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Supersonia

Supersonia

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2021-07-18

Buy on dips?

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2021-09-03

Good leh

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2021-08-17

$GRAND VENTURE TECHNOLOGY LTD(JLB.SI)$wanna cry. At 134 never sell, now [流泪]

2021-08-17

Great news!

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2021-04-15

Tech stocks not been having a good run. Trade with care.

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2021-09-07

Time to look out

C3.ai: Brace Yourself For Landing, A Buy Point Is Coming Soon<blockquote>C3.ai：做好登陆准备，买点即将到来</blockquote>

2021-06-02

Buy the dips for healthcare stocks.

S&P 500 dips, as healthcare weighs; Dow ends higher<blockquote>随着医疗保健的压力，标普500下跌；道琼斯指数收高</blockquote>

2021-05-10

Trade with caution.

5 Unbeatable Stocks to Buy for a Biden Bull Market<blockquote>拜登牛市值得买入的 5 只无与伦比的股票</blockquote>

2021-10-31

Good idea

抱歉，原内容已删除

2021-09-17

Roller coaster ride again

Stocks fall slightly as investors brace for more September volatility<blockquote>投资者准备迎接 9 月份更大的波动，股市小幅下跌</blockquote>

去老虎APP查看更多动态

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21:59","market":"us","language":"en","title":"U.S. Economic Growth Revised Up to 2.1% in Third Quarter<blockquote>美国第三季度经济增长修正至2.1%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1122597693","media":"Bloomberg","summary":"(Bloomberg) -- U.S. economic growth in the third quarter was revised slightly higher, reflecting som","content":"<p><div> (Bloomberg) -- U.S. economic growth in the third quarter was revised slightly higher, reflecting somewhat stronger personal spending than previously estimated. Inflation-adjusted gross domestic ...</p><p><blockquote><div>（彭博社）——美国第三季度经济增长略有上调，反映出个人支出略高于之前的预期。通货膨胀调整后的国内生产总值……</div></blockquote></p><p>  <a href=\"https://finance.yahoo.com/news/u-economic-growth-revised-2-134318483.html\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://finance.yahoo.com/news/u-economic-growth-revised-2-134318483.html\">网页连接</a></blockquote></p><p></p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>U.S. Economic Growth Revised Up to 2.1% in Third Quarter<blockquote>美国第三季度经济增长修正至2.1%</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\">\nU.S. Economic Growth Revised Up to 2.1% in Third Quarter<blockquote>美国第三季度经济增长修正至2.1%</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Bloomberg</strong><span class=\"h-time small\">2021-11-24 21:59</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> (Bloomberg) -- U.S. economic growth in the third quarter was revised slightly higher, reflecting somewhat stronger personal spending than previously estimated. Inflation-adjusted gross domestic ...</p><p><blockquote><div>（彭博社）——美国第三季度经济增长略有上调，反映出个人支出略高于之前的预期。通货膨胀调整后的国内生产总值……</div></blockquote></p><p>  <a href=\"https://finance.yahoo.com/news/u-economic-growth-revised-2-134318483.html\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://finance.yahoo.com/news/u-economic-growth-revised-2-134318483.html\">网页连接</a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://finance.yahoo.com/news/u-economic-growth-revised-2-134318483.html\">Bloomberg</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":{".DJI":"道琼斯"},"source_url":"https://finance.yahoo.com/news/u-economic-growth-revised-2-134318483.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1122597693","content_text":"(Bloomberg) -- U.S. economic growth in the third quarter was revised slightly higher, reflecting somewhat stronger personal spending than previously estimated.\nInflation-adjusted gross domestic product increased at a 2.1% annualized rate during the period, compared with an initially reported 2%, Commerce Department data showed Wednesday. Consumer spending, which accounts for the majority of the economy, grew 1.7%.\nInventories added more than 2.1 percentage points to overall growth in the quarter. The median GDP estimate in a Bloomberg survey of economists had forecast a minor upward revision to 2.2%.\nThe report underscores how a combination of a surge in Covid-19 infections, supply shortages and labor constraints induced a sharp slowdown last quarter in personal consumption. Recent data, including stronger-than-expected October retail sales, suggest a re-acceleration of spending in the final three months of the year.\nHeadwinds remain, however. Rising prices and a collapse in consumer sentiment threaten to constrain household spending, and any worsening of the persistent transportation bottlenecks and supply chain challenges seen in recent months could further stifle growth.\nThe report also included the first read on business earnings for the period. Pretax corporate profits increased an annualized 4.3% from the prior quarter and were up nearly 21% from a year earlier. Amid rising labor and materials costs, companies have had great success in raising prices.","news_type":1,"symbols_score_info":{".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":2873,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":873984777,"gmtCreate":1636844700783,"gmtModify":1636844700961,"author":{"id":"3576108077327245","authorId":"3576108077327245","name":"Supersonia","avatar":"https://static.tigerbbs.com/a115d5d0552f7e483752e1d20f3c3723","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576108077327245","idStr":"3576108077327245"},"themes":[],"title":"","htmlText":"Can accumulate some","listText":"Can accumulate some","text":"Can accumulate some","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/873984777","repostId":"1129543601","repostType":4,"repost":{"id":"1129543601","kind":"news","pubTimestamp":1636770982,"share":"https://www.laohunote.com/m/news/1129543601?lang=zh_CN&edition=full","pubTime":"2021-11-13 10:36","market":"us","language":"en","title":"Palantir: Q3 Beat, Increased FCF, Raises Guidance But Sells Off Creating An Opportunity<blockquote>Palantir：第三季度超出预期，自由现金流增加，提高指引，但抛售创造机会</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1129543601","media":"Seeking Alpha","summary":"Summary\n\nPalantir delivered revenue growth QoQ of 36% while generating $119 million in FCF creating ","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Palantir delivered revenue growth QoQ of 36% while generating $119 million in FCF creating a 30% margin.</li>  <li>Palantir's commercial revenue increased 37%, and government revenue grew by 34% YoY in Q3 showing strong forward growth trends.</li>  <li>Palantir closed 54 deals in Q3 2021 with at least $1 million in contract value with 33 valued at $5+ million and 18 at $10+ million.</li>  <li>Palantir increases guidance again and expects 40% revenue growth YoY at $1.527 billion and $400 million in FCF up from the previous guidance increase of $300 million.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3fd5d395baf412802ef5e554f0efa64b\" tg-width=\"1536\" tg-height=\"1024\" width=\"100%\" height=\"auto\"><span>Andreas Rentz/Getty Images Entertainment</span></p><p><blockquote><ul><li>Palantir 的收入环比增长 36%，同时产生 1.19 亿美元的自由现金流，利润率为 30%。</li><li>Palantir 第三季度商业收入增长 37%，政府收入同比增长 34%，显示出强劲的前瞻性增长趋势。</li><li>Palantir在2021年第三季度完成了54笔交易，合同价值至少为100万美元，其中33笔价值超过500万美元，18笔价值超过1000万美元。</li><li>Palantir 再次上调指引，预计收入同比增长 40%，达到 15.27 亿美元，自由现金流较之前的 3 亿美元增长 4 亿美元。</li></ul><p class=\"t-img-caption\"><span>安德烈亚斯·伦茨/盖蒂图片社娱乐</span></p></blockquote></p><p> Some investors love to hate Palantir (PLTR), which was nicknamed a black box company in the past, while others absolutely love it because they believe PLTR's software is the future. In my previous article on PLTR, I stated that based on PLTR's current revenue trend, they were setting up to deliver $399.41 million in revenue for Q3 and $423.22 million of revenue in Q4. The consensus number was $386.56 million of revenue in Q3, and PLTR delivered $392.1 million and forecasted $418 million in Q4 2021. The reaction in premarket as the earnings call was being conducted was nothing but a sea of red as PLTR sharply declined, and each time a gap tried to fill, the next leg on the downward spiral started. The news wasn't even digested, yet people decided to either take profits, exit their position or lost faith in PLTR.</p><p><blockquote>一些投资者喜欢讨厌 Palantir (PLTR)，该公司过去被戏称为黑盒公司，而另一些投资者则绝对喜欢它，因为他们相信 PLTR 的软件是未来。在我之前关于 PLTR 的文章中，我表示，根据 PLTR 目前的收入趋势，他们计划在第三季度实现 3.9941 亿美元的收入，在第四季度实现 4.2322 亿美元的收入。第三季度的共识数字是3.8656亿美元的收入，PLTR在2021年第四季度实现了3.921亿美元的收入，预计为4.18亿美元。随着 PLTR 大幅下跌，盘前市场的反应只不过是一片红海，每次试图填补缺口时，螺旋式下降的下一阶段就开始了。这个消息甚至还没有被消化，但人们决定要么获利了结，要么平仓，要么对 PLTR 失去信心。</blockquote></p><p> What wasn't there to like in the earnings release to cause the sell-off that has been hovering in the -9.03% range? PLTR delivered 36% YoY revenue growth, added 34 new customers in Q3, and closed 54 deals worth $1 million or more. PLTR increased their remaining deal value by 50% YoY to $3.6 billion and delivered $101 million in cash from operations (26% margin), and $199 million in free cash flow (30% margin). PLTR also increased guidance for 2021 as they now expect revenue growth of 40% YoY compared to their previous projection of 30% and increased their projection in FCF to $400 million from $300 million. In addition to the numbers, PLTR announced new product platforms and use cases that have tremendous potential to drive revenue and FCF in the future. I believe this sell-off will be short-lived and I am looking at it as a buying opportunity.</p><p><blockquote>财报发布有什么不妥之处导致抛售一直徘徊在-9.03%的范围内？PLTR 收入同比增长 36%，第三季度新增 34 名客户，并完成 54 笔价值 100 万美元或以上的交易。PLTR 的剩余交易价值同比增长 50%，达到 36 亿美元，并交付了 1.01 亿美元的运营现金（利润率为 26%）和 1.99 亿美元的自由现金流（利润率为 30%）。PLTR 还提高了 2021 年的指引，因为他们现在预计收入同比增长 40%，而之前预测为 30%，并将自由现金流的预测从 3 亿美元上调至 4 亿美元。除了这些数字之外，PLTR 还宣布了新的产品平台和用例，这些平台和用例在未来具有推动收入和自由现金流的巨大潜力。我相信这次抛售是短暂的，我将其视为买入机会。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8cfe1dd0e9b2c6a24ce3cb94bcfda56c\" tg-width=\"640\" tg-height=\"341\" width=\"100%\" height=\"auto\"><span>(Source: Seeking Alpha)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：Seeking Alpha）</span></p></blockquote></p><p> <b>Palantir's revenue continues to expand on both the commercial and government side</b></p><p><blockquote><b>Palantir 的商业和政府收入持续增长</b></blockquote></p><p> Quarter after Quarter since PLTR went public, their commercial business has expanded. After five quarters of going public, PLTR's quarterly commercial revenue has increased by $62 million or 55.36%. In Q3 2021, PLTR delivered $174 million in revenue from its commercial operations, which accounted for 44.38% of its $392.1 million quarterly revenue. Over the previous two years, PLTR's Q3 revenue has increased by 85.11% as it grew by 35.11% in Q3 2020 YoY and by another 37.01% YoY in Q3 of 2021. PLTR's commercial remaining deal value increased by 101% YoY from $1.1 billion in Q3 2020 to $2.2 billion in Q3 2021. Commercial customers are inviting PLTR to present their software solutions, and PLTR is winning their business. In Q3 2021, PLTR added 34 net new customers increasing their commercial customer base by 20% QoQ to 203. Over the past year, PLTR has seen its commercial customer base expand by 46.04% as it has grown by 64 clients from 139 to 203. Anyone who still classifies PLTR as a black box is not being accurate as the commercial market is learning about PLTR's software platforms and implementing their solutions to improve their operations.</p><p><blockquote>自PLTR上市以来，他们的商业业务一个又一个季度地扩大。上市五个季度后，PLTR的季度商业收入增加了6200万美元，增幅达55.36%。2021 年第三季度，PLTR 的商业运营收入为 1.74 亿美元，占其季度收入 3.921 亿美元的 44.38%。过去两年，PLTR的第三季度收入增长了85.11%，2020年第三季度同比增长35.11%，2021年第三季度又同比增长37.01%。PLTR 的商业剩余交易价值同比增长 101%，从 2020 年第三季度的 11 亿美元增至 2021 年第三季度的 22 亿美元。商业客户正在邀请PLTR展示他们的软件解决方案，PLTR正在赢得他们的业务。2021 年第三季度，PLTR 净增 34 家新客户，商业客户群环比增长 20%，达到 203 家。过去一年，PLTR 的商业客户群增长了 46.04%，客户数量从 139 家增加到 203 家，增加了 64 家。任何仍然将 PLTR 归类为黑匣子的人都是不准确的，因为商业市场正在了解 PLTR 的软件平台并实施其解决方案以改善运营。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/aa4084630f4e4be30a41c925c5a3fd0a\" tg-width=\"640\" tg-height=\"374\" width=\"100%\" height=\"auto\"><span>(Source: Steven Fiorillo) (Data Source: Palantir)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：Steven Fiorillo）（数据来源：Palantir）</span></p></blockquote></p><p> Since Q1 of 2020, PLTR has increased its quarterly revenue by $163.1 million (71.23%) at an average quarterly growth rate of 9.43% QoQ. In Q3 of 2021, this trend stayed intact as revenue increased by $16.1 million QoQ or 4.28%. While the quarterly revenue growth slowed a bit QoQ compared to 10.26% in Q2 2021, PLTR is projecting its Q4 2021 revenue will be $418 million. PLTR is expecting to deliver another company record and generate $25.9 million (6.61%) in QoQ growth to close out the year.</p><p><blockquote>自2020年Q1以来，PLTR的季度收入增加了1.631亿美元（71.23%），平均季度增长率为9.43%。2021 年第三季度，这一趋势保持不变，收入环比增长 1610 万美元，增幅为 4.28%。虽然与 2021 年第二季度的 10.26% 相比，季度收入增长环比略有放缓，但 PLTR 预计其 2021 年第四季度收入将为 4.18 亿美元。PLTR 预计将创造另一项公司纪录，并在年底实现 2590 万美元 (6.61%) 的环比增长。</blockquote></p><p></p><p> The same growth story applies to their total revenue in the trailing twelve months (TTM) as well. Over the last six quarters, PLTR's TTM revenue has increased by $620.6 million (76.55%) from $810.6 million to $1.43 billion. On average, PLTR's TTM revenue growth has increased by $103.42 million (9.94%) QoQ. In Q1 2020 - Q3 2020, their average QoQ revenue growth was $94.03 million, and this has increased substantially as the past three quarters have all increased by at least $105 million QoQ. In Q3 2021, PLTR increased its TTM revenue to $1.43 billion as it added $106.8 million (8.06%) in QoQ revenue growth. Just like the quarterly metric, PLTR's TTM is expected to grow QoQ by an additional $95.9 million to $1.527 billion compared to $1.51 billion in the consensus estimate. This would place PLTR's annual revenue growth YoY well ahead of their 30% projection as they would finish 2021 having increased its revenue by $434.30 million (39.75%)</p><p><blockquote>同样的增长故事也适用于他们过去12个月的总收入（TTM）。过去六个季度，PLTR 的 TTM 收入增加了 6.206 亿美元（76.55%），从 8.106 亿美元增至 14.3 亿美元。平均而言，PLTR 的 TTM 收入增长环比增长 1.0342 亿美元（9.94%）。在2020年第一季度至2020年第三季度，他们的平均环比收入增长为9403万美元，这一数字大幅增长，因为过去三个季度的环比收入都至少增长了1.05亿美元。2021 年第三季度，PLTR 的 TTM 收入增至 14.3 亿美元，环比收入增长 1.068 亿美元（8.06%）。与季度指标一样，PLTR 的 TTM 预计将环比额外增长 9590 万美元，达到 15.27 亿美元，而市场普遍预期为 15.1 亿美元。这将使 PLTR 的年收入同比增长远远超过 30% 的预测，因为到 2021 年，他们的收入将增加 4.3430 亿美元 (39.75%)</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b0ec6211d7ecb04785f406c7661c9124\" tg-width=\"640\" tg-height=\"360\" width=\"100%\" height=\"auto\"><span>(Source: Steven Fiorillo) (Data Source: Palantir)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：Steven Fiorillo）（数据来源：Palantir）</span></p></blockquote></p><p> I am shocked PLTR is still in the red. PLTR is a high-growth company that is now FCF positive and expanding its metrics. In the first nine months of 2020, PLTR generated -$285 million in FCF, and at the end of the first nine months of 2021, PLTR has delivered a $605 million swing as it has produced $320 million in FCF YTD. PLTR previously increased their 2021 FCF guidance to $300, and they just increased it again to $400+ million. In the span of three months, PLTR increased its FCF projection by an additional 33.33%. In Q3, PLTR's FCF margin was 30%, and they are projecting $400+ million in FCF for 2021. At the very minimum, this would mean they will tack on an additional $80 million in FCF for 2021. If PLTR delivers $1.527 billion in revenue and $400 million in FCF, its 2021 FCF margin would be 26.2%. PLTR is still projecting 30% annual revenue growth YoY thru 2025, which would place their 2025 revenue at $4.36 billion based on their projection of $1.527 for 2021. At PLTR's current FCF margin, they would generate $1.14 billion in FCF in 2025. Considering PLTR's current trends, if they exceeded their projections and grew at 35% YoY, it would place their 2025 revenue at $5.07 billion. At their current FCF margin, they would then generate $1.33 billion in FCF in 2025.</p><p><blockquote>我很震惊PLTR仍然处于亏损状态。PLTR 是一家高增长公司，目前 FCF 为正，并正在扩大其指标。在 2020 年前 9 个月，PLTR 产生了 2.85 亿美元的自由现金流，在 2021 年前 9 个月末，PLTR 交付了 6.05 亿美元的波动，年初至今已产生 3.2 亿美元的自由现金流。PLTR 此前将 2021 年自由现金流指引提高到 300 美元，现在又将其再次提高到 4 亿多美元。在三个月的时间里，PLTR将其自由现金流预测额外增加了33.33%。第三季度，PLTR 的自由现金流利润率为 30%，他们预计 2021 年自由现金流利润率将超过 4 亿美元。至少，这意味着他们将在 2021 年额外增加 8000 万美元的自由现金流。如果 PLTR 实现 15.27 亿美元的收入和 4 亿美元的自由现金流，其 2021 年自由现金流利润率将为 26.2%。PLTR 仍预计到 2025 年年收入同比增长 30%，基于 2021 年 1527 美元的预测，他们 2025 年收入将达到 43.6 亿美元。按照 PLTR 目前的自由现金流利润率，他们将在 2025 年产生 11.4 亿美元的自由现金流。考虑到 PLTR 目前的趋势，如果他们超出预期并同比增长 35%，那么他们 2025 年收入将达到 50.7 亿美元。按照目前的自由现金流利润率，到 2025 年，他们将产生 13.3 亿美元的自由现金流。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/87cff0d5c5ef70ea6926a1323c77bfe4\" tg-width=\"640\" tg-height=\"306\" width=\"100%\" height=\"auto\"><span>(Source: PLTR)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（资料来源：PLTR）</span></p></blockquote></p><p> PLTR is firing on all cylinders. YoY, their Q3 revenue grew by 36%, they raised guidance on their FCF for a 2nd time from $300 million to $400+ million and have increased their annual revenue growth guidance from 30% to roughly 40%. PLTR is still maintaining its future revenue outlook of 30% annually YoY and is creating some impressive margins. PLTR's commercial revenue grew YoY by 37%, and their government revenue grew by 34% YoY in Q3. PLTR closed at least 54 deals worth at least $1 million during Q3, and 33 of those were at least $5 million in revenue, and 18 were at least $10 million in revenue. PLTR's growth metrics are impressive, and I am expecting them to under promise and over deliver going forward.</p><p><blockquote>PLTR正在全力以赴。同比，他们的第三季度收入增长了 36%，他们第二次将自由现金流的指导从 3 亿美元提高到 4 亿多美元，并将年收入增长指导从 30% 提高到约 40%。PLTR 仍维持其未来同比增长 30% 的收入前景，并创造了一些令人印象深刻的利润率。PLTR 第三季度商业收入同比增长 37%，政府收入同比增长 34%。PLTR 在第三季度完成了至少 54 笔价值至少 100 万美元的交易，其中 33 笔收入至少为 500 万美元，18 笔收入至少为 1000 万美元。PLTR 的增长指标令人印象深刻，我预计他们未来将低于承诺并超额完成。</blockquote></p><p> <b>Palantir is entering two new sectors that are going to be huge, carbon emissions, and crypto</b></p><p><blockquote><b>Palantir 正在进入两个巨大的新领域：碳排放和加密货币</b></blockquote></p><p> In the past, I have written about future opportunities with the government, Amazon(NASDAQ:AMZN), and International Business Machines(NYSE:IBM). On today's earnings call, PLTR introduced significant information surrounding two new products they will be offering for carbon emissions and crypto.</p><p><blockquote>过去，我写过关于政府、亚马逊（纳斯达克股票代码：AMZN）和国际商业机器公司（纽约证券交易所股票代码：IBM）未来机会的文章。在今天的财报看涨期权上，PLTR 介绍了有关他们将为碳排放和加密提供的两种新产品的重要信息。</blockquote></p><p></p><p> There has been a fundamental shift in the USA over climate, and President Biden rejoined the Paris Agreement to reengage in tackling climate change. Part ofthe planis to reach a net-zero emission economy-wide by 2050. Recently President Biden at the United Nations climate summit in Glasgow, Scotland, pledged to work with the European Union and dozens of other nations to reduce overall methane emissions worldwide by 30% by 2030. No matter what your stance on climate is, there are many who believe we need to lower emissions, and many nations are working on a goal. To comply, companies such as&nbsp;Exxon Mobil(NYSE:XOM)&nbsp;are conducting longer-term research on several promising innovations with outside organizations, including direct air capture technology to&nbsp;scrub emissions out of the air&nbsp;and carbonate fuel cells&nbsp;to capture industrial emissions&nbsp;from flue gas streams of power plants or manufacturing facilities. Carbon emissions management is already a booming business, and PLTR is creating a module on Foundry to present a single pane to view revenue, margin, production, and all emissions so companies can manage outcomes more efficiently. Personally, I believe this has enormous potential to drive revenue for PLTR in the future.</p><p><blockquote>美国在气候问题上发生了根本性的转变，拜登总统重新加入了《巴黎协定》，重新参与应对气候变化。到2050年实现整个经济净零排放计划的一部分。最近，拜登总统在苏格兰格拉斯哥举行的联合国气候峰会上承诺，将与欧盟和其他数十个国家合作，到2030年将全球甲烷排放总量减少30%。无论你对气候的立场是什么，都有许多人认为我们需要降低排放，许多国家正在努力实现一个目标。为了遵守规定，埃克森美孚（纽约证券交易所股票代码：XOM）等公司正在与外部组织一起对几项有前途的创新进行长期研究，包括用于清除空气中排放物的直接空气捕获技术和用于捕获工业排放物的碳酸盐燃料电池来自发电厂或制造设施的烟气流。碳排放管理已经是一项蓬勃发展的业务，PLTR 正在 Foundry 上创建一个模块，以显示单个窗格来查看收入、利润率、产量和所有排放，以便公司可以更有效地管理结果。就我个人而言，我相信这对于推动 PLTR 未来的收入具有巨大的潜力。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b2386d938e7f452a340dbb130de508f6\" tg-width=\"640\" tg-height=\"360\" width=\"100%\" height=\"auto\"><span>(Source: Palantir)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：Palantir）</span></p></blockquote></p><p> The second huge prospect that PLTR discussed was Foundry for crypto. It looks like PLTR is leveraging their anti-money laundering and know-your-customer expertise. PLTR has worked with several governments over the years to find compliance issues with the world's largest banks and help those banks respond and strengthen their compliance programs. This makes complete sense, and when you go back to the contracts, PLTR has been awarded from the IRS and SEC (discussed in previous articles). In Q3 alone, PLTR inked 6 contracts with the IRS. If I had to guess, PLTR's software would be utilized by the IRS and the SEC on the government side and adopted on the commercial side by banks and crypto exchanges. Currently, in the past 24 hours,Coinbase(NASDAQ:COIN)&nbsp;is showing that Bitcoin (BTC-USD) has incurred a trading volume of $43.8 billion. I think PLTR will end up driving future revenue from both government and commercial contracts from its Foundry for Crypto.</p><p><blockquote>PLTR讨论的第二个巨大前景是加密铸造。看起来PLTR正在利用他们的反洗钱和了解客户的专业知识。多年来，PLTR 与多个政府合作，发现全球最大银行的合规问题，并帮助这些银行做出回应并加强其合规计划。这是完全有道理的，当你回到合同时，PLTR已经被美国国税局和美国证券交易委员会授予了（在以前的文章中讨论过）。仅在第三季度，PLTR 就与美国国税局签署了 6 份合同。如果让我猜的话，PLTR的软件会被政府方面的国税局和美国证券交易委员会使用，并被银行和加密货币交易所采用。目前，在过去24小时内，比特币基地（纳斯达克股票代码：COIN）显示比特币（BTC-USD）的交易量为438亿美元。我认为 PLTR 最终将推动其加密货币代工厂的政府和商业合同的未来收入。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/53c762e27799c80dbaa9914bb98a6a10\" tg-width=\"624\" tg-height=\"234\" width=\"100%\" height=\"auto\"><span>(Source: Steven Fiorillo) (Data Source: Federal Procurement Database)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（资料来源：Steven Fiorillo）（数据来源：联邦采购数据库）</span></p></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/005d57c6c5c926b35eac100fa35c7415\" tg-width=\"640\" tg-height=\"360\" width=\"100%\" height=\"auto\"><span>(Source: Palantir)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：Palantir）</span></p></blockquote></p><p> <b>Conclusion</b></p><p><blockquote><b>结论</b></blockquote></p><p> PLTR has become another statistic of the market misunderstanding its earnings and selling the news when the news was great. What more does anyone want PLTR to do? This was an excellent quarter with revenue increasing 36% YoY in Q3, FCF came in at $119 million with a 30% margin, and PLTR closed 54 deals worth more than $1 million each. PLTR beats revenue estimates, increases guidance for its full-year revenue than for the 2nd time, increases its FCF guidance. This was a sell the news on all positive factors, which is creating a buying opportunity. I am staying long on PLTR and plan to add to my position if the sell-off continues.</p><p><blockquote>PLTR已经成为市场误解其盈利并在消息大好时抛售消息的又一统计数据。还有人希望PLTR做什么？这是一个出色的季度，第三季度收入同比增长 36%，FCF 达到 1.19 亿美元，利润率为 30%，PLTR 完成了 54 笔交易，每笔交易价值超过 100 万美元。PLTR 超出收入预期，第二次上调全年收入指引，上调自由现金流指引。这是一个关于所有积极因素的卖出消息，这创造了一个买入机会。我将长期持有 PLTR，并计划如果抛售继续的话加仓。</blockquote></p><p> <b>Seeking Alpha Marketplace</b></p><p><blockquote><b>寻求阿尔法市场</b></blockquote></p><p> I will be launching a subscription service called Barbell Capital on the Seeking Alpha Marketplace. Barbell Capital will provide exclusive research, model portfolios, investment tools, Q&amp;A sessions, watchlists, and additional features for its members. I will also have a live portfolio dedicated to generating capital from trading, selling puts and selling covered calls. The profits will be allocated to future capital appreciating investments and investing in dividend investments to generate income while we sleep.</p><p><blockquote>我将在Seeking Alpha市场上推出一项名为Barbell Capital的订阅服务。杠铃资本将为其成员提供独家研究、模型投资组合、投资工具、问答会议、观察列表和附加功能。我还将有一个实时投资组合，专门用于通过交易、出售看跌期权和出售备兑评级来产生资本。利润将被分配到未来的资本增值投资和股息投资中，以便在我们睡觉时产生收入。</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>Palantir: Q3 Beat, Increased FCF, Raises Guidance But Sells Off Creating An Opportunity<blockquote>Palantir：第三季度超出预期，自由现金流增加，提高指引，但抛售创造机会</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPalantir: Q3 Beat, Increased FCF, Raises Guidance But Sells Off Creating An Opportunity<blockquote>Palantir：第三季度超出预期，自由现金流增加，提高指引，但抛售创造机会</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Seeking Alpha</strong><span class=\"h-time small\">2021-11-13 10:36</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Palantir delivered revenue growth QoQ of 36% while generating $119 million in FCF creating a 30% margin.</li>  <li>Palantir's commercial revenue increased 37%, and government revenue grew by 34% YoY in Q3 showing strong forward growth trends.