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2021-07-12

nice

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2021-08-12

nie

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2021-08-11

nice

FuboTV Looks Set To Break Out From Long-Term Pattern: What's Next?<blockquote>FuboTV 看起来将摆脱长期模式：下一步是什么？</blockquote>

2021-07-24

nice

Will NIO Stock Follow Tesla's Footsteps? What To Consider Between These Two EV Stocks<blockquote>蔚来股票会追随特斯拉的脚步吗？这两只电动汽车股票之间需要考虑什么</blockquote>

2021-06-23

nice

Canada Passes Sports Betting Legislation: 3 Stocks That Could Benefit<blockquote>加拿大通过体育博彩立法：3 只可能受益的股票</blockquote>

2021-08-08

moi

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2021-07-27

nice

Stock Split Watch: Is Amazon Next?<blockquote>股票分割观察：亚马逊是下一个吗？</blockquote>

2021-07-13

nice

Goldman Sachs Group Q2 EPS $15.02 Beats $10.23 Estimate<blockquote>高盛集团第二季度每股收益 15.02 美元，超出预期 10.23 美元</blockquote>

2021-06-25

nice

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2021-06-10

good

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20:42","market":"us","language":"en","title":"US Retail Sales Slump In July As Stimmy Spending Stalls<blockquote>由于支出低迷，美国 7 月份零售额下滑</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1186807543","media":"zerohedge","summary":"Following June's very modest rise in retail sales, analysts are expecting a stimmy-less American pub","content":"<p>Following June's very modest rise in retail sales, analysts are expecting a stimmy-less American public -whose buying attitudes have utterly collapsed along with sentiment- to spend less in July (-0.3% MoM consensus).</p><p><blockquote>继 6 月份零售额小幅增长后，分析师预计，不那么情绪低落的美国公众（他们的购买态度和情绪已经完全崩溃）将在 7 月份减少支出（-0.3% 的妈妈共识）。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/50bbf6014ff065404b6d3e3085631703\" tg-width=\"991\" tg-height=\"523\" width=\"100%\" height=\"auto\">s<i>ource: Bloomberg</i></p><p><blockquote>s<i>资料来源：彭博社</i></blockquote></p><p> Specifically,BofA, which has nailed the numbers all year, is forecasting a dramatic drop in retail sales in Julyas the spikes from stimulus checks fades into the distance (and the hopes of imminent recovery are dashed by government fearmongering and actions over the Delta variant).</p><p><blockquote>具体来说，美国银行（BofA）全年都锁定了这些数据，预计随着刺激支票的激增逐渐消失，7 月份零售额将大幅下降（而政府散布恐惧和对德尔塔变异毒株的行动粉碎了即将到来的复苏的希望）。</blockquote></p><p> So just how bad was it? US Retail Sales fell 1.1% MoM in July - almost four times worse than the 0.3% slide expected</p><p><blockquote>那么到底有多糟糕呢？美国 7 月份零售额环比下降 1.1%，几乎是预期 0.3% 下滑幅度的四倍</blockquote></p><p> <img src=\"https://static.tigerbbs.com/ce3db2e7b38842514eeb28bba328ccf8\" tg-width=\"979\" tg-height=\"565\" width=\"100%\" height=\"auto\"><i>Source: Bloomberg</i></p><p><blockquote><i>资料来源：彭博社</i></blockquote></p><p> Under the hood, motor vehicles, clothing, and non-store retailers (online) all saw sales tank...</p><p><blockquote>在引擎盖下，汽车、服装和非商店零售商（在线）都看到了销售坦克……</blockquote></p><p> <img src=\"https://static.tigerbbs.com/49a8333958d76945a2febfbd3d834b9e\" tg-width=\"733\" tg-height=\"669\" width=\"100%\" height=\"auto\">This is not the self-sustaining recovery you were looking for...</p><p><blockquote>这不是你想要的自我维持的恢复……</blockquote></p><p> <img src=\"https://static.tigerbbs.com/6181c8f34d711019a61750a92a1d7df2\" tg-width=\"920\" tg-height=\"532\" width=\"100%\" height=\"auto\"><i>Source: Bloomberg</i></p><p><blockquote><i>资料来源：彭博社</i></blockquote></p><p> Finally, most concerning is the 1.0% tumble in the control group data, which slots right into GDP. That is five times worse than the 0.2% decline expected!</p><p><blockquote>最后，最令人担忧的是对照组数据下降了 1.0%，这直接计入了 GDP。这比预期的 0.2% 跌幅差了五倍!</blockquote></p><p> <img src=\"https://static.tigerbbs.com/9a5ef2ff0efc753599bda0247a8c8540\" tg-width=\"979\" tg-height=\"563\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <i>Source: Bloomberg</i></p><p><blockquote><i>资料来源：彭博社</i></blockquote></p><p> Get back to work Mr.Biden... Americans need their stimmies!!</p><p><blockquote>回去工作吧，拜登先生……美国人需要他们的stimmis!!</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>US Retail Sales Slump In July As Stimmy Spending Stalls<blockquote>由于支出低迷，美国 7 月份零售额下滑</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS Retail Sales Slump In July As Stimmy Spending Stalls<blockquote>由于支出低迷，美国 7 月份零售额下滑</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">zerohedge</strong><span class=\"h-time small\">2021-08-17 20:42</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Following June's very modest rise in retail sales, analysts are expecting a stimmy-less American public -whose buying attitudes have utterly collapsed along with sentiment- to spend less in July (-0.3% MoM consensus).</p><p><blockquote>继 6 月份零售额小幅增长后，分析师预计，不那么情绪低落的美国公众（他们的购买态度和情绪已经完全崩溃）将在 7 月份减少支出（-0.3% 的妈妈共识）。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/50bbf6014ff065404b6d3e3085631703\" tg-width=\"991\" tg-height=\"523\" width=\"100%\" height=\"auto\">s<i>ource: Bloomberg</i></p><p><blockquote>s<i>资料来源：彭博社</i></blockquote></p><p> Specifically,BofA, which has nailed the numbers all year, is forecasting a dramatic drop in retail sales in Julyas the spikes from stimulus checks fades into the distance (and the hopes of imminent recovery are dashed by government fearmongering and actions over the Delta variant).</p><p><blockquote>具体来说，美国银行（BofA）全年都锁定了这些数据，预计随着刺激支票的激增逐渐消失，7 月份零售额将大幅下降（而政府散布恐惧和对德尔塔变异毒株的行动粉碎了即将到来的复苏的希望）。</blockquote></p><p> So just how bad was it? US Retail Sales fell 1.1% MoM in July - almost four times worse than the 0.3% slide expected</p><p><blockquote>那么到底有多糟糕呢？美国 7 月份零售额环比下降 1.1%，几乎是预期 0.3% 下滑幅度的四倍</blockquote></p><p> <img src=\"https://static.tigerbbs.com/ce3db2e7b38842514eeb28bba328ccf8\" tg-width=\"979\" tg-height=\"565\" width=\"100%\" height=\"auto\"><i>Source: Bloomberg</i></p><p><blockquote><i>资料来源：彭博社</i></blockquote></p><p> Under the hood, motor vehicles, clothing, and non-store retailers (online) all saw sales tank...</p><p><blockquote>在引擎盖下，汽车、服装和非商店零售商（在线）都看到了销售坦克……</blockquote></p><p> <img src=\"https://static.tigerbbs.com/49a8333958d76945a2febfbd3d834b9e\" tg-width=\"733\" tg-height=\"669\" width=\"100%\" height=\"auto\">This is not the self-sustaining recovery you were looking for...</p><p><blockquote>这不是你想要的自我维持的恢复……</blockquote></p><p> <img src=\"https://static.tigerbbs.com/6181c8f34d711019a61750a92a1d7df2\" tg-width=\"920\" tg-height=\"532\" width=\"100%\" height=\"auto\"><i>Source: Bloomberg</i></p><p><blockquote><i>资料来源：彭博社</i></blockquote></p><p> Finally, most concerning is the 1.0% tumble in the control group data, which slots right into GDP. That is five times worse than the 0.2% decline expected!</p><p><blockquote>最后，最令人担忧的是对照组数据下降了 1.0%，这直接计入了 GDP。这比预期的 0.2% 跌幅差了五倍!</blockquote></p><p> <img src=\"https://static.tigerbbs.com/9a5ef2ff0efc753599bda0247a8c8540\" tg-width=\"979\" tg-height=\"563\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <i>Source: Bloomberg</i></p><p><blockquote><i>资料来源：彭博社</i></blockquote></p><p> Get back to work Mr.Biden... Americans need their stimmies!!</p><p><blockquote>回去工作吧，拜登先生……美国人需要他们的stimmis!!</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.zerohedge.com/personal-finance/us-retail-sales-slump-july-stimmy-spending-stalls\">zerohedge</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":{"SPY":"标普500ETF",".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.zerohedge.com/personal-finance/us-retail-sales-slump-july-stimmy-spending-stalls","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1186807543","content_text":"Following June's very modest rise in retail sales, analysts are expecting a stimmy-less American public -whose buying attitudes have utterly collapsed along with sentiment- to spend less in July (-0.3% MoM consensus).\nsource: Bloomberg\nSpecifically,BofA, which has nailed the numbers all year, is forecasting a dramatic drop in retail sales in Julyas the spikes from stimulus checks fades into the distance (and the hopes of imminent recovery are dashed by government fearmongering and actions over the Delta variant).\nSo just how bad was it? US Retail Sales fell 1.1% MoM in July - almost four times worse than the 0.3% slide expected\nSource: Bloomberg\nUnder the hood, motor vehicles, clothing, and non-store retailers (online) all saw sales tank...\nThis is not the self-sustaining recovery you were looking for...\nSource: Bloomberg\nFinally, most concerning is the 1.0% tumble in the control group data, which slots right into GDP. That is five times worse than the 0.2% decline expected!\n\nSource: Bloomberg\nGet back to work Mr.Biden... Americans need their stimmies!!","news_type":1,"symbols_score_info":{".SPX":0.9,".DJI":0.9,".IXIC":0.9,"SPY":0.9}},"isVote":1,"tweetType":1,"viewCount":2300,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":839174185,"gmtCreate":1629130755747,"gmtModify":1631889822600,"author":{"id":"3576420733683738","authorId":"3576420733683738","name":"markkk","avatar":"https://static.tigerbbs.com/df42d8e8fb0e4c7a09fcf6592b170a1e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576420733683738","authorIdStr":"3576420733683738"},"themes":[],"title":"","htmlText":"niv","listText":"niv","text":"niv","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/839174185","repostId":"2159150222","repostType":4,"isVote":1,"tweetType":1,"viewCount":3803,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":830864502,"gmtCreate":1629057203606,"gmtModify":1631889822615,"author":{"id":"3576420733683738","authorId":"3576420733683738","name":"markkk","avatar":"https://static.tigerbbs.com/df42d8e8fb0e4c7a09fcf6592b170a1e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576420733683738","authorIdStr":"3576420733683738"},"themes":[],"title":"","htmlText":"behe","listText":"behe","text":"behe","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/830864502","repostId":"1127633167","repostType":4,"repost":{"id":"1127633167","kind":"news","pubTimestamp":1628997765,"share":"https://www.laohunote.com/m/news/1127633167?lang=zh_CN&edition=full","pubTime":"2021-08-15 11:22","market":"us","language":"en","title":"These 10 Standout Stocks Could Be the Next Amazon<blockquote>这 10 只杰出股票可能成为下一个亚马逊</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1127633167","media":"Barrons","summary":"One of the most popular buzzwords in investing today is “compounders.” Growth-oriented investors loo","content":"<p>One of the most popular buzzwords in investing today is “compounders.” Growth-oriented investors looking for the next Amazon.com, Costco Wholesale, Nike, or Visa seek to identify companies capable of generating double-digit compound growth in revenue and earnings—preferably both—for years to come.</p><p><blockquote>当今投资中最流行的流行语之一是 “复利者 ”。寻找下一个亚马逊、Costco Wholesale、Nike 或 Visa 的成长型投资者寻求确定能够在未来几年实现收入和盈利两位数复合增长的公司（最好是两者兼而有之）。</blockquote></p><p> The idea is that stock prices should compound in line with revenue and profits, enabling investors to generate high returns over a holding period of five to 10 years. The ultimate goal is to find the elusive “10 bagger”—a stock&nbsp;that returns 10 times what you paid for it.</p><p><blockquote>这个想法是，股票价格应该与收入和利润保持一致，使投资者能够在5到10年的持有期内产生高回报。最终目标是找到难以捉摸的 “10 bagger”--回报率是你购买价格 10 倍的股票。</blockquote></p><p> Wall Street analyst notes and client letters from investment pros are replete with compounder references. Many of the next generation of value managers, identified&nbsp;in a&nbsp;<i>Barron’s</i>&nbsp;cover story in May, are seeking such shares, rather than the traditional value fare of cheap stocks.</p><p><blockquote>华尔街分析师的笔记和投资专业人士的客户信中充满了复合器的参考资料。许多下一代价值经理，在<i>巴伦</i>五月份的封面故事，正在寻求此类股票，而不是廉价股票的传统价值。</blockquote></p><p> Their search has become more challenging, because buyers are paying lofty prices for high-growth stories. Really big winners are scarce. Only about 35 companies in each of a long series of 10-year periods have compounded their stock prices at 20% or more annually, resulting in at least a sixfold increase, according to Durable Capital Partners.</p><p><blockquote>他们的搜索变得更具挑战性，因为买家正在为高增长的故事支付高价。真正的大赢家很少。根据 Durable Capital Partners 的数据，在 10 年的漫长系列中，只有大约 35 家公司的股价每年复合上涨 20% 或更多，导致至少增长了六倍。</blockquote></p><p> Many investors are happy to stick with large, well-known compounders, such as&nbsp;Alphabet(ticker: GOOGL),Mastercard(MA),UnitedHealth Group(UNH), and&nbsp;Eli Lilly(LLY).</p><p><blockquote>许多投资者很乐意坚持使用大型知名复合商，例如Alphabet（股票代码：GOOGL）、万事达卡（MA）、联合健康集团（UNH）和礼来公司（LLY）。</blockquote></p><p> <i>Barron’s</i>&nbsp;sought to identify smaller candidates. We talked to investment managers and came up with an eclectic list of 10 stocks, most with market values under $10 billion. Here are the selections, in alphabetical order:</p><p><blockquote><i>巴伦</i>试图确定较小的候选人。我们与投资经理进行了交谈，列出了一份包含 10 只股票的兼收并蓄的名单，其中大多数市值低于 100 亿美元。以下是按字母顺序排列的选择：</blockquote></p><p> Strong and Steady Wins the RaceHere are 10 stocks that growth investors have identified as being able to generate consistently high growth in revenues or profits for many years.</p><p><blockquote>强劲而稳定的胜利 以下是成长型投资者认为能够多年来持续实现收入或利润高增长的 10 只股票。</blockquote></p><p> <table>  <thead>   <tr>    <th>Company / Ticker</th>    <th>Recent Price</th>    <th>YTD Change</th>    <th>2021E P/E</th>    <th>2021E Price/Sales</th>    <th>2022E P/E</th>    <th>2022E Price/Sales</th>    <th>LT Growth Rate*</th>    <th>Market Value (bil)</th>    <th>Comment</th>   </tr>  </thead>  <tbody>   <tr>    <td>Amedysis / AMED</td>    <td>$185.15</td>    <td>-37%</td>    <td>30.2</td>    <td>2.7</td>    <td>27.7</td>    <td>2.4</td>    <td>10.5%</td>    <td>$6.3</td>    <td>Leader in home health care</td>   </tr>   <tr>    <td>Amyris / AMRS</td>    <td>13.64</td>    <td>121</td>    <td>NM</td>    <td>10.4</td>    <td>NM</td>    <td>9.7</td>    <td>NA</td>    <td>4.1</td>    <td>Leading company in synthetic biology</td>   </tr>   <tr>    <td>Booz Allen Hamilton Holding / BAH</td>    <td>81.73</td>    <td>-6</td>    <td>19.4</td>    <td>1.3</td>    <td>17.7</td>    <td>1.2</td>    <td>8.6</td>    <td>11.0</td>    <td>Defense-department consultant</td>   </tr>   <tr>    <td>J.B. Hunt Transport Services / JBHT</td>    <td>172.76</td>    <td>26</td>    <td>25.8</td>    <td>1.5</td>    <td>22.2</td>    <td>1.4</td>    <td>18.4</td>    <td>18.2</td>    <td>Strong in intermodal freight</td>   </tr>   <tr>    <td>Marriott Vacations Worldwide / VAC</td>    <td>147.15</td>    <td>7</td>    <td>40.9</td>    <td>1.6</td>    <td>15.7</td>    <td>1.4</td>    <td>NA</td>    <td>6.3</td>    <td>Top company in vacation timeshares</td>   </tr>   <tr>    <td>SiteOne Landscape Supply / SITE</td>    <td>197.10</td>    <td>24</td>    <td>45.7</td>    <td>2.6</td>    <td>43.5</td>    <td>2.5</td>    <td>19.3</td>    <td>8.8</td>    <td>Big supplier of landscaping supplies</td>   </tr>   <tr>    <td>Staar Surgical / STAA</td>    <td>138.19</td>    <td>74</td>    <td>192.3</td>    <td>28.6</td>    <td>140.8</td>    <td>22.5</td>    <td>30.0</td>    <td>6.6</td>    <td>Maker of implantable lens for myopia</td>   </tr>   <tr>    <td>Stitch Fix / SFIX</td>    <td>44.38</td>    <td>-24</td>    <td>NM</td>    <td>1.9</td>    <td>1890.3</td>    <td>1.7</td>    <td>30.0</td>    <td>4.8</td>    <td>Data-driven subscription clothing firm</td>   </tr>   <tr>    <td>Trex / TREX</td>    <td>105.94</td>    <td>27</td>    <td>51.9</td>    <td>10.5</td>    <td>43.6</td>    <td>9.3</td>    <td>18.8</td>    <td>12.2</td>    <td>Top maker of synthetic wood decking</td>   </tr>   <tr>    <td>Upwork / UPWK</td>    <td>44.31</td>    <td>28</td>    <td>NM</td>    <td>11.4</td>    <td>556.8</td>    <td>9.2</td>    <td>NA</td>    <td>5.7</td>    <td>Online clearinghouse for free-lancers</td>   </tr>  </tbody> </table> E=Estimate. BAH estimates are for fiscal years ending March 2022 and March 23. SFIX estimates are for fiscal years ending July 2022 and July 2023. NM=Not Meaningful. NA=Not Available. *The annual EPS growth the company can sustain over the next 3-5 years.</p><p><blockquote><table><thead><tr><th>公司/股票代码</th><th>近期价格</th><th>年初至今变化</th><th>2021年市盈率</th><th>2021年价格/销售额</th><th>2022年市盈率</th><th>2022年价格/销售额</th><th>LT增长率*</th><th>市值（bil）</th><th>评论</th></tr></thead><tbody><tr><td>阿梅迪西斯/阿梅德</td><td>$185.15</td><td>-37%</td><td>30.2</td><td>2.7</td><td>27.7</td><td>2.4</td><td>10.5%</td><td>$6.3</td><td>家庭医疗保健领域的领导者</td></tr><tr><td>阿米里斯/AMRS</td><td>13.64</td><td>121</td><td>纳米</td><td>10.4</td><td>纳米</td><td>9.7</td><td>纳</td><td>4.1</td><td>合成生物学领先公司</td></tr><tr><td>博思艾伦汉密尔顿控股 / BAH</td><td>81.73</td><td>-6</td><td>19.4</td><td>1.3</td><td>17.7</td><td>1.2</td><td>8.6</td><td>11.0</td><td>国防部顾问</td></tr><tr><td>J.B亨特运输服务 / JBHT</td><td>172.76</td><td>26</td><td>25.8</td><td>1.5</td><td>22.2</td><td>1.4</td><td>18.4</td><td>18.2</td><td>擅长多式联运</td></tr><tr><td>万豪度假全球/VAC</td><td>147.15</td><td>7</td><td>40.9</td><td>1.6</td><td>15.7</td><td>1.4</td><td>纳</td><td>6.3</td><td>度假分时度假领域的顶级公司</td></tr><tr><td>SiteOne景观供应/场地</td><td>197.10</td><td>24</td><td>45.7</td><td>2.6</td><td>43.5</td><td>2.5</td><td>19.3</td><td>8.8</td><td>大型园林绿化用品供应商</td></tr><tr><td>外科凝视/凝视</td><td>138.19</td><td>74</td><td>192.3</td><td>28.6</td><td>140.8</td><td>22.5</td><td>30.0</td><td>6.6</td><td>近视植入式镜片制造商</td></tr><tr><td>缝合固定/固定</td><td>44.38</td><td>-24</td><td>纳米</td><td>1.9</td><td>1890.3</td><td>1.7</td><td>30.0</td><td>4.8</td><td>数据驱动订阅服装公司</td></tr><tr><td>Trex / Trex</td><td>105.94</td><td>27</td><td>51.9</td><td>10.5</td><td>43.6</td><td>9.3</td><td>18.8</td><td>12.2</td><td>合成木地板的顶级制造商</td></tr><tr><td>Upwork / UPWK</td><td>44.31</td><td>28</td><td>纳米</td><td>11.4</td><td>556.8</td><td>9.2</td><td>纳</td><td>5.7</td><td>自由职业者在线信息交换所</td></tr></tbody></table>E=估计值。BAH的估计是针对截至2022年3月和3月23日的财年。SFIX 的估计适用于截至 2022 年 7 月和 2023 年 7 月的财年。NM=无意义。NA=不可用。*公司未来3-5年可维持的每年每股收益增长。</blockquote></p><p> Source: FactSet</p><p><blockquote>来源：FactSet</blockquote></p><p> Amedisys(AMED), a provider of home healthcare and hospice services, has a national footprint in a still-fragmented business.</p><p><blockquote>Amedisys (AMED) 是一家家庭医疗保健和临终关怀服务提供商，业务仍然分散，业务遍及全国。</blockquote></p><p></p><p> “There is going to be massive consolidation of the industry” predicts Dan Cole, a manager of the Columbia Small-Cap Growth fund. “Healthcare is moving to the home.”</p><p><blockquote>“哥伦比亚小盘股成长基金经理丹-科尔预测说：”该行业将进行大规模整合。“医疗保健正在向家庭转移”。</blockquote></p><p> Amedisys stock is up more than tenfold in the past decade. But the shares, around $185, are off nearly 30% after the company recently cut 2021 financial guidance, citing Covid-related staffing and cost issues, mostly in acquired hospice operations. The 2021 earnings estimate is now $6.13 a share, down from nearly $7. The stock trades for 30 times projected 2021 profits. Cole says that the company remains capable of generating 10% annual gains in earnings per share.</p><p><blockquote>Amedisys 股价在过去十年中上涨了十倍以上。但该公司最近以与新冠疫情相关的人员配备和成本问题（主要是收购的临终关怀业务）为由，削减了 2021 年财务指引，股价约为 185 美元，下跌了近 30%。2021 年盈利预期目前为每股 6.13 美元，低于近 7 美元。该股的交易价格是2021年预计利润的30倍。科尔表示，该公司仍然有能力每年实现 10% 的每股收益增长。</blockquote></p><p> Amyris(AMRS) is a leader in synthetic biology. It fans say its opportunity is to supplant, in an eco-friendly way, a range of products now made from petrochemicals, animals, and plants.</p><p><blockquote>Amyris（AMRS）是合成生物学领域的领导者。It 粉丝表示，它的机会是以环保的方式取代目前由石化产品、动物和植物制成的一系列产品。</blockquote></p><p> Using genetically re-engineered yeast and sugar cane, Amyris produces such things as squalane, a high-end moisturizer formerly made from shark livers; vanillin, the flavoring for vanilla; and a no-calorie sweetener normally derived from plants. The stock trades around $13.</p><p><blockquote>使用基因改造的酵母和甘蔗，Amyris生产角鲨烷等物质，角鲨烷是一种以前由鲨鱼肝制成的高端保湿剂；香草醛，香草的调味料；以及通常来源于植物的无热量甜味剂。该股交易价格约为 13 美元。</blockquote></p><p> <i>Barron’s</i>&nbsp;wrote&nbsp;favorably on the company in July. Amyris sees sales reaching $2 billion by 2025, up from an estimated $400 million this year, driven by its consumer brands.</p><p><blockquote><i>巴伦</i>七月份对该公司的评价很高。在消费品牌的推动下，Amyris 预计到 2025 年销售额将达到 20 亿美元，高于今年的 4 亿美元。</blockquote></p><p> “The world needs clean chemistry, and Amyris is the point on the spear to create it,” says Randy Baron, a portfolio manager at Pinnacle Associates, which owns Amyris shares. He thinks they could hit $75 by the end of 2022.</p><p><blockquote>“拥有 Amyris 股票的 Pinnacle Associates 公司的投资组合经理兰迪-巴伦（Randy Baron）说：”世界需要清洁化学，而 Amyris 正是创造清洁化学的关键。他认为到 2022 年底，它们的价格可能会达到 75 美元。</blockquote></p><p> Booz Allen Hamilton Holding(BAH) is an important consultant to the Defense Department and other agencies. The U.S. government accounted for 97% of its revenue in its latest fiscal year. Booz Allen has built robust ties to the government over the years by providing an array of services, like cybersecurity. Its stock trades around $81, for a 1.8% yield.</p><p><blockquote>博思艾伦汉密尔顿控股公司（BAH）是国防部和其他机构的重要顾问。美国政府在最近一个财政年度占其收入的97%。多年来，博思艾伦通过提供网络安全等一系列服务，与政府建立了牢固的联系。其股票交易价格约为 81 美元，收益率为 1.8%。</blockquote></p><p> “It has built a strong, partnership-like culture and has a long record of steady growth,” says Josh Spencer, manager of the T. Rowe Price New Horizons fund. He sees Booz Allen as capable of generating 9% to 10% annual growth in revenue and yearly gains of 15% to 16% in earnings, in line with its historical performance. The stock is off 20% from its peak of $100, amid concerns about more restrained military spending. Spencer sees the pullback as a buying opportunity, with the stock valued at less than 20 times earnings.</p><p><blockquote>“T. Rowe Price New Horizons 基金经理乔希-斯宾塞（Josh Spencer）说：”它已经建立了一种强大的、类似合作伙伴关系的文化，并有着长期的稳定增长记录。他认为博思艾伦有能力实现 9% 至 10% 的年收入增长，每年盈利增长 15% 至 16%，与其历史表现一致。由于担心军费开支受到更多限制，该股较 100 美元的峰值下跌了 20%。斯宾塞将此次回调视为买入机会，该股估值不到市盈率的 20 倍。</blockquote></p><p> J.B. Hunt Transport Services(JBHT) is a leader in intermodal freight, which involves the fuel-efficient movement of trucks over rail lines. It has been one of the most successful trucking companies. Its stock has risen 30-fold over the past 20 years, to a recent $173. “It has an incredible franchise,” says Henry Ellenbogen, chief investment officer at Durable Capital Partners and a member of the&nbsp;Barron’s Roundtable.</p><p><blockquote>J.B亨特运输服务公司（JBHT）是多式联运货运领域的领导者，多式联运货运涉及卡车在铁路线上的节能运输。它是最成功的卡车运输公司之一。过去 20 年里，其股价上涨了 30 倍，最近达到 173 美元。“Durable Capital Partners 首席投资官、《巴伦周刊》圆桌会议成员亨利-埃伦博根（Henry Ellenbogen）说：”它拥有令人难以置信的特许经营权。</blockquote></p><p> J.B. Hunt’s relationship with the Burlington Northern Santa Fe railroad gives it a strong position in intermodal freight, he notes. J.B. Hunt also has a growing business taking over the trucking operations of smaller companies. And it is involved in digital freight brokerage—matching truckers with shipping customers.</p><p><blockquote>J.B他指出，亨特与伯灵顿北圣达菲铁路公司（Burlington Northern Santa Fe railroad）的合作关系使其在多式联运货运领域占据了强大的地位。J.B亨特的业务也在不断增长，接管了小公司的卡车运输业务。它还涉足数字货运经纪业务——将卡车司机与航运客户进行匹配。</blockquote></p><p> Ellenbogen says the stock is reasonable at 22 times estimated 2022 profits, given a mid-teens annual growth outlook for earnings.</p><p><blockquote>Ellenbogen 表示，考虑到 2022 年盈利增长前景，该股 2022 年盈利预期的 22 倍是合理的。</blockquote></p><p> Marriott Vacations Worldwide(VAC) is one of the top companies in the timeshare industry. It has 700,000 owners, a resilient business model with significant revenue from fees, and more exposure than its peers to luxury properties in places including Hawaii and Orlando, Fla.</p><p><blockquote>万豪度假全球（VAC）是分时度假行业的顶级公司之一。它拥有 70 万业主，是一种有弹性的商业模式，拥有可观的费用收入，并且比同行更容易接触到夏威夷和佛罗里达州奥兰多等地的豪华房产。</blockquote></p><p> “It has the best customer base, with the highest spending and an impeccable balance sheet,” says David Baron, a manager of the Baron Focused Growth fund. Marriott Vacations, whose shares recently were trading around $145, should reinstate its dividend later this year, he adds.</p><p><blockquote>“Baron Focused Growth fund 的经理大卫-巴伦（David Baron）说：”它拥有最好的客户群、最高的支出和无可挑剔的资产负债表。他补充说，万豪度假公司的股价最近约为 145 美元，该公司应该会在今年晚些时候恢复股息。</blockquote></p><p> The shares, Baron argues, are cheap at a 11% free-cash-flow yield, based on 2022 estimates. He says that the stock, little changed since 2018, could produce 20% annual returns for shareholders in the coming years.</p><p><blockquote>巴伦认为，根据 2022 年的预测，这些股票的自由现金流收益率为 11%，价格便宜。他表示，该股自 2018 年以来几乎没有变化，未来几年可能会为股东带来 20% 的年回报。</blockquote></p><p> SiteOne Landscape Supply(SITE) is the country’s top supplier of landscaping products, with ample opportunity to expand, given that it has just a 13% market share in a highly fragmented industry.</p><p><blockquote>SiteOne Landscape Supply（SITE）是美国最大的园林绿化产品供应商，鉴于该公司在高度分散的行业中仅占 13% 的市场份额，因此具有充足的扩张机会。</blockquote></p><p> “It’s growing organically and has lots of acquisition opportunities,” says Columbia’s Cole, who considers the company to be capable of 10% to 15% annual revenue growth.</p><p><blockquote>“哥伦比亚大学的科尔说：”它正在有机增长，并有很多收购机会。</blockquote></p><p> The stock, around $197, has a rich valuation, trading for 43 times projected 2022 earnings of $4.54 a share.</p><p><blockquote>该股估值约为 197 美元，估值丰富，是 2022 年预计每股收益 4.54 美元的 43 倍。</blockquote></p><p> Staar Surgical(STAA) has developed an implantable lens to correct myopia (nearsightedness). That addresses a potentially huge market, given the rising global incidence of that vision problem. The company expects the lens, which has been available in Europe and Asia for at least five years, to be on the U.S. market in the fourth quarter, pending Food and Drug Administration approval.</p><p><blockquote>Staar Surgical（STAA）开发了一种可植入晶状体来矫正近视（近视）。鉴于视力问题在全球范围内的发病率不断上升，这解决了一个潜在的巨大市场。该公司预计，该镜头已在欧洲和亚洲上市至少五年，将于第四季度进入美国市场，等待美国食品和药物管理局的批准。</blockquote></p><p></p><p> “It could do substantial volumes,’’ says Doug Brodie, a global manager at Baillie Gifford. “It’s early in a journey and is largely devoid of competition.”</p><p><blockquote>“Baillie Gifford 全球经理道格-布罗迪（Doug Brodie）说：”它可以创造大量的销量。“它还处于起步阶段，基本上没有竞争。</blockquote></p><p> Lenses for both eyes can be implanted in less than an hour, and they don’t involve the removal of the natural lenses. The wholesale cost in the U.S. could be around $1,000 per lens.</p><p><blockquote>双眼晶状体可在不到一小时的时间内植入，而且不需要摘除天然晶状体。在美国，每个镜片的批发成本可能在1000美元左右。</blockquote></p><p> At a recent $138, Staar shares are richly valued at more than 20 times projected 2022 sales and 140 times estimated 2022 earnings. But the market opportunity is enormous: Some five billion people worldwide could have myopia by 2050.</p><p><blockquote>Staar 股价最近为 138 美元，估值很高，是 2022 年预计销售额的 20 多倍，是 2022 年预计收益的 140 倍。但市场机会是巨大的：到2050年，全球约有50亿人可能患有近视。</blockquote></p><p> Stitch Fix(SFIX) has developed a subscription service for clothing, shoes, and other accessories and boasts over four million customers.</p><p><blockquote>Stitch Fix（SFIX）开发了服装、鞋子和其他配饰的订阅服务，拥有超过400万客户。</blockquote></p><p> “This could be the Nordstrom of the future,” says Mario Cibelli, chief investment officer at Marathon Partners Equity Management, a Stitch Fix holder. “This a potentially huge market and nobody is addressing it in the same way.” Using a staff of 6,000 personal stylists and lots of data, Stitch Fix seeks to identify subscriber tastes to generate high satisfaction and limit returns on packages sent at intervals and determined by subscribers.</p><p><blockquote>“Stitch Fix 持有者 Marathon Partners Equity Management 的首席投资官 Mario Cibelli 说：”这可能是未来的 Nordstrom。“这是一个潜在的巨大市场，没有人以同样的方式解决这个问题”。Stitch Fix利用6,000名私人造型师和大量数据，试图识别订户的口味，以产生高满意度，并限制定期发送并由订户决定的包裹的回报。</blockquote></p><p> Its shares, around $44, are down 60% from their level earlier in the year, on investors’ worries about potential churn and the business’s ultimate profitability.</p><p><blockquote>由于投资者担心潜在的流失和公司的最终盈利能力，该公司的股价约为 44 美元，比年初的水平下跌了 60%。</blockquote></p><p> Yet Cibelli sees revenue growth of 20%-plus annually, opportunities outside its current U.S. and U.K. markets, and a potentially very profitable business in two to three years.</p><p><blockquote>然而，Cibelli 预计收入每年将增长 20% 以上，在当前美国和英国市场之外还有机会，并且在两到三年内将成为一项潜在的非常有利可图的业务。</blockquote></p><p> Trex(TREX) is the top producer of a high-end wood alternative for decks that comes from 95% recycled material, making it an eco-friendly housing play. The shares, at $105, trade for 43 times projected 2022 earnings.</p><p><blockquote>Trex（TREX）是高端木质甲板替代品的顶级生产商，该甲板由95%的回收材料制成，是一种环保的住宅。该股股价为 105 美元，是 2022 年预期市盈率的 43 倍。</blockquote></p><p> T. Rowe Price’s Spencer views Trex as worth the price, based on his view that it can generate sustainable annual revenue growth of 15% to 20%. Earnings are expected to climb by about 20% in 2022 and at a similar pace in the following years. “If you roll the clock forward three years, it doesn’t look as expensive,” he says.</p><p><blockquote>T. Rowe Price 的 Spencer 认为 Trex 物有所值，因为他认为 Trex 可以实现 15% 至 20% 的可持续年收入增长。预计 2022 年盈利将增长约 20%，并在随后几年以类似的速度增长。“他说：”如果把时钟拨快三年，看起来就不会那么贵了。</blockquote></p><p> Upwork(UPWK), an online marketplace for freelance workers, is favored by Baillie Gifford’s Brodie, who says it offers a play on the greater acceptance of freelancers by businesses.</p><p><blockquote>Upwork（UPWK）是一个面向自由职业者的在线市场，受到了 Baillie Gifford 的 Brodie 的青睐，他说它能提高企业对自由职业者的接受度。</blockquote></p><p> The shares, recently around $44, aren’t cheap. Upwork is valued at $5.7 billion, or more than 10 times this year’s projected sales of nearly $500 million. It operates at a slight loss.</p><p><blockquote>最近股价在 44 美元左右，并不便宜。Upwork 的估值为 57 亿美元，是今年近 5 亿美元预计销售额的 10 倍多。它的运营略有亏损。</blockquote></p><p> The investment case is about rapid sales growth leading to ample earnings. Sales are expected to rise by 30%-plus this year and 25% for 2022.</p><p><blockquote>投资案例是关于销售快速增长带来丰厚收益。预计今年销售额将增长 30% 以上，2022 年将增长 25%。</blockquote></p><p> “Freelancers are more accepted by small to midsize business, but they’ve been frowned on by the HR departments at large businesses,” Brodie says. Upwork aims to change that perception by vetting its freelancers and by offering thousands of skill sets. “Upwork could become a trusted partner for an increasing number of enterprise-grade partners,” he says.</p><p><blockquote>“布罗迪说：”中小型企业更容易接受自由职业者，但大型企业的人力资源部门却对自由职业者嗤之以鼻。Upwork旨在通过审查其自由职业者和提供数千套技能来改变这种看法。“他说：”Upwork 可以成为越来越多企业级合作伙伴值得信赖的合作伙伴。</blockquote></p><p></p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>These 10 Standout Stocks Could Be the Next Amazon<blockquote>这 10 只杰出股票可能成为下一个亚马逊</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\">\nThese 10 Standout Stocks Could Be the Next Amazon<blockquote>这 10 只杰出股票可能成为下一个亚马逊</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-08-15 11:22</span>\n</p>\n</h4>\n</header>\n<article>\n<p>One of the most popular buzzwords in investing today is “compounders.” Growth-oriented investors looking for the next Amazon.com, Costco Wholesale, Nike, or Visa seek to identify companies capable of generating double-digit compound growth in revenue and earnings—preferably both—for years to come.</p><p><blockquote>当今投资中最流行的流行语之一是 “复利者 ”。寻找下一个亚马逊、Costco Wholesale、Nike 或 Visa 的成长型投资者寻求确定能够在未来几年实现收入和盈利两位数复合增长的公司（最好是两者兼而有之）。</blockquote></p><p> The idea is that stock prices should compound in line with revenue and profits, enabling investors to generate high returns over a holding period of five to 10 years. The ultimate goal is to find the elusive “10 bagger”—a stock&nbsp;that returns 10 times what you paid for it.</p><p><blockquote>这个想法是，股票价格应该与收入和利润保持一致，使投资者能够在5到10年的持有期内产生高回报。最终目标是找到难以捉摸的 “10 bagger”--回报率是你购买价格 10 倍的股票。</blockquote></p><p> Wall Street analyst notes and client letters from investment pros are replete with compounder references. Many of the next generation of value managers, identified&nbsp;in a&nbsp;<i>Barron’s</i>&nbsp;cover story in May, are seeking such shares, rather than the traditional value fare of cheap stocks.</p><p><blockquote>华尔街分析师的笔记和投资专业人士的客户信中充满了复合器的参考资料。许多下一代价值经理，在<i>巴伦</i>五月份的封面故事，正在寻求此类股票，而不是廉价股票的传统价值。</blockquote></p><p> Their search has become more challenging, because buyers are paying lofty prices for high-growth stories. Really big winners are scarce. Only about 35 companies in each of a long series of 10-year periods have compounded their stock prices at 20% or more annually, resulting in at least a sixfold increase, according to Durable Capital Partners.</p><p><blockquote>他们的搜索变得更具挑战性，因为买家正在为高增长的故事支付高价。真正的大赢家很少。根据 Durable Capital Partners 的数据，在 10 年的漫长系列中，只有大约 35 家公司的股价每年复合上涨 20% 或更多，导致至少增长了六倍。</blockquote></p><p> Many investors are happy to stick with large, well-known compounders, such as&nbsp;Alphabet(ticker: GOOGL),Mastercard(MA),UnitedHealth Group(UNH), and&nbsp;Eli Lilly(LLY).</p><p><blockquote>许多投资者很乐意坚持使用大型知名复合商，例如Alphabet（股票代码：GOOGL）、万事达卡（MA）、联合健康集团（UNH）和礼来公司（LLY）。</blockquote></p><p> <i>Barron’s</i>&nbsp;sought to identify smaller candidates. We talked to investment managers and came up with an eclectic list of 10 stocks, most with market values under $10 billion. Here are the selections, in alphabetical order:</p><p><blockquote><i>巴伦</i>试图确定较小的候选人。我们与投资经理进行了交谈，列出了一份包含 10 只股票的兼收并蓄的名单，其中大多数市值低于 100 亿美元。以下是按字母顺序排列的选择：</blockquote></p><p> Strong and Steady Wins the RaceHere are 10 stocks that growth investors have identified as being able to generate consistently high growth in revenues or profits for many years.</p><p><blockquote>强劲而稳定的胜利 以下是成长型投资者认为能够多年来持续实现收入或利润高增长的 10 只股票。