DerekC的个人主页 - 老虎社区

DerekC

DerekC

暂无个人介绍

IP属地：未知

12关注

2粉丝

0主题

0勋章

2021-08-20

Nice

抱歉，原内容已删除

2021-07-19

Hmm

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>

2021-07-16

Hmmm

抱歉，原内容已删除

2021-07-14

Nice

Apple at Fresh Record High on iPhone Production Boost Report, JPMorgan Upgrade<blockquote>苹果因iPhone产量增长报告和摩根大通升级而创下历史新高</blockquote>

2021-07-12

Nice

抱歉，原内容已删除

2021-07-09

On hold, waiting for rainbow

抱歉，原内容已删除

2021-07-08

Good

S&P 500, Nasdaq post record closing highs after Fed minutes<blockquote>美联储会议纪要后，标普500和纳斯达克创下收盘新高</blockquote>

2021-07-07

Ok

抱歉，原内容已删除

2021-07-05

Aws

抱歉，原内容已删除

2021-07-05

Well

US IPO This Week: Just 2 IPOs scheduled for the shortened holiday week<blockquote>本周美国IPO：缩短的假期周仅安排2起IPO</blockquote>

2021-07-05

Nice

Best E-Commerce Stocks To Buy In July 2021? 4 Names In Focus<blockquote>2021年7月最值得购买的电子商务股票？4个名字成为焦点</blockquote>

2021-07-04

Hmmm

抱歉，原内容已删除

2021-07-04

Nice

Second-Half 2021: Market Forecasts, Thoughts and Observations<blockquote>2021年下半年：市场预测、思考与观察</blockquote>

2021-07-02

Nice

抱歉，原内容已删除

2021-07-02

It is nothing new, so as the expensive price [笑哭]

Amazon: Undervalued With Potential Upside Of 25%<blockquote>亚马逊：被低估，潜在上涨空间为25%</blockquote>

2021-07-01

Nice

抱歉，原内容已删除

2021-07-01

Nice

抱歉，原内容已删除

2021-07-01

Micron

抱歉，原内容已删除

2021-06-30

Another potential target tht would drew US attention?

