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2021-08-29

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Wall Street Crime And Punishment: Bernard Ebbers And WorldCom's Seriously Wrong Numbers<blockquote>华尔街罪与罚：伯纳德·埃伯斯和世通的严重错误数字</blockquote>

2021-11-15

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Beijing Stock Exchange kicks off trading with mixed performance<blockquote>北交所开市交易表现不一</blockquote>

2021-11-29

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2021-10-19

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2021-08-27

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2021-06-07

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2021-12-18

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2021-09-07

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Why AMC Stock Soared Almost 30% in August<blockquote>为什么AMC股价8月份飙升近30%</blockquote>

2021-08-31

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2021-12-11

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like","listText":"Pls like","text":"Pls like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/696859602","repostId":"1103512761","repostType":4,"repost":{"id":"1103512761","kind":"news","pubTimestamp":1640663803,"share":"https://www.laohu8.com/m/news/1103512761?lang=zh_CN&edition=full","pubTime":"2021-12-28 11:56","market":"us","language":"en","title":"The S&P Is at Record Highs -- and These 2 Stocks Deserve a Lot of Credit<blockquote>标准普尔指数创历史新高——这两只股票值得高度赞扬</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1103512761","media":"Motley Fool","summary":"Investors were ready to continue their holiday celebrations on Monday, and that showed up in upward ","content":"<p>Investors were ready to continue their holiday celebrations on Monday, and that showed up in upward movement in major market benchmarks. Indeed, the&nbsp;<b>S&amp;P 500</b>(SNPINDEX:^GSPC)pushed to new record levels, climbing 51 points to 4,776 as of 12:30 p.m. ET on Wall Street.</p><p><blockquote>投资者准备在周一继续庆祝节日，这体现在主要市场基准的上涨上。事实上，<b>标普500</b>(SNPINDEX：^GSPC)截至中午12:30上涨51点至4,776点，创下新纪录水平。美国东部时间在华尔街。</blockquote></p><p> Given the strong performance of the tech sector, it would be natural to assume that tech stocks were primarily responsible for the S&amp;P's gains. Certainly, given the large market capitalizations of some of the top players in technology, gains have had an outsized impact. However, largely unnoticed has been the strong performance of&nbsp;energy stocks. Two companies in particular have topped the leaderboard among S&amp;P 500 stocks, and as you'll see below, they're both energy players.</p><p><blockquote>鉴于科技股的强劲表现，人们很自然地认为科技股是标准普尔指数上涨的主要原因。当然，考虑到一些顶级科技公司的巨大市值，收益产生了巨大的影响。然而，能源股的强劲表现在很大程度上未被注意到。特别是有两家公司在标普500股票排行榜上名列前茅，正如您将在下面看到的，它们都是能源公司。</blockquote></p><p> <b>Devon leads the way</b></p><p><blockquote><b>德文郡领先</b></blockquote></p><p> Shares of&nbsp;<b>Devon Energy</b>(NYSE:DVN)were up another 4% on Monday. The stock remains well off its own all-time highs, but it has been the outright winner among S&amp;P 500 components in 2021, with gains of more than 180% year to date.</p><p><blockquote>本公司之股份<b>德文能源公司</b>（纽约证券交易所股票代码：DVN）周一又上涨4%。该股仍远低于历史高点，但它一直是2021年标普500成分股中的绝对赢家，今年迄今涨幅超过180%。</blockquote></p><p> It's not a huge surprise to see Devon climbing given the recovery in the oil and natural gas markets. Crude oil prices got crushed in 2020, but they've rebounded sharply in 2021, and that's been a big boon to energy producers across the board. For Devon in particular, higher oil prices have also allowed the company to boost its dividend because the energy producer uses a variable dividend formula to determine how much it returns to shareholders each quarter. In the past year alone, that payout has gone from $0.11 per share in the fourth quarter of 2020 to $0.84 per share in its most recent quarter, for a&nbsp;dividend yield approaching 8%.</p><p><blockquote>鉴于石油和天然气市场的复苏，德文郡的攀升并不令人意外。原油价格在2020年受到压低，但在2021年大幅反弹，这对所有能源生产商来说都是一大福音。特别是对于德文郡来说，油价上涨也使该公司能够提高股息，因为这家能源生产商使用可变股息公式来确定每个季度向股东返还多少。仅在过去一年，该派息就从2020年第四季度的每股0.11美元增至最近一个季度的每股0.84美元，股息收益率接近8%。</blockquote></p><p> Devon has also capitalized&nbsp;on smart plays in the merger and acquisition arena, successfully integrating the business it acquired in its merger with WPX Energy. By boosting its scale and allowing for lower costs, the merger allowed Devon to return even more capital to shareholders through stock buybacks.</p><p><blockquote>Devon还利用了并购领域的聪明策略，成功整合了其在与WPX Energy合并中收购的业务。通过扩大规模和降低成本，合并使德文郡能够通过股票回购向股东返还更多资本。</blockquote></p><p> Even after an outstanding performance in 2021, Devon could have further to climb. If oil performs well and the business keeps executing strongly, then Devon's 2021 gains could be just the beginning.</p><p><blockquote>即使在2021年表现出色后，德文郡仍可能进一步攀升。如果石油表现良好并且业务保持强劲执行，那么德文郡2021年的增长可能只是一个开始。</blockquote></p><p> <b>Not a sprint but a Marathon</b></p><p><blockquote><b>不是sprint而是马拉松</b></blockquote></p><p> <b>Marathon Oil</b>(NYSE:MRO)is the other big energy contributor to the S&amp;P 500's success. The stock is up 2% today and almost 140% in 2021, just edging out vaccine maker&nbsp;<b>Moderna</b>(NASDAQ:MRNA)for the No. 2 spot as of this writing.</p><p><blockquote><b>马拉松油</b>（纽约证券交易所股票代码：MRO）是标普500成功的另一个重要能源贡献者。该股今天上涨2%，2021年上涨近140%，刚刚击败疫苗制造商<b>现代</b>（纳斯达克：MRNA）在撰写本文时排名第二。</blockquote></p><p> Marathon has also been a big beneficiary of rising oil prices. With free cash flow growth accelerating, the oil company hopes to use some of its newfound financial resources to pay down debt and reduce its leverage in the future. That in turn could allow for even larger dividends and stock buybacks than what it's currently providing.</p><p><blockquote>马拉松也是油价上涨的一大受益者。随着自由现金流增长加速，该石油公司希望在未来利用部分新发现的财务资源来偿还债务并降低杠杆率。这反过来可能会允许比目前提供的更大的股息和股票回购。</blockquote></p><p> Longer term,Marathon's assets give it some flexibility&nbsp;that higher-cost providers don't have, with the ability to generate free cash flow at a $1 billion per-year rate even if crude oil were to fall back toward $50 per barrel. Efforts to cut back on overhead expenses and other non-production costs are also contributing to optimism among shareholders.</p><p><blockquote>从长远来看，马拉松的资产为其提供了一些成本较高的提供商所不具备的灵活性，即使原油价格回落至每桶50美元，它也有能力以每年10亿美元的速度产生自由现金流。削减管理费用和其他非生产成本的努力也提振了股东的乐观情绪。</blockquote></p><p> <b>Keep an eye on energy</b></p><p><blockquote><b>密切关注能源</b></blockquote></p><p> The energy markets have been volatile over the past decade, with violent swings from boom to bust and back again. In a market dominated by tech names, though, there are opportunities for energy investors to capture some opportunities that many are letting go by unnoticed.</p><p><blockquote>过去十年，能源市场波动剧烈，从繁荣到萧条，然后再回来。然而，在一个由科技公司主导的市场中，能源投资者有机会抓住一些许多人没有注意到的机会。</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>The S&P Is at Record Highs -- and These 2 Stocks Deserve a Lot of Credit<blockquote>标准普尔指数创历史新高——这两只股票值得高度赞扬</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe S&P Is at Record Highs -- and These 2 Stocks Deserve a Lot of Credit<blockquote>标准普尔指数创历史新高——这两只股票值得高度赞扬</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\">2021-12-28 11:56</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Investors were ready to continue their holiday celebrations on Monday, and that showed up in upward movement in major market benchmarks. Indeed, the&nbsp;<b>S&amp;P 500</b>(SNPINDEX:^GSPC)pushed to new record levels, climbing 51 points to 4,776 as of 12:30 p.m. ET on Wall Street.</p><p><blockquote>投资者准备在周一继续庆祝节日，这体现在主要市场基准的上涨上。事实上，<b>标普500</b>(SNPINDEX：^GSPC)截至中午12:30上涨51点至4,776点，创下新纪录水平。美国东部时间在华尔街。</blockquote></p><p> Given the strong performance of the tech sector, it would be natural to assume that tech stocks were primarily responsible for the S&amp;P's gains. Certainly, given the large market capitalizations of some of the top players in technology, gains have had an outsized impact. However, largely unnoticed has been the strong performance of&nbsp;energy stocks. Two companies in particular have topped the leaderboard among S&amp;P 500 stocks, and as you'll see below, they're both energy players.</p><p><blockquote>鉴于科技股的强劲表现，人们很自然地认为科技股是标准普尔指数上涨的主要原因。当然，考虑到一些顶级科技公司的巨大市值，收益产生了巨大的影响。然而，能源股的强劲表现在很大程度上未被注意到。特别是有两家公司在标普500股票排行榜上名列前茅，正如您将在下面看到的，它们都是能源公司。</blockquote></p><p> <b>Devon leads the way</b></p><p><blockquote><b>德文郡领先</b></blockquote></p><p> Shares of&nbsp;<b>Devon Energy</b>(NYSE:DVN)were up another 4% on Monday. The stock remains well off its own all-time highs, but it has been the outright winner among S&amp;P 500 components in 2021, with gains of more than 180% year to date.</p><p><blockquote>本公司之股份<b>德文能源公司</b>（纽约证券交易所股票代码：DVN）周一又上涨4%。该股仍远低于历史高点，但它一直是2021年标普500成分股中的绝对赢家，今年迄今涨幅超过180%。</blockquote></p><p> It's not a huge surprise to see Devon climbing given the recovery in the oil and natural gas markets. Crude oil prices got crushed in 2020, but they've rebounded sharply in 2021, and that's been a big boon to energy producers across the board. For Devon in particular, higher oil prices have also allowed the company to boost its dividend because the energy producer uses a variable dividend formula to determine how much it returns to shareholders each quarter. In the past year alone, that payout has gone from $0.11 per share in the fourth quarter of 2020 to $0.84 per share in its most recent quarter, for a&nbsp;dividend yield approaching 8%.</p><p><blockquote>鉴于石油和天然气市场的复苏，德文郡的攀升并不令人意外。原油价格在2020年受到压低，但在2021年大幅反弹，这对所有能源生产商来说都是一大福音。特别是对于德文郡来说，油价上涨也使该公司能够提高股息，因为这家能源生产商使用可变股息公式来确定每个季度向股东返还多少。仅在过去一年，该派息就从2020年第四季度的每股0.11美元增至最近一个季度的每股0.84美元，股息收益率接近8%。</blockquote></p><p> Devon has also capitalized&nbsp;on smart plays in the merger and acquisition arena, successfully integrating the business it acquired in its merger with WPX Energy. By boosting its scale and allowing for lower costs, the merger allowed Devon to return even more capital to shareholders through stock buybacks.</p><p><blockquote>Devon还利用了并购领域的聪明策略，成功整合了其在与WPX Energy合并中收购的业务。通过扩大规模和降低成本，合并使德文郡能够通过股票回购向股东返还更多资本。</blockquote></p><p> Even after an outstanding performance in 2021, Devon could have further to climb. If oil performs well and the business keeps executing strongly, then Devon's 2021 gains could be just the beginning.</p><p><blockquote>即使在2021年表现出色后，德文郡仍可能进一步攀升。如果石油表现良好并且业务保持强劲执行，那么德文郡2021年的增长可能只是一个开始。</blockquote></p><p> <b>Not a sprint but a Marathon</b></p><p><blockquote><b>不是sprint而是马拉松</b></blockquote></p><p> <b>Marathon Oil</b>(NYSE:MRO)is the other big energy contributor to the S&amp;P 500's success. The stock is up 2% today and almost 140% in 2021, just edging out vaccine maker&nbsp;<b>Moderna</b>(NASDAQ:MRNA)for the No. 2 spot as of this writing.</p><p><blockquote><b>马拉松油</b>（纽约证券交易所股票代码：MRO）是标普500成功的另一个重要能源贡献者。该股今天上涨2%，2021年上涨近140%，刚刚击败疫苗制造商<b>现代</b>（纳斯达克：MRNA）在撰写本文时排名第二。</blockquote></p><p> Marathon has also been a big beneficiary of rising oil prices. With free cash flow growth accelerating, the oil company hopes to use some of its newfound financial resources to pay down debt and reduce its leverage in the future. That in turn could allow for even larger dividends and stock buybacks than what it's currently providing.</p><p><blockquote>马拉松也是油价上涨的一大受益者。随着自由现金流增长加速，该石油公司希望在未来利用部分新发现的财务资源来偿还债务并降低杠杆率。这反过来可能会允许比目前提供的更大的股息和股票回购。</blockquote></p><p> Longer term,Marathon's assets give it some flexibility&nbsp;that higher-cost providers don't have, with the ability to generate free cash flow at a $1 billion per-year rate even if crude oil were to fall back toward $50 per barrel. Efforts to cut back on overhead expenses and other non-production costs are also contributing to optimism among shareholders.</p><p><blockquote>从长远来看，马拉松的资产为其提供了一些成本较高的提供商所不具备的灵活性，即使原油价格回落至每桶50美元，它也有能力以每年10亿美元的速度产生自由现金流。削减管理费用和其他非生产成本的努力也提振了股东的乐观情绪。</blockquote></p><p> <b>Keep an eye on energy</b></p><p><blockquote><b>密切关注能源</b></blockquote></p><p> The energy markets have been volatile over the past decade, with violent swings from boom to bust and back again. In a market dominated by tech names, though, there are opportunities for energy investors to capture some opportunities that many are letting go by unnoticed.</p><p><blockquote>过去十年，能源市场波动剧烈，从繁荣到萧条，然后再回来。然而，在一个由科技公司主导的市场中，能源投资者有机会抓住一些许多人没有注意到的机会。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/12/27/the-sp-is-at-record-highs-and-these-2-stocks-deser/\">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":{"DVN":"德文能源"},"source_url":"https://www.fool.com/investing/2021/12/27/the-sp-is-at-record-highs-and-these-2-stocks-deser/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1103512761","content_text":"Investors were ready to continue their holiday celebrations on Monday, and that showed up in upward movement in major market benchmarks. Indeed, the S&P 500(SNPINDEX:^GSPC)pushed to new record levels, climbing 51 points to 4,776 as of 12:30 p.m. ET on Wall Street.\nGiven the strong performance of the tech sector, it would be natural to assume that tech stocks were primarily responsible for the S&P's gains. Certainly, given the large market capitalizations of some of the top players in technology, gains have had an outsized impact. However, largely unnoticed has been the strong performance of energy stocks. Two companies in particular have topped the leaderboard among S&P 500 stocks, and as you'll see below, they're both energy players.\nDevon leads the way\nShares of Devon Energy(NYSE:DVN)were up another 4% on Monday. The stock remains well off its own all-time highs, but it has been the outright winner among S&P 500 components in 2021, with gains of more than 180% year to date.\nIt's not a huge surprise to see Devon climbing given the recovery in the oil and natural gas markets. Crude oil prices got crushed in 2020, but they've rebounded sharply in 2021, and that's been a big boon to energy producers across the board. For Devon in particular, higher oil prices have also allowed the company to boost its dividend because the energy producer uses a variable dividend formula to determine how much it returns to shareholders each quarter. In the past year alone, that payout has gone from $0.11 per share in the fourth quarter of 2020 to $0.84 per share in its most recent quarter, for a dividend yield approaching 8%.\nDevon has also capitalized on smart plays in the merger and acquisition arena, successfully integrating the business it acquired in its merger with WPX Energy. By boosting its scale and allowing for lower costs, the merger allowed Devon to return even more capital to shareholders through stock buybacks.\nEven after an outstanding performance in 2021, Devon could have further to climb. If oil performs well and the business keeps executing strongly, then Devon's 2021 gains could be just the beginning.\nNot a sprint but a Marathon\nMarathon Oil(NYSE:MRO)is the other big energy contributor to the S&P 500's success. The stock is up 2% today and almost 140% in 2021, just edging out vaccine maker Moderna(NASDAQ:MRNA)for the No. 2 spot as of this writing.\nMarathon has also been a big beneficiary of rising oil prices. With free cash flow growth accelerating, the oil company hopes to use some of its newfound financial resources to pay down debt and reduce its leverage in the future. That in turn could allow for even larger dividends and stock buybacks than what it's currently providing.\nLonger term,Marathon's assets give it some flexibility that higher-cost providers don't have, with the ability to generate free cash flow at a $1 billion per-year rate even if crude oil were to fall back toward $50 per barrel. Efforts to cut back on overhead expenses and other non-production costs are also contributing to optimism among shareholders.