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2021-06-24

Nice

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2021-06-21

Nice

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2021-06-28

Wow great

Cloudflare: High-Quality Business, But Not Cheap<blockquote>Cloudflare：高质量的业务，但不便宜</blockquote>

2021-06-28

Brilliant

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2021-06-28

Gg

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2021-06-26

Nice

Netflix Bets on Even Stranger Things<blockquote>Netflix押注于更奇怪的事情</blockquote>

2021-06-26

Nice

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2021-06-19

Nice

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2021-06-24

Nice

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2021-06-18

Hmmmm

Gold sector stocks fell in morning trading<blockquote>黄金板块个股早盘下跌</blockquote>

去老虎APP查看更多动态

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Its paying customers continue to rapidly increase and","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Cloudflare is a high-performance CDN. Its paying customers continue to rapidly increase and show no signs of slowing down.</li>  <li>Cloudflare's gross margins are very high, reaching the high 70s%.</li>  <li>Cloudflare is priced at 53x forward sales, making it one of the most expensive SaaS names.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a7cd9332f245bbb2907015fd86c5ff20\" tg-width=\"1536\" tg-height=\"864\" referrerpolicy=\"no-referrer\"><span>imaginima/E+ via Getty Images</span></p><p><blockquote><ul><li>Cloudflare是一款高性能CDN。其付费客户继续快速增长，并且没有放缓的迹象。</li><li>Cloudflare的毛利率非常高，高达70%。</li><li>Cloudflare的定价是远期销售额的53倍，使其成为SaaS最昂贵的品牌之一。</li></ul><p class=\"t-img-caption\"><span>imaginima/E+来自Getty Images</span></p></blockquote></p><p> <b>Investment Thesis</b></p><p><blockquote><b>投资论文</b></blockquote></p><p> Cloudflare(NYSE:NET)is Content Delivery Network (''CDN''). As the world continues to rapidly digitize, the demand for high-quality and fast internet networks continues to increase. To this end, it's perhaps no surprise that investors have long ago understood these prospects and reflected this belief into Cloudflare's share price. In fact, Cloudflare is now priced at 53x forward sales making it one of the most expensive SaaS names.</p><p><blockquote>Cloudflare（纽约证券交易所代码：NET）是内容交付网络（“CDN”）。随着世界继续快速数字化，对高质量和快速互联网网络的需求不断增加。为此，投资者很久以前就了解这些前景并将这种信念反映到Cloudflare的股价中或许也就不足为奇了。事实上，Cloudflare现在的定价是远期销售额的53倍，使其成为SaaS最昂贵的品牌之一。</blockquote></p><p> Having said that, Cloudflare's growth rates continue to be persistently high and stable. Investors interested in Cloudflare will have to adopt a firm buy-and-hold strategy.</p><p><blockquote>话虽如此，Cloudflare的增长率仍然居高不下且稳定。对Cloudflare感兴趣的投资者将不得不采取坚定的买入并持有策略。</blockquote></p><p> <b>Voting Machine vs Weighing Machine</b></p><p><blockquote><b>投票机vs称重机</b></blockquote></p><p> Cloudflare is a Content Delivery Network (''CDN''). Its mission is to make the internet secure, faster, and more reliable.</p><p><blockquote>Cloudflare是一个内容交付网络（“CDN”）。它的使命是使互联网更安全、更快、更可靠。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0c97ad60d00f39022413a4453bb38d2d\" tg-width=\"635\" tg-height=\"433\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> This time last year, investors were passionately clamoring for Fastly (FSLY). It was viewed by many as a company that could do no wrong. This year, it's a dramatically different setup as the graph above depicts. Fastly has fallen by the wayside, while Cloudflare is now the reigning champion.</p><p><blockquote>去年这个时候，投资者对Fastly(FSLY)充满热情。许多人认为它是一家不会犯错的公司。今年，情况截然不同，如上图所示。Fastly已经半途而废，而Cloudflare现在是卫冕冠军。</blockquote></p><p> Investors are voting with their feet to exit Fastly and they are now piling in around Cloudflare.</p><p><blockquote>投资者正在用脚投票决定快速退出，他们现在正在涌入Cloudflare。</blockquote></p><p> As a value investor, I would normally argue that this is likely to once again revert. Here is a quote from Horace that legendary investor Benjamin Graham's investment philosophy was based on:<i>many shall berestoredthat now are fallen and many shall fall that now are in honor.</i></p><p><blockquote>作为一名价值投资者，我通常认为这种情况可能会再次恢复。以下是传奇投资者本杰明·格雷厄姆(Benjamin Graham)的投资理念所基于的贺拉斯(Horace)的一句话：<i>许多现在倒下的人将会复活，许多现在被荣耀的人将会倒下。</i></blockquote></p><p> Having said that, for every snapping one-liner an investor might put out, the real investor's prospects lie in doing the work and attempting to discern the underlying opportunity.</p><p><blockquote>话虽如此，对于投资者可能发表的每一句俏皮话，真正的投资者的前景在于做工作并试图辨别潜在的机会。</blockquote></p><p> <b>Cloudflare is a High-Quality Business</b></p><p><blockquote><b>Cloudflare是一项优质业务</b></blockquote></p><p> Cloudflare's non-GAAP gross margins are not only incredibly high, but they are highly stable too.</p><p><blockquote>Cloudflare的非GAAP毛利率不仅高得令人难以置信，而且非常稳定。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/161c2d74e08d4ccf531ab30182bd8a62\" tg-width=\"747\" tg-height=\"613\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> As a reminder, this compares with Fastly's60.1%as of Q1 2021. On the surface, this is incredibly alluring and is a typical indicator of a high-quality business.</p><p><blockquote>提醒一下，相比之下，Fastly截至2021年第一季度的这一比例为60.1%。从表面上看，这非常诱人，是高质量业务的典型指标。</blockquote></p><p> On the other hand, as we look out to Cloudflare's full-year guidance, its non-GAAP operating margins are expected to come in at<i>a negative 4%</i>. Of course, this is a substantial improvement from the negative 8% from 2020 and puts Cloudflare very close to breakeven.</p><p><blockquote>另一方面，当我们展望Cloudflare的全年指引时，其非GAAP营业利润率预计将达到<i>负4%</i>.当然，这比2020年的负8%有了实质性的改善，并使Cloudflare非常接近盈亏平衡。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8a369e8d30ed6115c1e05ca0b8310f0a\" tg-width=\"516\" tg-height=\"237\"><span>Source: Long-Term Model</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：长期模型</span></p></blockquote></p><p> Nevertheless, to go from<i>negative 4% to positive +20% in operating margins is a very steep climb</i>. So, investors should be cautious and take this guide with a pinch of salt.</p><p><blockquote>然而，从<i>营业利润率从负4%到正+20%是一个非常陡峭的攀升</i>因此，投资者应谨慎行事，对本指南持保留态度。</blockquote></p><p> Moving on, its latest sets of results put Cloudflare's dollar-based net retention at 123%. This is an important metric because it not only shows that the company's customer base is sticky but reminds us that Cloudflare is capable of upselling 23% more services to its customers y/y.</p><p><blockquote>展望未来，其最新业绩显示Cloudflare以美元计算的净保留率为123%。这是一个重要的指标，因为它不仅表明该公司的客户群具有粘性，而且提醒我们Cloudflare能够向其客户追加销售23%的服务。</blockquote></p><p> This insight, together with the fact that Cloudflare's paying customers continue to increase, should provide investors with confidence that Cloudflare's business is very healthy, as its revenues are increasing by a mixture of increasing customers and higher prices:</p><p><blockquote>这一见解，加上Cloudflare付费客户持续增加的事实，应该会让投资者相信Cloudflare的业务非常健康，因为其收入正在通过客户增加和价格上涨的混合而增加：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/6a4e8e1944ecc73a022a5710a3dc07ad\" tg-width=\"640\" tg-height=\"559\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Revenue Growth Rates: Strong and Stable</p><p><blockquote>收入增长率：强劲而稳定</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fdc3dff42f73ccfdfc3b2b4f9a0eb65a\" tg-width=\"640\" tg-height=\"285\"><span>Source: author's calculations; **company guidance</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：作者计算；**公司指引</span></p></blockquote></p><p> Next, we can see above that Cloudflare continues to guide investors for mid-40s% CAGR - at least in the near term.</p><p><blockquote>接下来，我们可以在上面看到，Cloudflare继续引导投资者实现40%左右的复合年增长率——至少在短期内是这样。</blockquote></p><p> Furthermore, knowing how conservative this management is, I suspect that Cloudflare will easily beat these targets and will perhaps even raise its guidance over the coming year.</p><p><blockquote>此外，知道管理层有多保守，我怀疑Cloudflare将轻松击败这些目标，甚至可能在来年提高其指导。</blockquote></p><p></p><p> Nonetheless, we have to keep in mind that we are still discussing a company that's likely to finish 2021 with close to $600 million in revenues. In other words, growing at mid 40s% while the company is at sub $1 billion in revenues, and continuing to grow at mid-40s% at higher than $1 billion in revenues, it's quite a different feat. At some point, size takes a toll.</p><p><blockquote>尽管如此，我们必须记住，我们仍在讨论一家可能在2021年底收入接近6亿美元的公司。换句话说，在公司收入低于10亿美元的情况下以40%左右的速度增长，并在收入高于10亿美元的情况下继续以40%左右的速度增长，这是一个完全不同的壮举。在某些时候，规模会产生影响。</blockquote></p><p> <b>Valuation - Not Cheap</b></p><p><blockquote><b>估值——不便宜</b></blockquote></p><p> Cloudflare is priced at 53x forward sales. This implies that optimism towards Cloudflare is incredibly high. Even amongst SaaS names, I believe this is an outlier. I follow many companies in this space and I don't know of any that are priced as richly as this.</p><p><blockquote>Cloudflare的定价是远期销售额的53倍。这意味着人们对Cloudflare的乐观情绪非常高。即使在SaaS的名字中，我也相信这是一个异常值。我关注了这个领域的许多公司，但我不知道有哪家公司的定价如此之高。</blockquote></p><p> The obvious comparison here is Fastly which is priced at 18x forward sales. But even amongst the cybersecurity names, a sector that is wildly known for its exuberant valuations the likes of CrowdStrike (CRWD) is priced at 42x sales.</p><p><blockquote>这里明显的比较是Fastly，它的定价是远期销售额的18倍。但即使在网络安全公司中，像CrowdStrike(CRWD)这样以估值过高而闻名的行业的定价也是销售额的42倍。</blockquote></p><p> <b>The Bottom Line</b></p><p><blockquote><b>底线</b></blockquote></p><p> Cloudflare is remarkably stable and growing at a rapid rate. Its valuation is not cheap at 53x sales, but there again high-quality companies rarely are. Investors intent on taking a position here may consider buying in dips.</p><p><blockquote>Cloudflare非常稳定，并且正在快速增长。它的估值并不便宜，是销售额的53倍，但同样很少有优质公司。有意在此建仓的投资者可以考虑逢低买入。</blockquote></p><p> Having said that, I prefer to stick to companies with more hairs on them and more cheaply valued. Happy investing!</p><p><blockquote>话虽如此，我更喜欢坚持那些头发更多、估值更便宜的公司。投资愉快！</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>Cloudflare: High-Quality Business, But Not Cheap<blockquote>Cloudflare：高质量的业务，但不便宜</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\">\nCloudflare: High-Quality Business, But Not Cheap<blockquote>Cloudflare：高质量的业务，但不便宜</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">seekingalpha</strong><span class=\"h-time small\">2021-06-28 20:57</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>Cloudflare is a high-performance CDN. Its paying customers continue to rapidly increase and show no signs of slowing down.</li>  <li>Cloudflare's gross margins are very high, reaching the high 70s%.</li>  <li>Cloudflare is priced at 53x forward sales, making it one of the most expensive SaaS names.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a7cd9332f245bbb2907015fd86c5ff20\" tg-width=\"1536\" tg-height=\"864\" referrerpolicy=\"no-referrer\"><span>imaginima/E+ via Getty Images</span></p><p><blockquote><ul><li>Cloudflare是一款高性能CDN。其付费客户继续快速增长，并且没有放缓的迹象。</li><li>Cloudflare的毛利率非常高，高达70%。</li><li>Cloudflare的定价是远期销售额的53倍，使其成为SaaS最昂贵的品牌之一。</li></ul><p class=\"t-img-caption\"><span>imaginima/E+来自Getty Images</span></p></blockquote></p><p> <b>Investment Thesis</b></p><p><blockquote><b>投资论文</b></blockquote></p><p> Cloudflare(NYSE:NET)is Content Delivery Network (''CDN''). As the world continues to rapidly digitize, the demand for high-quality and fast internet networks continues to increase. To this end, it's perhaps no surprise that investors have long ago understood these prospects and reflected this belief into Cloudflare's share price. In fact, Cloudflare is now priced at 53x forward sales making it one of the most expensive SaaS names.</p><p><blockquote>Cloudflare（纽约证券交易所代码：NET）是内容交付网络（“CDN”）。随着世界继续快速数字化，对高质量和快速互联网网络的需求不断增加。为此，投资者很久以前就了解这些前景并将这种信念反映到Cloudflare的股价中或许也就不足为奇了。事实上，Cloudflare现在的定价是远期销售额的53倍，使其成为SaaS最昂贵的品牌之一。</blockquote></p><p> Having said that, Cloudflare's growth rates continue to be persistently high and stable. Investors interested in Cloudflare will have to adopt a firm buy-and-hold strategy.