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2021-07-12

Shareholders probably get nothing back from this.

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2021-05-21

Now is a good time to buy tech shares?

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2021-06-05

Does Microsoft pay dividends?

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2021-05-26

Apple will allow payment via crypto?

Apple Is Looking for Crypto Experience in ‘Alternative Payments’ Job Post<blockquote>苹果正在寻找“替代支付”职位的加密货币经验</blockquote>

2021-05-10

Which is a better buy?

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2021-06-25

Sembmarine shares suddenly soaring. Is that a good sign?

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2021-06-21

Should I still keep my apple share?

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2021-05-13

Hi

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2021-07-05

The stock is still expensive

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2021-05-19

Is it safe to buy?

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2021-04-24

Is it worth it to buy now?

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2021-06-14

Will you buy an Amazon share?

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2021-06-05

This stock quite expensive

Can Alibaba Stock Hit $500? If You Got Time, Yes<blockquote>阿里巴巴-SW股价能否触及500美元？如果你有时间，是的</blockquote>

2021-05-28

$2 per share is still quite expensive.

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2021-05-16

Will you buy doge or shib coin?

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2021-05-10

Which is a better stock to buy amongst those stated?

5 Unbeatable Stocks to Buy for a Biden Bull Market<blockquote>拜登牛市值得买入的5只无与伦比的股票</blockquote>

2021-05-01

Is it worth buying?

1 Question Tesla Investors Need to Ask Themselves<blockquote>特斯拉投资者需要问自己的1个问题</blockquote>

2021-06-13

Is this a good time to buy shares in petrol companies.

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2021-06-10

Time will tell if it’s accurate

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2021-06-05

Does Microsoft pay dividends?

