Kenngaroo的个人主页 - 老虎社区

Kenngaroo

Kenngaroo

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2021-05-08

hi all

2021-05-06

team kontol

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2021-05-02

nice

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2021-05-02

shaggy

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2021-04-29

why tho

Apple rose nearly 3% in premarket trading<blockquote>苹果盘前交易涨近3%</blockquote>

2021-04-27

dang

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2021-04-27

sick stuff

Microsoft Nears $2 Trillion Market Cap. Earnings Are Tuesday.<blockquote>微软市值接近2万亿美元。收益将于周二公布。</blockquote>

2021-03-24

Like n comment

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2021-03-23

like n comment tyvm

Why Sundial Growers Stock Wilted Monday<blockquote>为什么Sundial Growers股票周一萎靡不振</blockquote>

2021-03-22

likes and comments

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2021-03-19

comments & like

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2021-03-19

$KemPharm, Inc.(KMPH)$:(

2021-03-18

comment pls

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2021-03-18

buy?

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2021-03-17

need like n comments

Do Amazon ads bring in more cash than AWS?<blockquote>亚马逊广告带来的现金比AWS多吗？</blockquote>

2021-03-17

nice

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2021-03-16

Need some comments too

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2021-03-15

commentint

Where Will AMC Be in 1 Year?<blockquote>一年后AMC会在哪里？</blockquote>

2021-03-13

need a like

US Daylight Saving Time<blockquote>美国夏令时</blockquote>

2021-03-12

like n comment tyvm

US Daylight Saving Time<blockquote>美国夏令时</blockquote>

去老虎APP查看更多动态

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tho","listText":"why tho","text":"why tho","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/109888618","repostId":"1162866378","repostType":4,"repost":{"id":"1162866378","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":1619683319,"share":"https://www.laohu8.com/m/news/1162866378?lang=zh_CN&edition=full","pubTime":"2021-04-29 16:01","market":"us","language":"en","title":"Apple rose nearly 3% in premarket trading<blockquote>苹果盘前交易涨近3%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1162866378","media":"Tiger Newspress","summary":"Apple rose nearly 3% in premarket trading, Q2 revenue increased by 54%, and announced a $90 billion ","content":"<p>Apple rose nearly 3% in premarket trading, Q2 revenue increased by 54%, and announced a $90 billion repurchase of stock.</p><p><blockquote>苹果盘前涨近3%，Q2营收增54%，宣布回购900亿美元股票。</blockquote></p><p><img src=\"https://static.tigerbbs.com/423f74f0188801e5c5f2e9c726de52f6\" tg-width=\"1302\" tg-height=\"833\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><b>Apple Delivers Blowout Q1, Lifts Buybacks by $90B</b></p><p><blockquote><b>苹果第一季度业绩井喷，回购量增加90B美元</b></blockquote></p><p>Apple reported Wednesday better-than-expected first-quarter results as revenue hit a record high following a surge in services and iPhones growth. Apple said it would increase its existing share buyback program by $90 billion.</p><p><blockquote>苹果周三公布了好于预期的第一季度业绩，在服务和iPhone增长激增后，收入创下历史新高。苹果表示，将把现有的股票回购计划增加900亿美元。</blockquote></p><p>Apple announced earnings per share of $1.40 on revenue of $89.58 billion. Analysts polled by Investing.com anticipated EPS of 98 cents on revenue of $76.71 billion.</p><p><blockquote>苹果公布每股收益1.40美元，营收895.8亿美元。Investing.com调查的分析师预计每股收益为98美分，营收为767.1亿美元。</blockquote></p><p>iPhone revenue, which makes up about half of total revenue, rose to $47.94. billion from $28.96 billion a year earlier, beating estimates of $40.8 billion, driven by strong demand from the latest slate of iPhones.</p><p><blockquote>约占总收入一半的iPhone收入升至47.94美元。由于最新一系列iPhone的强劲需求，销售额从去年同期的289.6亿美元增至10亿美元，超出了预期的408亿美元。</blockquote></p><p>Revenue from Apple’s service business including Apple News, Apple TV+ and iCloud, grew to $16.90 billion from $13.3 billion, beating estimates of $15.53 billion.</p><p><blockquote>苹果服务业务（包括苹果新闻、苹果TV+和iCloud）的收入从133亿美元增长至169亿美元，超出预期的155.3亿美元。</blockquote></p><p>Wearables, home and accessories generated $7.8 billion in revenue, up from $6.3 billion, beating consensus of&nbsp; $7.45 billion.</p><p><blockquote>可穿戴设备、家居和配件创造了78亿美元的收入，高于63亿美元，高于市场预期的74.5亿美元。</blockquote></p><p>Apple declared a cash dividend of 22 cents per share, an increase of 7%.</p><p><blockquote>苹果宣布每股派发现金股息22美分，增长7%。</blockquote></p><p>\"These results allowed us to generate operating cash flow of $24 billion and return nearly $23 billion to shareholders during the quarter,\" Apple said in a statement.</p><p><blockquote>苹果在一份声明中表示：“这些业绩使我们在本季度产生了240亿美元的运营现金流，并向股东返还了近230亿美元。”</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 rose nearly 3% in premarket trading<blockquote>苹果盘前交易涨近3%</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; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple rose nearly 3% in premarket trading<blockquote>苹果盘前交易涨近3%</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-04-29 16:01</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Apple rose nearly 3% in premarket trading, Q2 revenue increased by 54%, and announced a $90 billion repurchase of stock.</p><p><blockquote>苹果盘前涨近3%，Q2营收增54%，宣布回购900亿美元股票。</blockquote></p><p><img src=\"https://static.tigerbbs.com/423f74f0188801e5c5f2e9c726de52f6\" tg-width=\"1302\" tg-height=\"833\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><b>Apple Delivers Blowout Q1, Lifts Buybacks by $90B</b></p><p><blockquote><b>苹果第一季度业绩井喷，回购量增加90B美元</b></blockquote></p><p>Apple reported Wednesday better-than-expected first-quarter results as revenue hit a record high following a surge in services and iPhones growth. Apple said it would increase its existing share buyback program by $90 billion.</p><p><blockquote>苹果周三公布了好于预期的第一季度业绩，在服务和iPhone增长激增后，收入创下历史新高。苹果表示，将把现有的股票回购计划增加900亿美元。</blockquote></p><p>Apple announced earnings per share of $1.40 on revenue of $89.58 billion. Analysts polled by Investing.com anticipated EPS of 98 cents on revenue of $76.71 billion.</p><p><blockquote>苹果公布每股收益1.40美元，营收895.8亿美元。Investing.com调查的分析师预计每股收益为98美分，营收为767.1亿美元。</blockquote></p><p>iPhone revenue, which makes up about half of total revenue, rose to $47.94. billion from $28.96 billion a year earlier, beating estimates of $40.8 billion, driven by strong demand from the latest slate of iPhones.</p><p><blockquote>约占总收入一半的iPhone收入升至47.94美元。由于最新一系列iPhone的强劲需求，销售额从去年同期的289.6亿美元增至10亿美元，超出了预期的408亿美元。</blockquote></p><p>Revenue from Apple’s service business including Apple News, Apple TV+ and iCloud, grew to $16.90 billion from $13.3 billion, beating estimates of $15.53 billion.</p><p><blockquote>苹果服务业务（包括苹果新闻、苹果TV+和iCloud）的收入从133亿美元增长至169亿美元，超出预期的155.3亿美元。</blockquote></p><p>Wearables, home and accessories generated $7.8 billion in revenue, up from $6.3 billion, beating consensus of&nbsp; $7.45 billion.</p><p><blockquote>可穿戴设备、家居和配件创造了78亿美元的收入，高于63亿美元，高于市场预期的74.5亿美元。</blockquote></p><p>Apple declared a cash dividend of 22 cents per share, an increase of 7%.</p><p><blockquote>苹果宣布每股派发现金股息22美分，增长7%。</blockquote></p><p>\"These results allowed us to generate operating cash flow of $24 billion and return nearly $23 billion to shareholders during the quarter,\" Apple said in a statement.</p><p><blockquote>苹果在一份声明中表示：“这些业绩使我们在本季度产生了240亿美元的运营现金流，并向股东返还了近230亿美元。”</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162866378","content_text":"Apple rose nearly 3% in premarket trading, Q2 revenue increased by 54%, and announced a $90 billion repurchase of stock.Apple Delivers Blowout Q1, Lifts Buybacks by $90BApple reported Wednesday better-than-expected first-quarter results as revenue hit a record high following a surge in services and iPhones growth. Apple said it would increase its existing share buyback program by $90 billion.Apple announced earnings per share of $1.40 on revenue of $89.58 billion. Analysts polled by Investing.com anticipated EPS of 98 cents on revenue of $76.71 billion.iPhone revenue, which makes up about half of total revenue, rose to $47.94. billion from $28.96 billion a year earlier, beating estimates of $40.8 billion, driven by strong demand from the latest slate of iPhones.Revenue from Apple’s service business including Apple News, Apple TV+ and iCloud, grew to $16.90 billion from $13.3 billion, beating estimates of $15.53 billion.Wearables, home and accessories generated $7.8 billion in revenue, up from $6.3 billion, beating consensus of  $7.45 billion.Apple declared a cash dividend of 22 cents per share, an increase of 7%.\"These results allowed us to generate operating cash flow of $24 billion and return nearly $23 billion to shareholders during the quarter,\" Apple said in a statement.","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":2200,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":377556303,"gmtCreate":1619538361702,"gmtModify":1634211938654,"author":{"id":"3575005933062903","authorId":"3575005933062903","name":"Kenngaroo","avatar":"https://static.tigerbbs.com/64f060389d919cadcc673831998e0fa2","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575005933062903","authorIdStr":"3575005933062903"},"themes":[],"htmlText":"dang","listText":"dang","text":"dang","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/377556303","repostId":"1118284851","repostType":4,"isVote":1,"tweetType":1,"viewCount":2162,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":377558566,"gmtCreate":1619538347355,"gmtModify":1634211939016,"author":{"id":"3575005933062903","authorId":"3575005933062903","name":"Kenngaroo","avatar":"https://static.tigerbbs.com/64f060389d919cadcc673831998e0fa2","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575005933062903","authorIdStr":"3575005933062903"},"themes":[],"htmlText":"sick stuff","listText":"sick stuff","text":"sick stuff","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/377558566","repostId":"1155157199","repostType":4,"repost":{"id":"1155157199","kind":"news","pubTimestamp":1619494851,"share":"https://www.laohu8.com/m/news/1155157199?lang=zh_CN&edition=full","pubTime":"2021-04-27 11:40","market":"us","language":"en","title":"Microsoft Nears $2 Trillion Market Cap. Earnings Are Tuesday.<blockquote>微软市值接近2万亿美元。收益将于周二公布。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1155157199","media":"Barrons","summary":"Wall Street is expecting Microsoft to report strong financial results when the company posts its March quarter numbers after the close of trading on Tuesday.The consensus forecast among analysts is for revenue of $41 billion, up 17% from a year ago, with profits of $1.78 a share.  On Monday, Microsoft stock set an intraday record of $262.44, leaving the stock just a modest rally away from hitting a $2 trillion valuation for the first time. To get there, the stock needs to rise to $264.55.J.P. Mo","content":"<p>Wall Street is expecting Microsoft to report strong financial results when the company posts its March quarter numbers after the close of trading on Tuesday.</p><p><blockquote>华尔街预计微软将在周二收盘后公布三月份季度数据时公布强劲的财务业绩。</blockquote></p><p>The consensus forecast among analysts is for revenue of $41 billion, up 17% from a year ago, with profits of $1.78 a share.&nbsp; On Monday, Microsoft stock set an intraday record of $262.44, leaving the stock just a modest rally away from hitting a $2 trillion valuation for the first time. To get there, the stock needs to rise to $264.55.</p><p><blockquote>分析师普遍预测营收为410亿美元，同比增长17%，每股利润为1.78美元。周一，微软股价创下262.44美元的盘中纪录，距离首次触及2万亿美元估值仅小幅上涨。要实现这一目标，该股需要上涨至264.55美元。</blockquote></p><p>The shares have gained 18% year to date.</p><p><blockquote>今年迄今为止，该股已上涨18%。</blockquote></p><p>Analysts expect another strong quarter from the company’s Azure and Office 365 cloud businesses, and will be looking for signs of accelerating growth in its enterprise operation. Sales of Surface hardware—laptops and whiteboards—were likely strong in the quarter, given the huge recent growth in PC purchases, although there is some potential that shortages of components resulted in unfilled demand. Strength in the PC market also bodes well for sales of the Windows operating system.&nbsp;</p><p><blockquote>分析师预计该公司的Azure和Office 365云业务将迎来另一个强劲的季度，并将寻找其企业运营加速增长的迹象。鉴于近期PC购买量大幅增长，Surface硬件（笔记本电脑和白板）的销售可能在本季度强劲，尽管组件短缺可能导致需求未得到满足。个人电脑市场的强劲也预示着Windows操作系统的销售。</blockquote></p><p>Microsoft breaks down its results into&nbsp;three segments: Productivity and Business Processes, which includes Office 365, Dynamics, and LinkedIn; Intelligence Cloud, which includes Azure and enterprise server software; and More Personal Computing, which includes Windows, Xbox, Surface hardware, and Bing.</p><p><blockquote>微软将其业绩分为三个部分：生产力和业务流程，其中包括Office 365、Dynamics和LinkedIn；智能云，包括Azure和企业服务器软件；以及更多的个人计算，包括Windows、Xbox、Surface硬件和Bing。</blockquote></p><p>When Microsoft reported its results for its fiscal second quarter in late January,CFO Amy Hood provided revenue guidance for each segment. For Productivity and Business Processes, she projected revenue of $13.35 billion to $13.6 billion. The call for Intelligent Cloud was for revenue of $14.7 billion to $14.95 billion, while she predicted $12.3 billion to $12.7 billion for More Personal Computing. If revenue for each segment came in at the top of its forecast range, the total would be $41.25 billion.</p><p><blockquote>当微软在1月底公布第二财季业绩时，首席财务官Amy Hood提供了每个部门的收入指引。对于生产力和业务流程，她预计收入为133.5亿至136亿美元。智能云的看涨期权是收入为147亿至149.5亿美元，而她预测更多个人计算的收入为123亿至127亿美元。如果每个部门的收入都处于预测范围的顶部，那么总收入将达到412.5亿美元。</blockquote></p><p>In research notes, several analysts cited positive comments from customers and resellers in projecting strong results.</p><p><blockquote>在研究报告中，几位分析师引用了客户和经销商的积极评论来预测强劲的业绩。</blockquote></p><p>Last week, KeyBanc Capital’s Michael Turits repeated his Overweight rating on the stock while lifting his target for the price to $295, from $280. He says the company is likely benefiting from a combination of strong IT demand and continuing strength in PC shipments.</p><p><blockquote>上周，KeyBanc Capital的Michael Turits重申了对该股的跑赢大盘评级，同时将目标价从280美元上调至295美元。他表示，该公司可能会受益于强劲的IT需求和个人电脑出货量的持续强劲。</blockquote></p><p>“We continue to see Microsoft’s combination of expanding Azure scope, broad enterprise application innovation, and aggressive bundling seeing success in the market,” he wrote. “Nearly all North American Microsoft distributors/resellers we spoke with reported Microsoft channel revenue on or above plan.”</p><p><blockquote>他写道：“我们继续看到微软不断扩大的Azure范围、广泛的企业应用程序创新和积极的捆绑在市场上取得了成功。”“我们采访的几乎所有北美微软分销商/经销商都报告微软渠道收入达到或高于计划。”</blockquote></p><p>J.P. Morgan analyst Mark Murphy came away from his own new survey of resellers of Microsoft products encouraged about the outlook. He says those companies’ quarterly sales of Microsoft goods came in an average of 3.3% above their expectations, driven by improving enterprise demand. He reported strength across the company’s enterprise product lines, with growth in Azure, Teams, Office 365, and security products, among other places. Murphy rates Microsoft at Overweight and has a target of $245 for the stock price.</p><p><blockquote>摩根大通分析师Mark Murphy对微软产品经销商进行了新的调查，对前景感到鼓舞。他表示，在企业需求改善的推动下，这些公司的微软商品季度销售额平均比预期高出3.3%。他报告了公司企业产品线的实力，包括Azure、Teams、Office 365和安全产品等领域的增长。Murphy对微软的评级为跑赢大盘，目标股价为245美元。</blockquote></p><p>Wedbush analyst Dan Ives&nbsp;forecast “another masterpiece quarter,” driven by growth of at least 45% from Azure, which he thinks is taking market share from Amazon Web Services. He said the current work-from-home environment is encouraging more businesses to make strategic moves toward cloud-based operations “with Microsoft across the board with Azure growth remaining brisk.” He maintained an Outperform rating, with a target of $300 for the share price.</p><p><blockquote>Wedbush分析师丹·艾夫斯(Dan Ives)预测，在Azure至少增长45%的推动下，这将是“又一个杰作季度”，他认为Azure正在从亚马逊网络服务(Amazon Web Services)手中夺取市场份额。他表示，当前的在家工作环境正在鼓励更多企业采取战略举措，转向基于云的运营，“微软全面展开，Azure增长依然强劲”。他维持跑赢大盘评级，目标股价为300美元。</blockquote></p><p>Citi analyst Tyler Radke&nbsp;last week reiterated a Buy rating on Microsoft shares, lifting his price target to $302, from $292, and setting a “positive catalyst watch” on the stock ahead of the results. He wrote that a combination of a survey of resellers and channel checks made him more confident that Microsoft can propel revenue across all three primary business segments, with strength in personal computer demand from both consumers and businesses, robust upgrade activity on server software, and continued strength in Azure as a result of “continued strong enterprise consumption growth.”&nbsp;</p><p><blockquote>花旗分析师泰勒·拉德克(Tyler Radke)上周重申了对微软股票的买入评级，将目标价从292美元上调至302美元，并在业绩公布前对该股设定了“积极催化剂观察”。他写道，对经销商的调查和渠道检查的结合使他更有信心，微软可以推动所有三个主要业务部门的收入，消费者和企业对个人电脑的需求强劲，服务器软件的强劲升级活动，以及由于“企业消费持续强劲增长”，Azure持续走强。</blockquote></p><p></p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Microsoft Nears $2 Trillion Market Cap. Earnings Are Tuesday.<blockquote>微软市值接近2万亿美元。收益将于周二公布。</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\">\nMicrosoft Nears $2 Trillion Market Cap. Earnings Are Tuesday.<blockquote>微软市值接近2万亿美元。收益将于周二公布。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-04-27 11:40</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Wall Street is expecting Microsoft to report strong financial results when the company posts its March quarter numbers after the close of trading on Tuesday.</p><p><blockquote>华尔街预计微软将在周二收盘后公布三月份季度数据时公布强劲的财务业绩。</blockquote></p><p>The consensus forecast among analysts is for revenue of $41 billion, up 17% from a year ago, with profits of $1.78 a share.&nbsp; On Monday, Microsoft stock set an intraday record of $262.44, leaving the stock just a modest rally away from hitting a $2 trillion valuation for the first time. To get there, the stock needs to rise to $264.55.</p><p><blockquote>分析师普遍预测营收为410亿美元，同比增长17%，每股利润为1.78美元。周一，微软股价创下262.44美元的盘中纪录，距离首次触及2万亿美元估值仅小幅上涨。要实现这一目标，该股需要上涨至264.55美元。</blockquote></p><p>The shares have gained 18% year to date.</p><p><blockquote>今年迄今为止，该股已上涨18%。</blockquote></p><p>Analysts expect another strong quarter from the company’s Azure and Office 365 cloud businesses, and will be looking for signs of accelerating growth in its enterprise operation. Sales of Surface hardware—laptops and whiteboards—were likely strong in the quarter, given the huge recent growth in PC purchases, although there is some potential that shortages of components resulted in unfilled demand. Strength in the PC market also bodes well for sales of the Windows operating system.&nbsp;</p><p><blockquote>分析师预计该公司的Azure和Office 365云业务将迎来另一个强劲的季度，并将寻找其企业运营加速增长的迹象。鉴于近期PC购买量大幅增长，Surface硬件（笔记本电脑和白板）的销售可能在本季度强劲，尽管组件短缺可能导致需求未得到满足。个人电脑市场的强劲也预示着Windows操作系统的销售。</blockquote></p><p>Microsoft breaks down its results into&nbsp;three segments: Productivity and Business Processes, which includes Office 365, Dynamics, and LinkedIn; Intelligence Cloud, which includes Azure and enterprise server software; and More Personal Computing, which includes Windows, Xbox, Surface hardware, and Bing.</p><p><blockquote>微软将其业绩分为三个部分：生产力和业务流程，其中包括Office 365、Dynamics和LinkedIn；智能云，包括Azure和企业服务器软件；以及更多的个人计算，包括Windows、Xbox、Surface硬件和Bing。</blockquote></p><p>When Microsoft reported its results for its fiscal second quarter in late January,CFO Amy Hood provided revenue guidance for each segment. For Productivity and Business Processes, she projected revenue of $13.35 billion to $13.6 billion. The call for Intelligent Cloud was for revenue of $14.7 billion to $14.95 billion, while she predicted $12.3 billion to $12.7 billion for More Personal Computing. If revenue for each segment came in at the top of its forecast range, the total would be $41.25 billion.</p><p><blockquote>当微软在1月底公布第二财季业绩时，首席财务官Amy Hood提供了每个部门的收入指引。对于生产力和业务流程，她预计收入为133.5亿至136亿美元。智能云的看涨期权是收入为147亿至149.5亿美元，而她预测更多个人计算的收入为123亿至127亿美元。如果每个部门的收入都处于预测范围的顶部，那么总收入将达到412.5亿美元。</blockquote></p><p>In research notes, several analysts cited positive comments from customers and resellers in projecting strong results.</p><p><blockquote>在研究报告中，几位分析师引用了客户和经销商的积极评论来预测强劲的业绩。</blockquote></p><p>Last week, KeyBanc Capital’s Michael Turits repeated his Overweight rating on the stock while lifting his target for the price to $295, from $280. He says the company is likely benefiting from a combination of strong IT demand and continuing strength in PC shipments.</p><p><blockquote>上周，KeyBanc Capital的Michael Turits重申了对该股的跑赢大盘评级，同时将目标价从280美元上调至295美元。他表示，该公司可能会受益于强劲的IT需求和个人电脑出货量的持续强劲。</blockquote></p><p>“We continue to see Microsoft’s combination of expanding Azure scope, broad enterprise application innovation, and aggressive bundling seeing success in the market,” he wrote. “Nearly all North American Microsoft distributors/resellers we spoke with reported Microsoft channel revenue on or above plan.”</p><p><blockquote>他写道：“我们继续看到微软不断扩大的Azure范围、广泛的企业应用程序创新和积极的捆绑在市场上取得了成功。”“我们采访的几乎所有北美微软分销商/经销商都报告微软渠道收入达到或高于计划。”</blockquote></p><p>J.P. Morgan analyst Mark Murphy came away from his own new survey of resellers of Microsoft products encouraged about the outlook. He says those companies’ quarterly sales of Microsoft goods came in an average of 3.3% above their expectations, driven by improving enterprise demand. He reported strength across the company’s enterprise product lines, with growth in Azure, Teams, Office 365, and security products, among other places. Murphy rates Microsoft at Overweight and has a target of $245 for the stock price.</p><p><blockquote>摩根大通分析师Mark Murphy对微软产品经销商进行了新的调查，对前景感到鼓舞。他表示，在企业需求改善的推动下，这些公司的微软商品季度销售额平均比预期高出3.3%。他报告了公司企业产品线的实力，包括Azure、Teams、Office 365和安全产品等领域的增长。Murphy对微软的评级为跑赢大盘，目标股价为245美元。</blockquote></p><p>Wedbush analyst Dan Ives&nbsp;forecast “another masterpiece quarter,” driven by growth of at least 45% from Azure, which he thinks is taking market share from Amazon Web Services. He said the current work-from-home environment is encouraging more businesses to make strategic moves toward cloud-based operations “with Microsoft across the board with Azure growth remaining brisk.” He maintained an Outperform rating, with a target of $300 for the share price.</p><p><blockquote>Wedbush分析师丹·艾夫斯(Dan Ives)预测，在Azure至少增长45%的推动下，这将是“又一个杰作季度”，他认为Azure正在从亚马逊网络服务(Amazon Web Services)手中夺取市场份额。他表示，当前的在家工作环境正在鼓励更多企业采取战略举措，转向基于云的运营，“微软全面展开，Azure增长依然强劲”。他维持跑赢大盘评级，目标股价为300美元。</blockquote></p><p>Citi analyst Tyler Radke&nbsp;last week reiterated a Buy rating on Microsoft shares, lifting his price target to $302, from $292, and setting a “positive catalyst watch” on the stock ahead of the results. He wrote that a combination of a survey of resellers and channel checks made him more confident that Microsoft can propel revenue across all three primary business segments, with strength in personal computer demand from both consumers and businesses, robust upgrade activity on server software, and continued strength in Azure as a result of “continued strong enterprise consumption growth.”&nbsp;</p><p><blockquote>花旗分析师泰勒·拉德克(Tyler Radke)上周重申了对微软股票的买入评级，将目标价从292美元上调至302美元，并在业绩公布前对该股设定了“积极催化剂观察”。他写道，对经销商的调查和渠道检查的结合使他更有信心，微软可以推动所有三个主要业务部门的收入，消费者和企业对个人电脑的需求强劲，服务器软件的强劲升级活动，以及由于“企业消费持续强劲增长”，Azure持续走强。