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PartTime

PartTime

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2021-06-23

Delicious

抱歉，原内容已删除

2021-06-23

Drive car

2021-06-21

Take the bus

2021-06-21

Wow

抱歉，原内容已删除

2021-06-20

Incredible

抱歉，原内容已删除

2021-06-20

Aim training is hard

2021-06-19

Good days

2021-06-17

Wah shiok

2021-06-16

Very nice

Tesla Bulls Look for Stock Catalysts. They Found Three.<blockquote>特斯拉多头寻找股票催化剂。他们找到了三个。</blockquote>

2021-06-16

Wow

Could Amazon Stock Become A Dividend Payer Soon?<blockquote>亚马逊股票很快就会成为股息支付者吗？</blockquote>

2021-06-16

Incredible

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They Found Three.<blockquote>特斯拉多头寻找股票催化剂。他们找到了三个。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1105892749","media":"Barrons","summary":"Weak performance from Tesla stock has bullish analysts feeling disappointed these days. They are looking for catalysts to break shares out of their recent funk.That performance is flummoxing Tesla bulls. “Let’s begin with a healthy dose of intellectual honesty on the starting point for the stock,” writes Morgan Stanley analyst Adam Jonas in a Monday evening report. He is a Tesla bull rating shares Buy. His price target for the stock is $900 a share, almost 50% higher than recent levels. “Even bu","content":"<p>Weak performance from Tesla stock has bullish analysts feeling disappointed these days. They are looking for catalysts to break shares out of their recent funk.</p><p><blockquote>特斯拉股票的疲软表现让看涨分析师最近感到失望。他们正在寻找催化剂，使股价摆脱最近的恐慌。</blockquote></p><p> Tesla stock (ticker: TSLA) is down about 15% year to date and off about 50% from its January 52-week high of $900.40. Tesla has ceded leadership—from a stock perspective—back to traditional auto makers: General Motors (GM) and Ford Motor (F) shares are up 45% and 70% year to date, respectively.</p><p><blockquote>特斯拉股价（股票代码：TSLA）今年迄今已下跌约15%，较1月份52周高点900.40美元下跌约50%。从股票角度来看，特斯拉已经将领导权让给了传统汽车制造商：通用汽车(GM)和福特汽车(F)的股价今年迄今分别上涨了45%和70%。</blockquote></p><p> That performance is flummoxing Tesla bulls. “Let’s begin with a healthy dose of intellectual honesty on the starting point for the stock,” writes Morgan Stanley analyst&nbsp;Adam Jonas&nbsp;in a Monday evening report. He is a Tesla bull rating shares Buy. His price target for the stock is $900 a share, almost 50% higher than recent levels. “Even bulls should admit that the rise in the stock price during the second half of 2020, while perhaps deserved in principle, was packed into a&nbsp;highly concentrated&nbsp;time frame,” he writes.</p><p><blockquote>这一表现让特斯拉多头感到困惑。摩根士丹利分析师亚当·乔纳斯(Adam Jonas)在周一晚间的一份报告中写道：“让我们从该股的起点开始，以健康的智力诚实开始。”他是特斯拉股票买入的牛市评级。他对该股的目标价为每股900美元，比近期水平高出近50%。他写道：“即使是多头也应该承认，2020年下半年股价的上涨虽然原则上也许是理所应当的，但却是在一个高度集中的时间框架内进行的。”</blockquote></p><p> Tesla shares rose 227% in the second half of 2020, buoyed by strong earnings, strong deliveries, and the stock’s inclusion in the&nbsp;S&amp;P 500.</p><p><blockquote>受强劲盈利、强劲交付以及该股被纳入标准普尔500指数的提振，特斯拉股价在2020年下半年上涨了227%。</blockquote></p><p> “The stock had the better part of five years-worth of performance packed into about five month,” Jonas adds. He says his clients are now looking for the next big thing that can drive the stock forward again. His ideas include capacity expansion in Texas and Germany. After that, he predicts Tesla will open up five more plants between now and the middle of this decade.</p><p><blockquote>乔纳斯补充道：“该股五年的大部分表现都集中在大约五个月内。”他说，他的客户现在正在寻找下一个可以推动股票再次上涨的大事件。他的想法包括在德克萨斯州和德国扩大产能。此后，他预测从现在到本世纪中期，特斯拉将再开设五家工厂。</blockquote></p><p> Jonas is also looking for Tesla to unveil another new vehicle model. By his estimation, Tesla covers only about 15% of the total addressable market for the auto industry with its Y, X, 3, and S models. Model expansion will be a positive. That isn’t on the near-term horizon, though the company is due to deliver its Cybertruck later in 2021.</p><p><blockquote>Jonas还希望特斯拉推出另一款新车型。据他估计，特斯拉的Y、X、3和S车型仅占汽车行业总潜在市场的15%左右。模型扩展将是积极的。尽管该公司将于2021年晚些时候交付其Cybertruck，但这并不是近期的事情。</blockquote></p><p> Canaccord analyst&nbsp;Jonathan Dorsheimer&nbsp;is looking in a different area for a catalyst: residential solar power. Part of the reason he is bullish is that “Tesla is creating an energy brand and an Apple-esque ecosystem of products with customer focused connectivity, seamlessly marrying car, solar, and back-up power,” he wrote in a report released Sunday.</p><p><blockquote>Canaccord分析师Jonathan Dorsheimer正在另一个领域寻找催化剂：住宅太阳能。他看好的部分原因是“特斯拉正在创建一个能源品牌和一个苹果式的产品生态系统，具有以客户为中心的连接，将汽车、太阳能和备用电源无缝结合，”他在周日发布的一份报告中写道。</blockquote></p><p> Dorsheimer is bullish, but feeling a little down lately. He still rates the stock Buy, but he cut his&nbsp;price target&nbsp;to $812 from $974 in his report. Among other things, he is disappointed by battery delays. Tesla is planning to use larger battery cells that promise better range, charge time, and costs. Those batteries aren’t available yet.</p><p><blockquote>多斯海默很乐观，但最近感觉有点沮丧。他仍将该股评级为买入，但在报告中将目标价从974美元下调至812美元。除此之外，他对电池延迟感到失望。特斯拉正计划使用更大的电池，以保证更好的续航里程、充电时间和成本。那些电池还没有上市。</blockquote></p><p> Looking a little further back, Goldman Sachs analyst&nbsp;Mark Delaney&nbsp;was watching Tesla’s Model S Plaid delivery event last week. The Plaid can go zero to 60 miles per hour in less than two seconds. Delaney was impressed by the technology, but pointed out the Plaid, at roughly $130,000, is a niche vehicle. He is looking for 2021 deliveries to exceed expectations. Delaney is modeling 875,000 vehicles for Tesla in 2021. The Wall Street consensus number is closer to 825,000.</p><p><blockquote>再往前看，高盛分析师Mark Delaney上周观看了特斯拉Model S Plaid交付活动。格子可以在不到两秒钟的时间内从零加速到60英里/小时。德莱尼对这项技术印象深刻，但指出售价约13万美元的Plaid是一款小众汽车。他希望2021年的交付量能够超出预期。德莱尼将在2021年为特斯拉设计875,000辆汽车。华尔街的共识数字更接近82.5万。</blockquote></p><p> Delaney rates shares Buy and has an $860 price target.</p><p><blockquote>德莱尼将股票评级为买入，目标价为860美元。</blockquote></p><p> New production ramping up, strong deliveries, and a growing solar business is what these three will watch for in coming months. If all goes well, those catalysts should be enough to drive Tesla stock higher, as long as there is no bad news in the meantime.</p><p><blockquote>新产量的增加、强劲的交付量和不断增长的太阳能业务是这三家公司未来几个月将关注的焦点。如果一切顺利，只要同时没有坏消息，这些催化剂应该足以推动特斯拉股价走高。</blockquote></p><p> Tesla stock was down 3%&nbsp;to $599.36&nbsp;on&nbsp;Tuesday, and down slightly for the week.</p><p><blockquote>特斯拉股价周二下跌3%，至599.36美元，本周小幅下跌。</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>Tesla Bulls Look for Stock Catalysts. They Found Three.<blockquote>特斯拉多头寻找股票催化剂。他们找到了三个。</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla Bulls Look for Stock Catalysts. They Found Three.<blockquote>特斯拉多头寻找股票催化剂。他们找到了三个。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-06-16 10:14</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Weak performance from Tesla stock has bullish analysts feeling disappointed these days. They are looking for catalysts to break shares out of their recent funk.</p><p><blockquote>特斯拉股票的疲软表现让看涨分析师最近感到失望。他们正在寻找催化剂，使股价摆脱最近的恐慌。</blockquote></p><p> Tesla stock (ticker: TSLA) is down about 15% year to date and off about 50% from its January 52-week high of $900.40. Tesla has ceded leadership—from a stock perspective—back to traditional auto makers: General Motors (GM) and Ford Motor (F) shares are up 45% and 70% year to date, respectively.</p><p><blockquote>特斯拉股价（股票代码：TSLA）今年迄今已下跌约15%，较1月份52周高点900.40美元下跌约50%。从股票角度来看，特斯拉已经将领导权让给了传统汽车制造商：通用汽车(GM)和福特汽车(F)的股价今年迄今分别上涨了45%和70%。