflation, rather than inflation, could be a bigger problem for markets in the coming months.\n“That said, my conviction is growing that the bigger surprise to the markets will be price deflation – both cyclical and secular – and that, after collapsing this year, higher multiple stocks could turn around dramatically during the next year,” she wrote.","news_type":1,"symbols_score_info":{"TSLA":0.9,"ARKK":0.9,".IXIC":0.9,".DJI":0.9,"TDOC":0.9,".SPX":0.9,"ARKIU":0.9}},"isVote":1,"tweetType":1,"viewCount":4036,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":699249387,"gmtCreate":1639821575206,"gmtModify":1639824719540,"author":{"id":"3573383537150312","authorId":"3573383537150312","name":"th0mastan","avatar":"https://static.tigerbbs.com/84d76bcdad50787fa2929139725c46f0","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573383537150312","idStr":"3573383537150312"},"themes":[],"htmlText":"Looking forward to see <a href=\"https://laohu8.com/S/SE\">$Sea Ltd(SE)$</a>excite and scale in the new markets, especially inLatin America. Somehow Shopee has alwaysbeen adopting a non-traditional form of advertising strategy by coming up with catchy theme songs, somehow it seems to work. Hope it continues the growth&nbsp;","listText":"Looking forward to see <a href=\"https://laohu8.com/S/SE\">$Sea Ltd(SE)$</a>excite and scale in the new markets, especially inLatin America. Somehow Shopee has alwaysbeen adopting a non-traditional form of advertising strategy by coming up with catchy theme songs, somehow it seems to work. Hope it continues the growth&nbsp;","text":"Looking forward to see $Sea Ltd(SE)$excite and scale in the new markets, especially inLatin America. Somehow Shopee has alwaysbeen adopting a non-traditional form of advertising strategy by coming up with catchy theme songs, somehow it seems to work. Hope it continues the growth","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":5,"repostSize":0,"link":"https://laohu8.com/post/699249387","repostId":"2192978346","repostType":4,"isVote":1,"tweetType":1,"viewCount":5051,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"9000000000000724","authorId":"9000000000000724","name":"AgathaHume","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"9000000000000724","idStr":"9000000000000724"},"content":"hhh this is really surprising. I think we can still buy now","text":"hhh this is really surprising. I think we can still buy now","html":"hhh this is really surprising. I think we can still buy now"}],"imageCount":0,"langContent":"CN","totalScore":0},{"id":699240544,"gmtCreate":1639821420191,"gmtModify":1639821420409,"author":{"id":"3573383537150312","authorId":"3573383537150312","name":"th0mastan","avatar":"https://static.tigerbbs.com/84d76bcdad50787fa2929139725c46f0","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573383537150312","idStr":"3573383537150312"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/CRM\">$Salesforce.com(CRM)$</a>is a force that MSFT needs to reckon with, it has always been in a dominant position. Would be good to see&nbsp;companies rising up to create a more innovative ecosystem for consumers&nbsp;","listText":"<a href=\"https://laohu8.com/S/CRM\">$Salesforce.com(CRM)$</a>is a force that MSFT needs to reckon with, it has always been in a dominant position. Would be good to see&nbsp;companies rising up to create a more innovative ecosystem for consumers&nbsp;","text":"$Salesforce.com(CRM)$is a force that MSFT needs to reckon with, it has always been in a dominant position. Would be good to see companies rising up to create a more innovative ecosystem for consumers","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/699240544","repostId":"2192973737","repostType":4,"isVote":1,"tweetType":1,"viewCount":4248,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":699240133,"gmtCreate":1639821312153,"gmtModify":1639821312378,"author":{"id":"3573383537150312","authorId":"3573383537150312","name":"th0mastan","avatar":"https://static.tigerbbs.com/84d76bcdad50787fa2929139725c46f0","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573383537150312","idStr":"3573383537150312"},"themes":[],"htmlText":"How can delivery of two trucks be able to create such a hype&nbsp;","listText":"How can delivery of two trucks be able to create such a hype&nbsp;","text":"How can delivery of two trucks be able to create such a hype","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/699240133","repostId":"1108060975","repostType":4,"repost":{"id":"1108060975","kind":"news","pubTimestamp":1639793616,"share":"https://www.laohu8.com/m/news/1108060975?lang=zh_CN&edition=full","pubTime":"2021-12-18 10:13","market":"us","language":"en","title":"Nikola soars after delivering two battery-electric trucks<blockquote>尼古拉在交付两辆纯电动卡车后股价飙升</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1108060975","media":"Seeking Alpha","summary":"Nikola pops after announcing the deliveries of two Nikola Tre battery-electric vehicle pilot trucks ","content":"<p><a href=\"https://laohu8.com/S/NKLA\">Nikola </a>pops after announcing the deliveries of two Nikola Tre battery-electric vehicle pilot trucks to Total Transportation Services.</p><p><blockquote><a href=\"https://laohu8.com/S/NKLA\">尼古拉</a>pops宣布向Total Transportation Services交付两辆Nikola Tre纯电动汽车试点卡车后。</blockquote></p><p> Total Transportation Services is described as a prominent port trucking company that is working to expedite zero-emission transportation solutions at the ports of Los Angeles and Long Beach.</p><p><blockquote>Total Transportation Services被描述为一家著名的港口卡车运输公司，致力于加快洛杉矶和长滩港口的零排放运输解决方案。</blockquote></p><p> Total Transportation Services has a letter of intent for 100 zero-emission trucks beginning with a four-truck pilot of two BEVs and two FCEVs.</p><p><blockquote>Total Transportation Services签订了100辆零排放卡车的意向书，首先是两辆纯电动汽车和两辆燃料电池汽车的四辆卡车试点。</blockquote></p><p> Even with today's bounce higher, Nikola (NASDAQ:NKLA) still trades below its 50-day, 100-day and 200-day moving averages.</p><p><blockquote>即使今天反弹走高，尼古拉（纳斯达克：NKLA）的交易价格仍低于50日、100日和200日移动平均线。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/59fc496bae675dcc5d90209dde904a2b\" tg-width=\"971\" tg-height=\"632\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nikola soars after delivering two battery-electric trucks<blockquote>尼古拉在交付两辆纯电动卡车后股价飙升</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ 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}\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\">\nNikola soars after delivering two battery-electric trucks<blockquote>尼古拉在交付两辆纯电动卡车后股价飙升</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Seeking Alpha</strong><span class=\"h-time small\">2021-12-18 10:13</span>\n</p>\n</h4>\n</header>\n<article>\n<p><a href=\"https://laohu8.com/S/NKLA\">Nikola </a>pops after announcing the deliveries of two Nikola Tre battery-electric vehicle pilot trucks to Total Transportation Services.</p><p><blockquote><a href=\"https://laohu8.com/S/NKLA\">尼古拉</a>pops宣布向Total Transportation Services交付两辆Nikola Tre纯电动汽车试点卡车后。</blockquote></p><p> Total Transportation Services is described as a prominent port trucking company that is working to expedite zero-emission transportation solutions at the ports of Los Angeles and Long Beach.</p><p><blockquote>Total Transportation Services被描述为一家著名的港口卡车运输公司，致力于加快洛杉矶和长滩港口的零排放运输解决方案。</blockquote></p><p> Total Transportation Services has a letter of intent for 100 zero-emission trucks beginning with a four-truck pilot of two BEVs and two FCEVs.</p><p><blockquote>Total Transportation Services签订了100辆零排放卡车的意向书，首先是两辆纯电动汽车和两辆燃料电池汽车的四辆卡车试点。</blockquote></p><p> Even with today's bounce higher, Nikola (NASDAQ:NKLA) still trades below its 50-day, 100-day and 200-day moving averages.</p><p><blockquote>即使今天反弹走高，尼古拉（纳斯达克：NKLA）的交易价格仍低于50日、100日和200日移动平均线。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/59fc496bae675dcc5d90209dde904a2b\" tg-width=\"971\" tg-height=\"632\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/news/3781401-nikola-soars-after-delivering-two-battery-electric-trucks-to-port-trucking-company\">Seeking Alpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://seekingalpha.com/news/3781401-nikola-soars-after-delivering-two-battery-electric-trucks-to-port-trucking-company","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1108060975","content_text":"Nikola pops after announcing the deliveries of two Nikola Tre battery-electric vehicle pilot trucks to Total Transportation Services.\nTotal Transportation Services is described as a prominent port trucking company that is working to expedite zero-emission transportation solutions at the ports of Los Angeles and Long Beach.\nTotal Transportation Services has a letter of intent for 100 zero-emission trucks beginning with a four-truck pilot of two BEVs and two FCEVs.\nEven with today's bounce higher, Nikola (NASDAQ:NKLA) still trades below its 50-day, 100-day and 200-day moving averages.","news_type":1,"symbols_score_info":{"NKLA":0.9}},"isVote":1,"tweetType":1,"viewCount":3216,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":690385695,"gmtCreate":1639635403393,"gmtModify":1639635403644,"author":{"id":"3573383537150312","authorId":"3573383537150312","name":"th0mastan","avatar":"https://static.tigerbbs.com/84d76bcdad50787fa2929139725c46f0","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573383537150312","idStr":"3573383537150312"},"themes":[],"htmlText":"Hope they made the right move to expand inMalaysia&nbsp;","listText":"Hope they made the right move to expand inMalaysia&nbsp;","text":"Hope they made the right move to expand inMalaysia","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/690385695","repostId":"1154697933","repostType":4,"isVote":1,"tweetType":1,"viewCount":3393,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":690382701,"gmtCreate":1639635285664,"gmtModify":1639635342566,"author":{"id":"3573383537150312","authorId":"3573383537150312","name":"th0mastan","avatar":"https://static.tigerbbs.com/84d76bcdad50787fa2929139725c46f0","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573383537150312","idStr":"3573383537150312"},"themes":[],"htmlText":"This is the reason why <a href=\"https://laohu8.com/S/TDOC\">$Teladoc Health Inc.(TDOC)$</a>has corrected so much recently","listText":"This is the reason why <a href=\"https://laohu8.com/S/TDOC\">$Teladoc Health Inc.(TDOC)$</a>has corrected so much recently","text":"This is the reason why $Teladoc Health Inc.(TDOC)$has corrected so much recently","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/690382701","repostId":"1136577431","repostType":4,"isVote":1,"tweetType":1,"viewCount":3669,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":607816884,"gmtCreate":1639524406266,"gmtModify":1639524406447,"author":{"id":"3573383537150312","authorId":"3573383537150312","name":"th0mastan","avatar":"https://static.tigerbbs.com/84d76bcdad50787fa2929139725c46f0","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573383537150312","idStr":"3573383537150312"},"themes":[],"htmlText":"Not sure how long it will last","listText":"Not sure how long it will last","text":"Not sure how long it will last","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/607816884","repostId":"1121800259","repostType":4,"isVote":1,"tweetType":1,"viewCount":1186,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":607816936,"gmtCreate":1639524381644,"gmtModify":1639524391297,"author":{"id":"3573383537150312","authorId":"3573383537150312","name":"th0mastan","avatar":"https://static.tigerbbs.com/84d76bcdad50787fa2929139725c46f0","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573383537150312","idStr":"3573383537150312"},"themes":[],"htmlText":"Glad to see Grab deploying their fund into other businesses, this will capitalize their customers to create new opportunities.&nbsp;","listText":"Glad to see Grab deploying their fund into other businesses, this will capitalize their customers to create new opportunities.&nbsp;","text":"Glad to see Grab deploying their fund into other businesses, this will capitalize their customers to create new opportunities.