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hellodarz888

hellodarz888

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2021-12-29

Quite optimistic TPs within 2022 expected to be volatile

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2021-12-29

Hold on

TSLA Stock Price Predictions: Why These 2 Analysts Are Increasing Their Targets for Tesla in 2022<blockquote>特斯拉股价预测：为什么这两位分析师提高了 2022 年特斯拉的目标</blockquote>

2021-12-22

Its non govt contracts will be impt to show its growth is sustainable

Palantir: Buy The Dip Before Year-End<blockquote>Palantir：年底前逢低买入</blockquote>

2021-12-16

Yeaaaa

5 Best Value Stocks in Warren Buffett’s Portfolio<blockquote>沃伦·巴菲特投资组合中最有价值的 5 只股票</blockquote>

2021-12-16

Yea lets see! Micron!!!!

The Next Top Electric Vehicle Stock: Look Out Tesla And Apple<blockquote>下一个顶级电动汽车股票：留意特斯拉和苹果</blockquote>

2021-12-12

Really?

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2021-12-12

Gogogo

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2021-12-12

Gogogo

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2021-12-12

Lets go

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2021-12-11

well just doyd and everyone will judge and decide on their own

@skjfhdn:$阿里巴巴-SW(09988)$我来给做多一点安慰话吧，这个价位根本不用担心，只要不杠杠坚持，为什么大家一直骂阿里，因为大家都觉得现在股价严重低估了，持有的人肯定不会在这个低价位卖出，做空的人和机构也懂，这个价位机会肯定比其他股要低、风险要大，加上证监委辟谣，很可能会把回笼资金投资其他，这个时候很多人应该还在等入金补仓吧，想建仓的也蠢蠢欲动，毕竟这个价位在跌10%也能接受，持仓的有资金还是会加注，空头也在车场，至少我是我也不怕，剩下就是时间了[开心] 别人恐惧我就是贪婪.

2021-12-10

Very safe

@EWCYS:$Apple(AAPL)$An Apple a day, keeps the doctor away! Even in this pandemic [Happy]

2021-12-06

Sounds interesting! Safe bet is Meta though

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2021-12-01

Lets see. In times of uncertainty there are many change of mind!

Hawkish Powell Is a Force Markets Haven’t Faced in Three Years<blockquote>鹰派鲍威尔是市场三年来从未面临过的力量</blockquote>

2021-12-01

Too many EV! Is the barrier of entry low?

Chinese Budget-EV Startup Neta Reports 372% Rise In November Deliveries<blockquote>中国经济型电动汽车初创公司 Neta 报告 11 月份交付量增长 372%</blockquote>

2021-11-30

Thanks

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2021-11-30

Lets see what he brings in ideas and direction

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2021-11-30

Good for them to diversify

Samsung to supply new advanced auto chip to Volkswagen<blockquote>三星将向大众汽车供应新型先进汽车芯片</blockquote>