</li>  <li>Palantir closed 54 deals in Q3 2021 with at least $1 million in contract value with 33 valued at $5+ million and 18 at $10+ million.</li>  <li>Palantir increases guidance again and expects 40% revenue growth YoY at $1.527 billion and $400 million in FCF up from the previous guidance increase of $300 million.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3fd5d395baf412802ef5e554f0efa64b\" tg-width=\"1536\" tg-height=\"1024\" width=\"100%\" height=\"auto\"><span>Andreas Rentz/Getty Images Entertainment</span></p><p><blockquote><ul><li>Palantir 的收入环比增长 36%，同时产生 1.19 亿美元的自由现金流，利润率为 30%。</li><li>Palantir 第三季度商业收入增长 37%，政府收入同比增长 34%，显示出强劲的前瞻性增长趋势。</li><li>Palantir在2021年第三季度完成了54笔交易，合同价值至少为100万美元，其中33笔价值超过500万美元，18笔价值超过1000万美元。</li><li>Palantir 再次上调指引，预计收入同比增长 40%，达到 15.27 亿美元，自由现金流较之前的 3 亿美元增长 4 亿美元。</li></ul><p class=\"t-img-caption\"><span>安德烈亚斯·伦茨/盖蒂图片社娱乐</span></p></blockquote></p><p> Some investors love to hate Palantir (PLTR), which was nicknamed a black box company in the past, while others absolutely love it because they believe PLTR's software is the future. In my previous article on PLTR, I stated that based on PLTR's current revenue trend, they were setting up to deliver $399.41 million in revenue for Q3 and $423.22 million of revenue in Q4. The consensus number was $386.56 million of revenue in Q3, and PLTR delivered $392.1 million and forecasted $418 million in Q4 2021. The reaction in premarket as the earnings call was being conducted was nothing but a sea of red as PLTR sharply declined, and each time a gap tried to fill, the next leg on the downward spiral started. The news wasn't even digested, yet people decided to either take profits, exit their position or lost faith in PLTR.</p><p><blockquote>一些投资者喜欢讨厌 Palantir (PLTR)，该公司过去被戏称为黑盒公司，而另一些投资者则绝对喜欢它，因为他们相信 PLTR 的软件是未来。在我之前关于 PLTR 的文章中，我表示，根据 PLTR 目前的收入趋势，他们计划在第三季度实现 3.9941 亿美元的收入，在第四季度实现 4.2322 亿美元的收入。第三季度的共识数字是3.8656亿美元的收入，PLTR在2021年第四季度实现了3.921亿美元的收入，预计为4.18亿美元。随着 PLTR 大幅下跌，盘前市场的反应只不过是一片红海，每次试图填补缺口时，螺旋式下降的下一阶段就开始了。这个消息甚至还没有被消化，但人们决定要么获利了结，要么平仓，要么对 PLTR 失去信心。</blockquote></p><p> What wasn't there to like in the earnings release to cause the sell-off that has been hovering in the -9.03% range? PLTR delivered 36% YoY revenue growth, added 34 new customers in Q3, and closed 54 deals worth $1 million or more. PLTR increased their remaining deal value by 50% YoY to $3.6 billion and delivered $101 million in cash from operations (26% margin), and $199 million in free cash flow (30% margin). PLTR also increased guidance for 2021 as they now expect revenue growth of 40% YoY compared to their previous projection of 30% and increased their projection in FCF to $400 million from $300 million. In addition to the numbers, PLTR announced new product platforms and use cases that have tremendous potential to drive revenue and FCF in the future. I believe this sell-off will be short-lived and I am looking at it as a buying opportunity.</p><p><blockquote>财报发布有什么不妥之处导致抛售一直徘徊在-9.03%的范围内？PLTR 收入同比增长 36%，第三季度新增 34 名客户，并完成 54 笔价值 100 万美元或以上的交易。PLTR 的剩余交易价值同比增长 50%，达到 36 亿美元，并交付了 1.01 亿美元的运营现金（利润率为 26%）和 1.99 亿美元的自由现金流（利润率为 30%）。PLTR 还提高了 2021 年的指引，因为他们现在预计收入同比增长 40%，而之前预测为 30%，并将自由现金流的预测从 3 亿美元上调至 4 亿美元。除了这些数字之外，PLTR 还宣布了新的产品平台和用例，这些平台和用例在未来具有推动收入和自由现金流的巨大潜力。我相信这次抛售是短暂的，我将其视为买入机会。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8cfe1dd0e9b2c6a24ce3cb94bcfda56c\" tg-width=\"640\" tg-height=\"341\" width=\"100%\" height=\"auto\"><span>(Source: Seeking Alpha)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：Seeking Alpha）</span></p></blockquote></p><p> <b>Palantir's revenue continues to expand on both the commercial and government side</b></p><p><blockquote><b>Palantir 的商业和政府收入持续增长</b></blockquote></p><p> Quarter after Quarter since PLTR went public, their commercial business has expanded. After five quarters of going public, PLTR's quarterly commercial revenue has increased by $62 million or 55.36%. In Q3 2021, PLTR delivered $174 million in revenue from its commercial operations, which accounted for 44.38% of its $392.1 million quarterly revenue. Over the previous two years, PLTR's Q3 revenue has increased by 85.11% as it grew by 35.11% in Q3 2020 YoY and by another 37.01% YoY in Q3 of 2021. PLTR's commercial remaining deal value increased by 101% YoY from $1.1 billion in Q3 2020 to $2.2 billion in Q3 2021. Commercial customers are inviting PLTR to present their software solutions, and PLTR is winning their business. In Q3 2021, PLTR added 34 net new customers increasing their commercial customer base by 20% QoQ to 203. Over the past year, PLTR has seen its commercial customer base expand by 46.04% as it has grown by 64 clients from 139 to 203. Anyone who still classifies PLTR as a black box is not being accurate as the commercial market is learning about PLTR's software platforms and implementing their solutions to improve their operations.</p><p><blockquote>自PLTR上市以来，他们的商业业务一个又一个季度地扩大。上市五个季度后，PLTR的季度商业收入增加了6200万美元，增幅达55.36%。2021 年第三季度，PLTR 的商业运营收入为 1.74 亿美元，占其季度收入 3.921 亿美元的 44.38%。过去两年，PLTR的第三季度收入增长了85.11%，2020年第三季度同比增长35.11%，2021年第三季度又同比增长37.01%。PLTR 的商业剩余交易价值同比增长 101%，从 2020 年第三季度的 11 亿美元增至 2021 年第三季度的 22 亿美元。商业客户正在邀请PLTR展示他们的软件解决方案，PLTR正在赢得他们的业务。2021 年第三季度，PLTR 净增 34 家新客户，商业客户群环比增长 20%，达到 203 家。过去一年，PLTR 的商业客户群增长了 46.04%，客户数量从 139 家增加到 203 家，增加了 64 家。任何仍然将 PLTR 归类为黑匣子的人都是不准确的，因为商业市场正在了解 PLTR 的软件平台并实施其解决方案以改善运营。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/aa4084630f4e4be30a41c925c5a3fd0a\" tg-width=\"640\" tg-height=\"374\" width=\"100%\" height=\"auto\"><span>(Source: Steven Fiorillo) (Data Source: Palantir)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：Steven Fiorillo）（数据来源：Palantir）</span></p></blockquote></p><p> Since Q1 of 2020, PLTR has increased its quarterly revenue by $163.1 million (71.23%) at an average quarterly growth rate of 9.43% QoQ. In Q3 of 2021, this trend stayed intact as revenue increased by $16.1 million QoQ or 4.28%. While the quarterly revenue growth slowed a bit QoQ compared to 10.26% in Q2 2021, PLTR is projecting its Q4 2021 revenue will be $418 million. PLTR is expecting to deliver another company record and generate $25.9 million (6.61%) in QoQ growth to close out the year.</p><p><blockquote>自2020年Q1以来，PLTR的季度收入增加了1.631亿美元（71.23%），平均季度增长率为9.43%。2021 年第三季度，这一趋势保持不变，收入环比增长 1610 万美元，增幅为 4.28%。虽然与 2021 年第二季度的 10.26% 相比，季度收入增长环比略有放缓，但 PLTR 预计其 2021 年第四季度收入将为 4.18 亿美元。PLTR 预计将创造另一项公司纪录，并在年底实现 2590 万美元 (6.61%) 的环比增长。</blockquote></p><p></p><p> The same growth story applies to their total revenue in the trailing twelve months (TTM) as well. Over the last six quarters, PLTR's TTM revenue has increased by $620.6 million (76.55%) from $810.6 million to $1.43 billion. On average, PLTR's TTM revenue growth has increased by $103.42 million (9.94%) QoQ. In Q1 2020 - Q3 2020, their average QoQ revenue growth was $94.03 million, and this has increased substantially as the past three quarters have all increased by at least $105 million QoQ. In Q3 2021, PLTR increased its TTM revenue to $1.43 billion as it added $106.8 million (8.06%) in QoQ revenue growth. Just like the quarterly metric, PLTR's TTM is expected to grow QoQ by an additional $95.9 million to $1.527 billion compared to $1.51 billion in the consensus estimate. This would place PLTR's annual revenue growth YoY well ahead of their 30% projection as they would finish 2021 having increased its revenue by $434.30 million (39.75%)</p><p><blockquote>同样的增长故事也适用于他们过去12个月的总收入（TTM）。过去六个季度，PLTR 的 TTM 收入增加了 6.206 亿美元（76.55%），从 8.106 亿美元增至 14.3 亿美元。平均而言，PLTR 的 TTM 收入增长环比增长 1.0342 亿美元（9.94%）。在2020年第一季度至2020年第三季度，他们的平均环比收入增长为9403万美元，这一数字大幅增长，因为过去三个季度的环比收入都至少增长了1.05亿美元。2021 年第三季度，PLTR 的 TTM 收入增至 14.3 亿美元，环比收入增长 1.068 亿美元（8.06%）。与季度指标一样，PLTR 的 TTM 预计将环比额外增长 9590 万美元，达到 15.27 亿美元，而市场普遍预期为 15.1 亿美元。这将使 PLTR 的年收入同比增长远远超过 30% 的预测，因为到 2021 年，他们的收入将增加 4.3430 亿美元 (39.75%)</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b0ec6211d7ecb04785f406c7661c9124\" tg-width=\"640\" tg-height=\"360\" width=\"100%\" height=\"auto\"><span>(Source: Steven Fiorillo) (Data Source: Palantir)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：Steven Fiorillo）（数据来源：Palantir）</span></p></blockquote></p><p> I am shocked PLTR is still in the red. PLTR is a high-growth company that is now FCF positive and expanding its metrics. In the first nine months of 2020, PLTR generated -$285 million in FCF, and at the end of the first nine months of 2021, PLTR has delivered a $605 million swing as it has produced $320 million in FCF YTD. PLTR previously increased their 2021 FCF guidance to $300, and they just increased it again to $400+ million. In the span of three months, PLTR increased its FCF projection by an additional 33.33%. In Q3, PLTR's FCF margin was 30%, and they are projecting $400+ million in FCF for 2021. At the very minimum, this would mean they will tack on an additional $80 million in FCF for 2021. If PLTR delivers $1.527 billion in revenue and $400 million in FCF, its 2021 FCF margin would be 26.2%. PLTR is still projecting 30% annual revenue growth YoY thru 2025, which would place their 2025 revenue at $4.36 billion based on their projection of $1.527 for 2021. At PLTR's current FCF margin, they would generate $1.14 billion in FCF in 2025. Considering PLTR's current trends, if they exceeded their projections and grew at 35% YoY, it would place their 2025 revenue at $5.07 billion. At their current FCF margin, they would then generate $1.33 billion in FCF in 2025.</p><p><blockquote>我很震惊PLTR仍然处于亏损状态。PLTR 是一家高增长公司，目前 FCF 为正，并正在扩大其指标。在 2020 年前 9 个月，PLTR 产生了 2.85 亿美元的自由现金流，在 2021 年前 9 个月末，PLTR 交付了 6.05 亿美元的波动，年初至今已产生 3.2 亿美元的自由现金流。PLTR 此前将 2021 年自由现金流指引提高到 300 美元，现在又将其再次提高到 4 亿多美元。在三个月的时间里，PLTR将其自由现金流预测额外增加了33.33%。第三季度，PLTR 的自由现金流利润率为 30%，他们预计 2021 年自由现金流利润率将超过 4 亿美元。至少，这意味着他们将在 2021 年额外增加 8000 万美元的自由现金流。如果 PLTR 实现 15.27 亿美元的收入和 4 亿美元的自由现金流，其 2021 年自由现金流利润率将为 26.2%。PLTR 仍预计到 2025 年年收入同比增长 30%，基于 2021 年 1527 美元的预测，他们 2025 年收入将达到 43.6 亿美元。按照 PLTR 目前的自由现金流利润率，他们将在 2025 年产生 11.4 亿美元的自由现金流。考虑到 PLTR 目前的趋势，如果他们超出预期并同比增长 35%，那么他们 2025 年收入将达到 50.7 亿美元。按照目前的自由现金流利润率，到 2025 年，他们将产生 13.3 亿美元的自由现金流。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/87cff0d5c5ef70ea6926a1323c77bfe4\" tg-width=\"640\" tg-height=\"306\" width=\"100%\" height=\"auto\"><span>(Source: PLTR)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（资料来源：PLTR）</span></p></blockquote></p><p> PLTR is firing on all cylinders. YoY, their Q3 revenue grew by 36%, they raised guidance on their FCF for a 2nd time from $300 million to $400+ million and have increased their annual revenue growth guidance from 30% to roughly 40%. PLTR is still maintaining its future revenue outlook of 30% annually YoY and is creating some impressive margins. PLTR's commercial revenue grew YoY by 37%, and their government revenue grew by 34% YoY in Q3. PLTR closed at least 54 deals worth at least $1 million during Q3, and 33 of those were at least $5 million in revenue, and 18 were at least $10 million in revenue. PLTR's growth metrics are impressive, and I am expecting them to under promise and over deliver going forward.</p><p><blockquote>PLTR正在全力以赴。同比，他们的第三季度收入增长了 36%，他们第二次将自由现金流的指导从 3 亿美元提高到 4 亿多美元，并将年收入增长指导从 30% 提高到约 40%。PLTR 仍维持其未来同比增长 30% 的收入前景，并创造了一些令人印象深刻的利润率。PLTR 第三季度商业收入同比增长 37%，政府收入同比增长 34%。PLTR 在第三季度完成了至少 54 笔价值至少 100 万美元的交易，其中 33 笔收入至少为 500 万美元，18 笔收入至少为 1000 万美元。PLTR 的增长指标令人印象深刻，我预计他们未来将低于承诺并超额完成。</blockquote></p><p> <b>Palantir is entering two new sectors that are going to be huge, carbon emissions, and crypto</b></p><p><blockquote><b>Palantir 正在进入两个巨大的新领域：碳排放和加密货币</b></blockquote></p><p> In the past, I have written about future opportunities with the government, Amazon(NASDAQ:AMZN), and International Business Machines(NYSE:IBM). On today's earnings call, PLTR introduced significant information surrounding two new products they will be offering for carbon emissions and crypto.</p><p><blockquote>过去，我写过关于政府、亚马逊（纳斯达克股票代码：AMZN）和国际商业机器公司（纽约证券交易所股票代码：IBM）未来机会的文章。在今天的财报看涨期权上，PLTR 介绍了有关他们将为碳排放和加密提供的两种新产品的重要信息。</blockquote></p><p></p><p> There has been a fundamental shift in the USA over climate, and President Biden rejoined the Paris Agreement to reengage in tackling climate change. Part ofthe planis to reach a net-zero emission economy-wide by 2050. Recently President Biden at the United Nations climate summit in Glasgow, Scotland, pledged to work with the European Union and dozens of other nations to reduce overall methane emissions worldwide by 30% by 2030. No matter what your stance on climate is, there are many who believe we need to lower emissions, and many nations are working on a goal. To comply, companies such as&nbsp;Exxon Mobil(NYSE:XOM)&nbsp;are conducting longer-term research on several promising innovations with outside organizations, including direct air capture technology to&nbsp;scrub emissions out of the air&nbsp;and carbonate fuel cells&nbsp;to capture industrial emissions&nbsp;from flue gas streams of power plants or manufacturing facilities. Carbon emissions management is already a booming business, and PLTR is creating a module on Foundry to present a single pane to view revenue, margin, production, and all emissions so companies can manage outcomes more efficiently. Personally, I believe this has enormous potential to drive revenue for PLTR in the future.</p><p><blockquote>美国在气候问题上发生了根本性的转变，拜登总统重新加入了《巴黎协定》，重新参与应对气候变化。到2050年实现整个经济净零排放计划的一部分。最近，拜登总统在苏格兰格拉斯哥举行的联合国气候峰会上承诺，将与欧盟和其他数十个国家合作，到2030年将全球甲烷排放总量减少30%。无论你对气候的立场是什么，都有许多人认为我们需要降低排放，许多国家正在努力实现一个目标。为了遵守规定，埃克森美孚（纽约证券交易所股票代码：XOM）等公司正在与外部组织一起对几项有前途的创新进行长期研究，包括用于清除空气中排放物的直接空气捕获技术和用于捕获工业排放物的碳酸盐燃料电池来自发电厂或制造设施的烟气流。碳排放管理已经是一项蓬勃发展的业务，PLTR 正在 Foundry 上创建一个模块，以显示单个窗格来查看收入、利润率、产量和所有排放，以便公司可以更有效地管理结果。就我个人而言，我相信这对于推动 PLTR 未来的收入具有巨大的潜力。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b2386d938e7f452a340dbb130de508f6\" tg-width=\"640\" tg-height=\"360\" width=\"100%\" height=\"auto\"><span>(Source: Palantir)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：Palantir）</span></p></blockquote></p><p> The second huge prospect that PLTR discussed was Foundry for crypto. It looks like PLTR is leveraging their anti-money laundering and know-your-customer expertise. PLTR has worked with several governments over the years to find compliance issues with the world's largest banks and help those banks respond and strengthen their compliance programs. This makes complete sense, and when you go back to the contracts, PLTR has been awarded from the IRS and SEC (discussed in previous articles). In Q3 alone, PLTR inked 6 contracts with the IRS. If I had to guess, PLTR's software would be utilized by the IRS and the SEC on the government side and adopted on the commercial side by banks and crypto exchanges. Currently, in the past 24 hours,Coinbase(NASDAQ:COIN)&nbsp;is showing that Bitcoin (BTC-USD) has incurred a trading volume of $43.8 billion. I think PLTR will end up driving future revenue from both government and commercial contracts from its Foundry for Crypto.</p><p><blockquote>PLTR讨论的第二个巨大前景是加密铸造。看起来PLTR正在利用他们的反洗钱和了解客户的专业知识。多年来，PLTR 与多个政府合作，发现全球最大银行的合规问题，并帮助这些银行做出回应并加强其合规计划。这是完全有道理的，当你回到合同时，PLTR已经被美国国税局和美国证券交易委员会授予了（在以前的文章中讨论过）。仅在第三季度，PLTR 就与美国国税局签署了 6 份合同。如果让我猜的话，PLTR的软件会被政府方面的国税局和美国证券交易委员会使用，并被银行和加密货币交易所采用。目前，在过去24小时内，比特币基地（纳斯达克股票代码：COIN）显示比特币（BTC-USD）的交易量为438亿美元。我认为 PLTR 最终将推动其加密货币代工厂的政府和商业合同的未来收入。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/53c762e27799c80dbaa9914bb98a6a10\" tg-width=\"624\" tg-height=\"234\" width=\"100%\" height=\"auto\"><span>(Source: Steven Fiorillo) (Data Source: Federal Procurement Database)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（资料来源：Steven Fiorillo）（数据来源：联邦采购数据库）</span></p></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/005d57c6c5c926b35eac100fa35c7415\" tg-width=\"640\" tg-height=\"360\" width=\"100%\" height=\"auto\"><span>(Source: Palantir)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：Palantir）</span></p></blockquote></p><p> <b>Conclusion</b></p><p><blockquote><b>结论</b></blockquote></p><p> PLTR has become another statistic of the market misunderstanding its earnings and selling the news when the news was great. What more does anyone want PLTR to do? This was an excellent quarter with revenue increasing 36% YoY in Q3, FCF came in at $119 million with a 30% margin, and PLTR closed 54 deals worth more than $1 million each. PLTR beats revenue estimates, increases guidance for its full-year revenue than for the 2nd time, increases its FCF guidance. This was a sell the news on all positive factors, which is creating a buying opportunity. I am staying long on PLTR and plan to add to my position if the sell-off continues.</p><p><blockquote>PLTR已经成为市场误解其盈利并在消息大好时抛售消息的又一统计数据。还有人希望PLTR做什么？这是一个出色的季度，第三季度收入同比增长 36%，FCF 达到 1.19 亿美元，利润率为 30%，PLTR 完成了 54 笔交易，每笔交易价值超过 100 万美元。PLTR 超出收入预期，第二次上调全年收入指引，上调自由现金流指引。这是一个关于所有积极因素的卖出消息，这创造了一个买入机会。我将长期持有 PLTR，并计划如果抛售继续的话加仓。</blockquote></p><p> <b>Seeking Alpha Marketplace</b></p><p><blockquote><b>寻求阿尔法市场</b></blockquote></p><p> I will be launching a subscription service called Barbell Capital on the Seeking Alpha Marketplace. Barbell Capital will provide exclusive research, model portfolios, investment tools, Q&amp;A sessions, watchlists, and additional features for its members. I will also have a live portfolio dedicated to generating capital from trading, selling puts and selling covered calls. The profits will be allocated to future capital appreciating investments and investing in dividend investments to generate income while we sleep.</p><p><blockquote>我将在Seeking Alpha市场上推出一项名为Barbell Capital的订阅服务。杠铃资本将为其成员提供独家研究、模型投资组合、投资工具、问答会议、观察列表和附加功能。我还将有一个实时投资组合，专门用于通过交易、出售看跌期权和出售备兑评级来产生资本。利润将被分配到未来的资本增值投资和股息投资中，以便在我们睡觉时产生收入。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4468059-palantir-q3-beat-creating-an-opportunity\">Seeking Alpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PLTR":"Palantir Technologies Inc."},"source_url":"https://seekingalpha.com/article/4468059-palantir-q3-beat-creating-an-opportunity","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1129543601","content_text":"Summary\n\nPalantir delivered revenue growth QoQ of 36% while generating $119 million in FCF creating a 30% margin.\nPalantir's commercial revenue increased 37%, and government revenue grew by 34% YoY in Q3 showing strong forward growth trends.\nPalantir closed 54 deals in Q3 2021 with at least $1 million in contract value with 33 valued at $5+ million and 18 at $10+ million.\nPalantir increases guidance again and expects 40% revenue growth YoY at $1.527 billion and $400 million in FCF up from the previous guidance increase of $300 million.\n\nAndreas Rentz/Getty Images Entertainment\nSome investors love to hate Palantir (PLTR), which was nicknamed a black box company in the past, while others absolutely love it because they believe PLTR's software is the future. In my previous article on PLTR, I stated that based on PLTR's current revenue trend, they were setting up to deliver $399.41 million in revenue for Q3 and $423.22 million of revenue in Q4. The consensus number was $386.56 million of revenue in Q3, and PLTR delivered $392.1 million and forecasted $418 million in Q4 2021. The reaction in premarket as the earnings call was being conducted was nothing but a sea of red as PLTR sharply declined, and each time a gap tried to fill, the next leg on the downward spiral started. The news wasn't even digested, yet people decided to either take profits, exit their position or lost faith in PLTR.\nWhat wasn't there to like in the earnings release to cause the sell-off that has been hovering in the -9.03% range? PLTR delivered 36% YoY revenue growth, added 34 new customers in Q3, and closed 54 deals worth $1 million or more. PLTR increased their remaining deal value by 50% YoY to $3.6 billion and delivered $101 million in cash from operations (26% margin), and $199 million in free cash flow (30% margin). PLTR also increased guidance for 2021 as they now expect revenue growth of 40% YoY compared to their previous projection of 30% and increased their projection in FCF to $400 million from $300 million. In addition to the numbers, PLTR announced new product platforms and use cases that have tremendous potential to drive revenue and FCF in the future. I believe this sell-off will be short-lived and I am looking at it as a buying opportunity.\n(Source: Seeking Alpha)\nPalantir's revenue continues to expand on both the commercial and government side\nQuarter after Quarter since PLTR went public, their commercial business has expanded. After five quarters of going public, PLTR's quarterly commercial revenue has increased by $62 million or 55.36%. In Q3 2021, PLTR delivered $174 million in revenue from its commercial operations, which accounted for 44.38% of its $392.1 million quarterly revenue. Over the previous two years, PLTR's Q3 revenue has increased by 85.11% as it grew by 35.11% in Q3 2020 YoY and by another 37.01% YoY in Q3 of 2021. PLTR's commercial remaining deal value increased by 101% YoY from $1.1 billion in Q3 2020 to $2.2 billion in Q3 2021. Commercial customers are inviting PLTR to present their software solutions, and PLTR is winning their business. In Q3 2021, PLTR added 34 net new customers increasing their commercial customer base by 20% QoQ to 203. Over the past year, PLTR has seen its commercial customer base expand by 46.04% as it has grown by 64 clients from 139 to 203. Anyone who still classifies PLTR as a black box is not being accurate as the commercial market is learning about PLTR's software platforms and implementing their solutions to improve their operations.\n(Source: Steven Fiorillo) (Data Source: Palantir)\nSince Q1 of 2020, PLTR has increased its quarterly revenue by $163.1 million (71.23%) at an average quarterly growth rate of 9.43% QoQ. In Q3 of 2021, this trend stayed intact as revenue increased by $16.1 million QoQ or 4.28%. While the quarterly revenue growth slowed a bit QoQ compared to 10.26% in Q2 2021, PLTR is projecting its Q4 2021 revenue will be $418 million. PLTR is expecting to deliver another company record and generate $25.9 million (6.61%) in QoQ growth to close out the year.\nThe same growth story applies to their total revenue in the trailing twelve months (TTM) as well. Over the last six quarters, PLTR's TTM revenue has increased by $620.6 million (76.55%) from $810.6 million to $1.43 billion. On average, PLTR's TTM revenue growth has increased by $103.42 million (9.94%) QoQ. In Q1 2020 - Q3 2020, their average QoQ revenue growth was $94.03 million, and this has increased substantially as the past three quarters have all increased by at least $105 million QoQ. In Q3 2021, PLTR increased its TTM revenue to $1.43 billion as it added $106.8 million (8.06%) in QoQ revenue growth. Just like the quarterly metric, PLTR's TTM is expected to grow QoQ by an additional $95.9 million to $1.527 billion compared to $1.51 billion in the consensus estimate. This would place PLTR's annual revenue growth YoY well ahead of their 30% projection as they would finish 2021 having increased its revenue by $434.30 million (39.75%)\n(Source: Steven Fiorillo) (Data Source: Palantir)\nI am shocked PLTR is still in the red. PLTR is a high-growth company that is now FCF positive and expanding its metrics. In the first nine months of 2020, PLTR generated -$285 million in FCF, and at the end of the first nine months of 2021, PLTR has delivered a $605 million swing as it has produced $320 million in FCF YTD. PLTR previously increased their 2021 FCF guidance to $300, and they just increased it again to $400+ million. In the span of three months, PLTR increased its FCF projection by an additional 33.33%. In Q3, PLTR's FCF margin was 30%, and they are projecting $400+ million in FCF for 2021. At the very minimum, this would mean they will tack on an additional $80 million in FCF for 2021. If PLTR delivers $1.527 billion in revenue and $400 million in FCF, its 2021 FCF margin would be 26.2%. PLTR is still projecting 30% annual revenue growth YoY thru 2025, which would place their 2025 revenue at $4.36 billion based on their projection of $1.527 for 2021. At PLTR's current FCF margin, they would generate $1.14 billion in FCF in 2025. Considering PLTR's current trends, if they exceeded their projections and grew at 35% YoY, it would place their 2025 revenue at $5.07 billion. At their current FCF margin, they would then generate $1.33 billion in FCF in 2025.\n(Source: PLTR)\nPLTR is firing on all cylinders. YoY, their Q3 revenue grew by 36%, they raised guidance on their FCF for a 2nd time from $300 million to $400+ million and have increased their annual revenue growth guidance from 30% to roughly 40%. PLTR is still maintaining its future revenue outlook of 30% annually YoY and is creating some impressive margins. PLTR's commercial revenue grew YoY by 37%, and their government revenue grew by 34% YoY in Q3. PLTR closed at least 54 deals worth at least $1 million during Q3, and 33 of those were at least $5 million in revenue, and 18 were at least $10 million in revenue. PLTR's growth metrics are impressive, and I am expecting them to under promise and over deliver going forward.