</blockquote></p><p> <table>  <thead>   <tr>    <th>Company / Ticker</th>    <th>Recent Price</th>    <th>YTD Change</th>    <th>2021E P/E</th>    <th>2021E Price/Sales</th>    <th>2022E P/E</th>    <th>2022E Price/Sales</th>    <th>LT Growth Rate*</th>    <th>Market Value (bil)</th>    <th>Comment</th>   </tr>  </thead>  <tbody>   <tr>    <td>Amedysis / AMED</td>    <td>$185.15</td>    <td>-37%</td>    <td>30.2</td>    <td>2.7</td>    <td>27.7</td>    <td>2.4</td>    <td>10.5%</td>    <td>$6.3</td>    <td>Leader in home health care</td>   </tr>   <tr>    <td>Amyris / AMRS</td>    <td>13.64</td>    <td>121</td>    <td>NM</td>    <td>10.4</td>    <td>NM</td>    <td>9.7</td>    <td>NA</td>    <td>4.1</td>    <td>Leading company in synthetic biology</td>   </tr>   <tr>    <td>Booz Allen Hamilton Holding / BAH</td>    <td>81.73</td>    <td>-6</td>    <td>19.4</td>    <td>1.3</td>    <td>17.7</td>    <td>1.2</td>    <td>8.6</td>    <td>11.0</td>    <td>Defense-department consultant</td>   </tr>   <tr>    <td>J.B. Hunt Transport Services / JBHT</td>    <td>172.76</td>    <td>26</td>    <td>25.8</td>    <td>1.5</td>    <td>22.2</td>    <td>1.4</td>    <td>18.4</td>    <td>18.2</td>    <td>Strong in intermodal freight</td>   </tr>   <tr>    <td>Marriott Vacations Worldwide / VAC</td>    <td>147.15</td>    <td>7</td>    <td>40.9</td>    <td>1.6</td>    <td>15.7</td>    <td>1.4</td>    <td>NA</td>    <td>6.3</td>    <td>Top company in vacation timeshares</td>   </tr>   <tr>    <td>SiteOne Landscape Supply / SITE</td>    <td>197.10</td>    <td>24</td>    <td>45.7</td>    <td>2.6</td>    <td>43.5</td>    <td>2.5</td>    <td>19.3</td>    <td>8.8</td>    <td>Big supplier of landscaping supplies</td>   </tr>   <tr>    <td>Staar Surgical / STAA</td>    <td>138.19</td>    <td>74</td>    <td>192.3</td>    <td>28.6</td>    <td>140.8</td>    <td>22.5</td>    <td>30.0</td>    <td>6.6</td>    <td>Maker of implantable lens for myopia</td>   </tr>   <tr>    <td>Stitch Fix / SFIX</td>    <td>44.38</td>    <td>-24</td>    <td>NM</td>    <td>1.9</td>    <td>1890.3</td>    <td>1.7</td>    <td>30.0</td>    <td>4.8</td>    <td>Data-driven subscription clothing firm</td>   </tr>   <tr>    <td>Trex / TREX</td>    <td>105.94</td>    <td>27</td>    <td>51.9</td>    <td>10.5</td>    <td>43.6</td>    <td>9.3</td>    <td>18.8</td>    <td>12.2</td>    <td>Top maker of synthetic wood decking</td>   </tr>   <tr>    <td>Upwork / UPWK</td>    <td>44.31</td>    <td>28</td>    <td>NM</td>    <td>11.4</td>    <td>556.8</td>    <td>9.2</td>    <td>NA</td>    <td>5.7</td>    <td>Online clearinghouse for free-lancers</td>   </tr>  </tbody> </table> E=Estimate. BAH estimates are for fiscal years ending March 2022 and March 23. SFIX estimates are for fiscal years ending July 2022 and July 2023. NM=Not Meaningful. NA=Not Available. *The annual EPS growth the company can sustain over the next 3-5 years.</p><p><blockquote><table><thead><tr><th>公司/股票代码</th><th>近期价格</th><th>年初至今变化</th><th>2021年市盈率</th><th>2021年价格/销售额</th><th>2022年市盈率</th><th>2022年价格/销售额</th><th>LT增长率*</th><th>市值（bil）</th><th>评论</th></tr></thead><tbody><tr><td>阿梅迪西斯/阿梅德</td><td>$185.15</td><td>-37%</td><td>30.2</td><td>2.7</td><td>27.7</td><td>2.4</td><td>10.5%</td><td>$6.3</td><td>家庭医疗保健领域的领导者</td></tr><tr><td>阿米里斯/AMRS</td><td>13.64</td><td>121</td><td>纳米</td><td>10.4</td><td>纳米</td><td>9.7</td><td>纳</td><td>4.1</td><td>合成生物学领先公司</td></tr><tr><td>博思艾伦汉密尔顿控股 / BAH</td><td>81.73</td><td>-6</td><td>19.4</td><td>1.3</td><td>17.7</td><td>1.2</td><td>8.6</td><td>11.0</td><td>国防部顾问</td></tr><tr><td>J.B亨特运输服务 / JBHT</td><td>172.76</td><td>26</td><td>25.8</td><td>1.5</td><td>22.2</td><td>1.4</td><td>18.4</td><td>18.2</td><td>擅长多式联运</td></tr><tr><td>万豪度假全球/VAC</td><td>147.15</td><td>7</td><td>40.9</td><td>1.6</td><td>15.7</td><td>1.4</td><td>纳</td><td>6.3</td><td>度假分时度假领域的顶级公司</td></tr><tr><td>SiteOne景观供应/场地</td><td>197.10</td><td>24</td><td>45.7</td><td>2.6</td><td>43.5</td><td>2.5</td><td>19.3</td><td>8.8</td><td>大型园林绿化用品供应商</td></tr><tr><td>外科凝视/凝视</td><td>138.19</td><td>74</td><td>192.3</td><td>28.6</td><td>140.8</td><td>22.5</td><td>30.0</td><td>6.6</td><td>近视植入式镜片制造商</td></tr><tr><td>缝合固定/固定</td><td>44.38</td><td>-24</td><td>纳米</td><td>1.9</td><td>1890.3</td><td>1.7</td><td>30.0</td><td>4.8</td><td>数据驱动订阅服装公司</td></tr><tr><td>Trex / Trex</td><td>105.94</td><td>27</td><td>51.9</td><td>10.5</td><td>43.6</td><td>9.3</td><td>18.8</td><td>12.2</td><td>合成木地板的顶级制造商</td></tr><tr><td>Upwork / UPWK</td><td>44.31</td><td>28</td><td>纳米</td><td>11.4</td><td>556.8</td><td>9.2</td><td>纳</td><td>5.7</td><td>自由职业者在线信息交换所</td></tr></tbody></table>E=估计值。BAH的估计是针对截至2022年3月和3月23日的财年。SFIX 的估计适用于截至 2022 年 7 月和 2023 年 7 月的财年。NM=无意义。NA=不可用。*公司未来3-5年可维持的每年每股收益增长。</blockquote></p><p> Source: FactSet</p><p><blockquote>来源：FactSet</blockquote></p><p> Amedisys(AMED), a provider of home healthcare and hospice services, has a national footprint in a still-fragmented business.</p><p><blockquote>Amedisys (AMED) 是一家家庭医疗保健和临终关怀服务提供商，业务仍然分散，业务遍及全国。</blockquote></p><p></p><p> “There is going to be massive consolidation of the industry” predicts Dan Cole, a manager of the Columbia Small-Cap Growth fund. “Healthcare is moving to the home.”</p><p><blockquote>“哥伦比亚小盘股成长基金经理丹-科尔预测说：”该行业将进行大规模整合。“医疗保健正在向家庭转移”。</blockquote></p><p> Amedisys stock is up more than tenfold in the past decade. But the shares, around $185, are off nearly 30% after the company recently cut 2021 financial guidance, citing Covid-related staffing and cost issues, mostly in acquired hospice operations. The 2021 earnings estimate is now $6.13 a share, down from nearly $7. The stock trades for 30 times projected 2021 profits. Cole says that the company remains capable of generating 10% annual gains in earnings per share.</p><p><blockquote>Amedisys 股价在过去十年中上涨了十倍以上。但该公司最近以与新冠疫情相关的人员配备和成本问题（主要是收购的临终关怀业务）为由，削减了 2021 年财务指引，股价约为 185 美元，下跌了近 30%。2021 年盈利预期目前为每股 6.13 美元，低于近 7 美元。该股的交易价格是2021年预计利润的30倍。科尔表示，该公司仍然有能力每年实现 10% 的每股收益增长。</blockquote></p><p> Amyris(AMRS) is a leader in synthetic biology. It fans say its opportunity is to supplant, in an eco-friendly way, a range of products now made from petrochemicals, animals, and plants.</p><p><blockquote>Amyris（AMRS）是合成生物学领域的领导者。It 粉丝表示，它的机会是以环保的方式取代目前由石化产品、动物和植物制成的一系列产品。</blockquote></p><p> Using genetically re-engineered yeast and sugar cane, Amyris produces such things as squalane, a high-end moisturizer formerly made from shark livers; vanillin, the flavoring for vanilla; and a no-calorie sweetener normally derived from plants. The stock trades around $13.</p><p><blockquote>使用基因改造的酵母和甘蔗，Amyris生产角鲨烷等物质，角鲨烷是一种以前由鲨鱼肝制成的高端保湿剂；香草醛，香草的调味料；以及通常来源于植物的无热量甜味剂。该股交易价格约为 13 美元。</blockquote></p><p> <i>Barron’s</i>&nbsp;wrote&nbsp;favorably on the company in July. Amyris sees sales reaching $2 billion by 2025, up from an estimated $400 million this year, driven by its consumer brands.</p><p><blockquote><i>巴伦</i>七月份对该公司的评价很高。在消费品牌的推动下，Amyris 预计到 2025 年销售额将达到 20 亿美元，高于今年的 4 亿美元。</blockquote></p><p> “The world needs clean chemistry, and Amyris is the point on the spear to create it,” says Randy Baron, a portfolio manager at Pinnacle Associates, which owns Amyris shares. He thinks they could hit $75 by the end of 2022.</p><p><blockquote>“拥有 Amyris 股票的 Pinnacle Associates 公司的投资组合经理兰迪-巴伦（Randy Baron）说：”世界需要清洁化学，而 Amyris 正是创造清洁化学的关键。他认为到 2022 年底，它们的价格可能会达到 75 美元。</blockquote></p><p> Booz Allen Hamilton Holding(BAH) is an important consultant to the Defense Department and other agencies. The U.S. government accounted for 97% of its revenue in its latest fiscal year. Booz Allen has built robust ties to the government over the years by providing an array of services, like cybersecurity. Its stock trades around $81, for a 1.8% yield.</p><p><blockquote>博思艾伦汉密尔顿控股公司（BAH）是国防部和其他机构的重要顾问。美国政府在最近一个财政年度占其收入的97%。多年来，博思艾伦通过提供网络安全等一系列服务，与政府建立了牢固的联系。其股票交易价格约为 81 美元，收益率为 1.8%。</blockquote></p><p> “It has built a strong, partnership-like culture and has a long record of steady growth,” says Josh Spencer, manager of the T. Rowe Price New Horizons fund. He sees Booz Allen as capable of generating 9% to 10% annual growth in revenue and yearly gains of 15% to 16% in earnings, in line with its historical performance. The stock is off 20% from its peak of $100, amid concerns about more restrained military spending. Spencer sees the pullback as a buying opportunity, with the stock valued at less than 20 times earnings.</p><p><blockquote>“T. Rowe Price New Horizons 基金经理乔希-斯宾塞（Josh Spencer）说：”它已经建立了一种强大的、类似合作伙伴关系的文化，并有着长期的稳定增长记录。他认为博思艾伦有能力实现 9% 至 10% 的年收入增长，每年盈利增长 15% 至 16%，与其历史表现一致。由于担心军费开支受到更多限制，该股较 100 美元的峰值下跌了 20%。斯宾塞将此次回调视为买入机会，该股估值不到市盈率的 20 倍。</blockquote></p><p> J.B. Hunt Transport Services(JBHT) is a leader in intermodal freight, which involves the fuel-efficient movement of trucks over rail lines. It has been one of the most successful trucking companies. Its stock has risen 30-fold over the past 20 years, to a recent $173. “It has an incredible franchise,” says Henry Ellenbogen, chief investment officer at Durable Capital Partners and a member of the&nbsp;Barron’s Roundtable.</p><p><blockquote>J.B亨特运输服务公司（JBHT）是多式联运货运领域的领导者，多式联运货运涉及卡车在铁路线上的节能运输。它是最成功的卡车运输公司之一。过去 20 年里，其股价上涨了 30 倍，最近达到 173 美元。“Durable Capital Partners 首席投资官、《巴伦周刊》圆桌会议成员亨利-埃伦博根（Henry Ellenbogen）说：”它拥有令人难以置信的特许经营权。</blockquote></p><p> J.B. Hunt’s relationship with the Burlington Northern Santa Fe railroad gives it a strong position in intermodal freight, he notes. J.B. Hunt also has a growing business taking over the trucking operations of smaller companies. And it is involved in digital freight brokerage—matching truckers with shipping customers.</p><p><blockquote>J.B他指出，亨特与伯灵顿北圣达菲铁路公司（Burlington Northern Santa Fe railroad）的合作关系使其在多式联运货运领域占据了强大的地位。J.B亨特的业务也在不断增长，接管了小公司的卡车运输业务。它还涉足数字货运经纪业务——将卡车司机与航运客户进行匹配。</blockquote></p><p> Ellenbogen says the stock is reasonable at 22 times estimated 2022 profits, given a mid-teens annual growth outlook for earnings.</p><p><blockquote>Ellenbogen 表示，考虑到 2022 年盈利增长前景，该股 2022 年盈利预期的 22 倍是合理的。</blockquote></p><p> Marriott Vacations Worldwide(VAC) is one of the top companies in the timeshare industry. It has 700,000 owners, a resilient business model with significant revenue from fees, and more exposure than its peers to luxury properties in places including Hawaii and Orlando, Fla.</p><p><blockquote>万豪度假全球（VAC）是分时度假行业的顶级公司之一。它拥有 70 万业主，是一种有弹性的商业模式，拥有可观的费用收入，并且比同行更容易接触到夏威夷和佛罗里达州奥兰多等地的豪华房产。</blockquote></p><p> “It has the best customer base, with the highest spending and an impeccable balance sheet,” says David Baron, a manager of the Baron Focused Growth fund. Marriott Vacations, whose shares recently were trading around $145, should reinstate its dividend later this year, he adds.</p><p><blockquote>“Baron Focused Growth fund 的经理大卫-巴伦（David Baron）说：”它拥有最好的客户群、最高的支出和无可挑剔的资产负债表。他补充说，万豪度假公司的股价最近约为 145 美元，该公司应该会在今年晚些时候恢复股息。</blockquote></p><p> The shares, Baron argues, are cheap at a 11% free-cash-flow yield, based on 2022 estimates. He says that the stock, little changed since 2018, could produce 20% annual returns for shareholders in the coming years.</p><p><blockquote>巴伦认为，根据 2022 年的预测，这些股票的自由现金流收益率为 11%，价格便宜。他表示，该股自 2018 年以来几乎没有变化，未来几年可能会为股东带来 20% 的年回报。</blockquote></p><p> SiteOne Landscape Supply(SITE) is the country’s top supplier of landscaping products, with ample opportunity to expand, given that it has just a 13% market share in a highly fragmented industry.</p><p><blockquote>SiteOne Landscape Supply（SITE）是美国最大的园林绿化产品供应商，鉴于该公司在高度分散的行业中仅占 13% 的市场份额，因此具有充足的扩张机会。</blockquote></p><p> “It’s growing organically and has lots of acquisition opportunities,” says Columbia’s Cole, who considers the company to be capable of 10% to 15% annual revenue growth.</p><p><blockquote>“哥伦比亚大学的科尔说：”它正在有机增长，并有很多收购机会。</blockquote></p><p> The stock, around $197, has a rich valuation, trading for 43 times projected 2022 earnings of $4.54 a share.</p><p><blockquote>该股估值约为 197 美元，估值丰富，是 2022 年预计每股收益 4.54 美元的 43 倍。</blockquote></p><p> Staar Surgical(STAA) has developed an implantable lens to correct myopia (nearsightedness). That addresses a potentially huge market, given the rising global incidence of that vision problem. The company expects the lens, which has been available in Europe and Asia for at least five years, to be on the U.S. market in the fourth quarter, pending Food and Drug Administration approval.</p><p><blockquote>Staar Surgical（STAA）开发了一种可植入晶状体来矫正近视（近视）。鉴于视力问题在全球范围内的发病率不断上升，这解决了一个潜在的巨大市场。该公司预计，该镜头已在欧洲和亚洲上市至少五年，将于第四季度进入美国市场，等待美国食品和药物管理局的批准。</blockquote></p><p></p><p> “It could do substantial volumes,’’ says Doug Brodie, a global manager at Baillie Gifford. “It’s early in a journey and is largely devoid of competition.”</p><p><blockquote>“Baillie Gifford 全球经理道格-布罗迪（Doug Brodie）说：”它可以创造大量的销量。“它还处于起步阶段，基本上没有竞争。</blockquote></p><p> Lenses for both eyes can be implanted in less than an hour, and they don’t involve the removal of the natural lenses. The wholesale cost in the U.S. could be around $1,000 per lens.</p><p><blockquote>双眼晶状体可在不到一小时的时间内植入，而且不需要摘除天然晶状体。在美国，每个镜片的批发成本可能在1000美元左右。</blockquote></p><p> At a recent $138, Staar shares are richly valued at more than 20 times projected 2022 sales and 140 times estimated 2022 earnings. But the market opportunity is enormous: Some five billion people worldwide could have myopia by 2050.</p><p><blockquote>Staar 股价最近为 138 美元，估值很高，是 2022 年预计销售额的 20 多倍，是 2022 年预计收益的 140 倍。但市场机会是巨大的：到2050年，全球约有50亿人可能患有近视。</blockquote></p><p> Stitch Fix(SFIX) has developed a subscription service for clothing, shoes, and other accessories and boasts over four million customers.</p><p><blockquote>Stitch Fix（SFIX）开发了服装、鞋子和其他配饰的订阅服务，拥有超过400万客户。</blockquote></p><p> “This could be the Nordstrom of the future,” says Mario Cibelli, chief investment officer at Marathon Partners Equity Management, a Stitch Fix holder. “This a potentially huge market and nobody is addressing it in the same way.” Using a staff of 6,000 personal stylists and lots of data, Stitch Fix seeks to identify subscriber tastes to generate high satisfaction and limit returns on packages sent at intervals and determined by subscribers.</p><p><blockquote>“Stitch Fix 持有者 Marathon Partners Equity Management 的首席投资官 Mario Cibelli 说：”这可能是未来的 Nordstrom。“这是一个潜在的巨大市场，没有人以同样的方式解决这个问题”。Stitch Fix利用6,000名私人造型师和大量数据，试图识别订户的口味，以产生高满意度，并限制定期发送并由订户决定的包裹的回报。</blockquote></p><p> Its shares, around $44, are down 60% from their level earlier in the year, on investors’ worries about potential churn and the business’s ultimate profitability.</p><p><blockquote>由于投资者担心潜在的流失和公司的最终盈利能力，该公司的股价约为 44 美元，比年初的水平下跌了 60%。</blockquote></p><p> Yet Cibelli sees revenue growth of 20%-plus annually, opportunities outside its current U.S. and U.K. markets, and a potentially very profitable business in two to three years.</p><p><blockquote>然而，Cibelli 预计收入每年将增长 20% 以上，在当前美国和英国市场之外还有机会，并且在两到三年内将成为一项潜在的非常有利可图的业务。</blockquote></p><p> Trex(TREX) is the top producer of a high-end wood alternative for decks that comes from 95% recycled material, making it an eco-friendly housing play. The shares, at $105, trade for 43 times projected 2022 earnings.</p><p><blockquote>Trex（TREX）是高端木质甲板替代品的顶级生产商，该甲板由95%的回收材料制成，是一种环保的住宅。该股股价为 105 美元，是 2022 年预期市盈率的 43 倍。</blockquote></p><p> T. Rowe Price’s Spencer views Trex as worth the price, based on his view that it can generate sustainable annual revenue growth of 15% to 20%. Earnings are expected to climb by about 20% in 2022 and at a similar pace in the following years. “If you roll the clock forward three years, it doesn’t look as expensive,” he says.</p><p><blockquote>T. Rowe Price 的 Spencer 认为 Trex 物有所值，因为他认为 Trex 可以实现 15% 至 20% 的可持续年收入增长。预计 2022 年盈利将增长约 20%，并在随后几年以类似的速度增长。“他说：”如果把时钟拨快三年，看起来就不会那么贵了。</blockquote></p><p> Upwork(UPWK), an online marketplace for freelance workers, is favored by Baillie Gifford’s Brodie, who says it offers a play on the greater acceptance of freelancers by businesses.</p><p><blockquote>Upwork（UPWK）是一个面向自由职业者的在线市场，受到了 Baillie Gifford 的 Brodie 的青睐，他说它能提高企业对自由职业者的接受度。</blockquote></p><p> The shares, recently around $44, aren’t cheap. Upwork is valued at $5.7 billion, or more than 10 times this year’s projected sales of nearly $500 million. It operates at a slight loss.</p><p><blockquote>最近股价在 44 美元左右，并不便宜。Upwork 的估值为 57 亿美元，是今年近 5 亿美元预计销售额的 10 倍多。它的运营略有亏损。</blockquote></p><p> The investment case is about rapid sales growth leading to ample earnings. Sales are expected to rise by 30%-plus this year and 25% for 2022.</p><p><blockquote>投资案例是关于销售快速增长带来丰厚收益。预计今年销售额将增长 30% 以上，2022 年将增长 25%。</blockquote></p><p> “Freelancers are more accepted by small to midsize business, but they’ve been frowned on by the HR departments at large businesses,” Brodie says. Upwork aims to change that perception by vetting its freelancers and by offering thousands of skill sets. “Upwork could become a trusted partner for an increasing number of enterprise-grade partners,” he says.</p><p><blockquote>“布罗迪说：”中小型企业更容易接受自由职业者，但大型企业的人力资源部门却对自由职业者嗤之以鼻。Upwork旨在通过审查其自由职业者和提供数千套技能来改变这种看法。“他说：”Upwork 可以成为越来越多企业级合作伙伴值得信赖的合作伙伴。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/stocks-potential-compounder-growth-51628888840?mod=hp_LEADSUPP_2\">Barrons</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"JBHT":"JB Hunt运输服务","UPWK":"Upwork Inc.","TREX":"Trex Co Inc","AMED":"阿米斯医疗","SITE":"SiteOne Landscape Supply, Inc.","AMRS":"阿米瑞斯","STAA":"STAAR Surgical Company","SFIX":"Stitch Fix Inc.","BAH":"博思艾伦咨询公司","VAC":"万豪度假环球"},"source_url":"https://www.barrons.com/articles/stocks-potential-compounder-growth-51628888840?mod=hp_LEADSUPP_2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1127633167","content_text":"One of the most popular buzzwords in investing today is “compounders.” Growth-oriented investors looking for the next Amazon.com, Costco Wholesale, Nike, or Visa seek to identify companies capable of generating double-digit compound growth in revenue and earnings—preferably both—for years to come.\nThe idea is that stock prices should compound in line with revenue and profits, enabling investors to generate high returns over a holding period of five to 10 years. The ultimate goal is to find the elusive “10 bagger”—a stock that returns 10 times what you paid for it.\nWall Street analyst notes and client letters from investment pros are replete with compounder references. Many of the next generation of value managers, identified in a Barron’s cover story in May, are seeking such shares, rather than the traditional value fare of cheap stocks.\nTheir search has become more challenging, because buyers are paying lofty prices for high-growth stories. Really big winners are scarce. Only about 35 companies in each of a long series of 10-year periods have compounded their stock prices at 20% or more annually, resulting in at least a sixfold increase, according to Durable Capital Partners.\nMany investors are happy to stick with large, well-known compounders, such as Alphabet(ticker: GOOGL),Mastercard(MA),UnitedHealth Group(UNH), and Eli Lilly(LLY).\nBarron’s sought to identify smaller candidates. We talked to investment managers and came up with an eclectic list of 10 stocks, most with market values under $10 billion. Here are the selections, in alphabetical order:\nStrong and Steady Wins the RaceHere are 10 stocks that growth investors have identified as being able to generate consistently high growth in revenues or profits for many years.\n\n\n\nCompany / Ticker\nRecent Price\nYTD Change\n2021E P/E\n2021E Price/Sales\n2022E P/E\n2022E Price/Sales\nLT Growth Rate*\nMarket Value (bil)\nComment\n\n\n\n\nAmedysis / AMED\n$185.15\n-37%\n30.2\n2.7\n27.7\n2.4\n10.5%\n$6.3\nLeader in home health care\n\n\nAmyris / AMRS\n13.64\n121\nNM\n10.4\nNM\n9.7\nNA\n4.1\nLeading company in synthetic biology\n\n\nBooz Allen Hamilton Holding / BAH\n81.73\n-6\n19.4\n1.3\n17.7\n1.2\n8.6\n11.0\nDefense-department consultant\n\n\nJ.B. Hunt Transport Services / JBHT\n172.76\n26\n25.8\n1.5\n22.2\n1.4\n18.4\n18.2\nStrong in intermodal freight\n\n\nMarriott Vacations Worldwide / VAC\n147.15\n7\n40.9\n1.6\n15.7\n1.4\nNA\n6.3\nTop company in vacation timeshares\n\n\nSiteOne Landscape Supply / SITE\n197.10\n24\n45.7\n2.6\n43.5\n2.5\n19.3\n8.8\nBig supplier of landscaping supplies\n\n\nStaar Surgical / STAA\n138.19\n74\n192.3\n28.6\n140.8\n22.5\n30.0\n6.6\nMaker of implantable lens for myopia\n\n\nStitch Fix / SFIX\n44.38\n-24\nNM\n1.9\n1890.3\n1.7\n30.0\n4.8\nData-driven subscription clothing firm\n\n\nTrex / TREX\n105.94\n27\n51.9\n10.5\n43.6\n9.3\n18.8\n12.2\nTop maker of synthetic wood decking\n\n\nUpwork / UPWK\n44.31\n28\nNM\n11.4\n556.8\n9.2\nNA\n5.7\nOnline clearinghouse for free-lancers\n\n\n\nE=Estimate. BAH estimates are for fiscal years ending March 2022 and March 23. SFIX estimates are for fiscal years ending July 2022 and July 2023. NM=Not Meaningful. NA=Not Available. *The annual EPS growth the company can sustain over the next 3-5 years.\nSource: FactSet\nAmedisys(AMED), a provider of home healthcare and hospice services, has a national footprint in a still-fragmented business.\n“There is going to be massive consolidation of the industry” predicts Dan Cole, a manager of the Columbia Small-Cap Growth fund. “Healthcare is moving to the home.”\nAmedisys stock is up more than tenfold in the past decade. But the shares, around $185, are off nearly 30% after the company recently cut 2021 financial guidance, citing Covid-related staffing and cost issues, mostly in acquired hospice operations. The 2021 earnings estimate is now $6.13 a share, down from nearly $7. The stock trades for 30 times projected 2021 profits. Cole says that the company remains capable of generating 10% annual gains in earnings per share.\nAmyris(AMRS) is a leader in synthetic biology. It fans say its opportunity is to supplant, in an eco-friendly way, a range of products now made from petrochemicals, animals, and plants.\nUsing genetically re-engineered yeast and sugar cane, Amyris produces such things as squalane, a high-end moisturizer formerly made from shark livers; vanillin, the flavoring for vanilla; and a no-calorie sweetener normally derived from plants. The stock trades around $13.\nBarron’s wrote favorably on the company in July. Amyris sees sales reaching $2 billion by 2025, up from an estimated $400 million this year, driven by its consumer brands.\n“The world needs clean chemistry, and Amyris is the point on the spear to create it,” says Randy Baron, a portfolio manager at Pinnacle Associates, which owns Amyris shares. He thinks they could hit $75 by the end of 2022.\nBooz Allen Hamilton Holding(BAH) is an important consultant to the Defense Department and other agencies. The U.S. government accounted for 97% of its revenue in its latest fiscal year. Booz Allen has built robust ties to the government over the years by providing an array of services, like cybersecurity. Its stock trades around $81, for a 1.8% yield.\n“It has built a strong, partnership-like culture and has a long record of steady growth,” says Josh Spencer, manager of the T. Rowe Price New Horizons fund. He sees Booz Allen as capable of generating 9% to 10% annual growth in revenue and yearly gains of 15% to 16% in earnings, in line with its historical performance. The stock is off 20% from its peak of $100, amid concerns about more restrained military spending. Spencer sees the pullback as a buying opportunity, with the stock valued at less than 20 times earnings.\nJ.B. Hunt Transport Services(JBHT) is a leader in intermodal freight, which involves the fuel-efficient movement of trucks over rail lines. It has been one of the most successful trucking companies. Its stock has risen 30-fold over the past 20 years, to a recent $173. “It has an incredible franchise,” says Henry Ellenbogen, chief investment officer at Durable Capital Partners and a member of the Barron’s Roundtable.\nJ.B. Hunt’s relationship with the Burlington Northern Santa Fe railroad gives it a strong position in intermodal freight, he notes. J.B. Hunt also has a growing business taking over the trucking operations of smaller companies. And it is involved in digital freight brokerage—matching truckers with shipping customers.\nEllenbogen says the stock is reasonable at 22 times estimated 2022 profits, given a mid-teens annual growth outlook for earnings.\nMarriott Vacations Worldwide(VAC) is one of the top companies in the timeshare industry. It has 700,000 owners, a resilient business model with significant revenue from fees, and more exposure than its peers to luxury properties in places including Hawaii and Orlando, Fla.\n“It has the best customer base, with the highest spending and an impeccable balance sheet,” says David Baron, a manager of the Baron Focused Growth fund. Marriott Vacations, whose shares recently were trading around $145, should reinstate its dividend later this year, he adds.\nThe shares, Baron argues, are cheap at a 11% free-cash-flow yield, based on 2022 estimates. He says that the stock, little changed since 2018, could produce 20% annual returns for shareholders in the coming years.\nSiteOne Landscape Supply(SITE) is the country’s top supplier of landscaping products, with ample opportunity to expand, given that it has just a 13% market share in a highly fragmented industry.\n\n“It’s growing organically and has lots of acquisition opportunities,” says Columbia’s Cole, who considers the company to be capable of 10% to 15% annual revenue growth.\nThe stock, around $197, has a rich valuation, trading for 43 times projected 2022 earnings of $4.54 a share.\nStaar Surgical(STAA) has developed an implantable lens to correct myopia (nearsightedness). That addresses a potentially huge market, given the rising global incidence of that vision problem. The company expects the lens, which has been available in Europe and Asia for at least five years, to be on the U.S. market in the fourth quarter, pending Food and Drug Administration approval.\n“It could do substantial volumes,’’ says Doug Brodie, a global manager at Baillie Gifford. “It’s early in a journey and is largely devoid of competition.”\nLenses for both eyes can be implanted in less than an hour, and they don’t involve the removal of the natural lenses. The wholesale cost in the U.S. could be around $1,000 per lens.\nAt a recent $138, Staar shares are richly valued at more than 20 times projected 2022 sales and 140 times estimated 2022 earnings. But the market opportunity is enormous: Some five billion people worldwide could have myopia by 2050.\nStitch Fix(SFIX) has developed a subscription service for clothing, shoes, and other accessories and boasts over four million customers.\n“This could be the Nordstrom of the future,” says Mario Cibelli, chief investment officer at Marathon Partners Equity Management, a Stitch Fix holder. “This a potentially huge market and nobody is addressing it in the same way.” Using a staff of 6,000 personal stylists and lots of data, Stitch Fix seeks to identify subscriber tastes to generate high satisfaction and limit returns on packages sent at intervals and determined by subscribers.\nIts shares, around $44, are down 60% from their level earlier in the year, on investors’ worries about potential churn and the business’s ultimate profitability.\nYet Cibelli sees revenue growth of 20%-plus annually, opportunities outside its current U.S. and U.K. markets, and a potentially very profitable business in two to three years.\nTrex(TREX) is the top producer of a high-end wood alternative for decks that comes from 95% recycled material, making it an eco-friendly housing play. The shares, at $105, trade for 43 times projected 2022 earnings.\nT. Rowe Price’s Spencer views Trex as worth the price, based on his view that it can generate sustainable annual revenue growth of 15% to 20%. Earnings are expected to climb by about 20% in 2022 and at a similar pace in the following years. “If you roll the clock forward three years, it doesn’t look as expensive,” he says.\nUpwork(UPWK), an online marketplace for freelance workers, is favored by Baillie Gifford’s Brodie, who says it offers a play on the greater acceptance of freelancers by businesses.\nThe shares, recently around $44, aren’t cheap. Upwork is valued at $5.7 billion, or more than 10 times this year’s projected sales of nearly $500 million. It operates at a slight loss.\nThe investment case is about rapid sales growth leading to ample earnings. Sales are expected to rise by 30%-plus this year and 25% for 2022.\n“Freelancers are more accepted by small to midsize business, but they’ve been frowned on by the HR departments at large businesses,” Brodie says. Upwork aims to change that perception by vetting its freelancers and by offering thousands of skill sets. “Upwork could become a trusted partner for an increasing number of enterprise-grade partners,” he says.","news_type":1,"symbols_score_info":{"VAC":0.9,"STAA":0.9,"UPWK":0.9,"AMED":0.9,"TREX":0.9,"JBHT":0.9,"SFIX":0.9,"BAH":0.9,"SITE":0.9,"AMRS":0.9}},"isVote":1,"tweetType":1,"viewCount":2893,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":897855017,"gmtCreate":1628907561539,"gmtModify":1631889822628,"author":{"id":"3576420733683738","authorId":"3576420733683738","name":"markkk","avatar":"https://static.tigerbbs.com/df42d8e8fb0e4c7a09fcf6592b170a1e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576420733683738","authorIdStr":"3576420733683738"},"themes":[],"title":"","htmlText":"n","listText":"n","text":"n","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/897855017","repostId":"1173847412","repostType":4,"repost":{"id":"1173847412","kind":"news","pubTimestamp":1628905097,"share":"https://www.laohunote.com/m/news/1173847412?lang=zh_CN&edition=full","pubTime":"2021-08-14 09:38","market":"us","language":"en","title":"If you’re nervous about the stock market at record highs, consider these five companies that are loved by the smart money<blockquote>如果您对股市创下历史新高感到紧张，请考虑这五家深受精明资金喜爱的公司</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1173847412","media":"MarketWatch","summary":"Company insiders and professional investors are buying shares of Alibaba, Chegg and Activision Blizzard, among others. The stock market is near all-time highs, but train-wreck season lies just around the corner.I say hold on, and indeed consider any of the five companies below because they are “smart money” favorites. But first, big picture, here are three reasons to stay the course.The smart money signal: Director Peter Nolan just bought $2 million worth at $80-$82.28 a share. He’s a good insid","content":"<p>Company insiders and professional investors are buying shares of Alibaba, Chegg and Activision Blizzard, among others</p><p><blockquote>公司内部人士和专业投资者正在购买阿里巴巴-SW、切格和动视暴雪等公司的股票</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a750143fbfb2e7d732bb3dcc80114d61\" tg-width=\"700\" tg-height=\"393\" referrerpolicy=\"no-referrer\"><span>(Photo by Chung Sung-Jun/Getty Images)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（摄影：Chung Sung-Jun/Getty Images）</span></p></blockquote></p><p> The stock market is near all-time highs, but train-wreck season lies just around the corner.</p><p><blockquote>股市接近历史高点，但火车失事季节即将来临。</blockquote></p><p> Should you sell? After all, the S&amp;P 500,Nasdaq&nbsp;and Dow Jones Industrial Average&nbsp;often hit a rough patch in September and October.</p><p><blockquote>你应该卖吗？毕竟，标准普尔 500 指数、纳斯达克指数和道琼斯工业平均指数经常在 9 月和 10 月遭遇艰难时期。</blockquote></p><p> I say hold on, and indeed consider any of the five companies below because they are “smart money” favorites. But first, big picture, here are three reasons to stay the course.</p><p><blockquote>我说坚持住，确实可以考虑以下五家公司中的任何一家，因为它们都是 “聪明资金 ”的最爱。但首先，从大局来看，这里有三个坚持下去的理由。</blockquote></p><p> 1. There’s no guarantee that the seasonal weakness will repeat. Besides, the ability to time market turns is tough.</p><p><blockquote>1. 不能保证季节性疲软会重演。此外，把握市场转折的能力很难。</blockquote></p><p> 2. Fears about the delta variant of Covid are overblown. More people are getting vaccinated, and most of them won’t suffer severe symptoms if infected, say market strategists at T. Rowe Price.</p><p><blockquote>2. 对新冠病毒德尔塔变异毒株的担忧被夸大了。T. Rowe Price 的市场策略师说，越来越多的人接种了疫苗，他们中的大多数人如果被感染也不会出现严重症状。</blockquote></p><p> 3. There’s a lot of embedded demand in the economy and it will sustain growth, says Leuthold Group strategist Jim Paulsen.</p><p><blockquote>3. Leuthold 集团策略师吉姆-保尔森（Jim Paulsen）说，经济中有很多内在需求，它将持续增长。</blockquote></p><p> On the consumer front (most of the economy): Personal savings at a record high, durable goods purchases are near a 50-year low, and new household formation is at a record high. People buy stuff to fill new homes. Next, the economy has plenty of room to grow given the elevated jobless rate and big excess lending capacity at banks.</p><p><blockquote>在消费方面（经济的大部分）：个人储蓄创历史新高，耐用品购买量接近50年来的最低点，新家庭形成量创历史新高。人们买东西来填满新家。其次，鉴于失业率上升和银行大量过剩贷款能力，经济有很大的增长空间。</blockquote></p><p> <b>Five smart money stocks</b></p><p><blockquote><b>五只聪明的理财股票</b></blockquote></p><p> At my stock letter Brush Up on Stocks, I favor stocks that corporate insiders like. But not just&nbsp;<i>any</i>&nbsp;insiders. I go for stocks picked up by insiders with&nbsp;<i>great</i>&nbsp;records. Here are two, trading near where insiders just bought.</p><p><blockquote>在我的股票信中，我喜欢企业内部人士喜欢的股票。但不仅仅是<i>任何</i>内部人员。我喜欢内部人士买入的股票<i>伟大的</i>记录。