ssky的个人主页 - 老虎社区

ssky

ssky

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0勋章

2021-12-29

Its time

抱歉，原内容已删除

2021-12-23

Confused

抱歉，原内容已删除

2021-12-17

Sell

抱歉，原内容已删除

2021-12-17

$Palantir Technologies Inc.(PLTR)$hold?

2021-12-17

Yeahs

抱歉，原内容已删除

2021-11-15

Yes buy

抱歉，原内容已删除

2021-11-11

$Alibaba(09988)$hold

2021-11-11

$Palantir Technologies Inc.(PLTR)$hold

2021-11-10

$Tesla Motors(TSLA)$short

2021-11-10

$MasterCard(MA)$great

2021-11-09

$Alibaba(09988)$quick trade

2021-11-08

Trade

@小虎活动:[Halloween Game] Trade or Treat!

2021-11-08

$Tiger Brokers(TIGR)$worse

2021-11-08

$MasterCard(MA)$great

2021-11-07

Buy!

抱歉，原内容已删除

2021-11-07

$Roblox Corporation(RBLX)$very bad

2021-11-07

$Hong Kong Exchanges and Clearing(00388)$good?

2021-11-06

Trade

@小虎活动:[Halloween Game] Trade or Treat!

2021-11-06

$MasterCard(MA)$good

2021-11-05

Trade

@小虎活动:[Halloween Game] Trade or Treat!