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/607816936","repostId":"1116496280","repostType":4,"isVote":1,"tweetType":1,"viewCount":1397,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":607813839,"gmtCreate":1639524143444,"gmtModify":1639524379228,"author":{"id":"3573383537150312","authorId":"3573383537150312","name":"th0mastan","avatar":"https://static.tigerbbs.com/84d76bcdad50787fa2929139725c46f0","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573383537150312","idStr":"3573383537150312"},"themes":[],"htmlText":"Setting ambition is easy, excuting is the challenge. Besides that you need to be able to attract the talents.","listText":"Setting ambition is easy, excuting is the challenge. Besides that you need to be able to attract the talents.","text":"Setting ambition is easy, excuting is the challenge. Besides that you need to be able to attract the talents.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/607813839","repostId":"1151124723","repostType":4,"isVote":1,"tweetType":1,"viewCount":1265,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":604435659,"gmtCreate":1639437805498,"gmtModify":1639446782893,"author":{"id":"3573383537150312","authorId":"3573383537150312","name":"th0mastan","avatar":"https://static.tigerbbs.com/84d76bcdad50787fa2929139725c46f0","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573383537150312","idStr":"3573383537150312"},"themes":[],"htmlText":"Bcos there Trump is no longer around","listText":"Bcos there Trump is no longer around","text":"Bcos there Trump is no longer around","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/604435659","repostId":"1168940305","repostType":4,"repost":{"id":"1168940305","kind":"news","pubTimestamp":1639402209,"share":"https://www.laohu8.com/m/news/1168940305?lang=zh_CN&edition=full","pubTime":"2021-12-13 21:30","market":"us","language":"en","title":"Elon Musk named Time's 2021 'Person of the Year'<blockquote>埃隆·马斯克(Elon Musk)被《时代》杂志评为2021年“年度人物”</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1168940305","media":"Reuters","summary":"Tesla(TSLA.O)Chief Executive Officer Elon Musk was named Time magazine's 2021 \"Person of the Year\" o","content":"<p>Tesla(TSLA.O)Chief Executive Officer Elon Musk was named Time magazine's 2021 \"Person of the Year\" on Monday.</p><p><blockquote>特斯拉(TSLA.O)首席执行官Elon Musk周一被《时代》杂志评为2021年“年度人物”。</blockquote></p><p> Musk is also the founder and CEO of rocket company SpaceX, and leads brain-chip startup Neuralink and infrastructure firm The Boring Company.</p><p><blockquote>马斯克还是火箭公司SpaceX的创始人兼首席执行官，并领导大脑芯片初创公司Neuralink和基础设施公司The Boring Company。</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>Elon Musk named Time's 2021 'Person of the Year'<blockquote>埃隆·马斯克(Elon Musk)被《时代》杂志评为2021年“年度人物”</blockquote></title>\n<style 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}\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nElon Musk named Time's 2021 'Person of the Year'<blockquote>埃隆·马斯克(Elon Musk)被《时代》杂志评为2021年“年度人物”</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Reuters</strong><span class=\"h-time small\">2021-12-13 21:30</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Tesla(TSLA.O)Chief Executive Officer Elon Musk was named Time magazine's 2021 \"Person of the Year\" on Monday.</p><p><blockquote>特斯拉(TSLA.O)首席执行官Elon Musk周一被《时代》杂志评为2021年“年度人物”。</blockquote></p><p> Musk is also the founder and CEO of rocket company SpaceX, and leads brain-chip startup Neuralink and infrastructure firm The Boring Company.</p><p><blockquote>马斯克还是火箭公司SpaceX的创始人兼首席执行官，并领导大脑芯片初创公司Neuralink和基础设施公司The Boring Company。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.reuters.com/business/elon-musk-named-times-2021-person-year-2021-12-13/\">Reuters</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.reuters.com/business/elon-musk-named-times-2021-person-year-2021-12-13/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1168940305","content_text":"Tesla(TSLA.O)Chief Executive Officer Elon Musk was named Time magazine's 2021 \"Person of the Year\" on Monday.\nMusk is also the founder and CEO of rocket company SpaceX, and leads brain-chip startup Neuralink and infrastructure firm The Boring Company.","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":1404,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":604432011,"gmtCreate":1639437735484,"gmtModify":1639437735732,"author":{"id":"3573383537150312","authorId":"3573383537150312","name":"th0mastan","avatar":"https://static.tigerbbs.com/84d76bcdad50787fa2929139725c46f0","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573383537150312","idStr":"3573383537150312"},"themes":[],"htmlText":"Best time to accumulate more Tesla shares&nbsp;","listText":"Best time to accumulate more Tesla shares&nbsp;","text":"Best time to accumulate more Tesla shares","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/604432011","repostId":"1180533734","repostType":4,"repost":{"id":"1180533734","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":1639407527,"share":"https://www.laohu8.com/m/news/1180533734?lang=zh_CN&edition=full","pubTime":"2021-12-13 22:58","market":"us","language":"en","title":"Tesla slid nearly 4% in morning trading,with its market value falling below $1 trillion again<blockquote>特斯拉早盘跌近4%市值再度跌破1万亿美元</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1180533734","media":"Tiger Newspress","summary":"TeslaChief Executive Officer Elon Musk was named Time magazine's 2021 \"Person of the Year\" on Monday.Musk is also the founder and CEO of rocket company SpaceX, and leads brain-chip startup Neuralink and infrastructure firm The Boring Company.However，Cathie Wood-led Ark Invest on Friday sold more shares in Tesla Inc, continuing to book profit in a stock that remains its largest bet.Ark Invest sold a total of 28,345 shares — estimated to be worth $28.83 million based on Friday’s closing  — in the ","content":"<p>Tesla slid nearly 4% in morning trading,with its market value falling below $1 trillion&nbsp;again.<img src=\"https://static.tigerbbs.com/a28dab52e2d7615de33a3796d912329b\" tg-width=\"770\" tg-height=\"573\" referrerpolicy=\"no-referrer\"></p><p><blockquote>特斯拉早盘下跌近4%，市值再次跌破1万亿美元。</blockquote></p><p> Tesla(TSLA.O)Chief Executive Officer Elon Musk was named Time magazine's 2021 \"Person of the Year\" on Monday.</p><p><blockquote>特斯拉(TSLA.O)首席执行官Elon Musk周一被《时代》杂志评为2021年“年度人物”。</blockquote></p><p> Musk is also the founder and CEO of rocket company SpaceX, and leads brain-chip startup Neuralink and infrastructure firm The Boring Company.</p><p><blockquote>马斯克还是火箭公司SpaceX的创始人兼首席执行官，并领导大脑芯片初创公司Neuralink和基础设施公司The Boring Company。</blockquote></p><p> However，<b>Cathie Wood</b>-led&nbsp;<b>Ark Invest</b>&nbsp;on Friday sold more shares in&nbsp;<b>Tesla Inc</b>, continuing to book profit in a stock that remains its largest bet.</p><p><blockquote>然而，<b>凯西·伍德</b>-led<b>方舟投资</b>周五出售了更多股票<b>特斯拉公司</b>，继续在一只仍然是其最大赌注的股票中获利。</blockquote></p><p> Ark Invest sold a total of 28,345 shares — estimated to be worth $28.83 million based on Friday’s closing&nbsp; — in the electric vehicle maker.</p><p><blockquote>Ark Invest总共出售了这家电动汽车制造商的28,345股股票，根据周五收盘价估计价值2883万美元。</blockquote></p><p> Ark Invest sold the shares via the&nbsp;<b>Ark Innovation ETF</b>&nbsp;and the&nbsp;<b>Ark Autonomous Technology &amp; Robotics ETF</b>(BATS:ARKQ) and also holds the stock via the<b>Ark Next Generation Internet ETF</b>(BATS:ARKW) on Friday.</p><p><blockquote>Ark Invest通过<b>方舟创新ETF</b>和<b>Ark自主技术与机器人ETF</b>（BATS：ARKQ）并通过<b>方舟下一代互联网ETF</b>（蝙蝠：ARKW）周五。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla slid nearly 4% in morning trading,with its market value falling below $1 trillion again<blockquote>特斯拉早盘跌近4%市值再度跌破1万亿美元</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla slid nearly 4% in morning trading,with its market value falling below $1 trillion again<blockquote>特斯拉早盘跌近4%市值再度跌破1万亿美元</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-12-13 22:58</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Tesla slid nearly 4% in morning trading,with its market value falling below $1 trillion&nbsp;again.<img src=\"https://static.tigerbbs.com/a28dab52e2d7615de33a3796d912329b\" tg-width=\"770\" tg-height=\"573\" referrerpolicy=\"no-referrer\"></p><p><blockquote>特斯拉早盘下跌近4%，市值再次跌破1万亿美元。</blockquote></p><p> Tesla(TSLA.O)Chief Executive Officer Elon Musk was named Time magazine's 2021 \"Person of the Year\" on Monday.</p><p><blockquote>特斯拉(TSLA.O)首席执行官Elon Musk周一被《时代》杂志评为2021年“年度人物”。</blockquote></p><p> Musk is also the founder and CEO of rocket company SpaceX, and leads brain-chip startup Neuralink and infrastructure firm The Boring Company.</p><p><blockquote>马斯克还是火箭公司SpaceX的创始人兼首席执行官，并领导大脑芯片初创公司Neuralink和基础设施公司The Boring Company。</blockquote></p><p> However，<b>Cathie Wood</b>-led&nbsp;<b>Ark Invest</b>&nbsp;on Friday sold more shares in&nbsp;<b>Tesla Inc</b>, continuing to book profit in a stock that remains its largest bet.</p><p><blockquote>然而，<b>凯西·伍德</b>-led<b>方舟投资</b>周五出售了更多股票<b>特斯拉公司</b>，继续在一只仍然是其最大赌注的股票中获利。</blockquote></p><p> Ark Invest sold a total of 28,345 shares — estimated to be worth $28.83 million based on Friday’s closing&nbsp; — in the electric vehicle maker.</p><p><blockquote>Ark Invest总共出售了这家电动汽车制造商的28,345股股票，根据周五收盘价估计价值2883万美元。</blockquote></p><p> Ark Invest sold the shares via the&nbsp;<b>Ark Innovation ETF</b>&nbsp;and the&nbsp;<b>Ark Autonomous Technology &amp; Robotics ETF</b>(BATS:ARKQ) and also holds the stock via the<b>Ark Next Generation Internet ETF</b>(BATS:ARKW) on Friday.</p><p><blockquote>Ark Invest通过<b>方舟创新ETF</b>和<b>Ark自主技术与机器人ETF</b>（BATS：ARKQ）并通过<b>方舟下一代互联网ETF</b>（蝙蝠：ARKW）周五。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1180533734","content_text":"Tesla slid nearly 4% in morning trading,with its market value falling below $1 trillion again.\nTesla(TSLA.O)Chief Executive Officer Elon Musk was named Time magazine's 2021 \"Person of the Year\" on Monday.\nMusk is also the founder and CEO of rocket company SpaceX, and leads brain-chip startup Neuralink and infrastructure firm The Boring Company.\nHowever，Cathie Wood-led Ark Invest on Friday sold more shares in Tesla Inc, continuing to book profit in a stock that remains its largest bet.\nArk Invest sold a total of 28,345 shares — estimated to be worth $28.83 million based on Friday’s closing  — in the electric vehicle maker.\nArk Invest sold the shares via the Ark Innovation ETF and the Ark Autonomous Technology & Robotics ETF(BATS:ARKQ) and also holds the stock via theArk Next Generation Internet ETF(BATS:ARKW) on Friday.","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":1448,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":604659619,"gmtCreate":1639391239623,"gmtModify":1639391495449,"author":{"id":"3573383537150312","authorId":"3573383537150312","name":"th0mastan","avatar":"https://static.tigerbbs.com/84d76bcdad50787fa2929139725c46f0","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573383537150312","idStr":"3573383537150312"},"themes":[],"htmlText":"Hope to see how it pans out","listText":"Hope to see how it pans out","text":"Hope to see how it pans out","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/604659619","repostId":"1135293840","repostType":4,"isVote":1,"tweetType":1,"viewCount":1405,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":605505548,"gmtCreate":1639186916575,"gmtModify":1639186916795,"author":{"id":"3573383537150312","authorId":"3573383537150312","name":"th0mastan","avatar":"https://static.tigerbbs.com/84d76bcdad50787fa2929139725c46f0","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573383537150312","idStr":"3573383537150312"},"themes":[],"htmlText":"🚀🌝","listText":"🚀🌝","text":"🚀🌝","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/605505548","repostId":"1165282830","repostType":4,"repost":{"id":"1165282830","kind":"news","pubTimestamp":1639148461,"share":"https://www.laohu8.com/m/news/1165282830?lang=zh_CN&edition=full","pubTime":"2021-12-10 23:01","market":"us","language":"en","title":"Tesla stops taking Model S and Model X orders outside North America<blockquote>特斯拉停止接受北美以外地区Model S和Model X订单</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1165282830","media":"Electrek","summary":"Tesla announced to potential buyers today that it stopped taking new Model S and Model X orders outs","content":"<p>Tesla announced to potential buyers today that it stopped taking new Model S and Model X orders outside North America.</p><p><blockquote>特斯拉今天向潜在买家宣布，停止接受北美以外的新Model S和Model X订单。</blockquote></p><p> It now expects deliveries in other markets to start during the second half of 2022.</p><p><blockquote>目前预计其他市场的交付将于2022年下半年开始。</blockquote></p><p> The news comes from an email that Tesla started sending out to people who have Model S and Model X vehicles on order in Europe.</p><p><blockquote>该消息来自特斯拉开始向在欧洲订购Model S和Model X车辆的人发送的一封电子邮件。