这里有两个，在内部人士刚刚买入的地方附近交易。</blockquote></p><p> <b>Activision Blizzard</b></p><p><blockquote><b>动视暴雪</b></blockquote></p><p> This is the company behind the most popular and addictive online games — like Call of Duty, World of Warcraft, Diablo, Overwatch and Candy Crush.<b>Activision Blizzard</b>&nbsp;makes money via game sales and subscriptions, by selling in-game content and ads. It has around 408 million regular users.</p><p><blockquote>这是最受欢迎和令人上瘾的网络游戏背后的公司——如《使命召唤的看涨期权》、《魔兽世界》、《暗黑破坏神》、《守望先锋》和《糖果粉碎》。<b>动视暴雪</b>通过游戏销售和订阅、销售游戏内内容和广告来赚钱。它拥有大约4.08亿普通用户。</blockquote></p><p> Besides winning over new fans, the company regularly launches new games and expands existing franchises — most recently with World of Warcraft: The Burning Crusade, in June. This addition marks “the start of what is intended to be a very significant 18-month period for content releases,” says the company. Sales grew 19% to $2.30 billion in the second quarter, and operating margins are rich at 42%.</p><p><blockquote>除了赢得新粉丝，该公司还定期推出新游戏并扩展现有的特许经营权——最近一次是在6月份推出的《魔兽世界：燃烧的十字军东征》。该公司表示，这一新增标志着 “为期 18 个月的内容发布期的开始”。第二季度销售额增长 19%，达到 23 亿美元，营业利润率高达 42%。</blockquote></p><p> One risk is that fallout from allegations of sexual misconduct and&nbsp;a related lawsuit by the California Department of Fair Employment and Housing will “make it difficult for the firm to attract and retain top talent in a very competitive industry,” says&nbsp;Morningstar analyst Neil Macker.</p><p><blockquote>晨星公司（Morningstar）分析师尼尔-麦克（Neil Macker）说，一个风险是，性行为不端指控以及加州公平就业和住房部提起的相关诉讼将 “使该公司难以在竞争激烈的行业中吸引和留住顶尖人才”。</blockquote></p><p> <b>The smart money signal</b>: Director Peter Nolan just bought $2 million worth at $80-$82.28 a share. He’s a good insider to follow because he bought $4.3 million in March 2019 at $43 and the stock is now almost a double. Also, in my system of insider analysis, repeat buying on strength (as opposed to profit taking) is bullish. He also bought at $3.70 back in 2004.</p><p><blockquote><b>聪明理财信号</b>导演彼得·诺兰刚刚以每股 80-82.28 美元的价格购买了价值 200 万美元的股票。他是一个值得关注的内部人士，因为他在 2019 年 3 月以 43 美元的价格买入了 430 万美元，现在股价几乎翻了一番。此外，在我的内部分析系统中，重复强势买入（而不是获利了结）是看涨的。他还在2004年以3.70美元的价格买入。</blockquote></p><p> <b>B. Riley Financial</b></p><p><blockquote><b>B. 莱利金融</b></blockquote></p><p> I introduced this name in my stock letter in March 2018 at $20 and reiterated it over a dozen times into strength after that. It now trades for over $65. Despite the hefty gains, I think&nbsp;<b>B. Riley Financia</b>&nbsp;is still a hold, and a buy for anyone who does not own.</p><p><blockquote>我在2018年3月以20美元的价格在我的股票信中介绍了这个名字，并在那之后重申了十几次。它现在的交易价格超过65美元。尽管收益巨大，但我认为<b>B. 莱利金融</b>仍然是持有，对于任何不拥有它的人来说都是买入。</blockquote></p><p> This is a Los Angeles-based investment bank that also manages money and does stock research. It specializes in small- and mid-cap stocks. B. Riley Financial is a good proxy for the overall market and the U.S. economy, given its banking and market-related businesses. This will be a plus, as economic growth holds up. It also continues to expand via acquisitions.&nbsp;Revenue grew 26% in the second quarter to $336.8 million, in part because of an acquisition. It pays a 2.9% dividend yield.</p><p><blockquote>这是一家总部位于洛杉矶的投资银行，也管理资金和进行股票研究。它专注于中小盘股。B. Riley Financial 凭借其银行和市场相关业务，是整体市场和美国经济的良好代表。随着经济增长保持稳定，这将是一个优势。它还通过收购继续扩张。第二季度收入增长 26%，达到 3.368 亿美元，部分原因是收购。它支付2.9%的股息收益率。</blockquote></p><p> <b>The smart money signal</b>: CEO Bryant Riley purchased $3.4 million worth of stock at $63 to $68 in early June and August. He has a long record of buying over $22 million worth of stock in the $8 to $48 range since 2014, including $6.6 million in purchases near the start of this year at $46 to $48.71 (already up over 40%).</p><p><blockquote><b>聪明理财信号</b>: 首席执行官布莱恩特·莱利 (Bryant Riley) 在 6 月初和 8 月初以 63 至 68 美元的价格购买了价值 340 万美元的股票。自2014年以来，他在8美元至48美元范围内购买了价值超过2200万美元的股票，包括今年年初以46美元至48.71美元的价格购买了660万美元（已经上涨了40%以上）。</blockquote></p><p> <b>Alibaba Group</b></p><p><blockquote><b>阿里巴巴-SW集团</b></blockquote></p><p> If you like to buy quality companies whose stocks are beaten down by a host of problems, then Chinese consumer platform&nbsp;<b>Alibaba Group</b>&nbsp;may be for you.</p><p><blockquote>如果你喜欢购买股票因一系列问题而遭受重创的优质公司，那么中国消费者平台<b>阿里巴巴-SW集团</b>可能是给你的。</blockquote></p><p> Its shares are down 40% since October because of rising U.S.-China tensions, some weakness in its core consumer business, the possible loss of tax breaks in China, and allegations of sexual assault inside the company.</p><p><blockquote>由于中美紧张局势加剧、核心消费业务疲软、中国可能失去税收减免以及公司内部性侵犯指控，该公司股价自 10 月份以来已下跌 40%。</blockquote></p><p></p><p> These are serious issues, but this is also a company with serious potential. Over one billion consumers use its marketplaces, including 891 million in China and 240 million abroad. Organic sales growth is 32%. It’s in the early stages of rolling out its AliCloud cloud computing business, which could be the next big growth driver.</p><p><blockquote>这些都是严重的问题，但这也是一家具有巨大潜力的公司。超过10亿消费者使用其市场，其中8.91亿在中国，2.4亿在国外。有机销售额增长32%。该公司正处于推出 AliCloud 云计算业务的早期阶段，这可能是下一个重要的增长动力。</blockquote></p><p> <b>The smart money signal</b>: This company is singled out by Albert Meyer of Bastiat Capital, which has posted 22% annualized growth over the past five years compared to 17.7% for the S&amp;P 500.</p><p><blockquote><b>聪明理财信号</b>Bastiat Capital 的 Albert Meyer 特别指出了这家公司，该公司在过去五年中的年化增长率为 22%，而标普500的年化增长率为 17.7%。</blockquote></p><p> <b>An attractive spinoff</b></p><p><blockquote><b>有吸引力的衍生产品</b></blockquote></p><p> One tactic that works fairly consistently in investing is buying spinoffs. Companies don’t like to burn shareholders, so they tend to do spinoffs at a discount, as a kind of “gift.” Money managers who get spun-off shares often dump them anyway, because the new company does not fit their mandate.</p><p><blockquote>投资中相当一致的一种策略是购买衍生产品。公司不喜欢烧伤股东，所以他们倾向于以折扣价进行分拆，作为一种 “礼物”。获得分拆股票的基金经理无论如何都会抛售它们，因为新公司不符合他们的职责。</blockquote></p><p> A good spinoff to consider right now is&nbsp;<b>Organon</b>,a mid-size pharma company. It was jettisoned from Merck&nbsp;in May. Organon just bounced 12% on Aug. 12 after it posted a solid quarter, but it still trades below the spinoff price of around $38. At this level, the stock looks attractively cheap, trading near five times 2021 earnings.</p><p><blockquote>现在可以考虑的一个好的衍生产品是<b>器官</b>一家中型制药公司。它于 5 月份被默克抛弃。 Organon 在公布了稳健的季度业绩后，于 8 月 12 日刚刚反弹 12%，但其交易价格仍低于 38 美元左右的分拆价格。在这个水平上，该股看起来很便宜，交易价格接近 2021 年市盈率的五倍。</blockquote></p><p> Of course, Organon is cheap because it has issues. The chief one is the looming patent cliff on many of its products. Its Nexplanon birth control rolls off patent during 2025-2027, and that’s 11% of sales.</p><p><blockquote>当然，Organon很便宜，因为它有问题。最主要的一个是其许多产品迫在眉睫的专利悬崖。其 Nexplanon 避孕药将于 2025-2027 年期间获得专利，占销售额的 11%。</blockquote></p><p> But this might not be such a threat. “There is a strong possibility that it can extend its patent to as late as 2030,” says Bruce Kaser, a value investor who is the editor of the Cabot Turnaround Letter. Nexplanon is a rod implanted under the skin, so women may be reluctant to go with a discount version. Another problem: Organon sells into China, where the government is cutting the prices of its products. But the worst of the damage may be over.</p><p><blockquote>但这可能不是这样的威胁。“卡伯特扭亏为盈信的编辑、价值投资者布鲁斯-卡瑟（Bruce Kaser）说：”该公司很有可能将专利延长至 2030 年。Nexplanon是一种植入皮下的棒，所以女性可能不愿意选择打折版本。另一个问题是：Organon销往中国，中国政府正在降低其产品价格。但最严重的损害可能已经过去。</blockquote></p><p> On the upside, Organon plans to regularly launch new products. And the company has $1.3 billion in annual free cash flow supporting a dividend yield of 3.3%.</p><p><blockquote>从好的方面来看，Organon计划定期推出新产品。该公司每年拥有 13 亿美元的自由现金流，支持 3.3% 的股息收益率。</blockquote></p><p> <b>The smart money signal</b>: Organon was recently suggested in the Cabot Turnaround Letter, which has a good record. Its portfolio is up 135.8% in the past 12 months, compared with 36.5% for S&amp;P 500.</p><p><blockquote><b>聪明理财信号</b>: Organon 最近在 Cabot 扭亏为盈的信中被建议，该信中有着良好的记录。过去 12 个月，其投资组合增长了 135.8%，而标普500的投资组合增长了 36.5%。</blockquote></p><p> <b>An education play</b></p><p><blockquote><b>教育剧</b></blockquote></p><p> If universities have allowed their participation in the culture wars to distract them from the core mission of basic education,<b>Chegg</b>&nbsp;is there to pick up the slack.</p><p><blockquote>如果大学允许他们参与文化战争来分散他们对基础教育核心使命的注意力，<b>切格</b>是来收拾残局的。</blockquote></p><p> This online education company helps college and high school students master their math and writing skills. The company also helps students save on expensive text books by offering rentals and e-textbook versions.</p><p><blockquote>这家在线教育公司帮助大学生和高中生掌握数学和写作技能。该公司还通过提供租赁和电子教科书版本来帮助学生节省昂贵的教科书费用。</blockquote></p><p> While online education has a black eye, Chegg is the exception. Last year student subscriptions jumped 67% to 6.6 million from a year earlier. Sales grew 30% in the quarter, and the company guided to 28% sales growth for this year, to $805 million to $815 million.</p><p><blockquote>虽然在线教育有黑眼圈，但切格是个例外。去年，学生订阅量比上年同期增长了 67%，达到 660 万。本季度销售额增长了 30%，该公司预计今年销售额增长 28%，达到 8.05 亿至 8.15 亿美元。</blockquote></p><p> “Online learning had a bad reputation for overcharging, while success rates were minimal,” says money manager Kevin Landis. “But Chegg is different.”</p><p><blockquote>“资金经理凯文-兰迪斯（Kevin Landis）说：”在线学习因收费过高而名声不佳，而成功率却很低。“但切格不同。”</blockquote></p><p> He likes the robust growth in the U.S. and the big potential for international growth, particularly in Asia.</p><p><blockquote>他喜欢美国的强劲增长以及国际增长的巨大潜力，尤其是在亚洲。</blockquote></p><p> <b>The smart money signal</b>: Landis’ Firsthand Technology Opportunities&nbsp;beats its Morningstar technology fund category by eight percentage points annualized over the past five years. Chegg is the second-largest position, at 8% of the portfolio. Chegg is the sixth-biggest holding of the Alger Weatherbie Specialized Growth Fund,which beats its mid-cap growth category by 5.7 percentage points annualized over the past five years.</p><p><blockquote><b>聪明理财信号</b>: 在过去五年中，兰迪斯的第一手技术机会比晨星技术基金类别高出 8 个百分点。Chegg 是第二大头寸，占投资组合的 8%。Chegg 是 Alger Weatherbie Specialized Growth Fund 的第六大持股， 该基金在过去五年中年化比中型增长类别高出 5.7 个百分点。</blockquote></p><p></p>","source":"lsy1603348471595","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>If you’re nervous about the stock market at record highs, consider these five companies that are loved by the smart money<blockquote>如果您对股市创下历史新高感到紧张，请考虑这五家深受精明资金喜爱的公司</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\">\nIf you’re nervous about the stock market at record highs, consider these five companies that are loved by the smart money<blockquote>如果您对股市创下历史新高感到紧张，请考虑这五家深受精明资金喜爱的公司</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-08-14 09:38</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Company insiders and professional investors are buying shares of Alibaba, Chegg and Activision Blizzard, among others</p><p><blockquote>公司内部人士和专业投资者正在购买阿里巴巴-SW、切格和动视暴雪等公司的股票</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a750143fbfb2e7d732bb3dcc80114d61\" tg-width=\"700\" tg-height=\"393\" referrerpolicy=\"no-referrer\"><span>(Photo by Chung Sung-Jun/Getty Images)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（摄影：Chung Sung-Jun/Getty Images）</span></p></blockquote></p><p> The stock market is near all-time highs, but train-wreck season lies just around the corner.</p><p><blockquote>股市接近历史高点，但火车失事季节即将来临。</blockquote></p><p> Should you sell? After all, the S&amp;P 500,Nasdaq&nbsp;and Dow Jones Industrial Average&nbsp;often hit a rough patch in September and October.</p><p><blockquote>你应该卖吗？毕竟，标准普尔 500 指数、纳斯达克指数和道琼斯工业平均指数经常在 9 月和 10 月遭遇艰难时期。</blockquote></p><p> I say hold on, and indeed consider any of the five companies below because they are “smart money” favorites. But first, big picture, here are three reasons to stay the course.</p><p><blockquote>我说坚持住，确实可以考虑以下五家公司中的任何一家，因为它们都是 “聪明资金 ”的最爱。但首先，从大局来看，这里有三个坚持下去的理由。</blockquote></p><p> 1. There’s no guarantee that the seasonal weakness will repeat. Besides, the ability to time market turns is tough.</p><p><blockquote>1. 不能保证季节性疲软会重演。此外，把握市场转折的能力很难。</blockquote></p><p> 2. Fears about the delta variant of Covid are overblown. More people are getting vaccinated, and most of them won’t suffer severe symptoms if infected, say market strategists at T. Rowe Price.</p><p><blockquote>2. 对新冠病毒德尔塔变异毒株的担忧被夸大了。T. Rowe Price 的市场策略师说，越来越多的人接种了疫苗，他们中的大多数人如果被感染也不会出现严重症状。</blockquote></p><p> 3. There’s a lot of embedded demand in the economy and it will sustain growth, says Leuthold Group strategist Jim Paulsen.</p><p><blockquote>3. Leuthold 集团策略师吉姆-保尔森（Jim Paulsen）说，经济中有很多内在需求，它将持续增长。</blockquote></p><p> On the consumer front (most of the economy): Personal savings at a record high, durable goods purchases are near a 50-year low, and new household formation is at a record high. People buy stuff to fill new homes. Next, the economy has plenty of room to grow given the elevated jobless rate and big excess lending capacity at banks.</p><p><blockquote>在消费方面（经济的大部分）：个人储蓄创历史新高，耐用品购买量接近50年来的最低点，新家庭形成量创历史新高。人们买东西来填满新家。其次，鉴于失业率上升和银行大量过剩贷款能力，经济有很大的增长空间。</blockquote></p><p> <b>Five smart money stocks</b></p><p><blockquote><b>五只聪明的理财股票</b></blockquote></p><p> At my stock letter Brush Up on Stocks, I favor stocks that corporate insiders like. But not just&nbsp;<i>any</i>&nbsp;insiders. I go for stocks picked up by insiders with&nbsp;<i>great</i>&nbsp;records. Here are two, trading near where insiders just bought.</p><p><blockquote>在我的股票信中，我喜欢企业内部人士喜欢的股票。但不仅仅是<i>任何</i>内部人员。我喜欢内部人士买入的股票<i>伟大的</i>记录。这里有两个，在内部人士刚刚买入的地方附近交易。</blockquote></p><p> <b>Activision Blizzard</b></p><p><blockquote><b>动视暴雪</b></blockquote></p><p> This is the company behind the most popular and addictive online games — like Call of Duty, World of Warcraft, Diablo, Overwatch and Candy Crush.<b>Activision Blizzard</b>&nbsp;makes money via game sales and subscriptions, by selling in-game content and ads. It has around 408 million regular users.</p><p><blockquote>这是最受欢迎和令人上瘾的网络游戏背后的公司——如《使命召唤的看涨期权》、《魔兽世界》、《暗黑破坏神》、《守望先锋》和《糖果粉碎》。<b>动视暴雪</b>通过游戏销售和订阅、销售游戏内内容和广告来赚钱。它拥有大约4.08亿普通用户。</blockquote></p><p> Besides winning over new fans, the company regularly launches new games and expands existing franchises — most recently with World of Warcraft: The Burning Crusade, in June. This addition marks “the start of what is intended to be a very significant 18-month period for content releases,” says the company. Sales grew 19% to $2.30 billion in the second quarter, and operating margins are rich at 42%.</p><p><blockquote>除了赢得新粉丝，该公司还定期推出新游戏并扩展现有的特许经营权——最近一次是在6月份推出的《魔兽世界：燃烧的十字军东征》。该公司表示，这一新增标志着 “为期 18 个月的内容发布期的开始”。第二季度销售额增长 19%，达到 23 亿美元，营业利润率高达 42%。</blockquote></p><p> One risk is that fallout from allegations of sexual misconduct and&nbsp;a related lawsuit by the California Department of Fair Employment and Housing will “make it difficult for the firm to attract and retain top talent in a very competitive industry,” says&nbsp;Morningstar analyst Neil Macker.</p><p><blockquote>晨星公司（Morningstar）分析师尼尔-麦克（Neil Macker）说，一个风险是，性行为不端指控以及加州公平就业和住房部提起的相关诉讼将 “使该公司难以在竞争激烈的行业中吸引和留住顶尖人才”。</blockquote></p><p> <b>The smart money signal</b>: Director Peter Nolan just bought $2 million worth at $80-$82.28 a share. He’s a good insider to follow because he bought $4.3 million in March 2019 at $43 and the stock is now almost a double. Also, in my system of insider analysis, repeat buying on strength (as opposed to profit taking) is bullish. He also bought at $3.70 back in 2004.</p><p><blockquote><b>聪明理财信号</b>导演彼得·诺兰刚刚以每股 80-82.28 美元的价格购买了价值 200 万美元的股票。他是一个值得关注的内部人士，因为他在 2019 年 3 月以 43 美元的价格买入了 430 万美元，现在股价几乎翻了一番。此外，在我的内部分析系统中，重复强势买入（而不是获利了结）是看涨的。他还在2004年以3.70美元的价格买入。</blockquote></p><p> <b>B. Riley Financial</b></p><p><blockquote><b>B. 莱利金融</b></blockquote></p><p> I introduced this name in my stock letter in March 2018 at $20 and reiterated it over a dozen times into strength after that. It now trades for over $65. Despite the hefty gains, I think&nbsp;<b>B. Riley Financia</b>&nbsp;is still a hold, and a buy for anyone who does not own.</p><p><blockquote>我在2018年3月以20美元的价格在我的股票信中介绍了这个名字，并在那之后重申了十几次。它现在的交易价格超过65美元。尽管收益巨大，但我认为<b>B. 莱利金融</b>仍然是持有，对于任何不拥有它的人来说都是买入。</blockquote></p><p> This is a Los Angeles-based investment bank that also manages money and does stock research. It specializes in small- and mid-cap stocks. B. Riley Financial is a good proxy for the overall market and the U.S. economy, given its banking and market-related businesses. This will be a plus, as economic growth holds up. It also continues to expand via acquisitions.&nbsp;Revenue grew 26% in the second quarter to $336.8 million, in part because of an acquisition. It pays a 2.9% dividend yield.</p><p><blockquote>这是一家总部位于洛杉矶的投资银行，也管理资金和进行股票研究。它专注于中小盘股。B. Riley Financial 凭借其银行和市场相关业务，是整体市场和美国经济的良好代表。随着经济增长保持稳定，这将是一个优势。它还通过收购继续扩张。第二季度收入增长 26%，达到 3.368 亿美元，部分原因是收购。它支付2.9%的股息收益率。</blockquote></p><p> <b>The smart money signal</b>: CEO Bryant Riley purchased $3.4 million worth of stock at $63 to $68 in early June and August. He has a long record of buying over $22 million worth of stock in the $8 to $48 range since 2014, including $6.6 million in purchases near the start of this year at $46 to $48.71 (already up over 40%).</p><p><blockquote><b>聪明理财信号</b>: 首席执行官布莱恩特·莱利 (Bryant Riley) 在 6 月初和 8 月初以 63 至 68 美元的价格购买了价值 340 万美元的股票。自2014年以来，他在8美元至48美元范围内购买了价值超过2200万美元的股票，包括今年年初以46美元至48.71美元的价格购买了660万美元（已经上涨了40%以上）。</blockquote></p><p> <b>Alibaba Group</b></p><p><blockquote><b>阿里巴巴-SW集团</b></blockquote></p><p> If you like to buy quality companies whose stocks are beaten down by a host of problems, then Chinese consumer platform&nbsp;<b>Alibaba Group</b>&nbsp;may be for you.</p><p><blockquote>如果你喜欢购买股票因一系列问题而遭受重创的优质公司，那么中国消费者平台<b>阿里巴巴-SW集团</b>可能是给你的。</blockquote></p><p> Its shares are down 40% since October because of rising U.S.-China tensions, some weakness in its core consumer business, the possible loss of tax breaks in China, and allegations of sexual assault inside the company.</p><p><blockquote>由于中美紧张局势加剧、核心消费业务疲软、中国可能失去税收减免以及公司内部性侵犯指控，该公司股价自 10 月份以来已下跌 40%。</blockquote></p><p></p><p> These are serious issues, but this is also a company with serious potential. Over one billion consumers use its marketplaces, including 891 million in China and 240 million abroad. Organic sales growth is 32%. It’s in the early stages of rolling out its AliCloud cloud computing business, which could be the next big growth driver.</p><p><blockquote>这些都是严重的问题，但这也是一家具有巨大潜力的公司。超过10亿消费者使用其市场，其中8.91亿在中国，2.4亿在国外。有机销售额增长32%。该公司正处于推出 AliCloud 云计算业务的早期阶段，这可能是下一个重要的增长动力。</blockquote></p><p> <b>The smart money signal</b>: This company is singled out by Albert Meyer of Bastiat Capital, which has posted 22% annualized growth over the past five years compared to 17.7% for the S&amp;P 500.</p><p><blockquote><b>聪明理财信号</b>Bastiat Capital 的 Albert Meyer 特别指出了这家公司，该公司在过去五年中的年化增长率为 22%，而标普500的年化增长率为 17.7%。</blockquote></p><p> <b>An attractive spinoff</b></p><p><blockquote><b>有吸引力的衍生产品</b></blockquote></p><p> One tactic that works fairly consistently in investing is buying spinoffs. Companies don’t like to burn shareholders, so they tend to do spinoffs at a discount, as a kind of “gift.” Money managers who get spun-off shares often dump them anyway, because the new company does not fit their mandate.</p><p><blockquote>投资中相当一致的一种策略是购买衍生产品。公司不喜欢烧伤股东，所以他们倾向于以折扣价进行分拆，作为一种 “礼物”。获得分拆股票的基金经理无论如何都会抛售它们，因为新公司不符合他们的职责。</blockquote></p><p> A good spinoff to consider right now is&nbsp;<b>Organon</b>,a mid-size pharma company. It was jettisoned from Merck&nbsp;in May. Organon just bounced 12% on Aug. 12 after it posted a solid quarter, but it still trades below the spinoff price of around $38. At this level, the stock looks attractively cheap, trading near five times 2021 earnings.</p><p><blockquote>现在可以考虑的一个好的衍生产品是<b>器官</b>一家中型制药公司。它于 5 月份被默克抛弃。 Organon 在公布了稳健的季度业绩后，于 8 月 12 日刚刚反弹 12%，但其交易价格仍低于 38 美元左右的分拆价格。在这个水平上，该股看起来很便宜，交易价格接近 2021 年市盈率的五倍。</blockquote></p><p> Of course, Organon is cheap because it has issues. The chief one is the looming patent cliff on many of its products. Its Nexplanon birth control rolls off patent during 2025-2027, and that’s 11% of sales.</p><p><blockquote>当然，Organon很便宜，因为它有问题。最主要的一个是其许多产品迫在眉睫的专利悬崖。其 Nexplanon 避孕药将于 2025-2027 年期间获得专利，占销售额的 11%。</blockquote></p><p> But this might not be such a threat. “There is a strong possibility that it can extend its patent to as late as 2030,” says Bruce Kaser, a value investor who is the editor of the Cabot Turnaround Letter. Nexplanon is a rod implanted under the skin, so women may be reluctant to go with a discount version. Another problem: Organon sells into China, where the government is cutting the prices of its products. But the worst of the damage may be over.</p><p><blockquote>但这可能不是这样的威胁。“卡伯特扭亏为盈信的编辑、价值投资者布鲁斯-卡瑟（Bruce Kaser）说：”该公司很有可能将专利延长至 2030 年。Nexplanon是一种植入皮下的棒，所以女性可能不愿意选择打折版本。另一个问题是：Organon销往中国，中国政府正在降低其产品价格。但最严重的损害可能已经过去。</blockquote></p><p> On the upside, Organon plans to regularly launch new products. And the company has $1.3 billion in annual free cash flow supporting a dividend yield of 3.3%.</p><p><blockquote>从好的方面来看，Organon计划定期推出新产品。该公司每年拥有 13 亿美元的自由现金流，支持 3.3% 的股息收益率。</blockquote></p><p> <b>The smart money signal</b>: Organon was recently suggested in the Cabot Turnaround Letter, which has a good record. Its portfolio is up 135.8% in the past 12 months, compared with 36.5% for S&amp;P 500.</p><p><blockquote><b>聪明理财信号</b>: Organon 最近在 Cabot 扭亏为盈的信中被建议，该信中有着良好的记录。过去 12 个月，其投资组合增长了 135.8%，而标普500的投资组合增长了 36.5%。</blockquote></p><p> <b>An education play</b></p><p><blockquote><b>教育剧</b></blockquote></p><p> If universities have allowed their participation in the culture wars to distract them from the core mission of basic education,<b>Chegg</b>&nbsp;is there to pick up the slack.</p><p><blockquote>如果大学允许他们参与文化战争来分散他们对基础教育核心使命的注意力，<b>切格</b>是来收拾残局的。</blockquote></p><p> This online education company helps college and high school students master their math and writing skills. The company also helps students save on expensive text books by offering rentals and e-textbook versions.</p><p><blockquote>这家在线教育公司帮助大学生和高中生掌握数学和写作技能。该公司还通过提供租赁和电子教科书版本来帮助学生节省昂贵的教科书费用。</blockquote></p><p> While online education has a black eye, Chegg is the exception. Last year student subscriptions jumped 67% to 6.6 million from a year earlier. Sales grew 30% in the quarter, and the company guided to 28% sales growth for this year, to $805 million to $815 million.</p><p><blockquote>虽然在线教育有黑眼圈，但切格是个例外。去年，学生订阅量比上年同期增长了 67%，达到 660 万。本季度销售额增长了 30%，该公司预计今年销售额增长 28%，达到 8.05 亿至 8.15 亿美元。</blockquote></p><p> “Online learning had a bad reputation for overcharging, while success rates were minimal,” says money manager Kevin Landis. “But Chegg is different.”</p><p><blockquote>“资金经理凯文-兰迪斯（Kevin Landis）说：”在线学习因收费过高而名声不佳，而成功率却很低。“但切格不同。”</blockquote></p><p> He likes the robust growth in the U.S. and the big potential for international growth, particularly in Asia.</p><p><blockquote>他喜欢美国的强劲增长以及国际增长的巨大潜力，尤其是在亚洲。</blockquote></p><p> <b>The smart money signal</b>: Landis’ Firsthand Technology Opportunities&nbsp;beats its Morningstar technology fund category by eight percentage points annualized over the past five years. Chegg is the second-largest position, at 8% of the portfolio. Chegg is the sixth-biggest holding of the Alger Weatherbie Specialized Growth Fund,which beats its mid-cap growth category by 5.7 percentage points annualized over the past five years.</p><p><blockquote><b>聪明理财信号</b>: 在过去五年中，兰迪斯的第一手技术机会比晨星技术基金类别高出 8 个百分点。Chegg 是第二大头寸，占投资组合的 8%。Chegg 是 Alger Weatherbie Specialized Growth Fund 的第六大持股， 该基金在过去五年中年化比中型增长类别高出 5.7 个百分点。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/if-youre-nervous-about-the-stock-market-at-record-highs-consider-these-five-companies-that-are-loved-by-the-smart-money-11628865442?mod=home-page\">MarketWatch</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":{"RILY":"BRC Group Holdings, Inc.","CHGG":"Chegg Inc","BABA":"阿里巴巴","OGN":"Organon & Co"},"source_url":"https://www.marketwatch.com/story/if-youre-nervous-about-the-stock-market-at-record-highs-consider-these-five-companies-that-are-loved-by-the-smart-money-11628865442?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1173847412","content_text":"Company insiders and professional investors are buying shares of Alibaba, Chegg and Activision Blizzard, among others\n(Photo by Chung Sung-Jun/Getty Images)\nThe stock market is near all-time highs, but train-wreck season lies just around the corner.\nShould you sell? After all, the S&P 500,Nasdaq and Dow Jones Industrial Average often hit a rough patch in September and October.\nI say hold on, and indeed consider any of the five companies below because they are “smart money” favorites. But first, big picture, here are three reasons to stay the course.\n1. There’s no guarantee that the seasonal weakness will repeat. Besides, the ability to time market turns is tough.\n2. Fears about the delta variant of Covid are overblown. More people are getting vaccinated, and most of them won’t suffer severe symptoms if infected, say market strategists at T. Rowe Price.\n3. There’s a lot of embedded demand in the economy and it will sustain growth, says Leuthold Group strategist Jim Paulsen.\nOn the consumer front (most of the economy): Personal savings at a record high, durable goods purchases are near a 50-year low, and new household formation is at a record high. People buy stuff to fill new homes. Next, the economy has plenty of room to grow given the elevated jobless rate and big excess lending capacity at banks.\nFive smart money stocks\nAt my stock letter Brush Up on Stocks, I favor stocks that corporate insiders like. But not just any insiders. I go for stocks picked up by insiders with great records. Here are two, trading near where insiders just bought.\nActivision Blizzard\nThis is the company behind the most popular and addictive online games — like Call of Duty, World of Warcraft, Diablo, Overwatch and Candy Crush.Activision Blizzard makes money via game sales and subscriptions, by selling in-game content and ads. It has around 408 million regular users.\nBesides winning over new fans, the company regularly launches new games and expands existing franchises — most recently with World of Warcraft: The Burning Crusade, in June. This addition marks “the start of what is intended to be a very significant 18-month period for content releases,” says the company. Sales grew 19% to $2.30 billion in the second quarter, and operating margins are rich at 42%.\nOne risk is that fallout from allegations of sexual misconduct and a related lawsuit by the California Department of Fair Employment and Housing will “make it difficult for the firm to attract and retain top talent in a very competitive industry,” says Morningstar analyst Neil Macker.\nThe smart money signal: Director Peter Nolan just bought $2 million worth at $80-$82.28 a share. He’s a good insider to follow because he bought $4.3 million in March 2019 at $43 and the stock is now almost a double. Also, in my system of insider analysis, repeat buying on strength (as opposed to profit taking) is bullish. He also bought at $3.70 back in 2004.\nB. Riley Financial\nI introduced this name in my stock letter in March 2018 at $20 and reiterated it over a dozen times into strength after that. It now trades for over $65. Despite the hefty gains, I think B. Riley Financia is still a hold, and a buy for anyone who does not own.\nThis is a Los Angeles-based investment bank that also manages money and does stock research. It specializes in small- and mid-cap stocks. B. Riley Financial is a good proxy for the overall market and the U.S. economy, given its banking and market-related businesses. This will be a plus, as economic growth holds up. It also continues to expand via acquisitions. Revenue grew 26% in the second quarter to $336.8 million, in part because of an acquisition. It pays a 2.9% dividend yield.\nThe smart money signal: CEO Bryant Riley purchased $3.4 million worth of stock at $63 to $68 in early June and August. He has a long record of buying over $22 million worth of stock in the $8 to $48 range since 2014, including $6.6 million in purchases near the start of this year at $46 to $48.71 (already up over 40%).\nAlibaba Group\nIf you like to buy quality companies whose stocks are beaten down by a host of problems, then Chinese consumer platform Alibaba Group may be for you.\nIts shares are down 40% since October because of rising U.S.-China tensions, some weakness in its core consumer business, the possible loss of tax breaks in China, and allegations of sexual assault inside the company.\nThese are serious issues, but this is also a company with serious potential. Over one billion consumers use its marketplaces, including 891 million in China and 240 million abroad. Organic sales growth is 32%. It’s in the early stages of rolling out its AliCloud cloud computing business, which could be the next big growth driver.\nThe smart money signal: This company is singled out by Albert Meyer of Bastiat Capital, which has posted 22% annualized growth over the past five years compared to 17.7% for the S&P 500.\nAn attractive spinoff\nOne tactic that works fairly consistently in investing is buying spinoffs. Companies don’t like to burn shareholders, so they tend to do spinoffs at a discount, as a kind of “gift.” Money managers who get spun-off shares often dump them anyway, because the new company does not fit their mandate.\nA good spinoff to consider right now is Organon,a mid-size pharma company. It was jettisoned from Merck in May. Organon just bounced 12% on Aug. 12 after it posted a solid quarter, but it still trades below the spinoff price of around $38. At this level, the stock looks attractively cheap, trading near five times 2021 earnings.\nOf course, Organon is cheap because it has issues. The chief one is the looming patent cliff on many of its products. Its Nexplanon birth control rolls off patent during 2025-2027, and that’s 11% of sales.\nBut this might not be such a threat. “There is a strong possibility that it can extend its patent to as late as 2030,” says Bruce Kaser, a value investor who is the editor of the Cabot Turnaround Letter. Nexplanon is a rod implanted under the skin, so women may be reluctant to go with a discount version. Another problem: Organon sells into China, where the government is cutting the prices of its products. But the worst of the damage may be over.\nOn the upside, Organon plans to regularly launch new products. And the company has $1.3 billion in annual free cash flow supporting a dividend yield of 3.3%.\nThe smart money signal: Organon was recently suggested in the Cabot Turnaround Letter, which has a good record. Its portfolio is up 135.8% in the past 12 months, compared with 36.5% for S&P 500.\nAn education play\nIf universities have allowed their participation in the culture wars to distract them from the core mission of basic education,Chegg is there to pick up the slack.\nThis online education company helps college and high school students master their math and writing skills. The company also helps students save on expensive text books by offering rentals and e-textbook versions.\nWhile online education has a black eye, Chegg is the exception. Last year student subscriptions jumped 67% to 6.6 million from a year earlier. Sales grew 30% in the quarter, and the company guided to 28% sales growth for this year, to $805 million to $815 million.\n“Online learning had a bad reputation for overcharging, while success rates were minimal,” says money manager Kevin Landis. “But Chegg is different.”\nHe likes the robust growth in the U.S. and the big potential for international growth, particularly in Asia.