抱歉，原内容已删除

2021-06-30

Nice

抱歉，原内容已删除

去老虎APP查看更多动态

{"i18n":{"language":"zh_CN"},"userPageInfo":{"id":"3574891778837790","uuid":"3574891778837790","gmtCreate":1611799007370,"gmtModify":1625194851041,"name":"DerekC","pinyin":"derekc","introduction":"","introductionEn":null,"signature":"","avatar":"https://static.tigerbbs.com/02824f1a06daf256b2ea13cc9eba6e85","hat":null,"hatId":null,"hatName":null,"vip":1,"status":2,"fanSize":2,"headSize":12,"tweetSize":37,"questionSize":0,"limitLevel":999,"accountStatus":4,"level":{"id":0,"name":"","nameTw":"","represent":"","factor":"","iconColor":"","bgColor":""},"themeCounts":0,"badgeCounts":0,"badges":[],"moderator":false,"superModerator":false,"manageSymbols":null,"badgeLevel":null,"boolIsFan":false,"boolIsHead":false,"favoriteSize":2,"symbols":null,"coverImage":null,"realNameVerified":null,"userBadges":[{"badgeId":"e50ce593bb40487ebfb542ca54f6a561-2","templateUuid":"e50ce593bb40487ebfb542ca54f6a561","name":"资深虎友","description":"加入老虎社区1000天","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.12.07","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1001},{"badgeId":"976c19eed35f4cd78f17501c2e99ef37-1","templateUuid":"976c19eed35f4cd78f17501c2e99ef37","name":"博闻投资者","description":"累计交易超过10只正股","bigImgUrl":"https://static.tigerbbs.com/e74cc24115c4fbae6154ec1b1041bf47","smallImgUrl":"https://static.tigerbbs.com/d48265cbfd97c57f9048db29f22227b0","grayImgUrl":"https://static.tigerbbs.com/76c6d6898b073c77e1c537ebe9ac1c57","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.07.02","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1102},{"badgeId":"518b5610c3e8410da5cfad115e4b0f5a-1","templateUuid":"518b5610c3e8410da5cfad115e4b0f5a","name":"实盘交易者","description":"完成一笔实盘交易","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100}],"userBadgeCount":3,"currentWearingBadge":null,"individualDisplayBadges":null,"crmLevel":12,"crmLevelSwitch":0,"location":"未知","starInvestorFollowerNum":0,"starInvestorFlag":false,"starInvestorOrderShareNum":0,"subscribeStarInvestorNum":0,"ror":null,"winRationPercentage":null,"showRor":false,"investmentPhilosophy":null,"starInvestorSubscribeFlag":false},"baikeInfo":{},"tab":"post","tweets":[{"id":836913802,"gmtCreate":1629446370306,"gmtModify":1631890133276,"author":{"id":"3574891778837790","authorId":"3574891778837790","name":"DerekC","avatar":"https://static.tigerbbs.com/02824f1a06daf256b2ea13cc9eba6e85","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574891778837790","authorIdStr":"3574891778837790"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/836913802","repostId":"1113659023","repostType":4,"isVote":1,"tweetType":1,"viewCount":1706,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":173596974,"gmtCreate":1626667816398,"gmtModify":1631890133287,"author":{"id":"3574891778837790","authorId":"3574891778837790","name":"DerekC","avatar":"https://static.tigerbbs.com/02824f1a06daf256b2ea13cc9eba6e85","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574891778837790","authorIdStr":"3574891778837790"},"themes":[],"htmlText":"Hmm","listText":"Hmm","text":"Hmm","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/173596974","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":"us","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":1188,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":170439099,"gmtCreate":1626444961211,"gmtModify":1631890133303,"author":{"id":"3574891778837790","authorId":"3574891778837790","name":"DerekC","avatar":"https://static.tigerbbs.com/02824f1a06daf256b2ea13cc9eba6e85","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574891778837790","authorIdStr":"3574891778837790"},"themes":[],"htmlText":"Hmmm&nbsp;","listText":"Hmmm&nbsp;","text":"Hmmm","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/170439099","repostId":"2151450981","repostType":4,"isVote":1,"tweetType":1,"viewCount":2735,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":144113600,"gmtCreate":1626271377800,"gmtModify":1631890133332,"author":{"id":"3574891778837790","authorId":"3574891778837790","name":"DerekC","avatar":"https://static.tigerbbs.com/02824f1a06daf256b2ea13cc9eba6e85","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574891778837790","authorIdStr":"3574891778837790"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/144113600","repostId":"1109822941","repostType":4,"repost":{"id":"1109822941","kind":"news","pubTimestamp":1626271170,"share":"https://www.laohu8.com/m/news/1109822941?lang=zh_CN&edition=full","pubTime":"2021-07-14 21:59","market":"us","language":"en","title":"Apple at Fresh Record High on iPhone Production Boost Report, JPMorgan Upgrade<blockquote>苹果因iPhone产量增长报告和摩根大通升级而创下历史新高</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1109822941","media":"Thestreet","summary":"Apple shares jumped to a fresh record high Wednesday following a report that the iPhone maker has asked suppliers to boost production by as much as 20% this year as it looks to meet improving customer demand.Bloomberg reported Wednesday that Apple is looking to build 90 million next-generation iPhones this year, with the world's biggest tech company expected to get a boost from the launch of new 5G handsets later this year. Earlier this month, Apple's main rival, Samsung Electronics, saidJune qu","content":"<p>Apple&nbsp;shares jumped to a fresh record high Wednesday following a report that the iPhone maker has asked suppliers to boost production by as much as 20% this year as it looks to meet improving customer demand.</p><p><blockquote>苹果股价周三跃升至历史新高，此前有报道称，这家iPhone制造商已要求供应商今年将产量提高20%，以满足不断改善的客户需求。</blockquote></p><p> Bloomberg reported Wednesday that Apple is looking to build 90 million next-generation iPhones this year, with the world's biggest tech company expected to get a boost from the launch of new 5G handsets later this year. Earlier this month, Apple's main rival, Samsung Electronics,&nbsp;saidJune quarter profits are likely to rise by 53% from last yearto 12.5 trillion won ($11 billion).</p><p><blockquote>彭博社周三报道称，苹果计划今年生产9000万部下一代iPhone，这家全球最大的科技公司预计将从今年晚些时候推出的新款5G手机中获得提振。本月早些时候，苹果的主要竞争对手三星电子表示，6月份季度利润可能比去年增长53%，达到12.5万亿韩元（110亿美元）。</blockquote></p><p> Shares were also buoyed by an upgrade at JPMorgan, which added the stock to its 'analyst focus list' as&nbsp;Samik Chatterjee&nbsp;boosted his price target by $5 to $175 each.</p><p><blockquote>摩根大通的评级上调也提振了股价，摩根大通将该股添加到“分析师关注名单”中，Samik Chatterjee将其目标价提高了5美元，至每股175美元。</blockquote></p><p> \"We are adding Apple shares to the Analyst Focus List as a Growth idea as data points supporting our recently highlighted favorable view on the shares continue to trickle in, including upside revision to iPhone 12 build estimates by Apple Supply Chain analyst, William Yang, as well as continued strength in sales of Mac devices,\" Chatterjee wrote. \"While the above drivers lead to an increase in our near-term forecasts, the recent momentum led by better market share, drives us to also estimate higher sustainable volumes in future quarters, leading us to see a path to Apple outperforming investor expectations over a longer time horizon rather than just the upcoming earnings print.\"</p><p><blockquote>Chatterjee写道：“随着支持我们最近强调的对该股有利看法的数据点不断涌入，包括苹果供应链分析师William Yang对iPhone 12产量预期的向上修正，我们将苹果股票作为增长理念添加到分析师关注名单中。以及Mac设备销售的持续强劲。”“虽然上述驱动因素导致我们的近期预测增加，但近期由更好的市场份额带动的势头也促使我们估计未来几个季度的可持续销量会更高，这使我们看到苹果的表现将超出投资者预期更长的时间范围，而不仅仅是即将发布的收益报告。”</blockquote></p><p> Apple shares were marked 2.1% higher in early trading Wednesday to change hands at $148.71 each, just shy of the intra-day record high of $148.96 it hit at the opening bell.</p><p><blockquote>苹果股价周三早盘上涨2.1%，至每股148.71美元，略低于开盘时创下的148.96美元的盘中历史新高。</blockquote></p><p> Apple is set to report its third quarter earnings on July 27, with CFO Luca Maestri cautioning investors in late April that the group is likely to experience a \"steeper than usual\" sequential revenue decline thanks in part to supply constraints linked to the global semiconductor shortage following Street-blasting sales of nearly $90 billion for the three months ending in March.</p><p><blockquote>苹果将于7月27日公布第三季度收益，首席财务官卢卡·马埃斯特里(Luca Maestri)在4月底警告投资者，该集团可能会经历“比平常更严重”的收入环比下降，部分原因是与全球半导体相关的供应限制。截至3月份的三个月，街头销售额接近900亿美元，导致短缺。</blockquote></p><p> Apple said iPhone revenues rose 65% from last year to $47.94 billion, well ahead of the $41.7 billion Street forecast, thanks to what CEO Tim Cook called \"strong demand for the iPhone 12 family\".</p><p><blockquote>苹果表示，得益于首席执行官Tim Cook所说的“对iPhone 12系列的强劲需求”，iPhone营收较去年增长65%至479.4亿美元，远高于华尔街预测的417亿美元。</blockquote></p><p> Greater China revenues, Apple said, rose 88% from last year's pandemic trough to $17.728 billion, while overall services revenues rose 26.6% to $16.9 billion.</p><p><blockquote>苹果表示，大中华区收入较去年疫情低谷增长88%，达到177.28亿美元，而整体服务收入增长26.6%，达到169亿美元。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple at Fresh Record High on iPhone Production Boost Report, JPMorgan Upgrade<blockquote>苹果因iPhone产量增长报告和摩根大通升级而创下历史新高</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\">\nApple at Fresh Record High on iPhone Production Boost Report, JPMorgan Upgrade<blockquote>苹果因iPhone产量增长报告和摩根大通升级而创下历史新高</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Thestreet</strong><span class=\"h-time small\">2021-07-14 21:59</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Apple&nbsp;shares jumped to a fresh record high Wednesday following a report that the iPhone maker has asked suppliers to boost production by as much as 20% this year as it looks to meet improving customer demand.</p><p><blockquote>苹果股价周三跃升至历史新高，此前有报道称，这家iPhone制造商已要求供应商今年将产量提高20%，以满足不断改善的客户需求。</blockquote></p><p> Bloomberg reported Wednesday that Apple is looking to build 90 million next-generation iPhones this year, with the world's biggest tech company expected to get a boost from the launch of new 5G handsets later this year. Earlier this month, Apple's main rival, Samsung Electronics,&nbsp;saidJune quarter profits are likely to rise by 53% from last yearto 12.5 trillion won ($11 billion).</p><p><blockquote>彭博社周三报道称，苹果计划今年生产9000万部下一代iPhone，这家全球最大的科技公司预计将从今年晚些时候推出的新款5G手机中获得提振。本月早些时候，苹果的主要竞争对手三星电子表示，6月份季度利润可能比去年增长53%，达到12.5万亿韩元（110亿美元）。</blockquote></p><p> Shares were also buoyed by an upgrade at JPMorgan, which added the stock to its 'analyst focus list' as&nbsp;Samik Chatterjee&nbsp;boosted his price target by $5 to $175 each.</p><p><blockquote>摩根大通的评级上调也提振了股价，摩根大通将该股添加到“分析师关注名单”中，Samik Chatterjee将其目标价提高了5美元，至每股175美元。</blockquote></p><p> \"We are adding Apple shares to the Analyst Focus List as a Growth idea as data points supporting our recently highlighted favorable view on the shares continue to trickle in, including upside revision to iPhone 12 build estimates by Apple Supply Chain analyst, William Yang, as well as continued strength in sales of Mac devices,\" Chatterjee wrote. \"While the above drivers lead to an increase in our near-term forecasts, the recent momentum led by better market share, drives us to also estimate higher sustainable volumes in future quarters, leading us to see a path to Apple outperforming investor expectations over a longer time horizon rather than just the upcoming earnings print.\"</p><p><blockquote>Chatterjee写道：“随着支持我们最近强调的对该股有利看法的数据点不断涌入，包括苹果供应链分析师William Yang对iPhone 12产量预期的向上修正，我们将苹果股票作为增长理念添加到分析师关注名单中。以及Mac设备销售的持续强劲。”“虽然上述驱动因素导致我们的近期预测增加，但近期由更好的市场份额带动的势头也促使我们估计未来几个季度的可持续销量会更高，这使我们看到苹果的表现将超出投资者预期更长的时间范围，而不仅仅是即将发布的收益报告。”</blockquote></p><p> Apple shares were marked 2.1% higher in early trading Wednesday to change hands at $148.71 each, just shy of the intra-day record high of $148.96 it hit at the opening bell.</p><p><blockquote>苹果股价周三早盘上涨2.1%，至每股148.71美元，略低于开盘时创下的148.96美元的盘中历史新高。</blockquote></p><p> Apple is set to report its third quarter earnings on July 27, with CFO Luca Maestri cautioning investors in late April that the group is likely to experience a \"steeper than usual\" sequential revenue decline thanks in part to supply constraints linked to the global semiconductor shortage following Street-blasting sales of nearly $90 billion for the three months ending in March.</p><p><blockquote>苹果将于7月27日公布第三季度收益，首席财务官卢卡·马埃斯特里(Luca Maestri)在4月底警告投资者，该集团可能会经历“比平常更严重”的收入环比下降，部分原因是与全球半导体相关的供应限制。截至3月份的三个月，街头销售额接近900亿美元，导致短缺。</blockquote></p><p> Apple said iPhone revenues rose 65% from last year to $47.94 billion, well ahead of the $41.7 billion Street forecast, thanks to what CEO Tim Cook called \"strong demand for the iPhone 12 family\".</p><p><blockquote>苹果表示，得益于首席执行官Tim Cook所说的“对iPhone 12系列的强劲需求”，iPhone营收较去年增长65%至479.4亿美元，远高于华尔街预测的417亿美元。</blockquote></p><p> Greater China revenues, Apple said, rose 88% from last year's pandemic trough to $17.728 billion, while overall services revenues rose 26.6% to $16.9 billion.</p><p><blockquote>苹果表示，大中华区收入较去年疫情低谷增长88%，达到177.28亿美元，而整体服务收入增长26.6%，达到169亿美元。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.thestreet.com/investing/apple-jumps-on-iphone-production-boost-report-jpmorgan-upgrade\">Thestreet</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://www.thestreet.com/investing/apple-jumps-on-iphone-production-boost-report-jpmorgan-upgrade","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1109822941","content_text":"Apple shares jumped to a fresh record high Wednesday following a report that the iPhone maker has asked suppliers to boost production by as much as 20% this year as it looks to meet improving customer demand.\nBloomberg reported Wednesday that Apple is looking to build 90 million next-generation iPhones this year, with the world's biggest tech company expected to get a boost from the launch of new 5G handsets later this year. Earlier this month, Apple's main rival, Samsung Electronics, saidJune quarter profits are likely to rise by 53% from last yearto 12.5 trillion won ($11 billion).\nShares were also buoyed by an upgrade at JPMorgan, which added the stock to its 'analyst focus list' as Samik Chatterjee boosted his price target by $5 to $175 each.\n\"We are adding Apple shares to the Analyst Focus List as a Growth idea as data points supporting our recently highlighted favorable view on the shares continue to trickle in, including upside revision to iPhone 12 build estimates by Apple Supply Chain analyst, William Yang, as well as continued strength in sales of Mac devices,\" Chatterjee wrote. \"While the above drivers lead to an increase in our near-term forecasts, the recent momentum led by better market share, drives us to also estimate higher sustainable volumes in future quarters, leading us to see a path to Apple outperforming investor expectations over a longer time horizon rather than just the upcoming earnings print.\"\nApple shares were marked 2.1% higher in early trading Wednesday to change hands at $148.71 each, just shy of the intra-day record high of $148.96 it hit at the opening bell.\nApple is set to report its third quarter earnings on July 27, with CFO Luca Maestri cautioning investors in late April that the group is likely to experience a \"steeper than usual\" sequential revenue decline thanks in part to supply constraints linked to the global semiconductor shortage following Street-blasting sales of nearly $90 billion for the three months ending in March.\nApple said iPhone revenues rose 65% from last year to $47.94 billion, well ahead of the $41.7 billion Street forecast, thanks to what CEO Tim Cook called \"strong demand for the iPhone 12 family\".\nGreater China revenues, Apple said, rose 88% from last year's pandemic trough to $17.728 billion, while overall services revenues rose 26.6% to $16.9 billion.","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":1530,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":146634143,"gmtCreate":1626074771682,"gmtModify":1631890133334,"author":{"id":"3574891778837790","authorId":"3574891778837790","name":"DerekC","avatar":"https://static.tigerbbs.com/02824f1a06daf256b2ea13cc9eba6e85","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574891778837790","authorIdStr":"3574891778837790"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/146634143","repostId":"1155038838","repostType":4,"isVote":1,"tweetType":1,"viewCount":3064,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":143402788,"gmtCreate":1625806415844,"gmtModify":1631890133337,"author":{"id":"3574891778837790","authorId":"3574891778837790","name":"DerekC","avatar":"https://static.tigerbbs.com/02824f1a06daf256b2ea13cc9eba6e85","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574891778837790","authorIdStr":"3574891778837790"},"themes":[],"htmlText":"On hold, waiting for rainbow&nbsp;","listText":"On hold, waiting for rainbow&nbsp;","text":"On hold, waiting for rainbow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/143402788","repostId":"2150326565","repostType":2,"isVote":1,"tweetType":1,"viewCount":1674,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":149603626,"gmtCreate":1625718971665,"gmtModify":1631890133348,"author":{"id":"3574891778837790","authorId":"3574891778837790","name":"DerekC","avatar":"https://static.tigerbbs.com/02824f1a06daf256b2ea13cc9eba6e85","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574891778837790","authorIdStr":"3574891778837790"},"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/149603626","repostId":"1193960545","repostType":4,"repost":{"id":"1193960545","kind":"news","pubTimestamp":1625699849,"share":"https://www.laohu8.com/m/news/1193960545?lang=zh_CN&edition=full","pubTime":"2021-07-08 07:17","market":"us","language":"en","title":"S&P 500, Nasdaq post record closing highs after Fed minutes<blockquote>美联储会议纪要后，标普500和纳斯达克创下收盘新高</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1193960545","media":"Reuters","summary":"Fed keen to be \"well positioned\" to act on inflation - minutes\nDow up 0.3%, S&P 500 up 0.3%, Nasdaq ","content":"<p><ul>  <li>Fed keen to be \"well positioned\" to act on inflation - minutes</li>  <li>Dow up 0.3%, S&amp;P 500 up 0.3%, Nasdaq up 0.01%</li> </ul> NEW YORK, July 7 (Reuters) - U.S. stocks ended higher on Wednesday and the S&amp;P 500 and Nasdaq notched record closing highs after minutes from the last Federal Reserve meeting indicated officials may not be ready yet to move on tightening policy.</p><p><blockquote><ul><li>美联储热衷于“做好准备”对通胀采取行动——会议纪要</li><li>道指涨0.3%，标普500涨0.3%，纳斯达克涨0.01%</li></ul>路透纽约7月7日-美国股市周三收高，标普500和纳斯达克创下收盘纪录高位，此前美联储上次会议纪要显示官员可能尚未准备好采取紧缩政策。</blockquote></p><p> According to the minutes of the U.S. central bank's June policy meeting, Fed officials felt substantial further progress on the economic recovery \"was generally seen as not having yet been met,\" but agreed they should be poised to act if inflation or other risks materialized.</p><p><blockquote>根据美联储6月政策会议纪要，美联储官员认为经济复苏“普遍认为尚未取得实质性进一步进展”，但一致认为，如果通胀或其他风险成为现实，他们应该做好采取行动的准备。</blockquote></p><p> \"I read this as effectively a dovish set of notes simply because they don't feel as a group that they have enough certainty around the situation to make any changes at all,\" said Brad McMillan, chief investment officer at Commonwealth Financial Network in Waltham, Massachusetts.</p><p><blockquote>沃尔瑟姆联邦金融网络首席投资官布拉德·麦克米伦(Brad McMillan)表示：“我认为这实际上是一套鸽派言论，因为作为一个群体，他们对局势没有足够的确定性，无法做出任何改变。”，马萨诸塞州。</blockquote></p><p> Treasury yields edged lower following the Fed minutes, while stocks mostly edged higher.</p><p><blockquote>美联储会议纪要公布后，美国国债收益率小幅走低，而股市大多小幅走高。</blockquote></p><p> The minutes reflected a divided Fed wrestling with new inflation risks but still relatively high unemployment.</p><p><blockquote>会议纪要反映了美联储在应对新的通胀风险但失业率仍然相对较高的问题上存在分歧。</blockquote></p><p> After its meeting and statement last month, investors began to anticipate the Fed would move more quickly to tighten than previously expected.</p><p><blockquote>在上个月的会议和声明之后，投资者开始预计美联储将比之前预期更快地采取紧缩行动。</blockquote></p><p> Wall Street has been concerned about inflation, with investors moving between economy-linked value stocks and growth names in the past few sessions.</p><p><blockquote>华尔街一直担心通胀，过去几个交易日投资者在与经济相关的价值股和成长型股票之间切换。</blockquote></p><p> Both growth(.RLG)and value stocks(.RLV)gained on Wednesday, while industrials(.SPLRCI)and materials(.SPLRCM)led S&amp;P 500 sector gains.</p><p><blockquote>成长股(.RLG)和价值股(.RLV)周三均上涨，而工业股(.SPLRCI)和材料股(.SPLRCM)领涨标普500板块。</blockquote></p><p> The Dow Jones Industrial Average(.DJI)rose 104.42 points, or 0.3%, to 34,681.79, the S&amp;P 500(.SPX)gained 14.59 points, or 0.34%, to 4,358.13 and the Nasdaq Composite(.IXIC)added 1.42 points, or 0.01%, to 14,665.06.<img src=\"https://static.tigerbbs.com/b82724f48859f601746f387b53e8bf71\" tg-width=\"958\" tg-height=\"720\" referrerpolicy=\"no-referrer\">China's market regulator said it has fined a number of internet companies including Didi Global(DIDI.N), Tencent(0700.HK)and Alibaba(9988.HK)for failing to report earlier merger and acquisition deals for approval.read more</p><p><blockquote>道琼斯工业平均指数(.DJI)上涨104.42点，涨幅0.3%，至34,681.79点，标普500(.SPX)上涨14.59点，涨幅0.34%，至4,358.13点，纳斯达克综合指数(.IXIC)上涨1.42点，涨幅0.01%，至14,665.06点。中国市场监管机构表示，已对滴滴出行（DIDI.N）、腾讯控股（0700.HK）和阿里巴巴-SW（9988.HK）等多家互联网公司处以罚款，原因是其未能将早期并购交易上报审批。了解更多</blockquote></p><p> U.S.-listed shares of Didi fell 4.6%, adding to a nearly 20% slump on Tuesday.</p><p><blockquote>滴滴在美国上市的股价下跌4.6%，周二跌幅接近20%。</blockquote></p><p> Declining issues outnumbered advancing ones on the NYSE by a 1.02-to-1 ratio; on Nasdaq, a 1.92-to-1 ratio favored decliners.</p><p><blockquote>纽约证券交易所下跌股与上涨股的比例为1.02比1；在纳斯达克，1.92比1的比率有利于下跌股。</blockquote></p><p> The S&amp;P 500 posted 71 new 52-week highs and no new lows; the Nasdaq Composite recorded 84 new highs and 121 new lows.</p><p><blockquote>标普500创下71个52周新高，无新低；纳斯达克综合指数录得84个新高和121个新低。</blockquote></p><p> Volume on U.S. exchanges was 10.04 billion shares, compared with the 10.7 billion average for the full session over the last 20 trading days.</p><p><blockquote>美国交易所的成交量为100.4亿股，而过去20个交易日的平均成交量为107亿股。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>S&P 500, Nasdaq post record closing highs after Fed minutes<blockquote>美联储会议纪要后，标普500和纳斯达克创下收盘新高</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\">\nS&P 500, Nasdaq post record closing highs after Fed minutes<blockquote>美联储会议纪要后，标普500和纳斯达克创下收盘新高</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Reuters</strong><span class=\"h-time small\">2021-07-08 07:17</span>\n</p>\n</h4>\n</header>\n<article>\n<p><ul>  <li>Fed keen to be \"well positioned\" to act on inflation - minutes</li>  <li>Dow up 0.3%, S&amp;P 500 up 0.3%, Nasdaq up 0.01%</li> </ul> NEW YORK, July 7 (Reuters) - U.S. stocks ended higher on Wednesday and the S&amp;P 500 and Nasdaq notched record closing highs after minutes from the last Federal Reserve meeting indicated officials may not be ready yet to move on tightening policy.</p><p><blockquote><ul><li>美联储热衷于“做好准备”对通胀采取行动——会议纪要</li><li>道指涨0.3%，标普500涨0.3%，纳斯达克涨0.01%</li></ul>路透纽约7月7日-美国股市周三收高，标普500和纳斯达克创下收盘纪录高位，此前美联储上次会议纪要显示官员可能尚未准备好采取紧缩政策。</blockquote></p><p> According to the minutes of the U.S. central bank's June policy meeting, Fed officials felt substantial further progress on the economic recovery \"was generally seen as not having yet been met,\" but agreed they should be poised to act if inflation or other risks materialized.</p><p><blockquote>根据美联储6月政策会议纪要，美联储官员认为经济复苏“普遍认为尚未取得实质性进一步进展”，但一致认为，如果通胀或其他风险成为现实，他们应该做好采取行动的准备。</blockquote></p><p> \"I read this as effectively a dovish set of notes simply because they don't feel as a group that they have enough certainty around the situation to make any changes at all,\" said Brad McMillan, chief investment officer at Commonwealth Financial Network in Waltham, Massachusetts.</p><p><blockquote>沃尔瑟姆联邦金融网络首席投资官布拉德·麦克米伦(Brad McMillan)表示：“我认为这实际上是一套鸽派言论，因为作为一个群体，他们对局势没有足够的确定性，无法做出任何改变。”，马萨诸塞州。</blockquote></p><p> Treasury yields edged lower following the Fed minutes, while stocks mostly edged higher.</p><p><blockquote>美联储会议纪要公布后，美国国债收益率小幅走低，而股市大多小幅走高。</blockquote></p><p> The minutes reflected a divided Fed wrestling with new inflation risks but still relatively high unemployment.</p><p><blockquote>会议纪要反映了美联储在应对新的通胀风险但失业率仍然相对较高的问题上存在分歧。</blockquote></p><p> After its meeting and statement last month, investors began to anticipate the Fed would move more quickly to tighten than previously expected.</p><p><blockquote>在上个月的会议和声明之后，投资者开始预计美联储将比之前预期更快地采取紧缩行动。</blockquote></p><p> Wall Street has been concerned about inflation, with investors moving between economy-linked value stocks and growth names in the past few sessions.</p><p><blockquote>华尔街一直担心通胀，过去几个交易日投资者在与经济相关的价值股和成长型股票之间切换。</blockquote></p><p> Both growth(.RLG)and value stocks(.RLV)gained on Wednesday, while industrials(.SPLRCI)and materials(.SPLRCM)led S&amp;P 500 sector gains.</p><p><blockquote>成长股(.RLG)和价值股(.RLV)周三均上涨，而工业股(.SPLRCI)和材料股(.SPLRCM)领涨标普500板块。</blockquote></p><p> The Dow Jones Industrial Average(.DJI)rose 104.42 points, or 0.3%, to 34,681.79, the S&amp;P 500(.SPX)gained 14.59 points, or 0.34%, to 4,358.13 and the Nasdaq Composite(.IXIC)added 1.42 points, or 0.01%, to 14,665.06.<img src=\"https://static.tigerbbs.com/b82724f48859f601746f387b53e8bf71\" tg-width=\"958\" tg-height=\"720\" referrerpolicy=\"no-referrer\">China's market regulator said it has fined a number of internet companies including Didi Global(DIDI.N), Tencent(0700.HK)and Alibaba(9988.HK)for failing to report earlier merger and acquisition deals for approval.read more</p><p><blockquote>道琼斯工业平均指数(.DJI)上涨104.42点，涨幅0.3%，至34,681.79点，标普500(.SPX)上涨14.59点，涨幅0.34%，至4,358.13点，纳斯达克综合指数(.IXIC)上涨1.42点，涨幅0.01%，至14,665.06点。中国市场监管机构表示，已对滴滴出行（DIDI.N）、腾讯控股（0700.HK）和阿里巴巴-SW（9988.HK）等多家互联网公司处以罚款，原因是其未能将早期并购交易上报审批。了解更多</blockquote></p><p> U.S.-listed shares of Didi fell 4.6%, adding to a nearly 20% slump on Tuesday.</p><p><blockquote>滴滴在美国上市的股价下跌4.6%，周二跌幅接近20%。</blockquote></p><p> Declining issues outnumbered advancing ones on the NYSE by a 1.02-to-1 ratio; on Nasdaq, a 1.92-to-1 ratio favored decliners.</p><p><blockquote>纽约证券交易所下跌股与上涨股的比例为1.02比1；在纳斯达克，1.92比1的比率有利于下跌股。</blockquote></p><p> The S&amp;P 500 posted 71 new 52-week highs and no new lows; the Nasdaq Composite recorded 84 new highs and 121 new lows.</p><p><blockquote>标普500创下71个52周新高，无新低；纳斯达克综合指数录得84个新高和121个新低。</blockquote></p><p> Volume on U.S. exchanges was 10.04 billion shares, compared with the 10.7 billion average for the full session over the last 20 trading days.</p><p><blockquote>美国交易所的成交量为100.4亿股，而过去20个交易日的平均成交量为107亿股。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.reuters.com/business/sp-500-nasdaq-post-record-closing-highs-after-fed-minutes-2021-07-07/\">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":{"161125":"标普500","NDAQ":"纳斯达克OMX交易所","QID":"两倍做空纳斯达克指数ETF-ProShares",".IXIC":"NASDAQ Composite","SPXU":"三倍做空标普500ETF-ProShares","SDS":"两倍做空标普500 ETF-ProShares","SPY":"标普500ETF","OEF":"标普100指数ETF-iShares","UPRO":"三倍做多标普500ETF-ProShares","SH":"做空标普500-Proshares","OEX":"标普100",".SPX":"S&P 500 Index","PSQ":"做空纳斯达克100指数ETF-ProShares","SSO":"2倍做多标普500ETF-ProShares","QQQ":"纳指100ETF","TQQQ":"纳指三倍做多ETF","IVV":"标普500ETF-iShares"},"source_url":"https://www.reuters.com/business/sp-500-nasdaq-post-record-closing-highs-after-fed-minutes-2021-07-07/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1193960545","content_text":"Fed keen to be \"well positioned\" to act on inflation - minutes\nDow up 0.3%, S&P 500 up 0.3%, Nasdaq up 0.01%\n\nNEW YORK, July 7 (Reuters) - U.S. stocks ended higher on Wednesday and the S&P 500 and Nasdaq notched record closing highs after minutes from the last Federal Reserve meeting indicated officials may not be ready yet to move on tightening policy.\nAccording to the minutes of the U.S. central bank's June policy meeting, Fed officials felt substantial further progress on the economic recovery \"was generally seen as not having yet been met,\" but agreed they should be poised to act if inflation or other risks materialized.\n\"I read this as effectively a dovish set of notes simply because they don't feel as a group that they have enough certainty around the situation to make any changes at all,\" said Brad McMillan, chief investment officer at Commonwealth Financial Network in Waltham, Massachusetts.\nTreasury yields edged lower following the Fed minutes, while stocks mostly edged higher.\nThe minutes reflected a divided Fed wrestling with new inflation risks but still relatively high unemployment.\nAfter its meeting and statement last month, investors began to anticipate the Fed would move more quickly to tighten than previously expected.\nWall Street has been concerned about inflation, with investors moving between economy-linked value stocks and growth names in the past few sessions.\nBoth growth(.RLG)and value stocks(.RLV)gained on Wednesday, while industrials(.SPLRCI)and materials(.SPLRCM)led S&P 500 sector gains.\nThe Dow Jones Industrial Average(.DJI)rose 104.42 points, or 0.3%, to 34,681.79, the S&P 500(.SPX)gained 14.59 points, or 0.34%, to 4,358.13 and the Nasdaq Composite(.IXIC)added 1.42 points, or 0.01%, to 14,665.06.China's market regulator said it has fined a number of internet companies including Didi Global(DIDI.N), Tencent(0700.HK)and Alibaba(9988.HK)for failing to report earlier merger and acquisition deals for approval.read more\nU.S.-listed shares of Didi fell 4.6%, adding to a nearly 20% slump on Tuesday.\nDeclining issues outnumbered advancing ones on the NYSE by a 1.02-to-1 ratio; on Nasdaq, a 1.92-to-1 ratio favored decliners.\nThe S&P 500 posted 71 new 52-week highs and no new lows; the Nasdaq Composite recorded 84 new highs and 121 new lows.\nVolume on U.S. exchanges was 10.04 billion shares, compared with the 10.7 billion average for the full session over the last 20 trading days.","news_type":1,"symbols_score_info":{"161125":0.9,"MNQmain":0.9,"IVV":0.9,"SH":0.9,"QID":0.9,"SPY":0.9,"OEX":0.9,".SPX":0.9,"OEF":0.9,".IXIC":0.9,"NQmain":0.9,"PSQ":0.9,"SSO":0.9,"QQQ":0.9,"SPXU":0.9,"NDAQ":0.9,"UPRO":0.9,"SDS":0.9,"TQQQ":0.9,"ESmain":0.9}},"isVote":1,"tweetType":1,"viewCount":1493,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":140734742,"gmtCreate":1625672594886,"gmtModify":1631890133361,"author":{"id":"3574891778837790","authorId":"3574891778837790","name":"DerekC","avatar":"https://static.tigerbbs.com/02824f1a06daf256b2ea13cc9eba6e85","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574891778837790","authorIdStr":"3574891778837790"},"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/140734742","repostId":"1140589344","repostType":2,"isVote":1,"tweetType":1,"viewCount":1211,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":154825574,"gmtCreate":1625500245098,"gmtModify":1631890133372,"author":{"id":"3574891778837790","authorId":"3574891778837790","name":"DerekC","avatar":"https://static.tigerbbs.com/02824f1a06daf256b2ea13cc9eba6e85","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574891778837790","authorIdStr":"3574891778837790"},"themes":[],"htmlText":"Aws","listText":"Aws","text":"Aws","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/154825574","repostId":"1157317474","repostType":4,"isVote":1,"tweetType":1,"viewCount":3018,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":154822599,"gmtCreate":1625500157111,"gmtModify":1631890133389,"author":{"id":"3574891778837790","authorId":"3574891778837790","name":"DerekC","avatar":"https://static.tigerbbs.com/02824f1a06daf256b2ea13cc9eba6e85","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574891778837790","authorIdStr":"3574891778837790"},"themes":[],"htmlText":"Well","listText":"Well","text":"Well","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/154822599","repostId":"1166963826","repostType":4,"repost":{"id":"1166963826","kind":"news","pubTimestamp":1625486061,"share":"https://www.laohu8.com/m/news/1166963826?lang=zh_CN&edition=full","pubTime":"2021-07-05 19:54","market":"us","language":"en","title":"US IPO This Week: Just 2 IPOs scheduled for the shortened holiday week<blockquote>本周美国IPO：缩短的假期周仅安排2起IPO</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1166963826","media":"renaissancecap...","summary":"Following its busiest week in over a decade, the US IPO market is taking a breather after the holida","content":"<p>Following its busiest week in over a decade, the US IPO market is taking a breather after the holiday with just two IPOs scheduled for the shortened week ahead.</p><p><blockquote>在经历了十多年来最繁忙的一周后，美国IPO市场在假期后休息一下，在未来缩短的一周内仅安排了两起IPO。</blockquote></p><p> While the calendar is quiet at the moment, several companies are primed to launch, including luxury social club&nbsp;<b>Membership Collective Group</b>(MCG), Wahlberg-backed fitness franchise&nbsp;<b>F45 Training</b>(FXLV), database provider&nbsp;<b>Couchbase</b>(BASE), and consumer banking platform<b>BlendLabs</b>(BLND).</p><p><blockquote>虽然目前日程平静，但几家公司已准备好推出，其中包括豪华社交俱乐部<b>会员集体组</b>(MCG)，沃尔伯格支持的健身特许经营店<b>F45训练</b>(FXLV)，数据库提供商<b>沙发座</b>（基地）和消费银行平台<b>混合实验室</b>（BLND）。</blockquote></p><p> Chinese healthcare data company&nbsp;<b>LinkDoc Technology</b>(LDOC) plans to raise $200 million at a $1.5 billion market cap. This AI-driven healthcare technology company provides a data platform for patient care and clinical research, specifically within oncology. Unprofitable with strong growth, LinkDoc's platform has cumulatively cared for over 3.5 million patients and provided longitudinal care for over 2.5 million patients since 2015.</p><p><blockquote>中国医疗保健数据公司<b>LinkDoc技术</b>(LDOC)计划以15亿美元的市值筹集2亿美元。这家人工智能驱动的医疗保健技术公司为患者护理和临床研究提供了一个数据平台，特别是在肿瘤学领域。自2015年以来，LinkDoc的平台已累计护理了超过350万名患者，并为超过250万名患者提供了纵向护理。</blockquote></p><p> OTC-list&nbsp;<b>Minim</b>(MINM), which provides intelligent networking products and a WiFi as a Service platform, has not set terms but plans to begin trading in the week ahead.&nbsp;Minim has developed intelligent networking products and a WiFi as a Service platform that powers applications for businesses, service providers, and home users. The company's products can be found in retailers across the US and in over 100 Internet Service Providers broadband offerings.</p><p><blockquote>场外交易清单<b>Minim</b>（MINM）提供智能联网产品和WiFi即服务平台，尚未设定条款，但计划在未来一周开始交易。Minim开发了智能联网产品和WiFi即服务平台，为企业、服务提供商和家庭用户的应用程序提供支持。该公司的产品可以在美国各地的零售商和100多家互联网服务提供商的宽带产品中找到。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/003a0748043153c660ff267811776609\" tg-width=\"1421\" tg-height=\"362\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>","source":"lsy1619493174116","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>US IPO This Week: Just 2 IPOs scheduled for the shortened holiday week<blockquote>本周美国IPO：缩短的假期周仅安排2起IPO</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\">\nUS IPO This Week: Just 2 IPOs scheduled for the shortened holiday week<blockquote>本周美国IPO：缩短的假期周仅安排2起IPO</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">renaissancecap...</strong><span class=\"h-time small\">2021-07-05 19:54</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Following its busiest week in over a decade, the US IPO market is taking a breather after the holiday with just two IPOs scheduled for the shortened week ahead.</p><p><blockquote>在经历了十多年来最繁忙的一周后，美国IPO市场在假期后休息一下，在未来缩短的一周内仅安排了两起IPO。</blockquote></p><p> While the calendar is quiet at the moment, several companies are primed to launch, including luxury social club&nbsp;<b>Membership Collective Group</b>(MCG), Wahlberg-backed fitness franchise&nbsp;<b>F45 Training</b>(FXLV), database provider&nbsp;<b>Couchbase</b>(BASE), and consumer banking platform<b>BlendLabs</b>(BLND).</p><p><blockquote>虽然目前日程平静，但几家公司已准备好推出，其中包括豪华社交俱乐部<b>会员集体组</b>(MCG)，沃尔伯格支持的健身特许经营店<b>F45训练</b>(FXLV)，数据库提供商<b>沙发座</b>（基地）和消费银行平台<b>混合实验室</b>（BLND）。</blockquote></p><p> Chinese healthcare data company&nbsp;<b>LinkDoc Technology</b>(LDOC) plans to raise $200 million at a $1.5 billion market cap. This AI-driven healthcare technology company provides a data platform for patient care and clinical research, specifically within oncology. Unprofitable with strong growth, LinkDoc's platform has cumulatively cared for over 3.5 million patients and provided longitudinal care for over 2.5 million patients since 2015.</p><p><blockquote>中国医疗保健数据公司<b>LinkDoc技术</b>(LDOC)计划以15亿美元的市值筹集2亿美元。这家人工智能驱动的医疗保健技术公司为患者护理和临床研究提供了一个数据平台，特别是在肿瘤学领域。自2015年以来，LinkDoc的平台已累计护理了超过350万名患者，并为超过250万名患者提供了纵向护理。</blockquote></p><p> OTC-list&nbsp;<b>Minim</b>(MINM), which provides intelligent networking products and a WiFi as a Service platform, has not set terms but plans to begin trading in the week ahead.&nbsp;Minim has developed intelligent networking products and a WiFi as a Service platform that powers applications for businesses, service providers, and home users. The company's products can be found in retailers across the US and in over 100 Internet Service Providers broadband offerings.</p><p><blockquote>场外交易清单<b>Minim</b>（MINM）提供智能联网产品和WiFi即服务平台，尚未设定条款，但计划在未来一周开始交易。Minim开发了智能联网产品和WiFi即服务平台，为企业、服务提供商和家庭用户的应用程序提供支持。该公司的产品可以在美国各地的零售商和100多家互联网服务提供商的宽带产品中找到。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/003a0748043153c660ff267811776609\" tg-width=\"1421\" tg-height=\"362\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.renaissancecapital.com/IPO-Center/News/83625/US-IPO-Week-Ahead-Just-2-IPOs-scheduled-for-the-shortened-holiday-week\">renaissancecap...</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.renaissancecapital.com/IPO-Center/News/83625/US-IPO-Week-Ahead-Just-2-IPOs-scheduled-for-the-shortened-holiday-week","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1166963826","content_text":"Following its busiest week in over a decade, the US IPO market is taking a breather after the holiday with just two IPOs scheduled for the shortened week ahead.\nWhile the calendar is quiet at the moment, several companies are primed to launch, including luxury social club Membership Collective Group(MCG), Wahlberg-backed fitness franchise F45 Training(FXLV), database provider Couchbase(BASE), and consumer banking platformBlendLabs(BLND).\nChinese healthcare data company LinkDoc Technology(LDOC) plans to raise $200 million at a $1.5 billion market cap. This AI-driven healthcare technology company provides a data platform for patient care and clinical research, specifically within oncology. Unprofitable with strong growth, LinkDoc's platform has cumulatively cared for over 3.5 million patients and provided longitudinal care for over 2.5 million patients since 2015.\nOTC-list Minim(MINM), which provides intelligent networking products and a WiFi as a Service platform, has not set terms but plans to begin trading in the week ahead. Minim has developed intelligent networking products and a WiFi as a Service platform that powers applications for businesses, service providers, and home users. The company's products can be found in retailers across the US and in over 100 Internet Service Providers broadband offerings.","news_type":1,"symbols_score_info":{"LDOC":0.9,"MINM":0.9}},"isVote":1,"tweetType":1,"viewCount":1531,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":154023806,"gmtCreate":1625461810405,"gmtModify":1633940441425,"author":{"id":"3574891778837790","authorId":"3574891778837790","name":"DerekC","avatar":"https://static.tigerbbs.com/02824f1a06daf256b2ea13cc9eba6e85","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574891778837790","authorIdStr":"3574891778837790"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/154023806","repostId":"1170100655","repostType":4,"repost":{"id":"1170100655","kind":"news","pubTimestamp":1625452503,"share":"https://www.laohu8.com/m/news/1170100655?lang=zh_CN&edition=full","pubTime":"2021-07-05 10:35","market":"us","language":"en","title":"Best E-Commerce Stocks To Buy In July 2021? 4 Names In Focus<blockquote>2021年7月最值得购买的电子商务股票？4个名字成为焦点</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1170100655","media":"Nasdaq","summary":"Could These Be The Top E-Commerce Stocks To Watch Right Now?E-commerce stocks had a historic year in thestock marketlast year. Well, it shouldn’t come as a surprise since many countries around the world were sent into lockdown. At that point, most shopping activities were conducted online. So, even those who were skeptical of online shopping initially must have been exposed to e-commerce platforms. This is of course due to the advancement of technology as well. Some company’s platforms such as P","content":"<p>Could These Be The Top E-Commerce Stocks To Watch Right Now?</p><p><blockquote>这些可能是目前最值得关注的电子商务股票吗？</blockquote></p><p> E-commerce stocks had a historic year in thestock marketlast year. Well, it shouldn’t come as a surprise since many countries around the world were sent into lockdown. At that point, most shopping activities were conducted online. So, even those who were skeptical of online shopping initially must have been exposed to e-commerce platforms. This is of course due to the advancement of technology as well. Some company’s platforms such as Pinterest Inc (NYSE: PINS) even have augmented reality features that would allow you to have a rough idea of what you’re getting.</p><p><blockquote>去年，电子商务股票在股市上度过了历史性的一年。嗯，这并不奇怪，因为世界上许多国家都被封锁了。那时，大多数购物活动都是在网上进行的。所以，即使是那些最初对网上购物持怀疑态度的人，也一定接触过电子商务平台。这当然也是由于技术的进步。Pinterest公司（纽约证券交易所股票代码：PINS）等一些公司的平台甚至具有增强现实功能，可以让您大致了解您将获得的内容。</blockquote></p><p> The shift to online shopping has resulted in many emerging e-commerce companies. For example, we have Jumia Technologies (NYSE: JMIA) that aims to be the top online marketplace in the whole of Africa. Perhaps, this should not be overlooked as e-commerce is still a growing sector in Africa. Moreover, JMIA stock has already soared by more than 400% just within the past year. Now, if you are optimistic about the future of e-commerce, here’s a list of fourtop e-commerce stocks to watchin thestock market today.</p><p><blockquote>向网上购物的转变催生了许多新兴的电子商务公司。例如，我们有Jumia Technologies（纽约证券交易所代码：JMIA），其目标是成为整个非洲的顶级在线市场。也许，这不应该被忽视，因为电子商务在非洲仍然是一个不断增长的部门。此外，JMIA股价仅在过去一年内就飙升了400%以上。现在，如果您对电子商务的未来持乐观态度，这里列出了当今股市值得关注的四大电子商务股票。</blockquote></p><p> Best E-Commerce Stocks To Watch</p><p><blockquote>最值得关注的电子商务股票</blockquote></p><p> <ul>  <li><b><a href=\"https://laohu8.com/S/ETSY\">Etsy</a> Inc</b>(NASDAQ: ETSY)</li>  <li><b><a href=\"https://laohu8.com/S/EBAYL\">eBay</a> Inc</b>(NASDAQ: EBAY)</li>  <li><b><a href=\"https://laohu8.com/S/BABA\">Alibaba</a> Group Holding Ltd</b>(NYSE: BABA)</li>  <li><b>Chewy Inc</b>(NYSE: CHWY)</li> </ul> <a href=\"https://laohu8.com/S/ETSY\">Etsy</a> Inc</p><p><blockquote><ul><li><b><a href=\"https://laohu8.com/S/ETSY\">Etsy</a>Inc</b>（纳斯达克：ETSY）</li><li><b><a href=\"https://laohu8.com/S/EBAYL\">eBay</a>Inc</b>（纳斯达克：EBAY）</li><li><b><a href=\"https://laohu8.com/S/BABA\">阿里巴巴-SW</a>集团控股有限公司</b>（纽约证券交易所代码：BABA）</li><li><b>耐嚼公司</b>（纽约证券交易所代码：CHWY）</li></ul><a href=\"https://laohu8.com/S/ETSY\">Etsy</a>Inc</blockquote></p><p> Let us start the list with Etsy. The company operates a marketplace where people globally connect, both online and offline to sell and buy goods. It also offers a range of seller services and tools that help entrepreneurs manage their businesses. As of now, the company’s seller services include Direct Checkout, Promoted Listings, Shipping Labels, and <a href=\"https://laohu8.com/S/PEGI\">Pattern</a> by Etsy. ETSY stock has risen by over 80% over the past year.</p><p><blockquote>让我们从Etsy开始。该公司运营着一个市场，人们可以在线上和线下进行全球联系，买卖商品。它还提供一系列卖家服务和工具，帮助企业家管理他们的业务。截至目前，该公司的卖家服务包括直接结账、促销列表、运输标签和<a href=\"https://laohu8.com/S/PEGI\">模式</a>作者Etsy。ETSY股价在过去一年上涨了80%以上。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/4998810533317bc7562c92dbf9801556\" tg-width=\"250\" tg-height=\"209\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> On Monday, Etsy signed a definitive agreement to acquire Elo7, a privately held marketplace for unique, handmade items, ranked as a top 10 e-commerce site in Brazil. The Elo7 marketplace connects approximately 1.9 million active buyers with approximately 56,000 active sellers and currently has approximately 8 million items for sale. Hence, this deal would establish Etsy’s presence in Latin America, an underpenetrated e-commerce region.</p><p><blockquote>周一，Etsy签署了一项最终协议，收购Elo7，这是一个私人拥有的独特手工商品市场，在巴西排名前十的电子商务网站。Elo7市场连接了大约190万活跃买家和大约56,000名活跃卖家，目前有大约800万件商品待售。因此，这笔交易将确立Etsy在拉丁美洲这个电子商务渗透率较低的地区的地位。</blockquote></p><p> Etsy is not resting on its laurels. It also signed a definitive agreement to acquire Depop, a purpose-driven marketplace for unique fashion for $1.625 billion earlier in June. Depop is a community-powered marketplace to buy and sell unique fashion, with a mission to build the world’s most diverse and progressive home of fashion. It appears that 90% of Depop’s active users are under the age of 26. So, this could serve as a resale home for Gen Z consumers to the Etsy family. Given all these exciting developments, would you consider investing in ETSY stock?