</blockquote></p><p> Tesla writes in the email that it is not accepting any new orders (translated from German):</p><p><blockquote>特斯拉在电子邮件中写道，它不接受任何新订单（翻译自德语）：</blockquote></p><p>   In order to expedite the delivery of existing orders, including your Model X order, as much as possible, we are currently no longer accepting new orders for the Model S and Model X from markets outside of North America.  This is in response to Tesla likely having a large backlog of Model S/X orders in Europe and other markets, where there has been no new Model S/X shipment in a year.</p><p><blockquote>为了尽可能加快现有订单（包括您的Model X订单）的交付，我们目前不再接受来自北美以外市场的Model S和Model X的新订单。这是为了应对特斯拉可能在欧洲和其他市场积压了大量Model S/X订单，这些市场已经一年没有新的Model S/X出货。</blockquote></p><p> Tesla shut down Model S and Model X production in January of last year to update the vehicles.</p><p><blockquote>特斯拉于去年1月关闭了Model S和Model X的生产以更新车辆。</blockquote></p><p> During that year, the automaker kept taking new orders, but production was delayed with new Model S starting to slowly come off the assembly line in June and&nbsp;Model X in October.</p><p><blockquote>那一年，该汽车制造商不断接受新订单，但生产被推迟，新款Model S于6月开始慢慢下线，Model X于10月开始下线。</blockquote></p><p> Tesla is still catching up to the backlog in North America while new orders kept coming in from Europe and Asia.</p><p><blockquote>特斯拉仍在追赶北美的积压订单，而新订单不断来自欧洲和亚洲。</blockquote></p><p> In the email, Tesla says that it now aims to deliver the first Model S and Model X in Europe during the second half of next year:</p><p><blockquote>特斯拉在电子邮件中表示，目前的目标是明年下半年在欧洲交付首批Model S和Model X：</blockquote></p><p>   Your Model X is getting closer to delivery. We currently expect shipments outside of North America to begin in the second half of 2022.  This means that Europe would be without Model S and Model X for a year and a half.</p><p><blockquote>你的Model X离交付越来越近了。我们目前预计北美以外的发货将于2022年下半年开始。这意味着欧洲将有一年半的时间没有Model S和Model X。</blockquote></p><p> Here’s the email in full:</p><p><blockquote>以下是电子邮件全文：</blockquote></p><p>   Hello [redacted],    We are contacting you regarding the timing of your Model X order. As we expand production capacity, the launch dates for markets outside of North America have been postponed. We will inform you of the delivery times through your Tesla account when production begins.    Your Model X is getting closer to delivery. We currently expect shipments outside of North America to begin in the second half of 2022.    In order to expedite the delivery of existing orders, including your Model X order, as much as possible, we are currently no longer accepting new orders for the Model S and Model X from markets outside of North America.    The price of your Model X will continue to be the same as it was when you placed your order, unless your vehicle configuration has been changed. To apply your order fee to another model, or to receive a full refund, request a call to speak directly to a Tesla representative.    We apologize for any inconvenience this may cause.    Kind regards,    Your Tesla Team Testa </p><p><blockquote>您好【已编辑】，我们正在就您订购Model X的时间与您联系。随着我们扩大产能，北美以外市场的上市日期已经推迟。当生产开始时，我们将通过您的特斯拉帐户通知您交货时间。你的Model X离交付越来越近了。我们目前预计北美以外的发货将于2022年下半年开始。为了尽可能加快现有订单（包括您的Model X订单）的交付，我们目前不再接受来自北美以外市场的Model S和Model X的新订单。您的Model X的价格将继续与您下订单时相同，除非您的车辆配置发生了变化。要将您的订单费用应用于其他型号，或获得全额退款，请要求看涨期权直接与特斯拉代表联系。对于由此可能造成的任何不便，我们深表歉意。亲切的问候，您的特斯拉团队Testa</blockquote></p><p></p>","source":"lsy1627037122897","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla stops taking Model S and Model X orders outside North America<blockquote>特斯拉停止接受北美以外地区Model S和Model X订单</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla stops taking Model S and Model X orders outside North America<blockquote>特斯拉停止接受北美以外地区Model S和Model X订单</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Electrek</strong><span class=\"h-time small\">2021-12-10 23:01</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Tesla announced to potential buyers today that it stopped taking new Model S and Model X orders outside North America.</p><p><blockquote>特斯拉今天向潜在买家宣布，停止接受北美以外的新Model S和Model X订单。</blockquote></p><p> It now expects deliveries in other markets to start during the second half of 2022.</p><p><blockquote>目前预计其他市场的交付将于2022年下半年开始。</blockquote></p><p> The news comes from an email that Tesla started sending out to people who have Model S and Model X vehicles on order in Europe.</p><p><blockquote>该消息来自特斯拉开始向在欧洲订购Model S和Model X车辆的人发送的一封电子邮件。</blockquote></p><p> Tesla writes in the email that it is not accepting any new orders (translated from German):</p><p><blockquote>特斯拉在电子邮件中写道，它不接受任何新订单（翻译自德语）：</blockquote></p><p>   In order to expedite the delivery of existing orders, including your Model X order, as much as possible, we are currently no longer accepting new orders for the Model S and Model X from markets outside of North America.  This is in response to Tesla likely having a large backlog of Model S/X orders in Europe and other markets, where there has been no new Model S/X shipment in a year.</p><p><blockquote>为了尽可能加快现有订单（包括您的Model X订单）的交付，我们目前不再接受来自北美以外市场的Model S和Model X的新订单。这是为了应对特斯拉可能在欧洲和其他市场积压了大量Model S/X订单，这些市场已经一年没有新的Model S/X出货。</blockquote></p><p> Tesla shut down Model S and Model X production in January of last year to update the vehicles.</p><p><blockquote>特斯拉于去年1月关闭了Model S和Model X的生产以更新车辆。</blockquote></p><p> During that year, the automaker kept taking new orders, but production was delayed with new Model S starting to slowly come off the assembly line in June and&nbsp;Model X in October.</p><p><blockquote>那一年，该汽车制造商不断接受新订单，但生产被推迟，新款Model S于6月开始慢慢下线，Model X于10月开始下线。</blockquote></p><p> Tesla is still catching up to the backlog in North America while new orders kept coming in from Europe and Asia.</p><p><blockquote>特斯拉仍在追赶北美的积压订单，而新订单不断来自欧洲和亚洲。</blockquote></p><p> In the email, Tesla says that it now aims to deliver the first Model S and Model X in Europe during the second half of next year:</p><p><blockquote>特斯拉在电子邮件中表示，目前的目标是明年下半年在欧洲交付首批Model S和Model X：</blockquote></p><p>   Your Model X is getting closer to delivery. We currently expect shipments outside of North America to begin in the second half of 2022.  This means that Europe would be without Model S and Model X for a year and a half.</p><p><blockquote>你的Model X离交付越来越近了。我们目前预计北美以外的发货将于2022年下半年开始。这意味着欧洲将有一年半的时间没有Model S和Model X。</blockquote></p><p> Here’s the email in full:</p><p><blockquote>以下是电子邮件全文：</blockquote></p><p>   Hello [redacted],    We are contacting you regarding the timing of your Model X order. As we expand production capacity, the launch dates for markets outside of North America have been postponed. We will inform you of the delivery times through your Tesla account when production begins.    Your Model X is getting closer to delivery. We currently expect shipments outside of North America to begin in the second half of 2022.    In order to expedite the delivery of existing orders, including your Model X order, as much as possible, we are currently no longer accepting new orders for the Model S and Model X from markets outside of North America.    The price of your Model X will continue to be the same as it was when you placed your order, unless your vehicle configuration has been changed. To apply your order fee to another model, or to receive a full refund, request a call to speak directly to a Tesla representative.    We apologize for any inconvenience this may cause.    Kind regards,    Your Tesla Team Testa </p><p><blockquote>您好【已编辑】，我们正在就您订购Model X的时间与您联系。随着我们扩大产能，北美以外市场的上市日期已经推迟。当生产开始时，我们将通过您的特斯拉帐户通知您交货时间。你的Model X离交付越来越近了。我们目前预计北美以外的发货将于2022年下半年开始。为了尽可能加快现有订单（包括您的Model X订单）的交付，我们目前不再接受来自北美以外市场的Model S和Model X的新订单。您的Model X的价格将继续与您下订单时相同，除非您的车辆配置发生了变化。要将您的订单费用应用于其他型号，或获得全额退款，请要求看涨期权直接与特斯拉代表联系。对于由此可能造成的任何不便，我们深表歉意。亲切的问候，您的特斯拉团队Testa</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://electrek.co/2021/12/10/tesla-stops-taking-model-s-x-orders-outside-north-america/\">Electrek</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":{"TSLA":"特斯拉"},"source_url":"https://electrek.co/2021/12/10/tesla-stops-taking-model-s-x-orders-outside-north-america/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1165282830","content_text":"Tesla announced to potential buyers today that it stopped taking new Model S and Model X orders outside North America.\nIt now expects deliveries in other markets to start during the second half of 2022.\nThe news comes from an email that Tesla started sending out to people who have Model S and Model X vehicles on order in Europe.\nTesla writes in the email that it is not accepting any new orders (translated from German):\n\n In order to expedite the delivery of existing orders, including your Model X order, as much as possible, we are currently no longer accepting new orders for the Model S and Model X from markets outside of North America.\n\nThis is in response to Tesla likely having a large backlog of Model S/X orders in Europe and other markets, where there has been no new Model S/X shipment in a year.\nTesla shut down Model S and Model X production in January of last year to update the vehicles.\nDuring that year, the automaker kept taking new orders, but production was delayed with new Model S starting to slowly come off the assembly line in June and Model X in October.\nTesla is still catching up to the backlog in North America while new orders kept coming in from Europe and Asia.\nIn the email, Tesla says that it now aims to deliver the first Model S and Model X in Europe during the second half of next year:\n\n Your Model X is getting closer to delivery. We currently expect shipments outside of North America to begin in the second half of 2022.\n\nThis means that Europe would be without Model S and Model X for a year and a half.\nHere’s the email in full:\n\n Hello [redacted],\n\n\n We are contacting you regarding the timing of your Model X order. As we expand production capacity, the launch dates for markets outside of North America have been postponed. We will inform you of the delivery times through your Tesla account when production begins.\n\n\n Your Model X is getting closer to delivery. We currently expect shipments outside of North America to begin in the second half of 2022.\n\n\n In order to expedite the delivery of existing orders, including your Model X order, as much as possible, we are currently no longer accepting new orders for the Model S and Model X from markets outside of North America.\n\n\n The price of your Model X will continue to be the same as it was when you placed your order, unless your vehicle configuration has been changed. To apply your order fee to another model, or to receive a full refund, request a call to speak directly to a Tesla representative.\n\n\n We apologize for any inconvenience this may cause.\n\n\n Kind regards,\n\n\n Your Tesla Team Testa","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":1478,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":605624734,"gmtCreate":1639156067352,"gmtModify":1639156073078,"author":{"id":"3573383537150312","authorId":"3573383537150312","name":"th0mastan","avatar":"https://static.tigerbbs.com/84d76bcdad50787fa2929139725c46f0","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573383537150312","idStr":"3573383537150312"},"themes":[],"htmlText":"Nothing has changed about the business, e-commerce has been growing especially during the singles and 12 12 sales!","listText":"Nothing has changed about the business, e-commerce has been growing especially during the singles and 12 12 sales!","text":"Nothing has changed about the business, e-commerce has been growing especially during the singles and 12 12 sales!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/605624734","repostId":"1133027099","repostType":4,"repost":{"id":"1133027099","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":1639152670,"share":"https://www.laohu8.com/m/news/1133027099?lang=zh_CN&edition=full","pubTime":"2021-12-11 00:11","market":"us","language":"en","title":"Sea Ltd stock dropped more than 5% in morning trading<blockquote>Sea Ltd股价早盘下跌超过5%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1133027099","media":"Tiger Newspress","summary":"Sea Ltd stock dropped more than 5% in morning trading.","content":"<p>Sea Ltd stock dropped more than 5% in morning trading.