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Joanteo
2021-08-01
Ok
Antitrust Activists Want to Go Full Throttle. Here’s a Lesson They Should Consider First<blockquote>反垄断活动人士希望全力以赴。这是他们应该首先考虑的一个教训</blockquote>
Joanteo
2021-07-30
Ok
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Joanteo
2021-07-29
Wow
Why AMD's Stock Is Trading Higher Today<blockquote>为什么AMD的股票今天走高</blockquote>
Joanteo
2021-07-29
Ok
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Joanteo
2021-07-27
😱
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Joanteo
2021-07-27
Ok
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Joanteo
2021-07-27
Wow
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Joanteo
2021-07-27
Ok
Tesla sales surge 98%; company boosts margins on its less-costly electric cars<blockquote>特斯拉销量猛增98%;公司提高了成本较低的电动汽车的利润率</blockquote>
Joanteo
2021-07-27
Wow
Apple Earnings Face High Expectations<blockquote>苹果盈利面临高预期</blockquote>
Joanteo
2021-07-27
Good
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Joanteo
2021-07-26
Ok
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Joanteo
2021-07-26
Ok
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Joanteo
2021-07-24
Good
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Joanteo
2021-07-24
Ok
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Joanteo
2021-07-21
Ok
Stocks That Hit 52-Week Lows On Tuesday<blockquote>周二触及52周低点的股市</blockquote>
Joanteo
2021-07-21
Ok
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Joanteo
2021-07-19
Great
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Joanteo
2021-07-19
Good
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Joanteo
2021-07-19
Good
Wall Street Crime And Punishment: Thomas F. Quinn's Mad, Mad, Mad, Mad World<blockquote>华尔街罪与罚:托马斯·F·奎因的疯狂、疯狂、疯狂、疯狂的世界</blockquote>
Joanteo
2021-07-16
Good
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Here’s a Lesson They Should Consider First<blockquote>反垄断活动人士希望全力以赴。这是他们应该首先考虑的一个教训</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1154216466","media":"Barron's","summary":"About the author: Thomas W. Hazlett is H.H. Macaulay endowed professor of economics at Clemson Unive","content":"<p><i>About the author: Thomas W. Hazlett is H.H. Macaulay endowed professor of economics at Clemson University, and previously served as chief economist of the Federal Communications Commission. His latest book is</i>The Political Spectrum: The Tumultuous Liberation of Wireless Technologies, from Herbert Hoover to the Smartphone.</p><p><blockquote><i>作者简介:托马斯·W·黑兹利特是H.H。麦考利是克莱姆森大学经济学捐赠教授,此前曾担任联邦通信委员会首席经济学家,其最新著作是</i>政治光谱:从赫伯特·胡佛到智能手机,无线技术的混乱解放。</blockquote></p><p> Big Tech is in the antitrust hot seat. But before the Department of Justice tries to break up companies likeGoogleorApple,it should recall the history, and eventual outcome, of theAT&T-Time Warner merger.</p><p><blockquote>大型科技公司陷入反垄断困境。但在司法部试图拆分谷歌或苹果等公司之前,它应该回顾一下美国电话电报公司与时代华纳合并的历史和最终结果。</blockquote></p><p> The DOJ expended extensive time and resources to stop AT&T’s acquisition of Time Warner, marking the department’s first challenge to a major vertical merger in over 40 years. The government was unsuccessful despite its best efforts, which included an appeal to the D.C. Circuit, and time reveals that its concerns were evidently misplaced all along. The merger did not result in higher prices, program blackouts, or even any appreciable advantage for the companies.</p><p><blockquote>DOJ花费了大量时间和资源来阻止美国电话电报公司收购时代华纳,这标志着该部门40多年来首次挑战重大垂直合并。尽管政府尽了最大努力,包括向华盛顿巡回法院上诉,但还是没有成功,《时代》杂志揭示了它的担忧显然一直都是错误的。合并并没有导致更高的价格、项目中断,甚至没有给公司带来任何明显的优势。</blockquote></p><p> In October 2016 AT&Tannouncedits plan to buy Time Warner. Donald Trump’s presidential campaign trashed the merger in a statement: “AT&T … is now trying to buy Time Warner and thus the wildly anti-Trump CNN. Donald Trump would never approve such a deal.” With Trump in office, the DOJ moved to block it.</p><p><blockquote>2016年10月,美国电话电报公司宣布了收购时代华纳的计划。唐纳德·特朗普的总统竞选团队在一份声明中抨击了此次合并:“美国电话电报公司……现在正试图收购时代华纳,从而收购疯狂反特朗普的CNN。唐纳德·特朗普永远不会批准这样的交易。”随着特朗普的上任,DOJ采取行动阻止了它。</blockquote></p><p> In 2017, the DOJ went to court tocomplainthat the merger would “substantially lessen competition in video” by allowing AT&T to “use Time Warner’s ‘must have’” networks like CNN, TNT, TBS, and HBO to raise fees charged to rival cable TV distributors like Comcast or DISH. AT&T, which had acquired national satellite operator DirecTV, could threaten “blackouts” depriving rival distributors of key programs—their subscribers would then quit and flock to DirecTV (AT&T) so as to keep watching CNN or the NBA Playoffs on TNT. Not only would major TV and cable systems be hurt, but emerging online streaming services would be crushed.</p><p><blockquote>2017年,美国司法部向法院投诉称,此次合并将“大大减少视频领域的竞争”,允许美国电话电报公司“使用时代华纳的‘必备’网络,如CNN、TNT、TBS和HBO,提高向竞争对手有线电视收取的费用。康卡斯特或DISH等分销商。收购了国家卫星运营商DirecTV的美国电话电报公司可能会威胁“停电”,剥夺竞争对手分销商的关键节目——他们的订户会退出,涌向DirecTV(美国电话电报公司),以便继续在TNT上观看CNN或NBA季后赛。不仅主要的电视和有线电视系统会受到伤害,新兴的在线流媒体服务也会受到挤压。</blockquote></p><p> The government’s case focused on “vertical leveraging,” where a company uses two complementary products to make it more difficult for rivals to compete in the individual markets. Here, AT&T was combining video content creation with video program distribution; the allegation was that competitors in either segment might be hurt. Yet there are clear efficiencies to be had, as widely found in studies of vertically integrated firms, with joint operations boosting consumer happiness. Buyers at Costco eagerly snap up Costco-supplied Kirkland products—which the retailer stocks in place of those of some independent producers—if they improve price or quality. So facts, not just a story, are needed. District Court Judge Richard J. Leonfoundthat the DOJ case “falls far short of establishing the validity of its… theory.”</p><p><blockquote>政府的案例集中在“垂直杠杆”上,即一家公司使用两种互补的产品,使竞争对手更难在单个市场竞争。在这里,美国电话电报公司将视频内容创作与视频节目分发相结合;指控是,这两个领域的竞争对手都可能受到伤害。然而,正如在对垂直整合公司的研究中广泛发现的那样,联合运营会提高消费者的幸福感,这是显而易见的。如果Costco供应的Kirkland产品提高了价格或质量,Costco的买家就会急切地snap这些产品——零售商用这些产品代替了一些独立生产商的产品。因此,需要的是事实,而不仅仅是一个故事。地区法院法官Richard J.Leon发现,司法部的案件“远远没有证明其……理论的有效性。”</blockquote></p><p> Aside from the political overtones of the case, there was good historical reason to doubt the official complaint. A cable TV programmer combined with (or split from) a video distributor several times in recent years. Vertical integration did not cause higher prices, as shown by econometric analysis. Nor did vertical integration lead to “blackouts,” as the DOJ conceded. A three-judge panel of the D.C. Circuit confirmed Judge Leon’s opinion, finding that “the industry had become dynamic in recent years with the emergence, for example, of Netflix and Hulu.”</p><p><blockquote>除了此案的政治含义,有充分的历史理由怀疑官方的投诉。一家有线电视节目制作商近年来数次与一家视频分销商合并(或分拆)。垂直整合并没有引起更高的价格,如计量经济学分析所示。正如司法部承认的那样,垂直整合也没有导致“停电”。华盛顿巡回法院的三名法官小组证实了莱昂法官的观点,发现“近年来,随着Netflix和Hulu等公司的出现,该行业变得充满活力。”</blockquote></p><p> Owning DirecTV and Time Warner together turned out to be not much advantage, let alone a monopoly. Despite a huge boost in pandemic demand for video content, rivals soon dined on AT&T-Time Warner’s lunch. When AT&T bought DirecTV in 2015, it paid $67 billion. In February 2021, with DirecTV’s satellite subscriber base collapsing, the spun-off operation wasvaluedat $16.3 billion.</p><p><blockquote>事实证明,同时拥有DirecTV和时代华纳并没有多大优势,更不用说垄断了。尽管疫情对视频内容的需求大幅增长,但竞争对手很快就享用了AT&T-时代华纳的午餐。当美国电话电报公司在2015年收购DirecTV时,它支付了670亿美元。2021年2月,随着DirecTV的卫星用户群崩溃,分拆业务的价值为163亿美元。</blockquote></p><p> And AT&Tthen unloaded the video assets of Time Warner. A new enterprise—Warner Bros. Discovery—is being spun off and merged with Discovery (Discovery Channel, Animal Planet, TLC, HGTV, the Food Networkand more). The content-only firm voluntarily severs the link the DOJ critiqued as easy monopoly money. With the allegations of anticompetitive bundling, it has been cast off as not worth the trouble.AT&T shareholders receive $43 billion, less than half the $100 billion AT&T expended (in debt and equity) for Time Warner three years ago. The government’s scenario of anti-competitive vertical integration proved a fantasy.</p><p><blockquote>AT&T当时出售了时代华纳的视频资产。一家新企业——华纳兄弟探索频道——正在剥离并与探索频道(探索频道、动物星球、TLC、HGTV、美食网等)合并。这家只提供内容的公司自愿切断了司法部批评为轻松垄断资金的链接。由于反竞争捆绑的指控,它被认为不值得麻烦。AT&T股东获得了430亿美元,不到三年前AT&T为时代华纳花费的1000亿美元(债务和股权)的一半。事实证明,政府反竞争纵向一体化的设想是一种幻想。</blockquote></p><p></p><p> AT&T’s maneuvers deserve whatever scorn billions in shareholder losses can buy. A cynic might offer that antitrust laws be beefed up to protect against such corporate errors, ignoring that economic penalties—more reliable and harsher than whatever antitrust enforcers might deal—are visibly in place. But little note has been made of the ironic political saga. Policymakers are moving full throttle to enact statutes to beef up antitrust prosecution in tech for exactly what AT&T so spectacularly failed to do in video. Rep. Pramila Jayapal (D-Wash.) and Rep. Lance Gooden (R-Texas) introduced the “Ending Monopoly Platforms Act” that would restrict vertical mergers in online services, for example. At least five other bills for new antitrust rules have been introduced.</p><p><blockquote>美国电话电报公司的策略值得数十亿股东损失所能买到的任何蔑视。愤世嫉俗者可能会建议加强反垄断法,以防止此类企业错误,而忽视了经济处罚——比反垄断执法者可能处理的任何事情都更可靠、更严厉——显然已经到位。但是很少有人注意到这个具有讽刺意味的政治传奇。政策制定者正在全力以赴制定法规,加强科技领域的反垄断起诉,这正是美国电话电报公司在视频领域未能做到的。众议员普拉米拉·贾亚帕尔(D-Wash。)和众议员兰斯·古登(R-Texas)提出了“结束垄断平台法案”,例如,该法案将限制在线服务的垂直合并。至少还有五项新的反垄断规则法案已经出台。</blockquote></p><p> Not only can such policies be expensive legal diversions, they can block the innovations igniting exciting new choices for customers. Netflix has integrated from streaming into movie production, after launching Roku. Hulu was created by News Corp. (Fox) and NBC-Universal (Comcast). Amazon Prime Video, Sling, YouTube TV, Apple TV, Disney Plus, HBO Max and Paramount Plus—each has extended a large media or e-commerce platform. Each evolved from a quest for better products. Treating entrepreneurship as suspect puts the screws to just the disruptions now roiling online entertainment markets. AT&T learned the hard way that owning complementary products is no guarantee of success. </p><p><blockquote>此类政策不仅可能是昂贵的法律转移,还可能阻碍为客户带来令人兴奋的新选择的创新。在推出Roku后,Netflix已从流媒体融入电影制作。Hulu是由新闻集团(Fox)和NBC-Universal(Comcast)创建的。Amazon Prime Video、Sling、YouTube TV、苹果TV、Disney Plus、HBO Max和Paramount Plus——每个都扩展了一个大型媒体或电子商务平台。每一个都是从对更好产品的追求演变而来的。将企业家精神视为嫌疑人只会加剧目前扰乱在线娱乐市场的混乱。美国电话电报公司惨痛地认识到,拥有互补产品并不能保证成功。</blockquote></p><p></p>","source":"lsy1610680873436","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Antitrust Activists Want to Go Full Throttle. Here’s a Lesson They Should Consider First<blockquote>反垄断活动人士希望全力以赴。这是他们应该首先考虑的一个教训</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\">\nAntitrust Activists Want to Go Full Throttle. Here’s a Lesson They Should Consider First<blockquote>反垄断活动人士希望全力以赴。这是他们应该首先考虑的一个教训</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barron's</strong><span class=\"h-time small\">2021-07-31 14:41</span>\n</p>\n</h4>\n</header>\n<article>\n<p><i>About the author: Thomas W. Hazlett is H.H. Macaulay endowed professor of economics at Clemson University, and previously served as chief economist of the Federal Communications Commission. His latest book is</i>The Political Spectrum: The Tumultuous Liberation of Wireless Technologies, from Herbert Hoover to the Smartphone.</p><p><blockquote><i>作者简介:托马斯·W·黑兹利特是H.H。麦考利是克莱姆森大学经济学捐赠教授,此前曾担任联邦通信委员会首席经济学家,其最新著作是</i>政治光谱:从赫伯特·胡佛到智能手机,无线技术的混乱解放。</blockquote></p><p> Big Tech is in the antitrust hot seat. But before the Department of Justice tries to break up companies likeGoogleorApple,it should recall the history, and eventual outcome, of theAT&T-Time Warner merger.</p><p><blockquote>大型科技公司陷入反垄断困境。但在司法部试图拆分谷歌或苹果等公司之前,它应该回顾一下美国电话电报公司与时代华纳合并的历史和最终结果。</blockquote></p><p> The DOJ expended extensive time and resources to stop AT&T’s acquisition of Time Warner, marking the department’s first challenge to a major vertical merger in over 40 years. The government was unsuccessful despite its best efforts, which included an appeal to the D.C. Circuit, and time reveals that its concerns were evidently misplaced all along. The merger did not result in higher prices, program blackouts, or even any appreciable advantage for the companies.</p><p><blockquote>DOJ花费了大量时间和资源来阻止美国电话电报公司收购时代华纳,这标志着该部门40多年来首次挑战重大垂直合并。尽管政府尽了最大努力,包括向华盛顿巡回法院上诉,但还是没有成功,《时代》杂志揭示了它的担忧显然一直都是错误的。合并并没有导致更高的价格、项目中断,甚至没有给公司带来任何明显的优势。</blockquote></p><p> In October 2016 AT&Tannouncedits plan to buy Time Warner. Donald Trump’s presidential campaign trashed the merger in a statement: “AT&T … is now trying to buy Time Warner and thus the wildly anti-Trump CNN. Donald Trump would never approve such a deal.” With Trump in office, the DOJ moved to block it.</p><p><blockquote>2016年10月,美国电话电报公司宣布了收购时代华纳的计划。唐纳德·特朗普的总统竞选团队在一份声明中抨击了此次合并:“美国电话电报公司……现在正试图收购时代华纳,从而收购疯狂反特朗普的CNN。唐纳德·特朗普永远不会批准这样的交易。”随着特朗普的上任,DOJ采取行动阻止了它。</blockquote></p><p> In 2017, the DOJ went to court tocomplainthat the merger would “substantially lessen competition in video” by allowing AT&T to “use Time Warner’s ‘must have’” networks like CNN, TNT, TBS, and HBO to raise fees charged to rival cable TV distributors like Comcast or DISH. AT&T, which had acquired national satellite operator DirecTV, could threaten “blackouts” depriving rival distributors of key programs—their subscribers would then quit and flock to DirecTV (AT&T) so as to keep watching CNN or the NBA Playoffs on TNT. Not only would major TV and cable systems be hurt, but emerging online streaming services would be crushed.</p><p><blockquote>2017年,美国司法部向法院投诉称,此次合并将“大大减少视频领域的竞争”,允许美国电话电报公司“使用时代华纳的‘必备’网络,如CNN、TNT、TBS和HBO,提高向竞争对手有线电视收取的费用。康卡斯特或DISH等分销商。收购了国家卫星运营商DirecTV的美国电话电报公司可能会威胁“停电”,剥夺竞争对手分销商的关键节目——他们的订户会退出,涌向DirecTV(美国电话电报公司),以便继续在TNT上观看CNN或NBA季后赛。不仅主要的电视和有线电视系统会受到伤害,新兴的在线流媒体服务也会受到挤压。</blockquote></p><p> The government’s case focused on “vertical leveraging,” where a company uses two complementary products to make it more difficult for rivals to compete in the individual markets. Here, AT&T was combining video content creation with video program distribution; the allegation was that competitors in either segment might be hurt. Yet there are clear efficiencies to be had, as widely found in studies of vertically integrated firms, with joint operations boosting consumer happiness. Buyers at Costco eagerly snap up Costco-supplied Kirkland products—which the retailer stocks in place of those of some independent producers—if they improve price or quality. So facts, not just a story, are needed. District Court Judge Richard J. Leonfoundthat the DOJ case “falls far short of establishing the validity of its… theory.”</p><p><blockquote>政府的案例集中在“垂直杠杆”上,即一家公司使用两种互补的产品,使竞争对手更难在单个市场竞争。在这里,美国电话电报公司将视频内容创作与视频节目分发相结合;指控是,这两个领域的竞争对手都可能受到伤害。然而,正如在对垂直整合公司的研究中广泛发现的那样,联合运营会提高消费者的幸福感,这是显而易见的。如果Costco供应的Kirkland产品提高了价格或质量,Costco的买家就会急切地snap这些产品——零售商用这些产品代替了一些独立生产商的产品。因此,需要的是事实,而不仅仅是一个故事。地区法院法官Richard J.Leon发现,司法部的案件“远远没有证明其……理论的有效性。”</blockquote></p><p> Aside from the political overtones of the case, there was good historical reason to doubt the official complaint. A cable TV programmer combined with (or split from) a video distributor several times in recent years. Vertical integration did not cause higher prices, as shown by econometric analysis. Nor did vertical integration lead to “blackouts,” as the DOJ conceded. A three-judge panel of the D.C. Circuit confirmed Judge Leon’s opinion, finding that “the industry had become dynamic in recent years with the emergence, for example, of Netflix and Hulu.”</p><p><blockquote>除了此案的政治含义,有充分的历史理由怀疑官方的投诉。一家有线电视节目制作商近年来数次与一家视频分销商合并(或分拆)。垂直整合并没有引起更高的价格,如计量经济学分析所示。正如司法部承认的那样,垂直整合也没有导致“停电”。华盛顿巡回法院的三名法官小组证实了莱昂法官的观点,发现“近年来,随着Netflix和Hulu等公司的出现,该行业变得充满活力。”</blockquote></p><p> Owning DirecTV and Time Warner together turned out to be not much advantage, let alone a monopoly. Despite a huge boost in pandemic demand for video content, rivals soon dined on AT&T-Time Warner’s lunch. When AT&T bought DirecTV in 2015, it paid $67 billion. In February 2021, with DirecTV’s satellite subscriber base collapsing, the spun-off operation wasvaluedat $16.3 billion.</p><p><blockquote>事实证明,同时拥有DirecTV和时代华纳并没有多大优势,更不用说垄断了。尽管疫情对视频内容的需求大幅增长,但竞争对手很快就享用了AT&T-时代华纳的午餐。当美国电话电报公司在2015年收购DirecTV时,它支付了670亿美元。2021年2月,随着DirecTV的卫星用户群崩溃,分拆业务的价值为163亿美元。</blockquote></p><p> And AT&Tthen unloaded the video assets of Time Warner. A new enterprise—Warner Bros. Discovery—is being spun off and merged with Discovery (Discovery Channel, Animal Planet, TLC, HGTV, the Food Networkand more). The content-only firm voluntarily severs the link the DOJ critiqued as easy monopoly money. With the allegations of anticompetitive bundling, it has been cast off as not worth the trouble.AT&T shareholders receive $43 billion, less than half the $100 billion AT&T expended (in debt and equity) for Time Warner three years ago. The government’s scenario of anti-competitive vertical integration proved a fantasy.</p><p><blockquote>AT&T当时出售了时代华纳的视频资产。一家新企业——华纳兄弟探索频道——正在剥离并与探索频道(探索频道、动物星球、TLC、HGTV、美食网等)合并。这家只提供内容的公司自愿切断了司法部批评为轻松垄断资金的链接。由于反竞争捆绑的指控,它被认为不值得麻烦。AT&T股东获得了430亿美元,不到三年前AT&T为时代华纳花费的1000亿美元(债务和股权)的一半。事实证明,政府反竞争纵向一体化的设想是一种幻想。</blockquote></p><p></p><p> AT&T’s maneuvers deserve whatever scorn billions in shareholder losses can buy. A cynic might offer that antitrust laws be beefed up to protect against such corporate errors, ignoring that economic penalties—more reliable and harsher than whatever antitrust enforcers might deal—are visibly in place. But little note has been made of the ironic political saga. Policymakers are moving full throttle to enact statutes to beef up antitrust prosecution in tech for exactly what AT&T so spectacularly failed to do in video. Rep. Pramila Jayapal (D-Wash.) and Rep. Lance Gooden (R-Texas) introduced the “Ending Monopoly Platforms Act” that would restrict vertical mergers in online services, for example. At least five other bills for new antitrust rules have been introduced.</p><p><blockquote>美国电话电报公司的策略值得数十亿股东损失所能买到的任何蔑视。愤世嫉俗者可能会建议加强反垄断法,以防止此类企业错误,而忽视了经济处罚——比反垄断执法者可能处理的任何事情都更可靠、更严厉——显然已经到位。但是很少有人注意到这个具有讽刺意味的政治传奇。政策制定者正在全力以赴制定法规,加强科技领域的反垄断起诉,这正是美国电话电报公司在视频领域未能做到的。众议员普拉米拉·贾亚帕尔(D-Wash。)和众议员兰斯·古登(R-Texas)提出了“结束垄断平台法案”,例如,该法案将限制在线服务的垂直合并。至少还有五项新的反垄断规则法案已经出台。</blockquote></p><p> Not only can such policies be expensive legal diversions, they can block the innovations igniting exciting new choices for customers. Netflix has integrated from streaming into movie production, after launching Roku. Hulu was created by News Corp. (Fox) and NBC-Universal (Comcast). Amazon Prime Video, Sling, YouTube TV, Apple TV, Disney Plus, HBO Max and Paramount Plus—each has extended a large media or e-commerce platform. Each evolved from a quest for better products. Treating entrepreneurship as suspect puts the screws to just the disruptions now roiling online entertainment markets. AT&T learned the hard way that owning complementary products is no guarantee of success. </p><p><blockquote>此类政策不仅可能是昂贵的法律转移,还可能阻碍为客户带来令人兴奋的新选择的创新。在推出Roku后,Netflix已从流媒体融入电影制作。Hulu是由新闻集团(Fox)和NBC-Universal(Comcast)创建的。Amazon Prime Video、Sling、YouTube TV、苹果TV、Disney Plus、HBO Max和Paramount Plus——每个都扩展了一个大型媒体或电子商务平台。每一个都是从对更好产品的追求演变而来的。将企业家精神视为嫌疑人只会加剧目前扰乱在线娱乐市场的混乱。美国电话电报公司惨痛地认识到,拥有互补产品并不能保证成功。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://www.barrons.com/articles/antitrust-activists-want-to-go-full-throttle-heres-a-lesson-they-should-consider-first-51627509048?mod=hp_COMMENTARY_3\">Barron's</a></p>\n<p>为提升您的阅读体验,我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.barrons.com/articles/antitrust-activists-want-to-go-full-throttle-heres-a-lesson-they-should-consider-first-51627509048?mod=hp_COMMENTARY_3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1154216466","content_text":"About the author: Thomas W. Hazlett is H.H. Macaulay endowed professor of economics at Clemson University, and previously served as chief economist of the Federal Communications Commission. His latest book isThe Political Spectrum: The Tumultuous Liberation of Wireless Technologies, from Herbert Hoover to the Smartphone.\nBig Tech is in the antitrust hot seat. But before the Department of Justice tries to break up companies likeGoogleorApple,it should recall the history, and eventual outcome, of theAT&T-Time Warner merger.\nThe DOJ expended extensive time and resources to stop AT&T’s acquisition of Time Warner, marking the department’s first challenge to a major vertical merger in over 40 years. The government was unsuccessful despite its best efforts, which included an appeal to the D.C. Circuit, and time reveals that its concerns were evidently misplaced all along. The merger did not result in higher prices, program blackouts, or even any appreciable advantage for the companies.\nIn October 2016 AT&Tannouncedits plan to buy Time Warner. Donald Trump’s presidential campaign trashed the merger in a statement: “AT&T … is now trying to buy Time Warner and thus the wildly anti-Trump CNN. Donald Trump would never approve such a deal.” With Trump in office, the DOJ moved to block it.\nIn 2017, the DOJ went to court tocomplainthat the merger would “substantially lessen competition in video” by allowing AT&T to “use Time Warner’s ‘must have’” networks like CNN, TNT, TBS, and HBO to raise fees charged to rival cable TV distributors like Comcast or DISH. AT&T, which had acquired national satellite operator DirecTV, could threaten “blackouts” depriving rival distributors of key programs—their subscribers would then quit and flock to DirecTV (AT&T) so as to keep watching CNN or the NBA Playoffs on TNT. Not only would major TV and cable systems be hurt, but emerging online streaming services would be crushed.\nThe government’s case focused on “vertical leveraging,” where a company uses two complementary products to make it more difficult for rivals to compete in the individual markets. Here, AT&T was combining video content creation with video program distribution; the allegation was that competitors in either segment might be hurt. Yet there are clear efficiencies to be had, as widely found in studies of vertically integrated firms, with joint operations boosting consumer happiness. Buyers at Costco eagerly snap up Costco-supplied Kirkland products—which the retailer stocks in place of those of some independent producers—if they improve price or quality. So facts, not just a story, are needed. District Court Judge Richard J. Leonfoundthat the DOJ case “falls far short of establishing the validity of its… theory.”\nAside from the political overtones of the case, there was good historical reason to doubt the official complaint. A cable TV programmer combined with (or split from) a video distributor several times in recent years. Vertical integration did not cause higher prices, as shown by econometric analysis. Nor did vertical integration lead to “blackouts,” as the DOJ conceded. A three-judge panel of the D.C. Circuit confirmed Judge Leon’s opinion, finding that “the industry had become dynamic in recent years with the emergence, for example, of Netflix and Hulu.”\nOwning DirecTV and Time Warner together turned out to be not much advantage, let alone a monopoly. Despite a huge boost in pandemic demand for video content, rivals soon dined on AT&T-Time Warner’s lunch. When AT&T bought DirecTV in 2015, it paid $67 billion. In February 2021, with DirecTV’s satellite subscriber base collapsing, the spun-off operation wasvaluedat $16.3 billion.\nAnd AT&Tthen unloaded the video assets of Time Warner. A new enterprise—Warner Bros. Discovery—is being spun off and merged with Discovery (Discovery Channel, Animal Planet, TLC, HGTV, the Food Networkand more). The content-only firm voluntarily severs the link the DOJ critiqued as easy monopoly money. With the allegations of anticompetitive bundling, it has been cast off as not worth the trouble.AT&T shareholders receive $43 billion, less than half the $100 billion AT&T expended (in debt and equity) for Time Warner three years ago. The government’s scenario of anti-competitive vertical integration proved a fantasy.\nAT&T’s maneuvers deserve whatever scorn billions in shareholder losses can buy. A cynic might offer that antitrust laws be beefed up to protect against such corporate errors, ignoring that economic penalties—more reliable and harsher than whatever antitrust enforcers might deal—are visibly in place. But little note has been made of the ironic political saga. Policymakers are moving full throttle to enact statutes to beef up antitrust prosecution in tech for exactly what AT&T so spectacularly failed to do in video. Rep. Pramila Jayapal (D-Wash.) and Rep. Lance Gooden (R-Texas) introduced the “Ending Monopoly Platforms Act” that would restrict vertical mergers in online services, for example. At least five other bills for new antitrust rules have been introduced.\nNot only can such policies be expensive legal diversions, they can block the innovations igniting exciting new choices for customers. Netflix has integrated from streaming into movie production, after launching Roku. Hulu was created by News Corp. (Fox) and NBC-Universal (Comcast). Amazon Prime Video, Sling, YouTube TV, Apple TV, Disney Plus, HBO Max and Paramount Plus—each has extended a large media or e-commerce platform. Each evolved from a quest for better products. Treating entrepreneurship as suspect puts the screws to just the disruptions now roiling online entertainment markets. AT&T learned the hard way that owning complementary products is no guarantee of success.