\nKeep an eye on energy\nThe energy markets have been volatile over the past decade, with violent swings from boom to bust and back again. In a market dominated by tech names, though, there are opportunities for energy investors to capture some opportunities that many are letting go by unnoticed.","news_type":1,"symbols_score_info":{"MRO":0.9,"DVN":0.9}},"isVote":1,"tweetType":1,"viewCount":2979,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":696859873,"gmtCreate":1640667980530,"gmtModify":1640668276447,"author":{"id":"3581678664547146","authorId":"3581678664547146","name":"nelson21","avatar":"https://static.tigerbbs.com/f3bfb16048c75dbf023d98c18914333e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581678664547146","idStr":"3581678664547146"},"themes":[],"htmlText":"Pls like","listText":"Pls like","text":"Pls like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/696859873","repostId":"1137683837","repostType":4,"isVote":1,"tweetType":1,"viewCount":2268,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":696859116,"gmtCreate":1640667970203,"gmtModify":1640668276086,"author":{"id":"3581678664547146","authorId":"3581678664547146","name":"nelson21","avatar":"https://static.tigerbbs.com/f3bfb16048c75dbf023d98c18914333e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581678664547146","idStr":"3581678664547146"},"themes":[],"htmlText":"Pls like","listText":"Pls like","text":"Pls like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/696859116","repostId":"2194862824","repostType":4,"isVote":1,"tweetType":1,"viewCount":3777,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":696859927,"gmtCreate":1640667957979,"gmtModify":1640667958371,"author":{"id":"3581678664547146","authorId":"3581678664547146","name":"nelson21","avatar":"https://static.tigerbbs.com/f3bfb16048c75dbf023d98c18914333e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581678664547146","idStr":"3581678664547146"},"themes":[],"htmlText":"Pls like","listText":"Pls like","text":"Pls like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/696859927","repostId":"1127544468","repostType":4,"isVote":1,"tweetType":1,"viewCount":3264,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":696933068,"gmtCreate":1640593279684,"gmtModify":1640593280086,"author":{"id":"3581678664547146","authorId":"3581678664547146","name":"nelson21","avatar":"https://static.tigerbbs.com/f3bfb16048c75dbf023d98c18914333e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581678664547146","idStr":"3581678664547146"},"themes":[],"htmlText":"Pls like","listText":"Pls like","text":"Pls like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/696933068","repostId":"2194913177","repostType":4,"isVote":1,"tweetType":1,"viewCount":3044,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":696939422,"gmtCreate":1640593263368,"gmtModify":1640593263808,"author":{"id":"3581678664547146","authorId":"3581678664547146","name":"nelson21","avatar":"https://static.tigerbbs.com/f3bfb16048c75dbf023d98c18914333e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581678664547146","idStr":"3581678664547146"},"themes":[],"htmlText":"Pls like","listText":"Pls like","text":"Pls like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/696939422","repostId":"1198447899","repostType":4,"isVote":1,"tweetType":1,"viewCount":3043,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":696939526,"gmtCreate":1640593246771,"gmtModify":1640593247159,"author":{"id":"3581678664547146","authorId":"3581678664547146","name":"nelson21","avatar":"https://static.tigerbbs.com/f3bfb16048c75dbf023d98c18914333e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581678664547146","idStr":"3581678664547146"},"themes":[],"htmlText":"Pls like","listText":"Pls like","text":"Pls like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/696939526","repostId":"1119282541","repostType":4,"repost":{"id":"1119282541","kind":"news","pubTimestamp":1640592014,"share":"https://www.laohu8.com/m/news/1119282541?lang=zh_CN&edition=full","pubTime":"2021-12-27 16:00","market":"us","language":"en","title":"Cloudflare Stock: Momentum Spike Has Fizzled Out - Now Back Within Buy Zone<blockquote>Cloudflare股票：势头飙升已经消退——现在回到买入区域</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1119282541","media":"Seeking Alpha","summary":"Summary\n\nCloudflare is one of our highest conviction companies.\nCloudflare stock's momentum spike ha","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Cloudflare is one of our highest conviction companies.</li>  <li>Cloudflare stock's momentum spike has fizzled out, and it has dropped nicely into our buy zone.</li>  <li>We discuss why we think long-term investors can consider adding now.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9fc5ef750ea3016ea632581c55ad066d\" tg-width=\"1536\" tg-height=\"1022\" width=\"100%\" height=\"auto\"><span>Steve Jennings/Getty Images Entertainment</span></p><p><blockquote><ul><li>Cloudflare是我们最有信心的公司之一。</li><li>Cloudflare股票的势头已经消退，它已经很好地落入我们的买入区域。</li><li>我们讨论为什么我们认为长期投资者现在可以考虑增加。</li></ul><p class=\"t-img-caption\"><span>史蒂夫·詹宁斯/盖蒂图片社</span></p></blockquote></p><p> <b>Investment Thesis</b></p><p><blockquote><b>投资论文</b></blockquote></p><p> Cloudflare, Inc.(NYSE:NET)&nbsp;is another of our highest conviction tech companies whose stock recently dropped back into our buy zone. Investors who need an introduction can&nbsp;refer to one of our previous articles. We had also discussed its thesis just before its FQ3 report card was released. We cautioned investors not to follow the momentum spike heading into its earnings&nbsp;with our Neutral call&nbsp;back then. The stock has fallen more than 28% since our article was published. Notably, a robust FQ3 performance also led to us revising our estimates upwards.</p><p><blockquote>Cloudflare，Inc.（纽约证券交易所代码：NET）是我们最有信心的另一家科技公司，其股票最近回落至我们的买入区域。需要介绍的投资者可以参考我们之前的一篇文章。就在第三季度成绩单发布之前，我们还讨论了它的论文。我们当时警告投资者不要跟随其盈利势头飙升，采取中性看涨期权。自我们的文章发表以来，该股已下跌超过28%。值得注意的是，第三季度的强劲表现也导致我们上调了预期。</blockquote></p><p> We also observed that its momentum spike that we cautioned earlier seems to have fizzled out. Therefore, we believe the entry point might be less risky now for investors who have been waiting to add exposure. Consequently, we think it's apt to update why we believe it's back within our buy zone.</p><p><blockquote>我们还观察到，我们之前警告的动量峰值似乎已经消失。因此，我们认为，对于一直在等待增加风险敞口的投资者来说，现在的切入点风险可能较小。因此，我们认为很容易更新为什么我们认为它回到了我们的买入区域。</blockquote></p><p> <b>Cloudflare Stock YTD Performance</b></p><p><blockquote><b>Cloudflare股票年初至今表现</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7d77d264c8185ed4c2ba14ed0d4ee1c5\" tg-width=\"640\" tg-height=\"331\" width=\"100%\" height=\"auto\"><span>NET stock YTD performance (as of 23 December '21).</span></p><p><blockquote><p class=\"t-img-caption\"><span>年初至今净股票表现（截至21年12月23日）。</span></p></blockquote></p><p> NET stock has had a spectacular year so far. When its upward momentum spiked in November, its YTD returns reached 180%. However, the recent retracement in growth stocks has also lowered its price to more reasonable levels. Consequently, its YTD gains have also compressed dramatically, down to 80.6%. Nonetheless, it's still well ahead of the broad market, making it a fantastic year for NET investors.</p><p><blockquote>到目前为止，NET stock度过了辉煌的一年。当其上涨势头在11月份飙升时，其年初至今的回报率达到了180%。然而，近期成长股的回撤也将其价格降至更合理的水平。因此，其年初至今的涨幅也大幅压缩，降至80.6%。尽管如此，它仍然远远领先于大盘，这对于净投资者来说是美妙的一年。</blockquote></p><p> <b>Why is Cloudflare One of Our Highest Conviction Companies?</b></p><p><blockquote><b>为什么Cloudflare是我们最有信心的公司之一？</b></blockquote></p><p> Keen investors should be aware that the company has often telegraphed that it's a networking company. Its software-defined architecture is capable of supporting both on-premise and cloud workloads. It's also capable of delivering solutions for both hybrid and multi-cloud environments. Therefore, the company operates a highly scalable business model. Its capability has also allowed it to compete effectively across multiple spectrums against legacy on-premise and cloud-native peers.</p><p><blockquote>敏锐的投资者应该知道，该公司经常表示它是一家网络公司。其软件定义的架构能够支持内部和云工作负载。它还能够为混合和多云环境提供解决方案。因此，该公司运营着高度可扩展的商业模式。其能力还使其能够在多个领域与传统的本地和云原生同行有效竞争。</blockquote></p><p> NET may have started serving the long-tail small-and-medium businesses (SMB). However, it has gained significant traction in the enterprise space as it penetrates with remarkable effectiveness. Therefore, it has also allowed Cloudflare to scale its TAM from $32B in 2018 to $100B by 2024. Consensus estimates point to revenue of just $646.8M for FY21 (Cloudflare guided for $647.5M at the midpoint). Therefore, we believe that the company is undoubtedly still in the early innings of its rapidly-expanding market opportunities.</p><p><blockquote>NET可能已经开始为长尾中小企业（SMB）提供服务。然而，随着它以显著的效率渗透，它在企业领域获得了巨大的牵引力。因此，它还允许Cloudflare将其TAM从2018年的320亿美元扩大到2024年的1000亿美元。市场普遍预测2021财年的收入仅为6.468亿美元（Cloudflare的中值指导为6.475亿美元）。因此，我们认为，该公司无疑仍处于快速扩张市场机会的早期阶段。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/eb7cddd302c8b3166c4bbb9c4f6ce858\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"><span>Cloudflare paying customers. Data source: Company filings</span></p><p><blockquote><p class=\"t-img-caption\"><span>Cloudflare付费客户。数据来源：公司备案</span></p></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/571e5f97779f0b582bf7c05534eadbb1\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"><span>Cloudflare enterprise customers. Data source: Company filings</span></p><p><blockquote><p class=\"t-img-caption\"><span>Cloudflare企业客户。数据来源：公司备案</span></p></blockquote></p><p> Cloudflare has scaled so quickly that it has nearly 4M customers globally. In addition, 132K are paying, which grew at a CAGR of 29.3% over the last three years. Notably, it has also gained significant traction in its enterprise base. Its enterprise customers increased to 1,260 in FQ3'21, representing a phenomenal CAGR of 69% over the previous three years. Moreover, Cloudflare emphasized that \"nearly 20% of all websites&nbsp;use Cloudflare today.\"</p><p><blockquote>Cloudflare的扩展速度如此之快，以至于在全球拥有近400万客户。此外，有13.2万人正在付费，过去三年复合年增长率为29.3%。值得注意的是，它在企业基础上也获得了巨大的吸引力。其企业客户在21年第三季度增加到1,260家，过去三年的复合年增长率高达69%。而且，Cloudflare强调，“如今所有网站中有近20%使用Cloudflare。”</blockquote></p><p> So, what makes Cloudflare's business model so scalable? First of all, investors need to understand that the company designed a complete technology stack that's highly efficient to scale. CFO Thomas Seifert articulated (edited):</p><p><blockquote>那么，是什么让Cloudflare的商业模式如此可扩展呢？首先，投资者需要了解该公司设计了一个可高效扩展的完整技术堆栈。首席财务官托马斯·塞弗特(Thomas Seifert)表示（编辑）：</blockquote></p><p></p><p>   The network certainly is the competitive moat we have. The bigger we get in terms of data that moves through the network, the larger the product and service offering that runs on this network, and the faster those flywheels turn. It starts with the hardware stack. It's an off-the-shelf hardware stack. That's why our CapEx efficiency is so incredibly good. And on this hardware stack, we run a completely integrated homogeneous software stack. So this allows us literally to offer every product we have and every service we offer on every server in every city and every location. (5th Annual Virtual Wells Fargo TMT Summit)  It's such a critical competitive moat that Cloudflare believes its competitors cannot match even if they try to invest. The company's points-of-presence (POP) has expanded to more than 250 cities. As a result, it has gained tremendous clout and influence with the local internet service providers (ISP). Notably, these ISPs depend on Cloudflare to help them optimize their costs. They leverage Cloudflare's superior reliability, latency, and cost-effectiveness of its massive network.</p><p><blockquote>网络无疑是我们拥有的竞争护城河。我们在网络中移动的数据越多，在这个网络上运行的产品和服务就越大，这些飞轮转动得越快。它从硬件堆栈开始。这是一个现成的硬件堆栈。这就是为什么我们的资本支出效率如此之好。并且在这个硬件堆栈上，我们运行一个完全集成的同构软件堆栈。因此，这使我们能够在每个城市和每个地点的每台服务器上提供我们拥有的每一种产品和每一项服务。（第五届年度虚拟富国银行TMT峰会）这是一条至关重要的竞争护城河，Cloudflare认为其竞争对手即使试图投资也无法匹敌。该公司的接入点(POP)已扩展到250多个城市。因此，它在当地互联网服务提供商（ISP）中获得了巨大的影响力。值得注意的是，这些ISP依赖Cloudflare来帮助他们优化成本。他们利用Cloudflare庞大网络的卓越可靠性、延迟和成本效益。</blockquote></p><p> Consequently, it has allowed Cloudflare to co-locate its hardware in these ISPs' data centers. In addition, it helps the company to significantly \"drive down its bandwidth and co-location expenses.\" Cloudflare emphasized: \"This symbiotic relationship&nbsp;that we have with ISPs and the efficiency of our serverless network architecture allows us to introduce new products on our network at low marginal cost.\"</p><p><blockquote>因此，它允许Cloudflare将其硬件放在这些ISP的数据中心。此外，它还帮助该公司显着“降低带宽和托管费用”。Cloudflare强调：“我们与ISP的这种共生关系以及我们的无服务器网络架构的效率使我们能够以较低的边际成本在我们的网络上推出新产品。”</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f39da1f0d583ef247df4df47a02a9bbb\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"><span>Gross margins comps (LTM). Data source: S&amp;P Capital IQ</span></p><p><blockquote><p class=\"t-img-caption\"><span>毛利率比较（LTM）。数据来源：标普资本智商</span></p></blockquote></p><p> Cloudflare and the CDN leaders Fastly(NYSE:FSLY), and Akamai(NASDAQ:AKAM)(Cloudflare has maintained that it's not a pure-play CDN) recognize network, bandwidth, and co-location costs in their cost of revenue. Readers can quickly glean how its competitive moat has afforded superior gross margins over time. Accordingly, Cloudflare is confident that its competitors cannot easily replicate its advantages by increasing CapEx intensity. Cloudflare emphasized (edited):</p><p><blockquote>Cloudflare和CDN领导者Fastly（纽约证券交易所股票代码：FSLY）和Akamai（纳斯达克股票代码：AKAM）（Cloudflare坚称它不是纯粹的CDN）在其收入成本中承认网络、带宽和托管成本。读者可以快速了解其竞争护城河如何随着时间的推移提供卓越的毛利率。因此，Cloudflare相信其竞争对手无法通过增加资本支出强度轻松复制其优势。Cloudflare强调（已编辑）：</blockquote></p><p>   <i>This build-out is not a function of CapEx</i>. So you cannot just replicate that by saying, here is $1 billion, let's be in 250 cities. What makes that network so efficient is that it's the most interconnected network on the planet, with thousands of interconnections to other networks. And this is hard to compete with and replicate because dollars and CapEx are just not going to get you into those interconnects. So, it allows us to continue powering more and more of the infrastructure for the people who are actually accessing the web. And that scalability comes from the technical infrastructure and the way that we have been able to have a very symbiotic relationship with the other network providers around the world in order to connect everywhere. (Wells Fargo TMT and RBC Conference)  <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f52c039f93892b0942acf170ab0cb93e\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"><span>Cloudflare SG&amp;A and R&amp;D margins. Data source: S&amp;P Capital IQ</span></p><p><blockquote><i>这种扩建不是资本支出的函数</i>.所以你不能简单地说，这是10亿美元，让我们在250个城市。该网络之所以如此高效，是因为它是地球上互连性最强的网络，与其他网络有数千个互连。这很难与之竞争和复制，因为资金和资本支出无法让您进入这些互连。因此，它使我们能够继续为真正访问网络的人提供越来越多的基础设施。这种可扩展性来自技术基础设施以及我们能够与世界各地的其他网络提供商建立非常共生关系的方式，以便在任何地方进行连接。（富国TMT和RBC会议）<p class=\"t-img-caption\"><span>Cloudflare SG&amp;A和研发利润率。数据来源：标普资本智商</span></p></blockquote></p><p> Hence, we believe that Cloudflare's strong gross margins give it tremendous flexibility to invest. Readers can observe that its R&amp;D margins accounted for 30.2% of its revenue over the last twelve months (LTM). We believe that such a strong commitment to innovation will keep Cloudflare at the fore of its leadership. While Fastly's LTM R&amp;D margin was higher at 35.3%, the company couldn't match Cloudflare's highly competitive gross margin advantage. Akamai's LTM R&amp;D margin came in at just 13.9%, as the company is focusing more on leveraging profits than growth.</p><p><blockquote>因此，我们认为Cloudflare强劲的毛利率为其投资提供了巨大的灵活性。读者可以观察到，其研发利润率占过去12个月收入的30.2%（LTM）。我们相信，这种对创新的坚定承诺将使Cloudflare保持领先地位。虽然Fastly的LTM研发利润率较高，为35.3%，但该公司无法与Cloudflare极具竞争力的毛利率优势相媲美。Akamai的LTM研发利润率仅为13.9%，因为该公司更注重利用利润而不是增长。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8523463296f548f472ba8d2252e272c4\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"><span>Cloudflare revenue YoY change, and GAAP EBITDA margins. Data source: S&amp;P Capital IQ</span></p><p><blockquote><p class=\"t-img-caption\"><span>Cloudflare收入同比变化和GAAP EBITDA利润率。数据来源：标普资本智商</span></p></blockquote></p><p> As such, Cloudflare's exceptional business model has allowed it highly consistent topline growth over the last two years. Notably, it has also been improving its operational efficiencies as it scales. As a result, on a GAAP basis, its EBITDA margin has improved to -8.5% in FQ3'21, compared to -47.5% two years ago.</p><p><blockquote>因此，Cloudflare卓越的商业模式使其在过去两年中实现了高度一致的营收增长。值得注意的是，随着规模的扩大，它也在提高运营效率。因此，按照GAAP计算，其EBITDA利润率在21年第三季度提高至-8.5%，而两年前为-47.5%。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/03d98ef1d4addcabcbc0b865cb981606\" tg-width=\"640\" tg-height=\"395\" width=\"100%\" height=\"auto\"><span>Cloudflare revenue and adjusted EBITDA margins mean consensus estimates. Data source: S&amp;P Capital IQ</span></p><p><blockquote><p class=\"t-img-caption\"><span>Cloudflare收入和调整后EBITDA利润率意味着共识估计。数据来源：标普资本智商</span></p></blockquote></p><p></p><p> Consensus estimates also pointed to robust topline expansion over the next three years. Cloudflare's revenue is estimated to increase at a CAGR of 40% from FY20-23. Moreover, its adjusted EBITDA is expected to grow even faster. Cloudflare is projected to post an adjusted EBITDA margin of 11.6% by FY23, compared to just 3.6% in FY20. Hence, Cloudflare is still in the early stages of its massive growth.</p><p><blockquote>共识估计还表明，未来三年营收将强劲扩张。预计从20-23财年开始，Cloudflare的收入将以40%的复合年增长率增长。此外，其调整后的EBITDA预计将增长更快。2023财年预计Cloudflare调整后EBITDA利润率为11.6%，而2020财年仅为3.6%。因此，Cloudflare仍处于大规模增长的早期阶段。</blockquote></p><p> <b>So, is NET Stock a Buy Now?</b></p><p><blockquote><b>那么，NET股票现在值得买入吗？</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cd5cf860d8b13e68290ca0adbe54eafa\" tg-width=\"640\" tg-height=\"384\" width=\"100%\" height=\"auto\"><span>NET stock EV/NTM Revenue 2Y mean.</span></p><p><blockquote><p class=\"t-img-caption\"><span>净股票EV/NTM收入2年平均值。</span></p></blockquote></p><p> We know that stocks like Cloudflare's would never be cheap. They will likely continue to trade at a premium valuation, given its moat and excellent execution. CEO Matthew Prince and his two other co-founders (COO and CTO, respectively) continue to play an integral role in shaping Cloudflare's future developments. NET stock is trading at an EV/NTM Revenue of 52.7x, markedly above its 2Y mean of 34.5x. Typically, we wouldn't even consider stocks with such a high premium. However, NET stock isn't just another stock. Investors should also consider that the company will gain significant operating leverage moving forward. Therefore, we think a DCF valuation model might provide more clarity within reasonable assumptions.</p><p><blockquote>我们知道像Cloudflare这样的股票永远不会便宜。鉴于其护城河和出色的执行力，它们可能会继续以溢价估值进行交易。首席执行官Matthew Prince和他的另外两位联合创始人（分别为首席运营官和首席技术官）继续在塑造Cloudflare的未来发展中发挥不可或缺的作用。净股票的EV/NTM收入为52.7倍，明显高于34.5倍的2年平均水平。通常情况下，我们甚至不会考虑溢价如此高的股票。然而，净股票不仅仅是另一只股票。投资者还应考虑到，该公司未来将获得显着的运营杠杆。因此，我们认为DCF估值模型可能会在合理的假设范围内提供更多清晰度。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/44aa88643408f3ce0ad33a44efb7f7bc\" tg-width=\"901\" tg-height=\"595\" width=\"100%\" height=\"auto\"><span>NET stock DCF valuation model. Data source: S&amp;P Capital IQ, company filings, author</span></p><p><blockquote><p class=\"t-img-caption\"><span>净股票DCF估值模型。