</blockquote></p><p> That performance is flummoxing Tesla bulls. “Let’s begin with a healthy dose of intellectual honesty on the starting point for the stock,” writes Morgan Stanley analyst&nbsp;Adam Jonas&nbsp;in a Monday evening report. He is a Tesla bull rating shares Buy. His price target for the stock is $900 a share, almost 50% higher than recent levels. “Even bulls should admit that the rise in the stock price during the second half of 2020, while perhaps deserved in principle, was packed into a&nbsp;highly concentrated&nbsp;time frame,” he writes.</p><p><blockquote>这一表现让特斯拉多头感到困惑。摩根士丹利分析师亚当·乔纳斯(Adam Jonas)在周一晚间的一份报告中写道：“让我们从该股的起点开始，以健康的智力诚实开始。”他是特斯拉股票买入的牛市评级。他对该股的目标价为每股900美元，比近期水平高出近50%。他写道：“即使是多头也应该承认，2020年下半年股价的上涨虽然原则上也许是理所应当的，但却是在一个高度集中的时间框架内进行的。”</blockquote></p><p> Tesla shares rose 227% in the second half of 2020, buoyed by strong earnings, strong deliveries, and the stock’s inclusion in the&nbsp;S&amp;P 500.</p><p><blockquote>受强劲盈利、强劲交付以及该股被纳入标准普尔500指数的提振，特斯拉股价在2020年下半年上涨了227%。</blockquote></p><p> “The stock had the better part of five years-worth of performance packed into about five month,” Jonas adds. He says his clients are now looking for the next big thing that can drive the stock forward again. His ideas include capacity expansion in Texas and Germany. After that, he predicts Tesla will open up five more plants between now and the middle of this decade.</p><p><blockquote>乔纳斯补充道：“该股五年的大部分表现都集中在大约五个月内。”他说，他的客户现在正在寻找下一个可以推动股票再次上涨的大事件。他的想法包括在德克萨斯州和德国扩大产能。此后，他预测从现在到本世纪中期，特斯拉将再开设五家工厂。</blockquote></p><p> Jonas is also looking for Tesla to unveil another new vehicle model. By his estimation, Tesla covers only about 15% of the total addressable market for the auto industry with its Y, X, 3, and S models. Model expansion will be a positive. That isn’t on the near-term horizon, though the company is due to deliver its Cybertruck later in 2021.</p><p><blockquote>Jonas还希望特斯拉推出另一款新车型。据他估计，特斯拉的Y、X、3和S车型仅占汽车行业总潜在市场的15%左右。模型扩展将是积极的。尽管该公司将于2021年晚些时候交付其Cybertruck，但这并不是近期的事情。</blockquote></p><p> Canaccord analyst&nbsp;Jonathan Dorsheimer&nbsp;is looking in a different area for a catalyst: residential solar power. Part of the reason he is bullish is that “Tesla is creating an energy brand and an Apple-esque ecosystem of products with customer focused connectivity, seamlessly marrying car, solar, and back-up power,” he wrote in a report released Sunday.</p><p><blockquote>Canaccord分析师Jonathan Dorsheimer正在另一个领域寻找催化剂：住宅太阳能。他看好的部分原因是“特斯拉正在创建一个能源品牌和一个苹果式的产品生态系统，具有以客户为中心的连接，将汽车、太阳能和备用电源无缝结合，”他在周日发布的一份报告中写道。</blockquote></p><p> Dorsheimer is bullish, but feeling a little down lately. He still rates the stock Buy, but he cut his&nbsp;price target&nbsp;to $812 from $974 in his report. Among other things, he is disappointed by battery delays. Tesla is planning to use larger battery cells that promise better range, charge time, and costs. Those batteries aren’t available yet.</p><p><blockquote>多斯海默很乐观，但最近感觉有点沮丧。他仍将该股评级为买入，但在报告中将目标价从974美元下调至812美元。除此之外，他对电池延迟感到失望。特斯拉正计划使用更大的电池，以保证更好的续航里程、充电时间和成本。那些电池还没有上市。</blockquote></p><p> Looking a little further back, Goldman Sachs analyst&nbsp;Mark Delaney&nbsp;was watching Tesla’s Model S Plaid delivery event last week. The Plaid can go zero to 60 miles per hour in less than two seconds. Delaney was impressed by the technology, but pointed out the Plaid, at roughly $130,000, is a niche vehicle. He is looking for 2021 deliveries to exceed expectations. Delaney is modeling 875,000 vehicles for Tesla in 2021. The Wall Street consensus number is closer to 825,000.</p><p><blockquote>再往前看，高盛分析师Mark Delaney上周观看了特斯拉Model S Plaid交付活动。格子可以在不到两秒钟的时间内从零加速到60英里/小时。德莱尼对这项技术印象深刻，但指出售价约13万美元的Plaid是一款小众汽车。他希望2021年的交付量能够超出预期。德莱尼将在2021年为特斯拉设计875,000辆汽车。华尔街的共识数字更接近82.5万。</blockquote></p><p> Delaney rates shares Buy and has an $860 price target.</p><p><blockquote>德莱尼将股票评级为买入，目标价为860美元。</blockquote></p><p> New production ramping up, strong deliveries, and a growing solar business is what these three will watch for in coming months. If all goes well, those catalysts should be enough to drive Tesla stock higher, as long as there is no bad news in the meantime.</p><p><blockquote>新产量的增加、强劲的交付量和不断增长的太阳能业务是这三家公司未来几个月将关注的焦点。如果一切顺利，只要同时没有坏消息，这些催化剂应该足以推动特斯拉股价走高。</blockquote></p><p> Tesla stock was down 3%&nbsp;to $599.36&nbsp;on&nbsp;Tuesday, and down slightly for the week.</p><p><blockquote>特斯拉股价周二下跌3%，至599.36美元，本周小幅下跌。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/tesla-bulls-look-for-stock-catalysts-they-found-three-51623774479?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-bulls-look-for-stock-catalysts-they-found-three-51623774479?mod=RTA","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1105892749","content_text":"Weak performance from Tesla stock has bullish analysts feeling disappointed these days. They are looking for catalysts to break shares out of their recent funk.\nTesla stock (ticker: TSLA) is down about 15% year to date and off about 50% from its January 52-week high of $900.40. Tesla has ceded leadership—from a stock perspective—back to traditional auto makers: General Motors (GM) and Ford Motor (F) shares are up 45% and 70% year to date, respectively.\nThat performance is flummoxing Tesla bulls. “Let’s begin with a healthy dose of intellectual honesty on the starting point for the stock,” writes Morgan Stanley analyst Adam Jonas in a Monday evening report. He is a Tesla bull rating shares Buy. His price target for the stock is $900 a share, almost 50% higher than recent levels. “Even bulls should admit that the rise in the stock price during the second half of 2020, while perhaps deserved in principle, was packed into a highly concentrated time frame,” he writes.\nTesla shares rose 227% in the second half of 2020, buoyed by strong earnings, strong deliveries, and the stock’s inclusion in the S&P 500.\n“The stock had the better part of five years-worth of performance packed into about five month,” Jonas adds. He says his clients are now looking for the next big thing that can drive the stock forward again. His ideas include capacity expansion in Texas and Germany. After that, he predicts Tesla will open up five more plants between now and the middle of this decade.\nJonas is also looking for Tesla to unveil another new vehicle model. By his estimation, Tesla covers only about 15% of the total addressable market for the auto industry with its Y, X, 3, and S models. Model expansion will be a positive. That isn’t on the near-term horizon, though the company is due to deliver its Cybertruck later in 2021.\nCanaccord analyst Jonathan Dorsheimer is looking in a different area for a catalyst: residential solar power. Part of the reason he is bullish is that “Tesla is creating an energy brand and an Apple-esque ecosystem of products with customer focused connectivity, seamlessly marrying car, solar, and back-up power,” he wrote in a report released Sunday.\nDorsheimer is bullish, but feeling a little down lately. He still rates the stock Buy, but he cut his price target to $812 from $974 in his report. Among other things, he is disappointed by battery delays. Tesla is planning to use larger battery cells that promise better range, charge time, and costs. Those batteries aren’t available yet.\nLooking a little further back, Goldman Sachs analyst Mark Delaney was watching Tesla’s Model S Plaid delivery event last week. The Plaid can go zero to 60 miles per hour in less than two seconds. Delaney was impressed by the technology, but pointed out the Plaid, at roughly $130,000, is a niche vehicle. He is looking for 2021 deliveries to exceed expectations. Delaney is modeling 875,000 vehicles for Tesla in 2021. The Wall Street consensus number is closer to 825,000.