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/microsoft-nears-2-trillion-market-cap-earnings-are-tuesday-51619457928?mod=hp_DAY_Theme_2_1\">Barrons</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSFT":"微软"},"source_url":"https://www.barrons.com/articles/microsoft-nears-2-trillion-market-cap-earnings-are-tuesday-51619457928?mod=hp_DAY_Theme_2_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1155157199","content_text":"Wall Street is expecting Microsoft to report strong financial results when the company posts its March quarter numbers after the close of trading on Tuesday.The consensus forecast among analysts is for revenue of $41 billion, up 17% from a year ago, with profits of $1.78 a share.  On Monday, Microsoft stock set an intraday record of $262.44, leaving the stock just a modest rally away from hitting a $2 trillion valuation for the first time. To get there, the stock needs to rise to $264.55.The shares have gained 18% year to date.Analysts expect another strong quarter from the company’s Azure and Office 365 cloud businesses, and will be looking for signs of accelerating growth in its enterprise operation. Sales of Surface hardware—laptops and whiteboards—were likely strong in the quarter, given the huge recent growth in PC purchases, although there is some potential that shortages of components resulted in unfilled demand. Strength in the PC market also bodes well for sales of the Windows operating system. Microsoft breaks down its results into three segments: Productivity and Business Processes, which includes Office 365, Dynamics, and LinkedIn; Intelligence Cloud, which includes Azure and enterprise server software; and More Personal Computing, which includes Windows, Xbox, Surface hardware, and Bing.When Microsoft reported its results for its fiscal second quarter in late January,CFO Amy Hood provided revenue guidance for each segment. For Productivity and Business Processes, she projected revenue of $13.35 billion to $13.6 billion. The call for Intelligent Cloud was for revenue of $14.7 billion to $14.95 billion, while she predicted $12.3 billion to $12.7 billion for More Personal Computing. If revenue for each segment came in at the top of its forecast range, the total would be $41.25 billion.In research notes, several analysts cited positive comments from customers and resellers in projecting strong results.Last week, KeyBanc Capital’s Michael Turits repeated his Overweight rating on the stock while lifting his target for the price to $295, from $280. He says the company is likely benefiting from a combination of strong IT demand and continuing strength in PC shipments.“We continue to see Microsoft’s combination of expanding Azure scope, broad enterprise application innovation, and aggressive bundling seeing success in the market,” he wrote. “Nearly all North American Microsoft distributors/resellers we spoke with reported Microsoft channel revenue on or above plan.”J.P. Morgan analyst Mark Murphy came away from his own new survey of resellers of Microsoft products encouraged about the outlook. He says those companies’ quarterly sales of Microsoft goods came in an average of 3.3% above their expectations, driven by improving enterprise demand. He reported strength across the company’s enterprise product lines, with growth in Azure, Teams, Office 365, and security products, among other places. Murphy rates Microsoft at Overweight and has a target of $245 for the stock price.Wedbush analyst Dan Ives forecast “another masterpiece quarter,” driven by growth of at least 45% from Azure, which he thinks is taking market share from Amazon Web Services. He said the current work-from-home environment is encouraging more businesses to make strategic moves toward cloud-based operations “with Microsoft across the board with Azure growth remaining brisk.” He maintained an Outperform rating, with a target of $300 for the share price.Citi analyst Tyler Radke last week reiterated a Buy rating on Microsoft shares, lifting his price target to $302, from $292, and setting a “positive catalyst watch” on the stock ahead of the results. He wrote that a combination of a survey of resellers and channel checks made him more confident that Microsoft can propel revenue across all three primary business segments, with strength in personal computer demand from both consumers and businesses, robust upgrade activity on server software, and continued strength in Azure as a result of “continued strong enterprise consumption growth.”","news_type":1,"symbols_score_info":{"MSFT":0.9}},"isVote":1,"tweetType":1,"viewCount":2791,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":351133749,"gmtCreate":1616573246181,"gmtModify":1634525139024,"author":{"id":"3575005933062903","authorId":"3575005933062903","name":"Kenngaroo","avatar":"https://static.tigerbbs.com/64f060389d919cadcc673831998e0fa2","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575005933062903","authorIdStr":"3575005933062903"},"themes":[],"htmlText":"Like n comment","listText":"Like n comment","text":"Like n comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/351133749","repostId":"1110346444","repostType":4,"isVote":1,"tweetType":1,"viewCount":1296,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":353650062,"gmtCreate":1616493776856,"gmtModify":1634525548010,"author":{"id":"3575005933062903","authorId":"3575005933062903","name":"Kenngaroo","avatar":"https://static.tigerbbs.com/64f060389d919cadcc673831998e0fa2","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575005933062903","authorIdStr":"3575005933062903"},"themes":[],"htmlText":"like n comment tyvm","listText":"like n comment tyvm","text":"like n comment tyvm","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/353650062","repostId":"1198600548","repostType":4,"repost":{"id":"1198600548","kind":"news","pubTimestamp":1616491839,"share":"https://www.laohu8.com/m/news/1198600548?lang=zh_CN&edition=full","pubTime":"2021-03-23 17:30","market":"us","language":"en","title":"Why Sundial Growers Stock Wilted Monday<blockquote>为什么Sundial Growers股票周一萎靡不振</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1198600548","media":"Motley Fool","summary":"Sundial is worth just $2.2 billion, but wants to sell $800 million in new stock.\nWhat happened\nShare","content":"<p>Sundial is worth just $2.2 billion, but wants to sell $800 million in new stock.</p><p><blockquote>Sundial的价值仅为22亿美元，但希望出售8亿美元的新股。</blockquote></p><p> <b>What happened</b></p><p><blockquote><b>发生了什么</b></blockquote></p><p> Shares of&nbsp;<b>Sundial Growers</b>&nbsp;(NASDAQ:SNDL)&nbsp;had tumbled 12.8% on Monday after the Calgary-based&nbsp;cannabis company&nbsp;filed a share sale prospectus with the SEC this morning.</p><p><blockquote>本公司之股份<b>日晷种植者</b>（纳斯达克：SNDL）周一暴跌12.8%，此前这家总部位于卡尔加里的大麻公司今天上午向美国证券交易委员会提交了股票销售招股说明书。</blockquote></p><p> <b>So what</b></p><p><blockquote><b>那又怎样</b></blockquote></p><p> In the prospectus, Sundial described plans to conduct an \"equity distribution\" whereby it would create up to $800 million worth of new common stock and sell it \"from time to time through ... our sales agents.\"</p><p><blockquote>在招股说明书中，Sundial描述了进行“股权分配”的计划，该计划将创造价值高达8亿美元的新普通股，并“不时通过……我们的销售代理”出售。</blockquote></p><p> Sundial described how its shares have \"experienced extreme volatility,\" ranging in price from as low as $0.14 per share to as high as $2.95 per share over the past year, despite there being \"no recent change in our financial condition or results of operations.\"</p><p><blockquote>Sundial描述了其股价在过去一年中如何“经历了极端波动”，价格从低至每股0.14美元到高达每股2.95美元不等，尽管“我们的财务状况或经营业绩最近没有变化”。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c261123beab3e0df0cd2cda02e386953\" tg-width=\"2000\" tg-height=\"1500\"><span>IMAGE SOURCE: GETTY IMAGES.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> <b>Now what</b></p><p><blockquote><b>现在怎么办</b></blockquote></p><p> Why&nbsp;Sundial felt it necessary to describe this volatility as part of its sales prospectus is unclear, but logically, the disclosure might serve two purposes. First, it might explain why Sundial is not proposing to sell its shares at any specific price (because the price wobbles so much). Second, it might imply an intention by management to take advantage of these price zooms by refraining from selling shares when its share price seems too low -- but pouncing on price spikes to sell shares when they are more popular.</p><p><blockquote>为什么Sundial认为有必要将这种波动性描述为其销售招股说明书的一部分尚不清楚，但从逻辑上讲，这种披露可能有两个目的。首先，它可以解释为什么Sundial不打算以任何特定价格出售其股票（因为价格波动很大）。其次，这可能意味着管理层有意利用这些价格上涨，在股价看起来太低时避免出售股票，但在股价更受欢迎时抓住价格飙升的机会出售股票。</blockquote></p><p> That would explain the \"from time to time\" language.</p><p><blockquote>这就解释了“不时”的语言。</blockquote></p><p> It would also, I suspect, be the best thing for shareholders, helping Sundial to raise the&nbsp;greatest amount of cash&nbsp;while inflicting the least amount of&nbsp;stock dilution&nbsp;upon its shareholders.</p><p><blockquote>我怀疑，这对股东来说也是最好的事情，帮助Sundial筹集最多的现金，同时对股东造成最少的股票稀释。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Sundial Growers Stock Wilted Monday<blockquote>为什么Sundial Growers股票周一萎靡不振</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Sundial Growers Stock Wilted Monday<blockquote>为什么Sundial Growers股票周一萎靡不振</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Motley Fool</strong><span class=\"h-time small\">2021-03-23 17:30</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Sundial is worth just $2.2 billion, but wants to sell $800 million in new stock.</p><p><blockquote>Sundial的价值仅为22亿美元，但希望出售8亿美元的新股。</blockquote></p><p> <b>What happened</b></p><p><blockquote><b>发生了什么</b></blockquote></p><p> Shares of&nbsp;<b>Sundial Growers</b>&nbsp;(NASDAQ:SNDL)&nbsp;had tumbled 12.8% on Monday after the Calgary-based&nbsp;cannabis company&nbsp;filed a share sale prospectus with the SEC this morning.</p><p><blockquote>本公司之股份<b>日晷种植者</b>（纳斯达克：SNDL）周一暴跌12.8%，此前这家总部位于卡尔加里的大麻公司今天上午向美国证券交易委员会提交了股票销售招股说明书。</blockquote></p><p> <b>So what</b></p><p><blockquote><b>那又怎样</b></blockquote></p><p> In the prospectus, Sundial described plans to conduct an \"equity distribution\" whereby it would create up to $800 million worth of new common stock and sell it \"from time to time through ... our sales agents.\"</p><p><blockquote>在招股说明书中，Sundial描述了进行“股权分配”的计划，该计划将创造价值高达8亿美元的新普通股，并“不时通过……我们的销售代理”出售。</blockquote></p><p> Sundial described how its shares have \"experienced extreme volatility,\" ranging in price from as low as $0.14 per share to as high as $2.95 per share over the past year, despite there being \"no recent change in our financial condition or results of operations.\"</p><p><blockquote>Sundial描述了其股价在过去一年中如何“经历了极端波动”，价格从低至每股0.14美元到高达每股2.95美元不等，尽管“我们的财务状况或经营业绩最近没有变化”。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c261123beab3e0df0cd2cda02e386953\" tg-width=\"2000\" tg-height=\"1500\"><span>IMAGE SOURCE: GETTY IMAGES.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> <b>Now what</b></p><p><blockquote><b>现在怎么办</b></blockquote></p><p> Why&nbsp;Sundial felt it necessary to describe this volatility as part of its sales prospectus is unclear, but logically, the disclosure might serve two purposes. First, it might explain why Sundial is not proposing to sell its shares at any specific price (because the price wobbles so much). Second, it might imply an intention by management to take advantage of these price zooms by refraining from selling shares when its share price seems too low -- but pouncing on price spikes to sell shares when they are more popular.</p><p><blockquote>为什么Sundial认为有必要将这种波动性描述为其销售招股说明书的一部分尚不清楚，但从逻辑上讲，这种披露可能有两个目的。首先，它可以解释为什么Sundial不打算以任何特定价格出售其股票（因为价格波动很大）。其次，这可能意味着管理层有意利用这些价格上涨，在股价看起来太低时避免出售股票，但在股价更受欢迎时抓住价格飙升的机会出售股票。</blockquote></p><p> That would explain the \"from time to time\" language.</p><p><blockquote>这就解释了“不时”的语言。</blockquote></p><p> It would also, I suspect, be the best thing for shareholders, helping Sundial to raise the&nbsp;greatest amount of cash&nbsp;while inflicting the least amount of&nbsp;stock dilution&nbsp;upon its shareholders.</p><p><blockquote>我怀疑，这对股东来说也是最好的事情，帮助Sundial筹集最多的现金，同时对股东造成最少的股票稀释。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/03/22/why-sundial-growers-stock-wilted-today/\">Motley Fool</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SNDL":"SNDL Inc."},"source_url":"https://www.fool.com/investing/2021/03/22/why-sundial-growers-stock-wilted-today/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1198600548","content_text":"Sundial is worth just $2.2 billion, but wants to sell $800 million in new stock.\nWhat happened\nShares of Sundial Growers (NASDAQ:SNDL) had tumbled 12.8% on Monday after the Calgary-based cannabis company filed a share sale prospectus with the SEC this morning.\nSo what\nIn the prospectus, Sundial described plans to conduct an \"equity distribution\" whereby it would create up to $800 million worth of new common stock and sell it \"from time to time through ... our sales agents.\"\nSundial described how its shares have \"experienced extreme volatility,\" ranging in price from as low as $0.14 per share to as high as $2.95 per share over the past year, despite there being \"no recent change in our financial condition or results of operations.\"\nIMAGE SOURCE: GETTY IMAGES.\nNow what\nWhy Sundial felt it necessary to describe this volatility as part of its sales prospectus is unclear, but logically, the disclosure might serve two purposes. First, it might explain why Sundial is not proposing to sell its shares at any specific price (because the price wobbles so much). Second, it might imply an intention by management to take advantage of these price zooms by refraining from selling shares when its share price seems too low -- but pouncing on price spikes to sell shares when they are more popular.\nThat would explain the \"from time to time\" language.\nIt would also, I suspect, be the best thing for shareholders, helping Sundial to raise the greatest amount of cash while inflicting the least amount of stock dilution upon its shareholders.","news_type":1,"symbols_score_info":{"SNDL":0.9}},"isVote":1,"tweetType":1,"viewCount":1221,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":359591139,"gmtCreate":1616410004021,"gmtModify":1634526001243,"author":{"id":"3575005933062903","authorId":"3575005933062903","name":"Kenngaroo","avatar":"https://static.tigerbbs.com/64f060389d919cadcc673831998e0fa2","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575005933062903","authorIdStr":"3575005933062903"},"themes":[],"htmlText":"likes and comments","listText":"likes and comments","text":"likes and comments","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/359591139","repostId":"1163016573","repostType":4,"isVote":1,"tweetType":1,"viewCount":2816,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":350906178,"gmtCreate":1616145412894,"gmtModify":1634527015719,"author":{"id":"3575005933062903","authorId":"3575005933062903","name":"Kenngaroo","avatar":"https://static.tigerbbs.com/64f060389d919cadcc673831998e0fa2","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575005933062903","authorIdStr":"3575005933062903"},"themes":[],"htmlText":"comments &amp; 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People tend to repeat these to each other as though they’re unquestionable true, but they’re either debatable or objectively false - for example, Amazon hasn’t raised money directly from investors since the IPO in 1997, though it does pay people a lot of stock (Lina Khan made this mistake in her otherwise&nbsp;excellent paper on the challenges Amazon poses to competition theory).</p><p><blockquote>围绕亚马逊有一个古老而常见的说法，即它不赚钱，它以低于成本的价格出售，它得到投资者的补贴，尤其是AWS的补贴。人们倾向于互相重复这些，好像它们是毫无疑问的真实，但它们要么是有争议的，要么客观上是错误的——例如，亚马逊自1997年首次公开募股以来就没有直接从投资者那里筹集过资金，尽管它确实向人们支付了很多股票（莉娜·汗在她关于亚马逊对竞争理论构成的挑战的优秀论文中犯了这个错误）。</blockquote></p><p> AWS is particularly interesting, though, because it <i>is</i> true that AWS is highly profitable and generates a lot of cash that Amazon can use for other things, and that naturally leads to the policy argument that we should split it apart from the rest of Amazon, so that the retail business would have to run off its own cashflow.</p><p><blockquote>不过，AWS特别有趣，因为它<i>是</i>诚然，AWS利润丰厚，并产生大量现金，亚马逊可以将其用于其他事情，这自然会导致政策争论，即我们应该将其与亚马逊的其他部分分开，这样零售业务就必须运行它自己的现金流。</blockquote></p><p> You could certainly do that (though given that Amazon has less than 10% share of US retail, it might be hard to win the case), but you also need to understand that AWS is not the only highly profitable part of Amazon - it’s just the only part that the SEC makes Amazon break out. As I wrote here (back in 2014), Amazon is a bundle of lots of different businesses with different margins, and the net income line only shows you the aggregate. AWS operating income is broken out, but there are other things that aren’t.</p><p><blockquote>你当然可以这样做（尽管考虑到亚马逊在美国零售业的份额不到10%，可能很难胜诉），但你也需要明白，AWS并不是亚马逊唯一高利润的部分——这只是SEC让亚马逊爆发的唯一部分。正如我在这里写的（早在2014年），亚马逊是许多不同业务的集合体，利润率不同，净利润线只显示了总数。AWS营业收入是细分的，但还有其他事情没有。</blockquote></p><p> Amazon started disclosing AWS numbers five years ago, but in the last couple of years another big and highly profitable business has quietly emerged in the footnotes at the back of the&nbsp;10k. Amazon’s ‘Other’ revenue line, which is ‘primarily’ advertising, was over $20bn in 2020.</p><p><blockquote>亚马逊五年前开始披露AWS的数据，但在过去几年里，另一项大型且高利润的业务悄然出现在10 k后面的脚注中。亚马逊的“其他”收入线（主要是广告）在2020年超过200亿美元。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/36b1ca305a41ec503202662c363a289c\" tg-width=\"1920\" tg-height=\"1080\"></p><p><blockquote></blockquote></p><p> How profitable is this? Amazon doesn’t tell us directly. Rather, it gives a divisional breakdown on two different bases:</p><p><blockquote>这有多赚钱？亚马逊没有直接告诉我们。相反，它在两个不同的基础上给出了部门细分：</blockquote></p><p> <ul>  <li>Revenue and operating income for North America, International and AWS</p><p><blockquote><ul><li>北美、国际和AWS的收入和营业收入</li></ul></blockquote></p><p></li>  <li>Revenue for online stores, physical stores, marketplace services, subscriptions (Prime), AWS and ‘other’, which is, again, ‘primarily’ the ad business.</p><p><blockquote><li>在线商店、实体店、市场服务、订阅(Prime)、AWS和“其他”的收入，这也是“主要”广告业务。</li></blockquote></p><p></li> </ul> So we know the profitability of AWS, but not advertising, and the ad business, along with everything else except AWS, is inside ‘North America’ and ‘International’.</p><p><blockquote>因此，我们知道AWS的盈利能力，但不知道广告，广告业务以及除AWS之外的所有业务都在“北美”和“国际”内部。</blockquote></p><p> However, we can make an informed guess. Google’s core business had 2020 operating margins before R&amp;D and TAC (neither apply here) of 68%, and that’s for the whole company, including the data centres and Youtube. How much incremental cost on top of Amazon’s existing systems does Amazon need to sell and deliver advertising? And how much of that ‘other’ line is ads anyway?</p><p><blockquote>然而，我们可以做出明智的猜测。谷歌的核心业务在研发和TAC（此处均不适用）之前的2020年营业利润率为68%，这是针对整个公司的，包括数据中心和Youtube。在亚马逊现有系统的基础上，亚马逊销售和投放广告需要多少增量成本？“另一条”线到底有多少是广告？</blockquote></p><p> At the top end, if we assume that $20bn of Amazon’s $21.5bn ‘Ads and other’ was actually ads, and it matched Google’s operating margin, that would be $13.6bn of operating income, the same as AWS. It could also be, say, $5bn lower - which would be in line with all of Amazon North America. Either way, it’s big, and growing,</p><p><blockquote>在最高端，如果我们假设亚马逊215亿美元的“广告和其他”中有200亿美元实际上是广告，并且它与谷歌的营业利润率相匹配，那么营业收入将为136亿美元，与AWS相同。比如说，它也可能减少50亿美元——这将与整个亚马逊北美地区一致。不管怎样，它很大，而且还在增长，</blockquote></p><p> <img src=\"https://static.tigerbbs.com/23cd87fb38508f5ec748cf2d14ac0b61\" tg-width=\"1920\" tg-height=\"1080\"></p><p><blockquote></blockquote></p><p> To repeat - this is just an informed guess, and ads will of course change other things, such as directing purchasing to different products that might have higher or lower margins for Amazon. Meanwhile, operating income does not include capex, so it’s not a great way to compare an ad business with a datacenter business. Most of that AWS operating income goes straight out of the door on building more AWS, so a free cash-flow comparison would made ads look better than AWS. But whatever the real number, this is a big business.</p><p><blockquote>重复一遍——这只是一个有根据的猜测，广告当然会改变其他事情，比如将购买导向亚马逊利润率可能更高或更低的不同产品。同时，营业收入不包括资本支出，因此这不是将广告业务与数据中心业务进行比较的好方法。AWS的大部分营业收入直接用于构建更多AWS，因此自由现金流比较会让广告看起来比AWS更好。但无论真实数字是多少，这都是一笔大生意。</blockquote></p><p> There are a few interesting things to think about here. Amazon’s own ecommerce, which is, again, only 40% of actual sales on the site, increasingly looks like a low-margin anchor to support the marketplace, and now ads. This week the FT reported the EU is having trouble building a competition case against Amazon: its theory is that Amazon unfairly steers customers away from marketplace vendors towards its own products, but one of Amazon’s arguments is apparently that marketplace is more profitable, so its incentive is the opposite! Everything at Amazon has an angle - the biggest subsidy, going right back the beginning, is the negative working capital, whereby it can charge customer before paying suppliers. Its use of stock to pay people has some of the same character.</p><p><blockquote>这里有一些有趣的事情需要思考。亚马逊自己的电子商务也只占网站实际销售额的40%，越来越像是支撑市场的低利润支柱，现在是广告。英国《金融时报》本周报道称，欧盟在建立针对亚马逊的竞争案例方面遇到了困难：其理论是亚马逊不公平地将客户从市场供应商转向自己的产品，但亚马逊的论点之一显然是市场更有利可图，因此其动机是相反的！亚马逊的一切都有一个角度——最大的补贴，追溯到一开始，是负营运资本，它可以在向供应商付款之前向客户收费。它使用股票来支付人们也有一些相同的特征。</blockquote></p><p> A general point, though - Amazon is not the only retailer to have realised that the time we spend on its site makes it a media owner by accident. ASOS has hundreds of content producers, and a lot of big retailers are now thinking about online media and ad strategies. The more privacy and data rules we have, and the faster that cookies disappear, the more that content silos, large audiences and first party data matter in ads and ecommerce.</p><p><blockquote>不过，有一点是，亚马逊并不是唯一一家意识到我们在其网站上花费的时间意外地使其成为媒体所有者的零售商。ASOS拥有数百家内容制作者，许多大型零售商现在都在考虑在线媒体和广告策略。我们拥有的隐私和数据规则越多，cookies消失得越快，内容孤岛、大量受众和第一方数据在广告和电子商务中就越重要。</blockquote></p><p></p>","source":"lsy1615967223191","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>Do Amazon ads bring in more cash than AWS?<blockquote>亚马逊广告带来的现金比AWS多吗？</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDo Amazon ads bring in more cash than AWS?<blockquote>亚马逊广告带来的现金比AWS多吗？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Benedict Evans</strong><span class=\"h-time small\">2021-03-17 15:47</span>\n</p>\n</h4>\n</header>\n<article>\n<p>There’s an old and common narrative around Amazon that it doesn’t make money, it sells below cost, it’s subsidised by investors and in particular it’s subsidised by AWS. People tend to repeat these to each other as though they’re unquestionable true, but they’re either debatable or objectively false - for example, Amazon hasn’t raised money directly from investors since the IPO in 1997, though it does pay people a lot of stock (Lina Khan made this mistake in her otherwise&nbsp;excellent paper on the challenges Amazon poses to competition theory).</p><p><blockquote>围绕亚马逊有一个古老而常见的说法，即它不赚钱，它以低于成本的价格出售，它得到投资者的补贴，尤其是AWS的补贴。