数据来源：S&amp;P Capital IQ，公司文件，作者</span></p></blockquote></p><p> Therefore, we believe that the stock has now dropped back into our buy zone. Moreover, it seems to be supported along its 50-week moving average support level, which has been reliable since last year.</p><p><blockquote>因此，我们认为该股现已回落至我们的买入区域。此外，它似乎受到50周移动平均线支撑位的支撑，该支撑位自去年以来一直可靠。</blockquote></p><p> As such,<i>we revise our rating on NET stock to Buy</i>.</p><p><blockquote>因此，<i>我们将净股票评级修改为买入</i>.</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cloudflare Stock: Momentum Spike Has Fizzled Out - Now Back Within Buy Zone<blockquote>Cloudflare股票：势头飙升已经消退——现在回到买入区域</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\">\nCloudflare Stock: Momentum Spike Has Fizzled Out - Now Back Within Buy Zone<blockquote>Cloudflare股票：势头飙升已经消退——现在回到买入区域</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Seeking Alpha</strong><span class=\"h-time small\">2021-12-27 16:00</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>Cloudflare is one of our highest conviction companies.</li>  <li>Cloudflare stock's momentum spike has fizzled out, and it has dropped nicely into our buy zone.</li>  <li>We discuss why we think long-term investors can consider adding now.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9fc5ef750ea3016ea632581c55ad066d\" tg-width=\"1536\" tg-height=\"1022\" width=\"100%\" height=\"auto\"><span>Steve Jennings/Getty Images Entertainment</span></p><p><blockquote><ul><li>Cloudflare是我们最有信心的公司之一。</li><li>Cloudflare股票的势头已经消退，它已经很好地落入我们的买入区域。</li><li>我们讨论为什么我们认为长期投资者现在可以考虑增加。</li></ul><p class=\"t-img-caption\"><span>史蒂夫·詹宁斯/盖蒂图片社</span></p></blockquote></p><p> <b>Investment Thesis</b></p><p><blockquote><b>投资论文</b></blockquote></p><p> Cloudflare, Inc.(NYSE:NET)&nbsp;is another of our highest conviction tech companies whose stock recently dropped back into our buy zone. Investors who need an introduction can&nbsp;refer to one of our previous articles. We had also discussed its thesis just before its FQ3 report card was released. We cautioned investors not to follow the momentum spike heading into its earnings&nbsp;with our Neutral call&nbsp;back then. The stock has fallen more than 28% since our article was published. Notably, a robust FQ3 performance also led to us revising our estimates upwards.</p><p><blockquote>Cloudflare，Inc.（纽约证券交易所代码：NET）是我们最有信心的另一家科技公司，其股票最近回落至我们的买入区域。需要介绍的投资者可以参考我们之前的一篇文章。就在第三季度成绩单发布之前，我们还讨论了它的论文。我们当时警告投资者不要跟随其盈利势头飙升，采取中性看涨期权。自我们的文章发表以来，该股已下跌超过28%。值得注意的是，第三季度的强劲表现也导致我们上调了预期。</blockquote></p><p> We also observed that its momentum spike that we cautioned earlier seems to have fizzled out. Therefore, we believe the entry point might be less risky now for investors who have been waiting to add exposure. Consequently, we think it's apt to update why we believe it's back within our buy zone.</p><p><blockquote>我们还观察到，我们之前警告的动量峰值似乎已经消失。因此，我们认为，对于一直在等待增加风险敞口的投资者来说，现在的切入点风险可能较小。因此，我们认为很容易更新为什么我们认为它回到了我们的买入区域。</blockquote></p><p> <b>Cloudflare Stock YTD Performance</b></p><p><blockquote><b>Cloudflare股票年初至今表现</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7d77d264c8185ed4c2ba14ed0d4ee1c5\" tg-width=\"640\" tg-height=\"331\" width=\"100%\" height=\"auto\"><span>NET stock YTD performance (as of 23 December '21).</span></p><p><blockquote><p class=\"t-img-caption\"><span>年初至今净股票表现（截至21年12月23日）。</span></p></blockquote></p><p> NET stock has had a spectacular year so far. When its upward momentum spiked in November, its YTD returns reached 180%. However, the recent retracement in growth stocks has also lowered its price to more reasonable levels. Consequently, its YTD gains have also compressed dramatically, down to 80.6%. Nonetheless, it's still well ahead of the broad market, making it a fantastic year for NET investors.</p><p><blockquote>到目前为止，NET stock度过了辉煌的一年。当其上涨势头在11月份飙升时，其年初至今的回报率达到了180%。然而，近期成长股的回撤也将其价格降至更合理的水平。因此，其年初至今的涨幅也大幅压缩，降至80.6%。尽管如此，它仍然远远领先于大盘，这对于净投资者来说是美妙的一年。</blockquote></p><p> <b>Why is Cloudflare One of Our Highest Conviction Companies?</b></p><p><blockquote><b>为什么Cloudflare是我们最有信心的公司之一？</b></blockquote></p><p> Keen investors should be aware that the company has often telegraphed that it's a networking company. Its software-defined architecture is capable of supporting both on-premise and cloud workloads. It's also capable of delivering solutions for both hybrid and multi-cloud environments. Therefore, the company operates a highly scalable business model. Its capability has also allowed it to compete effectively across multiple spectrums against legacy on-premise and cloud-native peers.</p><p><blockquote>敏锐的投资者应该知道，该公司经常表示它是一家网络公司。其软件定义的架构能够支持内部和云工作负载。它还能够为混合和多云环境提供解决方案。因此，该公司运营着高度可扩展的商业模式。其能力还使其能够在多个领域与传统的本地和云原生同行有效竞争。</blockquote></p><p> NET may have started serving the long-tail small-and-medium businesses (SMB). However, it has gained significant traction in the enterprise space as it penetrates with remarkable effectiveness. Therefore, it has also allowed Cloudflare to scale its TAM from $32B in 2018 to $100B by 2024. Consensus estimates point to revenue of just $646.8M for FY21 (Cloudflare guided for $647.5M at the midpoint). Therefore, we believe that the company is undoubtedly still in the early innings of its rapidly-expanding market opportunities.</p><p><blockquote>NET可能已经开始为长尾中小企业（SMB）提供服务。然而，随着它以显著的效率渗透，它在企业领域获得了巨大的牵引力。因此，它还允许Cloudflare将其TAM从2018年的320亿美元扩大到2024年的1000亿美元。市场普遍预测2021财年的收入仅为6.468亿美元（Cloudflare的中值指导为6.475亿美元）。因此，我们认为，该公司无疑仍处于快速扩张市场机会的早期阶段。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/eb7cddd302c8b3166c4bbb9c4f6ce858\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"><span>Cloudflare paying customers. Data source: Company filings</span></p><p><blockquote><p class=\"t-img-caption\"><span>Cloudflare付费客户。数据来源：公司备案</span></p></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/571e5f97779f0b582bf7c05534eadbb1\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"><span>Cloudflare enterprise customers. Data source: Company filings</span></p><p><blockquote><p class=\"t-img-caption\"><span>Cloudflare企业客户。数据来源：公司备案</span></p></blockquote></p><p> Cloudflare has scaled so quickly that it has nearly 4M customers globally. In addition, 132K are paying, which grew at a CAGR of 29.3% over the last three years. Notably, it has also gained significant traction in its enterprise base. Its enterprise customers increased to 1,260 in FQ3'21, representing a phenomenal CAGR of 69% over the previous three years. Moreover, Cloudflare emphasized that \"nearly 20% of all websites&nbsp;use Cloudflare today.\"</p><p><blockquote>Cloudflare的扩展速度如此之快，以至于在全球拥有近400万客户。此外，有13.2万人正在付费，过去三年复合年增长率为29.3%。值得注意的是，它在企业基础上也获得了巨大的吸引力。其企业客户在21年第三季度增加到1,260家，过去三年的复合年增长率高达69%。而且，Cloudflare强调，“如今所有网站中有近20%使用Cloudflare。”</blockquote></p><p> So, what makes Cloudflare's business model so scalable? First of all, investors need to understand that the company designed a complete technology stack that's highly efficient to scale. CFO Thomas Seifert articulated (edited):</p><p><blockquote>那么，是什么让Cloudflare的商业模式如此可扩展呢？首先，投资者需要了解该公司设计了一个可高效扩展的完整技术堆栈。首席财务官托马斯·塞弗特(Thomas Seifert)表示（编辑）：</blockquote></p><p></p><p>   The network certainly is the competitive moat we have. The bigger we get in terms of data that moves through the network, the larger the product and service offering that runs on this network, and the faster those flywheels turn. It starts with the hardware stack. It's an off-the-shelf hardware stack. That's why our CapEx efficiency is so incredibly good. And on this hardware stack, we run a completely integrated homogeneous software stack. So this allows us literally to offer every product we have and every service we offer on every server in every city and every location. (5th Annual Virtual Wells Fargo TMT Summit)  It's such a critical competitive moat that Cloudflare believes its competitors cannot match even if they try to invest. The company's points-of-presence (POP) has expanded to more than 250 cities. As a result, it has gained tremendous clout and influence with the local internet service providers (ISP). Notably, these ISPs depend on Cloudflare to help them optimize their costs. They leverage Cloudflare's superior reliability, latency, and cost-effectiveness of its massive network.</p><p><blockquote>网络无疑是我们拥有的竞争护城河。我们在网络中移动的数据越多，在这个网络上运行的产品和服务就越大，这些飞轮转动得越快。它从硬件堆栈开始。这是一个现成的硬件堆栈。这就是为什么我们的资本支出效率如此之好。并且在这个硬件堆栈上，我们运行一个完全集成的同构软件堆栈。因此，这使我们能够在每个城市和每个地点的每台服务器上提供我们拥有的每一种产品和每一项服务。（第五届年度虚拟富国银行TMT峰会）这是一条至关重要的竞争护城河，Cloudflare认为其竞争对手即使试图投资也无法匹敌。该公司的接入点(POP)已扩展到250多个城市。因此，它在当地互联网服务提供商（ISP）中获得了巨大的影响力。值得注意的是，这些ISP依赖Cloudflare来帮助他们优化成本。他们利用Cloudflare庞大网络的卓越可靠性、延迟和成本效益。</blockquote></p><p> Consequently, it has allowed Cloudflare to co-locate its hardware in these ISPs' data centers. In addition, it helps the company to significantly \"drive down its bandwidth and co-location expenses.\" Cloudflare emphasized: \"This symbiotic relationship&nbsp;that we have with ISPs and the efficiency of our serverless network architecture allows us to introduce new products on our network at low marginal cost.\"</p><p><blockquote>因此，它允许Cloudflare将其硬件放在这些ISP的数据中心。此外，它还帮助该公司显着“降低带宽和托管费用”。Cloudflare强调：“我们与ISP的这种共生关系以及我们的无服务器网络架构的效率使我们能够以较低的边际成本在我们的网络上推出新产品。”</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f39da1f0d583ef247df4df47a02a9bbb\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"><span>Gross margins comps (LTM). Data source: S&amp;P Capital IQ</span></p><p><blockquote><p class=\"t-img-caption\"><span>毛利率比较（LTM）。数据来源：标普资本智商</span></p></blockquote></p><p> Cloudflare and the CDN leaders Fastly(NYSE:FSLY), and Akamai(NASDAQ:AKAM)(Cloudflare has maintained that it's not a pure-play CDN) recognize network, bandwidth, and co-location costs in their cost of revenue. Readers can quickly glean how its competitive moat has afforded superior gross margins over time. Accordingly, Cloudflare is confident that its competitors cannot easily replicate its advantages by increasing CapEx intensity. Cloudflare emphasized (edited):</p><p><blockquote>Cloudflare和CDN领导者Fastly（纽约证券交易所股票代码：FSLY）和Akamai（纳斯达克股票代码：AKAM）（Cloudflare坚称它不是纯粹的CDN）在其收入成本中承认网络、带宽和托管成本。读者可以快速了解其竞争护城河如何随着时间的推移提供卓越的毛利率。因此，Cloudflare相信其竞争对手无法通过增加资本支出强度轻松复制其优势。Cloudflare强调（已编辑）：</blockquote></p><p>   <i>This build-out is not a function of CapEx</i>. So you cannot just replicate that by saying, here is $1 billion, let's be in 250 cities. What makes that network so efficient is that it's the most interconnected network on the planet, with thousands of interconnections to other networks. And this is hard to compete with and replicate because dollars and CapEx are just not going to get you into those interconnects. So, it allows us to continue powering more and more of the infrastructure for the people who are actually accessing the web. And that scalability comes from the technical infrastructure and the way that we have been able to have a very symbiotic relationship with the other network providers around the world in order to connect everywhere. (Wells Fargo TMT and RBC Conference)  <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f52c039f93892b0942acf170ab0cb93e\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"><span>Cloudflare SG&amp;A and R&amp;D margins. Data source: S&amp;P Capital IQ</span></p><p><blockquote><i>这种扩建不是资本支出的函数</i>.所以你不能简单地说，这是10亿美元，让我们在250个城市。该网络之所以如此高效，是因为它是地球上互连性最强的网络，与其他网络有数千个互连。这很难与之竞争和复制，因为资金和资本支出无法让您进入这些互连。因此，它使我们能够继续为真正访问网络的人提供越来越多的基础设施。这种可扩展性来自技术基础设施以及我们能够与世界各地的其他网络提供商建立非常共生关系的方式，以便在任何地方进行连接。（富国TMT和RBC会议）<p class=\"t-img-caption\"><span>Cloudflare SG&amp;A和研发利润率。数据来源：标普资本智商</span></p></blockquote></p><p> Hence, we believe that Cloudflare's strong gross margins give it tremendous flexibility to invest. Readers can observe that its R&amp;D margins accounted for 30.2% of its revenue over the last twelve months (LTM). We believe that such a strong commitment to innovation will keep Cloudflare at the fore of its leadership. While Fastly's LTM R&amp;D margin was higher at 35.3%, the company couldn't match Cloudflare's highly competitive gross margin advantage. Akamai's LTM R&amp;D margin came in at just 13.9%, as the company is focusing more on leveraging profits than growth.</p><p><blockquote>因此，我们认为Cloudflare强劲的毛利率为其投资提供了巨大的灵活性。读者可以观察到，其研发利润率占过去12个月收入的30.2%（LTM）。我们相信，这种对创新的坚定承诺将使Cloudflare保持领先地位。虽然Fastly的LTM研发利润率较高，为35.3%，但该公司无法与Cloudflare极具竞争力的毛利率优势相媲美。Akamai的LTM研发利润率仅为13.9%，因为该公司更注重利用利润而不是增长。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8523463296f548f472ba8d2252e272c4\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"><span>Cloudflare revenue YoY change, and GAAP EBITDA margins. Data source: S&amp;P Capital IQ</span></p><p><blockquote><p class=\"t-img-caption\"><span>Cloudflare收入同比变化和GAAP EBITDA利润率。数据来源：标普资本智商</span></p></blockquote></p><p> As such, Cloudflare's exceptional business model has allowed it highly consistent topline growth over the last two years. Notably, it has also been improving its operational efficiencies as it scales. As a result, on a GAAP basis, its EBITDA margin has improved to -8.5% in FQ3'21, compared to -47.5% two years ago.</p><p><blockquote>因此，Cloudflare卓越的商业模式使其在过去两年中实现了高度一致的营收增长。值得注意的是，随着规模的扩大，它也在提高运营效率。因此，按照GAAP计算，其EBITDA利润率在21年第三季度提高至-8.5%，而两年前为-47.5%。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/03d98ef1d4addcabcbc0b865cb981606\" tg-width=\"640\" tg-height=\"395\" width=\"100%\" height=\"auto\"><span>Cloudflare revenue and adjusted EBITDA margins mean consensus estimates. Data source: S&amp;P Capital IQ</span></p><p><blockquote><p class=\"t-img-caption\"><span>Cloudflare收入和调整后EBITDA利润率意味着共识估计。数据来源：标普资本智商</span></p></blockquote></p><p></p><p> Consensus estimates also pointed to robust topline expansion over the next three years. Cloudflare's revenue is estimated to increase at a CAGR of 40% from FY20-23. Moreover, its adjusted EBITDA is expected to grow even faster. Cloudflare is projected to post an adjusted EBITDA margin of 11.6% by FY23, compared to just 3.6% in FY20. Hence, Cloudflare is still in the early stages of its massive growth.</p><p><blockquote>共识估计还表明，未来三年营收将强劲扩张。预计从20-23财年开始，Cloudflare的收入将以40%的复合年增长率增长。此外，其调整后的EBITDA预计将增长更快。2023财年预计Cloudflare调整后EBITDA利润率为11.6%，而2020财年仅为3.6%。因此，Cloudflare仍处于大规模增长的早期阶段。</blockquote></p><p> <b>So, is NET Stock a Buy Now?</b></p><p><blockquote><b>那么，NET股票现在值得买入吗？</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cd5cf860d8b13e68290ca0adbe54eafa\" tg-width=\"640\" tg-height=\"384\" width=\"100%\" height=\"auto\"><span>NET stock EV/NTM Revenue 2Y mean.</span></p><p><blockquote><p class=\"t-img-caption\"><span>净股票EV/NTM收入2年平均值。</span></p></blockquote></p><p> We know that stocks like Cloudflare's would never be cheap. They will likely continue to trade at a premium valuation, given its moat and excellent execution. CEO Matthew Prince and his two other co-founders (COO and CTO, respectively) continue to play an integral role in shaping Cloudflare's future developments. NET stock is trading at an EV/NTM Revenue of 52.7x, markedly above its 2Y mean of 34.5x. Typically, we wouldn't even consider stocks with such a high premium. However, NET stock isn't just another stock. Investors should also consider that the company will gain significant operating leverage moving forward. Therefore, we think a DCF valuation model might provide more clarity within reasonable assumptions.</p><p><blockquote>我们知道像Cloudflare这样的股票永远不会便宜。鉴于其护城河和出色的执行力，它们可能会继续以溢价估值进行交易。首席执行官Matthew Prince和他的另外两位联合创始人（分别为首席运营官和首席技术官）继续在塑造Cloudflare的未来发展中发挥不可或缺的作用。净股票的EV/NTM收入为52.7倍，明显高于34.5倍的2年平均水平。通常情况下，我们甚至不会考虑溢价如此高的股票。然而，净股票不仅仅是另一只股票。投资者还应考虑到，该公司未来将获得显着的运营杠杆。因此，我们认为DCF估值模型可能会在合理的假设范围内提供更多清晰度。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/44aa88643408f3ce0ad33a44efb7f7bc\" tg-width=\"901\" tg-height=\"595\" width=\"100%\" height=\"auto\"><span>NET stock DCF valuation model. Data source: S&amp;P Capital IQ, company filings, author</span></p><p><blockquote><p class=\"t-img-caption\"><span>净股票DCF估值模型。数据来源：S&amp;P Capital IQ，公司文件，作者</span></p></blockquote></p><p> Therefore, we believe that the stock has now dropped back into our buy zone. Moreover, it seems to be supported along its 50-week moving average support level, which has been reliable since last year.</p><p><blockquote>因此，我们认为该股现已回落至我们的买入区域。此外，它似乎受到50周移动平均线支撑位的支撑，该支撑位自去年以来一直可靠。</blockquote></p><p> As such,<i>we revise our rating on NET stock to Buy</i>.</p><p><blockquote>因此，<i>我们将净股票评级修改为买入</i>.</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4476832-cloudflare-stock-now-back-within-buy-zone\">Seeking Alpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NET":"Cloudflare, Inc."},"source_url":"https://seekingalpha.com/article/4476832-cloudflare-stock-now-back-within-buy-zone","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1119282541","content_text":"Summary\n\nCloudflare is one of our highest conviction companies.\nCloudflare stock's momentum spike has fizzled out, and it has dropped nicely into our buy zone.\nWe discuss why we think long-term investors can consider adding now.\n\nSteve Jennings/Getty Images Entertainment\nInvestment Thesis\nCloudflare, Inc.(NYSE:NET) is another of our highest conviction tech companies whose stock recently dropped back into our buy zone. Investors who need an introduction can refer to one of our previous articles. We had also discussed its thesis just before its FQ3 report card was released. We cautioned investors not to follow the momentum spike heading into its earnings with our Neutral call back then. The stock has fallen more than 28% since our article was published. Notably, a robust FQ3 performance also led to us revising our estimates upwards.