\nDelaney rates shares Buy and has an $860 price target.\nNew production ramping up, strong deliveries, and a growing solar business is what these three will watch for in coming months. If all goes well, those catalysts should be enough to drive Tesla stock higher, as long as there is no bad news in the meantime.\nTesla stock was down 3% to $599.36 on Tuesday, and down slightly for the week.","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":2789,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":169356428,"gmtCreate":1623818386464,"gmtModify":1634027605675,"author":{"id":"3575411084229708","authorId":"3575411084229708","name":"PartTime","avatar":"https://static.tigerbbs.com/208e5dfc2c4aed98bcd7ace55fe91613","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575411084229708","authorIdStr":"3575411084229708"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/169356428","repostId":"1104356504","repostType":4,"repost":{"id":"1104356504","kind":"news","pubTimestamp":1623810135,"share":"https://www.laohu8.com/m/news/1104356504?lang=zh_CN&edition=full","pubTime":"2021-06-16 10:22","market":"us","language":"en","title":"Could Amazon Stock Become A Dividend Payer Soon?<blockquote>亚马逊股票很快就会成为股息支付者吗？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1104356504","media":"TheStreet","summary":"Amazon stock does not currently offer investors dividend payments, but could it? The Amazon Maven di","content":"<p>Amazon stock does not currently offer investors dividend payments, but could it? The Amazon Maven discusses the possibilities and the challenges.</p><p><blockquote>亚马逊股票目前不向投资者提供股息支付，但可以吗？Amazon Maven讨论了可能性和挑战。</blockquote></p><p> In the value-to-growth spectrum, Amazon stock can be safely categorized as the latter. The company has been growing revenues at a robust annual pace of 25% over the past decade, and shares trade at a rich 60 times current-year earnings.</p><p><blockquote>在价值与增长的范围内，亚马逊股票可以安全地归类为后者。过去十年，该公司的收入一直以每年25%的强劲速度增长，其股价是当年市盈率的60倍。</blockquote></p><p> It is unusual for growth stocks to pay a dividend, since much of the cash produced is reinvested in the business. But could the cloud and e-commerce giant begin to distribute dividends to its shareholders in the foreseeable future, possibly unlocking value as the stock becomes more appealing for dividend investors?</p><p><blockquote>成长型股票支付股息是不寻常的，因为产生的大部分现金都被再投资于企业。但这家云和电子商务巨头能否在可预见的未来开始向股东分配股息，并随着股票对股息投资者变得更具吸引力而释放价值？</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2aa9a3c7d62d3545e4552311ce166300\" tg-width=\"1180\" tg-height=\"640\"><span>Figure 1: Amazon's fulfilment center.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图1：亚马逊的履行中心。</span></p></blockquote></p><p> <b>Cash is not a problem</b></p><p><blockquote><b>现金不是问题</b></blockquote></p><p> On its path to world domination, Amazon has been performing superbly in the past several years. The company’s&nbsp;financial results improved even further&nbsp;during the pandemic year, as secular trends in online retail and cloud adoption accelerated.</p><p><blockquote>在统治世界的道路上，亚马逊在过去几年中表现出色。随着在线零售和云采用的长期趋势加速，该公司的财务业绩在大流行期间进一步改善。</blockquote></p><p> The chart below shows how Amazon’s cash from operations spiked from less than $4 billion in 2011 to $17 billion five years later and a whopping $66 billion in 2020. The 33% annualized growth rate has been even higher than the pace of revenue increase, as the business gains scale and margins expand.</p><p><blockquote>下图显示了亚马逊的运营现金如何从2011年的不到40亿美元飙升至五年后的170亿美元，并在2020年达到660亿美元。随着业务规模的扩大和利润率的扩大，33%的年化增长率甚至高于收入增长的速度。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/105e7f746a6e633b727605f3347a27c1\" tg-width=\"646\" tg-height=\"389\"><span>Figure 2: Amazon's annual CFOA vs. Capex and cash M&amp;A</span></p><p><blockquote><p class=\"t-img-caption\"><span>图2：亚马逊年度CFOA与资本支出和现金并购</span></p></blockquote></p><p> However, Amazon’s cash appetite has also grown alongside cash flow generated. The most important source of cash consumption has been capex – capital investments in things like distribution facilities and data centers. The orange line above represents capex plus cash M&amp;A activity, which has been historically modest, but that has increased fast since the 2017 acquisition of Whole Foods.</p><p><blockquote>然而，亚马逊的现金胃口也随着现金流的产生而增长。现金消费最重要的来源是资本支出——对配送设施和数据中心等的资本投资。上面的橙色线代表资本支出加现金并购活动，该活动历来不大，但自2017年收购全食超市以来，该活动迅速增加。</blockquote></p><p> The graph above makes it clear that Amazon has not had a cash problem. At the same time, it suggests that the company’s lavish cash inflow has been finding good use within Amazon itself.</p><p><blockquote>上图清楚地表明，亚马逊没有现金问题。与此同时，这表明该公司丰厚的现金流入在亚马逊内部得到了很好的利用。</blockquote></p><p> <b>Dividend is unlikely for now</b></p><p><blockquote><b>目前不太可能派息</b></blockquote></p><p> One could reasonably argue that, despite the reinvestments in the business, Amazon would still be able to distribute some of its cash to shareholders in the form of dividends (the company barely buys back any of its shares currently).</p><p><blockquote>人们可以合理地认为，尽管对该业务进行了再投资，但亚马逊仍然能够以股息的形式向股东分配部分现金（该公司目前几乎不回购任何股票）。</blockquote></p><p> The gap between cash from operations and capex plus M&amp;A in 2020 amounted to $37 per share, the equivalent of over 1% of Amazon stock’s value – think of it as a “potential dividend yield” of 1% or more. Even if the company were not able to sustain such dividend through operations only, which it likely could, Amazon would still have access to cheap debt financing to cover any potential shortfalls.</p><p><blockquote>2020年，运营现金与资本支出加上并购之间的差距达到每股37美元，相当于亚马逊股票价值的1%以上——可以将其视为1%或更高的“潜在股息收益率”。即使该公司无法仅通过运营来维持这样的股息（它很可能可以），亚马逊仍然可以获得廉价的债务融资来弥补任何潜在的短缺。</blockquote></p><p> Yet, I find it unlikely that Amazon will consider paying a dividend soon, even after&nbsp;next month’s CEO transition. Growth opportunities in e-commerce, cloud and tech products and services still seem plentiful, and the Seattle-based company is more likely to remain true to its growth DNA for now.</p><p><blockquote>然而，我发现亚马逊不太可能很快考虑支付股息，即使在下个月的首席执行官换届之后。电子商务、云和科技产品及服务的增长机会似乎仍然很多，这家总部位于西雅图的公司目前更有可能保持其增长DNA。</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>Could Amazon Stock Become A Dividend Payer Soon?<blockquote>亚马逊股票很快就会成为股息支付者吗？</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\">\nCould Amazon Stock Become A Dividend Payer Soon?<blockquote>亚马逊股票很快就会成为股息支付者吗？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">TheStreet</strong><span class=\"h-time small\">2021-06-16 10:22</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Amazon stock does not currently offer investors dividend payments, but could it? The Amazon Maven discusses the possibilities and the challenges.</p><p><blockquote>亚马逊股票目前不向投资者提供股息支付，但可以吗？Amazon Maven讨论了可能性和挑战。</blockquote></p><p> In the value-to-growth spectrum, Amazon stock can be safely categorized as the latter. The company has been growing revenues at a robust annual pace of 25% over the past decade, and shares trade at a rich 60 times current-year earnings.</p><p><blockquote>在价值与增长的范围内，亚马逊股票可以安全地归类为后者。过去十年，该公司的收入一直以每年25%的强劲速度增长，其股价是当年市盈率的60倍。</blockquote></p><p> It is unusual for growth stocks to pay a dividend, since much of the cash produced is reinvested in the business. But could the cloud and e-commerce giant begin to distribute dividends to its shareholders in the foreseeable future, possibly unlocking value as the stock becomes more appealing for dividend investors?