人们倾向于互相重复这些，好像它们是毫无疑问的真实，但它们要么是有争议的，要么客观上是错误的——例如，亚马逊自1997年首次公开募股以来就没有直接从投资者那里筹集过资金，尽管它确实向人们支付了很多股票（莉娜·汗在她关于亚马逊对竞争理论构成的挑战的优秀论文中犯了这个错误）。</blockquote></p><p> AWS is particularly interesting, though, because it <i>is</i> true that AWS is highly profitable and generates a lot of cash that Amazon can use for other things, and that naturally leads to the policy argument that we should split it apart from the rest of Amazon, so that the retail business would have to run off its own cashflow.</p><p><blockquote>不过，AWS特别有趣，因为它<i>是</i>诚然，AWS利润丰厚，并产生大量现金，亚马逊可以将其用于其他事情，这自然会导致政策争论，即我们应该将其与亚马逊的其他部分分开，这样零售业务就必须运行它自己的现金流。</blockquote></p><p> You could certainly do that (though given that Amazon has less than 10% share of US retail, it might be hard to win the case), but you also need to understand that AWS is not the only highly profitable part of Amazon - it’s just the only part that the SEC makes Amazon break out. As I wrote here (back in 2014), Amazon is a bundle of lots of different businesses with different margins, and the net income line only shows you the aggregate. AWS operating income is broken out, but there are other things that aren’t.</p><p><blockquote>你当然可以这样做（尽管考虑到亚马逊在美国零售业的份额不到10%，可能很难胜诉），但你也需要明白，AWS并不是亚马逊唯一高利润的部分——这只是SEC让亚马逊爆发的唯一部分。正如我在这里写的（早在2014年），亚马逊是许多不同业务的集合体，利润率不同，净利润线只显示了总数。AWS营业收入是细分的，但还有其他事情没有。</blockquote></p><p> Amazon started disclosing AWS numbers five years ago, but in the last couple of years another big and highly profitable business has quietly emerged in the footnotes at the back of the&nbsp;10k. Amazon’s ‘Other’ revenue line, which is ‘primarily’ advertising, was over $20bn in 2020.</p><p><blockquote>亚马逊五年前开始披露AWS的数据，但在过去几年里，另一项大型且高利润的业务悄然出现在10 k后面的脚注中。亚马逊的“其他”收入线（主要是广告）在2020年超过200亿美元。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/36b1ca305a41ec503202662c363a289c\" tg-width=\"1920\" tg-height=\"1080\"></p><p><blockquote></blockquote></p><p> How profitable is this? Amazon doesn’t tell us directly. Rather, it gives a divisional breakdown on two different bases:</p><p><blockquote>这有多赚钱？亚马逊没有直接告诉我们。相反，它在两个不同的基础上给出了部门细分：</blockquote></p><p> <ul>  <li>Revenue and operating income for North America, International and AWS</p><p><blockquote><ul><li>北美、国际和AWS的收入和营业收入</li></ul></blockquote></p><p></li>  <li>Revenue for online stores, physical stores, marketplace services, subscriptions (Prime), AWS and ‘other’, which is, again, ‘primarily’ the ad business.</p><p><blockquote><li>在线商店、实体店、市场服务、订阅(Prime)、AWS和“其他”的收入，这也是“主要”广告业务。</li></blockquote></p><p></li> </ul> So we know the profitability of AWS, but not advertising, and the ad business, along with everything else except AWS, is inside ‘North America’ and ‘International’.</p><p><blockquote>因此，我们知道AWS的盈利能力，但不知道广告，广告业务以及除AWS之外的所有业务都在“北美”和“国际”内部。</blockquote></p><p> However, we can make an informed guess. Google’s core business had 2020 operating margins before R&amp;D and TAC (neither apply here) of 68%, and that’s for the whole company, including the data centres and Youtube. How much incremental cost on top of Amazon’s existing systems does Amazon need to sell and deliver advertising? And how much of that ‘other’ line is ads anyway?</p><p><blockquote>然而，我们可以做出明智的猜测。谷歌的核心业务在研发和TAC（此处均不适用）之前的2020年营业利润率为68%，这是针对整个公司的，包括数据中心和Youtube。在亚马逊现有系统的基础上，亚马逊销售和投放广告需要多少增量成本？“另一条”线到底有多少是广告？</blockquote></p><p> At the top end, if we assume that $20bn of Amazon’s $21.5bn ‘Ads and other’ was actually ads, and it matched Google’s operating margin, that would be $13.6bn of operating income, the same as AWS. It could also be, say, $5bn lower - which would be in line with all of Amazon North America. Either way, it’s big, and growing,</p><p><blockquote>在最高端，如果我们假设亚马逊215亿美元的“广告和其他”中有200亿美元实际上是广告，并且它与谷歌的营业利润率相匹配，那么营业收入将为136亿美元，与AWS相同。比如说，它也可能减少50亿美元——这将与整个亚马逊北美地区一致。不管怎样，它很大，而且还在增长，</blockquote></p><p> <img src=\"https://static.tigerbbs.com/23cd87fb38508f5ec748cf2d14ac0b61\" tg-width=\"1920\" tg-height=\"1080\"></p><p><blockquote></blockquote></p><p> To repeat - this is just an informed guess, and ads will of course change other things, such as directing purchasing to different products that might have higher or lower margins for Amazon. Meanwhile, operating income does not include capex, so it’s not a great way to compare an ad business with a datacenter business. Most of that AWS operating income goes straight out of the door on building more AWS, so a free cash-flow comparison would made ads look better than AWS. But whatever the real number, this is a big business.</p><p><blockquote>重复一遍——这只是一个有根据的猜测，广告当然会改变其他事情，比如将购买导向亚马逊利润率可能更高或更低的不同产品。同时，营业收入不包括资本支出，因此这不是将广告业务与数据中心业务进行比较的好方法。AWS的大部分营业收入直接用于构建更多AWS，因此自由现金流比较会让广告看起来比AWS更好。但无论真实数字是多少，这都是一笔大生意。</blockquote></p><p> There are a few interesting things to think about here. Amazon’s own ecommerce, which is, again, only 40% of actual sales on the site, increasingly looks like a low-margin anchor to support the marketplace, and now ads. This week the FT reported the EU is having trouble building a competition case against Amazon: its theory is that Amazon unfairly steers customers away from marketplace vendors towards its own products, but one of Amazon’s arguments is apparently that marketplace is more profitable, so its incentive is the opposite! Everything at Amazon has an angle - the biggest subsidy, going right back the beginning, is the negative working capital, whereby it can charge customer before paying suppliers. Its use of stock to pay people has some of the same character.</p><p><blockquote>这里有一些有趣的事情需要思考。亚马逊自己的电子商务也只占网站实际销售额的40%，越来越像是支撑市场的低利润支柱，现在是广告。英国《金融时报》本周报道称，欧盟在建立针对亚马逊的竞争案例方面遇到了困难：其理论是亚马逊不公平地将客户从市场供应商转向自己的产品，但亚马逊的论点之一显然是市场更有利可图，因此其动机是相反的！亚马逊的一切都有一个角度——最大的补贴，追溯到一开始，是负营运资本，它可以在向供应商付款之前向客户收费。它使用股票来支付人们也有一些相同的特征。</blockquote></p><p> A general point, though - Amazon is not the only retailer to have realised that the time we spend on its site makes it a media owner by accident. ASOS has hundreds of content producers, and a lot of big retailers are now thinking about online media and ad strategies. The more privacy and data rules we have, and the faster that cookies disappear, the more that content silos, large audiences and first party data matter in ads and ecommerce.</p><p><blockquote>不过，有一点是，亚马逊并不是唯一一家意识到我们在其网站上花费的时间意外地使其成为媒体所有者的零售商。ASOS拥有数百家内容制作者，许多大型零售商现在都在考虑在线媒体和广告策略。我们拥有的隐私和数据规则越多，cookies消失得越快，内容孤岛、大量受众和第一方数据在广告和电子商务中就越重要。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.ben-evans.com/benedictevans/2021/3/14/do-amazon-ads-bring-in-more-cash-than-aws\">Benedict Evans</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://www.ben-evans.com/benedictevans/2021/3/14/do-amazon-ads-bring-in-more-cash-than-aws","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1124634608","content_text":"There’s an old and common narrative around Amazon that it doesn’t make money, it sells below cost, it’s subsidised by investors and in particular it’s subsidised by AWS. People tend to repeat these to each other as though they’re unquestionable true, but they’re either debatable or objectively false - for example, Amazon hasn’t raised money directly from investors since the IPO in 1997, though it does pay people a lot of stock (Lina Khan made this mistake in her otherwise excellent paper on the challenges Amazon poses to competition theory).\nAWS is particularly interesting, though, because it is true that AWS is highly profitable and generates a lot of cash that Amazon can use for other things, and that naturally leads to the policy argument that we should split it apart from the rest of Amazon, so that the retail business would have to run off its own cashflow.\nYou could certainly do that (though given that Amazon has less than 10% share of US retail, it might be hard to win the case), but you also need to understand that AWS is not the only highly profitable part of Amazon - it’s just the only part that the SEC makes Amazon break out. As I wrote here (back in 2014), Amazon is a bundle of lots of different businesses with different margins, and the net income line only shows you the aggregate. AWS operating income is broken out, but there are other things that aren’t.\nAmazon started disclosing AWS numbers five years ago, but in the last couple of years another big and highly profitable business has quietly emerged in the footnotes at the back of the 10k. Amazon’s ‘Other’ revenue line, which is ‘primarily’ advertising, was over $20bn in 2020.\n\nHow profitable is this? Amazon doesn’t tell us directly. Rather, it gives a divisional breakdown on two different bases:\n\nRevenue and operating income for North America, International and AWS\nRevenue for online stores, physical stores, marketplace services, subscriptions (Prime), AWS and ‘other’, which is, again, ‘primarily’ the ad business.\n\nSo we know the profitability of AWS, but not advertising, and the ad business, along with everything else except AWS, is inside ‘North America’ and ‘International’.\nHowever, we can make an informed guess. Google’s core business had 2020 operating margins before R&D and TAC (neither apply here) of 68%, and that’s for the whole company, including the data centres and Youtube. How much incremental cost on top of Amazon’s existing systems does Amazon need to sell and deliver advertising? And how much of that ‘other’ line is ads anyway?\nAt the top end, if we assume that $20bn of Amazon’s $21.5bn ‘Ads and other’ was actually ads, and it matched Google’s operating margin, that would be $13.6bn of operating income, the same as AWS. It could also be, say, $5bn lower - which would be in line with all of Amazon North America. Either way, it’s big, and growing,\n\nTo repeat - this is just an informed guess, and ads will of course change other things, such as directing purchasing to different products that might have higher or lower margins for Amazon. Meanwhile, operating income does not include capex, so it’s not a great way to compare an ad business with a datacenter business. Most of that AWS operating income goes straight out of the door on building more AWS, so a free cash-flow comparison would made ads look better than AWS. But whatever the real number, this is a big business.\nThere are a few interesting things to think about here. Amazon’s own ecommerce, which is, again, only 40% of actual sales on the site, increasingly looks like a low-margin anchor to support the marketplace, and now ads. This week the FT reported the EU is having trouble building a competition case against Amazon: its theory is that Amazon unfairly steers customers away from marketplace vendors towards its own products, but one of Amazon’s arguments is apparently that marketplace is more profitable, so its incentive is the opposite! Everything at Amazon has an angle - the biggest subsidy, going right back the beginning, is the negative working capital, whereby it can charge customer before paying suppliers. Its use of stock to pay people has some of the same character.\nA general point, though - Amazon is not the only retailer to have realised that the time we spend on its site makes it a media owner by accident. ASOS has hundreds of content producers, and a lot of big retailers are now thinking about online media and ad strategies. The more privacy and data rules we have, and the faster that cookies disappear, the more that content silos, large audiences and first party data matter in ads and ecommerce.","news_type":1,"symbols_score_info":{"AMZN":0.9}},"isVote":1,"tweetType":1,"viewCount":539,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":324341456,"gmtCreate":1615968942775,"gmtModify":1703495652748,"author":{"id":"3575005933062903","authorId":"3575005933062903","name":"Kenngaroo","avatar":"https://static.tigerbbs.com/64f060389d919cadcc673831998e0fa2","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575005933062903","authorIdStr":"3575005933062903"},"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/324341456","repostId":"1158940318","repostType":4,"isVote":1,"tweetType":1,"viewCount":416,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":325908502,"gmtCreate":1615854994606,"gmtModify":1703493980037,"author":{"id":"3575005933062903","authorId":"3575005933062903","name":"Kenngaroo","avatar":"https://static.tigerbbs.com/64f060389d919cadcc673831998e0fa2","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575005933062903","authorIdStr":"3575005933062903"},"themes":[],"htmlText":"Need some comments too","listText":"Need some comments too","text":"Need some comments too","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/325908502","repostId":"1124726208","repostType":4,"isVote":1,"tweetType":1,"viewCount":304,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":322148543,"gmtCreate":1615787620082,"gmtModify":1703492945808,"author":{"id":"3575005933062903","authorId":"3575005933062903","name":"Kenngaroo","avatar":"https://static.tigerbbs.com/64f060389d919cadcc673831998e0fa2","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575005933062903","authorIdStr":"3575005933062903"},"themes":[],"htmlText":"commentint","listText":"commentint","text":"commentint","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/322148543","repostId":"1127934735","repostType":4,"repost":{"id":"1127934735","kind":"news","pubTimestamp":1615787526,"share":"https://www.laohu8.com/m/news/1127934735?lang=zh_CN&edition=full","pubTime":"2021-03-15 13:52","market":"us","language":"en","title":"Where Will AMC Be in 1 Year?<blockquote>一年后AMC会在哪里？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1127934735","media":"Motley Fool","summary":"The theater operator looks like it has enough money to survive, but movie studios could undercut its","content":"<p>The theater operator looks like it has enough money to survive, but movie studios could undercut its recovery efforts.</p><p><blockquote>这家影院运营商看起来有足够的资金生存，但电影制片厂可能会削弱其复苏努力。</blockquote></p><p> With&nbsp;<b>AMC Entertainment</b>&nbsp;(NYSE:AMC)&nbsp;reporting fourth-quarter results that,while ugly, were still better than what Wall Street expected, now is a good time to look at where the theater operator could end up this time next year.</p><p><blockquote>与<b>AMC院线</b>（纽约证券交易所股票代码：AMC）公布的第四季度业绩虽然丑陋，但仍好于华尔街的预期，现在是看看这家影院运营商明年这个时候可能会走向何方的好时机。</blockquote></p><p> The earnings themselves aren't especially helpful, since it mostly had no business, no revenue, and mounting losses, but the report does provide clues about where AMC is heading and what investors can expect.</p><p><blockquote>收益本身并没有特别大的帮助，因为它基本上没有业务，没有收入，而且亏损不断增加，但该报告确实提供了有关AMC发展方向以及投资者可以期待什么的线索。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ef1390495a1043ac5dbc446d3cf48bff\" tg-width=\"2000\" tg-height=\"1335\"><span>IMAGE SOURCE: GETTY IMAGES.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> <b>Awaiting the grand reopening</b></p><p><blockquote><b>等待盛大的重新开业</b></blockquote></p><p> AMC's operations were obviously crushed by the COVID-19 pandemic and the strict limitations imposed on movie theaters. But the fact it was able to generate $162 million in revenue even though only 67% of its theaters were open and operating at just 20% to 40% capacity indicates there is still substantial demand for the big-screen experience.</p><p><blockquote>AMC的运营显然受到了COVID-19大流行和对电影院的严格限制的打击。但事实上，尽管只有67%的影院开放且仅以20%至40%的容量运营，但该公司仍能产生1.62亿美元的收入，这表明对大银幕体验的需求仍然很大。</blockquote></p><p> AMC said some 8 million people visited its cinemas globally (the international situation was even worse, with only 30% of its theaters open), which is just a fraction of pre-pandemic levels but not bad when fighting for survival.</p><p><blockquote>AMC表示，全球约有800万人参观了其影院（国际情况更糟，只有30%的影院开放），这只是大流行前水平的一小部分，但在为生存而战时还不错。</blockquote></p><p> And on that front, AMC should indeed survive, and could even thrive as a sense of normalcy returns to our everyday activities. A few states are allowing businesses to reopen without restrictions now. Other states are moving more slowly but could end up following suit as the pandemic comes under control.</p><p><blockquote>在这方面，AMC确实应该生存下来，甚至可以随着我们日常活动恢复正常感而蓬勃发展。一些州现在允许企业不受限制地重新开业。其他州的行动较慢，但随着疫情得到控制，最终可能会效仿。</blockquote></p><p> Setting the stage</p><p><blockquote>搭建舞台</blockquote></p><p> Movies will be returning to the theaters this year, too. Studios that delayed releasing their films until theaters were mostly up and running again will now do so over the coming months, including a number of much-anticipated potential blockbusters.</p><p><blockquote>电影今年也将重返影院。那些将电影推迟到影院基本恢复运营后才上映的电影公司现在将在未来几个月内上映，其中包括一些备受期待的潜在大片。</blockquote></p><p> CEO Adam Aron said, \"We look forward to returning to an environment of unfettered movie theater access for our guests, and we are eager to showcase the sizable and widely anticipated slate of new films that our studio partners have to offer.\"</p><p><blockquote>首席执行官亚当·阿伦(Adam Aron)表示：“我们期待着为客人重返不受限制的电影院环境，我们渴望展示我们的工作室合作伙伴提供的大量且广受期待的新电影。”</blockquote></p><p> Long-delayed titles including superhero flicks such as&nbsp;<i>Spider-Man: No Way Home</i>&nbsp;and&nbsp;<i>Black Widow</i>&nbsp;are due to appear later this year, as are sci-fi films like<i>Dune</i>and action movies such as the new James Bond title&nbsp;<i>No Time to Die</i>.</p><p><blockquote>拖延已久的电影，包括超级英雄电影，例如<i>蜘蛛侠：英雄无归</i>和<i>黑寡妇</i>将于今年晚些时候上映，科幻电影也是如此<i>沙丘</i>和动作片，如新的詹姆斯·邦德标题<i>007：无暇赴死</i>.</blockquote></p><p> <b>Split decision</b></p><p><blockquote><b>分裂决策</b></blockquote></p><p> Tempering the enthusiasm for their release, however, is that many films will now also be released either to on-demand streaming services only or will simultaneously appear in theaters and on streaming.</p><p><blockquote>然而，许多电影现在要么只在点播流媒体服务上发行，要么同时在影院和流媒体上上映，这降低了人们对其上映的热情。</blockquote></p><p> <b>Disney</b>&nbsp;(NYSE:DIS)&nbsp;was originally supposed to release the children's movie&nbsp;<i>Raya and the Last Dragon</i>&nbsp;into theaters last November. It got moved to mid-March and became a day-and-date release to theaters and Disney+ as a premium offering, similar to how the company made<i>Mulan</i>available last year.</p><p><blockquote><b>迪斯尼</b>（纽约证券交易所股票代码：DIS）原本应该发行儿童电影<i>拉亚和最后的龙</i>去年11月进入影院。它被推迟到3月中旬，并成为影院和Disney+的优质产品，类似于该公司的制作方式<i>花木兰</i>去年上市。</blockquote></p><p> Yet the reception it received was lukewarm at best. While AMC carried the movie,<b>Cinemark</b>&nbsp;(NYSE:CNK), the country's third-largest theater chain,refused to show it&nbsp;(presumably because of the release to Disney+, which undercuts the ability of theaters to generate revenue at a particularly vulnerable moment).</p><p><blockquote>然而，它受到的接待充其量是不冷不热的。在AMC进行这部电影的同时，<b>喜满客</b>美国第三大连锁影院（纽约证券交易所代码：CNK）拒绝放映这部电影（大概是因为向Disney+上映，这削弱了影院在特别脆弱的时刻创收的能力）。</blockquote></p><p> The film only generated around $8 million from the 2,400 or so theaters it was shown in on its opening weekend (no word on how much Disney generated from the pay-per-view showing), which suggests there could still be hiccups for theaters along the way.</p><p><blockquote>这部电影在首映周末仅从2400家左右的影院中获得了约800万美元的收入（没有消息表明迪士尼从按次付费放映中获得了多少收入），这表明影院在此过程中仍可能出现问题。</blockquote></p><p> A financial shipwreck</p><p><blockquote>金融沉船</blockquote></p><p> Yet as Aron detailed in AMC's earning release, the theater operator has taken sufficient steps financially to shore up its ledger sheet to make it through the rest of the year.</p><p><blockquote>然而，正如阿伦在AMC的财报中详细介绍的那样，这家影院运营商已经采取了足够的财务措施来支撑其账本，以度过今年剩余时间。</blockquote></p><p> AMC raised approximately $2.2 billion in new debt and equity capital, secured more than $1 billion in concessions from creditors and landlords, sold over $80 million in assets, and was able to convert $600 million worth of debt into equity. It now has $1 billion in cash on hand.</p><p><blockquote>AMC筹集了约22亿美元的新债务和股权资本，从债权人和房东那里获得了超过10亿美元的优惠，出售了超过8000万美元的资产，并能够将价值6亿美元的债务转换为股权。它现在手头有10亿美元现金。</blockquote></p><p> That should be sufficient capital to keep its theaters operating until the industry gets back on its feet and a steady stream of movies is once again filling screens, but all that restructuring has left AMC's financial situation in much worse shape.</p><p><blockquote>这应该足以维持影院运营，直到该行业重新站稳脚跟，源源不断的电影再次充斥银幕，但所有这些重组都让AMC的财务状况变得更加糟糕。</blockquote></p><p> Fortunately, the bills won't come due for a few years yet, but the theater chain still needs to prove the new normal for Hollywood is one where it can be profitable. Investors would be better off waiting for a sign that's possible and&nbsp;consumers actually wantto return en masse before diving in.</p><p><blockquote>幸运的是，这些账单几年后才会到期，但连锁影院仍需要证明好莱坞的新常态是可以盈利的。投资者最好等待一个可能的迹象，消费者实际上希望在投入之前集体回归。</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>Where Will AMC Be in 1 Year?<blockquote>一年后AMC会在哪里？</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\">\nWhere Will AMC Be in 1 Year?<blockquote>一年后AMC会在哪里？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Motley Fool</strong><span class=\"h-time small\">2021-03-15 13:52</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The theater operator looks like it has enough money to survive, but movie studios could undercut its recovery efforts.</p><p><blockquote>这家影院运营商看起来有足够的资金生存，但电影制片厂可能会削弱其复苏努力。</blockquote></p><p> With&nbsp;<b>AMC Entertainment</b>&nbsp;(NYSE:AMC)&nbsp;reporting fourth-quarter results that,while ugly, were still better than what Wall Street expected, now is a good time to look at where the theater operator could end up this time next year.</p><p><blockquote>与<b>AMC院线</b>（纽约证券交易所股票代码：AMC）公布的第四季度业绩虽然丑陋，但仍好于华尔街的预期，现在是看看这家影院运营商明年这个时候可能会走向何方的好时机。</blockquote></p><p> The earnings themselves aren't especially helpful, since it mostly had no business, no revenue, and mounting losses, but the report does provide clues about where AMC is heading and what investors can expect.</p><p><blockquote>收益本身并没有特别大的帮助，因为它基本上没有业务，没有收入，而且亏损不断增加，但该报告确实提供了有关AMC发展方向以及投资者可以期待什么的线索。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ef1390495a1043ac5dbc446d3cf48bff\" tg-width=\"2000\" tg-height=\"1335\"><span>IMAGE SOURCE: GETTY IMAGES.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> <b>Awaiting the grand reopening</b></p><p><blockquote><b>等待盛大的重新开业</b></blockquote></p><p> AMC's operations were obviously crushed by the COVID-19 pandemic and the strict limitations imposed on movie theaters. But the fact it was able to generate $162 million in revenue even though only 67% of its theaters were open and operating at just 20% to 40% capacity indicates there is still substantial demand for the big-screen experience.</p><p><blockquote>AMC的运营显然受到了COVID-19大流行和对电影院的严格限制的打击。但事实上，尽管只有67%的影院开放且仅以20%至40%的容量运营，但该公司仍能产生1.62亿美元的收入，这表明对大银幕体验的需求仍然很大。</blockquote></p><p> AMC said some 8 million people visited its cinemas globally (the international situation was even worse, with only 30% of its theaters open), which is just a fraction of pre-pandemic levels but not bad when fighting for survival.</p><p><blockquote>AMC表示，全球约有800万人参观了其影院（国际情况更糟，只有30%的影院开放），这只是大流行前水平的一小部分，但在为生存而战时还不错。</blockquote></p><p> And on that front, AMC should indeed survive, and could even thrive as a sense of normalcy returns to our everyday activities. A few states are allowing businesses to reopen without restrictions now. Other states are moving more slowly but could end up following suit as the pandemic comes under control.</p><p><blockquote>在这方面，AMC确实应该生存下来，甚至可以随着我们日常活动恢复正常感而蓬勃发展。一些州现在允许企业不受限制地重新开业。