</p><p><blockquote>话虽如此，Cloudflare的增长率仍然居高不下且稳定。对Cloudflare感兴趣的投资者将不得不采取坚定的买入并持有策略。</blockquote></p><p> <b>Voting Machine vs Weighing Machine</b></p><p><blockquote><b>投票机vs称重机</b></blockquote></p><p> Cloudflare is a Content Delivery Network (''CDN''). Its mission is to make the internet secure, faster, and more reliable.</p><p><blockquote>Cloudflare是一个内容交付网络（“CDN”）。它的使命是使互联网更安全、更快、更可靠。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0c97ad60d00f39022413a4453bb38d2d\" tg-width=\"635\" tg-height=\"433\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> This time last year, investors were passionately clamoring for Fastly (FSLY). It was viewed by many as a company that could do no wrong. This year, it's a dramatically different setup as the graph above depicts. Fastly has fallen by the wayside, while Cloudflare is now the reigning champion.</p><p><blockquote>去年这个时候，投资者对Fastly(FSLY)充满热情。许多人认为它是一家不会犯错的公司。今年，情况截然不同，如上图所示。Fastly已经半途而废，而Cloudflare现在是卫冕冠军。</blockquote></p><p> Investors are voting with their feet to exit Fastly and they are now piling in around Cloudflare.</p><p><blockquote>投资者正在用脚投票决定快速退出，他们现在正在涌入Cloudflare。</blockquote></p><p> As a value investor, I would normally argue that this is likely to once again revert. Here is a quote from Horace that legendary investor Benjamin Graham's investment philosophy was based on:<i>many shall berestoredthat now are fallen and many shall fall that now are in honor.</i></p><p><blockquote>作为一名价值投资者，我通常认为这种情况可能会再次恢复。以下是传奇投资者本杰明·格雷厄姆(Benjamin Graham)的投资理念所基于的贺拉斯(Horace)的一句话：<i>许多现在倒下的人将会复活，许多现在被荣耀的人将会倒下。</i></blockquote></p><p> Having said that, for every snapping one-liner an investor might put out, the real investor's prospects lie in doing the work and attempting to discern the underlying opportunity.</p><p><blockquote>话虽如此，对于投资者可能发表的每一句俏皮话，真正的投资者的前景在于做工作并试图辨别潜在的机会。</blockquote></p><p> <b>Cloudflare is a High-Quality Business</b></p><p><blockquote><b>Cloudflare是一项优质业务</b></blockquote></p><p> Cloudflare's non-GAAP gross margins are not only incredibly high, but they are highly stable too.</p><p><blockquote>Cloudflare的非GAAP毛利率不仅高得令人难以置信，而且非常稳定。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/161c2d74e08d4ccf531ab30182bd8a62\" tg-width=\"747\" tg-height=\"613\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> As a reminder, this compares with Fastly's60.1%as of Q1 2021. On the surface, this is incredibly alluring and is a typical indicator of a high-quality business.</p><p><blockquote>提醒一下，相比之下，Fastly截至2021年第一季度的这一比例为60.1%。从表面上看，这非常诱人，是高质量业务的典型指标。</blockquote></p><p> On the other hand, as we look out to Cloudflare's full-year guidance, its non-GAAP operating margins are expected to come in at<i>a negative 4%</i>. Of course, this is a substantial improvement from the negative 8% from 2020 and puts Cloudflare very close to breakeven.</p><p><blockquote>另一方面，当我们展望Cloudflare的全年指引时，其非GAAP营业利润率预计将达到<i>负4%</i>.当然，这比2020年的负8%有了实质性的改善，并使Cloudflare非常接近盈亏平衡。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8a369e8d30ed6115c1e05ca0b8310f0a\" tg-width=\"516\" tg-height=\"237\"><span>Source: Long-Term Model</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：长期模型</span></p></blockquote></p><p> Nevertheless, to go from<i>negative 4% to positive +20% in operating margins is a very steep climb</i>. So, investors should be cautious and take this guide with a pinch of salt.</p><p><blockquote>然而，从<i>营业利润率从负4%到正+20%是一个非常陡峭的攀升</i>因此，投资者应谨慎行事，对本指南持保留态度。</blockquote></p><p> Moving on, its latest sets of results put Cloudflare's dollar-based net retention at 123%. This is an important metric because it not only shows that the company's customer base is sticky but reminds us that Cloudflare is capable of upselling 23% more services to its customers y/y.</p><p><blockquote>展望未来，其最新业绩显示Cloudflare以美元计算的净保留率为123%。这是一个重要的指标，因为它不仅表明该公司的客户群具有粘性，而且提醒我们Cloudflare能够向其客户追加销售23%的服务。</blockquote></p><p> This insight, together with the fact that Cloudflare's paying customers continue to increase, should provide investors with confidence that Cloudflare's business is very healthy, as its revenues are increasing by a mixture of increasing customers and higher prices:</p><p><blockquote>这一见解，加上Cloudflare付费客户持续增加的事实，应该会让投资者相信Cloudflare的业务非常健康，因为其收入正在通过客户增加和价格上涨的混合而增加：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/6a4e8e1944ecc73a022a5710a3dc07ad\" tg-width=\"640\" tg-height=\"559\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Revenue Growth Rates: Strong and Stable</p><p><blockquote>收入增长率：强劲而稳定</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fdc3dff42f73ccfdfc3b2b4f9a0eb65a\" tg-width=\"640\" tg-height=\"285\"><span>Source: author's calculations; **company guidance</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：作者计算；**公司指引</span></p></blockquote></p><p> Next, we can see above that Cloudflare continues to guide investors for mid-40s% CAGR - at least in the near term.</p><p><blockquote>接下来，我们可以在上面看到，Cloudflare继续引导投资者实现40%左右的复合年增长率——至少在短期内是这样。</blockquote></p><p> Furthermore, knowing how conservative this management is, I suspect that Cloudflare will easily beat these targets and will perhaps even raise its guidance over the coming year.</p><p><blockquote>此外，知道管理层有多保守，我怀疑Cloudflare将轻松击败这些目标，甚至可能在来年提高其指导。</blockquote></p><p></p><p> Nonetheless, we have to keep in mind that we are still discussing a company that's likely to finish 2021 with close to $600 million in revenues. In other words, growing at mid 40s% while the company is at sub $1 billion in revenues, and continuing to grow at mid-40s% at higher than $1 billion in revenues, it's quite a different feat. At some point, size takes a toll.</p><p><blockquote>尽管如此，我们必须记住，我们仍在讨论一家可能在2021年底收入接近6亿美元的公司。换句话说，在公司收入低于10亿美元的情况下以40%左右的速度增长，并在收入高于10亿美元的情况下继续以40%左右的速度增长，这是一个完全不同的壮举。在某些时候，规模会产生影响。</blockquote></p><p> <b>Valuation - Not Cheap</b></p><p><blockquote><b>估值——不便宜</b></blockquote></p><p> Cloudflare is priced at 53x forward sales. This implies that optimism towards Cloudflare is incredibly high. Even amongst SaaS names, I believe this is an outlier. I follow many companies in this space and I don't know of any that are priced as richly as this.</p><p><blockquote>Cloudflare的定价是远期销售额的53倍。这意味着人们对Cloudflare的乐观情绪非常高。即使在SaaS的名字中，我也相信这是一个异常值。我关注了这个领域的许多公司，但我不知道有哪家公司的定价如此之高。</blockquote></p><p> The obvious comparison here is Fastly which is priced at 18x forward sales. But even amongst the cybersecurity names, a sector that is wildly known for its exuberant valuations the likes of CrowdStrike (CRWD) is priced at 42x sales.</p><p><blockquote>这里明显的比较是Fastly，它的定价是远期销售额的18倍。但即使在网络安全公司中，像CrowdStrike(CRWD)这样以估值过高而闻名的行业的定价也是销售额的42倍。</blockquote></p><p> <b>The Bottom Line</b></p><p><blockquote><b>底线</b></blockquote></p><p> Cloudflare is remarkably stable and growing at a rapid rate. Its valuation is not cheap at 53x sales, but there again high-quality companies rarely are. Investors intent on taking a position here may consider buying in dips.</p><p><blockquote>Cloudflare非常稳定，并且正在快速增长。它的估值并不便宜，是销售额的53倍，但同样很少有优质公司。有意在此建仓的投资者可以考虑逢低买入。</blockquote></p><p> Having said that, I prefer to stick to companies with more hairs on them and more cheaply valued. Happy investing!</p><p><blockquote>话虽如此，我更喜欢坚持那些头发更多、估值更便宜的公司。投资愉快！</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4436906-cloudflare-high-quality-business-but-not-cheap\">seekingalpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NET":"Cloudflare, Inc."},"source_url":"https://seekingalpha.com/article/4436906-cloudflare-high-quality-business-but-not-cheap","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1170953229","content_text":"Summary\n\nCloudflare is a high-performance CDN. Its paying customers continue to rapidly increase and show no signs of slowing down.\nCloudflare's gross margins are very high, reaching the high 70s%.\nCloudflare is priced at 53x forward sales, making it one of the most expensive SaaS names.\n\nimaginima/E+ via Getty Images\nInvestment Thesis\nCloudflare(NYSE:NET)is Content Delivery Network (''CDN''). As the world continues to rapidly digitize, the demand for high-quality and fast internet networks continues to increase. To this end, it's perhaps no surprise that investors have long ago understood these prospects and reflected this belief into Cloudflare's share price. In fact, Cloudflare is now priced at 53x forward sales making it one of the most expensive SaaS names.\nHaving said that, Cloudflare's growth rates continue to be persistently high and stable. Investors interested in Cloudflare will have to adopt a firm buy-and-hold strategy.\nVoting Machine vs Weighing Machine\nCloudflare is a Content Delivery Network (''CDN''). Its mission is to make the internet secure, faster, and more reliable.\nData by YCharts\nThis time last year, investors were passionately clamoring for Fastly (FSLY). It was viewed by many as a company that could do no wrong. This year, it's a dramatically different setup as the graph above depicts. Fastly has fallen by the wayside, while Cloudflare is now the reigning champion.\nInvestors are voting with their feet to exit Fastly and they are now piling in around Cloudflare.\nAs a value investor, I would normally argue that this is likely to once again revert. Here is a quote from Horace that legendary investor Benjamin Graham's investment philosophy was based on:many shall berestoredthat now are fallen and many shall fall that now are in honor.\nHaving said that, for every snapping one-liner an investor might put out, the real investor's prospects lie in doing the work and attempting to discern the underlying opportunity.\nCloudflare is a High-Quality Business\nCloudflare's non-GAAP gross margins are not only incredibly high, but they are highly stable too.\n\nAs a reminder, this compares with Fastly's60.1%as of Q1 2021. On the surface, this is incredibly alluring and is a typical indicator of a high-quality business.\nOn the other hand, as we look out to Cloudflare's full-year guidance, its non-GAAP operating margins are expected to come in ata negative 4%. Of course, this is a substantial improvement from the negative 8% from 2020 and puts Cloudflare very close to breakeven.\nSource: Long-Term Model\nNevertheless, to go fromnegative 4% to positive +20% in operating margins is a very steep climb. So, investors should be cautious and take this guide with a pinch of salt.\nMoving on, its latest sets of results put Cloudflare's dollar-based net retention at 123%. This is an important metric because it not only shows that the company's customer base is sticky but reminds us that Cloudflare is capable of upselling 23% more services to its customers y/y.\nThis insight, together with the fact that Cloudflare's paying customers continue to increase, should provide investors with confidence that Cloudflare's business is very healthy, as its revenues are increasing by a mixture of increasing customers and higher prices:\n\nRevenue Growth Rates: Strong and Stable\nSource: author's calculations; **company guidance\nNext, we can see above that Cloudflare continues to guide investors for mid-40s% CAGR - at least in the near term.\nFurthermore, knowing how conservative this management is, I suspect that Cloudflare will easily beat these targets and will perhaps even raise its guidance over the coming year.\nNonetheless, we have to keep in mind that we are still discussing a company that's likely to finish 2021 with close to $600 million in revenues. In other words, growing at mid 40s% while the company is at sub $1 billion in revenues, and continuing to grow at mid-40s% at higher than $1 billion in revenues, it's quite a different feat. At some point, size takes a toll.\nValuation - Not Cheap\nCloudflare is priced at 53x forward sales. This implies that optimism towards Cloudflare is incredibly high. Even amongst SaaS names, I believe this is an outlier. I follow many companies in this space and I don't know of any that are priced as richly as this.