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2021-05-15

Wow

What Disney, Airbnb and DoorDash results reveal about the post-pandemic economy<blockquote>迪士尼、爱彼迎和 DoorDash 的业绩揭示了大流行后的经济</blockquote>

2021-08-05

Haha..

Grab Is Growing Fast But The Valuation Is Too High<blockquote>Grab增长迅速，但估值过高</blockquote>

2021-07-29

Yeh...

Stock-market investors are ‘staring down the barrel of seasonal weakness for next 3 months’<blockquote>股市投资者“将目光投向未来三个月的季节性疲软”</blockquote>

2021-06-28

👍😁

抱歉，原内容已删除

2021-07-13

Wow

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2021-06-19

Good

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2021-05-29

Wow

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2021-06-23

Wow

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2021-06-30

Wow

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2021-06-18

Wow

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Investors wan","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Grab is set to merge with SPAC Altimeter Growth Corp. by the end of the year. Investors wanting to invest in the company can do so by buying the SPAC shares now.</li>  <li>The company is valued at ~$45 billion, which we believe is way too generous.</li>  <li>It is still worth watching given the fact that it is the biggest super app in South East Asia and it offers a multitude of services.</li>  <li>Economic growth in South East Asia is expected to be robust, with annual growth estimated at 4.9% per year.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ed14131a10fe9b0fe4ffdc2d166eedfc\" tg-width=\"1536\" tg-height=\"1024\" width=\"100%\" height=\"auto\"><span>bankkgraphy/iStock via Getty Images</span></p><p><blockquote><ul><li>Grab 将于今年年底与 SPAC Altimeter Growth Corp. 合并。想要投资该公司的投资者可以立即购买 SPAC 股票。</li><li>该公司估值约为 450 亿美元，我们认为这太过慷慨了。</li><li>鉴于它是东南亚最大的超级应用程序，并且提供多种服务，它仍然值得一看。</li><li>东南亚的经济增长预计将强劲，年增长率估计为4.9%。</li></ul><p class=\"t-img-caption\"><span>bankkgraphy/iStock 来自 Getty Images</span></p></blockquote></p><p> Grab is the number one super app in Southeast Asia, investors not familiar with it can think of it as merging Uber with a banking app. Its services include mobility, package deliveries, food deliveries, and financial services. The company is still private but it is set to combine with SPAC Altimeter Growth Corp (AGC) by the end of the year.</p><p><blockquote>Grab是东南亚排名第一的超级应用，不熟悉它的投资者可以将其视为将优步与银行应用合并。其服务包括移动、包裹递送、食品递送和金融服务。该公司仍然是私营企业，但将在今年年底前与 SPAC Altimeter Growth Corp (AGC) 合并。</blockquote></p><p> So what is a super app? Grab imagines customers can use the app for many of their daily needs, from ordering a ride to ordering food, or even booking a hotel.</p><p><blockquote>那么什么是超级app呢？Grab设想客户可以使用该应用程序满足他们的许多日常需求，从叫车到订餐，甚至预订酒店。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/053fd9283dc37b6e74500543dc4cda48\" tg-width=\"640\" tg-height=\"298\" width=\"100%\" height=\"auto\"><span>Source: Grab Investor Presentation</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Grab 投资者演示</span></p></blockquote></p><p> Such ubiquity and number of service offerings has resulted in enormous growth for the app, reaching a Gross Merchandise Value (GMV) on its platform of $12.5 billion in 2020. Its net adjusted revenue reaching $1.6 billion, thanks to 1.9 billion transactions, making the app the number one in the region for deliveries, mobility, and financial services.</p><p><blockquote>这种无处不在和服务产品的数量导致了该应用程序的巨大增长，到2020年，其平台上的商品总价值（GMV）将达到125亿美元。得益于 19 亿笔交易，其调整后净收入达到 16 亿美元，使该应用成为该地区送货、移动和金融服务领域的第一大应用。</blockquote></p><p> This gives the platform significant scale, with year 2020 GMV of $5.5 billion for food deliveries, $3.2 billion for mobility, and $8.9 billion for financial services.</p><p><blockquote>这使得该平台具有巨大的规模，2020年食品配送的GMV为55亿美元，移动为32亿美元，金融服务为89亿美元。</blockquote></p><p> Such ubiquity and number of service offerings has resulted in enormous growth for the app, reaching a Gross Merchandise Value (GMV) on its platform of $12.5 billion in 2020. Its net adjusted revenue reaching $1.6 billion, thanks to 1.9 billion transactions, making the app the number one in the region for deliveries, mobility, and financial services.</p><p><blockquote>这种无处不在和服务产品的数量导致了该应用程序的巨大增长，到2020年，其平台上的商品总价值（GMV）将达到125亿美元。得益于 19 亿笔交易，其调整后净收入达到 16 亿美元，使该应用成为该地区送货、移动和金融服务领域的第一大应用。</blockquote></p><p> This gives the platform significant scale, with year 2020 GMV of $5.5 billion for food deliveries, $3.2 billion for mobility, and $8.9 billion for financial services.</p><p><blockquote>这使得该平台具有巨大的规模，2020年食品配送的GMV为55亿美元，移动为32亿美元，金融服务为89亿美元。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5c22a14f058c5206c6f97c9ee6555c40\" tg-width=\"640\" tg-height=\"350\" width=\"100%\" height=\"auto\"><span>Source: Grab Investor Presentation</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Grab 投资者演示</span></p></blockquote></p><p> <b>Cohort Analysis</b></p><p><blockquote><b>队列分析</b></blockquote></p><p> Looking at the different cohorts of users it is clear that the longer they have the app installed the more they transact on it. After three years users approximately double the transaction amount, and by year five they more than triple their transactions. This speaks to significant stickiness for the app, and it reflects high user satisfaction with it.</p><p><blockquote>看看不同的用户群体，很明显，他们安装应用程序的时间越长，他们在上面进行的交易就越多。三年后，用户的交易量大约翻了一番，到第五年，他们的交易量增加了两倍多。这说明了该应用程序的显著粘性，并反映了用户对它的高满意度。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0b1048371138429abea215d9d0f75b78\" tg-width=\"640\" tg-height=\"350\" width=\"100%\" height=\"auto\"><span>Source: Grab Investor Presentation</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Grab 投资者演示</span></p></blockquote></p><p> <b>International Expansion</b></p><p><blockquote><b>国际扩张</b></blockquote></p><p> One of the more exciting things about Grab is how many countries it operates in, and the number of services it offers in each. The slide below shows the services offered in each of the markets served by Grab.</p><p><blockquote>Grab更令人兴奋的事情之一是它在多少个国家开展业务，以及它在每个国家提供的服务数量。下面的幻灯片显示了Grab服务的每个市场提供的服务。</blockquote></p><p> While users come to the app initially for food deliveries and rides, we believe it will be the financial services that really bring profitable growth for the company. Things like loans, micro-credits, and insurance products should bring profitable growth for the company.</p><p><blockquote>虽然用户最初使用该应用程序是为了送餐和乘车，但我们相信，真正为公司带来盈利增长的将是金融服务。贷款、小额信贷和保险产品等产品应该会给公司带来盈利增长。</blockquote></p><p> According to the OECD,GDP for the region&nbsp;is expected to grow by 4.9% per year during the period 2020-2024, slightly down from the average rate of 5% in 2013-2017.</p><p><blockquote>根据经合组织的数据，2020-2024年期间，该地区的GDP预计每年增长4.9%，略低于2013-2017年5%的平均增长率。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b094b954a6ff2a9be4fc65c073208521\" tg-width=\"640\" tg-height=\"361\" width=\"100%\" height=\"auto\"><span>Source: Grab Investor Presentation</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Grab 投资者演示</span></p></blockquote></p><p> <b>Financials</b></p><p><blockquote><b>财务</b></blockquote></p><p> Turning our attention to the financials we see that the company isn't projecting to become EBITDA profitable until 2023, when it is projected to reach $0.5 billion. This gives the company an EV/EBITDA 2023 multiple of ~60x, which we find excessive given the uncertainty of the financial projections and the level of risk. We understand some investors are confident the company will achieve operating leverage and that it will continue growing for many years, but even then we believe the valuation to be too demanding given the level of uncertainty for future results.</p><p><blockquote>将我们的注意力转向财务状况，我们发现该公司预计要到 2023 年才能实现 EBITDA 盈利，届时预计将达到 5 亿美元。这使得该公司的 2023 年 EV/EBITDA 倍数约为 60 倍，考虑到财务预测的不确定性和风险水平，我们认为该倍数过高。我们理解一些投资者相信该公司将实现运营杠杆并将继续增长多年，但即便如此，考虑到未来业绩的不确定性，我们认为估值要求过高。</blockquote></p><p></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/05b52eab933ed612ab245e32a04c21a8\" tg-width=\"640\" tg-height=\"350\" width=\"100%\" height=\"auto\"><span>Source: Grab Investor Presentation</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Grab 投资者演示</span></p></blockquote></p><p> <b>Risks</b></p><p><blockquote><b>风险</b></blockquote></p><p> The main risk we see with an investment in Grab is over paying for the shares. While the company's app is ubiquitous in South East Asia the current valuation already prices significant growth and profitability improvements. In other words, it is priced for perfection.</p><p><blockquote>我们看到投资 Grab 的主要风险是为股票支付过高的价格。虽然该公司的应用程序在东南亚无处不在，但目前的估值已经表明了显着的增长和盈利能力的提高。换句话说，它是为完美定价的。</blockquote></p><p> There is also the matter of competition, where several well funded companies are going to fight for market share and erode profitability. These include Uber in some markets, but mainly&nbsp;Indonesia's GoTo,the company created through the merger of ride-sharing firm Gojek and e-commerce company Tokopedia.</p><p><blockquote>还有竞争问题，几家资金雄厚的公司将争夺市场份额并侵蚀盈利能力。其中包括一些市场的 Uber，但主要是印度尼西亚的 GoTo，该公司由拼车公司 Gojek 和电子商务公司 Tokopedia 合并而成。</blockquote></p><p> We find the company exciting and will continue to follow its progress, but at this time we are not buyers of the shares.</p><p><blockquote>我们发现该公司令人兴奋，并将继续关注其进展，但目前我们不是股票的买家。</blockquote></p><p> <b>Conclusion</b></p><p><blockquote><b>结论</b></blockquote></p><p> Grab is one of the most exciting companies right now that offers broad exposure to the economic growth in South East Asia. The&nbsp;company keeps&nbsp;growing and adding services to its app, while gaining users and getting closer to profitability.</p><p><blockquote>Grab是目前最令人兴奋的公司之一，它为东南亚的经济增长提供了广泛的机会。该公司不断发展并为其应用程序添加服务，同时获得用户并接近盈利。</blockquote></p><p> The one problem we have with an investment in the company is that at current prices much of the growth is already priced in. Unless the company manages to exceed expectations we do not see how investors at this price could get a good return on investment.</p><p><blockquote>我们投资该公司的一个问题是，按照目前的价格，大部分增长已经被定价了。除非该公司设法超出预期，否则我们看不出投资者如何以这个价格获得良好的投资回报。</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>Grab Is Growing Fast But The Valuation Is Too High<blockquote>Grab增长迅速，但估值过高</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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\">\nGrab Is Growing Fast But The Valuation Is Too High<blockquote>Grab增长迅速，但估值过高</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">seekingalpha</strong><span class=\"h-time small\">2021-08-05 11:03</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>Grab is set to merge with SPAC Altimeter Growth Corp. by the end of the year. Investors wanting to invest in the company can do so by buying the SPAC shares now.</li>  <li>The company is valued at ~$45 billion, which we believe is way too generous.</li>  <li>It is still worth watching given the fact that it is the biggest super app in South East Asia and it offers a multitude of services.</li>  <li>Economic growth in South East Asia is expected to be robust, with annual growth estimated at 4.9% per year.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ed14131a10fe9b0fe4ffdc2d166eedfc\" tg-width=\"1536\" tg-height=\"1024\" width=\"100%\" height=\"auto\"><span>bankkgraphy/iStock via Getty Images</span></p><p><blockquote><ul><li>Grab 将于今年年底与 SPAC Altimeter Growth Corp. 合并。想要投资该公司的投资者可以立即购买 SPAC 股票。</li><li>该公司估值约为 450 亿美元，我们认为这太过慷慨了。</li><li>鉴于它是东南亚最大的超级应用程序，并且提供多种服务，它仍然值得一看。</li><li>东南亚的经济增长预计将强劲，年增长率估计为4.9%。</li></ul><p class=\"t-img-caption\"><span>bankkgraphy/iStock 来自 Getty Images</span></p></blockquote></p><p> Grab is the number one super app in Southeast Asia, investors not familiar with it can think of it as merging Uber with a banking app. Its services include mobility, package deliveries, food deliveries, and financial services. The company is still private but it is set to combine with SPAC Altimeter Growth Corp (AGC) by the end of the year.</p><p><blockquote>Grab是东南亚排名第一的超级应用，不熟悉它的投资者可以将其视为将优步与银行应用合并。其服务包括移动、包裹递送、食品递送和金融服务。该公司仍然是私营企业，但将在今年年底前与 SPAC Altimeter Growth Corp (AGC) 合并。</blockquote></p><p> So what is a super app? Grab imagines customers can use the app for many of their daily needs, from ordering a ride to ordering food, or even booking a hotel.</p><p><blockquote>那么什么是超级app呢？Grab设想客户可以使用该应用程序满足他们的许多日常需求，从叫车到订餐，甚至预订酒店。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/053fd9283dc37b6e74500543dc4cda48\" tg-width=\"640\" tg-height=\"298\" width=\"100%\" height=\"auto\"><span>Source: Grab Investor Presentation</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Grab 投资者演示</span></p></blockquote></p><p> Such ubiquity and number of service offerings has resulted in enormous growth for the app, reaching a Gross Merchandise Value (GMV) on its platform of $12.5 billion in 2020. Its net adjusted revenue reaching $1.6 billion, thanks to 1.9 billion transactions, making the app the number one in the region for deliveries, mobility, and financial services.</p><p><blockquote>这种无处不在和服务产品的数量导致了该应用程序的巨大增长，到2020年，其平台上的商品总价值（GMV）将达到125亿美元。得益于 19 亿笔交易，其调整后净收入达到 16 亿美元，使该应用成为该地区送货、移动和金融服务领域的第一大应用。</blockquote></p><p> This gives the platform significant scale, with year 2020 GMV of $5.5 billion for food deliveries, $3.2 billion for mobility, and $8.9 billion for financial services.</p><p><blockquote>这使得该平台具有巨大的规模，2020年食品配送的GMV为55亿美元，移动为32亿美元，金融服务为89亿美元。</blockquote></p><p> Such ubiquity and number of service offerings has resulted in enormous growth for the app, reaching a Gross Merchandise Value (GMV) on its platform of $12.5 billion in 2020. Its net adjusted revenue reaching $1.6 billion, thanks to 1.9 billion transactions, making the app the number one in the region for deliveries, mobility, and financial services.</p><p><blockquote>这种无处不在和服务产品的数量导致了该应用程序的巨大增长，到2020年，其平台上的商品总价值（GMV）将达到125亿美元。得益于 19 亿笔交易，其调整后净收入达到 16 亿美元，使该应用成为该地区送货、移动和金融服务领域的第一大应用。</blockquote></p><p> This gives the platform significant scale, with year 2020 GMV of $5.5 billion for food deliveries, $3.2 billion for mobility, and $8.9 billion for financial services.</p><p><blockquote>这使得该平台具有巨大的规模，2020年食品配送的GMV为55亿美元，移动为32亿美元，金融服务为89亿美元。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5c22a14f058c5206c6f97c9ee6555c40\" tg-width=\"640\" tg-height=\"350\" width=\"100%\" height=\"auto\"><span>Source: Grab Investor Presentation</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Grab 投资者演示</span></p></blockquote></p><p> <b>Cohort Analysis</b></p><p><blockquote><b>队列分析</b></blockquote></p><p> Looking at the different cohorts of users it is clear that the longer they have the app installed the more they transact on it. After three years users approximately double the transaction amount, and by year five they more than triple their transactions. This speaks to significant stickiness for the app, and it reflects high user satisfaction with it.</p><p><blockquote>看看不同的用户群体，很明显，他们安装应用程序的时间越长，他们在上面进行的交易就越多。三年后，用户的交易量大约翻了一番，到第五年，他们的交易量增加了两倍多。这说明了该应用程序的显著粘性，并反映了用户对它的高满意度。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0b1048371138429abea215d9d0f75b78\" tg-width=\"640\" tg-height=\"350\" width=\"100%\" height=\"auto\"><span>Source: Grab Investor Presentation</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Grab 投资者演示</span></p></blockquote></p><p> <b>International Expansion</b></p><p><blockquote><b>国际扩张</b></blockquote></p><p> One of the more exciting things about Grab is how many countries it operates in, and the number of services it offers in each. The slide below shows the services offered in each of the markets served by Grab.</p><p><blockquote>Grab更令人兴奋的事情之一是它在多少个国家开展业务，以及它在每个国家提供的服务数量。下面的幻灯片显示了Grab服务的每个市场提供的服务。</blockquote></p><p> While users come to the app initially for food deliveries and rides, we believe it will be the financial services that really bring profitable growth for the company. Things like loans, micro-credits, and insurance products should bring profitable growth for the company.</p><p><blockquote>虽然用户最初使用该应用程序是为了送餐和乘车，但我们相信，真正为公司带来盈利增长的将是金融服务。贷款、小额信贷和保险产品等产品应该会给公司带来盈利增长。</blockquote></p><p> According to the OECD,GDP for the region&nbsp;is expected to grow by 4.9% per year during the period 2020-2024, slightly down from the average rate of 5% in 2013-2017.</p><p><blockquote>根据经合组织的数据，2020-2024年期间，该地区的GDP预计每年增长4.9%，略低于2013-2017年5%的平均增长率。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b094b954a6ff2a9be4fc65c073208521\" tg-width=\"640\" tg-height=\"361\" width=\"100%\" height=\"auto\"><span>Source: Grab Investor Presentation</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Grab 投资者演示</span></p></blockquote></p><p> <b>Financials</b></p><p><blockquote><b>财务</b></blockquote></p><p> Turning our attention to the financials we see that the company isn't projecting to become EBITDA profitable until 2023, when it is projected to reach $0.5 billion. This gives the company an EV/EBITDA 2023 multiple of ~60x, which we find excessive given the uncertainty of the financial projections and the level of risk. We understand some investors are confident the company will achieve operating leverage and that it will continue growing for many years, but even then we believe the valuation to be too demanding given the level of uncertainty for future results.</p><p><blockquote>将我们的注意力转向财务状况，我们发现该公司预计要到 2023 年才能实现 EBITDA 盈利，届时预计将达到 5 亿美元。这使得该公司的 2023 年 EV/EBITDA 倍数约为 60 倍，考虑到财务预测的不确定性和风险水平，我们认为该倍数过高。我们理解一些投资者相信该公司将实现运营杠杆并将继续增长多年，但即便如此，考虑到未来业绩的不确定性，我们认为估值要求过高。</blockquote></p><p></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/05b52eab933ed612ab245e32a04c21a8\" tg-width=\"640\" tg-height=\"350\" width=\"100%\" height=\"auto\"><span>Source: Grab Investor Presentation</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Grab 投资者演示</span></p></blockquote></p><p> <b>Risks</b></p><p><blockquote><b>风险</b></blockquote></p><p> The main risk we see with an investment in Grab is over paying for the shares. While the company's app is ubiquitous in South East Asia the current valuation already prices significant growth and profitability improvements. In other words, it is priced for perfection.</p><p><blockquote>我们看到投资 Grab 的主要风险是为股票支付过高的价格。虽然该公司的应用程序在东南亚无处不在，但目前的估值已经表明了显着的增长和盈利能力的提高。换句话说，它是为完美定价的。</blockquote></p><p> There is also the matter of competition, where several well funded companies are going to fight for market share and erode profitability. These include Uber in some markets, but mainly&nbsp;Indonesia's GoTo,the company created through the merger of ride-sharing firm Gojek and e-commerce company Tokopedia.</p><p><blockquote>还有竞争问题，几家资金雄厚的公司将争夺市场份额并侵蚀盈利能力。其中包括一些市场的 Uber，但主要是印度尼西亚的 GoTo，该公司由拼车公司 Gojek 和电子商务公司 Tokopedia 合并而成。</blockquote></p><p> We find the company exciting and will continue to follow its progress, but at this time we are not buyers of the shares.</p><p><blockquote>我们发现该公司令人兴奋，并将继续关注其进展，但目前我们不是股票的买家。</blockquote></p><p> <b>Conclusion</b></p><p><blockquote><b>结论</b></blockquote></p><p> Grab is one of the most exciting companies right now that offers broad exposure to the economic growth in South East Asia. The&nbsp;company keeps&nbsp;growing and adding services to its app, while gaining users and getting closer to profitability.</p><p><blockquote>Grab是目前最令人兴奋的公司之一，它为东南亚的经济增长提供了广泛的机会。该公司不断发展并为其应用程序添加服务，同时获得用户并接近盈利。</blockquote></p><p> The one problem we have with an investment in the company is that at current prices much of the growth is already priced in. Unless the company manages to exceed expectations we do not see how investors at this price could get a good return on investment.</p><p><blockquote>我们投资该公司的一个问题是，按照目前的价格，大部分增长已经被定价了。除非该公司设法超出预期，否则我们看不出投资者如何以这个价格获得良好的投资回报。