\nPalantir is entering two new sectors that are going to be huge, carbon emissions, and crypto\nIn the past, I have written about future opportunities with the government, Amazon(NASDAQ:AMZN), and International Business Machines(NYSE:IBM). On today's earnings call, PLTR introduced significant information surrounding two new products they will be offering for carbon emissions and crypto.\nThere has been a fundamental shift in the USA over climate, and President Biden rejoined the Paris Agreement to reengage in tackling climate change. Part ofthe planis to reach a net-zero emission economy-wide by 2050. Recently President Biden at the United Nations climate summit in Glasgow, Scotland, pledged to work with the European Union and dozens of other nations to reduce overall methane emissions worldwide by 30% by 2030. No matter what your stance on climate is, there are many who believe we need to lower emissions, and many nations are working on a goal. To comply, companies such as Exxon Mobil(NYSE:XOM) are conducting longer-term research on several promising innovations with outside organizations, including direct air capture technology to scrub emissions out of the air and carbonate fuel cells to capture industrial emissions from flue gas streams of power plants or manufacturing facilities. Carbon emissions management is already a booming business, and PLTR is creating a module on Foundry to present a single pane to view revenue, margin, production, and all emissions so companies can manage outcomes more efficiently. Personally, I believe this has enormous potential to drive revenue for PLTR in the future.\n(Source: Palantir)\nThe second huge prospect that PLTR discussed was Foundry for crypto. It looks like PLTR is leveraging their anti-money laundering and know-your-customer expertise. PLTR has worked with several governments over the years to find compliance issues with the world's largest banks and help those banks respond and strengthen their compliance programs. This makes complete sense, and when you go back to the contracts, PLTR has been awarded from the IRS and SEC (discussed in previous articles). In Q3 alone, PLTR inked 6 contracts with the IRS. If I had to guess, PLTR's software would be utilized by the IRS and the SEC on the government side and adopted on the commercial side by banks and crypto exchanges. Currently, in the past 24 hours,Coinbase(NASDAQ:COIN) is showing that Bitcoin (BTC-USD) has incurred a trading volume of $43.8 billion. I think PLTR will end up driving future revenue from both government and commercial contracts from its Foundry for Crypto.\n(Source: Steven Fiorillo) (Data Source: Federal Procurement Database)\n(Source: Palantir)\nConclusion\nPLTR has become another statistic of the market misunderstanding its earnings and selling the news when the news was great. What more does anyone want PLTR to do? This was an excellent quarter with revenue increasing 36% YoY in Q3, FCF came in at $119 million with a 30% margin, and PLTR closed 54 deals worth more than $1 million each. PLTR beats revenue estimates, increases guidance for its full-year revenue than for the 2nd time, increases its FCF guidance. This was a sell the news on all positive factors, which is creating a buying opportunity. I am staying long on PLTR and plan to add to my position if the sell-off continues.\nSeeking Alpha Marketplace\nI will be launching a subscription service called Barbell Capital on the Seeking Alpha Marketplace. Barbell Capital will provide exclusive research, model portfolios, investment tools, Q&A sessions, watchlists, and additional features for its members. I will also have a live portfolio dedicated to generating capital from trading, selling puts and selling covered calls. The profits will be allocated to future capital appreciating investments and investing in dividend investments to generate income while we sleep.","news_type":1,"symbols_score_info":{"PLTR":0.9}},"isVote":1,"tweetType":1,"viewCount":4035,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":879417357,"gmtCreate":1636763350931,"gmtModify":1636763351116,"author":{"id":"3576108077327245","authorId":"3576108077327245","name":"Supersonia","avatar":"https://static.tigerbbs.com/a115d5d0552f7e483752e1d20f3c3723","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576108077327245","idStr":"3576108077327245"},"themes":[],"title":"","htmlText":"Be careful.&nbsp;","listText":"Be careful.&nbsp;","text":"Be careful.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/879417357","repostId":"1166434417","repostType":4,"repost":{"id":"1166434417","kind":"news","pubTimestamp":1636760104,"share":"https://www.laohunote.com/m/news/1166434417?lang=zh_CN&edition=full","pubTime":"2021-11-13 07:35","market":"us","language":"en","title":"Nvidia Stock Is Downgraded. What Does Wedbush See That Others Don't?<blockquote>英伟达股票评级被下调。韦德布什看到了别人看不到的什么？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1166434417","media":"Barrons","summary":"Nvidia was downgraded Friday by Wedbush Securities, though the broker and investment bank raised its","content":"<p>Nvidia&nbsp;was downgraded Friday by Wedbush Securities, though the broker and investment bank raised its price target for the stock and remains upbeat on the company.</p><p><blockquote>韦德布什证券 (Wedbush Securities) 周五下调了英伟达的评级，尽管这家经纪商和投资银行提高了该股的目标价，并对该公司保持乐观。</blockquote></p><p> So, why the downgrade?</p><p><blockquote>那么，为什么要降级呢？</blockquote></p><p> It’s a problem of valuation, according to Wedbush analyst Matt Bryson, who downgraded&nbsp;Nvidia&nbsp;(ticker: NVDA) from Outperform to Neutral even as he raised his target price on the shares from $220 to $300. Nvidia stock closed at $303.90 Thursday.</p><p><blockquote>Wedbush 分析师马特-布赖森（Matt Bryson）认为，这是一个估值问题，他将英伟达（股票代码：NVDA）的评级从跑赢大盘下调至中性，尽管他将该股目标价从 220 美元上调至 300 美元。英伟达股价周四收于 303.90 美元。</blockquote></p><p> “While typically we would want to tie a rating change to some sort of negative catalyst; frankly there is none. Conditions rather have only improved for Nvidia over the past three months,” Bryson said.</p><p><blockquote>“虽然通常情况下，我们希望将评级变化与某种负面催化剂联系起来，但坦率地说，根本没有。在过去的三个月里，英伟达的处境只会有所改善，”布赖森说。</blockquote></p><p> “We just can’t find a means of justifying a higher target price for Nvidia beyond the levels that it currently trades.”</p><p><blockquote>“我们只是找不到一种方法来证明英伟达的目标价高于其目前的交易价格。”</blockquote></p><p> The downgrade from Wedbush may have clouded investor sentiment on Nvidia, which saw its shares fall as much as 2.5% before paring losses to move 0.2% higher Friday. The stock has surged 47% in the past month alone and is up more than 130% in 2021. The company recently pushed past&nbsp;Warren Buffett’s Berkshire Hathaway&nbsp;(BRK.A and BRK.B) as the seventh most valuable U.S. company by market capitalization.</p><p><blockquote>韦德布什的评级下调可能会给英伟达的投资者情绪蒙上阴影，该公司股价下跌 2.5%，随后在周五止跌回升至上涨 0.2%。该股仅在过去一个月就飙升了 47%，2021 年将上涨超过 130%。该公司最近超越沃伦-巴菲特（Warren Buffett）的伯克希尔-哈撒韦公司（BRK.A 和 BRK.B），成为美国市值第七高的公司。</blockquote></p><p> Earlier this week, Nvidia got a boost from a number of upwards-revised estimates, with investment bank&nbsp;Oppenheimer&nbsp;hiking its target price on Nvidia stock by 49% to $350.</p><p><blockquote>本周早些时候，英伟达受到多项上调预期的提振，投资银行奥本海默将英伟达股票的目标价上调了 49%，至 350 美元。</blockquote></p><p> Bryson’s logic doesn’t yield the same level of bullishness on the share price.</p><p><blockquote>布赖森的逻辑并没有给股价带来同样程度的看涨情绪。</blockquote></p><p> Wedbush has been using a multiple of 40x applied to Nvidia’s estimated future earnings to calculate a target price for the stock. But the shares have surged 50% since the company’s last earnings call, Bryson said, and were now trading at a multiple of around 55x Wedbush’s 2024 estimates.</p><p><blockquote>韦德布什一直在使用英伟达预计未来收益的 40 倍倍数来计算该股的目标价。但布赖森说，自公司上次发布财报看涨期权以来，该公司股价已飙升 50%，目前的市盈率约为韦德布什 2024 年预期的 55 倍。</blockquote></p><p> This means that the analysts would have to lift their multiple to around 67x to justify an Outperform rating, or, alternatively, double their sales growth assumptions for the next few years to continue to use a 40x multiple.</p><p><blockquote>这意味着分析师必须将其市盈率提高到 67 倍左右，以证明跑赢大盘评级的合理性，或者将未来几年的销售增长假设翻倍，以继续使用 40 倍的市盈率。</blockquote></p><p> “While we remain very bullish on both Nvidia’s near-term prospects and longer-term opportunities (particularly around AI), we simply find ourselves unable to justify lifting our multiple to levels that would continue to justify an Outperform,” Bryson said. “We are stepping to the sidelines on Nvidia with our new Neutral rating.”</p><p><blockquote>“布赖森说：”虽然我们仍然非常看好英伟达的近期前景和长期机遇（尤其是在人工智能领域），但我们发现自己无法证明将市盈率提高到继续跑赢大盘的水平是合理的。“我们对英伟达的新中性评级是在边缘化。”</blockquote></p><p> Nvidia—which will report earnings next Wednesday—is primarily a maker of graphics processing units (GPUs), which were originally designed for applications in gaming and film. Increasingly, GPUs are used in high-performance computing applications, such as running data centers and powering artificial intelligence (AI).</p><p><blockquote>Nvidia 将于下周三公布财报，主要是一家图形处理单元 (GPU) 制造商，GPU 最初是为游戏和电影应用而设计的。GPU越来越多地用于高性能计算应用，例如运行数据中心和为人工智能（AI）提供动力。</blockquote></p><p> Bryson said that “unprecedented demand” for data center and client offerings meant Nvidia was likely to beat Wall Street’s expectations when it reports earnings and would probably raise its future guidance. The analysts added that the company’s continued work in building out its AI framework has helped cement its leadership in the space.</p><p><blockquote>布赖森说，对数据中心和客户端产品的 “前所未有的需求 ”意味着英伟达在公布财报时可能会超出华尔街的预期，并可能上调未来的指引。分析师补充说，该公司在构建人工智能框架方面的持续努力有助于巩固其在该领域的领导地位。</blockquote></p><p> The Santa Clara, Calif.-based company has also recently made a competitive push into the metaverse, launching platforms, software, and computing tools that will help enable the future of virtual worlds.</p><p><blockquote>这家总部位于加利福尼亚州圣克拉拉的公司最近还对元宇宙进行了竞争，推出了平台、软件和计算工具，这将有助于实现虚拟世界的未来。</blockquote></p><p> The metaverse, as well as the use of Nvidia chips in electric vehicles and self-driving vehicles, adds to a more ambitious view of the company’s future total addressable market, Bryson said.</p><p><blockquote>布赖森说，元宇宙以及英伟达芯片在电动汽车和自动驾驶汽车中的使用，都为公司未来的总目标市场增添了更雄心勃勃的愿景。</blockquote></p><p> “New opportunities, in particular the metaverse and its graphics intensive requirements, have started to realize increased investment, a sign in our view that applications and datacenter/consumer hardware requirements are nearing,” the analyst added.</p><p><blockquote>“这位分析师补充说：”新的机遇，特别是元宇宙及其图形密集型需求，已经开始实现投资的增加，这是我们认为应用和数据中心/消费者硬件需求即将到来的一个迹象。</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>Nvidia Stock Is Downgraded. What Does Wedbush See That Others Don't?<blockquote>英伟达股票评级被下调。韦德布什看到了别人看不到的什么？</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\">\nNvidia Stock Is Downgraded. What Does Wedbush See That Others Don't?<blockquote>英伟达股票评级被下调。韦德布什看到了别人看不到的什么？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-11-13 07:35</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Nvidia&nbsp;was downgraded Friday by Wedbush Securities, though the broker and investment bank raised its price target for the stock and remains upbeat on the company.</p><p><blockquote>韦德布什证券 (Wedbush Securities) 周五下调了英伟达的评级，尽管这家经纪商和投资银行提高了该股的目标价，并对该公司保持乐观。</blockquote></p><p> So, why the downgrade?</p><p><blockquote>那么，为什么要降级呢？</blockquote></p><p> It’s a problem of valuation, according to Wedbush analyst Matt Bryson, who downgraded&nbsp;Nvidia&nbsp;(ticker: NVDA) from Outperform to Neutral even as he raised his target price on the shares from $220 to $300. Nvidia stock closed at $303.90 Thursday.</p><p><blockquote>Wedbush 分析师马特-布赖森（Matt Bryson）认为，这是一个估值问题，他将英伟达（股票代码：NVDA）的评级从跑赢大盘下调至中性，尽管他将该股目标价从 220 美元上调至 300 美元。英伟达股价周四收于 303.90 美元。</blockquote></p><p> “While typically we would want to tie a rating change to some sort of negative catalyst; frankly there is none. Conditions rather have only improved for Nvidia over the past three months,” Bryson said.</p><p><blockquote>“虽然通常情况下，我们希望将评级变化与某种负面催化剂联系起来，但坦率地说，根本没有。在过去的三个月里，英伟达的处境只会有所改善，”布赖森说。</blockquote></p><p> “We just can’t find a means of justifying a higher target price for Nvidia beyond the levels that it currently trades.”</p><p><blockquote>“我们只是找不到一种方法来证明英伟达的目标价高于其目前的交易价格。”</blockquote></p><p> The downgrade from Wedbush may have clouded investor sentiment on Nvidia, which saw its shares fall as much as 2.5% before paring losses to move 0.2% higher Friday. The stock has surged 47% in the past month alone and is up more than 130% in 2021. The company recently pushed past&nbsp;Warren Buffett’s Berkshire Hathaway&nbsp;(BRK.A and BRK.B) as the seventh most valuable U.S. company by market capitalization.</p><p><blockquote>韦德布什的评级下调可能会给英伟达的投资者情绪蒙上阴影，该公司股价下跌 2.5%，随后在周五止跌回升至上涨 0.2%。该股仅在过去一个月就飙升了 47%，2021 年将上涨超过 130%。该公司最近超越沃伦-巴菲特（Warren Buffett）的伯克希尔-哈撒韦公司（BRK.A 和 BRK.B），成为美国市值第七高的公司。</blockquote></p><p> Earlier this week, Nvidia got a boost from a number of upwards-revised estimates, with investment bank&nbsp;Oppenheimer&nbsp;hiking its target price on Nvidia stock by 49% to $350.</p><p><blockquote>本周早些时候，英伟达受到多项上调预期的提振，投资银行奥本海默将英伟达股票的目标价上调了 49%，至 350 美元。</blockquote></p><p> Bryson’s logic doesn’t yield the same level of bullishness on the share price.</p><p><blockquote>布赖森的逻辑并没有给股价带来同样程度的看涨情绪。</blockquote></p><p> Wedbush has been using a multiple of 40x applied to Nvidia’s estimated future earnings to calculate a target price for the stock. But the shares have surged 50% since the company’s last earnings call, Bryson said, and were now trading at a multiple of around 55x Wedbush’s 2024 estimates.</p><p><blockquote>韦德布什一直在使用英伟达预计未来收益的 40 倍倍数来计算该股的目标价。但布赖森说，自公司上次发布财报看涨期权以来，该公司股价已飙升 50%，目前的市盈率约为韦德布什 2024 年预期的 55 倍。</blockquote></p><p> This means that the analysts would have to lift their multiple to around 67x to justify an Outperform rating, or, alternatively, double their sales growth assumptions for the next few years to continue to use a 40x multiple.</p><p><blockquote>这意味着分析师必须将其市盈率提高到 67 倍左右，以证明跑赢大盘评级的合理性，或者将未来几年的销售增长假设翻倍，以继续使用 40 倍的市盈率。</blockquote></p><p> “While we remain very bullish on both Nvidia’s near-term prospects and longer-term opportunities (particularly around AI), we simply find ourselves unable to justify lifting our multiple to levels that would continue to justify an Outperform,” Bryson said. “We are stepping to the sidelines on Nvidia with our new Neutral rating.”</p><p><blockquote>“布赖森说：”虽然我们仍然非常看好英伟达的近期前景和长期机遇（尤其是在人工智能领域），但我们发现自己无法证明将市盈率提高到继续跑赢大盘的水平是合理的。“我们对英伟达的新中性评级是在边缘化。”</blockquote></p><p> Nvidia—which will report earnings next Wednesday—is primarily a maker of graphics processing units (GPUs), which were originally designed for applications in gaming and film. Increasingly, GPUs are used in high-performance computing applications, such as running data centers and powering artificial intelligence (AI).</p><p><blockquote>Nvidia 将于下周三公布财报，主要是一家图形处理单元 (GPU) 制造商，GPU 最初是为游戏和电影应用而设计的。GPU越来越多地用于高性能计算应用，例如运行数据中心和为人工智能（AI）提供动力。</blockquote></p><p> Bryson said that “unprecedented demand” for data center and client offerings meant Nvidia was likely to beat Wall Street’s expectations when it reports earnings and would probably raise its future guidance. The analysts added that the company’s continued work in building out its AI framework has helped cement its leadership in the space.</p><p><blockquote>布赖森说，对数据中心和客户端产品的 “前所未有的需求 ”意味着英伟达在公布财报时可能会超出华尔街的预期，并可能上调未来的指引。分析师补充说，该公司在构建人工智能框架方面的持续努力有助于巩固其在该领域的领导地位。</blockquote></p><p> The Santa Clara, Calif.-based company has also recently made a competitive push into the metaverse, launching platforms, software, and computing tools that will help enable the future of virtual worlds.</p><p><blockquote>这家总部位于加利福尼亚州圣克拉拉的公司最近还对元宇宙进行了竞争，推出了平台、软件和计算工具，这将有助于实现虚拟世界的未来。</blockquote></p><p> The metaverse, as well as the use of Nvidia chips in electric vehicles and self-driving vehicles, adds to a more ambitious view of the company’s future total addressable market, Bryson said.</p><p><blockquote>布赖森说，元宇宙以及英伟达芯片在电动汽车和自动驾驶汽车中的使用，都为公司未来的总目标市场增添了更雄心勃勃的愿景。</blockquote></p><p> “New opportunities, in particular the metaverse and its graphics intensive requirements, have started to realize increased investment, a sign in our view that applications and datacenter/consumer hardware requirements are nearing,” the analyst added.</p><p><blockquote>“这位分析师补充说：”新的机遇，特别是元宇宙及其图形密集型需求，已经开始实现投资的增加，这是我们认为应用和数据中心/消费者硬件需求即将到来的一个迹象。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/nvidia-stock-downgrade-metaverse-51636725065?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":{"NVDA":"英伟达"},"source_url":"https://www.barrons.com/articles/nvidia-stock-downgrade-metaverse-51636725065?mod=RTA","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1166434417","content_text":"Nvidia was downgraded Friday by Wedbush Securities, though the broker and investment bank raised its price target for the stock and remains upbeat on the company.\nSo, why the downgrade?\nIt’s a problem of valuation, according to Wedbush analyst Matt Bryson, who downgraded Nvidia (ticker: NVDA) from Outperform to Neutral even as he raised his target price on the shares from $220 to $300. Nvidia stock closed at $303.90 Thursday.\n“While typically we would want to tie a rating change to some sort of negative catalyst; frankly there is none. Conditions rather have only improved for Nvidia over the past three months,” Bryson said.\n“We just can’t find a means of justifying a higher target price for Nvidia beyond the levels that it currently trades.”\nThe downgrade from Wedbush may have clouded investor sentiment on Nvidia, which saw its shares fall as much as 2.5% before paring losses to move 0.2% higher Friday. The stock has surged 47% in the past month alone and is up more than 130% in 2021. The company recently pushed past Warren Buffett’s Berkshire Hathaway (BRK.A and BRK.B) as the seventh most valuable U.S. company by market capitalization.\nEarlier this week, Nvidia got a boost from a number of upwards-revised estimates, with investment bank Oppenheimer hiking its target price on Nvidia stock by 49% to $350.\nBryson’s logic doesn’t yield the same level of bullishness on the share price.\nWedbush has been using a multiple of 40x applied to Nvidia’s estimated future earnings to calculate a target price for the stock. But the shares have surged 50% since the company’s last earnings call, Bryson said, and were now trading at a multiple of around 55x Wedbush’s 2024 estimates.\nThis means that the analysts would have to lift their multiple to around 67x to justify an Outperform rating, or, alternatively, double their sales growth assumptions for the next few years to continue to use a 40x multiple.\n“While we remain very bullish on both Nvidia’s near-term prospects and longer-term opportunities (particularly around AI), we simply find ourselves unable to justify lifting our multiple to levels that would continue to justify an Outperform,” Bryson said. “We are stepping to the sidelines on Nvidia with our new Neutral rating.”\nNvidia—which will report earnings next Wednesday—is primarily a maker of graphics processing units (GPUs), which were originally designed for applications in gaming and film. Increasingly, GPUs are used in high-performance computing applications, such as running data centers and powering artificial intelligence (AI).\nBryson said that “unprecedented demand” for data center and client offerings meant Nvidia was likely to beat Wall Street’s expectations when it reports earnings and would probably raise its future guidance. The analysts added that the company’s continued work in building out its AI framework has helped cement its leadership in the space.\nThe Santa Clara, Calif.-based company has also recently made a competitive push into the metaverse, launching platforms, software, and computing tools that will help enable the future of virtual worlds.\nThe metaverse, as well as the use of Nvidia chips in electric vehicles and self-driving vehicles, adds to a more ambitious view of the company’s future total addressable market, Bryson said.\n“New opportunities, in particular the metaverse and its graphics intensive requirements, have started to realize increased investment, a sign in our view that applications and datacenter/consumer hardware requirements are nearing,” the analyst 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leh","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/842229502","repostId":"1173813098","repostType":4,"isVote":1,"tweetType":1,"viewCount":4377,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":843348462,"gmtCreate":1635810339298,"gmtModify":1635810339473,"author":{"id":"3576108077327245","authorId":"3576108077327245","name":"Supersonia","avatar":"https://static.tigerbbs.com/a115d5d0552f7e483752e1d20f3c3723","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576108077327245","idStr":"3576108077327245"},"themes":[],"title":"","htmlText":"Good leh&nbsp;","listText":"Good leh&nbsp;","text":"Good leh","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/843348462","repostId":"1146933755","repostType":4,"isVote":1,"tweetType":1,"viewCount":3563,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":840665450,"gmtCreate":1635644073876,"gmtModify":1635644074083,"author":{"id":"3576108077327245","authorId":"3576108077327245","name":"Supersonia","avatar":"https://static.tigerbbs.com/a115d5d0552f7e483752e1d20f3c3723","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576108077327245","idStr":"3576108077327245"},"themes":[],"title":"","htmlText":"Good idea","listText":"Good idea","text":"Good idea","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/840665450","repostId":"2179223688","repostType":4,"isVote":1,"tweetType":1,"viewCount":5044,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":855593052,"gmtCreate":1635381409642,"gmtModify":1635381409809,"author":{"id":"3576108077327245","authorId":"3576108077327245","name":"Supersonia","avatar":"https://static.tigerbbs.com/a115d5d0552f7e483752e1d20f3c3723","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576108077327245","idStr":"3576108077327245"},"themes":[],"title":"","htmlText":"But coin doing well","listText":"But coin doing well","text":"But coin doing well","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/855593052","repostId":"2178237746","repostType":4,"isVote":1,"tweetType":1,"viewCount":2966,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":855063261,"gmtCreate":1635315502712,"gmtModify":1635315502908,"author":{"id":"3576108077327245","authorId":"3576108077327245","name":"Supersonia","avatar":"https://static.tigerbbs.com/a115d5d0552f7e483752e1d20f3c3723","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576108077327245","idStr":"3576108077327245"},"themes":[],"title":"","htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/855063261","repostId":"1149137784","repostType":4,"isVote":1,"tweetType":1,"viewCount":3542,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":852372765,"gmtCreate":1635248391283,"gmtModify":1635248391906,"author":{"id":"3576108077327245","authorId":"3576108077327245","name":"Supersonia","avatar":"https://static.tigerbbs.com/a115d5d0552f7e483752e1d20f3c3723","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576108077327245","idStr":"3576108077327245"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/PLTR\">$Palantir Technologies Inc.(PLTR)$</a>contented as long as it's not a loss.&nbsp;","listText":"<a href=\"https://laohu8.com/S/PLTR\">$Palantir Technologies Inc.(PLTR)$</a>contented as long as it's not a loss.&nbsp;","text":"$Palantir Technologies Inc.(PLTR)$contented as long as it's not a loss.","images":[{"img":"https://static.tigerbbs.com/bd8f3607e1387b37e9a41355c0d0a454","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/852372765","isVote":1,"tweetType":1,"viewCount":3784,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":852343553,"gmtCreate":1635246630778,"gmtModify":1635246631419,"author":{"id":"3576108077327245","authorId":"3576108077327245","name":"Supersonia","avatar":"https://static.tigerbbs.com/a115d5d0552f7e483752e1d20f3c3723","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576108077327245","idStr":"3576108077327245"},"themes":[],"title":"","htmlText":"Not hopeful","listText":"Not hopeful","text":"Not hopeful","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/852343553","repostId":"851481073","repostType":1,"repost":{"id":851481073,"gmtCreate":1634921142200,"gmtModify":1635116578201,"author":{"id":"3578890011118568","authorId":"3578890011118568","name":"pipi86","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578890011118568","idStr":"3578890011118568"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/S51.SI\">$SEMBCORP MARINE LTD(S51.SI)$</a>Anyone same like me&nbsp;still holding it?&nbsp;死都不卖，看你可以跌到多少&nbsp;[生气]&nbsp;Miracles please!&nbsp;[冷漠]&nbsp;","listText":"<a href=\"https://laohu8.com/S/S51.SI\">$SEMBCORP MARINE LTD(S51.SI)$</a>Anyone same like me&nbsp;still holding it?&nbsp;死都不卖，看你可以跌到多少&nbsp;[生气]&nbsp;Miracles please!