</p><p><blockquote>Etsy并没有固步自封。6月初，该公司还签署了一项最终协议，以16.25亿美元收购Depop，这是一个以目的为导向的独特时尚市场。Depop是一个社区驱动的市场，买卖独特的时尚，其使命是建立世界上最多样化和最进步的时尚之家。Depop 90%的活跃用户年龄在26岁以下。因此，这可以作为Z世代消费者向Etsy家族的转售房屋。鉴于所有这些令人兴奋的发展，您会考虑投资ETSY股票吗？</blockquote></p><p> <a href=\"https://laohu8.com/S/EBAY\">eBay</a> Inc</p><p><blockquote><a href=\"https://laohu8.com/S/EBAY\">eBay</a>Inc</blockquote></p><p> Next, we have <a href=\"https://laohu8.com/S/AONE\">one</a> of the industry leaders of e-commerce, <a href=\"https://laohu8.com/S/EBAYL\">eBay</a>. Essentially, the company operates marketplace platforms that connect buyers and sellers globally. This includes its online marketplace at ebay.com and the <a href=\"https://laohu8.com/S/EBAY\">eBay</a> suite of mobile apps. So, you could buy, sell, and pay for items through various online and offline channels. eBay stock has been <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the better-performing stocks within the e-commerce space this year. It has climbed by over 35% year-to-date.</p><p><blockquote>接下来，我们有<a href=\"https://laohu8.com/S/AONE\">一</a>电子商务的行业领导者，<a href=\"https://laohu8.com/S/EBAYL\">eBay</a>本质上，该公司运营连接全球买家和卖家的市场平台。这包括其在ebay.com的在线市场和<a href=\"https://laohu8.com/S/EBAY\">eBay</a>移动应用套件。因此，你可以通过各种线上和线下渠道购买、销售和支付物品。eBay股票已<a href=\"https://laohu8.com/S/AONE.U\">一</a>今年电子商务领域表现较好的股票之一。今年迄今已攀升超过35%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/3225891cc70ad7e916ca99aa07101ba2\" tg-width=\"250\" tg-height=\"209\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <a href=\"https://laohu8.com/S/JE\">Just</a> last week, the company announced the completion of the transfer of its Classifieds business to Adevinta in exchange for $2.5 billion cash and a 44% equity stake in Adevinta. This combination will hopefully create a leading global online classifieds business. In the long run, both companies will be primed to benefit from its combined portfolio that may offer additional value for its customers and shareholders.</p><p><blockquote><a href=\"https://laohu8.com/S/JE\">刚刚</a>上周，该公司宣布完成将其分类广告业务转让给Adevinta，以换取25亿美元现金和Adevinta 44%的股权。这一合并将有望创造一个领先的全球在线分类广告业务。从长远来看，两家公司都将从其合并后的投资组合中受益，这可能会为其客户和股东提供额外的价值。</blockquote></p><p> eBay also had an impressive first quarter to start the year with the highest revenue growth since 2005. Its revenue was $3.0 billion, up 42% on an as-reported basis. There was also increased activity on its platform. Annual active buyers grew by 7%, now at a total of 187 million. Meanwhile, its annual active sellers grew by 8%, for a total of 20 million. We can see that the company is firing on all cylinders as we recover from the global pandemic. With that in mind, would you add EBAY stock to your watchlist?</p><p><blockquote>eBay今年第一季度的收入增长也令人印象深刻，创下了2005年以来的最高水平。其收入为30亿美元，较报告增长42%。其平台上的活动也有所增加。年度活跃买家增长了7%，目前总数为1.87亿。与此同时，其年度活跃卖家增长了8%，总数达到2000万。我们可以看到，随着我们从全球大流行中恢复过来，该公司正在全力以赴。考虑到这一点，您会将EBAY股票添加到您的观察列表中吗？</blockquote></p><p></p><p> <a href=\"https://laohu8.com/S/09988\">Alibaba</a> Group Holding Ltd</p><p><blockquote><a href=\"https://laohu8.com/S/09988\">阿里巴巴-SW</a>集团控股有限公司</blockquote></p><p> Coming up next, we have <a href=\"https://laohu8.com/S/AONE\">one</a> of the largest e-commerce companies in the world, <a href=\"https://laohu8.com/S/BABA\">Alibaba</a>. The company’s technology infrastructure and marketing reach help merchants and brands to leverage the power of technology to engage its users, and customers to operate. As of today, its three main sites, Taobao, Tmall, and <a href=\"https://laohu8.com/S/09988\">Alibaba</a>.com boast hundreds of millions of users and host millions of merchants and businesses.</p><p><blockquote>接下来，我们有<a href=\"https://laohu8.com/S/AONE\">一</a>在全球最大的电子商务公司中，<a href=\"https://laohu8.com/S/BABA\">阿里巴巴-SW</a>该公司的技术基础设施和营销覆盖范围帮助商家和品牌利用技术的力量来吸引用户和客户进行运营。截至今日，旗下淘宝、天猫、<a href=\"https://laohu8.com/S/09988\">阿里巴巴-SW</a>.com拥有数亿用户，拥有数百万商家和企业。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/fd0bf902b6908baca1ebc71478c54967\" tg-width=\"250\" tg-height=\"209\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Fundamentally, the company is as strong as ever. For its fourth-quarter fiscal 2021 earnings report, its revenue climbed to $28.6 billion, representing a 64% increase. Alibaba also reported 811 million annual active consumers in <a href=\"https://laohu8.com/S/CAAS\">China</a> which represents an 11% growth year-over-year. This is important because retaining and attracting active consumers would support the company’s business model.</p><p><blockquote>从根本上说，该公司一如既往地强大。在2021财年第四季度收益报告中，其收入攀升至286亿美元，增长64%。阿里巴巴-SW还报告称，年活跃消费者为8.11亿<a href=\"https://laohu8.com/S/CAAS\">中国</a>同比增长11%。这一点很重要，因为留住和吸引活跃的消费者将支持公司的商业模式。</blockquote></p><p> That said, it has not been a fantastic year for Alibaba this year. The company’s struggle this year was affected by the Chinese government. Alibaba was hit with a record fine of $2.75 billion earlier in April. However, the worst could be over for the company as the Chinese government is slowly shifting its focus to the company’s competitors. So, if you have missed the boat on BABA stock prior to this, could this be the classic buy-on-dip opportunity?</p><p><blockquote>也就是说，今年对阿里巴巴-SW来说并不是美妙的一年。该公司今年的困境受到了中国政府的影响。4月初，阿里巴巴-SW被处以创纪录的27.5亿美元罚款。然而，随着中国政府慢慢将重点转向该公司的竞争对手，该公司最糟糕的时期可能已经过去。那么，如果您在此之前错过了阿里巴巴股票的机会，那么这可能是经典的逢低买入机会吗？</blockquote></p><p> Chewy Inc</p><p><blockquote>耐嚼公司</blockquote></p><p> Last on this list, we have an e-commerce company that specializes in pet products, Chewy. In essence, it provides pet food and treats, pet supplies and pet medications, and other pet-health products, as well as pet services. Pet lovers out there could access all these products through its chewy.com retail website, and its mobile applications. The company stock may have been trading sideways since the start of the year. But, it has still climbed by over 70% over the past year.</p><p><blockquote>最后，我们有一家专门从事宠物产品的电子商务公司Chewy。本质上，它提供宠物食品和零食、宠物用品和宠物药物、其他宠物健康产品以及宠物服务。宠物爱好者可以通过其chewy.com零售网站及其移动应用程序访问所有这些产品。自今年年初以来，该公司股票可能一直在横盘整理。但是，在过去的一年里，它仍然攀升了70%以上。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/15d6c920416f733d0edf62d1148a8061\" tg-width=\"250\" tg-height=\"209\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> In June, the company posted its first-quarter financial report that beat analysts’ expectations. Its net sales were $2.14 billion, growing 31.7% year-over-year. Meanwhile, its adjusted EBITDA came in at $77.4 million and its net income was $38.7 million. More importantly, Chewy added 600,000 active customers during the quarter which brings the number of active customers to 19.2 million. All in all, the company is growing in the right direction.</p><p><blockquote>6月，该公司发布了超出分析师预期的第一季度财务报告。其净销售额为21.4亿美元，同比增长31.7%。与此同时，其调整后EBITDA为7740万美元，净利润为3870万美元。更重要的是，Chewy在本季度增加了60万活跃客户，使活跃客户数量达到1920万。总而言之，公司正在朝着正确的方向发展。</blockquote></p><p> Furthermore, Chewy also continues to innovate on their popular telehealth service, Connect with a Vet. May’s expansion includes the highly anticipated video consultation feature which allows pre-scheduling virtual vet consultation and extended hours of operation including weekends. With this, customers gain more accessibility to the company’s services and a better experience overall. With that in mind, would CHWY stock make your watchlist?</p><p><blockquote>此外，Chewy还继续创新他们广受欢迎的远程医疗服务“与兽医联系”。May的扩展包括备受期待的视频咨询功能，该功能允许预先安排虚拟兽医咨询和延长营业时间，包括周末。通过这种方式，客户可以更容易地获得公司的服务，并获得更好的整体体验。考虑到这一点，CHWY股票会列入您的观察名单吗？</blockquote></p><p></p>","source":"lsy1603171495471","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Best E-Commerce Stocks To Buy In July 2021? 4 Names In Focus<blockquote>2021年7月最值得购买的电子商务股票？4个名字成为焦点</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\">\nBest E-Commerce Stocks To Buy In July 2021? 4 Names In Focus<blockquote>2021年7月最值得购买的电子商务股票？4个名字成为焦点</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Nasdaq</strong><span class=\"h-time small\">2021-07-05 10:35</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Could These Be The Top E-Commerce Stocks To Watch Right Now?</p><p><blockquote>这些可能是目前最值得关注的电子商务股票吗？</blockquote></p><p> E-commerce stocks had a historic year in thestock marketlast year. Well, it shouldn’t come as a surprise since many countries around the world were sent into lockdown. At that point, most shopping activities were conducted online. So, even those who were skeptical of online shopping initially must have been exposed to e-commerce platforms. This is of course due to the advancement of technology as well. Some company’s platforms such as Pinterest Inc (NYSE: PINS) even have augmented reality features that would allow you to have a rough idea of what you’re getting.</p><p><blockquote>去年，电子商务股票在股市上度过了历史性的一年。嗯，这并不奇怪，因为世界上许多国家都被封锁了。那时，大多数购物活动都是在网上进行的。所以，即使是那些最初对网上购物持怀疑态度的人，也一定接触过电子商务平台。这当然也是由于技术的进步。Pinterest公司（纽约证券交易所股票代码：PINS）等一些公司的平台甚至具有增强现实功能，可以让您大致了解您将获得的内容。</blockquote></p><p> The shift to online shopping has resulted in many emerging e-commerce companies. For example, we have Jumia Technologies (NYSE: JMIA) that aims to be the top online marketplace in the whole of Africa. Perhaps, this should not be overlooked as e-commerce is still a growing sector in Africa. Moreover, JMIA stock has already soared by more than 400% just within the past year. Now, if you are optimistic about the future of e-commerce, here’s a list of fourtop e-commerce stocks to watchin thestock market today.</p><p><blockquote>向网上购物的转变催生了许多新兴的电子商务公司。例如，我们有Jumia Technologies（纽约证券交易所代码：JMIA），其目标是成为整个非洲的顶级在线市场。也许，这不应该被忽视，因为电子商务在非洲仍然是一个不断增长的部门。此外，JMIA股价仅在过去一年内就飙升了400%以上。现在，如果您对电子商务的未来持乐观态度，这里列出了当今股市值得关注的四大电子商务股票。</blockquote></p><p> Best E-Commerce Stocks To Watch</p><p><blockquote>最值得关注的电子商务股票</blockquote></p><p> <ul>  <li><b><a href=\"https://laohu8.com/S/ETSY\">Etsy</a> Inc</b>(NASDAQ: ETSY)</li>  <li><b><a href=\"https://laohu8.com/S/EBAYL\">eBay</a> Inc</b>(NASDAQ: EBAY)</li>  <li><b><a href=\"https://laohu8.com/S/BABA\">Alibaba</a> Group Holding Ltd</b>(NYSE: BABA)</li>  <li><b>Chewy Inc</b>(NYSE: CHWY)</li> </ul> <a href=\"https://laohu8.com/S/ETSY\">Etsy</a> Inc</p><p><blockquote><ul><li><b><a href=\"https://laohu8.com/S/ETSY\">Etsy</a>Inc</b>（纳斯达克：ETSY）</li><li><b><a href=\"https://laohu8.com/S/EBAYL\">eBay</a>Inc</b>（纳斯达克：EBAY）</li><li><b><a href=\"https://laohu8.com/S/BABA\">阿里巴巴-SW</a>集团控股有限公司</b>（纽约证券交易所代码：BABA）</li><li><b>耐嚼公司</b>（纽约证券交易所代码：CHWY）</li></ul><a href=\"https://laohu8.com/S/ETSY\">Etsy</a>Inc</blockquote></p><p> Let us start the list with Etsy. The company operates a marketplace where people globally connect, both online and offline to sell and buy goods. It also offers a range of seller services and tools that help entrepreneurs manage their businesses. As of now, the company’s seller services include Direct Checkout, Promoted Listings, Shipping Labels, and <a href=\"https://laohu8.com/S/PEGI\">Pattern</a> by Etsy. ETSY stock has risen by over 80% over the past year.</p><p><blockquote>让我们从Etsy开始。该公司运营着一个市场，人们可以在线上和线下进行全球联系，买卖商品。它还提供一系列卖家服务和工具，帮助企业家管理他们的业务。截至目前，该公司的卖家服务包括直接结账、促销列表、运输标签和<a href=\"https://laohu8.com/S/PEGI\">模式</a>作者Etsy。ETSY股价在过去一年上涨了80%以上。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/4998810533317bc7562c92dbf9801556\" tg-width=\"250\" tg-height=\"209\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> On Monday, Etsy signed a definitive agreement to acquire Elo7, a privately held marketplace for unique, handmade items, ranked as a top 10 e-commerce site in Brazil. The Elo7 marketplace connects approximately 1.9 million active buyers with approximately 56,000 active sellers and currently has approximately 8 million items for sale. Hence, this deal would establish Etsy’s presence in Latin America, an underpenetrated e-commerce region.</p><p><blockquote>周一，Etsy签署了一项最终协议，收购Elo7，这是一个私人拥有的独特手工商品市场，在巴西排名前十的电子商务网站。Elo7市场连接了大约190万活跃买家和大约56,000名活跃卖家，目前有大约800万件商品待售。因此，这笔交易将确立Etsy在拉丁美洲这个电子商务渗透率较低的地区的地位。</blockquote></p><p> Etsy is not resting on its laurels. It also signed a definitive agreement to acquire Depop, a purpose-driven marketplace for unique fashion for $1.625 billion earlier in June. Depop is a community-powered marketplace to buy and sell unique fashion, with a mission to build the world’s most diverse and progressive home of fashion. It appears that 90% of Depop’s active users are under the age of 26. So, this could serve as a resale home for Gen Z consumers to the Etsy family. Given all these exciting developments, would you consider investing in ETSY stock?</p><p><blockquote>Etsy并没有固步自封。6月初，该公司还签署了一项最终协议，以16.25亿美元收购Depop，这是一个以目的为导向的独特时尚市场。Depop是一个社区驱动的市场，买卖独特的时尚，其使命是建立世界上最多样化和最进步的时尚之家。Depop 90%的活跃用户年龄在26岁以下。因此，这可以作为Z世代消费者向Etsy家族的转售房屋。鉴于所有这些令人兴奋的发展，您会考虑投资ETSY股票吗？</blockquote></p><p> <a href=\"https://laohu8.com/S/EBAY\">eBay</a> Inc</p><p><blockquote><a href=\"https://laohu8.com/S/EBAY\">eBay</a>Inc</blockquote></p><p> Next, we have <a href=\"https://laohu8.com/S/AONE\">one</a> of the industry leaders of e-commerce, <a href=\"https://laohu8.com/S/EBAYL\">eBay</a>. Essentially, the company operates marketplace platforms that connect buyers and sellers globally. This includes its online marketplace at ebay.com and the <a href=\"https://laohu8.com/S/EBAY\">eBay</a> suite of mobile apps. So, you could buy, sell, and pay for items through various online and offline channels. eBay stock has been <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the better-performing stocks within the e-commerce space this year. It has climbed by over 35% year-to-date.</p><p><blockquote>接下来，我们有<a href=\"https://laohu8.com/S/AONE\">一</a>电子商务的行业领导者，<a href=\"https://laohu8.com/S/EBAYL\">eBay</a>本质上，该公司运营连接全球买家和卖家的市场平台。这包括其在ebay.com的在线市场和<a href=\"https://laohu8.com/S/EBAY\">eBay</a>移动应用套件。因此，你可以通过各种线上和线下渠道购买、销售和支付物品。eBay股票已<a href=\"https://laohu8.com/S/AONE.U\">一</a>今年电子商务领域表现较好的股票之一。今年迄今已攀升超过35%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/3225891cc70ad7e916ca99aa07101ba2\" tg-width=\"250\" tg-height=\"209\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <a href=\"https://laohu8.com/S/JE\">Just</a> last week, the company announced the completion of the transfer of its Classifieds business to Adevinta in exchange for $2.5 billion cash and a 44% equity stake in Adevinta. This combination will hopefully create a leading global online classifieds business. In the long run, both companies will be primed to benefit from its combined portfolio that may offer additional value for its customers and shareholders.</p><p><blockquote><a href=\"https://laohu8.com/S/JE\">刚刚</a>上周，该公司宣布完成将其分类广告业务转让给Adevinta，以换取25亿美元现金和Adevinta 44%的股权。这一合并将有望创造一个领先的全球在线分类广告业务。从长远来看，两家公司都将从其合并后的投资组合中受益，这可能会为其客户和股东提供额外的价值。</blockquote></p><p> eBay also had an impressive first quarter to start the year with the highest revenue growth since 2005. Its revenue was $3.0 billion, up 42% on an as-reported basis. There was also increased activity on its platform. Annual active buyers grew by 7%, now at a total of 187 million. Meanwhile, its annual active sellers grew by 8%, for a total of 20 million. We can see that the company is firing on all cylinders as we recover from the global pandemic. With that in mind, would you add EBAY stock to your watchlist?</p><p><blockquote>eBay今年第一季度的收入增长也令人印象深刻，创下了2005年以来的最高水平。其收入为30亿美元，较报告增长42%。其平台上的活动也有所增加。年度活跃买家增长了7%，目前总数为1.87亿。与此同时，其年度活跃卖家增长了8%，总数达到2000万。我们可以看到，随着我们从全球大流行中恢复过来，该公司正在全力以赴。考虑到这一点，您会将EBAY股票添加到您的观察列表中吗？</blockquote></p><p></p><p> <a href=\"https://laohu8.com/S/09988\">Alibaba</a> Group Holding Ltd</p><p><blockquote><a href=\"https://laohu8.com/S/09988\">阿里巴巴-SW</a>集团控股有限公司</blockquote></p><p> Coming up next, we have <a href=\"https://laohu8.com/S/AONE\">one</a> of the largest e-commerce companies in the world, <a href=\"https://laohu8.com/S/BABA\">Alibaba</a>. The company’s technology infrastructure and marketing reach help merchants and brands to leverage the power of technology to engage its users, and customers to operate. As of today, its three main sites, Taobao, Tmall, and <a href=\"https://laohu8.com/S/09988\">Alibaba</a>.com boast hundreds of millions of users and host millions of merchants and businesses.</p><p><blockquote>接下来，我们有<a href=\"https://laohu8.com/S/AONE\">一</a>在全球最大的电子商务公司中，<a href=\"https://laohu8.com/S/BABA\">阿里巴巴-SW</a>该公司的技术基础设施和营销覆盖范围帮助商家和品牌利用技术的力量来吸引用户和客户进行运营。截至今日，旗下淘宝、天猫、<a href=\"https://laohu8.com/S/09988\">阿里巴巴-SW</a>.com拥有数亿用户，拥有数百万商家和企业。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/fd0bf902b6908baca1ebc71478c54967\" tg-width=\"250\" tg-height=\"209\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Fundamentally, the company is as strong as ever. For its fourth-quarter fiscal 2021 earnings report, its revenue climbed to $28.6 billion, representing a 64% increase. Alibaba also reported 811 million annual active consumers in <a href=\"https://laohu8.com/S/CAAS\">China</a> which represents an 11% growth year-over-year. This is important because retaining and attracting active consumers would support the company’s business model.</p><p><blockquote>从根本上说，该公司一如既往地强大。在2021财年第四季度收益报告中，其收入攀升至286亿美元，增长64%。阿里巴巴-SW还报告称，年活跃消费者为8.11亿<a href=\"https://laohu8.com/S/CAAS\">中国</a>同比增长11%。这一点很重要，因为留住和吸引活跃的消费者将支持公司的商业模式。</blockquote></p><p> That said, it has not been a fantastic year for Alibaba this year. The company’s struggle this year was affected by the Chinese government. Alibaba was hit with a record fine of $2.75 billion earlier in April. However, the worst could be over for the company as the Chinese government is slowly shifting its focus to the company’s competitors. So, if you have missed the boat on BABA stock prior to this, could this be the classic buy-on-dip opportunity?</p><p><blockquote>也就是说，今年对阿里巴巴-SW来说并不是美妙的一年。该公司今年的困境受到了中国政府的影响。4月初，阿里巴巴-SW被处以创纪录的27.5亿美元罚款。然而，随着中国政府慢慢将重点转向该公司的竞争对手，该公司最糟糕的时期可能已经过去。那么，如果您在此之前错过了阿里巴巴股票的机会，那么这可能是经典的逢低买入机会吗？</blockquote></p><p> Chewy Inc</p><p><blockquote>耐嚼公司</blockquote></p><p> Last on this list, we have an e-commerce company that specializes in pet products, Chewy. In essence, it provides pet food and treats, pet supplies and pet medications, and other pet-health products, as well as pet services. Pet lovers out there could access all these products through its chewy.com retail website, and its mobile applications. The company stock may have been trading sideways since the start of the year. But, it has still climbed by over 70% over the past year.</p><p><blockquote>最后，我们有一家专门从事宠物产品的电子商务公司Chewy。本质上，它提供宠物食品和零食、宠物用品和宠物药物、其他宠物健康产品以及宠物服务。宠物爱好者可以通过其chewy.com零售网站及其移动应用程序访问所有这些产品。自今年年初以来，该公司股票可能一直在横盘整理。但是，在过去的一年里，它仍然攀升了70%以上。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/15d6c920416f733d0edf62d1148a8061\" tg-width=\"250\" tg-height=\"209\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> In June, the company posted its first-quarter financial report that beat analysts’ expectations. Its net sales were $2.14 billion, growing 31.7% year-over-year. Meanwhile, its adjusted EBITDA came in at $77.4 million and its net income was $38.7 million. More importantly, Chewy added 600,000 active customers during the quarter which brings the number of active customers to 19.2 million. All in all, the company is growing in the right direction.</p><p><blockquote>6月，该公司发布了超出分析师预期的第一季度财务报告。其净销售额为21.4亿美元，同比增长31.7%。与此同时，其调整后EBITDA为7740万美元，净利润为3870万美元。更重要的是，Chewy在本季度增加了60万活跃客户，使活跃客户数量达到1920万。总而言之，公司正在朝着正确的方向发展。</blockquote></p><p> Furthermore, Chewy also continues to innovate on their popular telehealth service, Connect with a Vet. May’s expansion includes the highly anticipated video consultation feature which allows pre-scheduling virtual vet consultation and extended hours of operation including weekends. With this, customers gain more accessibility to the company’s services and a better experience overall. With that in mind, would CHWY stock make your watchlist?</p><p><blockquote>此外，Chewy还继续创新他们广受欢迎的远程医疗服务“与兽医联系”。May的扩展包括备受期待的视频咨询功能，该功能允许预先安排虚拟兽医咨询和延长营业时间，包括周末。通过这种方式，客户可以更容易地获得公司的服务，并获得更好的整体体验。考虑到这一点，CHWY股票会列入您的观察名单吗？</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.nasdaq.com/articles/best-e-commerce-stocks-to-buy-in-july-2021-4-names-in-focus-2021-07-02\">Nasdaq</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ETSY":"Etsy, Inc.","CHWY":"Chewy, Inc.","EBAY":"eBay","BABA":"阿里巴巴"},"source_url":"https://www.nasdaq.com/articles/best-e-commerce-stocks-to-buy-in-july-2021-4-names-in-focus-2021-07-02","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1170100655","content_text":"Could These Be The Top E-Commerce Stocks To Watch Right Now?\nE-commerce stocks had a historic year in thestock marketlast year. Well, it shouldn’t come as a surprise since many countries around the world were sent into lockdown. At that point, most shopping activities were conducted online. So, even those who were skeptical of online shopping initially must have been exposed to e-commerce platforms. This is of course due to the advancement of technology as well. Some company’s platforms such as Pinterest Inc (NYSE: PINS) even have augmented reality features that would allow you to have a rough idea of what you’re getting.\nThe shift to online shopping has resulted in many emerging e-commerce companies. For example, we have Jumia Technologies (NYSE: JMIA) that aims to be the top online marketplace in the whole of Africa. Perhaps, this should not be overlooked as e-commerce is still a growing sector in Africa. Moreover, JMIA stock has already soared by more than 400% just within the past year. Now, if you are optimistic about the future of e-commerce, here’s a list of fourtop e-commerce stocks to watchin thestock market today.\nBest E-Commerce Stocks To Watch\n\nEtsy Inc(NASDAQ: ETSY)\neBay Inc(NASDAQ: EBAY)\nAlibaba Group Holding Ltd(NYSE: BABA)\nChewy Inc(NYSE: CHWY)\n\nEtsy Inc\nLet us start the list with Etsy. The company operates a marketplace where people globally connect, both online and offline to sell and buy goods. It also offers a range of seller services and tools that help entrepreneurs manage their businesses. As of now, the company’s seller services include Direct Checkout, Promoted Listings, Shipping Labels, and Pattern by Etsy. ETSY stock has risen by over 80% over the past year.\n\nOn Monday, Etsy signed a definitive agreement to acquire Elo7, a privately held marketplace for unique, handmade items, ranked as a top 10 e-commerce site in Brazil. The Elo7 marketplace connects approximately 1.9 million active buyers with approximately 56,000 active sellers and currently has approximately 8 million items for sale. Hence, this deal would establish Etsy’s presence in Latin America, an underpenetrated e-commerce region.\nEtsy is not resting on its laurels. It also signed a definitive agreement to acquire Depop, a purpose-driven marketplace for unique fashion for $1.625 billion earlier in June. Depop is a community-powered marketplace to buy and sell unique fashion, with a mission to build the world’s most diverse and progressive home of fashion. It appears that 90% of Depop’s active users are under the age of 26. So, this could serve as a resale home for Gen Z consumers to the Etsy family. Given all these exciting developments, would you consider investing in ETSY stock?\neBay Inc\nNext, we have one of the industry leaders of e-commerce, eBay. Essentially, the company operates marketplace platforms that connect buyers and sellers globally. This includes its online marketplace at ebay.com and the eBay suite of mobile apps. So, you could buy, sell, and pay for items through various online and offline channels. eBay stock has been one of the better-performing stocks within the e-commerce space this year. It has climbed by over 35% year-to-date.\n\nJust last week, the company announced the completion of the transfer of its Classifieds business to Adevinta in exchange for $2.5 billion cash and a 44% equity stake in Adevinta. This combination will hopefully create a leading global online classifieds business. In the long run, both companies will be primed to benefit from its combined portfolio that may offer additional value for its customers and shareholders.\neBay also had an impressive first quarter to start the year with the highest revenue growth since 2005. Its revenue was $3.0 billion, up 42% on an as-reported basis. There was also increased activity on its platform. Annual active buyers grew by 7%, now at a total of 187 million. Meanwhile, its annual active sellers grew by 8%, for a total of 20 million. We can see that the company is firing on all cylinders as we recover from the global pandemic. With that in mind, would you add EBAY stock to your watchlist?\nAlibaba Group Holding Ltd\nComing up next, we have one of the largest e-commerce companies in the world, Alibaba. The company’s technology infrastructure and marketing reach help merchants and brands to leverage the power of technology to engage its users, and customers to operate. As of today, its three main sites, Taobao, Tmall, and Alibaba.com boast hundreds of millions of users and host millions of merchants and businesses.\n\nFundamentally, the company is as strong as ever. For its fourth-quarter fiscal 2021 earnings report, its revenue climbed to $28.6 billion, representing a 64% increase. Alibaba also reported 811 million annual active consumers in China which represents an 11% growth year-over-year. This is important because retaining and attracting active consumers would support the company’s business model.\nThat said, it has not been a fantastic year for Alibaba this year. The company’s struggle this year was affected by the Chinese government. Alibaba was hit with a record fine of $2.75 billion earlier in April. However, the worst could be over for the company as the Chinese government is slowly shifting its focus to the company’s competitors. So, if you have missed the boat on BABA stock prior to this, could this be the classic buy-on-dip opportunity?\nChewy Inc\nLast on this list, we have an e-commerce company that specializes in pet products, Chewy. In essence, it provides pet food and treats, pet supplies and pet medications, and other pet-health products, as well as pet services. Pet lovers out there could access all these products through its chewy.com retail website, and its mobile applications. The company stock may have been trading sideways since the start of the year. But, it has still climbed by over 70% over the past year.\n\nIn June, the company posted its first-quarter financial report that beat analysts’ expectations. Its net sales were $2.14 billion, growing 31.7% year-over-year. Meanwhile, its adjusted EBITDA came in at $77.4 million and its net income was $38.7 million. More importantly, Chewy added 600,000 active customers during the quarter which brings the number of active customers to 19.2 million. All in all, the company is growing in the right direction.\nFurthermore, Chewy also continues to innovate on their popular telehealth service, Connect with a Vet. May’s expansion includes the highly anticipated video consultation feature which allows pre-scheduling virtual vet consultation and extended hours of operation including weekends. With this, customers gain more accessibility to the company’s services and a better experience overall. With that in mind, would CHWY stock make your watchlist?","news_type":1,"symbols_score_info":{"BOTB.UK":0.9,"BABA":0.9,"CHWY":0.9,"ETSY":0.9,"EBAY":0.9}},"isVote":1,"tweetType":1,"viewCount":306,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":155024956,"gmtCreate":1625364857875,"gmtModify":1633941258367,"author":{"id":"3574891778837790","authorId":"3574891778837790","name":"DerekC","avatar":"https://static.tigerbbs.com/02824f1a06daf256b2ea13cc9eba6e85","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574891778837790","authorIdStr":"3574891778837790"},"themes":[],"htmlText":"Hmmm","listText":"Hmmm","text":"Hmmm","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/155024956","repostId":"1189605893","repostType":4,"isVote":1,"tweetType":1,"viewCount":448,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":155025377,"gmtCreate":1625364824299,"gmtModify":1633941259440,"author":{"id":"3574891778837790","authorId":"3574891778837790","name":"DerekC","avatar":"https://static.tigerbbs.com/02824f1a06daf256b2ea13cc9eba6e85","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574891778837790","authorIdStr":"3574891778837790"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/155025377","repostId":"1192425829","repostType":4,"repost":{"id":"1192425829","kind":"news","pubTimestamp":1625362308,"share":"https://www.laohu8.com/m/news/1192425829?lang=zh_CN&edition=full","pubTime":"2021-07-04 09:31","market":"us","language":"en","title":"Second-Half 2021: Market Forecasts, Thoughts and Observations<blockquote>2021年下半年：市场预测、思考与观察</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1192425829","media":"The Street","summary":"The stock market has given us some incredible returns in the past year or two but there are some war","content":"<p>  The stock market has given us some incredible returns in the past year or two but there are some warning signs developing -- and one key date to keep an eye on.  The stock market, commodity markets and fixed-income markets have been on some wild rides the past 18 months. We penned 2021 forecast pieces back in January (read<b>here</b>and<b>here</b>), but a fresh look at things for the balance of the year seems like a good idea with commodity plays on the rise, oil prices coming on strong while other areas of the market are cooling.</p><p><blockquote>在过去的一两年里，股市给我们带来了一些令人难以置信的回报，但也出现了一些警告信号，还有一个需要关注的关键日期。过去18个月里，股市、大宗商品市场和固定收益市场都经历了一些疯狂的行情。我们早在1月份就撰写了2021年预测文章（阅读<b>在这里</b>和<b>在这里</b>），但随着大宗商品市场的上涨，油价走强，而市场其他领域正在降温，重新审视今年剩余时间的情况似乎是个好主意。</blockquote></p><p> Let's start our analysis with some monthly candlestick charts.</p><p><blockquote>让我们从一些月度烛台图开始我们的分析。</blockquote></p><p> <b>Candlestick AnalysisDow Jones Industrials</b></p><p><blockquote><b>烛台分析道琼斯工业指数</b></blockquote></p><p> In this monthly Japanese candlestick chart of the Dow Jones Industrial Average (DJIA), below, we can see that prices have made a huge rise over the past decade and a very sharp advance since March of 2020. Taking a little liberty in our methodology we can see an 8 to 10 record high advance since the 2020 pandemic low. Notice the slowing pace of the 12-month price momentum study in the lower panel.</p><p><blockquote>在下面道琼斯工业平均指数（道琼斯）的月度日本烛台图中，我们可以看到价格在过去十年中大幅上涨，自2020年3月以来涨幅非常大。在我们的方法上稍微自由一点，我们可以看到自2020年疫情低点以来，有8到10个历史新高的进展。请注意下图中12个月价格动量研究的步伐放缓。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/8c0c65a961cdf2a9b6bdba9757ca8c5d\" tg-width=\"720\" tg-height=\"510\" referrerpolicy=\"no-referrer\"><b>S&amp;P 500</b></p><p><blockquote><b>标普500</b></blockquote></p><p> In this monthly Japanese candlestick chart of the S&amp;P 500 Index (SPX) below, we can see another big advance over the past 10 years. The index made a sideways consolidation pattern in 2015-2016 around 2,000 to 2,200 and we have for most part doubled from there. I would not be surprised to see some significant profit-taking as the SPX approached 4,400. Momentum has been slowing here too.</p><p><blockquote>在下面的标普500指数（SPX）月度日本烛台图中，我们可以看到过去10年的另一次大幅上涨。该指数在2015-2016年在2,000点至2,200点附近形成了横向盘整模式，我们在很大程度上从那里翻了一番。当SPX接近4,400点时，看到一些重大获利了结，我不会感到惊讶。这里的势头也在放缓。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/72a594dc06dc6364a1f4432334018a95\" tg-width=\"720\" tg-height=\"510\" referrerpolicy=\"no-referrer\"><b>Nasdaq</b></p><p><blockquote><b>纳斯达克</b></blockquote></p><p> In this monthly Japanese candlestick chart of the Nasdaq, below, we can see that prices have doubled from their consolidation pattern in 2018 and 2019 in the 7,000 area. Prices have nearly tripled from their consolidation around 5,000 in 2015-2016. Yes, the momentum study is slowing.</p><p><blockquote>在下面的纳斯达克月度日本烛台图中，我们可以看到价格比2018年和2019年在7,000点区域的盘整模式翻了一番。价格较2015-2016年5,000点左右的盘整上涨了近两倍。是的，动量研究正在放缓。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/a32c8a3b8cbd6d84dc3c316188d0714c\" tg-width=\"720\" tg-height=\"510\" referrerpolicy=\"no-referrer\"><b>Russell 2000</b></p><p><blockquote><b>罗素2000</b></blockquote></p><p> In this monthly candlestick chart of the Russell 2000 index (RUT) we can see that prices have more than doubled from their March 2020 low. This could take your breath away. With the string of white candles and weakening momentum we want to be more cautious as we move forward in the third quarter.</p><p><blockquote>在这张罗素2000指数(RUT)的月度烛台图中，我们可以看到价格较2020年3月的低点上涨了一倍多。这会让你大吃一惊。随着一串白色蜡烛和势头减弱，我们希望在第三季度前进时更加谨慎。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/00e2eb68915aa7fe3a35df2b5cca4c7c\" tg-width=\"720\" tg-height=\"510\" referrerpolicy=\"no-referrer\">All these charts (above) show the 8 to 10 record high pattern so we should be on our guard for a top reversal pattern.</p><p><blockquote>所有这些图表（上图）都显示了8到10个创纪录的高点模式，因此我们应该警惕顶部反转模式。</blockquote></p><p> <b>Advance-Decline Analysis</b></p><p><blockquote><b>进退分析</b></blockquote></p><p> Now, let's turn our attention to the Advance-Decline line.</p><p><blockquote>现在，让我们把注意力转向涨跌线。</blockquote></p><p> <b>Dow Jones Industrials</b></p><p><blockquote><b>道琼斯工业指数</b></blockquote></p><p> In this daily candlestick chart of the DJIA, below, we show the Advance-Decline line which has been moving sideways since early May. This difference between the price action is a bearish divergence but the DJIA is a narrow average with only 30 stocks.</p><p><blockquote>在下面的道琼斯日线烛台图中，我们显示了自五月初以来一直横向移动的上涨-下跌线。价格走势之间的差异是看跌背离，但道琼斯是一个狭窄的平均值，只有30只股票。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/5af49f53b61d7234c47302a43ef8fc54\" tg-width=\"1000\" tg-height=\"622\" referrerpolicy=\"no-referrer\"><b>S&amp;P 500</b></p><p><blockquote><b>标普500</b></blockquote></p><p> In this chart of the S&amp;P 500 and its Advance-Decline line, below, we can see that prices and the Advance-Decline line are pointed up so a bearish divergence has not started.</p><p><blockquote>在下面这张标普500及其上涨-下跌线的图表中，我们可以看到价格和上涨-下跌线向上，因此看跌背离尚未开始。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/6f76b13060f5ac582155923264b7fb2f\" tg-width=\"1000\" tg-height=\"622\" referrerpolicy=\"no-referrer\"><b>Nasdaq</b></p><p><blockquote><b>纳斯达克</b></blockquote></p><p> In this chart of the Nasdaq, below, we can see a significant bearish divergence. The Nasdaq has been making new highs but the Advance-Decline line has been moving sideways to lower from February.</p><p><blockquote>在下面的纳斯达克图表中，我们可以看到显着的看跌背离。纳斯达克一直在创出新高，但涨跌幅线自二月份以来一直横向走低。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/c202ca833085d8ae21f804e01da1d20e\" tg-width=\"1000\" tg-height=\"622\" referrerpolicy=\"no-referrer\"><b>Nasdaq 100</b></p><p><blockquote><b>纳斯达克100</b></blockquote></p><p> In this chart of Nasdaq 100 and its Advance-Decline line, below, we see prices and the indicator going up together. No bearish divergence here.<img src=\"https://static.tigerbbs.com/02f49df814666506de6bd3a8f8cff358\" tg-width=\"1000\" tg-height=\"622\" referrerpolicy=\"no-referrer\"><b>Sectors</b></p><p><blockquote>在下面这张纳斯达克100指数及其涨跌幅线的图表中，我们看到价格和指标一起上涨。这里没有看跌背离。<b>部门</b></blockquote></p><p> The marketplace can be broken down into 11 sectors but I want to cover just part of the list today.<b>Energy</b>In this weekly candlestick chart of the (XLE) , the S&amp;P Energy sector ETF, below, we can see that prices have doubled from their pandemic low. Trading volume has been very heavy and the weekly On-Balance-Volume has been stalled the past four months. The 12-week price momentum study has been weakening for a bearish divergence.</p><p><blockquote>市场可以分为11个部分，但我今天只想介绍其中的一部分。<b>能源</b>在下面的标准普尔能源行业ETF(XLE)的周线烛台图中，我们可以看到价格较大流行低点翻了一番。过去四个月，交易量非常大，每周余额交易量停滞不前。12周价格动量研究因看跌背离而减弱。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/c6c7c0cb796bbdd57de9aba933c615ce\" tg-width=\"720\" tg-height=\"820\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p><p> Two energy names that could rally further in the third quarter are EOG Resources (EOG) and ConocoPhillips (COP) . Here are the charts.</p><p><blockquote>第三季度可能进一步上涨的两家能源公司是EOG Resources(EOG)和康菲石油公司(COP)。这是图表。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/7d2fc7721f85cac4b418a821156c714f\" tg-width=\"720\" tg-height=\"820\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/874820e1c1c54a567c399f5129e88676\" tg-width=\"720\" tg-height=\"820\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/fc072387bc975d38d92af5b6b3de16ac\" tg-width=\"720\" tg-height=\"820\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/8d2822d20c835ce4f4860d5eb45212cb\" tg-width=\"720\" tg-height=\"820\" referrerpolicy=\"no-referrer\"><b>Financials</b></p><p><blockquote><b>财务</b></blockquote></p><p> In this daily bar chart of the (XLF) ,&nbsp; the Financial sector ETF, below, we can see that prices have begun a topping phase. Prices have broken below the cresting 50-day moving average line. The On-Balance-Volume line has weakened from early June and the Moving Average Convergence Divergence (MACD) oscillator has fallen below the zero line for an outright sell signal.</p><p><blockquote>在下面金融板块ETF(XLF)的日线条形图中，我们可以看到价格已经开始见顶阶段。价格已跌破50日移动平均线。自6月初以来，平衡成交量线已走弱，移动平均线收敛背离(MACD)振荡器已跌破零线，发出直接卖出信号。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/bddfbb55fad602b4a29ff4ef1ba47e0f\" tg-width=\"720\" tg-height=\"820\" referrerpolicy=\"no-referrer\"><b>Technology</b></p><p><blockquote><b>技术</b></blockquote></p><p> In this weekly Japanese candlestick chart of the (XLK) , the Technology sector ETF, below, we can see that prices have more than doubled from their pandemic low. The trading volume has diminished since March 2020 and the weekly On-Balance-Volume line has been stuck in a sideways trend for the past 12 months. The 12-week price momentum study in the bottom panel shows lower highs being made the past year. This is a significant bearish divergence.</p><p><blockquote>在下面的科技行业ETF(XLK)的每周日本烛台图中，我们可以看到价格较大流行低点上涨了一倍多。自2020年3月以来，交易量一直在减少，每周平衡交易量线在过去12个月中一直处于横盘趋势。底部面板中的12周价格动量研究显示，过去一年的高点较低。这是一个显着的看跌背离。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/c9d9a652c4c72b421556bfbd90dd8d44\" tg-width=\"720\" tg-height=\"820\" referrerpolicy=\"no-referrer\"><b>Industrials</b></p><p><blockquote><b>工业</b></blockquote></p><p> In this daily bar chart of the (XLI) &nbsp;, the Industrial sector ETF, below, we can see a weakening picture. Prices have slipped below the cresting 50-day moving average line. The On-Balance-Volume line has weakened the past two months and the MACD oscillator is below the zero line in sell territory.</p><p><blockquote>在下面工业板块ETF(XLI)的日线条形图中，我们可以看到疲软的情况。价格已跌破50日移动平均线。在过去的两个月里，平衡成交量线已经走弱，MACD振荡指标低于卖出区域的零线。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/47838029e80d6b87a83abb9f1352bdaf\" tg-width=\"720\" tg-height=\"820\" referrerpolicy=\"no-referrer\"><b>Bonds</b></p><p><blockquote><b>债券</b></blockquote></p><p> In this daily Point and Figure chart of the (TLT) , the iShares 20+ year Treasury Bond ETF, below, we can see a potential upside price target in the $165 area.</p><p><blockquote>在下面的iShares 20+年期国债ETF(TLT)的每日点数图中，我们可以看到165美元区域的潜在上行目标价。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/587f7bae63415985c849540d27b7ffaa\" tg-width=\"1000\" tg-height=\"992\" referrerpolicy=\"no-referrer\"><b>U.S. Dollar</b></p><p><blockquote><b>美元</b></blockquote></p><p> In this daily Japanese candlestick chart of the U.S. Dollar Index (DXY) we can see that prices have stopped short of a test of its late March/early April highs. DXY could make a slow drift downward to retest its May lows.</p><p><blockquote>在美元指数（DXY）的每日日本烛台图中，我们可以看到价格已经停止测试3月底/4月初的高点。DXY可能会缓慢向下漂移，重新测试5月份的低点。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/c086d11fb1d31f2710dc3752d158a2e7\" tg-width=\"720\" tg-height=\"510\" referrerpolicy=\"no-referrer\"><b>Mark Your Calendars</b></p><p><blockquote><b>标记您的日历</b></blockquote></p><p> A technical service that I have been using since the mid-1990s (www.pfr.com) is anticipating a large-scale \"trend change\" on or about Aug. 2 and this bears watching. This could mark the start of perhaps a 10% correction in the major averages. The next trend change is anticipated for late October, which could be the start of a year-end rally. We want to pay closer attention to the advance-decline numbers and price action as we approach Aug. 2.</p><p><blockquote>我自20世纪90年代中期以来一直使用的一项技术服务(www.pfr.com)预计8月2日左右将出现大规模“趋势变化”，这值得关注。这可能标志着主要平均指数可能出现10%的回调。下一次趋势变化预计将在10月下旬，这可能是年底反弹的开始。随着8月2日的临近，我们希望密切关注涨跌数据和价格走势。</blockquote></p><p> <b>Sentiment</b></p><p><blockquote><b>情绪</b></blockquote></p><p> No discussion about the stock market would be complete without some discussion of sentiment. There are plenty of \"signs\" of the stock market being out over its skis.</p><p><blockquote>如果不讨论情绪，任何关于股市的讨论都是不完整的。有很多“迹象”表明股市正在下滑。</blockquote></p><p> I see a number of market letters and commentary from fellow technical analysts and they are all bullish. I get emails from Real Money subscribers asking about this stock or that stock and I have two observations:</p><p><blockquote>我看到了许多来自其他技术分析师的市场信件和评论，他们都是看涨的。我收到来自Real Money订阅者的电子邮件，询问这只股票或那只股票，我有两个观察结果：</blockquote></p><p> 1. The names they are asking about seem to be more speculative in nature. I cannot remember the last time someone emailed me about a boring utility stock.</p><p><blockquote>1.他们询问的名字似乎更具投机性质。我不记得上次有人给我发电子邮件询问无聊的公用事业股票是什么时候了。</blockquote></p><p> 2. The second thing that has struck me about the emails is the failure to recognize risk. Everyone wants to know the next highest price target but they never ask about where to move a stop up.</p><p><blockquote>2.电子邮件给我留下深刻印象的第二件事是没有认识到风险。每个人都想知道下一个最高价格目标，但他们从不问在哪里移动止损。</blockquote></p><p> Sentiment is not a precise indicator and much of it is anecdotal in nature and hard to quantify. The anticipated Robinhood IPO could mark a turning point.</p><p><blockquote>情绪不是一个精确的指标，其中大部分本质上是轶事，很难量化。预期的Robinhood IPO可能标志着一个转折点。</blockquote></p><p> <b>Bottom-Line Strategy</b></p><p><blockquote><b>底线策略</b></blockquote></p><p> The stock market has given us some incredible returns in the past year or two but there are some warning signs developing and traders need to start leaning in the other direction.</p><p><blockquote>在过去的一两年里，股市给了我们一些令人难以置信的回报，但也出现了一些警告信号，交易者需要开始向另一个方向倾斜。</blockquote></p><p> Consider adding to commodity plays as they could be the outperformers of the third quarter.</p><p><blockquote>考虑增加大宗商品投资，因为它们可能是第三季度表现出色的股票。</blockquote></p><p></p><p> Consider becoming a scale-up profit taker. Continue to raise your stop protection to lock in more gains. Pay closer attention to where in the range prices are closing. Highs are typically made when prices close near the high of the day.Is the On-Balance-Volume line weakening as volume increases on days when the market or your favorite stock declines?</p><p><blockquote>考虑成为规模扩大的获利者。继续提高止损保护，锁定更多收益。密切关注价格收盘区间。高点通常是在价格接近当天高点时形成的。当市场或您最喜欢的股票下跌时，平衡成交量线是否会随着成交量增加而减弱？</blockquote></p><p> Pay closer attention to the news and watch for stocks and the market to decline on bullish news -- this tells us that the news has been discounted.</p><p><blockquote>密切关注新闻，观察股票和市场因看涨消息而下跌——这告诉我们消息已经打折。</blockquote></p><p></p>","source":"lsy1610613172068","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>Second-Half 2021: Market Forecasts, Thoughts and Observations<blockquote>2021年下半年：市场预测、思考与观察</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\">\nSecond-Half 2021: Market Forecasts, Thoughts and Observations<blockquote>2021年下半年：市场预测、思考与观察</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">The Street</strong><span class=\"h-time small\">2021-07-04 09:31</span>\n</p>\n</h4>\n</header>\n<article>\n<p>  The stock market has given us some incredible returns in the past year or two but there are some warning signs developing -- and one key date to keep an eye on.  The stock market, commodity markets and fixed-income markets have been on some wild rides the past 18 months. We penned 2021 forecast pieces back in January (read<b>here</b>and<b>here</b>), but a fresh look at things for the balance of the year seems like a good idea with commodity plays on the rise, oil prices coming on strong while other areas of the market are cooling.</p><p><blockquote>在过去的一两年里，股市给我们带来了一些令人难以置信的回报，但也出现了一些警告信号，还有一个需要关注的关键日期。过去18个月里，股市、大宗商品市场和固定收益市场都经历了一些疯狂的行情。我们早在1月份就撰写了2021年预测文章（阅读<b>在这里</b>和<b>在这里</b>），但随着大宗商品市场的上涨，油价走强，而市场其他领域正在降温，重新审视今年剩余时间的情况似乎是个好主意。