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4445020-grab-is-growing-fast-but-the-valuation-is-too-high\">seekingalpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://seekingalpha.com/article/4445020-grab-is-growing-fast-but-the-valuation-is-too-high","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1132789984","content_text":"Summary\n\nGrab is set to merge with SPAC Altimeter Growth Corp. by the end of the year. Investors wanting to invest in the company can do so by buying the SPAC shares now.\nThe company is valued at ~$45 billion, which we believe is way too generous.\nIt is still worth watching given the fact that it is the biggest super app in South East Asia and it offers a multitude of services.\nEconomic growth in South East Asia is expected to be robust, with annual growth estimated at 4.9% per year.\n\nbankkgraphy/iStock via Getty Images\nGrab is the number one super app in Southeast Asia, investors not familiar with it can think of it as merging Uber with a banking app. Its services include mobility, package deliveries, food deliveries, and financial services. The company is still private but it is set to combine with SPAC Altimeter Growth Corp (AGC) by the end of the year.\nSo what is a super app? Grab imagines customers can use the app for many of their daily needs, from ordering a ride to ordering food, or even booking a hotel.\nSource: Grab Investor Presentation\nSuch ubiquity and number of service offerings has resulted in enormous growth for the app, reaching a Gross Merchandise Value (GMV) on its platform of $12.5 billion in 2020. Its net adjusted revenue reaching $1.6 billion, thanks to 1.9 billion transactions, making the app the number one in the region for deliveries, mobility, and financial services.\nThis gives the platform significant scale, with year 2020 GMV of $5.5 billion for food deliveries, $3.2 billion for mobility, and $8.9 billion for financial services.\nSuch ubiquity and number of service offerings has resulted in enormous growth for the app, reaching a Gross Merchandise Value (GMV) on its platform of $12.5 billion in 2020. Its net adjusted revenue reaching $1.6 billion, thanks to 1.9 billion transactions, making the app the number one in the region for deliveries, mobility, and financial services.\nThis gives the platform significant scale, with year 2020 GMV of $5.5 billion for food deliveries, $3.2 billion for mobility, and $8.9 billion for financial services.\nSource: Grab Investor Presentation\nCohort Analysis\nLooking at the different cohorts of users it is clear that the longer they have the app installed the more they transact on it. After three years users approximately double the transaction amount, and by year five they more than triple their transactions. This speaks to significant stickiness for the app, and it reflects high user satisfaction with it.\nSource: Grab Investor Presentation\nInternational Expansion\nOne of the more exciting things about Grab is how many countries it operates in, and the number of services it offers in each. The slide below shows the services offered in each of the markets served by Grab.\nWhile users come to the app initially for food deliveries and rides, we believe it will be the financial services that really bring profitable growth for the company. Things like loans, micro-credits, and insurance products should bring profitable growth for the company.\nAccording to the OECD,GDP for the region is expected to grow by 4.9% per year during the period 2020-2024, slightly down from the average rate of 5% in 2013-2017.\nSource: Grab Investor Presentation\nFinancials\nTurning our attention to the financials we see that the company isn't projecting to become EBITDA profitable until 2023, when it is projected to reach $0.5 billion. This gives the company an EV/EBITDA 2023 multiple of ~60x, which we find excessive given the uncertainty of the financial projections and the level of risk. We understand some investors are confident the company will achieve operating leverage and that it will continue growing for many years, but even then we believe the valuation to be too demanding given the level of uncertainty for future results.\nSource: Grab Investor Presentation\nRisks\nThe main risk we see with an investment in Grab is over paying for the shares. While the company's app is ubiquitous in South East Asia the current valuation already prices significant growth and profitability improvements. In other words, it is priced for perfection.\nThere is also the matter of competition, where several well funded companies are going to fight for market share and erode profitability. These include Uber in some markets, but mainly Indonesia's GoTo,the company created through the merger of ride-sharing firm Gojek and e-commerce company Tokopedia.\nWe find the company exciting and will continue to follow its progress, but at this time we are not buyers of the shares.\nConclusion\nGrab is one of the most exciting companies right now that offers broad exposure to the economic growth in South East Asia. The company keeps growing and adding services to its app, while gaining users and getting closer to profitability.\nThe one problem we have with an investment in the company is that at current prices much of the growth is already priced in. Unless the company manages to exceed expectations we do not see how investors at this price could get a good return on investment.","news_type":1,"symbols_score_info":{"AGC":0.9}},"isVote":1,"tweetType":1,"viewCount":3180,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":808330231,"gmtCreate":1627555306223,"gmtModify":1633763851589,"author":{"id":"3581738574656138","authorId":"3581738574656138","name":"victorchow","avatar":"https://static.tigerbbs.com/a6956fe8619a628c2db9e1c2e265981c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581738574656138","idStr":"3581738574656138"},"themes":[],"title":"","htmlText":"Yeh...","listText":"Yeh...","text":"Yeh...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/808330231","repostId":"1150368331","repostType":4,"repost":{"id":"1150368331","kind":"news","pubTimestamp":1627550617,"share":"https://www.laohunote.com/m/news/1150368331?lang=zh_CN&edition=full","pubTime":"2021-07-29 17:23","market":"us","language":"en","title":"Stock-market investors are ‘staring down the barrel of seasonal weakness for next 3 months’<blockquote>股市投资者“将目光投向未来三个月的季节性疲软”</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1150368331","media":"MarketWatch","summary":"Stock market likely to face ‘readjustment period’: deGraaf\nMidsummer blues? SEBASTIEN SALOM-GOMIS/AG","content":"<p>Stock market likely to face ‘readjustment period’: deGraaf</p><p><blockquote>德格拉夫：股市可能面临“调整期”</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bdd60b246407ebeffde47c97ef392dbb\" tg-width=\"700\" tg-height=\"467\" width=\"100%\" height=\"auto\"><span>Midsummer blues? SEBASTIEN SALOM-GOMIS/AGENCE FRANCE-PRESSE/GETTY IMAGES</span></p><p><blockquote><p class=\"t-img-caption\"><span>仲夏蓝调？塞巴斯蒂安·萨洛姆-戈米斯/法新社/盖蒂图片社</span></p></blockquote></p><p> It’s the most unfavorable time of the year when it comes to stock-market “seasonality”, and while that’s usually not enough to dictate market calls, it’s worth paying attention to, a top Wall Street chart watcher warned on Wednesday.</p><p><blockquote>华尔街一位顶级图表观察家周三警告说，就股市 “季节性 ”而言，这是一年中最不利的时期，虽然这通常不足以决定市场评级，但值得关注。</blockquote></p><p> “We are now standing at the weakest point in market seasonality for the next three months,” said Jeff deGraaf, founder of Renaissance Macro Research, in a Thursday note, referring to the chart tracking seasonal 3-month forward returns below:</p><p><blockquote>“文艺复兴宏观研究公司（Renaissance Macro Research）创始人杰夫-德格拉夫（Jeff deGraaf）在周四的一份报告中说：”我们现在正处于未来三个月市场季节性最弱的阶段，他指的是下面这张追踪季节性 3 个月远期回报率的图表：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6ca9bfb57bece1c32df911d998c4de19\" tg-width=\"700\" tg-height=\"564\" width=\"100%\" height=\"auto\"><span>RENAISSANCE MACRO</span></p><p><blockquote><p class=\"t-img-caption\"><span>文艺复兴宏观</span></p></blockquote></p><p> “The data goes back to 1928 and is rarely a sufficient catalyst to make a call, but with breadth divergences, elevated sentiment, and peak-data we suspect seasonal patterns will be more typical than not,” he wrote.</p><p><blockquote>“他写道：”这些数据可以追溯到 1928 年，很少能成为做出看涨期权的足够催化剂，但由于广度差异、情绪高涨和数据高峰，我们怀疑季节性模式将更加典型。</blockquote></p><p> Seasonality refers to the tendency of markets to perform better or worse during certain periods of the year. It’s perhaps most famously illustrated by the stock-market adage, “sell in May and go away,,” which refers to the historical tendency for the stock market to perform better from November through April than from May through October.</p><p><blockquote>季节性是指市场在一年中的某些时期表现更好或更差的趋势。股市格言 “五月卖出，离场 ”也许最著名地说明了这一点，这句格言指的是股市从 11 月到 4 月的表现好于从 5 月到 10 月的历史趋势。</blockquote></p><p> As deGraaf indicated, such seasonal factors typically aren’t viewed as sufficient in themselves to justify making trading calls.</p><p><blockquote>正如德格拉夫所指出的，这些季节性因素本身通常不足以成为交易评级的理由。</blockquote></p><p> The Dow Jones Industrial Average,S&amp;P 500&nbsp;and Nasdaq Composite&nbsp;pulled back Tuesday after finishing at record levels in the previous session. Stocks were&nbsp;putting in a mixed performance&nbsp;on Wednesday.</p><p><blockquote>道琼斯工业平均指数、标准普尔500指数和纳斯达克综合指数在前一交易日收于创纪录水平后，周二回落。周三股市表现好坏参半。</blockquote></p><p> So what does he expect the next three months to look like?</p><p><blockquote>那么他预计接下来的三个月会是什么样子呢？</blockquote></p><p> “It’s likely to be a readjustment period, rotational and important to pay attention to relative strength changes,” he said.</p><p><blockquote>“他说：”这很可能是一个重新调整期，是一个轮换期，重要的是要注意相对实力的变化。</blockquote></p><p></p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock-market investors are ‘staring down the barrel of seasonal weakness for next 3 months’<blockquote>股市投资者“将目光投向未来三个月的季节性疲软”</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\">\nStock-market investors are ‘staring down the barrel of seasonal weakness for next 3 months’<blockquote>股市投资者“将目光投向未来三个月的季节性疲软”</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-07-29 17:23</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Stock market likely to face ‘readjustment period’: deGraaf</p><p><blockquote>德格拉夫：股市可能面临“调整期”</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bdd60b246407ebeffde47c97ef392dbb\" tg-width=\"700\" tg-height=\"467\" width=\"100%\" height=\"auto\"><span>Midsummer blues? SEBASTIEN SALOM-GOMIS/AGENCE FRANCE-PRESSE/GETTY IMAGES</span></p><p><blockquote><p class=\"t-img-caption\"><span>仲夏蓝调？塞巴斯蒂安·萨洛姆-戈米斯/法新社/盖蒂图片社</span></p></blockquote></p><p> It’s the most unfavorable time of the year when it comes to stock-market “seasonality”, and while that’s usually not enough to dictate market calls, it’s worth paying attention to, a top Wall Street chart watcher warned on Wednesday.</p><p><blockquote>华尔街一位顶级图表观察家周三警告说，就股市 “季节性 ”而言，这是一年中最不利的时期，虽然这通常不足以决定市场评级，但值得关注。</blockquote></p><p> “We are now standing at the weakest point in market seasonality for the next three months,” said Jeff deGraaf, founder of Renaissance Macro Research, in a Thursday note, referring to the chart tracking seasonal 3-month forward returns below:</p><p><blockquote>“文艺复兴宏观研究公司（Renaissance Macro Research）创始人杰夫-德格拉夫（Jeff deGraaf）在周四的一份报告中说：”我们现在正处于未来三个月市场季节性最弱的阶段，他指的是下面这张追踪季节性 3 个月远期回报率的图表：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6ca9bfb57bece1c32df911d998c4de19\" tg-width=\"700\" tg-height=\"564\" width=\"100%\" height=\"auto\"><span>RENAISSANCE MACRO</span></p><p><blockquote><p class=\"t-img-caption\"><span>文艺复兴宏观</span></p></blockquote></p><p> “The data goes back to 1928 and is rarely a sufficient catalyst to make a call, but with breadth divergences, elevated sentiment, and peak-data we suspect seasonal patterns will be more typical than not,” he wrote.</p><p><blockquote>“他写道：”这些数据可以追溯到 1928 年，很少能成为做出看涨期权的足够催化剂，但由于广度差异、情绪高涨和数据高峰，我们怀疑季节性模式将更加典型。</blockquote></p><p> Seasonality refers to the tendency of markets to perform better or worse during certain periods of the year. It’s perhaps most famously illustrated by the stock-market adage, “sell in May and go away,,” which refers to the historical tendency for the stock market to perform better from November through April than from May through October.</p><p><blockquote>季节性是指市场在一年中的某些时期表现更好或更差的趋势。股市格言 “五月卖出，离场 ”也许最著名地说明了这一点，这句格言指的是股市从 11 月到 4 月的表现好于从 5 月到 10 月的历史趋势。</blockquote></p><p> As deGraaf indicated, such seasonal factors typically aren’t viewed as sufficient in themselves to justify making trading calls.</p><p><blockquote>正如德格拉夫所指出的，这些季节性因素本身通常不足以成为交易评级的理由。</blockquote></p><p> The Dow Jones Industrial Average,S&amp;P 500&nbsp;and Nasdaq Composite&nbsp;pulled back Tuesday after finishing at record levels in the previous session. Stocks were&nbsp;putting in a mixed performance&nbsp;on Wednesday.</p><p><blockquote>道琼斯工业平均指数、标准普尔500指数和纳斯达克综合指数在前一交易日收于创纪录水平后，周二回落。周三股市表现好坏参半。</blockquote></p><p> So what does he expect the next three months to look like?</p><p><blockquote>那么他预计接下来的三个月会是什么样子呢？</blockquote></p><p> “It’s likely to be a readjustment period, rotational and important to pay attention to relative strength changes,” he said.</p><p><blockquote>“他说：”这很可能是一个重新调整期，是一个轮换期，重要的是要注意相对实力的变化。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/stock-market-investors-are-staring-down-the-barrel-of-seasonal-weakness-for-next-3-months-11627482153?mod=home-page\">MarketWatch</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://www.marketwatch.com/story/stock-market-investors-are-staring-down-the-barrel-of-seasonal-weakness-for-next-3-months-11627482153?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1150368331","content_text":"Stock market likely to face ‘readjustment period’: deGraaf\nMidsummer blues? SEBASTIEN SALOM-GOMIS/AGENCE FRANCE-PRESSE/GETTY IMAGES\nIt’s the most unfavorable time of the year when it comes to stock-market “seasonality”, and while that’s usually not enough to dictate market calls, it’s worth paying attention to, a top Wall Street chart watcher warned on Wednesday.\n“We are now standing at the weakest point in market seasonality for the next three months,” said Jeff deGraaf, founder of Renaissance Macro Research, in a Thursday note, referring to the chart tracking seasonal 3-month forward returns below:\nRENAISSANCE MACRO\n“The data goes back to 1928 and is rarely a sufficient catalyst to make a call, but with breadth divergences, elevated sentiment, and peak-data we suspect seasonal patterns will be more typical than not,” he wrote.\nSeasonality refers to the tendency of markets to perform better or worse during certain periods of the year. It’s perhaps most famously illustrated by the stock-market adage, “sell in May and go away,,” which refers to the historical tendency for the stock market to perform better from November through April than from May through October.\nAs deGraaf indicated, such seasonal factors typically aren’t viewed as sufficient in themselves to justify making trading calls.\nThe Dow Jones Industrial Average,S&P 500 and Nasdaq Composite pulled back Tuesday after finishing at record levels in the previous session. Stocks were putting in a mixed performance on Wednesday.\nSo what does he expect the next three months to look like?\n“It’s likely to be a readjustment period, rotational and important to pay attention to relative strength changes,” he said.","news_type":1,"symbols_score_info":{".SPX":0.9,".DJI":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":1505,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":142435647,"gmtCreate":1626166681389,"gmtModify":1633929464292,"author":{"id":"3581738574656138","authorId":"3581738574656138","name":"victorchow","avatar":"https://static.tigerbbs.com/a6956fe8619a628c2db9e1c2e265981c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581738574656138","idStr":"3581738574656138"},"themes":[],"title":"","htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/142435647","repostId":"2151524845","repostType":4,"isVote":1,"tweetType":1,"viewCount":3520,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":153741219,"gmtCreate":1625053872831,"gmtModify":1633945426782,"author":{"id":"3581738574656138","authorId":"3581738574656138","name":"victorchow","avatar":"https://static.tigerbbs.com/a6956fe8619a628c2db9e1c2e265981c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581738574656138","idStr":"3581738574656138"},"themes":[],"title":"","htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/153741219","repostId":"2147857298","repostType":4,"isVote":1,"tweetType":1,"viewCount":3297,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":127628545,"gmtCreate":1624846912987,"gmtModify":1633948031810,"author":{"id":"3581738574656138","authorId":"3581738574656138","name":"victorchow","avatar":"https://static.tigerbbs.com/a6956fe8619a628c2db9e1c2e265981c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581738574656138","idStr":"3581738574656138"},"themes":[],"title":"","htmlText":"👍😁","listText":"👍😁","text":"👍😁","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/127628545","repostId":"2146007118","repostType":4,"isVote":1,"tweetType":1,"viewCount":1684,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":123451989,"gmtCreate":1624436036041,"gmtModify":1634006167920,"author":{"id":"3581738574656138","authorId":"3581738574656138","name":"victorchow","avatar":"https://static.tigerbbs.com/a6956fe8619a628c2db9e1c2e265981c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581738574656138","idStr":"3581738574656138"},"themes":[],"title":"","htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/123451989","repostId":"1128236138","repostType":4,"isVote":1,"tweetType":1,"viewCount":2599,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":123459661,"gmtCreate":1624435958553,"gmtModify":1634006168956,"author":{"id":"3581738574656138","authorId":"3581738574656138","name":"victorchow","avatar":"https://static.tigerbbs.com/a6956fe8619a628c2db9e1c2e265981c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581738574656138","idStr":"3581738574656138"},"themes":[],"title":"","htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/123459661","repostId":"1140539864","repostType":4,"repost":{"id":"1140539864","kind":"news","pubTimestamp":1624431752,"share":"https://www.laohunote.com/m/news/1140539864?lang=zh_CN&edition=full","pubTime":"2021-06-23 15:02","market":"us","language":"en","title":"Why Virgin Galactic, Nikola, and Bloom Energy Stocks Jumped Tuesday<blockquote>为什么维珍银河、尼古拉和布鲁姆能源的股票周二上涨</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1140539864","media":"Motley Fool","summary":"Names with high short interest continue to be the focus of retail traders hoping for a short squeeze","content":"<p>  Names with high short interest continue to be the focus of retail traders hoping for a short squeeze.  <b>What happened</b></p><p><blockquote>空头兴趣高的名字仍然是希望挤空的散户交易者的焦点。<b>发生了什么事</b></blockquote></p><p> The stocks of companies that could make potential short squeeze candidates continue to be the focus of many retail traders. Tuesday, three speculative names with high short interest are jumping higher. Shares of space tourism company<b>Virgin Galactic Holdings</b>(NYSE:SPCE), electric vehicle hopeful<b>Nikola</b>(NASDAQ:NKLA), and hydrogen fuel cell maker<b>Bloom Energy</b>(NYSE:BE)all jumped Tuesday. As of 3:35 p.m. EDT:</p><p><blockquote>可能成为潜在空头挤压候选者的公司股票仍然是许多散户交易者关注的焦点。周二，三个空头兴趣较高的投机性股票正在走高。太空旅游公司股票<b>维珍银河控股</b>（纽约证券交易所代码：SPCE），电动汽车充满希望<b>尼古拉</b>（纳斯达克股票代码：NKLA）和氢燃料电池制造商<b>布鲁姆能源</b>（纽约证券交易所股票代码：BE）周二全部上涨。