&nbsp;[冷漠]&nbsp;","text":"$SEMBCORP MARINE LTD(S51.SI)$Anyone same like me still holding it? 死都不卖，看你可以跌到多少 [生气] Miracles please! [冷漠]","images":[{"img":"https://static.tigerbbs.com/301e72a57506907cef253d31e783687a","width":"1080","height":"1920"}],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/851481073","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":1086,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":852343837,"gmtCreate":1635246582572,"gmtModify":1635246583127,"author":{"id":"3576108077327245","authorId":"3576108077327245","name":"Supersonia","avatar":"https://static.tigerbbs.com/a115d5d0552f7e483752e1d20f3c3723","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576108077327245","idStr":"3576108077327245"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>is there hope tonight?&nbsp;","listText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>is there hope tonight?&nbsp;","text":"$Tiger Brokers(TIGR)$is there hope tonight?","images":[{"img":"https://static.tigerbbs.com/1ad6bc9ffcf900bd4363aeff32c25c9c","width":"1080","height":"3660"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/852343837","isVote":1,"tweetType":1,"viewCount":1124,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":856668614,"gmtCreate":1635174133487,"gmtModify":1635174134082,"author":{"id":"3576108077327245","authorId":"3576108077327245","name":"Supersonia","avatar":"https://static.tigerbbs.com/a115d5d0552f7e483752e1d20f3c3723","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576108077327245","idStr":"3576108077327245"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/XPEV\">$XPeng Inc.(XPEV)$</a>peng amazing!","listText":"<a href=\"https://laohu8.com/S/XPEV\">$XPeng Inc.(XPEV)$</a>peng amazing!","text":"$XPeng Inc.(XPEV)$peng amazing!","images":[{"img":"https://static.tigerbbs.com/9a9edd278b553c2f89a1e7aa305b8d3f","width":"1080","height":"3660"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/856668614","isVote":1,"tweetType":1,"viewCount":1236,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":858033583,"gmtCreate":1634951531183,"gmtModify":1634952378568,"author":{"id":"3576108077327245","authorId":"3576108077327245","name":"Supersonia","avatar":"https://static.tigerbbs.com/a115d5d0552f7e483752e1d20f3c3723","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576108077327245","idStr":"3576108077327245"},"themes":[],"title":"","htmlText":"Reverse will be better lor.&nbsp;","listText":"Reverse will be better lor.&nbsp;","text":"Reverse will be better lor.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/858033583","repostId":"1172683205","repostType":4,"isVote":1,"tweetType":1,"viewCount":1176,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":858033867,"gmtCreate":1634951506127,"gmtModify":1634952377607,"author":{"id":"3576108077327245","authorId":"3576108077327245","name":"Supersonia","avatar":"https://static.tigerbbs.com/a115d5d0552f7e483752e1d20f3c3723","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576108077327245","idStr":"3576108077327245"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/VALE\">$Vale SA(VALE)$</a>can buy?&nbsp;","listText":"<a href=\"https://laohu8.com/S/VALE\">$Vale SA(VALE)$</a>can buy?&nbsp;","text":"$Vale SA(VALE)$can buy?","images":[{"img":"https://static.tigerbbs.com/feea9fb50bfe1479aaa81c5396551994","width":"1080","height":"3660"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/858033867","isVote":1,"tweetType":1,"viewCount":925,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":822708536,"gmtCreate":1634169593641,"gmtModify":1634169593808,"author":{"id":"3576108077327245","authorId":"3576108077327245","name":"Supersonia","avatar":"https://static.tigerbbs.com/a115d5d0552f7e483752e1d20f3c3723","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576108077327245","idStr":"3576108077327245"},"themes":[],"title":"","htmlText":"Happy[微笑]&nbsp;","listText":"Happy[微笑]&nbsp;","text":"Happy[微笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/822708536","repostId":"2175164396","repostType":4,"repost":{"id":"2175164396","kind":"news","pubTimestamp":1634166327,"share":"https://www.laohunote.com/m/news/2175164396?lang=zh_CN&edition=full","pubTime":"2021-10-14 07:05","market":"us","language":"en","title":"S&P 500, Nasdaq rise with growth stocks; JPMorgan a drag<blockquote>标普500、纳斯达克成长型股票上涨；摩根大通拖累</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2175164396","media":"The Straits Times","summary":"NEW YORK (REUTERS) - The S&P 500 and Nasdaq ended higher on Wednesday (Oct 13), led by gains in shar","content":"<p><div> NEW YORK (REUTERS) - The S&P 500 and Nasdaq ended higher on Wednesday (Oct 13), led by gains in shares of big growth names like Amazon.com and Microsoft, but JPMorgan shares fell along with other bank...</p><p><blockquote><div>纽约（路透社）-标普500和纳斯达克周三（10月13日）收高，受亚马逊和微软等大型成长型公司股票上涨的带动，但摩根大通的股票与其他银行一起下跌……</div></blockquote></p><p>  <a href=\"http://www.straitstimes.com/business/companies-markets/sp-500-nasdaq-rise-with-growth-stocks-jpmorgan-a-drag\">网页链接</a>  </div> </p><p><blockquote><a href=\"http://www.straitstimes.com/business/companies-markets/sp-500-nasdaq-rise-with-growth-stocks-jpmorgan-a-drag\">网页连接</a></blockquote></p><p></p>","source":"straits_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>S&P 500, Nasdaq rise with growth stocks; JPMorgan a drag<blockquote>标普500、纳斯达克成长型股票上涨；摩根大通拖累</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nS&P 500, Nasdaq rise with growth stocks; JPMorgan a drag<blockquote>标普500、纳斯达克成长型股票上涨；摩根大通拖累</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">The Straits Times</strong><span class=\"h-time small\">2021-10-14 07:05</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> NEW YORK (REUTERS) - The S&P 500 and Nasdaq ended higher on Wednesday (Oct 13), led by gains in shares of big growth names like Amazon.com and Microsoft, but JPMorgan shares fell along with other bank...</p><p><blockquote><div>纽约（路透社）-标普500和纳斯达克周三（10月13日）收高，受亚马逊和微软等大型成长型公司股票上涨的带动，但摩根大通的股票与其他银行一起下跌……</div></blockquote></p><p>  <a href=\"http://www.straitstimes.com/business/companies-markets/sp-500-nasdaq-rise-with-growth-stocks-jpmorgan-a-drag\">网页链接</a>  </div> </p><p><blockquote><a href=\"http://www.straitstimes.com/business/companies-markets/sp-500-nasdaq-rise-with-growth-stocks-jpmorgan-a-drag\">网页连接</a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"http://www.straitstimes.com/business/companies-markets/sp-500-nasdaq-rise-with-growth-stocks-jpmorgan-a-drag\">The Straits Times</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF博时","SSO":"2倍做多标普500ETF-ProShares","IVV":"标普500ETF-iShares","OEX":"标普100","SPY":"标普500ETF","UPRO":"三倍做多标普500ETF-ProShares","SDS":"两倍做空标普500 ETF-ProShares","JPM":"摩根大通",".SPX":"S&P 500 Index","SPXU":"三倍做空标普500ETF-ProShares","OEF":"标普100指数ETF-iShares","SH":"做空标普500-Proshares"},"source_url":"http://www.straitstimes.com/business/companies-markets/sp-500-nasdaq-rise-with-growth-stocks-jpmorgan-a-drag","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2175164396","content_text":"NEW YORK (REUTERS) - The S&P 500 and Nasdaq ended higher on Wednesday (Oct 13), led by gains in shares of big growth names like Amazon.com and Microsoft, but JPMorgan shares fell along with other bank shares and weighed on the market.\nThe S&P 500 briefly added to gains following the release of minutes from the September Federal Reserve policy meeting.\nUS central bankers signalled they could start reducing crisis-era support for the economy in mid-November, though they remained divided over how much of a threat high inflation poses and how soon they may need to raise interest rates, the minutes showed.\nEarlier, a Labour Department report showed consumer prices increased solidly in September, further strengthening the case for a Fed interest-rate hike.\nShares of JPMorgan Chase & Co fell 2.6% even though JPMorgan's third-quarter earnings beat expectations, helped by global dealmaking boom and release of more loan loss reserves.\nThe stock declined along with the other bank shares and was among the biggest drags on the S&P 500 and Dow, which ended flat.\nThe S&P 500 bank index was down 1.3%, with longer-dated Treasury yields down on the day. The day's corporate results kicked off third-quarter earnings for S&P 500 companies.\n\"My hope is that as we work our way through earnings season, that the forward-looking guidance will be good enough that we'll close the year higher. But right now the market is in a show-me phase,\" said Jim Awad, senior managing director at Clearstead Advisors LLC in New York.\nMega-caps growth names including Amazon.com Inc, Google-parent Alphabet and Microsoft Corp all rose.\nThe Dow Jones Industrial Average fell 0.53 points to 34,377.81, the S&P 500 gained 13.15 points, or 0.30%, to 4,363.8 and the Nasdaq Composite added 105.71 points, or 0.73%, to 14,571.64.\nBlackRock Inc gained 3.8% after the world's largest money manager beat quarterly profit estimates as an improving economy helped boost its assets under management, driving up fee income.\nAlso in earnings, Delta Air Lines fell 5.8% after the company reported its first quarterly profit without federal aid since the coronavirus pandemic, but warned of a pre-tax loss for the fourth quarter due to a sharp rise in fuel prices.\nAnalysts expect corporate America to report strong profit growth in the third quarter but investor worries have been mounting over how supply chain problems, labour shortages and higher energy prices might affect businesses emerging from the pandemic.\nBank of America, Citigroup, Wells Fargo and Morgan Stanley will report results on Thursday, while Goldman Sachs is due to report on Friday.\nAmong other movers, Apple Inc dipped 0.4% after a report said the iPhone marker was planning to cut production of its iPhone 13.0 trading days.\nAdvancing issues outnumbered declining ones on the NYSE by a 1.73-to-1 ratio; on Nasdaq, a 1.39-to-1 ratio favored advancers.\nThe S&P 500 posted 8 new 52-week highs and 9 new lows; the Nasdaq Composite recorded 47 new highs and 56 new lows.\nVolume on U.S. exchanges was 9.31 billion shares, compared with the 10.8 billion average for the full session over the last 20 trading days.","news_type":1,"symbols_score_info":{"161125":0.9,"513500":0.9,"SPXU":0.9,".SPX":0.9,"SPY":0.9,"OEF":0.9,"SDS":0.9,"UPRO":0.9,"SSO":0.9,"ESmain":0.9,"SH":0.9,"NQmain":0.9,"JPM":0.9,"OEX":0.9,"IVV":0.9}},"isVote":1,"tweetType":1,"viewCount":822,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":865117871,"gmtCreate":1632960866261,"gmtModify":1632960866932,"author":{"id":"3576108077327245","authorId":"3576108077327245","name":"Supersonia","avatar":"https://static.tigerbbs.com/a115d5d0552f7e483752e1d20f3c3723","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576108077327245","idStr":"3576108077327245"},"themes":[],"title":"","htmlText":"Trade with caution","listText":"Trade with caution","text":"Trade with caution","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/865117871","repostId":"2171300933","repostType":4,"isVote":1,"tweetType":1,"viewCount":816,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":866261734,"gmtCreate":1632785600928,"gmtModify":1632797598589,"author":{"id":"3576108077327245","authorId":"3576108077327245","name":"Supersonia","avatar":"https://static.tigerbbs.com/a115d5d0552f7e483752e1d20f3c3723","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576108077327245","idStr":"3576108077327245"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/00135\">$KUNLUN ENERGY(00135)$</a>can buy?&nbsp;","listText":"<a href=\"https://laohu8.com/S/00135\">$KUNLUN ENERGY(00135)$</a>can buy?&nbsp;","text":"$KUNLUN ENERGY(00135)$can buy?","images":[{"img":"https://static.tigerbbs.com/4c0a44cafe827c1cee3ed78dd47c361d","width":"1080","height":"3531"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/866261734","isVote":1,"tweetType":1,"viewCount":993,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":866261162,"gmtCreate":1632785574456,"gmtModify":1632797598720,"author":{"id":"3576108077327245","authorId":"3576108077327245","name":"Supersonia","avatar":"https://static.tigerbbs.com/a115d5d0552f7e483752e1d20f3c3723","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576108077327245","idStr":"3576108077327245"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/PFE\">$Pfizer(PFE)$</a>should have sold much earlier&nbsp;","listText":"<a href=\"https://laohu8.com/S/PFE\">$Pfizer(PFE)$</a>should have sold much earlier&nbsp;","text":"$Pfizer(PFE)$should have sold much earlier","images":[{"img":"https://static.tigerbbs.com/d6e576e4a7881e4e9923f3cb1eaa6f8f","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/866261162","isVote":1,"tweetType":1,"viewCount":1042,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":868470031,"gmtCreate":1632702658323,"gmtModify":1632798512777,"author":{"id":"3576108077327245","authorId":"3576108077327245","name":"Supersonia","avatar":"https://static.tigerbbs.com/a115d5d0552f7e483752e1d20f3c3723","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576108077327245","idStr":"3576108077327245"},"themes":[],"title":"","htmlText":"Should buy&nbsp;","listText":"Should buy&nbsp;","text":"Should buy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/868470031","repostId":"2170614896","repostType":4,"isVote":1,"tweetType":1,"viewCount":1339,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"hots":[{"id":179586228,"gmtCreate":1626564365964,"gmtModify":1633925924880,"author":{"id":"3576108077327245","authorId":"3576108077327245","name":"Supersonia","avatar":"https://static.tigerbbs.com/a115d5d0552f7e483752e1d20f3c3723","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576108077327245","authorIdStr":"3576108077327245"},"themes":[],"title":"","htmlText":"Buy on dips?&nbsp;","listText":"Buy on dips?&nbsp;","text":"Buy on dips?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/179586228","repostId":"1198202103","repostType":4,"isVote":1,"tweetType":1,"viewCount":600,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":815937997,"gmtCreate":1630634573119,"gmtModify":1631891326394,"author":{"id":"3576108077327245","authorId":"3576108077327245","name":"Supersonia","avatar":"https://static.tigerbbs.com/a115d5d0552f7e483752e1d20f3c3723","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576108077327245","authorIdStr":"3576108077327245"},"themes":[],"title":"","htmlText":"Good leh&nbsp;","listText":"Good leh&nbsp;","text":"Good leh","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/815937997","repostId":"2164829818","repostType":4,"isVote":1,"tweetType":1,"viewCount":1023,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":839418664,"gmtCreate":1629172807758,"gmtModify":1631888920969,"author":{"id":"3576108077327245","authorId":"3576108077327245","name":"Supersonia","avatar":"https://static.tigerbbs.com/a115d5d0552f7e483752e1d20f3c3723","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576108077327245","authorIdStr":"3576108077327245"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/JLB.SI\">$GRAND VENTURE TECHNOLOGY LTD(JLB.SI)$</a>wanna cry. At 134 never sell, now&nbsp;[流泪]&nbsp;","listText":"<a href=\"https://laohu8.com/S/JLB.SI\">$GRAND VENTURE TECHNOLOGY LTD(JLB.SI)$</a>wanna cry. At 134 never sell, now&nbsp;[流泪]&nbsp;","text":"$GRAND VENTURE TECHNOLOGY LTD(JLB.SI)$wanna cry. At 134 never sell, now [流泪]","images":[{"img":"https://static.tigerbbs.com/eec56f759ffe7709b9080b2f9133112d","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/839418664","isVote":1,"tweetType":1,"viewCount":1352,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":839223757,"gmtCreate":1629162273679,"gmtModify":1633686933436,"author":{"id":"3576108077327245","authorId":"3576108077327245","name":"Supersonia","avatar":"https://static.tigerbbs.com/a115d5d0552f7e483752e1d20f3c3723","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576108077327245","authorIdStr":"3576108077327245"},"themes":[],"title":"","htmlText":"Great news!","listText":"Great news!","text":"Great news!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/839223757","repostId":"1101853850","repostType":4,"isVote":1,"tweetType":1,"viewCount":604,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":347095342,"gmtCreate":1618447875386,"gmtModify":1634292893116,"author":{"id":"3576108077327245","authorId":"3576108077327245","name":"Supersonia","avatar":"https://static.tigerbbs.com/a115d5d0552f7e483752e1d20f3c3723","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576108077327245","authorIdStr":"3576108077327245"},"themes":[],"title":"","htmlText":"Tech stocks not been having a good run. Trade with care.&nbsp;","listText":"Tech stocks not been having a good run. Trade with care.&nbsp;","text":"Tech stocks not been having a good run. Trade with care.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/347095342","repostId":"1189551384","repostType":4,"isVote":1,"tweetType":1,"viewCount":809,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":817245127,"gmtCreate":1630972277769,"gmtModify":1631888873471,"author":{"id":"3576108077327245","authorId":"3576108077327245","name":"Supersonia","avatar":"https://static.tigerbbs.com/a115d5d0552f7e483752e1d20f3c3723","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576108077327245","authorIdStr":"3576108077327245"},"themes":[],"title":"","htmlText":"Time to look out&nbsp;","listText":"Time to look out&nbsp;","text":"Time to look out","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/817245127","repostId":"1181754918","repostType":4,"repost":{"id":"1181754918","kind":"news","pubTimestamp":1630972081,"share":"https://www.laohunote.com/m/news/1181754918?lang=zh_CN&edition=full","pubTime":"2021-09-07 07:48","market":"us","language":"en","title":"C3.ai: Brace Yourself For Landing, A Buy Point Is Coming Soon<blockquote>C3.ai：做好登陆准备，买点即将到来</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1181754918","media":"Seeking Alpha","summary":"Summary\n\nC3.ai has lost 70% of its value relative to all-time highs near $170 that it notched immedi","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>C3.ai has lost 70% of its value relative to all-time highs near $170 that it notched immediately after its IPO.</li>  <li>The stock's downfall is a reflection of only middling results, and its relatively tiny traction within its market.</li>  <li>C3.ai's customer concentration, especially on Baker Hughes, still remains a consistent problem.</li>  <li>Still, C3.ai is approaching a buyable valuation as it hits a mid-teens multiple of this year's revenue.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/001ddb8ffe2cd26356ee59422c781b50\" tg-width=\"1536\" tg-height=\"1024\" width=\"100%\" height=\"auto\"><span>hapabapa/iStock Editorial via Getty Images</span></p><p><blockquote><ul><li>相对于 IPO 后立即创下的近 170 美元的历史高点，C3.ai 的价值已下跌 70%。</li><li>该股的下跌仅反映了其业绩平平，并且在市场上的吸引力相对较小。</li><li>C3.ai 的客户集中度，尤其是贝克休斯，仍然是一个持续存在的问题。</li><li>尽管如此，C3.ai 的估值仍接近可购买的估值，因为它达到了今年收入的十几倍左右。</li></ul><p class=\"t-img-caption\"><span>hapabapa/iStock 社论来自 Getty Images</span></p></blockquote></p><p> Sooner or later, the law of gravity comes for software stocks too: what comes up, must come down. Such was the case with C3.ai (AI), one of the hottest IPOs of the past year that immediately saw its stock price quadruple. C3.ai is an enterprise AI platform - that is, a technology base that lets its clients build and deploy artificial intelligence applications with preset tools. Investors had wide hopes for this company given the open-ended use cases this type of product can offer - but so far, C3.ai hasn't delivered the kind of growth rates that investors typically come to invest with these startup-like public equities.</p><p><blockquote>迟早，万有引力定律也会降临到软件股身上：上来的必然会下来。C3.ai (AI) 就是这种情况，它是去年最热门的 IPO 之一，股价立即翻了两番。C3.ai是一个企业人工智能平台——也就是说，一个技术基础，让其客户使用预设的工具构建和部署人工智能应用程序。鉴于此类产品可以提供的开放式用例，投资者对这家公司寄予厚望，但到目前为止，C3.ai 尚未实现投资者通常投资这些初创公司式公共股票的增长率。</blockquote></p><p> C3.ai hit an all-time high of ~$170 this February, representing a quadrupling from its IPO price of $42. Since then, the stock has crumbled and given back ~70% of its value. In early September, the company released fiscal Q1 results, which were a cause for further disappointment in the stock that caused a further ~5% dip.</p><p><blockquote>C3.ai 今年 2 月创下约 170 美元的历史新高，比其 42 美元的 IPO 价格翻了两番。此后，该股暴跌并返还了约 70% 的价值。9月初，该公司发布了第一财季业绩，这导致该股进一步失望，导致该股进一步下跌约5%。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/72921aed6d4198ec90336315baf0b271\" tg-width=\"635\" tg-height=\"417\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据由YCharts提供</span></p></blockquote></p><p> <b>For now, the bearish thesis has won out</b></p><p><blockquote><b>目前，看跌论点已经胜出</b></blockquote></p><p> I had been&nbsp;bearish on C3.ai&nbsp;since its IPO. I've consistently called out a number of flaws with the company, including:</p><p><blockquote>自 C3.ai 首次公开募股以来，我一直看跌它。我一直指出该公司的许多缺陷，包括：</blockquote></p><p> <ul>  <li><b>Huge valuation for relatively normal growth rates.</b>C3.ai, at its peaks, was trading at &gt;40x forward revenue despite a ~30% y/y revenue growth rate - which is a massive valuation premium for what is considered a \"normal\" growth rate in enterprise software.</li>  <li><b>Customer concentration.</b>C3.ai only has a handful of customers, and its largest customer Baker Hughes, the oil services giant, is also a reseller of its product. Oil and gas companies overall represent about a third of its revenue.</li>  <li><b>Massive losses.</b>C3.ai loses nearly a dollar, in GAAP terms, for every dollar of revenue it generates.</li> </ul> The only reason investors clung onto this stock was for its thematic buzz (AI, needless to say, is one of the hottest areas in software) as well as their confidence in C3.ai's founder and CEO Tom Siebel, who founded and sold Siebel Systems to Oracle (ORCL) and has many deep-seated relationships in Silicon Valley.</p><p><blockquote><ul><li><b>相对正常的增长率的巨大估值。</b>尽管收入同比增长率约为 30%，但 C3.ai 在巅峰时期的交易价格为远期收入的 40 倍以上——这对于企业软件的“正常”增长率来说是一个巨大的估值溢价。</li><li><b>客户集中度。</b>C3.ai的客户屈指可数，其最大客户石油服务巨头贝克休斯也是其产品的经销商。石油和天然气公司总体上约占其收入的三分之一。</li><li><b>巨大损失。</b>按照 GAAP 标准，C3.ai 每产生 1 美元收入，就会损失近 1 美元。</li></ul>投资者坚持持有这只股票的唯一原因是它的主题热度（不用说，人工智能是软件领域最热门的领域之一）以及他们对 C3.ai 创始人兼首席执行官 Tom Siebel 的信心，他创立了 Siebel Systems 并将其出售给甲骨文 (ORCL)，并在硅谷拥有许多深厚的关系。</blockquote></p><p> <b>But rest assured that a buy-the-dip opportunity may be emerging</b></p><p><blockquote><b>但请放心，逢低买入机会可能正在出现</b></blockquote></p><p> Yet as my readers know, I'm a big believer in buy-the-dip. I prefer buying into companies when sentiment is weak and waiting for the rebound, rather than risking a purchase at market tops (this is especially true as the post-pandemic bull market continues to notch new, lofty highs with each trading day). In my view, the C3.ai slump is close to breaking.</p><p><blockquote>然而，正如我的读者所知，我非常相信逢低买入。我更喜欢在市场情绪疲软并等待反弹时买入公司，而不是在市场顶部冒险买入（尤其是在大流行后的牛市每个交易日都在继续创下新的高点的情况下）。在我看来，C3.ai 的暴跌已接近崩溃。</blockquote></p><p> Valuation is the key here, as C3.ai's correction has no longer left the company egregiously overvalued. At current share prices near $51, C3.ai has a market cap of $5.23 billion. After we net off the $1.10 billion of cash on C3.ai's balance sheet (for a company of this size, C3.ai's cash pile is quite enormous, which is one reason to be comfortable with this stock), the company's resulting<b>enterprise value is $4.14 billion.</b></p><p><blockquote>估值是这里的关键，因为 C3.ai 的修正不再导致该公司被严重高估。按目前接近 51 美元的股价计算，C3.ai 的市值为 52.3 亿美元。在我们从 C3.ai 的资产负债表上扣除 11 亿美元现金后（对于这样规模的公司来说，C3.ai 的现金池相当巨大，这也是对这只股票感到满意的原因之一），该公司的结果<b>企业价值为41.4亿美元。</b></blockquote></p><p> For the current fiscal year high ends in April 2022, meanwhile, C3.ai has guided to a revenue range of $243-$247 million, representing 33-35% y/y growth. It's going to need to stretch to get there: Q1 growth clocked in at only 29% y/y, but the company is guiding to acceleration in Q2 to 35-40% y/y growth.</p><p><blockquote>与此同时，对于 2022 年 4 月结束的本财年高端，C3.ai 的收入范围为 2.43-2.47 亿美元，同比增长 33-35%。要实现这一目标，还需要付出努力：第一季度的同比增长率仅为 29%，但该公司预计第二季度的同比增长率将加速至 35-40%。</blockquote></p><p> Figure 1. C3.ai guidance update</p><p><blockquote>图1。C3.ai指南更新</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c07c9c3368340d8ddbb12dad77bcbe51\" tg-width=\"640\" tg-height=\"281\" width=\"100%\" height=\"auto\"><span>Source: C3.ai Q1 earnings deck</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：C3.ai 第一季度收益表</span></p></blockquote></p><p> If we take the midpoint of C3.ai's FY22 guidance range at face value, the company's valuation sits at<b>16.9x EV/FY22 revenue.</b>That's hardly a cheap multiple, but it's far cheaper than what C3.ai was trading at earlier this year.</p><p><blockquote>如果我们按面值取 C3.ai 2022 财年指导范围的中点，则该公司的估值为<b>16.9 倍 EV/2022 财年收入。</b>这并不是一个便宜的倍数，但比 C3.ai 今年早些时候的交易价格便宜得多。</blockquote></p><p></p><p> The bottom line here: I'm<b>upgrading my view on C3.ai to neutral,</b>and putting the stock on my watch list. I'm interested in dipping my toes into this stock if it reaches a<b>$41 price level,</b>representing<b>12.5x EV/FY22 revenue.