</p><p><blockquote>成长型股票支付股息是不寻常的，因为产生的大部分现金都被再投资于企业。但这家云和电子商务巨头能否在可预见的未来开始向股东分配股息，并随着股票对股息投资者变得更具吸引力而释放价值？</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2aa9a3c7d62d3545e4552311ce166300\" tg-width=\"1180\" tg-height=\"640\"><span>Figure 1: Amazon's fulfilment center.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图1：亚马逊的履行中心。</span></p></blockquote></p><p> <b>Cash is not a problem</b></p><p><blockquote><b>现金不是问题</b></blockquote></p><p> On its path to world domination, Amazon has been performing superbly in the past several years. The company’s&nbsp;financial results improved even further&nbsp;during the pandemic year, as secular trends in online retail and cloud adoption accelerated.</p><p><blockquote>在统治世界的道路上，亚马逊在过去几年中表现出色。随着在线零售和云采用的长期趋势加速，该公司的财务业绩在大流行期间进一步改善。</blockquote></p><p> The chart below shows how Amazon’s cash from operations spiked from less than $4 billion in 2011 to $17 billion five years later and a whopping $66 billion in 2020. The 33% annualized growth rate has been even higher than the pace of revenue increase, as the business gains scale and margins expand.</p><p><blockquote>下图显示了亚马逊的运营现金如何从2011年的不到40亿美元飙升至五年后的170亿美元，并在2020年达到660亿美元。随着业务规模的扩大和利润率的扩大，33%的年化增长率甚至高于收入增长的速度。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/105e7f746a6e633b727605f3347a27c1\" tg-width=\"646\" tg-height=\"389\"><span>Figure 2: Amazon's annual CFOA vs. Capex and cash M&amp;A</span></p><p><blockquote><p class=\"t-img-caption\"><span>图2：亚马逊年度CFOA与资本支出和现金并购</span></p></blockquote></p><p> However, Amazon’s cash appetite has also grown alongside cash flow generated. The most important source of cash consumption has been capex – capital investments in things like distribution facilities and data centers. The orange line above represents capex plus cash M&amp;A activity, which has been historically modest, but that has increased fast since the 2017 acquisition of Whole Foods.</p><p><blockquote>然而，亚马逊的现金胃口也随着现金流的产生而增长。现金消费最重要的来源是资本支出——对配送设施和数据中心等的资本投资。上面的橙色线代表资本支出加现金并购活动，该活动历来不大，但自2017年收购全食超市以来，该活动迅速增加。</blockquote></p><p> The graph above makes it clear that Amazon has not had a cash problem. At the same time, it suggests that the company’s lavish cash inflow has been finding good use within Amazon itself.</p><p><blockquote>上图清楚地表明，亚马逊没有现金问题。与此同时，这表明该公司丰厚的现金流入在亚马逊内部得到了很好的利用。</blockquote></p><p> <b>Dividend is unlikely for now</b></p><p><blockquote><b>目前不太可能派息</b></blockquote></p><p> One could reasonably argue that, despite the reinvestments in the business, Amazon would still be able to distribute some of its cash to shareholders in the form of dividends (the company barely buys back any of its shares currently).</p><p><blockquote>人们可以合理地认为，尽管对该业务进行了再投资，但亚马逊仍然能够以股息的形式向股东分配部分现金（该公司目前几乎不回购任何股票）。</blockquote></p><p> The gap between cash from operations and capex plus M&amp;A in 2020 amounted to $37 per share, the equivalent of over 1% of Amazon stock’s value – think of it as a “potential dividend yield” of 1% or more. Even if the company were not able to sustain such dividend through operations only, which it likely could, Amazon would still have access to cheap debt financing to cover any potential shortfalls.</p><p><blockquote>2020年，运营现金与资本支出加上并购之间的差距达到每股37美元，相当于亚马逊股票价值的1%以上——可以将其视为1%或更高的“潜在股息收益率”。即使该公司无法仅通过运营来维持这样的股息（它很可能可以），亚马逊仍然可以获得廉价的债务融资来弥补任何潜在的短缺。</blockquote></p><p> Yet, I find it unlikely that Amazon will consider paying a dividend soon, even after&nbsp;next month’s CEO transition. Growth opportunities in e-commerce, cloud and tech products and services still seem plentiful, and the Seattle-based company is more likely to remain true to its growth DNA for now.</p><p><blockquote>然而，我发现亚马逊不太可能很快考虑支付股息，即使在下个月的首席执行官换届之后。电子商务、云和科技产品及服务的增长机会似乎仍然很多，这家总部位于西雅图的公司目前更有可能保持其增长DNA。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.thestreet.com/amazon/stock/could-amazon-stock-become-dividend-payer-soon\">TheStreet</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊"},"source_url":"https://www.thestreet.com/amazon/stock/could-amazon-stock-become-dividend-payer-soon","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1104356504","content_text":"Amazon stock does not currently offer investors dividend payments, but could it? The Amazon Maven discusses the possibilities and the challenges.\nIn the value-to-growth spectrum, Amazon stock can be safely categorized as the latter. The company has been growing revenues at a robust annual pace of 25% over the past decade, and shares trade at a rich 60 times current-year earnings.\nIt is unusual for growth stocks to pay a dividend, since much of the cash produced is reinvested in the business. But could the cloud and e-commerce giant begin to distribute dividends to its shareholders in the foreseeable future, possibly unlocking value as the stock becomes more appealing for dividend investors?\nFigure 1: Amazon's fulfilment center.\nCash is not a problem\nOn its path to world domination, Amazon has been performing superbly in the past several years. The company’s financial results improved even further during the pandemic year, as secular trends in online retail and cloud adoption accelerated.\nThe chart below shows how Amazon’s cash from operations spiked from less than $4 billion in 2011 to $17 billion five years later and a whopping $66 billion in 2020. The 33% annualized growth rate has been even higher than the pace of revenue increase, as the business gains scale and margins expand.\nFigure 2: Amazon's annual CFOA vs. Capex and cash M&A\nHowever, Amazon’s cash appetite has also grown alongside cash flow generated. The most important source of cash consumption has been capex – capital investments in things like distribution facilities and data centers. The orange line above represents capex plus cash M&A activity, which has been historically modest, but that has increased fast since the 2017 acquisition of Whole Foods.\nThe graph above makes it clear that Amazon has not had a cash problem. At the same time, it suggests that the company’s lavish cash inflow has been finding good use within Amazon itself.\nDividend is unlikely for now\nOne could reasonably argue that, despite the reinvestments in the business, Amazon would still be able to distribute some of its cash to shareholders in the form of dividends (the company barely buys back any of its shares currently).\nThe gap between cash from operations and capex plus M&A in 2020 amounted to $37 per share, the equivalent of over 1% of Amazon stock’s value – think of it as a “potential dividend yield” of 1% or more. Even if the company were not able to sustain such dividend through operations only, which it likely could, Amazon would still have access to cheap debt financing to cover any potential shortfalls.\nYet, I find it unlikely that Amazon will consider paying a dividend soon, even after next month’s CEO transition. Growth opportunities in e-commerce, cloud and tech products and services still seem plentiful, and the Seattle-based company is more likely to remain true to its growth DNA for 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days","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/162764798","isVote":1,"tweetType":1,"viewCount":1841,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":169352978,"gmtCreate":1623818425594,"gmtModify":1634027605307,"author":{"id":"3575411084229708","authorId":"3575411084229708","name":"PartTime","avatar":"https://static.tigerbbs.com/208e5dfc2c4aed98bcd7ace55fe91613","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575411084229708","idStr":"3575411084229708"},"themes":[],"htmlText":"Very nice","listText":"Very nice","text":"Very nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/169352978","repostId":"1105892749","repostType":4,"repost":{"id":"1105892749","kind":"news","pubTimestamp":1623809672,"share":"https://www.laohu8.com/m/news/1105892749?lang=zh_CN&edition=full","pubTime":"2021-06-16 10:14","market":"us","language":"en","title":"Tesla Bulls Look for Stock Catalysts. They Found Three.