截至下午 3:35美国东部时间：</blockquote></p><p> <ul>  <li>Virgin Galactic was up 9.2%</li>  <li>Nikola was up 7.7%</li>  <li>Bloom Energy was up 4.5%</li> </ul> <b>So what</b></p><p><blockquote><ul><li>维珍银河上涨 9.2%</li><li>尼古拉上涨7.7%</li><li>布鲁姆能源上涨 4.5%</li></ul><b>那又怎样</b></blockquote></p><p> With its share price trading around $40, it's notable that the July 16, 2021 $100 call options on Virgin Galactic had some of the highest implied volatility of all equity options Tuesday, according to Yahoo! Finance. Along with trading volume already more than double the 60-day daily average, this implies traders are hoping shares surge more than 150% to record highs in just the next three weeks.</p><p><blockquote>根据雅虎的数据，由于其股价约为40美元，值得注意的是，维珍银河2021年7月16日100美元的看涨期权期权在周二的所有股票期权中隐含波动率最高。金融。随着交易量已经是 60 天日平均水平的两倍多，这意味着交易员希望股价在未来三周内飙升 150% 以上，创下历史新高。</blockquote></p><p> Part of the thinking of traders in Virgin Galactic call options may be that high short interest in the stock could set shares up to move higher. As of late May, 28% of the public share float was sold short. Retail traders likely are hoping for ashort squeezesimilar to what occurred in other meme stocks. Similarly, Nikola and Bloom Energy had a respective 32% and 12% of their floats sold short, according to data from MarketWatch.</p><p><blockquote>维珍银河看涨期权期权交易员的部分想法可能是，对该股的高空头兴趣可能会推动股价走高。截至 5 月下旬，28% 的公众股份已被卖空。散户交易员可能希望出现类似于其他模因股票发生的情况的空头挤压。同样，根据 MarketWatch 的数据，Nikola 和 Bloom Energy 分别有 32% 和 12% 的流通股被卖空。</blockquote></p><p> <b>Now what</b></p><p><blockquote><b>现在呢</b></blockquote></p><p> Each of these stocks is speculative, and Virgin Galactic and Nikola aren't yet even bringing in revenue. Nothing of note was announced by these companies Tuesday to explain the stock movement. Nikola did file a Securities and Exchange Commission statement registering more than 18 million shares for potential sale. But that was related to capital it recently raised through a private deal, and any proceeds from the newly registered shares would be going to the stockholder, and not the company.</p><p><blockquote>这些股票都是投机性的，维珍银河和尼古拉甚至还没有带来收入。这些公司周二没有宣布任何值得注意的消息来解释股价走势。尼古拉确实向美国证券交易委员会提交了一份声明，登记了超过 1800 万股潜在出售股票。但这与它最近通过私人交易筹集的资本有关，新注册股票的任何收益都将归股东所有，而不是公司所有。</blockquote></p><p> Investors may be interested in Bloom Energy Tuesday because of a quarterly financial release from fellow hydrogen fuel cell technology company<b>Plug Power</b>&nbsp;(NASDAQ:PLUG).That report was a mix of strong sales growthoffset by continued net losses from that company. A growing hydrogen economy would be good news for Bloom, and company management expressed optimism in its recently released first quarter report for the period ended March 31, 2021. Revenue growth was also strong, and Bloom Energy CFO Greg Cameron said in a statement, \"We are confident in our guidance and are on the way to being a $1 billion revenue business that is well positioned for future growth.\"</p><p><blockquote>投资者周二可能会对 Bloom Energy 感兴趣，因为氢燃料电池技术公司发布了季度财务报告<b>普拉格能源</b>（纳斯达克股票代码：PLUG）该报告包含了强劲的销售增长，但被该公司持续的净亏损所抵消。不断增长的氢经济对布鲁姆来说是个好消息，公司管理层在最近发布的截至 2021 年 3 月 31 日的第一季度报告中表达了乐观态度。收入增长也强劲，Bloom Energy 首席财务官格雷格·卡梅伦 (Greg Cameron) 在一份声明中表示：“我们对我们的指导充满信心，并且正在成为一家收入达 10 亿美元的企业，为未来的增长做好准备。”</blockquote></p><p> But Tuesday's stock action seems more likely influenced by retail traders looking to turn high short interest into a rising stock price if shorts areforced to cover sold shares. For long-term investors, this type of move isn't critical to an investing thesis -- even for speculative stocks like these.</p><p><blockquote>但周二的股市走势似乎更有可能受到散户交易者的影响，散户交易者希望如果空头得到加强以弥补卖出的股票，将高空头兴趣转化为股价上涨。对于长期投资者来说，这种类型的举动对于投资论点并不重要——即使对于像这样的投机性股票也是如此。</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 Virgin Galactic, Nikola, and Bloom Energy Stocks Jumped Tuesday<blockquote>为什么维珍银河、尼古拉和布鲁姆能源的股票周二上涨</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 Virgin Galactic, Nikola, and Bloom Energy Stocks Jumped Tuesday<blockquote>为什么维珍银河、尼古拉和布鲁姆能源的股票周二上涨</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\">2021-06-23 15:02</span>\n</p>\n</h4>\n</header>\n<article>\n<p>  Names with high short interest continue to be the focus of retail traders hoping for a short squeeze.  <b>What happened</b></p><p><blockquote>空头兴趣高的名字仍然是希望挤空的散户交易者的焦点。<b>发生了什么事</b></blockquote></p><p> The stocks of companies that could make potential short squeeze candidates continue to be the focus of many retail traders. Tuesday, three speculative names with high short interest are jumping higher. Shares of space tourism company<b>Virgin Galactic Holdings</b>(NYSE:SPCE), electric vehicle hopeful<b>Nikola</b>(NASDAQ:NKLA), and hydrogen fuel cell maker<b>Bloom Energy</b>(NYSE:BE)all jumped Tuesday. As of 3:35 p.m. EDT:</p><p><blockquote>可能成为潜在空头挤压候选者的公司股票仍然是许多散户交易者关注的焦点。周二，三个空头兴趣较高的投机性股票正在走高。太空旅游公司股票<b>维珍银河控股</b>（纽约证券交易所代码：SPCE），电动汽车充满希望<b>尼古拉</b>（纳斯达克股票代码：NKLA）和氢燃料电池制造商<b>布鲁姆能源</b>（纽约证券交易所股票代码：BE）周二全部上涨。截至下午 3:35美国东部时间：</blockquote></p><p> <ul>  <li>Virgin Galactic was up 9.2%</li>  <li>Nikola was up 7.7%</li>  <li>Bloom Energy was up 4.5%</li> </ul> <b>So what</b></p><p><blockquote><ul><li>维珍银河上涨 9.2%</li><li>尼古拉上涨7.7%</li><li>布鲁姆能源上涨 4.5%</li></ul><b>那又怎样</b></blockquote></p><p> With its share price trading around $40, it's notable that the July 16, 2021 $100 call options on Virgin Galactic had some of the highest implied volatility of all equity options Tuesday, according to Yahoo! Finance. Along with trading volume already more than double the 60-day daily average, this implies traders are hoping shares surge more than 150% to record highs in just the next three weeks.</p><p><blockquote>根据雅虎的数据，由于其股价约为40美元，值得注意的是，维珍银河2021年7月16日100美元的看涨期权期权在周二的所有股票期权中隐含波动率最高。金融。随着交易量已经是 60 天日平均水平的两倍多，这意味着交易员希望股价在未来三周内飙升 150% 以上，创下历史新高。</blockquote></p><p> Part of the thinking of traders in Virgin Galactic call options may be that high short interest in the stock could set shares up to move higher. As of late May, 28% of the public share float was sold short. Retail traders likely are hoping for ashort squeezesimilar to what occurred in other meme stocks. Similarly, Nikola and Bloom Energy had a respective 32% and 12% of their floats sold short, according to data from MarketWatch.</p><p><blockquote>维珍银河看涨期权期权交易员的部分想法可能是，对该股的高空头兴趣可能会推动股价走高。截至 5 月下旬，28% 的公众股份已被卖空。散户交易员可能希望出现类似于其他模因股票发生的情况的空头挤压。同样，根据 MarketWatch 的数据，Nikola 和 Bloom Energy 分别有 32% 和 12% 的流通股被卖空。</blockquote></p><p> <b>Now what</b></p><p><blockquote><b>现在呢</b></blockquote></p><p> Each of these stocks is speculative, and Virgin Galactic and Nikola aren't yet even bringing in revenue. Nothing of note was announced by these companies Tuesday to explain the stock movement. Nikola did file a Securities and Exchange Commission statement registering more than 18 million shares for potential sale. But that was related to capital it recently raised through a private deal, and any proceeds from the newly registered shares would be going to the stockholder, and not the company.</p><p><blockquote>这些股票都是投机性的，维珍银河和尼古拉甚至还没有带来收入。这些公司周二没有宣布任何值得注意的消息来解释股价走势。尼古拉确实向美国证券交易委员会提交了一份声明，登记了超过 1800 万股潜在出售股票。但这与它最近通过私人交易筹集的资本有关，新注册股票的任何收益都将归股东所有，而不是公司所有。</blockquote></p><p> Investors may be interested in Bloom Energy Tuesday because of a quarterly financial release from fellow hydrogen fuel cell technology company<b>Plug Power</b>&nbsp;(NASDAQ:PLUG).That report was a mix of strong sales growthoffset by continued net losses from that company. A growing hydrogen economy would be good news for Bloom, and company management expressed optimism in its recently released first quarter report for the period ended March 31, 2021. Revenue growth was also strong, and Bloom Energy CFO Greg Cameron said in a statement, \"We are confident in our guidance and are on the way to being a $1 billion revenue business that is well positioned for future growth.\"</p><p><blockquote>投资者周二可能会对 Bloom Energy 感兴趣，因为氢燃料电池技术公司发布了季度财务报告<b>普拉格能源</b>（纳斯达克股票代码：PLUG）该报告包含了强劲的销售增长，但被该公司持续的净亏损所抵消。不断增长的氢经济对布鲁姆来说是个好消息，公司管理层在最近发布的截至 2021 年 3 月 31 日的第一季度报告中表达了乐观态度。收入增长也强劲，Bloom Energy 首席财务官格雷格·卡梅伦 (Greg Cameron) 在一份声明中表示：“我们对我们的指导充满信心，并且正在成为一家收入达 10 亿美元的企业，为未来的增长做好准备。”</blockquote></p><p> But Tuesday's stock action seems more likely influenced by retail traders looking to turn high short interest into a rising stock price if shorts areforced to cover sold shares. For long-term investors, this type of move isn't critical to an investing thesis -- even for speculative stocks like these.</p><p><blockquote>但周二的股市走势似乎更有可能受到散户交易者的影响，散户交易者希望如果空头得到加强以弥补卖出的股票，将高空头兴趣转化为股价上涨。对于长期投资者来说，这种类型的举动对于投资论点并不重要——即使对于像这样的投机性股票也是如此。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/06/22/why-virgin-galactic-nikola-and-bloom-energy-stocks/\">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":{"BE":"Bloom Energy Corp","SPCE":"维珍银河"},"source_url":"https://www.fool.com/investing/2021/06/22/why-virgin-galactic-nikola-and-bloom-energy-stocks/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1140539864","content_text":"Names with high short interest continue to be the focus of retail traders hoping for a short squeeze.\n\nWhat happened\nThe stocks of companies that could make potential short squeeze candidates continue to be the focus of many retail traders. Tuesday, three speculative names with high short interest are jumping higher. Shares of space tourism companyVirgin Galactic Holdings(NYSE:SPCE), electric vehicle hopefulNikola(NASDAQ:NKLA), and hydrogen fuel cell makerBloom Energy(NYSE:BE)all jumped Tuesday. As of 3:35 p.m. EDT:\n\nVirgin Galactic was up 9.2%\nNikola was up 7.7%\nBloom Energy was up 4.5%\n\nSo what\nWith its share price trading around $40, it's notable that the July 16, 2021 $100 call options on Virgin Galactic had some of the highest implied volatility of all equity options Tuesday, according to Yahoo! Finance. Along with trading volume already more than double the 60-day daily average, this implies traders are hoping shares surge more than 150% to record highs in just the next three weeks.\nPart of the thinking of traders in Virgin Galactic call options may be that high short interest in the stock could set shares up to move higher. As of late May, 28% of the public share float was sold short. Retail traders likely are hoping for ashort squeezesimilar to what occurred in other meme stocks. Similarly, Nikola and Bloom Energy had a respective 32% and 12% of their floats sold short, according to data from MarketWatch.\nNow what\nEach of these stocks is speculative, and Virgin Galactic and Nikola aren't yet even bringing in revenue. Nothing of note was announced by these companies Tuesday to explain the stock movement. Nikola did file a Securities and Exchange Commission statement registering more than 18 million shares for potential sale. But that was related to capital it recently raised through a private deal, and any proceeds from the newly registered shares would be going to the stockholder, and not the company.\nInvestors may be interested in Bloom Energy Tuesday because of a quarterly financial release from fellow hydrogen fuel cell technology companyPlug Power (NASDAQ:PLUG).That report was a mix of strong sales growthoffset by continued net losses from that company. A growing hydrogen economy would be good news for Bloom, and company management expressed optimism in its recently released first quarter report for the period ended March 31, 2021. Revenue growth was also strong, and Bloom Energy CFO Greg Cameron said in a statement, \"We are confident in our guidance and are on the way to being a $1 billion revenue business that is well positioned for future growth.\"\nBut Tuesday's stock action seems more likely influenced by retail traders looking to turn high short interest into a rising stock price if shorts areforced to cover sold shares. For long-term investors, this type of move isn't critical to an investing thesis -- even for speculative stocks like these.","news_type":1,"symbols_score_info":{"NKLA":0.9,"SPCE":0.9,"BE":0.9}},"isVote":1,"tweetType":1,"viewCount":2745,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":165812368,"gmtCreate":1624115216554,"gmtModify":1634010573512,"author":{"id":"3581738574656138","authorId":"3581738574656138","name":"victorchow","avatar":"https://static.tigerbbs.com/a6956fe8619a628c2db9e1c2e265981c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581738574656138","idStr":"3581738574656138"},"themes":[],"title":"","htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/165812368","repostId":"1113942445","repostType":4,"isVote":1,"tweetType":1,"viewCount":3015,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":166288136,"gmtCreate":1624012083125,"gmtModify":1634024150489,"author":{"id":"3581738574656138","authorId":"3581738574656138","name":"victorchow","avatar":"https://static.tigerbbs.com/a6956fe8619a628c2db9e1c2e265981c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581738574656138","idStr":"3581738574656138"},"themes":[],"title":"","htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/166288136","repostId":"2144226637","repostType":4,"isVote":1,"tweetType":1,"viewCount":2100,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":118975041,"gmtCreate":1622716660483,"gmtModify":1634098847659,"author":{"id":"3581738574656138","authorId":"3581738574656138","name":"victorchow","avatar":"https://static.tigerbbs.com/a6956fe8619a628c2db9e1c2e265981c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581738574656138","idStr":"3581738574656138"},"themes":[],"title":"","htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/118975041","repostId":"1192697639","repostType":4,"repost":{"id":"1192697639","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga Earnings","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1622703096,"share":"https://www.laohunote.com/m/news/1192697639?lang=zh_CN&edition=full","pubTime":"2021-06-03 14:51","market":"us","language":"en","title":"BlackBerry Overtakes AMC To Become Top WallStreetBets Interest<blockquote>黑莓超越 AMC 成为华尔街博彩最感兴趣的公司</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1192697639","media":"Benzinga Earnings","summary":"BlackBerry Limited continues to see increased interest from retail investors and has now overtaken A","content":"<p><b>BlackBerry Limited</b>&nbsp;continues to see increased interest from retail investors and has now overtaken&nbsp;<b>AMC Entertainment Holdings Inc.</b>&nbsp;to emerge as the most-mentioned stock on Reddit’s r/WallStreetBets forum.</p><p><blockquote><b>黑莓有限公司</b>散户投资者的兴趣继续增加，现已超过<b>AMC院线控股公司。</b>成为 Reddit 的 r/WallStreetBets 论坛上被提及次数最多的股票。</blockquote></p><p> <b>What Happened</b>: Canada-based tech company BlackBerry had 7,957 mentions on the Reddit forum during the last 24 hours, data from Quiver Quantitative showed.</p><p><blockquote><b>发生了什么事</b>Quiver Quantitative 的数据显示，过去 24 小时内，加拿大科技公司黑莓在 Reddit 论坛上被提及 7,957 次。</blockquote></p><p> In comparison, movie theatre chain AMC Entertainment was talked about 7,834 times during the same period. Gaming retailer&nbsp;<b>GameStop Corp.</b>&nbsp;was a distant third, with 2,220 mentions.</p><p><blockquote>相比之下，AMC院线连锁影院在同一时期被谈论了大约7834次。游戏零售商<b>游戏驿站公司</b>远远排在第三位，有2220次被提及。</blockquote></p><p> The enterprise software solutions company's rise to the top is recent.&nbsp;AMC remains the most-talked-about stock over trailing 7-day and 30-day periods. BlackBerry is the second-most talked-about stock in a trailing 7-day period and the third-most talked-about stock over the past 30 days.</p><p><blockquote>这家企业软件解决方案公司最近才登上榜首。 AMC 仍然是过去 7 天和 30 天期间最受关注的股票。黑莓是过去 7 天内第二大谈论股票，也是过去 30 天内第三大谈论股票。</blockquote></p><p> <b>Why It Matters:</b>The Quiver Quantitative data shows that BlackBerry has emerged as a favorite stock of retail investors over the past week. It was reported on Tuesday that BlackBerryovertookGameStop and emerged as the second-most mentioned stock just behind AMC Entertainment on the WallStreetBets forum.</p><p><blockquote><b>为什么重要：</b>Quiver 量化数据显示，黑莓在过去一周已成为散户投资者最喜欢的股票。周二有报道称，黑莓收购了 GameStop，成为华尔街投注论坛上被提及次数第二多的股票，仅次于AMC院线。</blockquote></p><p> Retail investors are continuing to pile into BlackBerry and other Reddit-favorite stocks as they attempt a new short squeeze.</p><p><blockquote>散户投资者继续涌入黑莓和其他 Reddit 最受欢迎的股票，试图进行新的空头挤压。</blockquote></p><p> BlackBerry’s shares hit a high of $28.77 in late January this year amid an epic short squeeze but had&nbsp;dropped significantly since then. The stock has now risen for six straight sessions and its year-to-date gains stand at 130.02%.</p><p><blockquote>今年 1 月下旬，黑莓的股价在一次史诗般的空头挤压中创下 28.77 美元的高点，但此后大幅下跌。该股现已连续六个交易日上涨，年初至今涨幅为 130.02%。</blockquote></p><p> <b>Price Action:</b>BlackBerry shares surged 31.9% higher in Wednesday’s regular trading session at $15.25 and further rose almost 3.1% in the after-hours session to $15.72.</p><p><blockquote><b>价格行为：</b>黑莓股价在周三的常规交易时段大涨 31.9%，报 15.25 美元，在盘后交易时段进一步上涨近 3.1%，报 15.72 美元。</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>BlackBerry Overtakes AMC To Become Top WallStreetBets Interest<blockquote>黑莓超越 AMC 成为华尔街博彩最感兴趣的公司</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\">\nBlackBerry Overtakes AMC To Become Top WallStreetBets Interest<blockquote>黑莓超越 AMC 成为华尔街博彩最感兴趣的公司</blockquote>\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga Earnings </p>\n<p class=\"h-time smaller\">2021-06-03 14:51</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p><b>BlackBerry Limited</b>&nbsp;continues to see increased interest from retail investors and has now overtaken&nbsp;<b>AMC Entertainment Holdings Inc.</b>&nbsp;to emerge as the most-mentioned stock on Reddit’s r/WallStreetBets forum.</p><p><blockquote><b>黑莓有限公司</b>散户投资者的兴趣继续增加，现已超过<b>AMC院线控股公司。</b>成为 Reddit 的 r/WallStreetBets 论坛上被提及次数最多的股票。</blockquote></p><p> <b>What Happened</b>: Canada-based tech company BlackBerry had 7,957 mentions on the Reddit forum during the last 24 hours, data from Quiver Quantitative showed.</p><p><blockquote><b>发生了什么事</b>Quiver Quantitative 的数据显示，过去 24 小时内，加拿大科技公司黑莓在 Reddit 论坛上被提及 7,957 次。</blockquote></p><p> In comparison, movie theatre chain AMC Entertainment was talked about 7,834 times during the same period. Gaming retailer&nbsp;<b>GameStop Corp.</b>&nbsp;was a distant third, with 2,220 mentions.</p><p><blockquote>相比之下，AMC院线连锁影院在同一时期被谈论了大约7834次。游戏零售商<b>游戏驿站公司</b>远远排在第三位，有2220次被提及。</blockquote></p><p> The enterprise software solutions company's rise to the top is recent.&nbsp;AMC remains the most-talked-about stock over trailing 7-day and 30-day periods. BlackBerry is the second-most talked-about stock in a trailing 7-day period and the third-most talked-about stock over the past 30 days.</p><p><blockquote>这家企业软件解决方案公司最近才登上榜首。 AMC 仍然是过去 7 天和 30 天期间最受关注的股票。黑莓是过去 7 天内第二大谈论股票，也是过去 30 天内第三大谈论股票。</blockquote></p><p> <b>Why It Matters:</b>The Quiver Quantitative data shows that BlackBerry has emerged as a favorite stock of retail investors over the past week. It was reported on Tuesday that BlackBerryovertookGameStop and emerged as the second-most mentioned stock just behind AMC Entertainment on the WallStreetBets forum.</p><p><blockquote><b>为什么重要：</b>Quiver 量化数据显示，黑莓在过去一周已成为散户投资者最喜欢的股票。周二有报道称，黑莓收购了 GameStop，成为华尔街投注论坛上被提及次数第二多的股票，仅次于AMC院线。</blockquote></p><p> Retail investors are continuing to pile into BlackBerry and other Reddit-favorite stocks as they attempt a new short squeeze.</p><p><blockquote>散户投资者继续涌入黑莓和其他 Reddit 最受欢迎的股票，试图进行新的空头挤压。</blockquote></p><p> BlackBerry’s shares hit a high of $28.77 in late January this year amid an epic short squeeze but had&nbsp;dropped significantly since then. The stock has now risen for six straight sessions and its year-to-date gains stand at 130.02%.</p><p><blockquote>今年 1 月下旬，黑莓的股价在一次史诗般的空头挤压中创下 28.77 美元的高点，但此后大幅下跌。该股现已连续六个交易日上涨，年初至今涨幅为 130.02%。</blockquote></p><p> <b>Price Action:</b>BlackBerry shares surged 31.9% higher in Wednesday’s regular trading session at $15.25 and further rose almost 3.1% in the after-hours session to $15.72.</p><p><blockquote><b>价格行为：</b>黑莓股价在周三的常规交易时段大涨 31.9%，报 15.25 美元，在盘后交易时段进一步上涨近 3.1%，报 15.72 美元。