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":1792,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":808623750,"gmtCreate":1627574880770,"gmtModify":1633758121554,"author":{"id":"3574834972684297","authorId":"3574834972684297","name":"Joanteo","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574834972684297","authorIdStr":"3574834972684297"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/808623750","repostId":"1165345369","repostType":4,"isVote":1,"tweetType":1,"viewCount":2266,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":801167553,"gmtCreate":1627488711972,"gmtModify":1633764483175,"author":{"id":"3574834972684297","authorId":"3574834972684297","name":"Joanteo","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574834972684297","authorIdStr":"3574834972684297"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/801167553","repostId":"2154721924","repostType":4,"repost":{"id":"2154721924","kind":"highlight","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":1627486574,"share":"https://www.laohu8.com/m/news/2154721924?lang=zh_CN&edition=full","pubTime":"2021-07-28 23:36","market":"us","language":"en","title":"Why AMD's Stock Is Trading Higher Today<blockquote>为什么AMD的股票今天走高</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2154721924","media":"Tiger Newspress","summary":"AMD is trading higher Wednesday morning after the company late Tuesday announced better-than-expecte","content":"<p>AMD is trading higher Wednesday morning after the company late Tuesday announced better-than-expected second-quarter financial results and issued third-quarter guidance above estimates.</p><p><blockquote>AMD周二晚间公布了好于预期的第二季度财务业绩,并发布了高于预期的第三季度指引,周三上午该公司股价走高。</blockquote></p><p> AMD reported quarterly earnings of 63 cents per share, which beat the estimate of 54 cents per share. The company reported quarterly revenue of $3.85 billion, which beat the estimate of $3.62 billion. AMD said it expects third-quarter revenue to be in a range of $4 billion to $4.2 billion, which was higher than the estimate of $3.82 billion.</p><p><blockquote>AMD公布季度收益为每股63美分,超出预期的每股54美分。该公司公布季度营收为38.5亿美元,超出预期的36.2亿美元。AMD表示,预计第三季度营收将在40亿至42亿美元之间,高于预期的38.2亿美元。</blockquote></p><p> \"Our business performed exceptionally well in the second quarter as revenue and operating margin doubled and profitability more than tripled year-over-year,” said Lisa Su, president and CEO of AMD.</p><p><blockquote>AMD总裁兼首席执行官Lisa Su表示:“我们的业务在第二季度表现异常出色,收入和营业利润率同比翻了一番,盈利能力同比增长了两倍多。”</blockquote></p><p> <b>Analyst Assessment:</b> Rosenblatt analyst Hans Mosesmann maintained AMD with a Buy rating and raised the price target from $135 to $150.</p><p><blockquote><b>分析员评估:</b>Rosenblatt分析师Hans Mosesmann维持AMD买入评级,并将目标价从135美元上调至150美元。</blockquote></p><p> Susquehanna analyst Christopher Rolland maintained AMD with a Positive rating and raised the price target from $125 to $130.</p><p><blockquote>Susquehanna分析师Christopher Rolland维持AMD正面评级,并将目标价从125美元上调至130美元。</blockquote></p><p> <b>Price Action: </b>AMD has traded as high as $99.23 and as low as $67.02 over a 52-week period.</p><p><blockquote><b>价格走势:</b>AMD在52周内的交易价格最高为99.23美元,最低为67.02美元。</blockquote></p><p> At last check Wednesday, the stock was up 5% at $95.6.</p><p><blockquote>截至周三最后一次检查,该股上涨5%,至95.6美元。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/a0dd3dd7be87bfa480b05a3c26ee3f62\" tg-width=\"840\" tg-height=\"470\" 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>Why AMD's Stock Is Trading Higher Today<blockquote>为什么AMD的股票今天走高</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 AMD's Stock Is Trading Higher Today<blockquote>为什么AMD的股票今天走高</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-07-28 23:36</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>AMD is trading higher Wednesday morning after the company late Tuesday announced better-than-expected second-quarter financial results and issued third-quarter guidance above estimates.</p><p><blockquote>AMD周二晚间公布了好于预期的第二季度财务业绩,并发布了高于预期的第三季度指引,周三上午该公司股价走高。</blockquote></p><p> AMD reported quarterly earnings of 63 cents per share, which beat the estimate of 54 cents per share. The company reported quarterly revenue of $3.85 billion, which beat the estimate of $3.62 billion. AMD said it expects third-quarter revenue to be in a range of $4 billion to $4.2 billion, which was higher than the estimate of $3.82 billion.</p><p><blockquote>AMD公布季度收益为每股63美分,超出预期的每股54美分。该公司公布季度营收为38.5亿美元,超出预期的36.2亿美元。AMD表示,预计第三季度营收将在40亿至42亿美元之间,高于预期的38.2亿美元。</blockquote></p><p> \"Our business performed exceptionally well in the second quarter as revenue and operating margin doubled and profitability more than tripled year-over-year,” said Lisa Su, president and CEO of AMD.</p><p><blockquote>AMD总裁兼首席执行官Lisa Su表示:“我们的业务在第二季度表现异常出色,收入和营业利润率同比翻了一番,盈利能力同比增长了两倍多。”</blockquote></p><p> <b>Analyst Assessment:</b> Rosenblatt analyst Hans Mosesmann maintained AMD with a Buy rating and raised the price target from $135 to $150.</p><p><blockquote><b>分析员评估:</b>Rosenblatt分析师Hans Mosesmann维持AMD买入评级,并将目标价从135美元上调至150美元。</blockquote></p><p> Susquehanna analyst Christopher Rolland maintained AMD with a Positive rating and raised the price target from $125 to $130.</p><p><blockquote>Susquehanna分析师Christopher Rolland维持AMD正面评级,并将目标价从125美元上调至130美元。</blockquote></p><p> <b>Price Action: </b>AMD has traded as high as $99.23 and as low as $67.02 over a 52-week period.</p><p><blockquote><b>价格走势:</b>AMD在52周内的交易价格最高为99.23美元,最低为67.02美元。</blockquote></p><p> At last check Wednesday, the stock was up 5% at $95.6.</p><p><blockquote>截至周三最后一次检查,该股上涨5%,至95.6美元。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/a0dd3dd7be87bfa480b05a3c26ee3f62\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMD":"美国超微公司"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2154721924","content_text":"AMD is trading higher Wednesday morning after the company late Tuesday announced better-than-expected second-quarter financial results and issued third-quarter guidance above estimates.\nAMD reported quarterly earnings of 63 cents per share, which beat the estimate of 54 cents per share. The company reported quarterly revenue of $3.85 billion, which beat the estimate of $3.62 billion. AMD said it expects third-quarter revenue to be in a range of $4 billion to $4.2 billion, which was higher than the estimate of $3.82 billion.\n\"Our business performed exceptionally well in the second quarter as revenue and operating margin doubled and profitability more than tripled year-over-year,” said Lisa Su, president and CEO of AMD.\nAnalyst Assessment: Rosenblatt analyst Hans Mosesmann maintained AMD with a Buy rating and raised the price target from $135 to $150.\nSusquehanna analyst Christopher Rolland maintained AMD with a Positive rating and raised the price target from $125 to $130.\nPrice Action: AMD has traded as high as $99.23 and as low as $67.02 over a 52-week period.\nAt last check Wednesday, the stock was up 5% at $95.6.","news_type":1,"symbols_score_info":{"AMD":0.9}},"isVote":1,"tweetType":1,"viewCount":1660,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":801164494,"gmtCreate":1627488651618,"gmtModify":1633764483642,"author":{"id":"3574834972684297","authorId":"3574834972684297","name":"Joanteo","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574834972684297","authorIdStr":"3574834972684297"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/801164494","repostId":"2154360923","repostType":4,"isVote":1,"tweetType":1,"viewCount":1842,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":803075728,"gmtCreate":1627398844064,"gmtModify":1633765362439,"author":{"id":"3574834972684297","authorId":"3574834972684297","name":"Joanteo","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574834972684297","authorIdStr":"3574834972684297"},"themes":[],"htmlText":"😱","listText":"😱","text":"😱","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/803075728","repostId":"2154156259","repostType":4,"isVote":1,"tweetType":1,"viewCount":1957,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":809967539,"gmtCreate":1627344658421,"gmtModify":1633765965032,"author":{"id":"3574834972684297","authorId":"3574834972684297","name":"Joanteo","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574834972684297","authorIdStr":"3574834972684297"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/809967539","repostId":"2154640389","repostType":4,"isVote":1,"tweetType":1,"viewCount":1834,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":809965765,"gmtCreate":1627344601657,"gmtModify":1633765966590,"author":{"id":"3574834972684297","authorId":"3574834972684297","name":"Joanteo","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574834972684297","authorIdStr":"3574834972684297"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/809965765","repostId":"2154962767","repostType":4,"isVote":1,"tweetType":1,"viewCount":2294,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":809962960,"gmtCreate":1627344564750,"gmtModify":1633765968014,"author":{"id":"3574834972684297","authorId":"3574834972684297","name":"Joanteo","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574834972684297","authorIdStr":"3574834972684297"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/809962960","repostId":"1153028059","repostType":4,"repost":{"id":"1153028059","kind":"news","pubTimestamp":1627340900,"share":"https://www.laohu8.com/m/news/1153028059?lang=zh_CN&edition=full","pubTime":"2021-07-27 07:08","market":"us","language":"en","title":"Tesla sales surge 98%; company boosts margins on its less-costly electric cars<blockquote>特斯拉销量猛增98%;公司提高了成本较低的电动汽车的利润率</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1153028059","media":"Reuters","summary":" -Tesla Inc posted a bigger second-quarter profit than expected on Tuesday thanks to sharply higher sales of its less-expensive electric vehicles, as it raised prices to boost its margins on them.Tesla also cut costs which helped it offset many of the supply chain and microchip shortfalls facing the auto industry.For the first time since late 2019, Tesla profits did not rely on sales of environmental credits to other automakers, a sign of increasing financial health for the manufacturing operati","content":"<p>(Reuters) -Tesla Inc posted a bigger second-quarter profit than expected on Tuesday thanks to sharply higher sales of its less-expensive electric vehicles, as it raised prices to boost its margins on them.</p><p><blockquote>(路透社)-特斯拉公司周二公布的第二季度利润高于预期,这得益于其较便宜的电动汽车销量大幅增长,该公司提高了价格以提高其利润率。</blockquote></p><p> Tesla also cut costs which helped it offset many of the supply chain and microchip shortfalls facing the auto industry.</p><p><blockquote>特斯拉还削减了成本,这有助于抵消汽车行业面临的许多供应链和微芯片短缺问题。</blockquote></p><p> For the first time since late 2019, Tesla profits did not rely on sales of environmental credits to other automakers, a sign of increasing financial health for the manufacturing operation. Tesla boosted its performance by cutting features it said were unused or unneeded and raising U.S. vehicle prices.</p><p><blockquote>自2019年底以来,特斯拉的利润首次不依赖于向其他汽车制造商出售环境信用,这表明制造业务的财务状况日益健康。特斯拉通过削减其称未使用或不需要的功能以及提高美国汽车价格来提高其业绩。</blockquote></p><p> Shares of the world’s most valuable automaker rose 1.5% in extended trade.</p><p><blockquote>这家全球最有价值汽车制造商的股价在盘后交易中上涨1.5%。</blockquote></p><p> In a call with investors and analysts, Tesla executives said that volume production growth will depend on parts availability, and Musk cautioned the shortage of semiconductors will continue.</p><p><blockquote>在与投资者和分析师的看涨期权中,特斯拉高管表示,量产增长将取决于零部件供应情况,马斯克警告称,半导体短缺将持续。</blockquote></p><p> “The global chip shortage situation remains quite serious,” Musk said.</p><p><blockquote>“全球芯片短缺的情况仍然相当严重,”马斯克说。</blockquote></p><p> Still, Musk said Tesla expects to launch production this year of the Model Y SUV at factories under construction in Texas and Germany. He said the company expects battery cell suppliers to double production next year.</p><p><blockquote>尽管如此,Musk表示,特斯拉预计今年将在德克萨斯和德意志的在建工厂投产Model Y SUV。他表示,该公司预计电池供应商明年的产量将翻一番。</blockquote></p><p> Despite the pandemic and the supply chain crisis, Tesla posted record deliveries during the quarter, thanks to sales of cheaper models including Model 3 sedans and Model Ys.</p><p><blockquote>尽管面临疫情和供应链危机,但得益于Model 3轿车和Model Y等更便宜车型的销售,特斯拉在本季度的交付量仍创下了纪录。</blockquote></p><p> The carmaker, led by billionaire entrepreneur Elon Musk, said revenue jumped to $11.96 billion from $6.04 billion a year earlier, when its California factory was shut down for more than six weeks due to local lockdown orders to fight the pandemic.</p><p><blockquote>这家由亿万富翁企业家埃隆·马斯克(Elon Musk)领导的汽车制造商表示,收入从一年前的60.4亿美元跃升至119.6亿美元,当时其加州工厂因当地抗击疫情的封锁令而关闭了六周多。</blockquote></p><p> Analysts had expected revenue of about $11.3 billion, according to IBES data from Refinitiv.</p><p><blockquote>根据Refinitiv的IBES数据,分析师此前预计营收约为113亿美元。</blockquote></p><p> Excluding items, Tesla posted a profit of $1.45 per share, easily topping analyst expectations for a profit of 98 cents per share.</p><p><blockquote>剔除项目后,特斯拉公布的每股利润为1.45美元,轻松超过分析师预期的每股98美分。</blockquote></p><p> Tesla said operating income rose with volume growth and cost reduction, which offset higher supply chain costs, lower regulatory credit revenue and other items including $23 million in losses on investment in cryptocurrency bitcoin.</p><p><blockquote>特斯拉表示,营业收入随着销量增长和成本降低而上升,这抵消了供应链成本上升、监管信贷收入下降和其他项目,包括加密货币比特币投资损失2300万美元。</blockquote></p><p> Tesla’s profitability has often relied on selling regulatory credits to other automakers, but in the second quarter, Tesla was profitable without these credits for the first time since the end of 2019. Its GAAP net income was $1.14 billion in the second quarter. Revenue from the credits only totaled $354 million.</p><p><blockquote>特斯拉的盈利能力通常依赖于向其他汽车制造商出售监管信用,但在第二季度,特斯拉自2019年底以来首次在没有这些信用的情况下实现盈利。其第二季度GAAP净利润为11.4亿美元。这些积分的收入总计仅为3.54亿美元。</blockquote></p><p> “Tesla impressed with its numbers, as most of its revenue came from vehicle sales,” Jesse Cohen, senior analyst at Investing.com, said.</p><p><blockquote>Investing.com高级分析师Jesse Cohen表示:“特斯拉对其数据印象深刻,因为其大部分收入来自汽车销售。”</blockquote></p><p> Carmaker Stellantis expects to achieve its European carbon dioxide (CO2) emissions targets this year without environmental credits bought from Tesla.</p><p><blockquote>汽车制造商Stellantis预计今年将在没有从特斯拉购买环境信用额的情况下实现其欧洲二氧化碳(CO2)排放目标。</blockquote></p><p> Tesla said it said it has delayed the launch of the Semi truck program to 2022 to focus on starting factories and due to limited availability of battery cells and other parts this year.</p><p><blockquote>特斯拉表示,由于今年电池和其他零部件的供应有限,该公司已将Semi卡车计划的启动推迟到2022年,以专注于启动工厂。</blockquote></p><p> But the company’s new 4680 batteries are not ready for volume production; executives said it was difficult to predict when technological challenges would be resolved.</p><p><blockquote>但该公司的新型4680电池尚未准备好量产;高管们表示,很难预测技术挑战何时会得到解决。</blockquote></p><p> In an aside, Musk said he “most likely will not be on earnings calls” going forward to discuss financial results with investors and analysts. These calls have been a colorful quarterly ritual Musk has used for discourses on Tesla technology, or to fire back at rivals or critics.</p><p><blockquote>顺便说一句,马斯克表示,他“很可能不会在财报评级上”与投资者和分析师讨论财务业绩。这些评级是马斯克每季度举行的一次丰富多彩的仪式,马斯克用它来讨论特斯拉技术,或者回击竞争对手或批评者。</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 sales surge 98%; company boosts margins on its less-costly electric cars<blockquote>特斯拉销量猛增98%;公司提高了成本较低的电动汽车的利润率</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 sales surge 98%; company boosts margins on its less-costly electric cars<blockquote>特斯拉销量猛增98%;公司提高了成本较低的电动汽车的利润率</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Reuters</strong><span class=\"h-time small\">2021-07-27 07:08</span>\n</p>\n</h4>\n</header>\n<article>\n<p>(Reuters) -Tesla Inc posted a bigger second-quarter profit than expected on Tuesday thanks to sharply higher sales of its less-expensive electric vehicles, as it raised prices to boost its margins on them.</p><p><blockquote>(路透社)-特斯拉公司周二公布的第二季度利润高于预期,这得益于其较便宜的电动汽车销量大幅增长,该公司提高了价格以提高其利润率。</blockquote></p><p> Tesla also cut costs which helped it offset many of the supply chain and microchip shortfalls facing the auto industry.</p><p><blockquote>特斯拉还削减了成本,这有助于抵消汽车行业面临的许多供应链和微芯片短缺问题。</blockquote></p><p> For the first time since late 2019, Tesla profits did not rely on sales of environmental credits to other automakers, a sign of increasing financial health for the manufacturing operation. Tesla boosted its performance by cutting features it said were unused or unneeded and raising U.S. vehicle prices.</p><p><blockquote>自2019年底以来,特斯拉的利润首次不依赖于向其他汽车制造商出售环境信用,这表明制造业务的财务状况日益健康。特斯拉通过削减其称未使用或不需要的功能以及提高美国汽车价格来提高其业绩。</blockquote></p><p> Shares of the world’s most valuable automaker rose 1.5% in extended trade.</p><p><blockquote>这家全球最有价值汽车制造商的股价在盘后交易中上涨1.5%。</blockquote></p><p> In a call with investors and analysts, Tesla executives said that volume production growth will depend on parts availability, and Musk cautioned the shortage of semiconductors will continue.</p><p><blockquote>在与投资者和分析师的看涨期权中,特斯拉高管表示,量产增长将取决于零部件供应情况,马斯克警告称,半导体短缺将持续。</blockquote></p><p> “The global chip shortage situation remains quite serious,” Musk said.</p><p><blockquote>“全球芯片短缺的情况仍然相当严重,”马斯克说。</blockquote></p><p> Still, Musk said Tesla expects to launch production this year of the Model Y SUV at factories under construction in Texas and Germany. He said the company expects battery cell suppliers to double production next year.</p><p><blockquote>尽管如此,Musk表示,特斯拉预计今年将在德克萨斯和德意志的在建工厂投产Model Y SUV。他表示,该公司预计电池供应商明年的产量将翻一番。</blockquote></p><p> Despite the pandemic and the supply chain crisis, Tesla posted record deliveries during the quarter, thanks to sales of cheaper models including Model 3 sedans and Model Ys.</p><p><blockquote>尽管面临疫情和供应链危机,但得益于Model 3轿车和Model Y等更便宜车型的销售,特斯拉在本季度的交付量仍创下了纪录。</blockquote></p><p> The carmaker, led by billionaire entrepreneur Elon Musk, said revenue jumped to $11.96 billion from $6.04 billion a year earlier, when its California factory was shut down for more than six weeks due to local lockdown orders to fight the pandemic.</p><p><blockquote>这家由亿万富翁企业家埃隆·马斯克(Elon Musk)领导的汽车制造商表示,收入从一年前的60.4亿美元跃升至119.6亿美元,当时其加州工厂因当地抗击疫情的封锁令而关闭了六周多。</blockquote></p><p> Analysts had expected revenue of about $11.3 billion, according to IBES data from Refinitiv.</p><p><blockquote>根据Refinitiv的IBES数据,分析师此前预计营收约为113亿美元。</blockquote></p><p> Excluding items, Tesla posted a profit of $1.45 per share, easily topping analyst expectations for a profit of 98 cents per share.</p><p><blockquote>剔除项目后,特斯拉公布的每股利润为1.45美元,轻松超过分析师预期的每股98美分。</blockquote></p><p> Tesla said operating income rose with volume growth and cost reduction, which offset higher supply chain costs, lower regulatory credit revenue and other items including $23 million in losses on investment in cryptocurrency bitcoin.</p><p><blockquote>特斯拉表示,营业收入随着销量增长和成本降低而上升,这抵消了供应链成本上升、监管信贷收入下降和其他项目,包括加密货币比特币投资损失2300万美元。</blockquote></p><p> Tesla’s profitability has often relied on selling regulatory credits to other automakers, but in the second quarter, Tesla was profitable without these credits for the first time since the end of 2019. Its GAAP net income was $1.14 billion in the second quarter. Revenue from the credits only totaled $354 million.</p><p><blockquote>特斯拉的盈利能力通常依赖于向其他汽车制造商出售监管信用,但在第二季度,特斯拉自2019年底以来首次在没有这些信用的情况下实现盈利。其第二季度GAAP净利润为11.4亿美元。这些积分的收入总计仅为3.54亿美元。</blockquote></p><p> “Tesla impressed with its numbers, as most of its revenue came from vehicle sales,” Jesse Cohen, senior analyst at Investing.com, said.</p><p><blockquote>Investing.com高级分析师Jesse Cohen表示:“特斯拉对其数据印象深刻,因为其大部分收入来自汽车销售。”</blockquote></p><p> Carmaker Stellantis expects to achieve its European carbon dioxide (CO2) emissions targets this year without environmental credits bought from Tesla.</p><p><blockquote>汽车制造商Stellantis预计今年将在没有从特斯拉购买环境信用额的情况下实现其欧洲二氧化碳(CO2)排放目标。</blockquote></p><p> Tesla said it said it has delayed the launch of the Semi truck program to 2022 to focus on starting factories and due to limited availability of battery cells and other parts this year.</p><p><blockquote>特斯拉表示,由于今年电池和其他零部件的供应有限,该公司已将Semi卡车计划的启动推迟到2022年,以专注于启动工厂。</blockquote></p><p> But the company’s new 4680 batteries are not ready for volume production; executives said it was difficult to predict when technological challenges would be resolved.</p><p><blockquote>但该公司的新型4680电池尚未准备好量产;高管们表示,很难预测技术挑战何时会得到解决。</blockquote></p><p> In an aside, Musk said he “most likely will not be on earnings calls” going forward to discuss financial results with investors and analysts. These calls have been a colorful quarterly ritual Musk has used for discourses on Tesla technology, or to fire back at rivals or critics.</p><p><blockquote>顺便说一句,马斯克表示,他“很可能不会在财报评级上”与投资者和分析师讨论财务业绩。这些评级是马斯克每季度举行的一次丰富多彩的仪式,马斯克用它来讨论特斯拉技术,或者回击竞争对手或批评者。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://www.reuters.com/article/tesla-results/update-4-tesla-sales-surge-98-company-boosts-margins-on-its-less-costly-electric-cars-idUSL4N2P23I5\">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/article/tesla-results/update-4-tesla-sales-surge-98-company-boosts-margins-on-its-less-costly-electric-cars-idUSL4N2P23I5","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1153028059","content_text":"(Reuters) -Tesla Inc posted a bigger second-quarter profit than expected on Tuesday thanks to sharply higher sales of its less-expensive electric vehicles, as it raised prices to boost its margins on them.\nTesla also cut costs which helped it offset many of the supply chain and microchip shortfalls facing the auto industry.\nFor the first time since late 2019, Tesla profits did not rely on sales of environmental credits to other automakers, a sign of increasing financial health for the manufacturing operation. Tesla boosted its performance by cutting features it said were unused or unneeded and raising U.S. vehicle prices.\nShares of the world’s most valuable automaker rose 1.5% in extended trade.\nIn a call with investors and analysts, Tesla executives said that volume production growth will depend on parts availability, and Musk cautioned the shortage of semiconductors will continue.\n“The global chip shortage situation remains quite serious,” Musk said.\nStill, Musk said Tesla expects to launch production this year of the Model Y SUV at factories under construction in Texas and Germany. He said the company expects battery cell suppliers to double production next year.\nDespite the pandemic and the supply chain crisis, Tesla posted record deliveries during the quarter, thanks to sales of cheaper models including Model 3 sedans and Model Ys.\nThe carmaker, led by billionaire entrepreneur Elon Musk, said revenue jumped to $11.96 billion from $6.04 billion a year earlier, when its California factory was shut down for more than six weeks due to local lockdown orders to fight the pandemic.\nAnalysts had expected revenue of about $11.3 billion, according to IBES data from Refinitiv.\nExcluding items, Tesla posted a profit of $1.45 per share, easily topping analyst expectations for a profit of 98 cents per share.\nTesla said operating income rose with volume growth and cost reduction, which offset higher supply chain costs, lower regulatory credit revenue and other items including $23 million in losses on investment in cryptocurrency bitcoin.\nTesla’s profitability has often relied on selling regulatory credits to other automakers, but in the second quarter, Tesla was profitable without these credits for the first time since the end of 2019. Its GAAP net income was $1.14 billion in the second quarter. Revenue from the credits only totaled $354 million.\n“Tesla impressed with its numbers, as most of its revenue came from vehicle sales,” Jesse Cohen, senior analyst at Investing.com, said.\nCarmaker Stellantis expects to achieve its European carbon dioxide (CO2) emissions targets this year without environmental credits bought from Tesla.\nTesla said it said it has delayed the launch of the Semi truck program to 2022 to focus on starting factories and due to limited availability of battery cells and other parts this year.\nBut the company’s new 4680 batteries are not ready for volume production; executives said it was difficult to predict when technological challenges would be resolved.\nIn an aside, Musk said he “most likely will not be on earnings calls” going forward to discuss financial results with investors and analysts. These calls have been a colorful quarterly ritual Musk has used for discourses on Tesla technology, or to fire back at rivals or critics.","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":1817,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":800735545,"gmtCreate":1627317877987,"gmtModify":1633766161945,"author":{"id":"3574834972684297","authorId":"3574834972684297","name":"Joanteo","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574834972684297","authorIdStr":"3574834972684297"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/800735545","repostId":"1100647798","repostType":4,"repost":{"id":"1100647798","kind":"news","pubTimestamp":1627313442,"share":"https://www.laohu8.com/m/news/1100647798?lang=zh_CN&edition=full","pubTime":"2021-07-26 23:30","market":"us","language":"en","title":"Apple Earnings Face High Expectations<blockquote>苹果盈利面临高预期</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1100647798","media":"seekingalpha","summary":"After the bell on Tuesday, we'll receive fiscal third quarter results from technology giant Apple for its June ending period. With the company's previous two quarterly earnings reports smashing street estimates, it's not really a surprise that expectations have continued to rise. With shares rallying in recent weeks to new all-time highs, another strong report will likely be needed to keep things going.I'm sure analysts will also be looking to see how Apple has navigated the chip shortage as we","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul> <li>Shares go into report near all-time high.</li> <li>Estimates surge after two massive beats.</li> <li>Timing of product launches will shift revenue picture.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bdd5b8fd99a0523d96bf052afd8c1b37\" tg-width=\"1536\" tg-height=\"988\" width=\"100%\" height=\"auto\"><span>Nikada/iStock Unreleased via Getty Images</span></p><p><blockquote><ul><li>股价接近历史新高。