</b>Given the fierceness of C3.ai's recent correction, we may hit those levels within the month.</p><p><blockquote>底线是：我是<b>将我对C3.ai的看法升级为中立，</b>把股票列入我的观察名单。如果这只股票达到<b>41美元的价格水平，</b>代表<b>12.5 倍 EV/2022 财年收入。</b>鉴于 C3.ai 最近调整的剧烈程度，我们可能会在一个月内达到这些水平。</blockquote></p><p> <b>Q1 download</b></p><p><blockquote><b>Q1下载</b></blockquote></p><p> C3.ai's Q1 update wasn't perfect, but it wasn't all bad, either. Take a look at the earnings summary in the chart below:</p><p><blockquote>C3.ai 的第一季度更新并不完美，但也不全是坏事。看看下图中的收益摘要：</blockquote></p><p> Figure 2. C3.ai Q1 results</p><p><blockquote>图2。C3.ai Q1业绩</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cd17939012426be90aef9075eb37faf6\" tg-width=\"640\" tg-height=\"422\" width=\"100%\" height=\"auto\"><span>Source: C3.ai Q1 earnings deck</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：C3.ai 第一季度收益表</span></p></blockquote></p><p> C3.ai grew its revenue at a 29% y/y clip to $52.4 million in revenue, which was only a minor beat versus Wall Street's expectations for $51.3 million (+27% y/y) in revenue. At the same time, C3.ai saw a minor acceleration as well from 26% y/y growth in Q4, which was a plus.</p><p><blockquote>C3.ai 的收入同比增长 29%，达到 5240 万美元，仅略高于华尔街预期的 5130 万美元（同比增长 27%）。与此同时，C3.ai 也较第四季度 26% 的同比增长略有加速，这是一个利好。</blockquote></p><p> Here's some more good news: C3.ai's enterprise AI customer base hit 98 in the quarter, up 85% y/y. One of my biggest concerns with C3.ai is the fact that it still has only a fledgling customer base; at the time of its IPO, the company's ~50 customers could hardly be construed as a true enterprise software giant in the making. Yet C3.ai's clientele does skew large, and its progress in adding new customers is a promising sign.</p><p><blockquote>这里还有一些好消息：C3.ai 的企业人工智能客户群本季度达到 98 个，同比增长 85%。我对C3.ai最大的担忧之一是它仍然只有一个羽翼未丰的客户群；在IPO时，该公司的约50名客户很难被解释为一个真正的企业软件巨头。然而，C3.ai 的客户群确实存在很大的偏差，其在增加新客户方面的进展是一个充满希望的迹象。</blockquote></p><p> Another positive development: C3.ai has entered into both a product and go-to-market partnership with Google Cloud (GOOG). Building on top of an existing commercial agreement with Microsoft Azure (MSFT), this partnership will give C3.ai even more expansion potential into Google Cloud's universe of customers, as well as gain access to Google Cloud's sales force. The Azure partnership has yielded $200 million of closed business to date, with $350 million more in the pipeline: we hope the Google Cloud partnership can yield similar fruitful results.</p><p><blockquote>另一个积极的进展：C3.ai 已与 Google Cloud (GOOG) 建立产品和上市合作伙伴关系。在与微软 Azure (MSFT) 现有商业协议的基础上，此次合作伙伴关系将使 C3.ai 在 Google Cloud 的客户领域拥有更大的扩张潜力，并获得 Google Cloud 的销售队伍。迄今为止，Azure合作伙伴关系已经产生了2亿美元的已完成业务，还有3.5亿美元正在筹备中：我们希望谷歌云合作伙伴关系能够产生类似的丰硕成果。</blockquote></p><p> Figure 3. C3.ai/Google Cloud partnership</p><p><blockquote>图3。C3.ai/谷歌云合作伙伴关系</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2c6e19183efc667b0bb2dd771234bfc1\" tg-width=\"640\" tg-height=\"332\" width=\"100%\" height=\"auto\"><span>Source: C3.ai Q1 earnings deck</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：C3.ai 第一季度收益表</span></p></blockquote></p><p> Going forward, management expects C3.ai to lead with some smaller, lower-priced, and high-value products like C3.ai CRM. These purpose-built applications are more plug-and-play and give a chance for C3.ai to \"land\" more customers and seed the \"expand\" opportunity for later. Per CEO Tom Siebel's prepared remarks on the&nbsp;Q1 earnings call:</p><p><blockquote>展望未来，管理层预计 C3.ai 将以 C3.ai CRM 等更小、价格更低、价值更高的产品引领潮流。这些专门构建的应用程序更加即插即用，为 C3.ai 提供了一个“获得”更多客户的机会，并为以后的“扩展”机会播下了种子。根据首席执行官 Tom Siebel 在第一季度盈利看涨期权上准备好的讲话：</blockquote></p><p>   As we have previously discussed, historically, our business has been characterized by quarter-to-quarter lumpiness due to the substantial size of our average order value.    Now as application sales become an increasingly large part of our revenue mix, roughly 50% of our subscriptions last quarter in Q1 accrued from application software. We are increasingly offering lower priced, high-value products like C3 AI CRM and Ex Machina. And as we've discussed, we've been diversifying our distribution model to complement enterprise selling with telesales, distributors, market partners and direct marketplace selling.\"  However, C3.ai's investments into sales and marketing have continued to burn holes through margins, which is a chief investor concern that has been a primary catalyst in dragging the share price down. Due to a massive increase in sales and marketing costs to 58% of revenue (25 points more than 33% in the year-ago Q2), C3.ai's pro forma operating margins hit a -42% mark in Q1, 40 points worse than the year-ago quarter. This was buffeted as well by a 12-point increase in R&amp;D expense as a percentage of revenue and a 4-point increase in general and administrative expenses, and only partially offset by a three-point bump in pro forma gross margins.</p><p><blockquote>正如我们之前所讨论的，从历史上看，由于我们的平均订单价值很大，我们的业务的特点是季度与季度之间的波动。现在，随着应用程序销售成为我们收入组合中越来越大的一部分，我们第一季度最后一个季度大约50%的订阅来自应用软件。我们越来越多地提供价格更低、价值更高的产品，如C3 AI CRM和Ex Machina。正如我们所讨论的，我们一直在使分销模式多样化，通过电话销售、分销商、市场合作伙伴和直接市场销售来补充企业销售。”然而，C3.ai 在销售和营销方面的投资继续侵蚀利润率，这是投资者的主要担忧，也是拖累股价的主要催化剂。由于销售和营销成本大幅增加至收入的 58%（比去年同期第二季度的 33% 高出 25 个百分点），C3.ai 第一季度的预计营业利润率达到-42%，比去年同期下降 40 个百分点。这也受到研发费用占收入百分比增加 12 个百分点以及一般和管理费用增加 4 个百分点的影响，但预计毛利率增长 3 个百分点仅部分抵消了这一影响。</blockquote></p><p> Figure 4. C3.ai operating margin trends</p><p><blockquote>图4。C3.ai 营业利润率趋势</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/eeb7285944ea24037260f852641bfdeb\" tg-width=\"640\" tg-height=\"333\" width=\"100%\" height=\"auto\"><span>Source: C3.ai Q1 earnings deck</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：C3.ai 第一季度收益表</span></p></blockquote></p><p> <b>Key takeaways</b></p><p><blockquote><b>主要要点</b></blockquote></p><p> C3.ai remains a grab bag of pros and cons, in my mind. On the positive front, C3.ai possesses a broad technology base, and its recent go-to-market developments (leading with smaller products like CRM to bag more customers, and a new partnership with Google Cloud) are promising growth levers. At the same time, C3.ai's relatively limited market penetration and heavy losses are worrying.</p><p><blockquote>在我看来，C3.ai 仍然是一个有利有弊的大杂烩。从积极的方面来看，C3.ai 拥有广泛的技术基础，其最近的上市发展（以 CRM 等小型产品领先以吸引更多客户，以及与 Google Cloud 的新合作伙伴关系）是有希望的增长杠杆。与此同时，C3.ai相对有限的市场渗透率和沉重的亏损令人担忧。</blockquote></p><p> At the right price, I'm a buyer. I'm waiting for a further ~20% dip in C3.ai to the low $40s before diving in, but this stock is now a firm watch list item for me.</p><p><blockquote>只要价格合适，我就是买家。我正在等待 C3.ai 进一步下跌约 20% 至 40 美元的低点，然后再潜入，但这只股票现在对我来说是一个坚定的观察清单项目。</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>C3.ai: Brace Yourself For Landing, A Buy Point Is Coming Soon<blockquote>C3.ai：做好登陆准备，买点即将到来</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\">\nC3.ai: Brace Yourself For Landing, A Buy Point Is Coming Soon<blockquote>C3.ai：做好登陆准备，买点即将到来</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Seeking Alpha</strong><span class=\"h-time small\">2021-09-07 07:48</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>C3.ai has lost 70% of its value relative to all-time highs near $170 that it notched immediately after its IPO.</li>  <li>The stock's downfall is a reflection of only middling results, and its relatively tiny traction within its market.</li>  <li>C3.ai's customer concentration, especially on Baker Hughes, still remains a consistent problem.</li>  <li>Still, C3.ai is approaching a buyable valuation as it hits a mid-teens multiple of this year's revenue.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/001ddb8ffe2cd26356ee59422c781b50\" tg-width=\"1536\" tg-height=\"1024\" width=\"100%\" height=\"auto\"><span>hapabapa/iStock Editorial via Getty Images</span></p><p><blockquote><ul><li>相对于 IPO 后立即创下的近 170 美元的历史高点，C3.ai 的价值已下跌 70%。</li><li>该股的下跌仅反映了其业绩平平，并且在市场上的吸引力相对较小。</li><li>C3.ai 的客户集中度，尤其是贝克休斯，仍然是一个持续存在的问题。</li><li>尽管如此，C3.ai 的估值仍接近可购买的估值，因为它达到了今年收入的十几倍左右。</li></ul><p class=\"t-img-caption\"><span>hapabapa/iStock 社论来自 Getty Images</span></p></blockquote></p><p> Sooner or later, the law of gravity comes for software stocks too: what comes up, must come down. Such was the case with C3.ai (AI), one of the hottest IPOs of the past year that immediately saw its stock price quadruple. C3.ai is an enterprise AI platform - that is, a technology base that lets its clients build and deploy artificial intelligence applications with preset tools. Investors had wide hopes for this company given the open-ended use cases this type of product can offer - but so far, C3.ai hasn't delivered the kind of growth rates that investors typically come to invest with these startup-like public equities.</p><p><blockquote>迟早，万有引力定律也会降临到软件股身上：上来的必然会下来。C3.ai (AI) 就是这种情况，它是去年最热门的 IPO 之一，股价立即翻了两番。C3.ai是一个企业人工智能平台——也就是说，一个技术基础，让其客户使用预设的工具构建和部署人工智能应用程序。鉴于此类产品可以提供的开放式用例，投资者对这家公司寄予厚望，但到目前为止，C3.ai 尚未实现投资者通常投资这些初创公司式公共股票的增长率。</blockquote></p><p> C3.ai hit an all-time high of ~$170 this February, representing a quadrupling from its IPO price of $42. Since then, the stock has crumbled and given back ~70% of its value. In early September, the company released fiscal Q1 results, which were a cause for further disappointment in the stock that caused a further ~5% dip.</p><p><blockquote>C3.ai 今年 2 月创下约 170 美元的历史新高，比其 42 美元的 IPO 价格翻了两番。此后，该股暴跌并返还了约 70% 的价值。9月初，该公司发布了第一财季业绩，这导致该股进一步失望，导致该股进一步下跌约5%。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/72921aed6d4198ec90336315baf0b271\" tg-width=\"635\" tg-height=\"417\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据由YCharts提供</span></p></blockquote></p><p> <b>For now, the bearish thesis has won out</b></p><p><blockquote><b>目前，看跌论点已经胜出</b></blockquote></p><p> I had been&nbsp;bearish on C3.ai&nbsp;since its IPO. I've consistently called out a number of flaws with the company, including:</p><p><blockquote>自 C3.ai 首次公开募股以来，我一直看跌它。我一直指出该公司的许多缺陷，包括：</blockquote></p><p> <ul>  <li><b>Huge valuation for relatively normal growth rates.</b>C3.ai, at its peaks, was trading at &gt;40x forward revenue despite a ~30% y/y revenue growth rate - which is a massive valuation premium for what is considered a \"normal\" growth rate in enterprise software.</li>  <li><b>Customer concentration.</b>C3.ai only has a handful of customers, and its largest customer Baker Hughes, the oil services giant, is also a reseller of its product. Oil and gas companies overall represent about a third of its revenue.</li>  <li><b>Massive losses.</b>C3.ai loses nearly a dollar, in GAAP terms, for every dollar of revenue it generates.</li> </ul> The only reason investors clung onto this stock was for its thematic buzz (AI, needless to say, is one of the hottest areas in software) as well as their confidence in C3.ai's founder and CEO Tom Siebel, who founded and sold Siebel Systems to Oracle (ORCL) and has many deep-seated relationships in Silicon Valley.</p><p><blockquote><ul><li><b>相对正常的增长率的巨大估值。</b>尽管收入同比增长率约为 30%，但 C3.ai 在巅峰时期的交易价格为远期收入的 40 倍以上——这对于企业软件的“正常”增长率来说是一个巨大的估值溢价。</li><li><b>客户集中度。</b>C3.ai的客户屈指可数，其最大客户石油服务巨头贝克休斯也是其产品的经销商。石油和天然气公司总体上约占其收入的三分之一。</li><li><b>巨大损失。</b>按照 GAAP 标准，C3.ai 每产生 1 美元收入，就会损失近 1 美元。</li></ul>投资者坚持持有这只股票的唯一原因是它的主题热度（不用说，人工智能是软件领域最热门的领域之一）以及他们对 C3.ai 创始人兼首席执行官 Tom Siebel 的信心，他创立了 Siebel Systems 并将其出售给甲骨文 (ORCL)，并在硅谷拥有许多深厚的关系。</blockquote></p><p> <b>But rest assured that a buy-the-dip opportunity may be emerging</b></p><p><blockquote><b>但请放心，逢低买入机会可能正在出现</b></blockquote></p><p> Yet as my readers know, I'm a big believer in buy-the-dip. I prefer buying into companies when sentiment is weak and waiting for the rebound, rather than risking a purchase at market tops (this is especially true as the post-pandemic bull market continues to notch new, lofty highs with each trading day). In my view, the C3.ai slump is close to breaking.</p><p><blockquote>然而，正如我的读者所知，我非常相信逢低买入。我更喜欢在市场情绪疲软并等待反弹时买入公司，而不是在市场顶部冒险买入（尤其是在大流行后的牛市每个交易日都在继续创下新的高点的情况下）。在我看来，C3.ai 的暴跌已接近崩溃。</blockquote></p><p> Valuation is the key here, as C3.ai's correction has no longer left the company egregiously overvalued. At current share prices near $51, C3.ai has a market cap of $5.23 billion. After we net off the $1.10 billion of cash on C3.ai's balance sheet (for a company of this size, C3.ai's cash pile is quite enormous, which is one reason to be comfortable with this stock), the company's resulting<b>enterprise value is $4.14 billion.</b></p><p><blockquote>估值是这里的关键，因为 C3.ai 的修正不再导致该公司被严重高估。按目前接近 51 美元的股价计算，C3.ai 的市值为 52.3 亿美元。在我们从 C3.ai 的资产负债表上扣除 11 亿美元现金后（对于这样规模的公司来说，C3.ai 的现金池相当巨大，这也是对这只股票感到满意的原因之一），该公司的结果<b>企业价值为41.4亿美元。</b></blockquote></p><p> For the current fiscal year high ends in April 2022, meanwhile, C3.ai has guided to a revenue range of $243-$247 million, representing 33-35% y/y growth. It's going to need to stretch to get there: Q1 growth clocked in at only 29% y/y, but the company is guiding to acceleration in Q2 to 35-40% y/y growth.</p><p><blockquote>与此同时，对于 2022 年 4 月结束的本财年高端，C3.ai 的收入范围为 2.43-2.47 亿美元，同比增长 33-35%。要实现这一目标，还需要付出努力：第一季度的同比增长率仅为 29%，但该公司预计第二季度的同比增长率将加速至 35-40%。</blockquote></p><p> Figure 1. C3.ai guidance update</p><p><blockquote>图1。C3.ai指南更新</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c07c9c3368340d8ddbb12dad77bcbe51\" tg-width=\"640\" tg-height=\"281\" width=\"100%\" height=\"auto\"><span>Source: C3.ai Q1 earnings deck</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：C3.ai 第一季度收益表</span></p></blockquote></p><p> If we take the midpoint of C3.ai's FY22 guidance range at face value, the company's valuation sits at<b>16.9x EV/FY22 revenue.</b>That's hardly a cheap multiple, but it's far cheaper than what C3.ai was trading at earlier this year.</p><p><blockquote>如果我们按面值取 C3.ai 2022 财年指导范围的中点，则该公司的估值为<b>16.9 倍 EV/2022 财年收入。</b>这并不是一个便宜的倍数，但比 C3.ai 今年早些时候的交易价格便宜得多。</blockquote></p><p></p><p> The bottom line here: I'm<b>upgrading my view on C3.ai to neutral,</b>and putting the stock on my watch list. I'm interested in dipping my toes into this stock if it reaches a<b>$41 price level,</b>representing<b>12.5x EV/FY22 revenue.</b>Given the fierceness of C3.ai's recent correction, we may hit those levels within the month.</p><p><blockquote>底线是：我是<b>将我对C3.ai的看法升级为中立，</b>把股票列入我的观察名单。如果这只股票达到<b>41美元的价格水平，</b>代表<b>12.5 倍 EV/2022 财年收入。</b>鉴于 C3.ai 最近调整的剧烈程度，我们可能会在一个月内达到这些水平。</blockquote></p><p> <b>Q1 download</b></p><p><blockquote><b>Q1下载</b></blockquote></p><p> C3.ai's Q1 update wasn't perfect, but it wasn't all bad, either. Take a look at the earnings summary in the chart below:</p><p><blockquote>C3.ai 的第一季度更新并不完美，但也不全是坏事。看看下图中的收益摘要：</blockquote></p><p> Figure 2. C3.ai Q1 results</p><p><blockquote>图2。C3.ai Q1业绩</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cd17939012426be90aef9075eb37faf6\" tg-width=\"640\" tg-height=\"422\" width=\"100%\" height=\"auto\"><span>Source: C3.ai Q1 earnings deck</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：C3.ai 第一季度收益表</span></p></blockquote></p><p> C3.ai grew its revenue at a 29% y/y clip to $52.4 million in revenue, which was only a minor beat versus Wall Street's expectations for $51.3 million (+27% y/y) in revenue. At the same time, C3.ai saw a minor acceleration as well from 26% y/y growth in Q4, which was a plus.</p><p><blockquote>C3.ai 的收入同比增长 29%，达到 5240 万美元，仅略高于华尔街预期的 5130 万美元（同比增长 27%）。与此同时，C3.ai 也较第四季度 26% 的同比增长略有加速，这是一个利好。</blockquote></p><p> Here's some more good news: C3.ai's enterprise AI customer base hit 98 in the quarter, up 85% y/y. One of my biggest concerns with C3.ai is the fact that it still has only a fledgling customer base; at the time of its IPO, the company's ~50 customers could hardly be construed as a true enterprise software giant in the making. Yet C3.ai's clientele does skew large, and its progress in adding new customers is a promising sign.</p><p><blockquote>这里还有一些好消息：C3.ai 的企业人工智能客户群本季度达到 98 个，同比增长 85%。我对C3.ai最大的担忧之一是它仍然只有一个羽翼未丰的客户群；在IPO时，该公司的约50名客户很难被解释为一个真正的企业软件巨头。然而，C3.ai 的客户群确实存在很大的偏差，其在增加新客户方面的进展是一个充满希望的迹象。</blockquote></p><p> Another positive development: C3.ai has entered into both a product and go-to-market partnership with Google Cloud (GOOG). Building on top of an existing commercial agreement with Microsoft Azure (MSFT), this partnership will give C3.ai even more expansion potential into Google Cloud's universe of customers, as well as gain access to Google Cloud's sales force. The Azure partnership has yielded $200 million of closed business to date, with $350 million more in the pipeline: we hope the Google Cloud partnership can yield similar fruitful results.</p><p><blockquote>另一个积极的进展：C3.ai 已与 Google Cloud (GOOG) 建立产品和上市合作伙伴关系。在与微软 Azure (MSFT) 现有商业协议的基础上，此次合作伙伴关系将使 C3.ai 在 Google Cloud 的客户领域拥有更大的扩张潜力，并获得 Google Cloud 的销售队伍。迄今为止，Azure合作伙伴关系已经产生了2亿美元的已完成业务，还有3.5亿美元正在筹备中：我们希望谷歌云合作伙伴关系能够产生类似的丰硕成果。</blockquote></p><p> Figure 3. C3.ai/Google Cloud partnership</p><p><blockquote>图3。C3.ai/谷歌云合作伙伴关系</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2c6e19183efc667b0bb2dd771234bfc1\" tg-width=\"640\" tg-height=\"332\" width=\"100%\" height=\"auto\"><span>Source: C3.ai Q1 earnings deck</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：C3.ai 第一季度收益表</span></p></blockquote></p><p> Going forward, management expects C3.ai to lead with some smaller, lower-priced, and high-value products like C3.ai CRM. These purpose-built applications are more plug-and-play and give a chance for C3.ai to \"land\" more customers and seed the \"expand\" opportunity for later. Per CEO Tom Siebel's prepared remarks on the&nbsp;Q1 earnings call:</p><p><blockquote>展望未来，管理层预计 C3.ai 将以 C3.ai CRM 等更小、价格更低、价值更高的产品引领潮流。这些专门构建的应用程序更加即插即用，为 C3.ai 提供了一个“获得”更多客户的机会，并为以后的“扩展”机会播下了种子。根据首席执行官 Tom Siebel 在第一季度盈利看涨期权上准备好的讲话：</blockquote></p><p>   As we have previously discussed, historically, our business has been characterized by quarter-to-quarter lumpiness due to the substantial size of our average order value.    Now as application sales become an increasingly large part of our revenue mix, roughly 50% of our subscriptions last quarter in Q1 accrued from application software. We are increasingly offering lower priced, high-value products like C3 AI CRM and Ex Machina. And as we've discussed, we've been diversifying our distribution model to complement enterprise selling with telesales, distributors, market partners and direct marketplace selling.\"  However, C3.ai's investments into sales and marketing have continued to burn holes through margins, which is a chief investor concern that has been a primary catalyst in dragging the share price down. Due to a massive increase in sales and marketing costs to 58% of revenue (25 points more than 33% in the year-ago Q2), C3.ai's pro forma operating margins hit a -42% mark in Q1, 40 points worse than the year-ago quarter. This was buffeted as well by a 12-point increase in R&amp;D expense as a percentage of revenue and a 4-point increase in general and administrative expenses, and only partially offset by a three-point bump in pro forma gross margins.</p><p><blockquote>正如我们之前所讨论的，从历史上看，由于我们的平均订单价值很大，我们的业务的特点是季度与季度之间的波动。现在，随着应用程序销售成为我们收入组合中越来越大的一部分，我们第一季度最后一个季度大约50%的订阅来自应用软件。我们越来越多地提供价格更低、价值更高的产品，如C3 AI CRM和Ex Machina。正如我们所讨论的，我们一直在使分销模式多样化，通过电话销售、分销商、市场合作伙伴和直接市场销售来补充企业销售。”然而，C3.ai 在销售和营销方面的投资继续侵蚀利润率，这是投资者的主要担忧，也是拖累股价的主要催化剂。由于销售和营销成本大幅增加至收入的 58%（比去年同期第二季度的 33% 高出 25 个百分点），C3.ai 第一季度的预计营业利润率达到-42%，比去年同期下降 40 个百分点。这也受到研发费用占收入百分比增加 12 个百分点以及一般和管理费用增加 4 个百分点的影响，但预计毛利率增长 3 个百分点仅部分抵消了这一影响。</blockquote></p><p> Figure 4. C3.ai operating margin trends</p><p><blockquote>图4。C3.ai 营业利润率趋势</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/eeb7285944ea24037260f852641bfdeb\" tg-width=\"640\" tg-height=\"333\" width=\"100%\" height=\"auto\"><span>Source: C3.ai Q1 earnings deck</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：C3.ai 第一季度收益表</span></p></blockquote></p><p> <b>Key takeaways</b></p><p><blockquote><b>主要要点</b></blockquote></p><p> C3.ai remains a grab bag of pros and cons, in my mind. On the positive front, C3.ai possesses a broad technology base, and its recent go-to-market developments (leading with smaller products like CRM to bag more customers, and a new partnership with Google Cloud) are promising growth levers. At the same time, C3.ai's relatively limited market penetration and heavy losses are worrying.</p><p><blockquote>在我看来，C3.ai 仍然是一个有利有弊的大杂烩。从积极的方面来看，C3.ai 拥有广泛的技术基础，其最近的上市发展（以 CRM 等小型产品领先以吸引更多客户，以及与 Google Cloud 的新合作伙伴关系）是有希望的增长杠杆。与此同时，C3.ai相对有限的市场渗透率和沉重的亏损令人担忧。</blockquote></p><p> At the right price, I'm a buyer. I'm waiting for a further ~20% dip in C3.ai to the low $40s before diving in, but this stock is now a firm watch list item for me.</p><p><blockquote>只要价格合适，我就是买家。我正在等待 C3.ai 进一步下跌约 20% 至 40 美元的低点，然后再潜入，但这只股票现在对我来说是一个坚定的观察清单项目。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4453772-c3ai-a-buy-point-coming-soon\">Seeking Alpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AI":"C3.ai, Inc."},"source_url":"https://seekingalpha.com/article/4453772-c3ai-a-buy-point-coming-soon","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1181754918","content_text":"Summary\n\nC3.ai has lost 70% of its value relative to all-time highs near $170 that it notched immediately after its IPO.\nThe stock's downfall is a reflection of only middling results, and its relatively tiny traction within its market.\nC3.ai's customer concentration, especially on Baker Hughes, still remains a consistent problem.\nStill, C3.ai is approaching a buyable valuation as it hits a mid-teens multiple of this year's revenue.\n\nhapabapa/iStock Editorial via Getty Images\nSooner or later, the law of gravity comes for software stocks too: what comes up, must come down. Such was the case with C3.ai (AI), one of the hottest IPOs of the past year that immediately saw its stock price quadruple. C3.ai is an enterprise AI platform - that is, a technology base that lets its clients build and deploy artificial intelligence applications with preset tools. Investors had wide hopes for this company given the open-ended use cases this type of product can offer - but so far, C3.ai hasn't delivered the kind of growth rates that investors typically come to invest with these startup-like public equities.\nC3.ai hit an all-time high of ~$170 this February, representing a quadrupling from its IPO price of $42. Since then, the stock has crumbled and given back ~70% of its value. In early September, the company released fiscal Q1 results, which were a cause for further disappointment in the stock that caused a further ~5% dip.\nData by YCharts\nFor now, the bearish thesis has won out\nI had been bearish on C3.ai since its IPO. I've consistently called out a number of flaws with the company, including:\n\nHuge valuation for relatively normal growth rates.C3.ai, at its peaks, was trading at >40x forward revenue despite a ~30% y/y revenue growth rate - which is a massive valuation premium for what is considered a \"normal\" growth rate in enterprise software.\nCustomer concentration.C3.ai only has a handful of customers, and its largest customer Baker Hughes, the oil services giant, is also a reseller of its product. Oil and gas companies overall represent about a third of its revenue.\nMassive losses.C3.ai loses nearly a dollar, in GAAP terms, for every dollar of revenue it generates.\n\nThe only reason investors clung onto this stock was for its thematic buzz (AI, needless to say, is one of the hottest areas in software) as well as their confidence in C3.ai's founder and CEO Tom Siebel, who founded and sold Siebel Systems to Oracle (ORCL) and has many deep-seated relationships in Silicon Valley.\nBut rest assured that a buy-the-dip opportunity may be emerging\nYet as my readers know, I'm a big believer in buy-the-dip. I prefer buying into companies when sentiment is weak and waiting for the rebound, rather than risking a purchase at market tops (this is especially true as the post-pandemic bull market continues to notch new, lofty highs with each trading day). In my view, the C3.ai slump is close to breaking.\nValuation is the key here, as C3.ai's correction has no longer left the company egregiously overvalued. At current share prices near $51, C3.ai has a market cap of $5.23 billion. After we net off the $1.10 billion of cash on C3.ai's balance sheet (for a company of this size, C3.ai's cash pile is quite enormous, which is one reason to be comfortable with this stock), the company's resultingenterprise value is $4.14 billion.\nFor the current fiscal year high ends in April 2022, meanwhile, C3.ai has guided to a revenue range of $243-$247 million, representing 33-35% y/y growth. It's going to need to stretch to get there: Q1 growth clocked in at only 29% y/y, but the company is guiding to acceleration in Q2 to 35-40% y/y growth.\nFigure 1. C3.ai guidance update\nSource: C3.ai Q1 earnings deck\nIf we take the midpoint of C3.ai's FY22 guidance range at face value, the company's valuation sits at16.9x EV/FY22 revenue.That's hardly a cheap multiple, but it's far cheaper than what C3.ai was trading at earlier this year.