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMC":"AMC院线","GME":"游戏驿站","BB":"黑莓"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1192697639","content_text":"BlackBerry Limited continues to see increased interest from retail investors and has now overtaken AMC Entertainment Holdings Inc. to emerge as the most-mentioned stock on Reddit’s r/WallStreetBets forum.\nWhat Happened: Canada-based tech company BlackBerry had 7,957 mentions on the Reddit forum during the last 24 hours, data from Quiver Quantitative showed.\nIn comparison, movie theatre chain AMC Entertainment was talked about 7,834 times during the same period. Gaming retailer GameStop Corp. was a distant third, with 2,220 mentions.\nThe enterprise software solutions company's rise to the top is recent. AMC remains the most-talked-about stock over trailing 7-day and 30-day periods. BlackBerry is the second-most talked-about stock in a trailing 7-day period and the third-most talked-about stock over the past 30 days.\nWhy It Matters:The Quiver Quantitative data shows that BlackBerry has emerged as a favorite stock of retail investors over the past week. It was reported on Tuesday that BlackBerryovertookGameStop and emerged as the second-most mentioned stock just behind AMC Entertainment on the WallStreetBets forum.\nRetail investors are continuing to pile into BlackBerry and other Reddit-favorite stocks as they attempt a new short squeeze.\nBlackBerry’s shares hit a high of $28.77 in late January this year amid an epic short squeeze but had dropped significantly since then. The stock has now risen for six straight sessions and its year-to-date gains stand at 130.02%.\nPrice Action:BlackBerry shares surged 31.9% higher in Wednesday’s regular trading session at $15.25 and further rose almost 3.1% in the after-hours session to $15.72.","news_type":1,"symbols_score_info":{"AMC":0.9,"GME":0.9,"BB":0.9}},"isVote":1,"tweetType":1,"viewCount":1792,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":137013102,"gmtCreate":1622267335206,"gmtModify":1634102605400,"author":{"id":"3581738574656138","authorId":"3581738574656138","name":"victorchow","avatar":"https://static.tigerbbs.com/a6956fe8619a628c2db9e1c2e265981c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581738574656138","idStr":"3581738574656138"},"themes":[],"title":"","htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/137013102","repostId":"2138765488","repostType":4,"isVote":1,"tweetType":1,"viewCount":546,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":196272273,"gmtCreate":1621065393592,"gmtModify":1634194174649,"author":{"id":"3581738574656138","authorId":"3581738574656138","name":"victorchow","avatar":"https://static.tigerbbs.com/a6956fe8619a628c2db9e1c2e265981c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581738574656138","idStr":"3581738574656138"},"themes":[],"title":"","htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/196272273","repostId":"1173244066","repostType":4,"repost":{"id":"1173244066","kind":"news","pubTimestamp":1621004086,"share":"https://www.laohunote.com/m/news/1173244066?lang=zh_CN&edition=full","pubTime":"2021-05-14 22:54","market":"us","language":"en","title":"What Disney, Airbnb and DoorDash results reveal about the post-pandemic economy<blockquote>迪士尼、爱彼迎和 DoorDash 的业绩揭示了大流行后的经济</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1173244066","media":"CNN","summary":"London (CNN Business)Companies are gearing up for an era in which Covid-19 isn't the primary driver ","content":"<p>London (CNN Business)Companies are gearing up for an era in which Covid-19 isn't the primary driver of how people spend their money.</p><p><blockquote>伦敦（CNN Business）公司正在为一个时代做准备，在这个时代，Covid-19 不再是人们花钱的主要驱动力。</blockquote></p><p> The big question: As the coronavirus situation improves in countries like the United States, which trends from the past 14 months will have staying power, and which will be resigned to the pandemic past?</p><p><blockquote>最大的问题是：随着冠状病毒情况在美国等国家的改善，过去14个月的哪些趋势将具有持久力，哪些将屈服于疫情的过去？</blockquote></p><p> Airbnb, DoorDash and Disney (DIS), which reported results after US markets closed on Thursday, provide some idea.</p><p><blockquote>爱彼迎、DoorDash 和迪士尼 (DIS) 在美国市场周四收盘后公布了业绩，提供了一些思路。</blockquote></p><p> Airbnb: The company said interest in travel is surging again as vaccines become more widely available, pointing to a sharp increase in bookings in the United Kingdom immediately after British Prime Minister Boris Johnson announced plans in February to gradually exit lockdown. For US customers aged 60 and above, searches on Airbnb for summer travel rose by more than 60% between February and March.</p><p><blockquote>爱彼迎：该公司表示，随着疫苗变得更加广泛，人们对旅行的兴趣再次激增，这表明在英国首相鲍里斯·约翰逊 (Boris Johnson) 2 月份宣布逐步解除封锁的计划后，英国的预订量立即大幅增加。对于60岁及以上的美国客户来说，2月至3月期间，爱彼迎上夏季旅游的搜索量增长了60%以上。</blockquote></p><p> The company is also ready for more customers to use Airbnb for longer-term stays as they take advantage of greater acceptance of remote work. It said that nearly a quarter of stays last quarter were for 28 days or more, up 14% from 2019. Shares are down slightly in premarket trading.</p><p><blockquote>该公司还准备让更多的客户使用爱彼迎进行长期停留，因为他们利用了对远程工作的更大接受度。该公司表示，上季度近四分之一的住宿时间为 28 天或以上，比 2019 年增长了 14%。股价在盘前交易中小幅下跌。</blockquote></p><p> DoorDash: People are still ordering lots of food delivery even as restaurants open back up for traditional dining. DoorDash reported a 198% jump in revenue last quarter to $1.1 billion even as it dealt with a shortage of workers, and increased its full-year outlook.</p><p><blockquote>DoorDash：尽管餐馆重新开放传统餐饮，但人们仍然订购大量外卖。DoorDash 报告称，尽管面临工人短缺的问题，上季度收入仍增长了 198%，达到 11 亿美元，并上调了全年预期。</blockquote></p><p> \"As markets continued reopening and in-store dining increased across the US, the impact to our order volume was smaller than we expected, which contributed to strong performance in the quarter,\" the company said, though it cautioned that may have been partially attributable to stimulus checks. Shares are up almost 9% in premarket trading.</p><p><blockquote>该公司表示：“随着市场继续重新开放以及美国各地店内就餐的增加，对我们订单量的影响小于我们的预期，这促成了本季度的强劲业绩。”不过该公司警告称，这可能部分归因于刺激检查。股价在盘前交易中上涨近 9%。</blockquote></p><p> Disney: Streaming has carried Disney through the pandemic, with Disney+ growing to more than 100 million subscribers. Yet the biggest star in Disney's media universe appears to be shining a little less bright, sending shares down 4%.</p><p><blockquote>迪士尼：流媒体带领迪士尼穿越了疫情，迪士尼+的订阅用户已超过1亿。然而，这位迪士尼媒体界最大的明星似乎没有那么耀眼，导致股价下跌 4%。</blockquote></p><p> The company said Thursday that Disney+ now has 103.6 million subscribers, below the 110 million Wall Street was expecting. That's forced investors to wonder: Is that because people are getting vaccinated and stepping away from streaming? Netflix also reported sluggish subscription growth last quarter.</p><p><blockquote>该公司周四表示，Disney+ 目前拥有 1.036 亿用户，低于华尔街预期的 1.1 亿用户。这迫使投资者怀疑：这是因为人们正在接种疫苗并远离流媒体吗？Netflix 上季度还报告订阅增长缓慢。</blockquote></p><p> Down but not out: Disney said it remains on track to reach its long-term subscriber goals despite the apparent slowdown. It's betting that as the pandemic eases, it will be able to produce more movies and shows, helping to bring in new customers.</p><p><blockquote>下降但并未出局：迪士尼表示，尽管增长明显放缓，但仍有望实现其长期用户目标。它打赌，随着疫情的缓解，它将能够制作更多的电影和节目，帮助吸引新客户。</blockquote></p><p> Whether it's right will become clearer in the months ahead, which will pose the true test of whether people actually ditch their sweatpants, get out of the house and shake up the economy once again.</p><p><blockquote>这是否正确将在未来几个月变得更加清晰，这将真正考验人们是否真的扔掉运动裤，走出家门，再次撼动经济。</blockquote></p><p> <b>It could get easier to get a credit card without a credit score</b></p><p><blockquote><b>无需信用评分即可获得信用卡可能会变得更容易</b></blockquote></p><p> For years, if you didn't have a credit score it was extremely difficult to get a credit card or certain types of loans. But a new plan among some of the nation's largest banks may help Americans without traditional credit histories get approved.</p><p><blockquote>多年来，如果你没有信用评分，就很难获得信用卡或某些类型的贷款。但美国一些最大银行的一项新计划可能会帮助没有传统信用记录的美国人获得批准。</blockquote></p><p> Ten banks — including JPMorgan Chase (JPM), Wells Fargo (WFC) and U.S. Bancorp (USB) — have tentatively agreed to a plan to share data like bank account deposits and bill payment activity to help qualify borrowers without traditional credit histories, according to the Wall Street Journal.</p><p><blockquote>据《华尔街日报》报道，包括摩根大通 (JPM)、富国银行 (WFC) 和合众银行 (USB) 在内的十家银行已初步同意一项共享银行账户存款和账单支付活动等数据的计划，以帮助确定没有传统信用记录的借款人的资格。</blockquote></p><p> The push for financial institutions to come to a data sharing agreement came from a program run by the Office of the Comptroller of the Currency. The OCC has confirmed there is a plan, but the details of the agreement among the banks still need to be worked out.</p><p><blockquote>推动金融机构达成数据共享协议的动力来自货币监理署开展的一项计划。OCC已经确认有一个计划，但银行之间协议的细节仍需制定。</blockquote></p><p> Should the proposed arrangement go through, it would mean that if you don't have a credit score but you have a bank account at Wells Fargo, for example, you can use that financial history to help you get a credit card with another bank, like JPMorgan Chase.</p><p><blockquote>如果提议的安排获得通过，这将意味着，例如，如果您没有信用评分，但您在富国银行拥有银行账户，您可以使用该财务历史来帮助您获得另一家银行的信用卡，例如摩根大通。</blockquote></p><p> \"This will give millions of Americans the opportunity to access credit that's essential to building wealth — buying a home, starting a business, or financing education,\" Trish Wexler, a spokesperson for JPMorgan Chase, told CNN Business.</p><p><blockquote>摩根大通发言人特里什·韦克斯勒 (Trish Wexler) 告诉 CNN 商业频道：“这将使数百万美国人有机会获得积累财富所必需的信贷——买房、创业或资助教育。”</blockquote></p><p> The backstory: There are currently 53 million people without a credit score, according to the Fair Isaac Corporation, the creator of FICO credit scores. These consumers, who are disproportionately lower income and people of color, face higher borrowing costs because they're forced to turn to products like payday loans.</p><p><blockquote>背景故事：根据 FICO 信用评分的创建者 Fair Isaac Corporation 的数据，目前有 5300 万人没有信用评分。这些低收入和有色人种的消费者面临着更高的借贷成本，因为他们被迫转向发薪日贷款等产品。</blockquote></p><p> Banks and lenders refer to those without credit history as \"credit invisible.\" This group can include young people or recent immigrants, as well as people who haven't used credit in a long time or who have lost their access due to financial difficulties.</p><p><blockquote>银行和贷方将那些没有信用记录的人称为“隐形信用”。这个群体可能包括年轻人或新移民，以及很长时间没有使用信贷或由于经济困难而失去使用信贷的人。</blockquote></p><p> The business angle: Big banks may also be eager to revise their policies as online upstarts chip away at demand for their products.</p><p><blockquote>商业角度：随着在线新贵根据需求抢购其产品，大银行可能也渴望修改其政策。</blockquote></p><p></p><p> \"Some of this cooperation among the biggest banks may be a bit of reaction to smaller banks and fintech companies infringing on their space,\" said Matt Schulz, chief industry analyst at LendingTree.</p><p><blockquote>LendingTree 首席行业分析师马特·舒尔茨 (Matt Schulz) 表示：“最大银行之间的一些合作可能是对小型银行和金融科技公司侵犯其领域的一种反应。”</blockquote></p><p> <b>Target will temporarily stop selling trading cards amid frenzy</b></p><p><blockquote><b>塔吉特将在狂热中暂时停止销售交易卡</b></blockquote></p><p> Target (TGT) has announced that it will stop selling trading cards in its stores following a violent dispute at one of its locations — a sign of just how overheated the market for collectibles has become.</p><p><blockquote>塔吉特 (TGT) 宣布，在其一家门店发生暴力纠纷后，将停止在其商店销售交易卡——这表明收藏品市场已经变得多么过热。</blockquote></p><p> The details: Last week, a Target in Wisconsin was locked down after a man was physically assaulted by four others over sports trading cards.</p><p><blockquote>细节：上周，威斯康星州的一个目标在一名男子因体育交易卡被另外四人殴打后被锁定。</blockquote></p><p> \"The safety of our guests and our team is our top priority,\" Target said in a statement. \"Out of an abundance of caution, we've decided to temporarily suspend the sale of MLB, NFL, NBA and Pokémon trading cards within our stores, effective [Friday].\"</p><p><blockquote>塔吉特在一份声明中表示：“客人和团队的安全是我们的首要任务。”“出于谨慎，我们决定暂时停止在我们的商店内销售 MLB、NFL、NBA 和神奇宝贝交易卡，自 [周五] 起生效。”</blockquote></p><p> The cards will still be available online, the company said.</p><p><blockquote>该公司表示，这些卡仍将在网上提供。</blockquote></p><p> Remember: The value of trading cards has skyrocketed in recent months during the Covid-19 pandemic. That's grabbed interest from both amateur and professional investors looking to cash in on spectacular returns.</p><p><blockquote>请记住：在 Covid-19 大流行期间，最近几个月交易卡的价值飙升。这引起了业余和专业投资者的兴趣，他们希望从惊人的回报中获利。</blockquote></p><p> Target previously was limiting card purchases to just one item a day, saying that guests were lining up overnight to get their hands on hot items, per CNN affiliate WISN.</p><p><blockquote>据美国有线电视新闻网 (CNN) 附属机构 WISN 报道，塔吉特此前将卡购买限制为每天只能购买一件商品，称客人整夜排队购买热门商品。</blockquote></p><p> Walmart (WMT), for its part, said it will keep selling cards in stores for now.</p><p><blockquote>沃尔玛 (WMT) 则表示，目前将继续在商店销售贺卡。</blockquote></p><p> \"We are determining what, if any, changes are needed to meet customer demand while ensuring a safe and enjoyable shopping experience,\" a spokesperson said in a statement.</p><p><blockquote>一位发言人在一份声明中表示：“我们正在确定需要做出哪些改变（如果有的话）来满足客户需求，同时确保安全愉快的购物体验。”</blockquote></p><p> <b>Up next</b></p><p><blockquote><b>下一个</b></blockquote></p><p> Data on US retail sales, import and export prices and industrial production arrives at 8:30 a.m. ET.</p><p><blockquote>美国零售销售、进出口价格和工业生产数据将于美国东部时间上午 8:30 公布。</blockquote></p><p> Coming next week: Home Depot (HD) and Lowe's (LOW) report earnings as the housing market booms.</p><p><blockquote>下周：随着房地产市场繁荣，家得宝 (HD) 和劳氏 (LOW) 公布收益。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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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\">\nWhat Disney, Airbnb and DoorDash results reveal about the post-pandemic economy<blockquote>迪士尼、爱彼迎和 DoorDash 的业绩揭示了大流行后的经济</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">CNN</strong><span class=\"h-time small\">2021-05-14 22:54</span>\n</p>\n</h4>\n</header>\n<article>\n<p>London (CNN Business)Companies are gearing up for an era in which Covid-19 isn't the primary driver of how people spend their money.</p><p><blockquote>伦敦（CNN Business）公司正在为一个时代做准备，在这个时代，Covid-19 不再是人们花钱的主要驱动力。</blockquote></p><p> The big question: As the coronavirus situation improves in countries like the United States, which trends from the past 14 months will have staying power, and which will be resigned to the pandemic past?</p><p><blockquote>最大的问题是：随着冠状病毒情况在美国等国家的改善，过去14个月的哪些趋势将具有持久力，哪些将屈服于疫情的过去？</blockquote></p><p> Airbnb, DoorDash and Disney (DIS), which reported results after US markets closed on Thursday, provide some idea.</p><p><blockquote>爱彼迎、DoorDash 和迪士尼 (DIS) 在美国市场周四收盘后公布了业绩，提供了一些思路。</blockquote></p><p> Airbnb: The company said interest in travel is surging again as vaccines become more widely available, pointing to a sharp increase in bookings in the United Kingdom immediately after British Prime Minister Boris Johnson announced plans in February to gradually exit lockdown. For US customers aged 60 and above, searches on Airbnb for summer travel rose by more than 60% between February and March.</p><p><blockquote>爱彼迎：该公司表示，随着疫苗变得更加广泛，人们对旅行的兴趣再次激增，这表明在英国首相鲍里斯·约翰逊 (Boris Johnson) 2 月份宣布逐步解除封锁的计划后，英国的预订量立即大幅增加。对于60岁及以上的美国客户来说，2月至3月期间，爱彼迎上夏季旅游的搜索量增长了60%以上。</blockquote></p><p> The company is also ready for more customers to use Airbnb for longer-term stays as they take advantage of greater acceptance of remote work. It said that nearly a quarter of stays last quarter were for 28 days or more, up 14% from 2019. Shares are down slightly in premarket trading.</p><p><blockquote>该公司还准备让更多的客户使用爱彼迎进行长期停留，因为他们利用了对远程工作的更大接受度。该公司表示，上季度近四分之一的住宿时间为 28 天或以上，比 2019 年增长了 14%。股价在盘前交易中小幅下跌。</blockquote></p><p> DoorDash: People are still ordering lots of food delivery even as restaurants open back up for traditional dining. DoorDash reported a 198% jump in revenue last quarter to $1.1 billion even as it dealt with a shortage of workers, and increased its full-year outlook.</p><p><blockquote>DoorDash：尽管餐馆重新开放传统餐饮，但人们仍然订购大量外卖。DoorDash 报告称，尽管面临工人短缺的问题，上季度收入仍增长了 198%，达到 11 亿美元，并上调了全年预期。</blockquote></p><p> \"As markets continued reopening and in-store dining increased across the US, the impact to our order volume was smaller than we expected, which contributed to strong performance in the quarter,\" the company said, though it cautioned that may have been partially attributable to stimulus checks. Shares are up almost 9% in premarket trading.</p><p><blockquote>该公司表示：“随着市场继续重新开放以及美国各地店内就餐的增加，对我们订单量的影响小于我们的预期，这促成了本季度的强劲业绩。”不过该公司警告称，这可能部分归因于刺激检查。股价在盘前交易中上涨近 9%。</blockquote></p><p> Disney: Streaming has carried Disney through the pandemic, with Disney+ growing to more than 100 million subscribers. Yet the biggest star in Disney's media universe appears to be shining a little less bright, sending shares down 4%.</p><p><blockquote>迪士尼：流媒体带领迪士尼穿越了疫情，迪士尼+的订阅用户已超过1亿。然而，这位迪士尼媒体界最大的明星似乎没有那么耀眼，导致股价下跌 4%。</blockquote></p><p> The company said Thursday that Disney+ now has 103.6 million subscribers, below the 110 million Wall Street was expecting. That's forced investors to wonder: Is that because people are getting vaccinated and stepping away from streaming? Netflix also reported sluggish subscription growth last quarter.</p><p><blockquote>该公司周四表示，Disney+ 目前拥有 1.036 亿用户，低于华尔街预期的 1.1 亿用户。这迫使投资者怀疑：这是因为人们正在接种疫苗并远离流媒体吗？Netflix 上季度还报告订阅增长缓慢。</blockquote></p><p> Down but not out: Disney said it remains on track to reach its long-term subscriber goals despite the apparent slowdown. It's betting that as the pandemic eases, it will be able to produce more movies and shows, helping to bring in new customers.</p><p><blockquote>下降但并未出局：迪士尼表示，尽管增长明显放缓，但仍有望实现其长期用户目标。它打赌，随着疫情的缓解，它将能够制作更多的电影和节目，帮助吸引新客户。</blockquote></p><p> Whether it's right will become clearer in the months ahead, which will pose the true test of whether people actually ditch their sweatpants, get out of the house and shake up the economy once again.</p><p><blockquote>这是否正确将在未来几个月变得更加清晰，这将真正考验人们是否真的扔掉运动裤，走出家门，再次撼动经济。</blockquote></p><p> <b>It could get easier to get a credit card without a credit score</b></p><p><blockquote><b>无需信用评分即可获得信用卡可能会变得更容易</b></blockquote></p><p> For years, if you didn't have a credit score it was extremely difficult to get a credit card or certain types of loans. But a new plan among some of the nation's largest banks may help Americans without traditional credit histories get approved.</p><p><blockquote>多年来，如果你没有信用评分，就很难获得信用卡或某些类型的贷款。但美国一些最大银行的一项新计划可能会帮助没有传统信用记录的美国人获得批准。</blockquote></p><p> Ten banks — including JPMorgan Chase (JPM), Wells Fargo (WFC) and U.S. Bancorp (USB) — have tentatively agreed to a plan to share data like bank account deposits and bill payment activity to help qualify borrowers without traditional credit histories, according to the Wall Street Journal.</p><p><blockquote>据《华尔街日报》报道，包括摩根大通 (JPM)、富国银行 (WFC) 和合众银行 (USB) 在内的十家银行已初步同意一项共享银行账户存款和账单支付活动等数据的计划，以帮助确定没有传统信用记录的借款人的资格。</blockquote></p><p> The push for financial institutions to come to a data sharing agreement came from a program run by the Office of the Comptroller of the Currency. The OCC has confirmed there is a plan, but the details of the agreement among the banks still need to be worked out.</p><p><blockquote>推动金融机构达成数据共享协议的动力来自货币监理署开展的一项计划。OCC已经确认有一个计划，但银行之间协议的细节仍需制定。</blockquote></p><p> Should the proposed arrangement go through, it would mean that if you don't have a credit score but you have a bank account at Wells Fargo, for example, you can use that financial history to help you get a credit card with another bank, like JPMorgan Chase.</p><p><blockquote>如果提议的安排获得通过，这将意味着，例如，如果您没有信用评分，但您在富国银行拥有银行账户，您可以使用该财务历史来帮助您获得另一家银行的信用卡，例如摩根大通。