</p><p><blockquote>Sea Ltd股价早盘下跌超过5%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/f6295277426435ac2c7135ba73dfbdef\" tg-width=\"840\" tg-height=\"470\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sea Ltd stock dropped more than 5% in morning trading<blockquote>Sea Ltd股价早盘下跌超过5%</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\">\nSea Ltd stock dropped more than 5% in morning trading<blockquote>Sea Ltd股价早盘下跌超过5%</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-12-11 00:11</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Sea Ltd stock dropped more than 5% in morning trading.</p><p><blockquote>Sea Ltd股价早盘下跌超过5%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/f6295277426435ac2c7135ba73dfbdef\" tg-width=\"840\" tg-height=\"470\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SE":"Sea Ltd"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1133027099","content_text":"Sea Ltd stock dropped more than 5% in morning trading.","news_type":1,"symbols_score_info":{"SE":0.9}},"isVote":1,"tweetType":1,"viewCount":1236,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":850079429,"gmtCreate":1634540970949,"gmtModify":1634541037270,"author":{"id":"3573383537150312","authorId":"3573383537150312","name":"th0mastan","avatar":"https://static.tigerbbs.com/84d76bcdad50787fa2929139725c46f0","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573383537150312","idStr":"3573383537150312"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/02318\">$PING AN(02318)$</a>Great company at affordable price","listText":"<a href=\"https://laohu8.com/S/02318\">$PING AN(02318)$</a>Great company at affordable price","text":"$PING AN(02318)$Great company at affordable price","images":[{"img":"https://static.tigerbbs.com/a6a16d1ffff5cddae3b40325da2e216b","width":"1125","height":"2479"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/850079429","isVote":1,"tweetType":1,"viewCount":1377,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":821341564,"gmtCreate":1633701661209,"gmtModify":1633701661585,"author":{"id":"3573383537150312","authorId":"3573383537150312","name":"th0mastan","avatar":"https://static.tigerbbs.com/84d76bcdad50787fa2929139725c46f0","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573383537150312","idStr":"3573383537150312"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/CRM\">$Salesforce.com(CRM)$</a>Well supported&nbsp;","listText":"<a href=\"https://laohu8.com/S/CRM\">$Salesforce.com(CRM)$</a>Well supported&nbsp;","text":"$Salesforce.com(CRM)$Well supported","images":[{"img":"https://static.tigerbbs.com/cd0431469e2638af51422d1c7d8b66e0","width":"1125","height":"2196"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/821341564","isVote":1,"tweetType":1,"viewCount":791,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0}],"hots":[{"id":699249387,"gmtCreate":1639821575206,"gmtModify":1639824719540,"author":{"id":"3573383537150312","authorId":"3573383537150312","name":"th0mastan","avatar":"https://static.tigerbbs.com/84d76bcdad50787fa2929139725c46f0","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573383537150312","idStr":"3573383537150312"},"themes":[],"htmlText":"Looking forward to see <a href=\"https://laohu8.com/S/SE\">$Sea Ltd(SE)$</a>excite and scale in the new markets, especially inLatin America. Somehow Shopee has alwaysbeen adopting a non-traditional form of advertising strategy by coming up with catchy theme songs, somehow it seems to work. Hope it continues the growth&nbsp;","listText":"Looking forward to see <a href=\"https://laohu8.com/S/SE\">$Sea Ltd(SE)$</a>excite and scale in the new markets, especially inLatin America. Somehow Shopee has alwaysbeen adopting a non-traditional form of advertising strategy by coming up with catchy theme songs, somehow it seems to work. Hope it continues the growth&nbsp;","text":"Looking forward to see $Sea Ltd(SE)$excite and scale in the new markets, especially inLatin America. Somehow Shopee has alwaysbeen adopting a non-traditional form of advertising strategy by coming up with catchy theme songs, somehow it seems to work. Hope it continues the growth","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":5,"repostSize":0,"link":"https://laohu8.com/post/699249387","repostId":"2192978346","repostType":4,"isVote":1,"tweetType":1,"viewCount":5051,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"9000000000000724","authorId":"9000000000000724","name":"AgathaHume","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"9000000000000724","idStr":"9000000000000724"},"content":"hhh this is really surprising. I think we can still buy now","text":"hhh this is really surprising. I think we can still buy now","html":"hhh this is really surprising. I think we can still buy now"}],"imageCount":0,"langContent":"CN","totalScore":0},{"id":158530837,"gmtCreate":1625154478429,"gmtModify":1633944160797,"author":{"id":"3573383537150312","authorId":"3573383537150312","name":"th0mastan","avatar":"https://static.tigerbbs.com/84d76bcdad50787fa2929139725c46f0","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573383537150312","idStr":"3573383537150312"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/NIO\">$NIO Inc.(NIO)$</a>Likely Nio would emerge arethe champion among all the Chinese EVs&nbsp;","listText":"<a href=\"https://laohu8.com/S/NIO\">$NIO Inc.(NIO)$</a>Likely Nio would emerge arethe champion among all the Chinese EVs&nbsp;","text":"$NIO Inc.(NIO)$Likely Nio would emerge arethe champion among all the Chinese EVs","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/158530837","repostId":"1131141642","repostType":4,"repost":{"id":"1131141642","kind":"news","pubTimestamp":1625150313,"share":"https://www.laohu8.com/m/news/1131141642?lang=zh_CN&edition=full","pubTime":"2021-07-01 22:38","market":"sh","language":"en","title":"NIO Vs BYD Auto: Which EV Stock Is A Good Buy?<blockquote>蔚来Vs比亚迪汽车：哪只电动汽车股票值得买入？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1131141642","media":"seekingalpha","summary":"China is a leading EV market, and it looks like Chinese players will have it easier in their home market compared to foreign companies.Both NIO and BYD have attractive offerings on the market and employ strategies that differentiate them from competitors.NIO is the higher-growth pick, while BYD is the better value play. Both could be attractive picks for the long run.That is about half as much as the gains experienced by NIO, but slightly more than the gains experienced by Tesla. Overall, a 300%","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>China is a leading EV market, and it looks like Chinese players will have it easier in their home market compared to foreign companies.</li>  <li>Both NIO and BYD have attractive offerings on the market and employ strategies that differentiate them from competitors.</li>  <li>NIO is the higher-growth pick, while BYD is the better value play. Both could be attractive picks for the long run.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/85f5123d1a2c682db80316343dba1e5b\" tg-width=\"1536\" tg-height=\"1025\" referrerpolicy=\"no-referrer\"><span>baona/iStock via Getty Images</span></p><p><blockquote><ul><li>中国是领先的电动汽车市场，与外国公司相比，中国企业在国内市场的日子似乎会更轻松。</li><li>蔚来和比亚迪在市场上都有有吸引力的产品，并采用了使其与竞争对手区分开来的策略。</li><li>蔚来是增长较高的选择，而比亚迪是价值较高的选择。从长远来看，两者都可能是有吸引力的选择。</li></ul><p class=\"t-img-caption\"><span>baona/iStock来自Getty Images</span></p></blockquote></p><p> <b>Article Thesis</b></p><p><blockquote><b>文章论文</b></blockquote></p><p> EV stocks have been strong performers in 2020 on the back of strong market growth and helpful government policies. China has turned into one of the most important markets for electric vehicles, and since the Chinese government is oftentimes accommodating to Chinese companies, it makes sense to look among Chinese EV players for exposure to this high-growth market. Both BYD Company(OTCPK:BYDDY)(OTCPK:BYDDF)and NIO Inc.(NYSE:NIO)fit that description, and they both generate compelling growth and are on a strong trajectory. They differ, however, when it comes to the strategies they utilize in order to fuel growth, and there are differences in the respective valuation as well. Depending on your investment approach, you may either favor BYD or NIO.</p><p><blockquote>在强劲的市场增长和有益的政府政策的支持下，电动汽车股票在2020年表现强劲。中国已成为电动汽车最重要的市场之一，由于中国政府经常迁就中国公司，因此在中国电动汽车企业中寻找进入这个高增长市场的机会是有意义的。比亚迪公司（OTCPK：BYDDY）（OTCPK：BYDDF）和蔚来（纽约证券交易所股票代码：蔚来）都符合这一描述，它们都产生了引人注目的增长，并且正走在强劲的轨道上。然而，当谈到他们用来推动增长的策略时，他们是不同的，而且各自的估值也存在差异。根据您的投资方式，您可能会青睐比亚迪或蔚来。</blockquote></p><p> <b>NIO Stock Price</b></p><p><blockquote><b>蔚来股价</b></blockquote></p><p> NIO saw its shares rally massively over the last year, as they delivered gains of 600% in just twelve months:</p><p><blockquote>蔚来的股价在去年大幅上涨，短短12个月内就上涨了600%：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f8bdb6f898b23023b1240e557370891c\" tg-width=\"635\" tg-height=\"417\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> This was easily more than what the broad market generated, and also outperformed peers such as Tesla(NASDAQ:TSLA), which gained about 240% over the same time frame. It should, however, be noted that NIO experienced a steep selloff in spring 2021, as its shares declined by close to 50% between January and May, before starting to climb again in recent weeks. When we take a look at current analyst price targets, NIO has an upside of around 20%, as analysts have a target price of $60, versus a current share price of $50.</p><p><blockquote>这轻松超过了大盘的表现，也跑赢了特斯拉（纳斯达克：TSLA）等同行，后者同期上涨了约240%。然而，应该指出的是，蔚来在2021年春季经历了大幅抛售，其股价在1月至5月期间下跌了近50%，然后在最近几周再次开始攀升。当我们看一下当前分析师的目标价时，蔚来的上涨空间约为20%，因为分析师的目标价为60美元，而当前股价为50美元。</blockquote></p><p> When looking at NIO's valuation, we can't really use an earnings multiple here, as NIO is not yet profitable. It is pretty clear, however, that NIO, with a market capitalization of $81 billion, is priced for a lot of future growth -- which holds true for other EV pureplays as well. For reference, that is a higher market capitalization than that of many legacy auto companies, including Ford(NYSE:F)and BMW(OTCPK:BMWYY), which indicates that NIO may be aggressively valued right here, considering that it sells way fewer cars than these two companies.</p><p><blockquote>在考虑蔚来的估值时，我们不能在这里真正使用市盈率，因为蔚来尚未盈利。然而，很明显，市值为810亿美元的蔚来有望实现未来的大幅增长——这也适用于其他纯电动汽车公司。作为参考，这比包括福特(NYSE：F)和宝马(OTCPK：BMWYY)在内的许多传统汽车公司的市值都要高，这表明蔚来的估值可能很高，因为它的销量要少得多。汽车比这两家公司。</blockquote></p><p> <b>BYDDY Stock Price</b></p><p><blockquote><b>比亚迪股价</b></blockquote></p><p> BYD Company has, like other EV players, benefitted a lot from growing EV enthusiasm over the last year, as its shares rose by 300% in twelve months:</p><p><blockquote>与其他电动汽车企业一样，比亚迪公司去年从电动汽车热情的高涨中受益匪浅，其股价在12个月内上涨了300%：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2d77e1b86412ba77229dd4779269265a\" tg-width=\"635\" tg-height=\"417\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> That is about half as much as the gains experienced by NIO, but slightly more than the gains experienced by Tesla. Overall, a 300% gain in one year is, of course, outstanding -- and investors should not expect this to repeat in future years. Like NIO, BYD has experienced a steep selloff in spring, but BYD has also recovered most of that in recent weeks. Unlike NIO, BYD is profitable already, although only marginally. Shares are trading for around 130x trailing earnings today, which isn't a low valuation at all, but which compares favorably to the valuations some other EV stocks are trading at, such as Tesla, which trades for more than 600x trailing net profits.</p><p><blockquote>这大约是蔚来收益的一半，但略高于特斯拉的收益。总体而言，一年内300%的涨幅当然是出色的——投资者不应期望这种情况在未来几年会重演。与蔚来一样，比亚迪在春季也经历了大幅抛售，但比亚迪在最近几周也恢复了大部分抛售。与蔚来不同，比亚迪已经实现盈利，尽管只是小幅盈利。目前，该股的交易价格约为往绩市盈率的130倍，这一点也不低，但与其他一些电动汽车股票的交易估值相比，这是有利的，例如特斯拉，其往绩净利润的600倍以上。</blockquote></p><p> <b>NIO Vs BYD Auto: Which Is The Better EV Stock?</b></p><p><blockquote><b>蔚来与比亚迪汽车：电动汽车股票哪个更好？</b></blockquote></p><p> The EV segment of the global automobile industry experiences rapid growth, and that naturally makes EV stocks attractive as growth investments. It should, however, be noted that valuations should always be considered when investing, and depending on the price one pays for a growth investment, it may take quite some time to see gains. Investors that chased high-growth tech stocks during the dot.com bubble, for example, had to wait years for their investments to pay off if they bought at the highs. All the growth in the EV space may thus be for naught if investors chase stocks and pay a price that is too high.</p><p><blockquote>全球汽车行业的电动汽车领域正在经历快速增长，这自然使得电动汽车股票作为成长型投资具有吸引力。然而，应该指出的是，投资时应始终考虑估值，根据一个人为成长型投资支付的价格，可能需要相当长的时间才能看到收益。