其他州的行动较慢，但随着疫情得到控制，最终可能会效仿。</blockquote></p><p> Setting the stage</p><p><blockquote>搭建舞台</blockquote></p><p> Movies will be returning to the theaters this year, too. Studios that delayed releasing their films until theaters were mostly up and running again will now do so over the coming months, including a number of much-anticipated potential blockbusters.</p><p><blockquote>电影今年也将重返影院。那些将电影推迟到影院基本恢复运营后才上映的电影公司现在将在未来几个月内上映，其中包括一些备受期待的潜在大片。</blockquote></p><p> CEO Adam Aron said, \"We look forward to returning to an environment of unfettered movie theater access for our guests, and we are eager to showcase the sizable and widely anticipated slate of new films that our studio partners have to offer.\"</p><p><blockquote>首席执行官亚当·阿伦(Adam Aron)表示：“我们期待着为客人重返不受限制的电影院环境，我们渴望展示我们的工作室合作伙伴提供的大量且广受期待的新电影。”</blockquote></p><p> Long-delayed titles including superhero flicks such as&nbsp;<i>Spider-Man: No Way Home</i>&nbsp;and&nbsp;<i>Black Widow</i>&nbsp;are due to appear later this year, as are sci-fi films like<i>Dune</i>and action movies such as the new James Bond title&nbsp;<i>No Time to Die</i>.</p><p><blockquote>拖延已久的电影，包括超级英雄电影，例如<i>蜘蛛侠：英雄无归</i>和<i>黑寡妇</i>将于今年晚些时候上映，科幻电影也是如此<i>沙丘</i>和动作片，如新的詹姆斯·邦德标题<i>007：无暇赴死</i>.</blockquote></p><p> <b>Split decision</b></p><p><blockquote><b>分裂决策</b></blockquote></p><p> Tempering the enthusiasm for their release, however, is that many films will now also be released either to on-demand streaming services only or will simultaneously appear in theaters and on streaming.</p><p><blockquote>然而，许多电影现在要么只在点播流媒体服务上发行，要么同时在影院和流媒体上上映，这降低了人们对其上映的热情。</blockquote></p><p> <b>Disney</b>&nbsp;(NYSE:DIS)&nbsp;was originally supposed to release the children's movie&nbsp;<i>Raya and the Last Dragon</i>&nbsp;into theaters last November. It got moved to mid-March and became a day-and-date release to theaters and Disney+ as a premium offering, similar to how the company made<i>Mulan</i>available last year.</p><p><blockquote><b>迪斯尼</b>（纽约证券交易所股票代码：DIS）原本应该发行儿童电影<i>拉亚和最后的龙</i>去年11月进入影院。它被推迟到3月中旬，并成为影院和Disney+的优质产品，类似于该公司的制作方式<i>花木兰</i>去年上市。</blockquote></p><p> Yet the reception it received was lukewarm at best. While AMC carried the movie,<b>Cinemark</b>&nbsp;(NYSE:CNK), the country's third-largest theater chain,refused to show it&nbsp;(presumably because of the release to Disney+, which undercuts the ability of theaters to generate revenue at a particularly vulnerable moment).</p><p><blockquote>然而，它受到的接待充其量是不冷不热的。在AMC进行这部电影的同时，<b>喜满客</b>美国第三大连锁影院（纽约证券交易所代码：CNK）拒绝放映这部电影（大概是因为向Disney+上映，这削弱了影院在特别脆弱的时刻创收的能力）。</blockquote></p><p> The film only generated around $8 million from the 2,400 or so theaters it was shown in on its opening weekend (no word on how much Disney generated from the pay-per-view showing), which suggests there could still be hiccups for theaters along the way.</p><p><blockquote>这部电影在首映周末仅从2400家左右的影院中获得了约800万美元的收入（没有消息表明迪士尼从按次付费放映中获得了多少收入），这表明影院在此过程中仍可能出现问题。</blockquote></p><p> A financial shipwreck</p><p><blockquote>金融沉船</blockquote></p><p> Yet as Aron detailed in AMC's earning release, the theater operator has taken sufficient steps financially to shore up its ledger sheet to make it through the rest of the year.</p><p><blockquote>然而，正如阿伦在AMC的财报中详细介绍的那样，这家影院运营商已经采取了足够的财务措施来支撑其账本，以度过今年剩余时间。</blockquote></p><p> AMC raised approximately $2.2 billion in new debt and equity capital, secured more than $1 billion in concessions from creditors and landlords, sold over $80 million in assets, and was able to convert $600 million worth of debt into equity. It now has $1 billion in cash on hand.</p><p><blockquote>AMC筹集了约22亿美元的新债务和股权资本，从债权人和房东那里获得了超过10亿美元的优惠，出售了超过8000万美元的资产，并能够将价值6亿美元的债务转换为股权。它现在手头有10亿美元现金。</blockquote></p><p> That should be sufficient capital to keep its theaters operating until the industry gets back on its feet and a steady stream of movies is once again filling screens, but all that restructuring has left AMC's financial situation in much worse shape.</p><p><blockquote>这应该足以维持影院运营，直到该行业重新站稳脚跟，源源不断的电影再次充斥银幕，但所有这些重组都让AMC的财务状况变得更加糟糕。</blockquote></p><p> Fortunately, the bills won't come due for a few years yet, but the theater chain still needs to prove the new normal for Hollywood is one where it can be profitable. Investors would be better off waiting for a sign that's possible and&nbsp;consumers actually wantto return en masse before diving in.</p><p><blockquote>幸运的是，这些账单几年后才会到期，但连锁影院仍需要证明好莱坞的新常态是可以盈利的。投资者最好等待一个可能的迹象，消费者实际上希望在投入之前集体回归。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/03/14/where-will-amc-be-in-1-year/\">Motley Fool</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMC":"AMC院线"},"source_url":"https://www.fool.com/investing/2021/03/14/where-will-amc-be-in-1-year/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1127934735","content_text":"The theater operator looks like it has enough money to survive, but movie studios could undercut its recovery efforts.\nWith AMC Entertainment (NYSE:AMC) reporting fourth-quarter results that,while ugly, were still better than what Wall Street expected, now is a good time to look at where the theater operator could end up this time next year.\nThe earnings themselves aren't especially helpful, since it mostly had no business, no revenue, and mounting losses, but the report does provide clues about where AMC is heading and what investors can expect.\nIMAGE SOURCE: GETTY IMAGES.\nAwaiting the grand reopening\nAMC's operations were obviously crushed by the COVID-19 pandemic and the strict limitations imposed on movie theaters. But the fact it was able to generate $162 million in revenue even though only 67% of its theaters were open and operating at just 20% to 40% capacity indicates there is still substantial demand for the big-screen experience.\nAMC said some 8 million people visited its cinemas globally (the international situation was even worse, with only 30% of its theaters open), which is just a fraction of pre-pandemic levels but not bad when fighting for survival.\nAnd on that front, AMC should indeed survive, and could even thrive as a sense of normalcy returns to our everyday activities. A few states are allowing businesses to reopen without restrictions now. Other states are moving more slowly but could end up following suit as the pandemic comes under control.\nSetting the stage\nMovies will be returning to the theaters this year, too. Studios that delayed releasing their films until theaters were mostly up and running again will now do so over the coming months, including a number of much-anticipated potential blockbusters.\nCEO Adam Aron said, \"We look forward to returning to an environment of unfettered movie theater access for our guests, and we are eager to showcase the sizable and widely anticipated slate of new films that our studio partners have to offer.\"\nLong-delayed titles including superhero flicks such as Spider-Man: No Way Home and Black Widow are due to appear later this year, as are sci-fi films likeDuneand action movies such as the new James Bond title No Time to Die.\nSplit decision\nTempering the enthusiasm for their release, however, is that many films will now also be released either to on-demand streaming services only or will simultaneously appear in theaters and on streaming.\nDisney (NYSE:DIS) was originally supposed to release the children's movie Raya and the Last Dragon into theaters last November. It got moved to mid-March and became a day-and-date release to theaters and Disney+ as a premium offering, similar to how the company madeMulanavailable last year.\nYet the reception it received was lukewarm at best. While AMC carried the movie,Cinemark (NYSE:CNK), the country's third-largest theater chain,refused to show it (presumably because of the release to Disney+, which undercuts the ability of theaters to generate revenue at a particularly vulnerable moment).\nThe film only generated around $8 million from the 2,400 or so theaters it was shown in on its opening weekend (no word on how much Disney generated from the pay-per-view showing), which suggests there could still be hiccups for theaters along the way.\nA financial shipwreck\nYet as Aron detailed in AMC's earning release, the theater operator has taken sufficient steps financially to shore up its ledger sheet to make it through the rest of the year.\nAMC raised approximately $2.2 billion in new debt and equity capital, secured more than $1 billion in concessions from creditors and landlords, sold over $80 million in assets, and was able to convert $600 million worth of debt into equity. It now has $1 billion in cash on hand.\nThat should be sufficient capital to keep its theaters operating until the industry gets back on its feet and a steady stream of movies is once again filling screens, but all that restructuring has left AMC's financial situation in much worse shape.\nFortunately, the bills won't come due for a few years yet, but the theater chain still needs to prove the new normal for Hollywood is one where it can be profitable. Investors would be better off waiting for a sign that's possible and consumers actually wantto return en masse before diving in.","news_type":1,"symbols_score_info":{"AMC":0.9}},"isVote":1,"tweetType":1,"viewCount":462,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":326181230,"gmtCreate":1615602362920,"gmtModify":1703491495704,"author":{"id":"3575005933062903","authorId":"3575005933062903","name":"Kenngaroo","avatar":"https://static.tigerbbs.com/64f060389d919cadcc673831998e0fa2","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575005933062903","authorIdStr":"3575005933062903"},"themes":[],"htmlText":"need a like","listText":"need a like","text":"need a like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/326181230","repostId":"1199156489","repostType":4,"repost":{"id":"1199156489","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":1615452861,"share":"https://www.laohu8.com/m/news/1199156489?lang=zh_CN&edition=full","pubTime":"2021-03-11 16:54","market":"us","language":"en","title":"US Daylight Saving Time<blockquote>美国夏令时</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1199156489","media":"Tiger Newspress","summary":"From 02:00 U.S. East time March 14(this Sunday),the North America region entered daylight saving tim","content":"<p>From&nbsp;02:00&nbsp;U.S.&nbsp;East&nbsp;time&nbsp;March&nbsp;14(this&nbsp;Sunday),the&nbsp;North America&nbsp;region&nbsp;entered&nbsp;daylight saving&nbsp;time,until&nbsp;02:00&nbsp;U.S.&nbsp;East&nbsp;time&nbsp;ends&nbsp;on&nbsp;November&nbsp;7,2021.</p><p><blockquote>从美国东部时间3月14日（本周日）02：00开始，北美地区进入夏令时，直到美国东部时间2021年11月7日02：00结束。</blockquote></p><p>So,starting&nbsp;on&nbsp;Monday,March&nbsp;14,the&nbsp;U.S.&nbsp;market&nbsp;will&nbsp;open&nbsp;and&nbsp;close&nbsp;one&nbsp;hour&nbsp;ahead&nbsp;of&nbsp;schedule&nbsp;during&nbsp;north&nbsp;american&nbsp;daylight saving time,i.e.,U.S.&nbsp;trading&nbsp;time&nbsp;will&nbsp;be&nbsp;changed&nbsp;to&nbsp;21:30&nbsp;beijing&nbsp;time&nbsp;to&nbsp;04:00&nbsp;a.m.the&nbsp;next&nbsp;day,pre-trade&nbsp;time&nbsp;will&nbsp;be&nbsp;16:00&nbsp;to&nbsp;21:30,after-trade&nbsp;time&nbsp;will&nbsp;be&nbsp;04:00&nbsp;to&nbsp;8:00.</p><p><blockquote>于是，从3月14日周一开始，美国市场将在北美夏令时期间提前一小时开盘和收盘，即美国交易时间改为北京时间21:30至次日凌晨04:00，交易前时间为16:00至21:30，交易后时间为04:00至8:00。</blockquote></p><p><b>What is daylight saving time?</b></p><p><blockquote><b>什么是夏令时？</b></blockquote></p><p>The DST is the practice of moving clocks forward by one hour during summer months so that daylight lasts longer into evening. Most of North America and Europe follows the custom, while the majority of countries elsewhere do not.</p><p><blockquote>夏令时是在夏季将时钟拨快一小时的做法，这样白天会持续更长时间到晚上。北美和欧洲的大部分地区遵循这一习俗，而其他地方的大多数国家则不这样做。</blockquote></p><p>Hawaii, American Samoa, Guam, Puerto Rico, the US Virgin Islands and most of Arizona don’t observe daylight saving time. It’s incumbent to stick with the status quo.</p><p><blockquote>夏威夷、美属萨摩亚、关岛、波多黎各、美属维尔京群岛和亚利桑那州大部分地区不实行夏令时。坚持现状是义不容辞的责任。</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>US Daylight Saving Time<blockquote>美国夏令时</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 Daylight Saving Time<blockquote>美国夏令时</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\">2021-03-11 16:54</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>From&nbsp;02:00&nbsp;U.S.&nbsp;East&nbsp;time&nbsp;March&nbsp;14(this&nbsp;Sunday),the&nbsp;North America&nbsp;region&nbsp;entered&nbsp;daylight saving&nbsp;time,until&nbsp;02:00&nbsp;U.S.&nbsp;East&nbsp;time&nbsp;ends&nbsp;on&nbsp;November&nbsp;7,2021.</p><p><blockquote>从美国东部时间3月14日（本周日）02：00开始，北美地区进入夏令时，直到美国东部时间2021年11月7日02：00结束。</blockquote></p><p>So,starting&nbsp;on&nbsp;Monday,March&nbsp;14,the&nbsp;U.S.&nbsp;market&nbsp;will&nbsp;open&nbsp;and&nbsp;close&nbsp;one&nbsp;hour&nbsp;ahead&nbsp;of&nbsp;schedule&nbsp;during&nbsp;north&nbsp;american&nbsp;daylight saving time,i.e.,U.S.&nbsp;trading&nbsp;time&nbsp;will&nbsp;be&nbsp;changed&nbsp;to&nbsp;21:30&nbsp;beijing&nbsp;time&nbsp;to&nbsp;04:00&nbsp;a.m.the&nbsp;next&nbsp;day,pre-trade&nbsp;time&nbsp;will&nbsp;be&nbsp;16:00&nbsp;to&nbsp;21:30,after-trade&nbsp;time&nbsp;will&nbsp;be&nbsp;04:00&nbsp;to&nbsp;8:00.</p><p><blockquote>于是，从3月14日周一开始，美国市场将在北美夏令时期间提前一小时开盘和收盘，即美国交易时间改为北京时间21:30至次日凌晨04:00，交易前时间为16:00至21:30，交易后时间为04:00至8:00。</blockquote></p><p><b>What is daylight saving time?</b></p><p><blockquote><b>什么是夏令时？</b></blockquote></p><p>The DST is the practice of moving clocks forward by one hour during summer months so that daylight lasts longer into evening. Most of North America and Europe follows the custom, while the majority of countries elsewhere do not.</p><p><blockquote>夏令时是在夏季将时钟拨快一小时的做法，这样白天会持续更长时间到晚上。北美和欧洲的大部分地区遵循这一习俗，而其他地方的大多数国家则不这样做。</blockquote></p><p>Hawaii, American Samoa, Guam, Puerto Rico, the US Virgin Islands and most of Arizona don’t observe daylight saving time. It’s incumbent to stick with the status quo.</p><p><blockquote>夏威夷、美属萨摩亚、关岛、波多黎各、美属维尔京群岛和亚利桑那州大部分地区不实行夏令时。坚持现状是义不容辞的责任。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1199156489","content_text":"From 02:00 U.S. East time March 14(this Sunday),the North America region entered daylight saving time,until 02:00 U.S. East time ends on November 7,2021.So,starting on Monday,March 14,the U.S. market will open and close one hour ahead of schedule during north american daylight saving time,i.e.,U.S. trading time will be changed to 21:30 beijing time to 04:00 a.m.the next day,pre-trade time will be 16:00 to 21:30,after-trade time will be 04:00 to 8:00.What is daylight saving time?The DST is the practice of moving clocks forward by one hour during summer months so that daylight lasts longer into evening. Most of North America and Europe follows the custom, while the majority of countries elsewhere do not.Hawaii, American Samoa, Guam, Puerto Rico, the US Virgin Islands and most of Arizona don’t observe daylight saving time. It’s incumbent to stick with the status quo.","news_type":1,"symbols_score_info":{".SPX":0.9,".DJI":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":391,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":328699227,"gmtCreate":1615517283969,"gmtModify":1703490311805,"author":{"id":"3575005933062903","authorId":"3575005933062903","name":"Kenngaroo","avatar":"https://static.tigerbbs.com/64f060389d919cadcc673831998e0fa2","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575005933062903","authorIdStr":"3575005933062903"},"themes":[],"htmlText":"like n comment tyvm","listText":"like n comment tyvm","text":"like n comment tyvm","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/328699227","repostId":"1199156489","repostType":4,"repost":{"id":"1199156489","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":1615452861,"share":"https://www.laohu8.com/m/news/1199156489?lang=zh_CN&edition=full","pubTime":"2021-03-11 16:54","market":"us","language":"en","title":"US Daylight Saving Time<blockquote>美国夏令时</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1199156489","media":"Tiger Newspress","summary":"From 02:00 U.S. East time March 14(this Sunday),the North America region entered daylight saving tim","content":"<p>From&nbsp;02:00&nbsp;U.S.&nbsp;East&nbsp;time&nbsp;March&nbsp;14(this&nbsp;Sunday),the&nbsp;North America&nbsp;region&nbsp;entered&nbsp;daylight saving&nbsp;time,until&nbsp;02:00&nbsp;U.S.&nbsp;East&nbsp;time&nbsp;ends&nbsp;on&nbsp;November&nbsp;7,2021.</p><p><blockquote>从美国东部时间3月14日（本周日）02：00开始，北美地区进入夏令时，直到美国东部时间2021年11月7日02：00结束。</blockquote></p><p>So,starting&nbsp;on&nbsp;Monday,March&nbsp;14,the&nbsp;U.S.&nbsp;market&nbsp;will&nbsp;open&nbsp;and&nbsp;close&nbsp;one&nbsp;hour&nbsp;ahead&nbsp;of&nbsp;schedule&nbsp;during&nbsp;north&nbsp;american&nbsp;daylight saving time,i.e.,U.S.&nbsp;trading&nbsp;time&nbsp;will&nbsp;be&nbsp;changed&nbsp;to&nbsp;21:30&nbsp;beijing&nbsp;time&nbsp;to&nbsp;04:00&nbsp;a.m.the&nbsp;next&nbsp;day,pre-trade&nbsp;time&nbsp;will&nbsp;be&nbsp;16:00&nbsp;to&nbsp;21:30,after-trade&nbsp;time&nbsp;will&nbsp;be&nbsp;04:00&nbsp;to&nbsp;8:00.</p><p><blockquote>于是，从3月14日周一开始，美国市场将在北美夏令时期间提前一小时开盘和收盘，即美国交易时间改为北京时间21:30至次日凌晨04:00，交易前时间为16:00至21:30，交易后时间为04:00至8:00。</blockquote></p><p><b>What is daylight saving time?</b></p><p><blockquote><b>什么是夏令时？</b></blockquote></p><p>The DST is the practice of moving clocks forward by one hour during summer months so that daylight lasts longer into evening. Most of North America and Europe follows the custom, while the majority of countries elsewhere do not.</p><p><blockquote>夏令时是在夏季将时钟拨快一小时的做法，这样白天会持续更长时间到晚上。北美和欧洲的大部分地区遵循这一习俗，而其他地方的大多数国家则不这样做。</blockquote></p><p>Hawaii, American Samoa, Guam, Puerto Rico, the US Virgin Islands and most of Arizona don’t observe daylight saving time. It’s incumbent to stick with the status quo.</p><p><blockquote>夏威夷、美属萨摩亚、关岛、波多黎各、美属维尔京群岛和亚利桑那州大部分地区不实行夏令时。坚持现状是义不容辞的责任。</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>US Daylight Saving Time<blockquote>美国夏令时</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 Daylight Saving Time<blockquote>美国夏令时</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\">2021-03-11 16:54</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>From&nbsp;02:00&nbsp;U.S.&nbsp;East&nbsp;time&nbsp;March&nbsp;14(this&nbsp;Sunday),the&nbsp;North America&nbsp;region&nbsp;entered&nbsp;daylight saving&nbsp;time,until&nbsp;02:00&nbsp;U.S.&nbsp;East&nbsp;time&nbsp;ends&nbsp;on&nbsp;November&nbsp;7,2021.</p><p><blockquote>从美国东部时间3月14日（本周日）02：00开始，北美地区进入夏令时，直到美国东部时间2021年11月7日02：00结束。</blockquote></p><p>So,starting&nbsp;on&nbsp;Monday,March&nbsp;14,the&nbsp;U.S.&nbsp;market&nbsp;will&nbsp;open&nbsp;and&nbsp;close&nbsp;one&nbsp;hour&nbsp;ahead&nbsp;of&nbsp;schedule&nbsp;during&nbsp;north&nbsp;american&nbsp;daylight saving time,i.e.,U.S.&nbsp;trading&nbsp;time&nbsp;will&nbsp;be&nbsp;changed&nbsp;to&nbsp;21:30&nbsp;beijing&nbsp;time&nbsp;to&nbsp;04:00&nbsp;a.m.the&nbsp;next&nbsp;day,pre-trade&nbsp;time&nbsp;will&nbsp;be&nbsp;16:00&nbsp;to&nbsp;21:30,after-trade&nbsp;time&nbsp;will&nbsp;be&nbsp;04:00&nbsp;to&nbsp;8:00.</p><p><blockquote>于是，从3月14日周一开始，美国市场将在北美夏令时期间提前一小时开盘和收盘，即美国交易时间改为北京时间21:30至次日凌晨04:00，交易前时间为16:00至21:30，交易后时间为04:00至8:00。</blockquote></p><p><b>What is daylight saving time?</b></p><p><blockquote><b>什么是夏令时？</b></blockquote></p><p>The DST is the practice of moving clocks forward by one hour during summer months so that daylight lasts longer into evening. Most of North America and Europe follows the custom, while the majority of countries elsewhere do not.</p><p><blockquote>夏令时是在夏季将时钟拨快一小时的做法，这样白天会持续更长时间到晚上。北美和欧洲的大部分地区遵循这一习俗，而其他地方的大多数国家则不这样做。</blockquote></p><p>Hawaii, American Samoa, Guam, Puerto Rico, the US Virgin Islands and most of Arizona don’t observe daylight saving time. It’s incumbent to stick with the status quo.</p><p><blockquote>夏威夷、美属萨摩亚、关岛、波多黎各、美属维尔京群岛和亚利桑那州大部分地区不实行夏令时。坚持现状是义不容辞的责任。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1199156489","content_text":"From 02:00 U.S. East time March 14(this Sunday),the North America region entered daylight saving time,until 02:00 U.S. East time ends on November 7,2021.So,starting on Monday,March 14,the U.S. market will open and close one hour ahead of schedule during north american daylight saving time,i.e.,U.S. trading time will be changed to 21:30 beijing time to 04:00 a.m.the next day,pre-trade time will be 16:00 to 21:30,after-trade time will be 04:00 to 8:00.What is daylight saving time?The DST is the practice of moving clocks forward by one hour during summer months so that daylight lasts longer into evening. Most of North America and Europe follows the custom, while the majority of countries elsewhere do not.Hawaii, American Samoa, Guam, Puerto Rico, the US Virgin Islands and most of Arizona don’t observe daylight saving time. It’s incumbent to stick with the status quo.","news_type":1,"symbols_score_info":{".SPX":0.9,".DJI":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":522,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":328699227,"gmtCreate":1615517283969,"gmtModify":1703490311805,"author":{"id":"3575005933062903","authorId":"3575005933062903","name":"Kenngaroo","avatar":"https://static.tigerbbs.com/64f060389d919cadcc673831998e0fa2","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575005933062903","authorIdStr":"3575005933062903"},"themes":[],"htmlText":"like n comment tyvm","listText":"like n comment tyvm","text":"like n comment tyvm","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/328699227","repostId":"1199156489","repostType":4,"repost":{"id":"1199156489","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":1615452861,"share":"https://www.laohu8.com/m/news/1199156489?lang=zh_CN&edition=full","pubTime":"2021-03-11 16:54","market":"us","language":"en","title":"US Daylight Saving Time<blockquote>美国夏令时</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1199156489","media":"Tiger Newspress","summary":"From 02:00 U.S. East time March 14(this Sunday),the North America region entered daylight saving tim","content":"<p>From&nbsp;02:00&nbsp;U.S.&nbsp;East&nbsp;time&nbsp;March&nbsp;14(this&nbsp;Sunday),the&nbsp;North America&nbsp;region&nbsp;entered&nbsp;daylight saving&nbsp;time,until&nbsp;02:00&nbsp;U.S.&nbsp;East&nbsp;time&nbsp;ends&nbsp;on&nbsp;November&nbsp;7,2021.</p><p><blockquote>从美国东部时间3月14日（本周日）02：00开始，北美地区进入夏令时，直到美国东部时间2021年11月7日02：00结束。</blockquote></p><p>So,starting&nbsp;on&nbsp;Monday,March&nbsp;14,the&nbsp;U.S.&nbsp;market&nbsp;will&nbsp;open&nbsp;and&nbsp;close&nbsp;one&nbsp;hour&nbsp;ahead&nbsp;of&nbsp;schedule&nbsp;during&nbsp;north&nbsp;american&nbsp;daylight saving time,i.e.,U.S.&nbsp;trading&nbsp;time&nbsp;will&nbsp;be&nbsp;changed&nbsp;to&nbsp;21:30&nbsp;beijing&nbsp;time&nbsp;to&nbsp;04:00&nbsp;a.m.the&nbsp;next&nbsp;day,pre-trade&nbsp;time&nbsp;will&nbsp;be&nbsp;16:00&nbsp;to&nbsp;21:30,after-trade&nbsp;time&nbsp;will&nbsp;be&nbsp;04:00&nbsp;to&nbsp;8:00.</p><p><blockquote>于是，从3月14日周一开始，美国市场将在北美夏令时期间提前一小时开盘和收盘，即美国交易时间改为北京时间21:30至次日凌晨04:00，交易前时间为16:00至21:30，交易后时间为04:00至8:00。</blockquote></p><p><b>What is daylight saving time?</b></p><p><blockquote><b>什么是夏令时？</b></blockquote></p><p>The DST is the practice of moving clocks forward by one hour during summer months so that daylight lasts longer into evening. Most of North America and Europe follows the custom, while the majority of countries elsewhere do not.