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2021-12-28

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Microsoft Stock Forecast: What To Watch For In 2022<blockquote>微软股票预测：2022 年值得关注的内容</blockquote>

2021-12-26

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2021-12-25

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2021-12-24

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2021-12-23

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2021-12-22

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2021-12-21

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10 Biggest Price Target Changes For Tuesday<blockquote>周二 10 大价格目标变化</blockquote>

2021-12-19

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2021-12-18

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Wall Street ends down after mostly negative week<blockquote>华尔街在经历了大部分负面的一周后收盘下跌</blockquote>

2021-12-18

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2021-12-16

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Bank of England surprises again, this time with hike to 25bp from 10bp<blockquote>英国央行再次出人意料，这次从 10 个基点加息至 25 个基点</blockquote>

2021-12-15

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10 Biggest Price Target Changes For Wednesday<blockquote>周三 10 大价格目标变化</blockquote>

2021-12-14

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Amazon says India revoking Future deal would boost Reliance, hurt competition<blockquote>亚马逊表示印度撤销未来交易将提振信实，损害竞争</blockquote>

2021-11-28

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2021-11-27

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2021-11-26

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2021-11-23

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XPeng shares rose nearly 12% in early trading<blockquote>小鹏汽车股价早盘上涨近12%</blockquote>

2021-11-20

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2021-11-18

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Novavax shares jumped 5% in premarket trading<blockquote>Novavax 股价在盘前交易中上涨 5%</blockquote>

