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2021-08-01

F

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2021-07-31

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Here’s your to-do list before the stock market’s next dive<blockquote>这是股市下一次暴跌之前您的待办事项清单</blockquote>

2021-07-30

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2021-07-29

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2021-07-28

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How Plug Power Could Generate 7x Returns Over The Next Decade<blockquote>普拉格能源如何在未来十年创造7倍的回报</blockquote>

2021-07-27

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2021-07-26

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2021-07-25

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2021-07-23

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Blackstone Earnings Rise as Growth Strategy Boosts Portfolio<blockquote>随着增长战略增强投资组合，黑石盈利上升</blockquote>

2021-07-22

F

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2021-07-21

Liked and shared commented

The DOW rose more than 1%, IBM gained over 4%<blockquote>道指涨超1%IBM涨超4%</blockquote>

2021-07-20

F

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2021-07-18

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'Bad Omen' For Meme Stocks And The Retail Trading Boom? Here's What The Data Says<blockquote>迷因股票和零售交易繁荣的“坏兆头”？数据是这么说的</blockquote>

2021-07-16

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2021-07-15

Wow

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2021-07-15

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2021-07-12

Continue to hodl and to the moon

2 Growth Stocks for the Next 10 Years<blockquote>未来10年的2只成长型股票</blockquote>

2021-07-12

High risk

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2021-07-12

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2021-07-11

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5 Things to Know About Virgin Galactic and the First Passenger Flight to Space<blockquote>关于维珍银河和首次客运太空飞行需要了解的5件事</blockquote>