<blockquote>特斯拉多头寻找股票催化剂。他们找到了三个。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1105892749","media":"Barrons","summary":"Weak performance from Tesla stock has bullish analysts feeling disappointed these days. They are looking for catalysts to break shares out of their recent funk.That performance is flummoxing Tesla bulls. “Let’s begin with a healthy dose of intellectual honesty on the starting point for the stock,” writes Morgan Stanley analyst Adam Jonas in a Monday evening report. He is a Tesla bull rating shares Buy. His price target for the stock is $900 a share, almost 50% higher than recent levels. “Even bu","content":"<p>Weak performance from Tesla stock has bullish analysts feeling disappointed these days. They are looking for catalysts to break shares out of their recent funk.</p><p><blockquote>特斯拉股票的疲软表现让看涨分析师最近感到失望。他们正在寻找催化剂，使股价摆脱最近的恐慌。</blockquote></p><p> Tesla stock (ticker: TSLA) is down about 15% year to date and off about 50% from its January 52-week high of $900.40. Tesla has ceded leadership—from a stock perspective—back to traditional auto makers: General Motors (GM) and Ford Motor (F) shares are up 45% and 70% year to date, respectively.</p><p><blockquote>特斯拉股价（股票代码：TSLA）今年迄今已下跌约15%，较1月份52周高点900.40美元下跌约50%。从股票角度来看，特斯拉已经将领导权让给了传统汽车制造商：通用汽车(GM)和福特汽车(F)的股价今年迄今分别上涨了45%和70%。</blockquote></p><p> That performance is flummoxing Tesla bulls. “Let’s begin with a healthy dose of intellectual honesty on the starting point for the stock,” writes Morgan Stanley analyst&nbsp;Adam Jonas&nbsp;in a Monday evening report. He is a Tesla bull rating shares Buy. His price target for the stock is $900 a share, almost 50% higher than recent levels. “Even bulls should admit that the rise in the stock price during the second half of 2020, while perhaps deserved in principle, was packed into a&nbsp;highly concentrated&nbsp;time frame,” he writes.</p><p><blockquote>这一表现让特斯拉多头感到困惑。摩根士丹利分析师亚当·乔纳斯(Adam Jonas)在周一晚间的一份报告中写道：“让我们从该股的起点开始，以健康的智力诚实开始。”他是特斯拉股票买入的牛市评级。他对该股的目标价为每股900美元，比近期水平高出近50%。他写道：“即使是多头也应该承认，2020年下半年股价的上涨虽然原则上也许是理所应当的，但却是在一个高度集中的时间框架内进行的。”</blockquote></p><p> Tesla shares rose 227% in the second half of 2020, buoyed by strong earnings, strong deliveries, and the stock’s inclusion in the&nbsp;S&amp;P 500.</p><p><blockquote>受强劲盈利、强劲交付以及该股被纳入标准普尔500指数的提振，特斯拉股价在2020年下半年上涨了227%。</blockquote></p><p> “The stock had the better part of five years-worth of performance packed into about five month,” Jonas adds. He says his clients are now looking for the next big thing that can drive the stock forward again. His ideas include capacity expansion in Texas and Germany. After that, he predicts Tesla will open up five more plants between now and the middle of this decade.</p><p><blockquote>乔纳斯补充道：“该股五年的大部分表现都集中在大约五个月内。”他说，他的客户现在正在寻找下一个可以推动股票再次上涨的大事件。他的想法包括在德克萨斯州和德国扩大产能。此后，他预测从现在到本世纪中期，特斯拉将再开设五家工厂。</blockquote></p><p> Jonas is also looking for Tesla to unveil another new vehicle model. By his estimation, Tesla covers only about 15% of the total addressable market for the auto industry with its Y, X, 3, and S models. Model expansion will be a positive. That isn’t on the near-term horizon, though the company is due to deliver its Cybertruck later in 2021.</p><p><blockquote>Jonas还希望特斯拉推出另一款新车型。据他估计，特斯拉的Y、X、3和S车型仅占汽车行业总潜在市场的15%左右。模型扩展将是积极的。尽管该公司将于2021年晚些时候交付其Cybertruck，但这并不是近期的事情。</blockquote></p><p> Canaccord analyst&nbsp;Jonathan Dorsheimer&nbsp;is looking in a different area for a catalyst: residential solar power. Part of the reason he is bullish is that “Tesla is creating an energy brand and an Apple-esque ecosystem of products with customer focused connectivity, seamlessly marrying car, solar, and back-up power,” he wrote in a report released Sunday.</p><p><blockquote>Canaccord分析师Jonathan Dorsheimer正在另一个领域寻找催化剂：住宅太阳能。他看好的部分原因是“特斯拉正在创建一个能源品牌和一个苹果式的产品生态系统，具有以客户为中心的连接，将汽车、太阳能和备用电源无缝结合，”他在周日发布的一份报告中写道。</blockquote></p><p> Dorsheimer is bullish, but feeling a little down lately. He still rates the stock Buy, but he cut his&nbsp;price target&nbsp;to $812 from $974 in his report. Among other things, he is disappointed by battery delays. Tesla is planning to use larger battery cells that promise better range, charge time, and costs. Those batteries aren’t available yet.</p><p><blockquote>多斯海默很乐观，但最近感觉有点沮丧。他仍将该股评级为买入，但在报告中将目标价从974美元下调至812美元。除此之外，他对电池延迟感到失望。特斯拉正计划使用更大的电池，以保证更好的续航里程、充电时间和成本。那些电池还没有上市。</blockquote></p><p> Looking a little further back, Goldman Sachs analyst&nbsp;Mark Delaney&nbsp;was watching Tesla’s Model S Plaid delivery event last week. The Plaid can go zero to 60 miles per hour in less than two seconds. Delaney was impressed by the technology, but pointed out the Plaid, at roughly $130,000, is a niche vehicle. He is looking for 2021 deliveries to exceed expectations. Delaney is modeling 875,000 vehicles for Tesla in 2021. The Wall Street consensus number is closer to 825,000.</p><p><blockquote>再往前看，高盛分析师Mark Delaney上周观看了特斯拉Model S Plaid交付活动。格子可以在不到两秒钟的时间内从零加速到60英里/小时。德莱尼对这项技术印象深刻，但指出售价约13万美元的Plaid是一款小众汽车。他希望2021年的交付量能够超出预期。德莱尼将在2021年为特斯拉设计875,000辆汽车。华尔街的共识数字更接近82.5万。</blockquote></p><p> Delaney rates shares Buy and has an $860 price target.</p><p><blockquote>德莱尼将股票评级为买入，目标价为860美元。</blockquote></p><p> New production ramping up, strong deliveries, and a growing solar business is what these three will watch for in coming months. If all goes well, those catalysts should be enough to drive Tesla stock higher, as long as there is no bad news in the meantime.</p><p><blockquote>新产量的增加、强劲的交付量和不断增长的太阳能业务是这三家公司未来几个月将关注的焦点。如果一切顺利，只要同时没有坏消息，这些催化剂应该足以推动特斯拉股价走高。</blockquote></p><p> Tesla stock was down 3%&nbsp;to $599.36&nbsp;on&nbsp;Tuesday, and down slightly for the week.</p><p><blockquote>特斯拉股价周二下跌3%，至599.36美元，本周小幅下跌。</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>Tesla Bulls Look for Stock Catalysts. They Found Three.<blockquote>特斯拉多头寻找股票催化剂。他们找到了三个。</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla Bulls Look for Stock Catalysts. They Found Three.<blockquote>特斯拉多头寻找股票催化剂。他们找到了三个。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-06-16 10:14</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Weak performance from Tesla stock has bullish analysts feeling disappointed these days. They are looking for catalysts to break shares out of their recent funk.</p><p><blockquote>特斯拉股票的疲软表现让看涨分析师最近感到失望。他们正在寻找催化剂，使股价摆脱最近的恐慌。</blockquote></p><p> Tesla stock (ticker: TSLA) is down about 15% year to date and off about 50% from its January 52-week high of $900.40. Tesla has ceded leadership—from a stock perspective—back to traditional auto makers: General Motors (GM) and Ford Motor (F) shares are up 45% and 70% year to date, respectively.</p><p><blockquote>特斯拉股价（股票代码：TSLA）今年迄今已下跌约15%，较1月份52周高点900.40美元下跌约50%。从股票角度来看，特斯拉已经将领导权让给了传统汽车制造商：通用汽车(GM)和福特汽车(F)的股价今年迄今分别上涨了45%和70%。