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Motivator

Motivator

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2021-12-14

Thanks for sharing

Singapore Stock Market May Take Further Damage On Tuesday<blockquote>新加坡股市周二可能进一步受损</blockquote>

2021-12-03

发生什么事？

Alibaba shares fell nearly 9%, hitting a 52 week low<blockquote>阿里巴巴-SW股价下跌近9%，创52周新低</blockquote>

2021-11-21

Good employer

抱歉，原内容已删除

2021-11-21

Tell me your opinion about this news...

抱歉，原内容已删除

2021-11-19

Ya, cannot buy

抱歉，原内容已删除

2021-11-16

I buy shares that I know only

抱歉，原内容已删除

2021-11-13

Apple is for long term holding

Apple: The Bear Argument, And Why It's Wrong<blockquote>苹果：熊的论点，以及为什么它是错误的</blockquote>

2021-11-10

$OVERSEA-CHINESE BANKING CORP(O39.SI)$Hold for mid term

2021-11-10

$SATS LTD.(S58.SI)$hold for mid to long term

2021-11-10

$CHINA OVERSEAS(00688)$Wait for it to decline

2021-11-10

😢

Toplines Before US Market Open on Wednesday<blockquote>周三美国市场开盘前的顶线</blockquote>

2021-11-09

👍 is

WHO warns of shortage of 1-2 billion Covid-19 vaccine syringes<blockquote>世卫组织警告1-20亿支Covid-19疫苗注射器短缺</blockquote>

2021-11-09

$CHINA MOBILE(00941)$Will acquire more shares if price drop below 47.5

2021-11-08

$SATS LTD.(S58.SI)$Right acquisition 😊

2021-11-08

$PING AN(02318)$To observe… if price stable, can acquire this stock

2021-11-07

$Alibaba(09988)$I will buy when it drop more

2021-11-06

$CHINA MOBILE(00941)$happy w my buying… aim to hold mid to long term

2021-11-06

$Taiwan Semiconductor Manufacturing(TSM)$Long term

2021-11-04

Buying stocks is a risky investment. I suggest to allocate not more than 50% of wealth in it.