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No one wanted to be the last one out, so retail traders and institutions sold in a panic, which got more intense as the day went on.</p><p><blockquote>事实是没人知道。人们出售有多种原因，因此将责任归咎于一个事件是荒谬的。也就是说，下降的一个重要原因是计算机生成的自动销售。一旦大型市场参与者，尤其是算法，开始抛售，就会出现疯狂的抛售。没有人想成为最后一个出局的人，因此散户和机构在恐慌中抛售，随着时间的推移，恐慌情绪变得更加强烈。</blockquote></p><p> Technical indicators contributed as well: The weekly relative strength indicator (RSI) has been remarkably accurate in warning of a market reversal. Once RSI goes over 70 and stays there, buyers beware.&nbsp; After the July 26 market close, the RSI of the S&amp;P 500SPX,-0.54%stood at 71.36 on the weekly chart — an extremely overbought reading. Does this mean that the index is going to plunge tomorrow? No one knows. But RSI is giving a clue that the U.S. market is in the danger zone.</p><p><blockquote>技术指标也做出了贡献：每周相对强弱指标（RSI）在警告市场逆转方面非常准确。一旦RSI超过70并保持在那里，买家就要小心了。7月26日收盘后，标准普尔500SPX的RSI，-0.54%在周线图上站在71.36——这是一个极度超买的读数。这是不是意味着指数明天要暴跌了？没人知道。但RSI给出了美国市场处于危险区域的线索。</blockquote></p><p> <b>The bad news bears can’t catch a break</b></p><p><blockquote><b>坏消息空头无法休息</b></blockquote></p><p> Before the bears could say, “I told you so,” the next day, July 20, the 700-plus point Dow selloff was erased by a 550-point Dow rally. The bulls forgot about the selloff and returned to celebrating, and gulping glass after glass of their favorite drink, “bull-ade.” Once again, the storm passed, but this time a little fear creeped into the bulls’ psyche. Before, the only fear was the fear of missing out on the next rally. Now, many investors realize the market can actually go down.</p><p><blockquote>在空头说“我告诉过你”之前，第二天，即7月20日，道琼斯指数700多点的抛售被道琼斯指数550点的反弹抹去了。多头忘记了抛售，重新开始庆祝，一杯又一杯地喝着他们最喜欢的饮料“bull-ade”。风暴又一次过去了，但这一次有点恐惧爬进了公牛的心灵。之前，唯一的恐惧是害怕错过下一次反弹。现在，许多投资者意识到市场实际上可能会下跌。</blockquote></p><p> <b>What to do now</b></p><p><blockquote><b>现在怎么办</b></blockquote></p><p> The next time the market plunges and you’re experiencing a variety of emotions, the following guide might help:</p><p><blockquote>下次市场暴跌并且您正在经历各种情绪时，以下指南可能会有所帮助：</blockquote></p><p> <b>1. If you’re panicked</b>: Don’t do something; sit there. Do not buy, do not sell, just sit tight. In fact, turn off the computer or other devices. Don’t fret over how much paper money you lost that day. Exercise, walk, run, swim, ride a bike. Your goal is to reduce emotions so you can get a good night’s sleep. When the market stabilizes, reevaluate what you own. Do not make any big financial decisions on days like this.</p><p><blockquote><b>1.如果你感到恐慌</b>：不做某事；坐在那里。不买，不卖，坐稳。事实上，关掉电脑或其他设备。不要担心那天你丢了多少纸币。锻炼，散步，跑步，游泳，骑自行车。你的目标是减少情绪，这样你就能睡个好觉。当市场稳定时，重新评估你所拥有的。在这样的日子里，不要做任何重大的财务决定。</blockquote></p><p> <b>2. If you’re afraid</b>: Take it easy. The selloff will end eventually. There is no reason to panic. Again, reevaluate what you own when the market comes to its senses.</p><p><blockquote><b>2.如果你害怕</b>：放轻松。抛售最终会结束。没有理由恐慌。同样，当市场恢复理智时，重新评估你所拥有的东西。</blockquote></p><p> <b>3. If you’re unaffected:</b>Still, check your portfolio to make sure you are properly diversified. While it’s find to not care if the market falls, be sure you are hedged for a worst-case scenario. One day there will be a bear market that will last months or years. Be prepared.</p><p><blockquote><b>3.如果您没有受到影响：</b>不过，请检查您的投资组合以确保您的投资组合适当多元化。虽然人们发现不要关心市场是否下跌，但要确保你为最坏的情况做好了对冲。总有一天会出现持续数月或数年的熊市。做好准备。</blockquote></p><p> <b>What specific actions should you take?</b></p><p><blockquote><b>你应该采取什么具体行动？</b></blockquote></p><p> Now that you’ve taken care of your emotional health, there are other financial decisions you can make. Let’s take a look atsome strategies and tacticsthat may help:</p><p><blockquote>既然你已经照顾好了自己的情绪健康，你还可以做出其他的财务决定。让我们来看看一些可能有帮助的战略和战术：</blockquote></p><p> <ol>  <li>Sell if the stocks or indexes you own fall below their 200-day moving averages. Note: The major indexes such as the Standard &amp; Poor’s 500SPX,-0.54%have not fallen below (and stayed below) their 200-day averages for a decade. When they do eventually, that is a clear sell signal.</li>  <li>Create a long-term investment plan and follow it no matter what happens in the short term.</li>  <li>Dollar-cost average into index funds.</li>  <li>Diversify. This is the key to success in the stock market and in life. If you own only stocks, consider bonds, but talk to a financial professional (not your neighbor) before taking this step.</li>  <li>Buy the big dips. This strategy still works. If you had bought the dip on July 19, you would have cleaned up on July 20. One day this strategy won’t work, but that day hasn’t come yet.</li>  <li>Sell covered-call options. This is still an excellent way to generate extra income. This strategy is also ideal for disposing of unwanted stocks, and getting paid for it.</li> </ol> <b>Plan for the next correction or bear market</b></p><p><blockquote><ol><li>如果您持有的股票或指数跌破200日移动平均线，则卖出。注：标准普尔500SPX,-0.54%等主要指数十年来没有跌破（并保持在低于）200日平均水平。当他们最终这样做时，这是一个明确的卖出信号。</li><li>制定一个长期投资计划，无论短期内发生什么都要遵循它。</li><li>指数基金的平均成本。</li><li>多样化。这是股市和人生成功的关键。如果您只持有股票，请考虑债券，但在采取这一步骤之前请与金融专业人士（而不是您的邻居）交谈。</li><li>逢低买入。这个策略仍然有效。如果你在7月19日逢低买入，你就会在7月20日清理干净。总有一天这种策略行不通了，但那一天还没有到来。</li><li>出售备兑看涨期权期权。这仍然是产生额外收入的绝佳方式。这种策略也非常适合处理不需要的股票并获得报酬。</li></ol><b>为下一次调整或熊市做好计划</b></blockquote></p><p> After a 13-year bull market, the clock is ticking for U.S. stocks. While the bulls scored another victory this time, one day the market won’t reverse direction and will begin a steep correction, or worse yet, a bear market. That’s when you will be glad that you have a plan and an investment script to follow on the worst days.</p><p><blockquote>在经历了13年的牛市之后，美国股市的时间已经不多了。虽然多头这次又取得了胜利，但有一天市场不会逆转方向，将开始急剧调整，或者更糟的是，进入熊市。那时你会很高兴你有一个计划和一个在最糟糕的日子里可以遵循的投资脚本。</blockquote></p><p> Know what you own, sell to the “sleep-well” point and diversify into a variety of financial products including cash and bonds. This way, when the market plunges again, you won’t make knee-jerk emotional decisions or suffer an anxiety attack.</p><p><blockquote>了解您拥有什么，将其出售到“睡眠良好”点，并多元化投资于包括现金和债券在内的各种金融产品。这样，当市场再次暴跌时，你就不会做出下意识的情绪化决定或遭受焦虑发作。</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>Here’s your to-do list before the stock market’s next dive<blockquote>这是股市下一次暴跌之前您的待办事项清单</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\">\nHere’s your to-do list before the stock market’s next dive<blockquote>这是股市下一次暴跌之前您的待办事项清单</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-07-31 15:13</span>\n</p>\n</h4>\n</header>\n<article>\n<p>After hibernating for months, the stock-market bears came out of their caves on July 19. That day, the Dow Jones Industrial AverageDJIA,-0.42%tumbled 725 points or 2.1%. The bears hit a home run — at least for a day.</p><p><blockquote>经过几个月的冬眠，股市空头于7月19日走出了洞穴。当天，道琼斯工业平均指数DJIA下跌725点，跌幅2.1%，-0.42%。熊队打出了一个本垒打——至少一天。</blockquote></p><p> As usual, everyone wanted to know why the market fell, and the analysts had prepared answers, from COVID-19’s Delta variant to the Consumer Price Index to overbought technical indicators.</p><p><blockquote>像往常一样，每个人都想知道市场下跌的原因，分析师们已经准备好了答案，从COVID-19的德尔塔变异毒株到消费者价格指数，再到超买的技术指标。</blockquote></p><p> The truth is that nobody knows. People have multiple reasons for selling, so it’s ridiculous to blame one event. That said, a big contributor to the decline was automatic, computer-generated selling. Once large market participants, especially algos, started selling, there was a mad rush out of the door. No one wanted to be the last one out, so retail traders and institutions sold in a panic, which got more intense as the day went on.</p><p><blockquote>事实是没人知道。人们出售有多种原因，因此将责任归咎于一个事件是荒谬的。也就是说，下降的一个重要原因是计算机生成的自动销售。一旦大型市场参与者，尤其是算法，开始抛售，就会出现疯狂的抛售。没有人想成为最后一个出局的人，因此散户和机构在恐慌中抛售，随着时间的推移，恐慌情绪变得更加强烈。</blockquote></p><p> Technical indicators contributed as well: The weekly relative strength indicator (RSI) has been remarkably accurate in warning of a market reversal. Once RSI goes over 70 and stays there, buyers beware.&nbsp; After the July 26 market close, the RSI of the S&amp;P 500SPX,-0.54%stood at 71.36 on the weekly chart — an extremely overbought reading. Does this mean that the index is going to plunge tomorrow? No one knows. But RSI is giving a clue that the U.S. market is in the danger zone.</p><p><blockquote>技术指标也做出了贡献：每周相对强弱指标（RSI）在警告市场逆转方面非常准确。一旦RSI超过70并保持在那里，买家就要小心了。7月26日收盘后，标准普尔500SPX的RSI，-0.54%在周线图上站在71.36——这是一个极度超买的读数。这是不是意味着指数明天要暴跌了？没人知道。但RSI给出了美国市场处于危险区域的线索。</blockquote></p><p> <b>The bad news bears can’t catch a break</b></p><p><blockquote><b>坏消息空头无法休息</b></blockquote></p><p> Before the bears could say, “I told you so,” the next day, July 20, the 700-plus point Dow selloff was erased by a 550-point Dow rally. The bulls forgot about the selloff and returned to celebrating, and gulping glass after glass of their favorite drink, “bull-ade.” Once again, the storm passed, but this time a little fear creeped into the bulls’ psyche. Before, the only fear was the fear of missing out on the next rally. Now, many investors realize the market can actually go down.</p><p><blockquote>在空头说“我告诉过你”之前，第二天，即7月20日，道琼斯指数700多点的抛售被道琼斯指数550点的反弹抹去了。多头忘记了抛售，重新开始庆祝，一杯又一杯地喝着他们最喜欢的饮料“bull-ade”。风暴又一次过去了，但这一次有点恐惧爬进了公牛的心灵。之前，唯一的恐惧是害怕错过下一次反弹。现在，许多投资者意识到市场实际上可能会下跌。</blockquote></p><p> <b>What to do now</b></p><p><blockquote><b>现在怎么办</b></blockquote></p><p> The next time the market plunges and you’re experiencing a variety of emotions, the following guide might help:</p><p><blockquote>下次市场暴跌并且您正在经历各种情绪时，以下指南可能会有所帮助：</blockquote></p><p> <b>1. If you’re panicked</b>: Don’t do something; sit there. Do not buy, do not sell, just sit tight. In fact, turn off the computer or other devices. Don’t fret over how much paper money you lost that day. Exercise, walk, run, swim, ride a bike. Your goal is to reduce emotions so you can get a good night’s sleep. When the market stabilizes, reevaluate what you own. Do not make any big financial decisions on days like this.</p><p><blockquote><b>1.如果你感到恐慌</b>：不做某事；坐在那里。不买，不卖，坐稳。事实上，关掉电脑或其他设备。不要担心那天你丢了多少纸币。锻炼，散步，跑步，游泳，骑自行车。你的目标是减少情绪，这样你就能睡个好觉。当市场稳定时，重新评估你所拥有的。在这样的日子里，不要做任何重大的财务决定。</blockquote></p><p> <b>2. If you’re afraid</b>: Take it easy. The selloff will end eventually. There is no reason to panic. Again, reevaluate what you own when the market comes to its senses.</p><p><blockquote><b>2.如果你害怕</b>：放轻松。抛售最终会结束。没有理由恐慌。同样，当市场恢复理智时，重新评估你所拥有的东西。</blockquote></p><p> <b>3. If you’re unaffected:</b>Still, check your portfolio to make sure you are properly diversified. While it’s find to not care if the market falls, be sure you are hedged for a worst-case scenario. One day there will be a bear market that will last months or years. Be prepared.</p><p><blockquote><b>3.如果您没有受到影响：</b>不过，请检查您的投资组合以确保您的投资组合适当多元化。虽然人们发现不要关心市场是否下跌，但要确保你为最坏的情况做好了对冲。总有一天会出现持续数月或数年的熊市。做好准备。</blockquote></p><p> <b>What specific actions should you take?</b></p><p><blockquote><b>你应该采取什么具体行动？</b></blockquote></p><p> Now that you’ve taken care of your emotional health, there are other financial decisions you can make. Let’s take a look atsome strategies and tacticsthat may help:</p><p><blockquote>既然你已经照顾好了自己的情绪健康，你还可以做出其他的财务决定。让我们来看看一些可能有帮助的战略和战术：</blockquote></p><p> <ol>  <li>Sell if the stocks or indexes you own fall below their 200-day moving averages. Note: The major indexes such as the Standard &amp; Poor’s 500SPX,-0.54%have not fallen below (and stayed below) their 200-day averages for a decade. When they do eventually, that is a clear sell signal.</li>  <li>Create a long-term investment plan and follow it no matter what happens in the short term.</li>  <li>Dollar-cost average into index funds.</li>  <li>Diversify. This is the key to success in the stock market and in life. If you own only stocks, consider bonds, but talk to a financial professional (not your neighbor) before taking this step.</li>  <li>Buy the big dips. This strategy still works. If you had bought the dip on July 19, you would have cleaned up on July 20. One day this strategy won’t work, but that day hasn’t come yet.</li>  <li>Sell covered-call options. This is still an excellent way to generate extra income. This strategy is also ideal for disposing of unwanted stocks, and getting paid for it.</li> </ol> <b>Plan for the next correction or bear market</b></p><p><blockquote><ol><li>如果您持有的股票或指数跌破200日移动平均线，则卖出。注：标准普尔500SPX,-0.54%等主要指数十年来没有跌破（并保持在低于）200日平均水平。当他们最终这样做时，这是一个明确的卖出信号。</li><li>制定一个长期投资计划，无论短期内发生什么都要遵循它。</li><li>指数基金的平均成本。</li><li>多样化。这是股市和人生成功的关键。如果您只持有股票，请考虑债券，但在采取这一步骤之前请与金融专业人士（而不是您的邻居）交谈。</li><li>逢低买入。这个策略仍然有效。如果你在7月19日逢低买入，你就会在7月20日清理干净。总有一天这种策略行不通了，但那一天还没有到来。</li><li>出售备兑看涨期权期权。这仍然是产生额外收入的绝佳方式。这种策略也非常适合处理不需要的股票并获得报酬。</li></ol><b>为下一次调整或熊市做好计划</b></blockquote></p><p> After a 13-year bull market, the clock is ticking for U.S. stocks. While the bulls scored another victory this time, one day the market won’t reverse direction and will begin a steep correction, or worse yet, a bear market. That’s when you will be glad that you have a plan and an investment script to follow on the worst days.</p><p><blockquote>在经历了13年的牛市之后，美国股市的时间已经不多了。虽然多头这次又取得了胜利，但有一天市场不会逆转方向，将开始急剧调整，或者更糟的是，进入熊市。那时你会很高兴你有一个计划和一个在最糟糕的日子里可以遵循的投资脚本。</blockquote></p><p> Know what you own, sell to the “sleep-well” point and diversify into a variety of financial products including cash and bonds. This way, when the market plunges again, you won’t make knee-jerk emotional decisions or suffer an anxiety attack.</p><p><blockquote>了解您拥有什么，将其出售到“睡眠良好”点，并多元化投资于包括现金和债券在内的各种金融产品。这样，当市场再次暴跌时，你就不会做出下意识的情绪化决定或遭受焦虑发作。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/heres-your-to-do-list-before-the-stock-markets-next-dive-11627360870?mod=article_inline\">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":{"SPY":"标普500ETF",".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"https://www.marketwatch.com/story/heres-your-to-do-list-before-the-stock-markets-next-dive-11627360870?mod=article_inline","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1127411624","content_text":"After hibernating for months, the stock-market bears came out of their caves on July 19. That day, the Dow Jones Industrial AverageDJIA,-0.42%tumbled 725 points or 2.1%. The bears hit a home run — at least for a day.\nAs usual, everyone wanted to know why the market fell, and the analysts had prepared answers, from COVID-19’s Delta variant to the Consumer Price Index to overbought technical indicators.\nThe truth is that nobody knows. People have multiple reasons for selling, so it’s ridiculous to blame one event. That said, a big contributor to the decline was automatic, computer-generated selling. Once large market participants, especially algos, started selling, there was a mad rush out of the door. No one wanted to be the last one out, so retail traders and institutions sold in a panic, which got more intense as the day went on.\nTechnical indicators contributed as well: The weekly relative strength indicator (RSI) has been remarkably accurate in warning of a market reversal. Once RSI goes over 70 and stays there, buyers beware.  After the July 26 market close, the RSI of the S&P 500SPX,-0.54%stood at 71.36 on the weekly chart — an extremely overbought reading. Does this mean that the index is going to plunge tomorrow? No one knows. But RSI is giving a clue that the U.S. market is in the danger zone.\nThe bad news bears can’t catch a break\nBefore the bears could say, “I told you so,” the next day, July 20, the 700-plus point Dow selloff was erased by a 550-point Dow rally. The bulls forgot about the selloff and returned to celebrating, and gulping glass after glass of their favorite drink, “bull-ade.” Once again, the storm passed, but this time a little fear creeped into the bulls’ psyche. Before, the only fear was the fear of missing out on the next rally. Now, many investors realize the market can actually go down.\nWhat to do now\nThe next time the market plunges and you’re experiencing a variety of emotions, the following guide might help:\n1. If you’re panicked: Don’t do something; sit there. Do not buy, do not sell, just sit tight. In fact, turn off the computer or other devices. Don’t fret over how much paper money you lost that day. Exercise, walk, run, swim, ride a bike. Your goal is to reduce emotions so you can get a good night’s sleep. When the market stabilizes, reevaluate what you own. Do not make any big financial decisions on days like this.\n2. If you’re afraid: Take it easy. The selloff will end eventually. There is no reason to panic. Again, reevaluate what you own when the market comes to its senses.\n3. If you’re unaffected:Still, check your portfolio to make sure you are properly diversified. While it’s find to not care if the market falls, be sure you are hedged for a worst-case scenario. One day there will be a bear market that will last months or years. Be prepared.\nWhat specific actions should you take?\nNow that you’ve taken care of your emotional health, there are other financial decisions you can make. Let’s take a look atsome strategies and tacticsthat may help:\n\nSell if the stocks or indexes you own fall below their 200-day moving averages. Note: The major indexes such as the Standard & Poor’s 500SPX,-0.54%have not fallen below (and stayed below) their 200-day averages for a decade. When they do eventually, that is a clear sell signal.\nCreate a long-term investment plan and follow it no matter what happens in the short term.\nDollar-cost average into index funds.\nDiversify. This is the key to success in the stock market and in life. If you own only stocks, consider bonds, but talk to a financial professional (not your neighbor) before taking this step.\nBuy the big dips. This strategy still works. If you had bought the dip on July 19, you would have cleaned up on July 20. One day this strategy won’t work, but that day hasn’t come yet.\nSell covered-call options. This is still an excellent way to generate extra income. This strategy is also ideal for disposing of unwanted stocks, and getting paid for it.\n\nPlan for the next correction or bear market\nAfter a 13-year bull market, the clock is ticking for U.S. stocks. While the bulls scored another victory this time, one day the market won’t reverse direction and will begin a steep correction, or worse yet, a bear market. That’s when you will be glad that you have a plan and an investment script to follow on the worst days.\nKnow what you own, sell to the “sleep-well” point and diversify into a variety of financial products including cash and bonds. This way, when the market plunges again, you won’t make knee-jerk emotional decisions or suffer an anxiety attack.","news_type":1,"symbols_score_info":{".DJI":0.9,"SPY":0.9,".SPX":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":1609,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":808439381,"gmtCreate":1627605165043,"gmtModify":1633757898371,"author":{"id":"3578574228106809","authorId":"3578574228106809","name":"DYDFC","avatar":"https://static.tigerbbs.com/886091e1ab80cf468e97e847ef0f3f9d","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578574228106809","authorIdStr":"3578574228106809"},"themes":[],"htmlText":"F","listText":"F","text":"F","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/808439381","repostId":"1131907757","repostType":4,"isVote":1,"tweetType":1,"viewCount":1735,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":801878129,"gmtCreate":1627512816861,"gmtModify":1633764383002,"author":{"id":"3578574228106809","authorId":"3578574228106809","name":"DYDFC","avatar":"https://static.tigerbbs.com/886091e1ab80cf468e97e847ef0f3f9d","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578574228106809","authorIdStr":"3578574228106809"},"themes":[],"htmlText":"F","listText":"F","text":"F","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/801878129","repostId":"1148922985","repostType":4,"isVote":1,"tweetType":1,"viewCount":1976,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":803145428,"gmtCreate":1627429742064,"gmtModify":1633765149868,"author":{"id":"3578574228106809","authorId":"3578574228106809","name":"DYDFC","avatar":"https://static.tigerbbs.com/886091e1ab80cf468e97e847ef0f3f9d","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578574228106809","authorIdStr":"3578574228106809"},"themes":[],"htmlText":"F","listText":"F","text":"F","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/803145428","repostId":"1165178450","repostType":4,"repost":{"id":"1165178450","kind":"news","pubTimestamp":1627399581,"share":"https://www.laohu8.com/m/news/1165178450?lang=zh_CN&edition=full","pubTime":"2021-07-27 23:26","market":"us","language":"en","title":"How Plug Power Could Generate 7x Returns Over The Next Decade<blockquote>普拉格能源如何在未来十年创造7倍的回报</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1165178450","media":"seekingalpha","summary":"Summary\n\nPLUG is a leading hydrogen fuel cell turnkey provider in North American and European market","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>PLUG is a leading hydrogen fuel cell turnkey provider in North American and European markets.</li>  <li>The company boasts advanced technology and strong growth momentum.</li>  <li>We outline the company's path to growing from a $15 billion market cap to a $100 billion market cap over the next decade.</li>  <li>That said, PLUG still faces significant risks to its thesis that investors should keep in mind.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/06bea0bef6d6ac8eab14c3fceb2cccae\" tg-width=\"1536\" tg-height=\"1024\" width=\"100%\" height=\"auto\"><span>JONGHO SHIN/iStock via Getty Images</span></p><p><blockquote><ul><li>PLUG是北美和欧洲市场领先的氢燃料电池交钥匙供应商。</li><li>公司拥有先进的技术和强劲的增长势头。</li><li>我们概述了该公司在未来十年从150亿美元市值增长到1000亿美元市值的道路。</li><li>尽管如此，PLUG的论点仍然面临着投资者应该牢记的重大风险。</li></ul><p class=\"t-img-caption\"><span>JONGHO SHIN/iStock来自Getty Images</span></p></blockquote></p><p> Plug Power (PLUG) is a leading hydrogen fuel cell turnkey provider in North American and European markets. The company boasts advanced technology and strong growth momentum which should propel it to significant appreciation over the long term. In this article we outline the company's path to growing from a $15 billion market cap to a $100 billion market cap (nearly 7x returns) over the next decade.</p><p><blockquote>普拉格能源(PLUG)是北美和欧洲市场领先的氢燃料电池交钥匙供应商。该公司拥有先进的技术和强劲的增长势头，这将推动其长期大幅升值。在本文中，我们概述了该公司在未来十年从150亿美元市值增长到1000亿美元市值（近7倍回报率）的道路。</blockquote></p><p> <b>#1. Addressable Market Potential</b></p><p><blockquote><b>#1.潜在市场潜力</b></blockquote></p><p> With the&nbsp;massive tailwinds&nbsp;for green energy and ESG investing at the moment, the hydrogen fuel cell market is likely to enjoy strong growth momentum for many years to come.</p><p><blockquote>随着目前绿色能源和ESG投资的巨大推动力，氢燃料电池市场可能在未来许多年享有强劲的增长势头。</blockquote></p><p> First and foremost, the Biden administration has executed an aggressive about-face from the previous administration in its disposition towards clean energy and fossil fuels. Between executive orders and rejoining the Paris Climate Accords, the U.S. Government is increasingly incentivizing green energy investment and consumption. The European Union and China are also increasingly headed in this direction.</p><p><blockquote>首先，拜登政府在对清洁能源和化石燃料的态度上与上届政府进行了激进的大转变。在行政命令和重新加入巴黎气候协定之间，美国。政府越来越多地激励绿色能源投资和消费。欧盟和中国也越来越多地朝着这个方向前进。</blockquote></p><p> Second, the ESG investing movement has taken off to where it now accounts for an astonishing&nbsp;one-third of total assets under management&nbsp;in the United States. Given that so much capital is attracted to environmentally friendly investments, companies across the board - including in the hydrocarbon sector - are increasingly adopting policies that appeal to the environmentally-conscious investor.</p><p><blockquote>其次，ESG投资运动已经起飞，目前占美国管理总资产的三分之一，令人震惊。鉴于如此多的资本被吸引到环保投资中，包括碳氢化合物行业在内的所有公司都越来越多地采取吸引具有环保意识的投资者的政策。</blockquote></p><p> Third, the disruption and transformation of the automotive industry to reduce emissions is driving strong demand for new fuel technologies.</p><p><blockquote>第三，汽车行业为减少排放而进行的颠覆和转型正在推动对新燃料技术的强劲需求。</blockquote></p><p> Finally - largely due to the heavy investment and market demand - green technologies such as hydrogen fuel cells are&nbsp;seeing costs decline dramatically, making them increasingly competitive on the marketplace.</p><p><blockquote>最后，主要由于大量投资和市场需求，氢燃料电池等绿色技术的成本大幅下降，使其在市场上的竞争力越来越强。</blockquote></p><p> All of this should lead to continued strong growth in the sector. In fact, U.S. Hydrogen demand is&nbsp;expected&nbsp;to be 17 million metric tons per year by 2030 and 63 million metric tons by 2050, which is pretty substantial growth from the 10 million metric tons consumed in the U.S. last year. Globally, the hydrogen generation industry is&nbsp;expected&nbsp;to reach $201 billion by 2025 and should continue to grow rapidly in the decades to follow similar to how it is expected to grow in the U.S.</p><p><blockquote>所有这些都应该会导致该行业持续强劲增长。事实上，到2030年，美国的氢气需求预计将达到每年1700万吨，到2050年将达到6300万吨，这比美国去年的1000万吨消费量有了相当大的增长。在全球范围内，制氢行业预计到2025年将达到2010亿美元，并在接下来的几十年里继续快速增长，类似于美国的预期增长。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/0541b1fd23777a900f3e1a1102206d7b\" tg-width=\"824\" tg-height=\"514\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <b>#2. Market Share Drivers</b></p><p><blockquote><b>#2.市场份额驱动因素</b></blockquote></p><p> We believe that PLUG has a strong chance at capturing a sizable portion of this massive addressable market for the following reasons.</p><p><blockquote>我们相信，由于以下原因，PLUG很有可能占领这个庞大的潜在市场的相当大一部分。</blockquote></p><p> First and foremost, it has advanced technology and early mover advantages in the space. It owns numerous hydrogen energy systems including proton exchange membrane fuel cells, hybrid batteries, hydrogen storage, hydrogen dispensing, and fuel processing. Its flagship product is the electric vehicle focused GenDrive system that is complemented by their GenFuel and GenCare systems.</p><p><blockquote>首先，它在该领域拥有先进的技术和先发优势。拥有质子交换膜燃料电池、混合动力电池、储氢、配氢、燃料加工等众多氢能系统。其旗舰产品是专注于电动汽车的GenDrive系统，并辅以GenFuel和GenCare系统。</blockquote></p><p> Second of all, it has a foothold in both North America and Europe which means that it has significantly more growth potential than if it was solely focused on a single continent. In fact, North America and Europe are likely to be the leaders in Hydrogen adaptation for the foreseeable future, so PLUG is well-positioned to capture a significant portion of the global market share.</p><p><blockquote>其次，它在北美和欧洲都有立足点，这意味着它比只专注于一个大陆具有更大的增长潜力。事实上，在可预见的未来，北美和欧洲很可能成为氢适应的领导者，因此PLUG处于有利地位，可以占领全球市场份额的很大一部分。</blockquote></p><p> Third, PLUG has strong growth momentum right now and is winning business from some of the biggest companies in the world, including Amazon (AMZN), Walmart (WMT), Home Depot (HD), and General Motors (GM) either currently using their products or expected to become customers in the near future. As a result, we expect the 76% year-over-year revenue growth in its most recent&nbsp;quarterly report&nbsp;(128% year-over-year growth in their fuel cell systems and related infrastructure segment) to be sustainable for the foreseeable future.</p><p><blockquote>第三，PLUG目前增长势头强劲，正在赢得世界上一些最大公司的业务，包括亚马逊(AMZN)、沃尔玛(WMT)、家得宝(HD)和通用汽车(GM)，这些公司目前正在使用他们的产品或预计在不久的将来成为客户。因此，我们预计其最新季度报告中76%的收入同比增长（燃料电池系统和相关基础设施部门同比增长128%）在可预见的未来将是可持续的。</blockquote></p><p> In fact,analysts expect&nbsp;revenue to grow by 57% in 2022, which should push the company to EBITDA profitability.</p><p><blockquote>事实上，分析师预计2022年收入将增长57%，这应该会推动该公司实现EBITDA盈利。</blockquote></p><p> <b>#3. Valuation</b></p><p><blockquote><b>#3.估值</b></blockquote></p><p> While PLUG certainly operates in a hot industry and has numerous drivers that should enable it to capture significant market share, the company is also not cheap as it is currently running a loss.</p><p><blockquote>虽然PLUG确实在一个热门行业运营，并且拥有众多驱动因素，应该使其能够占领重要的市场份额，但该公司的价格也不便宜，因为它目前正在亏损。</blockquote></p><p></p><p> On the other hand, its EV/revenue figure is not outlandish given their growth runway as PLUG currently trades at 29.8x expected 2021 sales and 21x expected 2022 sales.</p><p><blockquote>另一方面，考虑到其增长跑道，其EV/收入数据并不奇怪，因为PLUG目前的交易价格是2021年预期销售额的29.8倍，2022年预期销售额的21倍。</blockquote></p><p> In fact, with a product gross margin of 38% that expanded by a whopping 600 basis points in PLUG's most recent earnings release, its profitability potential is significant. Overall, PLUG's gross margin is expected to be a fairly weak 9.71% in 2021, but is expected to nearly double in 2022 to 18.93%. This is also a massive increase from 2017 when the gross margin was a mere 1.2%. The EBITDA margin is also expected to be a somewhat respectable 10.7% in 2022 as well.</p><p><blockquote>事实上，PLUG最近发布的财报中，产品毛利率为38%，增长了600个基点，其盈利潜力巨大。总体而言，预计2021年PLUG的毛利率为相当疲软的9.71%，但预计2022年将增长近一倍，达到18.93%。这也比2017年的毛利率仅为1.2%大幅增长。预计2022年的EBITDA利润率也将达到相当可观的10.7%。</blockquote></p><p> If PLUG can continue to leverage its strong technology and massive expected economies of scale in the coming years, we think it is reasonable for it to push gross margins to 30% and net margins to 20% by 2032. Meanwhile, if it can capture even just 3% of global hydrogen market share by 2032 and the global market reaches roughly $390 billion by then (it is expected to exceed $200 billion by 2025 and will likely be growing by around 10% per year at least for the foreseeable future), PLUG should be generating $11.7 billion in revenues by 2032. That would assume a 31.9% revenue CAGR between 2022 and 2032, which we also believe is quite reasonable given its aforementioned growth momentum and competitive strengths.</p><p><blockquote>如果PLUG能够在未来几年继续利用其强大的技术和巨大的预期规模经济，我们认为到2032年将毛利率提高到30%，净利润率提高到20%是合理的。与此同时，如果到2032年它甚至只能占据全球氢市场3%的份额，并且届时全球市场将达到约3900亿美元（预计到2025年将超过2000亿美元，并且可能至少每年增长10%左右）在可预见的未来），到2032年，PLUG的收入将达到117亿美元。假设2022年至2032年间的收入复合年增长率为31.9%，考虑到其上述增长势头和竞争优势，我们也认为这是相当合理的。</blockquote></p><p> At a 20% net margin, that would put its net earnings at over $2.3 billion in 2032, which would require a 42.7x price to earnings multiple to warrant a $100 billion market cap. Is this a reasonable multiple? It depends a lot on interest rates, but, given that the current S&amp;P 500 (SPY) multiple is ~31x and PLUG's growth rate and growth runway will likely still be vastly superior to where the S&amp;P 500's is today, it certainly does not seem too far-fetched to us.</p><p><blockquote>如果净利润率为20%，到2032年其净利润将超过23亿美元，这需要42.7倍的市盈率才能保证1000亿美元的市值。这个倍数合理吗？这在很大程度上取决于利率，但是，考虑到目前标普500（SPDR标普500指数ETF）的市盈率约为31倍，而且PLUG的增长率和增长跑道可能仍远优于标普500目前的水平，这当然不会显得太远。对我们来说太牵强了。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/02cad870534d53e0544cd0389c837b1d\" tg-width=\"635\" tg-height=\"417\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> <b>#4. Risks</b></p><p><blockquote><b>#4.风险</b></blockquote></p><p> If this model pans out how we think it could, PLUG is a very attractive buy on the latest pullback.</p><p><blockquote>如果这个模型如我们所想的那样成功，那么在最近的回调中，PLUG是一个非常有吸引力的买入。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9e86493a3f4fcb61e8bec0de36f0f9b7\" tg-width=\"635\" tg-height=\"417\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> Of course, it assumes that PLUG will be able to overcome several risks, so investors should keep in mind that it remains a very speculative investment at this point.</p><p><blockquote>当然，它假设PLUG将能够克服一些风险，因此投资者应该记住，目前它仍然是一项非常投机性的投资。</blockquote></p><p> First and foremost, it will demand that PLUG can maintain highly competitive technology in a space that is almost certain to grow increasingly competitive in the years to come.</p><p><blockquote>首先，它将要求PLUG能够在一个几乎肯定会在未来几年竞争日益激烈的领域保持极具竞争力的技术。</blockquote></p><p> Additionally, PLUG will need to balance investing in recruiting the best talent in the industry to sustain and increase its technological edge with investing in effective marketing while also avoiding diluting shareholders or running up a big debt burden. Given that it is not yet free cash flow positive, this could prove challenging in the short term. That said, their nearly $4.8 billion in cash and cash equivalents on hand should enable it to reach free cash flow positivity without stressing its balance sheet.</p><p><blockquote>此外，PLUG需要在招聘业内最优秀人才以维持和增强其技术优势的投资与有效营销的投资之间取得平衡，同时避免稀释股东权益或增加巨额债务负担。鉴于自由现金流尚未为正，这在短期内可能具有挑战性。也就是说，他们手头近48亿美元的现金和现金等价物应该使其能够在不给资产负债表带来压力的情况下实现正自由现金流。</blockquote></p><p> Third, hydrogen power has not been without its critics over the years, most notably Tesla's (TSLA) founder and CEO Elon Musk. The wildly popular and visionary entrepreneur&nbsp;argued&nbsp;that using hydrogen to store energy can never be as efficient as storing electricity in a battery. In fact, he has gone so far as to say that using hydrogen fuel cells (which he calls \"fool cells\") to power vehicles is \"mind-bogglingly stupid.\" Obviously many individuals and corporations disagree with Musk's assessment and he has a clear incentive to try to discredit the technology, but this should still be viewed as a significant risk to keep an eye on. If hydrogen were to fall out of favor, it would significantly reduce the upside for PLUG and could even lead to permanent impairments from current levels if severe enough.</p><p><blockquote>第三，多年来，氢能并非没有批评者，最著名的是特斯拉(TSLA)创始人兼首席执行官Elon Musk。这位广受欢迎且富有远见的企业家认为，使用氢来储存能量永远不会像在电池中储存电力那样有效。事实上，他甚至说，使用氢燃料电池（他评级为“傻瓜电池”）为汽车提供动力是“愚蠢得令人难以置信”。显然，许多个人和公司不同意马斯克的评估，他有明显的动机试图诋毁这项技术，但这仍应被视为需要关注的重大风险。如果氢气失宠，将大大降低PLUG的上涨空间，如果足够严重，甚至可能导致当前水平的永久性损害。</blockquote></p><p> <b>Investor Takeaway</b></p><p><blockquote><b>投资者要点</b></blockquote></p><p> PLUG is a competitively positioned company in a rapidly-growing industry. Not only that, but the industry's growth runway looks promising for many decades to come. With advanced technology, early mover advantages, and a foothold on the two most fertile continents for Hydrogen technology, PLUG should be able to generate strong revenue growth for a long time to come.</p><p><blockquote>PLUG是一家在快速增长的行业中具有竞争力的公司。不仅如此，该行业的增长跑道在未来几十年看起来充满希望。凭借先进的技术、先发优势以及在氢技术最肥沃的两大洲的立足点，PLUG应该能够在未来很长一段时间内实现强劲的收入增长。