2021-11-18

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21:15","market":"us","language":"en","title":"Microsoft Stock Forecast: What To Watch For In 2022<blockquote>微软股票预测：2022 年值得关注的内容</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1181019415","media":"Seeking Alpha","summary":"Summary\n\nMicrosoft had an excellent 2021, but that will not repeat in 2022.\nStill, analysts predict ","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Microsoft had an excellent 2021, but that will not repeat in 2022.</li>  <li>Still, analysts predict that MSFT will deliver double-digit returns next year. I am a little more conservative due to MSFT's high valuation.</li>  <li>Microsoft Corporation is an excellent long-term investment, but waiting for a better entry point could pay off, as shares are historically expensive today.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/78cf4b56323a37eacd27b73ced593338\" tg-width=\"1536\" tg-height=\"1082\" width=\"100%\" height=\"auto\"><span>Jean-Luc Ichard/iStock Editorial via Getty Images</span></p><p><blockquote><ul><li>微软在2021年表现出色，但这种情况不会在2022年重演。</li><li>尽管如此，分析师预测微软明年仍将实现两位数的回报。由于 MSFT 的高估值，我比较保守。</li><li>微软公司是一项出色的长期投资，但等待更好的切入点可能会有回报，因为如今的股价历史上非常昂贵。</li></ul><p class=\"t-img-caption\"><span>Jean-Luc Ichard/iStock 社论来自 Getty Images</span></p></blockquote></p><p> <b>Article Thesis</b></p><p><blockquote><b>文章论文</b></blockquote></p><p> Microsoft Corporation (MSFT) is one of the most dominant tech companies in the world, and as part of the&nbsp;GAMMA&nbsp;group, it has performed very well in 2021. That was partially driven by underlying business growth, but multiple expansion also played a role. Microsoft is trading at a relatively high valuation - due to its quality and solid growth opportunities, a premium valuation seems justified, but with interest rate increases looming, MSFT could still experience multiple contraction headwinds over the coming years.</p><p><blockquote>微软公司（MSFT）是世界上最具主导地位的科技公司之一，作为伽马集团的一部分，它在2021年表现非常出色。这部分是由基础业务增长推动的，但多重扩张也发挥了作用。微软的估值相对较高——由于其质量和稳健的增长机会，溢价估值似乎是合理的，但随着加息迫在眉睫，MSFT 在未来几年仍可能面临多重收缩阻力。</blockquote></p><p> <b>Microsoft Valuation</b></p><p><blockquote><b>微软估值</b></blockquote></p><p> Microsoft Corporation is a leading tech company with a huge moat across its core businesses and with attractive growth opportunities in areas such as cloud computing and the emerging Metaverse. On top of that, Microsoft has excellent fundamentals, which include huge returns on capital, high margins, and a fortress balance sheet - one of only two in the world that are AAA-rated. It is thus not too surprising to see Microsoft trade at an above-average valuation, but MSFT currently also trades at a considerable premium relative to how shares of the company were valued in the past.</p><p><blockquote>微软公司是一家领先的科技公司，其核心业务拥有巨大的护城河，并在云计算和新兴元宇宙等领域拥有有吸引力的增长机会。最重要的是，微软拥有出色的基本面，包括巨大的资本回报、高利润率和堡垒般的资产负债表——世界上仅有的两家获得 AAA 评级的银行之一。因此，微软的估值高于平均水平也就不足为奇了，但 MSFT 目前的交易价格相对于该公司股票过去的估值也有相当大的溢价。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/212ee5adb6f1e19137d2c30aa0a446d5\" tg-width=\"635\" tg-height=\"450\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据由YCharts提供</span></p></blockquote></p><p> At current prices of around $335, Microsoft Corporation is valued at a little more than 36x forward earnings, which equates to an earnings yield of slightly less than 3%. This represents a ~15% premium compared to the 5-year median earnings multiple, and a pretty hefty 33% premium relative to the 10-year median earnings multiple.</p><p><blockquote>按目前约 335 美元的价格计算，微软公司的估值略高于预期市盈率的 36 倍，这相当于市盈率略低于 3%。与 5 年中值市盈率相比，这意味着约 15% 的溢价，与 10 年中值市盈率相比，溢价高达 33%。</blockquote></p><p> To some degree, one can argue that the rise in Microsoft's earnings multiple over the last decade was justified, as the company successfully managed to turn into a cloud- and mobile-centric company - which was not guaranteed a decade ago. Nevertheless, when a company's shares are valued at a hefty premium compared to the longer-term average, investors should consider the downside risk from multiple compression potential.</p><p><blockquote>在某种程度上，人们可以说微软在过去十年中市盈率的上升是合理的，因为该公司成功地转型为一家以云和移动为中心的公司——这在十年前是无法保证的。然而，当一家公司的股票与长期平均水平相比存在大幅溢价时，投资者应考虑多重压缩潜力带来的下行风险。</blockquote></p><p> Looking at Microsoft's valuation on an enterprise value to EBITDA basis, which accounts for changes in debt usage over time, MSFT seems pricey as well:</p><p><blockquote>从微软基于企业价值 EBITDA 的估值来看，考虑到债务使用随时间的变化，微软的估值似乎也很昂贵：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c58a0bd4255e3439c13c1a2f68d9e782\" tg-width=\"635\" tg-height=\"433\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据由YCharts提供</span></p></blockquote></p><p> At 25x forward EBITDA, Microsoft Corporation is trading at a relatively high valuation in absolute terms, and also at a quite large ~100% premium relative to the 10-year median EBITDA multiple of 12.7. Microsoft's net cash position, as a percentage of its market capitalization, has declined over the last couple of years, which resulted in a growing enterprise value (where net cash is subtracted), which explains some of the EV/EBITDA multiple expansion seen in the recent past. Still, Microsoft has clearly seen its valuation expand by a lot over the last couple of years. For those that bought into MSFT early on, that was great, as they saw their shares surge due to multiple expansion tailwinds. For someone thinking about investing new money today, the multiple expansion that we have seen in the last couple of year's isn't great, however, since putting new money into shares at historically high valuations could result in below-average returns due to headwinds from multiple compression, when the valuation normalizes towards the historic range.</p><p><blockquote>微软公司的远期 EBITDA 市盈率为 25 倍，从绝对角度来看，其估值相对较高，并且相对于 10 年中位数 EBITDA 倍数 12.7 的溢价也相当大，约为 100%。微软的净现金头寸占其市值的百分比在过去几年中有所下降，这导致企业价值不断增长（减去净现金），这解释了最近出现的 EV/EBITDA 倍数扩张的部分原因。尽管如此，微软的估值在过去几年中显然大幅扩张。对于那些早期买入 MSFT 的人来说，这太好了，因为他们看到自己的股价因多重扩张推动力而飙升。然而，对于今天考虑投资新资金的人来说，我们在过去几年中看到的倍数扩张并不是很好，因为将新资金投入历史高估值的股票可能会导致低于平均水平的回报。由于多重压缩的不利因素，当估值向历史范围正常化时。</blockquote></p><p> <b>Is Microsoft Stock Expected To Rise?</b></p><p><blockquote><b>微软股价有望上涨吗？</b></blockquote></p><p></p><p> In the long run, Microsoft will, I believe, almost certainly experience share price gains. The company will deliver business growth for many years, which should result in rising profits, and as MSFT is buying back shares regularly, those profits are distributed over a shrinking number of shares, leading to additional earnings per share growth tailwinds. With EPS rising, possibly for decades, MSFT's shares will also rise in the long run - although not at the rate seen in the last couple of years. In the near term, share price gains are less certain - earnings per share will most likely be higher next year compared to the current year, but due to the high valuation MSFT trades at right now, earnings per share gains could be offset by multiple contraction. This multiple contraction is not a certainty, of course, but could occur if interest rates rise faster/earlier than expected, or if the broad market experiences a correction, etc.</p><p><blockquote>从长远来看，我相信微软几乎肯定会经历股价上涨。该公司将实现多年的业务增长，这应该会导致利润上升，由于 MSFT 定期回购股票，这些利润分配到数量不断减少的股票中，从而带来额外的每股收益增长推动力。随着每股收益的上升（可能持续数十年），MSFT 的股价从长远来看也会上涨——尽管不会以过去几年的速度上涨。短期内，股价涨幅不太确定——与今年相比，明年的每股收益很可能会更高，但由于 MSFT 目前的高估值交易，每股收益涨幅可能会被多重收缩所抵消。当然，这种多重收缩并不是必然的，但如果利率上升得更快/更早，或者如果大盘经历调整等，就可能发生。</blockquote></p><p> <b>What Is Microsoft Stock's Prediction For 2022?</b></p><p><blockquote><b>微软股票对 2022 年的预测是什么？</b></blockquote></p><p> Let's first take a look at what Wall Street thinks about this question:</p><p><blockquote>我们先来看看华尔街是怎么看待这个问题的：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/872df9c2e4729887768acc7be770d03c\" tg-width=\"635\" tg-height=\"467\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据由YCharts提供</span></p></blockquote></p><p> As one can see in the above chart, analysts believe that Microsoft will experience attractive share price gains in 2022. The current consensus price target stands at $371, which implies an upside of around 10% from the current level over the next twelve months, as that is the usual time frame for Wall Street price targets. Price gains of 10%, with a dividend yield of 0.7% on top of that, would be a pretty attractive return, although that still pales in comparison to the returns MSFT generated over the last couple of years - shares are up 51% over the last twelve months and rose by a massive 430% over the last five years. It is, I believe, almost certain that returns like that will not be possible going forward - the law of large numbers dictates that adding 10%, 20%, or more per year to a company's market cap becomes increasingly hard as a company grows in size. Quintupling MSFT's market cap from $500 billion to $2.5 trillion over the last five years was quite a feat already, but quintupling it again - which would require adding<i>$10 trillion</i>in market cap - seems extremely unlikely, at least for the foreseeable future.</p><p><blockquote>从上图可以看出，分析师认为微软将在 2022 年经历有吸引力的股价上涨。目前的一致目标价为 371 美元，这意味着未来 12 个月内较当前水平上涨约 10%，因为这是华尔街目标价的通常时间框架。10% 的价格上涨，再加上 0.7% 的股息收益率，这将是一个相当有吸引力的回报，尽管与 MSFT 过去几年产生的回报相比，这仍然相形见绌——股价上涨了 51% 在过去 12 个月中，过去五年大幅上涨了 430%。我相信，几乎可以肯定的是，这样的回报在未来是不可能的——大数定律表明，随着公司规模的增长，每年将公司的市值增加10%、20%或更多变得越来越困难。在过去五年里，将 MSFT 的市值从 5000 亿美元增加到 2.5 万亿美元已经是一项相当大的壮举，但再次将其增加到五倍——这需要增加<i>10万亿美元</i>就市值而言——至少在可预见的未来，似乎极不可能。</blockquote></p><p> If analysts are correct, MSFT will thus deliver very solid returns in 2022, but those won't be comparable to what we have seen in previous years. For those that believe that MSFT will continue to compound at the rate seen in the recent past, 2022 could thus be a major disappointment. Analysts tend to be somewhat optimistic with their price targets, thus it is also possible that MSFT will deliver total returns that are weaker compared to what analysts are predicting. Current estimates see MSFT earning $10.50 next fiscal year (which ends in June 2023 and starts in July 2022) - if MSFT were to trade at 33x that number a year from now, which would still not be a low valuation at all, its shares would essentially trade in-line with where they trade today.</p><p><blockquote>如果分析师是正确的，那么 MSFT 将在 2022 年提供非常稳健的回报，但这些回报将无法与我们前几年看到的相比。对于那些相信 MSFT 将继续以近期的速度复合的人来说，2022 年可能会令人大失所望。分析师对他们的价格目标往往有些乐观，因此 MSFT 的总回报也可能低于分析师的预测。目前的估计是 MSFT 下一财年（2023 年 6 月结束，2022 年 7 月开始）的盈利为 10.50 美元 - 如果 MSFT 一年后的交易价格为该数字的 33 倍，这仍然不是一个低估值，其股票的交易价格基本上与他们今天的交易价格一致。</blockquote></p><p> I am thus more conservative than the analyst consensus and believe that MSFT could deliver returns of less than 10% in 2022. Depending on overall market conditions, even a share price decline is possible - not due to MSFT being a bad company, but due to it being a great company trading at a valuation that is well above historical levels.</p><p><blockquote>因此，我比分析师的共识更为保守，并相信 MSFT 在 2022 年的回报率可能低于 10%。根据整体市场状况，甚至股价下跌也是可能的——不是因为 MSFT 是一家糟糕的公司，而是因为它是一家伟大的公司，其估值远高于历史水平。</blockquote></p><p> <b>Is MSFT Stock A Buy, Sell, Or Hold?</b></p><p><blockquote><b>MSFT 股票是买入、卖出还是持有？</b></blockquote></p><p> Microsoft is one of the best investments in the world, I believe, when we back out valuation for a second. The company has an excellent moat across its cash cows MS Office, and its operating system business, and is one of the leaders in the fast-growing cloud computing business with its Azure division. Microsoft also has strong leadership, sports excellent fundamentals and the company is one of only two companies in the world with a AAA rating. Strong cash flows allow Microsoft to return many billions of dollars every year to the company's owners via buybacks and dividends. Last but not least, Microsoft benefits from strong industry tailwinds, as the world is growing ever more interconnected and digitalized, which provides for solid growth tailwinds across Microsoft's many different business units, including cloud computing, Office, and even in areas such as Gaming.</p><p><blockquote>我相信，当我们暂时降低估值时，微软是世界上最好的投资之一。该公司在摇钱树 MS Office 及其操作系统业务方面拥有出色的护城河，并且凭借其 Azure 部门成为快速增长的云计算业务的领导者之一。微软还拥有强大的领导力、出色的基本面，该公司是世界上仅有的两家获得 AAA 评级的公司之一。强劲的现金流使微软每年能够通过回购和股息向公司所有者返还数十亿美元。最后但并非最不重要的一点是，随着世界变得越来越互联和数字化，微软受益于强大的行业推动力，这为微软的许多不同业务部门提供了坚实的增长推动力，包括云计算、办公，甚至游戏等领域。</blockquote></p><p></p><p> Microsoft's valuation is, however, pretty high, and that should not be neglected. In the long run, earnings growth will likely result in ample share price upside, but that does not mean that shares will necessarily trade higher a month or a year from now. In 2022, we will likely see several Fed rate hikes, and those could put pressure on expensive growth stocks such as Microsoft - with a large portion of all future profits lying in the future, they will feel a more pronounced impact from a rising discount rate compared to value stocks where a higher portion of all future profits will be generated in the near term. Potential headwinds from higher rates will not necessarily result in a declining share price, however. Sentiment and psychology play a huge role as well, and an increasing focus on the Metaverse could help MSFT's share price. Microsoft is seen as one of the most likely winners in the future Metaverse by many investors, particularly in the \"work Metaverse\", where MSFT seeks to become successful on both the software side and the hardware side - with products&nbsp;such as the HoloLens 2. If this narrative holds, and if enthusiasm around the Metaverse remains high or continues to grow, Microsoft could see its shares perform well despite an above-average valuation.</p><p><blockquote>然而，微软的估值相当高，这一点不容忽视。从长远来看，盈利增长可能会导致股价大幅上涨，但这并不意味着一个月或一年后股价必然会走高。2022 年，我们可能会看到美联储多次加息，这可能会给微软等昂贵的成长型股票带来压力——由于未来所有利润的很大一部分都来自未来，它们将感受到贴现率上升的更明显影响与价值型股票相比，近期内所有利润的更高部分将产生。然而，利率上升带来的潜在阻力并不一定会导致股价下跌。情绪和心理也发挥着巨大作用，对元宇宙的日益关注可能会帮助微软的股价。许多投资者将微软视为未来元宇宙最有可能的赢家之一，特别是在“工作元宇宙”，MSFT 寻求在软件和硬件方面取得成功——推出 HoloLens 2 等产品。如果这种说法成立，并且人们对元宇宙的热情仍然很高或持续增长，尽管估值高于平均水平，但微软的股票可能会表现良好。</blockquote></p><p> All in all, there are both opportunities and threats for MSFT's shares in 2022. The company will do well on an operating basis, as it has for many years. Shares will, according to the analyst community, deliver total returns of about 10% next year. I am a little more conservative and think that there is a good chance that returns will be in the single digits due to multiple contraction headwinds. For someone interested in holding MSFT for many years - and the company seems like a great choice for such an investment - the performance in 2022 won't matter too much, however, and MSFT is positioned to perform well on an operational basis for many years, with exposure to many growth markets such as cloud computing, gaming, and the Metaverse (I see MSFT as a much better Metaverse play than NVIDIA (NVDA), trading at almost 70x net profits).</p><p><blockquote>总而言之，2022 年 MSFT 股价既有机遇也有威胁。该公司将像多年来一样，在运营方面表现良好。据分析师界称，明年股票总回报率约为 10%。我稍微保守一点，认为由于多重收缩阻力，回报率很有可能达到个位数。然而，对于有兴趣持有 MSFT 多年的人来说——而且该公司似乎是此类投资的绝佳选择——2022 年的业绩不会太重要，而且 MSFT 的定位是多年来在运营基础上表现良好，拥有许多增长市场，例如云计算、游戏和元宇宙（我认为 MSFT 的元宇宙比 NVIDIA (NVDA) 好得多，净利润几乎是 70 倍）。</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>Microsoft Stock Forecast: What To Watch For In 2022<blockquote>微软股票预测：2022 年值得关注的内容</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\">\nMicrosoft Stock Forecast: What To Watch For In 2022<blockquote>微软股票预测：2022 年值得关注的内容</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Seeking Alpha</strong><span class=\"h-time small\">2021-12-28 21:15</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>Microsoft had an excellent 2021, but that will not repeat in 2022.</li>  <li>Still, analysts predict that MSFT will deliver double-digit returns next year. I am a little more conservative due to MSFT's high valuation.</li>  <li>Microsoft Corporation is an excellent long-term investment, but waiting for a better entry point could pay off, as shares are historically expensive today.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/78cf4b56323a37eacd27b73ced593338\" tg-width=\"1536\" tg-height=\"1082\" width=\"100%\" height=\"auto\"><span>Jean-Luc Ichard/iStock Editorial via Getty Images</span></p><p><blockquote><ul><li>微软在2021年表现出色，但这种情况不会在2022年重演。</li><li>尽管如此，分析师预测微软明年仍将实现两位数的回报。由于 MSFT 的高估值，我比较保守。</li><li>微软公司是一项出色的长期投资，但等待更好的切入点可能会有回报，因为如今的股价历史上非常昂贵。</li></ul><p class=\"t-img-caption\"><span>Jean-Luc Ichard/iStock 社论来自 Getty Images</span></p></blockquote></p><p> <b>Article Thesis</b></p><p><blockquote><b>文章论文</b></blockquote></p><p> Microsoft Corporation (MSFT) is one of the most dominant tech companies in the world, and as part of the&nbsp;GAMMA&nbsp;group, it has performed very well in 2021. That was partially driven by underlying business growth, but multiple expansion also played a role. Microsoft is trading at a relatively high valuation - due to its quality and solid growth opportunities, a premium valuation seems justified, but with interest rate increases looming, MSFT could still experience multiple contraction headwinds over the coming years.</p><p><blockquote>微软公司（MSFT）是世界上最具主导地位的科技公司之一，作为伽马集团的一部分，它在2021年表现非常出色。这部分是由基础业务增长推动的，但多重扩张也发挥了作用。微软的估值相对较高——由于其质量和稳健的增长机会，溢价估值似乎是合理的，但随着加息迫在眉睫，MSFT 在未来几年仍可能面临多重收缩阻力。</blockquote></p><p> <b>Microsoft Valuation</b></p><p><blockquote><b>微软估值</b></blockquote></p><p> Microsoft Corporation is a leading tech company with a huge moat across its core businesses and with attractive growth opportunities in areas such as cloud computing and the emerging Metaverse. On top of that, Microsoft has excellent fundamentals, which include huge returns on capital, high margins, and a fortress balance sheet - one of only two in the world that are AAA-rated. It is thus not too surprising to see Microsoft trade at an above-average valuation, but MSFT currently also trades at a considerable premium relative to how shares of the company were valued in the past.</p><p><blockquote>微软公司是一家领先的科技公司，其核心业务拥有巨大的护城河，并在云计算和新兴元宇宙等领域拥有有吸引力的增长机会。最重要的是，微软拥有出色的基本面，包括巨大的资本回报、高利润率和堡垒般的资产负债表——世界上仅有的两家获得 AAA 评级的银行之一。因此，微软的估值高于平均水平也就不足为奇了，但 MSFT 目前的交易价格相对于该公司股票过去的估值也有相当大的溢价。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/212ee5adb6f1e19137d2c30aa0a446d5\" tg-width=\"635\" tg-height=\"450\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据由YCharts提供</span></p></blockquote></p><p> At current prices of around $335, Microsoft Corporation is valued at a little more than 36x forward earnings, which equates to an earnings yield of slightly less than 3%. This represents a ~15% premium compared to the 5-year median earnings multiple, and a pretty hefty 33% premium relative to the 10-year median earnings multiple.</p><p><blockquote>按目前约 335 美元的价格计算，微软公司的估值略高于预期市盈率的 36 倍，这相当于市盈率略低于 3%。与 5 年中值市盈率相比，这意味着约 15% 的溢价，与 10 年中值市盈率相比，溢价高达 33%。</blockquote></p><p> To some degree, one can argue that the rise in Microsoft's earnings multiple over the last decade was justified, as the company successfully managed to turn into a cloud- and mobile-centric company - which was not guaranteed a decade ago. Nevertheless, when a company's shares are valued at a hefty premium compared to the longer-term average, investors should consider the downside risk from multiple compression potential.</p><p><blockquote>在某种程度上，人们可以说微软在过去十年中市盈率的上升是合理的，因为该公司成功地转型为一家以云和移动为中心的公司——这在十年前是无法保证的。然而，当一家公司的股票与长期平均水平相比存在大幅溢价时，投资者应考虑多重压缩潜力带来的下行风险。</blockquote></p><p> Looking at Microsoft's valuation on an enterprise value to EBITDA basis, which accounts for changes in debt usage over time, MSFT seems pricey as well:</p><p><blockquote>从微软基于企业价值 EBITDA 的估值来看，考虑到债务使用随时间的变化，微软的估值似乎也很昂贵：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c58a0bd4255e3439c13c1a2f68d9e782\" tg-width=\"635\" tg-height=\"433\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据由YCharts提供</span></p></blockquote></p><p> At 25x forward EBITDA, Microsoft Corporation is trading at a relatively high valuation in absolute terms, and also at a quite large ~100% premium relative to the 10-year median EBITDA multiple of 12.7. Microsoft's net cash position, as a percentage of its market capitalization, has declined over the last couple of years, which resulted in a growing enterprise value (where net cash is subtracted), which explains some of the EV/EBITDA multiple expansion seen in the recent past. Still, Microsoft has clearly seen its valuation expand by a lot over the last couple of years. For those that bought into MSFT early on, that was great, as they saw their shares surge due to multiple expansion tailwinds. For someone thinking about investing new money today, the multiple expansion that we have seen in the last couple of year's isn't great, however, since putting new money into shares at historically high valuations could result in below-average returns due to headwinds from multiple compression, when the valuation normalizes towards the historic range.</p><p><blockquote>微软公司的远期 EBITDA 市盈率为 25 倍，从绝对角度来看，其估值相对较高，并且相对于 10 年中位数 EBITDA 倍数 12.7 的溢价也相当大，约为 100%。微软的净现金头寸占其市值的百分比在过去几年中有所下降，这导致企业价值不断增长（减去净现金），这解释了最近出现的 EV/EBITDA 倍数扩张的部分原因。尽管如此，微软的估值在过去几年中显然大幅扩张。对于那些早期买入 MSFT 的人来说，这太好了，因为他们看到自己的股价因多重扩张推动力而飙升。然而，对于今天考虑投资新资金的人来说，我们在过去几年中看到的倍数扩张并不是很好，因为将新资金投入历史高估值的股票可能会导致低于平均水平的回报。由于多重压缩的不利因素，当估值向历史范围正常化时。</blockquote></p><p> <b>Is Microsoft Stock Expected To Rise?</b></p><p><blockquote><b>微软股价有望上涨吗？</b></blockquote></p><p></p><p> In the long run, Microsoft will, I believe, almost certainly experience share price gains. The company will deliver business growth for many years, which should result in rising profits, and as MSFT is buying back shares regularly, those profits are distributed over a shrinking number of shares, leading to additional earnings per share growth tailwinds. With EPS rising, possibly for decades, MSFT's shares will also rise in the long run - although not at the rate seen in the last couple of years. In the near term, share price gains are less certain - earnings per share will most likely be higher next year compared to the current year, but due to the high valuation MSFT trades at right now, earnings per share gains could be offset by multiple contraction. This multiple contraction is not a certainty, of course, but could occur if interest rates rise faster/earlier than expected, or if the broad market experiences a correction, etc.</p><p><blockquote>从长远来看，我相信微软几乎肯定会经历股价上涨。该公司将实现多年的业务增长，这应该会导致利润上升，由于 MSFT 定期回购股票，这些利润分配到数量不断减少的股票中，从而带来额外的每股收益增长推动力。随着每股收益的上升（可能持续数十年），MSFT 的股价从长远来看也会上涨——尽管不会以过去几年的速度上涨。短期内，股价涨幅不太确定——与今年相比，明年的每股收益很可能会更高，但由于 MSFT 目前的高估值交易，每股收益涨幅可能会被多重收缩所抵消。当然，这种多重收缩并不是必然的，但如果利率上升得更快/更早，或者如果大盘经历调整等，就可能发生。</blockquote></p><p> <b>What Is Microsoft Stock's Prediction For 2022?</b></p><p><blockquote><b>微软股票对 2022 年的预测是什么？</b></blockquote></p><p> Let's first take a look at what Wall Street thinks about this question:</p><p><blockquote>我们先来看看华尔街是怎么看待这个问题的：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/872df9c2e4729887768acc7be770d03c\" tg-width=\"635\" tg-height=\"467\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据由YCharts提供</span></p></blockquote></p><p> As one can see in the above chart, analysts believe that Microsoft will experience attractive share price gains in 2022. The current consensus price target stands at $371, which implies an upside of around 10% from the current level over the next twelve months, as that is the usual time frame for Wall Street price targets. Price gains of 10%, with a dividend yield of 0.7% on top of that, would be a pretty attractive return, although that still pales in comparison to the returns MSFT generated over the last couple of years - shares are up 51% over the last twelve months and rose by a massive 430% over the last five years. It is, I believe, almost certain that returns like that will not be possible going forward - the law of large numbers dictates that adding 10%, 20%, or more per year to a company's market cap becomes increasingly hard as a company grows in size. Quintupling MSFT's market cap from $500 billion to $2.5 trillion over the last five years was quite a feat already, but quintupling it again - which would require adding<i>$10 trillion</i>in market cap - seems extremely unlikely, at least for the foreseeable future.</p><p><blockquote>从上图可以看出，分析师认为微软将在 2022 年经历有吸引力的股价上涨。目前的一致目标价为 371 美元，这意味着未来 12 个月内较当前水平上涨约 10%，因为这是华尔街目标价的通常时间框架。10% 的价格上涨，再加上 0.7% 的股息收益率，这将是一个相当有吸引力的回报，尽管与 MSFT 过去几年产生的回报相比，这仍然相形见绌——股价上涨了 51% 在过去 12 个月中，过去五年大幅上涨了 430%。我相信，几乎可以肯定的是，这样的回报在未来是不可能的——大数定律表明，随着公司规模的增长，每年将公司的市值增加10%、20%或更多变得越来越困难。在过去五年里，将 MSFT 的市值从 5000 亿美元增加到 2.5 万亿美元已经是一项相当大的壮举，但再次将其增加到五倍——这需要增加<i>10万亿美元</i>就市值而言——至少在可预见的未来，似乎极不可能。</blockquote></p><p> If analysts are correct, MSFT will thus deliver very solid returns in 2022, but those won't be comparable to what we have seen in previous years. For those that believe that MSFT will continue to compound at the rate seen in the recent past, 2022 could thus be a major disappointment. Analysts tend to be somewhat optimistic with their price targets, thus it is also possible that MSFT will deliver total returns that are weaker compared to what analysts are predicting. Current estimates see MSFT earning $10.50 next fiscal year (which ends in June 2023 and starts in July 2022) - if MSFT were to trade at 33x that number a year from now, which would still not be a low valuation at all, its shares would essentially trade in-line with where they trade today.</p><p><blockquote>如果分析师是正确的，那么 MSFT 将在 2022 年提供非常稳健的回报，但这些回报将无法与我们前几年看到的相比。对于那些相信 MSFT 将继续以近期的速度复合的人来说，2022 年可能会令人大失所望。分析师对他们的价格目标往往有些乐观，因此 MSFT 的总回报也可能低于分析师的预测。目前的估计是 MSFT 下一财年（2023 年 6 月结束，2022 年 7 月开始）的盈利为 10.50 美元 - 如果 MSFT 一年后的交易价格为该数字的 33 倍，这仍然不是一个低估值，其股票的交易价格基本上与他们今天的交易价格一致。</blockquote></p><p> I am thus more conservative than the analyst consensus and believe that MSFT could deliver returns of less than 10% in 2022. Depending on overall market conditions, even a share price decline is possible - not due to MSFT being a bad company, but due to it being a great company trading at a valuation that is well above historical levels.</p><p><blockquote>因此，我比分析师的共识更为保守，并相信 MSFT 在 2022 年的回报率可能低于 10%。根据整体市场状况，甚至股价下跌也是可能的——不是因为 MSFT 是一家糟糕的公司，而是因为它是一家伟大的公司，其估值远高于历史水平。</blockquote></p><p> <b>Is MSFT Stock A Buy, Sell, Or Hold?</b></p><p><blockquote><b>MSFT 股票是买入、卖出还是持有？</b></blockquote></p><p> Microsoft is one of the best investments in the world, I believe, when we back out valuation for a second. The company has an excellent moat across its cash cows MS Office, and its operating system business, and is one of the leaders in the fast-growing cloud computing business with its Azure division. Microsoft also has strong leadership, sports excellent fundamentals and the company is one of only two companies in the world with a AAA rating. Strong cash flows allow Microsoft to return many billions of dollars every year to the company's owners via buybacks and dividends. Last but not least, Microsoft benefits from strong industry tailwinds, as the world is growing ever more interconnected and digitalized, which provides for solid growth tailwinds across Microsoft's many different business units, including cloud computing, Office, and even in areas such as Gaming.</p><p><blockquote>我相信，当我们暂时降低估值时，微软是世界上最好的投资之一。该公司在摇钱树 MS Office 及其操作系统业务方面拥有出色的护城河，并且凭借其 Azure 部门成为快速增长的云计算业务的领导者之一。微软还拥有强大的领导力、出色的基本面，该公司是世界上仅有的两家获得 AAA 评级的公司之一。强劲的现金流使微软每年能够通过回购和股息向公司所有者返还数十亿美元。最后但并非最不重要的一点是，随着世界变得越来越互联和数字化，微软受益于强大的行业推动力，这为微软的许多不同业务部门提供了坚实的增长推动力，包括云计算、办公，甚至游戏等领域。</blockquote></p><p></p><p> Microsoft's valuation is, however, pretty high, and that should not be neglected. In the long run, earnings growth will likely result in ample share price upside, but that does not mean that shares will necessarily trade higher a month or a year from now. In 2022, we will likely see several Fed rate hikes, and those could put pressure on expensive growth stocks such as Microsoft - with a large portion of all future profits lying in the future, they will feel a more pronounced impact from a rising discount rate compared to value stocks where a higher portion of all future profits will be generated in the near term. Potential headwinds from higher rates will not necessarily result in a declining share price, however. Sentiment and psychology play a huge role as well, and an increasing focus on the Metaverse could help MSFT's share price. Microsoft is seen as one of the most likely winners in the future Metaverse by many investors, particularly in the \"work Metaverse\", where MSFT seeks to become successful on both the software side and the hardware side - with products&nbsp;such as the HoloLens 2. If this narrative holds, and if enthusiasm around the Metaverse remains high or continues to grow, Microsoft could see its shares perform well despite an above-average valuation.