去老虎APP查看更多动态

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The S&amp;P 500 shed 0.2% and the Nasdaq Composite lost 0.1%</p><p><blockquote>道琼斯工业平均指数下跌约57点。标普500下跌0.2%，纳斯达克综合指数下跌0.1%</blockquote></p><p> <img src=\"https://static.tigerbbs.com/f66a01c33612b6fbc4061b54b04e9b47\" tg-width=\"1054\" tg-height=\"437\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> History is not on the market's side with the S&amp;P 500 averaging a 0.4% decline for September, the worst of any month, according to the Stock Trader's Almanac. Friday in particular&nbsp;begins a historically weak period for stocks&nbsp;as those September losses typically come in the back half of the month.</p><p><blockquote>根据股票交易者年鉴，历史并不站在市场一边，9月份标普500平均下跌0.4%，是所有月份中最糟糕的。尤其是周五，股市开始了历史性的疲软时期，因为9月份的下跌通常发生在下半月。</blockquote></p><p> Some of the volatility that comes during September is often surrounding so-called quadruple witching, which occurs at the close Friday. This is the expiration of stock index futures, stock index options, stock options, and single-stock futures.</p><p><blockquote>9月份出现的一些波动通常围绕着所谓的四重巫术，这种巫术发生在周五收盘时。这是股指期货、股指期权、股票期权、个股期货到期。</blockquote></p><p> \"We expect volatility to increase over the next month driven by a seasonal pickup in investor uncertainty, continued virus uncertainty, and significant monetary and fiscal policy catalysts,\" wrote John Marshall, head of derivatives research for Goldman Sachs, in a note Friday. Marshall cited data showing S&amp;P 500 volatility typically increased by 27% from August to October.</p><p><blockquote>高盛衍生品研究主管约翰·马歇尔(John Marshall)在周五的一份报告中写道：“我们预计，受投资者不确定性季节性回升、病毒持续不确定性以及重大货币和财政政策催化剂的推动，下个月波动性将加剧。”Marshall引用的数据显示，从8月到10月，标普500波动性通常会增加27%。</blockquote></p><p> Still, stocks are heading into Friday with modest gains for the week. The Dow is up 0.41% and the S&amp;P 500 is up 0.34% since Monday. The Nasdaq Composite has gained 0.44% this week. For the month, stocks are in the red. The Dow is down 1.7% in September. The S&amp;P 500 is off by 1.1% this month but still just 1.6% from its all-time high. The Nasdaq has lost 0.5% this month.</p><p><blockquote>尽管如此，周五股市本周仍小幅上涨。自周一以来，道琼斯指数上涨0.41%，标普500上涨0.34%。纳斯达克综合指数本周上涨0.44%。本月，股市出现亏损。道琼斯指数9月份下跌1.7%。标普500本月下跌1.1%，但仍仅较历史高点下跌1.6%。纳斯达克本月已下跌0.5%。</blockquote></p><p> On Thursday, the Dow Jones Industrial Average lost 63 points, after being down as much as 274 points at its low. The S&amp;P 500 fell 0.16%. The Nasdaq Composite was the outperformer, rising 0.13% as&nbsp;Netflix, Microsoft and Amazon all closed in the green.</p><p><blockquote>周四，道琼斯工业平均指数下跌63点，低点曾下跌274点。标普500跌0.16%。纳斯达克综合指数表现优异，上涨0.13%，Netflix、微软和亚马逊均收涨。</blockquote></p><p> The Census Bureau reported Thursday that&nbsp;August's retail sales&nbsp;increased 0.7% for the month against the Dow Jones estimate of a decline of 0.8%. However, the retail sales beat came after the initial estimate for July was revised down sharply from a month-over-month gain of 0.5% to a decline of 1.8%.</p><p><blockquote>人口普查局周四报告称，8月份零售额增长0.7%，而道琼斯预期为下降0.8%。然而，7月份零售额的初步预期从环比增长0.5%大幅下调至下降1.8%。</blockquote></p><p> A separate economic report showed that weekly jobless claims increased to 332,000 for the week ended Sept. 11, according to the Labor Department. The Dow Jones estimate was for 320,000.</p><p><blockquote>另一份经济报告显示，根据劳工部的数据，截至9月11日当周，每周申请失业救济人数增至33.2万人。道琼斯估计为32万人。</blockquote></p><p> “The economy is widely thought to be slowing under the weight of the Delta variant. Combined with a bad historic September stock market seasonality and ongoing fears of inflation, has caused investors to recently turn cautious,” said Jim Paulsen, chief investment strategist for Leuthold Group. “With economic growth unexpectedly reviving again, investors are questioning whether they have been too cautious keeping a bid under the overall stock market.”</p><p><blockquote>Leuthold Group首席投资策略师Jim Paulsen表示：“人们普遍认为，在德尔塔变异毒株的重压下，经济正在放缓。再加上9月份股市季节性不佳和对通胀的持续担忧，导致投资者最近变得谨慎。”“随着经济增长意外再次复苏，投资者质疑他们在整体股市下保持出价是否过于谨慎。”</blockquote></p><p> The Federal Reserve meets for two days next week and on Wednesday is expected to give further clues as to when it may start to slow its $120 billion in monthly bond purchases that have supported the recovery, but also perhaps aided in a jump in inflation. Fed Chief Jerome Powell has said the so-called tapering could occur this year, but investors are waiting for more specifics. Some investors fear a decline in asset prices as the central bank begins to take away its easy policies.</p><p><blockquote>美联储下周将召开为期两天的会议，预计周三将提供进一步线索，说明何时可能开始放缓每月1200亿美元的债券购买计划，这些计划支持了经济复苏，但也可能导致通胀飙升。美联储主席杰罗姆·鲍威尔曾表示，所谓的缩减规模可能会在今年发生，但投资者正在等待更多细节。随着央行开始取消宽松政策，一些投资者担心资产价格会下跌。</blockquote></p><p> Shares of Invesco jumped after&nbsp;the Wall Street Journal&nbsp;reported the money manager is in talks to combine with State Street’s asset-management business. Invesco, which manages about $1.5 trillion, jumped 6% in morning trading.</p><p><blockquote>《华尔街日报》报道景顺基金管理公司正在就与道富银行的资产管理业务合并进行谈判后，该公司股价上涨。管理着约1.5万亿美元资产的景顺(Invesco)早盘上涨6%。</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>Stocks fall slightly as investors brace for more September volatility<blockquote>由于投资者为9月份的更大波动做好准备，股市小幅下跌</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\">\nStocks fall slightly as investors brace for more September volatility<blockquote>由于投资者为9月份的更大波动做好准备，股市小幅下跌</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\">2021-09-17 21:32</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Stocks edged lower on Friday as investors remain cautious due to a resurgent Covid virus, a Federal Reserve meeting next week and a historical tendency for September to be a weak month for equities.</p><p><blockquote>周五股市小幅走低，投资者因新冠病毒卷土重来、下周美联储会议以及9月份股市疲软的历史趋势而保持谨慎。</blockquote></p><p> The Dow Jones Industrial Average lost about 57 points. The S&amp;P 500 shed 0.2% and the Nasdaq Composite lost 0.1%</p><p><blockquote>道琼斯工业平均指数下跌约57点。标普500下跌0.2%，纳斯达克综合指数下跌0.1%</blockquote></p><p> <img src=\"https://static.tigerbbs.com/f66a01c33612b6fbc4061b54b04e9b47\" tg-width=\"1054\" tg-height=\"437\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> History is not on the market's side with the S&amp;P 500 averaging a 0.4% decline for September, the worst of any month, according to the Stock Trader's Almanac. Friday in particular&nbsp;begins a historically weak period for stocks&nbsp;as those September losses typically come in the back half of the month.</p><p><blockquote>根据股票交易者年鉴，历史并不站在市场一边，9月份标普500平均下跌0.4%，是所有月份中最糟糕的。尤其是周五，股市开始了历史性的疲软时期，因为9月份的下跌通常发生在下半月。</blockquote></p><p> Some of the volatility that comes during September is often surrounding so-called quadruple witching, which occurs at the close Friday. This is the expiration of stock index futures, stock index options, stock options, and single-stock futures.</p><p><blockquote>9月份出现的一些波动通常围绕着所谓的四重巫术，这种巫术发生在周五收盘时。这是股指期货、股指期权、股票期权、个股期货到期。</blockquote></p><p> \"We expect volatility to increase over the next month driven by a seasonal pickup in investor uncertainty, continued virus uncertainty, and significant monetary and fiscal policy catalysts,\" wrote John Marshall, head of derivatives research for Goldman Sachs, in a note Friday. Marshall cited data showing S&amp;P 500 volatility typically increased by 27% from August to October.</p><p><blockquote>高盛衍生品研究主管约翰·马歇尔(John Marshall)在周五的一份报告中写道：“我们预计，受投资者不确定性季节性回升、病毒持续不确定性以及重大货币和财政政策催化剂的推动，下个月波动性将加剧。”Marshall引用的数据显示，从8月到10月，标普500波动性通常会增加27%。</blockquote></p><p> Still, stocks are heading into Friday with modest gains for the week. The Dow is up 0.41% and the S&amp;P 500 is up 0.34% since Monday. The Nasdaq Composite has gained 0.44% this week. For the month, stocks are in the red. The Dow is down 1.7% in September. The S&amp;P 500 is off by 1.1% this month but still just 1.6% from its all-time high. The Nasdaq has lost 0.5% this month.</p><p><blockquote>尽管如此，周五股市本周仍小幅上涨。自周一以来，道琼斯指数上涨0.41%，标普500上涨0.34%。纳斯达克综合指数本周上涨0.44%。本月，股市出现亏损。道琼斯指数9月份下跌1.7%。标普500本月下跌1.1%，但仍仅较历史高点下跌1.6%。纳斯达克本月已下跌0.5%。</blockquote></p><p> On Thursday, the Dow Jones Industrial Average lost 63 points, after being down as much as 274 points at its low. The S&amp;P 500 fell 0.16%. The Nasdaq Composite was the outperformer, rising 0.13% as&nbsp;Netflix, Microsoft and Amazon all closed in the green.</p><p><blockquote>周四，道琼斯工业平均指数下跌63点，低点曾下跌274点。标普500跌0.16%。纳斯达克综合指数表现优异，上涨0.13%，Netflix、微软和亚马逊均收涨。</blockquote></p><p> The Census Bureau reported Thursday that&nbsp;August's retail sales&nbsp;increased 0.7% for the month against the Dow Jones estimate of a decline of 0.8%. However, the retail sales beat came after the initial estimate for July was revised down sharply from a month-over-month gain of 0.5% to a decline of 1.8%.</p><p><blockquote>人口普查局周四报告称，8月份零售额增长0.7%，而道琼斯预期为下降0.8%。然而，7月份零售额的初步预期从环比增长0.5%大幅下调至下降1.8%。</blockquote></p><p> A separate economic report showed that weekly jobless claims increased to 332,000 for the week ended Sept. 11, according to the Labor Department. The Dow Jones estimate was for 320,000.</p><p><blockquote>另一份经济报告显示，根据劳工部的数据，截至9月11日当周，每周申请失业救济人数增至33.2万人。道琼斯估计为32万人。</blockquote></p><p> “The economy is widely thought to be slowing under the weight of the Delta variant. Combined with a bad historic September stock market seasonality and ongoing fears of inflation, has caused investors to recently turn cautious,” said Jim Paulsen, chief investment strategist for Leuthold Group. “With economic growth unexpectedly reviving again, investors are questioning whether they have been too cautious keeping a bid under the overall stock market.”</p><p><blockquote>Leuthold Group首席投资策略师Jim Paulsen表示：“人们普遍认为，在德尔塔变异毒株的重压下，经济正在放缓。再加上9月份股市季节性不佳和对通胀的持续担忧，导致投资者最近变得谨慎。”“随着经济增长意外再次复苏，投资者质疑他们在整体股市下保持出价是否过于谨慎。”</blockquote></p><p> The Federal Reserve meets for two days next week and on Wednesday is expected to give further clues as to when it may start to slow its $120 billion in monthly bond purchases that have supported the recovery, but also perhaps aided in a jump in inflation. Fed Chief Jerome Powell has said the so-called tapering could occur this year, but investors are waiting for more specifics. Some investors fear a decline in asset prices as the central bank begins to take away its easy policies.</p><p><blockquote>美联储下周将召开为期两天的会议，预计周三将提供进一步线索，说明何时可能开始放缓每月1200亿美元的债券购买计划，这些计划支持了经济复苏，但也可能导致通胀飙升。美联储主席杰罗姆·鲍威尔曾表示，所谓的缩减规模可能会在今年发生，但投资者正在等待更多细节。随着央行开始取消宽松政策，一些投资者担心资产价格会下跌。</blockquote></p><p> Shares of Invesco jumped after&nbsp;the Wall Street Journal&nbsp;reported the money manager is in talks to combine with State Street’s asset-management business. Invesco, which manages about $1.5 trillion, jumped 6% in morning trading.</p><p><blockquote>《华尔街日报》报道景顺基金管理公司正在就与道富银行的资产管理业务合并进行谈判后，该公司股价上涨。管理着约1.5万亿美元资产的景顺(Invesco)早盘上涨6%。</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":"1187288386","content_text":"Stocks edged lower on Friday as investors remain cautious due to a resurgent Covid virus, a Federal Reserve meeting next week and a historical tendency for September to be a weak month for equities.\nThe Dow Jones Industrial Average lost about 57 points. The S&P 500 shed 0.2% and the Nasdaq Composite lost 0.1%\n\nHistory is not on the market's side with the S&P 500 averaging a 0.4% decline for September, the worst of any month, according to the Stock Trader's Almanac. Friday in particular begins a historically weak period for stocks as those September losses typically come in the back half of the month.\nSome of the volatility that comes during September is often surrounding so-called quadruple witching, which occurs at the close Friday. This is the expiration of stock index futures, stock index options, stock options, and single-stock futures.\n\"We expect volatility to increase over the next month driven by a seasonal pickup in investor uncertainty, continued virus uncertainty, and significant monetary and fiscal policy catalysts,\" wrote John Marshall, head of derivatives research for Goldman Sachs, in a note Friday. Marshall cited data showing S&P 500 volatility typically increased by 27% from August to October.\nStill, stocks are heading into Friday with modest gains for the week. The Dow is up 0.41% and the S&P 500 is up 0.34% since Monday. The Nasdaq Composite has gained 0.44% this week. For the month, stocks are in the red. The Dow is down 1.7% in September. The S&P 500 is off by 1.1% this month but still just 1.6% from its all-time high. The Nasdaq has lost 0.5% this month.\nOn Thursday, the Dow Jones Industrial Average lost 63 points, after being down as much as 274 points at its low. The S&P 500 fell 0.16%. The Nasdaq Composite was the outperformer, rising 0.13% as Netflix, Microsoft and Amazon all closed in the green.\nThe Census Bureau reported Thursday that August's retail sales increased 0.7% for the month against the Dow Jones estimate of a decline of 0.8%. However, the retail sales beat came after the initial estimate for July was revised down sharply from a month-over-month gain of 0.5% to a decline of 1.8%.\nA separate economic report showed that weekly jobless claims increased to 332,000 for the week ended Sept. 11, according to the Labor Department. The Dow Jones estimate was for 320,000.\n“The economy is widely thought to be slowing under the weight of the Delta variant. Combined with a bad historic September stock market seasonality and ongoing fears of inflation, has caused investors to recently turn cautious,” said Jim Paulsen, chief investment strategist for Leuthold Group. “With economic growth unexpectedly reviving again, investors are questioning whether they have been too cautious keeping a bid under the overall stock market.”\nThe Federal Reserve meets for two days next week and on Wednesday is expected to give further clues as to when it may start to slow its $120 billion in monthly bond purchases that have supported the recovery, but also perhaps aided in a jump in inflation. Fed Chief Jerome Powell has said the so-called tapering could occur this year, but investors are waiting for more specifics. Some investors fear a decline in asset prices as the central bank begins to take away its easy policies.\nShares of Invesco jumped after the Wall Street Journal reported the money manager is in talks to combine with State Street’s asset-management business. Invesco, which manages about $1.5 trillion, jumped 6% in morning trading.","news_type":1,"symbols_score_info":{".SPX":0.9,".DJI":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":259,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":839175896,"gmtCreate":1629130644415,"gmtModify":1631892193176,"author":{"id":"3581908140966834","authorId":"3581908140966834","name":"ssky","avatar":"https://static.tigerbbs.com/c557c3de7ee44da7b994d97552ac2735","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581908140966834","idStr":"3581908140966834"},"themes":[],"htmlText":"Nothing..&nbsp;","listText":"Nothing..&nbsp;","text":"Nothing..","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/839175896","repostId":"2159246902","repostType":4,"repost":{"id":"2159246902","kind":"highlight","pubTimestamp":1629082874,"share":"https://www.laohu8.com/m/news/2159246902?lang=zh_CN&edition=full","pubTime":"2021-08-16 11:01","market":"us","language":"en","title":"What the collapse of the Afghan government might mean for the U.S. stock market<blockquote>阿富汗政府垮台对美国股市可能意味着什么</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2159246902","media":"MarketWatch","summary":"After 20 years in the shadows, the Taliban have returned to power in Afghanistan, raising questions ","content":"<p>After 20 years in the shadows, the Taliban have returned to power in Afghanistan, raising questions about stability in the Middle East and stoking some potential unrest in U.S. financial markets, amid a weekend that was rife with political developments.</p><p><blockquote>在经历了20年的阴影后，塔利班在阿富汗重新掌权，引发了人们对中东稳定的质疑，并在一个充满政治事态发展的周末引发了美国金融市场的一些潜在动荡。</blockquote></p><p> However, the impact to the stock market, with the Dow Jones Industrial Average , the S&amp;P 500 index and the Nasdaq Composite Index trading at or near record highs , is unclear.</p><p><blockquote>然而，对股市的影响尚不清楚，道琼斯工业平均指数、标普500指数和纳斯达克综合指数的交易价格处于或接近历史高点。</blockquote></p><p> \"It's a terrible situation for those U.S. folks who are still there,\" J.J. Kinahan, chief market strategist at TD Ameritrade, told MarketWatch in emailed comments on Sunday.</p><p><blockquote>“对于那些仍在那里的美国人来说，这是一个可怕的情况，”J.J.德美利证券首席市场策略师基纳汉周日在电子邮件评论中告诉MarketWatch。</blockquote></p><p> \"As far as the markets go, we'll have to wait and see on the longer-term implications,\" he said.</p><p><blockquote>“就市场而言，我们必须观望长期影响，”他说。</blockquote></p><p> Futures, however, were tilting lower, with those for the S&amp;P 500 , the Dow and the Nasdaq-100 all showing modest declines, but hardly indicating that the market's bull run amid COVID-19 was in jeopardy.</p><p><blockquote>然而，期货价格走低，标普500、道琼斯指数和纳斯达克100指数均小幅下跌，但几乎不表明市场在COVID-19期间的牛市处于危险之中。</blockquote></p><p> The benchmark 10-year Treasury note yield was at 1.27% late Sunday in New York, attracting some haven bids, with prices of government debt rising and yields moving in the opposite direction.</p><p><blockquote>周日晚间，纽约基准10年期国债收益率报1.27%，吸引了一些避险买盘，政府债务价格上涨，收益率走势相反。</blockquote></p><p> Taliban fighters took over Kabul , fearing retaliation in the new regime.</p><p><blockquote>塔利班战士接管了喀布尔，担心新政权的报复。</blockquote></p><p> President Joe Biden has rushed 5,000 troops to Kabul .</p><p><blockquote>乔·拜登总统已向喀布尔派遣5000名士兵。</blockquote></p><p> The U.S. presence in Afghanistan, spanning the tenures of Presidents George W. Bush, Barack Obama, Donald Trump and Biden, started following the Sept. 11, 2001, attacks on the World Trade Center and the Pentagon, and is now considered the U.S.'s longest military conflict, surpassing World War I, World War II and the Korean War combined .</p><p><blockquote>美国在阿富汗的存在跨越了乔治·W·布什、巴拉克·奥巴马、唐纳德·特朗普和拜登总统的任期，始于2001年9月11日世贸中心和五角大楼遇袭后，现在被认为是美国最长的军事冲突，超过了第一次世界大战、第二次世界大战和朝鲜战争的总和。</blockquote></p><p> Biden's decision to remove troops from Afghanistan came after Trump's concessions to withdraw U.S. forces , had made the case that it would destabilize the tenuous Afghanistan leadership, leaving it vulnerable to insurgent groups.</p><p><blockquote>拜登决定从阿富汗撤军之前，特朗普做出了撤出美军的让步，这表明这将破坏脆弱的阿富汗领导层的稳定，使其容易受到叛乱组织的攻击。</blockquote></p><p> For the most part, stock-market investors have been mostly sanguine amid the long-running conflict that has cost an estimated $2.261 trillion, according to research from Brown University's Watson Institute of International Public Affairs , which also estimates that 241,000 people have died as a direct result of the war.</p><p><blockquote>根据布朗大学沃森国际公共事务研究所的研究，在很大程度上，股市投资者在这场估计造成2.261万亿美元损失的长期冲突中大多持乐观态度，该研究所还估计有241,000人死亡。战争的直接结果。</blockquote></p><p> The Dow is up by nearly 270%, the S&amp;P 500 has gained more than 300% and the Nasdaq Composite has climbed more than 700% since the fall of 2001.</p><p><blockquote>自2001年秋季以来，道琼斯指数上涨了近270%，标普500上涨了300%以上，纳斯达克综合指数上涨了700%以上。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/502f052f480a29bd870006528642c220\" tg-width=\"1064\" tg-height=\"648\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> It's worth noting that the benchmark 10-year was yielding between 4% and 5% around that time.</p><p><blockquote>值得注意的是，当时基准10年期国债收益率在4%至5%之间。</blockquote></p><p> Historically, military conflict doesn't always have an impact on stocks, and war's influence, if any, on investors' psyches isn't always clear-cut. The context and economic and market environments are often a bigger driver.</p><p><blockquote>从历史上看，军事冲突并不总是对股市产生影响，战争对投资者心理的影响（如果有的话）也并不总是明确的。背景、经济和市场环境往往是更大的驱动因素。</blockquote></p><p> The U.S. was already in the throes of a recession when the attacks of 9/11 hit and the market initially dipped sharply after the attacks.</p><p><blockquote>当9/11袭击发生时，美国已经处于经济衰退的阵痛之中，袭击发生后市场最初大幅下跌。</blockquote></p><p> Markets currently are attempting to claw back from the hit caused by COVID-19 and the spread of the delta variant, with questions about the policy plans by the Federal Reserve, and other central banks, at the front of investors' minds.</p><p><blockquote>市场目前正试图从COVID-19和德尔塔变异毒株蔓延造成的打击中恢复过来，投资者首先想到的是对美联储和其他央行政策计划的质疑。</blockquote></p><p> Still, military aggressions may result in some investors turning to bets on defense contractors, which could see a boost if the animosities flare up.</p><p><blockquote>尽管如此，军事侵略可能会导致一些投资者转向押注国防承包商，如果敌意爆发，国防承包商可能会得到提振。</blockquote></p><p> Northrop Grumman Corp.'s stock <a href=\"https://laohu8.com/S/NOC\">$(NOC)$</a> is up nearly 880% and Lockeed Martin Corp.'s shares <a href=\"https://laohu8.com/S/LMT\">$(LMT)$</a> are up 834% since 2001, while Boeing Co. <a href=\"https://laohu8.com/S/BA\">$(BA)$</a> is up 439%, and General Dynamics Corp. <a href=\"https://laohu8.com/S/GD\">$(GD)$</a> is up over 422%, all of which outperformed the broader market during that period.</p><p><blockquote>诺斯罗普·格鲁曼公司的股票<a href=\"https://laohu8.com/S/NOC\">$（夜间）$</a>上涨近880%，锁定马丁公司股价<a href=\"https://laohu8.com/S/LMT\">$(LMT)$</a>自2001年以来增长了834%，而波音公司。<a href=\"https://laohu8.com/S/BA\">$(BA)$</a>上涨439%，通用动力公司(General Dynamics Corp.)<a href=\"https://laohu8.com/S/GD\">$(GD)$</a>上涨超过422%，均跑赢同期大盘。</blockquote></p><p> So far this year, Lockheed's stock is underperforming the broader market, up 0.9%, as is Boeing's, which has gained 9.5% in the year to date.</p><p><blockquote>今年迄今为止，洛克希德公司的股价表现逊于大盘，上涨了0.9%，波音公司的股价也是如此，今年迄今为止上涨了9.5%。</blockquote></p><p> One popular way to play defense contractors broadly is the <a href=\"https://laohu8.com/S/EEME\">iShares</a> U.S. Aerospace &amp; Defense <a href=\"https://laohu8.com/S/ITA\">$(ITA)$</a> exchange-traded fund, which was created in 2006 and is up 13.7% in 2021 thus far. The SPDR S&amp;P Aerospace &amp; Defense ETF <a href=\"https://laohu8.com/S/XAR.UK\">$(XAR.UK)$</a>, which kicked off in 2011, is up 7% year to date.</p><p><blockquote>广泛参与国防承包商的一种流行方式是<a href=\"https://laohu8.com/S/EEME\">iShares</a>美国航空航天与国防<a href=\"https://laohu8.com/S/ITA\">$(ITA)$</a>交易所交易基金成立于2006年，2021年迄今已上涨13.7%。SPDR S&amp;P航空航天与国防ETF<a href=\"https://laohu8.com/S/XAR.UK\">$(XAR.UK)$</a>该计划于2011年启动，今年迄今已上涨7%。</blockquote></p><p> Overall, strategists had already been warning about the possibility of a correction as concerns about peak earnings and economic growth grow and many analysts see the Afghan escalation as simply adding to a wall of worry.</p><p><blockquote>总体而言，策略师已经警告称，随着对盈利和经济增长峰值的担忧加剧，可能会出现调整，许多分析师认为阿富汗局势升级只是加剧了担忧。</blockquote></p><p> TDAmeritrade's Kinahan said that we \"should see a lift in volatility, and perhaps some fixed-income purchasing, as this puts an element of uncertainty into the market.\"</p><p><blockquote>TDAmeritrade的Kinahan表示，我们“应该会看到波动性上升，或许还会看到一些固定收益购买，因为这给市场带来了不确定性。”</blockquote></p><p> But don't be surprised if the market's reaction to the possibility of military tensions is counterintuitive, as Ben Carlson, portfolio manager at Ritholtz Wealth Management LLC, has written in the past about the market's sometimes odd reaction to war , summing it up thusly.</p><p><blockquote>但如果市场对军事紧张局势可能性的反应违反直觉，请不要感到惊讶，正如Ritholtz Wealth Management LLC的投资组合经理本·卡尔森(Ben Carlson)过去曾写过有关市场对战争有时会做出奇怪反应的文章，并这样总结。