</blockquote></p><p> Given our assumptions outlined in this article, we think that PLUG could very possibly achieve a $100 billion market cap in about a decade. This would represent a 667% total return (20.9% CAGR) over that span assuming no further share dilution.</p><p><blockquote>鉴于我们在本文中概述的假设，我们认为PLUG很可能在大约十年内达到1000亿美元的市值。假设没有进一步的股份稀释，这将意味着该期间的总回报率为667%（复合年增长率为20.9%）。</blockquote></p><p></p><p> That said, PLUG is also far from a conservative sleep well at night stock and investors should keep in mind that its current valuation assumes significant future growth and an ability to scale into profitability. It also assumes that it will retain a strong technological moat which will enable it to increase gross margins over time.</p><p><blockquote>也就是说，PLUG也远非保守的夜间睡眠良好股票，投资者应该记住，其目前的估值假设未来显着增长并有能力扩大盈利。它还假设它将保留强大的技术护城河，这将使其能够随着时间的推移提高毛利率。</blockquote></p><p> Overall, we rate PLUG a speculative buy at this point.</p><p><blockquote>总体而言，我们目前将PLUG评级为投机性买入。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>How Plug Power Could Generate 7x Returns Over The Next Decade<blockquote>普拉格能源如何在未来十年创造7倍的回报</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\">\nHow Plug Power Could Generate 7x Returns Over The Next Decade<blockquote>普拉格能源如何在未来十年创造7倍的回报</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">seekingalpha</strong><span class=\"h-time small\">2021-07-27 23:26</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>PLUG is a leading hydrogen fuel cell turnkey provider in North American and European markets.</li>  <li>The company boasts advanced technology and strong growth momentum.</li>  <li>We outline the company's path to growing from a $15 billion market cap to a $100 billion market cap over the next decade.</li>  <li>That said, PLUG still faces significant risks to its thesis that investors should keep in mind.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/06bea0bef6d6ac8eab14c3fceb2cccae\" tg-width=\"1536\" tg-height=\"1024\" width=\"100%\" height=\"auto\"><span>JONGHO SHIN/iStock via Getty Images</span></p><p><blockquote><ul><li>PLUG是北美和欧洲市场领先的氢燃料电池交钥匙供应商。</li><li>公司拥有先进的技术和强劲的增长势头。</li><li>我们概述了该公司在未来十年从150亿美元市值增长到1000亿美元市值的道路。</li><li>尽管如此，PLUG的论点仍然面临着投资者应该牢记的重大风险。</li></ul><p class=\"t-img-caption\"><span>JONGHO SHIN/iStock来自Getty Images</span></p></blockquote></p><p> Plug Power (PLUG) is a leading hydrogen fuel cell turnkey provider in North American and European markets. The company boasts advanced technology and strong growth momentum which should propel it to significant appreciation over the long term. In this article we outline the company's path to growing from a $15 billion market cap to a $100 billion market cap (nearly 7x returns) over the next decade.</p><p><blockquote>普拉格能源(PLUG)是北美和欧洲市场领先的氢燃料电池交钥匙供应商。该公司拥有先进的技术和强劲的增长势头，这将推动其长期大幅升值。在本文中，我们概述了该公司在未来十年从150亿美元市值增长到1000亿美元市值（近7倍回报率）的道路。</blockquote></p><p> <b>#1. Addressable Market Potential</b></p><p><blockquote><b>#1.潜在市场潜力</b></blockquote></p><p> With the&nbsp;massive tailwinds&nbsp;for green energy and ESG investing at the moment, the hydrogen fuel cell market is likely to enjoy strong growth momentum for many years to come.</p><p><blockquote>随着目前绿色能源和ESG投资的巨大推动力，氢燃料电池市场可能在未来许多年享有强劲的增长势头。</blockquote></p><p> First and foremost, the Biden administration has executed an aggressive about-face from the previous administration in its disposition towards clean energy and fossil fuels. Between executive orders and rejoining the Paris Climate Accords, the U.S. Government is increasingly incentivizing green energy investment and consumption. The European Union and China are also increasingly headed in this direction.</p><p><blockquote>首先，拜登政府在对清洁能源和化石燃料的态度上与上届政府进行了激进的大转变。在行政命令和重新加入巴黎气候协定之间，美国。政府越来越多地激励绿色能源投资和消费。欧盟和中国也越来越多地朝着这个方向前进。</blockquote></p><p> Second, the ESG investing movement has taken off to where it now accounts for an astonishing&nbsp;one-third of total assets under management&nbsp;in the United States. Given that so much capital is attracted to environmentally friendly investments, companies across the board - including in the hydrocarbon sector - are increasingly adopting policies that appeal to the environmentally-conscious investor.</p><p><blockquote>其次，ESG投资运动已经起飞，目前占美国管理总资产的三分之一，令人震惊。鉴于如此多的资本被吸引到环保投资中，包括碳氢化合物行业在内的所有公司都越来越多地采取吸引具有环保意识的投资者的政策。</blockquote></p><p> Third, the disruption and transformation of the automotive industry to reduce emissions is driving strong demand for new fuel technologies.</p><p><blockquote>第三，汽车行业为减少排放而进行的颠覆和转型正在推动对新燃料技术的强劲需求。</blockquote></p><p> Finally - largely due to the heavy investment and market demand - green technologies such as hydrogen fuel cells are&nbsp;seeing costs decline dramatically, making them increasingly competitive on the marketplace.</p><p><blockquote>最后，主要由于大量投资和市场需求，氢燃料电池等绿色技术的成本大幅下降，使其在市场上的竞争力越来越强。</blockquote></p><p> All of this should lead to continued strong growth in the sector. In fact, U.S. Hydrogen demand is&nbsp;expected&nbsp;to be 17 million metric tons per year by 2030 and 63 million metric tons by 2050, which is pretty substantial growth from the 10 million metric tons consumed in the U.S. last year. Globally, the hydrogen generation industry is&nbsp;expected&nbsp;to reach $201 billion by 2025 and should continue to grow rapidly in the decades to follow similar to how it is expected to grow in the U.S.</p><p><blockquote>所有这些都应该会导致该行业持续强劲增长。事实上，到2030年，美国的氢气需求预计将达到每年1700万吨，到2050年将达到6300万吨，这比美国去年的1000万吨消费量有了相当大的增长。在全球范围内，制氢行业预计到2025年将达到2010亿美元，并在接下来的几十年里继续快速增长，类似于美国的预期增长。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/0541b1fd23777a900f3e1a1102206d7b\" tg-width=\"824\" tg-height=\"514\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <b>#2. Market Share Drivers</b></p><p><blockquote><b>#2.市场份额驱动因素</b></blockquote></p><p> We believe that PLUG has a strong chance at capturing a sizable portion of this massive addressable market for the following reasons.</p><p><blockquote>我们相信，由于以下原因，PLUG很有可能占领这个庞大的潜在市场的相当大一部分。</blockquote></p><p> First and foremost, it has advanced technology and early mover advantages in the space. It owns numerous hydrogen energy systems including proton exchange membrane fuel cells, hybrid batteries, hydrogen storage, hydrogen dispensing, and fuel processing. Its flagship product is the electric vehicle focused GenDrive system that is complemented by their GenFuel and GenCare systems.</p><p><blockquote>首先，它在该领域拥有先进的技术和先发优势。拥有质子交换膜燃料电池、混合动力电池、储氢、配氢、燃料加工等众多氢能系统。其旗舰产品是专注于电动汽车的GenDrive系统，并辅以GenFuel和GenCare系统。</blockquote></p><p> Second of all, it has a foothold in both North America and Europe which means that it has significantly more growth potential than if it was solely focused on a single continent. In fact, North America and Europe are likely to be the leaders in Hydrogen adaptation for the foreseeable future, so PLUG is well-positioned to capture a significant portion of the global market share.</p><p><blockquote>其次，它在北美和欧洲都有立足点，这意味着它比只专注于一个大陆具有更大的增长潜力。事实上，在可预见的未来，北美和欧洲很可能成为氢适应的领导者，因此PLUG处于有利地位，可以占领全球市场份额的很大一部分。</blockquote></p><p> Third, PLUG has strong growth momentum right now and is winning business from some of the biggest companies in the world, including Amazon (AMZN), Walmart (WMT), Home Depot (HD), and General Motors (GM) either currently using their products or expected to become customers in the near future. As a result, we expect the 76% year-over-year revenue growth in its most recent&nbsp;quarterly report&nbsp;(128% year-over-year growth in their fuel cell systems and related infrastructure segment) to be sustainable for the foreseeable future.</p><p><blockquote>第三，PLUG目前增长势头强劲，正在赢得世界上一些最大公司的业务，包括亚马逊(AMZN)、沃尔玛(WMT)、家得宝(HD)和通用汽车(GM)，这些公司目前正在使用他们的产品或预计在不久的将来成为客户。因此，我们预计其最新季度报告中76%的收入同比增长（燃料电池系统和相关基础设施部门同比增长128%）在可预见的未来将是可持续的。</blockquote></p><p> In fact,analysts expect&nbsp;revenue to grow by 57% in 2022, which should push the company to EBITDA profitability.</p><p><blockquote>事实上，分析师预计2022年收入将增长57%，这应该会推动该公司实现EBITDA盈利。</blockquote></p><p> <b>#3. Valuation</b></p><p><blockquote><b>#3.估值</b></blockquote></p><p> While PLUG certainly operates in a hot industry and has numerous drivers that should enable it to capture significant market share, the company is also not cheap as it is currently running a loss.</p><p><blockquote>虽然PLUG确实在一个热门行业运营，并且拥有众多驱动因素，应该使其能够占领重要的市场份额，但该公司的价格也不便宜，因为它目前正在亏损。</blockquote></p><p></p><p> On the other hand, its EV/revenue figure is not outlandish given their growth runway as PLUG currently trades at 29.8x expected 2021 sales and 21x expected 2022 sales.</p><p><blockquote>另一方面，考虑到其增长跑道，其EV/收入数据并不奇怪，因为PLUG目前的交易价格是2021年预期销售额的29.8倍，2022年预期销售额的21倍。</blockquote></p><p> In fact, with a product gross margin of 38% that expanded by a whopping 600 basis points in PLUG's most recent earnings release, its profitability potential is significant. Overall, PLUG's gross margin is expected to be a fairly weak 9.71% in 2021, but is expected to nearly double in 2022 to 18.93%. This is also a massive increase from 2017 when the gross margin was a mere 1.2%. The EBITDA margin is also expected to be a somewhat respectable 10.7% in 2022 as well.</p><p><blockquote>事实上，PLUG最近发布的财报中，产品毛利率为38%，增长了600个基点，其盈利潜力巨大。总体而言，预计2021年PLUG的毛利率为相当疲软的9.71%，但预计2022年将增长近一倍，达到18.93%。这也比2017年的毛利率仅为1.2%大幅增长。预计2022年的EBITDA利润率也将达到相当可观的10.7%。</blockquote></p><p> If PLUG can continue to leverage its strong technology and massive expected economies of scale in the coming years, we think it is reasonable for it to push gross margins to 30% and net margins to 20% by 2032. Meanwhile, if it can capture even just 3% of global hydrogen market share by 2032 and the global market reaches roughly $390 billion by then (it is expected to exceed $200 billion by 2025 and will likely be growing by around 10% per year at least for the foreseeable future), PLUG should be generating $11.7 billion in revenues by 2032. That would assume a 31.9% revenue CAGR between 2022 and 2032, which we also believe is quite reasonable given its aforementioned growth momentum and competitive strengths.</p><p><blockquote>如果PLUG能够在未来几年继续利用其强大的技术和巨大的预期规模经济，我们认为到2032年将毛利率提高到30%，净利润率提高到20%是合理的。与此同时，如果到2032年它甚至只能占据全球氢市场3%的份额，并且届时全球市场将达到约3900亿美元（预计到2025年将超过2000亿美元，并且可能至少每年增长10%左右）在可预见的未来），到2032年，PLUG的收入将达到117亿美元。假设2022年至2032年间的收入复合年增长率为31.9%，考虑到其上述增长势头和竞争优势，我们也认为这是相当合理的。</blockquote></p><p> At a 20% net margin, that would put its net earnings at over $2.3 billion in 2032, which would require a 42.7x price to earnings multiple to warrant a $100 billion market cap. Is this a reasonable multiple? It depends a lot on interest rates, but, given that the current S&amp;P 500 (SPY) multiple is ~31x and PLUG's growth rate and growth runway will likely still be vastly superior to where the S&amp;P 500's is today, it certainly does not seem too far-fetched to us.</p><p><blockquote>如果净利润率为20%，到2032年其净利润将超过23亿美元，这需要42.7倍的市盈率才能保证1000亿美元的市值。这个倍数合理吗？这在很大程度上取决于利率，但是，考虑到目前标普500（SPDR标普500指数ETF）的市盈率约为31倍，而且PLUG的增长率和增长跑道可能仍远优于标普500目前的水平，这当然不会显得太远。对我们来说太牵强了。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/02cad870534d53e0544cd0389c837b1d\" tg-width=\"635\" tg-height=\"417\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> <b>#4. Risks</b></p><p><blockquote><b>#4.风险</b></blockquote></p><p> If this model pans out how we think it could, PLUG is a very attractive buy on the latest pullback.</p><p><blockquote>如果这个模型如我们所想的那样成功，那么在最近的回调中，PLUG是一个非常有吸引力的买入。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9e86493a3f4fcb61e8bec0de36f0f9b7\" tg-width=\"635\" tg-height=\"417\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> Of course, it assumes that PLUG will be able to overcome several risks, so investors should keep in mind that it remains a very speculative investment at this point.</p><p><blockquote>当然，它假设PLUG将能够克服一些风险，因此投资者应该记住，目前它仍然是一项非常投机性的投资。</blockquote></p><p> First and foremost, it will demand that PLUG can maintain highly competitive technology in a space that is almost certain to grow increasingly competitive in the years to come.</p><p><blockquote>首先，它将要求PLUG能够在一个几乎肯定会在未来几年竞争日益激烈的领域保持极具竞争力的技术。</blockquote></p><p> Additionally, PLUG will need to balance investing in recruiting the best talent in the industry to sustain and increase its technological edge with investing in effective marketing while also avoiding diluting shareholders or running up a big debt burden. Given that it is not yet free cash flow positive, this could prove challenging in the short term. That said, their nearly $4.8 billion in cash and cash equivalents on hand should enable it to reach free cash flow positivity without stressing its balance sheet.</p><p><blockquote>此外，PLUG需要在招聘业内最优秀人才以维持和增强其技术优势的投资与有效营销的投资之间取得平衡，同时避免稀释股东权益或增加巨额债务负担。鉴于自由现金流尚未为正，这在短期内可能具有挑战性。也就是说，他们手头近48亿美元的现金和现金等价物应该使其能够在不给资产负债表带来压力的情况下实现正自由现金流。</blockquote></p><p> Third, hydrogen power has not been without its critics over the years, most notably Tesla's (TSLA) founder and CEO Elon Musk. The wildly popular and visionary entrepreneur&nbsp;argued&nbsp;that using hydrogen to store energy can never be as efficient as storing electricity in a battery. In fact, he has gone so far as to say that using hydrogen fuel cells (which he calls \"fool cells\") to power vehicles is \"mind-bogglingly stupid.\" Obviously many individuals and corporations disagree with Musk's assessment and he has a clear incentive to try to discredit the technology, but this should still be viewed as a significant risk to keep an eye on. If hydrogen were to fall out of favor, it would significantly reduce the upside for PLUG and could even lead to permanent impairments from current levels if severe enough.</p><p><blockquote>第三，多年来，氢能并非没有批评者，最著名的是特斯拉(TSLA)创始人兼首席执行官Elon Musk。这位广受欢迎且富有远见的企业家认为，使用氢来储存能量永远不会像在电池中储存电力那样有效。事实上，他甚至说，使用氢燃料电池（他评级为“傻瓜电池”）为汽车提供动力是“愚蠢得令人难以置信”。显然，许多个人和公司不同意马斯克的评估，他有明显的动机试图诋毁这项技术，但这仍应被视为需要关注的重大风险。如果氢气失宠，将大大降低PLUG的上涨空间，如果足够严重，甚至可能导致当前水平的永久性损害。</blockquote></p><p> <b>Investor Takeaway</b></p><p><blockquote><b>投资者要点</b></blockquote></p><p> PLUG is a competitively positioned company in a rapidly-growing industry. Not only that, but the industry's growth runway looks promising for many decades to come. With advanced technology, early mover advantages, and a foothold on the two most fertile continents for Hydrogen technology, PLUG should be able to generate strong revenue growth for a long time to come.</p><p><blockquote>PLUG是一家在快速增长的行业中具有竞争力的公司。不仅如此，该行业的增长跑道在未来几十年看起来充满希望。凭借先进的技术、先发优势以及在氢技术最肥沃的两大洲的立足点，PLUG应该能够在未来很长一段时间内实现强劲的收入增长。</blockquote></p><p> Given our assumptions outlined in this article, we think that PLUG could very possibly achieve a $100 billion market cap in about a decade. This would represent a 667% total return (20.9% CAGR) over that span assuming no further share dilution.</p><p><blockquote>鉴于我们在本文中概述的假设，我们认为PLUG很可能在大约十年内达到1000亿美元的市值。假设没有进一步的股份稀释，这将意味着该期间的总回报率为667%（复合年增长率为20.9%）。</blockquote></p><p></p><p> That said, PLUG is also far from a conservative sleep well at night stock and investors should keep in mind that its current valuation assumes significant future growth and an ability to scale into profitability. It also assumes that it will retain a strong technological moat which will enable it to increase gross margins over time.</p><p><blockquote>也就是说，PLUG也远非保守的夜间睡眠良好股票，投资者应该记住，其目前的估值假设未来显着增长并有能力扩大盈利。它还假设它将保留强大的技术护城河，这将使其能够随着时间的推移提高毛利率。</blockquote></p><p> Overall, we rate PLUG a speculative buy at this point.</p><p><blockquote>总体而言，我们目前将PLUG评级为投机性买入。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4441600-plug-power-could-generate-7x-returns-over-the-next-decade\">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":{"PLUG":"普拉格能源"},"source_url":"https://seekingalpha.com/article/4441600-plug-power-could-generate-7x-returns-over-the-next-decade","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1165178450","content_text":"Summary\n\nPLUG is a leading hydrogen fuel cell turnkey provider in North American and European markets.\nThe company boasts advanced technology and strong growth momentum.\nWe outline the company's path to growing from a $15 billion market cap to a $100 billion market cap over the next decade.\nThat said, PLUG still faces significant risks to its thesis that investors should keep in mind.\n\nJONGHO SHIN/iStock via Getty Images\nPlug Power (PLUG) is a leading hydrogen fuel cell turnkey provider in North American and European markets. The company boasts advanced technology and strong growth momentum which should propel it to significant appreciation over the long term. In this article we outline the company's path to growing from a $15 billion market cap to a $100 billion market cap (nearly 7x returns) over the next decade.\n#1. Addressable Market Potential\nWith the massive tailwinds for green energy and ESG investing at the moment, the hydrogen fuel cell market is likely to enjoy strong growth momentum for many years to come.\nFirst and foremost, the Biden administration has executed an aggressive about-face from the previous administration in its disposition towards clean energy and fossil fuels. Between executive orders and rejoining the Paris Climate Accords, the U.S. Government is increasingly incentivizing green energy investment and consumption. The European Union and China are also increasingly headed in this direction.\nSecond, the ESG investing movement has taken off to where it now accounts for an astonishing one-third of total assets under management in the United States. Given that so much capital is attracted to environmentally friendly investments, companies across the board - including in the hydrocarbon sector - are increasingly adopting policies that appeal to the environmentally-conscious investor.\nThird, the disruption and transformation of the automotive industry to reduce emissions is driving strong demand for new fuel technologies.\nFinally - largely due to the heavy investment and market demand - green technologies such as hydrogen fuel cells are seeing costs decline dramatically, making them increasingly competitive on the marketplace.\nAll of this should lead to continued strong growth in the sector. In fact, U.S. Hydrogen demand is expected to be 17 million metric tons per year by 2030 and 63 million metric tons by 2050, which is pretty substantial growth from the 10 million metric tons consumed in the U.S. last year. Globally, the hydrogen generation industry is expected to reach $201 billion by 2025 and should continue to grow rapidly in the decades to follow similar to how it is expected to grow in the U.S.\n\n#2. Market Share Drivers\nWe believe that PLUG has a strong chance at capturing a sizable portion of this massive addressable market for the following reasons.\nFirst and foremost, it has advanced technology and early mover advantages in the space. It owns numerous hydrogen energy systems including proton exchange membrane fuel cells, hybrid batteries, hydrogen storage, hydrogen dispensing, and fuel processing. Its flagship product is the electric vehicle focused GenDrive system that is complemented by their GenFuel and GenCare systems.\nSecond of all, it has a foothold in both North America and Europe which means that it has significantly more growth potential than if it was solely focused on a single continent. In fact, North America and Europe are likely to be the leaders in Hydrogen adaptation for the foreseeable future, so PLUG is well-positioned to capture a significant portion of the global market share.\nThird, PLUG has strong growth momentum right now and is winning business from some of the biggest companies in the world, including Amazon (AMZN), Walmart (WMT), Home Depot (HD), and General Motors (GM) either currently using their products or expected to become customers in the near future. As a result, we expect the 76% year-over-year revenue growth in its most recent quarterly report (128% year-over-year growth in their fuel cell systems and related infrastructure segment) to be sustainable for the foreseeable future.\nIn fact,analysts expect revenue to grow by 57% in 2022, which should push the company to EBITDA profitability.\n#3. Valuation\nWhile PLUG certainly operates in a hot industry and has numerous drivers that should enable it to capture significant market share, the company is also not cheap as it is currently running a loss.\nOn the other hand, its EV/revenue figure is not outlandish given their growth runway as PLUG currently trades at 29.8x expected 2021 sales and 21x expected 2022 sales.\nIn fact, with a product gross margin of 38% that expanded by a whopping 600 basis points in PLUG's most recent earnings release, its profitability potential is significant. Overall, PLUG's gross margin is expected to be a fairly weak 9.71% in 2021, but is expected to nearly double in 2022 to 18.93%. This is also a massive increase from 2017 when the gross margin was a mere 1.2%. The EBITDA margin is also expected to be a somewhat respectable 10.7% in 2022 as well.\nIf PLUG can continue to leverage its strong technology and massive expected economies of scale in the coming years, we think it is reasonable for it to push gross margins to 30% and net margins to 20% by 2032. Meanwhile, if it can capture even just 3% of global hydrogen market share by 2032 and the global market reaches roughly $390 billion by then (it is expected to exceed $200 billion by 2025 and will likely be growing by around 10% per year at least for the foreseeable future), PLUG should be generating $11.7 billion in revenues by 2032. That would assume a 31.9% revenue CAGR between 2022 and 2032, which we also believe is quite reasonable given its aforementioned growth momentum and competitive strengths.\nAt a 20% net margin, that would put its net earnings at over $2.3 billion in 2032, which would require a 42.7x price to earnings multiple to warrant a $100 billion market cap. Is this a reasonable multiple? It depends a lot on interest rates, but, given that the current S&P 500 (SPY) multiple is ~31x and PLUG's growth rate and growth runway will likely still be vastly superior to where the S&P 500's is today, it certainly does not seem too far-fetched to us.\nData by YCharts\n#4. Risks\nIf this model pans out how we think it could, PLUG is a very attractive buy on the latest pullback.\nData by YCharts\nOf course, it assumes that PLUG will be able to overcome several risks, so investors should keep in mind that it remains a very speculative investment at this point.\nFirst and foremost, it will demand that PLUG can maintain highly competitive technology in a space that is almost certain to grow increasingly competitive in the years to come.\nAdditionally, PLUG will need to balance investing in recruiting the best talent in the industry to sustain and increase its technological edge with investing in effective marketing while also avoiding diluting shareholders or running up a big debt burden. Given that it is not yet free cash flow positive, this could prove challenging in the short term. That said, their nearly $4.8 billion in cash and cash equivalents on hand should enable it to reach free cash flow positivity without stressing its balance sheet.\nThird, hydrogen power has not been without its critics over the years, most notably Tesla's (TSLA) founder and CEO Elon Musk. The wildly popular and visionary entrepreneur argued that using hydrogen to store energy can never be as efficient as storing electricity in a battery. In fact, he has gone so far as to say that using hydrogen fuel cells (which he calls \"fool cells\") to power vehicles is \"mind-bogglingly stupid.\" Obviously many individuals and corporations disagree with Musk's assessment and he has a clear incentive to try to discredit the technology, but this should still be viewed as a significant risk to keep an eye on. If hydrogen were to fall out of favor, it would significantly reduce the upside for PLUG and could even lead to permanent impairments from current levels if severe enough.\nInvestor Takeaway\nPLUG is a competitively positioned company in a rapidly-growing industry. Not only that, but the industry's growth runway looks promising for many decades to come. With advanced technology, early mover advantages, and a foothold on the two most fertile continents for Hydrogen technology, PLUG should be able to generate strong revenue growth for a long time to come.\nGiven our assumptions outlined in this article, we think that PLUG could very possibly achieve a $100 billion market cap in about a decade. This would represent a 667% total return (20.9% CAGR) over that span assuming no further share dilution.\nThat said, PLUG is also far from a conservative sleep well at night stock and investors should keep in mind that its current valuation assumes significant future growth and an ability to scale into profitability. It also assumes that it will retain a strong technological moat which will enable it to increase gross margins over time.\nOverall, we rate PLUG a speculative buy at this point.","news_type":1,"symbols_score_info":{"PLUG":0.9}},"isVote":1,"tweetType":1,"viewCount":1567,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":809048119,"gmtCreate":1627341929031,"gmtModify":1633766037886,"author":{"id":"3578574228106809","authorId":"3578574228106809","name":"DYDFC","avatar":"https://static.tigerbbs.com/886091e1ab80cf468e97e847ef0f3f9d","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578574228106809","authorIdStr":"3578574228106809"},"themes":[],"htmlText":"F","listText":"F","text":"F","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/809048119","repostId":"1117559759","repostType":4,"isVote":1,"tweetType":1,"viewCount":1632,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":800374389,"gmtCreate":1627283068041,"gmtModify":1633766542631,"author":{"id":"3578574228106809","authorId":"3578574228106809","name":"DYDFC","avatar":"https://static.tigerbbs.com/886091e1ab80cf468e97e847ef0f3f9d","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578574228106809","authorIdStr":"3578574228106809"},"themes":[],"htmlText":"F","listText":"F","text":"F","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/800374389","repostId":"2154531659","repostType":4,"isVote":1,"tweetType":1,"viewCount":2194,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":177150008,"gmtCreate":1627188755404,"gmtModify":1633767296961,"author":{"id":"3578574228106809","authorId":"3578574228106809","name":"DYDFC","avatar":"https://static.tigerbbs.com/886091e1ab80cf468e97e847ef0f3f9d","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578574228106809","authorIdStr":"3578574228106809"},"themes":[],"htmlText":"F","listText":"F","text":"F","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/177150008","repostId":"2153936352","repostType":4,"isVote":1,"tweetType":1,"viewCount":1503,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":175089630,"gmtCreate":1626998491120,"gmtModify":1633768994609,"author":{"id":"3578574228106809","authorId":"3578574228106809","name":"DYDFC","avatar":"https://static.tigerbbs.com/886091e1ab80cf468e97e847ef0f3f9d","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578574228106809","authorIdStr":"3578574228106809"},"themes":[],"htmlText":"F","listText":"F","text":"F","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/175089630","repostId":"1151614377","repostType":4,"repost":{"id":"1151614377","kind":"news","pubTimestamp":1626959882,"share":"https://www.laohu8.com/m/news/1151614377?lang=zh_CN&edition=full","pubTime":"2021-07-22 21:18","market":"us","language":"en","title":"Blackstone Earnings Rise as Growth Strategy Boosts Portfolio<blockquote>随着增长战略增强投资组合，黑石盈利上升</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1151614377","media":"The Wall Street Journal","summary":"The private-equity firm posted second-quarter net income of $1.31 billion.\n\nBlackstone GroupInc.’sBX","content":"<p>  The private-equity firm posted second-quarter net income of $1.31 billion.  Blackstone GroupInc.’sBX1.88%earnings jumped in the second quarter, propelled by record appreciation in the value of its investments.</p><p><blockquote>这家私募股权公司公布第二季度净利润为13.1亿美元。在投资价值创纪录升值的推动下，Blackstone GroupInc.第二季度sBX1.88%盈利跃升。</blockquote></p><p> The private-equity firm posted second-quarter net income of $1.31 billion, or $1.82 a share, it said Thursday. That compares with a profit of $568.3 million, or 81 cents a share, a year earlier.</p><p><blockquote>该私募股权公司周四表示，第二季度净利润为13.1亿美元，即每股1.82美元。相比之下，去年同期的利润为5.683亿美元，即每股81美分。</blockquote></p><p> The value of Blackstone’s private-equity portfolio climbed by 13.8% in the latest period, exceeding the roughly 8% gain for the S&amp;P 500. Combined fund appreciation across its various business lines was the highest in the history of the firm.</p><p><blockquote>黑石私募股权投资组合的价值在最近一段时间内攀升了13.8%，超过了标普500约8%的涨幅。其各个业务线的综合基金增值是该公司历史上最高的。</blockquote></p><p> Aiding the strong performance was Blackstone’s recent emphasis on putting money into fast-growing companies. Initial public offerings of outsourcing companyTaskUsInc.and Indian electric-vehicle components manufacturerSona BLW Precision ForgingsLtd.pushed up the firm’s private-equity portfolio, while sales of last-mile logistics properties in the U.S. and Australia helped boost its real-estate holdings.</p><p><blockquote>黑石最近强调向快速增长的公司投入资金，这有助于其强劲的业绩。外包公司TaskusInc.和印度电动汽车零部件制造商Sona BLW Precision ForgingsLtd.的首次公开募股推高了该公司的私募股权投资组合，而美国和澳大利亚最后一英里物流资产的销售有助于增加其房地产持股。</blockquote></p><p>   ‘The pivot into good neighborhoods has really paid off.’— Jonathan Gray, Blackstone  Blackstone President Jonathan Gray has encouraged the firm’s business heads tothink more thematicallyabout investing, identifying global trends and finding ways to put money to work in areas that would benefit from them. Among these are logistics, software, digital payments and life sciences, areas of the economy that are experiencing outsize growth.</p><p><blockquote>“向良好社区的转变确实得到了回报。”——Jonathan Gray，Blackstone黑石总裁Jonathan Gray鼓励公司的业务负责人更多地思考投资主题，识别全球趋势，并找到将资金投入到受益领域的方法从中受益。其中包括物流、软件、数字支付和生命科学，这些经济领域正在经历巨大的增长。</blockquote></p><p> “The pivot into good neighborhoods has really paid off,” Mr. Gray said in an interview.</p><p><blockquote>“向良好社区的转变确实得到了回报，”格雷先生在接受采访时说。</blockquote></p><p> Blackstone’s distributable earnings, or the amount of cash that could be returned to shareholders, came in at $1.07 billion, or 82 cents a share, in the quarter. That compares with $548 million, or 43 cents a share, a year earlier.</p><p><blockquote>黑石本季度的可分配收益（即可以返还给股东的现金金额）为10.7亿美元，即每股82美分。相比之下，一年前为5.48亿美元，即每股43美分。</blockquote></p><p> The firm said it would pay a dividend of 70 cents a share for the quarter, versus 37 cents in the second quarter of 2020.</p><p><blockquote>该公司表示，本季度将支付每股70美分的股息，而2020年第二季度为37美分。</blockquote></p><p> Blackstone invested $23.8 billion during the second quarter and committed to an additional $28.5 billion, another record. Among its commitments was a June agreement to partner with rivals Carlyle Group Inc. and Hellman &amp; Friedman LLC in adeal for Medline Industries Inc.that values the medical-equipment supplier at more than $30 billion and represents the largest leveraged buyout since the financial crisis.</p><p><blockquote>Blackstone在第二季度投资了238亿美元，并承诺额外投资285亿美元，再创历史新高。其承诺之一是6月份与竞争对手凯雷集团(Carlyle Group Inc.)和Hellman&amp;Friedman LLC合作收购Medline Industries Inc.。该协议对这家医疗设备供应商的估值超过300亿美元，是金融危机以来最大的杠杆收购。</blockquote></p><p> Blackstone’s infrastructure business and nontraded real-estate investment trustalso struck a deal to acquiredata-center operator QTS Realty Trust Inc. for $6.7 billion.</p><p><blockquote>Blackstone的基础设施业务和非交易房地产投资信托公司也达成协议，以67亿美元收购数据中心运营商QTS Realty Trust Inc.。</blockquote></p><p> The firm had inflows of $37.3 billion in the quarter, with much of that coming from its credit business and its giant Core+ real-estate strategy.</p><p><blockquote>该公司本季度的资金流入为373亿美元，其中大部分来自其信贷业务及其庞大的Core+房地产战略。</blockquote></p><p> Assets under management rose 21% over the prior year to $684 billion. So-called perpetual capital, which generates a steady stream of locked-in fees because it doesn’t need to be returned to investors as quickly, climbed 55% year-over-year to $169.5 billion.</p><p><blockquote>管理资产较上年增长21%，达到6840亿美元。所谓的永续资本同比增长55%，达到1,695亿美元，因为不需要很快返还给投资者，因此会产生稳定的锁定费用。</blockquote></p><p> That figure is set to rise, thanks in part to a sweeping partnership Blackstone announced last week with insurance companyAmerican International GroupInc.The investment firm will manage a portion of AIG’s assets and will pay$2.2 billion for a 9.9% stakein its life-insurance and retirement-services unit. The deal is set to push Blackstone’s insurance assets under management to about $150 billion by the end of 2021.</p><p><blockquote>这一数字还会上升，部分原因是黑石集团上周宣布与保险公司美国国际集团公司建立全面合作伙伴关系。该投资公司将管理AIG的部分资产，并将支付22亿美元购买其人寿保险和退休服务部门9.9%的股份。到2021年底，该交易将使黑石管理的保险资产达到约1500亿美元。</blockquote></p><p> “It really encapsulates the evolution of our business,” Mr. Gray said of the AIG arrangement.</p><p><blockquote>“它确实概括了我们业务的演变，”格雷先生在谈到AIG的安排时说道。</blockquote></p><p> A decade of low interest rates and strong performance has prompted the firm to venture beyond its traditional focus on investing institutional money, he said.</p><p><blockquote>他表示，十年的低利率和强劲业绩促使该公司超越传统的机构资金投资重点。</blockquote></p><p> The combined market opportunity in insurance and retail is worth significantly more, he said.</p><p><blockquote>他表示，保险和零售业的市场机会价值要高得多。</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>Blackstone Earnings Rise as Growth Strategy Boosts Portfolio<blockquote>随着增长战略增强投资组合，黑石盈利上升</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\">\nBlackstone Earnings Rise as Growth Strategy Boosts Portfolio<blockquote>随着增长战略增强投资组合，黑石盈利上升</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">The Wall Street Journal</strong><span class=\"h-time small\">2021-07-22 21:18</span>\n</p>\n</h4>\n</header>\n<article>\n<p>  The private-equity firm posted second-quarter net income of $1.31 billion.  Blackstone GroupInc.’sBX1.88%earnings jumped in the second quarter, propelled by record appreciation in the value of its investments.</p><p><blockquote>这家私募股权公司公布第二季度净利润为13.1亿美元。在投资价值创纪录升值的推动下，Blackstone GroupInc.第二季度sBX1.88%盈利跃升。