</p><p><blockquote>夏令时是在夏季将时钟拨快一小时的做法，这样白天会持续更长时间到晚上。北美和欧洲的大部分地区遵循这一习俗，而其他地方的大多数国家则不这样做。</blockquote></p><p>Hawaii, American Samoa, Guam, Puerto Rico, the US Virgin Islands and most of Arizona don’t observe daylight saving time. It’s incumbent to stick with the status quo.</p><p><blockquote>夏威夷、美属萨摩亚、关岛、波多黎各、美属维尔京群岛和亚利桑那州大部分地区不实行夏令时。坚持现状是义不容辞的责任。</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>US Daylight Saving Time<blockquote>美国夏令时</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 Daylight Saving Time<blockquote>美国夏令时</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\">2021-03-11 16:54</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>From&nbsp;02:00&nbsp;U.S.&nbsp;East&nbsp;time&nbsp;March&nbsp;14(this&nbsp;Sunday),the&nbsp;North America&nbsp;region&nbsp;entered&nbsp;daylight saving&nbsp;time,until&nbsp;02:00&nbsp;U.S.&nbsp;East&nbsp;time&nbsp;ends&nbsp;on&nbsp;November&nbsp;7,2021.</p><p><blockquote>从美国东部时间3月14日（本周日）02：00开始，北美地区进入夏令时，直到美国东部时间2021年11月7日02：00结束。</blockquote></p><p>So,starting&nbsp;on&nbsp;Monday,March&nbsp;14,the&nbsp;U.S.&nbsp;market&nbsp;will&nbsp;open&nbsp;and&nbsp;close&nbsp;one&nbsp;hour&nbsp;ahead&nbsp;of&nbsp;schedule&nbsp;during&nbsp;north&nbsp;american&nbsp;daylight saving time,i.e.,U.S.&nbsp;trading&nbsp;time&nbsp;will&nbsp;be&nbsp;changed&nbsp;to&nbsp;21:30&nbsp;beijing&nbsp;time&nbsp;to&nbsp;04:00&nbsp;a.m.the&nbsp;next&nbsp;day,pre-trade&nbsp;time&nbsp;will&nbsp;be&nbsp;16:00&nbsp;to&nbsp;21:30,after-trade&nbsp;time&nbsp;will&nbsp;be&nbsp;04:00&nbsp;to&nbsp;8:00.</p><p><blockquote>于是，从3月14日周一开始，美国市场将在北美夏令时期间提前一小时开盘和收盘，即美国交易时间改为北京时间21:30至次日凌晨04:00，交易前时间为16:00至21:30，交易后时间为04:00至8:00。</blockquote></p><p><b>What is daylight saving time?</b></p><p><blockquote><b>什么是夏令时？</b></blockquote></p><p>The DST is the practice of moving clocks forward by one hour during summer months so that daylight lasts longer into evening. Most of North America and Europe follows the custom, while the majority of countries elsewhere do not.</p><p><blockquote>夏令时是在夏季将时钟拨快一小时的做法，这样白天会持续更长时间到晚上。北美和欧洲的大部分地区遵循这一习俗，而其他地方的大多数国家则不这样做。</blockquote></p><p>Hawaii, American Samoa, Guam, Puerto Rico, the US Virgin Islands and most of Arizona don’t observe daylight saving time. It’s incumbent to stick with the status quo.</p><p><blockquote>夏威夷、美属萨摩亚、关岛、波多黎各、美属维尔京群岛和亚利桑那州大部分地区不实行夏令时。坚持现状是义不容辞的责任。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1199156489","content_text":"From 02:00 U.S. East time March 14(this Sunday),the North America region entered daylight saving time,until 02:00 U.S. East time ends on November 7,2021.So,starting on Monday,March 14,the U.S. market will open and close one hour ahead of schedule during north american daylight saving time,i.e.,U.S. trading time will be changed to 21:30 beijing time to 04:00 a.m.the next day,pre-trade time will be 16:00 to 21:30,after-trade time will be 04:00 to 8:00.What is daylight saving time?The DST is the practice of moving clocks forward by one hour during summer months so that daylight lasts longer into evening. Most of North America and Europe follows the custom, while the majority of countries elsewhere do not.Hawaii, American Samoa, Guam, Puerto Rico, the US Virgin Islands and most of Arizona don’t observe daylight saving time. It’s incumbent to stick with the status quo.","news_type":1,"symbols_score_info":{".SPX":0.9,".DJI":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":522,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":325908502,"gmtCreate":1615854994606,"gmtModify":1703493980037,"author":{"id":"3575005933062903","authorId":"3575005933062903","name":"Kenngaroo","avatar":"https://static.tigerbbs.com/64f060389d919cadcc673831998e0fa2","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575005933062903","authorIdStr":"3575005933062903"},"themes":[],"htmlText":"Need some comments too","listText":"Need some comments too","text":"Need some comments too","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/325908502","repostId":"1124726208","repostType":4,"repost":{"id":"1124726208","kind":"news","pubTimestamp":1615854446,"share":"https://www.laohu8.com/m/news/1124726208?lang=zh_CN&edition=full","pubTime":"2021-03-16 08:27","market":"us","language":"en","title":"Elon Musk Is Now the ‘Technoking’ of Tesla. What’s Behind the Name.<blockquote>Elon Musk现在是特斯拉的“技术之王”。名字背后是什么。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1124726208","media":"Barrons","summary":"Tesla’s Elon Musk isn’t only a CEO. On Monday, he became a king of sorts.The electric vehicle pioneer toldthe Securities and Exchange Commissionthat founderMuskwill add the title Technoking of Tesla . CFO Zach Kirkhorn is getting another one, too: Master of Coin.In the SEC 8-K filing, Kirkhorn adds: “Elon and Zach will also maintain their respective positions as Chief Executive Officer and Chief Financial Officer.”The new titles might reflect the men’s decision to put some of Tesla’s cash into B","content":"<p>Tesla’s Elon Musk isn’t only a CEO. On Monday, he became a king of sorts.</p><p><blockquote>特斯拉的Elon Musk不仅仅是首席执行官。周一，他成了某种程度上的国王。</blockquote></p><p>The electric vehicle pioneer toldthe Securities and Exchange Commissionthat founderMuskwill add the title Technoking of Tesla (ticker: TSLA). CFO Zach Kirkhorn is getting another one, too: Master of Coin.</p><p><blockquote>这家电动汽车先驱告诉美国证券交易委员会，创始人马斯克将添加特斯拉技术之王（股票代码：TSLA）的头衔。首席财务官扎克·柯克霍恩也得到了另一个：硬币大师。</blockquote></p><p>In the SEC 8-K filing, Kirkhorn adds: “Elon and Zach will also maintain their respective positions as Chief Executive Officer and Chief Financial Officer.”</p><p><blockquote>在SEC 8-K文件中，柯克霍恩补充道：“埃隆和扎克还将维持各自的首席执行官和首席财务官职位。”</blockquote></p><p>An 8-K form is what companies file to notify shareholders of important information, such as earnings news releases, management appointments and corporate acquisitions.</p><p><blockquote>8-K表格是公司为通知股东重要信息而提交的表格，例如收益新闻稿、管理层任命和公司收购。</blockquote></p><p>The new titles might reflect the men’s decision to put some of Tesla’s cash&nbsp;into Bitcoin. The cryptocurrency hit $60,000 over the weekend, making the EV maker more than&nbsp;$1 billion&nbsp;on its initial $1.5 billion buy. Tesla invested back when Bitcoin was about $33,000.</p><p><blockquote>新的头衔可能反映了这些人将特斯拉的一些现金投入比特币的决定。该加密货币周末触及60,000美元，使这家电动汽车制造商在最初15亿美元的收购中获得了超过10亿美元的收益。特斯拉在比特币约33,000美元时进行了投资。</blockquote></p><p>Bitcoin has fallen back in Monday trading to about $56,000, but is still up more than 90% year to date and more than 20% in March.</p><p><blockquote>比特币在周一的交易中回落至56,000美元左右，但今年迄今仍上涨了90%以上，3月份上涨了20%以上。</blockquote></p><p>Musk spent part of his weekend tweeting about another of his favorite cryptocurrencies, Dogecoin, which is up to a little more than a nickel a Dogecoin—roughly about 1,300% year to date.</p><p><blockquote>马斯克周末花了一部分时间在推特上谈论他最喜欢的另一种加密货币狗狗币，狗狗币的价格已升至每只狗狗币5美分多一点——今年迄今为止大约上涨了1,300%。</blockquote></p><p>Institutional investors are playing a major role in Bitcoin's recent uptick. Here's why, and what it means for the future.</p><p><blockquote>机构投资者在比特币近期的上涨中发挥了重要作用。原因如下，以及它对未来的意义。</blockquote></p><p>The Technoking and Master of Coin titles fall in line with Tesla’s offbeat approach. Musk has turned Tesla into the most valuable car company in the world by, essentially, paying no attention to what traditional automotive companies and analysts say.</p><p><blockquote>Technoking和Master of Coin头衔符合特斯拉的另类方法。马斯克将特斯拉变成了世界上最有价值的汽车公司，本质上是没有关注传统汽车公司和分析师的言论。</blockquote></p><p>Still, the news isn’t doing much to Tesla stock, which is up about 2%&nbsp;on&nbsp;Monday.S&amp;P 500&nbsp;and&nbsp;Dow Jones Industrial Average&nbsp;futures are up about 0.7% and 0.5%, respectively.</p><p><blockquote>尽管如此，这一消息对特斯拉股价影响不大，该股周一上涨约2%。标普500和道琼斯工业平均指数期货分别上涨约0.7%和0.5%。</blockquote></p><p>Investors are really waiting for the Federal Reserve to comment on interest rates later in the week. The U.S. 10 Year Treasury bond yield is up to about 1.6% from 1.2% only a few weeks back. The rapid rise has hit growth stocks, including Tesla shares. The&nbsp;Nasdaq Composite,home to many richly valued, high-growth stocks, is down about 5% since Feb. 16, when the index hit an all-time high. The Dow is up about 4% over the same period.</p><p><blockquote>投资者确实在等待美联储本周晚些时候对利率的评论。美国10年期国债收益率从几周前的1.2%升至约1.6%。快速上涨打击了成长型股票，包括特斯拉股票。纳斯达克综合指数拥有许多估值丰厚的高增长股票，自2月16日该指数创下历史新高以来已下跌约5%。道琼斯指数同期上涨约4%。</blockquote></p><p>Tesla stock is down about 13% since then. Higher rate&nbsp;shit high-growth stocks&nbsp;harder than others. They make it more expensive to finance growth like what Mush is targeting—vehicle delivery growth a year on average for the foreseeable future.</p><p><blockquote>此后，特斯拉股价下跌了约13%。较高的利率使高增长股票比其他股票更难。它们使得为Mush的目标——在可预见的未来，车辆交付量平均每年增长——融资变得更加昂贵。</blockquote></p><p>What’s more, growth companies generate cash far in the future which is worth a little less, relatively speaking, when investors have other options to earn higher rates of interest today.</p><p><blockquote>更重要的是，成长型公司会在未来产生现金，相对而言，当投资者今天有其他选择来赚取更高的利率时，这些现金的价值会稍微低一些。</blockquote></p><p></p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Elon Musk Is Now the ‘Technoking’ of Tesla. What’s Behind the Name.<blockquote>Elon Musk现在是特斯拉的“技术之王”。名字背后是什么。</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nElon Musk Is Now the ‘Technoking’ of Tesla. What’s Behind the Name.<blockquote>Elon Musk现在是特斯拉的“技术之王”。名字背后是什么。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-03-16 08:27</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Tesla’s Elon Musk isn’t only a CEO. On Monday, he became a king of sorts.</p><p><blockquote>特斯拉的Elon Musk不仅仅是首席执行官。周一，他成了某种程度上的国王。</blockquote></p><p>The electric vehicle pioneer toldthe Securities and Exchange Commissionthat founderMuskwill add the title Technoking of Tesla (ticker: TSLA). CFO Zach Kirkhorn is getting another one, too: Master of Coin.</p><p><blockquote>这家电动汽车先驱告诉美国证券交易委员会，创始人马斯克将添加特斯拉技术之王（股票代码：TSLA）的头衔。首席财务官扎克·柯克霍恩也得到了另一个：硬币大师。</blockquote></p><p>In the SEC 8-K filing, Kirkhorn adds: “Elon and Zach will also maintain their respective positions as Chief Executive Officer and Chief Financial Officer.”</p><p><blockquote>在SEC 8-K文件中，柯克霍恩补充道：“埃隆和扎克还将维持各自的首席执行官和首席财务官职位。”</blockquote></p><p>An 8-K form is what companies file to notify shareholders of important information, such as earnings news releases, management appointments and corporate acquisitions.</p><p><blockquote>8-K表格是公司为通知股东重要信息而提交的表格，例如收益新闻稿、管理层任命和公司收购。</blockquote></p><p>The new titles might reflect the men’s decision to put some of Tesla’s cash&nbsp;into Bitcoin. The cryptocurrency hit $60,000 over the weekend, making the EV maker more than&nbsp;$1 billion&nbsp;on its initial $1.5 billion buy. Tesla invested back when Bitcoin was about $33,000.</p><p><blockquote>新的头衔可能反映了这些人将特斯拉的一些现金投入比特币的决定。该加密货币周末触及60,000美元，使这家电动汽车制造商在最初15亿美元的收购中获得了超过10亿美元的收益。特斯拉在比特币约33,000美元时进行了投资。</blockquote></p><p>Bitcoin has fallen back in Monday trading to about $56,000, but is still up more than 90% year to date and more than 20% in March.</p><p><blockquote>比特币在周一的交易中回落至56,000美元左右，但今年迄今仍上涨了90%以上，3月份上涨了20%以上。</blockquote></p><p>Musk spent part of his weekend tweeting about another of his favorite cryptocurrencies, Dogecoin, which is up to a little more than a nickel a Dogecoin—roughly about 1,300% year to date.</p><p><blockquote>马斯克周末花了一部分时间在推特上谈论他最喜欢的另一种加密货币狗狗币，狗狗币的价格已升至每只狗狗币5美分多一点——今年迄今为止大约上涨了1,300%。</blockquote></p><p>Institutional investors are playing a major role in Bitcoin's recent uptick. Here's why, and what it means for the future.</p><p><blockquote>机构投资者在比特币近期的上涨中发挥了重要作用。原因如下，以及它对未来的意义。</blockquote></p><p>The Technoking and Master of Coin titles fall in line with Tesla’s offbeat approach. Musk has turned Tesla into the most valuable car company in the world by, essentially, paying no attention to what traditional automotive companies and analysts say.</p><p><blockquote>Technoking和Master of Coin头衔符合特斯拉的另类方法。马斯克将特斯拉变成了世界上最有价值的汽车公司，本质上是没有关注传统汽车公司和分析师的言论。</blockquote></p><p>Still, the news isn’t doing much to Tesla stock, which is up about 2%&nbsp;on&nbsp;Monday.S&amp;P 500&nbsp;and&nbsp;Dow Jones Industrial Average&nbsp;futures are up about 0.7% and 0.5%, respectively.</p><p><blockquote>尽管如此，这一消息对特斯拉股价影响不大，该股周一上涨约2%。标普500和道琼斯工业平均指数期货分别上涨约0.7%和0.5%。</blockquote></p><p>Investors are really waiting for the Federal Reserve to comment on interest rates later in the week. The U.S. 10 Year Treasury bond yield is up to about 1.6% from 1.2% only a few weeks back. The rapid rise has hit growth stocks, including Tesla shares. The&nbsp;Nasdaq Composite,home to many richly valued, high-growth stocks, is down about 5% since Feb. 16, when the index hit an all-time high. The Dow is up about 4% over the same period.</p><p><blockquote>投资者确实在等待美联储本周晚些时候对利率的评论。美国10年期国债收益率从几周前的1.2%升至约1.6%。快速上涨打击了成长型股票，包括特斯拉股票。纳斯达克综合指数拥有许多估值丰厚的高增长股票，自2月16日该指数创下历史新高以来已下跌约5%。道琼斯指数同期上涨约4%。</blockquote></p><p>Tesla stock is down about 13% since then. Higher rate&nbsp;shit high-growth stocks&nbsp;harder than others. They make it more expensive to finance growth like what Mush is targeting—vehicle delivery growth a year on average for the foreseeable future.</p><p><blockquote>此后，特斯拉股价下跌了约13%。较高的利率使高增长股票比其他股票更难。它们使得为Mush的目标——在可预见的未来，车辆交付量平均每年增长——融资变得更加昂贵。</blockquote></p><p>What’s more, growth companies generate cash far in the future which is worth a little less, relatively speaking, when investors have other options to earn higher rates of interest today.</p><p><blockquote>更重要的是，成长型公司会在未来产生现金，相对而言，当投资者今天有其他选择来赚取更高的利率时，这些现金的价值会稍微低一些。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/teslas-elon-musk-adds-a-title-and-tells-the-sec-about-it-51615816265?mod=hp_DAY_4\">Barrons</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.barrons.com/articles/teslas-elon-musk-adds-a-title-and-tells-the-sec-about-it-51615816265?mod=hp_DAY_4","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1124726208","content_text":"Tesla’s Elon Musk isn’t only a CEO. On Monday, he became a king of sorts.The electric vehicle pioneer toldthe Securities and Exchange Commissionthat founderMuskwill add the title Technoking of Tesla (ticker: TSLA). CFO Zach Kirkhorn is getting another one, too: Master of Coin.In the SEC 8-K filing, Kirkhorn adds: “Elon and Zach will also maintain their respective positions as Chief Executive Officer and Chief Financial Officer.”An 8-K form is what companies file to notify shareholders of important information, such as earnings news releases, management appointments and corporate acquisitions.The new titles might reflect the men’s decision to put some of Tesla’s cash into Bitcoin. The cryptocurrency hit $60,000 over the weekend, making the EV maker more than $1 billion on its initial $1.5 billion buy. Tesla invested back when Bitcoin was about $33,000.Bitcoin has fallen back in Monday trading to about $56,000, but is still up more than 90% year to date and more than 20% in March.Musk spent part of his weekend tweeting about another of his favorite cryptocurrencies, Dogecoin, which is up to a little more than a nickel a Dogecoin—roughly about 1,300% year to date.Institutional investors are playing a major role in Bitcoin's recent uptick. Here's why, and what it means for the future.The Technoking and Master of Coin titles fall in line with Tesla’s offbeat approach. Musk has turned Tesla into the most valuable car company in the world by, essentially, paying no attention to what traditional automotive companies and analysts say.Still, the news isn’t doing much to Tesla stock, which is up about 2% on Monday.S&P 500 and Dow Jones Industrial Average futures are up about 0.7% and 0.5%, respectively.Investors are really waiting for the Federal Reserve to comment on interest rates later in the week. The U.S. 10 Year Treasury bond yield is up to about 1.6% from 1.2% only a few weeks back. The rapid rise has hit growth stocks, including Tesla shares. The Nasdaq Composite,home to many richly valued, high-growth stocks, is down about 5% since Feb. 16, when the index hit an all-time high. The Dow is up about 4% over the same period.Tesla stock is down about 13% since then. Higher rate shit high-growth stocks harder than others. They make it more expensive to finance growth like what Mush is targeting—vehicle delivery growth a year on average for the foreseeable future.What’s more, growth companies generate cash far in the future which is worth a little less, relatively speaking, when investors have other options to earn higher rates of interest today.","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":304,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":326181230,"gmtCreate":1615602362920,"gmtModify":1703491495704,"author":{"id":"3575005933062903","authorId":"3575005933062903","name":"Kenngaroo","avatar":"https://static.tigerbbs.com/64f060389d919cadcc673831998e0fa2","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575005933062903","authorIdStr":"3575005933062903"},"themes":[],"htmlText":"need a like","listText":"need a like","text":"need a like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/326181230","repostId":"1199156489","repostType":4,"repost":{"id":"1199156489","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":1615452861,"share":"https://www.laohu8.com/m/news/1199156489?lang=zh_CN&edition=full","pubTime":"2021-03-11 16:54","market":"us","language":"en","title":"US Daylight Saving Time<blockquote>美国夏令时</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1199156489","media":"Tiger Newspress","summary":"From 02:00 U.S. East time March 14(this Sunday),the North America region entered daylight saving tim","content":"<p>From&nbsp;02:00&nbsp;U.S.&nbsp;East&nbsp;time&nbsp;March&nbsp;14(this&nbsp;Sunday),the&nbsp;North America&nbsp;region&nbsp;entered&nbsp;daylight saving&nbsp;time,until&nbsp;02:00&nbsp;U.S.&nbsp;East&nbsp;time&nbsp;ends&nbsp;on&nbsp;November&nbsp;7,2021.</p><p><blockquote>从美国东部时间3月14日（本周日）02：00开始，北美地区进入夏令时，直到美国东部时间2021年11月7日02：00结束。</blockquote></p><p>So,starting&nbsp;on&nbsp;Monday,March&nbsp;14,the&nbsp;U.S.&nbsp;market&nbsp;will&nbsp;open&nbsp;and&nbsp;close&nbsp;one&nbsp;hour&nbsp;ahead&nbsp;of&nbsp;schedule&nbsp;during&nbsp;north&nbsp;american&nbsp;daylight saving time,i.e.,U.S.&nbsp;trading&nbsp;time&nbsp;will&nbsp;be&nbsp;changed&nbsp;to&nbsp;21:30&nbsp;beijing&nbsp;time&nbsp;to&nbsp;04:00&nbsp;a.m.the&nbsp;next&nbsp;day,pre-trade&nbsp;time&nbsp;will&nbsp;be&nbsp;16:00&nbsp;to&nbsp;21:30,after-trade&nbsp;time&nbsp;will&nbsp;be&nbsp;04:00&nbsp;to&nbsp;8:00.</p><p><blockquote>于是，从3月14日周一开始，美国市场将在北美夏令时期间提前一小时开盘和收盘，即美国交易时间改为北京时间21:30至次日凌晨04:00，交易前时间为16:00至21:30，交易后时间为04:00至8:00。</blockquote></p><p><b>What is daylight saving time?</b></p><p><blockquote><b>什么是夏令时？</b></blockquote></p><p>The DST is the practice of moving clocks forward by one hour during summer months so that daylight lasts longer into evening. Most of North America and Europe follows the custom, while the majority of countries elsewhere do not.</p><p><blockquote>夏令时是在夏季将时钟拨快一小时的做法，这样白天会持续更长时间到晚上。北美和欧洲的大部分地区遵循这一习俗，而其他地方的大多数国家则不这样做。</blockquote></p><p>Hawaii, American Samoa, Guam, Puerto Rico, the US Virgin Islands and most of Arizona don’t observe daylight saving time. It’s incumbent to stick with the status quo.</p><p><blockquote>夏威夷、美属萨摩亚、关岛、波多黎各、美属维尔京群岛和亚利桑那州大部分地区不实行夏令时。坚持现状是义不容辞的责任。</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>US Daylight Saving Time<blockquote>美国夏令时</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 Daylight Saving Time<blockquote>美国夏令时</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\">2021-03-11 16:54</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>From&nbsp;02:00&nbsp;U.S.&nbsp;East&nbsp;time&nbsp;March&nbsp;14(this&nbsp;Sunday),the&nbsp;North America&nbsp;region&nbsp;entered&nbsp;daylight saving&nbsp;time,until&nbsp;02:00&nbsp;U.S.&nbsp;East&nbsp;time&nbsp;ends&nbsp;on&nbsp;November&nbsp;7,2021.</p><p><blockquote>从美国东部时间3月14日（本周日）02：00开始，北美地区进入夏令时，直到美国东部时间2021年11月7日02：00结束。</blockquote></p><p>So,starting&nbsp;on&nbsp;Monday,March&nbsp;14,the&nbsp;U.S.&nbsp;market&nbsp;will&nbsp;open&nbsp;and&nbsp;close&nbsp;one&nbsp;hour&nbsp;ahead&nbsp;of&nbsp;schedule&nbsp;during&nbsp;north&nbsp;american&nbsp;daylight saving time,i.e.,U.S.&nbsp;trading&nbsp;time&nbsp;will&nbsp;be&nbsp;changed&nbsp;to&nbsp;21:30&nbsp;beijing&nbsp;time&nbsp;to&nbsp;04:00&nbsp;a.m.the&nbsp;next&nbsp;day,pre-trade&nbsp;time&nbsp;will&nbsp;be&nbsp;16:00&nbsp;to&nbsp;21:30,after-trade&nbsp;time&nbsp;will&nbsp;be&nbsp;04:00&nbsp;to&nbsp;8:00.</p><p><blockquote>于是，从3月14日周一开始，美国市场将在北美夏令时期间提前一小时开盘和收盘，即美国交易时间改为北京时间21:30至次日凌晨04:00，交易前时间为16:00至21:30，交易后时间为04:00至8:00。</blockquote></p><p><b>What is daylight saving time?</b></p><p><blockquote><b>什么是夏令时？</b></blockquote></p><p>The DST is the practice of moving clocks forward by one hour during summer months so that daylight lasts longer into evening. Most of North America and Europe follows the custom, while the majority of countries elsewhere do not.</p><p><blockquote>夏令时是在夏季将时钟拨快一小时的做法，这样白天会持续更长时间到晚上。北美和欧洲的大部分地区遵循这一习俗，而其他地方的大多数国家则不这样做。</blockquote></p><p>Hawaii, American Samoa, Guam, Puerto Rico, the US Virgin Islands and most of Arizona don’t observe daylight saving time. It’s incumbent to stick with the status quo.</p><p><blockquote>夏威夷、美属萨摩亚、关岛、波多黎各、美属维尔京群岛和亚利桑那州大部分地区不实行夏令时。坚持现状是义不容辞的责任。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1199156489","content_text":"From 02:00 U.S. East time March 14(this Sunday),the North America region entered daylight saving time,until 02:00 U.S. East time ends on November 7,2021.So,starting on Monday,March 14,the U.S. market will open and close one hour ahead of schedule during north american daylight saving time,i.e.,U.S. trading time will be changed to 21:30 beijing time to 04:00 a.m.the next day,pre-trade time will be 16:00 to 21:30,after-trade time will be 04:00 to 8:00.What is daylight saving time?The DST is the practice of moving clocks forward by one hour during summer months so that daylight lasts longer into evening. Most of North America and Europe follows the custom, while the majority of countries elsewhere do not.Hawaii, American Samoa, Guam, Puerto Rico, the US Virgin Islands and most of Arizona don’t observe daylight saving time. It’s incumbent to stick with the status quo.","news_type":1,"symbols_score_info":{".SPX":0.9,".DJI":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":391,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":353650062,"gmtCreate":1616493776856,"gmtModify":1634525548010,"author":{"id":"3575005933062903","authorId":"3575005933062903","name":"Kenngaroo","avatar":"https://static.tigerbbs.com/64f060389d919cadcc673831998e0fa2","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575005933062903","authorIdStr":"3575005933062903"},"themes":[],"htmlText":"like n comment tyvm","listText":"like n comment tyvm","text":"like n comment tyvm","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/353650062","repostId":"1198600548","repostType":4,"repost":{"id":"1198600548","kind":"news","pubTimestamp":1616491839,"share":"https://www.laohu8.com/m/news/1198600548?lang=zh_CN&edition=full","pubTime":"2021-03-23 17:30","market":"us","language":"en","title":"Why Sundial Growers Stock Wilted Monday<blockquote>为什么Sundial Growers股票周一萎靡不振</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1198600548","media":"Motley Fool","summary":"Sundial is worth just $2.2 billion, but wants to sell $800 million in new stock.