\nThe obvious comparison here is Fastly which is priced at 18x forward sales. But even amongst the cybersecurity names, a sector that is wildly known for its exuberant valuations the likes of CrowdStrike (CRWD) is priced at 42x sales.\nThe Bottom Line\nCloudflare is remarkably stable and growing at a rapid rate. Its valuation is not cheap at 53x sales, but there again high-quality companies rarely are. Investors intent on taking a position here may consider buying in dips.\nHaving said that, I prefer to stick to companies with more hairs on them and more cheaply valued. Happy investing!","news_type":1,"symbols_score_info":{"NET":0.9}},"isVote":1,"tweetType":1,"viewCount":1755,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":150197511,"gmtCreate":1624889127233,"gmtModify":1633947446042,"author":{"id":"3576366574353945","authorId":"3576366574353945","name":"Ericgil","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576366574353945","idStr":"3576366574353945"},"themes":[],"htmlText":"Brilliant","listText":"Brilliant","text":"Brilliant","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/150197511","repostId":"1133469064","repostType":4,"isVote":1,"tweetType":1,"viewCount":1878,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":150197819,"gmtCreate":1624889118831,"gmtModify":1633947446366,"author":{"id":"3576366574353945","authorId":"3576366574353945","name":"Ericgil","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576366574353945","idStr":"3576366574353945"},"themes":[],"htmlText":"Gg","listText":"Gg","text":"Gg","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/150197819","repostId":"1133469064","repostType":4,"isVote":1,"tweetType":1,"viewCount":2098,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":125935383,"gmtCreate":1624640359842,"gmtModify":1633950142553,"author":{"id":"3576366574353945","authorId":"3576366574353945","name":"Ericgil","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576366574353945","idStr":"3576366574353945"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/125935383","repostId":"1132385779","repostType":4,"repost":{"id":"1132385779","kind":"news","pubTimestamp":1624625960,"share":"https://www.laohu8.com/m/news/1132385779?lang=zh_CN&edition=full","pubTime":"2021-06-25 20:59","market":"us","language":"en","title":"Netflix Bets on Even Stranger Things<blockquote>Netflix押注于更奇怪的事情</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1132385779","media":"The Wall Street Journal","summary":"Streaming giant is doubling down on dystopian reality dating, in the form of ‘Sexy Beasts,’ to lure ","content":"<p>  Streaming giant is doubling down on dystopian reality dating, in the form of ‘Sexy Beasts,’ to lure more subscribers.  NetflixNFLX1.04%and romance have long been a match made in heaven, but now the streaming giant is taking things to another level.</p><p><blockquote>流媒体巨头正在以“性感野兽”的形式加倍投入反乌托邦现实约会，以吸引更多订户。NetflixNFLX1.04%和浪漫长期以来一直是天作之合，但现在这家流媒体巨头正在将事情提升到另一个水平。</blockquote></p><p> Perhaps emboldened by the success of recent shows like “The Circle” and “Love Is Blind,” Netflix is now doubling down on dystopian reality dating. According to the trailer, released this week, the new concept will feature “real life singles,” sporting “elaborate makeup and prosthetics” and putting blind date chemistry to the test.</p><p><blockquote>也许是受到最近《圆圈》和《爱情是盲目的》等节目的成功的鼓舞，Netflix, Inc.现在加倍努力反乌托邦式的现实约会。根据本周发布的预告片，新概念将以“现实生活中的单身人士”为特色，展示“精致的化妆和假肢”，并测试相亲之间的化学反应。</blockquote></p><p> After reporting disappointing subscriber numbersfor the first quarter,Netflix needs new alluring content. Analysts expect the streaming giant to add about 15 million subscribers in the second half of the year, nearly three times the number it is forecasting for the first half.</p><p><blockquote>在报告了令人失望的第一季度订户数量后，Netflix需要新的有吸引力的内容。分析师预计，这家流媒体巨头下半年将增加约1500万用户，几乎是上半年预测的三倍。</blockquote></p><p> As if dating weren’t already hard enough, contestants on “Sexy Beasts” are expected to find love while looking like a panda or a mouse.The trailer features a suave alienin a bowling alley chatting to his date, an apparent cross between a dolphin and a platypus, stating that “personality, for me, is everything.” Others—especially a beaver who candidly describes his favorite physical feature—are at least honest.</p><p><blockquote>好像约会还不够难，《性感野兽》的参赛者被期望在看起来像熊猫或老鼠的同时找到爱情。预告片展示了一个温文尔雅的外星人在保龄球馆和他的约会对象聊天，他显然是海豚和鸭嘴兽的杂交品种，并表示“对我来说，个性就是一切。”其他人——尤其是一只坦率地描述他最喜欢的身体特征的海狸——至少是诚实的。</blockquote></p><p> If nothing else, viewers will be in it for catfights.</p><p><blockquote>如果没有别的，观众会在里面看猫斗。</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>Netflix Bets on Even Stranger Things<blockquote>Netflix押注于更奇怪的事情</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\">\nNetflix Bets on Even Stranger Things<blockquote>Netflix押注于更奇怪的事情</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">The Wall Street Journal</strong><span class=\"h-time small\">2021-06-25 20:59</span>\n</p>\n</h4>\n</header>\n<article>\n<p>  Streaming giant is doubling down on dystopian reality dating, in the form of ‘Sexy Beasts,’ to lure more subscribers.  NetflixNFLX1.04%and romance have long been a match made in heaven, but now the streaming giant is taking things to another level.</p><p><blockquote>流媒体巨头正在以“性感野兽”的形式加倍投入反乌托邦现实约会，以吸引更多订户。NetflixNFLX1.04%和浪漫长期以来一直是天作之合，但现在这家流媒体巨头正在将事情提升到另一个水平。</blockquote></p><p> Perhaps emboldened by the success of recent shows like “The Circle” and “Love Is Blind,” Netflix is now doubling down on dystopian reality dating. According to the trailer, released this week, the new concept will feature “real life singles,” sporting “elaborate makeup and prosthetics” and putting blind date chemistry to the test.</p><p><blockquote>也许是受到最近《圆圈》和《爱情是盲目的》等节目的成功的鼓舞，Netflix, Inc.现在加倍努力反乌托邦式的现实约会。根据本周发布的预告片，新概念将以“现实生活中的单身人士”为特色，展示“精致的化妆和假肢”，并测试相亲之间的化学反应。</blockquote></p><p> After reporting disappointing subscriber numbersfor the first quarter,Netflix needs new alluring content. Analysts expect the streaming giant to add about 15 million subscribers in the second half of the year, nearly three times the number it is forecasting for the first half.</p><p><blockquote>在报告了令人失望的第一季度订户数量后，Netflix需要新的有吸引力的内容。分析师预计，这家流媒体巨头下半年将增加约1500万用户，几乎是上半年预测的三倍。</blockquote></p><p> As if dating weren’t already hard enough, contestants on “Sexy Beasts” are expected to find love while looking like a panda or a mouse.The trailer features a suave alienin a bowling alley chatting to his date, an apparent cross between a dolphin and a platypus, stating that “personality, for me, is everything.” Others—especially a beaver who candidly describes his favorite physical feature—are at least honest.</p><p><blockquote>好像约会还不够难，《性感野兽》的参赛者被期望在看起来像熊猫或老鼠的同时找到爱情。预告片展示了一个温文尔雅的外星人在保龄球馆和他的约会对象聊天，他显然是海豚和鸭嘴兽的杂交品种，并表示“对我来说，个性就是一切。”其他人——尤其是一只坦率地描述他最喜欢的身体特征的海狸——至少是诚实的。</blockquote></p><p> If nothing else, viewers will be in it for catfights.</p><p><blockquote>如果没有别的，观众会在里面看猫斗。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.wsj.com/articles/netflix-bets-on-even-stranger-things-11624620780\">The Wall Street Journal</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":{"NFLX":"奈飞"},"source_url":"https://www.wsj.com/articles/netflix-bets-on-even-stranger-things-11624620780","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1132385779","content_text":"Streaming giant is doubling down on dystopian reality dating, in the form of ‘Sexy Beasts,’ to lure more subscribers.\n\nNetflixNFLX1.04%and romance have long been a match made in heaven, but now the streaming giant is taking things to another level.\nPerhaps emboldened by the success of recent shows like “The Circle” and “Love Is Blind,” Netflix is now doubling down on dystopian reality dating. According to the trailer, released this week, the new concept will feature “real life singles,” sporting “elaborate makeup and prosthetics” and putting blind date chemistry to the test.\nAfter reporting disappointing subscriber numbersfor the first quarter,Netflix needs new alluring content. Analysts expect the streaming giant to add about 15 million subscribers in the second half of the year, nearly three times the number it is forecasting for the first half.\nAs if dating weren’t already hard enough, contestants on “Sexy Beasts” are expected to find love while looking like a panda or a mouse.The trailer features a suave alienin a bowling alley chatting to his date, an apparent cross between a dolphin and a platypus, stating that “personality, for me, is everything.” Others—especially a beaver who candidly describes his favorite physical feature—are at least honest.\nIf nothing else, viewers will be in it for catfights.","news_type":1,"symbols_score_info":{"NFLX":0.9}},"isVote":1,"tweetType":1,"viewCount":1877,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":125932779,"gmtCreate":1624640335091,"gmtModify":1633950142797,"author":{"id":"3576366574353945","authorId":"3576366574353945","name":"Ericgil","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576366574353945","idStr":"3576366574353945"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/125932779","repostId":"2146071376","repostType":4,"isVote":1,"tweetType":1,"viewCount":2171,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":128372663,"gmtCreate":1624503694052,"gmtModify":1634005142271,"author":{"id":"3576366574353945","authorId":"3576366574353945","name":"Ericgil","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576366574353945","idStr":"3576366574353945"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/128372663","repostId":"2145156570","repostType":4,"isVote":1,"tweetType":1,"viewCount":2195,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":121506455,"gmtCreate":1624469669777,"gmtModify":1634005634761,"author":{"id":"3576366574353945","authorId":"3576366574353945","name":"Ericgil","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576366574353945","idStr":"3576366574353945"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/121506455","repostId":"2145531099","repostType":4,"isVote":1,"tweetType":1,"viewCount":2941,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":167497413,"gmtCreate":1624281306432,"gmtModify":1634008487498,"author":{"id":"3576366574353945","authorId":"3576366574353945","name":"Ericgil","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576366574353945","idStr":"3576366574353945"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/167497413","repostId":"1154249454","repostType":4,"isVote":1,"tweetType":1,"viewCount":2518,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":162138045,"gmtCreate":1624039831287,"gmtModify":1634023653740,"author":{"id":"3576366574353945","authorId":"3576366574353945","name":"Ericgil","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576366574353945","idStr":"3576366574353945"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/162138045","repostId":"2144277163","repostType":2,"isVote":1,"tweetType":1,"viewCount":2114,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":168973987,"gmtCreate":1623948243449,"gmtModify":1634025359965,"author":{"id":"3576366574353945","authorId":"3576366574353945","name":"Ericgil","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576366574353945","idStr":"3576366574353945"},"themes":[],"htmlText":"Hmmmm","listText":"Hmmmm","text":"Hmmmm","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/168973987","repostId":"1198660084","repostType":4,"repost":{"id":"1198660084","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":1623937153,"share":"https://www.laohu8.com/m/news/1198660084?lang=zh_CN&edition=full","pubTime":"2021-06-17 21:39","market":"us","language":"en","title":"Gold sector stocks fell in morning trading<blockquote>黄金板块个股早盘下跌</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1198660084","media":"Tiger Newspress","summary":"Gold sector stocks fell in morning trading，GOLD and RGLD shares tumbled nearly 3%,KGC shares dropped","content":"<p>Gold&nbsp;sector&nbsp;stocks&nbsp;fell&nbsp;in&nbsp;morning&nbsp;trading，GOLD&nbsp;and&nbsp;RGLD&nbsp;shares&nbsp;tumbled&nbsp;nearly&nbsp;3%,KGC&nbsp;shares&nbsp;dropped&nbsp;more&nbsp;than&nbsp;4%.