\nThe smart money signal: Landis’ Firsthand Technology Opportunities beats its Morningstar technology fund category by eight percentage points annualized over the past five years. Chegg is the second-largest position, at 8% of the portfolio. Chegg is the sixth-biggest holding of the Alger Weatherbie Specialized Growth Fund,which beats its mid-cap growth category by 5.7 percentage points annualized over the past five years.","news_type":1,"symbols_score_info":{"CHGG":0.9,"ATVI":0.9,"BABA":0.9,"RILY":0.9,"OGN":0.9}},"isVote":1,"tweetType":1,"viewCount":2589,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":894428073,"gmtCreate":1628849822192,"gmtModify":1631889822640,"author":{"id":"3576420733683738","authorId":"3576420733683738","name":"markkk","avatar":"https://static.tigerbbs.com/df42d8e8fb0e4c7a09fcf6592b170a1e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576420733683738","authorIdStr":"3576420733683738"},"themes":[],"title":"","htmlText":"nsi","listText":"nsi","text":"nsi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/894428073","repostId":"2159296424","repostType":4,"isVote":1,"tweetType":1,"viewCount":2606,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":895264762,"gmtCreate":1628748784856,"gmtModify":1631889822653,"author":{"id":"3576420733683738","authorId":"3576420733683738","name":"markkk","avatar":"https://static.tigerbbs.com/df42d8e8fb0e4c7a09fcf6592b170a1e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576420733683738","authorIdStr":"3576420733683738"},"themes":[],"title":"","htmlText":"nie","listText":"nie","text":"nie","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/895264762","repostId":"2158079237","repostType":4,"isVote":1,"tweetType":1,"viewCount":2597,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":895981006,"gmtCreate":1628706757405,"gmtModify":1631889822666,"author":{"id":"3576420733683738","authorId":"3576420733683738","name":"markkk","avatar":"https://static.tigerbbs.com/df42d8e8fb0e4c7a09fcf6592b170a1e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576420733683738","authorIdStr":"3576420733683738"},"themes":[],"title":"","htmlText":"nice","listText":"nice","text":"nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/895981006","repostId":"1197984437","repostType":4,"repost":{"id":"1197984437","kind":"news","pubTimestamp":1628695457,"share":"https://www.laohunote.com/m/news/1197984437?lang=zh_CN&edition=full","pubTime":"2021-08-11 23:24","market":"us","language":"en","title":"Bitcoin ETF Filing Flood Collides With Cooling Demand for Funds<blockquote>比特币 ETF 申请洪水与资金需求降温发生冲突</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1197984437","media":"finance.yahoo","summary":"(Bloomberg) -- U.S. Securities and Exchange Commission Chair Gary Gensler ignited a fresh wave of op","content":"<p>(Bloomberg) -- U.S. Securities and Exchange Commission Chair Gary Gensler ignited a fresh wave of optimism among Bitcoin exchange-traded fund advocates this month -- but it’s unclear whether investors share that enthusiasm.</p><p><blockquote>(彭博社）--美国证券交易委员会主席加里-詹斯勒（Gary Gensler）本月在比特币交易所交易基金的倡导者中点燃了新一轮的乐观情绪--但目前还不清楚投资者是否也有这种热情。</blockquote></p><p> Digital-asset investment products from Grayscale, Bitwise, 21Shares and others saw outflows for the fifth straight week, the longest such streak since January 2018, according to data compiled by CoinShares. The outflows total roughly $93 million over that stretch. Much of it is thanks to money being yanked away from Bitcoin products, according to the digital-asset manager.</p><p><blockquote>根据CoinShares汇编的数据，Grayscale、Bitwise、21Shares和其他公司的数字资产投资产品连续第五周出现资金流出，这是自2018年1月以来最长的连续流出。在此期间，资金外流总额约为 9300 万美元。这家数字资产管理公司表示，这在很大程度上是由于资金从比特币产品中被抽走。</blockquote></p><p> The cooling appetite stands in contrast to the growing pile of cryptocurrency ETF filings, with at least 18 applications landing with the SEC this year. That tally grew by three in the past two weeks after Gensler signaled that regulators may be more open to a Bitcoin ETF if it was based around futures rather than the cryptocurrency itself. However, even if the SEC finally green-lights the fund structure, it’s not a sure bet that a Bitcoin ETF would be met with huge demand, according to Meltem Demirors of Coinshares.</p><p><blockquote>这种降温的胃口与越来越多的加密货币 ETF 申请形成鲜明对比，今年至少有 18 份申请提交给了 SEC。在 Gensler 表示，如果比特币 ETF 以期货而不是加密货币本身为基础，监管机构可能会对其更加开放后，这一数字在过去两周内增长了 3 个。不过，Coinshares 的 Meltem Demirors 表示，即使美国证券交易委员会最终为该基金结构开了绿灯，比特币 ETF 能否满足巨大的需求也不能确定。</blockquote></p><p> “There’s so many venues for people to buy and sell Bitcoin, to get exposure to Bitcoin in tax-managed accounts,” said Demirors, chief strategy officer at CoinShares. “We’re not really sure what the demand will look like because is the maturation of crypto in the U.S. is already quite high.”</p><p><blockquote>“CoinShares 首席战略官 Demirors 说：”人们买卖比特币、在税务管理账户中接触比特币的场所有很多。“我们不太确定需求会是什么样子，因为加密货币在美国的成熟度已经相当高了。”</blockquote></p><p> After setting an all-time high of nearly $65,000 in April, Bitcoin resumed its volatile price swings. The world’s largest cryptocurrency dropped below $30,000 in June as environmental and regulatory concerns hammered sentiment. Bitcoin has since rebounded to more than $46,000, even as the U.S. Senate passed an infrastructure bill that would allow for broad oversight of virtual currencies.</p><p><blockquote>在 4 月份创下近 65,000 美元的历史新高后，比特币恢复了价格波动。由于环境和监管问题打击了市场情绪，全球最大的加密货币在 6 月份跌破 3 万美元。此后，比特币已反弹至 46,000 美元以上，尽管美国参议院通过了一项基础设施法案，允许对虚拟货币进行广泛监管。</blockquote></p><p> However, fund flows have yet to match the rebound. Bitcoin funds and futures are on track for a third straight month of outflows, the longest streak in data going back to 2014, according to Bloomberg Intelligence. The bulk of that decline is due to decreasing open interest in Bitcoin futures, meaning traders let their contracts roll off without renewing.</p><p><blockquote>然而，资金流动尚未赶上反弹。根据彭博资讯（Bloomberg Intelligence）的数据，比特币基金和期货有望连续第三个月资金外流，这是自2014年以来最长的数据连续流出。这一下降的主要原因是对比特币期货的未平仓兴趣下降，这意味着交易员让他们的合约滚动而不续签。</blockquote></p><p> The outflows might even be bigger, if not for the fact that the $30 billion Grayscale Bitcoin Trust (ticker GBTC) -- the largest crypto fund -- doesn’t allow for share redemptions. That’s after shares of the trust ballooned by the hundreds of millions earlier this year amid the crypto craze. As a result, GBTC has traded at a persistent discount to its underlying Bitcoin since March.</p><p><blockquote>如果不是因为最大的加密货币基金--价值 300 亿美元的灰度比特币信托基金（股票代码 GBTC）不允许股票赎回，资金流出可能会更大。在此之前，在今年早些时候的加密货币热潮中，该信托基金的股票暴涨了数亿美元。因此，自 3 月份以来，GBTC 的交易价格一直低于其标的比特币。</blockquote></p><p> But still, in the eyes of Bloomberg Intelligence’s James Seyffart, it’s just a matter of time before investors flood back into crypto funds.</p><p><blockquote>不过，在彭博情报公司（Bloomberg Intelligence）的詹姆斯-塞法特（James Seyffart）看来，投资者重返加密货币基金只是时间问题。</blockquote></p><p> “I think there’s still demand for Bitcoin products that people can access on the traditional financial system rails, if you will,” Seyffart said. “Flows tend to follow performance in areas and products like this, so with the recent weeks of performance for Bitcoin, I wouldn’t be surprised to see those flow numbers potentially turn around.”</p><p><blockquote>“塞法特说：”我认为，如果愿意，人们可以在传统的金融系统轨道上使用比特币产品，对这些产品的需求仍然存在。“在这样的领域和产品中，流量往往会跟随业绩，因此，随着比特币最近几周的业绩，如果看到这些流量数字有可能好转，我不会感到惊讶。”</blockquote></p><p></p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin ETF Filing Flood Collides With Cooling Demand for Funds<blockquote>比特币 ETF 申请洪水与资金需求降温发生冲突</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\">\nBitcoin ETF Filing Flood Collides With Cooling Demand for Funds<blockquote>比特币 ETF 申请洪水与资金需求降温发生冲突</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">finance.yahoo</strong><span class=\"h-time small\">2021-08-11 23:24</span>\n</p>\n</h4>\n</header>\n<article>\n<p>(Bloomberg) -- U.S. Securities and Exchange Commission Chair Gary Gensler ignited a fresh wave of optimism among Bitcoin exchange-traded fund advocates this month -- but it’s unclear whether investors share that enthusiasm.</p><p><blockquote>(彭博社）--美国证券交易委员会主席加里-詹斯勒（Gary Gensler）本月在比特币交易所交易基金的倡导者中点燃了新一轮的乐观情绪--但目前还不清楚投资者是否也有这种热情。</blockquote></p><p> Digital-asset investment products from Grayscale, Bitwise, 21Shares and others saw outflows for the fifth straight week, the longest such streak since January 2018, according to data compiled by CoinShares. The outflows total roughly $93 million over that stretch. Much of it is thanks to money being yanked away from Bitcoin products, according to the digital-asset manager.</p><p><blockquote>根据CoinShares汇编的数据，Grayscale、Bitwise、21Shares和其他公司的数字资产投资产品连续第五周出现资金流出，这是自2018年1月以来最长的连续流出。在此期间，资金外流总额约为 9300 万美元。这家数字资产管理公司表示，这在很大程度上是由于资金从比特币产品中被抽走。</blockquote></p><p> The cooling appetite stands in contrast to the growing pile of cryptocurrency ETF filings, with at least 18 applications landing with the SEC this year. That tally grew by three in the past two weeks after Gensler signaled that regulators may be more open to a Bitcoin ETF if it was based around futures rather than the cryptocurrency itself. However, even if the SEC finally green-lights the fund structure, it’s not a sure bet that a Bitcoin ETF would be met with huge demand, according to Meltem Demirors of Coinshares.</p><p><blockquote>这种降温的胃口与越来越多的加密货币 ETF 申请形成鲜明对比，今年至少有 18 份申请提交给了 SEC。在 Gensler 表示，如果比特币 ETF 以期货而不是加密货币本身为基础，监管机构可能会对其更加开放后，这一数字在过去两周内增长了 3 个。不过，Coinshares 的 Meltem Demirors 表示，即使美国证券交易委员会最终为该基金结构开了绿灯，比特币 ETF 能否满足巨大的需求也不能确定。</blockquote></p><p> “There’s so many venues for people to buy and sell Bitcoin, to get exposure to Bitcoin in tax-managed accounts,” said Demirors, chief strategy officer at CoinShares. “We’re not really sure what the demand will look like because is the maturation of crypto in the U.S. is already quite high.”</p><p><blockquote>“CoinShares 首席战略官 Demirors 说：”人们买卖比特币、在税务管理账户中接触比特币的场所有很多。“我们不太确定需求会是什么样子，因为加密货币在美国的成熟度已经相当高了。”</blockquote></p><p> After setting an all-time high of nearly $65,000 in April, Bitcoin resumed its volatile price swings. The world’s largest cryptocurrency dropped below $30,000 in June as environmental and regulatory concerns hammered sentiment. Bitcoin has since rebounded to more than $46,000, even as the U.S. Senate passed an infrastructure bill that would allow for broad oversight of virtual currencies.</p><p><blockquote>在 4 月份创下近 65,000 美元的历史新高后，比特币恢复了价格波动。由于环境和监管问题打击了市场情绪，全球最大的加密货币在 6 月份跌破 3 万美元。此后，比特币已反弹至 46,000 美元以上，尽管美国参议院通过了一项基础设施法案，允许对虚拟货币进行广泛监管。</blockquote></p><p> However, fund flows have yet to match the rebound. Bitcoin funds and futures are on track for a third straight month of outflows, the longest streak in data going back to 2014, according to Bloomberg Intelligence. The bulk of that decline is due to decreasing open interest in Bitcoin futures, meaning traders let their contracts roll off without renewing.</p><p><blockquote>然而，资金流动尚未赶上反弹。根据彭博资讯（Bloomberg Intelligence）的数据，比特币基金和期货有望连续第三个月资金外流，这是自2014年以来最长的数据连续流出。这一下降的主要原因是对比特币期货的未平仓兴趣下降，这意味着交易员让他们的合约滚动而不续签。</blockquote></p><p> The outflows might even be bigger, if not for the fact that the $30 billion Grayscale Bitcoin Trust (ticker GBTC) -- the largest crypto fund -- doesn’t allow for share redemptions. That’s after shares of the trust ballooned by the hundreds of millions earlier this year amid the crypto craze. As a result, GBTC has traded at a persistent discount to its underlying Bitcoin since March.</p><p><blockquote>如果不是因为最大的加密货币基金--价值 300 亿美元的灰度比特币信托基金（股票代码 GBTC）不允许股票赎回，资金流出可能会更大。在此之前，在今年早些时候的加密货币热潮中，该信托基金的股票暴涨了数亿美元。因此，自 3 月份以来，GBTC 的交易价格一直低于其标的比特币。</blockquote></p><p> But still, in the eyes of Bloomberg Intelligence’s James Seyffart, it’s just a matter of time before investors flood back into crypto funds.</p><p><blockquote>不过，在彭博情报公司（Bloomberg Intelligence）的詹姆斯-塞法特（James Seyffart）看来，投资者重返加密货币基金只是时间问题。</blockquote></p><p> “I think there’s still demand for Bitcoin products that people can access on the traditional financial system rails, if you will,” Seyffart said. “Flows tend to follow performance in areas and products like this, so with the recent weeks of performance for Bitcoin, I wouldn’t be surprised to see those flow numbers potentially turn around.”</p><p><blockquote>“塞法特说：”我认为，如果愿意，人们可以在传统的金融系统轨道上使用比特币产品，对这些产品的需求仍然存在。“在这样的领域和产品中，流量往往会跟随业绩，因此，随着比特币最近几周的业绩，如果看到这些流量数字有可能好转，我不会感到惊讶。”</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://finance.yahoo.com/news/bitcoin-etf-filing-flood-collides-150226371.html\">finance.yahoo</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":{"COIN":"Coinbase Global, Inc."},"source_url":"https://finance.yahoo.com/news/bitcoin-etf-filing-flood-collides-150226371.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1197984437","content_text":"(Bloomberg) -- U.S. Securities and Exchange Commission Chair Gary Gensler ignited a fresh wave of optimism among Bitcoin exchange-traded fund advocates this month -- but it’s unclear whether investors share that enthusiasm.\nDigital-asset investment products from Grayscale, Bitwise, 21Shares and others saw outflows for the fifth straight week, the longest such streak since January 2018, according to data compiled by CoinShares. The outflows total roughly $93 million over that stretch. Much of it is thanks to money being yanked away from Bitcoin products, according to the digital-asset manager.\nThe cooling appetite stands in contrast to the growing pile of cryptocurrency ETF filings, with at least 18 applications landing with the SEC this year. That tally grew by three in the past two weeks after Gensler signaled that regulators may be more open to a Bitcoin ETF if it was based around futures rather than the cryptocurrency itself. However, even if the SEC finally green-lights the fund structure, it’s not a sure bet that a Bitcoin ETF would be met with huge demand, according to Meltem Demirors of Coinshares.\n“There’s so many venues for people to buy and sell Bitcoin, to get exposure to Bitcoin in tax-managed accounts,” said Demirors, chief strategy officer at CoinShares. “We’re not really sure what the demand will look like because is the maturation of crypto in the U.S. is already quite high.”\nAfter setting an all-time high of nearly $65,000 in April, Bitcoin resumed its volatile price swings. The world’s largest cryptocurrency dropped below $30,000 in June as environmental and regulatory concerns hammered sentiment. Bitcoin has since rebounded to more than $46,000, even as the U.S. Senate passed an infrastructure bill that would allow for broad oversight of virtual currencies.\nHowever, fund flows have yet to match the rebound. Bitcoin funds and futures are on track for a third straight month of outflows, the longest streak in data going back to 2014, according to Bloomberg Intelligence. The bulk of that decline is due to decreasing open interest in Bitcoin futures, meaning traders let their contracts roll off without renewing.\nThe outflows might even be bigger, if not for the fact that the $30 billion Grayscale Bitcoin Trust (ticker GBTC) -- the largest crypto fund -- doesn’t allow for share redemptions. That’s after shares of the trust ballooned by the hundreds of millions earlier this year amid the crypto craze. As a result, GBTC has traded at a persistent discount to its underlying Bitcoin since March.\nBut still, in the eyes of Bloomberg Intelligence’s James Seyffart, it’s just a matter of time before investors flood back into crypto funds.\n“I think there’s still demand for Bitcoin products that people can access on the traditional financial system rails, if you will,” Seyffart said. “Flows tend to follow performance in areas and products like this, so with the recent weeks of performance for Bitcoin, I wouldn’t be surprised to see those flow numbers potentially turn around.”","news_type":1,"symbols_score_info":{"COIN":0.9}},"isVote":1,"tweetType":1,"viewCount":2168,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":892042913,"gmtCreate":1628617490432,"gmtModify":1631889822675,"author":{"id":"3576420733683738","authorId":"3576420733683738","name":"markkk","avatar":"https://static.tigerbbs.com/df42d8e8fb0e4c7a09fcf6592b170a1e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576420733683738","authorIdStr":"3576420733683738"},"themes":[],"title":"","htmlText":"nice","listText":"nice","text":"nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/892042913","repostId":"1182215080","repostType":4,"repost":{"id":"1182215080","kind":"news","pubTimestamp":1628608730,"share":"https://www.laohunote.com/m/news/1182215080?lang=zh_CN&edition=full","pubTime":"2021-08-10 23:18","market":"us","language":"en","title":"FuboTV Looks Set To Break Out From Long-Term Pattern: What's Next?<blockquote>FuboTV 看起来将摆脱长期模式：下一步是什么？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1182215080","media":"Benzinga","summary":"FuboTV(NYSE:FUBO) is set to print its earnings after the closing bell on Tuesday. When the sports-fo","content":"<p><div> FuboTV(NYSE:FUBO) is set to print its earnings after the closing bell on Tuesday. When the sports-focused streaming company reported its first-quarter earnings beat, it raised guidance for the second ...</p><p><blockquote><div>FuboTV（纽约证券交易所股票代码：FUBO）将于周二收盘后发布财报。当这家专注于体育的流媒体公司报告第一季度盈利时，它提高了第二季度的指引……</div></blockquote></p><p>  <a href=\"https://www.benzinga.com/trading-ideas/long-ideas/21/08/22421934/fubotv-looks-set-to-break-out-from-long-term-pattern-whats-next\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.benzinga.com/trading-ideas/long-ideas/21/08/22421934/fubotv-looks-set-to-break-out-from-long-term-pattern-whats-next\">网页连接</a></blockquote></p><p></p>","source":"lsy1606299360108","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>FuboTV Looks Set To Break Out From Long-Term Pattern: What's Next?<blockquote>FuboTV 看起来将摆脱长期模式：下一步是什么？</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFuboTV Looks Set To Break Out From Long-Term Pattern: What's Next?<blockquote>FuboTV 看起来将摆脱长期模式：下一步是什么？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Benzinga</strong><span class=\"h-time small\">2021-08-10 23:18</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> FuboTV(NYSE:FUBO) is set to print its earnings after the closing bell on Tuesday. When the sports-focused streaming company reported its first-quarter earnings beat, it raised guidance for the second ...</p><p><blockquote><div>FuboTV（纽约证券交易所股票代码：FUBO）将于周二收盘后发布财报。当这家专注于体育的流媒体公司报告第一季度盈利时，它提高了第二季度的指引……</div></blockquote></p><p>  <a href=\"https://www.benzinga.com/trading-ideas/long-ideas/21/08/22421934/fubotv-looks-set-to-break-out-from-long-term-pattern-whats-next\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.benzinga.com/trading-ideas/long-ideas/21/08/22421934/fubotv-looks-set-to-break-out-from-long-term-pattern-whats-next\">网页连接</a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.benzinga.com/trading-ideas/long-ideas/21/08/22421934/fubotv-looks-set-to-break-out-from-long-term-pattern-whats-next\">Benzinga</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"FUBO":"fuboTV Inc."},"source_url":"https://www.benzinga.com/trading-ideas/long-ideas/21/08/22421934/fubotv-looks-set-to-break-out-from-long-term-pattern-whats-next","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1182215080","content_text":"FuboTV(NYSE:FUBO) is set to print its earnings after the closing bell on Tuesday. When the sports-focused streaming company reported its first-quarter earnings beat, it raised guidance for the second quarter and full fiscal year.\nThe company raised its second-quarterguidanceto $120 million to $122 million, ahead of the consensus estimate of $98.4 million. FuboTV sees subscribers for the year coming in between $830,000 and $850,000, which would represent a 53% year-over-year growth at the midpoint.\nTraders and investors may get an update on whether fuboTV is still on schedule to launch itssports bettingapp by the end of fiscal 2021. In March, the company said it plans to launch free-to-play games in the third quarter followed by sports betting in the fourth quarter.\nThe FuboTV Chart:FuboTV is trading down about 55% from its Dec. 22, 2020 high of $62.29. The stock has failed to gain any traction for a large move back toward the $62 level and fuboTV’s daily trading range has decreased due to low volume.\nSince making the new high, fuboTV has settled into a large falling wedge pattern with a distinct upper descending trendline. The stock has attempted to break up from the trendline on five separate occasions including on Monday and failed. Monday’s volume was high, however, indicating continued momentum may be in the cards for Tuesday.\nOn Monday, FuboTV printed a bullish Marubozu candlestick with a small upper wick at the descending trendline, which indicates fuboTV may be ready to make a break north.\nFuboTV is trading above the eight-day and 21-day exponential moving averages (EMAs) but the eight-day EMA is trending below the 21-day, which indicates bullish indecision. The stock is trading slightly below the 200-day simple moving average (SMA), which indicates overall sentiment is bearish.\nOn Monday, fuboTV tried to regain the 200-day SMA as support but rejected and wicked from it. The 200-day aligns with the upper descending trendline resistance which makes the area harder to break through.\n\nBulls want big bullish volume to come in and drive fuboTV up through the top of the following channel and for the stock to close the day over the 200-day SMA. If fuboTV’s stock can clear the $28.45 level, it has room to move up toward $31.53.\nBears want to see the stock continue to reject its upper resistances and for bearish volume to come in and drive fuboTV down toward the $26 level. If fuboTV’s stock was unable to hold the level as support, it could fall toward the $22.37 mark before potentially bouncing.","news_type":1,"symbols_score_info":{"FUBO":0.9}},"isVote":1,"tweetType":1,"viewCount":2528,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":898608132,"gmtCreate":1628489143426,"gmtModify":1631889822690,"author":{"id":"3576420733683738","authorId":"3576420733683738","name":"markkk","avatar":"https://static.tigerbbs.com/df42d8e8fb0e4c7a09fcf6592b170a1e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576420733683738","authorIdStr":"3576420733683738"},"themes":[],"title":"","htmlText":"nice","listText":"nice","text":"nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/898608132","repostId":"1117756865","repostType":4,"repost":{"id":"1117756865","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga Earnings","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1628485462,"share":"https://www.laohunote.com/m/news/1117756865?lang=zh_CN&edition=full","pubTime":"2021-08-09 13:04","market":"us","language":"en","title":"Apple Needs To Cut Apple TV Prices Or Cull The Beleaguered Living Room Gadget: Gurman<blockquote>美食家：苹果需要降低苹果电视价格或淘汰陷入困境的客厅小工具</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1117756865","media":"Benzinga Earnings","summary":"Apple needs to cut the prices of Apple TV or send it the way of other retired products like iPod HiF","content":"<p><b><a href=\"https://laohu8.com/S/AAPL\">Apple</a> </b>needs to cut the prices of&nbsp;<b>Apple TV</b>&nbsp;or send it the way of other retired products like iPod HiFi and the high-end version of its HomePod speakers, wrote&nbsp;<b>Mark Gurman</b>&nbsp;in the latest edition of his newsletter.</p><p><blockquote><b><a href=\"https://laohu8.com/S/AAPL\">苹果</a></b>需要降低价格<b>苹果电视台</b>或者像iPod HiFi和高端版本的HomePod扬声器那样，把它送到其他退役产品那样<b>马克·古尔曼</b>在他最新一期的时事通讯中。</blockquote></p><p> <b>What Happened:</b>&nbsp;Gurman noted the coming of the “age of streaming” and the abundance of services like those offered by&nbsp;<b><a href=\"https://laohu8.com/S/NFLX\">Netflix</a></b>,<b>&nbsp;<a href=\"https://laohu8.com/S/AMZN\">Amazon.com</a></b>,<b> </b>and&nbsp;<b>Hulu</b>.</p><p><blockquote><b>发生了什么：</b>古尔曼指出 “流媒体时代 ”的到来，以及像这样的服务的大量涌现。<b><a href=\"https://laohu8.com/S/NFLX\">网飞</a></b>,<b> <a href=\"https://laohu8.com/S/AMZN\">亚马逊</a></b>,<b></b>和<b>上游</b>.</blockquote></p><p> This, according to Gurman, has made Apple TV a largely “pointless accessory.” The analyst buttressed his point by sharing 2020 data from Strategy Analytics that found that Apple TV only held 2% of the streaming device market.</p><p><blockquote>古尔曼认为，这使得苹果电视在很大程度上成了 “毫无意义的配件”。这位分析师通过分享Strategy Analytics 2020年的数据来支持他的观点，该数据发现苹果电视仅占据流媒体设备市场2%的份额。</blockquote></p><p> “One idea for keeping the Apple TV relevant would be to bundle an Apple TV+ subscription indefinitely at no additional charge,” wrote Gurman.</p><p><blockquote>“古尔曼写道：”保持苹果电视相关性的一个想法是无限期捆绑苹果 TV+ 订阅，无需额外付费。</blockquote></p><p> Gurman’s other ideas include cutting the price of the box or turning it into a 4K capable “stick.”</p><p><blockquote>古尔曼的其他想法还包括降低盒子的价格，或者把它变成一个支持 4K 的 “棒”。</blockquote></p><p> <b>Why It Matters:</b>&nbsp;Gurman’s suggestions are unlikely to come to fruition anytime soon. He said that Apple engineers have told him that the iPhone maker “doesn’t have a strong living room hardware strategy and that there isn’t much internal optimism.”</p><p><blockquote><b>为什么重要：</b>古尔曼的建议不太可能在短期内实现。他说，苹果的工程师告诉他，这家 iPhone 制造商 “没有强有力的客厅硬件战略，内部也没有多少乐观情绪”。</blockquote></p><p> In the latest newsletter, Gurman noted that the Apple TV had gone through more “interface overhauls” compared with any other Apple products and “despite nearly 15 years of attempts, Apple hasn’t created anything close to a market leader.”</p><p><blockquote>在最新的通讯中，古尔曼指出，与苹果的任何其他产品相比，苹果电视经历了更多的 “界面大修”，“尽管经过了近 15 年的尝试，苹果还没有创造出任何接近市场领导者的产品”。</blockquote></p><p> The Bloomberg Journalist contributed to 9&nbsp;to&nbsp;5&nbsp;Mac for over six years and isregardedas an authority on the&nbsp;<b>Tim Cook</b>-led company.</p><p><blockquote>这位彭博社记者在六年多的时间里为 9 至 5 Mac 撰稿，并被认为是该领域的权威。<b>蒂姆·库克</b>-领导公司。</blockquote></p><p> Appleunveiled the next generationof its 4K box containing an A12 Bionic chip in April this year. The device comes with a new&nbsp;<b>Siri Remote,</b>which features clickpad and touch controls.</p><p><blockquote>今年4月，苹果推出了包含A12仿生芯片的下一代4K盒子。该设备带有一个新的<b>遥控系列，</b>它具有点击板和触摸控制。</blockquote></p><p> <b>Price Action:</b>&nbsp;On Friday, Apple shares closed nearly 0.5% lower at $146.14 in the regular session and fell 0.12% in the after-hours trading.</p><p><blockquote><b>价格行为：</b>周五，苹果股价在常规交易时段收盘下跌近0.5%，至146.14美元，在盘后交易中下跌0.12%。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple Needs To Cut Apple TV Prices Or Cull The Beleaguered Living Room Gadget: Gurman<blockquote>美食家：苹果需要降低苹果电视价格或淘汰陷入困境的客厅小工具</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple Needs To Cut Apple TV Prices Or Cull The Beleaguered Living Room Gadget: Gurman<blockquote>美食家：苹果需要降低苹果电视价格或淘汰陷入困境的客厅小工具</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 Earnings </p>\n<p class=\"h-time smaller\">2021-08-09 13:04</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p><b><a href=\"https://laohu8.com/S/AAPL\">Apple</a> </b>needs to cut the prices of&nbsp;<b>Apple TV</b>&nbsp;or send it the way of other retired products like iPod HiFi and the high-end version of its HomePod speakers, wrote&nbsp;<b>Mark Gurman</b>&nbsp;in the latest edition of his newsletter.</p><p><blockquote><b><a href=\"https://laohu8.com/S/AAPL\">苹果</a></b>需要降低价格<b>苹果电视台</b>或者像iPod HiFi和高端版本的HomePod扬声器那样，把它送到其他退役产品那样<b>马克·古尔曼</b>在他最新一期的时事通讯中。</blockquote></p><p> <b>What Happened:</b>&nbsp;Gurman noted the coming of the “age of streaming” and the abundance of services like those offered by&nbsp;<b><a href=\"https://laohu8.com/S/NFLX\">Netflix</a></b>,<b>&nbsp;<a href=\"https://laohu8.com/S/AMZN\">Amazon.com</a></b>,<b> </b>and&nbsp;<b>Hulu</b>.</p><p><blockquote><b>发生了什么：</b>古尔曼指出 “流媒体时代 ”的到来，以及像这样的服务的大量涌现。<b><a href=\"https://laohu8.com/S/NFLX\">网飞</a></b>,<b> <a href=\"https://laohu8.com/S/AMZN\">亚马逊</a></b>,<b></b>和<b>上游</b>.</blockquote></p><p> This, according to Gurman, has made Apple TV a largely “pointless accessory.” The analyst buttressed his point by sharing 2020 data from Strategy Analytics that found that Apple TV only held 2% of the streaming device market.</p><p><blockquote>古尔曼认为，这使得苹果电视在很大程度上成了 “毫无意义的配件”。这位分析师通过分享Strategy Analytics 2020年的数据来支持他的观点，该数据发现苹果电视仅占据流媒体设备市场2%的份额。</blockquote></p><p> “One idea for keeping the Apple TV relevant would be to bundle an Apple TV+ subscription indefinitely at no additional charge,” wrote Gurman.</p><p><blockquote>“古尔曼写道：”保持苹果电视相关性的一个想法是无限期捆绑苹果 TV+ 订阅，无需额外付费。</blockquote></p><p> Gurman’s other ideas include cutting the price of the box or turning it into a 4K capable “stick.”</p><p><blockquote>古尔曼的其他想法还包括降低盒子的价格，或者把它变成一个支持 4K 的 “棒”。</blockquote></p><p> <b>Why It Matters:</b>&nbsp;Gurman’s suggestions are unlikely to come to fruition anytime soon. He said that Apple engineers have told him that the iPhone maker “doesn’t have a strong living room hardware strategy and that there isn’t much internal optimism.”</p><p><blockquote><b>为什么重要：</b>古尔曼的建议不太可能在短期内实现。他说，苹果的工程师告诉他，这家 iPhone 制造商 “没有强有力的客厅硬件战略，内部也没有多少乐观情绪”。</blockquote></p><p> In the latest newsletter, Gurman noted that the Apple TV had gone through more “interface overhauls” compared with any other Apple products and “despite nearly 15 years of attempts, Apple hasn’t created anything close to a market leader.”</p><p><blockquote>在最新的通讯中，古尔曼指出，与苹果的任何其他产品相比，苹果电视经历了更多的 “界面大修”，“尽管经过了近 15 年的尝试，苹果还没有创造出任何接近市场领导者的产品”。</blockquote></p><p> The Bloomberg Journalist contributed to 9&nbsp;to&nbsp;5&nbsp;Mac for over six years and isregardedas an authority on the&nbsp;<b>Tim Cook</b>-led company.</p><p><blockquote>这位彭博社记者在六年多的时间里为 9 至 5 Mac 撰稿，并被认为是该领域的权威。<b>蒂姆·库克</b>-领导公司。</blockquote></p><p> Appleunveiled the next generationof its 4K box containing an A12 Bionic chip in April this year. The device comes with a new&nbsp;<b>Siri Remote,</b>which features clickpad and touch controls.</p><p><blockquote>今年4月，苹果推出了包含A12仿生芯片的下一代4K盒子。该设备带有一个新的<b>遥控系列，</b>它具有点击板和触摸控制。</blockquote></p><p> <b>Price Action:</b>&nbsp;On Friday, Apple shares closed nearly 0.5% lower at $146.14 in the regular session and fell 0.12% in the after-hours trading.</p><p><blockquote><b>价格行为：</b>周五，苹果股价在常规交易时段收盘下跌近0.5%，至146.14美元，在盘后交易中下跌0.12%。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1117756865","content_text":"Apple needs to cut the prices of Apple TV or send it the way of other retired products like iPod HiFi and the high-end version of its HomePod speakers, wrote Mark Gurman in the latest edition of his newsletter.\nWhat Happened: Gurman noted the coming of the “age of streaming” and the abundance of services like those offered by Netflix, Amazon.com, and Hulu.\nThis, according to Gurman, has made Apple TV a largely “pointless accessory.” The analyst buttressed his point by sharing 2020 data from Strategy Analytics that found that Apple TV only held 2% of the streaming device market.\n“One idea for keeping the Apple TV relevant would be to bundle an Apple TV+ subscription indefinitely at no additional charge,” wrote Gurman.\nGurman’s other ideas include cutting the price of the box or turning it into a 4K capable “stick.”\nWhy It Matters: Gurman’s suggestions are unlikely to come to fruition anytime soon. He said that Apple engineers have told him that the iPhone maker “doesn’t have a strong living room hardware strategy and that there isn’t much internal optimism.”\nIn the latest newsletter, Gurman noted that the Apple TV had gone through more “interface overhauls” compared with any other Apple products and “despite nearly 15 years of attempts, Apple hasn’t created anything close to a market leader.”\nThe Bloomberg Journalist contributed to 9 to 5 Mac for over six years and isregardedas an authority on the Tim Cook-led company.\nAppleunveiled the next generationof its 4K box containing an A12 Bionic chip in April this year. The device comes with a new Siri Remote,which features clickpad and touch controls.\nPrice Action: On Friday, Apple shares closed nearly 0.5% lower at $146.14 in the regular session and fell 0.12% in the after-hours trading.","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":3178,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":891465937,"gmtCreate":1628413304429,"gmtModify":1631889822699,"author":{"id":"3576420733683738","authorId":"3576420733683738","name":"markkk","avatar":"https://static.tigerbbs.com/df42d8e8fb0e4c7a09fcf6592b170a1e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576420733683738","authorIdStr":"3576420733683738"},"themes":[],"title":"","htmlText":"moi","listText":"moi","text":"moi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/891465937","repostId":"2157901414","repostType":4,"isVote":1,"tweetType":1,"viewCount":2650,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":891165824,"gmtCreate":1628350897768,"gmtModify":1633751508150,"author":{"id":"3576420733683738","authorId":"3576420733683738","name":"markkk","avatar":"https://static.tigerbbs.com/df42d8e8fb0e4c7a09fcf6592b170a1e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576420733683738","authorIdStr":"3576420733683738"},"themes":[],"title":"","htmlText":"nicr","listText":"nicr","text":"nicr","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/891165824","repostId":"2157492839","repostType":4,"isVote":1,"tweetType":1,"viewCount":1086,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":893269692,"gmtCreate":1628265020816,"gmtModify":1633752096350,"author":{"id":"3576420733683738","authorId":"3576420733683738","name":"markkk","avatar":"https://static.tigerbbs.com/df42d8e8fb0e4c7a09fcf6592b170a1e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576420733683738","authorIdStr":"3576420733683738"},"themes":[],"title":"","htmlText":"nice","listText":"nice","text":"nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/893269692","repostId":"1110501028","repostType":4,"repost":{"id":"1110501028","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":1628260468,"share":"https://www.laohunote.com/m/news/1110501028?lang=zh_CN&edition=full","pubTime":"2021-08-06 22:34","market":"us","language":"en","title":"Tencent sued by the Haidian District Procuratorate<blockquote>腾讯控股被海淀区检察院起诉</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1110501028","media":"Tiger Newspress","summary":"(Aug 6) Tencent sued by the Haidian District Procuratorate.","content":"<p>(Aug 6)&nbsp;Tencent sued by the Haidian District Procuratorate.</p><p><blockquote>（8月6日）腾讯控股被海淀区检察院起诉。</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>Tencent sued by the Haidian District Procuratorate<blockquote>腾讯控股被海淀区检察院起诉</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\">\nTencent sued by the Haidian District Procuratorate<blockquote>腾讯控股被海淀区检察院起诉</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\">2021-08-06 22:34</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>(Aug 6)&nbsp;Tencent sued by the Haidian District Procuratorate.