</blockquote></p><p> Let's start our analysis with some monthly candlestick charts.</p><p><blockquote>让我们从一些月度烛台图开始我们的分析。</blockquote></p><p> <b>Candlestick AnalysisDow Jones Industrials</b></p><p><blockquote><b>烛台分析道琼斯工业指数</b></blockquote></p><p> In this monthly Japanese candlestick chart of the Dow Jones Industrial Average (DJIA), below, we can see that prices have made a huge rise over the past decade and a very sharp advance since March of 2020. Taking a little liberty in our methodology we can see an 8 to 10 record high advance since the 2020 pandemic low. Notice the slowing pace of the 12-month price momentum study in the lower panel.</p><p><blockquote>在下面道琼斯工业平均指数（道琼斯）的月度日本烛台图中，我们可以看到价格在过去十年中大幅上涨，自2020年3月以来涨幅非常大。在我们的方法上稍微自由一点，我们可以看到自2020年疫情低点以来，有8到10个历史新高的进展。请注意下图中12个月价格动量研究的步伐放缓。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/8c0c65a961cdf2a9b6bdba9757ca8c5d\" tg-width=\"720\" tg-height=\"510\" referrerpolicy=\"no-referrer\"><b>S&amp;P 500</b></p><p><blockquote><b>标普500</b></blockquote></p><p> In this monthly Japanese candlestick chart of the S&amp;P 500 Index (SPX) below, we can see another big advance over the past 10 years. The index made a sideways consolidation pattern in 2015-2016 around 2,000 to 2,200 and we have for most part doubled from there. I would not be surprised to see some significant profit-taking as the SPX approached 4,400. Momentum has been slowing here too.</p><p><blockquote>在下面的标普500指数（SPX）月度日本烛台图中，我们可以看到过去10年的另一次大幅上涨。该指数在2015-2016年在2,000点至2,200点附近形成了横向盘整模式，我们在很大程度上从那里翻了一番。当SPX接近4,400点时，看到一些重大获利了结，我不会感到惊讶。这里的势头也在放缓。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/72a594dc06dc6364a1f4432334018a95\" tg-width=\"720\" tg-height=\"510\" referrerpolicy=\"no-referrer\"><b>Nasdaq</b></p><p><blockquote><b>纳斯达克</b></blockquote></p><p> In this monthly Japanese candlestick chart of the Nasdaq, below, we can see that prices have doubled from their consolidation pattern in 2018 and 2019 in the 7,000 area. Prices have nearly tripled from their consolidation around 5,000 in 2015-2016. Yes, the momentum study is slowing.</p><p><blockquote>在下面的纳斯达克月度日本烛台图中，我们可以看到价格比2018年和2019年在7,000点区域的盘整模式翻了一番。价格较2015-2016年5,000点左右的盘整上涨了近两倍。是的，动量研究正在放缓。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/a32c8a3b8cbd6d84dc3c316188d0714c\" tg-width=\"720\" tg-height=\"510\" referrerpolicy=\"no-referrer\"><b>Russell 2000</b></p><p><blockquote><b>罗素2000</b></blockquote></p><p> In this monthly candlestick chart of the Russell 2000 index (RUT) we can see that prices have more than doubled from their March 2020 low. This could take your breath away. With the string of white candles and weakening momentum we want to be more cautious as we move forward in the third quarter.</p><p><blockquote>在这张罗素2000指数(RUT)的月度烛台图中，我们可以看到价格较2020年3月的低点上涨了一倍多。这会让你大吃一惊。随着一串白色蜡烛和势头减弱，我们希望在第三季度前进时更加谨慎。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/00e2eb68915aa7fe3a35df2b5cca4c7c\" tg-width=\"720\" tg-height=\"510\" referrerpolicy=\"no-referrer\">All these charts (above) show the 8 to 10 record high pattern so we should be on our guard for a top reversal pattern.</p><p><blockquote>所有这些图表（上图）都显示了8到10个创纪录的高点模式，因此我们应该警惕顶部反转模式。</blockquote></p><p> <b>Advance-Decline Analysis</b></p><p><blockquote><b>进退分析</b></blockquote></p><p> Now, let's turn our attention to the Advance-Decline line.</p><p><blockquote>现在，让我们把注意力转向涨跌线。</blockquote></p><p> <b>Dow Jones Industrials</b></p><p><blockquote><b>道琼斯工业指数</b></blockquote></p><p> In this daily candlestick chart of the DJIA, below, we show the Advance-Decline line which has been moving sideways since early May. This difference between the price action is a bearish divergence but the DJIA is a narrow average with only 30 stocks.</p><p><blockquote>在下面的道琼斯日线烛台图中，我们显示了自五月初以来一直横向移动的上涨-下跌线。价格走势之间的差异是看跌背离，但道琼斯是一个狭窄的平均值，只有30只股票。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/5af49f53b61d7234c47302a43ef8fc54\" tg-width=\"1000\" tg-height=\"622\" referrerpolicy=\"no-referrer\"><b>S&amp;P 500</b></p><p><blockquote><b>标普500</b></blockquote></p><p> In this chart of the S&amp;P 500 and its Advance-Decline line, below, we can see that prices and the Advance-Decline line are pointed up so a bearish divergence has not started.</p><p><blockquote>在下面这张标普500及其上涨-下跌线的图表中，我们可以看到价格和上涨-下跌线向上，因此看跌背离尚未开始。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/6f76b13060f5ac582155923264b7fb2f\" tg-width=\"1000\" tg-height=\"622\" referrerpolicy=\"no-referrer\"><b>Nasdaq</b></p><p><blockquote><b>纳斯达克</b></blockquote></p><p> In this chart of the Nasdaq, below, we can see a significant bearish divergence. The Nasdaq has been making new highs but the Advance-Decline line has been moving sideways to lower from February.</p><p><blockquote>在下面的纳斯达克图表中，我们可以看到显着的看跌背离。纳斯达克一直在创出新高，但涨跌幅线自二月份以来一直横向走低。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/c202ca833085d8ae21f804e01da1d20e\" tg-width=\"1000\" tg-height=\"622\" referrerpolicy=\"no-referrer\"><b>Nasdaq 100</b></p><p><blockquote><b>纳斯达克100</b></blockquote></p><p> In this chart of Nasdaq 100 and its Advance-Decline line, below, we see prices and the indicator going up together. No bearish divergence here.<img src=\"https://static.tigerbbs.com/02f49df814666506de6bd3a8f8cff358\" tg-width=\"1000\" tg-height=\"622\" referrerpolicy=\"no-referrer\"><b>Sectors</b></p><p><blockquote>在下面这张纳斯达克100指数及其涨跌幅线的图表中，我们看到价格和指标一起上涨。这里没有看跌背离。<b>部门</b></blockquote></p><p> The marketplace can be broken down into 11 sectors but I want to cover just part of the list today.<b>Energy</b>In this weekly candlestick chart of the (XLE) , the S&amp;P Energy sector ETF, below, we can see that prices have doubled from their pandemic low. Trading volume has been very heavy and the weekly On-Balance-Volume has been stalled the past four months. The 12-week price momentum study has been weakening for a bearish divergence.</p><p><blockquote>市场可以分为11个部分，但我今天只想介绍其中的一部分。<b>能源</b>在下面的标准普尔能源行业ETF(XLE)的周线烛台图中，我们可以看到价格较大流行低点翻了一番。过去四个月，交易量非常大，每周余额交易量停滞不前。12周价格动量研究因看跌背离而减弱。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/c6c7c0cb796bbdd57de9aba933c615ce\" tg-width=\"720\" tg-height=\"820\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p><p> Two energy names that could rally further in the third quarter are EOG Resources (EOG) and ConocoPhillips (COP) . Here are the charts.</p><p><blockquote>第三季度可能进一步上涨的两家能源公司是EOG Resources(EOG)和康菲石油公司(COP)。这是图表。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/7d2fc7721f85cac4b418a821156c714f\" tg-width=\"720\" tg-height=\"820\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/874820e1c1c54a567c399f5129e88676\" tg-width=\"720\" tg-height=\"820\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/fc072387bc975d38d92af5b6b3de16ac\" tg-width=\"720\" tg-height=\"820\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/8d2822d20c835ce4f4860d5eb45212cb\" tg-width=\"720\" tg-height=\"820\" referrerpolicy=\"no-referrer\"><b>Financials</b></p><p><blockquote><b>财务</b></blockquote></p><p> In this daily bar chart of the (XLF) ,&nbsp; the Financial sector ETF, below, we can see that prices have begun a topping phase. Prices have broken below the cresting 50-day moving average line. The On-Balance-Volume line has weakened from early June and the Moving Average Convergence Divergence (MACD) oscillator has fallen below the zero line for an outright sell signal.</p><p><blockquote>在下面金融板块ETF(XLF)的日线条形图中，我们可以看到价格已经开始见顶阶段。价格已跌破50日移动平均线。自6月初以来，平衡成交量线已走弱，移动平均线收敛背离(MACD)振荡器已跌破零线，发出直接卖出信号。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/bddfbb55fad602b4a29ff4ef1ba47e0f\" tg-width=\"720\" tg-height=\"820\" referrerpolicy=\"no-referrer\"><b>Technology</b></p><p><blockquote><b>技术</b></blockquote></p><p> In this weekly Japanese candlestick chart of the (XLK) , the Technology sector ETF, below, we can see that prices have more than doubled from their pandemic low. The trading volume has diminished since March 2020 and the weekly On-Balance-Volume line has been stuck in a sideways trend for the past 12 months. The 12-week price momentum study in the bottom panel shows lower highs being made the past year. This is a significant bearish divergence.</p><p><blockquote>在下面的科技行业ETF(XLK)的每周日本烛台图中，我们可以看到价格较大流行低点上涨了一倍多。自2020年3月以来，交易量一直在减少，每周平衡交易量线在过去12个月中一直处于横盘趋势。底部面板中的12周价格动量研究显示，过去一年的高点较低。这是一个显着的看跌背离。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/c9d9a652c4c72b421556bfbd90dd8d44\" tg-width=\"720\" tg-height=\"820\" referrerpolicy=\"no-referrer\"><b>Industrials</b></p><p><blockquote><b>工业</b></blockquote></p><p> In this daily bar chart of the (XLI) &nbsp;, the Industrial sector ETF, below, we can see a weakening picture. Prices have slipped below the cresting 50-day moving average line. The On-Balance-Volume line has weakened the past two months and the MACD oscillator is below the zero line in sell territory.</p><p><blockquote>在下面工业板块ETF(XLI)的日线条形图中，我们可以看到疲软的情况。价格已跌破50日移动平均线。在过去的两个月里，平衡成交量线已经走弱，MACD振荡指标低于卖出区域的零线。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/47838029e80d6b87a83abb9f1352bdaf\" tg-width=\"720\" tg-height=\"820\" referrerpolicy=\"no-referrer\"><b>Bonds</b></p><p><blockquote><b>债券</b></blockquote></p><p> In this daily Point and Figure chart of the (TLT) , the iShares 20+ year Treasury Bond ETF, below, we can see a potential upside price target in the $165 area.</p><p><blockquote>在下面的iShares 20+年期国债ETF(TLT)的每日点数图中，我们可以看到165美元区域的潜在上行目标价。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/587f7bae63415985c849540d27b7ffaa\" tg-width=\"1000\" tg-height=\"992\" referrerpolicy=\"no-referrer\"><b>U.S. Dollar</b></p><p><blockquote><b>美元</b></blockquote></p><p> In this daily Japanese candlestick chart of the U.S. Dollar Index (DXY) we can see that prices have stopped short of a test of its late March/early April highs. DXY could make a slow drift downward to retest its May lows.</p><p><blockquote>在美元指数（DXY）的每日日本烛台图中，我们可以看到价格已经停止测试3月底/4月初的高点。DXY可能会缓慢向下漂移，重新测试5月份的低点。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/c086d11fb1d31f2710dc3752d158a2e7\" tg-width=\"720\" tg-height=\"510\" referrerpolicy=\"no-referrer\"><b>Mark Your Calendars</b></p><p><blockquote><b>标记您的日历</b></blockquote></p><p> A technical service that I have been using since the mid-1990s (www.pfr.com) is anticipating a large-scale \"trend change\" on or about Aug. 2 and this bears watching. This could mark the start of perhaps a 10% correction in the major averages. The next trend change is anticipated for late October, which could be the start of a year-end rally. We want to pay closer attention to the advance-decline numbers and price action as we approach Aug. 2.</p><p><blockquote>我自20世纪90年代中期以来一直使用的一项技术服务(www.pfr.com)预计8月2日左右将出现大规模“趋势变化”，这值得关注。这可能标志着主要平均指数可能出现10%的回调。下一次趋势变化预计将在10月下旬，这可能是年底反弹的开始。随着8月2日的临近，我们希望密切关注涨跌数据和价格走势。</blockquote></p><p> <b>Sentiment</b></p><p><blockquote><b>情绪</b></blockquote></p><p> No discussion about the stock market would be complete without some discussion of sentiment. There are plenty of \"signs\" of the stock market being out over its skis.</p><p><blockquote>如果不讨论情绪，任何关于股市的讨论都是不完整的。有很多“迹象”表明股市正在下滑。</blockquote></p><p> I see a number of market letters and commentary from fellow technical analysts and they are all bullish. I get emails from Real Money subscribers asking about this stock or that stock and I have two observations:</p><p><blockquote>我看到了许多来自其他技术分析师的市场信件和评论，他们都是看涨的。我收到来自Real Money订阅者的电子邮件，询问这只股票或那只股票，我有两个观察结果：</blockquote></p><p> 1. The names they are asking about seem to be more speculative in nature. I cannot remember the last time someone emailed me about a boring utility stock.</p><p><blockquote>1.他们询问的名字似乎更具投机性质。我不记得上次有人给我发电子邮件询问无聊的公用事业股票是什么时候了。</blockquote></p><p> 2. The second thing that has struck me about the emails is the failure to recognize risk. Everyone wants to know the next highest price target but they never ask about where to move a stop up.</p><p><blockquote>2.电子邮件给我留下深刻印象的第二件事是没有认识到风险。每个人都想知道下一个最高价格目标，但他们从不问在哪里移动止损。</blockquote></p><p> Sentiment is not a precise indicator and much of it is anecdotal in nature and hard to quantify. The anticipated Robinhood IPO could mark a turning point.</p><p><blockquote>情绪不是一个精确的指标，其中大部分本质上是轶事，很难量化。预期的Robinhood IPO可能标志着一个转折点。</blockquote></p><p> <b>Bottom-Line Strategy</b></p><p><blockquote><b>底线策略</b></blockquote></p><p> The stock market has given us some incredible returns in the past year or two but there are some warning signs developing and traders need to start leaning in the other direction.</p><p><blockquote>在过去的一两年里，股市给了我们一些令人难以置信的回报，但也出现了一些警告信号，交易者需要开始向另一个方向倾斜。</blockquote></p><p> Consider adding to commodity plays as they could be the outperformers of the third quarter.</p><p><blockquote>考虑增加大宗商品投资，因为它们可能是第三季度表现出色的股票。</blockquote></p><p></p><p> Consider becoming a scale-up profit taker. Continue to raise your stop protection to lock in more gains. Pay closer attention to where in the range prices are closing. Highs are typically made when prices close near the high of the day.Is the On-Balance-Volume line weakening as volume increases on days when the market or your favorite stock declines?</p><p><blockquote>考虑成为规模扩大的获利者。继续提高止损保护，锁定更多收益。密切关注价格收盘区间。高点通常是在价格接近当天高点时形成的。当市场或您最喜欢的股票下跌时，平衡成交量线是否会随着成交量增加而减弱？</blockquote></p><p> Pay closer attention to the news and watch for stocks and the market to decline on bullish news -- this tells us that the news has been discounted.</p><p><blockquote>密切关注新闻，观察股票和市场因看涨消息而下跌——这告诉我们消息已经打折。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://realmoney.thestreet.com/investing/stocks/second-half-2021-market-forecasts-thoughts-and-observations-15702152?puc=yahoo&cm_ven=YAHOO\">The Street</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index","SPY":"标普500ETF",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://realmoney.thestreet.com/investing/stocks/second-half-2021-market-forecasts-thoughts-and-observations-15702152?puc=yahoo&cm_ven=YAHOO","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1192425829","content_text":"The stock market has given us some incredible returns in the past year or two but there are some warning signs developing -- and one key date to keep an eye on.\n\nThe stock market, commodity markets and fixed-income markets have been on some wild rides the past 18 months. We penned 2021 forecast pieces back in January (readhereandhere), but a fresh look at things for the balance of the year seems like a good idea with commodity plays on the rise, oil prices coming on strong while other areas of the market are cooling.\nLet's start our analysis with some monthly candlestick charts.\nCandlestick AnalysisDow Jones Industrials\nIn this monthly Japanese candlestick chart of the Dow Jones Industrial Average (DJIA), below, we can see that prices have made a huge rise over the past decade and a very sharp advance since March of 2020. Taking a little liberty in our methodology we can see an 8 to 10 record high advance since the 2020 pandemic low. Notice the slowing pace of the 12-month price momentum study in the lower panel.\nS&P 500\nIn this monthly Japanese candlestick chart of the S&P 500 Index (SPX) below, we can see another big advance over the past 10 years. The index made a sideways consolidation pattern in 2015-2016 around 2,000 to 2,200 and we have for most part doubled from there. I would not be surprised to see some significant profit-taking as the SPX approached 4,400. Momentum has been slowing here too.\nNasdaq\nIn this monthly Japanese candlestick chart of the Nasdaq, below, we can see that prices have doubled from their consolidation pattern in 2018 and 2019 in the 7,000 area. Prices have nearly tripled from their consolidation around 5,000 in 2015-2016. Yes, the momentum study is slowing.\nRussell 2000\nIn this monthly candlestick chart of the Russell 2000 index (RUT) we can see that prices have more than doubled from their March 2020 low. This could take your breath away. With the string of white candles and weakening momentum we want to be more cautious as we move forward in the third quarter.\nAll these charts (above) show the 8 to 10 record high pattern so we should be on our guard for a top reversal pattern.\nAdvance-Decline Analysis\nNow, let's turn our attention to the Advance-Decline line.\nDow Jones Industrials\nIn this daily candlestick chart of the DJIA, below, we show the Advance-Decline line which has been moving sideways since early May. This difference between the price action is a bearish divergence but the DJIA is a narrow average with only 30 stocks.\nS&P 500\nIn this chart of the S&P 500 and its Advance-Decline line, below, we can see that prices and the Advance-Decline line are pointed up so a bearish divergence has not started.\nNasdaq\nIn this chart of the Nasdaq, below, we can see a significant bearish divergence. The Nasdaq has been making new highs but the Advance-Decline line has been moving sideways to lower from February.\nNasdaq 100\nIn this chart of Nasdaq 100 and its Advance-Decline line, below, we see prices and the indicator going up together. No bearish divergence here.Sectors\nThe marketplace can be broken down into 11 sectors but I want to cover just part of the list today.EnergyIn this weekly candlestick chart of the (XLE) , the S&P Energy sector ETF, below, we can see that prices have doubled from their pandemic low. Trading volume has been very heavy and the weekly On-Balance-Volume has been stalled the past four months. The 12-week price momentum study has been weakening for a bearish divergence.\n\nTwo energy names that could rally further in the third quarter are EOG Resources (EOG) and ConocoPhillips (COP) . Here are the charts.\nFinancials\nIn this daily bar chart of the (XLF) ,  the Financial sector ETF, below, we can see that prices have begun a topping phase. Prices have broken below the cresting 50-day moving average line. The On-Balance-Volume line has weakened from early June and the Moving Average Convergence Divergence (MACD) oscillator has fallen below the zero line for an outright sell signal.\nTechnology\nIn this weekly Japanese candlestick chart of the (XLK) , the Technology sector ETF, below, we can see that prices have more than doubled from their pandemic low. The trading volume has diminished since March 2020 and the weekly On-Balance-Volume line has been stuck in a sideways trend for the past 12 months. The 12-week price momentum study in the bottom panel shows lower highs being made the past year. This is a significant bearish divergence.\nIndustrials\nIn this daily bar chart of the (XLI)  , the Industrial sector ETF, below, we can see a weakening picture. Prices have slipped below the cresting 50-day moving average line. The On-Balance-Volume line has weakened the past two months and the MACD oscillator is below the zero line in sell territory.\nBonds\nIn this daily Point and Figure chart of the (TLT) , the iShares 20+ year Treasury Bond ETF, below, we can see a potential upside price target in the $165 area.\nU.S. Dollar\nIn this daily Japanese candlestick chart of the U.S. Dollar Index (DXY) we can see that prices have stopped short of a test of its late March/early April highs. DXY could make a slow drift downward to retest its May lows.\nMark Your Calendars\nA technical service that I have been using since the mid-1990s (www.pfr.com) is anticipating a large-scale \"trend change\" on or about Aug. 2 and this bears watching. This could mark the start of perhaps a 10% correction in the major averages. The next trend change is anticipated for late October, which could be the start of a year-end rally. We want to pay closer attention to the advance-decline numbers and price action as we approach Aug. 2.\nSentiment\nNo discussion about the stock market would be complete without some discussion of sentiment. There are plenty of \"signs\" of the stock market being out over its skis.\nI see a number of market letters and commentary from fellow technical analysts and they are all bullish. I get emails from Real Money subscribers asking about this stock or that stock and I have two observations:\n1. The names they are asking about seem to be more speculative in nature. I cannot remember the last time someone emailed me about a boring utility stock.\n2. The second thing that has struck me about the emails is the failure to recognize risk. Everyone wants to know the next highest price target but they never ask about where to move a stop up.\nSentiment is not a precise indicator and much of it is anecdotal in nature and hard to quantify. The anticipated Robinhood IPO could mark a turning point.\nBottom-Line Strategy\nThe stock market has given us some incredible returns in the past year or two but there are some warning signs developing and traders need to start leaning in the other direction.\nConsider adding to commodity plays as they could be the outperformers of the third quarter.\nConsider becoming a scale-up profit taker. Continue to raise your stop protection to lock in more gains. Pay closer attention to where in the range prices are closing. Highs are typically made when prices close near the high of the day.Is the On-Balance-Volume line weakening as volume increases on days when the market or your favorite stock declines?\nPay closer attention to the news and watch for stocks and the market to decline on bullish news -- this tells us that the news has been discounted.","news_type":1,"symbols_score_info":{"SPY":0.9,".DJI":0.9,".IXIC":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":524,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":156587882,"gmtCreate":1625230730446,"gmtModify":1633942313240,"author":{"id":"3574891778837790","authorId":"3574891778837790","name":"DerekC","avatar":"https://static.tigerbbs.com/02824f1a06daf256b2ea13cc9eba6e85","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574891778837790","authorIdStr":"3574891778837790"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/156587882","repostId":"1142786875","repostType":4,"isVote":1,"tweetType":1,"viewCount":594,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":158516512,"gmtCreate":1625155399636,"gmtModify":1633944149143,"author":{"id":"3574891778837790","authorId":"3574891778837790","name":"DerekC","avatar":"https://static.tigerbbs.com/02824f1a06daf256b2ea13cc9eba6e85","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574891778837790","authorIdStr":"3574891778837790"},"themes":[],"htmlText":"It is nothing new, so as the expensive price&nbsp;[笑哭]&nbsp;","listText":"It is nothing new, so as the expensive price&nbsp;[笑哭]&nbsp;","text":"It is nothing new, so as the expensive price [笑哭]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/158516512","repostId":"1113357649","repostType":2,"repost":{"id":"1113357649","kind":"news","pubTimestamp":1625133776,"share":"https://www.laohu8.com/m/news/1113357649?lang=zh_CN&edition=full","pubTime":"2021-07-01 18:02","market":"us","language":"en","title":"Amazon: Undervalued With Potential Upside Of 25%<blockquote>亚马逊：被低估，潜在上涨空间为25%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1113357649","media":"seekingalpha","summary":"Amazon is a unique and growing company that uses its disruptive platform to disrupt any new business it enters.I initiate Amazon with a bullish rating and a fair value of $3576/share .The company's improving top line and bottom line performance  suggests that the stock is currently undervalued by 3.9%.Amazon, a $1.74 trillion company. This is the current market capitalization  of the company and this implies that it is currently 15.18% away from being a $2 trillion company, not bad no?I initiate","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Amazon is a unique and growing company that uses its disruptive platform to disrupt any new business it enters.</li>  <li>I initiate Amazon with a bullish rating and a fair value of $3576/share (vs. the current price of $3443/share).</li>  <li>The company's improving top line and bottom line performance (which is expected to continue) suggests that the stock is currently undervalued by 3.9%.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/51ce52baed5afae04a384059297465d3\" tg-width=\"1536\" tg-height=\"1024\"><span>Daria Nipot/iStock Editorial via Getty Images</span></p><p><blockquote><ul><li>亚马逊是一家独特且不断发展的公司，它利用其颠覆性平台来颠覆其进入的任何新业务。</li><li>我对亚马逊的评级为看涨，公允价值为3576美元/股（当前价格为3443美元/股）。</li><li>该公司营收和利润业绩的改善（预计将持续下去）表明该股目前被低估了3.9%。</li></ul><p class=\"t-img-caption\"><span>Daria Nipot/iStock社论来自Getty Images</span></p></blockquote></p><p> <b>Company Overview</b></p><p><blockquote><b>公司概况</b></blockquote></p><p> Amazon(NASDAQ:AMZN), a $1.74 trillion company. This is the current market capitalization (as of 06/29/2021) of the company and this implies that it is currently 15.18% away from being a $2 trillion company, not bad no?</p><p><blockquote>亚马逊（纳斯达克股票代码：AMZN），一家市值1.74万亿美元的公司。这是该公司目前的市值（截至2021年6月29日），这意味着它目前距离成为2万亿美元的公司还有15.18%的距离，还不错吧？</blockquote></p><p> Amazon is a unique and growing company that uses its disruptive platform to disrupt any new business it enters. For example, when Amazon announced the acquisition of Whole Foods, Walmart(NYSE:WMT), Kroger(NYSE:KR), Target(NYSE:TGT)took a&nbsp;nice hit&nbsp;in market value. I believe that the company will be able to keep delivering strong top line growth and continued growth in margins, fueled not only by the company's current business expansion but also by entering into new markets and new businesses.</p><p><blockquote>亚马逊是一家独特且不断发展的公司，它利用其颠覆性平台来颠覆其进入的任何新业务。例如，当亚马逊宣布收购全食超市时，沃尔玛（纽约证券交易所代码：WMT）、克罗格（纽约证券交易所代码：KR）、塔吉特（纽约证券交易所代码：TGT）的市值遭受了巨大打击。我相信，公司将能够继续实现强劲的营收增长和利润率的持续增长，这不仅得益于公司当前的业务扩张，还得益于进入新市场和新业务。</blockquote></p><p> <b>Company Analysis</b></p><p><blockquote><b>公司分析</b></blockquote></p><p> I initiate Amazon with a bullish rating and a fair value of $3576/share (vs. the current price of $3443/share). The FV is an algorithm-adjusted fair value (the algorithm takes into account fundamental and technical factors, such as DCF FV, momentum, etc.) and it implies that the stock is undervalued by 3.9%.</p><p><blockquote>我对亚马逊的评级为看涨，公允价值为3576美元/股（当前价格为3443美元/股）。FV是算法调整后的公允价值（算法考虑了基本面和技术因素，如DCF FV、动量等。）它意味着股票被低估了3.9%。</blockquote></p><p> To compute the DCF FV, I used the trailing twelve-month numbers and I also restated the financials since I capitalized on R&amp;D expenses with an amortizable life of 3 years. As&nbsp;with Apple(NASDAQ:AAPL), I don't believe that Amazon's R&amp;D is an operating expense, and for this reason, I treat it as CapEx. By taking into account the R&amp;D, the following metrics have been restated (all numbers in $mm).</p><p><blockquote>为了计算DCF FV，我使用了过去12个月的数据，并且我还重述了财务数据，因为我将可摊销期限为3年的研发费用资本化。与苹果（纳斯达克股票代码：AAPL）一样，我不认为亚马逊的研发是一项运营费用，因此，我将其视为资本支出。考虑到研发，以下指标已被重述（所有数字均以百万美元为单位）。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bb427d462596db1e1cb1ffc99acc90e4\" tg-width=\"571\" tg-height=\"240\"><span>Source:Author's estimates using data from the latest 10-K report</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：作者使用最新10-K报告数据进行的估计</span></p></blockquote></p><p> Capitalizing on R&amp;D expenses, we have now a more clear picture of the company (i.e. the restated operating margin is now 9.03% TTM vs the non-restated operating margin is 6.63% TTM).</p><p><blockquote>利用研发费用，我们现在对公司有了更清晰的了解（即重述营业利润率现在为9.03%TTM，而非重述营业利润率为6.63%TTM）。</blockquote></p><p> <b>Discounted Cash Flow Model</b></p><p><blockquote><b>折现现金流量模型</b></blockquote></p><p> Now, let's turn to the discounted cash flow valuation part. Below, you can see the results with the relative assumptions I have made.</p><p><blockquote>现在，让我们转向贴现现金流估值部分。下面，你可以看到我所做的相对假设的结果。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0e215b21ca0b3be5a5e0e7b62e36fb5f\" tg-width=\"640\" tg-height=\"268\"><span>Source:Author's estimates using data from the latest 10-K report</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：作者使用最新10-K报告数据进行的估计</span></p></blockquote></p><p> In my DCF model, I assume a revenue growth for the Y1 of 21.2%, a CAGR Y2-Y5 of 15% and I assume a terminal year growth rate of 1.48% (or the current yield on 10Y Treasury). The decision of using the current and not expected yield is due to the willingness to remain market neutral (perhaps you can use&nbsp;Goldman Sachs expectations&nbsp;of 1.9%). The current assumptions lead to revenues of $1,253,844 million in Y10.</p><p><blockquote>在我的DCF模型中，我假设Y1的收入增长率为21.2%，Y2-Y5的复合年增长率为15%，并假设最终年增长率为1.48%（或10年期国债的当前收益率）。使用当前而非预期收益率的决定是出于保持市场中性的意愿（或许可以使用高盛1.9%的预期）。目前的假设导致Y10的收入为12,538.44亿美元。</blockquote></p><p> Along the road, I also assume an improving outlook for operating margins with the target operating margin of 13.2% (vs current restated operating margin of 9.03%). If the company will be able to meet this target, it will result in operating margins in Y10 of $163,097 million.</p><p><blockquote>在此过程中，我还假设营业利润率前景有所改善，目标营业利润率为13.2%（当前重述营业利润率为9.03%）。如果公司能够实现这一目标，2010年的营业利润率将达到1630.97亿美元。</blockquote></p><p> Finally, in doing my estimates, I used a WACC of 5.75% and a sales to capital ratio (or how much the company is going to reinvest to keep its business growing) of 2.95.</p><p><blockquote>最后，在进行估计时，我使用了5.75%的WACC和2.95的销售资本比率（或公司将进行多少再投资以保持业务增长）。</blockquote></p><p> By putting it together, I obtain a DCF value of $3328/share.</p><p><blockquote>通过将它们放在一起，我获得了3328美元/股的DCF值。</blockquote></p><p> <b>Monte Carlo Simulation</b></p><p><blockquote><b>蒙特卡罗模拟</b></blockquote></p><p> Rather than showing you only my point estimates, which may be right but also may be wrong, let's use probability distributions for inputs. Simulations allow us to assess the impact of continuous risk (e.g., changes in operating margins). In particular, I would like to focus on what I consider the main inputs of interest to get a bigger picture of the risk in the company. Those inputs are:</p><p><blockquote>与其只向您展示我的点估计，这可能是正确的，也可能是错误的，让我们使用概率分布作为输入。模拟使我们能够评估持续风险的影响（例如，营业利润率的变化）。特别是，我想重点关注我认为感兴趣的主要输入，以更好地了解公司的风险。这些输入是：</blockquote></p><p> <i>1. Revenue Growth:</i></p><p><blockquote><i>1、营收增长：</i></blockquote></p><p></p><p> In my DCF analysis, I assumed an expected CAGR Y2-Y5 of 15% with lower rates going forward. This assumption lead to revenues in Y10 of $1,253,844 million. While it is a reasonable assumption, Amazon is full of surprises, and it may deliver a top line growth well above my expectations. In the latter, I see a possible scenario with a CAGR Y2-Y5 of 24%, resulting in Y10 revenues of $1,989,952 million. However, we all know that regulators represent a big risk for the company. According to&nbsp;WSJ sources, if the \"giant-tech bill\" will pass, the company may be forced to either split into two companies or spin off its private-label product businesses. This represents a big risk that may slow down Amazon's growth, which could translate into a growth rate of 6% (resulting in Y10 revenues of $764,723 million). To sum up, I will assume a uniform distribution with a maximum of 24% and a minimum of 6%. The results are displayed below (this simulation and the next one have been performed 10,000 times).</p><p><blockquote>在我的DCF分析中，我假设Y2-Y5的预期复合年增长率为15%，未来利率较低。这一假设导致2010年的收入为125,384.4亿美元。虽然这是一个合理的假设，但亚马逊充满了惊喜，它可能会实现远高于我预期的营收增长。在后者中，我认为CAGR Y2-Y5为24%，导致Y10收入为1,9899.52亿美元。然而，我们都知道监管机构对公司来说是一个很大的风险。据《华尔街日报》消息人士透露，如果“巨人科技法案”获得通过，该公司可能会被迫拆分为两家公司或剥离其自有品牌产品业务。这是一个很大的风险，可能会减缓亚马逊的增长，这可能会转化为6%的增长率（导致Y10收入为7647.23亿美元）。综上所述，我将假设最大24%，最小6%的均匀分布。结果如下所示（该模拟和下一个模拟已经执行了10,000次）。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/893dff753c8ca210759feb31b3966a5c\" tg-width=\"640\" tg-height=\"235\"><span>Source:Author's estimates</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：作者估计</span></p></blockquote></p><p> <i>2. Operating Margin</i>:</p><p><blockquote><i>2.营业利润率</i>：</blockquote></p><p> Currently, Amazon has a restated operating margin of 9.03% TTM (vs not restated EBIT margin of 6.83%). In my DCF, I assumed a target operating margin of 13.2%. While this represents my most likely scenario for the company, I cannot close my eyes to the fact that, even if the company is improving its margins, it is following a very slow climb. Below, I display the non-restated EBIT margin for the last 5 years.</p><p><blockquote>目前，亚马逊的TTM重述营业利润率为9.03%（未重述息税前利润率为6.83%）。在我的DCF中，我假设目标营业利润率为13.2%。虽然这代表了我对该公司最有可能的情况，但我不能忽视这样一个事实：即使该公司的利润率正在提高，但它的攀升速度也非常缓慢。下面，我显示了过去5年未经重述的息税前利润率。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6d66fcb05f4254b15de278f016121ffa\" tg-width=\"640\" tg-height=\"221\"><span>Source:SeekingAlpha.com</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：SeekingAlpha.com</span></p></blockquote></p><p> However, as I stated at the beginning, Amazon is a disruptive company with the ability to do extraordinary things. For instance, AWS presents a current operating margin of 30% TTM and a revenue growth rate of 29.53% in 2020. A trend which is expected to continue, driven by improving outlook and with new partners joining the party. The last to join the party are Ferrari(NYSE:RACE)and Swisscom(OTCPK:SWZCF)who have chosen AWS as their&nbsp;preferred cloud partner.</p><p><blockquote>不过，正如我开头所说，亚马逊是一家颠覆性的公司，有能力做非凡的事情。例如，AWS目前的营业利润率为30%TTM，2020年收入增长率为29.53%。由于前景改善以及有新伙伴加入党，这一趋势有望持续。最后一个加入派对的是法拉利（纽约证券交易所代码：RACE）和瑞士电信（OTCPK代码：SWZCF），他们选择AWS作为首选的云合作伙伴。</blockquote></p><p> In 2020,according to Gartner, AWS generated revenue 2 times bigger than Microsoft(NASDAQ:MSFT). As stated by Gartner:</p><p><blockquote>根据Gartner的数据，2020年AWS的收入是微软（纳斯达克：MSFT）的2倍。如Gartner所述：</blockquote></p><p>   <i>The worldwide</i>&nbsp;  <i>infrastructure as a service(IaaS) market grew 40.7% in 2020 to total $64.3 billion, up from $45.7 billion in 2019, according to Gartner, Inc. Amazon retained the No. 1 position in the IaaS market in 2020, followed by Microsoft, Alibaba, Google and Huawei... Amazon continued to lead the worldwide IaaS market with $26.2 billion of revenue in 2020 and 41% market share.</i>  <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ac00a17cbbd930ad6464a63f6d4f98eb\" tg-width=\"640\" tg-height=\"388\"><span>Source:Gartner.com</span></p><p><blockquote><i>世界范围</i> <i>根据Gartner，Inc.的数据，基础设施即服务（IaaS）市场在2020年增长了40.7%，达到643亿美元，高于2019年的457亿美元。亚马逊在2020年保持了IaaS市场的第一名，其次是微软、阿里巴巴-SW、谷歌和华为...亚马逊在2020年以262亿美元的收入和41%的市场份额继续引领全球IaaS市场。</i><p class=\"t-img-caption\"><span>资料来源：Gartner.com</span></p></blockquote></p><p> Finally, to account for my concerns and beliefs, I will assume a triangular distribution with the following limits: the likeliest target operating margin of 13.2%, a maximum of 18.4%, and a minimum of 8% (close to the current company's EBIT margin). The results are displayed below.</p><p><blockquote>最后，为了说明我的担忧和信念，我将假设一个三角形分布，并有以下限制：最可能的目标营业利润率为13.2%，最高为18.4%，最低为8%（接近当前公司的息税前利润率）。结果如下所示。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/054e2db392be500768de741516186013\" tg-width=\"640\" tg-height=\"237\"><span>Source:Author's estimates</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：作者估计</span></p></blockquote></p><p> <i>3. Cost of Capital:</i></p><p><blockquote><i>3.资金成本：</i></blockquote></p><p> The last input of interest is the cost of capital. In doing my analysis, I estimated a cost of capital of 5.8% (with the current 10Y rate of 1.48 and an implied ERP of 4.54%). However, I may be wrong due to sector risk estimates or changes in the business mix (or both). To account for the possibility that I made some mistakes along the road, I will rely on a lognormal distribution with the most likely scenario of 5.8%. The results of the simulation are displayed below.</p><p><blockquote>利息的最后一个输入是资本成本。在进行分析时，我估计资本成本为5.8%（当前10年利率为1.48，隐含ERP为4.54%）。然而，由于行业风险估计或业务组合的变化（或两者兼而有之），我可能是错误的。为了说明我在这条路上犯了一些错误的可能性，我将依赖对数正态分布，最有可能的情况是5.8%。模拟结果如下所示。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a7d51740fa35eb9aedbc58c4c49d96eb\" tg-width=\"640\" tg-height=\"235\"><span>Source:Author's estimates</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：作者估计</span></p></blockquote></p><p> By putting all of this together, the simulations return the following results.</p><p><blockquote>通过将所有这些放在一起，模拟返回以下结果。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/139c89300706eab1e37dd1c992286d31\" tg-width=\"640\" tg-height=\"222\"><span>Source:Author's estimates</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：作者估计</span></p></blockquote></p><p> For completeness, I also display below the relative and cumulative frequency of the simulation.</p><p><blockquote>为了完整起见，我还在下面显示了模拟的相对频率和累积频率。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/af7a908e21b8678a775a3e1742161a7d\" tg-width=\"573\" tg-height=\"644\"><span>Source:Author's estimates</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：作者估计</span></p></blockquote></p><p> By looking at the results, we can see that the 50th percentile or the median is equal to $3274, close to the expected DCF FV of $3328. While the algorithm-adjusted FV of $3576 is the 60th percentile in my simulations (note also the long right tail).</p><p><blockquote>通过查看结果，我们可以看到第50百分位或中位数等于3274美元，接近预期的DCF FV 3328美元。而算法调整后的FV为3576美元，是我模拟中的第60百分位（也请注意右尾长）。</blockquote></p><p></p><p> Finally, simulation results give us an interesting insight into a potential exit point. I believe that an interesting take profit point may be within the 80th percentile, which implies a potential upside of 24.89%. Why within the 80th percentile? I believe that, after reaching the $2.0 trillion company status, we will see the last climb of euphoria before investors start to take profits.</p><p><blockquote>最后，模拟结果让我们对潜在的退出点有了有趣的了解。我认为一个有趣的止盈点可能在第80百分位内，这意味着24.89%的潜在上涨空间。为什么在第80百分位以内？我相信，在达到2.0万亿美元的公司地位后，我们将看到投资者开始获利了结之前最后一次兴奋的攀升。</blockquote></p><p> <b>Final Thoughts</b></p><p><blockquote><b>最后的想法</b></blockquote></p><p> Both the algorithm-adjusted fair value and the Monte Carlo simulation suggest and support the bullish rating. The results found suggest that the stock is currently undervalued and that the company has still more room to go. What may drive the price to go higher? Well, there are different factors that may drive it. One of those is for sure corporate news. For instance, the company may introduce new products or announce a stock split (For the latter, I think this is unlikely, at least not now). However, don't forget also the other side, the risks. There are many risks associated with being invested in the company, one of those is represented by antitrust and regulators.</p><p><blockquote>算法调整后的公允价值和蒙特卡罗模拟都建议并支持看涨评级。结果表明，该股目前被低估，该公司仍有更大的发展空间。什么可能会推动价格走高？嗯，有不同的因素可能会驱动它。其中之一肯定是企业新闻。例如，公司可能会推出新产品或宣布股票分割（对于后者，我认为这不太可能，至少现在不太可能）。然而，也不要忘记另一面，风险。投资该公司存在许多风险，其中之一就是反垄断和监管机构。</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>Amazon: Undervalued With Potential Upside Of 25%<blockquote>亚马逊：被低估，潜在上涨空间为25%</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\">\nAmazon: Undervalued With Potential Upside Of 25%<blockquote>亚马逊：被低估，潜在上涨空间为25%</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">seekingalpha</strong><span class=\"h-time small\">2021-07-01 18:02</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>Amazon is a unique and growing company that uses its disruptive platform to disrupt any new business it enters.</li>  <li>I initiate Amazon with a bullish rating and a fair value of $3576/share (vs. the current price of $3443/share).</li>  <li>The company's improving top line and bottom line performance (which is expected to continue) suggests that the stock is currently undervalued by 3.9%.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/51ce52baed5afae04a384059297465d3\" tg-width=\"1536\" tg-height=\"1024\"><span>Daria Nipot/iStock Editorial via Getty Images</span></p><p><blockquote><ul><li>亚马逊是一家独特且不断发展的公司，它利用其颠覆性平台来颠覆其进入的任何新业务。</li><li>我对亚马逊的评级为看涨，公允价值为3576美元/股（当前价格为3443美元/股）。</li><li>该公司营收和利润业绩的改善（预计将持续下去）表明该股目前被低估了3.9%。</li></ul><p class=\"t-img-caption\"><span>Daria Nipot/iStock社论来自Getty Images</span></p></blockquote></p><p> <b>Company Overview</b></p><p><blockquote><b>公司概况</b></blockquote></p><p> Amazon(NASDAQ:AMZN), a $1.74 trillion company. This is the current market capitalization (as of 06/29/2021) of the company and this implies that it is currently 15.18% away from being a $2 trillion company, not bad no?</p><p><blockquote>亚马逊（纳斯达克股票代码：AMZN），一家市值1.74万亿美元的公司。这是该公司目前的市值（截至2021年6月29日），这意味着它目前距离成为2万亿美元的公司还有15.18%的距离，还不错吧？</blockquote></p><p> Amazon is a unique and growing company that uses its disruptive platform to disrupt any new business it enters. For example, when Amazon announced the acquisition of Whole Foods, Walmart(NYSE:WMT), Kroger(NYSE:KR), Target(NYSE:TGT)took a&nbsp;nice hit&nbsp;in market value. I believe that the company will be able to keep delivering strong top line growth and continued growth in margins, fueled not only by the company's current business expansion but also by entering into new markets and new businesses.</p><p><blockquote>亚马逊是一家独特且不断发展的公司，它利用其颠覆性平台来颠覆其进入的任何新业务。例如，当亚马逊宣布收购全食超市时，沃尔玛（纽约证券交易所代码：WMT）、克罗格（纽约证券交易所代码：KR）、塔吉特（纽约证券交易所代码：TGT）的市值遭受了巨大打击。我相信，公司将能够继续实现强劲的营收增长和利润率的持续增长，这不仅得益于公司当前的业务扩张，还得益于进入新市场和新业务。</blockquote></p><p> <b>Company Analysis</b></p><p><blockquote><b>公司分析</b></blockquote></p><p> I initiate Amazon with a bullish rating and a fair value of $3576/share (vs. the current price of $3443/share). The FV is an algorithm-adjusted fair value (the algorithm takes into account fundamental and technical factors, such as DCF FV, momentum, etc.) and it implies that the stock is undervalued by 3.9%.</p><p><blockquote>我对亚马逊的评级为看涨，公允价值为3576美元/股（当前价格为3443美元/股）。FV是算法调整后的公允价值（算法考虑了基本面和技术因素，如DCF FV、动量等。）它意味着股票被低估了3.9%。</blockquote></p><p> To compute the DCF FV, I used the trailing twelve-month numbers and I also restated the financials since I capitalized on R&amp;D expenses with an amortizable life of 3 years. As&nbsp;with Apple(NASDAQ:AAPL), I don't believe that Amazon's R&amp;D is an operating expense, and for this reason, I treat it as CapEx. By taking into account the R&amp;D, the following metrics have been restated (all numbers in $mm).</p><p><blockquote>为了计算DCF FV，我使用了过去12个月的数据，并且我还重述了财务数据，因为我将可摊销期限为3年的研发费用资本化。与苹果（纳斯达克股票代码：AAPL）一样，我不认为亚马逊的研发是一项运营费用，因此，我将其视为资本支出。考虑到研发，以下指标已被重述（所有数字均以百万美元为单位）。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bb427d462596db1e1cb1ffc99acc90e4\" tg-width=\"571\" tg-height=\"240\"><span>Source:Author's estimates using data from the latest 10-K report</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：作者使用最新10-K报告数据进行的估计</span></p></blockquote></p><p> Capitalizing on R&amp;D expenses, we have now a more clear picture of the company (i.e. the restated operating margin is now 9.03% TTM vs the non-restated operating margin is 6.63% TTM).</p><p><blockquote>利用研发费用，我们现在对公司有了更清晰的了解（即重述营业利润率现在为9.03%TTM，而非重述营业利润率为6.63%TTM）。</blockquote></p><p> <b>Discounted Cash Flow Model</b></p><p><blockquote><b>折现现金流量模型</b></blockquote></p><p> Now, let's turn to the discounted cash flow valuation part. Below, you can see the results with the relative assumptions I have made.</p><p><blockquote>现在，让我们转向贴现现金流估值部分。下面，你可以看到我所做的相对假设的结果。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0e215b21ca0b3be5a5e0e7b62e36fb5f\" tg-width=\"640\" tg-height=\"268\"><span>Source:Author's estimates using data from the latest 10-K report</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：作者使用最新10-K报告数据进行的估计</span></p></blockquote></p><p> In my DCF model, I assume a revenue growth for the Y1 of 21.2%, a CAGR Y2-Y5 of 15% and I assume a terminal year growth rate of 1.48% (or the current yield on 10Y Treasury). The decision of using the current and not expected yield is due to the willingness to remain market neutral (perhaps you can use&nbsp;Goldman Sachs expectations&nbsp;of 1.9%). The current assumptions lead to revenues of $1,253,844 million in Y10.</p><p><blockquote>在我的DCF模型中，我假设Y1的收入增长率为21.2%，Y2-Y5的复合年增长率为15%，并假设最终年增长率为1.48%（或10年期国债的当前收益率）。使用当前而非预期收益率的决定是出于保持市场中性的意愿（或许可以使用高盛1.9%的预期）。目前的假设导致Y10的收入为12,538.44亿美元。</blockquote></p><p> Along the road, I also assume an improving outlook for operating margins with the target operating margin of 13.2% (vs current restated operating margin of 9.03%). If the company will be able to meet this target, it will result in operating margins in Y10 of $163,097 million.</p><p><blockquote>在此过程中，我还假设营业利润率前景有所改善，目标营业利润率为13.2%（当前重述营业利润率为9.03%）。如果公司能够实现这一目标，2010年的营业利润率将达到1630.97亿美元。</blockquote></p><p> Finally, in doing my estimates, I used a WACC of 5.75% and a sales to capital ratio (or how much the company is going to reinvest to keep its business growing) of 2.95.</p><p><blockquote>最后，在进行估计时，我使用了5.75%的WACC和2.95的销售资本比率（或公司将进行多少再投资以保持业务增长）。</blockquote></p><p> By putting it together, I obtain a DCF value of $3328/share.