</p><p><blockquote>然而，微软的估值相当高，这一点不容忽视。从长远来看，盈利增长可能会导致股价大幅上涨，但这并不意味着一个月或一年后股价必然会走高。2022 年，我们可能会看到美联储多次加息，这可能会给微软等昂贵的成长型股票带来压力——由于未来所有利润的很大一部分都来自未来，它们将感受到贴现率上升的更明显影响与价值型股票相比，近期内所有利润的更高部分将产生。然而，利率上升带来的潜在阻力并不一定会导致股价下跌。情绪和心理也发挥着巨大作用，对元宇宙的日益关注可能会帮助微软的股价。许多投资者将微软视为未来元宇宙最有可能的赢家之一，特别是在“工作元宇宙”，MSFT 寻求在软件和硬件方面取得成功——推出 HoloLens 2 等产品。如果这种说法成立，并且人们对元宇宙的热情仍然很高或持续增长，尽管估值高于平均水平，但微软的股票可能会表现良好。</blockquote></p><p> All in all, there are both opportunities and threats for MSFT's shares in 2022. The company will do well on an operating basis, as it has for many years. Shares will, according to the analyst community, deliver total returns of about 10% next year. I am a little more conservative and think that there is a good chance that returns will be in the single digits due to multiple contraction headwinds. For someone interested in holding MSFT for many years - and the company seems like a great choice for such an investment - the performance in 2022 won't matter too much, however, and MSFT is positioned to perform well on an operational basis for many years, with exposure to many growth markets such as cloud computing, gaming, and the Metaverse (I see MSFT as a much better Metaverse play than NVIDIA (NVDA), trading at almost 70x net profits).</p><p><blockquote>总而言之，2022 年 MSFT 股价既有机遇也有威胁。该公司将像多年来一样，在运营方面表现良好。据分析师界称，明年股票总回报率约为 10%。我稍微保守一点，认为由于多重收缩阻力，回报率很有可能达到个位数。然而，对于有兴趣持有 MSFT 多年的人来说——而且该公司似乎是此类投资的绝佳选择——2022 年的业绩不会太重要，而且 MSFT 的定位是多年来在运营基础上表现良好，拥有许多增长市场，例如云计算、游戏和元宇宙（我认为 MSFT 的元宇宙比 NVIDIA (NVDA) 好得多，净利润几乎是 70 倍）。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4476985-microsoft-stock-forecast-what-to-watch-for-in-2022\">Seeking Alpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSFT":"微软"},"source_url":"https://seekingalpha.com/article/4476985-microsoft-stock-forecast-what-to-watch-for-in-2022","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1181019415","content_text":"Summary\n\nMicrosoft had an excellent 2021, but that will not repeat in 2022.\nStill, analysts predict that MSFT will deliver double-digit returns next year. I am a little more conservative due to MSFT's high valuation.\nMicrosoft Corporation is an excellent long-term investment, but waiting for a better entry point could pay off, as shares are historically expensive today.\n\nJean-Luc Ichard/iStock Editorial via Getty Images\nArticle Thesis\nMicrosoft Corporation (MSFT) is one of the most dominant tech companies in the world, and as part of the GAMMA group, it has performed very well in 2021. That was partially driven by underlying business growth, but multiple expansion also played a role. Microsoft is trading at a relatively high valuation - due to its quality and solid growth opportunities, a premium valuation seems justified, but with interest rate increases looming, MSFT could still experience multiple contraction headwinds over the coming years.\nMicrosoft Valuation\nMicrosoft Corporation is a leading tech company with a huge moat across its core businesses and with attractive growth opportunities in areas such as cloud computing and the emerging Metaverse. On top of that, Microsoft has excellent fundamentals, which include huge returns on capital, high margins, and a fortress balance sheet - one of only two in the world that are AAA-rated. It is thus not too surprising to see Microsoft trade at an above-average valuation, but MSFT currently also trades at a considerable premium relative to how shares of the company were valued in the past.\nData by YCharts\nAt current prices of around $335, Microsoft Corporation is valued at a little more than 36x forward earnings, which equates to an earnings yield of slightly less than 3%. This represents a ~15% premium compared to the 5-year median earnings multiple, and a pretty hefty 33% premium relative to the 10-year median earnings multiple.\nTo some degree, one can argue that the rise in Microsoft's earnings multiple over the last decade was justified, as the company successfully managed to turn into a cloud- and mobile-centric company - which was not guaranteed a decade ago. Nevertheless, when a company's shares are valued at a hefty premium compared to the longer-term average, investors should consider the downside risk from multiple compression potential.\nLooking at Microsoft's valuation on an enterprise value to EBITDA basis, which accounts for changes in debt usage over time, MSFT seems pricey as well:\nData by YCharts\nAt 25x forward EBITDA, Microsoft Corporation is trading at a relatively high valuation in absolute terms, and also at a quite large ~100% premium relative to the 10-year median EBITDA multiple of 12.7. Microsoft's net cash position, as a percentage of its market capitalization, has declined over the last couple of years, which resulted in a growing enterprise value (where net cash is subtracted), which explains some of the EV/EBITDA multiple expansion seen in the recent past. Still, Microsoft has clearly seen its valuation expand by a lot over the last couple of years. For those that bought into MSFT early on, that was great, as they saw their shares surge due to multiple expansion tailwinds. For someone thinking about investing new money today, the multiple expansion that we have seen in the last couple of year's isn't great, however, since putting new money into shares at historically high valuations could result in below-average returns due to headwinds from multiple compression, when the valuation normalizes towards the historic range.\nIs Microsoft Stock Expected To Rise?\nIn the long run, Microsoft will, I believe, almost certainly experience share price gains. The company will deliver business growth for many years, which should result in rising profits, and as MSFT is buying back shares regularly, those profits are distributed over a shrinking number of shares, leading to additional earnings per share growth tailwinds. With EPS rising, possibly for decades, MSFT's shares will also rise in the long run - although not at the rate seen in the last couple of years. In the near term, share price gains are less certain - earnings per share will most likely be higher next year compared to the current year, but due to the high valuation MSFT trades at right now, earnings per share gains could be offset by multiple contraction. This multiple contraction is not a certainty, of course, but could occur if interest rates rise faster/earlier than expected, or if the broad market experiences a correction, etc.\nWhat Is Microsoft Stock's Prediction For 2022?\nLet's first take a look at what Wall Street thinks about this question:\nData by YCharts\nAs one can see in the above chart, analysts believe that Microsoft will experience attractive share price gains in 2022. The current consensus price target stands at $371, which implies an upside of around 10% from the current level over the next twelve months, as that is the usual time frame for Wall Street price targets. Price gains of 10%, with a dividend yield of 0.7% on top of that, would be a pretty attractive return, although that still pales in comparison to the returns MSFT generated over the last couple of years - shares are up 51% over the last twelve months and rose by a massive 430% over the last five years. It is, I believe, almost certain that returns like that will not be possible going forward - the law of large numbers dictates that adding 10%, 20%, or more per year to a company's market cap becomes increasingly hard as a company grows in size. Quintupling MSFT's market cap from $500 billion to $2.5 trillion over the last five years was quite a feat already, but quintupling it again - which would require adding$10 trillionin market cap - seems extremely unlikely, at least for the foreseeable future.\nIf analysts are correct, MSFT will thus deliver very solid returns in 2022, but those won't be comparable to what we have seen in previous years. For those that believe that MSFT will continue to compound at the rate seen in the recent past, 2022 could thus be a major disappointment. Analysts tend to be somewhat optimistic with their price targets, thus it is also possible that MSFT will deliver total returns that are weaker compared to what analysts are predicting. Current estimates see MSFT earning $10.50 next fiscal year (which ends in June 2023 and starts in July 2022) - if MSFT were to trade at 33x that number a year from now, which would still not be a low valuation at all, its shares would essentially trade in-line with where they trade today.\nI am thus more conservative than the analyst consensus and believe that MSFT could deliver returns of less than 10% in 2022. Depending on overall market conditions, even a share price decline is possible - not due to MSFT being a bad company, but due to it being a great company trading at a valuation that is well above historical levels.\nIs MSFT Stock A Buy, Sell, Or Hold?\nMicrosoft is one of the best investments in the world, I believe, when we back out valuation for a second. The company has an excellent moat across its cash cows MS Office, and its operating system business, and is one of the leaders in the fast-growing cloud computing business with its Azure division. Microsoft also has strong leadership, sports excellent fundamentals and the company is one of only two companies in the world with a AAA rating. Strong cash flows allow Microsoft to return many billions of dollars every year to the company's owners via buybacks and dividends. Last but not least, Microsoft benefits from strong industry tailwinds, as the world is growing ever more interconnected and digitalized, which provides for solid growth tailwinds across Microsoft's many different business units, including cloud computing, Office, and even in areas such as Gaming.\nMicrosoft's valuation is, however, pretty high, and that should not be neglected. In the long run, earnings growth will likely result in ample share price upside, but that does not mean that shares will necessarily trade higher a month or a year from now. In 2022, we will likely see several Fed rate hikes, and those could put pressure on expensive growth stocks such as Microsoft - with a large portion of all future profits lying in the future, they will feel a more pronounced impact from a rising discount rate compared to value stocks where a higher portion of all future profits will be generated in the near term. Potential headwinds from higher rates will not necessarily result in a declining share price, however. Sentiment and psychology play a huge role as well, and an increasing focus on the Metaverse could help MSFT's share price. Microsoft is seen as one of the most likely winners in the future Metaverse by many investors, particularly in the \"work Metaverse\", where MSFT seeks to become successful on both the software side and the hardware side - with products such as the HoloLens 2. If this narrative holds, and if enthusiasm around the Metaverse remains high or continues to grow, Microsoft could see its shares perform well despite an above-average valuation.\nAll in all, there are both opportunities and threats for MSFT's shares in 2022. The company will do well on an operating basis, as it has for many years. Shares will, according to the analyst community, deliver total returns of about 10% next year. I am a little more conservative and think that there is a good chance that returns will be in the single digits due to multiple contraction headwinds. For someone interested in holding MSFT for many years - and the company seems like a great choice for such an investment - the performance in 2022 won't matter too much, however, and MSFT is positioned to perform well on an operational basis for many years, with exposure to many growth markets such as cloud computing, gaming, and the Metaverse (I see MSFT as a much better Metaverse play than NVIDIA (NVDA), trading at almost 70x net 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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":1640090159,"share":"https://www.laohunote.com/m/news/1126322290?lang=zh_CN&edition=full","pubTime":"2021-12-21 20:35","market":"us","language":"en","title":"10 Biggest Price Target Changes For Tuesday<blockquote>周二 10 大价格目标变化</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1126322290","media":"Benzinga Earnings","summary":"B of A Securities lifted the price target on Micron Technology, Inc. from $76 to $100. Micron shares","content":"<p><ul>  <li>B of A Securities lifted the price target on&nbsp;<b>Micron Technology, Inc.</b>&nbsp;from $76 to $100. Micron shares rose 7.7% to $88.38 in pre-market trading.</li>  <li>Wells Fargo raised the price target on&nbsp;<b>KLA Corporation</b>&nbsp;from $360 to $500. KLA Corporation shares rose 3.2% to $398.00 in pre-market trading.</li>  <li>Atlantic Equities reduced the price target for&nbsp;<b>Alibaba Group Holding Limited</b>&nbsp;from $185 to $140. Alibaba shares rose 1.9% to $117.16 in pre-market trading.</li>  <li>Stephens &amp; Co. cut&nbsp;<b>Darden Restaurants, Inc.</b>&nbsp;price target from $180 to $170. Darden shares fell 1.9% to $135.39 in pre-market trading.</li>  <li>SVB Leerink cut&nbsp;<b>Aldeyra Therapeutics, Inc.</b>&nbsp;price target from $24 to $15. Aldeyra Therapeutics shares dipped 38% to $4.42 in pre-market trading.</li>  <li>HC Wainwright &amp; Co. raised the price target on&nbsp;<b>Vir Biotechnology, Inc.</b>&nbsp;from $200 to $300. Vir Biotechnology shares fell 2.3% to $49.98 in pre-market trading.</li>  <li>Cantor Fitzgerald raised&nbsp;<b>Arena Pharmaceuticals, Inc.</b>&nbsp;price target from $93 to $100. Arena Pharmaceuticals shares fell 0.1% to $90.99 in pre-market trading.</li>  <li>Baird reduced the price target for&nbsp;<b>United Rentals, Inc.</b>&nbsp;from $439 to $317. United Rentals shares fell 0.7% to $319.90 in pre-market trading.</li>  <li>Raymond James raised&nbsp;<b>Lennar Corporation</b>&nbsp;price target from $120 to $125. Lennar shares rose 1.1% to $106.94 in pre-market trading.</li>  <li>Keybanc cut&nbsp;<b>ABM Industries Incorporated</b>&nbsp;price target from $60 to $55. ABM Industries shares fell 3.3% to close at $38.94 on Monday.</li> </ul></p><p><blockquote><ul><li>B of A 证券上调目标价<b>美光科技公司。</b>从76美元到100美元。美光股价在盘前交易中上涨 7.7%，至 88.38 美元。</li><li>富国银行上调目标价<b>KLA公司</b>从360美元到500美元。KLA Corporation 股价在盘前交易中上涨 3.2%，至 398.00 美元。</li><li>大西洋股票下调目标价<b>阿里巴巴-SW集团控股有限公司</b>从185美元到140美元。阿里巴巴-SW股价在盘前交易中上涨 1.9%，至 117.16 美元。</li><li>斯蒂芬斯公司削减<b>达顿餐饮公司。</b>目标价从180美元到170美元。达顿股价在盘前交易中下跌 1.9%，至 135.39 美元。</li><li>SVB Leerink 切割<b>阿尔代拉治疗公司。</b>目标价从24美元到15美元。Aldeyra Therapeutics 股价在盘前交易中下跌 38%，至 4.42 美元。</li><li>HC Wainwright &amp; Co. 上调目标价<b>维尔生物技术公司。</b>从200美元到300美元。Vir Biotechnology 股价在盘前交易中下跌 2.3%，至 49.98 美元。</li><li>坎托·菲茨杰拉德长大<b>竞技场制药公司。</b>目标价从93美元到100美元。Arena Pharmaceuticals 股价在盘前交易中下跌 0.1%，至 90.99 美元。</li><li>贝尔德下调了目标价<b>联合租赁公司。</b>从439美元到317美元。United Rentals 股价在盘前交易中下跌 0.7%，至 319.90 美元。</li><li>雷蒙德·詹姆斯长大<b>伦纳公司</b>目标价从120美元到125美元。Lennar 股价在盘前交易中上涨 1.1%，至 106.94 美元。</li><li>Keybanc 切割<b>ABM工业公司</b>目标价从60美元到55美元。ABM Industries 股价周一下跌 3.3%，收于 38.94 美元。</li></ul></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>10 Biggest Price Target Changes For Tuesday<blockquote>周二 10 大价格目标变化</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\">\n10 Biggest Price Target Changes For Tuesday<blockquote>周二 10 大价格目标变化</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\">2021-12-21 20:35</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p><ul>  <li>B of A Securities lifted the price target on&nbsp;<b>Micron Technology, Inc.</b>&nbsp;from $76 to $100. Micron shares rose 7.7% to $88.38 in pre-market trading.</li>  <li>Wells Fargo raised the price target on&nbsp;<b>KLA Corporation</b>&nbsp;from $360 to $500. KLA Corporation shares rose 3.2% to $398.00 in pre-market trading.</li>  <li>Atlantic Equities reduced the price target for&nbsp;<b>Alibaba Group Holding Limited</b>&nbsp;from $185 to $140. Alibaba shares rose 1.9% to $117.16 in pre-market trading.</li>  <li>Stephens &amp; Co. cut&nbsp;<b>Darden Restaurants, Inc.</b>&nbsp;price target from $180 to $170. Darden shares fell 1.9% to $135.39 in pre-market trading.</li>  <li>SVB Leerink cut&nbsp;<b>Aldeyra Therapeutics, Inc.</b>&nbsp;price target from $24 to $15. Aldeyra Therapeutics shares dipped 38% to $4.42 in pre-market trading.</li>  <li>HC Wainwright &amp; Co. raised the price target on&nbsp;<b>Vir Biotechnology, Inc.</b>&nbsp;from $200 to $300. Vir Biotechnology shares fell 2.3% to $49.98 in pre-market trading.</li>  <li>Cantor Fitzgerald raised&nbsp;<b>Arena Pharmaceuticals, Inc.</b>&nbsp;price target from $93 to $100. Arena Pharmaceuticals shares fell 0.1% to $90.99 in pre-market trading.</li>  <li>Baird reduced the price target for&nbsp;<b>United Rentals, Inc.</b>&nbsp;from $439 to $317. United Rentals shares fell 0.7% to $319.90 in pre-market trading.</li>  <li>Raymond James raised&nbsp;<b>Lennar Corporation</b>&nbsp;price target from $120 to $125. Lennar shares rose 1.1% to $106.94 in pre-market trading.</li>  <li>Keybanc cut&nbsp;<b>ABM Industries Incorporated</b>&nbsp;price target from $60 to $55. ABM Industries shares fell 3.3% to close at $38.94 on Monday.</li> </ul></p><p><blockquote><ul><li>B of A 证券上调目标价<b>美光科技公司。</b>从76美元到100美元。美光股价在盘前交易中上涨 7.7%，至 88.38 美元。</li><li>富国银行上调目标价<b>KLA公司</b>从360美元到500美元。KLA Corporation 股价在盘前交易中上涨 3.2%，至 398.00 美元。</li><li>大西洋股票下调目标价<b>阿里巴巴-SW集团控股有限公司</b>从185美元到140美元。阿里巴巴-SW股价在盘前交易中上涨 1.9%，至 117.16 美元。</li><li>斯蒂芬斯公司削减<b>达顿餐饮公司。</b>目标价从180美元到170美元。达顿股价在盘前交易中下跌 1.9%，至 135.39 美元。</li><li>SVB Leerink 切割<b>阿尔代拉治疗公司。</b>目标价从24美元到15美元。Aldeyra Therapeutics 股价在盘前交易中下跌 38%，至 4.42 美元。</li><li>HC Wainwright &amp; Co. 上调目标价<b>维尔生物技术公司。</b>从200美元到300美元。Vir Biotechnology 股价在盘前交易中下跌 2.3%，至 49.98 美元。</li><li>坎托·菲茨杰拉德长大<b>竞技场制药公司。</b>目标价从93美元到100美元。Arena Pharmaceuticals 股价在盘前交易中下跌 0.1%，至 90.99 美元。</li><li>贝尔德下调了目标价<b>联合租赁公司。</b>从439美元到317美元。United Rentals 股价在盘前交易中下跌 0.7%，至 319.90 美元。</li><li>雷蒙德·詹姆斯长大<b>伦纳公司</b>目标价从120美元到125美元。Lennar 股价在盘前交易中上涨 1.1%，至 106.94 美元。</li><li>Keybanc 切割<b>ABM工业公司</b>目标价从60美元到55美元。ABM Industries 股价周一下跌 3.3%，收于 38.94 美元。</li></ul></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ARNA":"阿里那","BABA":"阿里巴巴","KLAC":"科磊","CIR":"2倍做多CRCL ETF-Corgi","URI":"联合租赁","MU":"美光科技","LEN":"莱纳建筑公司","DRI":"达登饭店","ALDX":"Aldeyra Therapeutics Inc","ABM":"反导工业公司"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1126322290","content_text":"B of A Securities lifted the price target on Micron Technology, Inc. from $76 to $100. Micron shares rose 7.7% to $88.38 in pre-market trading.\nWells Fargo raised the price target on KLA Corporation from $360 to $500. KLA Corporation shares rose 3.2% to $398.00 in pre-market trading.\nAtlantic Equities reduced the price target for Alibaba Group Holding Limited from $185 to $140. Alibaba shares rose 1.9% to $117.16 in pre-market trading.\nStephens & Co. cut Darden Restaurants, Inc. price target from $180 to $170. Darden shares fell 1.9% to $135.39 in pre-market trading.\nSVB Leerink cut Aldeyra Therapeutics, Inc. price target from $24 to $15. Aldeyra Therapeutics shares dipped 38% to $4.42 in pre-market trading.\nHC Wainwright & Co. raised the price target on Vir Biotechnology, Inc. from $200 to $300. Vir Biotechnology shares fell 2.3% to $49.98 in pre-market trading.\nCantor Fitzgerald raised Arena Pharmaceuticals, Inc. price target from $93 to $100. Arena Pharmaceuticals shares fell 0.1% to $90.99 in pre-market trading.\nBaird reduced the price target for United Rentals, Inc. from $439 to $317. United Rentals shares fell 0.7% to $319.90 in pre-market trading.\nRaymond James raised Lennar Corporation price target from $120 to $125. Lennar shares rose 1.1% to $106.94 in pre-market trading.\nKeybanc cut ABM Industries Incorporated price target from $60 to $55. ABM Industries shares fell 3.3% to close at $38.94 on Monday.","news_type":1,"symbols_score_info":{"ALDX":0.9,"KLAC":0.9,"BABA":0.9,"ABM":0.9,"MU":0.9,"ARNA":0.9,"CIR":0.9,"DRI":0.9,"LEN":0.9,"URI":0.9}},"isVote":1,"tweetType":1,"viewCount":3745,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":699758197,"gmtCreate":1639907573218,"gmtModify":1639907574110,"author":{"id":"3581814406562580","authorId":"3581814406562580","name":"bhahab","avatar":"https://static.tigerbbs.com/da94be6bbb6d4ccc736167ee40fdfe71","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581814406562580","idStr":"3581814406562580"},"themes":[],"title":"","htmlText":"F","listText":"F","text":"F","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/699758197","repostId":"2192035909","repostType":4,"isVote":1,"tweetType":1,"viewCount":3575,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":699514240,"gmtCreate":1639838219915,"gmtModify":1639838220828,"author":{"id":"3581814406562580","authorId":"3581814406562580","name":"bhahab","avatar":"https://static.tigerbbs.com/da94be6bbb6d4ccc736167ee40fdfe71","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581814406562580","idStr":"3581814406562580"},"themes":[],"title":"","htmlText":"G","listText":"G","text":"G","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/699514240","repostId":"1116106959","repostType":4,"repost":{"id":"1116106959","kind":"news","pubTimestamp":1639785552,"share":"https://www.laohunote.com/m/news/1116106959?lang=zh_CN&edition=full","pubTime":"2021-12-18 07:59","market":"us","language":"en","title":"Wall Street ends down after mostly negative week<blockquote>华尔街在经历了大部分负面的一周后收盘下跌</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1116106959","media":"Reuters","summary":" - Wall Street finished lower on Friday, weighed down by Big Tech as investors worried about the Omicron coronavirus variant and digested the Federal Reserve's decision to end its pandemic-era stimulus faster.All three main U.S. stock indexes ended with a decline for the week after the Fed on Wednesday signaled three quarter-percentage-point interest rate hikes by the end of 2022 to combat surging inflation.Nvidia dropped 2.1% and Alphabet lost 1.9%, both weighing on the S&P 500 and Nasdaq.The S","content":"<p>(Reuters) - Wall Street finished lower on Friday, weighed down by Big Tech as investors worried about the Omicron coronavirus variant and digested the Federal Reserve's decision to end its pandemic-era stimulus faster.</p><p><blockquote>（路透社） - 华尔街周五收低，受到大型科技公司的拖累，投资者担心奥密克戎冠状病毒变种，并消化了美联储更快结束大流行时代刺激措施的决定。</blockquote></p><p> All three main U.S. stock indexes ended with a decline for the week after the Fed on Wednesday signaled three quarter-percentage-point interest rate hikes by the end of 2022 to combat surging inflation.</p><p><blockquote>在美联储周三暗示到 2022 年底加息三个四分之一个百分点以应对通胀飙升后，美国三大股指本周全部下跌。</blockquote></p><p> Nvidia dropped 2.1% and Alphabet lost 1.9%, both weighing on the S&amp;P 500 and Nasdaq.</p><p><blockquote>英伟达下跌 2.1%，Alphabet下跌 1.9%，均令标普500和纳斯达克承压。</blockquote></p><p> The S&amp;P 500 growth index lost 0.7% and the value index declined 1.4%.</p><p><blockquote>标普500增长指数下跌0.7%，价值指数下跌1.4%。</blockquote></p><p> All of the 11 major S&amp;P 500 sector indexes fell, with financials leading the way down with a 2.3% drop. Energy lost 2.2%.</p><p><blockquote>标普500 11个主要板块指数全部下跌，其中金融股领跌2.3%。能源损失2.2%。</blockquote></p><p> Adding to uncertainty, Pfizer said on Friday the pandemic could extend through next year. European countries geared up for further travel and social restrictions and a study warned that the rapidly spreading Omicron coronavirus variant was five times more likely to reinfect people than its predecessor, Delta.</p><p><blockquote>辉瑞公司周五表示，疫情可能会持续到明年，这增加了不确定性。欧洲国家为进一步的旅行和社会限制做好了准备，一项研究警告说，快速传播的奥密克戎冠状病毒变种再次感染人们的可能性是其前身德尔塔的五倍。</blockquote></p><p> Traders also pointed to year-end tax selling and the simultaneous expiration of stock options, stock index futures and index options contracts - known as triple witching - as potential causes for volatility.</p><p><blockquote>交易员还指出，年终税收抛售以及股票期权、股指期货和指数期权合约同时到期（被称为三重巫术）是波动的潜在原因。</blockquote></p><p> \"It's a big options expiration day,\" said Joe Saluzzi, co-manager of trading at Themis Trading in Chatham, New Jersey. \"And now you draw on top of that some Omicron, and you've got volatility, and I think it creates a lot of uncertainty amongst investors. Where are you going to position for the end of the year?\"</p><p><blockquote>“这是一个重要的期权到期日，”新泽西州查塔姆 Themis Trading 的交易联席经理 Joe Saluzzi 表示。“现在你再加上一些奥密克戎，你就会出现波动，我认为这会给投资者带来很多不确定性。你打算在年底前把仓位放在哪里？”</blockquote></p><p> Heavyweight growth stocks including Nvidia and Microsoft have outperformed the broader market in 2021, while the Philadelphia SE Semiconductor index has surged about 35%. The benchmark S&amp;P 500 index gained around 23% in the same period.</p><p><blockquote>2021年，英伟达和微软等权重成长股的表现优于大盘，而费城东南半导体指数则飙升约35%。同期，基准标普500指数上涨约 23%。</blockquote></p><p> In Friday's session, the Dow Jones Industrial Average fell 1.48% to end at 35,365.44 points, while the S&amp;P 500 lost 1.03% to 4,620.64.</p><p><blockquote>在周五的交易中，道琼斯工业平均指数下跌1.48%，收于35,365.44点，而标普500指数下跌1.03%，至4,620.64点。</blockquote></p><p> The Nasdaq Composite dropped 0.07% to 15,169.68.</p><p><blockquote>纳斯达克综合指数下跌 0.07%，至 15,169.68 点。</blockquote></p><p> On a positive note, the small-cap Russell 2000 index rallied 1% after having fallen more than 10% from a record high in early November.</p><p><blockquote>从积极的方面来看，小盘股罗素 2000 指数在从 11 月初的历史高点下跌超过 10% 后反弹 1%。</blockquote></p><p> With options expiring, volume on U.S. exchanges jumped to 16.6 billion shares, far above the 11.9 billion average over the last 20 trading days.</p><p><blockquote>随着期权到期，美国交易所的成交量跃升至 166 亿股，远高于过去 20 个交易日 119 亿股的平均水平。</blockquote></p><p> For the week, the S&amp;P 500 fell 1.9%, the Dow lost 1.7% and the Nasdaq declined 2.9%.</p><p><blockquote>本周，标普500指数下跌1.9%，道琼斯指数下跌1.7%，纳斯达克指数下跌2.9%。</blockquote></p><p> In Friday's session, Oracle tumbled 6.4% after the Wall Street Journal reported the enterprise software maker is in talks to buy electronic medical records company Cerner in a deal that could be valued at $30 billion. Shares of Cerner surged 12.9%.</p><p><blockquote>在周五的交易中，甲骨文暴跌 6.4%，此前《华尔街日报》报道了这家企业软件制造商正在洽谈收购电子病历公司 Cerner，交易价值可能为 300 亿美元。Cerner 股价飙升 12.9%。</blockquote></p><p> FedEx Corp rose almost 5% after the delivery firm reinstated its original fiscal 2022 forecast on Thursday, even as persistent labor woes chipped away profits.</p><p><blockquote>联邦快递公司 (FedEx Corp) 周四恢复了最初的 2022 财年预测，尽管持续的劳动力困境削弱了利润，但该公司股价上涨近 5%。</blockquote></p><p> Declining issues outnumbered advancing ones on the NYSE by a 1.50-to-1 ratio; on Nasdaq, a 1.16-to-1 ratio favored advancers.</p><p><blockquote>纽约证券交易所下跌发行量与上涨发行量的比例为 1.50 比 1；在纳斯达克，1.16比1的比率有利于进步人士。</blockquote></p><p> The S&amp;P 500 posted 22 new 52-week highs and seven new lows; the Nasdaq Composite recorded 28 new highs and 341 new lows.</p><p><blockquote>标普500创下 22 个 52 周新高和 7 个新低；纳斯达克综合指数创下28个新高和341个新低。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wall Street ends down after mostly negative week<blockquote>华尔街在经历了大部分负面的一周后收盘下跌</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWall Street ends down after mostly negative week<blockquote>华尔街在经历了大部分负面的一周后收盘下跌</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Reuters</strong><span class=\"h-time small\">2021-12-18 07:59</span>\n</p>\n</h4>\n</header>\n<article>\n<p>(Reuters) - Wall Street finished lower on Friday, weighed down by Big Tech as investors worried about the Omicron coronavirus variant and digested the Federal Reserve's decision to end its pandemic-era stimulus faster.</p><p><blockquote>（路透社） - 华尔街周五收低，受到大型科技公司的拖累，投资者担心奥密克戎冠状病毒变种，并消化了美联储更快结束大流行时代刺激措施的决定。</blockquote></p><p> All three main U.S. stock indexes ended with a decline for the week after the Fed on Wednesday signaled three quarter-percentage-point interest rate hikes by the end of 2022 to combat surging inflation.</p><p><blockquote>在美联储周三暗示到 2022 年底加息三个四分之一个百分点以应对通胀飙升后，美国三大股指本周全部下跌。</blockquote></p><p> Nvidia dropped 2.1% and Alphabet lost 1.9%, both weighing on the S&amp;P 500 and Nasdaq.</p><p><blockquote>英伟达下跌 2.1%，Alphabet下跌 1.9%，均令标普500和纳斯达克承压。