</blockquote></p><p> The private-equity firm posted second-quarter net income of $1.31 billion, or $1.82 a share, it said Thursday. That compares with a profit of $568.3 million, or 81 cents a share, a year earlier.</p><p><blockquote>该私募股权公司周四表示，第二季度净利润为13.1亿美元，即每股1.82美元。相比之下，去年同期的利润为5.683亿美元，即每股81美分。</blockquote></p><p> The value of Blackstone’s private-equity portfolio climbed by 13.8% in the latest period, exceeding the roughly 8% gain for the S&amp;P 500. Combined fund appreciation across its various business lines was the highest in the history of the firm.</p><p><blockquote>黑石私募股权投资组合的价值在最近一段时间内攀升了13.8%，超过了标普500约8%的涨幅。其各个业务线的综合基金增值是该公司历史上最高的。</blockquote></p><p> Aiding the strong performance was Blackstone’s recent emphasis on putting money into fast-growing companies. Initial public offerings of outsourcing companyTaskUsInc.and Indian electric-vehicle components manufacturerSona BLW Precision ForgingsLtd.pushed up the firm’s private-equity portfolio, while sales of last-mile logistics properties in the U.S. and Australia helped boost its real-estate holdings.</p><p><blockquote>黑石最近强调向快速增长的公司投入资金，这有助于其强劲的业绩。外包公司TaskusInc.和印度电动汽车零部件制造商Sona BLW Precision ForgingsLtd.的首次公开募股推高了该公司的私募股权投资组合，而美国和澳大利亚最后一英里物流资产的销售有助于增加其房地产持股。</blockquote></p><p>   ‘The pivot into good neighborhoods has really paid off.’— Jonathan Gray, Blackstone  Blackstone President Jonathan Gray has encouraged the firm’s business heads tothink more thematicallyabout investing, identifying global trends and finding ways to put money to work in areas that would benefit from them. Among these are logistics, software, digital payments and life sciences, areas of the economy that are experiencing outsize growth.</p><p><blockquote>“向良好社区的转变确实得到了回报。”——Jonathan Gray，Blackstone黑石总裁Jonathan Gray鼓励公司的业务负责人更多地思考投资主题，识别全球趋势，并找到将资金投入到受益领域的方法从中受益。其中包括物流、软件、数字支付和生命科学，这些经济领域正在经历巨大的增长。</blockquote></p><p> “The pivot into good neighborhoods has really paid off,” Mr. Gray said in an interview.</p><p><blockquote>“向良好社区的转变确实得到了回报，”格雷先生在接受采访时说。</blockquote></p><p> Blackstone’s distributable earnings, or the amount of cash that could be returned to shareholders, came in at $1.07 billion, or 82 cents a share, in the quarter. That compares with $548 million, or 43 cents a share, a year earlier.</p><p><blockquote>黑石本季度的可分配收益（即可以返还给股东的现金金额）为10.7亿美元，即每股82美分。相比之下，一年前为5.48亿美元，即每股43美分。</blockquote></p><p> The firm said it would pay a dividend of 70 cents a share for the quarter, versus 37 cents in the second quarter of 2020.</p><p><blockquote>该公司表示，本季度将支付每股70美分的股息，而2020年第二季度为37美分。</blockquote></p><p> Blackstone invested $23.8 billion during the second quarter and committed to an additional $28.5 billion, another record. Among its commitments was a June agreement to partner with rivals Carlyle Group Inc. and Hellman &amp; Friedman LLC in adeal for Medline Industries Inc.that values the medical-equipment supplier at more than $30 billion and represents the largest leveraged buyout since the financial crisis.</p><p><blockquote>Blackstone在第二季度投资了238亿美元，并承诺额外投资285亿美元，再创历史新高。其承诺之一是6月份与竞争对手凯雷集团(Carlyle Group Inc.)和Hellman&amp;Friedman LLC合作收购Medline Industries Inc.。该协议对这家医疗设备供应商的估值超过300亿美元，是金融危机以来最大的杠杆收购。</blockquote></p><p> Blackstone’s infrastructure business and nontraded real-estate investment trustalso struck a deal to acquiredata-center operator QTS Realty Trust Inc. for $6.7 billion.</p><p><blockquote>Blackstone的基础设施业务和非交易房地产投资信托公司也达成协议，以67亿美元收购数据中心运营商QTS Realty Trust Inc.。</blockquote></p><p> The firm had inflows of $37.3 billion in the quarter, with much of that coming from its credit business and its giant Core+ real-estate strategy.</p><p><blockquote>该公司本季度的资金流入为373亿美元，其中大部分来自其信贷业务及其庞大的Core+房地产战略。</blockquote></p><p> Assets under management rose 21% over the prior year to $684 billion. So-called perpetual capital, which generates a steady stream of locked-in fees because it doesn’t need to be returned to investors as quickly, climbed 55% year-over-year to $169.5 billion.</p><p><blockquote>管理资产较上年增长21%，达到6840亿美元。所谓的永续资本同比增长55%，达到1,695亿美元，因为不需要很快返还给投资者，因此会产生稳定的锁定费用。</blockquote></p><p> That figure is set to rise, thanks in part to a sweeping partnership Blackstone announced last week with insurance companyAmerican International GroupInc.The investment firm will manage a portion of AIG’s assets and will pay$2.2 billion for a 9.9% stakein its life-insurance and retirement-services unit. The deal is set to push Blackstone’s insurance assets under management to about $150 billion by the end of 2021.</p><p><blockquote>这一数字还会上升，部分原因是黑石集团上周宣布与保险公司美国国际集团公司建立全面合作伙伴关系。该投资公司将管理AIG的部分资产，并将支付22亿美元购买其人寿保险和退休服务部门9.9%的股份。到2021年底，该交易将使黑石管理的保险资产达到约1500亿美元。</blockquote></p><p> “It really encapsulates the evolution of our business,” Mr. Gray said of the AIG arrangement.</p><p><blockquote>“它确实概括了我们业务的演变，”格雷先生在谈到AIG的安排时说道。</blockquote></p><p> A decade of low interest rates and strong performance has prompted the firm to venture beyond its traditional focus on investing institutional money, he said.</p><p><blockquote>他表示，十年的低利率和强劲业绩促使该公司超越传统的机构资金投资重点。</blockquote></p><p> The combined market opportunity in insurance and retail is worth significantly more, he said.</p><p><blockquote>他表示，保险和零售业的市场机会价值要高得多。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.wsj.com/articles/blackstone-earnings-rise-as-growth-strategy-boosts-portfolio-11626951596?mod=hp_lead_pos4\">The Wall Street Journal</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BX":"黑石"},"source_url":"https://www.wsj.com/articles/blackstone-earnings-rise-as-growth-strategy-boosts-portfolio-11626951596?mod=hp_lead_pos4","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1151614377","content_text":"The private-equity firm posted second-quarter net income of $1.31 billion.\n\nBlackstone GroupInc.’sBX1.88%earnings jumped in the second quarter, propelled by record appreciation in the value of its investments.\nThe private-equity firm posted second-quarter net income of $1.31 billion, or $1.82 a share, it said Thursday. That compares with a profit of $568.3 million, or 81 cents a share, a year earlier.\nThe value of Blackstone’s private-equity portfolio climbed by 13.8% in the latest period, exceeding the roughly 8% gain for the S&P 500. Combined fund appreciation across its various business lines was the highest in the history of the firm.\nAiding the strong performance was Blackstone’s recent emphasis on putting money into fast-growing companies. Initial public offerings of outsourcing companyTaskUsInc.and Indian electric-vehicle components manufacturerSona BLW Precision ForgingsLtd.pushed up the firm’s private-equity portfolio, while sales of last-mile logistics properties in the U.S. and Australia helped boost its real-estate holdings.\n\n ‘The pivot into good neighborhoods has really paid off.’— Jonathan Gray, Blackstone\n\nBlackstone President Jonathan Gray has encouraged the firm’s business heads tothink more thematicallyabout investing, identifying global trends and finding ways to put money to work in areas that would benefit from them. Among these are logistics, software, digital payments and life sciences, areas of the economy that are experiencing outsize growth.\n“The pivot into good neighborhoods has really paid off,” Mr. Gray said in an interview.\nBlackstone’s distributable earnings, or the amount of cash that could be returned to shareholders, came in at $1.07 billion, or 82 cents a share, in the quarter. That compares with $548 million, or 43 cents a share, a year earlier.\nThe firm said it would pay a dividend of 70 cents a share for the quarter, versus 37 cents in the second quarter of 2020.\nBlackstone invested $23.8 billion during the second quarter and committed to an additional $28.5 billion, another record. Among its commitments was a June agreement to partner with rivals Carlyle Group Inc. and Hellman & Friedman LLC in adeal for Medline Industries Inc.that values the medical-equipment supplier at more than $30 billion and represents the largest leveraged buyout since the financial crisis.\nBlackstone’s infrastructure business and nontraded real-estate investment trustalso struck a deal to acquiredata-center operator QTS Realty Trust Inc. for $6.7 billion.\nThe firm had inflows of $37.3 billion in the quarter, with much of that coming from its credit business and its giant Core+ real-estate strategy.\nAssets under management rose 21% over the prior year to $684 billion. So-called perpetual capital, which generates a steady stream of locked-in fees because it doesn’t need to be returned to investors as quickly, climbed 55% year-over-year to $169.5 billion.\nThat figure is set to rise, thanks in part to a sweeping partnership Blackstone announced last week with insurance companyAmerican International GroupInc.The investment firm will manage a portion of AIG’s assets and will pay$2.2 billion for a 9.9% stakein its life-insurance and retirement-services unit. The deal is set to push Blackstone’s insurance assets under management to about $150 billion by the end of 2021.\n“It really encapsulates the evolution of our business,” Mr. Gray said of the AIG arrangement.\nA decade of low interest rates and strong performance has prompted the firm to venture beyond its traditional focus on investing institutional money, he said.\nThe combined market opportunity in insurance and retail is worth significantly more, he said.","news_type":1,"symbols_score_info":{"BX":0.9}},"isVote":1,"tweetType":1,"viewCount":1343,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":176765918,"gmtCreate":1626916706434,"gmtModify":1633769780838,"author":{"id":"3578574228106809","authorId":"3578574228106809","name":"DYDFC","avatar":"https://static.tigerbbs.com/886091e1ab80cf468e97e847ef0f3f9d","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578574228106809","authorIdStr":"3578574228106809"},"themes":[],"htmlText":"F","listText":"F","text":"F","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/176765918","repostId":"2153062824","repostType":4,"isVote":1,"tweetType":1,"viewCount":2880,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":178613771,"gmtCreate":1626815666793,"gmtModify":1633770860749,"author":{"id":"3578574228106809","authorId":"3578574228106809","name":"DYDFC","avatar":"https://static.tigerbbs.com/886091e1ab80cf468e97e847ef0f3f9d","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578574228106809","authorIdStr":"3578574228106809"},"themes":[],"htmlText":"Liked and shared commented","listText":"Liked and shared commented","text":"Liked and shared commented","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/178613771","repostId":"1138312795","repostType":4,"repost":{"id":"1138312795","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":1626789951,"share":"https://www.laohu8.com/m/news/1138312795?lang=zh_CN&edition=full","pubTime":"2021-07-20 22:05","market":"us","language":"en","title":"The DOW rose more than 1%, IBM gained over 4%<blockquote>道指涨超1%IBM涨超4%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1138312795","media":"Tiger Newspress","summary":"(July 20)&nbsp;The DOW rose more than 1%.&nbsp;$IBM($IBM(IBM)$)$ gained over 4%,IBM quarterly revenue beats on cloud strength.&nbsp;Apple,&nbsp;Boeing&nbsp;jumped&nbsp;more than 1%.","content":"<p>(July 20)&nbsp;The DOW rose more than 1%.&nbsp;$IBM(<a href=\"https://laohu8.com/S/IBM\">IBM</a>)$ gained over 4%,IBM quarterly revenue beats on cloud strength.&nbsp;Apple,&nbsp;Boeing&nbsp;jumped&nbsp;more than 1%.</p><p><blockquote>（7月20日）道指涨超1%.$IBM(<a href=\"https://laohu8.com/S/IBM\">IBM</a>)$上涨超过4%，IBM季度收入超过云实力。苹果、波音股价上涨逾1%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/dc8f499a846f2fa479bd3d28563ee70d\" tg-width=\"958\" tg-height=\"917\" 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>The DOW rose more than 1%, IBM gained over 4%<blockquote>道指涨超1%IBM涨超4%</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\">\nThe DOW rose more than 1%, IBM gained over 4%<blockquote>道指涨超1%IBM涨超4%</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\">2021-07-20 22:05</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>(July 20)&nbsp;The DOW rose more than 1%.&nbsp;$IBM(<a href=\"https://laohu8.com/S/IBM\">IBM</a>)$ gained over 4%,IBM quarterly revenue beats on cloud strength.&nbsp;Apple,&nbsp;Boeing&nbsp;jumped&nbsp;more than 1%.</p><p><blockquote>（7月20日）道指涨超1%.$IBM(<a href=\"https://laohu8.com/S/IBM\">IBM</a>)$上涨超过4%，IBM季度收入超过云实力。苹果、波音股价上涨逾1%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/dc8f499a846f2fa479bd3d28563ee70d\" tg-width=\"958\" tg-height=\"917\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IBM":"IBM"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1138312795","content_text":"(July 20) The DOW rose more than 1%. $IBM(IBM)$ gained over 4%,IBM quarterly revenue beats on cloud strength. Apple, Boeing jumped more than 1%.","news_type":1,"symbols_score_info":{"IBM":0.9}},"isVote":1,"tweetType":1,"viewCount":655,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":171868451,"gmtCreate":1626737493673,"gmtModify":1633924603513,"author":{"id":"3578574228106809","authorId":"3578574228106809","name":"DYDFC","avatar":"https://static.tigerbbs.com/886091e1ab80cf468e97e847ef0f3f9d","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578574228106809","authorIdStr":"3578574228106809"},"themes":[],"htmlText":"F","listText":"F","text":"F","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/171868451","repostId":"2152483637","repostType":4,"isVote":1,"tweetType":1,"viewCount":503,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":179522287,"gmtCreate":1626566307749,"gmtModify":1633925904735,"author":{"id":"3578574228106809","authorId":"3578574228106809","name":"DYDFC","avatar":"https://static.tigerbbs.com/886091e1ab80cf468e97e847ef0f3f9d","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578574228106809","authorIdStr":"3578574228106809"},"themes":[],"htmlText":"F","listText":"F","text":"F","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/179522287","repostId":"1159574501","repostType":4,"repost":{"id":"1159574501","kind":"news","pubTimestamp":1626484131,"share":"https://www.laohu8.com/m/news/1159574501?lang=zh_CN&edition=full","pubTime":"2021-07-17 09:08","market":"us","language":"en","title":"'Bad Omen' For Meme Stocks And The Retail Trading Boom? Here's What The Data Says<blockquote>迷因股票和零售交易繁荣的“坏兆头”？数据是这么说的</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1159574501","media":"Benzinga","summary":"Social media meme stocks GameStop Corp.(NYSE:GME) and AMC Entertainment Holdings Inc(NYSE:AMC) took ","content":"<p><div> Social media meme stocks GameStop Corp.(NYSE:GME) and AMC Entertainment Holdings Inc(NYSE:AMC) took a beating this week, with GameStop on track to finish the week down 9% and AMC set to lose 20.9% in ...</p><p><blockquote><div>社交媒体meme股票游戏驿站公司（纽约证券交易所代码：GME）和AMC院线控股公司（纽约证券交易所代码：AMC）本周遭受重创，游戏驿站本周将下跌9%，AMC将下跌20.9%。</div></blockquote></p><p>  <a href=\"https://www.benzinga.com/analyst-ratings/analyst-color/21/07/22023662/bad-omen-for-meme-stocks-and-the-retail-trading-boom-heres-what-the-data-says\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.benzinga.com/analyst-ratings/analyst-color/21/07/22023662/bad-omen-for-meme-stocks-and-the-retail-trading-boom-heres-what-the-data-says\">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>'Bad Omen' For Meme Stocks And The Retail Trading Boom? Here's What The Data Says<blockquote>迷因股票和零售交易繁荣的“坏兆头”？数据是这么说的</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\">\n'Bad Omen' For Meme Stocks And The Retail Trading Boom? Here's What The Data Says<blockquote>迷因股票和零售交易繁荣的“坏兆头”？数据是这么说的</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Benzinga</strong><span class=\"h-time small\">2021-07-17 09:08</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> Social media meme stocks GameStop Corp.(NYSE:GME) and AMC Entertainment Holdings Inc(NYSE:AMC) took a beating this week, with GameStop on track to finish the week down 9% and AMC set to lose 20.9% in ...</p><p><blockquote><div>社交媒体meme股票游戏驿站公司（纽约证券交易所代码：GME）和AMC院线控股公司（纽约证券交易所代码：AMC）本周遭受重创，游戏驿站本周将下跌9%，AMC将下跌20.9%。</div></blockquote></p><p>  <a href=\"https://www.benzinga.com/analyst-ratings/analyst-color/21/07/22023662/bad-omen-for-meme-stocks-and-the-retail-trading-boom-heres-what-the-data-says\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.benzinga.com/analyst-ratings/analyst-color/21/07/22023662/bad-omen-for-meme-stocks-and-the-retail-trading-boom-heres-what-the-data-says\">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/analyst-ratings/analyst-color/21/07/22023662/bad-omen-for-meme-stocks-and-the-retail-trading-boom-heres-what-the-data-says\">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":{"TLRY":"Tilray Inc.","AMC":"AMC院线","GME":"游戏驿站"},"source_url":"https://www.benzinga.com/analyst-ratings/analyst-color/21/07/22023662/bad-omen-for-meme-stocks-and-the-retail-trading-boom-heres-what-the-data-says","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1159574501","content_text":"Social media meme stocks GameStop Corp.(NYSE:GME) and AMC Entertainment Holdings Inc(NYSE:AMC) took a beating this week, with GameStop on track to finish the week down 9% and AMC set to lose 20.9% in Friday afternoon trading.\nDataTrek Research co-founder Nicholas Colas said this week there is an ominous sign the meme stock phenomenon may be dying a slow death.\nRetail Trading Boom:DataTrek has been periodically tracking the boom in retail traders triggered during the pandemic in 2020 and 2021 by monitoring U.S. Google search volume for the keywords “invest” and “buy stock.” Colas said these basic search terms are a broad way to gauge marginal retail investor interest in the stock market.\nThe image below shows how search volume for those key phrases has changed since the beginning of 2020.\n\nColas said the search volume data clearly indicates the retail stock trading fad is completely over at this point, a “very bad omen” for AMC and GameStop. In fact, Google search volume is now back down to where it was before the pandemic started in early 2020.\nIn addition, search volumes are now down 75% from their peak levels during the initial short squeezes in AMC and GameStop back in January 2021.\nColas said meme stocks like AMC need new retail stock traders to join in the buying to support their stock prices else they could be headed for more volatility like they have experienced this week.\n“Bubbles need fresh money, or they deflate. Quickly,” Colas wrote. “Every craze needs new adherents (i.e., not just the same crowd) to keep it relevant, and the Google chart shows those are in increasingly short supply.”\nPMP Weighs In:Benzinga PreMarket Prep co-host Dennis Dick said a good story can carry a stock a long way, and some stocks can even become so hot that they become temporarily disconnected from the company’s underlying fundamentals.\n“We have seen that in a number of meme stocks this year. Story can drive price in the short run but stocks almost always return back to their fundamental value in the long run,” Dick said.\nThe type of disconnect between share price and underlying value that AMC and GameStop have experienced in 2021 is certainly nothing new. Canadian cannabis stock Tilray Inc(NASDAQ:TLRY) experienced a similar disconnect back in 2018 when a retail stock mania sent the stock skyrocketing up to $300. Today, Tilray is trading back down at around $13.90.\n“As the stock price begins to fall, momentum traders who have been chasing the hot story will begin to exit. But if the stock trades at an extreme valuation, there may be very few traders willing to buy. This is what we are starting to see in many meme stocks today,” Dick said.\nBenzinga's Take:If the story begins to get hot again, the stock prices of overvalued story stocks can always recover once again. But without any underlying fundamentals to support the valuation, these types of stocks need a constant stream of new buyers and an increasingly bullish story to generate fresh enthusiasm.","news_type":1,"symbols_score_info":{"AMC":0.9,"TLRY":0.9,"GME":0.9}},"isVote":1,"tweetType":1,"viewCount":520,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":170362733,"gmtCreate":1626405482122,"gmtModify":1633927029111,"author":{"id":"3578574228106809","authorId":"3578574228106809","name":"DYDFC","avatar":"https://static.tigerbbs.com/886091e1ab80cf468e97e847ef0f3f9d","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578574228106809","authorIdStr":"3578574228106809"},"themes":[],"htmlText":"F","listText":"F","text":"F","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/170362733","repostId":"1178506488","repostType":4,"isVote":1,"tweetType":1,"viewCount":481,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":144269980,"gmtCreate":1626301205440,"gmtModify":1633928208430,"author":{"id":"3578574228106809","authorId":"3578574228106809","name":"DYDFC","avatar":"https://static.tigerbbs.com/886091e1ab80cf468e97e847ef0f3f9d","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578574228106809","authorIdStr":"3578574228106809"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/144269980","repostId":"2151548948","repostType":4,"isVote":1,"tweetType":1,"viewCount":484,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":144287414,"gmtCreate":1626301140538,"gmtModify":1633928209523,"author":{"id":"3578574228106809","authorId":"3578574228106809","name":"DYDFC","avatar":"https://static.tigerbbs.com/886091e1ab80cf468e97e847ef0f3f9d","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578574228106809","authorIdStr":"3578574228106809"},"themes":[],"htmlText":"F","listText":"F","text":"F","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/144287414","repostId":"2151543698","repostType":4,"isVote":1,"tweetType":1,"viewCount":744,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":146031015,"gmtCreate":1626042538037,"gmtModify":1633930824604,"author":{"id":"3578574228106809","authorId":"3578574228106809","name":"DYDFC","avatar":"https://static.tigerbbs.com/886091e1ab80cf468e97e847ef0f3f9d","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578574228106809","authorIdStr":"3578574228106809"},"themes":[],"htmlText":"Continue to hodl and to the moon&nbsp;","listText":"Continue to hodl and to the moon&nbsp;","text":"Continue to hodl and to the moon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/146031015","repostId":"1196440758","repostType":4,"repost":{"id":"1196440758","kind":"news","pubTimestamp":1625967335,"share":"https://www.laohu8.com/m/news/1196440758?lang=zh_CN&edition=full","pubTime":"2021-07-11 09:35","market":"us","language":"en","title":"2 Growth Stocks for the Next 10 Years<blockquote>未来10年的2只成长型股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1196440758","media":"Motley Fool","summary":"Both of these companies grew revenue by triple-digit rates in their most recent quarters. More importantly, their futures look bright.","content":"<p><b>Key Points</b></p><p><blockquote><b>要点</b></blockquote></p><p> <ul>  <li>Growth stocks may be riskier than stable and established companies, but carefully selected ones may be worth it.</li>  <li>Stay-at-home trends have helped these companies, but their growth rates were high before the pandemic, too.</li>  <li>Both of these fast-growing tech businesses are already profitable.</li> </ul> There's an interesting dilemma when it comes to picking stocks investors can likely hold for years or even decades. On the one hand, investors looking to hold shares for the long haul can stick with stable and established companies that have been around for decades and will likely continue succeeding for the foreseeable future -- companies like&nbsp;<b>Waste Management</b>&nbsp;and&nbsp;<b>Berkshire Hathaway</b>. The downside to this approach, however, is that investors may miss out on the potential outperformance that could come from fast-growing companies over the long haul.</p><p><blockquote><ul><li>成长型股票可能比稳定、成熟的公司风险更大，但精心挑选的股票可能是值得的。</li><li>居家趋势帮助了这些公司，但它们的增长率在大流行之前也很高。</li><li>这两项快速增长的科技业务都已经盈利。</li></ul>在选择投资者可能持有数年甚至数十年的股票时，存在一个有趣的困境。一方面，希望长期持有股票的投资者可以坚持持有稳定且成熟的公司，这些公司已经存在了数十年，并且在可预见的未来可能会继续取得成功——例如<b>废物管理</b>和<b>伯克希尔哈撒韦</b>然而，这种方法的缺点是，投资者可能会错过长期快速增长的公司可能带来的潜在优异表现。</blockquote></p><p> The issue with buying&nbsp;growth stocks, however, is that it's extremely difficult to gauge how long their rapid top-line growth rates can persist. Further, these companies' stock prices could perform very poorly if the growth prospects already baked into the stock price don't pan out. In other words, there's arguably more risk when it comes to betting on growth stocks for the next decade than there is for stable and established companies with decades of success behind them.</p><p><blockquote>然而，购买成长型股票的问题在于，很难衡量其快速的营收增长率能持续多久。此外，如果股价中已经体现的增长前景没有实现，这些公司的股价可能会表现非常糟糕。换句话说，押注未来十年的成长型股票可能比押注拥有数十年成功经验的稳定成熟公司的风险更大。</blockquote></p><p> So if an&nbsp;investor&nbsp;wants to buy growth stocks with a high chance of exceeding expectations over the next 10 years, they better have some pretty good reasons to believe these companies can do exactly that.</p><p><blockquote>因此，如果投资者想购买未来10年极有可能超出预期的成长型股票，他们最好有一些很好的理由相信这些公司能够做到这一点。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/257045ef62f724806bce2b35390a5e4f\" tg-width=\"2000\" tg-height=\"1500\"><span>IMAGE SOURCE: GETTY IMAGES.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> Here are two growth stocks that have a shot at not only living up to high expectations over the next 10 years but possibly even exceeding them:<b>Zoom Video Communications</b>(NASDAQ:ZM)&nbsp;and&nbsp;<b>Peloton Interactive</b>(NASDAQ:PTON).</p><p><blockquote>以下是两只成长型股票，它们不仅有可能在未来10年达到高预期，甚至可能超过预期：<b>Zoom Video通信公司</b>（纳斯达克：ZM）及<b>Peloton互动</b>（纳斯达克：PTON）。</blockquote></p><p> <b>Zoom and Peloton were already thriving before the pandemic</b></p><p><blockquote><b>Zoom和Peloton在大流行之前就已经蓬勃发展</b></blockquote></p><p> At first glance, investors may conclude that Zoom is nothing more than a pandemic stock. They may argue that the company's success was predicated almost entirely on the fact that much of the world was in lockdown in 2020 and going into 2021.</p><p><blockquote>乍一看，投资者可能会得出结论，Zoom只不过是一只流行病股票。他们可能会说，该公司的成功几乎完全取决于这样一个事实，即世界大部分地区在2020年和2021年都处于封锁状态。</blockquote></p><p> It's true that Zoom benefited significantly from the rise of virtual work in 2020. After all, revenue for the company's fiscal 2021 (a fiscal year ending Jan. 31, 2021) skyrocketed 326% year over year. But investors should note that the trend of using video to collaborate virtually was already extremely strong before the pandemic; fiscal 2020 revenue rose 88% year over year. Growth at the time was particularly strong from large customers. Zoom's customers contributing more than $100,000 of trailing-12-month revenue increased 86% year over year in the fourth quarter of fiscal 2020.</p><p><blockquote>确实，Zoom从2020年虚拟工作的兴起中受益匪浅。毕竟，该公司2021财年（截至2021年1月31日的财年）的收入同比飙升326%。但投资者应该注意到，在大流行之前，使用视频进行虚拟协作的趋势就已经非常强劲；2020财年收入同比增长88%。当时来自大客户的增长尤其强劲。2020财年第四季度，Zoom的客户过去12个月收入贡献超过10万美元，同比增长86%。</blockquote></p><p> The same goes for Peloton. The company certainly benefited from the pandemic, but revenue during the quarter ending Dec. 31, 2019 was growing at a year-over-year rate of 77%, with connected fitness subscribers increasing 96% year over year.</p><p><blockquote>Peloton也是如此。该公司当然受益于疫情，但截至2019年12月31日的季度收入同比增长77%，联网健身订户同比增长96%。</blockquote></p><p> <b>Continued momentum</b></p><p><blockquote><b>持续的势头</b></blockquote></p><p> The underlying catalysts driving Zoom and Peloton are both still alive and well. Strong growth persists at both companies.</p><p><blockquote>推动Zoom和Peloton的潜在催化剂仍然存在。两家公司都持续强劲增长。</blockquote></p><p> Despite facing extremely tough comparisons in the year-ago quarter, from when both companies were benefiting from soaring demand amid lockdowns, Zoom's and Peloton's revenue in their most recently reported quarters grew 191% and 141% year over year, respectively.</p><p><blockquote>尽管与去年同期相比面临极其严峻的比较，但Zoom和Peloton在最近报告的季度中的收入分别同比增长了191%和141%，当时两家公司都受益于封锁期间需求飙升。</blockquote></p><p> Looking ahead, Zoom notably guided for fiscal 2022 revenue of nearly $4 billion, up from fiscal 2021 revenue of about $2.7 billion.</p><p><blockquote>展望未来，Zoom特别预计2022财年营收将接近40亿美元，高于2021财年约27亿美元的营收。</blockquote></p><p> Boding well for Peloton's continued momentum, management said in its most recent quarterly update that its monthly average workouts per connected fitness subscription rose to an all-time high, showing how the company's products are still yielding high engagement even as the economy reopens.</p><p><blockquote>管理层在最近的季度更新中表示，其每个互联健身订阅的月平均锻炼次数升至历史新高，这预示着Peloton的持续势头，这表明即使经济重新开放，该公司的产品仍然产生高参与度。</blockquote></p><p> <b>Healthy profits</b></p><p><blockquote><b>健康利润</b></blockquote></p><p> Finally, another factor that makes these companies unique from many other growth stocks is that they are already very profitable. Zoom generated $873 million of net income on $3.3 billion of trailing-12-month sales, and Peloton served up $213 million of net income from $3.7 billion in revenue.</p><p><blockquote>最后，这些公司与许多其他成长型股票不同的另一个因素是，它们已经非常有利可图。Zoom过去12个月的销售额为33亿美元，净利润为8.73亿美元，Peloton的净利润为37亿美元，净利润为2.13亿美元。</blockquote></p><p> Substantial profits give these companies an edge when it comes to reinvesting in growth opportunities ahead of them and spending on efforts to enhance their competitive positioning and first-mover advantages in their respective industries.</p><p><blockquote>可观的利润使这些公司在对未来的增长机会进行再投资以及努力增强其在各自行业的竞争地位和先发优势方面具有优势。</blockquote></p><p> While there's no guarantee these two stocks will beat the market over the next 10 years, their recent momentum -- before, during, and after the worst part of the pandemic -- suggests they likely have a promising future.</p><p><blockquote>虽然不能保证这两只股票在未来10年内会跑赢市场，但它们最近的势头——在大流行最严重的时期之前、期间和之后——表明它们的未来可能充满希望。</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>2 Growth Stocks for the Next 10 Years<blockquote>未来10年的2只成长型股票</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\">\n2 Growth Stocks for the Next 10 Years<blockquote>未来10年的2只成长型股票</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\">2021-07-11 09:35</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Key Points</b></p><p><blockquote><b>要点</b></blockquote></p><p> <ul>  <li>Growth stocks may be riskier than stable and established companies, but carefully selected ones may be worth it.</li>  <li>Stay-at-home trends have helped these companies, but their growth rates were high before the pandemic, too.</li>  <li>Both of these fast-growing tech businesses are already profitable.</li> </ul> There's an interesting dilemma when it comes to picking stocks investors can likely hold for years or even decades. On the one hand, investors looking to hold shares for the long haul can stick with stable and established companies that have been around for decades and will likely continue succeeding for the foreseeable future -- companies like&nbsp;<b>Waste Management</b>&nbsp;and&nbsp;<b>Berkshire Hathaway</b>. The downside to this approach, however, is that investors may miss out on the potential outperformance that could come from fast-growing companies over the long haul.</p><p><blockquote><ul><li>成长型股票可能比稳定、成熟的公司风险更大，但精心挑选的股票可能是值得的。</li><li>居家趋势帮助了这些公司，但它们的增长率在大流行之前也很高。</li><li>这两项快速增长的科技业务都已经盈利。</li></ul>在选择投资者可能持有数年甚至数十年的股票时，存在一个有趣的困境。一方面，希望长期持有股票的投资者可以坚持持有稳定且成熟的公司，这些公司已经存在了数十年，并且在可预见的未来可能会继续取得成功——例如<b>废物管理</b>和<b>伯克希尔哈撒韦</b>然而，这种方法的缺点是，投资者可能会错过长期快速增长的公司可能带来的潜在优异表现。</blockquote></p><p> The issue with buying&nbsp;growth stocks, however, is that it's extremely difficult to gauge how long their rapid top-line growth rates can persist. Further, these companies' stock prices could perform very poorly if the growth prospects already baked into the stock price don't pan out. In other words, there's arguably more risk when it comes to betting on growth stocks for the next decade than there is for stable and established companies with decades of success behind them.</p><p><blockquote>然而，购买成长型股票的问题在于，很难衡量其快速的营收增长率能持续多久。此外，如果股价中已经体现的增长前景没有实现，这些公司的股价可能会表现非常糟糕。换句话说，押注未来十年的成长型股票可能比押注拥有数十年成功经验的稳定成熟公司的风险更大。</blockquote></p><p> So if an&nbsp;investor&nbsp;wants to buy growth stocks with a high chance of exceeding expectations over the next 10 years, they better have some pretty good reasons to believe these companies can do exactly that.</p><p><blockquote>因此，如果投资者想购买未来10年极有可能超出预期的成长型股票，他们最好有一些很好的理由相信这些公司能够做到这一点。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/257045ef62f724806bce2b35390a5e4f\" tg-width=\"2000\" tg-height=\"1500\"><span>IMAGE SOURCE: GETTY IMAGES.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> Here are two growth stocks that have a shot at not only living up to high expectations over the next 10 years but possibly even exceeding them:<b>Zoom Video Communications</b>(NASDAQ:ZM)&nbsp;and&nbsp;<b>Peloton Interactive</b>(NASDAQ:PTON).</p><p><blockquote>以下是两只成长型股票，它们不仅有可能在未来10年达到高预期，甚至可能超过预期：<b>Zoom Video通信公司</b>（纳斯达克：ZM）及<b>Peloton互动</b>（纳斯达克：PTON）。</blockquote></p><p> <b>Zoom and Peloton were already thriving before the pandemic</b></p><p><blockquote><b>Zoom和Peloton在大流行之前就已经蓬勃发展</b></blockquote></p><p> At first glance, investors may conclude that Zoom is nothing more than a pandemic stock. They may argue that the company's success was predicated almost entirely on the fact that much of the world was in lockdown in 2020 and going into 2021.</p><p><blockquote>乍一看，投资者可能会得出结论，Zoom只不过是一只流行病股票。他们可能会说，该公司的成功几乎完全取决于这样一个事实，即世界大部分地区在2020年和2021年都处于封锁状态。</blockquote></p><p> It's true that Zoom benefited significantly from the rise of virtual work in 2020. After all, revenue for the company's fiscal 2021 (a fiscal year ending Jan. 31, 2021) skyrocketed 326% year over year. But investors should note that the trend of using video to collaborate virtually was already extremely strong before the pandemic; fiscal 2020 revenue rose 88% year over year. Growth at the time was particularly strong from large customers. Zoom's customers contributing more than $100,000 of trailing-12-month revenue increased 86% year over year in the fourth quarter of fiscal 2020.