</blockquote></p><p> \"This will give millions of Americans the opportunity to access credit that's essential to building wealth — buying a home, starting a business, or financing education,\" Trish Wexler, a spokesperson for JPMorgan Chase, told CNN Business.</p><p><blockquote>摩根大通发言人特里什·韦克斯勒 (Trish Wexler) 告诉 CNN 商业频道：“这将使数百万美国人有机会获得积累财富所必需的信贷——买房、创业或资助教育。”</blockquote></p><p> The backstory: There are currently 53 million people without a credit score, according to the Fair Isaac Corporation, the creator of FICO credit scores. These consumers, who are disproportionately lower income and people of color, face higher borrowing costs because they're forced to turn to products like payday loans.</p><p><blockquote>背景故事：根据 FICO 信用评分的创建者 Fair Isaac Corporation 的数据，目前有 5300 万人没有信用评分。这些低收入和有色人种的消费者面临着更高的借贷成本，因为他们被迫转向发薪日贷款等产品。</blockquote></p><p> Banks and lenders refer to those without credit history as \"credit invisible.\" This group can include young people or recent immigrants, as well as people who haven't used credit in a long time or who have lost their access due to financial difficulties.</p><p><blockquote>银行和贷方将那些没有信用记录的人称为“隐形信用”。这个群体可能包括年轻人或新移民，以及很长时间没有使用信贷或由于经济困难而失去使用信贷的人。</blockquote></p><p> The business angle: Big banks may also be eager to revise their policies as online upstarts chip away at demand for their products.</p><p><blockquote>商业角度：随着在线新贵根据需求抢购其产品，大银行可能也渴望修改其政策。</blockquote></p><p></p><p> \"Some of this cooperation among the biggest banks may be a bit of reaction to smaller banks and fintech companies infringing on their space,\" said Matt Schulz, chief industry analyst at LendingTree.</p><p><blockquote>LendingTree 首席行业分析师马特·舒尔茨 (Matt Schulz) 表示：“最大银行之间的一些合作可能是对小型银行和金融科技公司侵犯其领域的一种反应。”</blockquote></p><p> <b>Target will temporarily stop selling trading cards amid frenzy</b></p><p><blockquote><b>塔吉特将在狂热中暂时停止销售交易卡</b></blockquote></p><p> Target (TGT) has announced that it will stop selling trading cards in its stores following a violent dispute at one of its locations — a sign of just how overheated the market for collectibles has become.</p><p><blockquote>塔吉特 (TGT) 宣布，在其一家门店发生暴力纠纷后，将停止在其商店销售交易卡——这表明收藏品市场已经变得多么过热。</blockquote></p><p> The details: Last week, a Target in Wisconsin was locked down after a man was physically assaulted by four others over sports trading cards.</p><p><blockquote>细节：上周，威斯康星州的一个目标在一名男子因体育交易卡被另外四人殴打后被锁定。</blockquote></p><p> \"The safety of our guests and our team is our top priority,\" Target said in a statement. \"Out of an abundance of caution, we've decided to temporarily suspend the sale of MLB, NFL, NBA and Pokémon trading cards within our stores, effective [Friday].\"</p><p><blockquote>塔吉特在一份声明中表示：“客人和团队的安全是我们的首要任务。”“出于谨慎，我们决定暂时停止在我们的商店内销售 MLB、NFL、NBA 和神奇宝贝交易卡，自 [周五] 起生效。”</blockquote></p><p> The cards will still be available online, the company said.</p><p><blockquote>该公司表示，这些卡仍将在网上提供。</blockquote></p><p> Remember: The value of trading cards has skyrocketed in recent months during the Covid-19 pandemic. That's grabbed interest from both amateur and professional investors looking to cash in on spectacular returns.</p><p><blockquote>请记住：在 Covid-19 大流行期间，最近几个月交易卡的价值飙升。这引起了业余和专业投资者的兴趣，他们希望从惊人的回报中获利。</blockquote></p><p> Target previously was limiting card purchases to just one item a day, saying that guests were lining up overnight to get their hands on hot items, per CNN affiliate WISN.</p><p><blockquote>据美国有线电视新闻网 (CNN) 附属机构 WISN 报道，塔吉特此前将卡购买限制为每天只能购买一件商品，称客人整夜排队购买热门商品。</blockquote></p><p> Walmart (WMT), for its part, said it will keep selling cards in stores for now.</p><p><blockquote>沃尔玛 (WMT) 则表示，目前将继续在商店销售贺卡。</blockquote></p><p> \"We are determining what, if any, changes are needed to meet customer demand while ensuring a safe and enjoyable shopping experience,\" a spokesperson said in a statement.</p><p><blockquote>一位发言人在一份声明中表示：“我们正在确定需要做出哪些改变（如果有的话）来满足客户需求，同时确保安全愉快的购物体验。”</blockquote></p><p> <b>Up next</b></p><p><blockquote><b>下一个</b></blockquote></p><p> Data on US retail sales, import and export prices and industrial production arrives at 8:30 a.m. ET.</p><p><blockquote>美国零售销售、进出口价格和工业生产数据将于美国东部时间上午 8:30 公布。</blockquote></p><p> Coming next week: Home Depot (HD) and Lowe's (LOW) report earnings as the housing market booms.</p><p><blockquote>下周：随着房地产市场繁荣，家得宝 (HD) 和劳氏 (LOW) 公布收益。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://edition.cnn.com/2021/05/14/investing/premarket-stocks-trading/index.html\">CNN</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":{"DASH":"DoorDash, Inc.","DIS":"迪士尼","ABNB":"爱彼迎"},"source_url":"https://edition.cnn.com/2021/05/14/investing/premarket-stocks-trading/index.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1173244066","content_text":"London (CNN Business)Companies are gearing up for an era in which Covid-19 isn't the primary driver of how people spend their money.\nThe big question: As the coronavirus situation improves in countries like the United States, which trends from the past 14 months will have staying power, and which will be resigned to the pandemic past?\nAirbnb, DoorDash and Disney (DIS), which reported results after US markets closed on Thursday, provide some idea.\nAirbnb: The company said interest in travel is surging again as vaccines become more widely available, pointing to a sharp increase in bookings in the United Kingdom immediately after British Prime Minister Boris Johnson announced plans in February to gradually exit lockdown. For US customers aged 60 and above, searches on Airbnb for summer travel rose by more than 60% between February and March.\nThe company is also ready for more customers to use Airbnb for longer-term stays as they take advantage of greater acceptance of remote work. It said that nearly a quarter of stays last quarter were for 28 days or more, up 14% from 2019. Shares are down slightly in premarket trading.\nDoorDash: People are still ordering lots of food delivery even as restaurants open back up for traditional dining. DoorDash reported a 198% jump in revenue last quarter to $1.1 billion even as it dealt with a shortage of workers, and increased its full-year outlook.\n\"As markets continued reopening and in-store dining increased across the US, the impact to our order volume was smaller than we expected, which contributed to strong performance in the quarter,\" the company said, though it cautioned that may have been partially attributable to stimulus checks. Shares are up almost 9% in premarket trading.\nDisney: Streaming has carried Disney through the pandemic, with Disney+ growing to more than 100 million subscribers. Yet the biggest star in Disney's media universe appears to be shining a little less bright, sending shares down 4%.\nThe company said Thursday that Disney+ now has 103.6 million subscribers, below the 110 million Wall Street was expecting. That's forced investors to wonder: Is that because people are getting vaccinated and stepping away from streaming? Netflix also reported sluggish subscription growth last quarter.\nDown but not out: Disney said it remains on track to reach its long-term subscriber goals despite the apparent slowdown. It's betting that as the pandemic eases, it will be able to produce more movies and shows, helping to bring in new customers.\nWhether it's right will become clearer in the months ahead, which will pose the true test of whether people actually ditch their sweatpants, get out of the house and shake up the economy once again.\nIt could get easier to get a credit card without a credit score\nFor years, if you didn't have a credit score it was extremely difficult to get a credit card or certain types of loans. But a new plan among some of the nation's largest banks may help Americans without traditional credit histories get approved.\nTen banks — including JPMorgan Chase (JPM), Wells Fargo (WFC) and U.S. Bancorp (USB) — have tentatively agreed to a plan to share data like bank account deposits and bill payment activity to help qualify borrowers without traditional credit histories, according to the Wall Street Journal.\nThe push for financial institutions to come to a data sharing agreement came from a program run by the Office of the Comptroller of the Currency. The OCC has confirmed there is a plan, but the details of the agreement among the banks still need to be worked out.\nShould the proposed arrangement go through, it would mean that if you don't have a credit score but you have a bank account at Wells Fargo, for example, you can use that financial history to help you get a credit card with another bank, like JPMorgan Chase.\n\"This will give millions of Americans the opportunity to access credit that's essential to building wealth — buying a home, starting a business, or financing education,\" Trish Wexler, a spokesperson for JPMorgan Chase, told CNN Business.\nThe backstory: There are currently 53 million people without a credit score, according to the Fair Isaac Corporation, the creator of FICO credit scores. These consumers, who are disproportionately lower income and people of color, face higher borrowing costs because they're forced to turn to products like payday loans.\nBanks and lenders refer to those without credit history as \"credit invisible.\" This group can include young people or recent immigrants, as well as people who haven't used credit in a long time or who have lost their access due to financial difficulties.\nThe business angle: Big banks may also be eager to revise their policies as online upstarts chip away at demand for their products.\n\"Some of this cooperation among the biggest banks may be a bit of reaction to smaller banks and fintech companies infringing on their space,\" said Matt Schulz, chief industry analyst at LendingTree.\nTarget will temporarily stop selling trading cards amid frenzy\nTarget (TGT) has announced that it will stop selling trading cards in its stores following a violent dispute at one of its locations — a sign of just how overheated the market for collectibles has become.\nThe details: Last week, a Target in Wisconsin was locked down after a man was physically assaulted by four others over sports trading cards.\n\"The safety of our guests and our team is our top priority,\" Target said in a statement. \"Out of an abundance of caution, we've decided to temporarily suspend the sale of MLB, NFL, NBA and Pokémon trading cards within our stores, effective [Friday].\"\nThe cards will still be available online, the company said.\nRemember: The value of trading cards has skyrocketed in recent months during the Covid-19 pandemic. That's grabbed interest from both amateur and professional investors looking to cash in on spectacular returns.\nTarget previously was limiting card purchases to just one item a day, saying that guests were lining up overnight to get their hands on hot items, per CNN affiliate WISN.\nWalmart (WMT), for its part, said it will keep selling cards in stores for now.\n\"We are determining what, if any, changes are needed to meet customer demand while ensuring a safe and enjoyable shopping experience,\" a spokesperson said in a statement.\nUp next\nData on US retail sales, import and export prices and industrial production arrives at 8:30 a.m. ET.\nComing next week: Home Depot (HD) and Lowe's (LOW) report earnings as the housing market booms.","news_type":1,"symbols_score_info":{"ABNB":0.9,"DIS":0.9,"DASH":0.9}},"isVote":1,"tweetType":1,"viewCount":751,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":196272273,"gmtCreate":1621065393592,"gmtModify":1634194174649,"author":{"id":"3581738574656138","authorId":"3581738574656138","name":"victorchow","avatar":"https://static.tigerbbs.com/a6956fe8619a628c2db9e1c2e265981c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581738574656138","idStr":"3581738574656138"},"themes":[],"title":"","htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/196272273","repostId":"1173244066","repostType":4,"repost":{"id":"1173244066","kind":"news","pubTimestamp":1621004086,"share":"https://www.laohunote.com/m/news/1173244066?lang=zh_CN&edition=full","pubTime":"2021-05-14 22:54","market":"us","language":"en","title":"What Disney, Airbnb and DoorDash results reveal about the post-pandemic economy<blockquote>迪士尼、爱彼迎和 DoorDash 的业绩揭示了大流行后的经济</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1173244066","media":"CNN","summary":"London (CNN Business)Companies are gearing up for an era in which Covid-19 isn't the primary driver ","content":"<p>London (CNN Business)Companies are gearing up for an era in which Covid-19 isn't the primary driver of how people spend their money.</p><p><blockquote>伦敦（CNN Business）公司正在为一个时代做准备，在这个时代，Covid-19 不再是人们花钱的主要驱动力。</blockquote></p><p> The big question: As the coronavirus situation improves in countries like the United States, which trends from the past 14 months will have staying power, and which will be resigned to the pandemic past?</p><p><blockquote>最大的问题是：随着冠状病毒情况在美国等国家的改善，过去14个月的哪些趋势将具有持久力，哪些将屈服于疫情的过去？</blockquote></p><p> Airbnb, DoorDash and Disney (DIS), which reported results after US markets closed on Thursday, provide some idea.</p><p><blockquote>爱彼迎、DoorDash 和迪士尼 (DIS) 在美国市场周四收盘后公布了业绩，提供了一些思路。</blockquote></p><p> Airbnb: The company said interest in travel is surging again as vaccines become more widely available, pointing to a sharp increase in bookings in the United Kingdom immediately after British Prime Minister Boris Johnson announced plans in February to gradually exit lockdown. For US customers aged 60 and above, searches on Airbnb for summer travel rose by more than 60% between February and March.</p><p><blockquote>爱彼迎：该公司表示，随着疫苗变得更加广泛，人们对旅行的兴趣再次激增，这表明在英国首相鲍里斯·约翰逊 (Boris Johnson) 2 月份宣布逐步解除封锁的计划后，英国的预订量立即大幅增加。对于60岁及以上的美国客户来说，2月至3月期间，爱彼迎上夏季旅游的搜索量增长了60%以上。</blockquote></p><p> The company is also ready for more customers to use Airbnb for longer-term stays as they take advantage of greater acceptance of remote work. It said that nearly a quarter of stays last quarter were for 28 days or more, up 14% from 2019. Shares are down slightly in premarket trading.</p><p><blockquote>该公司还准备让更多的客户使用爱彼迎进行长期停留，因为他们利用了对远程工作的更大接受度。该公司表示，上季度近四分之一的住宿时间为 28 天或以上，比 2019 年增长了 14%。股价在盘前交易中小幅下跌。</blockquote></p><p> DoorDash: People are still ordering lots of food delivery even as restaurants open back up for traditional dining. DoorDash reported a 198% jump in revenue last quarter to $1.1 billion even as it dealt with a shortage of workers, and increased its full-year outlook.</p><p><blockquote>DoorDash：尽管餐馆重新开放传统餐饮，但人们仍然订购大量外卖。DoorDash 报告称，尽管面临工人短缺的问题，上季度收入仍增长了 198%，达到 11 亿美元，并上调了全年预期。</blockquote></p><p> \"As markets continued reopening and in-store dining increased across the US, the impact to our order volume was smaller than we expected, which contributed to strong performance in the quarter,\" the company said, though it cautioned that may have been partially attributable to stimulus checks. Shares are up almost 9% in premarket trading.</p><p><blockquote>该公司表示：“随着市场继续重新开放以及美国各地店内就餐的增加，对我们订单量的影响小于我们的预期，这促成了本季度的强劲业绩。”不过该公司警告称，这可能部分归因于刺激检查。股价在盘前交易中上涨近 9%。</blockquote></p><p> Disney: Streaming has carried Disney through the pandemic, with Disney+ growing to more than 100 million subscribers. Yet the biggest star in Disney's media universe appears to be shining a little less bright, sending shares down 4%.</p><p><blockquote>迪士尼：流媒体带领迪士尼穿越了疫情，迪士尼+的订阅用户已超过1亿。然而，这位迪士尼媒体界最大的明星似乎没有那么耀眼，导致股价下跌 4%。</blockquote></p><p> The company said Thursday that Disney+ now has 103.6 million subscribers, below the 110 million Wall Street was expecting. That's forced investors to wonder: Is that because people are getting vaccinated and stepping away from streaming? Netflix also reported sluggish subscription growth last quarter.</p><p><blockquote>该公司周四表示，Disney+ 目前拥有 1.036 亿用户，低于华尔街预期的 1.1 亿用户。这迫使投资者怀疑：这是因为人们正在接种疫苗并远离流媒体吗？Netflix 上季度还报告订阅增长缓慢。</blockquote></p><p> Down but not out: Disney said it remains on track to reach its long-term subscriber goals despite the apparent slowdown. It's betting that as the pandemic eases, it will be able to produce more movies and shows, helping to bring in new customers.</p><p><blockquote>下降但并未出局：迪士尼表示，尽管增长明显放缓，但仍有望实现其长期用户目标。它打赌，随着疫情的缓解，它将能够制作更多的电影和节目，帮助吸引新客户。</blockquote></p><p> Whether it's right will become clearer in the months ahead, which will pose the true test of whether people actually ditch their sweatpants, get out of the house and shake up the economy once again.</p><p><blockquote>这是否正确将在未来几个月变得更加清晰，这将真正考验人们是否真的扔掉运动裤，走出家门，再次撼动经济。</blockquote></p><p> <b>It could get easier to get a credit card without a credit score</b></p><p><blockquote><b>无需信用评分即可获得信用卡可能会变得更容易</b></blockquote></p><p> For years, if you didn't have a credit score it was extremely difficult to get a credit card or certain types of loans. But a new plan among some of the nation's largest banks may help Americans without traditional credit histories get approved.</p><p><blockquote>多年来，如果你没有信用评分，就很难获得信用卡或某些类型的贷款。但美国一些最大银行的一项新计划可能会帮助没有传统信用记录的美国人获得批准。</blockquote></p><p> Ten banks — including JPMorgan Chase (JPM), Wells Fargo (WFC) and U.S. Bancorp (USB) — have tentatively agreed to a plan to share data like bank account deposits and bill payment activity to help qualify borrowers without traditional credit histories, according to the Wall Street Journal.</p><p><blockquote>据《华尔街日报》报道，包括摩根大通 (JPM)、富国银行 (WFC) 和合众银行 (USB) 在内的十家银行已初步同意一项共享银行账户存款和账单支付活动等数据的计划，以帮助确定没有传统信用记录的借款人的资格。</blockquote></p><p> The push for financial institutions to come to a data sharing agreement came from a program run by the Office of the Comptroller of the Currency. The OCC has confirmed there is a plan, but the details of the agreement among the banks still need to be worked out.</p><p><blockquote>推动金融机构达成数据共享协议的动力来自货币监理署开展的一项计划。OCC已经确认有一个计划，但银行之间协议的细节仍需制定。</blockquote></p><p> Should the proposed arrangement go through, it would mean that if you don't have a credit score but you have a bank account at Wells Fargo, for example, you can use that financial history to help you get a credit card with another bank, like JPMorgan Chase.</p><p><blockquote>如果提议的安排获得通过，这将意味着，例如，如果您没有信用评分，但您在富国银行拥有银行账户，您可以使用该财务历史来帮助您获得另一家银行的信用卡，例如摩根大通。</blockquote></p><p> \"This will give millions of Americans the opportunity to access credit that's essential to building wealth — buying a home, starting a business, or financing education,\" Trish Wexler, a spokesperson for JPMorgan Chase, told CNN Business.</p><p><blockquote>摩根大通发言人特里什·韦克斯勒 (Trish Wexler) 告诉 CNN 商业频道：“这将使数百万美国人有机会获得积累财富所必需的信贷——买房、创业或资助教育。”</blockquote></p><p> The backstory: There are currently 53 million people without a credit score, according to the Fair Isaac Corporation, the creator of FICO credit scores. These consumers, who are disproportionately lower income and people of color, face higher borrowing costs because they're forced to turn to products like payday loans.</p><p><blockquote>背景故事：根据 FICO 信用评分的创建者 Fair Isaac Corporation 的数据，目前有 5300 万人没有信用评分。这些低收入和有色人种的消费者面临着更高的借贷成本，因为他们被迫转向发薪日贷款等产品。</blockquote></p><p> Banks and lenders refer to those without credit history as \"credit invisible.\" This group can include young people or recent immigrants, as well as people who haven't used credit in a long time or who have lost their access due to financial difficulties.</p><p><blockquote>银行和贷方将那些没有信用记录的人称为“隐形信用”。这个群体可能包括年轻人或新移民，以及很长时间没有使用信贷或由于经济困难而失去使用信贷的人。</blockquote></p><p> The business angle: Big banks may also be eager to revise their policies as online upstarts chip away at demand for their products.</p><p><blockquote>商业角度：随着在线新贵根据需求抢购其产品，大银行可能也渴望修改其政策。</blockquote></p><p></p><p> \"Some of this cooperation among the biggest banks may be a bit of reaction to smaller banks and fintech companies infringing on their space,\" said Matt Schulz, chief industry analyst at LendingTree.