例如，在互联网泡沫期间追逐高增长科技股的投资者，如果在高点买入，则必须等待数年才能获得投资回报。因此，如果投资者追逐股票并支付过高的价格，电动汽车领域的所有增长可能都将化为乌有。</blockquote></p><p> On top of that, the global automobile industry is, generally speaking, competitive, capital intensive, cyclical, and margins for most players are relatively low. That being said, the large growth runway for EVs means that quality EV companies will likely see their revenues and profits grow at a strong pace for many years, and thus a long-term oriented investor may still be intrigued by these stocks.</p><p><blockquote>最重要的是，一般来说，全球汽车行业竞争激烈、资本密集型、周期性，大多数参与者的利润率相对较低。话虽如此，电动汽车的巨大增长跑道意味着优质电动汽车公司的收入和利润可能会在许多年内强劲增长，因此长期投资者可能仍然对这些股票感兴趣。</blockquote></p><p></p><p> NIO and BYD are employing different strategies when it comes to the EV market, and both of those strategies have merit, I believe. NIO is focused on higher-end, quality passenger EVs that are primarily sold in China, although NIO is also entering the European car market this summer. The company offers a range of different models, from sports cars to SUVs. Due to strong built quality and the usage of high-end materials, NIO cars are seen as premium products worthy of a high price in China. NIO has, despite its relatively young history, managed to build a strong brand in its home market already, which positions the company well for future success in the Chinese EV space.</p><p><blockquote>蔚来和比亚迪在电动汽车市场采用了不同的策略，我相信这两种策略都有优点。蔚来专注于主要在中国销售的高端、优质乘用电动汽车，尽管蔚来也将于今年夏天进入欧洲汽车市场。该公司提供一系列不同的车型，从跑车到SUV。由于强大的制造质量和高端材料的使用，蔚来汽车在国内被视为值得高价的优质产品。尽管蔚来的历史相对年轻，但它已经成功地在国内市场建立了一个强大的品牌，这为该公司未来在中国电动汽车领域的成功奠定了良好的基础。</blockquote></p><p> NIO also offers a unique Battery-as-a-Service product that allows customers to swap batteries at NIO's battery-swapping stations. This reduces the time to recharge to a couple of minutes, which compares very favorably to the significantly longer charging times of other EV models. For those that are reluctant to buy an EV because they worry about a lot of downtime, NIO's cars could thus be an EV offering that they might still consider. I see this USP as a potential long-term growth driver for NIO that should help the company gain market share in this highly competitive market. It should, however, be noted that building out these battery-swapping stations in all relevant markets will cost a lot of money, thus capital expenditures for NIO will likely be higher than those of other EV players. NIO delivered&nbsp;500%+&nbsp;revenue growth in Q1 and will deliver strong revenue growth going forward, too:</p><p><blockquote>蔚来还提供独特的电池即服务产品，允许客户在蔚来的电池交换站更换电池。这将充电时间减少到几分钟，与其他电动汽车车型明显更长的充电时间相比非常有利。对于那些因为担心大量停机而不愿购买电动汽车的人来说，蔚来的汽车可能仍然是他们可能会考虑的电动汽车产品。我认为这一USP是蔚来潜在的长期增长动力，应该有助于该公司在这个竞争激烈的市场中获得市场份额。然而，应该指出的是，在所有相关市场建设这些电池交换站将花费大量资金，因此蔚来的资本支出可能会高于其他电动汽车公司。蔚来第一季度收入增长500%以上，未来也将实现强劲的收入增长：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cef4405a87e449cbbef819ea69e868d1\" tg-width=\"635\" tg-height=\"467\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> Current consensus estimates call for a 125% revenue increase this year, while revenues will grow by 63% next year and by 47% in 2023. This represents strong growth and is significantly more than what analysts expect from the current market leader Tesla, although it should be noted that NIO is growing from a smaller base.</p><p><blockquote>目前的共识预计看涨期权今年的收入将增长125%，而明年的收入将增长63%，2023年将增长47%。这代表着强劲的增长，大大超过了分析师对当前市场领导者特斯拉的预期，尽管应该指出的是，蔚来的增长基础较小。</blockquote></p><p> BYD is a lesser-known Chinese EV player that is nevertheless pursuing an attractive strategy as well. BYD is not focused on higher-end passenger vehicles alone, but instead is offering a wide range of commercial EVs on top of that. Its offerings include electricity-powered trucks and electricity-powered busses, for example, which have a lot of potential over the coming years. Getting rid of diesel-powered busses could lead to better air quality in dense cities, and due to low average speeds and low average distances that are driven by busses, range is not too much of a concern. BYD is also offering other electric technologies, however, including a monorail system called Skyrail that is being built in China, but also in overseas markets such as Brazil.</p><p><blockquote>比亚迪是一家鲜为人知的中国电动汽车公司，但它也在追求一项有吸引力的战略。比亚迪不仅专注于高端乘用车，还在此基础上提供各种商用电动汽车。例如，其产品包括电动卡车和电动公共汽车，这些产品在未来几年具有很大的潜力。摆脱柴油动力公交车可能会改善人口稠密城市的空气质量，而且由于公交车行驶的平均速度和平均距离较低，续航里程并不是太大的问题。然而，比亚迪还提供其他电动技术，包括正在中国建造的名为Skyrail的单轨系统，但也在巴西等海外市场建造。</blockquote></p><p> BYD also is a major battery manufacturer, which naturally gives BYD exposure to the EV space as a whole. Even when other manufacturers are selling EVs, they oftentimes are not producing their own batteries, but instead they buy those from companies such as BYD. BYD can thus, unlike many other EV companies, also profit from the growth of its competitors. This is especially great since it is not yet known which EV company will ultimately lead the market a decade or two from now -- but it is guaranteed that the market leader will need batteries to manufacture its vehicles.</p><p><blockquote>比亚迪也是一家主要的电池制造商，这自然让比亚迪接触到了整个电动汽车领域。即使其他制造商销售电动汽车，他们也经常不生产自己的电池，而是从比亚迪等公司购买电池。因此，与许多其他电动汽车公司不同，比亚迪也可以从竞争对手的增长中获利。这一点尤其重要，因为目前尚不清楚哪家电动汽车公司将在十年或二十年后最终引领市场，但可以肯定的是，市场领导者将需要电池来制造其车辆。</blockquote></p><p> BYD does, however, also produce its own passenger EVs (hybrids and BEVs), which means that it is not solely a supplier. Its Han model has been&nbsp;quite successful&nbsp;in its home market, making BYD a lesser-known but pretty successful contender for EV market share. Unlike NIO, BYD is profitable already, and its valuation seems to be one of the lowest in the EV space. This is, I believe, at least partially the result of an understaffed investor relations department. Contrasting how much information (in English) is available on NIO with how much information English-speaking investors can get on BYD shows a wide discrepancy, which likely explains why NIO is followed more widely -- despite being the smaller company. BYD generated revenue of $22 billion in 2020, and that amount is forecasted to grow to $29 billion this year, and to $34 billion in 2022. BYD is thus forecasted to grow at a rate that is somewhat slower than NIO's growth rate, but BYD's forecasted revenue for 2022 is about 4x as high as that of NIO. It thus may come as a surprise that BYD's market capitalization of $100 billion is only slightly higher than that of NIO, despite being a much larger, and more profitable, enterprise. Once again, I believe that this is at least partially caused by the fact that BYD is just not as well-known outside of China, and that many retail investors thus flock to the better-known, more prominent NIO.</p><p><blockquote>然而，比亚迪也生产自己的乘用电动汽车（混合动力汽车和纯电动汽车），这意味着它不仅仅是一家供应商。其汉车型在国内市场相当成功，使比亚迪成为电动汽车市场份额的鲜为人知但相当成功的竞争者。与蔚来不同，比亚迪已经实现盈利，其估值似乎是电动汽车领域最低的之一。我认为，这至少部分是投资者关系部门人手不足的结果。将蔚来上提供的信息（英文）数量与讲英语的投资者可以获得的有关比亚迪的信息数量进行对比，显示出巨大的差异，这可能解释了为什么蔚来受到更广泛的关注——尽管它是一家规模较小的公司。比亚迪2020年营收为220亿美元，预计今年将增长至290亿美元，2022年将增长至340亿美元。因此，预计比亚迪的增长速度将略慢于蔚来的增长速度，但比亚迪2022年的预测收入约为蔚来的4倍。因此，尽管比亚迪是一家规模更大、利润更高的企业，但其1000亿美元的市值仅略高于蔚来，这可能会令人惊讶。我再次认为，这至少部分是由于比亚迪在中国以外的知名度不高，因此许多散户投资者涌向更知名、更知名的蔚来。</blockquote></p><p> <b>Should You Buy NIO Or BYD Auto</b></p><p><blockquote><b>你应该买蔚来还是比亚迪汽车</b></blockquote></p><p></p><p> As stated earlier, investing in high-growth companies will not automatically lead to steep returns, as valuations play a major role as well. NIO is the higher-growth pick, and its BaaS service and strong brand position it well for future success, I believe. On the other hand, NIO's shares are quite expensive, trading for close to 10x next year's revenue right now. BYD is a lower-growth pick, but its diversified operations across passenger EVs, commercial EVs, and its battery business will likely lead to ample revenue and earnings growth for many years nevertheless. BYD is, as one of just a few EV players profitable already, which naturally is a major plus, and BYD's much lower valuation also makes shares look attractive. Shares trade for ~3x next year's revenue, which does not seem unreasonable, considering that many other EV stocks are trading for 10x revenue or even more. The fact that BYD is backed by Buffett's Berkshire(NYSE:BRK.A)(NYSE:BRK.B)is also a nice-to-have.</p><p><blockquote>如前所述，投资高增长公司不会自动带来丰厚的回报，因为估值也发挥着重要作用。我相信，蔚来是增长较高的选择，其BaaS服务和强大的品牌为其未来的成功奠定了良好的基础。另一方面，蔚来的股价相当昂贵，目前的交易价格接近明年收入的10倍。比亚迪是一个增长较低的选择，但其在乘用电动汽车、商用电动汽车和电池业务方面的多元化业务可能会在许多年内带来充足的收入和盈利增长。比亚迪是少数几家已经盈利的电动汽车公司之一，这自然是一个主要优势，而且比亚迪低得多的估值也使其股价看起来很有吸引力。股票交易价格约为明年收入的3倍，考虑到许多其他电动汽车股票的交易价格为10倍甚至更高，这似乎并非不合理。比亚迪得到巴菲特旗下伯克希尔哈撒韦公司（纽约证券交易所股票代码：BRK.A）（纽约证券交易所股票代码：BRK.B）的支持也是一件好事。</blockquote></p><p> Depending on whether you prioritize growth or value, you may either prefer NIO or BYD -- both companies seem like picks with ample long-term potential, although neither are guaranteed winners, which is why don't rate either a screaming buy.</p><p><blockquote>根据您优先考虑增长还是价值，您可能更喜欢蔚来或比亚迪——这两家公司似乎都是具有充足长期潜力的选择，尽管它们都不是保证的赢家，这就是为什么不要对任何一家进行尖叫买入评级。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>NIO Vs BYD Auto: Which EV Stock Is A Good Buy?<blockquote>蔚来Vs比亚迪汽车：哪只电动汽车股票值得买入？</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNIO Vs BYD Auto: Which EV Stock Is A Good Buy?<blockquote>蔚来Vs比亚迪汽车：哪只电动汽车股票值得买入？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">seekingalpha</strong><span class=\"h-time small\">2021-07-01 22:38</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>China is a leading EV market, and it looks like Chinese players will have it easier in their home market compared to foreign companies.</li>  <li>Both NIO and BYD have attractive offerings on the market and employ strategies that differentiate them from competitors.</li>  <li>NIO is the higher-growth pick, while BYD is the better value play. Both could be attractive picks for the long run.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/85f5123d1a2c682db80316343dba1e5b\" tg-width=\"1536\" tg-height=\"1025\" referrerpolicy=\"no-referrer\"><span>baona/iStock via Getty Images</span></p><p><blockquote><ul><li>中国是领先的电动汽车市场，与外国公司相比，中国企业在国内市场的日子似乎会更轻松。</li><li>蔚来和比亚迪在市场上都有有吸引力的产品，并采用了使其与竞争对手区分开来的策略。</li><li>蔚来是增长较高的选择，而比亚迪是价值较高的选择。从长远来看，两者都可能是有吸引力的选择。</li></ul><p class=\"t-img-caption\"><span>baona/iStock来自Getty Images</span></p></blockquote></p><p> <b>Article Thesis</b></p><p><blockquote><b>文章论文</b></blockquote></p><p> EV stocks have been strong performers in 2020 on the back of strong market growth and helpful government policies. China has turned into one of the most important markets for electric vehicles, and since the Chinese government is oftentimes accommodating to Chinese companies, it makes sense to look among Chinese EV players for exposure to this high-growth market. Both BYD Company(OTCPK:BYDDY)(OTCPK:BYDDF)and NIO Inc.(NYSE:NIO)fit that description, and they both generate compelling growth and are on a strong trajectory. They differ, however, when it comes to the strategies they utilize in order to fuel growth, and there are differences in the respective valuation as well. Depending on your investment approach, you may either favor BYD or NIO.</p><p><blockquote>在强劲的市场增长和有益的政府政策的支持下，电动汽车股票在2020年表现强劲。中国已成为电动汽车最重要的市场之一，由于中国政府经常迁就中国公司，因此在中国电动汽车企业中寻找进入这个高增长市场的机会是有意义的。比亚迪公司（OTCPK：BYDDY）（OTCPK：BYDDF）和蔚来（纽约证券交易所股票代码：蔚来）都符合这一描述，它们都产生了引人注目的增长，并且正走在强劲的轨道上。然而，当谈到他们用来推动增长的策略时，他们是不同的，而且各自的估值也存在差异。根据您的投资方式，您可能会青睐比亚迪或蔚来。</blockquote></p><p> <b>NIO Stock Price</b></p><p><blockquote><b>蔚来股价</b></blockquote></p><p> NIO saw its shares rally massively over the last year, as they delivered gains of 600% in just twelve months:</p><p><blockquote>蔚来的股价在去年大幅上涨，短短12个月内就上涨了600%：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f8bdb6f898b23023b1240e557370891c\" tg-width=\"635\" tg-height=\"417\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> This was easily more than what the broad market generated, and also outperformed peers such as Tesla(NASDAQ:TSLA), which gained about 240% over the same time frame. It should, however, be noted that NIO experienced a steep selloff in spring 2021, as its shares declined by close to 50% between January and May, before starting to climb again in recent weeks. When we take a look at current analyst price targets, NIO has an upside of around 20%, as analysts have a target price of $60, versus a current share price of $50.</p><p><blockquote>这轻松超过了大盘的表现，也跑赢了特斯拉（纳斯达克：TSLA）等同行，后者同期上涨了约240%。然而，应该指出的是，蔚来在2021年春季经历了大幅抛售，其股价在1月至5月期间下跌了近50%，然后在最近几周再次开始攀升。当我们看一下当前分析师的目标价时，蔚来的上涨空间约为20%，因为分析师的目标价为60美元，而当前股价为50美元。