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accurate","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/183981769","repostId":"2142210925","repostType":4,"isVote":1,"tweetType":1,"viewCount":1684,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":112363109,"gmtCreate":1622851910701,"gmtModify":1631883775530,"author":{"id":"3581636231442888","authorId":"3581636231442888","name":"579fe29b","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581636231442888","idStr":"3581636231442888"},"themes":[],"htmlText":"This stock quite expensive&nbsp;","listText":"This stock quite expensive&nbsp;","text":"This stock quite expensive","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/112363109","repostId":"1154529120","repostType":4,"repost":{"id":"1154529120","kind":"news","pubTimestamp":1622810459,"share":"https://www.laohu8.com/m/news/1154529120?lang=zh_CN&edition=full","pubTime":"2021-06-04 20:40","market":"hk","language":"en","title":"Can Alibaba Stock Hit $500? If You Got Time, Yes<blockquote>阿里巴巴-SW股价能否触及500美元？如果你有时间，是的</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1154529120","media":"seekingalpha","summary":"Alibaba is a battleground stock where some see a lot of opportunities, while others see many risks.I believe that there are both opportunities and risks, but would see the prior outweighing the latter.In the long run, BABA has a chance of delivering strong gains for those that buy at the current, quite low, valuation.Since its IPO, Alibaba has seen strong share price gains, but it should also be mentioned that shares did peek in H2 2020, and have declined considerably since then:. Alibaba Group'","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Alibaba is a battleground stock where some see a lot of opportunities, while others see many risks.</li>  <li>I believe that there are both opportunities and risks, but would see the prior outweighing the latter.</li>  <li>In the long run, BABA has a chance of delivering strong gains for those that buy at the current, quite low, valuation.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/567d19950e6c8789ce2192b4503f0fa5\" tg-width=\"1536\" tg-height=\"653\" referrerpolicy=\"no-referrer\"><span>Photo by efetova/iStock via Getty Images</span></p><p><blockquote><ul><li>阿里巴巴-SW是一只战场股票，有些人看到了很多机会，而另一些人则看到了很多风险。</li><li>我相信机遇和风险都存在，但我认为前者大于后者。</li><li>从长远来看，阿里巴巴有机会为那些以目前相当低的估值买入的人带来强劲收益。</li></ul><p class=\"t-img-caption\"><span>摄影：efetova/iStock，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> Alibaba Group (BABA) is a leading global high-tech name that continues to generate attractive growth and that offers investors exposure to the high-growth Chinese consumer market. At the same time, through a range of ventures, Alibaba is also active in additional industries, such as cloud computing. Shares have declined considerably over the last couple of months, but I believe that the long-term potential is significant. I would not be surprised to see shares rise towards $500, although that will not happen in the near term.</p><p><blockquote>阿里巴巴-SW集团（BABA）是一家全球领先的高科技公司，持续产生有吸引力的增长，并为投资者提供了接触高增长的中国消费市场的机会。与此同时，通过一系列合资企业，阿里巴巴-SW还活跃在云计算等其他行业。过去几个月股价大幅下跌，但我相信长期潜力巨大。如果股价上涨至500美元，我不会感到惊讶，尽管这不会在短期内发生。</blockquote></p><p> <b>BABA Stock Price</b></p><p><blockquote><b>阿里巴巴股价</b></blockquote></p><p> Since its IPO, Alibaba has seen strong share price gains, but it should also be mentioned that shares did peek in H2 2020, and have declined considerably since then:</p><p><blockquote>自IPO以来，阿里巴巴-SW股价强劲上涨，但也应该提到的是，股价在2020年下半年确实出现了小幅上涨，此后大幅下跌：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8079eeb5384ea003fb3725d3cd1e877f\" tg-width=\"635\" tg-height=\"403\"><span>Data byYCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> Shares are now basically where they were one year ago, as the gains during summer 2020 have been erased when Ant Financial's IPO plans were stopped. The flat share price performance over the last year is somewhat surprising, though, as Alibaba continued to generate strong results in that time frame. During the last quarter, for example, Alibaba showcased a&nbsp;revenue growth rate of 64%, while revenue growth during the previous quarter was also very strong, at around 50%. This is not the only positive in Alibaba's earnings releases, however. The company also managed to grow its user count by 32 million during the most recent quarter alone, which equates to an annualized user growth rate of around 20%. This bodes well for future quarters, as more users on Alibaba's platform should translate into higher revenues. On top of that, the strong user growth shows that there is still growing demand for the shopping services that Alibaba's platforms offer -- the market is not saturated at all. Alibaba also managed to grow its EBITDA by 25% year over year, which is an attractive growth pace as well, and which was achieved despite growing investments in what management calls key growth areas. Income from operations, meanwhile, grew at an even faster pace, thanks to some operating leverage, rising by 48% year over year when adjusted for the fine that Alibaba had to pay during Q1. It makes, I believe, sense to back out this one-time item to get a clearer picture about Alibaba's underlying, \"core\" profitability during an average quarter.</p><p><blockquote>由于蚂蚁金服IPO计划被叫停后，2020年夏季的涨幅已被抹去，股价目前基本处于一年前的水平。不过，去年持平的股价表现有些令人惊讶，因为阿里巴巴-SW在此期间继续取得强劲业绩。例如，上一季度，阿里巴巴-SW的收入增长率为64%，而上一季度的收入增长也非常强劲，在50%左右。然而，这并不是阿里巴巴-SW财报中唯一的积极因素。仅在最近一个季度，该公司的用户数量就增加了3200万，相当于用户年化增长率约为20%。这对未来几个季度来说是个好兆头，因为阿里巴巴-SW平台上的更多用户应该会转化为更高的收入。最重要的是，强劲的用户增长表明，对阿里巴巴-SW平台提供的购物服务的需求仍在增长——市场根本没有饱和。阿里巴巴-SW的EBITDA也同比增长了25%，这也是一个有吸引力的增长速度，尽管管理层在评级关键增长领域的投资不断增加，但这一增长还是实现了。与此同时，由于一些运营杠杆，运营收入增长速度更快，经调整阿里巴巴-SW第一季度必须支付的罚款后，同比增长48%。我认为，为了更清楚地了解阿里巴巴-SW平均季度的基本“核心”盈利能力，放弃这一一次性项目是有意义的。</blockquote></p><p> Alibaba Group's weak share price performance, relative to the broad market and other tech names, is thus not the result of weak operating performance, but rather a result of multiple compression, driven by weak investor sentiment due to China exposure and&nbsp;fears about regulation.</p><p><blockquote>因此，相对于大盘和其他科技股，阿里巴巴-SW集团的股价表现疲软，并不是经营业绩疲软的结果，而是多重压缩的结果，原因是投资者情绪疲软以及对监管的担忧。</blockquote></p><p> At its current price of $220, BABA trades at a quite large discount compared to the current consensus analyst price target of $298. If Alibaba were to hit that, shares would gain 35%. Analyst price targets are usually issued with a 1-year time frame, thus, if the analyst community is correct, Alibaba could be a great investment. From a valuation standpoint, this price target doesn't seem outrageous at all, as $298 would equate to around 29x this year's expected net profits, or 23x next year's net earnings. The latter is likely the more telling one when we talk about a price target for summer 2022, i.e. 1 year from now.</p><p><blockquote>以目前220美元的价格计算，与目前分析师298美元的一致目标价相比，阿里巴巴的交易价格有相当大的折扣。如果阿里巴巴-SW达到这一目标，股价将上涨35%。分析师的价格目标通常以1年的时间框架发布，因此，如果分析师界是正确的，阿里巴巴-SW可能是一项伟大的投资。从估值的角度来看，这个目标价似乎一点也不离谱，因为298美元相当于今年预期净利润的29倍左右，或明年净利润的23倍。当我们谈论2022年夏季（即一年后）的价格目标时，后者可能更能说明问题。</blockquote></p><p> <b>Can Alibaba Stock Hit $500?</b></p><p><blockquote><b>阿里巴巴-SW股价能否触及500美元？</b></blockquote></p><p> The answer to that question, I think, depends on your time frame. If you are looking at a 12-month window, then Alibaba will most likely not be able to hit $500. The ~$300 price target seems achievable, although that is, of course, also not guaranteed. If, however, we take a longer-term view, then $500 seems like a share price that BABA could hit eventually. Let's look at a couple of examples.</p><p><blockquote>我认为，这个问题的答案取决于你的时间框架。如果你着眼于12个月的窗口期，那么阿里巴巴-SW很可能无法达到500美元。300美元左右的价格目标似乎是可以实现的，尽管这当然也不能保证。然而，如果我们从更长远的角度来看，那么500美元似乎是阿里巴巴最终可能触及的股价。让我们看几个例子。</blockquote></p><p> <i>- If Alibaba were to generate earnings per share of $20 at some point and traded at an earnings multiple of 25, then shares would trade at $500.</i></p><p><blockquote><i>-如果阿里巴巴-SW在某个时候每股收益为20美元，市盈率为25倍，那么股价将为500美元。</i></blockquote></p><p> <i>- If Alibaba were to generate earnings per share of $25 and traded at a 20x earnings multiple, then shares would trade at $500.</i></p><p><blockquote><i>-如果阿里巴巴-SW的每股收益为25美元，市盈率为20倍，那么股价将为500美元。</i></blockquote></p><p> <i>- If Alibaba were to generate earnings per share of $17 and traded at 29x its net profits, then shares would trade at (marginally below) $500.</i></p><p><blockquote><i>-如果阿里巴巴-SW的每股收益为17美元，交易价格为净利润的29倍，那么股价将为（略低于）500美元。</i></blockquote></p><p></p><p> We see that there are many scenarios that could get us to a $500 share price for BABA, some of them more likely than others. Of course, the higher your target multiple, the lower the earnings that would be required. This, in turn, means that the price target can be hit sooner, as less cumulative earnings growth would be required. When we take a look at how Alibaba was valued in the past, we see that the longer-term median earnings multiples for BABA look like this:</p><p><blockquote>我们看到，有很多情况可能会让阿里巴巴的股价达到500美元，其中一些情况比其他情况更有可能。当然，你的目标倍数越高，所需的收益就越低。这反过来意味着可以更快达到价格目标，因为所需的累计盈利增长较少。当我们看一下阿里巴巴-SW过去的估值时，我们会发现阿里巴巴的长期市盈率中位数如下所示：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/dd2d42b7094deb394266d6410287c2e4\" tg-width=\"635\" tg-height=\"436\"><span>Data byYCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> At 30-40x net earnings, Alibaba was clearly trading at a massive premium relative to how shares are valued today (around 20x this year's earnings). I think that the current valuation is too low, but on the other hand, I do not expect Alibaba to trade at 30, 35, or even 40x net profits in coming years. Due to the growing scale of Alibaba, which makes it a little harder to maintain its excellent growth in coming years, shares will likely trade at a lower valuation in coming years, compared to how they were valued in the past.</p><p><blockquote>阿里巴巴-SW的净利润为30-40倍，相对于目前的股价估值（约为今年盈利的20倍），显然存在巨大溢价。我认为目前的估值太低，但另一方面，我预计阿里巴巴-SW未来几年的净利润不会达到30倍、35倍甚至40倍。由于阿里巴巴-SW的规模不断扩大，这使得其在未来几年保持出色的增长变得更加困难，与过去的估值相比，未来几年的股价可能会较低。</blockquote></p><p> I still think that shares do have some valuation expansion potential from the current earnings multiple of around 21, thus let's assume that shares trade at 23x net profits in the future. This would still represent a massive discount versus the historic valuation, and also a substantial discount compared to how US-based high-tech mega-caps are valued -- Amazon (AMZN), for example, trades at 59x this year's earnings.</p><p><blockquote>我仍然认为，从目前21倍左右的市盈率来看，该股确实有一定的估值扩张潜力，因此让我们假设该股未来的净利润为23倍。与历史估值相比，这仍然是一个巨大的折扣，与美国高科技大型股的估值相比也是一个巨大的折扣——例如，亚马逊(AMZN)的交易价格是今年市盈率的59倍。</blockquote></p><p> If we want to get to a $500 share price for BABA using a 23x earnings multiple, then we get to earnings per share of $21.70 that Alibaba must generate. When could this be the case? In the following chart, we see EPS estimates for the current year, next year (CY 2022), and CY 2023:</p><p><blockquote>如果我们想使用23倍的市盈率将阿里巴巴的股价达到500美元，那么阿里巴巴-SW必须产生的每股收益为21.70美元。什么时候会是这种情况？在下图中，我们看到了本年度、明年（2022财年）和2023财年的每股收益预测：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6fcf78e0b071eff9753afbdcd96f751c\" tg-width=\"635\" tg-height=\"436\"><span>Data byYCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> If analysts are right, Alibaba will not get to earn $22 a share through 2023, and I think that is realistic. I do not see earnings per share rising by 100%+ between this year and 2023, either. From 2023, it would take another 43% increase in Alibaba's earnings per share to get to $21.70, which is our \"target EPS\" for a $500 share price.</p><p><blockquote>如果分析师是对的，阿里巴巴-SW到2023年每股收益将无法达到22美元，我认为这是现实的。我也不认为今年到2023年间每股收益会增长100%以上。从2023年开始，阿里巴巴-SW的每股收益需要再增长43%才能达到21.70美元，这是我们500美元股价的“目标每股收益”。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7b4c351b4b5eb3328191ccaa9a3b776c\" tg-width=\"635\" tg-height=\"403\"><span>Data byYCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> Analysts are currently forecasting long-term EPS growth of around 27%, which would mean it would take Alibaba about 1.5 years to grow its EPS from $15.20 (2023 estimate) to our target of $21.70. Even if we assume that this is too optimistic and that growth will be just 20% in 2024 and 2025, EPS of $21.70 could be hit by the end of 2025. So, in other words, if Alibaba grows a little less than what analysts are forecasting right now, Alibaba could trade at $500 by the end of 2025 -- or 4.5 years from now. Note that this scenario does not require a high earnings multiple at all -- at 23x net profits, Alibaba wouldn't be expensive, I believe.</p><p><blockquote>分析师目前预测长期每股收益增长约为27%，这意味着阿里巴巴-SW需要大约1.5年的时间才能将每股收益从15.20美元（2023年估计）增长到我们21.70美元的目标。即使我们假设这过于乐观，2024年和2025年的增长率仅为20%，到2025年底每股收益也可能达到21.70美元。因此，换句话说，如果阿里巴巴-SW的增长略低于分析师目前的预测，那么到2025年底（即4.5年后），阿里巴巴-SW的交易价格可能会达到500美元。请注意，这种情况根本不需要很高的市盈率——我相信，阿里巴巴-SW的净利润为23倍，价格并不昂贵。</blockquote></p><p> We can get even more conservative and assume that the 2023 EPS estimate is 10% too high and that EPS will grow by just 17% a year in the years beyond 2023 (versus a long-term forecast of 27% a year by the analyst community). In that case, Alibaba would hit $21.70 in earnings per share in 2026, and shares would rise to $500 over the next 5.5 years. Even in this scenario, BABA wouldn't be a bad investment at all -- a 130% share price increase from the current level over the next 5.5 years would equate to annualized returns of 16%.</p><p><blockquote>我们可以更加保守地假设2023年每股收益预期过高10%，并且2023年之后的几年每股收益每年仅增长17%（而分析师社区的长期预测为每年27%）。在这种情况下，阿里巴巴-SW的每股收益将在2026年达到21.70美元，股价将在未来5.5年内升至500美元。即使在这种情况下，阿里巴巴也根本不是一项糟糕的投资——未来5.5年内股价较当前水平上涨130%，相当于年化回报率为16%。</blockquote></p><p> So, to sum this section up, I'd say<i>yes, BABA can hit $500</i>-- but it will realistically take a couple of years. By the mid-2020s, this seems like a very achievable goal to me, although there are, of course, no guarantees.</p><p><blockquote>所以，总结一下这一部分，我想说<i>是的，阿里巴巴可以达到500美元</i>——但实际上需要几年时间。到2020年代中期，对我来说，这似乎是一个非常可以实现的目标，尽管当然没有任何保证。</blockquote></p><p> <b>Is Alibaba Stock A Buy Or Sell Now?</b></p><p><blockquote><b>阿里巴巴-SW股票现在是买入还是卖出？</b></blockquote></p><p> Alibaba Group is, I believe, a strong investment. The company generates strong growth, profits from multiple long-term macro trends, such as growing consumer spending in China, growing e-commerce market share, and cloud computing. There are, however, risks to consider: Alibaba is highly China-dependent, and in case the economic growth story in China ends, Alibaba would be hurt a lot. On top of that, Alibaba could be targeted again by regulators, although I personally think that it is not in China's best interest to hurt one of its highest-growth tech companies.</p><p><blockquote>我认为，阿里巴巴-SW集团是一项强有力的投资。该公司增长强劲，利润来自多个长期宏观趋势，例如中国消费者支出的增长、电子商务市场份额的增长和云计算。然而，也有一些风险需要考虑：阿里巴巴-SW高度依赖中国，如果中国的经济增长故事结束，阿里巴巴-SW将受到很大伤害。最重要的是，阿里巴巴-SW可能会再次成为监管机构的目标，尽管我个人认为伤害中国增长最快的科技公司之一不符合中国的最佳利益。</blockquote></p><p></p><p> For those that worry about these risks, Alibaba may not be the right choice, but for those that see Alibaba as a potentially very rewarding play on Chinese consumers, BABA could be a strong pick in a diversified portfolio. I belong to the latter group and thus rate the stock a buy at current valuations, expecting significant upside over the coming years. Depending on your risk tolerance and how you weigh the opportunities and threats of investing in Chinese companies, you may decide differently, however.</p><p><blockquote>对于那些担心这些风险的人来说，阿里巴巴-SW可能不是正确的选择，但对于那些认为阿里巴巴-SW对中国消费者来说可能非常有益的投资的人来说，阿里巴巴可能是多元化投资组合中的一个强有力的选择。我属于后一类，因此按当前估值将该股评级为买入，预计未来几年将大幅上涨。然而，根据您的风险承受能力以及您如何权衡投资中国公司的机会和威胁，您可能会做出不同的决定。</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>Can Alibaba Stock Hit $500? If You Got Time, Yes<blockquote>阿里巴巴-SW股价能否触及500美元？如果你有时间，是的</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCan Alibaba Stock Hit $500? If You Got Time, Yes<blockquote>阿里巴巴-SW股价能否触及500美元？如果你有时间，是的</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">seekingalpha</strong><span class=\"h-time small\">2021-06-04 20:40</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>Alibaba is a battleground stock where some see a lot of opportunities, while others see many risks.</li>  <li>I believe that there are both opportunities and risks, but would see the prior outweighing the latter.</li>  <li>In the long run, BABA has a chance of delivering strong gains for those that buy at the current, quite low, valuation.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/567d19950e6c8789ce2192b4503f0fa5\" tg-width=\"1536\" tg-height=\"653\" referrerpolicy=\"no-referrer\"><span>Photo by efetova/iStock via Getty Images</span></p><p><blockquote><ul><li>阿里巴巴-SW是一只战场股票，有些人看到了很多机会，而另一些人则看到了很多风险。</li><li>我相信机遇和风险都存在，但我认为前者大于后者。</li><li>从长远来看，阿里巴巴有机会为那些以目前相当低的估值买入的人带来强劲收益。</li></ul><p class=\"t-img-caption\"><span>摄影：efetova/iStock，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> Alibaba Group (BABA) is a leading global high-tech name that continues to generate attractive growth and that offers investors exposure to the high-growth Chinese consumer market. At the same time, through a range of ventures, Alibaba is also active in additional industries, such as cloud computing. Shares have declined considerably over the last couple of months, but I believe that the long-term potential is significant. I would not be surprised to see shares rise towards $500, although that will not happen in the near term.</p><p><blockquote>阿里巴巴-SW集团（BABA）是一家全球领先的高科技公司，持续产生有吸引力的增长，并为投资者提供了接触高增长的中国消费市场的机会。与此同时，通过一系列合资企业，阿里巴巴-SW还活跃在云计算等其他行业。过去几个月股价大幅下跌，但我相信长期潜力巨大。如果股价上涨至500美元，我不会感到惊讶，尽管这不会在短期内发生。</blockquote></p><p> <b>BABA Stock Price</b></p><p><blockquote><b>阿里巴巴股价</b></blockquote></p><p> Since its IPO, Alibaba has seen strong share price gains, but it should also be mentioned that shares did peek in H2 2020, and have declined considerably since then:</p><p><blockquote>自IPO以来，阿里巴巴-SW股价强劲上涨，但也应该提到的是，股价在2020年下半年确实出现了小幅上涨，此后大幅下跌：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8079eeb5384ea003fb3725d3cd1e877f\" tg-width=\"635\" tg-height=\"403\"><span>Data byYCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> Shares are now basically where they were one year ago, as the gains during summer 2020 have been erased when Ant Financial's IPO plans were stopped. The flat share price performance over the last year is somewhat surprising, though, as Alibaba continued to generate strong results in that time frame. During the last quarter, for example, Alibaba showcased a&nbsp;revenue growth rate of 64%, while revenue growth during the previous quarter was also very strong, at around 50%. This is not the only positive in Alibaba's earnings releases, however. The company also managed to grow its user count by 32 million during the most recent quarter alone, which equates to an annualized user growth rate of around 20%. This bodes well for future quarters, as more users on Alibaba's platform should translate into higher revenues. On top of that, the strong user growth shows that there is still growing demand for the shopping services that Alibaba's platforms offer -- the market is not saturated at all. Alibaba also managed to grow its EBITDA by 25% year over year, which is an attractive growth pace as well, and which was achieved despite growing investments in what management calls key growth areas. Income from operations, meanwhile, grew at an even faster pace, thanks to some operating leverage, rising by 48% year over year when adjusted for the fine that Alibaba had to pay during Q1. It makes, I believe, sense to back out this one-time item to get a clearer picture about Alibaba's underlying, \"core\" profitability during an average quarter.</p><p><blockquote>由于蚂蚁金服IPO计划被叫停后，2020年夏季的涨幅已被抹去，股价目前基本处于一年前的水平。不过，去年持平的股价表现有些令人惊讶，因为阿里巴巴-SW在此期间继续取得强劲业绩。例如，上一季度，阿里巴巴-SW的收入增长率为64%，而上一季度的收入增长也非常强劲，在50%左右。然而，这并不是阿里巴巴-SW财报中唯一的积极因素。仅在最近一个季度，该公司的用户数量就增加了3200万，相当于用户年化增长率约为20%。这对未来几个季度来说是个好兆头，因为阿里巴巴-SW平台上的更多用户应该会转化为更高的收入。最重要的是，强劲的用户增长表明，对阿里巴巴-SW平台提供的购物服务的需求仍在增长——市场根本没有饱和。阿里巴巴-SW的EBITDA也同比增长了25%，这也是一个有吸引力的增长速度，尽管管理层在评级关键增长领域的投资不断增加，但这一增长还是实现了。与此同时，由于一些运营杠杆，运营收入增长速度更快，经调整阿里巴巴-SW第一季度必须支付的罚款后，同比增长48%。我认为，为了更清楚地了解阿里巴巴-SW平均季度的基本“核心”盈利能力，放弃这一一次性项目是有意义的。</blockquote></p><p> Alibaba Group's weak share price performance, relative to the broad market and other tech names, is thus not the result of weak operating performance, but rather a result of multiple compression, driven by weak investor sentiment due to China exposure and&nbsp;fears about regulation.</p><p><blockquote>因此，相对于大盘和其他科技股，阿里巴巴-SW集团的股价表现疲软，并不是经营业绩疲软的结果，而是多重压缩的结果，原因是投资者情绪疲软以及对监管的担忧。</blockquote></p><p> At its current price of $220, BABA trades at a quite large discount compared to the current consensus analyst price target of $298. If Alibaba were to hit that, shares would gain 35%. Analyst price targets are usually issued with a 1-year time frame, thus, if the analyst community is correct, Alibaba could be a great investment. From a valuation standpoint, this price target doesn't seem outrageous at all, as $298 would equate to around 29x this year's expected net profits, or 23x next year's net earnings. The latter is likely the more telling one when we talk about a price target for summer 2022, i.e. 1 year from now.</p><p><blockquote>以目前220美元的价格计算，与目前分析师298美元的一致目标价相比，阿里巴巴的交易价格有相当大的折扣。如果阿里巴巴-SW达到这一目标，股价将上涨35%。分析师的价格目标通常以1年的时间框架发布，因此，如果分析师界是正确的，阿里巴巴-SW可能是一项伟大的投资。从估值的角度来看，这个目标价似乎一点也不离谱，因为298美元相当于今年预期净利润的29倍左右，或明年净利润的23倍。当我们谈论2022年夏季（即一年后）的价格目标时，后者可能更能说明问题。</blockquote></p><p> <b>Can Alibaba Stock Hit $500?</b></p><p><blockquote><b>阿里巴巴-SW股价能否触及500美元？</b></blockquote></p><p> The answer to that question, I think, depends on your time frame. If you are looking at a 12-month window, then Alibaba will most likely not be able to hit $500. The ~$300 price target seems achievable, although that is, of course, also not guaranteed. If, however, we take a longer-term view, then $500 seems like a share price that BABA could hit eventually. Let's look at a couple of examples.</p><p><blockquote>我认为，这个问题的答案取决于你的时间框架。如果你着眼于12个月的窗口期，那么阿里巴巴-SW很可能无法达到500美元。300美元左右的价格目标似乎是可以实现的，尽管这当然也不能保证。然而，如果我们从更长远的角度来看，那么500美元似乎是阿里巴巴最终可能触及的股价。让我们看几个例子。</blockquote></p><p> <i>- If Alibaba were to generate earnings per share of $20 at some point and traded at an earnings multiple of 25, then shares would trade at $500.</i></p><p><blockquote><i>-如果阿里巴巴-SW在某个时候每股收益为20美元，市盈率为25倍，那么股价将为500美元。</i></blockquote></p><p> <i>- If Alibaba were to generate earnings per share of $25 and traded at a 20x earnings multiple, then shares would trade at $500.</i></p><p><blockquote><i>-如果阿里巴巴-SW的每股收益为25美元，市盈率为20倍，那么股价将为500美元。</i></blockquote></p><p> <i>- If Alibaba were to generate earnings per share of $17 and traded at 29x its net profits, then shares would trade at (marginally below) $500.</i></p><p><blockquote><i>-如果阿里巴巴-SW的每股收益为17美元，交易价格为净利润的29倍，那么股价将为（略低于）500美元。</i></blockquote></p><p></p><p> We see that there are many scenarios that could get us to a $500 share price for BABA, some of them more likely than others. Of course, the higher your target multiple, the lower the earnings that would be required. This, in turn, means that the price target can be hit sooner, as less cumulative earnings growth would be required. When we take a look at how Alibaba was valued in the past, we see that the longer-term median earnings multiples for BABA look like this:</p><p><blockquote>我们看到，有很多情况可能会让阿里巴巴的股价达到500美元，其中一些情况比其他情况更有可能。当然，你的目标倍数越高，所需的收益就越低。这反过来意味着可以更快达到价格目标，因为所需的累计盈利增长较少。当我们看一下阿里巴巴-SW过去的估值时，我们会发现阿里巴巴的长期市盈率中位数如下所示：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/dd2d42b7094deb394266d6410287c2e4\" tg-width=\"635\" tg-height=\"436\"><span>Data byYCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> At 30-40x net earnings, Alibaba was clearly trading at a massive premium relative to how shares are valued today (around 20x this year's earnings). I think that the current valuation is too low, but on the other hand, I do not expect Alibaba to trade at 30, 35, or even 40x net profits in coming years. Due to the growing scale of Alibaba, which makes it a little harder to maintain its excellent growth in coming years, shares will likely trade at a lower valuation in coming years, compared to how they were valued in the past.