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2021-08-08

Slow and steady wins the race

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2021-10-15

Looks like another headwind for Coinbase ....

Bitcoin nears $60,000 as investors eye first U.S. ETFs<blockquote>投资者关注首批美国 ETF，比特币接近 60,000 美元</blockquote>

2021-08-06

Investment is about buying (a fraction of) a business and let compounding do its job. Just find good business to buy rather than chase after what stock is in rotation!

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2021-12-12

Do this at your own peril!

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2021-10-10

Wished you had explain why you think the supply chain issues will be resolved in 2022!

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2021-08-15

You can over pay for hype companies. Just look at Cisco. Never recovered from its heights despite multi years earnings growth.

How to value Nio's stock compared to Tesla, VW, Ford and other rivals<blockquote>与特斯拉、大众、福特和其他竞争对手相比，如何评估蔚来的股票</blockquote>

2021-09-08

A drop of 15% is hardly considered a "plunge" in the crypto world

Cryptos Just Puked...<blockquote>密码刚刚吐了……</blockquote>

2021-08-22

Agree. Pick those from safe emerging markets where the macro economic, political and legal systems are stable/well established. [财迷]

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2021-08-20

Takes lots of guts to adopt a contrarian view!!

Ark's Cathie Wood says stock market 'couldn't be further away from a bubble.' Here's why.<blockquote>Ark 的凯西·伍德 (Cathie Wood) 表示，股市“离泡沫已经不远了”。原因如下。</blockquote>

2021-08-10

Between useless comments and misleading news, useless comments are the lesser evil 🙄

Tesla shares fell 1% in premarket trading,as the company delivering 8,621 Chinese-made vehicles in China in July, down 69% from the previous month.<blockquote>特斯拉股价在盘前交易中下跌 1%，该公司 7 月份在中国交付了 8,621 辆中国制造的汽车，环比下降 69%。</blockquote>