\nWe also observed that its momentum spike that we cautioned earlier seems to have fizzled out. Therefore, we believe the entry point might be less risky now for investors who have been waiting to add exposure. Consequently, we think it's apt to update why we believe it's back within our buy zone.\nCloudflare Stock YTD Performance\nNET stock YTD performance (as of 23 December '21).\nNET stock has had a spectacular year so far. When its upward momentum spiked in November, its YTD returns reached 180%. However, the recent retracement in growth stocks has also lowered its price to more reasonable levels. Consequently, its YTD gains have also compressed dramatically, down to 80.6%. Nonetheless, it's still well ahead of the broad market, making it a fantastic year for NET investors.\nWhy is Cloudflare One of Our Highest Conviction Companies?\nKeen investors should be aware that the company has often telegraphed that it's a networking company. Its software-defined architecture is capable of supporting both on-premise and cloud workloads. It's also capable of delivering solutions for both hybrid and multi-cloud environments. Therefore, the company operates a highly scalable business model. Its capability has also allowed it to compete effectively across multiple spectrums against legacy on-premise and cloud-native peers.\nNET may have started serving the long-tail small-and-medium businesses (SMB). However, it has gained significant traction in the enterprise space as it penetrates with remarkable effectiveness. Therefore, it has also allowed Cloudflare to scale its TAM from $32B in 2018 to $100B by 2024. Consensus estimates point to revenue of just $646.8M for FY21 (Cloudflare guided for $647.5M at the midpoint). Therefore, we believe that the company is undoubtedly still in the early innings of its rapidly-expanding market opportunities.\nCloudflare paying customers. Data source: Company filings\nCloudflare enterprise customers. Data source: Company filings\nCloudflare has scaled so quickly that it has nearly 4M customers globally. In addition, 132K are paying, which grew at a CAGR of 29.3% over the last three years. Notably, it has also gained significant traction in its enterprise base. Its enterprise customers increased to 1,260 in FQ3'21, representing a phenomenal CAGR of 69% over the previous three years. Moreover, Cloudflare emphasized that \"nearly 20% of all websites use Cloudflare today.\"\nSo, what makes Cloudflare's business model so scalable? First of all, investors need to understand that the company designed a complete technology stack that's highly efficient to scale. CFO Thomas Seifert articulated (edited):\n\n The network certainly is the competitive moat we have. The bigger we get in terms of data that moves through the network, the larger the product and service offering that runs on this network, and the faster those flywheels turn. It starts with the hardware stack. It's an off-the-shelf hardware stack. That's why our CapEx efficiency is so incredibly good. And on this hardware stack, we run a completely integrated homogeneous software stack. So this allows us literally to offer every product we have and every service we offer on every server in every city and every location. (5th Annual Virtual Wells Fargo TMT Summit)\n\nIt's such a critical competitive moat that Cloudflare believes its competitors cannot match even if they try to invest. The company's points-of-presence (POP) has expanded to more than 250 cities. As a result, it has gained tremendous clout and influence with the local internet service providers (ISP). Notably, these ISPs depend on Cloudflare to help them optimize their costs. They leverage Cloudflare's superior reliability, latency, and cost-effectiveness of its massive network.\nConsequently, it has allowed Cloudflare to co-locate its hardware in these ISPs' data centers. In addition, it helps the company to significantly \"drive down its bandwidth and co-location expenses.\" Cloudflare emphasized: \"This symbiotic relationship that we have with ISPs and the efficiency of our serverless network architecture allows us to introduce new products on our network at low marginal cost.\"\nGross margins comps (LTM). Data source: S&P Capital IQ\nCloudflare and the CDN leaders Fastly(NYSE:FSLY), and Akamai(NASDAQ:AKAM)(Cloudflare has maintained that it's not a pure-play CDN) recognize network, bandwidth, and co-location costs in their cost of revenue. Readers can quickly glean how its competitive moat has afforded superior gross margins over time. Accordingly, Cloudflare is confident that its competitors cannot easily replicate its advantages by increasing CapEx intensity. Cloudflare emphasized (edited):\n\nThis build-out is not a function of CapEx. So you cannot just replicate that by saying, here is $1 billion, let's be in 250 cities. What makes that network so efficient is that it's the most interconnected network on the planet, with thousands of interconnections to other networks. And this is hard to compete with and replicate because dollars and CapEx are just not going to get you into those interconnects. So, it allows us to continue powering more and more of the infrastructure for the people who are actually accessing the web. And that scalability comes from the technical infrastructure and the way that we have been able to have a very symbiotic relationship with the other network providers around the world in order to connect everywhere. (Wells Fargo TMT and RBC Conference)\n\nCloudflare SG&A and R&D margins. Data source: S&P Capital IQ\nHence, we believe that Cloudflare's strong gross margins give it tremendous flexibility to invest. Readers can observe that its R&D margins accounted for 30.2% of its revenue over the last twelve months (LTM). We believe that such a strong commitment to innovation will keep Cloudflare at the fore of its leadership. While Fastly's LTM R&D margin was higher at 35.3%, the company couldn't match Cloudflare's highly competitive gross margin advantage. Akamai's LTM R&D margin came in at just 13.9%, as the company is focusing more on leveraging profits than growth.\nCloudflare revenue YoY change, and GAAP EBITDA margins. Data source: S&P Capital IQ\nAs such, Cloudflare's exceptional business model has allowed it highly consistent topline growth over the last two years. Notably, it has also been improving its operational efficiencies as it scales. As a result, on a GAAP basis, its EBITDA margin has improved to -8.5% in FQ3'21, compared to -47.5% two years ago.\nCloudflare revenue and adjusted EBITDA margins mean consensus estimates. Data source: S&P Capital IQ\nConsensus estimates also pointed to robust topline expansion over the next three years. Cloudflare's revenue is estimated to increase at a CAGR of 40% from FY20-23. Moreover, its adjusted EBITDA is expected to grow even faster. Cloudflare is projected to post an adjusted EBITDA margin of 11.6% by FY23, compared to just 3.6% in FY20. Hence, Cloudflare is still in the early stages of its massive growth.\nSo, is NET Stock a Buy Now?\nNET stock EV/NTM Revenue 2Y mean.\nWe know that stocks like Cloudflare's would never be cheap. They will likely continue to trade at a premium valuation, given its moat and excellent execution. CEO Matthew Prince and his two other co-founders (COO and CTO, respectively) continue to play an integral role in shaping Cloudflare's future developments. NET stock is trading at an EV/NTM Revenue of 52.7x, markedly above its 2Y mean of 34.5x. Typically, we wouldn't even consider stocks with such a high premium. However, NET stock isn't just another stock. Investors should also consider that the company will gain significant operating leverage moving forward. Therefore, we think a DCF valuation model might provide more clarity within reasonable assumptions.\nNET stock DCF valuation model. Data source: S&P Capital IQ, company filings, author\nTherefore, we believe that the stock has now dropped back into our buy zone. Moreover, it seems to be supported along its 50-week moving average support level, which has been reliable since last year.\nAs such,we revise our rating on NET stock to Buy.","news_type":1,"symbols_score_info":{"NET":0.9}},"isVote":1,"tweetType":1,"viewCount":2309,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":696939215,"gmtCreate":1640593234748,"gmtModify":1640593235179,"author":{"id":"3581678664547146","authorId":"3581678664547146","name":"nelson21","avatar":"https://static.tigerbbs.com/f3bfb16048c75dbf023d98c18914333e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581678664547146","idStr":"3581678664547146"},"themes":[],"htmlText":"Pls like","listText":"Pls like","text":"Pls like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/696939215","repostId":"1195075450","repostType":4,"isVote":1,"tweetType":1,"viewCount":3595,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":696939877,"gmtCreate":1640593213529,"gmtModify":1640593213937,"author":{"id":"3581678664547146","authorId":"3581678664547146","name":"nelson21","avatar":"https://static.tigerbbs.com/f3bfb16048c75dbf023d98c18914333e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581678664547146","idStr":"3581678664547146"},"themes":[],"htmlText":"Pls like","listText":"Pls like","text":"Pls like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/696939877","repostId":"2194177239","repostType":4,"repost":{"id":"2194177239","kind":"news","pubTimestamp":1640559609,"share":"https://www.laohu8.com/m/news/2194177239?lang=zh_CN&edition=full","pubTime":"2021-12-27 07:00","market":"us","language":"en","title":"Santa Claus Rally watch: What to know this week<blockquote>圣诞老人集会观察：本周需要了解什么</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2194177239","media":"Yahoo Finance","summary":"As traders return from the holiday-shortened week, the price action heading into the new year will be closely monitored — especially given the relatively light economic data and earnings calendar for the coming days.The S&P 500  is entering the period known for ushering in the so-called Santa Claus Rally, or seasonally strong timeframe for stocks at the end of each year.According to data from LPL Financial, the Santa Claus Rally period encapsulates the seven days most likely to be higher in any ","content":"<p><div> As traders return from the holiday-shortened week, the price action heading into the new year will be closely monitored — especially given the relatively light economic data and earnings calendar for ...</p><p><blockquote><div>随着交易员从假期缩短的一周中回归，进入新的一年的价格走势将受到密切关注——特别是考虑到相对清淡的经济数据和收益日历...</div></blockquote></p><p>  <a href=\"https://finance.yahoo.com/news/santa-claus-rally-watch-what-to-know-this-week-142909627.html\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://finance.yahoo.com/news/santa-claus-rally-watch-what-to-know-this-week-142909627.html\">网页连接</a></blockquote></p><p></p>","source":"yahoofinance_au","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>Santa Claus Rally watch: What to know this week<blockquote>圣诞老人集会观察：本周需要了解什么</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSanta Claus Rally watch: What to know this week<blockquote>圣诞老人集会观察：本周需要了解什么</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Yahoo Finance</strong><span class=\"h-time small\">2021-12-27 07:00</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> As traders return from the holiday-shortened week, the price action heading into the new year will be closely monitored — especially given the relatively light economic data and earnings calendar for ...</p><p><blockquote><div>随着交易员从假期缩短的一周中回归，进入新的一年的价格走势将受到密切关注——特别是考虑到相对清淡的经济数据和收益日历...</div></blockquote></p><p>  <a href=\"https://finance.yahoo.com/news/santa-claus-rally-watch-what-to-know-this-week-142909627.html\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://finance.yahoo.com/news/santa-claus-rally-watch-what-to-know-this-week-142909627.html\">网页连接</a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://finance.yahoo.com/news/santa-claus-rally-watch-what-to-know-this-week-142909627.html\">Yahoo Finance</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":{"BK4096":"电气部件与设备","BK4541":"氢能源","FCEL":"燃料电池能源","SPY.AU":"SPDR® S&P 500® ETF Trust"},"source_url":"https://finance.yahoo.com/news/santa-claus-rally-watch-what-to-know-this-week-142909627.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2194177239","content_text":"As traders return from the holiday-shortened week, the price action heading into the new year will be closely monitored — especially given the relatively light economic data and earnings calendar for the coming days.\nThe S&P 500 (^GSPC) is entering the period known for ushering in the so-called Santa Claus Rally, or seasonally strong timeframe for stocks at the end of each year.\nThe term, coined by Stock Trader's Almanac in the 1970s, encompasses the final five trading days of the year and first two sessions of the new year. This year, that Santa Claus Rally window is set to start on Monday, Dec. 27 — or the latest a Santa Claus rally has started in 11 years, due to the timing of the holidays this year.\nAccording to data from LPL Financial, the Santa Claus Rally period encapsulates the seven days most likely to be higher in any given year. Since 1950, the Santa Claus Rally period has produced a positive return for the S&P 500 78.9% of the time, with an average return of 1.33%.\n“Why are these seven days so strong?” wrote Ryan Detrick, LPL Financial chief market strategist, in a note. “Whether optimism over a coming new year, holiday spending, traders on vacation, institutions squaring up their books — or the holiday spirit — the bottom line is that bulls tend to believe in Santa.”\nAnd if history is any indication, the absence of a Santa Claus Rally has also typically served as a harbinger of lower near-term returns.\n\"Going back to the mid-1990s, there have been only six times Santa failed to show in December. January was lower five of those six times, and the full year had a solid gain only once (in 2016, but a mini-bear market early in the year),\" Detrick added.\n“Considering the bear markets of 2000 and 2008 both took place after one of the rare instances that Santa failed to show makes believers out of us,\" he said. A bear market typically refers to when stocks drop at least 20% from recent record highs. \"Should this seasonally strong period miss the mark, it could be a warning sign.\"\nAnd this year, investors do have considerable additional concerns to mull heading into the new year. Though stocks closed out Thursday's session at fresh record highs before the long holiday weekend, December still marked a volatile month to start, with renewed concerns over the Omicron variant and the potential for tighter monetary policy from the Federal Reserve weighing on risk assets. Plus, prospects for more near-term fiscal support via the Biden administration's Build Back Better bill have dwindled, and inflation concerns spiked further. Last week, the Bureau of Economic Analysis reported core personal consumption expenditures (PCE) — the Fed's preferred inflation gauge — rose at a 4.7% year-over-year clip, or the fastest since 1983.\n\"If the U.S. was not battling the Omicron variant, U.S. stocks would be dancing higher as the Santa Claus Rally would have kept the climb going into uncharted territory,\" Edward Moya, chief market strategist at OANDA, wrote in a note last week. \"It is too early to say for sure if we will get a Santa Claus Rally, but given all the short-term risks of Fed tightening, Chinese weakness, fiscal support uncertainty and COVID, Wall Street is not complaining.