</p><p><blockquote>阿里巴巴-SW的净利润为30-40倍，相对于目前的股价估值（约为今年盈利的20倍），显然存在巨大溢价。我认为目前的估值太低，但另一方面，我预计阿里巴巴-SW未来几年的净利润不会达到30倍、35倍甚至40倍。由于阿里巴巴-SW的规模不断扩大，这使得其在未来几年保持出色的增长变得更加困难，与过去的估值相比，未来几年的股价可能会较低。</blockquote></p><p> I still think that shares do have some valuation expansion potential from the current earnings multiple of around 21, thus let's assume that shares trade at 23x net profits in the future. This would still represent a massive discount versus the historic valuation, and also a substantial discount compared to how US-based high-tech mega-caps are valued -- Amazon (AMZN), for example, trades at 59x this year's earnings.</p><p><blockquote>我仍然认为，从目前21倍左右的市盈率来看，该股确实有一定的估值扩张潜力，因此让我们假设该股未来的净利润为23倍。与历史估值相比，这仍然是一个巨大的折扣，与美国高科技大型股的估值相比也是一个巨大的折扣——例如，亚马逊(AMZN)的交易价格是今年市盈率的59倍。</blockquote></p><p> If we want to get to a $500 share price for BABA using a 23x earnings multiple, then we get to earnings per share of $21.70 that Alibaba must generate. When could this be the case? In the following chart, we see EPS estimates for the current year, next year (CY 2022), and CY 2023:</p><p><blockquote>如果我们想使用23倍的市盈率将阿里巴巴的股价达到500美元，那么阿里巴巴-SW必须产生的每股收益为21.70美元。什么时候会是这种情况？在下图中，我们看到了本年度、明年（2022财年）和2023财年的每股收益预测：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6fcf78e0b071eff9753afbdcd96f751c\" tg-width=\"635\" tg-height=\"436\"><span>Data byYCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> If analysts are right, Alibaba will not get to earn $22 a share through 2023, and I think that is realistic. I do not see earnings per share rising by 100%+ between this year and 2023, either. From 2023, it would take another 43% increase in Alibaba's earnings per share to get to $21.70, which is our \"target EPS\" for a $500 share price.</p><p><blockquote>如果分析师是对的，阿里巴巴-SW到2023年每股收益将无法达到22美元，我认为这是现实的。我也不认为今年到2023年间每股收益会增长100%以上。从2023年开始，阿里巴巴-SW的每股收益需要再增长43%才能达到21.70美元，这是我们500美元股价的“目标每股收益”。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7b4c351b4b5eb3328191ccaa9a3b776c\" tg-width=\"635\" tg-height=\"403\"><span>Data byYCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> Analysts are currently forecasting long-term EPS growth of around 27%, which would mean it would take Alibaba about 1.5 years to grow its EPS from $15.20 (2023 estimate) to our target of $21.70. Even if we assume that this is too optimistic and that growth will be just 20% in 2024 and 2025, EPS of $21.70 could be hit by the end of 2025. So, in other words, if Alibaba grows a little less than what analysts are forecasting right now, Alibaba could trade at $500 by the end of 2025 -- or 4.5 years from now. Note that this scenario does not require a high earnings multiple at all -- at 23x net profits, Alibaba wouldn't be expensive, I believe.</p><p><blockquote>分析师目前预测长期每股收益增长约为27%，这意味着阿里巴巴-SW需要大约1.5年的时间才能将每股收益从15.20美元（2023年估计）增长到我们21.70美元的目标。即使我们假设这过于乐观，2024年和2025年的增长率仅为20%，到2025年底每股收益也可能达到21.70美元。因此，换句话说，如果阿里巴巴-SW的增长略低于分析师目前的预测，那么到2025年底（即4.5年后），阿里巴巴-SW的交易价格可能会达到500美元。请注意，这种情况根本不需要很高的市盈率——我相信，阿里巴巴-SW的净利润为23倍，价格并不昂贵。</blockquote></p><p> We can get even more conservative and assume that the 2023 EPS estimate is 10% too high and that EPS will grow by just 17% a year in the years beyond 2023 (versus a long-term forecast of 27% a year by the analyst community). In that case, Alibaba would hit $21.70 in earnings per share in 2026, and shares would rise to $500 over the next 5.5 years. Even in this scenario, BABA wouldn't be a bad investment at all -- a 130% share price increase from the current level over the next 5.5 years would equate to annualized returns of 16%.</p><p><blockquote>我们可以更加保守地假设2023年每股收益预期过高10%，并且2023年之后的几年每股收益每年仅增长17%（而分析师社区的长期预测为每年27%）。在这种情况下，阿里巴巴-SW的每股收益将在2026年达到21.70美元，股价将在未来5.5年内升至500美元。即使在这种情况下，阿里巴巴也根本不是一项糟糕的投资——未来5.5年内股价较当前水平上涨130%，相当于年化回报率为16%。</blockquote></p><p> So, to sum this section up, I'd say<i>yes, BABA can hit $500</i>-- but it will realistically take a couple of years. By the mid-2020s, this seems like a very achievable goal to me, although there are, of course, no guarantees.</p><p><blockquote>所以，总结一下这一部分，我想说<i>是的，阿里巴巴可以达到500美元</i>——但实际上需要几年时间。到2020年代中期，对我来说，这似乎是一个非常可以实现的目标，尽管当然没有任何保证。</blockquote></p><p> <b>Is Alibaba Stock A Buy Or Sell Now?</b></p><p><blockquote><b>阿里巴巴-SW股票现在是买入还是卖出？</b></blockquote></p><p> Alibaba Group is, I believe, a strong investment. The company generates strong growth, profits from multiple long-term macro trends, such as growing consumer spending in China, growing e-commerce market share, and cloud computing. There are, however, risks to consider: Alibaba is highly China-dependent, and in case the economic growth story in China ends, Alibaba would be hurt a lot. On top of that, Alibaba could be targeted again by regulators, although I personally think that it is not in China's best interest to hurt one of its highest-growth tech companies.</p><p><blockquote>我认为，阿里巴巴-SW集团是一项强有力的投资。该公司增长强劲，利润来自多个长期宏观趋势，例如中国消费者支出的增长、电子商务市场份额的增长和云计算。然而，也有一些风险需要考虑：阿里巴巴-SW高度依赖中国，如果中国的经济增长故事结束，阿里巴巴-SW将受到很大伤害。最重要的是，阿里巴巴-SW可能会再次成为监管机构的目标，尽管我个人认为伤害中国增长最快的科技公司之一不符合中国的最佳利益。</blockquote></p><p></p><p> For those that worry about these risks, Alibaba may not be the right choice, but for those that see Alibaba as a potentially very rewarding play on Chinese consumers, BABA could be a strong pick in a diversified portfolio. I belong to the latter group and thus rate the stock a buy at current valuations, expecting significant upside over the coming years. Depending on your risk tolerance and how you weigh the opportunities and threats of investing in Chinese companies, you may decide differently, however.</p><p><blockquote>对于那些担心这些风险的人来说，阿里巴巴-SW可能不是正确的选择，但对于那些认为阿里巴巴-SW对中国消费者来说可能非常有益的投资的人来说，阿里巴巴可能是多元化投资组合中的一个强有力的选择。我属于后一类，因此按当前估值将该股评级为买入，预计未来几年将大幅上涨。然而，根据您的风险承受能力以及您如何权衡投资中国公司的机会和威胁，您可能会做出不同的决定。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4432992-alibaba-stock-hit-500\">seekingalpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09988":"阿里巴巴-W","BABA":"阿里巴巴"},"source_url":"https://seekingalpha.com/article/4432992-alibaba-stock-hit-500","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1154529120","content_text":"Summary\n\nAlibaba is a battleground stock where some see a lot of opportunities, while others see many risks.\nI believe that there are both opportunities and risks, but would see the prior outweighing the latter.\nIn the long run, BABA has a chance of delivering strong gains for those that buy at the current, quite low, valuation.\n\nPhoto by efetova/iStock via Getty Images\nArticle Thesis\nAlibaba Group (BABA) is a leading global high-tech name that continues to generate attractive growth and that offers investors exposure to the high-growth Chinese consumer market. At the same time, through a range of ventures, Alibaba is also active in additional industries, such as cloud computing. Shares have declined considerably over the last couple of months, but I believe that the long-term potential is significant. I would not be surprised to see shares rise towards $500, although that will not happen in the near term.\nBABA Stock Price\nSince its IPO, Alibaba has seen strong share price gains, but it should also be mentioned that shares did peek in H2 2020, and have declined considerably since then:\nData byYCharts\nShares are now basically where they were one year ago, as the gains during summer 2020 have been erased when Ant Financial's IPO plans were stopped. The flat share price performance over the last year is somewhat surprising, though, as Alibaba continued to generate strong results in that time frame. During the last quarter, for example, Alibaba showcased a revenue growth rate of 64%, while revenue growth during the previous quarter was also very strong, at around 50%. This is not the only positive in Alibaba's earnings releases, however. The company also managed to grow its user count by 32 million during the most recent quarter alone, which equates to an annualized user growth rate of around 20%. This bodes well for future quarters, as more users on Alibaba's platform should translate into higher revenues. On top of that, the strong user growth shows that there is still growing demand for the shopping services that Alibaba's platforms offer -- the market is not saturated at all. Alibaba also managed to grow its EBITDA by 25% year over year, which is an attractive growth pace as well, and which was achieved despite growing investments in what management calls key growth areas. Income from operations, meanwhile, grew at an even faster pace, thanks to some operating leverage, rising by 48% year over year when adjusted for the fine that Alibaba had to pay during Q1. It makes, I believe, sense to back out this one-time item to get a clearer picture about Alibaba's underlying, \"core\" profitability during an average quarter.\nAlibaba Group's weak share price performance, relative to the broad market and other tech names, is thus not the result of weak operating performance, but rather a result of multiple compression, driven by weak investor sentiment due to China exposure and fears about regulation.\nAt its current price of $220, BABA trades at a quite large discount compared to the current consensus analyst price target of $298. If Alibaba were to hit that, shares would gain 35%. Analyst price targets are usually issued with a 1-year time frame, thus, if the analyst community is correct, Alibaba could be a great investment. From a valuation standpoint, this price target doesn't seem outrageous at all, as $298 would equate to around 29x this year's expected net profits, or 23x next year's net earnings. The latter is likely the more telling one when we talk about a price target for summer 2022, i.e. 1 year from now.\nCan Alibaba Stock Hit $500?\nThe answer to that question, I think, depends on your time frame. If you are looking at a 12-month window, then Alibaba will most likely not be able to hit $500. The ~$300 price target seems achievable, although that is, of course, also not guaranteed. If, however, we take a longer-term view, then $500 seems like a share price that BABA could hit eventually. Let's look at a couple of examples.\n- If Alibaba were to generate earnings per share of $20 at some point and traded at an earnings multiple of 25, then shares would trade at $500.\n- If Alibaba were to generate earnings per share of $25 and traded at a 20x earnings multiple, then shares would trade at $500.\n- If Alibaba were to generate earnings per share of $17 and traded at 29x its net profits, then shares would trade at (marginally below) $500.\nWe see that there are many scenarios that could get us to a $500 share price for BABA, some of them more likely than others. Of course, the higher your target multiple, the lower the earnings that would be required. This, in turn, means that the price target can be hit sooner, as less cumulative earnings growth would be required. When we take a look at how Alibaba was valued in the past, we see that the longer-term median earnings multiples for BABA look like this:\nData byYCharts\nAt 30-40x net earnings, Alibaba was clearly trading at a massive premium relative to how shares are valued today (around 20x this year's earnings). I think that the current valuation is too low, but on the other hand, I do not expect Alibaba to trade at 30, 35, or even 40x net profits in coming years. Due to the growing scale of Alibaba, which makes it a little harder to maintain its excellent growth in coming years, shares will likely trade at a lower valuation in coming years, compared to how they were valued in the past.\nI still think that shares do have some valuation expansion potential from the current earnings multiple of around 21, thus let's assume that shares trade at 23x net profits in the future. This would still represent a massive discount versus the historic valuation, and also a substantial discount compared to how US-based high-tech mega-caps are valued -- Amazon (AMZN), for example, trades at 59x this year's earnings.\nIf we want to get to a $500 share price for BABA using a 23x earnings multiple, then we get to earnings per share of $21.70 that Alibaba must generate. When could this be the case? In the following chart, we see EPS estimates for the current year, next year (CY 2022), and CY 2023:\nData byYCharts\nIf analysts are right, Alibaba will not get to earn $22 a share through 2023, and I think that is realistic. I do not see earnings per share rising by 100%+ between this year and 2023, either. From 2023, it would take another 43% increase in Alibaba's earnings per share to get to $21.70, which is our \"target EPS\" for a $500 share price.\nData byYCharts\nAnalysts are currently forecasting long-term EPS growth of around 27%, which would mean it would take Alibaba about 1.5 years to grow its EPS from $15.20 (2023 estimate) to our target of $21.70. Even if we assume that this is too optimistic and that growth will be just 20% in 2024 and 2025, EPS of $21.70 could be hit by the end of 2025. So, in other words, if Alibaba grows a little less than what analysts are forecasting right now, Alibaba could trade at $500 by the end of 2025 -- or 4.5 years from now. Note that this scenario does not require a high earnings multiple at all -- at 23x net profits, Alibaba wouldn't be expensive, I believe.\nWe can get even more conservative and assume that the 2023 EPS estimate is 10% too high and that EPS will grow by just 17% a year in the years beyond 2023 (versus a long-term forecast of 27% a year by the analyst community). In that case, Alibaba would hit $21.70 in earnings per share in 2026, and shares would rise to $500 over the next 5.5 years. Even in this scenario, BABA wouldn't be a bad investment at all -- a 130% share price increase from the current level over the next 5.5 years would equate to annualized returns of 16%.\nSo, to sum this section up, I'd sayyes, BABA can hit $500-- but it will realistically take a couple of years. By the mid-2020s, this seems like a very achievable goal to me, although there are, of course, no guarantees.\nIs Alibaba Stock A Buy Or Sell Now?\nAlibaba Group is, I believe, a strong investment. The company generates strong growth, profits from multiple long-term macro trends, such as growing consumer spending in China, growing e-commerce market share, and cloud computing. There are, however, risks to consider: Alibaba is highly China-dependent, and in case the economic growth story in China ends, Alibaba would be hurt a lot. On top of that, Alibaba could be targeted again by regulators, although I personally think that it is not in China's best interest to hurt one of its highest-growth tech companies.\nFor those that worry about these risks, Alibaba may not be the right choice, but for those that see Alibaba as a potentially very rewarding play on Chinese consumers, BABA could be a strong pick in a diversified portfolio. I belong to the latter group and thus rate the stock a buy at current valuations, expecting significant upside over the coming years. Depending on your risk tolerance and how you weigh the opportunities and threats of investing in Chinese companies, you may decide differently, however.","news_type":1,"symbols_score_info":{"BABA":0.9,"09988":0.9}},"isVote":1,"tweetType":1,"viewCount":2840,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":112369522,"gmtCreate":1622851864166,"gmtModify":1631889235136,"author":{"id":"3581636231442888","authorId":"3581636231442888","name":"579fe29b","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581636231442888","idStr":"3581636231442888"},"themes":[],"htmlText":"Does Microsoft pay dividends?","listText":"Does Microsoft pay dividends?","text":"Does Microsoft pay dividends?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/112369522","repostId":"2140540596","repostType":4,"isVote":1,"tweetType":1,"viewCount":457,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":112360402,"gmtCreate":1622851831006,"gmtModify":1631889235150,"author":{"id":"3581636231442888","authorId":"3581636231442888","name":"579fe29b","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581636231442888","idStr":"3581636231442888"},"themes":[],"htmlText":"Does Microsoft pay dividends?","listText":"Does Microsoft pay dividends?","text":"Does Microsoft pay dividends?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/112360402","repostId":"2140540596","repostType":4,"isVote":1,"tweetType":1,"viewCount":656,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":116184223,"gmtCreate":1622780761062,"gmtModify":1631889235165,"author":{"id":"3581636231442888","authorId":"3581636231442888","name":"579fe29b","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581636231442888","idStr":"3581636231442888"},"themes":[],"htmlText":"Anyone bought AMC shares? Is it too late to buy?","listText":"Anyone bought AMC shares? Is it too late to buy?","text":"Anyone bought AMC shares? Is it too late to buy?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/116184223","repostId":"1182776229","repostType":4,"isVote":1,"tweetType":1,"viewCount":491,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":116182423,"gmtCreate":1622780678462,"gmtModify":1631889235176,"author":{"id":"3581636231442888","authorId":"3581636231442888","name":"579fe29b","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581636231442888","idStr":"3581636231442888"},"themes":[],"htmlText":"Anyone bought google share? Does it pay dividends?","listText":"Anyone bought google share? Does it pay dividends?","text":"Anyone bought google share? Does it pay dividends?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/116182423","repostId":"1186526766","repostType":4,"isVote":1,"tweetType":1,"viewCount":796,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":113884273,"gmtCreate":1622603606892,"gmtModify":1631889235187,"author":{"id":"3581636231442888","authorId":"3581636231442888","name":"579fe29b","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581636231442888","idStr":"3581636231442888"},"themes":[],"htmlText":"Is zoom worth buying?","listText":"Is zoom worth buying?","text":"Is zoom worth buying?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/113884273","repostId":"1184181912","repostType":4,"repost":{"id":"1184181912","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":1622589761,"share":"https://www.laohu8.com/m/news/1184181912?lang=zh_CN&edition=full","pubTime":"2021-06-02 07:22","market":"hk","language":"en","title":"Zoom reports blowout earnings but warns of a coming slowdown<blockquote>Zoom报告盈利井喷，但警告即将放缓</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1184181912","media":"Tiger Newspress","summary":"Zoomreported better-than-expected first-quarter results Tuesday, with sales growth of 191%. The shar","content":"<p>Zoomreported better-than-expected first-quarter results Tuesday, with sales growth of 191%. The shares rose 4% in extended trading after initially falling as much as 5% as the company showed signs of a looming slowdown.<img src=\"https://static.tigerbbs.com/b1b99facf2971e24b0cf0b93e9021c5a\" tg-width=\"692\" tg-height=\"527\">Here’s how the company did:</p><p><blockquote>Zoom周二公布的第一季度业绩好于预期，销售额增长191%。由于该公司显示出即将放缓的迹象，该股最初下跌5%，随后在盘后交易中上涨4%。该公司的做法如下：</blockquote></p><p> <ul>  <li><b>Earnings:</b>$1.32 per share, adjusted, vs. 99 cents per share as expected by analysts, according to Refinitiv.</li>  <li><b>Revenue:</b>$956.2 million, vs. $906.0 million as expected by analysts, according to Refinitiv.</li> </ul> Revenue in the quarter, which ended on April 30, jumped from $328.2 million a year earlier, according to astatement. In the previous quarter revenuerose 369%as <a href=\"https://laohu8.com/S/ZM\">Zoom</a> lapped the onset of the coronavirus pandemic in the U.S., which brought inmillions of new users.<img src=\"https://static.tigerbbs.com/402d4ca1cb0a713d00d91053cedc620f\" tg-width=\"890\" tg-height=\"445\">The company’s gross margin widened to 73.9% from 69.4% in the previous quarter, primarily because of optimization of public-cloud resources, the company said. Zoom said its Zoom Phone product, including cloud-based phone services along with video calls and other capabilities, had 1.5 million seats at the end of April, up from1 millionin January.</p><p><blockquote><ul><li><b>收益：</b>根据Refinitiv的数据，调整后每股1.32美元，而分析师预期为每股99美分。</li><li><b>收入：</b>根据Refinitiv的数据，为9.562亿美元，而分析师预期为9.06亿美元。</li></ul>根据一份声明，截至4月30日的季度收入较去年同期的3.282亿美元跃升。上一季度收入增长369%<a href=\"https://laohu8.com/S/ZM\">Zoom</a>冠状病毒疫情在美国爆发，带来了数百万新用户。该公司表示，该公司的毛利率从上一季度的69.4%扩大至73.9%，这主要是由于公有云资源的优化。Zoom表示，其Zoom Phone产品包括基于云的电话服务以及视频评级和其他功能，截至4月底拥有150万个座位，高于1月份的100万个。</blockquote></p><p> Zoom said it expects $1.14 to $1.15 in adjusted earnings per share on $985 million to $990 million in revenue in the fiscal second quarter. Analysts polled by Refinitiv had expected adjusted earnings of 94 cents per share and $931.8 million in revenue.</p><p><blockquote>Zoom表示，预计第二财季调整后每股收益为1.14美元至1.15美元，营收为9.85亿美元至9.9亿美元。Refinitiv调查的分析师此前预计调整后每股收益为94美分，营收为9.318亿美元。</blockquote></p><p> For the full 2022 fiscal year, Zoom now sees $4.56 to $4.61 in adjusted earnings per share and $3.98 billion to $3.99 billion in revenue. Analysts polled by Refinitiv had been looking for $3.76 in adjusted earnings per share and $3.8 billion in revenue.</p><p><blockquote>Zoom目前预计2022财年全年调整后每股收益为4.56美元至4.61美元，营收为39.8亿美元至39.9亿美元。Refinitiv调查的分析师此前预计调整后每股收益为3.76美元，营收为38亿美元。</blockquote></p><p> Notwithstanding the after-hours move, shares of Zoom have fallen about 3% since the start of 2021, while the S&amp;P 500 index is up nearly 12% over the same period.</p><p><blockquote>尽管盘后走势，Zoom股价自2021年初以来已下跌约3%，而标普500指数同期上涨近12%。</blockquote></p><p> During the quarter, Zoom announcedenhancements to its Zoom Rooms offeringfor meeting locations, as well as a$100 million venture-capital fund.</p><p><blockquote>本季度，Zoom宣布增强其Zoom Rooms会议地点产品，并设立1亿美元的风险投资基金。</blockquote></p><p> Executives will discuss the results with analysts on a Zoom call starting at 5 p.m. ET.</p><p><blockquote>高管们将于下午5点开始在Zoom看涨期权上与分析师讨论结果。等。</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 blowout earnings but warns of a coming slowdown<blockquote>Zoom报告盈利井喷，但警告即将放缓</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 blowout earnings but warns of a coming slowdown<blockquote>Zoom报告盈利井喷，但警告即将放缓</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-06-02 07:22</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Zoomreported better-than-expected first-quarter results Tuesday, with sales growth of 191%. The shares rose 4% in extended trading after initially falling as much as 5% as the company showed signs of a looming slowdown.<img src=\"https://static.tigerbbs.com/b1b99facf2971e24b0cf0b93e9021c5a\" tg-width=\"692\" tg-height=\"527\">Here’s how the company did:</p><p><blockquote>Zoom周二公布的第一季度业绩好于预期，销售额增长191%。由于该公司显示出即将放缓的迹象，该股最初下跌5%，随后在盘后交易中上涨4%。该公司的做法如下：</blockquote></p><p> <ul>  <li><b>Earnings:</b>$1.32 per share, adjusted, vs. 99 cents per share as expected by analysts, according to Refinitiv.</li>  <li><b>Revenue:</b>$956.2 million, vs. $906.0 million as expected by analysts, according to Refinitiv.</li> </ul> Revenue in the quarter, which ended on April 30, jumped from $328.2 million a year earlier, according to astatement. In the previous quarter revenuerose 369%as <a href=\"https://laohu8.com/S/ZM\">Zoom</a> lapped the onset of the coronavirus pandemic in the U.S., which brought inmillions of new users.