</p><p><blockquote>通过将它们放在一起，我获得了3328美元/股的DCF值。</blockquote></p><p> <b>Monte Carlo Simulation</b></p><p><blockquote><b>蒙特卡罗模拟</b></blockquote></p><p> Rather than showing you only my point estimates, which may be right but also may be wrong, let's use probability distributions for inputs. Simulations allow us to assess the impact of continuous risk (e.g., changes in operating margins). In particular, I would like to focus on what I consider the main inputs of interest to get a bigger picture of the risk in the company. Those inputs are:</p><p><blockquote>与其只向您展示我的点估计，这可能是正确的，也可能是错误的，让我们使用概率分布作为输入。模拟使我们能够评估持续风险的影响（例如，营业利润率的变化）。特别是，我想重点关注我认为感兴趣的主要输入，以更好地了解公司的风险。这些输入是：</blockquote></p><p> <i>1. Revenue Growth:</i></p><p><blockquote><i>1、营收增长：</i></blockquote></p><p></p><p> In my DCF analysis, I assumed an expected CAGR Y2-Y5 of 15% with lower rates going forward. This assumption lead to revenues in Y10 of $1,253,844 million. While it is a reasonable assumption, Amazon is full of surprises, and it may deliver a top line growth well above my expectations. In the latter, I see a possible scenario with a CAGR Y2-Y5 of 24%, resulting in Y10 revenues of $1,989,952 million. However, we all know that regulators represent a big risk for the company. According to&nbsp;WSJ sources, if the \"giant-tech bill\" will pass, the company may be forced to either split into two companies or spin off its private-label product businesses. This represents a big risk that may slow down Amazon's growth, which could translate into a growth rate of 6% (resulting in Y10 revenues of $764,723 million). To sum up, I will assume a uniform distribution with a maximum of 24% and a minimum of 6%. The results are displayed below (this simulation and the next one have been performed 10,000 times).</p><p><blockquote>在我的DCF分析中，我假设Y2-Y5的预期复合年增长率为15%，未来利率较低。这一假设导致2010年的收入为125,384.4亿美元。虽然这是一个合理的假设，但亚马逊充满了惊喜，它可能会实现远高于我预期的营收增长。在后者中，我认为CAGR Y2-Y5为24%，导致Y10收入为1,9899.52亿美元。然而，我们都知道监管机构对公司来说是一个很大的风险。据《华尔街日报》消息人士透露，如果“巨人科技法案”获得通过，该公司可能会被迫拆分为两家公司或剥离其自有品牌产品业务。这是一个很大的风险，可能会减缓亚马逊的增长，这可能会转化为6%的增长率（导致Y10收入为7647.23亿美元）。综上所述，我将假设最大24%，最小6%的均匀分布。结果如下所示（该模拟和下一个模拟已经执行了10,000次）。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/893dff753c8ca210759feb31b3966a5c\" tg-width=\"640\" tg-height=\"235\"><span>Source:Author's estimates</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：作者估计</span></p></blockquote></p><p> <i>2. Operating Margin</i>:</p><p><blockquote><i>2.营业利润率</i>：</blockquote></p><p> Currently, Amazon has a restated operating margin of 9.03% TTM (vs not restated EBIT margin of 6.83%). In my DCF, I assumed a target operating margin of 13.2%. While this represents my most likely scenario for the company, I cannot close my eyes to the fact that, even if the company is improving its margins, it is following a very slow climb. Below, I display the non-restated EBIT margin for the last 5 years.</p><p><blockquote>目前，亚马逊的TTM重述营业利润率为9.03%（未重述息税前利润率为6.83%）。在我的DCF中，我假设目标营业利润率为13.2%。虽然这代表了我对该公司最有可能的情况，但我不能忽视这样一个事实：即使该公司的利润率正在提高，但它的攀升速度也非常缓慢。下面，我显示了过去5年未经重述的息税前利润率。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6d66fcb05f4254b15de278f016121ffa\" tg-width=\"640\" tg-height=\"221\"><span>Source:SeekingAlpha.com</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：SeekingAlpha.com</span></p></blockquote></p><p> However, as I stated at the beginning, Amazon is a disruptive company with the ability to do extraordinary things. For instance, AWS presents a current operating margin of 30% TTM and a revenue growth rate of 29.53% in 2020. A trend which is expected to continue, driven by improving outlook and with new partners joining the party. The last to join the party are Ferrari(NYSE:RACE)and Swisscom(OTCPK:SWZCF)who have chosen AWS as their&nbsp;preferred cloud partner.</p><p><blockquote>不过，正如我开头所说，亚马逊是一家颠覆性的公司，有能力做非凡的事情。例如，AWS目前的营业利润率为30%TTM，2020年收入增长率为29.53%。由于前景改善以及有新伙伴加入党，这一趋势有望持续。最后一个加入派对的是法拉利（纽约证券交易所代码：RACE）和瑞士电信（OTCPK代码：SWZCF），他们选择AWS作为首选的云合作伙伴。</blockquote></p><p> In 2020,according to Gartner, AWS generated revenue 2 times bigger than Microsoft(NASDAQ:MSFT). As stated by Gartner:</p><p><blockquote>根据Gartner的数据，2020年AWS的收入是微软（纳斯达克：MSFT）的2倍。如Gartner所述：</blockquote></p><p>   <i>The worldwide</i>&nbsp;  <i>infrastructure as a service(IaaS) market grew 40.7% in 2020 to total $64.3 billion, up from $45.7 billion in 2019, according to Gartner, Inc. Amazon retained the No. 1 position in the IaaS market in 2020, followed by Microsoft, Alibaba, Google and Huawei... Amazon continued to lead the worldwide IaaS market with $26.2 billion of revenue in 2020 and 41% market share.</i>  <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ac00a17cbbd930ad6464a63f6d4f98eb\" tg-width=\"640\" tg-height=\"388\"><span>Source:Gartner.com</span></p><p><blockquote><i>世界范围</i> <i>根据Gartner，Inc.的数据，基础设施即服务（IaaS）市场在2020年增长了40.7%，达到643亿美元，高于2019年的457亿美元。亚马逊在2020年保持了IaaS市场的第一名，其次是微软、阿里巴巴-SW、谷歌和华为...亚马逊在2020年以262亿美元的收入和41%的市场份额继续引领全球IaaS市场。</i><p class=\"t-img-caption\"><span>资料来源：Gartner.com</span></p></blockquote></p><p> Finally, to account for my concerns and beliefs, I will assume a triangular distribution with the following limits: the likeliest target operating margin of 13.2%, a maximum of 18.4%, and a minimum of 8% (close to the current company's EBIT margin). The results are displayed below.</p><p><blockquote>最后，为了说明我的担忧和信念，我将假设一个三角形分布，并有以下限制：最可能的目标营业利润率为13.2%，最高为18.4%，最低为8%（接近当前公司的息税前利润率）。结果如下所示。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/054e2db392be500768de741516186013\" tg-width=\"640\" tg-height=\"237\"><span>Source:Author's estimates</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：作者估计</span></p></blockquote></p><p> <i>3. Cost of Capital:</i></p><p><blockquote><i>3.资金成本：</i></blockquote></p><p> The last input of interest is the cost of capital. In doing my analysis, I estimated a cost of capital of 5.8% (with the current 10Y rate of 1.48 and an implied ERP of 4.54%). However, I may be wrong due to sector risk estimates or changes in the business mix (or both). To account for the possibility that I made some mistakes along the road, I will rely on a lognormal distribution with the most likely scenario of 5.8%. The results of the simulation are displayed below.</p><p><blockquote>利息的最后一个输入是资本成本。在进行分析时，我估计资本成本为5.8%（当前10年利率为1.48，隐含ERP为4.54%）。然而，由于行业风险估计或业务组合的变化（或两者兼而有之），我可能是错误的。为了说明我在这条路上犯了一些错误的可能性，我将依赖对数正态分布，最有可能的情况是5.8%。模拟结果如下所示。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a7d51740fa35eb9aedbc58c4c49d96eb\" tg-width=\"640\" tg-height=\"235\"><span>Source:Author's estimates</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：作者估计</span></p></blockquote></p><p> By putting all of this together, the simulations return the following results.</p><p><blockquote>通过将所有这些放在一起，模拟返回以下结果。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/139c89300706eab1e37dd1c992286d31\" tg-width=\"640\" tg-height=\"222\"><span>Source:Author's estimates</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：作者估计</span></p></blockquote></p><p> For completeness, I also display below the relative and cumulative frequency of the simulation.</p><p><blockquote>为了完整起见，我还在下面显示了模拟的相对频率和累积频率。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/af7a908e21b8678a775a3e1742161a7d\" tg-width=\"573\" tg-height=\"644\"><span>Source:Author's estimates</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：作者估计</span></p></blockquote></p><p> By looking at the results, we can see that the 50th percentile or the median is equal to $3274, close to the expected DCF FV of $3328. While the algorithm-adjusted FV of $3576 is the 60th percentile in my simulations (note also the long right tail).</p><p><blockquote>通过查看结果，我们可以看到第50百分位或中位数等于3274美元，接近预期的DCF FV 3328美元。而算法调整后的FV为3576美元，是我模拟中的第60百分位（也请注意右尾长）。</blockquote></p><p></p><p> Finally, simulation results give us an interesting insight into a potential exit point. I believe that an interesting take profit point may be within the 80th percentile, which implies a potential upside of 24.89%. Why within the 80th percentile? I believe that, after reaching the $2.0 trillion company status, we will see the last climb of euphoria before investors start to take profits.</p><p><blockquote>最后，模拟结果让我们对潜在的退出点有了有趣的了解。我认为一个有趣的止盈点可能在第80百分位内，这意味着24.89%的潜在上涨空间。为什么在第80百分位以内？我相信，在达到2.0万亿美元的公司地位后，我们将看到投资者开始获利了结之前最后一次兴奋的攀升。</blockquote></p><p> <b>Final Thoughts</b></p><p><blockquote><b>最后的想法</b></blockquote></p><p> Both the algorithm-adjusted fair value and the Monte Carlo simulation suggest and support the bullish rating. The results found suggest that the stock is currently undervalued and that the company has still more room to go. What may drive the price to go higher? Well, there are different factors that may drive it. One of those is for sure corporate news. For instance, the company may introduce new products or announce a stock split (For the latter, I think this is unlikely, at least not now). However, don't forget also the other side, the risks. There are many risks associated with being invested in the company, one of those is represented by antitrust and regulators.</p><p><blockquote>算法调整后的公允价值和蒙特卡罗模拟都建议并支持看涨评级。结果表明，该股目前被低估，该公司仍有更大的发展空间。什么可能会推动价格走高？嗯，有不同的因素可能会驱动它。其中之一肯定是企业新闻。例如，公司可能会推出新产品或宣布股票分割（对于后者，我认为这不太可能，至少现在不太可能）。然而，也不要忘记另一面，风险。投资该公司存在许多风险，其中之一就是反垄断和监管机构。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4437291-amazon-stock-amzn-undervalued-with-potential-upside-of-25-percent\">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":{"AMZN":"亚马逊"},"source_url":"https://seekingalpha.com/article/4437291-amazon-stock-amzn-undervalued-with-potential-upside-of-25-percent","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1113357649","content_text":"Summary\n\nAmazon is a unique and growing company that uses its disruptive platform to disrupt any new business it enters.\nI initiate Amazon with a bullish rating and a fair value of $3576/share (vs. the current price of $3443/share).\nThe company's improving top line and bottom line performance (which is expected to continue) suggests that the stock is currently undervalued by 3.9%.\n\nDaria Nipot/iStock Editorial via Getty Images\nCompany Overview\nAmazon(NASDAQ:AMZN), a $1.74 trillion company. This is the current market capitalization (as of 06/29/2021) of the company and this implies that it is currently 15.18% away from being a $2 trillion company, not bad no?\nAmazon is a unique and growing company that uses its disruptive platform to disrupt any new business it enters. For example, when Amazon announced the acquisition of Whole Foods, Walmart(NYSE:WMT), Kroger(NYSE:KR), Target(NYSE:TGT)took a nice hit in market value. I believe that the company will be able to keep delivering strong top line growth and continued growth in margins, fueled not only by the company's current business expansion but also by entering into new markets and new businesses.\nCompany Analysis\nI initiate Amazon with a bullish rating and a fair value of $3576/share (vs. the current price of $3443/share). The FV is an algorithm-adjusted fair value (the algorithm takes into account fundamental and technical factors, such as DCF FV, momentum, etc.) and it implies that the stock is undervalued by 3.9%.\nTo compute the DCF FV, I used the trailing twelve-month numbers and I also restated the financials since I capitalized on R&D expenses with an amortizable life of 3 years. As with Apple(NASDAQ:AAPL), I don't believe that Amazon's R&D is an operating expense, and for this reason, I treat it as CapEx. By taking into account the R&D, the following metrics have been restated (all numbers in $mm).\nSource:Author's estimates using data from the latest 10-K report\nCapitalizing on R&D expenses, we have now a more clear picture of the company (i.e. the restated operating margin is now 9.03% TTM vs the non-restated operating margin is 6.63% TTM).\nDiscounted Cash Flow Model\nNow, let's turn to the discounted cash flow valuation part. Below, you can see the results with the relative assumptions I have made.\nSource:Author's estimates using data from the latest 10-K report\nIn my DCF model, I assume a revenue growth for the Y1 of 21.2%, a CAGR Y2-Y5 of 15% and I assume a terminal year growth rate of 1.48% (or the current yield on 10Y Treasury). The decision of using the current and not expected yield is due to the willingness to remain market neutral (perhaps you can use Goldman Sachs expectations of 1.9%). The current assumptions lead to revenues of $1,253,844 million in Y10.\nAlong the road, I also assume an improving outlook for operating margins with the target operating margin of 13.2% (vs current restated operating margin of 9.03%). If the company will be able to meet this target, it will result in operating margins in Y10 of $163,097 million.\nFinally, in doing my estimates, I used a WACC of 5.75% and a sales to capital ratio (or how much the company is going to reinvest to keep its business growing) of 2.95.\nBy putting it together, I obtain a DCF value of $3328/share.\nMonte Carlo Simulation\nRather than showing you only my point estimates, which may be right but also may be wrong, let's use probability distributions for inputs. Simulations allow us to assess the impact of continuous risk (e.g., changes in operating margins). In particular, I would like to focus on what I consider the main inputs of interest to get a bigger picture of the risk in the company. Those inputs are:\n1. Revenue Growth:\nIn my DCF analysis, I assumed an expected CAGR Y2-Y5 of 15% with lower rates going forward. This assumption lead to revenues in Y10 of $1,253,844 million. While it is a reasonable assumption, Amazon is full of surprises, and it may deliver a top line growth well above my expectations. In the latter, I see a possible scenario with a CAGR Y2-Y5 of 24%, resulting in Y10 revenues of $1,989,952 million. However, we all know that regulators represent a big risk for the company. According to WSJ sources, if the \"giant-tech bill\" will pass, the company may be forced to either split into two companies or spin off its private-label product businesses. This represents a big risk that may slow down Amazon's growth, which could translate into a growth rate of 6% (resulting in Y10 revenues of $764,723 million). To sum up, I will assume a uniform distribution with a maximum of 24% and a minimum of 6%. The results are displayed below (this simulation and the next one have been performed 10,000 times).\nSource:Author's estimates\n2. Operating Margin:\nCurrently, Amazon has a restated operating margin of 9.03% TTM (vs not restated EBIT margin of 6.83%). In my DCF, I assumed a target operating margin of 13.2%. While this represents my most likely scenario for the company, I cannot close my eyes to the fact that, even if the company is improving its margins, it is following a very slow climb. Below, I display the non-restated EBIT margin for the last 5 years.\nSource:SeekingAlpha.com\nHowever, as I stated at the beginning, Amazon is a disruptive company with the ability to do extraordinary things. For instance, AWS presents a current operating margin of 30% TTM and a revenue growth rate of 29.53% in 2020. A trend which is expected to continue, driven by improving outlook and with new partners joining the party. The last to join the party are Ferrari(NYSE:RACE)and Swisscom(OTCPK:SWZCF)who have chosen AWS as their preferred cloud partner.\nIn 2020,according to Gartner, AWS generated revenue 2 times bigger than Microsoft(NASDAQ:MSFT). As stated by Gartner:\n\nThe worldwide \n infrastructure as a service(IaaS) market grew 40.7% in 2020 to total $64.3 billion, up from $45.7 billion in 2019, according to Gartner, Inc. Amazon retained the No. 1 position in the IaaS market in 2020, followed by Microsoft, Alibaba, Google and Huawei... Amazon continued to lead the worldwide IaaS market with $26.2 billion of revenue in 2020 and 41% market share.\n\nSource:Gartner.com\nFinally, to account for my concerns and beliefs, I will assume a triangular distribution with the following limits: the likeliest target operating margin of 13.2%, a maximum of 18.4%, and a minimum of 8% (close to the current company's EBIT margin). The results are displayed below.\nSource:Author's estimates\n3. Cost of Capital:\nThe last input of interest is the cost of capital. In doing my analysis, I estimated a cost of capital of 5.8% (with the current 10Y rate of 1.48 and an implied ERP of 4.54%). However, I may be wrong due to sector risk estimates or changes in the business mix (or both). To account for the possibility that I made some mistakes along the road, I will rely on a lognormal distribution with the most likely scenario of 5.8%. The results of the simulation are displayed below.\nSource:Author's estimates\nBy putting all of this together, the simulations return the following results.\nSource:Author's estimates\nFor completeness, I also display below the relative and cumulative frequency of the simulation.\nSource:Author's estimates\nBy looking at the results, we can see that the 50th percentile or the median is equal to $3274, close to the expected DCF FV of $3328. While the algorithm-adjusted FV of $3576 is the 60th percentile in my simulations (note also the long right tail).\nFinally, simulation results give us an interesting insight into a potential exit point. I believe that an interesting take profit point may be within the 80th percentile, which implies a potential upside of 24.89%. Why within the 80th percentile? I believe that, after reaching the $2.0 trillion company status, we will see the last climb of euphoria before investors start to take profits.\nFinal Thoughts\nBoth the algorithm-adjusted fair value and the Monte Carlo simulation suggest and support the bullish rating. The results found suggest that the stock is currently undervalued and that the company has still more room to go. What may drive the price to go higher? Well, there are different factors that may drive it. One of those is for sure corporate news. For instance, the company may introduce new products or announce a stock split (For the latter, I think this is unlikely, at least not now). However, don't forget also the other side, the risks. There are many risks associated with being invested in the company, one of those is represented by antitrust and regulators.","news_type":1,"symbols_score_info":{"AMZN":0.9}},"isVote":1,"tweetType":1,"viewCount":1053,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":151430014,"gmtCreate":1625101553038,"gmtModify":1633944812395,"author":{"id":"3574891778837790","authorId":"3574891778837790","name":"DerekC","avatar":"https://static.tigerbbs.com/02824f1a06daf256b2ea13cc9eba6e85","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574891778837790","authorIdStr":"3574891778837790"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/151430014","repostId":"1123487269","repostType":4,"isVote":1,"tweetType":1,"viewCount":630,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":151497052,"gmtCreate":1625101508676,"gmtModify":1633944813354,"author":{"id":"3574891778837790","authorId":"3574891778837790","name":"DerekC","avatar":"https://static.tigerbbs.com/02824f1a06daf256b2ea13cc9eba6e85","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574891778837790","authorIdStr":"3574891778837790"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/151497052","repostId":"1123487269","repostType":4,"isVote":1,"tweetType":1,"viewCount":631,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":151494194,"gmtCreate":1625101468918,"gmtModify":1633944814067,"author":{"id":"3574891778837790","authorId":"3574891778837790","name":"DerekC","avatar":"https://static.tigerbbs.com/02824f1a06daf256b2ea13cc9eba6e85","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574891778837790","authorIdStr":"3574891778837790"},"themes":[],"htmlText":"Micron&nbsp;","listText":"Micron&nbsp;","text":"Micron","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/151494194","repostId":"2148431298","repostType":4,"isVote":1,"tweetType":1,"viewCount":653,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":153171805,"gmtCreate":1625015445507,"gmtModify":1633945849729,"author":{"id":"3574891778837790","authorId":"3574891778837790","name":"DerekC","avatar":"https://static.tigerbbs.com/02824f1a06daf256b2ea13cc9eba6e85","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574891778837790","authorIdStr":"3574891778837790"},"themes":[],"htmlText":"Another potential target tht would drew US attention?&nbsp;","listText":"Another potential target tht would drew US attention?&nbsp;","text":"Another potential target tht would drew US attention?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/153171805","repostId":"1198714523","repostType":2,"isVote":1,"tweetType":1,"viewCount":575,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":153147154,"gmtCreate":1625015288778,"gmtModify":1633945852996,"author":{"id":"3574891778837790","authorId":"3574891778837790","name":"DerekC","avatar":"https://static.tigerbbs.com/02824f1a06daf256b2ea13cc9eba6e85","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574891778837790","authorIdStr":"3574891778837790"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/153147154","repostId":"1100563900","repostType":2,"isVote":1,"tweetType":1,"viewCount":458,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":154822599,"gmtCreate":1625500157111,"gmtModify":1631890133389,"author":{"id":"3574891778837790","authorId":"3574891778837790","name":"DerekC","avatar":"https://static.tigerbbs.com/02824f1a06daf256b2ea13cc9eba6e85","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574891778837790","authorIdStr":"3574891778837790"},"themes":[],"htmlText":"Well","listText":"Well","text":"Well","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/154822599","repostId":"1166963826","repostType":4,"repost":{"id":"1166963826","kind":"news","pubTimestamp":1625486061,"share":"https://www.laohu8.com/m/news/1166963826?lang=zh_CN&edition=full","pubTime":"2021-07-05 19:54","market":"us","language":"en","title":"US IPO This Week: Just 2 IPOs scheduled for the shortened holiday week<blockquote>本周美国IPO：缩短的假期周仅安排2起IPO</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1166963826","media":"renaissancecap...","summary":"Following its busiest week in over a decade, the US IPO market is taking a breather after the holida","content":"<p>Following its busiest week in over a decade, the US IPO market is taking a breather after the holiday with just two IPOs scheduled for the shortened week ahead.</p><p><blockquote>在经历了十多年来最繁忙的一周后，美国IPO市场在假期后休息一下，在未来缩短的一周内仅安排了两起IPO。</blockquote></p><p> While the calendar is quiet at the moment, several companies are primed to launch, including luxury social club&nbsp;<b>Membership Collective Group</b>(MCG), Wahlberg-backed fitness franchise&nbsp;<b>F45 Training</b>(FXLV), database provider&nbsp;<b>Couchbase</b>(BASE), and consumer banking platform<b>BlendLabs</b>(BLND).</p><p><blockquote>虽然目前日程平静，但几家公司已准备好推出，其中包括豪华社交俱乐部<b>会员集体组</b>(MCG)，沃尔伯格支持的健身特许经营店<b>F45训练</b>(FXLV)，数据库提供商<b>沙发座</b>（基地）和消费银行平台<b>混合实验室</b>（BLND）。</blockquote></p><p> Chinese healthcare data company&nbsp;<b>LinkDoc Technology</b>(LDOC) plans to raise $200 million at a $1.5 billion market cap. This AI-driven healthcare technology company provides a data platform for patient care and clinical research, specifically within oncology. Unprofitable with strong growth, LinkDoc's platform has cumulatively cared for over 3.5 million patients and provided longitudinal care for over 2.5 million patients since 2015.</p><p><blockquote>中国医疗保健数据公司<b>LinkDoc技术</b>(LDOC)计划以15亿美元的市值筹集2亿美元。这家人工智能驱动的医疗保健技术公司为患者护理和临床研究提供了一个数据平台，特别是在肿瘤学领域。自2015年以来，LinkDoc的平台已累计护理了超过350万名患者，并为超过250万名患者提供了纵向护理。</blockquote></p><p> OTC-list&nbsp;<b>Minim</b>(MINM), which provides intelligent networking products and a WiFi as a Service platform, has not set terms but plans to begin trading in the week ahead.&nbsp;Minim has developed intelligent networking products and a WiFi as a Service platform that powers applications for businesses, service providers, and home users. The company's products can be found in retailers across the US and in over 100 Internet Service Providers broadband offerings.</p><p><blockquote>场外交易清单<b>Minim</b>（MINM）提供智能联网产品和WiFi即服务平台，尚未设定条款，但计划在未来一周开始交易。Minim开发了智能联网产品和WiFi即服务平台，为企业、服务提供商和家庭用户的应用程序提供支持。该公司的产品可以在美国各地的零售商和100多家互联网服务提供商的宽带产品中找到。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/003a0748043153c660ff267811776609\" tg-width=\"1421\" tg-height=\"362\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>","source":"lsy1619493174116","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>US IPO This Week: Just 2 IPOs scheduled for the shortened holiday week<blockquote>本周美国IPO：缩短的假期周仅安排2起IPO</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\">\nUS IPO This Week: Just 2 IPOs scheduled for the shortened holiday week<blockquote>本周美国IPO：缩短的假期周仅安排2起IPO</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">renaissancecap...</strong><span class=\"h-time small\">2021-07-05 19:54</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Following its busiest week in over a decade, the US IPO market is taking a breather after the holiday with just two IPOs scheduled for the shortened week ahead.</p><p><blockquote>在经历了十多年来最繁忙的一周后，美国IPO市场在假期后休息一下，在未来缩短的一周内仅安排了两起IPO。</blockquote></p><p> While the calendar is quiet at the moment, several companies are primed to launch, including luxury social club&nbsp;<b>Membership Collective Group</b>(MCG), Wahlberg-backed fitness franchise&nbsp;<b>F45 Training</b>(FXLV), database provider&nbsp;<b>Couchbase</b>(BASE), and consumer banking platform<b>BlendLabs</b>(BLND).</p><p><blockquote>虽然目前日程平静，但几家公司已准备好推出，其中包括豪华社交俱乐部<b>会员集体组</b>(MCG)，沃尔伯格支持的健身特许经营店<b>F45训练</b>(FXLV)，数据库提供商<b>沙发座</b>（基地）和消费银行平台<b>混合实验室</b>（BLND）。</blockquote></p><p> Chinese healthcare data company&nbsp;<b>LinkDoc Technology</b>(LDOC) plans to raise $200 million at a $1.5 billion market cap. This AI-driven healthcare technology company provides a data platform for patient care and clinical research, specifically within oncology. Unprofitable with strong growth, LinkDoc's platform has cumulatively cared for over 3.5 million patients and provided longitudinal care for over 2.5 million patients since 2015.</p><p><blockquote>中国医疗保健数据公司<b>LinkDoc技术</b>(LDOC)计划以15亿美元的市值筹集2亿美元。这家人工智能驱动的医疗保健技术公司为患者护理和临床研究提供了一个数据平台，特别是在肿瘤学领域。自2015年以来，LinkDoc的平台已累计护理了超过350万名患者，并为超过250万名患者提供了纵向护理。</blockquote></p><p> OTC-list&nbsp;<b>Minim</b>(MINM), which provides intelligent networking products and a WiFi as a Service platform, has not set terms but plans to begin trading in the week ahead.&nbsp;Minim has developed intelligent networking products and a WiFi as a Service platform that powers applications for businesses, service providers, and home users. The company's products can be found in retailers across the US and in over 100 Internet Service Providers broadband offerings.</p><p><blockquote>场外交易清单<b>Minim</b>（MINM）提供智能联网产品和WiFi即服务平台，尚未设定条款，但计划在未来一周开始交易。Minim开发了智能联网产品和WiFi即服务平台，为企业、服务提供商和家庭用户的应用程序提供支持。该公司的产品可以在美国各地的零售商和100多家互联网服务提供商的宽带产品中找到。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/003a0748043153c660ff267811776609\" tg-width=\"1421\" tg-height=\"362\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.renaissancecapital.com/IPO-Center/News/83625/US-IPO-Week-Ahead-Just-2-IPOs-scheduled-for-the-shortened-holiday-week\">renaissancecap...</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.renaissancecapital.com/IPO-Center/News/83625/US-IPO-Week-Ahead-Just-2-IPOs-scheduled-for-the-shortened-holiday-week","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1166963826","content_text":"Following its busiest week in over a decade, the US IPO market is taking a breather after the holiday with just two IPOs scheduled for the shortened week ahead.\nWhile the calendar is quiet at the moment, several companies are primed to launch, including luxury social club Membership Collective Group(MCG), Wahlberg-backed fitness franchise F45 Training(FXLV), database provider Couchbase(BASE), and consumer banking platformBlendLabs(BLND).\nChinese healthcare data company LinkDoc Technology(LDOC) plans to raise $200 million at a $1.5 billion market cap. This AI-driven healthcare technology company provides a data platform for patient care and clinical research, specifically within oncology. Unprofitable with strong growth, LinkDoc's platform has cumulatively cared for over 3.5 million patients and provided longitudinal care for over 2.5 million patients since 2015.\nOTC-list Minim(MINM), which provides intelligent networking products and a WiFi as a Service platform, has not set terms but plans to begin trading in the week ahead. Minim has developed intelligent networking products and a WiFi as a Service platform that powers applications for businesses, service providers, and home users. The company's products can be found in retailers across the US and in over 100 Internet Service Providers broadband offerings.","news_type":1,"symbols_score_info":{"LDOC":0.9,"MINM":0.9}},"isVote":1,"tweetType":1,"viewCount":1531,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":144113600,"gmtCreate":1626271377800,"gmtModify":1631890133332,"author":{"id":"3574891778837790","authorId":"3574891778837790","name":"DerekC","avatar":"https://static.tigerbbs.com/02824f1a06daf256b2ea13cc9eba6e85","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574891778837790","authorIdStr":"3574891778837790"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/144113600","repostId":"1109822941","repostType":4,"repost":{"id":"1109822941","kind":"news","pubTimestamp":1626271170,"share":"https://www.laohu8.com/m/news/1109822941?lang=zh_CN&edition=full","pubTime":"2021-07-14 21:59","market":"us","language":"en","title":"Apple at Fresh Record High on iPhone Production Boost Report, JPMorgan Upgrade<blockquote>苹果因iPhone产量增长报告和摩根大通升级而创下历史新高</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1109822941","media":"Thestreet","summary":"Apple shares jumped to a fresh record high Wednesday following a report that the iPhone maker has asked suppliers to boost production by as much as 20% this year as it looks to meet improving customer demand.Bloomberg reported Wednesday that Apple is looking to build 90 million next-generation iPhones this year, with the world's biggest tech company expected to get a boost from the launch of new 5G handsets later this year. Earlier this month, Apple's main rival, Samsung Electronics, saidJune qu","content":"<p>Apple&nbsp;shares jumped to a fresh record high Wednesday following a report that the iPhone maker has asked suppliers to boost production by as much as 20% this year as it looks to meet improving customer demand.</p><p><blockquote>苹果股价周三跃升至历史新高，此前有报道称，这家iPhone制造商已要求供应商今年将产量提高20%，以满足不断改善的客户需求。</blockquote></p><p> Bloomberg reported Wednesday that Apple is looking to build 90 million next-generation iPhones this year, with the world's biggest tech company expected to get a boost from the launch of new 5G handsets later this year. Earlier this month, Apple's main rival, Samsung Electronics,&nbsp;saidJune quarter profits are likely to rise by 53% from last yearto 12.5 trillion won ($11 billion).</p><p><blockquote>彭博社周三报道称，苹果计划今年生产9000万部下一代iPhone，这家全球最大的科技公司预计将从今年晚些时候推出的新款5G手机中获得提振。本月早些时候，苹果的主要竞争对手三星电子表示，6月份季度利润可能比去年增长53%，达到12.5万亿韩元（110亿美元）。</blockquote></p><p> Shares were also buoyed by an upgrade at JPMorgan, which added the stock to its 'analyst focus list' as&nbsp;Samik Chatterjee&nbsp;boosted his price target by $5 to $175 each.</p><p><blockquote>摩根大通的评级上调也提振了股价，摩根大通将该股添加到“分析师关注名单”中，Samik Chatterjee将其目标价提高了5美元，至每股175美元。</blockquote></p><p> \"We are adding Apple shares to the Analyst Focus List as a Growth idea as data points supporting our recently highlighted favorable view on the shares continue to trickle in, including upside revision to iPhone 12 build estimates by Apple Supply Chain analyst, William Yang, as well as continued strength in sales of Mac devices,\" Chatterjee wrote. \"While the above drivers lead to an increase in our near-term forecasts, the recent momentum led by better market share, drives us to also estimate higher sustainable volumes in future quarters, leading us to see a path to Apple outperforming investor expectations over a longer time horizon rather than just the upcoming earnings print.\"</p><p><blockquote>Chatterjee写道：“随着支持我们最近强调的对该股有利看法的数据点不断涌入，包括苹果供应链分析师William Yang对iPhone 12产量预期的向上修正，我们将苹果股票作为增长理念添加到分析师关注名单中。以及Mac设备销售的持续强劲。”“虽然上述驱动因素导致我们的近期预测增加，但近期由更好的市场份额带动的势头也促使我们估计未来几个季度的可持续销量会更高，这使我们看到苹果的表现将超出投资者预期更长的时间范围，而不仅仅是即将发布的收益报告。”</blockquote></p><p> Apple shares were marked 2.1% higher in early trading Wednesday to change hands at $148.71 each, just shy of the intra-day record high of $148.96 it hit at the opening bell.</p><p><blockquote>苹果股价周三早盘上涨2.1%，至每股148.71美元，略低于开盘时创下的148.96美元的盘中历史新高。</blockquote></p><p> Apple is set to report its third quarter earnings on July 27, with CFO Luca Maestri cautioning investors in late April that the group is likely to experience a \"steeper than usual\" sequential revenue decline thanks in part to supply constraints linked to the global semiconductor shortage following Street-blasting sales of nearly $90 billion for the three months ending in March.</p><p><blockquote>苹果将于7月27日公布第三季度收益，首席财务官卢卡·马埃斯特里(Luca Maestri)在4月底警告投资者，该集团可能会经历“比平常更严重”的收入环比下降，部分原因是与全球半导体相关的供应限制。截至3月份的三个月，街头销售额接近900亿美元，导致短缺。</blockquote></p><p> Apple said iPhone revenues rose 65% from last year to $47.94 billion, well ahead of the $41.7 billion Street forecast, thanks to what CEO Tim Cook called \"strong demand for the iPhone 12 family\".</p><p><blockquote>苹果表示，得益于首席执行官Tim Cook所说的“对iPhone 12系列的强劲需求”，iPhone营收较去年增长65%至479.4亿美元，远高于华尔街预测的417亿美元。</blockquote></p><p> Greater China revenues, Apple said, rose 88% from last year's pandemic trough to $17.728 billion, while overall services revenues rose 26.6% to $16.9 billion.</p><p><blockquote>苹果表示，大中华区收入较去年疫情低谷增长88%，达到177.28亿美元，而整体服务收入增长26.6%，达到169亿美元。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple at Fresh Record High on iPhone Production Boost Report, JPMorgan Upgrade<blockquote>苹果因iPhone产量增长报告和摩根大通升级而创下历史新高</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\">\nApple at Fresh Record High on iPhone Production Boost Report, JPMorgan Upgrade<blockquote>苹果因iPhone产量增长报告和摩根大通升级而创下历史新高</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Thestreet</strong><span class=\"h-time small\">2021-07-14 21:59</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Apple&nbsp;shares jumped to a fresh record high Wednesday following a report that the iPhone maker has asked suppliers to boost production by as much as 20% this year as it looks to meet improving customer demand.</p><p><blockquote>苹果股价周三跃升至历史新高，此前有报道称，这家iPhone制造商已要求供应商今年将产量提高20%，以满足不断改善的客户需求。</blockquote></p><p> Bloomberg reported Wednesday that Apple is looking to build 90 million next-generation iPhones this year, with the world's biggest tech company expected to get a boost from the launch of new 5G handsets later this year. Earlier this month, Apple's main rival, Samsung Electronics,&nbsp;saidJune quarter profits are likely to rise by 53% from last yearto 12.5 trillion won ($11 billion).</p><p><blockquote>彭博社周三报道称，苹果计划今年生产9000万部下一代iPhone，这家全球最大的科技公司预计将从今年晚些时候推出的新款5G手机中获得提振。本月早些时候，苹果的主要竞争对手三星电子表示，6月份季度利润可能比去年增长53%，达到12.5万亿韩元（110亿美元）。</blockquote></p><p> Shares were also buoyed by an upgrade at JPMorgan, which added the stock to its 'analyst focus list' as&nbsp;Samik Chatterjee&nbsp;boosted his price target by $5 to $175 each.</p><p><blockquote>摩根大通的评级上调也提振了股价，摩根大通将该股添加到“分析师关注名单”中，Samik Chatterjee将其目标价提高了5美元，至每股175美元。</blockquote></p><p> \"We are adding Apple shares to the Analyst Focus List as a Growth idea as data points supporting our recently highlighted favorable view on the shares continue to trickle in, including upside revision to iPhone 12 build estimates by Apple Supply Chain analyst, William Yang, as well as continued strength in sales of Mac devices,\" Chatterjee wrote. \"While the above drivers lead to an increase in our near-term forecasts, the recent momentum led by better market share, drives us to also estimate higher sustainable volumes in future quarters, leading us to see a path to Apple outperforming investor expectations over a longer time horizon rather than just the upcoming earnings print.\"</p><p><blockquote>Chatterjee写道：“随着支持我们最近强调的对该股有利看法的数据点不断涌入，包括苹果供应链分析师William Yang对iPhone 12产量预期的向上修正，我们将苹果股票作为增长理念添加到分析师关注名单中。以及Mac设备销售的持续强劲。”“虽然上述驱动因素导致我们的近期预测增加，但近期由更好的市场份额带动的势头也促使我们估计未来几个季度的可持续销量会更高，这使我们看到苹果的表现将超出投资者预期更长的时间范围，而不仅仅是即将发布的收益报告。”</blockquote></p><p> Apple shares were marked 2.1% higher in early trading Wednesday to change hands at $148.71 each, just shy of the intra-day record high of $148.96 it hit at the opening bell.</p><p><blockquote>苹果股价周三早盘上涨2.1%，至每股148.71美元，略低于开盘时创下的148.96美元的盘中历史新高。</blockquote></p><p> Apple is set to report its third quarter earnings on July 27, with CFO Luca Maestri cautioning investors in late April that the group is likely to experience a \"steeper than usual\" sequential revenue decline thanks in part to supply constraints linked to the global semiconductor shortage following Street-blasting sales of nearly $90 billion for the three months ending in March.</p><p><blockquote>苹果将于7月27日公布第三季度收益，首席财务官卢卡·马埃斯特里(Luca Maestri)在4月底警告投资者，该集团可能会经历“比平常更严重”的收入环比下降，部分原因是与全球半导体相关的供应限制。截至3月份的三个月，街头销售额接近900亿美元，导致短缺。</blockquote></p><p> Apple said iPhone revenues rose 65% from last year to $47.94 billion, well ahead of the $41.7 billion Street forecast, thanks to what CEO Tim Cook called \"strong demand for the iPhone 12 family\".</p><p><blockquote>苹果表示，得益于首席执行官Tim Cook所说的“对iPhone 12系列的强劲需求”，iPhone营收较去年增长65%至479.4亿美元，远高于华尔街预测的417亿美元。</blockquote></p><p> Greater China revenues, Apple said, rose 88% from last year's pandemic trough to $17.728 billion, while overall services revenues rose 26.6% to $16.9 billion.</p><p><blockquote>苹果表示，大中华区收入较去年疫情低谷增长88%，达到177.28亿美元，而整体服务收入增长26.6%，达到169亿美元。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.thestreet.com/investing/apple-jumps-on-iphone-production-boost-report-jpmorgan-upgrade\">Thestreet</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://www.thestreet.com/investing/apple-jumps-on-iphone-production-boost-report-jpmorgan-upgrade","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1109822941","content_text":"Apple shares jumped to a fresh record high Wednesday following a report that the iPhone maker has asked suppliers to boost production by as much as 20% this year as it looks to meet improving customer demand.\nBloomberg reported Wednesday that Apple is looking to build 90 million next-generation iPhones this year, with the world's biggest tech company expected to get a boost from the launch of new 5G handsets later this year. Earlier this month, Apple's main rival, Samsung Electronics, saidJune quarter profits are likely to rise by 53% from last yearto 12.5 trillion won ($11 billion).\nShares were also buoyed by an upgrade at JPMorgan, which added the stock to its 'analyst focus list' as Samik Chatterjee boosted his price target by $5 to $175 each.\n\"We are adding Apple shares to the Analyst Focus List as a Growth idea as data points supporting our recently highlighted favorable view on the shares continue to trickle in, including upside revision to iPhone 12 build estimates by Apple Supply Chain analyst, William Yang, as well as continued strength in sales of Mac devices,\" Chatterjee wrote. \"While the above drivers lead to an increase in our near-term forecasts, the recent momentum led by better market share, drives us to also estimate higher sustainable volumes in future quarters, leading us to see a path to Apple outperforming investor expectations over a longer time horizon rather than just the upcoming earnings print.\"\nApple shares were marked 2.1% higher in early trading Wednesday to change hands at $148.71 each, just shy of the intra-day record high of $148.96 it hit at the opening bell.\nApple is set to report its third quarter earnings on July 27, with CFO Luca Maestri cautioning investors in late April that the group is likely to experience a \"steeper than usual\" sequential revenue decline thanks in part to supply constraints linked to the global semiconductor shortage following Street-blasting sales of nearly $90 billion for the three months ending in March.\nApple said iPhone revenues rose 65% from last year to $47.94 billion, well ahead of the $41.7 billion Street forecast, thanks to what CEO Tim Cook called \"strong demand for the iPhone 12 family\".\nGreater China revenues, Apple said, rose 88% from last year's pandemic trough to $17.728 billion, while overall services revenues rose 26.6% to $16.9 billion.","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":1530,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":143402788,"gmtCreate":1625806415844,"gmtModify":1631890133337,"author":{"id":"3574891778837790","authorId":"3574891778837790","name":"DerekC","avatar":"https://static.tigerbbs.com/02824f1a06daf256b2ea13cc9eba6e85","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574891778837790","authorIdStr":"3574891778837790"},"themes":[],"htmlText":"On hold, waiting for rainbow&nbsp;","listText":"On hold, waiting for rainbow&nbsp;","text":"On hold, waiting for rainbow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/143402788","repostId":"2150326565","repostType":2,"isVote":1,"tweetType":1,"viewCount":1674,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":156587882,"gmtCreate":1625230730446,"gmtModify":1633942313240,"author":{"id":"3574891778837790","authorId":"3574891778837790","name":"DerekC","avatar":"https://static.tigerbbs.com/02824f1a06daf256b2ea13cc9eba6e85","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574891778837790","authorIdStr":"3574891778837790"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/156587882","repostId":"1142786875","repostType":4,"isVote":1,"tweetType":1,"viewCount":594,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":146634143,"gmtCreate":1626074771682,"gmtModify":1631890133334,"author":{"id":"3574891778837790","authorId":"3574891778837790","name":"DerekC","avatar":"https://static.tigerbbs.com/02824f1a06daf256b2ea13cc9eba6e85","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574891778837790","authorIdStr":"3574891778837790"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/146634143","repostId":"1155038838","repostType":4,"isVote":1,"tweetType":1,"viewCount":3064,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":140734742,"gmtCreate":1625672594886,"gmtModify":1631890133361,"author":{"id":"3574891778837790","authorId":"3574891778837790","name":"DerekC","avatar":"https://static.tigerbbs.com/02824f1a06daf256b2ea13cc9eba6e85","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574891778837790","authorIdStr":"3574891778837790"},"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/140734742","repostId":"1140589344","repostType":2,"isVote":1,"tweetType":1,"viewCount":1211,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":155024956,"gmtCreate":1625364857875,"gmtModify":1633941258367,"author":{"id":"3574891778837790","authorId":"3574891778837790","name":"DerekC","avatar":"https://static.tigerbbs.com/02824f1a06daf256b2ea13cc9eba6e85","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574891778837790","authorIdStr":"3574891778837790"},"themes":[],"htmlText":"Hmmm","listText":"Hmmm","text":"Hmmm","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/155024956","repostId":"1189605893","repostType":4,"isVote":1,"tweetType":1,"viewCount":448,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":155025377,"gmtCreate":1625364824299,"gmtModify":1633941259440,"author":{"id":"3574891778837790","authorId":"3574891778837790","name":"DerekC","avatar":"https://static.tigerbbs.com/02824f1a06daf256b2ea13cc9eba6e85","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574891778837790","authorIdStr":"3574891778837790"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/155025377","repostId":"1192425829","repostType":4,"repost":{"id":"1192425829","kind":"news","pubTimestamp":1625362308,"share":"https://www.laohu8.com/m/news/1192425829?lang=zh_CN&edition=full","pubTime":"2021-07-04 09:31","market":"us","language":"en","title":"Second-Half 2021: Market Forecasts, Thoughts and Observations<blockquote>2021年下半年：市场预测、思考与观察</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1192425829","media":"The Street","summary":"The stock market has given us some incredible returns in the past year or two but there are some war","content":"<p>  The stock market has given us some incredible returns in the past year or two but there are some warning signs developing -- and one key date to keep an eye on.  