\"\nA man in a Santa Claus costume gestures on the floor at the closing bell of the Dow Industrial Average at the New York Stock Exchange on December 5, 2019 in New York. (Photo by Bryan R. Smith / AFP) (Photo by BRYAN R. SMITH/AFP via Getty Images)BRYAN R. SMITH via Getty Images\nEconomic calendar\n\nMonday: Dallas Federal Reserve Manufacturing Activity Index, Dec. (13.0 expected, 11.8 in November)\nTuesday: FHFA House Price Index, month-over-month, October (0.9% in September); S&P CoreLogic Case-Shiller 20 City Composite Index, month-over-month, October (0.9% expected, 0.96% in September); S&P CoreLogic Case-Shiller 20 City Composite Index, year-over-year, October (18.6%. expected, 19.05% in September); S&P CoreLogic Case-Shiller Home Price Index, year-over-year, November (19.51% in October); Richmond Fed Manufacturing Index, December (11 expected,11 in November)\nWednesday: Wholesale Inventories, month-over-month, November preliminary (1.7% expected, 2.3% in October); Advance Goods Trade Balance, November (-$89.0 billion expected, -$82.9 billion in October); Retail Inventories, month-over-month, November (0.5% expected, 0.1% in October); Pending Home Sales, month-over-month, November (0.5% expected, 7.5% in October)\nThursday: Initial jobless claims, week ended Dec. 25. (205,000 during prior week); Continuing claims, week ended Dec. 18 (1.859 million during prior week); MNI Chicago PMI, December (62.2 expected, 61.8 in November)\nFriday: No notable reports scheduled for release\n\nEarnings calendar\n\nMonday: No notable reports scheduled for release\nTuesday: No notable reports scheduled for release\nWednesday: FuelCell Energy Inc. (FCEL) before market open\nThursday: No notable reports scheduled for release\nFriday: No notable reports scheduled for release","news_type":1,"symbols_score_info":{"SPY.AU":0.9,"FCEL":0.9}},"isVote":1,"tweetType":1,"viewCount":2452,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":698227483,"gmtCreate":1640415304086,"gmtModify":1640415304524,"author":{"id":"3581678664547146","authorId":"3581678664547146","name":"nelson21","avatar":"https://static.tigerbbs.com/f3bfb16048c75dbf023d98c18914333e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581678664547146","idStr":"3581678664547146"},"themes":[],"htmlText":"Please like","listText":"Please like","text":"Please like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/698227483","repostId":"1156159690","repostType":4,"isVote":1,"tweetType":1,"viewCount":2409,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":698812378,"gmtCreate":1640337544239,"gmtModify":1640337544665,"author":{"id":"3581678664547146","authorId":"3581678664547146","name":"nelson21","avatar":"https://static.tigerbbs.com/f3bfb16048c75dbf023d98c18914333e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581678664547146","idStr":"3581678664547146"},"themes":[],"htmlText":"Pls like","listText":"Pls like","text":"Pls like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/698812378","repostId":"2193144893","repostType":4,"isVote":1,"tweetType":1,"viewCount":1068,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":698812937,"gmtCreate":1640337513582,"gmtModify":1640337513977,"author":{"id":"3581678664547146","authorId":"3581678664547146","name":"nelson21","avatar":"https://static.tigerbbs.com/f3bfb16048c75dbf023d98c18914333e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581678664547146","idStr":"3581678664547146"},"themes":[],"htmlText":"Pls like","listText":"Pls like","text":"Pls like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/698812937","repostId":"2193414198","repostType":4,"isVote":1,"tweetType":1,"viewCount":961,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":698812077,"gmtCreate":1640337502063,"gmtModify":1640337502459,"author":{"id":"3581678664547146","authorId":"3581678664547146","name":"nelson21","avatar":"https://static.tigerbbs.com/f3bfb16048c75dbf023d98c18914333e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581678664547146","idStr":"3581678664547146"},"themes":[],"htmlText":"Pls like","listText":"Pls like","text":"Pls like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/698812077","repostId":"1166205101","repostType":4,"isVote":1,"tweetType":1,"viewCount":1146,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":698816723,"gmtCreate":1640337490516,"gmtModify":1640337490930,"author":{"id":"3581678664547146","authorId":"3581678664547146","name":"nelson21","avatar":"https://static.tigerbbs.com/f3bfb16048c75dbf023d98c18914333e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581678664547146","idStr":"3581678664547146"},"themes":[],"htmlText":"Pls like","listText":"Pls like","text":"Pls like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/698816723","repostId":"1141357068","repostType":4,"repost":{"id":"1141357068","kind":"news","pubTimestamp":1640337018,"share":"https://www.laohu8.com/m/news/1141357068?lang=zh_CN&edition=full","pubTime":"2021-12-24 17:10","market":"us","language":"en","title":"3 Stocks to Buy While They Are on Sale<blockquote>3只打折时值得买入的股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1141357068","media":"Motley Fool","summary":"The market has been particularly harsh to high-growth stocks over recent months, causing major price","content":"<p>The market has been particularly harsh to&nbsp;high-growth&nbsp;stocks&nbsp;over recent months, causing major price declines in otherwise solid companies. The omicron coronavirus variant, soaring inflation, and the possibility of interest rate hikes next year are all causing uncertainty for investors today.</p><p><blockquote>近几个月来，市场对高增长股票的打击尤其严重，导致原本稳健的公司价格大幅下跌。奥密克戎冠状病毒变种、通胀飙升以及明年加息的可能性都给今天的投资者带来了不确定性。</blockquote></p><p> Opportunities to buy outstanding businesses at significant discounts to their recent highs are rare. Now is not the time to abandon your long-term investing strategy. Instead, take a look at the following stocks as potential additions to your portfolio right now.</p><p><blockquote>以较近期高点大幅折扣购买优秀企业的机会很少。现在不是放弃长期投资策略的时候。相反，现在就看看以下股票作为您投资组合的潜在补充。</blockquote></p><p> <b>1. Etsy</b></p><p><blockquote><b>1.Etsy</b></blockquote></p><p> The first stock you should consider is online marketplace&nbsp;<b>Etsy</b>&nbsp;(NASDAQ:ETSY). It's down 26% in the past month as investors worry that the pandemic-induced surge in demand for its unique goods will fade with economies slowly reopening. But if we zoom out and focus on the bigger picture, Etsy is doing just fine.</p><p><blockquote>您应该考虑的第一只股票是在线市场<b>Etsy</b>（纳斯达克：ETSY）。过去一个月下跌了26%，因为投资者担心，随着经济缓慢重新开放，大流行引发的对其独特商品的需求激增将会消退。但如果我们缩小范围，关注更大的图景，Etsy做得很好。</blockquote></p><p> The platform generated $3.1 billion in gross merchandise sales (GMS) in the third quarter, up 17.9% over the year-ago period. This was all the more impressive given that a year ago GMS shot up 119%. The ecosystem is robust and growing with 96 million active buyers and 7.5 million active sellers, both of which are up substantially on a sequential basis.</p><p><blockquote>该平台第三季度商品销售总额(GMS)为31亿美元，同比增长17.9%。考虑到一年前GMS飙升了119%，这就更加令人印象深刻了。该生态系统强大且不断增长，拥有9600万活跃买家和750万活跃卖家，这两个数字均环比大幅增长。</blockquote></p><p> Over the past 12 months, Etsy's profit margin was a superb 21.6%. And the&nbsp;business is a cash cow, producing $584&nbsp;million in free cash flow during that time. That leaves lots of room to potentially buy back stock, further boosting earnings per share.</p><p><blockquote>过去12个月，Etsy的利润率高达21.6%。该业务是一棵摇钱树，在此期间产生了5.84亿美元的自由现金流。这为回购股票留下了很大的空间，进一步提高了每股收益。</blockquote></p><p> The stock has been a massive outperformer, skyrocketing nearly 1,600%&nbsp;over the past five years. But don't think the party is over for this&nbsp;booming&nbsp;e-commerce&nbsp;business. CEO Josh Silverman has ambitions to create a \"House of Brands\" that will penetrate what the leadership team believes is a $1.7&nbsp;trillion global opportunity. The recent acquisitions of Depop, a secondhand-fashion reseller, and Elo7, known as the Etsy of Brazil, should help support that&nbsp;vision of growth for the company in the decade ahead.</p><p><blockquote>该股表现出色，在过去五年中飙升了近1,600%。但不要认为这个蓬勃发展的电子商务业务的派对已经结束。首席执行官乔什·西尔弗曼(Josh Silverman)雄心勃勃地创建一个“品牌之家”，以渗透领导团队认为的1.7万亿美元的全球机遇。最近对二手时装经销商Depop和被称为巴西Etsy的Elo7的收购应该有助于支持该公司未来十年的增长愿景。</blockquote></p><p> <b>2. The Joint Corp.</b></p><p><blockquote><b>2.联合公司。</b></blockquote></p><p> Who knew that offering fast and&nbsp;affordable back adjustments would be such a&nbsp;lucrative&nbsp;business model? That's exactly what&nbsp;<b>The Joint Corp.</b>&nbsp;(NASDAQ:JYNT)is doing. The nationwide franchisor and operator of&nbsp;666&nbsp;chiropractic clinics has been growing at a breathtaking pace. A decade ago, the company had just 26 locations.</p><p><blockquote>谁知道提供快速和负担得起的背部调整会是一个如此有利可图的商业模式？这正是<b>联合公司。</b>（纳斯达克：JYNT）正在做。全国666家脊椎指压治疗诊所的特许经营商和经营者一直在以惊人的速度增长。十年前，该公司只有26个地点。</blockquote></p><p> After reaching an all-time high of $107.30 in early September, the stock has crashed over 40%. Even so, the price is up 135% year to date. This company does away with the traditional, insurance-based structure by letting patients walk in (no appointment needed) and receive quick and effective treatment from a licensed chiropractor. At $29, a visit here is often lower than co-pays at independent chiropractor offices.</p><p><blockquote>在9月初达到107.30美元的历史高点后，该股已暴跌超过40%。即便如此，今年迄今为止价格仍上涨了135%。这家公司废除了传统的、基于保险的结构，让病人走进去（不需要预约），接受有执照的脊椎指压治疗师的快速有效的治疗。这里的就诊费用为29美元，通常低于独立脊椎指压治疗师办公室的自付费用。</blockquote></p><p> The model is working. Same-store sales for locations open at least four years jumped 21%&nbsp;in the latest quarter. And with annual spending on back pain in the U.S. estimated to be $134 billion, there is a massive market opportunity. The Joint's trailing-12-month revenue totaled $75 million.</p><p><blockquote>这个模型正在起作用。最近一个季度，开业至少四年的门店同店销售额增长了21%。美国每年在背痛方面的支出估计为1340亿美元，存在巨大的市场机会。该合资企业过去12个月的收入总计7500万美元。</blockquote></p><p> Management is confident the company can one day have 1,800 locations in the U.S., almost triple its current footprint. With 295 clinics in active development and 132 franchise licenses sold in the first nine months of 2021, The Joint is well on its way to bringing chiropractic care to the masses.</p><p><blockquote>管理层相信，该公司有一天可以在美国拥有1,800个分支机构，几乎是目前足迹的三倍。随着295家诊所在积极发展，2021年前9个月售出132份特许经营许可证，该联合公司正在向大众提供脊椎指压治疗护理。</blockquote></p><p> <b>3. Roku</b></p><p><blockquote><b>3.Roku</b></blockquote></p><p> Perhaps the biggest shocker on this list is&nbsp;<b>Roku</b>&nbsp;(NASDAQ:ROKU), which has seen its stock&nbsp;shed roughly half of its value&nbsp;since July. Some challenges, including missing Wall Street's sales estimates in the third quarter plus supply-chain bottlenecks, are certainly pressuring the stock. But I still firmly believe that the long-term outlook for Roku is intact.</p><p><blockquote>也许这份名单上最令人震惊的是<b>Roku</b>（纳斯达克：ROKU），自7月份以来，其股价已下跌约一半。一些挑战，包括第三季度未达到华尔街的销售预期以及供应链瓶颈，无疑给该股带来了压力。但我仍然坚信Roku的长期前景是完整的。</blockquote></p><p> This top streaming business is attractive not because of its media sticks, which have actually been sold at a loss in the past two quarters, but because of its burgeoning platform segment. This is where high-margin advertising and subscription fees are. In the most recent quarter, the platform business represented 86%&nbsp;of total revenue, a figure that has steadily increased over time.</p><p><blockquote>这项顶级流媒体业务之所以有吸引力，并不是因为其媒体棒（过去两个季度实际上一直在亏本出售），而是因为其蓬勃发展的平台部门。这就是高利润广告和订阅费的所在。最近一个季度，平台业务占总收入的86%，这一数字随着时间的推移稳步增长。</blockquote></p><p> Roku's 56.4&nbsp;million active accounts streamed 18 billion hours of content in the latest three-month period. But what really stood out was the average revenue per user of $40.10. The monster success of The Roku Channel, now a top-five channel on the platform, has further helped ad revenue. This allows even greater investment in content (including 50 new original series planned over the next two years), bringing in new viewers.</p><p><blockquote>Roku的5640万活跃账户在最近三个月内播放了180亿小时的内容。但真正突出的是每个用户40.10美元的平均收入。Roku频道（现已成为该平台排名前五的频道）的巨大成功进一步提高了广告收入。这使得在内容上进行更大的投资（包括未来两年计划推出的50部新的原创剧集），带来新的观众。</blockquote></p><p></p><p> The management team, led by CEO Anthony Wood, thinks that streaming is the future of video entertainment. The ongoing decline of cable-TV subscribers makes this trend undeniable. Roku will continue riding this wave as it tackles overseas markets, particularly in Europe and Latin America.</p><p><blockquote>由首席执行官安东尼·伍德领导的管理团队认为流媒体是视频娱乐的未来。有线电视用户的持续下降使得这一趋势不可否认。Roku将继续乘风破浪，进军海外市场，特别是欧洲和拉丁美洲。</blockquote></p><p> Taking advantage of what the market is giving you today by adding shares in these proven winners, now at steep discounts, could be a game-changer for your portfolio.</p><p><blockquote>利用市场今天为您提供的机会，通过添加这些经过验证的赢家的股票（现在以大幅折扣），可能会改变您投资组合的游戏规则。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Stocks to Buy While They Are on Sale<blockquote>3只打折时值得买入的股票</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\">\n3 Stocks to Buy While They Are on Sale<blockquote>3只打折时值得买入的股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Motley Fool</strong><span class=\"h-time small\">2021-12-24 17:10</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The market has been particularly harsh to&nbsp;high-growth&nbsp;stocks&nbsp;over recent months, causing major price declines in otherwise solid companies. The omicron coronavirus variant, soaring inflation, and the possibility of interest rate hikes next year are all causing uncertainty for investors today.</p><p><blockquote>近几个月来，市场对高增长股票的打击尤其严重，导致原本稳健的公司价格大幅下跌。奥密克戎冠状病毒变种、通胀飙升以及明年加息的可能性都给今天的投资者带来了不确定性。</blockquote></p><p> Opportunities to buy outstanding businesses at significant discounts to their recent highs are rare. Now is not the time to abandon your long-term investing strategy. Instead, take a look at the following stocks as potential additions to your portfolio right now.</p><p><blockquote>以较近期高点大幅折扣购买优秀企业的机会很少。现在不是放弃长期投资策略的时候。相反，现在就看看以下股票作为您投资组合的潜在补充。</blockquote></p><p> <b>1. Etsy</b></p><p><blockquote><b>1.Etsy</b></blockquote></p><p> The first stock you should consider is online marketplace&nbsp;<b>Etsy</b>&nbsp;(NASDAQ:ETSY). It's down 26% in the past month as investors worry that the pandemic-induced surge in demand for its unique goods will fade with economies slowly reopening. But if we zoom out and focus on the bigger picture, Etsy is doing just fine.</p><p><blockquote>您应该考虑的第一只股票是在线市场<b>Etsy</b>（纳斯达克：ETSY）。过去一个月下跌了26%，因为投资者担心，随着经济缓慢重新开放，大流行引发的对其独特商品的需求激增将会消退。但如果我们缩小范围，关注更大的图景，Etsy做得很好。</blockquote></p><p> The platform generated $3.1 billion in gross merchandise sales (GMS) in the third quarter, up 17.9% over the year-ago period. This was all the more impressive given that a year ago GMS shot up 119%. The ecosystem is robust and growing with 96 million active buyers and 7.5 million active sellers, both of which are up substantially on a sequential basis.</p><p><blockquote>该平台第三季度商品销售总额(GMS)为31亿美元，同比增长17.9%。考虑到一年前GMS飙升了119%，这就更加令人印象深刻了。该生态系统强大且不断增长，拥有9600万活跃买家和750万活跃卖家，这两个数字均环比大幅增长。</blockquote></p><p> Over the past 12 months, Etsy's profit margin was a superb 21.6%. And the&nbsp;business is a cash cow, producing $584&nbsp;million in free cash flow during that time. That leaves lots of room to potentially buy back stock, further boosting earnings per share.</p><p><blockquote>过去12个月，Etsy的利润率高达21.6%。该业务是一棵摇钱树，在此期间产生了5.84亿美元的自由现金流。这为回购股票留下了很大的空间，进一步提高了每股收益。</blockquote></p><p> The stock has been a massive outperformer, skyrocketing nearly 1,600%&nbsp;over the past five years. But don't think the party is over for this&nbsp;booming&nbsp;e-commerce&nbsp;business. CEO Josh Silverman has ambitions to create a \"House of Brands\" that will penetrate what the leadership team believes is a $1.7&nbsp;trillion global opportunity. The recent acquisitions of Depop, a secondhand-fashion reseller, and Elo7, known as the Etsy of Brazil, should help support that&nbsp;vision of growth for the company in the decade ahead.</p><p><blockquote>该股表现出色，在过去五年中飙升了近1,600%。但不要认为这个蓬勃发展的电子商务业务的派对已经结束。首席执行官乔什·西尔弗曼(Josh Silverman)雄心勃勃地创建一个“品牌之家”，以渗透领导团队认为的1.7万亿美元的全球机遇。最近对二手时装经销商Depop和被称为巴西Etsy的Elo7的收购应该有助于支持该公司未来十年的增长愿景。</blockquote></p><p> <b>2. The Joint Corp.</b></p><p><blockquote><b>2.联合公司。</b></blockquote></p><p> Who knew that offering fast and&nbsp;affordable back adjustments would be such a&nbsp;lucrative&nbsp;business model? That's exactly what&nbsp;<b>The Joint Corp.</b>&nbsp;(NASDAQ:JYNT)is doing. The nationwide franchisor and operator of&nbsp;666&nbsp;chiropractic clinics has been growing at a breathtaking pace. A decade ago, the company had just 26 locations.</p><p><blockquote>谁知道提供快速和负担得起的背部调整会是一个如此有利可图的商业模式？这正是<b>联合公司。</b>（纳斯达克：JYNT）正在做。全国666家脊椎指压治疗诊所的特许经营商和经营者一直在以惊人的速度增长。十年前，该公司只有26个地点。</blockquote></p><p> After reaching an all-time high of $107.30 in early September, the stock has crashed over 40%. Even so, the price is up 135% year to date. This company does away with the traditional, insurance-based structure by letting patients walk in (no appointment needed) and receive quick and effective treatment from a licensed chiropractor. At $29, a visit here is often lower than co-pays at independent chiropractor offices.</p><p><blockquote>在9月初达到107.30美元的历史高点后，该股已暴跌超过40%。即便如此，今年迄今为止价格仍上涨了135%。这家公司废除了传统的、基于保险的结构，让病人走进去（不需要预约），接受有执照的脊椎指压治疗师的快速有效的治疗。这里的就诊费用为29美元，通常低于独立脊椎指压治疗师办公室的自付费用。</blockquote></p><p> The model is working. Same-store sales for locations open at least four years jumped 21%&nbsp;in the latest quarter. And with annual spending on back pain in the U.S. estimated to be $134 billion, there is a massive market opportunity. The Joint's trailing-12-month revenue totaled $75 million.</p><p><blockquote>这个模型正在起作用。最近一个季度，开业至少四年的门店同店销售额增长了21%。美国每年在背痛方面的支出估计为1340亿美元，存在巨大的市场机会。该合资企业过去12个月的收入总计7500万美元。</blockquote></p><p> Management is confident the company can one day have 1,800 locations in the U.S., almost triple its current footprint. With 295 clinics in active development and 132 franchise licenses sold in the first nine months of 2021, The Joint is well on its way to bringing chiropractic care to the masses.</p><p><blockquote>管理层相信，该公司有一天可以在美国拥有1,800个分支机构，几乎是目前足迹的三倍。随着295家诊所在积极发展，2021年前9个月售出132份特许经营许可证，该联合公司正在向大众提供脊椎指压治疗护理。</blockquote></p><p> <b>3. Roku</b></p><p><blockquote><b>3.Roku</b></blockquote></p><p> Perhaps the biggest shocker on this list is&nbsp;<b>Roku</b>&nbsp;(NASDAQ:ROKU), which has seen its stock&nbsp;shed roughly half of its value&nbsp;since July. Some challenges, including missing Wall Street's sales estimates in the third quarter plus supply-chain bottlenecks, are certainly pressuring the stock. But I still firmly believe that the long-term outlook for Roku is intact.</p><p><blockquote>也许这份名单上最令人震惊的是<b>Roku</b>（纳斯达克：ROKU），自7月份以来，其股价已下跌约一半。一些挑战，包括第三季度未达到华尔街的销售预期以及供应链瓶颈，无疑给该股带来了压力。但我仍然坚信Roku的长期前景是完整的。</blockquote></p><p> This top streaming business is attractive not because of its media sticks, which have actually been sold at a loss in the past two quarters, but because of its burgeoning platform segment. This is where high-margin advertising and subscription fees are. In the most recent quarter, the platform business represented 86%&nbsp;of total revenue, a figure that has steadily increased over time.