<img src=\"https://static.tigerbbs.com/402d4ca1cb0a713d00d91053cedc620f\" tg-width=\"890\" tg-height=\"445\">The company’s gross margin widened to 73.9% from 69.4% in the previous quarter, primarily because of optimization of public-cloud resources, the company said. Zoom said its Zoom Phone product, including cloud-based phone services along with video calls and other capabilities, had 1.5 million seats at the end of April, up from1 millionin January.</p><p><blockquote><ul><li><b>收益：</b>根据Refinitiv的数据，调整后每股1.32美元，而分析师预期为每股99美分。</li><li><b>收入：</b>根据Refinitiv的数据，为9.562亿美元，而分析师预期为9.06亿美元。</li></ul>根据一份声明，截至4月30日的季度收入较去年同期的3.282亿美元跃升。上一季度收入增长369%<a href=\"https://laohu8.com/S/ZM\">Zoom</a>冠状病毒疫情在美国爆发，带来了数百万新用户。该公司表示，该公司的毛利率从上一季度的69.4%扩大至73.9%，这主要是由于公有云资源的优化。Zoom表示，其Zoom Phone产品包括基于云的电话服务以及视频评级和其他功能，截至4月底拥有150万个座位，高于1月份的100万个。</blockquote></p><p> Zoom said it expects $1.14 to $1.15 in adjusted earnings per share on $985 million to $990 million in revenue in the fiscal second quarter. Analysts polled by Refinitiv had expected adjusted earnings of 94 cents per share and $931.8 million in revenue.</p><p><blockquote>Zoom表示，预计第二财季调整后每股收益为1.14美元至1.15美元，营收为9.85亿美元至9.9亿美元。Refinitiv调查的分析师此前预计调整后每股收益为94美分，营收为9.318亿美元。</blockquote></p><p> For the full 2022 fiscal year, Zoom now sees $4.56 to $4.61 in adjusted earnings per share and $3.98 billion to $3.99 billion in revenue. Analysts polled by Refinitiv had been looking for $3.76 in adjusted earnings per share and $3.8 billion in revenue.</p><p><blockquote>Zoom目前预计2022财年全年调整后每股收益为4.56美元至4.61美元，营收为39.8亿美元至39.9亿美元。Refinitiv调查的分析师此前预计调整后每股收益为3.76美元，营收为38亿美元。</blockquote></p><p> Notwithstanding the after-hours move, shares of Zoom have fallen about 3% since the start of 2021, while the S&amp;P 500 index is up nearly 12% over the same period.</p><p><blockquote>尽管盘后走势，Zoom股价自2021年初以来已下跌约3%，而标普500指数同期上涨近12%。</blockquote></p><p> During the quarter, Zoom announcedenhancements to its Zoom Rooms offeringfor meeting locations, as well as a$100 million venture-capital fund.</p><p><blockquote>本季度，Zoom宣布增强其Zoom Rooms会议地点产品，并设立1亿美元的风险投资基金。</blockquote></p><p> Executives will discuss the results with analysts on a Zoom call starting at 5 p.m. ET.</p><p><blockquote>高管们将于下午5点开始在Zoom看涨期权上与分析师讨论结果。等。</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":"1184181912","content_text":"Zoomreported better-than-expected first-quarter results Tuesday, with sales growth of 191%. The shares rose 4% in extended trading after initially falling as much as 5% as the company showed signs of a looming slowdown.Here’s how the company did:\n\nEarnings:$1.32 per share, adjusted, vs. 99 cents per share as expected by analysts, according to Refinitiv.\nRevenue:$956.2 million, vs. $906.0 million as expected by analysts, according to Refinitiv.\n\nRevenue in the quarter, which ended on April 30, jumped from $328.2 million a year earlier, according to astatement. In the previous quarter revenuerose 369%as Zoom lapped the onset of the coronavirus pandemic in the U.S., which brought inmillions of new users.The company’s gross margin widened to 73.9% from 69.4% in the previous quarter, primarily because of optimization of public-cloud resources, the company said. Zoom said its Zoom Phone product, including cloud-based phone services along with video calls and other capabilities, had 1.5 million seats at the end of April, up from1 millionin January.\nZoom said it expects $1.14 to $1.15 in adjusted earnings per share on $985 million to $990 million in revenue in the fiscal second quarter. Analysts polled by Refinitiv had expected adjusted earnings of 94 cents per share and $931.8 million in revenue.\nFor the full 2022 fiscal year, Zoom now sees $4.56 to $4.61 in adjusted earnings per share and $3.98 billion to $3.99 billion in revenue. Analysts polled by Refinitiv had been looking for $3.76 in adjusted earnings per share and $3.8 billion in revenue.\nNotwithstanding the after-hours move, shares of Zoom have fallen about 3% since the start of 2021, while the S&P 500 index is up nearly 12% over the same period.\nDuring the quarter, Zoom announcedenhancements to its Zoom Rooms offeringfor meeting locations, as well as a$100 million venture-capital fund.\nExecutives will discuss the results with analysts on a Zoom call starting at 5 p.m. ET.","news_type":1,"symbols_score_info":{"ZM":0.9}},"isVote":1,"tweetType":1,"viewCount":719,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":113885749,"gmtCreate":1622603531381,"gmtModify":1631889235200,"author":{"id":"3581636231442888","authorId":"3581636231442888","name":"579fe29b","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581636231442888","idStr":"3581636231442888"},"themes":[],"htmlText":"Bitcoin is too expensive. NFTs are complicated.&nbsp;","listText":"Bitcoin is too expensive. NFTs are complicated.&nbsp;","text":"Bitcoin is too expensive. NFTs are complicated.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/113885749","repostId":"1143584889","repostType":4,"isVote":1,"tweetType":1,"viewCount":612,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":137588366,"gmtCreate":1622362346455,"gmtModify":1631889235214,"author":{"id":"3581636231442888","authorId":"3581636231442888","name":"579fe29b","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581636231442888","idStr":"3581636231442888"},"themes":[],"htmlText":"Is the share stable?","listText":"Is the share stable?","text":"Is the share stable?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/137588366","repostId":"1138969525","repostType":4,"repost":{"id":"1138969525","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":1622036214,"share":"https://www.laohu8.com/m/news/1138969525?lang=zh_CN&edition=full","pubTime":"2021-05-26 21:36","market":"us","language":"en","title":"Ford Motor shares surges 4%<blockquote>福特汽车股价飙升4%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1138969525","media":"Tiger Newspress","summary":"Today Ford Motor shares surges 4%.\nFord Motor Co on Wednesday outlined plans to boost spending on it","content":"<p>Today&nbsp;Ford Motor&nbsp;shares&nbsp;surges&nbsp;4%.</p><p><blockquote>今天福特汽车股价飙升4%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/bda7acf749f476c235382140f1c6718a\" tg-width=\"801\" tg-height=\"613\">Ford Motor Co&nbsp;on Wednesday outlined plans to boost spending on its electrification efforts by more than a third and said it aims to have 40% of its global volume be all electric by 2030 in a move to step up its push on EVs.</p><p><blockquote>福特汽车公司周三概述了将电气化支出增加三分之一以上的计划，并表示其目标是到2030年使其全球销量的40%全部为电动汽车，以加大对电动汽车的推广力度。</blockquote></p><p> Under a plan dubbed \"Ford+,\" the No. 2 U.S. automaker said it now expects to spend more than $30 billion on electrification, including battery development, by 2030, up from its prior target of $22 billion. It has launched the all-electric Mustang Mach-E crossover, and plans to introduce electric versions of the Transit van and F-150 pickup.</p><p><blockquote>根据一项名为“福特+”的计划，这家美国第二大汽车制造商表示，目前预计到2030年将在电气化（包括电池开发）上花费超过300亿美元，高于之前220亿美元的目标。它推出了全电动野马Mach-E跨界车，并计划推出全顺货车和F-150皮卡的电动版本。</blockquote></p><p> \"This is our biggest opportunity for growth and value creation since Henry Ford started to scale the Model T,\" Ford Chief Executive Jim Farley said in a statement.</p><p><blockquote>福特首席执行官吉姆·法利在一份声明中表示：“这是自亨利·福特开始扩大T型车以来我们最大的增长和价值创造机会。”</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ford Motor shares surges 4%<blockquote>福特汽车股价飙升4%</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFord Motor shares surges 4%<blockquote>福特汽车股价飙升4%</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-05-26 21:36</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Today&nbsp;Ford Motor&nbsp;shares&nbsp;surges&nbsp;4%.</p><p><blockquote>今天福特汽车股价飙升4%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/bda7acf749f476c235382140f1c6718a\" tg-width=\"801\" tg-height=\"613\">Ford Motor Co&nbsp;on Wednesday outlined plans to boost spending on its electrification efforts by more than a third and said it aims to have 40% of its global volume be all electric by 2030 in a move to step up its push on EVs.</p><p><blockquote>福特汽车公司周三概述了将电气化支出增加三分之一以上的计划，并表示其目标是到2030年使其全球销量的40%全部为电动汽车，以加大对电动汽车的推广力度。</blockquote></p><p> Under a plan dubbed \"Ford+,\" the No. 2 U.S. automaker said it now expects to spend more than $30 billion on electrification, including battery development, by 2030, up from its prior target of $22 billion. It has launched the all-electric Mustang Mach-E crossover, and plans to introduce electric versions of the Transit van and F-150 pickup.</p><p><blockquote>根据一项名为“福特+”的计划，这家美国第二大汽车制造商表示，目前预计到2030年将在电气化（包括电池开发）上花费超过300亿美元，高于之前220亿美元的目标。它推出了全电动野马Mach-E跨界车，并计划推出全顺货车和F-150皮卡的电动版本。</blockquote></p><p> \"This is our biggest opportunity for growth and value creation since Henry Ford started to scale the Model T,\" Ford Chief Executive Jim Farley said in a statement.</p><p><blockquote>福特首席执行官吉姆·法利在一份声明中表示：“这是自亨利·福特开始扩大T型车以来我们最大的增长和价值创造机会。”</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1138969525","content_text":"Today Ford Motor shares surges 4%.\nFord Motor Co on Wednesday outlined plans to boost spending on its electrification efforts by more than a third and said it aims to have 40% of its global volume be all electric by 2030 in a move to step up its push on EVs.\nUnder a plan dubbed \"Ford+,\" the No. 2 U.S. automaker said it now expects to spend more than $30 billion on electrification, including battery development, by 2030, up from its prior target of $22 billion. It has launched the all-electric Mustang Mach-E crossover, and plans to introduce electric versions of the Transit van and F-150 pickup.\n\"This is our biggest opportunity for growth and value creation since Henry Ford started to scale the Model T,\" Ford Chief Executive Jim Farley said in a statement.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":590,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":135455829,"gmtCreate":1622178886161,"gmtModify":1631889235223,"author":{"id":"3581636231442888","authorId":"3581636231442888","name":"579fe29b","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581636231442888","idStr":"3581636231442888"},"themes":[],"htmlText":"$2 per share is still quite expensive.","listText":"$2 per share is still quite expensive.","text":"$2 per share is still quite expensive.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/135455829","repostId":"1110066138","repostType":4,"isVote":1,"tweetType":1,"viewCount":424,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":132018029,"gmtCreate":1622044397861,"gmtModify":1631889235237,"author":{"id":"3581636231442888","authorId":"3581636231442888","name":"579fe29b","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581636231442888","idStr":"3581636231442888"},"themes":[],"htmlText":"Apple will allow payment via crypto?","listText":"Apple will allow payment via crypto?","text":"Apple will allow payment via crypto?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/132018029","repostId":"1111418097","repostType":4,"isVote":1,"tweetType":1,"viewCount":682,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":138314331,"gmtCreate":1621909878023,"gmtModify":1631889235246,"author":{"id":"3581636231442888","authorId":"3581636231442888","name":"579fe29b","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581636231442888","idStr":"3581636231442888"},"themes":[],"htmlText":"Is this stock worth buying? Any dividends paid?","listText":"Is this stock worth buying? Any dividends paid?","text":"Is this stock worth buying? Any dividends paid?","images":[{"img":"https://static.tigerbbs.com/6d3c5730e123d12fbfe56803bce2b90e","width":"1125","height":"2751"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/138314331","isVote":1,"tweetType":1,"viewCount":452,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"hots":[{"id":146810097,"gmtCreate":1626065273219,"gmtModify":1631883775423,"author":{"id":"3581636231442888","authorId":"3581636231442888","name":"579fe29b","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581636231442888","idStr":"3581636231442888"},"themes":[],"htmlText":"Shareholders probably get nothing back from this.","listText":"Shareholders probably get nothing back from this.","text":"Shareholders probably get nothing back from this.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":11,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/146810097","repostId":"1105201166","repostType":4,"isVote":1,"tweetType":1,"viewCount":3178,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":130774527,"gmtCreate":1621570745669,"gmtModify":1631892028214,"author":{"id":"3581636231442888","authorId":"3581636231442888","name":"579fe29b","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581636231442888","idStr":"3581636231442888"},"themes":[],"htmlText":"Now is a good time to buy tech shares?","listText":"Now is a good time to buy tech shares?","text":"Now is a good time to buy tech shares?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/130774527","repostId":"2137763179","repostType":4,"isVote":1,"tweetType":1,"viewCount":643,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":112369522,"gmtCreate":1622851864166,"gmtModify":1631889235136,"author":{"id":"3581636231442888","authorId":"3581636231442888","name":"579fe29b","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581636231442888","idStr":"3581636231442888"},"themes":[],"htmlText":"Does Microsoft pay dividends?","listText":"Does Microsoft pay dividends?","text":"Does Microsoft pay dividends?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/112369522","repostId":"2140540596","repostType":4,"isVote":1,"tweetType":1,"viewCount":457,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":132018029,"gmtCreate":1622044397861,"gmtModify":1631889235237,"author":{"id":"3581636231442888","authorId":"3581636231442888","name":"579fe29b","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581636231442888","idStr":"3581636231442888"},"themes":[],"htmlText":"Apple will allow payment via crypto?","listText":"Apple will allow payment via crypto?","text":"Apple will allow payment via crypto?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/132018029","repostId":"1111418097","repostType":4,"repost":{"id":"1111418097","kind":"news","pubTimestamp":1622041378,"share":"https://www.laohu8.com/m/news/1111418097?lang=zh_CN&edition=full","pubTime":"2021-05-26 23:02","market":"us","language":"en","title":"Apple Is Looking for Crypto Experience in ‘Alternative Payments’ Job Post<blockquote>苹果正在寻找“替代支付”职位的加密货币经验</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1111418097","media":"coindesk","summary":"Apple is looking to hire a business development manager with experience in the cryptocurrency indust","content":"<p>Apple is looking to hire a business development manager with experience in the cryptocurrency industry to lead its “alternative payments” partnership program.</p><p><blockquote>苹果正在寻求聘请一位在加密货币行业拥有经验的业务开发经理来领导其“替代支付”合作伙伴计划。</blockquote></p><p>In a Wednesday&nbsp;job posting, Apple said candidates should have five years or more “working in or with alternative payment providers, such as digital wallets, BNPL [buy now pay later], Fast Payments, cryptocurrency and etc.”</p><p><blockquote>苹果在周三的招聘启事中表示，候选人应该有五年或更长时间的“在替代支付提供商工作，例如数字钱包、BNPL（先买后付）、快速支付、加密货币等”。</blockquote></p><p>The Cupertino tech giant said the manager would be Apple’s chief negotiator for the alternative payments space.</p><p><blockquote>这家库比蒂诺科技巨头表示，这位经理将成为苹果在替代支付领域的首席谈判代表。</blockquote></p><p>“The Apple Wallets, Payments, and Commerce (WPC) team is seeking an experienced Business Development Manager to lead Alternative Payments Partnerships,” the company wrote.</p><p><blockquote>该公司写道：“苹果钱包、支付和商务(WPC)团队正在寻找一位经验丰富的业务开发经理来领导替代支付合作伙伴关系。”</blockquote></p><p>Apple has long maintained an ironclad grip over payments, especially in its App Store, which has never accepted customers’ crypto and forces all catalog apps to use Apple’s commerce rails and play by Apple’s rules.</p><p><blockquote>苹果长期以来一直对支付保持着铁腕的控制，尤其是在其应用商店中，该商店从未接受客户的加密货币，并迫使所有目录应用程序使用苹果的商业轨道并遵守苹果的规则。</blockquote></p><p>That tightly-controlled ecosystem is the focus of a blockbuster court fight launched by Fortnite developer Epic Games. Epic alleges Apple’s rules violate antitrust laws and stifle payments innovation. App developers could accept “bitcoin or other cryptocurrencies” if not for Apple’s restrictions, Epicclaimedin the suit.</p><p><blockquote>这个严格控制的生态系统是堡垒之夜开发商Epic Games发起的一场轰动一时的法庭斗争的焦点。Epic声称苹果的规则违反了反垄断法并扼杀了支付创新。Epic在诉讼中声称，如果没有苹果的限制，应用程序开发者可以接受“比特币或其他加密货币”。</blockquote></p><p>Apple has made no public statements about its plans for the crypto space. The company did not immediately return CoinDesk’s calls.</p><p><blockquote>苹果尚未就其加密领域的计划发表公开声明。该公司没有立即归还CoinDesk的评级。</blockquote></p><p>Even so, pockets of the crypto space seem to be preparing for Apple. Coinbase included Apple Pay graphics in a recent app update, according toMacRumors.</p><p><blockquote>即便如此，一些加密货币领域似乎正在为苹果做准备。据MacRumors报道，Coinbase在最近的应用程序更新中包含了苹果支付图形。</blockquote></p><p></p>","source":"lsy1572937250936","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple Is Looking for Crypto Experience in ‘Alternative Payments’ Job Post<blockquote>苹果正在寻找“替代支付”职位的加密货币经验</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple Is Looking for Crypto Experience in ‘Alternative Payments’ Job Post<blockquote>苹果正在寻找“替代支付”职位的加密货币经验</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">coindesk</strong><span class=\"h-time small\">2021-05-26 23:02</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Apple is looking to hire a business development manager with experience in the cryptocurrency industry to lead its “alternative payments” partnership program.</p><p><blockquote>苹果正在寻求聘请一位在加密货币行业拥有经验的业务开发经理来领导其“替代支付”合作伙伴计划。</blockquote></p><p>In a Wednesday&nbsp;job posting, Apple said candidates should have five years or more “working in or with alternative payment providers, such as digital wallets, BNPL [buy now pay later], Fast Payments, cryptocurrency and etc.”</p><p><blockquote>苹果在周三的招聘启事中表示，候选人应该有五年或更长时间的“在替代支付提供商工作，例如数字钱包、BNPL（先买后付）、快速支付、加密货币等”。</blockquote></p><p>The Cupertino tech giant said the manager would be Apple’s chief negotiator for the alternative payments space.</p><p><blockquote>这家库比蒂诺科技巨头表示，这位经理将成为苹果在替代支付领域的首席谈判代表。</blockquote></p><p>“The Apple Wallets, Payments, and Commerce (WPC) team is seeking an experienced Business Development Manager to lead Alternative Payments Partnerships,” the company wrote.</p><p><blockquote>该公司写道：“苹果钱包、支付和商务(WPC)团队正在寻找一位经验丰富的业务开发经理来领导替代支付合作伙伴关系。”</blockquote></p><p>Apple has long maintained an ironclad grip over payments, especially in its App Store, which has never accepted customers’ crypto and forces all catalog apps to use Apple’s commerce rails and play by Apple’s rules.</p><p><blockquote>苹果长期以来一直对支付保持着铁腕的控制，尤其是在其应用商店中，该商店从未接受客户的加密货币，并迫使所有目录应用程序使用苹果的商业轨道并遵守苹果的规则。</blockquote></p><p>That tightly-controlled ecosystem is the focus of a blockbuster court fight launched by Fortnite developer Epic Games. Epic alleges Apple’s rules violate antitrust laws and stifle payments innovation. App developers could accept “bitcoin or other cryptocurrencies” if not for Apple’s restrictions, Epicclaimedin the suit.</p><p><blockquote>这个严格控制的生态系统是堡垒之夜开发商Epic Games发起的一场轰动一时的法庭斗争的焦点。Epic声称苹果的规则违反了反垄断法并扼杀了支付创新。Epic在诉讼中声称，如果没有苹果的限制，应用程序开发者可以接受“比特币或其他加密货币”。</blockquote></p><p>Apple has made no public statements about its plans for the crypto space. The company did not immediately return CoinDesk’s calls.</p><p><blockquote>苹果尚未就其加密领域的计划发表公开声明。该公司没有立即归还CoinDesk的评级。</blockquote></p><p>Even so, pockets of the crypto space seem to be preparing for Apple. Coinbase included Apple Pay graphics in a recent app update, according toMacRumors.</p><p><blockquote>即便如此，一些加密货币领域似乎正在为苹果做准备。据MacRumors报道，Coinbase在最近的应用程序更新中包含了苹果支付图形。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.coindesk.com/apple-is-looking-for-crypto-experience-in-alternative-payments-job-post\">coindesk</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://www.coindesk.com/apple-is-looking-for-crypto-experience-in-alternative-payments-job-post","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1111418097","content_text":"Apple is looking to hire a business development manager with experience in the cryptocurrency industry to lead its “alternative payments” partnership program.In a Wednesday job posting, Apple said candidates should have five years or more “working in or with alternative payment providers, such as digital wallets, BNPL [buy now pay later], Fast Payments, cryptocurrency and etc.”The Cupertino tech giant said the manager would be Apple’s chief negotiator for the alternative payments space.“The Apple Wallets, Payments, and Commerce (WPC) team is seeking an experienced Business Development Manager to lead Alternative Payments Partnerships,” the company wrote.Apple has long maintained an ironclad grip over payments, especially in its App Store, which has never accepted customers’ crypto and forces all catalog apps to use Apple’s commerce rails and play by Apple’s rules.That tightly-controlled ecosystem is the focus of a blockbuster court fight launched by Fortnite developer Epic Games. Epic alleges Apple’s rules violate antitrust laws and stifle payments innovation. App developers could accept “bitcoin or other cryptocurrencies” if not for Apple’s restrictions, Epicclaimedin the suit.Apple has made no public statements about its plans for the crypto space. The company did not immediately return CoinDesk’s calls.Even so, pockets of the crypto space seem to be preparing for Apple. Coinbase included Apple Pay graphics in a recent app update, according toMacRumors.","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":682,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":190665947,"gmtCreate":1620616913489,"gmtModify":1631893193114,"author":{"id":"3581636231442888","authorId":"3581636231442888","name":"579fe29b","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581636231442888","idStr":"3581636231442888"},"themes":[],"htmlText":"Which is a better buy?&nbsp;","listText":"Which is a better buy?&nbsp;","text":"Which is a better buy?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/190665947","repostId":"2134686276","repostType":4,"isVote":1,"tweetType":1,"viewCount":371,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":122059645,"gmtCreate":1624589423487,"gmtModify":1631883775446,"author":{"id":"3581636231442888","authorId":"3581636231442888","name":"579fe29b","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581636231442888","idStr":"3581636231442888"},"themes":[],"htmlText":"Sembmarine shares suddenly soaring. Is that a good sign?","listText":"Sembmarine shares suddenly soaring. Is that a good sign?","text":"Sembmarine shares suddenly soaring. Is that a good sign?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/122059645","repostId":"2146102197","repostType":4,"isVote":1,"tweetType":1,"viewCount":1692,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":164538046,"gmtCreate":1624227933685,"gmtModify":1631883775461,"author":{"id":"3581636231442888","authorId":"3581636231442888","name":"579fe29b","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581636231442888","idStr":"3581636231442888"},"themes":[],"htmlText":"Should I still keep my apple share?","listText":"Should I still keep my apple share?","text":"Should I still keep my apple share?