The stock market, commodity markets and fixed-income markets have been on some wild rides the past 18 months. We penned 2021 forecast pieces back in January (read<b>here</b>and<b>here</b>), but a fresh look at things for the balance of the year seems like a good idea with commodity plays on the rise, oil prices coming on strong while other areas of the market are cooling.</p><p><blockquote>在过去的一两年里，股市给我们带来了一些令人难以置信的回报，但也出现了一些警告信号，还有一个需要关注的关键日期。过去18个月里，股市、大宗商品市场和固定收益市场都经历了一些疯狂的行情。我们早在1月份就撰写了2021年预测文章（阅读<b>在这里</b>和<b>在这里</b>），但随着大宗商品市场的上涨，油价走强，而市场其他领域正在降温，重新审视今年剩余时间的情况似乎是个好主意。</blockquote></p><p> Let's start our analysis with some monthly candlestick charts.</p><p><blockquote>让我们从一些月度烛台图开始我们的分析。</blockquote></p><p> <b>Candlestick AnalysisDow Jones Industrials</b></p><p><blockquote><b>烛台分析道琼斯工业指数</b></blockquote></p><p> In this monthly Japanese candlestick chart of the Dow Jones Industrial Average (DJIA), below, we can see that prices have made a huge rise over the past decade and a very sharp advance since March of 2020. Taking a little liberty in our methodology we can see an 8 to 10 record high advance since the 2020 pandemic low. Notice the slowing pace of the 12-month price momentum study in the lower panel.</p><p><blockquote>在下面道琼斯工业平均指数（道琼斯）的月度日本烛台图中，我们可以看到价格在过去十年中大幅上涨，自2020年3月以来涨幅非常大。在我们的方法上稍微自由一点，我们可以看到自2020年疫情低点以来，有8到10个历史新高的进展。请注意下图中12个月价格动量研究的步伐放缓。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/8c0c65a961cdf2a9b6bdba9757ca8c5d\" tg-width=\"720\" tg-height=\"510\" referrerpolicy=\"no-referrer\"><b>S&amp;P 500</b></p><p><blockquote><b>标普500</b></blockquote></p><p> In this monthly Japanese candlestick chart of the S&amp;P 500 Index (SPX) below, we can see another big advance over the past 10 years. The index made a sideways consolidation pattern in 2015-2016 around 2,000 to 2,200 and we have for most part doubled from there. I would not be surprised to see some significant profit-taking as the SPX approached 4,400. Momentum has been slowing here too.</p><p><blockquote>在下面的标普500指数（SPX）月度日本烛台图中，我们可以看到过去10年的另一次大幅上涨。该指数在2015-2016年在2,000点至2,200点附近形成了横向盘整模式，我们在很大程度上从那里翻了一番。当SPX接近4,400点时，看到一些重大获利了结，我不会感到惊讶。这里的势头也在放缓。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/72a594dc06dc6364a1f4432334018a95\" tg-width=\"720\" tg-height=\"510\" referrerpolicy=\"no-referrer\"><b>Nasdaq</b></p><p><blockquote><b>纳斯达克</b></blockquote></p><p> In this monthly Japanese candlestick chart of the Nasdaq, below, we can see that prices have doubled from their consolidation pattern in 2018 and 2019 in the 7,000 area. Prices have nearly tripled from their consolidation around 5,000 in 2015-2016. Yes, the momentum study is slowing.</p><p><blockquote>在下面的纳斯达克月度日本烛台图中，我们可以看到价格比2018年和2019年在7,000点区域的盘整模式翻了一番。价格较2015-2016年5,000点左右的盘整上涨了近两倍。是的，动量研究正在放缓。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/a32c8a3b8cbd6d84dc3c316188d0714c\" tg-width=\"720\" tg-height=\"510\" referrerpolicy=\"no-referrer\"><b>Russell 2000</b></p><p><blockquote><b>罗素2000</b></blockquote></p><p> In this monthly candlestick chart of the Russell 2000 index (RUT) we can see that prices have more than doubled from their March 2020 low. This could take your breath away. With the string of white candles and weakening momentum we want to be more cautious as we move forward in the third quarter.</p><p><blockquote>在这张罗素2000指数(RUT)的月度烛台图中，我们可以看到价格较2020年3月的低点上涨了一倍多。这会让你大吃一惊。随着一串白色蜡烛和势头减弱，我们希望在第三季度前进时更加谨慎。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/00e2eb68915aa7fe3a35df2b5cca4c7c\" tg-width=\"720\" tg-height=\"510\" referrerpolicy=\"no-referrer\">All these charts (above) show the 8 to 10 record high pattern so we should be on our guard for a top reversal pattern.</p><p><blockquote>所有这些图表（上图）都显示了8到10个创纪录的高点模式，因此我们应该警惕顶部反转模式。</blockquote></p><p> <b>Advance-Decline Analysis</b></p><p><blockquote><b>进退分析</b></blockquote></p><p> Now, let's turn our attention to the Advance-Decline line.</p><p><blockquote>现在，让我们把注意力转向涨跌线。</blockquote></p><p> <b>Dow Jones Industrials</b></p><p><blockquote><b>道琼斯工业指数</b></blockquote></p><p> In this daily candlestick chart of the DJIA, below, we show the Advance-Decline line which has been moving sideways since early May. This difference between the price action is a bearish divergence but the DJIA is a narrow average with only 30 stocks.</p><p><blockquote>在下面的道琼斯日线烛台图中，我们显示了自五月初以来一直横向移动的上涨-下跌线。价格走势之间的差异是看跌背离，但道琼斯是一个狭窄的平均值，只有30只股票。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/5af49f53b61d7234c47302a43ef8fc54\" tg-width=\"1000\" tg-height=\"622\" referrerpolicy=\"no-referrer\"><b>S&amp;P 500</b></p><p><blockquote><b>标普500</b></blockquote></p><p> In this chart of the S&amp;P 500 and its Advance-Decline line, below, we can see that prices and the Advance-Decline line are pointed up so a bearish divergence has not started.</p><p><blockquote>在下面这张标普500及其上涨-下跌线的图表中，我们可以看到价格和上涨-下跌线向上，因此看跌背离尚未开始。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/6f76b13060f5ac582155923264b7fb2f\" tg-width=\"1000\" tg-height=\"622\" referrerpolicy=\"no-referrer\"><b>Nasdaq</b></p><p><blockquote><b>纳斯达克</b></blockquote></p><p> In this chart of the Nasdaq, below, we can see a significant bearish divergence. The Nasdaq has been making new highs but the Advance-Decline line has been moving sideways to lower from February.</p><p><blockquote>在下面的纳斯达克图表中，我们可以看到显着的看跌背离。纳斯达克一直在创出新高，但涨跌幅线自二月份以来一直横向走低。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/c202ca833085d8ae21f804e01da1d20e\" tg-width=\"1000\" tg-height=\"622\" referrerpolicy=\"no-referrer\"><b>Nasdaq 100</b></p><p><blockquote><b>纳斯达克100</b></blockquote></p><p> In this chart of Nasdaq 100 and its Advance-Decline line, below, we see prices and the indicator going up together. No bearish divergence here.<img src=\"https://static.tigerbbs.com/02f49df814666506de6bd3a8f8cff358\" tg-width=\"1000\" tg-height=\"622\" referrerpolicy=\"no-referrer\"><b>Sectors</b></p><p><blockquote>在下面这张纳斯达克100指数及其涨跌幅线的图表中，我们看到价格和指标一起上涨。这里没有看跌背离。<b>部门</b></blockquote></p><p> The marketplace can be broken down into 11 sectors but I want to cover just part of the list today.<b>Energy</b>In this weekly candlestick chart of the (XLE) , the S&amp;P Energy sector ETF, below, we can see that prices have doubled from their pandemic low. Trading volume has been very heavy and the weekly On-Balance-Volume has been stalled the past four months. The 12-week price momentum study has been weakening for a bearish divergence.</p><p><blockquote>市场可以分为11个部分，但我今天只想介绍其中的一部分。<b>能源</b>在下面的标准普尔能源行业ETF(XLE)的周线烛台图中，我们可以看到价格较大流行低点翻了一番。过去四个月，交易量非常大，每周余额交易量停滞不前。12周价格动量研究因看跌背离而减弱。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/c6c7c0cb796bbdd57de9aba933c615ce\" tg-width=\"720\" tg-height=\"820\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p><p> Two energy names that could rally further in the third quarter are EOG Resources (EOG) and ConocoPhillips (COP) . Here are the charts.</p><p><blockquote>第三季度可能进一步上涨的两家能源公司是EOG Resources(EOG)和康菲石油公司(COP)。这是图表。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/7d2fc7721f85cac4b418a821156c714f\" tg-width=\"720\" tg-height=\"820\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/874820e1c1c54a567c399f5129e88676\" tg-width=\"720\" tg-height=\"820\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/fc072387bc975d38d92af5b6b3de16ac\" tg-width=\"720\" tg-height=\"820\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/8d2822d20c835ce4f4860d5eb45212cb\" tg-width=\"720\" tg-height=\"820\" referrerpolicy=\"no-referrer\"><b>Financials</b></p><p><blockquote><b>财务</b></blockquote></p><p> In this daily bar chart of the (XLF) ,&nbsp; the Financial sector ETF, below, we can see that prices have begun a topping phase. Prices have broken below the cresting 50-day moving average line. The On-Balance-Volume line has weakened from early June and the Moving Average Convergence Divergence (MACD) oscillator has fallen below the zero line for an outright sell signal.</p><p><blockquote>在下面金融板块ETF(XLF)的日线条形图中，我们可以看到价格已经开始见顶阶段。价格已跌破50日移动平均线。自6月初以来，平衡成交量线已走弱，移动平均线收敛背离(MACD)振荡器已跌破零线，发出直接卖出信号。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/bddfbb55fad602b4a29ff4ef1ba47e0f\" tg-width=\"720\" tg-height=\"820\" referrerpolicy=\"no-referrer\"><b>Technology</b></p><p><blockquote><b>技术</b></blockquote></p><p> In this weekly Japanese candlestick chart of the (XLK) , the Technology sector ETF, below, we can see that prices have more than doubled from their pandemic low. The trading volume has diminished since March 2020 and the weekly On-Balance-Volume line has been stuck in a sideways trend for the past 12 months. The 12-week price momentum study in the bottom panel shows lower highs being made the past year. This is a significant bearish divergence.</p><p><blockquote>在下面的科技行业ETF(XLK)的每周日本烛台图中，我们可以看到价格较大流行低点上涨了一倍多。自2020年3月以来，交易量一直在减少，每周平衡交易量线在过去12个月中一直处于横盘趋势。底部面板中的12周价格动量研究显示，过去一年的高点较低。这是一个显着的看跌背离。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/c9d9a652c4c72b421556bfbd90dd8d44\" tg-width=\"720\" tg-height=\"820\" referrerpolicy=\"no-referrer\"><b>Industrials</b></p><p><blockquote><b>工业</b></blockquote></p><p> In this daily bar chart of the (XLI) &nbsp;, the Industrial sector ETF, below, we can see a weakening picture. Prices have slipped below the cresting 50-day moving average line. The On-Balance-Volume line has weakened the past two months and the MACD oscillator is below the zero line in sell territory.</p><p><blockquote>在下面工业板块ETF(XLI)的日线条形图中，我们可以看到疲软的情况。价格已跌破50日移动平均线。在过去的两个月里，平衡成交量线已经走弱，MACD振荡指标低于卖出区域的零线。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/47838029e80d6b87a83abb9f1352bdaf\" tg-width=\"720\" tg-height=\"820\" referrerpolicy=\"no-referrer\"><b>Bonds</b></p><p><blockquote><b>债券</b></blockquote></p><p> In this daily Point and Figure chart of the (TLT) , the iShares 20+ year Treasury Bond ETF, below, we can see a potential upside price target in the $165 area.</p><p><blockquote>在下面的iShares 20+年期国债ETF(TLT)的每日点数图中，我们可以看到165美元区域的潜在上行目标价。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/587f7bae63415985c849540d27b7ffaa\" tg-width=\"1000\" tg-height=\"992\" referrerpolicy=\"no-referrer\"><b>U.S. Dollar</b></p><p><blockquote><b>美元</b></blockquote></p><p> In this daily Japanese candlestick chart of the U.S. Dollar Index (DXY) we can see that prices have stopped short of a test of its late March/early April highs. DXY could make a slow drift downward to retest its May lows.</p><p><blockquote>在美元指数（DXY）的每日日本烛台图中，我们可以看到价格已经停止测试3月底/4月初的高点。DXY可能会缓慢向下漂移，重新测试5月份的低点。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/c086d11fb1d31f2710dc3752d158a2e7\" tg-width=\"720\" tg-height=\"510\" referrerpolicy=\"no-referrer\"><b>Mark Your Calendars</b></p><p><blockquote><b>标记您的日历</b></blockquote></p><p> A technical service that I have been using since the mid-1990s (www.pfr.com) is anticipating a large-scale \"trend change\" on or about Aug. 2 and this bears watching. This could mark the start of perhaps a 10% correction in the major averages. The next trend change is anticipated for late October, which could be the start of a year-end rally. We want to pay closer attention to the advance-decline numbers and price action as we approach Aug. 2.</p><p><blockquote>我自20世纪90年代中期以来一直使用的一项技术服务(www.pfr.com)预计8月2日左右将出现大规模“趋势变化”，这值得关注。这可能标志着主要平均指数可能出现10%的回调。下一次趋势变化预计将在10月下旬，这可能是年底反弹的开始。随着8月2日的临近，我们希望密切关注涨跌数据和价格走势。</blockquote></p><p> <b>Sentiment</b></p><p><blockquote><b>情绪</b></blockquote></p><p> No discussion about the stock market would be complete without some discussion of sentiment. There are plenty of \"signs\" of the stock market being out over its skis.</p><p><blockquote>如果不讨论情绪，任何关于股市的讨论都是不完整的。有很多“迹象”表明股市正在下滑。</blockquote></p><p> I see a number of market letters and commentary from fellow technical analysts and they are all bullish. I get emails from Real Money subscribers asking about this stock or that stock and I have two observations:</p><p><blockquote>我看到了许多来自其他技术分析师的市场信件和评论，他们都是看涨的。我收到来自Real Money订阅者的电子邮件，询问这只股票或那只股票，我有两个观察结果：</blockquote></p><p> 1. The names they are asking about seem to be more speculative in nature. I cannot remember the last time someone emailed me about a boring utility stock.</p><p><blockquote>1.他们询问的名字似乎更具投机性质。我不记得上次有人给我发电子邮件询问无聊的公用事业股票是什么时候了。</blockquote></p><p> 2. The second thing that has struck me about the emails is the failure to recognize risk. Everyone wants to know the next highest price target but they never ask about where to move a stop up.</p><p><blockquote>2.电子邮件给我留下深刻印象的第二件事是没有认识到风险。每个人都想知道下一个最高价格目标，但他们从不问在哪里移动止损。</blockquote></p><p> Sentiment is not a precise indicator and much of it is anecdotal in nature and hard to quantify. The anticipated Robinhood IPO could mark a turning point.</p><p><blockquote>情绪不是一个精确的指标，其中大部分本质上是轶事，很难量化。预期的Robinhood IPO可能标志着一个转折点。</blockquote></p><p> <b>Bottom-Line Strategy</b></p><p><blockquote><b>底线策略</b></blockquote></p><p> The stock market has given us some incredible returns in the past year or two but there are some warning signs developing and traders need to start leaning in the other direction.</p><p><blockquote>在过去的一两年里，股市给了我们一些令人难以置信的回报，但也出现了一些警告信号，交易者需要开始向另一个方向倾斜。</blockquote></p><p> Consider adding to commodity plays as they could be the outperformers of the third quarter.</p><p><blockquote>考虑增加大宗商品投资，因为它们可能是第三季度表现出色的股票。</blockquote></p><p></p><p> Consider becoming a scale-up profit taker. Continue to raise your stop protection to lock in more gains. Pay closer attention to where in the range prices are closing. Highs are typically made when prices close near the high of the day.Is the On-Balance-Volume line weakening as volume increases on days when the market or your favorite stock declines?</p><p><blockquote>考虑成为规模扩大的获利者。继续提高止损保护，锁定更多收益。密切关注价格收盘区间。高点通常是在价格接近当天高点时形成的。当市场或您最喜欢的股票下跌时，平衡成交量线是否会随着成交量增加而减弱？</blockquote></p><p> Pay closer attention to the news and watch for stocks and the market to decline on bullish news -- this tells us that the news has been discounted.</p><p><blockquote>密切关注新闻，观察股票和市场因看涨消息而下跌——这告诉我们消息已经打折。</blockquote></p><p></p>","source":"lsy1610613172068","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>Second-Half 2021: Market Forecasts, Thoughts and Observations<blockquote>2021年下半年：市场预测、思考与观察</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\">\nSecond-Half 2021: Market Forecasts, Thoughts and Observations<blockquote>2021年下半年：市场预测、思考与观察</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">The Street</strong><span class=\"h-time small\">2021-07-04 09:31</span>\n</p>\n</h4>\n</header>\n<article>\n<p>  The stock market has given us some incredible returns in the past year or two but there are some warning signs developing -- and one key date to keep an eye on.  The stock market, commodity markets and fixed-income markets have been on some wild rides the past 18 months. We penned 2021 forecast pieces back in January (read<b>here</b>and<b>here</b>), but a fresh look at things for the balance of the year seems like a good idea with commodity plays on the rise, oil prices coming on strong while other areas of the market are cooling.</p><p><blockquote>在过去的一两年里，股市给我们带来了一些令人难以置信的回报，但也出现了一些警告信号，还有一个需要关注的关键日期。过去18个月里，股市、大宗商品市场和固定收益市场都经历了一些疯狂的行情。我们早在1月份就撰写了2021年预测文章（阅读<b>在这里</b>和<b>在这里</b>），但随着大宗商品市场的上涨，油价走强，而市场其他领域正在降温，重新审视今年剩余时间的情况似乎是个好主意。</blockquote></p><p> Let's start our analysis with some monthly candlestick charts.</p><p><blockquote>让我们从一些月度烛台图开始我们的分析。</blockquote></p><p> <b>Candlestick AnalysisDow Jones Industrials</b></p><p><blockquote><b>烛台分析道琼斯工业指数</b></blockquote></p><p> In this monthly Japanese candlestick chart of the Dow Jones Industrial Average (DJIA), below, we can see that prices have made a huge rise over the past decade and a very sharp advance since March of 2020. Taking a little liberty in our methodology we can see an 8 to 10 record high advance since the 2020 pandemic low. Notice the slowing pace of the 12-month price momentum study in the lower panel.</p><p><blockquote>在下面道琼斯工业平均指数（道琼斯）的月度日本烛台图中，我们可以看到价格在过去十年中大幅上涨，自2020年3月以来涨幅非常大。在我们的方法上稍微自由一点，我们可以看到自2020年疫情低点以来，有8到10个历史新高的进展。请注意下图中12个月价格动量研究的步伐放缓。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/8c0c65a961cdf2a9b6bdba9757ca8c5d\" tg-width=\"720\" tg-height=\"510\" referrerpolicy=\"no-referrer\"><b>S&amp;P 500</b></p><p><blockquote><b>标普500</b></blockquote></p><p> In this monthly Japanese candlestick chart of the S&amp;P 500 Index (SPX) below, we can see another big advance over the past 10 years. The index made a sideways consolidation pattern in 2015-2016 around 2,000 to 2,200 and we have for most part doubled from there. I would not be surprised to see some significant profit-taking as the SPX approached 4,400. Momentum has been slowing here too.</p><p><blockquote>在下面的标普500指数（SPX）月度日本烛台图中，我们可以看到过去10年的另一次大幅上涨。该指数在2015-2016年在2,000点至2,200点附近形成了横向盘整模式，我们在很大程度上从那里翻了一番。当SPX接近4,400点时，看到一些重大获利了结，我不会感到惊讶。这里的势头也在放缓。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/72a594dc06dc6364a1f4432334018a95\" tg-width=\"720\" tg-height=\"510\" referrerpolicy=\"no-referrer\"><b>Nasdaq</b></p><p><blockquote><b>纳斯达克</b></blockquote></p><p> In this monthly Japanese candlestick chart of the Nasdaq, below, we can see that prices have doubled from their consolidation pattern in 2018 and 2019 in the 7,000 area. Prices have nearly tripled from their consolidation around 5,000 in 2015-2016. Yes, the momentum study is slowing.</p><p><blockquote>在下面的纳斯达克月度日本烛台图中，我们可以看到价格比2018年和2019年在7,000点区域的盘整模式翻了一番。价格较2015-2016年5,000点左右的盘整上涨了近两倍。是的，动量研究正在放缓。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/a32c8a3b8cbd6d84dc3c316188d0714c\" tg-width=\"720\" tg-height=\"510\" referrerpolicy=\"no-referrer\"><b>Russell 2000</b></p><p><blockquote><b>罗素2000</b></blockquote></p><p> In this monthly candlestick chart of the Russell 2000 index (RUT) we can see that prices have more than doubled from their March 2020 low. This could take your breath away. With the string of white candles and weakening momentum we want to be more cautious as we move forward in the third quarter.</p><p><blockquote>在这张罗素2000指数(RUT)的月度烛台图中，我们可以看到价格较2020年3月的低点上涨了一倍多。这会让你大吃一惊。随着一串白色蜡烛和势头减弱，我们希望在第三季度前进时更加谨慎。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/00e2eb68915aa7fe3a35df2b5cca4c7c\" tg-width=\"720\" tg-height=\"510\" referrerpolicy=\"no-referrer\">All these charts (above) show the 8 to 10 record high pattern so we should be on our guard for a top reversal pattern.</p><p><blockquote>所有这些图表（上图）都显示了8到10个创纪录的高点模式，因此我们应该警惕顶部反转模式。</blockquote></p><p> <b>Advance-Decline Analysis</b></p><p><blockquote><b>进退分析</b></blockquote></p><p> Now, let's turn our attention to the Advance-Decline line.</p><p><blockquote>现在，让我们把注意力转向涨跌线。</blockquote></p><p> <b>Dow Jones Industrials</b></p><p><blockquote><b>道琼斯工业指数</b></blockquote></p><p> In this daily candlestick chart of the DJIA, below, we show the Advance-Decline line which has been moving sideways since early May. This difference between the price action is a bearish divergence but the DJIA is a narrow average with only 30 stocks.</p><p><blockquote>在下面的道琼斯日线烛台图中，我们显示了自五月初以来一直横向移动的上涨-下跌线。价格走势之间的差异是看跌背离，但道琼斯是一个狭窄的平均值，只有30只股票。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/5af49f53b61d7234c47302a43ef8fc54\" tg-width=\"1000\" tg-height=\"622\" referrerpolicy=\"no-referrer\"><b>S&amp;P 500</b></p><p><blockquote><b>标普500</b></blockquote></p><p> In this chart of the S&amp;P 500 and its Advance-Decline line, below, we can see that prices and the Advance-Decline line are pointed up so a bearish divergence has not started.</p><p><blockquote>在下面这张标普500及其上涨-下跌线的图表中，我们可以看到价格和上涨-下跌线向上，因此看跌背离尚未开始。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/6f76b13060f5ac582155923264b7fb2f\" tg-width=\"1000\" tg-height=\"622\" referrerpolicy=\"no-referrer\"><b>Nasdaq</b></p><p><blockquote><b>纳斯达克</b></blockquote></p><p> In this chart of the Nasdaq, below, we can see a significant bearish divergence. The Nasdaq has been making new highs but the Advance-Decline line has been moving sideways to lower from February.</p><p><blockquote>在下面的纳斯达克图表中，我们可以看到显着的看跌背离。纳斯达克一直在创出新高，但涨跌幅线自二月份以来一直横向走低。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/c202ca833085d8ae21f804e01da1d20e\" tg-width=\"1000\" tg-height=\"622\" referrerpolicy=\"no-referrer\"><b>Nasdaq 100</b></p><p><blockquote><b>纳斯达克100</b></blockquote></p><p> In this chart of Nasdaq 100 and its Advance-Decline line, below, we see prices and the indicator going up together. No bearish divergence here.<img src=\"https://static.tigerbbs.com/02f49df814666506de6bd3a8f8cff358\" tg-width=\"1000\" tg-height=\"622\" referrerpolicy=\"no-referrer\"><b>Sectors</b></p><p><blockquote>在下面这张纳斯达克100指数及其涨跌幅线的图表中，我们看到价格和指标一起上涨。这里没有看跌背离。<b>部门</b></blockquote></p><p> The marketplace can be broken down into 11 sectors but I want to cover just part of the list today.<b>Energy</b>In this weekly candlestick chart of the (XLE) , the S&amp;P Energy sector ETF, below, we can see that prices have doubled from their pandemic low. Trading volume has been very heavy and the weekly On-Balance-Volume has been stalled the past four months. The 12-week price momentum study has been weakening for a bearish divergence.</p><p><blockquote>市场可以分为11个部分，但我今天只想介绍其中的一部分。<b>能源</b>在下面的标准普尔能源行业ETF(XLE)的周线烛台图中，我们可以看到价格较大流行低点翻了一番。过去四个月，交易量非常大，每周余额交易量停滞不前。12周价格动量研究因看跌背离而减弱。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/c6c7c0cb796bbdd57de9aba933c615ce\" tg-width=\"720\" tg-height=\"820\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p><p> Two energy names that could rally further in the third quarter are EOG Resources (EOG) and ConocoPhillips (COP) . Here are the charts.</p><p><blockquote>第三季度可能进一步上涨的两家能源公司是EOG Resources(EOG)和康菲石油公司(COP)。这是图表。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/7d2fc7721f85cac4b418a821156c714f\" tg-width=\"720\" tg-height=\"820\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/874820e1c1c54a567c399f5129e88676\" tg-width=\"720\" tg-height=\"820\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/fc072387bc975d38d92af5b6b3de16ac\" tg-width=\"720\" tg-height=\"820\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/8d2822d20c835ce4f4860d5eb45212cb\" tg-width=\"720\" tg-height=\"820\" referrerpolicy=\"no-referrer\"><b>Financials</b></p><p><blockquote><b>财务</b></blockquote></p><p> In this daily bar chart of the (XLF) ,&nbsp; the Financial sector ETF, below, we can see that prices have begun a topping phase. Prices have broken below the cresting 50-day moving average line. The On-Balance-Volume line has weakened from early June and the Moving Average Convergence Divergence (MACD) oscillator has fallen below the zero line for an outright sell signal.</p><p><blockquote>在下面金融板块ETF(XLF)的日线条形图中，我们可以看到价格已经开始见顶阶段。价格已跌破50日移动平均线。自6月初以来，平衡成交量线已走弱，移动平均线收敛背离(MACD)振荡器已跌破零线，发出直接卖出信号。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/bddfbb55fad602b4a29ff4ef1ba47e0f\" tg-width=\"720\" tg-height=\"820\" referrerpolicy=\"no-referrer\"><b>Technology</b></p><p><blockquote><b>技术</b></blockquote></p><p> In this weekly Japanese candlestick chart of the (XLK) , the Technology sector ETF, below, we can see that prices have more than doubled from their pandemic low. The trading volume has diminished since March 2020 and the weekly On-Balance-Volume line has been stuck in a sideways trend for the past 12 months. The 12-week price momentum study in the bottom panel shows lower highs being made the past year. This is a significant bearish divergence.</p><p><blockquote>在下面的科技行业ETF(XLK)的每周日本烛台图中，我们可以看到价格较大流行低点上涨了一倍多。自2020年3月以来，交易量一直在减少，每周平衡交易量线在过去12个月中一直处于横盘趋势。底部面板中的12周价格动量研究显示，过去一年的高点较低。这是一个显着的看跌背离。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/c9d9a652c4c72b421556bfbd90dd8d44\" tg-width=\"720\" tg-height=\"820\" referrerpolicy=\"no-referrer\"><b>Industrials</b></p><p><blockquote><b>工业</b></blockquote></p><p> In this daily bar chart of the (XLI) &nbsp;, the Industrial sector ETF, below, we can see a weakening picture. Prices have slipped below the cresting 50-day moving average line. The On-Balance-Volume line has weakened the past two months and the MACD oscillator is below the zero line in sell territory.</p><p><blockquote>在下面工业板块ETF(XLI)的日线条形图中，我们可以看到疲软的情况。价格已跌破50日移动平均线。在过去的两个月里，平衡成交量线已经走弱，MACD振荡指标低于卖出区域的零线。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/47838029e80d6b87a83abb9f1352bdaf\" tg-width=\"720\" tg-height=\"820\" referrerpolicy=\"no-referrer\"><b>Bonds</b></p><p><blockquote><b>债券</b></blockquote></p><p> In this daily Point and Figure chart of the (TLT) , the iShares 20+ year Treasury Bond ETF, below, we can see a potential upside price target in the $165 area.</p><p><blockquote>在下面的iShares 20+年期国债ETF(TLT)的每日点数图中，我们可以看到165美元区域的潜在上行目标价。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/587f7bae63415985c849540d27b7ffaa\" tg-width=\"1000\" tg-height=\"992\" referrerpolicy=\"no-referrer\"><b>U.S. Dollar</b></p><p><blockquote><b>美元</b></blockquote></p><p> In this daily Japanese candlestick chart of the U.S. Dollar Index (DXY) we can see that prices have stopped short of a test of its late March/early April highs. DXY could make a slow drift downward to retest its May lows.</p><p><blockquote>在美元指数（DXY）的每日日本烛台图中，我们可以看到价格已经停止测试3月底/4月初的高点。DXY可能会缓慢向下漂移，重新测试5月份的低点。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/c086d11fb1d31f2710dc3752d158a2e7\" tg-width=\"720\" tg-height=\"510\" referrerpolicy=\"no-referrer\"><b>Mark Your Calendars</b></p><p><blockquote><b>标记您的日历</b></blockquote></p><p> A technical service that I have been using since the mid-1990s (www.pfr.com) is anticipating a large-scale \"trend change\" on or about Aug. 2 and this bears watching. This could mark the start of perhaps a 10% correction in the major averages. The next trend change is anticipated for late October, which could be the start of a year-end rally. We want to pay closer attention to the advance-decline numbers and price action as we approach Aug. 2.</p><p><blockquote>我自20世纪90年代中期以来一直使用的一项技术服务(www.pfr.com)预计8月2日左右将出现大规模“趋势变化”，这值得关注。这可能标志着主要平均指数可能出现10%的回调。下一次趋势变化预计将在10月下旬，这可能是年底反弹的开始。随着8月2日的临近，我们希望密切关注涨跌数据和价格走势。</blockquote></p><p> <b>Sentiment</b></p><p><blockquote><b>情绪</b></blockquote></p><p> No discussion about the stock market would be complete without some discussion of sentiment. There are plenty of \"signs\" of the stock market being out over its skis.</p><p><blockquote>如果不讨论情绪，任何关于股市的讨论都是不完整的。有很多“迹象”表明股市正在下滑。</blockquote></p><p> I see a number of market letters and commentary from fellow technical analysts and they are all bullish. I get emails from Real Money subscribers asking about this stock or that stock and I have two observations:</p><p><blockquote>我看到了许多来自其他技术分析师的市场信件和评论，他们都是看涨的。我收到来自Real Money订阅者的电子邮件，询问这只股票或那只股票，我有两个观察结果：</blockquote></p><p> 1. The names they are asking about seem to be more speculative in nature. I cannot remember the last time someone emailed me about a boring utility stock.</p><p><blockquote>1.他们询问的名字似乎更具投机性质。我不记得上次有人给我发电子邮件询问无聊的公用事业股票是什么时候了。</blockquote></p><p> 2. The second thing that has struck me about the emails is the failure to recognize risk. Everyone wants to know the next highest price target but they never ask about where to move a stop up.</p><p><blockquote>2.电子邮件给我留下深刻印象的第二件事是没有认识到风险。每个人都想知道下一个最高价格目标，但他们从不问在哪里移动止损。</blockquote></p><p> Sentiment is not a precise indicator and much of it is anecdotal in nature and hard to quantify. The anticipated Robinhood IPO could mark a turning point.</p><p><blockquote>情绪不是一个精确的指标，其中大部分本质上是轶事，很难量化。预期的Robinhood IPO可能标志着一个转折点。</blockquote></p><p> <b>Bottom-Line Strategy</b></p><p><blockquote><b>底线策略</b></blockquote></p><p> The stock market has given us some incredible returns in the past year or two but there are some warning signs developing and traders need to start leaning in the other direction.</p><p><blockquote>在过去的一两年里，股市给了我们一些令人难以置信的回报，但也出现了一些警告信号，交易者需要开始向另一个方向倾斜。</blockquote></p><p> Consider adding to commodity plays as they could be the outperformers of the third quarter.</p><p><blockquote>考虑增加大宗商品投资，因为它们可能是第三季度表现出色的股票。</blockquote></p><p></p><p> Consider becoming a scale-up profit taker. Continue to raise your stop protection to lock in more gains. Pay closer attention to where in the range prices are closing. Highs are typically made when prices close near the high of the day.Is the On-Balance-Volume line weakening as volume increases on days when the market or your favorite stock declines?</p><p><blockquote>考虑成为规模扩大的获利者。继续提高止损保护，锁定更多收益。密切关注价格收盘区间。高点通常是在价格接近当天高点时形成的。当市场或您最喜欢的股票下跌时，平衡成交量线是否会随着成交量增加而减弱？</blockquote></p><p> Pay closer attention to the news and watch for stocks and the market to decline on bullish news -- this tells us that the news has been discounted.</p><p><blockquote>密切关注新闻，观察股票和市场因看涨消息而下跌——这告诉我们消息已经打折。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://realmoney.thestreet.com/investing/stocks/second-half-2021-market-forecasts-thoughts-and-observations-15702152?puc=yahoo&cm_ven=YAHOO\">The Street</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index","SPY":"标普500ETF",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://realmoney.thestreet.com/investing/stocks/second-half-2021-market-forecasts-thoughts-and-observations-15702152?puc=yahoo&cm_ven=YAHOO","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1192425829","content_text":"The stock market has given us some incredible returns in the past year or two but there are some warning signs developing -- and one key date to keep an eye on.\n\nThe stock market, commodity markets and fixed-income markets have been on some wild rides the past 18 months. We penned 2021 forecast pieces back in January (readhereandhere), but a fresh look at things for the balance of the year seems like a good idea with commodity plays on the rise, oil prices coming on strong while other areas of the market are cooling.\nLet's start our analysis with some monthly candlestick charts.\nCandlestick AnalysisDow Jones Industrials\nIn this monthly Japanese candlestick chart of the Dow Jones Industrial Average (DJIA), below, we can see that prices have made a huge rise over the past decade and a very sharp advance since March of 2020. Taking a little liberty in our methodology we can see an 8 to 10 record high advance since the 2020 pandemic low. Notice the slowing pace of the 12-month price momentum study in the lower panel.\nS&P 500\nIn this monthly Japanese candlestick chart of the S&P 500 Index (SPX) below, we can see another big advance over the past 10 years. The index made a sideways consolidation pattern in 2015-2016 around 2,000 to 2,200 and we have for most part doubled from there. I would not be surprised to see some significant profit-taking as the SPX approached 4,400. Momentum has been slowing here too.\nNasdaq\nIn this monthly Japanese candlestick chart of the Nasdaq, below, we can see that prices have doubled from their consolidation pattern in 2018 and 2019 in the 7,000 area. Prices have nearly tripled from their consolidation around 5,000 in 2015-2016. Yes, the momentum study is slowing.\nRussell 2000\nIn this monthly candlestick chart of the Russell 2000 index (RUT) we can see that prices have more than doubled from their March 2020 low. This could take your breath away. With the string of white candles and weakening momentum we want to be more cautious as we move forward in the third quarter.\nAll these charts (above) show the 8 to 10 record high pattern so we should be on our guard for a top reversal pattern.\nAdvance-Decline Analysis\nNow, let's turn our attention to the Advance-Decline line.\nDow Jones Industrials\nIn this daily candlestick chart of the DJIA, below, we show the Advance-Decline line which has been moving sideways since early May. This difference between the price action is a bearish divergence but the DJIA is a narrow average with only 30 stocks.\nS&P 500\nIn this chart of the S&P 500 and its Advance-Decline line, below, we can see that prices and the Advance-Decline line are pointed up so a bearish divergence has not started.\nNasdaq\nIn this chart of the Nasdaq, below, we can see a significant bearish divergence. The Nasdaq has been making new highs but the Advance-Decline line has been moving sideways to lower from February.\nNasdaq 100\nIn this chart of Nasdaq 100 and its Advance-Decline line, below, we see prices and the indicator going up together. No bearish divergence here.Sectors\nThe marketplace can be broken down into 11 sectors but I want to cover just part of the list today.EnergyIn this weekly candlestick chart of the (XLE) , the S&P Energy sector ETF, below, we can see that prices have doubled from their pandemic low. Trading volume has been very heavy and the weekly On-Balance-Volume has been stalled the past four months. The 12-week price momentum study has been weakening for a bearish divergence.\n\nTwo energy names that could rally further in the third quarter are EOG Resources (EOG) and ConocoPhillips (COP) . Here are the charts.\nFinancials\nIn this daily bar chart of the (XLF) ,  the Financial sector ETF, below, we can see that prices have begun a topping phase. Prices have broken below the cresting 50-day moving average line. The On-Balance-Volume line has weakened from early June and the Moving Average Convergence Divergence (MACD) oscillator has fallen below the zero line for an outright sell signal.\nTechnology\nIn this weekly Japanese candlestick chart of the (XLK) , the Technology sector ETF, below, we can see that prices have more than doubled from their pandemic low. The trading volume has diminished since March 2020 and the weekly On-Balance-Volume line has been stuck in a sideways trend for the past 12 months. The 12-week price momentum study in the bottom panel shows lower highs being made the past year. This is a significant bearish divergence.\nIndustrials\nIn this daily bar chart of the (XLI)  , the Industrial sector ETF, below, we can see a weakening picture. Prices have slipped below the cresting 50-day moving average line. The On-Balance-Volume line has weakened the past two months and the MACD oscillator is below the zero line in sell territory.\nBonds\nIn this daily Point and Figure chart of the (TLT) , the iShares 20+ year Treasury Bond ETF, below, we can see a potential upside price target in the $165 area.\nU.S. Dollar\nIn this daily Japanese candlestick chart of the U.S. Dollar Index (DXY) we can see that prices have stopped short of a test of its late March/early April highs. DXY could make a slow drift downward to retest its May lows.\nMark Your Calendars\nA technical service that I have been using since the mid-1990s (www.pfr.com) is anticipating a large-scale \"trend change\" on or about Aug. 2 and this bears watching. This could mark the start of perhaps a 10% correction in the major averages. The next trend change is anticipated for late October, which could be the start of a year-end rally. We want to pay closer attention to the advance-decline numbers and price action as we approach Aug. 2.\nSentiment\nNo discussion about the stock market would be complete without some discussion of sentiment. There are plenty of \"signs\" of the stock market being out over its skis.\nI see a number of market letters and commentary from fellow technical analysts and they are all bullish. I get emails from Real Money subscribers asking about this stock or that stock and I have two observations:\n1. The names they are asking about seem to be more speculative in nature. I cannot remember the last time someone emailed me about a boring utility stock.\n2. The second thing that has struck me about the emails is the failure to recognize risk. Everyone wants to know the next highest price target but they never ask about where to move a stop up.\nSentiment is not a precise indicator and much of it is anecdotal in nature and hard to quantify. The anticipated Robinhood IPO could mark a turning point.\nBottom-Line Strategy\nThe stock market has given us some incredible returns in the past year or two but there are some warning signs developing and traders need to start leaning in the other direction.\nConsider adding to commodity plays as they could be the outperformers of the third quarter.\nConsider becoming a scale-up profit taker. Continue to raise your stop protection to lock in more gains. Pay closer attention to where in the range prices are closing. Highs are typically made when prices close near the high of the day.Is the On-Balance-Volume line weakening as volume increases on days when the market or your favorite stock declines?\nPay closer attention to the news and watch for stocks and the market to decline on bullish news -- this tells us that the news has been discounted.","news_type":1,"symbols_score_info":{"SPY":0.9,".DJI":0.9,".IXIC":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":524,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":149603626,"gmtCreate":1625718971665,"gmtModify":1631890133348,"author":{"id":"3574891778837790","authorId":"3574891778837790","name":"DerekC","avatar":"https://static.tigerbbs.com/02824f1a06daf256b2ea13cc9eba6e85","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574891778837790","authorIdStr":"3574891778837790"},"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/149603626","repostId":"1193960545","repostType":4,"repost":{"id":"1193960545","kind":"news","pubTimestamp":1625699849,"share":"https://www.laohu8.com/m/news/1193960545?lang=zh_CN&edition=full","pubTime":"2021-07-08 07:17","market":"us","language":"en","title":"S&P 500, Nasdaq post record closing highs after Fed minutes<blockquote>美联储会议纪要后，标普500和纳斯达克创下收盘新高</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1193960545","media":"Reuters","summary":"Fed keen to be \"well positioned\" to act on inflation - minutes\nDow up 0.3%, S&P 500 up 0.3%, Nasdaq ","content":"<p><ul>  <li>Fed keen to be \"well positioned\" to act on inflation - minutes</li>  <li>Dow up 0.3%, S&amp;P 500 up 0.3%, Nasdaq up 0.01%</li> </ul> NEW YORK, July 7 (Reuters) - U.S. stocks ended higher on Wednesday and the S&amp;P 500 and Nasdaq notched record closing highs after minutes from the last Federal Reserve meeting indicated officials may not be ready yet to move on tightening policy.</p><p><blockquote><ul><li>美联储热衷于“做好准备”对通胀采取行动——会议纪要</li><li>道指涨0.3%，标普500涨0.3%，纳斯达克涨0.01%</li></ul>路透纽约7月7日-美国股市周三收高，标普500和纳斯达克创下收盘纪录高位，此前美联储上次会议纪要显示官员可能尚未准备好采取紧缩政策。</blockquote></p><p> According to the minutes of the U.S. central bank's June policy meeting, Fed officials felt substantial further progress on the economic recovery \"was generally seen as not having yet been met,\" but agreed they should be poised to act if inflation or other risks materialized.</p><p><blockquote>根据美联储6月政策会议纪要，美联储官员认为经济复苏“普遍认为尚未取得实质性进一步进展”，但一致认为，如果通胀或其他风险成为现实，他们应该做好采取行动的准备。</blockquote></p><p> \"I read this as effectively a dovish set of notes simply because they don't feel as a group that they have enough certainty around the situation to make any changes at all,\" said Brad McMillan, chief investment officer at Commonwealth Financial Network in Waltham, Massachusetts.</p><p><blockquote>沃尔瑟姆联邦金融网络首席投资官布拉德·麦克米伦(Brad McMillan)表示：“我认为这实际上是一套鸽派言论，因为作为一个群体，他们对局势没有足够的确定性，无法做出任何改变。”，马萨诸塞州。</blockquote></p><p> Treasury yields edged lower following the Fed minutes, while stocks mostly edged higher.</p><p><blockquote>美联储会议纪要公布后，美国国债收益率小幅走低，而股市大多小幅走高。</blockquote></p><p> The minutes reflected a divided Fed wrestling with new inflation risks but still relatively high unemployment.</p><p><blockquote>会议纪要反映了美联储在应对新的通胀风险但失业率仍然相对较高的问题上存在分歧。</blockquote></p><p> After its meeting and statement last month, investors began to anticipate the Fed would move more quickly to tighten than previously expected.</p><p><blockquote>在上个月的会议和声明之后，投资者开始预计美联储将比之前预期更快地采取紧缩行动。</blockquote></p><p> Wall Street has been concerned about inflation, with investors moving between economy-linked value stocks and growth names in the past few sessions.</p><p><blockquote>华尔街一直担心通胀，过去几个交易日投资者在与经济相关的价值股和成长型股票之间切换。</blockquote></p><p> Both growth(.RLG)and value stocks(.RLV)gained on Wednesday, while industrials(.SPLRCI)and materials(.SPLRCM)led S&amp;P 500 sector gains.</p><p><blockquote>成长股(.RLG)和价值股(.RLV)周三均上涨，而工业股(.SPLRCI)和材料股(.SPLRCM)领涨标普500板块。</blockquote></p><p> The Dow Jones Industrial Average(.DJI)rose 104.42 points, or 0.3%, to 34,681.79, the S&amp;P 500(.SPX)gained 14.59 points, or 0.34%, to 4,358.13 and the Nasdaq Composite(.IXIC)added 1.42 points, or 0.01%, to 14,665.06.<img src=\"https://static.tigerbbs.com/b82724f48859f601746f387b53e8bf71\" tg-width=\"958\" tg-height=\"720\" referrerpolicy=\"no-referrer\">China's market regulator said it has fined a number of internet companies including Didi Global(DIDI.N), Tencent(0700.HK)and Alibaba(9988.HK)for failing to report earlier merger and acquisition deals for approval.read more</p><p><blockquote>道琼斯工业平均指数(.DJI)上涨104.42点，涨幅0.3%，至34,681.79点，标普500(.SPX)上涨14.59点，涨幅0.34%，至4,358.13点，纳斯达克综合指数(.IXIC)上涨1.42点，涨幅0.01%，至14,665.06点。中国市场监管机构表示，已对滴滴出行（DIDI.N）、腾讯控股（0700.HK）和阿里巴巴-SW（9988.HK）等多家互联网公司处以罚款，原因是其未能将早期并购交易上报审批。了解更多</blockquote></p><p> U.S.-listed shares of Didi fell 4.6%, adding to a nearly 20% slump on Tuesday.</p><p><blockquote>滴滴在美国上市的股价下跌4.6%，周二跌幅接近20%。</blockquote></p><p> Declining issues outnumbered advancing ones on the NYSE by a 1.02-to-1 ratio; on Nasdaq, a 1.92-to-1 ratio favored decliners.</p><p><blockquote>纽约证券交易所下跌股与上涨股的比例为1.02比1；在纳斯达克，1.92比1的比率有利于下跌股。</blockquote></p><p> The S&amp;P 500 posted 71 new 52-week highs and no new lows; the Nasdaq Composite recorded 84 new highs and 121 new lows.</p><p><blockquote>标普500创下71个52周新高，无新低；纳斯达克综合指数录得84个新高和121个新低。</blockquote></p><p> Volume on U.S. exchanges was 10.04 billion shares, compared with the 10.7 billion average for the full session over the last 20 trading days.</p><p><blockquote>美国交易所的成交量为100.4亿股，而过去20个交易日的平均成交量为107亿股。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>S&P 500, Nasdaq post record closing highs after Fed minutes<blockquote>美联储会议纪要后，标普500和纳斯达克创下收盘新高</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\">\nS&P 500, Nasdaq post record closing highs after Fed minutes<blockquote>美联储会议纪要后，标普500和纳斯达克创下收盘新高</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Reuters</strong><span class=\"h-time small\">2021-07-08 07:17</span>\n</p>\n</h4>\n</header>\n<article>\n<p><ul>  <li>Fed keen to be \"well positioned\" to act on inflation - minutes</li>  <li>Dow up 0.3%, S&amp;P 500 up 0.3%, Nasdaq up 0.01%</li> </ul> NEW YORK, July 7 (Reuters) - U.S. stocks ended higher on Wednesday and the S&amp;P 500 and Nasdaq notched record closing highs after minutes from the last Federal Reserve meeting indicated officials may not be ready yet to move on tightening policy.</p><p><blockquote><ul><li>美联储热衷于“做好准备”对通胀采取行动——会议纪要</li><li>道指涨0.3%，标普500涨0.3%，纳斯达克涨0.01%</li></ul>路透纽约7月7日-美国股市周三收高，标普500和纳斯达克创下收盘纪录高位，此前美联储上次会议纪要显示官员可能尚未准备好采取紧缩政策。</blockquote></p><p> According to the minutes of the U.S. central bank's June policy meeting, Fed officials felt substantial further progress on the economic recovery \"was generally seen as not having yet been met,\" but agreed they should be poised to act if inflation or other risks materialized.</p><p><blockquote>根据美联储6月政策会议纪要，美联储官员认为经济复苏“普遍认为尚未取得实质性进一步进展”，但一致认为，如果通胀或其他风险成为现实，他们应该做好采取行动的准备。</blockquote></p><p> \"I read this as effectively a dovish set of notes simply because they don't feel as a group that they have enough certainty around the situation to make any changes at all,\" said Brad McMillan, chief investment officer at Commonwealth Financial Network in Waltham, Massachusetts.</p><p><blockquote>沃尔瑟姆联邦金融网络首席投资官布拉德·麦克米伦(Brad McMillan)表示：“我认为这实际上是一套鸽派言论，因为作为一个群体，他们对局势没有足够的确定性，无法做出任何改变。”，马萨诸塞州。</blockquote></p><p> Treasury yields edged lower following the Fed minutes, while stocks mostly edged higher.</p><p><blockquote>美联储会议纪要公布后，美国国债收益率小幅走低，而股市大多小幅走高。</blockquote></p><p> The minutes reflected a divided Fed wrestling with new inflation risks but still relatively high unemployment.</p><p><blockquote>会议纪要反映了美联储在应对新的通胀风险但失业率仍然相对较高的问题上存在分歧。</blockquote></p><p> After its meeting and statement last month, investors began to anticipate the Fed would move more quickly to tighten than previously expected.</p><p><blockquote>在上个月的会议和声明之后，投资者开始预计美联储将比之前预期更快地采取紧缩行动。</blockquote></p><p> Wall Street has been concerned about inflation, with investors moving between economy-linked value stocks and growth names in the past few sessions.