抱歉，原内容已删除

2021-11-04

$XIAOMI-W(01810)$Will get in when Xiomi drops to 20 and below

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for sharing&nbsp;","listText":"Thanks for sharing&nbsp;","text":"Thanks for sharing","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/604450991","repostId":"1153452688","repostType":2,"repost":{"id":"1153452688","kind":"news","pubTimestamp":1639440450,"share":"https://www.laohunote.com/m/news/1153452688?lang=zh_CN&edition=full","pubTime":"2021-12-14 08:07","market":"sg","language":"en","title":"Singapore Stock Market May Take Further Damage On Tuesday<blockquote>新加坡股市周二可能进一步受损</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1153452688","media":"RTTNews","summary":"The Singapore stock market has finished lower in two straight sessions, sinking more than 20 points ","content":"<p>The Singapore stock market has finished lower in two straight sessions, sinking more than 20 points or 0.7 percent along the way. The Straits Times Index now sits just beneath the 3,120-point plateau and it may extend its losses on Tuesday.</p><p><blockquote>新加坡股市连续两个交易日收低，一路下跌超过20点或0.7%。海峡时报指数目前略低于 3,120 点的平台位，周二可能会扩大跌幅。</blockquote></p><p> The global forecast for the Asian&nbsp;markets&nbsp;is negative, likely led lower by weakness from the oil and technology stocks. The European and U.S. markets were down and the Asian bourses are tipped to follow that lead.</p><p><blockquote>亚洲市场的全球预测是负面的，可能是石油和科技股的疲软导致下跌。欧洲和美国市场下跌，亚洲股市预计也将跟随这一趋势。</blockquote></p><p> The STI finished modestly lower on Monday as losses from the financial shares and industrials were mitigated by support from the property sector.</p><p><blockquote>由于房地产行业的支撑缓解了金融股和工业股的跌幅，STI 周一小幅收低。</blockquote></p><p> For the day, the index lost 15.66 points or 0.50 percent to finish at the daily low of 3,119.95 after peaking at 3,161.95. Volume was 1.7 billion shares worth 848.3 million Singapore dollars. There were 253 decliners and 202 gainers.</p><p><blockquote>当天，该指数下跌 15.66 点或 0.50%，在触及 3,161.95 点的峰值后，收于 3,119.95 点的日低点。成交量为17亿股，价值8.483亿新加坡元。下跌者253人，上涨者202人。</blockquote></p><p> Among the actives, Ascendas REIT skidded 0.68 percent, while CapitaLand Integrated Commercial Trust added 0.49 percent, City Developments advanced 0.72 percent, Dairy Farm International plunged 1.34 percent, DBS Group eased 0.19 percent, Genting Singapore sank 0.63 percent, Keppel Corp tanked 1.15 percent, Mapletree Commercial Trust surrendered 0.98 percent, Mapletree Logistics Trust tumbled 1.05 percent, Oversea-Chinese Banking Corporation fell 0.44 percent, SATS shed 0.51 percent, SembCorp Industries plummeted 2.49 percent, Singapore Airlines rose 0.20 percent, Singapore Exchange dropped 0.53 percent, Singapore Technologies Engineering slid 0.26 percent, SingTel retreated 0.82 percent, Thai Beverage jumped 1.50 percent, United Overseas Bank declined 0.86 percent, Wilmar International lost 0.48 percent and Comfort DelGro, Yangzijiang Shipbuilding, Singapore Press Holdings and Hongkong Land were unchanged.</p><p><blockquote>资产中，Ascendas REIT下跌0.68%，凯德综合商业信托上涨0.49%，City Developments上涨0.72%，Dairy Farm International暴跌1.34%，星展集团下跌0.19%，云顶新加坡下跌0.63%，吉宝公司下跌1.15%，丰树商业信托放弃0.98%，丰树物流信托暴跌1.05%，华侨银行下跌0.44%，SATS下跌0.51%，胜科实业暴跌2.49%，新加坡航空公司上涨0.20%，新加坡交易所下跌0.53%，新加坡科技工程下跌0.26%，新加坡电信下跌0.82%，泰国饮料上涨1.50%，大华银行下跌0.86%，丰益国际下跌0.48%，康富德高</blockquote></p><p> The lead from Wall Street is soft as the major averages opened in the red on Monday and stayed under water throughout the trading day.</p><p><blockquote>华尔街的领先优势疲软，主要股指周一开盘下跌，整个交易日都处于水下。</blockquote></p><p> The Dow tumbled 320.04 points or 0.89 percent to finish at 35,650.95, while the NASDAQ sank 217.32 points or 1.39 percent to close at 15,413.28 and the S&amp;P 500 lost 43.05 points or 0.91 percent to end at 4,668.97.</p><p><blockquote>道琼斯指数下跌320.04点，跌幅0.89%，收于35650.95点；纳斯达克指数下跌217.32点，跌幅1.39%，收于15413.28点；标普500指数下跌43.05点，跌幅0.91%，收于4668.97点。</blockquote></p><p> The pullback on Wall Street reflected profit taking, as traders cashed in on some of the strength in the markets last week. The major averages all moved sharply higher last week, with the S&amp;P 500 ending last Friday's trading at a new record closing high.</p><p><blockquote>华尔街的回调反映了获利了结，因为交易员利用了上周市场的一些强势。主要平均指数上周均大幅走高，标普500指数上周五收盘创下收盘新高。</blockquote></p><p> Traders may also have been moving money out of stocks and into safer havens ahead of the Federal Reserve's money policy announcement on Wednesday.</p><p><blockquote>在美联储周三宣布货币政策之前，交易员也可能将资金从股票中转移到更安全的避风港。</blockquote></p><p> The Fed is expected to discuss accelerating the pace of tapering its asset purchase program, with reports suggesting the central bank could double the rate to $30 billion per month.</p><p><blockquote>预计美联储将讨论加快缩减资产购买计划的步伐，有报道称美联储可能会将利率增加一倍，达到每月 300 亿美元。</blockquote></p><p> Crude oil futures settled lower on Monday on concerns about the outlook for energy demand amid worries about the impact of the Omicron variant of the&nbsp;coronavirus. West Texas Intermediate Crude oil futures for January ended down by $0.38 or 0.5 percent at $71.29 a barrel.</p><p><blockquote>由于担心冠状病毒奥密克戎变种的影响，对能源需求前景的担忧，原油期货周一收低。1月份西德克萨斯中质原油期货收盘下跌0.38美元，跌幅0.5%，至每桶71.29美元。</blockquote></p><p></p>","source":"lsy1626938412129","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>Singapore Stock Market May Take Further Damage On Tuesday<blockquote>新加坡股市周二可能进一步受损</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\">\nSingapore Stock Market May Take Further Damage On Tuesday<blockquote>新加坡股市周二可能进一步受损</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">RTTNews</strong><span class=\"h-time small\">2021-12-14 08:07</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The Singapore stock market has finished lower in two straight sessions, sinking more than 20 points or 0.7 percent along the way. The Straits Times Index now sits just beneath the 3,120-point plateau and it may extend its losses on Tuesday.</p><p><blockquote>新加坡股市连续两个交易日收低，一路下跌超过20点或0.7%。海峡时报指数目前略低于 3,120 点的平台位，周二可能会扩大跌幅。</blockquote></p><p> The global forecast for the Asian&nbsp;markets&nbsp;is negative, likely led lower by weakness from the oil and technology stocks. The European and U.S. markets were down and the Asian bourses are tipped to follow that lead.</p><p><blockquote>亚洲市场的全球预测是负面的，可能是石油和科技股的疲软导致下跌。欧洲和美国市场下跌，亚洲股市预计也将跟随这一趋势。</blockquote></p><p> The STI finished modestly lower on Monday as losses from the financial shares and industrials were mitigated by support from the property sector.</p><p><blockquote>由于房地产行业的支撑缓解了金融股和工业股的跌幅，STI 周一小幅收低。</blockquote></p><p> For the day, the index lost 15.66 points or 0.50 percent to finish at the daily low of 3,119.95 after peaking at 3,161.95. Volume was 1.7 billion shares worth 848.3 million Singapore dollars. There were 253 decliners and 202 gainers.</p><p><blockquote>当天，该指数下跌 15.66 点或 0.50%，在触及 3,161.95 点的峰值后，收于 3,119.95 点的日低点。成交量为17亿股，价值8.483亿新加坡元。下跌者253人，上涨者202人。</blockquote></p><p> Among the actives, Ascendas REIT skidded 0.68 percent, while CapitaLand Integrated Commercial Trust added 0.49 percent, City Developments advanced 0.72 percent, Dairy Farm International plunged 1.34 percent, DBS Group eased 0.19 percent, Genting Singapore sank 0.63 percent, Keppel Corp tanked 1.15 percent, Mapletree Commercial Trust surrendered 0.98 percent, Mapletree Logistics Trust tumbled 1.05 percent, Oversea-Chinese Banking Corporation fell 0.44 percent, SATS shed 0.51 percent, SembCorp Industries plummeted 2.49 percent, Singapore Airlines rose 0.20 percent, Singapore Exchange dropped 0.53 percent, Singapore Technologies Engineering slid 0.26 percent, SingTel retreated 0.82 percent, Thai Beverage jumped 1.50 percent, United Overseas Bank declined 0.86 percent, Wilmar International lost 0.48 percent and Comfort DelGro, Yangzijiang Shipbuilding, Singapore Press Holdings and Hongkong Land were unchanged.</p><p><blockquote>资产中，Ascendas REIT下跌0.68%，凯德综合商业信托上涨0.49%，City Developments上涨0.72%，Dairy Farm International暴跌1.34%，星展集团下跌0.19%，云顶新加坡下跌0.63%，吉宝公司下跌1.15%，丰树商业信托放弃0.98%，丰树物流信托暴跌1.05%，华侨银行下跌0.44%，SATS下跌0.51%，胜科实业暴跌2.49%，新加坡航空公司上涨0.20%，新加坡交易所下跌0.53%，新加坡科技工程下跌0.26%，新加坡电信下跌0.82%，泰国饮料上涨1.50%，大华银行下跌0.86%，丰益国际下跌0.48%，康富德高</blockquote></p><p> The lead from Wall Street is soft as the major averages opened in the red on Monday and stayed under water throughout the trading day.</p><p><blockquote>华尔街的领先优势疲软，主要股指周一开盘下跌，整个交易日都处于水下。</blockquote></p><p> The Dow tumbled 320.04 points or 0.89 percent to finish at 35,650.95, while the NASDAQ sank 217.32 points or 1.39 percent to close at 15,413.28 and the S&amp;P 500 lost 43.05 points or 0.91 percent to end at 4,668.97.</p><p><blockquote>道琼斯指数下跌320.04点，跌幅0.89%，收于35650.95点；纳斯达克指数下跌217.32点，跌幅1.39%，收于15413.28点；标普500指数下跌43.05点，跌幅0.91%，收于4668.97点。</blockquote></p><p> The pullback on Wall Street reflected profit taking, as traders cashed in on some of the strength in the markets last week. The major averages all moved sharply higher last week, with the S&amp;P 500 ending last Friday's trading at a new record closing high.</p><p><blockquote>华尔街的回调反映了获利了结，因为交易员利用了上周市场的一些强势。主要平均指数上周均大幅走高，标普500指数上周五收盘创下收盘新高。</blockquote></p><p> Traders may also have been moving money out of stocks and into safer havens ahead of the Federal Reserve's money policy announcement on Wednesday.</p><p><blockquote>在美联储周三宣布货币政策之前，交易员也可能将资金从股票中转移到更安全的避风港。</blockquote></p><p> The Fed is expected to discuss accelerating the pace of tapering its asset purchase program, with reports suggesting the central bank could double the rate to $30 billion per month.</p><p><blockquote>预计美联储将讨论加快缩减资产购买计划的步伐，有报道称美联储可能会将利率增加一倍，达到每月 300 亿美元。</blockquote></p><p> Crude oil futures settled lower on Monday on concerns about the outlook for energy demand amid worries about the impact of the Omicron variant of the&nbsp;coronavirus. West Texas Intermediate Crude oil futures for January ended down by $0.38 or 0.5 percent at $71.29 a barrel.</p><p><blockquote>由于担心冠状病毒奥密克戎变种的影响，对能源需求前景的担忧，原油期货周一收低。1月份西德克萨斯中质原油期货收盘下跌0.38美元，跌幅0.5%，至每桶71.29美元。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.rttnews.com/3248927/singapore-stock-market-may-take-further-damage-on-tuesday.aspx?type=glcom\">RTTNews</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":{"STI.SI":"富时新加坡海峡指数"},"source_url":"https://www.rttnews.com/3248927/singapore-stock-market-may-take-further-damage-on-tuesday.aspx?type=glcom","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1153452688","content_text":"The Singapore stock market has finished lower in two straight sessions, sinking more than 20 points or 0.7 percent along the way. The Straits Times Index now sits just beneath the 3,120-point plateau and it may extend its losses on Tuesday.\nThe global forecast for the Asian markets is negative, likely led lower by weakness from the oil and technology stocks. The European and U.S. markets were down and the Asian bourses are tipped to follow that lead.\nThe STI finished modestly lower on Monday as losses from the financial shares and industrials were mitigated by support from the property sector.\nFor the day, the index lost 15.66 points or 0.50 percent to finish at the daily low of 3,119.95 after peaking at 3,161.95. Volume was 1.7 billion shares worth 848.3 million Singapore dollars. There were 253 decliners and 202 gainers.\nAmong the actives, Ascendas REIT skidded 0.68 percent, while CapitaLand Integrated Commercial Trust added 0.49 percent, City Developments advanced 0.72 percent, Dairy Farm International plunged 1.34 percent, DBS Group eased 0.19 percent, Genting Singapore sank 0.63 percent, Keppel Corp tanked 1.15 percent, Mapletree Commercial Trust surrendered 0.98 percent, Mapletree Logistics Trust tumbled 1.05 percent, Oversea-Chinese Banking Corporation fell 0.44 percent, SATS shed 0.51 percent, SembCorp Industries plummeted 2.49 percent, Singapore Airlines rose 0.20 percent, Singapore Exchange dropped 0.53 percent, Singapore Technologies Engineering slid 0.26 percent, SingTel retreated 0.82 percent, Thai Beverage jumped 1.50 percent, United Overseas Bank declined 0.86 percent, Wilmar International lost 0.48 percent and Comfort DelGro, Yangzijiang Shipbuilding, Singapore Press Holdings and Hongkong Land were unchanged.\nThe lead from Wall Street is soft as the major averages opened in the red on Monday and stayed under water throughout the trading day.\nThe Dow tumbled 320.04 points or 0.89 percent to finish at 35,650.95, while the NASDAQ sank 217.32 points or 1.39 percent to close at 15,413.28 and the S&P 500 lost 43.05 points or 0.91 percent to end at 4,668.97.\nThe pullback on Wall Street reflected profit taking, as traders cashed in on some of the strength in the markets last week. The major averages all moved sharply higher last week, with the S&P 500 ending last Friday's trading at a new record closing high.\nTraders may also have been moving money out of stocks and into safer havens ahead of the Federal Reserve's money policy announcement on Wednesday.\nThe Fed is expected to discuss accelerating the pace of tapering its asset purchase program, with reports suggesting the central bank could double the rate to $30 billion per month.\nCrude oil futures settled lower on Monday on concerns about the outlook for energy demand amid worries about the impact of the Omicron variant of the coronavirus. West Texas Intermediate Crude oil futures for January ended down by $0.38 or 0.5 percent at $71.29 a barrel.","news_type":1,"symbols_score_info":{"STI.SI":0.9}},"isVote":1,"tweetType":1,"viewCount":2759,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":601514292,"gmtCreate":1638542722078,"gmtModify":1638542724352,"author":{"id":"3578792610239057","authorId":"3578792610239057","name":"Motivator","avatar":"https://static.tigerbbs.com/e7b2f7cbaac610d00a7c522b479a1ca5","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578792610239057","idStr":"3578792610239057"},"themes":[],"title":"","htmlText":"发生什么事？","listText":"发生什么事？","text":"发生什么事？","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/601514292","repostId":"1192973257","repostType":2,"repost":{"id":"1192973257","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1638542620,"share":"https://www.laohunote.com/m/news/1192973257?lang=zh_CN&edition=full","pubTime":"2021-12-03 22:43","market":"us","language":"en","title":"Alibaba shares fell nearly 9%, hitting a 52 week low<blockquote>阿里巴巴-SW股价下跌近9%，创52周新低</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1192973257","media":"老虎资讯综合","summary":"Alibaba shares fell nearly 9%&nbsp;in morning trading, hitting a 52 week low.","content":"<p>Alibaba shares fell nearly 9%&nbsp;in morning trading, hitting a 52 week low.</p><p><blockquote>阿里巴巴-SW股价在早盘交易中下跌近9%，触及52周低点。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/bffdf13d46c5b423e7d19ca33abd1d05\" tg-width=\"840\" tg-height=\"470\" width=\"100%\" height=\"auto\"></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>Alibaba shares fell nearly 9%, hitting a 52 week low<blockquote>阿里巴巴-SW股价下跌近9%，创52周新低</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\">\nAlibaba shares fell nearly 9%, hitting a 52 week low<blockquote>阿里巴巴-SW股价下跌近9%，创52周新低</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\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\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-12-03 22:43</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Alibaba shares fell nearly 9%&nbsp;in morning trading, hitting a 52 week low.</p><p><blockquote>阿里巴巴-SW股价在早盘交易中下跌近9%，触及52周低点。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/bffdf13d46c5b423e7d19ca33abd1d05\" tg-width=\"840\" tg-height=\"470\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BABA":"阿里巴巴"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1192973257","content_text":"Alibaba shares fell nearly 9% in morning trading, hitting a 52 week low.","news_type":1,"symbols_score_info":{"BABA":0.9}},"isVote":1,"tweetType":1,"viewCount":2973,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":872680606,"gmtCreate":1637503546765,"gmtModify":1637503546897,"author":{"id":"3578792610239057","authorId":"3578792610239057","name":"Motivator","avatar":"https://static.tigerbbs.com/e7b2f7cbaac610d00a7c522b479a1ca5","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578792610239057","idStr":"3578792610239057"},"themes":[],"title":"","htmlText":"Good employer","listText":"Good employer","text":"Good employer","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/872680606","repostId":"2184828242","repostType":4,"isVote":1,"tweetType":1,"viewCount":2696,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":872680845,"gmtCreate":1637503526951,"gmtModify":1637503527045,"author":{"id":"3578792610239057","authorId":"3578792610239057","name":"Motivator","avatar":"https://static.tigerbbs.com/e7b2f7cbaac610d00a7c522b479a1ca5","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578792610239057","idStr":"3578792610239057"},"themes":[],"title":"","htmlText":"Tell me your opinion about this news...","listText":"Tell me your opinion about this news...","text":"Tell me your opinion about this news...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/872680845","repostId":"2184828242","repostType":4,"isVote":1,"tweetType":1,"viewCount":2621,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":876504149,"gmtCreate":1637328736055,"gmtModify":1637328740974,"author":{"id":"3578792610239057","authorId":"3578792610239057","name":"Motivator","avatar":"https://static.tigerbbs.com/e7b2f7cbaac610d00a7c522b479a1ca5","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578792610239057","idStr":"3578792610239057"},"themes":[],"title":"","htmlText":"Ya, cannot buy&nbsp;","listText":"Ya, cannot buy&nbsp;","text":"Ya, cannot buy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/876504149","repostId":"2184843845","repostType":4,"isVote":1,"tweetType":1,"viewCount":2744,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":871642016,"gmtCreate":1637069437008,"gmtModify":1637069437247,"author":{"id":"3578792610239057","authorId":"3578792610239057","name":"Motivator","avatar":"https://static.tigerbbs.com/e7b2f7cbaac610d00a7c522b479a1ca5","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578792610239057","idStr":"3578792610239057"},"themes":[],"title":"","htmlText":"I buy shares that I know only&nbsp;","listText":"I buy shares that I know only&nbsp;","text":"I buy shares that I know only","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/871642016","repostId":"2183076130","repostType":4,"isVote":1,"tweetType":1,"viewCount":2714,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":873070588,"gmtCreate":1636813467110,"gmtModify":1636813467242,"author":{"id":"3578792610239057","authorId":"3578792610239057","name":"Motivator","avatar":"https://static.tigerbbs.com/e7b2f7cbaac610d00a7c522b479a1ca5","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578792610239057","idStr":"3578792610239057"},"themes":[],"title":"","htmlText":"Apple is for long term holding&nbsp;","listText":"Apple is for long term holding&nbsp;","text":"Apple is for long term holding","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/873070588","repostId":"1129004768","repostType":4,"repost":{"id":"1129004768","kind":"news","pubTimestamp":1636764434,"share":"https://www.laohunote.com/m/news/1129004768?lang=zh_CN&edition=full","pubTime":"2021-11-13 08:47","market":"us","language":"en","title":"Apple: The Bear Argument, And Why It's Wrong<blockquote>苹果：熊的论点，以及为什么它是错误的</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1129004768","media":"Seeking Alpha","summary":"Apple has failed to stay above $150 per share for long, and bears are starting to pay attention to the recent weakness in price.I list a couple of the most popular bearish arguments, and explain why I believe that they are either short-sighted or most likely incorrect.Maybe AAPL is not the same pound-the-table buy, but I continue to think that this is a stock to own today through the next several years.This may also help to explain, in part, why Apple's revenues in Greater China shot through the","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Apple has failed to stay above $150 per share for long, and bears are starting to pay attention to the recent weakness in price.</li>  <li>I list a couple of the most popular bearish arguments, and explain why I believe that they are either short-sighted or most likely incorrect.</li>  <li>Maybe AAPL is not the same pound-the-table buy, but I continue to think that this is a stock to own today through the next several years.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4bc955cc5d27328c3b89b327b9368d27\" tg-width=\"1536\" tg-height=\"1020\" width=\"100%\" height=\"auto\"><span>kmwphotography/iStock via Getty Images</span></p><p><blockquote><ul><li>苹果股价未能长期保持在每股150美元以上，空头开始关注近期价格的疲软。</li><li>我列出了几个最流行的看跌论点，并解释了为什么我认为它们要么是短视的，要么很可能是不正确的。</li><li>也许 AAPL 不是那种值得一买的股票，但我仍然认为这是一只在未来几年内值得今天持有的股票。</li></ul><p class=\"t-img-caption\"><span>kmwphotography/iStock 来自 Getty Images</span></p></blockquote></p><p> With Apple (AAPL) once again failing to make fresh all-time highs, now down around 6% from the peak and dipping closer towards key moving-average support, bears have started to pay attention. Still, I think that the case for selling (or shorting) this stock does not hold much water in the long term, and I believe that bears will ultimately tire of swimming against the current.</p><p><blockquote>随着苹果 (AAPL) 再次未能创下历史新高，目前较峰值下跌约 6%，并接近关键移动平均线支撑位，空头已开始关注。尽管如此，我认为从长远来看，卖出（或做空）这只股票的理由并没有太大的说服力，我相信空头最终会厌倦逆流而上。</blockquote></p><p> Below, I list the most common few reasons why one might want to dump or stay away from Apple shares – and why I think that the bearish case is either short-sighted or most likely incorrect.</p><p><blockquote>下面，我列出了人们可能想要抛售或远离苹果股票的几个最常见的原因，以及为什么我认为看跌案例要么是短视的，要么很可能是不正确的。</blockquote></p><p> <b>Key risk #1: drop-off in demand</b></p><p><blockquote><b>关键风险#1：需求下降</b></blockquote></p><p> Not many analysts and portfolio managers have been vocal about avoiding or selling Apple. Experts like New Street's&nbsp;Pierre Ferragu&nbsp;and Satori Fund's&nbsp;Dan Niles&nbsp;are the few that come to mind, and their theses seem to align pretty well with every other bearish call on AAPL that I have seen recently.</p><p><blockquote>没有多少分析师和投资组合经理公开表示要避免或出售苹果。New Street 的 Pierre Ferragu 和 Satori Fund 的 Dan Niles 等专家是少数几个浮现在脑海中的专家，他们的论点似乎与我最近看到的所有其他看跌 AAPL 的看涨期权非常一致。</blockquote></p><p> The first common reason to sell the stock is often phrased in different ways, but can effectively be summarized as follows: Apple's financial results in the near term should suffer from demand that has already turned into revenues in calendar 2020, during the thick of the pandemic and stay-at-home consumption wave. This is particularly true following the launch of the iPhone 13 that some (including legendary Apple founder&nbsp;Steve Wozniak) see as merely a minor upgrade from the previous model.</p><p><blockquote>出售股票的第一个常见原因通常有不同的表述方式，但可以有效地总结如下：苹果近期的财务业绩应该会受到需求的影响，而需求已经在 2020 年转化为收入。疫情和居家消费浪潮。在iPhone 13推出后尤其如此，一些人（包括传奇的苹果创始人Steve Wozniak）认为这只是对之前型号的一个小升级。</blockquote></p><p> I see the concern here, especially considering that Apple will start to face unsurmountable iPhone comps in the holidays and post-holiday quarters – see graph below. But the same chart also shows that there seemed to exist quite a bit of pent-up demand over the many quarters that preceded the iPhone 12 launch. One possible justification for this shift in sales from fiscal 2019-2020 to 2021 is Apple's late entry into the 5G space. Consumers that are loyal to or just prefer the iOS device probably waited patiently to upgrade or switch, and then they did it all at once.</p><p><blockquote>我看到了这里的担忧，特别是考虑到苹果将在假期和假期后的季度开始面临难以逾越的iPhone竞争——见下图。但同一张图表也显示，在iPhone 12发布之前的许多季度里，似乎存在相当多被压抑的需求。从2019-2020财年到2021财年销售转变的一个可能理由是苹果较晚进入5G领域。忠实于或只是偏爱iOS设备的消费者可能会耐心等待升级或切换，然后他们一次性完成所有操作。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7dc677f0a1c77dd39f40b4cc99c6fc15\" tg-width=\"460\" tg-height=\"322\" width=\"100%\" height=\"auto\"><span>Source: DM Martins Research, data from company reports</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：DM Martins Research，数据来自公司报告</span></p></blockquote></p><p> This may also help to explain, in part, why Apple's revenues in Greater China shot through the roof in the past 6 to 12 months. With the country's 5G infrastructure being further developed, owning a device that can handle the faster speeds probably makes most sense. Sales in the region had been lackluster to say the least since 2015, and dropped YOY by as much as 29% in fiscal Q4 of 2020. In the past three quarters, however, revenues climbed by at least 57% in each period.</p><p><blockquote>这或许也有助于部分解释为什么苹果在大中华区的收入在过去 6 到 12 个月中飙升。随着该国5G基础设施的进一步发展，拥有一台能够处理更快速度的设备可能是最有意义的。至少可以说，自 2015 年以来，该地区的销售额一直低迷，2020 财年第四季度同比下降高达 29%。然而，在过去三个季度中，收入每个时期至少增长了 57%。</blockquote></p><p> In the end, over the last 12 quarters – i.e. roughly the useful life of the average iPhone – Apple's smartphone sales have risen by only 4.8% per year. Considering that ASP (average selling price) has likely increased during the period, this figure barely represents any meaningful growth in device shipments over a full cycle. Therefore, to think that demand for Apple's products will fall off a cliff next seems like a stretch, especially if one also considers chip innovation and design updates in Mac and iPad.