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/164538046","repostId":"1183124175","repostType":4,"isVote":1,"tweetType":1,"viewCount":1535,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":191226201,"gmtCreate":1620882426903,"gmtModify":1631892028281,"author":{"id":"3581636231442888","authorId":"3581636231442888","name":"579fe29b","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581636231442888","idStr":"3581636231442888"},"themes":[],"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/191226201","repostId":"2135584610","repostType":4,"isVote":1,"tweetType":1,"viewCount":340,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":154154743,"gmtCreate":1625492110682,"gmtModify":1631883775432,"author":{"id":"3581636231442888","authorId":"3581636231442888","name":"579fe29b","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581636231442888","idStr":"3581636231442888"},"themes":[],"htmlText":"The stock is still expensive&nbsp;","listText":"The stock is still expensive&nbsp;","text":"The stock is still expensive","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/154154743","repostId":"1157317474","repostType":4,"isVote":1,"tweetType":1,"viewCount":1421,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":194842143,"gmtCreate":1621360423682,"gmtModify":1631892028225,"author":{"id":"3581636231442888","authorId":"3581636231442888","name":"579fe29b","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581636231442888","idStr":"3581636231442888"},"themes":[],"htmlText":"Is it safe to buy?","listText":"Is it safe to buy?","text":"Is it safe to buy?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/194842143","repostId":"2136995492","repostType":4,"isVote":1,"tweetType":1,"viewCount":441,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":372689258,"gmtCreate":1619200569774,"gmtModify":1631893193138,"author":{"id":"3581636231442888","authorId":"3581636231442888","name":"579fe29b","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581636231442888","idStr":"3581636231442888"},"themes":[],"htmlText":"Is it worth it to buy now?","listText":"Is it worth it to buy now?","text":"Is it worth it to buy now?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/372689258","repostId":"2129350491","repostType":4,"isVote":1,"tweetType":1,"viewCount":327,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":185602654,"gmtCreate":1623644414878,"gmtModify":1631883775469,"author":{"id":"3581636231442888","authorId":"3581636231442888","name":"579fe29b","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581636231442888","idStr":"3581636231442888"},"themes":[],"htmlText":"Will you buy an Amazon share?","listText":"Will you buy an Amazon share?","text":"Will you buy an Amazon share?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/185602654","repostId":"1146011836","repostType":4,"isVote":1,"tweetType":1,"viewCount":2834,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":112363109,"gmtCreate":1622851910701,"gmtModify":1631883775530,"author":{"id":"3581636231442888","authorId":"3581636231442888","name":"579fe29b","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581636231442888","idStr":"3581636231442888"},"themes":[],"htmlText":"This stock quite expensive&nbsp;","listText":"This stock quite expensive&nbsp;","text":"This stock quite expensive","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/112363109","repostId":"1154529120","repostType":4,"repost":{"id":"1154529120","kind":"news","pubTimestamp":1622810459,"share":"https://www.laohu8.com/m/news/1154529120?lang=zh_CN&edition=full","pubTime":"2021-06-04 20:40","market":"hk","language":"en","title":"Can Alibaba Stock Hit $500? If You Got Time, Yes<blockquote>阿里巴巴-SW股价能否触及500美元？如果你有时间，是的</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1154529120","media":"seekingalpha","summary":"Alibaba is a battleground stock where some see a lot of opportunities, while others see many risks.I believe that there are both opportunities and risks, but would see the prior outweighing the latter.In the long run, BABA has a chance of delivering strong gains for those that buy at the current, quite low, valuation.Since its IPO, Alibaba has seen strong share price gains, but it should also be mentioned that shares did peek in H2 2020, and have declined considerably since then:. Alibaba Group'","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Alibaba is a battleground stock where some see a lot of opportunities, while others see many risks.</li>  <li>I believe that there are both opportunities and risks, but would see the prior outweighing the latter.</li>  <li>In the long run, BABA has a chance of delivering strong gains for those that buy at the current, quite low, valuation.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/567d19950e6c8789ce2192b4503f0fa5\" tg-width=\"1536\" tg-height=\"653\" referrerpolicy=\"no-referrer\"><span>Photo by efetova/iStock via Getty Images</span></p><p><blockquote><ul><li>阿里巴巴-SW是一只战场股票，有些人看到了很多机会，而另一些人则看到了很多风险。</li><li>我相信机遇和风险都存在，但我认为前者大于后者。</li><li>从长远来看，阿里巴巴有机会为那些以目前相当低的估值买入的人带来强劲收益。</li></ul><p class=\"t-img-caption\"><span>摄影：efetova/iStock，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> Alibaba Group (BABA) is a leading global high-tech name that continues to generate attractive growth and that offers investors exposure to the high-growth Chinese consumer market. At the same time, through a range of ventures, Alibaba is also active in additional industries, such as cloud computing. Shares have declined considerably over the last couple of months, but I believe that the long-term potential is significant. I would not be surprised to see shares rise towards $500, although that will not happen in the near term.</p><p><blockquote>阿里巴巴-SW集团（BABA）是一家全球领先的高科技公司，持续产生有吸引力的增长，并为投资者提供了接触高增长的中国消费市场的机会。与此同时，通过一系列合资企业，阿里巴巴-SW还活跃在云计算等其他行业。过去几个月股价大幅下跌，但我相信长期潜力巨大。如果股价上涨至500美元，我不会感到惊讶，尽管这不会在短期内发生。</blockquote></p><p> <b>BABA Stock Price</b></p><p><blockquote><b>阿里巴巴股价</b></blockquote></p><p> Since its IPO, Alibaba has seen strong share price gains, but it should also be mentioned that shares did peek in H2 2020, and have declined considerably since then:</p><p><blockquote>自IPO以来，阿里巴巴-SW股价强劲上涨，但也应该提到的是，股价在2020年下半年确实出现了小幅上涨，此后大幅下跌：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8079eeb5384ea003fb3725d3cd1e877f\" tg-width=\"635\" tg-height=\"403\"><span>Data byYCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> Shares are now basically where they were one year ago, as the gains during summer 2020 have been erased when Ant Financial's IPO plans were stopped. The flat share price performance over the last year is somewhat surprising, though, as Alibaba continued to generate strong results in that time frame. During the last quarter, for example, Alibaba showcased a&nbsp;revenue growth rate of 64%, while revenue growth during the previous quarter was also very strong, at around 50%. This is not the only positive in Alibaba's earnings releases, however. The company also managed to grow its user count by 32 million during the most recent quarter alone, which equates to an annualized user growth rate of around 20%. This bodes well for future quarters, as more users on Alibaba's platform should translate into higher revenues. On top of that, the strong user growth shows that there is still growing demand for the shopping services that Alibaba's platforms offer -- the market is not saturated at all. Alibaba also managed to grow its EBITDA by 25% year over year, which is an attractive growth pace as well, and which was achieved despite growing investments in what management calls key growth areas. Income from operations, meanwhile, grew at an even faster pace, thanks to some operating leverage, rising by 48% year over year when adjusted for the fine that Alibaba had to pay during Q1. It makes, I believe, sense to back out this one-time item to get a clearer picture about Alibaba's underlying, \"core\" profitability during an average quarter.</p><p><blockquote>由于蚂蚁金服IPO计划被叫停后，2020年夏季的涨幅已被抹去，股价目前基本处于一年前的水平。不过，去年持平的股价表现有些令人惊讶，因为阿里巴巴-SW在此期间继续取得强劲业绩。例如，上一季度，阿里巴巴-SW的收入增长率为64%，而上一季度的收入增长也非常强劲，在50%左右。然而，这并不是阿里巴巴-SW财报中唯一的积极因素。仅在最近一个季度，该公司的用户数量就增加了3200万，相当于用户年化增长率约为20%。这对未来几个季度来说是个好兆头，因为阿里巴巴-SW平台上的更多用户应该会转化为更高的收入。最重要的是，强劲的用户增长表明，对阿里巴巴-SW平台提供的购物服务的需求仍在增长——市场根本没有饱和。阿里巴巴-SW的EBITDA也同比增长了25%，这也是一个有吸引力的增长速度，尽管管理层在评级关键增长领域的投资不断增加，但这一增长还是实现了。与此同时，由于一些运营杠杆，运营收入增长速度更快，经调整阿里巴巴-SW第一季度必须支付的罚款后，同比增长48%。我认为，为了更清楚地了解阿里巴巴-SW平均季度的基本“核心”盈利能力，放弃这一一次性项目是有意义的。</blockquote></p><p> Alibaba Group's weak share price performance, relative to the broad market and other tech names, is thus not the result of weak operating performance, but rather a result of multiple compression, driven by weak investor sentiment due to China exposure and&nbsp;fears about regulation.</p><p><blockquote>因此，相对于大盘和其他科技股，阿里巴巴-SW集团的股价表现疲软，并不是经营业绩疲软的结果，而是多重压缩的结果，原因是投资者情绪疲软以及对监管的担忧。</blockquote></p><p> At its current price of $220, BABA trades at a quite large discount compared to the current consensus analyst price target of $298. If Alibaba were to hit that, shares would gain 35%. Analyst price targets are usually issued with a 1-year time frame, thus, if the analyst community is correct, Alibaba could be a great investment. From a valuation standpoint, this price target doesn't seem outrageous at all, as $298 would equate to around 29x this year's expected net profits, or 23x next year's net earnings. The latter is likely the more telling one when we talk about a price target for summer 2022, i.e. 1 year from now.</p><p><blockquote>以目前220美元的价格计算，与目前分析师298美元的一致目标价相比，阿里巴巴的交易价格有相当大的折扣。如果阿里巴巴-SW达到这一目标，股价将上涨35%。分析师的价格目标通常以1年的时间框架发布，因此，如果分析师界是正确的，阿里巴巴-SW可能是一项伟大的投资。从估值的角度来看，这个目标价似乎一点也不离谱，因为298美元相当于今年预期净利润的29倍左右，或明年净利润的23倍。当我们谈论2022年夏季（即一年后）的价格目标时，后者可能更能说明问题。</blockquote></p><p> <b>Can Alibaba Stock Hit $500?</b></p><p><blockquote><b>阿里巴巴-SW股价能否触及500美元？</b></blockquote></p><p> The answer to that question, I think, depends on your time frame. If you are looking at a 12-month window, then Alibaba will most likely not be able to hit $500. The ~$300 price target seems achievable, although that is, of course, also not guaranteed. If, however, we take a longer-term view, then $500 seems like a share price that BABA could hit eventually. Let's look at a couple of examples.</p><p><blockquote>我认为，这个问题的答案取决于你的时间框架。如果你着眼于12个月的窗口期，那么阿里巴巴-SW很可能无法达到500美元。300美元左右的价格目标似乎是可以实现的，尽管这当然也不能保证。然而，如果我们从更长远的角度来看，那么500美元似乎是阿里巴巴最终可能触及的股价。让我们看几个例子。</blockquote></p><p> <i>- If Alibaba were to generate earnings per share of $20 at some point and traded at an earnings multiple of 25, then shares would trade at $500.</i></p><p><blockquote><i>-如果阿里巴巴-SW在某个时候每股收益为20美元，市盈率为25倍，那么股价将为500美元。</i></blockquote></p><p> <i>- If Alibaba were to generate earnings per share of $25 and traded at a 20x earnings multiple, then shares would trade at $500.</i></p><p><blockquote><i>-如果阿里巴巴-SW的每股收益为25美元，市盈率为20倍，那么股价将为500美元。</i></blockquote></p><p> <i>- If Alibaba were to generate earnings per share of $17 and traded at 29x its net profits, then shares would trade at (marginally below) $500.</i></p><p><blockquote><i>-如果阿里巴巴-SW的每股收益为17美元，交易价格为净利润的29倍，那么股价将为（略低于）500美元。</i></blockquote></p><p></p><p> We see that there are many scenarios that could get us to a $500 share price for BABA, some of them more likely than others. Of course, the higher your target multiple, the lower the earnings that would be required. This, in turn, means that the price target can be hit sooner, as less cumulative earnings growth would be required. When we take a look at how Alibaba was valued in the past, we see that the longer-term median earnings multiples for BABA look like this:</p><p><blockquote>我们看到，有很多情况可能会让阿里巴巴的股价达到500美元，其中一些情况比其他情况更有可能。当然，你的目标倍数越高，所需的收益就越低。这反过来意味着可以更快达到价格目标，因为所需的累计盈利增长较少。当我们看一下阿里巴巴-SW过去的估值时，我们会发现阿里巴巴的长期市盈率中位数如下所示：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/dd2d42b7094deb394266d6410287c2e4\" tg-width=\"635\" tg-height=\"436\"><span>Data byYCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> At 30-40x net earnings, Alibaba was clearly trading at a massive premium relative to how shares are valued today (around 20x this year's earnings). I think that the current valuation is too low, but on the other hand, I do not expect Alibaba to trade at 30, 35, or even 40x net profits in coming years. Due to the growing scale of Alibaba, which makes it a little harder to maintain its excellent growth in coming years, shares will likely trade at a lower valuation in coming years, compared to how they were valued in the past.</p><p><blockquote>阿里巴巴-SW的净利润为30-40倍，相对于目前的股价估值（约为今年盈利的20倍），显然存在巨大溢价。我认为目前的估值太低，但另一方面，我预计阿里巴巴-SW未来几年的净利润不会达到30倍、35倍甚至40倍。由于阿里巴巴-SW的规模不断扩大，这使得其在未来几年保持出色的增长变得更加困难，与过去的估值相比，未来几年的股价可能会较低。</blockquote></p><p> I still think that shares do have some valuation expansion potential from the current earnings multiple of around 21, thus let's assume that shares trade at 23x net profits in the future. This would still represent a massive discount versus the historic valuation, and also a substantial discount compared to how US-based high-tech mega-caps are valued -- Amazon (AMZN), for example, trades at 59x this year's earnings.</p><p><blockquote>我仍然认为，从目前21倍左右的市盈率来看，该股确实有一定的估值扩张潜力，因此让我们假设该股未来的净利润为23倍。与历史估值相比，这仍然是一个巨大的折扣，与美国高科技大型股的估值相比也是一个巨大的折扣——例如，亚马逊(AMZN)的交易价格是今年市盈率的59倍。</blockquote></p><p> If we want to get to a $500 share price for BABA using a 23x earnings multiple, then we get to earnings per share of $21.70 that Alibaba must generate. When could this be the case? In the following chart, we see EPS estimates for the current year, next year (CY 2022), and CY 2023:</p><p><blockquote>如果我们想使用23倍的市盈率将阿里巴巴的股价达到500美元，那么阿里巴巴-SW必须产生的每股收益为21.70美元。什么时候会是这种情况？在下图中，我们看到了本年度、明年（2022财年）和2023财年的每股收益预测：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6fcf78e0b071eff9753afbdcd96f751c\" tg-width=\"635\" tg-height=\"436\"><span>Data byYCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> If analysts are right, Alibaba will not get to earn $22 a share through 2023, and I think that is realistic. I do not see earnings per share rising by 100%+ between this year and 2023, either. From 2023, it would take another 43% increase in Alibaba's earnings per share to get to $21.70, which is our \"target EPS\" for a $500 share price.</p><p><blockquote>如果分析师是对的，阿里巴巴-SW到2023年每股收益将无法达到22美元，我认为这是现实的。我也不认为今年到2023年间每股收益会增长100%以上。从2023年开始，阿里巴巴-SW的每股收益需要再增长43%才能达到21.70美元，这是我们500美元股价的“目标每股收益”。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7b4c351b4b5eb3328191ccaa9a3b776c\" tg-width=\"635\" tg-height=\"403\"><span>Data byYCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> Analysts are currently forecasting long-term EPS growth of around 27%, which would mean it would take Alibaba about 1.5 years to grow its EPS from $15.20 (2023 estimate) to our target of $21.70. Even if we assume that this is too optimistic and that growth will be just 20% in 2024 and 2025, EPS of $21.70 could be hit by the end of 2025. So, in other words, if Alibaba grows a little less than what analysts are forecasting right now, Alibaba could trade at $500 by the end of 2025 -- or 4.5 years from now. Note that this scenario does not require a high earnings multiple at all -- at 23x net profits, Alibaba wouldn't be expensive, I believe.</p><p><blockquote>分析师目前预测长期每股收益增长约为27%，这意味着阿里巴巴-SW需要大约1.5年的时间才能将每股收益从15.20美元（2023年估计）增长到我们21.70美元的目标。即使我们假设这过于乐观，2024年和2025年的增长率仅为20%，到2025年底每股收益也可能达到21.70美元。因此，换句话说，如果阿里巴巴-SW的增长略低于分析师目前的预测，那么到2025年底（即4.5年后），阿里巴巴-SW的交易价格可能会达到500美元。请注意，这种情况根本不需要很高的市盈率——我相信，阿里巴巴-SW的净利润为23倍，价格并不昂贵。</blockquote></p><p> We can get even more conservative and assume that the 2023 EPS estimate is 10% too high and that EPS will grow by just 17% a year in the years beyond 2023 (versus a long-term forecast of 27% a year by the analyst community). In that case, Alibaba would hit $21.70 in earnings per share in 2026, and shares would rise to $500 over the next 5.5 years. Even in this scenario, BABA wouldn't be a bad investment at all -- a 130% share price increase from the current level over the next 5.5 years would equate to annualized returns of 16%.</p><p><blockquote>我们可以更加保守地假设2023年每股收益预期过高10%，并且2023年之后的几年每股收益每年仅增长17%（而分析师社区的长期预测为每年27%）。在这种情况下，阿里巴巴-SW的每股收益将在2026年达到21.70美元，股价将在未来5.5年内升至500美元。即使在这种情况下，阿里巴巴也根本不是一项糟糕的投资——未来5.5年内股价较当前水平上涨130%，相当于年化回报率为16%。</blockquote></p><p> So, to sum this section up, I'd say<i>yes, BABA can hit $500</i>-- but it will realistically take a couple of years. By the mid-2020s, this seems like a very achievable goal to me, although there are, of course, no guarantees.</p><p><blockquote>所以，总结一下这一部分，我想说<i>是的，阿里巴巴可以达到500美元</i>——但实际上需要几年时间。到2020年代中期，对我来说，这似乎是一个非常可以实现的目标，尽管当然没有任何保证。</blockquote></p><p> <b>Is Alibaba Stock A Buy Or Sell Now?</b></p><p><blockquote><b>阿里巴巴-SW股票现在是买入还是卖出？</b></blockquote></p><p> Alibaba Group is, I believe, a strong investment. The company generates strong growth, profits from multiple long-term macro trends, such as growing consumer spending in China, growing e-commerce market share, and cloud computing. There are, however, risks to consider: Alibaba is highly China-dependent, and in case the economic growth story in China ends, Alibaba would be hurt a lot. On top of that, Alibaba could be targeted again by regulators, although I personally think that it is not in China's best interest to hurt one of its highest-growth tech companies.</p><p><blockquote>我认为，阿里巴巴-SW集团是一项强有力的投资。该公司增长强劲，利润来自多个长期宏观趋势，例如中国消费者支出的增长、电子商务市场份额的增长和云计算。然而，也有一些风险需要考虑：阿里巴巴-SW高度依赖中国，如果中国的经济增长故事结束，阿里巴巴-SW将受到很大伤害。最重要的是，阿里巴巴-SW可能会再次成为监管机构的目标，尽管我个人认为伤害中国增长最快的科技公司之一不符合中国的最佳利益。</blockquote></p><p></p><p> For those that worry about these risks, Alibaba may not be the right choice, but for those that see Alibaba as a potentially very rewarding play on Chinese consumers, BABA could be a strong pick in a diversified portfolio. I belong to the latter group and thus rate the stock a buy at current valuations, expecting significant upside over the coming years. Depending on your risk tolerance and how you weigh the opportunities and threats of investing in Chinese companies, you may decide differently, however.</p><p><blockquote>对于那些担心这些风险的人来说，阿里巴巴-SW可能不是正确的选择，但对于那些认为阿里巴巴-SW对中国消费者来说可能非常有益的投资的人来说，阿里巴巴可能是多元化投资组合中的一个强有力的选择。我属于后一类，因此按当前估值将该股评级为买入，预计未来几年将大幅上涨。然而，根据您的风险承受能力以及您如何权衡投资中国公司的机会和威胁，您可能会做出不同的决定。</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>Can Alibaba Stock Hit $500? If You Got Time, Yes<blockquote>阿里巴巴-SW股价能否触及500美元？如果你有时间，是的</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCan Alibaba Stock Hit $500? If You Got Time, Yes<blockquote>阿里巴巴-SW股价能否触及500美元？如果你有时间，是的</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">seekingalpha</strong><span class=\"h-time small\">2021-06-04 20:40</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>Alibaba is a battleground stock where some see a lot of opportunities, while others see many risks.</li>  <li>I believe that there are both opportunities and risks, but would see the prior outweighing the latter.</li>  <li>In the long run, BABA has a chance of delivering strong gains for those that buy at the current, quite low, valuation.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/567d19950e6c8789ce2192b4503f0fa5\" tg-width=\"1536\" tg-height=\"653\" referrerpolicy=\"no-referrer\"><span>Photo by efetova/iStock via Getty Images</span></p><p><blockquote><ul><li>阿里巴巴-SW是一只战场股票，有些人看到了很多机会，而另一些人则看到了很多风险。</li><li>我相信机遇和风险都存在，但我认为前者大于后者。</li><li>从长远来看，阿里巴巴有机会为那些以目前相当低的估值买入的人带来强劲收益。</li></ul><p class=\"t-img-caption\"><span>摄影：efetova/iStock，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> Alibaba Group (BABA) is a leading global high-tech name that continues to generate attractive growth and that offers investors exposure to the high-growth Chinese consumer market. At the same time, through a range of ventures, Alibaba is also active in additional industries, such as cloud computing. Shares have declined considerably over the last couple of months, but I believe that the long-term potential is significant. I would not be surprised to see shares rise towards $500, although that will not happen in the near term.</p><p><blockquote>阿里巴巴-SW集团（BABA）是一家全球领先的高科技公司，持续产生有吸引力的增长，并为投资者提供了接触高增长的中国消费市场的机会。与此同时，通过一系列合资企业，阿里巴巴-SW还活跃在云计算等其他行业。过去几个月股价大幅下跌，但我相信长期潜力巨大。如果股价上涨至500美元，我不会感到惊讶，尽管这不会在短期内发生。</blockquote></p><p> <b>BABA Stock Price</b></p><p><blockquote><b>阿里巴巴股价</b></blockquote></p><p> Since its IPO, Alibaba has seen strong share price gains, but it should also be mentioned that shares did peek in H2 2020, and have declined considerably since then:</p><p><blockquote>自IPO以来，阿里巴巴-SW股价强劲上涨，但也应该提到的是，股价在2020年下半年确实出现了小幅上涨，此后大幅下跌：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8079eeb5384ea003fb3725d3cd1e877f\" tg-width=\"635\" tg-height=\"403\"><span>Data byYCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> Shares are now basically where they were one year ago, as the gains during summer 2020 have been erased when Ant Financial's IPO plans were stopped. The flat share price performance over the last year is somewhat surprising, though, as Alibaba continued to generate strong results in that time frame. During the last quarter, for example, Alibaba showcased a&nbsp;revenue growth rate of 64%, while revenue growth during the previous quarter was also very strong, at around 50%. This is not the only positive in Alibaba's earnings releases, however. The company also managed to grow its user count by 32 million during the most recent quarter alone, which equates to an annualized user growth rate of around 20%. This bodes well for future quarters, as more users on Alibaba's platform should translate into higher revenues. On top of that, the strong user growth shows that there is still growing demand for the shopping services that Alibaba's platforms offer -- the market is not saturated at all. Alibaba also managed to grow its EBITDA by 25% year over year, which is an attractive growth pace as well, and which was achieved despite growing investments in what management calls key growth areas. Income from operations, meanwhile, grew at an even faster pace, thanks to some operating leverage, rising by 48% year over year when adjusted for the fine that Alibaba had to pay during Q1. It makes, I believe, sense to back out this one-time item to get a clearer picture about Alibaba's underlying, \"core\" profitability during an average quarter.</p><p><blockquote>由于蚂蚁金服IPO计划被叫停后，2020年夏季的涨幅已被抹去，股价目前基本处于一年前的水平。不过，去年持平的股价表现有些令人惊讶，因为阿里巴巴-SW在此期间继续取得强劲业绩。例如，上一季度，阿里巴巴-SW的收入增长率为64%，而上一季度的收入增长也非常强劲，在50%左右。然而，这并不是阿里巴巴-SW财报中唯一的积极因素。仅在最近一个季度，该公司的用户数量就增加了3200万，相当于用户年化增长率约为20%。这对未来几个季度来说是个好兆头，因为阿里巴巴-SW平台上的更多用户应该会转化为更高的收入。最重要的是，强劲的用户增长表明，对阿里巴巴-SW平台提供的购物服务的需求仍在增长——市场根本没有饱和。阿里巴巴-SW的EBITDA也同比增长了25%，这也是一个有吸引力的增长速度，尽管管理层在评级关键增长领域的投资不断增加，但这一增长还是实现了。与此同时，由于一些运营杠杆，运营收入增长速度更快，经调整阿里巴巴-SW第一季度必须支付的罚款后，同比增长48%。我认为，为了更清楚地了解阿里巴巴-SW平均季度的基本“核心”盈利能力，放弃这一一次性项目是有意义的。</blockquote></p><p> Alibaba Group's weak share price performance, relative to the broad market and other tech names, is thus not the result of weak operating performance, but rather a result of multiple compression, driven by weak investor sentiment due to China exposure and&nbsp;fears about regulation.</p><p><blockquote>因此，相对于大盘和其他科技股，阿里巴巴-SW集团的股价表现疲软，并不是经营业绩疲软的结果，而是多重压缩的结果，原因是投资者情绪疲软以及对监管的担忧。</blockquote></p><p> At its current price of $220, BABA trades at a quite large discount compared to the current consensus analyst price target of $298. If Alibaba were to hit that, shares would gain 35%. Analyst price targets are usually issued with a 1-year time frame, thus, if the analyst community is correct, Alibaba could be a great investment. From a valuation standpoint, this price target doesn't seem outrageous at all, as $298 would equate to around 29x this year's expected net profits, or 23x next year's net earnings. The latter is likely the more telling one when we talk about a price target for summer 2022, i.e. 1 year from now.</p><p><blockquote>以目前220美元的价格计算，与目前分析师298美元的一致目标价相比，阿里巴巴的交易价格有相当大的折扣。如果阿里巴巴-SW达到这一目标，股价将上涨35%。分析师的价格目标通常以1年的时间框架发布，因此，如果分析师界是正确的，阿里巴巴-SW可能是一项伟大的投资。从估值的角度来看，这个目标价似乎一点也不离谱，因为298美元相当于今年预期净利润的29倍左右，或明年净利润的23倍。当我们谈论2022年夏季（即一年后）的价格目标时，后者可能更能说明问题。</blockquote></p><p> <b>Can Alibaba Stock Hit $500?</b></p><p><blockquote><b>阿里巴巴-SW股价能否触及500美元？</b></blockquote></p><p> The answer to that question, I think, depends on your time frame. If you are looking at a 12-month window, then Alibaba will most likely not be able to hit $500. The ~$300 price target seems achievable, although that is, of course, also not guaranteed. If, however, we take a longer-term view, then $500 seems like a share price that BABA could hit eventually. Let's look at a couple of examples.