</p><p><blockquote>（8月6日）腾讯控股被海淀区检察院起诉。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"00700":"腾讯控股","TCEHY":"腾讯控股ADR"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1110501028","content_text":"(Aug 6) Tencent sued by the Haidian District Procuratorate.","news_type":1,"symbols_score_info":{"00700":0.9,"TCEHY":0.9}},"isVote":1,"tweetType":1,"viewCount":1401,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":807427785,"gmtCreate":1628052078347,"gmtModify":1633754009569,"author":{"id":"3576420733683738","authorId":"3576420733683738","name":"markkk","avatar":"https://static.tigerbbs.com/df42d8e8fb0e4c7a09fcf6592b170a1e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576420733683738","authorIdStr":"3576420733683738"},"themes":[],"title":"","htmlText":"kie","listText":"kie","text":"kie","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/807427785","repostId":"1180553743","repostType":4,"repost":{"id":"1180553743","kind":"news","pubTimestamp":1628047202,"share":"https://www.laohunote.com/m/news/1180553743?lang=zh_CN&edition=full","pubTime":"2021-08-04 11:20","market":"us","language":"en","title":"Why Defensive Stocks Might not Protect You Against a Stock Market Crash<blockquote>为什么防御性股票可能无法保护您免受股市崩盘的影响</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1180553743","media":"The Motley Fool","summary":"Markets were mixed on Tuesday, but one notable stalwart took a big hit to its share price.\nKey Point","content":"<p><i><b>Markets were mixed on Tuesday, but one notable stalwart took a big hit to its share price.</b></i></p><p><blockquote><i><b>周二市场涨跌互现，但一家著名的中坚力量对其股价造成了沉重打击。</b></i></blockquote></p><p> <b>Key Points</b></p><p><blockquote><b>要点</b></blockquote></p><p> <ul>  <li>Stocks were mixed on Tuesday morning.</li>  <li>One stock in a traditionally defensive area of the market saw a big decline following earnings.</li>  <li>Heightened valuations can make even defensive stocks risky.</li> </ul> Investors have been on edge lately, and it showed in Tuesday morning's stock market action. Wall Street clawed back some of its early losses, but major indexes remained mixed as market participants tried to balance worries about the pandemic against signs of continuing economic growth. As of 11:30 a.m. EDT today, the&nbsp;<b>Dow Jones Industrial Average</b>(DJINDICES:^DJI)&nbsp;was up 58 points to 34,897. However, the&nbsp;<b>S&amp;P 500</b>(SNPINDEX:^GSPC)&nbsp;had eased lower by 3 points to 4,384, and the&nbsp;<a href=\"https://laohu8.com/S/.IXIC\">NASDAQ</a> fell 89 points to 14,592.</p><p><blockquote><ul><li>周二上午股市涨跌互现。</li><li>市场传统防御性区域的一只股票在财报公布后大幅下跌。</li><li>估值升高甚至会使防御性股票面临风险。</li></ul>投资者最近一直很紧张，周二上午的股市走势就证明了这一点。华尔街收复了部分早期跌幅，但主要股指仍然涨跌互现，市场参与者试图平衡对疫情的担忧与经济持续增长的迹象。截至美国东部时间今天上午 11:30，<b>道琼斯工业指数</b>(DJINDICES:^DJI) 上涨 58 点至 34,897 点。然而，<b>标普500</b>（SNPINDEX:^GSPC）下降3点至4,384，<a href=\"https://laohu8.com/S/.IXIC\">纳斯达克</a>下跌89点至14,592点。</blockquote></p><p> In times of uncertainty, many investors turn to defensive stocks in areas like&nbsp;consumer staples. But with large numbers of shareholders all seeking the same protection against a stock market crash, valuations on defensive stocks can rise to a point at which they're just as vulnerable to disappointments as any other stock.</p><p><blockquote>在不确定时期，许多投资者转向必需消费品等领域的防御性股票。但随着大量股东都在寻求同样的保护来抵御股市崩盘，防御性股票的估值可能会上升到与任何其他股票一样容易受到失望的程度。</blockquote></p><p> That's what investors in&nbsp;<a href=\"https://laohu8.com/S/CLX\">Clorox</a> found out today, and it's a good warning for any investors who are overly reliant on the purportedly crash-proof reputation that defensive stocks have.</p><p><blockquote>这就是投资者<a href=\"https://laohu8.com/S/CLX\">高乐氏</a>今天发现了这一点，这对于任何过度依赖防御性股票所谓的防崩盘声誉的投资者来说都是一个很好的警告。</blockquote></p><p> <h3><b>Clorox can't clean up</b></h3> Shares of Clorox were lower by more than 11% Tuesday morning. The maker of bleach and other household cleaning products wasn't able to reassure its investors that it will be able to&nbsp;sustain the massive growth&nbsp;it has enjoyed over the past year.</p><p><blockquote><h3><b>高乐氏无法清理</b></h3>周二上午，高乐氏股价下跌超过 11%。这家漂白剂和其他家用清洁产品制造商无法向投资者保证，它将能够维持过去一年的大幅增长。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/bc08be95827a03674b6a41470c365f9b\" tg-width=\"700\" tg-height=\"396\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">IMAGE SOURCE: GETTY IMAGES.</p><p><blockquote>图片来源：盖蒂图片社。</blockquote></p><p> Clorox's numbers for its fiscal fourth quarter, which ended June 30, were downright ugly. Revenue fell 9% from year-ago levels, and adjusted earnings plunged 61% year over year to $0.95 per share. Organic sales dropped 10%.</p><p><blockquote>高乐氏截至 6 月 30 日的第四财季数据非常糟糕。收入较去年同期下降 9%，调整后收益同比暴跌 61%，至每股 0.95 美元。有机销售额下降了10%。</blockquote></p><p> Clorox saw pressure across its business. The health and wellness segment suffered a 17% sales decrease, while lifestyle product sales dropped 3%. The bright spot was a 5% rise in international revenue, although segment sales would have declined were it not for an acquisition.</p><p><blockquote>高乐氏看到了整个业务的压力。健康和保健部门的销售额下降了17%，而生活方式产品的销售额下降了3%。亮点是国际收入增长了 5%，尽管如果没有收购，部门销售额可能会下降。</blockquote></p><p> The company blamed the downturn largely on decelerated demand for products compared to the&nbsp;worst parts of the pandemic. Clorox emphasized that when you go back two years to try to take out the pandemic's impact, sales were up 13% over the longer period. Nevertheless, higher commodity costs wiped out savings from company efficiency efforts, weighing on the bottom line.</p><p><blockquote>该公司将经济下滑主要归咎于与疫情最严重时期相比产品需求放缓。高乐氏强调，当你回顾两年试图消除疫情的影响时，销售额在较长时期内增长了 13%。然而，较高的商品成本抹去了公司提高效率的节省，拖累了利润。</blockquote></p><p> Even worse, Clorox expects tough times to continue. It projected a 2% to 6% drop in revenue for fiscal 2022, with adjusted EPS of $5.40 to $5.70 for the full year representing a decrease of more than 20% from the just-ended 2021 fiscal year. Higher commodity costs are seen continuing, dealing a blow of about 3 to 4 percentage points to gross margin.</p><p><blockquote>更糟糕的是，高乐氏预计艰难时期将持续下去。该公司预计 2022 财年收入将下降 2% 至 6%，全年调整后每股收益为 5.40 美元至 5.70 美元，较刚刚结束的 2021 财年下降 20% 以上。大宗商品成本持续上涨，对毛利率造成约3至4个百分点的打击。</blockquote></p><p> <h3><b>The price of protection</b></h3> With today's drop, shares of Clorox are now down by nearly a third from their highest levels about a year ago. That's a massive decline, especially given that the broader market has actually performed quite well over the same period.</p><p><blockquote><h3><b>保护的价格</b></h3>随着今天的下跌，高乐氏的股价现在比大约一年前的最高水平下跌了近三分之一。这是一个巨大的下降，特别是考虑到大盘实际上在同一时期表现相当不错。</blockquote></p><p> Yet when you look at longer-term trends, you can see the heights to which defensive investors were willing to bid up Clorox's stock. In just eight months in late 2019 and early 2020, shares soared almost 60%, lifted largely on hopes that the stock would help provide protection from a bear market. To be fair, that strategy was successful in avoiding the downturn in stocks in February and March of 2020, but as it turned out, declines got pushed forward rather than being eliminated completely.</p><p><blockquote>然而，当你观察长期趋势时，你可以看到防御性投资者愿意买入高乐氏股票的高度。在 2019 年底和 2020 年初的短短八个月内，股价飙升近 60%，这主要得益于人们对该股将有助于抵御熊市的希望。公平地说，这一策略成功避免了 2020 年 2 月和 3 月的股市下跌，但事实证明，下跌被推迟，而不是完全消除。</blockquote></p><p> No stock is a sure thing, and even companies with reputations for being smart defensive plays aren't always effective. Clorox's losses today show that even stocks that appear safe can see big losses, and investors have to be prepared for whatever may come -- including a crash in which Clorox and other defensive stocks drop along with the overall market.</p><p><blockquote>没有股票是确定的，即使是以聪明防守而闻名的公司也不总是有效的。高乐氏今天的亏损表明，即使是看似安全的股票也可能出现巨大损失，投资者必须为可能发生的任何事情做好准备——包括高乐氏和其他防御性股票与整体市场一起下跌的崩盘。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Defensive Stocks Might not Protect You Against a Stock Market Crash<blockquote>为什么防御性股票可能无法保护您免受股市崩盘的影响</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Defensive Stocks Might not Protect You Against a Stock Market Crash<blockquote>为什么防御性股票可能无法保护您免受股市崩盘的影响</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">The Motley Fool</strong><span class=\"h-time small\">2021-08-04 11:20</span>\n</p>\n</h4>\n</header>\n<article>\n<p><i><b>Markets were mixed on Tuesday, but one notable stalwart took a big hit to its share price.</b></i></p><p><blockquote><i><b>周二市场涨跌互现，但一家著名的中坚力量对其股价造成了沉重打击。</b></i></blockquote></p><p> <b>Key Points</b></p><p><blockquote><b>要点</b></blockquote></p><p> <ul>  <li>Stocks were mixed on Tuesday morning.</li>  <li>One stock in a traditionally defensive area of the market saw a big decline following earnings.</li>  <li>Heightened valuations can make even defensive stocks risky.</li> </ul> Investors have been on edge lately, and it showed in Tuesday morning's stock market action. Wall Street clawed back some of its early losses, but major indexes remained mixed as market participants tried to balance worries about the pandemic against signs of continuing economic growth. As of 11:30 a.m. EDT today, the&nbsp;<b>Dow Jones Industrial Average</b>(DJINDICES:^DJI)&nbsp;was up 58 points to 34,897. However, the&nbsp;<b>S&amp;P 500</b>(SNPINDEX:^GSPC)&nbsp;had eased lower by 3 points to 4,384, and the&nbsp;<a href=\"https://laohu8.com/S/.IXIC\">NASDAQ</a> fell 89 points to 14,592.</p><p><blockquote><ul><li>周二上午股市涨跌互现。</li><li>市场传统防御性区域的一只股票在财报公布后大幅下跌。</li><li>估值升高甚至会使防御性股票面临风险。</li></ul>投资者最近一直很紧张，周二上午的股市走势就证明了这一点。华尔街收复了部分早期跌幅，但主要股指仍然涨跌互现，市场参与者试图平衡对疫情的担忧与经济持续增长的迹象。截至美国东部时间今天上午 11:30，<b>道琼斯工业指数</b>(DJINDICES:^DJI) 上涨 58 点至 34,897 点。然而，<b>标普500</b>（SNPINDEX:^GSPC）下降3点至4,384，<a href=\"https://laohu8.com/S/.IXIC\">纳斯达克</a>下跌89点至14,592点。</blockquote></p><p> In times of uncertainty, many investors turn to defensive stocks in areas like&nbsp;consumer staples. But with large numbers of shareholders all seeking the same protection against a stock market crash, valuations on defensive stocks can rise to a point at which they're just as vulnerable to disappointments as any other stock.</p><p><blockquote>在不确定时期，许多投资者转向必需消费品等领域的防御性股票。但随着大量股东都在寻求同样的保护来抵御股市崩盘，防御性股票的估值可能会上升到与任何其他股票一样容易受到失望的程度。</blockquote></p><p> That's what investors in&nbsp;<a href=\"https://laohu8.com/S/CLX\">Clorox</a> found out today, and it's a good warning for any investors who are overly reliant on the purportedly crash-proof reputation that defensive stocks have.</p><p><blockquote>这就是投资者<a href=\"https://laohu8.com/S/CLX\">高乐氏</a>今天发现了这一点，这对于任何过度依赖防御性股票所谓的防崩盘声誉的投资者来说都是一个很好的警告。</blockquote></p><p> <h3><b>Clorox can't clean up</b></h3> Shares of Clorox were lower by more than 11% Tuesday morning. The maker of bleach and other household cleaning products wasn't able to reassure its investors that it will be able to&nbsp;sustain the massive growth&nbsp;it has enjoyed over the past year.</p><p><blockquote><h3><b>高乐氏无法清理</b></h3>周二上午，高乐氏股价下跌超过 11%。这家漂白剂和其他家用清洁产品制造商无法向投资者保证，它将能够维持过去一年的大幅增长。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/bc08be95827a03674b6a41470c365f9b\" tg-width=\"700\" tg-height=\"396\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">IMAGE SOURCE: GETTY IMAGES.</p><p><blockquote>图片来源：盖蒂图片社。</blockquote></p><p> Clorox's numbers for its fiscal fourth quarter, which ended June 30, were downright ugly. Revenue fell 9% from year-ago levels, and adjusted earnings plunged 61% year over year to $0.95 per share. Organic sales dropped 10%.</p><p><blockquote>高乐氏截至 6 月 30 日的第四财季数据非常糟糕。收入较去年同期下降 9%，调整后收益同比暴跌 61%，至每股 0.95 美元。有机销售额下降了10%。</blockquote></p><p> Clorox saw pressure across its business. The health and wellness segment suffered a 17% sales decrease, while lifestyle product sales dropped 3%. The bright spot was a 5% rise in international revenue, although segment sales would have declined were it not for an acquisition.</p><p><blockquote>高乐氏看到了整个业务的压力。健康和保健部门的销售额下降了17%，而生活方式产品的销售额下降了3%。亮点是国际收入增长了 5%，尽管如果没有收购，部门销售额可能会下降。</blockquote></p><p> The company blamed the downturn largely on decelerated demand for products compared to the&nbsp;worst parts of the pandemic. Clorox emphasized that when you go back two years to try to take out the pandemic's impact, sales were up 13% over the longer period. Nevertheless, higher commodity costs wiped out savings from company efficiency efforts, weighing on the bottom line.</p><p><blockquote>该公司将经济下滑主要归咎于与疫情最严重时期相比产品需求放缓。高乐氏强调，当你回顾两年试图消除疫情的影响时，销售额在较长时期内增长了 13%。然而，较高的商品成本抹去了公司提高效率的节省，拖累了利润。</blockquote></p><p> Even worse, Clorox expects tough times to continue. It projected a 2% to 6% drop in revenue for fiscal 2022, with adjusted EPS of $5.40 to $5.70 for the full year representing a decrease of more than 20% from the just-ended 2021 fiscal year. Higher commodity costs are seen continuing, dealing a blow of about 3 to 4 percentage points to gross margin.</p><p><blockquote>更糟糕的是，高乐氏预计艰难时期将持续下去。该公司预计 2022 财年收入将下降 2% 至 6%，全年调整后每股收益为 5.40 美元至 5.70 美元，较刚刚结束的 2021 财年下降 20% 以上。大宗商品成本持续上涨，对毛利率造成约3至4个百分点的打击。</blockquote></p><p> <h3><b>The price of protection</b></h3> With today's drop, shares of Clorox are now down by nearly a third from their highest levels about a year ago. That's a massive decline, especially given that the broader market has actually performed quite well over the same period.</p><p><blockquote><h3><b>保护的价格</b></h3>随着今天的下跌，高乐氏的股价现在比大约一年前的最高水平下跌了近三分之一。这是一个巨大的下降，特别是考虑到大盘实际上在同一时期表现相当不错。</blockquote></p><p> Yet when you look at longer-term trends, you can see the heights to which defensive investors were willing to bid up Clorox's stock. In just eight months in late 2019 and early 2020, shares soared almost 60%, lifted largely on hopes that the stock would help provide protection from a bear market. To be fair, that strategy was successful in avoiding the downturn in stocks in February and March of 2020, but as it turned out, declines got pushed forward rather than being eliminated completely.</p><p><blockquote>然而，当你观察长期趋势时，你可以看到防御性投资者愿意买入高乐氏股票的高度。在 2019 年底和 2020 年初的短短八个月内，股价飙升近 60%，这主要得益于人们对该股将有助于抵御熊市的希望。公平地说，这一策略成功避免了 2020 年 2 月和 3 月的股市下跌，但事实证明，下跌被推迟，而不是完全消除。</blockquote></p><p> No stock is a sure thing, and even companies with reputations for being smart defensive plays aren't always effective. Clorox's losses today show that even stocks that appear safe can see big losses, and investors have to be prepared for whatever may come -- including a crash in which Clorox and other defensive stocks drop along with the overall market.</p><p><blockquote>没有股票是确定的，即使是以聪明防守而闻名的公司也不总是有效的。高乐氏今天的亏损表明，即使是看似安全的股票也可能出现巨大损失，投资者必须为可能发生的任何事情做好准备——包括高乐氏和其他防御性股票与整体市场一起下跌的崩盘。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/08/03/defensive-stocks-might-not-protect-market-crash/\">The Motley Fool</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite","CLX":"高乐氏"},"source_url":"https://www.fool.com/investing/2021/08/03/defensive-stocks-might-not-protect-market-crash/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1180553743","content_text":"Markets were mixed on Tuesday, but one notable stalwart took a big hit to its share price.\nKey Points\n\nStocks were mixed on Tuesday morning.\nOne stock in a traditionally defensive area of the market saw a big decline following earnings.\nHeightened valuations can make even defensive stocks risky.\n\nInvestors have been on edge lately, and it showed in Tuesday morning's stock market action. Wall Street clawed back some of its early losses, but major indexes remained mixed as market participants tried to balance worries about the pandemic against signs of continuing economic growth. As of 11:30 a.m. EDT today, the Dow Jones Industrial Average(DJINDICES:^DJI) was up 58 points to 34,897. However, the S&P 500(SNPINDEX:^GSPC) had eased lower by 3 points to 4,384, and the NASDAQ fell 89 points to 14,592.\nIn times of uncertainty, many investors turn to defensive stocks in areas like consumer staples. But with large numbers of shareholders all seeking the same protection against a stock market crash, valuations on defensive stocks can rise to a point at which they're just as vulnerable to disappointments as any other stock.\nThat's what investors in Clorox found out today, and it's a good warning for any investors who are overly reliant on the purportedly crash-proof reputation that defensive stocks have.\nClorox can't clean up\nShares of Clorox were lower by more than 11% Tuesday morning. The maker of bleach and other household cleaning products wasn't able to reassure its investors that it will be able to sustain the massive growth it has enjoyed over the past year.\nIMAGE SOURCE: GETTY IMAGES.\nClorox's numbers for its fiscal fourth quarter, which ended June 30, were downright ugly. Revenue fell 9% from year-ago levels, and adjusted earnings plunged 61% year over year to $0.95 per share. Organic sales dropped 10%.\nClorox saw pressure across its business. The health and wellness segment suffered a 17% sales decrease, while lifestyle product sales dropped 3%. The bright spot was a 5% rise in international revenue, although segment sales would have declined were it not for an acquisition.\nThe company blamed the downturn largely on decelerated demand for products compared to the worst parts of the pandemic. Clorox emphasized that when you go back two years to try to take out the pandemic's impact, sales were up 13% over the longer period. Nevertheless, higher commodity costs wiped out savings from company efficiency efforts, weighing on the bottom line.\nEven worse, Clorox expects tough times to continue. It projected a 2% to 6% drop in revenue for fiscal 2022, with adjusted EPS of $5.40 to $5.70 for the full year representing a decrease of more than 20% from the just-ended 2021 fiscal year. Higher commodity costs are seen continuing, dealing a blow of about 3 to 4 percentage points to gross margin.\nThe price of protection\nWith today's drop, shares of Clorox are now down by nearly a third from their highest levels about a year ago. That's a massive decline, especially given that the broader market has actually performed quite well over the same period.\nYet when you look at longer-term trends, you can see the heights to which defensive investors were willing to bid up Clorox's stock. In just eight months in late 2019 and early 2020, shares soared almost 60%, lifted largely on hopes that the stock would help provide protection from a bear market. To be fair, that strategy was successful in avoiding the downturn in stocks in February and March of 2020, but as it turned out, declines got pushed forward rather than being eliminated completely.\nNo stock is a sure thing, and even companies with reputations for being smart defensive plays aren't always effective. Clorox's losses today show that even stocks that appear safe can see big losses, and investors have to be prepared for whatever may come -- including a crash in which Clorox and other defensive stocks drop along with the overall market.","news_type":1,"symbols_score_info":{".SPX":0.9,"CLX":0.9,".IXIC":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":1131,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":804890049,"gmtCreate":1627948603781,"gmtModify":1633755065958,"author":{"id":"3576420733683738","authorId":"3576420733683738","name":"markkk","avatar":"https://static.tigerbbs.com/df42d8e8fb0e4c7a09fcf6592b170a1e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576420733683738","authorIdStr":"3576420733683738"},"themes":[],"title":"","htmlText":"ni","listText":"ni","text":"ni","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/804890049","repostId":"2156511670","repostType":4,"isVote":1,"tweetType":1,"viewCount":1163,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":804954011,"gmtCreate":1627917744333,"gmtModify":1633755258189,"author":{"id":"3576420733683738","authorId":"3576420733683738","name":"markkk","avatar":"https://static.tigerbbs.com/df42d8e8fb0e4c7a09fcf6592b170a1e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576420733683738","authorIdStr":"3576420733683738"},"themes":[],"title":"","htmlText":"nice","listText":"nice","text":"nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/804954011","repostId":"1164080452","repostType":4,"repost":{"id":"1164080452","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":1627915085,"share":"https://www.laohunote.com/m/news/1164080452?lang=zh_CN&edition=full","pubTime":"2021-08-02 22:38","market":"us","language":"en","title":"Vaxart stock jumps over 8% after FDA clears IND for oral COVID-19 vaccine tablet<blockquote>FDA 批准口服 COVID-19 疫苗片剂 IND 后，Vaxart 股价上涨超过 8%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1164080452","media":"Tiger Newspress","summary":"(August 2) Vaxart, Inc stock jumps over 8% after FDA clears IND for oral COVID-19 vaccine tablet.\n\"T","content":"<p>(August 2)&nbsp;<b><a href=\"https://laohu8.com/S/VXRT\">Vaxart, Inc</a></b> stock jumps over&nbsp;8% after FDA clears IND for oral COVID-19 vaccine tablet.</p><p><blockquote>（8月2日）<b><a href=\"https://laohu8.com/S/VXRT\">瓦克萨特公司</a></b>FDA 批准口服 COVID-19 疫苗片剂 IND 后，股价上涨超过 8%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/c073642b8022d29863e3a55198482ab8\" tg-width=\"725\" tg-height=\"633\" referrerpolicy=\"no-referrer\">\"This is great news because it allows us to move forward with our first S-only vaccine construct.&nbsp;As we said at the end of the first quarter,&nbsp;we will explore multiple S-only constructs in clinical trials alongside the S+N construct that has already completed its Phase I trial,\"&nbsp;said&nbsp;<b>Andrei Floroiu</b>, CEO of Vaxart.</p><p><blockquote>“这是一个好消息，因为它使我们能够推进我们的第一个纯S疫苗构建体。正如我们在第一季度末所说，我们将在临床试验中探索多种纯S疫苗构建体，以及已经完成I期试验的S+N构建体，”他说<b>安德烈·弗洛罗尤</b>Vaxart 首席执行官。</blockquote></p><p> The Phase II clinical trial with the S-only construct is expected to start in the second half of 2021.</p><p><blockquote>仅S结构的II期临床试验预计将于2021年下半年开始。</blockquote></p><p> Vaxart Inc is a clinical-stage biotechnology company that focuses&nbsp;on the development of oral recombinant vaccines to protect against a wide range of infectious diseases.</p><p><blockquote>Vaxart Inc是一家临床阶段的生物技术公司，专注于开发口服重组疫苗，以预防多种传染病。</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>Vaxart stock jumps over 8% after FDA clears IND for oral COVID-19 vaccine tablet<blockquote>FDA 批准口服 COVID-19 疫苗片剂 IND 后，Vaxart 股价上涨超过 8%</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\">\nVaxart stock jumps over 8% after FDA clears IND for oral COVID-19 vaccine tablet<blockquote>FDA 批准口服 COVID-19 疫苗片剂 IND 后，Vaxart 股价上涨超过 8%</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\">2021-08-02 22:38</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>(August 2)&nbsp;<b><a href=\"https://laohu8.com/S/VXRT\">Vaxart, Inc</a></b> stock jumps over&nbsp;8% after FDA clears IND for oral COVID-19 vaccine tablet.</p><p><blockquote>（8月2日）<b><a href=\"https://laohu8.com/S/VXRT\">瓦克萨特公司</a></b>FDA 批准口服 COVID-19 疫苗片剂 IND 后，股价上涨超过 8%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/c073642b8022d29863e3a55198482ab8\" tg-width=\"725\" tg-height=\"633\" referrerpolicy=\"no-referrer\">\"This is great news because it allows us to move forward with our first S-only vaccine construct.&nbsp;As we said at the end of the first quarter,&nbsp;we will explore multiple S-only constructs in clinical trials alongside the S+N construct that has already completed its Phase I trial,\"&nbsp;said&nbsp;<b>Andrei Floroiu</b>, CEO of Vaxart.</p><p><blockquote>“这是一个好消息，因为它使我们能够推进我们的第一个纯S疫苗构建体。正如我们在第一季度末所说，我们将在临床试验中探索多种纯S疫苗构建体，以及已经完成I期试验的S+N构建体，”他说<b>安德烈·弗洛罗尤</b>Vaxart 首席执行官。</blockquote></p><p> The Phase II clinical trial with the S-only construct is expected to start in the second half of 2021.</p><p><blockquote>仅S结构的II期临床试验预计将于2021年下半年开始。</blockquote></p><p> Vaxart Inc is a clinical-stage biotechnology company that focuses&nbsp;on the development of oral recombinant vaccines to protect against a wide range of infectious diseases.</p><p><blockquote>Vaxart Inc是一家临床阶段的生物技术公司，专注于开发口服重组疫苗，以预防多种传染病。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"VXRT":"Vaxart, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1164080452","content_text":"(August 2) Vaxart, Inc stock jumps over 8% after FDA clears IND for oral COVID-19 vaccine tablet.\n\"This is great news because it allows us to move forward with our first S-only vaccine construct. As we said at the end of the first quarter, we will explore multiple S-only constructs in clinical trials alongside the S+N construct that has already completed its Phase I trial,\" said Andrei Floroiu, CEO of Vaxart.\nThe Phase II clinical trial with the S-only construct is expected to start in the second half of 2021.\nVaxart Inc is a clinical-stage biotechnology company that focuses on the development of oral recombinant vaccines to protect against a wide range of infectious diseases.","news_type":1,"symbols_score_info":{"VXRT":0.9}},"isVote":1,"tweetType":1,"viewCount":1069,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":802803732,"gmtCreate":1627743509326,"gmtModify":1633756693224,"author":{"id":"3576420733683738","authorId":"3576420733683738","name":"markkk","avatar":"https://static.tigerbbs.com/df42d8e8fb0e4c7a09fcf6592b170a1e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576420733683738","authorIdStr":"3576420733683738"},"themes":[],"title":"","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/802803732","repostId":"2155015426","repostType":4,"isVote":1,"tweetType":1,"viewCount":977,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":808557243,"gmtCreate":1627603429282,"gmtModify":1633757936663,"author":{"id":"3576420733683738","authorId":"3576420733683738","name":"markkk","avatar":"https://static.tigerbbs.com/df42d8e8fb0e4c7a09fcf6592b170a1e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576420733683738","authorIdStr":"3576420733683738"},"themes":[],"title":"","htmlText":"nice","listText":"nice","text":"nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/808557243","repostId":"1105519179","repostType":4,"isVote":1,"tweetType":1,"viewCount":1116,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":801671676,"gmtCreate":1627516789995,"gmtModify":1633764286460,"author":{"id":"3576420733683738","authorId":"3576420733683738","name":"markkk","avatar":"https://static.tigerbbs.com/df42d8e8fb0e4c7a09fcf6592b170a1e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576420733683738","authorIdStr":"3576420733683738"},"themes":[],"title":"","htmlText":"nice","listText":"nice","text":"nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/801671676","repostId":"2155697398","repostType":4,"isVote":1,"tweetType":1,"viewCount":947,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":809144610,"gmtCreate":1627354762030,"gmtModify":1633765783723,"author":{"id":"3576420733683738","authorId":"3576420733683738","name":"markkk","avatar":"https://static.tigerbbs.com/df42d8e8fb0e4c7a09fcf6592b170a1e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576420733683738","authorIdStr":"3576420733683738"},"themes":[],"title":"","htmlText":"nice","listText":"nice","text":"nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/809144610","repostId":"1162276557","repostType":4,"repost":{"id":"1162276557","kind":"news","pubTimestamp":1627354107,"share":"https://www.laohunote.com/m/news/1162276557?lang=zh_CN&edition=full","pubTime":"2021-07-27 10:48","market":"us","language":"en","title":"Stock Split Watch: Is Amazon Next?<blockquote>股票分割观察：亚马逊是下一个吗？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1162276557","media":"Motley Fool","summary":"Key Points\n\nAmazon reports earnings on Thursday, making that an ideal time to announce a stock split","content":"<p>Key Points</p><p><blockquote>要点</blockquote></p><p> <ul>  <li>Amazon reports earnings on Thursday, making that an ideal time to announce a stock split.</li>  <li>There are only three other U.S.-exchange-listed stocks trading at higher price points than Amazon.</li>  <li>This will be new CEO Andy Jassy's first earnings call as the e-commerce giant's helmsman. A stock split would be a great way to set himself apart from Jeffrey Bezos.</li> </ul> The chatter calling for&nbsp;<b>Amazon.com</b>&nbsp;(NASDAQ:AMZN)to execute a stock split is diminishing, but that's surprising. The stock continues to rise, making thearguments for a lower share pricevia a split all the more tantalizing.</p><p><blockquote><ul><li>亚马逊周四公布财报，这是宣布股票分割的理想时机。</li><li>只有另外三只在美国交易所上市的股票的交易价格高于亚马逊。</li><li>这将是新任首席执行官 Andy Jassy 作为这家电子商务巨头掌舵人的首次盈利看涨期权。股票分割将是让自己与杰弗里·贝佐斯区分开来的好方法。</li></ul>喋喋不休<b>亚马逊</b>（纳斯达克股票代码：AMZN）执行股票分割的可能性正在减少，但这令人惊讶。该股继续上涨，使得通过分拆降低股价的理由更加诱人。</blockquote></p><p> There are also a couple of good reasons why Amazon should announce a stock split as soon as later this week. You might think these bookkeeping moves are silly zero-sum games, and that's fair. However, a lot of other market watchers see an Amazon split as the key to attracting even more retail investors while also making life easier for options traders. Let's see why Amazon could be the next major stock to declare a stock split.</p><p><blockquote>亚马逊最早在本周晚些时候宣布股票分割也有几个很好的理由。你可能会认为这些记账动作是愚蠢的零和游戏，这是公平的。然而，许多其他市场观察人士认为，亚马逊分拆是吸引更多散户投资者的关键，同时也让期权交易者的生活更轻松。让我们看看为什么亚马逊可能成为下一只宣布股票分割的主要股票。</blockquote></p><p> <b>Amazon is rocking</b></p><p><blockquote><b>亚马逊正在摇摆</b></blockquote></p><p> It's good to be Amazon. The e-tail king was doing just fine before the pandemic shifted e-commerce into an even higher gear. The38% increase in net salesthat Amazon posted last year was its heartiest top-line gain in nine years.</p><p><blockquote>做亚马逊真好。在疫情将电子商务推向更高阶段之前，电子零售之王做得很好。亚马逊去年公布的净销售额增长38%，是其九年来最令人鼓舞的营收增长。</blockquote></p><p> Things aren't slowing down in 2021. Revenuesoared 44%during the first three months of this year.</p><p><blockquote>2021年事情不会放缓。今年前三个月收入飙升 44%。</blockquote></p><p> Investors are paying attention. Amazon held up better than most growth stocks during the correction earlier this year. It enters this trading week within 3% of the all-time high it hit two weeks ago.</p><p><blockquote>投资者正在关注。在今年早些时候的调整中，亚马逊的表现优于大多数成长型股票。进入本周交易时，该股距离两周前创下的历史高点不到 3%。</blockquote></p><p> There are only three U.S.-exchange-listed stocks trading at higher price points than the roughly $3,700 that Amazon is fetching as of Monday morning. Amazon's market cap is more than double those of the three higher-priced stocks combined. It's time for a stock split.</p><p><blockquote>截至周一上午，只有三只在美国交易所上市的股票的交易价格高于亚马逊的约 3,700 美元。亚马逊的市值是三只高价股票总和的两倍多。是时候进行股票分割了。</blockquote></p><p> <b>The clock is rolling</b></p><p><blockquote><b>时钟在流动</b></blockquote></p><p> Amazon reports its second-quarter results after market close on Thursday. Stock splits are often announced during an earnings release, whether the report itself is positive or negative.</p><p><blockquote>亚马逊周四收盘后公布第二季度业绩。股票分割通常在财报发布期间宣布，无论报告本身是正面的还是负面的。</blockquote></p><p> Adding to the likelihood of a stock split is that CEO Jeff Bezos officially stepped down as CEO earlier this month. If new CEO Andy Jassy wants to break the mold, there is no easier move than declaring the stock split that Bezos never cared to execute.</p><p><blockquote>首席执行官杰夫·贝索斯本月早些时候正式辞去首席执行官职务，这增加了股票分割的可能性。如果新任首席执行官安迪·贾西 (Andy Jassy) 想要打破这种模式，那么没有比宣布贝佐斯从未关心过执行的股票分割更容易的了。</blockquote></p><p> A stock split is a zero-sum game. A single share of Amazon at $3,700 would be the same thing as 50 shares at $74. However, it's not easy to trade options on a $3,700 stock. We're not just talking about throwing speculators a bone, as there are plenty of conservative risk-management tools available for long-term Amazon investors through the options market.</p><p><blockquote>股票分割是一个零和游戏。亚马逊的单股价格为 3,700 美元，相当于 50 股价格为 74 美元。然而，交易 3,700 美元股票的期权并不容易。我们不仅仅是在谈论向投机者扔骨头，因为通过期权市场，亚马逊的长期投资者可以使用大量保守的风险管理工具。</blockquote></p><p> Stock splits may not seem to matter as much as they did just a few years ago. Investors can buy fractional shares through a growing number of brokers. Zero-commission trading makes it easier than ever to buy a couple of shares at a time. However, there is still a natural attraction to low stock prices.</p><p><blockquote>股票分割似乎不像几年前那么重要了。投资者可以通过越来越多的经纪商购买零股。零佣金交易使一次购买几只股票比以往任何时候都更容易。然而，低股价仍然有天然的吸引力。</blockquote></p><p> A lower stock price would also make Amazon a no-brainer addition to the Dow Jones Industrial Average the next time the archaic but still relevant index shakes up its 30 members. In short, you don't have to be a fan ofstock splitsto see how an increase in retail and possibly institutional ownership can make Amazon even more valuable.</p><p><blockquote>下次道琼斯工业平均指数（Dow Jones Industrial Average）重组其 30 个成员时，较低的股价也将使亚马逊成为该指数的明智之举。简而言之，你不必是库存分割的粉丝，就能明白零售和可能的机构所有权的增加如何让亚马逊变得更有价值。</blockquote></p><p> Your legacy begins now, Jassy. A stock split makes more sense than you probably think.</p><p><blockquote>你的遗产从现在开始，贾西。股票分割比你想象的更有意义。</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>Stock Split Watch: Is Amazon Next?<blockquote>股票分割观察：亚马逊是下一个吗？</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Split Watch: Is Amazon Next?<blockquote>股票分割观察：亚马逊是下一个吗？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Motley Fool</strong><span class=\"h-time small\">2021-07-27 10:48</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Key Points</p><p><blockquote>要点</blockquote></p><p> <ul>  <li>Amazon reports earnings on Thursday, making that an ideal time to announce a stock split.