</p><p><blockquote>LendingTree 首席行业分析师马特·舒尔茨 (Matt Schulz) 表示：“最大银行之间的一些合作可能是对小型银行和金融科技公司侵犯其领域的一种反应。”</blockquote></p><p> <b>Target will temporarily stop selling trading cards amid frenzy</b></p><p><blockquote><b>塔吉特将在狂热中暂时停止销售交易卡</b></blockquote></p><p> Target (TGT) has announced that it will stop selling trading cards in its stores following a violent dispute at one of its locations — a sign of just how overheated the market for collectibles has become.</p><p><blockquote>塔吉特 (TGT) 宣布，在其一家门店发生暴力纠纷后，将停止在其商店销售交易卡——这表明收藏品市场已经变得多么过热。</blockquote></p><p> The details: Last week, a Target in Wisconsin was locked down after a man was physically assaulted by four others over sports trading cards.</p><p><blockquote>细节：上周，威斯康星州的一个目标在一名男子因体育交易卡被另外四人殴打后被锁定。</blockquote></p><p> \"The safety of our guests and our team is our top priority,\" Target said in a statement. \"Out of an abundance of caution, we've decided to temporarily suspend the sale of MLB, NFL, NBA and Pokémon trading cards within our stores, effective [Friday].\"</p><p><blockquote>塔吉特在一份声明中表示：“客人和团队的安全是我们的首要任务。”“出于谨慎，我们决定暂时停止在我们的商店内销售 MLB、NFL、NBA 和神奇宝贝交易卡，自 [周五] 起生效。”</blockquote></p><p> The cards will still be available online, the company said.</p><p><blockquote>该公司表示，这些卡仍将在网上提供。</blockquote></p><p> Remember: The value of trading cards has skyrocketed in recent months during the Covid-19 pandemic. That's grabbed interest from both amateur and professional investors looking to cash in on spectacular returns.</p><p><blockquote>请记住：在 Covid-19 大流行期间，最近几个月交易卡的价值飙升。这引起了业余和专业投资者的兴趣，他们希望从惊人的回报中获利。</blockquote></p><p> Target previously was limiting card purchases to just one item a day, saying that guests were lining up overnight to get their hands on hot items, per CNN affiliate WISN.</p><p><blockquote>据美国有线电视新闻网 (CNN) 附属机构 WISN 报道，塔吉特此前将卡购买限制为每天只能购买一件商品，称客人整夜排队购买热门商品。</blockquote></p><p> Walmart (WMT), for its part, said it will keep selling cards in stores for now.</p><p><blockquote>沃尔玛 (WMT) 则表示，目前将继续在商店销售贺卡。</blockquote></p><p> \"We are determining what, if any, changes are needed to meet customer demand while ensuring a safe and enjoyable shopping experience,\" a spokesperson said in a statement.</p><p><blockquote>一位发言人在一份声明中表示：“我们正在确定需要做出哪些改变（如果有的话）来满足客户需求，同时确保安全愉快的购物体验。”</blockquote></p><p> <b>Up next</b></p><p><blockquote><b>下一个</b></blockquote></p><p> Data on US retail sales, import and export prices and industrial production arrives at 8:30 a.m. ET.</p><p><blockquote>美国零售销售、进出口价格和工业生产数据将于美国东部时间上午 8:30 公布。</blockquote></p><p> Coming next week: Home Depot (HD) and Lowe's (LOW) report earnings as the housing market booms.</p><p><blockquote>下周：随着房地产市场繁荣，家得宝 (HD) 和劳氏 (LOW) 公布收益。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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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\">\nWhat Disney, Airbnb and DoorDash results reveal about the post-pandemic economy<blockquote>迪士尼、爱彼迎和 DoorDash 的业绩揭示了大流行后的经济</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">CNN</strong><span class=\"h-time small\">2021-05-14 22:54</span>\n</p>\n</h4>\n</header>\n<article>\n<p>London (CNN Business)Companies are gearing up for an era in which Covid-19 isn't the primary driver of how people spend their money.</p><p><blockquote>伦敦（CNN Business）公司正在为一个时代做准备，在这个时代，Covid-19 不再是人们花钱的主要驱动力。</blockquote></p><p> The big question: As the coronavirus situation improves in countries like the United States, which trends from the past 14 months will have staying power, and which will be resigned to the pandemic past?</p><p><blockquote>最大的问题是：随着冠状病毒情况在美国等国家的改善，过去14个月的哪些趋势将具有持久力，哪些将屈服于疫情的过去？</blockquote></p><p> Airbnb, DoorDash and Disney (DIS), which reported results after US markets closed on Thursday, provide some idea.</p><p><blockquote>爱彼迎、DoorDash 和迪士尼 (DIS) 在美国市场周四收盘后公布了业绩，提供了一些思路。</blockquote></p><p> Airbnb: The company said interest in travel is surging again as vaccines become more widely available, pointing to a sharp increase in bookings in the United Kingdom immediately after British Prime Minister Boris Johnson announced plans in February to gradually exit lockdown. For US customers aged 60 and above, searches on Airbnb for summer travel rose by more than 60% between February and March.</p><p><blockquote>爱彼迎：该公司表示，随着疫苗变得更加广泛，人们对旅行的兴趣再次激增，这表明在英国首相鲍里斯·约翰逊 (Boris Johnson) 2 月份宣布逐步解除封锁的计划后，英国的预订量立即大幅增加。对于60岁及以上的美国客户来说，2月至3月期间，爱彼迎上夏季旅游的搜索量增长了60%以上。</blockquote></p><p> The company is also ready for more customers to use Airbnb for longer-term stays as they take advantage of greater acceptance of remote work. It said that nearly a quarter of stays last quarter were for 28 days or more, up 14% from 2019. Shares are down slightly in premarket trading.</p><p><blockquote>该公司还准备让更多的客户使用爱彼迎进行长期停留，因为他们利用了对远程工作的更大接受度。该公司表示，上季度近四分之一的住宿时间为 28 天或以上，比 2019 年增长了 14%。股价在盘前交易中小幅下跌。</blockquote></p><p> DoorDash: People are still ordering lots of food delivery even as restaurants open back up for traditional dining. DoorDash reported a 198% jump in revenue last quarter to $1.1 billion even as it dealt with a shortage of workers, and increased its full-year outlook.</p><p><blockquote>DoorDash：尽管餐馆重新开放传统餐饮，但人们仍然订购大量外卖。DoorDash 报告称，尽管面临工人短缺的问题，上季度收入仍增长了 198%，达到 11 亿美元，并上调了全年预期。</blockquote></p><p> \"As markets continued reopening and in-store dining increased across the US, the impact to our order volume was smaller than we expected, which contributed to strong performance in the quarter,\" the company said, though it cautioned that may have been partially attributable to stimulus checks. Shares are up almost 9% in premarket trading.</p><p><blockquote>该公司表示：“随着市场继续重新开放以及美国各地店内就餐的增加，对我们订单量的影响小于我们的预期，这促成了本季度的强劲业绩。”不过该公司警告称，这可能部分归因于刺激检查。股价在盘前交易中上涨近 9%。</blockquote></p><p> Disney: Streaming has carried Disney through the pandemic, with Disney+ growing to more than 100 million subscribers. Yet the biggest star in Disney's media universe appears to be shining a little less bright, sending shares down 4%.</p><p><blockquote>迪士尼：流媒体带领迪士尼穿越了疫情，迪士尼+的订阅用户已超过1亿。然而，这位迪士尼媒体界最大的明星似乎没有那么耀眼，导致股价下跌 4%。</blockquote></p><p> The company said Thursday that Disney+ now has 103.6 million subscribers, below the 110 million Wall Street was expecting. That's forced investors to wonder: Is that because people are getting vaccinated and stepping away from streaming? Netflix also reported sluggish subscription growth last quarter.</p><p><blockquote>该公司周四表示，Disney+ 目前拥有 1.036 亿用户，低于华尔街预期的 1.1 亿用户。这迫使投资者怀疑：这是因为人们正在接种疫苗并远离流媒体吗？Netflix 上季度还报告订阅增长缓慢。</blockquote></p><p> Down but not out: Disney said it remains on track to reach its long-term subscriber goals despite the apparent slowdown. It's betting that as the pandemic eases, it will be able to produce more movies and shows, helping to bring in new customers.</p><p><blockquote>下降但并未出局：迪士尼表示，尽管增长明显放缓，但仍有望实现其长期用户目标。它打赌，随着疫情的缓解，它将能够制作更多的电影和节目，帮助吸引新客户。</blockquote></p><p> Whether it's right will become clearer in the months ahead, which will pose the true test of whether people actually ditch their sweatpants, get out of the house and shake up the economy once again.</p><p><blockquote>这是否正确将在未来几个月变得更加清晰，这将真正考验人们是否真的扔掉运动裤，走出家门，再次撼动经济。</blockquote></p><p> <b>It could get easier to get a credit card without a credit score</b></p><p><blockquote><b>无需信用评分即可获得信用卡可能会变得更容易</b></blockquote></p><p> For years, if you didn't have a credit score it was extremely difficult to get a credit card or certain types of loans. But a new plan among some of the nation's largest banks may help Americans without traditional credit histories get approved.</p><p><blockquote>多年来，如果你没有信用评分，就很难获得信用卡或某些类型的贷款。但美国一些最大银行的一项新计划可能会帮助没有传统信用记录的美国人获得批准。</blockquote></p><p> Ten banks — including JPMorgan Chase (JPM), Wells Fargo (WFC) and U.S. Bancorp (USB) — have tentatively agreed to a plan to share data like bank account deposits and bill payment activity to help qualify borrowers without traditional credit histories, according to the Wall Street Journal.</p><p><blockquote>据《华尔街日报》报道，包括摩根大通 (JPM)、富国银行 (WFC) 和合众银行 (USB) 在内的十家银行已初步同意一项共享银行账户存款和账单支付活动等数据的计划，以帮助确定没有传统信用记录的借款人的资格。</blockquote></p><p> The push for financial institutions to come to a data sharing agreement came from a program run by the Office of the Comptroller of the Currency. The OCC has confirmed there is a plan, but the details of the agreement among the banks still need to be worked out.</p><p><blockquote>推动金融机构达成数据共享协议的动力来自货币监理署开展的一项计划。OCC已经确认有一个计划，但银行之间协议的细节仍需制定。</blockquote></p><p> Should the proposed arrangement go through, it would mean that if you don't have a credit score but you have a bank account at Wells Fargo, for example, you can use that financial history to help you get a credit card with another bank, like JPMorgan Chase.</p><p><blockquote>如果提议的安排获得通过，这将意味着，例如，如果您没有信用评分，但您在富国银行拥有银行账户，您可以使用该财务历史来帮助您获得另一家银行的信用卡，例如摩根大通。</blockquote></p><p> \"This will give millions of Americans the opportunity to access credit that's essential to building wealth — buying a home, starting a business, or financing education,\" Trish Wexler, a spokesperson for JPMorgan Chase, told CNN Business.</p><p><blockquote>摩根大通发言人特里什·韦克斯勒 (Trish Wexler) 告诉 CNN 商业频道：“这将使数百万美国人有机会获得积累财富所必需的信贷——买房、创业或资助教育。”</blockquote></p><p> The backstory: There are currently 53 million people without a credit score, according to the Fair Isaac Corporation, the creator of FICO credit scores. These consumers, who are disproportionately lower income and people of color, face higher borrowing costs because they're forced to turn to products like payday loans.</p><p><blockquote>背景故事：根据 FICO 信用评分的创建者 Fair Isaac Corporation 的数据，目前有 5300 万人没有信用评分。这些低收入和有色人种的消费者面临着更高的借贷成本，因为他们被迫转向发薪日贷款等产品。</blockquote></p><p> Banks and lenders refer to those without credit history as \"credit invisible.\" This group can include young people or recent immigrants, as well as people who haven't used credit in a long time or who have lost their access due to financial difficulties.</p><p><blockquote>银行和贷方将那些没有信用记录的人称为“隐形信用”。这个群体可能包括年轻人或新移民，以及很长时间没有使用信贷或由于经济困难而失去使用信贷的人。</blockquote></p><p> The business angle: Big banks may also be eager to revise their policies as online upstarts chip away at demand for their products.</p><p><blockquote>商业角度：随着在线新贵根据需求抢购其产品，大银行可能也渴望修改其政策。</blockquote></p><p></p><p> \"Some of this cooperation among the biggest banks may be a bit of reaction to smaller banks and fintech companies infringing on their space,\" said Matt Schulz, chief industry analyst at LendingTree.</p><p><blockquote>LendingTree 首席行业分析师马特·舒尔茨 (Matt Schulz) 表示：“最大银行之间的一些合作可能是对小型银行和金融科技公司侵犯其领域的一种反应。”</blockquote></p><p> <b>Target will temporarily stop selling trading cards amid frenzy</b></p><p><blockquote><b>塔吉特将在狂热中暂时停止销售交易卡</b></blockquote></p><p> Target (TGT) has announced that it will stop selling trading cards in its stores following a violent dispute at one of its locations — a sign of just how overheated the market for collectibles has become.</p><p><blockquote>塔吉特 (TGT) 宣布，在其一家门店发生暴力纠纷后，将停止在其商店销售交易卡——这表明收藏品市场已经变得多么过热。</blockquote></p><p> The details: Last week, a Target in Wisconsin was locked down after a man was physically assaulted by four others over sports trading cards.</p><p><blockquote>细节：上周，威斯康星州的一个目标在一名男子因体育交易卡被另外四人殴打后被锁定。</blockquote></p><p> \"The safety of our guests and our team is our top priority,\" Target said in a statement. \"Out of an abundance of caution, we've decided to temporarily suspend the sale of MLB, NFL, NBA and Pokémon trading cards within our stores, effective [Friday].\"</p><p><blockquote>塔吉特在一份声明中表示：“客人和团队的安全是我们的首要任务。”“出于谨慎，我们决定暂时停止在我们的商店内销售 MLB、NFL、NBA 和神奇宝贝交易卡，自 [周五] 起生效。”</blockquote></p><p> The cards will still be available online, the company said.</p><p><blockquote>该公司表示，这些卡仍将在网上提供。</blockquote></p><p> Remember: The value of trading cards has skyrocketed in recent months during the Covid-19 pandemic. That's grabbed interest from both amateur and professional investors looking to cash in on spectacular returns.</p><p><blockquote>请记住：在 Covid-19 大流行期间，最近几个月交易卡的价值飙升。这引起了业余和专业投资者的兴趣，他们希望从惊人的回报中获利。</blockquote></p><p> Target previously was limiting card purchases to just one item a day, saying that guests were lining up overnight to get their hands on hot items, per CNN affiliate WISN.</p><p><blockquote>据美国有线电视新闻网 (CNN) 附属机构 WISN 报道，塔吉特此前将卡购买限制为每天只能购买一件商品，称客人整夜排队购买热门商品。</blockquote></p><p> Walmart (WMT), for its part, said it will keep selling cards in stores for now.</p><p><blockquote>沃尔玛 (WMT) 则表示，目前将继续在商店销售贺卡。</blockquote></p><p> \"We are determining what, if any, changes are needed to meet customer demand while ensuring a safe and enjoyable shopping experience,\" a spokesperson said in a statement.</p><p><blockquote>一位发言人在一份声明中表示：“我们正在确定需要做出哪些改变（如果有的话）来满足客户需求，同时确保安全愉快的购物体验。”</blockquote></p><p> <b>Up next</b></p><p><blockquote><b>下一个</b></blockquote></p><p> Data on US retail sales, import and export prices and industrial production arrives at 8:30 a.m. ET.</p><p><blockquote>美国零售销售、进出口价格和工业生产数据将于美国东部时间上午 8:30 公布。</blockquote></p><p> Coming next week: Home Depot (HD) and Lowe's (LOW) report earnings as the housing market booms.</p><p><blockquote>下周：随着房地产市场繁荣，家得宝 (HD) 和劳氏 (LOW) 公布收益。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://edition.cnn.com/2021/05/14/investing/premarket-stocks-trading/index.html\">CNN</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":{"DASH":"DoorDash, Inc.","DIS":"迪士尼","ABNB":"爱彼迎"},"source_url":"https://edition.cnn.com/2021/05/14/investing/premarket-stocks-trading/index.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1173244066","content_text":"London (CNN Business)Companies are gearing up for an era in which Covid-19 isn't the primary driver of how people spend their money.\nThe big question: As the coronavirus situation improves in countries like the United States, which trends from the past 14 months will have staying power, and which will be resigned to the pandemic past?\nAirbnb, DoorDash and Disney (DIS), which reported results after US markets closed on Thursday, provide some idea.\nAirbnb: The company said interest in travel is surging again as vaccines become more widely available, pointing to a sharp increase in bookings in the United Kingdom immediately after British Prime Minister Boris Johnson announced plans in February to gradually exit lockdown. For US customers aged 60 and above, searches on Airbnb for summer travel rose by more than 60% between February and March.\nThe company is also ready for more customers to use Airbnb for longer-term stays as they take advantage of greater acceptance of remote work. It said that nearly a quarter of stays last quarter were for 28 days or more, up 14% from 2019. Shares are down slightly in premarket trading.\nDoorDash: People are still ordering lots of food delivery even as restaurants open back up for traditional dining. DoorDash reported a 198% jump in revenue last quarter to $1.1 billion even as it dealt with a shortage of workers, and increased its full-year outlook.\n\"As markets continued reopening and in-store dining increased across the US, the impact to our order volume was smaller than we expected, which contributed to strong performance in the quarter,\" the company said, though it cautioned that may have been partially attributable to stimulus checks. Shares are up almost 9% in premarket trading.\nDisney: Streaming has carried Disney through the pandemic, with Disney+ growing to more than 100 million subscribers. Yet the biggest star in Disney's media universe appears to be shining a little less bright, sending shares down 4%.\nThe company said Thursday that Disney+ now has 103.6 million subscribers, below the 110 million Wall Street was expecting. That's forced investors to wonder: Is that because people are getting vaccinated and stepping away from streaming? Netflix also reported sluggish subscription growth last quarter.\nDown but not out: Disney said it remains on track to reach its long-term subscriber goals despite the apparent slowdown. It's betting that as the pandemic eases, it will be able to produce more movies and shows, helping to bring in new customers.\nWhether it's right will become clearer in the months ahead, which will pose the true test of whether people actually ditch their sweatpants, get out of the house and shake up the economy once again.\nIt could get easier to get a credit card without a credit score\nFor years, if you didn't have a credit score it was extremely difficult to get a credit card or certain types of loans. But a new plan among some of the nation's largest banks may help Americans without traditional credit histories get approved.\nTen banks — including JPMorgan Chase (JPM), Wells Fargo (WFC) and U.S. Bancorp (USB) — have tentatively agreed to a plan to share data like bank account deposits and bill payment activity to help qualify borrowers without traditional credit histories, according to the Wall Street Journal.\nThe push for financial institutions to come to a data sharing agreement came from a program run by the Office of the Comptroller of the Currency. The OCC has confirmed there is a plan, but the details of the agreement among the banks still need to be worked out.\nShould the proposed arrangement go through, it would mean that if you don't have a credit score but you have a bank account at Wells Fargo, for example, you can use that financial history to help you get a credit card with another bank, like JPMorgan Chase.\n\"This will give millions of Americans the opportunity to access credit that's essential to building wealth — buying a home, starting a business, or financing education,\" Trish Wexler, a spokesperson for JPMorgan Chase, told CNN Business.\nThe backstory: There are currently 53 million people without a credit score, according to the Fair Isaac Corporation, the creator of FICO credit scores. These consumers, who are disproportionately lower income and people of color, face higher borrowing costs because they're forced to turn to products like payday loans.\nBanks and lenders refer to those without credit history as \"credit invisible.\" This group can include young people or recent immigrants, as well as people who haven't used credit in a long time or who have lost their access due to financial difficulties.\nThe business angle: Big banks may also be eager to revise their policies as online upstarts chip away at demand for their products.\n\"Some of this cooperation among the biggest banks may be a bit of reaction to smaller banks and fintech companies infringing on their space,\" said Matt Schulz, chief industry analyst at LendingTree.\nTarget will temporarily stop selling trading cards amid frenzy\nTarget (TGT) has announced that it will stop selling trading cards in its stores following a violent dispute at one of its locations — a sign of just how overheated the market for collectibles has become.\nThe details: Last week, a Target in Wisconsin was locked down after a man was physically assaulted by four others over sports trading cards.\n\"The safety of our guests and our team is our top priority,\" Target said in a statement. \"Out of an abundance of caution, we've decided to temporarily suspend the sale of MLB, NFL, NBA and Pokémon trading cards within our stores, effective [Friday].\"\nThe cards will still be available online, the company said.\nRemember: The value of trading cards has skyrocketed in recent months during the Covid-19 pandemic. That's grabbed interest from both amateur and professional investors looking to cash in on spectacular returns.\nTarget previously was limiting card purchases to just one item a day, saying that guests were lining up overnight to get their hands on hot items, per CNN affiliate WISN.\nWalmart (WMT), for its part, said it will keep selling cards in stores for now.