</blockquote></p><p></p><p> \"Markets don't always respond to geopolitical events the way you think.\"</p><p><blockquote>“市场并不总是像你想象的那样对地缘政治事件做出反应。”</blockquote></p><p></p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhat the collapse of the Afghan government might mean for the U.S. stock market<blockquote>阿富汗政府垮台对美国股市可能意味着什么</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-08-16 11:01</span>\n</p>\n</h4>\n</header>\n<article>\n<p>After 20 years in the shadows, the Taliban have returned to power in Afghanistan, raising questions about stability in the Middle East and stoking some potential unrest in U.S. financial markets, amid a weekend that was rife with political developments.</p><p><blockquote>在经历了20年的阴影后，塔利班在阿富汗重新掌权，引发了人们对中东稳定的质疑，并在一个充满政治事态发展的周末引发了美国金融市场的一些潜在动荡。</blockquote></p><p> However, the impact to the stock market, with the Dow Jones Industrial Average , the S&amp;P 500 index and the Nasdaq Composite Index trading at or near record highs , is unclear.</p><p><blockquote>然而，对股市的影响尚不清楚，道琼斯工业平均指数、标普500指数和纳斯达克综合指数的交易价格处于或接近历史高点。</blockquote></p><p> \"It's a terrible situation for those U.S. folks who are still there,\" J.J. Kinahan, chief market strategist at TD Ameritrade, told MarketWatch in emailed comments on Sunday.</p><p><blockquote>“对于那些仍在那里的美国人来说，这是一个可怕的情况，”J.J.德美利证券首席市场策略师基纳汉周日在电子邮件评论中告诉MarketWatch。</blockquote></p><p> \"As far as the markets go, we'll have to wait and see on the longer-term implications,\" he said.</p><p><blockquote>“就市场而言，我们必须观望长期影响，”他说。</blockquote></p><p> Futures, however, were tilting lower, with those for the S&amp;P 500 , the Dow and the Nasdaq-100 all showing modest declines, but hardly indicating that the market's bull run amid COVID-19 was in jeopardy.</p><p><blockquote>然而，期货价格走低，标普500、道琼斯指数和纳斯达克100指数均小幅下跌，但几乎不表明市场在COVID-19期间的牛市处于危险之中。</blockquote></p><p> The benchmark 10-year Treasury note yield was at 1.27% late Sunday in New York, attracting some haven bids, with prices of government debt rising and yields moving in the opposite direction.</p><p><blockquote>周日晚间，纽约基准10年期国债收益率报1.27%，吸引了一些避险买盘，政府债务价格上涨，收益率走势相反。</blockquote></p><p> Taliban fighters took over Kabul , fearing retaliation in the new regime.</p><p><blockquote>塔利班战士接管了喀布尔，担心新政权的报复。</blockquote></p><p> President Joe Biden has rushed 5,000 troops to Kabul .</p><p><blockquote>乔·拜登总统已向喀布尔派遣5000名士兵。</blockquote></p><p> The U.S. presence in Afghanistan, spanning the tenures of Presidents George W. Bush, Barack Obama, Donald Trump and Biden, started following the Sept. 11, 2001, attacks on the World Trade Center and the Pentagon, and is now considered the U.S.'s longest military conflict, surpassing World War I, World War II and the Korean War combined .</p><p><blockquote>美国在阿富汗的存在跨越了乔治·W·布什、巴拉克·奥巴马、唐纳德·特朗普和拜登总统的任期，始于2001年9月11日世贸中心和五角大楼遇袭后，现在被认为是美国最长的军事冲突，超过了第一次世界大战、第二次世界大战和朝鲜战争的总和。</blockquote></p><p> Biden's decision to remove troops from Afghanistan came after Trump's concessions to withdraw U.S. forces , had made the case that it would destabilize the tenuous Afghanistan leadership, leaving it vulnerable to insurgent groups.</p><p><blockquote>拜登决定从阿富汗撤军之前，特朗普做出了撤出美军的让步，这表明这将破坏脆弱的阿富汗领导层的稳定，使其容易受到叛乱组织的攻击。</blockquote></p><p> For the most part, stock-market investors have been mostly sanguine amid the long-running conflict that has cost an estimated $2.261 trillion, according to research from Brown University's Watson Institute of International Public Affairs , which also estimates that 241,000 people have died as a direct result of the war.</p><p><blockquote>根据布朗大学沃森国际公共事务研究所的研究，在很大程度上，股市投资者在这场估计造成2.261万亿美元损失的长期冲突中大多持乐观态度，该研究所还估计有241,000人死亡。战争的直接结果。</blockquote></p><p> The Dow is up by nearly 270%, the S&amp;P 500 has gained more than 300% and the Nasdaq Composite has climbed more than 700% since the fall of 2001.</p><p><blockquote>自2001年秋季以来，道琼斯指数上涨了近270%，标普500上涨了300%以上，纳斯达克综合指数上涨了700%以上。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/502f052f480a29bd870006528642c220\" tg-width=\"1064\" tg-height=\"648\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> It's worth noting that the benchmark 10-year was yielding between 4% and 5% around that time.</p><p><blockquote>值得注意的是，当时基准10年期国债收益率在4%至5%之间。</blockquote></p><p> Historically, military conflict doesn't always have an impact on stocks, and war's influence, if any, on investors' psyches isn't always clear-cut. The context and economic and market environments are often a bigger driver.</p><p><blockquote>从历史上看，军事冲突并不总是对股市产生影响，战争对投资者心理的影响（如果有的话）也并不总是明确的。背景、经济和市场环境往往是更大的驱动因素。</blockquote></p><p> The U.S. was already in the throes of a recession when the attacks of 9/11 hit and the market initially dipped sharply after the attacks.</p><p><blockquote>当9/11袭击发生时，美国已经处于经济衰退的阵痛之中，袭击发生后市场最初大幅下跌。</blockquote></p><p> Markets currently are attempting to claw back from the hit caused by COVID-19 and the spread of the delta variant, with questions about the policy plans by the Federal Reserve, and other central banks, at the front of investors' minds.</p><p><blockquote>市场目前正试图从COVID-19和德尔塔变异毒株蔓延造成的打击中恢复过来，投资者首先想到的是对美联储和其他央行政策计划的质疑。</blockquote></p><p> Still, military aggressions may result in some investors turning to bets on defense contractors, which could see a boost if the animosities flare up.</p><p><blockquote>尽管如此，军事侵略可能会导致一些投资者转向押注国防承包商，如果敌意爆发，国防承包商可能会得到提振。</blockquote></p><p> Northrop Grumman Corp.'s stock <a href=\"https://laohu8.com/S/NOC\">$(NOC)$</a> is up nearly 880% and Lockeed Martin Corp.'s shares <a href=\"https://laohu8.com/S/LMT\">$(LMT)$</a> are up 834% since 2001, while Boeing Co. <a href=\"https://laohu8.com/S/BA\">$(BA)$</a> is up 439%, and General Dynamics Corp. <a href=\"https://laohu8.com/S/GD\">$(GD)$</a> is up over 422%, all of which outperformed the broader market during that period.</p><p><blockquote>诺斯罗普·格鲁曼公司的股票<a href=\"https://laohu8.com/S/NOC\">$（夜间）$</a>上涨近880%，锁定马丁公司股价<a href=\"https://laohu8.com/S/LMT\">$(LMT)$</a>自2001年以来增长了834%，而波音公司。<a href=\"https://laohu8.com/S/BA\">$(BA)$</a>上涨439%，通用动力公司(General Dynamics Corp.)<a href=\"https://laohu8.com/S/GD\">$(GD)$</a>上涨超过422%，均跑赢同期大盘。</blockquote></p><p> So far this year, Lockheed's stock is underperforming the broader market, up 0.9%, as is Boeing's, which has gained 9.5% in the year to date.</p><p><blockquote>今年迄今为止，洛克希德公司的股价表现逊于大盘，上涨了0.9%，波音公司的股价也是如此，今年迄今为止上涨了9.5%。</blockquote></p><p> One popular way to play defense contractors broadly is the <a href=\"https://laohu8.com/S/EEME\">iShares</a> U.S. Aerospace &amp; Defense <a href=\"https://laohu8.com/S/ITA\">$(ITA)$</a> exchange-traded fund, which was created in 2006 and is up 13.7% in 2021 thus far. The SPDR S&amp;P Aerospace &amp; Defense ETF <a href=\"https://laohu8.com/S/XAR.UK\">$(XAR.UK)$</a>, which kicked off in 2011, is up 7% year to date.</p><p><blockquote>广泛参与国防承包商的一种流行方式是<a href=\"https://laohu8.com/S/EEME\">iShares</a>美国航空航天与国防<a href=\"https://laohu8.com/S/ITA\">$(ITA)$</a>交易所交易基金成立于2006年，2021年迄今已上涨13.7%。SPDR S&amp;P航空航天与国防ETF<a href=\"https://laohu8.com/S/XAR.UK\">$(XAR.UK)$</a>该计划于2011年启动，今年迄今已上涨7%。</blockquote></p><p> Overall, strategists had already been warning about the possibility of a correction as concerns about peak earnings and economic growth grow and many analysts see the Afghan escalation as simply adding to a wall of worry.</p><p><blockquote>总体而言，策略师已经警告称，随着对盈利和经济增长峰值的担忧加剧，可能会出现调整，许多分析师认为阿富汗局势升级只是加剧了担忧。</blockquote></p><p> TDAmeritrade's Kinahan said that we \"should see a lift in volatility, and perhaps some fixed-income purchasing, as this puts an element of uncertainty into the market.\"</p><p><blockquote>TDAmeritrade的Kinahan表示，我们“应该会看到波动性上升，或许还会看到一些固定收益购买，因为这给市场带来了不确定性。”</blockquote></p><p> But don't be surprised if the market's reaction to the possibility of military tensions is counterintuitive, as Ben Carlson, portfolio manager at Ritholtz Wealth Management LLC, has written in the past about the market's sometimes odd reaction to war , summing it up thusly.</p><p><blockquote>但如果市场对军事紧张局势可能性的反应违反直觉，请不要感到惊讶，正如Ritholtz Wealth Management LLC的投资组合经理本·卡尔森(Ben Carlson)过去曾写过有关市场对战争有时会做出奇怪反应的文章，并这样总结。</blockquote></p><p></p><p> \"Markets don't always respond to geopolitical events the way you think.\"</p><p><blockquote>“市场并不总是像你想象的那样对地缘政治事件做出反应。”</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/what-the-collapse-of-the-afghan-government-might-mean-for-the-u-s-stock-market-11629081544?mod=newsviewer_click\">MarketWatch</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite","UPRO":"三倍做多标普500ETF-ProShares","OEF":"标普100指数ETF-iShares",".SPX":"S&P 500 Index","SPXU":"三倍做空标普500ETF-ProShares","SH":"做空标普500-Proshares","SSO":"2倍做多标普500ETF-ProShares","OEX":"标普100",".DJI":"道琼斯"},"source_url":"https://www.marketwatch.com/story/what-the-collapse-of-the-afghan-government-might-mean-for-the-u-s-stock-market-11629081544?mod=newsviewer_click","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2159246902","content_text":"After 20 years in the shadows, the Taliban have returned to power in Afghanistan, raising questions about stability in the Middle East and stoking some potential unrest in U.S. financial markets, amid a weekend that was rife with political developments.\nHowever, the impact to the stock market, with the Dow Jones Industrial Average , the S&P 500 index and the Nasdaq Composite Index trading at or near record highs , is unclear.\n\"It's a terrible situation for those U.S. folks who are still there,\" J.J. Kinahan, chief market strategist at TD Ameritrade, told MarketWatch in emailed comments on Sunday.\n\"As far as the markets go, we'll have to wait and see on the longer-term implications,\" he said.\nFutures, however, were tilting lower, with those for the S&P 500 , the Dow and the Nasdaq-100 all showing modest declines, but hardly indicating that the market's bull run amid COVID-19 was in jeopardy.\nThe benchmark 10-year Treasury note yield was at 1.27% late Sunday in New York, attracting some haven bids, with prices of government debt rising and yields moving in the opposite direction.\nTaliban fighters took over Kabul , fearing retaliation in the new regime.\nPresident Joe Biden has rushed 5,000 troops to Kabul .\nThe U.S. presence in Afghanistan, spanning the tenures of Presidents George W. Bush, Barack Obama, Donald Trump and Biden, started following the Sept. 11, 2001, attacks on the World Trade Center and the Pentagon, and is now considered the U.S.'s longest military conflict, surpassing World War I, World War II and the Korean War combined .\nBiden's decision to remove troops from Afghanistan came after Trump's concessions to withdraw U.S. forces , had made the case that it would destabilize the tenuous Afghanistan leadership, leaving it vulnerable to insurgent groups.\nFor the most part, stock-market investors have been mostly sanguine amid the long-running conflict that has cost an estimated $2.261 trillion, according to research from Brown University's Watson Institute of International Public Affairs , which also estimates that 241,000 people have died as a direct result of the war.\nThe Dow is up by nearly 270%, the S&P 500 has gained more than 300% and the Nasdaq Composite has climbed more than 700% since the fall of 2001.\n\nIt's worth noting that the benchmark 10-year was yielding between 4% and 5% around that time.\nHistorically, military conflict doesn't always have an impact on stocks, and war's influence, if any, on investors' psyches isn't always clear-cut. The context and economic and market environments are often a bigger driver.\nThe U.S. was already in the throes of a recession when the attacks of 9/11 hit and the market initially dipped sharply after the attacks.\nMarkets currently are attempting to claw back from the hit caused by COVID-19 and the spread of the delta variant, with questions about the policy plans by the Federal Reserve, and other central banks, at the front of investors' minds.\nStill, military aggressions may result in some investors turning to bets on defense contractors, which could see a boost if the animosities flare up.\nNorthrop Grumman Corp.'s stock $(NOC)$ is up nearly 880% and Lockeed Martin Corp.'s shares $(LMT)$ are up 834% since 2001, while Boeing Co. $(BA)$ is up 439%, and General Dynamics Corp. $(GD)$ is up over 422%, all of which outperformed the broader market during that period.\nSo far this year, Lockheed's stock is underperforming the broader market, up 0.9%, as is Boeing's, which has gained 9.5% in the year to date.\nOne popular way to play defense contractors broadly is the iShares U.S. Aerospace & Defense $(ITA)$ exchange-traded fund, which was created in 2006 and is up 13.7% in 2021 thus far. The SPDR S&P Aerospace & Defense ETF $(XAR.UK)$, which kicked off in 2011, is up 7% year to date.\nOverall, strategists had already been warning about the possibility of a correction as concerns about peak earnings and economic growth grow and many analysts see the Afghan escalation as simply adding to a wall of worry.\nTDAmeritrade's Kinahan said that we \"should see a lift in volatility, and perhaps some fixed-income purchasing, as this puts an element of uncertainty into the market.\"\nBut don't be surprised if the market's reaction to the possibility of military tensions is counterintuitive, as Ben Carlson, portfolio manager at Ritholtz Wealth Management LLC, has written in the past about the market's sometimes odd reaction to war , summing it up thusly.\n\"Markets don't always respond to geopolitical events the way you think.\"","news_type":1,"symbols_score_info":{"SH":0.9,"UPRO":0.9,"SSO":0.9,"SPXU":0.9,".SPX":0.9,"OEX":0.9,"OEF":0.9,".IXIC":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":284,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":831126811,"gmtCreate":1629295921433,"gmtModify":1631892193173,"author":{"id":"3581908140966834","authorId":"3581908140966834","name":"ssky","avatar":"https://static.tigerbbs.com/c557c3de7ee44da7b994d97552ac2735","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581908140966834","idStr":"3581908140966834"},"themes":[],"htmlText":"Rollercoaster","listText":"Rollercoaster","text":"Rollercoaster","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/831126811","repostId":"1136381881","repostType":4,"isVote":1,"tweetType":1,"viewCount":447,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":801324065,"gmtCreate":1627483876657,"gmtModify":1633764543850,"author":{"id":"3581908140966834","authorId":"3581908140966834","name":"ssky","avatar":"https://static.tigerbbs.com/c557c3de7ee44da7b994d97552ac2735","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581908140966834","idStr":"3581908140966834"},"themes":[],"htmlText":"To the moon?","listText":"To the moon?","text":"To the moon?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/801324065","repostId":"1179923360","repostType":4,"isVote":1,"tweetType":1,"viewCount":492,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":177101086,"gmtCreate":1627184096245,"gmtModify":1633767357918,"author":{"id":"3581908140966834","authorId":"3581908140966834","name":"ssky","avatar":"https://static.tigerbbs.com/c557c3de7ee44da7b994d97552ac2735","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581908140966834","idStr":"3581908140966834"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/PLTR\">$Palantir Technologies Inc.(PLTR)$</a>bull time","listText":"<a href=\"https://laohu8.com/S/PLTR\">$Palantir Technologies Inc.(PLTR)$</a>bull time","text":"$Palantir Technologies Inc.(PLTR)$bull time","images":[{"img":"https://static.tigerbbs.com/e06461c618f88e6199ac95e501dd08f9","width":"720","height":"1280"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/177101086","isVote":1,"tweetType":1,"viewCount":659,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":179661895,"gmtCreate":1626519628217,"gmtModify":1633926079808,"author":{"id":"3581908140966834","authorId":"3581908140966834","name":"ssky","avatar":"https://static.tigerbbs.com/c557c3de7ee44da7b994d97552ac2735","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581908140966834","idStr":"3581908140966834"},"themes":[],"htmlText":"Yeah!","listText":"Yeah!","text":"Yeah!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/179661895","repostId":"2152168594","repostType":4,"isVote":1,"tweetType":1,"viewCount":374,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":863099486,"gmtCreate":1632326873345,"gmtModify":1632801176018,"author":{"id":"3581908140966834","authorId":"3581908140966834","name":"ssky","avatar":"https://static.tigerbbs.com/c557c3de7ee44da7b994d97552ac2735","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581908140966834","idStr":"3581908140966834"},"themes":[],"htmlText":"Crazy","listText":"Crazy","text":"Crazy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/863099486","repostId":"1185018388","repostType":4,"repost":{"id":"1185018388","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":1632325664,"share":"https://www.laohu8.com/m/news/1185018388?lang=zh_CN&edition=full","pubTime":"2021-09-22 23:47","market":"us","language":"en","title":"Toast opens for trading at $62.6, up about 56% from IPO price<blockquote>Toast开盘价为62.6美元，较IPO价格上涨约56%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1185018388","media":"Tiger Newspress","summary":"(Sept 22) Restaurant-focused tech company stands to be valued at $30 billion based on recent trading","content":"<p>(Sept 22)&nbsp;Restaurant-focused tech company stands to be valued at $30 billion based on recent trading.</p><p><blockquote>（9月22日）根据最近的交易，这家专注于餐厅的科技公司的估值将达到300亿美元。</blockquote></p><p> <a href=\"https://laohu8.com/S/TOST\">Toast, Inc.</a>shares popped 56% in their trading debut Wednesday, marking a warm Wall Street welcome for the maker of restaurant-focused software and payment technology.</p><p><blockquote><a href=\"https://laohu8.com/S/TOST\">吐司公司。</a>周三首次交易中，股价上涨56%，标志着华尔街对这家专注于餐厅的软件和支付技术制造商的热烈欢迎。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/6e815311a95d5f06b4eff3a9471a7087\" tg-width=\"1080\" tg-height=\"1868\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Shares of Toast opened at $65.26, above their initial-public-offering price of $40, which itself came in above a raised expected range of $34 to $36. Toast raised $868 million through the offering and stands to be valued at $31.2 billion based on its recent trading price of $62.50.</p><p><blockquote>Toast股价开盘价为65.26美元，高于40美元的首次公开募股价格，而首次公开募股价格本身也高于34美元至36美元的预期区间。Toast通过此次发行筹集了8.68亿美元，根据其最近62.50美元的交易价格计算，估值为312亿美元。</blockquote></p><p> Toast has a variety of payment offerings for restaurants, including point-of-sale hardware, team-management tools, and software that enables establishments to take online orders. The company's technology was present in about 48,000 restaurant locations as of the end of June.</p><p><blockquote>Toast为餐厅提供各种支付产品，包括销售点硬件、团队管理工具和使餐厅能够接受在线订单的软件。截至6月底，该公司的技术已应用于约48,000家餐厅。</blockquote></p><p> Among the most popular Toast products are its payment hardware, online tools, and marketing offerings, Chief Financial Officer Elena Gomez told MarketWatch. Over half of the company's customers adopt more than four products and she is \"excited and encouraged that more customers are adopting entirety of the platform.\"</p><p><blockquote>首席财务官Elena Gomez告诉MarketWatch，最受欢迎的Toast产品包括支付硬件、在线工具和营销产品。该公司超过一半的客户采用了四种以上的产品，她“对更多客户采用整个平台感到兴奋和鼓舞”。</blockquote></p><p> The company generated revenue of $704 million during the first six months of 2021, while posting a net loss of $235 million. That compares to $344 million in revenue and a net loss of $125 million during the first six months of 2020.</p><p><blockquote>该公司2021年前六个月的收入为7.04亿美元，净亏损为2.35亿美元。相比之下，2020年前六个月的收入为3.44亿美元，净亏损为1.25亿美元。</blockquote></p><p> Asked about the company's approach to the bottom line, Chief Financial Officer Elena Gomez told MarketWatch that the company plans continued investments in its platform. \"At the highest level we have such a massive opportunity that we're going to continue to support customers and invest for growth,\" she said.</p><p><blockquote>当被问及该公司的盈利方法时，首席财务官埃琳娜·戈麦斯(Elena Gomez)告诉MarketWatch，该公司计划继续投资其平台。“在最高层，我们拥有如此巨大的机会，我们将继续支持客户并投资以实现增长，”她说。</blockquote></p><p> One growth aim for Toast is international expansion, according the company's prospectus. Toast currently captures perhaps only 6% of the U.S. market, Gomez said, but the company also sees a \"significant opportunity\" to attract customers in new geographies, Gomez said.</p><p><blockquote>根据该公司的招股说明书，Toast的增长目标之一是国际扩张。戈麦斯表示，Toast目前可能仅占据美国市场6%的份额，但该公司也看到了在新地区吸引客户的“重大机会”。</blockquote></p><p> Toast's debut comes at a time that the Renaissance IPO exchange-traded fund <a href=\"https://laohu8.com/S/IPO.UK\">$(IPO.UK)$</a> has rallied 6.7% over the past three months, while the S&amp;P 500 index has gained 3.7%.</p><p><blockquote>Toast的首次亮相正值Renaissance IPO交易所交易基金之际<a href=\"https://laohu8.com/S/IPO.UK\">$(IPO.UK)$</a>过去三个月上涨了6.7%，而标普500指数上涨了3.7%。</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>Toast opens for trading at $62.6, up about 56% from IPO price<blockquote>Toast开盘价为62.6美元，较IPO价格上涨约56%</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\">\nToast opens for trading at $62.6, up about 56% from IPO price<blockquote>Toast开盘价为62.6美元，较IPO价格上涨约56%</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\">2021-09-22 23:47</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>(Sept 22)&nbsp;Restaurant-focused tech company stands to be valued at $30 billion based on recent trading.</p><p><blockquote>（9月22日）根据最近的交易，这家专注于餐厅的科技公司的估值将达到300亿美元。</blockquote></p><p> <a href=\"https://laohu8.com/S/TOST\">Toast, Inc.</a>shares popped 56% in their trading debut Wednesday, marking a warm Wall Street welcome for the maker of restaurant-focused software and payment technology.</p><p><blockquote><a href=\"https://laohu8.com/S/TOST\">吐司公司。</a>周三首次交易中，股价上涨56%，标志着华尔街对这家专注于餐厅的软件和支付技术制造商的热烈欢迎。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/6e815311a95d5f06b4eff3a9471a7087\" tg-width=\"1080\" tg-height=\"1868\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Shares of Toast opened at $65.26, above their initial-public-offering price of $40, which itself came in above a raised expected range of $34 to $36. Toast raised $868 million through the offering and stands to be valued at $31.2 billion based on its recent trading price of $62.50.</p><p><blockquote>Toast股价开盘价为65.26美元，高于40美元的首次公开募股价格，而首次公开募股价格本身也高于34美元至36美元的预期区间。Toast通过此次发行筹集了8.68亿美元，根据其最近62.50美元的交易价格计算，估值为312亿美元。</blockquote></p><p> Toast has a variety of payment offerings for restaurants, including point-of-sale hardware, team-management tools, and software that enables establishments to take online orders. The company's technology was present in about 48,000 restaurant locations as of the end of June.</p><p><blockquote>Toast为餐厅提供各种支付产品，包括销售点硬件、团队管理工具和使餐厅能够接受在线订单的软件。截至6月底，该公司的技术已应用于约48,000家餐厅。</blockquote></p><p> Among the most popular Toast products are its payment hardware, online tools, and marketing offerings, Chief Financial Officer Elena Gomez told MarketWatch. Over half of the company's customers adopt more than four products and she is \"excited and encouraged that more customers are adopting entirety of the platform.