</p><p><blockquote>这项顶级流媒体业务之所以有吸引力，并不是因为其媒体棒（过去两个季度实际上一直在亏本出售），而是因为其蓬勃发展的平台部门。这就是高利润广告和订阅费的所在。最近一个季度，平台业务占总收入的86%，这一数字随着时间的推移稳步增长。</blockquote></p><p> Roku's 56.4&nbsp;million active accounts streamed 18 billion hours of content in the latest three-month period. But what really stood out was the average revenue per user of $40.10. The monster success of The Roku Channel, now a top-five channel on the platform, has further helped ad revenue. This allows even greater investment in content (including 50 new original series planned over the next two years), bringing in new viewers.</p><p><blockquote>Roku的5640万活跃账户在最近三个月内播放了180亿小时的内容。但真正突出的是每个用户40.10美元的平均收入。Roku频道（现已成为该平台排名前五的频道）的巨大成功进一步提高了广告收入。这使得在内容上进行更大的投资（包括未来两年计划推出的50部新的原创剧集），带来新的观众。</blockquote></p><p></p><p> The management team, led by CEO Anthony Wood, thinks that streaming is the future of video entertainment. The ongoing decline of cable-TV subscribers makes this trend undeniable. Roku will continue riding this wave as it tackles overseas markets, particularly in Europe and Latin America.</p><p><blockquote>由首席执行官安东尼·伍德领导的管理团队认为流媒体是视频娱乐的未来。有线电视用户的持续下降使得这一趋势不可否认。Roku将继续乘风破浪，进军海外市场，特别是欧洲和拉丁美洲。</blockquote></p><p> Taking advantage of what the market is giving you today by adding shares in these proven winners, now at steep discounts, could be a game-changer for your portfolio.</p><p><blockquote>利用市场今天为您提供的机会，通过添加这些经过验证的赢家的股票（现在以大幅折扣），可能会改变您投资组合的游戏规则。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/12/23/3-stocks-to-buy-while-they-are-on-sale/\">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":{"ETSY":"Etsy, Inc.","JYNT":"The Joint Corp.","ROKU":"Roku Inc"},"source_url":"https://www.fool.com/investing/2021/12/23/3-stocks-to-buy-while-they-are-on-sale/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1141357068","content_text":"The market has been particularly harsh to high-growth stocks over recent months, causing major price declines in otherwise solid companies. The omicron coronavirus variant, soaring inflation, and the possibility of interest rate hikes next year are all causing uncertainty for investors today.\nOpportunities to buy outstanding businesses at significant discounts to their recent highs are rare. Now is not the time to abandon your long-term investing strategy. Instead, take a look at the following stocks as potential additions to your portfolio right now.\n1. Etsy\nThe first stock you should consider is online marketplace Etsy (NASDAQ:ETSY). It's down 26% in the past month as investors worry that the pandemic-induced surge in demand for its unique goods will fade with economies slowly reopening. But if we zoom out and focus on the bigger picture, Etsy is doing just fine.\nThe platform generated $3.1 billion in gross merchandise sales (GMS) in the third quarter, up 17.9% over the year-ago period. This was all the more impressive given that a year ago GMS shot up 119%. The ecosystem is robust and growing with 96 million active buyers and 7.5 million active sellers, both of which are up substantially on a sequential basis.\nOver the past 12 months, Etsy's profit margin was a superb 21.6%. And the business is a cash cow, producing $584 million in free cash flow during that time. That leaves lots of room to potentially buy back stock, further boosting earnings per share.\nThe stock has been a massive outperformer, skyrocketing nearly 1,600% over the past five years. But don't think the party is over for this booming e-commerce business. CEO Josh Silverman has ambitions to create a \"House of Brands\" that will penetrate what the leadership team believes is a $1.7 trillion global opportunity. The recent acquisitions of Depop, a secondhand-fashion reseller, and Elo7, known as the Etsy of Brazil, should help support that vision of growth for the company in the decade ahead.\n2. The Joint Corp.\nWho knew that offering fast and affordable back adjustments would be such a lucrative business model? That's exactly what The Joint Corp. (NASDAQ:JYNT)is doing. The nationwide franchisor and operator of 666 chiropractic clinics has been growing at a breathtaking pace. A decade ago, the company had just 26 locations.\nAfter reaching an all-time high of $107.30 in early September, the stock has crashed over 40%. Even so, the price is up 135% year to date. This company does away with the traditional, insurance-based structure by letting patients walk in (no appointment needed) and receive quick and effective treatment from a licensed chiropractor. At $29, a visit here is often lower than co-pays at independent chiropractor offices.\nThe model is working. Same-store sales for locations open at least four years jumped 21% in the latest quarter. And with annual spending on back pain in the U.S. estimated to be $134 billion, there is a massive market opportunity. The Joint's trailing-12-month revenue totaled $75 million.\nManagement is confident the company can one day have 1,800 locations in the U.S., almost triple its current footprint. With 295 clinics in active development and 132 franchise licenses sold in the first nine months of 2021, The Joint is well on its way to bringing chiropractic care to the masses.\n3. Roku\nPerhaps the biggest shocker on this list is Roku (NASDAQ:ROKU), which has seen its stock shed roughly half of its value since July. Some challenges, including missing Wall Street's sales estimates in the third quarter plus supply-chain bottlenecks, are certainly pressuring the stock. But I still firmly believe that the long-term outlook for Roku is intact.\nThis top streaming business is attractive not because of its media sticks, which have actually been sold at a loss in the past two quarters, but because of its burgeoning platform segment. This is where high-margin advertising and subscription fees are. In the most recent quarter, the platform business represented 86% of total revenue, a figure that has steadily increased over time.\nRoku's 56.4 million active accounts streamed 18 billion hours of content in the latest three-month period. But what really stood out was the average revenue per user of $40.10. The monster success of The Roku Channel, now a top-five channel on the platform, has further helped ad revenue. This allows even greater investment in content (including 50 new original series planned over the next two years), bringing in new viewers.\nThe management team, led by CEO Anthony Wood, thinks that streaming is the future of video entertainment. The ongoing decline of cable-TV subscribers makes this trend undeniable. Roku will continue riding this wave as it tackles overseas markets, particularly in Europe and Latin America.\nTaking advantage of what the market is giving you today by adding shares in these proven winners, now at steep discounts, could be a game-changer for your portfolio.","news_type":1,"symbols_score_info":{"ETSY":0.9,"ROKU":0.9,"JYNT":0.9}},"isVote":1,"tweetType":1,"viewCount":773,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":698816440,"gmtCreate":1640337469085,"gmtModify":1640337469517,"author":{"id":"3581678664547146","authorId":"3581678664547146","name":"nelson21","avatar":"https://static.tigerbbs.com/f3bfb16048c75dbf023d98c18914333e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581678664547146","idStr":"3581678664547146"},"themes":[],"htmlText":"Pls like","listText":"Pls like","text":"Pls like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/698816440","repostId":"1156159690","repostType":4,"isVote":1,"tweetType":1,"viewCount":758,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":698032508,"gmtCreate":1640258393301,"gmtModify":1640258393688,"author":{"id":"3581678664547146","authorId":"3581678664547146","name":"nelson21","avatar":"https://static.tigerbbs.com/f3bfb16048c75dbf023d98c18914333e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581678664547146","idStr":"3581678664547146"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/698032508","repostId":"1164256611","repostType":4,"isVote":1,"tweetType":1,"viewCount":1128,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":698032242,"gmtCreate":1640258378960,"gmtModify":1640258379349,"author":{"id":"3581678664547146","authorId":"3581678664547146","name":"nelson21","avatar":"https://static.tigerbbs.com/f3bfb16048c75dbf023d98c18914333e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581678664547146","idStr":"3581678664547146"},"themes":[],"htmlText":"Ok&nbsp;","listText":"Ok&nbsp;","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/698032242","repostId":"1114212037","repostType":2,"repost":{"id":"1114212037","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1640252143,"share":"https://www.laohu8.com/m/news/1114212037?lang=zh_CN&edition=full","pubTime":"2021-12-23 17:35","market":"us","language":"zh","title":"盘前异动：腾讯减持京东！拼多多“瑟瑟发抖”？","url":"https://stock-news.laohu8.com/highlight/detail?id=1114212037","media":"老虎资讯综合","summary":"12月23日，美股股指期货小幅走高，道指期货涨0.15%，纳指期货涨0.03%，标普500指数涨0.13%。\n\n京东盘前一度跌近10%，此前腾讯公布以实物分派京东之A类普通股之方式宣派中期股息。\n拼多","content":"<p>12月23日，美股股指期货小幅走高，道指期货涨0.15%，纳指期货涨0.03%，标普500指数涨0.13%。</p>\n<p><img src=\"https://static.tigerbbs.com/31b69ca5ea4481716a144e3f0dd6919b\" tg-width=\"385\" tg-height=\"176\" referrerpolicy=\"no-referrer\"></p>\n<p><a href=\"https://laohu8.com/S/JD\">京东</a>盘前一度跌近10%，此前<a href=\"https://laohu8.com/S/00700\">腾讯</a>公布以实物分派<a href=\"https://laohu8.com/S/JD\">京东</a>之A类普通股之方式宣派中期股息。</p>\n<p><a href=\"https://laohu8.com/S/PDD\">拼多多</a>盘前跌超3%，<a href=\"https://laohu8.com/S/00700\">腾讯</a>“抛”完京东后，有分析人士指出，这或许会引起整个腾讯系的资金恐慌，包括快手、美团、拼多多，谁都有被减持的风险。</p>\n<p><a href=\"https://laohu8.com/S/NVAX\">诺瓦瓦克斯医药</a>盘前涨超5%，此前数据显示其新冠疫苗对奥密克戎毒株有广泛的免疫反应。</p>\n<p><a href=\"https://laohu8.com/S/ZH\">知乎</a>盘前跌近5%，此前报道腾讯、<a href=\"https://laohu8.com/S/SOGO\">搜狗</a>退出知乎股东行列；知乎回应是上市后的标准操作。</p>\n<p><a href=\"https://laohu8.com/S/TSLA\">特斯拉</a>盘前涨近1.5%，特斯拉CEO马斯克周三再出售93.4万特斯拉股票，累计卖出数已占其承诺出售的86.62%。</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>盘前异动：腾讯减持京东！拼多多“瑟瑟发抖”？</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{ 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0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n盘前异动：腾讯减持京东！拼多多“瑟瑟发抖”？\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time\">2021-12-23 17:35</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>12月23日，美股股指期货小幅走高，道指期货涨0.15%，纳指期货涨0.03%，标普500指数涨0.13%。</p>\n<p><img src=\"https://static.tigerbbs.com/31b69ca5ea4481716a144e3f0dd6919b\" tg-width=\"385\" tg-height=\"176\" referrerpolicy=\"no-referrer\"></p>\n<p><a href=\"https://laohu8.com/S/JD\">京东</a>盘前一度跌近10%，此前<a href=\"https://laohu8.com/S/00700\">腾讯</a>公布以实物分派<a href=\"https://laohu8.com/S/JD\">京东</a>之A类普通股之方式宣派中期股息。</p>\n<p><a href=\"https://laohu8.com/S/PDD\">拼多多</a>盘前跌超3%，<a href=\"https://laohu8.com/S/00700\">腾讯</a>“抛”完京东后，有分析人士指出，这或许会引起整个腾讯系的资金恐慌，包括快手、美团、拼多多，谁都有被减持的风险。</p>\n<p><a href=\"https://laohu8.com/S/NVAX\">诺瓦瓦克斯医药</a>盘前涨超5%，此前数据显示其新冠疫苗对奥密克戎毒株有广泛的免疫反应。</p>\n<p><a href=\"https://laohu8.com/S/ZH\">知乎</a>盘前跌近5%，此前报道腾讯、<a href=\"https://laohu8.com/S/SOGO\">搜狗</a>退出知乎股东行列；知乎回应是上市后的标准操作。</p>\n<p><a href=\"https://laohu8.com/S/TSLA\">特斯拉</a>盘前涨近1.5%，特斯拉CEO马斯克周三再出售93.4万特斯拉股票，累计卖出数已占其承诺出售的86.62%。</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/fd680cd945fd32917c8ece66ec685e5f","relate_stocks":{"BK4501":"段永平概念","BK4553":"喜马拉雅资本持仓","BK4531":"中概回港概念","BK4099":"汽车制造商","PDD":"拼多多","BK4534":"瑞士信贷持仓",".IXIC":"NASDAQ Composite","BK4533":"AQR资本管理(全球第二大对冲基金)","JD":"京东",".DJI":"道琼斯","TSLA":"特斯拉","BK4535":"淡马锡持仓","09618":"京东集团-SW","ZH":"知乎","BK4550":"红杉资本持仓","QNETCN":"纳斯达克中美互联网老虎指数","BK4139":"生物科技","BK4122":"互联网与直销零售","BK4551":"寇图资本持仓","BK4509":"腾讯概念","NVAX":"诺瓦瓦克斯医药","SOGO":"搜狗",".SPX":"S&P 500 Index"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114212037","content_text":"12月23日，美股股指期货小幅走高，道指期货涨0.15%，纳指期货涨0.03%，标普500指数涨0.13%。\n\n京东盘前一度跌近10%，此前腾讯公布以实物分派京东之A类普通股之方式宣派中期股息。\n拼多多盘前跌超3%，腾讯“抛”完京东后，有分析人士指出，这或许会引起整个腾讯系的资金恐慌，包括快手、美团、拼多多，谁都有被减持的风险。\n诺瓦瓦克斯医药盘前涨超5%，此前数据显示其新冠疫苗对奥密克戎毒株有广泛的免疫反应。\n知乎盘前跌近5%，此前报道腾讯、搜狗退出知乎股东行列；知乎回应是上市后的标准操作。\n特斯拉盘前涨近1.5%，特斯拉CEO马斯克周三再出售93.4万特斯拉股票，累计卖出数已占其承诺出售的86.62%。","news_type":1,"symbols_score_info":{"JD":0.9,"09618":0.9,"NVAX":0.9,"PDD":0.9,".DJI":0.9,"QNETCN":0.9,"SOGO":0.9,"TSLA":0.9,".SPX":0.9,".IXIC":0.9,"ZH":0.9}},"isVote":1,"tweetType":1,"viewCount":885,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":691636468,"gmtCreate":1640181365970,"gmtModify":1640181367665,"author":{"id":"3581678664547146","authorId":"3581678664547146","name":"nelson21","avatar":"https://static.tigerbbs.com/f3bfb16048c75dbf023d98c18914333e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581678664547146","idStr":"3581678664547146"},"themes":[],"htmlText":"Pls 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like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/691636221","repostId":"2193194031","repostType":4,"isVote":1,"tweetType":1,"viewCount":1097,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"hots":[{"id":813244015,"gmtCreate":1630208517237,"gmtModify":1704957063553,"author":{"id":"3581678664547146","authorId":"3581678664547146","name":"nelson21","avatar":"https://static.tigerbbs.com/f3bfb16048c75dbf023d98c18914333e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581678664547146","authorIdStr":"3581678664547146"},"themes":[],"htmlText":"Pls like and comment","listText":"Pls like and comment","text":"Pls like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":12,"commentSize":5,"repostSize":0,"link":"https://laohu8.com/post/813244015","repostId":"1184130616","repostType":4,"repost":{"id":"1184130616","kind":"news","pubTimestamp":1630111537,"share":"https://www.laohu8.com/m/news/1184130616?lang=zh_CN&edition=full","pubTime":"2021-08-28 08:45","market":"us","language":"en","title":"Wall Street Crime And Punishment: Bernard Ebbers And WorldCom's Seriously Wrong Numbers<blockquote>华尔街罪与罚：伯纳德·埃伯斯和世通的严重错误数字</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1184130616","media":"Benzinga","summary":"Does crime pay?\nAmong the mightiest of the high-profile corporate executives that dominated the head","content":"<p><div> Does crime pay? Among the mightiest of the high-profile corporate executives that dominated the headlines in the 1990s and early 2000s,Bernard Ebbersphysically stood out from his peers — the 6-foot-4 ...</p><p><blockquote><div>犯罪有报酬吗？在20世纪90年代和21世纪初占据头条新闻的最有权势的高调企业高管中，伯纳德·埃伯斯从他的同龄人中脱颖而出——身高6英尺4英寸...</div></blockquote></p><p>  <a href=\"https://www.benzinga.com/news/21/08/22680432/wall-street-crime-and-punishment-bernard-ebbers-and-worldcoms-seriously-wrong-numbers\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.benzinga.com/news/21/08/22680432/wall-street-crime-and-punishment-bernard-ebbers-and-worldcoms-seriously-wrong-numbers\">网页连接</a></blockquote></p><p></p>","source":"lsy1606299360108","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wall Street Crime And Punishment: Bernard Ebbers And WorldCom's Seriously Wrong Numbers<blockquote>华尔街罪与罚：伯纳德·埃伯斯和世通的严重错误数字</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWall Street Crime And Punishment: Bernard Ebbers And WorldCom's Seriously Wrong Numbers<blockquote>华尔街罪与罚：伯纳德·埃伯斯和世通的严重错误数字</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Benzinga</strong><span class=\"h-time small\">2021-08-28 08:45</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> Does crime pay? Among the mightiest of the high-profile corporate executives that dominated the headlines in the 1990s and early 2000s,Bernard Ebbersphysically stood out from his peers — the 6-foot-4 ...</p><p><blockquote><div>犯罪有报酬吗？在20世纪90年代和21世纪初占据头条新闻的最有权势的高调企业高管中，伯纳德·埃伯斯从他的同龄人中脱颖而出——身高6英尺4英寸...</div></blockquote></p><p>  <a href=\"https://www.benzinga.com/news/21/08/22680432/wall-street-crime-and-punishment-bernard-ebbers-and-worldcoms-seriously-wrong-numbers\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.benzinga.com/news/21/08/22680432/wall-street-crime-and-punishment-bernard-ebbers-and-worldcoms-seriously-wrong-numbers\">网页连接</a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.benzinga.com/news/21/08/22680432/wall-street-crime-and-punishment-bernard-ebbers-and-worldcoms-seriously-wrong-numbers\">Benzinga</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HRB":"H&R布洛克税务"},"source_url":"https://www.benzinga.com/news/21/08/22680432/wall-street-crime-and-punishment-bernard-ebbers-and-worldcoms-seriously-wrong-numbers","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1184130616","content_text":"Does crime pay?\nAmong the mightiest of the high-profile corporate executives that dominated the headlines in the 1990s and early 2000s,Bernard Ebbersphysically stood out from his peers — the 6-foot-4 head of WorldCom was dubbed the “telecom cowboy” thanks to his sartorial preference for jeans, cowboy boots and a 10-gallon hat.\nEbbers also stood out from his peers for tightly holding on to Luddite practices as the digital age dawned. He famously refused to communicate with his workforce via email. Even worse, he stood out thanks to a prickly personality that quickly seethed when confronted with unpleasant news. A 2002 profile in The Economist defined him as “parochial, stubborn, preoccupied with penny-pinching … a difficult man to work for.”\nBut ultimately, Ebbers stood out for being at the center of what was (at the time) the largest accounting fraud in U.S. history, which was followed by the harshest prison sentence ever imposed on a corporate executive for financial crimes.