</p><p><blockquote>我认为，这个问题的答案取决于你的时间框架。如果你着眼于12个月的窗口期，那么阿里巴巴-SW很可能无法达到500美元。300美元左右的价格目标似乎是可以实现的，尽管这当然也不能保证。然而，如果我们从更长远的角度来看，那么500美元似乎是阿里巴巴最终可能触及的股价。让我们看几个例子。</blockquote></p><p> <i>- If Alibaba were to generate earnings per share of $20 at some point and traded at an earnings multiple of 25, then shares would trade at $500.</i></p><p><blockquote><i>-如果阿里巴巴-SW在某个时候每股收益为20美元，市盈率为25倍，那么股价将为500美元。</i></blockquote></p><p> <i>- If Alibaba were to generate earnings per share of $25 and traded at a 20x earnings multiple, then shares would trade at $500.</i></p><p><blockquote><i>-如果阿里巴巴-SW的每股收益为25美元，市盈率为20倍，那么股价将为500美元。</i></blockquote></p><p> <i>- If Alibaba were to generate earnings per share of $17 and traded at 29x its net profits, then shares would trade at (marginally below) $500.</i></p><p><blockquote><i>-如果阿里巴巴-SW的每股收益为17美元，交易价格为净利润的29倍，那么股价将为（略低于）500美元。</i></blockquote></p><p></p><p> We see that there are many scenarios that could get us to a $500 share price for BABA, some of them more likely than others. Of course, the higher your target multiple, the lower the earnings that would be required. This, in turn, means that the price target can be hit sooner, as less cumulative earnings growth would be required. When we take a look at how Alibaba was valued in the past, we see that the longer-term median earnings multiples for BABA look like this:</p><p><blockquote>我们看到，有很多情况可能会让阿里巴巴的股价达到500美元，其中一些情况比其他情况更有可能。当然，你的目标倍数越高，所需的收益就越低。这反过来意味着可以更快达到价格目标，因为所需的累计盈利增长较少。当我们看一下阿里巴巴-SW过去的估值时，我们会发现阿里巴巴的长期市盈率中位数如下所示：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/dd2d42b7094deb394266d6410287c2e4\" tg-width=\"635\" tg-height=\"436\"><span>Data byYCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> At 30-40x net earnings, Alibaba was clearly trading at a massive premium relative to how shares are valued today (around 20x this year's earnings). I think that the current valuation is too low, but on the other hand, I do not expect Alibaba to trade at 30, 35, or even 40x net profits in coming years. Due to the growing scale of Alibaba, which makes it a little harder to maintain its excellent growth in coming years, shares will likely trade at a lower valuation in coming years, compared to how they were valued in the past.</p><p><blockquote>阿里巴巴-SW的净利润为30-40倍，相对于目前的股价估值（约为今年盈利的20倍），显然存在巨大溢价。我认为目前的估值太低，但另一方面，我预计阿里巴巴-SW未来几年的净利润不会达到30倍、35倍甚至40倍。由于阿里巴巴-SW的规模不断扩大，这使得其在未来几年保持出色的增长变得更加困难，与过去的估值相比，未来几年的股价可能会较低。</blockquote></p><p> I still think that shares do have some valuation expansion potential from the current earnings multiple of around 21, thus let's assume that shares trade at 23x net profits in the future. This would still represent a massive discount versus the historic valuation, and also a substantial discount compared to how US-based high-tech mega-caps are valued -- Amazon (AMZN), for example, trades at 59x this year's earnings.</p><p><blockquote>我仍然认为，从目前21倍左右的市盈率来看，该股确实有一定的估值扩张潜力，因此让我们假设该股未来的净利润为23倍。与历史估值相比，这仍然是一个巨大的折扣，与美国高科技大型股的估值相比也是一个巨大的折扣——例如，亚马逊(AMZN)的交易价格是今年市盈率的59倍。</blockquote></p><p> If we want to get to a $500 share price for BABA using a 23x earnings multiple, then we get to earnings per share of $21.70 that Alibaba must generate. When could this be the case? In the following chart, we see EPS estimates for the current year, next year (CY 2022), and CY 2023:</p><p><blockquote>如果我们想使用23倍的市盈率将阿里巴巴的股价达到500美元，那么阿里巴巴-SW必须产生的每股收益为21.70美元。什么时候会是这种情况？在下图中，我们看到了本年度、明年（2022财年）和2023财年的每股收益预测：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6fcf78e0b071eff9753afbdcd96f751c\" tg-width=\"635\" tg-height=\"436\"><span>Data byYCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> If analysts are right, Alibaba will not get to earn $22 a share through 2023, and I think that is realistic. I do not see earnings per share rising by 100%+ between this year and 2023, either. From 2023, it would take another 43% increase in Alibaba's earnings per share to get to $21.70, which is our \"target EPS\" for a $500 share price.</p><p><blockquote>如果分析师是对的，阿里巴巴-SW到2023年每股收益将无法达到22美元，我认为这是现实的。我也不认为今年到2023年间每股收益会增长100%以上。从2023年开始，阿里巴巴-SW的每股收益需要再增长43%才能达到21.70美元，这是我们500美元股价的“目标每股收益”。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7b4c351b4b5eb3328191ccaa9a3b776c\" tg-width=\"635\" tg-height=\"403\"><span>Data byYCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> Analysts are currently forecasting long-term EPS growth of around 27%, which would mean it would take Alibaba about 1.5 years to grow its EPS from $15.20 (2023 estimate) to our target of $21.70. Even if we assume that this is too optimistic and that growth will be just 20% in 2024 and 2025, EPS of $21.70 could be hit by the end of 2025. So, in other words, if Alibaba grows a little less than what analysts are forecasting right now, Alibaba could trade at $500 by the end of 2025 -- or 4.5 years from now. Note that this scenario does not require a high earnings multiple at all -- at 23x net profits, Alibaba wouldn't be expensive, I believe.</p><p><blockquote>分析师目前预测长期每股收益增长约为27%，这意味着阿里巴巴-SW需要大约1.5年的时间才能将每股收益从15.20美元（2023年估计）增长到我们21.70美元的目标。即使我们假设这过于乐观，2024年和2025年的增长率仅为20%，到2025年底每股收益也可能达到21.70美元。因此，换句话说，如果阿里巴巴-SW的增长略低于分析师目前的预测，那么到2025年底（即4.5年后），阿里巴巴-SW的交易价格可能会达到500美元。请注意，这种情况根本不需要很高的市盈率——我相信，阿里巴巴-SW的净利润为23倍，价格并不昂贵。</blockquote></p><p> We can get even more conservative and assume that the 2023 EPS estimate is 10% too high and that EPS will grow by just 17% a year in the years beyond 2023 (versus a long-term forecast of 27% a year by the analyst community). In that case, Alibaba would hit $21.70 in earnings per share in 2026, and shares would rise to $500 over the next 5.5 years. Even in this scenario, BABA wouldn't be a bad investment at all -- a 130% share price increase from the current level over the next 5.5 years would equate to annualized returns of 16%.</p><p><blockquote>我们可以更加保守地假设2023年每股收益预期过高10%，并且2023年之后的几年每股收益每年仅增长17%（而分析师社区的长期预测为每年27%）。在这种情况下，阿里巴巴-SW的每股收益将在2026年达到21.70美元，股价将在未来5.5年内升至500美元。即使在这种情况下，阿里巴巴也根本不是一项糟糕的投资——未来5.5年内股价较当前水平上涨130%，相当于年化回报率为16%。</blockquote></p><p> So, to sum this section up, I'd say<i>yes, BABA can hit $500</i>-- but it will realistically take a couple of years. By the mid-2020s, this seems like a very achievable goal to me, although there are, of course, no guarantees.</p><p><blockquote>所以，总结一下这一部分，我想说<i>是的，阿里巴巴可以达到500美元</i>——但实际上需要几年时间。到2020年代中期，对我来说，这似乎是一个非常可以实现的目标，尽管当然没有任何保证。</blockquote></p><p> <b>Is Alibaba Stock A Buy Or Sell Now?</b></p><p><blockquote><b>阿里巴巴-SW股票现在是买入还是卖出？</b></blockquote></p><p> Alibaba Group is, I believe, a strong investment. The company generates strong growth, profits from multiple long-term macro trends, such as growing consumer spending in China, growing e-commerce market share, and cloud computing. There are, however, risks to consider: Alibaba is highly China-dependent, and in case the economic growth story in China ends, Alibaba would be hurt a lot. On top of that, Alibaba could be targeted again by regulators, although I personally think that it is not in China's best interest to hurt one of its highest-growth tech companies.</p><p><blockquote>我认为，阿里巴巴-SW集团是一项强有力的投资。该公司增长强劲，利润来自多个长期宏观趋势，例如中国消费者支出的增长、电子商务市场份额的增长和云计算。然而，也有一些风险需要考虑：阿里巴巴-SW高度依赖中国，如果中国的经济增长故事结束，阿里巴巴-SW将受到很大伤害。最重要的是，阿里巴巴-SW可能会再次成为监管机构的目标，尽管我个人认为伤害中国增长最快的科技公司之一不符合中国的最佳利益。</blockquote></p><p></p><p> For those that worry about these risks, Alibaba may not be the right choice, but for those that see Alibaba as a potentially very rewarding play on Chinese consumers, BABA could be a strong pick in a diversified portfolio. I belong to the latter group and thus rate the stock a buy at current valuations, expecting significant upside over the coming years. Depending on your risk tolerance and how you weigh the opportunities and threats of investing in Chinese companies, you may decide differently, however.</p><p><blockquote>对于那些担心这些风险的人来说，阿里巴巴-SW可能不是正确的选择，但对于那些认为阿里巴巴-SW对中国消费者来说可能非常有益的投资的人来说，阿里巴巴可能是多元化投资组合中的一个强有力的选择。我属于后一类，因此按当前估值将该股评级为买入，预计未来几年将大幅上涨。然而，根据您的风险承受能力以及您如何权衡投资中国公司的机会和威胁，您可能会做出不同的决定。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4432992-alibaba-stock-hit-500\">seekingalpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09988":"阿里巴巴-W","BABA":"阿里巴巴"},"source_url":"https://seekingalpha.com/article/4432992-alibaba-stock-hit-500","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1154529120","content_text":"Summary\n\nAlibaba is a battleground stock where some see a lot of opportunities, while others see many risks.\nI believe that there are both opportunities and risks, but would see the prior outweighing the latter.\nIn the long run, BABA has a chance of delivering strong gains for those that buy at the current, quite low, valuation.\n\nPhoto by efetova/iStock via Getty Images\nArticle Thesis\nAlibaba Group (BABA) is a leading global high-tech name that continues to generate attractive growth and that offers investors exposure to the high-growth Chinese consumer market. At the same time, through a range of ventures, Alibaba is also active in additional industries, such as cloud computing. Shares have declined considerably over the last couple of months, but I believe that the long-term potential is significant. I would not be surprised to see shares rise towards $500, although that will not happen in the near term.\nBABA Stock Price\nSince its IPO, Alibaba has seen strong share price gains, but it should also be mentioned that shares did peek in H2 2020, and have declined considerably since then:\nData byYCharts\nShares are now basically where they were one year ago, as the gains during summer 2020 have been erased when Ant Financial's IPO plans were stopped. The flat share price performance over the last year is somewhat surprising, though, as Alibaba continued to generate strong results in that time frame. During the last quarter, for example, Alibaba showcased a revenue growth rate of 64%, while revenue growth during the previous quarter was also very strong, at around 50%. This is not the only positive in Alibaba's earnings releases, however. The company also managed to grow its user count by 32 million during the most recent quarter alone, which equates to an annualized user growth rate of around 20%. This bodes well for future quarters, as more users on Alibaba's platform should translate into higher revenues. On top of that, the strong user growth shows that there is still growing demand for the shopping services that Alibaba's platforms offer -- the market is not saturated at all. Alibaba also managed to grow its EBITDA by 25% year over year, which is an attractive growth pace as well, and which was achieved despite growing investments in what management calls key growth areas. Income from operations, meanwhile, grew at an even faster pace, thanks to some operating leverage, rising by 48% year over year when adjusted for the fine that Alibaba had to pay during Q1. It makes, I believe, sense to back out this one-time item to get a clearer picture about Alibaba's underlying, \"core\" profitability during an average quarter.\nAlibaba Group's weak share price performance, relative to the broad market and other tech names, is thus not the result of weak operating performance, but rather a result of multiple compression, driven by weak investor sentiment due to China exposure and fears about regulation.\nAt its current price of $220, BABA trades at a quite large discount compared to the current consensus analyst price target of $298. If Alibaba were to hit that, shares would gain 35%. Analyst price targets are usually issued with a 1-year time frame, thus, if the analyst community is correct, Alibaba could be a great investment. From a valuation standpoint, this price target doesn't seem outrageous at all, as $298 would equate to around 29x this year's expected net profits, or 23x next year's net earnings. The latter is likely the more telling one when we talk about a price target for summer 2022, i.e. 1 year from now.\nCan Alibaba Stock Hit $500?\nThe answer to that question, I think, depends on your time frame. If you are looking at a 12-month window, then Alibaba will most likely not be able to hit $500. The ~$300 price target seems achievable, although that is, of course, also not guaranteed. If, however, we take a longer-term view, then $500 seems like a share price that BABA could hit eventually. Let's look at a couple of examples.\n- If Alibaba were to generate earnings per share of $20 at some point and traded at an earnings multiple of 25, then shares would trade at $500.\n- If Alibaba were to generate earnings per share of $25 and traded at a 20x earnings multiple, then shares would trade at $500.\n- If Alibaba were to generate earnings per share of $17 and traded at 29x its net profits, then shares would trade at (marginally below) $500.\nWe see that there are many scenarios that could get us to a $500 share price for BABA, some of them more likely than others. Of course, the higher your target multiple, the lower the earnings that would be required. This, in turn, means that the price target can be hit sooner, as less cumulative earnings growth would be required. When we take a look at how Alibaba was valued in the past, we see that the longer-term median earnings multiples for BABA look like this:\nData byYCharts\nAt 30-40x net earnings, Alibaba was clearly trading at a massive premium relative to how shares are valued today (around 20x this year's earnings). I think that the current valuation is too low, but on the other hand, I do not expect Alibaba to trade at 30, 35, or even 40x net profits in coming years. Due to the growing scale of Alibaba, which makes it a little harder to maintain its excellent growth in coming years, shares will likely trade at a lower valuation in coming years, compared to how they were valued in the past.\nI still think that shares do have some valuation expansion potential from the current earnings multiple of around 21, thus let's assume that shares trade at 23x net profits in the future. This would still represent a massive discount versus the historic valuation, and also a substantial discount compared to how US-based high-tech mega-caps are valued -- Amazon (AMZN), for example, trades at 59x this year's earnings.\nIf we want to get to a $500 share price for BABA using a 23x earnings multiple, then we get to earnings per share of $21.70 that Alibaba must generate. When could this be the case? In the following chart, we see EPS estimates for the current year, next year (CY 2022), and CY 2023:\nData byYCharts\nIf analysts are right, Alibaba will not get to earn $22 a share through 2023, and I think that is realistic. I do not see earnings per share rising by 100%+ between this year and 2023, either. From 2023, it would take another 43% increase in Alibaba's earnings per share to get to $21.70, which is our \"target EPS\" for a $500 share price.\nData byYCharts\nAnalysts are currently forecasting long-term EPS growth of around 27%, which would mean it would take Alibaba about 1.5 years to grow its EPS from $15.20 (2023 estimate) to our target of $21.70. Even if we assume that this is too optimistic and that growth will be just 20% in 2024 and 2025, EPS of $21.70 could be hit by the end of 2025. So, in other words, if Alibaba grows a little less than what analysts are forecasting right now, Alibaba could trade at $500 by the end of 2025 -- or 4.5 years from now. Note that this scenario does not require a high earnings multiple at all -- at 23x net profits, Alibaba wouldn't be expensive, I believe.\nWe can get even more conservative and assume that the 2023 EPS estimate is 10% too high and that EPS will grow by just 17% a year in the years beyond 2023 (versus a long-term forecast of 27% a year by the analyst community). In that case, Alibaba would hit $21.70 in earnings per share in 2026, and shares would rise to $500 over the next 5.5 years. Even in this scenario, BABA wouldn't be a bad investment at all -- a 130% share price increase from the current level over the next 5.5 years would equate to annualized returns of 16%.\nSo, to sum this section up, I'd sayyes, BABA can hit $500-- but it will realistically take a couple of years. By the mid-2020s, this seems like a very achievable goal to me, although there are, of course, no guarantees.\nIs Alibaba Stock A Buy Or Sell Now?\nAlibaba Group is, I believe, a strong investment. The company generates strong growth, profits from multiple long-term macro trends, such as growing consumer spending in China, growing e-commerce market share, and cloud computing. There are, however, risks to consider: Alibaba is highly China-dependent, and in case the economic growth story in China ends, Alibaba would be hurt a lot. On top of that, Alibaba could be targeted again by regulators, although I personally think that it is not in China's best interest to hurt one of its highest-growth tech companies.\nFor those that worry about these risks, Alibaba may not be the right choice, but for those that see Alibaba as a potentially very rewarding play on Chinese consumers, BABA could be a strong pick in a diversified portfolio. I belong to the latter group and thus rate the stock a buy at current valuations, expecting significant upside over the coming years. Depending on your risk tolerance and how you weigh the opportunities and threats of investing in Chinese companies, you may decide differently, however.","news_type":1,"symbols_score_info":{"BABA":0.9,"09988":0.9}},"isVote":1,"tweetType":1,"viewCount":2840,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":135455829,"gmtCreate":1622178886161,"gmtModify":1631889235223,"author":{"id":"3581636231442888","authorId":"3581636231442888","name":"579fe29b","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581636231442888","idStr":"3581636231442888"},"themes":[],"htmlText":"$2 per share is still quite expensive.","listText":"$2 per share is still quite expensive.","text":"$2 per share is still quite expensive.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/135455829","repostId":"1110066138","repostType":4,"isVote":1,"tweetType":1,"viewCount":424,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":196722988,"gmtCreate":1621124646344,"gmtModify":1631892028252,"author":{"id":"3581636231442888","authorId":"3581636231442888","name":"579fe29b","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581636231442888","idStr":"3581636231442888"},"themes":[],"htmlText":"Will you buy doge or shib coin?","listText":"Will you buy doge or shib coin?","text":"Will you buy doge or shib coin?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/196722988","repostId":"1125097244","repostType":4,"isVote":1,"tweetType":1,"viewCount":352,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":190662096,"gmtCreate":1620616831915,"gmtModify":1631893193116,"author":{"id":"3581636231442888","authorId":"3581636231442888","name":"579fe29b","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581636231442888","idStr":"3581636231442888"},"themes":[],"htmlText":"Which is a better stock to buy amongst those stated?","listText":"Which is a better stock to buy amongst those stated?","text":"Which is a better stock to buy amongst those stated?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/190662096","repostId":"1171756066","repostType":4,"repost":{"id":"1171756066","kind":"news","pubTimestamp":1620614586,"share":"https://www.laohu8.com/m/news/1171756066?lang=zh_CN&edition=full","pubTime":"2021-05-10 10:43","market":"us","language":"en","title":"5 Unbeatable Stocks to Buy for a Biden Bull Market<blockquote>拜登牛市值得买入的5只无与伦比的股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1171756066","media":"fool","summary":"When President Joe Biden took office on Jan. 20, 2021, he inherited one of the worst economic catastrophes in decades. The coronavirus disease 2019  pandemic wreaked havoc on the U.S. and global economy, and it briefly sent the U.S. stock market into a tailspin.However, a perfect storm could be brewing for equities under the Biden administration. The Federal Reserve has pledged to hold firm on historically low lending rates, while the White House is calling for trillions of dollars in additional","content":"<p>When President Joe Biden took office on Jan. 20, 2021, he inherited one of the worst economic catastrophes in decades. The coronavirus disease 2019 (COVID-19) pandemic wreaked havoc on the U.S. and global economy, and it briefly sent the U.S. stock market into a tailspin.</p><p><blockquote>当乔·拜登总统于2021年1月20日就职时，他继承了几十年来最严重的经济灾难之一。2019年冠状病毒病（COVID-19）大流行对美国和全球经济造成了严重破坏，并一度导致美国股市陷入混乱。</blockquote></p><p> However, a perfect storm could be brewing for equities under the Biden administration. The Federal Reserve has pledged to hold firm on historically low lending rates, while the White House is calling for trillions of dollars in additional spending. This abundant access to cheap capital is the perfect recipe for stocks to thrive in a rebounding economy.</p><p><blockquote>然而，拜登政府领导下的股市可能正在酝酿一场完美风暴。美联储承诺维持历史低位的贷款利率，而白宫则呼吁增加数万亿美元的支出。这种获得廉价资本的丰富渠道是股市在经济反弹中蓬勃发展的完美秘诀。</blockquote></p><p> If a Biden bull market does take shape, the following five unbeatable stocks would be the perfect companies to own.</p><p><blockquote>如果拜登牛市确实形成，以下五只无与伦比的股票将是值得拥有的完美公司。</blockquote></p><p> <b>Alphabet</b></p><p><blockquote><b>Alphabet</b></blockquote></p><p> Few stocks are more synonymous with the word \"unbeatable\" than&nbsp;<b>Alphabet</b>(NASDAQ:GOOGL)(NASDAQ:GOOG), the parent company of internet search engine Google and streaming platform YouTube.</p><p><blockquote>很少有股票比这更能代表“无与伦比”这个词了<b>Alphabet</b>（纳斯达克：GOOGL）（纳斯达克：GOOG），互联网搜索引擎谷歌和流媒体平台YouTube的母公司。</blockquote></p><p> Alphabet operates what might as well be a monopoly in internet search. According to GlobalStats, Google has consistently maintainedglobal search engine market share of 91% to 93%for at least the past two years. Its next-closest competitor,<b>Microsoft</b>'s Bing, hardly registered with a 2.29% share of the search engine market in April 2021. Being such a dominant force in search means advertisers will pay up for prime placement. It also suggests that the company's traffic acquisition costs should decline over time. As the U.S. and global economy improve, ad spending should really pick up.</p><p><blockquote>Alphabet垄断了互联网搜索。根据GlobalStats的数据，至少在过去两年里，谷歌一直保持着91%至93%的全球搜索引擎市场份额。其第二接近的竞争对手，<b>微软</b>Bing在2021年4月几乎没有注册，在搜索引擎市场的份额为2.29%。成为搜索领域的主导力量意味着广告商将为黄金位置付费。这也表明公司的流量获取成本应该会随着时间的推移而下降。随着美国和全球经济的改善，广告支出应该会真正回升。</blockquote></p><p> But Alphabetis about more than just internet search. Ad revenue generated from YouTube -- one of the three most-visited social sites on the planet -- jumped 49% in the first quarter to $6 billion. Meanwhile, revenue from cloud infrastructure segment Google Cloud rose 46% to $4 billion. These once small ancillary operations are now on track to contribute $40 billion in sales to Alphabet on an annual run-rate basis.</p><p><blockquote>但是Alphabetis不仅仅是互联网搜索。YouTube是全球访问量最大的三个社交网站之一，第一季度的广告收入增长了49%，达到60亿美元。与此同时，云基础设施部门谷歌云的收入增长了46%，达到40亿美元。这些曾经规模较小的辅助业务现在有望为Alphabet贡献400亿美元的销售额。</blockquote></p><p> Despite its $1.6 trillion price tag, Alphabet is still a bargain.</p><p><blockquote>尽管标价1.6万亿美元，Alphabet仍然很便宜。</blockquote></p><p> <b>AstraZeneca</b></p><p><blockquote><b>阿斯利康</b></blockquote></p><p> For two decades,pharmaceutical stock&nbsp;<b>AstraZeneca</b>(NASDAQ:AZN)was a largely forgettable drug developer that struggled with competition and the patent cliff. Today, it's reinvented itself into a bona fide growth stock with a bright future.</p><p><blockquote>二十年来，医药股<b>阿斯利康</b>（纳斯达克：AZN）是一家在很大程度上被遗忘的药物开发商，在竞争和专利悬崖中苦苦挣扎。如今，它已将自己重塑为一只真正的成长型股票，拥有光明的未来。