</li>  <li>There are only three other U.S.-exchange-listed stocks trading at higher price points than Amazon.</li>  <li>This will be new CEO Andy Jassy's first earnings call as the e-commerce giant's helmsman. A stock split would be a great way to set himself apart from Jeffrey Bezos.</li> </ul> The chatter calling for&nbsp;<b>Amazon.com</b>&nbsp;(NASDAQ:AMZN)to execute a stock split is diminishing, but that's surprising. The stock continues to rise, making thearguments for a lower share pricevia a split all the more tantalizing.</p><p><blockquote><ul><li>亚马逊周四公布财报，这是宣布股票分割的理想时机。</li><li>只有另外三只在美国交易所上市的股票的交易价格高于亚马逊。</li><li>这将是新任首席执行官 Andy Jassy 作为这家电子商务巨头掌舵人的首次盈利看涨期权。股票分割将是让自己与杰弗里·贝佐斯区分开来的好方法。</li></ul>喋喋不休<b>亚马逊</b>（纳斯达克股票代码：AMZN）执行股票分割的可能性正在减少，但这令人惊讶。该股继续上涨，使得通过分拆降低股价的理由更加诱人。</blockquote></p><p> There are also a couple of good reasons why Amazon should announce a stock split as soon as later this week. You might think these bookkeeping moves are silly zero-sum games, and that's fair. However, a lot of other market watchers see an Amazon split as the key to attracting even more retail investors while also making life easier for options traders. Let's see why Amazon could be the next major stock to declare a stock split.</p><p><blockquote>亚马逊最早在本周晚些时候宣布股票分割也有几个很好的理由。你可能会认为这些记账动作是愚蠢的零和游戏，这是公平的。然而，许多其他市场观察人士认为，亚马逊分拆是吸引更多散户投资者的关键，同时也让期权交易者的生活更轻松。让我们看看为什么亚马逊可能成为下一只宣布股票分割的主要股票。</blockquote></p><p> <b>Amazon is rocking</b></p><p><blockquote><b>亚马逊正在摇摆</b></blockquote></p><p> It's good to be Amazon. The e-tail king was doing just fine before the pandemic shifted e-commerce into an even higher gear. The38% increase in net salesthat Amazon posted last year was its heartiest top-line gain in nine years.</p><p><blockquote>做亚马逊真好。在疫情将电子商务推向更高阶段之前，电子零售之王做得很好。亚马逊去年公布的净销售额增长38%，是其九年来最令人鼓舞的营收增长。</blockquote></p><p> Things aren't slowing down in 2021. Revenuesoared 44%during the first three months of this year.</p><p><blockquote>2021年事情不会放缓。今年前三个月收入飙升 44%。</blockquote></p><p> Investors are paying attention. Amazon held up better than most growth stocks during the correction earlier this year. It enters this trading week within 3% of the all-time high it hit two weeks ago.</p><p><blockquote>投资者正在关注。在今年早些时候的调整中，亚马逊的表现优于大多数成长型股票。进入本周交易时，该股距离两周前创下的历史高点不到 3%。</blockquote></p><p> There are only three U.S.-exchange-listed stocks trading at higher price points than the roughly $3,700 that Amazon is fetching as of Monday morning. Amazon's market cap is more than double those of the three higher-priced stocks combined. It's time for a stock split.</p><p><blockquote>截至周一上午，只有三只在美国交易所上市的股票的交易价格高于亚马逊的约 3,700 美元。亚马逊的市值是三只高价股票总和的两倍多。是时候进行股票分割了。</blockquote></p><p> <b>The clock is rolling</b></p><p><blockquote><b>时钟在流动</b></blockquote></p><p> Amazon reports its second-quarter results after market close on Thursday. Stock splits are often announced during an earnings release, whether the report itself is positive or negative.</p><p><blockquote>亚马逊周四收盘后公布第二季度业绩。股票分割通常在财报发布期间宣布，无论报告本身是正面的还是负面的。</blockquote></p><p> Adding to the likelihood of a stock split is that CEO Jeff Bezos officially stepped down as CEO earlier this month. If new CEO Andy Jassy wants to break the mold, there is no easier move than declaring the stock split that Bezos never cared to execute.</p><p><blockquote>首席执行官杰夫·贝索斯本月早些时候正式辞去首席执行官职务，这增加了股票分割的可能性。如果新任首席执行官安迪·贾西 (Andy Jassy) 想要打破这种模式，那么没有比宣布贝佐斯从未关心过执行的股票分割更容易的了。</blockquote></p><p> A stock split is a zero-sum game. A single share of Amazon at $3,700 would be the same thing as 50 shares at $74. However, it's not easy to trade options on a $3,700 stock. We're not just talking about throwing speculators a bone, as there are plenty of conservative risk-management tools available for long-term Amazon investors through the options market.</p><p><blockquote>股票分割是一个零和游戏。亚马逊的单股价格为 3,700 美元，相当于 50 股价格为 74 美元。然而，交易 3,700 美元股票的期权并不容易。我们不仅仅是在谈论向投机者扔骨头，因为通过期权市场，亚马逊的长期投资者可以使用大量保守的风险管理工具。</blockquote></p><p> Stock splits may not seem to matter as much as they did just a few years ago. Investors can buy fractional shares through a growing number of brokers. Zero-commission trading makes it easier than ever to buy a couple of shares at a time. However, there is still a natural attraction to low stock prices.</p><p><blockquote>股票分割似乎不像几年前那么重要了。投资者可以通过越来越多的经纪商购买零股。零佣金交易使一次购买几只股票比以往任何时候都更容易。然而，低股价仍然有天然的吸引力。</blockquote></p><p> A lower stock price would also make Amazon a no-brainer addition to the Dow Jones Industrial Average the next time the archaic but still relevant index shakes up its 30 members. In short, you don't have to be a fan ofstock splitsto see how an increase in retail and possibly institutional ownership can make Amazon even more valuable.</p><p><blockquote>下次道琼斯工业平均指数（Dow Jones Industrial Average）重组其 30 个成员时，较低的股价也将使亚马逊成为该指数的明智之举。简而言之，你不必是库存分割的粉丝，就能明白零售和可能的机构所有权的增加如何让亚马逊变得更有价值。</blockquote></p><p> Your legacy begins now, Jassy. A stock split makes more sense than you probably think.</p><p><blockquote>你的遗产从现在开始，贾西。股票分割比你想象的更有意义。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/07/26/stock-split-watch-is-amazon-next/\">Motley Fool</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊"},"source_url":"https://www.fool.com/investing/2021/07/26/stock-split-watch-is-amazon-next/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162276557","content_text":"Key Points\n\nAmazon reports earnings on Thursday, making that an ideal time to announce a stock split.\nThere are only three other U.S.-exchange-listed stocks trading at higher price points than Amazon.\nThis will be new CEO Andy Jassy's first earnings call as the e-commerce giant's helmsman. A stock split would be a great way to set himself apart from Jeffrey Bezos.\n\nThe chatter calling for Amazon.com (NASDAQ:AMZN)to execute a stock split is diminishing, but that's surprising. The stock continues to rise, making thearguments for a lower share pricevia a split all the more tantalizing.\nThere are also a couple of good reasons why Amazon should announce a stock split as soon as later this week. You might think these bookkeeping moves are silly zero-sum games, and that's fair. However, a lot of other market watchers see an Amazon split as the key to attracting even more retail investors while also making life easier for options traders. Let's see why Amazon could be the next major stock to declare a stock split.\nAmazon is rocking\nIt's good to be Amazon. The e-tail king was doing just fine before the pandemic shifted e-commerce into an even higher gear. The38% increase in net salesthat Amazon posted last year was its heartiest top-line gain in nine years.\nThings aren't slowing down in 2021. Revenuesoared 44%during the first three months of this year.\nInvestors are paying attention. Amazon held up better than most growth stocks during the correction earlier this year. It enters this trading week within 3% of the all-time high it hit two weeks ago.\nThere are only three U.S.-exchange-listed stocks trading at higher price points than the roughly $3,700 that Amazon is fetching as of Monday morning. Amazon's market cap is more than double those of the three higher-priced stocks combined. It's time for a stock split.\nThe clock is rolling\nAmazon reports its second-quarter results after market close on Thursday. Stock splits are often announced during an earnings release, whether the report itself is positive or negative.\nAdding to the likelihood of a stock split is that CEO Jeff Bezos officially stepped down as CEO earlier this month. If new CEO Andy Jassy wants to break the mold, there is no easier move than declaring the stock split that Bezos never cared to execute.\nA stock split is a zero-sum game. A single share of Amazon at $3,700 would be the same thing as 50 shares at $74. However, it's not easy to trade options on a $3,700 stock. We're not just talking about throwing speculators a bone, as there are plenty of conservative risk-management tools available for long-term Amazon investors through the options market.\nStock splits may not seem to matter as much as they did just a few years ago. Investors can buy fractional shares through a growing number of brokers. Zero-commission trading makes it easier than ever to buy a couple of shares at a time. However, there is still a natural attraction to low stock prices.\nA lower stock price would also make Amazon a no-brainer addition to the Dow Jones Industrial Average the next time the archaic but still relevant index shakes up its 30 members. In short, you don't have to be a fan ofstock splitsto see how an increase in retail and possibly institutional ownership can make Amazon even more valuable.\nYour legacy begins now, Jassy. A stock split makes more sense than you probably think.","news_type":1,"symbols_score_info":{"AMZN":0.9}},"isVote":1,"tweetType":1,"viewCount":1002,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":177165880,"gmtCreate":1627187597940,"gmtModify":1633767308918,"author":{"id":"3576420733683738","authorId":"3576420733683738","name":"markkk","avatar":"https://static.tigerbbs.com/df42d8e8fb0e4c7a09fcf6592b170a1e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576420733683738","authorIdStr":"3576420733683738"},"themes":[],"title":"","htmlText":"nice","listText":"nice","text":"nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/177165880","repostId":"2153936352","repostType":4,"isVote":1,"tweetType":1,"viewCount":1072,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":146429447,"gmtCreate":1626097202989,"gmtModify":1633930182351,"author":{"id":"3576420733683738","authorId":"3576420733683738","name":"markkk","avatar":"https://static.tigerbbs.com/df42d8e8fb0e4c7a09fcf6592b170a1e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576420733683738","authorIdStr":"3576420733683738"},"themes":[],"title":"","htmlText":"nice","listText":"nice","text":"nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/146429447","repostId":"1146782773","repostType":4,"isVote":1,"tweetType":1,"viewCount":766,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":895264762,"gmtCreate":1628748784856,"gmtModify":1631889822653,"author":{"id":"3576420733683738","authorId":"3576420733683738","name":"markkk","avatar":"https://static.tigerbbs.com/df42d8e8fb0e4c7a09fcf6592b170a1e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576420733683738","authorIdStr":"3576420733683738"},"themes":[],"title":"","htmlText":"nie","listText":"nie","text":"nie","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/895264762","repostId":"2158079237","repostType":4,"isVote":1,"tweetType":1,"viewCount":2597,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":892042913,"gmtCreate":1628617490432,"gmtModify":1631889822675,"author":{"id":"3576420733683738","authorId":"3576420733683738","name":"markkk","avatar":"https://static.tigerbbs.com/df42d8e8fb0e4c7a09fcf6592b170a1e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576420733683738","authorIdStr":"3576420733683738"},"themes":[],"title":"","htmlText":"nice","listText":"nice","text":"nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/892042913","repostId":"1182215080","repostType":4,"repost":{"id":"1182215080","kind":"news","pubTimestamp":1628608730,"share":"https://www.laohunote.com/m/news/1182215080?lang=zh_CN&edition=full","pubTime":"2021-08-10 23:18","market":"us","language":"en","title":"FuboTV Looks Set To Break Out From Long-Term Pattern: What's Next?<blockquote>FuboTV 看起来将摆脱长期模式：下一步是什么？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1182215080","media":"Benzinga","summary":"FuboTV(NYSE:FUBO) is set to print its earnings after the closing bell on Tuesday. When the sports-fo","content":"<p><div> FuboTV(NYSE:FUBO) is set to print its earnings after the closing bell on Tuesday. When the sports-focused streaming company reported its first-quarter earnings beat, it raised guidance for the second ...</p><p><blockquote><div>FuboTV（纽约证券交易所股票代码：FUBO）将于周二收盘后发布财报。当这家专注于体育的流媒体公司报告第一季度盈利时，它提高了第二季度的指引……</div></blockquote></p><p>  <a href=\"https://www.benzinga.com/trading-ideas/long-ideas/21/08/22421934/fubotv-looks-set-to-break-out-from-long-term-pattern-whats-next\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.benzinga.com/trading-ideas/long-ideas/21/08/22421934/fubotv-looks-set-to-break-out-from-long-term-pattern-whats-next\">网页连接</a></blockquote></p><p></p>","source":"lsy1606299360108","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>FuboTV Looks Set To Break Out From Long-Term Pattern: What's Next?<blockquote>FuboTV 看起来将摆脱长期模式：下一步是什么？</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFuboTV Looks Set To Break Out From Long-Term Pattern: What's Next?<blockquote>FuboTV 看起来将摆脱长期模式：下一步是什么？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Benzinga</strong><span class=\"h-time small\">2021-08-10 23:18</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> FuboTV(NYSE:FUBO) is set to print its earnings after the closing bell on Tuesday. When the sports-focused streaming company reported its first-quarter earnings beat, it raised guidance for the second ...</p><p><blockquote><div>FuboTV（纽约证券交易所股票代码：FUBO）将于周二收盘后发布财报。当这家专注于体育的流媒体公司报告第一季度盈利时，它提高了第二季度的指引……</div></blockquote></p><p>  <a href=\"https://www.benzinga.com/trading-ideas/long-ideas/21/08/22421934/fubotv-looks-set-to-break-out-from-long-term-pattern-whats-next\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.benzinga.com/trading-ideas/long-ideas/21/08/22421934/fubotv-looks-set-to-break-out-from-long-term-pattern-whats-next\">网页连接</a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.benzinga.com/trading-ideas/long-ideas/21/08/22421934/fubotv-looks-set-to-break-out-from-long-term-pattern-whats-next\">Benzinga</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"FUBO":"fuboTV Inc."},"source_url":"https://www.benzinga.com/trading-ideas/long-ideas/21/08/22421934/fubotv-looks-set-to-break-out-from-long-term-pattern-whats-next","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1182215080","content_text":"FuboTV(NYSE:FUBO) is set to print its earnings after the closing bell on Tuesday. When the sports-focused streaming company reported its first-quarter earnings beat, it raised guidance for the second quarter and full fiscal year.\nThe company raised its second-quarterguidanceto $120 million to $122 million, ahead of the consensus estimate of $98.4 million. FuboTV sees subscribers for the year coming in between $830,000 and $850,000, which would represent a 53% year-over-year growth at the midpoint.\nTraders and investors may get an update on whether fuboTV is still on schedule to launch itssports bettingapp by the end of fiscal 2021. In March, the company said it plans to launch free-to-play games in the third quarter followed by sports betting in the fourth quarter.\nThe FuboTV Chart:FuboTV is trading down about 55% from its Dec. 22, 2020 high of $62.29. The stock has failed to gain any traction for a large move back toward the $62 level and fuboTV’s daily trading range has decreased due to low volume.\nSince making the new high, fuboTV has settled into a large falling wedge pattern with a distinct upper descending trendline. The stock has attempted to break up from the trendline on five separate occasions including on Monday and failed. Monday’s volume was high, however, indicating continued momentum may be in the cards for Tuesday.\nOn Monday, FuboTV printed a bullish Marubozu candlestick with a small upper wick at the descending trendline, which indicates fuboTV may be ready to make a break north.\nFuboTV is trading above the eight-day and 21-day exponential moving averages (EMAs) but the eight-day EMA is trending below the 21-day, which indicates bullish indecision. The stock is trading slightly below the 200-day simple moving average (SMA), which indicates overall sentiment is bearish.\nOn Monday, fuboTV tried to regain the 200-day SMA as support but rejected and wicked from it. The 200-day aligns with the upper descending trendline resistance which makes the area harder to break through.\n\nBulls want big bullish volume to come in and drive fuboTV up through the top of the following channel and for the stock to close the day over the 200-day SMA. If fuboTV’s stock can clear the $28.45 level, it has room to move up toward $31.53.\nBears want to see the stock continue to reject its upper resistances and for bearish volume to come in and drive fuboTV down toward the $26 level. If fuboTV’s stock was unable to hold the level as support, it could fall toward the $22.37 mark before potentially bouncing.","news_type":1,"symbols_score_info":{"FUBO":0.9}},"isVote":1,"tweetType":1,"viewCount":2528,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":174840419,"gmtCreate":1627092277431,"gmtModify":1633768068729,"author":{"id":"3576420733683738","authorId":"3576420733683738","name":"markkk","avatar":"https://static.tigerbbs.com/df42d8e8fb0e4c7a09fcf6592b170a1e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576420733683738","authorIdStr":"3576420733683738"},"themes":[],"title":"","htmlText":"nice","listText":"nice","text":"nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/174840419","repostId":"1112927800","repostType":4,"repost":{"id":"1112927800","kind":"news","pubTimestamp":1627089375,"share":"https://www.laohunote.com/m/news/1112927800?lang=zh_CN&edition=full","pubTime":"2021-07-24 09:16","market":"us","language":"en","title":"Will NIO Stock Follow Tesla's Footsteps? What To Consider Between These Two EV Stocks<blockquote>蔚来股票会追随特斯拉的脚步吗？这两只电动汽车股票之间需要考虑什么</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1112927800","media":"seekingalpha","summary":"Let's take a look at how NIO compares to Tesla today, NIO's unique selling points, and the similarities between the two companies.NIO is a high-growth choice that does not seem overly expensive relative to how Tesla is valued.NIO is not a low-risk stock, however, and it may not be a good choice for everyone. Investors should also consider NIO's valuation versus legacy car companies.Both companies have benefitted from growing interest in EVs during 2020, a trend that saw share prices of most EV p","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Let's take a look at how NIO compares to Tesla today, NIO's unique selling points, and the similarities between the two companies.</li>  <li>NIO is a high-growth choice that does not seem overly expensive relative to how Tesla is valued.</li>  <li>NIO is not a low-risk stock, however, and it may not be a good choice for everyone. Investors should also consider NIO's valuation versus legacy car companies.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2f749c70c8a2af3e18d5f6cecc72bfbb\" tg-width=\"1536\" tg-height=\"704\" referrerpolicy=\"no-referrer\"><span>ipopba/iStock via Getty Images</span></p><p><blockquote><ul><li>让我们来看看蔚来与今天的特斯拉相比如何，蔚来独特的卖点，以及两家公司之间的相似之处。</li><li>蔚来是一个高增长的选择，相对于特斯拉的估值，它似乎并不算太贵。</li><li>然而，蔚来并不是一只低风险股票，它可能不是每个人的好选择。投资者还应该考虑蔚来汽车相对于传统汽车公司的估值。</li></ul><p class=\"t-img-caption\"><span>ipopba/iStock 来自盖蒂图片社</span></p></blockquote></p><p> <b>Article Thesis</b></p><p><blockquote><b>文章论文</b></blockquote></p><p> NIO, Inc. (NIO) is one of China's leading EV players, and has, through an attractive brand and its unique BaaS offering, attracted a lot of interest from consumers and investors. Today, however, the company is still way smaller than Tesla (TSLA), which is currently leading the global EV market. NIO is focused on its home market right now, which was true when Tesla was a smaller company as well, but NIO will try to grab market share in overseas markets as well. Shares are pricing in a lot of growth already, but if NIO can replicate Tesla's success, that could be more than justified.</p><p><blockquote>蔚来（蔚来）是中国领先的电动汽车企业之一，通过有吸引力的品牌和独特的BaaS产品，吸引了消费者和投资者的极大兴趣。然而，如今该公司的规模仍然远小于目前引领全球电动汽车市场的特斯拉 (TSLA)。蔚来目前专注于国内市场，特斯拉还是一家小公司时也是如此，但蔚来也将努力在海外市场抢占市场份额。股价已经大幅上涨，但如果蔚来能够复制特斯拉的成功，这可能是完全合理的。</blockquote></p><p> <b>NIO And TSLA Stock Prices</b></p><p><blockquote><b>蔚来和特斯拉股价</b></blockquote></p><p> Both companies have benefitted from growing interest in EVs during 2020, a trend that saw share prices of most EV pureplays rise rapidly. The combination of growing market share for EVs, accommodating policies such as subsidies for EV purchases, and massive monetary stimulus let shares of NIO and TSLA rise rapidly. NIO is up 245% over the last year, while TSLA is up 101% over the same time. Both companies are currently trading below their all-time highs, however, which were hit in early 2021 before market sentiment for EV pureplays cooled to some degree.</p><p><blockquote>2020 年，两家公司都受益于人们对电动汽车日益增长的兴趣，这一趋势导致大多数电动汽车纯玩家的股价迅速上涨。电动汽车市场份额不断增长、电动汽车购买补贴等宽松政策以及大规模货币刺激措施相结合，蔚来和特斯拉的股价迅速上涨。蔚来去年上涨了 245%，而特斯拉同期上涨了 101%。然而，这两家公司目前的股价均低于历史高点，该高点在 2021 年初触及，之后市场对电动汽车 pureplays 的情绪有所降温。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5ff5ce865807df85283775d2293b41af\" tg-width=\"635\" tg-height=\"481\" referrerpolicy=\"no-referrer\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据由YCharts提供</span></p></blockquote></p><p> Taking a quick look at analyst price targets, we see that Tesla is trading almost perfectly in line with the consensus, whereas NIO trades about 30% below the analyst target. If the analyst community is right, then NIO is a substantially better investment right here, as Tesla is not expected to see its shares rise meaningfully over the next year, whereas NIO has significant upside to the analyst price target.</p><p><blockquote>快速浏览一下分析师的目标价，我们发现特斯拉的交易价格几乎完全符合共识，而蔚来的交易价格比分析师目标价低约 30%。如果分析师界是正确的，那么蔚来在这里是一个更好的投资，因为预计特斯拉的股价明年不会大幅上涨，而蔚来的分析师目标价有很大的上涨空间。</blockquote></p><p> <b>Is NIO Similar To Tesla?</b></p><p><blockquote><b>蔚来和特斯拉相似吗？</b></blockquote></p><p> The answer to that question depends on what you focus on. There are similarities between the two companies, but there are also differences. One could thus say that, in some ways, the two are similar, but in others, they are not. Let's look at a couple of things:</p><p><blockquote>这个问题的答案取决于你关注的是什么。这两家公司有相似之处，但也有不同之处。因此，人们可以说，在某些方面，这两者是相似的，但在其他方面，它们不是。让我们看几件事：</blockquote></p><p> <b>Business Model</b></p><p><blockquote><b>商业模式</b></blockquote></p><p> Both companies are focused on the EV space, although Tesla has, over the years, been building out a couple of other businesses as well, such as energy storage. Most of Tesla's revenues are generated through selling electric vehicles, which is also how NIO operates. Both companies are focused on the premium segment of EVs, selling higher-priced vehicles that compete with brands such as BMW, Mercedes, and Lexus. Both companies offer a small range of different vehicles, in Tesla's case those are the well-known S, X, 3, and Y, whereas NIO offers a sedan (ET7), and three SUVs (EC6, ES6, ES8). Despite the fact that NIO is a way smaller company today, the model lineups of the two companies do thus not differ too much.</p><p><blockquote>两家公司都专注于电动汽车领域，尽管特斯拉多年来也一直在发展其他一些业务，例如储能。特斯拉的大部分收入是通过销售电动汽车产生的，这也是蔚来的运营方式。两家公司都专注于电动汽车的高端市场，销售与宝马、梅赛德斯和雷克萨斯等品牌竞争的高价汽车。两家公司都提供少量不同的车辆，特斯拉是众所周知的 S、X、3 和 Y，而蔚来则提供轿车 (ET7) 和三款 SUV (EC6、ES6、ES8)。尽管蔚来如今是一家规模较小的公司，但两家公司的车型阵容并没有太大区别。</blockquote></p><p> Both companies offer some type of charging infrastructure to their customers, in Tesla's case, that's the Supercharger network, where Tesla owners can charge their cars with up to 250kW, depending on what version of Supercharger is installed. NIO is following a different approach, offering a battery-as-a-service solution to its customers. NIO owners can get their battery switched out to a fully-charged battery at NIO's stations, a process that takes a couple of minutes and is thus significantly quicker compared to the regular EV charging offered by Tesla and other EV players. BaaS thus has advantages when it comes to the time it takes for a charge/swap, but it should be noted that Tesla's Superchargers are way more common around the world compared to NIO's battery-swapping stations. Rolling out that feature in additional markets will require large capital expenditures, but NIO's offering is a unique selling point compared to what all other EV players, including Tesla, are offering. It remains to be seen whether that will ultimately pay off, but this could become a major advantage for NIO as competition in the EV space is heating up.</p><p><blockquote>两家公司都为客户提供某种类型的充电基础设施，就特斯拉而言，这就是增压器网络，特斯拉车主可以在其中为汽车充电，功率高达 250kW，具体取决于安装的增压器版本。蔚来正在采取不同的方法，为客户提供电池即服务解决方案。蔚来车主可以在蔚来充电站将电池更换为充满电的电池，这一过程只需几分钟，因此与特斯拉和其他电动汽车制造商提供的常规电动汽车充电相比要快得多。因此，BaaS在充电/更换时间方面具有优势，但应该注意的是，与蔚来的换电站相比，特斯拉的超级充电站在世界各地更为常见。在其他市场推出该功能将需要大量资本支出，但与包括特斯拉在内的所有其他电动汽车厂商所提供的产品相比，蔚来汽车的产品是一个独特的卖点。这是否最终会带来回报还有待观察，但随着电动汽车领域的竞争日益激烈，这可能成为蔚来的一大优势。</blockquote></p><p> <b>Size, growth, and valuation</b></p><p><blockquote><b>规模、增长和估值</b></blockquote></p><p></p><p> The two companies differ significantly in size, both when it comes to revenues and vehicle sales, as well as when it comes to the market value of the two companies. NIO has delivered22,000 vehicles in Q2, up 112% year over year, for an annual pace of around 90,000 vehicles. Tesla, meanwhile, has delivered 201,000 vehicles during Q2, up from 103,000 vehicles delivered during Q2 2020. This is strong growth on a year-over-year basis, although slightly below 100%, and thus below the growth rate that NIO is generating for now.</p><p><blockquote>两家公司的规模差异很大，无论是在收入和汽车销量方面，还是在两家公司的市值方面。蔚来第二季度交付了22,000辆汽车，同比增长112%，年增长率约为90,000辆。与此同时，特斯拉在第二季度交付了 201,000 辆汽车，高于 2020 年第二季度的 103,000 辆汽车。这是同比的强劲增长，尽管略低于 100%，因此低于蔚来目前的增长率。</blockquote></p><p> Tesla delivers around 9x as many vehicles compared to NIO per quarter, when we look at the market capitalizations of the two companies, we see that the ratio is almost exactly the same, as Tesla's market cap of $640 billion is ~9x as high as that of NIO, at $72 billion. At similar growth rates, that would make perfect sense, but it looks like NIO might be the better deal for now, as it trades at a comparable valuation while generating better growth. This will be especially true in the coming quarters, where Tesla's growth is expected to slow down:</p><p><blockquote>与蔚来相比，特斯拉每季度交付的汽车数量约为 9 倍，当我们查看两家公司的市值时，我们会发现这一比例几乎完全相同，因为特斯拉 6400 亿美元的市值约为 9 倍蔚来的 720 亿美元。在类似的增长率下，这将是完全有意义的，但看起来蔚来目前可能是更好的交易，因为它的估值相当，同时产生了更好的增长。未来几个季度尤其如此，特斯拉的增长预计将放缓：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a986ea65130206f99961a46ce6cfed55\" tg-width=\"635\" tg-height=\"515\" referrerpolicy=\"no-referrer\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据由YCharts提供</span></p></blockquote></p><p> Tesla is forecasted to grow its revenue from $49 billion in 2021 to $83 billion in 2023, for an annual growth rate of 30%. NIO, meanwhile, is expected to see its revenue explode upwards from $5.4 billion to $12.8 billion between 2021 and 2023, for an annual growth rate of 54%. NIO is thus expected to grow way faster than Tesla over the next two years, on a relative basis. This shouldn't be a surprise, to be honest, as the law of large numbers dictates that maintaining massive growth rates becomes increasingly hard for a company the bigger it gets, and Tesla seems to have hit that point by now -- adding 50%+ a year to its top line will not be possible forever. This isn't even necessarily Tesla's fault, in fact, many high-quality growth companies have experienced the same. But investors should still consider this important fact -- Tesla's growth in coming years will be less exciting compared to what we have seen in the past, and peers, such as NIO, are growing faster.</p><p><blockquote>预计特斯拉的收入将从2021年的490亿美元增长到2023年的830亿美元，年增长率为30%。与此同时，蔚来预计其收入将在 2021 年至 2023 年间从 54 亿美元激增至 128 亿美元，年增长率为 54%。因此，相对而言，预计未来两年蔚来的增长速度将远远超过特斯拉。老实说，这并不奇怪，因为大数定律表明，对于一家公司来说，保持巨大的增长率变得越来越困难，而特斯拉现在似乎已经达到了这一点——每年增加 50% 以上的收入是不可能永远的。这甚至不一定是特斯拉的错，事实上，许多优质成长型公司都经历过同样的事情。但投资者仍然应该考虑这个重要事实——与我们过去看到的相比，特斯拉未来几年的增长将不那么令人兴奋，而蔚来等同行的增长速度更快。</blockquote></p><p> The same holds true when we take a longer-term view. Revenue estimates for 2025 rest at$22.6 billionfor NIO, up another 80% from the 2023 estimate, and up 320% from what analysts are forecasting for 2021. Tesla, meanwhile, is forecasted to generate revenues of $122.5 billion in 2025 -- a large number, but up by a comparatively weak 48% from 2023, and up by a total of 150% versus 2021. Between 2021 and 2025, NIO will thus 4x its revenue, while Tesla will 2.5x its revenue in the same time span -- a meaningful difference that should, all else equal, allow for a premium valuation for NIO, in the same way Tesla deserves a premium valuation versus legacy players such as Volkswagen (OTCPK:VWAGY).</p><p><blockquote>当我们从长远来看时，情况也是如此。蔚来 2025 年收入预期为 226 亿美元，比 2023 年预期再增长 80%，比分析师对 2021 年的预测增长 320%。与此同时，特斯拉预计 2025 年收入将达到 1225 亿美元，这是一个很大的数字，但比 2023 年增长相对较弱的 48%，比 2021 年总共增长 150%。因此，在 2021 年至 2025 年间，蔚来的收入将增长 4 倍，而特斯拉的收入将增长 2.5 倍——在其他条件相同的情况下，这是一个有意义的差异，应该可以让蔚来获得溢价估值，就像特斯拉值得拥有与大众汽车等传统参与者相比的溢价估值（OTCPK：VWAGY）。</blockquote></p><p> Looking at revenue estimates for 2025 relative to how the two companies are valued today, we see that NIO trades at 3.2x 2025 sales, while the 2025 sales multiple for Tesla is 5.2. For a long-term oriented investor, NIO thus seems like the better value today, thanks to the fact that it is trading at a significantly lower sales multiple when we take a look into the future. This does not necessarily mean that NIO is cheap, however, as even a 3.2x 2025 sales multiple is relatively high compared to how legacy auto companies are valued. NIO is looking less expensive than Tesla, however, even if its shares are not cheap on an absolute basis.</p><p><blockquote>将 2025 年的收入预测与两家公司目前的估值进行比较，我们发现蔚来的交易价格为 2025 年销售额的 3.2 倍，而特斯拉的 2025 年销售额倍数为 5.2。对于长期投资者来说，蔚来目前似乎更有价值，因为当我们展望未来时，它的销售倍数要低得多。然而，这并不一定意味着蔚来很便宜，因为与传统汽车公司的估值相比，即使是 2025 年 3.2 倍的销售倍数也相对较高。然而，蔚来看起来比特斯拉便宜，即使其股票绝对不便宜。</blockquote></p><p> <b>Can NIO Be Worth As Much As Tesla?</b></p><p><blockquote><b>蔚来能和特斯拉一样值钱吗？</b></blockquote></p><p> The answer to that depends on what time frame you are looking at. Today, NIO is significantly smaller than Tesla and thus rightfully trades at a way smaller market cap. It should also be noted that there is no guarantee that Tesla's shares are a great example of how an EV company should be valued -- it is, at least, possible that its shares are significantly&nbsp;overpriced&nbsp;today, I personally believe that as well (Note that some will argue that shares are&nbsp;underpriced, which is also among the possibilities, although I do not hold that belief personally).</p><p><blockquote>这个问题的答案取决于你所关注的时间范围。如今，蔚来比特斯拉小得多，因此理所当然地以较小的市值进行交易。还应该指出的是，不能保证特斯拉的股票是电动汽车公司估值的一个很好的例子——至少，它的股票今天有可能被严重高估，我个人也相信这一点（请注意，有些人会认为股票价格被低估，这也是可能性之一，尽管我个人并不持有这种信念）。</blockquote></p><p></p><p> When we do, for a moment, assume that Tesla is correctly valued today and that EV companies do deserve a market cap in the $600 billion range when they sell about 800,000 vehicles a year, then NIO could eventually hit that as well, although not in the near term. NIO will sell about 90,000 vehicles this year, and that amount should grow to about 400,000 in 2025. If NIO were to grow its sales by 15% a year beyond that point, it could sell around 800,000 cars in 2030, or 9 years from now. If one wants to assume faster growth, the 800,000 vehicles a year line could also be crossed before 2030, e.g. in 2028 or 2029. If we do go with 2030 for now, then NIO could, at a similar deliveries-to-market capitalization ratio to Tesla, be valued at $600+ billion in 2030. In other words, NIO could be worth as much as Tesla (today) in nine years, when we assume that current growth projections are realistic and that a Tesla-like valuation is appropriate. Those are two major ifs, of course, and especially the second point is far from certain, I believe. I personally would not be too surprised to see Tesla's valuation compress, and thus NIO could trade well below the $600 billion market cap level in 2030, even if it continues to grow meaningfully. It is also possible that NIO's growth disappoints and that current projections are too bullish, although I think that NIO is well-positioned for growth thanks to its unique BaaS model and its strong brand that is especially well-recognized in its home market.</p><p><blockquote>当我们暂时假设特斯拉今天的估值是正确的，并且电动汽车公司每年销售约 80 万辆汽车时，确实应该获得 6000 亿美元左右的市值，那么蔚来最终也可能达到这个目标，尽管不是在短期内。蔚来今年将销售约 9 万辆汽车，到 2025 年这一数字应该会增长到约 40 万辆。如果蔚来的销量在这一点后每年增长 15%，那么到 2030 年（即 9 年后），它可能会售出约 80 万辆汽车。如果想要假设更快的增长，每年 80 万辆汽车的大关也可能在 2030 年之前跨过，例如在 2028 年或 2029 年。如果我们现在真的选择 2030 年，那么按照与特斯拉类似的交付量与市值比率，蔚来到 2030 年的估值可能会超过 6000 亿美元。换句话说，如果我们假设当前的增长预测是现实的，并且类似特斯拉的估值是合适的，那么九年后蔚来的价值可能与特斯拉（今天）一样高。当然，这是两个主要的如果，尤其是第二点，我相信还远未确定。就我个人而言，看到特斯拉的估值压缩不会太惊讶，因此蔚来在 2030 年的市值可能远低于 6000 亿美元的水平，即使它继续大幅增长。蔚来汽车的增长也有可能令人失望，目前的预测过于乐观，尽管我认为蔚来凭借其独特的BaaS模式和在国内市场尤其知名的强大品牌，处于有利的增长位置。</blockquote></p><p> It should also be noted that Tesla's market cap in 2030 could be very different from $600 billion, thus even in case NIO hits that level, it is not at all guaranteed that the two companies will have a similar market cap. Tesla might be valued at a way higher valuation by then, e.g. if the ARK model is right (something I personally think is unlikely). To answer the above question, one could thus say that NIO might be worth hundreds of billions of dollars, like Tesla, in 8-10 years, but that is not at all guaranteed. And even if that were to happen, Tesla might be worth significantly more by then.