</p><p><blockquote>确实，Zoom从2020年虚拟工作的兴起中受益匪浅。毕竟，该公司2021财年（截至2021年1月31日的财年）的收入同比飙升326%。但投资者应该注意到，在大流行之前，使用视频进行虚拟协作的趋势就已经非常强劲；2020财年收入同比增长88%。当时来自大客户的增长尤其强劲。2020财年第四季度，Zoom的客户过去12个月收入贡献超过10万美元，同比增长86%。</blockquote></p><p> The same goes for Peloton. The company certainly benefited from the pandemic, but revenue during the quarter ending Dec. 31, 2019 was growing at a year-over-year rate of 77%, with connected fitness subscribers increasing 96% year over year.</p><p><blockquote>Peloton也是如此。该公司当然受益于疫情，但截至2019年12月31日的季度收入同比增长77%，联网健身订户同比增长96%。</blockquote></p><p> <b>Continued momentum</b></p><p><blockquote><b>持续的势头</b></blockquote></p><p> The underlying catalysts driving Zoom and Peloton are both still alive and well. Strong growth persists at both companies.</p><p><blockquote>推动Zoom和Peloton的潜在催化剂仍然存在。两家公司都持续强劲增长。</blockquote></p><p> Despite facing extremely tough comparisons in the year-ago quarter, from when both companies were benefiting from soaring demand amid lockdowns, Zoom's and Peloton's revenue in their most recently reported quarters grew 191% and 141% year over year, respectively.</p><p><blockquote>尽管与去年同期相比面临极其严峻的比较，但Zoom和Peloton在最近报告的季度中的收入分别同比增长了191%和141%，当时两家公司都受益于封锁期间需求飙升。</blockquote></p><p> Looking ahead, Zoom notably guided for fiscal 2022 revenue of nearly $4 billion, up from fiscal 2021 revenue of about $2.7 billion.</p><p><blockquote>展望未来，Zoom特别预计2022财年营收将接近40亿美元，高于2021财年约27亿美元的营收。</blockquote></p><p> Boding well for Peloton's continued momentum, management said in its most recent quarterly update that its monthly average workouts per connected fitness subscription rose to an all-time high, showing how the company's products are still yielding high engagement even as the economy reopens.</p><p><blockquote>管理层在最近的季度更新中表示，其每个互联健身订阅的月平均锻炼次数升至历史新高，这预示着Peloton的持续势头，这表明即使经济重新开放，该公司的产品仍然产生高参与度。</blockquote></p><p> <b>Healthy profits</b></p><p><blockquote><b>健康利润</b></blockquote></p><p> Finally, another factor that makes these companies unique from many other growth stocks is that they are already very profitable. Zoom generated $873 million of net income on $3.3 billion of trailing-12-month sales, and Peloton served up $213 million of net income from $3.7 billion in revenue.</p><p><blockquote>最后，这些公司与许多其他成长型股票不同的另一个因素是，它们已经非常有利可图。Zoom过去12个月的销售额为33亿美元，净利润为8.73亿美元，Peloton的净利润为37亿美元，净利润为2.13亿美元。</blockquote></p><p> Substantial profits give these companies an edge when it comes to reinvesting in growth opportunities ahead of them and spending on efforts to enhance their competitive positioning and first-mover advantages in their respective industries.</p><p><blockquote>可观的利润使这些公司在对未来的增长机会进行再投资以及努力增强其在各自行业的竞争地位和先发优势方面具有优势。</blockquote></p><p> While there's no guarantee these two stocks will beat the market over the next 10 years, their recent momentum -- before, during, and after the worst part of the pandemic -- suggests they likely have a promising future.</p><p><blockquote>虽然不能保证这两只股票在未来10年内会跑赢市场，但它们最近的势头——在大流行最严重的时期之前、期间和之后——表明它们的未来可能充满希望。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/07/10/2-growth-stocks-for-the-next-10-years/\">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":{"PTON":"Peloton Interactive, Inc.","ZM":"Zoom"},"source_url":"https://www.fool.com/investing/2021/07/10/2-growth-stocks-for-the-next-10-years/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1196440758","content_text":"Key Points\n\nGrowth stocks may be riskier than stable and established companies, but carefully selected ones may be worth it.\nStay-at-home trends have helped these companies, but their growth rates were high before the pandemic, too.\nBoth of these fast-growing tech businesses are already profitable.\n\nThere's an interesting dilemma when it comes to picking stocks investors can likely hold for years or even decades. On the one hand, investors looking to hold shares for the long haul can stick with stable and established companies that have been around for decades and will likely continue succeeding for the foreseeable future -- companies like Waste Management and Berkshire Hathaway. The downside to this approach, however, is that investors may miss out on the potential outperformance that could come from fast-growing companies over the long haul.\nThe issue with buying growth stocks, however, is that it's extremely difficult to gauge how long their rapid top-line growth rates can persist. Further, these companies' stock prices could perform very poorly if the growth prospects already baked into the stock price don't pan out. In other words, there's arguably more risk when it comes to betting on growth stocks for the next decade than there is for stable and established companies with decades of success behind them.\nSo if an investor wants to buy growth stocks with a high chance of exceeding expectations over the next 10 years, they better have some pretty good reasons to believe these companies can do exactly that.\nIMAGE SOURCE: GETTY IMAGES.\nHere are two growth stocks that have a shot at not only living up to high expectations over the next 10 years but possibly even exceeding them:Zoom Video Communications(NASDAQ:ZM) and Peloton Interactive(NASDAQ:PTON).\nZoom and Peloton were already thriving before the pandemic\nAt first glance, investors may conclude that Zoom is nothing more than a pandemic stock. They may argue that the company's success was predicated almost entirely on the fact that much of the world was in lockdown in 2020 and going into 2021.\nIt's true that Zoom benefited significantly from the rise of virtual work in 2020. After all, revenue for the company's fiscal 2021 (a fiscal year ending Jan. 31, 2021) skyrocketed 326% year over year. But investors should note that the trend of using video to collaborate virtually was already extremely strong before the pandemic; fiscal 2020 revenue rose 88% year over year. Growth at the time was particularly strong from large customers. Zoom's customers contributing more than $100,000 of trailing-12-month revenue increased 86% year over year in the fourth quarter of fiscal 2020.\nThe same goes for Peloton. The company certainly benefited from the pandemic, but revenue during the quarter ending Dec. 31, 2019 was growing at a year-over-year rate of 77%, with connected fitness subscribers increasing 96% year over year.\nContinued momentum\nThe underlying catalysts driving Zoom and Peloton are both still alive and well. Strong growth persists at both companies.\nDespite facing extremely tough comparisons in the year-ago quarter, from when both companies were benefiting from soaring demand amid lockdowns, Zoom's and Peloton's revenue in their most recently reported quarters grew 191% and 141% year over year, respectively.\nLooking ahead, Zoom notably guided for fiscal 2022 revenue of nearly $4 billion, up from fiscal 2021 revenue of about $2.7 billion.\nBoding well for Peloton's continued momentum, management said in its most recent quarterly update that its monthly average workouts per connected fitness subscription rose to an all-time high, showing how the company's products are still yielding high engagement even as the economy reopens.\nHealthy profits\nFinally, another factor that makes these companies unique from many other growth stocks is that they are already very profitable. Zoom generated $873 million of net income on $3.3 billion of trailing-12-month sales, and Peloton served up $213 million of net income from $3.7 billion in revenue.\nSubstantial profits give these companies an edge when it comes to reinvesting in growth opportunities ahead of them and spending on efforts to enhance their competitive positioning and first-mover advantages in their respective industries.\nWhile there's no guarantee these two stocks will beat the market over the next 10 years, their recent momentum -- before, during, and after the worst part of the pandemic -- suggests they likely have a promising future.","news_type":1,"symbols_score_info":{"ZM":0.9,"PTON":0.9}},"isVote":1,"tweetType":1,"viewCount":598,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":146033612,"gmtCreate":1626042492136,"gmtModify":1633930825233,"author":{"id":"3578574228106809","authorId":"3578574228106809","name":"DYDFC","avatar":"https://static.tigerbbs.com/886091e1ab80cf468e97e847ef0f3f9d","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578574228106809","authorIdStr":"3578574228106809"},"themes":[],"htmlText":"High risk&nbsp;","listText":"High risk&nbsp;","text":"High risk","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/146033612","repostId":"1113530069","repostType":4,"isVote":1,"tweetType":1,"viewCount":724,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":146030507,"gmtCreate":1626042320109,"gmtModify":1633930827186,"author":{"id":"3578574228106809","authorId":"3578574228106809","name":"DYDFC","avatar":"https://static.tigerbbs.com/886091e1ab80cf468e97e847ef0f3f9d","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578574228106809","authorIdStr":"3578574228106809"},"themes":[],"htmlText":"F","listText":"F","text":"F","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/146030507","repostId":"2150463301","repostType":4,"isVote":1,"tweetType":1,"viewCount":595,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":148132003,"gmtCreate":1625958188802,"gmtModify":1633931440669,"author":{"id":"3578574228106809","authorId":"3578574228106809","name":"DYDFC","avatar":"https://static.tigerbbs.com/886091e1ab80cf468e97e847ef0f3f9d","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578574228106809","authorIdStr":"3578574228106809"},"themes":[],"htmlText":"F","listText":"F","text":"F","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/148132003","repostId":"1159307278","repostType":4,"repost":{"id":"1159307278","kind":"news","pubTimestamp":1625873648,"share":"https://www.laohu8.com/m/news/1159307278?lang=zh_CN&edition=full","pubTime":"2021-07-10 07:34","market":"us","language":"en","title":"5 Things to Know About Virgin Galactic and the First Passenger Flight to Space<blockquote>关于维珍银河和首次客运太空飞行需要了解的5件事</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1159307278","media":"Barrons","summary":"Richard Branson’s planned flight to space on Sunday could be a monumental moment for the fledgling s","content":"<p>Richard Branson’s planned flight to space on Sunday could be a monumental moment for the&nbsp;fledgling space tourism industry.</p><p><blockquote>理查德·布兰森计划于周日飞往太空，这对于刚刚起步的太空旅游业来说可能是一个里程碑式的时刻。</blockquote></p><p> So long as there are no issues or delays, the flight will take the 70-year-old founder of&nbsp;Virgin Galactic(ticker: SPCE), company mission specialists, and pilots, on the first passenger trip to space, beating Jeff Bezos’s Blue Origin passenger flight by more than a week.</p><p><blockquote>只要没有问题或延误，这次飞行将带着70岁的维珍银河（股票代码：SPCE）创始人、公司任务专家和飞行员进行首次客运太空之旅，击败杰夫·贝索斯的蓝色起源客运航班一周多。</blockquote></p><p> Here’s what to watch for Sunday, along with some recent history.</p><p><blockquote>以下是周日值得关注的内容，以及一些最近的历史。</blockquote></p><p> <b>When Will the Virgin Galactic Space Flight Take Off?</b></p><p><blockquote><b>维珍银河太空飞行什么时候起飞？</b></blockquote></p><p> The Virgin Galactic Unity 22 spaceflight is expected to launch from Virgin’s spaceport in New Mexico around 9 a.m. eastern time. The launch can be streamed live on the&nbsp;company’s website&nbsp;and on&nbsp;Barron’s&nbsp;below.</p><p><blockquote>维珍银河Unity 22太空飞行预计将于东部时间上午9点左右从新墨西哥州的维珍航天港发射。此次发布会可以在公司网站和下面的《巴伦周刊》上进行现场直播。</blockquote></p><p> <b>How High Up in Space Will Passenger Go?</b></p><p><blockquote><b>乘客会飞到多高的太空？</b></blockquote></p><p> Galactic’s VSS Unity spacecraft will hit speeds of about Mach 3, or three times the speed of sound, and rise to about 300,000 feet, or 57 miles. That’s about 10 times as high as many commercial flights but still considered the edge of space. The suborbital flight will not pass the so-called Karman line, which is what scientists use to define the boundary of outer space. That line is about 62 miles up.</p><p><blockquote>银河的VSS Unity航天器将达到约3马赫的速度，即音速的三倍，并上升到约30万英尺，即57英里。这大约是许多商业飞行的10倍，但仍然被认为是太空的边缘。亚轨道飞行不会通过所谓的卡门线，这是科学家用来定义外太空边界的。那条线大约在62英里处。</blockquote></p><p> Blue Origin plans to take its passengers past the Karman line on its flight.</p><p><blockquote>蓝色起源计划让乘客在航班上经过卡门线。</blockquote></p><p> <b>How Much Did Passengers Pay for the Trip?</b></p><p><blockquote><b>乘客为这次旅行支付了多少钱？</b></blockquote></p><p> Nothing. While this flight could be another step forward for space tourism, the expected crew members are Galactic employees and Branson. Joining the company’s founder on board will be two pilots; Beth Moses, chief astronaut instructor; Colin Bennett, lead operations engineer; and Sirisha Bandla, vice president of government affairs and research operations.</p><p><blockquote>没有。虽然这次飞行可能是太空旅游向前迈出的又一步，但预计的机组人员是银河员工和布兰森。加入公司创始人的将是两名飞行员；贝丝·摩西，首席宇航员教练；Colin Bennett，首席运营工程师；以及政府事务和研究运营副总裁Sirisha Bandla。</blockquote></p><p> Still, Branson is no stranger to publicity. Canaccord analyst Ken Herbert believes&nbsp;it’s possible&nbsp;that Galactic could surprise viewers by bringing a paying customer on board with Branson. That would generate additional buzz for the company.</p><p><blockquote>尽管如此，布兰森对宣传并不陌生。Canaccord分析师肯·赫伯特(Ken Herbert)认为，银河有可能通过布兰森带来付费客户来给观众带来惊喜。这将为公司带来额外的轰动。</blockquote></p><p> A move like that would best space-tourism competitor Blue Origin in another way. Bezos is expected to take the first paying passenger to space on his flight later this month. That seat was auctioned off for&nbsp;$28 million.</p><p><blockquote>这样的举措将以另一种方式击败太空旅游竞争对手蓝色起源。贝佐斯预计将在本月晚些时候乘坐他的航班将第一位付费乘客送往太空。那个座位以2800万美元的价格被拍卖。</blockquote></p><p> A ticket on a future Virgin Galactic flight will run&nbsp;about $250,000.</p><p><blockquote>未来维珍银河航班的机票价格约为25万美元。</blockquote></p><p> <b>What Does the Flight Mean for Investors?</b></p><p><blockquote><b>外逃对投资者意味着什么？</b></blockquote></p><p> The continuation of flight tests brings Galactic one step closer to full commercialization, which means sales and, hopefully, earnings down the road.</p><p><blockquote>飞行测试的继续使Galactic离完全商业化又近了一步，这意味着未来的销售和盈利。</blockquote></p><p> Once fully operational, each Galactic spaceship is expected to make roughly 36 flights a year. Most Galactic spaceships have about six seats for sale. At full capacity, that’s about $54 million per spaceship a year.</p><p><blockquote>一旦全面投入使用，每艘银河飞船预计每年将进行大约36次飞行。大多数银河飞船都有大约六个座位出售。满负荷运转时，每艘宇宙飞船每年的费用约为5400万美元。</blockquote></p><p> Analysts expect Galactic to do about $3 million in 2021 sales, growing to $51 million in 2022 and $555 million by 2025. Earnings and cash flow are expected to turn positive around 2024.</p><p><blockquote>分析师预计，银河2021年的销售额约为300万美元，2022年将增长至5100万美元，到2025年将增长至5.55亿美元。盈利和现金流预计将在2024年左右转正。</blockquote></p><p> The flight and associated news coverage also represent publicity for the company.</p><p><blockquote>该航班和相关新闻报道也代表了公司的宣传。</blockquote></p><p> <b>How Will Virgin Galactic Stock Benefit?</b></p><p><blockquote><b>维珍银河股票将如何受益？</b></blockquote></p><p> A successful test flight is a clear positive for Galactic, but it might not be so for its stock. The news of the flight and the potential benefits are, for the most part, already priced into shares of Virgin Galactic.</p><p><blockquote>成功的试飞对银河来说显然是积极的，但对其股票来说可能并非如此。这次飞行的消息和潜在的好处在很大程度上已经反映在维珍银河的股票中。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/a4113576958bcf043e56e1c92578d0cc\" tg-width=\"840\" tg-height=\"470\"></p><p><blockquote></blockquote></p><p> The stock is up roughly 120% year to date and up more than 200% over the past 12 months, giving the start-up a market capitalization of around $11 billion.</p><p><blockquote>该股今年迄今已上涨约120%，过去12个月上涨超过200%，使这家初创公司的市值约为110亿美元。</blockquote></p><p> Investors shouldn’t be disappointed if the stock doesn’t gain on Monday following a successful flight. The ultimate value of the company will be determined down the road.</p><p><blockquote>如果该股在成功飞行后周一没有上涨，投资者不应该感到失望。公司的最终价值将在未来决定。</blockquote></p><p> Analysts loved the stock when it was cheaper. Back in September, all analysts covering Galactic rated shares Buy. Theaverage Buy-ratingratio for&nbsp;S&amp;P 500&nbsp;stocks is about 55%.</p><p><blockquote>分析师喜欢该股便宜的时候。早在9月份，所有研究银河股票的分析师都给予买入评级。标准普尔500指数股票的平均买入评级约为55%。</blockquote></p><p> Shares were $25 in September. Now, only 30% of analysts rate shares Buy as the stock has rocketed north of $50 a share.</p><p><blockquote>9月份股价为25美元。现在，由于该股已飙升至每股50美元以上，只有30%的分析师将该股评级为买入。</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>5 Things to Know About Virgin Galactic and the First Passenger Flight to Space<blockquote>关于维珍银河和首次客运太空飞行需要了解的5件事</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n5 Things to Know About Virgin Galactic and the First Passenger Flight to Space<blockquote>关于维珍银河和首次客运太空飞行需要了解的5件事</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-07-10 07:34</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Richard Branson’s planned flight to space on Sunday could be a monumental moment for the&nbsp;fledgling space tourism industry.</p><p><blockquote>理查德·布兰森计划于周日飞往太空，这对于刚刚起步的太空旅游业来说可能是一个里程碑式的时刻。</blockquote></p><p> So long as there are no issues or delays, the flight will take the 70-year-old founder of&nbsp;Virgin Galactic(ticker: SPCE), company mission specialists, and pilots, on the first passenger trip to space, beating Jeff Bezos’s Blue Origin passenger flight by more than a week.</p><p><blockquote>只要没有问题或延误，这次飞行将带着70岁的维珍银河（股票代码：SPCE）创始人、公司任务专家和飞行员进行首次客运太空之旅，击败杰夫·贝索斯的蓝色起源客运航班一周多。</blockquote></p><p> Here’s what to watch for Sunday, along with some recent history.</p><p><blockquote>以下是周日值得关注的内容，以及一些最近的历史。</blockquote></p><p> <b>When Will the Virgin Galactic Space Flight Take Off?</b></p><p><blockquote><b>维珍银河太空飞行什么时候起飞？</b></blockquote></p><p> The Virgin Galactic Unity 22 spaceflight is expected to launch from Virgin’s spaceport in New Mexico around 9 a.m. eastern time. The launch can be streamed live on the&nbsp;company’s website&nbsp;and on&nbsp;Barron’s&nbsp;below.</p><p><blockquote>维珍银河Unity 22太空飞行预计将于东部时间上午9点左右从新墨西哥州的维珍航天港发射。此次发布会可以在公司网站和下面的《巴伦周刊》上进行现场直播。</blockquote></p><p> <b>How High Up in Space Will Passenger Go?</b></p><p><blockquote><b>乘客会飞到多高的太空？</b></blockquote></p><p> Galactic’s VSS Unity spacecraft will hit speeds of about Mach 3, or three times the speed of sound, and rise to about 300,000 feet, or 57 miles. That’s about 10 times as high as many commercial flights but still considered the edge of space. The suborbital flight will not pass the so-called Karman line, which is what scientists use to define the boundary of outer space. That line is about 62 miles up.</p><p><blockquote>银河的VSS Unity航天器将达到约3马赫的速度，即音速的三倍，并上升到约30万英尺，即57英里。这大约是许多商业飞行的10倍，但仍然被认为是太空的边缘。亚轨道飞行不会通过所谓的卡门线，这是科学家用来定义外太空边界的。那条线大约在62英里处。</blockquote></p><p> Blue Origin plans to take its passengers past the Karman line on its flight.</p><p><blockquote>蓝色起源计划让乘客在航班上经过卡门线。</blockquote></p><p> <b>How Much Did Passengers Pay for the Trip?</b></p><p><blockquote><b>乘客为这次旅行支付了多少钱？</b></blockquote></p><p> Nothing. While this flight could be another step forward for space tourism, the expected crew members are Galactic employees and Branson. Joining the company’s founder on board will be two pilots; Beth Moses, chief astronaut instructor; Colin Bennett, lead operations engineer; and Sirisha Bandla, vice president of government affairs and research operations.</p><p><blockquote>没有。虽然这次飞行可能是太空旅游向前迈出的又一步，但预计的机组人员是银河员工和布兰森。加入公司创始人的将是两名飞行员；贝丝·摩西，首席宇航员教练；Colin Bennett，首席运营工程师；以及政府事务和研究运营副总裁Sirisha Bandla。</blockquote></p><p> Still, Branson is no stranger to publicity. Canaccord analyst Ken Herbert believes&nbsp;it’s possible&nbsp;that Galactic could surprise viewers by bringing a paying customer on board with Branson. That would generate additional buzz for the company.</p><p><blockquote>尽管如此，布兰森对宣传并不陌生。Canaccord分析师肯·赫伯特(Ken Herbert)认为，银河有可能通过布兰森带来付费客户来给观众带来惊喜。这将为公司带来额外的轰动。</blockquote></p><p> A move like that would best space-tourism competitor Blue Origin in another way. Bezos is expected to take the first paying passenger to space on his flight later this month. That seat was auctioned off for&nbsp;$28 million.</p><p><blockquote>这样的举措将以另一种方式击败太空旅游竞争对手蓝色起源。贝佐斯预计将在本月晚些时候乘坐他的航班将第一位付费乘客送往太空。那个座位以2800万美元的价格被拍卖。</blockquote></p><p> A ticket on a future Virgin Galactic flight will run&nbsp;about $250,000.</p><p><blockquote>未来维珍银河航班的机票价格约为25万美元。</blockquote></p><p> <b>What Does the Flight Mean for Investors?</b></p><p><blockquote><b>外逃对投资者意味着什么？</b></blockquote></p><p> The continuation of flight tests brings Galactic one step closer to full commercialization, which means sales and, hopefully, earnings down the road.</p><p><blockquote>飞行测试的继续使Galactic离完全商业化又近了一步，这意味着未来的销售和盈利。</blockquote></p><p> Once fully operational, each Galactic spaceship is expected to make roughly 36 flights a year. Most Galactic spaceships have about six seats for sale. At full capacity, that’s about $54 million per spaceship a year.</p><p><blockquote>一旦全面投入使用，每艘银河飞船预计每年将进行大约36次飞行。大多数银河飞船都有大约六个座位出售。满负荷运转时，每艘宇宙飞船每年的费用约为5400万美元。</blockquote></p><p> Analysts expect Galactic to do about $3 million in 2021 sales, growing to $51 million in 2022 and $555 million by 2025. Earnings and cash flow are expected to turn positive around 2024.</p><p><blockquote>分析师预计，银河2021年的销售额约为300万美元，2022年将增长至5100万美元，到2025年将增长至5.55亿美元。盈利和现金流预计将在2024年左右转正。</blockquote></p><p> The flight and associated news coverage also represent publicity for the company.</p><p><blockquote>该航班和相关新闻报道也代表了公司的宣传。</blockquote></p><p> <b>How Will Virgin Galactic Stock Benefit?</b></p><p><blockquote><b>维珍银河股票将如何受益？</b></blockquote></p><p> A successful test flight is a clear positive for Galactic, but it might not be so for its stock. The news of the flight and the potential benefits are, for the most part, already priced into shares of Virgin Galactic.</p><p><blockquote>成功的试飞对银河来说显然是积极的，但对其股票来说可能并非如此。这次飞行的消息和潜在的好处在很大程度上已经反映在维珍银河的股票中。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/a4113576958bcf043e56e1c92578d0cc\" tg-width=\"840\" tg-height=\"470\"></p><p><blockquote></blockquote></p><p> The stock is up roughly 120% year to date and up more than 200% over the past 12 months, giving the start-up a market capitalization of around $11 billion.</p><p><blockquote>该股今年迄今已上涨约120%，过去12个月上涨超过200%，使这家初创公司的市值约为110亿美元。</blockquote></p><p> Investors shouldn’t be disappointed if the stock doesn’t gain on Monday following a successful flight. The ultimate value of the company will be determined down the road.</p><p><blockquote>如果该股在成功飞行后周一没有上涨，投资者不应该感到失望。公司的最终价值将在未来决定。</blockquote></p><p> Analysts loved the stock when it was cheaper. Back in September, all analysts covering Galactic rated shares Buy. Theaverage Buy-ratingratio for&nbsp;S&amp;P 500&nbsp;stocks is about 55%.</p><p><blockquote>分析师喜欢该股便宜的时候。早在9月份，所有研究银河股票的分析师都给予买入评级。标准普尔500指数股票的平均买入评级约为55%。</blockquote></p><p> Shares were $25 in September. Now, only 30% of analysts rate shares Buy as the stock has rocketed north of $50 a share.</p><p><blockquote>9月份股价为25美元。现在，由于该股已飙升至每股50美元以上，只有30%的分析师将该股评级为买入。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/virgin-galactic-richard-branson-space-flight-51625848364?mod=hp_LEAD_4\">Barrons</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPCE":"维珍银河"},"source_url":"https://www.barrons.com/articles/virgin-galactic-richard-branson-space-flight-51625848364?mod=hp_LEAD_4","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1159307278","content_text":"Richard Branson’s planned flight to space on Sunday could be a monumental moment for the fledgling space tourism industry.\nSo long as there are no issues or delays, the flight will take the 70-year-old founder of Virgin Galactic(ticker: SPCE), company mission specialists, and pilots, on the first passenger trip to space, beating Jeff Bezos’s Blue Origin passenger flight by more than a week.\nHere’s what to watch for Sunday, along with some recent history.\nWhen Will the Virgin Galactic Space Flight Take Off?\nThe Virgin Galactic Unity 22 spaceflight is expected to launch from Virgin’s spaceport in New Mexico around 9 a.m. eastern time. The launch can be streamed live on the company’s website and on Barron’s below.\nHow High Up in Space Will Passenger Go?\nGalactic’s VSS Unity spacecraft will hit speeds of about Mach 3, or three times the speed of sound, and rise to about 300,000 feet, or 57 miles. That’s about 10 times as high as many commercial flights but still considered the edge of space. The suborbital flight will not pass the so-called Karman line, which is what scientists use to define the boundary of outer space. That line is about 62 miles up.\nBlue Origin plans to take its passengers past the Karman line on its flight.\nHow Much Did Passengers Pay for the Trip?\nNothing. While this flight could be another step forward for space tourism, the expected crew members are Galactic employees and Branson. Joining the company’s founder on board will be two pilots; Beth Moses, chief astronaut instructor; Colin Bennett, lead operations engineer; and Sirisha Bandla, vice president of government affairs and research operations.\nStill, Branson is no stranger to publicity. Canaccord analyst Ken Herbert believes it’s possible that Galactic could surprise viewers by bringing a paying customer on board with Branson. That would generate additional buzz for the company.\nA move like that would best space-tourism competitor Blue Origin in another way. Bezos is expected to take the first paying passenger to space on his flight later this month. That seat was auctioned off for $28 million.\nA ticket on a future Virgin Galactic flight will run about $250,000.\nWhat Does the Flight Mean for Investors?\nThe continuation of flight tests brings Galactic one step closer to full commercialization, which means sales and, hopefully, earnings down the road.\nOnce fully operational, each Galactic spaceship is expected to make roughly 36 flights a year. Most Galactic spaceships have about six seats for sale. At full capacity, that’s about $54 million per spaceship a year.\nAnalysts expect Galactic to do about $3 million in 2021 sales, growing to $51 million in 2022 and $555 million by 2025. Earnings and cash flow are expected to turn positive around 2024.\nThe flight and associated news coverage also represent publicity for the company.\nHow Will Virgin Galactic Stock Benefit?\nA successful test flight is a clear positive for Galactic, but it might not be so for its stock. The news of the flight and the potential benefits are, for the most part, already priced into shares of Virgin Galactic.\n\nThe stock is up roughly 120% year to date and up more than 200% over the past 12 months, giving the start-up a market capitalization of around $11 billion.\nInvestors shouldn’t be disappointed if the stock doesn’t gain on Monday following a successful flight. The ultimate value of the company will be determined down the road.\nAnalysts loved the stock when it was cheaper. Back in September, all analysts covering Galactic rated shares Buy. Theaverage Buy-ratingratio for S&P 500 stocks is about 55%.\nShares were $25 in September. Now, only 30% of analysts rate shares Buy as the stock has rocketed north of $50 a share.","news_type":1,"symbols_score_info":{"SPCE":0.9}},"isVote":1,"tweetType":1,"viewCount":288,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":170362733,"gmtCreate":1626405482122,"gmtModify":1633927029111,"author":{"id":"3578574228106809","authorId":"3578574228106809","name":"DYDFC","avatar":"https://static.tigerbbs.com/886091e1ab80cf468e97e847ef0f3f9d","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578574228106809","idStr":"3578574228106809"},"themes":[],"htmlText":"F","listText":"F","text":"F","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/170362733","repostId":"1178506488","repostType":4,"isVote":1,"tweetType":1,"viewCount":481,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":146030507,"gmtCreate":1626042320109,"gmtModify":1633930827186,"author":{"id":"3578574228106809","authorId":"3578574228106809","name":"DYDFC","avatar":"https://static.tigerbbs.com/886091e1ab80cf468e97e847ef0f3f9d","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578574228106809","idStr":"3578574228106809"},"themes":[],"htmlText":"F","listText":"F","text":"F","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/146030507","repostId":"2150463301","repostType":4,"isVote":1,"tweetType":1,"viewCount":595,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":144287414,"gmtCreate":1626301140538,"gmtModify":1633928209523,"author":{"id":"3578574228106809","authorId":"3578574228106809","name":"DYDFC","avatar":"https://static.tigerbbs.com/886091e1ab80cf468e97e847ef0f3f9d","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578574228106809","idStr":"3578574228106809"},"themes":[],"htmlText":"F","listText":"F","text":"F","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/144287414","repostId":"2151543698","repostType":4,"isVote":1,"tweetType":1,"viewCount":744,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":146031015,"gmtCreate":1626042538037,"gmtModify":1633930824604,"author":{"id":"3578574228106809","authorId":"3578574228106809","name":"DYDFC","avatar":"https://static.tigerbbs.com/886091e1ab80cf468e97e847ef0f3f9d","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578574228106809","idStr":"3578574228106809"},"themes":[],"htmlText":"Continue to hodl and to the moon&nbsp;","listText":"Continue to hodl and to the moon&nbsp;","text":"Continue to hodl and to the moon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/146031015","repostId":"1196440758","repostType":4,"repost":{"id":"1196440758","kind":"news","pubTimestamp":1625967335,"share":"https://www.laohu8.com/m/news/1196440758?lang=zh_CN&edition=full","pubTime":"2021-07-11 09:35","market":"us","language":"en","title":"2 Growth Stocks for the Next 10 Years<blockquote>未来10年的2只成长型股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1196440758","media":"Motley Fool","summary":"Both of these companies grew revenue by triple-digit rates in their most recent quarters. More importantly, their futures look bright.","content":"<p><b>Key Points</b></p><p><blockquote><b>要点</b></blockquote></p><p> <ul>  <li>Growth stocks may be riskier than stable and established companies, but carefully selected ones may be worth it.</li>  <li>Stay-at-home trends have helped these companies, but their growth rates were high before the pandemic, too.</li>  <li>Both of these fast-growing tech businesses are already profitable.</li> </ul> There's an interesting dilemma when it comes to picking stocks investors can likely hold for years or even decades. On the one hand, investors looking to hold shares for the long haul can stick with stable and established companies that have been around for decades and will likely continue succeeding for the foreseeable future -- companies like&nbsp;<b>Waste Management</b>&nbsp;and&nbsp;<b>Berkshire Hathaway</b>. The downside to this approach, however, is that investors may miss out on the potential outperformance that could come from fast-growing companies over the long haul.</p><p><blockquote><ul><li>成长型股票可能比稳定、成熟的公司风险更大，但精心挑选的股票可能是值得的。</li><li>居家趋势帮助了这些公司，但它们的增长率在大流行之前也很高。</li><li>这两项快速增长的科技业务都已经盈利。</li></ul>在选择投资者可能持有数年甚至数十年的股票时，存在一个有趣的困境。一方面，希望长期持有股票的投资者可以坚持持有稳定且成熟的公司，这些公司已经存在了数十年，并且在可预见的未来可能会继续取得成功——例如<b>废物管理</b>和<b>伯克希尔哈撒韦</b>然而，这种方法的缺点是，投资者可能会错过长期快速增长的公司可能带来的潜在优异表现。</blockquote></p><p> The issue with buying&nbsp;growth stocks, however, is that it's extremely difficult to gauge how long their rapid top-line growth rates can persist. Further, these companies' stock prices could perform very poorly if the growth prospects already baked into the stock price don't pan out. In other words, there's arguably more risk when it comes to betting on growth stocks for the next decade than there is for stable and established companies with decades of success behind them.</p><p><blockquote>然而，购买成长型股票的问题在于，很难衡量其快速的营收增长率能持续多久。此外，如果股价中已经体现的增长前景没有实现，这些公司的股价可能会表现非常糟糕。换句话说，押注未来十年的成长型股票可能比押注拥有数十年成功经验的稳定成熟公司的风险更大。</blockquote></p><p> So if an&nbsp;investor&nbsp;wants to buy growth stocks with a high chance of exceeding expectations over the next 10 years, they better have some pretty good reasons to believe these companies can do exactly that.</p><p><blockquote>因此，如果投资者想购买未来10年极有可能超出预期的成长型股票，他们最好有一些很好的理由相信这些公司能够做到这一点。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/257045ef62f724806bce2b35390a5e4f\" tg-width=\"2000\" tg-height=\"1500\"><span>IMAGE SOURCE: GETTY IMAGES.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> Here are two growth stocks that have a shot at not only living up to high expectations over the next 10 years but possibly even exceeding them:<b>Zoom Video Communications</b>(NASDAQ:ZM)&nbsp;and&nbsp;<b>Peloton Interactive</b>(NASDAQ:PTON).</p><p><blockquote>以下是两只成长型股票，它们不仅有可能在未来10年达到高预期，甚至可能超过预期：<b>Zoom Video通信公司</b>（纳斯达克：ZM）及<b>Peloton互动</b>（纳斯达克：PTON）。</blockquote></p><p> <b>Zoom and Peloton were already thriving before the pandemic</b></p><p><blockquote><b>Zoom和Peloton在大流行之前就已经蓬勃发展</b></blockquote></p><p> At first glance, investors may conclude that Zoom is nothing more than a pandemic stock. They may argue that the company's success was predicated almost entirely on the fact that much of the world was in lockdown in 2020 and going into 2021.</p><p><blockquote>乍一看，投资者可能会得出结论，Zoom只不过是一只流行病股票。他们可能会说，该公司的成功几乎完全取决于这样一个事实，即世界大部分地区在2020年和2021年都处于封锁状态。</blockquote></p><p> It's true that Zoom benefited significantly from the rise of virtual work in 2020. After all, revenue for the company's fiscal 2021 (a fiscal year ending Jan. 31, 2021) skyrocketed 326% year over year. But investors should note that the trend of using video to collaborate virtually was already extremely strong before the pandemic; fiscal 2020 revenue rose 88% year over year. Growth at the time was particularly strong from large customers. Zoom's customers contributing more than $100,000 of trailing-12-month revenue increased 86% year over year in the fourth quarter of fiscal 2020.</p><p><blockquote>确实，Zoom从2020年虚拟工作的兴起中受益匪浅。毕竟，该公司2021财年（截至2021年1月31日的财年）的收入同比飙升326%。