</blockquote></p><p> The primary growth driver for AstraZenecais the company's oncology segment. In the first quarter alone, constant currency sales jumped 16% to $3.02 billion. The company's blockbuster trio of Tagrisso, Imfinzi, and Lynparza led the way with respective constant-currency sales growth of 13%, 17%, and 33%. Diabetes blockbuster drug Farxiga also deserves a mention with its 50% constant-currency sales growth in Q1 2021. The company's brand-name treatments are on fire, and it's led to sustainable double-digit topline growth.</p><p><blockquote>阿斯利康的主要增长动力是该公司的肿瘤部门。仅在第一季度，按固定汇率计算的销售额就跃升16%，达到30.2亿美元。该公司的重磅三巨头Tagrisso、Imfinzi和Lynparza以13%、17%和33%的固定汇率销售额增长领先。糖尿病重磅药物Farxiga也值得一提，其2021年第一季度的固定汇率销售额增长了50%。该公司的品牌疗法火了，并带来了可持续的两位数营收增长。</blockquote></p><p> Equally exciting is AstraZeneca's pending acquisition of<b>Alexion Pharmaceuticals</b>(NASDAQ:ALXN). Alexion is a developer of ultra-rare therapeutics. Though it's risky developing treatments for such a small group of patients, success is usually met with no competition and little or no pushback from health insurers on high list prices.</p><p><blockquote>同样令人兴奋的是阿斯利康即将收购的<b>Alexion制药公司</b>（纳斯达克：ALXN）。Alexion是一家超罕见疗法的开发商。尽管为如此小的患者群体开发治疗方法存在风险，但成功通常不会遇到竞争，也很少或没有来自健康保险公司对高标价的抵制。</blockquote></p><p> The best part about the Alexion deal is the companydeveloped a replacement for its top-selling drug, Soliris. The next-generation therapy, known as Ultomiris, is administered less frequently, which is a positive for patients. Eventually, Ultomiris will gobble up Soliris' sales and lock-up Alexion's/AstraZeneca's cash flow for a long time to come.</p><p><blockquote>Alexion交易最好的部分是该公司开发了其最畅销药物Soliris的替代品。下一代疗法Ultomiris的使用频率较低，这对患者来说是积极的。最终，Ultomiris将吞噬Soliris的销售额，并在未来很长一段时间内锁定Alexion/阿斯利康的现金流。</blockquote></p><p> <b>Mastercard</b></p><p><blockquote><b>万事达卡</b></blockquote></p><p> Another unbeatable stock that can deliver superior returns with Biden in the White House is payment facilitator<b>Mastercard</b>(NYSE:MA).</p><p><blockquote>拜登入主白宫后，另一只可以带来丰厚回报的无与伦比的股票是支付服务商<b>万事达卡</b>（纽约证券交易所代码：MA）。</blockquote></p><p> Like mostfinancial stocks, Mastercard is cyclical. This means it struggles when the U.S. and global economy contract or enter a recession and it thrives when the economy is running on all cylinders. That's because it relies on merchant fees via payments to drive its top and bottom line. But the thing to understand about cyclical companies like Mastercard is that time is on their side. Whereas recessions often last for a few quarters, periods of expansion usually last many years. Considering how much money the Biden administration is attempting to pump into the U.S. economy, Mastercard should have a field day.</p><p><blockquote>与大多数金融股一样，万事达卡也具有周期性。这意味着当美国和全球经济收缩或进入衰退时，它会陷入困境，而当经济全速运转时，它会蓬勃发展。这是因为它依靠通过支付收取的商家费用来推动其营收和利润。但对于像万事达卡这样的周期性公司，需要了解的是，时间站在他们一边。衰退通常会持续几个季度，而扩张期通常会持续很多年。考虑到拜登政府试图向美国经济注入多少资金，万事达卡应该会大吃一惊。</blockquote></p><p> Something else to consider is that Mastercardhas chosen not to be a lender. Although some of its peers do act as both processors and lenders (via credit cards), and are therefore able to double-dip during economic expansions, Mastercard's avoidance of lending is actually a smart move. When recessions inevitably strike and credit delinquencies rise, Mastercard doesn't have set aside cash. This is why it rebounds much quicker than its peers during the early stages of a recovery.</p><p><blockquote>另一件需要考虑的事情是万事达卡选择不成为贷方。尽管它的一些同行确实既充当处理者又充当贷方（通过信用卡），因此能够在经济扩张期间二次探底，但万事达卡避免贷款实际上是明智之举。当经济衰退不可避免地袭来且信用拖欠率上升时，万事达卡没有留出现金。这就是为什么它在复苏的早期阶段比同行反弹得更快。</blockquote></p><p></p><p> The math here is simple: As the economy picks up steam, consumers and businesses are going to spend, spend, and spend some more. That's music to the ears of all Mastercard shareholders.</p><p><blockquote>这里的数学很简单：随着经济加速发展，消费者和企业将会消费、消费、再消费。这对所有万事达卡股东来说都是美妙的音乐。</blockquote></p><p> <b>Annaly Capital Management</b></p><p><blockquote><b>安娜利资本管理公司</b></blockquote></p><p> Don't worry, I haven't forgotten about you dividend income-seekers out there. If a Biden bull market takes shape, mortgage real estate investment trust (REIT)<b>Annaly Capital Management</b>(NYSE:NLY)could be a smart place to put your money to work.</p><p><blockquote>别担心，我没有忘记你们这些寻求股息收入的人。如果拜登牛市形成，抵押房地产投资信托基金（REIT）<b>安娜利资本管理公司</b>（纽约证券交易所股票代码：NLY）可能是一个让你的钱发挥作用的明智地方。</blockquote></p><p> Without getting overly technical, mortgage REITs like Annaly borrow money at short-term lending rates and use it to purchase securities with higher long-term yields. In Annaly's case, we're primarily talking about mortgage-backed securities (MBS). The difference between the long-term yield received and the short-term borrowing rate is known as net interest margin (NIM). The wider the NIM, the more profitable Annaly is, and the bigger the dividend payout it can provide to shareholders. Right now, Annaly Capital isyielding a jaw-dropping 9.7%.</p><p><blockquote>像Annaly这样的抵押房地产投资信托基金在没有过于技术性的情况下，以短期贷款利率借钱，并用它来购买长期收益率更高的证券。在Annaly的案例中，我们主要谈论的是抵押贷款支持证券(MBS)。收到的长期收益率和短期借款利率之间的差额称为净息差（NIM）。NIM越宽，Annaly的利润就越高，可以向股东提供的股息支付也就越大。目前，Annaly Capital的收益率高达令人瞠目结舌的9.7%。</blockquote></p><p> What makes Annaly such a perfect stock to buy is thatwe're witnessing the yield curve steepen. When the U.S. economy is rebounding from a recession, it's normal for long-term yields to rise and for short-term yields to fall or flatten out. When this happens, Annaly usually experiences a widening of its NIM.</p><p><blockquote>Annaly之所以成为如此完美的买入股票，是因为我们正在目睹收益率曲线变陡。当美国经济从衰退中反弹时，长期收益率上升、短期收益率下降或持平是正常的。当这种情况发生时，Annaly通常会经历净息差的扩大。</blockquote></p><p> Additionally, Annaly almost exclusively buys agency securities. This is a fancy way of saying that the MBSs it's purchasing are backed by the federal government in the event of a default. This protection is what allows the company to utilize leverage to its advantage, thereby pumping up its profits.</p><p><blockquote>此外，Annaly几乎只购买代理证券。这是一种奇特的说法，即如果发生违约，它购买的MBS将得到联邦政府的支持。这种保护使公司能够利用杠杆发挥优势，从而提高利润。</blockquote></p><p> <b>Trupanion</b></p><p><blockquote><b>特鲁帕尼翁</b></blockquote></p><p> Lastly, companion animal health insurance company&nbsp;<b>Trupanion</b>(NASDAQ:TRUP)has all the look of an unbeatable stock to buy in a Biden bull market.</p><p><blockquote>最后，伴侣动物健康保险公司<b>特鲁帕尼翁</b>（纳斯达克：TRUP）看起来像是在拜登牛市中值得购买的无与伦比的股票。</blockquote></p><p> The pet industry may not offer flashy growth prospects like cybersecurity or cannabis, but it's arguably themost consistent growth opportunity. It's been more than a quarter of a century since year-over-year U.S. pet expenditures declined. Further, the American Pet Products Association notes that the percentage of American household owning a pet has increased from 56% in 1988 to 67% by 2019-2020. If we've learned anything about pet owners, it's that they're willing to spend big bucks to ensure the well-being of their four-legged family members.</p><p><blockquote>宠物行业可能不会像网络安全或大麻那样提供华丽的增长前景，但它可以说是最持续的增长机会。美国宠物支出同比下降已经超过四分之一个世纪了。此外，美国宠物产品协会指出，美国家庭拥有宠物的比例已从1988年的56%增加到2019-2020年的67%。如果说我们对宠物主人有什么了解的话，那就是他们愿意花大价钱来确保他们四条腿的家庭成员的健康。</blockquote></p><p> Trupanion, which recently lifted the hood on its first-quarter operating results, isclosing in on 1 million total enrolled pets(943,854 at the end of Q1 2021). Amazingly, this only represents a little over 1% penetration of the U.S. market. In the U.K., about 1 in 4 pet owners purchases insurance for their cat or dog. If Trupanion can achieve a similar penetration rate, its addressable market would be more than $32 billion.</p><p><blockquote>Trupanion最近公布了第一季度的运营业绩，注册宠物总数接近100万只（2021年第一季度末为943,854只）。令人惊讶的是，这仅代表美国市场1%多一点的渗透率。在英国，大约四分之一的宠物主人为他们的猫或狗购买保险。如果Trupanion能够达到类似的渗透率，其潜在市场将超过320亿美元。</blockquote></p><p> This is a company that's spent two decades building up rapport with veterinarians and their staff at the clinical level. It's also the only major companion animal health insurance provider with software capable of handling payment to veterinarians at the time of checkout.</p><p><blockquote>这是一家花了二十年时间在临床层面与兽医及其员工建立融洽关系的公司。它也是唯一一家拥有能够在结账时处理向兽医付款的软件的主要伴侣动物健康保险提供商。</blockquote></p><p> The sky is the limit for Trupanion.</p><p><blockquote>天空是Trupanion的极限。</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>5 Unbeatable Stocks to Buy for a Biden Bull Market<blockquote>拜登牛市值得买入的5只无与伦比的股票</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\">\n5 Unbeatable Stocks to Buy for a Biden Bull Market<blockquote>拜登牛市值得买入的5只无与伦比的股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">fool</strong><span class=\"h-time small\">2021-05-10 10:43</span>\n</p>\n</h4>\n</header>\n<article>\n<p>When President Joe Biden took office on Jan. 20, 2021, he inherited one of the worst economic catastrophes in decades. The coronavirus disease 2019 (COVID-19) pandemic wreaked havoc on the U.S. and global economy, and it briefly sent the U.S. stock market into a tailspin.</p><p><blockquote>当乔·拜登总统于2021年1月20日就职时，他继承了几十年来最严重的经济灾难之一。2019年冠状病毒病（COVID-19）大流行对美国和全球经济造成了严重破坏，并一度导致美国股市陷入混乱。</blockquote></p><p> However, a perfect storm could be brewing for equities under the Biden administration. The Federal Reserve has pledged to hold firm on historically low lending rates, while the White House is calling for trillions of dollars in additional spending. This abundant access to cheap capital is the perfect recipe for stocks to thrive in a rebounding economy.</p><p><blockquote>然而，拜登政府领导下的股市可能正在酝酿一场完美风暴。美联储承诺维持历史低位的贷款利率，而白宫则呼吁增加数万亿美元的支出。这种获得廉价资本的丰富渠道是股市在经济反弹中蓬勃发展的完美秘诀。</blockquote></p><p> If a Biden bull market does take shape, the following five unbeatable stocks would be the perfect companies to own.</p><p><blockquote>如果拜登牛市确实形成，以下五只无与伦比的股票将是值得拥有的完美公司。</blockquote></p><p> <b>Alphabet</b></p><p><blockquote><b>Alphabet</b></blockquote></p><p> Few stocks are more synonymous with the word \"unbeatable\" than&nbsp;<b>Alphabet</b>(NASDAQ:GOOGL)(NASDAQ:GOOG), the parent company of internet search engine Google and streaming platform YouTube.</p><p><blockquote>很少有股票比这更能代表“无与伦比”这个词了<b>Alphabet</b>（纳斯达克：GOOGL）（纳斯达克：GOOG），互联网搜索引擎谷歌和流媒体平台YouTube的母公司。</blockquote></p><p> Alphabet operates what might as well be a monopoly in internet search. According to GlobalStats, Google has consistently maintainedglobal search engine market share of 91% to 93%for at least the past two years. Its next-closest competitor,<b>Microsoft</b>'s Bing, hardly registered with a 2.29% share of the search engine market in April 2021. Being such a dominant force in search means advertisers will pay up for prime placement. It also suggests that the company's traffic acquisition costs should decline over time. As the U.S. and global economy improve, ad spending should really pick up.</p><p><blockquote>Alphabet垄断了互联网搜索。根据GlobalStats的数据，至少在过去两年里，谷歌一直保持着91%至93%的全球搜索引擎市场份额。其第二接近的竞争对手，<b>微软</b>Bing在2021年4月几乎没有注册，在搜索引擎市场的份额为2.29%。成为搜索领域的主导力量意味着广告商将为黄金位置付费。这也表明公司的流量获取成本应该会随着时间的推移而下降。随着美国和全球经济的改善，广告支出应该会真正回升。</blockquote></p><p> But Alphabetis about more than just internet search. Ad revenue generated from YouTube -- one of the three most-visited social sites on the planet -- jumped 49% in the first quarter to $6 billion. Meanwhile, revenue from cloud infrastructure segment Google Cloud rose 46% to $4 billion. These once small ancillary operations are now on track to contribute $40 billion in sales to Alphabet on an annual run-rate basis.</p><p><blockquote>但是Alphabetis不仅仅是互联网搜索。YouTube是全球访问量最大的三个社交网站之一，第一季度的广告收入增长了49%，达到60亿美元。与此同时，云基础设施部门谷歌云的收入增长了46%，达到40亿美元。这些曾经规模较小的辅助业务现在有望为Alphabet贡献400亿美元的销售额。</blockquote></p><p> Despite its $1.6 trillion price tag, Alphabet is still a bargain.</p><p><blockquote>尽管标价1.6万亿美元，Alphabet仍然很便宜。</blockquote></p><p> <b>AstraZeneca</b></p><p><blockquote><b>阿斯利康</b></blockquote></p><p> For two decades,pharmaceutical stock&nbsp;<b>AstraZeneca</b>(NASDAQ:AZN)was a largely forgettable drug developer that struggled with competition and the patent cliff. Today, it's reinvented itself into a bona fide growth stock with a bright future.</p><p><blockquote>二十年来，医药股<b>阿斯利康</b>（纳斯达克：AZN）是一家在很大程度上被遗忘的药物开发商，在竞争和专利悬崖中苦苦挣扎。如今，它已将自己重塑为一只真正的成长型股票，拥有光明的未来。</blockquote></p><p> The primary growth driver for AstraZenecais the company's oncology segment. In the first quarter alone, constant currency sales jumped 16% to $3.02 billion. The company's blockbuster trio of Tagrisso, Imfinzi, and Lynparza led the way with respective constant-currency sales growth of 13%, 17%, and 33%. Diabetes blockbuster drug Farxiga also deserves a mention with its 50% constant-currency sales growth in Q1 2021. The company's brand-name treatments are on fire, and it's led to sustainable double-digit topline growth.</p><p><blockquote>阿斯利康的主要增长动力是该公司的肿瘤部门。仅在第一季度，按固定汇率计算的销售额就跃升16%，达到30.2亿美元。该公司的重磅三巨头Tagrisso、Imfinzi和Lynparza以13%、17%和33%的固定汇率销售额增长领先。糖尿病重磅药物Farxiga也值得一提，其2021年第一季度的固定汇率销售额增长了50%。该公司的品牌疗法火了，并带来了可持续的两位数营收增长。</blockquote></p><p> Equally exciting is AstraZeneca's pending acquisition of<b>Alexion Pharmaceuticals</b>(NASDAQ:ALXN). Alexion is a developer of ultra-rare therapeutics. Though it's risky developing treatments for such a small group of patients, success is usually met with no competition and little or no pushback from health insurers on high list prices.</p><p><blockquote>同样令人兴奋的是阿斯利康即将收购的<b>Alexion制药公司</b>（纳斯达克：ALXN）。Alexion是一家超罕见疗法的开发商。尽管为如此小的患者群体开发治疗方法存在风险，但成功通常不会遇到竞争，也很少或没有来自健康保险公司对高标价的抵制。</blockquote></p><p> The best part about the Alexion deal is the companydeveloped a replacement for its top-selling drug, Soliris. The next-generation therapy, known as Ultomiris, is administered less frequently, which is a positive for patients. Eventually, Ultomiris will gobble up Soliris' sales and lock-up Alexion's/AstraZeneca's cash flow for a long time to come.</p><p><blockquote>Alexion交易最好的部分是该公司开发了其最畅销药物Soliris的替代品。下一代疗法Ultomiris的使用频率较低，这对患者来说是积极的。最终，Ultomiris将吞噬Soliris的销售额，并在未来很长一段时间内锁定Alexion/阿斯利康的现金流。</blockquote></p><p> <b>Mastercard</b></p><p><blockquote><b>万事达卡</b></blockquote></p><p> Another unbeatable stock that can deliver superior returns with Biden in the White House is payment facilitator<b>Mastercard</b>(NYSE:MA).</p><p><blockquote>拜登入主白宫后，另一只可以带来丰厚回报的无与伦比的股票是支付服务商<b>万事达卡</b>（纽约证券交易所代码：MA）。</blockquote></p><p> Like mostfinancial stocks, Mastercard is cyclical. This means it struggles when the U.S. and global economy contract or enter a recession and it thrives when the economy is running on all cylinders. That's because it relies on merchant fees via payments to drive its top and bottom line. But the thing to understand about cyclical companies like Mastercard is that time is on their side. Whereas recessions often last for a few quarters, periods of expansion usually last many years. Considering how much money the Biden administration is attempting to pump into the U.S. economy, Mastercard should have a field day.</p><p><blockquote>与大多数金融股一样，万事达卡也具有周期性。这意味着当美国和全球经济收缩或进入衰退时，它会陷入困境，而当经济全速运转时，它会蓬勃发展。这是因为它依靠通过支付收取的商家费用来推动其营收和利润。但对于像万事达卡这样的周期性公司，需要了解的是，时间站在他们一边。衰退通常会持续几个季度，而扩张期通常会持续很多年。考虑到拜登政府试图向美国经济注入多少资金，万事达卡应该会大吃一惊。</blockquote></p><p> Something else to consider is that Mastercardhas chosen not to be a lender. Although some of its peers do act as both processors and lenders (via credit cards), and are therefore able to double-dip during economic expansions, Mastercard's avoidance of lending is actually a smart move. When recessions inevitably strike and credit delinquencies rise, Mastercard doesn't have set aside cash. This is why it rebounds much quicker than its peers during the early stages of a recovery.</p><p><blockquote>另一件需要考虑的事情是万事达卡选择不成为贷方。尽管它的一些同行确实既充当处理者又充当贷方（通过信用卡），因此能够在经济扩张期间二次探底，但万事达卡避免贷款实际上是明智之举。当经济衰退不可避免地袭来且信用拖欠率上升时，万事达卡没有留出现金。这就是为什么它在复苏的早期阶段比同行反弹得更快。</blockquote></p><p></p><p> The math here is simple: As the economy picks up steam, consumers and businesses are going to spend, spend, and spend some more. That's music to the ears of all Mastercard shareholders.</p><p><blockquote>这里的数学很简单：随着经济加速发展，消费者和企业将会消费、消费、再消费。这对所有万事达卡股东来说都是美妙的音乐。</blockquote></p><p> <b>Annaly Capital Management</b></p><p><blockquote><b>安娜利资本管理公司</b></blockquote></p><p> Don't worry, I haven't forgotten about you dividend income-seekers out there. If a Biden bull market takes shape, mortgage real estate investment trust (REIT)<b>Annaly Capital Management</b>(NYSE:NLY)could be a smart place to put your money to work.</p><p><blockquote>别担心，我没有忘记你们这些寻求股息收入的人。如果拜登牛市形成，抵押房地产投资信托基金（REIT）<b>安娜利资本管理公司</b>（纽约证券交易所股票代码：NLY）可能是一个让你的钱发挥作用的明智地方。</blockquote></p><p> Without getting overly technical, mortgage REITs like Annaly borrow money at short-term lending rates and use it to purchase securities with higher long-term yields. In Annaly's case, we're primarily talking about mortgage-backed securities (MBS). The difference between the long-term yield received and the short-term borrowing rate is known as net interest margin (NIM). The wider the NIM, the more profitable Annaly is, and the bigger the dividend payout it can provide to shareholders. Right now, Annaly Capital isyielding a jaw-dropping 9.7%.</p><p><blockquote>像Annaly这样的抵押房地产投资信托基金在没有过于技术性的情况下，以短期贷款利率借钱，并用它来购买长期收益率更高的证券。在Annaly的案例中，我们主要谈论的是抵押贷款支持证券(MBS)。收到的长期收益率和短期借款利率之间的差额称为净息差（NIM）。NIM越宽，Annaly的利润就越高，可以向股东提供的股息支付也就越大。目前，Annaly Capital的收益率高达令人瞠目结舌的9.7%。</blockquote></p><p> What makes Annaly such a perfect stock to buy is thatwe're witnessing the yield curve steepen. When the U.S. economy is rebounding from a recession, it's normal for long-term yields to rise and for short-term yields to fall or flatten out. When this happens, Annaly usually experiences a widening of its NIM.</p><p><blockquote>Annaly之所以成为如此完美的买入股票，是因为我们正在目睹收益率曲线变陡。当美国经济从衰退中反弹时，长期收益率上升、短期收益率下降或持平是正常的。当这种情况发生时，Annaly通常会经历净息差的扩大。</blockquote></p><p> Additionally, Annaly almost exclusively buys agency securities. This is a fancy way of saying that the MBSs it's purchasing are backed by the federal government in the event of a default. This protection is what allows the company to utilize leverage to its advantage, thereby pumping up its profits.</p><p><blockquote>此外，Annaly几乎只购买代理证券。这是一种奇特的说法，即如果发生违约，它购买的MBS将得到联邦政府的支持。这种保护使公司能够利用杠杆发挥优势，从而提高利润。</blockquote></p><p> <b>Trupanion</b></p><p><blockquote><b>特鲁帕尼翁</b></blockquote></p><p> Lastly, companion animal health insurance company&nbsp;<b>Trupanion</b>(NASDAQ:TRUP)has all the look of an unbeatable stock to buy in a Biden bull market.</p><p><blockquote>最后，伴侣动物健康保险公司<b>特鲁帕尼翁</b>（纳斯达克：TRUP）看起来像是在拜登牛市中值得购买的无与伦比的股票。</blockquote></p><p> The pet industry may not offer flashy growth prospects like cybersecurity or cannabis, but it's arguably themost consistent growth opportunity. It's been more than a quarter of a century since year-over-year U.S. pet expenditures declined. Further, the American Pet Products Association notes that the percentage of American household owning a pet has increased from 56% in 1988 to 67% by 2019-2020. If we've learned anything about pet owners, it's that they're willing to spend big bucks to ensure the well-being of their four-legged family members.</p><p><blockquote>宠物行业可能不会像网络安全或大麻那样提供华丽的增长前景，但它可以说是最持续的增长机会。美国宠物支出同比下降已经超过四分之一个世纪了。此外，美国宠物产品协会指出，美国家庭拥有宠物的比例已从1988年的56%增加到2019-2020年的67%。如果说我们对宠物主人有什么了解的话，那就是他们愿意花大价钱来确保他们四条腿的家庭成员的健康。</blockquote></p><p> Trupanion, which recently lifted the hood on its first-quarter operating results, isclosing in on 1 million total enrolled pets(943,854 at the end of Q1 2021). Amazingly, this only represents a little over 1% penetration of the U.S. market. In the U.K., about 1 in 4 pet owners purchases insurance for their cat or dog. If Trupanion can achieve a similar penetration rate, its addressable market would be more than $32 billion.</p><p><blockquote>Trupanion最近公布了第一季度的运营业绩，注册宠物总数接近100万只（2021年第一季度末为943,854只）。令人惊讶的是，这仅代表美国市场1%多一点的渗透率。在英国，大约四分之一的宠物主人为他们的猫或狗购买保险。如果Trupanion能够达到类似的渗透率，其潜在市场将超过320亿美元。</blockquote></p><p> This is a company that's spent two decades building up rapport with veterinarians and their staff at the clinical level. It's also the only major companion animal health insurance provider with software capable of handling payment to veterinarians at the time of checkout.</p><p><blockquote>这是一家花了二十年时间在临床层面与兽医及其员工建立融洽关系的公司。它也是唯一一家拥有能够在结账时处理向兽医付款的软件的主要伴侣动物健康保险提供商。</blockquote></p><p> The sky is the limit for Trupanion.</p><p><blockquote>天空是Trupanion的极限。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/05/09/5-unbeatable-stocks-to-buy-for-a-biden-bull-market/\">fool</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AZN":"阿斯利康","GOOGL":"谷歌A","MA":"万事达","TRUP":"Trupanion","NLY":"Annaly Capital Management"},"source_url":"https://www.fool.com/investing/2021/05/09/5-unbeatable-stocks-to-buy-for-a-biden-bull-market/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1171756066","content_text":"When President Joe Biden took office on Jan. 20, 2021, he inherited one of the worst economic catastrophes in decades. The coronavirus disease 2019 (COVID-19) pandemic wreaked havoc on the U.S. and global economy, and it briefly sent the U.S. stock market into a tailspin.\nHowever, a perfect storm could be brewing for equities under the Biden administration. The Federal Reserve has pledged to hold firm on historically low lending rates, while the White House is calling for trillions of dollars in additional spending. This abundant access to cheap capital is the perfect recipe for stocks to thrive in a rebounding economy.\nIf a Biden bull market does take shape, the following five unbeatable stocks would be the perfect companies to own.\nAlphabet\nFew stocks are more synonymous with the word \"unbeatable\" than Alphabet(NASDAQ:GOOGL)(NASDAQ:GOOG), the parent company of internet search engine Google and streaming platform YouTube.\nAlphabet operates what might as well be a monopoly in internet search. According to GlobalStats, Google has consistently maintainedglobal search engine market share of 91% to 93%for at least the past two years. Its next-closest competitor,Microsoft's Bing, hardly registered with a 2.29% share of the search engine market in April 2021. Being such a dominant force in search means advertisers will pay up for prime placement. It also suggests that the company's traffic acquisition costs should decline over time. As the U.S. and global economy improve, ad spending should really pick up.\nBut Alphabetis about more than just internet search. Ad revenue generated from YouTube -- one of the three most-visited social sites on the planet -- jumped 49% in the first quarter to $6 billion. Meanwhile, revenue from cloud infrastructure segment Google Cloud rose 46% to $4 billion. These once small ancillary operations are now on track to contribute $40 billion in sales to Alphabet on an annual run-rate basis.\nDespite its $1.6 trillion price tag, Alphabet is still a bargain.\nAstraZeneca\nFor two decades,pharmaceutical stock AstraZeneca(NASDAQ:AZN)was a largely forgettable drug developer that struggled with competition and the patent cliff. Today, it's reinvented itself into a bona fide growth stock with a bright future.\nThe primary growth driver for AstraZenecais the company's oncology segment. In the first quarter alone, constant currency sales jumped 16% to $3.02 billion. The company's blockbuster trio of Tagrisso, Imfinzi, and Lynparza led the way with respective constant-currency sales growth of 13%, 17%, and 33%. Diabetes blockbuster drug Farxiga also deserves a mention with its 50% constant-currency sales growth in Q1 2021. The company's brand-name treatments are on fire, and it's led to sustainable double-digit topline growth.\nEqually exciting is AstraZeneca's pending acquisition ofAlexion Pharmaceuticals(NASDAQ:ALXN). Alexion is a developer of ultra-rare therapeutics. Though it's risky developing treatments for such a small group of patients, success is usually met with no competition and little or no pushback from health insurers on high list prices.