</blockquote></p><p> That performance is flummoxing Tesla bulls. “Let’s begin with a healthy dose of intellectual honesty on the starting point for the stock,” writes Morgan Stanley analyst&nbsp;Adam Jonas&nbsp;in a Monday evening report. He is a Tesla bull rating shares Buy. His price target for the stock is $900 a share, almost 50% higher than recent levels. “Even bulls should admit that the rise in the stock price during the second half of 2020, while perhaps deserved in principle, was packed into a&nbsp;highly concentrated&nbsp;time frame,” he writes.</p><p><blockquote>这一表现让特斯拉多头感到困惑。摩根士丹利分析师亚当·乔纳斯(Adam Jonas)在周一晚间的一份报告中写道：“让我们从该股的起点开始，以健康的智力诚实开始。”他是特斯拉股票买入的牛市评级。他对该股的目标价为每股900美元，比近期水平高出近50%。他写道：“即使是多头也应该承认，2020年下半年股价的上涨虽然原则上也许是理所应当的，但却是在一个高度集中的时间框架内进行的。”</blockquote></p><p> Tesla shares rose 227% in the second half of 2020, buoyed by strong earnings, strong deliveries, and the stock’s inclusion in the&nbsp;S&amp;P 500.</p><p><blockquote>受强劲盈利、强劲交付以及该股被纳入标准普尔500指数的提振，特斯拉股价在2020年下半年上涨了227%。</blockquote></p><p> “The stock had the better part of five years-worth of performance packed into about five month,” Jonas adds. He says his clients are now looking for the next big thing that can drive the stock forward again. His ideas include capacity expansion in Texas and Germany. After that, he predicts Tesla will open up five more plants between now and the middle of this decade.</p><p><blockquote>乔纳斯补充道：“该股五年的大部分表现都集中在大约五个月内。”他说，他的客户现在正在寻找下一个可以推动股票再次上涨的大事件。他的想法包括在德克萨斯州和德国扩大产能。此后，他预测从现在到本世纪中期，特斯拉将再开设五家工厂。</blockquote></p><p> Jonas is also looking for Tesla to unveil another new vehicle model. By his estimation, Tesla covers only about 15% of the total addressable market for the auto industry with its Y, X, 3, and S models. Model expansion will be a positive. That isn’t on the near-term horizon, though the company is due to deliver its Cybertruck later in 2021.</p><p><blockquote>Jonas还希望特斯拉推出另一款新车型。据他估计，特斯拉的Y、X、3和S车型仅占汽车行业总潜在市场的15%左右。模型扩展将是积极的。尽管该公司将于2021年晚些时候交付其Cybertruck，但这并不是近期的事情。</blockquote></p><p> Canaccord analyst&nbsp;Jonathan Dorsheimer&nbsp;is looking in a different area for a catalyst: residential solar power. Part of the reason he is bullish is that “Tesla is creating an energy brand and an Apple-esque ecosystem of products with customer focused connectivity, seamlessly marrying car, solar, and back-up power,” he wrote in a report released Sunday.</p><p><blockquote>Canaccord分析师Jonathan Dorsheimer正在另一个领域寻找催化剂：住宅太阳能。他看好的部分原因是“特斯拉正在创建一个能源品牌和一个苹果式的产品生态系统，具有以客户为中心的连接，将汽车、太阳能和备用电源无缝结合，”他在周日发布的一份报告中写道。</blockquote></p><p> Dorsheimer is bullish, but feeling a little down lately. He still rates the stock Buy, but he cut his&nbsp;price target&nbsp;to $812 from $974 in his report. Among other things, he is disappointed by battery delays. Tesla is planning to use larger battery cells that promise better range, charge time, and costs. Those batteries aren’t available yet.</p><p><blockquote>多斯海默很乐观，但最近感觉有点沮丧。他仍将该股评级为买入，但在报告中将目标价从974美元下调至812美元。除此之外，他对电池延迟感到失望。特斯拉正计划使用更大的电池，以保证更好的续航里程、充电时间和成本。那些电池还没有上市。</blockquote></p><p> Looking a little further back, Goldman Sachs analyst&nbsp;Mark Delaney&nbsp;was watching Tesla’s Model S Plaid delivery event last week. The Plaid can go zero to 60 miles per hour in less than two seconds. Delaney was impressed by the technology, but pointed out the Plaid, at roughly $130,000, is a niche vehicle. He is looking for 2021 deliveries to exceed expectations. Delaney is modeling 875,000 vehicles for Tesla in 2021. The Wall Street consensus number is closer to 825,000.</p><p><blockquote>再往前看，高盛分析师Mark Delaney上周观看了特斯拉Model S Plaid交付活动。格子可以在不到两秒钟的时间内从零加速到60英里/小时。德莱尼对这项技术印象深刻，但指出售价约13万美元的Plaid是一款小众汽车。他希望2021年的交付量能够超出预期。德莱尼将在2021年为特斯拉设计875,000辆汽车。华尔街的共识数字更接近82.5万。</blockquote></p><p> Delaney rates shares Buy and has an $860 price target.</p><p><blockquote>德莱尼将股票评级为买入，目标价为860美元。</blockquote></p><p> New production ramping up, strong deliveries, and a growing solar business is what these three will watch for in coming months. If all goes well, those catalysts should be enough to drive Tesla stock higher, as long as there is no bad news in the meantime.</p><p><blockquote>新产量的增加、强劲的交付量和不断增长的太阳能业务是这三家公司未来几个月将关注的焦点。如果一切顺利，只要同时没有坏消息，这些催化剂应该足以推动特斯拉股价走高。</blockquote></p><p> Tesla stock was down 3%&nbsp;to $599.36&nbsp;on&nbsp;Tuesday, and down slightly for the week.</p><p><blockquote>特斯拉股价周二下跌3%，至599.36美元，本周小幅下跌。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/tesla-bulls-look-for-stock-catalysts-they-found-three-51623774479?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-bulls-look-for-stock-catalysts-they-found-three-51623774479?mod=RTA","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1105892749","content_text":"Weak performance from Tesla stock has bullish analysts feeling disappointed these days. They are looking for catalysts to break shares out of their recent funk.\nTesla stock (ticker: TSLA) is down about 15% year to date and off about 50% from its January 52-week high of $900.40. Tesla has ceded leadership—from a stock perspective—back to traditional auto makers: General Motors (GM) and Ford Motor (F) shares are up 45% and 70% year to date, respectively.\nThat performance is flummoxing Tesla bulls. “Let’s begin with a healthy dose of intellectual honesty on the starting point for the stock,” writes Morgan Stanley analyst Adam Jonas in a Monday evening report. He is a Tesla bull rating shares Buy. His price target for the stock is $900 a share, almost 50% higher than recent levels. “Even bulls should admit that the rise in the stock price during the second half of 2020, while perhaps deserved in principle, was packed into a highly concentrated time frame,” he writes.\nTesla shares rose 227% in the second half of 2020, buoyed by strong earnings, strong deliveries, and the stock’s inclusion in the S&P 500.\n“The stock had the better part of five years-worth of performance packed into about five month,” Jonas adds. He says his clients are now looking for the next big thing that can drive the stock forward again. His ideas include capacity expansion in Texas and Germany. After that, he predicts Tesla will open up five more plants between now and the middle of this decade.\nJonas is also looking for Tesla to unveil another new vehicle model. By his estimation, Tesla covers only about 15% of the total addressable market for the auto industry with its Y, X, 3, and S models. Model expansion will be a positive. That isn’t on the near-term horizon, though the company is due to deliver its Cybertruck later in 2021.\nCanaccord analyst Jonathan Dorsheimer is looking in a different area for a catalyst: residential solar power. Part of the reason he is bullish is that “Tesla is creating an energy brand and an Apple-esque ecosystem of products with customer focused connectivity, seamlessly marrying car, solar, and back-up power,” he wrote in a report released Sunday.\nDorsheimer is bullish, but feeling a little down lately. He still rates the stock Buy, but he cut his price target to $812 from $974 in his report. Among other things, he is disappointed by battery delays. Tesla is planning to use larger battery cells that promise better range, charge time, and costs. Those batteries aren’t available yet.\nLooking a little further back, Goldman Sachs analyst Mark Delaney was watching Tesla’s Model S Plaid delivery event last week. The Plaid can go zero to 60 miles per hour in less than two seconds. Delaney was impressed by the technology, but pointed out the Plaid, at roughly $130,000, is a niche vehicle. He is looking for 2021 deliveries to exceed expectations. Delaney is modeling 875,000 vehicles for Tesla in 2021. The Wall Street consensus number is closer to 825,000.\nDelaney rates shares Buy and has an $860 price target.