</blockquote></p><p> The S&amp;P 500 growth index lost 0.7% and the value index declined 1.4%.</p><p><blockquote>标普500增长指数下跌0.7%，价值指数下跌1.4%。</blockquote></p><p> All of the 11 major S&amp;P 500 sector indexes fell, with financials leading the way down with a 2.3% drop. Energy lost 2.2%.</p><p><blockquote>标普500 11个主要板块指数全部下跌，其中金融股领跌2.3%。能源损失2.2%。</blockquote></p><p> Adding to uncertainty, Pfizer said on Friday the pandemic could extend through next year. European countries geared up for further travel and social restrictions and a study warned that the rapidly spreading Omicron coronavirus variant was five times more likely to reinfect people than its predecessor, Delta.</p><p><blockquote>辉瑞公司周五表示，疫情可能会持续到明年，这增加了不确定性。欧洲国家为进一步的旅行和社会限制做好了准备，一项研究警告说，快速传播的奥密克戎冠状病毒变种再次感染人们的可能性是其前身德尔塔的五倍。</blockquote></p><p> Traders also pointed to year-end tax selling and the simultaneous expiration of stock options, stock index futures and index options contracts - known as triple witching - as potential causes for volatility.</p><p><blockquote>交易员还指出，年终税收抛售以及股票期权、股指期货和指数期权合约同时到期（被称为三重巫术）是波动的潜在原因。</blockquote></p><p> \"It's a big options expiration day,\" said Joe Saluzzi, co-manager of trading at Themis Trading in Chatham, New Jersey. \"And now you draw on top of that some Omicron, and you've got volatility, and I think it creates a lot of uncertainty amongst investors. Where are you going to position for the end of the year?\"</p><p><blockquote>“这是一个重要的期权到期日，”新泽西州查塔姆 Themis Trading 的交易联席经理 Joe Saluzzi 表示。“现在你再加上一些奥密克戎，你就会出现波动，我认为这会给投资者带来很多不确定性。你打算在年底前把仓位放在哪里？”</blockquote></p><p> Heavyweight growth stocks including Nvidia and Microsoft have outperformed the broader market in 2021, while the Philadelphia SE Semiconductor index has surged about 35%. The benchmark S&amp;P 500 index gained around 23% in the same period.</p><p><blockquote>2021年，英伟达和微软等权重成长股的表现优于大盘，而费城东南半导体指数则飙升约35%。同期，基准标普500指数上涨约 23%。</blockquote></p><p> In Friday's session, the Dow Jones Industrial Average fell 1.48% to end at 35,365.44 points, while the S&amp;P 500 lost 1.03% to 4,620.64.</p><p><blockquote>在周五的交易中，道琼斯工业平均指数下跌1.48%，收于35,365.44点，而标普500指数下跌1.03%，至4,620.64点。</blockquote></p><p> The Nasdaq Composite dropped 0.07% to 15,169.68.</p><p><blockquote>纳斯达克综合指数下跌 0.07%，至 15,169.68 点。</blockquote></p><p> On a positive note, the small-cap Russell 2000 index rallied 1% after having fallen more than 10% from a record high in early November.</p><p><blockquote>从积极的方面来看，小盘股罗素 2000 指数在从 11 月初的历史高点下跌超过 10% 后反弹 1%。</blockquote></p><p> With options expiring, volume on U.S. exchanges jumped to 16.6 billion shares, far above the 11.9 billion average over the last 20 trading days.</p><p><blockquote>随着期权到期，美国交易所的成交量跃升至 166 亿股，远高于过去 20 个交易日 119 亿股的平均水平。</blockquote></p><p> For the week, the S&amp;P 500 fell 1.9%, the Dow lost 1.7% and the Nasdaq declined 2.9%.</p><p><blockquote>本周，标普500指数下跌1.9%，道琼斯指数下跌1.7%，纳斯达克指数下跌2.9%。</blockquote></p><p> In Friday's session, Oracle tumbled 6.4% after the Wall Street Journal reported the enterprise software maker is in talks to buy electronic medical records company Cerner in a deal that could be valued at $30 billion. Shares of Cerner surged 12.9%.</p><p><blockquote>在周五的交易中，甲骨文暴跌 6.4%，此前《华尔街日报》报道了这家企业软件制造商正在洽谈收购电子病历公司 Cerner，交易价值可能为 300 亿美元。Cerner 股价飙升 12.9%。</blockquote></p><p> FedEx Corp rose almost 5% after the delivery firm reinstated its original fiscal 2022 forecast on Thursday, even as persistent labor woes chipped away profits.</p><p><blockquote>联邦快递公司 (FedEx Corp) 周四恢复了最初的 2022 财年预测，尽管持续的劳动力困境削弱了利润，但该公司股价上涨近 5%。</blockquote></p><p> Declining issues outnumbered advancing ones on the NYSE by a 1.50-to-1 ratio; on Nasdaq, a 1.16-to-1 ratio favored advancers.</p><p><blockquote>纽约证券交易所下跌发行量与上涨发行量的比例为 1.50 比 1；在纳斯达克，1.16比1的比率有利于进步人士。</blockquote></p><p> The S&amp;P 500 posted 22 new 52-week highs and seven new lows; the Nasdaq Composite recorded 28 new highs and 341 new lows.</p><p><blockquote>标普500创下 22 个 52 周新高和 7 个新低；纳斯达克综合指数创下28个新高和341个新低。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://finance.yahoo.com/news/us-stocks-wall-street-ends-212015460.html\">Reuters</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://finance.yahoo.com/news/us-stocks-wall-street-ends-212015460.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1116106959","content_text":"(Reuters) - Wall Street finished lower on Friday, weighed down by Big Tech as investors worried about the Omicron coronavirus variant and digested the Federal Reserve's decision to end its pandemic-era stimulus faster.\nAll three main U.S. stock indexes ended with a decline for the week after the Fed on Wednesday signaled three quarter-percentage-point interest rate hikes by the end of 2022 to combat surging inflation.\nNvidia dropped 2.1% and Alphabet lost 1.9%, both weighing on the S&P 500 and Nasdaq.\nThe S&P 500 growth index lost 0.7% and the value index declined 1.4%.\nAll of the 11 major S&P 500 sector indexes fell, with financials leading the way down with a 2.3% drop. Energy lost 2.2%.\nAdding to uncertainty, Pfizer said on Friday the pandemic could extend through next year. European countries geared up for further travel and social restrictions and a study warned that the rapidly spreading Omicron coronavirus variant was five times more likely to reinfect people than its predecessor, Delta.\nTraders also pointed to year-end tax selling and the simultaneous expiration of stock options, stock index futures and index options contracts - known as triple witching - as potential causes for volatility.\n\"It's a big options expiration day,\" said Joe Saluzzi, co-manager of trading at Themis Trading in Chatham, New Jersey. \"And now you draw on top of that some Omicron, and you've got volatility, and I think it creates a lot of uncertainty amongst investors. Where are you going to position for the end of the year?\"\nHeavyweight growth stocks including Nvidia and Microsoft have outperformed the broader market in 2021, while the Philadelphia SE Semiconductor index has surged about 35%. The benchmark S&P 500 index gained around 23% in the same period.\nIn Friday's session, the Dow Jones Industrial Average fell 1.48% to end at 35,365.44 points, while the S&P 500 lost 1.03% to 4,620.64.\nThe Nasdaq Composite dropped 0.07% to 15,169.68.\nOn a positive note, the small-cap Russell 2000 index rallied 1% after having fallen more than 10% from a record high in early November.\nWith options expiring, volume on U.S. exchanges jumped to 16.6 billion shares, far above the 11.9 billion average over the last 20 trading days.\nFor the week, the S&P 500 fell 1.9%, the Dow lost 1.7% and the Nasdaq declined 2.9%.\nIn Friday's session, Oracle tumbled 6.4% after the Wall Street Journal reported the enterprise software maker is in talks to buy electronic medical records company Cerner in a deal that could be valued at $30 billion. Shares of Cerner surged 12.9%.\nFedEx Corp rose almost 5% after the delivery firm reinstated its original fiscal 2022 forecast on Thursday, even as persistent labor woes chipped away profits.\nDeclining issues outnumbered advancing ones on the NYSE by a 1.50-to-1 ratio; on Nasdaq, a 1.16-to-1 ratio favored advancers.\nThe S&P 500 posted 22 new 52-week highs and seven new lows; the Nasdaq Composite recorded 28 new highs and 341 new lows.","news_type":1,"symbols_score_info":{".IXIC":0.9,".DJI":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":3114,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":699148103,"gmtCreate":1639759198808,"gmtModify":1639759201196,"author":{"id":"3581814406562580","authorId":"3581814406562580","name":"bhahab","avatar":"https://static.tigerbbs.com/da94be6bbb6d4ccc736167ee40fdfe71","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581814406562580","idStr":"3581814406562580"},"themes":[],"title":"","htmlText":"F","listText":"F","text":"F","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/699148103","repostId":"2192597562","repostType":4,"isVote":1,"tweetType":1,"viewCount":3583,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":690822968,"gmtCreate":1639656789859,"gmtModify":1639656795637,"author":{"id":"3581814406562580","authorId":"3581814406562580","name":"bhahab","avatar":"https://static.tigerbbs.com/da94be6bbb6d4ccc736167ee40fdfe71","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581814406562580","idStr":"3581814406562580"},"themes":[],"title":"","htmlText":"H","listText":"H","text":"H","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/690822968","repostId":"1179149645","repostType":4,"repost":{"id":"1179149645","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1639656204,"share":"https://www.laohunote.com/m/news/1179149645?lang=zh_CN&edition=full","pubTime":"2021-12-16 20:03","market":"us","language":"en","title":"Bank of England surprises again, this time with hike to 25bp from 10bp<blockquote>英国央行再次出人意料，这次从 10 个基点加息至 25 个基点</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1179149645","media":"Tiger Newspress","summary":"Bank of England surprises again, this time with hike to 25bp from 10bp,its vote to hike rates was 8 ","content":"<p>Bank of England surprises again, this time with hike to 25bp from 10bp,its vote to hike rates was 8 to 1.</p><p><blockquote>英国央行再次出人意料，这次从10个基点加息至25个基点，加息票数为8比1。</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>Bank of England surprises again, this time with hike to 25bp from 10bp<blockquote>英国央行再次出人意料，这次从 10 个基点加息至 25 个基点</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\">\nBank of England surprises again, this time with hike to 25bp from 10bp<blockquote>英国央行再次出人意料，这次从 10 个基点加息至 25 个基点</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-12-16 20:03</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Bank of England surprises again, this time with hike to 25bp from 10bp,its vote to hike rates was 8 to 1.</p><p><blockquote>英国央行再次出人意料，这次从10个基点加息至25个基点，加息票数为8比1。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1179149645","content_text":"Bank of England surprises again, this time with hike to 25bp from 10bp,its vote to hike rates was 8 to 1.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":1163,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":607578231,"gmtCreate":1639572359955,"gmtModify":1639572360825,"author":{"id":"3581814406562580","authorId":"3581814406562580","name":"bhahab","avatar":"https://static.tigerbbs.com/da94be6bbb6d4ccc736167ee40fdfe71","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581814406562580","idStr":"3581814406562580"},"themes":[],"title":"","htmlText":"V","listText":"V","text":"V","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/607578231","repostId":"1159972817","repostType":4,"repost":{"id":"1159972817","kind":"news","pubTimestamp":1639571800,"share":"https://www.laohunote.com/m/news/1159972817?lang=zh_CN&edition=full","pubTime":"2021-12-15 20:36","market":"us","language":"en","title":"10 Biggest Price Target Changes For Wednesday<blockquote>周三 10 大价格目标变化</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1159972817","media":"Benzinga","summary":"Barclays boosted the price target on Sysco Corporation(NYSE:SYY) from $80 to $86. Sysco shares rose ","content":"<p><div> Barclays boosted the price target on Sysco Corporation(NYSE:SYY) from $80 to $86. Sysco shares rose 0.9% to $74.20 in pre-market trading. Goldman Sachs raised Six Flags Entertainment Corporation(NYSE:...</p><p><blockquote><div>巴克莱银行将 Sysco Corporation（纽约证券交易所股票代码：SYY）的目标价从 80 美元上调至 86 美元。Sysco 股价在盘前交易中上涨 0.9%，至 74.20 美元。高盛筹集了六旗娱乐公司（纽约证券交易所代码：……</div></blockquote></p><p>  <a href=\"https://www.benzinga.com/analyst-ratings/price-target/21/12/24617212/10-biggest-price-target-changes-for-wednesday\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.benzinga.com/analyst-ratings/price-target/21/12/24617212/10-biggest-price-target-changes-for-wednesday\">网页连接</a></blockquote></p><p></p>","source":"lsy1606299360108","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>10 Biggest Price Target Changes For Wednesday<blockquote>周三 10 大价格目标变化</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\">\n10 Biggest Price Target Changes For Wednesday<blockquote>周三 10 大价格目标变化</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Benzinga</strong><span class=\"h-time small\">2021-12-15 20:36</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> Barclays boosted the price target on Sysco Corporation(NYSE:SYY) from $80 to $86. Sysco shares rose 0.9% to $74.20 in pre-market trading. Goldman Sachs raised Six Flags Entertainment Corporation(NYSE:...</p><p><blockquote><div>巴克莱银行将 Sysco Corporation（纽约证券交易所股票代码：SYY）的目标价从 80 美元上调至 86 美元。Sysco 股价在盘前交易中上涨 0.9%，至 74.20 美元。高盛筹集了六旗娱乐公司（纽约证券交易所代码：……</div></blockquote></p><p>  <a href=\"https://www.benzinga.com/analyst-ratings/price-target/21/12/24617212/10-biggest-price-target-changes-for-wednesday\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.benzinga.com/analyst-ratings/price-target/21/12/24617212/10-biggest-price-target-changes-for-wednesday\">网页连接</a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.benzinga.com/analyst-ratings/price-target/21/12/24617212/10-biggest-price-target-changes-for-wednesday\">Benzinga</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SYY":"西思科公司"},"source_url":"https://www.benzinga.com/analyst-ratings/price-target/21/12/24617212/10-biggest-price-target-changes-for-wednesday","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1159972817","content_text":"Barclays boosted the price target on Sysco Corporation(NYSE:SYY) from $80 to $86. Sysco shares rose 0.9% to $74.20 in pre-market trading.\nGoldman Sachs raised Six Flags Entertainment Corporation(NYSE:SIX) price target from $47 to $52. Six Flags Entertainment shares rose 2.7% to $38.19 in pre-market trading.\nJP Morgan boosted the price target for Booking Holdings Inc.(NASDAQ:BKNG) from $2,620 to $2,690. Booking shares rose 2% to $2,168.00 in pre-market trading.\nWedbush lifted the price target on Fate Therapeutics, Inc.(NASDAQ:FATE) from $71 to $74. Fate Therapeutics shares rose 3.6% to $51.99 in pre-market trading.\nCitigroup boosted Edwards Lifesciences Corporation(NYSE:EW) price target from $120 to $142. Edwards Lifesciences shares gained 1.5% to $118.63 in pre-market trading.\nB of A Securities raised the price target for KeyCorp(NYSE:KEY) from $25 to $27. KeyCorp shares gained 1.9% to $23.20 in pre-market trading.\nNeedham lifted Silicom Ltd.(NASDAQ:SILC) price target from $57 to $65. Silicom shares rose 0.7% to $44.52 in pre-market trading.\nNeedham lifted the price target on Synaptics Incorporated(NASDAQ:SYNA) from $300 to $320. Synaptics shares fell 1.9% to close at $270.27 on Tuesday.\nCowen & Co. cut SkyWest, Inc.(NASDAQ:SKYW) price target from $50 to $42. SkyWest shares fell 1.9% to $38.76 in pre-market trading.\nStifel cut Adagio Therapeutics, Inc.(NASDAQ:ADGI) price target from $50 to $9. Adagio Therapeutics shares fell 6.3% to $6.80 in pre-market trading.","news_type":1,"symbols_score_info":{"SYY":0.9,"SIX":0.9}},"isVote":1,"tweetType":1,"viewCount":1403,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":607196094,"gmtCreate":1639495071312,"gmtModify":1639495072153,"author":{"id":"3581814406562580","authorId":"3581814406562580","name":"bhahab","avatar":"https://static.tigerbbs.com/da94be6bbb6d4ccc736167ee40fdfe71","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581814406562580","idStr":"3581814406562580"},"themes":[],"title":"","htmlText":"F","listText":"F","text":"F","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/607196094","repostId":"1151007810","repostType":4,"repost":{"id":"1151007810","kind":"news","pubTimestamp":1639494428,"share":"https://www.laohunote.com/m/news/1151007810?lang=zh_CN&edition=full","pubTime":"2021-12-14 23:07","market":"us","language":"en","title":"Amazon says India revoking Future deal would boost Reliance, hurt competition<blockquote>亚马逊表示印度撤销未来交易将提振信实，损害竞争</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1151007810","media":"Reuters","summary":"Amazon has warned India's antitrust body that revoking its 2019 deal with Future Group would send a ","content":"<p>Amazon has warned India's antitrust body that revoking its 2019 deal with Future Group would send a negative signal to foreign investors and allow local retail behemoth Reliance to \"further restrict competition\", a legal document seen by Reuters showed.</p><p><blockquote>路透社看到的一份法律文件显示，亚马逊警告印度反垄断机构，撤销其2019年与Future Group的交易将向外国投资者发出负面信号，并允许当地零售巨头Reliance“进一步限制竞争”。</blockquote></p><p> The Competition Commission of India (CCI) in reviewing its prior approval of the $200 million investment the U.S. company made in a Future unit in 2019, amid allegations that Amazon concealed facts when it sought approval for the transaction.</p><p><blockquote>印度竞争委员会（CCI）正在审查其对这家美国公司在2019年对未来部门进行的2亿美元投资的事先批准，因为有人指控亚马逊在寻求交易批准时隐瞒了事实。</blockquote></p><p> The CCI's review was triggered after a complaint from Amazon's now estranged partner Future. The two sides have been at loggerheads since last year with the U.S. company successfully using the terms of its toehold investment in 2019 to block debt-laden Future's attempt to sell retail assets to Reliance Industries for $3.4 billion.</p><p><blockquote>CCI 的审查是在亚马逊现已疏远的合作伙伴 Future 提出投诉后引发的。自去年以来，双方一直针锋相对，这家美国公司成功利用其 2019 年的 toehold 投资条款，阻止了负债累累的 Future 以 34 亿美元的价格向 Reliance Industries 出售零售资产的企图。</blockquote></p><p> While Future is staring at liquidation, the legitimacy of the small $200 million deal could have far-reaching consequences for India's retail sector.</p><p><blockquote>虽然未来正面临清算，但这笔2亿美元的小额交易的合法性可能会对印度零售业产生深远的影响。</blockquote></p><p> If Amazon prevails, it will slow Reliance's plan to acquire Future at a time when it is already rapidly expanding into e-commerce.</p><p><blockquote>如果亚马逊获胜，它将减缓信实收购未来的计划，而此时信实已经在迅速扩展到电子商务领域。</blockquote></p><p> And if the 2019 deal is voided, it could make it easier for Reliance to close the Future deal, hurting Amazon's retail ambitions, people familiar with the dispute say.</p><p><blockquote>知情人士表示，如果 2019 年的交易无效，可能会让 Reliance 更容易完成未来的交易，从而损害亚马逊的零售雄心。</blockquote></p><p> Amazon in a confidential filing on Dec. 12 said CCI's approval revocation is \"bound to send a message to foreign investors that the economy and regulatory landscape of India are still not developed enough to provide stability and certainty to foreign investments\".</p><p><blockquote>亚马逊在 12 月 12 日的一份机密文件中表示，CCI 撤销批准“必然会向外国投资者发出一个信息，即印度的经济和监管环境仍不够发达，无法为外国投资提供稳定性和确定性”。</blockquote></p><p> Amazon in its 60-page submission went on to say Future's aim \"to unwind the investment\" to allow Reliance to consolidate its position \"will further restrict competition in the Indian retail market\".</p><p><blockquote>亚马逊在其 60 页的提交材料中接着表示，Future 的目标“解除投资”，以让 Reliance 巩固其地位，“将进一步限制印度零售市场的竞争”。</blockquote></p><p> The bruising public battle over Future Retail pits Jeff Bezos' Amazon against Reliance, run by one of India's richest men, Mukesh Ambani, in a bid for retail dominance in India.</p><p><blockquote>围绕未来零售业的激烈公开斗争使杰夫·贝索斯旗下的亚马逊（Amazon）与印度首富之一穆克什·安巴尼（Mukesh Ambani）经营的信实（Reliance）展开竞争，争夺印度零售业的主导地位。</blockquote></p><p> Reliance is India's No. 1 retailer with more than 13,000 outlets, and rapidly expanding into e-commerce.</p><p><blockquote>Reliance是印度第一大零售商，拥有超过13,000家门店，并正在迅速扩展到电子商务领域。</blockquote></p><p> Future Retail ranks second with more than 1,500 outlets.</p><p><blockquote>未来零售以超过1500家门店位居第二。</blockquote></p><p> Amazon, Reliance and Future did not respond to a request for comment. The CCI also did not respond.</p><p><blockquote>亚马逊、Reliance 和 Future 没有回应置评请求。CCI也没有回应。</blockquote></p><p> NO INFO CONCEALED, CCI HAS 'NO POWER'</p><p><blockquote>没有隐藏信息，CCI“没有权力”</blockquote></p><p> The Future-Reliance deal has been on hold as Amazon got favorable interim rulings from a Singapore arbitrator and Indian courts. Future denies any wrongdoing, and the dispute continues to be heard in multiple forums.</p><p><blockquote>由于亚马逊从新加坡仲裁员和印度法院获得了有利的临时裁决，未来信实交易一直被搁置。未来否认有任何不当行为，争议继续在多个论坛上听到。</blockquote></p><p> Amazon has argued that terms agreed upon in its 2019 deal to pay $200 million for a 49% stake in Future's gift voucher unit prevent its parent, Future Group, from selling its Future Retail Ltd business to certain rivals, including Reliance.</p><p><blockquote>亚马逊辩称，其 2019 年交易中商定的支付 2 亿美元购买 Future 礼品券部门 49% 股份的条款阻止了其母公司 Future Group 将其 Future Retail Ltd 业务出售给包括 Reliance 在内的某些竞争对手。</blockquote></p><p> In June, the CCI sought explanation from Amazon saying it hid factual aspects of the transaction by not revealing its strategic interest in Future Retail while seeking approvals.</p><p><blockquote>6 月，CCI 要求亚马逊做出解释，称其在寻求批准时没有透露其对未来零售的战略兴趣，从而隐瞒了交易的事实方面。</blockquote></p><p> In its Dec. 12 response to the CCI - being reported here for the first time - Amazon argues no information was concealed from the CCI and lawyers representing the Future Group \"had vetted and approved\" all submissions.</p><p><blockquote>在 12 月 12 日对 CCI 的回应中（这是首次在此报道），亚马逊辩称，没有向 CCI 隐瞒任何信息，代表未来集团的律师“已经审查并批准了”所有提交的材料。</blockquote></p><p> \"There was no concealment of any material information,\" Amazon's filing states.</p><p><blockquote>“没有隐瞒任何重要信息，”亚马逊的文件指出。</blockquote></p><p> The CCI's 2019 approval order states its decision \"shall stand revoked if, at any time, the information provided\" is found to be incorrect.</p><p><blockquote>CCI 2019年的批准令指出，其决定“如果在任何时候，所提供的信息”被发现不正确，将被撤销。</blockquote></p><p> But Amazon in its submission argues the CCI has no power to do so, saying its approval order as per Indian laws is a final one, not conditional.</p><p><blockquote>但亚马逊在提交的材料中辩称，CCI无权这样做，并表示根据印度法律，其批准令是最终的，而不是有条件的。</blockquote></p><p> \"The power to revoke an approval is a drastic power and is not available to a statutory authority unless expressly provided\" in Indian law, Amazon argued.</p><p><blockquote>亚马逊辩称，“撤销批准的权力是一项激烈的权力，除非印度法律明确规定，否则法定机构无法行使”。</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\">\nAmazon says India revoking Future deal would boost Reliance, hurt competition<blockquote>亚马逊表示印度撤销未来交易将提振信实，损害竞争</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Reuters</strong><span class=\"h-time small\">2021-12-14 23:07</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Amazon has warned India's antitrust body that revoking its 2019 deal with Future Group would send a negative signal to foreign investors and allow local retail behemoth Reliance to \"further restrict competition\", a legal document seen by Reuters showed.</p><p><blockquote>路透社看到的一份法律文件显示，亚马逊警告印度反垄断机构，撤销其2019年与Future Group的交易将向外国投资者发出负面信号，并允许当地零售巨头Reliance“进一步限制竞争”。</blockquote></p><p> The Competition Commission of India (CCI) in reviewing its prior approval of the $200 million investment the U.S. company made in a Future unit in 2019, amid allegations that Amazon concealed facts when it sought approval for the transaction.</p><p><blockquote>印度竞争委员会（CCI）正在审查其对这家美国公司在2019年对未来部门进行的2亿美元投资的事先批准，因为有人指控亚马逊在寻求交易批准时隐瞒了事实。</blockquote></p><p> The CCI's review was triggered after a complaint from Amazon's now estranged partner Future. The two sides have been at loggerheads since last year with the U.S. company successfully using the terms of its toehold investment in 2019 to block debt-laden Future's attempt to sell retail assets to Reliance Industries for $3.4 billion.</p><p><blockquote>CCI 的审查是在亚马逊现已疏远的合作伙伴 Future 提出投诉后引发的。自去年以来，双方一直针锋相对，这家美国公司成功利用其 2019 年的 toehold 投资条款，阻止了负债累累的 Future 以 34 亿美元的价格向 Reliance Industries 出售零售资产的企图。</blockquote></p><p> While Future is staring at liquidation, the legitimacy of the small $200 million deal could have far-reaching consequences for India's retail sector.</p><p><blockquote>虽然未来正面临清算，但这笔2亿美元的小额交易的合法性可能会对印度零售业产生深远的影响。</blockquote></p><p> If Amazon prevails, it will slow Reliance's plan to acquire Future at a time when it is already rapidly expanding into e-commerce.</p><p><blockquote>如果亚马逊获胜，它将减缓信实收购未来的计划，而此时信实已经在迅速扩展到电子商务领域。</blockquote></p><p> And if the 2019 deal is voided, it could make it easier for Reliance to close the Future deal, hurting Amazon's retail ambitions, people familiar with the dispute say.</p><p><blockquote>知情人士表示，如果 2019 年的交易无效，可能会让 Reliance 更容易完成未来的交易，从而损害亚马逊的零售雄心。</blockquote></p><p> Amazon in a confidential filing on Dec. 12 said CCI's approval revocation is \"bound to send a message to foreign investors that the economy and regulatory landscape of India are still not developed enough to provide stability and certainty to foreign investments\".</p><p><blockquote>亚马逊在 12 月 12 日的一份机密文件中表示，CCI 撤销批准“必然会向外国投资者发出一个信息，即印度的经济和监管环境仍不够发达，无法为外国投资提供稳定性和确定性”。</blockquote></p><p> Amazon in its 60-page submission went on to say Future's aim \"to unwind the investment\" to allow Reliance to consolidate its position \"will further restrict competition in the Indian retail market\".</p><p><blockquote>亚马逊在其 60 页的提交材料中接着表示，Future 的目标“解除投资”，以让 Reliance 巩固其地位，“将进一步限制印度零售市场的竞争”。</blockquote></p><p> The bruising public battle over Future Retail pits Jeff Bezos' Amazon against Reliance, run by one of India's richest men, Mukesh Ambani, in a bid for retail dominance in India.</p><p><blockquote>围绕未来零售业的激烈公开斗争使杰夫·贝索斯旗下的亚马逊（Amazon）与印度首富之一穆克什·安巴尼（Mukesh Ambani）经营的信实（Reliance）展开竞争，争夺印度零售业的主导地位。</blockquote></p><p> Reliance is India's No. 1 retailer with more than 13,000 outlets, and rapidly expanding into e-commerce.</p><p><blockquote>Reliance是印度第一大零售商，拥有超过13,000家门店，并正在迅速扩展到电子商务领域。</blockquote></p><p> Future Retail ranks second with more than 1,500 outlets.</p><p><blockquote>未来零售以超过1500家门店位居第二。</blockquote></p><p> Amazon, Reliance and Future did not respond to a request for comment. The CCI also did not respond.</p><p><blockquote>亚马逊、Reliance 和 Future 没有回应置评请求。CCI也没有回应。</blockquote></p><p> NO INFO CONCEALED, CCI HAS 'NO POWER'</p><p><blockquote>没有隐藏信息，CCI“没有权力”</blockquote></p><p> The Future-Reliance deal has been on hold as Amazon got favorable interim rulings from a Singapore arbitrator and Indian courts. Future denies any wrongdoing, and the dispute continues to be heard in multiple forums.</p><p><blockquote>由于亚马逊从新加坡仲裁员和印度法院获得了有利的临时裁决，未来信实交易一直被搁置。未来否认有任何不当行为，争议继续在多个论坛上听到。</blockquote></p><p> Amazon has argued that terms agreed upon in its 2019 deal to pay $200 million for a 49% stake in Future's gift voucher unit prevent its parent, Future Group, from selling its Future Retail Ltd business to certain rivals, including Reliance.</p><p><blockquote>亚马逊辩称，其 2019 年交易中商定的支付 2 亿美元购买 Future 礼品券部门 49% 股份的条款阻止了其母公司 Future Group 将其 Future Retail Ltd 业务出售给包括 Reliance 在内的某些竞争对手。</blockquote></p><p> In June, the CCI sought explanation from Amazon saying it hid factual aspects of the transaction by not revealing its strategic interest in Future Retail while seeking approvals.</p><p><blockquote>6 月，CCI 要求亚马逊做出解释，称其在寻求批准时没有透露其对未来零售的战略兴趣，从而隐瞒了交易的事实方面。</blockquote></p><p> In its Dec. 12 response to the CCI - being reported here for the first time - Amazon argues no information was concealed from the CCI and lawyers representing the Future Group \"had vetted and approved\" all submissions.</p><p><blockquote>在 12 月 12 日对 CCI 的回应中（这是首次在此报道），亚马逊辩称，没有向 CCI 隐瞒任何信息，代表未来集团的律师“已经审查并批准了”所有提交的材料。</blockquote></p><p> \"There was no concealment of any material information,\" Amazon's filing states.</p><p><blockquote>“没有隐瞒任何重要信息，”亚马逊的文件指出。</blockquote></p><p> The CCI's 2019 approval order states its decision \"shall stand revoked if, at any time, the information provided\" is found to be incorrect.</p><p><blockquote>CCI 2019年的批准令指出，其决定“如果在任何时候，所提供的信息”被发现不正确，将被撤销。</blockquote></p><p> But Amazon in its submission argues the CCI has no power to do so, saying its approval order as per Indian laws is a final one, not conditional.</p><p><blockquote>但亚马逊在提交的材料中辩称，CCI无权这样做，并表示根据印度法律，其批准令是最终的，而不是有条件的。</blockquote></p><p> \"The power to revoke an approval is a drastic power and is not available to a statutory authority unless expressly provided\" in Indian law, Amazon argued.</p><p><blockquote>亚马逊辩称，“撤销批准的权力是一项激烈的权力，除非印度法律明确规定，否则法定机构无法行使”。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://finance.yahoo.com/news/exclusive-amazon-says-india-revoking-150205041.html\">Reuters</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊"},"source_url":"https://finance.yahoo.com/news/exclusive-amazon-says-india-revoking-150205041.