\nA Man In Search Of Himself: Bernard John Ebbers was born Aug. 27, 1941, in Edmonton, Alberta, the second of five children. His father John was a traveling salesman and his peripatetic profession brought the family down from Canada into California, where he jettisoned his sales work and became an auto mechanic. The family later relocated to Gallup, New Mexico, where Ebbers’ parents became teachers on the Navajo Nation Indian reservation.\nThe Ebbers clan was back in Canada when Ebbers was a teenager and Bernie (as he was commonly known) came into adulthood unable to determine a course for his life. He attended Canada’s University of Alberta and Michigan’s Calvin College before accepting a basketball scholarship to Mississippi College. But he was the victim of a robbery prior to his senior year that left him seriously injured and switched his attention from playing to coaching the junior varsity team.\nEbbers graduated in 1967 majoring in physical education and minoring in secondary education. He supported himself during his college years by taking on a variety of odd jobs including a bouncer and milk delivery driver. He married his college sweetheart,Linda Pigott,after graduating and landed work teaching science to middle-school students while coaching high school basketball.\nBut Ebbers didn’t stay very long in the school system. When his wife received a job offer as a teacher in another Mississippi town, the couple relocated and he found work managing a garment factory warehouse. By 1974, he tired of working for others and responded to a newspaper advertisement seeking a buyer for a motel in Columbia, Mississippi.\nEbbers’ approach to running a hospitality establishment sometimes bordered on the eccentric. He would distribute bathroom towels at the front desk and require guests to return them to avoid being charged for taking them. Nonetheless, he found a niche in hospitality management and by the early 1980s he owned and operated eight motels within Mississippi and Texas; he also picked up a car dealership that also proved profitable.\nCalling Out Around The World:Ebbers might have remained in the Mississippi hospitality industry had it not been for the 1982 breakup ofAT&T Inc.'s T 0.41%monopoly on the U.S. telephone system. This created a seismic shift in the telecommunications world by enabling other companies to begin reselling long-distance telephone services.\nIn 1983, Ebbers and three friends met at a diner in Hattiesburg, Mississippi, to consider the feasibility of pursuing this newly opened opportunity. Ebbers theorized that having control of his long-distance calling services could benefit his motel business. In the days before mobile phones, guests in lodging establishments in need of long-distance calling would either have to feed handfuls of quarters into payphones or make calls from their rooms, which usually came with extra fees.\nEbbers and his pals decided to get into the telecommunications business with Long Distance Discount Services, which they established in 1985 with headquarters in Jackson, Mississippi, with Ebbers as CEO.\nCarl J. Aycock,a Mississippi financial advisor who was among the early investors in LDDS, would later laugh at the unlikelihood of Ebbers running a telecom company.\n“The only experience Bernie had before operating a long-distance company was he used the phone,” Aycock quipped in a 1997 interview.\nMaybe Ebbers did not possess an encyclopedic knowledge of telecommunications technology, but the good fortune he enjoyed in the motel business transitioned to this unlikely setting. Within four years of its launch, LDDS was being publicly traded.\nWithin 10 years of its opening, LDDS took on an almost Pac Man-style persona of gobbling up telecom firms in sight of the company, acquiring more than 60 different telecommunications company. By 1995, the company renamed itself LDDS WorldCom.\nMany of the company’s acquisitions were on the small side, and the company was never considered a major player in the telecom industry until its $720 million acquisition of Advanced Telecommunications Corporation in 1992.\nThe unlikely acquisition came with Ebbers’ ability to outbid industry titans AT&T and Sprint Corporation,both considerably larger players in this field.\nThe one unfortunate development during this time was the end of Ebbers’ marriage in 1997. He remarried in 1999 to Kristie Webb.\nIn February 1998, Ebbers’ company launched its acquisition plans for CompuServe from H&R Block Inc.\nThis transaction was followed by an astonishing spin of assets: LDDS sold the CompuServe Information Service portion of its acquisition toAmerica Online,while retaining the CompuServe Network Services portion of the business. AOL simultaneously sold LDDS WorldCom its networking division, Advanced Network Services.\nIn September 1998, LDDS WorldCom sealed a $37 billion union with MCI Communications,which created the largest corporate merger in U.S. history. The combined entity became MCI WorldCom, and for Ebbers it seemed that the sky was the limit — except that Ebbers’ ability to soar in the corporate skies resulted in an Icarus-worthy predicament.\nA Little Out Of Touch:One year after the CompuServe and MCI deals, Ebbers’ company boasted an 80,000-person workforce, a market capitalization of roughly $185 billion and its shares were trading at a peak of nearly $62.\nAt the peak of the company’s success, Ebbers granted an interview to The New York Times aboard his 130-yacht, which he berthed in the resort town of Hilton Head, South Carolina. He claimed that the secret of his success was “not as complicated as people make it out to be,” adding that he surrounded himself with experts who advised him on which moves to make.\n“I’m not an engineer by training,” he said. “I’m not an accountant by training. I’m the coach. I’m not the point guard who shoots the ball.”\nBut as the company grew larger, Ebbers penny-pinching behavior during his early motel management days became more extreme. WorldCom executives would later complain that Ebbers stopped providing free coffee within their offices and directed security guards fill the water coolers with tap water.\nAnd for the head of a telecommunications company, Ebbers was curiously distrustful of cutting-edge tech developments. He refused to communicate via email and would not carry a pager or a cell phone. He would explain his actions internally by repeating “That’s the way we did it at LDDS,” and in a 1997 Business Week interview about this behavior he claimed that “when you come to the table with a (physical education) degree like I do, you don't know a lot about the technical stuff.”\nWhile Ebbers’ arms-length distance from personal technology could have been attributed to a zany quirk, there was another problem that couldn’t be happily shrugged away. As the company expanded, operational problems began to permeate the multiple divisions. Ebbers would become impatient or worse when confronted with problems, to the point that he would angrily demand that he only wanted to be addressed with good news.\nIn retrospect, Ebbers’ refusal to acknowledge that his company was growing too fast and too large proved to be a fatal flaw, especially when the corporate culture began to manufacture good news in lieu of reporting problems. As a result, Ebbers’ XL-sized business empire was sustained by taking on massive amounts of debt and highly improper accounting.\nDetour Off The Cliff:The first cracks in this corporate story began in October 1999 when MCI WorldCom — which had become the second-largest long-distance telephone company in the country — announced a $129 billion merger with Sprint, the third-largest telecom carrier. Within nine months of this announcement, the merger was canceled in the face of pressure from U.S. and European regulators who feared a telecom monopoly would be born from this union. MCI WorldCom walked away from the failure by renaming itself as WorldCom.\nWith the rise of the new millennium came the fall of the dot-com industry, and almost any company that had a tech-related aspect found itself taking a financial tumble. When Ebbers’ company tried to cut corners and save money, it turned into an act of self-immolation.\nWorldcom’s network systems engineering division exhausted its annual capital expenditures budget by November 2000, with a senior manager ordering a halt to processing payments for network systems vendors and suppliers until the beginning of 2001.\nThe company’s chief technical officer,Fred Briggs,then ordered all of the labor associated with the capital projects in the network systems division to be booked as an expense rather than a capital project — and his directive was shared with other divisions in the company.\nA WorldCom budget analyst named Kim Amighin the company’s Richardson, Texas, office recognized the legal ramifications of intentionally mischaracterizing capital expenses and lodged a protest against the order. The directive was canceled and so was Amigh — three months after his action, Amigh was abruptly laid off from the company.\nBut Vice President of Internal Audit Cynthia Cooper learned of Amigh’s findings and picked up his trail. Her department began combing through WorldCom’s accounts and found $2 billion that the company claimed in its public filings was spent on capital expenditures during the first three quarters of 2001 — except that the funds were never authorized for that purpose and were clearly operating costs moved into the capital expenditure accounting as a way to make WorldCom look more profitable.\nCooper could not find anyone in the WorldCom leadership ranks to explain the $2 billion discrepancy. Most executives said it was a “prepaid capacity,” a meaningless term which they couldn’t define when pressed by Cooper.\nAnd Cooper was not alone in her suspicions. The U.S. Securities and Exchange Commission could not fathom how WorldCom continued to claim robust profits during the dot-com period while its competitors were operating at a loss, and it sent forth a “Request for Information” to learn the secret of its success.\nAdding to this chaos were Ebbers’ personal financial woes, which became exacerbated during to dot-com crisis by margin calls on his WorldCom shares, which were tanking as the economy plummeted into a recession.\nTo alleviate his monetary pain, Ebbers borrowed $50 million from WorldCom in September 2000 — and then borrowed again and again. By April 2002, Ebbers was $400 million in debt to WorldCom and the board of directors demanded his resignation, which he provided.\nIn June 2002, WorldCom acknowledged its earnings reports contained $3.9 billion in accounting misstatements, with the figure later adjusted to $11 billion. In July 2002, the company declared bankruptcy and was delisted from public trading. Also during that month, Ebbers was called before the U.S. House of Representatives Committee on Financial Services to explain what happened. He pleaded the Fifth Amendment.\nRoad’s End:The efforts to bring Ebbers to trial got off to a weird start when the State of Oklahoma jumped the gun with a 15-count indictment, only to drop its charges in favor of federal prosecution.\nEbbers was indicted in May 2004 on seven counts of filing false statements with securities regulators plus one count each of conspiracy and securities fraud. Ebbers agreed to testify on his behalf, which many observers later considered to be a major mistake because he came across as evasive and unconvincing when insisting WorldCom’s downfall was solely the fault of his subordinates and that he was ignorant about how his company worked.\n“I know what I don’t know,” Ebbers said during his trial. “To this day, I don’t know technology, and I don’t know finance or accounting.”\nEbbers was found guilty on all counts and was sentenced to 25 years in prison, the longest sentence ever handed down in U.S. history for a financial fraud case against a corporate executive.\nHe remained free on bail while fighting to overturn the verdict, but the conviction was upheld in the U.S. Court of Appeals for the Second Circuit in July 2006. Two months later, he drove himself in his luxury Mercedes-Benz to a low-security Louisiana prison to begin his sentence. Two years later, his wife Kristie successfully filed for divorce.\nAfter 13 years behind bars, Ebbers was granted a compassionate release on Dec. 21, 2019, due to a deteriorating state of health that included macular degeneration that left him legally blind, anemia, a weakened heart condition and the beginnings of dementia. He returned to his home in Brookhaven, Mississippi, and passed away on Feb. 2, 2020.\nIn defining his rise to the top, Ebbers harkened back to his basketball days by insisting, “The coach's job is to get the best players and get them to play together.” But in explaining his fall from grace, Ebbers forgot that the core of coaching is accepting responsibility for the team’s performance and he blamed his “best players” for not being able to “play together” while absolving himself from their errors.\nSaid Ebbers when confronted with his ultimate failure as the corporate equivalent of a coach: “I didn't have anything to apologize for.”","news_type":1,"symbols_score_info":{"HRB":0.9}},"isVote":1,"tweetType":1,"viewCount":445,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":873676870,"gmtCreate":1636942239340,"gmtModify":1636942239518,"author":{"id":"3581678664547146","authorId":"3581678664547146","name":"nelson21","avatar":"https://static.tigerbbs.com/f3bfb16048c75dbf023d98c18914333e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581678664547146","authorIdStr":"3581678664547146"},"themes":[],"htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":13,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/873676870","repostId":"1190947309","repostType":4,"repost":{"id":"1190947309","kind":"news","pubTimestamp":1636941551,"share":"https://www.laohu8.com/m/news/1190947309?lang=zh_CN&edition=full","pubTime":"2021-11-15 09:59","market":"sh","language":"en","title":"Beijing Stock Exchange kicks off trading with mixed performance<blockquote>北交所开市交易表现不一</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1190947309","media":"Reuters","summary":"SHANGHAI, Nov 15 (Reuters) - China’s Beijing Stock Exchange kicked off trading on Monday, with perfo","content":"<p>SHANGHAI, Nov 15 (Reuters) - China’s Beijing Stock Exchange kicked off trading on Monday, with performance of the first batch of 81 stocks mixed.</p><p><blockquote>路透上海11月15日-中国北京证券交易所周一开市，首批81只股票表现好坏参半。</blockquote></p><p> Ten stocks that recently conducted initial public offerings on the bourse surged, with the top gainer rising more than 500% in early trading.</p><p><blockquote>近期在交易所进行首次公开募股的十只股票大涨，涨幅居前的早盘涨幅超过500%。</blockquote></p><p> The other 71 stocks that were transferred from the “Select Tier” of the “New Third Board” were more muted.</p><p><blockquote>其他71只从“新三板”“精选层”调出的个股则更为低调。</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>Beijing Stock Exchange kicks off trading with mixed performance<blockquote>北交所开市交易表现不一</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\">\nBeijing Stock Exchange kicks off trading with mixed performance<blockquote>北交所开市交易表现不一</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Reuters</strong><span class=\"h-time small\">2021-11-15 09:59</span>\n</p>\n</h4>\n</header>\n<article>\n<p>SHANGHAI, Nov 15 (Reuters) - China’s Beijing Stock Exchange kicked off trading on Monday, with performance of the first batch of 81 stocks mixed.</p><p><blockquote>路透上海11月15日-中国北京证券交易所周一开市，首批81只股票表现好坏参半。</blockquote></p><p> Ten stocks that recently conducted initial public offerings on the bourse surged, with the top gainer rising more than 500% in early trading.</p><p><blockquote>近期在交易所进行首次公开募股的十只股票大涨，涨幅居前的早盘涨幅超过500%。</blockquote></p><p> The other 71 stocks that were transferred from the “Select Tier” of the “New Third Board” were more muted.</p><p><blockquote>其他71只从“新三板”“精选层”调出的个股则更为低调。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.reuters.com/article/china-exchange-trading/beijing-stock-exchange-kicks-off-trading-with-mixed-performance-idUSB9N2QO011\">Reuters</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"000001.SH":"上证指数"},"source_url":"https://www.reuters.com/article/china-exchange-trading/beijing-stock-exchange-kicks-off-trading-with-mixed-performance-idUSB9N2QO011","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1190947309","content_text":"SHANGHAI, Nov 15 (Reuters) - China’s Beijing Stock Exchange kicked off trading on Monday, with performance of the first batch of 81 stocks mixed.\nTen stocks that recently conducted initial public offerings on the bourse surged, with the top gainer rising more than 500% in early trading.