\"</p><p><blockquote>首席财务官Elena Gomez告诉MarketWatch，最受欢迎的Toast产品包括支付硬件、在线工具和营销产品。该公司超过一半的客户采用了四种以上的产品，她“对更多客户采用整个平台感到兴奋和鼓舞”。</blockquote></p><p> The company generated revenue of $704 million during the first six months of 2021, while posting a net loss of $235 million. That compares to $344 million in revenue and a net loss of $125 million during the first six months of 2020.</p><p><blockquote>该公司2021年前六个月的收入为7.04亿美元，净亏损为2.35亿美元。相比之下，2020年前六个月的收入为3.44亿美元，净亏损为1.25亿美元。</blockquote></p><p> Asked about the company's approach to the bottom line, Chief Financial Officer Elena Gomez told MarketWatch that the company plans continued investments in its platform. \"At the highest level we have such a massive opportunity that we're going to continue to support customers and invest for growth,\" she said.</p><p><blockquote>当被问及该公司的盈利方法时，首席财务官埃琳娜·戈麦斯(Elena Gomez)告诉MarketWatch，该公司计划继续投资其平台。“在最高层，我们拥有如此巨大的机会，我们将继续支持客户并投资以实现增长，”她说。</blockquote></p><p> One growth aim for Toast is international expansion, according the company's prospectus. Toast currently captures perhaps only 6% of the U.S. market, Gomez said, but the company also sees a \"significant opportunity\" to attract customers in new geographies, Gomez said.</p><p><blockquote>根据该公司的招股说明书，Toast的增长目标之一是国际扩张。戈麦斯表示，Toast目前可能仅占据美国市场6%的份额，但该公司也看到了在新地区吸引客户的“重大机会”。</blockquote></p><p> Toast's debut comes at a time that the Renaissance IPO exchange-traded fund <a href=\"https://laohu8.com/S/IPO.UK\">$(IPO.UK)$</a> has rallied 6.7% over the past three months, while the S&amp;P 500 index has gained 3.7%.</p><p><blockquote>Toast的首次亮相正值Renaissance IPO交易所交易基金之际<a href=\"https://laohu8.com/S/IPO.UK\">$(IPO.UK)$</a>过去三个月上涨了6.7%，而标普500指数上涨了3.7%。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TOST":"Toast, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1185018388","content_text":"(Sept 22) Restaurant-focused tech company stands to be valued at $30 billion based on recent trading.\nToast, Inc.shares popped 56% in their trading debut Wednesday, marking a warm Wall Street welcome for the maker of restaurant-focused software and payment technology.\n\nShares of Toast opened at $65.26, above their initial-public-offering price of $40, which itself came in above a raised expected range of $34 to $36. Toast raised $868 million through the offering and stands to be valued at $31.2 billion based on its recent trading price of $62.50.\nToast has a variety of payment offerings for restaurants, including point-of-sale hardware, team-management tools, and software that enables establishments to take online orders. The company's technology was present in about 48,000 restaurant locations as of the end of June.\nAmong the most popular Toast products are its payment hardware, online tools, and marketing offerings, Chief Financial Officer Elena Gomez told MarketWatch. Over half of the company's customers adopt more than four products and she is \"excited and encouraged that more customers are adopting entirety of the platform.\"\nThe company generated revenue of $704 million during the first six months of 2021, while posting a net loss of $235 million. That compares to $344 million in revenue and a net loss of $125 million during the first six months of 2020.\nAsked about the company's approach to the bottom line, Chief Financial Officer Elena Gomez told MarketWatch that the company plans continued investments in its platform. \"At the highest level we have such a massive opportunity that we're going to continue to support customers and invest for growth,\" she said.\nOne growth aim for Toast is international expansion, according the company's prospectus. Toast currently captures perhaps only 6% of the U.S. market, Gomez said, but the company also sees a \"significant opportunity\" to attract customers in new geographies, Gomez said.\nToast's debut comes at a time that the Renaissance IPO exchange-traded fund $(IPO.UK)$ has rallied 6.7% over the past three months, while the S&P 500 index has gained 3.7%.","news_type":1,"symbols_score_info":{"TOST":0.9}},"isVote":1,"tweetType":1,"viewCount":422,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":882522651,"gmtCreate":1631709830473,"gmtModify":1631885218459,"author":{"id":"3581908140966834","authorId":"3581908140966834","name":"ssky","avatar":"https://static.tigerbbs.com/c557c3de7ee44da7b994d97552ac2735","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581908140966834","idStr":"3581908140966834"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/RBLX\">$Roblox Corporation(RBLX)$</a>bad","listText":"<a href=\"https://laohu8.com/S/RBLX\">$Roblox Corporation(RBLX)$</a>bad","text":"$Roblox Corporation(RBLX)$bad","images":[{"img":"https://static.tigerbbs.com/4604bbca8e73004b58a2558b1acb1ddb","width":"720","height":"1280"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/882522651","isVote":1,"tweetType":1,"viewCount":602,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":830372362,"gmtCreate":1629020518456,"gmtModify":1633687917742,"author":{"id":"3581908140966834","authorId":"3581908140966834","name":"ssky","avatar":"https://static.tigerbbs.com/c557c3de7ee44da7b994d97552ac2735","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581908140966834","idStr":"3581908140966834"},"themes":[],"htmlText":"Go go go","listText":"Go go go","text":"Go go go","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/830372362","repostId":"1127633167","repostType":4,"repost":{"id":"1127633167","kind":"news","pubTimestamp":1628997765,"share":"https://www.laohu8.com/m/news/1127633167?lang=zh_CN&edition=full","pubTime":"2021-08-15 11:22","market":"us","language":"en","title":"These 10 Standout Stocks Could Be the Next Amazon<blockquote>这10只杰出股票可能成为下一个亚马逊</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1127633167","media":"Barrons","summary":"One of the most popular buzzwords in investing today is “compounders.” Growth-oriented investors loo","content":"<p>One of the most popular buzzwords in investing today is “compounders.” Growth-oriented investors looking for the next Amazon.com, Costco Wholesale, Nike, or Visa seek to identify companies capable of generating double-digit compound growth in revenue and earnings—preferably both—for years to come.</p><p><blockquote>当今投资界最流行的流行语之一是“复合者”。寻找下一个亚马逊、Costco Wholesale、Nike或Visa的成长型投资者寻求寻找能够在未来几年实现收入和盈利两位数复合增长（最好是两者兼而有之）的公司。</blockquote></p><p> The idea is that stock prices should compound in line with revenue and profits, enabling investors to generate high returns over a holding period of five to 10 years. The ultimate goal is to find the elusive “10 bagger”—a stock&nbsp;that returns 10 times what you paid for it.</p><p><blockquote>这个想法是，股价应该与收入和利润保持一致，使投资者能够在五到十年的持有期内产生高回报。最终目标是找到难以捉摸的“10 bagger”——一只回报率是你购买价格10倍的股票。</blockquote></p><p> Wall Street analyst notes and client letters from investment pros are replete with compounder references. Many of the next generation of value managers, identified&nbsp;in a&nbsp;<i>Barron’s</i>&nbsp;cover story in May, are seeking such shares, rather than the traditional value fare of cheap stocks.</p><p><blockquote>华尔街分析师的报告和投资专业人士的客户信函中充满了compounder的参考资料。许多下一代价值管理者，在<i>巴伦周刊</i>五月的封面故事，正在寻找这样的股票，而不是传统的廉价股票的价值票价。</blockquote></p><p> Their search has become more challenging, because buyers are paying lofty prices for high-growth stories. Really big winners are scarce. Only about 35 companies in each of a long series of 10-year periods have compounded their stock prices at 20% or more annually, resulting in at least a sixfold increase, according to Durable Capital Partners.</p><p><blockquote>他们的搜索变得更具挑战性，因为买家正在为高增长的故事支付高昂的价格。真正的大赢家很少。Durable Capital Partners的数据显示，在一系列10年期间，只有约35家公司的股价每年复合增长率达到20%或以上，导致股价至少上涨了六倍。</blockquote></p><p> Many investors are happy to stick with large, well-known compounders, such as&nbsp;Alphabet(ticker: GOOGL),Mastercard(MA),UnitedHealth Group(UNH), and&nbsp;Eli Lilly(LLY).</p><p><blockquote>许多投资者很乐意继续投资大型知名复合商，例如Alphabet（股票代码：GOOGL）、万事达卡（MA）、联合健康集团（UNH）和礼来公司（LLY）。</blockquote></p><p> <i>Barron’s</i>&nbsp;sought to identify smaller candidates. We talked to investment managers and came up with an eclectic list of 10 stocks, most with market values under $10 billion. Here are the selections, in alphabetical order:</p><p><blockquote><i>巴伦周刊</i>试图确定较小的候选人。我们与投资经理进行了交谈，并列出了一份包含10只股票的折衷清单，其中大多数股票的市值低于100亿美元。以下是按字母顺序排列的选择：</blockquote></p><p> Strong and Steady Wins the RaceHere are 10 stocks that growth investors have identified as being able to generate consistently high growth in revenues or profits for many years.</p><p><blockquote>强劲而稳定的胜利以下是成长型投资者认为能够多年来持续实现收入或利润高增长的10只股票。</blockquote></p><p> <table>  <thead>   <tr>    <th>Company / Ticker</th>    <th>Recent Price</th>    <th>YTD Change</th>    <th>2021E P/E</th>    <th>2021E Price/Sales</th>    <th>2022E P/E</th>    <th>2022E Price/Sales</th>    <th>LT Growth Rate*</th>    <th>Market Value (bil)</th>    <th>Comment</th>   </tr>  </thead>  <tbody>   <tr>    <td>Amedysis / AMED</td>    <td>$185.15</td>    <td>-37%</td>    <td>30.2</td>    <td>2.7</td>    <td>27.7</td>    <td>2.4</td>    <td>10.5%</td>    <td>$6.3</td>    <td>Leader in home health care</td>   </tr>   <tr>    <td>Amyris / AMRS</td>    <td>13.64</td>    <td>121</td>    <td>NM</td>    <td>10.4</td>    <td>NM</td>    <td>9.7</td>    <td>NA</td>    <td>4.1</td>    <td>Leading company in synthetic biology</td>   </tr>   <tr>    <td>Booz Allen Hamilton Holding / BAH</td>    <td>81.73</td>    <td>-6</td>    <td>19.4</td>    <td>1.3</td>    <td>17.7</td>    <td>1.2</td>    <td>8.6</td>    <td>11.0</td>    <td>Defense-department consultant</td>   </tr>   <tr>    <td>J.B. Hunt Transport Services / JBHT</td>    <td>172.76</td>    <td>26</td>    <td>25.8</td>    <td>1.5</td>    <td>22.2</td>    <td>1.4</td>    <td>18.4</td>    <td>18.2</td>    <td>Strong in intermodal freight</td>   </tr>   <tr>    <td>Marriott Vacations Worldwide / VAC</td>    <td>147.15</td>    <td>7</td>    <td>40.9</td>    <td>1.6</td>    <td>15.7</td>    <td>1.4</td>    <td>NA</td>    <td>6.3</td>    <td>Top company in vacation timeshares</td>   </tr>   <tr>    <td>SiteOne Landscape Supply / SITE</td>    <td>197.10</td>    <td>24</td>    <td>45.7</td>    <td>2.6</td>    <td>43.5</td>    <td>2.5</td>    <td>19.3</td>    <td>8.8</td>    <td>Big supplier of landscaping supplies</td>   </tr>   <tr>    <td>Staar Surgical / STAA</td>    <td>138.19</td>    <td>74</td>    <td>192.3</td>    <td>28.6</td>    <td>140.8</td>    <td>22.5</td>    <td>30.0</td>    <td>6.6</td>    <td>Maker of implantable lens for myopia</td>   </tr>   <tr>    <td>Stitch Fix / SFIX</td>    <td>44.38</td>    <td>-24</td>    <td>NM</td>    <td>1.9</td>    <td>1890.3</td>    <td>1.7</td>    <td>30.0</td>    <td>4.8</td>    <td>Data-driven subscription clothing firm</td>   </tr>   <tr>    <td>Trex / TREX</td>    <td>105.94</td>    <td>27</td>    <td>51.9</td>    <td>10.5</td>    <td>43.6</td>    <td>9.3</td>    <td>18.8</td>    <td>12.2</td>    <td>Top maker of synthetic wood decking</td>   </tr>   <tr>    <td>Upwork / UPWK</td>    <td>44.31</td>    <td>28</td>    <td>NM</td>    <td>11.4</td>    <td>556.8</td>    <td>9.2</td>    <td>NA</td>    <td>5.7</td>    <td>Online clearinghouse for free-lancers</td>   </tr>  </tbody> </table> E=Estimate. BAH estimates are for fiscal years ending March 2022 and March 23. SFIX estimates are for fiscal years ending July 2022 and July 2023. NM=Not Meaningful. NA=Not Available. *The annual EPS growth the company can sustain over the next 3-5 years.</p><p><blockquote><table><thead><tr><th>公司/股票代码</th><th>近期价格</th><th>年初至今变化</th><th>2021年预计市盈率</th><th>2021E价格/销售额</th><th>2022年预计市盈率</th><th>2022E价格/销售额</th><th>LT增长率*</th><th>市值（bil）</th><th>评论</th></tr></thead><tbody><tr><td>Amedysis/AMED</td><td>$185.15</td><td>-37%</td><td>30.2</td><td>2.7</td><td>27.7</td><td>2.4</td><td>10.5%</td><td>$6.3</td><td>家庭医疗保健领域的领导者</td></tr><tr><td>Amyris/AMRS</td><td>13.64</td><td>121</td><td>NM</td><td>10.4</td><td>NM</td><td>9.7</td><td>NA</td><td>4.1</td><td>合成生物学领域的领先公司</td></tr><tr><td>博思艾伦控股/BAH</td><td>81.73</td><td>-6</td><td>19.4</td><td>1.3</td><td>17.7</td><td>1.2</td><td>8.6</td><td>11.0</td><td>国防部顾问</td></tr><tr><td>J.B.亨特运输服务/JBHT</td><td>172.76</td><td>26</td><td>25.8</td><td>1.5</td><td>22.2</td><td>1.4</td><td>18.4</td><td>18.2</td><td>多式联运货运实力强劲</td></tr><tr><td>万豪度假全球/VAC</td><td>147.15</td><td>7</td><td>40.9</td><td>1.6</td><td>15.7</td><td>1.4</td><td>NA</td><td>6.3</td><td>度假分时度假顶级公司</td></tr><tr><td>SiteOne景观供应/站点</td><td>197.10</td><td>24</td><td>45.7</td><td>2.6</td><td>43.5</td><td>2.5</td><td>19.3</td><td>8.8</td><td>园林绿化用品大供应商</td></tr><tr><td>Staar外科/STAA</td><td>138.19</td><td>74</td><td>192.3</td><td>28.6</td><td>140.8</td><td>22.5</td><td>30.0</td><td>6.6</td><td>近视植入式镜片制造商</td></tr><tr><td>缝合固定/SFIX</td><td>44.38</td><td>-24</td><td>NM</td><td>1.9</td><td>1890.3</td><td>1.7</td><td>30.0</td><td>4.8</td><td>数据驱动的订阅服装公司</td></tr><tr><td>Trex/Trex</td><td>105.94</td><td>27</td><td>51.9</td><td>10.5</td><td>43.6</td><td>9.3</td><td>18.8</td><td>12.2</td><td>顶级合成木地板制造商</td></tr><tr><td>Upwork/UPWK</td><td>44.31</td><td>28</td><td>NM</td><td>11.4</td><td>556.8</td><td>9.2</td><td>NA</td><td>5.7</td><td>自由职业者在线信息交换所</td></tr></tbody></table>E=估计值。BAH预估适用于截至2022年3月和3月23日的财年。SFIX预估为截至2022年7月和2023年7月的财年。NM=无意义。NA=不可用。*公司未来3-5年可维持的年度每股收益增长。</blockquote></p><p> Source: FactSet</p><p><blockquote>来源：FactSet</blockquote></p><p> Amedisys(AMED), a provider of home healthcare and hospice services, has a national footprint in a still-fragmented business.</p><p><blockquote>Amedisys(AMED)是一家家庭医疗保健和临终关怀服务提供商，业务仍然分散，业务遍及全国。</blockquote></p><p></p><p> “There is going to be massive consolidation of the industry” predicts Dan Cole, a manager of the Columbia Small-Cap Growth fund. “Healthcare is moving to the home.”</p><p><blockquote>哥伦比亚小盘成长基金经理丹·科尔预测，“该行业将会出现大规模整合”。“医疗保健正在向家庭转移。”</blockquote></p><p> Amedisys stock is up more than tenfold in the past decade. But the shares, around $185, are off nearly 30% after the company recently cut 2021 financial guidance, citing Covid-related staffing and cost issues, mostly in acquired hospice operations. The 2021 earnings estimate is now $6.13 a share, down from nearly $7. The stock trades for 30 times projected 2021 profits. Cole says that the company remains capable of generating 10% annual gains in earnings per share.</p><p><blockquote>Amedisys的股价在过去十年中上涨了十倍多。但该公司最近以与新冠疫情相关的人员配备和成本问题（主要是收购的临终关怀业务）为由，下调了2021年财务指引，股价约为185美元，下跌了近30%。2021年盈利预期目前为每股6.13美元，低于近7美元。该股的交易价格是2021年预计利润的30倍。科尔表示，该公司仍有能力实现每股收益10%的年增长。</blockquote></p><p> Amyris(AMRS) is a leader in synthetic biology. It fans say its opportunity is to supplant, in an eco-friendly way, a range of products now made from petrochemicals, animals, and plants.</p><p><blockquote>Amyris(AMRS)是合成生物学领域的领导者。它的粉丝们说，它的机会是以一种环保的方式取代一系列现在由石化产品、动物和植物制成的产品。</blockquote></p><p> Using genetically re-engineered yeast and sugar cane, Amyris produces such things as squalane, a high-end moisturizer formerly made from shark livers; vanillin, the flavoring for vanilla; and a no-calorie sweetener normally derived from plants. The stock trades around $13.</p><p><blockquote>Amyris使用基因改造的酵母和甘蔗生产角鲨烷等产品，这是一种以前由鲨鱼肝制成的高端保湿剂；香草醛，香草的调味料；和通常来源于植物的无热量甜味剂。该股交易价格约为13美元。</blockquote></p><p> <i>Barron’s</i>&nbsp;wrote&nbsp;favorably on the company in July. Amyris sees sales reaching $2 billion by 2025, up from an estimated $400 million this year, driven by its consumer brands.</p><p><blockquote><i>巴伦周刊</i>7月份对该公司进行了好评。Amyris预计，在其消费品牌的推动下，到2025年销售额将达到20亿美元，高于今年预计的4亿美元。</blockquote></p><p> “The world needs clean chemistry, and Amyris is the point on the spear to create it,” says Randy Baron, a portfolio manager at Pinnacle Associates, which owns Amyris shares. He thinks they could hit $75 by the end of 2022.</p><p><blockquote>拥有Amyris股票的Pinnacle Associates的投资组合经理兰迪·巴伦(Randy Baron)表示：“世界需要清洁化学，而Amyris是创造清洁化学的关键。”他认为到2022年底它们可能会达到75美元。</blockquote></p><p> Booz Allen Hamilton Holding(BAH) is an important consultant to the Defense Department and other agencies. The U.S. government accounted for 97% of its revenue in its latest fiscal year. Booz Allen has built robust ties to the government over the years by providing an array of services, like cybersecurity. Its stock trades around $81, for a 1.8% yield.</p><p><blockquote>博思艾伦控股公司（BAH）是国防部和其他机构的重要顾问。美国政府最近一财年的收入占其收入的97%。多年来，博思艾伦通过提供网络安全等一系列服务与政府建立了牢固的关系。其股价约为81美元，收益率为1.8%。</blockquote></p><p> “It has built a strong, partnership-like culture and has a long record of steady growth,” says Josh Spencer, manager of the T. Rowe Price New Horizons fund. He sees Booz Allen as capable of generating 9% to 10% annual growth in revenue and yearly gains of 15% to 16% in earnings, in line with its historical performance. The stock is off 20% from its peak of $100, amid concerns about more restrained military spending. Spencer sees the pullback as a buying opportunity, with the stock valued at less than 20 times earnings.</p><p><blockquote>T.Rowe Price New Horizons基金经理乔什·斯宾塞(Josh Spencer)表示：“它建立了强大的、类似伙伴关系的文化，并拥有长期稳定增长的记录。”他认为博思艾伦有能力实现9%至10%的收入年增长率和15%至16%的盈利年增长率，与其历史表现一致。由于担心军费开支更加克制，该股较100美元的峰值下跌了20%。斯宾塞将回调视为买入机会，该股的市盈率不到20倍。</blockquote></p><p> J.B. Hunt Transport Services(JBHT) is a leader in intermodal freight, which involves the fuel-efficient movement of trucks over rail lines. It has been one of the most successful trucking companies. Its stock has risen 30-fold over the past 20 years, to a recent $173. “It has an incredible franchise,” says Henry Ellenbogen, chief investment officer at Durable Capital Partners and a member of the&nbsp;Barron’s Roundtable.</p><p><blockquote>J.B.亨特运输服务公司(JBHT)是多式联运货运领域的领导者，该领域涉及卡车在铁路线上的省油运输。它是最成功的卡车运输公司之一。其股价在过去20年中上涨了30倍，最近达到173美元。“它拥有令人难以置信的特许经营权，”Durable Capital Partners首席投资官、《巴伦周刊》圆桌会议成员亨利·埃伦博根(Henry Ellenbogen)表示。</blockquote></p><p> J.B. Hunt’s relationship with the Burlington Northern Santa Fe railroad gives it a strong position in intermodal freight, he notes. J.B. Hunt also has a growing business taking over the trucking operations of smaller companies. And it is involved in digital freight brokerage—matching truckers with shipping customers.</p><p><blockquote>J.B.他指出，亨特与伯灵顿北圣达菲铁路公司的关系使其在多式联运货运领域拥有强大的地位。J.B.亨特的业务也在不断增长，接管了小公司的卡车运输业务。它还参与数字货运经纪业务——为卡车司机和航运客户牵线搭桥。</blockquote></p><p> Ellenbogen says the stock is reasonable at 22 times estimated 2022 profits, given a mid-teens annual growth outlook for earnings.</p><p><blockquote>Ellenbogen表示，考虑到盈利年增长率为十几岁左右，该股2022年预计利润的22倍是合理的。</blockquote></p><p> Marriott Vacations Worldwide(VAC) is one of the top companies in the timeshare industry. It has 700,000 owners, a resilient business model with significant revenue from fees, and more exposure than its peers to luxury properties in places including Hawaii and Orlando, Fla.</p><p><blockquote>万豪度假全球（VAC）是分时度假行业的顶级公司之一。它拥有700,000名业主，拥有富有弹性的商业模式，从费用中获得可观的收入，并且比同行更多地接触夏威夷和佛罗里达州奥兰多等地的豪华房产。</blockquote></p><p> “It has the best customer base, with the highest spending and an impeccable balance sheet,” says David Baron, a manager of the Baron Focused Growth fund. Marriott Vacations, whose shares recently were trading around $145, should reinstate its dividend later this year, he adds.</p><p><blockquote>Baron Focused Growth基金经理David Baron表示：“它拥有最好的客户群、最高的支出和无可挑剔的资产负债表。”他补充道，万豪度假公司的股价最近约为145美元，应该会在今年晚些时候恢复股息。</blockquote></p><p> The shares, Baron argues, are cheap at a 11% free-cash-flow yield, based on 2022 estimates. He says that the stock, little changed since 2018, could produce 20% annual returns for shareholders in the coming years.</p><p><blockquote>Baron认为，根据2022年的预测，该股的自由现金流收益率为11%，价格低廉。他表示，该股自2018年以来几乎没有变化，未来几年可能为股东带来20%的年回报率。</blockquote></p><p> SiteOne Landscape Supply(SITE) is the country’s top supplier of landscaping products, with ample opportunity to expand, given that it has just a 13% market share in a highly fragmented industry.</p><p><blockquote>SiteOne Landscape Supply(SITE)是该国最大的景观美化产品供应商，鉴于其在高度分散的行业中仅占13%的市场份额，因此有充足的扩张机会。</blockquote></p><p> “It’s growing organically and has lots of acquisition opportunities,” says Columbia’s Cole, who considers the company to be capable of 10% to 15% annual revenue growth.</p><p><blockquote>哥伦比亚大学的科尔表示：“它正在有机增长，并且有很多收购机会。”他认为该公司的年收入有能力增长10%至15%。</blockquote></p><p> The stock, around $197, has a rich valuation, trading for 43 times projected 2022 earnings of $4.54 a share.</p><p><blockquote>该股股价约为197美元，估值很高，交易价格是2022年预计每股收益4.54美元的43倍。</blockquote></p><p> Staar Surgical(STAA) has developed an implantable lens to correct myopia (nearsightedness). That addresses a potentially huge market, given the rising global incidence of that vision problem. The company expects the lens, which has been available in Europe and Asia for at least five years, to be on the U.S. market in the fourth quarter, pending Food and Drug Administration approval.</p><p><blockquote>Staar外科公司（STAA）开发了一种可植入晶状体来矫正近视（近视）。鉴于全球视力问题的发病率不断上升，这解决了一个潜在的巨大市场。该公司预计，这款镜片已在欧洲和亚洲上市至少五年，将于第四季度进入美国市场，等待美国食品和药物管理局的批准。</blockquote></p><p></p><p> “It could do substantial volumes,’’ says Doug Brodie, a global manager at Baillie Gifford. “It’s early in a journey and is largely devoid of competition.”</p><p><blockquote>Baillie Gifford全球经理道格·布罗迪(Doug Brodie)表示：“它的销量可能会很大。它还处于起步阶段，基本上没有竞争。”</blockquote></p><p> Lenses for both eyes can be implanted in less than an hour, and they don’t involve the removal of the natural lenses. The wholesale cost in the U.S. could be around $1,000 per lens.</p><p><blockquote>双眼的晶状体可以在不到一个小时内植入，而且不需要移除天然晶状体。在美国，每个镜片的批发成本可能在1000美元左右。</blockquote></p><p> At a recent $138, Staar shares are richly valued at more than 20 times projected 2022 sales and 140 times estimated 2022 earnings. But the market opportunity is enormous: Some five billion people worldwide could have myopia by 2050.</p><p><blockquote>Staar股价最近为138美元，其估值超过2022年预计销售额的20倍，是2022年预计收益的140倍。但市场机会是巨大的：到2050年，全球约有50亿人可能患有近视。</blockquote></p><p> Stitch Fix(SFIX) has developed a subscription service for clothing, shoes, and other accessories and boasts over four million customers.</p><p><blockquote>Stitch Fix(SFIX)开发了服装、鞋子和其他配饰的订阅服务，拥有超过400万客户。</blockquote></p><p> “This could be the Nordstrom of the future,” says Mario Cibelli, chief investment officer at Marathon Partners Equity Management, a Stitch Fix holder. “This a potentially huge market and nobody is addressing it in the same way.” Using a staff of 6,000 personal stylists and lots of data, Stitch Fix seeks to identify subscriber tastes to generate high satisfaction and limit returns on packages sent at intervals and determined by subscribers.</p><p><blockquote>“这可能是未来的诺德斯特龙，”Stitch Fix持有者Marathon Partners Equity Management首席投资官马里奥·西贝利(Mario Cibelli)表示。“这是一个潜在的巨大市场，没有人以同样的方式解决这个问题。”Stitch Fix利用6000名个人造型师和大量数据，试图确定订户的品味，以产生高满意度，并限制每隔一段时间发送并由订户决定的包裹的回报。</blockquote></p><p> Its shares, around $44, are down 60% from their level earlier in the year, on investors’ worries about potential churn and the business’s ultimate profitability.</p><p><blockquote>由于投资者对潜在客户流失和业务最终盈利能力的担忧，其股价约为44美元，较今年早些时候的水平下跌了60%。