</li><li>两次大幅上涨后,预估值飙升。</li><li>产品发布的时间将改变收入状况。</li></ul><p class=\"t-img-caption\"><span>Nikada/iStock未通过Getty Images发布</span></p></blockquote></p><p> After the bell on Tuesday, we'll receive fiscal third quarter results from technology giant Apple (AAPL) for its June ending period. With the company's previous two quarterly earnings reports smashing street estimates, it's not really a surprise that expectations have continued to rise. With shares rallying in recent weeks to new all-time highs, another strong report will likely be needed to keep things going.</p><p><blockquote>周二盘后,我们将收到科技巨头苹果(AAPL)截至6月底的第三财季业绩。由于该公司前两个季度的收益报告超出了华尔街的预期,预期持续上升也就不足为奇了。随着最近几周股价上涨至历史新高,可能需要另一份强劲的报告来维持局面。</blockquote></p><p> For the first half of fiscal 2021, Apple's revenues have beaten street estimates by an average of $10.25 billion per quarter. The fiscal Q3 current average estimate is $73.44 billion, which would represent growth of more than 23% from the year-ago period. It's quite impressive that the current average is up more than $13 billion over the past year. On the bottom line, the street is looking for $1.01, growth of more than 56%. In the table below, you can see some Q3 key financial items for the past two years, with the current estimates for this year's period in yellow. Dollar values are millions except per share amounts.</p><p><blockquote>2021财年上半年,苹果的收入平均每季度超出华尔街预期102.5亿美元。第三财季目前的平均预期为734.4亿美元,比去年同期增长23%以上。令人印象深刻的是,目前的平均水平在过去一年中增长了超过130亿美元。从底线来看,华尔街的目标是1.01美元,增长超过56%。在下表中,您可以看到过去两年第三季度的一些关键财务项目,今年同期的当前估计为黄色。除每股金额外,美元价值为数百万。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/df8630a7ef0be70113aeac0d50265a57\" tg-width=\"476\" tg-height=\"361\" width=\"100%\" height=\"auto\"><span>(*Numbers estimated based on last year's split. Actual numbers to come from the company. Source: Fiscal Q3 2020 report)</span></p><p><blockquote><p class=\"t-img-caption\"><span>(*根据去年的拆分估算的数字。实际数字来自公司。资料来源:2020财年第三季度报告)</span></p></blockquote></p><p> Apple is comingoff arguably its best quarter ever. Revenues for the iPhone were up more than 65.5% over the prior-year period, with the Mac up more than 70% and iPad up nearly 79%. Fiscal Q2 overall revenue growth was nearly 54%, so this time around we're looking for about 40% of that figure. Don't forget, on the Q2 conference call, management talked about a $3 billion to $4 billion revenue hit in the June period from supply constraints.</p><p><blockquote>苹果可以说是有史以来最好的季度。iPhone的收入同比增长超过65.5%,Mac增长超过70%,iPad增长近79%。第二财季整体收入增长近54%,因此这次我们预计这一数字的40%左右。别忘了,在第二季度电话会议上,管理层谈到6月份期间供应限制导致收入损失30亿至40亿美元。</blockquote></p><p> I'm most curious to see how the iPhone does this time around, as it appears that the 5G supercycle seems to be going pretty well. This year, however, most expectations are that the smartphone will return to its usual September launch period, meaning new phone revenues would be generated in fiscal Q4 again. Last year's coronavirus delayed launch meant sales didn't start until well into October and even November for some models, completely changing the sales trajectory for Apple's current fiscal year. This year's launch isn't expected to see a major upgrade to the phone line itself, so demand trends will probably be more dependent on how many consumers are upgrading to 5G rather than switching to iPhones.</p><p><blockquote>我最好奇的是这一次iPhone的表现如何,因为5G超级周期似乎进展顺利。然而,今年,大多数人预计智能手机将回到通常的9月发布期,这意味着新手机收入将在第四财季再次产生。去年的冠状病毒推迟了上市,这意味着某些车型直到10月甚至11月才开始销售,这完全改变了苹果本财年的销售轨迹。今年的发布预计不会对电话线本身进行重大升级,因此需求趋势可能更多地取决于有多少消费者升级到5G,而不是转向iPhone。</blockquote></p><p> I'm sure analysts will also be looking to see how Apple has navigated the chip shortage as well as soaring commodity prices. I don't think we will see a repeat of the 575 basis point increase in product gross margins that Q2 saw this time around, but the iPhone 12 line should still provide a nice year-over-year boost. In the long run, investors will look at growing services margins helping the gross margin percentage overall, but don't forget that the services side of the business has a lot of its expenses on the operating line.</p><p><blockquote>我相信分析师也将关注苹果如何应对芯片短缺和大宗商品价格飙升的问题。我认为我们不会看到第二季度产品毛利率增长575个基点的重演,但iPhone 12系列仍然应该会带来不错的同比增长。从长远来看,投资者将关注不断增长的服务利润率,以帮助提高整体毛利率,但不要忘记,业务的服务方面在运营方面有大量费用。</blockquote></p><p> For the stock to stay elevated, management is going to need to show that work from home and stimulus money tailwinds are still ongoing. As I discussed in a previous article, estimates call for Apple to see quarterly revenues decline for its March 2022 fiscal period, as the company laps very high previous year bars. While that might bring out some of the bears again, the long-term trajectory still seems positive. Current estimates call for $355 billion in total revenue during this fiscal year with Apple adding another $50 billion to that total over the next three years.</p><p><blockquote>为了使股价保持高位,管理层需要证明在家工作和刺激资金的顺风仍在持续。正如我在上一篇文章中讨论的那样,看涨期权预计苹果2022年3月财年的季度收入将下降,因为该公司去年的收入水平非常高。虽然这可能会再次引发一些空头,但长期轨迹似乎仍然是积极的。目前估计看涨期权本财年的总收入为3550亿美元,苹果将在未来三年内再增加500亿美元。</blockquote></p><p> I hope that management took advantage of the weakness in Apple shares during the quarter for its buyback. Even though the company is spending $20 billion or so every three months, that money doesn't go as far as $145 as it does at $125, obviously. Less shares repurchased means less of an earnings per share benefit, and lower long-term dividend raises. The good news is that Apple is on its way towards $100 billion a year in free cash flow, so investors don't need to worry about capital returns slowing down anytime soon.</p><p><blockquote>我希望管理层利用本季度苹果股价疲软的机会进行回购。尽管该公司每三个月花费200亿美元左右,但这笔钱显然不会像125美元那样达到145美元。回购的股票越少意味着每股收益收益越少,长期股息提高也越低。好消息是,苹果的自由现金流即将达到每年1000亿美元,因此投资者无需担心资本回报会很快放缓。</blockquote></p><p></p><p> The major issue for Apple right now is valuation. Shares finished last week trading at 33.4 times their trailing twelve-month earnings. That's basically double the mid-teens numbers from a couple of years ago, helped a lot by easy-money policies around the globe. My current price target of $162 is based on a 30X multiple of $5.40 in EPS for the September 2022 period. That number, however, assumes that the Fed and other central banks will remain fairly accommodative through most of next year. If we start to get a lot of tapering and or rate hikes earlier than expected, the overall market is likely to feel some pain, and I don't see how Apple would be immune from that.</p><p><blockquote>苹果目前的主要问题是估值。上周股价是过去12个月市盈率的33.4倍。这基本上是几年前青少年人数的两倍,这在很大程度上得益于全球宽松货币政策。我目前162美元的目标价是基于2022年9月期间每股收益5.40美元的30倍。然而,这个数字是假设美联储和其他央行在明年大部分时间里将保持相当宽松的政策。如果我们比预期更早地开始大量缩减和/或加息,整个市场可能会感到一些痛苦,我看不出苹果会如何免受此影响。</blockquote></p><p> A strong report from Apple could easily help shares to rise to a new all-time high. But just to play devil's advocate for a minute, what if there is a disappointment or a \"buy the rumor, sell the news\" reaction? Well, shares are quite a bit above their key moving averages as seen in the chart below (50-day in purple, 200-day in orange). As long as Apple can hold the shorter-term trend line, that rising technical level should be one of support. The stock has been able to hold the long-term trend line for quite a while, so I don't see any more than about 14% downside in the near term unless we get a major market pullback.</p><p><blockquote>苹果的强劲报告很容易帮助股价升至历史新高。但只是为了唱反调一分钟,如果出现失望或“买入谣言,卖出新闻”的反应怎么办?嗯,股价远高于其关键移动平均线,如下图所示(紫色为50日,橙色为200日)。只要苹果能够守住短期趋势线,上涨的技术水平应该是支撑之一。该股已经能够在相当长一段时间内保持长期趋势线,因此我认为短期内的下跌幅度不会超过14%左右,除非市场出现重大回调。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/dc37ee144edb22fd36fcd15cf5fc3470\" tg-width=\"640\" tg-height=\"273\" width=\"100%\" height=\"auto\"><span>(Source: Yahoo! Finance)</span></p><p><blockquote><p class=\"t-img-caption\"><span>(来源:雅虎财经)</span></p></blockquote></p><p> In the end, expectations for Apple are very high as earnings approach this week. Two massive quarterly beats have sent estimates through the roof, and the stock has recently run to a new all-time high. The market will be looking for signs that the iPhone supercycle has continued while work from home tailwinds have not subsided just yet. Investors hoping that this rally can continue will need to see a strong report, with management hopefully painting a bright sales picture for upcoming fall product launches.</p><p><blockquote>最后,随着本周财报的临近,人们对苹果的期望非常高。两个巨大的季度业绩超出了预期,该股最近创下了历史新高。市场将寻找iPhone超级周期仍在继续的迹象,而在家工作的顺风尚未消退。希望这种涨势能够持续下去的投资者需要看到一份强劲的报告,管理层希望为即将到来的秋季产品发布描绘一幅光明的销售图景。</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>Apple Earnings Face High Expectations<blockquote>苹果盈利面临高预期</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple Earnings Face High Expectations<blockquote>苹果盈利面临高预期</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">seekingalpha</strong><span class=\"h-time small\">2021-07-26 23:30</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>Shares go into report near all-time high.</li> <li>Estimates surge after two massive beats.</li> <li>Timing of product launches will shift revenue picture.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bdd5b8fd99a0523d96bf052afd8c1b37\" tg-width=\"1536\" tg-height=\"988\" width=\"100%\" height=\"auto\"><span>Nikada/iStock Unreleased via Getty Images</span></p><p><blockquote><ul><li>股价接近历史新高。</li><li>两次大幅上涨后,预估值飙升。</li><li>产品发布的时间将改变收入状况。</li></ul><p class=\"t-img-caption\"><span>Nikada/iStock未通过Getty Images发布</span></p></blockquote></p><p> After the bell on Tuesday, we'll receive fiscal third quarter results from technology giant Apple (AAPL) for its June ending period. With the company's previous two quarterly earnings reports smashing street estimates, it's not really a surprise that expectations have continued to rise. With shares rallying in recent weeks to new all-time highs, another strong report will likely be needed to keep things going.</p><p><blockquote>周二盘后,我们将收到科技巨头苹果(AAPL)截至6月底的第三财季业绩。由于该公司前两个季度的收益报告超出了华尔街的预期,预期持续上升也就不足为奇了。随着最近几周股价上涨至历史新高,可能需要另一份强劲的报告来维持局面。</blockquote></p><p> For the first half of fiscal 2021, Apple's revenues have beaten street estimates by an average of $10.25 billion per quarter. The fiscal Q3 current average estimate is $73.44 billion, which would represent growth of more than 23% from the year-ago period. It's quite impressive that the current average is up more than $13 billion over the past year. On the bottom line, the street is looking for $1.01, growth of more than 56%. In the table below, you can see some Q3 key financial items for the past two years, with the current estimates for this year's period in yellow. Dollar values are millions except per share amounts.</p><p><blockquote>2021财年上半年,苹果的收入平均每季度超出华尔街预期102.5亿美元。第三财季目前的平均预期为734.4亿美元,比去年同期增长23%以上。令人印象深刻的是,目前的平均水平在过去一年中增长了超过130亿美元。从底线来看,华尔街的目标是1.01美元,增长超过56%。在下表中,您可以看到过去两年第三季度的一些关键财务项目,今年同期的当前估计为黄色。除每股金额外,美元价值为数百万。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/df8630a7ef0be70113aeac0d50265a57\" tg-width=\"476\" tg-height=\"361\" width=\"100%\" height=\"auto\"><span>(*Numbers estimated based on last year's split. Actual numbers to come from the company. Source: Fiscal Q3 2020 report)</span></p><p><blockquote><p class=\"t-img-caption\"><span>(*根据去年的拆分估算的数字。实际数字来自公司。资料来源:2020财年第三季度报告)</span></p></blockquote></p><p> Apple is comingoff arguably its best quarter ever. Revenues for the iPhone were up more than 65.5% over the prior-year period, with the Mac up more than 70% and iPad up nearly 79%. Fiscal Q2 overall revenue growth was nearly 54%, so this time around we're looking for about 40% of that figure. Don't forget, on the Q2 conference call, management talked about a $3 billion to $4 billion revenue hit in the June period from supply constraints.</p><p><blockquote>苹果可以说是有史以来最好的季度。iPhone的收入同比增长超过65.5%,Mac增长超过70%,iPad增长近79%。第二财季整体收入增长近54%,因此这次我们预计这一数字的40%左右。别忘了,在第二季度电话会议上,管理层谈到6月份期间供应限制导致收入损失30亿至40亿美元。</blockquote></p><p> I'm most curious to see how the iPhone does this time around, as it appears that the 5G supercycle seems to be going pretty well. This year, however, most expectations are that the smartphone will return to its usual September launch period, meaning new phone revenues would be generated in fiscal Q4 again. Last year's coronavirus delayed launch meant sales didn't start until well into October and even November for some models, completely changing the sales trajectory for Apple's current fiscal year. This year's launch isn't expected to see a major upgrade to the phone line itself, so demand trends will probably be more dependent on how many consumers are upgrading to 5G rather than switching to iPhones.</p><p><blockquote>我最好奇的是这一次iPhone的表现如何,因为5G超级周期似乎进展顺利。然而,今年,大多数人预计智能手机将回到通常的9月发布期,这意味着新手机收入将在第四财季再次产生。去年的冠状病毒推迟了上市,这意味着某些车型直到10月甚至11月才开始销售,这完全改变了苹果本财年的销售轨迹。今年的发布预计不会对电话线本身进行重大升级,因此需求趋势可能更多地取决于有多少消费者升级到5G,而不是转向iPhone。</blockquote></p><p> I'm sure analysts will also be looking to see how Apple has navigated the chip shortage as well as soaring commodity prices. I don't think we will see a repeat of the 575 basis point increase in product gross margins that Q2 saw this time around, but the iPhone 12 line should still provide a nice year-over-year boost. In the long run, investors will look at growing services margins helping the gross margin percentage overall, but don't forget that the services side of the business has a lot of its expenses on the operating line.</p><p><blockquote>我相信分析师也将关注苹果如何应对芯片短缺和大宗商品价格飙升的问题。我认为我们不会看到第二季度产品毛利率增长575个基点的重演,但iPhone 12系列仍然应该会带来不错的同比增长。从长远来看,投资者将关注不断增长的服务利润率,以帮助提高整体毛利率,但不要忘记,业务的服务方面在运营方面有大量费用。</blockquote></p><p> For the stock to stay elevated, management is going to need to show that work from home and stimulus money tailwinds are still ongoing. As I discussed in a previous article, estimates call for Apple to see quarterly revenues decline for its March 2022 fiscal period, as the company laps very high previous year bars. While that might bring out some of the bears again, the long-term trajectory still seems positive. Current estimates call for $355 billion in total revenue during this fiscal year with Apple adding another $50 billion to that total over the next three years.</p><p><blockquote>为了使股价保持高位,管理层需要证明在家工作和刺激资金的顺风仍在持续。正如我在上一篇文章中讨论的那样,看涨期权预计苹果2022年3月财年的季度收入将下降,因为该公司去年的收入水平非常高。虽然这可能会再次引发一些空头,但长期轨迹似乎仍然是积极的。目前估计看涨期权本财年的总收入为3550亿美元,苹果将在未来三年内再增加500亿美元。</blockquote></p><p> I hope that management took advantage of the weakness in Apple shares during the quarter for its buyback. Even though the company is spending $20 billion or so every three months, that money doesn't go as far as $145 as it does at $125, obviously. Less shares repurchased means less of an earnings per share benefit, and lower long-term dividend raises. The good news is that Apple is on its way towards $100 billion a year in free cash flow, so investors don't need to worry about capital returns slowing down anytime soon.</p><p><blockquote>我希望管理层利用本季度苹果股价疲软的机会进行回购。尽管该公司每三个月花费200亿美元左右,但这笔钱显然不会像125美元那样达到145美元。回购的股票越少意味着每股收益收益越少,长期股息提高也越低。好消息是,苹果的自由现金流即将达到每年1000亿美元,因此投资者无需担心资本回报会很快放缓。</blockquote></p><p></p><p> The major issue for Apple right now is valuation. Shares finished last week trading at 33.4 times their trailing twelve-month earnings. That's basically double the mid-teens numbers from a couple of years ago, helped a lot by easy-money policies around the globe. My current price target of $162 is based on a 30X multiple of $5.40 in EPS for the September 2022 period. That number, however, assumes that the Fed and other central banks will remain fairly accommodative through most of next year. If we start to get a lot of tapering and or rate hikes earlier than expected, the overall market is likely to feel some pain, and I don't see how Apple would be immune from that.</p><p><blockquote>苹果目前的主要问题是估值。上周股价是过去12个月市盈率的33.4倍。这基本上是几年前青少年人数的两倍,这在很大程度上得益于全球宽松货币政策。我目前162美元的目标价是基于2022年9月期间每股收益5.40美元的30倍。然而,这个数字是假设美联储和其他央行在明年大部分时间里将保持相当宽松的政策。如果我们比预期更早地开始大量缩减和/或加息,整个市场可能会感到一些痛苦,我看不出苹果会如何免受此影响。</blockquote></p><p> A strong report from Apple could easily help shares to rise to a new all-time high. But just to play devil's advocate for a minute, what if there is a disappointment or a \"buy the rumor, sell the news\" reaction? Well, shares are quite a bit above their key moving averages as seen in the chart below (50-day in purple, 200-day in orange). As long as Apple can hold the shorter-term trend line, that rising technical level should be one of support. The stock has been able to hold the long-term trend line for quite a while, so I don't see any more than about 14% downside in the near term unless we get a major market pullback.</p><p><blockquote>苹果的强劲报告很容易帮助股价升至历史新高。但只是为了唱反调一分钟,如果出现失望或“买入谣言,卖出新闻”的反应怎么办?嗯,股价远高于其关键移动平均线,如下图所示(紫色为50日,橙色为200日)。只要苹果能够守住短期趋势线,上涨的技术水平应该是支撑之一。该股已经能够在相当长一段时间内保持长期趋势线,因此我认为短期内的下跌幅度不会超过14%左右,除非市场出现重大回调。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/dc37ee144edb22fd36fcd15cf5fc3470\" tg-width=\"640\" tg-height=\"273\" width=\"100%\" height=\"auto\"><span>(Source: Yahoo! Finance)</span></p><p><blockquote><p class=\"t-img-caption\"><span>(来源:雅虎财经)</span></p></blockquote></p><p> In the end, expectations for Apple are very high as earnings approach this week. Two massive quarterly beats have sent estimates through the roof, and the stock has recently run to a new all-time high. The market will be looking for signs that the iPhone supercycle has continued while work from home tailwinds have not subsided just yet. Investors hoping that this rally can continue will need to see a strong report, with management hopefully painting a bright sales picture for upcoming fall product launches.</p><p><blockquote>最后,随着本周财报的临近,人们对苹果的期望非常高。两个巨大的季度业绩超出了预期,该股最近创下了历史新高。市场将寻找iPhone超级周期仍在继续的迹象,而在家工作的顺风尚未消退。希望这种涨势能够持续下去的投资者需要看到一份强劲的报告,管理层希望为即将到来的秋季产品发布描绘一幅光明的销售图景。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://seekingalpha.com/article/4441375-apple-earnings-face-high-expectations\">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":{"AAPL":"苹果"},"source_url":"https://seekingalpha.com/article/4441375-apple-earnings-face-high-expectations","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1100647798","content_text":"Summary\n\nShares go into report near all-time high.\nEstimates surge after two massive beats.\nTiming of product launches will shift revenue picture.\n\nNikada/iStock Unreleased via Getty Images\nAfter the bell on Tuesday, we'll receive fiscal third quarter results from technology giant Apple (AAPL) for its June ending period. With the company's previous two quarterly earnings reports smashing street estimates, it's not really a surprise that expectations have continued to rise. With shares rallying in recent weeks to new all-time highs, another strong report will likely be needed to keep things going.\nFor the first half of fiscal 2021, Apple's revenues have beaten street estimates by an average of $10.25 billion per quarter. The fiscal Q3 current average estimate is $73.44 billion, which would represent growth of more than 23% from the year-ago period. It's quite impressive that the current average is up more than $13 billion over the past year. On the bottom line, the street is looking for $1.01, growth of more than 56%. In the table below, you can see some Q3 key financial items for the past two years, with the current estimates for this year's period in yellow. Dollar values are millions except per share amounts.\n(*Numbers estimated based on last year's split. Actual numbers to come from the company. Source: Fiscal Q3 2020 report)\nApple is comingoff arguably its best quarter ever. Revenues for the iPhone were up more than 65.5% over the prior-year period, with the Mac up more than 70% and iPad up nearly 79%. Fiscal Q2 overall revenue growth was nearly 54%, so this time around we're looking for about 40% of that figure. Don't forget, on the Q2 conference call, management talked about a $3 billion to $4 billion revenue hit in the June period from supply constraints.\nI'm most curious to see how the iPhone does this time around, as it appears that the 5G supercycle seems to be going pretty well. This year, however, most expectations are that the smartphone will return to its usual September launch period, meaning new phone revenues would be generated in fiscal Q4 again. Last year's coronavirus delayed launch meant sales didn't start until well into October and even November for some models, completely changing the sales trajectory for Apple's current fiscal year. This year's launch isn't expected to see a major upgrade to the phone line itself, so demand trends will probably be more dependent on how many consumers are upgrading to 5G rather than switching to iPhones.\nI'm sure analysts will also be looking to see how Apple has navigated the chip shortage as well as soaring commodity prices. I don't think we will see a repeat of the 575 basis point increase in product gross margins that Q2 saw this time around, but the iPhone 12 line should still provide a nice year-over-year boost. In the long run, investors will look at growing services margins helping the gross margin percentage overall, but don't forget that the services side of the business has a lot of its expenses on the operating line.\nFor the stock to stay elevated, management is going to need to show that work from home and stimulus money tailwinds are still ongoing. As I discussed in a previous article, estimates call for Apple to see quarterly revenues decline for its March 2022 fiscal period, as the company laps very high previous year bars. While that might bring out some of the bears again, the long-term trajectory still seems positive. Current estimates call for $355 billion in total revenue during this fiscal year with Apple adding another $50 billion to that total over the next three years.\nI hope that management took advantage of the weakness in Apple shares during the quarter for its buyback. Even though the company is spending $20 billion or so every three months, that money doesn't go as far as $145 as it does at $125, obviously. Less shares repurchased means less of an earnings per share benefit, and lower long-term dividend raises. The good news is that Apple is on its way towards $100 billion a year in free cash flow, so investors don't need to worry about capital returns slowing down anytime soon.\nThe major issue for Apple right now is valuation. Shares finished last week trading at 33.4 times their trailing twelve-month earnings. That's basically double the mid-teens numbers from a couple of years ago, helped a lot by easy-money policies around the globe. My current price target of $162 is based on a 30X multiple of $5.40 in EPS for the September 2022 period. That number, however, assumes that the Fed and other central banks will remain fairly accommodative through most of next year. If we start to get a lot of tapering and or rate hikes earlier than expected, the overall market is likely to feel some pain, and I don't see how Apple would be immune from that.\nA strong report from Apple could easily help shares to rise to a new all-time high. But just to play devil's advocate for a minute, what if there is a disappointment or a \"buy the rumor, sell the news\" reaction? Well, shares are quite a bit above their key moving averages as seen in the chart below (50-day in purple, 200-day in orange). As long as Apple can hold the shorter-term trend line, that rising technical level should be one of support. The stock has been able to hold the long-term trend line for quite a while, so I don't see any more than about 14% downside in the near term unless we get a major market pullback.\n(Source: Yahoo! Finance)\nIn the end, expectations for Apple are very high as earnings approach this week. Two massive quarterly beats have sent estimates through the roof, and the stock has recently run to a new all-time high. The market will be looking for signs that the iPhone supercycle has continued while work from home tailwinds have not subsided just yet. Investors hoping that this rally can continue will need to see a strong report, with management hopefully painting a bright sales picture for upcoming fall product launches.","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":1697,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":800735188,"gmtCreate":1627317844144,"gmtModify":1633766162312,"author":{"id":"3574834972684297","authorId":"3574834972684297","name":"Joanteo","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574834972684297","authorIdStr":"3574834972684297"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/800735188","repostId":"2154957883","repostType":4,"isVote":1,"tweetType":1,"viewCount":2207,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":177505219,"gmtCreate":1627234342431,"gmtModify":1633767007441,"author":{"id":"3574834972684297","authorId":"3574834972684297","name":"Joanteo","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574834972684297","authorIdStr":"3574834972684297"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/177505219","repostId":"2153936352","repostType":4,"isVote":1,"tweetType":1,"viewCount":689,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":177505030,"gmtCreate":1627234217520,"gmtModify":1633767007765,"author":{"id":"3574834972684297","authorId":"3574834972684297","name":"Joanteo","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574834972684297","authorIdStr":"3574834972684297"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/177505030","repostId":"1115106146","repostType":4,"isVote":1,"tweetType":1,"viewCount":511,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":174932849,"gmtCreate":1627056598781,"gmtModify":1633768349174,"author":{"id":"3574834972684297","authorId":"3574834972684297","name":"Joanteo","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574834972684297","authorIdStr":"3574834972684297"},"themes":[],"htmlText":"Good ","listText":"Good ","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/174932849","repostId":"2153984757","repostType":4,"isVote":1,"tweetType":1,"viewCount":564,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":174936515,"gmtCreate":1627056553437,"gmtModify":1633768349642,"author":{"id":"3574834972684297","authorId":"3574834972684297","name":"Joanteo","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574834972684297","authorIdStr":"3574834972684297"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/174936515","repostId":"2153983997","repostType":4,"isVote":1,"tweetType":1,"viewCount":395,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":178829993,"gmtCreate":1626798467112,"gmtModify":1633770903982,"author":{"id":"3574834972684297","authorId":"3574834972684297","name":"Joanteo","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574834972684297","authorIdStr":"3574834972684297"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/178829993","repostId":"1177437175","repostType":4,"repost":{"id":"1177437175","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1626791614,"share":"https://www.laohu8.com/m/news/1177437175?lang=zh_CN&edition=full","pubTime":"2021-07-20 22:33","market":"us","language":"en","title":"Stocks That Hit 52-Week Lows On Tuesday<blockquote>周二触及52周低点的股市</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1177437175","media":"Benzinga","summary":"Before 10 a.m. ET Tuesday, 64 stocks made new 52-week lows.