2021-11-29

Let's watch

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2021-11-29

A biz that needs diversification

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2021-11-29

Okay looks gd

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optimistic TPs within 2022 expected to be volatile","listText":"Quite optimistic TPs within 2022 expected to be volatile","text":"Quite optimistic TPs within 2022 expected to be volatile","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/696441434","repostId":"2194074487","repostType":2,"isVote":1,"tweetType":1,"viewCount":3000,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":696441934,"gmtCreate":1640755668734,"gmtModify":1640755668953,"author":{"id":"3583033675115574","authorId":"3583033675115574","name":"hellodarz888","avatar":"https://static.tigerbbs.com/4e5f7fa39ea3c821aa8099f517287dcb","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583033675115574","idStr":"3583033675115574"},"themes":[],"title":"","htmlText":"Hold on","listText":"Hold on","text":"Hold on","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/696441934","repostId":"1147732268","repostType":2,"repost":{"id":"1147732268","kind":"news","pubTimestamp":1640743383,"share":"https://www.laohunote.com/m/news/1147732268?lang=zh_CN&edition=full","pubTime":"2021-12-29 10:03","market":"us","language":"en","title":"TSLA Stock Price Predictions: Why These 2 Analysts Are Increasing Their Targets for Tesla in 2022<blockquote>特斯拉股价预测：为什么这两位分析师提高了 2022 年特斯拉的目标</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1147732268","media":"InvestorPlace","summary":"After opening higher by 1.4% on Tuesday, shares of Tesla(NASDAQ:TSLA) have taken a turn. TSLA stock ","content":"<p><div> After opening higher by 1.4% on Tuesday, shares of Tesla(NASDAQ:TSLA) have taken a turn. TSLA stock is down 0.5% today, despite a pair of analyst price-target hikes. However, if these price targets ...</p><p><blockquote><div>周二开盘上涨 1.4% 后，特斯拉（纳斯达克股票代码：TSLA）股价发生了转变。尽管分析师两次上调目标价，特斯拉股价今天仍下跌 0.5%。然而，如果这些价格目标……</div></blockquote></p><p>  <a href=\"https://investorplace.com/2021/12/tsla-stock-price-predictions-why-these-2-analysts-are-increasing-their-targets-for-tesla-in-2022/\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://investorplace.com/2021/12/tsla-stock-price-predictions-why-these-2-analysts-are-increasing-their-targets-for-tesla-in-2022/\">网页连接</a></blockquote></p><p></p>","source":"lsy1606302653667","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>TSLA Stock Price Predictions: Why These 2 Analysts Are Increasing Their Targets for Tesla in 2022<blockquote>特斯拉股价预测：为什么这两位分析师提高了 2022 年特斯拉的目标</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\">\nTSLA Stock Price Predictions: Why These 2 Analysts Are Increasing Their Targets for Tesla in 2022<blockquote>特斯拉股价预测：为什么这两位分析师提高了 2022 年特斯拉的目标</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">InvestorPlace</strong><span class=\"h-time small\">2021-12-29 10:03</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> After opening higher by 1.4% on Tuesday, shares of Tesla(NASDAQ:TSLA) have taken a turn. TSLA stock is down 0.5% today, despite a pair of analyst price-target hikes. However, if these price targets ...</p><p><blockquote><div>周二开盘上涨 1.4% 后，特斯拉（纳斯达克股票代码：TSLA）股价发生了转变。尽管分析师两次上调目标价，特斯拉股价今天仍下跌 0.5%。然而，如果这些价格目标……</div></blockquote></p><p>  <a href=\"https://investorplace.com/2021/12/tsla-stock-price-predictions-why-these-2-analysts-are-increasing-their-targets-for-tesla-in-2022/\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://investorplace.com/2021/12/tsla-stock-price-predictions-why-these-2-analysts-are-increasing-their-targets-for-tesla-in-2022/\">网页连接</a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://investorplace.com/2021/12/tsla-stock-price-predictions-why-these-2-analysts-are-increasing-their-targets-for-tesla-in-2022/\">InvestorPlace</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://investorplace.com/2021/12/tsla-stock-price-predictions-why-these-2-analysts-are-increasing-their-targets-for-tesla-in-2022/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1147732268","content_text":"After opening higher by 1.4% on Tuesday, shares of Tesla(NASDAQ:TSLA) have taken a turn. TSLA stock is down 0.5% today, despite a pair of analyst price-target hikes. However, if these price targets come to fruition, today’s action will be a distant memory.\nArgus Researchupped its target to $1,313 from $1,010.Wedbush’s Dan Ives also raised his price target, upping it to $1,400 from $1,100.\nIves argues that Tesla’s China business could increase the stock price by another $400 per share in 2022. Furthermore, he estimates that Tesla will deliver between 1.4 million and 1.5 million vehicles next year. However, there could be even more upside. Ives has a bull-case price target of $1,800 per share. If achieved, it would represent about 66% upside in TSLA stock from current levels.\nAccording to Ives, “Musk & Co. have navigated the chip supply shortages better than any automaker globally over the last six months, which is why Tesla is in a clear position of strength heading into 2022 with an inflection point year ahead.”\nFurther, he says there are three main catalysts for a higher stock price this year: “By the end of 2022 Tesla will have the capacity for overall ~2 million units annually from roughly 1 million today … Austin has a clear path to launching its key flagship US factory (and HQ) in early 2022 … [Tesla can] further expand its auto [gross margins] and profitability profile over the next 12 to 18 months.”\nThe latest analyst actions aren’t the only bullish calls this month. A few weeks ago, New Street analyst Pierre Ferraguincreased his price target from $1,298 to a Street-high $1,580. The bullish stance comes from high expectations for the company’s Shanghai plant, believing it will turnout 700,000 vehicles annually. Additionally, the analyst believes Tesla will surpass its delivery estimate of 266,000 units in the fourth quarter.\nTSLA Stock This Year\nSo far for the year, TSLA stock is up about 53%. While that’s vastly better than Nio(NYSE:NIO) and several of the newcomers in the EV space, Tesla’s performance lags Ford(NYSE:F) and Lucid Motors(NASDAQ:LCID), which are up 137% and 275% on the year, respectively.\nWhile shares are down slightly on the day now, TSLA stock is still up more than 20% from last week’s low. The rally helped the company regain its $1 trillion market capitalization, by far the largest in the auto sector.","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":2817,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":691899487,"gmtCreate":1640159557437,"gmtModify":1640159595893,"author":{"id":"3583033675115574","authorId":"3583033675115574","name":"hellodarz888","avatar":"https://static.tigerbbs.com/4e5f7fa39ea3c821aa8099f517287dcb","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583033675115574","idStr":"3583033675115574"},"themes":[],"title":"","htmlText":"Its non govt contracts will be impt to show its growth is sustainable&nbsp;","listText":"Its non govt contracts will be impt to show its growth is sustainable&nbsp;","text":"Its non govt contracts will be impt to show its growth is sustainable","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/691899487","repostId":"1184116002","repostType":2,"repost":{"id":"1184116002","kind":"news","pubTimestamp":1640140972,"share":"https://www.laohunote.com/m/news/1184116002?lang=zh_CN&edition=full","pubTime":"2021-12-22 10:42","market":"us","language":"en","title":"Palantir: Buy The Dip Before Year-End<blockquote>Palantir：年底前逢低买入</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1184116002","media":"Seeking Alpha","summary":"Summary\n\nShares of Palantir have dropped 30% since the start of November, despite a fundamental busi","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Shares of Palantir have dropped 30% since the start of November, despite a fundamental business that continues to thrive.</li>  <li>In particular, Palantir has been successful at diversifying away from government contracts, with overall commercial revenue growth accelerating in Q3 and more than doubling in the U.S.</li>  <li>Still, the government business is not slacking, with the company winning recent contracts with the Air Force, Department of Health and Human Services, and National Institutes of Health.</li>  <li>Cash flow is also trending ahead of plan, driving the company to boost its full-year cash flow guidance by $100 million.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d27ed9cd275848c088c2f7966c6a9b0c\" tg-width=\"1536\" tg-height=\"1024\" width=\"100%\" height=\"auto\"><span>Andreas Rentz/Getty Images Entertainment</span></p><p><blockquote><ul><li>尽管基本面业务持续蓬勃发展，但 Palantir 的股价自 11 月初以来已下跌 30%。</li><li>特别是，Palantir 成功地实现了政府合同的多元化，第三季度整体商业收入增长加速，在美国增长了一倍多。</li><li>尽管如此，政府业务并没有懈怠，该公司最近赢得了与空军、卫生与公众服务部以及美国国立卫生研究院的合同。</li><li>现金流的趋势也超前于计划，推动该公司将全年现金流指引提高了 1 亿美元。</li></ul><p class=\"t-img-caption\"><span>安德烈亚斯·伦茨/盖蒂图片社娱乐</span></p></blockquote></p><p> The mantra of \"thinking and investing for the long term\" is a well-touted investment principle, yet rarely ever put into practice. It's also a rule that is most commonly broken in the tech sector, where investors choose their stocks primarily based on momentum and rarely based on fundamentals and value.</p><p><blockquote>“长期思考和投资”的口头禅是一个被吹捧的投资原则，但很少付诸实践。这也是科技行业最常被打破的规则，投资者主要根据势头选择股票，很少根据基本面和价值。</blockquote></p><p> So when the great growth correction of 2021 happened in the fourth quarter this year, while many stocks certainly deserved a small correction and a breather in valuations, many high-quality names got knocked down multiple pegs far more than their fundamentals justify. In this bucket is Palantir (PLTR), the big data analytics powerhouse which has seen a tremendous correction in its share price despite a business that has never looked healthier.</p><p><blockquote>因此，当 2021 年的大幅增长调整发生在今年第四季度时，虽然许多股票肯定应该得到小幅调整和估值喘息，但许多优质股票受到的多重挂钩打击远远超出了其基本面的合理范围。大数据分析巨头 Palantir (PLTR) 就是其中之一，尽管业务看起来从未如此健康，但其股价却出现了巨大调整。</blockquote></p><p> Perhaps alone among high-profile software IPOs, Palantir has had a very rocky trading journey since going public last October. Palantir took a while to get off the ground, as investors worried early on that the lack of an insider lockup period would pressure Palantir's ability to rally. The stock did end up rallying and peaked near $40 in mid-February, before proceeding to trade in a very jagged and choppy fashion throughout the rest of the year, including a ~30% decline since November alongside other tech growth stocks.</p><p><blockquote>Palantir 可能是备受瞩目的软件 IPO 中唯一一家，自去年 10 月上市以来，它的交易历程非常坎坷。Palantir 花了一段时间才起步，因为投资者很早就担心缺乏内部锁定期会给 Palantir 的反弹能力带来压力。该股最终确实反弹，并在 2 月中旬达到 40 美元附近的峰值，然后在今年剩余时间里以非常锯齿状和波动的方式进行交易，包括自 11 月以来与其他科技股一起下跌了约 30%。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/28dd4c60f2471cddc190b107c562cb57\" tg-width=\"635\" tg-height=\"417\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据由YCharts提供</span></p></blockquote></p><p> Throughout this tumultuous time period, I've happily held onto my Palantir stock, and this company is one of the rare exceptions where I'm&nbsp;<b>very bullish</b>&nbsp;on a stock that is technically trading at quite expensive valuation multiples (though, with the sharp correction from February peaks, Palantir isn't trading at the egregiously expensive multiples it was trading at earlier). I continue to view Palantir as a tech mega-cap in the making, one with a powerhouse software platform that is broadly applicable across industries, and across both the public and private sectors. Currently dominant primarily in the United States, Palantir also has broadly untested expansion opportunities abroad, where innovation in big data and machine learning technologies has not quite yet matured.</p><p><blockquote>在这段动荡的时期，我很高兴地持有我的 Palantir 股票，而这家公司是我持有的少数例外之一<b>非常看涨</b>从技术上讲，这只股票的交易估值倍数相当昂贵（不过，随着 2 月份峰值的大幅回调，Palantir 的交易倍数并没有像之前那样昂贵）。我仍然将 Palantir 视为一家正在形成的科技巨头，拥有广泛适用于各行各业、公共和私营部门的强大软件平台。Palantir目前主要在美国占据主导地位，在大数据和机器学习技术的创新尚未完全成熟的国外也有未经测试的扩张机会。</blockquote></p><p> Stay long here, and add to your positions in Palantir at its new lower price before year-end: in my view, Palantir is well-equipped to outperform the market indices for years to come.</p><p><blockquote>长期留在这里，并在年底前以新的较低价格增加您在 Palantir 的头寸：在我看来，Palantir 有能力在未来几年跑赢市场指数。</blockquote></p><p> <b>Recent wins showcase how prominent Palantir is</b></p><p><blockquote><b>最近的胜利展示了 Palantir 的突出地位</b></blockquote></p><p> Before we get into more granular details and fundamentals, it's worthwhile to illustrate that Palantir has been busy from a go-to-market perspective. The company is always on the heels of some large, transformational deal, and the current situation is no different. In particular, the company has just recently signed a multi-year $60 million deal with the National Institutes of Health:</p><p><blockquote>在我们深入探讨更详细的细节和基本面之前，值得说明的是，Palantir 从上市的角度一直很忙。该公司总是紧随一些大型转型交易之后，目前的情况也不例外。特别是，该公司最近刚刚与美国国立卫生研究院签署了一项价值 6000 万美元的多年期协议：</blockquote></p><p> Figure 1. Palantir NIH win</p><p><blockquote>图1。Palantir ni win</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/db52b9f945c292c1b56f4d6b0a3ed00d\" tg-width=\"640\" tg-height=\"306\" width=\"100%\" height=\"auto\"><span>Source: Palantir Q3 earnings deck</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Palantir 第三季度收益表</span></p></blockquote></p><p> And, building off the strength that Palantir has historically enjoyed with the U.S. armed forces, the company also signed a four-year $87 million deal with the Department of Veterans Affairs:</p><p><blockquote>此外，凭借 Palantir 历来与美国武装部队的实力，该公司还与退伍军人事务部签署了一项为期四年、价值 8700 万美元的协议：</blockquote></p><p> Figure 2. Palantir VA win</p><p><blockquote>图2。帕兰蒂尔和温</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/905489ce382c58d0ea9896420a67ce9a\" tg-width=\"640\" tg-height=\"301\" width=\"100%\" height=\"auto\"><span>Source: Palantir Q3 earnings deck</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Palantir 第三季度收益表</span></p></blockquote></p><p> And though the large deals that Palantir showcase are typically public-sector deals, the company's commercial/enterprise sales have recently picked up steam as well, which we'll discuss in further detail in this article.</p><p><blockquote>尽管Palantir展示的大宗交易通常是公共部门交易，但该公司的商业/企业销售最近也有所上升，我们将在本文中进一步讨论。</blockquote></p><p> <b>The bullish thesis for Palantir, revisited</b></p><p><blockquote><b>Palantir 的看涨论点，重新审视</b></blockquote></p><p> With the recent pessimism in Palantir stock over the past two months, it can be easy for investors to forget the longer-term bullish thesis and fundamental merits that this company possesses in abundance.</p><p><blockquote>由于过去两个月 Palantir 股票的悲观情绪，投资者很容易忘记该公司拥有的长期看涨论点和基本面优势。</blockquote></p><p></p><p> Here's a refresher of all the key reasons why this company is a superstar:</p><p><blockquote>以下是这家公司成为超级明星的所有关键原因：</blockquote></p><p> <ul>  <li><b>Big data is a massive discipline that can be applied in nearly limitless ways.</b>Palantir isn't a software company that serves only one or a limited set of use cases. Data and inferences that can be made from data are prevalent in just about everything: which explains why Palantir is such a powerful tool for both public and private sector clients.</li>  <li><b>Growth at scale.</b>Despite being at a ~$2 billion annual revenue scale, Palantir continues to deliver 30-40% y/y revenue growth, and its long-term outlook calls for the company to be able to sustain growth rates in excess of 30% y/y through at least 2025. Few companies are able to achieve this kind of growth at scale, and it's a testament to the wide applicability of Palantir's products and the humongous clientele it has drawn (in particular, the U.S. Army).</li>  <li><b>Stepping up go-to-market momentum.</b>Palantir is chasing growth across a wide variety of channels. The company has stepped up its sales hiring this year, a nod at the broad market opportunity it has and the need for more territory coverage. Palantir also has deepened relationships with ISVs (integrated service vendors) that can resell Palantir's products without its involvement and offer additional coverage that Palantir's direct sales force can't handle.</li>  <li><b>One foot in the public sector, one foot in private</b>. Palantir made its name on being a large federal government contractor, but its products are just as compelling to an enterprise segment that is growing ever more obsessed with the value of big data. Most software companies start off as primarily dealing with enterprise buyers, and then hopefully getting FedRAMP certification to sell into public sector clients later. Palantir did the reverse: but now, its momentum with Fortune 100 companies is continuing to grow, and customer adds are continuing to trend at an impressive pace.</li>  <li><b>Free cash flow.</b>Though not yet profitable from a GAAP standpoint, Palantir continues to exceed internal expectations for free cash flow, which means the business is self-financing (a departure from. many other rapid-growth software companies that continue to need to raise capital to finance their losses).</li> </ul> <b>Valuation isn't cheap, but more reasonable than in the past</b></p><p><blockquote><ul><li><b>大数据是一门庞大的学科，可以以几乎无限的方式应用。</b>Palantir不是一家只服务于一个或有限一组用例的软件公司。数据和从数据中得出的推论几乎在所有事情中都很普遍：这解释了为什么Palantir对公共和私营部门客户来说都是如此强大的工具。</li><li><b>规模增长。</b>尽管年收入规模约为 20 亿美元，Palantir 仍继续实现 30-40% 的同比收入增长，其长期展望评级是该公司至少到 2025 年能够保持超过 30% 的同比增长率。很少有公司能够实现这种大规模增长，这证明了 Palantir 产品的广泛适用性及其吸引的庞大客户（特别是美国陆军）。</li><li><b>加大上市势头。</b>Palantir 正在通过各种渠道追求增长。该公司今年加大了销售招聘力度，这是对其拥有广阔市场机会以及对更多地区覆盖的需求的认可。Palantir还加深了与ISV（综合服务供应商）的关系，ISV可以在没有其参与的情况下转售Palantir的产品，并提供Palantir直销团队无法处理的额外覆盖范围。</li><li><b>一只脚在公共部门，一只脚在私营部门</b>. Palantir 因成为一家大型联邦政府承包商而声名鹊起，但其产品对越来越痴迷于大数据价值的企业部门来说同样具有吸引力。大多数软件公司一开始主要与企业买家打交道，然后希望获得FedRAMP认证，以便以后销售给公共部门客户。Palantir 的做法恰恰相反：但现在，它与财富 100 强公司的势头持续增长，客户增加继续以令人印象深刻的速度呈现。</li><li><b>自由现金流。</b>尽管从 GAAP 的角度来看尚未盈利，但 Palantir 继续超出自由现金流的内部预期，这意味着该业务是自筹资金的（与许多其他快速增长的软件公司不同，它们仍然需要筹集资金来弥补亏损）。</li></ul><b>估值不便宜，但比过去更合理</b></blockquote></p><p> I wouldn't go so far as to say that Palantir's recent correction has left the stock at cheap levels - but for the caliber of this company's brand, plus its consistent combination of hyper-growth at scale while building up profitability and margins, I view its current valuation as quite reasonable.</p><p><blockquote>我不会说 Palantir 最近的调整使该股处于廉价水平 - 但对于该公司的品牌规模，加上其在建立盈利能力和利润率的同时持续的规模高速增长，我认为它目前的估值相当合理。</blockquote></p><p> At current share prices near $18, Palantir trades at a market cap of $35.99 billion. After netting off the $2.48 billion cash pile on its books (another reason to be bullish on Palantir: it has a load of cash and is unencumbered by debt), its resulting&nbsp;<b>enterprise value is $33.51 billion.</b></p><p><blockquote>目前股价接近 18 美元，Palantir 的市值为 359.9 亿美元。在扣除账面上 24.8 亿美元的现金后（看好 Palantir 的另一个原因：它拥有大量现金，并且不受债务负担），其结果<b>企业价值为335.1亿美元。</b></blockquote></p><p> For next fiscal year FY22, meanwhile, Wall Street analysts are expecting Palantir to deliver $1.98 billion in revenue, representing 30% y/y revenue growth (data from&nbsp;Yahoo Finance). Considering the company has committed to 30%+ annual revenue growth throughout 2022 (and this is a company that has routinely delivered well ahead of its promises), I'd say this outlook is a little dim. Yet regardless of that, at this revenue estimate Palantir trades at&nbsp;<b>16.9x EV/FY22 revenue.</b></p><p><blockquote>与此同时，华尔街分析师预计 Palantir 将实现 19.8 亿美元的收入，同比增长 30%（数据来自雅虎财经）。考虑到该公司承诺在 2022 年全年实现 30% 以上的年收入增长（而且这家公司经常远远超出其承诺），我认为这个前景有点黯淡。尽管如此，根据这一收入估计，Palantir 的交易价格为<b>16.9 倍 EV/2022 财年收入。</b></blockquote></p><p> Again, we can hardly call this cheap, and in the face of rising interest rates, certainly Palantir's prior valuation multiples in the high-20s were unsustainable. But given this company's rapid growth trajectory, I'd say the ~$18 price level still represents a great entry point for the longer-term investor.</p><p><blockquote>同样，我们很难以如此便宜的价格看涨期权，而且面对不断上升的利率，Palantir 之前在 20 多岁的估值倍数肯定是不可持续的。但考虑到这家公司的快速增长轨迹，我认为约 18 美元的价格水平对于长期投资者来说仍然是一个很好的切入点。</blockquote></p><p> <b>Q3 results showcase tremendous fundamental traction, especially in the commercial segment</b></p><p><blockquote><b>第三季度业绩显示了巨大的基本面牵引力，尤其是在商业领域</b></blockquote></p><p> We additionally note that Palantir's end-of-year correction has been accompanied by a continuation of its strong fundamentals. Take a look at the Q3 earnings results below:</p><p><blockquote>我们还注意到，Palantir 的年终调整伴随着其强劲基本面的延续。看看下面的第三季度盈利结果：</blockquote></p><p> Figure 3. Palantir Q3 results</p><p><blockquote>图3。Palantir第三季度业绩</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e606183fac49ce4616a25d86d7fac0cf\" tg-width=\"640\" tg-height=\"585\" width=\"100%\" height=\"auto\"><span>Source: Palantir Q3 earnings deck</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Palantir 第三季度收益表</span></p></blockquote></p><p> Palantir's revenue grew at a robust 35% y/y pace to $392.1 million in the quarter, beating Wall Street's expectations of $386.6 million (+33% y/y) by a two-point margin. We note that revenue growth did decelerate versus 49% y/y growth in Q2, but that's largely due to an easier comp versus the pandemic period in Q2 of last year.</p><p><blockquote>Palantir 本季度收入同比强劲增长 35%，达到 3.921 亿美元，超出华尔街预期的 3.866 亿美元（同比增长 33%）两个百分点。我们注意到，与第二季度 49% 的同比增长率相比，收入增长确实有所放缓，但这主要是由于与去年第二季度的大流行时期相比，收入增长更容易。</blockquote></p><p> The major highlight in Q3 was Palantir's success in driving enterprise go-to-market. The company reported commercial revenue growth of 37% y/y in Q3 - which, despite tougher comps, represented substantial acceleration over the prior few quarters:</p><p><blockquote>第三季度的主要亮点是 Palantir 在推动企业上市方面的成功。该公司报告第三季度商业收入同比增长 37%，尽管竞争更加艰难，但比前几个季度大幅加速：</blockquote></p><p> Figure 4. Palantir commercial revenue trends</p><p><blockquote>图4。Palantir 商业收入趋势</blockquote></p><p></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9ad4016e482cb4fc94422618c18cd3a0\" tg-width=\"640\" tg-height=\"398\" width=\"100%\" height=\"auto\"><span>Source: Palantir Q3 earnings deck</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Palantir 第三季度收益表</span></p></blockquote></p><p> We note as well that when counting U.S. commercial revenue only, Palantir grew domestic enterprise revenue at a blazing&nbsp;<b>103% y/y pace.</b></p><p><blockquote>我们还注意到，仅计算美国商业收入时，Palantir 国内企业收入增长迅猛<b>同比增长 103%。</b></blockquote></p><p> Note as well that as of the moment, Palantir remains a relatively early-stage enterprise software vendor with relatively few, but large customers. Q3 saw the biggest customer expansion in Palantir's history. The company added 34 net-new customers in Q3 to end the quarter at 203 total customers, which is a significant 20% expansion in the company's customer base in the space of a single quarter. Year over year, the company also boosted its commercial customer counts by 46%.</p><p><blockquote>另请注意，截至目前，Palantir仍然是一家相对早期的企业软件供应商，客户相对较少，但规模较大。第三季度见证了 Palantir 历史上最大的客户扩张。该公司第三季度净增客户 34 家，截至本季度末客户总数为 203 家，这意味着该公司客户群在单季度内显着扩大了 20%。该公司的商业客户数量也同比增长了 46%。</blockquote></p><p> Figure 5. Palantir customer adds</p><p><blockquote>图5。Palantir 客户添加</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2c334545c0f1a8387eead268cc0ce5f1\" tg-width=\"640\" tg-height=\"306\" width=\"100%\" height=\"auto\"><span>Source: Palantir Q3 earnings deck</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Palantir 第三季度收益表</span></p></blockquote></p><p> Recall as well that for its enterprise customers, Palantir adopts a \"land and expand\" playbook that many SaaS companies adhere to. These customers may start off as smaller deployments that grow substantially over time.</p><p><blockquote>还要记住，对于其企业客户，Palantir采用了许多SaaS公司坚持的“土地和扩张”策略。这些客户可能从较小的部署开始，随着时间的推移会大幅增长。</blockquote></p><p> Equally worth noting is that Palantir's&nbsp;<b>billings</b>&nbsp;expanded 56% y/y to $347 million. The surplus of Palantir's billings growth rates over its revenue growth, plus the sharp buildup in its remaining performance obligations, give us confidence that the company will be able to make good on its promise of sustaining 30%+ revenue growth for years to come.</p><p><blockquote>同样值得注意的是，Palantir<b>比林斯</b>同比增长 56%，达到 3.47 亿美元。Palantir 的账单增长率超过其收入增长，加上其剩余履约义务的急剧增加，让我们相信该公司将能够兑现未来几年维持 30% 以上收入增长的承诺。</blockquote></p><p> Lastly, a word on profitability. Palantir's customer growth, and at a positive contribution margin as well, has driven the company to dramatically boost its adjusted free cash flow. In Q3, adjusted FCF hit $119 million, or a ~30% adjusted FCF margin - versus cash&nbsp;<b>burn</b>&nbsp;of -$53 million in the prior-year period.</p><p><blockquote>最后，谈谈盈利能力。Palantir 的客户增长以及正贡献率促使该公司大幅增加调整后的自由现金流。第三季度，调整后自由现金流达到 1.19 亿美元，调整后自由现金流利润率约为 30% - 与现金相比<b>燃烧</b>上年同期为-5300万美元。</blockquote></p><p> Figure 6. Palantir FCF trends</p><p><blockquote>图6。Palantir FCF 趋势</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ca53d0292b7696376d644c0d6a85e707\" tg-width=\"640\" tg-height=\"313\" width=\"100%\" height=\"auto\"><span>Source: Palantir Q3 earnings deck</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Palantir 第三季度收益表</span></p></blockquote></p><p> Building on the strength in cash flow that the company has seen all year, Palantir management also increased its annual FCF guidance for FY21 to $400+ million, versus a prior outlook of just $300+ million. These moves, in my view, solidify to investors in a very risk-off market mindset that Palantir isn't just growing robustly, but also keeping profitability balance in mind.</p><p><blockquote>在公司全年现金流强劲的基础上，Palantir 管理层还将 2021 财年的年度自由现金流指引提高至 4 亿多美元，而之前的预期仅为 3 亿多美元。在我看来，这些举措巩固了投资者对风险规避的市场心态，即 Palantir 不仅增长强劲，而且还保持了盈利平衡。</blockquote></p><p> <b>Key takeaways</b></p><p><blockquote><b>主要要点</b></blockquote></p><p> In my view, Palantir retains a very long runway for success. The company's undisputed category leadership in big data and analytics continues to prove out new use cases for both public and private-sector teams, and the fact that Palantir can continue to grow at &gt;30% y/y despite hitting an expected ~$2 billion annual revenue run rate next year further solidifies that Palantir is a unique and rare story in the software sector. Take advantage of the ~30% correction since November to build up a well-timed position in this stock.</p><p><blockquote>在我看来，Palantir 为成功保留了一条很长的跑道。该公司在大数据和分析领域无可争议的类别领先地位继续为公共和私营部门团队证明新的用例，事实上，尽管预计明年年收入将达到约 20 亿美元，但 Palantir 仍能继续以 30% 以上的速度增长明年，这进一步巩固了 Palantir 是软件领域一个独特而罕见的故事。利用 11 月以来约 30% 的回调，及时建仓该股。</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>Palantir: Buy The Dip Before Year-End<blockquote>Palantir：年底前逢低买入</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\">\nPalantir: Buy The Dip Before Year-End<blockquote>Palantir：年底前逢低买入</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Seeking Alpha</strong><span class=\"h-time small\">2021-12-22 10:42</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>Shares of Palantir have dropped 30% since the start of November, despite a fundamental business that continues to thrive.</li>  <li>In particular, Palantir has been successful at diversifying away from government contracts, with overall commercial revenue growth accelerating in Q3 and more than doubling in the U.S.</li>  <li>Still, the government business is not slacking, with the company winning recent contracts with the Air Force, Department of Health and Human Services, and National Institutes of Health.</li>  <li>Cash flow is also trending ahead of plan, driving the company to boost its full-year cash flow guidance by $100 million.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d27ed9cd275848c088c2f7966c6a9b0c\" tg-width=\"1536\" tg-height=\"1024\" width=\"100%\" height=\"auto\"><span>Andreas Rentz/Getty Images Entertainment</span></p><p><blockquote><ul><li>尽管基本面业务持续蓬勃发展，但 Palantir 的股价自 11 月初以来已下跌 30%。</li><li>特别是，Palantir 成功地实现了政府合同的多元化，第三季度整体商业收入增长加速，在美国增长了一倍多。</li><li>尽管如此，政府业务并没有懈怠，该公司最近赢得了与空军、卫生与公众服务部以及美国国立卫生研究院的合同。</li><li>现金流的趋势也超前于计划，推动该公司将全年现金流指引提高了 1 亿美元。</li></ul><p class=\"t-img-caption\"><span>安德烈亚斯·伦茨/盖蒂图片社娱乐</span></p></blockquote></p><p> The mantra of \"thinking and investing for the long term\" is a well-touted investment principle, yet rarely ever put into practice. It's also a rule that is most commonly broken in the tech sector, where investors choose their stocks primarily based on momentum and rarely based on fundamentals and value.</p><p><blockquote>“长期思考和投资”的口头禅是一个被吹捧的投资原则，但很少付诸实践。这也是科技行业最常被打破的规则，投资者主要根据势头选择股票，很少根据基本面和价值。</blockquote></p><p> So when the great growth correction of 2021 happened in the fourth quarter this year, while many stocks certainly deserved a small correction and a breather in valuations, many high-quality names got knocked down multiple pegs far more than their fundamentals justify. In this bucket is Palantir (PLTR), the big data analytics powerhouse which has seen a tremendous correction in its share price despite a business that has never looked healthier.</p><p><blockquote>因此，当 2021 年的大幅增长调整发生在今年第四季度时，虽然许多股票肯定应该得到小幅调整和估值喘息，但许多优质股票受到的多重挂钩打击远远超出了其基本面的合理范围。大数据分析巨头 Palantir (PLTR) 就是其中之一，尽管业务看起来从未如此健康，但其股价却出现了巨大调整。</blockquote></p><p> Perhaps alone among high-profile software IPOs, Palantir has had a very rocky trading journey since going public last October. Palantir took a while to get off the ground, as investors worried early on that the lack of an insider lockup period would pressure Palantir's ability to rally. The stock did end up rallying and peaked near $40 in mid-February, before proceeding to trade in a very jagged and choppy fashion throughout the rest of the year, including a ~30% decline since November alongside other tech growth stocks.</p><p><blockquote>Palantir 可能是备受瞩目的软件 IPO 中唯一一家，自去年 10 月上市以来，它的交易历程非常坎坷。Palantir 花了一段时间才起步，因为投资者很早就担心缺乏内部锁定期会给 Palantir 的反弹能力带来压力。该股最终确实反弹，并在 2 月中旬达到 40 美元附近的峰值，然后在今年剩余时间里以非常锯齿状和波动的方式进行交易，包括自 11 月以来与其他科技股一起下跌了约 30%。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/28dd4c60f2471cddc190b107c562cb57\" tg-width=\"635\" tg-height=\"417\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据由YCharts提供</span></p></blockquote></p><p> Throughout this tumultuous time period, I've happily held onto my Palantir stock, and this company is one of the rare exceptions where I'm&nbsp;<b>very bullish</b>&nbsp;on a stock that is technically trading at quite expensive valuation multiples (though, with the sharp correction from February peaks, Palantir isn't trading at the egregiously expensive multiples it was trading at earlier). I continue to view Palantir as a tech mega-cap in the making, one with a powerhouse software platform that is broadly applicable across industries, and across both the public and private sectors. Currently dominant primarily in the United States, Palantir also has broadly untested expansion opportunities abroad, where innovation in big data and machine learning technologies has not quite yet matured.</p><p><blockquote>在这段动荡的时期，我很高兴地持有我的 Palantir 股票，而这家公司是我持有的少数例外之一<b>非常看涨</b>从技术上讲，这只股票的交易估值倍数相当昂贵（不过，随着 2 月份峰值的大幅回调，Palantir 的交易倍数并没有像之前那样昂贵）。我仍然将 Palantir 视为一家正在形成的科技巨头，拥有广泛适用于各行各业、公共和私营部门的强大软件平台。Palantir目前主要在美国占据主导地位，在大数据和机器学习技术的创新尚未完全成熟的国外也有未经测试的扩张机会。</blockquote></p><p> Stay long here, and add to your positions in Palantir at its new lower price before year-end: in my view, Palantir is well-equipped to outperform the market indices for years to come.</p><p><blockquote>长期留在这里，并在年底前以新的较低价格增加您在 Palantir 的头寸：在我看来，Palantir 有能力在未来几年跑赢市场指数。</blockquote></p><p> <b>Recent wins showcase how prominent Palantir is</b></p><p><blockquote><b>最近的胜利展示了 Palantir 的突出地位</b></blockquote></p><p> Before we get into more granular details and fundamentals, it's worthwhile to illustrate that Palantir has been busy from a go-to-market perspective. The company is always on the heels of some large, transformational deal, and the current situation is no different. In particular, the company has just recently signed a multi-year $60 million deal with the National Institutes of Health:</p><p><blockquote>在我们深入探讨更详细的细节和基本面之前，值得说明的是，Palantir 从上市的角度一直很忙。该公司总是紧随一些大型转型交易之后，目前的情况也不例外。特别是，该公司最近刚刚与美国国立卫生研究院签署了一项价值 6000 万美元的多年期协议：</blockquote></p><p> Figure 1. Palantir NIH win</p><p><blockquote>图1。Palantir ni win</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/db52b9f945c292c1b56f4d6b0a3ed00d\" tg-width=\"640\" tg-height=\"306\" width=\"100%\" height=\"auto\"><span>Source: Palantir Q3 earnings deck</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Palantir 第三季度收益表</span></p></blockquote></p><p> And, building off the strength that Palantir has historically enjoyed with the U.S. armed forces, the company also signed a four-year $87 million deal with the Department of Veterans Affairs:</p><p><blockquote>此外，凭借 Palantir 历来与美国武装部队的实力，该公司还与退伍军人事务部签署了一项为期四年、价值 8700 万美元的协议：</blockquote></p><p> Figure 2. Palantir VA win</p><p><blockquote>图2。帕兰蒂尔和温</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/905489ce382c58d0ea9896420a67ce9a\" tg-width=\"640\" tg-height=\"301\" width=\"100%\" height=\"auto\"><span>Source: Palantir Q3 earnings deck</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Palantir 第三季度收益表</span></p></blockquote></p><p> And though the large deals that Palantir showcase are typically public-sector deals, the company's commercial/enterprise sales have recently picked up steam as well, which we'll discuss in further detail in this article.</p><p><blockquote>尽管Palantir展示的大宗交易通常是公共部门交易，但该公司的商业/企业销售最近也有所上升，我们将在本文中进一步讨论。</blockquote></p><p> <b>The bullish thesis for Palantir, revisited</b></p><p><blockquote><b>Palantir 的看涨论点，重新审视</b></blockquote></p><p> With the recent pessimism in Palantir stock over the past two months, it can be easy for investors to forget the longer-term bullish thesis and fundamental merits that this company possesses in abundance.</p><p><blockquote>由于过去两个月 Palantir 股票的悲观情绪，投资者很容易忘记该公司拥有的长期看涨论点和基本面优势。</blockquote></p><p></p><p> Here's a refresher of all the key reasons why this company is a superstar:</p><p><blockquote>以下是这家公司成为超级明星的所有关键原因：</blockquote></p><p> <ul>  <li><b>Big data is a massive discipline that can be applied in nearly limitless ways.</b>Palantir isn't a software company that serves only one or a limited set of use cases. Data and inferences that can be made from data are prevalent in just about everything: which explains why Palantir is such a powerful tool for both public and private sector clients.</li>  <li><b>Growth at scale.</b>Despite being at a ~$2 billion annual revenue scale, Palantir continues to deliver 30-40% y/y revenue growth, and its long-term outlook calls for the company to be able to sustain growth rates in excess of 30% y/y through at least 2025. Few companies are able to achieve this kind of growth at scale, and it's a testament to the wide applicability of Palantir's products and the humongous clientele it has drawn (in particular, the U.S. Army).</li>  <li><b>Stepping up go-to-market momentum.</b>Palantir is chasing growth across a wide variety of channels. The company has stepped up its sales hiring this year, a nod at the broad market opportunity it has and the need for more territory coverage. Palantir also has deepened relationships with ISVs (integrated service vendors) that can resell Palantir's products without its involvement and offer additional coverage that Palantir's direct sales force can't handle.</li>  <li><b>One foot in the public sector, one foot in private</b>. Palantir made its name on being a large federal government contractor, but its products are just as compelling to an enterprise segment that is growing ever more obsessed with the value of big data. Most software companies start off as primarily dealing with enterprise buyers, and then hopefully getting FedRAMP certification to sell into public sector clients later. Palantir did the reverse: but now, its momentum with Fortune 100 companies is continuing to grow, and customer adds are continuing to trend at an impressive pace.