\nNew production ramping up, strong deliveries, and a growing solar business is what these three will watch for in coming months. If all goes well, those catalysts should be enough to drive Tesla stock higher, as long as there is no bad news in the meantime.\nTesla stock was down 3% to $599.36 on Tuesday, and down slightly for the week.","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":2789,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":169356428,"gmtCreate":1623818386464,"gmtModify":1634027605675,"author":{"id":"3575411084229708","authorId":"3575411084229708","name":"PartTime","avatar":"https://static.tigerbbs.com/208e5dfc2c4aed98bcd7ace55fe91613","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575411084229708","idStr":"3575411084229708"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/169356428","repostId":"1104356504","repostType":4,"repost":{"id":"1104356504","kind":"news","pubTimestamp":1623810135,"share":"https://www.laohu8.com/m/news/1104356504?lang=zh_CN&edition=full","pubTime":"2021-06-16 10:22","market":"us","language":"en","title":"Could Amazon Stock Become A Dividend Payer Soon?<blockquote>亚马逊股票很快就会成为股息支付者吗？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1104356504","media":"TheStreet","summary":"Amazon stock does not currently offer investors dividend payments, but could it? The Amazon Maven di","content":"<p>Amazon stock does not currently offer investors dividend payments, but could it? The Amazon Maven discusses the possibilities and the challenges.</p><p><blockquote>亚马逊股票目前不向投资者提供股息支付，但可以吗？Amazon Maven讨论了可能性和挑战。</blockquote></p><p> In the value-to-growth spectrum, Amazon stock can be safely categorized as the latter. The company has been growing revenues at a robust annual pace of 25% over the past decade, and shares trade at a rich 60 times current-year earnings.</p><p><blockquote>在价值与增长的范围内，亚马逊股票可以安全地归类为后者。过去十年，该公司的收入一直以每年25%的强劲速度增长，其股价是当年市盈率的60倍。</blockquote></p><p> It is unusual for growth stocks to pay a dividend, since much of the cash produced is reinvested in the business. But could the cloud and e-commerce giant begin to distribute dividends to its shareholders in the foreseeable future, possibly unlocking value as the stock becomes more appealing for dividend investors?</p><p><blockquote>成长型股票支付股息是不寻常的，因为产生的大部分现金都被再投资于企业。但这家云和电子商务巨头能否在可预见的未来开始向股东分配股息，并随着股票对股息投资者变得更具吸引力而释放价值？</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2aa9a3c7d62d3545e4552311ce166300\" tg-width=\"1180\" tg-height=\"640\"><span>Figure 1: Amazon's fulfilment center.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图1：亚马逊的履行中心。</span></p></blockquote></p><p> <b>Cash is not a problem</b></p><p><blockquote><b>现金不是问题</b></blockquote></p><p> On its path to world domination, Amazon has been performing superbly in the past several years. The company’s&nbsp;financial results improved even further&nbsp;during the pandemic year, as secular trends in online retail and cloud adoption accelerated.</p><p><blockquote>在统治世界的道路上，亚马逊在过去几年中表现出色。随着在线零售和云采用的长期趋势加速，该公司的财务业绩在大流行期间进一步改善。</blockquote></p><p> The chart below shows how Amazon’s cash from operations spiked from less than $4 billion in 2011 to $17 billion five years later and a whopping $66 billion in 2020. The 33% annualized growth rate has been even higher than the pace of revenue increase, as the business gains scale and margins expand.</p><p><blockquote>下图显示了亚马逊的运营现金如何从2011年的不到40亿美元飙升至五年后的170亿美元，并在2020年达到660亿美元。随着业务规模的扩大和利润率的扩大，33%的年化增长率甚至高于收入增长的速度。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/105e7f746a6e633b727605f3347a27c1\" tg-width=\"646\" tg-height=\"389\"><span>Figure 2: Amazon's annual CFOA vs. Capex and cash M&amp;A</span></p><p><blockquote><p class=\"t-img-caption\"><span>图2：亚马逊年度CFOA与资本支出和现金并购</span></p></blockquote></p><p> However, Amazon’s cash appetite has also grown alongside cash flow generated. The most important source of cash consumption has been capex – capital investments in things like distribution facilities and data centers. The orange line above represents capex plus cash M&amp;A activity, which has been historically modest, but that has increased fast since the 2017 acquisition of Whole Foods.</p><p><blockquote>然而，亚马逊的现金胃口也随着现金流的产生而增长。现金消费最重要的来源是资本支出——对配送设施和数据中心等的资本投资。上面的橙色线代表资本支出加现金并购活动，该活动历来不大，但自2017年收购全食超市以来，该活动迅速增加。</blockquote></p><p> The graph above makes it clear that Amazon has not had a cash problem. At the same time, it suggests that the company’s lavish cash inflow has been finding good use within Amazon itself.</p><p><blockquote>上图清楚地表明，亚马逊没有现金问题。与此同时，这表明该公司丰厚的现金流入在亚马逊内部得到了很好的利用。</blockquote></p><p> <b>Dividend is unlikely for now</b></p><p><blockquote><b>目前不太可能派息</b></blockquote></p><p> One could reasonably argue that, despite the reinvestments in the business, Amazon would still be able to distribute some of its cash to shareholders in the form of dividends (the company barely buys back any of its shares currently).</p><p><blockquote>人们可以合理地认为，尽管对该业务进行了再投资，但亚马逊仍然能够以股息的形式向股东分配部分现金（该公司目前几乎不回购任何股票）。</blockquote></p><p> The gap between cash from operations and capex plus M&amp;A in 2020 amounted to $37 per share, the equivalent of over 1% of Amazon stock’s value – think of it as a “potential dividend yield” of 1% or more. Even if the company were not able to sustain such dividend through operations only, which it likely could, Amazon would still have access to cheap debt financing to cover any potential shortfalls.</p><p><blockquote>2020年，运营现金与资本支出加上并购之间的差距达到每股37美元，相当于亚马逊股票价值的1%以上——可以将其视为1%或更高的“潜在股息收益率”。即使该公司无法仅通过运营来维持这样的股息（它很可能可以），亚马逊仍然可以获得廉价的债务融资来弥补任何潜在的短缺。</blockquote></p><p> Yet, I find it unlikely that Amazon will consider paying a dividend soon, even after&nbsp;next month’s CEO transition. Growth opportunities in e-commerce, cloud and tech products and services still seem plentiful, and the Seattle-based company is more likely to remain true to its growth DNA for now.</p><p><blockquote>然而，我发现亚马逊不太可能很快考虑支付股息，即使在下个月的首席执行官换届之后。电子商务、云和科技产品及服务的增长机会似乎仍然很多，这家总部位于西雅图的公司目前更有可能保持其增长DNA。</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>Could Amazon Stock Become A Dividend Payer Soon?<blockquote>亚马逊股票很快就会成为股息支付者吗？</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\">\nCould Amazon Stock Become A Dividend Payer Soon?<blockquote>亚马逊股票很快就会成为股息支付者吗？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">TheStreet</strong><span class=\"h-time small\">2021-06-16 10:22</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Amazon stock does not currently offer investors dividend payments, but could it? The Amazon Maven discusses the possibilities and the challenges.</p><p><blockquote>亚马逊股票目前不向投资者提供股息支付，但可以吗？Amazon Maven讨论了可能性和挑战。</blockquote></p><p> In the value-to-growth spectrum, Amazon stock can be safely categorized as the latter. The company has been growing revenues at a robust annual pace of 25% over the past decade, and shares trade at a rich 60 times current-year earnings.</p><p><blockquote>在价值与增长的范围内，亚马逊股票可以安全地归类为后者。过去十年，该公司的收入一直以每年25%的强劲速度增长，其股价是当年市盈率的60倍。</blockquote></p><p> It is unusual for growth stocks to pay a dividend, since much of the cash produced is reinvested in the business. But could the cloud and e-commerce giant begin to distribute dividends to its shareholders in the foreseeable future, possibly unlocking value as the stock becomes more appealing for dividend investors?</p><p><blockquote>成长型股票支付股息是不寻常的，因为产生的大部分现金都被再投资于企业。但这家云和电子商务巨头能否在可预见的未来开始向股东分配股息，并随着股票对股息投资者变得更具吸引力而释放价值？</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2aa9a3c7d62d3545e4552311ce166300\" tg-width=\"1180\" tg-height=\"640\"><span>Figure 1: Amazon's fulfilment center.