\nThe bottom line here: I'mupgrading my view on C3.ai to neutral,and putting the stock on my watch list. I'm interested in dipping my toes into this stock if it reaches a$41 price level,representing12.5x EV/FY22 revenue.Given the fierceness of C3.ai's recent correction, we may hit those levels within the month.\nQ1 download\nC3.ai's Q1 update wasn't perfect, but it wasn't all bad, either. Take a look at the earnings summary in the chart below:\nFigure 2. C3.ai Q1 results\nSource: C3.ai Q1 earnings deck\nC3.ai grew its revenue at a 29% y/y clip to $52.4 million in revenue, which was only a minor beat versus Wall Street's expectations for $51.3 million (+27% y/y) in revenue. At the same time, C3.ai saw a minor acceleration as well from 26% y/y growth in Q4, which was a plus.\nHere's some more good news: C3.ai's enterprise AI customer base hit 98 in the quarter, up 85% y/y. One of my biggest concerns with C3.ai is the fact that it still has only a fledgling customer base; at the time of its IPO, the company's ~50 customers could hardly be construed as a true enterprise software giant in the making. Yet C3.ai's clientele does skew large, and its progress in adding new customers is a promising sign.\nAnother positive development: C3.ai has entered into both a product and go-to-market partnership with Google Cloud (GOOG). Building on top of an existing commercial agreement with Microsoft Azure (MSFT), this partnership will give C3.ai even more expansion potential into Google Cloud's universe of customers, as well as gain access to Google Cloud's sales force. The Azure partnership has yielded $200 million of closed business to date, with $350 million more in the pipeline: we hope the Google Cloud partnership can yield similar fruitful results.\nFigure 3. C3.ai/Google Cloud partnership\nSource: C3.ai Q1 earnings deck\nGoing forward, management expects C3.ai to lead with some smaller, lower-priced, and high-value products like C3.ai CRM. These purpose-built applications are more plug-and-play and give a chance for C3.ai to \"land\" more customers and seed the \"expand\" opportunity for later. Per CEO Tom Siebel's prepared remarks on the Q1 earnings call:\n\n As we have previously discussed, historically, our business has been characterized by quarter-to-quarter lumpiness due to the substantial size of our average order value.\n\n\n Now as application sales become an increasingly large part of our revenue mix, roughly 50% of our subscriptions last quarter in Q1 accrued from application software. We are increasingly offering lower priced, high-value products like C3 AI CRM and Ex Machina. And as we've discussed, we've been diversifying our distribution model to complement enterprise selling with telesales, distributors, market partners and direct marketplace selling.\"\n\nHowever, C3.ai's investments into sales and marketing have continued to burn holes through margins, which is a chief investor concern that has been a primary catalyst in dragging the share price down. Due to a massive increase in sales and marketing costs to 58% of revenue (25 points more than 33% in the year-ago Q2), C3.ai's pro forma operating margins hit a -42% mark in Q1, 40 points worse than the year-ago quarter. This was buffeted as well by a 12-point increase in R&D expense as a percentage of revenue and a 4-point increase in general and administrative expenses, and only partially offset by a three-point bump in pro forma gross margins.\nFigure 4. C3.ai operating margin trends\nSource: C3.ai Q1 earnings deck\nKey takeaways\nC3.ai remains a grab bag of pros and cons, in my mind. On the positive front, C3.ai possesses a broad technology base, and its recent go-to-market developments (leading with smaller products like CRM to bag more customers, and a new partnership with Google Cloud) are promising growth levers. At the same time, C3.ai's relatively limited market penetration and heavy losses are worrying.\nAt the right price, I'm a buyer. I'm waiting for a further ~20% dip in C3.ai to the low $40s before diving in, but this stock is now a firm watch list item for me.","news_type":1,"symbols_score_info":{"AI":0.9}},"isVote":1,"tweetType":1,"viewCount":860,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":113395846,"gmtCreate":1622593258285,"gmtModify":1634100183643,"author":{"id":"3576108077327245","authorId":"3576108077327245","name":"Supersonia","avatar":"https://static.tigerbbs.com/a115d5d0552f7e483752e1d20f3c3723","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576108077327245","authorIdStr":"3576108077327245"},"themes":[],"title":"","htmlText":"Buy the dips for healthcare stocks.&nbsp;","listText":"Buy the dips for healthcare stocks.&nbsp;","text":"Buy the dips for healthcare stocks.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/113395846","repostId":"1106176005","repostType":4,"repost":{"id":"1106176005","kind":"news","pubTimestamp":1622588821,"share":"https://www.laohunote.com/m/news/1106176005?lang=zh_CN&edition=full","pubTime":"2021-06-02 07:07","market":"us","language":"en","title":"S&P 500 dips, as healthcare weighs; Dow ends higher<blockquote>随着医疗保健的压力，标普500下跌；道琼斯指数收高</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1106176005","media":"Reuters","summary":"The S&P 500dipped on Tuesday, with declines in healthcare and tech shares countered by energy and financial gains, as investors weighed the latest U.S. economic data for signs of a rebound and rising inflation.The S&P 500 financial sectorhit a record high, while expected growth in fuel demand boosted oil prices and helped lift the energy sector3.9%, its biggest $one$-day gain in nearly four months. The heavyweight tech sectorfell while the healthcare sectorwas dragged down by a weak profit forec","content":"<p>The S&amp;P 500(.SPX)dipped on Tuesday, with declines in healthcare and tech shares countered by energy and financial gains, as investors weighed the latest U.S. economic data for signs of a rebound and rising inflation.</p><p><blockquote>标普500 (.SPX) 周二下跌，医疗保健和科技股的下跌被能源和金融股的上涨所抵消，投资者权衡最新的美国经济数据是否有反弹和通胀上升的迹象。</blockquote></p><p>The S&amp;P 500 financial sector(.SPSY)hit a record high, while expected growth in fuel demand boosted oil prices and helped lift the energy sector(.SPNY)3.9%, its biggest <a href=\"https://laohu8.com/S/AONE\">one</a>-day gain in nearly four months. The heavyweight tech sector(.SPLRCT)fell while the healthcare sector(.SPXHC)was dragged down by a weak profit forecast from <a href=\"https://laohu8.com/S/ABT\">Abbott Laboratories</a>(ABT.N).</p><p><blockquote>标普500金融业 (.SPSY) 创下历史新高，而燃料需求的预期增长提振了油价，并帮助能源业 (.SPNY) 上涨 3.9%，成为其最大的<a href=\"https://laohu8.com/S/AONE\">一</a>-近四个月的日增。重量级科技板块 (.SPLRCT) 下跌，而医疗保健板块 (.SPXHC) 则受到利润预测疲软的拖累<a href=\"https://laohu8.com/S/ABT\">雅培实验室</a>（ABT.N）。</blockquote></p><p>Data showed U.S.manufacturing activity pickedup in May as pent-up demand in a reopening economy boosted orders. But unfinished work piled up because of shortages of raw materials and labor.</p><p><blockquote>数据显示，由于经济重新开放中被压抑的需求提振了订单，美国 5 月份制造业活动有所回升。但由于原材料和劳动力短缺，未完成的工作堆积如山。</blockquote></p><p>\"People came back from a holiday weekend convinced that the economy is recovering nicely and that any inflation that we might be seeing in labor and other costs is temporary,\" Peter Tuz, president of <a href=\"https://laohu8.com/S/CCF\">Chase</a> Investment Counsel in Charlottesville, Virginia.</p><p><blockquote>“人们从周末假期回来后确信经济复苏良好，我们可能在劳动力和其他成本方面看到的任何通货膨胀都是暂时的，”公司总裁彼得·图兹 (Peter Tuz)<a href=\"https://laohu8.com/S/CCF\">追逐</a>弗吉尼亚州夏洛茨维尔的投资顾问。</blockquote></p><p>The Dow Jones Industrial Average(.DJI)rose 45.86 points, or 0.13%, to 34,575.31; the S&amp;P 500(.SPX)lost 2.07 points, or 0.05%, at 4,202.04; and the <a href=\"https://laohu8.com/S/NDAQ\">Nasdaq</a> Composite(.IXIC)dropped 12.26 points, or 0.09%, to 13,736.48.</p><p><blockquote>道琼斯工业平均指数(.DJI)上涨45.86点，涨幅0.13%，至34,575.31点；标普500 (.SPX) 下跌 2.07 点，或 0.05%，至 4,202.04 点；和<a href=\"https://laohu8.com/S/NDAQ\">纳斯达克</a>综合指数(.IXIC)下跌12.26点，跌幅0.09%，至13,736.48点。</blockquote></p><p>Along with sharp gains for financials and energy, the small-cap Russell 2000(.RUT)rose 1.1% on Tuesday, underscoring strength for segments of the stock market expected to do particularly well in an expanding economy.</p><p><blockquote>随着金融和能源股的大幅上涨，小盘股罗素 2000 指数 (.RUT) 周二上涨 1.1%，凸显了预计在经济扩张中表现尤为出色的股市板块的走强。</blockquote></p><p>While the S&amp;P 500 remains less than 1% of its record high after four straight months of gains, investors are worried about whether rising inflation could hit equity prices.</p><p><blockquote>尽管标普500在连续四个月上涨后仍不到历史高点的1%，但投资者担心通胀上升是否会打击股价。</blockquote></p><p>\"We have supply chain issues, delays, price increases, pricing pressures in general, we have got employers saying they have got difficulty sourcing labor,\" said Kristina Hooper, chief global market strategist at <a href=\"https://laohu8.com/S/IVZ\">Invesco</a> in <a href=\"https://laohu8.com/S/NWY\">New York</a>.</p><p><blockquote>首席全球市场策略师克里斯蒂娜·胡珀 (Kristina Hooper) 表示：“我们面临供应链问题、延误、价格上涨、普遍定价压力，雇主表示他们在寻找劳动力方面遇到困难。”<a href=\"https://laohu8.com/S/IVZ\">景顺</a>在<a href=\"https://laohu8.com/S/NWY\">纽约</a>.</blockquote></p><p>\"So this is a microcosm of what we are already hearing about and seeing in the overall economy and it's just a reminder that inflation remains a concern.\"</p><p><blockquote>“因此，这是我们在整体经济中已经听到和看到的一个缩影，它只是提醒人们通货膨胀仍然是一个令人担忧的问题。”</blockquote></p><p>A Wall St. sign is seen near the <a href=\"https://laohu8.com/S/NYRT\">New York</a> Stock Exchange (NYSE) in <a href=\"https://laohu8.com/S/NGD\">New</a> York <a href=\"https://laohu8.com/S/CHCO\">City</a>, U.S., May 4, 2021. REUTERS/Brendan McDermid/File Photo</p><p><blockquote>附近可以看到华尔街的标志<a href=\"https://laohu8.com/S/NYRT\">纽约</a>纽约证券交易所<a href=\"https://laohu8.com/S/NGD\">新的</a>约克<a href=\"https://laohu8.com/S/CHCO\">城市</a>，美国，2021年5月4日。路透社/布伦丹·麦克德米德/资料照片</blockquote></p><p>Stock markets on Friday brushed off a surge inkey inflation readingsfor April following reassurances from Federal Reserve officials that the central bank’s ultra-loose monetary policy would remain in place.</p><p><blockquote>在美联储官员保证美联储将继续实施超宽松货币政策后，周五股市与 4 月份关键通胀数据的飙升擦肩而过。</blockquote></p><p>Minneapolis Federal Reserve Bank President Neel Kashkari and Fed Vice Chair for supervision Randal Quarles on Tuesday reiterated the view that higher prices would be transitory.</p><p><blockquote>明尼阿波利斯联邦储备银行行长尼尔·卡什卡里和美联储负责监管的副主席兰德尔·夸尔斯周二重申，价格上涨将是暂时的。</blockquote></p><p>This week's focus will be on a raft of economic data, culminating with U.S. payrolls due on Friday.</p><p><blockquote>本周的焦点将是一系列经济数据，最终将于周五公布的美国就业数据。</blockquote></p><p>Abbott Labs shares fell 9.3% after the company cut itsfull-year 2021 profit forecast, citing expectations for a sharp decline in revenue from its COVID-19 tests as more Americans get vaccinated. Shares of other test makers also fell.</p><p><blockquote>雅培实验室下调了 2021 年全年利润预测，理由是随着越来越多的美国人接种疫苗，预计其 COVID-19 检测收入将大幅下降，该公司股价下跌 9.3%。其他测试制造商的股价也下跌。</blockquote></p><p>Cloudera Inc(CLDR.N)shares jumped 23.9% after private equity firms KKR &amp; Co(KKR.N)and Clayton Dubilier &amp; Rice LLCagreed to take the data analytics firm private.</p><p><blockquote>在私募股权公司 KKR &amp; Co (KKR.N) 和 Clayton Dubilier &amp; Rice LLC 同意将数据分析公司私有化后，Cloudera Inc (CLDR.N) 股价上涨 23.9%。</blockquote></p><p>A group of“meme stocks” extended gainsfrom the previous week, with shares of <a href=\"https://laohu8.com/S/AMC\">AMC Entertainment</a> Holdings Inc(AMC.N)up 22.7% after the movie theater chain said it sold $230 million of its stock.</p><p><blockquote>一批 “模因股 ”延续了前一周的涨幅，其中<a href=\"https://laohu8.com/S/AMC\">AMC院线</a>Holdings Inc (AMC.N) 上涨 22.7%，此前这家连锁影院表示出售了价值 2.3 亿美元的股票。</blockquote></p><p>Advancing issues outnumbered decliners on the NYSE by a 2.54-to-1 ratio; on <a href=\"https://laohu8.com/S/NDAQ\">Nasdaq</a>, a 1.79-to-1 ratio favored advancers.</p><p><blockquote>纽约证券交易所上涨股票的数量比下跌股票的数量多 2.54 比 1；在<a href=\"https://laohu8.com/S/NDAQ\">纳斯达克</a>1.79比1的比率有利于进步人士。</blockquote></p><p>The S&amp;P 500 posted 73 new 52-week highs and no new lows; the Nasdaq Composite recorded 168 new highs and 25 new lows.</p><p><blockquote>标普500创下73个52周新高，没有新低；纳斯达克综合指数创下168个新高和25个新低。</blockquote></p><p>About 10.7 billion shares changed hands in U.S. exchanges, compared with the 10.5 billion daily average over the last 20 sessions.</p><p><blockquote>美国交易所约有 107 亿股股票易手，而过去 20 个交易日的日均成交量为 105 亿股。</blockquote></p><p><b>Here are company's financial statements：</b></p><p><blockquote><b>以下是公司的财务报表：</b></blockquote></p><p><a href=\"https://laohu8.com/NW/1184181912\" target=\"_blank\"><b>Zoom reports blowout earnings but warns of a coming slowdown</b></a></p><p><blockquote><a href=\"https://laohu8.com/NW/1184181912\" target=\"_blank\"><b>Zoom 报告盈利井喷，但警告即将放缓</b></a></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>S&P 500 dips, as healthcare weighs; Dow ends higher<blockquote>随着医疗保健的压力，标普500下跌；道琼斯指数收高</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nS&P 500 dips, as healthcare weighs; Dow ends higher<blockquote>随着医疗保健的压力，标普500下跌；道琼斯指数收高</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Reuters</strong><span class=\"h-time small\">2021-06-02 07:07</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The S&amp;P 500(.SPX)dipped on Tuesday, with declines in healthcare and tech shares countered by energy and financial gains, as investors weighed the latest U.S. economic data for signs of a rebound and rising inflation.</p><p><blockquote>标普500 (.SPX) 周二下跌，医疗保健和科技股的下跌被能源和金融股的上涨所抵消，投资者权衡最新的美国经济数据是否有反弹和通胀上升的迹象。</blockquote></p><p>The S&amp;P 500 financial sector(.SPSY)hit a record high, while expected growth in fuel demand boosted oil prices and helped lift the energy sector(.SPNY)3.9%, its biggest <a href=\"https://laohu8.com/S/AONE\">one</a>-day gain in nearly four months. The heavyweight tech sector(.SPLRCT)fell while the healthcare sector(.SPXHC)was dragged down by a weak profit forecast from <a href=\"https://laohu8.com/S/ABT\">Abbott Laboratories</a>(ABT.N).</p><p><blockquote>标普500金融业 (.SPSY) 创下历史新高，而燃料需求的预期增长提振了油价，并帮助能源业 (.SPNY) 上涨 3.9%，成为其最大的<a href=\"https://laohu8.com/S/AONE\">一</a>-近四个月的日增。重量级科技板块 (.SPLRCT) 下跌，而医疗保健板块 (.SPXHC) 则受到利润预测疲软的拖累<a href=\"https://laohu8.com/S/ABT\">雅培实验室</a>（ABT.N）。</blockquote></p><p>Data showed U.S.manufacturing activity pickedup in May as pent-up demand in a reopening economy boosted orders. But unfinished work piled up because of shortages of raw materials and labor.</p><p><blockquote>数据显示，由于经济重新开放中被压抑的需求提振了订单，美国 5 月份制造业活动有所回升。但由于原材料和劳动力短缺，未完成的工作堆积如山。</blockquote></p><p>\"People came back from a holiday weekend convinced that the economy is recovering nicely and that any inflation that we might be seeing in labor and other costs is temporary,\" Peter Tuz, president of <a href=\"https://laohu8.com/S/CCF\">Chase</a> Investment Counsel in Charlottesville, Virginia.</p><p><blockquote>“人们从周末假期回来后确信经济复苏良好，我们可能在劳动力和其他成本方面看到的任何通货膨胀都是暂时的，”公司总裁彼得·图兹 (Peter Tuz)<a href=\"https://laohu8.com/S/CCF\">追逐</a>弗吉尼亚州夏洛茨维尔的投资顾问。</blockquote></p><p>The Dow Jones Industrial Average(.DJI)rose 45.86 points, or 0.13%, to 34,575.31; the S&amp;P 500(.SPX)lost 2.07 points, or 0.05%, at 4,202.04; and the <a href=\"https://laohu8.com/S/NDAQ\">Nasdaq</a> Composite(.IXIC)dropped 12.26 points, or 0.09%, to 13,736.48.</p><p><blockquote>道琼斯工业平均指数(.DJI)上涨45.86点，涨幅0.13%，至34,575.31点；标普500 (.SPX) 下跌 2.07 点，或 0.05%，至 4,202.04 点；和<a href=\"https://laohu8.com/S/NDAQ\">纳斯达克</a>综合指数(.IXIC)下跌12.26点，跌幅0.09%，至13,736.48点。</blockquote></p><p>Along with sharp gains for financials and energy, the small-cap Russell 2000(.RUT)rose 1.1% on Tuesday, underscoring strength for segments of the stock market expected to do particularly well in an expanding economy.</p><p><blockquote>随着金融和能源股的大幅上涨，小盘股罗素 2000 指数 (.RUT) 周二上涨 1.1%，凸显了预计在经济扩张中表现尤为出色的股市板块的走强。</blockquote></p><p>While the S&amp;P 500 remains less than 1% of its record high after four straight months of gains, investors are worried about whether rising inflation could hit equity prices.</p><p><blockquote>尽管标普500在连续四个月上涨后仍不到历史高点的1%，但投资者担心通胀上升是否会打击股价。</blockquote></p><p>\"We have supply chain issues, delays, price increases, pricing pressures in general, we have got employers saying they have got difficulty sourcing labor,\" said Kristina Hooper, chief global market strategist at <a href=\"https://laohu8.com/S/IVZ\">Invesco</a> in <a href=\"https://laohu8.com/S/NWY\">New York</a>.</p><p><blockquote>首席全球市场策略师克里斯蒂娜·胡珀 (Kristina Hooper) 表示：“我们面临供应链问题、延误、价格上涨、普遍定价压力，雇主表示他们在寻找劳动力方面遇到困难。”<a href=\"https://laohu8.com/S/IVZ\">景顺</a>在<a href=\"https://laohu8.com/S/NWY\">纽约</a>.</blockquote></p><p>\"So this is a microcosm of what we are already hearing about and seeing in the overall economy and it's just a reminder that inflation remains a concern.\"</p><p><blockquote>“因此，这是我们在整体经济中已经听到和看到的一个缩影，它只是提醒人们通货膨胀仍然是一个令人担忧的问题。”</blockquote></p><p>A Wall St. sign is seen near the <a href=\"https://laohu8.com/S/NYRT\">New York</a> Stock Exchange (NYSE) in <a href=\"https://laohu8.com/S/NGD\">New</a> York <a href=\"https://laohu8.com/S/CHCO\">City</a>, U.S., May 4, 2021. REUTERS/Brendan McDermid/File Photo</p><p><blockquote>附近可以看到华尔街的标志<a href=\"https://laohu8.com/S/NYRT\">纽约</a>纽约证券交易所<a href=\"https://laohu8.com/S/NGD\">新的</a>约克<a href=\"https://laohu8.com/S/CHCO\">城市</a>，美国，2021年5月4日。路透社/布伦丹·麦克德米德/资料照片</blockquote></p><p>Stock markets on Friday brushed off a surge inkey inflation readingsfor April following reassurances from Federal Reserve officials that the central bank’s ultra-loose monetary policy would remain in place.</p><p><blockquote>在美联储官员保证美联储将继续实施超宽松货币政策后，周五股市与 4 月份关键通胀数据的飙升擦肩而过。</blockquote></p><p>Minneapolis Federal Reserve Bank President Neel Kashkari and Fed Vice Chair for supervision Randal Quarles on Tuesday reiterated the view that higher prices would be transitory.</p><p><blockquote>明尼阿波利斯联邦储备银行行长尼尔·卡什卡里和美联储负责监管的副主席兰德尔·夸尔斯周二重申，价格上涨将是暂时的。</blockquote></p><p>This week's focus will be on a raft of economic data, culminating with U.S. payrolls due on Friday.</p><p><blockquote>本周的焦点将是一系列经济数据，最终将于周五公布的美国就业数据。</blockquote></p><p>Abbott Labs shares fell 9.3% after the company cut itsfull-year 2021 profit forecast, citing expectations for a sharp decline in revenue from its COVID-19 tests as more Americans get vaccinated. Shares of other test makers also fell.</p><p><blockquote>雅培实验室下调了 2021 年全年利润预测，理由是随着越来越多的美国人接种疫苗，预计其 COVID-19 检测收入将大幅下降，该公司股价下跌 9.3%。其他测试制造商的股价也下跌。</blockquote></p><p>Cloudera Inc(CLDR.N)shares jumped 23.9% after private equity firms KKR &amp; Co(KKR.N)and Clayton Dubilier &amp; Rice LLCagreed to take the data analytics firm private.</p><p><blockquote>在私募股权公司 KKR &amp; Co (KKR.N) 和 Clayton Dubilier &amp; Rice LLC 同意将数据分析公司私有化后，Cloudera Inc (CLDR.N) 股价上涨 23.9%。</blockquote></p><p>A group of“meme stocks” extended gainsfrom the previous week, with shares of <a href=\"https://laohu8.com/S/AMC\">AMC Entertainment</a> Holdings Inc(AMC.N)up 22.7% after the movie theater chain said it sold $230 million of its stock.</p><p><blockquote>一批 “模因股 ”延续了前一周的涨幅，其中<a href=\"https://laohu8.com/S/AMC\">AMC院线</a>Holdings Inc (AMC.N) 上涨 22.7%，此前这家连锁影院表示出售了价值 2.3 亿美元的股票。</blockquote></p><p>Advancing issues outnumbered decliners on the NYSE by a 2.54-to-1 ratio; on <a href=\"https://laohu8.com/S/NDAQ\">Nasdaq</a>, a 1.79-to-1 ratio favored advancers.</p><p><blockquote>纽约证券交易所上涨股票的数量比下跌股票的数量多 2.54 比 1；在<a href=\"https://laohu8.com/S/NDAQ\">纳斯达克</a>1.79比1的比率有利于进步人士。</blockquote></p><p>The S&amp;P 500 posted 73 new 52-week highs and no new lows; the Nasdaq Composite recorded 168 new highs and 25 new lows.</p><p><blockquote>标普500创下73个52周新高，没有新低；纳斯达克综合指数创下168个新高和25个新低。</blockquote></p><p>About 10.7 billion shares changed hands in U.S. exchanges, compared with the 10.5 billion daily average over the last 20 sessions.</p><p><blockquote>美国交易所约有 107 亿股股票易手，而过去 20 个交易日的日均成交量为 105 亿股。</blockquote></p><p><b>Here are company's financial statements：</b></p><p><blockquote><b>以下是公司的财务报表：</b></blockquote></p><p><a href=\"https://laohu8.com/NW/1184181912\" target=\"_blank\"><b>Zoom reports blowout earnings but warns of a coming slowdown</b></a></p><p><blockquote><a href=\"https://laohu8.com/NW/1184181912\" target=\"_blank\"><b>Zoom 报告盈利井喷，但警告即将放缓</b></a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.reuters.com/business/sp-500-dips-healthcare-weighs-dow-ends-higher-2021-06-01/\">Reuters</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF博时","SPXU":"三倍做空标普500ETF-ProShares","IVV":"标普500ETF-iShares","SDS":"两倍做空标普500 ETF-ProShares","SPY":"标普500ETF",".IXIC":"NASDAQ Composite","SSO":"2倍做多标普500ETF-ProShares","OEF":"标普100指数ETF-iShares","OEX":"标普100","SH":"做空标普500-Proshares","UPRO":"三倍做多标普500ETF-ProShares",".SPX":"S&P 500 Index"},"source_url":"https://www.reuters.com/business/sp-500-dips-healthcare-weighs-dow-ends-higher-2021-06-01/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1106176005","content_text":"The S&P 500(.SPX)dipped on Tuesday, with declines in healthcare and tech shares countered by energy and financial gains, as investors weighed the latest U.S. economic data for signs of a rebound and rising inflation.The S&P 500 financial sector(.SPSY)hit a record high, while expected growth in fuel demand boosted oil prices and helped lift the energy sector(.SPNY)3.9%, its biggest one-day gain in nearly four months. The heavyweight tech sector(.SPLRCT)fell while the healthcare sector(.SPXHC)was dragged down by a weak profit forecast from Abbott Laboratories(ABT.N).Data showed U.S.manufacturing activity pickedup in May as pent-up demand in a reopening economy boosted orders. But unfinished work piled up because of shortages of raw materials and labor.\"People came back from a holiday weekend convinced that the economy is recovering nicely and that any inflation that we might be seeing in labor and other costs is temporary,\" Peter Tuz, president of Chase Investment Counsel in Charlottesville, Virginia.The Dow Jones Industrial Average(.DJI)rose 45.86 points, or 0.13%, to 34,575.31; the S&P 500(.SPX)lost 2.07 points, or 0.05%, at 4,202.04; and the Nasdaq Composite(.IXIC)dropped 12.26 points, or 0.09%, to 13,736.48.Along with sharp gains for financials and energy, the small-cap Russell 2000(.RUT)rose 1.1% on Tuesday, underscoring strength for segments of the stock market expected to do particularly well in an expanding economy.While the S&P 500 remains less than 1% of its record high after four straight months of gains, investors are worried about whether rising inflation could hit equity prices.\"We have supply chain issues, delays, price increases, pricing pressures in general, we have got employers saying they have got difficulty sourcing labor,\" said Kristina Hooper, chief global market strategist at Invesco in New York.\"So this is a microcosm of what we are already hearing about and seeing in the overall economy and it's just a reminder that inflation remains a concern.\"A Wall St. sign is seen near the New York Stock Exchange (NYSE) in New York City, U.S., May 4, 2021. REUTERS/Brendan McDermid/File PhotoStock markets on Friday brushed off a surge inkey inflation readingsfor April following reassurances from Federal Reserve officials that the central bank’s ultra-loose monetary policy would remain in place.Minneapolis Federal Reserve Bank President Neel Kashkari and Fed Vice Chair for supervision Randal Quarles on Tuesday reiterated the view that higher prices would be transitory.This week's focus will be on a raft of economic data, culminating with U.S. payrolls due on Friday.Abbott Labs shares fell 9.3% after the company cut itsfull-year 2021 profit forecast, citing expectations for a sharp decline in revenue from its COVID-19 tests as more Americans get vaccinated. Shares of other test makers also fell.Cloudera Inc(CLDR.N)shares jumped 23.9% after private equity firms KKR & Co(KKR.N)and Clayton Dubilier & Rice LLCagreed to take the data analytics firm private.A group of“meme stocks” extended gainsfrom the previous week, with shares of AMC Entertainment Holdings Inc(AMC.N)up 22.7% after the movie theater chain said it sold $230 million of its stock.Advancing issues outnumbered decliners on the NYSE by a 2.54-to-1 ratio; on Nasdaq, a 1.79-to-1 ratio favored advancers.The S&P 500 posted 73 new 52-week highs and no new lows; the Nasdaq Composite recorded 168 new highs and 25 new lows.About 10.7 billion shares changed hands in U.S. exchanges, compared with the 10.5 billion daily average over the last 20 sessions.Here are company's financial statements：Zoom reports blowout earnings but warns of a coming slowdown","news_type":1,"symbols_score_info":{"161125":0.9,"513500":0.9,"UPRO":0.9,".IXIC":0.9,"SH":0.9,"SSO":0.9,"OEF":0.9,"IVV":0.9,".SPX":0.9,"ESmain":0.9,"SDS":0.9,"SPXU":0.9,"OEX":0.9,"SPY":0.9}},"isVote":1,"tweetType":1,"viewCount":668,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":190640842,"gmtCreate":1620618660086,"gmtModify":1634197640137,"author":{"id":"3576108077327245","authorId":"3576108077327245","name":"Supersonia","avatar":"https://static.tigerbbs.com/a115d5d0552f7e483752e1d20f3c3723","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576108077327245","authorIdStr":"3576108077327245"},"themes":[],"title":"","htmlText":"Trade with caution.