</blockquote></p><p> Yet Cibelli sees revenue growth of 20%-plus annually, opportunities outside its current U.S. and U.K. markets, and a potentially very profitable business in two to three years.</p><p><blockquote>然而，Cibelli预计收入每年将增长20%以上，在当前美国和英国市场之外还有机会，并且在两到三年内业务可能会非常有利可图。</blockquote></p><p> Trex(TREX) is the top producer of a high-end wood alternative for decks that comes from 95% recycled material, making it an eco-friendly housing play. The shares, at $105, trade for 43 times projected 2022 earnings.</p><p><blockquote>Trex(TREX)是甲板高端木材替代品的顶级生产商，其95%来自回收材料，使其成为一种环保的住房。该股股价为105美元，是2022年预计市盈率的43倍。</blockquote></p><p> T. Rowe Price’s Spencer views Trex as worth the price, based on his view that it can generate sustainable annual revenue growth of 15% to 20%. Earnings are expected to climb by about 20% in 2022 and at a similar pace in the following years. “If you roll the clock forward three years, it doesn’t look as expensive,” he says.</p><p><blockquote>T.Rowe Price的Spencer认为Trex物有所值，因为他认为它可以产生15%至20%的可持续年收入增长。预计2022年盈利将增长约20%，并在接下来的几年中以类似的速度增长。“如果你把时间拨快三年，它看起来并没有那么贵，”他说。</blockquote></p><p> Upwork(UPWK), an online marketplace for freelance workers, is favored by Baillie Gifford’s Brodie, who says it offers a play on the greater acceptance of freelancers by businesses.</p><p><blockquote>Upwork(UPWK)是一个面向自由职业者的在线市场，受到Baillie Gifford的Brodie的青睐，他表示，它可以让企业更好地接受自由职业者。</blockquote></p><p> The shares, recently around $44, aren’t cheap. Upwork is valued at $5.7 billion, or more than 10 times this year’s projected sales of nearly $500 million. It operates at a slight loss.</p><p><blockquote>该股最近约为44美元，并不便宜。Upwork的估值为57亿美元，是今年预计销售额近5亿美元的10倍以上。它的运营略有亏损。</blockquote></p><p> The investment case is about rapid sales growth leading to ample earnings. Sales are expected to rise by 30%-plus this year and 25% for 2022.</p><p><blockquote>投资案例是关于快速销售增长带来丰厚收益。预计今年销售额将增长30%以上，2022年将增长25%。</blockquote></p><p> “Freelancers are more accepted by small to midsize business, but they’ve been frowned on by the HR departments at large businesses,” Brodie says. Upwork aims to change that perception by vetting its freelancers and by offering thousands of skill sets. “Upwork could become a trusted partner for an increasing number of enterprise-grade partners,” he says.</p><p><blockquote>“自由职业者更容易被中小型企业接受，但大型企业的人力资源部门却不喜欢他们，”布罗迪说。Upwork旨在通过审查自由职业者和提供数千种技能来改变这种看法。“Upwork可以成为越来越多企业级合作伙伴值得信赖的合作伙伴，”他说。</blockquote></p><p></p>","source":"lsy1601382232898","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>These 10 Standout Stocks Could Be the Next Amazon<blockquote>这10只杰出股票可能成为下一个亚马逊</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\">\nThese 10 Standout Stocks Could Be the Next Amazon<blockquote>这10只杰出股票可能成为下一个亚马逊</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-08-15 11:22</span>\n</p>\n</h4>\n</header>\n<article>\n<p>One of the most popular buzzwords in investing today is “compounders.” Growth-oriented investors looking for the next Amazon.com, Costco Wholesale, Nike, or Visa seek to identify companies capable of generating double-digit compound growth in revenue and earnings—preferably both—for years to come.</p><p><blockquote>当今投资界最流行的流行语之一是“复合者”。寻找下一个亚马逊、Costco Wholesale、Nike或Visa的成长型投资者寻求寻找能够在未来几年实现收入和盈利两位数复合增长（最好是两者兼而有之）的公司。</blockquote></p><p> The idea is that stock prices should compound in line with revenue and profits, enabling investors to generate high returns over a holding period of five to 10 years. The ultimate goal is to find the elusive “10 bagger”—a stock&nbsp;that returns 10 times what you paid for it.</p><p><blockquote>这个想法是，股价应该与收入和利润保持一致，使投资者能够在五到十年的持有期内产生高回报。最终目标是找到难以捉摸的“10 bagger”——一只回报率是你购买价格10倍的股票。</blockquote></p><p> Wall Street analyst notes and client letters from investment pros are replete with compounder references. Many of the next generation of value managers, identified&nbsp;in a&nbsp;<i>Barron’s</i>&nbsp;cover story in May, are seeking such shares, rather than the traditional value fare of cheap stocks.</p><p><blockquote>华尔街分析师的报告和投资专业人士的客户信函中充满了compounder的参考资料。许多下一代价值管理者，在<i>巴伦周刊</i>五月的封面故事，正在寻找这样的股票，而不是传统的廉价股票的价值票价。</blockquote></p><p> Their search has become more challenging, because buyers are paying lofty prices for high-growth stories. Really big winners are scarce. Only about 35 companies in each of a long series of 10-year periods have compounded their stock prices at 20% or more annually, resulting in at least a sixfold increase, according to Durable Capital Partners.</p><p><blockquote>他们的搜索变得更具挑战性，因为买家正在为高增长的故事支付高昂的价格。真正的大赢家很少。Durable Capital Partners的数据显示，在一系列10年期间，只有约35家公司的股价每年复合增长率达到20%或以上，导致股价至少上涨了六倍。</blockquote></p><p> Many investors are happy to stick with large, well-known compounders, such as&nbsp;Alphabet(ticker: GOOGL),Mastercard(MA),UnitedHealth Group(UNH), and&nbsp;Eli Lilly(LLY).</p><p><blockquote>许多投资者很乐意继续投资大型知名复合商，例如Alphabet（股票代码：GOOGL）、万事达卡（MA）、联合健康集团（UNH）和礼来公司（LLY）。</blockquote></p><p> <i>Barron’s</i>&nbsp;sought to identify smaller candidates. We talked to investment managers and came up with an eclectic list of 10 stocks, most with market values under $10 billion. Here are the selections, in alphabetical order:</p><p><blockquote><i>巴伦周刊</i>试图确定较小的候选人。我们与投资经理进行了交谈，并列出了一份包含10只股票的折衷清单，其中大多数股票的市值低于100亿美元。以下是按字母顺序排列的选择：</blockquote></p><p> Strong and Steady Wins the RaceHere are 10 stocks that growth investors have identified as being able to generate consistently high growth in revenues or profits for many years.</p><p><blockquote>强劲而稳定的胜利以下是成长型投资者认为能够多年来持续实现收入或利润高增长的10只股票。</blockquote></p><p> <table>  <thead>   <tr>    <th>Company / Ticker</th>    <th>Recent Price</th>    <th>YTD Change</th>    <th>2021E P/E</th>    <th>2021E Price/Sales</th>    <th>2022E P/E</th>    <th>2022E Price/Sales</th>    <th>LT Growth Rate*</th>    <th>Market Value (bil)</th>    <th>Comment</th>   </tr>  </thead>  <tbody>   <tr>    <td>Amedysis / AMED</td>    <td>$185.15</td>    <td>-37%</td>    <td>30.2</td>    <td>2.7</td>    <td>27.7</td>    <td>2.4</td>    <td>10.5%</td>    <td>$6.3</td>    <td>Leader in home health care</td>   </tr>   <tr>    <td>Amyris / AMRS</td>    <td>13.64</td>    <td>121</td>    <td>NM</td>    <td>10.4</td>    <td>NM</td>    <td>9.7</td>    <td>NA</td>    <td>4.1</td>    <td>Leading company in synthetic biology</td>   </tr>   <tr>    <td>Booz Allen Hamilton Holding / BAH</td>    <td>81.73</td>    <td>-6</td>    <td>19.4</td>    <td>1.3</td>    <td>17.7</td>    <td>1.2</td>    <td>8.6</td>    <td>11.0</td>    <td>Defense-department consultant</td>   </tr>   <tr>    <td>J.B. Hunt Transport Services / JBHT</td>    <td>172.76</td>    <td>26</td>    <td>25.8</td>    <td>1.5</td>    <td>22.2</td>    <td>1.4</td>    <td>18.4</td>    <td>18.2</td>    <td>Strong in intermodal freight</td>   </tr>   <tr>    <td>Marriott Vacations Worldwide / VAC</td>    <td>147.15</td>    <td>7</td>    <td>40.9</td>    <td>1.6</td>    <td>15.7</td>    <td>1.4</td>    <td>NA</td>    <td>6.3</td>    <td>Top company in vacation timeshares</td>   </tr>   <tr>    <td>SiteOne Landscape Supply / SITE</td>    <td>197.10</td>    <td>24</td>    <td>45.7</td>    <td>2.6</td>    <td>43.5</td>    <td>2.5</td>    <td>19.3</td>    <td>8.8</td>    <td>Big supplier of landscaping supplies</td>   </tr>   <tr>    <td>Staar Surgical / STAA</td>    <td>138.19</td>    <td>74</td>    <td>192.3</td>    <td>28.6</td>    <td>140.8</td>    <td>22.5</td>    <td>30.0</td>    <td>6.6</td>    <td>Maker of implantable lens for myopia</td>   </tr>   <tr>    <td>Stitch Fix / SFIX</td>    <td>44.38</td>    <td>-24</td>    <td>NM</td>    <td>1.9</td>    <td>1890.3</td>    <td>1.7</td>    <td>30.0</td>    <td>4.8</td>    <td>Data-driven subscription clothing firm</td>   </tr>   <tr>    <td>Trex / TREX</td>    <td>105.94</td>    <td>27</td>    <td>51.9</td>    <td>10.5</td>    <td>43.6</td>    <td>9.3</td>    <td>18.8</td>    <td>12.2</td>    <td>Top maker of synthetic wood decking</td>   </tr>   <tr>    <td>Upwork / UPWK</td>    <td>44.31</td>    <td>28</td>    <td>NM</td>    <td>11.4</td>    <td>556.8</td>    <td>9.2</td>    <td>NA</td>    <td>5.7</td>    <td>Online clearinghouse for free-lancers</td>   </tr>  </tbody> </table> E=Estimate. BAH estimates are for fiscal years ending March 2022 and March 23. SFIX estimates are for fiscal years ending July 2022 and July 2023. NM=Not Meaningful. NA=Not Available. *The annual EPS growth the company can sustain over the next 3-5 years.</p><p><blockquote><table><thead><tr><th>公司/股票代码</th><th>近期价格</th><th>年初至今变化</th><th>2021年预计市盈率</th><th>2021E价格/销售额</th><th>2022年预计市盈率</th><th>2022E价格/销售额</th><th>LT增长率*</th><th>市值（bil）</th><th>评论</th></tr></thead><tbody><tr><td>Amedysis/AMED</td><td>$185.15</td><td>-37%</td><td>30.2</td><td>2.7</td><td>27.7</td><td>2.4</td><td>10.5%</td><td>$6.3</td><td>家庭医疗保健领域的领导者</td></tr><tr><td>Amyris/AMRS</td><td>13.64</td><td>121</td><td>NM</td><td>10.4</td><td>NM</td><td>9.7</td><td>NA</td><td>4.1</td><td>合成生物学领域的领先公司</td></tr><tr><td>博思艾伦控股/BAH</td><td>81.73</td><td>-6</td><td>19.4</td><td>1.3</td><td>17.7</td><td>1.2</td><td>8.6</td><td>11.0</td><td>国防部顾问</td></tr><tr><td>J.B.亨特运输服务/JBHT</td><td>172.76</td><td>26</td><td>25.8</td><td>1.5</td><td>22.2</td><td>1.4</td><td>18.4</td><td>18.2</td><td>多式联运货运实力强劲</td></tr><tr><td>万豪度假全球/VAC</td><td>147.15</td><td>7</td><td>40.9</td><td>1.6</td><td>15.7</td><td>1.4</td><td>NA</td><td>6.3</td><td>度假分时度假顶级公司</td></tr><tr><td>SiteOne景观供应/站点</td><td>197.10</td><td>24</td><td>45.7</td><td>2.6</td><td>43.5</td><td>2.5</td><td>19.3</td><td>8.8</td><td>园林绿化用品大供应商</td></tr><tr><td>Staar外科/STAA</td><td>138.19</td><td>74</td><td>192.3</td><td>28.6</td><td>140.8</td><td>22.5</td><td>30.0</td><td>6.6</td><td>近视植入式镜片制造商</td></tr><tr><td>缝合固定/SFIX</td><td>44.38</td><td>-24</td><td>NM</td><td>1.9</td><td>1890.3</td><td>1.7</td><td>30.0</td><td>4.8</td><td>数据驱动的订阅服装公司</td></tr><tr><td>Trex/Trex</td><td>105.94</td><td>27</td><td>51.9</td><td>10.5</td><td>43.6</td><td>9.3</td><td>18.8</td><td>12.2</td><td>顶级合成木地板制造商</td></tr><tr><td>Upwork/UPWK</td><td>44.31</td><td>28</td><td>NM</td><td>11.4</td><td>556.8</td><td>9.2</td><td>NA</td><td>5.7</td><td>自由职业者在线信息交换所</td></tr></tbody></table>E=估计值。BAH预估适用于截至2022年3月和3月23日的财年。SFIX预估为截至2022年7月和2023年7月的财年。NM=无意义。NA=不可用。*公司未来3-5年可维持的年度每股收益增长。</blockquote></p><p> Source: FactSet</p><p><blockquote>来源：FactSet</blockquote></p><p> Amedisys(AMED), a provider of home healthcare and hospice services, has a national footprint in a still-fragmented business.</p><p><blockquote>Amedisys(AMED)是一家家庭医疗保健和临终关怀服务提供商，业务仍然分散，业务遍及全国。</blockquote></p><p></p><p> “There is going to be massive consolidation of the industry” predicts Dan Cole, a manager of the Columbia Small-Cap Growth fund. “Healthcare is moving to the home.”</p><p><blockquote>哥伦比亚小盘成长基金经理丹·科尔预测，“该行业将会出现大规模整合”。“医疗保健正在向家庭转移。”</blockquote></p><p> Amedisys stock is up more than tenfold in the past decade. But the shares, around $185, are off nearly 30% after the company recently cut 2021 financial guidance, citing Covid-related staffing and cost issues, mostly in acquired hospice operations. The 2021 earnings estimate is now $6.13 a share, down from nearly $7. The stock trades for 30 times projected 2021 profits. Cole says that the company remains capable of generating 10% annual gains in earnings per share.</p><p><blockquote>Amedisys的股价在过去十年中上涨了十倍多。但该公司最近以与新冠疫情相关的人员配备和成本问题（主要是收购的临终关怀业务）为由，下调了2021年财务指引，股价约为185美元，下跌了近30%。2021年盈利预期目前为每股6.13美元，低于近7美元。该股的交易价格是2021年预计利润的30倍。科尔表示，该公司仍有能力实现每股收益10%的年增长。</blockquote></p><p> Amyris(AMRS) is a leader in synthetic biology. It fans say its opportunity is to supplant, in an eco-friendly way, a range of products now made from petrochemicals, animals, and plants.</p><p><blockquote>Amyris(AMRS)是合成生物学领域的领导者。它的粉丝们说，它的机会是以一种环保的方式取代一系列现在由石化产品、动物和植物制成的产品。</blockquote></p><p> Using genetically re-engineered yeast and sugar cane, Amyris produces such things as squalane, a high-end moisturizer formerly made from shark livers; vanillin, the flavoring for vanilla; and a no-calorie sweetener normally derived from plants. The stock trades around $13.</p><p><blockquote>Amyris使用基因改造的酵母和甘蔗生产角鲨烷等产品，这是一种以前由鲨鱼肝制成的高端保湿剂；香草醛，香草的调味料；和通常来源于植物的无热量甜味剂。该股交易价格约为13美元。</blockquote></p><p> <i>Barron’s</i>&nbsp;wrote&nbsp;favorably on the company in July. Amyris sees sales reaching $2 billion by 2025, up from an estimated $400 million this year, driven by its consumer brands.</p><p><blockquote><i>巴伦周刊</i>7月份对该公司进行了好评。Amyris预计，在其消费品牌的推动下，到2025年销售额将达到20亿美元，高于今年预计的4亿美元。</blockquote></p><p> “The world needs clean chemistry, and Amyris is the point on the spear to create it,” says Randy Baron, a portfolio manager at Pinnacle Associates, which owns Amyris shares. He thinks they could hit $75 by the end of 2022.</p><p><blockquote>拥有Amyris股票的Pinnacle Associates的投资组合经理兰迪·巴伦(Randy Baron)表示：“世界需要清洁化学，而Amyris是创造清洁化学的关键。”他认为到2022年底它们可能会达到75美元。</blockquote></p><p> Booz Allen Hamilton Holding(BAH) is an important consultant to the Defense Department and other agencies. The U.S. government accounted for 97% of its revenue in its latest fiscal year. Booz Allen has built robust ties to the government over the years by providing an array of services, like cybersecurity. Its stock trades around $81, for a 1.8% yield.</p><p><blockquote>博思艾伦控股公司（BAH）是国防部和其他机构的重要顾问。美国政府最近一财年的收入占其收入的97%。多年来，博思艾伦通过提供网络安全等一系列服务与政府建立了牢固的关系。其股价约为81美元，收益率为1.8%。</blockquote></p><p> “It has built a strong, partnership-like culture and has a long record of steady growth,” says Josh Spencer, manager of the T. Rowe Price New Horizons fund. He sees Booz Allen as capable of generating 9% to 10% annual growth in revenue and yearly gains of 15% to 16% in earnings, in line with its historical performance. The stock is off 20% from its peak of $100, amid concerns about more restrained military spending. Spencer sees the pullback as a buying opportunity, with the stock valued at less than 20 times earnings.</p><p><blockquote>T.Rowe Price New Horizons基金经理乔什·斯宾塞(Josh Spencer)表示：“它建立了强大的、类似伙伴关系的文化，并拥有长期稳定增长的记录。”他认为博思艾伦有能力实现9%至10%的收入年增长率和15%至16%的盈利年增长率，与其历史表现一致。由于担心军费开支更加克制，该股较100美元的峰值下跌了20%。斯宾塞将回调视为买入机会，该股的市盈率不到20倍。</blockquote></p><p> J.B. Hunt Transport Services(JBHT) is a leader in intermodal freight, which involves the fuel-efficient movement of trucks over rail lines. It has been one of the most successful trucking companies. Its stock has risen 30-fold over the past 20 years, to a recent $173. “It has an incredible franchise,” says Henry Ellenbogen, chief investment officer at Durable Capital Partners and a member of the&nbsp;Barron’s Roundtable.</p><p><blockquote>J.B.亨特运输服务公司(JBHT)是多式联运货运领域的领导者，该领域涉及卡车在铁路线上的省油运输。它是最成功的卡车运输公司之一。其股价在过去20年中上涨了30倍，最近达到173美元。“它拥有令人难以置信的特许经营权，”Durable Capital Partners首席投资官、《巴伦周刊》圆桌会议成员亨利·埃伦博根(Henry Ellenbogen)表示。</blockquote></p><p> J.B. Hunt’s relationship with the Burlington Northern Santa Fe railroad gives it a strong position in intermodal freight, he notes. J.B. Hunt also has a growing business taking over the trucking operations of smaller companies. And it is involved in digital freight brokerage—matching truckers with shipping customers.</p><p><blockquote>J.B.他指出，亨特与伯灵顿北圣达菲铁路公司的关系使其在多式联运货运领域拥有强大的地位。J.B.亨特的业务也在不断增长，接管了小公司的卡车运输业务。它还参与数字货运经纪业务——为卡车司机和航运客户牵线搭桥。</blockquote></p><p> Ellenbogen says the stock is reasonable at 22 times estimated 2022 profits, given a mid-teens annual growth outlook for earnings.</p><p><blockquote>Ellenbogen表示，考虑到盈利年增长率为十几岁左右，该股2022年预计利润的22倍是合理的。</blockquote></p><p> Marriott Vacations Worldwide(VAC) is one of the top companies in the timeshare industry. It has 700,000 owners, a resilient business model with significant revenue from fees, and more exposure than its peers to luxury properties in places including Hawaii and Orlando, Fla.</p><p><blockquote>万豪度假全球（VAC）是分时度假行业的顶级公司之一。它拥有700,000名业主，拥有富有弹性的商业模式，从费用中获得可观的收入，并且比同行更多地接触夏威夷和佛罗里达州奥兰多等地的豪华房产。</blockquote></p><p> “It has the best customer base, with the highest spending and an impeccable balance sheet,” says David Baron, a manager of the Baron Focused Growth fund. Marriott Vacations, whose shares recently were trading around $145, should reinstate its dividend later this year, he adds.</p><p><blockquote>Baron Focused Growth基金经理David Baron表示：“它拥有最好的客户群、最高的支出和无可挑剔的资产负债表。”他补充道，万豪度假公司的股价最近约为145美元，应该会在今年晚些时候恢复股息。</blockquote></p><p> The shares, Baron argues, are cheap at a 11% free-cash-flow yield, based on 2022 estimates. He says that the stock, little changed since 2018, could produce 20% annual returns for shareholders in the coming years.</p><p><blockquote>Baron认为，根据2022年的预测，该股的自由现金流收益率为11%，价格低廉。他表示，该股自2018年以来几乎没有变化，未来几年可能为股东带来20%的年回报率。</blockquote></p><p> SiteOne Landscape Supply(SITE) is the country’s top supplier of landscaping products, with ample opportunity to expand, given that it has just a 13% market share in a highly fragmented industry.</p><p><blockquote>SiteOne Landscape Supply(SITE)是该国最大的景观美化产品供应商，鉴于其在高度分散的行业中仅占13%的市场份额，因此有充足的扩张机会。</blockquote></p><p> “It’s growing organically and has lots of acquisition opportunities,” says Columbia’s Cole, who considers the company to be capable of 10% to 15% annual revenue growth.</p><p><blockquote>哥伦比亚大学的科尔表示：“它正在有机增长，并且有很多收购机会。”他认为该公司的年收入有能力增长10%至15%。</blockquote></p><p> The stock, around $197, has a rich valuation, trading for 43 times projected 2022 earnings of $4.54 a share.</p><p><blockquote>该股股价约为197美元，估值很高，交易价格是2022年预计每股收益4.54美元的43倍。</blockquote></p><p> Staar Surgical(STAA) has developed an implantable lens to correct myopia (nearsightedness). That addresses a potentially huge market, given the rising global incidence of that vision problem. The company expects the lens, which has been available in Europe and Asia for at least five years, to be on the U.S. market in the fourth quarter, pending Food and Drug Administration approval.</p><p><blockquote>Staar外科公司（STAA）开发了一种可植入晶状体来矫正近视（近视）。鉴于全球视力问题的发病率不断上升，这解决了一个潜在的巨大市场。该公司预计，这款镜片已在欧洲和亚洲上市至少五年，将于第四季度进入美国市场，等待美国食品和药物管理局的批准。</blockquote></p><p></p><p> “It could do substantial volumes,’’ says Doug Brodie, a global manager at Baillie Gifford. “It’s early in a journey and is largely devoid of competition.”</p><p><blockquote>Baillie Gifford全球经理道格·布罗迪(Doug Brodie)表示：“它的销量可能会很大。它还处于起步阶段，基本上没有竞争。”</blockquote></p><p> Lenses for both eyes can be implanted in less than an hour, and they don’t involve the removal of the natural lenses. The wholesale cost in the U.S. could be around $1,000 per lens.</p><p><blockquote>双眼的晶状体可以在不到一个小时内植入，而且不需要移除天然晶状体。在美国，每个镜片的批发成本可能在1000美元左右。</blockquote></p><p> At a recent $138, Staar shares are richly valued at more than 20 times projected 2022 sales and 140 times estimated 2022 earnings. But the market opportunity is enormous: Some five billion people worldwide could have myopia by 2050.</p><p><blockquote>Staar股价最近为138美元，其估值超过2022年预计销售额的20倍，是2022年预计收益的140倍。但市场机会是巨大的：到2050年，全球约有50亿人可能患有近视。</blockquote></p><p> Stitch Fix(SFIX) has developed a subscription service for clothing, shoes, and other accessories and boasts over four million customers.</p><p><blockquote>Stitch Fix(SFIX)开发了服装、鞋子和其他配饰的订阅服务，拥有超过400万客户。</blockquote></p><p> “This could be the Nordstrom of the future,” says Mario Cibelli, chief investment officer at Marathon Partners Equity Management, a Stitch Fix holder. “This a potentially huge market and nobody is addressing it in the same way.” Using a staff of 6,000 personal stylists and lots of data, Stitch Fix seeks to identify subscriber tastes to generate high satisfaction and limit returns on packages sent at intervals and determined by subscribers.</p><p><blockquote>“这可能是未来的诺德斯特龙，”Stitch Fix持有者Marathon Partners Equity Management首席投资官马里奥·西贝利(Mario Cibelli)表示。“这是一个潜在的巨大市场，没有人以同样的方式解决这个问题。”Stitch Fix利用6000名个人造型师和大量数据，试图确定订户的品味，以产生高满意度，并限制每隔一段时间发送并由订户决定的包裹的回报。</blockquote></p><p> Its shares, around $44, are down 60% from their level earlier in the year, on investors’ worries about potential churn and the business’s ultimate profitability.</p><p><blockquote>由于投资者对潜在客户流失和业务最终盈利能力的担忧，其股价约为44美元，较今年早些时候的水平下跌了60%。</blockquote></p><p> Yet Cibelli sees revenue growth of 20%-plus annually, opportunities outside its current U.S. and U.K. markets, and a potentially very profitable business in two to three years.</p><p><blockquote>然而，Cibelli预计收入每年将增长20%以上，在当前美国和英国市场之外还有机会，并且在两到三年内业务可能会非常有利可图。</blockquote></p><p> Trex(TREX) is the top producer of a high-end wood alternative for decks that comes from 95% recycled material, making it an eco-friendly housing play. The shares, at $105, trade for 43 times projected 2022 earnings.</p><p><blockquote>Trex(TREX)是甲板高端木材替代品的顶级生产商，其95%来自回收材料，使其成为一种环保的住房。该股股价为105美元，是2022年预计市盈率的43倍。</blockquote></p><p> T. Rowe Price’s Spencer views Trex as worth the price, based on his view that it can generate sustainable annual revenue growth of 15% to 20%. Earnings are expected to climb by about 20% in 2022 and at a similar pace in the following years. “If you roll the clock forward three years, it doesn’t look as expensive,” he says.</p><p><blockquote>T.Rowe Price的Spencer认为Trex物有所值，因为他认为它可以产生15%至20%的可持续年收入增长。预计2022年盈利将增长约20%，并在接下来的几年中以类似的速度增长。“如果你把时间拨快三年，它看起来并没有那么贵，”他说。</blockquote></p><p> Upwork(UPWK), an online marketplace for freelance workers, is favored by Baillie Gifford’s Brodie, who says it offers a play on the greater acceptance of freelancers by businesses.</p><p><blockquote>Upwork(UPWK)是一个面向自由职业者的在线市场，受到Baillie Gifford的Brodie的青睐，他表示，它可以让企业更好地接受自由职业者。</blockquote></p><p> The shares, recently around $44, aren’t cheap. Upwork is valued at $5.7 billion, or more than 10 times this year’s projected sales of nearly $500 million. It operates at a slight loss.</p><p><blockquote>该股最近约为44美元，并不便宜。Upwork的估值为57亿美元，是今年预计销售额近5亿美元的10倍以上。它的运营略有亏损。</blockquote></p><p> The investment case is about rapid sales growth leading to ample earnings. Sales are expected to rise by 30%-plus this year and 25% for 2022.</p><p><blockquote>投资案例是关于快速销售增长带来丰厚收益。预计今年销售额将增长30%以上，2022年将增长25%。</blockquote></p><p> “Freelancers are more accepted by small to midsize business, but they’ve been frowned on by the HR departments at large businesses,” Brodie says. Upwork aims to change that perception by vetting its freelancers and by offering thousands of skill sets. “Upwork could become a trusted partner for an increasing number of enterprise-grade partners,” he says.</p><p><blockquote>“自由职业者更容易被中小型企业接受，但大型企业的人力资源部门却不喜欢他们，”布罗迪说。Upwork旨在通过审查自由职业者和提供数千种技能来改变这种看法。“Upwork可以成为越来越多企业级合作伙伴值得信赖的合作伙伴，”他说。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/stocks-potential-compounder-growth-51628888840?mod=hp_LEADSUPP_2\">Barrons</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":{"AMRS":"阿米瑞斯","AMED":"阿米斯医疗","UPWK":"Upwork Inc.","VAC":"万豪度假环球","TREX":"Trex Co Inc","STAA":"STAAR Surgical Company","SITE":"SiteOne Landscape Supply, Inc.","BAH":"博思艾伦咨询公司","JBHT":"JB Hunt运输服务","SFIX":"Stitch Fix Inc."},"source_url":"https://www.barrons.com/articles/stocks-potential-compounder-growth-51628888840?mod=hp_LEADSUPP_2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1127633167","content_text":"One of the most popular buzzwords in investing today is “compounders.” Growth-oriented investors looking for the next Amazon.com, Costco Wholesale, Nike, or Visa seek to identify companies capable of generating double-digit compound growth in revenue and earnings—preferably both—for years to come.