\n\"We are determining what, if any, changes are needed to meet customer demand while ensuring a safe and enjoyable shopping experience,\" a spokesperson said in a statement.\nUp next\nData on US retail sales, import and export prices and industrial production arrives at 8:30 a.m. ET.\nComing next week: Home Depot (HD) and Lowe's (LOW) report earnings as the housing market booms.","news_type":1,"symbols_score_info":{"ABNB":0.9,"DIS":0.9,"DASH":0.9}},"isVote":1,"tweetType":1,"viewCount":751,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":890767863,"gmtCreate":1628135539052,"gmtModify":1633753235594,"author":{"id":"3581738574656138","authorId":"3581738574656138","name":"victorchow","avatar":"https://static.tigerbbs.com/a6956fe8619a628c2db9e1c2e265981c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581738574656138","idStr":"3581738574656138"},"themes":[],"title":"","htmlText":"Haha..","listText":"Haha..","text":"Haha..","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/890767863","repostId":"1132789984","repostType":4,"repost":{"id":"1132789984","kind":"news","pubTimestamp":1628132627,"share":"https://www.laohunote.com/m/news/1132789984?lang=zh_CN&edition=full","pubTime":"2021-08-05 11:03","market":"us","language":"en","title":"Grab Is Growing Fast But The Valuation Is Too High<blockquote>Grab增长迅速，但估值过高</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1132789984","media":"seekingalpha","summary":"Summary\n\nGrab is set to merge with SPAC Altimeter Growth Corp. by the end of the year. Investors wan","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Grab is set to merge with SPAC Altimeter Growth Corp. by the end of the year. Investors wanting to invest in the company can do so by buying the SPAC shares now.</li>  <li>The company is valued at ~$45 billion, which we believe is way too generous.</li>  <li>It is still worth watching given the fact that it is the biggest super app in South East Asia and it offers a multitude of services.</li>  <li>Economic growth in South East Asia is expected to be robust, with annual growth estimated at 4.9% per year.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ed14131a10fe9b0fe4ffdc2d166eedfc\" tg-width=\"1536\" tg-height=\"1024\" width=\"100%\" height=\"auto\"><span>bankkgraphy/iStock via Getty Images</span></p><p><blockquote><ul><li>Grab 将于今年年底与 SPAC Altimeter Growth Corp. 合并。想要投资该公司的投资者可以立即购买 SPAC 股票。</li><li>该公司估值约为 450 亿美元，我们认为这太过慷慨了。</li><li>鉴于它是东南亚最大的超级应用程序，并且提供多种服务，它仍然值得一看。</li><li>东南亚的经济增长预计将强劲，年增长率估计为4.9%。</li></ul><p class=\"t-img-caption\"><span>bankkgraphy/iStock 来自 Getty Images</span></p></blockquote></p><p> Grab is the number one super app in Southeast Asia, investors not familiar with it can think of it as merging Uber with a banking app. Its services include mobility, package deliveries, food deliveries, and financial services. The company is still private but it is set to combine with SPAC Altimeter Growth Corp (AGC) by the end of the year.</p><p><blockquote>Grab是东南亚排名第一的超级应用，不熟悉它的投资者可以将其视为将优步与银行应用合并。其服务包括移动、包裹递送、食品递送和金融服务。该公司仍然是私营企业，但将在今年年底前与 SPAC Altimeter Growth Corp (AGC) 合并。</blockquote></p><p> So what is a super app? Grab imagines customers can use the app for many of their daily needs, from ordering a ride to ordering food, or even booking a hotel.</p><p><blockquote>那么什么是超级app呢？Grab设想客户可以使用该应用程序满足他们的许多日常需求，从叫车到订餐，甚至预订酒店。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/053fd9283dc37b6e74500543dc4cda48\" tg-width=\"640\" tg-height=\"298\" width=\"100%\" height=\"auto\"><span>Source: Grab Investor Presentation</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Grab 投资者演示</span></p></blockquote></p><p> Such ubiquity and number of service offerings has resulted in enormous growth for the app, reaching a Gross Merchandise Value (GMV) on its platform of $12.5 billion in 2020. Its net adjusted revenue reaching $1.6 billion, thanks to 1.9 billion transactions, making the app the number one in the region for deliveries, mobility, and financial services.</p><p><blockquote>这种无处不在和服务产品的数量导致了该应用程序的巨大增长，到2020年，其平台上的商品总价值（GMV）将达到125亿美元。得益于 19 亿笔交易，其调整后净收入达到 16 亿美元，使该应用成为该地区送货、移动和金融服务领域的第一大应用。</blockquote></p><p> This gives the platform significant scale, with year 2020 GMV of $5.5 billion for food deliveries, $3.2 billion for mobility, and $8.9 billion for financial services.</p><p><blockquote>这使得该平台具有巨大的规模，2020年食品配送的GMV为55亿美元，移动为32亿美元，金融服务为89亿美元。</blockquote></p><p> Such ubiquity and number of service offerings has resulted in enormous growth for the app, reaching a Gross Merchandise Value (GMV) on its platform of $12.5 billion in 2020. Its net adjusted revenue reaching $1.6 billion, thanks to 1.9 billion transactions, making the app the number one in the region for deliveries, mobility, and financial services.</p><p><blockquote>这种无处不在和服务产品的数量导致了该应用程序的巨大增长，到2020年，其平台上的商品总价值（GMV）将达到125亿美元。得益于 19 亿笔交易，其调整后净收入达到 16 亿美元，使该应用成为该地区送货、移动和金融服务领域的第一大应用。</blockquote></p><p> This gives the platform significant scale, with year 2020 GMV of $5.5 billion for food deliveries, $3.2 billion for mobility, and $8.9 billion for financial services.</p><p><blockquote>这使得该平台具有巨大的规模，2020年食品配送的GMV为55亿美元，移动为32亿美元，金融服务为89亿美元。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5c22a14f058c5206c6f97c9ee6555c40\" tg-width=\"640\" tg-height=\"350\" width=\"100%\" height=\"auto\"><span>Source: Grab Investor Presentation</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Grab 投资者演示</span></p></blockquote></p><p> <b>Cohort Analysis</b></p><p><blockquote><b>队列分析</b></blockquote></p><p> Looking at the different cohorts of users it is clear that the longer they have the app installed the more they transact on it. After three years users approximately double the transaction amount, and by year five they more than triple their transactions. This speaks to significant stickiness for the app, and it reflects high user satisfaction with it.</p><p><blockquote>看看不同的用户群体，很明显，他们安装应用程序的时间越长，他们在上面进行的交易就越多。三年后，用户的交易量大约翻了一番，到第五年，他们的交易量增加了两倍多。这说明了该应用程序的显著粘性，并反映了用户对它的高满意度。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0b1048371138429abea215d9d0f75b78\" tg-width=\"640\" tg-height=\"350\" width=\"100%\" height=\"auto\"><span>Source: Grab Investor Presentation</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Grab 投资者演示</span></p></blockquote></p><p> <b>International Expansion</b></p><p><blockquote><b>国际扩张</b></blockquote></p><p> One of the more exciting things about Grab is how many countries it operates in, and the number of services it offers in each. The slide below shows the services offered in each of the markets served by Grab.</p><p><blockquote>Grab更令人兴奋的事情之一是它在多少个国家开展业务，以及它在每个国家提供的服务数量。下面的幻灯片显示了Grab服务的每个市场提供的服务。</blockquote></p><p> While users come to the app initially for food deliveries and rides, we believe it will be the financial services that really bring profitable growth for the company. Things like loans, micro-credits, and insurance products should bring profitable growth for the company.</p><p><blockquote>虽然用户最初使用该应用程序是为了送餐和乘车，但我们相信，真正为公司带来盈利增长的将是金融服务。贷款、小额信贷和保险产品等产品应该会给公司带来盈利增长。</blockquote></p><p> According to the OECD,GDP for the region&nbsp;is expected to grow by 4.9% per year during the period 2020-2024, slightly down from the average rate of 5% in 2013-2017.</p><p><blockquote>根据经合组织的数据，2020-2024年期间，该地区的GDP预计每年增长4.9%，略低于2013-2017年5%的平均增长率。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b094b954a6ff2a9be4fc65c073208521\" tg-width=\"640\" tg-height=\"361\" width=\"100%\" height=\"auto\"><span>Source: Grab Investor Presentation</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Grab 投资者演示</span></p></blockquote></p><p> <b>Financials</b></p><p><blockquote><b>财务</b></blockquote></p><p> Turning our attention to the financials we see that the company isn't projecting to become EBITDA profitable until 2023, when it is projected to reach $0.5 billion. This gives the company an EV/EBITDA 2023 multiple of ~60x, which we find excessive given the uncertainty of the financial projections and the level of risk. We understand some investors are confident the company will achieve operating leverage and that it will continue growing for many years, but even then we believe the valuation to be too demanding given the level of uncertainty for future results.</p><p><blockquote>将我们的注意力转向财务状况，我们发现该公司预计要到 2023 年才能实现 EBITDA 盈利，届时预计将达到 5 亿美元。这使得该公司的 2023 年 EV/EBITDA 倍数约为 60 倍，考虑到财务预测的不确定性和风险水平，我们认为该倍数过高。我们理解一些投资者相信该公司将实现运营杠杆并将继续增长多年，但即便如此，考虑到未来业绩的不确定性，我们认为估值要求过高。</blockquote></p><p></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/05b52eab933ed612ab245e32a04c21a8\" tg-width=\"640\" tg-height=\"350\" width=\"100%\" height=\"auto\"><span>Source: Grab Investor Presentation</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Grab 投资者演示</span></p></blockquote></p><p> <b>Risks</b></p><p><blockquote><b>风险</b></blockquote></p><p> The main risk we see with an investment in Grab is over paying for the shares. While the company's app is ubiquitous in South East Asia the current valuation already prices significant growth and profitability improvements. In other words, it is priced for perfection.</p><p><blockquote>我们看到投资 Grab 的主要风险是为股票支付过高的价格。虽然该公司的应用程序在东南亚无处不在，但目前的估值已经表明了显着的增长和盈利能力的提高。换句话说，它是为完美定价的。</blockquote></p><p> There is also the matter of competition, where several well funded companies are going to fight for market share and erode profitability. These include Uber in some markets, but mainly&nbsp;Indonesia's GoTo,the company created through the merger of ride-sharing firm Gojek and e-commerce company Tokopedia.</p><p><blockquote>还有竞争问题，几家资金雄厚的公司将争夺市场份额并侵蚀盈利能力。其中包括一些市场的 Uber，但主要是印度尼西亚的 GoTo，该公司由拼车公司 Gojek 和电子商务公司 Tokopedia 合并而成。</blockquote></p><p> We find the company exciting and will continue to follow its progress, but at this time we are not buyers of the shares.</p><p><blockquote>我们发现该公司令人兴奋，并将继续关注其进展，但目前我们不是股票的买家。</blockquote></p><p> <b>Conclusion</b></p><p><blockquote><b>结论</b></blockquote></p><p> Grab is one of the most exciting companies right now that offers broad exposure to the economic growth in South East Asia. The&nbsp;company keeps&nbsp;growing and adding services to its app, while gaining users and getting closer to profitability.</p><p><blockquote>Grab是目前最令人兴奋的公司之一，它为东南亚的经济增长提供了广泛的机会。该公司不断发展并为其应用程序添加服务，同时获得用户并接近盈利。</blockquote></p><p> The one problem we have with an investment in the company is that at current prices much of the growth is already priced in. Unless the company manages to exceed expectations we do not see how investors at this price could get a good return on investment.</p><p><blockquote>我们投资该公司的一个问题是，按照目前的价格，大部分增长已经被定价了。除非该公司设法超出预期，否则我们看不出投资者如何以这个价格获得良好的投资回报。</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>Grab Is Growing Fast But The Valuation Is Too High<blockquote>Grab增长迅速，但估值过高</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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\">\nGrab Is Growing Fast But The Valuation Is Too High<blockquote>Grab增长迅速，但估值过高</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">seekingalpha</strong><span class=\"h-time small\">2021-08-05 11:03</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>Grab is set to merge with SPAC Altimeter Growth Corp. by the end of the year. Investors wanting to invest in the company can do so by buying the SPAC shares now.</li>  <li>The company is valued at ~$45 billion, which we believe is way too generous.</li>  <li>It is still worth watching given the fact that it is the biggest super app in South East Asia and it offers a multitude of services.</li>  <li>Economic growth in South East Asia is expected to be robust, with annual growth estimated at 4.9% per year.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ed14131a10fe9b0fe4ffdc2d166eedfc\" tg-width=\"1536\" tg-height=\"1024\" width=\"100%\" height=\"auto\"><span>bankkgraphy/iStock via Getty Images</span></p><p><blockquote><ul><li>Grab 将于今年年底与 SPAC Altimeter Growth Corp. 合并。想要投资该公司的投资者可以立即购买 SPAC 股票。</li><li>该公司估值约为 450 亿美元，我们认为这太过慷慨了。</li><li>鉴于它是东南亚最大的超级应用程序，并且提供多种服务，它仍然值得一看。</li><li>东南亚的经济增长预计将强劲，年增长率估计为4.9%。</li></ul><p class=\"t-img-caption\"><span>bankkgraphy/iStock 来自 Getty Images</span></p></blockquote></p><p> Grab is the number one super app in Southeast Asia, investors not familiar with it can think of it as merging Uber with a banking app. Its services include mobility, package deliveries, food deliveries, and financial services. The company is still private but it is set to combine with SPAC Altimeter Growth Corp (AGC) by the end of the year.</p><p><blockquote>Grab是东南亚排名第一的超级应用，不熟悉它的投资者可以将其视为将优步与银行应用合并。其服务包括移动、包裹递送、食品递送和金融服务。该公司仍然是私营企业，但将在今年年底前与 SPAC Altimeter Growth Corp (AGC) 合并。</blockquote></p><p> So what is a super app? Grab imagines customers can use the app for many of their daily needs, from ordering a ride to ordering food, or even booking a hotel.</p><p><blockquote>那么什么是超级app呢？Grab设想客户可以使用该应用程序满足他们的许多日常需求，从叫车到订餐，甚至预订酒店。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/053fd9283dc37b6e74500543dc4cda48\" tg-width=\"640\" tg-height=\"298\" width=\"100%\" height=\"auto\"><span>Source: Grab Investor Presentation</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Grab 投资者演示</span></p></blockquote></p><p> Such ubiquity and number of service offerings has resulted in enormous growth for the app, reaching a Gross Merchandise Value (GMV) on its platform of $12.5 billion in 2020. Its net adjusted revenue reaching $1.6 billion, thanks to 1.9 billion transactions, making the app the number one in the region for deliveries, mobility, and financial services.</p><p><blockquote>这种无处不在和服务产品的数量导致了该应用程序的巨大增长，到2020年，其平台上的商品总价值（GMV）将达到125亿美元。得益于 19 亿笔交易，其调整后净收入达到 16 亿美元，使该应用成为该地区送货、移动和金融服务领域的第一大应用。</blockquote></p><p> This gives the platform significant scale, with year 2020 GMV of $5.5 billion for food deliveries, $3.2 billion for mobility, and $8.9 billion for financial services.</p><p><blockquote>这使得该平台具有巨大的规模，2020年食品配送的GMV为55亿美元，移动为32亿美元，金融服务为89亿美元。</blockquote></p><p> Such ubiquity and number of service offerings has resulted in enormous growth for the app, reaching a Gross Merchandise Value (GMV) on its platform of $12.5 billion in 2020. Its net adjusted revenue reaching $1.6 billion, thanks to 1.9 billion transactions, making the app the number one in the region for deliveries, mobility, and financial services.</p><p><blockquote>这种无处不在和服务产品的数量导致了该应用程序的巨大增长，到2020年，其平台上的商品总价值（GMV）将达到125亿美元。得益于 19 亿笔交易，其调整后净收入达到 16 亿美元，使该应用成为该地区送货、移动和金融服务领域的第一大应用。</blockquote></p><p> This gives the platform significant scale, with year 2020 GMV of $5.5 billion for food deliveries, $3.2 billion for mobility, and $8.9 billion for financial services.</p><p><blockquote>这使得该平台具有巨大的规模，2020年食品配送的GMV为55亿美元，移动为32亿美元，金融服务为89亿美元。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5c22a14f058c5206c6f97c9ee6555c40\" tg-width=\"640\" tg-height=\"350\" width=\"100%\" height=\"auto\"><span>Source: Grab Investor Presentation</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Grab 投资者演示</span></p></blockquote></p><p> <b>Cohort Analysis</b></p><p><blockquote><b>队列分析</b></blockquote></p><p> Looking at the different cohorts of users it is clear that the longer they have the app installed the more they transact on it. After three years users approximately double the transaction amount, and by year five they more than triple their transactions. This speaks to significant stickiness for the app, and it reflects high user satisfaction with it.</p><p><blockquote>看看不同的用户群体，很明显，他们安装应用程序的时间越长，他们在上面进行的交易就越多。三年后，用户的交易量大约翻了一番，到第五年，他们的交易量增加了两倍多。这说明了该应用程序的显著粘性，并反映了用户对它的高满意度。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0b1048371138429abea215d9d0f75b78\" tg-width=\"640\" tg-height=\"350\" width=\"100%\" height=\"auto\"><span>Source: Grab Investor Presentation</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Grab 投资者演示</span></p></blockquote></p><p> <b>International Expansion</b></p><p><blockquote><b>国际扩张</b></blockquote></p><p> One of the more exciting things about Grab is how many countries it operates in, and the number of services it offers in each. The slide below shows the services offered in each of the markets served by Grab.</p><p><blockquote>Grab更令人兴奋的事情之一是它在多少个国家开展业务，以及它在每个国家提供的服务数量。下面的幻灯片显示了Grab服务的每个市场提供的服务。</blockquote></p><p> While users come to the app initially for food deliveries and rides, we believe it will be the financial services that really bring profitable growth for the company. Things like loans, micro-credits, and insurance products should bring profitable growth for the company.</p><p><blockquote>虽然用户最初使用该应用程序是为了送餐和乘车，但我们相信，真正为公司带来盈利增长的将是金融服务。贷款、小额信贷和保险产品等产品应该会给公司带来盈利增长。</blockquote></p><p> According to the OECD,GDP for the region&nbsp;is expected to grow by 4.9% per year during the period 2020-2024, slightly down from the average rate of 5% in 2013-2017.</p><p><blockquote>根据经合组织的数据，2020-2024年期间，该地区的GDP预计每年增长4.9%，略低于2013-2017年5%的平均增长率。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b094b954a6ff2a9be4fc65c073208521\" tg-width=\"640\" tg-height=\"361\" width=\"100%\" height=\"auto\"><span>Source: Grab Investor Presentation</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Grab 投资者演示</span></p></blockquote></p><p> <b>Financials</b></p><p><blockquote><b>财务</b></blockquote></p><p> Turning our attention to the financials we see that the company isn't projecting to become EBITDA profitable until 2023, when it is projected to reach $0.5 billion. This gives the company an EV/EBITDA 2023 multiple of ~60x, which we find excessive given the uncertainty of the financial projections and the level of risk. We understand some investors are confident the company will achieve operating leverage and that it will continue growing for many years, but even then we believe the valuation to be too demanding given the level of uncertainty for future results.</p><p><blockquote>将我们的注意力转向财务状况，我们发现该公司预计要到 2023 年才能实现 EBITDA 盈利，届时预计将达到 5 亿美元。这使得该公司的 2023 年 EV/EBITDA 倍数约为 60 倍，考虑到财务预测的不确定性和风险水平，我们认为该倍数过高。我们理解一些投资者相信该公司将实现运营杠杆并将继续增长多年，但即便如此，考虑到未来业绩的不确定性，我们认为估值要求过高。</blockquote></p><p></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/05b52eab933ed612ab245e32a04c21a8\" tg-width=\"640\" tg-height=\"350\" width=\"100%\" height=\"auto\"><span>Source: Grab Investor Presentation</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Grab 投资者演示</span></p></blockquote></p><p> <b>Risks</b></p><p><blockquote><b>风险</b></blockquote></p><p> The main risk we see with an investment in Grab is over paying for the shares. While the company's app is ubiquitous in South East Asia the current valuation already prices significant growth and profitability improvements. In other words, it is priced for perfection.</p><p><blockquote>我们看到投资 Grab 的主要风险是为股票支付过高的价格。虽然该公司的应用程序在东南亚无处不在，但目前的估值已经表明了显着的增长和盈利能力的提高。换句话说，它是为完美定价的。</blockquote></p><p> There is also the matter of competition, where several well funded companies are going to fight for market share and erode profitability. These include Uber in some markets, but mainly&nbsp;Indonesia's GoTo,the company created through the merger of ride-sharing firm Gojek and e-commerce company Tokopedia.</p><p><blockquote>还有竞争问题，几家资金雄厚的公司将争夺市场份额并侵蚀盈利能力。其中包括一些市场的 Uber，但主要是印度尼西亚的 GoTo，该公司由拼车公司 Gojek 和电子商务公司 Tokopedia 合并而成。</blockquote></p><p> We find the company exciting and will continue to follow its progress, but at this time we are not buyers of the shares.</p><p><blockquote>我们发现该公司令人兴奋，并将继续关注其进展，但目前我们不是股票的买家。</blockquote></p><p> <b>Conclusion</b></p><p><blockquote><b>结论</b></blockquote></p><p> Grab is one of the most exciting companies right now that offers broad exposure to the economic growth in South East Asia. The&nbsp;company keeps&nbsp;growing and adding services to its app, while gaining users and getting closer to profitability.