\nWhat happened\nShare","content":"<p>Sundial is worth just $2.2 billion, but wants to sell $800 million in new stock.</p><p><blockquote>Sundial的价值仅为22亿美元，但希望出售8亿美元的新股。</blockquote></p><p> <b>What happened</b></p><p><blockquote><b>发生了什么</b></blockquote></p><p> Shares of&nbsp;<b>Sundial Growers</b>&nbsp;(NASDAQ:SNDL)&nbsp;had tumbled 12.8% on Monday after the Calgary-based&nbsp;cannabis company&nbsp;filed a share sale prospectus with the SEC this morning.</p><p><blockquote>本公司之股份<b>日晷种植者</b>（纳斯达克：SNDL）周一暴跌12.8%，此前这家总部位于卡尔加里的大麻公司今天上午向美国证券交易委员会提交了股票销售招股说明书。</blockquote></p><p> <b>So what</b></p><p><blockquote><b>那又怎样</b></blockquote></p><p> In the prospectus, Sundial described plans to conduct an \"equity distribution\" whereby it would create up to $800 million worth of new common stock and sell it \"from time to time through ... our sales agents.\"</p><p><blockquote>在招股说明书中，Sundial描述了进行“股权分配”的计划，该计划将创造价值高达8亿美元的新普通股，并“不时通过……我们的销售代理”出售。</blockquote></p><p> Sundial described how its shares have \"experienced extreme volatility,\" ranging in price from as low as $0.14 per share to as high as $2.95 per share over the past year, despite there being \"no recent change in our financial condition or results of operations.\"</p><p><blockquote>Sundial描述了其股价在过去一年中如何“经历了极端波动”，价格从低至每股0.14美元到高达每股2.95美元不等，尽管“我们的财务状况或经营业绩最近没有变化”。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c261123beab3e0df0cd2cda02e386953\" tg-width=\"2000\" tg-height=\"1500\"><span>IMAGE SOURCE: GETTY IMAGES.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> <b>Now what</b></p><p><blockquote><b>现在怎么办</b></blockquote></p><p> Why&nbsp;Sundial felt it necessary to describe this volatility as part of its sales prospectus is unclear, but logically, the disclosure might serve two purposes. First, it might explain why Sundial is not proposing to sell its shares at any specific price (because the price wobbles so much). Second, it might imply an intention by management to take advantage of these price zooms by refraining from selling shares when its share price seems too low -- but pouncing on price spikes to sell shares when they are more popular.</p><p><blockquote>为什么Sundial认为有必要将这种波动性描述为其销售招股说明书的一部分尚不清楚，但从逻辑上讲，这种披露可能有两个目的。首先，它可以解释为什么Sundial不打算以任何特定价格出售其股票（因为价格波动很大）。其次，这可能意味着管理层有意利用这些价格上涨，在股价看起来太低时避免出售股票，但在股价更受欢迎时抓住价格飙升的机会出售股票。</blockquote></p><p> That would explain the \"from time to time\" language.</p><p><blockquote>这就解释了“不时”的语言。</blockquote></p><p> It would also, I suspect, be the best thing for shareholders, helping Sundial to raise the&nbsp;greatest amount of cash&nbsp;while inflicting the least amount of&nbsp;stock dilution&nbsp;upon its shareholders.</p><p><blockquote>我怀疑，这对股东来说也是最好的事情，帮助Sundial筹集最多的现金，同时对股东造成最少的股票稀释。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Sundial Growers Stock Wilted Monday<blockquote>为什么Sundial Growers股票周一萎靡不振</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Sundial Growers Stock Wilted Monday<blockquote>为什么Sundial Growers股票周一萎靡不振</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Motley Fool</strong><span class=\"h-time small\">2021-03-23 17:30</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Sundial is worth just $2.2 billion, but wants to sell $800 million in new stock.</p><p><blockquote>Sundial的价值仅为22亿美元，但希望出售8亿美元的新股。</blockquote></p><p> <b>What happened</b></p><p><blockquote><b>发生了什么</b></blockquote></p><p> Shares of&nbsp;<b>Sundial Growers</b>&nbsp;(NASDAQ:SNDL)&nbsp;had tumbled 12.8% on Monday after the Calgary-based&nbsp;cannabis company&nbsp;filed a share sale prospectus with the SEC this morning.</p><p><blockquote>本公司之股份<b>日晷种植者</b>（纳斯达克：SNDL）周一暴跌12.8%，此前这家总部位于卡尔加里的大麻公司今天上午向美国证券交易委员会提交了股票销售招股说明书。</blockquote></p><p> <b>So what</b></p><p><blockquote><b>那又怎样</b></blockquote></p><p> In the prospectus, Sundial described plans to conduct an \"equity distribution\" whereby it would create up to $800 million worth of new common stock and sell it \"from time to time through ... our sales agents.\"</p><p><blockquote>在招股说明书中，Sundial描述了进行“股权分配”的计划，该计划将创造价值高达8亿美元的新普通股，并“不时通过……我们的销售代理”出售。</blockquote></p><p> Sundial described how its shares have \"experienced extreme volatility,\" ranging in price from as low as $0.14 per share to as high as $2.95 per share over the past year, despite there being \"no recent change in our financial condition or results of operations.\"</p><p><blockquote>Sundial描述了其股价在过去一年中如何“经历了极端波动”，价格从低至每股0.14美元到高达每股2.95美元不等，尽管“我们的财务状况或经营业绩最近没有变化”。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c261123beab3e0df0cd2cda02e386953\" tg-width=\"2000\" tg-height=\"1500\"><span>IMAGE SOURCE: GETTY IMAGES.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> <b>Now what</b></p><p><blockquote><b>现在怎么办</b></blockquote></p><p> Why&nbsp;Sundial felt it necessary to describe this volatility as part of its sales prospectus is unclear, but logically, the disclosure might serve two purposes. First, it might explain why Sundial is not proposing to sell its shares at any specific price (because the price wobbles so much). Second, it might imply an intention by management to take advantage of these price zooms by refraining from selling shares when its share price seems too low -- but pouncing on price spikes to sell shares when they are more popular.</p><p><blockquote>为什么Sundial认为有必要将这种波动性描述为其销售招股说明书的一部分尚不清楚，但从逻辑上讲，这种披露可能有两个目的。首先，它可以解释为什么Sundial不打算以任何特定价格出售其股票（因为价格波动很大）。其次，这可能意味着管理层有意利用这些价格上涨，在股价看起来太低时避免出售股票，但在股价更受欢迎时抓住价格飙升的机会出售股票。</blockquote></p><p> That would explain the \"from time to time\" language.</p><p><blockquote>这就解释了“不时”的语言。</blockquote></p><p> It would also, I suspect, be the best thing for shareholders, helping Sundial to raise the&nbsp;greatest amount of cash&nbsp;while inflicting the least amount of&nbsp;stock dilution&nbsp;upon its shareholders.</p><p><blockquote>我怀疑，这对股东来说也是最好的事情，帮助Sundial筹集最多的现金，同时对股东造成最少的股票稀释。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/03/22/why-sundial-growers-stock-wilted-today/\">Motley Fool</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SNDL":"SNDL Inc."},"source_url":"https://www.fool.com/investing/2021/03/22/why-sundial-growers-stock-wilted-today/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1198600548","content_text":"Sundial is worth just $2.2 billion, but wants to sell $800 million in new stock.\nWhat happened\nShares of Sundial Growers (NASDAQ:SNDL) had tumbled 12.8% on Monday after the Calgary-based cannabis company filed a share sale prospectus with the SEC this morning.\nSo what\nIn the prospectus, Sundial described plans to conduct an \"equity distribution\" whereby it would create up to $800 million worth of new common stock and sell it \"from time to time through ... our sales agents.\"\nSundial described how its shares have \"experienced extreme volatility,\" ranging in price from as low as $0.14 per share to as high as $2.95 per share over the past year, despite there being \"no recent change in our financial condition or results of operations.\"\nIMAGE SOURCE: GETTY IMAGES.\nNow what\nWhy Sundial felt it necessary to describe this volatility as part of its sales prospectus is unclear, but logically, the disclosure might serve two purposes. First, it might explain why Sundial is not proposing to sell its shares at any specific price (because the price wobbles so much). Second, it might imply an intention by management to take advantage of these price zooms by refraining from selling shares when its share price seems too low -- but pouncing on price spikes to sell shares when they are more popular.\nThat would explain the \"from time to time\" language.\nIt would also, I suspect, be the best thing for shareholders, helping Sundial to raise the greatest amount of cash while inflicting the least amount of stock dilution upon its shareholders.","news_type":1,"symbols_score_info":{"SNDL":0.9}},"isVote":1,"tweetType":1,"viewCount":1221,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":322148543,"gmtCreate":1615787620082,"gmtModify":1703492945808,"author":{"id":"3575005933062903","authorId":"3575005933062903","name":"Kenngaroo","avatar":"https://static.tigerbbs.com/64f060389d919cadcc673831998e0fa2","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575005933062903","authorIdStr":"3575005933062903"},"themes":[],"htmlText":"commentint","listText":"commentint","text":"commentint","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/322148543","repostId":"1127934735","repostType":4,"repost":{"id":"1127934735","kind":"news","pubTimestamp":1615787526,"share":"https://www.laohu8.com/m/news/1127934735?lang=zh_CN&edition=full","pubTime":"2021-03-15 13:52","market":"us","language":"en","title":"Where Will AMC Be in 1 Year?<blockquote>一年后AMC会在哪里？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1127934735","media":"Motley Fool","summary":"The theater operator looks like it has enough money to survive, but movie studios could undercut its","content":"<p>The theater operator looks like it has enough money to survive, but movie studios could undercut its recovery efforts.</p><p><blockquote>这家影院运营商看起来有足够的资金生存，但电影制片厂可能会削弱其复苏努力。</blockquote></p><p> With&nbsp;<b>AMC Entertainment</b>&nbsp;(NYSE:AMC)&nbsp;reporting fourth-quarter results that,while ugly, were still better than what Wall Street expected, now is a good time to look at where the theater operator could end up this time next year.</p><p><blockquote>与<b>AMC院线</b>（纽约证券交易所股票代码：AMC）公布的第四季度业绩虽然丑陋，但仍好于华尔街的预期，现在是看看这家影院运营商明年这个时候可能会走向何方的好时机。</blockquote></p><p> The earnings themselves aren't especially helpful, since it mostly had no business, no revenue, and mounting losses, but the report does provide clues about where AMC is heading and what investors can expect.</p><p><blockquote>收益本身并没有特别大的帮助，因为它基本上没有业务，没有收入，而且亏损不断增加，但该报告确实提供了有关AMC发展方向以及投资者可以期待什么的线索。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ef1390495a1043ac5dbc446d3cf48bff\" tg-width=\"2000\" tg-height=\"1335\"><span>IMAGE SOURCE: GETTY IMAGES.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> <b>Awaiting the grand reopening</b></p><p><blockquote><b>等待盛大的重新开业</b></blockquote></p><p> AMC's operations were obviously crushed by the COVID-19 pandemic and the strict limitations imposed on movie theaters. But the fact it was able to generate $162 million in revenue even though only 67% of its theaters were open and operating at just 20% to 40% capacity indicates there is still substantial demand for the big-screen experience.</p><p><blockquote>AMC的运营显然受到了COVID-19大流行和对电影院的严格限制的打击。但事实上，尽管只有67%的影院开放且仅以20%至40%的容量运营，但该公司仍能产生1.62亿美元的收入，这表明对大银幕体验的需求仍然很大。</blockquote></p><p> AMC said some 8 million people visited its cinemas globally (the international situation was even worse, with only 30% of its theaters open), which is just a fraction of pre-pandemic levels but not bad when fighting for survival.</p><p><blockquote>AMC表示，全球约有800万人参观了其影院（国际情况更糟，只有30%的影院开放），这只是大流行前水平的一小部分，但在为生存而战时还不错。</blockquote></p><p> And on that front, AMC should indeed survive, and could even thrive as a sense of normalcy returns to our everyday activities. A few states are allowing businesses to reopen without restrictions now. Other states are moving more slowly but could end up following suit as the pandemic comes under control.</p><p><blockquote>在这方面，AMC确实应该生存下来，甚至可以随着我们日常活动恢复正常感而蓬勃发展。一些州现在允许企业不受限制地重新开业。其他州的行动较慢，但随着疫情得到控制，最终可能会效仿。</blockquote></p><p> Setting the stage</p><p><blockquote>搭建舞台</blockquote></p><p> Movies will be returning to the theaters this year, too. Studios that delayed releasing their films until theaters were mostly up and running again will now do so over the coming months, including a number of much-anticipated potential blockbusters.</p><p><blockquote>电影今年也将重返影院。那些将电影推迟到影院基本恢复运营后才上映的电影公司现在将在未来几个月内上映，其中包括一些备受期待的潜在大片。</blockquote></p><p> CEO Adam Aron said, \"We look forward to returning to an environment of unfettered movie theater access for our guests, and we are eager to showcase the sizable and widely anticipated slate of new films that our studio partners have to offer.\"</p><p><blockquote>首席执行官亚当·阿伦(Adam Aron)表示：“我们期待着为客人重返不受限制的电影院环境，我们渴望展示我们的工作室合作伙伴提供的大量且广受期待的新电影。”</blockquote></p><p> Long-delayed titles including superhero flicks such as&nbsp;<i>Spider-Man: No Way Home</i>&nbsp;and&nbsp;<i>Black Widow</i>&nbsp;are due to appear later this year, as are sci-fi films like<i>Dune</i>and action movies such as the new James Bond title&nbsp;<i>No Time to Die</i>.</p><p><blockquote>拖延已久的电影，包括超级英雄电影，例如<i>蜘蛛侠：英雄无归</i>和<i>黑寡妇</i>将于今年晚些时候上映，科幻电影也是如此<i>沙丘</i>和动作片，如新的詹姆斯·邦德标题<i>007：无暇赴死</i>.</blockquote></p><p> <b>Split decision</b></p><p><blockquote><b>分裂决策</b></blockquote></p><p> Tempering the enthusiasm for their release, however, is that many films will now also be released either to on-demand streaming services only or will simultaneously appear in theaters and on streaming.</p><p><blockquote>然而，许多电影现在要么只在点播流媒体服务上发行，要么同时在影院和流媒体上上映，这降低了人们对其上映的热情。</blockquote></p><p> <b>Disney</b>&nbsp;(NYSE:DIS)&nbsp;was originally supposed to release the children's movie&nbsp;<i>Raya and the Last Dragon</i>&nbsp;into theaters last November. It got moved to mid-March and became a day-and-date release to theaters and Disney+ as a premium offering, similar to how the company made<i>Mulan</i>available last year.</p><p><blockquote><b>迪斯尼</b>（纽约证券交易所股票代码：DIS）原本应该发行儿童电影<i>拉亚和最后的龙</i>去年11月进入影院。它被推迟到3月中旬，并成为影院和Disney+的优质产品，类似于该公司的制作方式<i>花木兰</i>去年上市。</blockquote></p><p> Yet the reception it received was lukewarm at best. While AMC carried the movie,<b>Cinemark</b>&nbsp;(NYSE:CNK), the country's third-largest theater chain,refused to show it&nbsp;(presumably because of the release to Disney+, which undercuts the ability of theaters to generate revenue at a particularly vulnerable moment).</p><p><blockquote>然而，它受到的接待充其量是不冷不热的。在AMC进行这部电影的同时，<b>喜满客</b>美国第三大连锁影院（纽约证券交易所代码：CNK）拒绝放映这部电影（大概是因为向Disney+上映，这削弱了影院在特别脆弱的时刻创收的能力）。</blockquote></p><p> The film only generated around $8 million from the 2,400 or so theaters it was shown in on its opening weekend (no word on how much Disney generated from the pay-per-view showing), which suggests there could still be hiccups for theaters along the way.</p><p><blockquote>这部电影在首映周末仅从2400家左右的影院中获得了约800万美元的收入（没有消息表明迪士尼从按次付费放映中获得了多少收入），这表明影院在此过程中仍可能出现问题。</blockquote></p><p> A financial shipwreck</p><p><blockquote>金融沉船</blockquote></p><p> Yet as Aron detailed in AMC's earning release, the theater operator has taken sufficient steps financially to shore up its ledger sheet to make it through the rest of the year.</p><p><blockquote>然而，正如阿伦在AMC的财报中详细介绍的那样，这家影院运营商已经采取了足够的财务措施来支撑其账本，以度过今年剩余时间。</blockquote></p><p> AMC raised approximately $2.2 billion in new debt and equity capital, secured more than $1 billion in concessions from creditors and landlords, sold over $80 million in assets, and was able to convert $600 million worth of debt into equity. It now has $1 billion in cash on hand.</p><p><blockquote>AMC筹集了约22亿美元的新债务和股权资本，从债权人和房东那里获得了超过10亿美元的优惠，出售了超过8000万美元的资产，并能够将价值6亿美元的债务转换为股权。它现在手头有10亿美元现金。</blockquote></p><p> That should be sufficient capital to keep its theaters operating until the industry gets back on its feet and a steady stream of movies is once again filling screens, but all that restructuring has left AMC's financial situation in much worse shape.</p><p><blockquote>这应该足以维持影院运营，直到该行业重新站稳脚跟，源源不断的电影再次充斥银幕，但所有这些重组都让AMC的财务状况变得更加糟糕。</blockquote></p><p> Fortunately, the bills won't come due for a few years yet, but the theater chain still needs to prove the new normal for Hollywood is one where it can be profitable. Investors would be better off waiting for a sign that's possible and&nbsp;consumers actually wantto return en masse before diving in.</p><p><blockquote>幸运的是，这些账单几年后才会到期，但连锁影院仍需要证明好莱坞的新常态是可以盈利的。投资者最好等待一个可能的迹象，消费者实际上希望在投入之前集体回归。</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>Where Will AMC Be in 1 Year?<blockquote>一年后AMC会在哪里？</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\">\nWhere Will AMC Be in 1 Year?<blockquote>一年后AMC会在哪里？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Motley Fool</strong><span class=\"h-time small\">2021-03-15 13:52</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The theater operator looks like it has enough money to survive, but movie studios could undercut its recovery efforts.</p><p><blockquote>这家影院运营商看起来有足够的资金生存，但电影制片厂可能会削弱其复苏努力。</blockquote></p><p> With&nbsp;<b>AMC Entertainment</b>&nbsp;(NYSE:AMC)&nbsp;reporting fourth-quarter results that,while ugly, were still better than what Wall Street expected, now is a good time to look at where the theater operator could end up this time next year.</p><p><blockquote>与<b>AMC院线</b>（纽约证券交易所股票代码：AMC）公布的第四季度业绩虽然丑陋，但仍好于华尔街的预期，现在是看看这家影院运营商明年这个时候可能会走向何方的好时机。</blockquote></p><p> The earnings themselves aren't especially helpful, since it mostly had no business, no revenue, and mounting losses, but the report does provide clues about where AMC is heading and what investors can expect.</p><p><blockquote>收益本身并没有特别大的帮助，因为它基本上没有业务，没有收入，而且亏损不断增加，但该报告确实提供了有关AMC发展方向以及投资者可以期待什么的线索。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ef1390495a1043ac5dbc446d3cf48bff\" tg-width=\"2000\" tg-height=\"1335\"><span>IMAGE SOURCE: GETTY IMAGES.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> <b>Awaiting the grand reopening</b></p><p><blockquote><b>等待盛大的重新开业</b></blockquote></p><p> AMC's operations were obviously crushed by the COVID-19 pandemic and the strict limitations imposed on movie theaters. But the fact it was able to generate $162 million in revenue even though only 67% of its theaters were open and operating at just 20% to 40% capacity indicates there is still substantial demand for the big-screen experience.</p><p><blockquote>AMC的运营显然受到了COVID-19大流行和对电影院的严格限制的打击。但事实上，尽管只有67%的影院开放且仅以20%至40%的容量运营，但该公司仍能产生1.62亿美元的收入，这表明对大银幕体验的需求仍然很大。</blockquote></p><p> AMC said some 8 million people visited its cinemas globally (the international situation was even worse, with only 30% of its theaters open), which is just a fraction of pre-pandemic levels but not bad when fighting for survival.</p><p><blockquote>AMC表示，全球约有800万人参观了其影院（国际情况更糟，只有30%的影院开放），这只是大流行前水平的一小部分，但在为生存而战时还不错。</blockquote></p><p> And on that front, AMC should indeed survive, and could even thrive as a sense of normalcy returns to our everyday activities. A few states are allowing businesses to reopen without restrictions now. Other states are moving more slowly but could end up following suit as the pandemic comes under control.</p><p><blockquote>在这方面，AMC确实应该生存下来，甚至可以随着我们日常活动恢复正常感而蓬勃发展。一些州现在允许企业不受限制地重新开业。其他州的行动较慢，但随着疫情得到控制，最终可能会效仿。</blockquote></p><p> Setting the stage</p><p><blockquote>搭建舞台</blockquote></p><p> Movies will be returning to the theaters this year, too. Studios that delayed releasing their films until theaters were mostly up and running again will now do so over the coming months, including a number of much-anticipated potential blockbusters.</p><p><blockquote>电影今年也将重返影院。那些将电影推迟到影院基本恢复运营后才上映的电影公司现在将在未来几个月内上映，其中包括一些备受期待的潜在大片。</blockquote></p><p> CEO Adam Aron said, \"We look forward to returning to an environment of unfettered movie theater access for our guests, and we are eager to showcase the sizable and widely anticipated slate of new films that our studio partners have to offer.\"</p><p><blockquote>首席执行官亚当·阿伦(Adam Aron)表示：“我们期待着为客人重返不受限制的电影院环境，我们渴望展示我们的工作室合作伙伴提供的大量且广受期待的新电影。”</blockquote></p><p> Long-delayed titles including superhero flicks such as&nbsp;<i>Spider-Man: No Way Home</i>&nbsp;and&nbsp;<i>Black Widow</i>&nbsp;are due to appear later this year, as are sci-fi films like<i>Dune</i>and action movies such as the new James Bond title&nbsp;<i>No Time to Die</i>.</p><p><blockquote>拖延已久的电影，包括超级英雄电影，例如<i>蜘蛛侠：英雄无归</i>和<i>黑寡妇</i>将于今年晚些时候上映，科幻电影也是如此<i>沙丘</i>和动作片，如新的詹姆斯·邦德标题<i>007：无暇赴死</i>.</blockquote></p><p> <b>Split decision</b></p><p><blockquote><b>分裂决策</b></blockquote></p><p> Tempering the enthusiasm for their release, however, is that many films will now also be released either to on-demand streaming services only or will simultaneously appear in theaters and on streaming.</p><p><blockquote>然而，许多电影现在要么只在点播流媒体服务上发行，要么同时在影院和流媒体上上映，这降低了人们对其上映的热情。</blockquote></p><p> <b>Disney</b>&nbsp;(NYSE:DIS)&nbsp;was originally supposed to release the children's movie&nbsp;<i>Raya and the Last Dragon</i>&nbsp;into theaters last November. It got moved to mid-March and became a day-and-date release to theaters and Disney+ as a premium offering, similar to how the company made<i>Mulan</i>available last year.</p><p><blockquote><b>迪斯尼</b>（纽约证券交易所股票代码：DIS）原本应该发行儿童电影<i>拉亚和最后的龙</i>去年11月进入影院。它被推迟到3月中旬，并成为影院和Disney+的优质产品，类似于该公司的制作方式<i>花木兰</i>去年上市。</blockquote></p><p> Yet the reception it received was lukewarm at best. While AMC carried the movie,<b>Cinemark</b>&nbsp;(NYSE:CNK), the country's third-largest theater chain,refused to show it&nbsp;(presumably because of the release to Disney+, which undercuts the ability of theaters to generate revenue at a particularly vulnerable moment).</p><p><blockquote>然而，它受到的接待充其量是不冷不热的。在AMC进行这部电影的同时，<b>喜满客</b>美国第三大连锁影院（纽约证券交易所代码：CNK）拒绝放映这部电影（大概是因为向Disney+上映，这削弱了影院在特别脆弱的时刻创收的能力）。</blockquote></p><p> The film only generated around $8 million from the 2,400 or so theaters it was shown in on its opening weekend (no word on how much Disney generated from the pay-per-view showing), which suggests there could still be hiccups for theaters along the way.</p><p><blockquote>这部电影在首映周末仅从2400家左右的影院中获得了约800万美元的收入（没有消息表明迪士尼从按次付费放映中获得了多少收入），这表明影院在此过程中仍可能出现问题。</blockquote></p><p> A financial shipwreck</p><p><blockquote>金融沉船</blockquote></p><p> Yet as Aron detailed in AMC's earning release, the theater operator has taken sufficient steps financially to shore up its ledger sheet to make it through the rest of the year.</p><p><blockquote>然而，正如阿伦在AMC的财报中详细介绍的那样，这家影院运营商已经采取了足够的财务措施来支撑其账本，以度过今年剩余时间。</blockquote></p><p> AMC raised approximately $2.2 billion in new debt and equity capital, secured more than $1 billion in concessions from creditors and landlords, sold over $80 million in assets, and was able to convert $600 million worth of debt into equity. It now has $1 billion in cash on hand.</p><p><blockquote>AMC筹集了约22亿美元的新债务和股权资本，从债权人和房东那里获得了超过10亿美元的优惠，出售了超过8000万美元的资产，并能够将价值6亿美元的债务转换为股权。它现在手头有10亿美元现金。</blockquote></p><p> That should be sufficient capital to keep its theaters operating until the industry gets back on its feet and a steady stream of movies is once again filling screens, but all that restructuring has left AMC's financial situation in much worse shape.</p><p><blockquote>这应该足以维持影院运营，直到该行业重新站稳脚跟，源源不断的电影再次充斥银幕，但所有这些重组都让AMC的财务状况变得更加糟糕。</blockquote></p><p> Fortunately, the bills won't come due for a few years yet, but the theater chain still needs to prove the new normal for Hollywood is one where it can be profitable. Investors would be better off waiting for a sign that's possible and&nbsp;consumers actually wantto return en masse before diving in.</p><p><blockquote>幸运的是，这些账单几年后才会到期，但连锁影院仍需要证明好莱坞的新常态是可以盈利的。投资者最好等待一个可能的迹象，消费者实际上希望在投入之前集体回归。