\nThe other 71 stocks that were transferred from the “Select Tier” of the “New Third Board” were more muted.","news_type":1,"symbols_score_info":{"000001.SH":0.9}},"isVote":1,"tweetType":1,"viewCount":486,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":600812358,"gmtCreate":1638121837630,"gmtModify":1638121837785,"author":{"id":"3581678664547146","authorId":"3581678664547146","name":"nelson21","avatar":"https://static.tigerbbs.com/f3bfb16048c75dbf023d98c18914333e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581678664547146","authorIdStr":"3581678664547146"},"themes":[],"htmlText":"Pls like","listText":"Pls like","text":"Pls like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":12,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/600812358","repostId":"2186432895","repostType":4,"isVote":1,"tweetType":1,"viewCount":781,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":850571453,"gmtCreate":1634611899007,"gmtModify":1634611899416,"author":{"id":"3581678664547146","authorId":"3581678664547146","name":"nelson21","avatar":"https://static.tigerbbs.com/f3bfb16048c75dbf023d98c18914333e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581678664547146","authorIdStr":"3581678664547146"},"themes":[],"htmlText":"Pls like","listText":"Pls like","text":"Pls like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":5,"repostSize":0,"link":"https://laohu8.com/post/850571453","repostId":"2176120817","repostType":4,"isVote":1,"tweetType":1,"viewCount":460,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":819351113,"gmtCreate":1630036865032,"gmtModify":1704954989900,"author":{"id":"3581678664547146","authorId":"3581678664547146","name":"nelson21","avatar":"https://static.tigerbbs.com/f3bfb16048c75dbf023d98c18914333e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581678664547146","authorIdStr":"3581678664547146"},"themes":[],"htmlText":"Pls like and comment","listText":"Pls like and comment","text":"Pls like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":12,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/819351113","repostId":"1190762172","repostType":4,"isVote":1,"tweetType":1,"viewCount":515,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":114611998,"gmtCreate":1623072061414,"gmtModify":1634037291661,"author":{"id":"3581678664547146","authorId":"3581678664547146","name":"nelson21","avatar":"https://static.tigerbbs.com/f3bfb16048c75dbf023d98c18914333e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581678664547146","authorIdStr":"3581678664547146"},"themes":[],"htmlText":"Pls like and comment&nbsp;","listText":"Pls like and comment&nbsp;","text":"Pls like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":7,"repostSize":0,"link":"https://laohu8.com/post/114611998","repostId":"1122556332","repostType":4,"isVote":1,"tweetType":1,"viewCount":456,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":699501323,"gmtCreate":1639828997063,"gmtModify":1639828997457,"author":{"id":"3581678664547146","authorId":"3581678664547146","name":"nelson21","avatar":"https://static.tigerbbs.com/f3bfb16048c75dbf023d98c18914333e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581678664547146","authorIdStr":"3581678664547146"},"themes":[],"htmlText":"Pls like","listText":"Pls like","text":"Pls like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":11,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/699501323","repostId":"2192754259","repostType":4,"isVote":1,"tweetType":1,"viewCount":433,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":880161925,"gmtCreate":1631025597867,"gmtModify":1632904496843,"author":{"id":"3581678664547146","authorId":"3581678664547146","name":"nelson21","avatar":"https://static.tigerbbs.com/f3bfb16048c75dbf023d98c18914333e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581678664547146","authorIdStr":"3581678664547146"},"themes":[],"htmlText":"Pls like and comment","listText":"Pls like and comment","text":"Pls like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/880161925","repostId":"1126153718","repostType":4,"repost":{"id":"1126153718","kind":"news","pubTimestamp":1631025174,"share":"https://www.laohu8.com/m/news/1126153718?lang=zh_CN&edition=full","pubTime":"2021-09-07 22:32","market":"us","language":"en","title":"Why AMC Stock Soared Almost 30% in August<blockquote>为什么AMC股价8月份飙升近30%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1126153718","media":"Motley Fool","summary":"AMC jumped 7% in early trading Tuesday.\n\n\nThe meme stock may have gotten bids from investors actuall","content":"<p>AMC&nbsp;jumped&nbsp;7%&nbsp;in early trading&nbsp;Tuesday.</p><p><blockquote>AMC周二早盘上涨7%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/6b12c5f8f21e4c20fa9058564405114f\" tg-width=\"985\" tg-height=\"517\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p>   <b>The meme stock may have gotten bids from investors actually looking at the business itself.</b>  <b>Key Points</b></p><p><blockquote><b>meme股票可能已经收到了真正关注业务本身的投资者的出价。</b><b>要点</b></blockquote></p><p> <ul>  <li>A record-breaking Labor Day weekend theater-only movie release gives shareholders a new reason for hope.</li> </ul> <b>What happened</b></p><p><blockquote><ul><li>破纪录的劳动节周末影院上映电影给了股东新的希望理由。</li></ul><b>发生了什么</b></blockquote></p><p> Meme stocks like<b>AMC Entertainment</b>(NYSE:AMC)have had quite a ride since the retail trading crowd initially drove share prices up earlier this year. After realizing exponential gains, AMC shares tumbled 40% from mid-June to late July as investors began questioning whether the delta variant would reverse progress in reopening the economy. But AMC shares regained those losses in August, rising 27.3%, according to data provided byS&amp;P Global Market Intelligence.</p><p><blockquote>模因股票如<b>AMC院线</b>自今年早些时候散户交易人群最初推动股价上涨以来，（纽约证券交易所股票代码：AMC）经历了相当大的上涨。在实现指数级上涨后，AMC股价从6月中旬到7月底暴跌40%，因为投资者开始质疑德尔塔变异毒株是否会逆转重新开放经济的进展。但根据标准普尔全球市场情报提供的数据，AMC股价在8月份收复了失地，上涨了27.3%。</blockquote></p><p> <b>So what</b></p><p><blockquote><b>那又怎样</b></blockquote></p><p> AMC CEO Adam Aron has said that 80% of the company's shareholder base is now made up of retail investors. And Aron has worked to engage with those investors on social media and through the business itself.</p><p><blockquote>AMC首席执行官Adam Aron表示，该公司80%的股东现在由散户投资者组成。阿伦一直致力于通过社交媒体和企业本身与这些投资者接触。</blockquote></p><p> The company has launched AMC Investor Connect, which gives shareholders exclusive offers for screenings and other perks. The company calls the program \"an innovative, proactive communication initiative that will put AMC in direct communication with its extraordinary base of enthusiastic and passionate individual shareholders.\"</p><p><blockquote>该公司推出了AMC Investor Connect，为股东提供独家放映和其他福利。该公司评级该计划是“一项创新、积极主动的沟通举措，将使AMC与其热情和热情的个人股东的非凡基础进行直接沟通。”</blockquote></p><p> <b>Now what</b></p><p><blockquote><b>现在怎么办</b></blockquote></p><p> AMC has also taken advantage of the higher share price to raise needed capital as it struggles to get its business back on track. But that has also burdened the company with $5.5 billion in debt as the movie business struggles to attract theatergoers at the same time that production companies are releasing some movies on streaming services along with theaters.</p><p><blockquote>AMC还利用股价上涨的机会筹集了所需的资金，因为它正在努力让业务重回正轨。但这也给该公司带来了55亿美元的债务负担，因为电影业务难以吸引影院观众，而制作公司正在与影院一起通过流媒体服务发行一些电影。</blockquote></p><p> Retail traders have now given AMC amarket capof about $23 billion. That's a lofty valuation as the company continues to report losses, including $344 million in the second quarter ended June 30. The company also had negative free cash flow of over $250 million in the period.</p><p><blockquote>散户交易员现已向AMC amarket提供约230亿美元的capof。这是一个很高的估值，因为该公司继续报告亏损，包括截至6月30日的第二季度亏损3.44亿美元。该公司在此期间的自由现金流也为负，超过2.5亿美元。</blockquote></p><p> But since that financial report was released on Aug. 9, shares are up 33%. That highlights the disconnect between the current underlying business and the company's valuation. But the meme stock crowd seems to dismiss a connection between the two. Barring a significant pivot in its business strategy, AMC needs movies and customers to head back to theaters.</p><p><blockquote>但自8月9日财务报告发布以来，股价已上涨33%。这凸显了当前基础业务与公司估值之间的脱节。但迷因股票人群似乎否认了两者之间的联系。除非其业务战略发生重大转变，否则AMC需要电影和顾客重返影院。</blockquote></p><p> The recent Labor Day weekend may have also given shareholders new hope that the demise of the movie theater business is premature.<b>Walt Disney</b>'s<i>Shang-Chi&nbsp;and the Legend of the Ten Rings</i>was released only in theaters, and it smashed the prior record for the four-day weekend with $90 million in ticket sales in the U.S. and Canada. So maybe believers in AMC are right that the business can recover. But it has a long way to go to justify any valuation close to where it currently stands.</p><p><blockquote>最近的劳动节周末可能也给了股东新的希望，即电影院业务的消亡为时过早。<b>迪斯尼</b>的<i>尚气与十环传说</i>该片仅在影院上映，在美国和加拿大以9000万美元的票房打破了此前四天周末的纪录。因此，也许AMC的信徒认为业务可以复苏是正确的。但要证明接近目前水平的估值是合理的，还有很长的路要走。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why AMC Stock Soared Almost 30% in August<blockquote>为什么AMC股价8月份飙升近30%</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy AMC Stock Soared Almost 30% in August<blockquote>为什么AMC股价8月份飙升近30%</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\">2021-09-07 22:32</span>\n</p>\n</h4>\n</header>\n<article>\n<p>AMC&nbsp;jumped&nbsp;7%&nbsp;in early trading&nbsp;Tuesday.</p><p><blockquote>AMC周二早盘上涨7%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/6b12c5f8f21e4c20fa9058564405114f\" tg-width=\"985\" tg-height=\"517\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p>   <b>The meme stock may have gotten bids from investors actually looking at the business itself.</b>  <b>Key Points</b></p><p><blockquote><b>meme股票可能已经收到了真正关注业务本身的投资者的出价。</b><b>要点</b></blockquote></p><p> <ul>  <li>A record-breaking Labor Day weekend theater-only movie release gives shareholders a new reason for hope.</li> </ul> <b>What happened</b></p><p><blockquote><ul><li>破纪录的劳动节周末影院上映电影给了股东新的希望理由。</li></ul><b>发生了什么</b></blockquote></p><p> Meme stocks like<b>AMC Entertainment</b>(NYSE:AMC)have had quite a ride since the retail trading crowd initially drove share prices up earlier this year. After realizing exponential gains, AMC shares tumbled 40% from mid-June to late July as investors began questioning whether the delta variant would reverse progress in reopening the economy. But AMC shares regained those losses in August, rising 27.3%, according to data provided byS&amp;P Global Market Intelligence.</p><p><blockquote>模因股票如<b>AMC院线</b>自今年早些时候散户交易人群最初推动股价上涨以来，（纽约证券交易所股票代码：AMC）经历了相当大的上涨。在实现指数级上涨后，AMC股价从6月中旬到7月底暴跌40%，因为投资者开始质疑德尔塔变异毒株是否会逆转重新开放经济的进展。但根据标准普尔全球市场情报提供的数据，AMC股价在8月份收复了失地，上涨了27.3%。</blockquote></p><p> <b>So what</b></p><p><blockquote><b>那又怎样</b></blockquote></p><p> AMC CEO Adam Aron has said that 80% of the company's shareholder base is now made up of retail investors. And Aron has worked to engage with those investors on social media and through the business itself.</p><p><blockquote>AMC首席执行官Adam Aron表示，该公司80%的股东现在由散户投资者组成。阿伦一直致力于通过社交媒体和企业本身与这些投资者接触。</blockquote></p><p> The company has launched AMC Investor Connect, which gives shareholders exclusive offers for screenings and other perks. The company calls the program \"an innovative, proactive communication initiative that will put AMC in direct communication with its extraordinary base of enthusiastic and passionate individual shareholders.\"</p><p><blockquote>该公司推出了AMC Investor Connect，为股东提供独家放映和其他福利。该公司评级该计划是“一项创新、积极主动的沟通举措，将使AMC与其热情和热情的个人股东的非凡基础进行直接沟通。”</blockquote></p><p> <b>Now what</b></p><p><blockquote><b>现在怎么办</b></blockquote></p><p> AMC has also taken advantage of the higher share price to raise needed capital as it struggles to get its business back on track. But that has also burdened the company with $5.5 billion in debt as the movie business struggles to attract theatergoers at the same time that production companies are releasing some movies on streaming services along with theaters.</p><p><blockquote>AMC还利用股价上涨的机会筹集了所需的资金，因为它正在努力让业务重回正轨。但这也给该公司带来了55亿美元的债务负担，因为电影业务难以吸引影院观众，而制作公司正在与影院一起通过流媒体服务发行一些电影。</blockquote></p><p> Retail traders have now given AMC amarket capof about $23 billion. That's a lofty valuation as the company continues to report losses, including $344 million in the second quarter ended June 30. The company also had negative free cash flow of over $250 million in the period.</p><p><blockquote>散户交易员现已向AMC amarket提供约230亿美元的capof。这是一个很高的估值，因为该公司继续报告亏损，包括截至6月30日的第二季度亏损3.44亿美元。该公司在此期间的自由现金流也为负，超过2.5亿美元。</blockquote></p><p> But since that financial report was released on Aug. 9, shares are up 33%. That highlights the disconnect between the current underlying business and the company's valuation. But the meme stock crowd seems to dismiss a connection between the two. Barring a significant pivot in its business strategy, AMC needs movies and customers to head back to theaters.</p><p><blockquote>但自8月9日财务报告发布以来，股价已上涨33%。这凸显了当前基础业务与公司估值之间的脱节。但迷因股票人群似乎否认了两者之间的联系。除非其业务战略发生重大转变，否则AMC需要电影和顾客重返影院。</blockquote></p><p> The recent Labor Day weekend may have also given shareholders new hope that the demise of the movie theater business is premature.<b>Walt Disney</b>'s<i>Shang-Chi&nbsp;and the Legend of the Ten Rings</i>was released only in theaters, and it smashed the prior record for the four-day weekend with $90 million in ticket sales in the U.S. and Canada. So maybe believers in AMC are right that the business can recover. But it has a long way to go to justify any valuation close to where it currently stands.</p><p><blockquote>最近的劳动节周末可能也给了股东新的希望，即电影院业务的消亡为时过早。<b>迪斯尼</b>的<i>尚气与十环传说</i>该片仅在影院上映，在美国和加拿大以9000万美元的票房打破了此前四天周末的纪录。因此，也许AMC的信徒认为业务可以复苏是正确的。但要证明接近目前水平的估值是合理的，还有很长的路要走。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/09/07/why-amc-stock-soared-almost-30-in-august/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article\">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":{"AMC":"AMC院线"},"source_url":"https://www.fool.com/investing/2021/09/07/why-amc-stock-soared-almost-30-in-august/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1126153718","content_text":"AMC jumped 7% in early trading Tuesday.\n\n\nThe meme stock may have gotten bids from investors actually looking at the business itself.\n\nKey Points\n\nA record-breaking Labor Day weekend theater-only movie release gives shareholders a new reason for hope.\n\nWhat happened\nMeme stocks likeAMC Entertainment(NYSE:AMC)have had quite a ride since the retail trading crowd initially drove share prices up earlier this year. After realizing exponential gains, AMC shares tumbled 40% from mid-June to late July as investors began questioning whether the delta variant would reverse progress in reopening the economy. But AMC shares regained those losses in August, rising 27.3%, according to data provided byS&P Global Market Intelligence.\nSo what\nAMC CEO Adam Aron has said that 80% of the company's shareholder base is now made up of retail investors. And Aron has worked to engage with those investors on social media and through the business itself.\nThe company has launched AMC Investor Connect, which gives shareholders exclusive offers for screenings and other perks. The company calls the program \"an innovative, proactive communication initiative that will put AMC in direct communication with its extraordinary base of enthusiastic and passionate individual shareholders.\"\nNow what\nAMC has also taken advantage of the higher share price to raise needed capital as it struggles to get its business back on track. But that has also burdened the company with $5.5 billion in debt as the movie business struggles to attract theatergoers at the same time that production companies are releasing some movies on streaming services along with theaters.\nRetail traders have now given AMC amarket capof about $23 billion. That's a lofty valuation as the company continues to report losses, including $344 million in the second quarter ended June 30. The company also had negative free cash flow of over $250 million in the period.\nBut since that financial report was released on Aug. 9, shares are up 33%. That highlights the disconnect between the current underlying business and the company's valuation. But the meme stock crowd seems to dismiss a connection between the two. Barring a significant pivot in its business strategy, AMC needs movies and customers to head back to theaters.\nThe recent Labor Day weekend may have also given shareholders new hope that the demise of the movie theater business is premature.Walt Disney'sShang-Chi and the Legend of the Ten Ringswas released only in theaters, and it smashed the prior record for the four-day weekend with $90 million in ticket sales in the U.S. and Canada. So maybe believers in AMC are right that the business can recover. But it has a long way to go to justify any valuation close to where it currently stands.","news_type":1,"symbols_score_info":{"AMC":0.9}},"isVote":1,"tweetType":1,"viewCount":420,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":818499777,"gmtCreate":1630423466999,"gmtModify":1633678153931,"author":{"id":"3581678664547146","authorId":"3581678664547146","name":"nelson21","avatar":"https://static.tigerbbs.com/f3bfb16048c75dbf023d98c18914333e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581678664547146","authorIdStr":"3581678664547146"},"themes":[],"htmlText":"Pls like and comment","listText":"Pls like and comment","text":"Pls like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/818499777","repostId":"1198196473","repostType":4,"isVote":1,"tweetType":1,"viewCount":387,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":605589783,"gmtCreate":1639190312564,"gmtModify":1639190312940,"author":{"id":"3581678664547146","authorId":"3581678664547146","name":"nelson21","avatar":"https://static.tigerbbs.com/f3bfb16048c75dbf023d98c18914333e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581678664547146","authorIdStr":"3581678664547146"},"themes":[],"htmlText":"Pls like","listText":"Pls like","text":"Pls like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":12,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/605589783","repostId":"2190675480","repostType":4,"isVote":1,"tweetType":1,"viewCount":356,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"lives":[]}