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href=\"https://laohu8.com/S/M44U.SI\">$MAPLETREE LOGISTICS TRUST(M44U.SI)$</a>mapletree brand is going down the drain if their stocks continue to drop","listText":"<a href=\"https://laohu8.com/S/M44U.SI\">$MAPLETREE LOGISTICS TRUST(M44U.SI)$</a>mapletree brand is going down the drain if their stocks continue to drop","text":"$MAPLETREE LOGISTICS TRUST(M44U.SI)$mapletree brand is going down the drain if their stocks continue to 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also.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/695148832","repostId":"1178839494","repostType":4,"repost":{"id":"1178839494","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga Earnings","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1641335015,"share":"https://www.laohunote.com/m/news/1178839494?lang=zh_CN&edition=full","pubTime":"2022-01-05 06:23","market":"us","language":"en","title":"Charlie Munger Doubles Down On Alibaba In Q4: Does It Flag A Buy Signal?<blockquote>查理·芒格在第四季度加倍押注阿里巴巴-SW：它会发出买入信号吗？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1178839494","media":"Benzinga Earnings","summary":"Alibaba Group Holding Limited is among the worst-performing large-cap tech stocks in 2021. The weakn","content":"<p><html><head></head><body><b>Alibaba Group Holding Limited</b> is among the worst-performing large-cap tech stocks in 2021. The weakness did not deter a high-profile investor from bulking up on the shares of the Chinese e-commerce giant.</p><p><blockquote><html><head></head><body><b>阿里巴巴-SW集团控股有限公司</b>是 2021 年表现最差的大型科技股之一。这一疲软并没有阻止一位备受瞩目的投资者增持这家中国电子商务巨头的股票。</body></html></blockquote></p><p><b>What Happened:</b>The <b>Charlie Munger</b>-run Daily Journal almost doubled its stake in Alibaba in the fourth quarter, according to a 13F filing by the hedge fund.</p><p><blockquote><b>发生了什么：</b>这个<b>查理·芒格</b>-根据对冲基金提交的 13F 文件，run Daily Journal 在第四季度几乎将其在阿里巴巴-SW的股份翻了一番。</blockquote></p><p>At the end of the fourth quarter, Daily Journal owned 602,060 shares in Alibaba valued at $$71.52 million. This compares to the 302,060 shares the fund held at the end of the third quarter. Its stakes in other companies were unchanged in the fourth quarter.</p><p><blockquote>截至第四季度末，Daily Journal 持有阿里巴巴-SW 602,060 股股票，价值 7152 万美元。相比之下，该基金在第三季度末持有 302,060 股股票。第四季度其在其他公司的股份保持不变。</blockquote></p><p>Daily Journal also has positions in U.S. financial services firms <b>Bank of America Corp.</b>,<b>US Bancorp</b> and <b>Wells Fargo &amp; Company</b>, as well as South Korean steel giant <b>POSCO</b>.</p><p><blockquote>Daily Journal 还在美国金融服务公司担任职务<b>美国银行公司</b>,<b>合众银行</b>和<b>富国银行公司</b>，以及韩国钢铁巨头<b>浦项制铁</b>.</blockquote></p><p><b>Why It&#39;s Important:</b>Munger is billionaire investor <b>Warren Buffett</b>&#39;s right-hand man and the vice chairman of <b>Berkshire Hathaway Inc.</b>.</p><p><blockquote><b>为什么重要：</b>芒格是亿万富翁投资者<b>沃伦·巴菲特</b>的得力助手兼副主席<b>伯克希尔哈撒韦公司。</b>.</blockquote></p><p>The Daily Journal started off as a legal newspaper but is now transitioning to become a software company to local court systems. The company uses its cash holdings to invest in equities.</p><p><blockquote>《每日新闻》最初是一份法律报纸，但现在正在转型为一家面向地方法院系统的软件公司。该公司使用其持有的现金投资股票。</blockquote></p><p>Daily Journal first took a position in Alibaba in the first quarter of 2021 by buying 165,000 shares worth about $37 million.</p><p><blockquote>Daily Journal 于 2021 年第一季度首次在阿里巴巴-SW建仓，购买了 165,000 股股票，价值约 3700 万美元。</blockquote></p><p>Alibaba&#39;s shares nosedived in 2021. After hitting an all-time high of $319.32 in late October 2020, the stock has gone downhill. It lost a whopping 49% in 2021 alone.</p><p><blockquote>阿里巴巴股价在2021年暴跌。在 2020 年 10 月下旬触及 319.32 美元的历史新高后，该股已走下坡路。仅在 2021 年，它就损失了高达 49%。</blockquote></p><p>For Daily Journal, Alibaba could turn out to be a bargain buy.</p><p><blockquote>对于《每日杂志》来说，阿里巴巴-SW可能是一个便宜货。</blockquote></p><p>The average analyst rating for Alibaba shares is a Buy and the average price target is $209.60, according to the Yahoo database.</p><p><blockquote>根据雅虎数据库，分析师对阿里巴巴-SW股票的平均评级为买入，平均目标价为 209.60 美元。</blockquote></p><p><b>BABA Price Action:</b>Alibaba ended Tuesday&#39;s session down 0.7% at $119.56.</p><p><blockquote><b>阿里巴巴价格走势：</b>阿里巴巴-SW周二收盘下跌 0.7%，至 119.56 美元。</blockquote></p><p></body></html></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>Charlie Munger Doubles Down On Alibaba In Q4: Does It Flag A Buy Signal?<blockquote>查理·芒格在第四季度加倍押注阿里巴巴-SW：它会发出买入信号吗？</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCharlie Munger Doubles Down On Alibaba In Q4: Does It Flag A Buy Signal?<blockquote>查理·芒格在第四季度加倍押注阿里巴巴-SW：它会发出买入信号吗？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga Earnings </p>\n<p class=\"h-time smaller\">2022-01-05 06:23</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p><html><head></head><body><b>Alibaba Group Holding Limited</b> is among the worst-performing large-cap tech stocks in 2021. The weakness did not deter a high-profile investor from bulking up on the shares of the Chinese e-commerce giant.</p><p><blockquote><html><head></head><body><b>阿里巴巴-SW集团控股有限公司</b>是 2021 年表现最差的大型科技股之一。这一疲软并没有阻止一位备受瞩目的投资者增持这家中国电子商务巨头的股票。</body></html></blockquote></p><p><b>What Happened:</b>The <b>Charlie Munger</b>-run Daily Journal almost doubled its stake in Alibaba in the fourth quarter, according to a 13F filing by the hedge fund.</p><p><blockquote><b>发生了什么：</b>这个<b>查理·芒格</b>-根据对冲基金提交的 13F 文件，run Daily Journal 在第四季度几乎将其在阿里巴巴-SW的股份翻了一番。</blockquote></p><p>At the end of the fourth quarter, Daily Journal owned 602,060 shares in Alibaba valued at $$71.52 million. This compares to the 302,060 shares the fund held at the end of the third quarter. Its stakes in other companies were unchanged in the fourth quarter.</p><p><blockquote>截至第四季度末，Daily Journal 持有阿里巴巴-SW 602,060 股股票，价值 7152 万美元。相比之下，该基金在第三季度末持有 302,060 股股票。第四季度其在其他公司的股份保持不变。</blockquote></p><p>Daily Journal also has positions in U.S. financial services firms <b>Bank of America Corp.</b>,<b>US Bancorp</b> and <b>Wells Fargo &amp; Company</b>, as well as South Korean steel giant <b>POSCO</b>.</p><p><blockquote>Daily Journal 还在美国金融服务公司担任职务<b>美国银行公司</b>,<b>合众银行</b>和<b>富国银行公司</b>，以及韩国钢铁巨头<b>浦项制铁</b>.</blockquote></p><p><b>Why It&#39;s Important:</b>Munger is billionaire investor <b>Warren Buffett</b>&#39;s right-hand man and the vice chairman of <b>Berkshire Hathaway Inc.</b>.</p><p><blockquote><b>为什么重要：</b>芒格是亿万富翁投资者<b>沃伦·巴菲特</b>的得力助手兼副主席<b>伯克希尔哈撒韦公司。</b>.</blockquote></p><p>The Daily Journal started off as a legal newspaper but is now transitioning to become a software company to local court systems. The company uses its cash holdings to invest in equities.</p><p><blockquote>《每日新闻》最初是一份法律报纸，但现在正在转型为一家面向地方法院系统的软件公司。该公司使用其持有的现金投资股票。</blockquote></p><p>Daily Journal first took a position in Alibaba in the first quarter of 2021 by buying 165,000 shares worth about $37 million.</p><p><blockquote>Daily Journal 于 2021 年第一季度首次在阿里巴巴-SW建仓，购买了 165,000 股股票，价值约 3700 万美元。</blockquote></p><p>Alibaba&#39;s shares nosedived in 2021. After hitting an all-time high of $319.32 in late October 2020, the stock has gone downhill. It lost a whopping 49% in 2021 alone.</p><p><blockquote>阿里巴巴股价在2021年暴跌。在 2020 年 10 月下旬触及 319.32 美元的历史新高后，该股已走下坡路。仅在 2021 年，它就损失了高达 49%。</blockquote></p><p>For Daily Journal, Alibaba could turn out to be a bargain buy.</p><p><blockquote>对于《每日杂志》来说，阿里巴巴-SW可能是一个便宜货。</blockquote></p><p>The average analyst rating for Alibaba shares is a Buy and the average price target is $209.60, according to the Yahoo database.</p><p><blockquote>根据雅虎数据库，分析师对阿里巴巴-SW股票的平均评级为买入，平均目标价为 209.60 美元。</blockquote></p><p><b>BABA Price Action:</b>Alibaba ended Tuesday&#39;s session down 0.7% at $119.56.</p><p><blockquote><b>阿里巴巴价格走势：</b>阿里巴巴-SW周二收盘下跌 0.7%，至 119.56 美元。</blockquote></p><p></body></html></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","09988":"阿里巴巴-W"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1178839494","content_text":"Alibaba Group Holding Limited is among the worst-performing large-cap tech stocks in 2021. The weakness did not deter a high-profile investor from bulking up on the shares of the Chinese e-commerce giant.What Happened:The Charlie Munger-run Daily Journal almost doubled its stake in Alibaba in the fourth quarter, according to a 13F filing by the hedge fund.At the end of the fourth quarter, Daily Journal owned 602,060 shares in Alibaba valued at $$71.52 million. This compares to the 302,060 shares the fund held at the end of the third quarter. Its stakes in other companies were unchanged in the fourth quarter.Daily Journal also has positions in U.S. financial services firms Bank of America Corp.,US Bancorp and Wells Fargo & Company, as well as South Korean steel giant POSCO.Why It's Important:Munger is billionaire investor Warren Buffett's right-hand man and the vice chairman of Berkshire Hathaway Inc..The Daily Journal started off as a legal newspaper but is now transitioning to become a software company to local court systems. The company uses its cash holdings to invest in equities.Daily Journal first took a position in Alibaba in the first quarter of 2021 by buying 165,000 shares worth about $37 million.Alibaba's shares nosedived in 2021. After hitting an all-time high of $319.32 in late October 2020, the stock has gone downhill. It lost a whopping 49% in 2021 alone.For Daily Journal, Alibaba could turn out to be a bargain buy.The average analyst rating for Alibaba shares is a Buy and the average price target is $209.60, according to the Yahoo database.BABA Price Action:Alibaba ended Tuesday's session down 0.7% at $119.56.","news_type":1,"symbols_score_info":{"BABA":0.9,"09988":0.9}},"isVote":1,"tweetType":1,"viewCount":4907,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":695988334,"gmtCreate":1641298954052,"gmtModify":1641298954261,"author":{"id":"3579922554249988","authorId":"3579922554249988","name":"Portfolio50","avatar":"https://static.tigerbbs.com/3e41399b7d47310e4bf55e2a5917c9da","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579922554249988","authorIdStr":"3579922554249988"},"themes":[],"title":"","htmlText":"Hmm...Tencent seemed to be extracting themselves from companies they previously invested. First JD and how SEA.&nbsp;","listText":"Hmm...Tencent seemed to be extracting themselves from companies they previously invested. First JD and how SEA.&nbsp;","text":"Hmm...Tencent seemed to be extracting themselves from companies they previously invested. First JD and how SEA.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/695988334","repostId":"1172090539","repostType":4,"repost":{"id":"1172090539","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":1641297118,"share":"https://www.laohunote.com/m/news/1172090539?lang=zh_CN&edition=full","pubTime":"2022-01-04 19:51","market":"us","language":"en","title":"Tencent to reduce voting stake in Singapore tech group Sea,the latter fell nearly 5% in premarket trading<blockquote>腾讯控股将减少新加坡科技集团Sea的投票权股份，后者在盘前交易中下跌近5%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1172090539","media":"Tiger Newspress","summary":"Sea fell nearly 5% in premarket trading.Chinese gaming and social media company Tencent Holdings Ltd","content":"<p><html><head></head><body>Sea fell nearly 5% in premarket trading.<img src=\"https://static.tigerbbs.com/4e48734bab7df39f0f77d5a6facdffd5\" tg-width=\"770\" tg-height=\"567\" width=\"100%\" height=\"auto\"/>Chinese gaming and social media company Tencent Holdings Ltd has agreed to convert its Class B ordinary shares in Singapore-based gaming and e-commerce firm Sea Ltd into Class A ordinary shares, reducing its voting power to less than 10%.</p><p><blockquote><html><head></head><body>Sea在盘前交易中下跌近5%。中国游戏和社交媒体公司腾讯控股控股有限公司已同意将其在新加坡游戏和电子商务公司Sea Ltd的B类普通股转换为A类普通股，将其投票权降至10%以下。</body></html></blockquote></p><p>In a statement issued on Wednesday, U.S.-listed Sea said Tencent and its affiliates, which together hold a 21.3% stake in the company, had given an irrevocable notice to convert its entire Class B ordinary shares.</p><p><blockquote>在周三发布的一份声明中，美国上市公司 Sea 表示，腾讯控股及其附属公司（合计持有该公司 21.3% 的股份）已发出不可撤销的通知，转换其全部 B 类普通股。</blockquote></p><p>Upon conversion, all outstanding class B shares of Sea will be beneficially owned by Forrest Li, the founder, chairman and CEO of Sea, whose market value of $124 billion makes it Southeast Asia&#39;s most valued company.</p><p><blockquote>转换后，Sea 的所有已发行 B 类股票将由 Sea 创始人、董事长兼首席执行官 Forrest Li 实益拥有，其市值为 1240 亿美元，使其成为东南亚最有价值的公司。</blockquote></p><p>Tencent has also agreed to terminate its proxy to Li after the conversion.</p><p><blockquote>腾讯控股还同意在转换后终止其对李的代理权。</blockquote></p><p>Sea said the changes are subject to approval by its shareholders at its annual general meeting on Feb. 14.</p><p><blockquote>Sea 表示，这些变更须经股东在 2 月 14 日的年度股东大会上批准。</blockquote></p><p>It said that once the changes are made, the outstanding Class B ordinary shares beneficially owned by Li are expected to represent about 57% of the voting power, up from about 52%.</p><p><blockquote>该公司表示，一旦做出变更，李实益拥有的已发行B类普通股预计将占投票权的约57%，高于约52%。</blockquote></p><p>Separately, Li holds about 54% of the total voting power related to the size and composition of Sea&#39;s board of directors.</p><p><blockquote>另外，李持有与 Sea 董事会规模和组成相关的总投票权的约 54%。</blockquote></p><p></body></html></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>Tencent to reduce voting stake in Singapore tech group Sea,the latter fell nearly 5% in premarket trading<blockquote>腾讯控股将减少新加坡科技集团Sea的投票权股份，后者在盘前交易中下跌近5%</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTencent to reduce voting stake in Singapore tech group Sea,the latter fell nearly 5% in premarket trading<blockquote>腾讯控股将减少新加坡科技集团Sea的投票权股份，后者在盘前交易中下跌近5%</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\">2022-01-04 19:51</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>Sea fell nearly 5% in premarket trading.<img src=\"https://static.tigerbbs.com/4e48734bab7df39f0f77d5a6facdffd5\" tg-width=\"770\" tg-height=\"567\" width=\"100%\" height=\"auto\"/>Chinese gaming and social media company Tencent Holdings Ltd has agreed to convert its Class B ordinary shares in Singapore-based gaming and e-commerce firm Sea Ltd into Class A ordinary shares, reducing its voting power to less than 10%.</p><p><blockquote><html><head></head><body>Sea在盘前交易中下跌近5%。中国游戏和社交媒体公司腾讯控股控股有限公司已同意将其在新加坡游戏和电子商务公司Sea Ltd的B类普通股转换为A类普通股，将其投票权降至10%以下。</body></html></blockquote></p><p>In a statement issued on Wednesday, U.S.-listed Sea said Tencent and its affiliates, which together hold a 21.3% stake in the company, had given an irrevocable notice to convert its entire Class B ordinary shares.</p><p><blockquote>在周三发布的一份声明中，美国上市公司 Sea 表示，腾讯控股及其附属公司（合计持有该公司 21.3% 的股份）已发出不可撤销的通知，转换其全部 B 类普通股。</blockquote></p><p>Upon conversion, all outstanding class B shares of Sea will be beneficially owned by Forrest Li, the founder, chairman and CEO of Sea, whose market value of $124 billion makes it Southeast Asia&#39;s most valued company.</p><p><blockquote>转换后，Sea 的所有已发行 B 类股票将由 Sea 创始人、董事长兼首席执行官 Forrest Li 实益拥有，其市值为 1240 亿美元，使其成为东南亚最有价值的公司。</blockquote></p><p>Tencent has also agreed to terminate its proxy to Li after the conversion.</p><p><blockquote>腾讯控股还同意在转换后终止其对李的代理权。</blockquote></p><p>Sea said the changes are subject to approval by its shareholders at its annual general meeting on Feb. 14.</p><p><blockquote>Sea 表示，这些变更须经股东在 2 月 14 日的年度股东大会上批准。</blockquote></p><p>It said that once the changes are made, the outstanding Class B ordinary shares beneficially owned by Li are expected to represent about 57% of the voting power, up from about 52%.</p><p><blockquote>该公司表示，一旦做出变更，李实益拥有的已发行B类普通股预计将占投票权的约57%，高于约52%。</blockquote></p><p>Separately, Li holds about 54% of the total voting power related to the size and composition of Sea&#39;s board of directors.</p><p><blockquote>另外，李持有与 Sea 董事会规模和组成相关的总投票权的约 54%。</blockquote></p><p></body></html></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SE":"Sea Ltd","00700":"腾讯控股"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1172090539","content_text":"Sea fell nearly 5% in premarket trading.Chinese gaming and social media company Tencent Holdings Ltd has agreed to convert its Class B ordinary shares in Singapore-based gaming and e-commerce firm Sea Ltd into Class A ordinary shares, reducing its voting power to less than 10%.In a statement issued on Wednesday, U.S.-listed Sea said Tencent and its affiliates, which together hold a 21.3% stake in the company, had given an irrevocable notice to convert its entire Class B ordinary shares.Upon conversion, all outstanding class B shares of Sea will be beneficially owned by Forrest Li, the founder, chairman and CEO of Sea, whose market value of $124 billion makes it Southeast Asia's most valued company.Tencent has also agreed to terminate its proxy to Li after the conversion.Sea said the changes are subject to approval by its shareholders at its annual general meeting on Feb. 14.It said that once the changes are made, the outstanding Class B ordinary shares beneficially owned by Li are expected to represent about 57% of the voting power, up from about 52%.Separately, Li holds about 54% of the total voting power related to the size and composition of Sea's board of directors.","news_type":1,"symbols_score_info":{"SE":0.9,"00700":0.9}},"isVote":1,"tweetType":1,"viewCount":4787,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":692171567,"gmtCreate":1640891983157,"gmtModify":1640891983333,"author":{"id":"3579922554249988","authorId":"3579922554249988","name":"Portfolio50","avatar":"https://static.tigerbbs.com/3e41399b7d47310e4bf55e2a5917c9da","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579922554249988","authorIdStr":"3579922554249988"},"themes":[],"title":"","htmlText":"Interested but will wait for it to be listed in HKEX&nbsp;","listText":"Interested but will wait for it to be listed in HKEX&nbsp;","text":"Interested but will wait for it to be listed in HKEX","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/692171567","repostId":"1139674064","repostType":4,"repost":{"id":"1139674064","kind":"news","pubTimestamp":1640878484,"share":"https://www.laohunote.com/m/news/1139674064?lang=zh_CN&edition=full","pubTime":"2021-12-30 23:34","market":"us","language":"en","title":"Lucid Vs. NIO Stock: Which EV Stock Is The Better Buy?<blockquote>Lucid 与蔚来股票：哪只电动汽车股票更值得购买？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1139674064","media":"Seeking Alpha","summary":"SummaryThe EV market is getting ever more competitive. Owning strong brands or tech will be important for companies to differentiate themselves from others.Both NIO and LCID have strong brands and gre","content":"<p><html><head></head><body><b>Summary</b></p><p><blockquote><html><head></head><body><b>总结</b></body></html></blockquote></p><p><ul><li>The EV market is getting ever more competitive. Owning strong brands or tech will be important for companies to differentiate themselves from others.</li><li>Both NIO and LCID have strong brands and great tech, which allow them to demand high ASPs.</li><li>NIO seems like the lower-risk choice among these two, and due to being a lot farther along from a production ramp perspective, it is, I believe, the better choice today.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0fe01e445aec1bb67f1b8d810f551603\" tg-width=\"1536\" tg-height=\"1025\" referrerpolicy=\"no-referrer\"/><span>Trygve Finkelsen/iStock Editorial via Getty Images</span></p><p><blockquote><ul><li>电动汽车市场竞争日益激烈。拥有强大的品牌或技术对于公司脱颖而出非常重要。</li><li>蔚来和LCID都拥有强大的品牌和出色的技术，这使他们能够要求高平均售价。</li><li>蔚来似乎是这两者中风险较低的选择，而且由于从生产斜坡的角度来看要远得多，我相信它是今天更好的选择。</li></ul><p class=\"t-img-caption\"><span>Trygve Finkelsen/iStock 社论来自 Getty Images</span></p></blockquote></p><p><b>Article Thesis</b></p><p><blockquote><b>文章论文</b></blockquote></p><p>The EV space has brought up many companies that do not seem too viable in the long run, but there are also strong contenders apart from Tesla (TSLA). In this report, we&#39;ll pit Lucid Group, Inc. (LCID) and NIO Inc. (NIO) against each other - two of the most interesting EV players that combine strong brands and high-end technological capabilities. In this report, we&#39;ll take a deeper dive into the tech and product side and will look at individual risks for both companies. Overall, I do believe that NIO is the more attractive choice among these two at current prices.</p><p><blockquote>电动汽车领域催生了许多从长远来看似乎不太可行的公司，但除了特斯拉 (TSLA) 之外，还有强有力的竞争者。在本报告中，我们将 Lucid Group, Inc. (LCID) 和蔚来（蔚来）进行比较——这两家最有趣的电动汽车公司结合了强大的品牌和高端技术能力。在本报告中，我们将更深入地探讨技术和产品方面，并研究两家公司的个别风险。总的来说，我确实相信以目前的价格来看，蔚来是这两者中更具吸引力的选择。</blockquote></p><p><b>Lucid And NIO In The EV Market</b></p><p><blockquote><b>电动汽车市场的 Lucid 和蔚来</b></blockquote></p><p>The global EV market has been growing rapidly, with EV sales likely coming in a little north of six million, which is roughly twice as high as during the previous year. Clearly, EVs are a huge growth sector in the global automobile market, although it should be noted that most vehicles sold around the world are still powered by internal combustion engines. Over the years, EV market share should continue to climb rapidly, but it is not looking like EVs will dominate ICE vehicles any time soon.</p><p><blockquote>全球电动汽车市场一直在快速增长，电动汽车销量可能略高于 600 万辆，大约是上一年的两倍。显然，电动汽车是全球汽车市场的一个巨大增长领域，尽管应该指出的是，世界各地销售的大多数车辆仍然由内燃机驱动。多年来，电动汽车市场份额应该会继续快速攀升，但电动汽车似乎不会很快主导内燃机车辆。</blockquote></p><p>The market leaders in the EV space are Tesla and BYD (OTCPK:BYDDY), and, depending on how one counts plug-in hybrids, Volkswagen (OTCPK:VWAGY). NIO Inc. and Lucid Group, Inc. are not among the largest companies for now. NIO is selling around 11,000 vehicles a month right now, which translates into a ~130,000 annual sales pace. Sales have been growing quickly, however, which is why NIO will most likely sell more than 130,000 vehicles next year, as deliveries should continue to climb sequentially. Lucid is way smaller for now, in terms of deliveries, as the company has likely sold a couple of hundred vehicles this year. Next year, Lucid Group targets deliveries of around 20,000 vehicles - up by a lot versus 2021, but still a relatively small number compared to the deliveries NIO and many other peers will hit next year.</p><p><blockquote>电动汽车领域的市场领导者是特斯拉和比亚迪（OTCPK:BYDDY），以及大众汽车（OTCPK:VWAGY），这取决于人们如何计算插电式混合动力车。蔚来和 Lucid Group, Inc. 目前还不是最大的公司。蔚来目前每月销售约 11,000 辆汽车，这意味着年销量约为 130,000 辆。然而，销量一直在快速增长，这就是为什么蔚来明年的销量很可能超过 130,000 辆，因为交付量应该会继续环比攀升。就交付量而言，Lucid 目前规模要小得多，因为该公司今年可能已经售出了几百辆汽车。明年，Lucid Group 的目标是交付约 20,000 辆汽车，比 2021 年增加了很多，但与蔚来和许多其他同行明年的交付量相比，这个数字仍然相对较小。</blockquote></p><p><b>LCID Vs. NIO&#39;s Past Quarterly Performance</b></p><p><blockquote><b>LCID 与蔚来过去季度业绩</b></blockquote></p><p>As noted above, NIO&#39;s sales performance was way stronger than that of Lucid over the last three months, but that was hardly a surprise as LCID just began delivering vehicles to customers. On a share price basis, however, Lucid fared better:</p><p><blockquote>如上所述，蔚来汽车过去三个月的销售业绩远远强于 Lucid，但这并不奇怪，因为 LCID 刚刚开始向客户交付车辆。然而，就股价而言，Lucid 的表现更好：</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a7a6e7cb1b1485f32cc25ade9f387a5b\" tg-width=\"635\" tg-height=\"433\" referrerpolicy=\"no-referrer\"/><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据由YCharts提供</span></p></blockquote></p><p>Over the last three months, LCID is up close to 50%, whereas NIO saw its shares drop by close to 20% over the same time frame. In NIO&#39;s case, macro worries about Chinese regulation played a role, whereas LCID benefitted a lot from growing enthusiasm for US-based EV players caused by Rivian&#39;s (RIVN) huge IPO success. On top of that, the start of deliveries also attracted new investors to Lucid&#39;s stock. If analysts are correct, NIO is the much better value today:</p><p><blockquote>过去三个月，LCID 上涨了近 50%，而蔚来的股价同期下跌了近 20%。就蔚来汽车而言，对中国监管的宏观担忧发挥了作用，而 LCID 则从 Rivian (RIVN) 的巨大成功 IPO 带来的对美国电动汽车企业日益增长的热情中受益匪浅。最重要的是，交付的开始也吸引了新投资者关注 Lucid 的股票。如果分析师是正确的，那么蔚来如今的价值要好得多：</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0b1d0939d657b284e25d8447ccb211b5\" tg-width=\"635\" tg-height=\"481\" referrerpolicy=\"no-referrer\"/><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据由YCharts提供</span></p></blockquote></p><p>Shares are trading at less than half the consensus price target, which implies 100%+ upside over the next year, whereas LCID is trading almost perfectly in line with the current consensus price target - which implies no upside over the next year. NIO&#39;s underperformance over the last quarter thus seems to position the company well for a strong performance from the current level, whereas the same can&#39;t be said about Lucid.</p><p><blockquote>股价交易价格不到共识目标价的一半，这意味着明年有 100% 以上的上涨空间，而 LCID 的交易价格几乎完全符合当前共识目标价，这意味着明年没有上涨空间。因此，蔚来汽车上一季度的表现不佳似乎为该公司在当前水平上的强劲表现奠定了良好的基础，而 Lucid 则不然。</blockquote></p><p><b>Lucid Vs. NIO Key Metrics</b></p><p><blockquote><b>Lucid 与蔚来关键指标</b></blockquote></p><p></p><p>Let&#39;s take a deeper look at the tech of the two companies, as well as at their branding, and their specific key risks. Both NIO and Lucid are active in the high-end segment of the EV industry, selling vehicles with ASPs well north of the average Tesla. NIO&#39;s ASP is around $70,000, and Lucid&#39;s ASP is even higher than that for now, as the company is selling the most expensive Air<i>Dream</i>version first. Tesla, the current EV leader, has an ASP of around $50,000. Both NIO and Tesla are thus operating in a more luxurious, higher-end segment of the market compared to Tesla. How are these companies able to demand way higher ASPs than Tesla? There are several factors at play, including branding, but one of the most important factors is their great tech.</p><p><blockquote>让我们更深入地了解一下这两家公司的技术，以及它们的品牌，以及它们具体的主要风险。蔚来和 Lucid 都活跃于电动汽车行业的高端领域，销售的汽车平均售价远高于特斯拉平均水平。蔚来汽车的平均售价约为 70,000 美元，而 Lucid 的平均售价目前甚至更高，因为该公司正在销售最昂贵的 Air<i>梦想</i>版本优先。目前的电动汽车领导者特斯拉的平均售价约为 50,000 美元。因此，与特斯拉相比，蔚来和特斯拉都在更豪华、更高端的细分市场运营。这些公司如何能够要求比特斯拉高得多的平均售价？有几个因素在起作用，包括品牌，但最重要的因素之一是他们出色的技术。</blockquote></p><p>NIO&#39;s battery-swapping technology, for example, allows its customers to fully &#34;recharge&#34; in a couple of minutes, while most other EVs take way longer to fully charge. Lucid doesn&#39;t employ battery-swapping, but its racing-tested 900V technology allows for both a huge range as well as for fast charging speeds - Lucid&#39;s architecture allows customers to charge up to 300 miles worth of energy in just 20 minutes. The Tesla S, for reference, uses a ~400V architecture that allows customers to recharge 200 miles in 15 minutes. Clearly, both NIO&#39;s solution, as well as Lucid&#39;s solution, seem superior compared to what Tesla is offering.</p><p><blockquote>例如，蔚来汽车的电池更换技术可以让客户在几分钟内完全“充电”，而大多数其他电动汽车需要更长的时间才能充满电。Lucid 不采用电池更换，但其经过赛车测试的 900V 技术可以实现巨大的续航里程和快速的充电速度 - Lucid 的架构允许客户在短短 20 分钟内充电长达 300 英里的能量。作为参考，特斯拉 S 采用约 400V 架构，允许客户在 15 分钟内充电 200 英里。显然，蔚来的解决方案和 Lucid 的解决方案似乎都优于特斯拉提供的解决方案。</blockquote></p><p>NIO&#39;s and Lucid&#39;s tech also looks highly competitive when it comes to their respective batteries. The Lucid Air Dream has an EPA range of 520 miles, which should be sufficient for almost all use cases. NIO has a larger product portfolio compared to Lucid, but when we take a look at its top-end sedan, battery performance looks even better. The NIO ET7, with a 150kWh battery (smaller options are available, too), has a range of up to 1,000km, which equates to around 620 miles of range. Again, both NIO and Lucid perform well compared to Tesla - the flagship S Plaid has an EPA range of 350 miles. Thanks to its experience in developing and supplying racing engines for electric race cars, Lucid crafts an especially efficient engine:</p><p><blockquote>蔚来和 Lucid 的技术在各自的电池方面看起来也极具竞争力。Lucid Air Dream 的 EPA 续航里程为 520 英里，几乎可以满足所有用例。与 Lucid 相比，蔚来拥有更大的产品组合，但当我们查看其高端轿车时，电池性能看起来甚至更好。蔚来 ET7 配备 150kWh 电池（也有更小的选项），续航里程可达 1,000 公里，相当于约 620 英里的续航里程。同样，与特斯拉相比，蔚来和 Lucid 的表现都很好——旗舰 S Plaid 的 EPA 续航里程为 350 英里。凭借其在开发和供应电动赛车赛车发动机方面的经验，Lucid 打造了一款特别高效的发动机：</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/edf92a9709beceb826f2e86b3bc25dd6\" tg-width=\"1502\" tg-height=\"829\" referrerpolicy=\"no-referrer\"/><span>Source: Lucid presentation</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Lucid 演示文稿</span></p></blockquote></p><p>A smaller, more efficient engine results in lower resource usage and reduces the weight of the vehicle, all else equal. This does, in turn, lead to a longer range, and it also allows for better handling and driving performance, all else equal. Lucid is by far not the biggest EV player today, but its engineers have developed some of the most compelling products and solutions among all currently active EV players.</p><p><blockquote>在其他条件相同的情况下，更小、更高效的发动机可降低资源使用率并减轻车辆重量。这反过来又会带来更长的续航里程，并且在其他条件相同的情况下，还可以实现更好的操控性和驾驶性能。Lucid 迄今为止还不是当今最大的电动汽车制造商，但其工程师已经开发了一些目前活跃的电动汽车制造商中最引人注目的产品和解决方案。</blockquote></p><p>NIO puts a lot of focus on technologies that will eventually allow for autonomous driving and puts massive numbers of sensors and huge computing power in its vehicles today. The ET7 uses the following sensing units for that goal:</p><p><blockquote>蔚来非常重视最终实现自动驾驶的技术，并在当今的车辆中安装了大量传感器和巨大的计算能力。ET7 为此使用以下传感单元：</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b39530a306d0b27d76d36bccec0e147d\" tg-width=\"640\" tg-height=\"331\" referrerpolicy=\"no-referrer\"/><span>Source: NIO</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：蔚来</span></p></blockquote></p><p>With 33 sensors that use up to 8MP, NIO&#39;s sensing capabilities easily blow away those of Tesla. The Tesla Model 3, which is, according to CEO Musk, ready for full-self-driving, only uses 8 cameras with 1.2MP each. One of NIO&#39;s sensors in the ET7 thus has almost as much sensing performance as all of the cameras in the M3 combined - and NIO uses 32 additional sensors in its model. Clearly, NIO&#39;s offering is superior - and that obviously comes at a price, as NIO is not skimping when it comes to putting the best tech in its vehicles. This is also showcased by the massive processing power of the chips NIO uses in the ET7. The ET7 uses four NVIDIA (NVDA) Orin SoCs, each of which offers slightly more than 250 trillion operations per second, which makes for combined computing power of more than 1,000 TOPS - unheard of in any production vehicle. Using four SoCs at the same time also provides for the redundancy that is required for critical systems in a self-driving scenario. it should be noted that NIO&#39;s self-driving tech is not as excellent on the software side - yet. At least for now, peers such as XPeng (XPEV) seem to employ the stronger algorithms, but that is a problem that NIO can solve over the coming quarters and years, and integrating future software in its vehicles that come with top-notch hardware shouldn&#39;t be a very difficult task. Lucid&#39;s self-driving tech, even though it doesn&#39;t get a lot of recognition yet, is not looking bad at all, either. The DreamDrive suite utilizes 32 onboard sensors, almost on par with NIO&#39;s Aquila system (and 4x more sensors compared to the M3, which is allegedly L5 ready from a hardware perspective).</p><p><blockquote>蔚来拥有 33 个传感器，使用高达 8MP，其传感能力轻松超越特斯拉。据首席执行官马斯克称，特斯拉 Model 3 已准备好实现全自动驾驶，但仅使用 8 个摄像头，每个摄像头为 120 万像素。因此，蔚来 ET7 中的一个传感器的传感性能几乎相当于 M3 中所有摄像头的总和，而蔚来在其车型中额外使用了 32 个传感器。显然，蔚来的产品是卓越的——这显然是有代价的，因为蔚来在将最好的技术融入其车辆方面并不吝啬。蔚来在ET7中使用的芯片的巨大处理能力也证明了这一点。ET7 使用四个 NVIDIA (NVDA) Orin SoC，每个 SoC 每秒可提供略高于 250 万亿次的操作，这使得综合计算能力超过 1,000 TOPS，这在任何量产车辆中都是闻所未闻的。同时使用四个SoC还提供了自动驾驶场景中关键系统所需的冗余。需要注意的是，蔚来的自动驾驶技术在软件方面还没有那么出色。至少目前，小鹏汽车（XPEV）等同行似乎采用了更强大的算法，但这是蔚来可以在未来几个季度和几年内解决的问题，将未来软件集成到配备顶级硬件的车辆中应该不是一项非常困难的任务。Lucid 的自动驾驶技术尽管尚未得到太多认可，但看起来也一点也不差。DreamDrive套件使用32个车载传感器，几乎与蔚来的Aquila系统相当（与M3相比，M3的传感器多4倍，据称从硬件角度来看，M3是L5就绪）。</blockquote></p><p></p><p>Strong tech alone doesn&#39;t make for an attractive vehicle, however, as design, manufacturing quality, etc. have to be considered as well. Luckily, both NIO and Lucid compete very well on that basis, although the data on Lucid is still limited due to the low sales numbers - not too many people have driven a Lucid Air yet, thus data about reliability, etc. is limited. NIO, however, has been selling thousands of vehicles a month for quite some time, and its users are very satisfied with the vehicles&#39; quality. CnTechPost reports that J.D. Power has rated NIO the highest-quality EV company in China, ahead of Tesla. Lucid is not active in the country yet, but test drives by a wide range of auto journalists and magazines have generally resulted in very positive reviews. Both NIO and Lucid thus look strong from a design, quality, and tech perspective, with NIO putting more focus on customer-friendly items such as battery-swapping and driving assistance, whereas Lucid puts more focus on engine performance, battery tech, etc. Both avenues have their advantages, but I personally could see NIO benefit more from its easy-to-use, customer-friendly approach, as not too many people will buy an EV based on criteria such as the battery architecture. Still, Lucid&#39;s ability to develop high-performing vehicles should come in very handy in the highly competitive EV industry going forward.</p><p><blockquote>然而，仅仅强大的技术并不能造就一辆有吸引力的汽车，就像设计、制造质量等一样。也必须考虑。幸运的是，蔚来和 Lucid 在此基础上竞争得非常好，尽管由于销售数字较低，Lucid 的数据仍然有限——还没有太多人驾驶过 Lucid Air，因此有关可靠性等的数据有限。然而，蔚来已经有一段时间每月销售数千辆汽车，其用户对车辆的质量非常满意。CnTechPost 报道称，J.D。Power 将蔚来评为中国质量最高的电动汽车公司，领先于特斯拉。Lucid 尚未在该国活跃，但众多汽车记者和杂志的试驾普遍获得了非常积极的评价。因此，从设计、质量和技术的角度来看，蔚来和 Lucid 看起来都很强大，蔚来更注重电池更换和驾驶辅助等客户友好型项目，而 Lucid 则更注重发动机性能、电池技术等。这两种途径都有各自的优势，但我个人认为蔚来将从其易于使用、客户友好的方法中受益更多，因为不会有太多人会根据电池架构等标准购买电动汽车。尽管如此，Lucid 开发高性能汽车的能力在未来竞争激烈的电动汽车行业中应该会非常有用。</blockquote></p><p>With NIO, the main risk the market seems to worry about now is regulation/politics. I personally do not believe that regulation will be a huge risk for NIO. Chinese companies never were able to compete successfully in the ICE vehicle space, but with EV technologies bringing change to the entire global automobile industry, China saw its chance to become a global automobile powerhouse. Hurting NIO and other Chinese EV players would run contrary to those goals, which is why I believe that China is more interested in nurturing its own EV players, including NIO, instead of hurting them. Still, the market puts a discount on every Chinese company today, and that holds true for NIO as well - which might be a good thing for those seeking to buy into the company at a below-average valuation.</p><p><blockquote>对于蔚来，市场现在担心的主要风险似乎是监管/政治。我个人不认为监管会对蔚来构成巨大风险。中国公司从未能够在内燃机汽车领域成功竞争，但随着电动汽车技术给整个全球汽车行业带来变革，中国看到了成为全球汽车强国的机会。伤害蔚来和其他中国电动汽车制造商将与这些目标背道而驰，这就是为什么我认为中国更有兴趣培养自己的电动汽车制造商，包括蔚来，而不是伤害他们。尽管如此，如今市场对每家中国公司都打折，蔚来也是如此——这对于那些寻求以低于平均水平的估值买入该公司的人来说可能是一件好事。</blockquote></p><p>For Lucid, regulation doesn&#39;t seem like an important risk. Instead, the main risks here are the high valuation and the production ramp. As Tesla has shown, ramping up vehicle production is no easy task. The company oftentimes had to battle with delays and other issues, sometimes summarized as &#34;Production Hell&#34;. The same could hold true for Lucid, which will have to ramp up production at a high speed in the coming months and quarters in order to meet its ambitious production goals. It&#39;s not a certainty that it will experience similar issues to other manufacturers, of course, but due to a lack of experience, this seems a considerable risk worth keeping an eye on. On top of that, LCID&#39;s high valuation could be a considerable risk - shares trade at around 30x next year&#39;s expected revenue, and there is no guarantee at all that those revenues will actually be generated.</p><p><blockquote>对于 Lucid 来说，监管似乎并不是一个重要的风险。相反，这里的主要风险是高估值和产量增加。正如特斯拉所表明的那样，提高汽车产量并非易事。该公司经常不得不与延误和其他问题作斗争，有时被总结为“生产地狱”。Lucid 的情况也是如此，该公司必须在未来几个月和几个季度内高速提高产量，以实现其雄心勃勃的生产目标。当然，不能确定它会遇到与其他制造商类似的问题，但由于缺乏经验，这似乎是一个值得关注的相当大的风险。最重要的是，LCID 的高估值可能是一个相当大的风险——股票交易价格约为明年预期收入的 30 倍，而且根本无法保证这些收入真的会产生。</blockquote></p><p><b>Is Lucid Or NIO Stock The Better Buy?</b></p><p><blockquote><b>Lucid 还是蔚来股票更好买？</b></blockquote></p><p>Both NIO and Lucid have attractive products that seem highly competitive in the EV market that is seeing more and more entrants. I do believe that both companies will have operational success over the coming years, driven by strong tech, attractive brands, and compelling product quality. Operational growth does not necessarily result in share price growth, however, as valuations can be a major hurdle when one buys at a price that is too high.</p><p><blockquote>蔚来和 Lucid 都拥有有吸引力的产品，在越来越多的进入者的电动汽车市场中似乎具有高度竞争力。我确实相信，在强大的技术、有吸引力的品牌和引人注目的产品质量的推动下，两家公司将在未来几年取得运营成功。然而，运营增长并不一定会导致股价增长，因为当一个人以过高的价格购买时，估值可能是一个主要障碍。</blockquote></p><p>In NIO&#39;s case, that does not seem like an overly large risk, as shares are inexpensive relative to how other EV players are valued - NIO trades at ~4x next year&#39;s expected revenue, which represents a clear discount compared to LCID, RIVN, TSLA, and so on. Lucid, on the other hand, is trading at a very premium valuation of 30x next year&#39;s sales.</p><p><blockquote>就蔚来汽车而言，这似乎并不是一个太大的风险，因为相对于其他电动汽车公司的估值，股价并不昂贵——蔚来的交易价格约为明年预期收入的 4 倍，与 LCID、RIVN、TSLA 相比明显折扣等等。另一方面，Lucid 的估值非常高，是明年销售额的 30 倍。</blockquote></p><p>I do believe that, based on its larger size, more established operations, better progress in ramping production, and due to its much more reasonable valuation, NIO is the better pick among these two today.The recent share price decline makes for an attractive entry point for those interested in owning this top-notch Chinese EV player.</p><p><blockquote>我确实相信，基于其更大的规模、更成熟的业务、更好的增产进展以及更合理的估值，蔚来是当今这两者中更好的选择。最近的股价下跌对于那些有兴趣拥有这家顶级中国电动汽车公司的人来说是一个有吸引力的切入点。</blockquote></p><p></body></html></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>Lucid Vs. NIO Stock: Which EV Stock Is The Better Buy?<blockquote>Lucid 与蔚来股票：哪只电动汽车股票更值得购买？</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\">\nLucid Vs. NIO Stock: Which EV Stock Is The Better Buy?<blockquote>Lucid 与蔚来股票：哪只电动汽车股票更值得购买？</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\">2021-12-30 23:34</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body><b>Summary</b></p><p><blockquote><html><head></head><body><b>总结</b></body></html></blockquote></p><p><ul><li>The EV market is getting ever more competitive. Owning strong brands or tech will be important for companies to differentiate themselves from others.</li><li>Both NIO and LCID have strong brands and great tech, which allow them to demand high ASPs.</li><li>NIO seems like the lower-risk choice among these two, and due to being a lot farther along from a production ramp perspective, it is, I believe, the better choice today.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0fe01e445aec1bb67f1b8d810f551603\" tg-width=\"1536\" tg-height=\"1025\" referrerpolicy=\"no-referrer\"/><span>Trygve Finkelsen/iStock Editorial via Getty Images</span></p><p><blockquote><ul><li>电动汽车市场竞争日益激烈。拥有强大的品牌或技术对于公司脱颖而出非常重要。</li><li>蔚来和LCID都拥有强大的品牌和出色的技术，这使他们能够要求高平均售价。</li><li>蔚来似乎是这两者中风险较低的选择，而且由于从生产斜坡的角度来看要远得多，我相信它是今天更好的选择。</li></ul><p class=\"t-img-caption\"><span>Trygve Finkelsen/iStock 社论来自 Getty Images</span></p></blockquote></p><p><b>Article Thesis</b></p><p><blockquote><b>文章论文</b></blockquote></p><p>The EV space has brought up many companies that do not seem too viable in the long run, but there are also strong contenders apart from Tesla (TSLA). In this report, we&#39;ll pit Lucid Group, Inc. (LCID) and NIO Inc. (NIO) against each other - two of the most interesting EV players that combine strong brands and high-end technological capabilities. In this report, we&#39;ll take a deeper dive into the tech and product side and will look at individual risks for both companies. Overall, I do believe that NIO is the more attractive choice among these two at current prices.</p><p><blockquote>电动汽车领域催生了许多从长远来看似乎不太可行的公司，但除了特斯拉 (TSLA) 之外，还有强有力的竞争者。在本报告中，我们将 Lucid Group, Inc. (LCID) 和蔚来（蔚来）进行比较——这两家最有趣的电动汽车公司结合了强大的品牌和高端技术能力。在本报告中，我们将更深入地探讨技术和产品方面，并研究两家公司的个别风险。总的来说，我确实相信以目前的价格来看，蔚来是这两者中更具吸引力的选择。</blockquote></p><p><b>Lucid And NIO In The EV Market</b></p><p><blockquote><b>电动汽车市场的 Lucid 和蔚来</b></blockquote></p><p>The global EV market has been growing rapidly, with EV sales likely coming in a little north of six million, which is roughly twice as high as during the previous year. Clearly, EVs are a huge growth sector in the global automobile market, although it should be noted that most vehicles sold around the world are still powered by internal combustion engines. Over the years, EV market share should continue to climb rapidly, but it is not looking like EVs will dominate ICE vehicles any time soon.</p><p><blockquote>全球电动汽车市场一直在快速增长，电动汽车销量可能略高于 600 万辆，大约是上一年的两倍。显然，电动汽车是全球汽车市场的一个巨大增长领域，尽管应该指出的是，世界各地销售的大多数车辆仍然由内燃机驱动。多年来，电动汽车市场份额应该会继续快速攀升，但电动汽车似乎不会很快主导内燃机车辆。</blockquote></p><p>The market leaders in the EV space are Tesla and BYD (OTCPK:BYDDY), and, depending on how one counts plug-in hybrids, Volkswagen (OTCPK:VWAGY). NIO Inc. and Lucid Group, Inc. are not among the largest companies for now. NIO is selling around 11,000 vehicles a month right now, which translates into a ~130,000 annual sales pace. Sales have been growing quickly, however, which is why NIO will most likely sell more than 130,000 vehicles next year, as deliveries should continue to climb sequentially. Lucid is way smaller for now, in terms of deliveries, as the company has likely sold a couple of hundred vehicles this year. Next year, Lucid Group targets deliveries of around 20,000 vehicles - up by a lot versus 2021, but still a relatively small number compared to the deliveries NIO and many other peers will hit next year.</p><p><blockquote>电动汽车领域的市场领导者是特斯拉和比亚迪（OTCPK:BYDDY），以及大众汽车（OTCPK:VWAGY），这取决于人们如何计算插电式混合动力车。蔚来和 Lucid Group, Inc. 目前还不是最大的公司。蔚来目前每月销售约 11,000 辆汽车，这意味着年销量约为 130,000 辆。然而，销量一直在快速增长，这就是为什么蔚来明年的销量很可能超过 130,000 辆，因为交付量应该会继续环比攀升。就交付量而言，Lucid 目前规模要小得多，因为该公司今年可能已经售出了几百辆汽车。明年，Lucid Group 的目标是交付约 20,000 辆汽车，比 2021 年增加了很多，但与蔚来和许多其他同行明年的交付量相比，这个数字仍然相对较小。