</p><p><blockquote>最后，在过去的12个季度——大约是iPhone的平均使用寿命——苹果的智能手机销量每年仅增长4.8%。考虑到ASP（平均售价）在此期间可能会增加，这个数字很难代表整个周期内设备出货量的任何有意义的增长。因此，认为苹果产品的需求接下来会断崖式下跌似乎有些牵强，尤其是如果还考虑到Mac和iPad的芯片创新和设计更新的话。</blockquote></p><p> <b>Key risk #2: valuation</b></p><p><blockquote><b>主要风险#2：估值</b></blockquote></p><p> The other key risk of investing in Apple that is often brought up is valuation. Dan Niles, mentioned above, suggests that a next-year P/E of 26 times might not even be the biggest deal. The problem is that this multiple looks too rich against growth expectations that are modest.Analysts expect Apple's EPS&nbsp;to rise by only 4% per year through fiscal 2025. Alphabet (GOOG)(GOOGL), valued at a similar earnings multiple, is expected to drive earnings 16% higher per year over a similar period.</p><p><blockquote>投资苹果的另一个经常被提及的主要风险是估值。上面提到的丹·奈尔斯 (Dan Niles) 表示，明年 26 倍的市盈率可能甚至不是最大的交易。问题是，与适度的增长预期相比，这个倍数看起来太高了。分析师预计，到 2025 财年，苹果的每股收益每年仅增长 4%。Alphabet (GOOG)（GOOGL）的市盈率相似，预计同期每年盈利将增长 16%。</blockquote></p><p> That, in my view, is a more reasonable bearish argument. Per my estimates, Apple is by far the stock with the highest PEG ratio (P/E over long-term EPS growth) of 6.5 times. Amazon (AMZN) is a very distant second on this metric, at 2.3 times. But even here, I see a good argument to be made in favor of Apple.</p><p><blockquote>在我看来，这是一个更合理的看跌论点。根据我的估计，苹果是迄今为止PEG比率（长期每股收益增长的市盈率）最高的股票，为6.5倍。亚马逊 (AMZN) 在该指标上遥遥领先，为 2.3 倍。但即使在这里，我也看到了一个有利于苹果的好论点。</blockquote></p><p></p><p> First, the company has been proving to be a powerful gatekeeper in the tech world. Here is one example: the first, most blatant sign that Apple's iOS privacy policy changes in the summer&nbsp;have been hurting social media companies&nbsp;and their financial statements&nbsp;led to the Nasdaqe&nbsp;rasing $120 billion in market value in a matter of minutes – most of which coming from internet stocks. Should one be expected to pay a premium for a stock in the face of such market control? I would say so.</p><p><blockquote>首先，该公司已被证明是科技界强大的守门人。这里有一个例子：第一个也是最明显的迹象是，苹果今年夏天的iOS隐私政策变化一直在伤害社交媒体公司，他们的财务报表导致纳斯达克市值在几分钟内飙升1200亿美元——其中大部分来自互联网股票。面对这种市场控制，人们是否应该期望为股票支付溢价？我会这么说。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0946db3f3bc62569a56f2dbe2aa75922\" tg-width=\"635\" tg-height=\"417\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据由YCharts提供</span></p></blockquote></p><p> Also, as the chart above depicts, Apple's forward-year P/E has certainly expanded relative to what it used to be a few years ago. But the multi-year move higher seems consistent with (1) a wave of increased demand for Apple's products and services, (2) better margins, (3) a drop in interest rates in 2020, and (4) a broad stock market that has become generally more expensive. Compared to how AAPL traded only about three months ago, P/E has in fact dipped about three turns and returned to early 2021 levels.</p><p><blockquote>此外，如上图所示，与几年前相比，苹果的未来一年市盈率肯定有所扩大。但多年来的走高似乎与以下因素一致：（1）对苹果产品和服务的需求增加，（2）更好的利润率，（3）2020年利率下降，以及（4）广泛的股票市场普遍变得更加昂贵。与大约三个月前 AAPL 的交易方式相比，市盈率实际上已经下降了约三次，并回到了 2021 年初的水平。</blockquote></p><p> <b>Key risk #3: lack of positive catalysts</b></p><p><blockquote><b>关键风险#3：缺乏积极的催化剂</b></blockquote></p><p> The next risk to investing in Apple that is often cited are short-term catalysts. The iPhone 13 was announced a few weeks ago, and&nbsp;so has the refreshed lineup&nbsp;of MacBook Pro devices equipped with the new M1 Pro and Max chips. Fiscal fourth quarter earnings is also in the rearview mirror. In fact, I think that the drop off in relevant Apple news in the fourth quarter correlates well with a stock that, seasonally, tends to perform worse in the November-to-January period. Bears may also argue that, with a few quarters of tough comps ahead, investors might have a hard time finding reasons to buy AAPL in the next few months.</p><p><blockquote>投资苹果的下一个经常被提及的风险是短期催化剂。iPhone 13几周前发布，配备新M1 Pro和Max芯片的MacBook Pro设备阵容也是如此。第四财季盈利也已成为过去。事实上，我认为第四季度相关苹果新闻的下降与 11 月至 1 月期间季节性表现较差的股票密切相关。看空者还可能认为，由于未来几个季度的艰难竞争，投资者可能很难在未来几个月找到购买 AAPL 的理由。</blockquote></p><p> But here, I believe that a bit of patience is warranted. First, the recent malaise in share price alone may be enough to attract new money from investors looking for a good deal on a high-quality stock. But more importantly, longer-term catalysts are likely to make more of a difference on share price and financial performance over the next, say, five years.</p><p><blockquote>但是在这里，我相信一点耐心是必要的。首先，仅近期股价的低迷就足以吸引寻求优质股票优惠的投资者的新资金。但更重要的是，长期催化剂可能会在未来五年内对股价和财务业绩产生更大影响。</blockquote></p><p> I have previously talked in more detail about two catalysts that quickly come to mind. I doubt that much upside from initiatives like mixed reality and&nbsp;autonomous vehicle&nbsp;has been factored into analysts' financial models – and hence, properly priced into the stock. Because Apple is run by a conservative team of executives, I bet that both massive growth opportunities will be pursued if and when they are accretive to the company's earnings. They should, therefore, serve as the key catalysts driving long-term growth expectations (which is relevant for risk #1 above) and share price higher.</p><p><blockquote>我之前更详细地谈到了两个很快浮现在脑海中的催化剂。我怀疑混合现实和自动驾驶汽车等举措的太多上涨空间是否已被纳入分析师的财务模型，因此，该股的定价也得到了适当的体现。由于苹果是由一个保守的高管团队管理的，我敢打赌，如果这两个巨大的增长机会能够增加公司的盈利，那么它们就会被追求。因此，它们应该成为推动长期增长预期（这与上述风险 1 相关）和股价上涨的关键催化剂。</blockquote></p><p> <b>In summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> Apple may not be the same pound-the-table opportunity that I believed it to be&nbsp;in February 2021&nbsp;or, better yet,in April 2018&nbsp;– in both cases, I believed that shares had sold off for no good reason. But I continue to think that AAPL is a stock to own today through the next several years, especially now that the earnings multiple has started to rerate towards year-ago levels. Should Apple continue to head lower in the near term, the pullback (assuming no meaningful change in business fundamentals) would present an even better chance to buy.</p><p><blockquote>苹果可能不会像我在 2021 年 2 月或更好的是，在 2018 年 4 月所认为的那样是千载难逢的机会——在这两种情况下，我都认为股票无缘无故地抛售。但我仍然认为 AAPL 是未来几年值得持有的股票，尤其是现在市盈率已开始向一年前的水平重新评估。如果苹果在短期内继续走低，回调（假设商业基本面没有有意义的变化）将提供更好的买入机会。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple: The Bear Argument, And Why It's Wrong<blockquote>苹果：熊的论点，以及为什么它是错误的</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\">\nApple: The Bear Argument, And Why It's Wrong<blockquote>苹果：熊的论点，以及为什么它是错误的</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Seeking Alpha</strong><span class=\"h-time small\">2021-11-13 08:47</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>Apple has failed to stay above $150 per share for long, and bears are starting to pay attention to the recent weakness in price.</li>  <li>I list a couple of the most popular bearish arguments, and explain why I believe that they are either short-sighted or most likely incorrect.</li>  <li>Maybe AAPL is not the same pound-the-table buy, but I continue to think that this is a stock to own today through the next several years.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4bc955cc5d27328c3b89b327b9368d27\" tg-width=\"1536\" tg-height=\"1020\" width=\"100%\" height=\"auto\"><span>kmwphotography/iStock via Getty Images</span></p><p><blockquote><ul><li>苹果股价未能长期保持在每股150美元以上，空头开始关注近期价格的疲软。</li><li>我列出了几个最流行的看跌论点，并解释了为什么我认为它们要么是短视的，要么很可能是不正确的。</li><li>也许 AAPL 不是那种值得一买的股票，但我仍然认为这是一只在未来几年内值得今天持有的股票。</li></ul><p class=\"t-img-caption\"><span>kmwphotography/iStock 来自 Getty Images</span></p></blockquote></p><p> With Apple (AAPL) once again failing to make fresh all-time highs, now down around 6% from the peak and dipping closer towards key moving-average support, bears have started to pay attention. Still, I think that the case for selling (or shorting) this stock does not hold much water in the long term, and I believe that bears will ultimately tire of swimming against the current.</p><p><blockquote>随着苹果 (AAPL) 再次未能创下历史新高，目前较峰值下跌约 6%，并接近关键移动平均线支撑位，空头已开始关注。尽管如此，我认为从长远来看，卖出（或做空）这只股票的理由并没有太大的说服力，我相信空头最终会厌倦逆流而上。</blockquote></p><p> Below, I list the most common few reasons why one might want to dump or stay away from Apple shares – and why I think that the bearish case is either short-sighted or most likely incorrect.</p><p><blockquote>下面，我列出了人们可能想要抛售或远离苹果股票的几个最常见的原因，以及为什么我认为看跌案例要么是短视的，要么很可能是不正确的。</blockquote></p><p> <b>Key risk #1: drop-off in demand</b></p><p><blockquote><b>关键风险#1：需求下降</b></blockquote></p><p> Not many analysts and portfolio managers have been vocal about avoiding or selling Apple. Experts like New Street's&nbsp;Pierre Ferragu&nbsp;and Satori Fund's&nbsp;Dan Niles&nbsp;are the few that come to mind, and their theses seem to align pretty well with every other bearish call on AAPL that I have seen recently.</p><p><blockquote>没有多少分析师和投资组合经理公开表示要避免或出售苹果。New Street 的 Pierre Ferragu 和 Satori Fund 的 Dan Niles 等专家是少数几个浮现在脑海中的专家，他们的论点似乎与我最近看到的所有其他看跌 AAPL 的看涨期权非常一致。</blockquote></p><p> The first common reason to sell the stock is often phrased in different ways, but can effectively be summarized as follows: Apple's financial results in the near term should suffer from demand that has already turned into revenues in calendar 2020, during the thick of the pandemic and stay-at-home consumption wave. This is particularly true following the launch of the iPhone 13 that some (including legendary Apple founder&nbsp;Steve Wozniak) see as merely a minor upgrade from the previous model.</p><p><blockquote>出售股票的第一个常见原因通常有不同的表述方式，但可以有效地总结如下：苹果近期的财务业绩应该会受到需求的影响，而需求已经在 2020 年转化为收入。疫情和居家消费浪潮。在iPhone 13推出后尤其如此，一些人（包括传奇的苹果创始人Steve Wozniak）认为这只是对之前型号的一个小升级。</blockquote></p><p> I see the concern here, especially considering that Apple will start to face unsurmountable iPhone comps in the holidays and post-holiday quarters – see graph below. But the same chart also shows that there seemed to exist quite a bit of pent-up demand over the many quarters that preceded the iPhone 12 launch. One possible justification for this shift in sales from fiscal 2019-2020 to 2021 is Apple's late entry into the 5G space. Consumers that are loyal to or just prefer the iOS device probably waited patiently to upgrade or switch, and then they did it all at once.</p><p><blockquote>我看到了这里的担忧，特别是考虑到苹果将在假期和假期后的季度开始面临难以逾越的iPhone竞争——见下图。但同一张图表也显示，在iPhone 12发布之前的许多季度里，似乎存在相当多被压抑的需求。从2019-2020财年到2021财年销售转变的一个可能理由是苹果较晚进入5G领域。忠实于或只是偏爱iOS设备的消费者可能会耐心等待升级或切换，然后他们一次性完成所有操作。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7dc677f0a1c77dd39f40b4cc99c6fc15\" tg-width=\"460\" tg-height=\"322\" width=\"100%\" height=\"auto\"><span>Source: DM Martins Research, data from company reports</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：DM Martins Research，数据来自公司报告</span></p></blockquote></p><p> This may also help to explain, in part, why Apple's revenues in Greater China shot through the roof in the past 6 to 12 months. With the country's 5G infrastructure being further developed, owning a device that can handle the faster speeds probably makes most sense. Sales in the region had been lackluster to say the least since 2015, and dropped YOY by as much as 29% in fiscal Q4 of 2020. In the past three quarters, however, revenues climbed by at least 57% in each period.</p><p><blockquote>这或许也有助于部分解释为什么苹果在大中华区的收入在过去 6 到 12 个月中飙升。随着该国5G基础设施的进一步发展，拥有一台能够处理更快速度的设备可能是最有意义的。至少可以说，自 2015 年以来，该地区的销售额一直低迷，2020 财年第四季度同比下降高达 29%。然而，在过去三个季度中，收入每个时期至少增长了 57%。</blockquote></p><p> In the end, over the last 12 quarters – i.e. roughly the useful life of the average iPhone – Apple's smartphone sales have risen by only 4.8% per year. Considering that ASP (average selling price) has likely increased during the period, this figure barely represents any meaningful growth in device shipments over a full cycle. Therefore, to think that demand for Apple's products will fall off a cliff next seems like a stretch, especially if one also considers chip innovation and design updates in Mac and iPad.</p><p><blockquote>最后，在过去的12个季度——大约是iPhone的平均使用寿命——苹果的智能手机销量每年仅增长4.8%。考虑到ASP（平均售价）在此期间可能会增加，这个数字很难代表整个周期内设备出货量的任何有意义的增长。因此，认为苹果产品的需求接下来会断崖式下跌似乎有些牵强，尤其是如果还考虑到Mac和iPad的芯片创新和设计更新的话。</blockquote></p><p> <b>Key risk #2: valuation</b></p><p><blockquote><b>主要风险#2：估值</b></blockquote></p><p> The other key risk of investing in Apple that is often brought up is valuation. Dan Niles, mentioned above, suggests that a next-year P/E of 26 times might not even be the biggest deal. The problem is that this multiple looks too rich against growth expectations that are modest.Analysts expect Apple's EPS&nbsp;to rise by only 4% per year through fiscal 2025. Alphabet (GOOG)(GOOGL), valued at a similar earnings multiple, is expected to drive earnings 16% higher per year over a similar period.</p><p><blockquote>投资苹果的另一个经常被提及的主要风险是估值。上面提到的丹·奈尔斯 (Dan Niles) 表示，明年 26 倍的市盈率可能甚至不是最大的交易。问题是，与适度的增长预期相比，这个倍数看起来太高了。分析师预计，到 2025 财年，苹果的每股收益每年仅增长 4%。Alphabet (GOOG)（GOOGL）的市盈率相似，预计同期每年盈利将增长 16%。</blockquote></p><p> That, in my view, is a more reasonable bearish argument. Per my estimates, Apple is by far the stock with the highest PEG ratio (P/E over long-term EPS growth) of 6.5 times. Amazon (AMZN) is a very distant second on this metric, at 2.3 times. But even here, I see a good argument to be made in favor of Apple.</p><p><blockquote>在我看来，这是一个更合理的看跌论点。根据我的估计，苹果是迄今为止PEG比率（长期每股收益增长的市盈率）最高的股票，为6.5倍。亚马逊 (AMZN) 在该指标上遥遥领先，为 2.3 倍。但即使在这里，我也看到了一个有利于苹果的好论点。</blockquote></p><p></p><p> First, the company has been proving to be a powerful gatekeeper in the tech world. Here is one example: the first, most blatant sign that Apple's iOS privacy policy changes in the summer&nbsp;have been hurting social media companies&nbsp;and their financial statements&nbsp;led to the Nasdaqe&nbsp;rasing $120 billion in market value in a matter of minutes – most of which coming from internet stocks. Should one be expected to pay a premium for a stock in the face of such market control? I would say so.</p><p><blockquote>首先，该公司已被证明是科技界强大的守门人。这里有一个例子：第一个也是最明显的迹象是，苹果今年夏天的iOS隐私政策变化一直在伤害社交媒体公司，他们的财务报表导致纳斯达克市值在几分钟内飙升1200亿美元——其中大部分来自互联网股票。面对这种市场控制，人们是否应该期望为股票支付溢价？我会这么说。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0946db3f3bc62569a56f2dbe2aa75922\" tg-width=\"635\" tg-height=\"417\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据由YCharts提供</span></p></blockquote></p><p> Also, as the chart above depicts, Apple's forward-year P/E has certainly expanded relative to what it used to be a few years ago. But the multi-year move higher seems consistent with (1) a wave of increased demand for Apple's products and services, (2) better margins, (3) a drop in interest rates in 2020, and (4) a broad stock market that has become generally more expensive. Compared to how AAPL traded only about three months ago, P/E has in fact dipped about three turns and returned to early 2021 levels.</p><p><blockquote>此外，如上图所示，与几年前相比，苹果的未来一年市盈率肯定有所扩大。但多年来的走高似乎与以下因素一致：（1）对苹果产品和服务的需求增加，（2）更好的利润率，（3）2020年利率下降，以及（4）广泛的股票市场普遍变得更加昂贵。与大约三个月前 AAPL 的交易方式相比，市盈率实际上已经下降了约三次，并回到了 2021 年初的水平。</blockquote></p><p> <b>Key risk #3: lack of positive catalysts</b></p><p><blockquote><b>关键风险#3：缺乏积极的催化剂</b></blockquote></p><p> The next risk to investing in Apple that is often cited are short-term catalysts. The iPhone 13 was announced a few weeks ago, and&nbsp;so has the refreshed lineup&nbsp;of MacBook Pro devices equipped with the new M1 Pro and Max chips. Fiscal fourth quarter earnings is also in the rearview mirror. In fact, I think that the drop off in relevant Apple news in the fourth quarter correlates well with a stock that, seasonally, tends to perform worse in the November-to-January period. Bears may also argue that, with a few quarters of tough comps ahead, investors might have a hard time finding reasons to buy AAPL in the next few months.</p><p><blockquote>投资苹果的下一个经常被提及的风险是短期催化剂。iPhone 13几周前发布，配备新M1 Pro和Max芯片的MacBook Pro设备阵容也是如此。第四财季盈利也已成为过去。事实上，我认为第四季度相关苹果新闻的下降与 11 月至 1 月期间季节性表现较差的股票密切相关。看空者还可能认为，由于未来几个季度的艰难竞争，投资者可能很难在未来几个月找到购买 AAPL 的理由。</blockquote></p><p> But here, I believe that a bit of patience is warranted. First, the recent malaise in share price alone may be enough to attract new money from investors looking for a good deal on a high-quality stock. But more importantly, longer-term catalysts are likely to make more of a difference on share price and financial performance over the next, say, five years.</p><p><blockquote>但是在这里，我相信一点耐心是必要的。首先，仅近期股价的低迷就足以吸引寻求优质股票优惠的投资者的新资金。但更重要的是，长期催化剂可能会在未来五年内对股价和财务业绩产生更大影响。</blockquote></p><p> I have previously talked in more detail about two catalysts that quickly come to mind. I doubt that much upside from initiatives like mixed reality and&nbsp;autonomous vehicle&nbsp;has been factored into analysts' financial models – and hence, properly priced into the stock. Because Apple is run by a conservative team of executives, I bet that both massive growth opportunities will be pursued if and when they are accretive to the company's earnings. They should, therefore, serve as the key catalysts driving long-term growth expectations (which is relevant for risk #1 above) and share price higher.</p><p><blockquote>我之前更详细地谈到了两个很快浮现在脑海中的催化剂。我怀疑混合现实和自动驾驶汽车等举措的太多上涨空间是否已被纳入分析师的财务模型，因此，该股的定价也得到了适当的体现。由于苹果是由一个保守的高管团队管理的，我敢打赌，如果这两个巨大的增长机会能够增加公司的盈利，那么它们就会被追求。因此，它们应该成为推动长期增长预期（这与上述风险 1 相关）和股价上涨的关键催化剂。</blockquote></p><p> <b>In summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> Apple may not be the same pound-the-table opportunity that I believed it to be&nbsp;in February 2021&nbsp;or, better yet,in April 2018&nbsp;– in both cases, I believed that shares had sold off for no good reason. But I continue to think that AAPL is a stock to own today through the next several years, especially now that the earnings multiple has started to rerate towards year-ago levels. Should Apple continue to head lower in the near term, the pullback (assuming no meaningful change in business fundamentals) would present an even better chance to buy.</p><p><blockquote>苹果可能不会像我在 2021 年 2 月或更好的是，在 2018 年 4 月所认为的那样是千载难逢的机会——在这两种情况下，我都认为股票无缘无故地抛售。但我仍然认为 AAPL 是未来几年值得持有的股票，尤其是现在市盈率已开始向一年前的水平重新评估。如果苹果在短期内继续走低，回调（假设商业基本面没有有意义的变化）将提供更好的买入机会。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4468890-apple-the-bear-argument-and-why-its-wrong\">Seeking Alpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://seekingalpha.com/article/4468890-apple-the-bear-argument-and-why-its-wrong","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1129004768","content_text":"Summary\n\nApple has failed to stay above $150 per share for long, and bears are starting to pay attention to the recent weakness in price.\nI list a couple of the most popular bearish arguments, and explain why I believe that they are either short-sighted or most likely incorrect.\nMaybe AAPL is not the same pound-the-table buy, but I continue to think that this is a stock to own today through the next several years.\n\nkmwphotography/iStock via Getty Images\nWith Apple (AAPL) once again failing to make fresh all-time highs, now down around 6% from the peak and dipping closer towards key moving-average support, bears have started to pay attention. Still, I think that the case for selling (or shorting) this stock does not hold much water in the long term, and I believe that bears will ultimately tire of swimming against the current.\nBelow, I list the most common few reasons why one might want to dump or stay away from Apple shares – and why I think that the bearish case is either short-sighted or most likely incorrect.\nKey risk #1: drop-off in demand\nNot many analysts and portfolio managers have been vocal about avoiding or selling Apple. Experts like New Street's Pierre Ferragu and Satori Fund's Dan Niles are the few that come to mind, and their theses seem to align pretty well with every other bearish call on AAPL that I have seen recently.\nThe first common reason to sell the stock is often phrased in different ways, but can effectively be summarized as follows: Apple's financial results in the near term should suffer from demand that has already turned into revenues in calendar 2020, during the thick of the pandemic and stay-at-home consumption wave. This is particularly true following the launch of the iPhone 13 that some (including legendary Apple founder Steve Wozniak) see as merely a minor upgrade from the previous model.\nI see the concern here, especially considering that Apple will start to face unsurmountable iPhone comps in the holidays and post-holiday quarters – see graph below. But the same chart also shows that there seemed to exist quite a bit of pent-up demand over the many quarters that preceded the iPhone 12 launch. One possible justification for this shift in sales from fiscal 2019-2020 to 2021 is Apple's late entry into the 5G space. Consumers that are loyal to or just prefer the iOS device probably waited patiently to upgrade or switch, and then they did it all at once.\nSource: DM Martins Research, data from company reports\nThis may also help to explain, in part, why Apple's revenues in Greater China shot through the roof in the past 6 to 12 months. With the country's 5G infrastructure being further developed, owning a device that can handle the faster speeds probably makes most sense. Sales in the region had been lackluster to say the least since 2015, and dropped YOY by as much as 29% in fiscal Q4 of 2020. In the past three quarters, however, revenues climbed by at least 57% in each period.\nIn the end, over the last 12 quarters – i.e. roughly the useful life of the average iPhone – Apple's smartphone sales have risen by only 4.8% per year. Considering that ASP (average selling price) has likely increased during the period, this figure barely represents any meaningful growth in device shipments over a full cycle. Therefore, to think that demand for Apple's products will fall off a cliff next seems like a stretch, especially if one also considers chip innovation and design updates in Mac and iPad.\nKey risk #2: valuation\nThe other key risk of investing in Apple that is often brought up is valuation. Dan Niles, mentioned above, suggests that a next-year P/E of 26 times might not even be the biggest deal. The problem is that this multiple looks too rich against growth expectations that are modest.Analysts expect Apple's EPS to rise by only 4% per year through fiscal 2025. Alphabet (GOOG)(GOOGL), valued at a similar earnings multiple, is expected to drive earnings 16% higher per year over a similar period.\nThat, in my view, is a more reasonable bearish argument. Per my estimates, Apple is by far the stock with the highest PEG ratio (P/E over long-term EPS growth) of 6.5 times. Amazon (AMZN) is a very distant second on this metric, at 2.3 times. But even here, I see a good argument to be made in favor of Apple.\nFirst, the company has been proving to be a powerful gatekeeper in the tech world. Here is one example: the first, most blatant sign that Apple's iOS privacy policy changes in the summer have been hurting social media companies and their financial statements led to the Nasdaqe rasing $120 billion in market value in a matter of minutes – most of which coming from internet stocks. Should one be expected to pay a premium for a stock in the face of such market control? I would say so.\nData by YCharts\nAlso, as the chart above depicts, Apple's forward-year P/E has certainly expanded relative to what it used to be a few years ago. But the multi-year move higher seems consistent with (1) a wave of increased demand for Apple's products and services, (2) better margins, (3) a drop in interest rates in 2020, and (4) a broad stock market that has become generally more expensive. Compared to how AAPL traded only about three months ago, P/E has in fact dipped about three turns and returned to early 2021 levels.\nKey risk #3: lack of positive catalysts\nThe next risk to investing in Apple that is often cited are short-term catalysts. The iPhone 13 was announced a few weeks ago, and so has the refreshed lineup of MacBook Pro devices equipped with the new M1 Pro and Max chips. Fiscal fourth quarter earnings is also in the rearview mirror. In fact, I think that the drop off in relevant Apple news in the fourth quarter correlates well with a stock that, seasonally, tends to perform worse in the November-to-January period. Bears may also argue that, with a few quarters of tough comps ahead, investors might have a hard time finding reasons to buy AAPL in the next few months.\nBut here, I believe that a bit of patience is warranted. First, the recent malaise in share price alone may be enough to attract new money from investors looking for a good deal on a high-quality stock. But more importantly, longer-term catalysts are likely to make more of a difference on share price and financial performance over the next, say, five years.\nI have previously talked in more detail about two catalysts that quickly come to mind. I doubt that much upside from initiatives like mixed reality and autonomous vehicle has been factored into analysts' financial models – and hence, properly priced into the stock. Because Apple is run by a conservative team of executives, I bet that both massive growth opportunities will be pursued if and when they are accretive to the company's earnings. They should, therefore, serve as the key catalysts driving long-term growth expectations (which is relevant for risk #1 above) and share price higher.