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/03/14/where-will-amc-be-in-1-year/\">Motley Fool</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMC":"AMC院线"},"source_url":"https://www.fool.com/investing/2021/03/14/where-will-amc-be-in-1-year/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1127934735","content_text":"The theater operator looks like it has enough money to survive, but movie studios could undercut its recovery efforts.\nWith AMC Entertainment (NYSE:AMC) reporting fourth-quarter results that,while ugly, were still better than what Wall Street expected, now is a good time to look at where the theater operator could end up this time next year.\nThe earnings themselves aren't especially helpful, since it mostly had no business, no revenue, and mounting losses, but the report does provide clues about where AMC is heading and what investors can expect.\nIMAGE SOURCE: GETTY IMAGES.\nAwaiting the grand reopening\nAMC's operations were obviously crushed by the COVID-19 pandemic and the strict limitations imposed on movie theaters. But the fact it was able to generate $162 million in revenue even though only 67% of its theaters were open and operating at just 20% to 40% capacity indicates there is still substantial demand for the big-screen experience.\nAMC said some 8 million people visited its cinemas globally (the international situation was even worse, with only 30% of its theaters open), which is just a fraction of pre-pandemic levels but not bad when fighting for survival.\nAnd on that front, AMC should indeed survive, and could even thrive as a sense of normalcy returns to our everyday activities. A few states are allowing businesses to reopen without restrictions now. Other states are moving more slowly but could end up following suit as the pandemic comes under control.\nSetting the stage\nMovies will be returning to the theaters this year, too. Studios that delayed releasing their films until theaters were mostly up and running again will now do so over the coming months, including a number of much-anticipated potential blockbusters.\nCEO Adam Aron said, \"We look forward to returning to an environment of unfettered movie theater access for our guests, and we are eager to showcase the sizable and widely anticipated slate of new films that our studio partners have to offer.\"\nLong-delayed titles including superhero flicks such as Spider-Man: No Way Home and Black Widow are due to appear later this year, as are sci-fi films likeDuneand action movies such as the new James Bond title No Time to Die.\nSplit decision\nTempering the enthusiasm for their release, however, is that many films will now also be released either to on-demand streaming services only or will simultaneously appear in theaters and on streaming.\nDisney (NYSE:DIS) was originally supposed to release the children's movie Raya and the Last Dragon into theaters last November. It got moved to mid-March and became a day-and-date release to theaters and Disney+ as a premium offering, similar to how the company madeMulanavailable last year.\nYet the reception it received was lukewarm at best. While AMC carried the movie,Cinemark (NYSE:CNK), the country's third-largest theater chain,refused to show it (presumably because of the release to Disney+, which undercuts the ability of theaters to generate revenue at a particularly vulnerable moment).\nThe film only generated around $8 million from the 2,400 or so theaters it was shown in on its opening weekend (no word on how much Disney generated from the pay-per-view showing), which suggests there could still be hiccups for theaters along the way.\nA financial shipwreck\nYet as Aron detailed in AMC's earning release, the theater operator has taken sufficient steps financially to shore up its ledger sheet to make it through the rest of the year.\nAMC raised approximately $2.2 billion in new debt and equity capital, secured more than $1 billion in concessions from creditors and landlords, sold over $80 million in assets, and was able to convert $600 million worth of debt into equity. It now has $1 billion in cash on hand.\nThat should be sufficient capital to keep its theaters operating until the industry gets back on its feet and a steady stream of movies is once again filling screens, but all that restructuring has left AMC's financial situation in much worse shape.\nFortunately, the bills won't come due for a few years yet, but the theater chain still needs to prove the new normal for Hollywood is one where it can be profitable. Investors would be better off waiting for a sign that's possible and consumers actually wantto return en masse before diving in.","news_type":1,"symbols_score_info":{"AMC":0.9}},"isVote":1,"tweetType":1,"viewCount":462,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":365459550,"gmtCreate":1614773811370,"gmtModify":1703480921155,"author":{"id":"3575005933062903","authorId":"3575005933062903","name":"Kenngaroo","avatar":"https://static.tigerbbs.com/64f060389d919cadcc673831998e0fa2","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575005933062903","authorIdStr":"3575005933062903"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/KMPH\">$KemPharm, Inc.(KMPH)$</a>when shld i sell","listText":"<a href=\"https://laohu8.com/S/KMPH\">$KemPharm, Inc.(KMPH)$</a>when shld i sell","text":"$KemPharm, Inc.(KMPH)$when shld i sell","images":[{"img":"https://static.tigerbbs.com/cccceeabc85579ecfea6e187b0bb4289","width":"1242","height":"1767"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/365459550","isVote":1,"tweetType":1,"viewCount":444,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":324341456,"gmtCreate":1615968942775,"gmtModify":1703495652748,"author":{"id":"3575005933062903","authorId":"3575005933062903","name":"Kenngaroo","avatar":"https://static.tigerbbs.com/64f060389d919cadcc673831998e0fa2","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575005933062903","authorIdStr":"3575005933062903"},"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/324341456","repostId":"1158940318","repostType":4,"isVote":1,"tweetType":1,"viewCount":416,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":323427992,"gmtCreate":1615369366116,"gmtModify":1703487987349,"author":{"id":"3575005933062903","authorId":"3575005933062903","name":"Kenngaroo","avatar":"https://static.tigerbbs.com/64f060389d919cadcc673831998e0fa2","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575005933062903","authorIdStr":"3575005933062903"},"themes":[],"htmlText":"moon","listText":"moon","text":"moon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/323427992","repostId":"1197320396","repostType":4,"repost":{"id":"1197320396","kind":"news","pubTimestamp":1615368915,"share":"https://www.laohu8.com/m/news/1197320396?lang=zh_CN&edition=full","pubTime":"2021-03-10 17:35","market":"us","language":"en","title":"3 Reasons Tesla Stock Is Rising Tuesday<blockquote>特斯拉股价周二上涨的3个原因</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1197320396","media":"Barrons","summary":"A Tesla fan got evenmore bullishon Tuesday, despite the stock’s recent drop. Tesla shares are up in premarket trading, but an upbeat take from the analyst isn’t the only reason shares are on the move.New Street Research analyst Pierre Ferraguis a longtime Tesla  bull. But that doesn’t mean he always rates shares Buy. He is willing to downgrade the stock to Hold when prices run ahead of what he believes is fair.The third reason Tesla shares are rising is China. Tesla delivered about 18,300 cars t","content":"<p>A&nbsp;Tesla&nbsp;fan got evenmore bullishon Tuesday, despite the stock’s recent drop. Tesla shares are up in premarket trading, but an upbeat take from the analyst isn’t the only reason shares are on the move.</p><p><blockquote>尽管该股最近下跌，但特斯拉的粉丝周二更加看好该股。特斯拉股价在盘前交易中上涨，但分析师的乐观看法并不是股价上涨的唯一原因。</blockquote></p><p> New Street Research analyst&nbsp;Pierre Ferraguis a longtime Tesla (ticker: TSLA) bull. But that doesn’t mean he always rates shares Buy. He is willing to downgrade the stock to Hold when prices run ahead of what he believes is fair.</p><p><blockquote>New Street Research分析师Pierre Ferraguis长期看好特斯拉（股票代码：TSLA）。但这并不意味着他总是将股票评级为买入。当价格高于他认为公平的水平时，他愿意将股票评级下调至持有。</blockquote></p><p> Ferragu rated Tesla stock Buy from mid-2018—when he launched coverage of the stock—until, essentially, mid-2020, when shares were at about $180. He was Hold-rated for a couple of months before upgrading shares to Buy around last October. But then Tesla stock ran to more than $600—from above around $400—in the blink of an eye. That 50% gain prompted another downgrade to Hold.</p><p><blockquote>Ferragu从2018年中期（当时他推出了该股的报道）到2020年中期（当时股价约为180美元），对特斯拉股票的评级为“买入”。去年10月左右，他被给予持有评级几个月，然后将股票评级上调至买入。但随后特斯拉股价转眼间就从400美元左右涨至600美元以上。50%的涨幅促使评级再次下调至持有。</blockquote></p><p> Now Ferragu is saying buy Tesla again. And he raised his price target to $900 a share from $578.</p><p><blockquote>现在费拉古说再次购买特斯拉。他将目标价从每股578美元上调至900美元。</blockquote></p><p> “As much as the market severely corrected the recent excesses of optimism reflected in Tesla’s valuation, our recent work strengthened our confidence about the solid outlook for the company in the next 2 years,” wrote Ferragu. “Tesla will be in a position to deliver 2 [million] units in 2023 and deliver earnings of $12, more than 50% above current expectations.” With better-than-expected earnings coming, according to analysts, he believes the stock will trade for the higher end of his expected price-to-earnings ratio range of 50 times to 100 times.</p><p><blockquote>费拉古写道：“尽管市场严重纠正了特斯拉估值中反映出的近期过度乐观情绪，但我们最近的工作增强了我们对该公司未来两年稳健前景的信心。”“特斯拉将在2023年交付200万辆汽车，盈利为12美元，比当前预期高出50%以上。”分析师表示，随着好于预期的盈利即将到来，他相信该股的交易价格将达到他预期市盈率范围50倍至100倍的高端。</blockquote></p><p> “Tesla [is] the #1 stock we recommend buying in this pullback.”</p><p><blockquote>“特斯拉是我们在这次回调中建议购买的第一只股票。”</blockquote></p><p> The pullback hasbeen brutal. Coming into Tuesday, theNasdaq Compositeindex, which is home to many richly valued, high-growth stocks like Tesla, was down more than 11% from its February high. Tesla stock was down more than 37% from its January high.</p><p><blockquote>回调是残酷的。进入周二，纳斯达克综合指数较2月份高点下跌超过11%，该指数拥有特斯拉等许多估值高、高增长股票。特斯拉股价较1月份高点下跌超过37%。</blockquote></p><p> Inflation fears are a big reason for the drop in Tesla and other tech stocks. Higher inflation means higher interest rates, which are problematic for growth stocks in two ways. First, a rise in rates makes funding growth more expensive. Second, high-growth companies generate most of their cash flow and potential dividends far in the future. That cash flow is relatively less attractive as investors can earn more interest right now.</p><p><blockquote>通胀担忧是特斯拉和其他科技股下跌的一个重要原因。更高的通胀意味着更高的利率，这在两个方面给成长型股票带来了问题。首先，利率上升使融资增长更加昂贵。其次，高增长公司的大部分现金流和潜在股息是在遥远的未来产生的。这种现金流的吸引力相对较小，因为投资者现在可以赚取更多利息。</blockquote></p><p> Inflation fears will continue to affect Tesla stock for a while. That makes Wednesday’s inflation data a little higher stakes than usual. Economists expect prices—excluding food and energy—to be 0.2% higher in February compared with January. (Economists focus on inflation excluding food and energy to avoid commodity price swings in the numbers.)</p><p><blockquote>通胀担忧将在一段时间内继续影响特斯拉股票。这使得周三的通胀数据比平时的风险要高一些。经济学家预计，2月份不包括食品和能源的价格将比1月份上涨0.2%。（经济学家关注的是不包括食品和能源的通胀，以避免数字中的大宗商品价格波动。）</blockquote></p><p> The third reason Tesla shares are rising is China. Tesla delivered about 18,300 cars there in February, more that the company delivered in January. That is an achievement considering the Lunar New Year holiday dentedFebruary -deliveryfigures at companies such asNIO(NIO) andXPeng(XPEV) “We would characterize these February results as quite impressive and ahead of Street expectations,” Wedbush analystDan Ivestells<i>Barron’s</i>. “From a run-rate perspective, Tesla is on track to be on a [200,000-plus] unit trajectory in China for the year which remains a linchpin for the company hitting its [750,000 to 800,000] annual numbers for the year.”</p><p><blockquote>特斯拉股价上涨的第三个原因是中国。特斯拉2月份在那里交付了约18,300辆汽车，超过了该公司1月份的交付量。考虑到农历新年假期削弱了蔚来（蔚来）和小鹏汽车（XPEV）等公司2月份的交付数据，这是一项成就。“我们认为2月份的业绩相当令人印象深刻，超出了华尔街的预期，”Wedbush分析师Dan Ivestells<i>巴伦周刊</i>“从运行率的角度来看，特斯拉今年在华销量有望达到[20万辆以上]，这仍然是该公司今年达到[75万至80万辆]年度销量的关键。”</blockquote></p><p> Tesla stock rose 19.6% Tuesday. It’s the largest percentage jump since shares jumped 19.9% on Feb. 3, 2020. That jump was the start to Tesla’s incredible year. The stock finished up about 740%.</p><p><blockquote>特斯拉股价周二上涨19.6%。这是自2020年2月3日股价上涨19.9%以来的最大百分比涨幅。这一飞跃是特斯拉不可思议的一年的开始。该股收盘上涨约740%。</blockquote></p><p> The reason for the February 2020 jump washard to find. This time the upgrade certainly helped. So did the bounce in tech stocks. So do the China numbers. The Nasdaq Composite rose 3.7%, bouncing back after the recent selloff. TheS&amp;P 500andDow Jones Industrial Averagerose 1.4% and 0.1%, respectively.</p><p><blockquote>2020年2月跳跃的原因很难找到。这一次升级确实有所帮助。科技股的反弹也是如此。中国的数字也是如此。纳斯达克综合指数上涨3.7%，在近期抛售后反弹。标准普尔500指数和道琼斯工业平均指数分别上涨1.4%和0.1%。</blockquote></p><p> With Ferragu’s upgrade, about 33% of analysts covering Tesla rate shares Buy. The average Buy-rating ratio for stocks in the Dow is about 60%. Analysts always have trouble reconciling Tesla’s valuation with other car companies.General Motors (GM),for instance, trades for a single-digit PE ratio. Tesla trades for a triple-digit PE ratio. Tesla, of course, grows much faster than the broader automotive industry.</p><p><blockquote>随着Ferragu的升级，约33%的特斯拉分析师将股票评级为买入。道琼斯指数股票的平均买入评级约为60%。分析师总是难以调和特斯拉与其他车企的估值。例如，通用汽车(GM)的市盈率为个位数。特斯拉的市盈率为三位数。当然，特斯拉的增长速度比更广泛的汽车行业快得多。</blockquote></p><p></p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Reasons Tesla Stock Is Rising Tuesday<blockquote>特斯拉股价周二上涨的3个原因</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 Reasons Tesla Stock Is Rising Tuesday<blockquote>特斯拉股价周二上涨的3个原因</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-03-10 17:35</span>\n</p>\n</h4>\n</header>\n<article>\n<p>A&nbsp;Tesla&nbsp;fan got evenmore bullishon Tuesday, despite the stock’s recent drop. Tesla shares are up in premarket trading, but an upbeat take from the analyst isn’t the only reason shares are on the move.</p><p><blockquote>尽管该股最近下跌，但特斯拉的粉丝周二更加看好该股。特斯拉股价在盘前交易中上涨，但分析师的乐观看法并不是股价上涨的唯一原因。</blockquote></p><p> New Street Research analyst&nbsp;Pierre Ferraguis a longtime Tesla (ticker: TSLA) bull. But that doesn’t mean he always rates shares Buy. He is willing to downgrade the stock to Hold when prices run ahead of what he believes is fair.</p><p><blockquote>New Street Research分析师Pierre Ferraguis长期看好特斯拉（股票代码：TSLA）。但这并不意味着他总是将股票评级为买入。当价格高于他认为公平的水平时，他愿意将股票评级下调至持有。</blockquote></p><p> Ferragu rated Tesla stock Buy from mid-2018—when he launched coverage of the stock—until, essentially, mid-2020, when shares were at about $180. He was Hold-rated for a couple of months before upgrading shares to Buy around last October. But then Tesla stock ran to more than $600—from above around $400—in the blink of an eye. That 50% gain prompted another downgrade to Hold.</p><p><blockquote>Ferragu从2018年中期（当时他推出了该股的报道）到2020年中期（当时股价约为180美元），对特斯拉股票的评级为“买入”。去年10月左右，他被给予持有评级几个月，然后将股票评级上调至买入。但随后特斯拉股价转眼间就从400美元左右涨至600美元以上。50%的涨幅促使评级再次下调至持有。</blockquote></p><p> Now Ferragu is saying buy Tesla again. And he raised his price target to $900 a share from $578.</p><p><blockquote>现在费拉古说再次购买特斯拉。他将目标价从每股578美元上调至900美元。</blockquote></p><p> “As much as the market severely corrected the recent excesses of optimism reflected in Tesla’s valuation, our recent work strengthened our confidence about the solid outlook for the company in the next 2 years,” wrote Ferragu. “Tesla will be in a position to deliver 2 [million] units in 2023 and deliver earnings of $12, more than 50% above current expectations.” With better-than-expected earnings coming, according to analysts, he believes the stock will trade for the higher end of his expected price-to-earnings ratio range of 50 times to 100 times.</p><p><blockquote>费拉古写道：“尽管市场严重纠正了特斯拉估值中反映出的近期过度乐观情绪，但我们最近的工作增强了我们对该公司未来两年稳健前景的信心。”“特斯拉将在2023年交付200万辆汽车，盈利为12美元，比当前预期高出50%以上。”分析师表示，随着好于预期的盈利即将到来，他相信该股的交易价格将达到他预期市盈率范围50倍至100倍的高端。</blockquote></p><p> “Tesla [is] the #1 stock we recommend buying in this pullback.”</p><p><blockquote>“特斯拉是我们在这次回调中建议购买的第一只股票。”</blockquote></p><p> The pullback hasbeen brutal. Coming into Tuesday, theNasdaq Compositeindex, which is home to many richly valued, high-growth stocks like Tesla, was down more than 11% from its February high. Tesla stock was down more than 37% from its January high.</p><p><blockquote>回调是残酷的。进入周二，纳斯达克综合指数较2月份高点下跌超过11%，该指数拥有特斯拉等许多估值高、高增长股票。特斯拉股价较1月份高点下跌超过37%。</blockquote></p><p> Inflation fears are a big reason for the drop in Tesla and other tech stocks. Higher inflation means higher interest rates, which are problematic for growth stocks in two ways. First, a rise in rates makes funding growth more expensive. Second, high-growth companies generate most of their cash flow and potential dividends far in the future. That cash flow is relatively less attractive as investors can earn more interest right now.</p><p><blockquote>通胀担忧是特斯拉和其他科技股下跌的一个重要原因。更高的通胀意味着更高的利率，这在两个方面给成长型股票带来了问题。首先，利率上升使融资增长更加昂贵。其次，高增长公司的大部分现金流和潜在股息是在遥远的未来产生的。这种现金流的吸引力相对较小，因为投资者现在可以赚取更多利息。</blockquote></p><p> Inflation fears will continue to affect Tesla stock for a while. That makes Wednesday’s inflation data a little higher stakes than usual. Economists expect prices—excluding food and energy—to be 0.2% higher in February compared with January. (Economists focus on inflation excluding food and energy to avoid commodity price swings in the numbers.)</p><p><blockquote>通胀担忧将在一段时间内继续影响特斯拉股票。这使得周三的通胀数据比平时的风险要高一些。经济学家预计，2月份不包括食品和能源的价格将比1月份上涨0.2%。（经济学家关注的是不包括食品和能源的通胀，以避免数字中的大宗商品价格波动。）</blockquote></p><p> The third reason Tesla shares are rising is China. Tesla delivered about 18,300 cars there in February, more that the company delivered in January. That is an achievement considering the Lunar New Year holiday dentedFebruary -deliveryfigures at companies such asNIO(NIO) andXPeng(XPEV) “We would characterize these February results as quite impressive and ahead of Street expectations,” Wedbush analystDan Ivestells<i>Barron’s</i>. “From a run-rate perspective, Tesla is on track to be on a [200,000-plus] unit trajectory in China for the year which remains a linchpin for the company hitting its [750,000 to 800,000] annual numbers for the year.”</p><p><blockquote>特斯拉股价上涨的第三个原因是中国。特斯拉2月份在那里交付了约18,300辆汽车，超过了该公司1月份的交付量。考虑到农历新年假期削弱了蔚来（蔚来）和小鹏汽车（XPEV）等公司2月份的交付数据，这是一项成就。“我们认为2月份的业绩相当令人印象深刻，超出了华尔街的预期，”Wedbush分析师Dan Ivestells<i>巴伦周刊</i>“从运行率的角度来看，特斯拉今年在华销量有望达到[20万辆以上]，这仍然是该公司今年达到[75万至80万辆]年度销量的关键。”</blockquote></p><p> Tesla stock rose 19.6% Tuesday. It’s the largest percentage jump since shares jumped 19.9% on Feb. 3, 2020. That jump was the start to Tesla’s incredible year. The stock finished up about 740%.</p><p><blockquote>特斯拉股价周二上涨19.6%。这是自2020年2月3日股价上涨19.9%以来的最大百分比涨幅。这一飞跃是特斯拉不可思议的一年的开始。该股收盘上涨约740%。</blockquote></p><p> The reason for the February 2020 jump washard to find. This time the upgrade certainly helped. So did the bounce in tech stocks. So do the China numbers. The Nasdaq Composite rose 3.7%, bouncing back after the recent selloff. TheS&amp;P 500andDow Jones Industrial Averagerose 1.4% and 0.1%, respectively.</p><p><blockquote>2020年2月跳跃的原因很难找到。这一次升级确实有所帮助。科技股的反弹也是如此。中国的数字也是如此。纳斯达克综合指数上涨3.7%，在近期抛售后反弹。标准普尔500指数和道琼斯工业平均指数分别上涨1.4%和0.1%。</blockquote></p><p> With Ferragu’s upgrade, about 33% of analysts covering Tesla rate shares Buy. The average Buy-rating ratio for stocks in the Dow is about 60%. Analysts always have trouble reconciling Tesla’s valuation with other car companies.General Motors (GM),for instance, trades for a single-digit PE ratio. Tesla trades for a triple-digit PE ratio. Tesla, of course, grows much faster than the broader automotive industry.</p><p><blockquote>随着Ferragu的升级，约33%的特斯拉分析师将股票评级为买入。道琼斯指数股票的平均买入评级约为60%。分析师总是难以调和特斯拉与其他车企的估值。例如，通用汽车(GM)的市盈率为个位数。特斯拉的市盈率为三位数。当然，特斯拉的增长速度比更广泛的汽车行业快得多。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/tesla-stock-up-upgrade-china-51615300696?mod=RTA\">Barrons</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.barrons.com/articles/tesla-stock-up-upgrade-china-51615300696?mod=RTA","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1197320396","content_text":"A Tesla fan got evenmore bullishon Tuesday, despite the stock’s recent drop. Tesla shares are up in premarket trading, but an upbeat take from the analyst isn’t the only reason shares are on the move.\nNew Street Research analyst Pierre Ferraguis a longtime Tesla (ticker: TSLA) bull. But that doesn’t mean he always rates shares Buy. He is willing to downgrade the stock to Hold when prices run ahead of what he believes is fair.\nFerragu rated Tesla stock Buy from mid-2018—when he launched coverage of the stock—until, essentially, mid-2020, when shares were at about $180. He was Hold-rated for a couple of months before upgrading shares to Buy around last October. But then Tesla stock ran to more than $600—from above around $400—in the blink of an eye. That 50% gain prompted another downgrade to Hold.\nNow Ferragu is saying buy Tesla again. And he raised his price target to $900 a share from $578.\n“As much as the market severely corrected the recent excesses of optimism reflected in Tesla’s valuation, our recent work strengthened our confidence about the solid outlook for the company in the next 2 years,” wrote Ferragu. “Tesla will be in a position to deliver 2 [million] units in 2023 and deliver earnings of $12, more than 50% above current expectations.” With better-than-expected earnings coming, according to analysts, he believes the stock will trade for the higher end of his expected price-to-earnings ratio range of 50 times to 100 times.\n“Tesla [is] the #1 stock we recommend buying in this pullback.”\nThe pullback hasbeen brutal. Coming into Tuesday, theNasdaq Compositeindex, which is home to many richly valued, high-growth stocks like Tesla, was down more than 11% from its February high. Tesla stock was down more than 37% from its January high.\nInflation fears are a big reason for the drop in Tesla and other tech stocks. Higher inflation means higher interest rates, which are problematic for growth stocks in two ways. First, a rise in rates makes funding growth more expensive. Second, high-growth companies generate most of their cash flow and potential dividends far in the future. That cash flow is relatively less attractive as investors can earn more interest right now.\nInflation fears will continue to affect Tesla stock for a while. That makes Wednesday’s inflation data a little higher stakes than usual. Economists expect prices—excluding food and energy—to be 0.2% higher in February compared with January. (Economists focus on inflation excluding food and energy to avoid commodity price swings in the numbers.)\nThe third reason Tesla shares are rising is China. Tesla delivered about 18,300 cars there in February, more that the company delivered in January. That is an achievement considering the Lunar New Year holiday dentedFebruary -deliveryfigures at companies such asNIO(NIO) andXPeng(XPEV) “We would characterize these February results as quite impressive and ahead of Street expectations,” Wedbush analystDan IvestellsBarron’s. “From a run-rate perspective, Tesla is on track to be on a [200,000-plus] unit trajectory in China for the year which remains a linchpin for the company hitting its [750,000 to 800,000] annual numbers for the year.”