</blockquote></p><p> When looking at NIO's valuation, we can't really use an earnings multiple here, as NIO is not yet profitable. It is pretty clear, however, that NIO, with a market capitalization of $81 billion, is priced for a lot of future growth -- which holds true for other EV pureplays as well. For reference, that is a higher market capitalization than that of many legacy auto companies, including Ford(NYSE:F)and BMW(OTCPK:BMWYY), which indicates that NIO may be aggressively valued right here, considering that it sells way fewer cars than these two companies.</p><p><blockquote>在考虑蔚来的估值时，我们不能在这里真正使用市盈率，因为蔚来尚未盈利。然而，很明显，市值为810亿美元的蔚来有望实现未来的大幅增长——这也适用于其他纯电动汽车公司。作为参考，这比包括福特(NYSE：F)和宝马(OTCPK：BMWYY)在内的许多传统汽车公司的市值都要高，这表明蔚来的估值可能很高，因为它的销量要少得多。汽车比这两家公司。</blockquote></p><p> <b>BYDDY Stock Price</b></p><p><blockquote><b>比亚迪股价</b></blockquote></p><p> BYD Company has, like other EV players, benefitted a lot from growing EV enthusiasm over the last year, as its shares rose by 300% in twelve months:</p><p><blockquote>与其他电动汽车企业一样，比亚迪公司去年从电动汽车热情的高涨中受益匪浅，其股价在12个月内上涨了300%：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2d77e1b86412ba77229dd4779269265a\" tg-width=\"635\" tg-height=\"417\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> That is about half as much as the gains experienced by NIO, but slightly more than the gains experienced by Tesla. Overall, a 300% gain in one year is, of course, outstanding -- and investors should not expect this to repeat in future years. Like NIO, BYD has experienced a steep selloff in spring, but BYD has also recovered most of that in recent weeks. Unlike NIO, BYD is profitable already, although only marginally. Shares are trading for around 130x trailing earnings today, which isn't a low valuation at all, but which compares favorably to the valuations some other EV stocks are trading at, such as Tesla, which trades for more than 600x trailing net profits.</p><p><blockquote>这大约是蔚来收益的一半，但略高于特斯拉的收益。总体而言，一年内300%的涨幅当然是出色的——投资者不应期望这种情况在未来几年会重演。与蔚来一样，比亚迪在春季也经历了大幅抛售，但比亚迪在最近几周也恢复了大部分抛售。与蔚来不同，比亚迪已经实现盈利，尽管只是小幅盈利。目前，该股的交易价格约为往绩市盈率的130倍，这一点也不低，但与其他一些电动汽车股票的交易估值相比，这是有利的，例如特斯拉，其往绩净利润的600倍以上。</blockquote></p><p> <b>NIO Vs BYD Auto: Which Is The Better EV Stock?</b></p><p><blockquote><b>蔚来与比亚迪汽车：电动汽车股票哪个更好？</b></blockquote></p><p> The EV segment of the global automobile industry experiences rapid growth, and that naturally makes EV stocks attractive as growth investments. It should, however, be noted that valuations should always be considered when investing, and depending on the price one pays for a growth investment, it may take quite some time to see gains. Investors that chased high-growth tech stocks during the dot.com bubble, for example, had to wait years for their investments to pay off if they bought at the highs. All the growth in the EV space may thus be for naught if investors chase stocks and pay a price that is too high.</p><p><blockquote>全球汽车行业的电动汽车领域正在经历快速增长，这自然使得电动汽车股票作为成长型投资具有吸引力。然而，应该指出的是，投资时应始终考虑估值，根据一个人为成长型投资支付的价格，可能需要相当长的时间才能看到收益。例如，在互联网泡沫期间追逐高增长科技股的投资者，如果在高点买入，则必须等待数年才能获得投资回报。因此，如果投资者追逐股票并支付过高的价格，电动汽车领域的所有增长可能都将化为乌有。</blockquote></p><p> On top of that, the global automobile industry is, generally speaking, competitive, capital intensive, cyclical, and margins for most players are relatively low. That being said, the large growth runway for EVs means that quality EV companies will likely see their revenues and profits grow at a strong pace for many years, and thus a long-term oriented investor may still be intrigued by these stocks.</p><p><blockquote>最重要的是，一般来说，全球汽车行业竞争激烈、资本密集型、周期性，大多数参与者的利润率相对较低。话虽如此，电动汽车的巨大增长跑道意味着优质电动汽车公司的收入和利润可能会在许多年内强劲增长，因此长期投资者可能仍然对这些股票感兴趣。</blockquote></p><p></p><p> NIO and BYD are employing different strategies when it comes to the EV market, and both of those strategies have merit, I believe. NIO is focused on higher-end, quality passenger EVs that are primarily sold in China, although NIO is also entering the European car market this summer. The company offers a range of different models, from sports cars to SUVs. Due to strong built quality and the usage of high-end materials, NIO cars are seen as premium products worthy of a high price in China. NIO has, despite its relatively young history, managed to build a strong brand in its home market already, which positions the company well for future success in the Chinese EV space.</p><p><blockquote>蔚来和比亚迪在电动汽车市场采用了不同的策略，我相信这两种策略都有优点。蔚来专注于主要在中国销售的高端、优质乘用电动汽车，尽管蔚来也将于今年夏天进入欧洲汽车市场。该公司提供一系列不同的车型，从跑车到SUV。由于强大的制造质量和高端材料的使用，蔚来汽车在国内被视为值得高价的优质产品。尽管蔚来的历史相对年轻，但它已经成功地在国内市场建立了一个强大的品牌，这为该公司未来在中国电动汽车领域的成功奠定了良好的基础。</blockquote></p><p> NIO also offers a unique Battery-as-a-Service product that allows customers to swap batteries at NIO's battery-swapping stations. This reduces the time to recharge to a couple of minutes, which compares very favorably to the significantly longer charging times of other EV models. For those that are reluctant to buy an EV because they worry about a lot of downtime, NIO's cars could thus be an EV offering that they might still consider. I see this USP as a potential long-term growth driver for NIO that should help the company gain market share in this highly competitive market. It should, however, be noted that building out these battery-swapping stations in all relevant markets will cost a lot of money, thus capital expenditures for NIO will likely be higher than those of other EV players. NIO delivered&nbsp;500%+&nbsp;revenue growth in Q1 and will deliver strong revenue growth going forward, too:</p><p><blockquote>蔚来还提供独特的电池即服务产品，允许客户在蔚来的电池交换站更换电池。这将充电时间减少到几分钟，与其他电动汽车车型明显更长的充电时间相比非常有利。对于那些因为担心大量停机而不愿购买电动汽车的人来说，蔚来的汽车可能仍然是他们可能会考虑的电动汽车产品。我认为这一USP是蔚来潜在的长期增长动力，应该有助于该公司在这个竞争激烈的市场中获得市场份额。然而，应该指出的是，在所有相关市场建设这些电池交换站将花费大量资金，因此蔚来的资本支出可能会高于其他电动汽车公司。蔚来第一季度收入增长500%以上，未来也将实现强劲的收入增长：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cef4405a87e449cbbef819ea69e868d1\" tg-width=\"635\" tg-height=\"467\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> Current consensus estimates call for a 125% revenue increase this year, while revenues will grow by 63% next year and by 47% in 2023. This represents strong growth and is significantly more than what analysts expect from the current market leader Tesla, although it should be noted that NIO is growing from a smaller base.</p><p><blockquote>目前的共识预计看涨期权今年的收入将增长125%，而明年的收入将增长63%，2023年将增长47%。这代表着强劲的增长，大大超过了分析师对当前市场领导者特斯拉的预期，尽管应该指出的是，蔚来的增长基础较小。</blockquote></p><p> BYD is a lesser-known Chinese EV player that is nevertheless pursuing an attractive strategy as well. BYD is not focused on higher-end passenger vehicles alone, but instead is offering a wide range of commercial EVs on top of that. Its offerings include electricity-powered trucks and electricity-powered busses, for example, which have a lot of potential over the coming years. Getting rid of diesel-powered busses could lead to better air quality in dense cities, and due to low average speeds and low average distances that are driven by busses, range is not too much of a concern. BYD is also offering other electric technologies, however, including a monorail system called Skyrail that is being built in China, but also in overseas markets such as Brazil.</p><p><blockquote>比亚迪是一家鲜为人知的中国电动汽车公司，但它也在追求一项有吸引力的战略。比亚迪不仅专注于高端乘用车，还在此基础上提供各种商用电动汽车。例如，其产品包括电动卡车和电动公共汽车，这些产品在未来几年具有很大的潜力。摆脱柴油动力公交车可能会改善人口稠密城市的空气质量，而且由于公交车行驶的平均速度和平均距离较低，续航里程并不是太大的问题。然而，比亚迪还提供其他电动技术，包括正在中国建造的名为Skyrail的单轨系统，但也在巴西等海外市场建造。</blockquote></p><p> BYD also is a major battery manufacturer, which naturally gives BYD exposure to the EV space as a whole. Even when other manufacturers are selling EVs, they oftentimes are not producing their own batteries, but instead they buy those from companies such as BYD. BYD can thus, unlike many other EV companies, also profit from the growth of its competitors. This is especially great since it is not yet known which EV company will ultimately lead the market a decade or two from now -- but it is guaranteed that the market leader will need batteries to manufacture its vehicles.</p><p><blockquote>比亚迪也是一家主要的电池制造商，这自然让比亚迪接触到了整个电动汽车领域。即使其他制造商销售电动汽车，他们也经常不生产自己的电池，而是从比亚迪等公司购买电池。因此，与许多其他电动汽车公司不同，比亚迪也可以从竞争对手的增长中获利。这一点尤其重要，因为目前尚不清楚哪家电动汽车公司将在十年或二十年后最终引领市场，但可以肯定的是，市场领导者将需要电池来制造其车辆。</blockquote></p><p> BYD does, however, also produce its own passenger EVs (hybrids and BEVs), which means that it is not solely a supplier. Its Han model has been&nbsp;quite successful&nbsp;in its home market, making BYD a lesser-known but pretty successful contender for EV market share. Unlike NIO, BYD is profitable already, and its valuation seems to be one of the lowest in the EV space. This is, I believe, at least partially the result of an understaffed investor relations department. Contrasting how much information (in English) is available on NIO with how much information English-speaking investors can get on BYD shows a wide discrepancy, which likely explains why NIO is followed more widely -- despite being the smaller company. BYD generated revenue of $22 billion in 2020, and that amount is forecasted to grow to $29 billion this year, and to $34 billion in 2022. BYD is thus forecasted to grow at a rate that is somewhat slower than NIO's growth rate, but BYD's forecasted revenue for 2022 is about 4x as high as that of NIO. It thus may come as a surprise that BYD's market capitalization of $100 billion is only slightly higher than that of NIO, despite being a much larger, and more profitable, enterprise. Once again, I believe that this is at least partially caused by the fact that BYD is just not as well-known outside of China, and that many retail investors thus flock to the better-known, more prominent NIO.</p><p><blockquote>然而，比亚迪也生产自己的乘用电动汽车（混合动力汽车和纯电动汽车），这意味着它不仅仅是一家供应商。其汉车型在国内市场相当成功，使比亚迪成为电动汽车市场份额的鲜为人知但相当成功的竞争者。与蔚来不同，比亚迪已经实现盈利，其估值似乎是电动汽车领域最低的之一。我认为，这至少部分是投资者关系部门人手不足的结果。将蔚来上提供的信息（英文）数量与讲英语的投资者可以获得的有关比亚迪的信息数量进行对比，显示出巨大的差异，这可能解释了为什么蔚来受到更广泛的关注——尽管它是一家规模较小的公司。比亚迪2020年营收为220亿美元，预计今年将增长至290亿美元，2022年将增长至340亿美元。因此，预计比亚迪的增长速度将略慢于蔚来的增长速度，但比亚迪2022年的预测收入约为蔚来的4倍。因此，尽管比亚迪是一家规模更大、利润更高的企业，但其1000亿美元的市值仅略高于蔚来，这可能会令人惊讶。我再次认为，这至少部分是由于比亚迪在中国以外的知名度不高，因此许多散户投资者涌向更知名、更知名的蔚来。</blockquote></p><p> <b>Should You Buy NIO Or BYD Auto</b></p><p><blockquote><b>你应该买蔚来还是比亚迪汽车</b></blockquote></p><p></p><p> As stated earlier, investing in high-growth companies will not automatically lead to steep returns, as valuations play a major role as well. NIO is the higher-growth pick, and its BaaS service and strong brand position it well for future success, I believe. On the other hand, NIO's shares are quite expensive, trading for close to 10x next year's revenue right now. BYD is a lower-growth pick, but its diversified operations across passenger EVs, commercial EVs, and its battery business will likely lead to ample revenue and earnings growth for many years nevertheless. BYD is, as one of just a few EV players profitable already, which naturally is a major plus, and BYD's much lower valuation also makes shares look attractive. Shares trade for ~3x next year's revenue, which does not seem unreasonable, considering that many other EV stocks are trading for 10x revenue or even more. The fact that BYD is backed by Buffett's Berkshire(NYSE:BRK.A)(NYSE:BRK.B)is also a nice-to-have.</p><p><blockquote>如前所述，投资高增长公司不会自动带来丰厚的回报，因为估值也发挥着重要作用。我相信，蔚来是增长较高的选择，其BaaS服务和强大的品牌为其未来的成功奠定了良好的基础。另一方面，蔚来的股价相当昂贵，目前的交易价格接近明年收入的10倍。比亚迪是一个增长较低的选择，但其在乘用电动汽车、商用电动汽车和电池业务方面的多元化业务可能会在许多年内带来充足的收入和盈利增长。比亚迪是少数几家已经盈利的电动汽车公司之一，这自然是一个主要优势，而且比亚迪低得多的估值也使其股价看起来很有吸引力。股票交易价格约为明年收入的3倍，考虑到许多其他电动汽车股票的交易价格为10倍甚至更高，这似乎并非不合理。比亚迪得到巴菲特旗下伯克希尔哈撒韦公司（纽约证券交易所股票代码：BRK.A）（纽约证券交易所股票代码：BRK.B）的支持也是一件好事。</blockquote></p><p> Depending on whether you prioritize growth or value, you may either prefer NIO or BYD -- both companies seem like picks with ample long-term potential, although neither are guaranteed winners, which is why don't rate either a screaming buy.</p><p><blockquote>根据您优先考虑增长还是价值，您可能更喜欢蔚来或比亚迪——这两家公司似乎都是具有充足长期潜力的选择，尽管它们都不是保证的赢家，这就是为什么不要对任何一家进行尖叫买入评级。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4437449-nio-vs-byd-ev-stock-good-buy\">seekingalpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"002594":"比亚迪","NIO":"蔚来","BYDDY":"比亚迪ADR","01211":"比亚迪股份"},"source_url":"https://seekingalpha.com/article/4437449-nio-vs-byd-ev-stock-good-buy","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1131141642","content_text":"Summary\n\nChina is a leading EV market, and it looks like Chinese players will have it easier in their home market compared to foreign companies.