\nThe idea is that stock prices should compound in line with revenue and profits, enabling investors to generate high returns over a holding period of five to 10 years. The ultimate goal is to find the elusive “10 bagger”—a stock that returns 10 times what you paid for it.\nWall Street analyst notes and client letters from investment pros are replete with compounder references. Many of the next generation of value managers, identified in a Barron’s cover story in May, are seeking such shares, rather than the traditional value fare of cheap stocks.\nTheir search has become more challenging, because buyers are paying lofty prices for high-growth stories. Really big winners are scarce. Only about 35 companies in each of a long series of 10-year periods have compounded their stock prices at 20% or more annually, resulting in at least a sixfold increase, according to Durable Capital Partners.\nMany investors are happy to stick with large, well-known compounders, such as Alphabet(ticker: GOOGL),Mastercard(MA),UnitedHealth Group(UNH), and Eli Lilly(LLY).\nBarron’s sought to identify smaller candidates. We talked to investment managers and came up with an eclectic list of 10 stocks, most with market values under $10 billion. Here are the selections, in alphabetical order:\nStrong and Steady Wins the RaceHere are 10 stocks that growth investors have identified as being able to generate consistently high growth in revenues or profits for many years.\n\n\n\nCompany / Ticker\nRecent Price\nYTD Change\n2021E P/E\n2021E Price/Sales\n2022E P/E\n2022E Price/Sales\nLT Growth Rate*\nMarket Value (bil)\nComment\n\n\n\n\nAmedysis / AMED\n$185.15\n-37%\n30.2\n2.7\n27.7\n2.4\n10.5%\n$6.3\nLeader in home health care\n\n\nAmyris / AMRS\n13.64\n121\nNM\n10.4\nNM\n9.7\nNA\n4.1\nLeading company in synthetic biology\n\n\nBooz Allen Hamilton Holding / BAH\n81.73\n-6\n19.4\n1.3\n17.7\n1.2\n8.6\n11.0\nDefense-department consultant\n\n\nJ.B. Hunt Transport Services / JBHT\n172.76\n26\n25.8\n1.5\n22.2\n1.4\n18.4\n18.2\nStrong in intermodal freight\n\n\nMarriott Vacations Worldwide / VAC\n147.15\n7\n40.9\n1.6\n15.7\n1.4\nNA\n6.3\nTop company in vacation timeshares\n\n\nSiteOne Landscape Supply / SITE\n197.10\n24\n45.7\n2.6\n43.5\n2.5\n19.3\n8.8\nBig supplier of landscaping supplies\n\n\nStaar Surgical / STAA\n138.19\n74\n192.3\n28.6\n140.8\n22.5\n30.0\n6.6\nMaker of implantable lens for myopia\n\n\nStitch Fix / SFIX\n44.38\n-24\nNM\n1.9\n1890.3\n1.7\n30.0\n4.8\nData-driven subscription clothing firm\n\n\nTrex / TREX\n105.94\n27\n51.9\n10.5\n43.6\n9.3\n18.8\n12.2\nTop maker of synthetic wood decking\n\n\nUpwork / UPWK\n44.31\n28\nNM\n11.4\n556.8\n9.2\nNA\n5.7\nOnline clearinghouse for free-lancers\n\n\n\nE=Estimate. BAH estimates are for fiscal years ending March 2022 and March 23. SFIX estimates are for fiscal years ending July 2022 and July 2023. NM=Not Meaningful. NA=Not Available. *The annual EPS growth the company can sustain over the next 3-5 years.\nSource: FactSet\nAmedisys(AMED), a provider of home healthcare and hospice services, has a national footprint in a still-fragmented business.\n“There is going to be massive consolidation of the industry” predicts Dan Cole, a manager of the Columbia Small-Cap Growth fund. “Healthcare is moving to the home.”\nAmedisys stock is up more than tenfold in the past decade. But the shares, around $185, are off nearly 30% after the company recently cut 2021 financial guidance, citing Covid-related staffing and cost issues, mostly in acquired hospice operations. The 2021 earnings estimate is now $6.13 a share, down from nearly $7. The stock trades for 30 times projected 2021 profits. Cole says that the company remains capable of generating 10% annual gains in earnings per share.\nAmyris(AMRS) is a leader in synthetic biology. It fans say its opportunity is to supplant, in an eco-friendly way, a range of products now made from petrochemicals, animals, and plants.\nUsing genetically re-engineered yeast and sugar cane, Amyris produces such things as squalane, a high-end moisturizer formerly made from shark livers; vanillin, the flavoring for vanilla; and a no-calorie sweetener normally derived from plants. The stock trades around $13.\nBarron’s wrote favorably on the company in July. Amyris sees sales reaching $2 billion by 2025, up from an estimated $400 million this year, driven by its consumer brands.\n“The world needs clean chemistry, and Amyris is the point on the spear to create it,” says Randy Baron, a portfolio manager at Pinnacle Associates, which owns Amyris shares. He thinks they could hit $75 by the end of 2022.\nBooz Allen Hamilton Holding(BAH) is an important consultant to the Defense Department and other agencies. The U.S. government accounted for 97% of its revenue in its latest fiscal year. Booz Allen has built robust ties to the government over the years by providing an array of services, like cybersecurity. Its stock trades around $81, for a 1.8% yield.\n“It has built a strong, partnership-like culture and has a long record of steady growth,” says Josh Spencer, manager of the T. Rowe Price New Horizons fund. He sees Booz Allen as capable of generating 9% to 10% annual growth in revenue and yearly gains of 15% to 16% in earnings, in line with its historical performance. The stock is off 20% from its peak of $100, amid concerns about more restrained military spending. Spencer sees the pullback as a buying opportunity, with the stock valued at less than 20 times earnings.\nJ.B. Hunt Transport Services(JBHT) is a leader in intermodal freight, which involves the fuel-efficient movement of trucks over rail lines. It has been one of the most successful trucking companies. Its stock has risen 30-fold over the past 20 years, to a recent $173. “It has an incredible franchise,” says Henry Ellenbogen, chief investment officer at Durable Capital Partners and a member of the Barron’s Roundtable.\nJ.B. Hunt’s relationship with the Burlington Northern Santa Fe railroad gives it a strong position in intermodal freight, he notes. J.B. Hunt also has a growing business taking over the trucking operations of smaller companies. And it is involved in digital freight brokerage—matching truckers with shipping customers.\nEllenbogen says the stock is reasonable at 22 times estimated 2022 profits, given a mid-teens annual growth outlook for earnings.\nMarriott Vacations Worldwide(VAC) is one of the top companies in the timeshare industry. It has 700,000 owners, a resilient business model with significant revenue from fees, and more exposure than its peers to luxury properties in places including Hawaii and Orlando, Fla.\n“It has the best customer base, with the highest spending and an impeccable balance sheet,” says David Baron, a manager of the Baron Focused Growth fund. Marriott Vacations, whose shares recently were trading around $145, should reinstate its dividend later this year, he adds.\nThe shares, Baron argues, are cheap at a 11% free-cash-flow yield, based on 2022 estimates. He says that the stock, little changed since 2018, could produce 20% annual returns for shareholders in the coming years.\nSiteOne Landscape Supply(SITE) is the country’s top supplier of landscaping products, with ample opportunity to expand, given that it has just a 13% market share in a highly fragmented industry.\n\n“It’s growing organically and has lots of acquisition opportunities,” says Columbia’s Cole, who considers the company to be capable of 10% to 15% annual revenue growth.\nThe stock, around $197, has a rich valuation, trading for 43 times projected 2022 earnings of $4.54 a share.\nStaar Surgical(STAA) has developed an implantable lens to correct myopia (nearsightedness). That addresses a potentially huge market, given the rising global incidence of that vision problem. The company expects the lens, which has been available in Europe and Asia for at least five years, to be on the U.S. market in the fourth quarter, pending Food and Drug Administration approval.\n“It could do substantial volumes,’’ says Doug Brodie, a global manager at Baillie Gifford. “It’s early in a journey and is largely devoid of competition.”\nLenses for both eyes can be implanted in less than an hour, and they don’t involve the removal of the natural lenses. The wholesale cost in the U.S. could be around $1,000 per lens.\nAt a recent $138, Staar shares are richly valued at more than 20 times projected 2022 sales and 140 times estimated 2022 earnings. But the market opportunity is enormous: Some five billion people worldwide could have myopia by 2050.\nStitch Fix(SFIX) has developed a subscription service for clothing, shoes, and other accessories and boasts over four million customers.\n“This could be the Nordstrom of the future,” says Mario Cibelli, chief investment officer at Marathon Partners Equity Management, a Stitch Fix holder. “This a potentially huge market and nobody is addressing it in the same way.” Using a staff of 6,000 personal stylists and lots of data, Stitch Fix seeks to identify subscriber tastes to generate high satisfaction and limit returns on packages sent at intervals and determined by subscribers.\nIts shares, around $44, are down 60% from their level earlier in the year, on investors’ worries about potential churn and the business’s ultimate profitability.\nYet Cibelli sees revenue growth of 20%-plus annually, opportunities outside its current U.S. and U.K. markets, and a potentially very profitable business in two to three years.\nTrex(TREX) is the top producer of a high-end wood alternative for decks that comes from 95% recycled material, making it an eco-friendly housing play. The shares, at $105, trade for 43 times projected 2022 earnings.\nT. Rowe Price’s Spencer views Trex as worth the price, based on his view that it can generate sustainable annual revenue growth of 15% to 20%. Earnings are expected to climb by about 20% in 2022 and at a similar pace in the following years. “If you roll the clock forward three years, it doesn’t look as expensive,” he says.\nUpwork(UPWK), an online marketplace for freelance workers, is favored by Baillie Gifford’s Brodie, who says it offers a play on the greater acceptance of freelancers by businesses.\nThe shares, recently around $44, aren’t cheap. Upwork is valued at $5.7 billion, or more than 10 times this year’s projected sales of nearly $500 million. It operates at a slight loss.\nThe investment case is about rapid sales growth leading to ample earnings. Sales are expected to rise by 30%-plus this year and 25% for 2022.\n“Freelancers are more accepted by small to midsize business, but they’ve been frowned on by the HR departments at large businesses,” Brodie says. Upwork aims to change that perception by vetting its freelancers and by offering thousands of skill sets. “Upwork could become a trusted partner for an increasing number of enterprise-grade partners,” he says.","news_type":1,"symbols_score_info":{"SITE":0.9,"AMED":0.9,"SFIX":0.9,"JBHT":0.9,"AMRS":0.9,"BAH":0.9,"TREX":0.9,"UPWK":0.9,"STAA":0.9,"VAC":0.9}},"isVote":1,"tweetType":1,"viewCount":441,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":170245141,"gmtCreate":1626439267183,"gmtModify":1633926759213,"author":{"id":"3581908140966834","authorId":"3581908140966834","name":"ssky","avatar":"https://static.tigerbbs.com/c557c3de7ee44da7b994d97552ac2735","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581908140966834","idStr":"3581908140966834"},"themes":[],"htmlText":"😀","listText":"😀","text":"😀","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/170245141","repostId":"1155747729","repostType":4,"isVote":1,"tweetType":1,"viewCount":348,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":690257325,"gmtCreate":1639672326934,"gmtModify":1639672327114,"author":{"id":"3581908140966834","authorId":"3581908140966834","name":"ssky","avatar":"https://static.tigerbbs.com/c557c3de7ee44da7b994d97552ac2735","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581908140966834","idStr":"3581908140966834"},"themes":[],"htmlText":"Yeahs","listText":"Yeahs","text":"Yeahs","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/690257325","repostId":"2191945281","repostType":4,"isVote":1,"tweetType":1,"viewCount":2451,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":826707962,"gmtCreate":1634051001065,"gmtModify":1634051001244,"author":{"id":"3581908140966834","authorId":"3581908140966834","name":"ssky","avatar":"https://static.tigerbbs.com/c557c3de7ee44da7b994d97552ac2735","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581908140966834","idStr":"3581908140966834"},"themes":[],"htmlText":"Buy!","listText":"Buy!","text":"Buy!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/826707962","repostId":"1174197178","repostType":4,"repost":{"id":"1174197178","kind":"news","pubTimestamp":1634049962,"share":"https://www.laohu8.com/m/news/1174197178?lang=zh_CN&edition=full","pubTime":"2021-10-12 22:46","market":"us","language":"en","title":"Nvidia Is Set To Turn Into A Cash Machine<blockquote>英伟达将变成提款机</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1174197178","media":"Seeking Alpha","summary":"Summary\n\nNvidia’s main businesses experience massive momentum as graphics cards sales surge and dema","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Nvidia’s main businesses experience massive momentum as graphics cards sales surge and demand for data centers strengthens.</li>  <li>Strong GPU pricing served to improve Nvidia’s margins in the first six months of the year.</li>  <li>There is significant upside in Nvidia's free cash flow.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/12a40bc61cdb4aabe35ac1e3ed9ae5ac\" tg-width=\"1536\" tg-height=\"1024\" width=\"100%\" height=\"auto\"><span>Justin Sullivan/Getty Images News</span></p><p><blockquote><ul><li>随着显卡销量激增和数据中心需求增强，英伟达的主要业务发展势头强劲。</li><li>强劲的GPU定价提高了英伟达今年前六个月的利润率。</li><li>英伟达的自由现金流有显着的上升空间。</li></ul><p class=\"t-img-caption\"><span>贾斯汀·沙利文/盖蒂图片社新闻</span></p></blockquote></p><p> Nvidia(NASDAQ:NVDA)is one of the world’s best growth stocks to own as gaming and data center revenues continue to soar. I believe Nvidia will grow into a massive cash machine over the next five years with an estimated annual free cash flow of $14.0B or more!</p><p><blockquote>随着游戏和数据中心收入持续飙升，英伟达（纳斯达克股票代码：NVDA）是全球最值得持有的成长型股票之一。我相信Nvidia将在未来五年内成长为一台巨大的提款机，预计每年自由现金流为$140亿或更多！</blockquote></p><p> <b>Why Nvidia is a long term buy</b></p><p><blockquote><b>为什么英伟达值得长期买入</b></blockquote></p><p> Nvidia just produces incredible growth. The firm generated 68% top line growth in the second-quarter, with revenues touching $6.51B due to soaring demand in the gaming and the data center segments. Gaming revenues surged to a record of $3.06B in the second-quarter, showing a year over year increase of 85%, chiefly because of strengthening sales in a severely undersupplied graphics cards market. Data center revenues also surged to a record, $2.37B in Q2’22, showing a year over year growth rate of 35%. With total revenues up by 68% and higher gross margins (66.7% in Q2’22), Nvidia’s commercial performance is getting better and better...</p><p><blockquote>英伟达带来了令人难以置信的增长。由于游戏和数据中心领域的需求飙升，该公司第二季度营收增长了68%，收入达到$6.51 B。第二季度游戏收入飙升至创纪录的$3.06 B，同比增长85%，主要是由于严重供应不足的显卡市场的销售增强。22年第二季度，数据中心收入也飙升至创纪录的$2.37 B，同比增长率为35%。随着总收入增长68%和毛利率更高（22年第二季度为66.7%），英伟达的商业业绩越来越好……</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b1af1b5d7b0be554a0ef5ed7d3b79435\" tg-width=\"742\" tg-height=\"192\" width=\"100%\" height=\"auto\"><span>Source: Nvidia</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：英伟达</span></p></blockquote></p><p> But I don’t believe Nvidia’s business has peaked yet. I believe Nvidia will continue to grow rapidly because of increasing demand for high performance data centers that can handle incredible amounts of workloads and because Nvidia’s largest business by revenues, gaming, is seeing pricing support from end markets. Graphics cards have been flying off the shelf in 2020 and 2021, in part because cryptocurrency miners compete with gamers for GPUs. The result has been that&nbsp;graphics cards are in a shortage, leading to a significant increase in GPU pricing. AMD(NASDAQ:AMD)and Nvidia, the two largest suppliers of high performance graphics processing units, benefit from this trend the most.</p><p><blockquote>但我不认为英伟达的业务已经见顶。我相信Nvidia将继续快速增长，因为对能够处理大量工作负载的高性能数据中心的需求不断增长，而且Nvidia按收入计算最大的业务游戏正在获得终端市场的定价支持。显卡在2020年和2021年大量下架，部分原因是加密货币矿工与游戏玩家争夺GPU。结果是显卡供不应求，导致GPU价格大幅上涨。AMD（纳斯达克股票代码：AMD）和英伟达这两家最大的高性能图形处理单元供应商从这一趋势中受益最多。</blockquote></p><p> Top-tier graphics cards like AMD’s Radeon RX 6000 and Nvidia’s GeForce RTX 30 series have seen strong demand/pricing in 2021, and the steep decline in cryptocurrency prices in the second-quarter did not significantly lower demand. GPU prices peaked in May - at the top of the crypto boom - and have fallen since. However, pricing is still strong with the AMD Radeon RX series selling for 1.64x suggested retail price at the end of August. Nvidia’s GeForce 30 series sold for 1.59x MSRP in August, indicating consistently high demand for GPUs.</p><p><blockquote>AMD的Radeon RX 6000和Nvidia的GeForce RTX 30系列等顶级显卡在2021年的需求/定价都很强劲，第二季度加密货币价格的急剧下跌并没有显著降低需求。GPU价格在5月份达到顶峰（加密货币繁荣的顶峰），此后一直在下降。然而，定价仍然强劲，AMD镭龙RX系列在8月底的售价为建议零售价的1.64倍。Nvidia的GeForce 30系列8月份的售价为建议零售价的1.59倍，表明对GPU的需求一直很高。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e234f2daf83e24fdb585fce43d5b3236\" tg-width=\"1024\" tg-height=\"448\" width=\"100%\" height=\"auto\"><span>Source: FPS Reviews</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：FPS评论</span></p></blockquote></p><p> Because of excellent commercial performance in its main businesses,accelerating momentum in niche businesses&nbsp;and strength in GPU pricing, Nvidia is looking at a dramatic improvement in free cash flow over the next five years... supplying yet another reason to buy the shares!</p><p><blockquote>由于其主要业务的出色商业表现、利基业务的加速势头以及GPU定价的优势，英伟达预计未来五年自由现金流将大幅改善……提供了另一个购买股票的理由！</blockquote></p><p> Nvidia is projecting revenues of $6.8B +/- 2 percent for the third-quarter. Including Q3’22 revenue projections, Nvidia should post revenues of around $19.0B for the first nine months of FY 2022. Adding $7.0B in revenues on top of that for the fourth-quarter, and Nvidia is looking at revenues of around $26.0B for FY 2022.</p><p><blockquote>英伟达预计第三季度收入为68亿美元+/-2%。包括22年第3季度的收入预测在内，Nvidia 2022财年前9个月的收入应约为$19.0 B。在第四季度的基础上增加了$7.0 B的收入，Nvidia预计2022财年的收入约为$26.0 B。</blockquote></p><p> The market projects revenues of $25.8B this year and $29.0B revenues next year (the assumption is for just 13% year over year growth in FY 2023). I believe revenues will be above $30.0B in FY 2023 due to strong business momentum and favorable GPU pricing. Nvidia’s revenues are projected to grow at an annual rate of 23% until FY 2026 (base year: FY 2021).</p><p><blockquote>市场预计今年收入为$25.8 B，明年收入为$29.0 B（假设2023财年同比仅增长13%）。我相信，由于强劲的业务势头和有利的GPU定价，2023财年的收入将超过$30.0 B。到2026财年（基准年：2021财年），Nvidia的收入预计将以每年23%的速度增长。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/76c03f31d7f5924796294fe4ef344ff8\" tg-width=\"640\" tg-height=\"244\" width=\"100%\" height=\"auto\"><span>Source: Seeking Alpha Estimates</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：寻求阿尔法估计</span></p></blockquote></p><p></p><p> Looking at Nvidia’s revenue to cash conversion, consistently high free cash flow margins can be found. The semiconductor firm generated annual free cash flow margins ranging between 28% and 39% from FY 2018 to FY 2021 with an average annual margin of 31%. I believe a free cash flow margin around 30% can be sustained going forward, especially if pricing in the graphics cards market stays strong. Because cryptocurrency prices started to recover in the third-quarter, GPUs could even see accelerating demand in the future. Rising digital currency prices benefit Nvidia in two ways: They boost the cryptocurrency mining business/CMP which sells dedicated processors, and higher demand for GPUs improves end market pricing, meaning Nvidia can sell the same graphics card for a higher price. Nvidia’s free cash flow margin in the first six months of FY 2022 was above 33%, due chiefly to strength in GPU demand and pricing.</p><p><blockquote>看看英伟达的收入现金转换，可以发现自由现金流利润率一直很高。从2018财年到2021财年，这家半导体公司的年自由现金流利润率在28%至39%之间，平均年利润率为31%。我相信未来可以维持30%左右的自由现金流利润率，特别是如果显卡市场的定价保持强劲的话。由于加密货币价格在第三季度开始复苏，GPU甚至可能在未来看到需求加速。数字货币价格上涨在两个方面使英伟达受益：它们提振了销售专用处理器的加密货币挖矿业务/CMP，对GPU的更高需求提高了终端市场定价，这意味着英伟达可以以更高的价格出售相同的显卡。英伟达2022财年前六个月的自由现金流利润率超过33%，这主要是由于GPU需求和定价的强劲。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c9e05cd7aa4844f19e4ba0899754633f\" tg-width=\"605\" tg-height=\"731\" width=\"100%\" height=\"auto\"><span>Source: Author</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：作者</span></p></blockquote></p><p> Turning back to revenue projections.</p><p><blockquote>回到收入预测。</blockquote></p><p> The FY 2023 market expectation is for Nvidia to have revenues of $29.0B. Assuming a 30% free cash flow margin, Nvidia is looking at $8.7B in free cash flow next year... which is a 100% improvement over the firm's FY 2020 level of free cash flow. I believe the FY 2023 revenue estimate underestimates Nvidia’s growth potential next year as I see persistent strength in gaming and data centers, and a higher than 13% annual revenue growth rate. However, revenue estimates for Nvidia, for this year and next year, are rising...</p><p><blockquote>市场预期NVIDIA 2023财年的收入为$29.0 B。假设自由现金流利润率为30%，Nvidia预计明年的自由现金流为$8.7 B……这比公司2020财年的自由现金流水平提高了100%。我认为2023财年的收入预测低估了英伟达明年的增长潜力，因为我看到游戏和数据中心的持续实力，以及高于13%的年收入增长率。然而，英伟达今年和明年的收入预期正在上升...</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3d979b6088a67cf25c6993d40c574bb7\" tg-width=\"635\" tg-height=\"433\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> If we were also to assume that Nvidia can generate 30% free cash flow margins in the future, Nvidia’s annual free cash flow is set to surpass $14B by FY 2026. In CAGR terms, this means that Nvidia will grow free cash flow at a 25% annual rate over the next five years. Nvidia may grow free cash flow at a faster rate if revenues also grow faster. I believe this will happen because the RTX upgrade cycle will lead to a higher volume of higher-priced GPUs being sold in the future, which is set to boost FCF margins.</p><p><blockquote>如果我们还假设Nvidia未来能够产生30%的自由现金流利润率，那么到2026财年，Nvidia的年度自由现金流将超过14B美元。以复合年增长率计算，这意味着英伟达的自由现金流将在未来五年内以每年25%的速度增长。如果收入增长更快，英伟达的自由现金流可能会以更快的速度增长。我相信这将会发生，因为RTX升级周期将导致未来销售更多价格更高的GPU，这将提高FCF利润率。</blockquote></p><p> As Nvidia releases more top-tier, higher margin graphics cards and gamers upgrade their equipment, Nvidia's free cash flow margins could even expand beyond 30%. Assuming a, say, 35% revenue to free cash flow conversion, Nvidia could generate up to $16.4B in annual free cash flow by FY 2026… which would imply a FCF CAGR of not 25%, but 29%.</p><p><blockquote>随着英伟达发布更多顶级、利润率更高的显卡以及游戏玩家升级设备，英伟达的自由现金流利润率甚至可能扩大到30%以上。