\nTesla stock rose 19.6% Tuesday. It’s the largest percentage jump since shares jumped 19.9% on Feb. 3, 2020. That jump was the start to Tesla’s incredible year. The stock finished up about 740%.\nThe reason for the February 2020 jump washard to find. This time the upgrade certainly helped. So did the bounce in tech stocks. So do the China numbers. The Nasdaq Composite rose 3.7%, bouncing back after the recent selloff. TheS&P 500andDow Jones Industrial Averagerose 1.4% and 0.1%, respectively.\nWith Ferragu’s upgrade, about 33% of analysts covering Tesla rate shares Buy. The average Buy-rating ratio for stocks in the Dow is about 60%. Analysts always have trouble reconciling Tesla’s valuation with other car companies.General Motors (GM),for instance, trades for a single-digit PE ratio. Tesla trades for a triple-digit PE ratio. Tesla, of course, grows much faster than the broader automotive industry.","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":367,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":362254598,"gmtCreate":1614644625514,"gmtModify":1703479230493,"author":{"id":"3575005933062903","authorId":"3575005933062903","name":"Kenngaroo","avatar":"https://static.tigerbbs.com/64f060389d919cadcc673831998e0fa2","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575005933062903","authorIdStr":"3575005933062903"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/NIO\">$NIO Inc.(NIO)$</a>shoudlve sold and rebought","listText":"<a href=\"https://laohu8.com/S/NIO\">$NIO Inc.(NIO)$</a>shoudlve sold and rebought","text":"$NIO Inc.(NIO)$shoudlve sold and rebought","images":[{"img":"https://static.tigerbbs.com/e9bf14eebf13079640651e4f61186e12","width":"1242","height":"1767"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/362254598","isVote":1,"tweetType":1,"viewCount":683,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":359591139,"gmtCreate":1616410004021,"gmtModify":1634526001243,"author":{"id":"3575005933062903","authorId":"3575005933062903","name":"Kenngaroo","avatar":"https://static.tigerbbs.com/64f060389d919cadcc673831998e0fa2","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575005933062903","authorIdStr":"3575005933062903"},"themes":[],"htmlText":"likes and comments","listText":"likes and comments","text":"likes and comments","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/359591139","repostId":"1163016573","repostType":4,"isVote":1,"tweetType":1,"viewCount":2816,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":324348848,"gmtCreate":1615968956384,"gmtModify":1703495654129,"author":{"id":"3575005933062903","authorId":"3575005933062903","name":"Kenngaroo","avatar":"https://static.tigerbbs.com/64f060389d919cadcc673831998e0fa2","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575005933062903","authorIdStr":"3575005933062903"},"themes":[],"htmlText":"&nbsp;need like n comments","listText":"&nbsp;need like n comments","text":"need like n comments","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/324348848","repostId":"1124634608","repostType":4,"repost":{"id":"1124634608","kind":"news","pubTimestamp":1615967232,"share":"https://www.laohu8.com/m/news/1124634608?lang=zh_CN&edition=full","pubTime":"2021-03-17 15:47","market":"us","language":"en","title":"Do Amazon ads bring in more cash than AWS?<blockquote>亚马逊广告带来的现金比AWS多吗？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1124634608","media":"Benedict Evans","summary":"There’s an old and common narrative around Amazon that it doesn’t make money, it sells below cost, i","content":"<p>There’s an old and common narrative around Amazon that it doesn’t make money, it sells below cost, it’s subsidised by investors and in particular it’s subsidised by AWS. People tend to repeat these to each other as though they’re unquestionable true, but they’re either debatable or objectively false - for example, Amazon hasn’t raised money directly from investors since the IPO in 1997, though it does pay people a lot of stock (Lina Khan made this mistake in her otherwise&nbsp;excellent paper on the challenges Amazon poses to competition theory).</p><p><blockquote>围绕亚马逊有一个古老而常见的说法，即它不赚钱，它以低于成本的价格出售，它得到投资者的补贴，尤其是AWS的补贴。人们倾向于互相重复这些，好像它们是毫无疑问的真实，但它们要么是有争议的，要么客观上是错误的——例如，亚马逊自1997年首次公开募股以来就没有直接从投资者那里筹集过资金，尽管它确实向人们支付了很多股票（莉娜·汗在她关于亚马逊对竞争理论构成的挑战的优秀论文中犯了这个错误）。</blockquote></p><p> AWS is particularly interesting, though, because it <i>is</i> true that AWS is highly profitable and generates a lot of cash that Amazon can use for other things, and that naturally leads to the policy argument that we should split it apart from the rest of Amazon, so that the retail business would have to run off its own cashflow.</p><p><blockquote>不过，AWS特别有趣，因为它<i>是</i>诚然，AWS利润丰厚，并产生大量现金，亚马逊可以将其用于其他事情，这自然会导致政策争论，即我们应该将其与亚马逊的其他部分分开，这样零售业务就必须运行它自己的现金流。</blockquote></p><p> You could certainly do that (though given that Amazon has less than 10% share of US retail, it might be hard to win the case), but you also need to understand that AWS is not the only highly profitable part of Amazon - it’s just the only part that the SEC makes Amazon break out. As I wrote here (back in 2014), Amazon is a bundle of lots of different businesses with different margins, and the net income line only shows you the aggregate. AWS operating income is broken out, but there are other things that aren’t.</p><p><blockquote>你当然可以这样做（尽管考虑到亚马逊在美国零售业的份额不到10%，可能很难胜诉），但你也需要明白，AWS并不是亚马逊唯一高利润的部分——这只是SEC让亚马逊爆发的唯一部分。正如我在这里写的（早在2014年），亚马逊是许多不同业务的集合体，利润率不同，净利润线只显示了总数。AWS营业收入是细分的，但还有其他事情没有。</blockquote></p><p> Amazon started disclosing AWS numbers five years ago, but in the last couple of years another big and highly profitable business has quietly emerged in the footnotes at the back of the&nbsp;10k. Amazon’s ‘Other’ revenue line, which is ‘primarily’ advertising, was over $20bn in 2020.</p><p><blockquote>亚马逊五年前开始披露AWS的数据，但在过去几年里，另一项大型且高利润的业务悄然出现在10 k后面的脚注中。亚马逊的“其他”收入线（主要是广告）在2020年超过200亿美元。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/36b1ca305a41ec503202662c363a289c\" tg-width=\"1920\" tg-height=\"1080\"></p><p><blockquote></blockquote></p><p> How profitable is this? Amazon doesn’t tell us directly. Rather, it gives a divisional breakdown on two different bases:</p><p><blockquote>这有多赚钱？亚马逊没有直接告诉我们。相反，它在两个不同的基础上给出了部门细分：</blockquote></p><p> <ul>  <li>Revenue and operating income for North America, International and AWS</p><p><blockquote><ul><li>北美、国际和AWS的收入和营业收入</li></ul></blockquote></p><p></li>  <li>Revenue for online stores, physical stores, marketplace services, subscriptions (Prime), AWS and ‘other’, which is, again, ‘primarily’ the ad business.</p><p><blockquote><li>在线商店、实体店、市场服务、订阅(Prime)、AWS和“其他”的收入，这也是“主要”广告业务。</li></blockquote></p><p></li> </ul> So we know the profitability of AWS, but not advertising, and the ad business, along with everything else except AWS, is inside ‘North America’ and ‘International’.</p><p><blockquote>因此，我们知道AWS的盈利能力，但不知道广告，广告业务以及除AWS之外的所有业务都在“北美”和“国际”内部。</blockquote></p><p> However, we can make an informed guess. Google’s core business had 2020 operating margins before R&amp;D and TAC (neither apply here) of 68%, and that’s for the whole company, including the data centres and Youtube. How much incremental cost on top of Amazon’s existing systems does Amazon need to sell and deliver advertising? And how much of that ‘other’ line is ads anyway?</p><p><blockquote>然而，我们可以做出明智的猜测。谷歌的核心业务在研发和TAC（此处均不适用）之前的2020年营业利润率为68%，这是针对整个公司的，包括数据中心和Youtube。在亚马逊现有系统的基础上，亚马逊销售和投放广告需要多少增量成本？“另一条”线到底有多少是广告？</blockquote></p><p> At the top end, if we assume that $20bn of Amazon’s $21.5bn ‘Ads and other’ was actually ads, and it matched Google’s operating margin, that would be $13.6bn of operating income, the same as AWS. It could also be, say, $5bn lower - which would be in line with all of Amazon North America. Either way, it’s big, and growing,</p><p><blockquote>在最高端，如果我们假设亚马逊215亿美元的“广告和其他”中有200亿美元实际上是广告，并且它与谷歌的营业利润率相匹配，那么营业收入将为136亿美元，与AWS相同。比如说，它也可能减少50亿美元——这将与整个亚马逊北美地区一致。不管怎样，它很大，而且还在增长，</blockquote></p><p> <img src=\"https://static.tigerbbs.com/23cd87fb38508f5ec748cf2d14ac0b61\" tg-width=\"1920\" tg-height=\"1080\"></p><p><blockquote></blockquote></p><p> To repeat - this is just an informed guess, and ads will of course change other things, such as directing purchasing to different products that might have higher or lower margins for Amazon. Meanwhile, operating income does not include capex, so it’s not a great way to compare an ad business with a datacenter business. Most of that AWS operating income goes straight out of the door on building more AWS, so a free cash-flow comparison would made ads look better than AWS. But whatever the real number, this is a big business.</p><p><blockquote>重复一遍——这只是一个有根据的猜测，广告当然会改变其他事情，比如将购买导向亚马逊利润率可能更高或更低的不同产品。同时，营业收入不包括资本支出，因此这不是将广告业务与数据中心业务进行比较的好方法。AWS的大部分营业收入直接用于构建更多AWS，因此自由现金流比较会让广告看起来比AWS更好。但无论真实数字是多少，这都是一笔大生意。</blockquote></p><p> There are a few interesting things to think about here. Amazon’s own ecommerce, which is, again, only 40% of actual sales on the site, increasingly looks like a low-margin anchor to support the marketplace, and now ads. This week the FT reported the EU is having trouble building a competition case against Amazon: its theory is that Amazon unfairly steers customers away from marketplace vendors towards its own products, but one of Amazon’s arguments is apparently that marketplace is more profitable, so its incentive is the opposite! Everything at Amazon has an angle - the biggest subsidy, going right back the beginning, is the negative working capital, whereby it can charge customer before paying suppliers. Its use of stock to pay people has some of the same character.</p><p><blockquote>这里有一些有趣的事情需要思考。亚马逊自己的电子商务也只占网站实际销售额的40%，越来越像是支撑市场的低利润支柱，现在是广告。英国《金融时报》本周报道称，欧盟在建立针对亚马逊的竞争案例方面遇到了困难：其理论是亚马逊不公平地将客户从市场供应商转向自己的产品，但亚马逊的论点之一显然是市场更有利可图，因此其动机是相反的！亚马逊的一切都有一个角度——最大的补贴，追溯到一开始，是负营运资本，它可以在向供应商付款之前向客户收费。它使用股票来支付人们也有一些相同的特征。</blockquote></p><p> A general point, though - Amazon is not the only retailer to have realised that the time we spend on its site makes it a media owner by accident. ASOS has hundreds of content producers, and a lot of big retailers are now thinking about online media and ad strategies. The more privacy and data rules we have, and the faster that cookies disappear, the more that content silos, large audiences and first party data matter in ads and ecommerce.</p><p><blockquote>不过，有一点是，亚马逊并不是唯一一家意识到我们在其网站上花费的时间意外地使其成为媒体所有者的零售商。ASOS拥有数百家内容制作者，许多大型零售商现在都在考虑在线媒体和广告策略。我们拥有的隐私和数据规则越多，cookies消失得越快，内容孤岛、大量受众和第一方数据在广告和电子商务中就越重要。</blockquote></p><p></p>","source":"lsy1615967223191","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>Do Amazon ads bring in more cash than AWS?<blockquote>亚马逊广告带来的现金比AWS多吗？</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDo Amazon ads bring in more cash than AWS?<blockquote>亚马逊广告带来的现金比AWS多吗？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Benedict Evans</strong><span class=\"h-time small\">2021-03-17 15:47</span>\n</p>\n</h4>\n</header>\n<article>\n<p>There’s an old and common narrative around Amazon that it doesn’t make money, it sells below cost, it’s subsidised by investors and in particular it’s subsidised by AWS. People tend to repeat these to each other as though they’re unquestionable true, but they’re either debatable or objectively false - for example, Amazon hasn’t raised money directly from investors since the IPO in 1997, though it does pay people a lot of stock (Lina Khan made this mistake in her otherwise&nbsp;excellent paper on the challenges Amazon poses to competition theory).</p><p><blockquote>围绕亚马逊有一个古老而常见的说法，即它不赚钱，它以低于成本的价格出售，它得到投资者的补贴，尤其是AWS的补贴。人们倾向于互相重复这些，好像它们是毫无疑问的真实，但它们要么是有争议的，要么客观上是错误的——例如，亚马逊自1997年首次公开募股以来就没有直接从投资者那里筹集过资金，尽管它确实向人们支付了很多股票（莉娜·汗在她关于亚马逊对竞争理论构成的挑战的优秀论文中犯了这个错误）。</blockquote></p><p> AWS is particularly interesting, though, because it <i>is</i> true that AWS is highly profitable and generates a lot of cash that Amazon can use for other things, and that naturally leads to the policy argument that we should split it apart from the rest of Amazon, so that the retail business would have to run off its own cashflow.</p><p><blockquote>不过，AWS特别有趣，因为它<i>是</i>诚然，AWS利润丰厚，并产生大量现金，亚马逊可以将其用于其他事情，这自然会导致政策争论，即我们应该将其与亚马逊的其他部分分开，这样零售业务就必须运行它自己的现金流。</blockquote></p><p> You could certainly do that (though given that Amazon has less than 10% share of US retail, it might be hard to win the case), but you also need to understand that AWS is not the only highly profitable part of Amazon - it’s just the only part that the SEC makes Amazon break out. As I wrote here (back in 2014), Amazon is a bundle of lots of different businesses with different margins, and the net income line only shows you the aggregate. AWS operating income is broken out, but there are other things that aren’t.</p><p><blockquote>你当然可以这样做（尽管考虑到亚马逊在美国零售业的份额不到10%，可能很难胜诉），但你也需要明白，AWS并不是亚马逊唯一高利润的部分——这只是SEC让亚马逊爆发的唯一部分。正如我在这里写的（早在2014年），亚马逊是许多不同业务的集合体，利润率不同，净利润线只显示了总数。AWS营业收入是细分的，但还有其他事情没有。</blockquote></p><p> Amazon started disclosing AWS numbers five years ago, but in the last couple of years another big and highly profitable business has quietly emerged in the footnotes at the back of the&nbsp;10k. Amazon’s ‘Other’ revenue line, which is ‘primarily’ advertising, was over $20bn in 2020.</p><p><blockquote>亚马逊五年前开始披露AWS的数据，但在过去几年里，另一项大型且高利润的业务悄然出现在10 k后面的脚注中。亚马逊的“其他”收入线（主要是广告）在2020年超过200亿美元。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/36b1ca305a41ec503202662c363a289c\" tg-width=\"1920\" tg-height=\"1080\"></p><p><blockquote></blockquote></p><p> How profitable is this? Amazon doesn’t tell us directly. Rather, it gives a divisional breakdown on two different bases:</p><p><blockquote>这有多赚钱？亚马逊没有直接告诉我们。相反，它在两个不同的基础上给出了部门细分：</blockquote></p><p> <ul>  <li>Revenue and operating income for North America, International and AWS</p><p><blockquote><ul><li>北美、国际和AWS的收入和营业收入</li></ul></blockquote></p><p></li>  <li>Revenue for online stores, physical stores, marketplace services, subscriptions (Prime), AWS and ‘other’, which is, again, ‘primarily’ the ad business.</p><p><blockquote><li>在线商店、实体店、市场服务、订阅(Prime)、AWS和“其他”的收入，这也是“主要”广告业务。</li></blockquote></p><p></li> </ul> So we know the profitability of AWS, but not advertising, and the ad business, along with everything else except AWS, is inside ‘North America’ and ‘International’.</p><p><blockquote>因此，我们知道AWS的盈利能力，但不知道广告，广告业务以及除AWS之外的所有业务都在“北美”和“国际”内部。</blockquote></p><p> However, we can make an informed guess. Google’s core business had 2020 operating margins before R&amp;D and TAC (neither apply here) of 68%, and that’s for the whole company, including the data centres and Youtube. How much incremental cost on top of Amazon’s existing systems does Amazon need to sell and deliver advertising? And how much of that ‘other’ line is ads anyway?</p><p><blockquote>然而，我们可以做出明智的猜测。谷歌的核心业务在研发和TAC（此处均不适用）之前的2020年营业利润率为68%，这是针对整个公司的，包括数据中心和Youtube。在亚马逊现有系统的基础上，亚马逊销售和投放广告需要多少增量成本？“另一条”线到底有多少是广告？</blockquote></p><p> At the top end, if we assume that $20bn of Amazon’s $21.5bn ‘Ads and other’ was actually ads, and it matched Google’s operating margin, that would be $13.6bn of operating income, the same as AWS. It could also be, say, $5bn lower - which would be in line with all of Amazon North America. Either way, it’s big, and growing,</p><p><blockquote>在最高端，如果我们假设亚马逊215亿美元的“广告和其他”中有200亿美元实际上是广告，并且它与谷歌的营业利润率相匹配，那么营业收入将为136亿美元，与AWS相同。比如说，它也可能减少50亿美元——这将与整个亚马逊北美地区一致。不管怎样，它很大，而且还在增长，</blockquote></p><p> <img src=\"https://static.tigerbbs.com/23cd87fb38508f5ec748cf2d14ac0b61\" tg-width=\"1920\" tg-height=\"1080\"></p><p><blockquote></blockquote></p><p> To repeat - this is just an informed guess, and ads will of course change other things, such as directing purchasing to different products that might have higher or lower margins for Amazon. Meanwhile, operating income does not include capex, so it’s not a great way to compare an ad business with a datacenter business. Most of that AWS operating income goes straight out of the door on building more AWS, so a free cash-flow comparison would made ads look better than AWS. But whatever the real number, this is a big business.</p><p><blockquote>重复一遍——这只是一个有根据的猜测，广告当然会改变其他事情，比如将购买导向亚马逊利润率可能更高或更低的不同产品。同时，营业收入不包括资本支出，因此这不是将广告业务与数据中心业务进行比较的好方法。AWS的大部分营业收入直接用于构建更多AWS，因此自由现金流比较会让广告看起来比AWS更好。但无论真实数字是多少，这都是一笔大生意。</blockquote></p><p> There are a few interesting things to think about here. Amazon’s own ecommerce, which is, again, only 40% of actual sales on the site, increasingly looks like a low-margin anchor to support the marketplace, and now ads. This week the FT reported the EU is having trouble building a competition case against Amazon: its theory is that Amazon unfairly steers customers away from marketplace vendors towards its own products, but one of Amazon’s arguments is apparently that marketplace is more profitable, so its incentive is the opposite! Everything at Amazon has an angle - the biggest subsidy, going right back the beginning, is the negative working capital, whereby it can charge customer before paying suppliers. Its use of stock to pay people has some of the same character.</p><p><blockquote>这里有一些有趣的事情需要思考。亚马逊自己的电子商务也只占网站实际销售额的40%，越来越像是支撑市场的低利润支柱，现在是广告。英国《金融时报》本周报道称，欧盟在建立针对亚马逊的竞争案例方面遇到了困难：其理论是亚马逊不公平地将客户从市场供应商转向自己的产品，但亚马逊的论点之一显然是市场更有利可图，因此其动机是相反的！亚马逊的一切都有一个角度——最大的补贴，追溯到一开始，是负营运资本，它可以在向供应商付款之前向客户收费。它使用股票来支付人们也有一些相同的特征。</blockquote></p><p> A general point, though - Amazon is not the only retailer to have realised that the time we spend on its site makes it a media owner by accident. ASOS has hundreds of content producers, and a lot of big retailers are now thinking about online media and ad strategies. The more privacy and data rules we have, and the faster that cookies disappear, the more that content silos, large audiences and first party data matter in ads and ecommerce.</p><p><blockquote>不过，有一点是，亚马逊并不是唯一一家意识到我们在其网站上花费的时间意外地使其成为媒体所有者的零售商。ASOS拥有数百家内容制作者，许多大型零售商现在都在考虑在线媒体和广告策略。我们拥有的隐私和数据规则越多，cookies消失得越快，内容孤岛、大量受众和第一方数据在广告和电子商务中就越重要。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.ben-evans.com/benedictevans/2021/3/14/do-amazon-ads-bring-in-more-cash-than-aws\">Benedict Evans</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://www.ben-evans.com/benedictevans/2021/3/14/do-amazon-ads-bring-in-more-cash-than-aws","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1124634608","content_text":"There’s an old and common narrative around Amazon that it doesn’t make money, it sells below cost, it’s subsidised by investors and in particular it’s subsidised by AWS. People tend to repeat these to each other as though they’re unquestionable true, but they’re either debatable or objectively false - for example, Amazon hasn’t raised money directly from investors since the IPO in 1997, though it does pay people a lot of stock (Lina Khan made this mistake in her otherwise excellent paper on the challenges Amazon poses to competition theory).\nAWS is particularly interesting, though, because it is true that AWS is highly profitable and generates a lot of cash that Amazon can use for other things, and that naturally leads to the policy argument that we should split it apart from the rest of Amazon, so that the retail business would have to run off its own cashflow.\nYou could certainly do that (though given that Amazon has less than 10% share of US retail, it might be hard to win the case), but you also need to understand that AWS is not the only highly profitable part of Amazon - it’s just the only part that the SEC makes Amazon break out. As I wrote here (back in 2014), Amazon is a bundle of lots of different businesses with different margins, and the net income line only shows you the aggregate. AWS operating income is broken out, but there are other things that aren’t.\nAmazon started disclosing AWS numbers five years ago, but in the last couple of years another big and highly profitable business has quietly emerged in the footnotes at the back of the 10k. Amazon’s ‘Other’ revenue line, which is ‘primarily’ advertising, was over $20bn in 2020.\n\nHow profitable is this? Amazon doesn’t tell us directly. Rather, it gives a divisional breakdown on two different bases:\n\nRevenue and operating income for North America, International and AWS\nRevenue for online stores, physical stores, marketplace services, subscriptions (Prime), AWS and ‘other’, which is, again, ‘primarily’ the ad business.\n\nSo we know the profitability of AWS, but not advertising, and the ad business, along with everything else except AWS, is inside ‘North America’ and ‘International’.\nHowever, we can make an informed guess. Google’s core business had 2020 operating margins before R&D and TAC (neither apply here) of 68%, and that’s for the whole company, including the data centres and Youtube. How much incremental cost on top of Amazon’s existing systems does Amazon need to sell and deliver advertising? And how much of that ‘other’ line is ads anyway?\nAt the top end, if we assume that $20bn of Amazon’s $21.5bn ‘Ads and other’ was actually ads, and it matched Google’s operating margin, that would be $13.6bn of operating income, the same as AWS. It could also be, say, $5bn lower - which would be in line with all of Amazon North America. Either way, it’s big, and growing,\n\nTo repeat - this is just an informed guess, and ads will of course change other things, such as directing purchasing to different products that might have higher or lower margins for Amazon. Meanwhile, operating income does not include capex, so it’s not a great way to compare an ad business with a datacenter business. Most of that AWS operating income goes straight out of the door on building more AWS, so a free cash-flow comparison would made ads look better than AWS. But whatever the real number, this is a big business.\nThere are a few interesting things to think about here. Amazon’s own ecommerce, which is, again, only 40% of actual sales on the site, increasingly looks like a low-margin anchor to support the marketplace, and now ads. This week the FT reported the EU is having trouble building a competition case against Amazon: its theory is that Amazon unfairly steers customers away from marketplace vendors towards its own products, but one of Amazon’s arguments is apparently that marketplace is more profitable, so its incentive is the opposite! Everything at Amazon has an angle - the biggest subsidy, going right back the beginning, is the negative working capital, whereby it can charge customer before paying suppliers. Its use of stock to pay people has some of the same character.\nA general point, though - Amazon is not the only retailer to have realised that the time we spend on its site makes it a media owner by accident. ASOS has hundreds of content producers, and a lot of big retailers are now thinking about online media and ad strategies. 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