\nBoth NIO and BYD have attractive offerings on the market and employ strategies that differentiate them from competitors.\nNIO is the higher-growth pick, while BYD is the better value play. Both could be attractive picks for the long run.\n\nbaona/iStock via Getty Images\nArticle Thesis\nEV stocks have been strong performers in 2020 on the back of strong market growth and helpful government policies. China has turned into one of the most important markets for electric vehicles, and since the Chinese government is oftentimes accommodating to Chinese companies, it makes sense to look among Chinese EV players for exposure to this high-growth market. Both BYD Company(OTCPK:BYDDY)(OTCPK:BYDDF)and NIO Inc.(NYSE:NIO)fit that description, and they both generate compelling growth and are on a strong trajectory. They differ, however, when it comes to the strategies they utilize in order to fuel growth, and there are differences in the respective valuation as well. Depending on your investment approach, you may either favor BYD or NIO.\nNIO Stock Price\nNIO saw its shares rally massively over the last year, as they delivered gains of 600% in just twelve months:\nData by YCharts\nThis was easily more than what the broad market generated, and also outperformed peers such as Tesla(NASDAQ:TSLA), which gained about 240% over the same time frame. It should, however, be noted that NIO experienced a steep selloff in spring 2021, as its shares declined by close to 50% between January and May, before starting to climb again in recent weeks. When we take a look at current analyst price targets, NIO has an upside of around 20%, as analysts have a target price of $60, versus a current share price of $50.\nWhen looking at NIO's valuation, we can't really use an earnings multiple here, as NIO is not yet profitable. It is pretty clear, however, that NIO, with a market capitalization of $81 billion, is priced for a lot of future growth -- which holds true for other EV pureplays as well. For reference, that is a higher market capitalization than that of many legacy auto companies, including Ford(NYSE:F)and BMW(OTCPK:BMWYY), which indicates that NIO may be aggressively valued right here, considering that it sells way fewer cars than these two companies.\nBYDDY Stock Price\nBYD Company has, like other EV players, benefitted a lot from growing EV enthusiasm over the last year, as its shares rose by 300% in twelve months:\nData by YCharts\nThat is about half as much as the gains experienced by NIO, but slightly more than the gains experienced by Tesla. Overall, a 300% gain in one year is, of course, outstanding -- and investors should not expect this to repeat in future years. Like NIO, BYD has experienced a steep selloff in spring, but BYD has also recovered most of that in recent weeks. Unlike NIO, BYD is profitable already, although only marginally. Shares are trading for around 130x trailing earnings today, which isn't a low valuation at all, but which compares favorably to the valuations some other EV stocks are trading at, such as Tesla, which trades for more than 600x trailing net profits.\nNIO Vs BYD Auto: Which Is The Better EV Stock?\nThe EV segment of the global automobile industry experiences rapid growth, and that naturally makes EV stocks attractive as growth investments. It should, however, be noted that valuations should always be considered when investing, and depending on the price one pays for a growth investment, it may take quite some time to see gains. Investors that chased high-growth tech stocks during the dot.com bubble, for example, had to wait years for their investments to pay off if they bought at the highs. All the growth in the EV space may thus be for naught if investors chase stocks and pay a price that is too high.\nOn top of that, the global automobile industry is, generally speaking, competitive, capital intensive, cyclical, and margins for most players are relatively low. That being said, the large growth runway for EVs means that quality EV companies will likely see their revenues and profits grow at a strong pace for many years, and thus a long-term oriented investor may still be intrigued by these stocks.\nNIO and BYD are employing different strategies when it comes to the EV market, and both of those strategies have merit, I believe. NIO is focused on higher-end, quality passenger EVs that are primarily sold in China, although NIO is also entering the European car market this summer. The company offers a range of different models, from sports cars to SUVs. Due to strong built quality and the usage of high-end materials, NIO cars are seen as premium products worthy of a high price in China. NIO has, despite its relatively young history, managed to build a strong brand in its home market already, which positions the company well for future success in the Chinese EV space.\nNIO also offers a unique Battery-as-a-Service product that allows customers to swap batteries at NIO's battery-swapping stations. This reduces the time to recharge to a couple of minutes, which compares very favorably to the significantly longer charging times of other EV models. For those that are reluctant to buy an EV because they worry about a lot of downtime, NIO's cars could thus be an EV offering that they might still consider. I see this USP as a potential long-term growth driver for NIO that should help the company gain market share in this highly competitive market. It should, however, be noted that building out these battery-swapping stations in all relevant markets will cost a lot of money, thus capital expenditures for NIO will likely be higher than those of other EV players. NIO delivered 500%+ revenue growth in Q1 and will deliver strong revenue growth going forward, too:\nData by YCharts\nCurrent consensus estimates call for a 125% revenue increase this year, while revenues will grow by 63% next year and by 47% in 2023. This represents strong growth and is significantly more than what analysts expect from the current market leader Tesla, although it should be noted that NIO is growing from a smaller base.\nBYD is a lesser-known Chinese EV player that is nevertheless pursuing an attractive strategy as well. BYD is not focused on higher-end passenger vehicles alone, but instead is offering a wide range of commercial EVs on top of that. Its offerings include electricity-powered trucks and electricity-powered busses, for example, which have a lot of potential over the coming years. Getting rid of diesel-powered busses could lead to better air quality in dense cities, and due to low average speeds and low average distances that are driven by busses, range is not too much of a concern. BYD is also offering other electric technologies, however, including a monorail system called Skyrail that is being built in China, but also in overseas markets such as Brazil.\nBYD also is a major battery manufacturer, which naturally gives BYD exposure to the EV space as a whole. Even when other manufacturers are selling EVs, they oftentimes are not producing their own batteries, but instead they buy those from companies such as BYD. BYD can thus, unlike many other EV companies, also profit from the growth of its competitors. This is especially great since it is not yet known which EV company will ultimately lead the market a decade or two from now -- but it is guaranteed that the market leader will need batteries to manufacture its vehicles.\nBYD does, however, also produce its own passenger EVs (hybrids and BEVs), which means that it is not solely a supplier. Its Han model has been quite successful in its home market, making BYD a lesser-known but pretty successful contender for EV market share. Unlike NIO, BYD is profitable already, and its valuation seems to be one of the lowest in the EV space. This is, I believe, at least partially the result of an understaffed investor relations department. Contrasting how much information (in English) is available on NIO with how much information English-speaking investors can get on BYD shows a wide discrepancy, which likely explains why NIO is followed more widely -- despite being the smaller company. BYD generated revenue of $22 billion in 2020, and that amount is forecasted to grow to $29 billion this year, and to $34 billion in 2022. BYD is thus forecasted to grow at a rate that is somewhat slower than NIO's growth rate, but BYD's forecasted revenue for 2022 is about 4x as high as that of NIO. It thus may come as a surprise that BYD's market capitalization of $100 billion is only slightly higher than that of NIO, despite being a much larger, and more profitable, enterprise. Once again, I believe that this is at least partially caused by the fact that BYD is just not as well-known outside of China, and that many retail investors thus flock to the better-known, more prominent NIO.\nShould You Buy NIO Or BYD Auto\nAs stated earlier, investing in high-growth companies will not automatically lead to steep returns, as valuations play a major role as well. NIO is the higher-growth pick, and its BaaS service and strong brand position it well for future success, I believe. On the other hand, NIO's shares are quite expensive, trading for close to 10x next year's revenue right now. BYD is a lower-growth pick, but its diversified operations across passenger EVs, commercial EVs, and its battery business will likely lead to ample revenue and earnings growth for many years nevertheless. BYD is, as one of just a few EV players profitable already, which naturally is a major plus, and BYD's much lower valuation also makes shares look attractive. Shares trade for ~3x next year's revenue, which does not seem unreasonable, considering that many other EV stocks are trading for 10x revenue or even more. The fact that BYD is backed by Buffett's Berkshire(NYSE:BRK.A)(NYSE:BRK.B)is also a nice-to-have.\nDepending on whether you prioritize growth or value, you may either prefer NIO or BYD -- both companies seem like picks with ample long-term potential, although neither are guaranteed winners, which is why don't rate either a screaming buy.","news_type":1,"symbols_score_info":{"BYDDY":0.9,"NIO":0.9,"002594":0.9,"01211":0.9}},"isVote":1,"tweetType":1,"viewCount":1211,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":690382701,"gmtCreate":1639635285664,"gmtModify":1639635342566,"author":{"id":"3573383537150312","authorId":"3573383537150312","name":"th0mastan","avatar":"https://static.tigerbbs.com/84d76bcdad50787fa2929139725c46f0","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573383537150312","idStr":"3573383537150312"},"themes":[],"htmlText":"This is the reason why <a href=\"https://laohu8.com/S/TDOC\">$Teladoc Health Inc.(TDOC)$</a>has corrected so much recently","listText":"This is the reason why <a href=\"https://laohu8.com/S/TDOC\">$Teladoc Health Inc.(TDOC)$</a>has corrected so much recently","text":"This is the reason why $Teladoc Health Inc.(TDOC)$has corrected so much recently","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/690382701","repostId":"1136577431","repostType":4,"isVote":1,"tweetType":1,"viewCount":3669,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":881292799,"gmtCreate":1631339882811,"gmtModify":1631891822522,"author":{"id":"3573383537150312","authorId":"3573383537150312","name":"th0mastan","avatar":"https://static.tigerbbs.com/84d76bcdad50787fa2929139725c46f0","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573383537150312","idStr":"3573383537150312"},"themes":[],"htmlText":"Nvdia is really at the forefront of AI.&nbsp;If the execution by the company goes well, it will pull ahead from its competitors&nbsp;","listText":"Nvdia is really at the forefront of AI.