</li>  <li><b>Free cash flow.</b>Though not yet profitable from a GAAP standpoint, Palantir continues to exceed internal expectations for free cash flow, which means the business is self-financing (a departure from. many other rapid-growth software companies that continue to need to raise capital to finance their losses).</li> </ul> <b>Valuation isn't cheap, but more reasonable than in the past</b></p><p><blockquote><ul><li><b>大数据是一门庞大的学科，可以以几乎无限的方式应用。</b>Palantir不是一家只服务于一个或有限一组用例的软件公司。数据和从数据中得出的推论几乎在所有事情中都很普遍：这解释了为什么Palantir对公共和私营部门客户来说都是如此强大的工具。</li><li><b>规模增长。</b>尽管年收入规模约为 20 亿美元，Palantir 仍继续实现 30-40% 的同比收入增长，其长期展望评级是该公司至少到 2025 年能够保持超过 30% 的同比增长率。很少有公司能够实现这种大规模增长，这证明了 Palantir 产品的广泛适用性及其吸引的庞大客户（特别是美国陆军）。</li><li><b>加大上市势头。</b>Palantir 正在通过各种渠道追求增长。该公司今年加大了销售招聘力度，这是对其拥有广阔市场机会以及对更多地区覆盖的需求的认可。Palantir还加深了与ISV（综合服务供应商）的关系，ISV可以在没有其参与的情况下转售Palantir的产品，并提供Palantir直销团队无法处理的额外覆盖范围。</li><li><b>一只脚在公共部门，一只脚在私营部门</b>. Palantir 因成为一家大型联邦政府承包商而声名鹊起，但其产品对越来越痴迷于大数据价值的企业部门来说同样具有吸引力。大多数软件公司一开始主要与企业买家打交道，然后希望获得FedRAMP认证，以便以后销售给公共部门客户。Palantir 的做法恰恰相反：但现在，它与财富 100 强公司的势头持续增长，客户增加继续以令人印象深刻的速度呈现。</li><li><b>自由现金流。</b>尽管从 GAAP 的角度来看尚未盈利，但 Palantir 继续超出自由现金流的内部预期，这意味着该业务是自筹资金的（与许多其他快速增长的软件公司不同，它们仍然需要筹集资金来弥补亏损）。</li></ul><b>估值不便宜，但比过去更合理</b></blockquote></p><p> I wouldn't go so far as to say that Palantir's recent correction has left the stock at cheap levels - but for the caliber of this company's brand, plus its consistent combination of hyper-growth at scale while building up profitability and margins, I view its current valuation as quite reasonable.</p><p><blockquote>我不会说 Palantir 最近的调整使该股处于廉价水平 - 但对于该公司的品牌规模，加上其在建立盈利能力和利润率的同时持续的规模高速增长，我认为它目前的估值相当合理。</blockquote></p><p> At current share prices near $18, Palantir trades at a market cap of $35.99 billion. After netting off the $2.48 billion cash pile on its books (another reason to be bullish on Palantir: it has a load of cash and is unencumbered by debt), its resulting&nbsp;<b>enterprise value is $33.51 billion.</b></p><p><blockquote>目前股价接近 18 美元，Palantir 的市值为 359.9 亿美元。在扣除账面上 24.8 亿美元的现金后（看好 Palantir 的另一个原因：它拥有大量现金，并且不受债务负担），其结果<b>企业价值为335.1亿美元。</b></blockquote></p><p> For next fiscal year FY22, meanwhile, Wall Street analysts are expecting Palantir to deliver $1.98 billion in revenue, representing 30% y/y revenue growth (data from&nbsp;Yahoo Finance). Considering the company has committed to 30%+ annual revenue growth throughout 2022 (and this is a company that has routinely delivered well ahead of its promises), I'd say this outlook is a little dim. Yet regardless of that, at this revenue estimate Palantir trades at&nbsp;<b>16.9x EV/FY22 revenue.</b></p><p><blockquote>与此同时，华尔街分析师预计 Palantir 将实现 19.8 亿美元的收入，同比增长 30%（数据来自雅虎财经）。考虑到该公司承诺在 2022 年全年实现 30% 以上的年收入增长（而且这家公司经常远远超出其承诺），我认为这个前景有点黯淡。尽管如此，根据这一收入估计，Palantir 的交易价格为<b>16.9 倍 EV/2022 财年收入。</b></blockquote></p><p> Again, we can hardly call this cheap, and in the face of rising interest rates, certainly Palantir's prior valuation multiples in the high-20s were unsustainable. But given this company's rapid growth trajectory, I'd say the ~$18 price level still represents a great entry point for the longer-term investor.</p><p><blockquote>同样，我们很难以如此便宜的价格看涨期权，而且面对不断上升的利率，Palantir 之前在 20 多岁的估值倍数肯定是不可持续的。但考虑到这家公司的快速增长轨迹，我认为约 18 美元的价格水平对于长期投资者来说仍然是一个很好的切入点。</blockquote></p><p> <b>Q3 results showcase tremendous fundamental traction, especially in the commercial segment</b></p><p><blockquote><b>第三季度业绩显示了巨大的基本面牵引力，尤其是在商业领域</b></blockquote></p><p> We additionally note that Palantir's end-of-year correction has been accompanied by a continuation of its strong fundamentals. Take a look at the Q3 earnings results below:</p><p><blockquote>我们还注意到，Palantir 的年终调整伴随着其强劲基本面的延续。看看下面的第三季度盈利结果：</blockquote></p><p> Figure 3. Palantir Q3 results</p><p><blockquote>图3。Palantir第三季度业绩</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e606183fac49ce4616a25d86d7fac0cf\" tg-width=\"640\" tg-height=\"585\" width=\"100%\" height=\"auto\"><span>Source: Palantir Q3 earnings deck</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Palantir 第三季度收益表</span></p></blockquote></p><p> Palantir's revenue grew at a robust 35% y/y pace to $392.1 million in the quarter, beating Wall Street's expectations of $386.6 million (+33% y/y) by a two-point margin. We note that revenue growth did decelerate versus 49% y/y growth in Q2, but that's largely due to an easier comp versus the pandemic period in Q2 of last year.</p><p><blockquote>Palantir 本季度收入同比强劲增长 35%，达到 3.921 亿美元，超出华尔街预期的 3.866 亿美元（同比增长 33%）两个百分点。我们注意到，与第二季度 49% 的同比增长率相比，收入增长确实有所放缓，但这主要是由于与去年第二季度的大流行时期相比，收入增长更容易。</blockquote></p><p> The major highlight in Q3 was Palantir's success in driving enterprise go-to-market. The company reported commercial revenue growth of 37% y/y in Q3 - which, despite tougher comps, represented substantial acceleration over the prior few quarters:</p><p><blockquote>第三季度的主要亮点是 Palantir 在推动企业上市方面的成功。该公司报告第三季度商业收入同比增长 37%，尽管竞争更加艰难，但比前几个季度大幅加速：</blockquote></p><p> Figure 4. Palantir commercial revenue trends</p><p><blockquote>图4。Palantir 商业收入趋势</blockquote></p><p></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9ad4016e482cb4fc94422618c18cd3a0\" tg-width=\"640\" tg-height=\"398\" width=\"100%\" height=\"auto\"><span>Source: Palantir Q3 earnings deck</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Palantir 第三季度收益表</span></p></blockquote></p><p> We note as well that when counting U.S. commercial revenue only, Palantir grew domestic enterprise revenue at a blazing&nbsp;<b>103% y/y pace.</b></p><p><blockquote>我们还注意到，仅计算美国商业收入时，Palantir 国内企业收入增长迅猛<b>同比增长 103%。</b></blockquote></p><p> Note as well that as of the moment, Palantir remains a relatively early-stage enterprise software vendor with relatively few, but large customers. Q3 saw the biggest customer expansion in Palantir's history. The company added 34 net-new customers in Q3 to end the quarter at 203 total customers, which is a significant 20% expansion in the company's customer base in the space of a single quarter. Year over year, the company also boosted its commercial customer counts by 46%.</p><p><blockquote>另请注意，截至目前，Palantir仍然是一家相对早期的企业软件供应商，客户相对较少，但规模较大。第三季度见证了 Palantir 历史上最大的客户扩张。该公司第三季度净增客户 34 家，截至本季度末客户总数为 203 家，这意味着该公司客户群在单季度内显着扩大了 20%。该公司的商业客户数量也同比增长了 46%。</blockquote></p><p> Figure 5. Palantir customer adds</p><p><blockquote>图5。Palantir 客户添加</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2c334545c0f1a8387eead268cc0ce5f1\" tg-width=\"640\" tg-height=\"306\" width=\"100%\" height=\"auto\"><span>Source: Palantir Q3 earnings deck</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Palantir 第三季度收益表</span></p></blockquote></p><p> Recall as well that for its enterprise customers, Palantir adopts a \"land and expand\" playbook that many SaaS companies adhere to. These customers may start off as smaller deployments that grow substantially over time.</p><p><blockquote>还要记住，对于其企业客户，Palantir采用了许多SaaS公司坚持的“土地和扩张”策略。这些客户可能从较小的部署开始，随着时间的推移会大幅增长。</blockquote></p><p> Equally worth noting is that Palantir's&nbsp;<b>billings</b>&nbsp;expanded 56% y/y to $347 million. The surplus of Palantir's billings growth rates over its revenue growth, plus the sharp buildup in its remaining performance obligations, give us confidence that the company will be able to make good on its promise of sustaining 30%+ revenue growth for years to come.</p><p><blockquote>同样值得注意的是，Palantir<b>比林斯</b>同比增长 56%，达到 3.47 亿美元。Palantir 的账单增长率超过其收入增长，加上其剩余履约义务的急剧增加，让我们相信该公司将能够兑现未来几年维持 30% 以上收入增长的承诺。</blockquote></p><p> Lastly, a word on profitability. Palantir's customer growth, and at a positive contribution margin as well, has driven the company to dramatically boost its adjusted free cash flow. In Q3, adjusted FCF hit $119 million, or a ~30% adjusted FCF margin - versus cash&nbsp;<b>burn</b>&nbsp;of -$53 million in the prior-year period.</p><p><blockquote>最后，谈谈盈利能力。Palantir 的客户增长以及正贡献率促使该公司大幅增加调整后的自由现金流。第三季度，调整后自由现金流达到 1.19 亿美元，调整后自由现金流利润率约为 30% - 与现金相比<b>燃烧</b>上年同期为-5300万美元。</blockquote></p><p> Figure 6. Palantir FCF trends</p><p><blockquote>图6。Palantir FCF 趋势</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ca53d0292b7696376d644c0d6a85e707\" tg-width=\"640\" tg-height=\"313\" width=\"100%\" height=\"auto\"><span>Source: Palantir Q3 earnings deck</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Palantir 第三季度收益表</span></p></blockquote></p><p> Building on the strength in cash flow that the company has seen all year, Palantir management also increased its annual FCF guidance for FY21 to $400+ million, versus a prior outlook of just $300+ million. These moves, in my view, solidify to investors in a very risk-off market mindset that Palantir isn't just growing robustly, but also keeping profitability balance in mind.</p><p><blockquote>在公司全年现金流强劲的基础上，Palantir 管理层还将 2021 财年的年度自由现金流指引提高至 4 亿多美元，而之前的预期仅为 3 亿多美元。在我看来，这些举措巩固了投资者对风险规避的市场心态，即 Palantir 不仅增长强劲，而且还保持了盈利平衡。</blockquote></p><p> <b>Key takeaways</b></p><p><blockquote><b>主要要点</b></blockquote></p><p> In my view, Palantir retains a very long runway for success. The company's undisputed category leadership in big data and analytics continues to prove out new use cases for both public and private-sector teams, and the fact that Palantir can continue to grow at &gt;30% y/y despite hitting an expected ~$2 billion annual revenue run rate next year further solidifies that Palantir is a unique and rare story in the software sector. Take advantage of the ~30% correction since November to build up a well-timed position in this stock.</p><p><blockquote>在我看来，Palantir 为成功保留了一条很长的跑道。该公司在大数据和分析领域无可争议的类别领先地位继续为公共和私营部门团队证明新的用例，事实上，尽管预计明年年收入将达到约 20 亿美元，但 Palantir 仍能继续以 30% 以上的速度增长明年，这进一步巩固了 Palantir 是软件领域一个独特而罕见的故事。利用 11 月以来约 30% 的回调，及时建仓该股。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4476170-palantir-stock-buy-the-dip-before-year-end\">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":{"PLTR":"Palantir Technologies Inc."},"source_url":"https://seekingalpha.com/article/4476170-palantir-stock-buy-the-dip-before-year-end","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1184116002","content_text":"Summary\n\nShares of Palantir have dropped 30% since the start of November, despite a fundamental business that continues to thrive.\nIn particular, Palantir has been successful at diversifying away from government contracts, with overall commercial revenue growth accelerating in Q3 and more than doubling in the U.S.\nStill, the government business is not slacking, with the company winning recent contracts with the Air Force, Department of Health and Human Services, and National Institutes of Health.\nCash flow is also trending ahead of plan, driving the company to boost its full-year cash flow guidance by $100 million.\n\nAndreas Rentz/Getty Images Entertainment\nThe mantra of \"thinking and investing for the long term\" is a well-touted investment principle, yet rarely ever put into practice. It's also a rule that is most commonly broken in the tech sector, where investors choose their stocks primarily based on momentum and rarely based on fundamentals and value.\nSo when the great growth correction of 2021 happened in the fourth quarter this year, while many stocks certainly deserved a small correction and a breather in valuations, many high-quality names got knocked down multiple pegs far more than their fundamentals justify. In this bucket is Palantir (PLTR), the big data analytics powerhouse which has seen a tremendous correction in its share price despite a business that has never looked healthier.\nPerhaps alone among high-profile software IPOs, Palantir has had a very rocky trading journey since going public last October. Palantir took a while to get off the ground, as investors worried early on that the lack of an insider lockup period would pressure Palantir's ability to rally. The stock did end up rallying and peaked near $40 in mid-February, before proceeding to trade in a very jagged and choppy fashion throughout the rest of the year, including a ~30% decline since November alongside other tech growth stocks.\nData by YCharts\nThroughout this tumultuous time period, I've happily held onto my Palantir stock, and this company is one of the rare exceptions where I'm very bullish on a stock that is technically trading at quite expensive valuation multiples (though, with the sharp correction from February peaks, Palantir isn't trading at the egregiously expensive multiples it was trading at earlier). I continue to view Palantir as a tech mega-cap in the making, one with a powerhouse software platform that is broadly applicable across industries, and across both the public and private sectors. Currently dominant primarily in the United States, Palantir also has broadly untested expansion opportunities abroad, where innovation in big data and machine learning technologies has not quite yet matured.\nStay long here, and add to your positions in Palantir at its new lower price before year-end: in my view, Palantir is well-equipped to outperform the market indices for years to come.\nRecent wins showcase how prominent Palantir is\nBefore we get into more granular details and fundamentals, it's worthwhile to illustrate that Palantir has been busy from a go-to-market perspective. The company is always on the heels of some large, transformational deal, and the current situation is no different. In particular, the company has just recently signed a multi-year $60 million deal with the National Institutes of Health:\nFigure 1. Palantir NIH win\nSource: Palantir Q3 earnings deck\nAnd, building off the strength that Palantir has historically enjoyed with the U.S. armed forces, the company also signed a four-year $87 million deal with the Department of Veterans Affairs:\nFigure 2. Palantir VA win\nSource: Palantir Q3 earnings deck\nAnd though the large deals that Palantir showcase are typically public-sector deals, the company's commercial/enterprise sales have recently picked up steam as well, which we'll discuss in further detail in this article.\nThe bullish thesis for Palantir, revisited\nWith the recent pessimism in Palantir stock over the past two months, it can be easy for investors to forget the longer-term bullish thesis and fundamental merits that this company possesses in abundance.\nHere's a refresher of all the key reasons why this company is a superstar:\n\nBig data is a massive discipline that can be applied in nearly limitless ways.Palantir isn't a software company that serves only one or a limited set of use cases. Data and inferences that can be made from data are prevalent in just about everything: which explains why Palantir is such a powerful tool for both public and private sector clients.\nGrowth at scale.Despite being at a ~$2 billion annual revenue scale, Palantir continues to deliver 30-40% y/y revenue growth, and its long-term outlook calls for the company to be able to sustain growth rates in excess of 30% y/y through at least 2025. Few companies are able to achieve this kind of growth at scale, and it's a testament to the wide applicability of Palantir's products and the humongous clientele it has drawn (in particular, the U.S. Army).\nStepping up go-to-market momentum.Palantir is chasing growth across a wide variety of channels. The company has stepped up its sales hiring this year, a nod at the broad market opportunity it has and the need for more territory coverage. Palantir also has deepened relationships with ISVs (integrated service vendors) that can resell Palantir's products without its involvement and offer additional coverage that Palantir's direct sales force can't handle.\nOne foot in the public sector, one foot in private. Palantir made its name on being a large federal government contractor, but its products are just as compelling to an enterprise segment that is growing ever more obsessed with the value of big data. Most software companies start off as primarily dealing with enterprise buyers, and then hopefully getting FedRAMP certification to sell into public sector clients later. Palantir did the reverse: but now, its momentum with Fortune 100 companies is continuing to grow, and customer adds are continuing to trend at an impressive pace.\nFree cash flow.Though not yet profitable from a GAAP standpoint, Palantir continues to exceed internal expectations for free cash flow, which means the business is self-financing (a departure from. many other rapid-growth software companies that continue to need to raise capital to finance their losses).\n\nValuation isn't cheap, but more reasonable than in the past\nI wouldn't go so far as to say that Palantir's recent correction has left the stock at cheap levels - but for the caliber of this company's brand, plus its consistent combination of hyper-growth at scale while building up profitability and margins, I view its current valuation as quite reasonable.\nAt current share prices near $18, Palantir trades at a market cap of $35.99 billion. After netting off the $2.48 billion cash pile on its books (another reason to be bullish on Palantir: it has a load of cash and is unencumbered by debt), its resulting enterprise value is $33.51 billion.\nFor next fiscal year FY22, meanwhile, Wall Street analysts are expecting Palantir to deliver $1.98 billion in revenue, representing 30% y/y revenue growth (data from Yahoo Finance). Considering the company has committed to 30%+ annual revenue growth throughout 2022 (and this is a company that has routinely delivered well ahead of its promises), I'd say this outlook is a little dim. Yet regardless of that, at this revenue estimate Palantir trades at 16.9x EV/FY22 revenue.\nAgain, we can hardly call this cheap, and in the face of rising interest rates, certainly Palantir's prior valuation multiples in the high-20s were unsustainable. But given this company's rapid growth trajectory, I'd say the ~$18 price level still represents a great entry point for the longer-term investor.\nQ3 results showcase tremendous fundamental traction, especially in the commercial segment\nWe additionally note that Palantir's end-of-year correction has been accompanied by a continuation of its strong fundamentals. Take a look at the Q3 earnings results below:\nFigure 3. Palantir Q3 results\nSource: Palantir Q3 earnings deck\nPalantir's revenue grew at a robust 35% y/y pace to $392.1 million in the quarter, beating Wall Street's expectations of $386.6 million (+33% y/y) by a two-point margin. We note that revenue growth did decelerate versus 49% y/y growth in Q2, but that's largely due to an easier comp versus the pandemic period in Q2 of last year.\nThe major highlight in Q3 was Palantir's success in driving enterprise go-to-market. The company reported commercial revenue growth of 37% y/y in Q3 - which, despite tougher comps, represented substantial acceleration over the prior few quarters:\nFigure 4. Palantir commercial revenue trends\nSource: Palantir Q3 earnings deck\nWe note as well that when counting U.S. commercial revenue only, Palantir grew domestic enterprise revenue at a blazing 103% y/y pace.\nNote as well that as of the moment, Palantir remains a relatively early-stage enterprise software vendor with relatively few, but large customers. Q3 saw the biggest customer expansion in Palantir's history. The company added 34 net-new customers in Q3 to end the quarter at 203 total customers, which is a significant 20% expansion in the company's customer base in the space of a single quarter. Year over year, the company also boosted its commercial customer counts by 46%.\nFigure 5. Palantir customer adds\nSource: Palantir Q3 earnings deck\nRecall as well that for its enterprise customers, Palantir adopts a \"land and expand\" playbook that many SaaS companies adhere to. These customers may start off as smaller deployments that grow substantially over time.\nEqually worth noting is that Palantir's billings expanded 56% y/y to $347 million. The surplus of Palantir's billings growth rates over its revenue growth, plus the sharp buildup in its remaining performance obligations, give us confidence that the company will be able to make good on its promise of sustaining 30%+ revenue growth for years to come.\nLastly, a word on profitability. Palantir's customer growth, and at a positive contribution margin as well, has driven the company to dramatically boost its adjusted free cash flow. In Q3, adjusted FCF hit $119 million, or a ~30% adjusted FCF margin - versus cash burn of -$53 million in the prior-year period.\nFigure 6. Palantir FCF trends\nSource: Palantir Q3 earnings deck\nBuilding on the strength in cash flow that the company has seen all year, Palantir management also increased its annual FCF guidance for FY21 to $400+ million, versus a prior outlook of just $300+ million. These moves, in my view, solidify to investors in a very risk-off market mindset that Palantir isn't just growing robustly, but also keeping profitability balance in mind.\nKey takeaways\nIn my view, Palantir retains a very long runway for success. The company's undisputed category leadership in big data and analytics continues to prove out new use cases for both public and private-sector teams, and the fact that Palantir can continue to grow at >30% y/y despite hitting an expected ~$2 billion annual revenue run rate next year further solidifies that Palantir is a unique and rare story in the software sector. Take advantage of the ~30% correction since November to build up a well-timed position in this stock.","news_type":1,"symbols_score_info":{"PLTR":0.9}},"isVote":1,"tweetType":1,"viewCount":3176,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":690344559,"gmtCreate":1639643262310,"gmtModify":1639643262526,"author":{"id":"3583033675115574","authorId":"3583033675115574","name":"hellodarz888","avatar":"https://static.tigerbbs.com/4e5f7fa39ea3c821aa8099f517287dcb","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583033675115574","idStr":"3583033675115574"},"themes":[],"title":"","htmlText":"Yeaaaa","listText":"Yeaaaa","text":"Yeaaaa","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/690344559","repostId":"1129001294","repostType":4,"repost":{"id":"1129001294","kind":"news","pubTimestamp":1639641362,"share":"https://www.laohunote.com/m/news/1129001294?lang=zh_CN&edition=full","pubTime":"2021-12-16 15:56","market":"us","language":"en","title":"5 Best Value Stocks in Warren Buffett’s Portfolio<blockquote>沃伦·巴菲特投资组合中最有价值的 5 只股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1129001294","media":"Insider Monkey","summary":"In this article, we discuss the 10 best value stocks in Warren Buffett’s portfolio.\nBillionaire Warr","content":"<p>In this article, we discuss the 10 best value stocks in Warren Buffett’s portfolio.</p><p><blockquote>在本文中，我们将讨论沃伦-巴菲特投资组合中的 10 只最有价值的股票。</blockquote></p><p> Billionaire Warren Buffett is an American business tycoon, legendary value investor, and philanthropist, who is known for his conglomerate holding company, Berkshire Hathaway Inc. (NYSE:BRK-A), which he manages alongside Charlie Munger, who is the vice chairman of the company and the closest associate of Buffett.</p><p><blockquote>亿万富翁沃伦·巴菲特是美国商业大亨、传奇价值投资者和慈善家，以其企业集团控股公司伯克希尔·哈撒韦公司（纽约证券交易所代码：BRK-A）而闻名，他与查理·芒格共同管理该公司副董事长，也是巴菲特最亲密的合伙人。</blockquote></p><p> Buffett manages his investments via his hedge fund,Berkshire Hathaway, which managed about $293.4 billion in 13F securities in the third quarter, gaining approximately $57 billion as compared to the prior-year quarter. Buffett’s portfolio is largely concentrated in the information technology, finance, and consumer staples sectors. The billionaire is known for following the Benjamin Graham school of thought, focusing primarily on value stocks.</p><p><blockquote>巴菲特通过他的对冲基金伯克希尔哈撒韦公司管理他的投资，该公司第三季度管理了约2934亿美元的13F证券，与去年同期相比增加了约570亿美元。巴菲特的投资组合主要集中在信息技术、金融和必需消费品领域。这位亿万富翁以遵循本杰明·格雷厄姆学派而闻名，主要关注价值股。</blockquote></p><p> The legendary investor recommends low-cost index funds for a majority of investors, as some active managers charge heavy management and performance fees, and he doesn’t believe they can beat the market on a consistent basis. In his opinion, amatuer and passive investors are better off betting on an S&amp;P 500 index fund for the long-term, since it would generate returns over the course of a decade that are higher than the returns from a basket of diversified hedge funds after the hedge fund managers are paid their share of the management fees.</p><p><blockquote>这位传奇投资者向大多数投资者推荐低成本指数基金，因为一些主动型基金经理收取高额管理费和业绩费，他不相信这些基金能持续跑赢市场。在他看来，业余和被动投资者最好长期押注标普500指数基金，因为它在十年内产生的回报将高于一篮子多元化对冲基金的回报。对冲基金经理获得管理费份额。</blockquote></p><p> Since Buffett is a long-term investor, he advises people who are starting out their investment journey to buy the stock dips, since the market is eventually going to rise again.</p><p><blockquote>由于巴菲特是一位长期投资者，他建议开始投资之旅的人在股票下跌时买入，因为市场最终会再次上涨。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/95c29fa4a746a9be0316155793ff359c\" tg-width=\"767\" tg-height=\"843\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> The most notable stocks in Warren Buffett’s Q3 portfolio include Apple Inc. (NASDAQ:AAPL), American Express Company (NYSE:AXP), The Coca-Cola Company (NYSE:KO), and Amazon.com, Inc. (NASDAQ:AMZN), in addition to others mentioned in detail below.</p><p><blockquote>巴菲特第三季度投资组合中最著名的股票包括苹果公司（纳斯达克股票代码：AAPL）、美国运通公司（纽约证券交易所股票代码：AXP）、可口可乐公司（纽约证券交易所股票代码：KO）和亚马逊公司（纳斯达克股票代码：AMZN），此外还有下文详细提到的其他股票。</blockquote></p><p> <b><i>Our Methodology</i></b></p><p><blockquote><b><i>我们的方法</i></b></blockquote></p><p> We used the Q3 portfolio of Warren Buffett’s Berkshire Hathaway to select his top 10 value stocks. We chose stocks that had the lowest price to earnings ratio in the billionaire’s portfolio, and ranked the securities according to Buffett’s stake value in each holding.</p><p><blockquote>我们利用沃伦-巴菲特（Warren Buffett）的伯克希尔-哈撒韦公司（Berkshire Hathaway）第三季度投资组合，选出了他的十大价值股。我们选择了这位亿万富翁投资组合中市盈率最低的股票，并根据巴菲特在每笔持股中的持股价值对证券进行排名。</blockquote></p><p> <b>Best Value Stocks in Warren Buffett’s Portfolio</b></p><p><blockquote><b>沃伦·巴菲特投资组合中最有价值的股票</b></blockquote></p><p> <b>10. Wells Fargo &amp; Company (NYSE:WFC)</b></p><p><blockquote><b>10. 富国银行公司（纽约证券交易所代码：WFC）</b></blockquote></p><p> <b><i>Berkshire Hathaway’s Stake Value: $31,329,000</i></b></p><p><blockquote><b><i>伯克希尔哈撒韦公司的股权价值：31,329,000 美元</i></b></blockquote></p><p> <b><i>Percentage of Berkshire Hathaway’s 13F Portfolio: 0.01%</i></b></p><p><blockquote><b><i>伯克希尔哈撒韦公司 13F 投资组合的百分比：0.01%</i></b></blockquote></p><p> <b><i>Number of Hedge Fund Holders: 88</i></b></p><p><blockquote><b><i>对冲基金持有人数量：88</i></b></blockquote></p><p> <b><i>P/E Ratio: 11.98</i></b></p><p><blockquote><b><i>市盈率：11.98</i></b></blockquote></p><p> Wells Fargo &amp; Company (NYSE:WFC) posted its Q3 earnings on October 14. EPS in the quarter totaled $1.22, exceeding estimates by $0.28. Revenue over the period equaled $18.83 billion, outperforming analysts’ consensus estimates by $542.17 million.</p><p><blockquote>富国银行公司（纽约证券交易所股票代码：WFC）于 10 月 14 日公布了第三季度收益。本季度每股收益总计 1.22 美元，超出预期 0.28 美元。同期营收达到 188.3 亿美元，比分析师一致预期高出 5.4217 亿美元。</blockquote></p><p> Warren Buffett holds 675,054 shares in Wells Fargo &amp; Company (NYSE:WFC), an American multinational financial services corporation, as of September this year. Buffett’s stake in Wells Fargo &amp; Company (NYSE:WFC) amounts to $31.32 million, and it accounts for 0.01% of the billionaire’s Q3 portfolio. With a P/E ratio of 11.98, Wells Fargo &amp; Company (NYSE:WFC) is one of the best value stocks in Warren Buffett’s portfolio.</p><p><blockquote>截至今年9月，沃伦·巴菲特持有美国跨国金融服务公司富国银行（纽约证券交易所股票代码：WFC）675,054股股票。巴菲特持有的富国银行（纽约证券交易所股票代码：WFC）股份达 3132 万美元，占这位亿万富翁第三季度投资组合的 0.01%。富国银行（纽约证券交易所股票代码：WFC）的市盈率为 11.98，是沃伦-巴菲特投资组合中最有价值的股票之一。</blockquote></p><p> On December 9, UBS analyst Erika Najarian called Wells Fargo &amp; Company (NYSE:WFC) one of her “highest conviction Buy ideas”, assuming coverage of the stock with a Buy rating and a $65 price target. The analyst sees rising rates and execution of its expense plan driving return on average tangible common shareholders’ equity as attractive catalysts.</p><p><blockquote>12 月 9 日，瑞银（UBS）分析师埃里卡-纳贾里安（Erika Najarian）称富国银行（Wells Fargo &amp; Company，纽约证券交易所股票代码：WFC）是她 “最有说服力的买入想法”之一，她认为该股的评级为买入，目标价为 65 美元。这位分析师认为，利率上升和支出计划的执行推动了有形普通股股东权益的平均回报率，是极具吸引力的催化剂。</blockquote></p><p> A total of 88 hedge funds were bullish on Wells Fargo &amp; Company (NYSE:WFC) at the end of the third quarter, holding stakes worth $6.18 billion. This is comparable to 94 funds holding stakes valued at over $7 billion in Wells Fargo &amp; Company (NYSE:WFC) in the previous quarter.</p><p><blockquote>截至第三季度末，共有88家对冲基金看好富国银行公司（纽约证券交易所股票代码：WFC），持有价值61.8亿美元的股份。这相当于上一季度持有富国银行公司（纽约证券交易所股票代码：WFC）价值超过 70 亿美元股份的 94 只基金。</blockquote></p><p> Boykin Curry’s&nbsp;Eagle Capital Management&nbsp;is the largest Wells Fargo &amp; Company (NYSE:WFC) stakeholder as of the third quarter, holding 33.74 million shares worth $1.56 billion.</p><p><blockquote>截至第三季度，博伊金-库里（Boykin Curry）的鹰资本管理公司（Eagle Capital Management）是富国银行（Wells Fargo &amp; Company，纽约证券交易所股票代码：WFC）最大的股东，持有 3374 万股股票，价值 15.6 亿美元。</blockquote></p><p> Wells Fargo &amp; Company (NYSE:WFC) is a notable stock from Warren Buffett’s Q3 portfolio, in addition to Apple Inc. (NASDAQ:AAPL), American Express Company (NYSE:AXP), The Coca-Cola Company (NYSE:KO), and Amazon.com, Inc. (NASDAQ:AMZN).</p><p><blockquote>富国银行（纽约证券交易所股票代码：WFC）是巴菲特第三季度投资组合中的一只著名股票，此外还有苹果公司（纳斯达克股票代码：AAPL）、美国运通公司（纽约证券交易所股票代码：AXP）、可口可乐公司（纽约证券交易所股票代码：KO）和亚马逊公司（纳斯达克股票代码：AMZN）。</blockquote></p><p> Hereis what Davis Global Fund has to say about Wells Fargo &amp; Company (NYSE:WFC) in its Q3 2021 investor letter:</p><p><blockquote>以下是戴维斯全球基金在其 2021 年第三季度投资者信中对富国银行公司（纽约证券交易所股票代码：WFC）的评价：</blockquote></p><p></p><p>   “…This second chart highlights that financials remain the cheapest part of the market today and continue to be extremely attractive. Strong capital ratios, conservative lending practices, already record low interest rates and now a strengthening economy, all paired with low valuations, bode well for future returns.    Take our top financials holding in Wells Fargo, for instance. Wells Fargo is trading at 1.3x tangible book value, while we expect return on equity (ROE) to be in the mid-to-high teens over time. Even in this low-rate environment, the current multiple is only 12x 2021 owner earnings, and our IRR estimate is 12–13%. Wells Fargo has performed well this year, up 51% year-to-date, yet still looks very attractive, which speaks to how undervalued it was and why it is so important to be patient when investing in high-quality companies trading at low valuations. Rather than invest on the basis of unpredictable near-term catalysts, we prefer to be patient as earnings and cash build up, even if the stock price does not immediately reflect the economic reality. We continue to like our positions in financials.”  <b>9. Teva Pharmaceutical Industries Limited (NYSE:TEVA)</b></p><p><blockquote>“.第二张图表凸显了金融股仍然是当今市场上最便宜的部分，并且仍然极具吸引力。强劲的资本比率、保守的贷款做法、已经创下历史新低的利率以及现在的经济走强，再加上低估值，都预示着未来的回报。以我们持有的富国银行为例。富国银行的交易价格为有形账面价值的 1.3 倍，而我们预计随着时间的推移，股本回报率 (ROE) 将处于中高位。即使在这种低利率环境下，目前的倍数也只有2021年所有者收益的12倍，我们的IRR估计为12-13%。富国银行今年表现良好，今年迄今已上涨 51%，但看起来仍然非常有吸引力，这说明它被低估了多少，以及为什么在投资低估值的优质公司时保持耐心如此重要。与其根据不可预测的近期催化剂进行投资，我们更愿意在盈利和现金积累时保持耐心，即使股价不能立即反映经济现实。我们仍然喜欢我们在金融领域的职位。”<b>9.梯瓦制药工业有限公司（纽约证券交易所代码：TEVA）</b></blockquote></p><p> <b><i>Berkshire Hathaway’s Stake Value: $416,768,000</i></b></p><p><blockquote><b><i>伯克希尔哈撒韦公司的股权价值：416,768,000 美元</i></b></blockquote></p><p> <b><i>Percentage of Berkshire Hathaway’s 13F Portfolio: 0.14%</i></b></p><p><blockquote><b><i>伯克希尔哈撒韦公司 13F 投资组合的百分比：0.14%</i></b></blockquote></p><p> <b><i>Number of Hedge Fund Holders: 22</i></b></p><p><blockquote><b><i>对冲基金持有人数量：22</i></b></blockquote></p><p> <b><i>P/E Ratio: 12.63</i></b></p><p><blockquote><b><i>市盈率：12.63</i></b></blockquote></p><p> Teva Pharmaceutical Industries Limited (NYSE:TEVA), a pharmaceutical company from Israel specializing in generics and biopharmaceutical medicines, reported its Q3 results on October 27. Teva Pharmaceutical Industries Limited (NYSE:TEVA) posted an EPS of $0.59, missing estimates by $0.06. The Q3 revenue totaled $3.89 billion, down 2.29% year-over-year, missing estimates by $163.2 million.</p><p><blockquote>Teva Pharmaceutical Industries Limited（纽约证券交易所股票代码：TEVA）是一家以色列制药公司，专门从事仿制药和生物制药，于10月27日公布了第三季度业绩。梯瓦制药工业有限公司（纽约证券交易所股票代码：TEVA）公布的每股收益为 0.59 美元，比预期低 0.06 美元。第三季度营收总计38.9亿美元，同比下降2.29%，比预期低1.632亿美元。</blockquote></p><p> Warren Buffett holds a $416.76 million position in Teva Pharmaceutical Industries Limited (NYSE:TEVA) as of September 2021, which accounts for 0.14% of the billionaire’s total Q3 portfolio.</p><p><blockquote>截至 2021 年 9 月，沃伦-巴菲特持有梯瓦制药工业有限公司（纽约证券交易所股票代码：TEVA）价值 4.1676 亿美元的头寸，占这位亿万富翁第三季度总投资组合的 0.14%。</blockquote></p><p> Abrams Capital Managementis one of the leading stakeholders of Teva Pharmaceutical Industries Limited (NYSE:TEVA) from the third quarter, owning over 24 million shares valued at $234.2 million.</p><p><blockquote>自第三季度以来，艾布拉姆斯资本管理公司一直是梯瓦制药工业有限公司（纽约证券交易所股票代码：TEVA）的主要利益相关者之一，拥有超过 2400 万股股票，价值 2.342 亿美元。</blockquote></p><p> Hedge funds increased their stakes in Teva Pharmaceutical Industries Limited (NYSE:TEVA) in the third quarter, with 22 funds holding stakes valued at $950.6 million in the company, as compared to the same number of funds being bullish on Teva Pharmaceutical Industries Limited (NYSE:TEVA) in the preceding quarter, with a total stake value of $947.1 million.</p><p><blockquote>对冲基金第三季度增持梯瓦制药工业有限公司（纽约证券交易所股票代码：TEVA），22只基金持有该公司价值9.506亿美元的股份，而同样数量的基金看好梯瓦制药工业有限公司（纽约证券交易所股票代码：TEVA）上一季度，总股权价值为9.471亿美元。</blockquote></p><p> Raymond James analyst Elliot Wilbur on October 27 downgraded Teva Pharmaceutical Industries Limited (NYSE:TEVA) to Market Perform from Outperform without a price target, stating that near-term fundamentals are coming up short, as compared to the performance expectations from the company.</p><p><blockquote>Raymond James 分析师 Elliot Wilbur 于 10 月 27 日将梯瓦制药工业有限公司（纽约证券交易所股票代码：TEVA）的评级从跑赢大盘下调至市场表现，但没有设定价格目标，并表示与该公司的业绩预期相比，近期基本面不足。</blockquote></p><p> <b>8. Globe Life Inc. (NYSE:GL)</b></p><p><blockquote><b>8. 环球人寿公司（纽约证券交易所股票代码：GL）</b></blockquote></p><p> <b><i>Berkshire Hathaway’s Stake Value: $565,672,000</i></b></p><p><blockquote><b><i>伯克希尔哈撒韦公司的股权价值：565,672,000 美元</i></b></blockquote></p><p> <b><i>Percentage of Berkshire Hathaway’s 13F Portfolio: 0.19%</i></b></p><p><blockquote><b><i>伯克希尔哈撒韦公司 13F 投资组合的百分比：0.19%</i></b></blockquote></p><p> <b><i>Number of Hedge Fund Holders: 27</i></b></p><p><blockquote><b><i>对冲基金持有人数量：27</i></b></blockquote></p><p> <b><i>P/E Ratio: 12.45</i></b></p><p><blockquote><b><i>市盈率：12.45</i></b></blockquote></p><p> Billionaire Warren Buffett holds 6.35 million shares in Globe Life Inc. (NYSE:GL) as of September this year, worth $565.6 million, accounting for 0.19% of his total Q3 13F portfolio. Globe Life Inc. (NYSE:GL) is a Texas-based financial services holding company that specializes in life insurance, annuity, and supplemental health insurance products.</p><p><blockquote>截至今年 9 月，亿万富翁沃伦·巴菲特持有 Globe Life Inc.（纽约证券交易所股票代码：GL）635 万股股票，价值 5.656 亿美元，占其第三季度 13F 投资组合总额的 0.19%。Globe Life Inc.（纽约证券交易所股票代码：GL）是一家总部位于德克萨斯州的金融服务控股公司，专门从事人寿保险、年金和补充健康保险产品。</blockquote></p><p> Credit Suisse analyst Andrew Kligerman on October 19 lowered the price target on Globe Life Inc. (NYSE:GL) to $130 from $135 and kept an Outperform rating on the shares, stating that despite the COVID-19 pressures on the stock, Globe Life Inc. (NYSE:GL) is trading at an attractive valuation. Globe Life Inc. (NYSE:GL) is one of the top value stocks according to Warren Buffett’s Berkshire Hathaway.</p><p><blockquote>瑞士信贷分析师 Andrew Kligerman 于 10 月 19 日将 Globe Life Inc. (NYSE:GL) 的目标价从 135 美元下调至 130 美元，并维持该股跑赢大盘评级，表示尽管该股面临 COVID-19 压力，Globe Life Inc. (NYSE:GL) 的交易估值颇具吸引力。根据沃伦-巴菲特的伯克希尔-哈撒韦公司的说法，Globe Life Inc.（纽约证券交易所股票代码：GL）是最有价值的股票之一。</blockquote></p><p> Globe Life Inc. (NYSE:GL) announced Q3 earnings on October 20, posting an EPS of $1.78, missing estimates by $0.11. The quarterly revenue jumped 6.93% to $1.28 billion, outperforming estimates by $15.97 million.