&nbsp;","listText":"Trade with caution.&nbsp;","text":"Trade with caution.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/190640842","repostId":"1171756066","repostType":4,"repost":{"id":"1171756066","kind":"news","pubTimestamp":1620614586,"share":"https://www.laohunote.com/m/news/1171756066?lang=zh_CN&edition=full","pubTime":"2021-05-10 10:43","market":"us","language":"en","title":"5 Unbeatable Stocks to Buy for a Biden Bull Market<blockquote>拜登牛市值得买入的 5 只无与伦比的股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1171756066","media":"fool","summary":"When President Joe Biden took office on Jan. 20, 2021, he inherited one of the worst economic catastrophes in decades. The coronavirus disease 2019  pandemic wreaked havoc on the U.S. and global economy, and it briefly sent the U.S. stock market into a tailspin.However, a perfect storm could be brewing for equities under the Biden administration. The Federal Reserve has pledged to hold firm on historically low lending rates, while the White House is calling for trillions of dollars in additional","content":"<p>When President Joe Biden took office on Jan. 20, 2021, he inherited one of the worst economic catastrophes in decades. The coronavirus disease 2019 (COVID-19) pandemic wreaked havoc on the U.S. and global economy, and it briefly sent the U.S. stock market into a tailspin.</p><p><blockquote>当乔·拜登总统于2021年1月20日就职时，他继承了几十年来最严重的经济灾难之一。2019年冠状病毒病（COVID-19）大流行对美国和全球经济造成了严重破坏，并一度导致美国股市陷入混乱。</blockquote></p><p> However, a perfect storm could be brewing for equities under the Biden administration. The Federal Reserve has pledged to hold firm on historically low lending rates, while the White House is calling for trillions of dollars in additional spending. This abundant access to cheap capital is the perfect recipe for stocks to thrive in a rebounding economy.</p><p><blockquote>然而，拜登政府领导下的股市可能正在酝酿一场完美的风暴。美联储承诺将保持在历史低位，而白宫则呼吁追加数万亿美元的支出。这种充足的廉价资本渠道是股市在反弹的经济中蓬勃发展的完美秘诀。</blockquote></p><p> If a Biden bull market does take shape, the following five unbeatable stocks would be the perfect companies to own.</p><p><blockquote>如果拜登牛市确实形成，以下五只无与伦比的股票将是拥有的完美公司。</blockquote></p><p> <b>Alphabet</b></p><p><blockquote><b>Alphabet</b></blockquote></p><p> Few stocks are more synonymous with the word \"unbeatable\" than&nbsp;<b>Alphabet</b>(NASDAQ:GOOGL)(NASDAQ:GOOG), the parent company of internet search engine Google and streaming platform YouTube.</p><p><blockquote>很少有股票比这更能代表“无与伦比”一词<b>Alphabet</b>（纳斯达克股票代码：GOOGL）（纳斯达克股票代码：GOOG），互联网搜索引擎谷歌和流媒体平台YouTube的母公司。</blockquote></p><p> Alphabet operates what might as well be a monopoly in internet search. According to GlobalStats, Google has consistently maintainedglobal search engine market share of 91% to 93%for at least the past two years. Its next-closest competitor,<b>Microsoft</b>'s Bing, hardly registered with a 2.29% share of the search engine market in April 2021. Being such a dominant force in search means advertisers will pay up for prime placement. It also suggests that the company's traffic acquisition costs should decline over time. As the U.S. and global economy improve, ad spending should really pick up.</p><p><blockquote>Alphabet经营着互联网搜索领域的垄断企业。根据GlobalStats的数据，至少在过去两年里，谷歌一直将全球搜索引擎市场份额保持在91%至93%。它下一个最接近的竞争对手，<b>微软</b>2021 年 4 月，必应勉强占据搜索引擎市场 2.29% 的份额。在搜索中占据主导地位意味着广告商将为黄金位置付费。它还表明，随着时间的推移，该公司的流量获取成本应该会下降。随着美国和全球经济的改善，广告支出应该会真正回升。</blockquote></p><p> But Alphabetis about more than just internet search. Ad revenue generated from YouTube -- one of the three most-visited social sites on the planet -- jumped 49% in the first quarter to $6 billion. Meanwhile, revenue from cloud infrastructure segment Google Cloud rose 46% to $4 billion. These once small ancillary operations are now on track to contribute $40 billion in sales to Alphabet on an annual run-rate basis.</p><p><blockquote>但是字母表不仅仅是互联网搜索。YouTube 是全球访问量最大的三个社交网站之一，第一季度产生的广告收入增长了 49%，达到 60 亿美元。与此同时，云基础设施部门谷歌云的收入增长了 46%，达到 40 亿美元。这些曾经规模较小的辅助业务现在有望每年为Alphabet贡献 400 亿美元的销售额。</blockquote></p><p> Despite its $1.6 trillion price tag, Alphabet is still a bargain.</p><p><blockquote>尽管标价 1.6 万亿美元，Alphabet仍然很便宜。</blockquote></p><p> <b>AstraZeneca</b></p><p><blockquote><b>阿斯利康</b></blockquote></p><p> For two decades,pharmaceutical stock&nbsp;<b>AstraZeneca</b>(NASDAQ:AZN)was a largely forgettable drug developer that struggled with competition and the patent cliff. Today, it's reinvented itself into a bona fide growth stock with a bright future.</p><p><blockquote>二十年来，医药股<b>阿斯利康</b>（纳斯达克股票代码：AZN）是一家基本上被遗忘的药物开发商，在竞争和专利悬崖中苦苦挣扎。如今，它已将自己重塑为一只拥有光明未来的真正成长型股票。</blockquote></p><p> The primary growth driver for AstraZenecais the company's oncology segment. In the first quarter alone, constant currency sales jumped 16% to $3.02 billion. The company's blockbuster trio of Tagrisso, Imfinzi, and Lynparza led the way with respective constant-currency sales growth of 13%, 17%, and 33%. Diabetes blockbuster drug Farxiga also deserves a mention with its 50% constant-currency sales growth in Q1 2021. The company's brand-name treatments are on fire, and it's led to sustainable double-digit topline growth.</p><p><blockquote>阿斯利康的主要增长动力是该公司的肿瘤部门。仅在第一季度，固定货币销售额就跃升了 16%，达到 30.2 亿美元。该公司的重磅三人组Tagrisso、Imfinzi和Lynparza分别以13%、17%和33%的固定汇率销售额增长领先。糖尿病重磅药物 Farxiga 也值得一提，其 2021 年第一季度固定汇率销售额增长了 50%。该公司的品牌治疗火爆，并带来了可持续的两位数营收增长。</blockquote></p><p> Equally exciting is AstraZeneca's pending acquisition of<b>Alexion Pharmaceuticals</b>(NASDAQ:ALXN). Alexion is a developer of ultra-rare therapeutics. Though it's risky developing treatments for such a small group of patients, success is usually met with no competition and little or no pushback from health insurers on high list prices.</p><p><blockquote>同样令人兴奋的是阿斯利康即将收购<b>Alexion制药公司</b>（纳斯达克股票代码：ALXN）。Alexion是超稀有疗法的开发商。尽管为这样一小部分患者开发治疗方法是有风险的，但成功通常是在没有竞争的情况下实现的，健康保险公司很少或根本没有高价的反对。</blockquote></p><p> The best part about the Alexion deal is the companydeveloped a replacement for its top-selling drug, Soliris. The next-generation therapy, known as Ultomiris, is administered less frequently, which is a positive for patients. Eventually, Ultomiris will gobble up Soliris' sales and lock-up Alexion's/AstraZeneca's cash flow for a long time to come.</p><p><blockquote>Alexion 交易最好的部分是该公司开发了其最畅销药物 Soliris 的替代品。下一代疗法被称为Ultomiris，给药频率较低，这对患者来说是一个积极因素。最终，Ultomiris 将吞噬 Soliris 的销售额，并在未来很长一段时间内锁定 Alexion/AstraZeneca 的现金流。</blockquote></p><p> <b>Mastercard</b></p><p><blockquote><b>万事达卡</b></blockquote></p><p> Another unbeatable stock that can deliver superior returns with Biden in the White House is payment facilitator<b>Mastercard</b>(NYSE:MA).</p><p><blockquote>拜登入主白宫后，另一只能够带来丰厚回报的无与伦比的股票是支付促进者<b>万事达卡</b>（纽约证券交易所代码：MA）。</blockquote></p><p> Like mostfinancial stocks, Mastercard is cyclical. This means it struggles when the U.S. and global economy contract or enter a recession and it thrives when the economy is running on all cylinders. That's because it relies on merchant fees via payments to drive its top and bottom line. But the thing to understand about cyclical companies like Mastercard is that time is on their side. Whereas recessions often last for a few quarters, periods of expansion usually last many years. Considering how much money the Biden administration is attempting to pump into the U.S. economy, Mastercard should have a field day.</p><p><blockquote>与大多数金融股一样，万事达卡也具有周期性。这意味着，当美国和全球经济收缩或陷入衰退时，它会陷入困境；而当经济全速运转时，它会蓬勃发展。这是因为它依靠通过支付的商家费用来推动其营收和利润。但对于像万事达卡这样的周期性公司，需要理解的是时间站在他们一边。经济衰退通常会持续几个季度，而扩张期通常会持续很多年。考虑到拜登政府试图向美国经济注入多少资金，万事达卡应该会有一个实地日。</blockquote></p><p> Something else to consider is that Mastercardhas chosen not to be a lender. Although some of its peers do act as both processors and lenders (via credit cards), and are therefore able to double-dip during economic expansions, Mastercard's avoidance of lending is actually a smart move. When recessions inevitably strike and credit delinquencies rise, Mastercard doesn't have set aside cash. This is why it rebounds much quicker than its peers during the early stages of a recovery.</p><p><blockquote>另一件需要考虑的事情是，万事达卡选择不成为贷款人。尽管它的一些同行确实既充当处理者又充当贷款人（通过信用卡），因此能够在经济扩张期间进行双重投资，但万事达卡避免贷款实际上是一个明智之举。当经济衰退不可避免地来袭且信用拖欠率上升时，万事达卡并没有预留现金。这就是为什么在复苏的早期阶段，它的反弹速度比同行快得多。</blockquote></p><p></p><p> The math here is simple: As the economy picks up steam, consumers and businesses are going to spend, spend, and spend some more. That's music to the ears of all Mastercard shareholders.</p><p><blockquote>这里的数学很简单：随着经济加速发展，消费者和企业将会消费、消费、再消费。这是所有万事达卡股东耳朵里的音乐。</blockquote></p><p> <b>Annaly Capital Management</b></p><p><blockquote><b>安纳利资本管理公司</b></blockquote></p><p> Don't worry, I haven't forgotten about you dividend income-seekers out there. If a Biden bull market takes shape, mortgage real estate investment trust (REIT)<b>Annaly Capital Management</b>(NYSE:NLY)could be a smart place to put your money to work.</p><p><blockquote>别担心，我没有忘记你们这些寻求股息收入的人。如果拜登牛市形成，抵押房地产投资信托基金 (REIT)<b>安纳利资本管理公司</b>（纽约证券交易所股票代码：NLY）可能是一个明智的投资场所。</blockquote></p><p> Without getting overly technical, mortgage REITs like Annaly borrow money at short-term lending rates and use it to purchase securities with higher long-term yields. In Annaly's case, we're primarily talking about mortgage-backed securities (MBS). The difference between the long-term yield received and the short-term borrowing rate is known as net interest margin (NIM). The wider the NIM, the more profitable Annaly is, and the bigger the dividend payout it can provide to shareholders. Right now, Annaly Capital isyielding a jaw-dropping 9.7%.</p><p><blockquote>在不过分技术性的情况下，像 Annaly 这样的抵押房地产投资信托基金以短期贷款利率借钱，并用它来购买长期收益率较高的证券。在 Annaly 的案例中，我们主要谈论的是抵押贷款支持证券 (MBS)。收到的长期收益率与短期借款利率之间的差额称为净息差（NIM）。NIM 越宽，Annaly 的盈利能力就越强，能够为股东提供的股息支付也就越大。目前，Annaly Capital 的收益率高达 9.7%。</blockquote></p><p> What makes Annaly such a perfect stock to buy is thatwe're witnessing the yield curve steepen. When the U.S. economy is rebounding from a recession, it's normal for long-term yields to rise and for short-term yields to fall or flatten out. When this happens, Annaly usually experiences a widening of its NIM.</p><p><blockquote>Annaly 之所以成为如此完美的购买股票，是因为我们正在目睹收益率曲线陡峭。当美国经济从衰退中反弹时，长期收益率上升、短期收益率下降或持平是正常的。当这种情况发生时，Annaly通常会经历其NIM的扩大。</blockquote></p><p> Additionally, Annaly almost exclusively buys agency securities. This is a fancy way of saying that the MBSs it's purchasing are backed by the federal government in the event of a default. This protection is what allows the company to utilize leverage to its advantage, thereby pumping up its profits.</p><p><blockquote>此外，Annaly 几乎只购买机构证券。这是一种奇特的说法，即它购买的 MBS 在发生违约时得到了联邦政府的支持。这种保护使公司能够利用杠杆作用，从而增加利润。</blockquote></p><p> <b>Trupanion</b></p><p><blockquote><b>特鲁帕尼翁</b></blockquote></p><p> Lastly, companion animal health insurance company&nbsp;<b>Trupanion</b>(NASDAQ:TRUP)has all the look of an unbeatable stock to buy in a Biden bull market.</p><p><blockquote>最后，伴侣动物健康保险公司<b>特鲁帕尼翁</b>（纳斯达克股票代码：TRUP）看起来是拜登牛市中一只无与伦比的股票。</blockquote></p><p> The pet industry may not offer flashy growth prospects like cybersecurity or cannabis, but it's arguably themost consistent growth opportunity. It's been more than a quarter of a century since year-over-year U.S. pet expenditures declined. Further, the American Pet Products Association notes that the percentage of American household owning a pet has increased from 56% in 1988 to 67% by 2019-2020. If we've learned anything about pet owners, it's that they're willing to spend big bucks to ensure the well-being of their four-legged family members.</p><p><blockquote>宠物行业可能不会像网络安全或大麻那样提供华丽的增长前景，但它可以说是最持续的增长机会。美国宠物支出逐年下降已经超过四分之一个世纪了。此外，美国宠物产品协会指出，美国家庭拥有宠物的比例从1988年的56%增加到2019-2020年的67%。如果说我们从宠物主人身上学到了什么，那就是他们愿意花很多钱来确保他们四条腿的家庭成员的福祉。</blockquote></p><p> Trupanion, which recently lifted the hood on its first-quarter operating results, isclosing in on 1 million total enrolled pets(943,854 at the end of Q1 2021). Amazingly, this only represents a little over 1% penetration of the U.S. market. In the U.K., about 1 in 4 pet owners purchases insurance for their cat or dog. If Trupanion can achieve a similar penetration rate, its addressable market would be more than $32 billion.</p><p><blockquote>Trupanion 最近公布了第一季度经营业绩，注册宠物总数为 100 万只（截至 2021 年第一季度末为 943,854 只）。令人惊讶的是，这只代表了美国市场1%多一点的渗透率。在英国，大约四分之一的宠物主人为他们的猫或狗购买保险。如果Trupanion能够实现类似的渗透率，其潜在市场将超过320亿美元。</blockquote></p><p> This is a company that's spent two decades building up rapport with veterinarians and their staff at the clinical level. It's also the only major companion animal health insurance provider with software capable of handling payment to veterinarians at the time of checkout.</p><p><blockquote>这是一家花了20年时间在临床层面与兽医及其工作人员建立融洽关系的公司。它也是唯一一家拥有能够在结账时向兽医付款的软件的主要伴侣动物健康保险提供商。</blockquote></p><p> The sky is the limit for Trupanion.</p><p><blockquote>天空是特鲁帕尼翁的极限。</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>5 Unbeatable Stocks to Buy for a Biden Bull Market<blockquote>拜登牛市值得买入的 5 只无与伦比的股票</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\">\n5 Unbeatable Stocks to Buy for a Biden Bull Market<blockquote>拜登牛市值得买入的 5 只无与伦比的股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">fool</strong><span class=\"h-time small\">2021-05-10 10:43</span>\n</p>\n</h4>\n</header>\n<article>\n<p>When President Joe Biden took office on Jan. 20, 2021, he inherited one of the worst economic catastrophes in decades. The coronavirus disease 2019 (COVID-19) pandemic wreaked havoc on the U.S. and global economy, and it briefly sent the U.S. stock market into a tailspin.</p><p><blockquote>当乔·拜登总统于2021年1月20日就职时，他继承了几十年来最严重的经济灾难之一。2019年冠状病毒病（COVID-19）大流行对美国和全球经济造成了严重破坏，并一度导致美国股市陷入混乱。</blockquote></p><p> However, a perfect storm could be brewing for equities under the Biden administration. The Federal Reserve has pledged to hold firm on historically low lending rates, while the White House is calling for trillions of dollars in additional spending. This abundant access to cheap capital is the perfect recipe for stocks to thrive in a rebounding economy.</p><p><blockquote>然而，拜登政府领导下的股市可能正在酝酿一场完美的风暴。美联储承诺将保持在历史低位，而白宫则呼吁追加数万亿美元的支出。这种充足的廉价资本渠道是股市在反弹的经济中蓬勃发展的完美秘诀。</blockquote></p><p> If a Biden bull market does take shape, the following five unbeatable stocks would be the perfect companies to own.</p><p><blockquote>如果拜登牛市确实形成，以下五只无与伦比的股票将是拥有的完美公司。</blockquote></p><p> <b>Alphabet</b></p><p><blockquote><b>Alphabet</b></blockquote></p><p> Few stocks are more synonymous with the word \"unbeatable\" than&nbsp;<b>Alphabet</b>(NASDAQ:GOOGL)(NASDAQ:GOOG), the parent company of internet search engine Google and streaming platform YouTube.</p><p><blockquote>很少有股票比这更能代表“无与伦比”一词<b>Alphabet</b>（纳斯达克股票代码：GOOGL）（纳斯达克股票代码：GOOG），互联网搜索引擎谷歌和流媒体平台YouTube的母公司。</blockquote></p><p> Alphabet operates what might as well be a monopoly in internet search. According to GlobalStats, Google has consistently maintainedglobal search engine market share of 91% to 93%for at least the past two years. Its next-closest competitor,<b>Microsoft</b>'s Bing, hardly registered with a 2.29% share of the search engine market in April 2021. Being such a dominant force in search means advertisers will pay up for prime placement. It also suggests that the company's traffic acquisition costs should decline over time. As the U.S. and global economy improve, ad spending should really pick up.</p><p><blockquote>Alphabet经营着互联网搜索领域的垄断企业。根据GlobalStats的数据，至少在过去两年里，谷歌一直将全球搜索引擎市场份额保持在91%至93%。它下一个最接近的竞争对手，<b>微软</b>2021 年 4 月，必应勉强占据搜索引擎市场 2.29% 的份额。在搜索中占据主导地位意味着广告商将为黄金位置付费。它还表明，随着时间的推移，该公司的流量获取成本应该会下降。随着美国和全球经济的改善，广告支出应该会真正回升。</blockquote></p><p> But Alphabetis about more than just internet search. Ad revenue generated from YouTube -- one of the three most-visited social sites on the planet -- jumped 49% in the first quarter to $6 billion. Meanwhile, revenue from cloud infrastructure segment Google Cloud rose 46% to $4 billion. These once small ancillary operations are now on track to contribute $40 billion in sales to Alphabet on an annual run-rate basis.</p><p><blockquote>但是字母表不仅仅是互联网搜索。YouTube 是全球访问量最大的三个社交网站之一，第一季度产生的广告收入增长了 49%，达到 60 亿美元。与此同时，云基础设施部门谷歌云的收入增长了 46%，达到 40 亿美元。这些曾经规模较小的辅助业务现在有望每年为Alphabet贡献 400 亿美元的销售额。</blockquote></p><p> Despite its $1.6 trillion price tag, Alphabet is still a bargain.</p><p><blockquote>尽管标价 1.6 万亿美元，Alphabet仍然很便宜。</blockquote></p><p> <b>AstraZeneca</b></p><p><blockquote><b>阿斯利康</b></blockquote></p><p> For two decades,pharmaceutical stock&nbsp;<b>AstraZeneca</b>(NASDAQ:AZN)was a largely forgettable drug developer that struggled with competition and the patent cliff. Today, it's reinvented itself into a bona fide growth stock with a bright future.</p><p><blockquote>二十年来，医药股<b>阿斯利康</b>（纳斯达克股票代码：AZN）是一家基本上被遗忘的药物开发商，在竞争和专利悬崖中苦苦挣扎。如今，它已将自己重塑为一只拥有光明未来的真正成长型股票。</blockquote></p><p> The primary growth driver for AstraZenecais the company's oncology segment. In the first quarter alone, constant currency sales jumped 16% to $3.02 billion. The company's blockbuster trio of Tagrisso, Imfinzi, and Lynparza led the way with respective constant-currency sales growth of 13%, 17%, and 33%. Diabetes blockbuster drug Farxiga also deserves a mention with its 50% constant-currency sales growth in Q1 2021. The company's brand-name treatments are on fire, and it's led to sustainable double-digit topline growth.</p><p><blockquote>阿斯利康的主要增长动力是该公司的肿瘤部门。仅在第一季度，固定货币销售额就跃升了 16%，达到 30.2 亿美元。该公司的重磅三人组Tagrisso、Imfinzi和Lynparza分别以13%、17%和33%的固定汇率销售额增长领先。糖尿病重磅药物 Farxiga 也值得一提，其 2021 年第一季度固定汇率销售额增长了 50%。该公司的品牌治疗火爆，并带来了可持续的两位数营收增长。</blockquote></p><p> Equally exciting is AstraZeneca's pending acquisition of<b>Alexion Pharmaceuticals</b>(NASDAQ:ALXN). Alexion is a developer of ultra-rare therapeutics. Though it's risky developing treatments for such a small group of patients, success is usually met with no competition and little or no pushback from health insurers on high list prices.</p><p><blockquote>同样令人兴奋的是阿斯利康即将收购<b>Alexion制药公司</b>（纳斯达克股票代码：ALXN）。Alexion是超稀有疗法的开发商。尽管为这样一小部分患者开发治疗方法是有风险的，但成功通常是在没有竞争的情况下实现的，健康保险公司很少或根本没有高价的反对。</blockquote></p><p> The best part about the Alexion deal is the companydeveloped a replacement for its top-selling drug, Soliris. The next-generation therapy, known as Ultomiris, is administered less frequently, which is a positive for patients. Eventually, Ultomiris will gobble up Soliris' sales and lock-up Alexion's/AstraZeneca's cash flow for a long time to come.</p><p><blockquote>Alexion 交易最好的部分是该公司开发了其最畅销药物 Soliris 的替代品。下一代疗法被称为Ultomiris，给药频率较低，这对患者来说是一个积极因素。最终，Ultomiris 将吞噬 Soliris 的销售额，并在未来很长一段时间内锁定 Alexion/AstraZeneca 的现金流。</blockquote></p><p> <b>Mastercard</b></p><p><blockquote><b>万事达卡</b></blockquote></p><p> Another unbeatable stock that can deliver superior returns with Biden in the White House is payment facilitator<b>Mastercard</b>(NYSE:MA).</p><p><blockquote>拜登入主白宫后，另一只能够带来丰厚回报的无与伦比的股票是支付促进者<b>万事达卡</b>（纽约证券交易所代码：MA）。</blockquote></p><p> Like mostfinancial stocks, Mastercard is cyclical. This means it struggles when the U.S. and global economy contract or enter a recession and it thrives when the economy is running on all cylinders. That's because it relies on merchant fees via payments to drive its top and bottom line. But the thing to understand about cyclical companies like Mastercard is that time is on their side. Whereas recessions often last for a few quarters, periods of expansion usually last many years. Considering how much money the Biden administration is attempting to pump into the U.S. economy, Mastercard should have a field day.</p><p><blockquote>与大多数金融股一样，万事达卡也具有周期性。这意味着，当美国和全球经济收缩或陷入衰退时，它会陷入困境；而当经济全速运转时，它会蓬勃发展。这是因为它依靠通过支付的商家费用来推动其营收和利润。但对于像万事达卡这样的周期性公司，需要理解的是时间站在他们一边。经济衰退通常会持续几个季度，而扩张期通常会持续很多年。考虑到拜登政府试图向美国经济注入多少资金，万事达卡应该会有一个实地日。</blockquote></p><p> Something else to consider is that Mastercardhas chosen not to be a lender. Although some of its peers do act as both processors and lenders (via credit cards), and are therefore able to double-dip during economic expansions, Mastercard's avoidance of lending is actually a smart move. When recessions inevitably strike and credit delinquencies rise, Mastercard doesn't have set aside cash. This is why it rebounds much quicker than its peers during the early stages of a recovery.</p><p><blockquote>另一件需要考虑的事情是，万事达卡选择不成为贷款人。尽管它的一些同行确实既充当处理者又充当贷款人（通过信用卡），因此能够在经济扩张期间进行双重投资，但万事达卡避免贷款实际上是一个明智之举。当经济衰退不可避免地来袭且信用拖欠率上升时，万事达卡并没有预留现金。这就是为什么在复苏的早期阶段，它的反弹速度比同行快得多。</blockquote></p><p></p><p> The math here is simple: As the economy picks up steam, consumers and businesses are going to spend, spend, and spend some more. That's music to the ears of all Mastercard shareholders.</p><p><blockquote>这里的数学很简单：随着经济加速发展，消费者和企业将会消费、消费、再消费。这是所有万事达卡股东耳朵里的音乐。</blockquote></p><p> <b>Annaly Capital Management</b></p><p><blockquote><b>安纳利资本管理公司</b></blockquote></p><p> Don't worry, I haven't forgotten about you dividend income-seekers out there. If a Biden bull market takes shape, mortgage real estate investment trust (REIT)<b>Annaly Capital Management</b>(NYSE:NLY)could be a smart place to put your money to work.</p><p><blockquote>别担心，我没有忘记你们这些寻求股息收入的人。如果拜登牛市形成，抵押房地产投资信托基金 (REIT)<b>安纳利资本管理公司</b>（纽约证券交易所股票代码：NLY）可能是一个明智的投资场所。</blockquote></p><p> Without getting overly technical, mortgage REITs like Annaly borrow money at short-term lending rates and use it to purchase securities with higher long-term yields. In Annaly's case, we're primarily talking about mortgage-backed securities (MBS). The difference between the long-term yield received and the short-term borrowing rate is known as net interest margin (NIM). The wider the NIM, the more profitable Annaly is, and the bigger the dividend payout it can provide to shareholders. Right now, Annaly Capital isyielding a jaw-dropping 9.7%.</p><p><blockquote>在不过分技术性的情况下，像 Annaly 这样的抵押房地产投资信托基金以短期贷款利率借钱，并用它来购买长期收益率较高的证券。在 Annaly 的案例中，我们主要谈论的是抵押贷款支持证券 (MBS)。收到的长期收益率与短期借款利率之间的差额称为净息差（NIM）。NIM 越宽，Annaly 的盈利能力就越强，能够为股东提供的股息支付也就越大。目前，Annaly Capital 的收益率高达 9.7%。</blockquote></p><p> What makes Annaly such a perfect stock to buy is thatwe're witnessing the yield curve steepen. When the U.S. economy is rebounding from a recession, it's normal for long-term yields to rise and for short-term yields to fall or flatten out. When this happens, Annaly usually experiences a widening of its NIM.</p><p><blockquote>Annaly 之所以成为如此完美的购买股票，是因为我们正在目睹收益率曲线陡峭。当美国经济从衰退中反弹时，长期收益率上升、短期收益率下降或持平是正常的。当这种情况发生时，Annaly通常会经历其NIM的扩大。</blockquote></p><p> Additionally, Annaly almost exclusively buys agency securities. This is a fancy way of saying that the MBSs it's purchasing are backed by the federal government in the event of a default. This protection is what allows the company to utilize leverage to its advantage, thereby pumping up its profits.</p><p><blockquote>此外，Annaly 几乎只购买机构证券。这是一种奇特的说法，即它购买的 MBS 在发生违约时得到了联邦政府的支持。这种保护使公司能够利用杠杆作用，从而增加利润。</blockquote></p><p> <b>Trupanion</b></p><p><blockquote><b>特鲁帕尼翁</b></blockquote></p><p> Lastly, companion animal health insurance company&nbsp;<b>Trupanion</b>(NASDAQ:TRUP)has all the look of an unbeatable stock to buy in a Biden bull market.</p><p><blockquote>最后，伴侣动物健康保险公司<b>特鲁帕尼翁</b>（纳斯达克股票代码：TRUP）看起来是拜登牛市中一只无与伦比的股票。</blockquote></p><p> The pet industry may not offer flashy growth prospects like cybersecurity or cannabis, but it's arguably themost consistent growth opportunity. It's been more than a quarter of a century since year-over-year U.S. pet expenditures declined. Further, the American Pet Products Association notes that the percentage of American household owning a pet has increased from 56% in 1988 to 67% by 2019-2020. If we've learned anything about pet owners, it's that they're willing to spend big bucks to ensure the well-being of their four-legged family members.</p><p><blockquote>宠物行业可能不会像网络安全或大麻那样提供华丽的增长前景，但它可以说是最持续的增长机会。美国宠物支出逐年下降已经超过四分之一个世纪了。此外，美国宠物产品协会指出，美国家庭拥有宠物的比例从1988年的56%增加到2019-2020年的67%。如果说我们从宠物主人身上学到了什么，那就是他们愿意花很多钱来确保他们四条腿的家庭成员的福祉。</blockquote></p><p> Trupanion, which recently lifted the hood on its first-quarter operating results, isclosing in on 1 million total enrolled pets(943,854 at the end of Q1 2021). Amazingly, this only represents a little over 1% penetration of the U.S. market. In the U.K., about 1 in 4 pet owners purchases insurance for their cat or dog. If Trupanion can achieve a similar penetration rate, its addressable market would be more than $32 billion.</p><p><blockquote>Trupanion 最近公布了第一季度经营业绩，注册宠物总数为 100 万只（截至 2021 年第一季度末为 943,854 只）。令人惊讶的是，这只代表了美国市场1%多一点的渗透率。在英国，大约四分之一的宠物主人为他们的猫或狗购买保险。如果Trupanion能够实现类似的渗透率，其潜在市场将超过320亿美元。</blockquote></p><p> This is a company that's spent two decades building up rapport with veterinarians and their staff at the clinical level. It's also the only major companion animal health insurance provider with software capable of handling payment to veterinarians at the time of checkout.</p><p><blockquote>这是一家花了20年时间在临床层面与兽医及其工作人员建立融洽关系的公司。它也是唯一一家拥有能够在结账时向兽医付款的软件的主要伴侣动物健康保险提供商。</blockquote></p><p> The sky is the limit for Trupanion.</p><p><blockquote>天空是特鲁帕尼翁的极限。