\nIn summary\nApple may not be the same pound-the-table opportunity that I believed it to be in February 2021 or, better yet,in April 2018 – in both cases, I believed that shares had sold off for no good reason. But I continue to think that AAPL is a stock to own today through the next several years, especially now that the earnings multiple has started to rerate towards year-ago levels. Should Apple continue to head lower in the near term, the pullback (assuming no meaningful change in business fundamentals) would present an even better chance to buy.","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":3622,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":847701139,"gmtCreate":1636551840585,"gmtModify":1636551840883,"author":{"id":"3578792610239057","authorId":"3578792610239057","name":"Motivator","avatar":"https://static.tigerbbs.com/e7b2f7cbaac610d00a7c522b479a1ca5","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578792610239057","idStr":"3578792610239057"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/O39.SI\">$OVERSEA-CHINESE BANKING CORP(O39.SI)$</a>Hold for mid term&nbsp;","listText":"<a href=\"https://laohu8.com/S/O39.SI\">$OVERSEA-CHINESE BANKING CORP(O39.SI)$</a>Hold for mid term&nbsp;","text":"$OVERSEA-CHINESE BANKING CORP(O39.SI)$Hold for mid term","images":[{"img":"https://static.tigerbbs.com/a9e43ed1adb028bd7520140010717aea","width":"1125","height":"2196"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/847701139","isVote":1,"tweetType":1,"viewCount":2828,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":847701963,"gmtCreate":1636551817489,"gmtModify":1636551831105,"author":{"id":"3578792610239057","authorId":"3578792610239057","name":"Motivator","avatar":"https://static.tigerbbs.com/e7b2f7cbaac610d00a7c522b479a1ca5","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578792610239057","idStr":"3578792610239057"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/S58.SI\">$SATS LTD.(S58.SI)$</a>hold for mid to long term&nbsp;","listText":"<a href=\"https://laohu8.com/S/S58.SI\">$SATS LTD.(S58.SI)$</a>hold for mid to long term&nbsp;","text":"$SATS LTD.(S58.SI)$hold for mid to long term","images":[{"img":"https://static.tigerbbs.com/388981d2ef855659abad4f69cee28fd0","width":"1125","height":"2875"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/847701963","isVote":1,"tweetType":1,"viewCount":4120,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":847478749,"gmtCreate":1636551113893,"gmtModify":1636551114208,"author":{"id":"3578792610239057","authorId":"3578792610239057","name":"Motivator","avatar":"https://static.tigerbbs.com/e7b2f7cbaac610d00a7c522b479a1ca5","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578792610239057","idStr":"3578792610239057"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/00688\">$CHINA OVERSEAS(00688)$</a>Wait for&nbsp;it to decline&nbsp;","listText":"<a href=\"https://laohu8.com/S/00688\">$CHINA OVERSEAS(00688)$</a>Wait for&nbsp;it to decline&nbsp;","text":"$CHINA OVERSEAS(00688)$Wait for it to decline","images":[{"img":"https://static.tigerbbs.com/0dfbc7b36227b804a07c7704c7754bb2","width":"1125","height":"3340"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/847478749","isVote":1,"tweetType":1,"viewCount":4533,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":847478018,"gmtCreate":1636551067324,"gmtModify":1636551093928,"author":{"id":"3578792610239057","authorId":"3578792610239057","name":"Motivator","avatar":"https://static.tigerbbs.com/e7b2f7cbaac610d00a7c522b479a1ca5","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578792610239057","idStr":"3578792610239057"},"themes":[],"title":"","htmlText":"😢&nbsp;","listText":"😢&nbsp;","text":"😢","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/847478018","repostId":"1144290706","repostType":2,"repost":{"id":"1144290706","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":1636549261,"share":"https://www.laohunote.com/m/news/1144290706?lang=zh_CN&edition=full","pubTime":"2021-11-10 21:01","market":"us","language":"en","title":"Toplines Before US Market Open on Wednesday<blockquote>周三美国市场开盘前的顶线</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1144290706","media":"Tiger Newspress","summary":"Wall Street stock futures edged lower on Wednesday as signs of rising inflation across the world dam","content":"<p>Wall Street stock futures edged lower on Wednesday as signs of rising inflation across the world dampened investor sentiment ahead of the release of U.S. consumer prices data.</p><p><blockquote>由于美国消费者价格数据公布前全球通胀上升的迹象抑制了投资者情绪，华尔街股指期货周三小幅走低。</blockquote></p><p> At 8:00 a.m. ET, Dow E-minis were down 44 points, or 0.12%, S&amp;P 500 E-minis were down 9.5 points, or 0.2% and Nasdaq 100 E-minis were down 67 points, or 0.41%.</p><p><blockquote>美国东部时间上午 8:00，道琼斯电子迷你指数下跌 44 点，跌幅 0.12%，标普500电子迷你指数下跌 9.5 点，跌幅 0.2%，纳斯达克 100 电子迷你指数下跌 67 点，跌幅 0.41%。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f6dd87cc6edb8b06f8692d53f3d76977\" tg-width=\"688\" tg-height=\"222\" referrerpolicy=\"no-referrer\"><span>*Source From Tiger Trade, EST 08:00</span></p><p><blockquote><p class=\"t-img-caption\"><span>*来源：Tiger Trade，美国东部时间 08:00</span></p></blockquote></p><p> Wall Street’s main indexes ended their long streak of record closing highs on Tuesday as investors booked profits from the recent run-up in gains, especially in the absence of market-moving catalysts.</p><p><blockquote>华尔街主要股指周二结束了长期以来连续创下收盘新高的纪录，因为投资者从近期的涨幅中获利了结，尤其是在没有推动市场的催化剂的情况下。</blockquote></p><p> Losses were broad-based. Big lenders including JPMorgan Chase &amp; Co, Morgan Stanley and Goldman Sachs fell about 0.3% each in premarket trading.</p><p><blockquote>损失是广泛的。摩根大通、摩根士丹利和高盛等大型银行在盘前交易中分别下跌约 0.3%。</blockquote></p><p> Big industrial and energy firms such as Caterpillar Inc, 3M Co and Chevron Inc shed between 0.3% and 0.4%.</p><p><blockquote>卡特彼勒公司、3M公司和雪佛龙公司等大型工业和能源公司下跌了0.3%至0.4%。</blockquote></p><p> <b>Stocks making the biggest moves in the premarket:</b></p><p><blockquote><b>盘前涨幅最大的股票：</b></blockquote></p><p> <a href=\"https://laohu8.com/S/COIN\">Coinbase Global, Inc.</a> &nbsp;(COIN) — Shares of Coinbase sunk more than 11% premarket after the company reported&nbsp;lower-than-expected quarterly revenue. The cryptocurrency exchange reported revenue of $1.31 billion versus the Refinitiv consensus of $1.57 billion.Monthly transacting users declined from the previous quarter at 7.4 million but grew from the prior year.</p><p><blockquote><a href=\"https://laohu8.com/S/COIN\">比特币基地全球公司。</a>(COIN) — Coinbase 公布季度收入低于预期后，该公司股价盘前下跌超过 11%。该加密货币交易所报告的收入为 13.1 亿美元，而 Refinitiv 的共识为 15.7 亿美元。月交易用户较上一季度下降至 740 万，但较上年有所增长。</blockquote></p><p> <a href=\"https://laohu8.com/S/POSH\">Poshmark, Inc.</a> &nbsp;(POSH) — Poshmark shares plunged more than 31% in early morning trading after the online marketplace reported quarterly financial results. The company posted a loss of 9 cents per share on revenue of $79.7 million. Analysts surveyed by Wall Street expected a loss of 7 cents per share versus $82.7 million. Poshmark also forecasted&nbsp;weaker-than-expected holiday-quarter revenue.</p><p><blockquote><a href=\"https://laohu8.com/S/POSH\">波什马克公司。</a>(POSH) — 在线市场公布季度财务业绩后，Poshmark 股价在早盘交易中暴跌超过 31%。该公司公布每股亏损 9 美分，营收为 7970 万美元。华尔街调查的分析师预计每股亏损 7 美分，高于 8270 万美元。Poshmark 还预测假日季度收入弱于预期。</blockquote></p><p> <a href=\"https://laohu8.com/S/DASH\">DoorDash, Inc.</a> &nbsp;(DASH) — Shares of DoorDash surged more than 15% before the bell as the food delivery platform announced&nbsp;it will acquire international delivery platform Woltin a transaction valued at $8.1 billion, its biggest acquisition to date. The company also reported a wider quarterly loss than analysts expected, but topped revenue estimates.</p><p><blockquote><a href=\"https://laohu8.com/S/DASH\">DoorDash公司。</a>(DASH)——食品配送平台 DoorDash 宣布将以 81 亿美元的交易收购国际配送平台 Woltin，这是该公司迄今为止最大的一笔收购，其股价在收盘前飙升超过 15%。该公司还公布的季度亏损超出分析师预期，但超出了收入预期。</blockquote></p><p> <a href=\"https://laohu8.com/S/FUBO\">fuboTV Inc.</a> &nbsp;(FUBO) — Shares of FuboTV fell roughly 8% in the premarket after the sports live television streaming platform reported weaker-than-expected financial results. The company posted a loss of 74 cents per share and revenue of $156.7 million for the third quarter. Analysts expected a loss of 63 cents per share on revenue of $143.6 million.</p><p><blockquote><a href=\"https://laohu8.com/S/FUBO\">富博电视公司。</a>（富博）——体育直播电视流媒体平台富博TV公布弱于预期的财务业绩后，其股价在盘前下跌约8%。该公司第三季度每股亏损 74 美分，营收为 1.567 亿美元。分析师预计每股亏损 63 美分，营收为 1.436 亿美元。</blockquote></p><p> <a href=\"https://laohu8.com/S/WEN\">Wendy's</a> (WEN) — Shares of Wendy’s gained more than 1% in early morning trading after the fast-food chain posted quarterly financial results above expectations. Wendy’s posted earnings of 19 cents per share on revenue of $470.3 million, versus the expected 18 cents per share on revenue of $470.2 million, according to Refinitiv.</p><p><blockquote><a href=\"https://laohu8.com/S/WEN\">温迪的</a>(WEN)--在快餐连锁店 Wendy's 公布超出预期的季度财务业绩后，该公司股价在早盘交易中上涨了 1% 以上。根据 Refinitiv 的数据，Wendy 公布的每股收益为 19 美分，营收为 4.703 亿美元，而预期每股收益为 18 美分，营收为 4.702 亿美元。</blockquote></p><p> <a href=\"https://laohu8.com/S/PLTR\">Palantir Technologies Inc.</a> (PLTR) — Palantir share fell more than 2% before the bell after&nbsp;RBC downgraded the stock&nbsp;to underperform from sector perform and cut its price target on the stock to $19 per share from $25 per share. RBC in its call citedPalantir’s slowing revenue growth.</p><p><blockquote><a href=\"https://laohu8.com/S/PLTR\">帕兰蒂尔技术公司。</a>(PLTR) — 加拿大皇家银行将 Palantir 股票评级从行业表现下调至表现不佳，并将该股目标价从每股 25 美元下调至每股 19 美元后，Palantir 股价盘前下跌超过 2%。加拿大皇家银行在其看涨期权中提到了 Palantir 的收入增长放缓。</blockquote></p><p> <a href=\"https://laohu8.com/S/GOOG\">Alphabet</a> (GOOG) — Google-parent Alphabet shares traded in mildly negative territory in the premarket after the&nbsp;European Union’s General Court upheld the European Commission’s order&nbsp;to fine&nbsp;Google&nbsp;$2.8 billion for an antirust breach</p><p><blockquote><a href=\"https://laohu8.com/S/GOOG\">Alphabet</a>(GOOG)--在欧盟普通法院维持欧盟委员会对谷歌违反防锈规定处以 28 亿美元罚款的命令后，谷歌母公司Alphabet的股价在盘前小幅下跌。</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>Toplines Before US Market Open on Wednesday<blockquote>周三美国市场开盘前的顶线</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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Big lenders including JPMorgan Chase &amp; Co, Morgan Stanley and Goldman Sachs fell about 0.3% each in premarket trading.</p><p><blockquote>损失是广泛的。摩根大通、摩根士丹利和高盛等大型银行在盘前交易中分别下跌约 0.3%。</blockquote></p><p> Big industrial and energy firms such as Caterpillar Inc, 3M Co and Chevron Inc shed between 0.3% and 0.4%.</p><p><blockquote>卡特彼勒公司、3M公司和雪佛龙公司等大型工业和能源公司下跌了0.3%至0.4%。</blockquote></p><p> <b>Stocks making the biggest moves in the premarket:</b></p><p><blockquote><b>盘前涨幅最大的股票：</b></blockquote></p><p> <a href=\"https://laohu8.com/S/COIN\">Coinbase Global, Inc.</a> &nbsp;(COIN) — Shares of Coinbase sunk more than 11% premarket after the company reported&nbsp;lower-than-expected quarterly revenue. The cryptocurrency exchange reported revenue of $1.31 billion versus the Refinitiv consensus of $1.57 billion.Monthly transacting users declined from the previous quarter at 7.4 million but grew from the prior year.</p><p><blockquote><a href=\"https://laohu8.com/S/COIN\">比特币基地全球公司。</a>(COIN) — Coinbase 公布季度收入低于预期后，该公司股价盘前下跌超过 11%。该加密货币交易所报告的收入为 13.1 亿美元，而 Refinitiv 的共识为 15.7 亿美元。月交易用户较上一季度下降至 740 万，但较上年有所增长。</blockquote></p><p> <a href=\"https://laohu8.com/S/POSH\">Poshmark, Inc.</a> &nbsp;(POSH) — Poshmark shares plunged more than 31% in early morning trading after the online marketplace reported quarterly financial results. The company posted a loss of 9 cents per share on revenue of $79.7 million. Analysts surveyed by Wall Street expected a loss of 7 cents per share versus $82.7 million. Poshmark also forecasted&nbsp;weaker-than-expected holiday-quarter revenue.</p><p><blockquote><a href=\"https://laohu8.com/S/POSH\">波什马克公司。</a>(POSH) — 在线市场公布季度财务业绩后，Poshmark 股价在早盘交易中暴跌超过 31%。该公司公布每股亏损 9 美分，营收为 7970 万美元。华尔街调查的分析师预计每股亏损 7 美分，高于 8270 万美元。Poshmark 还预测假日季度收入弱于预期。</blockquote></p><p> <a href=\"https://laohu8.com/S/DASH\">DoorDash, Inc.</a> &nbsp;(DASH) — Shares of DoorDash surged more than 15% before the bell as the food delivery platform announced&nbsp;it will acquire international delivery platform Woltin a transaction valued at $8.1 billion, its biggest acquisition to date. The company also reported a wider quarterly loss than analysts expected, but topped revenue estimates.</p><p><blockquote><a href=\"https://laohu8.com/S/DASH\">DoorDash公司。</a>(DASH)——食品配送平台 DoorDash 宣布将以 81 亿美元的交易收购国际配送平台 Woltin，这是该公司迄今为止最大的一笔收购，其股价在收盘前飙升超过 15%。该公司还公布的季度亏损超出分析师预期，但超出了收入预期。</blockquote></p><p> <a href=\"https://laohu8.com/S/FUBO\">fuboTV Inc.</a> &nbsp;(FUBO) — Shares of FuboTV fell roughly 8% in the premarket after the sports live television streaming platform reported weaker-than-expected financial results. The company posted a loss of 74 cents per share and revenue of $156.7 million for the third quarter. Analysts expected a loss of 63 cents per share on revenue of $143.6 million.</p><p><blockquote><a href=\"https://laohu8.com/S/FUBO\">富博电视公司。</a>（富博）——体育直播电视流媒体平台富博TV公布弱于预期的财务业绩后，其股价在盘前下跌约8%。该公司第三季度每股亏损 74 美分，营收为 1.567 亿美元。分析师预计每股亏损 63 美分，营收为 1.436 亿美元。</blockquote></p><p> <a href=\"https://laohu8.com/S/WEN\">Wendy's</a> (WEN) — Shares of Wendy’s gained more than 1% in early morning trading after the fast-food chain posted quarterly financial results above expectations. Wendy’s posted earnings of 19 cents per share on revenue of $470.3 million, versus the expected 18 cents per share on revenue of $470.2 million, according to Refinitiv.</p><p><blockquote><a href=\"https://laohu8.com/S/WEN\">温迪的</a>(WEN)--在快餐连锁店 Wendy's 公布超出预期的季度财务业绩后，该公司股价在早盘交易中上涨了 1% 以上。根据 Refinitiv 的数据，Wendy 公布的每股收益为 19 美分，营收为 4.703 亿美元，而预期每股收益为 18 美分，营收为 4.702 亿美元。</blockquote></p><p> <a href=\"https://laohu8.com/S/PLTR\">Palantir Technologies Inc.</a> (PLTR) — Palantir share fell more than 2% before the bell after&nbsp;RBC downgraded the stock&nbsp;to underperform from sector perform and cut its price target on the stock to $19 per share from $25 per share. RBC in its call citedPalantir’s slowing revenue growth.</p><p><blockquote><a href=\"https://laohu8.com/S/PLTR\">帕兰蒂尔技术公司。</a>(PLTR) — 加拿大皇家银行将 Palantir 股票评级从行业表现下调至表现不佳，并将该股目标价从每股 25 美元下调至每股 19 美元后，Palantir 股价盘前下跌超过 2%。加拿大皇家银行在其看涨期权中提到了 Palantir 的收入增长放缓。</blockquote></p><p> <a href=\"https://laohu8.com/S/GOOG\">Alphabet</a> (GOOG) — Google-parent Alphabet shares traded in mildly negative territory in the premarket after the&nbsp;European Union’s General Court upheld the European Commission’s order&nbsp;to fine&nbsp;Google&nbsp;$2.8 billion for an antirust breach</p><p><blockquote><a href=\"https://laohu8.com/S/GOOG\">Alphabet</a>(GOOG)--在欧盟普通法院维持欧盟委员会对谷歌违反防锈规定处以 28 亿美元罚款的命令后，谷歌母公司Alphabet的股价在盘前小幅下跌。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1144290706","content_text":"Wall Street stock futures edged lower on Wednesday as signs of rising inflation across the world dampened investor sentiment ahead of the release of U.S. consumer prices data.\nAt 8:00 a.m. ET, Dow E-minis were down 44 points, or 0.12%, S&P 500 E-minis were down 9.5 points, or 0.2% and Nasdaq 100 E-minis were down 67 points, or 0.41%.\n*Source From Tiger Trade, EST 08:00\nWall Street’s main indexes ended their long streak of record closing highs on Tuesday as investors booked profits from the recent run-up in gains, especially in the absence of market-moving catalysts.\nLosses were broad-based. Big lenders including JPMorgan Chase & Co, Morgan Stanley and Goldman Sachs fell about 0.3% each in premarket trading.\nBig industrial and energy firms such as Caterpillar Inc, 3M Co and Chevron Inc shed between 0.3% and 0.4%.\nStocks making the biggest moves in the premarket:\nCoinbase Global, Inc.  (COIN) — Shares of Coinbase sunk more than 11% premarket after the company reported lower-than-expected quarterly revenue. The cryptocurrency exchange reported revenue of $1.31 billion versus the Refinitiv consensus of $1.57 billion.Monthly transacting users declined from the previous quarter at 7.4 million but grew from the prior year.\nPoshmark, Inc.  (POSH) — Poshmark shares plunged more than 31% in early morning trading after the online marketplace reported quarterly financial results. The company posted a loss of 9 cents per share on revenue of $79.7 million. Analysts surveyed by Wall Street expected a loss of 7 cents per share versus $82.7 million. Poshmark also forecasted weaker-than-expected holiday-quarter revenue.\nDoorDash, Inc.  (DASH) — Shares of DoorDash surged more than 15% before the bell as the food delivery platform announced it will acquire international delivery platform Woltin a transaction valued at $8.1 billion, its biggest acquisition to date. The company also reported a wider quarterly loss than analysts expected, but topped revenue estimates.\nfuboTV Inc.  (FUBO) — Shares of FuboTV fell roughly 8% in the premarket after the sports live television streaming platform reported weaker-than-expected financial results. The company posted a loss of 74 cents per share and revenue of $156.7 million for the third quarter. Analysts expected a loss of 63 cents per share on revenue of $143.6 million.\nWendy's (WEN) — Shares of Wendy’s gained more than 1% in early morning trading after the fast-food chain posted quarterly financial results above expectations. Wendy’s posted earnings of 19 cents per share on revenue of $470.3 million, versus the expected 18 cents per share on revenue of $470.2 million, according to Refinitiv.\nPalantir Technologies Inc. (PLTR) — Palantir share fell more than 2% before the bell after RBC downgraded the stock to underperform from sector perform and cut its price target on the stock to $19 per share from $25 per share. RBC in its call citedPalantir’s slowing revenue growth.\nAlphabet (GOOG) — Google-parent Alphabet shares traded in mildly negative territory in the premarket after the European Union’s General Court upheld the European Commission’s order to fine Google $2.8 billion for an antirust breach","news_type":1,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":1031,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":844765492,"gmtCreate":1636461881587,"gmtModify":1636461883786,"author":{"id":"3578792610239057","authorId":"3578792610239057","name":"Motivator","avatar":"https://static.tigerbbs.com/e7b2f7cbaac610d00a7c522b479a1ca5","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578792610239057","idStr":"3578792610239057"},"themes":[],"title":"","htmlText":"👍 is&nbsp;","listText":"👍 is&nbsp;","text":"👍 is","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/844765492","repostId":"2182702755","repostType":4,"repost":{"id":"2182702755","kind":"news","pubTimestamp":1636460681,"share":"https://www.laohunote.com/m/news/2182702755?lang=zh_CN&edition=full","pubTime":"2021-11-09 20:24","market":"us","language":"en","title":"WHO warns of shortage of 1-2 billion Covid-19 vaccine syringes<blockquote>世卫组织警告1-20亿支Covid-19疫苗注射器短缺</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2182702755","media":"The Straits Times","summary":"GENEVA (REUTERS) - There could be a shortage of one to two billion syringes needed to administer Cov","content":"<p><div> GENEVA (REUTERS) - There could be a shortage of one to two billion syringes needed to administer Covid-19 vaccinations in 2022, which could also impact routine immunisations and undermine needle ...</p><p><blockquote><div>日内瓦（路透社）-2022年，新冠肺炎疫苗接种所需的注射器可能会短缺10亿至20亿支，这也可能影响常规免疫接种并破坏针头……</div></blockquote></p><p>  <a href=\"http://www.straitstimes.com/world/europe/who-warns-of-shortage-of-1-2-billion-covid-19-vaccine-syringes\">网页链接</a>  </div> </p><p><blockquote><a href=\"http://www.straitstimes.com/world/europe/who-warns-of-shortage-of-1-2-billion-covid-19-vaccine-syringes\">网页连接</a></blockquote></p><p></p>","source":"straits_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>WHO warns of shortage of 1-2 billion Covid-19 vaccine syringes<blockquote>世卫组织警告1-20亿支Covid-19疫苗注射器短缺</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\">\nWHO warns of shortage of 1-2 billion Covid-19 vaccine syringes<blockquote>世卫组织警告1-20亿支Covid-19疫苗注射器短缺</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">The Straits Times</strong><span class=\"h-time small\">2021-11-09 20:24</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> GENEVA (REUTERS) - There could be a shortage of one to two billion syringes needed to administer Covid-19 vaccinations in 2022, which could also impact routine immunisations and undermine needle ...</p><p><blockquote><div>日内瓦（路透社）-2022年，新冠肺炎疫苗接种所需的注射器可能会短缺10亿至20亿支，这也可能影响常规免疫接种并破坏针头……</div></blockquote></p><p>  <a href=\"http://www.straitstimes.com/world/europe/who-warns-of-shortage-of-1-2-billion-covid-19-vaccine-syringes\">网页链接</a>  </div> </p><p><blockquote><a href=\"http://www.straitstimes.com/world/europe/who-warns-of-shortage-of-1-2-billion-covid-19-vaccine-syringes\">网页连接</a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"http://www.straitstimes.com/world/europe/who-warns-of-shortage-of-1-2-billion-covid-19-vaccine-syringes\">The Straits Times</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"http://www.straitstimes.com/world/europe/who-warns-of-shortage-of-1-2-billion-covid-19-vaccine-syringes","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2182702755","content_text":"GENEVA (REUTERS) - There could be a shortage of one to two billion syringes needed to administer Covid-19 vaccinations in 2022, which could also impact routine immunisations and undermine needle safety, the World Health Organisation (WHO) warned on Tuesday (Nov 9).\nNational health authorities should plan their needs well in advance to avoid the \"hoarding, panic buying and type of situation\" seen early in the pandemic with the lack of personal protective equipment, WHO expert Lisa Hedman said.\n\"We could have a global shortage of immunisation syringes that could in turn lead to serious problems such as slowing down immunisation efforts as well as safety concerns,\" she told a UN briefing.\nA shortage could lead to delays in routine vaccinations, particularly for children, and other health services, and it could also encourage the unsafe reusing of syringes and needles, particularly in poorer countries, Ms Hedman added.\nAbout 6.8 billion Covid-19 vaccinations have been administered globally, almost double the number of routine vaccines, Ms Hedman said, compared to total manufacturing capacity of about six billion immunisation syringes a year.\nThat means the world could face a shortage of up to two billion syringes next year, unless more factories are shifted to producing the right kind of device for shots, Ms Hedman said.\n\"If we shift capacity from one type of syringe to another or attempt to expand capacity for specialised immunisation syringes, it takes time and investment,\" she said.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":1038,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":844735472,"gmtCreate":1636459214325,"gmtModify":1636459214598,"author":{"id":"3578792610239057","authorId":"3578792610239057","name":"Motivator","avatar":"https://static.tigerbbs.com/e7b2f7cbaac610d00a7c522b479a1ca5","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578792610239057","idStr":"3578792610239057"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/00941\">$CHINA MOBILE(00941)$</a>Will acquire more shares if price drop below 47.5","listText":"<a href=\"https://laohu8.com/S/00941\">$CHINA MOBILE(00941)$</a>Will acquire more shares if price drop below 47.5","text":"$CHINA MOBILE(00941)$Will acquire more shares if price drop below 47.5","images":[{"img":"https://static.tigerbbs.com/81bd7e340a95a199f684dbce924f49f9","width":"1125","height":"2196"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/844735472","isVote":1,"tweetType":1,"viewCount":1184,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":845773984,"gmtCreate":1636372817309,"gmtModify":1636372817612,"author":{"id":"3578792610239057","authorId":"3578792610239057","name":"Motivator","avatar":"https://static.tigerbbs.com/e7b2f7cbaac610d00a7c522b479a1ca5","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578792610239057","idStr":"3578792610239057"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/S58.SI\">$SATS LTD.(S58.SI)$</a>Right acquisition 😊","listText":"<a href=\"https://laohu8.com/S/S58.SI\">$SATS LTD.(S58.SI)$</a>Right acquisition 😊","text":"$SATS LTD.