</p><p><blockquote>Globe Life Inc.（纽约证券交易所股票代码：GL）于 10 月 20 日公布了第三季度收益，每股收益为 1.78 美元，比预期低 0.11 美元。季度收入增长 6.93%，达到 12.8 亿美元，超出预期 1597 万美元。</blockquote></p><p> Insider Monkey tracks the movement of 867 elite hedge funds as of the third quarter, and a total of 27 funds of them reported owning stakes in Globe Life Inc. (NYSE:GL), worth $775.77 million. This is compared to 28 funds being bullish on Globe Life Inc. (NYSE:GL) in the prior quarter, with a total stake value of approximately $795 million.</p><p><blockquote>Insider Monkey 追踪了截至第三季度 867 家精英对冲基金的动向，其中共有 27 家基金报告持有 Globe Life Inc.（纽约证券交易所股票代码：GL）的股份，价值 7.7577 亿美元。相比之下，上一季度有 28 只基金看好 Globe Life Inc.（纽约证券交易所股票代码：GL），总股权价值约为 7.95 亿美元。</blockquote></p><p> In addition to Apple Inc. (NASDAQ:AAPL), American Express Company (NYSE:AXP), The Coca-Cola Company (NYSE:KO), and Amazon.com, Inc. (NASDAQ:AMZN), elite hedge funds are piling into Globe Life Inc. (NYSE:GL).</p><p><blockquote>除了苹果公司（纳斯达克股票代码：AAPL）、美国运通公司（纽约证券交易所股票代码：AXP）、可口可乐公司（纽约证券交易所股票代码：KO）和亚马逊公司（纳斯达克股票代码：AMZN）之外，精英对冲基金也纷纷涌入环球人寿公司（纽约证券交易所股票代码：GL）。</blockquote></p><p> <b>7. General Motors Company (NYSE:GM)</b></p><p><blockquote><b>7. 通用汽车公司（纽约证券交易所代码：GM）</b></blockquote></p><p> <b><i>Berkshire Hathaway’s Stake Value: $3,162,600,000</i></b></p><p><blockquote><b><i>伯克希尔哈撒韦公司的股权价值：3,162,600,000 美元</i></b></blockquote></p><p> <b><i>Percentage of Berkshire Hathaway’s 13F Portfolio: 1.07%</i></b></p><p><blockquote><b><i>伯克希尔哈撒韦公司 13F 投资组合的百分比：1.07%</i></b></blockquote></p><p> <b><i>Number of Hedge Fund Holders: 77</i></b></p><p><blockquote><b><i>对冲基金持有人数量：77</i></b></blockquote></p><p> <b><i>P/E Ratio: 8.45</i></b></p><p><blockquote><b><i>市盈率：8.45</i></b></blockquote></p><p></p><p> General Motors Company (NYSE:GM) stock represents 1.07% of Berkshire Hathaway’s Q3 portfolio, with the hedge fund holding a $3.16 billion position in the company. General Motors Company (NYSE:GM) is an American multinational automaker, with four core automobile brands including Chevrolet, Buick, GMC, and Cadillac. General Motors Company (NYSE:GM), a notable value stock from Buffett’s Q3 portfolio, is also actively working on electric vehicles, gearing up to compete with the EV market leader, Tesla, Inc. (NASDAQ:TSLA).</p><p><blockquote>通用汽车公司（NYSE:GM）股票占伯克希尔-哈撒韦公司第三季度投资组合的 1.07%，该对冲基金持有该公司 31.6 亿美元的头寸。通用汽车公司（纽约证券交易所股票代码：GM）是一家美国跨国汽车制造商，拥有雪佛兰、别克、GMC和凯迪拉克四大核心汽车品牌。通用汽车公司（纽约证券交易所股票代码：GM）是巴菲特第三季度投资组合中著名的价值股，该公司也在积极研发电动汽车，准备与电动汽车市场领导者特斯拉公司（纳斯达克股票代码：TSLA）竞争。</blockquote></p><p> General Motors Company (NYSE:GM), on October 27, announced its third quarter results, posting earnings per share of $1.52, beating estimates by $0.55. The revenue fell by 24.52% year-over-year, amounting to $26.78 billion, missing estimates by $1.10 billion.</p><p><blockquote>通用汽车公司（纽约证券交易所股票代码：GM）于 10 月 27 日公布了第三季度业绩，每股收益为 1.52 美元，超出预期 0.55 美元。收入同比下降24.52%，至267.8亿美元，比预期低11亿美元。</blockquote></p><p> On November 15, Wedbush analyst Daniel Ives kept an Outperform rating and a price target of $85 on General Motors Company (NYSE:GM)’s shares. The analyst stated that the vertical integration capabilities of General Motors Company (NYSE:GM) and conversion of its massive customer base to electric vehicles over the coming years represents a transformational opportunity for the company looking ahead.</p><p><blockquote>11 月 15 日，Wedbush 分析师丹尼尔-艾夫斯（Daniel Ives）维持通用汽车公司（NYSE:GM）股票跑赢大盘评级，目标价为 85 美元。这位分析师表示，通用汽车公司（纽约证券交易所股票代码：GM）的垂直整合能力以及未来几年其庞大客户群向电动汽车的转变，代表着该公司未来的转型机遇。</blockquote></p><p> Harris Associates&nbsp;is one of the leading General Motors Company (NYSE:GM) stakeholders from Q3, holding a $1.82 billion stake in the company, out of a total of 77 funds that were bullish on the stock in the third quarter.</p><p><blockquote>自第三季度以来，Harris Associates 一直是通用汽车公司（纽约证券交易所股票代码：GM）的主要利益相关者之一，持有该公司价值 18.2 亿美元的股份，而第三季度共有 77 只看好该股票的基金。</blockquote></p><p> Here&nbsp;is what&nbsp;Miller Value Partners&nbsp;has to say about General Motors Company (NYSE:GM) in its Q3 2021 investor letter:</p><p><blockquote>以下是 Miller Value Partners 在其 2021 年第三季度投资者信中对通用汽车公司（纽约证券交易所股票代码：GM）的评价：</blockquote></p><p>   “Another name we’ve recently purchased and have grown incredibly excited about: General Motors (GM). GM is interesting on many levels. We see it as an attractive investment opportunity and it might be a microcosm of current markets, both past and prospective.    Tesla trounced GM over the last decade. Tesla rose 15,797% crushing GM’s 238% increase, which lagged the S&amp;P 500’s 365%. Tesla came out of nowhere creating what many said was the best car ever made. A decade ago, no one saw that coming, including GM. GM’s historical strength led to arrogance. It completely dismissed the threat of any newcomer.    Where are we now? Expectations are entirely different. Tesla’s current price embeds 18 years of growth while GM embeds under one year (see a pattern in what we like?!). Tesla’s expectations look even loftier when you consider that in that 18th year, Tesla would be projected to earn $1.35 trillion revenues at very high, Ferrari-type margins. The largest automakers today generate roughly $250 billion revenues at less than half those margins.    Tesla’s priced to go where no man (or woman!) has gone before. It’s impossible for Tesla to meet these expectations with auto manufacturing alone. It requires something more. Bulls believe Tesla can dominate an autonomous driving future and make significant money on software subscriptions. We don’t have a view on this other than that Tesla needs to do so to be attractive at the current price.    Market expectations for GM, on the other hand, are muted. There appears to be no innovation or growth priced into the stock. Yet GM plans to launch 30 EV (electric vehicles) models globally by 2025 (Tesla has launched a total of 4). GM’s new electric vehicles, like the Hummer and Cadillac Lyric, are extremely impressive. It’s revamping its manufacturing production to be modular, allowing greater speed and adaptability. The entire culture has transformed from a stodgy, bureaucratic old manufacturer to a speedier, more innovative software-enabled automaker. GM currently employs 25,000 software engineers.    GM believes it can double revenues by 2030, and improve margins through software and services. GM currently earns $2 billion of high margin software and services revenue, which is more than Tesla. Cruise, GM’s majority owned autonomous company, recently detailed why it sees the potential for $50B in revenues within 6-8 years of its 2023 launch of the Origin vehicle. BrightDrop, its autonomous commercial vehicle unit, looks promising as well with the potential for $10 billion in revenues. We don’t think this optionality is reflected in the current price. Investors started to see the potential after GM’s recent analyst day. We can easily get values for GM more than double its current price of $58.    The contrast between GM and Tesla illustrates what we see more broadly in the market, which is why we see more opportunity in classic value names than in the secular growth names. After a decade of dominance, expectations for innovative and disruptive companies are quite high. Many classic value companies were caught flat-footed, but have invested heavily to catch up. Muted expectations don’t reflect their improved prospects.”  <b>6. The Bank of New York Mellon Corporation (NYSE:BK)</b></p><p><blockquote>“我们最近购买的另一个品牌让我们无比兴奋：通用汽车公司（GM）。通用汽车在很多方面都很有趣。我们认为它是一个有吸引力的投资机会，它可能是当前市场（包括过去和未来市场）的一个缩影。特斯拉在过去十年中击败了通用汽车。特斯拉上涨了 15,797%，超过了通用汽车 238% 的增幅，后者落后于标普500的 365%。特斯拉凭空出现，创造了许多人所说的有史以来最好的汽车。十年前，没有人预见到这一点，包括通用汽车。通用汽车的历史实力导致了傲慢。它完全排除了任何新来者的威胁。我们现在在哪里？期望完全不同。特斯拉目前的价格包含了 18 年的增长，而通用汽车的增长不到一年（看看我们喜欢的模式？!）。考虑到特斯拉在第 18 个年头的收入预计将达到 1.35 万亿美元，利润率非常高，堪比法拉利，特斯拉的期望就显得更加崇高了。如今，最大的汽车制造商创造了大约 2500 亿美元的收入，但利润率还不到一半。特斯拉的定价是前所未有的。特斯拉仅靠汽车制造业不可能满足这些期望。它需要更多的东西。看涨者相信特斯拉可以主导自动驾驶的未来，并通过软件订阅赚取大量收入。我们对此没有其他看法，只是认为特斯拉需要这样做才能在目前的价格下具有吸引力。另一方面，市场对通用汽车的预期却很低。该股似乎没有创新或增长。然而，通用汽车计划到2025年在全球推出30款EV（电动汽车）车型（特斯拉总共推出了4款）。通用汽车的新型电动汽车，如悍马和凯迪拉克 Lyric，令人印象深刻。该公司正在对其制造生产进行模块化改造，以提高速度和适应性。整个文化已经从一个呆板、官僚主义的老制造商转变为一个更快、更具创新性的软件驱动的汽车制造商。通用汽车目前雇佣了25,000名软件工程师。通用汽车相信，到 2030 年，它可以将收入翻一番，并通过软件和服务提高利润率。通用汽车目前的高利润软件和服务收入为 20 亿美元，超过了特斯拉。通用汽车控股的自动驾驶公司 Cruise 最近详细介绍了为什么它认为在 2023 年推出 Origin 汽车后的 6-8 年内有可能获得 500 亿美元的收入。其自动驾驶商用车部门 BrightDrop 看起来也很有前途，收入潜力达 100 亿美元。我们认为这种选择并没有反映在当前价格中。在通用汽车最近的分析师日之后，投资者开始看到这一潜力。我们可以轻松地获得通用汽车目前 58 美元价格的两倍多的价值。通用汽车和特斯拉之间的对比说明了我们在市场上看到的更广泛的情况，这就是为什么我们在经典价值名称中看到的机会比在长期增长名称中看到的更多。经过十年的主导地位，人们对创新型和颠覆性公司的期望相当高。许多经典价值公司措手不及，但投入巨资迎头赶上。低迷的期望并不反映他们前景的改善。”<b>6. 纽约银行梅隆公司（纽约证券交易所代码：BK）</b></blockquote></p><p> <b><i>Berkshire Hathaway’s Stake Value: $3,751,012,000</i></b></p><p><blockquote><b><i>伯克希尔哈撒韦公司的股权价值：3,751,012,000 美元</i></b></blockquote></p><p> <b><i>Percentage of Berkshire Hathaway’s 13F Portfolio: 1.27%</i></b></p><p><blockquote><b><i>伯克希尔哈撒韦公司 13F 投资组合的百分比：1.27%</i></b></blockquote></p><p></p><p> <b><i>Number of Hedge Fund Holders: 46</i></b></p><p><blockquote><b><i>对冲基金持有人数量：46</i></b></blockquote></p><p> <b><i>P/E Ratio: 14.48</i></b></p><p><blockquote><b><i>市盈率：14.48</i></b></blockquote></p><p> Warren Buffett owned 72.35 million shares in The Bank of New York Mellon Corporation (NYSE:BK), worth $3.75 billion by the end of the third quarter, accounting for 1.27% of the total investment portfolio at Berkshire Hathaway. The Bank of New York Mellon Corporation (NYSE:BK) is a financial services holding company, offering a range of services including corporate banking, investment banking, global wealth management, financial analysis, and private equity.</p><p><blockquote>沃伦·巴菲特持有纽约梅隆银行（纽约证券交易所股票代码：BK）7235万股股票，截至第三季度末价值37.5亿美元，占伯克希尔哈撒韦公司总投资组合的1.27%。纽约梅隆银行（纽约证券交易所股票代码：BK）是一家金融服务控股公司，提供一系列服务，包括企业银行、投资银行、全球财富管理、财务分析和私募股权。</blockquote></p><p> The Bank of New York Mellon Corporation (NYSE:BK) announced on October 19 its Q3 earnings. EPS in the period totaled $1.04, exceeding estimates by $0.04. The $4.04 billion revenue jumped 4.89% year-over-year, outperforming estimates by $88.43 million.</p><p><blockquote>纽约梅隆银行（纽约证券交易所股票代码：BK）于 10 月 19 日公布了第三季度收益。该期间每股收益总计 1.04 美元，超出预期 0.04 美元。40.4亿美元的收入同比增长4.89%，超出预期8843万美元。</blockquote></p><p> Morgan Stanley analyst Betsy Graseck on December 6 downgraded The Bank of New York Mellon Corporation (NYSE:BK) to Underweight from Equal Weight with a $59 price target, citing the stock’s valuation, low loan exposure, and negative operating leverage as reasons for the downgrade.</p><p><blockquote>摩根士丹利分析师贝齐-格拉塞克（Betsy Graseck）于 12 月 6 日将纽约梅隆银行（NYSE:BK）的评级从同等权重下调至跑输大盘，目标价为 59 美元，理由是该股的估值、低贷款敞口和负运营杠杆是下调评级的原因。</blockquote></p><p> First Eagle Investment Management&nbsp;is one of the largest stakeholders of The Bank of New York Mellon Corporation (NYSE:BK) in Q3, with 16.1 million shares worth over $837 million. Overall, 46 hedge funds monitored by Insider Monkey were bullish on The Bank of New York Mellon Corporation (NYSE:BK) in the third quarter, down from 52 funds in the preceding quarter.</p><p><blockquote>First Eagle Investment Management 是第三季度纽约梅隆银行（纽约证券交易所股票代码：BK）最大的股东之一，持有 1610 万股股票，价值超过 8.37 亿美元。总体而言，Insider Monkey 监测的 46 家对冲基金第三季度看好纽约梅隆银行（纽约证券交易所股票代码：BK），低于上一季度的 52 家。</blockquote></p><p> The Bank of New York Mellon Corporation (NYSE:BK) is a notable stock from Warren Buffett’s Q3 portfolio, just like Apple Inc. (NASDAQ:AAPL), American Express Company (NYSE:AXP), The Coca-Cola Company (NYSE:KO), and Amazon.com, Inc. (NASDAQ:AMZN).</p><p><blockquote>纽约梅隆银行（NYSE:BK）是巴菲特第三季度投资组合中的一只著名股票，就像苹果公司（NASDAQ:AAPL）、美国运通公司（NYSE:AXP）、可口可乐公司（NYSE:KO）和亚马逊公司（NASDAQ:AMZN）一样。</blockquote></p><p> <b>5. DaVita Inc. (NYSE:DVA)</b></p><p><blockquote><b>5. DaVita Inc.（纽约证券交易所代码：DVA）</b></blockquote></p><p> <b><i>Berkshire Hathaway’s Stake Value: $4,196,471,000</i></b></p><p><blockquote><b><i>伯克希尔哈撒韦公司的股权价值：4,196,471,000 美元</i></b></blockquote></p><p> <b><i>Percentage of Berkshire Hathaway’s 13F Portfolio: 1.43%</i></b></p><p><blockquote><b><i>伯克希尔哈撒韦公司 13F 投资组合的百分比：1.43%</i></b></blockquote></p><p> <b><i>Number of Hedge Fund Holders: 39</i></b></p><p><blockquote><b><i>对冲基金持有人数量：39</i></b></blockquote></p><p> <b><i>P/E Ratio: 12.37</i></b></p><p><blockquote><b><i>市盈率：12.37</i></b></blockquote></p><p> DaVita Inc. (NYSE:DVA) made it to our list of the best value stocks in Warren Buffett’s portfolio, with the company announcing solid Q3 earnings on October 28, posting an EPS of $2.36, beating estimates by $0.10. Revenue over the period also outperformed estimates by $23.55 million.</p><p><blockquote>DaVita Inc.（纽约证券交易所股票代码：DVA）入选了沃伦-巴菲特投资组合中最有价值股票的名单，该公司于 10 月 28 日公布了稳健的第三季度收益，每股收益为 2.36 美元，比预期高出 0.10 美元。同期收入也超出预期 2355 万美元。</blockquote></p><p> Deutsche Bank analyst Pito Chickering on November 17 lowered the price target on DaVita Inc. (NYSE:DVA) to $150 from $164 and kept a Buy rating on the shares after the capital markets day, stating that the company offers a longer term investment horizon than many investors can be comfortable with.</p><p><blockquote>德意志银行分析师 Pito Chickering 于 11 月 17 日将 DaVita Inc.（纽约证券交易所股票代码：DVA）的目标价从 164 美元下调至 150 美元，并在资本市场日之后维持该股的买入评级，称该公司提供的长期投资期限比许多投资者可以放心。</blockquote></p><p> DaVita Inc. (NYSE:DVA) is a healthcare company primarily focusing on kidney diseases and dialysis support, operating in nine countries in addition to the United States. Warren Buffett holds a $4.19 billion position in DaVita Inc. (NYSE:DVA) as of September this year, with DaVita Inc. (NYSE:DVA) stock accounting for 1.43% of the billionaire’s total investments.</p><p><blockquote>DaVita Inc.（纽约证券交易所股票代码：DVA）是一家主要专注于肾脏疾病和透析支持的医疗保健公司，除美国外，在九个国家开展业务。截至今年 9 月，沃伦-巴菲特持有 DaVita Inc.（纽约证券交易所股票代码：DVA）价值 41.9 亿美元，DaVita Inc.（纽约证券交易所股票代码：DVA）股票占这位亿万富翁总投资的 1.43%。</blockquote></p><p> At the end of the third quarter, 39 hedge funds tracked by Insider Monkey reported owning stakes worth $4.81 billion in DaVita Inc. (NYSE:DVA). This is compared to the same number of funds holding the DaVita Inc. (NYSE:DVA) stock in the preceding quarter, with a total stake value of approximately $5.13 billion.</p><p><blockquote>截至第三季度末，Insider Monkey 追踪的 39 家对冲基金报告称持有 DaVita Inc.（纽约证券交易所股票代码：DVA）价值 48.1 亿美元的股份。相比之下，上一季度持有 DaVita Inc.（纽约证券交易所股票代码：DVA）股票的基金数量相同，总股权价值约为 51.3 亿美元。</blockquote></p><p> Gates Capital Managementincreased its stake in DaVita Inc. (NYSE:DVA) by 5% in the third quarter, and is one of the leading stakeholders of the company, with a $174.1 million position.</p><p><blockquote>盖茨资本管理公司第三季度将其在 DaVita Inc.（纽约证券交易所股票代码：DVA）的股份增加了 5%，是该公司的主要利益相关者之一，持有 1.741 亿美元的头寸。</blockquote></p><p> <b>4. U.S. Bancorp (NYSE:USB)</b></p><p><blockquote><b>4. 合众银行（纽约证券交易所股票代码：USB）</b></blockquote></p><p> <b><i>Berkshire Hathaway’s Stake Value: $7,514,279,000</i></b></p><p><blockquote><b><i>伯克希尔哈撒韦公司的股权价值：7,514,279,000 美元</i></b></blockquote></p><p> <b><i>Percentage of Berkshire Hathaway’s 13F Portfolio: 2.52%</i></b></p><p><blockquote><b><i>伯克希尔哈撒韦公司 13F 投资组合的百分比：2.52%</i></b></blockquote></p><p> <b><i>Number of Hedge Fund Holders: 42</i></b></p><p><blockquote><b><i>对冲基金持有人数量：42</i></b></blockquote></p><p> <b><i>P/E Ratio: 11.60</i></b></p><p><blockquote><b><i>市盈率：11.60</i></b></blockquote></p><p> U.S. Bancorp (NYSE:USB) is a Minnesota-based bank holding company that operates via its wholly owned subsidiary, U.S. Bank National Association, and offers banking, investment, mortgage, trust, and payment services to customers. As one of the best value stocks in Warren Buffett’s Q3 portfolio, U.S. Bancorp (NYSE:USB) represents 2.52% of the billionaire’s total investments. Berkshire Hathaway owns over 126 million U.S. Bancorp (NYSE:USB) shares, worth $7.51 billion.</p><p><blockquote>U.S. Bancorp（纽约证券交易所股票代码：USB）是一家总部位于明尼苏达州的银行控股公司，通过其全资子公司美国银行全国协会运营，为客户提供银行、投资、抵押贷款、信托和支付服务。作为沃伦-巴菲特第三季度投资组合中最有价值的股票之一，美国合众银行（纽约证券交易所股票代码：USB）占这位亿万富翁总投资的 2.52%。伯克希尔哈撒韦公司拥有超过 1.26 亿股 U.S. Bancorp (NYSE:USB) 股票，价值 75.1 亿美元。</blockquote></p><p> On December 9, UBS analyst Erika Najarian initiated coverage of U.S. Bancorp (NYSE:USB) with a Buy rating and a $70 price target, after the 300 basis points of ROTCE outperformance by the company.</p><p><blockquote>12 月 9 日，瑞银分析师 Erika Najarian 开始对 U.S. Bancorp (NYSE:USB) 进行买入评级，目标价为 70 美元，此前该公司的 ROTCE 表现优于 300 个基点。</blockquote></p><p> U.S. Bancorp (NYSE:USB), on October 14, reported its Q3 results, posting an EPS of $1.30, beating estimates by $0.14. The $5.86 billion revenue also exceeded estimates by $105.32 million.</p><p><blockquote>U.S. Bancorp（纽约证券交易所股票代码：USB）于 10 月 14 日公布了第三季度业绩，每股收益为 1.30 美元，超出预期 0.14 美元。58.6亿美元的收入也超出预期1.0532亿美元。</blockquote></p><p> In Q3 2021, 42 hedge funds in the database of Insider Monkey were long U.S. Bancorp (NYSE:USB), up from 41 funds in the preceding quarter.Yacktman Asset Managementis one of the leading stakeholders of U.S. Bancorp (NYSE:USB), holding a $279.3 million stake in the bank holding company.</p><p><blockquote>2021 年第三季度，Insider Monkey 数据库中有 42 只对冲基金做多 U.S. Bancorp (NYSE:USB)，高于上一季度的 41 只基金。 Yacktman Asset Managementis 是 U.S. Bancorp (NYSE:USB) 的主要利益相关者之一，持有该银行控股公司 2.793 亿美元的股份。</blockquote></p><p> Hereis what Mairs &amp; Power has to say about U.S. Bancorp (NYSE:USB) in their Q4 2020 investor letter:</p><p><blockquote>以下是 Mairs &amp; Power 在 2020 年第四季度投资者信中对 U.S. Bancorp（纽约证券交易所股票代码：USB）的评价：</blockquote></p><p></p><p>   “On the negative side, one of the Fund’s biggest detractor in 2020 was U.S. Bancorp (USB). Like all banks, U.S. Bank was hurt by the difficult interest rate environment and credit cycle concerns. We believe banks are strong enough to survive the current sector doldrums, and they remain some of the market’s most attractive opportunities.”  <b>3. Verizon Communications Inc. (NYSE:VZ)</b></p><p><blockquote>“从消极的一面来看，2020 年该基金最大的诋毁者之一是合众银行（USB）。与所有银行一样，合众银行也受到了困难的利率环境和信贷周期担忧的影响。我们相信，银行有足够的实力在当前的行业低迷中生存下来，它们仍然是市场上最具吸引力的机会。”<b>3. 威瑞森通信公司（纽约证券交易所股票代码：VZ）</b></blockquote></p><p> <b><i>Berkshire Hathaway’s Stake Value: $8,578,115,000</i></b></p><p><blockquote><b><i>伯克希尔哈撒韦公司的股权价值：8,578,115,000 美元</i></b></blockquote></p><p> <b><i>Percentage of Berkshire Hathaway’s 13F Portfolio: 2.92%</i></b></p><p><blockquote><b><i>伯克希尔哈撒韦公司 13F 投资组合的百分比：2.92%</i></b></blockquote></p><p> <b><i>Number of Hedge Fund Holders: 57</i></b></p><p><blockquote><b><i>对冲基金持有人数量：57</i></b></blockquote></p><p> <b><i>P/E Ratio: 9.43</i></b></p><p><blockquote><b><i>市盈率：9.43</i></b></blockquote></p><p> With a price to earnings ratio of 9.43, Verizon Communications Inc. (NYSE:VZ) is one of Warren Buffett’s top value stock picks from the third quarter, with the billionaire holding an $8.57 billion position in the company. Verizon Communications Inc. (NYSE:VZ), an American multinational telecommunications conglomerate, announced a quarterly dividend of $0.64 per share on December 2, payable on February 1 to shareholders of record on January 10. Verizon Communications Inc. (NYSE:VZ) offers a forward dividend yield of 5.10%.</p><p><blockquote>Verizon Communications Inc.（纽约证券交易所股票代码：VZ）的市盈率为 9.43，是沃伦-巴菲特第三季度最看好的股票之一，这位亿万富翁在该公司持有 85.7 亿美元的头寸。美国跨国电信集团 Verizon Communications Inc.（纽约证券交易所股票代码：VZ）于 12 月 2 日宣布派发每股 0.64 美元的季度股息，将于 2 月 1 日支付给 1 月 10 日登记在册的股东。Verizon Communications Inc.（纽约证券交易所股票代码：VZ）的远期股息率为 5.10%。</blockquote></p><p> On October 20, Verizon Communications Inc. (NYSE:VZ) announced Q3 results, posting an EPS of $1.41, beating estimates by $0.05. The quarterly revenue amounted to $32.92 billion, missing estimates by $301.93 million. Following the Q3 performance, Cowen analyst Colby Synesael raised the price target on Verizon Communications Inc. (NYSE:VZ) to $71 from $68 and kept an Outperform rating on the shares.</p><p><blockquote>10 月 20 日，Verizon Communications Inc.（纽约证券交易所股票代码：VZ）公布了第三季度业绩，每股收益为 1.41 美元，超出预期 0.05 美元。季度收入达329.2亿美元，比预期低3.0193亿美元。继第三季度业绩公布后，Cowen 分析师 Colby Synesael 将 Verizon Communications Inc.（纽约证券交易所股票代码：VZ）的目标价从 68 美元上调至 71 美元，并维持该股跑赢大盘评级。</blockquote></p><p> Verizon Communications Inc. (NYSE:VZ) was awarded two contracts worth $34.6 million by the U.S. Department of Energy. The task orders were awarded through the federal government’s Enterprise Infrastructure Solutions contract vehicle on December 1.</p><p><blockquote>Verizon Communications Inc.（纽约证券交易所股票代码：VZ）获得了两份价值 3460 万美元的合同。能源部。这些任务订单于 12 月 1 日通过联邦政府的企业基础设施解决方案合同工具授予。</blockquote></p><p> By the end of the third quarter, 57 hedge funds were bullish on Verizon Communications Inc. (NYSE:VZ), down from 63 funds in the preceding quarter. Jaime Sterne’s&nbsp;Skye Global Management&nbsp;is one of the leading Verizon Communications Inc. (NYSE:VZ) stakeholders from Q3, holding a $282.3 million position in the company.</p><p><blockquote>截至第三季度末，57 家对冲基金看好 Verizon Communications Inc.（纽约证券交易所股票代码：VZ），低于上一季度的 63 家。Jaime Sterne 的 Skye Global Management 是第三季度 Verizon Communications Inc.（纽约证券交易所股票代码：VZ）的主要利益相关者之一，持有该公司价值 2.823 亿美元的股份。</blockquote></p><p> Hereis what&nbsp;Miller/Howard Investments&nbsp;has to say about Verizon Communications Inc. (NYSE:VZ) in its Q1 2021 investor letter:</p><p><blockquote>以下是 Miller/Howard Investments 在其 2021 年第一季度投资者信中对 Verizon Communications Inc.（纽约证券交易所股票代码：VZ）的评价：</blockquote></p><p>   “We sold Verizon (VZ) based on concerns over how much they might spend in ongoing spectrum auctions. Management may legitimately view spending billions of dollars to expand their spectrum holdings as necessary, but we believe the payoff will be slow and will make it challenging to grow the dividend at a good pace.”  <b>2. American Express Company (NYSE:AXP)</b></p><p><blockquote>“我们出售 Verizon (VZ) 的原因是担心他们在正在进行的频谱拍卖中可能会花费多少钱。管理层可能有理由认为，花费数十亿美元扩大频谱持有量是必要的，但我们认为，回报将是缓慢的，这将使以良好的速度增长股息变得具有挑战性。”<b>2. 美国运通公司（纽约证券交易所代码：AXP）</b></blockquote></p><p> <b><i>Berkshire Hathaway’s Stake Value: $25,399,340,000</i></b></p><p><blockquote><b><i>伯克希尔哈撒韦公司的股权价值：25,399,340,000 美元</i></b></blockquote></p><p> <b><i>Percentage of Berkshire Hathaway’s 13F Portfolio: 8.65%</i></b></p><p><blockquote><b><i>伯克希尔哈撒韦公司 13F 投资组合的百分比：8.65%</i></b></blockquote></p><p> <b><i>Number of Hedge Fund Holders: 57</i></b></p><p><blockquote><b><i>对冲基金持有人数量：57</i></b></blockquote></p><p> <b><i>P/E Ratio: 17.45</i></b></p><p><blockquote><b><i>市盈率：17.45</i></b></blockquote></p><p> American Express Company (NYSE:AXP), a multinational payment card services company, posted on October 22 its Q3 results. EPS for the period came in at $2.27, exceeding estimates by $0.52. The revenue amounted to $10.93 billion, up 24.88% year-over-year, outperforming estimates by $382.39 million.</p><p><blockquote>跨国支付卡服务公司美国运通公司（纽约证券交易所股票代码：AXP）于 10 月 22 日公布了第三季度业绩。该期间每股收益为 2.27 美元，超出预期 0.52 美元。营收达109.3亿美元，同比增长24.88%，超出预期3.8239亿美元。</blockquote></p><p> 8.65% of Berkshire Hathaway’s Q3 investments are represented by American Express Company (NYSE:AXP) stock, with Warren Buffett holding 151.6 million shares of the company, worth $25.39 billion at the end of September this year. American Express Company (NYSE:AXP) is one of the best value stocks in Warren Buffett’s portfolio.</p><p><blockquote>伯克希尔-哈撒韦公司第三季度投资的 8.65% 是美国运通公司（NYSE:AXP）股票，沃伦-巴菲特持有该公司股票 1.516 亿股，截至今年 9 月底，价值 253.9 亿美元。美国运通公司（纽约证券交易所股票代码：AXP）是沃伦-巴菲特投资组合中最有价值的股票之一。</blockquote></p><p> The smart money took a greater interest in American Express Company (NYSE:AXP) in the third quarter, with 57 hedge funds being bullish on the stock at September end, up from 52 funds holding stakes in American Express Company (NYSE:AXP) in the preceding quarter.Fisher Asset Management&nbsp;is a notable stakeholder of American Express Company (NYSE:AXP) in Q3, with 15.6 million shares valued at $2.61 billion.</p><p><blockquote>精明资金在第三季度对美国运通公司（纽约证券交易所股票代码：AXP）表现出了更大的兴趣，截至 9 月底，有 57 家对冲基金看好该股，高于上一季度持有美国运通公司（纽约证券交易所股票代码：AXP）股份的 52 家基金。费舍尔资产管理公司是第三季度美国运通公司（纽约证券交易所股票代码：AXP）的著名股东，持有 1560 万股股票，价值 26.1 亿美元。</blockquote></p><p> After the Q3 earnings beat, BMO Capital analyst James Fotheringham on October 25 raised the price target on American Express Company (NYSE:AXP) to $151 from $147 but kept a Market Perform rating on the shares. In addition to the strong Q3 earnings, the analyst revised his model for American Express Company (NYSE:AXP) to forecast higher net interest income, lower loan loss provisions, and lower share counts.</p><p><blockquote>在第三季度盈利超出预期后，BMO Capital 分析师 James Fotheringham 于 10 月 25 日将美国运通公司 (NYSE:AXP) 的目标价从 147 美元上调至 151 美元，但维持该股的市场表现评级。除了强劲的第三季度收益外，该分析师还修改了美国运通公司（纽约证券交易所股票代码：AXP）的模型，预测更高的净利息收入、更低的贷款损失准备金和更低的股票数量。</blockquote></p><p> Hereis what&nbsp;ClearBridge Investments&nbsp;has to say about American Express Company (NYSE:AXP) in its Q2 2021 investor letter:</p><p><blockquote>以下是 ClearBridge Investments 在其 2021 年第二季度投资者信中对美国运通公司（纽约证券交易所股票代码：AXP）的评价：</blockquote></p><p></p><p>   “In financials, American Express has done an excellent job demonstrating the resiliency of its franchise in the midst of a global pandemic that drove a 60% decline in its core travel and entertainment business. The company’s spend-centric model has been helped by fiscal stimulus ensuring a flush consumer, while management continues to execute well by adding millions of new consumer and small and medium business accounts, which should benefit the franchise over the medium to long term. We remain optimistic regarding the company’s prospects as travel and entertainment activity rebounds, adding to our position in the quarter.”  <b>1. Bank of America Corporation (NYSE:BAC)</b></p><p><blockquote>“在财务方面，美国运通在全球大流行病导致其核心旅游和娱乐业务下降 60% 的情况下，出色地展示了其特许经营权的韧性。该公司以支出为中心的模式得益于财政刺激措施，确保了消费者的活跃，而管理层通过增加数百万个新的消费者和中小企业账户，继续表现出色，这将使特许经营权在中长期内受益。随着旅游和娱乐活动的反弹，我们对公司的前景保持乐观，这增加了我们在本季度的地位。”<b>1. 美国银行公司（纽约证券交易所代码：BAC）</b></blockquote></p><p> <b><i>Berkshire Hathaway’s Stake Value: $42,878,771,000</i></b></p><p><blockquote><b><i>伯克希尔哈撒韦公司的股权价值：42,878,771,000 美元</i></b></blockquote></p><p> <b><i>Percentage of Berkshire Hathaway’s 13F Portfolio: 14.61%</i></b></p><p><blockquote><b><i>伯克希尔哈撒韦公司 13F 投资组合的百分比：14.61%</i></b></blockquote></p><p> <b><i>Number of Hedge Fund Holders: 72</i></b></p><p><blockquote><b><i>对冲基金持有人数量：72</i></b></blockquote></p><p> <b><i>P/E Ratio: 13.32</i></b></p><p><blockquote><b><i>市盈率：13.32</i></b></blockquote></p><p> Ranking first on our list of the best value stocks in Warren Buffett’s portfolio is Bank of America Corporation (NYSE:BAC), with the billionaire holding more than 1 billion shares worth $42.8 billion by the end of September. Bank of America Corporation (NYSE:BAC) stock represents 14.61% of Warren Buffett’s total Q3 securities.</p><p><blockquote>在沃伦-巴菲特投资组合中最有价值股票榜单中排名第一的是美国银行公司（纽约证券交易所股票代码：BAC），截至 9 月底，这位亿万富翁持有超过 10 亿股股票，价值 428 亿美元。美国银行公司（NYSE:BAC）股票占沃伦-巴菲特第三季度证券总额的 14.61%。</blockquote></p><p> UBS analyst Erika Najarian assumed coverage of Bank of America Corporation (NYSE:BAC) with a Buy rating and a $64 price target on December 9. The analyst named Bank of America Corporation (NYSE:BAC) her top pick among the U.S. large cap banks.</p><p><blockquote>瑞银分析师 Erika Najarian 于 12 月 9 日对美国银行公司（纽约证券交易所股票代码：BAC）给予买入评级，目标价为 64 美元。这位分析师将美国银行公司（纽约证券交易所股票代码：BAC）列为她在美国大型银行中的首选。</blockquote></p><p> Bank of America Corporation (NYSE:BAC), on October 14, announced earnings for the third quarter, posting an EPS of $0.85, beating estimates by $0.15. The revenue was up 11.33% year-over-year, amounting to $22.77 billion, exceeding estimates by $1.16 billion.</p><p><blockquote>美国银行公司（纽约证券交易所股票代码：BAC）于 10 月 14 日公布了第三季度收益，每股收益为 0.85 美元，超出预期 0.15 美元。收入同比增长11.33%，达到227.7亿美元，超出预期11.6亿美元。</blockquote></p><p> In the third quarter, 72 hedge funds were bullish on Bank of America Corporation (NYSE:BAC), holding total stakes valued at $46.48 billion. One of the leading Bank of America Corporation (NYSE:BAC) stakeholders from Q3 isHarris Associates, with a $2.52 billion position in the company.</p><p><blockquote>第三季度，72家对冲基金看好美国银行公司（纽约证券交易所股票代码：BAC），总持股价值464.8亿美元。isHarris Associates 是美国银行公司 (NYSE:BAC) 第三季度的主要利益相关者之一，持有该公司 25.2 亿美元的头寸。</blockquote></p><p> Here&nbsp;is what Oakmark Funds has to say about Bank of America Corporation (NYSE:BAC) in its Q3 2021 investor letter:</p><p><blockquote>以下是 Oakmark Funds 在其 2021 年第三季度投资者信中对美国银行公司 (NYSE:BAC) 的评价：</blockquote></p><p>   “Earlier this year, one of our holdings, Bank of America, announced that it was raising its minimum hourly wage from $15 to $20 and would increase it to $25 by 2025. The company received great press for placing the well-being of its employees above profits. But was it really either/or? Bank of America’s chief human resources officer spoke to the bigger picture: “A core tenet of responsible growth is our commitment to being a great place to work…that includes providing strong pay and competitive benefits to help them and their families, so that we continue to attract and retain the best talent.” Bank of America understood that engaged, high-caliber employees are more productive, less prone to turnover and, therefore, less expensive in the long run. Increasing the pay for employees wasn’t elevating employees above shareholders; it was the right thing to do for employees  <i>and</i>for shareholders.    If an increase to $20 was good, why stop there? Why not $50 per hour? Because the benefits the business receives at $50 don’t justify the expense. The bank would no longer be able to price its products competitively and would lose business. The employees would “win” in the short term, but eventually the lost business would lead to job cuts, meaning both employees and shareholders would lose. The negative effects of stakeholder overreach are no different than when CEOs overreach to inflate short-term profits. Both hurt shareholders  <i>and</i>stakeholders.” </p><p><blockquote>“今年早些时候，我们的控股公司之一美国银行宣布将最低时薪从 15 美元提高到 20 美元，并将在 2025 年提高到 25 美元。该公司因将员工的福祉置于利润之上而受到广泛关注。但真的是非此即彼吗？美国银行首席人力资源官从大局出发： “负责任增长的核心原则是我们致力于成为一个好的工作场所.这包括提供丰厚的薪酬和有竞争力的福利，以帮助他们及其家人，从而继续吸引和留住最优秀的人才”。美国银行明白，敬业的高素质员工生产力更高，不易离职，因此从长远来看成本更低。提高员工工资并不能让员工凌驾于股东之上；对员工来说这是正确的做法<i>和</i>对于股东来说。如果涨到20美元是好的，为什么就此打住呢？为什么不是每小时50美元？因为企业以 50 美元的价格获得的利益并不能证明这笔费用是合理的。该银行将不再能够为其产品定价有竞争力，并将失去业务。员工会在短期内 “获胜”，但最终失去的业务将导致裁员，这意味着员工和股东都将遭受损失。利益相关者越权的负面影响与首席执行官越权夸大短期利润没有什么不同。两者都伤害了股东<i>和</i>利益相关者。”</blockquote></p><p></p>","source":"lsy1606273129822","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>5 Best Value Stocks in Warren Buffett’s Portfolio<blockquote>沃伦·巴菲特投资组合中最有价值的 5 只股票</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n5 Best Value Stocks in Warren Buffett’s Portfolio<blockquote>沃伦·巴菲特投资组合中最有价值的 5 只股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Insider Monkey</strong><span class=\"h-time small\">2021-12-16 15:56</span>\n</p>\n</h4>\n</header>\n<article>\n<p>In this article, we discuss the 10 best value stocks in Warren Buffett’s portfolio.</p><p><blockquote>在本文中，我们将讨论沃伦-巴菲特投资组合中的 10 只最有价值的股票。</blockquote></p><p> Billionaire Warren Buffett is an American business tycoon, legendary value investor, and philanthropist, who is known for his conglomerate holding company, Berkshire Hathaway Inc. (NYSE:BRK-A), which he manages alongside Charlie Munger, who is the vice chairman of the company and the closest associate of Buffett.</p><p><blockquote>亿万富翁沃伦·巴菲特是美国商业大亨、传奇价值投资者和慈善家，以其企业集团控股公司伯克希尔·哈撒韦公司（纽约证券交易所代码：BRK-A）而闻名，他与查理·芒格共同管理该公司副董事长，也是巴菲特最亲密的合伙人。</blockquote></p><p> Buffett manages his investments via his hedge fund,Berkshire Hathaway, which managed about $293.4 billion in 13F securities in the third quarter, gaining approximately $57 billion as compared to the prior-year quarter. Buffett’s portfolio is largely concentrated in the information technology, finance, and consumer staples sectors. The billionaire is known for following the Benjamin Graham school of thought, focusing primarily on value stocks.</p><p><blockquote>巴菲特通过他的对冲基金伯克希尔哈撒韦公司管理他的投资，该公司第三季度管理了约2934亿美元的13F证券，与去年同期相比增加了约570亿美元。巴菲特的投资组合主要集中在信息技术、金融和必需消费品领域。这位亿万富翁以遵循本杰明·格雷厄姆学派而闻名，主要关注价值股。</blockquote></p><p> The legendary investor recommends low-cost index funds for a majority of investors, as some active managers charge heavy management and performance fees, and he doesn’t believe they can beat the market on a consistent basis. In his opinion, amatuer and passive investors are better off betting on an S&amp;P 500 index fund for the long-term, since it would generate returns over the course of a decade that are higher than the returns from a basket of diversified hedge funds after the hedge fund managers are paid their share of the management fees.</p><p><blockquote>这位传奇投资者向大多数投资者推荐低成本指数基金，因为一些主动型基金经理收取高额管理费和业绩费，他不相信这些基金能持续跑赢市场。在他看来，业余和被动投资者最好长期押注标普500指数基金，因为它在十年内产生的回报将高于一篮子多元化对冲基金的回报。对冲基金经理获得管理费份额。</blockquote></p><p> Since Buffett is a long-term investor, he advises people who are starting out their investment journey to buy the stock dips, since the market is eventually going to rise again.</p><p><blockquote>由于巴菲特是一位长期投资者，他建议开始投资之旅的人在股票下跌时买入，因为市场最终会再次上涨。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/95c29fa4a746a9be0316155793ff359c\" tg-width=\"767\" tg-height=\"843\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> The most notable stocks in Warren Buffett’s Q3 portfolio include Apple Inc. (NASDAQ:AAPL), American Express Company (NYSE:AXP), The Coca-Cola Company (NYSE:KO), and Amazon.com, Inc. (NASDAQ:AMZN), in addition to others mentioned in detail below.</p><p><blockquote>巴菲特第三季度投资组合中最著名的股票包括苹果公司（纳斯达克股票代码：AAPL）、美国运通公司（纽约证券交易所股票代码：AXP）、可口可乐公司（纽约证券交易所股票代码：KO）和亚马逊公司（纳斯达克股票代码：AMZN），此外还有下文详细提到的其他股票。</blockquote></p><p> <b><i>Our Methodology</i></b></p><p><blockquote><b><i>我们的方法</i></b></blockquote></p><p> We used the Q3 portfolio of Warren Buffett’s Berkshire Hathaway to select his top 10 value stocks. We chose stocks that had the lowest price to earnings ratio in the billionaire’s portfolio, and ranked the securities according to Buffett’s stake value in each holding.</p><p><blockquote>我们利用沃伦-巴菲特（Warren Buffett）的伯克希尔-哈撒韦公司（Berkshire Hathaway）第三季度投资组合，选出了他的十大价值股。我们选择了这位亿万富翁投资组合中市盈率最低的股票，并根据巴菲特在每笔持股中的持股价值对证券进行排名。</blockquote></p><p> <b>Best Value Stocks in Warren Buffett’s Portfolio</b></p><p><blockquote><b>沃伦·巴菲特投资组合中最有价值的股票</b></blockquote></p><p> <b>10. Wells Fargo &amp; Company (NYSE:WFC)</b></p><p><blockquote><b>10. 富国银行公司（纽约证券交易所代码：WFC）</b></blockquote></p><p> <b><i>Berkshire Hathaway’s Stake Value: $31,329,000</i></b></p><p><blockquote><b><i>伯克希尔哈撒韦公司的股权价值：31,329,000 美元</i></b></blockquote></p><p> <b><i>Percentage of Berkshire Hathaway’s 13F Portfolio: 0.01%</i></b></p><p><blockquote><b><i>伯克希尔哈撒韦公司 13F 投资组合的百分比：0.01%</i></b></blockquote></p><p> <b><i>Number of Hedge Fund Holders: 88</i></b></p><p><blockquote><b><i>对冲基金持有人数量：88</i></b></blockquote></p><p> <b><i>P/E Ratio: 11.98</i></b></p><p><blockquote><b><i>市盈率：11.98</i></b></blockquote></p><p> Wells Fargo &amp; Company (NYSE:WFC) posted its Q3 earnings on October 14. EPS in the quarter totaled $1.22, exceeding estimates by $0.28. Revenue over the period equaled $18.83 billion, outperforming analysts’ consensus estimates by $542.17 million.</p><p><blockquote>富国银行公司（纽约证券交易所股票代码：WFC）于 10 月 14 日公布了第三季度收益。本季度每股收益总计 1.22 美元，超出预期 0.28 美元。同期营收达到 188.3 亿美元，比分析师一致预期高出 5.4217 亿美元。</blockquote></p><p> Warren Buffett holds 675,054 shares in Wells Fargo &amp; Company (NYSE:WFC), an American multinational financial services corporation, as of September this year. Buffett’s stake in Wells Fargo &amp; Company (NYSE:WFC) amounts to $31.32 million, and it accounts for 0.01% of the billionaire’s Q3 portfolio. With a P/E ratio of 11.98, Wells Fargo &amp; Company (NYSE:WFC) is one of the best value stocks in Warren Buffett’s portfolio.</p><p><blockquote>截至今年9月，沃伦·巴菲特持有美国跨国金融服务公司富国银行（纽约证券交易所股票代码：WFC）675,054股股票。巴菲特持有的富国银行（纽约证券交易所股票代码：WFC）股份达 3132 万美元，占这位亿万富翁第三季度投资组合的 0.01%。富国银行（纽约证券交易所股票代码：WFC）的市盈率为 11.98，是沃伦-巴菲特投资组合中最有价值的股票之一。</blockquote></p><p> On December 9, UBS analyst Erika Najarian called Wells Fargo &amp; Company (NYSE:WFC) one of her “highest conviction Buy ideas”, assuming coverage of the stock with a Buy rating and a $65 price target. The analyst sees rising rates and execution of its expense plan driving return on average tangible common shareholders’ equity as attractive catalysts.</p><p><blockquote>12 月 9 日，瑞银（UBS）分析师埃里卡-纳贾里安（Erika Najarian）称富国银行（Wells Fargo &amp; Company，纽约证券交易所股票代码：WFC）是她 “最有说服力的买入想法”之一，她认为该股的评级为买入，目标价为 65 美元。