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/05/09/5-unbeatable-stocks-to-buy-for-a-biden-bull-market/\">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":{"AZN":"阿斯利康","MA":"万事达","TRUP":"Trupanion","GOOGL":"谷歌A","NLY":"Annaly Capital Management"},"source_url":"https://www.fool.com/investing/2021/05/09/5-unbeatable-stocks-to-buy-for-a-biden-bull-market/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1171756066","content_text":"When President Joe Biden took office on Jan. 20, 2021, he inherited one of the worst economic catastrophes in decades. The coronavirus disease 2019 (COVID-19) pandemic wreaked havoc on the U.S. and global economy, and it briefly sent the U.S. stock market into a tailspin.\nHowever, a perfect storm could be brewing for equities under the Biden administration. The Federal Reserve has pledged to hold firm on historically low lending rates, while the White House is calling for trillions of dollars in additional spending. This abundant access to cheap capital is the perfect recipe for stocks to thrive in a rebounding economy.\nIf a Biden bull market does take shape, the following five unbeatable stocks would be the perfect companies to own.\nAlphabet\nFew stocks are more synonymous with the word \"unbeatable\" than Alphabet(NASDAQ:GOOGL)(NASDAQ:GOOG), the parent company of internet search engine Google and streaming platform YouTube.\nAlphabet operates what might as well be a monopoly in internet search. According to GlobalStats, Google has consistently maintainedglobal search engine market share of 91% to 93%for at least the past two years. Its next-closest competitor,Microsoft's Bing, hardly registered with a 2.29% share of the search engine market in April 2021. Being such a dominant force in search means advertisers will pay up for prime placement. It also suggests that the company's traffic acquisition costs should decline over time. As the U.S. and global economy improve, ad spending should really pick up.\nBut Alphabetis about more than just internet search. Ad revenue generated from YouTube -- one of the three most-visited social sites on the planet -- jumped 49% in the first quarter to $6 billion. Meanwhile, revenue from cloud infrastructure segment Google Cloud rose 46% to $4 billion. These once small ancillary operations are now on track to contribute $40 billion in sales to Alphabet on an annual run-rate basis.\nDespite its $1.6 trillion price tag, Alphabet is still a bargain.\nAstraZeneca\nFor two decades,pharmaceutical stock AstraZeneca(NASDAQ:AZN)was a largely forgettable drug developer that struggled with competition and the patent cliff. Today, it's reinvented itself into a bona fide growth stock with a bright future.\nThe primary growth driver for AstraZenecais the company's oncology segment. In the first quarter alone, constant currency sales jumped 16% to $3.02 billion. The company's blockbuster trio of Tagrisso, Imfinzi, and Lynparza led the way with respective constant-currency sales growth of 13%, 17%, and 33%. Diabetes blockbuster drug Farxiga also deserves a mention with its 50% constant-currency sales growth in Q1 2021. The company's brand-name treatments are on fire, and it's led to sustainable double-digit topline growth.\nEqually exciting is AstraZeneca's pending acquisition ofAlexion Pharmaceuticals(NASDAQ:ALXN). Alexion is a developer of ultra-rare therapeutics. Though it's risky developing treatments for such a small group of patients, success is usually met with no competition and little or no pushback from health insurers on high list prices.\nThe best part about the Alexion deal is the companydeveloped a replacement for its top-selling drug, Soliris. The next-generation therapy, known as Ultomiris, is administered less frequently, which is a positive for patients. Eventually, Ultomiris will gobble up Soliris' sales and lock-up Alexion's/AstraZeneca's cash flow for a long time to come.\nMastercard\nAnother unbeatable stock that can deliver superior returns with Biden in the White House is payment facilitatorMastercard(NYSE:MA).\nLike mostfinancial stocks, Mastercard is cyclical. This means it struggles when the U.S. and global economy contract or enter a recession and it thrives when the economy is running on all cylinders. That's because it relies on merchant fees via payments to drive its top and bottom line. But the thing to understand about cyclical companies like Mastercard is that time is on their side. Whereas recessions often last for a few quarters, periods of expansion usually last many years. Considering how much money the Biden administration is attempting to pump into the U.S. economy, Mastercard should have a field day.\nSomething else to consider is that Mastercardhas chosen not to be a lender. Although some of its peers do act as both processors and lenders (via credit cards), and are therefore able to double-dip during economic expansions, Mastercard's avoidance of lending is actually a smart move. When recessions inevitably strike and credit delinquencies rise, Mastercard doesn't have set aside cash. This is why it rebounds much quicker than its peers during the early stages of a recovery.\nThe math here is simple: As the economy picks up steam, consumers and businesses are going to spend, spend, and spend some more. That's music to the ears of all Mastercard shareholders.\nAnnaly Capital Management\nDon't worry, I haven't forgotten about you dividend income-seekers out there. If a Biden bull market takes shape, mortgage real estate investment trust (REIT)Annaly Capital Management(NYSE:NLY)could be a smart place to put your money to work.\nWithout getting overly technical, mortgage REITs like Annaly borrow money at short-term lending rates and use it to purchase securities with higher long-term yields. In Annaly's case, we're primarily talking about mortgage-backed securities (MBS). The difference between the long-term yield received and the short-term borrowing rate is known as net interest margin (NIM). The wider the NIM, the more profitable Annaly is, and the bigger the dividend payout it can provide to shareholders. Right now, Annaly Capital isyielding a jaw-dropping 9.7%.\nWhat makes Annaly such a perfect stock to buy is thatwe're witnessing the yield curve steepen. When the U.S. economy is rebounding from a recession, it's normal for long-term yields to rise and for short-term yields to fall or flatten out. When this happens, Annaly usually experiences a widening of its NIM.\nAdditionally, Annaly almost exclusively buys agency securities. This is a fancy way of saying that the MBSs it's purchasing are backed by the federal government in the event of a default. This protection is what allows the company to utilize leverage to its advantage, thereby pumping up its profits.\nTrupanion\nLastly, companion animal health insurance company Trupanion(NASDAQ:TRUP)has all the look of an unbeatable stock to buy in a Biden bull market.\nThe pet industry may not offer flashy growth prospects like cybersecurity or cannabis, but it's arguably themost consistent growth opportunity. It's been more than a quarter of a century since year-over-year U.S. pet expenditures declined. Further, the American Pet Products Association notes that the percentage of American household owning a pet has increased from 56% in 1988 to 67% by 2019-2020. If we've learned anything about pet owners, it's that they're willing to spend big bucks to ensure the well-being of their four-legged family members.\nTrupanion, which recently lifted the hood on its first-quarter operating results, isclosing in on 1 million total enrolled pets(943,854 at the end of Q1 2021). Amazingly, this only represents a little over 1% penetration of the U.S. market. In the U.K., about 1 in 4 pet owners purchases insurance for their cat or dog. If Trupanion can achieve a similar penetration rate, its addressable market would be more than $32 billion.\nThis is a company that's spent two decades building up rapport with veterinarians and their staff at the clinical level. It's also the only major companion animal health insurance provider with software capable of handling payment to veterinarians at the time of checkout.\nThe sky is the limit for Trupanion.","news_type":1,"symbols_score_info":{"GOOGL":0.9,"AZN":0.9,"NLY":0.9,"MA":0.9,"TRUP":0.9}},"isVote":1,"tweetType":1,"viewCount":764,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":840665450,"gmtCreate":1635644073876,"gmtModify":1635644074083,"author":{"id":"3576108077327245","authorId":"3576108077327245","name":"Supersonia","avatar":"https://static.tigerbbs.com/a115d5d0552f7e483752e1d20f3c3723","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576108077327245","authorIdStr":"3576108077327245"},"themes":[],"title":"","htmlText":"Good idea","listText":"Good idea","text":"Good idea","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/840665450","repostId":"2179223688","repostType":4,"isVote":1,"tweetType":1,"viewCount":5044,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":884695359,"gmtCreate":1631885774471,"gmtModify":1632805585959,"author":{"id":"3576108077327245","authorId":"3576108077327245","name":"Supersonia","avatar":"https://static.tigerbbs.com/a115d5d0552f7e483752e1d20f3c3723","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576108077327245","authorIdStr":"3576108077327245"},"themes":[],"title":"","htmlText":"Roller coaster ride again&nbsp;","listText":"Roller coaster ride again&nbsp;","text":"Roller coaster ride again","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/884695359","repostId":"1187288386","repostType":4,"repost":{"id":"1187288386","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":1631885557,"share":"https://www.laohunote.com/m/news/1187288386?lang=zh_CN&edition=full","pubTime":"2021-09-17 21:32","market":"us","language":"en","title":"Stocks fall slightly as investors brace for more September volatility<blockquote>投资者准备迎接 9 月份更大的波动，股市小幅下跌</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1187288386","media":"Tiger Newspress","summary":"Stocks edged lower on Friday as investors remain cautious due to a resurgent Covid virus, a Federal ","content":"<p>Stocks edged lower on Friday as investors remain cautious due to a resurgent Covid virus, a Federal Reserve meeting next week and a historical tendency for September to be a weak month for equities.</p><p><blockquote>由于新冠病毒死灰复燃、下周美联储会议以及9月份股市疲软的历史趋势，投资者保持谨慎，周五股市小幅走低。</blockquote></p><p> The Dow Jones Industrial Average lost about 57 points. The S&amp;P 500 shed 0.2% and the Nasdaq Composite lost 0.1%</p><p><blockquote>道琼斯工业平均指数下跌约57点。标普500指数下跌 0.2%，纳斯达克综合指数下跌 0.1%</blockquote></p><p> <img src=\"https://static.tigerbbs.com/f66a01c33612b6fbc4061b54b04e9b47\" tg-width=\"1054\" tg-height=\"437\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> History is not on the market's side with the S&amp;P 500 averaging a 0.4% decline for September, the worst of any month, according to the Stock Trader's Almanac. Friday in particular&nbsp;begins a historically weak period for stocks&nbsp;as those September losses typically come in the back half of the month.</p><p><blockquote>历史并不站在市场一边，根据《股票交易员年鉴》的数据，9 月份标普500平均下跌 0.4%，为有史以来最严重的月份。尤其是周五，股市开始了历史上的疲软时期，因为9月份的损失通常发生在下半月。</blockquote></p><p> Some of the volatility that comes during September is often surrounding so-called quadruple witching, which occurs at the close Friday. This is the expiration of stock index futures, stock index options, stock options, and single-stock futures.</p><p><blockquote>九月份出现的一些波动通常围绕着所谓的四重巫术，这种情况发生在周五收盘时。这是股指期货、股指期权、股票期权和单股期货的到期日。</blockquote></p><p> \"We expect volatility to increase over the next month driven by a seasonal pickup in investor uncertainty, continued virus uncertainty, and significant monetary and fiscal policy catalysts,\" wrote John Marshall, head of derivatives research for Goldman Sachs, in a note Friday. Marshall cited data showing S&amp;P 500 volatility typically increased by 27% from August to October.</p><p><blockquote>高盛衍生品研究主管约翰·马歇尔在周五的一份报告中写道：“我们预计，在投资者不确定性季节性上升、持续的病毒不确定性以及重大货币和财政政策催化剂的推动下，未来一个月波动性将加剧。”Marshall 引用的数据显示，从 8 月到 10 月，标普500波动性通常增加 27%。</blockquote></p><p> Still, stocks are heading into Friday with modest gains for the week. The Dow is up 0.41% and the S&amp;P 500 is up 0.34% since Monday. The Nasdaq Composite has gained 0.44% this week. For the month, stocks are in the red. The Dow is down 1.7% in September. The S&amp;P 500 is off by 1.1% this month but still just 1.6% from its all-time high. The Nasdaq has lost 0.5% this month.</p><p><blockquote>尽管如此，周五股市本周小幅上涨。自周一以来，道琼斯指数上涨0.41%，标普500指数上涨0.34%。纳斯达克综合指数本周上涨 0.44%。本月，股市处于亏损状态。道琼斯指数9月份下跌1.7%。标普500本月下跌 1.1%，但仍较历史高点仅下跌 1.6%。纳斯达克本月下跌了0.5%。</blockquote></p><p> On Thursday, the Dow Jones Industrial Average lost 63 points, after being down as much as 274 points at its low. The S&amp;P 500 fell 0.16%. The Nasdaq Composite was the outperformer, rising 0.13% as&nbsp;Netflix, Microsoft and Amazon all closed in the green.</p><p><blockquote>周四，道琼斯工业平均指数下跌 63 点，此前最低点曾下跌 274 点。标普500下跌0.16%。纳斯达克综合指数表现优异，上涨 0.13%，Netflix、微软和亚马逊均收涨。</blockquote></p><p> The Census Bureau reported Thursday that&nbsp;August's retail sales&nbsp;increased 0.7% for the month against the Dow Jones estimate of a decline of 0.8%. However, the retail sales beat came after the initial estimate for July was revised down sharply from a month-over-month gain of 0.5% to a decline of 1.8%.</p><p><blockquote>人口普查局周四报告称，8 月份零售额当月增长 0.7%，而道琼斯预期为下降 0.8%。然而，零售销售增长是在 7 月份的初步预期从环比增长 0.5% 大幅下调至下降 1.8% 之后出现的。</blockquote></p><p> A separate economic report showed that weekly jobless claims increased to 332,000 for the week ended Sept. 11, according to the Labor Department. The Dow Jones estimate was for 320,000.</p><p><blockquote>根据劳工部的数据，另一份经济报告显示，截至 9 月 11 日当周，每周申请失业救济人数增至 332,000 人。道琼斯指数的估计是32万。</blockquote></p><p> “The economy is widely thought to be slowing under the weight of the Delta variant. Combined with a bad historic September stock market seasonality and ongoing fears of inflation, has caused investors to recently turn cautious,” said Jim Paulsen, chief investment strategist for Leuthold Group. “With economic growth unexpectedly reviving again, investors are questioning whether they have been too cautious keeping a bid under the overall stock market.”</p><p><blockquote>“人们普遍认为，在德尔塔变异毒株的重压下，经济正在放缓。Leuthold Group 首席投资策略师吉姆-保尔森（Jim Paulsen）说：”再加上 9 月份股市历史性的糟糕季节性以及对通胀的持续担忧，导致投资者最近变得谨慎。“随着经济增长出人意料地再次复苏，投资者质疑他们在整体股市下是否过于谨慎地维持出价。”</blockquote></p><p> The Federal Reserve meets for two days next week and on Wednesday is expected to give further clues as to when it may start to slow its $120 billion in monthly bond purchases that have supported the recovery, but also perhaps aided in a jump in inflation. Fed Chief Jerome Powell has said the so-called tapering could occur this year, but investors are waiting for more specifics. Some investors fear a decline in asset prices as the central bank begins to take away its easy policies.</p><p><blockquote>美联储下周将召开两天会议，预计周三将提供进一步线索，说明何时可能开始放缓每月 1200 亿美元的债券购买速度，这些债券购买支撑了经济复苏，但也可能有助于通胀飙升。美联储主席杰罗姆·鲍威尔表示，所谓的缩减规模可能会在今年发生，但投资者正在等待更多细节。随着央行开始取消宽松政策，一些投资者担心资产价格会下跌。</blockquote></p><p> Shares of Invesco jumped after&nbsp;the Wall Street Journal&nbsp;reported the money manager is in talks to combine with State Street’s asset-management business. Invesco, which manages about $1.5 trillion, jumped 6% in morning trading.</p><p><blockquote>在《华尔街日报》报道景顺正在与道富银行的资产管理业务洽谈合并后，景顺的股价大涨。管理着约 1.5 万亿美元资产的景顺 (Invesco) 在早盘交易中上涨了 6%。</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>Stocks fall slightly as investors brace for more September volatility<blockquote>投资者准备迎接 9 月份更大的波动，股市小幅下跌</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\">\nStocks fall slightly as investors brace for more September volatility<blockquote>投资者准备迎接 9 月份更大的波动，股市小幅下跌</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\">2021-09-17 21:32</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Stocks edged lower on Friday as investors remain cautious due to a resurgent Covid virus, a Federal Reserve meeting next week and a historical tendency for September to be a weak month for equities.</p><p><blockquote>由于新冠病毒死灰复燃、下周美联储会议以及9月份股市疲软的历史趋势，投资者保持谨慎，周五股市小幅走低。</blockquote></p><p> The Dow Jones Industrial Average lost about 57 points. The S&amp;P 500 shed 0.2% and the Nasdaq Composite lost 0.1%</p><p><blockquote>道琼斯工业平均指数下跌约57点。标普500指数下跌 0.2%，纳斯达克综合指数下跌 0.1%</blockquote></p><p> <img src=\"https://static.tigerbbs.com/f66a01c33612b6fbc4061b54b04e9b47\" tg-width=\"1054\" tg-height=\"437\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> History is not on the market's side with the S&amp;P 500 averaging a 0.4% decline for September, the worst of any month, according to the Stock Trader's Almanac. Friday in particular&nbsp;begins a historically weak period for stocks&nbsp;as those September losses typically come in the back half of the month.</p><p><blockquote>历史并不站在市场一边，根据《股票交易员年鉴》的数据，9 月份标普500平均下跌 0.4%，为有史以来最严重的月份。尤其是周五，股市开始了历史上的疲软时期，因为9月份的损失通常发生在下半月。</blockquote></p><p> Some of the volatility that comes during September is often surrounding so-called quadruple witching, which occurs at the close Friday. This is the expiration of stock index futures, stock index options, stock options, and single-stock futures.</p><p><blockquote>九月份出现的一些波动通常围绕着所谓的四重巫术，这种情况发生在周五收盘时。这是股指期货、股指期权、股票期权和单股期货的到期日。</blockquote></p><p> \"We expect volatility to increase over the next month driven by a seasonal pickup in investor uncertainty, continued virus uncertainty, and significant monetary and fiscal policy catalysts,\" wrote John Marshall, head of derivatives research for Goldman Sachs, in a note Friday. Marshall cited data showing S&amp;P 500 volatility typically increased by 27% from August to October.</p><p><blockquote>高盛衍生品研究主管约翰·马歇尔在周五的一份报告中写道：“我们预计，在投资者不确定性季节性上升、持续的病毒不确定性以及重大货币和财政政策催化剂的推动下，未来一个月波动性将加剧。”Marshall 引用的数据显示，从 8 月到 10 月，标普500波动性通常增加 27%。</blockquote></p><p> Still, stocks are heading into Friday with modest gains for the week. The Dow is up 0.41% and the S&amp;P 500 is up 0.34% since Monday. The Nasdaq Composite has gained 0.44% this week. For the month, stocks are in the red. The Dow is down 1.7% in September. The S&amp;P 500 is off by 1.1% this month but still just 1.6% from its all-time high. The Nasdaq has lost 0.5% this month.</p><p><blockquote>尽管如此，周五股市本周小幅上涨。自周一以来，道琼斯指数上涨0.41%，标普500指数上涨0.34%。纳斯达克综合指数本周上涨 0.44%。本月，股市处于亏损状态。道琼斯指数9月份下跌1.7%。标普500本月下跌 1.1%，但仍较历史高点仅下跌 1.6%。纳斯达克本月下跌了0.5%。</blockquote></p><p> On Thursday, the Dow Jones Industrial Average lost 63 points, after being down as much as 274 points at its low. The S&amp;P 500 fell 0.16%. The Nasdaq Composite was the outperformer, rising 0.13% as&nbsp;Netflix, Microsoft and Amazon all closed in the green.</p><p><blockquote>周四，道琼斯工业平均指数下跌 63 点，此前最低点曾下跌 274 点。标普500下跌0.16%。纳斯达克综合指数表现优异，上涨 0.13%，Netflix、微软和亚马逊均收涨。</blockquote></p><p> The Census Bureau reported Thursday that&nbsp;August's retail sales&nbsp;increased 0.7% for the month against the Dow Jones estimate of a decline of 0.8%. However, the retail sales beat came after the initial estimate for July was revised down sharply from a month-over-month gain of 0.5% to a decline of 1.8%.</p><p><blockquote>人口普查局周四报告称，8 月份零售额当月增长 0.7%，而道琼斯预期为下降 0.8%。然而，零售销售增长是在 7 月份的初步预期从环比增长 0.5% 大幅下调至下降 1.8% 之后出现的。</blockquote></p><p> A separate economic report showed that weekly jobless claims increased to 332,000 for the week ended Sept. 11, according to the Labor Department. The Dow Jones estimate was for 320,000.</p><p><blockquote>根据劳工部的数据，另一份经济报告显示，截至 9 月 11 日当周，每周申请失业救济人数增至 332,000 人。道琼斯指数的估计是32万。</blockquote></p><p> “The economy is widely thought to be slowing under the weight of the Delta variant. Combined with a bad historic September stock market seasonality and ongoing fears of inflation, has caused investors to recently turn cautious,” said Jim Paulsen, chief investment strategist for Leuthold Group. “With economic growth unexpectedly reviving again, investors are questioning whether they have been too cautious keeping a bid under the overall stock market.”</p><p><blockquote>“人们普遍认为，在德尔塔变异毒株的重压下，经济正在放缓。Leuthold Group 首席投资策略师吉姆-保尔森（Jim Paulsen）说：”再加上 9 月份股市历史性的糟糕季节性以及对通胀的持续担忧，导致投资者最近变得谨慎。“随着经济增长出人意料地再次复苏，投资者质疑他们在整体股市下是否过于谨慎地维持出价。”</blockquote></p><p> The Federal Reserve meets for two days next week and on Wednesday is expected to give further clues as to when it may start to slow its $120 billion in monthly bond purchases that have supported the recovery, but also perhaps aided in a jump in inflation. Fed Chief Jerome Powell has said the so-called tapering could occur this year, but investors are waiting for more specifics. Some investors fear a decline in asset prices as the central bank begins to take away its easy policies.</p><p><blockquote>美联储下周将召开两天会议，预计周三将提供进一步线索，说明何时可能开始放缓每月 1200 亿美元的债券购买速度，这些债券购买支撑了经济复苏，但也可能有助于通胀飙升。美联储主席杰罗姆·鲍威尔表示，所谓的缩减规模可能会在今年发生，但投资者正在等待更多细节。随着央行开始取消宽松政策，一些投资者担心资产价格会下跌。</blockquote></p><p> Shares of Invesco jumped after&nbsp;the Wall Street Journal&nbsp;reported the money manager is in talks to combine with State Street’s asset-management business. Invesco, which manages about $1.5 trillion, jumped 6% in morning trading.</p><p><blockquote>在《华尔街日报》报道景顺正在与道富银行的资产管理业务洽谈合并后，景顺的股价大涨。管理着约 1.5 万亿美元资产的景顺 (Invesco) 在早盘交易中上涨了 6%。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1187288386","content_text":"Stocks edged lower on Friday as investors remain cautious due to a resurgent Covid virus, a Federal Reserve meeting next week and a historical tendency for September to be a weak month for equities.\nThe Dow Jones Industrial Average lost about 57 points. The S&P 500 shed 0.2% and the Nasdaq Composite lost 0.1%\n\nHistory is not on the market's side with the S&P 500 averaging a 0.4% decline for September, the worst of any month, according to the Stock Trader's Almanac. Friday in particular begins a historically weak period for stocks as those September losses typically come in the back half of the month.\nSome of the volatility that comes during September is often surrounding so-called quadruple witching, which occurs at the close Friday. This is the expiration of stock index futures, stock index options, stock options, and single-stock futures.\n\"We expect volatility to increase over the next month driven by a seasonal pickup in investor uncertainty, continued virus uncertainty, and significant monetary and fiscal policy catalysts,\" wrote John Marshall, head of derivatives research for Goldman Sachs, in a note Friday. Marshall cited data showing S&P 500 volatility typically increased by 27% from August to October.\nStill, stocks are heading into Friday with modest gains for the week. The Dow is up 0.41% and the S&P 500 is up 0.34% since Monday. The Nasdaq Composite has gained 0.44% this week. For the month, stocks are in the red. The Dow is down 1.7% in September. The S&P 500 is off by 1.1% this month but still just 1.6% from its all-time high. The Nasdaq has lost 0.5% this month.\nOn Thursday, the Dow Jones Industrial Average lost 63 points, after being down as much as 274 points at its low. The S&P 500 fell 0.16%. The Nasdaq Composite was the outperformer, rising 0.13% as Netflix, Microsoft and Amazon all closed in the green.\nThe Census Bureau reported Thursday that August's retail sales increased 0.7% for the month against the Dow Jones estimate of a decline of 0.8%. However, the retail sales beat came after the initial estimate for July was revised down sharply from a month-over-month gain of 0.5% to a decline of 1.8%.\nA separate economic report showed that weekly jobless claims increased to 332,000 for the week ended Sept. 11, according to the Labor Department. The Dow Jones estimate was for 320,000.\n“The economy is widely thought to be slowing under the weight of the Delta variant. Combined with a bad historic September stock market seasonality and ongoing fears of inflation, has caused investors to recently turn cautious,” said Jim Paulsen, chief investment strategist for Leuthold Group. “With economic growth unexpectedly reviving again, investors are questioning whether they have been too cautious keeping a bid under the overall stock market.”\nThe Federal Reserve meets for two days next week and on Wednesday is expected to give further clues as to when it may start to slow its $120 billion in monthly bond purchases that have supported the recovery, but also perhaps aided in a jump in inflation. Fed Chief Jerome Powell has said the so-called tapering could occur this year, but investors are waiting for more specifics. Some investors fear a decline in asset prices as the central bank begins to take away its easy policies.\nShares of Invesco jumped after the Wall Street Journal reported the money manager is in talks to combine with State Street’s asset-management business. Invesco, which manages about $1.5 trillion, jumped 6% in morning trading.","news_type":1,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":611,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}