(S58.SI)$Right acquisition 😊","images":[{"img":"https://static.tigerbbs.com/135f0508fc6f9575251eaeb008570985","width":"1125","height":"2196"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/845773984","isVote":1,"tweetType":1,"viewCount":1414,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":845779322,"gmtCreate":1636372676566,"gmtModify":1636372676794,"author":{"id":"3578792610239057","authorId":"3578792610239057","name":"Motivator","avatar":"https://static.tigerbbs.com/e7b2f7cbaac610d00a7c522b479a1ca5","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578792610239057","idStr":"3578792610239057"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/02318\">$PING AN(02318)$</a>To observe… if price stable, can acquire this stock&nbsp;","listText":"<a href=\"https://laohu8.com/S/02318\">$PING AN(02318)$</a>To observe… if price stable, can acquire this stock&nbsp;","text":"$PING AN(02318)$To observe… if price stable, can acquire this stock","images":[{"img":"https://static.tigerbbs.com/90ba223d0cf76d28a246932f9831992a","width":"1125","height":"3430"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/845779322","isVote":1,"tweetType":1,"viewCount":1163,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":845911010,"gmtCreate":1636262693832,"gmtModify":1636262694089,"author":{"id":"3578792610239057","authorId":"3578792610239057","name":"Motivator","avatar":"https://static.tigerbbs.com/e7b2f7cbaac610d00a7c522b479a1ca5","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578792610239057","idStr":"3578792610239057"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/09988\">$Alibaba(09988)$</a>I will buy when it drop more&nbsp;","listText":"<a href=\"https://laohu8.com/S/09988\">$Alibaba(09988)$</a>I will buy when it drop more&nbsp;","text":"$Alibaba(09988)$I will buy when it drop more","images":[{"img":"https://static.tigerbbs.com/3496d642b4badff14e95deb1811d7c4d","width":"1125","height":"3340"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/845911010","isVote":1,"tweetType":1,"viewCount":1040,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":842618365,"gmtCreate":1636169119077,"gmtModify":1636169119318,"author":{"id":"3578792610239057","authorId":"3578792610239057","name":"Motivator","avatar":"https://static.tigerbbs.com/e7b2f7cbaac610d00a7c522b479a1ca5","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578792610239057","idStr":"3578792610239057"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/00941\">$CHINA MOBILE(00941)$</a>happy w my buying… aim to hold mid to long term&nbsp;","listText":"<a href=\"https://laohu8.com/S/00941\">$CHINA MOBILE(00941)$</a>happy w my buying… aim to hold mid to long term&nbsp;","text":"$CHINA MOBILE(00941)$happy w my buying… aim to hold mid to long term","images":[{"img":"https://static.tigerbbs.com/ef27fcaffc9bf81e93fc02c090a4f244","width":"1125","height":"2196"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/842618365","isVote":1,"tweetType":1,"viewCount":1243,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":842611526,"gmtCreate":1636169065368,"gmtModify":1636169065636,"author":{"id":"3578792610239057","authorId":"3578792610239057","name":"Motivator","avatar":"https://static.tigerbbs.com/e7b2f7cbaac610d00a7c522b479a1ca5","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578792610239057","idStr":"3578792610239057"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/TSM\">$Taiwan Semiconductor Manufacturing(TSM)$</a>Long term","listText":"<a href=\"https://laohu8.com/S/TSM\">$Taiwan Semiconductor Manufacturing(TSM)$</a>Long term","text":"$Taiwan Semiconductor Manufacturing(TSM)$Long term","images":[{"img":"https://static.tigerbbs.com/a64717ed9514aa03546f75cac426f22c","width":"1125","height":"4033"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/842611526","isVote":1,"tweetType":1,"viewCount":916,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":848761992,"gmtCreate":1636030580900,"gmtModify":1636030581145,"author":{"id":"3578792610239057","authorId":"3578792610239057","name":"Motivator","avatar":"https://static.tigerbbs.com/e7b2f7cbaac610d00a7c522b479a1ca5","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578792610239057","idStr":"3578792610239057"},"themes":[],"title":"","htmlText":"Buying stocks is a risky investment. &nbsp;I suggest to allocate not more than 50% of wealth in it. &nbsp;","listText":"Buying stocks is a risky investment. &nbsp;I suggest to allocate not more than 50% of wealth in it. &nbsp;","text":"Buying stocks is a risky investment. I suggest to allocate not more than 50% of wealth in it.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/848761992","repostId":"2180760173","repostType":4,"isVote":1,"tweetType":1,"viewCount":1199,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":848590445,"gmtCreate":1636009496889,"gmtModify":1636011522885,"author":{"id":"3578792610239057","authorId":"3578792610239057","name":"Motivator","avatar":"https://static.tigerbbs.com/e7b2f7cbaac610d00a7c522b479a1ca5","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578792610239057","idStr":"3578792610239057"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/01810\">$XIAOMI-W(01810)$</a>Will get in when Xiomi drops to 20 and below&nbsp;","listText":"<a href=\"https://laohu8.com/S/01810\">$XIAOMI-W(01810)$</a>Will get in when Xiomi drops to 20 and below&nbsp;","text":"$XIAOMI-W(01810)$Will get in when Xiomi drops to 20 and below","images":[{"img":"https://static.tigerbbs.com/3a2ce339677af3f573f4b636147b292d","width":"1125","height":"3340"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/848590445","isVote":1,"tweetType":1,"viewCount":744,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0}],"hots":[{"id":891742405,"gmtCreate":1628435858007,"gmtModify":1633747155541,"author":{"id":"3578792610239057","authorId":"3578792610239057","name":"Motivator","avatar":"https://static.tigerbbs.com/e7b2f7cbaac610d00a7c522b479a1ca5","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578792610239057","authorIdStr":"3578792610239057"},"themes":[],"title":"","htmlText":"I dun like this stock… it is underperforming&nbsp;","listText":"I dun like this stock… it is underperforming&nbsp;","text":"I dun like this stock… it is underperforming","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":11,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/891742405","repostId":"2157901414","repostType":4,"isVote":1,"tweetType":1,"viewCount":521,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":899659923,"gmtCreate":1628180519262,"gmtModify":1633752846714,"author":{"id":"3578792610239057","authorId":"3578792610239057","name":"Motivator","avatar":"https://static.tigerbbs.com/e7b2f7cbaac610d00a7c522b479a1ca5","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578792610239057","authorIdStr":"3578792610239057"},"themes":[],"title":"","htmlText":"Yes, EV is a good market and support by global government. &nbsp;Wonder it is too high yo enter now?&nbsp;","listText":"Yes, EV is a good market and support by global government. &nbsp;Wonder it is too high yo enter now?&nbsp;","text":"Yes, EV is a good market and support by global government. Wonder it is too high yo enter now?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":12,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/899659923","repostId":"1173170520","repostType":4,"isVote":1,"tweetType":1,"viewCount":556,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":873070588,"gmtCreate":1636813467110,"gmtModify":1636813467242,"author":{"id":"3578792610239057","authorId":"3578792610239057","name":"Motivator","avatar":"https://static.tigerbbs.com/e7b2f7cbaac610d00a7c522b479a1ca5","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578792610239057","authorIdStr":"3578792610239057"},"themes":[],"title":"","htmlText":"Apple is for long term holding&nbsp;","listText":"Apple is for long term holding&nbsp;","text":"Apple is for long term holding","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/873070588","repostId":"1129004768","repostType":4,"repost":{"id":"1129004768","kind":"news","pubTimestamp":1636764434,"share":"https://www.laohunote.com/m/news/1129004768?lang=zh_CN&edition=full","pubTime":"2021-11-13 08:47","market":"us","language":"en","title":"Apple: The Bear Argument, And Why It's Wrong<blockquote>苹果：熊的论点，以及为什么它是错误的</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1129004768","media":"Seeking Alpha","summary":"Apple has failed to stay above $150 per share for long, and bears are starting to pay attention to the recent weakness in price.I list a couple of the most popular bearish arguments, and explain why I believe that they are either short-sighted or most likely incorrect.Maybe AAPL is not the same pound-the-table buy, but I continue to think that this is a stock to own today through the next several years.This may also help to explain, in part, why Apple's revenues in Greater China shot through the","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Apple has failed to stay above $150 per share for long, and bears are starting to pay attention to the recent weakness in price.</li>  <li>I list a couple of the most popular bearish arguments, and explain why I believe that they are either short-sighted or most likely incorrect.</li>  <li>Maybe AAPL is not the same pound-the-table buy, but I continue to think that this is a stock to own today through the next several years.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4bc955cc5d27328c3b89b327b9368d27\" tg-width=\"1536\" tg-height=\"1020\" width=\"100%\" height=\"auto\"><span>kmwphotography/iStock via Getty Images</span></p><p><blockquote><ul><li>苹果股价未能长期保持在每股150美元以上，空头开始关注近期价格的疲软。</li><li>我列出了几个最流行的看跌论点，并解释了为什么我认为它们要么是短视的，要么很可能是不正确的。</li><li>也许 AAPL 不是那种值得一买的股票，但我仍然认为这是一只在未来几年内值得今天持有的股票。</li></ul><p class=\"t-img-caption\"><span>kmwphotography/iStock 来自 Getty Images</span></p></blockquote></p><p> With Apple (AAPL) once again failing to make fresh all-time highs, now down around 6% from the peak and dipping closer towards key moving-average support, bears have started to pay attention. Still, I think that the case for selling (or shorting) this stock does not hold much water in the long term, and I believe that bears will ultimately tire of swimming against the current.</p><p><blockquote>随着苹果 (AAPL) 再次未能创下历史新高，目前较峰值下跌约 6%，并接近关键移动平均线支撑位，空头已开始关注。尽管如此，我认为从长远来看，卖出（或做空）这只股票的理由并没有太大的说服力，我相信空头最终会厌倦逆流而上。</blockquote></p><p> Below, I list the most common few reasons why one might want to dump or stay away from Apple shares – and why I think that the bearish case is either short-sighted or most likely incorrect.</p><p><blockquote>下面，我列出了人们可能想要抛售或远离苹果股票的几个最常见的原因，以及为什么我认为看跌案例要么是短视的，要么很可能是不正确的。</blockquote></p><p> <b>Key risk #1: drop-off in demand</b></p><p><blockquote><b>关键风险#1：需求下降</b></blockquote></p><p> Not many analysts and portfolio managers have been vocal about avoiding or selling Apple. Experts like New Street's&nbsp;Pierre Ferragu&nbsp;and Satori Fund's&nbsp;Dan Niles&nbsp;are the few that come to mind, and their theses seem to align pretty well with every other bearish call on AAPL that I have seen recently.</p><p><blockquote>没有多少分析师和投资组合经理公开表示要避免或出售苹果。New Street 的 Pierre Ferragu 和 Satori Fund 的 Dan Niles 等专家是少数几个浮现在脑海中的专家，他们的论点似乎与我最近看到的所有其他看跌 AAPL 的看涨期权非常一致。</blockquote></p><p> The first common reason to sell the stock is often phrased in different ways, but can effectively be summarized as follows: Apple's financial results in the near term should suffer from demand that has already turned into revenues in calendar 2020, during the thick of the pandemic and stay-at-home consumption wave. This is particularly true following the launch of the iPhone 13 that some (including legendary Apple founder&nbsp;Steve Wozniak) see as merely a minor upgrade from the previous model.</p><p><blockquote>出售股票的第一个常见原因通常有不同的表述方式，但可以有效地总结如下：苹果近期的财务业绩应该会受到需求的影响，而需求已经在 2020 年转化为收入。疫情和居家消费浪潮。在iPhone 13推出后尤其如此，一些人（包括传奇的苹果创始人Steve Wozniak）认为这只是对之前型号的一个小升级。</blockquote></p><p> I see the concern here, especially considering that Apple will start to face unsurmountable iPhone comps in the holidays and post-holiday quarters – see graph below. But the same chart also shows that there seemed to exist quite a bit of pent-up demand over the many quarters that preceded the iPhone 12 launch. One possible justification for this shift in sales from fiscal 2019-2020 to 2021 is Apple's late entry into the 5G space. Consumers that are loyal to or just prefer the iOS device probably waited patiently to upgrade or switch, and then they did it all at once.</p><p><blockquote>我看到了这里的担忧，特别是考虑到苹果将在假期和假期后的季度开始面临难以逾越的iPhone竞争——见下图。但同一张图表也显示，在iPhone 12发布之前的许多季度里，似乎存在相当多被压抑的需求。从2019-2020财年到2021财年销售转变的一个可能理由是苹果较晚进入5G领域。忠实于或只是偏爱iOS设备的消费者可能会耐心等待升级或切换，然后他们一次性完成所有操作。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7dc677f0a1c77dd39f40b4cc99c6fc15\" tg-width=\"460\" tg-height=\"322\" width=\"100%\" height=\"auto\"><span>Source: DM Martins Research, data from company reports</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：DM Martins Research，数据来自公司报告</span></p></blockquote></p><p> This may also help to explain, in part, why Apple's revenues in Greater China shot through the roof in the past 6 to 12 months. With the country's 5G infrastructure being further developed, owning a device that can handle the faster speeds probably makes most sense. Sales in the region had been lackluster to say the least since 2015, and dropped YOY by as much as 29% in fiscal Q4 of 2020. In the past three quarters, however, revenues climbed by at least 57% in each period.</p><p><blockquote>这或许也有助于部分解释为什么苹果在大中华区的收入在过去 6 到 12 个月中飙升。随着该国5G基础设施的进一步发展，拥有一台能够处理更快速度的设备可能是最有意义的。至少可以说，自 2015 年以来，该地区的销售额一直低迷，2020 财年第四季度同比下降高达 29%。然而，在过去三个季度中，收入每个时期至少增长了 57%。</blockquote></p><p> In the end, over the last 12 quarters – i.e. roughly the useful life of the average iPhone – Apple's smartphone sales have risen by only 4.8% per year. Considering that ASP (average selling price) has likely increased during the period, this figure barely represents any meaningful growth in device shipments over a full cycle. Therefore, to think that demand for Apple's products will fall off a cliff next seems like a stretch, especially if one also considers chip innovation and design updates in Mac and iPad.</p><p><blockquote>最后，在过去的12个季度——大约是iPhone的平均使用寿命——苹果的智能手机销量每年仅增长4.8%。考虑到ASP（平均售价）在此期间可能会增加，这个数字很难代表整个周期内设备出货量的任何有意义的增长。因此，认为苹果产品的需求接下来会断崖式下跌似乎有些牵强，尤其是如果还考虑到Mac和iPad的芯片创新和设计更新的话。</blockquote></p><p> <b>Key risk #2: valuation</b></p><p><blockquote><b>主要风险#2：估值</b></blockquote></p><p> The other key risk of investing in Apple that is often brought up is valuation. Dan Niles, mentioned above, suggests that a next-year P/E of 26 times might not even be the biggest deal. The problem is that this multiple looks too rich against growth expectations that are modest.Analysts expect Apple's EPS&nbsp;to rise by only 4% per year through fiscal 2025. Alphabet (GOOG)(GOOGL), valued at a similar earnings multiple, is expected to drive earnings 16% higher per year over a similar period.</p><p><blockquote>投资苹果的另一个经常被提及的主要风险是估值。上面提到的丹·奈尔斯 (Dan Niles) 表示，明年 26 倍的市盈率可能甚至不是最大的交易。问题是，与适度的增长预期相比，这个倍数看起来太高了。分析师预计，到 2025 财年，苹果的每股收益每年仅增长 4%。Alphabet (GOOG)（GOOGL）的市盈率相似，预计同期每年盈利将增长 16%。</blockquote></p><p> That, in my view, is a more reasonable bearish argument. Per my estimates, Apple is by far the stock with the highest PEG ratio (P/E over long-term EPS growth) of 6.5 times. Amazon (AMZN) is a very distant second on this metric, at 2.3 times. But even here, I see a good argument to be made in favor of Apple.</p><p><blockquote>在我看来，这是一个更合理的看跌论点。根据我的估计，苹果是迄今为止PEG比率（长期每股收益增长的市盈率）最高的股票，为6.5倍。亚马逊 (AMZN) 在该指标上遥遥领先，为 2.3 倍。但即使在这里，我也看到了一个有利于苹果的好论点。</blockquote></p><p></p><p> First, the company has been proving to be a powerful gatekeeper in the tech world. Here is one example: the first, most blatant sign that Apple's iOS privacy policy changes in the summer&nbsp;have been hurting social media companies&nbsp;and their financial statements&nbsp;led to the Nasdaqe&nbsp;rasing $120 billion in market value in a matter of minutes – most of which coming from internet stocks. Should one be expected to pay a premium for a stock in the face of such market control? I would say so.</p><p><blockquote>首先，该公司已被证明是科技界强大的守门人。这里有一个例子：第一个也是最明显的迹象是，苹果今年夏天的iOS隐私政策变化一直在伤害社交媒体公司，他们的财务报表导致纳斯达克市值在几分钟内飙升1200亿美元——其中大部分来自互联网股票。面对这种市场控制，人们是否应该期望为股票支付溢价？我会这么说。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0946db3f3bc62569a56f2dbe2aa75922\" tg-width=\"635\" tg-height=\"417\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据由YCharts提供</span></p></blockquote></p><p> Also, as the chart above depicts, Apple's forward-year P/E has certainly expanded relative to what it used to be a few years ago. But the multi-year move higher seems consistent with (1) a wave of increased demand for Apple's products and services, (2) better margins, (3) a drop in interest rates in 2020, and (4) a broad stock market that has become generally more expensive. Compared to how AAPL traded only about three months ago, P/E has in fact dipped about three turns and returned to early 2021 levels.</p><p><blockquote>此外，如上图所示，与几年前相比，苹果的未来一年市盈率肯定有所扩大。但多年来的走高似乎与以下因素一致：（1）对苹果产品和服务的需求增加，（2）更好的利润率，（3）2020年利率下降，以及（4）广泛的股票市场普遍变得更加昂贵。与大约三个月前 AAPL 的交易方式相比，市盈率实际上已经下降了约三次，并回到了 2021 年初的水平。</blockquote></p><p> <b>Key risk #3: lack of positive catalysts</b></p><p><blockquote><b>关键风险#3：缺乏积极的催化剂</b></blockquote></p><p> The next risk to investing in Apple that is often cited are short-term catalysts. The iPhone 13 was announced a few weeks ago, and&nbsp;so has the refreshed lineup&nbsp;of MacBook Pro devices equipped with the new M1 Pro and Max chips. Fiscal fourth quarter earnings is also in the rearview mirror. In fact, I think that the drop off in relevant Apple news in the fourth quarter correlates well with a stock that, seasonally, tends to perform worse in the November-to-January period. Bears may also argue that, with a few quarters of tough comps ahead, investors might have a hard time finding reasons to buy AAPL in the next few months.</p><p><blockquote>投资苹果的下一个经常被提及的风险是短期催化剂。iPhone 13几周前发布，配备新M1 Pro和Max芯片的MacBook Pro设备阵容也是如此。第四财季盈利也已成为过去。事实上，我认为第四季度相关苹果新闻的下降与 11 月至 1 月期间季节性表现较差的股票密切相关。看空者还可能认为，由于未来几个季度的艰难竞争，投资者可能很难在未来几个月找到购买 AAPL 的理由。</blockquote></p><p> But here, I believe that a bit of patience is warranted. First, the recent malaise in share price alone may be enough to attract new money from investors looking for a good deal on a high-quality stock. But more importantly, longer-term catalysts are likely to make more of a difference on share price and financial performance over the next, say, five years.</p><p><blockquote>但是在这里，我相信一点耐心是必要的。首先，仅近期股价的低迷就足以吸引寻求优质股票优惠的投资者的新资金。但更重要的是，长期催化剂可能会在未来五年内对股价和财务业绩产生更大影响。</blockquote></p><p> I have previously talked in more detail about two catalysts that quickly come to mind. I doubt that much upside from initiatives like mixed reality and&nbsp;autonomous vehicle&nbsp;has been factored into analysts' financial models – and hence, properly priced into the stock. Because Apple is run by a conservative team of executives, I bet that both massive growth opportunities will be pursued if and when they are accretive to the company's earnings. They should, therefore, serve as the key catalysts driving long-term growth expectations (which is relevant for risk #1 above) and share price higher.</p><p><blockquote>我之前更详细地谈到了两个很快浮现在脑海中的催化剂。我怀疑混合现实和自动驾驶汽车等举措的太多上涨空间是否已被纳入分析师的财务模型，因此，该股的定价也得到了适当的体现。由于苹果是由一个保守的高管团队管理的，我敢打赌，如果这两个巨大的增长机会能够增加公司的盈利，那么它们就会被追求。因此，它们应该成为推动长期增长预期（这与上述风险 1 相关）和股价上涨的关键催化剂。</blockquote></p><p> <b>In summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> Apple may not be the same pound-the-table opportunity that I believed it to be&nbsp;in February 2021&nbsp;or, better yet,in April 2018&nbsp;– in both cases, I believed that shares had sold off for no good reason. But I continue to think that AAPL is a stock to own today through the next several years, especially now that the earnings multiple has started to rerate towards year-ago levels. Should Apple continue to head lower in the near term, the pullback (assuming no meaningful change in business fundamentals) would present an even better chance to buy.</p><p><blockquote>苹果可能不会像我在 2021 年 2 月或更好的是，在 2018 年 4 月所认为的那样是千载难逢的机会——在这两种情况下，我都认为股票无缘无故地抛售。但我仍然认为 AAPL 是未来几年值得持有的股票，尤其是现在市盈率已开始向一年前的水平重新评估。如果苹果在短期内继续走低，回调（假设商业基本面没有有意义的变化）将提供更好的买入机会。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple: The Bear Argument, And Why It's Wrong<blockquote>苹果：熊的论点，以及为什么它是错误的</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\">\nApple: The Bear Argument, And Why It's Wrong<blockquote>苹果：熊的论点，以及为什么它是错误的</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Seeking Alpha</strong><span class=\"h-time small\">2021-11-13 08:47</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>Apple has failed to stay above $150 per share for long, and bears are starting to pay attention to the recent weakness in price.</li>  <li>I list a couple of the most popular bearish arguments, and explain why I believe that they are either short-sighted or most likely incorrect.</li>  <li>Maybe AAPL is not the same pound-the-table buy, but I continue to think that this is a stock to own today through the next several years.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4bc955cc5d27328c3b89b327b9368d27\" tg-width=\"1536\" tg-height=\"1020\" width=\"100%\" height=\"auto\"><span>kmwphotography/iStock via Getty Images</span></p><p><blockquote><ul><li>苹果股价未能长期保持在每股150美元以上，空头开始关注近期价格的疲软。</li><li>我列出了几个最流行的看跌论点，并解释了为什么我认为它们要么是短视的，要么很可能是不正确的。</li><li>也许 AAPL 不是那种值得一买的股票，但我仍然认为这是一只在未来几年内值得今天持有的股票。</li></ul><p class=\"t-img-caption\"><span>kmwphotography/iStock 来自 Getty Images</span></p></blockquote></p><p> With Apple (AAPL) once again failing to make fresh all-time highs, now down around 6% from the peak and dipping closer towards key moving-average support, bears have started to pay attention. Still, I think that the case for selling (or shorting) this stock does not hold much water in the long term, and I believe that bears will ultimately tire of swimming against the current.</p><p><blockquote>随着苹果 (AAPL) 再次未能创下历史新高，目前较峰值下跌约 6%，并接近关键移动平均线支撑位，空头已开始关注。尽管如此，我认为从长远来看，卖出（或做空）这只股票的理由并没有太大的说服力，我相信空头最终会厌倦逆流而上。</blockquote></p><p> Below, I list the most common few reasons why one might want to dump or stay away from Apple shares – and why I think that the bearish case is either short-sighted or most likely incorrect.</p><p><blockquote>下面，我列出了人们可能想要抛售或远离苹果股票的几个最常见的原因，以及为什么我认为看跌案例要么是短视的，要么很可能是不正确的。</blockquote></p><p> <b>Key risk #1: drop-off in demand</b></p><p><blockquote><b>关键风险#1：需求下降</b></blockquote></p><p> Not many analysts and portfolio managers have been vocal about avoiding or selling Apple. Experts like New Street's&nbsp;Pierre Ferragu&nbsp;and Satori Fund's&nbsp;Dan Niles&nbsp;are the few that come to mind, and their theses seem to align pretty well with every other bearish call on AAPL that I have seen recently.</p><p><blockquote>没有多少分析师和投资组合经理公开表示要避免或出售苹果。New Street 的 Pierre Ferragu 和 Satori Fund 的 Dan Niles 等专家是少数几个浮现在脑海中的专家，他们的论点似乎与我最近看到的所有其他看跌 AAPL 的看涨期权非常一致。</blockquote></p><p> The first common reason to sell the stock is often phrased in different ways, but can effectively be summarized as follows: Apple's financial results in the near term should suffer from demand that has already turned into revenues in calendar 2020, during the thick of the pandemic and stay-at-home consumption wave. This is particularly true following the launch of the iPhone 13 that some (including legendary Apple founder&nbsp;Steve Wozniak) see as merely a minor upgrade from the previous model.</p><p><blockquote>出售股票的第一个常见原因通常有不同的表述方式，但可以有效地总结如下：苹果近期的财务业绩应该会受到需求的影响，而需求已经在 2020 年转化为收入。疫情和居家消费浪潮。在iPhone 13推出后尤其如此，一些人（包括传奇的苹果创始人Steve Wozniak）认为这只是对之前型号的一个小升级。</blockquote></p><p> I see the concern here, especially considering that Apple will start to face unsurmountable iPhone comps in the holidays and post-holiday quarters – see graph below. But the same chart also shows that there seemed to exist quite a bit of pent-up demand over the many quarters that preceded the iPhone 12 launch. One possible justification for this shift in sales from fiscal 2019-2020 to 2021 is Apple's late entry into the 5G space. Consumers that are loyal to or just prefer the iOS device probably waited patiently to upgrade or switch, and then they did it all at once.</p><p><blockquote>我看到了这里的担忧，特别是考虑到苹果将在假期和假期后的季度开始面临难以逾越的iPhone竞争——见下图。但同一张图表也显示，在iPhone 12发布之前的许多季度里，似乎存在相当多被压抑的需求。从2019-2020财年到2021财年销售转变的一个可能理由是苹果较晚进入5G领域。忠实于或只是偏爱iOS设备的消费者可能会耐心等待升级或切换，然后他们一次性完成所有操作。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7dc677f0a1c77dd39f40b4cc99c6fc15\" tg-width=\"460\" tg-height=\"322\" width=\"100%\" height=\"auto\"><span>Source: DM Martins Research, data from company reports</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：DM Martins Research，数据来自公司报告</span></p></blockquote></p><p> This may also help to explain, in part, why Apple's revenues in Greater China shot through the roof in the past 6 to 12 months. With the country's 5G infrastructure being further developed, owning a device that can handle the faster speeds probably makes most sense. Sales in the region had been lackluster to say the least since 2015, and dropped YOY by as much as 29% in fiscal Q4 of 2020. In the past three quarters, however, revenues climbed by at least 57% in each period.</p><p><blockquote>这或许也有助于部分解释为什么苹果在大中华区的收入在过去 6 到 12 个月中飙升。随着该国5G基础设施的进一步发展，拥有一台能够处理更快速度的设备可能是最有意义的。至少可以说，自 2015 年以来，该地区的销售额一直低迷，2020 财年第四季度同比下降高达 29%。然而，在过去三个季度中，收入每个时期至少增长了 57%。