这位分析师认为，利率上升和支出计划的执行推动了有形普通股股东权益的平均回报率，是极具吸引力的催化剂。</blockquote></p><p> A total of 88 hedge funds were bullish on Wells Fargo &amp; Company (NYSE:WFC) at the end of the third quarter, holding stakes worth $6.18 billion. This is comparable to 94 funds holding stakes valued at over $7 billion in Wells Fargo &amp; Company (NYSE:WFC) in the previous quarter.</p><p><blockquote>截至第三季度末，共有88家对冲基金看好富国银行公司（纽约证券交易所股票代码：WFC），持有价值61.8亿美元的股份。这相当于上一季度持有富国银行公司（纽约证券交易所股票代码：WFC）价值超过 70 亿美元股份的 94 只基金。</blockquote></p><p> Boykin Curry’s&nbsp;Eagle Capital Management&nbsp;is the largest Wells Fargo &amp; Company (NYSE:WFC) stakeholder as of the third quarter, holding 33.74 million shares worth $1.56 billion.</p><p><blockquote>截至第三季度，博伊金-库里（Boykin Curry）的鹰资本管理公司（Eagle Capital Management）是富国银行（Wells Fargo &amp; Company，纽约证券交易所股票代码：WFC）最大的股东，持有 3374 万股股票，价值 15.6 亿美元。</blockquote></p><p> Wells Fargo &amp; Company (NYSE:WFC) is a notable stock from Warren Buffett’s Q3 portfolio, in addition to Apple Inc. (NASDAQ:AAPL), American Express Company (NYSE:AXP), The Coca-Cola Company (NYSE:KO), and Amazon.com, Inc. (NASDAQ:AMZN).</p><p><blockquote>富国银行（纽约证券交易所股票代码：WFC）是巴菲特第三季度投资组合中的一只著名股票，此外还有苹果公司（纳斯达克股票代码：AAPL）、美国运通公司（纽约证券交易所股票代码：AXP）、可口可乐公司（纽约证券交易所股票代码：KO）和亚马逊公司（纳斯达克股票代码：AMZN）。</blockquote></p><p> Hereis what Davis Global Fund has to say about Wells Fargo &amp; Company (NYSE:WFC) in its Q3 2021 investor letter:</p><p><blockquote>以下是戴维斯全球基金在其 2021 年第三季度投资者信中对富国银行公司（纽约证券交易所股票代码：WFC）的评价：</blockquote></p><p></p><p>   “…This second chart highlights that financials remain the cheapest part of the market today and continue to be extremely attractive. Strong capital ratios, conservative lending practices, already record low interest rates and now a strengthening economy, all paired with low valuations, bode well for future returns.    Take our top financials holding in Wells Fargo, for instance. Wells Fargo is trading at 1.3x tangible book value, while we expect return on equity (ROE) to be in the mid-to-high teens over time. Even in this low-rate environment, the current multiple is only 12x 2021 owner earnings, and our IRR estimate is 12–13%. Wells Fargo has performed well this year, up 51% year-to-date, yet still looks very attractive, which speaks to how undervalued it was and why it is so important to be patient when investing in high-quality companies trading at low valuations. Rather than invest on the basis of unpredictable near-term catalysts, we prefer to be patient as earnings and cash build up, even if the stock price does not immediately reflect the economic reality. We continue to like our positions in financials.”  <b>9. Teva Pharmaceutical Industries Limited (NYSE:TEVA)</b></p><p><blockquote>“.第二张图表凸显了金融股仍然是当今市场上最便宜的部分，并且仍然极具吸引力。强劲的资本比率、保守的贷款做法、已经创下历史新低的利率以及现在的经济走强，再加上低估值，都预示着未来的回报。以我们持有的富国银行为例。富国银行的交易价格为有形账面价值的 1.3 倍，而我们预计随着时间的推移，股本回报率 (ROE) 将处于中高位。即使在这种低利率环境下，目前的倍数也只有2021年所有者收益的12倍，我们的IRR估计为12-13%。富国银行今年表现良好，今年迄今已上涨 51%，但看起来仍然非常有吸引力，这说明它被低估了多少，以及为什么在投资低估值的优质公司时保持耐心如此重要。与其根据不可预测的近期催化剂进行投资，我们更愿意在盈利和现金积累时保持耐心，即使股价不能立即反映经济现实。我们仍然喜欢我们在金融领域的职位。”<b>9.梯瓦制药工业有限公司（纽约证券交易所代码：TEVA）</b></blockquote></p><p> <b><i>Berkshire Hathaway’s Stake Value: $416,768,000</i></b></p><p><blockquote><b><i>伯克希尔哈撒韦公司的股权价值：416,768,000 美元</i></b></blockquote></p><p> <b><i>Percentage of Berkshire Hathaway’s 13F Portfolio: 0.14%</i></b></p><p><blockquote><b><i>伯克希尔哈撒韦公司 13F 投资组合的百分比：0.14%</i></b></blockquote></p><p> <b><i>Number of Hedge Fund Holders: 22</i></b></p><p><blockquote><b><i>对冲基金持有人数量：22</i></b></blockquote></p><p> <b><i>P/E Ratio: 12.63</i></b></p><p><blockquote><b><i>市盈率：12.63</i></b></blockquote></p><p> Teva Pharmaceutical Industries Limited (NYSE:TEVA), a pharmaceutical company from Israel specializing in generics and biopharmaceutical medicines, reported its Q3 results on October 27. Teva Pharmaceutical Industries Limited (NYSE:TEVA) posted an EPS of $0.59, missing estimates by $0.06. The Q3 revenue totaled $3.89 billion, down 2.29% year-over-year, missing estimates by $163.2 million.</p><p><blockquote>Teva Pharmaceutical Industries Limited（纽约证券交易所股票代码：TEVA）是一家以色列制药公司，专门从事仿制药和生物制药，于10月27日公布了第三季度业绩。梯瓦制药工业有限公司（纽约证券交易所股票代码：TEVA）公布的每股收益为 0.59 美元，比预期低 0.06 美元。第三季度营收总计38.9亿美元，同比下降2.29%，比预期低1.632亿美元。</blockquote></p><p> Warren Buffett holds a $416.76 million position in Teva Pharmaceutical Industries Limited (NYSE:TEVA) as of September 2021, which accounts for 0.14% of the billionaire’s total Q3 portfolio.</p><p><blockquote>截至 2021 年 9 月，沃伦-巴菲特持有梯瓦制药工业有限公司（纽约证券交易所股票代码：TEVA）价值 4.1676 亿美元的头寸，占这位亿万富翁第三季度总投资组合的 0.14%。</blockquote></p><p> Abrams Capital Managementis one of the leading stakeholders of Teva Pharmaceutical Industries Limited (NYSE:TEVA) from the third quarter, owning over 24 million shares valued at $234.2 million.</p><p><blockquote>自第三季度以来，艾布拉姆斯资本管理公司一直是梯瓦制药工业有限公司（纽约证券交易所股票代码：TEVA）的主要利益相关者之一，拥有超过 2400 万股股票，价值 2.342 亿美元。</blockquote></p><p> Hedge funds increased their stakes in Teva Pharmaceutical Industries Limited (NYSE:TEVA) in the third quarter, with 22 funds holding stakes valued at $950.6 million in the company, as compared to the same number of funds being bullish on Teva Pharmaceutical Industries Limited (NYSE:TEVA) in the preceding quarter, with a total stake value of $947.1 million.</p><p><blockquote>对冲基金第三季度增持梯瓦制药工业有限公司（纽约证券交易所股票代码：TEVA），22只基金持有该公司价值9.506亿美元的股份，而同样数量的基金看好梯瓦制药工业有限公司（纽约证券交易所股票代码：TEVA）上一季度，总股权价值为9.471亿美元。</blockquote></p><p> Raymond James analyst Elliot Wilbur on October 27 downgraded Teva Pharmaceutical Industries Limited (NYSE:TEVA) to Market Perform from Outperform without a price target, stating that near-term fundamentals are coming up short, as compared to the performance expectations from the company.</p><p><blockquote>Raymond James 分析师 Elliot Wilbur 于 10 月 27 日将梯瓦制药工业有限公司（纽约证券交易所股票代码：TEVA）的评级从跑赢大盘下调至市场表现，但没有设定价格目标，并表示与该公司的业绩预期相比，近期基本面不足。</blockquote></p><p> <b>8. Globe Life Inc. (NYSE:GL)</b></p><p><blockquote><b>8. 环球人寿公司（纽约证券交易所股票代码：GL）</b></blockquote></p><p> <b><i>Berkshire Hathaway’s Stake Value: $565,672,000</i></b></p><p><blockquote><b><i>伯克希尔哈撒韦公司的股权价值：565,672,000 美元</i></b></blockquote></p><p> <b><i>Percentage of Berkshire Hathaway’s 13F Portfolio: 0.19%</i></b></p><p><blockquote><b><i>伯克希尔哈撒韦公司 13F 投资组合的百分比：0.19%</i></b></blockquote></p><p> <b><i>Number of Hedge Fund Holders: 27</i></b></p><p><blockquote><b><i>对冲基金持有人数量：27</i></b></blockquote></p><p> <b><i>P/E Ratio: 12.45</i></b></p><p><blockquote><b><i>市盈率：12.45</i></b></blockquote></p><p> Billionaire Warren Buffett holds 6.35 million shares in Globe Life Inc. (NYSE:GL) as of September this year, worth $565.6 million, accounting for 0.19% of his total Q3 13F portfolio. Globe Life Inc. (NYSE:GL) is a Texas-based financial services holding company that specializes in life insurance, annuity, and supplemental health insurance products.</p><p><blockquote>截至今年 9 月，亿万富翁沃伦·巴菲特持有 Globe Life Inc.（纽约证券交易所股票代码：GL）635 万股股票，价值 5.656 亿美元，占其第三季度 13F 投资组合总额的 0.19%。Globe Life Inc.（纽约证券交易所股票代码：GL）是一家总部位于德克萨斯州的金融服务控股公司，专门从事人寿保险、年金和补充健康保险产品。</blockquote></p><p> Credit Suisse analyst Andrew Kligerman on October 19 lowered the price target on Globe Life Inc. (NYSE:GL) to $130 from $135 and kept an Outperform rating on the shares, stating that despite the COVID-19 pressures on the stock, Globe Life Inc. (NYSE:GL) is trading at an attractive valuation. Globe Life Inc. (NYSE:GL) is one of the top value stocks according to Warren Buffett’s Berkshire Hathaway.</p><p><blockquote>瑞士信贷分析师 Andrew Kligerman 于 10 月 19 日将 Globe Life Inc. (NYSE:GL) 的目标价从 135 美元下调至 130 美元，并维持该股跑赢大盘评级，表示尽管该股面临 COVID-19 压力，Globe Life Inc. (NYSE:GL) 的交易估值颇具吸引力。根据沃伦-巴菲特的伯克希尔-哈撒韦公司的说法，Globe Life Inc.（纽约证券交易所股票代码：GL）是最有价值的股票之一。</blockquote></p><p> Globe Life Inc. (NYSE:GL) announced Q3 earnings on October 20, posting an EPS of $1.78, missing estimates by $0.11. The quarterly revenue jumped 6.93% to $1.28 billion, outperforming estimates by $15.97 million.</p><p><blockquote>Globe Life Inc.（纽约证券交易所股票代码：GL）于 10 月 20 日公布了第三季度收益，每股收益为 1.78 美元，比预期低 0.11 美元。季度收入增长 6.93%，达到 12.8 亿美元，超出预期 1597 万美元。</blockquote></p><p> Insider Monkey tracks the movement of 867 elite hedge funds as of the third quarter, and a total of 27 funds of them reported owning stakes in Globe Life Inc. (NYSE:GL), worth $775.77 million. This is compared to 28 funds being bullish on Globe Life Inc. (NYSE:GL) in the prior quarter, with a total stake value of approximately $795 million.</p><p><blockquote>Insider Monkey 追踪了截至第三季度 867 家精英对冲基金的动向，其中共有 27 家基金报告持有 Globe Life Inc.（纽约证券交易所股票代码：GL）的股份，价值 7.7577 亿美元。相比之下，上一季度有 28 只基金看好 Globe Life Inc.（纽约证券交易所股票代码：GL），总股权价值约为 7.95 亿美元。</blockquote></p><p> In addition to Apple Inc. (NASDAQ:AAPL), American Express Company (NYSE:AXP), The Coca-Cola Company (NYSE:KO), and Amazon.com, Inc. (NASDAQ:AMZN), elite hedge funds are piling into Globe Life Inc. (NYSE:GL).</p><p><blockquote>除了苹果公司（纳斯达克股票代码：AAPL）、美国运通公司（纽约证券交易所股票代码：AXP）、可口可乐公司（纽约证券交易所股票代码：KO）和亚马逊公司（纳斯达克股票代码：AMZN）之外，精英对冲基金也纷纷涌入环球人寿公司（纽约证券交易所股票代码：GL）。</blockquote></p><p> <b>7. General Motors Company (NYSE:GM)</b></p><p><blockquote><b>7. 通用汽车公司（纽约证券交易所代码：GM）</b></blockquote></p><p> <b><i>Berkshire Hathaway’s Stake Value: $3,162,600,000</i></b></p><p><blockquote><b><i>伯克希尔哈撒韦公司的股权价值：3,162,600,000 美元</i></b></blockquote></p><p> <b><i>Percentage of Berkshire Hathaway’s 13F Portfolio: 1.07%</i></b></p><p><blockquote><b><i>伯克希尔哈撒韦公司 13F 投资组合的百分比：1.07%</i></b></blockquote></p><p> <b><i>Number of Hedge Fund Holders: 77</i></b></p><p><blockquote><b><i>对冲基金持有人数量：77</i></b></blockquote></p><p> <b><i>P/E Ratio: 8.45</i></b></p><p><blockquote><b><i>市盈率：8.45</i></b></blockquote></p><p></p><p> General Motors Company (NYSE:GM) stock represents 1.07% of Berkshire Hathaway’s Q3 portfolio, with the hedge fund holding a $3.16 billion position in the company. General Motors Company (NYSE:GM) is an American multinational automaker, with four core automobile brands including Chevrolet, Buick, GMC, and Cadillac. General Motors Company (NYSE:GM), a notable value stock from Buffett’s Q3 portfolio, is also actively working on electric vehicles, gearing up to compete with the EV market leader, Tesla, Inc. (NASDAQ:TSLA).</p><p><blockquote>通用汽车公司（NYSE:GM）股票占伯克希尔-哈撒韦公司第三季度投资组合的 1.07%，该对冲基金持有该公司 31.6 亿美元的头寸。通用汽车公司（纽约证券交易所股票代码：GM）是一家美国跨国汽车制造商，拥有雪佛兰、别克、GMC和凯迪拉克四大核心汽车品牌。通用汽车公司（纽约证券交易所股票代码：GM）是巴菲特第三季度投资组合中著名的价值股，该公司也在积极研发电动汽车，准备与电动汽车市场领导者特斯拉公司（纳斯达克股票代码：TSLA）竞争。</blockquote></p><p> General Motors Company (NYSE:GM), on October 27, announced its third quarter results, posting earnings per share of $1.52, beating estimates by $0.55. The revenue fell by 24.52% year-over-year, amounting to $26.78 billion, missing estimates by $1.10 billion.</p><p><blockquote>通用汽车公司（纽约证券交易所股票代码：GM）于 10 月 27 日公布了第三季度业绩，每股收益为 1.52 美元，超出预期 0.55 美元。收入同比下降24.52%，至267.8亿美元，比预期低11亿美元。</blockquote></p><p> On November 15, Wedbush analyst Daniel Ives kept an Outperform rating and a price target of $85 on General Motors Company (NYSE:GM)’s shares. The analyst stated that the vertical integration capabilities of General Motors Company (NYSE:GM) and conversion of its massive customer base to electric vehicles over the coming years represents a transformational opportunity for the company looking ahead.</p><p><blockquote>11 月 15 日，Wedbush 分析师丹尼尔-艾夫斯（Daniel Ives）维持通用汽车公司（NYSE:GM）股票跑赢大盘评级，目标价为 85 美元。这位分析师表示，通用汽车公司（纽约证券交易所股票代码：GM）的垂直整合能力以及未来几年其庞大客户群向电动汽车的转变，代表着该公司未来的转型机遇。</blockquote></p><p> Harris Associates&nbsp;is one of the leading General Motors Company (NYSE:GM) stakeholders from Q3, holding a $1.82 billion stake in the company, out of a total of 77 funds that were bullish on the stock in the third quarter.</p><p><blockquote>自第三季度以来，Harris Associates 一直是通用汽车公司（纽约证券交易所股票代码：GM）的主要利益相关者之一，持有该公司价值 18.2 亿美元的股份，而第三季度共有 77 只看好该股票的基金。</blockquote></p><p> Here&nbsp;is what&nbsp;Miller Value Partners&nbsp;has to say about General Motors Company (NYSE:GM) in its Q3 2021 investor letter:</p><p><blockquote>以下是 Miller Value Partners 在其 2021 年第三季度投资者信中对通用汽车公司（纽约证券交易所股票代码：GM）的评价：</blockquote></p><p>   “Another name we’ve recently purchased and have grown incredibly excited about: General Motors (GM). GM is interesting on many levels. We see it as an attractive investment opportunity and it might be a microcosm of current markets, both past and prospective.    Tesla trounced GM over the last decade. Tesla rose 15,797% crushing GM’s 238% increase, which lagged the S&amp;P 500’s 365%. Tesla came out of nowhere creating what many said was the best car ever made. A decade ago, no one saw that coming, including GM. GM’s historical strength led to arrogance. It completely dismissed the threat of any newcomer.    Where are we now? Expectations are entirely different. Tesla’s current price embeds 18 years of growth while GM embeds under one year (see a pattern in what we like?!). Tesla’s expectations look even loftier when you consider that in that 18th year, Tesla would be projected to earn $1.35 trillion revenues at very high, Ferrari-type margins. The largest automakers today generate roughly $250 billion revenues at less than half those margins.    Tesla’s priced to go where no man (or woman!) has gone before. It’s impossible for Tesla to meet these expectations with auto manufacturing alone. It requires something more. Bulls believe Tesla can dominate an autonomous driving future and make significant money on software subscriptions. We don’t have a view on this other than that Tesla needs to do so to be attractive at the current price.    Market expectations for GM, on the other hand, are muted. There appears to be no innovation or growth priced into the stock. Yet GM plans to launch 30 EV (electric vehicles) models globally by 2025 (Tesla has launched a total of 4). GM’s new electric vehicles, like the Hummer and Cadillac Lyric, are extremely impressive. It’s revamping its manufacturing production to be modular, allowing greater speed and adaptability. The entire culture has transformed from a stodgy, bureaucratic old manufacturer to a speedier, more innovative software-enabled automaker. GM currently employs 25,000 software engineers.    GM believes it can double revenues by 2030, and improve margins through software and services. GM currently earns $2 billion of high margin software and services revenue, which is more than Tesla. Cruise, GM’s majority owned autonomous company, recently detailed why it sees the potential for $50B in revenues within 6-8 years of its 2023 launch of the Origin vehicle. BrightDrop, its autonomous commercial vehicle unit, looks promising as well with the potential for $10 billion in revenues. We don’t think this optionality is reflected in the current price. Investors started to see the potential after GM’s recent analyst day. We can easily get values for GM more than double its current price of $58.    The contrast between GM and Tesla illustrates what we see more broadly in the market, which is why we see more opportunity in classic value names than in the secular growth names. After a decade of dominance, expectations for innovative and disruptive companies are quite high. Many classic value companies were caught flat-footed, but have invested heavily to catch up. Muted expectations don’t reflect their improved prospects.”  <b>6. The Bank of New York Mellon Corporation (NYSE:BK)</b></p><p><blockquote>“我们最近购买的另一个品牌让我们无比兴奋：通用汽车公司（GM）。通用汽车在很多方面都很有趣。我们认为它是一个有吸引力的投资机会，它可能是当前市场（包括过去和未来市场）的一个缩影。特斯拉在过去十年中击败了通用汽车。特斯拉上涨了 15,797%，超过了通用汽车 238% 的增幅，后者落后于标普500的 365%。特斯拉凭空出现，创造了许多人所说的有史以来最好的汽车。十年前，没有人预见到这一点，包括通用汽车。通用汽车的历史实力导致了傲慢。它完全排除了任何新来者的威胁。我们现在在哪里？期望完全不同。特斯拉目前的价格包含了 18 年的增长，而通用汽车的增长不到一年（看看我们喜欢的模式？!）。考虑到特斯拉在第 18 个年头的收入预计将达到 1.35 万亿美元，利润率非常高，堪比法拉利，特斯拉的期望就显得更加崇高了。如今，最大的汽车制造商创造了大约 2500 亿美元的收入，但利润率还不到一半。特斯拉的定价是前所未有的。特斯拉仅靠汽车制造业不可能满足这些期望。它需要更多的东西。看涨者相信特斯拉可以主导自动驾驶的未来，并通过软件订阅赚取大量收入。我们对此没有其他看法，只是认为特斯拉需要这样做才能在目前的价格下具有吸引力。另一方面，市场对通用汽车的预期却很低。该股似乎没有创新或增长。然而，通用汽车计划到2025年在全球推出30款EV（电动汽车）车型（特斯拉总共推出了4款）。通用汽车的新型电动汽车，如悍马和凯迪拉克 Lyric，令人印象深刻。该公司正在对其制造生产进行模块化改造，以提高速度和适应性。整个文化已经从一个呆板、官僚主义的老制造商转变为一个更快、更具创新性的软件驱动的汽车制造商。通用汽车目前雇佣了25,000名软件工程师。通用汽车相信，到 2030 年，它可以将收入翻一番，并通过软件和服务提高利润率。通用汽车目前的高利润软件和服务收入为 20 亿美元，超过了特斯拉。通用汽车控股的自动驾驶公司 Cruise 最近详细介绍了为什么它认为在 2023 年推出 Origin 汽车后的 6-8 年内有可能获得 500 亿美元的收入。其自动驾驶商用车部门 BrightDrop 看起来也很有前途，收入潜力达 100 亿美元。我们认为这种选择并没有反映在当前价格中。在通用汽车最近的分析师日之后，投资者开始看到这一潜力。我们可以轻松地获得通用汽车目前 58 美元价格的两倍多的价值。通用汽车和特斯拉之间的对比说明了我们在市场上看到的更广泛的情况，这就是为什么我们在经典价值名称中看到的机会比在长期增长名称中看到的更多。经过十年的主导地位，人们对创新型和颠覆性公司的期望相当高。许多经典价值公司措手不及，但投入巨资迎头赶上。低迷的期望并不反映他们前景的改善。”<b>6. 纽约银行梅隆公司（纽约证券交易所代码：BK）</b></blockquote></p><p> <b><i>Berkshire Hathaway’s Stake Value: $3,751,012,000</i></b></p><p><blockquote><b><i>伯克希尔哈撒韦公司的股权价值：3,751,012,000 美元</i></b></blockquote></p><p> <b><i>Percentage of Berkshire Hathaway’s 13F Portfolio: 1.27%</i></b></p><p><blockquote><b><i>伯克希尔哈撒韦公司 13F 投资组合的百分比：1.27%</i></b></blockquote></p><p></p><p> <b><i>Number of Hedge Fund Holders: 46</i></b></p><p><blockquote><b><i>对冲基金持有人数量：46</i></b></blockquote></p><p> <b><i>P/E Ratio: 14.48</i></b></p><p><blockquote><b><i>市盈率：14.48</i></b></blockquote></p><p> Warren Buffett owned 72.35 million shares in The Bank of New York Mellon Corporation (NYSE:BK), worth $3.75 billion by the end of the third quarter, accounting for 1.27% of the total investment portfolio at Berkshire Hathaway. The Bank of New York Mellon Corporation (NYSE:BK) is a financial services holding company, offering a range of services including corporate banking, investment banking, global wealth management, financial analysis, and private equity.</p><p><blockquote>沃伦·巴菲特持有纽约梅隆银行（纽约证券交易所股票代码：BK）7235万股股票，截至第三季度末价值37.5亿美元，占伯克希尔哈撒韦公司总投资组合的1.27%。纽约梅隆银行（纽约证券交易所股票代码：BK）是一家金融服务控股公司，提供一系列服务，包括企业银行、投资银行、全球财富管理、财务分析和私募股权。</blockquote></p><p> The Bank of New York Mellon Corporation (NYSE:BK) announced on October 19 its Q3 earnings. EPS in the period totaled $1.04, exceeding estimates by $0.04. The $4.04 billion revenue jumped 4.89% year-over-year, outperforming estimates by $88.43 million.</p><p><blockquote>纽约梅隆银行（纽约证券交易所股票代码：BK）于 10 月 19 日公布了第三季度收益。该期间每股收益总计 1.04 美元，超出预期 0.04 美元。40.4亿美元的收入同比增长4.89%，超出预期8843万美元。</blockquote></p><p> Morgan Stanley analyst Betsy Graseck on December 6 downgraded The Bank of New York Mellon Corporation (NYSE:BK) to Underweight from Equal Weight with a $59 price target, citing the stock’s valuation, low loan exposure, and negative operating leverage as reasons for the downgrade.</p><p><blockquote>摩根士丹利分析师贝齐-格拉塞克（Betsy Graseck）于 12 月 6 日将纽约梅隆银行（NYSE:BK）的评级从同等权重下调至跑输大盘，目标价为 59 美元，理由是该股的估值、低贷款敞口和负运营杠杆是下调评级的原因。</blockquote></p><p> First Eagle Investment Management&nbsp;is one of the largest stakeholders of The Bank of New York Mellon Corporation (NYSE:BK) in Q3, with 16.1 million shares worth over $837 million. Overall, 46 hedge funds monitored by Insider Monkey were bullish on The Bank of New York Mellon Corporation (NYSE:BK) in the third quarter, down from 52 funds in the preceding quarter.</p><p><blockquote>First Eagle Investment Management 是第三季度纽约梅隆银行（纽约证券交易所股票代码：BK）最大的股东之一，持有 1610 万股股票，价值超过 8.37 亿美元。总体而言，Insider Monkey 监测的 46 家对冲基金第三季度看好纽约梅隆银行（纽约证券交易所股票代码：BK），低于上一季度的 52 家。</blockquote></p><p> The Bank of New York Mellon Corporation (NYSE:BK) is a notable stock from Warren Buffett’s Q3 portfolio, just like Apple Inc. (NASDAQ:AAPL), American Express Company (NYSE:AXP), The Coca-Cola Company (NYSE:KO), and Amazon.com, Inc. (NASDAQ:AMZN).</p><p><blockquote>纽约梅隆银行（NYSE:BK）是巴菲特第三季度投资组合中的一只著名股票，就像苹果公司（NASDAQ:AAPL）、美国运通公司（NYSE:AXP）、可口可乐公司（NYSE:KO）和亚马逊公司（NASDAQ:AMZN）一样。</blockquote></p><p> <b>5. DaVita Inc. (NYSE:DVA)</b></p><p><blockquote><b>5. DaVita Inc.（纽约证券交易所代码：DVA）</b></blockquote></p><p> <b><i>Berkshire Hathaway’s Stake Value: $4,196,471,000</i></b></p><p><blockquote><b><i>伯克希尔哈撒韦公司的股权价值：4,196,471,000 美元</i></b></blockquote></p><p> <b><i>Percentage of Berkshire Hathaway’s 13F Portfolio: 1.43%</i></b></p><p><blockquote><b><i>伯克希尔哈撒韦公司 13F 投资组合的百分比：1.43%</i></b></blockquote></p><p> <b><i>Number of Hedge Fund Holders: 39</i></b></p><p><blockquote><b><i>对冲基金持有人数量：39</i></b></blockquote></p><p> <b><i>P/E Ratio: 12.37</i></b></p><p><blockquote><b><i>市盈率：12.37</i></b></blockquote></p><p> DaVita Inc. (NYSE:DVA) made it to our list of the best value stocks in Warren Buffett’s portfolio, with the company announcing solid Q3 earnings on October 28, posting an EPS of $2.36, beating estimates by $0.10. Revenue over the period also outperformed estimates by $23.55 million.</p><p><blockquote>DaVita Inc.（纽约证券交易所股票代码：DVA）入选了沃伦-巴菲特投资组合中最有价值股票的名单，该公司于 10 月 28 日公布了稳健的第三季度收益，每股收益为 2.36 美元，比预期高出 0.10 美元。同期收入也超出预期 2355 万美元。</blockquote></p><p> Deutsche Bank analyst Pito Chickering on November 17 lowered the price target on DaVita Inc. (NYSE:DVA) to $150 from $164 and kept a Buy rating on the shares after the capital markets day, stating that the company offers a longer term investment horizon than many investors can be comfortable with.</p><p><blockquote>德意志银行分析师 Pito Chickering 于 11 月 17 日将 DaVita Inc.（纽约证券交易所股票代码：DVA）的目标价从 164 美元下调至 150 美元，并在资本市场日之后维持该股的买入评级，称该公司提供的长期投资期限比许多投资者可以放心。</blockquote></p><p> DaVita Inc. (NYSE:DVA) is a healthcare company primarily focusing on kidney diseases and dialysis support, operating in nine countries in addition to the United States. Warren Buffett holds a $4.19 billion position in DaVita Inc. (NYSE:DVA) as of September this year, with DaVita Inc. (NYSE:DVA) stock accounting for 1.43% of the billionaire’s total investments.</p><p><blockquote>DaVita Inc.（纽约证券交易所股票代码：DVA）是一家主要专注于肾脏疾病和透析支持的医疗保健公司，除美国外，在九个国家开展业务。截至今年 9 月，沃伦-巴菲特持有 DaVita Inc.（纽约证券交易所股票代码：DVA）价值 41.9 亿美元，DaVita Inc.（纽约证券交易所股票代码：DVA）股票占这位亿万富翁总投资的 1.43%。</blockquote></p><p> At the end of the third quarter, 39 hedge funds tracked by Insider Monkey reported owning stakes worth $4.81 billion in DaVita Inc. (NYSE:DVA). This is compared to the same number of funds holding the DaVita Inc. (NYSE:DVA) stock in the preceding quarter, with a total stake value of approximately $5.13 billion.</p><p><blockquote>截至第三季度末，Insider Monkey 追踪的 39 家对冲基金报告称持有 DaVita Inc.（纽约证券交易所股票代码：DVA）价值 48.1 亿美元的股份。相比之下，上一季度持有 DaVita Inc.（纽约证券交易所股票代码：DVA）股票的基金数量相同，总股权价值约为 51.3 亿美元。</blockquote></p><p> Gates Capital Managementincreased its stake in DaVita Inc. (NYSE:DVA) by 5% in the third quarter, and is one of the leading stakeholders of the company, with a $174.1 million position.</p><p><blockquote>盖茨资本管理公司第三季度将其在 DaVita Inc.（纽约证券交易所股票代码：DVA）的股份增加了 5%，是该公司的主要利益相关者之一，持有 1.741 亿美元的头寸。</blockquote></p><p> <b>4. U.S. Bancorp (NYSE:USB)</b></p><p><blockquote><b>4. 合众银行（纽约证券交易所股票代码：USB）</b></blockquote></p><p> <b><i>Berkshire Hathaway’s Stake Value: $7,514,279,000</i></b></p><p><blockquote><b><i>伯克希尔哈撒韦公司的股权价值：7,514,279,000 美元</i></b></blockquote></p><p> <b><i>Percentage of Berkshire Hathaway’s 13F Portfolio: 2.52%</i></b></p><p><blockquote><b><i>伯克希尔哈撒韦公司 13F 投资组合的百分比：2.52%</i></b></blockquote></p><p> <b><i>Number of Hedge Fund Holders: 42</i></b></p><p><blockquote><b><i>对冲基金持有人数量：42</i></b></blockquote></p><p> <b><i>P/E Ratio: 11.60</i></b></p><p><blockquote><b><i>市盈率：11.60</i></b></blockquote></p><p> U.S. Bancorp (NYSE:USB) is a Minnesota-based bank holding company that operates via its wholly owned subsidiary, U.S. Bank National Association, and offers banking, investment, mortgage, trust, and payment services to customers. As one of the best value stocks in Warren Buffett’s Q3 portfolio, U.S. Bancorp (NYSE:USB) represents 2.52% of the billionaire’s total investments. Berkshire Hathaway owns over 126 million U.S. Bancorp (NYSE:USB) shares, worth $7.51 billion.</p><p><blockquote>U.S. Bancorp（纽约证券交易所股票代码：USB）是一家总部位于明尼苏达州的银行控股公司，通过其全资子公司美国银行全国协会运营，为客户提供银行、投资、抵押贷款、信托和支付服务。作为沃伦-巴菲特第三季度投资组合中最有价值的股票之一，美国合众银行（纽约证券交易所股票代码：USB）占这位亿万富翁总投资的 2.52%。伯克希尔哈撒韦公司拥有超过 1.26 亿股 U.S. Bancorp (NYSE:USB) 股票，价值 75.1 亿美元。</blockquote></p><p> On December 9, UBS analyst Erika Najarian initiated coverage of U.S. Bancorp (NYSE:USB) with a Buy rating and a $70 price target, after the 300 basis points of ROTCE outperformance by the company.</p><p><blockquote>12 月 9 日，瑞银分析师 Erika Najarian 开始对 U.S. Bancorp (NYSE:USB) 进行买入评级，目标价为 70 美元，此前该公司的 ROTCE 表现优于 300 个基点。</blockquote></p><p> U.S. Bancorp (NYSE:USB), on October 14, reported its Q3 results, posting an EPS of $1.30, beating estimates by $0.14. The $5.86 billion revenue also exceeded estimates by $105.32 million.</p><p><blockquote>U.S. Bancorp（纽约证券交易所股票代码：USB）于 10 月 14 日公布了第三季度业绩，每股收益为 1.30 美元，超出预期 0.14 美元。58.6亿美元的收入也超出预期1.0532亿美元。</blockquote></p><p> In Q3 2021, 42 hedge funds in the database of Insider Monkey were long U.S. Bancorp (NYSE:USB), up from 41 funds in the preceding quarter.Yacktman Asset Managementis one of the leading stakeholders of U.S. Bancorp (NYSE:USB), holding a $279.3 million stake in the bank holding company.</p><p><blockquote>2021 年第三季度，Insider Monkey 数据库中有 42 只对冲基金做多 U.S. Bancorp (NYSE:USB)，高于上一季度的 41 只基金。 Yacktman Asset Managementis 是 U.S. Bancorp (NYSE:USB) 的主要利益相关者之一，持有该银行控股公司 2.793 亿美元的股份。</blockquote></p><p> Hereis what Mairs &amp; Power has to say about U.S. Bancorp (NYSE:USB) in their Q4 2020 investor letter:</p><p><blockquote>以下是 Mairs &amp; Power 在 2020 年第四季度投资者信中对 U.S. Bancorp（纽约证券交易所股票代码：USB）的评价：</blockquote></p><p></p><p>   “On the negative side, one of the Fund’s biggest detractor in 2020 was U.S. Bancorp (USB). Like all banks, U.S. Bank was hurt by the difficult interest rate environment and credit cycle concerns. We believe banks are strong enough to survive the current sector doldrums, and they remain some of the market’s most attractive opportunities.”  <b>3. Verizon Communications Inc. (NYSE:VZ)</b></p><p><blockquote>“从消极的一面来看，2020 年该基金最大的诋毁者之一是合众银行（USB）。与所有银行一样，合众银行也受到了困难的利率环境和信贷周期担忧的影响。我们相信，银行有足够的实力在当前的行业低迷中生存下来，它们仍然是市场上最具吸引力的机会。”<b>3. 威瑞森通信公司（纽约证券交易所股票代码：VZ）</b></blockquote></p><p> <b><i>Berkshire Hathaway’s Stake Value: $8,578,115,000</i></b></p><p><blockquote><b><i>伯克希尔哈撒韦公司的股权价值：8,578,115,000 美元</i></b></blockquote></p><p> <b><i>Percentage of Berkshire Hathaway’s 13F Portfolio: 2.92%</i></b></p><p><blockquote><b><i>伯克希尔哈撒韦公司 13F 投资组合的百分比：2.92%</i></b></blockquote></p><p> <b><i>Number of Hedge Fund Holders: 57</i></b></p><p><blockquote><b><i>对冲基金持有人数量：57</i></b></blockquote></p><p> <b><i>P/E Ratio: 9.43</i></b></p><p><blockquote><b><i>市盈率：9.43</i></b></blockquote></p><p> With a price to earnings ratio of 9.43, Verizon Communications Inc. (NYSE:VZ) is one of Warren Buffett’s top value stock picks from the third quarter, with the billionaire holding an $8.57 billion position in the company. Verizon Communications Inc. (NYSE:VZ), an American multinational telecommunications conglomerate, announced a quarterly dividend of $0.64 per share on December 2, payable on February 1 to shareholders of record on January 10. Verizon Communications Inc. (NYSE:VZ) offers a forward dividend yield of 5.10%.</p><p><blockquote>Verizon Communications Inc.（纽约证券交易所股票代码：VZ）的市盈率为 9.43，是沃伦-巴菲特第三季度最看好的股票之一，这位亿万富翁在该公司持有 85.7 亿美元的头寸。美国跨国电信集团 Verizon Communications Inc.（纽约证券交易所股票代码：VZ）于 12 月 2 日宣布派发每股 0.64 美元的季度股息，将于 2 月 1 日支付给 1 月 10 日登记在册的股东。Verizon Communications Inc.（纽约证券交易所股票代码：VZ）的远期股息率为 5.10%。</blockquote></p><p> On October 20, Verizon Communications Inc. (NYSE:VZ) announced Q3 results, posting an EPS of $1.41, beating estimates by $0.05. The quarterly revenue amounted to $32.92 billion, missing estimates by $301.93 million. Following the Q3 performance, Cowen analyst Colby Synesael raised the price target on Verizon Communications Inc. (NYSE:VZ) to $71 from $68 and kept an Outperform rating on the shares.</p><p><blockquote>10 月 20 日，Verizon Communications Inc.（纽约证券交易所股票代码：VZ）公布了第三季度业绩，每股收益为 1.41 美元，超出预期 0.05 美元。季度收入达329.2亿美元，比预期低3.0193亿美元。继第三季度业绩公布后，Cowen 分析师 Colby Synesael 将 Verizon Communications Inc.（纽约证券交易所股票代码：VZ）的目标价从 68 美元上调至 71 美元，并维持该股跑赢大盘评级。</blockquote></p><p> Verizon Communications Inc. (NYSE:VZ) was awarded two contracts worth $34.6 million by the U.S. Department of Energy. The task orders were awarded through the federal government’s Enterprise Infrastructure Solutions contract vehicle on December 1.</p><p><blockquote>Verizon Communications Inc.（纽约证券交易所股票代码：VZ）获得了两份价值 3460 万美元的合同。能源部。这些任务订单于 12 月 1 日通过联邦政府的企业基础设施解决方案合同工具授予。</blockquote></p><p> By the end of the third quarter, 57 hedge funds were bullish on Verizon Communications Inc. (NYSE:VZ), down from 63 funds in the preceding quarter. Jaime Sterne’s&nbsp;Skye Global Management&nbsp;is one of the leading Verizon Communications Inc. (NYSE:VZ) stakeholders from Q3, holding a $282.3 million position in the company.</p><p><blockquote>截至第三季度末，57 家对冲基金看好 Verizon Communications Inc.（纽约证券交易所股票代码：VZ），低于上一季度的 63 家。Jaime Sterne 的 Skye Global Management 是第三季度 Verizon Communications Inc.（纽约证券交易所股票代码：VZ）的主要利益相关者之一，持有该公司价值 2.823 亿美元的股份。</blockquote></p><p> Hereis what&nbsp;Miller/Howard Investments&nbsp;has to say about Verizon Communications Inc. (NYSE:VZ) in its Q1 2021 investor letter:</p><p><blockquote>以下是 Miller/Howard Investments 在其 2021 年第一季度投资者信中对 Verizon Communications Inc.（纽约证券交易所股票代码：VZ）的评价：</blockquote></p><p>   “We sold Verizon (VZ) based on concerns over how much they might spend in ongoing spectrum auctions. Management may legitimately view spending billions of dollars to expand their spectrum holdings as necessary, but we believe the payoff will be slow and will make it challenging to grow the dividend at a good pace.”  <b>2. American Express Company (NYSE:AXP)</b></p><p><blockquote>“我们出售 Verizon (VZ) 的原因是担心他们在正在进行的频谱拍卖中可能会花费多少钱。管理层可能有理由认为，花费数十亿美元扩大频谱持有量是必要的，但我们认为，回报将是缓慢的，这将使以良好的速度增长股息变得具有挑战性。”<b>2. 美国运通公司（纽约证券交易所代码：AXP）</b></blockquote></p><p> <b><i>Berkshire Hathaway’s Stake Value: $25,399,340,000</i></b></p><p><blockquote><b><i>伯克希尔哈撒韦公司的股权价值：25,399,340,000 美元</i></b></blockquote></p><p> <b><i>Percentage of Berkshire Hathaway’s 13F Portfolio: 8.65%</i></b></p><p><blockquote><b><i>伯克希尔哈撒韦公司 13F 投资组合的百分比：8.65%</i></b></blockquote></p><p> <b><i>Number of Hedge Fund Holders: 57</i></b></p><p><blockquote><b><i>对冲基金持有人数量：57</i></b></blockquote></p><p> <b><i>P/E Ratio: 17.45</i></b></p><p><blockquote><b><i>市盈率：17.45</i></b></blockquote></p><p> American Express Company (NYSE:AXP), a multinational payment card services company, posted on October 22 its Q3 results. EPS for the period came in at $2.27, exceeding estimates by $0.52. The revenue amounted to $10.93 billion, up 24.88% year-over-year, outperforming estimates by $382.39 million.</p><p><blockquote>跨国支付卡服务公司美国运通公司（纽约证券交易所股票代码：AXP）于 10 月 22 日公布了第三季度业绩。该期间每股收益为 2.27 美元，超出预期 0.52 美元。营收达109.3亿美元，同比增长24.88%，超出预期3.8239亿美元。</blockquote></p><p> 8.65% of Berkshire Hathaway’s Q3 investments are represented by American Express Company (NYSE:AXP) stock, with Warren Buffett holding 151.6 million shares of the company, worth $25.39 billion at the end of September this year. American Express Company (NYSE:AXP) is one of the best value stocks in Warren Buffett’s portfolio.</p><p><blockquote>伯克希尔-哈撒韦公司第三季度投资的 8.65% 是美国运通公司（NYSE:AXP）股票，沃伦-巴菲特持有该公司股票 1.516 亿股，截至今年 9 月底，价值 253.9 亿美元。美国运通公司（纽约证券交易所股票代码：AXP）是沃伦-巴菲特投资组合中最有价值的股票之一。</blockquote></p><p> The smart money took a greater interest in American Express Company (NYSE:AXP) in the third quarter, with 57 hedge funds being bullish on the stock at September end, up from 52 funds holding stakes in American Express Company (NYSE:AXP) in the preceding quarter.Fisher Asset Management&nbsp;is a notable stakeholder of American Express Company (NYSE:AXP) in Q3, with 15.6 million shares valued at $2.61 billion.</p><p><blockquote>精明资金在第三季度对美国运通公司（纽约证券交易所股票代码：AXP）表现出了更大的兴趣，截至 9 月底，有 57 家对冲基金看好该股，高于上一季度持有美国运通公司（纽约证券交易所股票代码：AXP）股份的 52 家基金。费舍尔资产管理公司是第三季度美国运通公司（纽约证券交易所股票代码：AXP）的著名股东，持有 1560 万股股票，价值 26.1 亿美元。</blockquote></p><p> After the Q3 earnings beat, BMO Capital analyst James Fotheringham on October 25 raised the price target on American Express Company (NYSE:AXP) to $151 from $147 but kept a Market Perform rating on the shares. In addition to the strong Q3 earnings, the analyst revised his model for American Express Company (NYSE:AXP) to forecast higher net interest income, lower loan loss provisions, and lower share counts.</p><p><blockquote>在第三季度盈利超出预期后，BMO Capital 分析师 James Fotheringham 于 10 月 25 日将美国运通公司 (NYSE:AXP) 的目标价从 147 美元上调至 151 美元，但维持该股的市场表现评级。除了强劲的第三季度收益外，该分析师还修改了美国运通公司（纽约证券交易所股票代码：AXP）的模型，预测更高的净利息收入、更低的贷款损失准备金和更低的股票数量。</blockquote></p><p> Hereis what&nbsp;ClearBridge Investments&nbsp;has to say about American Express Company (NYSE:AXP) in its Q2 2021 investor letter:</p><p><blockquote>以下是 ClearBridge Investments 在其 2021 年第二季度投资者信中对美国运通公司（纽约证券交易所股票代码：AXP）的评价：</blockquote></p><p></p><p>   “In financials, American Express has done an excellent job demonstrating the resiliency of its franchise in the midst of a global pandemic that drove a 60% decline in its core travel and entertainment business. The company’s spend-centric model has been helped by fiscal stimulus ensuring a flush consumer, while management continues to execute well by adding millions of new consumer and small and medium business accounts, which should benefit the franchise over the medium to long term. We remain optimistic regarding the company’s prospects as travel and entertainment activity rebounds, adding to our position in the quarter.”  <b>1. Bank of America Corporation (NYSE:BAC)</b></p><p><blockquote>“在财务方面，美国运通在全球大流行病导致其核心旅游和娱乐业务下降 60% 的情况下，出色地展示了其特许经营权的韧性。该公司以支出为中心的模式得益于财政刺激措施，确保了消费者的活跃，而管理层通过增加数百万个新的消费者和中小企业账户，继续表现出色，这将使特许经营权在中长期内受益。随着旅游和娱乐活动的反弹，我们对公司的前景保持乐观，这增加了我们在本季度的地位。”<b>1. 美国银行公司（纽约证券交易所代码：BAC）</b></blockquote></p><p> <b><i>Berkshire Hathaway’s Stake Value: $42,878,771,000</i></b></p><p><blockquote><b><i>伯克希尔哈撒韦公司的股权价值：42,878,771,000 美元</i></b></blockquote></p><p> <b><i>Percentage of Berkshire Hathaway’s 13F Portfolio: 14.61%</i></b></p><p><blockquote><b><i>伯克希尔哈撒韦公司 13F 投资组合的百分比：14.61%</i></b></blockquote></p><p> <b><i>Number of Hedge Fund Holders: 72</i></b></p><p><blockquote><b><i>对冲基金持有人数量：72</i></b></blockquote></p><p> <b><i>P/E Ratio: 13.32</i></b></p><p><blockquote><b><i>市盈率：13.32</i></b></blockquote></p><p> Ranking first on our list of the best value stocks in Warren Buffett’s portfolio is Bank of America Corporation (NYSE:BAC), with the billionaire holding more than 1 billion shares worth $42.8 billion by the end of September. Bank of America Corporation (NYSE:BAC) stock represents 14.61% of Warren Buffett’s total Q3 securities.</p><p><blockquote>在沃伦-巴菲特投资组合中最有价值股票榜单中排名第一的是美国银行公司（纽约证券交易所股票代码：BAC），截至 9 月底，这位亿万富翁持有超过 10 亿股股票，价值 428 亿美元。美国银行公司（NYSE:BAC）股票占沃伦-巴菲特第三季度证券总额的 14.61%。</blockquote></p><p> UBS analyst Erika Najarian assumed coverage of Bank of America Corporation (NYSE:BAC) with a Buy rating and a $64 price target on December 9. The analyst named Bank of America Corporation (NYSE:BAC) her top pick among the U.S. large cap banks.</p><p><blockquote>瑞银分析师 Erika Najarian 于 12 月 9 日对美国银行公司（纽约证券交易所股票代码：BAC）给予买入评级，目标价为 64 美元。这位分析师将美国银行公司（纽约证券交易所股票代码：BAC）列为她在美国大型银行中的首选。</blockquote></p><p> Bank of America Corporation (NYSE:BAC), on October 14, announced earnings for the third quarter, posting an EPS of $0.85, beating estimates by $0.15. The revenue was up 11.33% year-over-year, amounting to $22.77 billion, exceeding estimates by $1.16 billion.</p><p><blockquote>美国银行公司（纽约证券交易所股票代码：BAC）于 10 月 14 日公布了第三季度收益，每股收益为 0.85 美元，超出预期 0.15 美元。收入同比增长11.33%，达到227.7亿美元，超出预期11.6亿美元。</blockquote></p><p> In the third quarter, 72 hedge funds were bullish on Bank of America Corporation (NYSE:BAC), holding total stakes valued at $46.48 billion. One of the leading Bank of America Corporation (NYSE:BAC) stakeholders from Q3 isHarris Associates, with a $2.52 billion position in the company.</p><p><blockquote>第三季度，72家对冲基金看好美国银行公司（纽约证券交易所股票代码：BAC），总持股价值464.8亿美元。isHarris Associates 是美国银行公司 (NYSE:BAC) 第三季度的主要利益相关者之一，持有该公司 25.2 亿美元的头寸。