</p><p><blockquote>黄金板块股票早盘下跌，Gold和RGLD股价暴跌近3%，KGC股价下跌超过4%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/7d4ade715c0085abc49f388d1a668f1e\" tg-width=\"797\" tg-height=\"578\">Gold slumped below $1,800 an ounce as the Federal Reserve sped up its expected pace of policy tightening amid optimism about the labor market and heightened concerns over inflation.</p><p><blockquote>由于对劳动力市场的乐观情绪和对通胀的担忧加剧，美联储加快了预期的政策收紧步伐，金价跌至1800美元/盎司以下。</blockquote></p><p> The metal slipped to the lowest in six weeks on Thursday as the dollar continued to strengthen, the day after Fed Chair Jerome Powell said the central bank would begin a discussion about scaling back bond purchases. It’s the first major hawkish turn from the central bank whose deluge of stimulus has been critical to bullion’s strong performance since the start of the pandemic.</p><p><blockquote>周四，随着美元继续走强，金价跌至六周来的最低水平，此前一天，美联储主席鲍威尔表示，美联储将开始讨论缩减债券购买规模。这是央行首次重大鹰派转向，自疫情爆发以来，央行的大量刺激措施对金条的强劲表现至关重要。</blockquote></p><p> The central bank also released forecasts that show it anticipates two interest-rate increases by the end of 2023 -- sooner than many thought -- which helped boost the dollar and U.S. bond yields, hurting gold. Bullion, which declined the most in five months on Wednesday, broke through a number of key technical support levels, including falling below its 100-day moving average.</p><p><blockquote>央行还发布的预测显示，预计到2023年底将加息两次——比许多人想象的要早——这有助于提振美元和美国债券收益率，损害黄金。周三创下五个月来最大跌幅的金价突破了多个关键技术支撑位，包括跌破100日移动均线。</blockquote></p><p> “We have a negative outlook, expecting gold to fall to $1,600 an ounce over the next six to 12 months,” said Giovanni Staunovo, an analyst at UBS Group AG. “At some point the Fed will not talk about taper but also implement it.”</p><p><blockquote>瑞银集团分析师Giovanni Staunovo表示：“我们对前景持负面看法，预计未来6至12个月金价将跌至每盎司1,600美元。”“在某些时候，美联储不会谈论taper，但也会实施它。”</blockquote></p><p> Spot gold declined 1.7% to $1,780.97 an ounce as of 2:07 p.m. in London, after earlier dropping to $1,776.08, the lowest intraday level since May 5. Silver, platinum and palladium also declined. The Bloomberg Dollar Spot Index gained 0.5% after rising 0.9% on Wednesday.</p><p><blockquote>截至下午2:07，现货黄金下跌1.7%，至每盎司1,780.97美元。伦敦股市早些时候跌至1,776.08美元，为5月5日以来的最低盘中水平。白银、铂金和钯金也出现下滑。彭博美元现货指数继周三上涨0.9%后上涨0.5%。</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>Gold sector stocks fell in morning trading<blockquote>黄金板块个股早盘下跌</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\">\nGold sector stocks fell in morning trading<blockquote>黄金板块个股早盘下跌</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\">2021-06-17 21:39</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Gold&nbsp;sector&nbsp;stocks&nbsp;fell&nbsp;in&nbsp;morning&nbsp;trading，GOLD&nbsp;and&nbsp;RGLD&nbsp;shares&nbsp;tumbled&nbsp;nearly&nbsp;3%,KGC&nbsp;shares&nbsp;dropped&nbsp;more&nbsp;than&nbsp;4%.</p><p><blockquote>黄金板块股票早盘下跌，Gold和RGLD股价暴跌近3%，KGC股价下跌超过4%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/7d4ade715c0085abc49f388d1a668f1e\" tg-width=\"797\" tg-height=\"578\">Gold slumped below $1,800 an ounce as the Federal Reserve sped up its expected pace of policy tightening amid optimism about the labor market and heightened concerns over inflation.</p><p><blockquote>由于对劳动力市场的乐观情绪和对通胀的担忧加剧，美联储加快了预期的政策收紧步伐，金价跌至1800美元/盎司以下。</blockquote></p><p> The metal slipped to the lowest in six weeks on Thursday as the dollar continued to strengthen, the day after Fed Chair Jerome Powell said the central bank would begin a discussion about scaling back bond purchases. It’s the first major hawkish turn from the central bank whose deluge of stimulus has been critical to bullion’s strong performance since the start of the pandemic.</p><p><blockquote>周四，随着美元继续走强，金价跌至六周来的最低水平，此前一天，美联储主席鲍威尔表示，美联储将开始讨论缩减债券购买规模。这是央行首次重大鹰派转向，自疫情爆发以来，央行的大量刺激措施对金条的强劲表现至关重要。</blockquote></p><p> The central bank also released forecasts that show it anticipates two interest-rate increases by the end of 2023 -- sooner than many thought -- which helped boost the dollar and U.S. bond yields, hurting gold. Bullion, which declined the most in five months on Wednesday, broke through a number of key technical support levels, including falling below its 100-day moving average.</p><p><blockquote>央行还发布的预测显示，预计到2023年底将加息两次——比许多人想象的要早——这有助于提振美元和美国债券收益率，损害黄金。周三创下五个月来最大跌幅的金价突破了多个关键技术支撑位，包括跌破100日移动均线。</blockquote></p><p> “We have a negative outlook, expecting gold to fall to $1,600 an ounce over the next six to 12 months,” said Giovanni Staunovo, an analyst at UBS Group AG. “At some point the Fed will not talk about taper but also implement it.”</p><p><blockquote>瑞银集团分析师Giovanni Staunovo表示：“我们对前景持负面看法，预计未来6至12个月金价将跌至每盎司1,600美元。”“在某些时候，美联储不会谈论taper，但也会实施它。”</blockquote></p><p> Spot gold declined 1.7% to $1,780.97 an ounce as of 2:07 p.m. in London, after earlier dropping to $1,776.08, the lowest intraday level since May 5. Silver, platinum and palladium also declined. The Bloomberg Dollar Spot Index gained 0.5% after rising 0.9% on Wednesday.</p><p><blockquote>截至下午2:07，现货黄金下跌1.7%，至每盎司1,780.97美元。伦敦股市早些时候跌至1,776.08美元，为5月5日以来的最低盘中水平。白银、铂金和钯金也出现下滑。彭博美元现货指数继周三上涨0.9%后上涨0.5%。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RGLD":"皇家黄金","KGC":"金罗斯黄金","GOLD":"Gold.com"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1198660084","content_text":"Gold sector stocks fell in morning trading，GOLD and RGLD shares tumbled nearly 3%,KGC shares dropped more than 4%.\nGold slumped below $1,800 an ounce as the Federal Reserve sped up its expected pace of policy tightening amid optimism about the labor market and heightened concerns over inflation.\nThe metal slipped to the lowest in six weeks on Thursday as the dollar continued to strengthen, the day after Fed Chair Jerome Powell said the central bank would begin a discussion about scaling back bond purchases. It’s the first major hawkish turn from the central bank whose deluge of stimulus has been critical to bullion’s strong performance since the start of the pandemic.\nThe central bank also released forecasts that show it anticipates two interest-rate increases by the end of 2023 -- sooner than many thought -- which helped boost the dollar and U.S. bond yields, hurting gold. Bullion, which declined the most in five months on Wednesday, broke through a number of key technical support levels, including falling below its 100-day moving average.\n“We have a negative outlook, expecting gold to fall to $1,600 an ounce over the next six to 12 months,” said Giovanni Staunovo, an analyst at UBS Group AG. “At some point the Fed will not talk about taper but also implement it.”\nSpot gold declined 1.7% to $1,780.97 an ounce as of 2:07 p.m. in London, after earlier dropping to $1,776.08, the lowest intraday level since May 5. Silver, platinum and palladium also declined. The Bloomberg Dollar Spot Index gained 0.5% after rising 0.9% on Wednesday.","news_type":1,"symbols_score_info":{"RGLD":0.9,"GOLD":0.9,"KGC":0.9}},"isVote":1,"tweetType":1,"viewCount":2317,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":168970332,"gmtCreate":1623948179426,"gmtModify":1634025361467,"author":{"id":"3576366574353945","authorId":"3576366574353945","name":"Ericgil","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576366574353945","idStr":"3576366574353945"},"themes":[],"htmlText":"Great","listText":"Great","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/168970332","repostId":"2144374429","repostType":4,"isVote":1,"tweetType":1,"viewCount":896,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":163154494,"gmtCreate":1623864181518,"gmtModify":1634026769662,"author":{"id":"3576366574353945","authorId":"3576366574353945","name":"Ericgil","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576366574353945","idStr":"3576366574353945"},"themes":[],"htmlText":"Thx","listText":"Thx","text":"Thx","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/163154494","repostId":"1177646539","repostType":4,"repost":{"id":"1177646539","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1623737223,"share":"https://www.laohu8.com/m/news/1177646539?lang=zh_CN&edition=full","pubTime":"2021-06-15 14:07","market":"us","language":"en","title":"3 Commodity Stocks To Consider For Inflation<blockquote>3只需要考虑通胀的大宗商品股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1177646539","media":"Benzinga","summary":"As inflation heats up, the stocks of some commodity-based companies can move higher. These companies","content":"<p>As inflation heats up, the stocks of some commodity-based companies can move higher. These companies hold a large part of their assets in commodities, so as their prices move higher, the companies become more valuable.</p><p><blockquote>随着通胀升温，一些大宗商品公司的股价可能会走高。这些公司持有大宗商品资产的很大一部分，因此随着大宗商品价格走高，这些公司变得更有价值。</blockquote></p><p> They include&nbsp;<b>Exxon Mobil Corporation</b>(NYSE:XOM),<b>Southern Copper Corporation</b>(NYSE:SCCO), and&nbsp;<b>Newmont Corporation</b>(NYSE:NEM).</p><p><blockquote>它们包括<b>埃克森美孚公司</b>(NYSE：XOM)，<b>南方铜业公司</b>（纽约证券交易所代码：SCCO），以及<b>纽蒙特公司</b>（纽约证券交易所代码：NEM）。</blockquote></p><p> Exxon benefits from higher oil prices. The stock has hit resistance at the $63.50 level and it could be on the verge of a breakout.</p><p><blockquote>埃克森美孚受益于油价上涨。该股已触及63.50美元的阻力位，可能即将突破。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/db45eed41059ff0878aac7b6b4e2fee7\" tg-width=\"1618\" tg-height=\"823\"></p><p><blockquote></blockquote></p><p> Southern Copper benefits from higher copper prices. Shares have dropped to support around the $67 level and there’s a chance they rebound.</p><p><blockquote>南方铜业受益于铜价走高。股价已跌至67美元左右的支撑位，并且有可能反弹。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/543514dbd50dbb41ce5748225d9e606d\" tg-width=\"1615\" tg-height=\"814\"></p><p><blockquote></blockquote></p><p> Newmont is a gold miner. As the price of gold increases, so does its value. The shares are close to the $68.50 level and there’s a chance they find support and rally.</p><p><blockquote>纽蒙特公司是一家金矿公司。随着黄金价格的上涨，其价值也随之上涨。该股接近68.50美元的水平，有机会找到支撑并反弹。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/f699df6d7097a731136d18e4e57324e2\" tg-width=\"1619\" tg-height=\"817\"></p><p><blockquote></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Commodity Stocks To Consider For Inflation<blockquote>3只需要考虑通胀的大宗商品股票</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\">\n3 Commodity Stocks To Consider For Inflation<blockquote>3只需要考虑通胀的大宗商品股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time smaller\">2021-06-15 14:07</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p>As inflation heats up, the stocks of some commodity-based companies can move higher. These companies hold a large part of their assets in commodities, so as their prices move higher, the companies become more valuable.</p><p><blockquote>随着通胀升温，一些大宗商品公司的股价可能会走高。这些公司持有大宗商品资产的很大一部分，因此随着大宗商品价格走高，这些公司变得更有价值。</blockquote></p><p> They include&nbsp;<b>Exxon Mobil Corporation</b>(NYSE:XOM),<b>Southern Copper Corporation</b>(NYSE:SCCO), and&nbsp;<b>Newmont Corporation</b>(NYSE:NEM).</p><p><blockquote>它们包括<b>埃克森美孚公司</b>(NYSE：XOM)，<b>南方铜业公司</b>（纽约证券交易所代码：SCCO），以及<b>纽蒙特公司</b>（纽约证券交易所代码：NEM）。</blockquote></p><p> Exxon benefits from higher oil prices. The stock has hit resistance at the $63.50 level and it could be on the verge of a breakout.</p><p><blockquote>埃克森美孚受益于油价上涨。该股已触及63.50美元的阻力位，可能即将突破。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/db45eed41059ff0878aac7b6b4e2fee7\" tg-width=\"1618\" tg-height=\"823\"></p><p><blockquote></blockquote></p><p> Southern Copper benefits from higher copper prices. Shares have dropped to support around the $67 level and there’s a chance they rebound.</p><p><blockquote>南方铜业受益于铜价走高。股价已跌至67美元左右的支撑位，并且有可能反弹。