\nThe best part about the Alexion deal is the companydeveloped a replacement for its top-selling drug, Soliris. The next-generation therapy, known as Ultomiris, is administered less frequently, which is a positive for patients. Eventually, Ultomiris will gobble up Soliris' sales and lock-up Alexion's/AstraZeneca's cash flow for a long time to come.\nMastercard\nAnother unbeatable stock that can deliver superior returns with Biden in the White House is payment facilitatorMastercard(NYSE:MA).\nLike mostfinancial stocks, Mastercard is cyclical. This means it struggles when the U.S. and global economy contract or enter a recession and it thrives when the economy is running on all cylinders. That's because it relies on merchant fees via payments to drive its top and bottom line. But the thing to understand about cyclical companies like Mastercard is that time is on their side. Whereas recessions often last for a few quarters, periods of expansion usually last many years. Considering how much money the Biden administration is attempting to pump into the U.S. economy, Mastercard should have a field day.\nSomething else to consider is that Mastercardhas chosen not to be a lender. Although some of its peers do act as both processors and lenders (via credit cards), and are therefore able to double-dip during economic expansions, Mastercard's avoidance of lending is actually a smart move. When recessions inevitably strike and credit delinquencies rise, Mastercard doesn't have set aside cash. This is why it rebounds much quicker than its peers during the early stages of a recovery.\nThe math here is simple: As the economy picks up steam, consumers and businesses are going to spend, spend, and spend some more. That's music to the ears of all Mastercard shareholders.\nAnnaly Capital Management\nDon't worry, I haven't forgotten about you dividend income-seekers out there. If a Biden bull market takes shape, mortgage real estate investment trust (REIT)Annaly Capital Management(NYSE:NLY)could be a smart place to put your money to work.\nWithout getting overly technical, mortgage REITs like Annaly borrow money at short-term lending rates and use it to purchase securities with higher long-term yields. In Annaly's case, we're primarily talking about mortgage-backed securities (MBS). The difference between the long-term yield received and the short-term borrowing rate is known as net interest margin (NIM). The wider the NIM, the more profitable Annaly is, and the bigger the dividend payout it can provide to shareholders. Right now, Annaly Capital isyielding a jaw-dropping 9.7%.\nWhat makes Annaly such a perfect stock to buy is thatwe're witnessing the yield curve steepen. When the U.S. economy is rebounding from a recession, it's normal for long-term yields to rise and for short-term yields to fall or flatten out. When this happens, Annaly usually experiences a widening of its NIM.\nAdditionally, Annaly almost exclusively buys agency securities. This is a fancy way of saying that the MBSs it's purchasing are backed by the federal government in the event of a default. This protection is what allows the company to utilize leverage to its advantage, thereby pumping up its profits.\nTrupanion\nLastly, companion animal health insurance company Trupanion(NASDAQ:TRUP)has all the look of an unbeatable stock to buy in a Biden bull market.\nThe pet industry may not offer flashy growth prospects like cybersecurity or cannabis, but it's arguably themost consistent growth opportunity. It's been more than a quarter of a century since year-over-year U.S. pet expenditures declined. Further, the American Pet Products Association notes that the percentage of American household owning a pet has increased from 56% in 1988 to 67% by 2019-2020. If we've learned anything about pet owners, it's that they're willing to spend big bucks to ensure the well-being of their four-legged family members.\nTrupanion, which recently lifted the hood on its first-quarter operating results, isclosing in on 1 million total enrolled pets(943,854 at the end of Q1 2021). Amazingly, this only represents a little over 1% penetration of the U.S. market. In the U.K., about 1 in 4 pet owners purchases insurance for their cat or dog. If Trupanion can achieve a similar penetration rate, its addressable market would be more than $32 billion.\nThis is a company that's spent two decades building up rapport with veterinarians and their staff at the clinical level. It's also the only major companion animal health insurance provider with software capable of handling payment to veterinarians at the time of checkout.\nThe sky is the limit for Trupanion.","news_type":1,"symbols_score_info":{"AZN":0.9,"GOOGL":0.9,"TRUP":0.9,"NLY":0.9,"MA":0.9}},"isVote":1,"tweetType":1,"viewCount":361,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":103484942,"gmtCreate":1619801609886,"gmtModify":1631893193126,"author":{"id":"3581636231442888","authorId":"3581636231442888","name":"579fe29b","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581636231442888","idStr":"3581636231442888"},"themes":[],"htmlText":"Is it worth buying?","listText":"Is it worth buying?","text":"Is it worth buying?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/103484942","repostId":"1146129324","repostType":4,"repost":{"id":"1146129324","kind":"news","pubTimestamp":1619795610,"share":"https://www.laohu8.com/m/news/1146129324?lang=zh_CN&edition=full","pubTime":"2021-04-30 23:13","market":"us","language":"en","title":"1 Question Tesla Investors Need to Ask Themselves<blockquote>特斯拉投资者需要问自己的1个问题</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1146129324","media":"Motley Fool","summary":"Electric-car companyTeslahas now produced a profit for seven consecutive quarters. Tesla managed aGAAPnet income of $438 million in the first quarter, up from just $16 million one-year prior. It would appear, at least at first glance, that the electric-vehicle  pioneer is on the right track in terms of profitability.The problem is that these profits aren't really coming from the cars that Tesla sells. The company currently generates hundreds of millions of dollars in pure profit each quarter fro","content":"<p>Electric-car company<b>Tesla</b>(NASDAQ:TSLA)has now produced a profit for seven consecutive quarters. Tesla managed aGAAPnet income of $438 million in the first quarter, up from just $16 million one-year prior. It would appear, at least at first glance, that the electric-vehicle (EV) pioneer is on the right track in terms of profitability.</p><p><blockquote>电动汽车公司<b>特斯拉</b>（纳斯达克：TSLA）现已连续七个季度盈利。特斯拉第一季度管理的AGAAP净收入为4.38亿美元，高于一年前的1600万美元。至少乍一看，这家电动汽车（EV）先驱在盈利能力方面似乎走在正确的轨道上。</blockquote></p><p> The problem is that these profits aren't really coming from the cars that Tesla sells. The company currently generates hundreds of millions of dollars in pure profit each quarter from the sale of regulatory credits, a side effect of other automakers not making enough zero-emission vehicles to meet regulatory requirements.</p><p><blockquote>问题是这些利润并不是真正来自特斯拉销售的汽车。该公司目前每个季度都从销售监管信用中获得数亿美元的净利润，这是其他汽车制造商没有生产足够的零排放汽车来满足监管要求的副作用。</blockquote></p><p> Regulatory credit sales totaled $518 million in the first quarter, accounting for all of Tesla's profit and then some. This has been the case in previous quarters, as well. In fact, after backing out regulatory credits from Tesla's net income, the company has been unprofitable for six-straight quarters.</p><p><blockquote>第一季度监管信贷销售额总计5.18亿美元，占特斯拉全部利润甚至部分利润。前几个季度也是如此。事实上，在从特斯拉净利润中收回监管信贷后，该公司已连续六个季度不盈利。</blockquote></p><p> Tesla's bottom line got an additional boost in the first quarter from a gain onthe sale of<b>Bitcoin</b>to the tune of $101 million, which showed up as a reduction in costs. The picture doesn't look so rosy when both regulatory credits and Bitcoin gains are excluded:</p><p><blockquote>特斯拉第一季度的利润因出售<b>比特币</b>高达1.01亿美元，这表现为成本的降低。当排除监管信贷和比特币收益时，情况看起来并不那么乐观：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/b0906160cab581f4c8a599b7d0965d34\" tg-width=\"700\" tg-height=\"467\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> DATA SOURCE: TESLA. CHART BY AUTHOR.</p><p><blockquote>数据来源：特斯拉。作者图表。</blockquote></p><p> There's no question that Tesla's growth is impressive, but there's also no question that the core business of making and selling cars is not turning a profit. The question Tesla investors need to ask themselves is: If Tesla isn't profitable now, when there's little to no competition in electric vehicles in the United States, what's going to happen when a deluge of competition fromtraditional automakersarrives?</p><p><blockquote>毫无疑问，特斯拉的增长令人印象深刻，但毫无疑问，制造和销售汽车的核心业务并未盈利。特斯拉投资者需要问自己的问题是：如果特斯拉现在没有盈利，当美国电动汽车几乎没有竞争时，当传统汽车制造商的大量竞争到来时会发生什么？</blockquote></p><p> A ton of competition is coming</p><p><blockquote>大量的竞争即将到来</blockquote></p><p> Tesla's brand has a cult following, so some people will be buying Tesla vehicles regardless of the other options available. But that's not likely to be the case for most people.</p><p><blockquote>特斯拉的品牌拥有狂热的追随者，因此无论其他选择如何，有些人都会购买特斯拉汽车。但对大多数人来说，情况不太可能如此。</blockquote></p><p> The number of electric vehicles available for purchase in the U.S. is set to explode in the coming years.<b>General Motors</b>(NYSE:GM)is planning to launch 30 EVs globally by 2025, with two-thirds set to be sold in North America. The company is aiming to sell 1 million EVs annually in North America by 2025.</p><p><blockquote>未来几年，美国可供购买的电动汽车数量将呈爆炸式增长。<b>通用汽车</b>（纽约证券交易所股票代码：GM）计划到2025年在全球推出30款电动汽车，其中三分之二将在北美销售。该公司的目标是到2025年在北美每年销售100万辆电动汽车。</blockquote></p><p> Those models include electric versions of the company's GMC Hummer and Chevrolet Silverado pickup truck. Tesla has a loyal customer base, but so does GM. Someone who's been a GM truck buyer for years is likely to stick with GM when they decide to switch to an electric vehicle.</p><p><blockquote>这些车型包括该公司GMC悍马和雪佛兰索罗德皮卡的电动版本。特斯拉拥有忠实的客户群，但通用汽车也是如此。多年来一直购买通用汽车卡车的人在决定转向电动汽车时可能会坚持使用通用汽车。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/c651279799dfdf96552379a7b5d448a9\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> IMAGE SOURCE: GM.</p><p><blockquote>图片来源：通用汽车。</blockquote></p><p> <b>Ford</b>(NYSE:F)is also pouring resources into electric vehicles, allocating $29 billion for electric and autonomous vehicles through 2025. The company's plans include anelectric version of its F-150 pickup truck, which should hit the production lines by mid-2022. Given GM's and Ford's plans, it will not be easy for Tesla to steal away market share in the lucrative pickup-truck segment.</p><p><blockquote><b>福特</b>（纽约证券交易所股票代码：F）也在向电动汽车投入资源，到2025年为电动和自动驾驶汽车拨款290亿美元。该公司的计划包括F-150皮卡车的电动版本，预计将于2022年中期投入生产线。鉴于通用和福特的计划，特斯拉要抢走利润丰厚的皮卡市场份额并不容易。</blockquote></p><p> Other car companies have big plans, as well.<b>Volkswagen</b>(OTC:VWAGY)already sells over 200,000 EVs annually andexpects that number to double this year. The company is aiming to sell roughly 2 million EVs annually by 2025 and expects to launch 70 EV models by 2030.<b>Toyota</b>(NYSE:TM)willlaunch 15 new electric vehicles by 2025, some of which will be under the new Toyota bZ sub-brand. The list goes on.</p><p><blockquote>其他汽车公司也有宏伟的计划。<b>大众汽车</b>(OTC：VWAGY)每年已销售超过200,000辆电动汽车，预计今年这一数字将翻一番。该公司的目标是到2025年每年销售约200万辆电动汽车，并预计到2030年推出70款电动汽车车型。<b>丰田</b>(NYSE：TM)将在2025年之前推出15款新电动汽车，其中一些将属于新的丰田bZ子品牌。这样的例子不胜枚举。</blockquote></p><p> Not only will all these electric vehicles provide consumers with a bevy of options beyond Tesla, but they'll also deprive Tesla of its regulatory-credit income as other automakers churn out an increasing number of EVs.</p><p><blockquote>所有这些电动汽车不仅将为消费者提供特斯拉之外的一系列选择，而且随着其他汽车制造商生产越来越多的电动汽车，它们还将剥夺特斯拉的监管信贷收入。</blockquote></p><p> None of this is to say that Tesla can't be successful in a world where it faces more competition. But turning a profit is is going to get harder with each passing year.</p><p><blockquote>这并不是说特斯拉不能在一个面临更多竞争的世界中取得成功。但每年盈利都会变得越来越困难。</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>1 Question Tesla Investors Need to Ask Themselves<blockquote>特斯拉投资者需要问自己的1个问题</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\">\n1 Question Tesla Investors Need to Ask Themselves<blockquote>特斯拉投资者需要问自己的1个问题</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Motley Fool</strong><span class=\"h-time small\">2021-04-30 23:13</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Electric-car company<b>Tesla</b>(NASDAQ:TSLA)has now produced a profit for seven consecutive quarters. Tesla managed aGAAPnet income of $438 million in the first quarter, up from just $16 million one-year prior. It would appear, at least at first glance, that the electric-vehicle (EV) pioneer is on the right track in terms of profitability.</p><p><blockquote>电动汽车公司<b>特斯拉</b>（纳斯达克：TSLA）现已连续七个季度盈利。特斯拉第一季度管理的AGAAP净收入为4.38亿美元，高于一年前的1600万美元。至少乍一看，这家电动汽车（EV）先驱在盈利能力方面似乎走在正确的轨道上。</blockquote></p><p> The problem is that these profits aren't really coming from the cars that Tesla sells. The company currently generates hundreds of millions of dollars in pure profit each quarter from the sale of regulatory credits, a side effect of other automakers not making enough zero-emission vehicles to meet regulatory requirements.</p><p><blockquote>问题是这些利润并不是真正来自特斯拉销售的汽车。该公司目前每个季度都从销售监管信用中获得数亿美元的净利润，这是其他汽车制造商没有生产足够的零排放汽车来满足监管要求的副作用。</blockquote></p><p> Regulatory credit sales totaled $518 million in the first quarter, accounting for all of Tesla's profit and then some. This has been the case in previous quarters, as well. In fact, after backing out regulatory credits from Tesla's net income, the company has been unprofitable for six-straight quarters.</p><p><blockquote>第一季度监管信贷销售额总计5.18亿美元，占特斯拉全部利润甚至部分利润。前几个季度也是如此。事实上，在从特斯拉净利润中收回监管信贷后，该公司已连续六个季度不盈利。</blockquote></p><p> Tesla's bottom line got an additional boost in the first quarter from a gain onthe sale of<b>Bitcoin</b>to the tune of $101 million, which showed up as a reduction in costs. The picture doesn't look so rosy when both regulatory credits and Bitcoin gains are excluded:</p><p><blockquote>特斯拉第一季度的利润因出售<b>比特币</b>高达1.01亿美元，这表现为成本的降低。当排除监管信贷和比特币收益时，情况看起来并不那么乐观：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/b0906160cab581f4c8a599b7d0965d34\" tg-width=\"700\" tg-height=\"467\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> DATA SOURCE: TESLA. CHART BY AUTHOR.</p><p><blockquote>数据来源：特斯拉。作者图表。</blockquote></p><p> There's no question that Tesla's growth is impressive, but there's also no question that the core business of making and selling cars is not turning a profit. The question Tesla investors need to ask themselves is: If Tesla isn't profitable now, when there's little to no competition in electric vehicles in the United States, what's going to happen when a deluge of competition fromtraditional automakersarrives?</p><p><blockquote>毫无疑问，特斯拉的增长令人印象深刻，但毫无疑问，制造和销售汽车的核心业务并未盈利。特斯拉投资者需要问自己的问题是：如果特斯拉现在没有盈利，当美国电动汽车几乎没有竞争时，当传统汽车制造商的大量竞争到来时会发生什么？</blockquote></p><p> A ton of competition is coming</p><p><blockquote>大量的竞争即将到来</blockquote></p><p> Tesla's brand has a cult following, so some people will be buying Tesla vehicles regardless of the other options available. But that's not likely to be the case for most people.</p><p><blockquote>特斯拉的品牌拥有狂热的追随者，因此无论其他选择如何，有些人都会购买特斯拉汽车。但对大多数人来说，情况不太可能如此。</blockquote></p><p> The number of electric vehicles available for purchase in the U.S. is set to explode in the coming years.<b>General Motors</b>(NYSE:GM)is planning to launch 30 EVs globally by 2025, with two-thirds set to be sold in North America. The company is aiming to sell 1 million EVs annually in North America by 2025.</p><p><blockquote>未来几年，美国可供购买的电动汽车数量将呈爆炸式增长。<b>通用汽车</b>（纽约证券交易所股票代码：GM）计划到2025年在全球推出30款电动汽车，其中三分之二将在北美销售。该公司的目标是到2025年在北美每年销售100万辆电动汽车。</blockquote></p><p> Those models include electric versions of the company's GMC Hummer and Chevrolet Silverado pickup truck. Tesla has a loyal customer base, but so does GM. Someone who's been a GM truck buyer for years is likely to stick with GM when they decide to switch to an electric vehicle.</p><p><blockquote>这些车型包括该公司GMC悍马和雪佛兰索罗德皮卡的电动版本。特斯拉拥有忠实的客户群，但通用汽车也是如此。多年来一直购买通用汽车卡车的人在决定转向电动汽车时可能会坚持使用通用汽车。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/c651279799dfdf96552379a7b5d448a9\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> IMAGE SOURCE: GM.</p><p><blockquote>图片来源：通用汽车。</blockquote></p><p> <b>Ford</b>(NYSE:F)is also pouring resources into electric vehicles, allocating $29 billion for electric and autonomous vehicles through 2025. The company's plans include anelectric version of its F-150 pickup truck, which should hit the production lines by mid-2022. Given GM's and Ford's plans, it will not be easy for Tesla to steal away market share in the lucrative pickup-truck segment.</p><p><blockquote><b>福特</b>（纽约证券交易所股票代码：F）也在向电动汽车投入资源，到2025年为电动和自动驾驶汽车拨款290亿美元。该公司的计划包括F-150皮卡车的电动版本，预计将于2022年中期投入生产线。鉴于通用和福特的计划，特斯拉要抢走利润丰厚的皮卡市场份额并不容易。</blockquote></p><p> Other car companies have big plans, as well.<b>Volkswagen</b>(OTC:VWAGY)already sells over 200,000 EVs annually andexpects that number to double this year. The company is aiming to sell roughly 2 million EVs annually by 2025 and expects to launch 70 EV models by 2030.<b>Toyota</b>(NYSE:TM)willlaunch 15 new electric vehicles by 2025, some of which will be under the new Toyota bZ sub-brand. The list goes on.</p><p><blockquote>其他汽车公司也有宏伟的计划。<b>大众汽车</b>(OTC：VWAGY)每年已销售超过200,000辆电动汽车，预计今年这一数字将翻一番。该公司的目标是到2025年每年销售约200万辆电动汽车，并预计到2030年推出70款电动汽车车型。<b>丰田</b>(NYSE：TM)将在2025年之前推出15款新电动汽车，其中一些将属于新的丰田bZ子品牌。这样的例子不胜枚举。</blockquote></p><p> Not only will all these electric vehicles provide consumers with a bevy of options beyond Tesla, but they'll also deprive Tesla of its regulatory-credit income as other automakers churn out an increasing number of EVs.</p><p><blockquote>所有这些电动汽车不仅将为消费者提供特斯拉之外的一系列选择，而且随着其他汽车制造商生产越来越多的电动汽车，它们还将剥夺特斯拉的监管信贷收入。</blockquote></p><p> None of this is to say that Tesla can't be successful in a world where it faces more competition. But turning a profit is is going to get harder with each passing year.</p><p><blockquote>这并不是说特斯拉不能在一个面临更多竞争的世界中取得成功。但每年盈利都会变得越来越困难。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/04/30/1-question-tesla-investors-need-to-ask-themselves/\">Motley Fool</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.fool.com/investing/2021/04/30/1-question-tesla-investors-need-to-ask-themselves/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1146129324","content_text":"Electric-car companyTesla(NASDAQ:TSLA)has now produced a profit for seven consecutive quarters. Tesla managed aGAAPnet income of $438 million in the first quarter, up from just $16 million one-year prior. It would appear, at least at first glance, that the electric-vehicle (EV) pioneer is on the right track in terms of profitability.\nThe problem is that these profits aren't really coming from the cars that Tesla sells. The company currently generates hundreds of millions of dollars in pure profit each quarter from the sale of regulatory credits, a side effect of other automakers not making enough zero-emission vehicles to meet regulatory requirements.\nRegulatory credit sales totaled $518 million in the first quarter, accounting for all of Tesla's profit and then some. This has been the case in previous quarters, as well. In fact, after backing out regulatory credits from Tesla's net income, the company has been unprofitable for six-straight quarters.\nTesla's bottom line got an additional boost in the first quarter from a gain onthe sale ofBitcointo the tune of $101 million, which showed up as a reduction in costs. The picture doesn't look so rosy when both regulatory credits and Bitcoin gains are excluded:\n\nDATA SOURCE: TESLA. CHART BY AUTHOR.\nThere's no question that Tesla's growth is impressive, but there's also no question that the core business of making and selling cars is not turning a profit. The question Tesla investors need to ask themselves is: If Tesla isn't profitable now, when there's little to no competition in electric vehicles in the United States, what's going to happen when a deluge of competition fromtraditional automakersarrives?\nA ton of competition is coming\nTesla's brand has a cult following, so some people will be buying Tesla vehicles regardless of the other options available. But that's not likely to be the case for most people.\nThe number of electric vehicles available for purchase in the U.S. is set to explode in the coming years.General Motors(NYSE:GM)is planning to launch 30 EVs globally by 2025, with two-thirds set to be sold in North America. The company is aiming to sell 1 million EVs annually in North America by 2025.\nThose models include electric versions of the company's GMC Hummer and Chevrolet Silverado pickup truck. Tesla has a loyal customer base, but so does GM. Someone who's been a GM truck buyer for years is likely to stick with GM when they decide to switch to an electric vehicle.\n\nIMAGE SOURCE: GM.\nFord(NYSE:F)is also pouring resources into electric vehicles, allocating $29 billion for electric and autonomous vehicles through 2025. The company's plans include anelectric version of its F-150 pickup truck, which should hit the production lines by mid-2022. Given GM's and Ford's plans, it will not be easy for Tesla to steal away market share in the lucrative pickup-truck segment.\nOther car companies have big plans, as well.Volkswagen(OTC:VWAGY)already sells over 200,000 EVs annually andexpects that number to double this year. The company is aiming to sell roughly 2 million EVs annually by 2025 and expects to launch 70 EV models by 2030.Toyota(NYSE:TM)willlaunch 15 new electric vehicles by 2025, some of which will be under the new Toyota bZ sub-brand. The list goes on.\nNot only will all these electric vehicles provide consumers with a bevy of options beyond Tesla, but they'll also deprive Tesla of its regulatory-credit income as other automakers churn out an increasing number of EVs.\nNone of this is to say that Tesla can't be successful in a world where it faces more competition. But turning a profit is is going to get harder with each passing year.","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":544,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":182371831,"gmtCreate":1623555976823,"gmtModify":1631883775510,"author":{"id":"3581636231442888","authorId":"3581636231442888","name":"579fe29b","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581636231442888","idStr":"3581636231442888"},"themes":[],"htmlText":"Is this a good time to buy shares in petrol companies.","listText":"Is this a good time to buy shares in petrol companies.","text":"Is this a good time to buy shares in petrol companies.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/182371831","repostId":"2143735788","repostType":4,"isVote":1,"tweetType":1,"viewCount":1675,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":183981769,"gmtCreate":1623300360951,"gmtModify":1631883775520,"author":{"id":"3581636231442888","authorId":"3581636231442888","name":"579fe29b","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581636231442888","idStr":"3581636231442888"},"themes":[],"htmlText":"Time will tell if it’s accurate&nbsp;","listText":"Time will tell if it’s accurate&nbsp;","text":"Time will tell if it’s accurate","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/183981769","repostId":"2142210925","repostType":4,"isVote":1,"tweetType":1,"viewCount":1684,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":112360402,"gmtCreate":1622851831006,"gmtModify":1631889235150,"author":{"id":"3581636231442888","authorId":"3581636231442888","name":"579fe29b","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581636231442888","idStr":"3581636231442888"},"themes":[],"htmlText":"Does Microsoft pay dividends?","listText":"Does Microsoft pay dividends?","text":"Does Microsoft pay dividends?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/112360402","repostId":"2140540596","repostType":4,"isVote":1,"tweetType":1,"viewCount":656,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}