</blockquote></p><p> Here&nbsp;is what Oakmark Funds has to say about Bank of America Corporation (NYSE:BAC) in its Q3 2021 investor letter:</p><p><blockquote>以下是 Oakmark Funds 在其 2021 年第三季度投资者信中对美国银行公司 (NYSE:BAC) 的评价：</blockquote></p><p>   “Earlier this year, one of our holdings, Bank of America, announced that it was raising its minimum hourly wage from $15 to $20 and would increase it to $25 by 2025. The company received great press for placing the well-being of its employees above profits. But was it really either/or? Bank of America’s chief human resources officer spoke to the bigger picture: “A core tenet of responsible growth is our commitment to being a great place to work…that includes providing strong pay and competitive benefits to help them and their families, so that we continue to attract and retain the best talent.” Bank of America understood that engaged, high-caliber employees are more productive, less prone to turnover and, therefore, less expensive in the long run. Increasing the pay for employees wasn’t elevating employees above shareholders; it was the right thing to do for employees  <i>and</i>for shareholders.    If an increase to $20 was good, why stop there? Why not $50 per hour? Because the benefits the business receives at $50 don’t justify the expense. The bank would no longer be able to price its products competitively and would lose business. The employees would “win” in the short term, but eventually the lost business would lead to job cuts, meaning both employees and shareholders would lose. The negative effects of stakeholder overreach are no different than when CEOs overreach to inflate short-term profits. Both hurt shareholders  <i>and</i>stakeholders.” </p><p><blockquote>“今年早些时候，我们的控股公司之一美国银行宣布将最低时薪从 15 美元提高到 20 美元，并将在 2025 年提高到 25 美元。该公司因将员工的福祉置于利润之上而受到广泛关注。但真的是非此即彼吗？美国银行首席人力资源官从大局出发： “负责任增长的核心原则是我们致力于成为一个好的工作场所.这包括提供丰厚的薪酬和有竞争力的福利，以帮助他们及其家人，从而继续吸引和留住最优秀的人才”。美国银行明白，敬业的高素质员工生产力更高，不易离职，因此从长远来看成本更低。提高员工工资并不能让员工凌驾于股东之上；对员工来说这是正确的做法<i>和</i>对于股东来说。如果涨到20美元是好的，为什么就此打住呢？为什么不是每小时50美元？因为企业以 50 美元的价格获得的利益并不能证明这笔费用是合理的。该银行将不再能够为其产品定价有竞争力，并将失去业务。员工会在短期内 “获胜”，但最终失去的业务将导致裁员，这意味着员工和股东都将遭受损失。利益相关者越权的负面影响与首席执行官越权夸大短期利润没有什么不同。两者都伤害了股东<i>和</i>利益相关者。”</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.insidermonkey.com/blog/5-best-value-stocks-in-warren-buffetts-portfolio-1013929/5/\">Insider Monkey</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":{"BAC":"美国银行","VZ":"Verizon Comms","GL":"Globe Life Inc.","WFC":"富国银行","GM":"通用汽车","AXP":"美国运通","TEVA":"梯瓦制药","BK":"Bank of New York Mellon","USB":"美国合众银行","DVA":"达维塔保健"},"source_url":"https://www.insidermonkey.com/blog/5-best-value-stocks-in-warren-buffetts-portfolio-1013929/5/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1129001294","content_text":"In this article, we discuss the 10 best value stocks in Warren Buffett’s portfolio.\nBillionaire Warren Buffett is an American business tycoon, legendary value investor, and philanthropist, who is known for his conglomerate holding company, Berkshire Hathaway Inc. (NYSE:BRK-A), which he manages alongside Charlie Munger, who is the vice chairman of the company and the closest associate of Buffett.\nBuffett manages his investments via his hedge fund,Berkshire Hathaway, which managed about $293.4 billion in 13F securities in the third quarter, gaining approximately $57 billion as compared to the prior-year quarter. Buffett’s portfolio is largely concentrated in the information technology, finance, and consumer staples sectors. The billionaire is known for following the Benjamin Graham school of thought, focusing primarily on value stocks.\nThe legendary investor recommends low-cost index funds for a majority of investors, as some active managers charge heavy management and performance fees, and he doesn’t believe they can beat the market on a consistent basis. In his opinion, amatuer and passive investors are better off betting on an S&P 500 index fund for the long-term, since it would generate returns over the course of a decade that are higher than the returns from a basket of diversified hedge funds after the hedge fund managers are paid their share of the management fees.\nSince Buffett is a long-term investor, he advises people who are starting out their investment journey to buy the stock dips, since the market is eventually going to rise again.\n\nThe most notable stocks in Warren Buffett’s Q3 portfolio include Apple Inc. (NASDAQ:AAPL), American Express Company (NYSE:AXP), The Coca-Cola Company (NYSE:KO), and Amazon.com, Inc. (NASDAQ:AMZN), in addition to others mentioned in detail below.\nOur Methodology\nWe used the Q3 portfolio of Warren Buffett’s Berkshire Hathaway to select his top 10 value stocks. We chose stocks that had the lowest price to earnings ratio in the billionaire’s portfolio, and ranked the securities according to Buffett’s stake value in each holding.\nBest Value Stocks in Warren Buffett’s Portfolio\n10. Wells Fargo & Company (NYSE:WFC)\nBerkshire Hathaway’s Stake Value: $31,329,000\nPercentage of Berkshire Hathaway’s 13F Portfolio: 0.01%\nNumber of Hedge Fund Holders: 88\nP/E Ratio: 11.98\nWells Fargo & Company (NYSE:WFC) posted its Q3 earnings on October 14. EPS in the quarter totaled $1.22, exceeding estimates by $0.28. Revenue over the period equaled $18.83 billion, outperforming analysts’ consensus estimates by $542.17 million.\nWarren Buffett holds 675,054 shares in Wells Fargo & Company (NYSE:WFC), an American multinational financial services corporation, as of September this year. Buffett’s stake in Wells Fargo & Company (NYSE:WFC) amounts to $31.32 million, and it accounts for 0.01% of the billionaire’s Q3 portfolio. With a P/E ratio of 11.98, Wells Fargo & Company (NYSE:WFC) is one of the best value stocks in Warren Buffett’s portfolio.\nOn December 9, UBS analyst Erika Najarian called Wells Fargo & Company (NYSE:WFC) one of her “highest conviction Buy ideas”, assuming coverage of the stock with a Buy rating and a $65 price target. The analyst sees rising rates and execution of its expense plan driving return on average tangible common shareholders’ equity as attractive catalysts.\nA total of 88 hedge funds were bullish on Wells Fargo & Company (NYSE:WFC) at the end of the third quarter, holding stakes worth $6.18 billion. This is comparable to 94 funds holding stakes valued at over $7 billion in Wells Fargo & Company (NYSE:WFC) in the previous quarter.\nBoykin Curry’s Eagle Capital Management is the largest Wells Fargo & Company (NYSE:WFC) stakeholder as of the third quarter, holding 33.74 million shares worth $1.56 billion.\nWells Fargo & Company (NYSE:WFC) is a notable stock from Warren Buffett’s Q3 portfolio, in addition to Apple Inc. (NASDAQ:AAPL), American Express Company (NYSE:AXP), The Coca-Cola Company (NYSE:KO), and Amazon.com, Inc. (NASDAQ:AMZN).\nHereis what Davis Global Fund has to say about Wells Fargo & Company (NYSE:WFC) in its Q3 2021 investor letter:\n\n “…This second chart highlights that financials remain the cheapest part of the market today and continue to be extremely attractive. Strong capital ratios, conservative lending practices, already record low interest rates and now a strengthening economy, all paired with low valuations, bode well for future returns.\n\n\n Take our top financials holding in Wells Fargo, for instance. Wells Fargo is trading at 1.3x tangible book value, while we expect return on equity (ROE) to be in the mid-to-high teens over time. Even in this low-rate environment, the current multiple is only 12x 2021 owner earnings, and our IRR estimate is 12–13%. Wells Fargo has performed well this year, up 51% year-to-date, yet still looks very attractive, which speaks to how undervalued it was and why it is so important to be patient when investing in high-quality companies trading at low valuations. Rather than invest on the basis of unpredictable near-term catalysts, we prefer to be patient as earnings and cash build up, even if the stock price does not immediately reflect the economic reality. We continue to like our positions in financials.”\n\n9. Teva Pharmaceutical Industries Limited (NYSE:TEVA)\nBerkshire Hathaway’s Stake Value: $416,768,000\nPercentage of Berkshire Hathaway’s 13F Portfolio: 0.14%\nNumber of Hedge Fund Holders: 22\nP/E Ratio: 12.63\nTeva Pharmaceutical Industries Limited (NYSE:TEVA), a pharmaceutical company from Israel specializing in generics and biopharmaceutical medicines, reported its Q3 results on October 27. Teva Pharmaceutical Industries Limited (NYSE:TEVA) posted an EPS of $0.59, missing estimates by $0.06. The Q3 revenue totaled $3.89 billion, down 2.29% year-over-year, missing estimates by $163.2 million.\nWarren Buffett holds a $416.76 million position in Teva Pharmaceutical Industries Limited (NYSE:TEVA) as of September 2021, which accounts for 0.14% of the billionaire’s total Q3 portfolio.\nAbrams Capital Managementis one of the leading stakeholders of Teva Pharmaceutical Industries Limited (NYSE:TEVA) from the third quarter, owning over 24 million shares valued at $234.2 million.\nHedge funds increased their stakes in Teva Pharmaceutical Industries Limited (NYSE:TEVA) in the third quarter, with 22 funds holding stakes valued at $950.6 million in the company, as compared to the same number of funds being bullish on Teva Pharmaceutical Industries Limited (NYSE:TEVA) in the preceding quarter, with a total stake value of $947.1 million.\nRaymond James analyst Elliot Wilbur on October 27 downgraded Teva Pharmaceutical Industries Limited (NYSE:TEVA) to Market Perform from Outperform without a price target, stating that near-term fundamentals are coming up short, as compared to the performance expectations from the company.\n8. Globe Life Inc. (NYSE:GL)\nBerkshire Hathaway’s Stake Value: $565,672,000\nPercentage of Berkshire Hathaway’s 13F Portfolio: 0.19%\nNumber of Hedge Fund Holders: 27\nP/E Ratio: 12.45\nBillionaire Warren Buffett holds 6.35 million shares in Globe Life Inc. (NYSE:GL) as of September this year, worth $565.6 million, accounting for 0.19% of his total Q3 13F portfolio. Globe Life Inc. (NYSE:GL) is a Texas-based financial services holding company that specializes in life insurance, annuity, and supplemental health insurance products.\nCredit Suisse analyst Andrew Kligerman on October 19 lowered the price target on Globe Life Inc. (NYSE:GL) to $130 from $135 and kept an Outperform rating on the shares, stating that despite the COVID-19 pressures on the stock, Globe Life Inc. (NYSE:GL) is trading at an attractive valuation. Globe Life Inc. (NYSE:GL) is one of the top value stocks according to Warren Buffett’s Berkshire Hathaway.\nGlobe Life Inc. (NYSE:GL) announced Q3 earnings on October 20, posting an EPS of $1.78, missing estimates by $0.11. The quarterly revenue jumped 6.93% to $1.28 billion, outperforming estimates by $15.97 million.\nInsider Monkey tracks the movement of 867 elite hedge funds as of the third quarter, and a total of 27 funds of them reported owning stakes in Globe Life Inc. (NYSE:GL), worth $775.77 million. This is compared to 28 funds being bullish on Globe Life Inc. (NYSE:GL) in the prior quarter, with a total stake value of approximately $795 million.\nIn addition to Apple Inc. (NASDAQ:AAPL), American Express Company (NYSE:AXP), The Coca-Cola Company (NYSE:KO), and Amazon.com, Inc. (NASDAQ:AMZN), elite hedge funds are piling into Globe Life Inc. (NYSE:GL).\n7. General Motors Company (NYSE:GM)\nBerkshire Hathaway’s Stake Value: $3,162,600,000\nPercentage of Berkshire Hathaway’s 13F Portfolio: 1.07%\nNumber of Hedge Fund Holders: 77\nP/E Ratio: 8.45\nGeneral Motors Company (NYSE:GM) stock represents 1.07% of Berkshire Hathaway’s Q3 portfolio, with the hedge fund holding a $3.16 billion position in the company. General Motors Company (NYSE:GM) is an American multinational automaker, with four core automobile brands including Chevrolet, Buick, GMC, and Cadillac. General Motors Company (NYSE:GM), a notable value stock from Buffett’s Q3 portfolio, is also actively working on electric vehicles, gearing up to compete with the EV market leader, Tesla, Inc. (NASDAQ:TSLA).\nGeneral Motors Company (NYSE:GM), on October 27, announced its third quarter results, posting earnings per share of $1.52, beating estimates by $0.55. The revenue fell by 24.52% year-over-year, amounting to $26.78 billion, missing estimates by $1.10 billion.\nOn November 15, Wedbush analyst Daniel Ives kept an Outperform rating and a price target of $85 on General Motors Company (NYSE:GM)’s shares. The analyst stated that the vertical integration capabilities of General Motors Company (NYSE:GM) and conversion of its massive customer base to electric vehicles over the coming years represents a transformational opportunity for the company looking ahead.\nHarris Associates is one of the leading General Motors Company (NYSE:GM) stakeholders from Q3, holding a $1.82 billion stake in the company, out of a total of 77 funds that were bullish on the stock in the third quarter.\nHere is what Miller Value Partners has to say about General Motors Company (NYSE:GM) in its Q3 2021 investor letter:\n\n “Another name we’ve recently purchased and have grown incredibly excited about: General Motors (GM). GM is interesting on many levels. We see it as an attractive investment opportunity and it might be a microcosm of current markets, both past and prospective.\n\n\n Tesla trounced GM over the last decade. Tesla rose 15,797% crushing GM’s 238% increase, which lagged the S&P 500’s 365%. Tesla came out of nowhere creating what many said was the best car ever made. A decade ago, no one saw that coming, including GM. GM’s historical strength led to arrogance. It completely dismissed the threat of any newcomer.\n\n\n Where are we now? Expectations are entirely different. Tesla’s current price embeds 18 years of growth while GM embeds under one year (see a pattern in what we like?!). Tesla’s expectations look even loftier when you consider that in that 18th year, Tesla would be projected to earn $1.35 trillion revenues at very high, Ferrari-type margins. The largest automakers today generate roughly $250 billion revenues at less than half those margins.\n\n\n Tesla’s priced to go where no man (or woman!) has gone before. It’s impossible for Tesla to meet these expectations with auto manufacturing alone. It requires something more. Bulls believe Tesla can dominate an autonomous driving future and make significant money on software subscriptions. We don’t have a view on this other than that Tesla needs to do so to be attractive at the current price.\n\n\n Market expectations for GM, on the other hand, are muted. There appears to be no innovation or growth priced into the stock. Yet GM plans to launch 30 EV (electric vehicles) models globally by 2025 (Tesla has launched a total of 4). GM’s new electric vehicles, like the Hummer and Cadillac Lyric, are extremely impressive. It’s revamping its manufacturing production to be modular, allowing greater speed and adaptability. The entire culture has transformed from a stodgy, bureaucratic old manufacturer to a speedier, more innovative software-enabled automaker. GM currently employs 25,000 software engineers.\n\n\n GM believes it can double revenues by 2030, and improve margins through software and services. GM currently earns $2 billion of high margin software and services revenue, which is more than Tesla. Cruise, GM’s majority owned autonomous company, recently detailed why it sees the potential for $50B in revenues within 6-8 years of its 2023 launch of the Origin vehicle. BrightDrop, its autonomous commercial vehicle unit, looks promising as well with the potential for $10 billion in revenues. We don’t think this optionality is reflected in the current price. Investors started to see the potential after GM’s recent analyst day. We can easily get values for GM more than double its current price of $58.\n\n\n The contrast between GM and Tesla illustrates what we see more broadly in the market, which is why we see more opportunity in classic value names than in the secular growth names. After a decade of dominance, expectations for innovative and disruptive companies are quite high. Many classic value companies were caught flat-footed, but have invested heavily to catch up. Muted expectations don’t reflect their improved prospects.”\n\n6. The Bank of New York Mellon Corporation (NYSE:BK)\nBerkshire Hathaway’s Stake Value: $3,751,012,000\nPercentage of Berkshire Hathaway’s 13F Portfolio: 1.27%\nNumber of Hedge Fund Holders: 46\nP/E Ratio: 14.48\nWarren Buffett owned 72.35 million shares in The Bank of New York Mellon Corporation (NYSE:BK), worth $3.75 billion by the end of the third quarter, accounting for 1.27% of the total investment portfolio at Berkshire Hathaway. The Bank of New York Mellon Corporation (NYSE:BK) is a financial services holding company, offering a range of services including corporate banking, investment banking, global wealth management, financial analysis, and private equity.\nThe Bank of New York Mellon Corporation (NYSE:BK) announced on October 19 its Q3 earnings. EPS in the period totaled $1.04, exceeding estimates by $0.04. The $4.04 billion revenue jumped 4.89% year-over-year, outperforming estimates by $88.43 million.\nMorgan Stanley analyst Betsy Graseck on December 6 downgraded The Bank of New York Mellon Corporation (NYSE:BK) to Underweight from Equal Weight with a $59 price target, citing the stock’s valuation, low loan exposure, and negative operating leverage as reasons for the downgrade.\nFirst Eagle Investment Management is one of the largest stakeholders of The Bank of New York Mellon Corporation (NYSE:BK) in Q3, with 16.1 million shares worth over $837 million. Overall, 46 hedge funds monitored by Insider Monkey were bullish on The Bank of New York Mellon Corporation (NYSE:BK) in the third quarter, down from 52 funds in the preceding quarter.\nThe Bank of New York Mellon Corporation (NYSE:BK) is a notable stock from Warren Buffett’s Q3 portfolio, just like Apple Inc. (NASDAQ:AAPL), American Express Company (NYSE:AXP), The Coca-Cola Company (NYSE:KO), and Amazon.com, Inc. (NASDAQ:AMZN).\n5. DaVita Inc. (NYSE:DVA)\nBerkshire Hathaway’s Stake Value: $4,196,471,000\nPercentage of Berkshire Hathaway’s 13F Portfolio: 1.43%\nNumber of Hedge Fund Holders: 39\nP/E Ratio: 12.37\nDaVita Inc. (NYSE:DVA) made it to our list of the best value stocks in Warren Buffett’s portfolio, with the company announcing solid Q3 earnings on October 28, posting an EPS of $2.36, beating estimates by $0.10. Revenue over the period also outperformed estimates by $23.55 million.\nDeutsche Bank analyst Pito Chickering on November 17 lowered the price target on DaVita Inc. (NYSE:DVA) to $150 from $164 and kept a Buy rating on the shares after the capital markets day, stating that the company offers a longer term investment horizon than many investors can be comfortable with.\nDaVita Inc. (NYSE:DVA) is a healthcare company primarily focusing on kidney diseases and dialysis support, operating in nine countries in addition to the United States. Warren Buffett holds a $4.19 billion position in DaVita Inc. (NYSE:DVA) as of September this year, with DaVita Inc. (NYSE:DVA) stock accounting for 1.43% of the billionaire’s total investments.\nAt the end of the third quarter, 39 hedge funds tracked by Insider Monkey reported owning stakes worth $4.81 billion in DaVita Inc. (NYSE:DVA). This is compared to the same number of funds holding the DaVita Inc. (NYSE:DVA) stock in the preceding quarter, with a total stake value of approximately $5.13 billion.\nGates Capital Managementincreased its stake in DaVita Inc. (NYSE:DVA) by 5% in the third quarter, and is one of the leading stakeholders of the company, with a $174.1 million position.\n4. U.S. Bancorp (NYSE:USB)\nBerkshire Hathaway’s Stake Value: $7,514,279,000\nPercentage of Berkshire Hathaway’s 13F Portfolio: 2.52%\nNumber of Hedge Fund Holders: 42\nP/E Ratio: 11.60\nU.S. Bancorp (NYSE:USB) is a Minnesota-based bank holding company that operates via its wholly owned subsidiary, U.S. Bank National Association, and offers banking, investment, mortgage, trust, and payment services to customers. As one of the best value stocks in Warren Buffett’s Q3 portfolio, U.S. Bancorp (NYSE:USB) represents 2.52% of the billionaire’s total investments. Berkshire Hathaway owns over 126 million U.S. Bancorp (NYSE:USB) shares, worth $7.51 billion.\nOn December 9, UBS analyst Erika Najarian initiated coverage of U.S. Bancorp (NYSE:USB) with a Buy rating and a $70 price target, after the 300 basis points of ROTCE outperformance by the company.\nU.S. Bancorp (NYSE:USB), on October 14, reported its Q3 results, posting an EPS of $1.30, beating estimates by $0.14. The $5.86 billion revenue also exceeded estimates by $105.32 million.\nIn Q3 2021, 42 hedge funds in the database of Insider Monkey were long U.S. Bancorp (NYSE:USB), up from 41 funds in the preceding quarter.Yacktman Asset Managementis one of the leading stakeholders of U.S. Bancorp (NYSE:USB), holding a $279.3 million stake in the bank holding company.\nHereis what Mairs & Power has to say about U.S. Bancorp (NYSE:USB) in their Q4 2020 investor letter:\n\n “On the negative side, one of the Fund’s biggest detractor in 2020 was U.S. Bancorp (USB). Like all banks, U.S. Bank was hurt by the difficult interest rate environment and credit cycle concerns. We believe banks are strong enough to survive the current sector doldrums, and they remain some of the market’s most attractive opportunities.”\n\n3. Verizon Communications Inc. (NYSE:VZ)\nBerkshire Hathaway’s Stake Value: $8,578,115,000\nPercentage of Berkshire Hathaway’s 13F Portfolio: 2.92%\nNumber of Hedge Fund Holders: 57\nP/E Ratio: 9.43\nWith a price to earnings ratio of 9.43, Verizon Communications Inc. (NYSE:VZ) is one of Warren Buffett’s top value stock picks from the third quarter, with the billionaire holding an $8.57 billion position in the company. Verizon Communications Inc. (NYSE:VZ), an American multinational telecommunications conglomerate, announced a quarterly dividend of $0.64 per share on December 2, payable on February 1 to shareholders of record on January 10. Verizon Communications Inc. (NYSE:VZ) offers a forward dividend yield of 5.10%.\nOn October 20, Verizon Communications Inc. (NYSE:VZ) announced Q3 results, posting an EPS of $1.41, beating estimates by $0.05. The quarterly revenue amounted to $32.92 billion, missing estimates by $301.93 million. Following the Q3 performance, Cowen analyst Colby Synesael raised the price target on Verizon Communications Inc. (NYSE:VZ) to $71 from $68 and kept an Outperform rating on the shares.\nVerizon Communications Inc. (NYSE:VZ) was awarded two contracts worth $34.6 million by the U.S. Department of Energy. The task orders were awarded through the federal government’s Enterprise Infrastructure Solutions contract vehicle on December 1.\nBy the end of the third quarter, 57 hedge funds were bullish on Verizon Communications Inc. (NYSE:VZ), down from 63 funds in the preceding quarter. Jaime Sterne’s Skye Global Management is one of the leading Verizon Communications Inc. (NYSE:VZ) stakeholders from Q3, holding a $282.3 million position in the company.\nHereis what Miller/Howard Investments has to say about Verizon Communications Inc. (NYSE:VZ) in its Q1 2021 investor letter:\n\n “We sold Verizon (VZ) based on concerns over how much they might spend in ongoing spectrum auctions. Management may legitimately view spending billions of dollars to expand their spectrum holdings as necessary, but we believe the payoff will be slow and will make it challenging to grow the dividend at a good pace.”\n\n2. American Express Company (NYSE:AXP)\nBerkshire Hathaway’s Stake Value: $25,399,340,000\nPercentage of Berkshire Hathaway’s 13F Portfolio: 8.65%\nNumber of Hedge Fund Holders: 57\nP/E Ratio: 17.45\nAmerican Express Company (NYSE:AXP), a multinational payment card services company, posted on October 22 its Q3 results. EPS for the period came in at $2.27, exceeding estimates by $0.52. The revenue amounted to $10.93 billion, up 24.88% year-over-year, outperforming estimates by $382.39 million.\n8.65% of Berkshire Hathaway’s Q3 investments are represented by American Express Company (NYSE:AXP) stock, with Warren Buffett holding 151.6 million shares of the company, worth $25.39 billion at the end of September this year. American Express Company (NYSE:AXP) is one of the best value stocks in Warren Buffett’s portfolio.\nThe smart money took a greater interest in American Express Company (NYSE:AXP) in the third quarter, with 57 hedge funds being bullish on the stock at September end, up from 52 funds holding stakes in American Express Company (NYSE:AXP) in the preceding quarter.Fisher Asset Management is a notable stakeholder of American Express Company (NYSE:AXP) in Q3, with 15.6 million shares valued at $2.61 billion.\nAfter the Q3 earnings beat, BMO Capital analyst James Fotheringham on October 25 raised the price target on American Express Company (NYSE:AXP) to $151 from $147 but kept a Market Perform rating on the shares. In addition to the strong Q3 earnings, the analyst revised his model for American Express Company (NYSE:AXP) to forecast higher net interest income, lower loan loss provisions, and lower share counts.\nHereis what ClearBridge Investments has to say about American Express Company (NYSE:AXP) in its Q2 2021 investor letter:\n\n “In financials, American Express has done an excellent job demonstrating the resiliency of its franchise in the midst of a global pandemic that drove a 60% decline in its core travel and entertainment business. The company’s spend-centric model has been helped by fiscal stimulus ensuring a flush consumer, while management continues to execute well by adding millions of new consumer and small and medium business accounts, which should benefit the franchise over the medium to long term. We remain optimistic regarding the company’s prospects as travel and entertainment activity rebounds, adding to our position in the quarter.”\n\n1. Bank of America Corporation (NYSE:BAC)\nBerkshire Hathaway’s Stake Value: $42,878,771,000\nPercentage of Berkshire Hathaway’s 13F Portfolio: 14.61%\nNumber of Hedge Fund Holders: 72\nP/E Ratio: 13.32\nRanking first on our list of the best value stocks in Warren Buffett’s portfolio is Bank of America Corporation (NYSE:BAC), with the billionaire holding more than 1 billion shares worth $42.8 billion by the end of September. Bank of America Corporation (NYSE:BAC) stock represents 14.61% of Warren Buffett’s total Q3 securities.\nUBS analyst Erika Najarian assumed coverage of Bank of America Corporation (NYSE:BAC) with a Buy rating and a $64 price target on December 9. The analyst named Bank of America Corporation (NYSE:BAC) her top pick among the U.S. large cap banks.\nBank of America Corporation (NYSE:BAC), on October 14, announced earnings for the third quarter, posting an EPS of $0.85, beating estimates by $0.15. The revenue was up 11.33% year-over-year, amounting to $22.77 billion, exceeding estimates by $1.16 billion.\nIn the third quarter, 72 hedge funds were bullish on Bank of America Corporation (NYSE:BAC), holding total stakes valued at $46.48 billion. One of the leading Bank of America Corporation (NYSE:BAC) stakeholders from Q3 isHarris Associates, with a $2.52 billion position in the company.\nHere is what Oakmark Funds has to say about Bank of America Corporation (NYSE:BAC) in its Q3 2021 investor letter:\n\n “Earlier this year, one of our holdings, Bank of America, announced that it was raising its minimum hourly wage from $15 to $20 and would increase it to $25 by 2025. The company received great press for placing the well-being of its employees above profits. But was it really either/or? Bank of America’s chief human resources officer spoke to the bigger picture: “A core tenet of responsible growth is our commitment to being a great place to work…that includes providing strong pay and competitive benefits to help them and their families, so that we continue to attract and retain the best talent.” Bank of America understood that engaged, high-caliber employees are more productive, less prone to turnover and, therefore, less expensive in the long run. Increasing the pay for employees wasn’t elevating employees above shareholders; it was the right thing to do for employees\n andfor shareholders.\n\n\n If an increase to $20 was good, why stop there? Why not $50 per hour? Because the benefits the business receives at $50 don’t justify the expense. The bank would no longer be able to price its products competitively and would lose business. The employees would “win” in the short term, but eventually the lost business would lead to job cuts, meaning both employees and shareholders would lose. The negative effects of stakeholder overreach are no different than when CEOs overreach to inflate short-term profits. Both hurt shareholders\n andstakeholders.”","news_type":1,"symbols_score_info":{"BK":0.9,"BAC":0.9,"GL":0.9,"AXP":0.9,"DVA":0.9,"WFC":0.9,"VZ":0.9,"USB":0.9,"GM":0.9,"TEVA":0.9}},"isVote":1,"tweetType":1,"viewCount":2821,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":690344243,"gmtCreate":1639643243424,"gmtModify":1639643243600,"author":{"id":"3583033675115574","authorId":"3583033675115574","name":"hellodarz888","avatar":"https://static.tigerbbs.com/4e5f7fa39ea3c821aa8099f517287dcb","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583033675115574","idStr":"3583033675115574"},"themes":[],"title":"","htmlText":"Yea lets see! Micron!!!!","listText":"Yea lets see! Micron!!!!","text":"Yea lets see! Micron!!!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/690344243","repostId":"1162833574","repostType":4,"repost":{"id":"1162833574","kind":"news","pubTimestamp":1639638037,"share":"https://www.laohunote.com/m/news/1162833574?lang=zh_CN&edition=full","pubTime":"2021-12-16 15:00","market":"us","language":"en","title":"The Next Top Electric Vehicle Stock: Look Out Tesla And Apple<blockquote>下一个顶级电动汽车股票：留意特斯拉和苹果</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1162833574","media":"Seeking Alpha","summary":"Summary\n\nSemiconductor stocks stand to gain from the global chip shortages. ON Semi, Qualcomm and Mi","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Semiconductor stocks stand to gain from the global chip shortages. ON Semi, Qualcomm and Microchip Technology are EV semiconductor stocks to watch.</li>  <li>The auto sector took a beating during the pandemic but is rebounding. Some EV stocks look attractive given the political environment, rising gas prices, and expansion of charging stations.</li>  <li>In 2022, US auto sales are expected to increase to $16M from $15M. Top automaker Ford wants all-in on electric and is addressing the chip shortage their way.</li>  <li>Compared to its EV rivals Tesla and Apple, Ford offers solid fundamentals, a reasonable valuation framework, excellent Quant Factor grades, upward earnings revisions, and incredible stock momentum.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5fe8b143e1df1016169fd2775f2f9d27\" tg-width=\"1536\" tg-height=\"1024\" width=\"100%\" height=\"auto\"><span>Bill Pugliano/Getty Images News</span></p><p><blockquote><ul><li>半导体股将从全球芯片短缺中受益。在 Semi 方面，高通和 Microchip Technology 是值得关注的电动汽车半导体股票。</li><li>汽车行业在疫情期间遭受打击，但正在反弹。考虑到政治环境、油价上涨和充电站扩张，一些电动汽车股票看起来很有吸引力。</li><li>2022年，美国汽车销量预计将从1500万美元增至1600万美元。顶级汽车制造商福特希望全力发展电动汽车，并正在以自己的方式解决芯片短缺问题。</li><li>与其电动汽车竞争对手特斯拉和苹果相比，福特提供了坚实的基本面、合理的估值框架、出色的量化因子评级、向上的盈利修正和令人难以置信的股票势头。</li></ul><p class=\"t-img-caption\"><span>比尔·普利亚诺/盖蒂图片社新闻</span></p></blockquote></p><p> Automobiles and Semiconductor Chip Shortage</p><p><blockquote>汽车和半导体芯片短缺</blockquote></p><p> Over the last several years, the rapid growth of Electric Vehicles (EV) has been nothing short of astonishing. As Brendan Ahern said in his article,The Unstoppable EV Ecosystem And How To Invest, \"The past two years have seen tremendous excitement in the global electric vehicles (EVs) industry as new companies listed shares, Tesla (TSLA) was added to the S&amp;P 500, global governments stepped up electrification commitments, and electric vehicle sales soared, especially in China and the EU.\" This overview sums up the progress of EVs in the auto sector.</p><p><blockquote>在过去的几年里，电动汽车（EV）的快速增长令人震惊。正如 Brendan Ahern 在他的文章《不可阻挡的电动汽车生态系统和如何投资》中所说，“过去两年，随着新公司上市、特斯拉 (TSLA) 被纳入标普500，全球政府加大了电气化承诺，电动汽车销量飙升，尤其是在中国和欧盟。”本概述总结了电动汽车在汽车行业的进展。</blockquote></p><p> Our Top Automotive pick, Ford (F), is up 132% YTD and is in an enviable position on fundamentals at this time compared to Tesla, up 37% YTD. And despite Apple's (AAPL)&nbsp;accelerating plans for an autonomous vehicle, which they have deemed their mother of all Ai projects, so far, they are all talk with no viable EV product offering. Apple’s entry into the autonomous vehicle space is a topic of speculation. Notably, there is more than one way to invest in the EV revolution. It comes down to \"what’s inside?\"</p><p><blockquote>我们的首选汽车公司福特 (F) 年初至今上涨了 132%，与年初至今上涨 37% 的特斯拉相比，目前的基本面处于令人羡慕的地位。尽管苹果 (AAPL) 正在加速自动驾驶汽车的计划，他们将其视为所有人工智能项目之母，但到目前为止，他们都在谈论没有可行的电动汽车产品。苹果进军自动驾驶汽车领域一直是人们猜测的话题。值得注意的是，投资电动汽车革命的方式不止一种。归根结底是 “里面有什么？”</blockquote></p><p> Cars are like the new mainframe computers. A new car can have more than two thousand chips, blowing away a smartphone with perhaps four chips. Semiconductors play a significant role in today's automotive sector, especially EVs, which is why we find their stocks attractive. ON Semi (ON), Qualcomm (QCOM), and Microchip Technology (MCHP) are some of the best suppliers for the automotive sector. Supply chain constraints and Asian factory shutdowns have drastically impacted automotive sales. Despite the supply shortage, there's been high demand, and we've seen the cost of semiconductor shortages balloon above 90%, according to a&nbsp;Bloomberg News Article.</p><p><blockquote>汽车就像新的大型计算机。一辆新车可以有两千多个芯片，击败了一部可能只有四个芯片的智能手机。半导体在当今的汽车行业，尤其是电动汽车中发挥着重要作用，这就是为什么我们发现它们的股票很有吸引力。安森美 (ON)、高通 (QCOM) 和微芯片技术 (MCHP) 是汽车行业的一些最佳供应商。供应链限制和亚洲工厂关闭严重影响了汽车销售。根据彭博新闻社的一篇文章，尽管供应短缺，但需求一直很高，我们已经看到半导体短缺的成本飙升至 90% 以上。</blockquote></p><p> With a record 21 weeks to fill chip orders,Dan Hearsch, Managing Director of AlixPartners Automotive and Industrial Practice said, \"It certainly feels like the most protracted supply shortage the industry has seen because it's not over.\" Despite the lack of semiconductors, automotive prices continue to climb, reaching records in the U.S. over $42,000 per vehicle, making chip manufacturers like ON Semi, Qualcomm, and Microchip Technology Incorporated Very Bullish buys, especially given their demand in EVs.</p><p><blockquote>AlixPartners 汽车和工业实践董事总经理 Dan Hearsch 表示，芯片订单需要创纪录的 21 周才能完成，“这确实感觉像是该行业有史以来持续时间最长的供应短缺，因为它还没有结束。”尽管缺乏半导体，汽车价格仍在继续攀升，在美国达到每辆车超过 42,000 美元的记录，这使得 ON Semi、高通和 Microchip Technology 等芯片制造商非常乐观地购买，特别是考虑到他们对电动汽车的需求。</blockquote></p><p> <b>ON Semiconductor Corporation</b></p><p><blockquote><b>安森美半导体</b></blockquote></p><p> ON Semiconductor is a stock I recently wrote about in an article called&nbsp;Top 5 Tech Stocks For 2022. A Fortune 1000 Company, ON Semi is a semiconductor and leading power management provider that uses signal and custom device technologies for communications, automotive, computing, and other uses. EV advancements allow for increased use of semiconductors in-vehicle platforms' electronics content, improving occupant safety through imaging and sensor function technology; sensor functions by way of algorithms enable vehicles to take immediate action to avoid accidents. This electrification is also used in the powertrain and vehicle auxiliary systems, with semiconductor technology at the forefront.</p><p><blockquote>ON Semiconductor 是我最近在一篇名为《2022 年 5 大科技股》的文章中提到的一只股票。安森美是一家财富1000强公司，是一家半导体和领先的电源管理提供商，将信号和定制设备技术用于通信、汽车、计算和其他用途。电动汽车的进步允许更多地使用半导体车载平台的电子内容，通过成像和传感器功能技术提高乘员安全；通过算法的传感器功能使车辆能够立即采取行动以避免事故。这种电气化也用于动力总成和车辆辅助系统，其中半导体技术处于最前沿。</blockquote></p><p> The Seeking Alpha News Team recently reported&nbsp;ON Semi as a top pick at Citigroup. Citigroup analyst Christopher Danely said, \"With January's earnings season on the horizon, now is a prime time for investors to buy semiconductor stocks as chip-sector shortages don't appear to be getting better any time soon...Danelynotes that business conditions for the semiconductor industry have not been this strong since 1999 and 2000 and that \"many\" companies are booked solid with orders through 2022.