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/543514dbd50dbb41ce5748225d9e606d\" tg-width=\"1615\" tg-height=\"814\"></p><p><blockquote></blockquote></p><p> Newmont is a gold miner. As the price of gold increases, so does its value. The shares are close to the $68.50 level and there’s a chance they find support and rally.</p><p><blockquote>纽蒙特公司是一家金矿公司。随着黄金价格的上涨，其价值也随之上涨。该股接近68.50美元的水平，有机会找到支撑并反弹。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/f699df6d7097a731136d18e4e57324e2\" tg-width=\"1619\" tg-height=\"817\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NEM":"纽曼矿业","XOM":"埃克森美孚","SCCO":"南方铜业"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1177646539","content_text":"As inflation heats up, the stocks of some commodity-based companies can move higher. These companies hold a large part of their assets in commodities, so as their prices move higher, the companies become more valuable.\nThey include Exxon Mobil Corporation(NYSE:XOM),Southern Copper Corporation(NYSE:SCCO), and Newmont Corporation(NYSE:NEM).\nExxon benefits from higher oil prices. The stock has hit resistance at the $63.50 level and it could be on the verge of a breakout.\n\nSouthern Copper benefits from higher copper prices. Shares have dropped to support around the $67 level and there’s a chance they rebound.\n\nNewmont is a gold miner. As the price of gold increases, so does its value. The shares are close to the $68.50 level and there’s a chance they find support and rally.","news_type":1,"symbols_score_info":{"NEM":0.9,"XOM":0.9,"SCCO":0.9}},"isVote":1,"tweetType":1,"viewCount":1077,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":163155447,"gmtCreate":1623864139189,"gmtModify":1634026770581,"author":{"id":"3576366574353945","authorId":"3576366574353945","name":"Ericgil","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576366574353945","idStr":"3576366574353945"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/163155447","repostId":"1175653021","repostType":4,"isVote":1,"tweetType":1,"viewCount":525,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":163152260,"gmtCreate":1623864095550,"gmtModify":1634026771500,"author":{"id":"3576366574353945","authorId":"3576366574353945","name":"Ericgil","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576366574353945","idStr":"3576366574353945"},"themes":[],"htmlText":"Thx","listText":"Thx","text":"Thx","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/163152260","repostId":"1180911259","repostType":4,"repost":{"id":"1180911259","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":1623765092,"share":"https://www.laohu8.com/m/news/1180911259?lang=zh_CN&edition=full","pubTime":"2021-06-15 21:51","market":"us","language":"en","title":"Blockchain stocks mixed in morning trading<blockquote>区块链股票早盘涨跌互现</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1180911259","media":"Tiger Newspress","summary":"(June 15) Blockchain stocks mixed in morning trading.","content":"<p>(June&nbsp;15)&nbsp;Blockchain&nbsp;stocks&nbsp;mixed&nbsp;in&nbsp;morning&nbsp;trading.</p><p><blockquote>（6月15日）区块链股早盘涨跌不一。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/2add04248d60bb69c41121475aca5e34\" tg-width=\"283\" tg-height=\"365\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE 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trading<blockquote>区块链股票早盘涨跌互现</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-06-15 21:51</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>(June&nbsp;15)&nbsp;Blockchain&nbsp;stocks&nbsp;mixed&nbsp;in&nbsp;morning&nbsp;trading.</p><p><blockquote>（6月15日）区块链股早盘涨跌不一。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/2add04248d60bb69c41121475aca5e34\" tg-width=\"283\" tg-height=\"365\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RIOT":"Riot Platforms","MARA":"MARA Holdings","EBON":"亿邦国际","BTBT":"Bit Digital, Inc.","CAN":"嘉楠科技"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1180911259","content_text":"(June 15) Blockchain stocks mixed in morning trading.","news_type":1,"symbols_score_info":{"MARA":0.9,"BTBT":0.9,"RIOT":0.9,"CAN":0.9,"EBON":0.9}},"isVote":1,"tweetType":1,"viewCount":673,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":163151192,"gmtCreate":1623863978316,"gmtModify":1634026774196,"author":{"id":"3576366574353945","authorId":"3576366574353945","name":"Ericgil","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576366574353945","idStr":"3576366574353945"},"themes":[],"htmlText":"[财迷]&nbsp;","listText":"[财迷]&nbsp;","text":"[财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/163151192","repostId":"2143762347","repostType":4,"isVote":1,"tweetType":1,"viewCount":934,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"hots":[{"id":128372663,"gmtCreate":1624503694052,"gmtModify":1634005142271,"author":{"id":"3576366574353945","authorId":"3576366574353945","name":"Ericgil","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576366574353945","idStr":"3576366574353945"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/128372663","repostId":"2145156570","repostType":4,"isVote":1,"tweetType":1,"viewCount":2195,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":167497413,"gmtCreate":1624281306432,"gmtModify":1634008487498,"author":{"id":"3576366574353945","authorId":"3576366574353945","name":"Ericgil","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576366574353945","idStr":"3576366574353945"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/167497413","repostId":"1154249454","repostType":4,"isVote":1,"tweetType":1,"viewCount":2518,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":150139789,"gmtCreate":1624889157941,"gmtModify":1633947444312,"author":{"id":"3576366574353945","authorId":"3576366574353945","name":"Ericgil","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576366574353945","idStr":"3576366574353945"},"themes":[],"htmlText":"Wow great","listText":"Wow great","text":"Wow great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/150139789","repostId":"1170953229","repostType":4,"repost":{"id":"1170953229","kind":"news","pubTimestamp":1624885060,"share":"https://www.laohu8.com/m/news/1170953229?lang=zh_CN&edition=full","pubTime":"2021-06-28 20:57","market":"us","language":"en","title":"Cloudflare: High-Quality Business, But Not Cheap<blockquote>Cloudflare：高质量的业务，但不便宜</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1170953229","media":"seekingalpha","summary":"Summary\n\nCloudflare is a high-performance CDN. Its paying customers continue to rapidly increase and","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Cloudflare is a high-performance CDN. Its paying customers continue to rapidly increase and show no signs of slowing down.</li>  <li>Cloudflare's gross margins are very high, reaching the high 70s%.</li>  <li>Cloudflare is priced at 53x forward sales, making it one of the most expensive SaaS names.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a7cd9332f245bbb2907015fd86c5ff20\" tg-width=\"1536\" tg-height=\"864\" referrerpolicy=\"no-referrer\"><span>imaginima/E+ via Getty Images</span></p><p><blockquote><ul><li>Cloudflare是一款高性能CDN。其付费客户继续快速增长，并且没有放缓的迹象。</li><li>Cloudflare的毛利率非常高，高达70%。</li><li>Cloudflare的定价是远期销售额的53倍，使其成为SaaS最昂贵的品牌之一。</li></ul><p class=\"t-img-caption\"><span>imaginima/E+来自Getty Images</span></p></blockquote></p><p> <b>Investment Thesis</b></p><p><blockquote><b>投资论文</b></blockquote></p><p> Cloudflare(NYSE:NET)is Content Delivery Network (''CDN''). As the world continues to rapidly digitize, the demand for high-quality and fast internet networks continues to increase. To this end, it's perhaps no surprise that investors have long ago understood these prospects and reflected this belief into Cloudflare's share price. In fact, Cloudflare is now priced at 53x forward sales making it one of the most expensive SaaS names.</p><p><blockquote>Cloudflare（纽约证券交易所代码：NET）是内容交付网络（“CDN”）。随着世界继续快速数字化，对高质量和快速互联网网络的需求不断增加。为此，投资者很久以前就了解这些前景并将这种信念反映到Cloudflare的股价中或许也就不足为奇了。事实上，Cloudflare现在的定价是远期销售额的53倍，使其成为SaaS最昂贵的品牌之一。</blockquote></p><p> Having said that, Cloudflare's growth rates continue to be persistently high and stable. Investors interested in Cloudflare will have to adopt a firm buy-and-hold strategy.</p><p><blockquote>话虽如此，Cloudflare的增长率仍然居高不下且稳定。对Cloudflare感兴趣的投资者将不得不采取坚定的买入并持有策略。</blockquote></p><p> <b>Voting Machine vs Weighing Machine</b></p><p><blockquote><b>投票机vs称重机</b></blockquote></p><p> Cloudflare is a Content Delivery Network (''CDN''). Its mission is to make the internet secure, faster, and more reliable.</p><p><blockquote>Cloudflare是一个内容交付网络（“CDN”）。它的使命是使互联网更安全、更快、更可靠。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0c97ad60d00f39022413a4453bb38d2d\" tg-width=\"635\" tg-height=\"433\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> This time last year, investors were passionately clamoring for Fastly (FSLY). It was viewed by many as a company that could do no wrong. This year, it's a dramatically different setup as the graph above depicts. Fastly has fallen by the wayside, while Cloudflare is now the reigning champion.</p><p><blockquote>去年这个时候，投资者对Fastly(FSLY)充满热情。许多人认为它是一家不会犯错的公司。今年，情况截然不同，如上图所示。Fastly已经半途而废，而Cloudflare现在是卫冕冠军。</blockquote></p><p> Investors are voting with their feet to exit Fastly and they are now piling in around Cloudflare.</p><p><blockquote>投资者正在用脚投票决定快速退出，他们现在正在涌入Cloudflare。</blockquote></p><p> As a value investor, I would normally argue that this is likely to once again revert. Here is a quote from Horace that legendary investor Benjamin Graham's investment philosophy was based on:<i>many shall berestoredthat now are fallen and many shall fall that now are in honor.</i></p><p><blockquote>作为一名价值投资者，我通常认为这种情况可能会再次恢复。以下是传奇投资者本杰明·格雷厄姆(Benjamin Graham)的投资理念所基于的贺拉斯(Horace)的一句话：<i>许多现在倒下的人将会复活，许多现在被荣耀的人将会倒下。</i></blockquote></p><p> Having said that, for every snapping one-liner an investor might put out, the real investor's prospects lie in doing the work and attempting to discern the underlying opportunity.</p><p><blockquote>话虽如此，对于投资者可能发表的每一句俏皮话，真正的投资者的前景在于做工作并试图辨别潜在的机会。</blockquote></p><p> <b>Cloudflare is a High-Quality Business</b></p><p><blockquote><b>Cloudflare是一项优质业务</b></blockquote></p><p> Cloudflare's non-GAAP gross margins are not only incredibly high, but they are highly stable too.</p><p><blockquote>Cloudflare的非GAAP毛利率不仅高得令人难以置信，而且非常稳定。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/161c2d74e08d4ccf531ab30182bd8a62\" tg-width=\"747\" tg-height=\"613\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> As a reminder, this compares with Fastly's60.1%as of Q1 2021. On the surface, this is incredibly alluring and is a typical indicator of a high-quality business.</p><p><blockquote>提醒一下，相比之下，Fastly截至2021年第一季度的这一比例为60.1%。从表面上看，这非常诱人，是高质量业务的典型指标。</blockquote></p><p> On the other hand, as we look out to Cloudflare's full-year guidance, its non-GAAP operating margins are expected to come in at<i>a negative 4%</i>. Of course, this is a substantial improvement from the negative 8% from 2020 and puts Cloudflare very close to breakeven.</p><p><blockquote>另一方面，当我们展望Cloudflare的全年指引时，其非GAAP营业利润率预计将达到<i>负4%</i>.当然，这比2020年的负8%有了实质性的改善，并使Cloudflare非常接近盈亏平衡。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8a369e8d30ed6115c1e05ca0b8310f0a\" tg-width=\"516\" tg-height=\"237\"><span>Source: Long-Term Model</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：长期模型</span></p></blockquote></p><p> Nevertheless, to go from<i>negative 4% to positive +20% in operating margins is a very steep climb</i>. So, investors should be cautious and take this guide with a pinch of salt.</p><p><blockquote>然而，从<i>营业利润率从负4%到正+20%是一个非常陡峭的攀升</i>因此，投资者应谨慎行事，对本指南持保留态度。</blockquote></p><p> Moving on, its latest sets of results put Cloudflare's dollar-based net retention at 123%. This is an important metric because it not only shows that the company's customer base is sticky but reminds us that Cloudflare is capable of upselling 23% more services to its customers y/y.