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1151007810","content_text":"Amazon has warned India's antitrust body that revoking its 2019 deal with Future Group would send a negative signal to foreign investors and allow local retail behemoth Reliance to \"further restrict competition\", a legal document seen by Reuters showed.\nThe Competition Commission of India (CCI) in reviewing its prior approval of the $200 million investment the U.S. company made in a Future unit in 2019, amid allegations that Amazon concealed facts when it sought approval for the transaction.\nThe CCI's review was triggered after a complaint from Amazon's now estranged partner Future. The two sides have been at loggerheads since last year with the U.S. company successfully using the terms of its toehold investment in 2019 to block debt-laden Future's attempt to sell retail assets to Reliance Industries for $3.4 billion.\nWhile Future is staring at liquidation, the legitimacy of the small $200 million deal could have far-reaching consequences for India's retail sector.\nIf Amazon prevails, it will slow Reliance's plan to acquire Future at a time when it is already rapidly expanding into e-commerce.\nAnd if the 2019 deal is voided, it could make it easier for Reliance to close the Future deal, hurting Amazon's retail ambitions, people familiar with the dispute say.\nAmazon in a confidential filing on Dec. 12 said CCI's approval revocation is \"bound to send a message to foreign investors that the economy and regulatory landscape of India are still not developed enough to provide stability and certainty to foreign investments\".\nAmazon in its 60-page submission went on to say Future's aim \"to unwind the investment\" to allow Reliance to consolidate its position \"will further restrict competition in the Indian retail market\".\nThe bruising public battle over Future Retail pits Jeff Bezos' Amazon against Reliance, run by one of India's richest men, Mukesh Ambani, in a bid for retail dominance in India.\nReliance is India's No. 1 retailer with more than 13,000 outlets, and rapidly expanding into e-commerce.\nFuture Retail ranks second with more than 1,500 outlets.\nAmazon, Reliance and Future did not respond to a request for comment. The CCI also did not respond.\nNO INFO CONCEALED, CCI HAS 'NO POWER'\nThe Future-Reliance deal has been on hold as Amazon got favorable interim rulings from a Singapore arbitrator and Indian courts. Future denies any wrongdoing, and the dispute continues to be heard in multiple forums.\nAmazon has argued that terms agreed upon in its 2019 deal to pay $200 million for a 49% stake in Future's gift voucher unit prevent its parent, Future Group, from selling its Future Retail Ltd business to certain rivals, including Reliance.\nIn June, the CCI sought explanation from Amazon saying it hid factual aspects of the transaction by not revealing its strategic interest in Future Retail while seeking approvals.\nIn its Dec. 12 response to the CCI - being reported here for the first time - Amazon argues no information was concealed from the CCI and lawyers representing the Future Group \"had vetted and approved\" all submissions.\n\"There was no concealment of any material information,\" Amazon's filing states.\nThe CCI's 2019 approval order states its decision \"shall stand revoked if, at any time, the information provided\" is found to be incorrect.\nBut Amazon in its submission argues the CCI has no power to do so, saying its approval order as per Indian laws is a final one, not conditional.\n\"The power to revoke an approval is a drastic power and is not available to a statutory authority unless expressly provided\" in Indian law, Amazon argued.","news_type":1,"symbols_score_info":{"AMZN":0.9}},"isVote":1,"tweetType":1,"viewCount":1071,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":600326876,"gmtCreate":1638071281068,"gmtModify":1638071281523,"author":{"id":"3581814406562580","authorId":"3581814406562580","name":"bhahab","avatar":"https://static.tigerbbs.com/da94be6bbb6d4ccc736167ee40fdfe71","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581814406562580","idStr":"3581814406562580"},"themes":[],"title":"","htmlText":"F","listText":"F","text":"F","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/600326876","repostId":"2186432895","repostType":4,"isVote":1,"tweetType":1,"viewCount":1089,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":600043126,"gmtCreate":1638020752565,"gmtModify":1638020752946,"author":{"id":"3581814406562580","authorId":"3581814406562580","name":"bhahab","avatar":"https://static.tigerbbs.com/da94be6bbb6d4ccc736167ee40fdfe71","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581814406562580","idStr":"3581814406562580"},"themes":[],"title":"","htmlText":"V","listText":"V","text":"V","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/600043126","repostId":"2186344334","repostType":4,"isVote":1,"tweetType":1,"viewCount":854,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":877262901,"gmtCreate":1637937051462,"gmtModify":1637937051861,"author":{"id":"3581814406562580","authorId":"3581814406562580","name":"bhahab","avatar":"https://static.tigerbbs.com/da94be6bbb6d4ccc736167ee40fdfe71","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581814406562580","idStr":"3581814406562580"},"themes":[],"title":"","htmlText":"H","listText":"H","text":"H","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/877262901","repostId":"1116442909","repostType":4,"isVote":1,"tweetType":1,"viewCount":1717,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":875475882,"gmtCreate":1637682151205,"gmtModify":1637682151579,"author":{"id":"3581814406562580","authorId":"3581814406562580","name":"bhahab","avatar":"https://static.tigerbbs.com/da94be6bbb6d4ccc736167ee40fdfe71","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581814406562580","idStr":"3581814406562580"},"themes":[],"title":"","htmlText":"T","listText":"T","text":"T","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/875475882","repostId":"1117658681","repostType":4,"repost":{"id":"1117658681","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1637681053,"share":"https://www.laohunote.com/m/news/1117658681?lang=zh_CN&edition=full","pubTime":"2021-11-23 23:24","market":"us","language":"en","title":"XPeng shares rose nearly 12% in early trading<blockquote>小鹏汽车股价早盘上涨近12%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1117658681","media":"Tiger Newspress","summary":"XPeng shares rose nearly 12% in early trading after the China-based electric vehicle maker reported ","content":"<p>XPeng&nbsp;shares&nbsp;rose&nbsp;nearly&nbsp;12%&nbsp;in&nbsp;early&nbsp;trading&nbsp;after the China-based electric vehicle maker reported a wider-than-expected third-quarter loss but revenue that rose well above forecasts and provided an upbeat fourth-quarter outlook.<img src=\"https://static.tigerbbs.com/a8d43127b29dfc54fadaa9e23939d911\" tg-width=\"878\" tg-height=\"596\" referrerpolicy=\"no-referrer\">The net loss widened to RMB1.59 bln ($249.7 million), or RMB1.89 per American depositary share (ADS), from a loss of RMB1.15 billion a year ago. Excluding nonrecurring items, the adjusted loss per ADS came to RMB1.77, compared with the FactSet consensus of RMB1.30.</p><p><blockquote>这家总部位于中国的电动汽车制造商小鹏汽车公布第三季度亏损超出预期，但收入增长远高于预期，并提供了乐观的第四季度前景，该公司股价在早盘交易中上涨近 12%。净亏损从一年前的人民币 11.5 亿元扩大至人民币 15.9 亿元（2.497 亿美元），即每股美国存托股 (ADS) 亏损人民币 1.89 元。不包括非经常性项目，调整后的每股美国存托凭证亏损为人民币 1.77 元，而 FactSet 共识为人民币 1.30 元。</blockquote></p><p> Revenue jumps 187.4% to RMB5.72 billion ($895.5 million) to beat the FactSet consensus of RMB5.03 billion, as deliveries rose 199.2% to a record 25,666 vehicles, including 217.7% growth in P7 model deliveries.</p><p><blockquote>收入增长 187.4%，达到人民币 57.2 亿元（8.955 亿美元），超过 FactSet 预期的人民币 50.3 亿元，交付量增长 199.2%，达到创纪录的 25,666 辆，其中 P7 车型交付量增长 217.7%。</blockquote></p><p> Gross margin improved to 14.4% from 4.6%. Looking ahead, the company expects fourth-quarter deliveries of between 34,500 and 36,500 vehicles, representing growth of 166.1% to 181.5%, and revenue between RMB7.1 billion and RMB7.5 billion, compared with the FactSet consensus of RMB6.09 billion.</p><p><blockquote>毛利率从4.6%提高到14.4%。展望未来，该公司预计第四季度交付量将在 34,500 至 36,500 辆之间，增长 166.1% 至 181.5%，收入将在人民币 71 亿元至人民币 75 亿元之间，而 FactSet 共识为人民币 60.9 亿元。</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>XPeng shares rose nearly 12% in early trading<blockquote>小鹏汽车股价早盘上涨近12%</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\">\nXPeng shares rose nearly 12% in early trading<blockquote>小鹏汽车股价早盘上涨近12%</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-11-23 23:24</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>XPeng&nbsp;shares&nbsp;rose&nbsp;nearly&nbsp;12%&nbsp;in&nbsp;early&nbsp;trading&nbsp;after the China-based electric vehicle maker reported a wider-than-expected third-quarter loss but revenue that rose well above forecasts and provided an upbeat fourth-quarter outlook.<img src=\"https://static.tigerbbs.com/a8d43127b29dfc54fadaa9e23939d911\" tg-width=\"878\" tg-height=\"596\" referrerpolicy=\"no-referrer\">The net loss widened to RMB1.59 bln ($249.7 million), or RMB1.89 per American depositary share (ADS), from a loss of RMB1.15 billion a year ago. Excluding nonrecurring items, the adjusted loss per ADS came to RMB1.77, compared with the FactSet consensus of RMB1.30.</p><p><blockquote>这家总部位于中国的电动汽车制造商小鹏汽车公布第三季度亏损超出预期，但收入增长远高于预期，并提供了乐观的第四季度前景，该公司股价在早盘交易中上涨近 12%。净亏损从一年前的人民币 11.5 亿元扩大至人民币 15.9 亿元（2.497 亿美元），即每股美国存托股 (ADS) 亏损人民币 1.89 元。不包括非经常性项目，调整后的每股美国存托凭证亏损为人民币 1.77 元，而 FactSet 共识为人民币 1.30 元。</blockquote></p><p> Revenue jumps 187.4% to RMB5.72 billion ($895.5 million) to beat the FactSet consensus of RMB5.03 billion, as deliveries rose 199.2% to a record 25,666 vehicles, including 217.7% growth in P7 model deliveries.</p><p><blockquote>收入增长 187.4%，达到人民币 57.2 亿元（8.955 亿美元），超过 FactSet 预期的人民币 50.3 亿元，交付量增长 199.2%，达到创纪录的 25,666 辆，其中 P7 车型交付量增长 217.7%。</blockquote></p><p> Gross margin improved to 14.4% from 4.6%. Looking ahead, the company expects fourth-quarter deliveries of between 34,500 and 36,500 vehicles, representing growth of 166.1% to 181.5%, and revenue between RMB7.1 billion and RMB7.5 billion, compared with the FactSet consensus of RMB6.09 billion.</p><p><blockquote>毛利率从4.6%提高到14.4%。展望未来，该公司预计第四季度交付量将在 34,500 至 36,500 辆之间，增长 166.1% 至 181.5%，收入将在人民币 71 亿元至人民币 75 亿元之间，而 FactSet 共识为人民币 60.9 亿元。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"XPEV":"小鹏集团","09868":"小鹏集团-W"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1117658681","content_text":"XPeng shares rose nearly 12% in early trading after the China-based electric vehicle maker reported a wider-than-expected third-quarter loss but revenue that rose well above forecasts and provided an upbeat fourth-quarter outlook.The net loss widened to RMB1.59 bln ($249.7 million), or RMB1.89 per American depositary share (ADS), from a loss of RMB1.15 billion a year ago. Excluding nonrecurring items, the adjusted loss per ADS came to RMB1.77, compared with the FactSet consensus of RMB1.30.\nRevenue jumps 187.4% to RMB5.72 billion ($895.5 million) to beat the FactSet consensus of RMB5.03 billion, as deliveries rose 199.2% to a record 25,666 vehicles, including 217.7% growth in P7 model deliveries.\nGross margin improved to 14.4% from 4.6%. Looking ahead, the company expects fourth-quarter deliveries of between 34,500 and 36,500 vehicles, representing growth of 166.1% to 181.5%, and revenue between RMB7.1 billion and RMB7.5 billion, compared with the FactSet consensus of RMB6.09 billion.","news_type":1,"symbols_score_info":{"XPEV":0.9,"09868":0.9}},"isVote":1,"tweetType":1,"viewCount":1291,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":872314978,"gmtCreate":1637422115052,"gmtModify":1637422115435,"author":{"id":"3581814406562580","authorId":"3581814406562580","name":"bhahab","avatar":"https://static.tigerbbs.com/da94be6bbb6d4ccc736167ee40fdfe71","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581814406562580","idStr":"3581814406562580"},"themes":[],"title":"","htmlText":"V","listText":"V","text":"V","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/872314978","repostId":"2184842262","repostType":4,"isVote":1,"tweetType":1,"viewCount":1311,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":878796603,"gmtCreate":1637229348330,"gmtModify":1637229348710,"author":{"id":"3581814406562580","authorId":"3581814406562580","name":"bhahab","avatar":"https://static.tigerbbs.com/da94be6bbb6d4ccc736167ee40fdfe71","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581814406562580","idStr":"3581814406562580"},"themes":[],"title":"","htmlText":"F","listText":"F","text":"F","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/878796603","repostId":"1168434077","repostType":4,"repost":{"id":"1168434077","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1637227046,"share":"https://www.laohunote.com/m/news/1168434077?lang=zh_CN&edition=full","pubTime":"2021-11-18 17:17","market":"us","language":"en","title":"Novavax shares jumped 5% in premarket trading<blockquote>Novavax 股价在盘前交易中上涨 5%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1168434077","media":"Tiger Newspress","summary":"Novavax shares jumped 5% in premarket trading as EU decision on Novavax COVID-19 shot could come 'wi","content":"<p>Novavax shares jumped 5% in premarket trading&nbsp;as&nbsp;EU decision on Novavax COVID-19 shot could come 'within weeks'.</p><p><blockquote>由于欧盟可能在“几周内”就 Novavax COVID-19 注射做出决定，Novavax 股价在盘前交易中上涨 5%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/6082341ff6cf8c02e6284028a5ba5cd6\" tg-width=\"848\" tg-height=\"620\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> The European Union’s drug regulator said on Wednesday it could decide on Novavax’s COVID-19 vaccine approval “within weeks” if the data it has received from the drugmaker was sufficient to prove the shot’s effectiveness.</p><p><blockquote>欧盟药品监管机构周三表示，如果从制药商那里收到的数据足以证明疫苗的有效性，它可能会在 “几周内 ”决定是否批准 Novavax 的 COVID-19 疫苗。</blockquote></p><p> The protein-based vaccine, branded Nuvaxovid, has been under a rolling review since February, the European Medicines Agency (EMA) said. Such reviews allow for a speedy approval.</p><p><blockquote>欧洲药品管理局（EMA）表示，这种名为Nuvaxovid的蛋白质疫苗自2月份以来一直在接受滚动审查。这样的审查允许快速批准。</blockquote></p><p> If approved by the EMA, the shot would be the region’s fifth coronavirus vaccine, joining those from Pfizer-BioNTech, Moderna, AstraZeneca and Johnson &amp; Johnson.</p><p><blockquote>如果获得欧洲药品管理局（EMA）批准，该疫苗将成为该地区的第五种冠状病毒疫苗，此前辉瑞-BioNTech、Moderna、阿斯利康和强生公司的疫苗也已上市。</blockquote></p><p> The major approval could come much ahead of authorisation in the United States, where Novavax had to resolve manufacturing issues and expects to file for approval by the end of the year.</p><p><blockquote>主要批准可能会比美国的授权提前很多，Novavax 必须解决美国的制造问题，并预计将在今年年底前申请批准。</blockquote></p><p> The EMA said two of its advisory panels were looking into various plans submitted by Novavax on risk management, and development and studies of the vaccine for use in children.</p><p><blockquote>EMA表示，其两个顾问小组正在研究Novavax提交的关于风险管理的各种计划，以及用于儿童的疫苗的开发和研究。</blockquote></p><p> Novavax’s shot received its first emergency use approval earlier this month in Indonesia. The company has also sought backing from the World Health Organization. The Philippines on Wednesday authorised emergency use of a version made by India’s Serum Institute.</p><p><blockquote>本月早些时候，Novavax 的疫苗在印度尼西亚获得了首个紧急使用批准。该公司还寻求世界卫生组织的支持。菲律宾周三授权紧急使用印度血清研究所生产的一种版本。</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>Novavax shares jumped 5% in premarket trading<blockquote>Novavax 股价在盘前交易中上涨 5%</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNovavax shares jumped 5% in premarket trading<blockquote>Novavax 股价在盘前交易中上涨 5%</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-11-18 17:17</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Novavax shares jumped 5% in premarket trading&nbsp;as&nbsp;EU decision on Novavax COVID-19 shot could come 'within weeks'.</p><p><blockquote>由于欧盟可能在“几周内”就 Novavax COVID-19 注射做出决定，Novavax 股价在盘前交易中上涨 5%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/6082341ff6cf8c02e6284028a5ba5cd6\" tg-width=\"848\" tg-height=\"620\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> The European Union’s drug regulator said on Wednesday it could decide on Novavax’s COVID-19 vaccine approval “within weeks” if the data it has received from the drugmaker was sufficient to prove the shot’s effectiveness.</p><p><blockquote>欧盟药品监管机构周三表示，如果从制药商那里收到的数据足以证明疫苗的有效性，它可能会在 “几周内 ”决定是否批准 Novavax 的 COVID-19 疫苗。</blockquote></p><p> The protein-based vaccine, branded Nuvaxovid, has been under a rolling review since February, the European Medicines Agency (EMA) said. Such reviews allow for a speedy approval.</p><p><blockquote>欧洲药品管理局（EMA）表示，这种名为Nuvaxovid的蛋白质疫苗自2月份以来一直在接受滚动审查。这样的审查允许快速批准。</blockquote></p><p> If approved by the EMA, the shot would be the region’s fifth coronavirus vaccine, joining those from Pfizer-BioNTech, Moderna, AstraZeneca and Johnson &amp; Johnson.</p><p><blockquote>如果获得欧洲药品管理局（EMA）批准，该疫苗将成为该地区的第五种冠状病毒疫苗，此前辉瑞-BioNTech、Moderna、阿斯利康和强生公司的疫苗也已上市。</blockquote></p><p> The major approval could come much ahead of authorisation in the United States, where Novavax had to resolve manufacturing issues and expects to file for approval by the end of the year.</p><p><blockquote>主要批准可能会比美国的授权提前很多，Novavax 必须解决美国的制造问题，并预计将在今年年底前申请批准。</blockquote></p><p> The EMA said two of its advisory panels were looking into various plans submitted by Novavax on risk management, and development and studies of the vaccine for use in children.</p><p><blockquote>EMA表示，其两个顾问小组正在研究Novavax提交的关于风险管理的各种计划，以及用于儿童的疫苗的开发和研究。</blockquote></p><p> Novavax’s shot received its first emergency use approval earlier this month in Indonesia. The company has also sought backing from the World Health Organization. The Philippines on Wednesday authorised emergency use of a version made by India’s Serum Institute.</p><p><blockquote>本月早些时候，Novavax 的疫苗在印度尼西亚获得了首个紧急使用批准。该公司还寻求世界卫生组织的支持。菲律宾周三授权紧急使用印度血清研究所生产的一种版本。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NVAX":"诺瓦瓦克斯医药"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1168434077","content_text":"Novavax shares jumped 5% in premarket trading as EU decision on Novavax COVID-19 shot could come 'within weeks'.\n\nThe European Union’s drug regulator said on Wednesday it could decide on Novavax’s COVID-19 vaccine approval “within weeks” if the data it has received from the drugmaker was sufficient to prove the shot’s effectiveness.\nThe protein-based vaccine, branded Nuvaxovid, has been under a rolling review since February, the European Medicines Agency (EMA) said. Such reviews allow for a speedy approval.\nIf approved by the EMA, the shot would be the region’s fifth coronavirus vaccine, joining those from Pfizer-BioNTech, Moderna, AstraZeneca and Johnson & Johnson.\nThe major approval could come much ahead of authorisation in the United States, where Novavax had to resolve manufacturing issues and expects to file for approval by the end of the year.\nThe EMA said two of its advisory panels were looking into various plans submitted by Novavax on risk management, and development and studies of the vaccine for use in children.\nNovavax’s shot received its first emergency use approval earlier this month in Indonesia. The company has also sought backing from the World Health Organization. The Philippines on Wednesday authorised emergency use of a version made by India’s Serum Institute.","news_type":1,"symbols_score_info":{"NVAX":0.9}},"isVote":1,"tweetType":1,"viewCount":1019,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":878796195,"gmtCreate":1637229323234,"gmtModify":1637229323685,"author":{"id":"3581814406562580","authorId":"3581814406562580","name":"bhahab","avatar":"https://static.tigerbbs.com/da94be6bbb6d4ccc736167ee40fdfe71","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581814406562580","idStr":"3581814406562580"},"themes":[],"title":"","htmlText":"G","listText":"G","text":"G","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/878796195","repostId":"1115627541","repostType":4,"isVote":1,"tweetType":1,"viewCount":1559,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"hots":[{"id":839195556,"gmtCreate":1629125385475,"gmtModify":1633687202447,"author":{"id":"3581814406562580","authorId":"3581814406562580","name":"bhahab","avatar":"https://static.tigerbbs.com/da94be6bbb6d4ccc736167ee40fdfe71","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581814406562580","authorIdStr":"3581814406562580"},"themes":[],"title":"","htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":11,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/839195556","repostId":"2159248377","repostType":4,"isVote":1,"tweetType":1,"viewCount":691,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":873134645,"gmtCreate":1636877754950,"gmtModify":1636877755361,"author":{"id":"3581814406562580","authorId":"3581814406562580","name":"bhahab","avatar":"https://static.tigerbbs.com/da94be6bbb6d4ccc736167ee40fdfe71","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581814406562580","authorIdStr":"3581814406562580"},"themes":[],"title":"","htmlText":"F","listText":"F","text":"F","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/873134645","repostId":"1103944030","repostType":4,"isVote":1,"tweetType":1,"viewCount":627,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":106576849,"gmtCreate":1620136739581,"gmtModify":1634207545590,"author":{"id":"3581814406562580","authorId":"3581814406562580","name":"bhahab","avatar":"https://static.tigerbbs.com/da94be6bbb6d4ccc736167ee40fdfe71","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581814406562580","authorIdStr":"3581814406562580"},"themes":[],"title":"","htmlText":"Like n comment pls","listText":"Like n comment pls","text":"Like n comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/106576849","repostId":"1141446343","repostType":4,"repost":{"id":"1141446343","kind":"news","pubTimestamp":1620108260,"share":"https://www.laohunote.com/m/news/1141446343?lang=zh_CN&edition=full","pubTime":"2021-05-04 14:04","market":"us","language":"en","title":"Bill and Melinda Gates are getting divorced. Here are some stocks they owned<blockquote>比尔和梅林达·盖茨要离婚了。以下是他们拥有的一些股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1141446343","media":"seeking alpha","summary":"Though the pairin a statement assuredthe public that they will continue to work together at their foundation despiteending their marriage, the news about the Microsoftfounder and his partner of 27 years may send shockwaves across their projects.In the latest13F filingfrom the Bill and Melinda Gates Foundation Trust for the period ended 12/31/20, top holdings by value in descending order included Berkshire Hathaway, Waste Management, Caterpillar, Canadian National, Walmart, EcoLab, Crown Castle, ","content":"<p><ul><li>Though the pairin a statement assuredthe public that they will continue to work together at their foundation despiteending their marriage, the news about the Microsoft(NASDAQ:MSFT)founder and his partner of 27 years may send shockwaves across their projects.</li><li>In the latest13F filingfrom the Bill and Melinda Gates Foundation Trust for the period ended 12/31/20, top holdings by value in descending order included Berkshire Hathaway(NYSE:BRK.B), Waste Management(NYSE:WM), Caterpillar(NYSE:CAT), Canadian National(NYSE:CNI), Walmart(NYSE:WMT), EcoLab(NYSE:ECL), Crown Castle(NYSE:CCI), Fedex(NYSE:FDX)and UPS(NYSE:UPS).</li><li><a href=\"https://laohu8.com/S/TWOA.U\">Two</a> stocks in which the foundation has a large stake (more than 10% of shares outstanding) included Schrodinger(NASDAQ:SDGR)and Coca-Cola Femsa(NYSE:KOF).</li><li>Most of the other holdings were below $1 billion in market value and their ownership consisted of less than 3% of shares outstanding in the associated stock.</li><li>The Bill and Melinda Gates Foundation, in their latestquarterly filing, disclosed ownership stakes in Amyris(NASDAQ:AMRS), Vir Biotech(NASDAQ:VIR), BionTech(NASDAQ:BNTX), Curevac(NASDAQ:CVAC)and <a href=\"https://laohu8.com/S/BCEL\">Atreca</a>(NASDAQ:BCEL).</li><li>Our readers may recall when the world's richest person, Jeff Bezos, and his partner Mackenzie Scottcalled it quits two years ago.&nbsp;This is how their wealth ended upsplit between them.</li></ul></p><p><blockquote><ul><li>尽管这对夫妇在一份声明中向公众保证，尽管他们已经结婚，但他们仍将继续在基金会合作，但有关这位微软（纳斯达克股票代码：MSFT）创始人和他 27 年的伴侣的消息可能会给他们的项目带来冲击波。</li><li>在 Bill 和 Melinda Gates Foundation Trust 提交的截至 2020 年 12 月 31 日期间的最新 13F 文件中，按价值降序排列的最大持股包括伯克希尔哈撒韦公司 (NYSE:BRK.B)、废物管理公司 (NYSE:WM)、卡特彼勒公司 (NYSE:CAT)、加拿大国家航空 (NYSE:CNI)、沃尔玛 (NYSE:WMT)、艺康 (NYSE:ECL)、皇冠城堡 (NYSE:CCI)、联邦快递 (NYSE:FDX) 和 UPS (NYSE:UPS)。</li><li><a href=\"https://laohu8.com/S/TWOA.U\">二</a>该基金会持有大量股份（超过流通股的 10%）的股票包括薛定谔（纳斯达克股票代码：SDGR）和可口可乐 Femsa（纽约证券交易所股票代码：KOF）。</li><li>大多数其他持股的市值低于 10 亿美元，其所有权仅占相关股票流通股的不到 3%。</li><li>比尔及梅琳达·盖茨基金会在最新的季度文件中披露了 Amyris（纳斯达克股票代码：AMRS）、Vir Biotech（纳斯达克股票代码：VIR）、BionTech（纳斯达克股票代码：BNTX）、Curevac（纳斯达克股票代码：CVAC）和<a href=\"https://laohu8.com/S/BCEL\">阿特雷卡</a>（纳斯达克股票代码：BCEL）</li><li>我们的读者可能还记得两年前世界首富杰夫·贝索斯和他的合伙人麦肯齐·斯科特宣布退出。这就是他们的财富最终在他们之间瓜分的方式。</li></ul></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>Bill and Melinda Gates are getting divorced. Here are some stocks they owned<blockquote>比尔和梅林达·盖茨要离婚了。以下是他们拥有的一些股票</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBill and Melinda Gates are getting divorced. Here are some stocks they owned<blockquote>比尔和梅林达·盖茨要离婚了。以下是他们拥有的一些股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">seeking alpha</strong><span class=\"h-time small\">2021-05-04 14:04</span>\n</p>\n</h4>\n</header>\n<article>\n<p><ul><li>Though the pairin a statement assuredthe public that they will continue to work together at their foundation despiteending their marriage, the news about the Microsoft(NASDAQ:MSFT)founder and his partner of 27 years may send shockwaves across their projects.</li><li>In the latest13F filingfrom the Bill and Melinda Gates Foundation Trust for the period ended 12/31/20, top holdings by value in descending order included Berkshire Hathaway(NYSE:BRK.B), Waste Management(NYSE:WM), Caterpillar(NYSE:CAT), Canadian National(NYSE:CNI), Walmart(NYSE:WMT), EcoLab(NYSE:ECL), Crown Castle(NYSE:CCI), Fedex(NYSE:FDX)and UPS(NYSE:UPS).</li><li><a href=\"https://laohu8.com/S/TWOA.U\">Two</a> stocks in which the foundation has a large stake (more than 10% of shares outstanding) included Schrodinger(NASDAQ:SDGR)and Coca-Cola Femsa(NYSE:KOF).</li><li>Most of the other holdings were below $1 billion in market value and their ownership consisted of less than 3% of shares outstanding in the associated stock.</li><li>The Bill and Melinda Gates Foundation, in their latestquarterly filing, disclosed ownership stakes in Amyris(NASDAQ:AMRS), Vir Biotech(NASDAQ:VIR), BionTech(NASDAQ:BNTX), Curevac(NASDAQ:CVAC)and <a href=\"https://laohu8.com/S/BCEL\">Atreca</a>(NASDAQ:BCEL).</li><li>Our readers may recall when the world's richest person, Jeff Bezos, and his partner Mackenzie Scottcalled it quits two years ago.&nbsp;This is how their wealth ended upsplit between them.</li></ul></p><p><blockquote><ul><li>尽管这对夫妇在一份声明中向公众保证，尽管他们已经结婚，但他们仍将继续在基金会合作，但有关这位微软（纳斯达克股票代码：MSFT）创始人和他 27 年的伴侣的消息可能会给他们的项目带来冲击波。</li><li>在 Bill 和 Melinda Gates Foundation Trust 提交的截至 2020 年 12 月 31 日期间的最新 13F 文件中，按价值降序排列的最大持股包括伯克希尔哈撒韦公司 (NYSE:BRK.B)、废物管理公司 (NYSE:WM)、卡特彼勒公司 (NYSE:CAT)、加拿大国家航空 (NYSE:CNI)、沃尔玛 (NYSE:WMT)、艺康 (NYSE:ECL)、皇冠城堡 (NYSE:CCI)、联邦快递 (NYSE:FDX) 和 UPS (NYSE:UPS)。</li><li><a href=\"https://laohu8.com/S/TWOA.U\">二</a>该基金会持有大量股份（超过流通股的 10%）的股票包括薛定谔（纳斯达克股票代码：SDGR）和可口可乐 Femsa（纽约证券交易所股票代码：KOF）。</li><li>大多数其他持股的市值低于 10 亿美元，其所有权仅占相关股票流通股的不到 3%。</li><li>比尔及梅琳达·盖茨基金会在最新的季度文件中披露了 Amyris（纳斯达克股票代码：AMRS）、Vir Biotech（纳斯达克股票代码：VIR）、BionTech（纳斯达克股票代码：BNTX）、Curevac（纳斯达克股票代码：CVAC）和<a href=\"https://laohu8.com/S/BCEL\">阿特雷卡</a>（纳斯达克股票代码：BCEL）</li><li>我们的读者可能还记得两年前世界首富杰夫·贝索斯和他的合伙人麦肯齐·斯科特宣布退出。这就是他们的财富最终在他们之间瓜分的方式。