</blockquote></p><p> In the end, over the last 12 quarters – i.e. roughly the useful life of the average iPhone – Apple's smartphone sales have risen by only 4.8% per year. Considering that ASP (average selling price) has likely increased during the period, this figure barely represents any meaningful growth in device shipments over a full cycle. Therefore, to think that demand for Apple's products will fall off a cliff next seems like a stretch, especially if one also considers chip innovation and design updates in Mac and iPad.</p><p><blockquote>最后，在过去的12个季度——大约是iPhone的平均使用寿命——苹果的智能手机销量每年仅增长4.8%。考虑到ASP（平均售价）在此期间可能会增加，这个数字很难代表整个周期内设备出货量的任何有意义的增长。因此，认为苹果产品的需求接下来会断崖式下跌似乎有些牵强，尤其是如果还考虑到Mac和iPad的芯片创新和设计更新的话。</blockquote></p><p> <b>Key risk #2: valuation</b></p><p><blockquote><b>主要风险#2：估值</b></blockquote></p><p> The other key risk of investing in Apple that is often brought up is valuation. Dan Niles, mentioned above, suggests that a next-year P/E of 26 times might not even be the biggest deal. The problem is that this multiple looks too rich against growth expectations that are modest.Analysts expect Apple's EPS&nbsp;to rise by only 4% per year through fiscal 2025. Alphabet (GOOG)(GOOGL), valued at a similar earnings multiple, is expected to drive earnings 16% higher per year over a similar period.</p><p><blockquote>投资苹果的另一个经常被提及的主要风险是估值。上面提到的丹·奈尔斯 (Dan Niles) 表示，明年 26 倍的市盈率可能甚至不是最大的交易。问题是，与适度的增长预期相比，这个倍数看起来太高了。分析师预计，到 2025 财年，苹果的每股收益每年仅增长 4%。Alphabet (GOOG)（GOOGL）的市盈率相似，预计同期每年盈利将增长 16%。</blockquote></p><p> That, in my view, is a more reasonable bearish argument. Per my estimates, Apple is by far the stock with the highest PEG ratio (P/E over long-term EPS growth) of 6.5 times. Amazon (AMZN) is a very distant second on this metric, at 2.3 times. But even here, I see a good argument to be made in favor of Apple.</p><p><blockquote>在我看来，这是一个更合理的看跌论点。根据我的估计，苹果是迄今为止PEG比率（长期每股收益增长的市盈率）最高的股票，为6.5倍。亚马逊 (AMZN) 在该指标上遥遥领先，为 2.3 倍。但即使在这里，我也看到了一个有利于苹果的好论点。</blockquote></p><p></p><p> First, the company has been proving to be a powerful gatekeeper in the tech world. Here is one example: the first, most blatant sign that Apple's iOS privacy policy changes in the summer&nbsp;have been hurting social media companies&nbsp;and their financial statements&nbsp;led to the Nasdaqe&nbsp;rasing $120 billion in market value in a matter of minutes – most of which coming from internet stocks. Should one be expected to pay a premium for a stock in the face of such market control? I would say so.</p><p><blockquote>首先，该公司已被证明是科技界强大的守门人。这里有一个例子：第一个也是最明显的迹象是，苹果今年夏天的iOS隐私政策变化一直在伤害社交媒体公司，他们的财务报表导致纳斯达克市值在几分钟内飙升1200亿美元——其中大部分来自互联网股票。面对这种市场控制，人们是否应该期望为股票支付溢价？我会这么说。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0946db3f3bc62569a56f2dbe2aa75922\" tg-width=\"635\" tg-height=\"417\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据由YCharts提供</span></p></blockquote></p><p> Also, as the chart above depicts, Apple's forward-year P/E has certainly expanded relative to what it used to be a few years ago. But the multi-year move higher seems consistent with (1) a wave of increased demand for Apple's products and services, (2) better margins, (3) a drop in interest rates in 2020, and (4) a broad stock market that has become generally more expensive. Compared to how AAPL traded only about three months ago, P/E has in fact dipped about three turns and returned to early 2021 levels.</p><p><blockquote>此外，如上图所示，与几年前相比，苹果的未来一年市盈率肯定有所扩大。但多年来的走高似乎与以下因素一致：（1）对苹果产品和服务的需求增加，（2）更好的利润率，（3）2020年利率下降，以及（4）广泛的股票市场普遍变得更加昂贵。与大约三个月前 AAPL 的交易方式相比，市盈率实际上已经下降了约三次，并回到了 2021 年初的水平。</blockquote></p><p> <b>Key risk #3: lack of positive catalysts</b></p><p><blockquote><b>关键风险#3：缺乏积极的催化剂</b></blockquote></p><p> The next risk to investing in Apple that is often cited are short-term catalysts. The iPhone 13 was announced a few weeks ago, and&nbsp;so has the refreshed lineup&nbsp;of MacBook Pro devices equipped with the new M1 Pro and Max chips. Fiscal fourth quarter earnings is also in the rearview mirror. In fact, I think that the drop off in relevant Apple news in the fourth quarter correlates well with a stock that, seasonally, tends to perform worse in the November-to-January period. Bears may also argue that, with a few quarters of tough comps ahead, investors might have a hard time finding reasons to buy AAPL in the next few months.</p><p><blockquote>投资苹果的下一个经常被提及的风险是短期催化剂。iPhone 13几周前发布，配备新M1 Pro和Max芯片的MacBook Pro设备阵容也是如此。第四财季盈利也已成为过去。事实上，我认为第四季度相关苹果新闻的下降与 11 月至 1 月期间季节性表现较差的股票密切相关。看空者还可能认为，由于未来几个季度的艰难竞争，投资者可能很难在未来几个月找到购买 AAPL 的理由。</blockquote></p><p> But here, I believe that a bit of patience is warranted. First, the recent malaise in share price alone may be enough to attract new money from investors looking for a good deal on a high-quality stock. But more importantly, longer-term catalysts are likely to make more of a difference on share price and financial performance over the next, say, five years.</p><p><blockquote>但是在这里，我相信一点耐心是必要的。首先，仅近期股价的低迷就足以吸引寻求优质股票优惠的投资者的新资金。但更重要的是，长期催化剂可能会在未来五年内对股价和财务业绩产生更大影响。</blockquote></p><p> I have previously talked in more detail about two catalysts that quickly come to mind. I doubt that much upside from initiatives like mixed reality and&nbsp;autonomous vehicle&nbsp;has been factored into analysts' financial models – and hence, properly priced into the stock. Because Apple is run by a conservative team of executives, I bet that both massive growth opportunities will be pursued if and when they are accretive to the company's earnings. They should, therefore, serve as the key catalysts driving long-term growth expectations (which is relevant for risk #1 above) and share price higher.</p><p><blockquote>我之前更详细地谈到了两个很快浮现在脑海中的催化剂。我怀疑混合现实和自动驾驶汽车等举措的太多上涨空间是否已被纳入分析师的财务模型，因此，该股的定价也得到了适当的体现。由于苹果是由一个保守的高管团队管理的，我敢打赌，如果这两个巨大的增长机会能够增加公司的盈利，那么它们就会被追求。因此，它们应该成为推动长期增长预期（这与上述风险 1 相关）和股价上涨的关键催化剂。</blockquote></p><p> <b>In summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> Apple may not be the same pound-the-table opportunity that I believed it to be&nbsp;in February 2021&nbsp;or, better yet,in April 2018&nbsp;– in both cases, I believed that shares had sold off for no good reason. But I continue to think that AAPL is a stock to own today through the next several years, especially now that the earnings multiple has started to rerate towards year-ago levels. Should Apple continue to head lower in the near term, the pullback (assuming no meaningful change in business fundamentals) would present an even better chance to buy.</p><p><blockquote>苹果可能不会像我在 2021 年 2 月或更好的是，在 2018 年 4 月所认为的那样是千载难逢的机会——在这两种情况下，我都认为股票无缘无故地抛售。但我仍然认为 AAPL 是未来几年值得持有的股票，尤其是现在市盈率已开始向一年前的水平重新评估。如果苹果在短期内继续走低，回调（假设商业基本面没有有意义的变化）将提供更好的买入机会。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4468890-apple-the-bear-argument-and-why-its-wrong\">Seeking Alpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://seekingalpha.com/article/4468890-apple-the-bear-argument-and-why-its-wrong","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1129004768","content_text":"Summary\n\nApple has failed to stay above $150 per share for long, and bears are starting to pay attention to the recent weakness in price.\nI list a couple of the most popular bearish arguments, and explain why I believe that they are either short-sighted or most likely incorrect.\nMaybe AAPL is not the same pound-the-table buy, but I continue to think that this is a stock to own today through the next several years.\n\nkmwphotography/iStock via Getty Images\nWith Apple (AAPL) once again failing to make fresh all-time highs, now down around 6% from the peak and dipping closer towards key moving-average support, bears have started to pay attention. Still, I think that the case for selling (or shorting) this stock does not hold much water in the long term, and I believe that bears will ultimately tire of swimming against the current.\nBelow, I list the most common few reasons why one might want to dump or stay away from Apple shares – and why I think that the bearish case is either short-sighted or most likely incorrect.\nKey risk #1: drop-off in demand\nNot many analysts and portfolio managers have been vocal about avoiding or selling Apple. Experts like New Street's Pierre Ferragu and Satori Fund's Dan Niles are the few that come to mind, and their theses seem to align pretty well with every other bearish call on AAPL that I have seen recently.\nThe first common reason to sell the stock is often phrased in different ways, but can effectively be summarized as follows: Apple's financial results in the near term should suffer from demand that has already turned into revenues in calendar 2020, during the thick of the pandemic and stay-at-home consumption wave. This is particularly true following the launch of the iPhone 13 that some (including legendary Apple founder Steve Wozniak) see as merely a minor upgrade from the previous model.\nI see the concern here, especially considering that Apple will start to face unsurmountable iPhone comps in the holidays and post-holiday quarters – see graph below. But the same chart also shows that there seemed to exist quite a bit of pent-up demand over the many quarters that preceded the iPhone 12 launch. One possible justification for this shift in sales from fiscal 2019-2020 to 2021 is Apple's late entry into the 5G space. Consumers that are loyal to or just prefer the iOS device probably waited patiently to upgrade or switch, and then they did it all at once.\nSource: DM Martins Research, data from company reports\nThis may also help to explain, in part, why Apple's revenues in Greater China shot through the roof in the past 6 to 12 months. With the country's 5G infrastructure being further developed, owning a device that can handle the faster speeds probably makes most sense. Sales in the region had been lackluster to say the least since 2015, and dropped YOY by as much as 29% in fiscal Q4 of 2020. In the past three quarters, however, revenues climbed by at least 57% in each period.\nIn the end, over the last 12 quarters – i.e. roughly the useful life of the average iPhone – Apple's smartphone sales have risen by only 4.8% per year. Considering that ASP (average selling price) has likely increased during the period, this figure barely represents any meaningful growth in device shipments over a full cycle. Therefore, to think that demand for Apple's products will fall off a cliff next seems like a stretch, especially if one also considers chip innovation and design updates in Mac and iPad.\nKey risk #2: valuation\nThe other key risk of investing in Apple that is often brought up is valuation. Dan Niles, mentioned above, suggests that a next-year P/E of 26 times might not even be the biggest deal. The problem is that this multiple looks too rich against growth expectations that are modest.Analysts expect Apple's EPS to rise by only 4% per year through fiscal 2025. Alphabet (GOOG)(GOOGL), valued at a similar earnings multiple, is expected to drive earnings 16% higher per year over a similar period.\nThat, in my view, is a more reasonable bearish argument. Per my estimates, Apple is by far the stock with the highest PEG ratio (P/E over long-term EPS growth) of 6.5 times. Amazon (AMZN) is a very distant second on this metric, at 2.3 times. But even here, I see a good argument to be made in favor of Apple.\nFirst, the company has been proving to be a powerful gatekeeper in the tech world. Here is one example: the first, most blatant sign that Apple's iOS privacy policy changes in the summer have been hurting social media companies and their financial statements led to the Nasdaqe rasing $120 billion in market value in a matter of minutes – most of which coming from internet stocks. Should one be expected to pay a premium for a stock in the face of such market control? I would say so.\nData by YCharts\nAlso, as the chart above depicts, Apple's forward-year P/E has certainly expanded relative to what it used to be a few years ago. But the multi-year move higher seems consistent with (1) a wave of increased demand for Apple's products and services, (2) better margins, (3) a drop in interest rates in 2020, and (4) a broad stock market that has become generally more expensive. Compared to how AAPL traded only about three months ago, P/E has in fact dipped about three turns and returned to early 2021 levels.\nKey risk #3: lack of positive catalysts\nThe next risk to investing in Apple that is often cited are short-term catalysts. The iPhone 13 was announced a few weeks ago, and so has the refreshed lineup of MacBook Pro devices equipped with the new M1 Pro and Max chips. Fiscal fourth quarter earnings is also in the rearview mirror. In fact, I think that the drop off in relevant Apple news in the fourth quarter correlates well with a stock that, seasonally, tends to perform worse in the November-to-January period. Bears may also argue that, with a few quarters of tough comps ahead, investors might have a hard time finding reasons to buy AAPL in the next few months.\nBut here, I believe that a bit of patience is warranted. First, the recent malaise in share price alone may be enough to attract new money from investors looking for a good deal on a high-quality stock. But more importantly, longer-term catalysts are likely to make more of a difference on share price and financial performance over the next, say, five years.\nI have previously talked in more detail about two catalysts that quickly come to mind. I doubt that much upside from initiatives like mixed reality and autonomous vehicle has been factored into analysts' financial models – and hence, properly priced into the stock. Because Apple is run by a conservative team of executives, I bet that both massive growth opportunities will be pursued if and when they are accretive to the company's earnings. They should, therefore, serve as the key catalysts driving long-term growth expectations (which is relevant for risk #1 above) and share price higher.\nIn summary\nApple may not be the same pound-the-table opportunity that I believed it to be in February 2021 or, better yet,in April 2018 – in both cases, I believed that shares had sold off for no good reason. But I continue to think that AAPL is a stock to own today through the next several years, especially now that the earnings multiple has started to rerate towards year-ago levels. Should Apple continue to head lower in the near term, the pullback (assuming no meaningful change in business fundamentals) would present an even better chance to buy.","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":3622,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":841284690,"gmtCreate":1635915275967,"gmtModify":1635915276055,"author":{"id":"3578792610239057","authorId":"3578792610239057","name":"Motivator","avatar":"https://static.tigerbbs.com/e7b2f7cbaac610d00a7c522b479a1ca5","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578792610239057","authorIdStr":"3578792610239057"},"themes":[],"title":"","htmlText":"Yes, good insight&nbsp;","listText":"Yes, good insight&nbsp;","text":"Yes, good insight","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/841284690","repostId":"2180782003","repostType":2,"isVote":1,"tweetType":1,"viewCount":576,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":822625412,"gmtCreate":1634129191293,"gmtModify":1634129191458,"author":{"id":"3578792610239057","authorId":"3578792610239057","name":"Motivator","avatar":"https://static.tigerbbs.com/e7b2f7cbaac610d00a7c522b479a1ca5","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578792610239057","authorIdStr":"3578792610239057"},"themes":[],"title":"","htmlText":"Better not to buy&nbsp;","listText":"Better not to buy&nbsp;","text":"Better not to buy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/822625412","repostId":"1104360269","repostType":4,"repost":{"id":"1104360269","kind":"news","pubTimestamp":1634112030,"share":"https://www.laohunote.com/m/news/1104360269?lang=zh_CN&edition=full","pubTime":"2021-10-13 16:00","market":"us","language":"en","title":"Wall Street Says: Buy These 3 Nasdaq Stocks On The Dip<blockquote>华尔街表示：逢低买入这3只纳斯达克股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1104360269","media":"TheStreet","summary":"Wall Street Memes lists the three worst-performing Nasdaq 100 stocks in the last 52 weeks. Should in","content":"<p>Wall Street Memes lists the three worst-performing Nasdaq 100 stocks in the last 52 weeks. Should investors take the opportunity to buy the dip?</p><p><blockquote>华尔街模因列出了过去 52 周内表现最差的三只纳斯达克 100 指数股票。投资者该不该趁机抄底？</blockquote></p><p> The Nasdaq 100&nbsp;has risen 28% in the last 12 months. The tech-rich index includes some of the most well-known companies listed on the US stock exchange, from Apple&nbsp;to Amazon&nbsp;and beyond. In the last five years, the Nasdaq’s value has jumped an astounding 209%.</p><p><blockquote>纳斯达克100指数在过去12个月里上涨了28%。这个科技丰富的指数包括一些在美国证券交易所上市的最知名的公司，从苹果到亚马逊等等。在过去五年中，纳斯达克的价值跃升了 209%，令人震惊。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ac32321c1c19691dfb6a4cdb6dc89091\" tg-width=\"672\" tg-height=\"481\" width=\"100%\" height=\"auto\"><span>Figure 1: Nasdaq Invesco QQQ performance in the past 5 years.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图1：纳斯达克景顺QQQ近5年表现。</span></p></blockquote></p><p> In its search for good deals, Wall Street Memes looked at the worst performing Nasdaq 100 stocks in the last 52 weeks. Could negative momentum give way to bargain hunting and turn some of these stock into winners in the foreseeable future? Below are three potential buy-on-dip ideas.</p><p><blockquote>为了寻找好的交易，华尔街迷因研究了过去 52 周内表现最差的纳斯达克 100 指数股票。在可预见的未来，负面势头能否让位于抄底并将其中一些股票变成赢家？以下是三个潜在的逢低买入想法。</blockquote></p><p> <b>#3 Vertex Pharmaceuticals - $VRTX</b></p><p><blockquote><b>#3 顶点制药 - $VRTX</b></blockquote></p><p> The $46 billion market cap pharmaceutical company develops and markets therapies for treating cystic fibrosis.&nbsp;<b>VRTX</b>&nbsp;stock has been down 22% year-to-date and is currently priced at $179 at last check. Wall Street consensus on the stock is a moderate buy. Based on 13 reports in the last three months, the price target consensus of $245 suggests 37% upside potential.</p><p><blockquote>这家市值达 460 亿美元的制药公司开发并销售治疗囊性纤维化的疗法。<b>VRTX</b>今年迄今为止，该股已下跌 22%，上次检查时目前价格为 179 美元。华尔街对该股的共识是适度买入。根据过去三个月的 13 份报告，245 美元的目标价共识表明有 37% 的上涨潜力。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9ca3ea7d3f8df55881c3873f461b4318\" tg-width=\"677\" tg-height=\"470\" width=\"100%\" height=\"auto\"><span>Figure 2: VRTX performance year-to-date.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图 2：VRTX 年初至今的性能。</span></p></blockquote></p><p> Bearishness has been well presented by research company Stifel. After&nbsp;downgrading&nbsp;the stock from buy to neutral, the skeptical analyst assigned high market risk for the company’s drug pipeline, given that Vertex is a $50 billion company and its next programs are “unlikely to be narrative changing”.</p><p><blockquote>研究公司 Stifel 很好地表达了悲观情绪。在将该股评级从买入下调至中性后，这位持怀疑态度的分析师认为该公司的药品管道存在很高的市场风险，因为 Vertex 是一家市值 500 亿美元的公司，其下一步计划 “不太可能改变叙事”。</blockquote></p><p> On the other hand, Piper Sandler analyst&nbsp;recommended&nbsp;the stock a couple of months ago and bumped his price target on VRTX to $323 from $261. He attributed his bullishness in part to transformational drug Trikafta and convictions that the company would beat on earnings.</p><p><blockquote>另一方面，Piper Sandler 分析师几个月前推荐了该股，并将 VRTX 的目标价从 261 美元上调至 323 美元。他将自己的乐观情绪部分归因于变革性药物 Trikafta，以及对该公司盈利将超越的信念。</blockquote></p><p> <b>#2 Peloton Interactive - $PTON</b></p><p><blockquote><b>#2 Peloton Interactive - $PTON</b></blockquote></p><p> The company, which provides interactive fitness products and subscriptions, was a pandemic darling last year. In 2021, however, the stock has been struggling.<b>PTON</b>&nbsp;stock has been down 41% year-to-date and is currently priced at $86 at last check.</p><p><blockquote>该公司提供互动健身产品和订阅服务，去年是疫情的宠儿。然而，2021年，该股一直在苦苦挣扎。<b>普顿</b>今年迄今为止，该股已下跌 41%，上次检查时目前价格为 86 美元。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f3ef56058e86dac52ed1bec3a0acc19a\" tg-width=\"664\" tg-height=\"492\" width=\"100%\" height=\"auto\"><span>Figure 3: PTON performance year-to-date.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图 3：PTON 年初至今的表现。</span></p></blockquote></p><p> Despite poor momentum, Wall Street believes that this could be a good time to invest in Peloton stock. The $26 billion market cap company has a buy consensus and a $127 price target that points at 47% upside, based on 22 reports issued in the last three months.</p><p><blockquote>尽管势头不佳，但华尔街认为这可能是投资 Peloton 股票的好时机。根据过去三个月发布的 22 份报告，这家市值 260 亿美元的公司获得了买入共识，目标价为 127 美元，上涨空间为 47%。</blockquote></p><p> The bear case is explained by UBS and is backed up by analysis on valuation that is arguably stretched. Analyst Eric Sheridan has recentlyreiterateda sell rating on the stock, forecasting a $70 price on PTON for 18% downside.</p><p><blockquote>瑞银解释了熊市的情况，并得到了可以说是夸张的估值分析的支持。分析师埃里克·谢里丹 (Eric Sheridan) 最近重申了该股的卖出评级，预测 PTON 价格为 70 美元，下跌 18%。</blockquote></p><p>   <i>\"The stock’s appreciation to more than 17% over two days implies close to $1.2B of sales that the market is assigning to the opportunity based on where the stock is trading on 2023 EV-to-sales average multiple of 4.2x. Street expects 2023 connected fitness subscribers of around 5.06 million. This implies roughly $240 of spend per subscriber per year.\"</i>  On the bullish side, Barclays analyst Mario Lu&nbsp;justified&nbsp;the recent miss in gross margins on higher-than-expected refunds from the Tread recall along with continued increase in shipping costs. Bullishness is reiterated due to fiscal 2022 now being seen as an investment year, as Peloton looks to plow money aggressively into both marketing and R&amp;D – which the analyst believes to be the right long-term decision. He has a buy rating on PTON and 50% upside opportunity.</p><p><blockquote><i>“该股在两天内升值超过 17%，这意味着根据该股的交易价格，市场将为 The opportunity 分配近 12 亿美元的销售额，2023 年 EV 与销售额的平均倍数为 4.2 倍。Street 预计 2023 年的互联健身用户将达到约 506 万。这意味着每个用户每年的支出约为 240 美元”。</i>从乐观的角度来看，巴克莱分析师马里奥·卢 (Mario Lu) 解释了最近毛利率下降的原因是胎面召回的退款高于预期以及运输成本持续增加。由于 2022 财年现在被视为投资年，乐观情绪再次得到重申，因为 Peloton 希望积极将资金投入营销和研发——分析师认为这是正确的长期决定。他对 PTON 给予买入评级，上涨机会为 50%。</blockquote></p><p> Lastly, famed investor Cathie Wood&nbsp;purchased&nbsp;a sizeable batch of PTON stock a few days ago. Wood’s Ark fund bought the dip as the company missed earnings estimates, and it currently owns 1.7 million shares of PTON that are worth $172 million.</p><p><blockquote>最后，著名投资者 Cathie Wood 几天前购买了大量 PTON 股票。伍德的方舟基金逢低买入，因为该公司未能达到盈利预期，目前该公司持有 170 万股 PTON 股票，价值 1.72 亿美元。</blockquote></p><p> <b>#1 Pinduoduo Inc. - $PDD</b></p><p><blockquote><b>#1 拼多多 - $PDD</b></blockquote></p><p> This Shanghai-based e-commerce operator&nbsp;<b>PDD</b>&nbsp;saw its stock drop more than 42% year-to-date – shares are currently valued at $96 at last check. The $118 billion market cap company is a strong buy according to Wall Street and is expected to recover 42% over the next twelve months. With a consensus price target of $137 forecasted by nine sell-side analysts over the last three months, Pinduoduo is believed to be undervalued.</p><p><blockquote>这家总部位于上海的电子商务运营商<b>PDD</b>今年迄今为止，其股价已下跌超过 42%——上次检查时，股价目前为 96 美元。据华尔街称，这家市值达 1180 亿美元的公司值得强力买入，预计未来 12 个月将恢复 42%。过去三个月，九位卖方分析师预测拼多多的一致目标价为 137 美元，因此被认为被低估。</blockquote></p><p></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2c71aaf3f1c288906054fc28ee7ff545\" tg-width=\"667\" tg-height=\"485\" width=\"100%\" height=\"auto\"><span>Figure 4: PDD performance year-to-date.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图 4：年初至今的 PDD 表现。</span></p></blockquote></p><p> China Renaissance analyst Nicky Ge&nbsp;forecasts&nbsp;$150 share price and attributes PDD’s recent stock weakness partly on market expectations for 2021 gross merchandising value growth. The analyst also added the following commentary:</p><p><blockquote>华兴资本分析师 Nicky Ge 预测股价为 150 美元，并将 PDD 近期股价疲软的部分原因归因于市场对 2021 年商品总价值增长的预期。分析师还补充了以下评论：</blockquote></p><p>   <i>“Given a lackluster recovery in China’s internet retailing market in 1H21, we forecast PDD to deliver 43% and 40% YoY gross merchandising value growth in 2Q21E and 2021E, respectively, compared to 66% YoY growth in 2020.”</i>  Two months ago, Benchmark analyst Fawne Jiang&nbsp;lowered&nbsp;his PDD price target to $156 from $176. Mixed Q2 results, headlined by an “outsized beat on earnings although revenue missed mainly as a result of 1P sales fluctuations”, were to blame. However, the analyst is incrementally more bullish on the company's long-term earnings potential and believes that investing in the next sustainable moat is strategically important for long-term growth.</p><p><blockquote><i>“鉴于中国互联网零售市场在 21 年上半年的复苏乏力，我们预测 PDD 在 21 年第二季度和 2021 年第二季度的总商品价值将分别实现 43% 和 40% 的同比增长，而 2020 年的同比增长为 66%。”</i>两个月前，Benchmark 分析师 Fawne Jiang 将 PDD 目标价从 176 美元下调至 156 美元。第二季度业绩喜忧参半，其头条新闻是 “尽管收入下降主要是由于 1 便士的销售额波动，但盈利却大幅增长”，这是罪魁祸首。然而，分析师越来越看好该公司的长期盈利潜力，并认为投资下一个可持续护城河对于长期增长具有重要的战略意义。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wall Street Says: Buy These 3 Nasdaq Stocks On The Dip<blockquote>华尔街表示：逢低买入这3只纳斯达克股票</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\">\nWall Street Says: Buy These 3 Nasdaq Stocks On The Dip<blockquote>华尔街表示：逢低买入这3只纳斯达克股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">TheStreet</strong><span class=\"h-time small\">2021-10-13 16:00</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Wall Street Memes lists the three worst-performing Nasdaq 100 stocks in the last 52 weeks. Should investors take the opportunity to buy the dip?