</p><p><blockquote>Grab是目前最令人兴奋的公司之一，它为东南亚的经济增长提供了广泛的机会。该公司不断发展并为其应用程序添加服务，同时获得用户并接近盈利。</blockquote></p><p> The one problem we have with an investment in the company is that at current prices much of the growth is already priced in. Unless the company manages to exceed expectations we do not see how investors at this price could get a good return on investment.</p><p><blockquote>我们投资该公司的一个问题是，按照目前的价格，大部分增长已经被定价了。除非该公司设法超出预期，否则我们看不出投资者如何以这个价格获得良好的投资回报。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4445020-grab-is-growing-fast-but-the-valuation-is-too-high\">seekingalpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://seekingalpha.com/article/4445020-grab-is-growing-fast-but-the-valuation-is-too-high","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1132789984","content_text":"Summary\n\nGrab is set to merge with SPAC Altimeter Growth Corp. by the end of the year. Investors wanting to invest in the company can do so by buying the SPAC shares now.\nThe company is valued at ~$45 billion, which we believe is way too generous.\nIt is still worth watching given the fact that it is the biggest super app in South East Asia and it offers a multitude of services.\nEconomic growth in South East Asia is expected to be robust, with annual growth estimated at 4.9% per year.\n\nbankkgraphy/iStock via Getty Images\nGrab is the number one super app in Southeast Asia, investors not familiar with it can think of it as merging Uber with a banking app. Its services include mobility, package deliveries, food deliveries, and financial services. The company is still private but it is set to combine with SPAC Altimeter Growth Corp (AGC) by the end of the year.\nSo what is a super app? Grab imagines customers can use the app for many of their daily needs, from ordering a ride to ordering food, or even booking a hotel.\nSource: Grab Investor Presentation\nSuch ubiquity and number of service offerings has resulted in enormous growth for the app, reaching a Gross Merchandise Value (GMV) on its platform of $12.5 billion in 2020. Its net adjusted revenue reaching $1.6 billion, thanks to 1.9 billion transactions, making the app the number one in the region for deliveries, mobility, and financial services.\nThis gives the platform significant scale, with year 2020 GMV of $5.5 billion for food deliveries, $3.2 billion for mobility, and $8.9 billion for financial services.\nSuch ubiquity and number of service offerings has resulted in enormous growth for the app, reaching a Gross Merchandise Value (GMV) on its platform of $12.5 billion in 2020. Its net adjusted revenue reaching $1.6 billion, thanks to 1.9 billion transactions, making the app the number one in the region for deliveries, mobility, and financial services.\nThis gives the platform significant scale, with year 2020 GMV of $5.5 billion for food deliveries, $3.2 billion for mobility, and $8.9 billion for financial services.\nSource: Grab Investor Presentation\nCohort Analysis\nLooking at the different cohorts of users it is clear that the longer they have the app installed the more they transact on it. After three years users approximately double the transaction amount, and by year five they more than triple their transactions. This speaks to significant stickiness for the app, and it reflects high user satisfaction with it.\nSource: Grab Investor Presentation\nInternational Expansion\nOne of the more exciting things about Grab is how many countries it operates in, and the number of services it offers in each. The slide below shows the services offered in each of the markets served by Grab.\nWhile users come to the app initially for food deliveries and rides, we believe it will be the financial services that really bring profitable growth for the company. Things like loans, micro-credits, and insurance products should bring profitable growth for the company.\nAccording to the OECD,GDP for the region is expected to grow by 4.9% per year during the period 2020-2024, slightly down from the average rate of 5% in 2013-2017.\nSource: Grab Investor Presentation\nFinancials\nTurning our attention to the financials we see that the company isn't projecting to become EBITDA profitable until 2023, when it is projected to reach $0.5 billion. This gives the company an EV/EBITDA 2023 multiple of ~60x, which we find excessive given the uncertainty of the financial projections and the level of risk. We understand some investors are confident the company will achieve operating leverage and that it will continue growing for many years, but even then we believe the valuation to be too demanding given the level of uncertainty for future results.\nSource: Grab Investor Presentation\nRisks\nThe main risk we see with an investment in Grab is over paying for the shares. While the company's app is ubiquitous in South East Asia the current valuation already prices significant growth and profitability improvements. In other words, it is priced for perfection.\nThere is also the matter of competition, where several well funded companies are going to fight for market share and erode profitability. These include Uber in some markets, but mainly Indonesia's GoTo,the company created through the merger of ride-sharing firm Gojek and e-commerce company Tokopedia.\nWe find the company exciting and will continue to follow its progress, but at this time we are not buyers of the shares.\nConclusion\nGrab is one of the most exciting companies right now that offers broad exposure to the economic growth in South East Asia. The company keeps growing and adding services to its app, while gaining users and getting closer to profitability.\nThe one problem we have with an investment in the company is that at current prices much of the growth is already priced in. Unless the company manages to exceed expectations we do not see how investors at this price could get a good return on investment.","news_type":1,"symbols_score_info":{"AGC":0.9}},"isVote":1,"tweetType":1,"viewCount":3180,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":808330231,"gmtCreate":1627555306223,"gmtModify":1633763851589,"author":{"id":"3581738574656138","authorId":"3581738574656138","name":"victorchow","avatar":"https://static.tigerbbs.com/a6956fe8619a628c2db9e1c2e265981c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581738574656138","idStr":"3581738574656138"},"themes":[],"title":"","htmlText":"Yeh...","listText":"Yeh...","text":"Yeh...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/808330231","repostId":"1150368331","repostType":4,"repost":{"id":"1150368331","kind":"news","pubTimestamp":1627550617,"share":"https://www.laohunote.com/m/news/1150368331?lang=zh_CN&edition=full","pubTime":"2021-07-29 17:23","market":"us","language":"en","title":"Stock-market investors are ‘staring down the barrel of seasonal weakness for next 3 months’<blockquote>股市投资者“将目光投向未来三个月的季节性疲软”</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1150368331","media":"MarketWatch","summary":"Stock market likely to face ‘readjustment period’: deGraaf\nMidsummer blues? SEBASTIEN SALOM-GOMIS/AG","content":"<p>Stock market likely to face ‘readjustment period’: deGraaf</p><p><blockquote>德格拉夫：股市可能面临“调整期”</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bdd60b246407ebeffde47c97ef392dbb\" tg-width=\"700\" tg-height=\"467\" width=\"100%\" height=\"auto\"><span>Midsummer blues? SEBASTIEN SALOM-GOMIS/AGENCE FRANCE-PRESSE/GETTY IMAGES</span></p><p><blockquote><p class=\"t-img-caption\"><span>仲夏蓝调？塞巴斯蒂安·萨洛姆-戈米斯/法新社/盖蒂图片社</span></p></blockquote></p><p> It’s the most unfavorable time of the year when it comes to stock-market “seasonality”, and while that’s usually not enough to dictate market calls, it’s worth paying attention to, a top Wall Street chart watcher warned on Wednesday.</p><p><blockquote>华尔街一位顶级图表观察家周三警告说，就股市 “季节性 ”而言，这是一年中最不利的时期，虽然这通常不足以决定市场评级，但值得关注。</blockquote></p><p> “We are now standing at the weakest point in market seasonality for the next three months,” said Jeff deGraaf, founder of Renaissance Macro Research, in a Thursday note, referring to the chart tracking seasonal 3-month forward returns below:</p><p><blockquote>“文艺复兴宏观研究公司（Renaissance Macro Research）创始人杰夫-德格拉夫（Jeff deGraaf）在周四的一份报告中说：”我们现在正处于未来三个月市场季节性最弱的阶段，他指的是下面这张追踪季节性 3 个月远期回报率的图表：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6ca9bfb57bece1c32df911d998c4de19\" tg-width=\"700\" tg-height=\"564\" width=\"100%\" height=\"auto\"><span>RENAISSANCE MACRO</span></p><p><blockquote><p class=\"t-img-caption\"><span>文艺复兴宏观</span></p></blockquote></p><p> “The data goes back to 1928 and is rarely a sufficient catalyst to make a call, but with breadth divergences, elevated sentiment, and peak-data we suspect seasonal patterns will be more typical than not,” he wrote.</p><p><blockquote>“他写道：”这些数据可以追溯到 1928 年，很少能成为做出看涨期权的足够催化剂，但由于广度差异、情绪高涨和数据高峰，我们怀疑季节性模式将更加典型。</blockquote></p><p> Seasonality refers to the tendency of markets to perform better or worse during certain periods of the year. It’s perhaps most famously illustrated by the stock-market adage, “sell in May and go away,,” which refers to the historical tendency for the stock market to perform better from November through April than from May through October.</p><p><blockquote>季节性是指市场在一年中的某些时期表现更好或更差的趋势。股市格言 “五月卖出，离场 ”也许最著名地说明了这一点，这句格言指的是股市从 11 月到 4 月的表现好于从 5 月到 10 月的历史趋势。</blockquote></p><p> As deGraaf indicated, such seasonal factors typically aren’t viewed as sufficient in themselves to justify making trading calls.</p><p><blockquote>正如德格拉夫所指出的，这些季节性因素本身通常不足以成为交易评级的理由。</blockquote></p><p> The Dow Jones Industrial Average,S&amp;P 500&nbsp;and Nasdaq Composite&nbsp;pulled back Tuesday after finishing at record levels in the previous session. Stocks were&nbsp;putting in a mixed performance&nbsp;on Wednesday.</p><p><blockquote>道琼斯工业平均指数、标准普尔500指数和纳斯达克综合指数在前一交易日收于创纪录水平后，周二回落。周三股市表现好坏参半。</blockquote></p><p> So what does he expect the next three months to look like?</p><p><blockquote>那么他预计接下来的三个月会是什么样子呢？</blockquote></p><p> “It’s likely to be a readjustment period, rotational and important to pay attention to relative strength changes,” he said.</p><p><blockquote>“他说：”这很可能是一个重新调整期，是一个轮换期，重要的是要注意相对实力的变化。</blockquote></p><p></p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock-market investors are ‘staring down the barrel of seasonal weakness for next 3 months’<blockquote>股市投资者“将目光投向未来三个月的季节性疲软”</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\">\nStock-market investors are ‘staring down the barrel of seasonal weakness for next 3 months’<blockquote>股市投资者“将目光投向未来三个月的季节性疲软”</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-07-29 17:23</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Stock market likely to face ‘readjustment period’: deGraaf</p><p><blockquote>德格拉夫：股市可能面临“调整期”</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bdd60b246407ebeffde47c97ef392dbb\" tg-width=\"700\" tg-height=\"467\" width=\"100%\" height=\"auto\"><span>Midsummer blues? SEBASTIEN SALOM-GOMIS/AGENCE FRANCE-PRESSE/GETTY IMAGES</span></p><p><blockquote><p class=\"t-img-caption\"><span>仲夏蓝调？塞巴斯蒂安·萨洛姆-戈米斯/法新社/盖蒂图片社</span></p></blockquote></p><p> It’s the most unfavorable time of the year when it comes to stock-market “seasonality”, and while that’s usually not enough to dictate market calls, it’s worth paying attention to, a top Wall Street chart watcher warned on Wednesday.</p><p><blockquote>华尔街一位顶级图表观察家周三警告说，就股市 “季节性 ”而言，这是一年中最不利的时期，虽然这通常不足以决定市场评级，但值得关注。</blockquote></p><p> “We are now standing at the weakest point in market seasonality for the next three months,” said Jeff deGraaf, founder of Renaissance Macro Research, in a Thursday note, referring to the chart tracking seasonal 3-month forward returns below:</p><p><blockquote>“文艺复兴宏观研究公司（Renaissance Macro Research）创始人杰夫-德格拉夫（Jeff deGraaf）在周四的一份报告中说：”我们现在正处于未来三个月市场季节性最弱的阶段，他指的是下面这张追踪季节性 3 个月远期回报率的图表：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6ca9bfb57bece1c32df911d998c4de19\" tg-width=\"700\" tg-height=\"564\" width=\"100%\" height=\"auto\"><span>RENAISSANCE MACRO</span></p><p><blockquote><p class=\"t-img-caption\"><span>文艺复兴宏观</span></p></blockquote></p><p> “The data goes back to 1928 and is rarely a sufficient catalyst to make a call, but with breadth divergences, elevated sentiment, and peak-data we suspect seasonal patterns will be more typical than not,” he wrote.</p><p><blockquote>“他写道：”这些数据可以追溯到 1928 年，很少能成为做出看涨期权的足够催化剂，但由于广度差异、情绪高涨和数据高峰，我们怀疑季节性模式将更加典型。</blockquote></p><p> Seasonality refers to the tendency of markets to perform better or worse during certain periods of the year. It’s perhaps most famously illustrated by the stock-market adage, “sell in May and go away,,” which refers to the historical tendency for the stock market to perform better from November through April than from May through October.</p><p><blockquote>季节性是指市场在一年中的某些时期表现更好或更差的趋势。股市格言 “五月卖出，离场 ”也许最著名地说明了这一点，这句格言指的是股市从 11 月到 4 月的表现好于从 5 月到 10 月的历史趋势。</blockquote></p><p> As deGraaf indicated, such seasonal factors typically aren’t viewed as sufficient in themselves to justify making trading calls.</p><p><blockquote>正如德格拉夫所指出的，这些季节性因素本身通常不足以成为交易评级的理由。</blockquote></p><p> The Dow Jones Industrial Average,S&amp;P 500&nbsp;and Nasdaq Composite&nbsp;pulled back Tuesday after finishing at record levels in the previous session. Stocks were&nbsp;putting in a mixed performance&nbsp;on Wednesday.</p><p><blockquote>道琼斯工业平均指数、标准普尔500指数和纳斯达克综合指数在前一交易日收于创纪录水平后，周二回落。周三股市表现好坏参半。</blockquote></p><p> So what does he expect the next three months to look like?</p><p><blockquote>那么他预计接下来的三个月会是什么样子呢？</blockquote></p><p> “It’s likely to be a readjustment period, rotational and important to pay attention to relative strength changes,” he said.</p><p><blockquote>“他说：”这很可能是一个重新调整期，是一个轮换期，重要的是要注意相对实力的变化。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/stock-market-investors-are-staring-down-the-barrel-of-seasonal-weakness-for-next-3-months-11627482153?mod=home-page\">MarketWatch</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://www.marketwatch.com/story/stock-market-investors-are-staring-down-the-barrel-of-seasonal-weakness-for-next-3-months-11627482153?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1150368331","content_text":"Stock market likely to face ‘readjustment period’: deGraaf\nMidsummer blues? SEBASTIEN SALOM-GOMIS/AGENCE FRANCE-PRESSE/GETTY IMAGES\nIt’s the most unfavorable time of the year when it comes to stock-market “seasonality”, and while that’s usually not enough to dictate market calls, it’s worth paying attention to, a top Wall Street chart watcher warned on Wednesday.\n“We are now standing at the weakest point in market seasonality for the next three months,” said Jeff deGraaf, founder of Renaissance Macro Research, in a Thursday note, referring to the chart tracking seasonal 3-month forward returns below:\nRENAISSANCE MACRO\n“The data goes back to 1928 and is rarely a sufficient catalyst to make a call, but with breadth divergences, elevated sentiment, and peak-data we suspect seasonal patterns will be more typical than not,” he wrote.\nSeasonality refers to the tendency of markets to perform better or worse during certain periods of the year. It’s perhaps most famously illustrated by the stock-market adage, “sell in May and go away,,” which refers to the historical tendency for the stock market to perform better from November through April than from May through October.\nAs deGraaf indicated, such seasonal factors typically aren’t viewed as sufficient in themselves to justify making trading calls.\nThe Dow Jones Industrial Average,S&P 500 and Nasdaq Composite pulled back Tuesday after finishing at record levels in the previous session. Stocks were putting in a mixed performance on Wednesday.\nSo what does he expect the next three months to look like?\n“It’s likely to be a readjustment period, rotational and important to pay attention to relative strength changes,” he said.","news_type":1,"symbols_score_info":{".SPX":0.9,".DJI":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":1505,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":127628545,"gmtCreate":1624846912987,"gmtModify":1633948031810,"author":{"id":"3581738574656138","authorId":"3581738574656138","name":"victorchow","avatar":"https://static.tigerbbs.com/a6956fe8619a628c2db9e1c2e265981c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581738574656138","idStr":"3581738574656138"},"themes":[],"title":"","htmlText":"👍😁","listText":"👍😁","text":"👍😁","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/127628545","repostId":"2146007118","repostType":4,"isVote":1,"tweetType":1,"viewCount":1684,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":142435647,"gmtCreate":1626166681389,"gmtModify":1633929464292,"author":{"id":"3581738574656138","authorId":"3581738574656138","name":"victorchow","avatar":"https://static.tigerbbs.com/a6956fe8619a628c2db9e1c2e265981c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581738574656138","idStr":"3581738574656138"},"themes":[],"title":"","htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/142435647","repostId":"2151524845","repostType":4,"isVote":1,"tweetType":1,"viewCount":3520,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":165812368,"gmtCreate":1624115216554,"gmtModify":1634010573512,"author":{"id":"3581738574656138","authorId":"3581738574656138","name":"victorchow","avatar":"https://static.tigerbbs.com/a6956fe8619a628c2db9e1c2e265981c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581738574656138","idStr":"3581738574656138"},"themes":[],"title":"","htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/165812368","repostId":"1113942445","repostType":4,"isVote":1,"tweetType":1,"viewCount":3015,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":137013102,"gmtCreate":1622267335206,"gmtModify":1634102605400,"author":{"id":"3581738574656138","authorId":"3581738574656138","name":"victorchow","avatar":"https://static.tigerbbs.com/a6956fe8619a628c2db9e1c2e265981c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581738574656138","idStr":"3581738574656138"},"themes":[],"title":"","htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/137013102","repostId":"2138765488","repostType":4,"isVote":1,"tweetType":1,"viewCount":546,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":123451989,"gmtCreate":1624436036041,"gmtModify":1634006167920,"author":{"id":"3581738574656138","authorId":"3581738574656138","name":"victorchow","avatar":"https://static.tigerbbs.com/a6956fe8619a628c2db9e1c2e265981c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581738574656138","idStr":"3581738574656138"},"themes":[],"title":"","htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/123451989","repostId":"1128236138","repostType":4,"isVote":1,"tweetType":1,"viewCount":2599,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":153741219,"gmtCreate":1625053872831,"gmtModify":1633945426782,"author":{"id":"3581738574656138","authorId":"3581738574656138","name":"victorchow","avatar":"https://static.tigerbbs.com/a6956fe8619a628c2db9e1c2e265981c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581738574656138","idStr":"3581738574656138"},"themes":[],"title":"","htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/153741219","repostId":"2147857298","repostType":4,"isVote":1,"tweetType":1,"viewCount":3297,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":166288136,"gmtCreate":1624012083125,"gmtModify":1634024150489,"author":{"id":"3581738574656138","authorId":"3581738574656138","name":"victorchow","avatar":"https://static.tigerbbs.com/a6956fe8619a628c2db9e1c2e265981c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581738574656138","idStr":"3581738574656138"},"them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