</li></ul></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/news/3689813-bill-and-melinda-gates-are-getting-divorced-here-are-some-stocks-they-owned\">seeking alpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"FDX":"联邦快递","UPS":"联合包裹","VIR":"Vir Biotechnology, Inc.","CCI":"冠城","WM":"美国废物管理","AMRS":"阿米瑞斯","KOF":"可口可乐凡萨瓶装","CVAC":"CureVac B.V.","BNTX":"BioNTech SE","BRK.B":"伯克希尔B","CNI":"加拿大国家铁路","WMT":"沃尔玛","MSFT":"微软","SDGR":"Schrodinger Inc.","WCLD":"WisdomTree Cloud Computing Fund","CAT":"卡特彼勒"},"source_url":"https://seekingalpha.com/news/3689813-bill-and-melinda-gates-are-getting-divorced-here-are-some-stocks-they-owned","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1141446343","content_text":"Though the pairin a statement assuredthe public that they will continue to work together at their foundation despiteending their marriage, the news about the Microsoft(NASDAQ:MSFT)founder and his partner of 27 years may send shockwaves across their projects.In the latest13F filingfrom the Bill and Melinda Gates Foundation Trust for the period ended 12/31/20, top holdings by value in descending order included Berkshire Hathaway(NYSE:BRK.B), Waste Management(NYSE:WM), Caterpillar(NYSE:CAT), Canadian National(NYSE:CNI), Walmart(NYSE:WMT), EcoLab(NYSE:ECL), Crown Castle(NYSE:CCI), Fedex(NYSE:FDX)and UPS(NYSE:UPS).Two stocks in which the foundation has a large stake (more than 10% of shares outstanding) included Schrodinger(NASDAQ:SDGR)and Coca-Cola Femsa(NYSE:KOF).Most of the other holdings were below $1 billion in market value and their ownership consisted of less than 3% of shares outstanding in the associated stock.The Bill and Melinda Gates Foundation, in their latestquarterly filing, disclosed ownership stakes in Amyris(NASDAQ:AMRS), Vir Biotech(NASDAQ:VIR), BionTech(NASDAQ:BNTX), Curevac(NASDAQ:CVAC)and Atreca(NASDAQ:BCEL).Our readers may recall when the world's richest person, Jeff Bezos, and his partner Mackenzie Scottcalled it quits two years ago. This is how their wealth ended upsplit between them.","news_type":1,"symbols_score_info":{"CAT":0.9,"FDX":0.9,"VIR":0.9,"WCLD":0.9,"AMRS":0.9,"CVAC":0.9,"WM":0.9,"BNTX":0.9,"BRK.B":0.9,"UPS":0.9,"CCI":0.9,"CNI":0.9,"KOF":0.9,"WMT":0.9,"MSFT":0.9,"BCEL":0.9,"SDGR":0.9}},"isVote":1,"tweetType":1,"viewCount":653,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":891214340,"gmtCreate":1628391425680,"gmtModify":1633747436753,"author":{"id":"3581814406562580","authorId":"3581814406562580","name":"bhahab","avatar":"https://static.tigerbbs.com/da94be6bbb6d4ccc736167ee40fdfe71","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581814406562580","authorIdStr":"3581814406562580"},"themes":[],"title":"","htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/891214340","repostId":"1180529438","repostType":4,"repost":{"id":"1180529438","kind":"news","pubTimestamp":1628386129,"share":"https://www.laohunote.com/m/news/1180529438?lang=zh_CN&edition=full","pubTime":"2021-08-08 09:28","market":"us","language":"en","title":"SEC Moves First DeFi Unregistered Securities Lawsuit<blockquote>SEC 提起首例 DeFi 未注册证券诉讼</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1180529438","media":"Benzinga","summary":"The United States Securities and Exchange Commission  sued the organization responsible for the development of a decentralized finance  protocol over activities involved with the project for the first time.What Happened: According to a Friday SEC announcement, the agency has sued Cayman Islands-based Blockchain Credit Partners and two of its top executives over allegedly selling unregistered securities through its DeFi Money Market platform from February 2020 to February 2021. The firm purported","content":"<p><div> The United States Securities and Exchange Commission (SEC) sued the organization responsible for the development of a decentralized finance (DeFi) protocol over activities involved with the project ...</p><p><blockquote><div>美国证券交易委员会（SEC）就该项目涉及的活动起诉了负责开发去中心化金融（DeFi）协议的组织……</div></blockquote></p><p>  <a href=\"https://www.benzinga.com/markets/cryptocurrency/21/08/22378359/sec-moves-first-defi-unregistered-securities-lawsuit\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.benzinga.com/markets/cryptocurrency/21/08/22378359/sec-moves-first-defi-unregistered-securities-lawsuit\">网页连接</a></blockquote></p><p></p>","source":"lsy1606299360108","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SEC Moves First DeFi Unregistered Securities Lawsuit<blockquote>SEC 提起首例 DeFi 未注册证券诉讼</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\">\nSEC Moves First DeFi Unregistered Securities Lawsuit<blockquote>SEC 提起首例 DeFi 未注册证券诉讼</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Benzinga</strong><span class=\"h-time small\">2021-08-08 09:28</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> The United States Securities and Exchange Commission (SEC) sued the organization responsible for the development of a decentralized finance (DeFi) protocol over activities involved with the project ...</p><p><blockquote><div>美国证券交易委员会（SEC）就该项目涉及的活动起诉了负责开发去中心化金融（DeFi）协议的组织……</div></blockquote></p><p>  <a href=\"https://www.benzinga.com/markets/cryptocurrency/21/08/22378359/sec-moves-first-defi-unregistered-securities-lawsuit\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.benzinga.com/markets/cryptocurrency/21/08/22378359/sec-moves-first-defi-unregistered-securities-lawsuit\">网页连接</a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.benzinga.com/markets/cryptocurrency/21/08/22378359/sec-moves-first-defi-unregistered-securities-lawsuit\">Benzinga</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://www.benzinga.com/markets/cryptocurrency/21/08/22378359/sec-moves-first-defi-unregistered-securities-lawsuit","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1180529438","content_text":"The United States Securities and Exchange Commission (SEC) sued the organization responsible for the development of a decentralized finance (DeFi) protocol over activities involved with the project for the first time.\nWhat Happened: According to a Friday SEC announcement, the agency has sued Cayman Islands-based Blockchain Credit Partners and two of its top executives over allegedly selling unregistered securities through its DeFi Money Market platform from February 2020 to February 2021. The firm purportedly sold over $30 million worth of two types of tokens that the SEC deemed to be securities that should have been registered as such.\nThe SEC notes that Blockchain Credit Partners founders Gregory Keough and Derek Acree will have to pay fines of $125,000 while the company itself also agreed to pay $12.8 million in disgorgement. The settlement does not indicate an admition or denial the accusations.\nNew Game, Old Rules?\nSEC Enforcement Director Gurbir Grewal explained that \"full and honest disclosure remains the cornerstone of our securities laws — no matter what technologies are used to offer and sell those securities.\" This comment makes it very clear that slapping the DeFi label on a project and hoping to avoid regulation this way works no better than calling it a \"utility token\" prevented falling under the SEC's scrutiny during 2017's initial coin offering craze.\nThe SEC is trying to send the clear rule that the new kind of financial organizations that operate on blockchains have to still play by the old rules that govern traditional finance. At the same time, market onlookers are not sure if the regulator is actually right.\nIn a way, it is a tour de force where the regulator wins every time it has a way to take enforcement action, but these new organizations potentially have a very real way to make enforcement impossible — or at the very least impractical. The only protection against enforcement by the SEC and other regulators is decentralization and the only reason why the SEC was able to act in this case is that a centralized organization such as Blockchain Credit Partners exists.\nWhat's Next:If no company exists and all that there is to a DeFi protocol is a set of smart contracts deployed on a blockchain by a group of anonymous developers scattered around the world there is very little that the SEC can do short of attacking the blockchain itself. This is where the decentralization of the underlying blockchain comes into play: will the regulators for instance be able to force Ethereum's (CRYPTO: ETH) core development team to write an update stopping such a project?\nIf the regulators would actually be able to force the blockchain's developers to write such an update, would node operators and miners or stakers adopt this software or would they refuse to? Such situations will be the real test of the decentralization and reliability of any blockchain that many are waiting to happen. Regulators are seeing power slipping away between their fingers like sand, and they are going to try to grab it.","news_type":1,"symbols_score_info":{"COIN":0.9}},"isVote":1,"tweetType":1,"viewCount":398,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":802148525,"gmtCreate":1627740603467,"gmtModify":1633756708052,"author":{"id":"3581814406562580","authorId":"3581814406562580","name":"bhahab","avatar":"https://static.tigerbbs.com/da94be6bbb6d4ccc736167ee40fdfe71","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581814406562580","authorIdStr":"3581814406562580"},"themes":[],"title":"","htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/802148525","repostId":"2155001152","repostType":4,"isVote":1,"tweetType":1,"viewCount":736,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":177603716,"gmtCreate":1627203450335,"gmtModify":1633767181559,"author":{"id":"3581814406562580","authorId":"3581814406562580","name":"bhahab","avatar":"https://static.tigerbbs.com/da94be6bbb6d4ccc736167ee40fdfe71","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581814406562580","authorIdStr":"3581814406562580"},"themes":[],"title":"","htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":12,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/177603716","repostId":"1176552691","repostType":4,"repost":{"id":"1176552691","kind":"news","pubTimestamp":1627183789,"share":"https://www.laohunote.com/m/news/1176552691?lang=zh_CN&edition=full","pubTime":"2021-07-25 11:29","market":"us","language":"en","title":"Is IBM Stock Undervalued Or Overvalued? What To Consider<blockquote>IBM 股票被低估还是被高估？需要考虑什么</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1176552691","media":"seekingalpha","summary":"Summary\n\nIBM beat analysts’ second-quarter earnings as cloud revenue and operating margins improved.","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>IBM beat analysts’ second-quarter earnings as cloud revenue and operating margins improved.</li>  <li>Prior to Q1, IBM posted declining revenue for four consecutive quarters, and 30 of the last 34 quarters.</li>  <li>More transparency is needed regarding the Kyndryl spinoff.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2c798e0536c6804d44b195f6f349fab5\" tg-width=\"1536\" tg-height=\"1044\" width=\"100%\" height=\"auto\"><span>Ethan Miller/Getty Images News</span></p><p><blockquote><ul><li>IBM 第二季度盈利超出分析师预期，云收入和营业利润率均有所提高。</li><li>在第一季度之前，IBM 连续四个季度收入下降，过去 34 个季度中有 30 个季度收入下降。</li><li>Kyndryl分拆需要更多的透明度。</li></ul><p class=\"t-img-caption\"><span>伊桑·米勒/盖蒂图片社新闻</span></p></blockquote></p><p> International Business Machines Corporation (IBM) is a company in transition. Unfortunately for investors, the transition has been in place for the better part of a decade. Those turnaround efforts include investments in cloud computing and artificial intelligence and the divestiture of legacy businesses. While there are now signs of green shoots, it is yet to be seen as to whether the seeds sown have fallen on rocky ground.</p><p><blockquote>国际商用机器公司（IBM）是一家处于转型期的公司。对投资者来说不幸的是，这种转变已经持续了十年的大部分时间。这些扭亏为盈的努力包括对云计算和人工智能的投资以及传统业务的剥离。虽然现在有绿芽的迹象，但播种的种子是否落在岩石地上还有待观察。</blockquote></p><p> Although the company has a rapidly growing business in hybrid cloud offerings, and a potential growth engine in quantum computing, it faces intense competition in the former industry and uncertain prospects in the latter. Most of the firm’s other businesses are in the doldrums, so IBM’s growth prospects are opaque.</p><p><blockquote>尽管该公司在混合云产品方面的业务快速增长，并且在量子计算方面是一个潜在的增长引擎，但它面临着前者行业的激烈竞争和后者行业的不确定前景。公司的大多数其他业务都处于低迷状态，因此 IBM 的增长前景不明朗。</blockquote></p><p> What is certain is that as of today, IBM has a reasonable and diminishing debt load and strong free cash flow.</p><p><blockquote>可以肯定的是，截至今天，IBM 拥有合理且不断减少的债务负担和强劲的自由现金流。</blockquote></p><p> Management is attempting to address growth concerns in part by focusing on the firm’s cloud offerings, while it spins off its managed infrastructure business. That company will be named Kyndryl. However, the debt which the new entity will shoulder, along with the portion of the current dividend that it will carry, has not been divulged.</p><p><blockquote>管理层正试图通过专注于公司的云产品来解决增长问题，同时剥离托管基础设施业务。该公司将被命名为 Kyndryl。然而，新实体将承担的债务以及它将承担的当前股息部分尚未披露。</blockquote></p><p> <b>Recent Quarterly Results</b></p><p><blockquote><b>最近季度业绩</b></blockquote></p><p> IBM&nbsp;reported&nbsp;Q2 results last Monday. With non-GAAP EPS of $2.33, the company beat estimates by $0.04.</p><p><blockquote>IBM 上周一公布了第二季度业绩。该公司非 GAAP 每股收益为 2.33 美元，超出预期 0.04 美元。</blockquote></p><p> Revenue of $18.7 billion was flat when adjusted for currency and divestitures.</p><p><blockquote>经货币和资产剥离调整后，收入为 187 亿美元，持平。</blockquote></p><p> The negative side of the report had Systems revenue declining by 7%. However, this was largely due to the normal IBM Z mainframe cycle, down 13% year over year.</p><p><blockquote>该报告的负面影响是系统收入下降了 7%。然而，这主要是由于正常的 IBM Z 大型机周期，同比下降 13%。</blockquote></p><p> The global financing division, which represents a low single digit percentage of overall revenues, was down 9%. Global technology services, which represents roughly a third of overall revenue and will largely be spun off as Kyndryl, had flattish growth.</p><p><blockquote>全球融资部门占总收入的个位数比例较低，下降了 9%。全球技术服务约占总收入的三分之一，并将大部分分拆为 Kyndryl，但增长持平。</blockquote></p><p> The positive side of the report had Cloud &amp; Cognitive Software cloud revenue up 29% and Global Business Services cloud revenue up 35%. Total cloud revenue of $27 billion increased by 15% over the last 12 months, while cloud revenue grew 13% in the quarter to $7.0 billion.</p><p><blockquote>该报告的积极方面是云和认知软件云收入增长了29%，全球商业服务云收入增长了35%。过去 12 个月，云总收入为 270 亿美元，增长了 15%，而本季度云收入增长了 13%，达到 70 亿美元。</blockquote></p><p> Net cash from operating activities hit $17.7 billion, and adjusted free cash flow totaled $11 billion over the last 12 months.</p><p><blockquote>过去 12 个月，经营活动产生的净现金达到 177 亿美元，调整后自由现金流总计 110 亿美元。</blockquote></p><p> Since year-end 2020, the company has reduced debt by $6.4 billion.</p><p><blockquote>自2020年底以来，该公司已减少债务64亿美元。</blockquote></p><p> Management guides for adjusted free cash flow of $11 billion to $12 billion in 2021.</p><p><blockquote>2021年调整后自由现金流110亿至120亿美元的管理指南。</blockquote></p><p> <b>Where IBM Stands Tall</b></p><p><blockquote><b>IBM的立足点</b></blockquote></p><p> IBM is viewed by many as at best a third rate IT company and at worst as a dinosaur, headed towards extinction.</p><p><blockquote>许多人认为IBM充其量是一家三流IT公司，最坏的情况是一只濒临灭绝的恐龙。</blockquote></p><p> It is evident that the company’s revenues have declined for years; however, to accurately assess the stock, investors must understand that IBM’s legacy businesses have many strengths.</p><p><blockquote>很明显，该公司的收入多年来一直在下降；然而，要准确评估该股，投资者必须了解 IBM 的传统业务有很多优势。</blockquote></p><p> For example, IBM is the world’s largest IT services company and the dominant provider of mainframes. Among the Fortune 50 companies, 47 are IBM clients.</p><p><blockquote>例如，IBM 是世界上最大的 IT 服务公司，也是大型机的主要供应商。在财富50强公司中，有47家是IBM的客户。</blockquote></p><p> Half of the world’s wireless connections are handled by the firm.</p><p><blockquote>世界上一半的无线连接都由该公司处理。</blockquote></p><p> IBM's mainframe systems process nearly 90% of the globe’s credit card transactions, and 97% of the world's largest banks rely on IBM products and services. Consequently, twenty-nine billion ATM transactions are processed annually using IBM systems.</p><p><blockquote>IBM 的大型机系统处理了全球近 90% 的信用卡交易，全球 97% 的最大银行依赖 IBM 的产品和服务。因此，每年使用IBM系统处理290亿笔ATM交易。</blockquote></p><p> Eight out of 10 global retailers rely on IBM products and services while 80% of the travel industry's reservations run through IBM systems. That results in 4 billion flight reservations being processed using the company’s IT services.</p><p><blockquote>十分之八的全球零售商依赖IBM的产品和服务，而旅游业80%的预订都是通过IBM系统进行的。这导致使用该公司的 IT 服务处理了 40 亿个航班预订。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7ace4f1436fd2697c5ad266b5017e1dd\" tg-width=\"960\" tg-height=\"721\" width=\"100%\" height=\"auto\"><span>Source: Forbes</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：福布斯</span></p></blockquote></p><p> It is evident that IBM has a massive customer base that provides large scale recurring revenues. In many cases, moving to competitors' offerings would mean risking the transfer of sensitive information, a move many are not willing to take.</p><p><blockquote>很明显，IBM拥有庞大的客户群，提供了大规模的经常性收入。在许多情况下，转向竞争对手的产品意味着冒着敏感信息传输的风险，这是许多人不愿意采取的举措。</blockquote></p><p> However, with the transition to cloud services and open source software, there is an increased adoption by firms of mix and match IT infrastructures. In turn, this is eroding IBM’s competitive advantage associated with customer switching costs.</p><p><blockquote>然而，随着向云服务和开源软件的过渡，企业越来越多地采用混合匹配的IT基础架构。反过来，这又侵蚀了 IBM 在客户转换成本方面的竞争优势。</blockquote></p><p> <b>The Sources Of Potential Growth</b></p><p><blockquote><b>潜在增长的来源</b></blockquote></p><p></p><p> Investors are generally aware of IBM's effort to drive growth through its hybrid cloud offerings. However, when questioned at JPMorgan’s recent investor conference, CFO Jim Kavanaugh&nbsp;provided insight&nbsp;into how hybrid cloud drives revenue in some of IBM’s other divisions.</p><p><blockquote>投资者普遍意识到 IBM 通过其混合云产品推动增长的努力。不过，在摩根大通最近举行的投资者大会上，首席财务官吉姆-卡瓦诺（Jim Kavanaugh）在接受提问时，就混合云如何推动 IBM 其他一些部门的收入提出了见解。</blockquote></p><p>   For every $1 (in business) we land on a hybrid cloud platform, we see $3 to $5 of software drag and $6 to $8 of services drag overall.  Of course, Kavanaugh is using drag to refer to increased revenue in software and services associated with adoption of IBM’s hybrid cloud. If Kavanaugh’s claims are accurate, that means every dollar spent on the company’s hybrid cloud platform translates into $9 to $13 in additional revenue from the firm’s software and services offerings.</p><p><blockquote>我们每在混合云平台上投入1美元（在业务中），就会看到3到5美元的软件拖累和6到8美元的服务拖累。当然，卡瓦诺使用的是 drag 指的是与采用 IBM 混合云相关的软件和服务收入的增加。如果卡瓦诺的说法准确，这意味着在公司混合云平台上花费的每一美元都能从公司的软件和服务产品中获得 9 到 13 美元的额外收入。</blockquote></p><p> Because hybrid cloud uses a mix of on-premises private cloud and public cloud services, it offers clients a degree of data privacy. This is of particular concern for customers in healthcare and financial services. Consequently, I would posit that IBM might have an advantage in competing with other hybrid cloud providers as it has extensive relationships within those industries.</p><p><blockquote>因为混合云混合使用内部私有云和公共云服务，所以它为客户提供了一定程度的数据隐私。医疗保健和金融服务领域的客户尤其关注这一点。因此，我认为IBM在与其他混合云提供商的竞争中可能具有优势，因为它在这些行业中拥有广泛的关系。</blockquote></p><p> I reviewed a variety of prognostications regarding projected growth rates for the hybrid cloud market. The most recent study, which also falls in the middle of other predictions, is by Mordor Intelligence. That firm&nbsp;forecasts&nbsp;a CAGR of 18.73% from 2021 through 2026.</p><p><blockquote>我回顾了关于混合云市场预计增长率的各种预测。最新的研究也属于其他预测的范围，是由魔多情报公司进行的。该公司预测 2021 年至 2026 年的复合年增长率为 18.73%。</blockquote></p><p> Investors should be aware that the major operators in this space are Cisco (CSCO), Hewlett Packard (HPE), Amazon (AMZN), Citrix Systems (CTXS), and IBM.</p><p><blockquote>投资者应该意识到，该领域的主要运营商是思科 (CSCO)、惠普 (HPE)、亚马逊 (AMZN)、思杰系统 (CTXS) 和 IBM。</blockquote></p><p> The following chart provides a record of the firm’s total cloud growth over the last six quarters.</p><p><blockquote>下图记录了该公司过去六个季度的总云增长情况。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5fc85156e70f6caf8ae809f76126a723\" tg-width=\"576\" tg-height=\"336\" width=\"100%\" height=\"auto\"><span>Source: Company reports / Chart by Author</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：公司报告/作者图表</span></p></blockquote></p><p> Aside from cloud, there is another source of potential growth, although it is unlikely to materialize soon.</p><p><blockquote>除了云，还有另一个潜在增长来源，尽管它不太可能很快实现。</blockquote></p><p> Early in 2019, IBM&nbsp;introduced&nbsp;the Q System One. IBM Q systems are the world's first quantum computer designed for scientific and commercial use.</p><p><blockquote>2019年初，IBM推出了Q System One。IBM Q systems是世界上第一台为科学和商业用途设计的量子计算机。</blockquote></p><p> Pardon the pun, but quantum computers represent a quantum leap in technology. Prescient And Strategic Intelligence&nbsp;forecasts&nbsp;a CAGR of 56% for the industry through 2030 with the quantum computer market share reaching nearly $65 billion.</p><p><blockquote>请原谅这个双关语，但量子计算机代表了技术的巨大飞跃。Prescient And Strategic Intelligence预测，到2030年，该行业的CAGR将达到56%，量子计算机市场份额将达到近650亿美元。</blockquote></p><p> For additional insights regarding quantum computing and IBM’s position within that industry, I point you to&nbsp;my article, “IBM: Why My Eye Is Fixed On Big Blue.”</p><p><blockquote>有关量子计算和 IBM 在该行业中的地位的更多见解，我向您推荐我的文章《IBM：为什么我的眼睛盯着蓝色巨人》。</blockquote></p><p> <b>Understanding Kyndryl</b></p><p><blockquote><b>了解Kyndryl</b></blockquote></p><p> Once&nbsp;Kyndryl&nbsp;is launched, it will have more than 90,000 employees and more than 4,600 customers in 115 countries. With a $60 billion services backlog, the new entity will begin with projected revenues of $19 billion. At twice the size of its closest competitor, the company will be the world’s largest managed infrastructure services provider.</p><p><blockquote>Kyndryl一旦推出，将在115个国家拥有9万多名员工和4600多名客户。随着600亿美元的服务积压，新实体的预计收入将达到190亿美元。该公司的规模是其最接近的竞争对手的两倍，将成为全球最大的托管基础设施服务提供商。</blockquote></p><p> The split will&nbsp;transform&nbsp;IBM from a company that pulls half of its revenue from services to a firm with its software and solutions businesses generating over half of its revenue on a recurring basis.</p><p><blockquote>此次拆分将使 IBM 从一家一半收入来自服务的公司转变为一家软件和解决方案业务一半以上收入的公司。</blockquote></p><p> Global Business Services, which currently constitutes 22% of the company’s revenue, will&nbsp;account&nbsp;for over 40% of sales. Here it is important to note that the division grew revenue by 12% year over year in the last quarter.</p><p><blockquote>全球商业服务目前占该公司收入的 22%，将占销售额的 40% 以上。值得注意的是，该部门上一季度的收入同比增长了 12%。</blockquote></p><p> IBM will retain Red Hat and its solution provider business, the systems businesses, and its mission-critical public cloud service, and a software portfolio focused on big data, AI, and security.</p><p><blockquote>IBM 将保留 Red Hat 及其解决方案提供商业务、系统业务、关键任务公共云服务，以及专注于大数据、人工智能和安全的软件产品组合。</blockquote></p><p> Initially, the two companies will each be the largest customer of the other.</p><p><blockquote>最初，两家公司将各自成为对方最大的客户。</blockquote></p><p> What remains to be known regarding the spinoff is how much debt each company will shoulder, and the share of the dividend that the companies will pay. Krishna stated the two companies will work together to sustain the current payout level.</p><p><blockquote>关于分拆，仍有待了解的是每家公司将承担多少债务，以及公司将支付的股息份额。克里希纳表示，两家公司将共同努力维持目前的支付水平。</blockquote></p><p> <b>Has IBM Turned The Corner?</b></p><p><blockquote><b>IBM已经转危为安了吗？</b></blockquote></p><p> Anyone who follows IBM knows the company has experienced an extended period of poor results. The following chart provides a record of the firm’s quarterly FCF over the last fourteen quarters.</p><p><blockquote>任何关注IBM的人都知道，该公司经历了长期的糟糕业绩。下图记录了该公司过去十四个季度的季度自由现金流。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/60cc8b82052f97dd449205999ee30711\" tg-width=\"577\" tg-height=\"337\" width=\"100%\" height=\"auto\"><span>Source: Data from ycharts / chart by author</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：ycharts 数据 / 作者提供的图表</span></p></blockquote></p><p> While this is not proof positive that the company is back on track, the recent trend is at least encouraging.</p><p><blockquote>虽然这并不能证明该公司重回正轨，但最近的趋势至少令人鼓舞。</blockquote></p><p> In 2020, IBM generated $10.8 billion in free cash flow. Management guides for adjusted free cash flow of $11 billion to $12 billion in 2021. This excludes $3 billion in structural impacts related to the Kyndryl spinoff.</p><p><blockquote>2020年，IBM产生了108亿美元的自由现金流。2021年调整后自由现金流110亿至120亿美元的管理指南。这不包括与 Kyndryl 分拆相关的 30 亿美元结构性影响。</blockquote></p><p> The CEO&nbsp;recently stated&nbsp;he expects IBM to generate $12 billion to $13 billion in FCF in 2022.</p><p><blockquote>这位首席执行官最近表示，他预计 IBM 到 2022 年将产生 120 亿至 130 亿美元的自由现金流。</blockquote></p><p> <b>Debt And Dividend</b></p><p><blockquote><b>债务和股息</b></blockquote></p><p></p><p> While investors can rightfully complain of a variety of management moves over the years, the firm has maintained a reasonable debt profile while engaging in a number of acquisitions.</p><p><blockquote>虽然投资者可以理所当然地抱怨多年来的各种管理层变动，但该公司在进行多项收购的同时保持了合理的债务状况。</blockquote></p><p> The company has reduced the debt by roughly $18 billion since its peak in mid-2019. IBM maintains an investment level credit rating, and the following chart provides a record of the company’s progress paying down debt of late.</p><p><blockquote>自 2019 年中期达到峰值以来，该公司已将债务减少了约 180 亿美元。IBM 维持投资级信用评级，下图记录了该公司近期偿还债务的进展情况。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b73e613157c486a5f5e8306546121971\" tg-width=\"1280\" tg-height=\"720\" width=\"100%\" height=\"auto\"><span>Source: IBM Presentation</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：IBM演示文稿</span></p></blockquote></p><p> IBM has a yield of 4.64%, a payout ratio a bit below 61%, and a 5 year dividend growth rate of 4.26%. As previously noted, following the spinoff of Kyndryl, the two companies will team to provide a payout equivalent to the current dividend.</p><p><blockquote>IBM的收益率为4.64%，派息率略低于61%，5年股息增长率为4.26%。如前所述，Kyndryl 分拆后，两家公司将合作提供相当于当前股息的派息。</blockquote></p><p> <b>Is IBM Stock Overvalued?</b></p><p><blockquote><b>IBM 股票被高估了吗？</b></blockquote></p><p> IBM shares trade for $141.13. The average 12 month price target of 8 analysts is $153.50. The price target of the 3 analysts rating the stock since the last earnings report is $151.33.</p><p><blockquote>IBM 股价交易价格为 141.13 美元。8 位分析师的 12 个月平均目标价为 153.50 美元。自上次收益报告以来，3 位分析师对该股的目标价为 151.33 美元。</blockquote></p><p> IBM has a P/E of 24.05x and a forward P/E of 17.67x. This compares to its five year averages of 16.42x and 13.25x respectively. It is well below the sector average which is in the low thirties for both metrics.</p><p><blockquote>IBM的市盈率为24.05倍，远期市盈率为17.67倍。相比之下，其五年平均水平分别为 16.42 倍和 13.25 倍。这两个指标都远低于行业平均水平，行业平均水平都在三十分左右。</blockquote></p><p> The 3 to 5 year PEG provided by Seeking Alpha Premium is 1.16x. Schwab calculates a PEG of 1.49x, and Yahoo does not provide a PEG ratio.</p><p><blockquote>Seeking Alpha Premium 提供的 3 至 5 年期 PEG 为 1.16 倍。嘉信理财计算的PEG为1.49倍，雅虎没有提供PEG比率。</blockquote></p><p> I believe the current P/E ratios for the stock reflect investors anticipating increased growth for IBM once the spinoff is complete. The PEG ratios show the stock is reasonably valued.</p><p><blockquote>我相信该股目前的市盈率反映了投资者对分拆完成后 IBM 增长的预期。挂钩比率显示该股票估值合理。</blockquote></p><p> <b>Is IBM Stock A Good Long-Term Investment?</b></p><p><blockquote><b>IBM 股票是一项好的长期投资吗？</b></blockquote></p><p> IBM has an entrenched but evolving position among many of the largest companies on the globe. Unfortunately, the cloud, which is seen as the company’s primary avenue for growth, could also lead to a slow deterioration in some of the firm’s legacy businesses.</p><p><blockquote>IBM在全球许多最大的公司中拥有根深蒂固但不断发展的地位。不幸的是，被视为公司主要增长途径的云计算也可能导致公司一些传统业务的缓慢恶化。</blockquote></p><p> That the cloud business has been growing at a rapid pace is manifest: IBM can now boast of over 3,200 clients using the firm’s hybrid cloud platform. That is nearly four times the number just prior to the Red Hat acquisition.</p><p><blockquote>云业务的快速增长是显而易见的： IBM 现在拥有 3200 多家客户使用公司的混合云平台。这几乎是红帽收购前数字的四倍。</blockquote></p><p> If management’s claims are accurate, the hybrid cloud platform will create robust growth in the software and services division’s revenues. When combined with the spinoff of Kyndryl’s slow growing managed infrastructure services business, it is reasonable to believe IBM will witness increased growth.</p><p><blockquote>如果管理层的说法准确，混合云平台将为软件和服务部门的收入带来强劲增长。再加上 Kyndryl 发展缓慢的托管基础设施服务业务的分拆，我们有理由相信 IBM 将实现更快的增长。</blockquote></p><p> IBM has a solid balance sheet, a robust yield, and when viewed using PEG ratios as a basis for valuing the stock, the shares are trading at a bit of a discount.