\"</p><p><blockquote>Seeking Alpha 新闻团队最近报道称，Semi 是花旗集团的首选。花旗集团分析师克里斯托弗·丹尼利 (Christopher Danely) 表示：“随着 1 月份财报季的临近，现在是投资者购买半导体股票的黄金时间，因为芯片行业的短缺似乎不会很快好转……丹尼利指出，自 1999 年和 2000 年以来，半导体行业的商业状况从未如此强劲，“许多”公司在 2022 年之前都有稳定的订单。”</blockquote></p><p> ON carries a C+ Valuation Grade, remaining attractive relative to its sector by more than 7.29%, at a Forward P/E of 22.43x. Additionally, ON's growth, profitability, and momentum metrics are attractive.</p><p><blockquote>ON 的估值评级为 C+，相对于同行业仍具有吸引力，高出 7.29% 以上，远期市盈率为 22.43 倍。此外，ON 的增长、盈利能力和势头指标也很有吸引力。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/041f800d3cc6cb924bd6d61c64faf92e\" tg-width=\"640\" tg-height=\"394\" width=\"100%\" height=\"auto\"><span>Source: Seeking Alpha Premium</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Seeking Alpha Premium</span></p></blockquote></p><p></p><p> Momentum is a strong A+ Grade for ON Semiconductor, as they continue to have stellar price returns, with a price-performance return over 10 years exceeding 700%. Diving into ON’s&nbsp;growth grades, the company has a strong year-over-year EBITDA Growth grade of A- at 134.70% above the sector, and EPS FWD Long Term grade of A+, 208% above the sector. As we continue to dive into semiconductors important to vehicle automation, there is another name in the chip industry helping increase the trend towards EVs.</p><p><blockquote>Momentum 是 ON Semiconductor 的强劲 A+ 评级，因为他们继续拥有出色的价格回报，10 年内的性价比回报率超过 700%。深入了解 ON 的增长等级，该公司的 EBITDA 同比增长等级为 A-，比行业高出 134.70%，EPS FWD 长期等级为 A+，比行业高出 208%。随着我们继续深入研究对车辆自动化至关重要的半导体，芯片行业还有另一个名字正在帮助推动电动汽车的趋势。</blockquote></p><p> <b>Qualcomm</b></p><p><blockquote><b>高通</b></blockquote></p><p> QCOM gets a significant portion of its revenue from products aimed at the automotive sector. QCOM is already the world's biggest supplier of mobile phone chips, a wireless technology innovator, and 5G driver. The company has announced it will continue to expand into next-generation self-driving vehicles. SA news&nbsp;just reported&nbsp;Qualcomm could rally 25% higher in the next six months, according to Cerity Partners' Jim Lebenthal. Qualcomm, who already works with firms like Microsoft (MSFT) and Meta Platforms (FB), wants to grab hold of the EV market share, which is significantly higher than the phone chip industry, according to Cristiano Amon, QCOM President and CEO. In a&nbsp;November Press Release, Amon said, \"Our announcement with BMW today is the onset of a new era in automotive where two technology leaders have come together to design and develop…the next-generation automobile…we see an incredible number of changes in the industry that are driving things and putting Qualcomm at the intersection of demand for virtually every industry.\"</p><p><blockquote>QCOM 的很大一部分收入来自针对汽车行业的产品。QCOM已经是全球最大的手机芯片供应商、无线技术创新者和5G驱动者。该公司宣布将继续扩展到下一代自动驾驶汽车。Cerity Partners 的 Jim Lebenthal 表示，SA news 刚刚报道称，高通在未来六个月内股价可能会上涨 25%。QCOM 总裁兼首席执行官 Cristiano Amon 表示，高通已经与微软 (MSFT) 和 Meta Platforms (FB) 等公司合作，希望抢占电动汽车市场份额，该市场份额明显高于手机芯片行业。阿蒙在 11 月的一份新闻稿中表示：“我们今天与宝马的声明标志着汽车行业新时代的开始，两位技术领导者携手设计和开发……下一代汽车……我们看到了令人难以置信的行业变化正在推动事物的发展，并将高通置于几乎每个行业需求的十字路口。”</blockquote></p><p> When looking at QCOM's Factor Grades below, it's clear why we believe they are on solid footing.</p><p><blockquote>当查看下面 QCOM 的因素等级时，我们很清楚为什么我们认为它们的基础是坚实的。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ee2ff7cc1f310c6f8fd1e875afacc02e\" tg-width=\"284\" tg-height=\"223\" width=\"100%\" height=\"auto\"><span>Source: Seeking Alpha Premium</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Seeking Alpha Premium</span></p></blockquote></p><p> QCOM comes at a reasonable valuation, trading nearly 30% below its sector with a forward P/E of 17.27+; Forward PEG is almost 63% below the sector. The stock has strong growth, excellent profitability metrics, and many analysts increasing their earnings estimates. As fellow&nbsp;Seeking Alpha author Valuentum writes, \"Qualcomm's growth trajectory is supported by its push into the automotive arena and the IoT trend, which are expected to grow its total addressable market opportunity over the next decade.\"</p><p><blockquote>QCOM 的估值合理，交易价格比同行业低近 30%，远期市盈率为 17.27+；远期挂钩比该行业低近 63%。该股增长强劲，盈利指标出色，许多分析师提高了盈利预期。正如 Seeking Alpha 作者 Valuentum 所写，“高通的增长轨迹得到了其进军汽车领域和物联网趋势的支持，预计这将在未来十年增加其总潜在市场机会。”</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/14b7d462d95760ddddea06904c48c60a\" tg-width=\"640\" tg-height=\"430\" width=\"100%\" height=\"auto\"><span>Source: Seeking Alpha Premium</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Seeking Alpha Premium</span></p></blockquote></p><p> In addition to its strong profitability, QCOM is one of the best dividend-paying technology stocks. QCOM has a Dividend Growth Grade of A+. Because the trend and rise in popularity of electric vehicles is not the only way to make money, we are emphasizing another top semiconductor leading the wave of rising EVs, Microchip Technology Incorporated (MCHP).</p><p><blockquote>除了强劲的盈利能力外，QCOM 还是派息最好的科技股之一。QCOM 的股息增长评级为 A+。由于电动汽车的趋势和普及并不是唯一的赚钱方式，因此我们强调另一家引领电动汽车崛起浪潮的顶级半导体公司，Microchip Technology Incorporated (MCHP)。</blockquote></p><p> <b>Microchip Technology Incorporated</b></p><p><blockquote><b>微芯片技术公司</b></blockquote></p><p> Another top EV chip-maker is MCHP, whose chips are used in wireless apps and devices for power management. MCHP’s chips specifically designed for electric vehicles is the artificial intelligence used to centralize computing and navigation and the powertrains and charging systems. Rated Very Bullish, out of 557 of our&nbsp;Top Tech Stocks, MCHP is ranked in the top 10% of this screener and continues to be on an upward trajectory, as evidenced by its B+ Momentum Grade.</p><p><blockquote>另一家顶级电动汽车芯片制造商是 MCHP，其芯片用于无线应用程序和电源管理设备。MCHP 专为电动汽车设计的芯片是用于集中计算和导航、动力系统和充电系统的人工智能。在我们的 557 只顶级科技股中，MCHP 被评为非常看涨，在本次筛选中排名前 10%，并继续处于上升趋势，其 B+ 动量评级就证明了这一点。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/38fa9b58f8f38267e8104688a79b1c77\" tg-width=\"640\" tg-height=\"204\" width=\"100%\" height=\"auto\"><span>Source: Seeking Alpha Premium</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Seeking Alpha Premium</span></p></blockquote></p><p> Following recent Q2 Earnings results,Jefferies Financial Group, among other analysts, has increased their MCHP price target of $98 to $109, which implies a 22.7% upside. With an EPS of $1.07 that beat by $0.01 and Revenue of $1.65B beating nearly 26% YoY, it’s no wonder there are 21 FY1 Up Revisions in the last 90 days, prompting an A- Revisions Grade.</p><p><blockquote>在最近公布第二季度盈利结果后，杰富瑞金融集团等分析师将 MCHP 目标价从 98 美元上调至 109 美元，这意味着 22.7% 的上涨空间。每股收益为 1.07 美元，比上年增长 0.01 美元，收入为 16.5 亿美元，同比增长近 26%，难怪在过去 90 天内有 21 次 FY1 上调，评级为 A-。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fc325cd371e06ec406b8e454cf7c4670\" tg-width=\"640\" tg-height=\"183\" width=\"100%\" height=\"auto\"><span>Source: Seeking Alpha Premium</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Seeking Alpha Premium</span></p></blockquote></p><p> As we look to the EV sector capitalizing on the use of semiconductors and investors wanting to know more about stocks in this space, let us discuss Ford (F), who recently partnered with GlobalFoundries (GFS), a multinational semiconductor manufacturing and design company to address the semiconductor shortage, thus positioning themselves as the next prominent EV manufacturer to rival Tesla and Apple in the space.</p><p><blockquote>当我们着眼于利用半导体使用的电动汽车行业以及希望了解更多有关该领域股票的投资者时，让我们讨论一下福特 (F)，福特最近与跨国半导体制造和设计公司 GlobalFoundries (GFS) 合作解决半导体短缺问题，从而将自己定位为该领域下一个与特斯拉和苹果竞争的著名电动汽车制造商。</blockquote></p><p> <i><b>YTD F, AAPL, TSLA PRICE RETURN COMPARISON</b></i></p><p><blockquote><i><b>年初至今 F、AAPL、TSLA 价格回报比较</b></i></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f2175c40e8df25d2f22ed2e219327137\" tg-width=\"640\" tg-height=\"230\" width=\"100%\" height=\"auto\"><span>Source: Seeking Alpha Premium</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Seeking Alpha Premium</span></p></blockquote></p><p> <b>Ford</b></p><p><blockquote><b>福特</b></blockquote></p><p></p><p> Ford has been a differentiator since the invention of the automobile. Ford’s partnering with semiconductor company GlobalFoundries clarifies that it wants to lead the industry and evolve by all means necessary, striking deals with companies to source materials and the parts required to avoid supply chain disruptions. \"Semiconductor is going to become the defining line for differentiation in the automotive experience. I believe you're seeing automotive companies want to become what I would call more silicon aware. And that's exactly what Ford is doing in their MOU they signed with G.F. They want to first make sure that they understand the supply-demand dynamics… to make sure they influence the technology road maps for foundries so that the features that we create align with their needs,\"Tom Caulfield GFS CEO, Q3 2021 Earnings Call. So how does Ford compare to its E.V. rivals, Tesla and Apple, in the electric car race?</p><p><blockquote>自从汽车发明以来，福特一直是一个与众不同的人。福特与半导体公司 GlobalFoundries 的合作表明，它希望引领行业，并通过一切必要手段实现发展，与公司达成协议，采购避免供应链中断所需的材料和零部件。“半导体将成为汽车体验差异化的定义线。我相信您会看到汽车公司希望成为我希望看涨期权更多硅公司意识到的目标。这正是福特在与 G.F. 签署的谅解备忘录中所做的。他们希望首先确保了解供需动态……以确保他们影响代工厂的技术路线图，以便我们创建的功能符合他们的需求，”GFS 首席执行官 Tom Caulfield，2021 年第三季度财报看涨期权。那么福特与其电动汽车相比如何呢？电动汽车竞赛中的竞争对手特斯拉和苹果？</blockquote></p><p> <b>Ford Valuation vs. Tesla and Apple</b></p><p><blockquote><b>福特估值与特斯拉和苹果</b></blockquote></p><p> Ford is undervalued with an overall valuation grade of C, forward P/E trading -25.82%, and the sector at 14.55X. The forward PEG ratio has an A+ grade, trading nearly 82% below the sector. When we compare Ford, Apple, and Tesla on Valuation, TSLA and AAPL receive an overall F Grade.</p><p><blockquote>福特被低估，整体估值等级为C，远期市盈率为-25.82%，行业市盈率为14.55倍。远期 PEG 比率评级为 A+，比该行业低近 82%。当我们比较福特、苹果和特斯拉的估值时，TSLA 和 AAPL 的总体评级为 F。</blockquote></p><p> Compared to Tesla and Apple with F Valuation Grades, both look unattractive on a PEG basis (P/E Ratio divided by EPS long-term growth). Tesla PEG of 3.52X is 263.70% above the sector, and Apple PEG of 2.81X, 70.78% above the sector.</p><p><blockquote>与估值等级为 F 的特斯拉和苹果相比，两者在 PEG（市盈率除以每股收益长期增长）基础上看起来都没有吸引力。特斯拉挂钩3.52倍，高出行业263.70%，苹果挂钩2.81倍，高出行业70.78%。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/54c31cedfc851a3fb1072546e0b5c879\" tg-width=\"640\" tg-height=\"440\" width=\"100%\" height=\"auto\"><span>Source: Seeking Alpha Premium</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Seeking Alpha Premium</span></p></blockquote></p><p> Seeking Alpha’s Valuation Grade provides a unique view of how much a company is worth relative to other stocks in the same sector. Thanks to dozens of underlying metrics, the grades provide an instant characterization of the strength or weakness of the metric compared to similar stocks. Ford looks attractive on a 0.17X PEG basis and is not overvalued compared to the sector, with a median PEG of 0.97X.</p><p><blockquote>Seeking Alpha 的估值等级为公司相对于同行业其他股票的价值提供了独特的视角。得益于数十个基本指标，与类似股票相比，这些等级可以即时描述该指标的强度或强度。福特在 0.17 倍的 PEG 基础上看起来很有吸引力，与该行业相比并没有被高估，PEG 中位数为 0.97 倍。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bbb961e840c6250e27933fd611faefc6\" tg-width=\"640\" tg-height=\"244\" width=\"100%\" height=\"auto\"><span>Source: Seeking Alpha Premium</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Seeking Alpha Premium</span></p></blockquote></p><p> While a C grade is not ideal, Ford still looks attractive. As a pioneer in its industry, it should fare well in the EV space. According to Aswath Damodaran,Professor of Finance at the Stern School of Business at N.Y. University, the Automotive and Truck sector is sitting pretty, with a current P/E of 164.37 based upon January 2021 data and expected growth of 18.8% over the next five years with a PEG ratio of 8.87.</p><p><blockquote>虽然 C 级并不理想，但福特看起来仍然很有吸引力。作为行业先驱，它应该在电动汽车领域表现出色。纽约大学斯特恩商学院金融学教授 Aswath Damodaran 表示，汽车和卡车行业表现良好，根据 2021 年 1 月的数据，目前市盈率为 164.37，预计未来五年将增长 18.8%，PEG 比率为 8.87。</blockquote></p><p> Apple's announcement of a fully autonomous vehicle has turned heads, especially given its wide range of technology and persistent delays to the project.Apple Car Project&nbsp;is being led by Ai and machine learning Chief John Giannandrea. \"We're focusing on autonomous systems. It's a core technology that we view as very important. We sort of see it as the mother of all AI projects. It's probably one of the most difficult AI projects actually to work on\" said,Apple CEO Tim Cook. Whereas Tesla and Ford have a leg up with emphasis in the automotive industry, as&nbsp;John Engel emphasizes in his Seeking Alpha article, \"Ultimately, I see little about the automotive sector – EV or otherwise – that would make it a natural fit for Apple. While I suspect the development of the Apple Car over the next few years will act as a positive catalyst for Apple's stock, it will end up being more of a liability than an asset.\" Let's compare each of their growth and profitability grades.</p><p><blockquote>苹果宣布推出全自动驾驶汽车引起了人们的注意，特别是考虑到其技术范围广泛且该项目持续延误。苹果汽车项目由人工智能和机器学习主管约翰·詹南德里亚 (John Giannandrea) 领导。“我们专注于自主系统。这是一项我们认为非常重要的核心技术。我们将其视为所有人工智能项目之母。这可能是实际上最难开展的人工智能项目之一，”苹果首席执行官蒂姆·库克说道。尽管特斯拉和福特在汽车行业占据优势，但正如 John Engel 在他的 Seeking Alpha 文章中强调的那样，“最终，我认为汽车行业——无论是电动汽车还是其他汽车——很少能让它自然而然地适合苹果。虽然我怀疑苹果汽车在未来几年的开发将成为苹果股票的积极催化剂，但它最终将更多的是一种负债而不是资产。”让我们比较一下它们的增长和盈利能力等级。</blockquote></p><p> <b>Ford Growth and Profitability vs. Tesla and Apple</b></p><p><blockquote><b>福特的增长和盈利能力与特斯拉和苹果</b></blockquote></p><p> With plans to build over 600,000 EV's annually by 2025 and Ford CEO Jim Farley pushing for 40% of its vehicles to be battery powered by 2030, its transition to electric cars is proving to be successful. Led by its fully-electric Mustang Mach-EFord, Ford set a new September record with EV sales surging 92% from the previous year to 9,150. Adding insult to injury, Doug Field,\"One of the top product leaders from Apple, Tesla and Segway,\"left Apple after aiding in the launch of its electric vehicle, poached by Ford as their new Chief Advanced Technology Officer. Online speculation indicates that this move may be the final nail in the Apple EV coffin. While it's all speculation, as we compare the three EV makers, it's clear why we believe Ford will prove the victor and the EV stock to watch.</p><p><blockquote>福特计划到 2025 年每年生产超过 60 万辆电动汽车，福特首席执行官吉姆·法利 (Jim Farley) 推动到 2030 年将 40% 的汽车采用电池驱动，事实证明，福特向电动汽车的转型是成功的。在全电动野马 Mach-EFord 的带领下，福特 9 月份电动汽车销量同比飙升 92%，达到 9,150 辆，创下新纪录。雪上加霜的是，“苹果、特斯拉和赛格威的顶级产品负责人之一”道格·菲尔德（Doug Field）在帮助推出苹果电动汽车后离开了苹果，并被福特挖走担任新任首席先进技术官。网上猜测，此举可能是苹果电动汽车棺材上的最后一颗钉子。虽然这都是猜测，但当我们比较这三家电动汽车制造商时，很明显为什么我们相信福特将成为赢家，也是值得关注的电动汽车股票。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/eec2355246ce651d0fb1df4614fcf9e5\" tg-width=\"640\" tg-height=\"255\" width=\"100%\" height=\"auto\"><span>Source: Seeking Alpha Premium</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Seeking Alpha Premium</span></p></blockquote></p><p></p><p> Ford has delivered a stock price increase of more than 62% over the last five years and an increase of more than 132% YTD, bringing both A- Growth and A+ Profitability Factor Grades. With a Very Bullish rating and continually evolving in the changing landscape of electric vehicles, Ford is set to continue delivering results in the vehicle sector. Ford is built tough and has been resilient despite chip shortages and the effects brought on by the pandemic. Ford continues to introduce new vehicles and will launch an all-electric&nbsp;F-150 Lightning&nbsp;in 2022 that possesses a maximum towing capacity of 10,000 pounds and a range of up to 300 miles. According to the CEO, there's a massive demand for this truck with 200,000 reservations.</p><p><blockquote>福特的股价在过去五年中上涨了 62% 以上，年初至今上涨了 132% 以上，带来了 A- 增长和 A+ 盈利因子等级。凭借非常乐观的评级，并在不断变化的电动汽车格局中不断发展，福特将继续在汽车行业取得成果。尽管面临芯片短缺和疫情带来的影响，福特仍然很坚韧，并且具有弹性。福特继续推出新车，并将于2022年推出全电动F-150 Lightning，最大牵引能力为10,000磅，续航里程可达300英里。据首席执行官称，这款卡车的需求量很大，有 20 万份预订。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/45b7946a5aed4f7f01a00c1ef0635628\" tg-width=\"640\" tg-height=\"254\" width=\"100%\" height=\"auto\"><span>Image Source: 2022 Ford® F-150 Lightning Electric Truck |All Electric and All F-150</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：2022款福特®F-150 Lightning 电动卡车 | 全电动和全 F-150</span></p></blockquote></p><p> The American-made F-150 Lightning and its next-generation full-size electric pickup are developing in high volumes at its new facility in Blue Oval City, Tennessee. The numbers don't lie, and despite a semiconductor shortage, there's no shortage of buyers seeking Ford vehicles. The momentum is sure to continue, especially as Ford manages its partnership with GlobalFoundries and continues to make strides to outpace Tesla and Apple.</p><p><blockquote>美国制造的 F-150 Lightning 及其下一代全尺寸电动皮卡正在田纳西州蓝椭圆城的新工厂大量开发。数字不会说谎，尽管半导体短缺，但寻求福特汽车的买家并不缺乏。这一势头肯定会继续下去，特别是随着福特管理与 GlobalFoundries 的合作伙伴关系，并继续大步超越特斯拉和苹果。</blockquote></p><p> While we continue to see vehicles generated by Ford, we have yet to see the release of an actual Apple EV. Tesla, on the other hand, the pioneer of the electric vehicle, continues to showcase why their cutting-edge battery technology is rated the best car in its class. It's no secret that Tesla continues to build cars for more and more people, making products accessible and affordable while also bridging the gap towards clean transport and renewable energy.</p><p><blockquote>虽然我们继续看到福特公司生产的汽车，但我们还没有看到真正的苹果电动汽车的发布。另一方面，电动汽车的先驱特斯拉继续展示为什么他们的尖端电池技术被评为同类产品中最好的汽车。众所周知，特斯拉继续为越来越多的人制造汽车，使产品变得容易获得和负担得起，同时也弥合了清洁交通和可再生能源的差距。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/85b3fbd9b4798b8e89ef154b6eb78098\" tg-width=\"640\" tg-height=\"339\" width=\"100%\" height=\"auto\"><span>Image Source: Model S</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：Model S</span></p></blockquote></p><p> We feel Ford's biggest contender in the EV space is Tesla, and&nbsp;Ford also contends that it will be the No. 2 EV producer in two years. Following a Ford EPS of $0.51 beats by $0.24 and 19 FY1 Up Revisions in the last 90 days, it's no wonder Ford is neck-to-neck with its competitors on Profitability with A+ ratings. Ford's continued strength indicates why&nbsp;Jim Farley, Ford CEO during the Q3 Earnings Call, said, \"We're moving aggressively to lead the electric vehicle revolution, substantially expanding our battery production as we speak today in the U.S. In fact, we already announced plans that will give us enough battery production to meet our mid-decade goal of 141 gigawatts, which is enough to build more than 1 million battery electric vehicles a year, and I think we'll need more.\"</p><p><blockquote>我们认为福特在电动汽车领域最大的竞争者是特斯拉，福特还声称它将在两年内成为第二大电动汽车生产商。在过去 90 天内，福特每股收益为 0.51 美元，超过预期每股收益为 0.24 美元，财年上调 19 次，难怪福特在盈利能力方面与竞争对手不相上下，并获得 A+ 评级。福特的持续强劲表明了为什么福特首席执行官吉姆·法利 (Jim Farley) 在第三季度财报看涨期权上表示：“我们正在积极引领电动汽车革命，在我们今天在美国发表讲话时大幅扩大我们的电池生产。事实上，我们已经宣布了计划将为我们提供足够的电池产量，以实现我们 141 吉瓦的十年中期目标，这足以每年生产超过 100 万辆电池电动汽车，我认为我们需要更多。”</blockquote></p><p> <i><b>FORD EARNINGS AND REVISIONS</b></i></p><p><blockquote><i><b>福特收益和修正</b></i></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d1077c0c6a7d52a3c5c3a553c5c5ac32\" tg-width=\"640\" tg-height=\"369\" width=\"100%\" height=\"auto\"><span>Source: Seeking Alpha Premium</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Seeking Alpha Premium</span></p></blockquote></p><p> <b>Ford, Tesla, and Apple Momentum</b></p><p><blockquote><b>福特、特斯拉和苹果势头</b></blockquote></p><p> Each of the stocks, Ford, Tesla, and Apple continue to put their money where they believe there is an upside. Momentum is a successful trading strategy in which investors buy rising stocks and sell as they're retreating, and it is a vital factor for predicting stock price performance for those wanting to hold long term.</p><p><blockquote>福特、特斯拉和苹果等每只股票都继续将资金投入到他们认为有上涨空间的地方。动量是一种成功的交易策略，投资者买入上涨的股票，并在下跌时卖出，对于那些想要长期持有的人来说，它是预测股价表现的重要因素。</blockquote></p><p> Investor confidence remains high in the EV space, with each stock exhibiting A or better Momentum Grades. Year-to-date, Ford has remained up 57.27% over the previous three months while the sector is down nearly 5%. Tesla is up 30% and Apple more than 17%.</p><p><blockquote>投资者对电动汽车领域的信心仍然很高，每只股票都表现出 A 或更好的势头等级。今年迄今为止，福特在前三个月仍上涨了 57.27%，而该行业则下跌了近 5%。特斯拉上涨了30%，苹果上涨了17%以上。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/34c9ba651be822d98ff1d10c0ee70b3a\" tg-width=\"640\" tg-height=\"206\" width=\"100%\" height=\"auto\"><span>Source: Seeking Alpha Premium</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Seeking Alpha Premium</span></p></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5548abc16267f2b83467c1e652937cdd\" tg-width=\"640\" tg-height=\"202\" width=\"100%\" height=\"auto\"><span>Source: Seeking Alpha Premium</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Seeking Alpha Premium</span></p></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f87dd913db38101b4d1f4b255ee4d28c\" tg-width=\"640\" tg-height=\"207\" width=\"100%\" height=\"auto\"><span>Source: Seeking Alpha Premium</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Seeking Alpha Premium</span></p></blockquote></p><p> <b>Conclusion: Ford</b><b><i>Is</i></b><b>Built Tough and an EV Stock To Watch</b></p><p><blockquote><b>结论：福特</b><b><i>是</i></b><b>强劲且值得关注的电动汽车股票</b></blockquote></p><p></p><p> Electric Vehicle stocks can make a great return on investment, especially if you can identify those with fair valuations, excellent fundamentals and capitalize on their growth and momentum. In addition, sectors linked to EVs like semiconductors can also be great stock picks. In the current environment, where each of these stock picks offers a good balance of growth and value, it's a great play to diversify your portfolio and ride the EV and semiconductor wave. With the better valuation and continued advancements and momentum, we believe that Ford is the most opportune of the EV stock picks, but it's up to you to decide for yourself.</p><p><blockquote>电动汽车股票可以获得巨大的投资回报，特别是如果你能识别出那些估值合理、基本面优异的股票，并利用它们的增长和势头。此外，半导体等与电动汽车相关的行业也是不错的股票选择。在当前环境下，这些股票选择中的每一只都提供了增长和价值的良好平衡，因此实现投资组合多元化并乘着电动汽车和半导体浪潮是一个很好的选择。凭借更好的估值以及持续的进步和势头，我们相信福特是最合适的电动汽车股票选择，但这取决于您自己决定。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The Next Top Electric Vehicle Stock: Look Out Tesla And Apple<blockquote>下一个顶级电动汽车股票：留意特斯拉和苹果</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe Next Top Electric Vehicle Stock: Look Out Tesla And Apple<blockquote>下一个顶级电动汽车股票：留意特斯拉和苹果</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Seeking Alpha</strong><span class=\"h-time small\">2021-12-16 15:00</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Semiconductor stocks stand to gain from the global chip shortages. ON Semi, Qualcomm and Microchip Technology are EV semiconductor stocks to watch.</li>  <li>The auto sector took a beating during the pandemic but is rebounding. Some EV stocks look attractive given the political environment, rising gas prices, and expansion of charging stations.</li>  <li>In 2022, US auto sales are expected to increase to $16M from $15M. Top automaker Ford wants all-in on electric and is addressing the chip shortage their way.</li>  <li>Compared to its EV rivals Tesla and Apple, Ford offers solid fundamentals, a reasonable valuation framework, excellent Quant Factor grades, upward earnings revisions, and incredible stock momentum.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5fe8b143e1df1016169fd2775f2f9d27\" tg-width=\"1536\" tg-height=\"1024\" width=\"100%\" height=\"auto\"><span>Bill Pugliano/Getty Images News</span></p><p><blockquote><ul><li>半导体股将从全球芯片短缺中受益。在 Semi 方面，高通和 Microchip Technology 是值得关注的电动汽车半导体股票。</li><li>汽车行业在疫情期间遭受打击，但正在反弹。考虑到政治环境、油价上涨和充电站扩张，一些电动汽车股票看起来很有吸引力。</li><li>2022年，美国汽车销量预计将从1500万美元增至1600万美元。顶级汽车制造商福特希望全力发展电动汽车，并正在以自己的方式解决芯片短缺问题。</li><li>与其电动汽车竞争对手特斯拉和苹果相比，福特提供了坚实的基本面、合理的估值框架、出色的量化因子评级、向上的盈利修正和令人难以置信的股票势头。</li></ul><p class=\"t-img-caption\"><span>比尔·普利亚诺/盖蒂图片社新闻</span></p></blockquote></p><p> Automobiles and Semiconductor Chip Shortage</p><p><blockquote>汽车和半导体芯片短缺</blockquote></p><p> Over the last several years, the rapid growth of Electric Vehicles (EV) has been nothing short of astonishing. As Brendan Ahern said in his article,The Unstoppable EV Ecosystem And How To Invest, \"The past two years have seen tremendous excitement in the global electric vehicles (EVs) industry as new companies listed shares, Tesla (TSLA) was added to the S&amp;P 500, global governments stepped up electrification commitments, and electric vehicle sales soared, especially in China and the EU.\" This overview sums up the progress of EVs in the auto sector.</p><p><blockquote>在过去的几年里，电动汽车（EV）的快速增长令人震惊。正如 Brendan Ahern 在他的文章《不可阻挡的电动汽车生态系统和如何投资》中所说，“过去两年，随着新公司上市、特斯拉 (TSLA) 被纳入标普500，全球政府加大了电气化承诺，电动汽车销量飙升，尤其是在中国和欧盟。”本概述总结了电动汽车在汽车行业的进展。</blockquote></p><p> Our Top Automotive pick, Ford (F), is up 132% YTD and is in an enviable position on fundamentals at this time compared to Tesla, up 37% YTD. And despite Apple's (AAPL)&nbsp;accelerating plans for an autonomous vehicle, which they have deemed their mother of all Ai projects, so far, they are all talk with no viable EV product offering. Apple’s entry into the autonomous vehicle space is a topic of speculation. Notably, there is more than one way to invest in the EV revolution. It comes down to \"what’s inside?\"</p><p><blockquote>我们的首选汽车公司福特 (F) 年初至今上涨了 132%，与年初至今上涨 37% 的特斯拉相比，目前的基本面处于令人羡慕的地位。尽管苹果 (AAPL) 正在加速自动驾驶汽车的计划，他们将其视为所有人工智能项目之母，但到目前为止，他们都在谈论没有可行的电动汽车产品。苹果进军自动驾驶汽车领域一直是人们猜测的话题。值得注意的是，投资电动汽车革命的方式不止一种。归根结底是 “里面有什么？”</blockquote></p><p> Cars are like the new mainframe computers. A new car can have more than two thousand chips, blowing away a smartphone with perhaps four chips. Semiconductors play a significant role in today's automotive sector, especially EVs, which is why we find their stocks attractive. ON Semi (ON), Qualcomm (QCOM), and Microchip Technology (MCHP) are some of the best suppliers for the automotive sector. Supply chain constraints and Asian factory shutdowns have drastically impacted automotive sales. Despite the supply shortage, there's been high demand, and we've seen the cost of semiconductor shortages balloon above 90%, according to a&nbsp;Bloomberg News Article.</p><p><blockquote>汽车就像新的大型计算机。一辆新车可以有两千多个芯片，击败了一部可能只有四个芯片的智能手机。半导体在当今的汽车行业，尤其是电动汽车中发挥着重要作用，这就是为什么我们发现它们的股票很有吸引力。安森美 (ON)、高通 (QCOM) 和微芯片技术 (MCHP) 是汽车行业的一些最佳供应商。供应链限制和亚洲工厂关闭严重影响了汽车销售。根据彭博新闻社的一篇文章，尽管供应短缺，但需求一直很高，我们已经看到半导体短缺的成本飙升至 90% 以上。</blockquote></p><p> With a record 21 weeks to fill chip orders,Dan Hearsch, Managing Director of AlixPartners Automotive and Industrial Practice said, \"It certainly feels like the most protracted supply shortage the industry has seen because it's not over.\" Despite the lack of semiconductors, automotive prices continue to climb, reaching records in the U.S. over $42,000 per vehicle, making chip manufacturers like ON Semi, Qualcomm, and Microchip Technology Incorporated Very Bullish buys, especially given their demand in EVs.</p><p><blockquote>AlixPartners 汽车和工业实践董事总经理 Dan Hearsch 表示，芯片订单需要创纪录的 21 周才能完成，“这确实感觉像是该行业有史以来持续时间最长的供应短缺，因为它还没有结束。”尽管缺乏半导体，汽车价格仍在继续攀升，在美国达到每辆车超过 42,000 美元的记录，这使得 ON Semi、高通和 Microchip Technology 等芯片制造商非常乐观地购买，特别是考虑到他们对电动汽车的需求。</blockquote></p><p> <b>ON Semiconductor Corporation</b></p><p><blockquote><b>安森美半导体</b></blockquote></p><p> ON Semiconductor is a stock I recently wrote about in an article called&nbsp;Top 5 Tech Stocks For 2022. A Fortune 1000 Company, ON Semi is a semiconductor and leading power management provider that uses signal and custom device technologies for communications, automotive, computing, and other uses. EV advancements allow for increased use of semiconductors in-vehicle platforms' electronics content, improving occupant safety through imaging and sensor function technology; sensor functions by way of algorithms enable vehicles to take immediate action to avoid accidents. This electrification is also used in the powertrain and vehicle auxiliary systems, with semiconductor technology at the forefront.</p><p><blockquote>ON Semiconductor 是我最近在一篇名为《2022 年 5 大科技股》的文章中提到的一只股票。安森美是一家财富1000强公司，是一家半导体和领先的电源管理提供商，将信号和定制设备技术用于通信、汽车、计算和其他用途。电动汽车的进步允许更多地使用半导体车载平台的电子内容，通过成像和传感器功能技术提高乘员安全；通过算法的传感器功能使车辆能够立即采取行动以避免事故。这种电气化也用于动力总成和车辆辅助系统，其中半导体技术处于最前沿。</blockquote></p><p> The Seeking Alpha News Team recently reported&nbsp;ON Semi as a top pick at Citigroup. Citigroup analyst Christopher Danely said, \"With January's earnings season on the horizon, now is a prime time for investors to buy semiconductor stocks as chip-sector shortages don't appear to be getting better any time soon...Danelynotes that business conditions for the semiconductor industry have not been this strong since 1999 and 2000 and that \"many\" companies are booked solid with orders through 2022.\"</p><p><blockquote>Seeking Alpha 新闻团队最近报道称，Semi 是花旗集团的首选。花旗集团分析师克里斯托弗·丹尼利 (Christopher Danely) 表示：“随着 1 月份财报季的临近，现在是投资者购买半导体股票的黄金时间，因为芯片行业的短缺似乎不会很快好转……丹尼利指出，自 1999 年和 2000 年以来，半导体行业的商业状况从未如此强劲，“许多”公司在 2022 年之前都有稳定的订单。”</blockquote></p><p> ON carries a C+ Valuation Grade, remaining attractive relative to its sector by more than 7.29%, at a Forward P/E of 22.43x. Additionally, ON's growth, profitability, and momentum metrics are attractive.</p><p><blockquote>ON 的估值评级为 C+，相对于同行业仍具有吸引力，高出 7.29% 以上，远期市盈率为 22.43 倍。此外，ON 的增长、盈利能力和势头指标也很有吸引力。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/041f800d3cc6cb924bd6d61c64faf92e\" tg-width=\"640\" tg-height=\"394\" width=\"100%\" height=\"auto\"><span>Source: Seeking Alpha Premium</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Seeking Alpha Premium</span></p></blockquote></p><p></p><p> Momentum is a strong A+ Grade for ON Semiconductor, as they continue to have stellar price returns, with a price-performance return over 10 years exceeding 700%. Diving into ON’s&nbsp;growth grades, the company has a strong year-over-year EBITDA Growth grade of A- at 134.70% above the sector, and EPS FWD Long Term grade of A+, 208% above the sector. As we continue to dive into semiconductors important to vehicle automation, there is another name in the chip industry helping increase the trend towards EVs.</p><p><blockquote>Momentum 是 ON Semiconductor 的强劲 A+ 评级，因为他们继续拥有出色的价格回报，10 年内的性价比回报率超过 700%。深入了解 ON 的增长等级，该公司的 EBITDA 同比增长等级为 A-，比行业高出 134.70%，EPS FWD 长期等级为 A+，比行业高出 208%。随着我们继续深入研究对车辆自动化至关重要的半导体，芯片行业还有另一个名字正在帮助推动电动汽车的趋势。</blockquote></p><p> <b>Qualcomm</b></p><p><blockquote><b>高通</b></blockquote></p><p> QCOM gets a significant portion of its revenue from products aimed at the automotive sector. QCOM is already the world's biggest supplier of mobile phone chips, a wireless technology innovator, and 5G driver. The company has announced it will continue to expand into next-generation self-driving vehicles. SA news&nbsp;just reported&nbsp;Qualcomm could rally 25% higher in the next six months, according to Cerity Partners' Jim Lebenthal. Qualcomm, who already works with firms like Microsoft (MSFT) and Meta Platforms (FB), wants to grab hold of the EV market share, which is significantly higher than the phone chip industry, according to Cristiano Amon, QCOM President and CEO. In a&nbsp;November Press Release, Amon said, \"Our announcement with BMW today is the onset of a new era in automotive where two technology leaders have come together to design and develop…the next-generation automobile…we see an incredible number of changes in the industry that are driving things and putting Qualcomm at the intersection of demand for virtually every industry.\"</p><p><blockquote>QCOM 的很大一部分收入来自针对汽车行业的产品。QCOM已经是全球最大的手机芯片供应商、无线技术创新者和5G驱动者。该公司宣布将继续扩展到下一代自动驾驶汽车。Cerity Partners 的 Jim Lebenthal 表示，SA news 刚刚报道称，高通在未来六个月内股价可能会上涨 25%。QCOM 总裁兼首席执行官 Cristiano Amon 表示，高通已经与微软 (MSFT) 和 Meta Platforms (FB) 等公司合作，希望抢占电动汽车市场份额，该市场份额明显高于手机芯片行业。阿蒙在 11 月的一份新闻稿中表示：“我们今天与宝马的声明标志着汽车行业新时代的开始，两位技术领导者携手设计和开发……下一代汽车……我们看到了令人难以置信的行业变化正在推动事物的发展，并将高通置于几乎每个行业需求的十字路口。”</blockquote></p><p> When looking at QCOM's Factor Grades below, it's clear why we believe they are on solid footing.</p><p><blockquote>当查看下面 QCOM 的因素等级时，我们很清楚为什么我们认为它们的基础是坚实的。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ee2ff7cc1f310c6f8fd1e875afacc02e\" tg-width=\"284\" tg-height=\"223\" width=\"100%\" height=\"auto\"><span>Source: Seeking Alpha Premium</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Seeking Alpha Premium</span></p></blockquote></p><p> QCOM comes at a reasonable valuation, trading nearly 30% below its sector with a forward P/E of 17.27+; Forward PEG is almost 63% below the sector. The stock has strong growth, excellent profitability metrics, and many analysts increasing their earnings estimates. As fellow&nbsp;Seeking Alpha author Valuentum writes, \"Qualcomm's growth trajectory is supported by its push into the automotive arena and the IoT trend, which are expected to grow its total addressable market opportunity over the next decade.\"</p><p><blockquote>QCOM 的估值合理，交易价格比同行业低近 30%，远期市盈率为 17.27+；远期挂钩比该行业低近 63%。该股增长强劲，盈利指标出色，许多分析师提高了盈利预期。正如 Seeking Alpha 作者 Valuentum 所写，“高通的增长轨迹得到了其进军汽车领域和物联网趋势的支持，预计这将在未来十年增加其总潜在市场机会。”</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/14b7d462d95760ddddea06904c48c60a\" tg-width=\"640\" tg-height=\"430\" width=\"100%\" height=\"auto\"><span>Source: Seeking Alpha Premium</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Seeking Alpha Premium</span></p></blockquote></p><p> In addition to its strong profitability, QCOM is one of the best dividend-paying technology stocks. QCOM has a Dividend Growth Grade of A+. Because the trend and rise in popularity of electric vehicles is not the only way to make money, we are emphasizing another top semiconductor leading the wave of rising EVs, Microchip Technology Incorporated (MCHP).</p><p><blockquote>除了强劲的盈利能力外，QCOM 还是派息最好的科技股之一。QCOM 的股息增长评级为 A+。由于电动汽车的趋势和普及并不是唯一的赚钱方式，因此我们强调另一家引领电动汽车崛起浪潮的顶级半导体公司，Microchip Technology Incorporated (MCHP)。</blockquote></p><p> <b>Microchip Technology Incorporated</b></p><p><blockquote><b>微芯片技术公司</b></blockquote></p><p> Another top EV chip-maker is MCHP, whose chips are used in wireless apps and devices for power management. MCHP’s chips specifically designed for electric vehicles is the artificial intelligence used to centralize computing and navigation and the powertrains and charging systems. Rated Very Bullish, out of 557 of our&nbsp;Top Tech Stocks, MCHP is ranked in the top 10% of this screener and continues to be on an upward trajectory, as evidenced by its B+ Momentum Grade.</p><p><blockquote>另一家顶级电动汽车芯片制造商是 MCHP，其芯片用于无线应用程序和电源管理设备。MCHP 专为电动汽车设计的芯片是用于集中计算和导航、动力系统和充电系统的人工智能。在我们的 557 只顶级科技股中，MCHP 被评为非常看涨，在本次筛选中排名前 10%，并继续处于上升趋势，其 B+ 动量评级就证明了这一点。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/38fa9b58f8f38267e8104688a79b1c77\" tg-width=\"640\" tg-height=\"204\" width=\"100%\" height=\"auto\"><span>Source: Seeking Alpha Premium</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Seeking Alpha Premium</span></p></blockquote></p><p> Following recent Q2 Earnings results,Jefferies Financial Group, among other analysts, has increased their MCHP price target of $98 to $109, which implies a 22.7% upside. With an EPS of $1.07 that beat by $0.01 and Revenue of $1.65B beating nearly 26% YoY, it’s no wonder there are 21 FY1 Up Revisions in the last 90 days, prompting an A- Revisions Grade.</p><p><blockquote>在最近公布第二季度盈利结果后，杰富瑞金融集团等分析师将 MCHP 目标价从 98 美元上调至 109 美元，这意味着 22.7% 的上涨空间。每股收益为 1.07 美元，比上年增长 0.01 美元，收入为 16.5 亿美元，同比增长近 26%，难怪在过去 90 天内有 21 次 FY1 上调，评级为 A-。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fc325cd371e06ec406b8e454cf7c4670\" tg-width=\"640\" tg-height=\"183\" width=\"100%\" height=\"auto\"><span>Source: Seeking Alpha Premium</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Seeking Alpha Premium</span></p></blockquote></p><p> As we look to the EV sector capitalizing on the use of semiconductors and investors wanting to know more about stocks in this space, let us discuss Ford (F), who recently partnered with GlobalFoundries (GFS), a multinational semiconductor manufacturing and design company to address the semiconductor shortage, thus positioning themselves as the next prominent EV manufacturer to rival Tesla and Apple in the space.