假设35%的收入转换为自由现金流，到2026财年，Nvidia每年可产生高达$16.4 B的自由现金流……这意味着FCF复合年增长率不是25%，而是29%。</blockquote></p><p> For that reason, I believe Nvidia’s free cash flow potential is materially undervalued. Nvidia is set to generate a massive amount of cash flow in the next five years. Based off of FY 2023 revenue estimates, Nvidia is not cheap (P-S ratio: 17.9), but the potential for sales and free cash flow growth justifies the price.</p><p><blockquote>因此，我认为英伟达的自由现金流潜力被严重低估。英伟达将在未来五年内产生大量现金流。根据2023财年的收入预测，Nvidia的价格并不便宜（市盈率：17.9），但销售和自由现金流增长的潜力证明了价格的合理性。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/acfca86b9c32ab42da6edcea7b9046b0\" tg-width=\"635\" tg-height=\"417\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> <b>Risks with Nvidia</b></p><p><blockquote><b>Nvidia的风险</b></blockquote></p><p> Nvidia has a couple of commercial risks that need to be considered. The industry environment is favorable for Nvidia at the moment which explains strong revenue growth projections, but weaker pricing in graphics cards potentially indicates growing risks to Nvidia’s top line. Lower gross margins will also likely be seen as the canary in the coal mine, indicating that slowing revenue growth is on the horizon. Longer term, Nvidia has to keep its technological edge to defend its tech leadership in GPUs, data centers and AI. Failing to do so would give its rivals, AMD and Intel(NASDAQ:INTC), an opportunity to grow their market share at the expense of Nvidia.</p><p><blockquote>英伟达有几个需要考虑的商业风险。目前行业环境对英伟达有利，这解释了强劲的收入增长预测，但显卡定价疲软可能表明英伟达营收面临的风险越来越大。较低的毛利率也可能被视为煤矿中的金丝雀，表明收入增长即将放缓。从长远来看，英伟达必须保持其技术优势，以捍卫其在GPU、数据中心和人工智能领域的技术领先地位。如果做不到这一点，其竞争对手AMD和英特尔（纳斯达克股票代码：INTC）将有机会以牺牲英伟达为代价扩大市场份额。</blockquote></p><p> <b>Final thoughts</b></p><p><blockquote><b>最后的想法</b></blockquote></p><p> Nvidia, despite a high P-S ratio, may still be undervalued considering the massive ramp in free cash flow that can be expected in the next five years. Sales projections for FY 2023 imply a drop off in growth rates, which I just don’t see given the accelerating strength in Nvidia’s main and niche businesses. Nvidia is in a buy-the-dip situation and the risk profile remains heavily skewed to the upside!</p><p><blockquote>尽管市盈率很高，但考虑到未来五年自由现金流的大幅增长，英伟达的估值可能仍然被低估。2023财年的销售预测意味着增长率会下降，但考虑到Nvidia主要业务和利基业务的实力不断增强，我并没有看到这一点。英伟达处于逢低买入的境地，风险状况仍然严重偏向上行！</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>Nvidia Is Set To Turn Into A Cash Machine<blockquote>英伟达将变成提款机</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\">\nNvidia Is Set To Turn Into A Cash Machine<blockquote>英伟达将变成提款机</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\">2021-10-12 22:46</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>Nvidia’s main businesses experience massive momentum as graphics cards sales surge and demand for data centers strengthens.</li>  <li>Strong GPU pricing served to improve Nvidia’s margins in the first six months of the year.</li>  <li>There is significant upside in Nvidia's free cash flow.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/12a40bc61cdb4aabe35ac1e3ed9ae5ac\" tg-width=\"1536\" tg-height=\"1024\" width=\"100%\" height=\"auto\"><span>Justin Sullivan/Getty Images News</span></p><p><blockquote><ul><li>随着显卡销量激增和数据中心需求增强，英伟达的主要业务发展势头强劲。</li><li>强劲的GPU定价提高了英伟达今年前六个月的利润率。</li><li>英伟达的自由现金流有显着的上升空间。</li></ul><p class=\"t-img-caption\"><span>贾斯汀·沙利文/盖蒂图片社新闻</span></p></blockquote></p><p> Nvidia(NASDAQ:NVDA)is one of the world’s best growth stocks to own as gaming and data center revenues continue to soar. I believe Nvidia will grow into a massive cash machine over the next five years with an estimated annual free cash flow of $14.0B or more!</p><p><blockquote>随着游戏和数据中心收入持续飙升，英伟达（纳斯达克股票代码：NVDA）是全球最值得持有的成长型股票之一。我相信Nvidia将在未来五年内成长为一台巨大的提款机，预计每年自由现金流为$140亿或更多！</blockquote></p><p> <b>Why Nvidia is a long term buy</b></p><p><blockquote><b>为什么英伟达值得长期买入</b></blockquote></p><p> Nvidia just produces incredible growth. The firm generated 68% top line growth in the second-quarter, with revenues touching $6.51B due to soaring demand in the gaming and the data center segments. Gaming revenues surged to a record of $3.06B in the second-quarter, showing a year over year increase of 85%, chiefly because of strengthening sales in a severely undersupplied graphics cards market. Data center revenues also surged to a record, $2.37B in Q2’22, showing a year over year growth rate of 35%. With total revenues up by 68% and higher gross margins (66.7% in Q2’22), Nvidia’s commercial performance is getting better and better...</p><p><blockquote>英伟达带来了令人难以置信的增长。由于游戏和数据中心领域的需求飙升，该公司第二季度营收增长了68%，收入达到$6.51 B。第二季度游戏收入飙升至创纪录的$3.06 B，同比增长85%，主要是由于严重供应不足的显卡市场的销售增强。22年第二季度，数据中心收入也飙升至创纪录的$2.37 B，同比增长率为35%。随着总收入增长68%和毛利率更高（22年第二季度为66.7%），英伟达的商业业绩越来越好……</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b1af1b5d7b0be554a0ef5ed7d3b79435\" tg-width=\"742\" tg-height=\"192\" width=\"100%\" height=\"auto\"><span>Source: Nvidia</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：英伟达</span></p></blockquote></p><p> But I don’t believe Nvidia’s business has peaked yet. I believe Nvidia will continue to grow rapidly because of increasing demand for high performance data centers that can handle incredible amounts of workloads and because Nvidia’s largest business by revenues, gaming, is seeing pricing support from end markets. Graphics cards have been flying off the shelf in 2020 and 2021, in part because cryptocurrency miners compete with gamers for GPUs. The result has been that&nbsp;graphics cards are in a shortage, leading to a significant increase in GPU pricing. AMD(NASDAQ:AMD)and Nvidia, the two largest suppliers of high performance graphics processing units, benefit from this trend the most.</p><p><blockquote>但我不认为英伟达的业务已经见顶。我相信Nvidia将继续快速增长，因为对能够处理大量工作负载的高性能数据中心的需求不断增长，而且Nvidia按收入计算最大的业务游戏正在获得终端市场的定价支持。显卡在2020年和2021年大量下架，部分原因是加密货币矿工与游戏玩家争夺GPU。结果是显卡供不应求，导致GPU价格大幅上涨。AMD（纳斯达克股票代码：AMD）和英伟达这两家最大的高性能图形处理单元供应商从这一趋势中受益最多。</blockquote></p><p> Top-tier graphics cards like AMD’s Radeon RX 6000 and Nvidia’s GeForce RTX 30 series have seen strong demand/pricing in 2021, and the steep decline in cryptocurrency prices in the second-quarter did not significantly lower demand. GPU prices peaked in May - at the top of the crypto boom - and have fallen since. However, pricing is still strong with the AMD Radeon RX series selling for 1.64x suggested retail price at the end of August. Nvidia’s GeForce 30 series sold for 1.59x MSRP in August, indicating consistently high demand for GPUs.</p><p><blockquote>AMD的Radeon RX 6000和Nvidia的GeForce RTX 30系列等顶级显卡在2021年的需求/定价都很强劲，第二季度加密货币价格的急剧下跌并没有显著降低需求。GPU价格在5月份达到顶峰（加密货币繁荣的顶峰），此后一直在下降。然而，定价仍然强劲，AMD镭龙RX系列在8月底的售价为建议零售价的1.64倍。Nvidia的GeForce 30系列8月份的售价为建议零售价的1.59倍，表明对GPU的需求一直很高。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e234f2daf83e24fdb585fce43d5b3236\" tg-width=\"1024\" tg-height=\"448\" width=\"100%\" height=\"auto\"><span>Source: FPS Reviews</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：FPS评论</span></p></blockquote></p><p> Because of excellent commercial performance in its main businesses,accelerating momentum in niche businesses&nbsp;and strength in GPU pricing, Nvidia is looking at a dramatic improvement in free cash flow over the next five years... supplying yet another reason to buy the shares!</p><p><blockquote>由于其主要业务的出色商业表现、利基业务的加速势头以及GPU定价的优势，英伟达预计未来五年自由现金流将大幅改善……提供了另一个购买股票的理由！</blockquote></p><p> Nvidia is projecting revenues of $6.8B +/- 2 percent for the third-quarter. Including Q3’22 revenue projections, Nvidia should post revenues of around $19.0B for the first nine months of FY 2022. Adding $7.0B in revenues on top of that for the fourth-quarter, and Nvidia is looking at revenues of around $26.0B for FY 2022.</p><p><blockquote>英伟达预计第三季度收入为68亿美元+/-2%。包括22年第3季度的收入预测在内，Nvidia 2022财年前9个月的收入应约为$19.0 B。在第四季度的基础上增加了$7.0 B的收入，Nvidia预计2022财年的收入约为$26.0 B。</blockquote></p><p> The market projects revenues of $25.8B this year and $29.0B revenues next year (the assumption is for just 13% year over year growth in FY 2023). I believe revenues will be above $30.0B in FY 2023 due to strong business momentum and favorable GPU pricing. Nvidia’s revenues are projected to grow at an annual rate of 23% until FY 2026 (base year: FY 2021).</p><p><blockquote>市场预计今年收入为$25.8 B，明年收入为$29.0 B（假设2023财年同比仅增长13%）。我相信，由于强劲的业务势头和有利的GPU定价，2023财年的收入将超过$30.0 B。到2026财年（基准年：2021财年），Nvidia的收入预计将以每年23%的速度增长。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/76c03f31d7f5924796294fe4ef344ff8\" tg-width=\"640\" tg-height=\"244\" width=\"100%\" height=\"auto\"><span>Source: Seeking Alpha Estimates</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：寻求阿尔法估计</span></p></blockquote></p><p></p><p> Looking at Nvidia’s revenue to cash conversion, consistently high free cash flow margins can be found. The semiconductor firm generated annual free cash flow margins ranging between 28% and 39% from FY 2018 to FY 2021 with an average annual margin of 31%. I believe a free cash flow margin around 30% can be sustained going forward, especially if pricing in the graphics cards market stays strong. Because cryptocurrency prices started to recover in the third-quarter, GPUs could even see accelerating demand in the future. Rising digital currency prices benefit Nvidia in two ways: They boost the cryptocurrency mining business/CMP which sells dedicated processors, and higher demand for GPUs improves end market pricing, meaning Nvidia can sell the same graphics card for a higher price. Nvidia’s free cash flow margin in the first six months of FY 2022 was above 33%, due chiefly to strength in GPU demand and pricing.</p><p><blockquote>看看英伟达的收入现金转换，可以发现自由现金流利润率一直很高。从2018财年到2021财年，这家半导体公司的年自由现金流利润率在28%至39%之间，平均年利润率为31%。我相信未来可以维持30%左右的自由现金流利润率，特别是如果显卡市场的定价保持强劲的话。由于加密货币价格在第三季度开始复苏，GPU甚至可能在未来看到需求加速。数字货币价格上涨在两个方面使英伟达受益：它们提振了销售专用处理器的加密货币挖矿业务/CMP，对GPU的更高需求提高了终端市场定价，这意味着英伟达可以以更高的价格出售相同的显卡。英伟达2022财年前六个月的自由现金流利润率超过33%，这主要是由于GPU需求和定价的强劲。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c9e05cd7aa4844f19e4ba0899754633f\" tg-width=\"605\" tg-height=\"731\" width=\"100%\" height=\"auto\"><span>Source: Author</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：作者</span></p></blockquote></p><p> Turning back to revenue projections.</p><p><blockquote>回到收入预测。</blockquote></p><p> The FY 2023 market expectation is for Nvidia to have revenues of $29.0B. Assuming a 30% free cash flow margin, Nvidia is looking at $8.7B in free cash flow next year... which is a 100% improvement over the firm's FY 2020 level of free cash flow. I believe the FY 2023 revenue estimate underestimates Nvidia’s growth potential next year as I see persistent strength in gaming and data centers, and a higher than 13% annual revenue growth rate. However, revenue estimates for Nvidia, for this year and next year, are rising...</p><p><blockquote>市场预期NVIDIA 2023财年的收入为$29.0 B。假设自由现金流利润率为30%，Nvidia预计明年的自由现金流为$8.7 B……这比公司2020财年的自由现金流水平提高了100%。我认为2023财年的收入预测低估了英伟达明年的增长潜力，因为我看到游戏和数据中心的持续实力，以及高于13%的年收入增长率。然而，英伟达今年和明年的收入预期正在上升...</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3d979b6088a67cf25c6993d40c574bb7\" tg-width=\"635\" tg-height=\"433\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> If we were also to assume that Nvidia can generate 30% free cash flow margins in the future, Nvidia’s annual free cash flow is set to surpass $14B by FY 2026. In CAGR terms, this means that Nvidia will grow free cash flow at a 25% annual rate over the next five years. Nvidia may grow free cash flow at a faster rate if revenues also grow faster. I believe this will happen because the RTX upgrade cycle will lead to a higher volume of higher-priced GPUs being sold in the future, which is set to boost FCF margins.</p><p><blockquote>如果我们还假设Nvidia未来能够产生30%的自由现金流利润率，那么到2026财年，Nvidia的年度自由现金流将超过14B美元。以复合年增长率计算，这意味着英伟达的自由现金流将在未来五年内以每年25%的速度增长。如果收入增长更快，英伟达的自由现金流可能会以更快的速度增长。我相信这将会发生，因为RTX升级周期将导致未来销售更多价格更高的GPU，这将提高FCF利润率。</blockquote></p><p> As Nvidia releases more top-tier, higher margin graphics cards and gamers upgrade their equipment, Nvidia's free cash flow margins could even expand beyond 30%. Assuming a, say, 35% revenue to free cash flow conversion, Nvidia could generate up to $16.4B in annual free cash flow by FY 2026… which would imply a FCF CAGR of not 25%, but 29%.</p><p><blockquote>随着英伟达发布更多顶级、利润率更高的显卡以及游戏玩家升级设备，英伟达的自由现金流利润率甚至可能扩大到30%以上。假设35%的收入转换为自由现金流，到2026财年，Nvidia每年可产生高达$16.4 B的自由现金流……这意味着FCF复合年增长率不是25%，而是29%。</blockquote></p><p> For that reason, I believe Nvidia’s free cash flow potential is materially undervalued. Nvidia is set to generate a massive amount of cash flow in the next five years. Based off of FY 2023 revenue estimates, Nvidia is not cheap (P-S ratio: 17.9), but the potential for sales and free cash flow growth justifies the price.</p><p><blockquote>因此，我认为英伟达的自由现金流潜力被严重低估。英伟达将在未来五年内产生大量现金流。根据2023财年的收入预测，Nvidia的价格并不便宜（市盈率：17.9），但销售和自由现金流增长的潜力证明了价格的合理性。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/acfca86b9c32ab42da6edcea7b9046b0\" tg-width=\"635\" tg-height=\"417\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> <b>Risks with Nvidia</b></p><p><blockquote><b>Nvidia的风险</b></blockquote></p><p> Nvidia has a couple of commercial risks that need to be considered. The industry environment is favorable for Nvidia at the moment which explains strong revenue growth projections, but weaker pricing in graphics cards potentially indicates growing risks to Nvidia’s top line. Lower gross margins will also likely be seen as the canary in the coal mine, indicating that slowing revenue growth is on the horizon. Longer term, Nvidia has to keep its technological edge to defend its tech leadership in GPUs, data centers and AI. Failing to do so would give its rivals, AMD and Intel(NASDAQ:INTC), an opportunity to grow their market share at the expense of Nvidia.</p><p><blockquote>英伟达有几个需要考虑的商业风险。目前行业环境对英伟达有利，这解释了强劲的收入增长预测，但显卡定价疲软可能表明英伟达营收面临的风险越来越大。较低的毛利率也可能被视为煤矿中的金丝雀，表明收入增长即将放缓。从长远来看，英伟达必须保持其技术优势，以捍卫其在GPU、数据中心和人工智能领域的技术领先地位。如果做不到这一点，其竞争对手AMD和英特尔（纳斯达克股票代码：INTC）将有机会以牺牲英伟达为代价扩大市场份额。</blockquote></p><p> <b>Final thoughts</b></p><p><blockquote><b>最后的想法</b></blockquote></p><p> Nvidia, despite a high P-S ratio, may still be undervalued considering the massive ramp in free cash flow that can be expected in the next five years. Sales projections for FY 2023 imply a drop off in growth rates, which I just don’t see given the accelerating strength in Nvidia’s main and niche businesses. Nvidia is in a buy-the-dip situation and the risk profile remains heavily skewed to the upside!</p><p><blockquote>尽管市盈率很高，但考虑到未来五年自由现金流的大幅增长，英伟达的估值可能仍然被低估。2023财年的销售预测意味着增长率会下降，但考虑到Nvidia主要业务和利基业务的实力不断增强，我并没有看到这一点。英伟达处于逢低买入的境地，风险状况仍然严重偏向上行！</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4459353-nvidia-set-to-turn-into-cash-machine\">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":{"NVDA":"英伟达"},"source_url":"https://seekingalpha.com/article/4459353-nvidia-set-to-turn-into-cash-machine","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1174197178","content_text":"Summary\n\nNvidia’s main businesses experience massive momentum as graphics cards sales surge and demand for data centers strengthens.\nStrong GPU pricing served to improve Nvidia’s margins in the first six months of the year.\nThere is significant upside in Nvidia's free cash flow.\n\nJustin Sullivan/Getty Images News\nNvidia(NASDAQ:NVDA)is one of the world’s best growth stocks to own as gaming and data center revenues continue to soar. I believe Nvidia will grow into a massive cash machine over the next five years with an estimated annual free cash flow of $14.0B or more!\nWhy Nvidia is a long term buy\nNvidia just produces incredible growth. The firm generated 68% top line growth in the second-quarter, with revenues touching $6.51B due to soaring demand in the gaming and the data center segments. Gaming revenues surged to a record of $3.06B in the second-quarter, showing a year over year increase of 85%, chiefly because of strengthening sales in a severely undersupplied graphics cards market. Data center revenues also surged to a record, $2.37B in Q2’22, showing a year over year growth rate of 35%. With total revenues up by 68% and higher gross margins (66.7% in Q2’22), Nvidia’s commercial performance is getting better and better...\nSource: Nvidia\nBut I don’t believe Nvidia’s business has peaked yet. I believe Nvidia will continue to grow rapidly because of increasing demand for high performance data centers that can handle incredible amounts of workloads and because Nvidia’s largest business by revenues, gaming, is seeing pricing support from end markets. Graphics cards have been flying off the shelf in 2020 and 2021, in part because cryptocurrency miners compete with gamers for GPUs. The result has been that graphics cards are in a shortage, leading to a significant increase in GPU pricing. AMD(NASDAQ:AMD)and Nvidia, the two largest suppliers of high performance graphics processing units, benefit from this trend the most.\nTop-tier graphics cards like AMD’s Radeon RX 6000 and Nvidia’s GeForce RTX 30 series have seen strong demand/pricing in 2021, and the steep decline in cryptocurrency prices in the second-quarter did not significantly lower demand. GPU prices peaked in May - at the top of the crypto boom - and have fallen since. However, pricing is still strong with the AMD Radeon RX series selling for 1.64x suggested retail price at the end of August. Nvidia’s GeForce 30 series sold for 1.59x MSRP in August, indicating consistently high demand for GPUs.\nSource: FPS Reviews\nBecause of excellent commercial performance in its main businesses,accelerating momentum in niche businesses and strength in GPU pricing, Nvidia is looking at a dramatic improvement in free cash flow over the next five years... supplying yet another reason to buy the shares!\nNvidia is projecting revenues of $6.8B +/- 2 percent for the third-quarter. Including Q3’22 revenue projections, Nvidia should post revenues of around $19.0B for the first nine months of FY 2022. Adding $7.0B in revenues on top of that for the fourth-quarter, and Nvidia is looking at revenues of around $26.0B for FY 2022.\nThe market projects revenues of $25.8B this year and $29.0B revenues next year (the assumption is for just 13% year over year growth in FY 2023). I believe revenues will be above $30.0B in FY 2023 due to strong business momentum and favorable GPU pricing. Nvidia’s revenues are projected to grow at an annual rate of 23% until FY 2026 (base year: FY 2021).\nSource: Seeking Alpha Estimates\nLooking at Nvidia’s revenue to cash conversion, consistently high free cash flow margins can be found. The semiconductor firm generated annual free cash flow margins ranging between 28% and 39% from FY 2018 to FY 2021 with an average annual margin of 31%. I believe a free cash flow margin around 30% can be sustained going forward, especially if pricing in the graphics cards market stays strong. Because cryptocurrency prices started to recover in the third-quarter, GPUs could even see accelerating demand in the future. Rising digital currency prices benefit Nvidia in two ways: They boost the cryptocurrency mining business/CMP which sells dedicated processors, and higher demand for GPUs improves end market pricing, meaning Nvidia can sell the same graphics card for a higher price. Nvidia’s free cash flow margin in the first six months of FY 2022 was above 33%, due chiefly to strength in GPU demand and pricing.\nSource: Author\nTurning back to revenue projections.\nThe FY 2023 market expectation is for Nvidia to have revenues of $29.0B. Assuming a 30% free cash flow margin, Nvidia is looking at $8.7B in free cash flow next year... which is a 100% improvement over the firm's FY 2020 level of free cash flow. I believe the FY 2023 revenue estimate underestimates Nvidia’s growth potential next year as I see persistent strength in gaming and data centers, and a higher than 13% annual revenue growth rate. However, revenue estimates for Nvidia, for this year and next year, are rising...\nData by YCharts\nIf we were also to assume that Nvidia can generate 30% free cash flow margins in the future, Nvidia’s annual free cash flow is set to surpass $14B by FY 2026. In CAGR terms, this means that Nvidia will grow free cash flow at a 25% annual rate over the next five years. Nvidia may grow free cash flow at a faster rate if revenues also grow faster. I believe this will happen because the RTX upgrade cycle will lead to a higher volume of higher-priced GPUs being sold in the future, which is set to boost FCF margins.\nAs Nvidia releases more top-tier, higher margin graphics cards and gamers upgrade their equipment, Nvidia's free cash flow margins could even expand beyond 30%. Assuming a, say, 35% revenue to free cash flow conversion, Nvidia could generate up to $16.4B in annual free cash flow by FY 2026… which would imply a FCF CAGR of not 25%, but 29%.\nFor that reason, I believe Nvidia’s free cash flow potential is materially undervalued. Nvidia is set to generate a massive amount of cash flow in the next five years. Based off of FY 2023 revenue estimates, Nvidia is not cheap (P-S ratio: 17.9), but the potential for sales and free cash flow growth justifies the price.\nData by YCharts\nRisks with Nvidia\nNvidia has a couple of commercial risks that need to be considered. The industry environment is favorable for Nvidia at the moment which explains strong revenue growth projections, but weaker pricing in graphics cards potentially indicates growing risks to Nvidia’s top line. Lower gross margins will also likely be seen as the canary in the coal mine, indicating that slowing revenue growth is on the horizon. Longer term, Nvidia has to keep its technological edge to defend its tech leadership in GPUs, data centers and AI. Failing to do so would give its rivals, AMD and Intel(NASDAQ:INTC), an opportunity to grow their market share at the expense of Nvidia.\nFinal thoughts\nNvidia, despite a high P-S ratio, may still be undervalued considering the massive ramp in free cash flow that can be expected in the next five years. Sales projections for FY 2023 imply a drop off in growth rates, which I just don’t see given the accelerating strength in Nvidia’s main and niche businesses. Nvidia is in a buy-the-dip situation and the risk profile remains heavily skewed to the upside!","news_type":1,"symbols_score_info":{"NVDA":0.9}},"isVote":1,"tweetType":1,"viewCount":612,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":823607266,"gmtCreate":1633616106789,"gmtModify":1633616106954,"author":{"id":"3581908140966834","authorId":"3581908140966834","name":"ssky","avatar":"https://static.tigerbbs.com/c557c3de7ee44da7b994d97552ac2735","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581908140966834","idStr":"3581908140966834"},"themes":[],"htmlText":"Short lived","listText":"Short lived","text":"Short lived","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/823607266","repostId":"1170144488","repostType":4,"repost":{"id":"1170144488","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":1633614175,"share":"https://www.laohu8.com/m/news/1170144488?lang=zh_CN&edition=full","pubTime":"2021-10-07 21:42","market":"other","language":"en","title":"China tech names rally in morning trading<blockquote>中国科技股早盘上涨</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1170144488","media":"Tiger Newspress","summary":"(Oct 7) China tech names rally in morning trading.