&nbsp;If the execution by the company goes well, it will pull ahead from its competitors&nbsp;","text":"Nvdia is really at the forefront of AI. If the execution by the company goes well, it will pull ahead from its competitors","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/881292799","repostId":"1170700790","repostType":4,"isVote":1,"tweetType":1,"viewCount":415,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":818492982,"gmtCreate":1630423747146,"gmtModify":1631883652209,"author":{"id":"3573383537150312","authorId":"3573383537150312","name":"th0mastan","avatar":"https://static.tigerbbs.com/84d76bcdad50787fa2929139725c46f0","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573383537150312","idStr":"3573383537150312"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/SE\">$SEA LTD(SE)$</a>Hopefully it will make me rich together with the founder","listText":"<a href=\"https://laohu8.com/S/SE\">$SEA LTD(SE)$</a>Hopefully it will make me rich together with the founder","text":"$SEA LTD(SE)$Hopefully it will make me rich together with the founder","images":[{"img":"https://static.tigerbbs.com/26a6e578c59ea694f228347dc3214781","width":"1125","height":"1949"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/818492982","isVote":1,"tweetType":1,"viewCount":668,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":893297398,"gmtCreate":1628263016614,"gmtModify":1633752115328,"author":{"id":"3573383537150312","authorId":"3573383537150312","name":"th0mastan","avatar":"https://static.tigerbbs.com/84d76bcdad50787fa2929139725c46f0","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573383537150312","idStr":"3573383537150312"},"themes":[],"htmlText":"Truly believe that <a href=\"https://laohu8.com/S/NIO\">$NIO Inc.(NIO)$</a>will be theleader for Chinese EV","listText":"Truly believe that <a href=\"https://laohu8.com/S/NIO\">$NIO Inc.(NIO)$</a>will be theleader for Chinese EV","text":"Truly believe that $NIO Inc.(NIO)$will be theleader for Chinese EV","images":[{"img":"https://static.tigerbbs.com/9755ae6c3d8e9fbcc9818987303690b0","width":"1125","height":"2482"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/893297398","isVote":1,"tweetType":1,"viewCount":1186,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":803733056,"gmtCreate":1627462460075,"gmtModify":1633764767859,"author":{"id":"3573383537150312","authorId":"3573383537150312","name":"th0mastan","avatar":"https://static.tigerbbs.com/84d76bcdad50787fa2929139725c46f0","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573383537150312","idStr":"3573383537150312"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/SE\">$SEA LTD(SE)$</a>Waiting to accumulate moreif it corrects further&nbsp;","listText":"<a href=\"https://laohu8.com/S/SE\">$SEA LTD(SE)$</a>Waiting to accumulate moreif it corrects further&nbsp;","text":"$SEA LTD(SE)$Waiting to accumulate moreif it corrects further","images":[{"img":"https://static.tigerbbs.com/3e25c2167c1b60bf433f9377b9d9a9f6","width":"1125","height":"1949"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":1,"link":"https://laohu8.com/post/803733056","isVote":1,"tweetType":1,"viewCount":637,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":893233986,"gmtCreate":1628263274145,"gmtModify":1631883654226,"author":{"id":"3573383537150312","authorId":"3573383537150312","name":"th0mastan","avatar":"https://static.tigerbbs.com/84d76bcdad50787fa2929139725c46f0","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573383537150312","idStr":"3573383537150312"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/SE\">$SEA LTD(SE)$</a>Great bussiness with strongfundamental for long term growth","listText":"<a href=\"https://laohu8.com/S/SE\">$SEA LTD(SE)$</a>Great bussiness with strongfundamental for long term growth","text":"$SEA LTD(SE)$Great bussiness with strongfundamental for long term growth","images":[{"img":"https://static.tigerbbs.com/9b8df03c9564daa765c8db3053ca5326","width":"1125","height":"1949"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/893233986","isVote":1,"tweetType":1,"viewCount":845,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":158598669,"gmtCreate":1625154175551,"gmtModify":1633944164525,"author":{"id":"3573383537150312","authorId":"3573383537150312","name":"th0mastan","avatar":"https://static.tigerbbs.com/84d76bcdad50787fa2929139725c46f0","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573383537150312","idStr":"3573383537150312"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/NVDA\">$NVIDIA Corp(NVDA)$</a>Hit all time high today, would say this is the best performance among the stocks I picked up during the correction few months back","listText":"<a href=\"https://laohu8.com/S/NVDA\">$NVIDIA Corp(NVDA)$</a>Hit all time high today, would say this is the best performance among the stocks I picked up during the correction few months back","text":"$NVIDIA Corp(NVDA)$Hit all time high today, would say this is the best performance among the stocks I picked up during the correction few months back","images":[{"img":"https://static.tigerbbs.com/136d7f4f1c5227ef8bcce7e5e33266a8","width":"1125","height":"1949"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/158598669","isVote":1,"tweetType":1,"viewCount":469,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":139578404,"gmtCreate":1621647549208,"gmtModify":1634187437949,"author":{"id":"3573383537150312","authorId":"3573383537150312","name":"th0mastan","avatar":"https://static.tigerbbs.com/84d76bcdad50787fa2929139725c46f0","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573383537150312","idStr":"3573383537150312"},"themes":[],"htmlText":"Does this mean that the share price will be diluted?","listText":"Does this mean that the share price will be diluted?","text":"Does this mean that the share price will be diluted?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/139578404","repostId":"1104206984","repostType":4,"repost":{"id":"1104206984","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":1621602307,"share":"https://www.laohu8.com/m/news/1104206984?lang=zh_CN&edition=full","pubTime":"2021-05-21 21:05","market":"us","language":"en","title":"Nvidia announces four-for-one stock split<blockquote>英伟达宣布四比一的股票分割</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1104206984","media":"Tiger Newspress","summary":"Nvidia stock surged 4% in premarket trading after Nvidia announcing four-for-one stock split, pending stockholder approval at annual meeting set for june 3.NVIDIA today announced that its board of directors declared a four-for-one split of NVIDIA’s common stock in the form of a stock dividend to make stock ownership more accessible to investors and employees.The stock dividend is conditioned on obtaining stockholder approval at the company’s 2021 Annual Meeting of Stockholders ― to be held virtu","content":"<p>Nvidia&nbsp;stock&nbsp;surged&nbsp;4%&nbsp;in premarket trading&nbsp;after&nbsp;Nvidia announcing four-for-one stock split, pending stockholder approval at annual meeting set for june 3.</p><p><blockquote>英伟达宣布进行四比一的股票分割后，英伟达股价在盘前交易中飙升4%，等待股东在定于6月3日举行的年会上批准。</blockquote></p><p><img src=\"https://static.tigerbbs.com/7ce7f341b06f2a7d0ff51e4ab3cb6f2e\" tg-width=\"1302\" tg-height=\"833\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>NVIDIA today announced that its board of directors declared a four-for-one split of NVIDIA’s common stock in the form of a stock dividend to make stock ownership more accessible to investors and employees.</p><p><blockquote>英伟达今天宣布，其董事会宣布以股票股息的形式将英伟达普通股进行四比一的分割，以使投资者和员工更容易获得股权。</blockquote></p><p>The stock dividend is conditioned on obtaining stockholder approval at the company’s 2021 Annual Meeting of Stockholders ― to be held virtually on Thursday, June 3, at 11 a.m. PT ― to increase the number of authorized shares of common stock to 4 billion shares.</p><p><blockquote>股票股息的条件是在公司2021年年度股东大会（将于太平洋时间6月3日星期四上午11点举行）上获得股东批准，将普通股授权股数增加到40亿股。</blockquote></p><p>If approval is obtained, each NVIDIA stockholder of record at the close of business on June 21, 2021, will receive a dividend of three additional shares of common stock for every share held on the record date, to be distributed after the close of trading on July 19, 2021. Trading is expected to begin on a stock split-adjusted basis on July 20.</p><p><blockquote>如果获得批准，在2021年6月21日营业结束时登记在册的每位NVIDIA股东将获得在登记日持有的每股额外三股普通股的股息，该股息将在交易结束后分配2021年7月19日。预计将于7月20日在股票分割调整后开始交易。</blockquote></p><p><b>About NVIDIA</b></p><p><blockquote><b>关于英伟达</b></blockquote></p><p>NVIDIA’s (NASDAQ: NVDA) invention of the GPU in 1999 sparked the growth of the PC gaming market and has redefined modern computer graphics, high performance computing and artificial intelligence. The company’s pioneering work in accelerated computing and AI is reshaping trillion-dollar industries, such as transportation, healthcare and manufacturing, and fueling the growth of many others.</p><p><blockquote>英伟达（纳斯达克股票代码：NVDA）于1999年发明的GPU引发了PC游戏市场的增长，并重新定义了现代计算机图形、高性能计算和人工智能。该公司在加速计算和人工智能方面的开创性工作正在重塑交通、医疗保健和制造业等价值数万亿美元的行业，并推动许多其他行业的增长。</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>Nvidia announces four-for-one stock split<blockquote>英伟达宣布四比一的股票分割</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNvidia announces four-for-one stock split<blockquote>英伟达宣布四比一的股票分割</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-05-21 21:05</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Nvidia&nbsp;stock&nbsp;surged&nbsp;4%&nbsp;in premarket trading&nbsp;after&nbsp;Nvidia announcing four-for-one stock split, pending stockholder approval at annual meeting set for june 3.</p><p><blockquote>英伟达宣布进行四比一的股票分割后，英伟达股价在盘前交易中飙升4%，等待股东在定于6月3日举行的年会上批准。</blockquote></p><p><img src=\"https://static.tigerbbs.com/7ce7f341b06f2a7d0ff51e4ab3cb6f2e\" tg-width=\"1302\" tg-height=\"833\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>NVIDIA today announced that its board of directors declared a four-for-one split of NVIDIA’s common stock in the form of a stock dividend to make stock ownership more accessible to investors and employees.</p><p><blockquote>英伟达今天宣布，其董事会宣布以股票股息的形式将英伟达普通股进行四比一的分割，以使投资者和员工更容易获得股权。</blockquote></p><p>The stock dividend is conditioned on obtaining stockholder approval at the company’s 2021 Annual Meeting of Stockholders ― to be held virtually on Thursday, June 3, at 11 a.m. PT ― to increase the number of authorized shares of common stock to 4 billion shares.</p><p><blockquote>股票股息的条件是在公司2021年年度股东大会（将于太平洋时间6月3日星期四上午11点举行）上获得股东批准，将普通股授权股数增加到40亿股。</blockquote></p><p>If approval is obtained, each NVIDIA stockholder of record at the close of business on June 21, 2021, will receive a dividend of three additional shares of common stock for every share held on the record date, to be distributed after the close of trading on July 19, 2021. Trading is expected to begin on a stock split-adjusted basis on July 20.</p><p><blockquote>如果获得批准，在2021年6月21日营业结束时登记在册的每位NVIDIA股东将获得在登记日持有的每股额外三股普通股的股息，该股息将在交易结束后分配2021年7月19日。预计将于7月20日在股票分割调整后开始交易。</blockquote></p><p><b>About NVIDIA</b></p><p><blockquote><b>关于英伟达</b></blockquote></p><p>NVIDIA’s (NASDAQ: NVDA) invention of the GPU in 1999 sparked the growth of the PC gaming market and has redefined modern computer graphics, high performance computing and artificial intelligence. The company’s pioneering work in accelerated computing and AI is reshaping trillion-dollar industries, such as transportation, healthcare and manufacturing, and fueling the growth of many others.</p><p><blockquote>英伟达（纳斯达克股票代码：NVDA）于1999年发明的GPU引发了PC游戏市场的增长，并重新定义了现代计算机图形、高性能计算和人工智能。该公司在加速计算和人工智能方面的开创性工作正在重塑交通、医疗保健和制造业等价值数万亿美元的行业，并推动许多其他行业的增长。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NVDA":"英伟达"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1104206984","content_text":"Nvidia stock surged 4% in premarket trading after Nvidia announcing four-for-one stock split, pending stockholder approval at annual meeting set for june 3.NVIDIA today announced that its board of directors declared a four-for-one split of NVIDIA’s common stock in the form of a stock dividend to make stock ownership more accessible to investors and employees.The stock dividend is conditioned on obtaining stockholder approval at the company’s 2021 Annual Meeting of Stockholders ― to be held virtually on Thursday, June 3, at 11 a.m. PT ― to increase the number of authorized shares of common stock to 4 billion shares.If approval is obtained, each NVIDIA stockholder of record at the close of business on June 21, 2021, will receive a dividend of three additional shares of common stock for every share held on the record date, to be distributed after the close of trading on July 19, 2021. Trading is expected to begin on a stock split-adjusted basis on July 20.About NVIDIANVIDIA’s (NASDAQ: NVDA) invention of the GPU in 1999 sparked the growth of the PC gaming market and has redefined modern computer graphics, high performance computing and artificial intelligence. The company’s pioneering work in accelerated computing and AI is reshaping trillion-dollar industries, such as transportation, healthcare and manufacturing, and fueling the growth of many others.","news_type":1,"symbols_score_info":{"NVDA":0.9}},"isVote":1,"tweetType":1,"viewCount":534,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}