</blockquote></p><p><b>LCID Vs. NIO&#39;s Past Quarterly Performance</b></p><p><blockquote><b>LCID 与蔚来过去季度业绩</b></blockquote></p><p>As noted above, NIO&#39;s sales performance was way stronger than that of Lucid over the last three months, but that was hardly a surprise as LCID just began delivering vehicles to customers. On a share price basis, however, Lucid fared better:</p><p><blockquote>如上所述，蔚来汽车过去三个月的销售业绩远远强于 Lucid，但这并不奇怪，因为 LCID 刚刚开始向客户交付车辆。然而，就股价而言，Lucid 的表现更好：</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a7a6e7cb1b1485f32cc25ade9f387a5b\" tg-width=\"635\" tg-height=\"433\" referrerpolicy=\"no-referrer\"/><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据由YCharts提供</span></p></blockquote></p><p>Over the last three months, LCID is up close to 50%, whereas NIO saw its shares drop by close to 20% over the same time frame. In NIO&#39;s case, macro worries about Chinese regulation played a role, whereas LCID benefitted a lot from growing enthusiasm for US-based EV players caused by Rivian&#39;s (RIVN) huge IPO success. On top of that, the start of deliveries also attracted new investors to Lucid&#39;s stock. If analysts are correct, NIO is the much better value today:</p><p><blockquote>过去三个月，LCID 上涨了近 50%，而蔚来的股价同期下跌了近 20%。就蔚来汽车而言，对中国监管的宏观担忧发挥了作用，而 LCID 则从 Rivian (RIVN) 的巨大成功 IPO 带来的对美国电动汽车企业日益增长的热情中受益匪浅。最重要的是，交付的开始也吸引了新投资者关注 Lucid 的股票。如果分析师是正确的，那么蔚来如今的价值要好得多：</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0b1d0939d657b284e25d8447ccb211b5\" tg-width=\"635\" tg-height=\"481\" referrerpolicy=\"no-referrer\"/><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据由YCharts提供</span></p></blockquote></p><p>Shares are trading at less than half the consensus price target, which implies 100%+ upside over the next year, whereas LCID is trading almost perfectly in line with the current consensus price target - which implies no upside over the next year. NIO&#39;s underperformance over the last quarter thus seems to position the company well for a strong performance from the current level, whereas the same can&#39;t be said about Lucid.</p><p><blockquote>股价交易价格不到共识目标价的一半，这意味着明年有 100% 以上的上涨空间，而 LCID 的交易价格几乎完全符合当前共识目标价，这意味着明年没有上涨空间。因此，蔚来汽车上一季度的表现不佳似乎为该公司在当前水平上的强劲表现奠定了良好的基础，而 Lucid 则不然。</blockquote></p><p><b>Lucid Vs. NIO Key Metrics</b></p><p><blockquote><b>Lucid 与蔚来关键指标</b></blockquote></p><p></p><p>Let&#39;s take a deeper look at the tech of the two companies, as well as at their branding, and their specific key risks. Both NIO and Lucid are active in the high-end segment of the EV industry, selling vehicles with ASPs well north of the average Tesla. NIO&#39;s ASP is around $70,000, and Lucid&#39;s ASP is even higher than that for now, as the company is selling the most expensive Air<i>Dream</i>version first. Tesla, the current EV leader, has an ASP of around $50,000. Both NIO and Tesla are thus operating in a more luxurious, higher-end segment of the market compared to Tesla. How are these companies able to demand way higher ASPs than Tesla? There are several factors at play, including branding, but one of the most important factors is their great tech.</p><p><blockquote>让我们更深入地了解一下这两家公司的技术，以及它们的品牌，以及它们具体的主要风险。蔚来和 Lucid 都活跃于电动汽车行业的高端领域，销售的汽车平均售价远高于特斯拉平均水平。蔚来汽车的平均售价约为 70,000 美元，而 Lucid 的平均售价目前甚至更高，因为该公司正在销售最昂贵的 Air<i>梦想</i>版本优先。目前的电动汽车领导者特斯拉的平均售价约为 50,000 美元。因此，与特斯拉相比，蔚来和特斯拉都在更豪华、更高端的细分市场运营。这些公司如何能够要求比特斯拉高得多的平均售价？有几个因素在起作用，包括品牌，但最重要的因素之一是他们出色的技术。</blockquote></p><p>NIO&#39;s battery-swapping technology, for example, allows its customers to fully &#34;recharge&#34; in a couple of minutes, while most other EVs take way longer to fully charge. Lucid doesn&#39;t employ battery-swapping, but its racing-tested 900V technology allows for both a huge range as well as for fast charging speeds - Lucid&#39;s architecture allows customers to charge up to 300 miles worth of energy in just 20 minutes. The Tesla S, for reference, uses a ~400V architecture that allows customers to recharge 200 miles in 15 minutes. Clearly, both NIO&#39;s solution, as well as Lucid&#39;s solution, seem superior compared to what Tesla is offering.</p><p><blockquote>例如，蔚来汽车的电池更换技术可以让客户在几分钟内完全“充电”，而大多数其他电动汽车需要更长的时间才能充满电。Lucid 不采用电池更换，但其经过赛车测试的 900V 技术可以实现巨大的续航里程和快速的充电速度 - Lucid 的架构允许客户在短短 20 分钟内充电长达 300 英里的能量。作为参考，特斯拉 S 采用约 400V 架构，允许客户在 15 分钟内充电 200 英里。显然，蔚来的解决方案和 Lucid 的解决方案似乎都优于特斯拉提供的解决方案。</blockquote></p><p>NIO&#39;s and Lucid&#39;s tech also looks highly competitive when it comes to their respective batteries. The Lucid Air Dream has an EPA range of 520 miles, which should be sufficient for almost all use cases. NIO has a larger product portfolio compared to Lucid, but when we take a look at its top-end sedan, battery performance looks even better. The NIO ET7, with a 150kWh battery (smaller options are available, too), has a range of up to 1,000km, which equates to around 620 miles of range. Again, both NIO and Lucid perform well compared to Tesla - the flagship S Plaid has an EPA range of 350 miles. Thanks to its experience in developing and supplying racing engines for electric race cars, Lucid crafts an especially efficient engine:</p><p><blockquote>蔚来和 Lucid 的技术在各自的电池方面看起来也极具竞争力。Lucid Air Dream 的 EPA 续航里程为 520 英里，几乎可以满足所有用例。与 Lucid 相比，蔚来拥有更大的产品组合，但当我们查看其高端轿车时，电池性能看起来甚至更好。蔚来 ET7 配备 150kWh 电池（也有更小的选项），续航里程可达 1,000 公里，相当于约 620 英里的续航里程。同样，与特斯拉相比，蔚来和 Lucid 的表现都很好——旗舰 S Plaid 的 EPA 续航里程为 350 英里。凭借其在开发和供应电动赛车赛车发动机方面的经验，Lucid 打造了一款特别高效的发动机：</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/edf92a9709beceb826f2e86b3bc25dd6\" tg-width=\"1502\" tg-height=\"829\" referrerpolicy=\"no-referrer\"/><span>Source: Lucid presentation</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Lucid 演示文稿</span></p></blockquote></p><p>A smaller, more efficient engine results in lower resource usage and reduces the weight of the vehicle, all else equal. This does, in turn, lead to a longer range, and it also allows for better handling and driving performance, all else equal. Lucid is by far not the biggest EV player today, but its engineers have developed some of the most compelling products and solutions among all currently active EV players.</p><p><blockquote>在其他条件相同的情况下，更小、更高效的发动机可降低资源使用率并减轻车辆重量。这反过来又会带来更长的续航里程，并且在其他条件相同的情况下，还可以实现更好的操控性和驾驶性能。Lucid 迄今为止还不是当今最大的电动汽车制造商，但其工程师已经开发了一些目前活跃的电动汽车制造商中最引人注目的产品和解决方案。</blockquote></p><p>NIO puts a lot of focus on technologies that will eventually allow for autonomous driving and puts massive numbers of sensors and huge computing power in its vehicles today. The ET7 uses the following sensing units for that goal:</p><p><blockquote>蔚来非常重视最终实现自动驾驶的技术，并在当今的车辆中安装了大量传感器和巨大的计算能力。ET7 为此使用以下传感单元：</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b39530a306d0b27d76d36bccec0e147d\" tg-width=\"640\" tg-height=\"331\" referrerpolicy=\"no-referrer\"/><span>Source: NIO</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：蔚来</span></p></blockquote></p><p>With 33 sensors that use up to 8MP, NIO&#39;s sensing capabilities easily blow away those of Tesla. The Tesla Model 3, which is, according to CEO Musk, ready for full-self-driving, only uses 8 cameras with 1.2MP each. One of NIO&#39;s sensors in the ET7 thus has almost as much sensing performance as all of the cameras in the M3 combined - and NIO uses 32 additional sensors in its model. Clearly, NIO&#39;s offering is superior - and that obviously comes at a price, as NIO is not skimping when it comes to putting the best tech in its vehicles. This is also showcased by the massive processing power of the chips NIO uses in the ET7. The ET7 uses four NVIDIA (NVDA) Orin SoCs, each of which offers slightly more than 250 trillion operations per second, which makes for combined computing power of more than 1,000 TOPS - unheard of in any production vehicle. Using four SoCs at the same time also provides for the redundancy that is required for critical systems in a self-driving scenario. it should be noted that NIO&#39;s self-driving tech is not as excellent on the software side - yet. At least for now, peers such as XPeng (XPEV) seem to employ the stronger algorithms, but that is a problem that NIO can solve over the coming quarters and years, and integrating future software in its vehicles that come with top-notch hardware shouldn&#39;t be a very difficult task. Lucid&#39;s self-driving tech, even though it doesn&#39;t get a lot of recognition yet, is not looking bad at all, either. The DreamDrive suite utilizes 32 onboard sensors, almost on par with NIO&#39;s Aquila system (and 4x more sensors compared to the M3, which is allegedly L5 ready from a hardware perspective).</p><p><blockquote>蔚来拥有 33 个传感器，使用高达 8MP，其传感能力轻松超越特斯拉。据首席执行官马斯克称，特斯拉 Model 3 已准备好实现全自动驾驶，但仅使用 8 个摄像头，每个摄像头为 120 万像素。因此，蔚来 ET7 中的一个传感器的传感性能几乎相当于 M3 中所有摄像头的总和，而蔚来在其车型中额外使用了 32 个传感器。显然，蔚来的产品是卓越的——这显然是有代价的，因为蔚来在将最好的技术融入其车辆方面并不吝啬。蔚来在ET7中使用的芯片的巨大处理能力也证明了这一点。ET7 使用四个 NVIDIA (NVDA) Orin SoC，每个 SoC 每秒可提供略高于 250 万亿次的操作，这使得综合计算能力超过 1,000 TOPS，这在任何量产车辆中都是闻所未闻的。同时使用四个SoC还提供了自动驾驶场景中关键系统所需的冗余。需要注意的是，蔚来的自动驾驶技术在软件方面还没有那么出色。至少目前，小鹏汽车（XPEV）等同行似乎采用了更强大的算法，但这是蔚来可以在未来几个季度和几年内解决的问题，将未来软件集成到配备顶级硬件的车辆中应该不是一项非常困难的任务。Lucid 的自动驾驶技术尽管尚未得到太多认可，但看起来也一点也不差。DreamDrive套件使用32个车载传感器，几乎与蔚来的Aquila系统相当（与M3相比，M3的传感器多4倍，据称从硬件角度来看，M3是L5就绪）。</blockquote></p><p></p><p>Strong tech alone doesn&#39;t make for an attractive vehicle, however, as design, manufacturing quality, etc. have to be considered as well. Luckily, both NIO and Lucid compete very well on that basis, although the data on Lucid is still limited due to the low sales numbers - not too many people have driven a Lucid Air yet, thus data about reliability, etc. is limited. NIO, however, has been selling thousands of vehicles a month for quite some time, and its users are very satisfied with the vehicles&#39; quality. CnTechPost reports that J.D. Power has rated NIO the highest-quality EV company in China, ahead of Tesla. Lucid is not active in the country yet, but test drives by a wide range of auto journalists and magazines have generally resulted in very positive reviews. Both NIO and Lucid thus look strong from a design, quality, and tech perspective, with NIO putting more focus on customer-friendly items such as battery-swapping and driving assistance, whereas Lucid puts more focus on engine performance, battery tech, etc. Both avenues have their advantages, but I personally could see NIO benefit more from its easy-to-use, customer-friendly approach, as not too many people will buy an EV based on criteria such as the battery architecture. Still, Lucid&#39;s ability to develop high-performing vehicles should come in very handy in the highly competitive EV industry going forward.</p><p><blockquote>然而，仅仅强大的技术并不能造就一辆有吸引力的汽车，就像设计、制造质量等一样。也必须考虑。幸运的是，蔚来和 Lucid 在此基础上竞争得非常好，尽管由于销售数字较低，Lucid 的数据仍然有限——还没有太多人驾驶过 Lucid Air，因此有关可靠性等的数据有限。然而，蔚来已经有一段时间每月销售数千辆汽车，其用户对车辆的质量非常满意。CnTechPost 报道称，J.D。Power 将蔚来评为中国质量最高的电动汽车公司，领先于特斯拉。Lucid 尚未在该国活跃，但众多汽车记者和杂志的试驾普遍获得了非常积极的评价。因此，从设计、质量和技术的角度来看，蔚来和 Lucid 看起来都很强大，蔚来更注重电池更换和驾驶辅助等客户友好型项目，而 Lucid 则更注重发动机性能、电池技术等。这两种途径都有各自的优势，但我个人认为蔚来将从其易于使用、客户友好的方法中受益更多，因为不会有太多人会根据电池架构等标准购买电动汽车。尽管如此，Lucid 开发高性能汽车的能力在未来竞争激烈的电动汽车行业中应该会非常有用。</blockquote></p><p>With NIO, the main risk the market seems to worry about now is regulation/politics. I personally do not believe that regulation will be a huge risk for NIO. Chinese companies never were able to compete successfully in the ICE vehicle space, but with EV technologies bringing change to the entire global automobile industry, China saw its chance to become a global automobile powerhouse. Hurting NIO and other Chinese EV players would run contrary to those goals, which is why I believe that China is more interested in nurturing its own EV players, including NIO, instead of hurting them. Still, the market puts a discount on every Chinese company today, and that holds true for NIO as well - which might be a good thing for those seeking to buy into the company at a below-average valuation.</p><p><blockquote>对于蔚来，市场现在担心的主要风险似乎是监管/政治。我个人不认为监管会对蔚来构成巨大风险。中国公司从未能够在内燃机汽车领域成功竞争，但随着电动汽车技术给整个全球汽车行业带来变革，中国看到了成为全球汽车强国的机会。伤害蔚来和其他中国电动汽车制造商将与这些目标背道而驰，这就是为什么我认为中国更有兴趣培养自己的电动汽车制造商，包括蔚来，而不是伤害他们。尽管如此，如今市场对每家中国公司都打折，蔚来也是如此——这对于那些寻求以低于平均水平的估值买入该公司的人来说可能是一件好事。</blockquote></p><p>For Lucid, regulation doesn&#39;t seem like an important risk. Instead, the main risks here are the high valuation and the production ramp. As Tesla has shown, ramping up vehicle production is no easy task. The company oftentimes had to battle with delays and other issues, sometimes summarized as &#34;Production Hell&#34;. The same could hold true for Lucid, which will have to ramp up production at a high speed in the coming months and quarters in order to meet its ambitious production goals. It&#39;s not a certainty that it will experience similar issues to other manufacturers, of course, but due to a lack of experience, this seems a considerable risk worth keeping an eye on. On top of that, LCID&#39;s high valuation could be a considerable risk - shares trade at around 30x next year&#39;s expected revenue, and there is no guarantee at all that those revenues will actually be generated.</p><p><blockquote>对于 Lucid 来说，监管似乎并不是一个重要的风险。相反，这里的主要风险是高估值和产量增加。正如特斯拉所表明的那样，提高汽车产量并非易事。该公司经常不得不与延误和其他问题作斗争，有时被总结为“生产地狱”。Lucid 的情况也是如此，该公司必须在未来几个月和几个季度内高速提高产量，以实现其雄心勃勃的生产目标。当然，不能确定它会遇到与其他制造商类似的问题，但由于缺乏经验，这似乎是一个值得关注的相当大的风险。最重要的是，LCID 的高估值可能是一个相当大的风险——股票交易价格约为明年预期收入的 30 倍，而且根本无法保证这些收入真的会产生。</blockquote></p><p><b>Is Lucid Or NIO Stock The Better Buy?</b></p><p><blockquote><b>Lucid 还是蔚来股票更好买？</b></blockquote></p><p>Both NIO and Lucid have attractive products that seem highly competitive in the EV market that is seeing more and more entrants. I do believe that both companies will have operational success over the coming years, driven by strong tech, attractive brands, and compelling product quality. Operational growth does not necessarily result in share price growth, however, as valuations can be a major hurdle when one buys at a price that is too high.</p><p><blockquote>蔚来和 Lucid 都拥有有吸引力的产品，在越来越多的进入者的电动汽车市场中似乎具有高度竞争力。我确实相信，在强大的技术、有吸引力的品牌和引人注目的产品质量的推动下，两家公司将在未来几年取得运营成功。然而，运营增长并不一定会导致股价增长，因为当一个人以过高的价格购买时，估值可能是一个主要障碍。</blockquote></p><p>In NIO&#39;s case, that does not seem like an overly large risk, as shares are inexpensive relative to how other EV players are valued - NIO trades at ~4x next year&#39;s expected revenue, which represents a clear discount compared to LCID, RIVN, TSLA, and so on. Lucid, on the other hand, is trading at a very premium valuation of 30x next year&#39;s sales.</p><p><blockquote>就蔚来汽车而言，这似乎并不是一个太大的风险，因为相对于其他电动汽车公司的估值，股价并不昂贵——蔚来的交易价格约为明年预期收入的 4 倍，与 LCID、RIVN、TSLA 相比明显折扣等等。另一方面，Lucid 的估值非常高，是明年销售额的 30 倍。</blockquote></p><p>I do believe that, based on its larger size, more established operations, better progress in ramping production, and due to its much more reasonable valuation, NIO is the better pick among these two today.The recent share price decline makes for an attractive entry point for those interested in owning this top-notch Chinese EV player.</p><p><blockquote>我确实相信，基于其更大的规模、更成熟的业务、更好的增产进展以及更合理的估值，蔚来是当今这两者中更好的选择。最近的股价下跌对于那些有兴趣拥有这家顶级中国电动汽车公司的人来说是一个有吸引力的切入点。</blockquote></p><p></body></html></p><p><blockquote></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4477181-lucid-vs-nio-stock-better-buy\">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":{"NIO":"蔚来","LCID":"Lucid Group Inc"},"source_url":"https://seekingalpha.com/article/4477181-lucid-vs-nio-stock-better-buy","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1139674064","content_text":"SummaryThe EV market is getting ever more competitive. Owning strong brands or tech will be important for companies to differentiate themselves from others.Both NIO and LCID have strong brands and great tech, which allow them to demand high ASPs.NIO seems like the lower-risk choice among these two, and due to being a lot farther along from a production ramp perspective, it is, I believe, the better choice today.Trygve Finkelsen/iStock Editorial via Getty ImagesArticle ThesisThe EV space has brought up many companies that do not seem too viable in the long run, but there are also strong contenders apart from Tesla (TSLA). In this report, we'll pit Lucid Group, Inc. (LCID) and NIO Inc. (NIO) against each other - two of the most interesting EV players that combine strong brands and high-end technological capabilities. In this report, we'll take a deeper dive into the tech and product side and will look at individual risks for both companies. Overall, I do believe that NIO is the more attractive choice among these two at current prices.Lucid And NIO In The EV MarketThe global EV market has been growing rapidly, with EV sales likely coming in a little north of six million, which is roughly twice as high as during the previous year. Clearly, EVs are a huge growth sector in the global automobile market, although it should be noted that most vehicles sold around the world are still powered by internal combustion engines. Over the years, EV market share should continue to climb rapidly, but it is not looking like EVs will dominate ICE vehicles any time soon.The market leaders in the EV space are Tesla and BYD (OTCPK:BYDDY), and, depending on how one counts plug-in hybrids, Volkswagen (OTCPK:VWAGY). NIO Inc. and Lucid Group, Inc. are not among the largest companies for now. NIO is selling around 11,000 vehicles a month right now, which translates into a ~130,000 annual sales pace. Sales have been growing quickly, however, which is why NIO will most likely sell more than 130,000 vehicles next year, as deliveries should continue to climb sequentially. Lucid is way smaller for now, in terms of deliveries, as the company has likely sold a couple of hundred vehicles this year. Next year, Lucid Group targets deliveries of around 20,000 vehicles - up by a lot versus 2021, but still a relatively small number compared to the deliveries NIO and many other peers will hit next year.LCID Vs. NIO's Past Quarterly PerformanceAs noted above, NIO's sales performance was way stronger than that of Lucid over the last three months, but that was hardly a surprise as LCID just began delivering vehicles to customers. On a share price basis, however, Lucid fared better:Data by YChartsOver the last three months, LCID is up close to 50%, whereas NIO saw its shares drop by close to 20% over the same time frame. In NIO's case, macro worries about Chinese regulation played a role, whereas LCID benefitted a lot from growing enthusiasm for US-based EV players caused by Rivian's (RIVN) huge IPO success. On top of that, the start of deliveries also attracted new investors to Lucid's stock. If analysts are correct, NIO is the much better value today:Data by YChartsShares are trading at less than half the consensus price target, which implies 100%+ upside over the next year, whereas LCID is trading almost perfectly in line with the current consensus price target - which implies no upside over the next year. NIO's underperformance over the last quarter thus seems to position the company well for a strong performance from the current level, whereas the same can't be said about Lucid.Lucid Vs. NIO Key MetricsLet's take a deeper look at the tech of the two companies, as well as at their branding, and their specific key risks. Both NIO and Lucid are active in the high-end segment of the EV industry, selling vehicles with ASPs well north of the average Tesla. NIO's ASP is around $70,000, and Lucid's ASP is even higher than that for now, as the company is selling the most expensive AirDreamversion first. Tesla, the current EV leader, has an ASP of around $50,000. Both NIO and Tesla are thus operating in a more luxurious, higher-end segment of the market compared to Tesla. How are these companies able to demand way higher ASPs than Tesla? There are several factors at play, including branding, but one of the most important factors is their great tech.NIO's battery-swapping technology, for example, allows its customers to fully \"recharge\" in a couple of minutes, while most other EVs take way longer to fully charge. Lucid doesn't employ battery-swapping, but its racing-tested 900V technology allows for both a huge range as well as for fast charging speeds - Lucid's architecture allows customers to charge up to 300 miles worth of energy in just 20 minutes. The Tesla S, for reference, uses a ~400V architecture that allows customers to recharge 200 miles in 15 minutes. Clearly, both NIO's solution, as well as Lucid's solution, seem superior compared to what Tesla is offering.NIO's and Lucid's tech also looks highly competitive when it comes to their respective batteries. The Lucid Air Dream has an EPA range of 520 miles, which should be sufficient for almost all use cases. NIO has a larger product portfolio compared to Lucid, but when we take a look at its top-end sedan, battery performance looks even better. The NIO ET7, with a 150kWh battery (smaller options are available, too), has a range of up to 1,000km, which equates to around 620 miles of range. Again, both NIO and Lucid perform well compared to Tesla - the flagship S Plaid has an EPA range of 350 miles. Thanks to its experience in developing and supplying racing engines for electric race cars, Lucid crafts an especially efficient engine:Source: Lucid presentationA smaller, more efficient engine results in lower resource usage and reduces the weight of the vehicle, all else equal. This does, in turn, lead to a longer range, and it also allows for better handling and driving performance, all else equal. Lucid is by far not the biggest EV player today, but its engineers have developed some of the most compelling products and solutions among all currently active EV players.NIO puts a lot of focus on technologies that will eventually allow for autonomous driving and puts massive numbers of sensors and huge computing power in its vehicles today. The ET7 uses the following sensing units for that goal:Source: NIOWith 33 sensors that use up to 8MP, NIO's sensing capabilities easily blow away those of Tesla. The Tesla Model 3, which is, according to CEO Musk, ready for full-self-driving, only uses 8 cameras with 1.2MP each. One of NIO's sensors in the ET7 thus has almost as much sensing performance as all of the cameras in the M3 combined - and NIO uses 32 additional sensors in its model. Clearly, NIO's offering is superior - and that obviously comes at a price, as NIO is not skimping when it comes to putting the best tech in its vehicles. This is also showcased by the massive processing power of the chips NIO uses in the ET7. The ET7 uses four NVIDIA (NVDA) Orin SoCs, each of which offers slightly more than 250 trillion operations per second, which makes for combined computing power of more than 1,000 TOPS - unheard of in any production vehicle. Using four SoCs at the same time also provides for the redundancy that is required for critical systems in a self-driving scenario. it should be noted that NIO's self-driving tech is not as excellent on the software side - yet. At least for now, peers such as XPeng (XPEV) seem to employ the stronger algorithms, but that is a problem that NIO can solve over the coming quarters and years, and integrating future software in its vehicles that come with top-notch hardware shouldn't be a very difficult task. Lucid's self-driving tech, even though it doesn't get a lot of recognition yet, is not looking bad at all, either. The DreamDrive suite utilizes 32 onboard sensors, almost on par with NIO's Aquila system (and 4x more sensors compared to the M3, which is allegedly L5 ready from a hardware perspective).Strong tech alone doesn't make for an attractive vehicle, however, as design, manufacturing quality, etc. have to be considered as well. Luckily, both NIO and Lucid compete very well on that basis, although the data on Lucid is still limited due to the low sales numbers - not too many people have driven a Lucid Air yet, thus data about reliability, etc. is limited. NIO, however, has been selling thousands of vehicles a month for quite some time, and its users are very satisfied with the vehicles' quality. CnTechPost reports that J.D. Power has rated NIO the highest-quality EV company in China, ahead of Tesla. Lucid is not active in the country yet, but test drives by a wide range of auto journalists and magazines have generally resulted in very positive reviews. Both NIO and Lucid thus look strong from a design, quality, and tech perspective, with NIO putting more focus on customer-friendly items such as battery-swapping and driving assistance, whereas Lucid puts more focus on engine performance, battery tech, etc. Both avenues have their advantages, but I personally could see NIO benefit more from its easy-to-use, customer-friendly approach, as not too many people will buy an EV based on criteria such as the battery architecture. Still, Lucid's ability to develop high-performing vehicles should come in very handy in the highly competitive EV industry going forward.With NIO, the main risk the market seems to worry about now is regulation/politics. I personally do not believe that regulation will be a huge risk for NIO. Chinese companies never were able to compete successfully in the ICE vehicle space, but with EV technologies bringing change to the entire global automobile industry, China saw its chance to become a global automobile powerhouse. Hurting NIO and other Chinese EV players would run contrary to those goals, which is why I believe that China is more interested in nurturing its own EV players, including NIO, instead of hurting them. Still, the market puts a discount on every Chinese company today, and that holds true for NIO as well - which might be a good thing for those seeking to buy into the company at a below-average valuation.For Lucid, regulation doesn't seem like an important risk. Instead, the main risks here are the high valuation and the production ramp. As Tesla has shown, ramping up vehicle production is no easy task. The company oftentimes had to battle with delays and other issues, sometimes summarized as \"Production Hell\". The same could hold true for Lucid, which will have to ramp up production at a high speed in the coming months and quarters in order to meet its ambitious production goals. It's not a certainty that it will experience similar issues to other manufacturers, of course, but due to a lack of experience, this seems a considerable risk worth keeping an eye on. On top of that, LCID's high valuation could be a considerable risk - shares trade at around 30x next year's expected revenue, and there is no guarantee at all that those revenues will actually be generated.Is Lucid Or NIO Stock The Better Buy?Both NIO and Lucid have attractive products that seem highly competitive in the EV market that is seeing more and more entrants. I do believe that both companies will have operational success over the coming years, driven by strong tech, attractive brands, and compelling product quality. Operational growth does not necessarily result in share price growth, however, as valuations can be a major hurdle when one buys at a price that is too high.In NIO's case, that does not seem like an overly large risk, as shares are inexpensive relative to how other EV players are valued - NIO trades at ~4x next year's expected revenue, which represents a clear discount compared to LCID, RIVN, TSLA, and so on. Lucid, on the other hand, is trading at a very premium valuation of 30x next year's sales.I do believe that, based on its larger size, more established operations, better progress in ramping production, and due to its much more reasonable valuation, NIO is the better pick among these two today.The recent share price decline makes for an attractive entry point for those interested in owning this top-notch Chinese EV player.","news_type":1,"symbols_score_info":{"NIO":0.9,"LCID":0.9}},"isVote":1,"tweetType":1,"viewCount":4076,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":698831239,"gmtCreate":1640333835478,"gmtModify":1640335372898,"author":{"id":"3579922554249988","authorId":"3579922554249988","name":"Portfolio50","avatar":"https://static.tigerbbs.com/3e41399b7d47310e4bf55e2a5917c9da","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579922554249988","authorIdStr":"3579922554249988"},"themes":[],"title":"","htmlText":"Loss keeps&nbsp;getting wider, keeps diluting its shareholders and its free cash flow is small. I'm staying away for now.","listText":"Loss keeps&nbsp;getting wider, keeps diluting its shareholders and its free cash flow is small. I'm staying away for now.","text":"Loss keeps getting wider, keeps diluting its shareholders and its free cash flow is small. I'm staying away for now.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/698831239","repostId":"1107827800","repostType":2,"repost":{"id":"1107827800","kind":"news","pubTimestamp":1640326128,"share":"https://www.laohunote.com/m/news/1107827800?lang=zh_CN&edition=full","pubTime":"2021-12-24 14:08","market":"us","language":"en","title":"Sea Limited: An Early Christmas Gift<blockquote>Sea Limited：一份提前的圣诞礼物</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1107827800","media":"Seeking Alpha","summary":"Summary\n\nSea Limited is a growing company in a growing economy.\nAt this stage, the company should be","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Sea Limited is a growing company in a growing economy.</li>  <li>At this stage, the company should be judged on its growth, not earnings.</li>  <li>The recent fall in price makes the stock look attractive when compared to similar growth stories.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f48c8d49ed462ac489fe8f5fa91f5691\" tg-width=\"1536\" tg-height=\"1031\" width=\"100%\" height=\"auto\"><span>FreshSplash/E+ via Getty Images</span></p><p><blockquote><ul><li>Sea Limited是一家在不断增长的经济中成长的公司。</li><li>现阶段，应该根据公司的增长而不是盈利来判断公司。</li><li>与类似的增长故事相比，最近的价格下跌使该股看起来很有吸引力。</li></ul><p class=\"t-img-caption\"><span>FreshSplash/E+ 来自盖蒂图片社</span></p></blockquote></p><p> <b>Thesis Summary</b></p><p><blockquote><b>论文总结</b></blockquote></p><p> Sea Limited (SE) is one of those companies that divide the room. The stock was one of the best performing of 2020/2021 but has now fallen over 30% from its all-time high following a general sell-off which has been most felt in growth stocks.</p><p><blockquote>Sea Limited (SE) 是划分房间的公司之一。该股是 2020/2021 年表现最好的股票之一，但在普遍抛售之后，该股已从历史高点下跌了 30% 以上，这种情况在成长型股票中最为明显。</blockquote></p><p> However, Sea's fundamental growth story remains strong, and the fact that it is running at a loss should not bother investors at this point. If we look at each segment individually, there's a lot to like, and an argument could be made for a much higher price than today. On a final note, Sea should also be aided by the recent policy change coming from China's Central bank, the PBOC, and overall macroeconomic trends.</p><p><blockquote>然而，Sea 的基本面增长故事仍然强劲，目前其亏损的事实不应困扰投资者。如果我们单独看每个细分市场，就会发现有很多值得喜欢的地方，而且可以争论比现在高得多的价格。最后一点，中国央行、中国人民银行和整体宏观经济趋势最近的政策变化也应该有助于Sea。</blockquote></p><p> <b>A Quick Recap</b></p><p><blockquote><b>快速回顾</b></blockquote></p><p> Sea Limited has three main segments; Digital Entertainment (Garena), Financial Services (SeaMoney) and E-commerce (Shopee). This is how they performed in the last quarter.</p><p><blockquote>Sea Limited 有三个主要部门；数字娱乐（Garena）、金融服务（SeaMoney）和电子商务（Shopee）。这就是他们上个季度的表现。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4cd726650027bd5d269b8fe1f0dd0b14\" tg-width=\"1280\" tg-height=\"664\" width=\"100%\" height=\"auto\"><span>Source: Investor Presentation</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：投资者介绍</span></p></blockquote></p><p> As we can see, Digital Entertainment is the only segment bringing in operating income. Meanwhile, eCommerce and Digital Finance are running at a loss. However, the growth rates at this point justify the investment. GMV for Shopee was up 81% YoY, and TPV processed through SeaMoney is up 111% YoY.</p><p><blockquote>正如我们所看到的，数字娱乐是唯一带来经营利润的细分市场。与此同时，电子商务和数字金融正在亏损。然而，目前的增长率证明了投资的合理性。Shopee 的 GMV 同比增长 81%，通过 SeaMoney 处理的 TPV 同比增长 111%。</blockquote></p><p> Despite strong growth across the board, Sea Limited has come down significantly in the last few weeks, providing us with a perfect opportunity to buy a stock with an incredibly appealing fundamental growth story.</p><p><blockquote>尽管全面增长强劲，但 Sea Limited 在过去几周大幅下跌，为我们提供了一个绝佳的机会来购买一只具有令人难以置信的吸引力的基本面增长故事的股票。</blockquote></p><p> <b>Growth And Profitability Prospects</b></p><p><blockquote><b>增长及盈利前景</b></blockquote></p><p> Firstly, let's talk about Sea's main geographical market; Southeast Asia. SEA economies are experiencing not just a fast level of growth, but also digitalization, which bodes incredibly well for SE.</p><p><blockquote>首先，我们来谈谈Sea的主要地理市场；东南亚。海洋经济不仅正在经历快速增长，而且正在经历数字化，这对东南亚来说是一个非常好的兆头。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/626a6dc7b34175282aeba7740413ede1\" tg-width=\"1280\" tg-height=\"521\" width=\"100%\" height=\"auto\"><span>Source: SEA Economy Report</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：海洋经济报告</span></p></blockquote></p><p> By 2025, the Internet economy is poised to reach over $300 billion in GMV. Indonesia, Vietnam and Thailand will be amongst the fastest growing Internet economies, and these are all areas where the company has a strong presence. On top of that, Sea is also expanding into Latin America, where it has challenged and surpassed MercadoLibre (MELI) in some&nbsp;countries like Brazil.</p><p><blockquote>到2025年，互联网经济的GMV有望超过3000亿美元。印度尼西亚、越南和泰国将成为增长最快的互联网经济体，这些都是该公司拥有强大影响力的地区。最重要的是，Sea 还在向拉丁美洲扩张，在巴西等一些国家挑战并超越了 MercadoLibre (MELI)。</blockquote></p><p> Shopee and SeaMoney will grow hand in hand. As Shopee grows, more merchants and consumers will be pulled into the SeaMoney ecosystem, which not only allows digital payments but also helps merchants and consumers get financing. Of course, at the moment the company is focusing on expansion, but we know full well that both eCommerce and Digital Finance can be lucrative segments.</p><p><blockquote>Shopee和SeaMoney将携手成长。随着Shopee的发展，更多的商家和消费者将被拉入SeaMoney生态系统，该生态系统不仅允许数字支付，还可以帮助商家和消费者获得融资。当然，目前该公司正专注于扩张，但我们非常清楚电子商务和数字金融都可能是利润丰厚的领域。</blockquote></p><p> Garena, which is responsible for creating Free Fire, is on another path. User growth is slowing down, this is true, but there is still plenty of room for monetization. The company has made moves in the right direction here by releasing Free Fire MAX, a premium version of the game. In a recent article on Seeking Alpha,JR Research pointed out&nbsp;that Garena continues to increase the proportion of paying users to active users, which are also growing, albeit at a slower rate.</p><p><blockquote>负责创造Free Fire的Garena正在走另一条道路。用户增长放缓，这是事实，但变现空间依然很大。该公司在这方面朝着正确的方向迈出了一步，发布了该游戏的高级版本Free Fire MAX。JR Research 在最近一篇关于 Seeking Alpha 的文章中指出，Garena 继续提高付费用户与活跃用户的比例，这些用户也在增长，尽管速度较慢。</blockquote></p><p> <b>Comparative Valuation</b></p><p><blockquote><b>比较估值</b></blockquote></p><p> With all that said, I do feel like sometimes Sea Limited gets judged unfairly, precisely because it has such a successful and profitable segment thanks to Free Fire. Investors often look at Sea's earnings and complain that they aren't growing fast enough, but this is not the company's objective. If Shopee or SeaMoney traded separately as \"exciting and fast-growing start-ups\" investors would be much less harsh with the valuation.</p><p><blockquote>综上所述，我确实觉得有时 Sea Limited 会受到不公平的评判，正是因为 Free Fire 拥有如此成功且盈利的细分市场。投资者经常查看 Sea 的盈利并抱怨其增长速度不够快，但这不是该公司的目标。如果 Shopee 或 SeaMoney 作为“令人兴奋且快速增长的初创企业”单独交易，投资者对估值的要求就不会那么苛刻了。</blockquote></p><p> Sea Limited is a growth company in a growth economy, and it should be judged on its growth and revenue, not on its earnings:</p><p><blockquote>Sea Limited 是一家成长型经济体中的成长型公司，应该根据其增长和收入来判断，而不是根据其盈利来判断：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/dabf7759dd81e88d0603fc2f17137235\" tg-width=\"905\" tg-height=\"313\" width=\"100%\" height=\"auto\"><span>Data Source: Seeking Alpha</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来源：Seeking Alpha</span></p></blockquote></p><p></p><p> Above we can see valuation ratios for Sea and what I consider to be some similar companies, though I am sure this will be a contentious point. Meli competes head-on with Sea in the eCommerce and fulfilment space. Roblox (RBLX) is an up and coming game/platform, and it is comparable to Free Fire. Shopify Inc.(NYSE:SHOP)has some unique characteristics, but it is also similar in many ways to Sea. It offers an eCommerce platform and helps merchants sell their products, and Shopify Pay is comparable to SeaMoney. Also, all of these companies are high growth companies through Sea is the best in this regard.</p><p><blockquote>上面我们可以看到 Sea 的估值比率以及我认为的一些类似公司，尽管我确信这将是一个有争议的点。Meli在电子商务和履行领域与Sea正面竞争。Roblox（RBLX）是一款冉冉升起的游戏/平台，堪比Free Fire。Shopify Inc.（纽约证券交易所股票代码：SHOP）具有一些独特的特征，但它在许多方面也与 Sea 相似。它提供了一个电子商务平台，帮助商家销售他们的产品，Shopify Pay与SeaMoney相当。此外，所有这些公司都是高成长性公司，Sea在这方面是最好的。</blockquote></p><p> In terms of P/S and EV/Sales though, Sea is cheaper than the rest of these companies, except for Meli. Also, I like the fact that Sea has a Price/Book in line with that of Shopify. Arguably these other companies could be said to be overvalued, but the idea here is to compare these companies amongst each other.</p><p><blockquote>不过，就市盈率和电动汽车销售额而言，Sea 比其他公司都便宜，除了 Meli。此外，我喜欢Sea的价格/账单与Shopify一致。可以说，这些其他公司可以说被高估了，但这里的想法是将这些公司相互比较。</blockquote></p><p> Ultimately, Sea is growing incredibly fast, and though it isn't \"profitable\", we know that it's building a business model that will be. A P/S of 14 seems attractive given all of this and the ratio is below the more recent average of around 20.</p><p><blockquote>最终，Sea 的增长速度令人难以置信，尽管它并不“盈利”，但我们知道它正在建立一种将会盈利的商业模式。考虑到所有这些，14 的市盈率似乎很有吸引力，而且该比率低于最近 20 左右的平均水平。</blockquote></p><p> <b>Other Considerations</b></p><p><blockquote><b>其他考虑因素</b></blockquote></p><p> Some investors might think that, with the Federal Reserve tightening monetary policy, this is not a good time. The first issue here would be; how long can the Fed tighten? We've seen this play out before in 2018, and we know how it ends. More importantly though, while the Fed tightens, the PBOC is loosening monetary policy, as we saw the&nbsp;key benchmark lending rate cut last week.</p><p><blockquote>一些投资者可能认为，随着美联储收紧货币政策，现在不是一个好时机。这里的第一个问题是：美联储能收紧多久？我们在2018年之前就看过这场比赛，我们知道它会如何结束。但更重要的是，在美联储收紧的同时，中国人民银行正在放松货币政策，正如我们上周看到的关键基准贷款利率下调。</blockquote></p><p> What does this mean for Sea? The effects are unclear. Easy credit in the area will help the company and its customers, but what about exchange rates? Some of these countries try to keep pegs to major currencies, so this might not change. This would suggest that South Eastern economies might have to follow the Fed in tightening monetary policy to defend this exchange rate.</p><p><blockquote>这对大海意味着什么？效果尚不清楚。该地区的宽松信贷将有助于公司及其客户，但汇率呢？其中一些国家试图保持与主要货币的挂钩，因此这种情况可能不会改变。这表明东南部经济体可能不得不跟随美联储收紧货币政策，以捍卫这一汇率。</blockquote></p><p> And lastly, what if COVID returns in full force? Again, the effects would be unclear. In many ways, Sea's business could be improved by this, even if the economy suffers overall.</p><p><blockquote>最后，如果COVID全面回归怎么办？同样，影响也不清楚。在许多方面，即使整体经济受到影响，Sea 的业务也可以因此得到改善。</blockquote></p><p> <b>Takeaway</b></p><p><blockquote><b>外卖</b></blockquote></p><p> Nothing much has changed for Sea Limited in recent months, except for its share price, and I'd be remiss if I didn't point out this buying opportunity. The company is expanding in all areas, and even increasing its profitability, though that is less important. I'm excited to see what 2022 holds for this stock.</p><p><blockquote>近几个月来，Sea Limited 除了股价之外没有太大变化，如果我不指出这个买入机会，那就是我的失职。该公司正在所有领域扩张，甚至提高盈利能力，尽管这并不那么重要。我很高兴看到这只股票 2022 年的走势。</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>Sea Limited: An Early Christmas Gift<blockquote>Sea Limited：一份提前的圣诞礼物</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\">\nSea Limited: An Early Christmas Gift<blockquote>Sea Limited：一份提前的圣诞礼物</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\">2021-12-24 14:08</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>Sea Limited is a growing company in a growing economy.</li>  <li>At this stage, the company should be judged on its growth, not earnings.</li>  <li>The recent fall in price makes the stock look attractive when compared to similar growth stories.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f48c8d49ed462ac489fe8f5fa91f5691\" tg-width=\"1536\" tg-height=\"1031\" width=\"100%\" height=\"auto\"><span>FreshSplash/E+ via Getty Images</span></p><p><blockquote><ul><li>Sea Limited是一家在不断增长的经济中成长的公司。</li><li>现阶段，应该根据公司的增长而不是盈利来判断公司。</li><li>与类似的增长故事相比，最近的价格下跌使该股看起来很有吸引力。</li></ul><p class=\"t-img-caption\"><span>FreshSplash/E+ 来自盖蒂图片社</span></p></blockquote></p><p> <b>Thesis Summary</b></p><p><blockquote><b>论文总结</b></blockquote></p><p> Sea Limited (SE) is one of those companies that divide the room. The stock was one of the best performing of 2020/2021 but has now fallen over 30% from its all-time high following a general sell-off which has been most felt in growth stocks.</p><p><blockquote>Sea Limited (SE) 是划分房间的公司之一。该股是 2020/2021 年表现最好的股票之一，但在普遍抛售之后，该股已从历史高点下跌了 30% 以上，这种情况在成长型股票中最为明显。</blockquote></p><p> However, Sea's fundamental growth story remains strong, and the fact that it is running at a loss should not bother investors at this point. If we look at each segment individually, there's a lot to like, and an argument could be made for a much higher price than today. On a final note, Sea should also be aided by the recent policy change coming from China's Central bank, the PBOC, and overall macroeconomic trends.</p><p><blockquote>然而，Sea 的基本面增长故事仍然强劲，目前其亏损的事实不应困扰投资者。如果我们单独看每个细分市场，就会发现有很多值得喜欢的地方，而且可以争论比现在高得多的价格。最后一点，中国央行、中国人民银行和整体宏观经济趋势最近的政策变化也应该有助于Sea。</blockquote></p><p> <b>A Quick Recap</b></p><p><blockquote><b>快速回顾</b></blockquote></p><p> Sea Limited has three main segments; Digital Entertainment (Garena), Financial Services (SeaMoney) and E-commerce (Shopee). This is how they performed in the last quarter.</p><p><blockquote>Sea Limited 有三个主要部门；数字娱乐（Garena）、金融服务（SeaMoney）和电子商务（Shopee）。这就是他们上个季度的表现。