\n\nChinese technology stocks listed in the U.S. are","content":"<p>(Oct 7)&nbsp;China tech names rally in morning trading.</p><p><blockquote>（10月7日）中国科技股早盘上涨。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/82f43fe405c7a1e296adb418a0267dda\" tg-width=\"343\" tg-height=\"843\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Chinese technology stocks listed in the U.S. are signaling a third day of gains in moring trading after peers in Asia rallied on improved risk appetite.</p><p><blockquote>在亚洲同行因风险偏好改善而上涨后，在美国上市的中国科技股在早盘交易中连续第三天上涨。</blockquote></p><p> Shares in Pinduoduo Inc. rose 4.6% as of 9:44 a.m. in New York, while Alibaba Group Holding Ltd. climbed 5.67%. Other technology shares including Baidu Inc., Bilibili Inc. and DiDi Global Inc. were among American depositary receipts rising.</p><p><blockquote>截至纽约上午9点44分，拼多多股价上涨4.6%，阿里巴巴-SW集团控股有限公司股价上涨5.67%。百度、哔哩哔哩和滴滴出行等其他科技股也在美国存托凭证上涨之列。</blockquote></p><p> Chinese technology stocks&nbsp;rebounded&nbsp;from a record low in Hong Kong on Thursday amid signs of renewed interest in one of China’s biggest tech names. Charlie Munger’s Daily Journal Corp. was&nbsp;reported&nbsp;to have increased its Alibaba stake by 83% last quarter.</p><p><blockquote>中国科技股周四在香港从历史低点反弹，有迹象表明人们对中国最大的科技公司之一重新产生了兴趣。据报道，查理·芒格的Daily Journal Corp.上季度增持了83%的阿里巴巴-SW股份。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/21da2b3e7cd8ae63e949304ad3076747\" tg-width=\"1200\" tg-height=\"675\" referrerpolicy=\"no-referrer\">The Nasdaq Golden Dragon China Index -- which tracks several firms listed in the U.S. that conduct a majority of their business in China -- has also climbed for the past two days. Yet despite this week’s brief respite, the gauge remains deeply in the red year-to-date, having fallen 35%.</p><p><blockquote>纳斯达克金龙中国指数（追踪几家在美国上市、大部分业务在中国开展的公司）在过去两天也有所攀升。然而，尽管本周出现了短暂的喘息，但该指数今年迄今仍深陷亏损，已下跌35%。</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>China tech names rally in morning trading<blockquote>中国科技股早盘上涨</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina tech names rally in morning trading<blockquote>中国科技股早盘上涨</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\">2021-10-07 21:42</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>(Oct 7)&nbsp;China tech names rally in morning trading.</p><p><blockquote>（10月7日）中国科技股早盘上涨。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/82f43fe405c7a1e296adb418a0267dda\" tg-width=\"343\" tg-height=\"843\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Chinese technology stocks listed in the U.S. are signaling a third day of gains in moring trading after peers in Asia rallied on improved risk appetite.</p><p><blockquote>在亚洲同行因风险偏好改善而上涨后，在美国上市的中国科技股在早盘交易中连续第三天上涨。</blockquote></p><p> Shares in Pinduoduo Inc. rose 4.6% as of 9:44 a.m. in New York, while Alibaba Group Holding Ltd. climbed 5.67%. Other technology shares including Baidu Inc., Bilibili Inc. and DiDi Global Inc. were among American depositary receipts rising.</p><p><blockquote>截至纽约上午9点44分，拼多多股价上涨4.6%，阿里巴巴-SW集团控股有限公司股价上涨5.67%。百度、哔哩哔哩和滴滴出行等其他科技股也在美国存托凭证上涨之列。</blockquote></p><p> Chinese technology stocks&nbsp;rebounded&nbsp;from a record low in Hong Kong on Thursday amid signs of renewed interest in one of China’s biggest tech names. Charlie Munger’s Daily Journal Corp. was&nbsp;reported&nbsp;to have increased its Alibaba stake by 83% last quarter.</p><p><blockquote>中国科技股周四在香港从历史低点反弹，有迹象表明人们对中国最大的科技公司之一重新产生了兴趣。据报道，查理·芒格的Daily Journal Corp.上季度增持了83%的阿里巴巴-SW股份。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/21da2b3e7cd8ae63e949304ad3076747\" tg-width=\"1200\" tg-height=\"675\" referrerpolicy=\"no-referrer\">The Nasdaq Golden Dragon China Index -- which tracks several firms listed in the U.S. that conduct a majority of their business in China -- has also climbed for the past two days. Yet despite this week’s brief respite, the gauge remains deeply in the red year-to-date, having fallen 35%.</p><p><blockquote>纳斯达克金龙中国指数（追踪几家在美国上市、大部分业务在中国开展的公司）在过去两天也有所攀升。然而，尽管本周出现了短暂的喘息，但该指数今年迄今仍深陷亏损，已下跌35%。</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":"1170144488","content_text":"(Oct 7) China tech names rally in morning trading.\n\nChinese technology stocks listed in the U.S. are signaling a third day of gains in moring trading after peers in Asia rallied on improved risk appetite.\nShares in Pinduoduo Inc. rose 4.6% as of 9:44 a.m. in New York, while Alibaba Group Holding Ltd. climbed 5.67%. Other technology shares including Baidu Inc., Bilibili Inc. and DiDi Global Inc. were among American depositary receipts rising.\nChinese technology stocks rebounded from a record low in Hong Kong on Thursday amid signs of renewed interest in one of China’s biggest tech names. Charlie Munger’s Daily Journal Corp. was reported to have increased its Alibaba stake by 83% last quarter.\nThe Nasdaq Golden Dragon China Index -- which tracks several firms listed in the U.S. that conduct a majority of their business in China -- has also climbed for the past two days. Yet despite this week’s brief respite, the gauge remains deeply in the red year-to-date, having fallen 35%.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":719,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":869948617,"gmtCreate":1632238171839,"gmtModify":1632801834014,"author":{"id":"3581908140966834","authorId":"3581908140966834","name":"ssky","avatar":"https://static.tigerbbs.com/c557c3de7ee44da7b994d97552ac2735","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581908140966834","idStr":"3581908140966834"},"themes":[],"htmlText":"Bear claw","listText":"Bear claw","text":"Bear claw","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/869948617","repostId":"1154232593","repostType":4,"repost":{"id":"1154232593","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":1632236324,"share":"https://www.laohu8.com/m/news/1154232593?lang=zh_CN&edition=full","pubTime":"2021-09-21 22:58","market":"us","language":"en","title":"Dow erases a 343-point rebound and turns red<blockquote>道指抹去343点反弹并翻红</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1154232593","media":"Tiger Newspress","summary":"(Sept 21) After yesterday afternoon's surge higher, futures markets overnight extended the momentum,","content":"<p>(Sept 21)&nbsp;After yesterday afternoon's surge higher, futures markets overnight extended the momentum, lifting US markets up over 1% at their peak around the European open (remember, much of Asian liquidity is on holiday still).</p><p><blockquote>（9月21日）在昨天下午飙升后，期货市场隔夜延续了这一势头，推动美国市场在欧洲开盘前后的峰值上涨超过1%（请记住，大部分亚洲流动性仍在度假）。</blockquote></p><p> Since then, things have gone downhill and the selling pressure since the US opened has sent Small Caps, S&amp;P, Dow, and Nasdaq into the red for the day...</p><p><blockquote>从那以后，事情开始走下坡路，自美国开盘以来的抛售压力导致小盘股、S&amp;P、道琼斯和纳斯达克当天出现亏损...</blockquote></p><p> <img src=\"https://static.tigerbbs.com/098e0b3b1c0255545ee40a5e5ac19c60\" tg-width=\"1232\" tg-height=\"578\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Dow erases a 343-point rebound and turns red<blockquote>道指抹去343点反弹并翻红</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\">\nDow erases a 343-point rebound and turns red<blockquote>道指抹去343点反弹并翻红</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\">2021-09-21 22:58</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>(Sept 21)&nbsp;After yesterday afternoon's surge higher, futures markets overnight extended the momentum, lifting US markets up over 1% at their peak around the European open (remember, much of Asian liquidity is on holiday still).</p><p><blockquote>（9月21日）在昨天下午飙升后，期货市场隔夜延续了这一势头，推动美国市场在欧洲开盘前后的峰值上涨超过1%（请记住，大部分亚洲流动性仍在度假）。</blockquote></p><p> Since then, things have gone downhill and the selling pressure since the US opened has sent Small Caps, S&amp;P, Dow, and Nasdaq into the red for the day...</p><p><blockquote>从那以后，事情开始走下坡路，自美国开盘以来的抛售压力导致小盘股、S&amp;P、道琼斯和纳斯达克当天出现亏损...</blockquote></p><p> <img src=\"https://static.tigerbbs.com/098e0b3b1c0255545ee40a5e5ac19c60\" tg-width=\"1232\" tg-height=\"578\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1154232593","content_text":"(Sept 21) After yesterday afternoon's surge higher, futures markets overnight extended the momentum, lifting US markets up over 1% at their peak around the European open (remember, much of Asian liquidity is on holiday still).\nSince then, things have gone downhill and the selling pressure since the US opened has sent Small Caps, S&P, Dow, and Nasdaq into the red for the day...","news_type":1,"symbols_score_info":{".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":233,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":880891986,"gmtCreate":1631028846845,"gmtModify":1631883690319,"author":{"id":"3581908140966834","authorId":"3581908140966834","name":"ssky","avatar":"https://static.tigerbbs.com/c557c3de7ee44da7b994d97552ac2735","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581908140966834","idStr":"3581908140966834"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/FUTU\">$Futu Holdings Limited(FUTU)$</a>uptrend?","listText":"<a href=\"https://laohu8.com/S/FUTU\">$Futu Holdings Limited(FUTU)$</a>uptrend?","text":"$Futu Holdings Limited(FUTU)$uptrend?","images":[{"img":"https://static.tigerbbs.com/da773b39100292358819e1f68224e705","width":"720","height":"1433"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/880891986","isVote":1,"tweetType":1,"viewCount":382,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":834591407,"gmtCreate":1629812183109,"gmtModify":1631890181062,"author":{"id":"3581908140966834","authorId":"3581908140966834","name":"ssky","avatar":"https://static.tigerbbs.com/c557c3de7ee44da7b994d97552ac2735","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581908140966834","idStr":"3581908140966834"},"themes":[],"htmlText":"Unstoppable&nbsp;","listText":"Unstoppable&nbsp;","text":"Unstoppable","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/834591407","repostId":"1129205176","repostType":4,"repost":{"id":"1129205176","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":1629812035,"share":"https://www.laohu8.com/m/news/1129205176?lang=zh_CN&edition=full","pubTime":"2021-08-24 21:33","market":"us","language":"en","title":"Stocks open slightly higher with the Nasdaq jumping to a record<blockquote>纳斯达克创历史新高，股市小幅高开</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1129205176","media":"Tiger Newspress","summary":"Stocks edged higher Tuesday morning following a broad-based rally on news that U.S. regulators grant","content":"<p>Stocks edged higher Tuesday morning following a broad-based rally on news that U.S. regulators granted full approval for Pfizer-BioNTech’s Covid vaccine.</p><p><blockquote>美国监管机构全面批准辉瑞BioNTech的新冠疫苗的消息传出后，股市普遍上涨，周二上午小幅走高。</blockquote></p><p> The Dow Jones Industrial Average rose 69 points. The S&amp;P 500 and Nasdaq Composite added 0.7% and 0.28%, respectively.</p><p><blockquote>道琼斯工业平均指数上涨69点。标普500和纳斯达克综合指数分别上涨0.7%和0.28%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/83b79f69ce17bc1186a0c018fb756703\" tg-width=\"1040\" tg-height=\"434\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> The market started the week on a high note as shares sensitive to an economic recovery jumped on optimism that&nbsp;the vaccine approval&nbsp;would clear path for more mandates in the face of the spread of the delta variant.</p><p><blockquote>市场本周开局走高，对经济复苏敏感的股票上涨，因为人们乐观地认为疫苗的批准将为面对德尔塔变异毒株的蔓延而实施更多授权扫清道路。</blockquote></p><p> \"Considering the recent spike in cases and some of the disappointing economic data, this is another step in the right direction, and it helps give confidence to those who might still be holding out on getting the vaccine,\" said Ryan Detrick, chief market strategist at LPL Financial.</p><p><blockquote>首席市场官瑞安·德特里克(Ryan Detrick)表示：“考虑到最近病例激增和一些令人失望的经济数据，这是朝着正确方向迈出的又一步，它有助于增强那些可能仍在坚持接种疫苗的人的信心。”LPL金融策略师。</blockquote></p><p> Chinese stocks are leading the Nasdaq as investors have been getting more clarity on China's regulatory outlook and buying shares of names that have taken a beating lately. Pinduoduo jumped 16% while JD.com rose 10% and Didi climbed 8.5%.</p><p><blockquote>随着投资者对中国监管前景更加清晰，并购买最近遭受重创的股票，中国股市领涨纳斯达克。拼多多上涨16%，京东上涨10%，滴滴上涨8.5%。</blockquote></p><p> Best Buy shares rose 6% after the electronics retailer&nbsp;beat estimates on the top and bottom lines&nbsp;for the second quarter. Nordstrom is set to report after the close.</p><p><blockquote>电子产品零售商百思买第二季度的营收和利润超出预期，该公司股价上涨6%。诺德斯特龙将于收盘后发布报告。</blockquote></p><p> The S&amp;P 500 closed Monday's session 0.8% higher after touching an intraday record high. The tech-heavy Nasdaq Composite rose about 1.5% to hit a record closing high. The Dow Jones Industrial Average gained more than 200 points on Monday.</p><p><blockquote>标普500周一收盘上涨0.8%，此前触及盘中历史新高。以科技股为主的纳斯达克综合指数上涨约1.5%，创下收盘历史新高。道琼斯工业平均指数周一上涨超过200点。</blockquote></p><p> Investor are eyeing the Jackson Hole&nbsp;symposium later this week, which is expected to be a market-moving event where central bankers could detail their plans for tapering monetary stimulus. The Federal Reserve has started discussions to pull back its $120 billion a month bond-buying program by the end of this year.</p><p><blockquote>投资者正在关注本周晚些时候的杰克逊霍尔研讨会，预计这将是一次影响市场的活动，各国央行行长可能会在会上详细介绍他们缩减货币刺激的计划。美联储已经开始讨论在今年年底前撤回每月1200亿美元的债券购买计划。</blockquote></p><p> The summit takes place virtually on Thursday and Fed Chairman Jerome Powell will give a speech on Friday.</p><p><blockquote>峰会实际上将于周四举行，美联储主席杰罗姆·鲍威尔将于周五发表讲话。</blockquote></p><p> “The Fed may make a taper announcement in September or November, but it will probably be a slow taper with no commitment over interest rate hikes.” said Edward Moya, senior market analyst at Oanda.</p><p><blockquote>“美联储可能会在9月或11月宣布taper，但很可能是缓慢的taper，不会承诺加息。”Oanda高级市场分析师Edward Moya表示。</blockquote></p><p> The second-quarter earnings season is winding down with more than 90% S&amp;P 500 companies having reported results. S&amp;P 500 is poised to grow its earnings by 94.7% year over year, according to Refinitiv.</p><p><blockquote>第二季度财报季即将结束，超过90%的标普500公司已经公布了业绩。据Refinitiv称，标普500的盈利预计将同比增长94.7%。</blockquote></p><p> There is little in the way of economic data before the bell, but investors will get a look at residential home sales at 10 am ET as well as the Richmond Fed’s business activity survey.</p><p><blockquote>盘前几乎没有经济数据，但投资者将看到美国东部时间上午10点的住宅销售以及里士满联储的商业活动调查。</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>Stocks open slightly higher with the Nasdaq jumping to a record<blockquote>纳斯达克创历史新高，股市小幅高开</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\">\nStocks open slightly higher with the Nasdaq jumping to a record<blockquote>纳斯达克创历史新高，股市小幅高开</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-08-24 21:33</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Stocks edged higher Tuesday morning following a broad-based rally on news that U.S. regulators granted full approval for Pfizer-BioNTech’s Covid vaccine.</p><p><blockquote>美国监管机构全面批准辉瑞BioNTech的新冠疫苗的消息传出后，股市普遍上涨，周二上午小幅走高。</blockquote></p><p> The Dow Jones Industrial Average rose 69 points. The S&amp;P 500 and Nasdaq Composite added 0.7% and 0.28%, respectively.</p><p><blockquote>道琼斯工业平均指数上涨69点。标普500和纳斯达克综合指数分别上涨0.7%和0.28%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/83b79f69ce17bc1186a0c018fb756703\" tg-width=\"1040\" tg-height=\"434\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> The market started the week on a high note as shares sensitive to an economic recovery jumped on optimism that&nbsp;the vaccine approval&nbsp;would clear path for more mandates in the face of the spread of the delta variant.</p><p><blockquote>市场本周开局走高，对经济复苏敏感的股票上涨，因为人们乐观地认为疫苗的批准将为面对德尔塔变异毒株的蔓延而实施更多授权扫清道路。</blockquote></p><p> \"Considering the recent spike in cases and some of the disappointing economic data, this is another step in the right direction, and it helps give confidence to those who might still be holding out on getting the vaccine,\" said Ryan Detrick, chief market strategist at LPL Financial.</p><p><blockquote>首席市场官瑞安·德特里克(Ryan Detrick)表示：“考虑到最近病例激增和一些令人失望的经济数据，这是朝着正确方向迈出的又一步，它有助于增强那些可能仍在坚持接种疫苗的人的信心。”LPL金融策略师。</blockquote></p><p> Chinese stocks are leading the Nasdaq as investors have been getting more clarity on China's regulatory outlook and buying shares of names that have taken a beating lately. Pinduoduo jumped 16% while JD.com rose 10% and Didi climbed 8.5%.</p><p><blockquote>随着投资者对中国监管前景更加清晰，并购买最近遭受重创的股票，中国股市领涨纳斯达克。拼多多上涨16%，京东上涨10%，滴滴上涨8.5%。</blockquote></p><p> Best Buy shares rose 6% after the electronics retailer&nbsp;beat estimates on the top and bottom lines&nbsp;for the second quarter. Nordstrom is set to report after the close.</p><p><blockquote>电子产品零售商百思买第二季度的营收和利润超出预期，该公司股价上涨6%。诺德斯特龙将于收盘后发布报告。</blockquote></p><p> The S&amp;P 500 closed Monday's session 0.8% higher after touching an intraday record high. The tech-heavy Nasdaq Composite rose about 1.5% to hit a record closing high. The Dow Jones Industrial Average gained more than 200 points on Monday.</p><p><blockquote>标普500周一收盘上涨0.8%，此前触及盘中历史新高。以科技股为主的纳斯达克综合指数上涨约1.5%，创下收盘历史新高。道琼斯工业平均指数周一上涨超过200点。</blockquote></p><p> Investor are eyeing the Jackson Hole&nbsp;symposium later this week, which is expected to be a market-moving event where central bankers could detail their plans for tapering monetary stimulus. The Federal Reserve has started discussions to pull back its $120 billion a month bond-buying program by the end of this year.</p><p><blockquote>投资者正在关注本周晚些时候的杰克逊霍尔研讨会，预计这将是一次影响市场的活动，各国央行行长可能会在会上详细介绍他们缩减货币刺激的计划。美联储已经开始讨论在今年年底前撤回每月1200亿美元的债券购买计划。</blockquote></p><p> The summit takes place virtually on Thursday and Fed Chairman Jerome Powell will give a speech on Friday.</p><p><blockquote>峰会实际上将于周四举行，美联储主席杰罗姆·鲍威尔将于周五发表讲话。</blockquote></p><p> “The Fed may make a taper announcement in September or November, but it will probably be a slow taper with no commitment over interest rate hikes.” said Edward Moya, senior market analyst at Oanda.</p><p><blockquote>“美联储可能会在9月或11月宣布taper，但很可能是缓慢的taper，不会承诺加息。”Oanda高级市场分析师Edward Moya表示。</blockquote></p><p> The second-quarter earnings season is winding down with more than 90% S&amp;P 500 companies having reported results. S&amp;P 500 is poised to grow its earnings by 94.7% year over year, according to Refinitiv.</p><p><blockquote>第二季度财报季即将结束，超过90%的标普500公司已经公布了业绩。据Refinitiv称，标普500的盈利预计将同比增长94.7%。</blockquote></p><p> There is little in the way of economic data before the bell, but investors will get a look at residential home sales at 10 am ET as well as the Richmond Fed’s business activity survey.</p><p><blockquote>盘前几乎没有经济数据，但投资者将看到美国东部时间上午10点的住宅销售以及里士满联储的商业活动调查。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1129205176","content_text":"Stocks edged higher Tuesday morning following a broad-based rally on news that U.S. regulators granted full approval for Pfizer-BioNTech’s Covid vaccine.\nThe Dow Jones Industrial Average rose 69 points. The S&P 500 and Nasdaq Composite added 0.7% and 0.28%, respectively.\n\nThe market started the week on a high note as shares sensitive to an economic recovery jumped on optimism that the vaccine approval would clear path for more mandates in the face of the spread of the delta variant.\n\"Considering the recent spike in cases and some of the disappointing economic data, this is another step in the right direction, and it helps give confidence to those who might still be holding out on getting the vaccine,\" said Ryan Detrick, chief market strategist at LPL Financial.\nChinese stocks are leading the Nasdaq as investors have been getting more clarity on China's regulatory outlook and buying shares of names that have taken a beating lately. Pinduoduo jumped 16% while JD.com rose 10% and Didi climbed 8.5%.\nBest Buy shares rose 6% after the electronics retailer beat estimates on the top and bottom lines for the second quarter. Nordstrom is set to report after the close.\nThe S&P 500 closed Monday's session 0.8% higher after touching an intraday record high. The tech-heavy Nasdaq Composite rose about 1.5% to hit a record closing high. The Dow Jones Industrial Average gained more than 200 points on Monday.\nInvestor are eyeing the Jackson Hole symposium later this week, which is expected to be a market-moving event where central bankers could detail their plans for tapering monetary stimulus. The Federal Reserve has started discussions to pull back its $120 billion a month bond-buying program by the end of this year.\nThe summit takes place virtually on Thursday and Fed Chairman Jerome Powell will give a speech on Friday.\n“The Fed may make a taper announcement in September or November, but it will probably be a slow taper with no commitment over interest rate hikes.” said Edward Moya, senior market analyst at Oanda.\nThe second-quarter earnings season is winding down with more than 90% S&P 500 companies having reported results. S&P 500 is poised to grow its earnings by 94.7% year over year, according to Refinitiv.\nThere is little in the way of economic data before the bell, but investors will get a look at residential home sales at 10 am ET as well as the Richmond Fed’s business activity survey.","news_type":1,"symbols_score_info":{".SPX":0.9,".IXIC":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":451,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":892339550,"gmtCreate":1628638434470,"gmtModify":1633745583935,"author":{"id":"3581908140966834","authorId":"3581908140966834","name":"ssky","avatar":"https://static.tigerbbs.com/c557c3de7ee44da7b994d97552ac2735","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581908140966834","idStr":"3581908140966834"},"themes":[],"htmlText":"Unstoppable&nbsp;","listText":"Unstoppable&nbsp;","text":"Unstoppable","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/892339550","repostId":"2158035654","repostType":4,"isVote":1,"tweetType":1,"viewCount":442,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":808828338,"gmtCreate":1627569634324,"gmtModify":1633758188324,"author":{"id":"3581908140966834","authorId":"3581908140966834","name":"ssky","avatar":"https://static.tigerbbs.com/c557c3de7ee44da7b994d97552ac2735","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581908140966834","idStr":"3581908140966834"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/PLTR\">$Palantir Technologies Inc.(PLTR)$</a>to the moon","listText":"<a href=\"https://laohu8.com/S/PLTR\">$Palantir Technologies Inc.(PLTR)$</a>to the moon","text":"$Palantir Technologies Inc.(PLTR)$to the moon","images":[{"img":"https://static.tigerbbs.com/d7314978f79ed7470a79d652582ac549","width":"720","height":"1280"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/808828338","isVote":1,"tweetType":1,"viewCount":429,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"lives":[]}