\nKey Facts:\n\nTotalEnergies(NYSE:TTE) was ","content":"<p>Before 10 a.m. ET Tuesday, 64 stocks made new 52-week lows.</p><p><blockquote>美国东部时间周二上午10点之前,64只股票创下52周新低。</blockquote></p><p> Key Facts:</p><p><blockquote>关键事实:</blockquote></p><p> <ul> <li><b>TotalEnergies</b>(NYSE:TTE) was the largest, in terms of market cap, to set a new 52-week low.</li> <li>The company with the smallest market cap to set a new 52-week low was<b>Sonoma Pharmaceuticals</b>(NASDAQ:SNOA).</li> <li><b><a href=\"https://laohu8.com/S/ARDX\">Ardelyx</a></b>(NASDAQ:ARDX) made the largest move down on the session, with shares plummeting 75.24% to reach its 52-week low.</li> </ul> Here is a list of stocks that set new 52-week lows during the first half-hour of trading on Tuesday:</p><p><blockquote><ul><li><b>总能量</b>(纽约证券交易所股票代码:TTE)是市值最大的公司,创下52周新低。</li><li>创下52周新低市值最小的公司是<b>索诺玛制药公司</b>(纳斯达克:SNOA)。</li><li><b><a href=\"https://laohu8.com/S/ARDX\">Ardelyx</a></b>(纳斯达克:ARDX)盘中跌幅最大,股价暴跌75.24%,创52周新低。</li></ul>以下是周二交易前半小时创下52周新低的股票列表:</blockquote></p><p></p><p> <ul> <li><b>TotalEnergies</b>(NYSE:TTE) shares set a new 52-week low of $40.33. The stock traded down 1.23%.</li> <li><b>DiDi Global</b>(NYSE:DIDI) stock set a new 52-week low of $10.69 on Tuesday, moving down 1.54%.</li> <li><b>China Life Insurance Co</b>(NYSE:LFC) shares set a new yearly low of $8.68 this morning. The stock was 0.0% (flat) on the session.</li> <li><b>Lufax Holding</b>(NYSE:LU) shares reached a new 52-week low of $8.50 on Tuesday morning, moving down 1.95%.</li> <li><b>Tencent Music Enter Gr</b>(NYSE:TME) stock drifted down 0.61% on Tuesday morning to hit a new 52-week low of $11.24.</li> <li><b>Autohome</b>(NYSE:ATHM) shares set a new yearly low of $57.65 this morning. The stock was down 3.11% on the session.</li> <li><b><a href=\"https://laohu8.com/S/ABCL\">AbCellera Biologics</a></b>(NASDAQ:ABCL) shares moved down 3.38% on Tuesday to hit a new 52-week low of $15.80, drifting down 3.38%.</li> <li><b>Abcam</b>(NASDAQ:ABCM) stock hit $17.34 on Tuesday morning, setting a new 52-week low for a change of down 1.41%.</li> <li><b>Agora</b>(NASDAQ:API) shares moved down 5.09% on Tuesday to hit a new 52-week low of $32.59, drifting down 5.09%.</li> <li><b>OneConnect Financial Tech</b>(NYSE:OCFT) stock set a new 52-week low of $9.26 on Tuesday, moving down 0.84%.</li> <li><b>HUYA</b>(NYSE:HUYA) stock hit a yearly low of $13.80. The stock was down 2.15% for the day.</li> <li><b>SolarWinds</b>(NYSE:SWI) stock dropped to a yearly low on Tuesday of $9.80. Shares traded down 39.72%.</li> <li><b><a href=\"https://laohu8.com/S/GOCO\">GoHealth</a></b>(NASDAQ:GOCO) stock broke to a new 52-week low of $9.27 on Tuesday. Shares of the company traded up 0.74%.</li> <li><b>Genius Sports</b>(NYSE:GENI) shares fell to $14.86 on Tuesday, setting a new 52-week low with a shift of down 0.92%.</li> <li><b>Gaotu Techedu</b>(NYSE:GOTU) stock set a new 52-week low of $9.86 on Tuesday, moving up 0.84%.</li> <li><b>MorphoSys</b>(NASDAQ:MOR) stock drifted down 1.77% on Tuesday morning to hit a new 52-week low of $16.04.</li> <li><b>Custom Truck One Source</b>(NYSE:CTOS) stock achieved a new 52-week low on Tuesday morning, hitting $7.92 and moving down 1.35%.</li> <li><b>Root</b>(NASDAQ:ROOT) stock achieved a new 52-week low on Tuesday morning, hitting $7.56 and moving down 3.39%.</li> <li><b>Outset Medical</b>(NASDAQ:OM) shares were up 0.36% for the day, having made a 52-week low of $40.98.</li> <li><b>Taboola.com</b>(NASDAQ:TBLA) stock dropped to a yearly low on Tuesday of $8.37. Shares traded up 1.05%.</li> <li><b>ATI Physical Therapy</b>(NYSE:ATIP) shares set a new yearly low of $7.72 this morning. The stock was up 0.19% on the session.</li> <li><b>Velodyne Lidar</b>(NASDAQ:VLDR) stock drifted down 5.48% on Tuesday morning to hit a new 52-week low of $8.03.</li> <li><b>GrubHub</b>(NASDAQ:GRUB) shares made a new 52-week low of $15.64 on Tuesday. The stock was down 3.8% for the day.</li> <li><b>DouYu International Hldgs</b>(NASDAQ:DOYU) stock hit a yearly low of $4.31. The stock was down 1.35% for the day.</li> <li><b>Singular Genomics Systems</b>(NASDAQ:OMIC) shares set a new yearly low of $18.35 this morning. The stock was down 4.72% on the session.</li> <li><b>Viant Technology</b>(NASDAQ:DSP) stock hit a yearly low of $16.37. The stock was down 3.22% for the day.</li> <li><b>Origin Materials</b>(NASDAQ:ORGN) shares reached a new 52-week low of $6.63 on Tuesday morning, moving down 0.37%.</li> <li><b>Meta Materials</b>(NASDAQ:MMAT) stock hit a yearly low of $3.23. The stock was down 4.88% for the day.</li> <li><b>Montauk Renewables</b>(NASDAQ:MNTK) shares hit a yearly low of $6.15. The stock was down 1.97% on the session.</li> <li><b>CareMax</b>(NASDAQ:CMAX) stock hit a yearly low of $10.25. The stock was up 0.05% for the day.</li> <li><b>HIVE Blockchain</b>(NASDAQ:HVBT) stock set a new 52-week low of $1.87 on Tuesday, moving down 4.54%.</li> <li><b>Pharming</b>(NASDAQ:PHAR) shares were down 0.15% for the day, having made a 52-week low of $10.80.</li> <li><b>AltC Acquisition</b>(NYSE:ALCC) shares reached a new 52-week low of $9.85 on Tuesday morning, moving up 0.09%.</li> <li><b>Convey Holding Parent</b>(NYSE:CNVY) stock achieved a new 52-week low on Tuesday morning, hitting $7.74 and moving down 1.02%.</li> <li><b>Bitfarms</b>(NASDAQ:BITF) stock dropped to a yearly low on Tuesday of $2.81. Shares traded down 3.93%.</li> <li><b>Nordic American Tankers</b>(NYSE:NAT) shares fell to $2.59 on Tuesday, setting a new 52-week low with a shift of up 1.15%.</li> <li><b>Orchard Therapeutics</b>(NASDAQ:ORTX) shares hit a yearly low of $3.20. The stock was 0.0% (flat) on the session.</li> <li><b><a href=\"https://laohu8.com/S/CTMX\">CytomX</a> Therapeutics</b>(NASDAQ:CTMX) stock hit a new 52-week low of $5.63. The stock was 0.0% (flat) on the session.</li> <li><b>Alexco Resource</b>(AMEX:AXU) shares set a new yearly low of $1.99 this morning. The stock was up 1.99% on the session.</li> <li><b></p><p><blockquote><ul><li><b>总能量</b>(纽约证券交易所股票代码:TTE)股价创下52周新低40.33美元。该股下跌1.23%。</li><li><b>滴滴全球</b>(纽约证券交易所代码:DIDI)股价周二创下10.69美元的52周新低,下跌1.54%。</li><li><b>中国人寿保险公司</b>(纽约证券交易所代码:LFC)股价今早创下8.68美元的年度新低。该股当日上涨0.0%(持平)。</li><li><b>陆金所控股</b>(NYSE:LU)股价周二上午触及8.50美元的52周新低,下跌1.95%。</li><li><b>腾讯控股音乐进入Gr</b>(NYSE:TME)股价周二上午下跌0.61%,触及11.24美元的52周新低。</li><li><b>汽车之家</b>(纽约证券交易所代码:ATHM)股价今早创下57.65美元的年度新低。该股盘中下跌3.11%。</li><li><b><a href=\"https://laohu8.com/S/ABCL\">AbCellera生物制品</a></b>(纳斯达克:ABCL)股价周二下跌3.38%,触及15.80美元的52周新低,下跌3.38%。</li><li><b>Abcam</b>(纳斯达克:ABCM)股价周二上午触及17.34美元,创下52周新低,跌幅为1.41%。</li><li><b>现在</b>(纳斯达克:API)股价周二下跌5.09%,触及32.59美元的52周新低,下跌5.09%。</li><li><b>金融壹账通金融科技</b>(纽约证券交易所代码:OCFT)股价周二创下9.26美元的52周新低,下跌0.84%。</li><li><b>虎牙</b>(纽约证券交易所代码:HUYA)股价跌至13.80美元的年度低点。该股当日下跌2.15%。</li><li><b>SolarWinds</b>(纽约证券交易所代码:SWI)股价周二跌至9.80美元的年度低点。股价下跌39.72%。</li><li><b><a href=\"https://laohu8.com/S/GOCO\">GoHealth</a></b>(纳斯达克:GOCO)股价周二跌至9.27美元的52周新低。该公司股价上涨0.74%。</li><li><b>天才体育</b>(纽约证券交易所代码:GENI)股价周二跌至14.86美元,创下52周新低,跌幅为0.92%。</li><li><b>高途科技</b>(纽约证券交易所代码:GOTU)股价周二创下9.86美元的52周新低,上涨0.84%。</li><li><b>形态系统</b>(纳斯达克:MOR)股价周二上午下跌1.77%,触及16.04美元的52周新低。</li><li><b>定制卡车One Source</b>(纽约证券交易所代码:CTOS)股价周二上午创下52周新低,触及7.92美元,下跌1.35%。</li><li><b>根源</b>(纳斯达克:ROOT)股价周二上午创下52周新低,触及7.56美元,下跌3.39%。</li><li><b>Outset医疗</b>(纳斯达克:OM)股价当日上涨0.36%,触及52周低点40.98美元。</li><li><b>Taboola.com</b>(纳斯达克:TBLA)股价周二跌至8.37美元的年度低点。股价上涨1.05%。</li><li><b>ATI物理治疗</b>(纽约证券交易所代码:ATIP)股价今早创下7.72美元的年度新低。该股盘中上涨0.19%。</li><li><b>威力登激光雷达</b>(纳斯达克:VLDR)股价周二上午下跌5.48%,触及8.03美元的52周新低。</li><li><b>GrubHub</b>(纳斯达克:GRUB)股价周二创下15.64美元的52周新低。该股当天下跌3.8%。</li><li><b>斗鱼国际控股</b>(纳斯达克:DOYU)股价触及4.31美元的年度低点。该股当日下跌1.35%。</li><li><b>奇异基因组系统</b>(纳斯达克:OMIC)股价今早创下18.35美元的年度新低。该股盘中下跌4.72%。</li><li><b>维安特科技</b>(纳斯达克:DSP)股价触及16.37美元的年度低点。该股当日下跌3.22%。</li><li><b>来源材料</b>(纳斯达克:ORGN)股价周二上午触及6.63美元的52周新低,下跌0.37%。</li><li><b>超材料</b>(纳斯达克:MMAT)股价触及3.23美元的年度低点。该股当日下跌4.88%。</li><li><b>蒙托克可再生能源</b>(纳斯达克:MNTK)股价跌至6.15美元的年度低点。该股盘中下跌1.97%。</li><li><b>CareMax</b>(纳斯达克:CMAX)股价触及10.25美元的年度低点。该股当日上涨0.05%。</li><li><b>蜂巢区块链</b>(纳斯达克:HVBT)股价周二创下1.87美元的52周新低,下跌4.54%。</li><li><b>域欺骗</b>(纳斯达克:PHAR)股价当天下跌0.15%,触及10.80美元的52周低点。</li><li><b>AltC收购</b>(纽约证券交易所代码:ALCC)股价周二上午触及9.85美元的52周新低,上涨0.09%。</li><li><b>传达控股母公司</b>(纽约证券交易所代码:CNVY)股价周二上午创下52周新低,触及7.74美元,下跌1.02%。</li><li><b>比特农场</b>(纳斯达克:BITF)股价周二跌至2.81美元的年度低点。股价下跌3.93%。</li><li><b>北欧美国油轮</b>(纽约证券交易所代码:NAT)股价周二跌至2.59美元,创下52周新低,涨幅为1.15%。</li><li><b>果园疗法</b>(纳斯达克:ORTX)股价触及3.20美元的年度低点。该股当日上涨0.0%(持平)。</li><li><b><a href=\"https://laohu8.com/S/CTMX\">CytomX</a>治疗学</b>(纳斯达克:CTMX)股价触及5.63美元的52周新低。该股当日上涨0.0%(持平)。</li><li><b>Alexco资源</b>(AMEX:AXU)股价今早创下1.99美元的年度新低。该股盘中上涨1.99%。</li><li><b></b></li></ul></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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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\">\nStocks That Hit 52-Week Lows On Tuesday<blockquote>周二触及52周低点的股市</blockquote>\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time smaller\">2021-07-20 22:33</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p>Before 10 a.m. ET Tuesday, 64 stocks made new 52-week lows.</p><p><blockquote>美国东部时间周二上午10点之前,64只股票创下52周新低。</blockquote></p><p> Key Facts:</p><p><blockquote>关键事实:</blockquote></p><p> <ul> <li><b>TotalEnergies</b>(NYSE:TTE) was the largest, in terms of market cap, to set a new 52-week low.</li> <li>The company with the smallest market cap to set a new 52-week low was<b>Sonoma Pharmaceuticals</b>(NASDAQ:SNOA).</li> <li><b><a href=\"https://laohu8.com/S/ARDX\">Ardelyx</a></b>(NASDAQ:ARDX) made the largest move down on the session, with shares plummeting 75.24% to reach its 52-week low.</li> </ul> Here is a list of stocks that set new 52-week lows during the first half-hour of trading on Tuesday:</p><p><blockquote><ul><li><b>总能量</b>(纽约证券交易所股票代码:TTE)是市值最大的公司,创下52周新低。</li><li>创下52周新低市值最小的公司是<b>索诺玛制药公司</b>(纳斯达克:SNOA)。</li><li><b><a href=\"https://laohu8.com/S/ARDX\">Ardelyx</a></b>(纳斯达克:ARDX)盘中跌幅最大,股价暴跌75.24%,创52周新低。</li></ul>以下是周二交易前半小时创下52周新低的股票列表:</blockquote></p><p></p><p> <ul> <li><b>TotalEnergies</b>(NYSE:TTE) shares set a new 52-week low of $40.33. The stock traded down 1.23%.</li> <li><b>DiDi Global</b>(NYSE:DIDI) stock set a new 52-week low of $10.69 on Tuesday, moving down 1.54%.</li> <li><b>China Life Insurance Co</b>(NYSE:LFC) shares set a new yearly low of $8.68 this morning. The stock was 0.0% (flat) on the session.</li> <li><b>Lufax Holding</b>(NYSE:LU) shares reached a new 52-week low of $8.50 on Tuesday morning, moving down 1.95%.</li> <li><b>Tencent Music Enter Gr</b>(NYSE:TME) stock drifted down 0.61% on Tuesday morning to hit a new 52-week low of $11.24.</li> <li><b>Autohome</b>(NYSE:ATHM) shares set a new yearly low of $57.65 this morning. The stock was down 3.11% on the session.</li> <li><b><a href=\"https://laohu8.com/S/ABCL\">AbCellera Biologics</a></b>(NASDAQ:ABCL) shares moved down 3.38% on Tuesday to hit a new 52-week low of $15.80, drifting down 3.38%.</li> <li><b>Abcam</b>(NASDAQ:ABCM) stock hit $17.34 on Tuesday morning, setting a new 52-week low for a change of down 1.41%.</li> <li><b>Agora</b>(NASDAQ:API) shares moved down 5.09% on Tuesday to hit a new 52-week low of $32.59, drifting down 5.09%.</li> <li><b>OneConnect Financial Tech</b>(NYSE:OCFT) stock set a new 52-week low of $9.26 on Tuesday, moving down 0.84%.</li> <li><b>HUYA</b>(NYSE:HUYA) stock hit a yearly low of $13.80. The stock was down 2.15% for the day.</li> <li><b>SolarWinds</b>(NYSE:SWI) stock dropped to a yearly low on Tuesday of $9.80. Shares traded down 39.72%.</li> <li><b><a href=\"https://laohu8.com/S/GOCO\">GoHealth</a></b>(NASDAQ:GOCO) stock broke to a new 52-week low of $9.27 on Tuesday. Shares of the company traded up 0.74%.</li> <li><b>Genius Sports</b>(NYSE:GENI) shares fell to $14.86 on Tuesday, setting a new 52-week low with a shift of down 0.92%.</li> <li><b>Gaotu Techedu</b>(NYSE:GOTU) stock set a new 52-week low of $9.86 on Tuesday, moving up 0.84%.</li> <li><b>MorphoSys</b>(NASDAQ:MOR) stock drifted down 1.77% on Tuesday morning to hit a new 52-week low of $16.04.</li> <li><b>Custom Truck One Source</b>(NYSE:CTOS) stock achieved a new 52-week low on Tuesday morning, hitting $7.92 and moving down 1.35%.</li> <li><b>Root</b>(NASDAQ:ROOT) stock achieved a new 52-week low on Tuesday morning, hitting $7.56 and moving down 3.39%.</li> <li><b>Outset Medical</b>(NASDAQ:OM) shares were up 0.36% for the day, having made a 52-week low of $40.98.</li> <li><b>Taboola.com</b>(NASDAQ:TBLA) stock dropped to a yearly low on Tuesday of $8.37. Shares traded up 1.05%.</li> <li><b>ATI Physical Therapy</b>(NYSE:ATIP) shares set a new yearly low of $7.72 this morning. The stock was up 0.19% on the session.</li> <li><b>Velodyne Lidar</b>(NASDAQ:VLDR) stock drifted down 5.48% on Tuesday morning to hit a new 52-week low of $8.03.</li> <li><b>GrubHub</b>(NASDAQ:GRUB) shares made a new 52-week low of $15.64 on Tuesday. The stock was down 3.8% for the day.</li> <li><b>DouYu International Hldgs</b>(NASDAQ:DOYU) stock hit a yearly low of $4.31. The stock was down 1.35% for the day.</li> <li><b>Singular Genomics Systems</b>(NASDAQ:OMIC) shares set a new yearly low of $18.35 this morning. The stock was down 4.72% on the session.</li> <li><b>Viant Technology</b>(NASDAQ:DSP) stock hit a yearly low of $16.37. The stock was down 3.22% for the day.</li> <li><b>Origin Materials</b>(NASDAQ:ORGN) shares reached a new 52-week low of $6.63 on Tuesday morning, moving down 0.37%.</li> <li><b>Meta Materials</b>(NASDAQ:MMAT) stock hit a yearly low of $3.23. The stock was down 4.88% for the day.</li> <li><b>Montauk Renewables</b>(NASDAQ:MNTK) shares hit a yearly low of $6.15. The stock was down 1.97% on the session.</li> <li><b>CareMax</b>(NASDAQ:CMAX) stock hit a yearly low of $10.25. The stock was up 0.05% for the day.</li> <li><b>HIVE Blockchain</b>(NASDAQ:HVBT) stock set a new 52-week low of $1.87 on Tuesday, moving down 4.54%.</li> <li><b>Pharming</b>(NASDAQ:PHAR) shares were down 0.15% for the day, having made a 52-week low of $10.80.</li> <li><b>AltC Acquisition</b>(NYSE:ALCC) shares reached a new 52-week low of $9.85 on Tuesday morning, moving up 0.09%.</li> <li><b>Convey Holding Parent</b>(NYSE:CNVY) stock achieved a new 52-week low on Tuesday morning, hitting $7.74 and moving down 1.02%.</li> <li><b>Bitfarms</b>(NASDAQ:BITF) stock dropped to a yearly low on Tuesday of $2.81. Shares traded down 3.93%.</li> <li><b>Nordic American Tankers</b>(NYSE:NAT) shares fell to $2.59 on Tuesday, setting a new 52-week low with a shift of up 1.15%.</li> <li><b>Orchard Therapeutics</b>(NASDAQ:ORTX) shares hit a yearly low of $3.20. The stock was 0.0% (flat) on the session.</li> <li><b><a href=\"https://laohu8.com/S/CTMX\">CytomX</a> Therapeutics</b>(NASDAQ:CTMX) stock hit a new 52-week low of $5.63. The stock was 0.0% (flat) on the session.</li> <li><b>Alexco Resource</b>(AMEX:AXU) shares set a new yearly low of $1.99 this morning. The stock was up 1.99% on the session.</li> <li><b></p><p><blockquote><ul><li><b>总能量</b>(纽约证券交易所股票代码:TTE)股价创下52周新低40.33美元。该股下跌1.23%。</li><li><b>滴滴全球</b>(纽约证券交易所代码:DIDI)股价周二创下10.69美元的52周新低,下跌1.54%。</li><li><b>中国人寿保险公司</b>(纽约证券交易所代码:LFC)股价今早创下8.68美元的年度新低。该股当日上涨0.0%(持平)。</li><li><b>陆金所控股</b>(NYSE:LU)股价周二上午触及8.50美元的52周新低,下跌1.95%。</li><li><b>腾讯控股音乐进入Gr</b>(NYSE:TME)股价周二上午下跌0.61%,触及11.24美元的52周新低。</li><li><b>汽车之家</b>(纽约证券交易所代码:ATHM)股价今早创下57.65美元的年度新低。该股盘中下跌3.11%。</li><li><b><a href=\"https://laohu8.com/S/ABCL\">AbCellera生物制品</a></b>(纳斯达克:ABCL)股价周二下跌3.38%,触及15.80美元的52周新低,下跌3.38%。</li><li><b>Abcam</b>(纳斯达克:ABCM)股价周二上午触及17.34美元,创下52周新低,跌幅为1.41%。</li><li><b>现在</b>(纳斯达克:API)股价周二下跌5.09%,触及32.59美元的52周新低,下跌5.09%。</li><li><b>金融壹账通金融科技</b>(纽约证券交易所代码:OCFT)股价周二创下9.26美元的52周新低,下跌0.84%。</li><li><b>虎牙</b>(纽约证券交易所代码:HUYA)股价跌至13.80美元的年度低点。该股当日下跌2.15%。</li><li><b>SolarWinds</b>(纽约证券交易所代码:SWI)股价周二跌至9.80美元的年度低点。股价下跌39.72%。</li><li><b><a href=\"https://laohu8.com/S/GOCO\">GoHealth</a></b>(纳斯达克:GOCO)股价周二跌至9.27美元的52周新低。该公司股价上涨0.74%。</li><li><b>天才体育</b>(纽约证券交易所代码:GENI)股价周二跌至14.86美元,创下52周新低,跌幅为0.92%。</li><li><b>高途科技</b>(纽约证券交易所代码:GOTU)股价周二创下9.86美元的52周新低,上涨0.84%。</li><li><b>形态系统</b>(纳斯达克:MOR)股价周二上午下跌1.77%,触及16.04美元的52周新低。</li><li><b>定制卡车One Source</b>(纽约证券交易所代码:CTOS)股价周二上午创下52周新低,触及7.92美元,下跌1.35%。</li><li><b>根源</b>(纳斯达克:ROOT)股价周二上午创下52周新低,触及7.56美元,下跌3.39%。</li><li><b>Outset医疗</b>(纳斯达克:OM)股价当日上涨0.36%,触及52周低点40.98美元。</li><li><b>Taboola.com</b>(纳斯达克:TBLA)股价周二跌至8.37美元的年度低点。股价上涨1.05%。</li><li><b>ATI物理治疗</b>(纽约证券交易所代码:ATIP)股价今早创下7.72美元的年度新低。该股盘中上涨0.19%。</li><li><b>威力登激光雷达</b>(纳斯达克:VLDR)股价周二上午下跌5.48%,触及8.03美元的52周新低。</li><li><b>GrubHub</b>(纳斯达克:GRUB)股价周二创下15.64美元的52周新低。该股当天下跌3.8%。</li><li><b>斗鱼国际控股</b>(纳斯达克:DOYU)股价触及4.31美元的年度低点。该股当日下跌1.35%。</li><li><b>奇异基因组系统</b>(纳斯达克:OMIC)股价今早创下18.35美元的年度新低。该股盘中下跌4.72%。</li><li><b>维安特科技</b>(纳斯达克:DSP)股价触及16.37美元的年度低点。该股当日下跌3.22%。</li><li><b>来源材料</b>(纳斯达克:ORGN)股价周二上午触及6.63美元的52周新低,下跌0.37%。</li><li><b>超材料</b>(纳斯达克:MMAT)股价触及3.23美元的年度低点。该股当日下跌4.88%。</li><li><b>蒙托克可再生能源</b>(纳斯达克:MNTK)股价跌至6.15美元的年度低点。该股盘中下跌1.97%。</li><li><b>CareMax</b>(纳斯达克:CMAX)股价触及10.25美元的年度低点。该股当日上涨0.05%。</li><li><b>蜂巢区块链</b>(纳斯达克:HVBT)股价周二创下1.87美元的52周新低,下跌4.54%。</li><li><b>域欺骗</b>(纳斯达克:PHAR)股价当天下跌0.15%,触及10.80美元的52周低点。</li><li><b>AltC收购</b>(纽约证券交易所代码:ALCC)股价周二上午触及9.85美元的52周新低,上涨0.09%。</li><li><b>传达控股母公司</b>(纽约证券交易所代码:CNVY)股价周二上午创下52周新低,触及7.74美元,下跌1.02%。</li><li><b>比特农场</b>(纳斯达克:BITF)股价周二跌至2.81美元的年度低点。股价下跌3.93%。</li><li><b>北欧美国油轮</b>(纽约证券交易所代码:NAT)股价周二跌至2.59美元,创下52周新低,涨幅为1.15%。</li><li><b>果园疗法</b>(纳斯达克:ORTX)股价触及3.20美元的年度低点。该股当日上涨0.0%(持平)。</li><li><b><a href=\"https://laohu8.com/S/CTMX\">CytomX</a>治疗学</b>(纳斯达克:CTMX)股价触及5.63美元的52周新低。该股当日上涨0.0%(持平)。</li><li><b>Alexco资源</b>(AMEX:AXU)股价今早创下1.99美元的年度新低。该股盘中上涨1.99%。</li><li><b></b></li></ul></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1177437175","content_text":"Before 10 a.m. ET Tuesday, 64 stocks made new 52-week lows.\nKey Facts:\n\nTotalEnergies(NYSE:TTE) was the largest, in terms of market cap, to set a new 52-week low.\nThe company with the smallest market cap to set a new 52-week low wasSonoma Pharmaceuticals(NASDAQ:SNOA).\nArdelyx(NASDAQ:ARDX) made the largest move down on the session, with shares plummeting 75.24% to reach its 52-week low.\n\nHere is a list of stocks that set new 52-week lows during the first half-hour of trading on Tuesday:\n\nTotalEnergies(NYSE:TTE) shares set a new 52-week low of $40.33. The stock traded down 1.23%.\nDiDi Global(NYSE:DIDI) stock set a new 52-week low of $10.69 on Tuesday, moving down 1.54%.\nChina Life Insurance Co(NYSE:LFC) shares set a new yearly low of $8.68 this morning. The stock was 0.0% (flat) on the session.\nLufax Holding(NYSE:LU) shares reached a new 52-week low of $8.50 on Tuesday morning, moving down 1.95%.\nTencent Music Enter Gr(NYSE:TME) stock drifted down 0.61% on Tuesday morning to hit a new 52-week low of $11.24.\nAutohome(NYSE:ATHM) shares set a new yearly low of $57.65 this morning. The stock was down 3.11% on the session.\nAbCellera Biologics(NASDAQ:ABCL) shares moved down 3.38% on Tuesday to hit a new 52-week low of $15.80, drifting down 3.38%.\nAbcam(NASDAQ:ABCM) stock hit $17.34 on Tuesday morning, setting a new 52-week low for a change of down 1.41%.\nAgora(NASDAQ:API) shares moved down 5.09% on Tuesday to hit a new 52-week low of $32.59, drifting down 5.09%.\nOneConnect Financial Tech(NYSE:OCFT) stock set a new 52-week low of $9.26 on Tuesday, moving down 0.84%.\nHUYA(NYSE:HUYA) stock hit a yearly low of $13.80. The stock was down 2.15% for the day.\nSolarWinds(NYSE:SWI) stock dropped to a yearly low on Tuesday of $9.80. Shares traded down 39.72%.\nGoHealth(NASDAQ:GOCO) stock broke to a new 52-week low of $9.27 on Tuesday. Shares of the company traded up 0.74%.\nGenius Sports(NYSE:GENI) shares fell to $14.86 on Tuesday, setting a new 52-week low with a shift of down 0.92%.\nGaotu Techedu(NYSE:GOTU) stock set a new 52-week low of $9.86 on Tuesday, moving up 0.84%.\nMorphoSys(NASDAQ:MOR) stock drifted down 1.77% on Tuesday morning to hit a new 52-week low of $16.04.\nCustom Truck One Source(NYSE:CTOS) stock achieved a new 52-week low on Tuesday morning, hitting $7.92 and moving down 1.35%.\nRoot(NASDAQ:ROOT) stock achieved a new 52-week low on Tuesday morning, hitting $7.56 and moving down 3.39%.\nOutset Medical(NASDAQ:OM) shares were up 0.36% for the day, having made a 52-week low of $40.98.\nTaboola.com(NASDAQ:TBLA) stock dropped to a yearly low on Tuesday of $8.37. Shares traded up 1.05%.\nATI Physical Therapy(NYSE:ATIP) shares set a new yearly low of $7.72 this morning. The stock was up 0.19% on the session.\nVelodyne Lidar(NASDAQ:VLDR) stock drifted down 5.48% on Tuesday morning to hit a new 52-week low of $8.03.\nGrubHub(NASDAQ:GRUB) shares made a new 52-week low of $15.64 on Tuesday. The stock was down 3.8% for the day.\nDouYu International Hldgs(NASDAQ:DOYU) stock hit a yearly low of $4.31. The stock was down 1.35% for the day.\nSingular Genomics Systems(NASDAQ:OMIC) shares set a new yearly low of $18.35 this morning. The stock was down 4.72% on the session.\nViant Technology(NASDAQ:DSP) stock hit a yearly low of $16.37. The stock was down 3.22% for the day.\nOrigin Materials(NASDAQ:ORGN) shares reached a new 52-week low of $6.63 on Tuesday morning, moving down 0.37%.\nMeta Materials(NASDAQ:MMAT) stock hit a yearly low of $3.23. The stock was down 4.88% for the day.\nMontauk Renewables(NASDAQ:MNTK) shares hit a yearly low of $6.15. The stock was down 1.97% on the session.\nCareMax(NASDAQ:CMAX) stock hit a yearly low of $10.25. The stock was up 0.05% for the day.\nHIVE Blockchain(NASDAQ:HVBT) stock set a new 52-week low of $1.87 on Tuesday, moving down 4.54%.\nPharming(NASDAQ:PHAR) shares were down 0.15% for the day, having made a 52-week low of $10.80.\nAltC Acquisition(NYSE:ALCC) shares reached a new 52-week low of $9.85 on Tuesday morning, moving up 0.09%.\nConvey Holding Parent(NYSE:CNVY) stock achieved a new 52-week low on Tuesday morning, hitting $7.74 and moving down 1.02%.\nBitfarms(NASDAQ:BITF) stock dropped to a yearly low on Tuesday of $2.81. Shares traded down 3.93%.\nNordic American Tankers(NYSE:NAT) shares fell to $2.59 on Tuesday, setting a new 52-week low with a shift of up 1.15%.\nOrchard Therapeutics(NASDAQ:ORTX) shares hit a yearly low of $3.20. The stock was 0.0% (flat) on the session.\nCytomX Therapeutics(NASDAQ:CTMX) stock hit a new 52-week low of $5.63. The stock was 0.0% (flat) on the session.\nAlexco Resource(AMEX:AXU) shares set a new yearly low of $1.99 this morning. The stock was up 1.99% on the session.\nSera Prognostics(NASDAQ:SERA) shares moved down 0.2% on Tuesday to hit a new 52-week low of $9.51, drifting down 0.2%.\nDynamics Special Purpose(NASDAQ:DYNS) shares moved down 0.2% on Tuesday to hit a new 52-week low of $9.76, drifting down 0.2%.\nGolden Star Resources(AMEX:GSS) stock set a new 52-week low of $2.20 on Tuesday, moving 0.0% (flat).\nAGM Gr Hldgs(NASDAQ:AGMH) stock set a new 52-week low of $8.60 on Tuesday, moving down 4.72%.\nFreeline Therapeutics(NASDAQ:FRLN) shares reached a new 52-week low of $6.07 on Tuesday morning, moving down 5.97%.\nEnsysce Biosciences(NASDAQ:ENSC) stock achieved a new 52-week low on Tuesday morning, hitting $8.80 and moving down 6.84%.\n4d pharma(NASDAQ:LBPS) shares moved down 1.47% on Tuesday to hit a new 52-week low of $9.36, drifting down 1.47%.\nDiginex(NASDAQ:EQOS) stock broke to a new 52-week low of $4.89 on Tuesday. Shares of the company traded down 2.38%.\nArdelyx(NASDAQ:ARDX) shares were down 75.24% for the day, having made a 52-week low of $1.83.\nARYA Sciences Acquisition(NASDAQ:ARYE) stock drifted down 0.7% on Tuesday morning to hit a new 52-week low of $9.96.\nPop Culture Gr(NASDAQ:CPOP) stock drifted down 1.61% on Tuesday morning to hit a new 52-week low of $6.57.\nFirst Capital(NASDAQ:FCAP) shares moved up 2.32% on Tuesday to hit a new 52-week low of $42.55, drifting up 2.32%.\nMedicenna Therapeutics(NASDAQ:MDNA) stock broke to a new 52-week low of $2.45 on Tuesday. Shares of the company traded down 2.77%.\nSunlands Technology(NYSE:STG) stock achieved a new 52-week low on Tuesday morning, hitting $0.76 and moving down 4.31%.\nBridgford Foods(NASDAQ:BRID) shares made a new 52-week low of $13.00 on Tuesday. The stock was down 0.31% for the day.\nLiminal Biosciences(NASDAQ:LMNL) stock set a new 52-week low of $3.27 on Tuesday, moving up 0.19%.\nIntrusion(NASDAQ:INTZ) stock hit a yearly low of $4.32. The stock was down 47.29% for the day.\nJiuzi Holdings(NASDAQ:JZXN) shares set a new 52-week low of $3.51. The stock traded down 5.41%.\nVersus Systems(NASDAQ:VS) shares set a new 52-week low of $4.52. The stock traded down 0.62%.