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4cd726650027bd5d269b8fe1f0dd0b14\" tg-width=\"1280\" tg-height=\"664\" width=\"100%\" height=\"auto\"><span>Source: Investor Presentation</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：投资者介绍</span></p></blockquote></p><p> As we can see, Digital Entertainment is the only segment bringing in operating income. Meanwhile, eCommerce and Digital Finance are running at a loss. However, the growth rates at this point justify the investment. GMV for Shopee was up 81% YoY, and TPV processed through SeaMoney is up 111% YoY.</p><p><blockquote>正如我们所看到的，数字娱乐是唯一带来经营利润的细分市场。与此同时，电子商务和数字金融正在亏损。然而，目前的增长率证明了投资的合理性。Shopee 的 GMV 同比增长 81%，通过 SeaMoney 处理的 TPV 同比增长 111%。</blockquote></p><p> Despite strong growth across the board, Sea Limited has come down significantly in the last few weeks, providing us with a perfect opportunity to buy a stock with an incredibly appealing fundamental growth story.</p><p><blockquote>尽管全面增长强劲，但 Sea Limited 在过去几周大幅下跌，为我们提供了一个绝佳的机会来购买一只具有令人难以置信的吸引力的基本面增长故事的股票。</blockquote></p><p> <b>Growth And Profitability Prospects</b></p><p><blockquote><b>增长及盈利前景</b></blockquote></p><p> Firstly, let's talk about Sea's main geographical market; Southeast Asia. SEA economies are experiencing not just a fast level of growth, but also digitalization, which bodes incredibly well for SE.</p><p><blockquote>首先，我们来谈谈Sea的主要地理市场；东南亚。海洋经济不仅正在经历快速增长，而且正在经历数字化，这对东南亚来说是一个非常好的兆头。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/626a6dc7b34175282aeba7740413ede1\" tg-width=\"1280\" tg-height=\"521\" width=\"100%\" height=\"auto\"><span>Source: SEA Economy Report</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：海洋经济报告</span></p></blockquote></p><p> By 2025, the Internet economy is poised to reach over $300 billion in GMV. Indonesia, Vietnam and Thailand will be amongst the fastest growing Internet economies, and these are all areas where the company has a strong presence. On top of that, Sea is also expanding into Latin America, where it has challenged and surpassed MercadoLibre (MELI) in some&nbsp;countries like Brazil.</p><p><blockquote>到2025年，互联网经济的GMV有望超过3000亿美元。印度尼西亚、越南和泰国将成为增长最快的互联网经济体，这些都是该公司拥有强大影响力的地区。最重要的是，Sea 还在向拉丁美洲扩张，在巴西等一些国家挑战并超越了 MercadoLibre (MELI)。</blockquote></p><p> Shopee and SeaMoney will grow hand in hand. As Shopee grows, more merchants and consumers will be pulled into the SeaMoney ecosystem, which not only allows digital payments but also helps merchants and consumers get financing. Of course, at the moment the company is focusing on expansion, but we know full well that both eCommerce and Digital Finance can be lucrative segments.</p><p><blockquote>Shopee和SeaMoney将携手成长。随着Shopee的发展，更多的商家和消费者将被拉入SeaMoney生态系统，该生态系统不仅允许数字支付，还可以帮助商家和消费者获得融资。当然，目前该公司正专注于扩张，但我们非常清楚电子商务和数字金融都可能是利润丰厚的领域。</blockquote></p><p> Garena, which is responsible for creating Free Fire, is on another path. User growth is slowing down, this is true, but there is still plenty of room for monetization. The company has made moves in the right direction here by releasing Free Fire MAX, a premium version of the game. In a recent article on Seeking Alpha,JR Research pointed out&nbsp;that Garena continues to increase the proportion of paying users to active users, which are also growing, albeit at a slower rate.</p><p><blockquote>负责创造Free Fire的Garena正在走另一条道路。用户增长放缓，这是事实，但变现空间依然很大。该公司在这方面朝着正确的方向迈出了一步，发布了该游戏的高级版本Free Fire MAX。JR Research 在最近一篇关于 Seeking Alpha 的文章中指出，Garena 继续提高付费用户与活跃用户的比例，这些用户也在增长，尽管速度较慢。</blockquote></p><p> <b>Comparative Valuation</b></p><p><blockquote><b>比较估值</b></blockquote></p><p> With all that said, I do feel like sometimes Sea Limited gets judged unfairly, precisely because it has such a successful and profitable segment thanks to Free Fire. Investors often look at Sea's earnings and complain that they aren't growing fast enough, but this is not the company's objective. If Shopee or SeaMoney traded separately as \"exciting and fast-growing start-ups\" investors would be much less harsh with the valuation.</p><p><blockquote>综上所述，我确实觉得有时 Sea Limited 会受到不公平的评判，正是因为 Free Fire 拥有如此成功且盈利的细分市场。投资者经常查看 Sea 的盈利并抱怨其增长速度不够快，但这不是该公司的目标。如果 Shopee 或 SeaMoney 作为“令人兴奋且快速增长的初创企业”单独交易，投资者对估值的要求就不会那么苛刻了。</blockquote></p><p> Sea Limited is a growth company in a growth economy, and it should be judged on its growth and revenue, not on its earnings:</p><p><blockquote>Sea Limited 是一家成长型经济体中的成长型公司，应该根据其增长和收入来判断，而不是根据其盈利来判断：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/dabf7759dd81e88d0603fc2f17137235\" tg-width=\"905\" tg-height=\"313\" width=\"100%\" height=\"auto\"><span>Data Source: Seeking Alpha</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来源：Seeking Alpha</span></p></blockquote></p><p></p><p> Above we can see valuation ratios for Sea and what I consider to be some similar companies, though I am sure this will be a contentious point. Meli competes head-on with Sea in the eCommerce and fulfilment space. Roblox (RBLX) is an up and coming game/platform, and it is comparable to Free Fire. Shopify Inc.(NYSE:SHOP)has some unique characteristics, but it is also similar in many ways to Sea. It offers an eCommerce platform and helps merchants sell their products, and Shopify Pay is comparable to SeaMoney. Also, all of these companies are high growth companies through Sea is the best in this regard.</p><p><blockquote>上面我们可以看到 Sea 的估值比率以及我认为的一些类似公司，尽管我确信这将是一个有争议的点。Meli在电子商务和履行领域与Sea正面竞争。Roblox（RBLX）是一款冉冉升起的游戏/平台，堪比Free Fire。Shopify Inc.（纽约证券交易所股票代码：SHOP）具有一些独特的特征，但它在许多方面也与 Sea 相似。它提供了一个电子商务平台，帮助商家销售他们的产品，Shopify Pay与SeaMoney相当。此外，所有这些公司都是高成长性公司，Sea在这方面是最好的。</blockquote></p><p> In terms of P/S and EV/Sales though, Sea is cheaper than the rest of these companies, except for Meli. Also, I like the fact that Sea has a Price/Book in line with that of Shopify. Arguably these other companies could be said to be overvalued, but the idea here is to compare these companies amongst each other.</p><p><blockquote>不过，就市盈率和电动汽车销售额而言，Sea 比其他公司都便宜，除了 Meli。此外，我喜欢Sea的价格/账单与Shopify一致。可以说，这些其他公司可以说被高估了，但这里的想法是将这些公司相互比较。</blockquote></p><p> Ultimately, Sea is growing incredibly fast, and though it isn't \"profitable\", we know that it's building a business model that will be. A P/S of 14 seems attractive given all of this and the ratio is below the more recent average of around 20.</p><p><blockquote>最终，Sea 的增长速度令人难以置信，尽管它并不“盈利”，但我们知道它正在建立一种将会盈利的商业模式。考虑到所有这些，14 的市盈率似乎很有吸引力，而且该比率低于最近 20 左右的平均水平。</blockquote></p><p> <b>Other Considerations</b></p><p><blockquote><b>其他考虑因素</b></blockquote></p><p> Some investors might think that, with the Federal Reserve tightening monetary policy, this is not a good time. The first issue here would be; how long can the Fed tighten? We've seen this play out before in 2018, and we know how it ends. More importantly though, while the Fed tightens, the PBOC is loosening monetary policy, as we saw the&nbsp;key benchmark lending rate cut last week.</p><p><blockquote>一些投资者可能认为，随着美联储收紧货币政策，现在不是一个好时机。这里的第一个问题是：美联储能收紧多久？我们在2018年之前就看过这场比赛，我们知道它会如何结束。但更重要的是，在美联储收紧的同时，中国人民银行正在放松货币政策，正如我们上周看到的关键基准贷款利率下调。</blockquote></p><p> What does this mean for Sea? The effects are unclear. Easy credit in the area will help the company and its customers, but what about exchange rates? Some of these countries try to keep pegs to major currencies, so this might not change. This would suggest that South Eastern economies might have to follow the Fed in tightening monetary policy to defend this exchange rate.</p><p><blockquote>这对大海意味着什么？效果尚不清楚。该地区的宽松信贷将有助于公司及其客户，但汇率呢？其中一些国家试图保持与主要货币的挂钩，因此这种情况可能不会改变。这表明东南部经济体可能不得不跟随美联储收紧货币政策，以捍卫这一汇率。</blockquote></p><p> And lastly, what if COVID returns in full force? Again, the effects would be unclear. In many ways, Sea's business could be improved by this, even if the economy suffers overall.</p><p><blockquote>最后，如果COVID全面回归怎么办？同样，影响也不清楚。在许多方面，即使整体经济受到影响，Sea 的业务也可以因此得到改善。</blockquote></p><p> <b>Takeaway</b></p><p><blockquote><b>外卖</b></blockquote></p><p> Nothing much has changed for Sea Limited in recent months, except for its share price, and I'd be remiss if I didn't point out this buying opportunity. The company is expanding in all areas, and even increasing its profitability, though that is less important. I'm excited to see what 2022 holds for this stock.</p><p><blockquote>近几个月来，Sea Limited 除了股价之外没有太大变化，如果我不指出这个买入机会，那就是我的失职。该公司正在所有领域扩张，甚至提高盈利能力，尽管这并不那么重要。我很高兴看到这只股票 2022 年的走势。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4476595-sea-limited-an-early-christmas-gift\">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":{"SE":"Sea Ltd"},"source_url":"https://seekingalpha.com/article/4476595-sea-limited-an-early-christmas-gift","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1107827800","content_text":"Summary\n\nSea Limited is a growing company in a growing economy.\nAt this stage, the company should be judged on its growth, not earnings.\nThe recent fall in price makes the stock look attractive when compared to similar growth stories.\n\nFreshSplash/E+ via Getty Images\nThesis Summary\nSea Limited (SE) is one of those companies that divide the room. The stock was one of the best performing of 2020/2021 but has now fallen over 30% from its all-time high following a general sell-off which has been most felt in growth stocks.\nHowever, Sea's fundamental growth story remains strong, and the fact that it is running at a loss should not bother investors at this point. If we look at each segment individually, there's a lot to like, and an argument could be made for a much higher price than today. On a final note, Sea should also be aided by the recent policy change coming from China's Central bank, the PBOC, and overall macroeconomic trends.\nA Quick Recap\nSea Limited has three main segments; Digital Entertainment (Garena), Financial Services (SeaMoney) and E-commerce (Shopee). This is how they performed in the last quarter.\nSource: Investor Presentation\nAs we can see, Digital Entertainment is the only segment bringing in operating income. Meanwhile, eCommerce and Digital Finance are running at a loss. However, the growth rates at this point justify the investment. GMV for Shopee was up 81% YoY, and TPV processed through SeaMoney is up 111% YoY.\nDespite strong growth across the board, Sea Limited has come down significantly in the last few weeks, providing us with a perfect opportunity to buy a stock with an incredibly appealing fundamental growth story.\nGrowth And Profitability Prospects\nFirstly, let's talk about Sea's main geographical market; Southeast Asia. SEA economies are experiencing not just a fast level of growth, but also digitalization, which bodes incredibly well for SE.\nSource: SEA Economy Report\nBy 2025, the Internet economy is poised to reach over $300 billion in GMV. Indonesia, Vietnam and Thailand will be amongst the fastest growing Internet economies, and these are all areas where the company has a strong presence. On top of that, Sea is also expanding into Latin America, where it has challenged and surpassed MercadoLibre (MELI) in some countries like Brazil.\nShopee and SeaMoney will grow hand in hand. As Shopee grows, more merchants and consumers will be pulled into the SeaMoney ecosystem, which not only allows digital payments but also helps merchants and consumers get financing. Of course, at the moment the company is focusing on expansion, but we know full well that both eCommerce and Digital Finance can be lucrative segments.\nGarena, which is responsible for creating Free Fire, is on another path. User growth is slowing down, this is true, but there is still plenty of room for monetization. The company has made moves in the right direction here by releasing Free Fire MAX, a premium version of the game. In a recent article on Seeking Alpha,JR Research pointed out that Garena continues to increase the proportion of paying users to active users, which are also growing, albeit at a slower rate.\nComparative Valuation\nWith all that said, I do feel like sometimes Sea Limited gets judged unfairly, precisely because it has such a successful and profitable segment thanks to Free Fire. Investors often look at Sea's earnings and complain that they aren't growing fast enough, but this is not the company's objective. If Shopee or SeaMoney traded separately as \"exciting and fast-growing start-ups\" investors would be much less harsh with the valuation.\nSea Limited is a growth company in a growth economy, and it should be judged on its growth and revenue, not on its earnings:\nData Source: Seeking Alpha\nAbove we can see valuation ratios for Sea and what I consider to be some similar companies, though I am sure this will be a contentious point. Meli competes head-on with Sea in the eCommerce and fulfilment space. Roblox (RBLX) is an up and coming game/platform, and it is comparable to Free Fire. Shopify Inc.(NYSE:SHOP)has some unique characteristics, but it is also similar in many ways to Sea. It offers an eCommerce platform and helps merchants sell their products, and Shopify Pay is comparable to SeaMoney. Also, all of these companies are high growth companies through Sea is the best in this regard.\nIn terms of P/S and EV/Sales though, Sea is cheaper than the rest of these companies, except for Meli. Also, I like the fact that Sea has a Price/Book in line with that of Shopify. Arguably these other companies could be said to be overvalued, but the idea here is to compare these companies amongst each other.\nUltimately, Sea is growing incredibly fast, and though it isn't \"profitable\", we know that it's building a business model that will be. A P/S of 14 seems attractive given all of this and the ratio is below the more recent average of around 20.\nOther Considerations\nSome investors might think that, with the Federal Reserve tightening monetary policy, this is not a good time. The first issue here would be; how long can the Fed tighten? We've seen this play out before in 2018, and we know how it ends. More importantly though, while the Fed tightens, the PBOC is loosening monetary policy, as we saw the key benchmark lending rate cut last week.\nWhat does this mean for Sea? The effects are unclear. Easy credit in the area will help the company and its customers, but what about exchange rates? Some of these countries try to keep pegs to major currencies, so this might not change. This would suggest that South Eastern economies might have to follow the Fed in tightening monetary policy to defend this exchange rate.\nAnd lastly, what if COVID returns in full force? Again, the effects would be unclear. In many ways, Sea's business could be improved by this, even if the economy suffers overall.\nTakeaway\nNothing much has changed for Sea Limited in recent months, except for its share price, and I'd be remiss if I didn't point out this buying opportunity. The company is expanding in all areas, and even increasing its profitability, though that is less important. I'm excited to see what 2022 holds for this stock.","news_type":1,"symbols_score_info":{"SE":0.9}},"isVote":1,"tweetType":1,"viewCount":4382,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":698983247,"gmtCreate":1640275341809,"gmtModify":1640275637974,"author":{"id":"3579922554249988","authorId":"3579922554249988","name":"Portfolio50","avatar":"https://static.tigerbbs.com/3e41399b7d47310e4bf55e2a5917c9da","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579922554249988","authorIdStr":"3579922554249988"},"themes":[],"title":"","htmlText":"Loss making for so many years, yet the CEO is paid top salary.&nbsp;","listText":"Loss making for so many years, yet the CEO is paid top salary.&nbsp;","text":"Loss making for so many years, yet the CEO is paid top salary.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/698983247","repostId":"2193146721","repostType":4,"isVote":1,"tweetType":1,"viewCount":3858,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":693125320,"gmtCreate":1639989923756,"gmtModify":1639989923930,"author":{"id":"3579922554249988","authorId":"3579922554249988","name":"Portfolio50","avatar":"https://static.tigerbbs.com/3e41399b7d47310e4bf55e2a5917c9da","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579922554249988","authorIdStr":"3579922554249988"},"themes":[],"title":"","htmlText":"The bigger it grows, the more money it losses. Such&nbsp;companies will see further correction. So wait for it first.&nbsp;","listText":"The bigger it grows, the more money it losses. Such&nbsp;companies will see further correction. So wait for it first.&nbsp;","text":"The bigger it grows, the more money it losses. Such companies will see further correction. So wait for it first.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/693125320","repostId":"1109541249","repostType":4,"repost":{"id":"1109541249","kind":"news","pubTimestamp":1639972523,"share":"https://www.laohunote.com/m/news/1109541249?lang=zh_CN&edition=full","pubTime":"2021-12-20 11:55","market":"us","language":"en","title":"Sea Stock: Down 43% From Its High, is a Buy Now?<blockquote>Sea股票：较高点下跌43%，现在买入吗？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1109541249","media":"Seeking Alpha","summary":"Summary\n\nSea Limited stock has been battered recently as growth stocks sold off massively in the mar","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Sea Limited stock has been battered recently as growth stocks sold off massively in the market.</li>  <li>However, we believe that the fundamental thesis on its rapid growth remains robust.</li>  <li>We discuss why investors should capitalize on its recent significant correction to add exposure.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/aa5cbe0a30acc723a2c6f62300024002\" tg-width=\"1536\" tg-height=\"1024\" referrerpolicy=\"no-referrer\"><span>kokkai/iStock Unreleased via Getty Images</span></p><p><blockquote><ul><li>由于市场成长型股票大幅抛售，Sea Limited 的股票最近遭受重创。</li><li>然而，我们认为其快速增长的基本论点仍然稳固。</li><li>我们讨论为什么投资者应该利用最近的重大调整来增加风险敞口。</li></ul><p class=\"t-img-caption\"><span>kokkai/iStock 未通过 Getty Images 发布</span></p></blockquote></p><p> <b>Investment Thesis</b></p><p><blockquote><b>投资论文</b></blockquote></p><p> Sea Limited(NYSE:SE)&nbsp;stock is one of our highest conviction growth stocks that has been severely battered over the last month. Since its recent all-time high (ATH) in October, its price has dropped by a dramatic 43%. Many reasons have been presented on why the stock has fallen. We exhort investors not to read too much into them. We believe nothing material has changed from its fundamental thesis. The stock has had a remarkable run in 2021 relative to its gaming peers or e-tailer peers. Therefore, profit-taking of this extent should not be surprising as fear struck growth stocks.</p><p><blockquote>Sea Limited（纽约证券交易所股票代码：SE）股票是我们最相信的成长型股票之一，在上个月遭受了严重打击。自 10 月份创下历史新高 (ATH) 以来，其价格已大幅下跌 43%。关于该股下跌的原因有很多。我们建议投资者不要过多地解读它们。我们认为它的基本论点没有任何实质性的改变。相对于游戏同行或电子零售商同行，该股在 2021 年表现出色。因此，当恐惧袭击成长型股票时，这种程度的获利了结并不奇怪。</blockquote></p><p> Moreover, the recent significant correction in growth stocks across the market has also hit SE stock hard. But, we are not concerned. Significant volatility will always be a factor influencing the performance of growth stocks like SE in the short term.</p><p><blockquote>此外，近期全市场成长股的大幅回调也对SE股造成了沉重打击。但是，我们并不担心。短期内，显著的波动性始终是影响SE等成长股表现的一个因素。</blockquote></p><p> Notably, we observed that the consensus target price on SE stock had been revised upwards since its FQ3 report card. Moreover, the gap between its price target and its current stock price has been greater than its last significant correction in April/May.</p><p><blockquote>值得注意的是，我们观察到，自第三季度报告以来，SE 股票的一致目标价已被上调。此外，其目标价与其当前股价之间的差距已经大于其上一次在4月/5月的大幅调整。</blockquote></p><p> Our internal DCF valuation model also points to a stock that is now significantly undervalued. Thanks to the market's myopia, we have been presented with another fantastic opportunity since April/May to add SE stock with great fervor again.</p><p><blockquote>我们的内部 DCF 估值模型还指出了一只目前被严重低估的股票。由于市场的短视，自4月/5月以来，我们又迎来了一个绝佳的机会，再次以极大的热情增持SE股票。</blockquote></p><p> We discuss why we think investors should not miss this incredible opportunity to add exposure to an outstanding growth stock.</p><p><blockquote>我们讨论为什么我们认为投资者不应该错过这个难以置信的机会来增加对优秀成长型股票的投资。</blockquote></p><p> <b>SE Stock YTD Performance</b></p><p><blockquote><b>SE 股票年初至今表现</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6c191d1f0f6a10e392845cdbda1264aa\" tg-width=\"640\" tg-height=\"331\" referrerpolicy=\"no-referrer\"><span>SE stock YTD performance (as of 17 December'21).</span></p><p><blockquote><p class=\"t-img-caption\"><span>SE股票年初至今表现（截至21年12月17日）。</span></p></blockquote></p><p> As a result of the significant correction recently, SE stock's YTD return has dropped to 6.9%, thus underperforming the market. Notably, its YTD gain was as high as 80% in October/early November. Despite that, the stock is still outperforming its e-tailer and gaming peers, as shown above.</p><p><blockquote>由于最近的大幅调整，SE股票的年初至今回报率已降至6.9%，因此跑输大盘。值得注意的是，其年初至今的涨幅在10月/11月初高达80%。尽管如此，如上图所示，该股的表现仍然优于电子零售商和游戏同行。</blockquote></p><p> <b>Sea Stock Estimates Have Consistently Been Revised Upwards</b></p><p><blockquote><b>Sea 股票预测一直被上调</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8555128e2a30e924dd6c2dd162a27eea\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><span>Sea Limited revised revenue mean consensus estimates. Data source: S&amp;P Capital IQ, Seeking Alpha</span></p><p><blockquote><p class=\"t-img-caption\"><span>Sea Limited 修订后的收入平均共识估计。数据来源：标普资本智商、Seeking Alpha</span></p></blockquote></p><p> Readers can quickly observe that the company's revenue consensus estimates for FY21-23 have consistently been revised upwards over the last five months. These revisions lend credence to the robust growth prospects of the company over the next two years. Notably, Sea Limited's revenue is estimated to increase at a phenomenal CAGR of 42.8% through FY23.</p><p><blockquote>读者可以很快观察到，该公司对 21-23 财年的收入共识预期在过去五个月中一直被上调。这些修订为公司未来两年强劲的增长前景提供了可信度。值得注意的是，Sea Limited 的收入预计将通过2023财年以 42.8% 的惊人复合年增长率增长。</blockquote></p><p> There were concerns over the growth rates of its Garena gaming arm in its FQ3 report card.We also explained in our previous article&nbsp;that Sea Limited has clearly explained that investors should expect normalization in Garena's growth after two spectacular years. However, its monetization capability continues to dazzle. Therefore, we are confident that Garena can continue its robust monetization strategies moving forward.</p><p><blockquote>第三季度成绩单中对 Garena 游戏部门的增长率表示担忧。我们还在之前的文章中解释说，Sea Limited 已明确解释说，投资者应该期待 Garena 在经历了辉煌的两年后增长恢复正常。然而，其变现能力继续令人眼花缭乱。因此，我们相信 Garena 能够继续其稳健的货币化战略。</blockquote></p><p> Moreover, data from Sensor Tower's recent gaming statistics continue to point to sturdy performance from its Free Fire game. It continues to be ranked among the&nbsp;top ten mobile games in terms of overall gaming revenue&nbsp;in November. Moreover, it's also ranked#2 in overall downloadsacross both the App Store and Google Play. Notably, it's also among&nbsp;eight games globally whose annual revenue crossed $1B&nbsp;as of 14 December. Therefore, we think the sentiments and chatter about Free Fire's \"one-shot wonder\" have been overblown.</p><p><blockquote>此外，Sensor Tower最近的游戏统计数据继续表明其Free Fire游戏的强劲表现。就11月游戏整体收入而言，它继续位居移动游戏前十。此外，它在App Store和Google Play的总下载量中也排名第二。值得注意的是，截至12月14日，它也是全球八款年收入超过10亿美元的游戏之一。因此，我们认为关于Free Fire“一次性奇迹”的情绪和喋喋不休被夸大了。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/51247ba1efd7fa6d333b482446e94c9a\" tg-width=\"515\" tg-height=\"380\" referrerpolicy=\"no-referrer\"><span>Global games market forecast. Source: Google, Newzoo</span></p><p><blockquote><p class=\"t-img-caption\"><span>全球游戏市场预测。资料来源：谷歌、Newzoo</span></p></blockquote></p><p></p><p> In addition, the global gaming market is estimated to experience a slight decline to $175.8B after last year's massive 23% growth to $177.8B. However, given Garena's impressive growth in FY21 despite the decline in the global market, we believe it validates its business model and prospects. Notably, the gaming market is expected to reverse its decline moving forward. Therefore, Garena's leadership in mobile gaming could continue to propel its growth underpinned by the recovery in the global gaming market.</p><p><blockquote>此外，全球博彩市场在去年大幅增长 23% 至 177.8B 美元后，预计将略有下降至 175.8B 美元。然而，鉴于尽管全球市场下滑，Garena 在 2021 财年仍实现了令人印象深刻的增长，我们相信这验证了其商业模式和前景。值得注意的是，博彩市场有望在未来扭转颓势。因此，在全球游戏市场复苏的推动下，Garena 在移动游戏领域的领导地位可能会继续推动其增长。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0a0612da9a19f7b7198d43213b4f4470\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><span>Shopee adjusted EBITDA per order. Data source: Company filings</span></p><p><blockquote><p class=\"t-img-caption\"><span>Shopee 调整了每个订单的 EBITDA。数据来源：公司文件</span></p></blockquote></p><p> But, some investors may have been spooked by Shopee's (Sea Limited's e-commerce arm) continued expansion into new geographical markets. Notably, Shopee continues to report adjusted EBITDA loss per order, as shown above. Therefore, some investors might have been concerned about whether the company's plate is getting too much to handle. Over the last three months, the company has entered into new markets such as India, France, Spain, and Poland. They are in addition to its battle with MercadoLibre (MELI) in Latin America, particularly Brazil. As a result, there are concerns on whether Sea Limited could continue its adroit execution in these markets while still making losses. We believe such concerns are valid. However, Sea Limited has shown its tremendous capability in penetrating the most important markets where the incumbents have strong leadership. It includes Lazada (BABA) in Southeast Asia, MercadoLibre in Brazil, and Tokopedia in Indonesia. Shopee was never the first-mover. But, it took advantage as the \"late-comer\" as it sought to compete with the incumbents. It's important to note that Sea Limited is not averse to competition. It has thrived against the incumbents and has made the e-commerce space in these geographical regions much more competitive.</p><p><blockquote>但是，一些投资者可能对 Shopee（Sea Limited 的电子商务部门）向新地理市场的持续扩张感到害怕。值得注意的是，Shopee 继续报告每个订单的调整后 EBITDA 损失，如上所示。因此，一些投资者可能担心该公司的盘子是否有太多难以处理。在过去的三个月里，该公司进入了印度、法国、西班牙和波兰等新市场。此外，它还在拉丁美洲，特别是巴西与自由市场（MELI）的斗争。因此，人们担心 Sea Limited 能否在这些市场继续其娴熟的执行，同时仍在亏损。我们认为这种担忧是合理的。然而，Sea Limited 在渗透现有企业拥有强大领导地位的最重要市场方面表现出了巨大的能力。它包括东南亚的Lazada（BABA）、巴西的MercadoLibre和印度尼西亚的Tokopedia。Shopee从来都不是先行者。但是，它利用了“后来者”的优势，试图与现任者竞争。值得注意的是，Sea Limited并不反对竞争。它与现有企业相比蓬勃发展，并使这些地理区域的电子商务领域更具竞争力。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/80938433e2d55307ca40000eeea2a26f\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><span>Sea Limited revised adjusted EPS mean consensus estimates. Data source: S&amp;P Capital IQ, Seeking Alpha</span></p><p><blockquote><p class=\"t-img-caption\"><span>Sea Limited 修订调整后每股收益平均共识估计。数据来源：标普资本智商、Seeking Alpha</span></p></blockquote></p><p> Nevertheless, the road towards profitability might be stretched further due to its e-commerce expansion. Readers can quickly glance over the chart above, where its adjusted EPS estimates have been revised downwards through FY23 over the last five months. However, we believe that if you are a long-term investor with a five-year horizon at least, it's not a cause for concern. Earlier investors in Sea Limited can keenly recall the company's massive adjusted EBITDA per order losses, as seen in the previous chart. Shopee has scaled tremendously over the last five years and has improved its operating leverage further. But, it's important to note that it takes time to scale up. Therefore, earlier losses in new geographical markets are expected. But, management has demonstrated its execution capability over the last three years. Considering its much reduced adjusted EBITDA losses over the previous few years, we believe that Shopee is even better positioned than before to navigate its expansion.</p><p><blockquote>然而，由于其电子商务的扩张，盈利之路可能会进一步延长。读者可以快速浏览上图，其中2023财年在过去五个月中对其调整后的每股收益预期进行了下调。然而，我们认为，如果您是至少有五年期限的长期投资者，则无需担心。Sea Limited 的早期投资者可以清楚地回忆起该公司每笔订单的巨额调整后 EBITDA 损失，如上图表所示。Shopee 在过去五年中规模巨大，并进一步提高了运营杠杆。但是，重要的是要注意，扩大规模需要时间。因此，预计新地理市场的早期亏损。但是，管理层在过去三年中已经展示了其执行能力。考虑到过去几年调整后 EBITDA 亏损大幅减少，我们相信 Shopee 比以前更有能力进行扩张。</blockquote></p><p> <b>So, is SE Stock a Buy Now?</b></p><p><blockquote><b>那么，SE 股票现在值得买入吗？</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3dbc835e49ded8a7a0e5f4fcc9e10649\" tg-width=\"640\" tg-height=\"384\" referrerpolicy=\"no-referrer\"><span>SE stock EV/NTM Revenue 4Y mean.</span></p><p><blockquote><p class=\"t-img-caption\"><span>SE股票EV/NTM收入4年平均值。</span></p></blockquote></p><p> SE stock is trading at an EV/NTM Revenue of 8.3x. Therefore, it has brought it back to its 4Y NTM revenue multiple mean of 8.6x. We believe there's a fantastic opportunity right now as the market has undoubtedly overreacted. As demonstrated clearly, SE is still expected to generate massive revenue growth moving ahead, even though it means the road to profitability gets further extended.</p><p><blockquote>SE 股票的 EV/NTM 收入为 8.3 倍。因此，它已将其恢复到 4 年 NTM 收入倍数平均值 8.6 倍。我们相信现在有一个绝佳的机会，因为市场无疑已经反应过度。正如清楚地表明的那样，SE 仍有望在未来实现巨大的收入增长，尽管这意味着盈利之路将进一步延长。</blockquote></p><p> Considering its FY23 revenue estimate, SE stock is trading at just 5.8x FY23 revenue. No one can accurately predict where the stock will be headed over the next few months. But, we think it represents a tremendous opportunity right now.</p><p><blockquote>考虑到其2023财年收入预期，SE 股票的交易价格仅为2023财年收入的 5.8 倍。没有人能够准确预测该股未来几个月的走势。但是，我们认为现在这是一个巨大的机会。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3bea18a0bdfd970ea640308dc35e099c\" tg-width=\"635\" tg-height=\"362\" referrerpolicy=\"no-referrer\"><span>SE stock price target Vs. actual price trend. Source: Seeking Alpha</span></p><p><blockquote><p class=\"t-img-caption\"><span>SE 股价目标与实际价格趋势。来源：Seeking Alpha</span></p></blockquote></p><p></p><p> Moreover, readers can observe that the valuation gap between SE stock's consensus price target (PT) of $405.87 and its current price has never been more significant in a while. It's even more pronounced than its last significant correction in April/May. Notably, the consensus price target has been revised upwards despite the so-called \"gaming headwinds.\" And, if you look at the price chart, SE stock price has followed the revised PT trend very consistently over time. Therefore, the current price could be one of the most significant discounts you could observe in a long time.</p><p><blockquote>此外，读者可以观察到，SE 股票的共识目标价 (PT) 405.87 美元与其当前价格之间的估值差距一段时间以来从未如此显着。这比4月/5月的上一次大幅调整更加明显。值得注意的是，尽管存在所谓的“博彩逆风”，但共识目标价格已被上调。而且，如果你看一下价格图表，随着时间的推移，SE 股价一直非常一致地遵循修订后的 PT 趋势。因此，当前价格可能是您在很长一段时间内观察到的最大折扣之一。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/939a544ab94c9e2a2b8a6db943703b39\" tg-width=\"910\" tg-height=\"602\" referrerpolicy=\"no-referrer\"><span>SE stock DCF valuation model. Data source: S&amp;P Capital IQ, company filings, author</span></p><p><blockquote><p class=\"t-img-caption\"><span>SE股票DCF估值模型。数据来源：S&amp;P Capital IQ、公司文件、作者</span></p></blockquote></p><p> Our DCF model also shows that SE stock is now significantly undervalued with an implied fair value of $371.46. We have also used reasonable estimates in our model. Moreover, we believe that SE will continue to gain significant operating leverage as it scales in the new markets. We estimate that its adjusted EBITDA margins could reach 15% by FY25.</p><p><blockquote>我们的 DCF 模型还显示，SE 股票目前被严重低估，隐含公允价值为 371.46 美元。我们在模型中也使用了合理的估计。此外，我们相信，随着SE在新市场的扩大规模，SE将继续获得显著的运营杠杆。我们预计，到 2025 财年，其调整后 EBITDA 利润率可能达到 15%。</blockquote></p><p> Lastly, the stock is also testing a critical support level that has strongly underpinned the stock's advance since early 2021. Therefore, there are sufficient reasons to believe that the current entry point to add exposure to SE stock seems very attractive now.</p><p><blockquote>最后，该股还在测试一个关键支撑位，该支撑位自 2021 年初以来一直有力地支撑着该股的上涨。因此，有足够的理由相信，目前增加SE股票敞口的切入点现在看来非常有吸引力。</blockquote></p><p> Consequently,<i>we revise our rating on SE stock to Strong Buy</i>.</p><p><blockquote>因此，<i>我们将 SE 股票评级修改为强力买入</i>.</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>Sea Stock: Down 43% From Its High, is a Buy Now?<blockquote>Sea股票：较高点下跌43%，现在买入吗？</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSea Stock: Down 43% From Its High, is a Buy Now?<blockquote>Sea股票：较高点下跌43%，现在买入吗？</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\">2021-12-20 11:55</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>Sea Limited stock has been battered recently as growth stocks sold off massively in the market.</li>  <li>However, we believe that the fundamental thesis on its rapid growth remains robust.</li>  <li>We discuss why investors should capitalize on its recent significant correction to add exposure.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/aa5cbe0a30acc723a2c6f62300024002\" tg-width=\"1536\" tg-height=\"1024\" referrerpolicy=\"no-referrer\"><span>kokkai/iStock Unreleased via Getty Images</span></p><p><blockquote><ul><li>由于市场成长型股票大幅抛售，Sea Limited 的股票最近遭受重创。</li><li>然而，我们认为其快速增长的基本论点仍然稳固。</li><li>我们讨论为什么投资者应该利用最近的重大调整来增加风险敞口。</li></ul><p class=\"t-img-caption\"><span>kokkai/iStock 未通过 Getty Images 发布</span></p></blockquote></p><p> <b>Investment Thesis</b></p><p><blockquote><b>投资论文</b></blockquote></p><p> Sea Limited(NYSE:SE)&nbsp;stock is one of our highest conviction growth stocks that has been severely battered over the last month. Since its recent all-time high (ATH) in October, its price has dropped by a dramatic 43%. Many reasons have been presented on why the stock has fallen. We exhort investors not to read too much into them. We believe nothing material has changed from its fundamental thesis. The stock has had a remarkable run in 2021 relative to its gaming peers or e-tailer peers. Therefore, profit-taking of this extent should not be surprising as fear struck growth stocks.</p><p><blockquote>Sea Limited（纽约证券交易所股票代码：SE）股票是我们最相信的成长型股票之一，在上个月遭受了严重打击。自 10 月份创下历史新高 (ATH) 以来，其价格已大幅下跌 43%。关于该股下跌的原因有很多。我们建议投资者不要过多地解读它们。我们认为它的基本论点没有任何实质性的改变。相对于游戏同行或电子零售商同行，该股在 2021 年表现出色。因此，当恐惧袭击成长型股票时，这种程度的获利了结并不奇怪。</blockquote></p><p> Moreover, the recent significant correction in growth stocks across the market has also hit SE stock hard. But, we are not concerned. Significant volatility will always be a factor influencing the performance of growth stocks like SE in the short term.</p><p><blockquote>此外，近期全市场成长股的大幅回调也对SE股造成了沉重打击。但是，我们并不担心。短期内，显著的波动性始终是影响SE等成长股表现的一个因素。</blockquote></p><p> Notably, we observed that the consensus target price on SE stock had been revised upwards since its FQ3 report card. Moreover, the gap between its price target and its current stock price has been greater than its last significant correction in April/May.</p><p><blockquote>值得注意的是，我们观察到，自第三季度报告以来，SE 股票的一致目标价已被上调。此外，其目标价与其当前股价之间的差距已经大于其上一次在4月/5月的大幅调整。</blockquote></p><p> Our internal DCF valuation model also points to a stock that is now significantly undervalued. Thanks to the market's myopia, we have been presented with another fantastic opportunity since April/May to add SE stock with great fervor again.</p><p><blockquote>我们的内部 DCF 估值模型还指出了一只目前被严重低估的股票。由于市场的短视，自4月/5月以来，我们又迎来了一个绝佳的机会，再次以极大的热情增持SE股票。</blockquote></p><p> We discuss why we think investors should not miss this incredible opportunity to add exposure to an outstanding growth stock.</p><p><blockquote>我们讨论为什么我们认为投资者不应该错过这个难以置信的机会来增加对优秀成长型股票的投资。</blockquote></p><p> <b>SE Stock YTD Performance</b></p><p><blockquote><b>SE 股票年初至今表现</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6c191d1f0f6a10e392845cdbda1264aa\" tg-width=\"640\" tg-height=\"331\" referrerpolicy=\"no-referrer\"><span>SE stock YTD performance (as of 17 December'21).</span></p><p><blockquote><p class=\"t-img-caption\"><span>SE股票年初至今表现（截至21年12月17日）。</span></p></blockquote></p><p> As a result of the significant correction recently, SE stock's YTD return has dropped to 6.9%, thus underperforming the market. Notably, its YTD gain was as high as 80% in October/early November. Despite that, the stock is still outperforming its e-tailer and gaming peers, as shown above.</p><p><blockquote>由于最近的大幅调整，SE股票的年初至今回报率已降至6.9%，因此跑输大盘。值得注意的是，其年初至今的涨幅在10月/11月初高达80%。尽管如此，如上图所示，该股的表现仍然优于电子零售商和游戏同行。</blockquote></p><p> <b>Sea Stock Estimates Have Consistently Been Revised Upwards</b></p><p><blockquote><b>Sea 股票预测一直被上调</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8555128e2a30e924dd6c2dd162a27eea\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><span>Sea Limited revised revenue mean consensus estimates. Data source: S&amp;P Capital IQ, Seeking Alpha</span></p><p><blockquote><p class=\"t-img-caption\"><span>Sea Limited 修订后的收入平均共识估计。数据来源：标普资本智商、Seeking Alpha</span></p></blockquote></p><p> Readers can quickly observe that the company's revenue consensus estimates for FY21-23 have consistently been revised upwards over the last five months. These revisions lend credence to the robust growth prospects of the company over the next two years. Notably, Sea Limited's revenue is estimated to increase at a phenomenal CAGR of 42.8% through FY23.</p><p><blockquote>读者可以很快观察到，该公司对 21-23 财年的收入共识预期在过去五个月中一直被上调。这些修订为公司未来两年强劲的增长前景提供了可信度。值得注意的是，Sea Limited 的收入预计将通过2023财年以 42.8% 的惊人复合年增长率增长。</blockquote></p><p> There were concerns over the growth rates of its Garena gaming arm in its FQ3 report card.We also explained in our previous article&nbsp;that Sea Limited has clearly explained that investors should expect normalization in Garena's growth after two spectacular years. However, its monetization capability continues to dazzle. Therefore, we are confident that Garena can continue its robust monetization strategies moving forward.</p><p><blockquote>第三季度成绩单中对 Garena 游戏部门的增长率表示担忧。我们还在之前的文章中解释说，Sea Limited 已明确解释说，投资者应该期待 Garena 在经历了辉煌的两年后增长恢复正常。然而，其变现能力继续令人眼花缭乱。因此，我们相信 Garena 能够继续其稳健的货币化战略。</blockquote></p><p> Moreover, data from Sensor Tower's recent gaming statistics continue to point to sturdy performance from its Free Fire game. It continues to be ranked among the&nbsp;top ten mobile games in terms of overall gaming revenue&nbsp;in November. Moreover, it's also ranked#2 in overall downloadsacross both the App Store and Google Play. Notably, it's also among&nbsp;eight games globally whose annual revenue crossed $1B&nbsp;as of 14 December. Therefore, we think the sentiments and chatter about Free Fire's \"one-shot wonder\" have been overblown.</p><p><blockquote>此外，Sensor Tower最近的游戏统计数据继续表明其Free Fire游戏的强劲表现。就11月游戏整体收入而言，它继续位居移动游戏前十。此外，它在App Store和Google Play的总下载量中也排名第二。值得注意的是，截至12月14日，它也是全球八款年收入超过10亿美元的游戏之一。因此，我们认为关于Free Fire“一次性奇迹”的情绪和喋喋不休被夸大了。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/51247ba1efd7fa6d333b482446e94c9a\" tg-width=\"515\" tg-height=\"380\" referrerpolicy=\"no-referrer\"><span>Global games market forecast. Source: Google, Newzoo</span></p><p><blockquote><p class=\"t-img-caption\"><span>全球游戏市场预测。资料来源：谷歌、Newzoo</span></p></blockquote></p><p></p><p> In addition, the global gaming market is estimated to experience a slight decline to $175.8B after last year's massive 23% growth to $177.8B. However, given Garena's impressive growth in FY21 despite the decline in the global market, we believe it validates its business model and prospects. Notably, the gaming market is expected to reverse its decline moving forward. Therefore, Garena's leadership in mobile gaming could continue to propel its growth underpinned by the recovery in the global gaming market.</p><p><blockquote>此外，全球博彩市场在去年大幅增长 23% 至 177.8B 美元后，预计将略有下降至 175.8B 美元。然而，鉴于尽管全球市场下滑，Garena 在 2021 财年仍实现了令人印象深刻的增长，我们相信这验证了其商业模式和前景。值得注意的是，博彩市场有望在未来扭转颓势。因此，在全球游戏市场复苏的推动下，Garena 在移动游戏领域的领导地位可能会继续推动其增长。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0a0612da9a19f7b7198d43213b4f4470\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><span>Shopee adjusted EBITDA per order. Data source: Company filings</span></p><p><blockquote><p class=\"t-img-caption\"><span>Shopee 调整了每个订单的 EBITDA。数据来源：公司文件</span></p></blockquote></p><p> But, some investors may have been spooked by Shopee's (Sea Limited's e-commerce arm) continued expansion into new geographical markets. Notably, Shopee continues to report adjusted EBITDA loss per order, as shown above. Therefore, some investors might have been concerned about whether the company's plate is getting too much to handle. Over the last three months, the company has entered into new markets such as India, France, Spain, and Poland. They are in addition to its battle with MercadoLibre (MELI) in Latin America, particularly Brazil. As a result, there are concerns on whether Sea Limited could continue its adroit execution in these markets while still making losses. We believe such concerns are valid. However, Sea Limited has shown its tremendous capability in penetrating the most important markets where the incumbents have strong leadership. It includes Lazada (BABA) in Southeast Asia, MercadoLibre in Brazil, and Tokopedia in Indonesia. Shopee was never the first-mover. But, it took advantage as the \"late-comer\" as it sought to compete with the incumbents. It's important to note that Sea Limited is not averse to competition. It has thrived against the incumbents and has made the e-commerce space in these geographical regions much more competitive.</p><p><blockquote>但是，一些投资者可能对 Shopee（Sea Limited 的电子商务部门）向新地理市场的持续扩张感到害怕。值得注意的是，Shopee 继续报告每个订单的调整后 EBITDA 损失，如上所示。因此，一些投资者可能担心该公司的盘子是否有太多难以处理。在过去的三个月里，该公司进入了印度、法国、西班牙和波兰等新市场。此外，它还在拉丁美洲，特别是巴西与自由市场（MELI）的斗争。因此，人们担心 Sea Limited 能否在这些市场继续其娴熟的执行，同时仍在亏损。我们认为这种担忧是合理的。然而，Sea Limited 在渗透现有企业拥有强大领导地位的最重要市场方面表现出了巨大的能力。它包括东南亚的Lazada（BABA）、巴西的MercadoLibre和印度尼西亚的Tokopedia。Shopee从来都不是先行者。但是，它利用了“后来者”的优势，试图与现任者竞争。值得注意的是，Sea Limited并不反对竞争。它与现有企业相比蓬勃发展，并使这些地理区域的电子商务领域更具竞争力。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/80938433e2d55307ca40000eeea2a26f\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><span>Sea Limited revised adjusted EPS mean consensus estimates. Data source: S&amp;P Capital IQ, Seeking Alpha</span></p><p><blockquote><p class=\"t-img-caption\"><span>Sea Limited 修订调整后每股收益平均共识估计。