</p><p><blockquote>展望未来，其最新业绩显示Cloudflare以美元计算的净保留率为123%。这是一个重要的指标，因为它不仅表明该公司的客户群具有粘性，而且提醒我们Cloudflare能够向其客户追加销售23%的服务。</blockquote></p><p> This insight, together with the fact that Cloudflare's paying customers continue to increase, should provide investors with confidence that Cloudflare's business is very healthy, as its revenues are increasing by a mixture of increasing customers and higher prices:</p><p><blockquote>这一见解，加上Cloudflare付费客户持续增加的事实，应该会让投资者相信Cloudflare的业务非常健康，因为其收入正在通过客户增加和价格上涨的混合而增加：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/6a4e8e1944ecc73a022a5710a3dc07ad\" tg-width=\"640\" tg-height=\"559\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Revenue Growth Rates: Strong and Stable</p><p><blockquote>收入增长率：强劲而稳定</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fdc3dff42f73ccfdfc3b2b4f9a0eb65a\" tg-width=\"640\" tg-height=\"285\"><span>Source: author's calculations; **company guidance</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：作者计算；**公司指引</span></p></blockquote></p><p> Next, we can see above that Cloudflare continues to guide investors for mid-40s% CAGR - at least in the near term.</p><p><blockquote>接下来，我们可以在上面看到，Cloudflare继续引导投资者实现40%左右的复合年增长率——至少在短期内是这样。</blockquote></p><p> Furthermore, knowing how conservative this management is, I suspect that Cloudflare will easily beat these targets and will perhaps even raise its guidance over the coming year.</p><p><blockquote>此外，知道管理层有多保守，我怀疑Cloudflare将轻松击败这些目标，甚至可能在来年提高其指导。</blockquote></p><p></p><p> Nonetheless, we have to keep in mind that we are still discussing a company that's likely to finish 2021 with close to $600 million in revenues. In other words, growing at mid 40s% while the company is at sub $1 billion in revenues, and continuing to grow at mid-40s% at higher than $1 billion in revenues, it's quite a different feat. At some point, size takes a toll.</p><p><blockquote>尽管如此，我们必须记住，我们仍在讨论一家可能在2021年底收入接近6亿美元的公司。换句话说，在公司收入低于10亿美元的情况下以40%左右的速度增长，并在收入高于10亿美元的情况下继续以40%左右的速度增长，这是一个完全不同的壮举。在某些时候，规模会产生影响。</blockquote></p><p> <b>Valuation - Not Cheap</b></p><p><blockquote><b>估值——不便宜</b></blockquote></p><p> Cloudflare is priced at 53x forward sales. This implies that optimism towards Cloudflare is incredibly high. Even amongst SaaS names, I believe this is an outlier. I follow many companies in this space and I don't know of any that are priced as richly as this.</p><p><blockquote>Cloudflare的定价是远期销售额的53倍。这意味着人们对Cloudflare的乐观情绪非常高。即使在SaaS的名字中，我也相信这是一个异常值。我关注了这个领域的许多公司，但我不知道有哪家公司的定价如此之高。</blockquote></p><p> The obvious comparison here is Fastly which is priced at 18x forward sales. But even amongst the cybersecurity names, a sector that is wildly known for its exuberant valuations the likes of CrowdStrike (CRWD) is priced at 42x sales.</p><p><blockquote>这里明显的比较是Fastly，它的定价是远期销售额的18倍。但即使在网络安全公司中，像CrowdStrike(CRWD)这样以估值过高而闻名的行业的定价也是销售额的42倍。</blockquote></p><p> <b>The Bottom Line</b></p><p><blockquote><b>底线</b></blockquote></p><p> Cloudflare is remarkably stable and growing at a rapid rate. Its valuation is not cheap at 53x sales, but there again high-quality companies rarely are. Investors intent on taking a position here may consider buying in dips.</p><p><blockquote>Cloudflare非常稳定，并且正在快速增长。它的估值并不便宜，是销售额的53倍，但同样很少有优质公司。有意在此建仓的投资者可以考虑逢低买入。</blockquote></p><p> Having said that, I prefer to stick to companies with more hairs on them and more cheaply valued. Happy investing!</p><p><blockquote>话虽如此，我更喜欢坚持那些头发更多、估值更便宜的公司。投资愉快！</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>Cloudflare: High-Quality Business, But Not Cheap<blockquote>Cloudflare：高质量的业务，但不便宜</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\">\nCloudflare: High-Quality Business, But Not Cheap<blockquote>Cloudflare：高质量的业务，但不便宜</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">seekingalpha</strong><span class=\"h-time small\">2021-06-28 20:57</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>Cloudflare is a high-performance CDN. Its paying customers continue to rapidly increase and show no signs of slowing down.</li>  <li>Cloudflare's gross margins are very high, reaching the high 70s%.</li>  <li>Cloudflare is priced at 53x forward sales, making it one of the most expensive SaaS names.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a7cd9332f245bbb2907015fd86c5ff20\" tg-width=\"1536\" tg-height=\"864\" referrerpolicy=\"no-referrer\"><span>imaginima/E+ via Getty Images</span></p><p><blockquote><ul><li>Cloudflare是一款高性能CDN。其付费客户继续快速增长，并且没有放缓的迹象。</li><li>Cloudflare的毛利率非常高，高达70%。</li><li>Cloudflare的定价是远期销售额的53倍，使其成为SaaS最昂贵的品牌之一。</li></ul><p class=\"t-img-caption\"><span>imaginima/E+来自Getty Images</span></p></blockquote></p><p> <b>Investment Thesis</b></p><p><blockquote><b>投资论文</b></blockquote></p><p> Cloudflare(NYSE:NET)is Content Delivery Network (''CDN''). As the world continues to rapidly digitize, the demand for high-quality and fast internet networks continues to increase. To this end, it's perhaps no surprise that investors have long ago understood these prospects and reflected this belief into Cloudflare's share price. In fact, Cloudflare is now priced at 53x forward sales making it one of the most expensive SaaS names.</p><p><blockquote>Cloudflare（纽约证券交易所代码：NET）是内容交付网络（“CDN”）。随着世界继续快速数字化，对高质量和快速互联网网络的需求不断增加。为此，投资者很久以前就了解这些前景并将这种信念反映到Cloudflare的股价中或许也就不足为奇了。事实上，Cloudflare现在的定价是远期销售额的53倍，使其成为SaaS最昂贵的品牌之一。</blockquote></p><p> Having said that, Cloudflare's growth rates continue to be persistently high and stable. Investors interested in Cloudflare will have to adopt a firm buy-and-hold strategy.</p><p><blockquote>话虽如此，Cloudflare的增长率仍然居高不下且稳定。对Cloudflare感兴趣的投资者将不得不采取坚定的买入并持有策略。</blockquote></p><p> <b>Voting Machine vs Weighing Machine</b></p><p><blockquote><b>投票机vs称重机</b></blockquote></p><p> Cloudflare is a Content Delivery Network (''CDN''). Its mission is to make the internet secure, faster, and more reliable.</p><p><blockquote>Cloudflare是一个内容交付网络（“CDN”）。它的使命是使互联网更安全、更快、更可靠。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0c97ad60d00f39022413a4453bb38d2d\" tg-width=\"635\" tg-height=\"433\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> This time last year, investors were passionately clamoring for Fastly (FSLY). It was viewed by many as a company that could do no wrong. This year, it's a dramatically different setup as the graph above depicts. Fastly has fallen by the wayside, while Cloudflare is now the reigning champion.</p><p><blockquote>去年这个时候，投资者对Fastly(FSLY)充满热情。许多人认为它是一家不会犯错的公司。今年，情况截然不同，如上图所示。Fastly已经半途而废，而Cloudflare现在是卫冕冠军。</blockquote></p><p> Investors are voting with their feet to exit Fastly and they are now piling in around Cloudflare.</p><p><blockquote>投资者正在用脚投票决定快速退出，他们现在正在涌入Cloudflare。</blockquote></p><p> As a value investor, I would normally argue that this is likely to once again revert. Here is a quote from Horace that legendary investor Benjamin Graham's investment philosophy was based on:<i>many shall berestoredthat now are fallen and many shall fall that now are in honor.</i></p><p><blockquote>作为一名价值投资者，我通常认为这种情况可能会再次恢复。以下是传奇投资者本杰明·格雷厄姆(Benjamin Graham)的投资理念所基于的贺拉斯(Horace)的一句话：<i>许多现在倒下的人将会复活，许多现在被荣耀的人将会倒下。</i></blockquote></p><p> Having said that, for every snapping one-liner an investor might put out, the real investor's prospects lie in doing the work and attempting to discern the underlying opportunity.</p><p><blockquote>话虽如此，对于投资者可能发表的每一句俏皮话，真正的投资者的前景在于做工作并试图辨别潜在的机会。</blockquote></p><p> <b>Cloudflare is a High-Quality Business</b></p><p><blockquote><b>Cloudflare是一项优质业务</b></blockquote></p><p> Cloudflare's non-GAAP gross margins are not only incredibly high, but they are highly stable too.</p><p><blockquote>Cloudflare的非GAAP毛利率不仅高得令人难以置信，而且非常稳定。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/161c2d74e08d4ccf531ab30182bd8a62\" tg-width=\"747\" tg-height=\"613\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> As a reminder, this compares with Fastly's60.1%as of Q1 2021. On the surface, this is incredibly alluring and is a typical indicator of a high-quality business.</p><p><blockquote>提醒一下，相比之下，Fastly截至2021年第一季度的这一比例为60.1%。从表面上看，这非常诱人，是高质量业务的典型指标。</blockquote></p><p> On the other hand, as we look out to Cloudflare's full-year guidance, its non-GAAP operating margins are expected to come in at<i>a negative 4%</i>. Of course, this is a substantial improvement from the negative 8% from 2020 and puts Cloudflare very close to breakeven.</p><p><blockquote>另一方面，当我们展望Cloudflare的全年指引时，其非GAAP营业利润率预计将达到<i>负4%</i>.当然，这比2020年的负8%有了实质性的改善，并使Cloudflare非常接近盈亏平衡。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8a369e8d30ed6115c1e05ca0b8310f0a\" tg-width=\"516\" tg-height=\"237\"><span>Source: Long-Term Model</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：长期模型</span></p></blockquote></p><p> Nevertheless, to go from<i>negative 4% to positive +20% in operating margins is a very steep climb</i>. So, investors should be cautious and take this guide with a pinch of salt.</p><p><blockquote>然而，从<i>营业利润率从负4%到正+20%是一个非常陡峭的攀升</i>因此，投资者应谨慎行事，对本指南持保留态度。</blockquote></p><p> Moving on, its latest sets of results put Cloudflare's dollar-based net retention at 123%. This is an important metric because it not only shows that the company's customer base is sticky but reminds us that Cloudflare is capable of upselling 23% more services to its customers y/y.</p><p><blockquote>展望未来，其最新业绩显示Cloudflare以美元计算的净保留率为123%。这是一个重要的指标，因为它不仅表明该公司的客户群具有粘性，而且提醒我们Cloudflare能够向其客户追加销售23%的服务。</blockquote></p><p> This insight, together with the fact that Cloudflare's paying customers continue to increase, should provide investors with confidence that Cloudflare's business is very healthy, as its revenues are increasing by a mixture of increasing customers and higher prices:</p><p><blockquote>这一见解，加上Cloudflare付费客户持续增加的事实，应该会让投资者相信Cloudflare的业务非常健康，因为其收入正在通过客户增加和价格上涨的混合而增加：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/6a4e8e1944ecc73a022a5710a3dc07ad\" tg-width=\"640\" tg-height=\"559\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Revenue Growth Rates: Strong and Stable</p><p><blockquote>收入增长率：强劲而稳定</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fdc3dff42f73ccfdfc3b2b4f9a0eb65a\" tg-width=\"640\" tg-height=\"285\"><span>Source: author's calculations; **company guidance</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：作者计算；**公司指引</span></p></blockquote></p><p> Next, we can see above that Cloudflare continues to guide investors for mid-40s% CAGR - at least in the near term.</p><p><blockquote>接下来，我们可以在上面看到，Cloudflare继续引导投资者实现40%左右的复合年增长率——至少在短期内是这样。</blockquote></p><p> Furthermore, knowing how conservative this management is, I suspect that Cloudflare will easily beat these targets and will perhaps even raise its guidance over the coming year.</p><p><blockquote>此外，知道管理层有多保守，我怀疑Cloudflare将轻松击败这些目标，甚至可能在来年提高其指导。</blockquote></p><p></p><p> Nonetheless, we have to keep in mind that we are still discussing a company that's likely to finish 2021 with close to $600 million in revenues. In other words, growing at mid 40s% while the company is at sub $1 billion in revenues, and continuing to grow at mid-40s% at higher than $1 billion in revenues, it's quite a different feat. At some point, size takes a toll.</p><p><blockquote>尽管如此，我们必须记住，我们仍在讨论一家可能在2021年底收入接近6亿美元的公司。换句话说，在公司收入低于10亿美元的情况下以40%左右的速度增长，并在收入高于10亿美元的情况下继续以40%左右的速度增长，这是一个完全不同的壮举。在某些时候，规模会产生影响。</blockquote></p><p> <b>Valuation - Not Cheap</b></p><p><blockquote><b>估值——不便宜</b></blockquote></p><p> Cloudflare is priced at 53x forward sales. This implies that optimism towards Cloudflare is incredibly high. Even amongst SaaS names, I believe this is an outlier. I follow many companies in this space and I don't know of any that are priced as richly as this.</p><p><blockquote>Cloudflare的定价是远期销售额的53倍。这意味着人们对Cloudflare的乐观情绪非常高。即使在SaaS的名字中，我也相信这是一个异常值。我关注了这个领域的许多公司，但我不知道有哪家公司的定价如此之高。