\nTian Ruixiang Holdings(NASDAQ:TIRX) stock set a new 52-week low of $4.56 on Tuesday, moving up 0.15%.\nECMOHO(NASDAQ:MOHO) shares fell to $1.25 on Tuesday, setting a new 52-week low with a shift of down 5.04%.\nChembio Diagnostics(NASDAQ:CEMI) shares made a new 52-week low of $2.20 on Tuesday. The stock was down 7.52% for the day.\nDallasNews(NASDAQ:DALN) shares reached a new 52-week low of $6.39 on Tuesday morning, moving up 0.2%.\nBiondVax Pharmaceuticals(NASDAQ:BVXV) shares moved down 2.4% on Tuesday to hit a new 52-week low of $2.28, drifting down 2.4%.\nSonoma Pharmaceuticals(NASDAQ:SNOA) stock broke to a new 52-week low of $5.36 on Tuesday. Shares of the company traded down 4.72%.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":522,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":178820481,"gmtCreate":1626798441443,"gmtModify":1633770904204,"author":{"id":"3574834972684297","authorId":"3574834972684297","name":"Joanteo","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574834972684297","authorIdStr":"3574834972684297"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/178820481","repostId":"1171942645","repostType":4,"isVote":1,"tweetType":1,"viewCount":623,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":173109006,"gmtCreate":1626624693405,"gmtModify":1633925427139,"author":{"id":"3574834972684297","authorId":"3574834972684297","name":"Joanteo","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574834972684297","authorIdStr":"3574834972684297"},"themes":[],"htmlText":"Great","listText":"Great","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/173109006","repostId":"2152811496","repostType":4,"isVote":1,"tweetType":1,"viewCount":641,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":173100674,"gmtCreate":1626624572498,"gmtModify":1633925427500,"author":{"id":"3574834972684297","authorId":"3574834972684297","name":"Joanteo","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574834972684297","authorIdStr":"3574834972684297"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/173100674","repostId":"2152368129","repostType":4,"isVote":1,"tweetType":1,"viewCount":799,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":173100842,"gmtCreate":1626624546886,"gmtModify":1633925427621,"author":{"id":"3574834972684297","authorId":"3574834972684297","name":"Joanteo","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574834972684297","authorIdStr":"3574834972684297"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/173100842","repostId":"1139907709","repostType":4,"repost":{"id":"1139907709","kind":"news","pubTimestamp":1626568617,"share":"https://www.laohu8.com/m/news/1139907709?lang=zh_CN&edition=full","pubTime":"2021-07-18 08:36","market":"hk","language":"en","title":"Wall Street Crime And Punishment: Thomas F. Quinn's Mad, Mad, Mad, Mad World<blockquote>华尔街罪与罚:托马斯·F·奎因的疯狂、疯狂、疯狂、疯狂的世界</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1139907709","media":"Benzinga","summary":"Does crime pay?\nIn August 1988, French authorities arrested an American expatriate named Thomas F. Q","content":"<p><div> Does crime pay? In August 1988, French authorities arrested an American expatriate named Thomas F. Quinn for orchestrating a global securities scheme that defrauded investors out of $500 million. As ...</p><p><blockquote><div>犯罪有报酬吗?1988年8月,法国当局逮捕了一位名叫托马斯·F·奎因的美国侨民,罪名是他策划了一项全球证券计划,诈骗投资者5亿美元。作为...</div></blockquote></p><p> <a href=\"https://www.benzinga.com/government/21/07/21990476/wall-street-crime-and-punishment-thomas-f-quinns-mad-mad-mad-mad-world\">网页链接</a> </div> </p><p><blockquote><a href=\"https://www.benzinga.com/government/21/07/21990476/wall-street-crime-and-punishment-thomas-f-quinns-mad-mad-mad-mad-world\">网页连接</a></blockquote></p><p></p>","source":"lsy1606299360108","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wall Street Crime And Punishment: Thomas F. Quinn's Mad, Mad, Mad, Mad World<blockquote>华尔街罪与罚:托马斯·F·奎因的疯狂、疯狂、疯狂、疯狂的世界</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\">\nWall Street Crime And Punishment: Thomas F. Quinn's Mad, Mad, Mad, Mad World<blockquote>华尔街罪与罚:托马斯·F·奎因的疯狂、疯狂、疯狂、疯狂的世界</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Benzinga</strong><span class=\"h-time small\">2021-07-18 08:36</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> Does crime pay? In August 1988, French authorities arrested an American expatriate named Thomas F. Quinn for orchestrating a global securities scheme that defrauded investors out of $500 million. As ...</p><p><blockquote><div>犯罪有报酬吗?1988年8月,法国当局逮捕了一位名叫托马斯·F·奎因的美国侨民,罪名是他策划了一项全球证券计划,诈骗投资者5亿美元。作为...</div></blockquote></p><p> <a href=\"https://www.benzinga.com/government/21/07/21990476/wall-street-crime-and-punishment-thomas-f-quinns-mad-mad-mad-mad-world\">网页链接</a> </div> </p><p><blockquote><a href=\"https://www.benzinga.com/government/21/07/21990476/wall-street-crime-and-punishment-thomas-f-quinns-mad-mad-mad-mad-world\">网页连接</a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://www.benzinga.com/government/21/07/21990476/wall-street-crime-and-punishment-thomas-f-quinns-mad-mad-mad-mad-world\">Benzinga</a></p>\n<p>为提升您的阅读体验,我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.benzinga.com/government/21/07/21990476/wall-street-crime-and-punishment-thomas-f-quinns-mad-mad-mad-mad-world","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1139907709","content_text":"Does crime pay?\nIn August 1988, French authorities arrested an American expatriate named Thomas F. Quinn for orchestrating a global securities scheme that defrauded investors out of $500 million.\nAs an unapologetic financial miscreant with a lifelong penchant for fraud, the French escapade represented something of a career peak for Quinn, whose flair of swindling took on an astonishing level of organizing that left no corner of the world untouched.\nIllusory Assets For Sale:Thomas Francis Quinn was born in Brooklyn in 1932; his father drove a cement truck and his mother was a housewife who made extra money selling clothing and jewelry from the family’s garage.\nQuinn was an altar boy in his childhood and was the first member of his family to pursue higher education, graduating from St. John’s University Law School and passing the bar in 1962.\nQuinn opted to go into business for himself, starting a brokerage firm in New York called Thomas, Williams & Lee.The main focus of this firm became the promotion of Kent Industries,a company that claimed to own Florida property valued at $2 million.\nThere was a slight problem — Kent Industries didn’t own anything in the Sunshine State, and this inconvenient fact helped to introduce Quinn to the U.S. Securities and Exchange Commission (SEC).\nLong story short: Quinn received a lifetime banishment from the SEC in 1966 from doing business with brokers and dealers thanks to what the agency defined as his “flagrant fraudulent practices” related to the Kent Industries assets, which the regulator considered to be “almost completely illusory.”\nThe U.S. Department of Justice (DOJ) was a bit slower in dealing with Quinn, but by 1970 he was sent to jail for six months and was later permanently disbarred from practicing law.\nA Job With The Mob:Prior to losing his law license, Quinn gained a partnership in a New York-based securities law firm that set off several alarms among federal law enforcement agencies. Indeed, an FBI report from 1983 recalled this firm’s chief focus was being responsible for the “funds of hoodlum-controlled companies.”\nQuinn was on both the FBI’s and SEC’s respective radars in the early 1980s for his role with two companies,Sundance Gold Mining and Aquarius Gold Exploration, that claimed to have discovered gold in Suriname. The companies created a flurry of excitement among investors, but an investigation into their operations found a hitherto undeclared connection with the Genovese crime family.\nThe SEC filed a civil complaint against Quinn in 1983, charging him with fraudulently manipulating and promoting the companies’ stocks.\nThree years later, he reached a settlement with the regulator by agreeing to permanently stay away from anything related to securities.\nThe FBI, despite finding Mafia fingerprints in Quinn’s business affairs, declined to press charges against him.\nRealizing that he wore out his welcome in his home country, Quinn and his common-law wife Rochelle Rothfleisch decided to relocate to France and to up his game to an unprecedented operation.\nBoiler Room Follies:The circumstances and details of how Quinn built his swindling masterpiece are a bit fuzzy, but it is believed that the scheme was first hatched in 1984 and was coordinated out of his $6 million villa in the south of France.\nQuinn set up an archipelago of offices in several European countries and in Dubai, Jamaica and the tiny South Pacific island nation of Vanuatu, and he gave them phony names that sounded similar to respectable brokerages.\nEach office was staffed with salesmen who were tasked to sell stocks for 20 U.S. corporations to individual investors around the world. The stocks in question were mostly shell companies trading on the over-the-counter exchanges that Quinn picked up for pennies, but they were resold by Quinn’s salesmen at inflated amounts.\nThe investors were culled from mailing lists sold by publishing companies and professional organizations, as well as from respondents to advertisements placed in newsletters focused on the over-the-counter markets.\nQuinn’s henchmen would telephone the investors — nearly all of whom were novices to investing — and do a high-pressure sales spiel that, more often than not, resulted in the separation of the gullible targets from their money.\nQuinn’s team aimed at European, Australian, Middle Eastern and Hong Kong neophyte investors. The only country off-limits from this scheme was the U.S. Quinn was already on the FBI’s radar and the last thing he wanted was to give them cause to pursue him anew.\nA Temporary Setback: In 1988, Quinn’s arrest in France saw him charged with securities fraud, forgery of administrative documents and the possession of two fake Greek passports. His detention and the subsequent arrest of 20 of his salesmen created a fascinating dilemma for banking and law enforcement agencies in multiple countries.\nFor starters, no one could easily figure out where the majority of Quinn’s $500 million in ill-gotten gains wound up. Transfers were traced through banks in Switzerland, Luxembourg and Gibraltar, as well as the beleaguered Bank of Credit and Commerce International in Tampa, Florida, which gained national attention as a favored depository for those involved in drug money laundering. But where the money eventually landed was anyone’s guess, and Quinn’s talent for adopting aliases to cover his business tracks confounded investigators.\nAlso, it was unclear regarding how many people were swindled. A pair of class-action lawsuits brought out a total of 500 people trying to regain their money, but some observers of this case speculated the number could have been higher — some investors might have seen Quinn’s scam as a means of evading local taxes and foreign currency exchanges and would then have to answer to their authorities if this chicanery came to light.\nThe SEC got into the picture because the stocks being sold in the scheme were all U.S. companies. The agency hosted a meeting in Washington D.C. with law enforcement officers and prosecutors from eight European countries and Australia, with the hopes of sorting out the mess. But since no Americans were defrauded in this elaborate charade, Quinn did not face criminal charges in his own country, although the SEC temporarily froze his U.S. assets.\nIn France, Quinn was initially released after agreeing to reimburse his French victims but was arrested again when the Swiss government demanded his extradition.\nHe came to trial in 1991 and was only sentenced to four years in prison, but his sentence was reduced to include time served and he was extradited to Switzerland.\nHis Alpine detention was brief and by the mid-1990s he returned to the U.S. and rented a luxury home in Greenwich, Connecticut, a swanky suburb of New York City.\nAn Eventual Stumble:One of Quinn’s neighbors in Greenwich wasMartin Frankel,a financier with his own addiction to swindling.\nIn 1999, the Wall Street Journal used anonymous “people familiar with the matter” to claim Quinn assisted Frankel in his efforts to raise money for a controlled investment fund designed to buy insurance companies — but this turned out to be an embezzlement scam that resulted in Frankel fleeing the U.S. to Germany on a phony passport.\nFrankel was eventually extradited and spent nearly two decades in prison, but Quinn was never charged for being a partner in Frankel’s shenanigans.\nFor most of the 1990s and the 2000s, Quinn kept a very low public profile, although law enforcement tracked his travels to such far-flung places as the Maldives and the United Arab Emirates.\nIn 2004, he made a rare appearance at the Irish Derby as the co-owner of the winning thoroughbred Grey Swallow. Photographs of Quinn with the winning racehorse marked the only time that he was ever photographed in a public gathering. (Copyright restrictions prevent us from reprinting the photograph here, butthis linkon the RTE website shows Quinn, standing second from right, at the conclusion of the championship race.)\nIn November 2009, Quinn’s luck finally ran out. On a trip back from Ireland to New York’s JFK International Airport, he was arrested for his role within a ring of embezzlers that sought to defraud a pair of British telecommunications companies out of more than $60 million. The scheme had the global hallmarks of Quinn’s earlier criminal triumph, with funds being disbursed to seven countries across four continents.\nQuinn was immediately jailed upon his arrest and was denied bail because it was feared he would attempt to flee the country. He eventually pleaded guilty to a single count of wire fraud and, despite exhortations to avoid prison due to health problems, he was sentenced in March 2013 to 84 months in prison. He was released in May 2016.\nWhat became of Quinn since his release is unknown. No obituary for him has been published, and he would be 89 years old if he is still alive.\nOne information-tracking website listed him residing at a Brooklyn address, but the website also listed an accompanying telephone number that is not in service. Any readers who may have information on Quinn’s whereabouts should contact us and we will offer an update on his story.\nQuinn rarely spoke to anyone about his criminal activities. During an investigative session after his final arrest, he reportedly would only answer questions through a series of eyelid blinks. When a reporter sought to interview him in 1995, he demanded his privacy.\n\"Just forget me,\" Quinn said. \"I've got a lot of trouble and a lot of personal grief. I'm just trying to get on with my life. I'm not in the securities business and never will be again.\"","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":786,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":170261731,"gmtCreate":1626436807623,"gmtModify":1633926779583,"author":{"id":"3574834972684297","authorId":"3574834972684297","name":"Joanteo","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574834972684297","authorIdStr":"3574834972684297"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/170261731","repostId":"1141989621","repostType":4,"isVote":1,"tweetType":1,"viewCount":629,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":174936515,"gmtCreate":1627056553437,"gmtModify":1633768349642,"author":{"id":"3574834972684297","authorId":"3574834972684297","name":"Joanteo","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574834972684297","authorIdStr":"3574834972684297"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/174936515","repostId":"2153983997","repostType":4,"isVote":1,"tweetType":1,"viewCount":395,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":173100842,"gmtCreate":1626624546886,"gmtModify":1633925427621,"author":{"id":"3574834972684297","authorId":"3574834972684297","name":"Joanteo","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574834972684297","authorIdStr":"3574834972684297"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/173100842","repostId":"1139907709","repostType":4,"repost":{"id":"1139907709","kind":"news","pubTimestamp":1626568617,"share":"https://www.laohu8.com/m/news/1139907709?lang=zh_CN&edition=full","pubTime":"2021-07-18 08:36","market":"hk","language":"en","title":"Wall Street Crime And Punishment: Thomas F. Quinn's Mad, Mad, Mad, Mad World<blockquote>华尔街罪与罚:托马斯·F·奎因的疯狂、疯狂、疯狂、疯狂的世界</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1139907709","media":"Benzinga","summary":"Does crime pay?\nIn August 1988, French authorities arrested an American expatriate named Thomas F. Q","content":"<p><div> Does crime pay? In August 1988, French authorities arrested an American expatriate named Thomas F. Quinn for orchestrating a global securities scheme that defrauded investors out of $500 million. As ...</p><p><blockquote><div>犯罪有报酬吗?1988年8月,法国当局逮捕了一位名叫托马斯·F·奎因的美国侨民,罪名是他策划了一项全球证券计划,诈骗投资者5亿美元。作为...</div></blockquote></p><p> <a href=\"https://www.benzinga.com/government/21/07/21990476/wall-street-crime-and-punishment-thomas-f-quinns-mad-mad-mad-mad-world\">网页链接</a> </div> </p><p><blockquote><a href=\"https://www.benzinga.com/government/21/07/21990476/wall-street-crime-and-punishment-thomas-f-quinns-mad-mad-mad-mad-world\">网页连接</a></blockquote></p><p></p>","source":"lsy1606299360108","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wall Street Crime And Punishment: Thomas F. Quinn's Mad, Mad, Mad, Mad World<blockquote>华尔街罪与罚:托马斯·F·奎因的疯狂、疯狂、疯狂、疯狂的世界</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\">\nWall Street Crime And Punishment: Thomas F. Quinn's Mad, Mad, Mad, Mad World<blockquote>华尔街罪与罚:托马斯·F·奎因的疯狂、疯狂、疯狂、疯狂的世界</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Benzinga</strong><span class=\"h-time small\">2021-07-18 08:36</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> Does crime pay? In August 1988, French authorities arrested an American expatriate named Thomas F. Quinn for orchestrating a global securities scheme that defrauded investors out of $500 million. As ...</p><p><blockquote><div>犯罪有报酬吗?1988年8月,法国当局逮捕了一位名叫托马斯·F·奎因的美国侨民,罪名是他策划了一项全球证券计划,诈骗投资者5亿美元。作为...</div></blockquote></p><p> <a href=\"https://www.benzinga.com/government/21/07/21990476/wall-street-crime-and-punishment-thomas-f-quinns-mad-mad-mad-mad-world\">网页链接</a> </div> </p><p><blockquote><a href=\"https://www.benzinga.com/government/21/07/21990476/wall-street-crime-and-punishment-thomas-f-quinns-mad-mad-mad-mad-world\">网页连接</a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://www.benzinga.com/government/21/07/21990476/wall-street-crime-and-punishment-thomas-f-quinns-mad-mad-mad-mad-world\">Benzinga</a></p>\n<p>为提升您的阅读体验,我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.benzinga.com/government/21/07/21990476/wall-street-crime-and-punishment-thomas-f-quinns-mad-mad-mad-mad-world","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1139907709","content_text":"Does crime pay?\nIn August 1988, French authorities arrested an American expatriate named Thomas F. Quinn for orchestrating a global securities scheme that defrauded investors out of $500 million.\nAs an unapologetic financial miscreant with a lifelong penchant for fraud, the French escapade represented something of a career peak for Quinn, whose flair of swindling took on an astonishing level of organizing that left no corner of the world untouched.\nIllusory Assets For Sale:Thomas Francis Quinn was born in Brooklyn in 1932; his father drove a cement truck and his mother was a housewife who made extra money selling clothing and jewelry from the family’s garage.\nQuinn was an altar boy in his childhood and was the first member of his family to pursue higher education, graduating from St. John’s University Law School and passing the bar in 1962.\nQuinn opted to go into business for himself, starting a brokerage firm in New York called Thomas, Williams & Lee.The main focus of this firm became the promotion of Kent Industries,a company that claimed to own Florida property valued at $2 million.\nThere was a slight problem — Kent Industries didn’t own anything in the Sunshine State, and this inconvenient fact helped to introduce Quinn to the U.S. Securities and Exchange Commission (SEC).\nLong story short: Quinn received a lifetime banishment from the SEC in 1966 from doing business with brokers and dealers thanks to what the agency defined as his “flagrant fraudulent practices” related to the Kent Industries assets, which the regulator considered to be “almost completely illusory.”\nThe U.S. Department of Justice (DOJ) was a bit slower in dealing with Quinn, but by 1970 he was sent to jail for six months and was later permanently disbarred from practicing law.\nA Job With The Mob:Prior to losing his law license, Quinn gained a partnership in a New York-based securities law firm that set off several alarms among federal law enforcement agencies. Indeed, an FBI report from 1983 recalled this firm’s chief focus was being responsible for the “funds of hoodlum-controlled companies.”\nQuinn was on both the FBI’s and SEC’s respective radars in the early 1980s for his role with two companies,Sundance Gold Mining and Aquarius Gold Exploration, that claimed to have discovered gold in Suriname. The companies created a flurry of excitement among investors, but an investigation into their operations found a hitherto undeclared connection with the Genovese crime family.\nThe SEC filed a civil complaint against Quinn in 1983, charging him with fraudulently manipulating and promoting the companies’ stocks.\nThree years later, he reached a settlement with the regulator by agreeing to permanently stay away from anything related to securities.\nThe FBI, despite finding Mafia fingerprints in Quinn’s business affairs, declined to press charges against him.\nRealizing that he wore out his welcome in his home country, Quinn and his common-law wife Rochelle Rothfleisch decided to relocate to France and to up his game to an unprecedented operation.\nBoiler Room Follies:The circumstances and details of how Quinn built his swindling masterpiece are a bit fuzzy, but it is believed that the scheme was first hatched in 1984 and was coordinated out of his $6 million villa in the south of France.\nQuinn set up an archipelago of offices in several European countries and in Dubai, Jamaica and the tiny South Pacific island nation of Vanuatu, and he gave them phony names that sounded similar to respectable brokerages.\nEach office was staffed with salesmen who were tasked to sell stocks for 20 U.S. corporations to individual investors around the world. The stocks in question were mostly shell companies trading on the over-the-counter exchanges that Quinn picked up for pennies, but they were resold by Quinn’s salesmen at inflated amounts.\nThe investors were culled from mailing lists sold by publishing companies and professional organizations, as well as from respondents to advertisements placed in newsletters focused on the over-the-counter markets.\nQuinn’s henchmen would telephone the investors — nearly all of whom were novices to investing — and do a high-pressure sales spiel that, more often than not, resulted in the separation of the gullible targets from their money.\nQuinn’s team aimed at European, Australian, Middle Eastern and Hong Kong neophyte investors. The only country off-limits from this scheme was the U.S. Quinn was already on the FBI’s radar and the last thing he wanted was to give them cause to pursue him anew.\nA Temporary Setback: In 1988, Quinn’s arrest in France saw him charged with securities fraud, forgery of administrative documents and the possession of two fake Greek passports. His detention and the subsequent arrest of 20 of his salesmen created a fascinating dilemma for banking and law enforcement agencies in multiple countries.\nFor starters, no one could easily figure out where the majority of Quinn’s $500 million in ill-gotten gains wound up. Transfers were traced through banks in Switzerland, Luxembourg and Gibraltar, as well as the beleaguered Bank of Credit and Commerce International in Tampa, Florida, which gained national attention as a favored depository for those involved in drug money laundering. But where the money eventually landed was anyone’s guess, and Quinn’s talent for adopting aliases to cover his business tracks confounded investigators.\nAlso, it was unclear regarding how many people were swindled. A pair of class-action lawsuits brought out a total of 500 people trying to regain their money, but some observers of this case speculated the number could have been higher — some investors might have seen Quinn’s scam as a means of evading local taxes and foreign currency exchanges and would then have to answer to their authorities if this chicanery came to light.\nThe SEC got into the picture because the stocks being sold in the scheme were all U.S. companies. The agency hosted a meeting in Washington D.C. with law enforcement officers and prosecutors from eight European countries and Australia, with the hopes of sorting out the mess. But since no Americans were defrauded in this elaborate charade, Quinn did not face criminal charges in his own country, although the SEC temporarily froze his U.S. assets.\nIn France, Quinn was initially released after agreeing to reimburse his French victims but was arrested again when the Swiss government demanded his extradition.\nHe came to trial in 1991 and was only sentenced to four years in prison, but his sentence was reduced to include time served and he was extradited to Switzerland.