但投资者应该注意到，在大流行之前，使用视频进行虚拟协作的趋势就已经非常强劲；2020财年收入同比增长88%。当时来自大客户的增长尤其强劲。2020财年第四季度，Zoom的客户过去12个月收入贡献超过10万美元，同比增长86%。</blockquote></p><p> The same goes for Peloton. The company certainly benefited from the pandemic, but revenue during the quarter ending Dec. 31, 2019 was growing at a year-over-year rate of 77%, with connected fitness subscribers increasing 96% year over year.</p><p><blockquote>Peloton也是如此。该公司当然受益于疫情，但截至2019年12月31日的季度收入同比增长77%，联网健身订户同比增长96%。</blockquote></p><p> <b>Continued momentum</b></p><p><blockquote><b>持续的势头</b></blockquote></p><p> The underlying catalysts driving Zoom and Peloton are both still alive and well. Strong growth persists at both companies.</p><p><blockquote>推动Zoom和Peloton的潜在催化剂仍然存在。两家公司都持续强劲增长。</blockquote></p><p> Despite facing extremely tough comparisons in the year-ago quarter, from when both companies were benefiting from soaring demand amid lockdowns, Zoom's and Peloton's revenue in their most recently reported quarters grew 191% and 141% year over year, respectively.</p><p><blockquote>尽管与去年同期相比面临极其严峻的比较，但Zoom和Peloton在最近报告的季度中的收入分别同比增长了191%和141%，当时两家公司都受益于封锁期间需求飙升。</blockquote></p><p> Looking ahead, Zoom notably guided for fiscal 2022 revenue of nearly $4 billion, up from fiscal 2021 revenue of about $2.7 billion.</p><p><blockquote>展望未来，Zoom特别预计2022财年营收将接近40亿美元，高于2021财年约27亿美元的营收。</blockquote></p><p> Boding well for Peloton's continued momentum, management said in its most recent quarterly update that its monthly average workouts per connected fitness subscription rose to an all-time high, showing how the company's products are still yielding high engagement even as the economy reopens.</p><p><blockquote>管理层在最近的季度更新中表示，其每个互联健身订阅的月平均锻炼次数升至历史新高，这预示着Peloton的持续势头，这表明即使经济重新开放，该公司的产品仍然产生高参与度。</blockquote></p><p> <b>Healthy profits</b></p><p><blockquote><b>健康利润</b></blockquote></p><p> Finally, another factor that makes these companies unique from many other growth stocks is that they are already very profitable. Zoom generated $873 million of net income on $3.3 billion of trailing-12-month sales, and Peloton served up $213 million of net income from $3.7 billion in revenue.</p><p><blockquote>最后，这些公司与许多其他成长型股票不同的另一个因素是，它们已经非常有利可图。Zoom过去12个月的销售额为33亿美元，净利润为8.73亿美元，Peloton的净利润为37亿美元，净利润为2.13亿美元。</blockquote></p><p> Substantial profits give these companies an edge when it comes to reinvesting in growth opportunities ahead of them and spending on efforts to enhance their competitive positioning and first-mover advantages in their respective industries.</p><p><blockquote>可观的利润使这些公司在对未来的增长机会进行再投资以及努力增强其在各自行业的竞争地位和先发优势方面具有优势。</blockquote></p><p> While there's no guarantee these two stocks will beat the market over the next 10 years, their recent momentum -- before, during, and after the worst part of the pandemic -- suggests they likely have a promising future.</p><p><blockquote>虽然不能保证这两只股票在未来10年内会跑赢市场，但它们最近的势头——在大流行最严重的时期之前、期间和之后——表明它们的未来可能充满希望。</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>2 Growth Stocks for the Next 10 Years<blockquote>未来10年的2只成长型股票</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\">\n2 Growth Stocks for the Next 10 Years<blockquote>未来10年的2只成长型股票</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\">2021-07-11 09:35</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Key Points</b></p><p><blockquote><b>要点</b></blockquote></p><p> <ul>  <li>Growth stocks may be riskier than stable and established companies, but carefully selected ones may be worth it.</li>  <li>Stay-at-home trends have helped these companies, but their growth rates were high before the pandemic, too.</li>  <li>Both of these fast-growing tech businesses are already profitable.</li> </ul> There's an interesting dilemma when it comes to picking stocks investors can likely hold for years or even decades. On the one hand, investors looking to hold shares for the long haul can stick with stable and established companies that have been around for decades and will likely continue succeeding for the foreseeable future -- companies like&nbsp;<b>Waste Management</b>&nbsp;and&nbsp;<b>Berkshire Hathaway</b>. The downside to this approach, however, is that investors may miss out on the potential outperformance that could come from fast-growing companies over the long haul.</p><p><blockquote><ul><li>成长型股票可能比稳定、成熟的公司风险更大，但精心挑选的股票可能是值得的。</li><li>居家趋势帮助了这些公司，但它们的增长率在大流行之前也很高。</li><li>这两项快速增长的科技业务都已经盈利。</li></ul>在选择投资者可能持有数年甚至数十年的股票时，存在一个有趣的困境。一方面，希望长期持有股票的投资者可以坚持持有稳定且成熟的公司，这些公司已经存在了数十年，并且在可预见的未来可能会继续取得成功——例如<b>废物管理</b>和<b>伯克希尔哈撒韦</b>然而，这种方法的缺点是，投资者可能会错过长期快速增长的公司可能带来的潜在优异表现。</blockquote></p><p> The issue with buying&nbsp;growth stocks, however, is that it's extremely difficult to gauge how long their rapid top-line growth rates can persist. Further, these companies' stock prices could perform very poorly if the growth prospects already baked into the stock price don't pan out. In other words, there's arguably more risk when it comes to betting on growth stocks for the next decade than there is for stable and established companies with decades of success behind them.</p><p><blockquote>然而，购买成长型股票的问题在于，很难衡量其快速的营收增长率能持续多久。此外，如果股价中已经体现的增长前景没有实现，这些公司的股价可能会表现非常糟糕。换句话说，押注未来十年的成长型股票可能比押注拥有数十年成功经验的稳定成熟公司的风险更大。</blockquote></p><p> So if an&nbsp;investor&nbsp;wants to buy growth stocks with a high chance of exceeding expectations over the next 10 years, they better have some pretty good reasons to believe these companies can do exactly that.</p><p><blockquote>因此，如果投资者想购买未来10年极有可能超出预期的成长型股票，他们最好有一些很好的理由相信这些公司能够做到这一点。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/257045ef62f724806bce2b35390a5e4f\" tg-width=\"2000\" tg-height=\"1500\"><span>IMAGE SOURCE: GETTY IMAGES.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> Here are two growth stocks that have a shot at not only living up to high expectations over the next 10 years but possibly even exceeding them:<b>Zoom Video Communications</b>(NASDAQ:ZM)&nbsp;and&nbsp;<b>Peloton Interactive</b>(NASDAQ:PTON).</p><p><blockquote>以下是两只成长型股票，它们不仅有可能在未来10年达到高预期，甚至可能超过预期：<b>Zoom Video通信公司</b>（纳斯达克：ZM）及<b>Peloton互动</b>（纳斯达克：PTON）。</blockquote></p><p> <b>Zoom and Peloton were already thriving before the pandemic</b></p><p><blockquote><b>Zoom和Peloton在大流行之前就已经蓬勃发展</b></blockquote></p><p> At first glance, investors may conclude that Zoom is nothing more than a pandemic stock. They may argue that the company's success was predicated almost entirely on the fact that much of the world was in lockdown in 2020 and going into 2021.</p><p><blockquote>乍一看，投资者可能会得出结论，Zoom只不过是一只流行病股票。他们可能会说，该公司的成功几乎完全取决于这样一个事实，即世界大部分地区在2020年和2021年都处于封锁状态。</blockquote></p><p> It's true that Zoom benefited significantly from the rise of virtual work in 2020. After all, revenue for the company's fiscal 2021 (a fiscal year ending Jan. 31, 2021) skyrocketed 326% year over year. But investors should note that the trend of using video to collaborate virtually was already extremely strong before the pandemic; fiscal 2020 revenue rose 88% year over year. Growth at the time was particularly strong from large customers. Zoom's customers contributing more than $100,000 of trailing-12-month revenue increased 86% year over year in the fourth quarter of fiscal 2020.</p><p><blockquote>确实，Zoom从2020年虚拟工作的兴起中受益匪浅。毕竟，该公司2021财年（截至2021年1月31日的财年）的收入同比飙升326%。但投资者应该注意到，在大流行之前，使用视频进行虚拟协作的趋势就已经非常强劲；2020财年收入同比增长88%。当时来自大客户的增长尤其强劲。2020财年第四季度，Zoom的客户过去12个月收入贡献超过10万美元，同比增长86%。</blockquote></p><p> The same goes for Peloton. The company certainly benefited from the pandemic, but revenue during the quarter ending Dec. 31, 2019 was growing at a year-over-year rate of 77%, with connected fitness subscribers increasing 96% year over year.</p><p><blockquote>Peloton也是如此。该公司当然受益于疫情，但截至2019年12月31日的季度收入同比增长77%，联网健身订户同比增长96%。</blockquote></p><p> <b>Continued momentum</b></p><p><blockquote><b>持续的势头</b></blockquote></p><p> The underlying catalysts driving Zoom and Peloton are both still alive and well. Strong growth persists at both companies.</p><p><blockquote>推动Zoom和Peloton的潜在催化剂仍然存在。两家公司都持续强劲增长。</blockquote></p><p> Despite facing extremely tough comparisons in the year-ago quarter, from when both companies were benefiting from soaring demand amid lockdowns, Zoom's and Peloton's revenue in their most recently reported quarters grew 191% and 141% year over year, respectively.</p><p><blockquote>尽管与去年同期相比面临极其严峻的比较，但Zoom和Peloton在最近报告的季度中的收入分别同比增长了191%和141%，当时两家公司都受益于封锁期间需求飙升。</blockquote></p><p> Looking ahead, Zoom notably guided for fiscal 2022 revenue of nearly $4 billion, up from fiscal 2021 revenue of about $2.7 billion.</p><p><blockquote>展望未来，Zoom特别预计2022财年营收将接近40亿美元，高于2021财年约27亿美元的营收。</blockquote></p><p> Boding well for Peloton's continued momentum, management said in its most recent quarterly update that its monthly average workouts per connected fitness subscription rose to an all-time high, showing how the company's products are still yielding high engagement even as the economy reopens.</p><p><blockquote>管理层在最近的季度更新中表示，其每个互联健身订阅的月平均锻炼次数升至历史新高，这预示着Peloton的持续势头，这表明即使经济重新开放，该公司的产品仍然产生高参与度。</blockquote></p><p> <b>Healthy profits</b></p><p><blockquote><b>健康利润</b></blockquote></p><p> Finally, another factor that makes these companies unique from many other growth stocks is that they are already very profitable. Zoom generated $873 million of net income on $3.3 billion of trailing-12-month sales, and Peloton served up $213 million of net income from $3.7 billion in revenue.</p><p><blockquote>最后，这些公司与许多其他成长型股票不同的另一个因素是，它们已经非常有利可图。Zoom过去12个月的销售额为33亿美元，净利润为8.73亿美元，Peloton的净利润为37亿美元，净利润为2.13亿美元。</blockquote></p><p> Substantial profits give these companies an edge when it comes to reinvesting in growth opportunities ahead of them and spending on efforts to enhance their competitive positioning and first-mover advantages in their respective industries.</p><p><blockquote>可观的利润使这些公司在对未来的增长机会进行再投资以及努力增强其在各自行业的竞争地位和先发优势方面具有优势。</blockquote></p><p> While there's no guarantee these two stocks will beat the market over the next 10 years, their recent momentum -- before, during, and after the worst part of the pandemic -- suggests they likely have a promising future.</p><p><blockquote>虽然不能保证这两只股票在未来10年内会跑赢市场，但它们最近的势头——在大流行最严重的时期之前、期间和之后——表明它们的未来可能充满希望。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/07/10/2-growth-stocks-for-the-next-10-years/\">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":{"PTON":"Peloton Interactive, Inc.","ZM":"Zoom"},"source_url":"https://www.fool.com/investing/2021/07/10/2-growth-stocks-for-the-next-10-years/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1196440758","content_text":"Key Points\n\nGrowth stocks may be riskier than stable and established companies, but carefully selected ones may be worth it.\nStay-at-home trends have helped these companies, but their growth rates were high before the pandemic, too.\nBoth of these fast-growing tech businesses are already profitable.\n\nThere's an interesting dilemma when it comes to picking stocks investors can likely hold for years or even decades. On the one hand, investors looking to hold shares for the long haul can stick with stable and established companies that have been around for decades and will likely continue succeeding for the foreseeable future -- companies like Waste Management and Berkshire Hathaway. The downside to this approach, however, is that investors may miss out on the potential outperformance that could come from fast-growing companies over the long haul.\nThe issue with buying growth stocks, however, is that it's extremely difficult to gauge how long their rapid top-line growth rates can persist. Further, these companies' stock prices could perform very poorly if the growth prospects already baked into the stock price don't pan out. In other words, there's arguably more risk when it comes to betting on growth stocks for the next decade than there is for stable and established companies with decades of success behind them.\nSo if an investor wants to buy growth stocks with a high chance of exceeding expectations over the next 10 years, they better have some pretty good reasons to believe these companies can do exactly that.\nIMAGE SOURCE: GETTY IMAGES.\nHere are two growth stocks that have a shot at not only living up to high expectations over the next 10 years but possibly even exceeding them:Zoom Video Communications(NASDAQ:ZM) and Peloton Interactive(NASDAQ:PTON).\nZoom and Peloton were already thriving before the pandemic\nAt first glance, investors may conclude that Zoom is nothing more than a pandemic stock. They may argue that the company's success was predicated almost entirely on the fact that much of the world was in lockdown in 2020 and going into 2021.\nIt's true that Zoom benefited significantly from the rise of virtual work in 2020. After all, revenue for the company's fiscal 2021 (a fiscal year ending Jan. 31, 2021) skyrocketed 326% year over year. But investors should note that the trend of using video to collaborate virtually was already extremely strong before the pandemic; fiscal 2020 revenue rose 88% year over year. Growth at the time was particularly strong from large customers. Zoom's customers contributing more than $100,000 of trailing-12-month revenue increased 86% year over year in the fourth quarter of fiscal 2020.\nThe same goes for Peloton. The company certainly benefited from the pandemic, but revenue during the quarter ending Dec. 31, 2019 was growing at a year-over-year rate of 77%, with connected fitness subscribers increasing 96% year over year.\nContinued momentum\nThe underlying catalysts driving Zoom and Peloton are both still alive and well. Strong growth persists at both companies.\nDespite facing extremely tough comparisons in the year-ago quarter, from when both companies were benefiting from soaring demand amid lockdowns, Zoom's and Peloton's revenue in their most recently reported quarters grew 191% and 141% year over year, respectively.\nLooking ahead, Zoom notably guided for fiscal 2022 revenue of nearly $4 billion, up from fiscal 2021 revenue of about $2.7 billion.\nBoding well for Peloton's continued momentum, management said in its most recent quarterly update that its monthly average workouts per connected fitness subscription rose to an all-time high, showing how the company's products are still yielding high engagement even as the economy reopens.\nHealthy profits\nFinally, another factor that makes these companies unique from many other growth stocks is that they are already very profitable. Zoom generated $873 million of net income on $3.3 billion of trailing-12-month sales, and Peloton served up $213 million of net income from $3.7 billion in revenue.\nSubstantial profits give these companies an edge when it comes to reinvesting in growth opportunities ahead of them and spending on efforts to enhance their competitive positioning and first-mover advantages in their respective industries.\nWhile there's no guarantee these two stocks will beat the market over the next 10 years, their recent momentum -- before, during, and after the worst part of the pandemic -- suggests they likely have a promising future.","news_type":1,"symbols_score_info":{"ZM":0.9,"PTON":0.9}},"isVote":1,"tweetType":1,"viewCount":598,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":143210381,"gmtCreate":1625795563843,"gmtModify":1633937246719,"author":{"id":"3578574228106809","authorId":"3578574228106809","name":"DYDFC","avatar":"https://static.tigerbbs.com/886091e1ab80cf468e97e847ef0f3f9d","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578574228106809","idStr":"3578574228106809"},"themes":[],"htmlText":"F","listText":"F","text":"F","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/143210381","repostId":"1164584412","repostType":4,"isVote":1,"tweetType":1,"viewCount":410,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":149123637,"gmtCreate":1625710163129,"gmtModify":1633938120590,"author":{"id":"3578574228106809","authorId":"3578574228106809","name":"DYDFC","avatar":"https://static.tigerbbs.com/886091e1ab80cf468e97e847ef0f3f9d","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578574228106809","idStr":"3578574228106809"},"themes":[],"htmlText":"F","listText":"F","text":"F","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/149123637","repostId":"1176865752","repostType":4,"isVote":1,"tweetType":1,"viewCount":382,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":803145428,"gmtCreate":1627429742064,"gmtModify":1633765149868,"author":{"id":"3578574228106809","authorId":"3578574228106809","name":"DYDFC","avatar":"https://static.tigerbbs.com/886091e1ab80cf468e97e847ef0f3f9d","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578574228106809","idStr":"3578574228106809"},"themes":[],"htmlText":"F","listText":"F","text":"F","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/803145428","repostId":"1165178450","repostType":4,"repost":{"id":"1165178450","kind":"news","pubTimestamp":1627399581,"share":"https://www.laohu8.com/m/news/1165178450?lang=zh_CN&edition=full","pubTime":"2021-07-27 23:26","market":"us","language":"en","title":"How Plug Power Could Generate 7x Returns Over The Next Decade<blockquote>普拉格能源如何在未来十年创造7倍的回报</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1165178450","media":"seekingalpha","summary":"Summary\n\nPLUG is a leading hydrogen fuel cell turnkey provider in North American and European market","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>PLUG is a leading hydrogen fuel cell turnkey provider in North American and European markets.</li>  <li>The company boasts advanced technology and strong growth momentum.</li>  <li>We outline the company's path to growing from a $15 billion market cap to a $100 billion market cap over the next decade.</li>  <li>That said, PLUG still faces significant risks to its thesis that investors should keep in mind.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/06bea0bef6d6ac8eab14c3fceb2cccae\" tg-width=\"1536\" tg-height=\"1024\" width=\"100%\" height=\"auto\"><span>JONGHO SHIN/iStock via Getty Images</span></p><p><blockquote><ul><li>PLUG是北美和欧洲市场领先的氢燃料电池交钥匙供应商。</li><li>公司拥有先进的技术和强劲的增长势头。</li><li>我们概述了该公司在未来十年从150亿美元市值增长到1000亿美元市值的道路。</li><li>尽管如此，PLUG的论点仍然面临着投资者应该牢记的重大风险。</li></ul><p class=\"t-img-caption\"><span>JONGHO SHIN/iStock来自Getty Images</span></p></blockquote></p><p> Plug Power (PLUG) is a leading hydrogen fuel cell turnkey provider in North American and European markets. The company boasts advanced technology and strong growth momentum which should propel it to significant appreciation over the long term. In this article we outline the company's path to growing from a $15 billion market cap to a $100 billion market cap (nearly 7x returns) over the next decade.</p><p><blockquote>普拉格能源(PLUG)是北美和欧洲市场领先的氢燃料电池交钥匙供应商。该公司拥有先进的技术和强劲的增长势头，这将推动其长期大幅升值。在本文中，我们概述了该公司在未来十年从150亿美元市值增长到1000亿美元市值（近7倍回报率）的道路。</blockquote></p><p> <b>#1. Addressable Market Potential</b></p><p><blockquote><b>#1.潜在市场潜力</b></blockquote></p><p> With the&nbsp;massive tailwinds&nbsp;for green energy and ESG investing at the moment, the hydrogen fuel cell market is likely to enjoy strong growth momentum for many years to come.</p><p><blockquote>随着目前绿色能源和ESG投资的巨大推动力，氢燃料电池市场可能在未来许多年享有强劲的增长势头。</blockquote></p><p> First and foremost, the Biden administration has executed an aggressive about-face from the previous administration in its disposition towards clean energy and fossil fuels. Between executive orders and rejoining the Paris Climate Accords, the U.S. Government is increasingly incentivizing green energy investment and consumption. The European Union and China are also increasingly headed in this direction.</p><p><blockquote>首先，拜登政府在对清洁能源和化石燃料的态度上与上届政府进行了激进的大转变。在行政命令和重新加入巴黎气候协定之间，美国。政府越来越多地激励绿色能源投资和消费。欧盟和中国也越来越多地朝着这个方向前进。</blockquote></p><p> Second, the ESG investing movement has taken off to where it now accounts for an astonishing&nbsp;one-third of total assets under management&nbsp;in the United States. Given that so much capital is attracted to environmentally friendly investments, companies across the board - including in the hydrocarbon sector - are increasingly adopting policies that appeal to the environmentally-conscious investor.</p><p><blockquote>其次，ESG投资运动已经起飞，目前占美国管理总资产的三分之一，令人震惊。鉴于如此多的资本被吸引到环保投资中，包括碳氢化合物行业在内的所有公司都越来越多地采取吸引具有环保意识的投资者的政策。</blockquote></p><p> Third, the disruption and transformation of the automotive industry to reduce emissions is driving strong demand for new fuel technologies.</p><p><blockquote>第三，汽车行业为减少排放而进行的颠覆和转型正在推动对新燃料技术的强劲需求。</blockquote></p><p> Finally - largely due to the heavy investment and market demand - green technologies such as hydrogen fuel cells are&nbsp;seeing costs decline dramatically, making them increasingly competitive on the marketplace.</p><p><blockquote>最后，主要由于大量投资和市场需求，氢燃料电池等绿色技术的成本大幅下降，使其在市场上的竞争力越来越强。</blockquote></p><p> All of this should lead to continued strong growth in the sector. In fact, U.S. Hydrogen demand is&nbsp;expected&nbsp;to be 17 million metric tons per year by 2030 and 63 million metric tons by 2050, which is pretty substantial growth from the 10 million metric tons consumed in the U.S. last year. Globally, the hydrogen generation industry is&nbsp;expected&nbsp;to reach $201 billion by 2025 and should continue to grow rapidly in the decades to follow similar to how it is expected to grow in the U.S.</p><p><blockquote>所有这些都应该会导致该行业持续强劲增长。事实上，到2030年，美国的氢气需求预计将达到每年1700万吨，到2050年将达到6300万吨，这比美国去年的1000万吨消费量有了相当大的增长。在全球范围内，制氢行业预计到2025年将达到2010亿美元，并在接下来的几十年里继续快速增长，类似于美国的预期增长。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/0541b1fd23777a900f3e1a1102206d7b\" tg-width=\"824\" tg-height=\"514\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <b>#2. Market Share Drivers</b></p><p><blockquote><b>#2.市场份额驱动因素</b></blockquote></p><p> We believe that PLUG has a strong chance at capturing a sizable portion of this massive addressable market for the following reasons.</p><p><blockquote>我们相信，由于以下原因，PLUG很有可能占领这个庞大的潜在市场的相当大一部分。</blockquote></p><p> First and foremost, it has advanced technology and early mover advantages in the space. It owns numerous hydrogen energy systems including proton exchange membrane fuel cells, hybrid batteries, hydrogen storage, hydrogen dispensing, and fuel processing. Its flagship product is the electric vehicle focused GenDrive system that is complemented by their GenFuel and GenCare systems.</p><p><blockquote>首先，它在该领域拥有先进的技术和先发优势。拥有质子交换膜燃料电池、混合动力电池、储氢、配氢、燃料加工等众多氢能系统。其旗舰产品是专注于电动汽车的GenDrive系统，并辅以GenFuel和GenCare系统。</blockquote></p><p> Second of all, it has a foothold in both North America and Europe which means that it has significantly more growth potential than if it was solely focused on a single continent. In fact, North America and Europe are likely to be the leaders in Hydrogen adaptation for the foreseeable future, so PLUG is well-positioned to capture a significant portion of the global market share.</p><p><blockquote>其次，它在北美和欧洲都有立足点，这意味着它比只专注于一个大陆具有更大的增长潜力。事实上，在可预见的未来，北美和欧洲很可能成为氢适应的领导者，因此PLUG处于有利地位，可以占领全球市场份额的很大一部分。</blockquote></p><p> Third, PLUG has strong growth momentum right now and is winning business from some of the biggest companies in the world, including Amazon (AMZN), Walmart (WMT), Home Depot (HD), and General Motors (GM) either currently using their products or expected to become customers in the near future. As a result, we expect the 76% year-over-year revenue growth in its most recent&nbsp;quarterly report&nbsp;(128% year-over-year growth in their fuel cell systems and related infrastructure segment) to be sustainable for the foreseeable future.</p><p><blockquote>第三，PLUG目前增长势头强劲，正在赢得世界上一些最大公司的业务，包括亚马逊(AMZN)、沃尔玛(WMT)、家得宝(HD)和通用汽车(GM)，这些公司目前正在使用他们的产品或预计在不久的将来成为客户。因此，我们预计其最新季度报告中76%的收入同比增长（燃料电池系统和相关基础设施部门同比增长128%）在可预见的未来将是可持续的。</blockquote></p><p> In fact,analysts expect&nbsp;revenue to grow by 57% in 2022, which should push the company to EBITDA profitability.</p><p><blockquote>事实上，分析师预计2022年收入将增长57%，这应该会推动该公司实现EBITDA盈利。</blockquote></p><p> <b>#3. Valuation</b></p><p><blockquote><b>#3.估值</b></blockquote></p><p> While PLUG certainly operates in a hot industry and has numerous drivers that should enable it to capture significant market share, the company is also not cheap as it is currently running a loss.</p><p><blockquote>虽然PLUG确实在一个热门行业运营，并且拥有众多驱动因素，应该使其能够占领重要的市场份额，但该公司的价格也不便宜，因为它目前正在亏损。</blockquote></p><p></p><p> On the other hand, its EV/revenue figure is not outlandish given their growth runway as PLUG currently trades at 29.8x expected 2021 sales and 21x expected 2022 sales.</p><p><blockquote>另一方面，考虑到其增长跑道，其EV/收入数据并不奇怪，因为PLUG目前的交易价格是2021年预期销售额的29.8倍，2022年预期销售额的21倍。</blockquote></p><p> In fact, with a product gross margin of 38% that expanded by a whopping 600 basis points in PLUG's most recent earnings release, its profitability potential is significant. Overall, PLUG's gross margin is expected to be a fairly weak 9.71% in 2021, but is expected to nearly double in 2022 to 18.93%. This is also a massive increase from 2017 when the gross margin was a mere 1.2%. The EBITDA margin is also expected to be a somewhat respectable 10.7% in 2022 as well.</p><p><blockquote>事实上，PLUG最近发布的财报中，产品毛利率为38%，增长了600个基点，其盈利潜力巨大。总体而言，预计2021年PLUG的毛利率为相当疲软的9.71%，但预计2022年将增长近一倍，达到18.93%。这也比2017年的毛利率仅为1.2%大幅增长。预计2022年的EBITDA利润率也将达到相当可观的10.7%。</blockquote></p><p> If PLUG can continue to leverage its strong technology and massive expected economies of scale in the coming years, we think it is reasonable for it to push gross margins to 30% and net margins to 20% by 2032. Meanwhile, if it can capture even just 3% of global hydrogen market share by 2032 and the global market reaches roughly $390 billion by then (it is expected to exceed $200 billion by 2025 and will likely be growing by around 10% per year at least for the foreseeable future), PLUG should be generating $11.7 billion in revenues by 2032. That would assume a 31.9% revenue CAGR between 2022 and 2032, which we also believe is quite reasonable given its aforementioned growth momentum and competitive strengths.</p><p><blockquote>如果PLUG能够在未来几年继续利用其强大的技术和巨大的预期规模经济，我们认为到2032年将毛利率提高到30%，净利润率提高到20%是合理的。与此同时，如果到2032年它甚至只能占据全球氢市场3%的份额，并且届时全球市场将达到约3900亿美元（预计到2025年将超过2000亿美元，并且可能至少每年增长10%左右）在可预见的未来），到2032年，PLUG的收入将达到117亿美元。假设2022年至2032年间的收入复合年增长率为31.9%，考虑到其上述增长势头和竞争优势，我们也认为这是相当合理的。</blockquote></p><p> At a 20% net margin, that would put its net earnings at over $2.3 billion in 2032, which would require a 42.7x price to earnings multiple to warrant a $100 billion market cap. Is this a reasonable multiple? It depends a lot on interest rates, but, given that the current S&amp;P 500 (SPY) multiple is ~31x and PLUG's growth rate and growth runway will likely still be vastly superior to where the S&amp;P 500's is today, it certainly does not seem too far-fetched to us.</p><p><blockquote>如果净利润率为20%，到2032年其净利润将超过23亿美元，这需要42.7倍的市盈率才能保证1000亿美元的市值。这个倍数合理吗？这在很大程度上取决于利率，但是，考虑到目前标普500（SPDR标普500指数ETF）的市盈率约为31倍，而且PLUG的增长率和增长跑道可能仍远优于标普500目前的水平，这当然不会显得太远。对我们来说太牵强了。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/02cad870534d53e0544cd0389c837b1d\" tg-width=\"635\" tg-height=\"417\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> <b>#4. Risks</b></p><p><blockquote><b>#4.风险</b></blockquote></p><p> If this model pans out how we think it could, PLUG is a very attractive buy on the latest pullback.</p><p><blockquote>如果这个模型如我们所想的那样成功，那么在最近的回调中，PLUG是一个非常有吸引力的买入。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9e86493a3f4fcb61e8bec0de36f0f9b7\" tg-width=\"635\" tg-height=\"417\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> Of course, it assumes that PLUG will be able to overcome several risks, so investors should keep in mind that it remains a very speculative investment at this point.</p><p><blockquote>当然，它假设PLUG将能够克服一些风险，因此投资者应该记住，目前它仍然是一项非常投机性的投资。</blockquote></p><p> First and foremost, it will demand that PLUG can maintain highly competitive technology in a space that is almost certain to grow increasingly competitive in the years to come.</p><p><blockquote>首先，它将要求PLUG能够在一个几乎肯定会在未来几年竞争日益激烈的领域保持极具竞争力的技术。</blockquote></p><p> Additionally, PLUG will need to balance investing in recruiting the best talent in the industry to sustain and increase its technological edge with investing in effective marketing while also avoiding diluting shareholders or running up a big debt burden. Given that it is not yet free cash flow positive, this could prove challenging in the short term. That said, their nearly $4.8 billion in cash and cash equivalents on hand should enable it to reach free cash flow positivity without stressing its balance sheet.</p><p><blockquote>此外，PLUG需要在招聘业内最优秀人才以维持和增强其技术优势的投资与有效营销的投资之间取得平衡，同时避免稀释股东权益或增加巨额债务负担。鉴于自由现金流尚未为正，这在短期内可能具有挑战性。也就是说，他们手头近48亿美元的现金和现金等价物应该使其能够在不给资产负债表带来压力的情况下实现正自由现金流。</blockquote></p><p> Third, hydrogen power has not been without its critics over the years, most notably Tesla's (TSLA) founder and CEO Elon Musk. The wildly popular and visionary entrepreneur&nbsp;argued&nbsp;that using hydrogen to store energy can never be as efficient as storing electricity in a battery. In fact, he has gone so far as to say that using hydrogen fuel cells (which he calls \"fool cells\") to power vehicles is \"mind-bogglingly stupid.\" Obviously many individuals and corporations disagree with Musk's assessment and he has a clear incentive to try to discredit the technology, but this should still be viewed as a significant risk to keep an eye on. If hydrogen were to fall out of favor, it would significantly reduce the upside for PLUG and could even lead to permanent impairments from current levels if severe enough.</p><p><blockquote>第三，多年来，氢能并非没有批评者，最著名的是特斯拉(TSLA)创始人兼首席执行官Elon Musk。这位广受欢迎且富有远见的企业家认为，使用氢来储存能量永远不会像在电池中储存电力那样有效。事实上，他甚至说，使用氢燃料电池（他评级为“傻瓜电池”）为汽车提供动力是“愚蠢得令人难以置信”。显然，许多个人和公司不同意马斯克的评估，他有明显的动机试图诋毁这项技术，但这仍应被视为需要关注的重大风险。如果氢气失宠，将大大降低PLUG的上涨空间，如果足够严重，甚至可能导致当前水平的永久性损害。</blockquote></p><p> <b>Investor Takeaway</b></p><p><blockquote><b>投资者要点</b></blockquote></p><p> PLUG is a competitively positioned company in a rapidly-growing industry. Not only that, but the industry's growth runway looks promising for many decades to come. With advanced technology, early mover advantages, and a foothold on the two most fertile continents for Hydrogen technology, PLUG should be able to generate strong revenue growth for a long time to come.</p><p><blockquote>PLUG是一家在快速增长的行业中具有竞争力的公司。不仅如此，该行业的增长跑道在未来几十年看起来充满希望。凭借先进的技术、先发优势以及在氢技术最肥沃的两大洲的立足点，PLUG应该能够在未来很长一段时间内实现强劲的收入增长。</blockquote></p><p> Given our assumptions outlined in this article, we think that PLUG could very possibly achieve a $100 billion market cap in about a decade. This would represent a 667% total return (20.9% CAGR) over that span assuming no further share dilution.</p><p><blockquote>鉴于我们在本文中概述的假设，我们认为PLUG很可能在大约十年内达到1000亿美元的市值。假设没有进一步的股份稀释，这将意味着该期间的总回报率为667%（复合年增长率为20.9%）。</blockquote></p><p></p><p> That said, PLUG is also far from a conservative sleep well at night stock and investors should keep in mind that its current valuation assumes significant future growth and an ability to scale into profitability. It also assumes that it will retain a strong technological moat which will enable it to increase gross margins over time.</p><p><blockquote>也就是说，PLUG也远非保守的夜间睡眠良好股票，投资者应该记住，其目前的估值假设未来显着增长并有能力扩大盈利。它还假设它将保留强大的技术护城河，这将使其能够随着时间的推移提高毛利率。</blockquote></p><p> Overall, we rate PLUG a speculative buy at this point.</p><p><blockquote>总体而言，我们目前将PLUG评级为投机性买入。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>How Plug Power Could Generate 7x Returns Over The Next Decade<blockquote>普拉格能源如何在未来十年创造7倍的回报</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\">\nHow Plug Power Could Generate 7x Returns Over The Next Decade<blockquote>普拉格能源如何在未来十年创造7倍的回报</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">seekingalpha</strong><span class=\"h-time small\">2021-07-27 23:26</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>PLUG is a leading hydrogen fuel cell turnkey provider in North American and European markets.</li>  <li>The company boasts advanced technology and strong growth momentum.</li>  <li>We outline the company's path to growing from a $15 billion market cap to a $100 billion market cap over the next decade.</li>  <li>That said, PLUG still faces significant risks to its thesis that investors should keep in mind.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/06bea0bef6d6ac8eab14c3fceb2cccae\" tg-width=\"1536\" tg-height=\"1024\" width=\"100%\" height=\"auto\"><span>JONGHO SHIN/iStock via Getty Images</span></p><p><blockquote><ul><li>PLUG是北美和欧洲市场领先的氢燃料电池交钥匙供应商。</li><li>公司拥有先进的技术和强劲的增长势头。</li><li>我们概述了该公司在未来十年从150亿美元市值增长到1000亿美元市值的道路。</li><li>尽管如此，PLUG的论点仍然面临着投资者应该牢记的重大风险。</li></ul><p class=\"t-img-caption\"><span>JONGHO SHIN/iStock来自Getty Images</span></p></blockquote></p><p> Plug Power (PLUG) is a leading hydrogen fuel cell turnkey provider in North American and European markets. The company boasts advanced technology and strong growth momentum which should propel it to significant appreciation over the long term. In this article we outline the company's path to growing from a $15 billion market cap to a $100 billion market cap (nearly 7x returns) over the next decade.</p><p><blockquote>普拉格能源(PLUG)是北美和欧洲市场领先的氢燃料电池交钥匙供应商。该公司拥有先进的技术和强劲的增长势头，这将推动其长期大幅升值。在本文中，我们概述了该公司在未来十年从150亿美元市值增长到1000亿美元市值（近7倍回报率）的道路。</blockquote></p><p> <b>#1. Addressable Market Potential</b></p><p><blockquote><b>#1.潜在市场潜力</b></blockquote></p><p> With the&nbsp;massive tailwinds&nbsp;for green energy and ESG investing at the moment, the hydrogen fuel cell market is likely to enjoy strong growth momentum for many years to come.</p><p><blockquote>随着目前绿色能源和ESG投资的巨大推动力，氢燃料电池市场可能在未来许多年享有强劲的增长势头。</blockquote></p><p> First and foremost, the Biden administration has executed an aggressive about-face from the previous administration in its disposition towards clean energy and fossil fuels. Between executive orders and rejoining the Paris Climate Accords, the U.S. Government is increasingly incentivizing green energy investment and consumption. The European Union and China are also increasingly headed in this direction.