数据来源：标普资本智商、Seeking Alpha</span></p></blockquote></p><p> Nevertheless, the road towards profitability might be stretched further due to its e-commerce expansion. Readers can quickly glance over the chart above, where its adjusted EPS estimates have been revised downwards through FY23 over the last five months. However, we believe that if you are a long-term investor with a five-year horizon at least, it's not a cause for concern. Earlier investors in Sea Limited can keenly recall the company's massive adjusted EBITDA per order losses, as seen in the previous chart. Shopee has scaled tremendously over the last five years and has improved its operating leverage further. But, it's important to note that it takes time to scale up. Therefore, earlier losses in new geographical markets are expected. But, management has demonstrated its execution capability over the last three years. Considering its much reduced adjusted EBITDA losses over the previous few years, we believe that Shopee is even better positioned than before to navigate its expansion.</p><p><blockquote>然而，由于其电子商务的扩张，盈利之路可能会进一步延长。读者可以快速浏览上图，其中2023财年在过去五个月中对其调整后的每股收益预期进行了下调。然而，我们认为，如果您是至少有五年期限的长期投资者，则无需担心。Sea Limited 的早期投资者可以清楚地回忆起该公司每笔订单的巨额调整后 EBITDA 损失，如上图表所示。Shopee 在过去五年中规模巨大，并进一步提高了运营杠杆。但是，重要的是要注意，扩大规模需要时间。因此，预计新地理市场的早期亏损。但是，管理层在过去三年中已经展示了其执行能力。考虑到过去几年调整后 EBITDA 亏损大幅减少，我们相信 Shopee 比以前更有能力进行扩张。</blockquote></p><p> <b>So, is SE Stock a Buy Now?</b></p><p><blockquote><b>那么，SE 股票现在值得买入吗？</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3dbc835e49ded8a7a0e5f4fcc9e10649\" tg-width=\"640\" tg-height=\"384\" referrerpolicy=\"no-referrer\"><span>SE stock EV/NTM Revenue 4Y mean.</span></p><p><blockquote><p class=\"t-img-caption\"><span>SE股票EV/NTM收入4年平均值。</span></p></blockquote></p><p> SE stock is trading at an EV/NTM Revenue of 8.3x. Therefore, it has brought it back to its 4Y NTM revenue multiple mean of 8.6x. We believe there's a fantastic opportunity right now as the market has undoubtedly overreacted. As demonstrated clearly, SE is still expected to generate massive revenue growth moving ahead, even though it means the road to profitability gets further extended.</p><p><blockquote>SE 股票的 EV/NTM 收入为 8.3 倍。因此，它已将其恢复到 4 年 NTM 收入倍数平均值 8.6 倍。我们相信现在有一个绝佳的机会，因为市场无疑已经反应过度。正如清楚地表明的那样，SE 仍有望在未来实现巨大的收入增长，尽管这意味着盈利之路将进一步延长。</blockquote></p><p> Considering its FY23 revenue estimate, SE stock is trading at just 5.8x FY23 revenue. No one can accurately predict where the stock will be headed over the next few months. But, we think it represents a tremendous opportunity right now.</p><p><blockquote>考虑到其2023财年收入预期，SE 股票的交易价格仅为2023财年收入的 5.8 倍。没有人能够准确预测该股未来几个月的走势。但是，我们认为现在这是一个巨大的机会。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3bea18a0bdfd970ea640308dc35e099c\" tg-width=\"635\" tg-height=\"362\" referrerpolicy=\"no-referrer\"><span>SE stock price target Vs. actual price trend. Source: Seeking Alpha</span></p><p><blockquote><p class=\"t-img-caption\"><span>SE 股价目标与实际价格趋势。来源：Seeking Alpha</span></p></blockquote></p><p></p><p> Moreover, readers can observe that the valuation gap between SE stock's consensus price target (PT) of $405.87 and its current price has never been more significant in a while. It's even more pronounced than its last significant correction in April/May. Notably, the consensus price target has been revised upwards despite the so-called \"gaming headwinds.\" And, if you look at the price chart, SE stock price has followed the revised PT trend very consistently over time. Therefore, the current price could be one of the most significant discounts you could observe in a long time.</p><p><blockquote>此外，读者可以观察到，SE 股票的共识目标价 (PT) 405.87 美元与其当前价格之间的估值差距一段时间以来从未如此显着。这比4月/5月的上一次大幅调整更加明显。值得注意的是，尽管存在所谓的“博彩逆风”，但共识目标价格已被上调。而且，如果你看一下价格图表，随着时间的推移，SE 股价一直非常一致地遵循修订后的 PT 趋势。因此，当前价格可能是您在很长一段时间内观察到的最大折扣之一。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/939a544ab94c9e2a2b8a6db943703b39\" tg-width=\"910\" tg-height=\"602\" referrerpolicy=\"no-referrer\"><span>SE stock DCF valuation model. Data source: S&amp;P Capital IQ, company filings, author</span></p><p><blockquote><p class=\"t-img-caption\"><span>SE股票DCF估值模型。数据来源：S&amp;P Capital IQ、公司文件、作者</span></p></blockquote></p><p> Our DCF model also shows that SE stock is now significantly undervalued with an implied fair value of $371.46. We have also used reasonable estimates in our model. Moreover, we believe that SE will continue to gain significant operating leverage as it scales in the new markets. We estimate that its adjusted EBITDA margins could reach 15% by FY25.</p><p><blockquote>我们的 DCF 模型还显示，SE 股票目前被严重低估，隐含公允价值为 371.46 美元。我们在模型中也使用了合理的估计。此外，我们相信，随着SE在新市场的扩大规模，SE将继续获得显著的运营杠杆。我们预计，到 2025 财年，其调整后 EBITDA 利润率可能达到 15%。</blockquote></p><p> Lastly, the stock is also testing a critical support level that has strongly underpinned the stock's advance since early 2021. Therefore, there are sufficient reasons to believe that the current entry point to add exposure to SE stock seems very attractive now.</p><p><blockquote>最后，该股还在测试一个关键支撑位，该支撑位自 2021 年初以来一直有力地支撑着该股的上涨。因此，有足够的理由相信，目前增加SE股票敞口的切入点现在看来非常有吸引力。</blockquote></p><p> Consequently,<i>we revise our rating on SE stock to Strong Buy</i>.</p><p><blockquote>因此，<i>我们将 SE 股票评级修改为强力买入</i>.</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4475931-sea-se-down-significantly-stock-strong-buy\">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":{"SE":"Sea Ltd"},"source_url":"https://seekingalpha.com/article/4475931-sea-se-down-significantly-stock-strong-buy","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1109541249","content_text":"Summary\n\nSea Limited stock has been battered recently as growth stocks sold off massively in the market.\nHowever, we believe that the fundamental thesis on its rapid growth remains robust.\nWe discuss why investors should capitalize on its recent significant correction to add exposure.\n\nkokkai/iStock Unreleased via Getty Images\nInvestment Thesis\nSea Limited(NYSE:SE) stock is one of our highest conviction growth stocks that has been severely battered over the last month. Since its recent all-time high (ATH) in October, its price has dropped by a dramatic 43%. Many reasons have been presented on why the stock has fallen. We exhort investors not to read too much into them. We believe nothing material has changed from its fundamental thesis. The stock has had a remarkable run in 2021 relative to its gaming peers or e-tailer peers. Therefore, profit-taking of this extent should not be surprising as fear struck growth stocks.\nMoreover, the recent significant correction in growth stocks across the market has also hit SE stock hard. But, we are not concerned. Significant volatility will always be a factor influencing the performance of growth stocks like SE in the short term.\nNotably, we observed that the consensus target price on SE stock had been revised upwards since its FQ3 report card. Moreover, the gap between its price target and its current stock price has been greater than its last significant correction in April/May.\nOur internal DCF valuation model also points to a stock that is now significantly undervalued. Thanks to the market's myopia, we have been presented with another fantastic opportunity since April/May to add SE stock with great fervor again.\nWe discuss why we think investors should not miss this incredible opportunity to add exposure to an outstanding growth stock.\nSE Stock YTD Performance\nSE stock YTD performance (as of 17 December'21).\nAs a result of the significant correction recently, SE stock's YTD return has dropped to 6.9%, thus underperforming the market. Notably, its YTD gain was as high as 80% in October/early November. Despite that, the stock is still outperforming its e-tailer and gaming peers, as shown above.\nSea Stock Estimates Have Consistently Been Revised Upwards\nSea Limited revised revenue mean consensus estimates. Data source: S&P Capital IQ, Seeking Alpha\nReaders can quickly observe that the company's revenue consensus estimates for FY21-23 have consistently been revised upwards over the last five months. These revisions lend credence to the robust growth prospects of the company over the next two years. Notably, Sea Limited's revenue is estimated to increase at a phenomenal CAGR of 42.8% through FY23.\nThere were concerns over the growth rates of its Garena gaming arm in its FQ3 report card.We also explained in our previous article that Sea Limited has clearly explained that investors should expect normalization in Garena's growth after two spectacular years. However, its monetization capability continues to dazzle. Therefore, we are confident that Garena can continue its robust monetization strategies moving forward.\nMoreover, data from Sensor Tower's recent gaming statistics continue to point to sturdy performance from its Free Fire game. It continues to be ranked among the top ten mobile games in terms of overall gaming revenue in November. Moreover, it's also ranked#2 in overall downloadsacross both the App Store and Google Play. Notably, it's also among eight games globally whose annual revenue crossed $1B as of 14 December. Therefore, we think the sentiments and chatter about Free Fire's \"one-shot wonder\" have been overblown.\nGlobal games market forecast. Source: Google, Newzoo\nIn addition, the global gaming market is estimated to experience a slight decline to $175.8B after last year's massive 23% growth to $177.8B. However, given Garena's impressive growth in FY21 despite the decline in the global market, we believe it validates its business model and prospects. Notably, the gaming market is expected to reverse its decline moving forward. Therefore, Garena's leadership in mobile gaming could continue to propel its growth underpinned by the recovery in the global gaming market.\nShopee adjusted EBITDA per order. Data source: Company filings\nBut, some investors may have been spooked by Shopee's (Sea Limited's e-commerce arm) continued expansion into new geographical markets. Notably, Shopee continues to report adjusted EBITDA loss per order, as shown above. Therefore, some investors might have been concerned about whether the company's plate is getting too much to handle. Over the last three months, the company has entered into new markets such as India, France, Spain, and Poland. They are in addition to its battle with MercadoLibre (MELI) in Latin America, particularly Brazil. As a result, there are concerns on whether Sea Limited could continue its adroit execution in these markets while still making losses. We believe such concerns are valid. However, Sea Limited has shown its tremendous capability in penetrating the most important markets where the incumbents have strong leadership. It includes Lazada (BABA) in Southeast Asia, MercadoLibre in Brazil, and Tokopedia in Indonesia. Shopee was never the first-mover. But, it took advantage as the \"late-comer\" as it sought to compete with the incumbents. It's important to note that Sea Limited is not averse to competition. It has thrived against the incumbents and has made the e-commerce space in these geographical regions much more competitive.\nSea Limited revised adjusted EPS mean consensus estimates. Data source: S&P Capital IQ, Seeking Alpha\nNevertheless, the road towards profitability might be stretched further due to its e-commerce expansion. Readers can quickly glance over the chart above, where its adjusted EPS estimates have been revised downwards through FY23 over the last five months. However, we believe that if you are a long-term investor with a five-year horizon at least, it's not a cause for concern. Earlier investors in Sea Limited can keenly recall the company's massive adjusted EBITDA per order losses, as seen in the previous chart. Shopee has scaled tremendously over the last five years and has improved its operating leverage further. But, it's important to note that it takes time to scale up. Therefore, earlier losses in new geographical markets are expected. But, management has demonstrated its execution capability over the last three years. Considering its much reduced adjusted EBITDA losses over the previous few years, we believe that Shopee is even better positioned than before to navigate its expansion.\nSo, is SE Stock a Buy Now?\nSE stock EV/NTM Revenue 4Y mean.\nSE stock is trading at an EV/NTM Revenue of 8.3x. Therefore, it has brought it back to its 4Y NTM revenue multiple mean of 8.6x. We believe there's a fantastic opportunity right now as the market has undoubtedly overreacted. As demonstrated clearly, SE is still expected to generate massive revenue growth moving ahead, even though it means the road to profitability gets further extended.\nConsidering its FY23 revenue estimate, SE stock is trading at just 5.8x FY23 revenue. No one can accurately predict where the stock will be headed over the next few months. But, we think it represents a tremendous opportunity right now.\nSE stock price target Vs. actual price trend. Source: Seeking Alpha\nMoreover, readers can observe that the valuation gap between SE stock's consensus price target (PT) of $405.87 and its current price has never been more significant in a while. It's even more pronounced than its last significant correction in April/May. Notably, the consensus price target has been revised upwards despite the so-called \"gaming headwinds.\" And, if you look at the price chart, SE stock price has followed the revised PT trend very consistently over time. Therefore, the current price could be one of the most significant discounts you could observe in a long time.\nSE stock DCF valuation model. Data source: S&P Capital IQ, company filings, author\nOur DCF model also shows that SE stock is now significantly undervalued with an implied fair value of $371.46. We have also used reasonable estimates in our model. Moreover, we believe that SE will continue to gain significant operating leverage as it scales in the new markets. We estimate that its adjusted EBITDA margins could reach 15% by FY25.\nLastly, the stock is also testing a critical support level that has strongly underpinned the stock's advance since early 2021. Therefore, there are sufficient reasons to believe that the current entry point to add exposure to SE stock seems very attractive now.\nConsequently,we revise our rating on SE stock to Strong Buy.","news_type":1,"symbols_score_info":{"SE":0.9}},"isVote":1,"tweetType":1,"viewCount":4825,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":699516667,"gmtCreate":1639837777807,"gmtModify":1639837778010,"author":{"id":"3579922554249988","authorId":"3579922554249988","name":"Portfolio50","avatar":"https://static.tigerbbs.com/3e41399b7d47310e4bf55e2a5917c9da","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579922554249988","authorIdStr":"3579922554249988"},"themes":[],"title":"","htmlText":"With the fund outflows, she needs to sell cash -like positions to fund purchases of high conviction beaten down stocks.&nbsp;","listText":"With the fund outflows, she needs to sell cash -like positions to fund purchases of high conviction beaten down stocks.&nbsp;","text":"With the fund outflows, she needs to sell cash -like positions to fund purchases of high conviction beaten down stocks.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/699516667","repostId":"1141867982","repostType":2,"repost":{"id":"1141867982","kind":"news","pubTimestamp":1639708874,"share":"https://www.laohunote.com/m/news/1141867982?lang=zh_CN&edition=full","pubTime":"2021-12-17 10:41","market":"us","language":"en","title":"Tesla: Cathie Wood's Actions Speak Louder Than Words<blockquote>特斯拉：凯西·伍德的行动胜于雄辩</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1141867982","media":"Seeking Alpha","summary":"Summary\n\nArk Invest continues to sell shares of the EV company.\nWeight in the top fund now is below ","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Ark Invest continues to sell shares of the EV company.</li>  <li>Weight in the top fund now is below 7.75%.</li>  <li>Lack of purchases for undervalued stock is telling.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b7aab2de2ec892bafc5a0ef6e0335fec\" tg-width=\"1536\" tg-height=\"1025\" width=\"100%\" height=\"auto\"><span>Justin Sullivan/Getty Images News</span></p><p><blockquote><ul><li>Ark Invest 继续出售这家电动汽车公司的股票。</li><li>顶级基金的权重现在低于7.75%。</li><li>缺乏对被低估股票的购买很能说明问题。</li></ul><p class=\"t-img-caption\"><span>贾斯汀·沙利文/盖蒂图片社新闻</span></p></blockquote></p><p> When it comes to electric vehicle maker Tesla (TSLA), one of the biggest and most vocal bulls in recent years has been Cathie Wood. The leader of Ark Investment Management has been all over various financial media preaching her love for the company and its stock. However, despite all the positive sentiment, her firm has been selling Tesla shares in massive amounts recently.</p><p><blockquote>谈到电动汽车制造商特斯拉 (TSLA)，近年来最大、最直言不讳的多头之一就是凯西·伍德 (Cathie Wood)。方舟投资管理公司的领导者已经在各种财经媒体上宣扬她对公司及其股票的热爱。然而，尽管情绪积极，她的公司最近一直在大量出售特斯拉股票。</blockquote></p><p> As those who have followed my Tesla coverage here know, I've been tracking Ark Invest's daily Tesla holdings since late March 2020. The stock is held primarily in three of Ark's active ETFs - the Innovation ETF (ARKK), the Autonomous Technology and Robotics ETF (ARKQ), and the Next Generation Internet ETF (ARKW). Recently, Ark Invest launched a Transparency ETF (CTRU) that holds Tesla, but this is an index-based ETF that follows a specific index, and it is very small currently. The Transparency ETF doesn't make large daily allocation moves like the Active ETFs do, so it's not really vital to the argument here today.</p><p><blockquote>关注我特斯拉报道的人都知道，自 2020 年 3 月下旬以来，我一直在跟踪 Ark Investment 的每日特斯拉持有量。该股票主要持有于 Ark 的三只主动 ETF 中——创新 ETF (ARKK)、自主技术和机器人 ETF (ARKQ) 以及下一代互联网 ETF (ARKW)。最近，Ark Invest推出了一只持有特斯拉的透明度ETF（CTRU），但这是一只跟踪特定指数的指数型ETF，目前规模非常小。透明度 ETF 不会像主动 ETF 那样进行大规模的每日配置变动，因此它对今天的争论并不重要。</blockquote></p><p> For its Active ETFs, Ark Invest sends out a daily e-mail that details the firm's allocation trades. These are specific buys or sells in an individual name to change the stock's weighting in one of the six Active ETFs. There are also position changes daily due to inflows or redemptions, but these are not shown in the e-mail. To see those changes, you have to track holdings daily like I have. The graphic below shows Wednesday's allocation changes for ARKK.</p><p><blockquote>对于其主动型 ETF，Ark Invest 每天都会发送一封电子邮件，详细介绍该公司的配置交易。这些是以个人名义进行的特定买入或卖出，以改变股票在六只活跃 ETF 之一中的权重。由于资金流入或赎回，每天也会有头寸变化，但这些没有显示在电子邮件中。要看到这些变化，你必须像我一样每天跟踪持有量。下图显示了周三 ARKK 的分配变化。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fb55e624d01be71b7bccdfe2b1836d3f\" tg-width=\"640\" tg-height=\"525\" width=\"100%\" height=\"auto\"><span>Source: Ark Invest Daily Trades E-mail</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Ark Invest Daily Trades 电子邮件</span></p></blockquote></p><p> ARKK is known as the Ark Invest \"mothership,\" since it's the firm's flagship fund and contains about 52% of the firm's total assets under management. Wednesday's Tesla sale in this ETF was its 12th in the past 19 trading days, and Ark Invest also sold another 22,579 shares on Wednesday in the other two Active ETFs that hold the stock. This continues a selling pattern that started in late July, and Ark Invest hasn't bought Tesla on an allocation basis in any of the three funds since July 7.</p><p><blockquote>ARKK 被称为 Ark Invest 的“母舰”，因为它是该公司的旗舰基金，包含该公司管理总资产的约 52%。该 ETF 周三的特斯拉出售是过去 19 个交易日中的第 12 次，Ark Invest 周三还出售了持有该股票的另外两只活跃 ETF 的 22,579 股股票。这延续了 7 月下旬开始的抛售模式，自 7 月 7 日以来，Ark Invest 尚未在这三只基金中的任何一只中以配置的方式购买特斯拉。</blockquote></p><p> Before counting any changes due to inflows and redemptions on Wednesday, the three Tesla sales on Wednesday would put total Tesla holdings in the Active ETFs at about 1.9 million shares. At their individual peaks, these ETFs combined to hold more than 5.575 million shares, so this is a dramatic shift in sentiment for the firm (the individual daily combined total peak for the three ETFs was more than 5.515 million shares).</p><p><blockquote>在计算周三流入和赎回造成的任何变化之前，周三的三笔特斯拉出售将使特斯拉在活跃 ETF 中的总持股量达到约 190 万股。在各自的峰值时，这些 ETF 合计持有超过 557.5 万股，因此这是该公司情绪的巨大变化（三只 ETF 的单日总峰值超过 551.5 万股）。</blockquote></p><p> The massive Tesla sales recently are especially strange when you consider&nbsp;last week's CNBC appearance. Cathie Wood was on the network saying how Tesla is undervalued, and she reiterated her $3,000 base case price target on the stock. That was when shares were around $1,050, and yet she sold shares that day and has continued since, despite Tesla shares falling under $930 during Wednesday's trade before rebounding with the market after the Fed decision.</p><p><blockquote>当你考虑到上周美国消费者新闻与商业频道的出现时，最近特斯拉的大规模销售尤其奇怪。凯西·伍德 (Cathie Wood) 在网络上表示特斯拉被低估，她重申了该股 3,000 美元的基本目标价。当时股价约为 1,050 美元，但她当天就卖出了股票，此后一直如此，尽管特斯拉股价在周三的交易中跌破 930 美元，但在美联储做出决定后随市场反弹。</blockquote></p><p> Now there will be defenders of Cathie Wood talking about position limits in individual names. Well, Ark Invest&nbsp;actually removed these limitsearlier this year, which previously allowed its ETFs to hold up to 30% in any one particular name. As the chart below will show, Tesla never had a daily ending weight of more than 13% in ARKK, so it's not like shares were ever anywhere near this limit anyway. Cathie Wood has a \"self-imposed restriction\" that prevents any allocation buy any stocks that are over 10% in a fund, but there is no set guideline on when she has to sell any names.</p><p><blockquote>现在会有凯西·伍德的捍卫者谈论个人姓名的职位限制。嗯，Ark Invest 实际上在今年早些时候取消了这些限制，此前允许其 ETF 以任何特定名称持有高达 30% 的股份。如下图所示，特斯拉在 ARKK 的每日收盘权重从未超过 13%，因此股价无论如何都不会接近这个限制。凯西·伍德 (Cathie Wood) 有一个“自我施加的限制”，禁止任何配置购买基金中超过 10% 的任何股票，但对于她何时必须出售任何股票并没有固定的指导方针。</blockquote></p><p> I bring up these percentages because it has to do with Ark's Tesla sales. There will be those saying Cathie sold due to those limits, but that's a false theory. Yes, Tesla shares have certainly rallied in recent years, but when you have a $3,000 price target on the stock, why are you selling under $1,000 currently? Take a look at the chart below, which shows Tesla's weight in ARKK over the past 420 trading days.</p><p><blockquote>我提出这些百分比是因为它与方舟在特斯拉的销售额有关。会有人说凯西因为这些限制而被卖掉，但这是一个错误的理论。是的，特斯拉的股票近年来确实有所上涨，但当你的股票目标价为 3,000 美元时，为什么你目前的卖价低于 1,000 美元呢？看看下面的图表，它显示了过去 420 个交易日特斯拉在 ARKK 中的权重。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/428535a6d7a7e5ffe7a9d198bb5ba675\" tg-width=\"640\" tg-height=\"357\" width=\"100%\" height=\"auto\"><span>Last data point on chart is for weighting as of 12/15. Source: ARKK website tracked daily</span></p><p><blockquote><p class=\"t-img-caption\"><span>图表上的最后一个数据点是截至12月15日的加权。资料来源：ARKK 网站每日跟踪</span></p></blockquote></p><p></p><p> Tesla was a 7.73% weight in the flagship fund as of Wednesday. I'll also point out that until last week, Tesla had not been under 8.50% during my tracking period, yet Cathie Wood continues to sell shares even with Tesla's weight at its lowest point in at least 21 months. Previously, when Tesla got back below 10.00%, Ark Invest was usually quick to buy shares again. I will point out that over the past couple of months, about 860,000 shares of her reduced Tesla position has been due to redemptions in her funds as they have crashed from their all-time highs.</p><p><blockquote>截至周三，特斯拉在旗舰基金中的权重为 7.73%。我还要指出，直到上周，特斯拉在我的跟踪期内从未低于 8.50%，但凯西·伍德 (Cathie Wood) 仍在继续抛售股票，即使特斯拉的权重处于至少 21 个月来的最低点。此前，当特斯拉回到10.00%以下时，方舟投资通常会很快再次购买股票。我要指出的是，在过去的几个月里，她减少的特斯拉头寸中约有 86 万股是由于她的基金从历史高点暴跌而赎回的。</blockquote></p><p> In the end, Cathie Wood's actions regarding Tesla are quite contrary to the statements she has made. The fund manager on Wednesday continued to sell shares in the EV maker, despite it already being at its lowest weight in her flagship fund in more than 400 trading days. Across the three active Ark Invest ETFs, the total holding of shares has come down by nearly two-thirds, although a little less than a quarter of that decline has been due to redemptions. It was only last week that she called Tesla undervalued and reiterated a $3,000 price target, but her recent trading history tells a much different story.</p><p><blockquote>最后，凯西·伍德关于特斯拉的行为与她的声明完全相反。该基金经理周三继续出售这家电动汽车制造商的股票，尽管其旗舰基金的权重已经达到 400 多个交易日以来的最低。在三只活跃的 Ark Invest ETF 中，股票总持有量下降了近三分之二，尽管其中不到四分之一的下降是由于赎回造成的。就在上周，她称特斯拉被低估，并重申了 3,000 美元的目标价，但她最近的交易历史讲述了一个截然不同的故事。</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>Tesla: Cathie Wood's Actions Speak Louder Than Words<blockquote>特斯拉：凯西·伍德的行动胜于雄辩</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\">\nTesla: Cathie Wood's Actions Speak Louder Than Words<blockquote>特斯拉：凯西·伍德的行动胜于雄辩</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\">2021-12-17 10:41</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>Ark Invest continues to sell shares of the EV company.</li>  <li>Weight in the top fund now is below 7.75%.</li>  <li>Lack of purchases for undervalued stock is telling.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b7aab2de2ec892bafc5a0ef6e0335fec\" tg-width=\"1536\" tg-height=\"1025\" width=\"100%\" height=\"auto\"><span>Justin Sullivan/Getty Images News</span></p><p><blockquote><ul><li>Ark Invest 继续出售这家电动汽车公司的股票。</li><li>顶级基金的权重现在低于7.75%。</li><li>缺乏对被低估股票的购买很能说明问题。</li></ul><p class=\"t-img-caption\"><span>贾斯汀·沙利文/盖蒂图片社新闻</span></p></blockquote></p><p> When it comes to electric vehicle maker Tesla (TSLA), one of the biggest and most vocal bulls in recent years has been Cathie Wood. The leader of Ark Investment Management has been all over various financial media preaching her love for the company and its stock. However, despite all the positive sentiment, her firm has been selling Tesla shares in massive amounts recently.</p><p><blockquote>谈到电动汽车制造商特斯拉 (TSLA)，近年来最大、最直言不讳的多头之一就是凯西·伍德 (Cathie Wood)。方舟投资管理公司的领导者已经在各种财经媒体上宣扬她对公司及其股票的热爱。然而，尽管情绪积极，她的公司最近一直在大量出售特斯拉股票。</blockquote></p><p> As those who have followed my Tesla coverage here know, I've been tracking Ark Invest's daily Tesla holdings since late March 2020. The stock is held primarily in three of Ark's active ETFs - the Innovation ETF (ARKK), the Autonomous Technology and Robotics ETF (ARKQ), and the Next Generation Internet ETF (ARKW). Recently, Ark Invest launched a Transparency ETF (CTRU) that holds Tesla, but this is an index-based ETF that follows a specific index, and it is very small currently. The Transparency ETF doesn't make large daily allocation moves like the Active ETFs do, so it's not really vital to the argument here today.</p><p><blockquote>关注我特斯拉报道的人都知道，自 2020 年 3 月下旬以来，我一直在跟踪 Ark Investment 的每日特斯拉持有量。该股票主要持有于 Ark 的三只主动 ETF 中——创新 ETF (ARKK)、自主技术和机器人 ETF (ARKQ) 以及下一代互联网 ETF (ARKW)。最近，Ark Invest推出了一只持有特斯拉的透明度ETF（CTRU），但这是一只跟踪特定指数的指数型ETF，目前规模非常小。透明度 ETF 不会像主动 ETF 那样进行大规模的每日配置变动，因此它对今天的争论并不重要。</blockquote></p><p> For its Active ETFs, Ark Invest sends out a daily e-mail that details the firm's allocation trades. These are specific buys or sells in an individual name to change the stock's weighting in one of the six Active ETFs. There are also position changes daily due to inflows or redemptions, but these are not shown in the e-mail. To see those changes, you have to track holdings daily like I have. The graphic below shows Wednesday's allocation changes for ARKK.</p><p><blockquote>对于其主动型 ETF，Ark Invest 每天都会发送一封电子邮件，详细介绍该公司的配置交易。这些是以个人名义进行的特定买入或卖出，以改变股票在六只活跃 ETF 之一中的权重。由于资金流入或赎回，每天也会有头寸变化，但这些没有显示在电子邮件中。要看到这些变化，你必须像我一样每天跟踪持有量。下图显示了周三 ARKK 的分配变化。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fb55e624d01be71b7bccdfe2b1836d3f\" tg-width=\"640\" tg-height=\"525\" width=\"100%\" height=\"auto\"><span>Source: Ark Invest Daily Trades E-mail</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Ark Invest Daily Trades 电子邮件</span></p></blockquote></p><p> ARKK is known as the Ark Invest \"mothership,\" since it's the firm's flagship fund and contains about 52% of the firm's total assets under management. Wednesday's Tesla sale in this ETF was its 12th in the past 19 trading days, and Ark Invest also sold another 22,579 shares on Wednesday in the other two Active ETFs that hold the stock. This continues a selling pattern that started in late July, and Ark Invest hasn't bought Tesla on an allocation basis in any of the three funds since July 7.</p><p><blockquote>ARKK 被称为 Ark Invest 的“母舰”，因为它是该公司的旗舰基金，包含该公司管理总资产的约 52%。该 ETF 周三的特斯拉出售是过去 19 个交易日中的第 12 次，Ark Invest 周三还出售了持有该股票的另外两只活跃 ETF 的 22,579 股股票。这延续了 7 月下旬开始的抛售模式，自 7 月 7 日以来，Ark Invest 尚未在这三只基金中的任何一只中以配置的方式购买特斯拉。</blockquote></p><p> Before counting any changes due to inflows and redemptions on Wednesday, the three Tesla sales on Wednesday would put total Tesla holdings in the Active ETFs at about 1.9 million shares. At their individual peaks, these ETFs combined to hold more than 5.575 million shares, so this is a dramatic shift in sentiment for the firm (the individual daily combined total peak for the three ETFs was more than 5.515 million shares).</p><p><blockquote>在计算周三流入和赎回造成的任何变化之前，周三的三笔特斯拉出售将使特斯拉在活跃 ETF 中的总持股量达到约 190 万股。在各自的峰值时，这些 ETF 合计持有超过 557.5 万股，因此这是该公司情绪的巨大变化（三只 ETF 的单日总峰值超过 551.5 万股）。</blockquote></p><p> The massive Tesla sales recently are especially strange when you consider&nbsp;last week's CNBC appearance. Cathie Wood was on the network saying how Tesla is undervalued, and she reiterated her $3,000 base case price target on the stock. That was when shares were around $1,050, and yet she sold shares that day and has continued since, despite Tesla shares falling under $930 during Wednesday's trade before rebounding with the market after the Fed decision.</p><p><blockquote>当你考虑到上周美国消费者新闻与商业频道的出现时，最近特斯拉的大规模销售尤其奇怪。凯西·伍德 (Cathie Wood) 在网络上表示特斯拉被低估，她重申了该股 3,000 美元的基本目标价。当时股价约为 1,050 美元，但她当天就卖出了股票，此后一直如此，尽管特斯拉股价在周三的交易中跌破 930 美元，但在美联储做出决定后随市场反弹。</blockquote></p><p> Now there will be defenders of Cathie Wood talking about position limits in individual names. Well, Ark Invest&nbsp;actually removed these limitsearlier this year, which previously allowed its ETFs to hold up to 30% in any one particular name. As the chart below will show, Tesla never had a daily ending weight of more than 13% in ARKK, so it's not like shares were ever anywhere near this limit anyway. Cathie Wood has a \"self-imposed restriction\" that prevents any allocation buy any stocks that are over 10% in a fund, but there is no set guideline on when she has to sell any names.</p><p><blockquote>现在会有凯西·伍德的捍卫者谈论个人姓名的职位限制。嗯，Ark Invest 实际上在今年早些时候取消了这些限制，此前允许其 ETF 以任何特定名称持有高达 30% 的股份。如下图所示，特斯拉在 ARKK 的每日收盘权重从未超过 13%，因此股价无论如何都不会接近这个限制。凯西·伍德 (Cathie Wood) 有一个“自我施加的限制”，禁止任何配置购买基金中超过 10% 的任何股票，但对于她何时必须出售任何股票并没有固定的指导方针。</blockquote></p><p> I bring up these percentages because it has to do with Ark's Tesla sales. There will be those saying Cathie sold due to those limits, but that's a false theory. Yes, Tesla shares have certainly rallied in recent years, but when you have a $3,000 price target on the stock, why are you selling under $1,000 currently? Take a look at the chart below, which shows Tesla's weight in ARKK over the past 420 trading days.</p><p><blockquote>我提出这些百分比是因为它与方舟在特斯拉的销售额有关。会有人说凯西因为这些限制而被卖掉，但这是一个错误的理论。是的，特斯拉的股票近年来确实有所上涨，但当你的股票目标价为 3,000 美元时，为什么你目前的卖价低于 1,000 美元呢？看看下面的图表，它显示了过去 420 个交易日特斯拉在 ARKK 中的权重。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/428535a6d7a7e5ffe7a9d198bb5ba675\" tg-width=\"640\" tg-height=\"357\" width=\"100%\" height=\"auto\"><span>Last data point on chart is for weighting as of 12/15. Source: ARKK website tracked daily</span></p><p><blockquote><p class=\"t-img-caption\"><span>图表上的最后一个数据点是截至12月15日的加权。资料来源：ARKK 网站每日跟踪</span></p></blockquote></p><p></p><p> Tesla was a 7.73% weight in the flagship fund as of Wednesday. I'll also point out that until last week, Tesla had not been under 8.50% during my tracking period, yet Cathie Wood continues to sell shares even with Tesla's weight at its lowest point in at least 21 months. Previously, when Tesla got back below 10.00%, Ark Invest was usually quick to buy shares again. I will point out that over the past couple of months, about 860,000 shares of her reduced Tesla position has been due to redemptions in her funds as they have crashed from their all-time highs.</p><p><blockquote>截至周三，特斯拉在旗舰基金中的权重为 7.73%。我还要指出，直到上周，特斯拉在我的跟踪期内从未低于 8.50%，但凯西·伍德 (Cathie Wood) 仍在继续抛售股票，即使特斯拉的权重处于至少 21 个月来的最低点。此前，当特斯拉回到10.00%以下时，方舟投资通常会很快再次购买股票。我要指出的是，在过去的几个月里，她减少的特斯拉头寸中约有 86 万股是由于她的基金从历史高点暴跌而赎回的。</blockquote></p><p> In the end, Cathie Wood's actions regarding Tesla are quite contrary to the statements she has made. The fund manager on Wednesday continued to sell shares in the EV maker, despite it already being at its lowest weight in her flagship fund in more than 400 trading days. Across the three active Ark Invest ETFs, the total holding of shares has come down by nearly two-thirds, although a little less than a quarter of that decline has been due to redemptions. It was only last week that she called Tesla undervalued and reiterated a $3,000 price target, but her recent trading history tells a much different story.</p><p><blockquote>最后，凯西·伍德关于特斯拉的行为与她的声明完全相反。该基金经理周三继续出售这家电动汽车制造商的股票，尽管其旗舰基金的权重已经达到 400 多个交易日以来的最低。在三只活跃的 Ark Invest ETF 中，股票总持有量下降了近三分之二，尽管其中不到四分之一的下降是由于赎回造成的。就在上周，她称特斯拉被低估，并重申了 3,000 美元的目标价，但她最近的交易历史讲述了一个截然不同的故事。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4475631-tesla-cathie-wood-share-sales\">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":{"TSLA":"特斯拉","ARKK":"ARK Innovation ETF","ARKG":"ARK Genomic Revolution ETF"},"source_url":"https://seekingalpha.com/article/4475631-tesla-cathie-wood-share-sales","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1141867982","content_text":"Summary\n\nArk Invest continues to sell shares of the EV company.\nWeight in the top fund now is below 7.75%.\nLack of purchases for undervalued stock is telling.\n\nJustin Sullivan/Getty Images News\nWhen it comes to electric vehicle maker Tesla (TSLA), one of the biggest and most vocal bulls in recent years has been Cathie Wood. The leader of Ark Investment Management has been all over various financial media preaching her love for the company and its stock. However, despite all the positive sentiment, her firm has been selling Tesla shares in massive amounts recently.\nAs those who have followed my Tesla coverage here know, I've been tracking Ark Invest's daily Tesla holdings since late March 2020. The stock is held primarily in three of Ark's active ETFs - the Innovation ETF (ARKK), the Autonomous Technology and Robotics ETF (ARKQ), and the Next Generation Internet ETF (ARKW). Recently, Ark Invest launched a Transparency ETF (CTRU) that holds Tesla, but this is an index-based ETF that follows a specific index, and it is very small currently. The Transparency ETF doesn't make large daily allocation moves like the Active ETFs do, so it's not really vital to the argument here today.\nFor its Active ETFs, Ark Invest sends out a daily e-mail that details the firm's allocation trades. These are specific buys or sells in an individual name to change the stock's weighting in one of the six Active ETFs. There are also position changes daily due to inflows or redemptions, but these are not shown in the e-mail. To see those changes, you have to track holdings daily like I have. The graphic below shows Wednesday's allocation changes for ARKK.\nSource: Ark Invest Daily Trades E-mail\nARKK is known as the Ark Invest \"mothership,\" since it's the firm's flagship fund and contains about 52% of the firm's total assets under management. Wednesday's Tesla sale in this ETF was its 12th in the past 19 trading days, and Ark Invest also sold another 22,579 shares on Wednesday in the other two Active ETFs that hold the stock. This continues a selling pattern that started in late July, and Ark Invest hasn't bought Tesla on an allocation basis in any of the three funds since July 7.\nBefore counting any changes due to inflows and redemptions on Wednesday, the three Tesla sales on Wednesday would put total Tesla holdings in the Active ETFs at about 1.9 million shares. At their individual peaks, these ETFs combined to hold more than 5.575 million shares, so this is a dramatic shift in sentiment for the firm (the individual daily combined total peak for the three ETFs was more than 5.515 million shares).\nThe massive Tesla sales recently are especially strange when you consider last week's CNBC appearance. Cathie Wood was on the network saying how Tesla is undervalued, and she reiterated her $3,000 base case price target on the stock. That was when shares were around $1,050, and yet she sold shares that day and has continued since, despite Tesla shares falling under $930 during Wednesday's trade before rebounding with the market after the Fed decision.\nNow there will be defenders of Cathie Wood talking about position limits in individual names. Well, Ark Invest actually removed these limitsearlier this year, which previously allowed its ETFs to hold up to 30% in any one particular name. As the chart below will show, Tesla never had a daily ending weight of more than 13% in ARKK, so it's not like shares were ever anywhere near this limit anyway. Cathie Wood has a \"self-imposed restriction\" that prevents any allocation buy any stocks that are over 10% in a fund, but there is no set guideline on when she has to sell any names.\nI bring up these percentages because it has to do with Ark's Tesla sales. There will be those saying Cathie sold due to those limits, but that's a false theory. Yes, Tesla shares have certainly rallied in recent years, but when you have a $3,000 price target on the stock, why are you selling under $1,000 currently? Take a look at the chart below, which shows Tesla's weight in ARKK over the past 420 trading days.\nLast data point on chart is for weighting as of 12/15. Source: ARKK website tracked daily\nTesla was a 7.73% weight in the flagship fund as of Wednesday. I'll also point out that until last week, Tesla had not been under 8.50% during my tracking period, yet Cathie Wood continues to sell shares even with Tesla's weight at its lowest point in at least 21 months. Previously, when Tesla got back below 10.00%, Ark Invest was usually quick to buy shares again. I will point out that over the past couple of months, about 860,000 shares of her reduced Tesla position has been due to redemptions in her funds as they have crashed from their all-time highs.\nIn the end, Cathie Wood's actions regarding Tesla are quite contrary to the statements she has made. The fund manager on Wednesday continued to sell shares in the EV maker, despite it already being at its lowest weight in her flagship fund in more than 400 trading days. Across the three active Ark Invest ETFs, the total holding of shares has come down by nearly two-thirds, although a little less than a quarter of that decline has been due to redemptions. It was only last week that she called Tesla undervalued and reiterated a $3,000 price target, but her recent trading history tells a much different story.","news_type":1,"symbols_score_info":{"ARKK":0.9,"ARKG":0.9,"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":5945,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"9000000000000603","authorId":"9000000000000603","name":"ElsieDewey","avatar":"https://static.tigerbbs.com/f5db46fc82ad451b6aa0d938d2221d70","crmLevel":1,"crmLevelSwitch":0,"idStr":"9000000000000603","authorIdStr":"9000000000000603"},"content":"I agree with you. It is important to adjust the use of cash.","text":"I agree with you. It is important to adjust the use of cash.","html":"I agree with you. It is important to adjust the use of cash."},{"author":{"id":"9000000000000432","authorId":"9000000000000432","name":"PagRobinson","avatar":"https://static.tigerbbs.com/f27744c1fabf17b5f44122ab53e7da10","crmLevel":1,"crmLevelSwitch":0,"idStr":"9000000000000432","authorIdStr":"9000000000000432"},"content":"I quite agree with you. This is a very common way to adjust the stock price.","text":"I quite agree with you. This is a very common way to adjust the stock price.","html":"I quite agree with you. This is a very common way to adjust the stock price."}],"imageCount":0,"langContent":"CN","totalScore":0},{"id":699513512,"gmtCreate":1639837245078,"gmtModify":1639837245282,"author":{"id":"3579922554249988","authorId":"3579922554249988","name":"Portfolio50","avatar":"https://static.tigerbbs.com/3e41399b7d47310e4bf55e2a5917c9da","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579922554249988","authorIdStr":"3579922554249988"},"themes":[],"title":"","htmlText":"Watching and not hitting the buy button yet","listText":"Watching and not hitting the buy button yet","text":"Watching and not hitting the buy button yet","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/699513512","repostId":"1161245886","repostType":4,"repost":{"id":"1161245886","kind":"news","pubTimestamp":1639806035,"share":"https://www.laohunote.com/m/news/1161245886?lang=zh_CN&edition=full","pubTime":"2021-12-18 13:40","market":"us","language":"en","title":"Wedbush's Dan Ives: Don't throw in the towel on tech<blockquote>韦德布什的丹·艾夫斯：不要放弃科技</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1161245886","media":"Seeking Alpha","summary":"Wedbush Securities managing director Dan Ives advised investors to stick with technology stocks despite the potential valuation crunch that could happen as the Federal Reserve raises interest rates.\"This is not the time to throw in the white towel on tech,\" he told CNBC on Friday.Calling the current era \"a fourth industrial revolution,\" Ives backed such stocks as $CyberArk Software $, $Palo Alto Networks $, $Zscaler $, $NVIDIA $ and $Apple $.\"This is an opportunity, not the start of a downtrend ","content":"<p>Wedbush Securities managing director Dan Ives advised investors to stick with technology stocks despite the potential valuation crunch that could happen as the Federal Reserve raises interest rates.</p><p><blockquote>韦德布什证券董事总经理丹·艾夫斯建议投资者坚持投资科技股，尽管美联储加息可能会出现潜在的估值紧缩。</blockquote></p><p> \"This is not the time to throw in the white towel on tech,\" he told CNBC on Friday.</p><p><blockquote>“现在不是放弃科技的时候，”他周五对 CNBC 表示。</blockquote></p><p> Calling the current era \"a fourth industrial revolution,\" Ives backed such stocks as <a href=\"https://laohu8.com/S/CYBR\">CyberArk Software </a>, <a href=\"https://laohu8.com/S/PANW\">Palo Alto Networks </a>, <a href=\"https://laohu8.com/S/ZS\">Zscaler </a>, <a href=\"https://laohu8.com/S/NVDA\">NVIDIA </a> and <a href=\"https://laohu8.com/S/AAPL\">Apple </a>.