</p><p><blockquote>IBM 拥有稳健的资产负债表、强劲的收益率，当使用 PEG 比率作为股票估值的基础时，股票交易价格略有折扣。</blockquote></p><p> All considered, I rate IBM as a BUY.</p><p><blockquote>综合考虑，我将 IBM 评级为买入。</blockquote></p><p> I think the worst case short to mid-term scenario is that the company experiences slow growth while investors collect a rather robust dividend.</p><p><blockquote>我认为中短期内最糟糕的情况是公司增长缓慢，而投资者却获得了相当丰厚的股息。</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>Is IBM Stock Undervalued Or Overvalued? What To Consider<blockquote>IBM 股票被低估还是被高估？需要考虑什么</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIs IBM Stock Undervalued Or Overvalued? What To Consider<blockquote>IBM 股票被低估还是被高估？需要考虑什么</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">seekingalpha</strong><span class=\"h-time small\">2021-07-25 11:29</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>IBM beat analysts’ second-quarter earnings as cloud revenue and operating margins improved.</li>  <li>Prior to Q1, IBM posted declining revenue for four consecutive quarters, and 30 of the last 34 quarters.</li>  <li>More transparency is needed regarding the Kyndryl spinoff.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2c798e0536c6804d44b195f6f349fab5\" tg-width=\"1536\" tg-height=\"1044\" width=\"100%\" height=\"auto\"><span>Ethan Miller/Getty Images News</span></p><p><blockquote><ul><li>IBM 第二季度盈利超出分析师预期，云收入和营业利润率均有所提高。</li><li>在第一季度之前，IBM 连续四个季度收入下降，过去 34 个季度中有 30 个季度收入下降。</li><li>Kyndryl分拆需要更多的透明度。</li></ul><p class=\"t-img-caption\"><span>伊桑·米勒/盖蒂图片社新闻</span></p></blockquote></p><p> International Business Machines Corporation (IBM) is a company in transition. Unfortunately for investors, the transition has been in place for the better part of a decade. Those turnaround efforts include investments in cloud computing and artificial intelligence and the divestiture of legacy businesses. While there are now signs of green shoots, it is yet to be seen as to whether the seeds sown have fallen on rocky ground.</p><p><blockquote>国际商用机器公司（IBM）是一家处于转型期的公司。对投资者来说不幸的是，这种转变已经持续了十年的大部分时间。这些扭亏为盈的努力包括对云计算和人工智能的投资以及传统业务的剥离。虽然现在有绿芽的迹象，但播种的种子是否落在岩石地上还有待观察。</blockquote></p><p> Although the company has a rapidly growing business in hybrid cloud offerings, and a potential growth engine in quantum computing, it faces intense competition in the former industry and uncertain prospects in the latter. Most of the firm’s other businesses are in the doldrums, so IBM’s growth prospects are opaque.</p><p><blockquote>尽管该公司在混合云产品方面的业务快速增长，并且在量子计算方面是一个潜在的增长引擎，但它面临着前者行业的激烈竞争和后者行业的不确定前景。公司的大多数其他业务都处于低迷状态，因此 IBM 的增长前景不明朗。</blockquote></p><p> What is certain is that as of today, IBM has a reasonable and diminishing debt load and strong free cash flow.</p><p><blockquote>可以肯定的是，截至今天，IBM 拥有合理且不断减少的债务负担和强劲的自由现金流。</blockquote></p><p> Management is attempting to address growth concerns in part by focusing on the firm’s cloud offerings, while it spins off its managed infrastructure business. That company will be named Kyndryl. However, the debt which the new entity will shoulder, along with the portion of the current dividend that it will carry, has not been divulged.</p><p><blockquote>管理层正试图通过专注于公司的云产品来解决增长问题，同时剥离托管基础设施业务。该公司将被命名为 Kyndryl。然而，新实体将承担的债务以及它将承担的当前股息部分尚未披露。</blockquote></p><p> <b>Recent Quarterly Results</b></p><p><blockquote><b>最近季度业绩</b></blockquote></p><p> IBM&nbsp;reported&nbsp;Q2 results last Monday. With non-GAAP EPS of $2.33, the company beat estimates by $0.04.</p><p><blockquote>IBM 上周一公布了第二季度业绩。该公司非 GAAP 每股收益为 2.33 美元，超出预期 0.04 美元。</blockquote></p><p> Revenue of $18.7 billion was flat when adjusted for currency and divestitures.</p><p><blockquote>经货币和资产剥离调整后，收入为 187 亿美元，持平。</blockquote></p><p> The negative side of the report had Systems revenue declining by 7%. However, this was largely due to the normal IBM Z mainframe cycle, down 13% year over year.</p><p><blockquote>该报告的负面影响是系统收入下降了 7%。然而，这主要是由于正常的 IBM Z 大型机周期，同比下降 13%。</blockquote></p><p> The global financing division, which represents a low single digit percentage of overall revenues, was down 9%. Global technology services, which represents roughly a third of overall revenue and will largely be spun off as Kyndryl, had flattish growth.</p><p><blockquote>全球融资部门占总收入的个位数比例较低，下降了 9%。全球技术服务约占总收入的三分之一，并将大部分分拆为 Kyndryl，但增长持平。</blockquote></p><p> The positive side of the report had Cloud &amp; Cognitive Software cloud revenue up 29% and Global Business Services cloud revenue up 35%. Total cloud revenue of $27 billion increased by 15% over the last 12 months, while cloud revenue grew 13% in the quarter to $7.0 billion.</p><p><blockquote>该报告的积极方面是云和认知软件云收入增长了29%，全球商业服务云收入增长了35%。过去 12 个月，云总收入为 270 亿美元，增长了 15%，而本季度云收入增长了 13%，达到 70 亿美元。</blockquote></p><p> Net cash from operating activities hit $17.7 billion, and adjusted free cash flow totaled $11 billion over the last 12 months.</p><p><blockquote>过去 12 个月，经营活动产生的净现金达到 177 亿美元，调整后自由现金流总计 110 亿美元。</blockquote></p><p> Since year-end 2020, the company has reduced debt by $6.4 billion.</p><p><blockquote>自2020年底以来，该公司已减少债务64亿美元。</blockquote></p><p> Management guides for adjusted free cash flow of $11 billion to $12 billion in 2021.</p><p><blockquote>2021年调整后自由现金流110亿至120亿美元的管理指南。</blockquote></p><p> <b>Where IBM Stands Tall</b></p><p><blockquote><b>IBM的立足点</b></blockquote></p><p> IBM is viewed by many as at best a third rate IT company and at worst as a dinosaur, headed towards extinction.</p><p><blockquote>许多人认为IBM充其量是一家三流IT公司，最坏的情况是一只濒临灭绝的恐龙。</blockquote></p><p> It is evident that the company’s revenues have declined for years; however, to accurately assess the stock, investors must understand that IBM’s legacy businesses have many strengths.</p><p><blockquote>很明显，该公司的收入多年来一直在下降；然而，要准确评估该股，投资者必须了解 IBM 的传统业务有很多优势。</blockquote></p><p> For example, IBM is the world’s largest IT services company and the dominant provider of mainframes. Among the Fortune 50 companies, 47 are IBM clients.</p><p><blockquote>例如，IBM 是世界上最大的 IT 服务公司，也是大型机的主要供应商。在财富50强公司中，有47家是IBM的客户。</blockquote></p><p> Half of the world’s wireless connections are handled by the firm.</p><p><blockquote>世界上一半的无线连接都由该公司处理。</blockquote></p><p> IBM's mainframe systems process nearly 90% of the globe’s credit card transactions, and 97% of the world's largest banks rely on IBM products and services. Consequently, twenty-nine billion ATM transactions are processed annually using IBM systems.</p><p><blockquote>IBM 的大型机系统处理了全球近 90% 的信用卡交易，全球 97% 的最大银行依赖 IBM 的产品和服务。因此，每年使用IBM系统处理290亿笔ATM交易。</blockquote></p><p> Eight out of 10 global retailers rely on IBM products and services while 80% of the travel industry's reservations run through IBM systems. That results in 4 billion flight reservations being processed using the company’s IT services.</p><p><blockquote>十分之八的全球零售商依赖IBM的产品和服务，而旅游业80%的预订都是通过IBM系统进行的。这导致使用该公司的 IT 服务处理了 40 亿个航班预订。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7ace4f1436fd2697c5ad266b5017e1dd\" tg-width=\"960\" tg-height=\"721\" width=\"100%\" height=\"auto\"><span>Source: Forbes</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：福布斯</span></p></blockquote></p><p> It is evident that IBM has a massive customer base that provides large scale recurring revenues. In many cases, moving to competitors' offerings would mean risking the transfer of sensitive information, a move many are not willing to take.</p><p><blockquote>很明显，IBM拥有庞大的客户群，提供了大规模的经常性收入。在许多情况下，转向竞争对手的产品意味着冒着敏感信息传输的风险，这是许多人不愿意采取的举措。</blockquote></p><p> However, with the transition to cloud services and open source software, there is an increased adoption by firms of mix and match IT infrastructures. In turn, this is eroding IBM’s competitive advantage associated with customer switching costs.</p><p><blockquote>然而，随着向云服务和开源软件的过渡，企业越来越多地采用混合匹配的IT基础架构。反过来，这又侵蚀了 IBM 在客户转换成本方面的竞争优势。</blockquote></p><p> <b>The Sources Of Potential Growth</b></p><p><blockquote><b>潜在增长的来源</b></blockquote></p><p></p><p> Investors are generally aware of IBM's effort to drive growth through its hybrid cloud offerings. However, when questioned at JPMorgan’s recent investor conference, CFO Jim Kavanaugh&nbsp;provided insight&nbsp;into how hybrid cloud drives revenue in some of IBM’s other divisions.</p><p><blockquote>投资者普遍意识到 IBM 通过其混合云产品推动增长的努力。不过，在摩根大通最近举行的投资者大会上，首席财务官吉姆-卡瓦诺（Jim Kavanaugh）在接受提问时，就混合云如何推动 IBM 其他一些部门的收入提出了见解。</blockquote></p><p>   For every $1 (in business) we land on a hybrid cloud platform, we see $3 to $5 of software drag and $6 to $8 of services drag overall.  Of course, Kavanaugh is using drag to refer to increased revenue in software and services associated with adoption of IBM’s hybrid cloud. If Kavanaugh’s claims are accurate, that means every dollar spent on the company’s hybrid cloud platform translates into $9 to $13 in additional revenue from the firm’s software and services offerings.</p><p><blockquote>我们每在混合云平台上投入1美元（在业务中），就会看到3到5美元的软件拖累和6到8美元的服务拖累。当然，卡瓦诺使用的是 drag 指的是与采用 IBM 混合云相关的软件和服务收入的增加。如果卡瓦诺的说法准确，这意味着在公司混合云平台上花费的每一美元都能从公司的软件和服务产品中获得 9 到 13 美元的额外收入。</blockquote></p><p> Because hybrid cloud uses a mix of on-premises private cloud and public cloud services, it offers clients a degree of data privacy. This is of particular concern for customers in healthcare and financial services. Consequently, I would posit that IBM might have an advantage in competing with other hybrid cloud providers as it has extensive relationships within those industries.</p><p><blockquote>因为混合云混合使用内部私有云和公共云服务，所以它为客户提供了一定程度的数据隐私。医疗保健和金融服务领域的客户尤其关注这一点。因此，我认为IBM在与其他混合云提供商的竞争中可能具有优势，因为它在这些行业中拥有广泛的关系。</blockquote></p><p> I reviewed a variety of prognostications regarding projected growth rates for the hybrid cloud market. The most recent study, which also falls in the middle of other predictions, is by Mordor Intelligence. That firm&nbsp;forecasts&nbsp;a CAGR of 18.73% from 2021 through 2026.</p><p><blockquote>我回顾了关于混合云市场预计增长率的各种预测。最新的研究也属于其他预测的范围，是由魔多情报公司进行的。该公司预测 2021 年至 2026 年的复合年增长率为 18.73%。</blockquote></p><p> Investors should be aware that the major operators in this space are Cisco (CSCO), Hewlett Packard (HPE), Amazon (AMZN), Citrix Systems (CTXS), and IBM.</p><p><blockquote>投资者应该意识到，该领域的主要运营商是思科 (CSCO)、惠普 (HPE)、亚马逊 (AMZN)、思杰系统 (CTXS) 和 IBM。</blockquote></p><p> The following chart provides a record of the firm’s total cloud growth over the last six quarters.</p><p><blockquote>下图记录了该公司过去六个季度的总云增长情况。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5fc85156e70f6caf8ae809f76126a723\" tg-width=\"576\" tg-height=\"336\" width=\"100%\" height=\"auto\"><span>Source: Company reports / Chart by Author</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：公司报告/作者图表</span></p></blockquote></p><p> Aside from cloud, there is another source of potential growth, although it is unlikely to materialize soon.</p><p><blockquote>除了云，还有另一个潜在增长来源，尽管它不太可能很快实现。</blockquote></p><p> Early in 2019, IBM&nbsp;introduced&nbsp;the Q System One. IBM Q systems are the world's first quantum computer designed for scientific and commercial use.</p><p><blockquote>2019年初，IBM推出了Q System One。IBM Q systems是世界上第一台为科学和商业用途设计的量子计算机。</blockquote></p><p> Pardon the pun, but quantum computers represent a quantum leap in technology. Prescient And Strategic Intelligence&nbsp;forecasts&nbsp;a CAGR of 56% for the industry through 2030 with the quantum computer market share reaching nearly $65 billion.</p><p><blockquote>请原谅这个双关语，但量子计算机代表了技术的巨大飞跃。Prescient And Strategic Intelligence预测，到2030年，该行业的CAGR将达到56%，量子计算机市场份额将达到近650亿美元。</blockquote></p><p> For additional insights regarding quantum computing and IBM’s position within that industry, I point you to&nbsp;my article, “IBM: Why My Eye Is Fixed On Big Blue.”</p><p><blockquote>有关量子计算和 IBM 在该行业中的地位的更多见解，我向您推荐我的文章《IBM：为什么我的眼睛盯着蓝色巨人》。</blockquote></p><p> <b>Understanding Kyndryl</b></p><p><blockquote><b>了解Kyndryl</b></blockquote></p><p> Once&nbsp;Kyndryl&nbsp;is launched, it will have more than 90,000 employees and more than 4,600 customers in 115 countries. With a $60 billion services backlog, the new entity will begin with projected revenues of $19 billion. At twice the size of its closest competitor, the company will be the world’s largest managed infrastructure services provider.</p><p><blockquote>Kyndryl一旦推出，将在115个国家拥有9万多名员工和4600多名客户。随着600亿美元的服务积压，新实体的预计收入将达到190亿美元。该公司的规模是其最接近的竞争对手的两倍，将成为全球最大的托管基础设施服务提供商。</blockquote></p><p> The split will&nbsp;transform&nbsp;IBM from a company that pulls half of its revenue from services to a firm with its software and solutions businesses generating over half of its revenue on a recurring basis.</p><p><blockquote>此次拆分将使 IBM 从一家一半收入来自服务的公司转变为一家软件和解决方案业务一半以上收入的公司。</blockquote></p><p> Global Business Services, which currently constitutes 22% of the company’s revenue, will&nbsp;account&nbsp;for over 40% of sales. Here it is important to note that the division grew revenue by 12% year over year in the last quarter.</p><p><blockquote>全球商业服务目前占该公司收入的 22%，将占销售额的 40% 以上。值得注意的是，该部门上一季度的收入同比增长了 12%。</blockquote></p><p> IBM will retain Red Hat and its solution provider business, the systems businesses, and its mission-critical public cloud service, and a software portfolio focused on big data, AI, and security.</p><p><blockquote>IBM 将保留 Red Hat 及其解决方案提供商业务、系统业务、关键任务公共云服务，以及专注于大数据、人工智能和安全的软件产品组合。</blockquote></p><p> Initially, the two companies will each be the largest customer of the other.</p><p><blockquote>最初，两家公司将各自成为对方最大的客户。</blockquote></p><p> What remains to be known regarding the spinoff is how much debt each company will shoulder, and the share of the dividend that the companies will pay. Krishna stated the two companies will work together to sustain the current payout level.</p><p><blockquote>关于分拆，仍有待了解的是每家公司将承担多少债务，以及公司将支付的股息份额。克里希纳表示，两家公司将共同努力维持目前的支付水平。</blockquote></p><p> <b>Has IBM Turned The Corner?</b></p><p><blockquote><b>IBM已经转危为安了吗？</b></blockquote></p><p> Anyone who follows IBM knows the company has experienced an extended period of poor results. The following chart provides a record of the firm’s quarterly FCF over the last fourteen quarters.</p><p><blockquote>任何关注IBM的人都知道，该公司经历了长期的糟糕业绩。下图记录了该公司过去十四个季度的季度自由现金流。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/60cc8b82052f97dd449205999ee30711\" tg-width=\"577\" tg-height=\"337\" width=\"100%\" height=\"auto\"><span>Source: Data from ycharts / chart by author</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：ycharts 数据 / 作者提供的图表</span></p></blockquote></p><p> While this is not proof positive that the company is back on track, the recent trend is at least encouraging.</p><p><blockquote>虽然这并不能证明该公司重回正轨，但最近的趋势至少令人鼓舞。</blockquote></p><p> In 2020, IBM generated $10.8 billion in free cash flow. Management guides for adjusted free cash flow of $11 billion to $12 billion in 2021. This excludes $3 billion in structural impacts related to the Kyndryl spinoff.</p><p><blockquote>2020年，IBM产生了108亿美元的自由现金流。2021年调整后自由现金流110亿至120亿美元的管理指南。这不包括与 Kyndryl 分拆相关的 30 亿美元结构性影响。</blockquote></p><p> The CEO&nbsp;recently stated&nbsp;he expects IBM to generate $12 billion to $13 billion in FCF in 2022.</p><p><blockquote>这位首席执行官最近表示，他预计 IBM 到 2022 年将产生 120 亿至 130 亿美元的自由现金流。</blockquote></p><p> <b>Debt And Dividend</b></p><p><blockquote><b>债务和股息</b></blockquote></p><p></p><p> While investors can rightfully complain of a variety of management moves over the years, the firm has maintained a reasonable debt profile while engaging in a number of acquisitions.</p><p><blockquote>虽然投资者可以理所当然地抱怨多年来的各种管理层变动，但该公司在进行多项收购的同时保持了合理的债务状况。</blockquote></p><p> The company has reduced the debt by roughly $18 billion since its peak in mid-2019. IBM maintains an investment level credit rating, and the following chart provides a record of the company’s progress paying down debt of late.</p><p><blockquote>自 2019 年中期达到峰值以来，该公司已将债务减少了约 180 亿美元。IBM 维持投资级信用评级，下图记录了该公司近期偿还债务的进展情况。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b73e613157c486a5f5e8306546121971\" tg-width=\"1280\" tg-height=\"720\" width=\"100%\" height=\"auto\"><span>Source: IBM Presentation</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：IBM演示文稿</span></p></blockquote></p><p> IBM has a yield of 4.64%, a payout ratio a bit below 61%, and a 5 year dividend growth rate of 4.26%. As previously noted, following the spinoff of Kyndryl, the two companies will team to provide a payout equivalent to the current dividend.</p><p><blockquote>IBM的收益率为4.64%，派息率略低于61%，5年股息增长率为4.26%。如前所述，Kyndryl 分拆后，两家公司将合作提供相当于当前股息的派息。</blockquote></p><p> <b>Is IBM Stock Overvalued?</b></p><p><blockquote><b>IBM 股票被高估了吗？</b></blockquote></p><p> IBM shares trade for $141.13. The average 12 month price target of 8 analysts is $153.50. The price target of the 3 analysts rating the stock since the last earnings report is $151.33.</p><p><blockquote>IBM 股价交易价格为 141.13 美元。8 位分析师的 12 个月平均目标价为 153.50 美元。自上次收益报告以来，3 位分析师对该股的目标价为 151.33 美元。</blockquote></p><p> IBM has a P/E of 24.05x and a forward P/E of 17.67x. This compares to its five year averages of 16.42x and 13.25x respectively. It is well below the sector average which is in the low thirties for both metrics.</p><p><blockquote>IBM的市盈率为24.05倍，远期市盈率为17.67倍。相比之下，其五年平均水平分别为 16.42 倍和 13.25 倍。这两个指标都远低于行业平均水平，行业平均水平都在三十分左右。</blockquote></p><p> The 3 to 5 year PEG provided by Seeking Alpha Premium is 1.16x. Schwab calculates a PEG of 1.49x, and Yahoo does not provide a PEG ratio.</p><p><blockquote>Seeking Alpha Premium 提供的 3 至 5 年期 PEG 为 1.16 倍。嘉信理财计算的PEG为1.49倍，雅虎没有提供PEG比率。</blockquote></p><p> I believe the current P/E ratios for the stock reflect investors anticipating increased growth for IBM once the spinoff is complete. The PEG ratios show the stock is reasonably valued.</p><p><blockquote>我相信该股目前的市盈率反映了投资者对分拆完成后 IBM 增长的预期。挂钩比率显示该股票估值合理。</blockquote></p><p> <b>Is IBM Stock A Good Long-Term Investment?</b></p><p><blockquote><b>IBM 股票是一项好的长期投资吗？</b></blockquote></p><p> IBM has an entrenched but evolving position among many of the largest companies on the globe. Unfortunately, the cloud, which is seen as the company’s primary avenue for growth, could also lead to a slow deterioration in some of the firm’s legacy businesses.</p><p><blockquote>IBM在全球许多最大的公司中拥有根深蒂固但不断发展的地位。不幸的是，被视为公司主要增长途径的云计算也可能导致公司一些传统业务的缓慢恶化。</blockquote></p><p> That the cloud business has been growing at a rapid pace is manifest: IBM can now boast of over 3,200 clients using the firm’s hybrid cloud platform. That is nearly four times the number just prior to the Red Hat acquisition.</p><p><blockquote>云业务的快速增长是显而易见的： IBM 现在拥有 3200 多家客户使用公司的混合云平台。这几乎是红帽收购前数字的四倍。</blockquote></p><p> If management’s claims are accurate, the hybrid cloud platform will create robust growth in the software and services division’s revenues. When combined with the spinoff of Kyndryl’s slow growing managed infrastructure services business, it is reasonable to believe IBM will witness increased growth.</p><p><blockquote>如果管理层的说法准确，混合云平台将为软件和服务部门的收入带来强劲增长。再加上 Kyndryl 发展缓慢的托管基础设施服务业务的分拆，我们有理由相信 IBM 将实现更快的增长。</blockquote></p><p> IBM has a solid balance sheet, a robust yield, and when viewed using PEG ratios as a basis for valuing the stock, the shares are trading at a bit of a discount.</p><p><blockquote>IBM 拥有稳健的资产负债表、强劲的收益率，当使用 PEG 比率作为股票估值的基础时，股票交易价格略有折扣。</blockquote></p><p> All considered, I rate IBM as a BUY.</p><p><blockquote>综合考虑，我将 IBM 评级为买入。</blockquote></p><p> I think the worst case short to mid-term scenario is that the company experiences slow growth while investors collect a rather robust dividend.</p><p><blockquote>我认为中短期内最糟糕的情况是公司增长缓慢，而投资者却获得了相当丰厚的股息。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4440996-is-ibm-stock-undervalued-overvalued\">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":{"IBM":"IBM"},"source_url":"https://seekingalpha.com/article/4440996-is-ibm-stock-undervalued-overvalued","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1176552691","content_text":"Summary\n\nIBM beat analysts’ second-quarter earnings as cloud revenue and operating margins improved.\nPrior to Q1, IBM posted declining revenue for four consecutive quarters, and 30 of the last 34 quarters.\nMore transparency is needed regarding the Kyndryl spinoff.\n\nEthan Miller/Getty Images News\nInternational Business Machines Corporation (IBM) is a company in transition. Unfortunately for investors, the transition has been in place for the better part of a decade. Those turnaround efforts include investments in cloud computing and artificial intelligence and the divestiture of legacy businesses. While there are now signs of green shoots, it is yet to be seen as to whether the seeds sown have fallen on rocky ground.\nAlthough the company has a rapidly growing business in hybrid cloud offerings, and a potential growth engine in quantum computing, it faces intense competition in the former industry and uncertain prospects in the latter. Most of the firm’s other businesses are in the doldrums, so IBM’s growth prospects are opaque.\nWhat is certain is that as of today, IBM has a reasonable and diminishing debt load and strong free cash flow.\nManagement is attempting to address growth concerns in part by focusing on the firm’s cloud offerings, while it spins off its managed infrastructure business. That company will be named Kyndryl. However, the debt which the new entity will shoulder, along with the portion of the current dividend that it will carry, has not been divulged.\nRecent Quarterly Results\nIBM reported Q2 results last Monday. With non-GAAP EPS of $2.33, the company beat estimates by $0.04.\nRevenue of $18.7 billion was flat when adjusted for currency and divestitures.\nThe negative side of the report had Systems revenue declining by 7%. However, this was largely due to the normal IBM Z mainframe cycle, down 13% year over year.\nThe global financing division, which represents a low single digit percentage of overall revenues, was down 9%. Global technology services, which represents roughly a third of overall revenue and will largely be spun off as Kyndryl, had flattish growth.\nThe positive side of the report had Cloud & Cognitive Software cloud revenue up 29% and Global Business Services cloud revenue up 35%. Total cloud revenue of $27 billion increased by 15% over the last 12 months, while cloud revenue grew 13% in the quarter to $7.0 billion.\nNet cash from operating activities hit $17.7 billion, and adjusted free cash flow totaled $11 billion over the last 12 months.\nSince year-end 2020, the company has reduced debt by $6.4 billion.\nManagement guides for adjusted free cash flow of $11 billion to $12 billion in 2021.\nWhere IBM Stands Tall\nIBM is viewed by many as at best a third rate IT company and at worst as a dinosaur, headed towards extinction.\nIt is evident that the company’s revenues have declined for years; however, to accurately assess the stock, investors must understand that IBM’s legacy businesses have many strengths.\nFor example, IBM is the world’s largest IT services company and the dominant provider of mainframes. Among the Fortune 50 companies, 47 are IBM clients.\nHalf of the world’s wireless connections are handled by the firm.\nIBM's mainframe systems process nearly 90% of the globe’s credit card transactions, and 97% of the world's largest banks rely on IBM products and services. Consequently, twenty-nine billion ATM transactions are processed annually using IBM systems.\nEight out of 10 global retailers rely on IBM products and services while 80% of the travel industry's reservations run through IBM systems. That results in 4 billion flight reservations being processed using the company’s IT services.\nSource: Forbes\nIt is evident that IBM has a massive customer base that provides large scale recurring revenues. In many cases, moving to competitors' offerings would mean risking the transfer of sensitive information, a move many are not willing to take.\nHowever, with the transition to cloud services and open source software, there is an increased adoption by firms of mix and match IT infrastructures. In turn, this is eroding IBM’s competitive advantage associated with customer switching costs.\nThe Sources Of Potential Growth\nInvestors are generally aware of IBM's effort to drive growth through its hybrid cloud offerings. However, when questioned at JPMorgan’s recent investor conference, CFO Jim Kavanaugh provided insight into how hybrid cloud drives revenue in some of IBM’s other divisions.\n\n For every $1 (in business) we land on a hybrid cloud platform, we see $3 to $5 of software drag and $6 to $8 of services drag overall.\n\nOf course, Kavanaugh is using drag to refer to increased revenue in software and services associated with adoption of IBM’s hybrid cloud. If Kavanaugh’s claims are accurate, that means every dollar spent on the company’s hybrid cloud platform translates into $9 to $13 in additional revenue from the firm’s software and services offerings.\nBecause hybrid cloud uses a mix of on-premises private cloud and public cloud services, it offers clients a degree of data privacy. This is of particular concern for customers in healthcare and financial services. Consequently, I would posit that IBM might have an advantage in competing with other hybrid cloud providers as it has extensive relationships within those industries.\nI reviewed a variety of prognostications regarding projected growth rates for the hybrid cloud market. The most recent study, which also falls in the middle of other predictions, is by Mordor Intelligence. That firm forecasts a CAGR of 18.73% from 2021 through 2026.\nInvestors should be aware that the major operators in this space are Cisco (CSCO), Hewlett Packard (HPE), Amazon (AMZN), Citrix Systems (CTXS), and IBM.\nThe following chart provides a record of the firm’s total cloud growth over the last six quarters.\nSource: Company reports / Chart by Author\nAside from cloud, there is another source of potential growth, although it is unlikely to materialize soon.\nEarly in 2019, IBM introduced the Q System One. IBM Q systems are the world's first quantum computer designed for scientific and commercial use.\nPardon the pun, but quantum computers represent a quantum leap in technology. Prescient And Strategic Intelligence forecasts a CAGR of 56% for the industry through 2030 with the quantum computer market share reaching nearly $65 billion.\nFor additional insights regarding quantum computing and IBM’s position within that industry, I point you to my article, “IBM: Why My Eye Is Fixed On Big Blue.”\nUnderstanding Kyndryl\nOnce Kyndryl is launched, it will have more than 90,000 employees and more than 4,600 customers in 115 countries. With a $60 billion services backlog, the new entity will begin with projected revenues of $19 billion. At twice the size of its closest competitor, the company will be the world’s largest managed infrastructure services provider.\nThe split will transform IBM from a company that pulls half of its revenue from services to a firm with its software and solutions businesses generating over half of its revenue on a recurring basis.\nGlobal Business Services, which currently constitutes 22% of the company’s revenue, will account for over 40% of sales. Here it is important to note that the division grew revenue by 12% year over year in the last quarter.\nIBM will retain Red Hat and its solution provider business, the systems businesses, and its mission-critical public cloud service, and a software portfolio focused on big data, AI, and security.\nInitially, the two companies will each be the largest customer of the other.\nWhat remains to be known regarding the spinoff is how much debt each company will shoulder, and the share of the dividend that the companies will pay. Krishna stated the two companies will work together to sustain the current payout level.\nHas IBM Turned The Corner?\nAnyone who follows IBM knows the company has experienced an extended period of poor results. The following chart provides a record of the firm’s quarterly FCF over the last fourteen quarters.\nSource: Data from ycharts / chart by author\nWhile this is not proof positive that the company is back on track, the recent trend is at least encouraging.\nIn 2020, IBM generated $10.8 billion in free cash flow. Management guides for adjusted free cash flow of $11 billion to $12 billion in 2021. This excludes $3 billion in structural impacts related to the Kyndryl spinoff.\nThe CEO recently stated he expects IBM to generate $12 billion to $13 billion in FCF in 2022.