\nHis Alpine detention was brief and by the mid-1990s he returned to the U.S. and rented a luxury home in Greenwich, Connecticut, a swanky suburb of New York City.\nAn Eventual Stumble:One of Quinn’s neighbors in Greenwich wasMartin Frankel,a financier with his own addiction to swindling.\nIn 1999, the Wall Street Journal used anonymous “people familiar with the matter” to claim Quinn assisted Frankel in his efforts to raise money for a controlled investment fund designed to buy insurance companies — but this turned out to be an embezzlement scam that resulted in Frankel fleeing the U.S. to Germany on a phony passport.\nFrankel was eventually extradited and spent nearly two decades in prison, but Quinn was never charged for being a partner in Frankel’s shenanigans.\nFor most of the 1990s and the 2000s, Quinn kept a very low public profile, although law enforcement tracked his travels to such far-flung places as the Maldives and the United Arab Emirates.\nIn 2004, he made a rare appearance at the Irish Derby as the co-owner of the winning thoroughbred Grey Swallow. Photographs of Quinn with the winning racehorse marked the only time that he was ever photographed in a public gathering. (Copyright restrictions prevent us from reprinting the photograph here, butthis linkon the RTE website shows Quinn, standing second from right, at the conclusion of the championship race.)\nIn November 2009, Quinn’s luck finally ran out. On a trip back from Ireland to New York’s JFK International Airport, he was arrested for his role within a ring of embezzlers that sought to defraud a pair of British telecommunications companies out of more than $60 million. The scheme had the global hallmarks of Quinn’s earlier criminal triumph, with funds being disbursed to seven countries across four continents.\nQuinn was immediately jailed upon his arrest and was denied bail because it was feared he would attempt to flee the country. He eventually pleaded guilty to a single count of wire fraud and, despite exhortations to avoid prison due to health problems, he was sentenced in March 2013 to 84 months in prison. He was released in May 2016.\nWhat became of Quinn since his release is unknown. No obituary for him has been published, and he would be 89 years old if he is still alive.\nOne information-tracking website listed him residing at a Brooklyn address, but the website also listed an accompanying telephone number that is not in service. Any readers who may have information on Quinn’s whereabouts should contact us and we will offer an update on his story.\nQuinn rarely spoke to anyone about his criminal activities. During an investigative session after his final arrest, he reportedly would only answer questions through a series of eyelid blinks. When a reporter sought to interview him in 1995, he demanded his privacy.\n\"Just forget me,\" Quinn said. \"I've got a lot of trouble and a lot of personal grief. I'm just trying to get on with my life. I'm not in the securities business and never will be again.\"","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":786,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":801167553,"gmtCreate":1627488711972,"gmtModify":1633764483175,"author":{"id":"3574834972684297","authorId":"3574834972684297","name":"Joanteo","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574834972684297","authorIdStr":"3574834972684297"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/801167553","repostId":"2154721924","repostType":4,"repost":{"id":"2154721924","kind":"highlight","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":1627486574,"share":"https://www.laohu8.com/m/news/2154721924?lang=zh_CN&edition=full","pubTime":"2021-07-28 23:36","market":"us","language":"en","title":"Why AMD's Stock Is Trading Higher Today<blockquote>为什么AMD的股票今天走高</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2154721924","media":"Tiger Newspress","summary":"AMD is trading higher Wednesday morning after the company late Tuesday announced better-than-expecte","content":"<p>AMD is trading higher Wednesday morning after the company late Tuesday announced better-than-expected second-quarter financial results and issued third-quarter guidance above estimates.</p><p><blockquote>AMD周二晚间公布了好于预期的第二季度财务业绩,并发布了高于预期的第三季度指引,周三上午该公司股价走高。</blockquote></p><p> AMD reported quarterly earnings of 63 cents per share, which beat the estimate of 54 cents per share. The company reported quarterly revenue of $3.85 billion, which beat the estimate of $3.62 billion. AMD said it expects third-quarter revenue to be in a range of $4 billion to $4.2 billion, which was higher than the estimate of $3.82 billion.</p><p><blockquote>AMD公布季度收益为每股63美分,超出预期的每股54美分。该公司公布季度营收为38.5亿美元,超出预期的36.2亿美元。AMD表示,预计第三季度营收将在40亿至42亿美元之间,高于预期的38.2亿美元。</blockquote></p><p> \"Our business performed exceptionally well in the second quarter as revenue and operating margin doubled and profitability more than tripled year-over-year,” said Lisa Su, president and CEO of AMD.</p><p><blockquote>AMD总裁兼首席执行官Lisa Su表示:“我们的业务在第二季度表现异常出色,收入和营业利润率同比翻了一番,盈利能力同比增长了两倍多。”</blockquote></p><p> <b>Analyst Assessment:</b> Rosenblatt analyst Hans Mosesmann maintained AMD with a Buy rating and raised the price target from $135 to $150.</p><p><blockquote><b>分析员评估:</b>Rosenblatt分析师Hans Mosesmann维持AMD买入评级,并将目标价从135美元上调至150美元。</blockquote></p><p> Susquehanna analyst Christopher Rolland maintained AMD with a Positive rating and raised the price target from $125 to $130.</p><p><blockquote>Susquehanna分析师Christopher Rolland维持AMD正面评级,并将目标价从125美元上调至130美元。</blockquote></p><p> <b>Price Action: </b>AMD has traded as high as $99.23 and as low as $67.02 over a 52-week period.</p><p><blockquote><b>价格走势:</b>AMD在52周内的交易价格最高为99.23美元,最低为67.02美元。</blockquote></p><p> At last check Wednesday, the stock was up 5% at $95.6.</p><p><blockquote>截至周三最后一次检查,该股上涨5%,至95.6美元。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/a0dd3dd7be87bfa480b05a3c26ee3f62\" tg-width=\"840\" tg-height=\"470\" 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>Why AMD's Stock Is Trading Higher Today<blockquote>为什么AMD的股票今天走高</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 AMD's Stock Is Trading Higher Today<blockquote>为什么AMD的股票今天走高</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-07-28 23:36</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>AMD is trading higher Wednesday morning after the company late Tuesday announced better-than-expected second-quarter financial results and issued third-quarter guidance above estimates.</p><p><blockquote>AMD周二晚间公布了好于预期的第二季度财务业绩,并发布了高于预期的第三季度指引,周三上午该公司股价走高。</blockquote></p><p> AMD reported quarterly earnings of 63 cents per share, which beat the estimate of 54 cents per share. The company reported quarterly revenue of $3.85 billion, which beat the estimate of $3.62 billion. AMD said it expects third-quarter revenue to be in a range of $4 billion to $4.2 billion, which was higher than the estimate of $3.82 billion.</p><p><blockquote>AMD公布季度收益为每股63美分,超出预期的每股54美分。该公司公布季度营收为38.5亿美元,超出预期的36.2亿美元。AMD表示,预计第三季度营收将在40亿至42亿美元之间,高于预期的38.2亿美元。</blockquote></p><p> \"Our business performed exceptionally well in the second quarter as revenue and operating margin doubled and profitability more than tripled year-over-year,” said Lisa Su, president and CEO of AMD.</p><p><blockquote>AMD总裁兼首席执行官Lisa Su表示:“我们的业务在第二季度表现异常出色,收入和营业利润率同比翻了一番,盈利能力同比增长了两倍多。”</blockquote></p><p> <b>Analyst Assessment:</b> Rosenblatt analyst Hans Mosesmann maintained AMD with a Buy rating and raised the price target from $135 to $150.</p><p><blockquote><b>分析员评估:</b>Rosenblatt分析师Hans Mosesmann维持AMD买入评级,并将目标价从135美元上调至150美元。</blockquote></p><p> Susquehanna analyst Christopher Rolland maintained AMD with a Positive rating and raised the price target from $125 to $130.</p><p><blockquote>Susquehanna分析师Christopher Rolland维持AMD正面评级,并将目标价从125美元上调至130美元。</blockquote></p><p> <b>Price Action: </b>AMD has traded as high as $99.23 and as low as $67.02 over a 52-week period.</p><p><blockquote><b>价格走势:</b>AMD在52周内的交易价格最高为99.23美元,最低为67.02美元。</blockquote></p><p> At last check Wednesday, the stock was up 5% at $95.6.</p><p><blockquote>截至周三最后一次检查,该股上涨5%,至95.6美元。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/a0dd3dd7be87bfa480b05a3c26ee3f62\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMD":"美国超微公司"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2154721924","content_text":"AMD is trading higher Wednesday morning after the company late Tuesday announced better-than-expected second-quarter financial results and issued third-quarter guidance above estimates.\nAMD reported quarterly earnings of 63 cents per share, which beat the estimate of 54 cents per share. The company reported quarterly revenue of $3.85 billion, which beat the estimate of $3.62 billion. AMD said it expects third-quarter revenue to be in a range of $4 billion to $4.2 billion, which was higher than the estimate of $3.82 billion.\n\"Our business performed exceptionally well in the second quarter as revenue and operating margin doubled and profitability more than tripled year-over-year,” said Lisa Su, president and CEO of AMD.\nAnalyst Assessment: Rosenblatt analyst Hans Mosesmann maintained AMD with a Buy rating and raised the price target from $135 to $150.\nSusquehanna analyst Christopher Rolland maintained AMD with a Positive rating and raised the price target from $125 to $130.\nPrice Action: AMD has traded as high as $99.23 and as low as $67.02 over a 52-week period.\nAt last check Wednesday, the stock was up 5% at $95.6.","news_type":1,"symbols_score_info":{"AMD":0.9}},"isVote":1,"tweetType":1,"viewCount":1660,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":809962960,"gmtCreate":1627344564750,"gmtModify":1633765968014,"author":{"id":"3574834972684297","authorId":"3574834972684297","name":"Joanteo","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574834972684297","authorIdStr":"3574834972684297"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/809962960","repostId":"1153028059","repostType":4,"repost":{"id":"1153028059","kind":"news","pubTimestamp":1627340900,"share":"https://www.laohu8.com/m/news/1153028059?lang=zh_CN&edition=full","pubTime":"2021-07-27 07:08","market":"us","language":"en","title":"Tesla sales surge 98%; company boosts margins on its less-costly electric cars<blockquote>特斯拉销量猛增98%;公司提高了成本较低的电动汽车的利润率</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1153028059","media":"Reuters","summary":" -Tesla Inc posted a bigger second-quarter profit than expected on Tuesday thanks to sharply higher sales of its less-expensive electric vehicles, as it raised prices to boost its margins on them.Tesla also cut costs which helped it offset many of the supply chain and microchip shortfalls facing the auto industry.For the first time since late 2019, Tesla profits did not rely on sales of environmental credits to other automakers, a sign of increasing financial health for the manufacturing operati","content":"<p>(Reuters) -Tesla Inc posted a bigger second-quarter profit than expected on Tuesday thanks to sharply higher sales of its less-expensive electric vehicles, as it raised prices to boost its margins on them.</p><p><blockquote>(路透社)-特斯拉公司周二公布的第二季度利润高于预期,这得益于其较便宜的电动汽车销量大幅增长,该公司提高了价格以提高其利润率。</blockquote></p><p> Tesla also cut costs which helped it offset many of the supply chain and microchip shortfalls facing the auto industry.</p><p><blockquote>特斯拉还削减了成本,这有助于抵消汽车行业面临的许多供应链和微芯片短缺问题。</blockquote></p><p> For the first time since late 2019, Tesla profits did not rely on sales of environmental credits to other automakers, a sign of increasing financial health for the manufacturing operation. Tesla boosted its performance by cutting features it said were unused or unneeded and raising U.S. vehicle prices.</p><p><blockquote>自2019年底以来,特斯拉的利润首次不依赖于向其他汽车制造商出售环境信用,这表明制造业务的财务状况日益健康。特斯拉通过削减其称未使用或不需要的功能以及提高美国汽车价格来提高其业绩。</blockquote></p><p> Shares of the world’s most valuable automaker rose 1.5% in extended trade.</p><p><blockquote>这家全球最有价值汽车制造商的股价在盘后交易中上涨1.5%。</blockquote></p><p> In a call with investors and analysts, Tesla executives said that volume production growth will depend on parts availability, and Musk cautioned the shortage of semiconductors will continue.</p><p><blockquote>在与投资者和分析师的看涨期权中,特斯拉高管表示,量产增长将取决于零部件供应情况,马斯克警告称,半导体短缺将持续。</blockquote></p><p> “The global chip shortage situation remains quite serious,” Musk said.</p><p><blockquote>“全球芯片短缺的情况仍然相当严重,”马斯克说。</blockquote></p><p> Still, Musk said Tesla expects to launch production this year of the Model Y SUV at factories under construction in Texas and Germany. He said the company expects battery cell suppliers to double production next year.</p><p><blockquote>尽管如此,Musk表示,特斯拉预计今年将在德克萨斯和德意志的在建工厂投产Model Y SUV。他表示,该公司预计电池供应商明年的产量将翻一番。</blockquote></p><p> Despite the pandemic and the supply chain crisis, Tesla posted record deliveries during the quarter, thanks to sales of cheaper models including Model 3 sedans and Model Ys.</p><p><blockquote>尽管面临疫情和供应链危机,但得益于Model 3轿车和Model Y等更便宜车型的销售,特斯拉在本季度的交付量仍创下了纪录。</blockquote></p><p> The carmaker, led by billionaire entrepreneur Elon Musk, said revenue jumped to $11.96 billion from $6.04 billion a year earlier, when its California factory was shut down for more than six weeks due to local lockdown orders to fight the pandemic.</p><p><blockquote>这家由亿万富翁企业家埃隆·马斯克(Elon Musk)领导的汽车制造商表示,收入从一年前的60.4亿美元跃升至119.6亿美元,当时其加州工厂因当地抗击疫情的封锁令而关闭了六周多。</blockquote></p><p> Analysts had expected revenue of about $11.3 billion, according to IBES data from Refinitiv.</p><p><blockquote>根据Refinitiv的IBES数据,分析师此前预计营收约为113亿美元。</blockquote></p><p> Excluding items, Tesla posted a profit of $1.45 per share, easily topping analyst expectations for a profit of 98 cents per share.</p><p><blockquote>剔除项目后,特斯拉公布的每股利润为1.45美元,轻松超过分析师预期的每股98美分。</blockquote></p><p> Tesla said operating income rose with volume growth and cost reduction, which offset higher supply chain costs, lower regulatory credit revenue and other items including $23 million in losses on investment in cryptocurrency bitcoin.</p><p><blockquote>特斯拉表示,营业收入随着销量增长和成本降低而上升,这抵消了供应链成本上升、监管信贷收入下降和其他项目,包括加密货币比特币投资损失2300万美元。</blockquote></p><p> Tesla’s profitability has often relied on selling regulatory credits to other automakers, but in the second quarter, Tesla was profitable without these credits for the first time since the end of 2019. Its GAAP net income was $1.14 billion in the second quarter. Revenue from the credits only totaled $354 million.</p><p><blockquote>特斯拉的盈利能力通常依赖于向其他汽车制造商出售监管信用,但在第二季度,特斯拉自2019年底以来首次在没有这些信用的情况下实现盈利。其第二季度GAAP净利润为11.4亿美元。这些积分的收入总计仅为3.54亿美元。</blockquote></p><p> “Tesla impressed with its numbers, as most of its revenue came from vehicle sales,” Jesse Cohen, senior analyst at Investing.com, said.</p><p><blockquote>Investing.com高级分析师Jesse Cohen表示:“特斯拉对其数据印象深刻,因为其大部分收入来自汽车销售。”</blockquote></p><p> Carmaker Stellantis expects to achieve its European carbon dioxide (CO2) emissions targets this year without environmental credits bought from Tesla.</p><p><blockquote>汽车制造商Stellantis预计今年将在没有从特斯拉购买环境信用额的情况下实现其欧洲二氧化碳(CO2)排放目标。</blockquote></p><p> Tesla said it said it has delayed the launch of the Semi truck program to 2022 to focus on starting factories and due to limited availability of battery cells and other parts this year.</p><p><blockquote>特斯拉表示,由于今年电池和其他零部件的供应有限,该公司已将Semi卡车计划的启动推迟到2022年,以专注于启动工厂。</blockquote></p><p> But the company’s new 4680 batteries are not ready for volume production; executives said it was difficult to predict when technological challenges would be resolved.</p><p><blockquote>但该公司的新型4680电池尚未准备好量产;高管们表示,很难预测技术挑战何时会得到解决。</blockquote></p><p> In an aside, Musk said he “most likely will not be on earnings calls” going forward to discuss financial results with investors and analysts. These calls have been a colorful quarterly ritual Musk has used for discourses on Tesla technology, or to fire back at rivals or critics.</p><p><blockquote>顺便说一句,马斯克表示,他“很可能不会在财报评级上”与投资者和分析师讨论财务业绩。这些评级是马斯克每季度举行的一次丰富多彩的仪式,马斯克用它来讨论特斯拉技术,或者回击竞争对手或批评者。</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 sales surge 98%; company boosts margins on its less-costly electric cars<blockquote>特斯拉销量猛增98%;公司提高了成本较低的电动汽车的利润率</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 sales surge 98%; company boosts margins on its less-costly electric cars<blockquote>特斯拉销量猛增98%;公司提高了成本较低的电动汽车的利润率</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Reuters</strong><span class=\"h-time small\">2021-07-27 07:08</span>\n</p>\n</h4>\n</header>\n<article>\n<p>(Reuters) -Tesla Inc posted a bigger second-quarter profit than expected on Tuesday thanks to sharply higher sales of its less-expensive electric vehicles, as it raised prices to boost its margins on them.</p><p><blockquote>(路透社)-特斯拉公司周二公布的第二季度利润高于预期,这得益于其较便宜的电动汽车销量大幅增长,该公司提高了价格以提高其利润率。</blockquote></p><p> Tesla also cut costs which helped it offset many of the supply chain and microchip shortfalls facing the auto industry.</p><p><blockquote>特斯拉还削减了成本,这有助于抵消汽车行业面临的许多供应链和微芯片短缺问题。</blockquote></p><p> For the first time since late 2019, Tesla profits did not rely on sales of environmental credits to other automakers, a sign of increasing financial health for the manufacturing operation. Tesla boosted its performance by cutting features it said were unused or unneeded and raising U.S. vehicle prices.</p><p><blockquote>自2019年底以来,特斯拉的利润首次不依赖于向其他汽车制造商出售环境信用,这表明制造业务的财务状况日益健康。特斯拉通过削减其称未使用或不需要的功能以及提高美国汽车价格来提高其业绩。</blockquote></p><p> Shares of the world’s most valuable automaker rose 1.5% in extended trade.</p><p><blockquote>这家全球最有价值汽车制造商的股价在盘后交易中上涨1.5%。</blockquote></p><p> In a call with investors and analysts, Tesla executives said that volume production growth will depend on parts availability, and Musk cautioned the shortage of semiconductors will continue.</p><p><blockquote>在与投资者和分析师的看涨期权中,特斯拉高管表示,量产增长将取决于零部件供应情况,马斯克警告称,半导体短缺将持续。</blockquote></p><p> “The global chip shortage situation remains quite serious,” Musk said.</p><p><blockquote>“全球芯片短缺的情况仍然相当严重,”马斯克说。</blockquote></p><p> Still, Musk said Tesla expects to launch production this year of the Model Y SUV at factories under construction in Texas and Germany. He said the company expects battery cell suppliers to double production next year.</p><p><blockquote>尽管如此,Musk表示,特斯拉预计今年将在德克萨斯和德意志的在建工厂投产Model Y SUV。他表示,该公司预计电池供应商明年的产量将翻一番。</blockquote></p><p> Despite the pandemic and the supply chain crisis, Tesla posted record deliveries during the quarter, thanks to sales of cheaper models including Model 3 sedans and Model Ys.</p><p><blockquote>尽管面临疫情和供应链危机,但得益于Model 3轿车和Model Y等更便宜车型的销售,特斯拉在本季度的交付量仍创下了纪录。</blockquote></p><p> The carmaker, led by billionaire entrepreneur Elon Musk, said revenue jumped to $11.96 billion from $6.04 billion a year earlier, when its California factory was shut down for more than six weeks due to local lockdown orders to fight the pandemic.</p><p><blockquote>这家由亿万富翁企业家埃隆·马斯克(Elon Musk)领导的汽车制造商表示,收入从一年前的60.4亿美元跃升至119.6亿美元,当时其加州工厂因当地抗击疫情的封锁令而关闭了六周多。</blockquote></p><p> Analysts had expected revenue of about $11.3 billion, according to IBES data from Refinitiv.</p><p><blockquote>根据Refinitiv的IBES数据,分析师此前预计营收约为113亿美元。</blockquote></p><p> Excluding items, Tesla posted a profit of $1.45 per share, easily topping analyst expectations for a profit of 98 cents per share.</p><p><blockquote>剔除项目后,特斯拉公布的每股利润为1.45美元,轻松超过分析师预期的每股98美分。</blockquote></p><p> Tesla said operating income rose with volume growth and cost reduction, which offset higher supply chain costs, lower regulatory credit revenue and other items including $23 million in losses on investment in cryptocurrency bitcoin.</p><p><blockquote>特斯拉表示,营业收入随着销量增长和成本降低而上升,这抵消了供应链成本上升、监管信贷收入下降和其他项目,包括加密货币比特币投资损失2300万美元。</blockquote></p><p> Tesla’s profitability has often relied on selling regulatory credits to other automakers, but in the second quarter, Tesla was profitable without these credits for the first time since the end of 2019. Its GAAP net income was $1.14 billion in the second quarter. Revenue from the credits only totaled $354 million.</p><p><blockquote>特斯拉的盈利能力通常依赖于向其他汽车制造商出售监管信用,但在第二季度,特斯拉自2019年底以来首次在没有这些信用的情况下实现盈利。其第二季度GAAP净利润为11.4亿美元。这些积分的收入总计仅为3.54亿美元。</blockquote></p><p> “Tesla impressed with its numbers, as most of its revenue came from vehicle sales,” Jesse Cohen, senior analyst at Investing.com, said.</p><p><blockquote>Investing.com高级分析师Jesse Cohen表示:“特斯拉对其数据印象深刻,因为其大部分收入来自汽车销售。”</blockquote></p><p> Carmaker Stellantis expects to achieve its European carbon dioxide (CO2) emissions targets this year without environmental credits bought from Tesla.</p><p><blockquote>汽车制造商Stellantis预计今年将在没有从特斯拉购买环境信用额的情况下实现其欧洲二氧化碳(CO2)排放目标。</blockquote></p><p> Tesla said it said it has delayed the launch of the Semi truck program to 2022 to focus on starting factories and due to limited availability of battery cells and other parts this year.</p><p><blockquote>特斯拉表示,由于今年电池和其他零部件的供应有限,该公司已将Semi卡车计划的启动推迟到2022年,以专注于启动工厂。</blockquote></p><p> But the company’s new 4680 batteries are not ready for volume production; executives said it was difficult to predict when technological challenges would be resolved.</p><p><blockquote>但该公司的新型4680电池尚未准备好量产;高管们表示,很难预测技术挑战何时会得到解决。</blockquote></p><p> In an aside, Musk said he “most likely will not be on earnings calls” going forward to discuss financial results with investors and analysts. These calls have been a colorful quarterly ritual Musk has used for discourses on Tesla technology, or to fire back at rivals or critics.</p><p><blockquote>顺便说一句,马斯克表示,他“很可能不会在财报评级上”与投资者和分析师讨论财务业绩。这些评级是马斯克每季度举行的一次丰富多彩的仪式,马斯克用它来讨论特斯拉技术,或者回击竞争对手或批评者。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://www.reuters.com/article/tesla-results/update-4-tesla-sales-surge-98-company-boosts-margins-on-its-less-costly-electric-cars-idUSL4N2P23I5\">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/article/tesla-results/update-4-tesla-sales-surge-98-company-boosts-margins-on-its-less-costly-electric-cars-idUSL4N2P23I5","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1153028059","content_text":"(Reuters) -Tesla Inc posted a bigger second-quarter profit than expected on Tuesday thanks to sharply higher sales of its less-expensive electric vehicles, as it raised prices to boost its margins on them.\nTesla also cut costs which helped it offset many of the supply chain and microchip shortfalls facing the auto industry.\nFor the first time since late 2019, Tesla profits did not rely on sales of environmental credits to other automakers, a sign of increasing financial health for the manufacturing operation. Tesla boosted its performance by cutting features it said were unused or unneeded and raising U.S. vehicle prices.\nShares of the world’s most valuable automaker rose 1.5% in extended trade.\nIn a call with investors and analysts, Tesla executives said that volume production growth will depend on parts availability, and Musk cautioned the shortage of semiconductors will continue.\n“The global chip shortage situation remains quite serious,” Musk said.\nStill, Musk said Tesla expects to launch production this year of the Model Y SUV at factories under construction in Texas and Germany. He said the company expects battery cell suppliers to double production next year.\nDespite the pandemic and the supply chain crisis, Tesla posted record deliveries during the quarter, thanks to sales of cheaper models including Model 3 sedans and Model Ys.\nThe carmaker, led by billionaire entrepreneur Elon Musk, said revenue jumped to $11.96 billion from $6.04 billion a year earlier, when its California factory was shut down for more than six weeks due to local lockdown orders to fight the pandemic.\nAnalysts had expected revenue of about $11.3 billion, according to IBES data from Refinitiv.\nExcluding items, Tesla posted a profit of $1.45 per share, easily topping analyst expectations for a profit of 98 cents per share.\nTesla said operating income rose with volume growth and cost reduction, which offset higher supply chain costs, lower regulatory credit revenue and other items including $23 million in losses on investment in cryptocurrency bitcoin.\nTesla’s profitability has often relied on selling regulatory credits to other automakers, but in the second quarter, Tesla was profitable without these credits for the first time since the end of 2019. Its GAAP net income was $1.14 billion in the second quarter. Revenue from the credits only totaled $354 million.\n“Tesla impressed with its numbers, as most of its revenue came from vehicle sales,” Jesse Cohen, senior analyst at Investing.com, said.\nCarmaker Stellantis expects to achieve its European carbon dioxide (CO2) emissions targets this year without environmental credits bought from Tesla.\nTesla said it said it has delayed the launch of the Semi truck program to 2022 to focus on starting factories and due to limited availability of battery cells and other parts this year.\nBut the company’s new 4680 batteries are not ready for volume production; executives said it was difficult to predict when technological challenges would be resolved.\nIn an aside, Musk said he “most likely will not be on earnings calls” going forward to discuss financial results with investors and analysts. These calls have been a colorful quarterly ritual Musk has used for discourses on Tesla technology, or to fire back at rivals or critics.","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":1817,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":170261731,"gmtCreate":1626436807623,"gmtModify":1633926779583,"author":{"id":"3574834972684297","authorId":"3574834972684297","name":"Joanteo","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574834972684297","authorIdStr":"3574834972684297"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/170261731","repostId":"1141989621","repostType":4,"isVote":1,"tweetType":1,"viewCount":629,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":802887478,"gmtCreate":1627752665994,"gmtModify":1633756652457,"author":{"id":"3574834972684297","authorId":"3574834972684297","name":"Joanteo","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574834972684297","authorIdStr":"3574834972684297"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/802887478","repostId":"1154216466","repostType":4,"repost":{"id":"1154216466","kind":"news","pubTimestamp":1627713678,"share":"https://www.laohu8.com/m/news/1154216466?lang=zh_CN&edition=full","pubTime":"2021-07-31 14:41","market":"us","language":"en","title":"Antitrust Activists Want to Go Full Throttle. Here’s a Lesson They Should Consider First<blockquote>反垄断活动人士希望全力以赴。