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图1：亚马逊的履行中心。</span></p></blockquote></p><p> <b>Cash is not a problem</b></p><p><blockquote><b>现金不是问题</b></blockquote></p><p> On its path to world domination, Amazon has been performing superbly in the past several years. The company’s&nbsp;financial results improved even further&nbsp;during the pandemic year, as secular trends in online retail and cloud adoption accelerated.</p><p><blockquote>在统治世界的道路上，亚马逊在过去几年中表现出色。随着在线零售和云采用的长期趋势加速，该公司的财务业绩在大流行期间进一步改善。</blockquote></p><p> The chart below shows how Amazon’s cash from operations spiked from less than $4 billion in 2011 to $17 billion five years later and a whopping $66 billion in 2020. The 33% annualized growth rate has been even higher than the pace of revenue increase, as the business gains scale and margins expand.</p><p><blockquote>下图显示了亚马逊的运营现金如何从2011年的不到40亿美元飙升至五年后的170亿美元，并在2020年达到660亿美元。随着业务规模的扩大和利润率的扩大，33%的年化增长率甚至高于收入增长的速度。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/105e7f746a6e633b727605f3347a27c1\" tg-width=\"646\" tg-height=\"389\"><span>Figure 2: Amazon's annual CFOA vs. Capex and cash M&amp;A</span></p><p><blockquote><p class=\"t-img-caption\"><span>图2：亚马逊年度CFOA与资本支出和现金并购</span></p></blockquote></p><p> However, Amazon’s cash appetite has also grown alongside cash flow generated. The most important source of cash consumption has been capex – capital investments in things like distribution facilities and data centers. The orange line above represents capex plus cash M&amp;A activity, which has been historically modest, but that has increased fast since the 2017 acquisition of Whole Foods.</p><p><blockquote>然而，亚马逊的现金胃口也随着现金流的产生而增长。现金消费最重要的来源是资本支出——对配送设施和数据中心等的资本投资。上面的橙色线代表资本支出加现金并购活动，该活动历来不大，但自2017年收购全食超市以来，该活动迅速增加。</blockquote></p><p> The graph above makes it clear that Amazon has not had a cash problem. At the same time, it suggests that the company’s lavish cash inflow has been finding good use within Amazon itself.</p><p><blockquote>上图清楚地表明，亚马逊没有现金问题。与此同时，这表明该公司丰厚的现金流入在亚马逊内部得到了很好的利用。</blockquote></p><p> <b>Dividend is unlikely for now</b></p><p><blockquote><b>目前不太可能派息</b></blockquote></p><p> One could reasonably argue that, despite the reinvestments in the business, Amazon would still be able to distribute some of its cash to shareholders in the form of dividends (the company barely buys back any of its shares currently).</p><p><blockquote>人们可以合理地认为，尽管对该业务进行了再投资，但亚马逊仍然能够以股息的形式向股东分配部分现金（该公司目前几乎不回购任何股票）。</blockquote></p><p> The gap between cash from operations and capex plus M&amp;A in 2020 amounted to $37 per share, the equivalent of over 1% of Amazon stock’s value – think of it as a “potential dividend yield” of 1% or more. Even if the company were not able to sustain such dividend through operations only, which it likely could, Amazon would still have access to cheap debt financing to cover any potential shortfalls.</p><p><blockquote>2020年，运营现金与资本支出加上并购之间的差距达到每股37美元，相当于亚马逊股票价值的1%以上——可以将其视为1%或更高的“潜在股息收益率”。即使该公司无法仅通过运营来维持这样的股息（它很可能可以），亚马逊仍然可以获得廉价的债务融资来弥补任何潜在的短缺。</blockquote></p><p> Yet, I find it unlikely that Amazon will consider paying a dividend soon, even after&nbsp;next month’s CEO transition. Growth opportunities in e-commerce, cloud and tech products and services still seem plentiful, and the Seattle-based company is more likely to remain true to its growth DNA for now.</p><p><blockquote>然而，我发现亚马逊不太可能很快考虑支付股息，即使在下个月的首席执行官换届之后。电子商务、云和科技产品及服务的增长机会似乎仍然很多，这家总部位于西雅图的公司目前更有可能保持其增长DNA。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.thestreet.com/amazon/stock/could-amazon-stock-become-dividend-payer-soon\">TheStreet</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊"},"source_url":"https://www.thestreet.com/amazon/stock/could-amazon-stock-become-dividend-payer-soon","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1104356504","content_text":"Amazon stock does not currently offer investors dividend payments, but could it? The Amazon Maven discusses the possibilities and the challenges.\nIn the value-to-growth spectrum, Amazon stock can be safely categorized as the latter. The company has been growing revenues at a robust annual pace of 25% over the past decade, and shares trade at a rich 60 times current-year earnings.\nIt is unusual for growth stocks to pay a dividend, since much of the cash produced is reinvested in the business. But could the cloud and e-commerce giant begin to distribute dividends to its shareholders in the foreseeable future, possibly unlocking value as the stock becomes more appealing for dividend investors?\nFigure 1: Amazon's fulfilment center.\nCash is not a problem\nOn its path to world domination, Amazon has been performing superbly in the past several years. The company’s financial results improved even further during the pandemic year, as secular trends in online retail and cloud adoption accelerated.\nThe chart below shows how Amazon’s cash from operations spiked from less than $4 billion in 2011 to $17 billion five years later and a whopping $66 billion in 2020. The 33% annualized growth rate has been even higher than the pace of revenue increase, as the business gains scale and margins expand.\nFigure 2: Amazon's annual CFOA vs. Capex and cash M&A\nHowever, Amazon’s cash appetite has also grown alongside cash flow generated. The most important source of cash consumption has been capex – capital investments in things like distribution facilities and data centers. The orange line above represents capex plus cash M&A activity, which has been historically modest, but that has increased fast since the 2017 acquisition of Whole Foods.\nThe graph above makes it clear that Amazon has not had a cash problem. At the same time, it suggests that the company’s lavish cash inflow has been finding good use within Amazon itself.\nDividend is unlikely for now\nOne could reasonably argue that, despite the reinvestments in the business, Amazon would still be able to distribute some of its cash to shareholders in the form of dividends (the company barely buys back any of its shares currently).\nThe gap between cash from operations and capex plus M&A in 2020 amounted to $37 per share, the equivalent of over 1% of Amazon stock’s value – think of it as a “potential dividend yield” of 1% or more. Even if the company were not able to sustain such dividend through operations only, which it likely could, Amazon would still have access to cheap debt financing to cover any potential shortfalls.\nYet, I find it unlikely that Amazon will consider paying a dividend soon, even after next month’s CEO transition. Growth opportunities in e-commerce, cloud and tech products and services still seem plentiful, and the Seattle-based company is more likely to remain true to its growth DNA for now.","news_type":1,"symbols_score_info":{"AMZN":0.9}},"isVote":1,"tweetType":1,"viewCount":1137,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":169359639,"gmtCreate":1623818188221,"gmtModify":1634027609229,"author":{"id":"3575411084229708","authorId":"3575411084229708","name":"PartTime","avatar":"https://static.tigerbbs.com/208e5dfc2c4aed98bcd7ace55fe91613","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575411084229708","idStr":"3575411084229708"},"themes":[],"htmlText":"Incredible","listText":"Incredible","text":"Incredible","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/169359639","isVote":1,"tweetType":1,"viewCount":401,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}