\nDebt And Dividend\nWhile investors can rightfully complain of a variety of management moves over the years, the firm has maintained a reasonable debt profile while engaging in a number of acquisitions.\nThe company has reduced the debt by roughly $18 billion since its peak in mid-2019. IBM maintains an investment level credit rating, and the following chart provides a record of the company’s progress paying down debt of late.\nSource: IBM Presentation\nIBM has a yield of 4.64%, a payout ratio a bit below 61%, and a 5 year dividend growth rate of 4.26%. As previously noted, following the spinoff of Kyndryl, the two companies will team to provide a payout equivalent to the current dividend.\nIs IBM Stock Overvalued?\nIBM shares trade for $141.13. The average 12 month price target of 8 analysts is $153.50. The price target of the 3 analysts rating the stock since the last earnings report is $151.33.\nIBM has a P/E of 24.05x and a forward P/E of 17.67x. This compares to its five year averages of 16.42x and 13.25x respectively. It is well below the sector average which is in the low thirties for both metrics.\nThe 3 to 5 year PEG provided by Seeking Alpha Premium is 1.16x. Schwab calculates a PEG of 1.49x, and Yahoo does not provide a PEG ratio.\nI believe the current P/E ratios for the stock reflect investors anticipating increased growth for IBM once the spinoff is complete. The PEG ratios show the stock is reasonably valued.\nIs IBM Stock A Good Long-Term Investment?\nIBM has an entrenched but evolving position among many of the largest companies on the globe. Unfortunately, the cloud, which is seen as the company’s primary avenue for growth, could also lead to a slow deterioration in some of the firm’s legacy businesses.\nThat the cloud business has been growing at a rapid pace is manifest: IBM can now boast of over 3,200 clients using the firm’s hybrid cloud platform. That is nearly four times the number just prior to the Red Hat acquisition.\nIf management’s claims are accurate, the hybrid cloud platform will create robust growth in the software and services division’s revenues. When combined with the spinoff of Kyndryl’s slow growing managed infrastructure services business, it is reasonable to believe IBM will witness increased growth.\nIBM has a solid balance sheet, a robust yield, and when viewed using PEG ratios as a basis for valuing the stock, the shares are trading at a bit of a discount.\nAll considered, I rate IBM as a BUY.\nI think the worst case short to mid-term scenario is that the company experiences slow growth while investors collect a rather robust dividend.","news_type":1,"symbols_score_info":{"IBM":0.9}},"isVote":1,"tweetType":1,"viewCount":403,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":154356949,"gmtCreate":1625483663081,"gmtModify":1633940310900,"author":{"id":"3581814406562580","authorId":"3581814406562580","name":"bhahab","avatar":"https://static.tigerbbs.com/da94be6bbb6d4ccc736167ee40fdfe71","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581814406562580","authorIdStr":"3581814406562580"},"themes":[],"title":"","htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/154356949","repostId":"1109703914","repostType":4,"repost":{"id":"1109703914","kind":"news","pubTimestamp":1625464355,"share":"https://www.laohunote.com/m/news/1109703914?lang=zh_CN&edition=full","pubTime":"2021-07-05 13:52","market":"us","language":"en","title":"Is the Stock Market Open or Closed on Independence Day?<blockquote>独立日股市是开市还是休市？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1109703914","media":"Thestreet","summary":"Independence Day in the U.S. is for many a picnic-and-beach day. But July 4 this year falls on a Sunday, which in the United States isn't a trading day.So will the major markets open or close for the holiday?The New York Stock Exchange and the Nasdaq will, in fact, be closed on Monday, July 5, to celebrate Independence Day.It's one of nine full-closing daysfor the stock market this year.For instance, the stock market will close for Thanksgiving on Thursday, Nov. 25. On Friday, Nov. 26, trading i","content":"<p>Independence Day in the U.S. is for many a picnic-and-beach day. But July 4 this year falls on a Sunday, which in the United States isn't a trading day.</p><p><blockquote>对许多人来说，美国的独立日是野餐和海滩日。但今年的7月4日是星期天，在美国不是交易日。</blockquote></p><p> So will the major markets open or close for the holiday?</p><p><blockquote>那么主要市场在假期会开放还是关闭呢？</blockquote></p><p> The New York Stock Exchange and the Nasdaq will, in fact, be closed on Monday, July 5, to celebrate Independence Day.</p><p><blockquote>事实上，纽约证券交易所和纳斯达克将于7月5日星期一休市，以庆祝独立日。</blockquote></p><p> It's&nbsp;one of nine full-closing daysfor the stock market this year.</p><p><blockquote>这是今年股市九个完整收盘日之一。</blockquote></p><p> For instance, the stock market will close for Thanksgiving on Thursday, Nov. 25. On Friday, Nov. 26, trading is scheduled for a bit more than a half-day, 9:30 a.m. to 1 p.m. ET.</p><p><blockquote>例如，股市将于11月25日星期四感恩节休市。11 月 26 日星期五，交易时间为美国东部时间上午 9:30 至下午 1 点，为期半天多一点。</blockquote></p><p> Normal stock-trading hours run 9:30 a.m. to 4 p.m. ET.</p><p><blockquote>正常股票交易时间为美国东部时间上午 9:30 至下午 4 点。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Is the Stock Market Open or Closed on Independence Day?<blockquote>独立日股市是开市还是休市？</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIs the Stock Market Open or Closed on Independence Day?<blockquote>独立日股市是开市还是休市？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Thestreet</strong><span class=\"h-time small\">2021-07-05 13:52</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Independence Day in the U.S. is for many a picnic-and-beach day. But July 4 this year falls on a Sunday, which in the United States isn't a trading day.</p><p><blockquote>对许多人来说，美国的独立日是野餐和海滩日。但今年的7月4日是星期天，在美国不是交易日。</blockquote></p><p> So will the major markets open or close for the holiday?</p><p><blockquote>那么主要市场在假期会开放还是关闭呢？</blockquote></p><p> The New York Stock Exchange and the Nasdaq will, in fact, be closed on Monday, July 5, to celebrate Independence Day.</p><p><blockquote>事实上，纽约证券交易所和纳斯达克将于7月5日星期一休市，以庆祝独立日。</blockquote></p><p> It's&nbsp;one of nine full-closing daysfor the stock market this year.</p><p><blockquote>这是今年股市九个完整收盘日之一。</blockquote></p><p> For instance, the stock market will close for Thanksgiving on Thursday, Nov. 25. On Friday, Nov. 26, trading is scheduled for a bit more than a half-day, 9:30 a.m. to 1 p.m. ET.</p><p><blockquote>例如，股市将于11月25日星期四感恩节休市。11 月 26 日星期五，交易时间为美国东部时间上午 9:30 至下午 1 点，为期半天多一点。</blockquote></p><p> Normal stock-trading hours run 9:30 a.m. to 4 p.m. ET.</p><p><blockquote>正常股票交易时间为美国东部时间上午 9:30 至下午 4 点。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.thestreet.com/investing/independence-day-stock-markets-trading-hours\">Thestreet</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.thestreet.com/investing/independence-day-stock-markets-trading-hours","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1109703914","content_text":"Independence Day in the U.S. is for many a picnic-and-beach day. But July 4 this year falls on a Sunday, which in the United States isn't a trading day.\nSo will the major markets open or close for the holiday?\nThe New York Stock Exchange and the Nasdaq will, in fact, be closed on Monday, July 5, to celebrate Independence Day.\nIt's one of nine full-closing daysfor the stock market this year.\nFor instance, the stock market will close for Thanksgiving on Thursday, Nov. 25. On Friday, Nov. 26, trading is scheduled for a bit more than a half-day, 9:30 a.m. to 1 p.m. ET.\nNormal stock-trading hours run 9:30 a.m. to 4 p.m. ET.","news_type":1,"symbols_score_info":{".IXIC":0.9,".DJI":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":615,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":135795377,"gmtCreate":1622182317199,"gmtModify":1634183053104,"author":{"id":"3581814406562580","authorId":"3581814406562580","name":"bhahab","avatar":"https://static.tigerbbs.com/da94be6bbb6d4ccc736167ee40fdfe71","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581814406562580","authorIdStr":"3581814406562580"},"themes":[],"title":"","htmlText":"Like n cmt","listText":"Like n cmt","text":"Like n cmt","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/135795377","repostId":"1148985369","repostType":4,"isVote":1,"tweetType":1,"viewCount":684,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":699514240,"gmtCreate":1639838219915,"gmtModify":1639838220828,"author":{"id":"3581814406562580","authorId":"3581814406562580","name":"bhahab","avatar":"https://static.tigerbbs.com/da94be6bbb6d4ccc736167ee40fdfe71","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581814406562580","authorIdStr":"3581814406562580"},"themes":[],"title":"","htmlText":"G","listText":"G","text":"G","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/699514240","repostId":"1116106959","repostType":4,"repost":{"id":"1116106959","kind":"news","pubTimestamp":1639785552,"share":"https://www.laohunote.com/m/news/1116106959?lang=zh_CN&edition=full","pubTime":"2021-12-18 07:59","market":"us","language":"en","title":"Wall Street ends down after mostly negative week<blockquote>华尔街在经历了大部分负面的一周后收盘下跌</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1116106959","media":"Reuters","summary":" - Wall Street finished lower on Friday, weighed down by Big Tech as investors worried about the Omicron coronavirus variant and digested the Federal Reserve's decision to end its pandemic-era stimulus faster.All three main U.S. stock indexes ended with a decline for the week after the Fed on Wednesday signaled three quarter-percentage-point interest rate hikes by the end of 2022 to combat surging inflation.Nvidia dropped 2.1% and Alphabet lost 1.9%, both weighing on the S&P 500 and Nasdaq.The S","content":"<p>(Reuters) - Wall Street finished lower on Friday, weighed down by Big Tech as investors worried about the Omicron coronavirus variant and digested the Federal Reserve's decision to end its pandemic-era stimulus faster.</p><p><blockquote>（路透社） - 华尔街周五收低，受到大型科技公司的拖累，投资者担心奥密克戎冠状病毒变种，并消化了美联储更快结束大流行时代刺激措施的决定。</blockquote></p><p> All three main U.S. stock indexes ended with a decline for the week after the Fed on Wednesday signaled three quarter-percentage-point interest rate hikes by the end of 2022 to combat surging inflation.</p><p><blockquote>在美联储周三暗示到 2022 年底加息三个四分之一个百分点以应对通胀飙升后，美国三大股指本周全部下跌。</blockquote></p><p> Nvidia dropped 2.1% and Alphabet lost 1.9%, both weighing on the S&amp;P 500 and Nasdaq.</p><p><blockquote>英伟达下跌 2.1%，Alphabet下跌 1.9%，均令标普500和纳斯达克承压。</blockquote></p><p> The S&amp;P 500 growth index lost 0.7% and the value index declined 1.4%.</p><p><blockquote>标普500增长指数下跌0.7%，价值指数下跌1.4%。</blockquote></p><p> All of the 11 major S&amp;P 500 sector indexes fell, with financials leading the way down with a 2.3% drop. Energy lost 2.2%.</p><p><blockquote>标普500 11个主要板块指数全部下跌，其中金融股领跌2.3%。能源损失2.2%。</blockquote></p><p> Adding to uncertainty, Pfizer said on Friday the pandemic could extend through next year. European countries geared up for further travel and social restrictions and a study warned that the rapidly spreading Omicron coronavirus variant was five times more likely to reinfect people than its predecessor, Delta.</p><p><blockquote>辉瑞公司周五表示，疫情可能会持续到明年，这增加了不确定性。欧洲国家为进一步的旅行和社会限制做好了准备，一项研究警告说，快速传播的奥密克戎冠状病毒变种再次感染人们的可能性是其前身德尔塔的五倍。</blockquote></p><p> Traders also pointed to year-end tax selling and the simultaneous expiration of stock options, stock index futures and index options contracts - known as triple witching - as potential causes for volatility.</p><p><blockquote>交易员还指出，年终税收抛售以及股票期权、股指期货和指数期权合约同时到期（被称为三重巫术）是波动的潜在原因。</blockquote></p><p> \"It's a big options expiration day,\" said Joe Saluzzi, co-manager of trading at Themis Trading in Chatham, New Jersey. \"And now you draw on top of that some Omicron, and you've got volatility, and I think it creates a lot of uncertainty amongst investors. Where are you going to position for the end of the year?\"</p><p><blockquote>“这是一个重要的期权到期日，”新泽西州查塔姆 Themis Trading 的交易联席经理 Joe Saluzzi 表示。“现在你再加上一些奥密克戎，你就会出现波动，我认为这会给投资者带来很多不确定性。你打算在年底前把仓位放在哪里？”</blockquote></p><p> Heavyweight growth stocks including Nvidia and Microsoft have outperformed the broader market in 2021, while the Philadelphia SE Semiconductor index has surged about 35%. The benchmark S&amp;P 500 index gained around 23% in the same period.</p><p><blockquote>2021年，英伟达和微软等权重成长股的表现优于大盘，而费城东南半导体指数则飙升约35%。同期，基准标普500指数上涨约 23%。</blockquote></p><p> In Friday's session, the Dow Jones Industrial Average fell 1.48% to end at 35,365.44 points, while the S&amp;P 500 lost 1.03% to 4,620.64.</p><p><blockquote>在周五的交易中，道琼斯工业平均指数下跌1.48%，收于35,365.44点，而标普500指数下跌1.03%，至4,620.64点。</blockquote></p><p> The Nasdaq Composite dropped 0.07% to 15,169.68.</p><p><blockquote>纳斯达克综合指数下跌 0.07%，至 15,169.68 点。</blockquote></p><p> On a positive note, the small-cap Russell 2000 index rallied 1% after having fallen more than 10% from a record high in early November.</p><p><blockquote>从积极的方面来看，小盘股罗素 2000 指数在从 11 月初的历史高点下跌超过 10% 后反弹 1%。</blockquote></p><p> With options expiring, volume on U.S. exchanges jumped to 16.6 billion shares, far above the 11.9 billion average over the last 20 trading days.</p><p><blockquote>随着期权到期，美国交易所的成交量跃升至 166 亿股，远高于过去 20 个交易日 119 亿股的平均水平。</blockquote></p><p> For the week, the S&amp;P 500 fell 1.9%, the Dow lost 1.7% and the Nasdaq declined 2.9%.</p><p><blockquote>本周，标普500指数下跌1.9%，道琼斯指数下跌1.7%，纳斯达克指数下跌2.9%。</blockquote></p><p> In Friday's session, Oracle tumbled 6.4% after the Wall Street Journal reported the enterprise software maker is in talks to buy electronic medical records company Cerner in a deal that could be valued at $30 billion. Shares of Cerner surged 12.9%.</p><p><blockquote>在周五的交易中，甲骨文暴跌 6.4%，此前《华尔街日报》报道了这家企业软件制造商正在洽谈收购电子病历公司 Cerner，交易价值可能为 300 亿美元。Cerner 股价飙升 12.9%。</blockquote></p><p> FedEx Corp rose almost 5% after the delivery firm reinstated its original fiscal 2022 forecast on Thursday, even as persistent labor woes chipped away profits.</p><p><blockquote>联邦快递公司 (FedEx Corp) 周四恢复了最初的 2022 财年预测，尽管持续的劳动力困境削弱了利润，但该公司股价上涨近 5%。</blockquote></p><p> Declining issues outnumbered advancing ones on the NYSE by a 1.50-to-1 ratio; on Nasdaq, a 1.16-to-1 ratio favored advancers.</p><p><blockquote>纽约证券交易所下跌发行量与上涨发行量的比例为 1.50 比 1；在纳斯达克，1.16比1的比率有利于进步人士。</blockquote></p><p> The S&amp;P 500 posted 22 new 52-week highs and seven new lows; the Nasdaq Composite recorded 28 new highs and 341 new lows.</p><p><blockquote>标普500创下 22 个 52 周新高和 7 个新低；纳斯达克综合指数创下28个新高和341个新低。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wall Street ends down after mostly negative week<blockquote>华尔街在经历了大部分负面的一周后收盘下跌</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWall Street ends down after mostly negative week<blockquote>华尔街在经历了大部分负面的一周后收盘下跌</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Reuters</strong><span class=\"h-time small\">2021-12-18 07:59</span>\n</p>\n</h4>\n</header>\n<article>\n<p>(Reuters) - Wall Street finished lower on Friday, weighed down by Big Tech as investors worried about the Omicron coronavirus variant and digested the Federal Reserve's decision to end its pandemic-era stimulus faster.</p><p><blockquote>（路透社） - 华尔街周五收低，受到大型科技公司的拖累，投资者担心奥密克戎冠状病毒变种，并消化了美联储更快结束大流行时代刺激措施的决定。</blockquote></p><p> All three main U.S. stock indexes ended with a decline for the week after the Fed on Wednesday signaled three quarter-percentage-point interest rate hikes by the end of 2022 to combat surging inflation.</p><p><blockquote>在美联储周三暗示到 2022 年底加息三个四分之一个百分点以应对通胀飙升后，美国三大股指本周全部下跌。</blockquote></p><p> Nvidia dropped 2.1% and Alphabet lost 1.9%, both weighing on the S&amp;P 500 and Nasdaq.</p><p><blockquote>英伟达下跌 2.1%，Alphabet下跌 1.9%，均令标普500和纳斯达克承压。</blockquote></p><p> The S&amp;P 500 growth index lost 0.7% and the value index declined 1.4%.</p><p><blockquote>标普500增长指数下跌0.7%，价值指数下跌1.4%。</blockquote></p><p> All of the 11 major S&amp;P 500 sector indexes fell, with financials leading the way down with a 2.3% drop. Energy lost 2.2%.</p><p><blockquote>标普500 11个主要板块指数全部下跌，其中金融股领跌2.3%。能源损失2.2%。</blockquote></p><p> Adding to uncertainty, Pfizer said on Friday the pandemic could extend through next year. European countries geared up for further travel and social restrictions and a study warned that the rapidly spreading Omicron coronavirus variant was five times more likely to reinfect people than its predecessor, Delta.</p><p><blockquote>辉瑞公司周五表示，疫情可能会持续到明年，这增加了不确定性。欧洲国家为进一步的旅行和社会限制做好了准备，一项研究警告说，快速传播的奥密克戎冠状病毒变种再次感染人们的可能性是其前身德尔塔的五倍。</blockquote></p><p> Traders also pointed to year-end tax selling and the simultaneous expiration of stock options, stock index futures and index options contracts - known as triple witching - as potential causes for volatility.</p><p><blockquote>交易员还指出，年终税收抛售以及股票期权、股指期货和指数期权合约同时到期（被称为三重巫术）是波动的潜在原因。</blockquote></p><p> \"It's a big options expiration day,\" said Joe Saluzzi, co-manager of trading at Themis Trading in Chatham, New Jersey. \"And now you draw on top of that some Omicron, and you've got volatility, and I think it creates a lot of uncertainty amongst investors. Where are you going to position for the end of the year?\"</p><p><blockquote>“这是一个重要的期权到期日，”新泽西州查塔姆 Themis Trading 的交易联席经理 Joe Saluzzi 表示。“现在你再加上一些奥密克戎，你就会出现波动，我认为这会给投资者带来很多不确定性。你打算在年底前把仓位放在哪里？”</blockquote></p><p> Heavyweight growth stocks including Nvidia and Microsoft have outperformed the broader market in 2021, while the Philadelphia SE Semiconductor index has surged about 35%. The benchmark S&amp;P 500 index gained around 23% in the same period.</p><p><blockquote>2021年，英伟达和微软等权重成长股的表现优于大盘，而费城东南半导体指数则飙升约35%。同期，基准标普500指数上涨约 23%。</blockquote></p><p> In Friday's session, the Dow Jones Industrial Average fell 1.48% to end at 35,365.44 points, while the S&amp;P 500 lost 1.03% to 4,620.64.</p><p><blockquote>在周五的交易中，道琼斯工业平均指数下跌1.48%，收于35,365.44点，而标普500指数下跌1.03%，至4,620.64点。</blockquote></p><p> The Nasdaq Composite dropped 0.07% to 15,169.68.</p><p><blockquote>纳斯达克综合指数下跌 0.07%，至 15,169.68 点。</blockquote></p><p> On a positive note, the small-cap Russell 2000 index rallied 1% after having fallen more than 10% from a record high in early November.</p><p><blockquote>从积极的方面来看，小盘股罗素 2000 指数在从 11 月初的历史高点下跌超过 10% 后反弹 1%。</blockquote></p><p> With options expiring, volume on U.S. exchanges jumped to 16.6 billion shares, far above the 11.9 billion average over the last 20 trading days.</p><p><blockquote>随着期权到期，美国交易所的成交量跃升至 166 亿股，远高于过去 20 个交易日 119 亿股的平均水平。</blockquote></p><p> For the week, the S&amp;P 500 fell 1.9%, the Dow lost 1.7% and the Nasdaq declined 2.9%.</p><p><blockquote>本周，标普500指数下跌1.9%，道琼斯指数下跌1.7%，纳斯达克指数下跌2.9%。</blockquote></p><p> In Friday's session, Oracle tumbled 6.4% after the Wall Street Journal reported the enterprise software maker is in talks to buy electronic medical records company Cerner in a deal that could be valued at $30 billion. Shares of Cerner surged 12.9%.</p><p><blockquote>在周五的交易中，甲骨文暴跌 6.4%，此前《华尔街日报》报道了这家企业软件制造商正在洽谈收购电子病历公司 Cerner，交易价值可能为 300 亿美元。Cerner 股价飙升 12.9%。</blockquote></p><p> FedEx Corp rose almost 5% after the delivery firm reinstated its original fiscal 2022 forecast on Thursday, even as persistent labor woes chipped away profits.</p><p><blockquote>联邦快递公司 (FedEx Corp) 周四恢复了最初的 2022 财年预测，尽管持续的劳动力困境削弱了利润，但该公司股价上涨近 5%。</blockquote></p><p> Declining issues outnumbered advancing ones on the NYSE by a 1.50-to-1 ratio; on Nasdaq, a 1.16-to-1 ratio favored advancers.</p><p><blockquote>纽约证券交易所下跌发行量与上涨发行量的比例为 1.50 比 1；在纳斯达克，1.16比1的比率有利于进步人士。</blockquote></p><p> The S&amp;P 500 posted 22 new 52-week highs and seven new lows; the Nasdaq Composite recorded 28 new highs and 341 new lows.</p><p><blockquote>标普500创下 22 个 52 周新高和 7 个新低；纳斯达克综合指数创下28个新高和341个新低。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://finance.yahoo.com/news/us-stocks-wall-street-ends-212015460.html\">Reuters</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://finance.yahoo.com/news/us-stocks-wall-street-ends-212015460.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1116106959","content_text":"(Reuters) - Wall Street finished lower on Friday, weighed down by Big Tech as investors worried about the Omicron coronavirus variant and digested the Federal Reserve's decision to end its pandemic-era stimulus faster.\nAll three main U.S. stock indexes ended with a decline for the week after the Fed on Wednesday signaled three quarter-percentage-point interest rate hikes by the end of 2022 to combat surging inflation.\nNvidia dropped 2.1% and Alphabet lost 1.9%, both weighing on the S&P 500 and Nasdaq.\nThe S&P 500 growth index lost 0.7% and the value index declined 1.4%.\nAll of the 11 major S&P 500 sector indexes fell, with financials leading the way down with a 2.3% drop. Energy lost 2.2%.\nAdding to uncertainty, Pfizer said on Friday the pandemic could extend through next year. European countries geared up for further travel and social restrictions and a study warned that the rapidly spreading Omicron coronavirus variant was five times more likely to reinfect people than its predecessor, Delta.\nTraders also pointed to year-end tax selling and the simultaneous expiration of stock options, stock index futures and index options contracts - known as triple witching - as potential causes for volatility.\n\"It's a big options expiration day,\" said Joe Saluzzi, co-manager of trading at Themis Trading in Chatham, New Jersey. \"And now you draw on top of that some Omicron, and you've got volatility, and I think it creates a lot of uncertainty amongst investors. Where are you going to position for the end of the year?\"\nHeavyweight growth stocks including Nvidia and Microsoft have outperformed the broader market in 2021, while the Philadelphia SE Semiconductor index has surged about 35%. The benchmark S&P 500 index gained around 23% in the same period.\nIn Friday's session, the Dow Jones Industrial Average fell 1.48% to end at 35,365.44 points, while the S&P 500 lost 1.03% to 4,620.64.\nThe Nasdaq Composite dropped 0.07% to 15,169.68.\nOn a positive note, the small-cap Russell 2000 index rallied 1% after having fallen more than 10% from a record high in early November.\nWith options expiring, volume on U.S. exchanges jumped to 16.6 billion shares, far above the 11.9 billion average over the last 20 trading days.\nFor the week, the S&P 500 fell 1.9%, the Dow lost 1.7% and the Nasdaq declined 2.9%.\nIn Friday's session, Oracle tumbled 6.4% after the Wall Street Journal reported the enterprise software maker is in talks to buy electronic medical records company Cerner in a deal that could be valued at $30 billion. Shares of Cerner surged 12.9%.\nFedEx Corp rose almost 5% after the delivery firm reinstated its original fiscal 2022 forecast on Thursday, even as persistent labor woes chipped away profits.\nDeclining issues outnumbered advancing ones on the NYSE by a 1.50-to-1 ratio; on Nasdaq, a 1.16-to-1 ratio favored advancers.\nThe S&P 500 posted 22 new 52-week highs and seven new lows; the Nasdaq Composite recorded 28 new highs and 341 new lows.","news_type":1,"symbols_score_info":{".IXIC":0.9,".DJI":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":3114,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":842484769,"gmtCreate":1636218932022,"gmtModify":1636218933275,"author":{"id":"3581814406562580","authorId":"3581814406562580","name":"bhahab","avatar":"https://static.tigerbbs.com/da94be6bbb6d4ccc736167ee40fdfe71","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581814406562580","authorIdStr":"3581814406562580"},"themes":[],"title":"","htmlText":"G","listText":"G","text":"G","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/842484769","repostId":"1136116425","repostType":4,"repost":{"id":"1136116425","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1636104081,"share":"https://www.laohunote.com/m/news/1136116425?lang=zh_CN&edition=full","pubTime":"2021-11-05 17:21","market":"us","language":"en","title":"U.S. Daylight Saving Time Ends on Sunday, Nov.7 2021<blockquote>美国夏令时于 2021 年 11 月 7 日星期日结束</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1136116425","media":"Tiger Newspress","summary":"Dear Tigers, U.S. Daylight Saving Time Ends on Sunday, Nov.7 2021,at 2:00 a.m.\nAt that time,the regu","content":"<p>Dear Tigers, U.S. Daylight Saving Time Ends on Sunday, Nov.7 2021,at 2:00&nbsp;a.m.</p><p><blockquote>亲爱的老虎们，美国夏令时于2021年11月7日周日凌晨2:00结束。</blockquote></p><p> At that time,the regular trading period of the US stock market will move toward by one hour, which will become 22:30 p.m.to 5:00 a.m（Beijing Time/SGT）. </p><p><blockquote>届时，美国股市的常规交易时段将提前一小时，即北京时间晚上22:30至凌晨5:00。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/e441a1a98d5230fc31d6f1652e577bde\" tg-width=\"674\" tg-height=\"365\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <b>Trading Hours</b></p><p><blockquote><b>交易时间</b></blockquote></p><p> U.S.&nbsp;Eastern Time:9:30 ~ 16:00; Beijing time /SGT :22:30 ~&nbsp;5:00 the next day</p><p><blockquote>美国东部时间：9:30~16:00；北京时间/SGT：22:30~次日5:00</blockquote></p><p> <b>pre-trade</b></p><p><blockquote><b>交易前</b></blockquote></p><p> U.S.&nbsp;Eastern Time:4:00 ~ 9:30;Beijing time/SGT :17:00&nbsp;~&nbsp;22:30</p><p><blockquote>美国东部时间：4:00~9:30；北京时间/SGT：17:00~22:30</blockquote></p><p> <b>post-trade</b></p><p><blockquote><b>交易后</b></blockquote></p><p> U.S.&nbsp;Eastern Time:16：00~20：00;Beijing time/SGT:5:00&nbsp;~&nbsp;9:00</p><p><blockquote>美国东部时间：16:00~20:00；北京时间/SGT：5:00~9:00</blockquote></p><p> (Note: Daylight saving time always begins on the second Sunday in March and ends on the first Sunday in November)</p><p><blockquote>（注：夏令时总是从三月的第二个星期日开始，到十一月的第一个星期日结束）</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>U.S. Daylight Saving Time Ends on Sunday, Nov.7 2021<blockquote>美国夏令时于 2021 年 11 月 7 日星期日结束</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\">\nU.S. Daylight Saving Time Ends on Sunday, Nov.7 2021<blockquote>美国夏令时于 2021 年 11 月 7 日星期日结束</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-11-05 17:21</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Dear Tigers, U.S. Daylight Saving Time Ends on Sunday, Nov.7 2021,at 2:00&nbsp;a.m.</p><p><blockquote>亲爱的老虎们，美国夏令时于2021年11月7日周日凌晨2:00结束。</blockquote></p><p> At that time,the regular trading period of the US stock market will move toward by one hour, which will become 22:30 p.m.to 5:00 a.m（Beijing Time/SGT）. </p><p><blockquote>届时，美国股市的常规交易时段将提前一小时，即北京时间晚上22:30至凌晨5:00。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/e441a1a98d5230fc31d6f1652e577bde\" tg-width=\"674\" tg-height=\"365\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <b>Trading Hours</b></p><p><blockquote><b>交易时间</b></blockquote></p><p> U.S.&nbsp;Eastern Time:9:30 ~ 16:00; Beijing time /SGT :22:30 ~&nbsp;5:00 the next day</p><p><blockquote>美国东部时间：9:30~16:00；北京时间/SGT：22:30~次日5:00</blockquote></p><p> <b>pre-trade</b></p><p><blockquote><b>交易前</b></blockquote></p><p> U.S.&nbsp;Eastern Time:4:00 ~ 9:30;Beijing time/SGT :17:00&nbsp;~&nbsp;22:30</p><p><blockquote>美国东部时间：4:00~9:30；北京时间/SGT：17:00~22:30</blockquote></p><p> <b>post-trade</b></p><p><blockquote><b>交易后</b></blockquote></p><p> U.S.&nbsp;Eastern Time:16：00~20：00;Beijing time/SGT:5:00&nbsp;~&nbsp;9:00</p><p><blockquote>美国东部时间：16:00~20:00；北京时间/SGT：5:00~9:00</blockquote></p><p> (Note: Daylight saving time always begins on the second Sunday in March and ends on the first Sunday in November)</p><p><blockquote>（注：夏令时总是从三月的第二个星期日开始，到十一月的第一个星期日结束）</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1136116425","content_text":"Dear Tigers, U.S. Daylight Saving Time Ends on Sunday, Nov.7 2021,at 2:00 a.m.\nAt that time,the regular trading period of the US stock market will move toward by one hour, which will become 22:30 p.m.to 5:00 a.m（Beijing Time/SGT）. \n\nTrading Hours\nU.S. Eastern Time:9:30 ~ 16:00; Beijing time /SGT :22:30 ~ 5:00 the next day\npre-trade\nU.S. Eastern Time:4:00 ~ 9:30;Beijing time/SGT :17:00 ~ 22:30\npost-trade\nU.S. Eastern Time:16：00~20：00;Beijing time/SGT:5:00 ~ 9:00\n(Note: Daylight saving time always begins on the second Sunday in March and ends on the first Sunday in November)","news_type":1,"symbols_score_info":{".DJI":0.9,".SPX":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":519,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"lives":[]}