</p><p><blockquote>首先，拜登政府在对清洁能源和化石燃料的态度上与上届政府进行了激进的大转变。在行政命令和重新加入巴黎气候协定之间，美国。政府越来越多地激励绿色能源投资和消费。欧盟和中国也越来越多地朝着这个方向前进。</blockquote></p><p> Second, the ESG investing movement has taken off to where it now accounts for an astonishing&nbsp;one-third of total assets under management&nbsp;in the United States. Given that so much capital is attracted to environmentally friendly investments, companies across the board - including in the hydrocarbon sector - are increasingly adopting policies that appeal to the environmentally-conscious investor.</p><p><blockquote>其次，ESG投资运动已经起飞，目前占美国管理总资产的三分之一，令人震惊。鉴于如此多的资本被吸引到环保投资中，包括碳氢化合物行业在内的所有公司都越来越多地采取吸引具有环保意识的投资者的政策。</blockquote></p><p> Third, the disruption and transformation of the automotive industry to reduce emissions is driving strong demand for new fuel technologies.</p><p><blockquote>第三，汽车行业为减少排放而进行的颠覆和转型正在推动对新燃料技术的强劲需求。</blockquote></p><p> Finally - largely due to the heavy investment and market demand - green technologies such as hydrogen fuel cells are&nbsp;seeing costs decline dramatically, making them increasingly competitive on the marketplace.</p><p><blockquote>最后，主要由于大量投资和市场需求，氢燃料电池等绿色技术的成本大幅下降，使其在市场上的竞争力越来越强。</blockquote></p><p> All of this should lead to continued strong growth in the sector. In fact, U.S. Hydrogen demand is&nbsp;expected&nbsp;to be 17 million metric tons per year by 2030 and 63 million metric tons by 2050, which is pretty substantial growth from the 10 million metric tons consumed in the U.S. last year. Globally, the hydrogen generation industry is&nbsp;expected&nbsp;to reach $201 billion by 2025 and should continue to grow rapidly in the decades to follow similar to how it is expected to grow in the U.S.</p><p><blockquote>所有这些都应该会导致该行业持续强劲增长。事实上，到2030年，美国的氢气需求预计将达到每年1700万吨，到2050年将达到6300万吨，这比美国去年的1000万吨消费量有了相当大的增长。在全球范围内，制氢行业预计到2025年将达到2010亿美元，并在接下来的几十年里继续快速增长，类似于美国的预期增长。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/0541b1fd23777a900f3e1a1102206d7b\" tg-width=\"824\" tg-height=\"514\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <b>#2. Market Share Drivers</b></p><p><blockquote><b>#2.市场份额驱动因素</b></blockquote></p><p> We believe that PLUG has a strong chance at capturing a sizable portion of this massive addressable market for the following reasons.</p><p><blockquote>我们相信，由于以下原因，PLUG很有可能占领这个庞大的潜在市场的相当大一部分。</blockquote></p><p> First and foremost, it has advanced technology and early mover advantages in the space. It owns numerous hydrogen energy systems including proton exchange membrane fuel cells, hybrid batteries, hydrogen storage, hydrogen dispensing, and fuel processing. Its flagship product is the electric vehicle focused GenDrive system that is complemented by their GenFuel and GenCare systems.</p><p><blockquote>首先，它在该领域拥有先进的技术和先发优势。拥有质子交换膜燃料电池、混合动力电池、储氢、配氢、燃料加工等众多氢能系统。其旗舰产品是专注于电动汽车的GenDrive系统，并辅以GenFuel和GenCare系统。</blockquote></p><p> Second of all, it has a foothold in both North America and Europe which means that it has significantly more growth potential than if it was solely focused on a single continent. In fact, North America and Europe are likely to be the leaders in Hydrogen adaptation for the foreseeable future, so PLUG is well-positioned to capture a significant portion of the global market share.</p><p><blockquote>其次，它在北美和欧洲都有立足点，这意味着它比只专注于一个大陆具有更大的增长潜力。事实上，在可预见的未来，北美和欧洲很可能成为氢适应的领导者，因此PLUG处于有利地位，可以占领全球市场份额的很大一部分。</blockquote></p><p> Third, PLUG has strong growth momentum right now and is winning business from some of the biggest companies in the world, including Amazon (AMZN), Walmart (WMT), Home Depot (HD), and General Motors (GM) either currently using their products or expected to become customers in the near future. As a result, we expect the 76% year-over-year revenue growth in its most recent&nbsp;quarterly report&nbsp;(128% year-over-year growth in their fuel cell systems and related infrastructure segment) to be sustainable for the foreseeable future.</p><p><blockquote>第三，PLUG目前增长势头强劲，正在赢得世界上一些最大公司的业务，包括亚马逊(AMZN)、沃尔玛(WMT)、家得宝(HD)和通用汽车(GM)，这些公司目前正在使用他们的产品或预计在不久的将来成为客户。因此，我们预计其最新季度报告中76%的收入同比增长（燃料电池系统和相关基础设施部门同比增长128%）在可预见的未来将是可持续的。</blockquote></p><p> In fact,analysts expect&nbsp;revenue to grow by 57% in 2022, which should push the company to EBITDA profitability.</p><p><blockquote>事实上，分析师预计2022年收入将增长57%，这应该会推动该公司实现EBITDA盈利。</blockquote></p><p> <b>#3. Valuation</b></p><p><blockquote><b>#3.估值</b></blockquote></p><p> While PLUG certainly operates in a hot industry and has numerous drivers that should enable it to capture significant market share, the company is also not cheap as it is currently running a loss.</p><p><blockquote>虽然PLUG确实在一个热门行业运营，并且拥有众多驱动因素，应该使其能够占领重要的市场份额，但该公司的价格也不便宜，因为它目前正在亏损。</blockquote></p><p></p><p> On the other hand, its EV/revenue figure is not outlandish given their growth runway as PLUG currently trades at 29.8x expected 2021 sales and 21x expected 2022 sales.</p><p><blockquote>另一方面，考虑到其增长跑道，其EV/收入数据并不奇怪，因为PLUG目前的交易价格是2021年预期销售额的29.8倍，2022年预期销售额的21倍。</blockquote></p><p> In fact, with a product gross margin of 38% that expanded by a whopping 600 basis points in PLUG's most recent earnings release, its profitability potential is significant. Overall, PLUG's gross margin is expected to be a fairly weak 9.71% in 2021, but is expected to nearly double in 2022 to 18.93%. This is also a massive increase from 2017 when the gross margin was a mere 1.2%. The EBITDA margin is also expected to be a somewhat respectable 10.7% in 2022 as well.</p><p><blockquote>事实上，PLUG最近发布的财报中，产品毛利率为38%，增长了600个基点，其盈利潜力巨大。总体而言，预计2021年PLUG的毛利率为相当疲软的9.71%，但预计2022年将增长近一倍，达到18.93%。这也比2017年的毛利率仅为1.2%大幅增长。预计2022年的EBITDA利润率也将达到相当可观的10.7%。</blockquote></p><p> If PLUG can continue to leverage its strong technology and massive expected economies of scale in the coming years, we think it is reasonable for it to push gross margins to 30% and net margins to 20% by 2032. Meanwhile, if it can capture even just 3% of global hydrogen market share by 2032 and the global market reaches roughly $390 billion by then (it is expected to exceed $200 billion by 2025 and will likely be growing by around 10% per year at least for the foreseeable future), PLUG should be generating $11.7 billion in revenues by 2032. That would assume a 31.9% revenue CAGR between 2022 and 2032, which we also believe is quite reasonable given its aforementioned growth momentum and competitive strengths.</p><p><blockquote>如果PLUG能够在未来几年继续利用其强大的技术和巨大的预期规模经济，我们认为到2032年将毛利率提高到30%，净利润率提高到20%是合理的。与此同时，如果到2032年它甚至只能占据全球氢市场3%的份额，并且届时全球市场将达到约3900亿美元（预计到2025年将超过2000亿美元，并且可能至少每年增长10%左右）在可预见的未来），到2032年，PLUG的收入将达到117亿美元。假设2022年至2032年间的收入复合年增长率为31.9%，考虑到其上述增长势头和竞争优势，我们也认为这是相当合理的。</blockquote></p><p> At a 20% net margin, that would put its net earnings at over $2.3 billion in 2032, which would require a 42.7x price to earnings multiple to warrant a $100 billion market cap. Is this a reasonable multiple? It depends a lot on interest rates, but, given that the current S&amp;P 500 (SPY) multiple is ~31x and PLUG's growth rate and growth runway will likely still be vastly superior to where the S&amp;P 500's is today, it certainly does not seem too far-fetched to us.</p><p><blockquote>如果净利润率为20%，到2032年其净利润将超过23亿美元，这需要42.7倍的市盈率才能保证1000亿美元的市值。这个倍数合理吗？这在很大程度上取决于利率，但是，考虑到目前标普500（SPDR标普500指数ETF）的市盈率约为31倍，而且PLUG的增长率和增长跑道可能仍远优于标普500目前的水平，这当然不会显得太远。对我们来说太牵强了。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/02cad870534d53e0544cd0389c837b1d\" tg-width=\"635\" tg-height=\"417\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> <b>#4. Risks</b></p><p><blockquote><b>#4.风险</b></blockquote></p><p> If this model pans out how we think it could, PLUG is a very attractive buy on the latest pullback.</p><p><blockquote>如果这个模型如我们所想的那样成功，那么在最近的回调中，PLUG是一个非常有吸引力的买入。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9e86493a3f4fcb61e8bec0de36f0f9b7\" tg-width=\"635\" tg-height=\"417\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> Of course, it assumes that PLUG will be able to overcome several risks, so investors should keep in mind that it remains a very speculative investment at this point.</p><p><blockquote>当然，它假设PLUG将能够克服一些风险，因此投资者应该记住，目前它仍然是一项非常投机性的投资。</blockquote></p><p> First and foremost, it will demand that PLUG can maintain highly competitive technology in a space that is almost certain to grow increasingly competitive in the years to come.</p><p><blockquote>首先，它将要求PLUG能够在一个几乎肯定会在未来几年竞争日益激烈的领域保持极具竞争力的技术。</blockquote></p><p> Additionally, PLUG will need to balance investing in recruiting the best talent in the industry to sustain and increase its technological edge with investing in effective marketing while also avoiding diluting shareholders or running up a big debt burden. Given that it is not yet free cash flow positive, this could prove challenging in the short term. That said, their nearly $4.8 billion in cash and cash equivalents on hand should enable it to reach free cash flow positivity without stressing its balance sheet.</p><p><blockquote>此外，PLUG需要在招聘业内最优秀人才以维持和增强其技术优势的投资与有效营销的投资之间取得平衡，同时避免稀释股东权益或增加巨额债务负担。鉴于自由现金流尚未为正，这在短期内可能具有挑战性。也就是说，他们手头近48亿美元的现金和现金等价物应该使其能够在不给资产负债表带来压力的情况下实现正自由现金流。</blockquote></p><p> Third, hydrogen power has not been without its critics over the years, most notably Tesla's (TSLA) founder and CEO Elon Musk. The wildly popular and visionary entrepreneur&nbsp;argued&nbsp;that using hydrogen to store energy can never be as efficient as storing electricity in a battery. In fact, he has gone so far as to say that using hydrogen fuel cells (which he calls \"fool cells\") to power vehicles is \"mind-bogglingly stupid.\" Obviously many individuals and corporations disagree with Musk's assessment and he has a clear incentive to try to discredit the technology, but this should still be viewed as a significant risk to keep an eye on. If hydrogen were to fall out of favor, it would significantly reduce the upside for PLUG and could even lead to permanent impairments from current levels if severe enough.</p><p><blockquote>第三，多年来，氢能并非没有批评者，最著名的是特斯拉(TSLA)创始人兼首席执行官Elon Musk。这位广受欢迎且富有远见的企业家认为，使用氢来储存能量永远不会像在电池中储存电力那样有效。事实上，他甚至说，使用氢燃料电池（他评级为“傻瓜电池”）为汽车提供动力是“愚蠢得令人难以置信”。显然，许多个人和公司不同意马斯克的评估，他有明显的动机试图诋毁这项技术，但这仍应被视为需要关注的重大风险。如果氢气失宠，将大大降低PLUG的上涨空间，如果足够严重，甚至可能导致当前水平的永久性损害。</blockquote></p><p> <b>Investor Takeaway</b></p><p><blockquote><b>投资者要点</b></blockquote></p><p> PLUG is a competitively positioned company in a rapidly-growing industry. Not only that, but the industry's growth runway looks promising for many decades to come. With advanced technology, early mover advantages, and a foothold on the two most fertile continents for Hydrogen technology, PLUG should be able to generate strong revenue growth for a long time to come.</p><p><blockquote>PLUG是一家在快速增长的行业中具有竞争力的公司。不仅如此，该行业的增长跑道在未来几十年看起来充满希望。凭借先进的技术、先发优势以及在氢技术最肥沃的两大洲的立足点，PLUG应该能够在未来很长一段时间内实现强劲的收入增长。</blockquote></p><p> Given our assumptions outlined in this article, we think that PLUG could very possibly achieve a $100 billion market cap in about a decade. This would represent a 667% total return (20.9% CAGR) over that span assuming no further share dilution.</p><p><blockquote>鉴于我们在本文中概述的假设，我们认为PLUG很可能在大约十年内达到1000亿美元的市值。假设没有进一步的股份稀释，这将意味着该期间的总回报率为667%（复合年增长率为20.9%）。</blockquote></p><p></p><p> That said, PLUG is also far from a conservative sleep well at night stock and investors should keep in mind that its current valuation assumes significant future growth and an ability to scale into profitability. It also assumes that it will retain a strong technological moat which will enable it to increase gross margins over time.</p><p><blockquote>也就是说，PLUG也远非保守的夜间睡眠良好股票，投资者应该记住，其目前的估值假设未来显着增长并有能力扩大盈利。它还假设它将保留强大的技术护城河，这将使其能够随着时间的推移提高毛利率。</blockquote></p><p> Overall, we rate PLUG a speculative buy at this point.</p><p><blockquote>总体而言，我们目前将PLUG评级为投机性买入。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4441600-plug-power-could-generate-7x-returns-over-the-next-decade\">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":{"PLUG":"普拉格能源"},"source_url":"https://seekingalpha.com/article/4441600-plug-power-could-generate-7x-returns-over-the-next-decade","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1165178450","content_text":"Summary\n\nPLUG is a leading hydrogen fuel cell turnkey provider in North American and European markets.\nThe company boasts advanced technology and strong growth momentum.\nWe outline the company's path to growing from a $15 billion market cap to a $100 billion market cap over the next decade.\nThat said, PLUG still faces significant risks to its thesis that investors should keep in mind.\n\nJONGHO SHIN/iStock via Getty Images\nPlug Power (PLUG) is a leading hydrogen fuel cell turnkey provider in North American and European markets. The company boasts advanced technology and strong growth momentum which should propel it to significant appreciation over the long term. In this article we outline the company's path to growing from a $15 billion market cap to a $100 billion market cap (nearly 7x returns) over the next decade.\n#1. Addressable Market Potential\nWith the massive tailwinds for green energy and ESG investing at the moment, the hydrogen fuel cell market is likely to enjoy strong growth momentum for many years to come.\nFirst and foremost, the Biden administration has executed an aggressive about-face from the previous administration in its disposition towards clean energy and fossil fuels. Between executive orders and rejoining the Paris Climate Accords, the U.S. Government is increasingly incentivizing green energy investment and consumption. The European Union and China are also increasingly headed in this direction.\nSecond, the ESG investing movement has taken off to where it now accounts for an astonishing one-third of total assets under management in the United States. Given that so much capital is attracted to environmentally friendly investments, companies across the board - including in the hydrocarbon sector - are increasingly adopting policies that appeal to the environmentally-conscious investor.\nThird, the disruption and transformation of the automotive industry to reduce emissions is driving strong demand for new fuel technologies.\nFinally - largely due to the heavy investment and market demand - green technologies such as hydrogen fuel cells are seeing costs decline dramatically, making them increasingly competitive on the marketplace.\nAll of this should lead to continued strong growth in the sector. In fact, U.S. Hydrogen demand is expected to be 17 million metric tons per year by 2030 and 63 million metric tons by 2050, which is pretty substantial growth from the 10 million metric tons consumed in the U.S. last year. Globally, the hydrogen generation industry is expected to reach $201 billion by 2025 and should continue to grow rapidly in the decades to follow similar to how it is expected to grow in the U.S.\n\n#2. Market Share Drivers\nWe believe that PLUG has a strong chance at capturing a sizable portion of this massive addressable market for the following reasons.\nFirst and foremost, it has advanced technology and early mover advantages in the space. It owns numerous hydrogen energy systems including proton exchange membrane fuel cells, hybrid batteries, hydrogen storage, hydrogen dispensing, and fuel processing. Its flagship product is the electric vehicle focused GenDrive system that is complemented by their GenFuel and GenCare systems.\nSecond of all, it has a foothold in both North America and Europe which means that it has significantly more growth potential than if it was solely focused on a single continent. In fact, North America and Europe are likely to be the leaders in Hydrogen adaptation for the foreseeable future, so PLUG is well-positioned to capture a significant portion of the global market share.\nThird, PLUG has strong growth momentum right now and is winning business from some of the biggest companies in the world, including Amazon (AMZN), Walmart (WMT), Home Depot (HD), and General Motors (GM) either currently using their products or expected to become customers in the near future. As a result, we expect the 76% year-over-year revenue growth in its most recent quarterly report (128% year-over-year growth in their fuel cell systems and related infrastructure segment) to be sustainable for the foreseeable future.\nIn fact,analysts expect revenue to grow by 57% in 2022, which should push the company to EBITDA profitability.\n#3. Valuation\nWhile PLUG certainly operates in a hot industry and has numerous drivers that should enable it to capture significant market share, the company is also not cheap as it is currently running a loss.\nOn the other hand, its EV/revenue figure is not outlandish given their growth runway as PLUG currently trades at 29.8x expected 2021 sales and 21x expected 2022 sales.\nIn fact, with a product gross margin of 38% that expanded by a whopping 600 basis points in PLUG's most recent earnings release, its profitability potential is significant. Overall, PLUG's gross margin is expected to be a fairly weak 9.71% in 2021, but is expected to nearly double in 2022 to 18.93%. This is also a massive increase from 2017 when the gross margin was a mere 1.2%. The EBITDA margin is also expected to be a somewhat respectable 10.7% in 2022 as well.\nIf PLUG can continue to leverage its strong technology and massive expected economies of scale in the coming years, we think it is reasonable for it to push gross margins to 30% and net margins to 20% by 2032. Meanwhile, if it can capture even just 3% of global hydrogen market share by 2032 and the global market reaches roughly $390 billion by then (it is expected to exceed $200 billion by 2025 and will likely be growing by around 10% per year at least for the foreseeable future), PLUG should be generating $11.7 billion in revenues by 2032. That would assume a 31.9% revenue CAGR between 2022 and 2032, which we also believe is quite reasonable given its aforementioned growth momentum and competitive strengths.\nAt a 20% net margin, that would put its net earnings at over $2.3 billion in 2032, which would require a 42.7x price to earnings multiple to warrant a $100 billion market cap. Is this a reasonable multiple? It depends a lot on interest rates, but, given that the current S&P 500 (SPY) multiple is ~31x and PLUG's growth rate and growth runway will likely still be vastly superior to where the S&P 500's is today, it certainly does not seem too far-fetched to us.\nData by YCharts\n#4. Risks\nIf this model pans out how we think it could, PLUG is a very attractive buy on the latest pullback.\nData by YCharts\nOf course, it assumes that PLUG will be able to overcome several risks, so investors should keep in mind that it remains a very speculative investment at this point.\nFirst and foremost, it will demand that PLUG can maintain highly competitive technology in a space that is almost certain to grow increasingly competitive in the years to come.\nAdditionally, PLUG will need to balance investing in recruiting the best talent in the industry to sustain and increase its technological edge with investing in effective marketing while also avoiding diluting shareholders or running up a big debt burden. Given that it is not yet free cash flow positive, this could prove challenging in the short term. That said, their nearly $4.8 billion in cash and cash equivalents on hand should enable it to reach free cash flow positivity without stressing its balance sheet.\nThird, hydrogen power has not been without its critics over the years, most notably Tesla's (TSLA) founder and CEO Elon Musk. The wildly popular and visionary entrepreneur argued that using hydrogen to store energy can never be as efficient as storing electricity in a battery. In fact, he has gone so far as to say that using hydrogen fuel cells (which he calls \"fool cells\") to power vehicles is \"mind-bogglingly stupid.\" Obviously many individuals and corporations disagree with Musk's assessment and he has a clear incentive to try to discredit the technology, but this should still be viewed as a significant risk to keep an eye on. If hydrogen were to fall out of favor, it would significantly reduce the upside for PLUG and could even lead to permanent impairments from current levels if severe enough.\nInvestor Takeaway\nPLUG is a competitively positioned company in a rapidly-growing industry. Not only that, but the industry's growth runway looks promising for many decades to come. With advanced technology, early mover advantages, and a foothold on the two most fertile continents for Hydrogen technology, PLUG should be able to generate strong revenue growth for a long time to come.\nGiven our assumptions outlined in this article, we think that PLUG could very possibly achieve a $100 billion market cap in about a decade. This would represent a 667% total return (20.9% CAGR) over that span assuming no further share dilution.\nThat said, PLUG is also far from a conservative sleep well at night stock and investors should keep in mind that its current valuation assumes significant future growth and an ability to scale into profitability. It also assumes that it will retain a strong technological moat which will enable it to increase gross margins over time.\nOverall, we rate PLUG a speculative buy at this point.","news_type":1,"symbols_score_info":{"PLUG":0.9}},"isVote":1,"tweetType":1,"viewCount":1567,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":178613771,"gmtCreate":1626815666793,"gmtModify":1633770860749,"author":{"id":"3578574228106809","authorId":"3578574228106809","name":"DYDFC","avatar":"https://static.tigerbbs.com/886091e1ab80cf468e97e847ef0f3f9d","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578574228106809","idStr":"3578574228106809"},"themes":[],"htmlText":"Liked and shared commented","listText":"Liked and shared commented","text":"Liked and shared commented","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/178613771","repostId":"1138312795","repostType":4,"repost":{"id":"1138312795","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":1626789951,"share":"https://www.laohu8.com/m/news/1138312795?lang=zh_CN&edition=full","pubTime":"2021-07-20 22:05","market":"us","language":"en","title":"The DOW rose more than 1%, IBM gained over 4%<blockquote>道指涨超1%IBM涨超4%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1138312795","media":"Tiger Newspress","summary":"(July 20)&nbsp;The DOW rose more than 1%.&nbsp;$IBM($IBM(IBM)$)$ gained over 4%,IBM quarterly revenue beats on cloud strength.&nbsp;Apple,&nbsp;Boeing&nbsp;jumped&nbsp;more than 1%.","content":"<p>(July 20)&nbsp;The DOW rose more than 1%.&nbsp;$IBM(<a href=\"https://laohu8.com/S/IBM\">IBM</a>)$ gained over 4%,IBM quarterly revenue beats on cloud strength.&nbsp;Apple,&nbsp;Boeing&nbsp;jumped&nbsp;more than 1%.</p><p><blockquote>（7月20日）道指涨超1%.$IBM(<a href=\"https://laohu8.com/S/IBM\">IBM</a>)$上涨超过4%，IBM季度收入超过云实力。苹果、波音股价上涨逾1%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/dc8f499a846f2fa479bd3d28563ee70d\" tg-width=\"958\" tg-height=\"917\" 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>The DOW rose more than 1%, IBM gained over 4%<blockquote>道指涨超1%IBM涨超4%</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\">\nThe DOW rose more than 1%, IBM gained over 4%<blockquote>道指涨超1%IBM涨超4%</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\">2021-07-20 22:05</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>(July 20)&nbsp;The DOW rose more than 1%.&nbsp;$IBM(<a href=\"https://laohu8.com/S/IBM\">IBM</a>)$ gained over 4%,IBM quarterly revenue beats on cloud strength.&nbsp;Apple,&nbsp;Boeing&nbsp;jumped&nbsp;more than 1%.</p><p><blockquote>（7月20日）道指涨超1%.$IBM(<a href=\"https://laohu8.com/S/IBM\">IBM</a>)$上涨超过4%，IBM季度收入超过云实力。苹果、波音股价上涨逾1%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/dc8f499a846f2fa479bd3d28563ee70d\" tg-width=\"958\" tg-height=\"917\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IBM":"IBM"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1138312795","content_text":"(July 20) The DOW rose more than 1%. $IBM(IBM)$ gained over 4%,IBM quarterly revenue beats on cloud strength. Apple, Boeing jumped more than 1%.","news_type":1,"symbols_score_info":{"IBM":0.9}},"isVote":1,"tweetType":1,"viewCount":655,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":146033612,"gmtCreate":1626042492136,"gmtModify":1633930825233,"author":{"id":"3578574228106809","authorId":"3578574228106809","name":"DYDFC","avatar":"https://static.tigerbbs.com/886091e1ab80cf468e97e847ef0f3f9d","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578574228106809","idStr":"3578574228106809"},"themes":[],"htmlText":"High risk&nbsp;","listText":"High risk&nbsp;","text":"High risk","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/146033612","repostId":"1113530069","repostType":4,"isVote":1,"tweetType":1,"viewCount":724,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":149120094,"gmtCreate":1625710040018,"gmtModify":1633938122682,"author":{"id":"3578574228106809","authorId":"3578574228106809","name":"DYDFC","avatar":"https://static.tigerbbs.com/886091e1ab80cf468e97e847ef0f3f9d","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578574228106809","idStr":"3578574228106809"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/149120094","repostId":"1133690658","repostType":4,"repost":{"id":"1133690658","kind":"news","pubTimestamp":1625704206,"share":"https://www.laohu8.com/m/news/1133690658?lang=zh_CN&edition=full","pubTime":"2021-07-08 08:30","market":"us","language":"en","title":"Dozens of U.S. states sue Google over Play Store's 'extravagant commission'<blockquote>美国数十个州就Play Store的“奢侈佣金”起诉谷歌</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1133690658","media":"Reuters","summary":"WASHINGTON/OAKLAND, Calif., July 7 (Reuters) - Thirty-seven U.S. state and district attorneys genera","content":"<p>WASHINGTON/OAKLAND, Calif., July 7 (Reuters) - Thirty-seven U.S. state and district attorneys general sued <a href=\"https://laohu8.com/S/GOOG\">Alphabet</a> Inc's(GOOGL.O)Google on Wednesday, alleging that the search and advertising giant violates antitrust law in running its app store for Android phones.</p><p><blockquote>路透华盛顿/加州奥克兰7月7日电——美国37名州和地区总检察长提起诉讼<a href=\"https://laohu8.com/S/GOOG\">Alphabet</a>公司（GOOGL.O）周三指控这家搜索和广告巨头在运营其Android手机应用商店时违反了反垄断法。</blockquote></p><p> The lawsuit, <a href=\"https://laohu8.com/S/AONE\">one</a> of a series that has been filed against Google in the <a href=\"https://laohu8.com/S/UBNK\">United</a> States, follows complaints from app developers about the management of its Play Store.</p><p><blockquote>这起诉讼，<a href=\"https://laohu8.com/S/AONE\">一</a>针对谷歌提起的一系列诉讼<a href=\"https://laohu8.com/S/UBNK\">团结的</a>在应用程序开发者抱怨其Play Store的管理之后。</blockquote></p><p> Google did not have immediate comment on the new litigation.</p><p><blockquote>谷歌没有立即对新诉讼发表评论。</blockquote></p><p> Google requires that some apps use the company's payment tools and give Google as much as 30% of digital goods sales.</p><p><blockquote>谷歌要求一些应用使用该公司的支付工具，并给谷歌高达30%的数字商品销售额。</blockquote></p><p> \"To collect and maintain this extravagant commission, Google has employed anticompetitive tactics to diminish and disincentivize competition in Android app distribution,\" the lawsuit stated.</p><p><blockquote>诉讼称：“为了收取和维持这笔奢侈的佣金，谷歌采用了反竞争策略来减少和抑制Android应用程序分发领域的竞争。”</blockquote></p><p> \"Google has not only targeted potentially competing app stores, but also has ensured that app developers themselves have no reasonable choice but to distribute their apps through the Google Play Store,\" it added.</p><p><blockquote>它补充说：“谷歌不仅瞄准了潜在的竞争应用商店，还确保应用开发者自己没有合理的选择，只能通过谷歌Play商店分发他们的应用。”</blockquote></p><p> Google said last September it would ramp up enforcement of its policies, drawing criticism from app makers. Google's Play Store is far more widely used than similar products from <a href=\"https://laohu8.com/S/AMZN\">Amazon.com</a> Inc(AMZN.O), Samsung Electronics Co Ltd(005930.KS), Huawei Technologies Co Ltd [RIC:RIC:HWT.UL] and others.</p><p><blockquote>谷歌去年9月表示，将加大政策执行力度，招致应用程序制造商的批评。谷歌的Play商店的使用范围远比来自<a href=\"https://laohu8.com/S/AMZN\">亚马逊</a>Inc(AMZN.O)、三星电子有限公司(005930.KS)、华为技术有限公司[RIC：RIC：HWT.UL]等。</blockquote></p><p> The new lawsuit drew praise from Meghan DiMuzio, executive director for the Coalition for App Fairness, which represents companies including <a href=\"https://laohu8.com/S/MTCH\">Match</a> Group Inc(MTCH.O)and Spotify Technology SA(SPOT.N)that oppose some of the Play Store rules.</p><p><blockquote>新诉讼得到了应用公平联盟执行董事梅根·迪穆齐奥(Meghan DiMuzio)的赞扬，该联盟代表的公司包括<a href=\"https://laohu8.com/S/MTCH\">比赛</a>集团公司（MTCH.O）和Spotify Technology SA（SPOT.N）反对Play Store的一些规则。</blockquote></p><p> \"Anti-competitive policies stifle innovation, inhibit consumer freedom, inflate costs, and limit transparent communication between developers and their customers,\" DiMuzio said.</p><p><blockquote>迪穆齐奥说：“反竞争政策扼杀创新，抑制消费者自由，抬高成本，并限制开发商与其客户之间的透明沟通。”</blockquote></p><p> <a href=\"https://laohu8.com/S/AAPL\">Apple</a> Inc's(AAPL.O)App Store for iPhones and iPads imposes similar restrictions to Play Store. Google does enable consumers to avoid the Play Store, but critics say it is not practical to do so.</p><p><blockquote><a href=\"https://laohu8.com/S/AAPL\">苹果</a>Inc.（AAPL.O）的iPhone和iPad应用商店对Play Store施加了类似的限制。谷歌确实使消费者能够避开Play Store，但批评人士表示，这样做不切实际。</blockquote></p><p> Both companies have drawn legal scrutiny.</p><p><blockquote>两家公司都受到了法律审查。</blockquote></p><p> Video game maker Epic Games Inc sued Google and <a href=\"https://laohu8.com/S/AAPL\">Apple</a> separately in federal court in California last year over app store policies. Proposed classes of developers and consumers have joined the cases. A judge's decision in the Apple fight is expected in the coming weeks, and a hearing on Google's effort to dismiss the case against it is scheduled for July 22.</p><p><blockquote>视频游戏制造商Epic Games Inc起诉谷歌和<a href=\"https://laohu8.com/S/AAPL\">苹果</a>去年在加州联邦法院就app store政策单独提起诉讼。提议的开发者和消费者类别已经加入了这些案例。预计法官将在未来几周内对苹果之争做出裁决，并定于7月22日就谷歌驳回针对其的案件举行听证会。</blockquote></p><p> The states' lawsuit is headed by a group including attorneys general of Utah, <a href=\"https://laohu8.com/S/NWY\">New York</a>, North <a href=\"https://laohu8.com/S/CARO\">Carolina</a> and Tennessee, and joined by others including California and the District of Columbia.</p><p><blockquote>各州的诉讼由犹他州总检察长领导，<a href=\"https://laohu8.com/S/NWY\">纽约</a>,北<a href=\"https://laohu8.com/S/CARO\">卡罗莱纳州</a>和田纳西州，以及包括加利福尼亚州和哥伦比亚特区在内的其他州。</blockquote></p><p> Google already faces a federal antitrust lawsuit brought by the Justice Department last year and related lawsuits from two separate groups of attorneys general. One is led by Texas and focused on advertising while the other targets Google's alleged efforts to extend its dominance in search to newer markets, like voice assistants.</p><p><blockquote>谷歌已经面临司法部去年提起的联邦反垄断诉讼，以及两个独立的总检察长团体的相关诉讼。一个由德克萨斯州领导，专注于广告，而另一个则针对谷歌所谓的将其在搜索领域的主导地位扩展到语音助手等新市场的努力。</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>Dozens of U.S. states sue Google over Play Store's 'extravagant commission'<blockquote>美国数十个州就Play Store的“奢侈佣金”起诉谷歌</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\">\nDozens of U.S. states sue Google over Play Store's 'extravagant commission'<blockquote>美国数十个州就Play Store的“奢侈佣金”起诉谷歌</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Reuters</strong><span class=\"h-time small\">2021-07-08 08:30</span>\n</p>\n</h4>\n</header>\n<article>\n<p>WASHINGTON/OAKLAND, Calif., July 7 (Reuters) - Thirty-seven U.S. state and district attorneys general sued <a href=\"https://laohu8.com/S/GOOG\">Alphabet</a> Inc's(GOOGL.O)Google on Wednesday, alleging that the search and advertising giant violates antitrust law in running its app store for Android phones.</p><p><blockquote>路透华盛顿/加州奥克兰7月7日电——美国37名州和地区总检察长提起诉讼<a href=\"https://laohu8.com/S/GOOG\">Alphabet</a>公司（GOOGL.O）周三指控这家搜索和广告巨头在运营其Android手机应用商店时违反了反垄断法。</blockquote></p><p> The lawsuit, <a href=\"https://laohu8.com/S/AONE\">one</a> of a series that has been filed against Google in the <a href=\"https://laohu8.com/S/UBNK\">United</a> States, follows complaints from app developers about the management of its Play Store.</p><p><blockquote>这起诉讼，<a href=\"https://laohu8.com/S/AONE\">一</a>针对谷歌提起的一系列诉讼<a href=\"https://laohu8.com/S/UBNK\">团结的</a>在应用程序开发者抱怨其Play Store的管理之后。</blockquote></p><p> Google did not have immediate comment on the new litigation.</p><p><blockquote>谷歌没有立即对新诉讼发表评论。</blockquote></p><p> Google requires that some apps use the company's payment tools and give Google as much as 30% of digital goods sales.</p><p><blockquote>谷歌要求一些应用使用该公司的支付工具，并给谷歌高达30%的数字商品销售额。</blockquote></p><p> \"To collect and maintain this extravagant commission, Google has employed anticompetitive tactics to diminish and disincentivize competition in Android app distribution,\" the lawsuit stated.</p><p><blockquote>诉讼称：“为了收取和维持这笔奢侈的佣金，谷歌采用了反竞争策略来减少和抑制Android应用程序分发领域的竞争。”</blockquote></p><p> \"Google has not only targeted potentially competing app stores, but also has ensured that app developers themselves have no reasonable choice but to distribute their apps through the Google Play Store,\" it added.</p><p><blockquote>它补充说：“谷歌不仅瞄准了潜在的竞争应用商店，还确保应用开发者自己没有合理的选择，只能通过谷歌Play商店分发他们的应用。”</blockquote></p><p> Google said last September it would ramp up enforcement of its policies, drawing criticism from app makers. Google's Play Store is far more widely used than similar products from <a href=\"https://laohu8.com/S/AMZN\">Amazon.com</a> Inc(AMZN.O), Samsung Electronics Co Ltd(005930.KS), Huawei Technologies Co Ltd [RIC:RIC:HWT.UL] and others.</p><p><blockquote>谷歌去年9月表示，将加大政策执行力度，招致应用程序制造商的批评。谷歌的Play商店的使用范围远比来自<a href=\"https://laohu8.com/S/AMZN\">亚马逊</a>Inc(AMZN.O)、三星电子有限公司(005930.KS)、华为技术有限公司[RIC：RIC：HWT.UL]等。</blockquote></p><p> The new lawsuit drew praise from Meghan DiMuzio, executive director for the Coalition for App Fairness, which represents companies including <a href=\"https://laohu8.com/S/MTCH\">Match</a> Group Inc(MTCH.O)and Spotify Technology SA(SPOT.N)that oppose some of the Play Store rules.