这是他们应该首先考虑的一个教训</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1154216466","media":"Barron's","summary":"About the author: Thomas W. Hazlett is H.H. Macaulay endowed professor of economics at Clemson Unive","content":"<p><i>About the author: Thomas W. Hazlett is H.H. Macaulay endowed professor of economics at Clemson University, and previously served as chief economist of the Federal Communications Commission. His latest book is</i>The Political Spectrum: The Tumultuous Liberation of Wireless Technologies, from Herbert Hoover to the Smartphone.</p><p><blockquote><i>作者简介:托马斯·W·黑兹利特是H.H。麦考利是克莱姆森大学经济学捐赠教授,此前曾担任联邦通信委员会首席经济学家,其最新著作是</i>政治光谱:从赫伯特·胡佛到智能手机,无线技术的混乱解放。</blockquote></p><p> Big Tech is in the antitrust hot seat. But before the Department of Justice tries to break up companies likeGoogleorApple,it should recall the history, and eventual outcome, of theAT&T-Time Warner merger.</p><p><blockquote>大型科技公司陷入反垄断困境。但在司法部试图拆分谷歌或苹果等公司之前,它应该回顾一下美国电话电报公司与时代华纳合并的历史和最终结果。</blockquote></p><p> The DOJ expended extensive time and resources to stop AT&T’s acquisition of Time Warner, marking the department’s first challenge to a major vertical merger in over 40 years. The government was unsuccessful despite its best efforts, which included an appeal to the D.C. Circuit, and time reveals that its concerns were evidently misplaced all along. The merger did not result in higher prices, program blackouts, or even any appreciable advantage for the companies.</p><p><blockquote>DOJ花费了大量时间和资源来阻止美国电话电报公司收购时代华纳,这标志着该部门40多年来首次挑战重大垂直合并。尽管政府尽了最大努力,包括向华盛顿巡回法院上诉,但还是没有成功,《时代》杂志揭示了它的担忧显然一直都是错误的。合并并没有导致更高的价格、项目中断,甚至没有给公司带来任何明显的优势。</blockquote></p><p> In October 2016 AT&Tannouncedits plan to buy Time Warner. Donald Trump’s presidential campaign trashed the merger in a statement: “AT&T … is now trying to buy Time Warner and thus the wildly anti-Trump CNN. Donald Trump would never approve such a deal.” With Trump in office, the DOJ moved to block it.</p><p><blockquote>2016年10月,美国电话电报公司宣布了收购时代华纳的计划。唐纳德·特朗普的总统竞选团队在一份声明中抨击了此次合并:“美国电话电报公司……现在正试图收购时代华纳,从而收购疯狂反特朗普的CNN。唐纳德·特朗普永远不会批准这样的交易。”随着特朗普的上任,DOJ采取行动阻止了它。</blockquote></p><p> In 2017, the DOJ went to court tocomplainthat the merger would “substantially lessen competition in video” by allowing AT&T to “use Time Warner’s ‘must have’” networks like CNN, TNT, TBS, and HBO to raise fees charged to rival cable TV distributors like Comcast or DISH. AT&T, which had acquired national satellite operator DirecTV, could threaten “blackouts” depriving rival distributors of key programs—their subscribers would then quit and flock to DirecTV (AT&T) so as to keep watching CNN or the NBA Playoffs on TNT. Not only would major TV and cable systems be hurt, but emerging online streaming services would be crushed.</p><p><blockquote>2017年,美国司法部向法院投诉称,此次合并将“大大减少视频领域的竞争”,允许美国电话电报公司“使用时代华纳的‘必备’网络,如CNN、TNT、TBS和HBO,提高向竞争对手有线电视收取的费用。康卡斯特或DISH等分销商。收购了国家卫星运营商DirecTV的美国电话电报公司可能会威胁“停电”,剥夺竞争对手分销商的关键节目——他们的订户会退出,涌向DirecTV(美国电话电报公司),以便继续在TNT上观看CNN或NBA季后赛。不仅主要的电视和有线电视系统会受到伤害,新兴的在线流媒体服务也会受到挤压。</blockquote></p><p> The government’s case focused on “vertical leveraging,” where a company uses two complementary products to make it more difficult for rivals to compete in the individual markets. Here, AT&T was combining video content creation with video program distribution; the allegation was that competitors in either segment might be hurt. Yet there are clear efficiencies to be had, as widely found in studies of vertically integrated firms, with joint operations boosting consumer happiness. Buyers at Costco eagerly snap up Costco-supplied Kirkland products—which the retailer stocks in place of those of some independent producers—if they improve price or quality. So facts, not just a story, are needed. District Court Judge Richard J. Leonfoundthat the DOJ case “falls far short of establishing the validity of its… theory.”</p><p><blockquote>政府的案例集中在“垂直杠杆”上,即一家公司使用两种互补的产品,使竞争对手更难在单个市场竞争。在这里,美国电话电报公司将视频内容创作与视频节目分发相结合;指控是,这两个领域的竞争对手都可能受到伤害。然而,正如在对垂直整合公司的研究中广泛发现的那样,联合运营会提高消费者的幸福感,这是显而易见的。如果Costco供应的Kirkland产品提高了价格或质量,Costco的买家就会急切地snap这些产品——零售商用这些产品代替了一些独立生产商的产品。因此,需要的是事实,而不仅仅是一个故事。地区法院法官Richard J.Leon发现,司法部的案件“远远没有证明其……理论的有效性。”</blockquote></p><p> Aside from the political overtones of the case, there was good historical reason to doubt the official complaint. A cable TV programmer combined with (or split from) a video distributor several times in recent years. Vertical integration did not cause higher prices, as shown by econometric analysis. Nor did vertical integration lead to “blackouts,” as the DOJ conceded. A three-judge panel of the D.C. Circuit confirmed Judge Leon’s opinion, finding that “the industry had become dynamic in recent years with the emergence, for example, of Netflix and Hulu.”</p><p><blockquote>除了此案的政治含义,有充分的历史理由怀疑官方的投诉。一家有线电视节目制作商近年来数次与一家视频分销商合并(或分拆)。垂直整合并没有引起更高的价格,如计量经济学分析所示。正如司法部承认的那样,垂直整合也没有导致“停电”。华盛顿巡回法院的三名法官小组证实了莱昂法官的观点,发现“近年来,随着Netflix和Hulu等公司的出现,该行业变得充满活力。”</blockquote></p><p> Owning DirecTV and Time Warner together turned out to be not much advantage, let alone a monopoly. Despite a huge boost in pandemic demand for video content, rivals soon dined on AT&T-Time Warner’s lunch. When AT&T bought DirecTV in 2015, it paid $67 billion. In February 2021, with DirecTV’s satellite subscriber base collapsing, the spun-off operation wasvaluedat $16.3 billion.</p><p><blockquote>事实证明,同时拥有DirecTV和时代华纳并没有多大优势,更不用说垄断了。尽管疫情对视频内容的需求大幅增长,但竞争对手很快就享用了AT&T-时代华纳的午餐。当美国电话电报公司在2015年收购DirecTV时,它支付了670亿美元。2021年2月,随着DirecTV的卫星用户群崩溃,分拆业务的价值为163亿美元。</blockquote></p><p> And AT&Tthen unloaded the video assets of Time Warner. A new enterprise—Warner Bros. Discovery—is being spun off and merged with Discovery (Discovery Channel, Animal Planet, TLC, HGTV, the Food Networkand more). The content-only firm voluntarily severs the link the DOJ critiqued as easy monopoly money. With the allegations of anticompetitive bundling, it has been cast off as not worth the trouble.AT&T shareholders receive $43 billion, less than half the $100 billion AT&T expended (in debt and equity) for Time Warner three years ago. The government’s scenario of anti-competitive vertical integration proved a fantasy.</p><p><blockquote>AT&T当时出售了时代华纳的视频资产。一家新企业——华纳兄弟探索频道——正在剥离并与探索频道(探索频道、动物星球、TLC、HGTV、美食网等)合并。这家只提供内容的公司自愿切断了司法部批评为轻松垄断资金的链接。由于反竞争捆绑的指控,它被认为不值得麻烦。AT&T股东获得了430亿美元,不到三年前AT&T为时代华纳花费的1000亿美元(债务和股权)的一半。事实证明,政府反竞争纵向一体化的设想是一种幻想。</blockquote></p><p></p><p> AT&T’s maneuvers deserve whatever scorn billions in shareholder losses can buy. A cynic might offer that antitrust laws be beefed up to protect against such corporate errors, ignoring that economic penalties—more reliable and harsher than whatever antitrust enforcers might deal—are visibly in place. But little note has been made of the ironic political saga. Policymakers are moving full throttle to enact statutes to beef up antitrust prosecution in tech for exactly what AT&T so spectacularly failed to do in video. Rep. Pramila Jayapal (D-Wash.) and Rep. Lance Gooden (R-Texas) introduced the “Ending Monopoly Platforms Act” that would restrict vertical mergers in online services, for example. At least five other bills for new antitrust rules have been introduced.</p><p><blockquote>美国电话电报公司的策略值得数十亿股东损失所能买到的任何蔑视。愤世嫉俗者可能会建议加强反垄断法,以防止此类企业错误,而忽视了经济处罚——比反垄断执法者可能处理的任何事情都更可靠、更严厉——显然已经到位。但是很少有人注意到这个具有讽刺意味的政治传奇。政策制定者正在全力以赴制定法规,加强科技领域的反垄断起诉,这正是美国电话电报公司在视频领域未能做到的。众议员普拉米拉·贾亚帕尔(D-Wash。)和众议员兰斯·古登(R-Texas)提出了“结束垄断平台法案”,例如,该法案将限制在线服务的垂直合并。至少还有五项新的反垄断规则法案已经出台。</blockquote></p><p> Not only can such policies be expensive legal diversions, they can block the innovations igniting exciting new choices for customers. Netflix has integrated from streaming into movie production, after launching Roku. Hulu was created by News Corp. (Fox) and NBC-Universal (Comcast). Amazon Prime Video, Sling, YouTube TV, Apple TV, Disney Plus, HBO Max and Paramount Plus—each has extended a large media or e-commerce platform. Each evolved from a quest for better products. Treating entrepreneurship as suspect puts the screws to just the disruptions now roiling online entertainment markets. AT&T learned the hard way that owning complementary products is no guarantee of success. </p><p><blockquote>此类政策不仅可能是昂贵的法律转移,还可能阻碍为客户带来令人兴奋的新选择的创新。在推出Roku后,Netflix已从流媒体融入电影制作。Hulu是由新闻集团(Fox)和NBC-Universal(Comcast)创建的。Amazon Prime Video、Sling、YouTube TV、苹果TV、Disney Plus、HBO Max和Paramount Plus——每个都扩展了一个大型媒体或电子商务平台。每一个都是从对更好产品的追求演变而来的。将企业家精神视为嫌疑人只会加剧目前扰乱在线娱乐市场的混乱。美国电话电报公司惨痛地认识到,拥有互补产品并不能保证成功。</blockquote></p><p></p>","source":"lsy1610680873436","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Antitrust Activists Want to Go Full Throttle. Here’s a Lesson They Should Consider First<blockquote>反垄断活动人士希望全力以赴。这是他们应该首先考虑的一个教训</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\">\nAntitrust Activists Want to Go Full Throttle. Here’s a Lesson They Should Consider First<blockquote>反垄断活动人士希望全力以赴。这是他们应该首先考虑的一个教训</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barron's</strong><span class=\"h-time small\">2021-07-31 14:41</span>\n</p>\n</h4>\n</header>\n<article>\n<p><i>About the author: Thomas W. Hazlett is H.H. Macaulay endowed professor of economics at Clemson University, and previously served as chief economist of the Federal Communications Commission. His latest book is</i>The Political Spectrum: The Tumultuous Liberation of Wireless Technologies, from Herbert Hoover to the Smartphone.</p><p><blockquote><i>作者简介:托马斯·W·黑兹利特是H.H。麦考利是克莱姆森大学经济学捐赠教授,此前曾担任联邦通信委员会首席经济学家,其最新著作是</i>政治光谱:从赫伯特·胡佛到智能手机,无线技术的混乱解放。</blockquote></p><p> Big Tech is in the antitrust hot seat. But before the Department of Justice tries to break up companies likeGoogleorApple,it should recall the history, and eventual outcome, of theAT&T-Time Warner merger.</p><p><blockquote>大型科技公司陷入反垄断困境。但在司法部试图拆分谷歌或苹果等公司之前,它应该回顾一下美国电话电报公司与时代华纳合并的历史和最终结果。</blockquote></p><p> The DOJ expended extensive time and resources to stop AT&T’s acquisition of Time Warner, marking the department’s first challenge to a major vertical merger in over 40 years. The government was unsuccessful despite its best efforts, which included an appeal to the D.C. Circuit, and time reveals that its concerns were evidently misplaced all along. The merger did not result in higher prices, program blackouts, or even any appreciable advantage for the companies.</p><p><blockquote>DOJ花费了大量时间和资源来阻止美国电话电报公司收购时代华纳,这标志着该部门40多年来首次挑战重大垂直合并。尽管政府尽了最大努力,包括向华盛顿巡回法院上诉,但还是没有成功,《时代》杂志揭示了它的担忧显然一直都是错误的。合并并没有导致更高的价格、项目中断,甚至没有给公司带来任何明显的优势。</blockquote></p><p> In October 2016 AT&Tannouncedits plan to buy Time Warner. Donald Trump’s presidential campaign trashed the merger in a statement: “AT&T … is now trying to buy Time Warner and thus the wildly anti-Trump CNN. Donald Trump would never approve such a deal.” With Trump in office, the DOJ moved to block it.</p><p><blockquote>2016年10月,美国电话电报公司宣布了收购时代华纳的计划。唐纳德·特朗普的总统竞选团队在一份声明中抨击了此次合并:“美国电话电报公司……现在正试图收购时代华纳,从而收购疯狂反特朗普的CNN。唐纳德·特朗普永远不会批准这样的交易。”随着特朗普的上任,DOJ采取行动阻止了它。</blockquote></p><p> In 2017, the DOJ went to court tocomplainthat the merger would “substantially lessen competition in video” by allowing AT&T to “use Time Warner’s ‘must have’” networks like CNN, TNT, TBS, and HBO to raise fees charged to rival cable TV distributors like Comcast or DISH. AT&T, which had acquired national satellite operator DirecTV, could threaten “blackouts” depriving rival distributors of key programs—their subscribers would then quit and flock to DirecTV (AT&T) so as to keep watching CNN or the NBA Playoffs on TNT. Not only would major TV and cable systems be hurt, but emerging online streaming services would be crushed.</p><p><blockquote>2017年,美国司法部向法院投诉称,此次合并将“大大减少视频领域的竞争”,允许美国电话电报公司“使用时代华纳的‘必备’网络,如CNN、TNT、TBS和HBO,提高向竞争对手有线电视收取的费用。康卡斯特或DISH等分销商。收购了国家卫星运营商DirecTV的美国电话电报公司可能会威胁“停电”,剥夺竞争对手分销商的关键节目——他们的订户会退出,涌向DirecTV(美国电话电报公司),以便继续在TNT上观看CNN或NBA季后赛。不仅主要的电视和有线电视系统会受到伤害,新兴的在线流媒体服务也会受到挤压。</blockquote></p><p> The government’s case focused on “vertical leveraging,” where a company uses two complementary products to make it more difficult for rivals to compete in the individual markets. Here, AT&T was combining video content creation with video program distribution; the allegation was that competitors in either segment might be hurt. Yet there are clear efficiencies to be had, as widely found in studies of vertically integrated firms, with joint operations boosting consumer happiness. Buyers at Costco eagerly snap up Costco-supplied Kirkland products—which the retailer stocks in place of those of some independent producers—if they improve price or quality. So facts, not just a story, are needed. District Court Judge Richard J. Leonfoundthat the DOJ case “falls far short of establishing the validity of its… theory.”</p><p><blockquote>政府的案例集中在“垂直杠杆”上,即一家公司使用两种互补的产品,使竞争对手更难在单个市场竞争。在这里,美国电话电报公司将视频内容创作与视频节目分发相结合;指控是,这两个领域的竞争对手都可能受到伤害。然而,正如在对垂直整合公司的研究中广泛发现的那样,联合运营会提高消费者的幸福感,这是显而易见的。如果Costco供应的Kirkland产品提高了价格或质量,Costco的买家就会急切地snap这些产品——零售商用这些产品代替了一些独立生产商的产品。因此,需要的是事实,而不仅仅是一个故事。地区法院法官Richard J.Leon发现,司法部的案件“远远没有证明其……理论的有效性。”</blockquote></p><p> Aside from the political overtones of the case, there was good historical reason to doubt the official complaint. A cable TV programmer combined with (or split from) a video distributor several times in recent years. Vertical integration did not cause higher prices, as shown by econometric analysis. Nor did vertical integration lead to “blackouts,” as the DOJ conceded. A three-judge panel of the D.C. Circuit confirmed Judge Leon’s opinion, finding that “the industry had become dynamic in recent years with the emergence, for example, of Netflix and Hulu.”</p><p><blockquote>除了此案的政治含义,有充分的历史理由怀疑官方的投诉。一家有线电视节目制作商近年来数次与一家视频分销商合并(或分拆)。垂直整合并没有引起更高的价格,如计量经济学分析所示。正如司法部承认的那样,垂直整合也没有导致“停电”。华盛顿巡回法院的三名法官小组证实了莱昂法官的观点,发现“近年来,随着Netflix和Hulu等公司的出现,该行业变得充满活力。”</blockquote></p><p> Owning DirecTV and Time Warner together turned out to be not much advantage, let alone a monopoly. Despite a huge boost in pandemic demand for video content, rivals soon dined on AT&T-Time Warner’s lunch. When AT&T bought DirecTV in 2015, it paid $67 billion. In February 2021, with DirecTV’s satellite subscriber base collapsing, the spun-off operation wasvaluedat $16.3 billion.</p><p><blockquote>事实证明,同时拥有DirecTV和时代华纳并没有多大优势,更不用说垄断了。尽管疫情对视频内容的需求大幅增长,但竞争对手很快就享用了AT&T-时代华纳的午餐。当美国电话电报公司在2015年收购DirecTV时,它支付了670亿美元。2021年2月,随着DirecTV的卫星用户群崩溃,分拆业务的价值为163亿美元。</blockquote></p><p> And AT&Tthen unloaded the video assets of Time Warner. A new enterprise—Warner Bros. Discovery—is being spun off and merged with Discovery (Discovery Channel, Animal Planet, TLC, HGTV, the Food Networkand more). The content-only firm voluntarily severs the link the DOJ critiqued as easy monopoly money. With the allegations of anticompetitive bundling, it has been cast off as not worth the trouble.AT&T shareholders receive $43 billion, less than half the $100 billion AT&T expended (in debt and equity) for Time Warner three years ago. The government’s scenario of anti-competitive vertical integration proved a fantasy.</p><p><blockquote>AT&T当时出售了时代华纳的视频资产。一家新企业——华纳兄弟探索频道——正在剥离并与探索频道(探索频道、动物星球、TLC、HGTV、美食网等)合并。这家只提供内容的公司自愿切断了司法部批评为轻松垄断资金的链接。由于反竞争捆绑的指控,它被认为不值得麻烦。AT&T股东获得了430亿美元,不到三年前AT&T为时代华纳花费的1000亿美元(债务和股权)的一半。事实证明,政府反竞争纵向一体化的设想是一种幻想。</blockquote></p><p></p><p> AT&T’s maneuvers deserve whatever scorn billions in shareholder losses can buy. A cynic might offer that antitrust laws be beefed up to protect against such corporate errors, ignoring that economic penalties—more reliable and harsher than whatever antitrust enforcers might deal—are visibly in place. But little note has been made of the ironic political saga. Policymakers are moving full throttle to enact statutes to beef up antitrust prosecution in tech for exactly what AT&T so spectacularly failed to do in video. Rep. Pramila Jayapal (D-Wash.) and Rep. Lance Gooden (R-Texas) introduced the “Ending Monopoly Platforms Act” that would restrict vertical mergers in online services, for example. At least five other bills for new antitrust rules have been introduced.</p><p><blockquote>美国电话电报公司的策略值得数十亿股东损失所能买到的任何蔑视。愤世嫉俗者可能会建议加强反垄断法,以防止此类企业错误,而忽视了经济处罚——比反垄断执法者可能处理的任何事情都更可靠、更严厉——显然已经到位。但是很少有人注意到这个具有讽刺意味的政治传奇。政策制定者正在全力以赴制定法规,加强科技领域的反垄断起诉,这正是美国电话电报公司在视频领域未能做到的。众议员普拉米拉·贾亚帕尔(D-Wash。)和众议员兰斯·古登(R-Texas)提出了“结束垄断平台法案”,例如,该法案将限制在线服务的垂直合并。至少还有五项新的反垄断规则法案已经出台。</blockquote></p><p> Not only can such policies be expensive legal diversions, they can block the innovations igniting exciting new choices for customers. Netflix has integrated from streaming into movie production, after launching Roku. Hulu was created by News Corp. (Fox) and NBC-Universal (Comcast). Amazon Prime Video, Sling, YouTube TV, Apple TV, Disney Plus, HBO Max and Paramount Plus—each has extended a large media or e-commerce platform. Each evolved from a quest for better products. Treating entrepreneurship as suspect puts the screws to just the disruptions now roiling online entertainment markets. AT&T learned the hard way that owning complementary products is no guarantee of success. </p><p><blockquote>此类政策不仅可能是昂贵的法律转移,还可能阻碍为客户带来令人兴奋的新选择的创新。在推出Roku后,Netflix已从流媒体融入电影制作。Hulu是由新闻集团(Fox)和NBC-Universal(Comcast)创建的。Amazon Prime Video、Sling、YouTube TV、苹果TV、Disney Plus、HBO Max和Paramount Plus——每个都扩展了一个大型媒体或电子商务平台。每一个都是从对更好产品的追求演变而来的。将企业家精神视为嫌疑人只会加剧目前扰乱在线娱乐市场的混乱。美国电话电报公司惨痛地认识到,拥有互补产品并不能保证成功。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://www.barrons.com/articles/antitrust-activists-want-to-go-full-throttle-heres-a-lesson-they-should-consider-first-51627509048?mod=hp_COMMENTARY_3\">Barron's</a></p>\n<p>为提升您的阅读体验,我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.barrons.com/articles/antitrust-activists-want-to-go-full-throttle-heres-a-lesson-they-should-consider-first-51627509048?mod=hp_COMMENTARY_3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1154216466","content_text":"About the author: Thomas W. Hazlett is H.H. Macaulay endowed professor of economics at Clemson University, and previously served as chief economist of the Federal Communications Commission. His latest book isThe Political Spectrum: The Tumultuous Liberation of Wireless Technologies, from Herbert Hoover to the Smartphone.\nBig Tech is in the antitrust hot seat. But before the Department of Justice tries to break up companies likeGoogleorApple,it should recall the history, and eventual outcome, of theAT&T-Time Warner merger.\nThe DOJ expended extensive time and resources to stop AT&T’s acquisition of Time Warner, marking the department’s first challenge to a major vertical merger in over 40 years. The government was unsuccessful despite its best efforts, which included an appeal to the D.C. Circuit, and time reveals that its concerns were evidently misplaced all along. The merger did not result in higher prices, program blackouts, or even any appreciable advantage for the companies.\nIn October 2016 AT&Tannouncedits plan to buy Time Warner. Donald Trump’s presidential campaign trashed the merger in a statement: “AT&T … is now trying to buy Time Warner and thus the wildly anti-Trump CNN. Donald Trump would never approve such a deal.” With Trump in office, the DOJ moved to block it.\nIn 2017, the DOJ went to court tocomplainthat the merger would “substantially lessen competition in video” by allowing AT&T to “use Time Warner’s ‘must have’” networks like CNN, TNT, TBS, and HBO to raise fees charged to rival cable TV distributors like Comcast or DISH. AT&T, which had acquired national satellite operator DirecTV, could threaten “blackouts” depriving rival distributors of key programs—their subscribers would then quit and flock to DirecTV (AT&T) so as to keep watching CNN or the NBA Playoffs on TNT. Not only would major TV and cable systems be hurt, but emerging online streaming services would be crushed.\nThe government’s case focused on “vertical leveraging,” where a company uses two complementary products to make it more difficult for rivals to compete in the individual markets. Here, AT&T was combining video content creation with video program distribution; the allegation was that competitors in either segment might be hurt. Yet there are clear efficiencies to be had, as widely found in studies of vertically integrated firms, with joint operations boosting consumer happiness. Buyers at Costco eagerly snap up Costco-supplied Kirkland products—which the retailer stocks in place of those of some independent producers—if they improve price or quality. So facts, not just a story, are needed. District Court Judge Richard J. Leonfoundthat the DOJ case “falls far short of establishing the validity of its… theory.”\nAside from the political overtones of the case, there was good historical reason to doubt the official complaint. A cable TV programmer combined with (or split from) a video distributor several times in recent years. Vertical integration did not cause higher prices, as shown by econometric analysis. Nor did vertical integration lead to “blackouts,” as the DOJ conceded. A three-judge panel of the D.C. Circuit confirmed Judge Leon’s opinion, finding that “the industry had become dynamic in recent years with the emergence, for example, of Netflix and Hulu.”\nOwning DirecTV and Time Warner together turned out to be not much advantage, let alone a monopoly. Despite a huge boost in pandemic demand for video content, rivals soon dined on AT&T-Time Warner’s lunch. When AT&T bought DirecTV in 2015, it paid $67 billion. In February 2021, with DirecTV’s satellite subscriber base collapsing, the spun-off operation wasvaluedat $16.3 billion.\nAnd AT&Tthen unloaded the video assets of Time Warner. A new enterprise—Warner Bros. Discovery—is being spun off and merged with Discovery (Discovery Channel, Animal Planet, TLC, HGTV, the Food Networkand more). The content-only firm voluntarily severs the link the DOJ critiqued as easy monopoly money. With the allegations of anticompetitive bundling, it has been cast off as not worth the trouble.AT&T shareholders receive $43 billion, less than half the $100 billion AT&T expended (in debt and equity) for Time Warner three years ago. The government’s scenario of anti-competitive vertical integration proved a fantasy.\nAT&T’s maneuvers deserve whatever scorn billions in shareholder losses can buy. A cynic might offer that antitrust laws be beefed up to protect against such corporate errors, ignoring that economic penalties—more reliable and harsher than whatever antitrust enforcers might deal—are visibly in place. But little note has been made of the ironic political saga. Policymakers are moving full throttle to enact statutes to beef up antitrust prosecution in tech for exactly what AT&T so spectacularly failed to do in video. Rep. Pramila Jayapal (D-Wash.) and Rep. Lance Gooden (R-Texas) introduced the “Ending Monopoly Platforms Act” that would restrict vertical mergers in online services, for example. At least five other bills for new antitrust rules have been introduced.\nNot only can such policies be expensive legal diversions, they can block the innovations igniting exciting new choices for customers. Netflix has integrated from streaming into movie production, after launching Roku. Hulu was created by News Corp. (Fox) and NBC-Universal (Comcast). Amazon Prime Video, Sling, YouTube TV, Apple TV, Disney Plus, HBO Max and Paramount Plus—each has extended a large media or e-commerce platform. Each evolved from a quest for better products. Treating entrepreneurship as suspect puts the screws to just the disruptions now roiling online entertainment markets. AT&T learned the hard way that owning complementary products is no guarantee of success.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":1792,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":801164494,"gmtCreate":1627488651618,"gmtModify":1633764483642,"author":{"id":"3574834972684297","authorId":"3574834972684297","name":"Joanteo","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574834972684297","authorIdStr":"3574834972684297"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/801164494","repostId":"2154360923","repostType":4,"isVote":1,"tweetType":1,"viewCount":1842,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":178829993,"gmtCreate":1626798467112,"gmtModify":1633770903982,"author":{"id":"3574834972684297","authorId":"3574834972684297","name":"Joanteo","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574834972684297","authorIdStr":"3574834972684297"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/178829993","repostId":"1177437175","repostType":4,"repost":{"id":"1177437175","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1626791614,"share":"https://www.laohu8.com/m/news/1177437175?lang=zh_CN&edition=full","pubTime":"2021-07-20 22:33","market":"us","language":"en","title":"Stocks That Hit 52-Week Lows On Tuesday<blockquote>周二触及52周低点的股市</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1177437175","media":"Benzinga","summary":"Before 10 a.m. ET Tuesday, 64 stocks made new 52-week lows.\nKey Facts:\n\nTotalEnergies(NYSE:TTE) was ","content":"<p>Before 10 a.m. ET Tuesday, 64 stocks made new 52-week lows.</p><p><blockquote>美国东部时间周二上午10点之前,64只股票创下52周新低。</blockquote></p><p> Key Facts:</p><p><blockquote>关键事实:</blockquote></p><p> <ul> <li><b>TotalEnergies</b>(NYSE:TTE) was the largest, in terms of market cap, to set a new 52-week low.