</p><p><blockquote>华尔街模因列出了过去 52 周内表现最差的三只纳斯达克 100 指数股票。投资者该不该趁机抄底？</blockquote></p><p> The Nasdaq 100&nbsp;has risen 28% in the last 12 months. The tech-rich index includes some of the most well-known companies listed on the US stock exchange, from Apple&nbsp;to Amazon&nbsp;and beyond. In the last five years, the Nasdaq’s value has jumped an astounding 209%.</p><p><blockquote>纳斯达克100指数在过去12个月里上涨了28%。这个科技丰富的指数包括一些在美国证券交易所上市的最知名的公司，从苹果到亚马逊等等。在过去五年中，纳斯达克的价值跃升了 209%，令人震惊。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ac32321c1c19691dfb6a4cdb6dc89091\" tg-width=\"672\" tg-height=\"481\" width=\"100%\" height=\"auto\"><span>Figure 1: Nasdaq Invesco QQQ performance in the past 5 years.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图1：纳斯达克景顺QQQ近5年表现。</span></p></blockquote></p><p> In its search for good deals, Wall Street Memes looked at the worst performing Nasdaq 100 stocks in the last 52 weeks. Could negative momentum give way to bargain hunting and turn some of these stock into winners in the foreseeable future? Below are three potential buy-on-dip ideas.</p><p><blockquote>为了寻找好的交易，华尔街迷因研究了过去 52 周内表现最差的纳斯达克 100 指数股票。在可预见的未来，负面势头能否让位于抄底并将其中一些股票变成赢家？以下是三个潜在的逢低买入想法。</blockquote></p><p> <b>#3 Vertex Pharmaceuticals - $VRTX</b></p><p><blockquote><b>#3 顶点制药 - $VRTX</b></blockquote></p><p> The $46 billion market cap pharmaceutical company develops and markets therapies for treating cystic fibrosis.&nbsp;<b>VRTX</b>&nbsp;stock has been down 22% year-to-date and is currently priced at $179 at last check. Wall Street consensus on the stock is a moderate buy. Based on 13 reports in the last three months, the price target consensus of $245 suggests 37% upside potential.</p><p><blockquote>这家市值达 460 亿美元的制药公司开发并销售治疗囊性纤维化的疗法。<b>VRTX</b>今年迄今为止，该股已下跌 22%，上次检查时目前价格为 179 美元。华尔街对该股的共识是适度买入。根据过去三个月的 13 份报告，245 美元的目标价共识表明有 37% 的上涨潜力。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9ca3ea7d3f8df55881c3873f461b4318\" tg-width=\"677\" tg-height=\"470\" width=\"100%\" height=\"auto\"><span>Figure 2: VRTX performance year-to-date.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图 2：VRTX 年初至今的性能。</span></p></blockquote></p><p> Bearishness has been well presented by research company Stifel. After&nbsp;downgrading&nbsp;the stock from buy to neutral, the skeptical analyst assigned high market risk for the company’s drug pipeline, given that Vertex is a $50 billion company and its next programs are “unlikely to be narrative changing”.</p><p><blockquote>研究公司 Stifel 很好地表达了悲观情绪。在将该股评级从买入下调至中性后，这位持怀疑态度的分析师认为该公司的药品管道存在很高的市场风险，因为 Vertex 是一家市值 500 亿美元的公司，其下一步计划 “不太可能改变叙事”。</blockquote></p><p> On the other hand, Piper Sandler analyst&nbsp;recommended&nbsp;the stock a couple of months ago and bumped his price target on VRTX to $323 from $261. He attributed his bullishness in part to transformational drug Trikafta and convictions that the company would beat on earnings.</p><p><blockquote>另一方面，Piper Sandler 分析师几个月前推荐了该股，并将 VRTX 的目标价从 261 美元上调至 323 美元。他将自己的乐观情绪部分归因于变革性药物 Trikafta，以及对该公司盈利将超越的信念。</blockquote></p><p> <b>#2 Peloton Interactive - $PTON</b></p><p><blockquote><b>#2 Peloton Interactive - $PTON</b></blockquote></p><p> The company, which provides interactive fitness products and subscriptions, was a pandemic darling last year. In 2021, however, the stock has been struggling.<b>PTON</b>&nbsp;stock has been down 41% year-to-date and is currently priced at $86 at last check.</p><p><blockquote>该公司提供互动健身产品和订阅服务，去年是疫情的宠儿。然而，2021年，该股一直在苦苦挣扎。<b>普顿</b>今年迄今为止，该股已下跌 41%，上次检查时目前价格为 86 美元。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f3ef56058e86dac52ed1bec3a0acc19a\" tg-width=\"664\" tg-height=\"492\" width=\"100%\" height=\"auto\"><span>Figure 3: PTON performance year-to-date.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图 3：PTON 年初至今的表现。</span></p></blockquote></p><p> Despite poor momentum, Wall Street believes that this could be a good time to invest in Peloton stock. The $26 billion market cap company has a buy consensus and a $127 price target that points at 47% upside, based on 22 reports issued in the last three months.</p><p><blockquote>尽管势头不佳，但华尔街认为这可能是投资 Peloton 股票的好时机。根据过去三个月发布的 22 份报告，这家市值 260 亿美元的公司获得了买入共识，目标价为 127 美元，上涨空间为 47%。</blockquote></p><p> The bear case is explained by UBS and is backed up by analysis on valuation that is arguably stretched. Analyst Eric Sheridan has recentlyreiterateda sell rating on the stock, forecasting a $70 price on PTON for 18% downside.</p><p><blockquote>瑞银解释了熊市的情况，并得到了可以说是夸张的估值分析的支持。分析师埃里克·谢里丹 (Eric Sheridan) 最近重申了该股的卖出评级，预测 PTON 价格为 70 美元，下跌 18%。</blockquote></p><p>   <i>\"The stock’s appreciation to more than 17% over two days implies close to $1.2B of sales that the market is assigning to the opportunity based on where the stock is trading on 2023 EV-to-sales average multiple of 4.2x. Street expects 2023 connected fitness subscribers of around 5.06 million. This implies roughly $240 of spend per subscriber per year.\"</i>  On the bullish side, Barclays analyst Mario Lu&nbsp;justified&nbsp;the recent miss in gross margins on higher-than-expected refunds from the Tread recall along with continued increase in shipping costs. Bullishness is reiterated due to fiscal 2022 now being seen as an investment year, as Peloton looks to plow money aggressively into both marketing and R&amp;D – which the analyst believes to be the right long-term decision. He has a buy rating on PTON and 50% upside opportunity.</p><p><blockquote><i>“该股在两天内升值超过 17%，这意味着根据该股的交易价格，市场将为 The opportunity 分配近 12 亿美元的销售额，2023 年 EV 与销售额的平均倍数为 4.2 倍。Street 预计 2023 年的互联健身用户将达到约 506 万。这意味着每个用户每年的支出约为 240 美元”。</i>从乐观的角度来看，巴克莱分析师马里奥·卢 (Mario Lu) 解释了最近毛利率下降的原因是胎面召回的退款高于预期以及运输成本持续增加。由于 2022 财年现在被视为投资年，乐观情绪再次得到重申，因为 Peloton 希望积极将资金投入营销和研发——分析师认为这是正确的长期决定。他对 PTON 给予买入评级，上涨机会为 50%。</blockquote></p><p> Lastly, famed investor Cathie Wood&nbsp;purchased&nbsp;a sizeable batch of PTON stock a few days ago. Wood’s Ark fund bought the dip as the company missed earnings estimates, and it currently owns 1.7 million shares of PTON that are worth $172 million.</p><p><blockquote>最后，著名投资者 Cathie Wood 几天前购买了大量 PTON 股票。伍德的方舟基金逢低买入，因为该公司未能达到盈利预期，目前该公司持有 170 万股 PTON 股票，价值 1.72 亿美元。</blockquote></p><p> <b>#1 Pinduoduo Inc. - $PDD</b></p><p><blockquote><b>#1 拼多多 - $PDD</b></blockquote></p><p> This Shanghai-based e-commerce operator&nbsp;<b>PDD</b>&nbsp;saw its stock drop more than 42% year-to-date – shares are currently valued at $96 at last check. The $118 billion market cap company is a strong buy according to Wall Street and is expected to recover 42% over the next twelve months. With a consensus price target of $137 forecasted by nine sell-side analysts over the last three months, Pinduoduo is believed to be undervalued.</p><p><blockquote>这家总部位于上海的电子商务运营商<b>PDD</b>今年迄今为止，其股价已下跌超过 42%——上次检查时，股价目前为 96 美元。据华尔街称，这家市值达 1180 亿美元的公司值得强力买入，预计未来 12 个月将恢复 42%。过去三个月，九位卖方分析师预测拼多多的一致目标价为 137 美元，因此被认为被低估。</blockquote></p><p></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2c71aaf3f1c288906054fc28ee7ff545\" tg-width=\"667\" tg-height=\"485\" width=\"100%\" height=\"auto\"><span>Figure 4: PDD performance year-to-date.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图 4：年初至今的 PDD 表现。</span></p></blockquote></p><p> China Renaissance analyst Nicky Ge&nbsp;forecasts&nbsp;$150 share price and attributes PDD’s recent stock weakness partly on market expectations for 2021 gross merchandising value growth. The analyst also added the following commentary:</p><p><blockquote>华兴资本分析师 Nicky Ge 预测股价为 150 美元，并将 PDD 近期股价疲软的部分原因归因于市场对 2021 年商品总价值增长的预期。分析师还补充了以下评论：</blockquote></p><p>   <i>“Given a lackluster recovery in China’s internet retailing market in 1H21, we forecast PDD to deliver 43% and 40% YoY gross merchandising value growth in 2Q21E and 2021E, respectively, compared to 66% YoY growth in 2020.”</i>  Two months ago, Benchmark analyst Fawne Jiang&nbsp;lowered&nbsp;his PDD price target to $156 from $176. Mixed Q2 results, headlined by an “outsized beat on earnings although revenue missed mainly as a result of 1P sales fluctuations”, were to blame. However, the analyst is incrementally more bullish on the company's long-term earnings potential and believes that investing in the next sustainable moat is strategically important for long-term growth.</p><p><blockquote><i>“鉴于中国互联网零售市场在 21 年上半年的复苏乏力，我们预测 PDD 在 21 年第二季度和 2021 年第二季度的总商品价值将分别实现 43% 和 40% 的同比增长，而 2020 年的同比增长为 66%。”</i>两个月前，Benchmark 分析师 Fawne Jiang 将 PDD 目标价从 176 美元下调至 156 美元。第二季度业绩喜忧参半，其头条新闻是 “尽管收入下降主要是由于 1 便士的销售额波动，但盈利却大幅增长”，这是罪魁祸首。然而，分析师越来越看好该公司的长期盈利潜力，并认为投资下一个可持续护城河对于长期增长具有重要的战略意义。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.thestreet.com/memestocks/other-memes/wall-street-says-buy-these-3-nasdaq-stocks-on-the-dip\">TheStreet</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"VRTX":"福泰制药","QQQ":"纳指100ETF","PDD":"拼多多","PTON":"Peloton Interactive, Inc."},"source_url":"https://www.thestreet.com/memestocks/other-memes/wall-street-says-buy-these-3-nasdaq-stocks-on-the-dip","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1104360269","content_text":"Wall Street Memes lists the three worst-performing Nasdaq 100 stocks in the last 52 weeks. Should investors take the opportunity to buy the dip?\nThe Nasdaq 100 has risen 28% in the last 12 months. The tech-rich index includes some of the most well-known companies listed on the US stock exchange, from Apple to Amazon and beyond. In the last five years, the Nasdaq’s value has jumped an astounding 209%.\nFigure 1: Nasdaq Invesco QQQ performance in the past 5 years.\nIn its search for good deals, Wall Street Memes looked at the worst performing Nasdaq 100 stocks in the last 52 weeks. Could negative momentum give way to bargain hunting and turn some of these stock into winners in the foreseeable future? Below are three potential buy-on-dip ideas.\n#3 Vertex Pharmaceuticals - $VRTX\nThe $46 billion market cap pharmaceutical company develops and markets therapies for treating cystic fibrosis. VRTX stock has been down 22% year-to-date and is currently priced at $179 at last check. Wall Street consensus on the stock is a moderate buy. Based on 13 reports in the last three months, the price target consensus of $245 suggests 37% upside potential.\nFigure 2: VRTX performance year-to-date.\nBearishness has been well presented by research company Stifel. After downgrading the stock from buy to neutral, the skeptical analyst assigned high market risk for the company’s drug pipeline, given that Vertex is a $50 billion company and its next programs are “unlikely to be narrative changing”.\nOn the other hand, Piper Sandler analyst recommended the stock a couple of months ago and bumped his price target on VRTX to $323 from $261. He attributed his bullishness in part to transformational drug Trikafta and convictions that the company would beat on earnings.\n#2 Peloton Interactive - $PTON\nThe company, which provides interactive fitness products and subscriptions, was a pandemic darling last year. In 2021, however, the stock has been struggling.PTON stock has been down 41% year-to-date and is currently priced at $86 at last check.\nFigure 3: PTON performance year-to-date.\nDespite poor momentum, Wall Street believes that this could be a good time to invest in Peloton stock. The $26 billion market cap company has a buy consensus and a $127 price target that points at 47% upside, based on 22 reports issued in the last three months.\nThe bear case is explained by UBS and is backed up by analysis on valuation that is arguably stretched. Analyst Eric Sheridan has recentlyreiterateda sell rating on the stock, forecasting a $70 price on PTON for 18% downside.\n\n\"The stock’s appreciation to more than 17% over two days implies close to $1.2B of sales that the market is assigning to the opportunity based on where the stock is trading on 2023 EV-to-sales average multiple of 4.2x. Street expects 2023 connected fitness subscribers of around 5.06 million. This implies roughly $240 of spend per subscriber per year.\"\n\nOn the bullish side, Barclays analyst Mario Lu justified the recent miss in gross margins on higher-than-expected refunds from the Tread recall along with continued increase in shipping costs. Bullishness is reiterated due to fiscal 2022 now being seen as an investment year, as Peloton looks to plow money aggressively into both marketing and R&D – which the analyst believes to be the right long-term decision. He has a buy rating on PTON and 50% upside opportunity.\nLastly, famed investor Cathie Wood purchased a sizeable batch of PTON stock a few days ago. Wood’s Ark fund bought the dip as the company missed earnings estimates, and it currently owns 1.7 million shares of PTON that are worth $172 million.\n#1 Pinduoduo Inc. - $PDD\nThis Shanghai-based e-commerce operator PDD saw its stock drop more than 42% year-to-date – shares are currently valued at $96 at last check. The $118 billion market cap company is a strong buy according to Wall Street and is expected to recover 42% over the next twelve months. With a consensus price target of $137 forecasted by nine sell-side analysts over the last three months, Pinduoduo is believed to be undervalued.\nFigure 4: PDD performance year-to-date.\nChina Renaissance analyst Nicky Ge forecasts $150 share price and attributes PDD’s recent stock weakness partly on market expectations for 2021 gross merchandising value growth. The analyst also added the following commentary:\n\n“Given a lackluster recovery in China’s internet retailing market in 1H21, we forecast PDD to deliver 43% and 40% YoY gross merchandising value growth in 2Q21E and 2021E, respectively, compared to 66% YoY growth in 2020.”\n\nTwo months ago, Benchmark analyst Fawne Jiang lowered his PDD price target to $156 from $176. Mixed Q2 results, headlined by an “outsized beat on earnings although revenue missed mainly as a result of 1P sales fluctuations”, were to blame. However, the analyst is incrementally more bullish on the company's long-term earnings potential and believes that investing in the next sustainable moat is strategically important for long-term growth.","news_type":1,"symbols_score_info":{"PDD":0.9,"PTON":0.9,"QQQ":0.9,"VRTX":0.9}},"isVote":1,"tweetType":1,"viewCount":770,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":890193366,"gmtCreate":1628085874955,"gmtModify":1633753737352,"author":{"id":"3578792610239057","authorId":"3578792610239057","name":"Motivator","avatar":"https://static.tigerbbs.com/e7b2f7cbaac610d00a7c522b479a1ca5","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578792610239057","authorIdStr":"3578792610239057"},"themes":[],"title":"","htmlText":"V tempting to buy this stock&nbsp;","listText":"V tempting to buy this stock&nbsp;","text":"V tempting to buy this stock","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/890193366","repostId":"1108635314","repostType":4,"repost":{"id":"1108635314","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":1628084737,"share":"https://www.laohunote.com/m/news/1108635314?lang=zh_CN&edition=full","pubTime":"2021-08-04 21:45","market":"us","language":"en","title":"AMD gained over 5% and reached record high<blockquote>AMD 上涨超过 5%，创历史新高</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1108635314","media":"Tiger Newspress","summary":"(August 4) AMD gained over 5% and reached record high.","content":"<p>(August 4)&nbsp;<a href=\"https://laohu8.com/S/AMD\">AMD</a> gained over 5% and reached record high.</p><p><blockquote>（8月4日）<a href=\"https://laohu8.com/S/AMD\">AMD</a>涨幅超过5%，创历史新高。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/8b23aa43d6e0816bc9aeaa95fc08fcd6\" tg-width=\"837\" tg-height=\"558\" 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>AMD gained over 5% and reached record high<blockquote>AMD 上涨超过 5%，创历史新高</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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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\">\nAMD gained over 5% and reached record high<blockquote>AMD 上涨超过 5%，创历史新高</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-08-04 21:45</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>(August 4)&nbsp;<a href=\"https://laohu8.com/S/AMD\">AMD</a> gained over 5% and reached record high.</p><p><blockquote>（8月4日）<a href=\"https://laohu8.com/S/AMD\">AMD</a>涨幅超过5%，创历史新高。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/8b23aa43d6e0816bc9aeaa95fc08fcd6\" tg-width=\"837\" tg-height=\"558\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMD":"美国超微公司"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1108635314","content_text":"(August 4) AMD gained over 5% and reached record high.","news_type":1,"symbols_score_info":{"AMD":0.9}},"isVote":1,"tweetType":1,"viewCount":685,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":839969809,"gmtCreate":1629117166901,"gmtModify":1633687304515,"author":{"id":"3578792610239057","authorId":"3578792610239057","name":"Motivator","avatar":"https://static.tigerbbs.com/e7b2f7cbaac610d00a7c522b479a1ca5","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578792610239057","authorIdStr":"3578792610239057"},"themes":[],"title":"","htmlText":"Ok, will be more caution in trading&nbsp;","listText":"Ok, will be more caution in trading&nbsp;","text":"Ok, will be more caution in trading","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/839969809","repostId":"1137437693","repostType":4,"repost":{"id":"1137437693","kind":"news","pubTimestamp":1629116844,"share":"https://www.laohunote.com/m/news/1137437693?lang=zh_CN&edition=full","pubTime":"2021-08-16 20:27","market":"us","language":"en","title":"3 High-Flying Stocks That May Fall 53% to 84%, According to Wall Street<blockquote>华尔街称 3 只飞涨的股票可能下跌 53% 至 84%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1137437693","media":"Motley Fool","summary":"Analysts expect these soaring stocks to come crashing back to Earth.\n\nKey Points\n\nThe pandemic and/o","content":"<p>  Analysts expect these soaring stocks to come crashing back to Earth.  <b>Key Points</b></p><p><blockquote>分析师预计这些飙升的股票将重回地球。<b>要点</b></blockquote></p><p> <ul>  <li>The pandemic and/or short squeezes have treated these three companies very well in 2021.</li>  <li>Though Wall Street's price targets can often be taken with a grain of salt, these are likely on point.</li> </ul> It's a great time to be an investor. In the close to 17 months since the widely followed&nbsp;<b><a href=\"https://laohu8.com/S/.SPX\">S&amp;P 500</a></b> bottomed out during the coronavirus crash in March 2020, the index has doubled in value. Time and again, patience begets profits on Wall Street.</p><p><blockquote><ul><li>疫情和/或空头挤压在2021年对这三家公司很好。</li><li>尽管华尔街的价格目标往往可以持怀疑态度，但这些目标可能是正确的。</li></ul>现在是成为投资者的好时机。在随后的近17个月里<b><a href=\"https://laohu8.com/S/.SPX\">标普500</a></b>该指数在 2020 年 3 月冠状病毒崩盘期间触底，但其价值已翻了一番。耐心一次又一次地在华尔街带来利润。</blockquote></p><p> However, it's also common knowledge that not every stock is going to be a winner. According to Wall Street analysts and investment firms, there are three high-flying stocks that could lose anywhere from 53% to 84% of their value over the coming year, based on the consensus price target for each company.</p><p><blockquote>然而，众所周知，并非每只股票都会成为赢家。根据华尔街分析师和投资公司的说法，根据每家公司的一致目标价，有三只飞涨的股票在未来一年可能会损失 53% 至 84% 的价值。</blockquote></p><p> <b>Moderna: Implied downside of 53%</b></p><p><blockquote><b>Moderna：隐含下跌 53%</b></blockquote></p><p> First up is skyrocketing&nbsp;biotech stock&nbsp;<b><a href=\"https://laohu8.com/S/MRNA\">Moderna, Inc.</a></b>, which has gained almost 1,900% since the beginning of 2020. Even after pulling back more than 20% from its intraday high last week, Moderna's share price would have to fall by another 53% just to hit the consensus price target of $184.92.</p><p><blockquote>首先上涨的是飙升的生物技术股<b><a href=\"https://laohu8.com/S/MRNA\">现代公司。</a></b>自2020年初以来增长了近1,900%。即使从上周盘中高点回落超过 20%，Moderna 的股价仍需再下跌 53%，才能达到 184.92 美元的共识目标价。</blockquote></p><p> As you can probably guess, the reason Moderna has ascended to the heavens is the success of its emergency-use authorized (EUA) coronavirus disease 2019 (COVID-19) vaccine, mRNA-1273. In clinical trials, Moderna's vaccine candidate led to a vaccine efficacy (VE) of about 94%. With the exception of the<b>&nbsp;<a href=\"https://laohu8.com/S/PFE\">Pfizer</a>/</b><b>BioNTech</b>&nbsp;vaccine, which presented with a 95% VE, no other EUA vaccines have come close on the efficacy front.</p><p><blockquote>正如您可能猜到的那样，Moderna 一飞冲天的原因是其紧急使用授权 (EUA) 冠状病毒疾病 2019 (COVID-19) 疫苗 mRNA-1273 的成功。在临床试验中，Moderna的候选疫苗导致约94%的疫苗效力（VE）。除了<b> <a href=\"https://laohu8.com/S/PFE\">辉瑞</a>/</b><b>生物技术</b>疫苗的VE为95%，没有其他EUA疫苗在功效方面能与之媲美。</blockquote></p><p> The rise of the COVID-19 delta variant has been another major boon for Moderna. The transmissibility of delta has lifted vaccination rates in a number of developed countries, and it encouraged the U.S. Food and Drug Administration toauthorize a booster shotfor those people with compromised immune systems.</p><p><blockquote>新冠肺炎德尔塔变异毒株的崛起是 Moderna 的另一大福音。delta的传播性提高了许多发达国家的疫苗接种率，这鼓励了美国。美国食品和药物管理局授权为免疫系统受损的人注射加强针。</blockquote></p><p> Ultimately, Moderna's skyrocketing share price appears to indicate that things could worsen before they get better on the COVID-19 front, and that booster shots will offer a beefier stream of revenue than once predicted.</p><p><blockquote>最终，Moderna 飙升的股价似乎表明，在 COVID-19 方面好转之前，情况可能会变得更糟，而加强注射将提供比曾经预测的更强大的收入流。</blockquote></p><p> However, the issue with Moderna's valuation is twofold. <a href=\"https://laohu8.com/S/FFBC\">First</a>, competition for COVID-19 vaccinations is increasing, not decreasing.&nbsp;<b><a href=\"https://laohu8.com/S/NVAX\">Novavax</a></b>&nbsp;is a good bet to receive EUA within the coming months, and&nbsp;<b><a href=\"https://laohu8.com/S/JNJ\">Johnson &amp; Johnson</a></b> shouldn't have any trouble ramping up production of its single-dose vaccine. We'reprobably looking at Moderna's peak revenue year in 2021.</p><p><blockquote>然而，Moderna 的估值存在双重问题。<a href=\"https://laohu8.com/S/FFBC\">第一</a>新冠肺炎疫苗接种的竞争正在加剧，而不是减少。<b><a href=\"https://laohu8.com/S/NVAX\">诺瓦瓦克斯</a></b>在未来几个月内收到 EUA 是一个不错的选择，并且<b><a href=\"https://laohu8.com/S/JNJ\">强生公司</a></b>增加单剂疫苗的产量应该不会有任何问题。我们“应受谴责地展望 Moderna 2021 年的收入高峰年”。</blockquote></p><p> The other issue is mRNA-1273 is Moderna's only marketable drug. A $157 billion market cap based on a single therapy that may or may not have staying powersounds very risky.</p><p><blockquote>另一个问题是mRNA-1273是Moderna唯一上市的药物。基于单一疗法的 1570 亿美元市值可能会也可能不会留下 powersounds，风险很大。</blockquote></p><p> <b>Dillard's: Implied downside of 55%</b></p><p><blockquote><b>迪拉德的：隐含下跌 55%</b></blockquote></p><p> The next high-flying stock might come as a bit of a surprise... department store chain&nbsp;<b><a href=\"https://laohu8.com/S/DDS\">Dillard's</a></b>. Shares of Dillard's hit an all-time closing high of $196 on Friday, Aug. 13, pushing its market cap north of $4 billion. But according to analysts, which have a consensus price target of $87.33 on the company, this department store could be hitting the clearance rack with a 55% haircut over the next year.</p><p><blockquote>下一只飞涨的股票可能会有点令人惊讶……百货连锁店<b><a href=\"https://laohu8.com/S/DDS\">迪拉德的</a></b>. 8 月 13 日星期五，迪拉德的股价创下 196 美元的历史收盘新高，将其市值推至 40 亿美元以上。但据分析师称，该公司的一致目标价为 87.33 美元，这家百货商店明年可能会降价 55%。</blockquote></p><p> If you're wondering why Dillard's stock is up 625% over the trailing year, itsoperating performance would be a good place to start. The company drastically cut costs in the wake of the pandemic, strongly pushed direct-to-consumer sales, and has tightly managed its inventory. Without these burdensome overhead costs, profits have absolutely skyrocketed over the past two quarters as pent-up demand encouraged consumers to get out of their homes and into retail stores.</p><p><blockquote>如果您想知道为什么 Dillard 的股价在过去一年中上涨了 625%，那么它的运营业绩将是一个很好的开始。该公司在大流行后大幅削减成本，大力推动直接面向消费者的销售，并严格管理库存。如果没有这些繁重的管理费用，利润在过去两个季度绝对飙升，因为被压抑的需求鼓励消费者走出家门，进入零售店。</blockquote></p><p> Dillard's has done a good job of attempting to boost shareholder value, too. In the 26 weeks, ended July 31, the company repurchased about 1.4 million shares totaling $171 million. This may not sound like a lot, but it reduced the company's outstanding share count by more than 6%.</p><p><blockquote>迪拉德在提高股东价值方面也做得很好。在截至 7 月 31 日的 26 周内，该公司回购了约 140 万股股票，总计 1.71 亿美元。这听起来可能不多，但它使公司的流通股数量减少了 6% 以上。</blockquote></p><p> It's also worth pointing out that Dillard's has a relatively small tradable float, and it's been a fairly heavily short-sold stock. This combination made it the perfect target for a short squeeze.</p><p><blockquote>还值得指出的是，Dillard's 的可交易流通量相对较小，而且它是一只被大量卖空的股票。这种组合使其成为做空的完美目标。</blockquote></p><p></p><p> Despite all these positives, it's important for investors to recognize that retail department stores are generally slow-growing and cyclical. Even though Dillard's year-over-year comparisons are lights-out impressive, its 26-week retail sales for 2021 are only 1% higher than its 26-week retail sales for the comparable period in 2019. Further, comparable-store sales are only 4% higher in 2021 compared to 2019. While gross margin is notably higher, this has more to do with cost-cutting than significant sales traction.