</blockquote></p><p> The obvious comparison here is Fastly which is priced at 18x forward sales. But even amongst the cybersecurity names, a sector that is wildly known for its exuberant valuations the likes of CrowdStrike (CRWD) is priced at 42x sales.</p><p><blockquote>这里明显的比较是Fastly，它的定价是远期销售额的18倍。但即使在网络安全公司中，像CrowdStrike(CRWD)这样以估值过高而闻名的行业的定价也是销售额的42倍。</blockquote></p><p> <b>The Bottom Line</b></p><p><blockquote><b>底线</b></blockquote></p><p> Cloudflare is remarkably stable and growing at a rapid rate. Its valuation is not cheap at 53x sales, but there again high-quality companies rarely are. Investors intent on taking a position here may consider buying in dips.</p><p><blockquote>Cloudflare非常稳定，并且正在快速增长。它的估值并不便宜，是销售额的53倍，但同样很少有优质公司。有意在此建仓的投资者可以考虑逢低买入。</blockquote></p><p> Having said that, I prefer to stick to companies with more hairs on them and more cheaply valued. Happy investing!</p><p><blockquote>话虽如此，我更喜欢坚持那些头发更多、估值更便宜的公司。投资愉快！</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4436906-cloudflare-high-quality-business-but-not-cheap\">seekingalpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NET":"Cloudflare, Inc."},"source_url":"https://seekingalpha.com/article/4436906-cloudflare-high-quality-business-but-not-cheap","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1170953229","content_text":"Summary\n\nCloudflare is a high-performance CDN. Its paying customers continue to rapidly increase and show no signs of slowing down.\nCloudflare's gross margins are very high, reaching the high 70s%.\nCloudflare is priced at 53x forward sales, making it one of the most expensive SaaS names.\n\nimaginima/E+ via Getty Images\nInvestment Thesis\nCloudflare(NYSE:NET)is Content Delivery Network (''CDN''). As the world continues to rapidly digitize, the demand for high-quality and fast internet networks continues to increase. To this end, it's perhaps no surprise that investors have long ago understood these prospects and reflected this belief into Cloudflare's share price. In fact, Cloudflare is now priced at 53x forward sales making it one of the most expensive SaaS names.\nHaving said that, Cloudflare's growth rates continue to be persistently high and stable. Investors interested in Cloudflare will have to adopt a firm buy-and-hold strategy.\nVoting Machine vs Weighing Machine\nCloudflare is a Content Delivery Network (''CDN''). Its mission is to make the internet secure, faster, and more reliable.\nData by YCharts\nThis time last year, investors were passionately clamoring for Fastly (FSLY). It was viewed by many as a company that could do no wrong. This year, it's a dramatically different setup as the graph above depicts. Fastly has fallen by the wayside, while Cloudflare is now the reigning champion.\nInvestors are voting with their feet to exit Fastly and they are now piling in around Cloudflare.\nAs a value investor, I would normally argue that this is likely to once again revert. Here is a quote from Horace that legendary investor Benjamin Graham's investment philosophy was based on:many shall berestoredthat now are fallen and many shall fall that now are in honor.\nHaving said that, for every snapping one-liner an investor might put out, the real investor's prospects lie in doing the work and attempting to discern the underlying opportunity.\nCloudflare is a High-Quality Business\nCloudflare's non-GAAP gross margins are not only incredibly high, but they are highly stable too.\n\nAs a reminder, this compares with Fastly's60.1%as of Q1 2021. On the surface, this is incredibly alluring and is a typical indicator of a high-quality business.\nOn the other hand, as we look out to Cloudflare's full-year guidance, its non-GAAP operating margins are expected to come in ata negative 4%. Of course, this is a substantial improvement from the negative 8% from 2020 and puts Cloudflare very close to breakeven.\nSource: Long-Term Model\nNevertheless, to go fromnegative 4% to positive +20% in operating margins is a very steep climb. So, investors should be cautious and take this guide with a pinch of salt.\nMoving on, its latest sets of results put Cloudflare's dollar-based net retention at 123%. This is an important metric because it not only shows that the company's customer base is sticky but reminds us that Cloudflare is capable of upselling 23% more services to its customers y/y.\nThis insight, together with the fact that Cloudflare's paying customers continue to increase, should provide investors with confidence that Cloudflare's business is very healthy, as its revenues are increasing by a mixture of increasing customers and higher prices:\n\nRevenue Growth Rates: Strong and Stable\nSource: author's calculations; **company guidance\nNext, we can see above that Cloudflare continues to guide investors for mid-40s% CAGR - at least in the near term.\nFurthermore, knowing how conservative this management is, I suspect that Cloudflare will easily beat these targets and will perhaps even raise its guidance over the coming year.\nNonetheless, we have to keep in mind that we are still discussing a company that's likely to finish 2021 with close to $600 million in revenues. In other words, growing at mid 40s% while the company is at sub $1 billion in revenues, and continuing to grow at mid-40s% at higher than $1 billion in revenues, it's quite a different feat. At some point, size takes a toll.\nValuation - Not Cheap\nCloudflare is priced at 53x forward sales. This implies that optimism towards Cloudflare is incredibly high. Even amongst SaaS names, I believe this is an outlier. I follow many companies in this space and I don't know of any that are priced as richly as this.\nThe obvious comparison here is Fastly which is priced at 18x forward sales. But even amongst the cybersecurity names, a sector that is wildly known for its exuberant valuations the likes of CrowdStrike (CRWD) is priced at 42x sales.\nThe Bottom Line\nCloudflare is remarkably stable and growing at a rapid rate. Its valuation is not cheap at 53x sales, but there again high-quality companies rarely are. Investors intent on taking a position here may consider buying in dips.\nHaving said that, I prefer to stick to companies with more hairs on them and more cheaply valued. Happy investing!","news_type":1,"symbols_score_info":{"NET":0.9}},"isVote":1,"tweetType":1,"viewCount":1755,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":150197511,"gmtCreate":1624889127233,"gmtModify":1633947446042,"author":{"id":"3576366574353945","authorId":"3576366574353945","name":"Ericgil","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576366574353945","idStr":"3576366574353945"},"themes":[],"htmlText":"Brilliant","listText":"Brilliant","text":"Brilliant","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/150197511","repostId":"1133469064","repostType":4,"isVote":1,"tweetType":1,"viewCount":1878,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":150197819,"gmtCreate":1624889118831,"gmtModify":1633947446366,"author":{"id":"3576366574353945","authorId":"3576366574353945","name":"Ericgil","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576366574353945","idStr":"3576366574353945"},"themes":[],"htmlText":"Gg","listText":"Gg","text":"Gg","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/150197819","repostId":"1133469064","repostType":4,"isVote":1,"tweetType":1,"viewCount":2098,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":125935383,"gmtCreate":1624640359842,"gmtModify":1633950142553,"author":{"id":"3576366574353945","authorId":"3576366574353945","name":"Ericgil","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576366574353945","idStr":"3576366574353945"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/125935383","repostId":"1132385779","repostType":4,"repost":{"id":"1132385779","kind":"news","pubTimestamp":1624625960,"share":"https://www.laohu8.com/m/news/1132385779?lang=zh_CN&edition=full","pubTime":"2021-06-25 20:59","market":"us","language":"en","title":"Netflix Bets on Even Stranger Things<blockquote>Netflix押注于更奇怪的事情</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1132385779","media":"The Wall Street Journal","summary":"Streaming giant is doubling down on dystopian reality dating, in the form of ‘Sexy Beasts,’ to lure ","content":"<p>  Streaming giant is doubling down on dystopian reality dating, in the form of ‘Sexy Beasts,’ to lure more subscribers.  NetflixNFLX1.04%and romance have long been a match made in heaven, but now the streaming giant is taking things to another level.</p><p><blockquote>流媒体巨头正在以“性感野兽”的形式加倍投入反乌托邦现实约会，以吸引更多订户。NetflixNFLX1.04%和浪漫长期以来一直是天作之合，但现在这家流媒体巨头正在将事情提升到另一个水平。</blockquote></p><p> Perhaps emboldened by the success of recent shows like “The Circle” and “Love Is Blind,” Netflix is now doubling down on dystopian reality dating. According to the trailer, released this week, the new concept will feature “real life singles,” sporting “elaborate makeup and prosthetics” and putting blind date chemistry to the test.</p><p><blockquote>也许是受到最近《圆圈》和《爱情是盲目的》等节目的成功的鼓舞，Netflix, Inc.现在加倍努力反乌托邦式的现实约会。根据本周发布的预告片，新概念将以“现实生活中的单身人士”为特色，展示“精致的化妆和假肢”，并测试相亲之间的化学反应。</blockquote></p><p> After reporting disappointing subscriber numbersfor the first quarter,Netflix needs new alluring content. Analysts expect the streaming giant to add about 15 million subscribers in the second half of the year, nearly three times the number it is forecasting for the first half.</p><p><blockquote>在报告了令人失望的第一季度订户数量后，Netflix需要新的有吸引力的内容。分析师预计，这家流媒体巨头下半年将增加约1500万用户，几乎是上半年预测的三倍。</blockquote></p><p> As if dating weren’t already hard enough, contestants on “Sexy Beasts” are expected to find love while looking like a panda or a mouse.The trailer features a suave alienin a bowling alley chatting to his date, an apparent cross between a dolphin and a platypus, stating that “personality, for me, is everything.” Others—especially a beaver who candidly describes his favorite physical feature—are at least honest.</p><p><blockquote>好像约会还不够难，《性感野兽》的参赛者被期望在看起来像熊猫或老鼠的同时找到爱情。预告片展示了一个温文尔雅的外星人在保龄球馆和他的约会对象聊天，他显然是海豚和鸭嘴兽的杂交品种，并表示“对我来说，个性就是一切。”其他人——尤其是一只坦率地描述他最喜欢的身体特征的海狸——至少是诚实的。</blockquote></p><p> If nothing else, viewers will be in it for catfights.</p><p><blockquote>如果没有别的，观众会在里面看猫斗。</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>Netflix Bets on Even Stranger Things<blockquote>Netflix押注于更奇怪的事情</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\">\nNetflix Bets on Even Stranger Things<blockquote>Netflix押注于更奇怪的事情</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">The Wall Street Journal</strong><span class=\"h-time small\">2021-06-25 20:59</span>\n</p>\n</h4>\n</header>\n<article>\n<p>  Streaming giant is doubling down on dystopian reality dating, in the form of ‘Sexy Beasts,’ to lure more subscribers.  NetflixNFLX1.04%and romance have long been a match made in heaven, but now the streaming giant is taking things to another level.</p><p><blockquote>流媒体巨头正在以“性感野兽”的形式加倍投入反乌托邦现实约会，以吸引更多订户。NetflixNFLX1.04%和浪漫长期以来一直是天作之合，但现在这家流媒体巨头正在将事情提升到另一个水平。</blockquote></p><p> Perhaps emboldened by the success of recent shows like “The Circle” and “Love Is Blind,” Netflix is now doubling down on dystopian reality dating. According to the trailer, released this week, the new concept will feature “real life singles,” sporting “elaborate makeup and prosthetics” and putting blind date chemistry to the test.</p><p><blockquote>也许是受到最近《圆圈》和《爱情是盲目的》等节目的成功的鼓舞，Netflix, Inc.现在加倍努力反乌托邦式的现实约会。根据本周发布的预告片，新概念将以“现实生活中的单身人士”为特色，展示“精致的化妆和假肢”，并测试相亲之间的化学反应。</blockquote></p><p> After reporting disappointing subscriber numbersfor the first quarter,Netflix needs new alluring content. Analysts expect the streaming giant to add about 15 million subscribers in the second half of the year, nearly three times the number it is forecasting for the first half.</p><p><blockquote>在报告了令人失望的第一季度订户数量后，Netflix需要新的有吸引力的内容。分析师预计，这家流媒体巨头下半年将增加约1500万用户，几乎是上半年预测的三倍。