</p><p><blockquote>新诉讼得到了应用公平联盟执行董事梅根·迪穆齐奥(Meghan DiMuzio)的赞扬，该联盟代表的公司包括<a href=\"https://laohu8.com/S/MTCH\">比赛</a>集团公司（MTCH.O）和Spotify Technology SA（SPOT.N）反对Play Store的一些规则。</blockquote></p><p> \"Anti-competitive policies stifle innovation, inhibit consumer freedom, inflate costs, and limit transparent communication between developers and their customers,\" DiMuzio said.</p><p><blockquote>迪穆齐奥说：“反竞争政策扼杀创新，抑制消费者自由，抬高成本，并限制开发商与其客户之间的透明沟通。”</blockquote></p><p> <a href=\"https://laohu8.com/S/AAPL\">Apple</a> Inc's(AAPL.O)App Store for iPhones and iPads imposes similar restrictions to Play Store. Google does enable consumers to avoid the Play Store, but critics say it is not practical to do so.</p><p><blockquote><a href=\"https://laohu8.com/S/AAPL\">苹果</a>Inc.（AAPL.O）的iPhone和iPad应用商店对Play Store施加了类似的限制。谷歌确实使消费者能够避开Play Store，但批评人士表示，这样做不切实际。</blockquote></p><p> Both companies have drawn legal scrutiny.</p><p><blockquote>两家公司都受到了法律审查。</blockquote></p><p> Video game maker Epic Games Inc sued Google and <a href=\"https://laohu8.com/S/AAPL\">Apple</a> separately in federal court in California last year over app store policies. Proposed classes of developers and consumers have joined the cases. A judge's decision in the Apple fight is expected in the coming weeks, and a hearing on Google's effort to dismiss the case against it is scheduled for July 22.</p><p><blockquote>视频游戏制造商Epic Games Inc起诉谷歌和<a href=\"https://laohu8.com/S/AAPL\">苹果</a>去年在加州联邦法院就app store政策单独提起诉讼。提议的开发者和消费者类别已经加入了这些案例。预计法官将在未来几周内对苹果之争做出裁决，并定于7月22日就谷歌驳回针对其的案件举行听证会。</blockquote></p><p> The states' lawsuit is headed by a group including attorneys general of Utah, <a href=\"https://laohu8.com/S/NWY\">New York</a>, North <a href=\"https://laohu8.com/S/CARO\">Carolina</a> and Tennessee, and joined by others including California and the District of Columbia.</p><p><blockquote>各州的诉讼由犹他州总检察长领导，<a href=\"https://laohu8.com/S/NWY\">纽约</a>,北<a href=\"https://laohu8.com/S/CARO\">卡罗莱纳州</a>和田纳西州，以及包括加利福尼亚州和哥伦比亚特区在内的其他州。</blockquote></p><p> Google already faces a federal antitrust lawsuit brought by the Justice Department last year and related lawsuits from two separate groups of attorneys general. One is led by Texas and focused on advertising while the other targets Google's alleged efforts to extend its dominance in search to newer markets, like voice assistants.</p><p><blockquote>谷歌已经面临司法部去年提起的联邦反垄断诉讼，以及两个独立的总检察长团体的相关诉讼。一个由德克萨斯州领导，专注于广告，而另一个则针对谷歌所谓的将其在搜索领域的主导地位扩展到语音助手等新市场的努力。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.reuters.com/technology/dozens-us-states-sue-google-alleging-antitrust-violations-2021-07-07/\">Reuters</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09086":"华夏纳指-U","GOOG":"谷歌","03086":"华夏纳指","QNETCN":"纳斯达克中美互联网老虎指数","GOOGL":"谷歌A"},"source_url":"https://www.reuters.com/technology/dozens-us-states-sue-google-alleging-antitrust-violations-2021-07-07/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1133690658","content_text":"WASHINGTON/OAKLAND, Calif., July 7 (Reuters) - Thirty-seven U.S. state and district attorneys general sued Alphabet Inc's(GOOGL.O)Google on Wednesday, alleging that the search and advertising giant violates antitrust law in running its app store for Android phones.\nThe lawsuit, one of a series that has been filed against Google in the United States, follows complaints from app developers about the management of its Play Store.\nGoogle did not have immediate comment on the new litigation.\nGoogle requires that some apps use the company's payment tools and give Google as much as 30% of digital goods sales.\n\"To collect and maintain this extravagant commission, Google has employed anticompetitive tactics to diminish and disincentivize competition in Android app distribution,\" the lawsuit stated.\n\"Google has not only targeted potentially competing app stores, but also has ensured that app developers themselves have no reasonable choice but to distribute their apps through the Google Play Store,\" it added.\nGoogle said last September it would ramp up enforcement of its policies, drawing criticism from app makers. Google's Play Store is far more widely used than similar products from Amazon.com Inc(AMZN.O), Samsung Electronics Co Ltd(005930.KS), Huawei Technologies Co Ltd [RIC:RIC:HWT.UL] and others.\nThe new lawsuit drew praise from Meghan DiMuzio, executive director for the Coalition for App Fairness, which represents companies including Match Group Inc(MTCH.O)and Spotify Technology SA(SPOT.N)that oppose some of the Play Store rules.\n\"Anti-competitive policies stifle innovation, inhibit consumer freedom, inflate costs, and limit transparent communication between developers and their customers,\" DiMuzio said.\nApple Inc's(AAPL.O)App Store for iPhones and iPads imposes similar restrictions to Play Store. Google does enable consumers to avoid the Play Store, but critics say it is not practical to do so.\nBoth companies have drawn legal scrutiny.\nVideo game maker Epic Games Inc sued Google and Apple separately in federal court in California last year over app store policies. Proposed classes of developers and consumers have joined the cases. A judge's decision in the Apple fight is expected in the coming weeks, and a hearing on Google's effort to dismiss the case against it is scheduled for July 22.\nThe states' lawsuit is headed by a group including attorneys general of Utah, New York, North Carolina and Tennessee, and joined by others including California and the District of Columbia.\nGoogle already faces a federal antitrust lawsuit brought by the Justice Department last year and related lawsuits from two separate groups of attorneys general. One is led by Texas and focused on advertising while the other targets Google's alleged efforts to extend its dominance in search to newer markets, like voice assistants.","news_type":1,"symbols_score_info":{"GOOG":0.9,"03086":0.9,"QNETCN":0.9,"GOOGL":0.9,"09086":0.9}},"isVote":1,"tweetType":1,"viewCount":450,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":802227623,"gmtCreate":1627783805662,"gmtModify":1633756443578,"author":{"id":"3578574228106809","authorId":"3578574228106809","name":"DYDFC","avatar":"https://static.tigerbbs.com/886091e1ab80cf468e97e847ef0f3f9d","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578574228106809","idStr":"3578574228106809"},"themes":[],"htmlText":"F","listText":"F","text":"F","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/802227623","repostId":"1149124606","repostType":4,"isVote":1,"tweetType":1,"viewCount":1612,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":801878129,"gmtCreate":1627512816861,"gmtModify":1633764383002,"author":{"id":"3578574228106809","authorId":"3578574228106809","name":"DYDFC","avatar":"https://static.tigerbbs.com/886091e1ab80cf468e97e847ef0f3f9d","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578574228106809","idStr":"3578574228106809"},"themes":[],"htmlText":"F","listText":"F","text":"F","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/801878129","repostId":"1148922985","repostType":4,"isVote":1,"tweetType":1,"viewCount":1976,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":179522287,"gmtCreate":1626566307749,"gmtModify":1633925904735,"author":{"id":"3578574228106809","authorId":"3578574228106809","name":"DYDFC","avatar":"https://static.tigerbbs.com/886091e1ab80cf468e97e847ef0f3f9d","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578574228106809","idStr":"3578574228106809"},"themes":[],"htmlText":"F","listText":"F","text":"F","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/179522287","repostId":"1159574501","repostType":4,"repost":{"id":"1159574501","kind":"news","pubTimestamp":1626484131,"share":"https://www.laohu8.com/m/news/1159574501?lang=zh_CN&edition=full","pubTime":"2021-07-17 09:08","market":"us","language":"en","title":"'Bad Omen' For Meme Stocks And The Retail Trading Boom? Here's What The Data Says<blockquote>迷因股票和零售交易繁荣的“坏兆头”？数据是这么说的</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1159574501","media":"Benzinga","summary":"Social media meme stocks GameStop Corp.(NYSE:GME) and AMC Entertainment Holdings Inc(NYSE:AMC) took ","content":"<p><div> Social media meme stocks GameStop Corp.(NYSE:GME) and AMC Entertainment Holdings Inc(NYSE:AMC) took a beating this week, with GameStop on track to finish the week down 9% and AMC set to lose 20.9% in ...</p><p><blockquote><div>社交媒体meme股票游戏驿站公司（纽约证券交易所代码：GME）和AMC院线控股公司（纽约证券交易所代码：AMC）本周遭受重创，游戏驿站本周将下跌9%，AMC将下跌20.9%。</div></blockquote></p><p>  <a href=\"https://www.benzinga.com/analyst-ratings/analyst-color/21/07/22023662/bad-omen-for-meme-stocks-and-the-retail-trading-boom-heres-what-the-data-says\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.benzinga.com/analyst-ratings/analyst-color/21/07/22023662/bad-omen-for-meme-stocks-and-the-retail-trading-boom-heres-what-the-data-says\">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>'Bad Omen' For Meme Stocks And The Retail Trading Boom? Here's What The Data Says<blockquote>迷因股票和零售交易繁荣的“坏兆头”？数据是这么说的</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\">\n'Bad Omen' For Meme Stocks And The Retail Trading Boom? Here's What The Data Says<blockquote>迷因股票和零售交易繁荣的“坏兆头”？数据是这么说的</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Benzinga</strong><span class=\"h-time small\">2021-07-17 09:08</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> Social media meme stocks GameStop Corp.(NYSE:GME) and AMC Entertainment Holdings Inc(NYSE:AMC) took a beating this week, with GameStop on track to finish the week down 9% and AMC set to lose 20.9% in ...</p><p><blockquote><div>社交媒体meme股票游戏驿站公司（纽约证券交易所代码：GME）和AMC院线控股公司（纽约证券交易所代码：AMC）本周遭受重创，游戏驿站本周将下跌9%，AMC将下跌20.9%。</div></blockquote></p><p>  <a href=\"https://www.benzinga.com/analyst-ratings/analyst-color/21/07/22023662/bad-omen-for-meme-stocks-and-the-retail-trading-boom-heres-what-the-data-says\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.benzinga.com/analyst-ratings/analyst-color/21/07/22023662/bad-omen-for-meme-stocks-and-the-retail-trading-boom-heres-what-the-data-says\">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/analyst-ratings/analyst-color/21/07/22023662/bad-omen-for-meme-stocks-and-the-retail-trading-boom-heres-what-the-data-says\">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":{"TLRY":"Tilray Inc.","AMC":"AMC院线","GME":"游戏驿站"},"source_url":"https://www.benzinga.com/analyst-ratings/analyst-color/21/07/22023662/bad-omen-for-meme-stocks-and-the-retail-trading-boom-heres-what-the-data-says","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1159574501","content_text":"Social media meme stocks GameStop Corp.(NYSE:GME) and AMC Entertainment Holdings Inc(NYSE:AMC) took a beating this week, with GameStop on track to finish the week down 9% and AMC set to lose 20.9% in Friday afternoon trading.\nDataTrek Research co-founder Nicholas Colas said this week there is an ominous sign the meme stock phenomenon may be dying a slow death.\nRetail Trading Boom:DataTrek has been periodically tracking the boom in retail traders triggered during the pandemic in 2020 and 2021 by monitoring U.S. Google search volume for the keywords “invest” and “buy stock.” Colas said these basic search terms are a broad way to gauge marginal retail investor interest in the stock market.\nThe image below shows how search volume for those key phrases has changed since the beginning of 2020.\n\nColas said the search volume data clearly indicates the retail stock trading fad is completely over at this point, a “very bad omen” for AMC and GameStop. In fact, Google search volume is now back down to where it was before the pandemic started in early 2020.\nIn addition, search volumes are now down 75% from their peak levels during the initial short squeezes in AMC and GameStop back in January 2021.\nColas said meme stocks like AMC need new retail stock traders to join in the buying to support their stock prices else they could be headed for more volatility like they have experienced this week.\n“Bubbles need fresh money, or they deflate. Quickly,” Colas wrote. “Every craze needs new adherents (i.e., not just the same crowd) to keep it relevant, and the Google chart shows those are in increasingly short supply.”\nPMP Weighs In:Benzinga PreMarket Prep co-host Dennis Dick said a good story can carry a stock a long way, and some stocks can even become so hot that they become temporarily disconnected from the company’s underlying fundamentals.\n“We have seen that in a number of meme stocks this year. Story can drive price in the short run but stocks almost always return back to their fundamental value in the long run,” Dick said.\nThe type of disconnect between share price and underlying value that AMC and GameStop have experienced in 2021 is certainly nothing new. Canadian cannabis stock Tilray Inc(NASDAQ:TLRY) experienced a similar disconnect back in 2018 when a retail stock mania sent the stock skyrocketing up to $300. Today, Tilray is trading back down at around $13.90.\n“As the stock price begins to fall, momentum traders who have been chasing the hot story will begin to exit. But if the stock trades at an extreme valuation, there may be very few traders willing to buy. This is what we are starting to see in many meme stocks today,” Dick said.\nBenzinga's Take:If the story begins to get hot again, the stock prices of overvalued story stocks can always recover once again. But without any underlying fundamentals to support the valuation, these types of stocks need a constant stream of new buyers and an increasingly bullish story to generate fresh enthusiasm.","news_type":1,"symbols_score_info":{"AMC":0.9,"TLRY":0.9,"GME":0.9}},"isVote":1,"tweetType":1,"viewCount":520,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":141290409,"gmtCreate":1625873578701,"gmtModify":1633936603214,"author":{"id":"3578574228106809","authorId":"3578574228106809","name":"DYDFC","avatar":"https://static.tigerbbs.com/886091e1ab80cf468e97e847ef0f3f9d","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578574228106809","idStr":"3578574228106809"},"themes":[],"htmlText":"F","listText":"F","text":"F","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/141290409","repostId":"1103507901","repostType":4,"isVote":1,"tweetType":1,"viewCount":273,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":143237657,"gmtCreate":1625795524179,"gmtModify":1633937247455,"author":{"id":"3578574228106809","authorId":"3578574228106809","name":"DYDFC","avatar":"https://static.tigerbbs.com/886091e1ab80cf468e97e847ef0f3f9d","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578574228106809","idStr":"3578574228106809"},"themes":[],"htmlText":"F","listText":"F","text":"F","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/143237657","repostId":"2150032590","repostType":4,"isVote":1,"tweetType":1,"viewCount":317,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":808439381,"gmtCreate":1627605165043,"gmtModify":1633757898371,"author":{"id":"3578574228106809","authorId":"3578574228106809","name":"DYDFC","avatar":"https://static.tigerbbs.com/886091e1ab80cf468e97e847ef0f3f9d","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578574228106809","idStr":"3578574228106809"},"themes":[],"htmlText":"F","listText":"F","text":"F","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/808439381","repostId":"1131907757","repostType":4,"isVote":1,"tweetType":1,"viewCount":1735,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":809048119,"gmtCreate":1627341929031,"gmtModify":1633766037886,"author":{"id":"3578574228106809","authorId":"3578574228106809","name":"DYDFC","avatar":"https://static.tigerbbs.com/886091e1ab80cf468e97e847ef0f3f9d","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578574228106809","idStr":"3578574228106809"},"themes":[],"htmlText":"F","listText":"F","text":"F","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/809048119","repostId":"1117559759","repostType":4,"isVote":1,"tweetType":1,"viewCount":1632,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":800374389,"gmtCreate":1627283068041,"gmtModify":1633766542631,"author":{"id":"3578574228106809","authorId":"3578574228106809","name":"DYDFC","avatar":"https://static.tigerbbs.com/886091e1ab80cf468e97e847ef0f3f9d","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578574228106809","idStr":"3578574228106809"},"themes":[],"htmlText":"F","listText":"F","text":"F","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/800374389","repostId":"2154531659","repostType":4,"isVote":1,"tweetType":1,"viewCount":2194,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":177150008,"gmtCreate":1627188755404,"gmtModify":1633767296961,"author":{"id":"3578574228106809","authorId":"3578574228106809","name":"DYDFC","avatar":"https://static.tigerbbs.com/886091e1ab80cf468e97e847ef0f3f9d","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578574228106809","idStr":"3578574228106809"},"themes":[],"htmlText":"F","listText":"F","text":"F","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/177150008","repostId":"2153936352","repostType":4,"isVote":1,"tweetType":1,"viewCount":1503,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":175089630,"gmtCreate":1626998491120,"gmtModify":1633768994609,"author":{"id":"3578574228106809","authorId":"3578574228106809","name":"DYDFC","avatar":"https://static.tigerbbs.com/886091e1ab80cf468e97e847ef0f3f9d","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578574228106809","idStr":"3578574228106809"},"themes":[],"htmlText":"F","listText":"F","text":"F","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/175089630","repostId":"1151614377","repostType":4,"repost":{"id":"1151614377","kind":"news","pubTimestamp":1626959882,"share":"https://www.laohu8.com/m/news/1151614377?lang=zh_CN&edition=full","pubTime":"2021-07-22 21:18","market":"us","language":"en","title":"Blackstone Earnings Rise as Growth Strategy Boosts Portfolio<blockquote>随着增长战略增强投资组合，黑石盈利上升</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1151614377","media":"The Wall Street Journal","summary":"The private-equity firm posted second-quarter net income of $1.31 billion.\n\nBlackstone GroupInc.’sBX","content":"<p>  The private-equity firm posted second-quarter net income of $1.31 billion.  Blackstone GroupInc.’sBX1.88%earnings jumped in the second quarter, propelled by record appreciation in the value of its investments.</p><p><blockquote>这家私募股权公司公布第二季度净利润为13.1亿美元。在投资价值创纪录升值的推动下，Blackstone GroupInc.第二季度sBX1.88%盈利跃升。</blockquote></p><p> The private-equity firm posted second-quarter net income of $1.31 billion, or $1.82 a share, it said Thursday. That compares with a profit of $568.3 million, or 81 cents a share, a year earlier.</p><p><blockquote>该私募股权公司周四表示，第二季度净利润为13.1亿美元，即每股1.82美元。相比之下，去年同期的利润为5.683亿美元，即每股81美分。</blockquote></p><p> The value of Blackstone’s private-equity portfolio climbed by 13.8% in the latest period, exceeding the roughly 8% gain for the S&amp;P 500. Combined fund appreciation across its various business lines was the highest in the history of the firm.</p><p><blockquote>黑石私募股权投资组合的价值在最近一段时间内攀升了13.8%，超过了标普500约8%的涨幅。其各个业务线的综合基金增值是该公司历史上最高的。</blockquote></p><p> Aiding the strong performance was Blackstone’s recent emphasis on putting money into fast-growing companies. Initial public offerings of outsourcing companyTaskUsInc.and Indian electric-vehicle components manufacturerSona BLW Precision ForgingsLtd.pushed up the firm’s private-equity portfolio, while sales of last-mile logistics properties in the U.S. and Australia helped boost its real-estate holdings.</p><p><blockquote>黑石最近强调向快速增长的公司投入资金，这有助于其强劲的业绩。外包公司TaskusInc.和印度电动汽车零部件制造商Sona BLW Precision ForgingsLtd.的首次公开募股推高了该公司的私募股权投资组合，而美国和澳大利亚最后一英里物流资产的销售有助于增加其房地产持股。</blockquote></p><p>   ‘The pivot into good neighborhoods has really paid off.’— Jonathan Gray, Blackstone  Blackstone President Jonathan Gray has encouraged the firm’s business heads tothink more thematicallyabout investing, identifying global trends and finding ways to put money to work in areas that would benefit from them. Among these are logistics, software, digital payments and life sciences, areas of the economy that are experiencing outsize growth.</p><p><blockquote>“向良好社区的转变确实得到了回报。”——Jonathan Gray，Blackstone黑石总裁Jonathan Gray鼓励公司的业务负责人更多地思考投资主题，识别全球趋势，并找到将资金投入到受益领域的方法从中受益。其中包括物流、软件、数字支付和生命科学，这些经济领域正在经历巨大的增长。</blockquote></p><p> “The pivot into good neighborhoods has really paid off,” Mr. Gray said in an interview.</p><p><blockquote>“向良好社区的转变确实得到了回报，”格雷先生在接受采访时说。</blockquote></p><p> Blackstone’s distributable earnings, or the amount of cash that could be returned to shareholders, came in at $1.07 billion, or 82 cents a share, in the quarter. That compares with $548 million, or 43 cents a share, a year earlier.</p><p><blockquote>黑石本季度的可分配收益（即可以返还给股东的现金金额）为10.7亿美元，即每股82美分。相比之下，一年前为5.48亿美元，即每股43美分。</blockquote></p><p> The firm said it would pay a dividend of 70 cents a share for the quarter, versus 37 cents in the second quarter of 2020.</p><p><blockquote>该公司表示，本季度将支付每股70美分的股息，而2020年第二季度为37美分。</blockquote></p><p> Blackstone invested $23.8 billion during the second quarter and committed to an additional $28.5 billion, another record. Among its commitments was a June agreement to partner with rivals Carlyle Group Inc. and Hellman &amp; Friedman LLC in adeal for Medline Industries Inc.that values the medical-equipment supplier at more than $30 billion and represents the largest leveraged buyout since the financial crisis.</p><p><blockquote>Blackstone在第二季度投资了238亿美元，并承诺额外投资285亿美元，再创历史新高。其承诺之一是6月份与竞争对手凯雷集团(Carlyle Group Inc.)和Hellman&amp;Friedman LLC合作收购Medline Industries Inc.。该协议对这家医疗设备供应商的估值超过300亿美元，是金融危机以来最大的杠杆收购。</blockquote></p><p> Blackstone’s infrastructure business and nontraded real-estate investment trustalso struck a deal to acquiredata-center operator QTS Realty Trust Inc. for $6.7 billion.</p><p><blockquote>Blackstone的基础设施业务和非交易房地产投资信托公司也达成协议，以67亿美元收购数据中心运营商QTS Realty Trust Inc.。</blockquote></p><p> The firm had inflows of $37.3 billion in the quarter, with much of that coming from its credit business and its giant Core+ real-estate strategy.</p><p><blockquote>该公司本季度的资金流入为373亿美元，其中大部分来自其信贷业务及其庞大的Core+房地产战略。</blockquote></p><p> Assets under management rose 21% over the prior year to $684 billion. So-called perpetual capital, which generates a steady stream of locked-in fees because it doesn’t need to be returned to investors as quickly, climbed 55% year-over-year to $169.5 billion.</p><p><blockquote>管理资产较上年增长21%，达到6840亿美元。所谓的永续资本同比增长55%，达到1,695亿美元，因为不需要很快返还给投资者，因此会产生稳定的锁定费用。</blockquote></p><p> That figure is set to rise, thanks in part to a sweeping partnership Blackstone announced last week with insurance companyAmerican International GroupInc.The investment firm will manage a portion of AIG’s assets and will pay$2.2 billion for a 9.9% stakein its life-insurance and retirement-services unit. The deal is set to push Blackstone’s insurance assets under management to about $150 billion by the end of 2021.</p><p><blockquote>这一数字还会上升，部分原因是黑石集团上周宣布与保险公司美国国际集团公司建立全面合作伙伴关系。该投资公司将管理AIG的部分资产，并将支付22亿美元购买其人寿保险和退休服务部门9.9%的股份。到2021年底，该交易将使黑石管理的保险资产达到约1500亿美元。</blockquote></p><p> “It really encapsulates the evolution of our business,” Mr. Gray said of the AIG arrangement.</p><p><blockquote>“它确实概括了我们业务的演变，”格雷先生在谈到AIG的安排时说道。</blockquote></p><p> A decade of low interest rates and strong performance has prompted the firm to venture beyond its traditional focus on investing institutional money, he said.</p><p><blockquote>他表示，十年的低利率和强劲业绩促使该公司超越传统的机构资金投资重点。</blockquote></p><p> The combined market opportunity in insurance and retail is worth significantly more, he said.</p><p><blockquote>他表示，保险和零售业的市场机会价值要高得多。</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>Blackstone Earnings Rise as Growth Strategy Boosts Portfolio<blockquote>随着增长战略增强投资组合，黑石盈利上升</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\">\nBlackstone Earnings Rise as Growth Strategy Boosts Portfolio<blockquote>随着增长战略增强投资组合，黑石盈利上升</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">The Wall Street Journal</strong><span class=\"h-time small\">2021-07-22 21:18</span>\n</p>\n</h4>\n</header>\n<article>\n<p>  The private-equity firm posted second-quarter net income of $1.31 billion.  Blackstone GroupInc.’sBX1.88%earnings jumped in the second quarter, propelled by record appreciation in the value of its investments.</p><p><blockquote>这家私募股权公司公布第二季度净利润为13.1亿美元。在投资价值创纪录升值的推动下，Blackstone GroupInc.第二季度sBX1.88%盈利跃升。</blockquote></p><p> The private-equity firm posted second-quarter net income of $1.31 billion, or $1.82 a share, it said Thursday. That compares with a profit of $568.3 million, or 81 cents a share, a year earlier.</p><p><blockquote>该私募股权公司周四表示，第二季度净利润为13.1亿美元，即每股1.82美元。相比之下，去年同期的利润为5.683亿美元，即每股81美分。</blockquote></p><p> The value of Blackstone’s private-equity portfolio climbed by 13.8% in the latest period, exceeding the roughly 8% gain for the S&amp;P 500. Combined fund appreciation across its various business lines was the highest in the history of the firm.</p><p><blockquote>黑石私募股权投资组合的价值在最近一段时间内攀升了13.8%，超过了标普500约8%的涨幅。其各个业务线的综合基金增值是该公司历史上最高的。</blockquote></p><p> Aiding the strong performance was Blackstone’s recent emphasis on putting money into fast-growing companies. Initial public offerings of outsourcing companyTaskUsInc.and Indian electric-vehicle components manufacturerSona BLW Precision ForgingsLtd.pushed up the firm’s private-equity portfolio, while sales of last-mile logistics properties in the U.S. and Australia helped boost its real-estate holdings.</p><p><blockquote>黑石最近强调向快速增长的公司投入资金，这有助于其强劲的业绩。外包公司TaskusInc.和印度电动汽车零部件制造商Sona BLW Precision ForgingsLtd.的首次公开募股推高了该公司的私募股权投资组合，而美国和澳大利亚最后一英里物流资产的销售有助于增加其房地产持股。</blockquote></p><p>   ‘The pivot into good neighborhoods has really paid off.’— Jonathan Gray, Blackstone  Blackstone President Jonathan Gray has encouraged the firm’s business heads tothink more thematicallyabout investing, identifying global trends and finding ways to put money to work in areas that would benefit from them. Among these are logistics, software, digital payments and life sciences, areas of the economy that are experiencing outsize growth.</p><p><blockquote>“向良好社区的转变确实得到了回报。”——Jonathan Gray，Blackstone黑石总裁Jonathan Gray鼓励公司的业务负责人更多地思考投资主题，识别全球趋势，并找到将资金投入到受益领域的方法从中受益。其中包括物流、软件、数字支付和生命科学，这些经济领域正在经历巨大的增长。</blockquote></p><p> “The pivot into good neighborhoods has really paid off,” Mr. Gray said in an interview.</p><p><blockquote>“向良好社区的转变确实得到了回报，”格雷先生在接受采访时说。</blockquote></p><p> Blackstone’s distributable earnings, or the amount of cash that could be returned to shareholders, came in at $1.07 billion, or 82 cents a share, in the quarter. That compares with $548 million, or 43 cents a share, a year earlier.</p><p><blockquote>黑石本季度的可分配收益（即可以返还给股东的现金金额）为10.7亿美元，即每股82美分。相比之下，一年前为5.48亿美元，即每股43美分。</blockquote></p><p> The firm said it would pay a dividend of 70 cents a share for the quarter, versus 37 cents in the second quarter of 2020.</p><p><blockquote>该公司表示，本季度将支付每股70美分的股息，而2020年第二季度为37美分。</blockquote></p><p> Blackstone invested $23.8 billion during the second quarter and committed to an additional $28.5 billion, another record. Among its commitments was a June agreement to partner with rivals Carlyle Group Inc. and Hellman &amp; Friedman LLC in adeal for Medline Industries Inc.that values the medical-equipment supplier at more than $30 billion and represents the largest leveraged buyout since the financial crisis.</p><p><blockquote>Blackstone在第二季度投资了238亿美元，并承诺额外投资285亿美元，再创历史新高。其承诺之一是6月份与竞争对手凯雷集团(Carlyle Group Inc.)和Hellman&amp;Friedman LLC合作收购Medline Industries Inc.。该协议对这家医疗设备供应商的估值超过300亿美元，是金融危机以来最大的杠杆收购。</blockquote></p><p> Blackstone’s infrastructure business and nontraded real-estate investment trustalso struck a deal to acquiredata-center operator QTS Realty Trust Inc. for $6.7 billion.</p><p><blockquote>Blackstone的基础设施业务和非交易房地产投资信托公司也达成协议，以67亿美元收购数据中心运营商QTS Realty Trust Inc.。</blockquote></p><p> The firm had inflows of $37.3 billion in the quarter, with much of that coming from its credit business and its giant Core+ real-estate strategy.</p><p><blockquote>该公司本季度的资金流入为373亿美元，其中大部分来自其信贷业务及其庞大的Core+房地产战略。</blockquote></p><p> Assets under management rose 21% over the prior year to $684 billion. So-called perpetual capital, which generates a steady stream of locked-in fees because it doesn’t need to be returned to investors as quickly, climbed 55% year-over-year to $169.5 billion.</p><p><blockquote>管理资产较上年增长21%，达到6840亿美元。所谓的永续资本同比增长55%，达到1,695亿美元，因为不需要很快返还给投资者，因此会产生稳定的锁定费用。</blockquote></p><p> That figure is set to rise, thanks in part to a sweeping partnership Blackstone announced last week with insurance companyAmerican International GroupInc.The investment firm will manage a portion of AIG’s assets and will pay$2.2 billion for a 9.9% stakein its life-insurance and retirement-services unit. The deal is set to push Blackstone’s insurance assets under management to about $150 billion by the end of 2021.</p><p><blockquote>这一数字还会上升，部分原因是黑石集团上周宣布与保险公司美国国际集团公司建立全面合作伙伴关系。该投资公司将管理AIG的部分资产，并将支付22亿美元购买其人寿保险和退休服务部门9.9%的股份。到2021年底，该交易将使黑石管理的保险资产达到约1500亿美元。</blockquote></p><p> “It really encapsulates the evolution of our business,” Mr. Gray said of the AIG arrangement.</p><p><blockquote>“它确实概括了我们业务的演变，”格雷先生在谈到AIG的安排时说道。</blockquote></p><p> A decade of low interest rates and strong performance has prompted the firm to venture beyond its traditional focus on investing institutional money, he said.</p><p><blockquote>他表示，十年的低利率和强劲业绩促使该公司超越传统的机构资金投资重点。</blockquote></p><p> The combined market opportunity in insurance and retail is worth significantly more, he said.</p><p><blockquote>他表示，保险和零售业的市场机会价值要高得多。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.wsj.com/articles/blackstone-earnings-rise-as-growth-strategy-boosts-portfolio-11626951596?mod=hp_lead_pos4\">The Wall Street Journal</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BX":"黑石"},"source_url":"https://www.wsj.com/articles/blackstone-earnings-rise-as-growth-strategy-boosts-portfolio-11626951596?mod=hp_lead_pos4","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1151614377","content_text":"The private-equity firm posted second-quarter net income of $1.31 billion.\n\nBlackstone GroupInc.’sBX1.88%earnings jumped in the second quarter, propelled by record appreciation in the value of its investments.\nThe private-equity firm posted second-quarter net income of $1.31 billion, or $1.82 a share, it said Thursday. That compares with a profit of $568.3 million, or 81 cents a share, a year earlier.\nThe value of Blackstone’s private-equity portfolio climbed by 13.8% in the latest period, exceeding the roughly 8% gain for the S&P 500. Combined fund appreciation across its various business lines was the highest in the history of the firm.\nAiding the strong performance was Blackstone’s recent emphasis on putting money into fast-growing companies. Initial public offerings of outsourcing companyTaskUsInc.and Indian electric-vehicle components manufacturerSona BLW Precision ForgingsLtd.pushed up the firm’s private-equity portfolio, while sales of last-mile logistics properties in the U.S. and Australia helped boost its real-estate holdings.\n\n ‘The pivot into good neighborhoods has really paid off.’— Jonathan Gray, Blackstone\n\nBlackstone President Jonathan Gray has encouraged the firm’s business heads tothink more thematicallyabout investing, identifying global trends and finding ways to put money to work in areas that would benefit from them. Among these are logistics, software, digital payments and life sciences, areas of the economy that are experiencing outsize growth.\n“The pivot into good neighborhoods has really paid off,” Mr. Gray said in an interview.\nBlackstone’s distributable earnings, or the amount of cash that could be returned to shareholders, came in at $1.07 billion, or 82 cents a share, in the quarter. That compares with $548 million, or 43 cents a share, a year earlier.\nThe firm said it would pay a dividend of 70 cents a share for the quarter, versus 37 cents in the second quarter of 2020.\nBlackstone invested $23.8 billion during the second quarter and committed to an additional $28.5 billion, another record. Among its commitments was a June agreement to partner with rivals Carlyle Group Inc. and Hellman & Friedman LLC in adeal for Medline Industries Inc.that values the medical-equipment supplier at more than $30 billion and represents the largest leveraged buyout since the financial crisis.\nBlackstone’s infrastructure business and nontraded real-estate investment trustalso struck a deal to acquiredata-center operator QTS Realty Trust Inc. for $6.7 billion.\nThe firm had inflows of $37.3 billion in the quarter, with much of that coming from its credit business and its giant Core+ real-estate strategy.\nAssets under management rose 21% over the prior year to $684 billion. So-called perpetual capital, which generates a steady stream of locked-in fees because it doesn’t need to be returned to investors as quickly, climbed 55% year-over-year to $169.5 billion.\nThat figure is set to rise, thanks in part to a sweeping partnership Blackstone announced last week with insurance companyAmerican International GroupInc.The investment firm will manage a portion of AIG’s assets and will pay$2.2 billion for a 9.9% stakein its life-insurance and retirement-services unit. The deal is set to push Blackstone’s insurance assets under management to about $150 billion by the end of 2021.\n“It really encapsulates the evolution of our business,” Mr. Gray said of the AIG arrangement.\nA decade of low interest rates and strong performance has prompted the firm to venture beyond its traditional focus on investing institutional money, he said.\nThe combined market opportunity in insurance and retail is worth significantly more, he said.","news_type":1,"symbols_score_info":{"BX":0.9}},"isVote":1,"tweetType":1,"viewCount":1343,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}