</p><p><blockquote>尽管有这些积极因素，但投资者必须认识到零售百货商店通常增长缓慢且具有周期性。尽管迪拉德的同比比较令人印象深刻，但其 2021 年 26 周零售额仅比 2019 年同期的 26 周零售额高出 1%。此外，与2019年相比，2021年可比商店销售额仅增长4%。虽然毛利率明显较高，但这更多地与成本削减有关，而不是显着的销售牵引力。</blockquote></p><p> Though Dillard's might defy Wall Street for a bit longer than expected, history suggestsit has no chance to keep up this pace. More than likely, Wall Street's price target will eventually become a reality.</p><p><blockquote>尽管迪拉德的挑战华尔街的时间可能比预期的要长一点，但历史表明它没有机会跟上这个步伐。华尔街的价格目标很可能最终会成为现实。</blockquote></p><p> <b><a href=\"https://laohu8.com/S/AMC\">AMC Entertainment</a>: Implied downside of 84%</b></p><p><blockquote><b><a href=\"https://laohu8.com/S/AMC\">AMC院线</a>：隐含下行 84%</b></blockquote></p><p> Sporting the most potential downside, according to Wall Street's consensus price target, is movie theater stock&nbsp;<b><a href=\"https://laohu8.com/S/AMC\">AMC Entertainment</a></b>. Although it's one of the year's top-performing stocks, AMC would need to decline by 84% from its current share price to hit the consensus target of $5.25 a share.</p><p><blockquote>根据华尔街的一致目标价，电影院股票最具潜在下跌空间<b><a href=\"https://laohu8.com/S/AMC\">AMC院线</a></b>尽管它是今年表现最好的股票之一，但 AMC 需要从当前股价下跌 84%，才能达到每股 5.25 美元的共识目标。</blockquote></p><p> AMC received a huge boost in January, when the company was able to save itself from bankruptcy by issuing common stock and debt. Short-sellers who'd been betting on additional downside in the company were caught off-guard by AMC's capital raise, which effected a viciousshort squeeze.</p><p><blockquote>一月份，AMC 获得了巨大的提振，当时该公司能够通过发行普通股和债务避免破产。一直押注该公司进一步下跌的卖空者对 AMC 的融资感到措手不及，这导致了恶性的空头挤压。</blockquote></p><p> Today, AMC's impassioned retail investors share the same goal -- i.e., to see another short squeeze take place. As of July 30, 85.85 million shares were held short, representing almost 17% of the float.</p><p><blockquote>如今，AMC 热情洋溢的散户投资者有着相同的目标——即看到另一次空头挤压发生。截至7月30日，8585万股被做空，占流通股的近17%。</blockquote></p><p> The problem for AMC and its retail investors is that fundamentals always matter, and AMC's operating performance and balance sheet arenothing short of a horror movie. While having increased capacity in its theaters drove sequential quarterly sales higher in the second quarter, it doesn't excuse the fact that AMC has burned through $576.5 million in cash over the past six months or that it's a long way from being profitable.</p><p><blockquote>AMC 及其散户投资者面临的问题是，基本面始终很重要，而 AMC 的经营业绩和资产负债表简直就是一部恐怖电影。虽然影院容量的增加推动了第二季度季度销售额的环比增长，但这并不能成为 AMC 在过去六个月中消耗了 5.765 亿美元现金或距离盈利还有很长的路要走的事实的借口。</blockquote></p><p> The balance sheet is a bigger concern. AMC ended June with $5.5 billion in corporate borrowing and had an additional $420 million in deferred rent that needs to be paid. With the company effectively maxing out its share issuances, AMC will be forced to rely on its $1.81 billion in cash and $212 million revolving credit facility to make good on its rent obligations and pay off its debt. With its 2026 and 2027 bonds going for 58% and 62% of par value, the clear implication from bondholders isthere's concern AMC won't remain solvent.</p><p><blockquote>资产负债表是一个更大的问题。截至 6 月底，AMC 拥有 55 亿美元的企业借款，并且还有 4.2 亿美元的递延租金需要支付。随着该公司实际上将股票发行规模扩大，AMC 将被迫依靠其 18.1 亿美元现金和 2.12 亿美元循环信贷额度来履行租金义务并偿还债务。由于其 2026 年和 2027 年债券的面值分别为 58% 和 62%，债券持有人明确表示担心 AMC 将无法保持偿付能力。</blockquote></p><p> The icing on the cake is we'vewitnessed theatrical exclusivity dwindle. For instance, AMC's agreement with&nbsp;<a href=\"https://laohu8.com/S/T\">AT&amp;T Inc</a>'s Warner Bros. offers only a 45-day exclusivity window, which is down from the traditional 75-day to 90-day period of exclusivity prior to the pandemic.</p><p><blockquote>锦上添花的是，我们目睹了戏剧排他性的减少。例如，AMC 与<a href=\"https://laohu8.com/S/T\">美国电话电报公司</a>华纳兄弟仅提供 45 天的独家时间，低于大流行前传统的 75 天至 90 天的独家时间。</blockquote></p><p> It may take longer than 12 months, but AMC does look to beheaded back to its February low.</p><p><blockquote>这可能需要超过 12 个月的时间，但 AMC 确实有望重返 2 月份的低点。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 High-Flying Stocks That May Fall 53% to 84%, According to Wall Street<blockquote>华尔街称 3 只飞涨的股票可能下跌 53% 至 84%</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 High-Flying Stocks That May Fall 53% to 84%, According to Wall Street<blockquote>华尔街称 3 只飞涨的股票可能下跌 53% 至 84%</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\">2021-08-16 20:27</span>\n</p>\n</h4>\n</header>\n<article>\n<p>  Analysts expect these soaring stocks to come crashing back to Earth.  <b>Key Points</b></p><p><blockquote>分析师预计这些飙升的股票将重回地球。<b>要点</b></blockquote></p><p> <ul>  <li>The pandemic and/or short squeezes have treated these three companies very well in 2021.</li>  <li>Though Wall Street's price targets can often be taken with a grain of salt, these are likely on point.</li> </ul> It's a great time to be an investor. In the close to 17 months since the widely followed&nbsp;<b><a href=\"https://laohu8.com/S/.SPX\">S&amp;P 500</a></b> bottomed out during the coronavirus crash in March 2020, the index has doubled in value. Time and again, patience begets profits on Wall Street.</p><p><blockquote><ul><li>疫情和/或空头挤压在2021年对这三家公司很好。</li><li>尽管华尔街的价格目标往往可以持怀疑态度，但这些目标可能是正确的。</li></ul>现在是成为投资者的好时机。在随后的近17个月里<b><a href=\"https://laohu8.com/S/.SPX\">标普500</a></b>该指数在 2020 年 3 月冠状病毒崩盘期间触底，但其价值已翻了一番。耐心一次又一次地在华尔街带来利润。</blockquote></p><p> However, it's also common knowledge that not every stock is going to be a winner. According to Wall Street analysts and investment firms, there are three high-flying stocks that could lose anywhere from 53% to 84% of their value over the coming year, based on the consensus price target for each company.</p><p><blockquote>然而，众所周知，并非每只股票都会成为赢家。根据华尔街分析师和投资公司的说法，根据每家公司的一致目标价，有三只飞涨的股票在未来一年可能会损失 53% 至 84% 的价值。</blockquote></p><p> <b>Moderna: Implied downside of 53%</b></p><p><blockquote><b>Moderna：隐含下跌 53%</b></blockquote></p><p> First up is skyrocketing&nbsp;biotech stock&nbsp;<b><a href=\"https://laohu8.com/S/MRNA\">Moderna, Inc.</a></b>, which has gained almost 1,900% since the beginning of 2020. Even after pulling back more than 20% from its intraday high last week, Moderna's share price would have to fall by another 53% just to hit the consensus price target of $184.92.</p><p><blockquote>首先上涨的是飙升的生物技术股<b><a href=\"https://laohu8.com/S/MRNA\">现代公司。</a></b>自2020年初以来增长了近1,900%。即使从上周盘中高点回落超过 20%，Moderna 的股价仍需再下跌 53%，才能达到 184.92 美元的共识目标价。</blockquote></p><p> As you can probably guess, the reason Moderna has ascended to the heavens is the success of its emergency-use authorized (EUA) coronavirus disease 2019 (COVID-19) vaccine, mRNA-1273. In clinical trials, Moderna's vaccine candidate led to a vaccine efficacy (VE) of about 94%. With the exception of the<b>&nbsp;<a href=\"https://laohu8.com/S/PFE\">Pfizer</a>/</b><b>BioNTech</b>&nbsp;vaccine, which presented with a 95% VE, no other EUA vaccines have come close on the efficacy front.</p><p><blockquote>正如您可能猜到的那样，Moderna 一飞冲天的原因是其紧急使用授权 (EUA) 冠状病毒疾病 2019 (COVID-19) 疫苗 mRNA-1273 的成功。在临床试验中，Moderna的候选疫苗导致约94%的疫苗效力（VE）。除了<b> <a href=\"https://laohu8.com/S/PFE\">辉瑞</a>/</b><b>生物技术</b>疫苗的VE为95%，没有其他EUA疫苗在功效方面能与之媲美。</blockquote></p><p> The rise of the COVID-19 delta variant has been another major boon for Moderna. The transmissibility of delta has lifted vaccination rates in a number of developed countries, and it encouraged the U.S. Food and Drug Administration toauthorize a booster shotfor those people with compromised immune systems.</p><p><blockquote>新冠肺炎德尔塔变异毒株的崛起是 Moderna 的另一大福音。delta的传播性提高了许多发达国家的疫苗接种率，这鼓励了美国。美国食品和药物管理局授权为免疫系统受损的人注射加强针。</blockquote></p><p> Ultimately, Moderna's skyrocketing share price appears to indicate that things could worsen before they get better on the COVID-19 front, and that booster shots will offer a beefier stream of revenue than once predicted.</p><p><blockquote>最终，Moderna 飙升的股价似乎表明，在 COVID-19 方面好转之前，情况可能会变得更糟，而加强注射将提供比曾经预测的更强大的收入流。</blockquote></p><p> However, the issue with Moderna's valuation is twofold. <a href=\"https://laohu8.com/S/FFBC\">First</a>, competition for COVID-19 vaccinations is increasing, not decreasing.&nbsp;<b><a href=\"https://laohu8.com/S/NVAX\">Novavax</a></b>&nbsp;is a good bet to receive EUA within the coming months, and&nbsp;<b><a href=\"https://laohu8.com/S/JNJ\">Johnson &amp; Johnson</a></b> shouldn't have any trouble ramping up production of its single-dose vaccine. We'reprobably looking at Moderna's peak revenue year in 2021.</p><p><blockquote>然而，Moderna 的估值存在双重问题。<a href=\"https://laohu8.com/S/FFBC\">第一</a>新冠肺炎疫苗接种的竞争正在加剧，而不是减少。<b><a href=\"https://laohu8.com/S/NVAX\">诺瓦瓦克斯</a></b>在未来几个月内收到 EUA 是一个不错的选择，并且<b><a href=\"https://laohu8.com/S/JNJ\">强生公司</a></b>增加单剂疫苗的产量应该不会有任何问题。我们“应受谴责地展望 Moderna 2021 年的收入高峰年”。</blockquote></p><p> The other issue is mRNA-1273 is Moderna's only marketable drug. A $157 billion market cap based on a single therapy that may or may not have staying powersounds very risky.</p><p><blockquote>另一个问题是mRNA-1273是Moderna唯一上市的药物。基于单一疗法的 1570 亿美元市值可能会也可能不会留下 powersounds，风险很大。</blockquote></p><p> <b>Dillard's: Implied downside of 55%</b></p><p><blockquote><b>迪拉德的：隐含下跌 55%</b></blockquote></p><p> The next high-flying stock might come as a bit of a surprise... department store chain&nbsp;<b><a href=\"https://laohu8.com/S/DDS\">Dillard's</a></b>. Shares of Dillard's hit an all-time closing high of $196 on Friday, Aug. 13, pushing its market cap north of $4 billion. But according to analysts, which have a consensus price target of $87.33 on the company, this department store could be hitting the clearance rack with a 55% haircut over the next year.</p><p><blockquote>下一只飞涨的股票可能会有点令人惊讶……百货连锁店<b><a href=\"https://laohu8.com/S/DDS\">迪拉德的</a></b>. 8 月 13 日星期五，迪拉德的股价创下 196 美元的历史收盘新高，将其市值推至 40 亿美元以上。但据分析师称，该公司的一致目标价为 87.33 美元，这家百货商店明年可能会降价 55%。</blockquote></p><p> If you're wondering why Dillard's stock is up 625% over the trailing year, itsoperating performance would be a good place to start. The company drastically cut costs in the wake of the pandemic, strongly pushed direct-to-consumer sales, and has tightly managed its inventory. Without these burdensome overhead costs, profits have absolutely skyrocketed over the past two quarters as pent-up demand encouraged consumers to get out of their homes and into retail stores.</p><p><blockquote>如果您想知道为什么 Dillard 的股价在过去一年中上涨了 625%，那么它的运营业绩将是一个很好的开始。该公司在大流行后大幅削减成本，大力推动直接面向消费者的销售，并严格管理库存。如果没有这些繁重的管理费用，利润在过去两个季度绝对飙升，因为被压抑的需求鼓励消费者走出家门，进入零售店。</blockquote></p><p> Dillard's has done a good job of attempting to boost shareholder value, too. In the 26 weeks, ended July 31, the company repurchased about 1.4 million shares totaling $171 million. This may not sound like a lot, but it reduced the company's outstanding share count by more than 6%.</p><p><blockquote>迪拉德在提高股东价值方面也做得很好。在截至 7 月 31 日的 26 周内，该公司回购了约 140 万股股票，总计 1.71 亿美元。这听起来可能不多，但它使公司的流通股数量减少了 6% 以上。</blockquote></p><p> It's also worth pointing out that Dillard's has a relatively small tradable float, and it's been a fairly heavily short-sold stock. This combination made it the perfect target for a short squeeze.</p><p><blockquote>还值得指出的是，Dillard's 的可交易流通量相对较小，而且它是一只被大量卖空的股票。这种组合使其成为做空的完美目标。</blockquote></p><p></p><p> Despite all these positives, it's important for investors to recognize that retail department stores are generally slow-growing and cyclical. Even though Dillard's year-over-year comparisons are lights-out impressive, its 26-week retail sales for 2021 are only 1% higher than its 26-week retail sales for the comparable period in 2019. Further, comparable-store sales are only 4% higher in 2021 compared to 2019. While gross margin is notably higher, this has more to do with cost-cutting than significant sales traction.</p><p><blockquote>尽管有这些积极因素，但投资者必须认识到零售百货商店通常增长缓慢且具有周期性。尽管迪拉德的同比比较令人印象深刻，但其 2021 年 26 周零售额仅比 2019 年同期的 26 周零售额高出 1%。此外，与2019年相比，2021年可比商店销售额仅增长4%。虽然毛利率明显较高，但这更多地与成本削减有关，而不是显着的销售牵引力。</blockquote></p><p> Though Dillard's might defy Wall Street for a bit longer than expected, history suggestsit has no chance to keep up this pace. More than likely, Wall Street's price target will eventually become a reality.</p><p><blockquote>尽管迪拉德的挑战华尔街的时间可能比预期的要长一点，但历史表明它没有机会跟上这个步伐。华尔街的价格目标很可能最终会成为现实。</blockquote></p><p> <b><a href=\"https://laohu8.com/S/AMC\">AMC Entertainment</a>: Implied downside of 84%</b></p><p><blockquote><b><a href=\"https://laohu8.com/S/AMC\">AMC院线</a>：隐含下行 84%</b></blockquote></p><p> Sporting the most potential downside, according to Wall Street's consensus price target, is movie theater stock&nbsp;<b><a href=\"https://laohu8.com/S/AMC\">AMC Entertainment</a></b>. Although it's one of the year's top-performing stocks, AMC would need to decline by 84% from its current share price to hit the consensus target of $5.25 a share.</p><p><blockquote>根据华尔街的一致目标价，电影院股票最具潜在下跌空间<b><a href=\"https://laohu8.com/S/AMC\">AMC院线</a></b>尽管它是今年表现最好的股票之一，但 AMC 需要从当前股价下跌 84%，才能达到每股 5.25 美元的共识目标。</blockquote></p><p> AMC received a huge boost in January, when the company was able to save itself from bankruptcy by issuing common stock and debt. Short-sellers who'd been betting on additional downside in the company were caught off-guard by AMC's capital raise, which effected a viciousshort squeeze.</p><p><blockquote>一月份，AMC 获得了巨大的提振，当时该公司能够通过发行普通股和债务避免破产。一直押注该公司进一步下跌的卖空者对 AMC 的融资感到措手不及，这导致了恶性的空头挤压。</blockquote></p><p> Today, AMC's impassioned retail investors share the same goal -- i.e., to see another short squeeze take place. As of July 30, 85.85 million shares were held short, representing almost 17% of the float.</p><p><blockquote>如今，AMC 热情洋溢的散户投资者有着相同的目标——即看到另一次空头挤压发生。截至7月30日，8585万股被做空，占流通股的近17%。</blockquote></p><p> The problem for AMC and its retail investors is that fundamentals always matter, and AMC's operating performance and balance sheet arenothing short of a horror movie. While having increased capacity in its theaters drove sequential quarterly sales higher in the second quarter, it doesn't excuse the fact that AMC has burned through $576.5 million in cash over the past six months or that it's a long way from being profitable.</p><p><blockquote>AMC 及其散户投资者面临的问题是，基本面始终很重要，而 AMC 的经营业绩和资产负债表简直就是一部恐怖电影。虽然影院容量的增加推动了第二季度季度销售额的环比增长，但这并不能成为 AMC 在过去六个月中消耗了 5.765 亿美元现金或距离盈利还有很长的路要走的事实的借口。</blockquote></p><p> The balance sheet is a bigger concern. AMC ended June with $5.5 billion in corporate borrowing and had an additional $420 million in deferred rent that needs to be paid. With the company effectively maxing out its share issuances, AMC will be forced to rely on its $1.81 billion in cash and $212 million revolving credit facility to make good on its rent obligations and pay off its debt. With its 2026 and 2027 bonds going for 58% and 62% of par value, the clear implication from bondholders isthere's concern AMC won't remain solvent.</p><p><blockquote>资产负债表是一个更大的问题。截至 6 月底，AMC 拥有 55 亿美元的企业借款，并且还有 4.2 亿美元的递延租金需要支付。随着该公司实际上将股票发行规模扩大，AMC 将被迫依靠其 18.1 亿美元现金和 2.12 亿美元循环信贷额度来履行租金义务并偿还债务。由于其 2026 年和 2027 年债券的面值分别为 58% 和 62%，债券持有人明确表示担心 AMC 将无法保持偿付能力。</blockquote></p><p> The icing on the cake is we'vewitnessed theatrical exclusivity dwindle. For instance, AMC's agreement with&nbsp;<a href=\"https://laohu8.com/S/T\">AT&amp;T Inc</a>'s Warner Bros. offers only a 45-day exclusivity window, which is down from the traditional 75-day to 90-day period of exclusivity prior to the pandemic.</p><p><blockquote>锦上添花的是，我们目睹了戏剧排他性的减少。例如，AMC 与<a href=\"https://laohu8.com/S/T\">美国电话电报公司</a>华纳兄弟仅提供 45 天的独家时间，低于大流行前传统的 75 天至 90 天的独家时间。</blockquote></p><p> It may take longer than 12 months, but AMC does look to beheaded back to its February low.</p><p><blockquote>这可能需要超过 12 个月的时间，但 AMC 确实有望重返 2 月份的低点。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/08/16/3-high-flying-stocks-may-fall-53-to-84-wall-street/\">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":{"JNJ":"强生","AMC":"AMC院线","DDS":"狄乐百货","MRNA":"Moderna, Inc.",".SPX":"S&P 500 Index"},"source_url":"https://www.fool.com/investing/2021/08/16/3-high-flying-stocks-may-fall-53-to-84-wall-street/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1137437693","content_text":"Analysts expect these soaring stocks to come crashing back to Earth.\n\nKey Points\n\nThe pandemic and/or short squeezes have treated these three companies very well in 2021.\nThough Wall Street's price targets can often be taken with a grain of salt, these are likely on point.\n\nIt's a great time to be an investor. In the close to 17 months since the widely followed S&P 500 bottomed out during the coronavirus crash in March 2020, the index has doubled in value. Time and again, patience begets profits on Wall Street.\nHowever, it's also common knowledge that not every stock is going to be a winner. According to Wall Street analysts and investment firms, there are three high-flying stocks that could lose anywhere from 53% to 84% of their value over the coming year, based on the consensus price target for each company.\nModerna: Implied downside of 53%\nFirst up is skyrocketing biotech stock Moderna, Inc., which has gained almost 1,900% since the beginning of 2020. Even after pulling back more than 20% from its intraday high last week, Moderna's share price would have to fall by another 53% just to hit the consensus price target of $184.92.\nAs you can probably guess, the reason Moderna has ascended to the heavens is the success of its emergency-use authorized (EUA) coronavirus disease 2019 (COVID-19) vaccine, mRNA-1273. In clinical trials, Moderna's vaccine candidate led to a vaccine efficacy (VE) of about 94%. With the exception of the Pfizer/BioNTech vaccine, which presented with a 95% VE, no other EUA vaccines have come close on the efficacy front.\nThe rise of the COVID-19 delta variant has been another major boon for Moderna. The transmissibility of delta has lifted vaccination rates in a number of developed countries, and it encouraged the U.S. Food and Drug Administration toauthorize a booster shotfor those people with compromised immune systems.\nUltimately, Moderna's skyrocketing share price appears to indicate that things could worsen before they get better on the COVID-19 front, and that booster shots will offer a beefier stream of revenue than once predicted.\nHowever, the issue with Moderna's valuation is twofold. First, competition for COVID-19 vaccinations is increasing, not decreasing. Novavax is a good bet to receive EUA within the coming months, and Johnson & Johnson shouldn't have any trouble ramping up production of its single-dose vaccine. We'reprobably looking at Moderna's peak revenue year in 2021.\nThe other issue is mRNA-1273 is Moderna's only marketable drug. A $157 billion market cap based on a single therapy that may or may not have staying powersounds very risky.\nDillard's: Implied downside of 55%\nThe next high-flying stock might come as a bit of a surprise... department store chain Dillard's. Shares of Dillard's hit an all-time closing high of $196 on Friday, Aug. 13, pushing its market cap north of $4 billion. But according to analysts, which have a consensus price target of $87.33 on the company, this department store could be hitting the clearance rack with a 55% haircut over the next year.\nIf you're wondering why Dillard's stock is up 625% over the trailing year, itsoperating performance would be a good place to start. The company drastically cut costs in the wake of the pandemic, strongly pushed direct-to-consumer sales, and has tightly managed its inventory. Without these burdensome overhead costs, profits have absolutely skyrocketed over the past two quarters as pent-up demand encouraged consumers to get out of their homes and into retail stores.\nDillard's has done a good job of attempting to boost shareholder value, too. In the 26 weeks, ended July 31, the company repurchased about 1.4 million shares totaling $171 million. This may not sound like a lot, but it reduced the company's outstanding share count by more than 6%.\nIt's also worth pointing out that Dillard's has a relatively small tradable float, and it's been a fairly heavily short-sold stock. This combination made it the perfect target for a short squeeze.\nDespite all these positives, it's important for investors to recognize that retail department stores are generally slow-growing and cyclical. Even though Dillard's year-over-year comparisons are lights-out impressive, its 26-week retail sales for 2021 are only 1% higher than its 26-week retail sales for the comparable period in 2019. Further, comparable-store sales are only 4% higher in 2021 compared to 2019. While gross margin is notably higher, this has more to do with cost-cutting than significant sales traction.\nThough Dillard's might defy Wall Street for a bit longer than expected, history suggestsit has no chance to keep up this pace. More than likely, Wall Street's price target will eventually become a reality.\nAMC Entertainment: Implied downside of 84%\nSporting the most potential downside, according to Wall Street's consensus price target, is movie theater stock AMC Entertainment. Although it's one of the year's top-performing stocks, AMC would need to decline by 84% from its current share price to hit the consensus target of $5.25 a share.\nAMC received a huge boost in January, when the company was able to save itself from bankruptcy by issuing common stock and debt. Short-sellers who'd been betting on additional downside in the company were caught off-guard by AMC's capital raise, which effected a viciousshort squeeze.\nToday, AMC's impassioned retail investors share the same goal -- i.e., to see another short squeeze take place. As of July 30, 85.85 million shares were held short, representing almost 17% of the float.\nThe problem for AMC and its retail investors is that fundamentals always matter, and AMC's operating performance and balance sheet arenothing short of a horror movie. While having increased capacity in its theaters drove sequential quarterly sales higher in the second quarter, it doesn't excuse the fact that AMC has burned through $576.5 million in cash over the past six months or that it's a long way from being profitable.\nThe balance sheet is a bigger concern. AMC ended June with $5.5 billion in corporate borrowing and had an additional $420 million in deferred rent that needs to be paid. With the company effectively maxing out its share issuances, AMC will be forced to rely on its $1.81 billion in cash and $212 million revolving credit facility to make good on its rent obligations and pay off its debt. With its 2026 and 2027 bonds going for 58% and 62% of par value, the clear implication from bondholders isthere's concern AMC won't remain solvent.\nThe icing on the cake is we'vewitnessed theatrical exclusivity dwindle. For instance, AMC's agreement with AT&T Inc's Warner Bros. offers only a 45-day exclusivity window, which is down from the traditional 75-day to 90-day period of exclusivity prior to the pandemic.\nIt may take longer than 12 months, but AMC does look to beheaded back to its February low.","news_type":1,"symbols_score_info":{".SPX":0.9,"MRNA":0.9,"AMC":0.9,"DDS":0.9,"JNJ":0.9}},"isVote":1,"tweetType":1,"viewCount":962,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":897085256,"gmtCreate":1628863231475,"gmtModify":1633688909974,"author":{"id":"3578792610239057","authorId":"3578792610239057","name":"Motivator","avatar":"https://static.tigerbbs.com/e7b2f7cbaac610d00a7c522b479a1ca5","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578792610239057","authorIdStr":"3578792610239057"},"themes":[],"title":"","htmlText":"Why my holdings not up?","listText":"Why my holdings not up?","text":"Why my holdings not up?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/897085256","repostId":"1115837306","repostType":4,"isVote":1,"tweetType":1,"viewCount":582,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":813733904,"gmtCreate":1630244675208,"gmtModify":1704957404878,"author":{"id":"3578792610239057","authorId":"3578792610239057","name":"Motivator","avatar":"https://static.tigerbbs.com/e7b2f7cbaac610d00a7c522b479a1ca5","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578792610239057","authorIdStr":"3578792610239057"},"themes":[],"title":"","htmlText":"I am not v sure about Tesla. &nbsp;","listText":"I am not v sure about Tesla. &nbsp;","text":"I am not v sure about Tesla.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/813733904","repostId":"2163079604","repostType":4,"isVote":1,"tweetType":1,"viewCount":495,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":807304065,"gmtCreate":1627999255457,"gmtModify":1633754517704,"author":{"id":"3578792610239057","authorId":"3578792610239057","name":"Motivator","avatar":"https://static.tigerbbs.com/e7b2f7cbaac610d00a7c522b479a1ca5","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578792610239057","authorIdStr":"3578792610239057"},"themes":[],"title":"","htmlText":"Yes, Pfizer will rise&nbsp;","listText":"Yes, Pfizer will rise&nbsp;","text":"Yes, Pfizer will rise","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/807304065","repostId":"2156147918","repostType":4,"isVote":1,"tweetType":1,"viewCount":907,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}