</blockquote></p><p> As if dating weren’t already hard enough, contestants on “Sexy Beasts” are expected to find love while looking like a panda or a mouse.The trailer features a suave alienin a bowling alley chatting to his date, an apparent cross between a dolphin and a platypus, stating that “personality, for me, is everything.” Others—especially a beaver who candidly describes his favorite physical feature—are at least honest.</p><p><blockquote>好像约会还不够难，《性感野兽》的参赛者被期望在看起来像熊猫或老鼠的同时找到爱情。预告片展示了一个温文尔雅的外星人在保龄球馆和他的约会对象聊天，他显然是海豚和鸭嘴兽的杂交品种，并表示“对我来说，个性就是一切。”其他人——尤其是一只坦率地描述他最喜欢的身体特征的海狸——至少是诚实的。</blockquote></p><p> If nothing else, viewers will be in it for catfights.</p><p><blockquote>如果没有别的，观众会在里面看猫斗。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.wsj.com/articles/netflix-bets-on-even-stranger-things-11624620780\">The Wall Street Journal</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":{"NFLX":"奈飞"},"source_url":"https://www.wsj.com/articles/netflix-bets-on-even-stranger-things-11624620780","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1132385779","content_text":"Streaming giant is doubling down on dystopian reality dating, in the form of ‘Sexy Beasts,’ to lure more subscribers.\n\nNetflixNFLX1.04%and romance have long been a match made in heaven, but now the streaming giant is taking things to another level.\nPerhaps emboldened by the success of recent shows like “The Circle” and “Love Is Blind,” Netflix is now doubling down on dystopian reality dating. According to the trailer, released this week, the new concept will feature “real life singles,” sporting “elaborate makeup and prosthetics” and putting blind date chemistry to the test.\nAfter reporting disappointing subscriber numbersfor the first quarter,Netflix needs new alluring content. Analysts expect the streaming giant to add about 15 million subscribers in the second half of the year, nearly three times the number it is forecasting for the first half.\nAs if dating weren’t already hard enough, contestants on “Sexy Beasts” are expected to find love while looking like a panda or a mouse.The trailer features a suave alienin a bowling alley chatting to his date, an apparent cross between a dolphin and a platypus, stating that “personality, for me, is everything.” Others—especially a beaver who candidly describes his favorite physical feature—are at least honest.\nIf nothing else, viewers will be in it for catfights.","news_type":1,"symbols_score_info":{"NFLX":0.9}},"isVote":1,"tweetType":1,"viewCount":1877,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":125932779,"gmtCreate":1624640335091,"gmtModify":1633950142797,"author":{"id":"3576366574353945","authorId":"3576366574353945","name":"Ericgil","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576366574353945","idStr":"3576366574353945"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/125932779","repostId":"2146071376","repostType":4,"isVote":1,"tweetType":1,"viewCount":2171,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":162138045,"gmtCreate":1624039831287,"gmtModify":1634023653740,"author":{"id":"3576366574353945","authorId":"3576366574353945","name":"Ericgil","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576366574353945","idStr":"3576366574353945"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/162138045","repostId":"2144277163","repostType":2,"isVote":1,"tweetType":1,"viewCount":2114,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":121506455,"gmtCreate":1624469669777,"gmtModify":1634005634761,"author":{"id":"3576366574353945","authorId":"3576366574353945","name":"Ericgil","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576366574353945","idStr":"3576366574353945"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/121506455","repostId":"2145531099","repostType":4,"isVote":1,"tweetType":1,"viewCount":2941,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":168973987,"gmtCreate":1623948243449,"gmtModify":1634025359965,"author":{"id":"3576366574353945","authorId":"3576366574353945","name":"Ericgil","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576366574353945","idStr":"3576366574353945"},"themes":[],"htmlText":"Hmmmm","listText":"Hmmmm","text":"Hmmmm","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/168973987","repostId":"1198660084","repostType":4,"repost":{"id":"1198660084","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":1623937153,"share":"https://www.laohu8.com/m/news/1198660084?lang=zh_CN&edition=full","pubTime":"2021-06-17 21:39","market":"us","language":"en","title":"Gold sector stocks fell in morning trading<blockquote>黄金板块个股早盘下跌</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1198660084","media":"Tiger Newspress","summary":"Gold sector stocks fell in morning trading，GOLD and RGLD shares tumbled nearly 3%,KGC shares dropped","content":"<p>Gold&nbsp;sector&nbsp;stocks&nbsp;fell&nbsp;in&nbsp;morning&nbsp;trading，GOLD&nbsp;and&nbsp;RGLD&nbsp;shares&nbsp;tumbled&nbsp;nearly&nbsp;3%,KGC&nbsp;shares&nbsp;dropped&nbsp;more&nbsp;than&nbsp;4%.</p><p><blockquote>黄金板块股票早盘下跌，Gold和RGLD股价暴跌近3%，KGC股价下跌超过4%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/7d4ade715c0085abc49f388d1a668f1e\" tg-width=\"797\" tg-height=\"578\">Gold slumped below $1,800 an ounce as the Federal Reserve sped up its expected pace of policy tightening amid optimism about the labor market and heightened concerns over inflation.</p><p><blockquote>由于对劳动力市场的乐观情绪和对通胀的担忧加剧，美联储加快了预期的政策收紧步伐，金价跌至1800美元/盎司以下。</blockquote></p><p> The metal slipped to the lowest in six weeks on Thursday as the dollar continued to strengthen, the day after Fed Chair Jerome Powell said the central bank would begin a discussion about scaling back bond purchases. It’s the first major hawkish turn from the central bank whose deluge of stimulus has been critical to bullion’s strong performance since the start of the pandemic.</p><p><blockquote>周四，随着美元继续走强，金价跌至六周来的最低水平，此前一天，美联储主席鲍威尔表示，美联储将开始讨论缩减债券购买规模。这是央行首次重大鹰派转向，自疫情爆发以来，央行的大量刺激措施对金条的强劲表现至关重要。</blockquote></p><p> The central bank also released forecasts that show it anticipates two interest-rate increases by the end of 2023 -- sooner than many thought -- which helped boost the dollar and U.S. bond yields, hurting gold. Bullion, which declined the most in five months on Wednesday, broke through a number of key technical support levels, including falling below its 100-day moving average.</p><p><blockquote>央行还发布的预测显示，预计到2023年底将加息两次——比许多人想象的要早——这有助于提振美元和美国债券收益率，损害黄金。周三创下五个月来最大跌幅的金价突破了多个关键技术支撑位，包括跌破100日移动均线。</blockquote></p><p> “We have a negative outlook, expecting gold to fall to $1,600 an ounce over the next six to 12 months,” said Giovanni Staunovo, an analyst at UBS Group AG. “At some point the Fed will not talk about taper but also implement it.”</p><p><blockquote>瑞银集团分析师Giovanni Staunovo表示：“我们对前景持负面看法，预计未来6至12个月金价将跌至每盎司1,600美元。”“在某些时候，美联储不会谈论taper，但也会实施它。”</blockquote></p><p> Spot gold declined 1.7% to $1,780.97 an ounce as of 2:07 p.m. in London, after earlier dropping to $1,776.08, the lowest intraday level since May 5. Silver, platinum and palladium also declined. The Bloomberg Dollar Spot Index gained 0.5% after rising 0.9% on Wednesday.</p><p><blockquote>截至下午2:07，现货黄金下跌1.7%，至每盎司1,780.97美元。伦敦股市早些时候跌至1,776.08美元，为5月5日以来的最低盘中水平。白银、铂金和钯金也出现下滑。彭博美元现货指数继周三上涨0.9%后上涨0.5%。</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>Gold sector stocks fell in morning trading<blockquote>黄金板块个股早盘下跌</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\">\nGold sector stocks fell in morning trading<blockquote>黄金板块个股早盘下跌</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\">2021-06-17 21:39</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Gold&nbsp;sector&nbsp;stocks&nbsp;fell&nbsp;in&nbsp;morning&nbsp;trading，GOLD&nbsp;and&nbsp;RGLD&nbsp;shares&nbsp;tumbled&nbsp;nearly&nbsp;3%,KGC&nbsp;shares&nbsp;dropped&nbsp;more&nbsp;than&nbsp;4%.</p><p><blockquote>黄金板块股票早盘下跌，Gold和RGLD股价暴跌近3%，KGC股价下跌超过4%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/7d4ade715c0085abc49f388d1a668f1e\" tg-width=\"797\" tg-height=\"578\">Gold slumped below $1,800 an ounce as the Federal Reserve sped up its expected pace of policy tightening amid optimism about the labor market and heightened concerns over inflation.</p><p><blockquote>由于对劳动力市场的乐观情绪和对通胀的担忧加剧，美联储加快了预期的政策收紧步伐，金价跌至1800美元/盎司以下。</blockquote></p><p> The metal slipped to the lowest in six weeks on Thursday as the dollar continued to strengthen, the day after Fed Chair Jerome Powell said the central bank would begin a discussion about scaling back bond purchases. It’s the first major hawkish turn from the central bank whose deluge of stimulus has been critical to bullion’s strong performance since the start of the pandemic.</p><p><blockquote>周四，随着美元继续走强，金价跌至六周来的最低水平，此前一天，美联储主席鲍威尔表示，美联储将开始讨论缩减债券购买规模。这是央行首次重大鹰派转向，自疫情爆发以来，央行的大量刺激措施对金条的强劲表现至关重要。</blockquote></p><p> The central bank also released forecasts that show it anticipates two interest-rate increases by the end of 2023 -- sooner than many thought -- which helped boost the dollar and U.S. bond yields, hurting gold. Bullion, which declined the most in five months on Wednesday, broke through a number of key technical support levels, including falling below its 100-day moving average.</p><p><blockquote>央行还发布的预测显示，预计到2023年底将加息两次——比许多人想象的要早——这有助于提振美元和美国债券收益率，损害黄金。周三创下五个月来最大跌幅的金价突破了多个关键技术支撑位，包括跌破100日移动均线。</blockquote></p><p> “We have a negative outlook, expecting gold to fall to $1,600 an ounce over the next six to 12 months,” said Giovanni Staunovo, an analyst at UBS Group AG. “At some point the Fed will not talk about taper but also implement it.”</p><p><blockquote>瑞银集团分析师Giovanni Staunovo表示：“我们对前景持负面看法，预计未来6至12个月金价将跌至每盎司1,600美元。”“在某些时候，美联储不会谈论taper，但也会实施它。”</blockquote></p><p> Spot gold declined 1.7% to $1,780.97 an ounce as of 2:07 p.m. in London, after earlier dropping to $1,776.08, the lowest intraday level since May 5. Silver, platinum and palladium also declined. The Bloomberg Dollar Spot Index gained 0.5% after rising 0.9% on Wednesday.</p><p><blockquote>截至下午2:07，现货黄金下跌1.7%，至每盎司1,780.97美元。伦敦股市早些时候跌至1,776.08美元，为5月5日以来的最低盘中水平。白银、铂金和钯金也出现下滑。彭博美元现货指数继周三上涨0.9%后上涨0.5%。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RGLD":"皇家黄金","KGC":"金罗斯黄金","GOLD":"Gold.com"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1198660084","content_text":"Gold sector stocks fell in morning trading，GOLD and RGLD shares tumbled nearly 3%,KGC shares dropped more than 4%.\nGold slumped below $1,800 an ounce as the Federal Reserve sped up its expected pace of policy tightening amid optimism about the labor market and heightened concerns over inflation.\nThe metal slipped to the lowest in six weeks on Thursday as the dollar continued to strengthen, the day after Fed Chair Jerome Powell said the central bank would begin a discussion about scaling back bond purchases. It’s the first major hawkish turn from the central bank whose deluge of stimulus has been critical to bullion’s strong performance since the start of the pandemic.\nThe central bank also released forecasts that show it anticipates two interest-rate increases by the end of 2023 -- sooner than many thought -- which helped boost the dollar and U.S. bond yields, hurting gold. Bullion, which declined the most in five months on Wednesday, broke through a number of key technical support levels, including falling below its 100-day moving average.\n“We have a negative outlook, expecting gold to fall to $1,600 an ounce over the next six to 12 months,” said Giovanni Staunovo, an analyst at UBS Group AG. “At some point the Fed will not talk about taper but also implement it.”\nSpot gold declined 1.7% to $1,780.97 an ounce as of 2:07 p.m. in London, after earlier dropping to $1,776.08, the lowest intraday level since May 5. Silver, platinum and palladium also declined. The Bloomberg Dollar Spot Index gained 0.5% after rising 0.9% on Wednesday.","news_type":1,"symbols_score_info":{"RGLD":0.9,"GOLD":0.9,"KGC":0.9}},"isVote":1,"tweetType":1,"viewCount":2317,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}