</li> <li>The company with the smallest market cap to set a new 52-week low was<b>Sonoma Pharmaceuticals</b>(NASDAQ:SNOA).</li> <li><b><a href=\"https://laohu8.com/S/ARDX\">Ardelyx</a></b>(NASDAQ:ARDX) made the largest move down on the session, with shares plummeting 75.24% to reach its 52-week low.</li> </ul> Here is a list of stocks that set new 52-week lows during the first half-hour of trading on Tuesday:</p><p><blockquote><ul><li><b>总能量</b>(纽约证券交易所股票代码:TTE)是市值最大的公司,创下52周新低。</li><li>创下52周新低市值最小的公司是<b>索诺玛制药公司</b>(纳斯达克:SNOA)。</li><li><b><a href=\"https://laohu8.com/S/ARDX\">Ardelyx</a></b>(纳斯达克:ARDX)盘中跌幅最大,股价暴跌75.24%,创52周新低。</li></ul>以下是周二交易前半小时创下52周新低的股票列表:</blockquote></p><p></p><p> <ul> <li><b>TotalEnergies</b>(NYSE:TTE) shares set a new 52-week low of $40.33. The stock traded down 1.23%.</li> <li><b>DiDi Global</b>(NYSE:DIDI) stock set a new 52-week low of $10.69 on Tuesday, moving down 1.54%.</li> <li><b>China Life Insurance Co</b>(NYSE:LFC) shares set a new yearly low of $8.68 this morning. The stock was 0.0% (flat) on the session.</li> <li><b>Lufax Holding</b>(NYSE:LU) shares reached a new 52-week low of $8.50 on Tuesday morning, moving down 1.95%.</li> <li><b>Tencent Music Enter Gr</b>(NYSE:TME) stock drifted down 0.61% on Tuesday morning to hit a new 52-week low of $11.24.</li> <li><b>Autohome</b>(NYSE:ATHM) shares set a new yearly low of $57.65 this morning. The stock was down 3.11% on the session.</li> <li><b><a href=\"https://laohu8.com/S/ABCL\">AbCellera Biologics</a></b>(NASDAQ:ABCL) shares moved down 3.38% on Tuesday to hit a new 52-week low of $15.80, drifting down 3.38%.</li> <li><b>Abcam</b>(NASDAQ:ABCM) stock hit $17.34 on Tuesday morning, setting a new 52-week low for a change of down 1.41%.</li> <li><b>Agora</b>(NASDAQ:API) shares moved down 5.09% on Tuesday to hit a new 52-week low of $32.59, drifting down 5.09%.</li> <li><b>OneConnect Financial Tech</b>(NYSE:OCFT) stock set a new 52-week low of $9.26 on Tuesday, moving down 0.84%.</li> <li><b>HUYA</b>(NYSE:HUYA) stock hit a yearly low of $13.80. The stock was down 2.15% for the day.</li> <li><b>SolarWinds</b>(NYSE:SWI) stock dropped to a yearly low on Tuesday of $9.80. Shares traded down 39.72%.</li> <li><b><a href=\"https://laohu8.com/S/GOCO\">GoHealth</a></b>(NASDAQ:GOCO) stock broke to a new 52-week low of $9.27 on Tuesday. Shares of the company traded up 0.74%.</li> <li><b>Genius Sports</b>(NYSE:GENI) shares fell to $14.86 on Tuesday, setting a new 52-week low with a shift of down 0.92%.</li> <li><b>Gaotu Techedu</b>(NYSE:GOTU) stock set a new 52-week low of $9.86 on Tuesday, moving up 0.84%.</li> <li><b>MorphoSys</b>(NASDAQ:MOR) stock drifted down 1.77% on Tuesday morning to hit a new 52-week low of $16.04.</li> <li><b>Custom Truck One Source</b>(NYSE:CTOS) stock achieved a new 52-week low on Tuesday morning, hitting $7.92 and moving down 1.35%.</li> <li><b>Root</b>(NASDAQ:ROOT) stock achieved a new 52-week low on Tuesday morning, hitting $7.56 and moving down 3.39%.</li> <li><b>Outset Medical</b>(NASDAQ:OM) shares were up 0.36% for the day, having made a 52-week low of $40.98.</li> <li><b>Taboola.com</b>(NASDAQ:TBLA) stock dropped to a yearly low on Tuesday of $8.37. Shares traded up 1.05%.</li> <li><b>ATI Physical Therapy</b>(NYSE:ATIP) shares set a new yearly low of $7.72 this morning. The stock was up 0.19% on the session.</li> <li><b>Velodyne Lidar</b>(NASDAQ:VLDR) stock drifted down 5.48% on Tuesday morning to hit a new 52-week low of $8.03.</li> <li><b>GrubHub</b>(NASDAQ:GRUB) shares made a new 52-week low of $15.64 on Tuesday. The stock was down 3.8% for the day.</li> <li><b>DouYu International Hldgs</b>(NASDAQ:DOYU) stock hit a yearly low of $4.31. The stock was down 1.35% for the day.</li> <li><b>Singular Genomics Systems</b>(NASDAQ:OMIC) shares set a new yearly low of $18.35 this morning. The stock was down 4.72% on the session.</li> <li><b>Viant Technology</b>(NASDAQ:DSP) stock hit a yearly low of $16.37. The stock was down 3.22% for the day.</li> <li><b>Origin Materials</b>(NASDAQ:ORGN) shares reached a new 52-week low of $6.63 on Tuesday morning, moving down 0.37%.</li> <li><b>Meta Materials</b>(NASDAQ:MMAT) stock hit a yearly low of $3.23. The stock was down 4.88% for the day.</li> <li><b>Montauk Renewables</b>(NASDAQ:MNTK) shares hit a yearly low of $6.15. The stock was down 1.97% on the session.</li> <li><b>CareMax</b>(NASDAQ:CMAX) stock hit a yearly low of $10.25. The stock was up 0.05% for the day.</li> <li><b>HIVE Blockchain</b>(NASDAQ:HVBT) stock set a new 52-week low of $1.87 on Tuesday, moving down 4.54%.</li> <li><b>Pharming</b>(NASDAQ:PHAR) shares were down 0.15% for the day, having made a 52-week low of $10.80.</li> <li><b>AltC Acquisition</b>(NYSE:ALCC) shares reached a new 52-week low of $9.85 on Tuesday morning, moving up 0.09%.</li> <li><b>Convey Holding Parent</b>(NYSE:CNVY) stock achieved a new 52-week low on Tuesday morning, hitting $7.74 and moving down 1.02%.</li> <li><b>Bitfarms</b>(NASDAQ:BITF) stock dropped to a yearly low on Tuesday of $2.81. Shares traded down 3.93%.</li> <li><b>Nordic American Tankers</b>(NYSE:NAT) shares fell to $2.59 on Tuesday, setting a new 52-week low with a shift of up 1.15%.</li> <li><b>Orchard Therapeutics</b>(NASDAQ:ORTX) shares hit a yearly low of $3.20. The stock was 0.0% (flat) on the session.</li> <li><b><a href=\"https://laohu8.com/S/CTMX\">CytomX</a> Therapeutics</b>(NASDAQ:CTMX) stock hit a new 52-week low of $5.63. The stock was 0.0% (flat) on the session.</li> <li><b>Alexco Resource</b>(AMEX:AXU) shares set a new yearly low of $1.99 this morning. The stock was up 1.99% on the session.</li> <li><b></p><p><blockquote><ul><li><b>总能量</b>(纽约证券交易所股票代码:TTE)股价创下52周新低40.33美元。该股下跌1.23%。</li><li><b>滴滴全球</b>(纽约证券交易所代码:DIDI)股价周二创下10.69美元的52周新低,下跌1.54%。</li><li><b>中国人寿保险公司</b>(纽约证券交易所代码:LFC)股价今早创下8.68美元的年度新低。该股当日上涨0.0%(持平)。</li><li><b>陆金所控股</b>(NYSE:LU)股价周二上午触及8.50美元的52周新低,下跌1.95%。</li><li><b>腾讯控股音乐进入Gr</b>(NYSE:TME)股价周二上午下跌0.61%,触及11.24美元的52周新低。</li><li><b>汽车之家</b>(纽约证券交易所代码:ATHM)股价今早创下57.65美元的年度新低。该股盘中下跌3.11%。</li><li><b><a href=\"https://laohu8.com/S/ABCL\">AbCellera生物制品</a></b>(纳斯达克:ABCL)股价周二下跌3.38%,触及15.80美元的52周新低,下跌3.38%。</li><li><b>Abcam</b>(纳斯达克:ABCM)股价周二上午触及17.34美元,创下52周新低,跌幅为1.41%。</li><li><b>现在</b>(纳斯达克:API)股价周二下跌5.09%,触及32.59美元的52周新低,下跌5.09%。</li><li><b>金融壹账通金融科技</b>(纽约证券交易所代码:OCFT)股价周二创下9.26美元的52周新低,下跌0.84%。</li><li><b>虎牙</b>(纽约证券交易所代码:HUYA)股价跌至13.80美元的年度低点。该股当日下跌2.15%。</li><li><b>SolarWinds</b>(纽约证券交易所代码:SWI)股价周二跌至9.80美元的年度低点。股价下跌39.72%。</li><li><b><a href=\"https://laohu8.com/S/GOCO\">GoHealth</a></b>(纳斯达克:GOCO)股价周二跌至9.27美元的52周新低。该公司股价上涨0.74%。</li><li><b>天才体育</b>(纽约证券交易所代码:GENI)股价周二跌至14.86美元,创下52周新低,跌幅为0.92%。</li><li><b>高途科技</b>(纽约证券交易所代码:GOTU)股价周二创下9.86美元的52周新低,上涨0.84%。</li><li><b>形态系统</b>(纳斯达克:MOR)股价周二上午下跌1.77%,触及16.04美元的52周新低。</li><li><b>定制卡车One Source</b>(纽约证券交易所代码:CTOS)股价周二上午创下52周新低,触及7.92美元,下跌1.35%。</li><li><b>根源</b>(纳斯达克:ROOT)股价周二上午创下52周新低,触及7.56美元,下跌3.39%。</li><li><b>Outset医疗</b>(纳斯达克:OM)股价当日上涨0.36%,触及52周低点40.98美元。</li><li><b>Taboola.com</b>(纳斯达克:TBLA)股价周二跌至8.37美元的年度低点。股价上涨1.05%。</li><li><b>ATI物理治疗</b>(纽约证券交易所代码:ATIP)股价今早创下7.72美元的年度新低。该股盘中上涨0.19%。</li><li><b>威力登激光雷达</b>(纳斯达克:VLDR)股价周二上午下跌5.48%,触及8.03美元的52周新低。</li><li><b>GrubHub</b>(纳斯达克:GRUB)股价周二创下15.64美元的52周新低。该股当天下跌3.8%。</li><li><b>斗鱼国际控股</b>(纳斯达克:DOYU)股价触及4.31美元的年度低点。该股当日下跌1.35%。</li><li><b>奇异基因组系统</b>(纳斯达克:OMIC)股价今早创下18.35美元的年度新低。该股盘中下跌4.72%。</li><li><b>维安特科技</b>(纳斯达克:DSP)股价触及16.37美元的年度低点。该股当日下跌3.22%。</li><li><b>来源材料</b>(纳斯达克:ORGN)股价周二上午触及6.63美元的52周新低,下跌0.37%。</li><li><b>超材料</b>(纳斯达克:MMAT)股价触及3.23美元的年度低点。该股当日下跌4.88%。</li><li><b>蒙托克可再生能源</b>(纳斯达克:MNTK)股价跌至6.15美元的年度低点。该股盘中下跌1.97%。</li><li><b>CareMax</b>(纳斯达克:CMAX)股价触及10.25美元的年度低点。该股当日上涨0.05%。</li><li><b>蜂巢区块链</b>(纳斯达克:HVBT)股价周二创下1.87美元的52周新低,下跌4.54%。</li><li><b>域欺骗</b>(纳斯达克:PHAR)股价当天下跌0.15%,触及10.80美元的52周低点。</li><li><b>AltC收购</b>(纽约证券交易所代码:ALCC)股价周二上午触及9.85美元的52周新低,上涨0.09%。</li><li><b>传达控股母公司</b>(纽约证券交易所代码:CNVY)股价周二上午创下52周新低,触及7.74美元,下跌1.02%。</li><li><b>比特农场</b>(纳斯达克:BITF)股价周二跌至2.81美元的年度低点。股价下跌3.93%。</li><li><b>北欧美国油轮</b>(纽约证券交易所代码:NAT)股价周二跌至2.59美元,创下52周新低,涨幅为1.15%。</li><li><b>果园疗法</b>(纳斯达克:ORTX)股价触及3.20美元的年度低点。该股当日上涨0.0%(持平)。</li><li><b><a href=\"https://laohu8.com/S/CTMX\">CytomX</a>治疗学</b>(纳斯达克:CTMX)股价触及5.63美元的52周新低。该股当日上涨0.0%(持平)。</li><li><b>Alexco资源</b>(AMEX:AXU)股价今早创下1.99美元的年度新低。该股盘中上涨1.99%。</li><li><b></b></li></ul></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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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\">\nStocks That Hit 52-Week Lows On Tuesday<blockquote>周二触及52周低点的股市</blockquote>\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time smaller\">2021-07-20 22:33</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p>Before 10 a.m. ET Tuesday, 64 stocks made new 52-week lows.</p><p><blockquote>美国东部时间周二上午10点之前,64只股票创下52周新低。</blockquote></p><p> Key Facts:</p><p><blockquote>关键事实:</blockquote></p><p> <ul> <li><b>TotalEnergies</b>(NYSE:TTE) was the largest, in terms of market cap, to set a new 52-week low.</li> <li>The company with the smallest market cap to set a new 52-week low was<b>Sonoma Pharmaceuticals</b>(NASDAQ:SNOA).</li> <li><b><a href=\"https://laohu8.com/S/ARDX\">Ardelyx</a></b>(NASDAQ:ARDX) made the largest move down on the session, with shares plummeting 75.24% to reach its 52-week low.</li> </ul> Here is a list of stocks that set new 52-week lows during the first half-hour of trading on Tuesday:</p><p><blockquote><ul><li><b>总能量</b>(纽约证券交易所股票代码:TTE)是市值最大的公司,创下52周新低。</li><li>创下52周新低市值最小的公司是<b>索诺玛制药公司</b>(纳斯达克:SNOA)。</li><li><b><a href=\"https://laohu8.com/S/ARDX\">Ardelyx</a></b>(纳斯达克:ARDX)盘中跌幅最大,股价暴跌75.24%,创52周新低。</li></ul>以下是周二交易前半小时创下52周新低的股票列表:</blockquote></p><p></p><p> <ul> <li><b>TotalEnergies</b>(NYSE:TTE) shares set a new 52-week low of $40.33. The stock traded down 1.23%.</li> <li><b>DiDi Global</b>(NYSE:DIDI) stock set a new 52-week low of $10.69 on Tuesday, moving down 1.54%.</li> <li><b>China Life Insurance Co</b>(NYSE:LFC) shares set a new yearly low of $8.68 this morning. The stock was 0.0% (flat) on the session.</li> <li><b>Lufax Holding</b>(NYSE:LU) shares reached a new 52-week low of $8.50 on Tuesday morning, moving down 1.95%.</li> <li><b>Tencent Music Enter Gr</b>(NYSE:TME) stock drifted down 0.61% on Tuesday morning to hit a new 52-week low of $11.24.</li> <li><b>Autohome</b>(NYSE:ATHM) shares set a new yearly low of $57.65 this morning. The stock was down 3.11% on the session.</li> <li><b><a href=\"https://laohu8.com/S/ABCL\">AbCellera Biologics</a></b>(NASDAQ:ABCL) shares moved down 3.38% on Tuesday to hit a new 52-week low of $15.80, drifting down 3.38%.</li> <li><b>Abcam</b>(NASDAQ:ABCM) stock hit $17.34 on Tuesday morning, setting a new 52-week low for a change of down 1.41%.</li> <li><b>Agora</b>(NASDAQ:API) shares moved down 5.09% on Tuesday to hit a new 52-week low of $32.59, drifting down 5.09%.</li> <li><b>OneConnect Financial Tech</b>(NYSE:OCFT) stock set a new 52-week low of $9.26 on Tuesday, moving down 0.84%.</li> <li><b>HUYA</b>(NYSE:HUYA) stock hit a yearly low of $13.80. The stock was down 2.15% for the day.</li> <li><b>SolarWinds</b>(NYSE:SWI) stock dropped to a yearly low on Tuesday of $9.80. Shares traded down 39.72%.</li> <li><b><a href=\"https://laohu8.com/S/GOCO\">GoHealth</a></b>(NASDAQ:GOCO) stock broke to a new 52-week low of $9.27 on Tuesday. Shares of the company traded up 0.74%.</li> <li><b>Genius Sports</b>(NYSE:GENI) shares fell to $14.86 on Tuesday, setting a new 52-week low with a shift of down 0.92%.</li> <li><b>Gaotu Techedu</b>(NYSE:GOTU) stock set a new 52-week low of $9.86 on Tuesday, moving up 0.84%.</li> <li><b>MorphoSys</b>(NASDAQ:MOR) stock drifted down 1.77% on Tuesday morning to hit a new 52-week low of $16.04.</li> <li><b>Custom Truck One Source</b>(NYSE:CTOS) stock achieved a new 52-week low on Tuesday morning, hitting $7.92 and moving down 1.35%.</li> <li><b>Root</b>(NASDAQ:ROOT) stock achieved a new 52-week low on Tuesday morning, hitting $7.56 and moving down 3.39%.</li> <li><b>Outset Medical</b>(NASDAQ:OM) shares were up 0.36% for the day, having made a 52-week low of $40.98.</li> <li><b>Taboola.com</b>(NASDAQ:TBLA) stock dropped to a yearly low on Tuesday of $8.37. Shares traded up 1.05%.</li> <li><b>ATI Physical Therapy</b>(NYSE:ATIP) shares set a new yearly low of $7.72 this morning. The stock was up 0.19% on the session.</li> <li><b>Velodyne Lidar</b>(NASDAQ:VLDR) stock drifted down 5.48% on Tuesday morning to hit a new 52-week low of $8.03.</li> <li><b>GrubHub</b>(NASDAQ:GRUB) shares made a new 52-week low of $15.64 on Tuesday. The stock was down 3.8% for the day.</li> <li><b>DouYu International Hldgs</b>(NASDAQ:DOYU) stock hit a yearly low of $4.31. The stock was down 1.35% for the day.</li> <li><b>Singular Genomics Systems</b>(NASDAQ:OMIC) shares set a new yearly low of $18.35 this morning. The stock was down 4.72% on the session.</li> <li><b>Viant Technology</b>(NASDAQ:DSP) stock hit a yearly low of $16.37. The stock was down 3.22% for the day.</li> <li><b>Origin Materials</b>(NASDAQ:ORGN) shares reached a new 52-week low of $6.63 on Tuesday morning, moving down 0.37%.</li> <li><b>Meta Materials</b>(NASDAQ:MMAT) stock hit a yearly low of $3.23. The stock was down 4.88% for the day.</li> <li><b>Montauk Renewables</b>(NASDAQ:MNTK) shares hit a yearly low of $6.15. The stock was down 1.97% on the session.</li> <li><b>CareMax</b>(NASDAQ:CMAX) stock hit a yearly low of $10.25. The stock was up 0.05% for the day.</li> <li><b>HIVE Blockchain</b>(NASDAQ:HVBT) stock set a new 52-week low of $1.87 on Tuesday, moving down 4.54%.</li> <li><b>Pharming</b>(NASDAQ:PHAR) shares were down 0.15% for the day, having made a 52-week low of $10.80.</li> <li><b>AltC Acquisition</b>(NYSE:ALCC) shares reached a new 52-week low of $9.85 on Tuesday morning, moving up 0.09%.</li> <li><b>Convey Holding Parent</b>(NYSE:CNVY) stock achieved a new 52-week low on Tuesday morning, hitting $7.74 and moving down 1.02%.</li> <li><b>Bitfarms</b>(NASDAQ:BITF) stock dropped to a yearly low on Tuesday of $2.81. Shares traded down 3.93%.</li> <li><b>Nordic American Tankers</b>(NYSE:NAT) shares fell to $2.59 on Tuesday, setting a new 52-week low with a shift of up 1.15%.</li> <li><b>Orchard Therapeutics</b>(NASDAQ:ORTX) shares hit a yearly low of $3.20. The stock was 0.0% (flat) on the session.</li> <li><b><a href=\"https://laohu8.com/S/CTMX\">CytomX</a> Therapeutics</b>(NASDAQ:CTMX) stock hit a new 52-week low of $5.63. The stock was 0.0% (flat) on the session.</li> <li><b>Alexco Resource</b>(AMEX:AXU) shares set a new yearly low of $1.99 this morning. The stock was up 1.99% on the session.</li> <li><b></p><p><blockquote><ul><li><b>总能量</b>(纽约证券交易所股票代码:TTE)股价创下52周新低40.33美元。该股下跌1.23%。</li><li><b>滴滴全球</b>(纽约证券交易所代码:DIDI)股价周二创下10.69美元的52周新低,下跌1.54%。</li><li><b>中国人寿保险公司</b>(纽约证券交易所代码:LFC)股价今早创下8.68美元的年度新低。该股当日上涨0.0%(持平)。</li><li><b>陆金所控股</b>(NYSE:LU)股价周二上午触及8.50美元的52周新低,下跌1.95%。</li><li><b>腾讯控股音乐进入Gr</b>(NYSE:TME)股价周二上午下跌0.61%,触及11.24美元的52周新低。</li><li><b>汽车之家</b>(纽约证券交易所代码:ATHM)股价今早创下57.65美元的年度新低。该股盘中下跌3.11%。</li><li><b><a href=\"https://laohu8.com/S/ABCL\">AbCellera生物制品</a></b>(纳斯达克:ABCL)股价周二下跌3.38%,触及15.80美元的52周新低,下跌3.38%。</li><li><b>Abcam</b>(纳斯达克:ABCM)股价周二上午触及17.34美元,创下52周新低,跌幅为1.41%。</li><li><b>现在</b>(纳斯达克:API)股价周二下跌5.09%,触及32.59美元的52周新低,下跌5.09%。</li><li><b>金融壹账通金融科技</b>(纽约证券交易所代码:OCFT)股价周二创下9.26美元的52周新低,下跌0.84%。</li><li><b>虎牙</b>(纽约证券交易所代码:HUYA)股价跌至13.80美元的年度低点。该股当日下跌2.15%。</li><li><b>SolarWinds</b>(纽约证券交易所代码:SWI)股价周二跌至9.80美元的年度低点。股价下跌39.72%。</li><li><b><a href=\"https://laohu8.com/S/GOCO\">GoHealth</a></b>(纳斯达克:GOCO)股价周二跌至9.27美元的52周新低。该公司股价上涨0.74%。</li><li><b>天才体育</b>(纽约证券交易所代码:GENI)股价周二跌至14.86美元,创下52周新低,跌幅为0.92%。</li><li><b>高途科技</b>(纽约证券交易所代码:GOTU)股价周二创下9.86美元的52周新低,上涨0.84%。</li><li><b>形态系统</b>(纳斯达克:MOR)股价周二上午下跌1.77%,触及16.04美元的52周新低。</li><li><b>定制卡车One Source</b>(纽约证券交易所代码:CTOS)股价周二上午创下52周新低,触及7.92美元,下跌1.35%。</li><li><b>根源</b>(纳斯达克:ROOT)股价周二上午创下52周新低,触及7.56美元,下跌3.39%。</li><li><b>Outset医疗</b>(纳斯达克:OM)股价当日上涨0.36%,触及52周低点40.98美元。</li><li><b>Taboola.com</b>(纳斯达克:TBLA)股价周二跌至8.37美元的年度低点。股价上涨1.05%。</li><li><b>ATI物理治疗</b>(纽约证券交易所代码:ATIP)股价今早创下7.72美元的年度新低。该股盘中上涨0.19%。</li><li><b>威力登激光雷达</b>(纳斯达克:VLDR)股价周二上午下跌5.48%,触及8.03美元的52周新低。</li><li><b>GrubHub</b>(纳斯达克:GRUB)股价周二创下15.64美元的52周新低。该股当天下跌3.8%。</li><li><b>斗鱼国际控股</b>(纳斯达克:DOYU)股价触及4.31美元的年度低点。该股当日下跌1.35%。</li><li><b>奇异基因组系统</b>(纳斯达克:OMIC)股价今早创下18.35美元的年度新低。该股盘中下跌4.72%。</li><li><b>维安特科技</b>(纳斯达克:DSP)股价触及16.37美元的年度低点。该股当日下跌3.22%。</li><li><b>来源材料</b>(纳斯达克:ORGN)股价周二上午触及6.63美元的52周新低,下跌0.37%。</li><li><b>超材料</b>(纳斯达克:MMAT)股价触及3.23美元的年度低点。该股当日下跌4.88%。</li><li><b>蒙托克可再生能源</b>(纳斯达克:MNTK)股价跌至6.15美元的年度低点。该股盘中下跌1.97%。</li><li><b>CareMax</b>(纳斯达克:CMAX)股价触及10.25美元的年度低点。该股当日上涨0.05%。</li><li><b>蜂巢区块链</b>(纳斯达克:HVBT)股价周二创下1.87美元的52周新低,下跌4.54%。</li><li><b>域欺骗</b>(纳斯达克:PHAR)股价当天下跌0.15%,触及10.80美元的52周低点。</li><li><b>AltC收购</b>(纽约证券交易所代码:ALCC)股价周二上午触及9.85美元的52周新低,上涨0.09%。</li><li><b>传达控股母公司</b>(纽约证券交易所代码:CNVY)股价周二上午创下52周新低,触及7.74美元,下跌1.02%。</li><li><b>比特农场</b>(纳斯达克:BITF)股价周二跌至2.81美元的年度低点。股价下跌3.93%。</li><li><b>北欧美国油轮</b>(纽约证券交易所代码:NAT)股价周二跌至2.59美元,创下52周新低,涨幅为1.15%。</li><li><b>果园疗法</b>(纳斯达克:ORTX)股价触及3.20美元的年度低点。该股当日上涨0.0%(持平)。</li><li><b><a href=\"https://laohu8.com/S/CTMX\">CytomX</a>治疗学</b>(纳斯达克:CTMX)股价触及5.63美元的52周新低。该股当日上涨0.0%(持平)。</li><li><b>Alexco资源</b>(AMEX:AXU)股价今早创下1.99美元的年度新低。该股盘中上涨1.99%。</li><li><b></b></li></ul></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1177437175","content_text":"Before 10 a.m. ET Tuesday, 64 stocks made new 52-week lows.\nKey Facts:\n\nTotalEnergies(NYSE:TTE) was the largest, in terms of market cap, to set a new 52-week low.\nThe company with the smallest market cap to set a new 52-week low wasSonoma Pharmaceuticals(NASDAQ:SNOA).\nArdelyx(NASDAQ:ARDX) made the largest move down on the session, with shares plummeting 75.24% to reach its 52-week low.\n\nHere is a list of stocks that set new 52-week lows during the first half-hour of trading on Tuesday:\n\nTotalEnergies(NYSE:TTE) shares set a new 52-week low of $40.33. The stock traded down 1.23%.\nDiDi Global(NYSE:DIDI) stock set a new 52-week low of $10.69 on Tuesday, moving down 1.54%.\nChina Life Insurance Co(NYSE:LFC) shares set a new yearly low of $8.68 this morning. The stock was 0.0% (flat) on the session.\nLufax Holding(NYSE:LU) shares reached a new 52-week low of $8.50 on Tuesday morning, moving down 1.95%.\nTencent Music Enter Gr(NYSE:TME) stock drifted down 0.61% on Tuesday morning to hit a new 52-week low of $11.24.\nAutohome(NYSE:ATHM) shares set a new yearly low of $57.65 this morning. The stock was down 3.11% on the session.\nAbCellera Biologics(NASDAQ:ABCL) shares moved down 3.38% on Tuesday to hit a new 52-week low of $15.80, drifting down 3.38%.\nAbcam(NASDAQ:ABCM) stock hit $17.34 on Tuesday morning, setting a new 52-week low for a change of down 1.41%.\nAgora(NASDAQ:API) shares moved down 5.09% on Tuesday to hit a new 52-week low of $32.59, drifting down 5.09%.\nOneConnect Financial Tech(NYSE:OCFT) stock set a new 52-week low of $9.26 on Tuesday, moving down 0.84%.\nHUYA(NYSE:HUYA) stock hit a yearly low of $13.80. The stock was down 2.15% for the day.\nSolarWinds(NYSE:SWI) stock dropped to a yearly low on Tuesday of $9.80. Shares traded down 39.72%.\nGoHealth(NASDAQ:GOCO) stock broke to a new 52-week low of $9.27 on Tuesday. Shares of the company traded up 0.74%.\nGenius Sports(NYSE:GENI) shares fell to $14.86 on Tuesday, setting a new 52-week low with a shift of down 0.92%.\nGaotu Techedu(NYSE:GOTU) stock set a new 52-week low of $9.86 on Tuesday, moving up 0.84%.\nMorphoSys(NASDAQ:MOR) stock drifted down 1.77% on Tuesday morning to hit a new 52-week low of $16.04.\nCustom Truck One Source(NYSE:CTOS) stock achieved a new 52-week low on Tuesday morning, hitting $7.92 and moving down 1.35%.\nRoot(NASDAQ:ROOT) stock achieved a new 52-week low on Tuesday morning, hitting $7.56 and moving down 3.39%.\nOutset Medical(NASDAQ:OM) shares were up 0.36% for the day, having made a 52-week low of $40.98.\nTaboola.com(NASDAQ:TBLA) stock dropped to a yearly low on Tuesday of $8.37. Shares traded up 1.05%.\nATI Physical Therapy(NYSE:ATIP) shares set a new yearly low of $7.72 this morning. The stock was up 0.19% on the session.\nVelodyne Lidar(NASDAQ:VLDR) stock drifted down 5.48% on Tuesday morning to hit a new 52-week low of $8.03.\nGrubHub(NASDAQ:GRUB) shares made a new 52-week low of $15.64 on Tuesday. The stock was down 3.8% for the day.\nDouYu International Hldgs(NASDAQ:DOYU) stock hit a yearly low of $4.31. The stock was down 1.35% for the day.\nSingular Genomics Systems(NASDAQ:OMIC) shares set a new yearly low of $18.35 this morning. The stock was down 4.72% on the session.\nViant Technology(NASDAQ:DSP) stock hit a yearly low of $16.37. The stock was down 3.22% for the day.\nOrigin Materials(NASDAQ:ORGN) shares reached a new 52-week low of $6.63 on Tuesday morning, moving down 0.37%.\nMeta Materials(NASDAQ:MMAT) stock hit a yearly low of $3.23. The stock was down 4.88% for the day.\nMontauk Renewables(NASDAQ:MNTK) shares hit a yearly low of $6.15. The stock was down 1.97% on the session.\nCareMax(NASDAQ:CMAX) stock hit a yearly low of $10.25. The stock was up 0.05% for the day.\nHIVE Blockchain(NASDAQ:HVBT) stock set a new 52-week low of $1.87 on Tuesday, moving down 4.54%.\nPharming(NASDAQ:PHAR) shares were down 0.15% for the day, having made a 52-week low of $10.80.\nAltC Acquisition(NYSE:ALCC) shares reached a new 52-week low of $9.85 on Tuesday morning, moving up 0.09%.\nConvey Holding Parent(NYSE:CNVY) stock achieved a new 52-week low on Tuesday morning, hitting $7.74 and moving down 1.02%.\nBitfarms(NASDAQ:BITF) stock dropped to a yearly low on Tuesday of $2.81. Shares traded down 3.93%.\nNordic American Tankers(NYSE:NAT) shares fell to $2.59 on Tuesday, setting a new 52-week low with a shift of up 1.15%.\nOrchard Therapeutics(NASDAQ:ORTX) shares hit a yearly low of $3.20. The stock was 0.0% (flat) on the session.\nCytomX Therapeutics(NASDAQ:CTMX) stock hit a new 52-week low of $5.63. The stock was 0.0% (flat) on the session.\nAlexco Resource(AMEX:AXU) shares set a new yearly low of $1.99 this morning. The stock was up 1.99% on the session.\nSera Prognostics(NASDAQ:SERA) shares moved down 0.2% on Tuesday to hit a new 52-week low of $9.51, drifting down 0.2%.\nDynamics Special Purpose(NASDAQ:DYNS) shares moved down 0.2% on Tuesday to hit a new 52-week low of $9.76, drifting down 0.2%.\nGolden Star Resources(AMEX:GSS) stock set a new 52-week low of $2.20 on Tuesday, moving 0.0% (flat).\nAGM Gr Hldgs(NASDAQ:AGMH) stock set a new 52-week low of $8.60 on Tuesday, moving down 4.72%.\nFreeline Therapeutics(NASDAQ:FRLN) shares reached a new 52-week low of $6.07 on Tuesday morning, moving down 5.97%.\nEnsysce Biosciences(NASDAQ:ENSC) stock achieved a new 52-week low on Tuesday morning, hitting $8.80 and moving down 6.84%.\n4d pharma(NASDAQ:LBPS) shares moved down 1.47% on Tuesday to hit a new 52-week low of $9.36, drifting down 1.47%.\nDiginex(NASDAQ:EQOS) stock broke to a new 52-week low of $4.89 on Tuesday. Shares of the company traded down 2.38%.\nArdelyx(NASDAQ:ARDX) shares were down 75.24% for the day, having made a 52-week low of $1.83.\nARYA Sciences Acquisition(NASDAQ:ARYE) stock drifted down 0.7% on Tuesday morning to hit a new 52-week low of $9.96.\nPop Culture Gr(NASDAQ:CPOP) stock drifted down 1.61% on Tuesday morning to hit a new 52-week low of $6.57.\nFirst Capital(NASDAQ:FCAP) shares moved up 2.32% on Tuesday to hit a new 52-week low of $42.55, drifting up 2.32%.\nMedicenna Therapeutics(NASDAQ:MDNA) stock broke to a new 52-week low of $2.45 on Tuesday. Shares of the company traded down 2.77%.\nSunlands Technology(NYSE:STG) stock achieved a new 52-week low on Tuesday morning, hitting $0.76 and moving down 4.31%.\nBridgford Foods(NASDAQ:BRID) shares made a new 52-week low of $13.00 on Tuesday. The stock was down 0.31% for the day.\nLiminal Biosciences(NASDAQ:LMNL) stock set a new 52-week low of $3.27 on Tuesday, moving up 0.19%.\nIntrusion(NASDAQ:INTZ) stock hit a yearly low of $4.32. The stock was down 47.29% for the day.\nJiuzi Holdings(NASDAQ:JZXN) shares set a new 52-week low of $3.51. The stock traded down 5.41%.\nVersus Systems(NASDAQ:VS) shares set a new 52-week low of $4.52. The stock traded down 0.62%.\nTian Ruixiang Holdings(NASDAQ:TIRX) stock set a new 52-week low of $4.56 on Tuesday, moving up 0.15%.\nECMOHO(NASDAQ:MOHO) shares fell to $1.25 on Tuesday, setting a new 52-week low with a shift of down 5.04%.\nChembio Diagnostics(NASDAQ:CEMI) shares made a new 52-week low of $2.20 on Tuesday. The stock was down 7.52% for the day.\nDallasNews(NASDAQ:DALN) shares reached a new 52-week low of $6.39 on Tuesday morning, moving up 0.2%.\nBiondVax Pharmaceuticals(NASDAQ:BVXV) shares moved down 2.4% on Tuesday to hit a new 52-week low of $2.28, drifting down 2.4%.\nSonoma Pharmaceuticals(NASDAQ:SNOA) stock broke to a new 52-week low of $5.36 on Tuesday. Shares of the company traded down 4.72%.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":522,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":173100674,"gmtCreate":1626624572498,"gmtModify":1633925427500,"author":{"id":"3574834972684297","authorId":"3574834972684297","name":"Joanteo","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574834972684297","authorIdStr":"3574834972684297"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/173100674","repostId":"2152368129","repostType":4,"isVote":1,"tweetType":1,"viewCount":799,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":808623750,"gmtCreate":1627574880770,"gmtModify":1633758121554,"author":{"id":"3574834972684297","authorId":"3574834972684297","name":"Joanteo","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574834972684297","authorIdStr":"3574834972684297"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/808623750","repostId":"1165345369","repostType":4,"isVote":1,"tweetType":1,"viewCount":2266,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}