</p><p><blockquote>华尔街一直担心通胀，过去几个交易日投资者在与经济相关的价值股和成长型股票之间切换。</blockquote></p><p> Both growth(.RLG)and value stocks(.RLV)gained on Wednesday, while industrials(.SPLRCI)and materials(.SPLRCM)led S&amp;P 500 sector gains.</p><p><blockquote>成长股(.RLG)和价值股(.RLV)周三均上涨，而工业股(.SPLRCI)和材料股(.SPLRCM)领涨标普500板块。</blockquote></p><p> The Dow Jones Industrial Average(.DJI)rose 104.42 points, or 0.3%, to 34,681.79, the S&amp;P 500(.SPX)gained 14.59 points, or 0.34%, to 4,358.13 and the Nasdaq Composite(.IXIC)added 1.42 points, or 0.01%, to 14,665.06.<img src=\"https://static.tigerbbs.com/b82724f48859f601746f387b53e8bf71\" tg-width=\"958\" tg-height=\"720\" referrerpolicy=\"no-referrer\">China's market regulator said it has fined a number of internet companies including Didi Global(DIDI.N), Tencent(0700.HK)and Alibaba(9988.HK)for failing to report earlier merger and acquisition deals for approval.read more</p><p><blockquote>道琼斯工业平均指数(.DJI)上涨104.42点，涨幅0.3%，至34,681.79点，标普500(.SPX)上涨14.59点，涨幅0.34%，至4,358.13点，纳斯达克综合指数(.IXIC)上涨1.42点，涨幅0.01%，至14,665.06点。中国市场监管机构表示，已对滴滴出行（DIDI.N）、腾讯控股（0700.HK）和阿里巴巴-SW（9988.HK）等多家互联网公司处以罚款，原因是其未能将早期并购交易上报审批。了解更多</blockquote></p><p> U.S.-listed shares of Didi fell 4.6%, adding to a nearly 20% slump on Tuesday.</p><p><blockquote>滴滴在美国上市的股价下跌4.6%，周二跌幅接近20%。</blockquote></p><p> Declining issues outnumbered advancing ones on the NYSE by a 1.02-to-1 ratio; on Nasdaq, a 1.92-to-1 ratio favored decliners.</p><p><blockquote>纽约证券交易所下跌股与上涨股的比例为1.02比1；在纳斯达克，1.92比1的比率有利于下跌股。</blockquote></p><p> The S&amp;P 500 posted 71 new 52-week highs and no new lows; the Nasdaq Composite recorded 84 new highs and 121 new lows.</p><p><blockquote>标普500创下71个52周新高，无新低；纳斯达克综合指数录得84个新高和121个新低。</blockquote></p><p> Volume on U.S. exchanges was 10.04 billion shares, compared with the 10.7 billion average for the full session over the last 20 trading days.</p><p><blockquote>美国交易所的成交量为100.4亿股，而过去20个交易日的平均成交量为107亿股。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.reuters.com/business/sp-500-nasdaq-post-record-closing-highs-after-fed-minutes-2021-07-07/\">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":{"161125":"标普500","NDAQ":"纳斯达克OMX交易所","QID":"两倍做空纳斯达克指数ETF-ProShares",".IXIC":"NASDAQ Composite","SPXU":"三倍做空标普500ETF-ProShares","SDS":"两倍做空标普500 ETF-ProShares","SPY":"标普500ETF","OEF":"标普100指数ETF-iShares","UPRO":"三倍做多标普500ETF-ProShares","SH":"做空标普500-Proshares","OEX":"标普100",".SPX":"S&P 500 Index","PSQ":"做空纳斯达克100指数ETF-ProShares","SSO":"2倍做多标普500ETF-ProShares","QQQ":"纳指100ETF","TQQQ":"纳指三倍做多ETF","IVV":"标普500ETF-iShares"},"source_url":"https://www.reuters.com/business/sp-500-nasdaq-post-record-closing-highs-after-fed-minutes-2021-07-07/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1193960545","content_text":"Fed keen to be \"well positioned\" to act on inflation - minutes\nDow up 0.3%, S&P 500 up 0.3%, Nasdaq up 0.01%\n\nNEW YORK, July 7 (Reuters) - U.S. stocks ended higher on Wednesday and the S&P 500 and Nasdaq notched record closing highs after minutes from the last Federal Reserve meeting indicated officials may not be ready yet to move on tightening policy.\nAccording to the minutes of the U.S. central bank's June policy meeting, Fed officials felt substantial further progress on the economic recovery \"was generally seen as not having yet been met,\" but agreed they should be poised to act if inflation or other risks materialized.\n\"I read this as effectively a dovish set of notes simply because they don't feel as a group that they have enough certainty around the situation to make any changes at all,\" said Brad McMillan, chief investment officer at Commonwealth Financial Network in Waltham, Massachusetts.\nTreasury yields edged lower following the Fed minutes, while stocks mostly edged higher.\nThe minutes reflected a divided Fed wrestling with new inflation risks but still relatively high unemployment.\nAfter its meeting and statement last month, investors began to anticipate the Fed would move more quickly to tighten than previously expected.\nWall Street has been concerned about inflation, with investors moving between economy-linked value stocks and growth names in the past few sessions.\nBoth growth(.RLG)and value stocks(.RLV)gained on Wednesday, while industrials(.SPLRCI)and materials(.SPLRCM)led S&P 500 sector gains.\nThe Dow Jones Industrial Average(.DJI)rose 104.42 points, or 0.3%, to 34,681.79, the S&P 500(.SPX)gained 14.59 points, or 0.34%, to 4,358.13 and the Nasdaq Composite(.IXIC)added 1.42 points, or 0.01%, to 14,665.06.China's market regulator said it has fined a number of internet companies including Didi Global(DIDI.N), Tencent(0700.HK)and Alibaba(9988.HK)for failing to report earlier merger and acquisition deals for approval.read more\nU.S.-listed shares of Didi fell 4.6%, adding to a nearly 20% slump on Tuesday.\nDeclining issues outnumbered advancing ones on the NYSE by a 1.02-to-1 ratio; on Nasdaq, a 1.92-to-1 ratio favored decliners.\nThe S&P 500 posted 71 new 52-week highs and no new lows; the Nasdaq Composite recorded 84 new highs and 121 new lows.\nVolume on U.S. exchanges was 10.04 billion shares, compared with the 10.7 billion average for the full session over the last 20 trading days.","news_type":1,"symbols_score_info":{"161125":0.9,"MNQmain":0.9,"IVV":0.9,"SH":0.9,"QID":0.9,"SPY":0.9,"OEX":0.9,".SPX":0.9,"OEF":0.9,".IXIC":0.9,"NQmain":0.9,"PSQ":0.9,"SSO":0.9,"QQQ":0.9,"SPXU":0.9,"NDAQ":0.9,"UPRO":0.9,"SDS":0.9,"TQQQ":0.9,"ESmain":0.9}},"isVote":1,"tweetType":1,"viewCount":1493,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":154825574,"gmtCreate":1625500245098,"gmtModify":1631890133372,"author":{"id":"3574891778837790","authorId":"3574891778837790","name":"DerekC","avatar":"https://static.tigerbbs.com/02824f1a06daf256b2ea13cc9eba6e85","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574891778837790","authorIdStr":"3574891778837790"},"themes":[],"htmlText":"Aws","listText":"Aws","text":"Aws","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/154825574","repostId":"1157317474","repostType":4,"isVote":1,"tweetType":1,"viewCount":3018,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":153147154,"gmtCreate":1625015288778,"gmtModify":1633945852996,"author":{"id":"3574891778837790","authorId":"3574891778837790","name":"DerekC","avatar":"https://static.tigerbbs.com/02824f1a06daf256b2ea13cc9eba6e85","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574891778837790","authorIdStr":"3574891778837790"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/153147154","repostId":"1100563900","repostType":2,"isVote":1,"tweetType":1,"viewCount":458,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":170439099,"gmtCreate":1626444961211,"gmtModify":1631890133303,"author":{"id":"3574891778837790","authorId":"3574891778837790","name":"DerekC","avatar":"https://static.tigerbbs.com/02824f1a06daf256b2ea13cc9eba6e85","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574891778837790","authorIdStr":"3574891778837790"},"themes":[],"htmlText":"Hmmm&nbsp;","listText":"Hmmm&nbsp;","text":"Hmmm","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/170439099","repostId":"2151450981","repostType":4,"isVote":1,"tweetType":1,"viewCount":2735,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":154023806,"gmtCreate":1625461810405,"gmtModify":1633940441425,"author":{"id":"3574891778837790","authorId":"3574891778837790","name":"DerekC","avatar":"https://static.tigerbbs.com/02824f1a06daf256b2ea13cc9eba6e85","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574891778837790","authorIdStr":"3574891778837790"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/154023806","repostId":"1170100655","repostType":4,"repost":{"id":"1170100655","kind":"news","pubTimestamp":1625452503,"share":"https://www.laohu8.com/m/news/1170100655?lang=zh_CN&edition=full","pubTime":"2021-07-05 10:35","market":"us","language":"en","title":"Best E-Commerce Stocks To Buy In July 2021? 4 Names In Focus<blockquote>2021年7月最值得购买的电子商务股票？4个名字成为焦点</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1170100655","media":"Nasdaq","summary":"Could These Be The Top E-Commerce Stocks To Watch Right Now?E-commerce stocks had a historic year in thestock marketlast year. Well, it shouldn’t come as a surprise since many countries around the world were sent into lockdown. At that point, most shopping activities were conducted online. So, even those who were skeptical of online shopping initially must have been exposed to e-commerce platforms. This is of course due to the advancement of technology as well. Some company’s platforms such as P","content":"<p>Could These Be The Top E-Commerce Stocks To Watch Right Now?</p><p><blockquote>这些可能是目前最值得关注的电子商务股票吗？</blockquote></p><p> E-commerce stocks had a historic year in thestock marketlast year. Well, it shouldn’t come as a surprise since many countries around the world were sent into lockdown. At that point, most shopping activities were conducted online. So, even those who were skeptical of online shopping initially must have been exposed to e-commerce platforms. This is of course due to the advancement of technology as well. Some company’s platforms such as Pinterest Inc (NYSE: PINS) even have augmented reality features that would allow you to have a rough idea of what you’re getting.</p><p><blockquote>去年，电子商务股票在股市上度过了历史性的一年。嗯，这并不奇怪，因为世界上许多国家都被封锁了。那时，大多数购物活动都是在网上进行的。所以，即使是那些最初对网上购物持怀疑态度的人，也一定接触过电子商务平台。这当然也是由于技术的进步。Pinterest公司（纽约证券交易所股票代码：PINS）等一些公司的平台甚至具有增强现实功能，可以让您大致了解您将获得的内容。</blockquote></p><p> The shift to online shopping has resulted in many emerging e-commerce companies. For example, we have Jumia Technologies (NYSE: JMIA) that aims to be the top online marketplace in the whole of Africa. Perhaps, this should not be overlooked as e-commerce is still a growing sector in Africa. Moreover, JMIA stock has already soared by more than 400% just within the past year. Now, if you are optimistic about the future of e-commerce, here’s a list of fourtop e-commerce stocks to watchin thestock market today.</p><p><blockquote>向网上购物的转变催生了许多新兴的电子商务公司。例如，我们有Jumia Technologies（纽约证券交易所代码：JMIA），其目标是成为整个非洲的顶级在线市场。也许，这不应该被忽视，因为电子商务在非洲仍然是一个不断增长的部门。此外，JMIA股价仅在过去一年内就飙升了400%以上。现在，如果您对电子商务的未来持乐观态度，这里列出了当今股市值得关注的四大电子商务股票。</blockquote></p><p> Best E-Commerce Stocks To Watch</p><p><blockquote>最值得关注的电子商务股票</blockquote></p><p> <ul>  <li><b><a href=\"https://laohu8.com/S/ETSY\">Etsy</a> Inc</b>(NASDAQ: ETSY)</li>  <li><b><a href=\"https://laohu8.com/S/EBAYL\">eBay</a> Inc</b>(NASDAQ: EBAY)</li>  <li><b><a href=\"https://laohu8.com/S/BABA\">Alibaba</a> Group Holding Ltd</b>(NYSE: BABA)</li>  <li><b>Chewy Inc</b>(NYSE: CHWY)</li> </ul> <a href=\"https://laohu8.com/S/ETSY\">Etsy</a> Inc</p><p><blockquote><ul><li><b><a href=\"https://laohu8.com/S/ETSY\">Etsy</a>Inc</b>（纳斯达克：ETSY）</li><li><b><a href=\"https://laohu8.com/S/EBAYL\">eBay</a>Inc</b>（纳斯达克：EBAY）</li><li><b><a href=\"https://laohu8.com/S/BABA\">阿里巴巴-SW</a>集团控股有限公司</b>（纽约证券交易所代码：BABA）</li><li><b>耐嚼公司</b>（纽约证券交易所代码：CHWY）</li></ul><a href=\"https://laohu8.com/S/ETSY\">Etsy</a>Inc</blockquote></p><p> Let us start the list with Etsy. The company operates a marketplace where people globally connect, both online and offline to sell and buy goods. It also offers a range of seller services and tools that help entrepreneurs manage their businesses. As of now, the company’s seller services include Direct Checkout, Promoted Listings, Shipping Labels, and <a href=\"https://laohu8.com/S/PEGI\">Pattern</a> by Etsy. ETSY stock has risen by over 80% over the past year.</p><p><blockquote>让我们从Etsy开始。该公司运营着一个市场，人们可以在线上和线下进行全球联系，买卖商品。它还提供一系列卖家服务和工具，帮助企业家管理他们的业务。截至目前，该公司的卖家服务包括直接结账、促销列表、运输标签和<a href=\"https://laohu8.com/S/PEGI\">模式</a>作者Etsy。ETSY股价在过去一年上涨了80%以上。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/4998810533317bc7562c92dbf9801556\" tg-width=\"250\" tg-height=\"209\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> On Monday, Etsy signed a definitive agreement to acquire Elo7, a privately held marketplace for unique, handmade items, ranked as a top 10 e-commerce site in Brazil. The Elo7 marketplace connects approximately 1.9 million active buyers with approximately 56,000 active sellers and currently has approximately 8 million items for sale. Hence, this deal would establish Etsy’s presence in Latin America, an underpenetrated e-commerce region.</p><p><blockquote>周一，Etsy签署了一项最终协议，收购Elo7，这是一个私人拥有的独特手工商品市场，在巴西排名前十的电子商务网站。Elo7市场连接了大约190万活跃买家和大约56,000名活跃卖家，目前有大约800万件商品待售。因此，这笔交易将确立Etsy在拉丁美洲这个电子商务渗透率较低的地区的地位。</blockquote></p><p> Etsy is not resting on its laurels. It also signed a definitive agreement to acquire Depop, a purpose-driven marketplace for unique fashion for $1.625 billion earlier in June. Depop is a community-powered marketplace to buy and sell unique fashion, with a mission to build the world’s most diverse and progressive home of fashion. It appears that 90% of Depop’s active users are under the age of 26. So, this could serve as a resale home for Gen Z consumers to the Etsy family. Given all these exciting developments, would you consider investing in ETSY stock?</p><p><blockquote>Etsy并没有固步自封。6月初，该公司还签署了一项最终协议，以16.25亿美元收购Depop，这是一个以目的为导向的独特时尚市场。Depop是一个社区驱动的市场，买卖独特的时尚，其使命是建立世界上最多样化和最进步的时尚之家。Depop 90%的活跃用户年龄在26岁以下。因此，这可以作为Z世代消费者向Etsy家族的转售房屋。鉴于所有这些令人兴奋的发展，您会考虑投资ETSY股票吗？</blockquote></p><p> <a href=\"https://laohu8.com/S/EBAY\">eBay</a> Inc</p><p><blockquote><a href=\"https://laohu8.com/S/EBAY\">eBay</a>Inc</blockquote></p><p> Next, we have <a href=\"https://laohu8.com/S/AONE\">one</a> of the industry leaders of e-commerce, <a href=\"https://laohu8.com/S/EBAYL\">eBay</a>. Essentially, the company operates marketplace platforms that connect buyers and sellers globally. This includes its online marketplace at ebay.com and the <a href=\"https://laohu8.com/S/EBAY\">eBay</a> suite of mobile apps. So, you could buy, sell, and pay for items through various online and offline channels. eBay stock has been <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the better-performing stocks within the e-commerce space this year. It has climbed by over 35% year-to-date.</p><p><blockquote>接下来，我们有<a href=\"https://laohu8.com/S/AONE\">一</a>电子商务的行业领导者，<a href=\"https://laohu8.com/S/EBAYL\">eBay</a>本质上，该公司运营连接全球买家和卖家的市场平台。这包括其在ebay.com的在线市场和<a href=\"https://laohu8.com/S/EBAY\">eBay</a>移动应用套件。因此，你可以通过各种线上和线下渠道购买、销售和支付物品。eBay股票已<a href=\"https://laohu8.com/S/AONE.U\">一</a>今年电子商务领域表现较好的股票之一。今年迄今已攀升超过35%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/3225891cc70ad7e916ca99aa07101ba2\" tg-width=\"250\" tg-height=\"209\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <a href=\"https://laohu8.com/S/JE\">Just</a> last week, the company announced the completion of the transfer of its Classifieds business to Adevinta in exchange for $2.5 billion cash and a 44% equity stake in Adevinta. This combination will hopefully create a leading global online classifieds business. In the long run, both companies will be primed to benefit from its combined portfolio that may offer additional value for its customers and shareholders.</p><p><blockquote><a href=\"https://laohu8.com/S/JE\">刚刚</a>上周，该公司宣布完成将其分类广告业务转让给Adevinta，以换取25亿美元现金和Adevinta 44%的股权。这一合并将有望创造一个领先的全球在线分类广告业务。从长远来看，两家公司都将从其合并后的投资组合中受益，这可能会为其客户和股东提供额外的价值。</blockquote></p><p> eBay also had an impressive first quarter to start the year with the highest revenue growth since 2005. Its revenue was $3.0 billion, up 42% on an as-reported basis. There was also increased activity on its platform. Annual active buyers grew by 7%, now at a total of 187 million. Meanwhile, its annual active sellers grew by 8%, for a total of 20 million. We can see that the company is firing on all cylinders as we recover from the global pandemic. With that in mind, would you add EBAY stock to your watchlist?</p><p><blockquote>eBay今年第一季度的收入增长也令人印象深刻，创下了2005年以来的最高水平。其收入为30亿美元，较报告增长42%。其平台上的活动也有所增加。年度活跃买家增长了7%，目前总数为1.87亿。与此同时，其年度活跃卖家增长了8%，总数达到2000万。我们可以看到，随着我们从全球大流行中恢复过来，该公司正在全力以赴。考虑到这一点，您会将EBAY股票添加到您的观察列表中吗？</blockquote></p><p></p><p> <a href=\"https://laohu8.com/S/09988\">Alibaba</a> Group Holding Ltd</p><p><blockquote><a href=\"https://laohu8.com/S/09988\">阿里巴巴-SW</a>集团控股有限公司</blockquote></p><p> Coming up next, we have <a href=\"https://laohu8.com/S/AONE\">one</a> of the largest e-commerce companies in the world, <a href=\"https://laohu8.com/S/BABA\">Alibaba</a>. The company’s technology infrastructure and marketing reach help merchants and brands to leverage the power of technology to engage its users, and customers to operate. As of today, its three main sites, Taobao, Tmall, and <a href=\"https://laohu8.com/S/09988\">Alibaba</a>.com boast hundreds of millions of users and host millions of merchants and businesses.</p><p><blockquote>接下来，我们有<a href=\"https://laohu8.com/S/AONE\">一</a>在全球最大的电子商务公司中，<a href=\"https://laohu8.com/S/BABA\">阿里巴巴-SW</a>该公司的技术基础设施和营销覆盖范围帮助商家和品牌利用技术的力量来吸引用户和客户进行运营。截至今日，旗下淘宝、天猫、<a href=\"https://laohu8.com/S/09988\">阿里巴巴-SW</a>.com拥有数亿用户，拥有数百万商家和企业。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/fd0bf902b6908baca1ebc71478c54967\" tg-width=\"250\" tg-height=\"209\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Fundamentally, the company is as strong as ever. For its fourth-quarter fiscal 2021 earnings report, its revenue climbed to $28.6 billion, representing a 64% increase. Alibaba also reported 811 million annual active consumers in <a href=\"https://laohu8.com/S/CAAS\">China</a> which represents an 11% growth year-over-year. This is important because retaining and attracting active consumers would support the company’s business model.</p><p><blockquote>从根本上说，该公司一如既往地强大。在2021财年第四季度收益报告中，其收入攀升至286亿美元，增长64%。阿里巴巴-SW还报告称，年活跃消费者为8.11亿<a href=\"https://laohu8.com/S/CAAS\">中国</a>同比增长11%。这一点很重要，因为留住和吸引活跃的消费者将支持公司的商业模式。</blockquote></p><p> That said, it has not been a fantastic year for Alibaba this year. The company’s struggle this year was affected by the Chinese government. Alibaba was hit with a record fine of $2.75 billion earlier in April. However, the worst could be over for the company as the Chinese government is slowly shifting its focus to the company’s competitors. So, if you have missed the boat on BABA stock prior to this, could this be the classic buy-on-dip opportunity?</p><p><blockquote>也就是说，今年对阿里巴巴-SW来说并不是美妙的一年。该公司今年的困境受到了中国政府的影响。4月初，阿里巴巴-SW被处以创纪录的27.5亿美元罚款。然而，随着中国政府慢慢将重点转向该公司的竞争对手，该公司最糟糕的时期可能已经过去。那么，如果您在此之前错过了阿里巴巴股票的机会，那么这可能是经典的逢低买入机会吗？</blockquote></p><p> Chewy Inc</p><p><blockquote>耐嚼公司</blockquote></p><p> Last on this list, we have an e-commerce company that specializes in pet products, Chewy. In essence, it provides pet food and treats, pet supplies and pet medications, and other pet-health products, as well as pet services. Pet lovers out there could access all these products through its chewy.com retail website, and its mobile applications. The company stock may have been trading sideways since the start of the year. But, it has still climbed by over 70% over the past year.</p><p><blockquote>最后，我们有一家专门从事宠物产品的电子商务公司Chewy。本质上，它提供宠物食品和零食、宠物用品和宠物药物、其他宠物健康产品以及宠物服务。宠物爱好者可以通过其chewy.com零售网站及其移动应用程序访问所有这些产品。自今年年初以来，该公司股票可能一直在横盘整理。但是，在过去的一年里，它仍然攀升了70%以上。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/15d6c920416f733d0edf62d1148a8061\" tg-width=\"250\" tg-height=\"209\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> In June, the company posted its first-quarter financial report that beat analysts’ expectations. Its net sales were $2.14 billion, growing 31.7% year-over-year. Meanwhile, its adjusted EBITDA came in at $77.4 million and its net income was $38.7 million. More importantly, Chewy added 600,000 active customers during the quarter which brings the number of active customers to 19.2 million. All in all, the company is growing in the right direction.</p><p><blockquote>6月，该公司发布了超出分析师预期的第一季度财务报告。其净销售额为21.4亿美元，同比增长31.7%。与此同时，其调整后EBITDA为7740万美元，净利润为3870万美元。更重要的是，Chewy在本季度增加了60万活跃客户，使活跃客户数量达到1920万。总而言之，公司正在朝着正确的方向发展。</blockquote></p><p> Furthermore, Chewy also continues to innovate on their popular telehealth service, Connect with a Vet. May’s expansion includes the highly anticipated video consultation feature which allows pre-scheduling virtual vet consultation and extended hours of operation including weekends. With this, customers gain more accessibility to the company’s services and a better experience overall. With that in mind, would CHWY stock make your watchlist?</p><p><blockquote>此外，Chewy还继续创新他们广受欢迎的远程医疗服务“与兽医联系”。May的扩展包括备受期待的视频咨询功能，该功能允许预先安排虚拟兽医咨询和延长营业时间，包括周末。通过这种方式，客户可以更容易地获得公司的服务，并获得更好的整体体验。考虑到这一点，CHWY股票会列入您的观察名单吗？</blockquote></p><p></p>","source":"lsy1603171495471","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Best E-Commerce Stocks To Buy In July 2021? 4 Names In Focus<blockquote>2021年7月最值得购买的电子商务股票？4个名字成为焦点</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\">\nBest E-Commerce Stocks To Buy In July 2021? 4 Names In Focus<blockquote>2021年7月最值得购买的电子商务股票？4个名字成为焦点</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Nasdaq</strong><span class=\"h-time small\">2021-07-05 10:35</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Could These Be The Top E-Commerce Stocks To Watch Right Now?</p><p><blockquote>这些可能是目前最值得关注的电子商务股票吗？</blockquote></p><p> E-commerce stocks had a historic year in thestock marketlast year. Well, it shouldn’t come as a surprise since many countries around the world were sent into lockdown. At that point, most shopping activities were conducted online. So, even those who were skeptical of online shopping initially must have been exposed to e-commerce platforms. This is of course due to the advancement of technology as well. Some company’s platforms such as Pinterest Inc (NYSE: PINS) even have augmented reality features that would allow you to have a rough idea of what you’re getting.</p><p><blockquote>去年，电子商务股票在股市上度过了历史性的一年。嗯，这并不奇怪，因为世界上许多国家都被封锁了。那时，大多数购物活动都是在网上进行的。所以，即使是那些最初对网上购物持怀疑态度的人，也一定接触过电子商务平台。这当然也是由于技术的进步。Pinterest公司（纽约证券交易所股票代码：PINS）等一些公司的平台甚至具有增强现实功能，可以让您大致了解您将获得的内容。</blockquote></p><p> The shift to online shopping has resulted in many emerging e-commerce companies. For example, we have Jumia Technologies (NYSE: JMIA) that aims to be the top online marketplace in the whole of Africa. Perhaps, this should not be overlooked as e-commerce is still a growing sector in Africa. Moreover, JMIA stock has already soared by more than 400% just within the past year. Now, if you are optimistic about the future of e-commerce, here’s a list of fourtop e-commerce stocks to watchin thestock market today.</p><p><blockquote>向网上购物的转变催生了许多新兴的电子商务公司。例如，我们有Jumia Technologies（纽约证券交易所代码：JMIA），其目标是成为整个非洲的顶级在线市场。也许，这不应该被忽视，因为电子商务在非洲仍然是一个不断增长的部门。此外，JMIA股价仅在过去一年内就飙升了400%以上。现在，如果您对电子商务的未来持乐观态度，这里列出了当今股市值得关注的四大电子商务股票。</blockquote></p><p> Best E-Commerce Stocks To Watch</p><p><blockquote>最值得关注的电子商务股票</blockquote></p><p> <ul>  <li><b><a href=\"https://laohu8.com/S/ETSY\">Etsy</a> Inc</b>(NASDAQ: ETSY)</li>  <li><b><a href=\"https://laohu8.com/S/EBAYL\">eBay</a> Inc</b>(NASDAQ: EBAY)</li>  <li><b><a href=\"https://laohu8.com/S/BABA\">Alibaba</a> Group Holding Ltd</b>(NYSE: BABA)</li>  <li><b>Chewy Inc</b>(NYSE: CHWY)</li> </ul> <a href=\"https://laohu8.com/S/ETSY\">Etsy</a> Inc</p><p><blockquote><ul><li><b><a href=\"https://laohu8.com/S/ETSY\">Etsy</a>Inc</b>（纳斯达克：ETSY）</li><li><b><a href=\"https://laohu8.com/S/EBAYL\">eBay</a>Inc</b>（纳斯达克：EBAY）</li><li><b><a href=\"https://laohu8.com/S/BABA\">阿里巴巴-SW</a>集团控股有限公司</b>（纽约证券交易所代码：BABA）</li><li><b>耐嚼公司</b>（纽约证券交易所代码：CHWY）</li></ul><a href=\"https://laohu8.com/S/ETSY\">Etsy</a>Inc</blockquote></p><p> Let us start the list with Etsy. The company operates a marketplace where people globally connect, both online and offline to sell and buy goods. It also offers a range of seller services and tools that help entrepreneurs manage their businesses. As of now, the company’s seller services include Direct Checkout, Promoted Listings, Shipping Labels, and <a href=\"https://laohu8.com/S/PEGI\">Pattern</a> by Etsy. ETSY stock has risen by over 80% over the past year.</p><p><blockquote>让我们从Etsy开始。该公司运营着一个市场，人们可以在线上和线下进行全球联系，买卖商品。它还提供一系列卖家服务和工具，帮助企业家管理他们的业务。截至目前，该公司的卖家服务包括直接结账、促销列表、运输标签和<a href=\"https://laohu8.com/S/PEGI\">模式</a>作者Etsy。ETSY股价在过去一年上涨了80%以上。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/4998810533317bc7562c92dbf9801556\" tg-width=\"250\" tg-height=\"209\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> On Monday, Etsy signed a definitive agreement to acquire Elo7, a privately held marketplace for unique, handmade items, ranked as a top 10 e-commerce site in Brazil. The Elo7 marketplace connects approximately 1.9 million active buyers with approximately 56,000 active sellers and currently has approximately 8 million items for sale. Hence, this deal would establish Etsy’s presence in Latin America, an underpenetrated e-commerce region.</p><p><blockquote>周一，Etsy签署了一项最终协议，收购Elo7，这是一个私人拥有的独特手工商品市场，在巴西排名前十的电子商务网站。Elo7市场连接了大约190万活跃买家和大约56,000名活跃卖家，目前有大约800万件商品待售。因此，这笔交易将确立Etsy在拉丁美洲这个电子商务渗透率较低的地区的地位。</blockquote></p><p> Etsy is not resting on its laurels. It also signed a definitive agreement to acquire Depop, a purpose-driven marketplace for unique fashion for $1.625 billion earlier in June. Depop is a community-powered marketplace to buy and sell unique fashion, with a mission to build the world’s most diverse and progressive home of fashion. It appears that 90% of Depop’s active users are under the age of 26. So, this could serve as a resale home for Gen Z consumers to the Etsy family. Given all these exciting developments, would you consider investing in ETSY stock?</p><p><blockquote>Etsy并没有固步自封。6月初，该公司还签署了一项最终协议，以16.25亿美元收购Depop，这是一个以目的为导向的独特时尚市场。Depop是一个社区驱动的市场，买卖独特的时尚，其使命是建立世界上最多样化和最进步的时尚之家。Depop 90%的活跃用户年龄在26岁以下。因此，这可以作为Z世代消费者向Etsy家族的转售房屋。鉴于所有这些令人兴奋的发展，您会考虑投资ETSY股票吗？</blockquote></p><p> <a href=\"https://laohu8.com/S/EBAY\">eBay</a> Inc</p><p><blockquote><a href=\"https://laohu8.com/S/EBAY\">eBay</a>Inc</blockquote></p><p> Next, we have <a href=\"https://laohu8.com/S/AONE\">one</a> of the industry leaders of e-commerce, <a href=\"https://laohu8.com/S/EBAYL\">eBay</a>. Essentially, the company operates marketplace platforms that connect buyers and sellers globally. This includes its online marketplace at ebay.com and the <a href=\"https://laohu8.com/S/EBAY\">eBay</a> suite of mobile apps. So, you could buy, sell, and pay for items through various online and offline channels. eBay stock has been <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the better-performing stocks within the e-commerce space this year. It has climbed by over 35% year-to-date.</p><p><blockquote>接下来，我们有<a href=\"https://laohu8.com/S/AONE\">一</a>电子商务的行业领导者，<a href=\"https://laohu8.com/S/EBAYL\">eBay</a>本质上，该公司运营连接全球买家和卖家的市场平台。这包括其在ebay.com的在线市场和<a href=\"https://laohu8.com/S/EBAY\">eBay</a>移动应用套件。因此，你可以通过各种线上和线下渠道购买、销售和支付物品。eBay股票已<a href=\"https://laohu8.com/S/AONE.U\">一</a>今年电子商务领域表现较好的股票之一。今年迄今已攀升超过35%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/3225891cc70ad7e916ca99aa07101ba2\" tg-width=\"250\" tg-height=\"209\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <a href=\"https://laohu8.com/S/JE\">Just</a> last week, the company announced the completion of the transfer of its Classifieds business to Adevinta in exchange for $2.5 billion cash and a 44% equity stake in Adevinta. This combination will hopefully create a leading global online classifieds business. In the long run, both companies will be primed to benefit from its combined portfolio that may offer additional value for its customers and shareholders.</p><p><blockquote><a href=\"https://laohu8.com/S/JE\">刚刚</a>上周，该公司宣布完成将其分类广告业务转让给Adevinta，以换取25亿美元现金和Adevinta 44%的股权。这一合并将有望创造一个领先的全球在线分类广告业务。从长远来看，两家公司都将从其合并后的投资组合中受益，这可能会为其客户和股东提供额外的价值。</blockquote></p><p> eBay also had an impressive first quarter to start the year with the highest revenue growth since 2005. Its revenue was $3.0 billion, up 42% on an as-reported basis. There was also increased activity on its platform. Annual active buyers grew by 7%, now at a total of 187 million. Meanwhile, its annual active sellers grew by 8%, for a total of 20 million. We can see that the company is firing on all cylinders as we recover from the global pandemic. With that in mind, would you add EBAY stock to your watchlist?</p><p><blockquote>eBay今年第一季度的收入增长也令人印象深刻，创下了2005年以来的最高水平。其收入为30亿美元，较报告增长42%。其平台上的活动也有所增加。年度活跃买家增长了7%，目前总数为1.87亿。与此同时，其年度活跃卖家增长了8%，总数达到2000万。我们可以看到，随着我们从全球大流行中恢复过来，该公司正在全力以赴。考虑到这一点，您会将EBAY股票添加到您的观察列表中吗？</blockquote></p><p></p><p> <a href=\"https://laohu8.com/S/09988\">Alibaba</a> Group Holding Ltd</p><p><blockquote><a href=\"https://laohu8.com/S/09988\">阿里巴巴-SW</a>集团控股有限公司</blockquote></p><p> Coming up next, we have <a href=\"https://laohu8.com/S/AONE\">one</a> of the largest e-commerce companies in the world, <a href=\"https://laohu8.com/S/BABA\">Alibaba</a>. The company’s technology infrastructure and marketing reach help merchants and brands to leverage the power of technology to engage its users, and customers to operate. As of today, its three main sites, Taobao, Tmall, and <a href=\"https://laohu8.com/S/09988\">Alibaba</a>.com boast hundreds of millions of users and host millions of merchants and businesses.</p><p><blockquote>接下来，我们有<a href=\"https://laohu8.com/S/AONE\">一</a>在全球最大的电子商务公司中，<a href=\"https://laohu8.com/S/BABA\">阿里巴巴-SW</a>该公司的技术基础设施和营销覆盖范围帮助商家和品牌利用技术的力量来吸引用户和客户进行运营。截至今日，旗下淘宝、天猫、<a href=\"https://laohu8.com/S/09988\">阿里巴巴-SW</a>.com拥有数亿用户，拥有数百万商家和企业。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/fd0bf902b6908baca1ebc71478c54967\" tg-width=\"250\" tg-height=\"209\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Fundamentally, the company is as strong as ever. For its fourth-quarter fiscal 2021 earnings report, its revenue climbed to $28.6 billion, representing a 64% increase. Alibaba also reported 811 million annual active consumers in <a href=\"https://laohu8.com/S/CAAS\">China</a> which represents an 11% growth year-over-year. This is important because retaining and attracting active consumers would support the company’s business model.</p><p><blockquote>从根本上说，该公司一如既往地强大。在2021财年第四季度收益报告中，其收入攀升至286亿美元，增长64%。阿里巴巴-SW还报告称，年活跃消费者为8.11亿<a href=\"https://laohu8.com/S/CAAS\">中国</a>同比增长11%。这一点很重要，因为留住和吸引活跃的消费者将支持公司的商业模式。</blockquote></p><p> That said, it has not been a fantastic year for Alibaba this year. The company’s struggle this year was affected by the Chinese government. Alibaba was hit with a record fine of $2.75 billion earlier in April. However, the worst could be over for the company as the Chinese government is slowly shifting its focus to the company’s competitors. So, if you have missed the boat on BABA stock prior to this, could this be the classic buy-on-dip opportunity?</p><p><blockquote>也就是说，今年对阿里巴巴-SW来说并不是美妙的一年。该公司今年的困境受到了中国政府的影响。4月初，阿里巴巴-SW被处以创纪录的27.5亿美元罚款。然而，随着中国政府慢慢将重点转向该公司的竞争对手，该公司最糟糕的时期可能已经过去。那么，如果您在此之前错过了阿里巴巴股票的机会，那么这可能是经典的逢低买入机会吗？</blockquote></p><p> Chewy Inc</p><p><blockquote>耐嚼公司</blockquote></p><p> Last on this list, we have an e-commerce company that specializes in pet products, Chewy. In essence, it provides pet food and treats, pet supplies and pet medications, and other pet-health products, as well as pet services. Pet lovers out there could access all these products through its chewy.com retail website, and its mobile applications. The company stock may have been trading sideways since the start of the year. But, it has still climbed by over 70% over the past year.</p><p><blockquote>最后，我们有一家专门从事宠物产品的电子商务公司Chewy。本质上，它提供宠物食品和零食、宠物用品和宠物药物、其他宠物健康产品以及宠物服务。宠物爱好者可以通过其chewy.com零售网站及其移动应用程序访问所有这些产品。自今年年初以来，该公司股票可能一直在横盘整理。但是，在过去的一年里，它仍然攀升了70%以上。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/15d6c920416f733d0edf62d1148a8061\" tg-width=\"250\" tg-height=\"209\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> In June, the company posted its first-quarter financial report that beat analysts’ expectations. Its net sales were $2.14 billion, growing 31.7% year-over-year. Meanwhile, its adjusted EBITDA came in at $77.4 million and its net income was $38.7 million. More importantly, Chewy added 600,000 active customers during the quarter which brings the number of active customers to 19.2 million. All in all, the company is growing in the right direction.</p><p><blockquote>6月，该公司发布了超出分析师预期的第一季度财务报告。其净销售额为21.4亿美元，同比增长31.7%。与此同时，其调整后EBITDA为7740万美元，净利润为3870万美元。更重要的是，Chewy在本季度增加了60万活跃客户，使活跃客户数量达到1920万。总而言之，公司正在朝着正确的方向发展。</blockquote></p><p> Furthermore, Chewy also continues to innovate on their popular telehealth service, Connect with a Vet. May’s expansion includes the highly anticipated video consultation feature which allows pre-scheduling virtual vet consultation and extended hours of operation including weekends. With this, customers gain more accessibility to the company’s services and a better experience overall. With that in mind, would CHWY stock make your watchlist?</p><p><blockquote>此外，Chewy还继续创新他们广受欢迎的远程医疗服务“与兽医联系”。May的扩展包括备受期待的视频咨询功能，该功能允许预先安排虚拟兽医咨询和延长营业时间，包括周末。通过这种方式，客户可以更容易地获得公司的服务，并获得更好的整体体验。考虑到这一点，CHWY股票会列入您的观察名单吗？</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.nasdaq.com/articles/best-e-commerce-stocks-to-buy-in-july-2021-4-names-in-focus-2021-07-02\">Nasdaq</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ETSY":"Etsy, Inc.","CHWY":"Chewy, Inc.","EBAY":"eBay","BABA":"阿里巴巴"},"source_url":"https://www.nasdaq.com/articles/best-e-commerce-stocks-to-buy-in-july-2021-4-names-in-focus-2021-07-02","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1170100655","content_text":"Could These Be The Top E-Commerce Stocks To Watch Right Now?\nE-commerce stocks had a historic year in thestock marketlast year. Well, it shouldn’t come as a surprise since many countries around the world were sent into lockdown. At that point, most shopping activities were conducted online. So, even those who were skeptical of online shopping initially must have been exposed to e-commerce platforms. This is of course due to the advancement of technology as well. Some company’s platforms such as Pinterest Inc (NYSE: PINS) even have augmented reality features that would allow you to have a rough idea of what you’re getting.\nThe shift to online shopping has resulted in many emerging e-commerce companies. For example, we have Jumia Technologies (NYSE: JMIA) that aims to be the top online marketplace in the whole of Africa. Perhaps, this should not be overlooked as e-commerce is still a growing sector in Africa. Moreover, JMIA stock has already soared by more than 400% just within the past year. Now, if you are optimistic about the future of e-commerce, here’s a list of fourtop e-commerce stocks to watchin thestock market today.\nBest E-Commerce Stocks To Watch\n\nEtsy Inc(NASDAQ: ETSY)\neBay Inc(NASDAQ: EBAY)\nAlibaba Group Holding Ltd(NYSE: BABA)\nChewy Inc(NYSE: CHWY)\n\nEtsy Inc\nLet us start the list with Etsy. The company operates a marketplace where people globally connect, both online and offline to sell and buy goods. It also offers a range of seller services and tools that help entrepreneurs manage their businesses. As of now, the company’s seller services include Direct Checkout, Promoted Listings, Shipping Labels, and Pattern by Etsy. ETSY stock has risen by over 80% over the past year.\n\nOn Monday, Etsy signed a definitive agreement to acquire Elo7, a privately held marketplace for unique, handmade items, ranked as a top 10 e-commerce site in Brazil. The Elo7 marketplace connects approximately 1.9 million active buyers with approximately 56,000 active sellers and currently has approximately 8 million items for sale. Hence, this deal would establish Etsy’s presence in Latin America, an underpenetrated e-commerce region.\nEtsy is not resting on its laurels. It also signed a definitive agreement to acquire Depop, a purpose-driven marketplace for unique fashion for $1.625 billion earlier in June. Depop is a community-powered marketplace to buy and sell unique fashion, with a mission to build the world’s most diverse and progressive home of fashion. It appears that 90% of Depop’s active users are under the age of 26. So, this could serve as a resale home for Gen Z consumers to the Etsy family. Given all these exciting developments, would you consider investing in ETSY stock?\neBay Inc\nNext, we have one of the industry leaders of e-commerce, eBay. Essentially, the company operates marketplace platforms that connect buyers and sellers globally. This includes its online marketplace at ebay.com and the eBay suite of mobile apps. So, you could buy, sell, and pay for items through various online and offline channels. eBay stock has been one of the better-performing stocks within the e-commerce space this year. It has climbed by over 35% year-to-date.\n\nJust last week, the company announced the completion of the transfer of its Classifieds business to Adevinta in exchange for $2.5 billion cash and a 44% equity stake in Adevinta. This combination will hopefully create a leading global online classifieds business. In the long run, both companies will be primed to benefit from its combined portfolio that may offer additional value for its customers and shareholders.\neBay also had an impressive first quarter to start the year with the highest revenue growth since 2005. Its revenue was $3.0 billion, up 42% on an as-reported basis. There was also increased activity on its platform. Annual active buyers grew by 7%, now at a total of 187 million. Meanwhile, its annual active sellers grew by 8%, for a total of 20 million. We can see that the company is firing on all cylinders as we recover from the global pandemic. With that in mind, would you add EBAY stock to your watchlist?\nAlibaba Group Holding Ltd\nComing up next, we have one of the largest e-commerce companies in the world, Alibaba. The company’s technology infrastructure and marketing reach help merchants and brands to leverage the power of technology to engage its users, and customers to operate. As of today, its three main sites, Taobao, Tmall, and Alibaba.com boast hundreds of millions of users and host millions of merchants and businesses.\n\nFundamentally, the company is as strong as ever. For its fourth-quarter fiscal 2021 earnings report, its revenue climbed to $28.6 billion, representing a 64% increase. Alibaba also reported 811 million annual active consumers in China which represents an 11% growth year-over-year. This is important because retaining and attracting active consumers would support the company’s business model.\nThat said, it has not been a fantastic year for Alibaba this year. The company’s struggle this year was affected by the Chinese government. Alibaba was hit with a record fine of $2.75 billion earlier in April. However, the worst could be over for the company as the Chinese government is slowly shifting its focus to the company’s competitors. So, if you have missed the boat on BABA stock prior to this, could this be the classic buy-on-dip opportunity?\nChewy Inc\nLast on this list, we have an e-commerce company that specializes in pet products, Chewy. In essence, it provides pet food and treats, pet supplies and pet medications, and other pet-health products, as well as pet services. Pet lovers out there could access all these products through its chewy.com retail website, and its mobile applications. The company stock may have been trading sideways since the start of the year. But, it has still climbed by over 70% over the past year.\n\nIn June, the company posted its first-quarter financial report that beat analysts’ expectations. Its net sales were $2.14 billion, growing 31.7% year-over-year. Meanwhile, its adjusted EBITDA came in at $77.4 million and its net income was $38.7 million. More importantly, Chewy added 600,000 active customers during the quarter which brings the number of active customers to 19.2 million. All in all, the company is growing in the right direction.\nFurthermore, Chewy also continues to innovate on their popular telehealth service, Connect with a Vet. May’s expansion includes the highly anticipated video consultation feature which allows pre-scheduling virtual vet consultation and extended hours of operation including weekends. With this, customers gain more accessibility to the company’s services and a better experience overall. With that in mind, would CHWY stock make your watchlist?","news_type":1,"symbols_score_info":{"BOTB.UK":0.9,"BABA":0.9,"CHWY":0.9,"ETSY":0.9,"EBAY":0.9}},"isVote":1,"tweetType":1,"viewCount":306,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":158516512,"gmtCreate":1625155399636,"gmtModify":1633944149143,"author":{"id":"3574891778837790","authorId":"3574891778837790","name":"DerekC","avatar":"https://static.tigerbbs.com/02824f1a06daf256b2ea13cc9eba6e85","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574891778837790","authorIdStr":"3574891778837790"},"themes":[],"htmlText":"It is nothing new, so as the expensive price&nbsp;[笑哭]&nbsp;","listText":"It is nothing new, so as the expensive price&nbsp;[笑哭]&nbsp;","text":"It is nothing new, so as the expensive price [笑哭]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/158516512","repostId":"1113357649","repostType":2,"repost":{"id":"1113357649","kind":"news","pubTimestamp":1625133776,"share":"https://www.laohu8.com/m/news/1113357649?lang=zh_CN&edition=full","pubTime":"2021-07-01 18:02","market":"us","language":"en","title":"Amazon: Undervalued With Potential Upside Of 25%<blockquote>亚马逊：被低估，潜在上涨空间为25%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1113357649","media":"seekingalpha","summary":"Amazon is a unique and growing company that uses its disruptive platform to disrupt any new business it enters.I initiate Amazon with a bullish rating and a fair value of $3576/share .The company's improving top line and bottom line performance  suggests that the stock is currently undervalued by 3.9%.Amazon, a $1.74 trillion company. This is the current market capitalization  of the company and this implies that it is currently 15.18% away from being a $2 trillion company, not bad no?I initiate","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Amazon is a unique and growing company that uses its disruptive platform to disrupt any new business it enters.</li>  <li>I initiate Amazon with a bullish rating and a fair value of $3576/share (vs. the current price of $3443/share).</li>  <li>The company's improving top line and bottom line performance (which is expected to continue) suggests that the stock is currently undervalued by 3.9%.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/51ce52baed5afae04a384059297465d3\" tg-width=\"1536\" tg-height=\"1024\"><span>Daria Nipot/iStock Editorial via Getty Images</span></p><p><blockquote><ul><li>亚马逊是一家独特且不断发展的公司，它利用其颠覆性平台来颠覆其进入的任何新业务。</li><li>我对亚马逊的评级为看涨，公允价值为3576美元/股（当前价格为3443美元/股）。</li><li>该公司营收和利润业绩的改善（预计将持续下去）表明该股目前被低估了3.9%。</li></ul><p class=\"t-img-caption\"><span>Daria Nipot/iStock社论来自Getty Images</span></p></blockquote></p><p> <b>Company Overview</b></p><p><blockquote><b>公司概况</b></blockquote></p><p> Amazon(NASDAQ:AMZN), a $1.74 trillion company. This is the current market capitalization (as of 06/29/2021) of the company and this implies that it is currently 15.18% away from being a $2 trillion company, not bad no?</p><p><blockquote>亚马逊（纳斯达克股票代码：AMZN），一家市值1.74万亿美元的公司。这是该公司目前的市值（截至2021年6月29日），这意味着它目前距离成为2万亿美元的公司还有15.18%的距离，还不错吧？</blockquote></p><p> Amazon is a unique and growing company that uses its disruptive platform to disrupt any new business it enters. For example, when Amazon announced the acquisition of Whole Foods, Walmart(NYSE:WMT), Kroger(NYSE:KR), Target(NYSE:TGT)took a&nbsp;nice hit&nbsp;in market value. I believe that the company will be able to keep delivering strong top line growth and continued growth in margins, fueled not only by the company's current business expansion but also by entering into new markets and new businesses.</p><p><blockquote>亚马逊是一家独特且不断发展的公司，它利用其颠覆性平台来颠覆其进入的任何新业务。例如，当亚马逊宣布收购全食超市时，沃尔玛（纽约证券交易所代码：WMT）、克罗格（纽约证券交易所代码：KR）、塔吉特（纽约证券交易所代码：TGT）的市值遭受了巨大打击。我相信，公司将能够继续实现强劲的营收增长和利润率的持续增长，这不仅得益于公司当前的业务扩张，还得益于进入新市场和新业务。</blockquote></p><p> <b>Company Analysis</b></p><p><blockquote><b>公司分析</b></blockquote></p><p> I initiate Amazon with a bullish rating and a fair value of $3576/share (vs. the current price of $3443/share). The FV is an algorithm-adjusted fair value (the algorithm takes into account fundamental and technical factors, such as DCF FV, momentum, etc.) and it implies that the stock is undervalued by 3.9%.</p><p><blockquote>我对亚马逊的评级为看涨，公允价值为3576美元/股（当前价格为3443美元/股）。