</p><p><blockquote>艾夫斯将当前时代称为“第四次工业革命”，他支持以下股票：<a href=\"https://laohu8.com/S/CYBR\">赛博方舟软件</a>,<a href=\"https://laohu8.com/S/PANW\">帕洛阿尔托网络</a>,<a href=\"https://laohu8.com/S/ZS\">缩放器</a>,<a href=\"https://laohu8.com/S/NVDA\">英伟达</a>和<a href=\"https://laohu8.com/S/AAPL\">苹果</a>.</blockquote></p><p> \"This is an opportunity, not the start of a downtrend for tech,\" he said.</p><p><blockquote>“这是一个机会，而不是科技下行趋势的开始，”他说。</blockquote></p><p> Ives argued that a large number of tech names will see significant growth in coming years thanks to heavy spending on technologies like cybersecurity, 5G and further moves into the cloud.</p><p><blockquote>艾夫斯认为，由于在网络安全、5G等技术上的巨额支出以及进一步向云迁移，大量科技公司将在未来几年实现显着增长。</blockquote></p><p> He estimated that this \"digital transformation\" would fuel another $2T in spending over the next six to seven years.</p><p><blockquote>他估计，这种“数字化转型”将在未来六到七年内增加 2 万亿美元的支出。</blockquote></p><p> That said, Ives warned investors that they had to be selective with their portfolios, as some stocks will lose momentum once the massive pandemic-related stimulus comes to an end.</p><p><blockquote>尽管如此，艾夫斯警告投资者，他们必须对投资组合进行选择性，因为一旦与大流行相关的大规模刺激措施结束，一些股票将失去动力。</blockquote></p><p> \"You have to separate the winners from the losers and the long-term winners versus the ones that benefited from the pandemic,\" he said.</p><p><blockquote>他说：“你必须区分赢家和输家，区分长期赢家和从疫情中受益的人。”</blockquote></p><p> Rather, Ives suggested investors \"double down on their winners.\"</p><p><blockquote>相反，艾夫斯建议投资者“加倍押注赢家”。</blockquote></p><p> Looking at some of the stocks mentioned by Ives, NVDA has done by far the best in 2021, more than doubling over the course of the year. ZS and PANW have both risen nearly 50%. AAPL lags behind its smaller rivals, although it has rallied about 30% for 2021.</p><p><blockquote>从艾夫斯提到的一些股票来看，NVDA 在 2021 年的表现是迄今为止最好的，一年内上涨了一倍多。ZS 和 PANW 均上涨近 50%。AAPL 落后于规模较小的竞争对手，尽管它在 2021 年上涨了约 30%。</blockquote></p><p> The main laggard in the group is CYBR, which is basically flat on the year:</p><p><blockquote>集团中主要落后的是CYBR，同比基本持平：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/25aa45389fe8b89d41006f304e02894e\" tg-width=\"1201\" tg-height=\"405\" 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>Wedbush's Dan Ives: Don't throw in the towel on tech<blockquote>韦德布什的丹·艾夫斯：不要放弃科技</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWedbush's Dan Ives: Don't throw in the towel on tech<blockquote>韦德布什的丹·艾夫斯：不要放弃科技</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\">2021-12-18 13:40</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Wedbush Securities managing director Dan Ives advised investors to stick with technology stocks despite the potential valuation crunch that could happen as the Federal Reserve raises interest rates.</p><p><blockquote>韦德布什证券董事总经理丹·艾夫斯建议投资者坚持投资科技股，尽管美联储加息可能会出现潜在的估值紧缩。</blockquote></p><p> \"This is not the time to throw in the white towel on tech,\" he told CNBC on Friday.</p><p><blockquote>“现在不是放弃科技的时候，”他周五对 CNBC 表示。</blockquote></p><p> Calling the current era \"a fourth industrial revolution,\" Ives backed such stocks as <a href=\"https://laohu8.com/S/CYBR\">CyberArk Software </a>, <a href=\"https://laohu8.com/S/PANW\">Palo Alto Networks </a>, <a href=\"https://laohu8.com/S/ZS\">Zscaler </a>, <a href=\"https://laohu8.com/S/NVDA\">NVIDIA </a> and <a href=\"https://laohu8.com/S/AAPL\">Apple </a>.</p><p><blockquote>艾夫斯将当前时代称为“第四次工业革命”，他支持以下股票：<a href=\"https://laohu8.com/S/CYBR\">赛博方舟软件</a>,<a href=\"https://laohu8.com/S/PANW\">帕洛阿尔托网络</a>,<a href=\"https://laohu8.com/S/ZS\">缩放器</a>,<a href=\"https://laohu8.com/S/NVDA\">英伟达</a>和<a href=\"https://laohu8.com/S/AAPL\">苹果</a>.</blockquote></p><p> \"This is an opportunity, not the start of a downtrend for tech,\" he said.</p><p><blockquote>“这是一个机会，而不是科技下行趋势的开始，”他说。</blockquote></p><p> Ives argued that a large number of tech names will see significant growth in coming years thanks to heavy spending on technologies like cybersecurity, 5G and further moves into the cloud.</p><p><blockquote>艾夫斯认为，由于在网络安全、5G等技术上的巨额支出以及进一步向云迁移，大量科技公司将在未来几年实现显着增长。</blockquote></p><p> He estimated that this \"digital transformation\" would fuel another $2T in spending over the next six to seven years.</p><p><blockquote>他估计，这种“数字化转型”将在未来六到七年内增加 2 万亿美元的支出。</blockquote></p><p> That said, Ives warned investors that they had to be selective with their portfolios, as some stocks will lose momentum once the massive pandemic-related stimulus comes to an end.</p><p><blockquote>尽管如此，艾夫斯警告投资者，他们必须对投资组合进行选择性，因为一旦与大流行相关的大规模刺激措施结束，一些股票将失去动力。</blockquote></p><p> \"You have to separate the winners from the losers and the long-term winners versus the ones that benefited from the pandemic,\" he said.</p><p><blockquote>他说：“你必须区分赢家和输家，区分长期赢家和从疫情中受益的人。”</blockquote></p><p> Rather, Ives suggested investors \"double down on their winners.\"</p><p><blockquote>相反，艾夫斯建议投资者“加倍押注赢家”。</blockquote></p><p> Looking at some of the stocks mentioned by Ives, NVDA has done by far the best in 2021, more than doubling over the course of the year. ZS and PANW have both risen nearly 50%. AAPL lags behind its smaller rivals, although it has rallied about 30% for 2021.</p><p><blockquote>从艾夫斯提到的一些股票来看，NVDA 在 2021 年的表现是迄今为止最好的，一年内上涨了一倍多。ZS 和 PANW 均上涨近 50%。AAPL 落后于规模较小的竞争对手，尽管它在 2021 年上涨了约 30%。</blockquote></p><p> The main laggard in the group is CYBR, which is basically flat on the year:</p><p><blockquote>集团中主要落后的是CYBR，同比基本持平：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/25aa45389fe8b89d41006f304e02894e\" tg-width=\"1201\" tg-height=\"405\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/news/3781354-dont-throw-in-the-towel-on-tech-wedbushs-dan-ives\">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":{"ZS":"Zscaler Inc.","PANW":"Palo Alto Networks","NVDA":"英伟达","CYBR":"Cyber-Ark Software"},"source_url":"https://seekingalpha.com/news/3781354-dont-throw-in-the-towel-on-tech-wedbushs-dan-ives","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1161245886","content_text":"Wedbush Securities managing director Dan Ives advised investors to stick with technology stocks despite the potential valuation crunch that could happen as the Federal Reserve raises interest rates.\n\"This is not the time to throw in the white towel on tech,\" he told CNBC on Friday.\nCalling the current era \"a fourth industrial revolution,\" Ives backed such stocks as CyberArk Software , Palo Alto Networks , Zscaler , NVIDIA  and Apple .\n\"This is an opportunity, not the start of a downtrend for tech,\" he said.\nIves argued that a large number of tech names will see significant growth in coming years thanks to heavy spending on technologies like cybersecurity, 5G and further moves into the cloud.\nHe estimated that this \"digital transformation\" would fuel another $2T in spending over the next six to seven years.\nThat said, Ives warned investors that they had to be selective with their portfolios, as some stocks will lose momentum once the massive pandemic-related stimulus comes to an end.\n\"You have to separate the winners from the losers and the long-term winners versus the ones that benefited from the pandemic,\" he said.\nRather, Ives suggested investors \"double down on their winners.\"\nLooking at some of the stocks mentioned by Ives, NVDA has done by far the best in 2021, more than doubling over the course of the year. ZS and PANW have both risen nearly 50%. AAPL lags behind its smaller rivals, although it has rallied about 30% for 2021.\nThe main laggard in the group is CYBR, which is basically flat on the year:","news_type":1,"symbols_score_info":{"CYBR":0.9,"PANW":0.9,"NVDA":0.9,"ZS":0.9}},"isVote":1,"tweetType":1,"viewCount":4832,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":699818760,"gmtCreate":1639777748653,"gmtModify":1639778726678,"author":{"id":"3579922554249988","authorId":"3579922554249988","name":"Portfolio50","avatar":"https://static.tigerbbs.com/3e41399b7d47310e4bf55e2a5917c9da","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579922554249988","authorIdStr":"3579922554249988"},"themes":[],"title":"","htmlText":"Waiting for Nio to be listed on HKEX next year!&nbsp;","listText":"Waiting for Nio to be listed on HKEX next year!&nbsp;","text":"Waiting for Nio to be listed on HKEX next year!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/699818760","repostId":"2192462941","repostType":2,"isVote":1,"tweetType":1,"viewCount":3332,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":604994947,"gmtCreate":1639299844403,"gmtModify":1639299844559,"author":{"id":"3579922554249988","authorId":"3579922554249988","name":"Portfolio50","avatar":"https://static.tigerbbs.com/3e41399b7d47310e4bf55e2a5917c9da","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579922554249988","authorIdStr":"3579922554249988"},"themes":[],"title":"","htmlText":"Do this at your own peril!","listText":"Do this at your own peril!","text":"Do this at your own peril!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/604994947","repostId":"2190679207","repostType":4,"isVote":1,"tweetType":1,"viewCount":953,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":602222364,"gmtCreate":1639030425055,"gmtModify":1639030425206,"author":{"id":"3579922554249988","authorId":"3579922554249988","name":"Portfolio50","avatar":"https://static.tigerbbs.com/3e41399b7d47310e4bf55e2a5917c9da","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579922554249988","authorIdStr":"3579922554249988"},"themes":[],"title":"","htmlText":"The number of gamblers are now so large that this has become a profitable move....","listText":"The number of gamblers are now so large that this has become a profitable move....","text":"The number of gamblers are now so large that this has become a profitable move....","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/602222364","repostId":"1109878657","repostType":4,"repost":{"id":"1109878657","kind":"news","pubTimestamp":1639017005,"share":"https://www.laohunote.com/m/news/1109878657?lang=zh_CN&edition=full","pubTime":"2021-12-09 10:30","market":"us","language":"en","title":"MEME ETF: The Top 10 Holdings of the New Roundhill Fund for Meme Stock Investors<blockquote>Meme ETF：Meme 股票投资者新 Roundhill 基金的十大持股</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1109878657","media":"InvestorPlace","summary":"The new Roundhill MEME ETF(NYSEAMERICAN:MEME) is live and with it comes an opportunity to invest in ","content":"<p><div> The new Roundhill MEME ETF(NYSEAMERICAN:MEME) is live and with it comes an opportunity to invest in a wide variety of meme stocks. According to the Roundhill MEME ETF website, it tracks the “25 equal-...</p><p><blockquote><div>新的 Roundhill MEME ETF（NYSEAMERICAN:MEME）已上线，随之而来的是投资各种 MEME 股票的机会。根据 Roundhill MEME ETF 网站的信息，它追踪“25 只同等价值的股票……”</div></blockquote></p><p>  <a href=\"https://investorplace.com/2021/12/meme-etf-the-top-10-holdings-of-the-new-roundhill-fund-for-meme-stock-investors/\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://investorplace.com/2021/12/meme-etf-the-top-10-holdings-of-the-new-roundhill-fund-for-meme-stock-investors/\">网页连接</a></blockquote></p><p></p>","source":"lsy1606302653667","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>MEME ETF: The Top 10 Holdings of the New Roundhill Fund for Meme Stock Investors<blockquote>Meme ETF：Meme 股票投资者新 Roundhill 基金的十大持股</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\">\nMEME ETF: The Top 10 Holdings of the New Roundhill Fund for Meme Stock Investors<blockquote>Meme ETF：Meme 股票投资者新 Roundhill 基金的十大持股</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">InvestorPlace</strong><span class=\"h-time small\">2021-12-09 10:30</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> The new Roundhill MEME ETF(NYSEAMERICAN:MEME) is live and with it comes an opportunity to invest in a wide variety of meme stocks. According to the Roundhill MEME ETF website, it tracks the “25 equal-...</p><p><blockquote><div>新的 Roundhill MEME ETF（NYSEAMERICAN:MEME）已上线，随之而来的是投资各种 MEME 股票的机会。根据 Roundhill MEME ETF 网站的信息，它追踪“25 只同等价值的股票……”</div></blockquote></p><p>  <a href=\"https://investorplace.com/2021/12/meme-etf-the-top-10-holdings-of-the-new-roundhill-fund-for-meme-stock-investors/\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://investorplace.com/2021/12/meme-etf-the-top-10-holdings-of-the-new-roundhill-fund-for-meme-stock-investors/\">网页连接</a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://investorplace.com/2021/12/meme-etf-the-top-10-holdings-of-the-new-roundhill-fund-for-meme-stock-investors/\">InvestorPlace</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":{"SNAP":"Snap Inc","DKNG":"DraftKings Inc.","UPST":"Upstart Holdings, Inc.","SOFI":"SoFi Technologies Inc.","TDOC":"Teladoc Health Inc.","CLOV":"Clover Health Corp","TLRY":"Tilray Inc.","MEME":"Roundhill Meme Stock ETF","AMC":"AMC院线"},"source_url":"https://investorplace.com/2021/12/meme-etf-the-top-10-holdings-of-the-new-roundhill-fund-for-meme-stock-investors/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1109878657","content_text":"The new Roundhill MEME ETF(NYSEAMERICAN:MEME) is live and with it comes an opportunity to invest in a wide variety of meme stocks.\nAccording to the Roundhill MEME ETF website, it tracks the “25 equal-weighted U.S. listed equity securities that exhibit a combination of elevated social media activity and high short interest.” It’s also worth pointing out that many of the companies in this ETF are penny stocks. So handle with care.\nLet’s jump into that list below to see the top 10 holdings in the Roundhill MEME ETF.\nRoundhill MEME ETF Top 10 Holdings\n\nContextLogic(NASDAQ:WISH) stock starts us off as the largest holding at 4.39%.\nDigital World Acquisition(NASDAQ:DWAC) shares are up next with a 4.36% holding.\nUpstart Holdings(NASDAQ:UPST) stock joins the list with a 4.34%  weight.\nDraftkings(NASDAQ:DKNG) shares make the list with a 4.24% holding.\nSoFi Technologies(NASDAQ:SOFI) stock hits the halfway point with a 4.21% weight.\nSnap(NYSE:SNAP) is another meme stock in the ETF with a 4.14% holding.\nAMC Entertainment(NYSE:AMC) is a major meme stock and the ETF has a 4.11%% holding.\nClover Health Investments(NASDAQ:CLOV) stock secures its spot on the list with a 4.11% weight.\nTeladoc Health(NYSE:TDOC) shares are next to last with a 4.09% holding.\nTilray(NASDAQ:TLRY) stock finishes off the top 10 Roundhill MEME ETF holdings at 4.06%.","news_type":1,"symbols_score_info":{"DWAC":0.9,"TLRY":0.9,"SOFI":0.9,"UPST":0.9,"MEME":0.9,"AMC":0.9,"TDOC":0.9,"CLOV":0.9,"SNAP":0.9,"WISH":0.9,"DKNG":0.9}},"isVote":1,"tweetType":1,"viewCount":1066,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":608878860,"gmtCreate":1638694847358,"gmtModify":1638695079789,"author":{"id":"3579922554249988","authorId":"3579922554249988","name":"Portfolio50","avatar":"https://static.tigerbbs.com/3e41399b7d47310e4bf55e2a5917c9da","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579922554249988","authorIdStr":"3579922554249988"},"themes":[],"title":"","htmlText":"Didn't I read somewhere that crypto is a good hedge when every other asset class is falling?","listText":"Didn't I read somewhere that crypto is a good hedge when every other asset class is falling?","text":"Didn't I read somewhere that crypto is a good hedge when every other asset class is falling?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/608878860","repostId":"1140678193","repostType":4,"isVote":1,"tweetType":1,"viewCount":1238,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":608940849,"gmtCreate":1638605171993,"gmtModify":1638606700493,"author":{"id":"3579922554249988","authorId":"3579922554249988","name":"Portfolio50","avatar":"https://static.tigerbbs.com/3e41399b7d47310e4bf55e2a5917c9da","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579922554249988","authorIdStr":"3579922554249988"},"themes":[],"title":"","htmlText":"Didn't I read somewhere that crypto is a good hedge when every other asset class is falling?","listText":"Didn't I read somewhere that crypto is a good hedge when every other asset class is falling?","text":"Didn't I read somewhere that crypto is a good hedge when every other asset class is falling?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/608940849","repostId":"1140678193","repostType":4,"isVote":1,"tweetType":1,"viewCount":1084,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":601296547,"gmtCreate":1638531303938,"gmtModify":1638531859135,"author":{"id":"3579922554249988","authorId":"3579922554249988","name":"Portfolio50","avatar":"https://static.tigerbbs.com/3e41399b7d47310e4bf55e2a5917c9da","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579922554249988","authorIdStr":"3579922554249988"},"themes":[],"title":"","htmlText":"Big companies don't like to offer cheap products due to high overheads. Microsoft must have felt really threatened for them to resort to this.","listText":"Big companies don't like to offer cheap products due to high overheads. Microsoft must have felt really threatened for them to resort to this.","text":"Big companies don't like to offer cheap products due to high overheads. Microsoft must have felt really threatened for them to resort to this.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/601296547","repostId":"1109174326","repostType":4,"repost":{"id":"1109174326","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":1638524729,"share":"https://www.laohunote.com/m/news/1109174326?lang=zh_CN&edition=full","pubTime":"2021-12-03 17:45","market":"us","language":"en","title":"Zoom stock slid more than 2% in premarket trading<blockquote>Zoom 股价在盘前交易中下跌超过 2%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1109174326","media":"Tiger Newspress","summary":"Zoom stock slid another 2% in premarket trading after falling 3% yesterday.\n\nMicrosoft adds a cheape","content":"<p>Zoom stock slid another 2% in premarket trading&nbsp;after&nbsp;falling&nbsp;3%&nbsp;yesterday.</p><p><blockquote>Zoom 股价继昨天下跌 3% 后，在盘前交易中又下跌 2%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/b24ab8a82447c7a4f6bd126bae35a19a\" tg-width=\"851\" tg-height=\"619\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Microsoft adds a cheaper teams to take down Zoom.The software giant has gone the low price route to bring in more small business users.</p><p><blockquote>微软增加了一个更便宜的团队来拿下Zoom。这家软件巨头走了低价路线，以吸引更多的小企业用户。</blockquote></p><p> Microsoft&nbsp;has released Teams Essentials, a standalone version of its popular videoconferencing software. Previously customers could only subscribe to teams as part of a broader suite of Office software.</p><p><blockquote>微软发布了Teams Essentials，这是其广受欢迎的视频会议软件的独立版本。以前，客户只能订阅团队作为更广泛的办公软件套件的一部分。</blockquote></p><p> The new version of teams costs $4 per user, per month which Microsoft called \"the most competitively priced online meetings and collaboration solution in the market,\" in a&nbsp;release.</p><p><blockquote>新版本的teams每个用户每月收费4美元，微软在一份新闻稿中称这是“市场上价格最具竞争力的在线会议和协作解决方案”。</blockquote></p><p> Microsoft has made it clear that it is targeting small businesses, a key Zoom customer base, with Teams Essentials.</p><p><blockquote>微软已经明确表示，它的目标是小型企业，这是一个重要的Zoom客户群，拥有团队必需品。</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>Zoom stock slid more than 2% in premarket trading<blockquote>Zoom 股价在盘前交易中下跌超过 2%</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\">\nZoom stock slid more than 2% in premarket trading<blockquote>Zoom 股价在盘前交易中下跌超过 2%</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\">2021-12-03 17:45</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Zoom stock slid another 2% in premarket trading&nbsp;after&nbsp;falling&nbsp;3%&nbsp;yesterday.</p><p><blockquote>Zoom 股价继昨天下跌 3% 后，在盘前交易中又下跌 2%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/b24ab8a82447c7a4f6bd126bae35a19a\" tg-width=\"851\" tg-height=\"619\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Microsoft adds a cheaper teams to take down Zoom.The software giant has gone the low price route to bring in more small business users.</p><p><blockquote>微软增加了一个更便宜的团队来拿下Zoom。这家软件巨头走了低价路线，以吸引更多的小企业用户。</blockquote></p><p> Microsoft&nbsp;has released Teams Essentials, a standalone version of its popular videoconferencing software. Previously customers could only subscribe to teams as part of a broader suite of Office software.</p><p><blockquote>微软发布了Teams Essentials，这是其广受欢迎的视频会议软件的独立版本。以前，客户只能订阅团队作为更广泛的办公软件套件的一部分。</blockquote></p><p> The new version of teams costs $4 per user, per month which Microsoft called \"the most competitively priced online meetings and collaboration solution in the market,\" in a&nbsp;release.</p><p><blockquote>新版本的teams每个用户每月收费4美元，微软在一份新闻稿中称这是“市场上价格最具竞争力的在线会议和协作解决方案”。</blockquote></p><p> Microsoft has made it clear that it is targeting small businesses, a key Zoom customer base, with Teams Essentials.</p><p><blockquote>微软已经明确表示，它的目标是小型企业，这是一个重要的Zoom客户群，拥有团队必需品。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ZM":"Zoom"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1109174326","content_text":"Zoom stock slid another 2% in premarket trading after falling 3% yesterday.\n\nMicrosoft adds a cheaper teams to take down Zoom.The software giant has gone the low price route to bring in more small business users.\nMicrosoft has released Teams Essentials, a standalone version of its popular videoconferencing software. Previously customers could only subscribe to teams as part of a broader suite of Office software.\nThe new version of teams costs $4 per user, per month which Microsoft called \"the most competitively priced online meetings and collaboration solution in the market,\" in a release.\nMicrosoft has made it clear that it is targeting small businesses, a key Zoom customer base, with Teams Essentials.","news_type":1,"symbols_score_info":{"ZM":0.9}},"isVote":1,"tweetType":1,"viewCount":1711,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":601880308,"gmtCreate":1638507882298,"gmtModify":1638507882385,"author":{"id":"3579922554249988","authorId":"3579922554249988","name":"Portfolio50","avatar":"https://static.tigerbbs.com/3e41399b7d47310e4bf55e2a5917c9da","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579922554249988","authorIdStr":"3579922554249988"},"themes":[],"title":"","htmlText":"More delisting to come?&nbsp;&nbsp;","listText":"More delisting to come?&nbsp;&nbsp;","text":"More delisting to come?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/601880308","repostId":"1101828151","repostType":4,"repost":{"id":"1101828151","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":1638493297,"share":"https://www.laohunote.com/m/news/1101828151?lang=zh_CN&edition=full","pubTime":"2021-12-03 09:01","market":"us","language":"en","title":"DIDI prepares to delist from U.S. stocks and to list in Hong Kong.<blockquote>滴滴准备从美股退市，在香港上市。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1101828151","media":"Tiger Newspress","summary":"DIDI prepares to delist from U.S. stocks and to list in Hong Kong.\nDiDi Global Inc. (NYSE: DIDI), th","content":"<p>DIDI&nbsp;prepares to delist from U.S. stocks and&nbsp;to list in Hong Kong.</p><p><blockquote>滴滴准备从美股退市，在香港上市。</blockquote></p><p> DiDi Global Inc. (NYSE: DIDI), the world’s leading mobility technology platform, today announced that its board of directors (the “Board”) has authorized and supports the Company to undertake the necessary procedures and file the relevant application(s) for the delisting of the Company’s ADSs from the New York Stock Exchange, while ensuring that ADSs will be convertible into freely tradable shares of the Company on another internationally recognized stock exchange at the election of ADS holders.</p><p><blockquote>全球领先的出行技术平台滴滴全球有限公司（纽约证券交易所代码：DIDI）今天宣布，其董事会（“董事会”）已授权并支持公司采取必要程序并提交相关申请，将公司的美国存托凭证从纽约证券交易所退市，同时确保美国存托凭证持有人选举时，美国存托凭证可在另一家国际认可的证券交易所转换为公司可自由交易的股份。</blockquote></p><p> The Company will organize a shareholders meeting to vote on the above matter at an appropriate time in the future, following necessary procedures. The Board has also authorized the Company to pursue a listing of its class A ordinary shares on the Main Board of the Hong Kong Stock Exchange.</p><p><blockquote>公司将在未来适当的时候，按照必要的程序，组织股东大会对上述事项进行表决。董事会亦已授权本公司寻求将其A类普通股于香港联交所主板上市。</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>DIDI prepares to delist from U.S. stocks and to list in Hong Kong.<blockquote>滴滴准备从美股退市，在香港上市。</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\">\nDIDI prepares to delist from U.S. stocks and to list in Hong Kong.<blockquote>滴滴准备从美股退市，在香港上市。</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\">2021-12-03 09:01</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>DIDI&nbsp;prepares to delist from U.S. stocks and&nbsp;to list in Hong Kong.</p><p><blockquote>滴滴准备从美股退市，在香港上市。</blockquote></p><p> DiDi Global Inc. (NYSE: DIDI), the world’s leading mobility technology platform, today announced that its board of directors (the “Board”) has authorized and supports the Company to undertake the necessary procedures and file the relevant application(s) for the delisting of the Company’s ADSs from the New York Stock Exchange, while ensuring that ADSs will be convertible into freely tradable shares of the Company on another internationally recognized stock exchange at the election of ADS holders.</p><p><blockquote>全球领先的出行技术平台滴滴全球有限公司（纽约证券交易所代码：DIDI）今天宣布，其董事会（“董事会”）已授权并支持公司采取必要程序并提交相关申请，将公司的美国存托凭证从纽约证券交易所退市，同时确保美国存托凭证持有人选举时，美国存托凭证可在另一家国际认可的证券交易所转换为公司可自由交易的股份。</blockquote></p><p> The Company will organize a shareholders meeting to vote on the above matter at an appropriate time in the future, following necessary procedures. The Board has also authorized the Company to pursue a listing of its class A ordinary shares on the Main Board of the Hong Kong Stock Exchange.</p><p><blockquote>公司将在未来适当的时候，按照必要的程序，组织股东大会对上述事项进行表决。董事会亦已授权本公司寻求将其A类普通股于香港联交所主板上市。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DIDI":"滴滴(已退市)"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1101828151","content_text":"DIDI prepares to delist from U.S. stocks and to list in Hong Kong.\nDiDi Global Inc. (NYSE: DIDI), the world’s leading mobility technology platform, today announced that its board of directors (the “Board”) has authorized and supports the Company to undertake the necessary procedures and file the relevant application(s) for the delisting of the Company’s ADSs from the New York Stock Exchange, while ensuring that ADSs will be convertible into freely tradable shares of the Company on another internationally recognized stock exchange at the election of ADS holders.\nThe Company will organize a shareholders meeting to vote on the above matter at an appropriate time in the future, following necessary procedures. The Board has also authorized the Company to pursue a listing of its class A ordinary shares on the Main Board of the Hong Kong Stock Exchange.","news_type":1,"symbols_score_info":{"DIDI":0.9}},"isVote":1,"tweetType":1,"viewCount":1030,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":875328007,"gmtCreate":1637615783339,"gmtModify":1637615783530,"author":{"id":"3579922554249988","authorId":"3579922554249988","name":"Portfolio50","avatar":"https://static.tigerbbs.com/3e41399b7d47310e4bf55e2a5917c9da","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579922554249988","authorIdStr":"3579922554249988"},"themes":[],"title":"","htmlText":"Super!!","listText":"Super!!","text":"Super!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/875328007","repostId":"2185805567","repostType":2,"repost":{"id":"2185805567","kind":"highlight","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga Earnings","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1637618817,"share":"https://www.laohunote.com/m/news/2185805567?lang=zh_CN&edition=full","pubTime":"2021-11-23 06:06","market":"us","language":"en","title":"Zoom Reports Number Of Customers Contributing More Than $100,000 In TTM Revenue Up 94% Year Over Year<blockquote>Zoom 报告称，贡献超过 100,000 美元 TTM 收入的客户数量同比增长 94%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2185805567","media":"Benzinga Earnings","summary":"Zoom Reports Number Of Customers Contributing More Than $100,000 In TTM Revenue Up 94% Year Over Yea","content":"<p><html><body><a href=\"https://laohu8.com/S/ZM\">Zoom</a> Reports Number Of Customers Contributing More Than $100,000 In TTM Revenue Up 94% Year Over Year</p><p><blockquote><html><body><a href=\"https://laohu8.com/S/ZM\">缩放</a>报告 TTM 收入超过 100,000 美元的客户数量同比增长 94%</body></html></blockquote></p><p></body></html></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>Zoom Reports Number Of Customers Contributing More Than $100,000 In TTM Revenue Up 94% Year Over Year<blockquote>Zoom 报告称，贡献超过 100,000 美元 TTM 收入的客户数量同比增长 94%</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\">\nZoom Reports Number Of Customers Contributing More Than $100,000 In TTM Revenue Up 94% Year Over Year<blockquote>Zoom 报告称，贡献超过 100,000 美元 TTM 收入的客户数量同比增长 94%</blockquote>\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga Earnings </p>\n<p class=\"h-time smaller\">2021-11-23 06:06</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p><html><body><a href=\"https://laohu8.com/S/ZM\">Zoom</a> Reports Number Of Customers Contributing More Than $100,000 In TTM Revenue Up 94% Year Over Year</p><p><blockquote><html><body><a href=\"https://laohu8.com/S/ZM\">缩放</a>报告 TTM 收入超过 100,000 美元的客户数量同比增长 94%</body></html></blockquote></p><p></body></html></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ZM":"Zoom","CUBI":"Customers Bancorp Inc."},"source_url":"https://www.benzinga.com/news/earnings/21/11/24236863/zoom-reports-number-of-customers-contributing-more-than-100-000-in-ttm-revenue-up-94-year-over-year","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2185805567","content_text":"Zoom Reports Number Of Customers Contributing More Than $100,000 In TTM Revenue Up 94% Year Over Year","news_type":1,"symbols_score_info":{"ZM":1,"CUBI":1}},"isVote":1,"tweetType":1,"viewCount":979,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":875321419,"gmtCreate":1637615747869,"gmtModify":1637615747990,"author":{"id":"3579922554249988","authorId":"3579922554249988","name":"Portfolio50","avatar":"https://static.tigerbbs.com/3e41399b7d47310e4bf55e2a5917c9da","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579922554249988","authorIdStr":"3579922554249988"},"themes":[],"title":"","htmlText":"Perfect!","listText":"Perfect!","text":"Perfect!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/875321419","repostId":"2185566805","repostType":2,"repost":{"id":"2185566805","kind":"highlight","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga Earnings","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1637618760,"share":"https://www.laohunote.com/m/news/2185566805?lang=zh_CN&edition=full","pubTime":"2021-11-23 06:06","market":"us","language":"en","title":"Zoom Video Communications Q3 EPS $1.11 Beats $1.09 Estimate, Sales $1.05B Beat $1.02B Estimate<blockquote>Zoom Video通信第三季度每股收益 $1.11，超出预期 $1.09，销售额 $1.05B，超出预期 $1.02B</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2185566805","media":"Benzinga Earnings","summary":"Zoom Video Communications (NASDAQ:ZM) reported quarterly earnings of $1.11 per share which beat the analyst consensus estimate of $1.09 by 1.83 percent. This is a 12.12 percent increase over earnings of $0.99 per share","content":"<p><html><body><a href=\"https://laohu8.com/S/ZM\">Zoom</a> Video Communications (NASDAQ:ZM) reported quarterly earnings of $1.11 per share which beat the analyst consensus estimate of $1.09 by 1.83 percent. This is a 12.12 percent increase over earnings of $0.99 per share from the same period last year.  The company reported quarterly sales of $1.05 billion which beat the analyst consensus estimate of $1.02 billion by 3.02 percent.  This is a 35.20 percent increase over sales of $777.20 million the same period last year.</p><p><blockquote><html><body><a href=\"https://laohu8.com/S/ZM\">缩放</a>视频通信公司（纳斯达克股票代码：ZM）公布的季度收益为每股 1.11 美元，比分析师普遍预期的 1.09 美元高出 1.83%。这比去年同期每股收益 0.99 美元增长了 12.12%。该公司公布季度销售额为10.5亿美元，比分析师普遍预期的10.2亿美元高出3.02%。这比去年同期 7.772 亿美元的销售额增长了 35.20%。</body></html></blockquote></p><p></body></html></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>Zoom Video Communications Q3 EPS $1.11 Beats $1.09 Estimate, Sales $1.05B Beat $1.02B Estimate<blockquote>Zoom Video通信第三季度每股收益 $1.11，超出预期 $1.09，销售额 $1.05B，超出预期 $1.02B</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\">\nZoom Video Communications Q3 EPS $1.11 Beats $1.09 Estimate, Sales $1.05B Beat $1.02B Estimate<blockquote>Zoom Video通信第三季度每股收益 $1.11，超出预期 $1.09，销售额 $1.05B，超出预期 $1.02B</blockquote>\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga Earnings </p>\n<p class=\"h-time smaller\">2021-11-23 06:06</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p><html><body><a href=\"https://laohu8.com/S/ZM\">Zoom</a> Video Communications (NASDAQ:ZM) reported quarterly earnings of $1.11 per share which beat the analyst consensus estimate of $1.09 by 1.83 percent. This is a 12.12 percent increase over earnings of $0.99 per share from the same period last year.  The company reported quarterly sales of $1.05 billion which beat the analyst consensus estimate of $1.02 billion by 3.02 percent.  This is a 35.20 percent increase over sales of $777.20 million the same period last year.</p><p><blockquote><html><body><a href=\"https://laohu8.com/S/ZM\">缩放</a>视频通信公司（纳斯达克股票代码：ZM）公布的季度收益为每股 1.11 美元，比分析师普遍预期的 1.09 美元高出 1.83%。这比去年同期每股收益 0.99 美元增长了 12.12%。该公司公布季度销售额为10.5亿美元，比分析师普遍预期的10.2亿美元高出3.02%。这比去年同期 7.772 亿美元的销售额增长了 35.20%。</body></html></blockquote></p><p></body></html></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ZM":"Zoom"},"source_url":"https://www.benzinga.com/news/earnings/21/11/24236825/zoom-video-communications-q3-eps-1-11-beats-1-09-estimate-sales-1-05b-beat-1-02b-estimate","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2185566805","content_text":"Zoom Video Communications (NASDAQ:ZM) reported quarterly earnings of $1.11 per share which beat the analyst consensus estimate of $1.09 by 1.83 percent. This is a 12.12 percent increase over earnings of $0.99 per share from the same period last year.  The company reported quarterly sales of $1.05 billion which beat the analyst consensus estimate of $1.02 billion by 3.02 percent.  This is a 35.20 percent increase over sales of $777.20 million the same period last year.","news_type":1,"symbols_score_info":{"ZM":1,"JCS":1}},"isVote":1,"tweetType":1,"viewCount":938,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":872784369,"gmtCreate":1637575437958,"gmtModify":1637575438089,"author":{"id":"3579922554249988","authorId":"3579922554249988","name":"Portfolio50","avatar":"https://static.tigerbbs.com/3e41399b7d47310e4bf55e2a5917c9da","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579922554249988","authorIdStr":"3579922554249988"},"themes":[],"title":"","htmlText":"These experts recommend a buy but did they buy? Institutions holdings have been dropping!","listText":"These experts recommend a buy but did they buy? Institutions holdings have been dropping!","text":"These experts recommend a buy but did they buy? Institutions holdings have been dropping!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/872784369","repostId":"1192020197","repostType":2,"repost":{"id":"1192020197","kind":"news","pubTimestamp":1637559822,"share":"https://www.laohunote.com/m/news/1192020197?lang=zh_CN&edition=full","pubTime":"2021-11-22 13:43","market":"us","language":"en","title":"BABA Stock: Despite Earnings Miss, Experts See 54% Upside<blockquote>阿里巴巴股票：尽管盈利未达预期，但专家认为上涨空间仍为 54%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1192020197","media":"TheStreet","summary":"Chinese e-commerce giant Alibaba reported disappointing earnings on November 18. The stock reacted p","content":"<p>Chinese e-commerce giant Alibaba reported disappointing earnings on November 18. The stock reacted poorly, sinking 11%. However, Wall Street experts still believe that BABA is undervalued.</p><p><blockquote>中国电子商务巨头阿里巴巴-SW 11月18日公布了令人失望的财报。该股反应不佳，下跌11%。不过，华尔街专家仍认为阿里巴巴被低估。</blockquote></p><p> Alibabadisappointed on earnings day. On November 18, the Chinese e-commerce behemoth reported a revenue and EPS miss. The stock has been hurting badly throughout 2021 and is nearly 40% lower year-to-date.</p><p><blockquote>阿里巴巴在财报日感到失望。11 月 18 日，这家中国电子商务巨头报告收入和每股收益均未达预期。该股在 2021 年全年遭受重创，今年迄今已下跌近 40%。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c36e7c677aeece40f848878d4ce5194e\" tg-width=\"685\" tg-height=\"488\" referrerpolicy=\"no-referrer\"><span>Figure 1: Alibaba stock chart price year-to-date.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图 1：年初至今阿里巴巴-SW股票图表价格。</span></p></blockquote></p><p> However, Wall Street still sees BABA as a strong buy. After the release of the earnings report, at least three experts have weighed on Alibaba stock. Wall Street Memes takes a closer look at what experts have been saying after Alibaba earnings.</p><p><blockquote>然而，华尔街仍然将阿里巴巴视为强力买入。财报发布后，至少有三位专家对阿里巴巴-SW股票进行了权衡。华尔街模因仔细看看阿里巴巴-SW财报后专家们的言论。</blockquote></p><p> <b>September quarter’s big miss</b></p><p><blockquote><b>九月季度的大失误</b></blockquote></p><p> Alibaba&nbsp;reported&nbsp;September quarter earnings below Wall Street estimates. Earnings per share missed by $0.19 and revenue missed by $638.6 million. Not only did the company disappoint on fiscal Q2 results, but it also delivered soft guidance as well.</p><p><blockquote>阿里巴巴-SW公布的 9 月份季度收益低于华尔街预期。每股收益减少 0.19 美元，收入减少 6.386 亿美元。该公司不仅对第二财季业绩感到失望，而且还提供了软指引。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3c0700584bcc1964a4ab6d213b455924\" tg-width=\"912\" tg-height=\"394\" referrerpolicy=\"no-referrer\"><span>Figure 2: BABA EPS surprise &amp; estimates by quarter.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图 2：阿里巴巴每股收益惊喜及季度预测。</span></p></blockquote></p><p> Weaker-than-expected performance can be blamed on China’s economic&nbsp;slowdown&nbsp;during calendar Q3, in addition to issues like regulations around antitrust and data security. However, Daniel Zhang, Chairman and Chief Executive Officer of Alibaba Group,said&nbsp;that the longer-term growth goals remain on track.:</p><p><blockquote>业绩弱于预期可归咎于中国第三季度经济放缓，此外还有反垄断和数据安全法规等问题。不过，阿里巴巴-SW集团董事长兼首席执行官张勇表示，长期增长目标仍在轨道上：</blockquote></p><p>   “  <i>This quarter, Alibaba continued to firmly invest into our three strategic pillars of domestic consumption, globalization, and cloud computing to establish solid foundations for our long-term goal of sustainable growth in the future.”</i>  Alibaba’s gloomy view of macroeconomic conditions and the competitive landscape dictated its fiscal year 2022 revenue&nbsp;guidance&nbsp;of $145 billion (RMB930 billion). Alibaba now&nbsp;expects&nbsp;the top line to grow 20% to 23% year-over-year, quite a bit lower than pre-earnings consensus of 28.5%.</p><p><blockquote>“<i>本季度，阿里巴巴-SW继续坚定投资国内消费、全球化和云计算三大战略支柱，为我们未来可持续增长的长远目标奠定坚实基础。”</i>阿里巴巴-SW对宏观经济状况和竞争格局的悲观看法决定了其2022财年的收入指导为1450亿美元（9300亿元人民币）。阿里巴巴-SW目前预计营收同比增长 20% 至 23%，远低于财报前预期的 28.5%。</blockquote></p><p> <b>Experts are still bullish</b></p><p><blockquote><b>专家仍然看好</b></blockquote></p><p> Before the September quarter earnings season, sell-side consensus on BABA looked extremely bullish. Based on 22 analyst rating, the stock was considered a strong buy, with only one neutral and one sell recommendation.</p><p><blockquote>在 9 月份季度财报季之前，卖方对阿里巴巴的共识看起来极其乐观。根据 22 位分析师的评级，该股被认为是强力买入，只有一项中性建议和一项卖出建议。</blockquote></p><p> After the earnings report, at least three analysts have weighed on BABA stock. Despite all three having lowered their price targets, BABA still has an average projected price of $221.33 among these analysts, which represents 54% upside potential.</p><p><blockquote>财报发布后，至少有三位分析师对阿里巴巴股票进行了权衡。尽管这三家公司都下调了目标价，但这些分析师对阿里巴巴的平均预计价格仍为 221.33 美元，代表了 54% 的上涨潜力。</blockquote></p><p> CLSA analyst Elinor Leung maintained a buy recommendation on BABA and&nbsp;lowered&nbsp;the company’s price target to $250 from $273, for a still compelling 74% upside potential. The analyst sees September quarter results as disappointing, but also believes that the company’s strategic investments continue to improve.</p><p><blockquote>里昂证券分析师 Elinor Leung 维持对阿里巴巴的买入建议，并将该公司的目标价从 273 美元下调至 250 美元，其 74% 的上涨潜力仍然令人信服。这位分析师认为 9 月份的季度业绩令人失望，但也认为公司的战略投资将继续改善。</blockquote></p><p> Citigroup analyst Alicia Yap also&nbsp;lowered&nbsp;the research firm's price target on Alibaba to $234 from $240 for 63% gain potential, but kept a buy recommendation. Mrs. Yap was not surprised to see Alibaba’s miss, especially following a substantial slowdown in NBS retail data for the past two months.</p><p><blockquote>花旗集团分析师 Alicia Yap 还将该研究公司对阿里巴巴-SW的目标价从 240 美元下调至 234 美元，上涨潜力为 63%，但维持买入评级。叶女士对阿里巴巴-SW的失误并不感到惊讶，尤其是在过去两个月国家统计局零售数据大幅放缓之后。</blockquote></p><p> Lastly, Morgan Stanley analyst Gary Yu&nbsp;maintained&nbsp;his buy recommendation on BABA and set the upside opportunity at 25%. Alibaba’s fiscal 2022 revenue growth guidance cut to 20-23% led the analyst to revisit his model and de-risk the price target. The analyst also said:</p><p><blockquote>最后，摩根士丹利分析师 Gary Yu 维持对阿里巴巴的买入评级，并将上涨机会设定为 25%。阿里巴巴-SW将 2022 财年的收入增长指引下调至 20-23%，这促使这位分析师重新审视了他的模型，并降低了目标价的风险。该分析师还表示：</blockquote></p><p>   <i>\"We estimate that slightly less than half of the incremental change of RMB50-70 billion comes from lower customer management revenue (CMR) and some from China Retail Others, given lackluster consumption and competition. 3QF22 industry GMV is tracking only at single-digit growth. NBS online retail sales of goods grew 10.3% yoy in October while Tmall Double 11 GMV grew 8.5% yoy. With merchant support, therefore, we expect CMR to grow 4-5% yoy in 2HF22.”</i> </p><p><blockquote><i>“我们估计，鉴于消费低迷和竞争激烈，500-700亿元人民币的增量变化中，略低于一半来自客户管理收入（CMR）下降，部分来自中国零售其他收入。2022年第三季度行业GMV仅保持个位数增长。10月份，NBS网上商品零售额同比增长10.3%，而天猫双11 GMV同比增长8.5%。因此，在商家的支持下，我们预计 CMR 在 2022 年下半年同比增长 4-5%。”</i></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>BABA Stock: Despite Earnings Miss, Experts See 54% Upside<blockquote>阿里巴巴股票：尽管盈利未达预期，但专家认为上涨空间仍为 54%</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\">\nBABA Stock: Despite Earnings Miss, Experts See 54% Upside<blockquote>阿里巴巴股票：尽管盈利未达预期，但专家认为上涨空间仍为 54%</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">TheStreet</strong><span class=\"h-time small\">2021-11-22 13:43</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Chinese e-commerce giant Alibaba reported disappointing earnings on November 18. The stock reacted poorly, sinking 11%. However, Wall Street experts still believe that BABA is undervalued.