</p><p><blockquote>还需要注意的是，特斯拉2030年的市值可能与6000亿美元有很大不同，因此即使蔚来达到这个水平，也根本不能保证两家公司的市值相似。到那时，特斯拉的估值可能会更高，例如，如果方舟模型是正确的（我个人认为不太可能）。为了回答上述问题，人们可以说，蔚来可能在8-10年内价值数千亿美元，就像特斯拉一样，但这根本不能保证。即使发生了这种情况，到那时特斯拉的价值可能会高得多。</blockquote></p><p> <b>Is NIO A Good Stock To Buy Or Sell Now?</b></p><p><blockquote><b>蔚来现在是买入还是卖出的好股票？</b></blockquote></p><p> When considering NIO as an investment, it doesn't really matter all that much whether it will become as large or highly valued as Tesla eventually. Instead, investors should ask themselves what total returns they can expect over the next couple of years, and whether those expected returns are high enough relative to the risks in NIO's business model. Regarding those risks, one should mention the fact that the company isn't profitable yet, which means that NIO is dependent on cash on its balance sheet for growth investments. On top of that, competition in the EV space is growing, and market share battles could pressure margins in coming years, although NIO seems relatively well-positioned thanks to its battery-swapping, which is, I believe, a strong USP. Last but not least, the company's dependence on its home market China is a potential risk that should be kept in mind, although it should also be noted that, for now, it seems like the Chinese government is very accommodating to Chinese EV companies.</p><p><blockquote>当将蔚来视为一项投资时，它最终是否会变得像特斯拉一样大或高估值并不重要。相反，投资者应该问问自己，未来几年他们可以预期的总回报是多少，以及这些预期回报相对于蔚来商业模式的风险是否足够高。关于这些风险，值得一提的是，该公司尚未盈利，这意味着蔚来依赖其资产负债表上的现金进行增长投资。最重要的是，电动汽车领域的竞争正在加剧，市场份额之争可能会在未来几年给利润率带来压力，尽管蔚来似乎由于其电池更换而处于相对有利的地位，我相信这是一个强大的卖点。最后但并非最不重要的一点是，该公司对中国本土市场的依赖是一个应牢记的潜在风险，尽管还应该指出的是，目前中国政府似乎对中国电动汽车公司非常宽容。</blockquote></p><p> One could argue that valuations across the whole EV industry are too high, relative to how legacy auto companies are valued. Even those legacy players with attractive EV offerings such as Volkswagen or Ford trade at huge discounts compared to EV pureplays. But if one wants to invest in an EV pureplay, NIO doesn't seem like a bad choice. The company combines a strong brand, a unique BaaS offering, high growth rates, and shares trade at a discount compared to how the EV king Tesla is valued. At a little above 3x 2025 revenue, NIO does not seem overly expensive relative to other EV pureplays, although this still represents a premium versus legacy players, of course. If NIO manages to execute well and continues to roll out new models that are well-received by consumers, its shares could have significant upside potential in the long run. If EV stocks ever become an out-of-favor investment, NIO stock also could have considerable downside, however, this thus is not a low-risk pick. Depending on your risk tolerance, NIO could still be of value if you want a high-growth EV pureplay.</p><p><blockquote>有人可能会说，相对于传统汽车公司的估值，整个电动汽车行业的估值过高。与纯电动汽车相比，即使是大众或福特等拥有有吸引力的电动汽车产品的传统厂商也能享受巨大的折扣。但如果想投资电动汽车 pureplay，蔚来似乎并不是一个糟糕的选择。该公司结合了强大的品牌、独特的 BaaS 产品、高增长率以及与电动汽车之王特斯拉的估值相比折扣的股票交易。蔚来的收入略高于 2025 年的 3 倍，与其他电动汽车纯电动汽车相比似乎并不算太贵，尽管当然，这仍然代表着与传统厂商相比的溢价。如果蔚来能够很好地执行并继续推出深受消费者欢迎的新车型，从长远来看，其股价可能具有巨大的上涨潜力。如果电动汽车股票成为不受欢迎的投资，蔚来股票也可能有相当大的负面影响，然而，这并不是一个低风险的选择。根据您的风险承受能力，如果您想要高增长的电动汽车 pureplay，蔚来仍然很有价值。</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>Will NIO Stock Follow Tesla's Footsteps? What To Consider Between These Two EV Stocks<blockquote>蔚来股票会追随特斯拉的脚步吗？这两只电动汽车股票之间需要考虑什么</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWill NIO Stock Follow Tesla's Footsteps? What To Consider Between These Two EV Stocks<blockquote>蔚来股票会追随特斯拉的脚步吗？这两只电动汽车股票之间需要考虑什么</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">seekingalpha</strong><span class=\"h-time small\">2021-07-24 09:16</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>Let's take a look at how NIO compares to Tesla today, NIO's unique selling points, and the similarities between the two companies.</li>  <li>NIO is a high-growth choice that does not seem overly expensive relative to how Tesla is valued.</li>  <li>NIO is not a low-risk stock, however, and it may not be a good choice for everyone. Investors should also consider NIO's valuation versus legacy car companies.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2f749c70c8a2af3e18d5f6cecc72bfbb\" tg-width=\"1536\" tg-height=\"704\" referrerpolicy=\"no-referrer\"><span>ipopba/iStock via Getty Images</span></p><p><blockquote><ul><li>让我们来看看蔚来与今天的特斯拉相比如何，蔚来独特的卖点，以及两家公司之间的相似之处。</li><li>蔚来是一个高增长的选择，相对于特斯拉的估值，它似乎并不算太贵。</li><li>然而，蔚来并不是一只低风险股票，它可能不是每个人的好选择。投资者还应该考虑蔚来汽车相对于传统汽车公司的估值。</li></ul><p class=\"t-img-caption\"><span>ipopba/iStock 来自盖蒂图片社</span></p></blockquote></p><p> <b>Article Thesis</b></p><p><blockquote><b>文章论文</b></blockquote></p><p> NIO, Inc. (NIO) is one of China's leading EV players, and has, through an attractive brand and its unique BaaS offering, attracted a lot of interest from consumers and investors. Today, however, the company is still way smaller than Tesla (TSLA), which is currently leading the global EV market. NIO is focused on its home market right now, which was true when Tesla was a smaller company as well, but NIO will try to grab market share in overseas markets as well. Shares are pricing in a lot of growth already, but if NIO can replicate Tesla's success, that could be more than justified.</p><p><blockquote>蔚来（蔚来）是中国领先的电动汽车企业之一，通过有吸引力的品牌和独特的BaaS产品，吸引了消费者和投资者的极大兴趣。然而，如今该公司的规模仍然远小于目前引领全球电动汽车市场的特斯拉 (TSLA)。蔚来目前专注于国内市场，特斯拉还是一家小公司时也是如此，但蔚来也将努力在海外市场抢占市场份额。股价已经大幅上涨，但如果蔚来能够复制特斯拉的成功，这可能是完全合理的。</blockquote></p><p> <b>NIO And TSLA Stock Prices</b></p><p><blockquote><b>蔚来和特斯拉股价</b></blockquote></p><p> Both companies have benefitted from growing interest in EVs during 2020, a trend that saw share prices of most EV pureplays rise rapidly. The combination of growing market share for EVs, accommodating policies such as subsidies for EV purchases, and massive monetary stimulus let shares of NIO and TSLA rise rapidly. NIO is up 245% over the last year, while TSLA is up 101% over the same time. Both companies are currently trading below their all-time highs, however, which were hit in early 2021 before market sentiment for EV pureplays cooled to some degree.</p><p><blockquote>2020 年，两家公司都受益于人们对电动汽车日益增长的兴趣，这一趋势导致大多数电动汽车纯玩家的股价迅速上涨。电动汽车市场份额不断增长、电动汽车购买补贴等宽松政策以及大规模货币刺激措施相结合，蔚来和特斯拉的股价迅速上涨。蔚来去年上涨了 245%，而特斯拉同期上涨了 101%。然而，这两家公司目前的股价均低于历史高点，该高点在 2021 年初触及，之后市场对电动汽车 pureplays 的情绪有所降温。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5ff5ce865807df85283775d2293b41af\" tg-width=\"635\" tg-height=\"481\" referrerpolicy=\"no-referrer\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据由YCharts提供</span></p></blockquote></p><p> Taking a quick look at analyst price targets, we see that Tesla is trading almost perfectly in line with the consensus, whereas NIO trades about 30% below the analyst target. If the analyst community is right, then NIO is a substantially better investment right here, as Tesla is not expected to see its shares rise meaningfully over the next year, whereas NIO has significant upside to the analyst price target.</p><p><blockquote>快速浏览一下分析师的目标价，我们发现特斯拉的交易价格几乎完全符合共识，而蔚来的交易价格比分析师目标价低约 30%。如果分析师界是正确的，那么蔚来在这里是一个更好的投资，因为预计特斯拉的股价明年不会大幅上涨，而蔚来的分析师目标价有很大的上涨空间。</blockquote></p><p> <b>Is NIO Similar To Tesla?</b></p><p><blockquote><b>蔚来和特斯拉相似吗？</b></blockquote></p><p> The answer to that question depends on what you focus on. There are similarities between the two companies, but there are also differences. One could thus say that, in some ways, the two are similar, but in others, they are not. Let's look at a couple of things:</p><p><blockquote>这个问题的答案取决于你关注的是什么。这两家公司有相似之处，但也有不同之处。因此，人们可以说，在某些方面，这两者是相似的，但在其他方面，它们不是。让我们看几件事：</blockquote></p><p> <b>Business Model</b></p><p><blockquote><b>商业模式</b></blockquote></p><p> Both companies are focused on the EV space, although Tesla has, over the years, been building out a couple of other businesses as well, such as energy storage. Most of Tesla's revenues are generated through selling electric vehicles, which is also how NIO operates. Both companies are focused on the premium segment of EVs, selling higher-priced vehicles that compete with brands such as BMW, Mercedes, and Lexus. Both companies offer a small range of different vehicles, in Tesla's case those are the well-known S, X, 3, and Y, whereas NIO offers a sedan (ET7), and three SUVs (EC6, ES6, ES8). Despite the fact that NIO is a way smaller company today, the model lineups of the two companies do thus not differ too much.</p><p><blockquote>两家公司都专注于电动汽车领域，尽管特斯拉多年来也一直在发展其他一些业务，例如储能。特斯拉的大部分收入是通过销售电动汽车产生的，这也是蔚来的运营方式。两家公司都专注于电动汽车的高端市场，销售与宝马、梅赛德斯和雷克萨斯等品牌竞争的高价汽车。两家公司都提供少量不同的车辆，特斯拉是众所周知的 S、X、3 和 Y，而蔚来则提供轿车 (ET7) 和三款 SUV (EC6、ES6、ES8)。尽管蔚来如今是一家规模较小的公司，但两家公司的车型阵容并没有太大区别。</blockquote></p><p> Both companies offer some type of charging infrastructure to their customers, in Tesla's case, that's the Supercharger network, where Tesla owners can charge their cars with up to 250kW, depending on what version of Supercharger is installed. NIO is following a different approach, offering a battery-as-a-service solution to its customers. NIO owners can get their battery switched out to a fully-charged battery at NIO's stations, a process that takes a couple of minutes and is thus significantly quicker compared to the regular EV charging offered by Tesla and other EV players. BaaS thus has advantages when it comes to the time it takes for a charge/swap, but it should be noted that Tesla's Superchargers are way more common around the world compared to NIO's battery-swapping stations. Rolling out that feature in additional markets will require large capital expenditures, but NIO's offering is a unique selling point compared to what all other EV players, including Tesla, are offering. It remains to be seen whether that will ultimately pay off, but this could become a major advantage for NIO as competition in the EV space is heating up.</p><p><blockquote>两家公司都为客户提供某种类型的充电基础设施，就特斯拉而言，这就是增压器网络，特斯拉车主可以在其中为汽车充电，功率高达 250kW，具体取决于安装的增压器版本。蔚来正在采取不同的方法，为客户提供电池即服务解决方案。蔚来车主可以在蔚来充电站将电池更换为充满电的电池，这一过程只需几分钟，因此与特斯拉和其他电动汽车制造商提供的常规电动汽车充电相比要快得多。因此，BaaS在充电/更换时间方面具有优势，但应该注意的是，与蔚来的换电站相比，特斯拉的超级充电站在世界各地更为常见。在其他市场推出该功能将需要大量资本支出，但与包括特斯拉在内的所有其他电动汽车厂商所提供的产品相比，蔚来汽车的产品是一个独特的卖点。这是否最终会带来回报还有待观察，但随着电动汽车领域的竞争日益激烈，这可能成为蔚来的一大优势。</blockquote></p><p> <b>Size, growth, and valuation</b></p><p><blockquote><b>规模、增长和估值</b></blockquote></p><p></p><p> The two companies differ significantly in size, both when it comes to revenues and vehicle sales, as well as when it comes to the market value of the two companies. NIO has delivered22,000 vehicles in Q2, up 112% year over year, for an annual pace of around 90,000 vehicles. Tesla, meanwhile, has delivered 201,000 vehicles during Q2, up from 103,000 vehicles delivered during Q2 2020. This is strong growth on a year-over-year basis, although slightly below 100%, and thus below the growth rate that NIO is generating for now.</p><p><blockquote>两家公司的规模差异很大，无论是在收入和汽车销量方面，还是在两家公司的市值方面。蔚来第二季度交付了22,000辆汽车，同比增长112%，年增长率约为90,000辆。与此同时，特斯拉在第二季度交付了 201,000 辆汽车，高于 2020 年第二季度的 103,000 辆汽车。这是同比的强劲增长，尽管略低于 100%，因此低于蔚来目前的增长率。</blockquote></p><p> Tesla delivers around 9x as many vehicles compared to NIO per quarter, when we look at the market capitalizations of the two companies, we see that the ratio is almost exactly the same, as Tesla's market cap of $640 billion is ~9x as high as that of NIO, at $72 billion. At similar growth rates, that would make perfect sense, but it looks like NIO might be the better deal for now, as it trades at a comparable valuation while generating better growth. This will be especially true in the coming quarters, where Tesla's growth is expected to slow down:</p><p><blockquote>与蔚来相比，特斯拉每季度交付的汽车数量约为 9 倍，当我们查看两家公司的市值时，我们会发现这一比例几乎完全相同，因为特斯拉 6400 亿美元的市值约为 9 倍蔚来的 720 亿美元。在类似的增长率下，这将是完全有意义的，但看起来蔚来目前可能是更好的交易，因为它的估值相当，同时产生了更好的增长。未来几个季度尤其如此，特斯拉的增长预计将放缓：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a986ea65130206f99961a46ce6cfed55\" tg-width=\"635\" tg-height=\"515\" referrerpolicy=\"no-referrer\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据由YCharts提供</span></p></blockquote></p><p> Tesla is forecasted to grow its revenue from $49 billion in 2021 to $83 billion in 2023, for an annual growth rate of 30%. NIO, meanwhile, is expected to see its revenue explode upwards from $5.4 billion to $12.8 billion between 2021 and 2023, for an annual growth rate of 54%. NIO is thus expected to grow way faster than Tesla over the next two years, on a relative basis. This shouldn't be a surprise, to be honest, as the law of large numbers dictates that maintaining massive growth rates becomes increasingly hard for a company the bigger it gets, and Tesla seems to have hit that point by now -- adding 50%+ a year to its top line will not be possible forever. This isn't even necessarily Tesla's fault, in fact, many high-quality growth companies have experienced the same. But investors should still consider this important fact -- Tesla's growth in coming years will be less exciting compared to what we have seen in the past, and peers, such as NIO, are growing faster.</p><p><blockquote>预计特斯拉的收入将从2021年的490亿美元增长到2023年的830亿美元，年增长率为30%。与此同时，蔚来预计其收入将在 2021 年至 2023 年间从 54 亿美元激增至 128 亿美元，年增长率为 54%。因此，相对而言，预计未来两年蔚来的增长速度将远远超过特斯拉。老实说，这并不奇怪，因为大数定律表明，对于一家公司来说，保持巨大的增长率变得越来越困难，而特斯拉现在似乎已经达到了这一点——每年增加 50% 以上的收入是不可能永远的。这甚至不一定是特斯拉的错，事实上，许多优质成长型公司都经历过同样的事情。但投资者仍然应该考虑这个重要事实——与我们过去看到的相比，特斯拉未来几年的增长将不那么令人兴奋，而蔚来等同行的增长速度更快。</blockquote></p><p> The same holds true when we take a longer-term view. Revenue estimates for 2025 rest at$22.6 billionfor NIO, up another 80% from the 2023 estimate, and up 320% from what analysts are forecasting for 2021. Tesla, meanwhile, is forecasted to generate revenues of $122.5 billion in 2025 -- a large number, but up by a comparatively weak 48% from 2023, and up by a total of 150% versus 2021. Between 2021 and 2025, NIO will thus 4x its revenue, while Tesla will 2.5x its revenue in the same time span -- a meaningful difference that should, all else equal, allow for a premium valuation for NIO, in the same way Tesla deserves a premium valuation versus legacy players such as Volkswagen (OTCPK:VWAGY).</p><p><blockquote>当我们从长远来看时，情况也是如此。蔚来 2025 年收入预期为 226 亿美元，比 2023 年预期再增长 80%，比分析师对 2021 年的预测增长 320%。与此同时，特斯拉预计 2025 年收入将达到 1225 亿美元，这是一个很大的数字，但比 2023 年增长相对较弱的 48%，比 2021 年总共增长 150%。因此，在 2021 年至 2025 年间，蔚来的收入将增长 4 倍，而特斯拉的收入将增长 2.5 倍——在其他条件相同的情况下，这是一个有意义的差异，应该可以让蔚来获得溢价估值，就像特斯拉值得拥有与大众汽车等传统参与者相比的溢价估值（OTCPK：VWAGY）。</blockquote></p><p> Looking at revenue estimates for 2025 relative to how the two companies are valued today, we see that NIO trades at 3.2x 2025 sales, while the 2025 sales multiple for Tesla is 5.2. For a long-term oriented investor, NIO thus seems like the better value today, thanks to the fact that it is trading at a significantly lower sales multiple when we take a look into the future. This does not necessarily mean that NIO is cheap, however, as even a 3.2x 2025 sales multiple is relatively high compared to how legacy auto companies are valued. NIO is looking less expensive than Tesla, however, even if its shares are not cheap on an absolute basis.</p><p><blockquote>将 2025 年的收入预测与两家公司目前的估值进行比较，我们发现蔚来的交易价格为 2025 年销售额的 3.2 倍，而特斯拉的 2025 年销售额倍数为 5.2。对于长期投资者来说，蔚来目前似乎更有价值，因为当我们展望未来时，它的销售倍数要低得多。然而，这并不一定意味着蔚来很便宜，因为与传统汽车公司的估值相比，即使是 2025 年 3.2 倍的销售倍数也相对较高。然而，蔚来看起来比特斯拉便宜，即使其股票绝对不便宜。</blockquote></p><p> <b>Can NIO Be Worth As Much As Tesla?</b></p><p><blockquote><b>蔚来能和特斯拉一样值钱吗？</b></blockquote></p><p> The answer to that depends on what time frame you are looking at. Today, NIO is significantly smaller than Tesla and thus rightfully trades at a way smaller market cap. It should also be noted that there is no guarantee that Tesla's shares are a great example of how an EV company should be valued -- it is, at least, possible that its shares are significantly&nbsp;overpriced&nbsp;today, I personally believe that as well (Note that some will argue that shares are&nbsp;underpriced, which is also among the possibilities, although I do not hold that belief personally).</p><p><blockquote>这个问题的答案取决于你所关注的时间范围。如今，蔚来比特斯拉小得多，因此理所当然地以较小的市值进行交易。还应该指出的是，不能保证特斯拉的股票是电动汽车公司估值的一个很好的例子——至少，它的股票今天有可能被严重高估，我个人也相信这一点（请注意，有些人会认为股票价格被低估，这也是可能性之一，尽管我个人并不持有这种信念）。</blockquote></p><p></p><p> When we do, for a moment, assume that Tesla is correctly valued today and that EV companies do deserve a market cap in the $600 billion range when they sell about 800,000 vehicles a year, then NIO could eventually hit that as well, although not in the near term. NIO will sell about 90,000 vehicles this year, and that amount should grow to about 400,000 in 2025. If NIO were to grow its sales by 15% a year beyond that point, it could sell around 800,000 cars in 2030, or 9 years from now. If one wants to assume faster growth, the 800,000 vehicles a year line could also be crossed before 2030, e.g. in 2028 or 2029. If we do go with 2030 for now, then NIO could, at a similar deliveries-to-market capitalization ratio to Tesla, be valued at $600+ billion in 2030. In other words, NIO could be worth as much as Tesla (today) in nine years, when we assume that current growth projections are realistic and that a Tesla-like valuation is appropriate. Those are two major ifs, of course, and especially the second point is far from certain, I believe. I personally would not be too surprised to see Tesla's valuation compress, and thus NIO could trade well below the $600 billion market cap level in 2030, even if it continues to grow meaningfully. It is also possible that NIO's growth disappoints and that current projections are too bullish, although I think that NIO is well-positioned for growth thanks to its unique BaaS model and its strong brand that is especially well-recognized in its home market.</p><p><blockquote>当我们暂时假设特斯拉今天的估值是正确的，并且电动汽车公司每年销售约 80 万辆汽车时，确实应该获得 6000 亿美元左右的市值，那么蔚来最终也可能达到这个目标，尽管不是在短期内。蔚来今年将销售约 9 万辆汽车，到 2025 年这一数字应该会增长到约 40 万辆。如果蔚来的销量在这一点后每年增长 15%，那么到 2030 年（即 9 年后），它可能会售出约 80 万辆汽车。如果想要假设更快的增长，每年 80 万辆汽车的大关也可能在 2030 年之前跨过，例如在 2028 年或 2029 年。如果我们现在真的选择 2030 年，那么按照与特斯拉类似的交付量与市值比率，蔚来到 2030 年的估值可能会超过 6000 亿美元。换句话说，如果我们假设当前的增长预测是现实的，并且类似特斯拉的估值是合适的，那么九年后蔚来的价值可能与特斯拉（今天）一样高。当然，这是两个主要的如果，尤其是第二点，我相信还远未确定。就我个人而言，看到特斯拉的估值压缩不会太惊讶，因此蔚来在 2030 年的市值可能远低于 6000 亿美元的水平，即使它继续大幅增长。蔚来汽车的增长也有可能令人失望，目前的预测过于乐观，尽管我认为蔚来凭借其独特的BaaS模式和在国内市场尤其知名的强大品牌，处于有利的增长位置。</blockquote></p><p> It should also be noted that Tesla's market cap in 2030 could be very different from $600 billion, thus even in case NIO hits that level, it is not at all guaranteed that the two companies will have a similar market cap. Tesla might be valued at a way higher valuation by then, e.g. if the ARK model is right (something I personally think is unlikely). To answer the above question, one could thus say that NIO might be worth hundreds of billions of dollars, like Tesla, in 8-10 years, but that is not at all guaranteed. And even if that were to happen, Tesla might be worth significantly more by then.</p><p><blockquote>还需要注意的是，特斯拉2030年的市值可能与6000亿美元有很大不同，因此即使蔚来达到这个水平，也根本不能保证两家公司的市值相似。到那时，特斯拉的估值可能会更高，例如，如果方舟模型是正确的（我个人认为不太可能）。为了回答上述问题，人们可以说，蔚来可能在8-10年内价值数千亿美元，就像特斯拉一样，但这根本不能保证。即使发生了这种情况，到那时特斯拉的价值可能会高得多。</blockquote></p><p> <b>Is NIO A Good Stock To Buy Or Sell Now?</b></p><p><blockquote><b>蔚来现在是买入还是卖出的好股票？</b></blockquote></p><p> When considering NIO as an investment, it doesn't really matter all that much whether it will become as large or highly valued as Tesla eventually. Instead, investors should ask themselves what total returns they can expect over the next couple of years, and whether those expected returns are high enough relative to the risks in NIO's business model. Regarding those risks, one should mention the fact that the company isn't profitable yet, which means that NIO is dependent on cash on its balance sheet for growth investments. On top of that, competition in the EV space is growing, and market share battles could pressure margins in coming years, although NIO seems relatively well-positioned thanks to its battery-swapping, which is, I believe, a strong USP. Last but not least, the company's dependence on its home market China is a potential risk that should be kept in mind, although it should also be noted that, for now, it seems like the Chinese government is very accommodating to Chinese EV companies.</p><p><blockquote>当将蔚来视为一项投资时，它最终是否会变得像特斯拉一样大或高估值并不重要。相反，投资者应该问问自己，未来几年他们可以预期的总回报是多少，以及这些预期回报相对于蔚来商业模式的风险是否足够高。关于这些风险，值得一提的是，该公司尚未盈利，这意味着蔚来依赖其资产负债表上的现金进行增长投资。最重要的是，电动汽车领域的竞争正在加剧，市场份额之争可能会在未来几年给利润率带来压力，尽管蔚来似乎由于其电池更换而处于相对有利的地位，我相信这是一个强大的卖点。最后但并非最不重要的一点是，该公司对中国本土市场的依赖是一个应牢记的潜在风险，尽管还应该指出的是，目前中国政府似乎对中国电动汽车公司非常宽容。</blockquote></p><p> One could argue that valuations across the whole EV industry are too high, relative to how legacy auto companies are valued. Even those legacy players with attractive EV offerings such as Volkswagen or Ford trade at huge discounts compared to EV pureplays. But if one wants to invest in an EV pureplay, NIO doesn't seem like a bad choice. The company combines a strong brand, a unique BaaS offering, high growth rates, and shares trade at a discount compared to how the EV king Tesla is valued. At a little above 3x 2025 revenue, NIO does not seem overly expensive relative to other EV pureplays, although this still represents a premium versus legacy players, of course. If NIO manages to execute well and continues to roll out new models that are well-received by consumers, its shares could have significant upside potential in the long run. If EV stocks ever become an out-of-favor investment, NIO stock also could have considerable downside, however, this thus is not a low-risk pick. Depending on your risk tolerance, NIO could still be of value if you want a high-growth EV pureplay.</p><p><blockquote>有人可能会说，相对于传统汽车公司的估值，整个电动汽车行业的估值过高。与纯电动汽车相比，即使是大众或福特等拥有有吸引力的电动汽车产品的传统厂商也能享受巨大的折扣。但如果想投资电动汽车 pureplay，蔚来似乎并不是一个糟糕的选择。该公司结合了强大的品牌、独特的 BaaS 产品、高增长率以及与电动汽车之王特斯拉的估值相比折扣的股票交易。蔚来的收入略高于 2025 年的 3 倍，与其他电动汽车纯电动汽车相比似乎并不算太贵，尽管当然，这仍然代表着与传统厂商相比的溢价。如果蔚来能够很好地执行并继续推出深受消费者欢迎的新车型，从长远来看，其股价可能具有巨大的上涨潜力。如果电动汽车股票成为不受欢迎的投资，蔚来股票也可能有相当大的负面影响，然而，这并不是一个低风险的选择。根据您的风险承受能力，如果您想要高增长的电动汽车 pureplay，蔚来仍然很有价值。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4440950-will-nio-stock-follow-tesla-what-to-consider-ev-stocks\">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":{"TSLA":"特斯拉","NIO":"蔚来"},"source_url":"https://seekingalpha.com/article/4440950-will-nio-stock-follow-tesla-what-to-consider-ev-stocks","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112927800","content_text":"Summary\n\nLet's take a look at how NIO compares to Tesla today, NIO's unique selling points, and the similarities between the two companies.\nNIO is a high-growth choice that does not seem overly expensive relative to how Tesla is valued.\nNIO is not a low-risk stock, however, and it may not be a good choice for everyone. Investors should also consider NIO's valuation versus legacy car companies.\n\nipopba/iStock via Getty Images\nArticle Thesis\nNIO, Inc. (NIO) is one of China's leading EV players, and has, through an attractive brand and its unique BaaS offering, attracted a lot of interest from consumers and investors. Today, however, the company is still way smaller than Tesla (TSLA), which is currently leading the global EV market. NIO is focused on its home market right now, which was true when Tesla was a smaller company as well, but NIO will try to grab market share in overseas markets as well. Shares are pricing in a lot of growth already, but if NIO can replicate Tesla's success, that could be more than justified.\nNIO And TSLA Stock Prices\nBoth companies have benefitted from growing interest in EVs during 2020, a trend that saw share prices of most EV pureplays rise rapidly. The combination of growing market share for EVs, accommodating policies such as subsidies for EV purchases, and massive monetary stimulus let shares of NIO and TSLA rise rapidly. NIO is up 245% over the last year, while TSLA is up 101% over the same time. Both companies are currently trading below their all-time highs, however, which were hit in early 2021 before market sentiment for EV pureplays cooled to some degree.\nData by YCharts\nTaking a quick look at analyst price targets, we see that Tesla is trading almost perfectly in line with the consensus, whereas NIO trades about 30% below the analyst target. If the analyst community is right, then NIO is a substantially better investment right here, as Tesla is not expected to see its shares rise meaningfully over the next year, whereas NIO has significant upside to the analyst price target.\nIs NIO Similar To Tesla?\nThe answer to that question depends on what you focus on. There are similarities between the two companies, but there are also differences. One could thus say that, in some ways, the two are similar, but in others, they are not. Let's look at a couple of things:\nBusiness Model\nBoth companies are focused on the EV space, although Tesla has, over the years, been building out a couple of other businesses as well, such as energy storage. Most of Tesla's revenues are generated through selling electric vehicles, which is also how NIO operates. Both companies are focused on the premium segment of EVs, selling higher-priced vehicles that compete with brands such as BMW, Mercedes, and Lexus. Both companies offer a small range of different vehicles, in Tesla's case those are the well-known S, X, 3, and Y, whereas NIO offers a sedan (ET7), and three SUVs (EC6, ES6, ES8). Despite the fact that NIO is a way smaller company today, the model lineups of the two companies do thus not differ too much.\nBoth companies offer some type of charging infrastructure to their customers, in Tesla's case, that's the Supercharger network, where Tesla owners can charge their cars with up to 250kW, depending on what version of Supercharger is installed. NIO is following a different approach, offering a battery-as-a-service solution to its customers. NIO owners can get their battery switched out to a fully-charged battery at NIO's stations, a process that takes a couple of minutes and is thus significantly quicker compared to the regular EV charging offered by Tesla and other EV players. BaaS thus has advantages when it comes to the time it takes for a charge/swap, but it should be noted that Tesla's Superchargers are way more common around the world compared to NIO's battery-swapping stations. Rolling out that feature in additional markets will require large capital expenditures, but NIO's offering is a unique selling point compared to what all other EV players, including Tesla, are offering. It remains to be seen whether that will ultimately pay off, but this could become a major advantage for NIO as competition in the EV space is heating up.\nSize, growth, and valuation\nThe two companies differ significantly in size, both when it comes to revenues and vehicle sales, as well as when it comes to the market value of the two companies. NIO has delivered22,000 vehicles in Q2, up 112% year over year, for an annual pace of around 90,000 vehicles. Tesla, meanwhile, has delivered 201,000 vehicles during Q2, up from 103,000 vehicles delivered during Q2 2020. This is strong growth on a year-over-year basis, although slightly below 100%, and thus below the growth rate that NIO is generating for now.\nTesla delivers around 9x as many vehicles compared to NIO per quarter, when we look at the market capitalizations of the two companies, we see that the ratio is almost exactly the same, as Tesla's market cap of $640 billion is ~9x as high as that of NIO, at $72 billion. At similar growth rates, that would make perfect sense, but it looks like NIO might be the better deal for now, as it trades at a comparable valuation while generating better growth. This will be especially true in the coming quarters, where Tesla's growth is expected to slow down:\nData by YCharts\nTesla is forecasted to grow its revenue from $49 billion in 2021 to $83 billion in 2023, for an annual growth rate of 30%. NIO, meanwhile, is expected to see its revenue explode upwards from $5.4 billion to $12.8 billion between 2021 and 2023, for an annual growth rate of 54%. NIO is thus expected to grow way faster than Tesla over the next two years, on a relative basis. This shouldn't be a surprise, to be honest, as the law of large numbers dictates that maintaining massive growth rates becomes increasingly hard for a company the bigger it gets, and Tesla seems to have hit that point by now -- adding 50%+ a year to its top line will not be possible forever. This isn't even necessarily Tesla's fault, in fact, many high-quality growth companies have experienced the same. But investors should still consider this important fact -- Tesla's growth in coming years will be less exciting compared to what we have seen in the past, and peers, such as NIO, are growing faster.\nThe same holds true when we take a longer-term view. Revenue estimates for 2025 rest at$22.6 billionfor NIO, up another 80% from the 2023 estimate, and up 320% from what analysts are forecasting for 2021. Tesla, meanwhile, is forecasted to generate revenues of $122.5 billion in 2025 -- a large number, but up by a comparatively weak 48% from 2023, and up by a total of 150% versus 2021. Between 2021 and 2025, NIO will thus 4x its revenue, while Tesla will 2.5x its revenue in the same time span -- a meaningful difference that should, all else equal, allow for a premium valuation for NIO, in the same way Tesla deserves a premium valuation versus legacy players such as Volkswagen (OTCPK:VWAGY).\nLooking at revenue estimates for 2025 relative to how the two companies are valued today, we see that NIO trades at 3.2x 2025 sales, while the 2025 sales multiple for Tesla is 5.2. For a long-term oriented investor, NIO thus seems like the better value today, thanks to the fact that it is trading at a significantly lower sales multiple when we take a look into the future. This does not necessarily mean that NIO is cheap, however, as even a 3.2x 2025 sales multiple is relatively high compared to how legacy auto companies are valued. NIO is looking less expensive than Tesla, however, even if its shares are not cheap on an absolute basis.\nCan NIO Be Worth As Much As Tesla?\nThe answer to that depends on what time frame you are looking at. Today, NIO is significantly smaller than Tesla and thus rightfully trades at a way smaller market cap. It should also be noted that there is no guarantee that Tesla's shares are a great example of how an EV company should be valued -- it is, at least, possible that its shares are significantly overpriced today, I personally believe that as well (Note that some will argue that shares are underpriced, which is also among the possibilities, although I do not hold that belief personally).\nWhen we do, for a moment, assume that Tesla is correctly valued today and that EV companies do deserve a market cap in the $600 billion range when they sell about 800,000 vehicles a year, then NIO could eventually hit that as well, although not in the near term. NIO will sell about 90,000 vehicles this year, and that amount should grow to about 400,000 in 2025. If NIO were to grow its sales by 15% a year beyond that point, it could sell around 800,000 cars in 2030, or 9 years from now. If one wants to assume faster growth, the 800,000 vehicles a year line could also be crossed before 2030, e.g. in 2028 or 2029. If we do go with 2030 for now, then NIO could, at a similar deliveries-to-market capitalization ratio to Tesla, be valued at $600+ billion in 2030. In other words, NIO could be worth as much as Tesla (today) in nine years, when we assume that current growth projections are realistic and that a Tesla-like valuation is appropriate. Those are two major ifs, of course, and especially the second point is far from certain, I believe. I personally would not be too surprised to see Tesla's valuation compress, and thus NIO could trade well below the $600 billion market cap level in 2030, even if it continues to grow meaningfully. It is also possible that NIO's growth disappoints and that current projections are too bullish, although I think that NIO is well-positioned for growth thanks to its unique BaaS model and its strong brand that is especially well-recognized in its home market.\nIt should also be noted that Tesla's market cap in 2030 could be very different from $600 billion, thus even in case NIO hits that level, it is not at all guaranteed that the two companies will have a similar market cap. Tesla might be valued at a way higher valuation by then, e.g. if the ARK model is right (something I personally think is unlikely). To answer the above question, one could thus say that NIO might be worth hundreds of billions of dollars, like Tesla, in 8-10 years, but that is not at all guaranteed. And even if that were to happen, Tesla might be worth significantly more by then.\nIs NIO A Good Stock To Buy Or Sell Now?