FV是算法调整后的公允价值（算法考虑了基本面和技术因素，如DCF FV、动量等。）它意味着股票被低估了3.9%。</blockquote></p><p> To compute the DCF FV, I used the trailing twelve-month numbers and I also restated the financials since I capitalized on R&amp;D expenses with an amortizable life of 3 years. As&nbsp;with Apple(NASDAQ:AAPL), I don't believe that Amazon's R&amp;D is an operating expense, and for this reason, I treat it as CapEx. By taking into account the R&amp;D, the following metrics have been restated (all numbers in $mm).</p><p><blockquote>为了计算DCF FV，我使用了过去12个月的数据，并且我还重述了财务数据，因为我将可摊销期限为3年的研发费用资本化。与苹果（纳斯达克股票代码：AAPL）一样，我不认为亚马逊的研发是一项运营费用，因此，我将其视为资本支出。考虑到研发，以下指标已被重述（所有数字均以百万美元为单位）。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bb427d462596db1e1cb1ffc99acc90e4\" tg-width=\"571\" tg-height=\"240\"><span>Source:Author's estimates using data from the latest 10-K report</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：作者使用最新10-K报告数据进行的估计</span></p></blockquote></p><p> Capitalizing on R&amp;D expenses, we have now a more clear picture of the company (i.e. the restated operating margin is now 9.03% TTM vs the non-restated operating margin is 6.63% TTM).</p><p><blockquote>利用研发费用，我们现在对公司有了更清晰的了解（即重述营业利润率现在为9.03%TTM，而非重述营业利润率为6.63%TTM）。</blockquote></p><p> <b>Discounted Cash Flow Model</b></p><p><blockquote><b>折现现金流量模型</b></blockquote></p><p> Now, let's turn to the discounted cash flow valuation part. Below, you can see the results with the relative assumptions I have made.</p><p><blockquote>现在，让我们转向贴现现金流估值部分。下面，你可以看到我所做的相对假设的结果。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0e215b21ca0b3be5a5e0e7b62e36fb5f\" tg-width=\"640\" tg-height=\"268\"><span>Source:Author's estimates using data from the latest 10-K report</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：作者使用最新10-K报告数据进行的估计</span></p></blockquote></p><p> In my DCF model, I assume a revenue growth for the Y1 of 21.2%, a CAGR Y2-Y5 of 15% and I assume a terminal year growth rate of 1.48% (or the current yield on 10Y Treasury). The decision of using the current and not expected yield is due to the willingness to remain market neutral (perhaps you can use&nbsp;Goldman Sachs expectations&nbsp;of 1.9%). The current assumptions lead to revenues of $1,253,844 million in Y10.</p><p><blockquote>在我的DCF模型中，我假设Y1的收入增长率为21.2%，Y2-Y5的复合年增长率为15%，并假设最终年增长率为1.48%（或10年期国债的当前收益率）。使用当前而非预期收益率的决定是出于保持市场中性的意愿（或许可以使用高盛1.9%的预期）。目前的假设导致Y10的收入为12,538.44亿美元。</blockquote></p><p> Along the road, I also assume an improving outlook for operating margins with the target operating margin of 13.2% (vs current restated operating margin of 9.03%). If the company will be able to meet this target, it will result in operating margins in Y10 of $163,097 million.</p><p><blockquote>在此过程中，我还假设营业利润率前景有所改善，目标营业利润率为13.2%（当前重述营业利润率为9.03%）。如果公司能够实现这一目标，2010年的营业利润率将达到1630.97亿美元。</blockquote></p><p> Finally, in doing my estimates, I used a WACC of 5.75% and a sales to capital ratio (or how much the company is going to reinvest to keep its business growing) of 2.95.</p><p><blockquote>最后，在进行估计时，我使用了5.75%的WACC和2.95的销售资本比率（或公司将进行多少再投资以保持业务增长）。</blockquote></p><p> By putting it together, I obtain a DCF value of $3328/share.</p><p><blockquote>通过将它们放在一起，我获得了3328美元/股的DCF值。</blockquote></p><p> <b>Monte Carlo Simulation</b></p><p><blockquote><b>蒙特卡罗模拟</b></blockquote></p><p> Rather than showing you only my point estimates, which may be right but also may be wrong, let's use probability distributions for inputs. Simulations allow us to assess the impact of continuous risk (e.g., changes in operating margins). In particular, I would like to focus on what I consider the main inputs of interest to get a bigger picture of the risk in the company. Those inputs are:</p><p><blockquote>与其只向您展示我的点估计，这可能是正确的，也可能是错误的，让我们使用概率分布作为输入。模拟使我们能够评估持续风险的影响（例如，营业利润率的变化）。特别是，我想重点关注我认为感兴趣的主要输入，以更好地了解公司的风险。这些输入是：</blockquote></p><p> <i>1. Revenue Growth:</i></p><p><blockquote><i>1、营收增长：</i></blockquote></p><p></p><p> In my DCF analysis, I assumed an expected CAGR Y2-Y5 of 15% with lower rates going forward. This assumption lead to revenues in Y10 of $1,253,844 million. While it is a reasonable assumption, Amazon is full of surprises, and it may deliver a top line growth well above my expectations. In the latter, I see a possible scenario with a CAGR Y2-Y5 of 24%, resulting in Y10 revenues of $1,989,952 million. However, we all know that regulators represent a big risk for the company. According to&nbsp;WSJ sources, if the \"giant-tech bill\" will pass, the company may be forced to either split into two companies or spin off its private-label product businesses. This represents a big risk that may slow down Amazon's growth, which could translate into a growth rate of 6% (resulting in Y10 revenues of $764,723 million). To sum up, I will assume a uniform distribution with a maximum of 24% and a minimum of 6%. The results are displayed below (this simulation and the next one have been performed 10,000 times).</p><p><blockquote>在我的DCF分析中，我假设Y2-Y5的预期复合年增长率为15%，未来利率较低。这一假设导致2010年的收入为125,384.4亿美元。虽然这是一个合理的假设，但亚马逊充满了惊喜，它可能会实现远高于我预期的营收增长。在后者中，我认为CAGR Y2-Y5为24%，导致Y10收入为1,9899.52亿美元。然而，我们都知道监管机构对公司来说是一个很大的风险。据《华尔街日报》消息人士透露，如果“巨人科技法案”获得通过，该公司可能会被迫拆分为两家公司或剥离其自有品牌产品业务。这是一个很大的风险，可能会减缓亚马逊的增长，这可能会转化为6%的增长率（导致Y10收入为7647.23亿美元）。综上所述，我将假设最大24%，最小6%的均匀分布。结果如下所示（该模拟和下一个模拟已经执行了10,000次）。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/893dff753c8ca210759feb31b3966a5c\" tg-width=\"640\" tg-height=\"235\"><span>Source:Author's estimates</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：作者估计</span></p></blockquote></p><p> <i>2. Operating Margin</i>:</p><p><blockquote><i>2.营业利润率</i>：</blockquote></p><p> Currently, Amazon has a restated operating margin of 9.03% TTM (vs not restated EBIT margin of 6.83%). In my DCF, I assumed a target operating margin of 13.2%. While this represents my most likely scenario for the company, I cannot close my eyes to the fact that, even if the company is improving its margins, it is following a very slow climb. Below, I display the non-restated EBIT margin for the last 5 years.</p><p><blockquote>目前，亚马逊的TTM重述营业利润率为9.03%（未重述息税前利润率为6.83%）。在我的DCF中，我假设目标营业利润率为13.2%。虽然这代表了我对该公司最有可能的情况，但我不能忽视这样一个事实：即使该公司的利润率正在提高，但它的攀升速度也非常缓慢。下面，我显示了过去5年未经重述的息税前利润率。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6d66fcb05f4254b15de278f016121ffa\" tg-width=\"640\" tg-height=\"221\"><span>Source:SeekingAlpha.com</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：SeekingAlpha.com</span></p></blockquote></p><p> However, as I stated at the beginning, Amazon is a disruptive company with the ability to do extraordinary things. For instance, AWS presents a current operating margin of 30% TTM and a revenue growth rate of 29.53% in 2020. A trend which is expected to continue, driven by improving outlook and with new partners joining the party. The last to join the party are Ferrari(NYSE:RACE)and Swisscom(OTCPK:SWZCF)who have chosen AWS as their&nbsp;preferred cloud partner.</p><p><blockquote>不过，正如我开头所说，亚马逊是一家颠覆性的公司，有能力做非凡的事情。例如，AWS目前的营业利润率为30%TTM，2020年收入增长率为29.53%。由于前景改善以及有新伙伴加入党，这一趋势有望持续。最后一个加入派对的是法拉利（纽约证券交易所代码：RACE）和瑞士电信（OTCPK代码：SWZCF），他们选择AWS作为首选的云合作伙伴。</blockquote></p><p> In 2020,according to Gartner, AWS generated revenue 2 times bigger than Microsoft(NASDAQ:MSFT). As stated by Gartner:</p><p><blockquote>根据Gartner的数据，2020年AWS的收入是微软（纳斯达克：MSFT）的2倍。如Gartner所述：</blockquote></p><p>   <i>The worldwide</i>&nbsp;  <i>infrastructure as a service(IaaS) market grew 40.7% in 2020 to total $64.3 billion, up from $45.7 billion in 2019, according to Gartner, Inc. Amazon retained the No. 1 position in the IaaS market in 2020, followed by Microsoft, Alibaba, Google and Huawei... Amazon continued to lead the worldwide IaaS market with $26.2 billion of revenue in 2020 and 41% market share.</i>  <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ac00a17cbbd930ad6464a63f6d4f98eb\" tg-width=\"640\" tg-height=\"388\"><span>Source:Gartner.com</span></p><p><blockquote><i>世界范围</i> <i>根据Gartner，Inc.的数据，基础设施即服务（IaaS）市场在2020年增长了40.7%，达到643亿美元，高于2019年的457亿美元。亚马逊在2020年保持了IaaS市场的第一名，其次是微软、阿里巴巴-SW、谷歌和华为...亚马逊在2020年以262亿美元的收入和41%的市场份额继续引领全球IaaS市场。</i><p class=\"t-img-caption\"><span>资料来源：Gartner.com</span></p></blockquote></p><p> Finally, to account for my concerns and beliefs, I will assume a triangular distribution with the following limits: the likeliest target operating margin of 13.2%, a maximum of 18.4%, and a minimum of 8% (close to the current company's EBIT margin). The results are displayed below.</p><p><blockquote>最后，为了说明我的担忧和信念，我将假设一个三角形分布，并有以下限制：最可能的目标营业利润率为13.2%，最高为18.4%，最低为8%（接近当前公司的息税前利润率）。结果如下所示。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/054e2db392be500768de741516186013\" tg-width=\"640\" tg-height=\"237\"><span>Source:Author's estimates</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：作者估计</span></p></blockquote></p><p> <i>3. Cost of Capital:</i></p><p><blockquote><i>3.资金成本：</i></blockquote></p><p> The last input of interest is the cost of capital. In doing my analysis, I estimated a cost of capital of 5.8% (with the current 10Y rate of 1.48 and an implied ERP of 4.54%). However, I may be wrong due to sector risk estimates or changes in the business mix (or both). To account for the possibility that I made some mistakes along the road, I will rely on a lognormal distribution with the most likely scenario of 5.8%. The results of the simulation are displayed below.</p><p><blockquote>利息的最后一个输入是资本成本。在进行分析时，我估计资本成本为5.8%（当前10年利率为1.48，隐含ERP为4.54%）。然而，由于行业风险估计或业务组合的变化（或两者兼而有之），我可能是错误的。为了说明我在这条路上犯了一些错误的可能性，我将依赖对数正态分布，最有可能的情况是5.8%。模拟结果如下所示。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a7d51740fa35eb9aedbc58c4c49d96eb\" tg-width=\"640\" tg-height=\"235\"><span>Source:Author's estimates</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：作者估计</span></p></blockquote></p><p> By putting all of this together, the simulations return the following results.</p><p><blockquote>通过将所有这些放在一起，模拟返回以下结果。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/139c89300706eab1e37dd1c992286d31\" tg-width=\"640\" tg-height=\"222\"><span>Source:Author's estimates</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：作者估计</span></p></blockquote></p><p> For completeness, I also display below the relative and cumulative frequency of the simulation.</p><p><blockquote>为了完整起见，我还在下面显示了模拟的相对频率和累积频率。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/af7a908e21b8678a775a3e1742161a7d\" tg-width=\"573\" tg-height=\"644\"><span>Source:Author's estimates</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：作者估计</span></p></blockquote></p><p> By looking at the results, we can see that the 50th percentile or the median is equal to $3274, close to the expected DCF FV of $3328. While the algorithm-adjusted FV of $3576 is the 60th percentile in my simulations (note also the long right tail).</p><p><blockquote>通过查看结果，我们可以看到第50百分位或中位数等于3274美元，接近预期的DCF FV 3328美元。而算法调整后的FV为3576美元，是我模拟中的第60百分位（也请注意右尾长）。</blockquote></p><p></p><p> Finally, simulation results give us an interesting insight into a potential exit point. I believe that an interesting take profit point may be within the 80th percentile, which implies a potential upside of 24.89%. Why within the 80th percentile? I believe that, after reaching the $2.0 trillion company status, we will see the last climb of euphoria before investors start to take profits.</p><p><blockquote>最后，模拟结果让我们对潜在的退出点有了有趣的了解。我认为一个有趣的止盈点可能在第80百分位内，这意味着24.89%的潜在上涨空间。为什么在第80百分位以内？我相信，在达到2.0万亿美元的公司地位后，我们将看到投资者开始获利了结之前最后一次兴奋的攀升。</blockquote></p><p> <b>Final Thoughts</b></p><p><blockquote><b>最后的想法</b></blockquote></p><p> Both the algorithm-adjusted fair value and the Monte Carlo simulation suggest and support the bullish rating. The results found suggest that the stock is currently undervalued and that the company has still more room to go. What may drive the price to go higher? Well, there are different factors that may drive it. One of those is for sure corporate news. For instance, the company may introduce new products or announce a stock split (For the latter, I think this is unlikely, at least not now). However, don't forget also the other side, the risks. There are many risks associated with being invested in the company, one of those is represented by antitrust and regulators.</p><p><blockquote>算法调整后的公允价值和蒙特卡罗模拟都建议并支持看涨评级。结果表明，该股目前被低估，该公司仍有更大的发展空间。什么可能会推动价格走高？嗯，有不同的因素可能会驱动它。其中之一肯定是企业新闻。例如，公司可能会推出新产品或宣布股票分割（对于后者，我认为这不太可能，至少现在不太可能）。然而，也不要忘记另一面，风险。投资该公司存在许多风险，其中之一就是反垄断和监管机构。</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>Amazon: Undervalued With Potential Upside Of 25%<blockquote>亚马逊：被低估，潜在上涨空间为25%</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\">\nAmazon: Undervalued With Potential Upside Of 25%<blockquote>亚马逊：被低估，潜在上涨空间为25%</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">seekingalpha</strong><span class=\"h-time small\">2021-07-01 18:02</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>Amazon is a unique and growing company that uses its disruptive platform to disrupt any new business it enters.</li>  <li>I initiate Amazon with a bullish rating and a fair value of $3576/share (vs. the current price of $3443/share).</li>  <li>The company's improving top line and bottom line performance (which is expected to continue) suggests that the stock is currently undervalued by 3.9%.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/51ce52baed5afae04a384059297465d3\" tg-width=\"1536\" tg-height=\"1024\"><span>Daria Nipot/iStock Editorial via Getty Images</span></p><p><blockquote><ul><li>亚马逊是一家独特且不断发展的公司，它利用其颠覆性平台来颠覆其进入的任何新业务。</li><li>我对亚马逊的评级为看涨，公允价值为3576美元/股（当前价格为3443美元/股）。</li><li>该公司营收和利润业绩的改善（预计将持续下去）表明该股目前被低估了3.9%。</li></ul><p class=\"t-img-caption\"><span>Daria Nipot/iStock社论来自Getty Images</span></p></blockquote></p><p> <b>Company Overview</b></p><p><blockquote><b>公司概况</b></blockquote></p><p> Amazon(NASDAQ:AMZN), a $1.74 trillion company. This is the current market capitalization (as of 06/29/2021) of the company and this implies that it is currently 15.18% away from being a $2 trillion company, not bad no?</p><p><blockquote>亚马逊（纳斯达克股票代码：AMZN），一家市值1.74万亿美元的公司。这是该公司目前的市值（截至2021年6月29日），这意味着它目前距离成为2万亿美元的公司还有15.18%的距离，还不错吧？</blockquote></p><p> Amazon is a unique and growing company that uses its disruptive platform to disrupt any new business it enters. For example, when Amazon announced the acquisition of Whole Foods, Walmart(NYSE:WMT), Kroger(NYSE:KR), Target(NYSE:TGT)took a&nbsp;nice hit&nbsp;in market value. I believe that the company will be able to keep delivering strong top line growth and continued growth in margins, fueled not only by the company's current business expansion but also by entering into new markets and new businesses.</p><p><blockquote>亚马逊是一家独特且不断发展的公司，它利用其颠覆性平台来颠覆其进入的任何新业务。例如，当亚马逊宣布收购全食超市时，沃尔玛（纽约证券交易所代码：WMT）、克罗格（纽约证券交易所代码：KR）、塔吉特（纽约证券交易所代码：TGT）的市值遭受了巨大打击。我相信，公司将能够继续实现强劲的营收增长和利润率的持续增长，这不仅得益于公司当前的业务扩张，还得益于进入新市场和新业务。</blockquote></p><p> <b>Company Analysis</b></p><p><blockquote><b>公司分析</b></blockquote></p><p> I initiate Amazon with a bullish rating and a fair value of $3576/share (vs. the current price of $3443/share). The FV is an algorithm-adjusted fair value (the algorithm takes into account fundamental and technical factors, such as DCF FV, momentum, etc.) and it implies that the stock is undervalued by 3.9%.</p><p><blockquote>我对亚马逊的评级为看涨，公允价值为3576美元/股（当前价格为3443美元/股）。FV是算法调整后的公允价值（算法考虑了基本面和技术因素，如DCF FV、动量等。）它意味着股票被低估了3.9%。</blockquote></p><p> To compute the DCF FV, I used the trailing twelve-month numbers and I also restated the financials since I capitalized on R&amp;D expenses with an amortizable life of 3 years. As&nbsp;with Apple(NASDAQ:AAPL), I don't believe that Amazon's R&amp;D is an operating expense, and for this reason, I treat it as CapEx. By taking into account the R&amp;D, the following metrics have been restated (all numbers in $mm).</p><p><blockquote>为了计算DCF FV，我使用了过去12个月的数据，并且我还重述了财务数据，因为我将可摊销期限为3年的研发费用资本化。与苹果（纳斯达克股票代码：AAPL）一样，我不认为亚马逊的研发是一项运营费用，因此，我将其视为资本支出。考虑到研发，以下指标已被重述（所有数字均以百万美元为单位）。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bb427d462596db1e1cb1ffc99acc90e4\" tg-width=\"571\" tg-height=\"240\"><span>Source:Author's estimates using data from the latest 10-K report</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：作者使用最新10-K报告数据进行的估计</span></p></blockquote></p><p> Capitalizing on R&amp;D expenses, we have now a more clear picture of the company (i.e. the restated operating margin is now 9.03% TTM vs the non-restated operating margin is 6.63% TTM).</p><p><blockquote>利用研发费用，我们现在对公司有了更清晰的了解（即重述营业利润率现在为9.03%TTM，而非重述营业利润率为6.63%TTM）。</blockquote></p><p> <b>Discounted Cash Flow Model</b></p><p><blockquote><b>折现现金流量模型</b></blockquote></p><p> Now, let's turn to the discounted cash flow valuation part. Below, you can see the results with the relative assumptions I have made.</p><p><blockquote>现在，让我们转向贴现现金流估值部分。下面，你可以看到我所做的相对假设的结果。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0e215b21ca0b3be5a5e0e7b62e36fb5f\" tg-width=\"640\" tg-height=\"268\"><span>Source:Author's estimates using data from the latest 10-K report</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：作者使用最新10-K报告数据进行的估计</span></p></blockquote></p><p> In my DCF model, I assume a revenue growth for the Y1 of 21.2%, a CAGR Y2-Y5 of 15% and I assume a terminal year growth rate of 1.48% (or the current yield on 10Y Treasury). The decision of using the current and not expected yield is due to the willingness to remain market neutral (perhaps you can use&nbsp;Goldman Sachs expectations&nbsp;of 1.9%). The current assumptions lead to revenues of $1,253,844 million in Y10.</p><p><blockquote>在我的DCF模型中，我假设Y1的收入增长率为21.2%，Y2-Y5的复合年增长率为15%，并假设最终年增长率为1.48%（或10年期国债的当前收益率）。使用当前而非预期收益率的决定是出于保持市场中性的意愿（或许可以使用高盛1.9%的预期）。目前的假设导致Y10的收入为12,538.44亿美元。</blockquote></p><p> Along the road, I also assume an improving outlook for operating margins with the target operating margin of 13.2% (vs current restated operating margin of 9.03%). If the company will be able to meet this target, it will result in operating margins in Y10 of $163,097 million.</p><p><blockquote>在此过程中，我还假设营业利润率前景有所改善，目标营业利润率为13.2%（当前重述营业利润率为9.03%）。如果公司能够实现这一目标，2010年的营业利润率将达到1630.97亿美元。</blockquote></p><p> Finally, in doing my estimates, I used a WACC of 5.75% and a sales to capital ratio (or how much the company is going to reinvest to keep its business growing) of 2.95.</p><p><blockquote>最后，在进行估计时，我使用了5.75%的WACC和2.95的销售资本比率（或公司将进行多少再投资以保持业务增长）。</blockquote></p><p> By putting it together, I obtain a DCF value of $3328/share.</p><p><blockquote>通过将它们放在一起，我获得了3328美元/股的DCF值。</blockquote></p><p> <b>Monte Carlo Simulation</b></p><p><blockquote><b>蒙特卡罗模拟</b></blockquote></p><p> Rather than showing you only my point estimates, which may be right but also may be wrong, let's use probability distributions for inputs. Simulations allow us to assess the impact of continuous risk (e.g., changes in operating margins). In particular, I would like to focus on what I consider the main inputs of interest to get a bigger picture of the risk in the company. Those inputs are:</p><p><blockquote>与其只向您展示我的点估计，这可能是正确的，也可能是错误的，让我们使用概率分布作为输入。模拟使我们能够评估持续风险的影响（例如，营业利润率的变化）。特别是，我想重点关注我认为感兴趣的主要输入，以更好地了解公司的风险。这些输入是：</blockquote></p><p> <i>1. Revenue Growth:</i></p><p><blockquote><i>1、营收增长：</i></blockquote></p><p></p><p> In my DCF analysis, I assumed an expected CAGR Y2-Y5 of 15% with lower rates going forward. This assumption lead to revenues in Y10 of $1,253,844 million. While it is a reasonable assumption, Amazon is full of surprises, and it may deliver a top line growth well above my expectations. In the latter, I see a possible scenario with a CAGR Y2-Y5 of 24%, resulting in Y10 revenues of $1,989,952 million. However, we all know that regulators represent a big risk for the company. According to&nbsp;WSJ sources, if the \"giant-tech bill\" will pass, the company may be forced to either split into two companies or spin off its private-label product businesses. This represents a big risk that may slow down Amazon's growth, which could translate into a growth rate of 6% (resulting in Y10 revenues of $764,723 million). To sum up, I will assume a uniform distribution with a maximum of 24% and a minimum of 6%. The results are displayed below (this simulation and the next one have been performed 10,000 times).</p><p><blockquote>在我的DCF分析中，我假设Y2-Y5的预期复合年增长率为15%，未来利率较低。这一假设导致2010年的收入为125,384.4亿美元。虽然这是一个合理的假设，但亚马逊充满了惊喜，它可能会实现远高于我预期的营收增长。在后者中，我认为CAGR Y2-Y5为24%，导致Y10收入为1,9899.52亿美元。然而，我们都知道监管机构对公司来说是一个很大的风险。据《华尔街日报》消息人士透露，如果“巨人科技法案”获得通过，该公司可能会被迫拆分为两家公司或剥离其自有品牌产品业务。这是一个很大的风险，可能会减缓亚马逊的增长，这可能会转化为6%的增长率（导致Y10收入为7647.23亿美元）。综上所述，我将假设最大24%，最小6%的均匀分布。结果如下所示（该模拟和下一个模拟已经执行了10,000次）。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/893dff753c8ca210759feb31b3966a5c\" tg-width=\"640\" tg-height=\"235\"><span>Source:Author's estimates</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：作者估计</span></p></blockquote></p><p> <i>2. Operating Margin</i>:</p><p><blockquote><i>2.营业利润率</i>：</blockquote></p><p> Currently, Amazon has a restated operating margin of 9.03% TTM (vs not restated EBIT margin of 6.83%). In my DCF, I assumed a target operating margin of 13.2%. While this represents my most likely scenario for the company, I cannot close my eyes to the fact that, even if the company is improving its margins, it is following a very slow climb. Below, I display the non-restated EBIT margin for the last 5 years.</p><p><blockquote>目前，亚马逊的TTM重述营业利润率为9.03%（未重述息税前利润率为6.83%）。在我的DCF中，我假设目标营业利润率为13.2%。虽然这代表了我对该公司最有可能的情况，但我不能忽视这样一个事实：即使该公司的利润率正在提高，但它的攀升速度也非常缓慢。下面，我显示了过去5年未经重述的息税前利润率。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6d66fcb05f4254b15de278f016121ffa\" tg-width=\"640\" tg-height=\"221\"><span>Source:SeekingAlpha.com</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：SeekingAlpha.com</span></p></blockquote></p><p> However, as I stated at the beginning, Amazon is a disruptive company with the ability to do extraordinary things. For instance, AWS presents a current operating margin of 30% TTM and a revenue growth rate of 29.53% in 2020. A trend which is expected to continue, driven by improving outlook and with new partners joining the party. The last to join the party are Ferrari(NYSE:RACE)and Swisscom(OTCPK:SWZCF)who have chosen AWS as their&nbsp;preferred cloud partner.</p><p><blockquote>不过，正如我开头所说，亚马逊是一家颠覆性的公司，有能力做非凡的事情。例如，AWS目前的营业利润率为30%TTM，2020年收入增长率为29.53%。由于前景改善以及有新伙伴加入党，这一趋势有望持续。最后一个加入派对的是法拉利（纽约证券交易所代码：RACE）和瑞士电信（OTCPK代码：SWZCF），他们选择AWS作为首选的云合作伙伴。</blockquote></p><p> In 2020,according to Gartner, AWS generated revenue 2 times bigger than Microsoft(NASDAQ:MSFT). As stated by Gartner:</p><p><blockquote>根据Gartner的数据，2020年AWS的收入是微软（纳斯达克：MSFT）的2倍。如Gartner所述：</blockquote></p><p>   <i>The worldwide</i>&nbsp;  <i>infrastructure as a service(IaaS) market grew 40.7% in 2020 to total $64.3 billion, up from $45.7 billion in 2019, according to Gartner, Inc. Amazon retained the No. 1 position in the IaaS market in 2020, followed by Microsoft, Alibaba, Google and Huawei... Amazon continued to lead the worldwide IaaS market with $26.2 billion of revenue in 2020 and 41% market share.</i>  <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ac00a17cbbd930ad6464a63f6d4f98eb\" tg-width=\"640\" tg-height=\"388\"><span>Source:Gartner.com</span></p><p><blockquote><i>世界范围</i> <i>根据Gartner，Inc.的数据，基础设施即服务（IaaS）市场在2020年增长了40.7%，达到643亿美元，高于2019年的457亿美元。亚马逊在2020年保持了IaaS市场的第一名，其次是微软、阿里巴巴-SW、谷歌和华为...亚马逊在2020年以262亿美元的收入和41%的市场份额继续引领全球IaaS市场。</i><p class=\"t-img-caption\"><span>资料来源：Gartner.com</span></p></blockquote></p><p> Finally, to account for my concerns and beliefs, I will assume a triangular distribution with the following limits: the likeliest target operating margin of 13.2%, a maximum of 18.4%, and a minimum of 8% (close to the current company's EBIT margin). The results are displayed below.</p><p><blockquote>最后，为了说明我的担忧和信念，我将假设一个三角形分布，并有以下限制：最可能的目标营业利润率为13.2%，最高为18.4%，最低为8%（接近当前公司的息税前利润率）。结果如下所示。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/054e2db392be500768de741516186013\" tg-width=\"640\" tg-height=\"237\"><span>Source:Author's estimates</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：作者估计</span></p></blockquote></p><p> <i>3. Cost of Capital:</i></p><p><blockquote><i>3.资金成本：</i></blockquote></p><p> The last input of interest is the cost of capital. In doing my analysis, I estimated a cost of capital of 5.8% (with the current 10Y rate of 1.48 and an implied ERP of 4.54%). However, I may be wrong due to sector risk estimates or changes in the business mix (or both). To account for the possibility that I made some mistakes along the road, I will rely on a lognormal distribution with the most likely scenario of 5.8%. The results of the simulation are displayed below.</p><p><blockquote>利息的最后一个输入是资本成本。在进行分析时，我估计资本成本为5.8%（当前10年利率为1.48，隐含ERP为4.54%）。然而，由于行业风险估计或业务组合的变化（或两者兼而有之），我可能是错误的。为了说明我在这条路上犯了一些错误的可能性，我将依赖对数正态分布，最有可能的情况是5.8%。模拟结果如下所示。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a7d51740fa35eb9aedbc58c4c49d96eb\" tg-width=\"640\" tg-height=\"235\"><span>Source:Author's estimates</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：作者估计</span></p></blockquote></p><p> By putting all of this together, the simulations return the following results.</p><p><blockquote>通过将所有这些放在一起，模拟返回以下结果。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/139c89300706eab1e37dd1c992286d31\" tg-width=\"640\" tg-height=\"222\"><span>Source:Author's estimates</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：作者估计</span></p></blockquote></p><p> For completeness, I also display below the relative and cumulative frequency of the simulation.</p><p><blockquote>为了完整起见，我还在下面显示了模拟的相对频率和累积频率。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/af7a908e21b8678a775a3e1742161a7d\" tg-width=\"573\" tg-height=\"644\"><span>Source:Author's estimates</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：作者估计</span></p></blockquote></p><p> By looking at the results, we can see that the 50th percentile or the median is equal to $3274, close to the expected DCF FV of $3328. While the algorithm-adjusted FV of $3576 is the 60th percentile in my simulations (note also the long right tail).</p><p><blockquote>通过查看结果，我们可以看到第50百分位或中位数等于3274美元，接近预期的DCF FV 3328美元。而算法调整后的FV为3576美元，是我模拟中的第60百分位（也请注意右尾长）。</blockquote></p><p></p><p> Finally, simulation results give us an interesting insight into a potential exit point. I believe that an interesting take profit point may be within the 80th percentile, which implies a potential upside of 24.89%. Why within the 80th percentile? I believe that, after reaching the $2.0 trillion company status, we will see the last climb of euphoria before investors start to take profits.</p><p><blockquote>最后，模拟结果让我们对潜在的退出点有了有趣的了解。我认为一个有趣的止盈点可能在第80百分位内，这意味着24.89%的潜在上涨空间。为什么在第80百分位以内？我相信，在达到2.0万亿美元的公司地位后，我们将看到投资者开始获利了结之前最后一次兴奋的攀升。</blockquote></p><p> <b>Final Thoughts</b></p><p><blockquote><b>最后的想法</b></blockquote></p><p> Both the algorithm-adjusted fair value and the Monte Carlo simulation suggest and support the bullish rating. The results found suggest that the stock is currently undervalued and that the company has still more room to go. What may drive the price to go higher? Well, there are different factors that may drive it. One of those is for sure corporate news. For instance, the company may introduce new products or announce a stock split (For the latter, I think this is unlikely, at least not now). However, don't forget also the other side, the risks. There are many risks associated with being invested in the company, one of those is represented by antitrust and regulators.</p><p><blockquote>算法调整后的公允价值和蒙特卡罗模拟都建议并支持看涨评级。结果表明，该股目前被低估，该公司仍有更大的发展空间。什么可能会推动价格走高？嗯，有不同的因素可能会驱动它。其中之一肯定是企业新闻。例如，公司可能会推出新产品或宣布股票分割（对于后者，我认为这不太可能，至少现在不太可能）。然而，也不要忘记另一面，风险。投资该公司存在许多风险，其中之一就是反垄断和监管机构。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4437291-amazon-stock-amzn-undervalued-with-potential-upside-of-25-percent\">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":{"AMZN":"亚马逊"},"source_url":"https://seekingalpha.com/article/4437291-amazon-stock-amzn-undervalued-with-potential-upside-of-25-percent","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1113357649","content_text":"Summary\n\nAmazon is a unique and growing company that uses its disruptive platform to disrupt any new business it enters.\nI initiate Amazon with a bullish rating and a fair value of $3576/share (vs. the current price of $3443/share).\nThe company's improving top line and bottom line performance (which is expected to continue) suggests that the stock is currently undervalued by 3.9%.\n\nDaria Nipot/iStock Editorial via Getty Images\nCompany Overview\nAmazon(NASDAQ:AMZN), a $1.74 trillion company. This is the current market capitalization (as of 06/29/2021) of the company and this implies that it is currently 15.18% away from being a $2 trillion company, not bad no?\nAmazon is a unique and growing company that uses its disruptive platform to disrupt any new business it enters. For example, when Amazon announced the acquisition of Whole Foods, Walmart(NYSE:WMT), Kroger(NYSE:KR), Target(NYSE:TGT)took a nice hit in market value. I believe that the company will be able to keep delivering strong top line growth and continued growth in margins, fueled not only by the company's current business expansion but also by entering into new markets and new businesses.\nCompany Analysis\nI initiate Amazon with a bullish rating and a fair value of $3576/share (vs. the current price of $3443/share). The FV is an algorithm-adjusted fair value (the algorithm takes into account fundamental and technical factors, such as DCF FV, momentum, etc.) and it implies that the stock is undervalued by 3.9%.\nTo compute the DCF FV, I used the trailing twelve-month numbers and I also restated the financials since I capitalized on R&D expenses with an amortizable life of 3 years. As with Apple(NASDAQ:AAPL), I don't believe that Amazon's R&D is an operating expense, and for this reason, I treat it as CapEx. By taking into account the R&D, the following metrics have been restated (all numbers in $mm).\nSource:Author's estimates using data from the latest 10-K report\nCapitalizing on R&D expenses, we have now a more clear picture of the company (i.e. the restated operating margin is now 9.03% TTM vs the non-restated operating margin is 6.63% TTM).\nDiscounted Cash Flow Model\nNow, let's turn to the discounted cash flow valuation part. Below, you can see the results with the relative assumptions I have made.\nSource:Author's estimates using data from the latest 10-K report\nIn my DCF model, I assume a revenue growth for the Y1 of 21.2%, a CAGR Y2-Y5 of 15% and I assume a terminal year growth rate of 1.48% (or the current yield on 10Y Treasury). The decision of using the current and not expected yield is due to the willingness to remain market neutral (perhaps you can use Goldman Sachs expectations of 1.9%). The current assumptions lead to revenues of $1,253,844 million in Y10.\nAlong the road, I also assume an improving outlook for operating margins with the target operating margin of 13.2% (vs current restated operating margin of 9.03%). If the company will be able to meet this target, it will result in operating margins in Y10 of $163,097 million.\nFinally, in doing my estimates, I used a WACC of 5.75% and a sales to capital ratio (or how much the company is going to reinvest to keep its business growing) of 2.95.\nBy putting it together, I obtain a DCF value of $3328/share.\nMonte Carlo Simulation\nRather than showing you only my point estimates, which may be right but also may be wrong, let's use probability distributions for inputs. Simulations allow us to assess the impact of continuous risk (e.g., changes in operating margins). In particular, I would like to focus on what I consider the main inputs of interest to get a bigger picture of the risk in the company. Those inputs are:\n1. Revenue Growth:\nIn my DCF analysis, I assumed an expected CAGR Y2-Y5 of 15% with lower rates going forward. This assumption lead to revenues in Y10 of $1,253,844 million. While it is a reasonable assumption, Amazon is full of surprises, and it may deliver a top line growth well above my expectations. In the latter, I see a possible scenario with a CAGR Y2-Y5 of 24%, resulting in Y10 revenues of $1,989,952 million. However, we all know that regulators represent a big risk for the company. According to WSJ sources, if the \"giant-tech bill\" will pass, the company may be forced to either split into two companies or spin off its private-label product businesses. This represents a big risk that may slow down Amazon's growth, which could translate into a growth rate of 6% (resulting in Y10 revenues of $764,723 million). To sum up, I will assume a uniform distribution with a maximum of 24% and a minimum of 6%. The results are displayed below (this simulation and the next one have been performed 10,000 times).\nSource:Author's estimates\n2. Operating Margin:\nCurrently, Amazon has a restated operating margin of 9.03% TTM (vs not restated EBIT margin of 6.83%). In my DCF, I assumed a target operating margin of 13.2%. While this represents my most likely scenario for the company, I cannot close my eyes to the fact that, even if the company is improving its margins, it is following a very slow climb. Below, I display the non-restated EBIT margin for the last 5 years.\nSource:SeekingAlpha.com\nHowever, as I stated at the beginning, Amazon is a disruptive company with the ability to do extraordinary things. For instance, AWS presents a current operating margin of 30% TTM and a revenue growth rate of 29.53% in 2020. A trend which is expected to continue, driven by improving outlook and with new partners joining the party. The last to join the party are Ferrari(NYSE:RACE)and Swisscom(OTCPK:SWZCF)who have chosen AWS as their preferred cloud partner.\nIn 2020,according to Gartner, AWS generated revenue 2 times bigger than Microsoft(NASDAQ:MSFT). As stated by Gartner:\n\nThe worldwide \n infrastructure as a service(IaaS) market grew 40.7% in 2020 to total $64.3 billion, up from $45.7 billion in 2019, according to Gartner, Inc. Amazon retained the No. 1 position in the IaaS market in 2020, followed by Microsoft, Alibaba, Google and Huawei... Amazon continued to lead the worldwide IaaS market with $26.2 billion of revenue in 2020 and 41% market share.\n\nSource:Gartner.com\nFinally, to account for my concerns and beliefs, I will assume a triangular distribution with the following limits: the likeliest target operating margin of 13.2%, a maximum of 18.4%, and a minimum of 8% (close to the current company's EBIT margin). The results are displayed below.\nSource:Author's estimates\n3. Cost of Capital:\nThe last input of interest is the cost of capital. In doing my analysis, I estimated a cost of capital of 5.8% (with the current 10Y rate of 1.48 and an implied ERP of 4.54%). However, I may be wrong due to sector risk estimates or changes in the business mix (or both). To account for the possibility that I made some mistakes along the road, I will rely on a lognormal distribution with the most likely scenario of 5.8%. The results of the simulation are displayed below.\nSource:Author's estimates\nBy putting all of this together, the simulations return the following results.\nSource:Author's estimates\nFor completeness, I also display below the relative and cumulative frequency of the simulation.\nSource:Author's estimates\nBy looking at the results, we can see that the 50th percentile or the median is equal to $3274, close to the expected DCF FV of $3328. While the algorithm-adjusted FV of $3576 is the 60th percentile in my simulations (note also the long right tail).\nFinally, simulation results give us an interesting insight into a potential exit point. I believe that an interesting take profit point may be within the 80th percentile, which implies a potential upside of 24.89%. Why within the 80th percentile? I believe that, after reaching the $2.0 trillion company status, we will see the last climb of euphoria before investors start to take profits.\nFinal Thoughts\nBoth the algorithm-adjusted fair value and the Monte Carlo simulation suggest and support the bullish rating. The results found suggest that the stock is currently undervalued and that the company has still more room to go. What may drive the price to go higher? Well, there are different factors that may drive it. One of those is for sure corporate news. For instance, the company may introduce new products or announce a stock split (For the latter, I think this is unlikely, at least not now). However, don't forget also the other side, the risks. There are many risks associated with being invested in the company, one of those is represented by antitrust and regulators.","news_type":1,"symbols_score_info":{"AMZN":0.9}},"isVote":1,"tweetType":1,"viewCount":1053,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":151430014,"gmtCreate":1625101553038,"gmtModify":1633944812395,"author":{"id":"3574891778837790","authorId":"3574891778837790","name":"DerekC","avatar":"https://static.tigerbbs.com/02824f1a06daf256b2ea13cc9eba6e85","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574891778837790","authorIdStr":"3574891778837790"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/151430014","repostId":"1123487269","repostType":4,"isVote":1,"tweetType":1,"viewCount":630,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":151497052,"gmtCreate":1625101508676,"gmtModify":1633944813354,"author":{"id":"3574891778837790","authorId":"3574891778837790","name":"DerekC","avatar":"https://static.tigerbbs.com/02824f1a06daf256b2ea13cc9eba6e85","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574891778837790","authorIdStr":"3574891778837790"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/151497052","repostId":"1123487269","repostType":4,"isVote":1,"tweetType":1,"viewCount":631,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":151494194,"gmtCreate":1625101468918,"gmtModify":1633944814067,"author":{"id":"3574891778837790","authorId":"3574891778837790","name":"DerekC","avatar":"https://static.tigerbbs.com/02824f1a06daf256b2ea13cc9eba6e85","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574891778837790","authorIdStr":"3574891778837790"},"themes":[],"htmlText":"Micron&nbsp;","listText":"Micron&nbsp;","text":"Micron","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/151494194","repostId":"2148431298","repostType":4,"isVote":1,"tweetType":1,"viewCount":653,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":153171805,"gmtCreate":1625015445507,"gmtModify":1633945849729,"author":{"id":"3574891778837790","authorId":"3574891778837790","name":"DerekC","avatar":"https://static.tigerbbs.com/02824f1a06daf256b2ea13cc9eba6e85","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574891778837790","authorIdStr":"3574891778837790"},"themes":[],"htmlText":"Another potential target tht would drew US attention?&nbsp;","listText":"Another potential target tht would drew US attention?&nbsp;","text":"Another potential target tht would drew US attention?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/153171805","repostId":"1198714523","repostType":2,"isVote":1,"tweetType":1,"viewCount":575,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":165156256,"gmtCreate":1624109884475,"gmtModify":1634010617706,"author":{"id":"3574891778837790","authorId":"3574891778837790","name":"DerekC","avatar":"https://static.tigerbbs.com/02824f1a06daf256b2ea13cc9eba6e85","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574891778837790","authorIdStr":"3574891778837790"},"themes":[],"htmlText":"Next 10 years?&nbsp;","listText":"Next 10 years?&nbsp;","text":"Next 10 years?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/165156256","repostId":"1127823989","repostType":2,"isVote":1,"tweetType":1,"viewCount":371,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":161576755,"gmtCreate":1623936964077,"gmtModify":1634025647928,"author":{"id":"3574891778837790","authorId":"3574891778837790","name":"DerekC","avatar":"https://static.tigerbbs.com/02824f1a06daf256b2ea13cc9eba6e85","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574891778837790","authorIdStr":"3574891778837790"},"themes":[],"htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/161576755","repostId":"1183583910","repostType":4,"repost":{"id":"1183583910","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1623919017,"share":"https://www.laohu8.com/m/news/1183583910?lang=zh_CN&edition=full","pubTime":"2021-06-17 16:36","market":"sh","language":"en","title":"SenseTime confirmed to list in Hong Kong<blockquote>商汤科技确认赴港上市</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1183583910","media":"Tiger Newspress","summary":"It is reported that SenseTime confirmed to be listed in Hong Kong,application will be submitted to ","content":"<p><img src=\"https://static.tigerbbs.com/d21446f1b70ff8c8a905dcdd49797b62\" tg-width=\"1000\" tg-height=\"667\" referrerpolicy=\"no-referrer\">It&nbsp;is&nbsp;reported&nbsp;that&nbsp;SenseTime confirmed to be listed in Hong Kong,application&nbsp;will be submitted to the Hong Kong Stock Exchange as soon as August.</p><p><blockquote>据悉，商汤科技确认赴港上市，最快将于8月向港交所递交申请。</blockquote></p><p>The Chinese biometric unicorn was previously rumored to be considering an initial public offering on the&nbsp;Shanghai STAR market, expecting to raise $1.5 billion at a $10 billion valuation.</p><p><blockquote>此前有传言称，这家中国生物识别独角兽正在考虑在上海科创板进行首次公开募股，预计以100亿美元的估值筹集15亿美元。</blockquote></p><p>The publication says SenseTime executives discussed a potential Hong Kong listing internally and with third parties. A source suggested the company is open to a listing in both Hong Kong and Shanghai, though not necessarily at the same time.</p><p><blockquote>该出版物称，商汤科技高管在内部以及与第三方讨论了在香港上市的可能性。一位消息人士表示，该公司对在香港和上海上市持开放态度，但不一定同时上市。</blockquote></p><p>Chinese media reports earlier this year included a $12 billion valuation for SenseTime in its latest financing round.</p><p><blockquote>中国媒体今年早些时候的报道包括商汤科技在最新一轮融资中的估值为120亿美元。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SenseTime confirmed to list in Hong Kong<blockquote>商汤科技确认赴港上市</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\">\nSenseTime confirmed to list in Hong Kong<blockquote>商汤科技确认赴港上市</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-06-17 16:36</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><img src=\"https://static.tigerbbs.com/d21446f1b70ff8c8a905dcdd49797b62\" tg-width=\"1000\" tg-height=\"667\" referrerpolicy=\"no-referrer\">It&nbsp;is&nbsp;reported&nbsp;that&nbsp;SenseTime confirmed to be listed in Hong Kong,application&nbsp;will be submitted to the Hong Kong Stock Exchange as soon as August.</p><p><blockquote>据悉，商汤科技确认赴港上市，最快将于8月向港交所递交申请。</blockquote></p><p>The Chinese biometric unicorn was previously rumored to be considering an initial public offering on the&nbsp;Shanghai STAR market, expecting to raise $1.5 billion at a $10 billion valuation.</p><p><blockquote>此前有传言称，这家中国生物识别独角兽正在考虑在上海科创板进行首次公开募股，预计以100亿美元的估值筹集15亿美元。</blockquote></p><p>The publication says SenseTime executives discussed a potential Hong Kong listing internally and with third parties. A source suggested the company is open to a listing in both Hong Kong and Shanghai, though not necessarily at the same time.</p><p><blockquote>该出版物称，商汤科技高管在内部以及与第三方讨论了在香港上市的可能性。一位消息人士表示，该公司对在香港和上海上市持开放态度，但不一定同时上市。</blockquote></p><p>Chinese media reports earlier this year included a $12 billion valuation for SenseTime in its latest financing round.</p><p><blockquote>中国媒体今年早些时候的报道包括商汤科技在最新一轮融资中的估值为120亿美元。</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":"1183583910","content_text":"It is reported that SenseTime confirmed to be listed in Hong Kong,application will be submitted to the Hong Kong Stock Exchange as soon as August.The Chinese biometric unicorn was previously rumored to be considering an initial public offering on the Shanghai STAR market, expecting to raise $1.5 billion at a $10 billion valuation.The publication says SenseTime executives discussed a potential Hong Kong listing internally and with third parties. A source suggested the company is open to a listing in both Hong Kong and Shanghai, though not necessarily at the same time.Chinese media reports earlier this year included a $12 billion valuation for SenseTime in its latest financing round.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":377,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}