</p><p><blockquote>中国电子商务巨头阿里巴巴-SW 11月18日公布了令人失望的财报。该股反应不佳，下跌11%。不过，华尔街专家仍认为阿里巴巴被低估。</blockquote></p><p> Alibabadisappointed on earnings day. On November 18, the Chinese e-commerce behemoth reported a revenue and EPS miss. The stock has been hurting badly throughout 2021 and is nearly 40% lower year-to-date.</p><p><blockquote>阿里巴巴在财报日感到失望。11 月 18 日，这家中国电子商务巨头报告收入和每股收益均未达预期。该股在 2021 年全年遭受重创，今年迄今已下跌近 40%。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c36e7c677aeece40f848878d4ce5194e\" tg-width=\"685\" tg-height=\"488\" referrerpolicy=\"no-referrer\"><span>Figure 1: Alibaba stock chart price year-to-date.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图 1：年初至今阿里巴巴-SW股票图表价格。</span></p></blockquote></p><p> However, Wall Street still sees BABA as a strong buy. After the release of the earnings report, at least three experts have weighed on Alibaba stock. Wall Street Memes takes a closer look at what experts have been saying after Alibaba earnings.</p><p><blockquote>然而，华尔街仍然将阿里巴巴视为强力买入。财报发布后，至少有三位专家对阿里巴巴-SW股票进行了权衡。华尔街模因仔细看看阿里巴巴-SW财报后专家们的言论。</blockquote></p><p> <b>September quarter’s big miss</b></p><p><blockquote><b>九月季度的大失误</b></blockquote></p><p> Alibaba&nbsp;reported&nbsp;September quarter earnings below Wall Street estimates. Earnings per share missed by $0.19 and revenue missed by $638.6 million. Not only did the company disappoint on fiscal Q2 results, but it also delivered soft guidance as well.</p><p><blockquote>阿里巴巴-SW公布的 9 月份季度收益低于华尔街预期。每股收益减少 0.19 美元，收入减少 6.386 亿美元。该公司不仅对第二财季业绩感到失望，而且还提供了软指引。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3c0700584bcc1964a4ab6d213b455924\" tg-width=\"912\" tg-height=\"394\" referrerpolicy=\"no-referrer\"><span>Figure 2: BABA EPS surprise &amp; estimates by quarter.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图 2：阿里巴巴每股收益惊喜及季度预测。</span></p></blockquote></p><p> Weaker-than-expected performance can be blamed on China’s economic&nbsp;slowdown&nbsp;during calendar Q3, in addition to issues like regulations around antitrust and data security. However, Daniel Zhang, Chairman and Chief Executive Officer of Alibaba Group,said&nbsp;that the longer-term growth goals remain on track.:</p><p><blockquote>业绩弱于预期可归咎于中国第三季度经济放缓，此外还有反垄断和数据安全法规等问题。不过，阿里巴巴-SW集团董事长兼首席执行官张勇表示，长期增长目标仍在轨道上：</blockquote></p><p>   “  <i>This quarter, Alibaba continued to firmly invest into our three strategic pillars of domestic consumption, globalization, and cloud computing to establish solid foundations for our long-term goal of sustainable growth in the future.”</i>  Alibaba’s gloomy view of macroeconomic conditions and the competitive landscape dictated its fiscal year 2022 revenue&nbsp;guidance&nbsp;of $145 billion (RMB930 billion). Alibaba now&nbsp;expects&nbsp;the top line to grow 20% to 23% year-over-year, quite a bit lower than pre-earnings consensus of 28.5%.</p><p><blockquote>“<i>本季度，阿里巴巴-SW继续坚定投资国内消费、全球化和云计算三大战略支柱，为我们未来可持续增长的长远目标奠定坚实基础。”</i>阿里巴巴-SW对宏观经济状况和竞争格局的悲观看法决定了其2022财年的收入指导为1450亿美元（9300亿元人民币）。阿里巴巴-SW目前预计营收同比增长 20% 至 23%，远低于财报前预期的 28.5%。</blockquote></p><p> <b>Experts are still bullish</b></p><p><blockquote><b>专家仍然看好</b></blockquote></p><p> Before the September quarter earnings season, sell-side consensus on BABA looked extremely bullish. Based on 22 analyst rating, the stock was considered a strong buy, with only one neutral and one sell recommendation.</p><p><blockquote>在 9 月份季度财报季之前，卖方对阿里巴巴的共识看起来极其乐观。根据 22 位分析师的评级，该股被认为是强力买入，只有一项中性建议和一项卖出建议。</blockquote></p><p> After the earnings report, at least three analysts have weighed on BABA stock. Despite all three having lowered their price targets, BABA still has an average projected price of $221.33 among these analysts, which represents 54% upside potential.</p><p><blockquote>财报发布后，至少有三位分析师对阿里巴巴股票进行了权衡。尽管这三家公司都下调了目标价，但这些分析师对阿里巴巴的平均预计价格仍为 221.33 美元，代表了 54% 的上涨潜力。</blockquote></p><p> CLSA analyst Elinor Leung maintained a buy recommendation on BABA and&nbsp;lowered&nbsp;the company’s price target to $250 from $273, for a still compelling 74% upside potential. The analyst sees September quarter results as disappointing, but also believes that the company’s strategic investments continue to improve.</p><p><blockquote>里昂证券分析师 Elinor Leung 维持对阿里巴巴的买入建议，并将该公司的目标价从 273 美元下调至 250 美元，其 74% 的上涨潜力仍然令人信服。这位分析师认为 9 月份的季度业绩令人失望，但也认为公司的战略投资将继续改善。</blockquote></p><p> Citigroup analyst Alicia Yap also&nbsp;lowered&nbsp;the research firm's price target on Alibaba to $234 from $240 for 63% gain potential, but kept a buy recommendation. Mrs. Yap was not surprised to see Alibaba’s miss, especially following a substantial slowdown in NBS retail data for the past two months.</p><p><blockquote>花旗集团分析师 Alicia Yap 还将该研究公司对阿里巴巴-SW的目标价从 240 美元下调至 234 美元，上涨潜力为 63%，但维持买入评级。叶女士对阿里巴巴-SW的失误并不感到惊讶，尤其是在过去两个月国家统计局零售数据大幅放缓之后。</blockquote></p><p> Lastly, Morgan Stanley analyst Gary Yu&nbsp;maintained&nbsp;his buy recommendation on BABA and set the upside opportunity at 25%. Alibaba’s fiscal 2022 revenue growth guidance cut to 20-23% led the analyst to revisit his model and de-risk the price target. The analyst also said:</p><p><blockquote>最后，摩根士丹利分析师 Gary Yu 维持对阿里巴巴的买入评级，并将上涨机会设定为 25%。阿里巴巴-SW将 2022 财年的收入增长指引下调至 20-23%，这促使这位分析师重新审视了他的模型，并降低了目标价的风险。该分析师还表示：</blockquote></p><p>   <i>\"We estimate that slightly less than half of the incremental change of RMB50-70 billion comes from lower customer management revenue (CMR) and some from China Retail Others, given lackluster consumption and competition. 3QF22 industry GMV is tracking only at single-digit growth. NBS online retail sales of goods grew 10.3% yoy in October while Tmall Double 11 GMV grew 8.5% yoy. With merchant support, therefore, we expect CMR to grow 4-5% yoy in 2HF22.”</i> </p><p><blockquote><i>“我们估计，鉴于消费低迷和竞争激烈，500-700亿元人民币的增量变化中，略低于一半来自客户管理收入（CMR）下降，部分来自中国零售其他收入。2022年第三季度行业GMV仅保持个位数增长。10月份，NBS网上商品零售额同比增长10.3%，而天猫双11 GMV同比增长8.5%。因此，在商家的支持下，我们预计 CMR 在 2022 年下半年同比增长 4-5%。”</i></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.thestreet.com/memestocks/other-memes/baba-stock-despite-earnings-miss-experts-see-54-upside\">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":{"09988":"阿里巴巴-W","BABA":"阿里巴巴"},"source_url":"https://www.thestreet.com/memestocks/other-memes/baba-stock-despite-earnings-miss-experts-see-54-upside","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1192020197","content_text":"Chinese e-commerce giant Alibaba reported disappointing earnings on November 18. The stock reacted poorly, sinking 11%. However, Wall Street experts still believe that BABA is undervalued.\nAlibabadisappointed on earnings day. On November 18, the Chinese e-commerce behemoth reported a revenue and EPS miss. The stock has been hurting badly throughout 2021 and is nearly 40% lower year-to-date.\nFigure 1: Alibaba stock chart price year-to-date.\nHowever, Wall Street still sees BABA as a strong buy. After the release of the earnings report, at least three experts have weighed on Alibaba stock. Wall Street Memes takes a closer look at what experts have been saying after Alibaba earnings.\nSeptember quarter’s big miss\nAlibaba reported September quarter earnings below Wall Street estimates. Earnings per share missed by $0.19 and revenue missed by $638.6 million. Not only did the company disappoint on fiscal Q2 results, but it also delivered soft guidance as well.\nFigure 2: BABA EPS surprise & estimates by quarter.\nWeaker-than-expected performance can be blamed on China’s economic slowdown during calendar Q3, in addition to issues like regulations around antitrust and data security. However, Daniel Zhang, Chairman and Chief Executive Officer of Alibaba Group,said that the longer-term growth goals remain on track.:\n\n “\n This quarter, Alibaba continued to firmly invest into our three strategic pillars of domestic consumption, globalization, and cloud computing to establish solid foundations for our long-term goal of sustainable growth in the future.”\n\nAlibaba’s gloomy view of macroeconomic conditions and the competitive landscape dictated its fiscal year 2022 revenue guidance of $145 billion (RMB930 billion). Alibaba now expects the top line to grow 20% to 23% year-over-year, quite a bit lower than pre-earnings consensus of 28.5%.\nExperts are still bullish\nBefore the September quarter earnings season, sell-side consensus on BABA looked extremely bullish. Based on 22 analyst rating, the stock was considered a strong buy, with only one neutral and one sell recommendation.\nAfter the earnings report, at least three analysts have weighed on BABA stock. Despite all three having lowered their price targets, BABA still has an average projected price of $221.33 among these analysts, which represents 54% upside potential.\nCLSA analyst Elinor Leung maintained a buy recommendation on BABA and lowered the company’s price target to $250 from $273, for a still compelling 74% upside potential. The analyst sees September quarter results as disappointing, but also believes that the company’s strategic investments continue to improve.\nCitigroup analyst Alicia Yap also lowered the research firm's price target on Alibaba to $234 from $240 for 63% gain potential, but kept a buy recommendation. Mrs. Yap was not surprised to see Alibaba’s miss, especially following a substantial slowdown in NBS retail data for the past two months.\nLastly, Morgan Stanley analyst Gary Yu maintained his buy recommendation on BABA and set the upside opportunity at 25%. Alibaba’s fiscal 2022 revenue growth guidance cut to 20-23% led the analyst to revisit his model and de-risk the price target. The analyst also said:\n\n\"We estimate that slightly less than half of the incremental change of RMB50-70 billion comes from lower customer management revenue (CMR) and some from China Retail Others, given lackluster consumption and competition. 3QF22 industry GMV is tracking only at single-digit growth. NBS online retail sales of goods grew 10.3% yoy in October while Tmall Double 11 GMV grew 8.5% yoy. With merchant support, therefore, we expect CMR to grow 4-5% yoy in 2HF22.”","news_type":1,"symbols_score_info":{"09988":0.9,"BABA":0.9}},"isVote":1,"tweetType":1,"viewCount":1221,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":878815041,"gmtCreate":1637165101191,"gmtModify":1637165101332,"author":{"id":"3579922554249988","authorId":"3579922554249988","name":"Portfolio50","avatar":"https://static.tigerbbs.com/3e41399b7d47310e4bf55e2a5917c9da","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579922554249988","authorIdStr":"3579922554249988"},"themes":[],"title":"","htmlText":"Poor thing. Gonna observe a little more before putting in a trade.&nbsp;","listText":"Poor thing. Gonna observe a little more before putting in a trade.&nbsp;","text":"Poor thing. Gonna observe a little more before putting in a trade.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/878815041","repostId":"1110929194","repostType":4,"repost":{"id":"1110929194","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":1637161269,"share":"https://www.laohunote.com/m/news/1110929194?lang=zh_CN&edition=full","pubTime":"2021-11-17 23:01","market":"us","language":"en","title":"Roku fell over 9% in morning trading as MoffettNathanso downgraded it to \"sell\"<blockquote>Roku早盘交易中下跌超过 9%，MoffettNathanso 将其评级下调至“卖出”</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1110929194","media":"Tiger Newspress","summary":"Roku fell over 9% in morning trading as MoffettNathanso downgraded it to \"sell\".MoffettNathanson low","content":"<p>Roku fell over&nbsp;9% in morning trading as MoffettNathanso downgraded it to \"sell\".<img src=\"https://static.tigerbbs.com/7c53cf264c650f0a708ee58657ea62f2\" tg-width=\"777\" tg-height=\"562\" width=\"100%\" height=\"auto\">MoffettNathanson lowered its forecast for Roku (ROKU.US) video advertising revenue, and lowered its rating from \"neutral\" to \"sell\" and its target price from $330 to $220.</p><p><blockquote>Roku在早盘交易中下跌超过 9%，MoffettNathanso 将其评级下调至“卖出”。MoffettNathanson下调了对Roku(ROKU.US)视频广告收入的预期，将评级从“中性”下调至“卖出”，目标价从330美元下调至220美元。</blockquote></p><p> It&nbsp;said that in order to better evaluate the estimation of video advertising, the agency tried to separate Roku channel from the third-party advertising revenue of the platform, with competitors Pluto andTubiCompare and estimate Roku's advertising revenue from its mainly ad-based video-on-demand (AVOD) service on its platform.</p><p><blockquote>它表示，为了更好地评估视频广告的估算，该机构试图将Roku频道从平台的第三方广告收入中分离出来，与竞争对手Pluto和TubiCompare比较并估算Roku的广告收入来自其平台上主要基于广告的视频点播（AVOD）服务。</blockquote></p><p> Nathanson said: \"However, we found that some of the unidentifiable advertising revenue came from the long tail video content of the third-party service on Roku, and the advertising revenue was huge and growing rapidly. Because we believe that ratings and advertising spending will consolidate leading streaming services. Therefore, we reduced the company's total video advertising revenue forecast for 2025 by 24% to reflect the expected slowdown in advertising growth caused by the third-party service Long Tail Content on Roku. \"</p><p><blockquote>Nathanson表示：“然而，我们发现部分无法识别的广告收入来自Roku上第三方服务的长尾视频内容，而且广告收入巨大且增长迅速。因为我们相信收视率和广告支出将巩固领先的流媒体服务。因此，我们将公司2025年的视频广告总收入预测下调了24%，以反映Roku上第三方服务长尾内容导致的广告增长预期放缓。”</blockquote></p><p> In addition, the analyst also cut Roku's total revenue by 17% in 2025.</p><p><blockquote>此外，该分析师还将 Roku 2025 年的总收入下调了 17%。</blockquote></p><p> Nathanson added that Roku still needs to continue to invest in content to remain competitive, and does not expect the company to have meaningful profit margin leverage in the next few years</p><p><blockquote>Nathanson补充说，Roku仍然需要继续投资内容以保持竞争力，并且预计该公司在未来几年不会有有意义的利润率杠杆</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>Roku fell over 9% in morning trading as MoffettNathanso downgraded it to \"sell\"<blockquote>Roku早盘交易中下跌超过 9%，MoffettNathanso 将其评级下调至“卖出”</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\">\nRoku fell over 9% in morning trading as MoffettNathanso downgraded it to \"sell\"<blockquote>Roku早盘交易中下跌超过 9%，MoffettNathanso 将其评级下调至“卖出”</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\">2021-11-17 23:01</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Roku fell over&nbsp;9% in morning trading as MoffettNathanso downgraded it to \"sell\".<img src=\"https://static.tigerbbs.com/7c53cf264c650f0a708ee58657ea62f2\" tg-width=\"777\" tg-height=\"562\" width=\"100%\" height=\"auto\">MoffettNathanson lowered its forecast for Roku (ROKU.US) video advertising revenue, and lowered its rating from \"neutral\" to \"sell\" and its target price from $330 to $220.</p><p><blockquote>Roku在早盘交易中下跌超过 9%，MoffettNathanso 将其评级下调至“卖出”。MoffettNathanson下调了对Roku(ROKU.US)视频广告收入的预期，将评级从“中性”下调至“卖出”，目标价从330美元下调至220美元。</blockquote></p><p> It&nbsp;said that in order to better evaluate the estimation of video advertising, the agency tried to separate Roku channel from the third-party advertising revenue of the platform, with competitors Pluto andTubiCompare and estimate Roku's advertising revenue from its mainly ad-based video-on-demand (AVOD) service on its platform.</p><p><blockquote>它表示，为了更好地评估视频广告的估算，该机构试图将Roku频道从平台的第三方广告收入中分离出来，与竞争对手Pluto和TubiCompare比较并估算Roku的广告收入来自其平台上主要基于广告的视频点播（AVOD）服务。</blockquote></p><p> Nathanson said: \"However, we found that some of the unidentifiable advertising revenue came from the long tail video content of the third-party service on Roku, and the advertising revenue was huge and growing rapidly. Because we believe that ratings and advertising spending will consolidate leading streaming services. Therefore, we reduced the company's total video advertising revenue forecast for 2025 by 24% to reflect the expected slowdown in advertising growth caused by the third-party service Long Tail Content on Roku. \"</p><p><blockquote>Nathanson表示：“然而，我们发现部分无法识别的广告收入来自Roku上第三方服务的长尾视频内容，而且广告收入巨大且增长迅速。因为我们相信收视率和广告支出将巩固领先的流媒体服务。因此，我们将公司2025年的视频广告总收入预测下调了24%，以反映Roku上第三方服务长尾内容导致的广告增长预期放缓。”</blockquote></p><p> In addition, the analyst also cut Roku's total revenue by 17% in 2025.</p><p><blockquote>此外，该分析师还将 Roku 2025 年的总收入下调了 17%。</blockquote></p><p> Nathanson added that Roku still needs to continue to invest in content to remain competitive, and does not expect the company to have meaningful profit margin leverage in the next few years</p><p><blockquote>Nathanson补充说，Roku仍然需要继续投资内容以保持竞争力，并且预计该公司在未来几年不会有有意义的利润率杠杆</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ROKU":"Roku Inc"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1110929194","content_text":"Roku fell over 9% in morning trading as MoffettNathanso downgraded it to \"sell\".MoffettNathanson lowered its forecast for Roku (ROKU.US) video advertising revenue, and lowered its rating from \"neutral\" to \"sell\" and its target price from $330 to $220.\nIt said that in order to better evaluate the estimation of video advertising, the agency tried to separate Roku channel from the third-party advertising revenue of the platform, with competitors Pluto andTubiCompare and estimate Roku's advertising revenue from its mainly ad-based video-on-demand (AVOD) service on its platform.\nNathanson said: \"However, we found that some of the unidentifiable advertising revenue came from the long tail video content of the third-party service on Roku, and the advertising revenue was huge and growing rapidly. Because we believe that ratings and advertising spending will consolidate leading streaming services. Therefore, we reduced the company's total video advertising revenue forecast for 2025 by 24% to reflect the expected slowdown in advertising growth caused by the third-party service Long Tail Content on Roku. \"\nIn addition, the analyst also cut Roku's total revenue by 17% in 2025.\nNathanson added that Roku still needs to continue to invest in content to remain competitive, and does not expect the company to have meaningful profit margin leverage in the next few years","news_type":1,"symbols_score_info":{"ROKU":0.9}},"isVote":1,"tweetType":1,"viewCount":920,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"hots":[{"id":891444872,"gmtCreate":1628419044996,"gmtModify":1633747227675,"author":{"id":"3579922554249988","authorId":"3579922554249988","name":"Portfolio50","avatar":"https://static.tigerbbs.com/3e41399b7d47310e4bf55e2a5917c9da","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3579922554249988","idStr":"3579922554249988"},"themes":[],"title":"","htmlText":"Slow and steady wins the race","listText":"Slow and steady wins the race","text":"Slow and steady wins the race","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/891444872","repostId":"1139912651","repostType":4,"isVote":1,"tweetType":1,"viewCount":434,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":824361639,"gmtCreate":1634280447828,"gmtModify":1634280447951,"author":{"id":"3579922554249988","authorId":"3579922554249988","name":"Portfolio50","avatar":"https://static.tigerbbs.com/3e41399b7d47310e4bf55e2a5917c9da","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3579922554249988","idStr":"3579922554249988"},"themes":[],"title":"","htmlText":"Looks like another headwind for Coinbase ....","listText":"Looks like another headwind for Coinbase ....","text":"Looks like another headwind for Coinbase ....","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/824361639","repostId":"1175281678","repostType":4,"repost":{"id":"1175281678","kind":"news","pubTimestamp":1634275327,"share":"https://www.laohunote.com/m/news/1175281678?lang=zh_CN&edition=full","pubTime":"2021-10-15 13:22","market":"fut","language":"en","title":"Bitcoin nears $60,000 as investors eye first U.S. ETFs<blockquote>投资者关注首批美国 ETF，比特币接近 60,000 美元</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1175281678","media":"Reuters","summary":"(Reuters) -Bitcoin hit a six-month high on Friday, approaching the record hit in April, as traders b","content":"<p>(Reuters) -Bitcoin hit a six-month high on Friday, approaching the record hit in April, as traders became increasingly confident that U.S. regulators would approve the launch of an exchange-traded fund based on its futures contracts.</p><p><blockquote>（路透社） - 比特币周五触及六个月高点，接近4月份创下的纪录，因交易员越来越相信美国监管机构将批准推出基于其期货合约的交易所交易基金。</blockquote></p><p> The world’s biggest cryptocurrency rose nearly 4% to as high as $59,664, its highest since mid-April. It has doubled in value this year and is near April’s record high of $64,895.</p><p><blockquote>全球最大的加密货币上涨近 4%，高达 59,664 美元，为 4 月中旬以来的最高值。今年它的价值翻了一番，接近 4 月份创下的 64,895 美元的历史新高。</blockquote></p><p> The U.S. Securities and Exchange Commission (SEC) is poised to allow the first U.S. bitcoin futures ETF to begin trading next week, Bloomberg News reported on Thursday, citing people familiar with the matter.</p><p><blockquote>彭博新闻社周四援引知情人士的话报道称，美国证券交易委员会（SEC）准备允许首只美国比特币期货ETF于下周开始交易。</blockquote></p><p> Ben Caselin, head of research and strategy at Asia-based cryptocurrency exchange AAX, said bitcoin’s spike above $59,000 wasn’t arbitrary and long-term investors had been accumulating it for a while.</p><p><blockquote>亚洲加密货币交易所 AAX 的研究与战略主管本-卡塞林（Ben Caselin）说，比特币价格飙升至 5.9 万美元以上并非任意之举，长期投资者已经积累了一段时间。</blockquote></p><p> “It is widely expected that Q4 will see significant progress around a bitcoin ETF in the U.S.,” he said.</p><p><blockquote>“他说：”人们普遍预计，第四季度美国比特币ETF将取得重大进展。</blockquote></p><p> Friday’s moves were also spurred by a tweet from the SEC’s investor education office, he said.</p><p><blockquote>他说，周五的举措也是由美国证券交易委员会投资者教育办公室的一条推文推动的。</blockquote></p><p> \"Before investing in a fund that holds Bitcoin futures contracts, make sure you carefully weigh the potential risks and benefits,\" the SEC tweet&nbsp;here&nbsp;stated.</p><p><blockquote>美国证券交易委员会在推特上表示：“在投资持有比特币期货合约的基金之前，请务必仔细权衡潜在的风险和收益。”</blockquote></p><p> Cryptocurrency investors have been waiting for news of approval of the country’s first bitcoin ETF, and some of bitcoin’s rally in recent months has been in anticipation of that move and how it could speed up its mainstream adoption and trading.</p><p><blockquote>加密货币投资者一直在等待该国首只比特币 ETF 获批的消息，比特币近几个月的反弹部分原因是对这一举措及其如何加快其主流采用和交易的预期。</blockquote></p><p> Several fund managers, including the VanEck Bitcoin Trust, ProShares, Invesco, Valkyrie and Galaxy Digital Funds have applied to launch bitcoin ETFs in the United States. Cryptocurrency ETFs have been launched this year in Canada and Europe.</p><p><blockquote>包括 VanEck 比特币信托基金、ProShares、Invesco、Valkyrie 和 Galaxy Digital Funds 在内的多家基金管理公司已申请在美国推出比特币 ETF。加密货币ETF今年已在加拿大和欧洲推出。</blockquote></p><p> SEC Chair Gary Gensler has previously said the crypto market involves many tokens which may be unregistered securities and leaves prices open to manipulation and millions of investors vulnerable to risks.</p><p><blockquote>SEC 主席加里·詹斯勒 (Gary Gensler) 此前曾表示，加密货币市场涉及许多代币，这些代币可能是未注册的证券，价格容易受到操纵，数百万投资者容易受到风险影响。</blockquote></p><p> The Bloomberg report said that the proposals by ProShares and Invesco are based on futures contracts and were filed under mutual fund rules that Gensler has said provide “significant investor protections”.</p><p><blockquote>彭博社的报道称，ProShares 和 Invesco 的提案是基于期货合约，是根据共同基金规则提交的，Gensler 称这些规则提供了 “重要的投资者保护”。</blockquote></p><p> The SEC did not immediately respond to a request for comment on the Bloomberg report.</p><p><blockquote>美国证券交易委员会没有立即回应对彭博社报道的置评请求。</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>Bitcoin nears $60,000 as investors eye first U.S. ETFs<blockquote>投资者关注首批美国 ETF，比特币接近 60,000 美元</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin nears $60,000 as investors eye first U.S. ETFs<blockquote>投资者关注首批美国 ETF，比特币接近 60,000 美元</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Reuters</strong><span class=\"h-time small\">2021-10-15 13:22</span>\n</p>\n</h4>\n</header>\n<article>\n<p>(Reuters) -Bitcoin hit a six-month high on Friday, approaching the record hit in April, as traders became increasingly confident that U.S. regulators would approve the launch of an exchange-traded fund based on its futures contracts.</p><p><blockquote>（路透社） - 比特币周五触及六个月高点，接近4月份创下的纪录，因交易员越来越相信美国监管机构将批准推出基于其期货合约的交易所交易基金。</blockquote></p><p> The world’s biggest cryptocurrency rose nearly 4% to as high as $59,664, its highest since mid-April. It has doubled in value this year and is near April’s record high of $64,895.</p><p><blockquote>全球最大的加密货币上涨近 4%，高达 59,664 美元，为 4 月中旬以来的最高值。今年它的价值翻了一番，接近 4 月份创下的 64,895 美元的历史新高。</blockquote></p><p> The U.S. Securities and Exchange Commission (SEC) is poised to allow the first U.S. bitcoin futures ETF to begin trading next week, Bloomberg News reported on Thursday, citing people familiar with the matter.</p><p><blockquote>彭博新闻社周四援引知情人士的话报道称，美国证券交易委员会（SEC）准备允许首只美国比特币期货ETF于下周开始交易。</blockquote></p><p> Ben Caselin, head of research and strategy at Asia-based cryptocurrency exchange AAX, said bitcoin’s spike above $59,000 wasn’t arbitrary and long-term investors had been accumulating it for a while.</p><p><blockquote>亚洲加密货币交易所 AAX 的研究与战略主管本-卡塞林（Ben Caselin）说，比特币价格飙升至 5.9 万美元以上并非任意之举，长期投资者已经积累了一段时间。</blockquote></p><p> “It is widely expected that Q4 will see significant progress around a bitcoin ETF in the U.S.,” he said.</p><p><blockquote>“他说：”人们普遍预计，第四季度美国比特币ETF将取得重大进展。</blockquote></p><p> Friday’s moves were also spurred by a tweet from the SEC’s investor education office, he said.</p><p><blockquote>他说，周五的举措也是由美国证券交易委员会投资者教育办公室的一条推文推动的。</blockquote></p><p> \"Before investing in a fund that holds Bitcoin futures contracts, make sure you carefully weigh the potential risks and benefits,\" the SEC tweet&nbsp;here&nbsp;stated.</p><p><blockquote>美国证券交易委员会在推特上表示：“在投资持有比特币期货合约的基金之前，请务必仔细权衡潜在的风险和收益。”</blockquote></p><p> Cryptocurrency investors have been waiting for news of approval of the country’s first bitcoin ETF, and some of bitcoin’s rally in recent months has been in anticipation of that move and how it could speed up its mainstream adoption and trading.</p><p><blockquote>加密货币投资者一直在等待该国首只比特币 ETF 获批的消息，比特币近几个月的反弹部分原因是对这一举措及其如何加快其主流采用和交易的预期。</blockquote></p><p> Several fund managers, including the VanEck Bitcoin Trust, ProShares, Invesco, Valkyrie and Galaxy Digital Funds have applied to launch bitcoin ETFs in the United States. Cryptocurrency ETFs have been launched this year in Canada and Europe.</p><p><blockquote>包括 VanEck 比特币信托基金、ProShares、Invesco、Valkyrie 和 Galaxy Digital Funds 在内的多家基金管理公司已申请在美国推出比特币 ETF。加密货币ETF今年已在加拿大和欧洲推出。</blockquote></p><p> SEC Chair Gary Gensler has previously said the crypto market involves many tokens which may be unregistered securities and leaves prices open to manipulation and millions of investors vulnerable to risks.</p><p><blockquote>SEC 主席加里·詹斯勒 (Gary Gensler) 此前曾表示，加密货币市场涉及许多代币，这些代币可能是未注册的证券，价格容易受到操纵，数百万投资者容易受到风险影响。</blockquote></p><p> The Bloomberg report said that the proposals by ProShares and Invesco are based on futures contracts and were filed under mutual fund rules that Gensler has said provide “significant investor protections”.</p><p><blockquote>彭博社的报道称，ProShares 和 Invesco 的提案是基于期货合约，是根据共同基金规则提交的，Gensler 称这些规则提供了 “重要的投资者保护”。</blockquote></p><p> The SEC did not immediately respond to a request for comment on the Bloomberg report.</p><p><blockquote>美国证券交易委员会没有立即回应对彭博社报道的置评请求。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.reuters.com/article/fintech-crypto-etf/update-1-bitcoin-nears-60000-as-investors-eye-first-u-s-etfs-idUSL4N2RB0T4\">Reuters</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://www.reuters.com/article/fintech-crypto-etf/update-1-bitcoin-nears-60000-as-investors-eye-first-u-s-etfs-idUSL4N2RB0T4","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1175281678","content_text":"(Reuters) -Bitcoin hit a six-month high on Friday, approaching the record hit in April, as traders became increasingly confident that U.S. regulators would approve the launch of an exchange-traded fund based on its futures contracts.\nThe world’s biggest cryptocurrency rose nearly 4% to as high as $59,664, its highest since mid-April. It has doubled in value this year and is near April’s record high of $64,895.\nThe U.S. Securities and Exchange Commission (SEC) is poised to allow the first U.S. bitcoin futures ETF to begin trading next week, Bloomberg News reported on Thursday, citing people familiar with the matter.\nBen Caselin, head of research and strategy at Asia-based cryptocurrency exchange AAX, said bitcoin’s spike above $59,000 wasn’t arbitrary and long-term investors had been accumulating it for a while.\n“It is widely expected that Q4 will see significant progress around a bitcoin ETF in the U.S.,” he said.\nFriday’s moves were also spurred by a tweet from the SEC’s investor education office, he said.\n\"Before investing in a fund that holds Bitcoin futures contracts, make sure you carefully weigh the potential risks and benefits,\" the SEC tweet here stated.\nCryptocurrency investors have been waiting for news of approval of the country’s first bitcoin ETF, and some of bitcoin’s rally in recent months has been in anticipation of that move and how it could speed up its mainstream adoption and trading.\nSeveral fund managers, including the VanEck Bitcoin Trust, ProShares, Invesco, Valkyrie and Galaxy Digital Funds have applied to launch bitcoin ETFs in the United States. Cryptocurrency ETFs have been launched this year in Canada and Europe.\nSEC Chair Gary Gensler has previously said the crypto market involves many tokens which may be unregistered securities and leaves prices open to manipulation and millions of investors vulnerable to risks.\nThe Bloomberg report said that the proposals by ProShares and Invesco are based on futures contracts and were filed under mutual fund rules that Gensler has said provide “significant investor protections”.\nThe SEC did not immediately respond to a request for comment on the Bloomberg report.","news_type":1,"symbols_score_info":{"COIN":0.9}},"isVote":1,"tweetType":1,"viewCount":933,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":893314701,"gmtCreate":1628237801803,"gmtModify":1631883983339,"author":{"id":"3579922554249988","authorId":"3579922554249988","name":"Portfolio50","avatar":"https://static.tigerbbs.com/3e41399b7d47310e4bf55e2a5917c9da","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3579922554249988","idStr":"3579922554249988"},"themes":[],"title":"","htmlText":"Investment is about buying (a fraction of) a business and let compounding do its job.&nbsp; Just find good business to buy rather than chase after what stock&nbsp;is in rotation!&nbsp;&nbsp;","listText":"Investment is about buying (a fraction of) a business and let compounding do its job.&nbsp; Just find good business to buy rather than chase after what stock&nbsp;is in rotation!&nbsp;&nbsp;","text":"Investment is about buying (a fraction of) a business and let compounding do its job. Just find good business to buy rather than chase after what stock is in rotation!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/893314701","repostId":"1128779869","repostType":4,"isVote":1,"tweetType":1,"viewCount":545,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":604994947,"gmtCreate":1639299844403,"gmtModify":1639299844559,"author":{"id":"3579922554249988","authorId":"3579922554249988","name":"Portfolio50","avatar":"https://static.tigerbbs.com/3e41399b7d47310e4bf55e2a5917c9da","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3579922554249988","idStr":"3579922554249988"},"themes":[],"title":"","htmlText":"Do this at your own peril!","listText":"Do this at your own peril!","text":"Do this at your own peril!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/604994947","repostId":"2190679207","repostType":4,"isVote":1,"tweetType":1,"viewCount":953,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":828196420,"gmtCreate":1633858537441,"gmtModify":1633858537569,"author":{"id":"3579922554249988","authorId":"3579922554249988","name":"Portfolio50","avatar":"https://static.tigerbbs.com/3e41399b7d47310e4bf55e2a5917c9da","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3579922554249988","idStr":"3579922554249988"},"themes":[],"title":"","htmlText":"Wished you had explain why you think the supply chain issues will be resolved in 2022!","listText":"Wished you had explain why you think the supply chain issues will be resolved in 2022!","text":"Wished you had explain why you think the supply chain issues will be resolved in 2022!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/828196420","repostId":"1194780749","repostType":4,"isVote":1,"tweetType":1,"viewCount":492,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":830108975,"gmtCreate":1629021981597,"gmtModify":1631883982938,"author":{"id":"3579922554249988","authorId":"3579922554249988","name":"Portfolio50","avatar":"https://static.tigerbbs.com/3e41399b7d47310e4bf55e2a5917c9da","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3579922554249988","idStr":"3579922554249988"},"themes":[],"title":"","htmlText":"You can over pay for hype companies.&nbsp; Just look at Cisco. Never recovered from its heights despite multi years&nbsp;earnings&nbsp;growth.","listText":"You can over pay for hype companies.&nbsp; Just look at Cisco. Never recovered from its heights despite multi years&nbsp;earnings&nbsp;growth.","text":"You can over pay for hype companies. Just look at Cisco. Never recovered from its heights despite multi years earnings growth.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/830108975","repostId":"2159214569","repostType":4,"repost":{"id":"2159214569","kind":"highlight","pubTimestamp":1628989290,"share":"https://www.laohunote.com/m/news/2159214569?lang=zh_CN&edition=full","pubTime":"2021-08-15 09:01","market":"us","language":"en","title":"How to value Nio's stock compared to Tesla, VW, Ford and other rivals<blockquote>与特斯拉、大众、福特和其他竞争对手相比，如何评估蔚来的股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2159214569","media":"MarkeWatch","summary":"Nio may be a relatively small company. But investors are bullish on the Chinese electric-vehicle maker's prospects.That might make sense to you as an investor -- after all, Nio is an innovative company that sells only electric vehicles. Ford is a legacy auto maker that is working to catch up and eventually make a full transition to electric vehicles. Shares of Nio have more than tripled in the past year, while Ford's have almost doubled after cratering in the previous decade.So where does Nio $$","content":"<p>Nio may be a relatively small company. But investors are bullish on the Chinese electric-vehicle maker's prospects.</p><p><blockquote>蔚来可能是一家相对较小的公司。但投资者看好这家中国电动汽车制造商的前景。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/459f713c5dfcf08752165d643a5f1463\" tg-width=\"700\" tg-height=\"525\" width=\"100%\" height=\"auto\"><span>A Nio store in downtown Shanghai. (Getty Images)</span></p><p><blockquote><p class=\"t-img-caption\"><span>上海市区的一家蔚来商店。（盖蒂图片社）</span></p></blockquote></p><p> Chinese electric-vehicle maker Nio Inc., which sells no cars in the U.S., has a market capitalization of $60.2 billion. By that measure, it is larger than Ford Motor Co., which was founded in 1903.</p><p><blockquote>中国电动汽车制造商蔚来在美国不销售汽车，市值为 602 亿美元。按照这个标准，它比成立于1903年的福特汽车公司还要大。</blockquote></p><p> That might make sense to you as an investor -- after all, Nio is an innovative company that sells only electric vehicles. Ford is a legacy auto maker that is working to catch up and eventually make a full transition to electric vehicles. Shares of Nio have more than tripled in the past year, while Ford's have almost doubled after cratering in the previous decade.</p><p><blockquote>作为投资者，这对您来说可能有意义——毕竟，蔚来是一家只销售电动汽车的创新型公司。福特是一家传统汽车制造商，正在努力迎头赶上，并最终全面过渡到电动汽车。蔚来的股价在过去一年上涨了两倍多，而福特的股价在过去十年暴跌后几乎翻了一番。</blockquote></p><p> So where does Nio <a href=\"https://laohu8.com/S/NIO\">$(NIO)$</a>, which reported second-quarter results after the stock market closes Wednesday, fit in an investment thesis? Below are screens showing how its stock valuation compares to vehicle production, and how that valuation relates to projected earnings through 2025.</p><p><blockquote>那么蔚来在哪里<a href=\"https://laohu8.com/S/NIO\">$(蔚来)$</a>周三股市收盘后公布了第二季度业绩，符合投资论点吗？下面的屏幕显示了其股票估值与汽车产量的比较，以及该估值与 2025 年的预计收益有何关系。</blockquote></p><p> <b>Doubling car production</b></p><p><blockquote><b>汽车产量翻倍</b></blockquote></p><p> For the second quarter, Nio delivered 21,896 vehicles for a 112% increase from a year earlier. The growth is impressive, but the total number of vehicles sold is still relatively small.</p><p><blockquote>第二季度，蔚来交付了21,896辆汽车，同比增长112%。增长令人印象深刻，但销售的车辆总数仍然相对较少。</blockquote></p><p> Here's a look at the 10 largest auto makers by market capitalization, along with their second-quarter sales or delivery numbers (whichever was higher, if both were reported) and additional color below the table:</p><p><blockquote>以下是按市值计算的 10 家最大汽车制造商，以及它们第二季度的销量或交付量（如果两者都有报告，以较高者为准）以及表格下方的附加颜色：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/d9e9aed76c94544dbe44cde9f7c8bebc\" tg-width=\"931\" tg-height=\"761\" width=\"100%\" height=\"auto\"> <table>  <tbody>   <tr></tr>  </tbody> </table> You can see that those valuations are about the future, when innovators in the EV space -- Tesla Inc.&nbsp;and Nio, on this list -- may (or may not) become as large as legacy players.</p><p><blockquote><table><tbody><tr></tr></tbody></table>你可以看到，这些估值是关于未来的，届时电动汽车领域的创新者——这份名单上的特斯拉和蔚来——可能（也可能不会）变得与传统企业一样大。</blockquote></p><p> For now, Ford churns out mostly internal combustion engine&nbsp;vehicles at nearly 35 times the rate that Nio makes EVs.</p><p><blockquote>目前，福特生产的主要是内燃机汽车，几乎是蔚来生产电动汽车的 35 倍。</blockquote></p><p> One thing to be aware of is that the legacy auto makers don't all report their unit sales the same way. Most don't break out electric vehicle sales.</p><p><blockquote>需要注意的一件事是，传统汽车制造商并非都以相同的方式报告其销量。大多数不会突破电动汽车销售。</blockquote></p><p> Among those that do, definitions vary. For example, Toyota Motor Corp. (7203.TO) reported that \"electrified vehicle\" sales made up 26.6% of total auto sales during the second quarter. But that category includes:</p><p><blockquote>其中，定义各不相同。例如，丰田汽车公司（7203.TO）报告称，第二季度“电动汽车”销量占汽车总销量的26.6%。但该类别包括：</blockquote></p><p> For Toyota, BEV made up only 0.2% of second-quarter sales, while they accounted for 100% of sales for Nio and Tesla. Toyota's PHEV sales made up 1.4% of the total.</p><p><blockquote>对于丰田来说，纯电动汽车仅占第二季度销量的0.2%，而它们占蔚来和特斯拉销量的100%。丰田的插电式混合动力汽车销量占总销量的1.4%。</blockquote></p><p> Volkswagen AG reports electric-vehicle sales as including PHEV, which accounted for 6.7% of second-quarter sales, or BEV, which made up 4.4% of total sales. Those are impressive numbers: a combined 11.1%.</p><p><blockquote>大众汽车公司报告称，电动汽车销量包括插电混合动力汽车（占第二季度销量的 6.7%）和纯电动汽车（占总销量的 4.4%）。这些数字令人印象深刻：合计11.1%。</blockquote></p><p> For Bayerische Motoren Werke Aktiengesellschaft , better known as BWM Group, a second-quarter breakdown of electric-vehicle deliveries isn't yet available, but for the first half of 2021, 153,243 all-electric or plug-in hybrid vehicles were delivered, or 11.4% of total deliveries.</p><p><blockquote>对于 Bayerische Motoren Werke Aktiengesellschaft（更广为人知的名称是 BWM Group）来说，第二季度电动汽车交付明细尚未公布，但 2021 年上半年，交付了 153,243 辆全电动或插电式混合动力汽车，占总交付量的 11.4%。</blockquote></p><p> <b>Valuation to earnings estimates</b></p><p><blockquote><b>估值与盈利预测</b></blockquote></p><p> For companies at early stages, comparisons of price-to-earnings ratios may not mean very much. Such companies are focusing on growth rather than profits. An example of this has been Amazon.com Inc. <a href=\"https://laohu8.com/S/AMZN\">$(AMZN)$</a>, which has traded at a high P/E for decades as it has worked to expand into new lines of business, at the expense of the bottom line.</p><p><blockquote>对于处于早期阶段的公司来说，市盈率的比较可能意义不大。这些公司关注的是增长而不是利润。亚马逊公司就是一个例子。<a href=\"https://laohu8.com/S/AMZN\">$(亚马逊)$</a>几十年来，该公司一直以高市盈率为代价，努力扩展到新的业务领域。</blockquote></p><p> A high P/E ratio can reflect investors' enthusiasm for innovation and in the case of EVs, a political consensus for transforming the industry. So Nio and Tesla trade at much higher P/E ratios than the legacy auto makers.</p><p><blockquote>高市盈率可以反映投资者对创新的热情，就电动汽车而言，也可以反映行业转型的政治共识。因此，蔚来和特斯拉的市盈率远高于传统汽车制造商。</blockquote></p><p> Then again, very low P/E may show too much contempt among investors for the older manufacturers, as they use their cash flow from continuing massive sales of traditional vehicles to fund their development of EVs. Opportunities may be highlighted.</p><p><blockquote>话又说回来，非常低的市盈率可能表明投资者对老牌制造商过于蔑视，因为他们利用传统汽车持续大量销售的现金流来资助电动汽车的开发。机会可能会被强调。</blockquote></p><p> Normally a forward P/E ratio is calculated by dividing the share price by a rolling consensus estimate of earnings per share for 12 months. This isn't available for all the companies listed here, so we're using consensus estimates for net income for calendar 2022.</p><p><blockquote>通常，远期市盈率的计算方法是将股价除以 12 个月每股收益的滚动共识估计。这并不适用于此处列出的所有公司，因此我们使用 2022 年净利润的共识估计。</blockquote></p><p> First, here are P/E ratios based on current market caps and consensus 2022 estimates among analysts polled by FactSet. The table includes the annual estimates going out to 2025, and also a P/E based on current market caps and the 2025 estimates:</p><p><blockquote>首先，以下是基于当前市值和 FactSet 调查的分析师对 2022 年普遍预期的市盈率。该表包括到 2025 年的年度预测，以及基于当前市值和 2025 年预测的市盈率：</blockquote></p><p></p><p> <img src=\"https://static.tigerbbs.com/459439c822252d09b3dfb73cc5d51211\" tg-width=\"1058\" tg-height=\"743\" width=\"100%\" height=\"auto\"> Nio is expected to become profitable in 2023. Looking out to 2024, its forward P/E is lower than that of Tesla. To put the forward P/E valuations in perspective, the S&amp;P 500 Index trades for a weighted 20.5 times consensus 2022 EPS estimates.</p><p><blockquote>蔚来预计将于 2023 年实现盈利。展望2024年，其远期市盈率低于特斯拉。为了正确看待未来的市盈率估值，标普500指数的交易加权为 2022 年每股收益共识预期的 20.5 倍。