\nWhen considering NIO as an investment, it doesn't really matter all that much whether it will become as large or highly valued as Tesla eventually. Instead, investors should ask themselves what total returns they can expect over the next couple of years, and whether those expected returns are high enough relative to the risks in NIO's business model. Regarding those risks, one should mention the fact that the company isn't profitable yet, which means that NIO is dependent on cash on its balance sheet for growth investments. On top of that, competition in the EV space is growing, and market share battles could pressure margins in coming years, although NIO seems relatively well-positioned thanks to its battery-swapping, which is, I believe, a strong USP. Last but not least, the company's dependence on its home market China is a potential risk that should be kept in mind, although it should also be noted that, for now, it seems like the Chinese government is very accommodating to Chinese EV companies.\nOne could argue that valuations across the whole EV industry are too high, relative to how legacy auto companies are valued. Even those legacy players with attractive EV offerings such as Volkswagen or Ford trade at huge discounts compared to EV pureplays. But if one wants to invest in an EV pureplay, NIO doesn't seem like a bad choice. The company combines a strong brand, a unique BaaS offering, high growth rates, and shares trade at a discount compared to how the EV king Tesla is valued. At a little above 3x 2025 revenue, NIO does not seem overly expensive relative to other EV pureplays, although this still represents a premium versus legacy players, of course. If NIO manages to execute well and continues to roll out new models that are well-received by consumers, its shares could have significant upside potential in the long run. If EV stocks ever become an out-of-favor investment, NIO stock also could have considerable downside, however, this thus is not a low-risk pick. Depending on your risk tolerance, NIO could still be of value if you want a high-growth EV pureplay.","news_type":1,"symbols_score_info":{"NIO":0.9,"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":616,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":123860723,"gmtCreate":1624416106862,"gmtModify":1634006419879,"author":{"id":"3576420733683738","authorId":"3576420733683738","name":"markkk","avatar":"https://static.tigerbbs.com/df42d8e8fb0e4c7a09fcf6592b170a1e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576420733683738","authorIdStr":"3576420733683738"},"themes":[],"title":"","htmlText":"nice","listText":"nice","text":"nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/123860723","repostId":"1189982937","repostType":4,"repost":{"id":"1189982937","kind":"news","pubTimestamp":1624415421,"share":"https://www.laohunote.com/m/news/1189982937?lang=zh_CN&edition=full","pubTime":"2021-06-23 10:30","market":"us","language":"en","title":"Canada Passes Sports Betting Legislation: 3 Stocks That Could Benefit<blockquote>加拿大通过体育博彩立法：3 只可能受益的股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1189982937","media":"Benzinga","summary":"The Canadian Senate has passed Bill C-218 approving single event sports betting in the country. The ","content":"<p><div> The Canadian Senate has passed Bill C-218 approving single event sports betting in the country. The billreceived57 votes for, 20 against and five abstained votes. The bill will become law in the ...</p><p><blockquote><div>加拿大参议院通过了C-218号法案，批准该国的单一赛事体育博彩。该法案获得57票赞成，20票反对，5票弃权。该法案将在#年成为法律……</div></blockquote></p><p>  <a href=\"https://www.benzinga.com/government/21/06/21673782/canada-passes-sports-betting-legislation-3-stocks-that-could-benefit\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.benzinga.com/government/21/06/21673782/canada-passes-sports-betting-legislation-3-stocks-that-could-benefit\">网页连接</a></blockquote></p><p></p>","source":"lsy1606299360108","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Canada Passes Sports Betting Legislation: 3 Stocks That Could Benefit<blockquote>加拿大通过体育博彩立法：3 只可能受益的股票</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCanada Passes Sports Betting Legislation: 3 Stocks That Could Benefit<blockquote>加拿大通过体育博彩立法：3 只可能受益的股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Benzinga</strong><span class=\"h-time small\">2021-06-23 10:30</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> The Canadian Senate has passed Bill C-218 approving single event sports betting in the country. The billreceived57 votes for, 20 against and five abstained votes. The bill will become law in the ...</p><p><blockquote><div>加拿大参议院通过了C-218号法案，批准该国的单一赛事体育博彩。该法案获得57票赞成，20票反对，5票弃权。该法案将在#年成为法律……</div></blockquote></p><p>  <a href=\"https://www.benzinga.com/government/21/06/21673782/canada-passes-sports-betting-legislation-3-stocks-that-could-benefit\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.benzinga.com/government/21/06/21673782/canada-passes-sports-betting-legislation-3-stocks-that-could-benefit\">网页连接</a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.benzinga.com/government/21/06/21673782/canada-passes-sports-betting-legislation-3-stocks-that-could-benefit\">Benzinga</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MGM":"美高梅","DKNG":"DraftKings Inc."},"source_url":"https://www.benzinga.com/government/21/06/21673782/canada-passes-sports-betting-legislation-3-stocks-that-could-benefit","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1189982937","content_text":"The Canadian Senate has passed Bill C-218 approving single event sports betting in the country. The billreceived57 votes for, 20 against and five abstained votes.\nThe bill will become law in the coming days, according to Senator David Wells. Industry experts expect sports betting to be operating in the country by the fall.\nCanada has a population of around 38 million people, similar to the state of California, representing a large untapped market for online sports betting companies.\nHere are three companies that could benefit from the passing of Bill C-218.\nScore Media:Canadian media and sports betting company Score Media and Gaming could be one of the biggest winners with the new legislation. The company recently completed a public listing in the U.S. after previously trading OTC. Score Mediagetsaround 20% of its traffic from Canada and is a well-known brand in the country. This could help it easily capture interest from potential sports bettors through its app that is already trusted for sports news in the country.\nThe company has a deal in place with Penn National Gaming giving it access to up to 11 U.S. states over the next 20 years. As part of the deal, Penn National owns 4.9% of the company. Given its strong media presence in Canada, Score Media could quickly become an acquisition target of larger online sports betting companies.\nDraftKings:Sports betting company DraftKings Inc is seen as a winner from Canada adding sports betting. Several analystshighlightedthe Canadian market not being priced into prior estimates with launches coming in the country by 2022. Rosenblatt analyst Bernie McTernan said Canada could add $100 million in revenue for DraftKings by fiscal 2023.\nDraftKingsaddedto its daily fantasy partnership with the National Football League to include Canada. This could give a nice solid user base to DraftKings of potential sports betting customers in the country.\nMGM Resorts International:Signing Wayne Gretzky as a brand ambassador for the BetMGM brand could have been the perfect foreshadowing to Canada legalizing sports betting. BetMGM, a joint venture from MGM Resorts International and Entain,announcedthe addition of Gretzky recently in a multi-year brand ambassador deal to help with marketing efforts of the BetMGM brand in North America.\n“We’re proud to welcome him to the BetMGM team. As we look toward potential expansion into Canada and elsewhere throughout the United States, Wayne will bring a unique ability to tell our brand story,” BetMGM Chief Revenue Officer Matt Prevost said.","news_type":1,"symbols_score_info":{"DKNG":0.9,"MGM":0.9,"SCR":0.9}},"isVote":1,"tweetType":1,"viewCount":775,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":891465937,"gmtCreate":1628413304429,"gmtModify":1631889822699,"author":{"id":"3576420733683738","authorId":"3576420733683738","name":"markkk","avatar":"https://static.tigerbbs.com/df42d8e8fb0e4c7a09fcf6592b170a1e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576420733683738","authorIdStr":"3576420733683738"},"themes":[],"title":"","htmlText":"moi","listText":"moi","text":"moi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/891465937","repostId":"2157901414","repostType":4,"isVote":1,"tweetType":1,"viewCount":2650,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":809144610,"gmtCreate":1627354762030,"gmtModify":1633765783723,"author":{"id":"3576420733683738","authorId":"3576420733683738","name":"markkk","avatar":"https://static.tigerbbs.com/df42d8e8fb0e4c7a09fcf6592b170a1e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576420733683738","authorIdStr":"3576420733683738"},"themes":[],"title":"","htmlText":"nice","listText":"nice","text":"nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/809144610","repostId":"1162276557","repostType":4,"repost":{"id":"1162276557","kind":"news","pubTimestamp":1627354107,"share":"https://www.laohunote.com/m/news/1162276557?lang=zh_CN&edition=full","pubTime":"2021-07-27 10:48","market":"us","language":"en","title":"Stock Split Watch: Is Amazon Next?<blockquote>股票分割观察：亚马逊是下一个吗？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1162276557","media":"Motley Fool","summary":"Key Points\n\nAmazon reports earnings on Thursday, making that an ideal time to announce a stock split","content":"<p>Key Points</p><p><blockquote>要点</blockquote></p><p> <ul>  <li>Amazon reports earnings on Thursday, making that an ideal time to announce a stock split.</li>  <li>There are only three other U.S.-exchange-listed stocks trading at higher price points than Amazon.</li>  <li>This will be new CEO Andy Jassy's first earnings call as the e-commerce giant's helmsman. A stock split would be a great way to set himself apart from Jeffrey Bezos.</li> </ul> The chatter calling for&nbsp;<b>Amazon.com</b>&nbsp;(NASDAQ:AMZN)to execute a stock split is diminishing, but that's surprising. The stock continues to rise, making thearguments for a lower share pricevia a split all the more tantalizing.</p><p><blockquote><ul><li>亚马逊周四公布财报，这是宣布股票分割的理想时机。</li><li>只有另外三只在美国交易所上市的股票的交易价格高于亚马逊。</li><li>这将是新任首席执行官 Andy Jassy 作为这家电子商务巨头掌舵人的首次盈利看涨期权。股票分割将是让自己与杰弗里·贝佐斯区分开来的好方法。</li></ul>喋喋不休<b>亚马逊</b>（纳斯达克股票代码：AMZN）执行股票分割的可能性正在减少，但这令人惊讶。该股继续上涨，使得通过分拆降低股价的理由更加诱人。</blockquote></p><p> There are also a couple of good reasons why Amazon should announce a stock split as soon as later this week. You might think these bookkeeping moves are silly zero-sum games, and that's fair. However, a lot of other market watchers see an Amazon split as the key to attracting even more retail investors while also making life easier for options traders. Let's see why Amazon could be the next major stock to declare a stock split.</p><p><blockquote>亚马逊最早在本周晚些时候宣布股票分割也有几个很好的理由。你可能会认为这些记账动作是愚蠢的零和游戏，这是公平的。然而，许多其他市场观察人士认为，亚马逊分拆是吸引更多散户投资者的关键，同时也让期权交易者的生活更轻松。让我们看看为什么亚马逊可能成为下一只宣布股票分割的主要股票。</blockquote></p><p> <b>Amazon is rocking</b></p><p><blockquote><b>亚马逊正在摇摆</b></blockquote></p><p> It's good to be Amazon. The e-tail king was doing just fine before the pandemic shifted e-commerce into an even higher gear. The38% increase in net salesthat Amazon posted last year was its heartiest top-line gain in nine years.</p><p><blockquote>做亚马逊真好。在疫情将电子商务推向更高阶段之前，电子零售之王做得很好。亚马逊去年公布的净销售额增长38%，是其九年来最令人鼓舞的营收增长。</blockquote></p><p> Things aren't slowing down in 2021. Revenuesoared 44%during the first three months of this year.</p><p><blockquote>2021年事情不会放缓。今年前三个月收入飙升 44%。</blockquote></p><p> Investors are paying attention. Amazon held up better than most growth stocks during the correction earlier this year. It enters this trading week within 3% of the all-time high it hit two weeks ago.</p><p><blockquote>投资者正在关注。在今年早些时候的调整中，亚马逊的表现优于大多数成长型股票。进入本周交易时，该股距离两周前创下的历史高点不到 3%。</blockquote></p><p> There are only three U.S.-exchange-listed stocks trading at higher price points than the roughly $3,700 that Amazon is fetching as of Monday morning. Amazon's market cap is more than double those of the three higher-priced stocks combined. It's time for a stock split.</p><p><blockquote>截至周一上午，只有三只在美国交易所上市的股票的交易价格高于亚马逊的约 3,700 美元。亚马逊的市值是三只高价股票总和的两倍多。是时候进行股票分割了。</blockquote></p><p> <b>The clock is rolling</b></p><p><blockquote><b>时钟在流动</b></blockquote></p><p> Amazon reports its second-quarter results after market close on Thursday. Stock splits are often announced during an earnings release, whether the report itself is positive or negative.</p><p><blockquote>亚马逊周四收盘后公布第二季度业绩。股票分割通常在财报发布期间宣布，无论报告本身是正面的还是负面的。</blockquote></p><p> Adding to the likelihood of a stock split is that CEO Jeff Bezos officially stepped down as CEO earlier this month. If new CEO Andy Jassy wants to break the mold, there is no easier move than declaring the stock split that Bezos never cared to execute.</p><p><blockquote>首席执行官杰夫·贝索斯本月早些时候正式辞去首席执行官职务，这增加了股票分割的可能性。如果新任首席执行官安迪·贾西 (Andy Jassy) 想要打破这种模式，那么没有比宣布贝佐斯从未关心过执行的股票分割更容易的了。</blockquote></p><p> A stock split is a zero-sum game. A single share of Amazon at $3,700 would be the same thing as 50 shares at $74. However, it's not easy to trade options on a $3,700 stock. We're not just talking about throwing speculators a bone, as there are plenty of conservative risk-management tools available for long-term Amazon investors through the options market.</p><p><blockquote>股票分割是一个零和游戏。亚马逊的单股价格为 3,700 美元，相当于 50 股价格为 74 美元。然而，交易 3,700 美元股票的期权并不容易。我们不仅仅是在谈论向投机者扔骨头，因为通过期权市场，亚马逊的长期投资者可以使用大量保守的风险管理工具。</blockquote></p><p> Stock splits may not seem to matter as much as they did just a few years ago. Investors can buy fractional shares through a growing number of brokers. Zero-commission trading makes it easier than ever to buy a couple of shares at a time. However, there is still a natural attraction to low stock prices.</p><p><blockquote>股票分割似乎不像几年前那么重要了。投资者可以通过越来越多的经纪商购买零股。零佣金交易使一次购买几只股票比以往任何时候都更容易。然而，低股价仍然有天然的吸引力。</blockquote></p><p> A lower stock price would also make Amazon a no-brainer addition to the Dow Jones Industrial Average the next time the archaic but still relevant index shakes up its 30 members. In short, you don't have to be a fan ofstock splitsto see how an increase in retail and possibly institutional ownership can make Amazon even more valuable.</p><p><blockquote>下次道琼斯工业平均指数（Dow Jones Industrial Average）重组其 30 个成员时，较低的股价也将使亚马逊成为该指数的明智之举。简而言之，你不必是库存分割的粉丝，就能明白零售和可能的机构所有权的增加如何让亚马逊变得更有价值。</blockquote></p><p> Your legacy begins now, Jassy. A stock split makes more sense than you probably think.</p><p><blockquote>你的遗产从现在开始，贾西。股票分割比你想象的更有意义。</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>Stock Split Watch: Is Amazon Next?<blockquote>股票分割观察：亚马逊是下一个吗？</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Split Watch: Is Amazon Next?<blockquote>股票分割观察：亚马逊是下一个吗？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Motley Fool</strong><span class=\"h-time small\">2021-07-27 10:48</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Key Points</p><p><blockquote>要点</blockquote></p><p> <ul>  <li>Amazon reports earnings on Thursday, making that an ideal time to announce a stock split.</li>  <li>There are only three other U.S.-exchange-listed stocks trading at higher price points than Amazon.</li>  <li>This will be new CEO Andy Jassy's first earnings call as the e-commerce giant's helmsman. A stock split would be a great way to set himself apart from Jeffrey Bezos.</li> </ul> The chatter calling for&nbsp;<b>Amazon.com</b>&nbsp;(NASDAQ:AMZN)to execute a stock split is diminishing, but that's surprising. The stock continues to rise, making thearguments for a lower share pricevia a split all the more tantalizing.</p><p><blockquote><ul><li>亚马逊周四公布财报，这是宣布股票分割的理想时机。</li><li>只有另外三只在美国交易所上市的股票的交易价格高于亚马逊。</li><li>这将是新任首席执行官 Andy Jassy 作为这家电子商务巨头掌舵人的首次盈利看涨期权。股票分割将是让自己与杰弗里·贝佐斯区分开来的好方法。</li></ul>喋喋不休<b>亚马逊</b>（纳斯达克股票代码：AMZN）执行股票分割的可能性正在减少，但这令人惊讶。该股继续上涨，使得通过分拆降低股价的理由更加诱人。</blockquote></p><p> There are also a couple of good reasons why Amazon should announce a stock split as soon as later this week. You might think these bookkeeping moves are silly zero-sum games, and that's fair. However, a lot of other market watchers see an Amazon split as the key to attracting even more retail investors while also making life easier for options traders. Let's see why Amazon could be the next major stock to declare a stock split.</p><p><blockquote>亚马逊最早在本周晚些时候宣布股票分割也有几个很好的理由。你可能会认为这些记账动作是愚蠢的零和游戏，这是公平的。然而，许多其他市场观察人士认为，亚马逊分拆是吸引更多散户投资者的关键，同时也让期权交易者的生活更轻松。让我们看看为什么亚马逊可能成为下一只宣布股票分割的主要股票。</blockquote></p><p> <b>Amazon is rocking</b></p><p><blockquote><b>亚马逊正在摇摆</b></blockquote></p><p> It's good to be Amazon. The e-tail king was doing just fine before the pandemic shifted e-commerce into an even higher gear. The38% increase in net salesthat Amazon posted last year was its heartiest top-line gain in nine years.</p><p><blockquote>做亚马逊真好。在疫情将电子商务推向更高阶段之前，电子零售之王做得很好。亚马逊去年公布的净销售额增长38%，是其九年来最令人鼓舞的营收增长。</blockquote></p><p> Things aren't slowing down in 2021. Revenuesoared 44%during the first three months of this year.</p><p><blockquote>2021年事情不会放缓。今年前三个月收入飙升 44%。</blockquote></p><p> Investors are paying attention. Amazon held up better than most growth stocks during the correction earlier this year. It enters this trading week within 3% of the all-time high it hit two weeks ago.</p><p><blockquote>投资者正在关注。在今年早些时候的调整中，亚马逊的表现优于大多数成长型股票。进入本周交易时，该股距离两周前创下的历史高点不到 3%。</blockquote></p><p> There are only three U.S.-exchange-listed stocks trading at higher price points than the roughly $3,700 that Amazon is fetching as of Monday morning. Amazon's market cap is more than double those of the three higher-priced stocks combined. It's time for a stock split.</p><p><blockquote>截至周一上午，只有三只在美国交易所上市的股票的交易价格高于亚马逊的约 3,700 美元。亚马逊的市值是三只高价股票总和的两倍多。是时候进行股票分割了。</blockquote></p><p> <b>The clock is rolling</b></p><p><blockquote><b>时钟在流动</b></blockquote></p><p> Amazon reports its second-quarter results after market close on Thursday. Stock splits are often announced during an earnings release, whether the report itself is positive or negative.</p><p><blockquote>亚马逊周四收盘后公布第二季度业绩。股票分割通常在财报发布期间宣布，无论报告本身是正面的还是负面的。</blockquote></p><p> Adding to the likelihood of a stock split is that CEO Jeff Bezos officially stepped down as CEO earlier this month. If new CEO Andy Jassy wants to break the mold, there is no easier move than declaring the stock split that Bezos never cared to execute.</p><p><blockquote>首席执行官杰夫·贝索斯本月早些时候正式辞去首席执行官职务，这增加了股票分割的可能性。如果新任首席执行官安迪·贾西 (Andy Jassy) 想要打破这种模式，那么没有比宣布贝佐斯从未关心过执行的股票分割更容易的了。</blockquote></p><p> A stock split is a zero-sum game. A single share of Amazon at $3,700 would be the same thing as 50 shares at $74. However, it's not easy to trade options on a $3,700 stock. We're not just talking about throwing speculators a bone, as there are plenty of conservative risk-management tools available for long-term Amazon investors through the options market.</p><p><blockquote>股票分割是一个零和游戏。亚马逊的单股价格为 3,700 美元，相当于 50 股价格为 74 美元。然而，交易 3,700 美元股票的期权并不容易。我们不仅仅是在谈论向投机者扔骨头，因为通过期权市场，亚马逊的长期投资者可以使用大量保守的风险管理工具。</blockquote></p><p> Stock splits may not seem to matter as much as they did just a few years ago. Investors can buy fractional shares through a growing number of brokers. Zero-commission trading makes it easier than ever to buy a couple of shares at a time. However, there is still a natural attraction to low stock prices.</p><p><blockquote>股票分割似乎不像几年前那么重要了。投资者可以通过越来越多的经纪商购买零股。零佣金交易使一次购买几只股票比以往任何时候都更容易。然而，低股价仍然有天然的吸引力。</blockquote></p><p> A lower stock price would also make Amazon a no-brainer addition to the Dow Jones Industrial Average the next time the archaic but still relevant index shakes up its 30 members. In short, you don't have to be a fan ofstock splitsto see how an increase in retail and possibly institutional ownership can make Amazon even more valuable.</p><p><blockquote>下次道琼斯工业平均指数（Dow Jones Industrial Average）重组其 30 个成员时，较低的股价也将使亚马逊成为该指数的明智之举。简而言之，你不必是库存分割的粉丝，就能明白零售和可能的机构所有权的增加如何让亚马逊变得更有价值。</blockquote></p><p> Your legacy begins now, Jassy. A stock split makes more sense than you probably think.</p><p><blockquote>你的遗产从现在开始，贾西。股票分割比你想象的更有意义。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/07/26/stock-split-watch-is-amazon-next/\">Motley Fool</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊"},"source_url":"https://www.fool.com/investing/2021/07/26/stock-split-watch-is-amazon-next/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162276557","content_text":"Key Points\n\nAmazon reports earnings on Thursday, making that an ideal time to announce a stock split.\nThere are only three other U.S.-exchange-listed stocks trading at higher price points than Amazon.\nThis will be new CEO Andy Jassy's first earnings call as the e-commerce giant's helmsman. A stock split would be a great way to set himself apart from Jeffrey Bezos.\n\nThe chatter calling for Amazon.com (NASDAQ:AMZN)to execute a stock split is diminishing, but that's surprising. The stock continues to rise, making thearguments for a lower share pricevia a split all the more tantalizing.\nThere are also a couple of good reasons why Amazon should announce a stock split as soon as later this week. You might think these bookkeeping moves are silly zero-sum games, and that's fair. However, a lot of other market watchers see an Amazon split as the key to attracting even more retail investors while also making life easier for options traders. Let's see why Amazon could be the next major stock to declare a stock split.\nAmazon is rocking\nIt's good to be Amazon. The e-tail king was doing just fine before the pandemic shifted e-commerce into an even higher gear. The38% increase in net salesthat Amazon posted last year was its heartiest top-line gain in nine years.\nThings aren't slowing down in 2021. Revenuesoared 44%during the first three months of this year.\nInvestors are paying attention. Amazon held up better than most growth stocks during the correction earlier this year. It enters this trading week within 3% of the all-time high it hit two weeks ago.\nThere are only three U.S.-exchange-listed stocks trading at higher price points than the roughly $3,700 that Amazon is fetching as of Monday morning. Amazon's market cap is more than double those of the three higher-priced stocks combined. It's time for a stock split.\nThe clock is rolling\nAmazon reports its second-quarter results after market close on Thursday. Stock splits are often announced during an earnings release, whether the report itself is positive or negative.\nAdding to the likelihood of a stock split is that CEO Jeff Bezos officially stepped down as CEO earlier this month. If new CEO Andy Jassy wants to break the mold, there is no easier move than declaring the stock split that Bezos never cared to execute.\nA stock split is a zero-sum game. A single share of Amazon at $3,700 would be the same thing as 50 shares at $74. However, it's not easy to trade options on a $3,700 stock. We're not just talking about throwing speculators a bone, as there are plenty of conservative risk-management tools available for long-term Amazon investors through the options market.\nStock splits may not seem to matter as much as they did just a few years ago. Investors can buy fractional shares through a growing number of brokers. Zero-commission trading makes it easier than ever to buy a couple of shares at a time. However, there is still a natural attraction to low stock prices.\nA lower stock price would also make Amazon a no-brainer addition to the Dow Jones Industrial Average the next time the archaic but still relevant index shakes up its 30 members. In short, you don't have to be a fan ofstock splitsto see how an increase in retail and possibly institutional ownership can make Amazon even more valuable.\nYour legacy begins now, Jassy. A stock split makes more sense than you probably think.","news_type":1,"symbols_score_info":{"AMZN":0.9}},"isVote":1,"tweetType":1,"viewCount":1002,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":142724856,"gmtCreate":1626179177275,"gmtModify":1633929380170,"author":{"id":"3576420733683738","authorId":"3576420733683738","name":"markkk","avatar":"https://static.tigerbbs.com/df42d8e8fb0e4c7a09fcf6592b170a1e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576420733683738","authorIdStr":"3576420733683738"},"themes":[],"title":"","htmlText":"nice","listText":"nice","text":"nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/142724856","repostId":"2151563412","repostType":4,"repost":{"id":"2151563412","kind":"highlight","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":1626175491,"share":"https://www.laohunote.com/m/news/2151563412?lang=zh_CN&edition=full","pubTime":"2021-07-13 19:24","market":"us","language":"en","title":"Goldman Sachs Group Q2 EPS $15.02 Beats $10.23 Estimate<blockquote>高盛集团第二季度每股收益 15.02 美元，超出预期 10.23 美元</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2151563412","media":"Tiger Newspress","summary":"Goldman Sachs reported its second-quarter earnings before the bell on Tuesday.\nHere are the numbers:","content":"<p>Goldman Sachs&nbsp;reported its second-quarter earnings before the bell on Tuesday.</p><p><blockquote>高盛周二盘前公布了第二季度财报。</blockquote></p><p> Here are the numbers:</p><p><blockquote>以下是数字：</blockquote></p><p> <b>Earnings:</b>&nbsp;$15.02 per share vs. $10.24 expected by analysts polled by Refinitiv. A year ago, Goldman recorded an EPS of $6.26 (53 cents per share if accounted for costs related to the 1MDB settlement.)</p><p><blockquote><b>收益：</b>路孚特调查的分析师预期为每股 15.02 美元，而路孚特调查的分析师预期为 10.24 美元。一年前，高盛的每股收益为 6.26 美元（如果考虑到与 1MDB 和解相关的成本，每股收益为 53 美分。）</blockquote></p><p> <b>Revenue:</b>&nbsp;$15.39 billion vs. $12.17 billion expected</p><p><blockquote><b>收入：</b>153.9亿美元，而预期为121.7亿美元</blockquote></p><p> Investment banking posted its second-highest revenue quarter ever with $3.61 billion, behind the first quarter of 2021, as a booming IPO market boosted Goldman's equity underwriting.</p><p><blockquote>随着蓬勃发展的 IPO 市场促进了高盛的股票承销，投资银行业公布了有史以来第二高的季度收入，达到 36.1 亿美元，仅次于 2021 年第一季度。</blockquote></p><p> Last month, following the strong results of the Federal Reserve'sannual stress test,&nbsp;Goldman&nbsp;said it planned on boosting its dividend by 60% to $2 per share, subject to approval from the bank's board.</p><p><blockquote>上个月，在美联储年度压力测试取得强劲结果后，高盛表示，计划将股息提高60%，至每股2美元，但须获得该行董事会的批准。</blockquote></p><p> For its first quarter of 2021, the New York-based bankblew past analysts' expectationswith record net profits and revenues on strong performance from the firm's investment banking and trading businesses, thanks to a rise in retail banking fueled by cheap consumer deposits.</p><p><blockquote>2021 年第一季度，这家总部位于纽约的银行凭借创纪录的净利润和收入超出了分析师的预期，这得益于廉价消费者存款推动零售银行业务的增长，该公司投资银行和交易业务的强劲表现。</blockquote></p><p> Of the six biggest U.S. banks, Goldman gets the largest share of its revenue from Wall Street activities including trading and investment banking.</p><p><blockquote>在美国六大银行中，高盛从包括交易和投资银行在内的华尔街活动中获得的收入份额最大。</blockquote></p><p> Shares of Goldman have risen 45% in 2021 on the back of the economic recovery from the Covid-19 pandemic.</p><p><blockquote>在 Covid-19 大流行经济复苏的推动下，高盛股价在 2021 年上涨了 45%。</blockquote></p><p> Goldman Sachs&nbsp;shares&nbsp;rises&nbsp;0.7%&nbsp;in&nbsp;premarket&nbsp;trading.</p><p><blockquote>高盛股价在盘前交易中上涨 0.7%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/a40ec6831977fb2be9119f32e2df1b54\" tg-width=\"1260\" tg-height=\"618\" referrerpolicy=\"no-referrer\"></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>Goldman Sachs Group Q2 EPS $15.02 Beats $10.23 Estimate<blockquote>高盛集团第二季度每股收益 15.02 美元，超出预期 10.23 美元</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; 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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\">\nGoldman Sachs Group Q2 EPS $15.02 Beats $10.23 Estimate<blockquote>高盛集团第二季度每股收益 15.02 美元，超出预期 10.23 美元</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\">2021-07-13 19:24</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Goldman Sachs&nbsp;reported its second-quarter earnings before the bell on Tuesday.</p><p><blockquote>高盛周二盘前公布了第二季度财报。</blockquote></p><p> Here are the numbers:</p><p><blockquote>以下是数字：</blockquote></p><p> <b>Earnings:</b>&nbsp;$15.02 per share vs. $10.24 expected by analysts polled by Refinitiv. A year ago, Goldman recorded an EPS of $6.26 (53 cents per share if accounted for costs related to the 1MDB settlement.)</p><p><blockquote><b>收益：</b>路孚特调查的分析师预期为每股 15.02 美元，而路孚特调查的分析师预期为 10.24 美元。一年前，高盛的每股收益为 6.26 美元（如果考虑到与 1MDB 和解相关的成本，每股收益为 53 美分。）</blockquote></p><p> <b>Revenue:</b>&nbsp;$15.39 billion vs. $12.17 billion expected</p><p><blockquote><b>收入：</b>153.9亿美元，而预期为121.7亿美元</blockquote></p><p> Investment banking posted its second-highest revenue quarter ever with $3.61 billion, behind the first quarter of 2021, as a booming IPO market boosted Goldman's equity underwriting.</p><p><blockquote>随着蓬勃发展的 IPO 市场促进了高盛的股票承销，投资银行业公布了有史以来第二高的季度收入，达到 36.1 亿美元，仅次于 2021 年第一季度。</blockquote></p><p> Last month, following the strong results of the Federal Reserve'sannual stress test,&nbsp;Goldman&nbsp;said it planned on boosting its dividend by 60% to $2 per share, subject to approval from the bank's board.</p><p><blockquote>上个月，在美联储年度压力测试取得强劲结果后，高盛表示，计划将股息提高60%，至每股2美元，但须获得该行董事会的批准。</blockquote></p><p> For its first quarter of 2021, the New York-based bankblew past analysts' expectationswith record net profits and revenues on strong performance from the firm's investment banking and trading businesses, thanks to a rise in retail banking fueled by cheap consumer deposits.</p><p><blockquote>2021 年第一季度，这家总部位于纽约的银行凭借创纪录的净利润和收入超出了分析师的预期，这得益于廉价消费者存款推动零售银行业务的增长，该公司投资银行和交易业务的强劲表现。</blockquote></p><p> Of the six biggest U.S. banks, Goldman gets the largest share of its revenue from Wall Street activities including trading and investment banking.</p><p><blockquote>在美国六大银行中，高盛从包括交易和投资银行在内的华尔街活动中获得的收入份额最大。</blockquote></p><p> Shares of Goldman have risen 45% in 2021 on the back of the economic recovery from the Covid-19 pandemic.</p><p><blockquote>在 Covid-19 大流行经济复苏的推动下，高盛股价在 2021 年上涨了 45%。</blockquote></p><p> Goldman Sachs&nbsp;shares&nbsp;rises&nbsp;0.7%&nbsp;in&nbsp;premarket&nbsp;trading.</p><p><blockquote>高盛股价在盘前交易中上涨 0.7%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/a40ec6831977fb2be9119f32e2df1b54\" tg-width=\"1260\" tg-height=\"618\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"QTWO":"Q2 Holdings Inc","GS":"高盛"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2151563412","content_text":"Goldman Sachs reported its second-quarter earnings before the bell on Tuesday.\nHere are the numbers:\nEarnings: $15.02 per share vs. $10.24 expected by analysts polled by Refinitiv. A year ago, Goldman recorded an EPS of $6.26 (53 cents per share if accounted for costs related to the 1MDB settlement.)\nRevenue: $15.39 billion vs. $12.17 billion expected\nInvestment banking posted its second-highest revenue quarter ever with $3.61 billion, behind the first quarter of 2021, as a booming IPO market boosted Goldman's equity underwriting.\nLast month, following the strong results of the Federal Reserve'sannual stress test, Goldman said it planned on boosting its dividend by 60% to $2 per share, subject to approval from the bank's board.\nFor its first quarter of 2021, the New York-based bankblew past analysts' expectationswith record net profits and revenues on strong performance from the firm's investment banking and trading businesses, thanks to a rise in retail banking fueled by cheap consumer deposits.\nOf the six biggest U.S. banks, Goldman gets the largest share of its revenue from Wall Street activities including trading and investment banking.\nShares of Goldman have risen 45% in 2021 on the back of the economic recovery from the Covid-19 pandemic.\nGoldman Sachs shares rises 0.7% in premarket trading.","news_type":1,"symbols_score_info":{"QTWO":0.9,"GS":0.9}},"isVote":1,"tweetType":1,"viewCount":738,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":122069731,"gmtCreate":1624588578223,"gmtModify":1633950846980,"author":{"id":"3576420733683738","authorId":"3576420733683738","name":"markkk","avatar":"https://static.tigerbbs.com/df42d8e8fb0e4c7a09fcf6592b170a1e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576420733683738","authorIdStr":"3576420733683738"},"themes":[],"title":"","htmlText":"nice","listText":"nice","text":"nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/122069731","repostId":"2146023477","repostType":4,"isVote":1,"tweetType":1,"viewCount":604,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":183903198,"gmtCreate":1623297816914,"gmtModify":1634034827640,"author":{"id":"3576420733683738","authorId":"3576420733683738","name":"markkk","avatar":"https://static.tigerbbs.com/df42d8e8fb0e4c7a09fcf6592b170a1e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576420733683738","authorIdStr":"3576420733683738"},"themes":[],"title":"","htmlText":"good","listText":"good","text":"good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/183903198","repostId":"2142246328","repostType":4,"isVote":1,"tweetType":1,"viewCount":904,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}