</blockquote></p><p> <b>Valuation to sales</b></p><p><blockquote><b>销售额估值</b></blockquote></p><p> <table>  <tbody>   <tr></tr>   <tr></tr>  </tbody> </table> Forward price-to-sales estimates might be more useful for early-stage companies that are showing low profits or net losses. Then again, the same distortions apply: Investors love the pure-play EV makers now, and may be paying too much for them when you consider that shares of Nio have more than tripled over the past year, while Tesla's stock has risen 150%.</p><p><blockquote><table><tbody><tr></tr><tr></tr></tbody></table>对于利润或净亏损较低的早期公司来说，远期销售价格估算可能更有用。话又说回来，同样的扭曲也适用：投资者现在喜欢纯粹的电动汽车制造商，当你考虑到蔚来的股价在过去一年里上涨了两倍多，而特斯拉的股价上涨了150%时，他们可能会为它们支付过高的价格。</blockquote></p><p> Here's a similar set of data driving price-to-sale ratios, again using current market caps (in the first table at the top of this article) and consensus full-calendar-year estimates in millions of U.S. dollars:</p><p><blockquote>以下是一组类似的驱动市销率的数据，再次使用当前市值（在本文顶部的第一个表格中）和以百万美元为单位的全年共识估计值：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/c8c0b7d002e07914e42fcdf0e624b25c\" tg-width=\"1051\" tg-height=\"668\" width=\"100%\" height=\"auto\"> For reference, the S&amp;P 500 trades for 2.7 times its consensus 2022 sales estimate.</p><p><blockquote>作为参考，标普500的交易价格是其 2022 年销量普遍预期的 2.7 倍。</blockquote></p><p> <table>  <tbody>   <tr></tr>  </tbody> </table> <b>Analysts' opinions</b></p><p><blockquote><table><tbody><tr></tr></tbody></table><b>分析师意见</b></blockquote></p><p> Here's a summary of opinion of the 10 auto makers among analysts polled by FactSet. For companies with primary listings outside the U.S., the local tickers are used. All share prices and targets are in local currencies:</p><p><blockquote>以下是 FactSet 调查的分析师对 10 家汽车制造商的意见摘要。对于主要在美国境外上市的公司，使用当地股票代码。所有股价和目标均以当地货币计算：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/32f38063eabf2e93f73561a0454a44ac\" tg-width=\"1059\" tg-height=\"639\" width=\"100%\" height=\"auto\"> <table>  <tbody>   <tr></tr>  </tbody> </table></p><p><blockquote><table><tbody><tr></tr></tbody></table></blockquote></p><p></p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>How to value Nio's stock compared to Tesla, VW, Ford and other rivals<blockquote>与特斯拉、大众、福特和其他竞争对手相比，如何评估蔚来的股票</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHow to value Nio's stock compared to Tesla, VW, Ford and other rivals<blockquote>与特斯拉、大众、福特和其他竞争对手相比，如何评估蔚来的股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarkeWatch</strong><span class=\"h-time small\">2021-08-15 09:01</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Nio may be a relatively small company. But investors are bullish on the Chinese electric-vehicle maker's prospects.</p><p><blockquote>蔚来可能是一家相对较小的公司。但投资者看好这家中国电动汽车制造商的前景。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/459f713c5dfcf08752165d643a5f1463\" tg-width=\"700\" tg-height=\"525\" width=\"100%\" height=\"auto\"><span>A Nio store in downtown Shanghai. (Getty Images)</span></p><p><blockquote><p class=\"t-img-caption\"><span>上海市区的一家蔚来商店。（盖蒂图片社）</span></p></blockquote></p><p> Chinese electric-vehicle maker Nio Inc., which sells no cars in the U.S., has a market capitalization of $60.2 billion. By that measure, it is larger than Ford Motor Co., which was founded in 1903.</p><p><blockquote>中国电动汽车制造商蔚来在美国不销售汽车，市值为 602 亿美元。按照这个标准，它比成立于1903年的福特汽车公司还要大。</blockquote></p><p> That might make sense to you as an investor -- after all, Nio is an innovative company that sells only electric vehicles. Ford is a legacy auto maker that is working to catch up and eventually make a full transition to electric vehicles. Shares of Nio have more than tripled in the past year, while Ford's have almost doubled after cratering in the previous decade.</p><p><blockquote>作为投资者，这对您来说可能有意义——毕竟，蔚来是一家只销售电动汽车的创新型公司。福特是一家传统汽车制造商，正在努力迎头赶上，并最终全面过渡到电动汽车。蔚来的股价在过去一年上涨了两倍多，而福特的股价在过去十年暴跌后几乎翻了一番。</blockquote></p><p> So where does Nio <a href=\"https://laohu8.com/S/NIO\">$(NIO)$</a>, which reported second-quarter results after the stock market closes Wednesday, fit in an investment thesis? Below are screens showing how its stock valuation compares to vehicle production, and how that valuation relates to projected earnings through 2025.</p><p><blockquote>那么蔚来在哪里<a href=\"https://laohu8.com/S/NIO\">$(蔚来)$</a>周三股市收盘后公布了第二季度业绩，符合投资论点吗？下面的屏幕显示了其股票估值与汽车产量的比较，以及该估值与 2025 年的预计收益有何关系。</blockquote></p><p> <b>Doubling car production</b></p><p><blockquote><b>汽车产量翻倍</b></blockquote></p><p> For the second quarter, Nio delivered 21,896 vehicles for a 112% increase from a year earlier. The growth is impressive, but the total number of vehicles sold is still relatively small.</p><p><blockquote>第二季度，蔚来交付了21,896辆汽车，同比增长112%。增长令人印象深刻，但销售的车辆总数仍然相对较少。</blockquote></p><p> Here's a look at the 10 largest auto makers by market capitalization, along with their second-quarter sales or delivery numbers (whichever was higher, if both were reported) and additional color below the table:</p><p><blockquote>以下是按市值计算的 10 家最大汽车制造商，以及它们第二季度的销量或交付量（如果两者都有报告，以较高者为准）以及表格下方的附加颜色：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/d9e9aed76c94544dbe44cde9f7c8bebc\" tg-width=\"931\" tg-height=\"761\" width=\"100%\" height=\"auto\"> <table>  <tbody>   <tr></tr>  </tbody> </table> You can see that those valuations are about the future, when innovators in the EV space -- Tesla Inc.&nbsp;and Nio, on this list -- may (or may not) become as large as legacy players.</p><p><blockquote><table><tbody><tr></tr></tbody></table>你可以看到，这些估值是关于未来的，届时电动汽车领域的创新者——这份名单上的特斯拉和蔚来——可能（也可能不会）变得与传统企业一样大。</blockquote></p><p> For now, Ford churns out mostly internal combustion engine&nbsp;vehicles at nearly 35 times the rate that Nio makes EVs.</p><p><blockquote>目前，福特生产的主要是内燃机汽车，几乎是蔚来生产电动汽车的 35 倍。</blockquote></p><p> One thing to be aware of is that the legacy auto makers don't all report their unit sales the same way. Most don't break out electric vehicle sales.</p><p><blockquote>需要注意的一件事是，传统汽车制造商并非都以相同的方式报告其销量。大多数不会突破电动汽车销售。</blockquote></p><p> Among those that do, definitions vary. For example, Toyota Motor Corp. (7203.TO) reported that \"electrified vehicle\" sales made up 26.6% of total auto sales during the second quarter. But that category includes:</p><p><blockquote>其中，定义各不相同。例如，丰田汽车公司（7203.TO）报告称，第二季度“电动汽车”销量占汽车总销量的26.6%。但该类别包括：</blockquote></p><p> For Toyota, BEV made up only 0.2% of second-quarter sales, while they accounted for 100% of sales for Nio and Tesla. Toyota's PHEV sales made up 1.4% of the total.</p><p><blockquote>对于丰田来说，纯电动汽车仅占第二季度销量的0.2%，而它们占蔚来和特斯拉销量的100%。丰田的插电式混合动力汽车销量占总销量的1.4%。</blockquote></p><p> Volkswagen AG reports electric-vehicle sales as including PHEV, which accounted for 6.7% of second-quarter sales, or BEV, which made up 4.4% of total sales. Those are impressive numbers: a combined 11.1%.</p><p><blockquote>大众汽车公司报告称，电动汽车销量包括插电混合动力汽车（占第二季度销量的 6.7%）和纯电动汽车（占总销量的 4.4%）。这些数字令人印象深刻：合计11.1%。</blockquote></p><p> For Bayerische Motoren Werke Aktiengesellschaft , better known as BWM Group, a second-quarter breakdown of electric-vehicle deliveries isn't yet available, but for the first half of 2021, 153,243 all-electric or plug-in hybrid vehicles were delivered, or 11.4% of total deliveries.</p><p><blockquote>对于 Bayerische Motoren Werke Aktiengesellschaft（更广为人知的名称是 BWM Group）来说，第二季度电动汽车交付明细尚未公布，但 2021 年上半年，交付了 153,243 辆全电动或插电式混合动力汽车，占总交付量的 11.4%。</blockquote></p><p> <b>Valuation to earnings estimates</b></p><p><blockquote><b>估值与盈利预测</b></blockquote></p><p> For companies at early stages, comparisons of price-to-earnings ratios may not mean very much. Such companies are focusing on growth rather than profits. An example of this has been Amazon.com Inc. <a href=\"https://laohu8.com/S/AMZN\">$(AMZN)$</a>, which has traded at a high P/E for decades as it has worked to expand into new lines of business, at the expense of the bottom line.</p><p><blockquote>对于处于早期阶段的公司来说，市盈率的比较可能意义不大。这些公司关注的是增长而不是利润。亚马逊公司就是一个例子。<a href=\"https://laohu8.com/S/AMZN\">$(亚马逊)$</a>几十年来，该公司一直以高市盈率为代价，努力扩展到新的业务领域。</blockquote></p><p> A high P/E ratio can reflect investors' enthusiasm for innovation and in the case of EVs, a political consensus for transforming the industry. So Nio and Tesla trade at much higher P/E ratios than the legacy auto makers.</p><p><blockquote>高市盈率可以反映投资者对创新的热情，就电动汽车而言，也可以反映行业转型的政治共识。因此，蔚来和特斯拉的市盈率远高于传统汽车制造商。</blockquote></p><p> Then again, very low P/E may show too much contempt among investors for the older manufacturers, as they use their cash flow from continuing massive sales of traditional vehicles to fund their development of EVs. Opportunities may be highlighted.</p><p><blockquote>话又说回来，非常低的市盈率可能表明投资者对老牌制造商过于蔑视，因为他们利用传统汽车持续大量销售的现金流来资助电动汽车的开发。机会可能会被强调。</blockquote></p><p> Normally a forward P/E ratio is calculated by dividing the share price by a rolling consensus estimate of earnings per share for 12 months. This isn't available for all the companies listed here, so we're using consensus estimates for net income for calendar 2022.</p><p><blockquote>通常，远期市盈率的计算方法是将股价除以 12 个月每股收益的滚动共识估计。这并不适用于此处列出的所有公司，因此我们使用 2022 年净利润的共识估计。</blockquote></p><p> First, here are P/E ratios based on current market caps and consensus 2022 estimates among analysts polled by FactSet. The table includes the annual estimates going out to 2025, and also a P/E based on current market caps and the 2025 estimates:</p><p><blockquote>首先，以下是基于当前市值和 FactSet 调查的分析师对 2022 年普遍预期的市盈率。该表包括到 2025 年的年度预测，以及基于当前市值和 2025 年预测的市盈率：</blockquote></p><p></p><p> <img src=\"https://static.tigerbbs.com/459439c822252d09b3dfb73cc5d51211\" tg-width=\"1058\" tg-height=\"743\" width=\"100%\" height=\"auto\"> Nio is expected to become profitable in 2023. Looking out to 2024, its forward P/E is lower than that of Tesla. To put the forward P/E valuations in perspective, the S&amp;P 500 Index trades for a weighted 20.5 times consensus 2022 EPS estimates.</p><p><blockquote>蔚来预计将于 2023 年实现盈利。展望2024年，其远期市盈率低于特斯拉。为了正确看待未来的市盈率估值，标普500指数的交易加权为 2022 年每股收益共识预期的 20.5 倍。</blockquote></p><p> <b>Valuation to sales</b></p><p><blockquote><b>销售额估值</b></blockquote></p><p> <table>  <tbody>   <tr></tr>   <tr></tr>  </tbody> </table> Forward price-to-sales estimates might be more useful for early-stage companies that are showing low profits or net losses. Then again, the same distortions apply: Investors love the pure-play EV makers now, and may be paying too much for them when you consider that shares of Nio have more than tripled over the past year, while Tesla's stock has risen 150%.</p><p><blockquote><table><tbody><tr></tr><tr></tr></tbody></table>对于利润或净亏损较低的早期公司来说，远期销售价格估算可能更有用。话又说回来，同样的扭曲也适用：投资者现在喜欢纯粹的电动汽车制造商，当你考虑到蔚来的股价在过去一年里上涨了两倍多，而特斯拉的股价上涨了150%时，他们可能会为它们支付过高的价格。</blockquote></p><p> Here's a similar set of data driving price-to-sale ratios, again using current market caps (in the first table at the top of this article) and consensus full-calendar-year estimates in millions of U.S. dollars:</p><p><blockquote>以下是一组类似的驱动市销率的数据，再次使用当前市值（在本文顶部的第一个表格中）和以百万美元为单位的全年共识估计值：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/c8c0b7d002e07914e42fcdf0e624b25c\" tg-width=\"1051\" tg-height=\"668\" width=\"100%\" height=\"auto\"> For reference, the S&amp;P 500 trades for 2.7 times its consensus 2022 sales estimate.</p><p><blockquote>作为参考，标普500的交易价格是其 2022 年销量普遍预期的 2.7 倍。</blockquote></p><p> <table>  <tbody>   <tr></tr>  </tbody> </table> <b>Analysts' opinions</b></p><p><blockquote><table><tbody><tr></tr></tbody></table><b>分析师意见</b></blockquote></p><p> Here's a summary of opinion of the 10 auto makers among analysts polled by FactSet. For companies with primary listings outside the U.S., the local tickers are used. All share prices and targets are in local currencies:</p><p><blockquote>以下是 FactSet 调查的分析师对 10 家汽车制造商的意见摘要。对于主要在美国境外上市的公司，使用当地股票代码。所有股价和目标均以当地货币计算：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/32f38063eabf2e93f73561a0454a44ac\" tg-width=\"1059\" tg-height=\"639\" width=\"100%\" height=\"auto\"> <table>  <tbody>   <tr></tr>  </tbody> </table></p><p><blockquote><table><tbody><tr></tr></tbody></table></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/nio-releases-earnings-wednesday-heres-how-to-value-its-stock-compared-to-tesla-ford-and-other-rivals-11628716814?mod=mw_quote_news\">MarkeWatch</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":{"STLA":"Stellantis NV","TSLA":"特斯拉","NIO":"蔚来","HMC":"本田汽车","F":"福特汽车","GM":"通用汽车"},"source_url":"https://www.marketwatch.com/story/nio-releases-earnings-wednesday-heres-how-to-value-its-stock-compared-to-tesla-ford-and-other-rivals-11628716814?mod=mw_quote_news","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2159214569","content_text":"Nio may be a relatively small company. But investors are bullish on the Chinese electric-vehicle maker's prospects.\nA Nio store in downtown Shanghai. (Getty Images)\nChinese electric-vehicle maker Nio Inc., which sells no cars in the U.S., has a market capitalization of $60.2 billion. By that measure, it is larger than Ford Motor Co., which was founded in 1903.\nThat might make sense to you as an investor -- after all, Nio is an innovative company that sells only electric vehicles. Ford is a legacy auto maker that is working to catch up and eventually make a full transition to electric vehicles. Shares of Nio have more than tripled in the past year, while Ford's have almost doubled after cratering in the previous decade.\nSo where does Nio $(NIO)$, which reported second-quarter results after the stock market closes Wednesday, fit in an investment thesis? Below are screens showing how its stock valuation compares to vehicle production, and how that valuation relates to projected earnings through 2025.\nDoubling car production\nFor the second quarter, Nio delivered 21,896 vehicles for a 112% increase from a year earlier. The growth is impressive, but the total number of vehicles sold is still relatively small.\nHere's a look at the 10 largest auto makers by market capitalization, along with their second-quarter sales or delivery numbers (whichever was higher, if both were reported) and additional color below the table:\n\n\n\n\n\n\nYou can see that those valuations are about the future, when innovators in the EV space -- Tesla Inc. and Nio, on this list -- may (or may not) become as large as legacy players.\nFor now, Ford churns out mostly internal combustion engine vehicles at nearly 35 times the rate that Nio makes EVs.\nOne thing to be aware of is that the legacy auto makers don't all report their unit sales the same way. Most don't break out electric vehicle sales.\nAmong those that do, definitions vary. For example, Toyota Motor Corp. (7203.TO) reported that \"electrified vehicle\" sales made up 26.6% of total auto sales during the second quarter. But that category includes:\nFor Toyota, BEV made up only 0.2% of second-quarter sales, while they accounted for 100% of sales for Nio and Tesla. Toyota's PHEV sales made up 1.4% of the total.\nVolkswagen AG reports electric-vehicle sales as including PHEV, which accounted for 6.7% of second-quarter sales, or BEV, which made up 4.4% of total sales. Those are impressive numbers: a combined 11.1%.\nFor Bayerische Motoren Werke Aktiengesellschaft , better known as BWM Group, a second-quarter breakdown of electric-vehicle deliveries isn't yet available, but for the first half of 2021, 153,243 all-electric or plug-in hybrid vehicles were delivered, or 11.4% of total deliveries.\nValuation to earnings estimates\nFor companies at early stages, comparisons of price-to-earnings ratios may not mean very much. Such companies are focusing on growth rather than profits. An example of this has been Amazon.com Inc. $(AMZN)$, which has traded at a high P/E for decades as it has worked to expand into new lines of business, at the expense of the bottom line.\nA high P/E ratio can reflect investors' enthusiasm for innovation and in the case of EVs, a political consensus for transforming the industry. So Nio and Tesla trade at much higher P/E ratios than the legacy auto makers.\nThen again, very low P/E may show too much contempt among investors for the older manufacturers, as they use their cash flow from continuing massive sales of traditional vehicles to fund their development of EVs. Opportunities may be highlighted.\nNormally a forward P/E ratio is calculated by dividing the share price by a rolling consensus estimate of earnings per share for 12 months. This isn't available for all the companies listed here, so we're using consensus estimates for net income for calendar 2022.\nFirst, here are P/E ratios based on current market caps and consensus 2022 estimates among analysts polled by FactSet. The table includes the annual estimates going out to 2025, and also a P/E based on current market caps and the 2025 estimates:\n\nNio is expected to become profitable in 2023. Looking out to 2024, its forward P/E is lower than that of Tesla. To put the forward P/E valuations in perspective, the S&P 500 Index trades for a weighted 20.5 times consensus 2022 EPS estimates.\nValuation to sales\n\n\n\n\n\n\nForward price-to-sales estimates might be more useful for early-stage companies that are showing low profits or net losses. Then again, the same distortions apply: Investors love the pure-play EV makers now, and may be paying too much for them when you consider that shares of Nio have more than tripled over the past year, while Tesla's stock has risen 150%.\nHere's a similar set of data driving price-to-sale ratios, again using current market caps (in the first table at the top of this article) and consensus full-calendar-year estimates in millions of U.S. dollars:\n\nFor reference, the S&P 500 trades for 2.7 times its consensus 2022 sales estimate.\n\n\n\n\n\nAnalysts' opinions\nHere's a summary of opinion of the 10 auto makers among analysts polled by FactSet. For companies with primary listings outside the U.S., the local tickers are used. All share prices and targets are in local currencies:","news_type":1,"symbols_score_info":{"NIO":0.9,"TSLA":0.9,"HMC":0.9,"GM":0.9,"F":0.9,"STLA":0.9}},"isVote":1,"tweetType":1,"viewCount":577,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":880850196,"gmtCreate":1631036716515,"gmtModify":1631889960388,"author":{"id":"3579922554249988","authorId":"3579922554249988","name":"Portfolio50","avatar":"https://static.tigerbbs.com/3e41399b7d47310e4bf55e2a5917c9da","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3579922554249988","idStr":"3579922554249988"},"themes":[],"title":"","htmlText":"A drop of 15% is hardly considered a \"plunge\" in the crypto world","listText":"A drop of 15% is hardly considered a \"plunge\" in the crypto world","text":"A drop of 15% is hardly considered a \"plunge\" in the crypto world","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/880850196","repostId":"1148244903","repostType":4,"repost":{"id":"1148244903","kind":"news","pubTimestamp":1631027025,"share":"https://www.laohunote.com/m/news/1148244903?lang=zh_CN&edition=full","pubTime":"2021-09-07 23:03","market":"other","language":"en","title":"Cryptos Just Puked...<blockquote>密码刚刚吐了……</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1148244903","media":"zerohedge","summary":"Bitcoin (and Ethereum) just took a second, larger, leg lower after ramping across the long weekend a","content":"<p>Bitcoin (and Ethereum) just took a second, larger, leg lower after ramping across the long weekend ahead ofEl Salvador's 'Bitcoin Day' legal tender rollout.</p><p><blockquote>在 ofEl Salvado 推出“比特币日”法律招标之前的长周末，比特币（和以太币）刚刚进行了第二次更大的下跌。</blockquote></p><p> Bitcoin plunged from $53k to below $49k...</p><p><blockquote>比特币从5.3万美元暴跌至4.9万美元以下……</blockquote></p><p> <img src=\"https://static.tigerbbs.com/ffa53ca2dc78633e42d336039958a4be\" tg-width=\"961\" tg-height=\"514\" width=\"100%\" height=\"auto\"><i>Source: Bloomberg</i></p><p><blockquote><i>资料来源：彭博社</i></blockquote></p><p> And Ethereum has tumbled back below $3500 (and was notably less bid on the El Salvador excitement)...</p><p><blockquote>以太币已经回落到3500美元以下（并且明显低于萨尔瓦多的兴奋）...</blockquote></p><p> <img src=\"https://static.tigerbbs.com/ad830058c11f71829955553d50022cf5\" tg-width=\"961\" tg-height=\"527\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <i>Source: Bloomberg</i></p><p><blockquote><i>资料来源：彭博社</i></blockquote></p><p> Some chatter that the ETH move was triggered byshort-term rotation to Solano after NFT headlines.</p><p><blockquote>有人猜测，ETH 的举动是由 NFT 头条新闻后短期转向索拉诺引发的。</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>Cryptos Just Puked...<blockquote>密码刚刚吐了……</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\">\nCryptos Just Puked...<blockquote>密码刚刚吐了……</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">zerohedge</strong><span class=\"h-time small\">2021-09-07 23:03</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Bitcoin (and Ethereum) just took a second, larger, leg lower after ramping across the long weekend ahead ofEl Salvador's 'Bitcoin Day' legal tender rollout.</p><p><blockquote>在 ofEl Salvado 推出“比特币日”法律招标之前的长周末，比特币（和以太币）刚刚进行了第二次更大的下跌。</blockquote></p><p> Bitcoin plunged from $53k to below $49k...</p><p><blockquote>比特币从5.3万美元暴跌至4.9万美元以下……</blockquote></p><p> <img src=\"https://static.tigerbbs.com/ffa53ca2dc78633e42d336039958a4be\" tg-width=\"961\" tg-height=\"514\" width=\"100%\" height=\"auto\"><i>Source: Bloomberg</i></p><p><blockquote><i>资料来源：彭博社</i></blockquote></p><p> And Ethereum has tumbled back below $3500 (and was notably less bid on the El Salvador excitement)...</p><p><blockquote>以太币已经回落到3500美元以下（并且明显低于萨尔瓦多的兴奋）...</blockquote></p><p> <img src=\"https://static.tigerbbs.com/ad830058c11f71829955553d50022cf5\" tg-width=\"961\" tg-height=\"527\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <i>Source: Bloomberg</i></p><p><blockquote><i>资料来源：彭博社</i></blockquote></p><p> Some chatter that the ETH move was triggered byshort-term rotation to Solano after NFT headlines.</p><p><blockquote>有人猜测，ETH 的举动是由 NFT 头条新闻后短期转向索拉诺引发的。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.zerohedge.com/crypto/cryptos-just-puked?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29\">zerohedge</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc.","GBTC":"比特币ETF-Grayscale"},"source_url":"https://www.zerohedge.com/crypto/cryptos-just-puked?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1148244903","content_text":"Bitcoin (and Ethereum) just took a second, larger, leg lower after ramping across the long weekend ahead ofEl Salvador's 'Bitcoin Day' legal tender rollout.\nBitcoin plunged from $53k to below $49k...\nSource: Bloomberg\nAnd Ethereum has tumbled back below $3500 (and was notably less bid on the El Salvador excitement)...\n\nSource: Bloomberg\nSome chatter that the ETH move was triggered byshort-term rotation to Solano after NFT headlines.","news_type":1,"symbols_score_info":{"COIN":0.9,"GBTC":0.9}},"isVote":1,"tweetType":1,"viewCount":433,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":832254517,"gmtCreate":1629643921039,"gmtModify":1633683611330,"author":{"id":"3579922554249988","authorId":"3579922554249988","name":"Portfolio50","avatar":"https://static.tigerbbs.com/3e41399b7d47310e4bf55e2a5917c9da","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3579922554249988","idStr":"3579922554249988"},"themes":[],"title":"","htmlText":"Agree. Pick those from safe emerging markets where the macro economic, political and legal systems&nbsp;are stable/well established.&nbsp;[财迷]&nbsp;","listText":"Agree. Pick those from safe emerging markets where the macro economic, political and legal systems&nbsp;are stable/well established.&nbsp;[财迷]&nbsp;","text":"Agree. Pick those from safe emerging markets where the macro economic, political and legal systems are stable/well established. [财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/832254517","repostId":"1115632642","repostType":4,"isVote":1,"tweetType":1,"viewCount":555,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":836937903,"gmtCreate":1629446007202,"gmtModify":1633684779136,"author":{"id":"3579922554249988","authorId":"3579922554249988","name":"Portfolio50","avatar":"https://static.tigerbbs.com/3e41399b7d47310e4bf55e2a5917c9da","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3579922554249988","idStr":"3579922554249988"},"themes":[],"title":"","htmlText":"Takes lots of&nbsp;guts to adopt a contrarian view!!&nbsp;&nbsp;","listText":"Takes lots of&nbsp;guts to adopt a contrarian view!!&nbsp;&nbsp;","text":"Takes lots of guts to adopt a contrarian view!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/836937903","repostId":"2160848793","repostType":4,"repost":{"id":"2160848793","kind":"highlight","pubTimestamp":1629420499,"share":"https://www.laohunote.com/m/news/2160848793?lang=zh_CN&edition=full","pubTime":"2021-08-20 08:48","market":"us","language":"en","title":"Ark's Cathie Wood says stock market 'couldn't be further away from a bubble.' Here's why.<blockquote>Ark 的凯西·伍德 (Cathie Wood) 表示，股市“离泡沫已经不远了”。原因如下。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2160848793","media":"MarketWatch","summary":"Wood says she's emboldened by bad news\nCathie Wood, chief executive officer and chief investment off","content":"<p>Wood says she's emboldened by bad news</p><p><blockquote>伍德说她被坏消息鼓舞了</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1b1e646cb0a6ddf4ac942ed5c913a4e4\" tg-width=\"700\" tg-height=\"466\" width=\"100%\" height=\"auto\"><span>Cathie Wood, chief executive officer and chief investment officer of ARK Investment Management</span></p><p><blockquote><p class=\"t-img-caption\"><span>Cathie Wood，ARK Investment Management 首席执行官兼首席投资官</span></p></blockquote></p><p> There'a growing sense of unease emanating from equity markets in recent trade, despite, and perhaps because, of the Dow Jones Industrial Average and the S&amp;P 500 index trading near record heights.</p><p><blockquote>尽管道琼斯工业平均指数和标普500指数接近历史新高，但在最近的交易中，股市越来越感到不安。</blockquote></p><p> However, star investor Cathie Wood, who runs a suite of popular ETFs in Ark Investment Management, says that there's no reason to fear that the market is becoming too bubblicious.</p><p><blockquote>然而，在 Ark Investment Management 管理一套热门 ETF 的明星投资者凯西·伍德 (Cathie Wood) 表示，没有理由担心市场变得过于泡沫。</blockquote></p><p> As the Ark founder puts it: \"I don't think we're in a bubble which is what I think many bears think we are,\" during a Thursday interview with CNBC near midday .</p><p><blockquote>正如 Ark 创始人在周四中午接受 CNBC 采访时所说：“我不认为我们正处于泡沫中，而我认为许多空头认为我们正处于泡沫中。”</blockquote></p><p> Her comments coming amid intensifying worries about a possible slowdown in economic growth as the delta variant of COVID-19 gathers momentum, creating headwinds for a fuller recovery from the pandemic that has gripped the globe for well over a year.</p><p><blockquote>她发表上述言论之际，随着 COVID-19 德尔塔变异毒株势头增强，人们对经济增长可能放缓的担忧日益加剧，这给席卷全球一年多的疫情带来了更全面的复苏带来了阻力。</blockquote></p><p> Investors also have been wringing their hands over the prospects of the Federal Reserve scaling back easy-money policies, notably the monthly purchases of $120 billion in Treasurys and mortage-backed securities, as anxieties grow.</p><p><blockquote>随着担忧加剧，投资者也对美联储缩减宽松货币政策的前景感到担忧，特别是每月购买 1200 亿美元的国债和抵押贷款支持证券。</blockquote></p><p> Wood's investment funds, highlighted by the flagship Ark Innovation, have been <a href=\"https://laohu8.com/S/AONE.U\">one</a> area that has been cited as possibly overvalued and vulnerable to a dramatic swing lower if the market starts to deflate considerably from its current levels.</p><p><blockquote>伍德的投资基金以旗舰方舟创新为亮点，<a href=\"https://laohu8.com/S/AONE.U\">一</a>该领域被认为可能被高估，如果市场开始从当前水平大幅下跌，则可能会大幅下跌。</blockquote></p><p> Ark Innovation ETF is down 5.2% so far this week and has lost 8.6% in the year to date, badly underperforming the broader market and coming after the fund rang up one-year return of 149%, FactSet data show.</p><p><blockquote>FactSet 数据显示，Ark Innovation ETF 本周迄今已下跌 5.2%，今年迄今已下跌 8.6%，远逊于大盘，此前该基金的一年回报率为 149%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/5cca916bae90134d64f9ba249031e782\" tg-width=\"949\" tg-height=\"666\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> By comparison , the Dow Jones Industrial Average is down 1.8% this week but up 14% this year, while the technology-laden Nasdaq Composite Index is off 1.9% on the week but has risen over 12.8% so far in 2021, and the broad-market S&amp;P 500 index is off 1.4% in the week to date but boasts a nearly 17.3% gain for 2021.</p><p><blockquote>相比之下，道琼斯工业平均指数本周下跌 1.8%，但今年上涨 14%，而科技含量高的纳斯达克综合指数本周下跌 1.9%，但 2021 年迄今已上涨超过 12.8%，大盘标普500指数本周迄今已下跌 1.4%，但 2021 年上涨近 17.3%。</blockquote></p><p> Wood's view on the market, however, is that investors are acting much more sedately and prudently, compared with the euphoria that was characteristic of the late 1990s and early 2000s dot-com boom.</p><p><blockquote>然而，伍德对市场的看法是，与 20 世纪 90 年代末和 21 世纪初互联网繁荣时期特有的兴奋相比，投资者的行为要冷静和谨慎得多。</blockquote></p><p> \"In a bubble...and I remember the late '90s...our strategies would have been cheered on,\" she told the business network. \"You remember the leapfrogging of analysts making estimates one higher than the other, price targets one higher than the other,\" she said on \"Tech Check.\"</p><p><blockquote>“在泡沫中……我记得 90 年代末……我们的战略会受到欢迎，”她告诉商业网络。她在“Tech Check”节目中表示：“你还记得分析师们的预测一个比另一个高，价格目标一个比另一个高。”</blockquote></p><p> She also noted that negative sentiment in the market as a contra-indication, suggesting that growing pessimism may actually fuel further gains rather than inflating a bubble.</p><p><blockquote>她还指出，市场的负面情绪是一个禁忌症，这表明日益增长的悲观情绪实际上可能会推动进一步上涨，而不是吹大泡沫。</blockquote></p><p> \"I like bad news,\" she said.</p><p><blockquote>“我喜欢坏消息，”她说。</blockquote></p><p> \"When I see such negative sentiment out there, especially when it comes to valuation and longer time horizons, investment time horizons, I actually feel a little more comfortable,\" Wood said.</p><p><blockquote>伍德说：“当我看到这种负面情绪时，特别是当涉及到估值和更长的时间范围、投资时间范围时，我实际上感觉更舒服了一些。”</blockquote></p><p></p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ark's Cathie Wood says stock market 'couldn't be further away from a bubble.' Here's why.<blockquote>Ark 的凯西·伍德 (Cathie Wood) 表示，股市“离泡沫已经不远了”。原因如下。</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\">\nArk's Cathie Wood says stock market 'couldn't be further away from a bubble.' Here's why.<blockquote>Ark 的凯西·伍德 (Cathie Wood) 表示，股市“离泡沫已经不远了”。原因如下。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-08-20 08:48</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Wood says she's emboldened by bad news</p><p><blockquote>伍德说她被坏消息鼓舞了</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1b1e646cb0a6ddf4ac942ed5c913a4e4\" tg-width=\"700\" tg-height=\"466\" width=\"100%\" height=\"auto\"><span>Cathie Wood, chief executive officer and chief investment officer of ARK Investment Management</span></p><p><blockquote><p class=\"t-img-caption\"><span>Cathie Wood，ARK Investment Management 首席执行官兼首席投资官</span></p></blockquote></p><p> There'a growing sense of unease emanating from equity markets in recent trade, despite, and perhaps because, of the Dow Jones Industrial Average and the S&amp;P 500 index trading near record heights.</p><p><blockquote>尽管道琼斯工业平均指数和标普500指数接近历史新高，但在最近的交易中，股市越来越感到不安。</blockquote></p><p> However, star investor Cathie Wood, who runs a suite of popular ETFs in Ark Investment Management, says that there's no reason to fear that the market is becoming too bubblicious.</p><p><blockquote>然而，在 Ark Investment Management 管理一套热门 ETF 的明星投资者凯西·伍德 (Cathie Wood) 表示，没有理由担心市场变得过于泡沫。</blockquote></p><p> As the Ark founder puts it: \"I don't think we're in a bubble which is what I think many bears think we are,\" during a Thursday interview with CNBC near midday .</p><p><blockquote>正如 Ark 创始人在周四中午接受 CNBC 采访时所说：“我不认为我们正处于泡沫中，而我认为许多空头认为我们正处于泡沫中。”</blockquote></p><p> Her comments coming amid intensifying worries about a possible slowdown in economic growth as the delta variant of COVID-19 gathers momentum, creating headwinds for a fuller recovery from the pandemic that has gripped the globe for well over a year.</p><p><blockquote>她发表上述言论之际，随着 COVID-19 德尔塔变异毒株势头增强，人们对经济增长可能放缓的担忧日益加剧，这给席卷全球一年多的疫情带来了更全面的复苏带来了阻力。</blockquote></p><p> Investors also have been wringing their hands over the prospects of the Federal Reserve scaling back easy-money policies, notably the monthly purchases of $120 billion in Treasurys and mortage-backed securities, as anxieties grow.</p><p><blockquote>随着担忧加剧，投资者也对美联储缩减宽松货币政策的前景感到担忧，特别是每月购买 1200 亿美元的国债和抵押贷款支持证券。</blockquote></p><p> Wood's investment funds, highlighted by the flagship Ark Innovation, have been <a href=\"https://laohu8.com/S/AONE.U\">one</a> area that has been cited as possibly overvalued and vulnerable to a dramatic swing lower if the market starts to deflate considerably from its current levels.</p><p><blockquote>伍德的投资基金以旗舰方舟创新为亮点，<a href=\"https://laohu8.com/S/AONE.U\">一</a>该领域被认为可能被高估，如果市场开始从当前水平大幅下跌，则可能会大幅下跌。</blockquote></p><p> Ark Innovation ETF is down 5.2% so far this week and has lost 8.6% in the year to date, badly underperforming the broader market and coming after the fund rang up one-year return of 149%, FactSet data show.</p><p><blockquote>FactSet 数据显示，Ark Innovation ETF 本周迄今已下跌 5.2%，今年迄今已下跌 8.6%，远逊于大盘，此前该基金的一年回报率为 149%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/5cca916bae90134d64f9ba249031e782\" tg-width=\"949\" tg-height=\"666\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> By comparison , the Dow Jones Industrial Average is down 1.8% this week but up 14% this year, while the technology-laden Nasdaq Composite Index is off 1.9% on the week but has risen over 12.8% so far in 2021, and the broad-market S&amp;P 500 index is off 1.4% in the week to date but boasts a nearly 17.3% gain for 2021.</p><p><blockquote>相比之下，道琼斯工业平均指数本周下跌 1.8%，但今年上涨 14%，而科技含量高的纳斯达克综合指数本周下跌 1.9%，但 2021 年迄今已上涨超过 12.8%，大盘标普500指数本周迄今已下跌 1.4%，但 2021 年上涨近 17.3%。</blockquote></p><p> Wood's view on the market, however, is that investors are acting much more sedately and prudently, compared with the euphoria that was characteristic of the late 1990s and early 2000s dot-com boom.</p><p><blockquote>然而，伍德对市场的看法是，与 20 世纪 90 年代末和 21 世纪初互联网繁荣时期特有的兴奋相比，投资者的行为要冷静和谨慎得多。</blockquote></p><p> \"In a bubble...and I remember the late '90s...our strategies would have been cheered on,\" she told the business network. \"You remember the leapfrogging of analysts making estimates one higher than the other, price targets one higher than the other,\" she said on \"Tech Check.\"</p><p><blockquote>“在泡沫中……我记得 90 年代末……我们的战略会受到欢迎，”她告诉商业网络。她在“Tech Check”节目中表示：“你还记得分析师们的预测一个比另一个高，价格目标一个比另一个高。”</blockquote></p><p> She also noted that negative sentiment in the market as a contra-indication, suggesting that growing pessimism may actually fuel further gains rather than inflating a bubble.</p><p><blockquote>她还指出，市场的负面情绪是一个禁忌症，这表明日益增长的悲观情绪实际上可能会推动进一步上涨，而不是吹大泡沫。</blockquote></p><p> \"I like bad news,\" she said.</p><p><blockquote>“我喜欢坏消息，”她说。</blockquote></p><p> \"When I see such negative sentiment out there, especially when it comes to valuation and longer time horizons, investment time horizons, I actually feel a little more comfortable,\" Wood said.</p><p><blockquote>伍德说：“当我看到这种负面情绪时，特别是当涉及到估值和更长的时间范围、投资时间范围时，我实际上感觉更舒服了一些。”</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/arks-cathie-wood-says-stock-market-couldnt-be-further-away-from-a-bubble-heres-why-11629393761?adobe_mc=MCORGID%3DCB68E4BA55144CAA0A4C98A5%2540AdobeOrg%7CTS%3D1629420103\">MarketWatch</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite","ARKK":"ARK Innovation ETF",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.marketwatch.com/story/arks-cathie-wood-says-stock-market-couldnt-be-further-away-from-a-bubble-heres-why-11629393761?adobe_mc=MCORGID%3DCB68E4BA55144CAA0A4C98A5%2540AdobeOrg%7CTS%3D1629420103","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2160848793","content_text":"Wood says she's emboldened by bad news\nCathie Wood, chief executive officer and chief investment officer of ARK Investment Management\nThere'a growing sense of unease emanating from equity markets in recent trade, despite, and perhaps because, of the Dow Jones Industrial Average and the S&P 500 index trading near record heights.\nHowever, star investor Cathie Wood, who runs a suite of popular ETFs in Ark Investment Management, says that there's no reason to fear that the market is becoming too bubblicious.\nAs the Ark founder puts it: \"I don't think we're in a bubble which is what I think many bears think we are,\" during a Thursday interview with CNBC near midday .\nHer comments coming amid intensifying worries about a possible slowdown in economic growth as the delta variant of COVID-19 gathers momentum, creating headwinds for a fuller recovery from the pandemic that has gripped the globe for well over a year.\nInvestors also have been wringing their hands over the prospects of the Federal Reserve scaling back easy-money policies, notably the monthly purchases of $120 billion in Treasurys and mortage-backed securities, as anxieties grow.\nWood's investment funds, highlighted by the flagship Ark Innovation, have been one area that has been cited as possibly overvalued and vulnerable to a dramatic swing lower if the market starts to deflate considerably from its current levels.\nArk Innovation ETF is down 5.2% so far this week and has lost 8.6% in the year to date, badly underperforming the broader market and coming after the fund rang up one-year return of 149%, FactSet data show.\n\nBy comparison , the Dow Jones Industrial Average is down 1.8% this week but up 14% this year, while the technology-laden Nasdaq Composite Index is off 1.9% on the week but has risen over 12.8% so far in 2021, and the broad-market S&P 500 index is off 1.4% in the week to date but boasts a nearly 17.3% gain for 2021.\nWood's view on the market, however, is that investors are acting much more sedately and prudently, compared with the euphoria that was characteristic of the late 1990s and early 2000s dot-com boom.\n\"In a bubble...and I remember the late '90s...our strategies would have been cheered on,\" she told the business network. \"You remember the leapfrogging of analysts making estimates one higher than the other, price targets one higher than the other,\" she said on \"Tech Check.\"\nShe also noted that negative sentiment in the market as a contra-indication, suggesting that growing pessimism may actually fuel further gains rather than inflating a bubble.\n\"I like bad news,\" she said.\n\"When I see such negative sentiment out there, especially when it comes to valuation and longer time horizons, investment time horizons, I actually feel a little more comfortable,\" Wood said.","news_type":1,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,"ARKIU":0.9,"ARKK":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":855,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":896276834,"gmtCreate":1628589048728,"gmtModify":1633745933122,"author":{"id":"3579922554249988","authorId":"3579922554249988","name":"Portfolio50","avatar":"https://static.tigerbbs.com/3e41399b7d47310e4bf55e2a5917c9da","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3579922554249988","idStr":"3579922554249988"},"themes":[],"title":"","htmlText":"Between useless comments and misleading news, useless comments are the lesser evil 🙄","listText":"Between useless comments and misleading news, useless comments are the lesser evil 🙄","text":"Between useless comments and misleading news, useless comments are the lesser evil 🙄","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/896276834","repostId":"1199439318","repostType":4,"repost":{"id":"1199439318","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":1628583651,"share":"https://www.laohunote.com/m/news/1199439318?lang=zh_CN&edition=full","pubTime":"2021-08-10 16:20","market":"us","language":"en","title":"Tesla shares fell 1% in premarket trading,as the company delivering 8,621 Chinese-made vehicles in China  in July, down 69% from the previous month.<blockquote>特斯拉股价在盘前交易中下跌 1%，该公司 7 月份在中国交付了 8,621 辆中国制造的汽车，环比下降 69%。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1199439318","media":"Tiger Newspress","summary":"Tesla&nbsp;shares&nbsp;fell&nbsp;1%&nbsp;in&nbsp;premarket&nbsp;trading,as&nbsp;the&nbsp;company&nbsp;delivering&nbsp;8,621&nbsp;Chinese-made&nbsp;vehicles&nbsp;in&nbsp;China&nbsp; in July, down 69% from the previous month.","content":"<p>Tesla&nbsp;shares&nbsp;fell&nbsp;1%&nbsp;in&nbsp;premarket&nbsp;trading,as&nbsp;the&nbsp;company&nbsp;delivering&nbsp;8,621&nbsp;Chinese-made&nbsp;vehicles&nbsp;in&nbsp;China&nbsp; in July, down 69% from the previous month.</p><p><blockquote>特斯拉股价在盘前交易中下跌 1%，该公司 7 月份在中国交付了 8,621 辆中国制造的汽车，环比下降 69%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/6658f9412245f1a24a5923cb11933e10\" tg-width=\"859\" tg-height=\"613\" 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>Tesla shares fell 1% in premarket trading,as the company delivering 8,621 Chinese-made vehicles in China  in July, down 69% from the previous month.<blockquote>特斯拉股价在盘前交易中下跌 1%，该公司 7 月份在中国交付了 8,621 辆中国制造的汽车，环比下降 69%。</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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*/\n.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\">\nTesla shares fell 1% in premarket trading,as the company delivering 8,621 Chinese-made vehicles in China  in July, down 69% from the previous month.<blockquote>特斯拉股价在盘前交易中下跌 1%，该公司 7 月份在中国交付了 8,621 辆中国制造的汽车，环比下降 69%。</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\">2021-08-10 16:20</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Tesla&nbsp;shares&nbsp;fell&nbsp;1%&nbsp;in&nbsp;premarket&nbsp;trading,as&nbsp;the&nbsp;company&nbsp;delivering&nbsp;8,621&nbsp;Chinese-made&nbsp;vehicles&nbsp;in&nbsp;China&nbsp; in July, down 69% from the previous month.</p><p><blockquote>特斯拉股价在盘前交易中下跌 1%，该公司 7 月份在中国交付了 8,621 辆中国制造的汽车，环比下降 69%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/6658f9412245f1a24a5923cb11933e10\" tg-width=\"859\" tg-height=\"613\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1199439318","content_text":"Tesla shares fell 1% in premarket trading,as the company delivering 8,621 Chinese-made vehicles in China  in July, down 69% from the previous month.","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":405,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}