</p><p><blockquote>当我们着眼于利用半导体使用的电动汽车行业以及希望了解更多有关该领域股票的投资者时，让我们讨论一下福特 (F)，福特最近与跨国半导体制造和设计公司 GlobalFoundries (GFS) 合作解决半导体短缺问题，从而将自己定位为该领域下一个与特斯拉和苹果竞争的著名电动汽车制造商。</blockquote></p><p> <i><b>YTD F, AAPL, TSLA PRICE RETURN COMPARISON</b></i></p><p><blockquote><i><b>年初至今 F、AAPL、TSLA 价格回报比较</b></i></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f2175c40e8df25d2f22ed2e219327137\" tg-width=\"640\" tg-height=\"230\" width=\"100%\" height=\"auto\"><span>Source: Seeking Alpha Premium</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Seeking Alpha Premium</span></p></blockquote></p><p> <b>Ford</b></p><p><blockquote><b>福特</b></blockquote></p><p></p><p> Ford has been a differentiator since the invention of the automobile. Ford’s partnering with semiconductor company GlobalFoundries clarifies that it wants to lead the industry and evolve by all means necessary, striking deals with companies to source materials and the parts required to avoid supply chain disruptions. \"Semiconductor is going to become the defining line for differentiation in the automotive experience. I believe you're seeing automotive companies want to become what I would call more silicon aware. And that's exactly what Ford is doing in their MOU they signed with G.F. They want to first make sure that they understand the supply-demand dynamics… to make sure they influence the technology road maps for foundries so that the features that we create align with their needs,\"Tom Caulfield GFS CEO, Q3 2021 Earnings Call. So how does Ford compare to its E.V. rivals, Tesla and Apple, in the electric car race?</p><p><blockquote>自从汽车发明以来，福特一直是一个与众不同的人。福特与半导体公司 GlobalFoundries 的合作表明，它希望引领行业，并通过一切必要手段实现发展，与公司达成协议，采购避免供应链中断所需的材料和零部件。“半导体将成为汽车体验差异化的定义线。我相信您会看到汽车公司希望成为我希望看涨期权更多硅公司意识到的目标。这正是福特在与 G.F. 签署的谅解备忘录中所做的。他们希望首先确保了解供需动态……以确保他们影响代工厂的技术路线图，以便我们创建的功能符合他们的需求，”GFS 首席执行官 Tom Caulfield，2021 年第三季度财报看涨期权。那么福特与其电动汽车相比如何呢？电动汽车竞赛中的竞争对手特斯拉和苹果？</blockquote></p><p> <b>Ford Valuation vs. Tesla and Apple</b></p><p><blockquote><b>福特估值与特斯拉和苹果</b></blockquote></p><p> Ford is undervalued with an overall valuation grade of C, forward P/E trading -25.82%, and the sector at 14.55X. The forward PEG ratio has an A+ grade, trading nearly 82% below the sector. When we compare Ford, Apple, and Tesla on Valuation, TSLA and AAPL receive an overall F Grade.</p><p><blockquote>福特被低估，整体估值等级为C，远期市盈率为-25.82%，行业市盈率为14.55倍。远期 PEG 比率评级为 A+，比该行业低近 82%。当我们比较福特、苹果和特斯拉的估值时，TSLA 和 AAPL 的总体评级为 F。</blockquote></p><p> Compared to Tesla and Apple with F Valuation Grades, both look unattractive on a PEG basis (P/E Ratio divided by EPS long-term growth). Tesla PEG of 3.52X is 263.70% above the sector, and Apple PEG of 2.81X, 70.78% above the sector.</p><p><blockquote>与估值等级为 F 的特斯拉和苹果相比，两者在 PEG（市盈率除以每股收益长期增长）基础上看起来都没有吸引力。特斯拉挂钩3.52倍，高出行业263.70%，苹果挂钩2.81倍，高出行业70.78%。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/54c31cedfc851a3fb1072546e0b5c879\" tg-width=\"640\" tg-height=\"440\" width=\"100%\" height=\"auto\"><span>Source: Seeking Alpha Premium</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Seeking Alpha Premium</span></p></blockquote></p><p> Seeking Alpha’s Valuation Grade provides a unique view of how much a company is worth relative to other stocks in the same sector. Thanks to dozens of underlying metrics, the grades provide an instant characterization of the strength or weakness of the metric compared to similar stocks. Ford looks attractive on a 0.17X PEG basis and is not overvalued compared to the sector, with a median PEG of 0.97X.</p><p><blockquote>Seeking Alpha 的估值等级为公司相对于同行业其他股票的价值提供了独特的视角。得益于数十个基本指标，与类似股票相比，这些等级可以即时描述该指标的强度或强度。福特在 0.17 倍的 PEG 基础上看起来很有吸引力，与该行业相比并没有被高估，PEG 中位数为 0.97 倍。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bbb961e840c6250e27933fd611faefc6\" tg-width=\"640\" tg-height=\"244\" width=\"100%\" height=\"auto\"><span>Source: Seeking Alpha Premium</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Seeking Alpha Premium</span></p></blockquote></p><p> While a C grade is not ideal, Ford still looks attractive. As a pioneer in its industry, it should fare well in the EV space. According to Aswath Damodaran,Professor of Finance at the Stern School of Business at N.Y. University, the Automotive and Truck sector is sitting pretty, with a current P/E of 164.37 based upon January 2021 data and expected growth of 18.8% over the next five years with a PEG ratio of 8.87.</p><p><blockquote>虽然 C 级并不理想，但福特看起来仍然很有吸引力。作为行业先驱，它应该在电动汽车领域表现出色。纽约大学斯特恩商学院金融学教授 Aswath Damodaran 表示，汽车和卡车行业表现良好，根据 2021 年 1 月的数据，目前市盈率为 164.37，预计未来五年将增长 18.8%，PEG 比率为 8.87。</blockquote></p><p> Apple's announcement of a fully autonomous vehicle has turned heads, especially given its wide range of technology and persistent delays to the project.Apple Car Project&nbsp;is being led by Ai and machine learning Chief John Giannandrea. \"We're focusing on autonomous systems. It's a core technology that we view as very important. We sort of see it as the mother of all AI projects. It's probably one of the most difficult AI projects actually to work on\" said,Apple CEO Tim Cook. Whereas Tesla and Ford have a leg up with emphasis in the automotive industry, as&nbsp;John Engel emphasizes in his Seeking Alpha article, \"Ultimately, I see little about the automotive sector – EV or otherwise – that would make it a natural fit for Apple. While I suspect the development of the Apple Car over the next few years will act as a positive catalyst for Apple's stock, it will end up being more of a liability than an asset.\" Let's compare each of their growth and profitability grades.</p><p><blockquote>苹果宣布推出全自动驾驶汽车引起了人们的注意，特别是考虑到其技术范围广泛且该项目持续延误。苹果汽车项目由人工智能和机器学习主管约翰·詹南德里亚 (John Giannandrea) 领导。“我们专注于自主系统。这是一项我们认为非常重要的核心技术。我们将其视为所有人工智能项目之母。这可能是实际上最难开展的人工智能项目之一，”苹果首席执行官蒂姆·库克说道。尽管特斯拉和福特在汽车行业占据优势，但正如 John Engel 在他的 Seeking Alpha 文章中强调的那样，“最终，我认为汽车行业——无论是电动汽车还是其他汽车——很少能让它自然而然地适合苹果。虽然我怀疑苹果汽车在未来几年的开发将成为苹果股票的积极催化剂，但它最终将更多的是一种负债而不是资产。”让我们比较一下它们的增长和盈利能力等级。</blockquote></p><p> <b>Ford Growth and Profitability vs. Tesla and Apple</b></p><p><blockquote><b>福特的增长和盈利能力与特斯拉和苹果</b></blockquote></p><p> With plans to build over 600,000 EV's annually by 2025 and Ford CEO Jim Farley pushing for 40% of its vehicles to be battery powered by 2030, its transition to electric cars is proving to be successful. Led by its fully-electric Mustang Mach-EFord, Ford set a new September record with EV sales surging 92% from the previous year to 9,150. Adding insult to injury, Doug Field,\"One of the top product leaders from Apple, Tesla and Segway,\"left Apple after aiding in the launch of its electric vehicle, poached by Ford as their new Chief Advanced Technology Officer. Online speculation indicates that this move may be the final nail in the Apple EV coffin. While it's all speculation, as we compare the three EV makers, it's clear why we believe Ford will prove the victor and the EV stock to watch.</p><p><blockquote>福特计划到 2025 年每年生产超过 60 万辆电动汽车，福特首席执行官吉姆·法利 (Jim Farley) 推动到 2030 年将 40% 的汽车采用电池驱动，事实证明，福特向电动汽车的转型是成功的。在全电动野马 Mach-EFord 的带领下，福特 9 月份电动汽车销量同比飙升 92%，达到 9,150 辆，创下新纪录。雪上加霜的是，“苹果、特斯拉和赛格威的顶级产品负责人之一”道格·菲尔德（Doug Field）在帮助推出苹果电动汽车后离开了苹果，并被福特挖走担任新任首席先进技术官。网上猜测，此举可能是苹果电动汽车棺材上的最后一颗钉子。虽然这都是猜测，但当我们比较这三家电动汽车制造商时，很明显为什么我们相信福特将成为赢家，也是值得关注的电动汽车股票。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/eec2355246ce651d0fb1df4614fcf9e5\" tg-width=\"640\" tg-height=\"255\" width=\"100%\" height=\"auto\"><span>Source: Seeking Alpha Premium</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Seeking Alpha Premium</span></p></blockquote></p><p></p><p> Ford has delivered a stock price increase of more than 62% over the last five years and an increase of more than 132% YTD, bringing both A- Growth and A+ Profitability Factor Grades. With a Very Bullish rating and continually evolving in the changing landscape of electric vehicles, Ford is set to continue delivering results in the vehicle sector. Ford is built tough and has been resilient despite chip shortages and the effects brought on by the pandemic. Ford continues to introduce new vehicles and will launch an all-electric&nbsp;F-150 Lightning&nbsp;in 2022 that possesses a maximum towing capacity of 10,000 pounds and a range of up to 300 miles. According to the CEO, there's a massive demand for this truck with 200,000 reservations.</p><p><blockquote>福特的股价在过去五年中上涨了 62% 以上，年初至今上涨了 132% 以上，带来了 A- 增长和 A+ 盈利因子等级。凭借非常乐观的评级，并在不断变化的电动汽车格局中不断发展，福特将继续在汽车行业取得成果。尽管面临芯片短缺和疫情带来的影响，福特仍然很坚韧，并且具有弹性。福特继续推出新车，并将于2022年推出全电动F-150 Lightning，最大牵引能力为10,000磅，续航里程可达300英里。据首席执行官称，这款卡车的需求量很大，有 20 万份预订。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/45b7946a5aed4f7f01a00c1ef0635628\" tg-width=\"640\" tg-height=\"254\" width=\"100%\" height=\"auto\"><span>Image Source: 2022 Ford® F-150 Lightning Electric Truck |All Electric and All F-150</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：2022款福特®F-150 Lightning 电动卡车 | 全电动和全 F-150</span></p></blockquote></p><p> The American-made F-150 Lightning and its next-generation full-size electric pickup are developing in high volumes at its new facility in Blue Oval City, Tennessee. The numbers don't lie, and despite a semiconductor shortage, there's no shortage of buyers seeking Ford vehicles. The momentum is sure to continue, especially as Ford manages its partnership with GlobalFoundries and continues to make strides to outpace Tesla and Apple.</p><p><blockquote>美国制造的 F-150 Lightning 及其下一代全尺寸电动皮卡正在田纳西州蓝椭圆城的新工厂大量开发。数字不会说谎，尽管半导体短缺，但寻求福特汽车的买家并不缺乏。这一势头肯定会继续下去，特别是随着福特管理与 GlobalFoundries 的合作伙伴关系，并继续大步超越特斯拉和苹果。</blockquote></p><p> While we continue to see vehicles generated by Ford, we have yet to see the release of an actual Apple EV. Tesla, on the other hand, the pioneer of the electric vehicle, continues to showcase why their cutting-edge battery technology is rated the best car in its class. It's no secret that Tesla continues to build cars for more and more people, making products accessible and affordable while also bridging the gap towards clean transport and renewable energy.</p><p><blockquote>虽然我们继续看到福特公司生产的汽车，但我们还没有看到真正的苹果电动汽车的发布。另一方面，电动汽车的先驱特斯拉继续展示为什么他们的尖端电池技术被评为同类产品中最好的汽车。众所周知，特斯拉继续为越来越多的人制造汽车，使产品变得容易获得和负担得起，同时也弥合了清洁交通和可再生能源的差距。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/85b3fbd9b4798b8e89ef154b6eb78098\" tg-width=\"640\" tg-height=\"339\" width=\"100%\" height=\"auto\"><span>Image Source: Model S</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：Model S</span></p></blockquote></p><p> We feel Ford's biggest contender in the EV space is Tesla, and&nbsp;Ford also contends that it will be the No. 2 EV producer in two years. Following a Ford EPS of $0.51 beats by $0.24 and 19 FY1 Up Revisions in the last 90 days, it's no wonder Ford is neck-to-neck with its competitors on Profitability with A+ ratings. Ford's continued strength indicates why&nbsp;Jim Farley, Ford CEO during the Q3 Earnings Call, said, \"We're moving aggressively to lead the electric vehicle revolution, substantially expanding our battery production as we speak today in the U.S. In fact, we already announced plans that will give us enough battery production to meet our mid-decade goal of 141 gigawatts, which is enough to build more than 1 million battery electric vehicles a year, and I think we'll need more.\"</p><p><blockquote>我们认为福特在电动汽车领域最大的竞争者是特斯拉，福特还声称它将在两年内成为第二大电动汽车生产商。在过去 90 天内，福特每股收益为 0.51 美元，超过预期每股收益为 0.24 美元，财年上调 19 次，难怪福特在盈利能力方面与竞争对手不相上下，并获得 A+ 评级。福特的持续强劲表明了为什么福特首席执行官吉姆·法利 (Jim Farley) 在第三季度财报看涨期权上表示：“我们正在积极引领电动汽车革命，在我们今天在美国发表讲话时大幅扩大我们的电池生产。事实上，我们已经宣布了计划将为我们提供足够的电池产量，以实现我们 141 吉瓦的十年中期目标，这足以每年生产超过 100 万辆电池电动汽车，我认为我们需要更多。”</blockquote></p><p> <i><b>FORD EARNINGS AND REVISIONS</b></i></p><p><blockquote><i><b>福特收益和修正</b></i></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d1077c0c6a7d52a3c5c3a553c5c5ac32\" tg-width=\"640\" tg-height=\"369\" width=\"100%\" height=\"auto\"><span>Source: Seeking Alpha Premium</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Seeking Alpha Premium</span></p></blockquote></p><p> <b>Ford, Tesla, and Apple Momentum</b></p><p><blockquote><b>福特、特斯拉和苹果势头</b></blockquote></p><p> Each of the stocks, Ford, Tesla, and Apple continue to put their money where they believe there is an upside. Momentum is a successful trading strategy in which investors buy rising stocks and sell as they're retreating, and it is a vital factor for predicting stock price performance for those wanting to hold long term.</p><p><blockquote>福特、特斯拉和苹果等每只股票都继续将资金投入到他们认为有上涨空间的地方。动量是一种成功的交易策略，投资者买入上涨的股票，并在下跌时卖出，对于那些想要长期持有的人来说，它是预测股价表现的重要因素。</blockquote></p><p> Investor confidence remains high in the EV space, with each stock exhibiting A or better Momentum Grades. Year-to-date, Ford has remained up 57.27% over the previous three months while the sector is down nearly 5%. Tesla is up 30% and Apple more than 17%.</p><p><blockquote>投资者对电动汽车领域的信心仍然很高，每只股票都表现出 A 或更好的势头等级。今年迄今为止，福特在前三个月仍上涨了 57.27%，而该行业则下跌了近 5%。特斯拉上涨了30%，苹果上涨了17%以上。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/34c9ba651be822d98ff1d10c0ee70b3a\" tg-width=\"640\" tg-height=\"206\" width=\"100%\" height=\"auto\"><span>Source: Seeking Alpha Premium</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Seeking Alpha Premium</span></p></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5548abc16267f2b83467c1e652937cdd\" tg-width=\"640\" tg-height=\"202\" width=\"100%\" height=\"auto\"><span>Source: Seeking Alpha Premium</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Seeking Alpha Premium</span></p></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f87dd913db38101b4d1f4b255ee4d28c\" tg-width=\"640\" tg-height=\"207\" width=\"100%\" height=\"auto\"><span>Source: Seeking Alpha Premium</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Seeking Alpha Premium</span></p></blockquote></p><p> <b>Conclusion: Ford</b><b><i>Is</i></b><b>Built Tough and an EV Stock To Watch</b></p><p><blockquote><b>结论：福特</b><b><i>是</i></b><b>强劲且值得关注的电动汽车股票</b></blockquote></p><p></p><p> Electric Vehicle stocks can make a great return on investment, especially if you can identify those with fair valuations, excellent fundamentals and capitalize on their growth and momentum. In addition, sectors linked to EVs like semiconductors can also be great stock picks. In the current environment, where each of these stock picks offers a good balance of growth and value, it's a great play to diversify your portfolio and ride the EV and semiconductor wave. With the better valuation and continued advancements and momentum, we believe that Ford is the most opportune of the EV stock picks, but it's up to you to decide for yourself.</p><p><blockquote>电动汽车股票可以获得巨大的投资回报，特别是如果你能识别出那些估值合理、基本面优异的股票，并利用它们的增长和势头。此外，半导体等与电动汽车相关的行业也是不错的股票选择。在当前环境下，这些股票选择中的每一只都提供了增长和价值的良好平衡，因此实现投资组合多元化并乘着电动汽车和半导体浪潮是一个很好的选择。凭借更好的估值以及持续的进步和势头，我们相信福特是最合适的电动汽车股票选择，但这取决于您自己决定。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4475255-the-next-top-electric-vehicle-stock-look-out-tesla-and-apple\">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":{"F":"福特汽车","TSLA":"特斯拉","AAPL":"苹果"},"source_url":"https://seekingalpha.com/article/4475255-the-next-top-electric-vehicle-stock-look-out-tesla-and-apple","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162833574","content_text":"Summary\n\nSemiconductor stocks stand to gain from the global chip shortages. ON Semi, Qualcomm and Microchip Technology are EV semiconductor stocks to watch.\nThe auto sector took a beating during the pandemic but is rebounding. Some EV stocks look attractive given the political environment, rising gas prices, and expansion of charging stations.\nIn 2022, US auto sales are expected to increase to $16M from $15M. Top automaker Ford wants all-in on electric and is addressing the chip shortage their way.\nCompared to its EV rivals Tesla and Apple, Ford offers solid fundamentals, a reasonable valuation framework, excellent Quant Factor grades, upward earnings revisions, and incredible stock momentum.\n\nBill Pugliano/Getty Images News\nAutomobiles and Semiconductor Chip Shortage\nOver the last several years, the rapid growth of Electric Vehicles (EV) has been nothing short of astonishing. As Brendan Ahern said in his article,The Unstoppable EV Ecosystem And How To Invest, \"The past two years have seen tremendous excitement in the global electric vehicles (EVs) industry as new companies listed shares, Tesla (TSLA) was added to the S&P 500, global governments stepped up electrification commitments, and electric vehicle sales soared, especially in China and the EU.\" This overview sums up the progress of EVs in the auto sector.\nOur Top Automotive pick, Ford (F), is up 132% YTD and is in an enviable position on fundamentals at this time compared to Tesla, up 37% YTD. And despite Apple's (AAPL) accelerating plans for an autonomous vehicle, which they have deemed their mother of all Ai projects, so far, they are all talk with no viable EV product offering. Apple’s entry into the autonomous vehicle space is a topic of speculation. Notably, there is more than one way to invest in the EV revolution. It comes down to \"what’s inside?\"\nCars are like the new mainframe computers. A new car can have more than two thousand chips, blowing away a smartphone with perhaps four chips. Semiconductors play a significant role in today's automotive sector, especially EVs, which is why we find their stocks attractive. ON Semi (ON), Qualcomm (QCOM), and Microchip Technology (MCHP) are some of the best suppliers for the automotive sector. Supply chain constraints and Asian factory shutdowns have drastically impacted automotive sales. Despite the supply shortage, there's been high demand, and we've seen the cost of semiconductor shortages balloon above 90%, according to a Bloomberg News Article.\nWith a record 21 weeks to fill chip orders,Dan Hearsch, Managing Director of AlixPartners Automotive and Industrial Practice said, \"It certainly feels like the most protracted supply shortage the industry has seen because it's not over.\" Despite the lack of semiconductors, automotive prices continue to climb, reaching records in the U.S. over $42,000 per vehicle, making chip manufacturers like ON Semi, Qualcomm, and Microchip Technology Incorporated Very Bullish buys, especially given their demand in EVs.\nON Semiconductor Corporation\nON Semiconductor is a stock I recently wrote about in an article called Top 5 Tech Stocks For 2022. A Fortune 1000 Company, ON Semi is a semiconductor and leading power management provider that uses signal and custom device technologies for communications, automotive, computing, and other uses. EV advancements allow for increased use of semiconductors in-vehicle platforms' electronics content, improving occupant safety through imaging and sensor function technology; sensor functions by way of algorithms enable vehicles to take immediate action to avoid accidents. This electrification is also used in the powertrain and vehicle auxiliary systems, with semiconductor technology at the forefront.\nThe Seeking Alpha News Team recently reported ON Semi as a top pick at Citigroup. Citigroup analyst Christopher Danely said, \"With January's earnings season on the horizon, now is a prime time for investors to buy semiconductor stocks as chip-sector shortages don't appear to be getting better any time soon...Danelynotes that business conditions for the semiconductor industry have not been this strong since 1999 and 2000 and that \"many\" companies are booked solid with orders through 2022.\"\nON carries a C+ Valuation Grade, remaining attractive relative to its sector by more than 7.29%, at a Forward P/E of 22.43x. Additionally, ON's growth, profitability, and momentum metrics are attractive.\nSource: Seeking Alpha Premium\nMomentum is a strong A+ Grade for ON Semiconductor, as they continue to have stellar price returns, with a price-performance return over 10 years exceeding 700%. Diving into ON’s growth grades, the company has a strong year-over-year EBITDA Growth grade of A- at 134.70% above the sector, and EPS FWD Long Term grade of A+, 208% above the sector. As we continue to dive into semiconductors important to vehicle automation, there is another name in the chip industry helping increase the trend towards EVs.\nQualcomm\nQCOM gets a significant portion of its revenue from products aimed at the automotive sector. QCOM is already the world's biggest supplier of mobile phone chips, a wireless technology innovator, and 5G driver. The company has announced it will continue to expand into next-generation self-driving vehicles. SA news just reported Qualcomm could rally 25% higher in the next six months, according to Cerity Partners' Jim Lebenthal. Qualcomm, who already works with firms like Microsoft (MSFT) and Meta Platforms (FB), wants to grab hold of the EV market share, which is significantly higher than the phone chip industry, according to Cristiano Amon, QCOM President and CEO. In a November Press Release, Amon said, \"Our announcement with BMW today is the onset of a new era in automotive where two technology leaders have come together to design and develop…the next-generation automobile…we see an incredible number of changes in the industry that are driving things and putting Qualcomm at the intersection of demand for virtually every industry.\"\nWhen looking at QCOM's Factor Grades below, it's clear why we believe they are on solid footing.\nSource: Seeking Alpha Premium\nQCOM comes at a reasonable valuation, trading nearly 30% below its sector with a forward P/E of 17.27+; Forward PEG is almost 63% below the sector. The stock has strong growth, excellent profitability metrics, and many analysts increasing their earnings estimates. As fellow Seeking Alpha author Valuentum writes, \"Qualcomm's growth trajectory is supported by its push into the automotive arena and the IoT trend, which are expected to grow its total addressable market opportunity over the next decade.\"\nSource: Seeking Alpha Premium\nIn addition to its strong profitability, QCOM is one of the best dividend-paying technology stocks. QCOM has a Dividend Growth Grade of A+. Because the trend and rise in popularity of electric vehicles is not the only way to make money, we are emphasizing another top semiconductor leading the wave of rising EVs, Microchip Technology Incorporated (MCHP).\nMicrochip Technology Incorporated\nAnother top EV chip-maker is MCHP, whose chips are used in wireless apps and devices for power management. MCHP’s chips specifically designed for electric vehicles is the artificial intelligence used to centralize computing and navigation and the powertrains and charging systems. Rated Very Bullish, out of 557 of our Top Tech Stocks, MCHP is ranked in the top 10% of this screener and continues to be on an upward trajectory, as evidenced by its B+ Momentum Grade.\nSource: Seeking Alpha Premium\nFollowing recent Q2 Earnings results,Jefferies Financial Group, among other analysts, has increased their MCHP price target of $98 to $109, which implies a 22.7% upside. With an EPS of $1.07 that beat by $0.01 and Revenue of $1.65B beating nearly 26% YoY, it’s no wonder there are 21 FY1 Up Revisions in the last 90 days, prompting an A- Revisions Grade.\nSource: Seeking Alpha Premium\nAs we look to the EV sector capitalizing on the use of semiconductors and investors wanting to know more about stocks in this space, let us discuss Ford (F), who recently partnered with GlobalFoundries (GFS), a multinational semiconductor manufacturing and design company to address the semiconductor shortage, thus positioning themselves as the next prominent EV manufacturer to rival Tesla and Apple in the space.\nYTD F, AAPL, TSLA PRICE RETURN COMPARISON\nSource: Seeking Alpha Premium\nFord\nFord has been a differentiator since the invention of the automobile. Ford’s partnering with semiconductor company GlobalFoundries clarifies that it wants to lead the industry and evolve by all means necessary, striking deals with companies to source materials and the parts required to avoid supply chain disruptions. \"Semiconductor is going to become the defining line for differentiation in the automotive experience. I believe you're seeing automotive companies want to become what I would call more silicon aware. And that's exactly what Ford is doing in their MOU they signed with G.F. They want to first make sure that they understand the supply-demand dynamics… to make sure they influence the technology road maps for foundries so that the features that we create align with their needs,\"Tom Caulfield GFS CEO, Q3 2021 Earnings Call. So how does Ford compare to its E.V. rivals, Tesla and Apple, in the electric car race?\nFord Valuation vs. Tesla and Apple\nFord is undervalued with an overall valuation grade of C, forward P/E trading -25.82%, and the sector at 14.55X. The forward PEG ratio has an A+ grade, trading nearly 82% below the sector. When we compare Ford, Apple, and Tesla on Valuation, TSLA and AAPL receive an overall F Grade.\nCompared to Tesla and Apple with F Valuation Grades, both look unattractive on a PEG basis (P/E Ratio divided by EPS long-term growth). Tesla PEG of 3.52X is 263.70% above the sector, and Apple PEG of 2.81X, 70.78% above the sector.\nSource: Seeking Alpha Premium\nSeeking Alpha’s Valuation Grade provides a unique view of how much a company is worth relative to other stocks in the same sector. Thanks to dozens of underlying metrics, the grades provide an instant characterization of the strength or weakness of the metric compared to similar stocks. Ford looks attractive on a 0.17X PEG basis and is not overvalued compared to the sector, with a median PEG of 0.97X.\nSource: Seeking Alpha Premium\nWhile a C grade is not ideal, Ford still looks attractive. As a pioneer in its industry, it should fare well in the EV space. According to Aswath Damodaran,Professor of Finance at the Stern School of Business at N.Y. University, the Automotive and Truck sector is sitting pretty, with a current P/E of 164.37 based upon January 2021 data and expected growth of 18.8% over the next five years with a PEG ratio of 8.87.\nApple's announcement of a fully autonomous vehicle has turned heads, especially given its wide range of technology and persistent delays to the project.Apple Car Project is being led by Ai and machine learning Chief John Giannandrea. \"We're focusing on autonomous systems. It's a core technology that we view as very important. We sort of see it as the mother of all AI projects. It's probably one of the most difficult AI projects actually to work on\" said,Apple CEO Tim Cook. Whereas Tesla and Ford have a leg up with emphasis in the automotive industry, as John Engel emphasizes in his Seeking Alpha article, \"Ultimately, I see little about the automotive sector – EV or otherwise – that would make it a natural fit for Apple. While I suspect the development of the Apple Car over the next few years will act as a positive catalyst for Apple's stock, it will end up being more of a liability than an asset.\" Let's compare each of their growth and profitability grades.\nFord Growth and Profitability vs. Tesla and Apple\nWith plans to build over 600,000 EV's annually by 2025 and Ford CEO Jim Farley pushing for 40% of its vehicles to be battery powered by 2030, its transition to electric cars is proving to be successful. Led by its fully-electric Mustang Mach-EFord, Ford set a new September record with EV sales surging 92% from the previous year to 9,150. Adding insult to injury, Doug Field,\"One of the top product leaders from Apple, Tesla and Segway,\"left Apple after aiding in the launch of its electric vehicle, poached by Ford as their new Chief Advanced Technology Officer. Online speculation indicates that this move may be the final nail in the Apple EV coffin. While it's all speculation, as we compare the three EV makers, it's clear why we believe Ford will prove the victor and the EV stock to watch.\nSource: Seeking Alpha Premium\nFord has delivered a stock price increase of more than 62% over the last five years and an increase of more than 132% YTD, bringing both A- Growth and A+ Profitability Factor Grades. With a Very Bullish rating and continually evolving in the changing landscape of electric vehicles, Ford is set to continue delivering results in the vehicle sector. Ford is built tough and has been resilient despite chip shortages and the effects brought on by the pandemic. Ford continues to introduce new vehicles and will launch an all-electric F-150 Lightning in 2022 that possesses a maximum towing capacity of 10,000 pounds and a range of up to 300 miles. According to the CEO, there's a massive demand for this truck with 200,000 reservations.\nImage Source: 2022 Ford® F-150 Lightning Electric Truck |All Electric and All F-150\nThe American-made F-150 Lightning and its next-generation full-size electric pickup are developing in high volumes at its new facility in Blue Oval City, Tennessee. The numbers don't lie, and despite a semiconductor shortage, there's no shortage of buyers seeking Ford vehicles. The momentum is sure to continue, especially as Ford manages its partnership with GlobalFoundries and continues to make strides to outpace Tesla and Apple.\nWhile we continue to see vehicles generated by Ford, we have yet to see the release of an actual Apple EV. Tesla, on the other hand, the pioneer of the electric vehicle, continues to showcase why their cutting-edge battery technology is rated the best car in its class. It's no secret that Tesla continues to build cars for more and more people, making products accessible and affordable while also bridging the gap towards clean transport and renewable energy.\nImage Source: Model S\nWe feel Ford's biggest contender in the EV space is Tesla, and Ford also contends that it will be the No. 2 EV producer in two years. Following a Ford EPS of $0.51 beats by $0.24 and 19 FY1 Up Revisions in the last 90 days, it's no wonder Ford is neck-to-neck with its competitors on Profitability with A+ ratings. Ford's continued strength indicates why Jim Farley, Ford CEO during the Q3 Earnings Call, said, \"We're moving aggressively to lead the electric vehicle revolution, substantially expanding our battery production as we speak today in the U.S. In fact, we already announced plans that will give us enough battery production to meet our mid-decade goal of 141 gigawatts, which is enough to build more than 1 million battery electric vehicles a year, and I think we'll need more.\"\nFORD EARNINGS AND REVISIONS\nSource: Seeking Alpha Premium\nFord, Tesla, and Apple Momentum\nEach of the stocks, Ford, Tesla, and Apple continue to put their money where they believe there is an upside. Momentum is a successful trading strategy in which investors buy rising stocks and sell as they're retreating, and it is a vital factor for predicting stock price performance for those wanting to hold long term.\nInvestor confidence remains high in the EV space, with each stock exhibiting A or better Momentum Grades. Year-to-date, Ford has remained up 57.27% over the previous three months while the sector is down nearly 5%. Tesla is up 30% and Apple more than 17%.\nSource: Seeking Alpha Premium\nSource: Seeking Alpha Premium\nSource: Seeking Alpha Premium\nConclusion: FordIsBuilt Tough and an EV Stock To Watch\nElectric Vehicle stocks can make a great return on investment, especially if you can identify those with fair valuations, excellent fundamentals and capitalize on their growth and momentum. In addition, sectors linked to EVs like semiconductors can also be great stock picks. In the current environment, where each of these stock picks offers a good balance of growth and value, it's a great play to diversify your portfolio and ride the EV and semiconductor wave. With the better valuation and continued advancements and momentum, we believe that Ford is the most opportune of the EV stock picks, but it's up to you to decide for yourself.","news_type":1,"symbols_score_info":{"AAPL":0.9,"TSLA":0.9,"F":0.9}},"isVote":1,"tweetType":1,"viewCount":3330,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":604937781,"gmtCreate":1639304151090,"gmtModify":1639304379218,"author":{"id":"3583033675115574","authorId":"3583033675115574","name":"hellodarz888","avatar":"https://static.tigerbbs.com/4e5f7fa39ea3c821aa8099f517287dcb","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583033675115574","idStr":"3583033675115574"},"themes":[],"title":"","htmlText":"Really?","listText":"Really?","text":"Really?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/604937781","repostId":"2190679207","repostType":4,"isVote":1,"tweetType":1,"viewCount":3358,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":604937267,"gmtCreate":1639304135040,"gmtModify":1639304378842,"author":{"id":"3583033675115574","authorId":"3583033675115574","name":"hellodarz888","avatar":"https://static.tigerbbs.com/4e5f7fa39ea3c821aa8099f517287dcb","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583033675115574","idStr":"3583033675115574"},"themes":[],"title":"","htmlText":"Gogogo","listText":"Gogogo","text":"Gogogo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/604937267","repostId":"2190992671","repostType":4,"isVote":1,"tweetType":1,"viewCount":2839,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":604937166,"gmtCreate":1639304091674,"gmtModify":1639304091849,"author":{"id":"3583033675115574","authorId":"3583033675115574","name":"hellodarz888","avatar":"https://static.tigerbbs.com/4e5f7fa39ea3c821aa8099f517287dcb","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583033675115574","idStr":"3583033675115574"},"themes":[],"title":"","htmlText":"Gogogo","listText":"Gogogo","text":"Gogogo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/604937166","repostId":"2190567199","repostType":4,"isVote":1,"tweetType":1,"viewCount":3579,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":604937348,"gmtCreate":1639304078367,"gmtModify":1639304078541,"author":{"id":"3583033675115574","authorId":"3583033675115574","name":"hellodarz888","avatar":"https://static.tigerbbs.com/4e5f7fa39ea3c821aa8099f517287dcb","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583033675115574","idStr":"3583033675115574"},"themes":[],"title":"","htmlText":"Lets go","listText":"Lets go","text":"Lets go","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/604937348","repostId":"2190719536","repostType":4,"isVote":1,"tweetType":1,"viewCount":3248,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":605441260,"gmtCreate":1639232129750,"gmtModify":1639232129945,"author":{"id":"3583033675115574","authorId":"3583033675115574","name":"hellodarz888","avatar":"https://static.tigerbbs.com/4e5f7fa39ea3c821aa8099f517287dcb","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583033675115574","idStr":"3583033675115574"},"themes":[],"title":"","htmlText":"well just doyd and everyone will judge and decide on their own","listText":"well just doyd and everyone will judge and decide on their own","text":"well just doyd and everyone will judge and decide on their own","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/605441260","repostId":"608569862","repostType":1,"repost":{"id":608569862,"gmtCreate":1638759705699,"gmtModify":1672988676121,"author":{"id":"3568767702338736","authorId":"3568767702338736","name":"skjfhdn","avatar":"https://static.tigerbbs.com/c55ecd408fadb198176c759d6ca7af74","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568767702338736","idStr":"3568767702338736"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/09988\">$阿里巴巴-SW(09988)$</a>我来给做多一点安慰话吧，这个价位根本不用担心，只要不杠杠坚持，为什么大家一直骂阿里，因为大家都觉得现在股价严重低估了，持有的人肯定不会在这个低价位卖出，做空的人和机构也懂，这个价位机会肯定比其他股要低、风险要大，加上证监委辟谣，很可能会把回笼资金投资其他，这个时候很多人应该还在等入金补仓吧，想建仓的也蠢蠢欲动，毕竟这个价位在跌10%也能接受，持仓的有资金还是会加注，空头也在车场，至少我是我也不怕，剩下就是时间了[开心]&nbsp;别人恐惧我就是贪婪.","listText":"<a href=\"https://laohu8.com/S/09988\">$阿里巴巴-SW(09988)$</a>我来给做多一点安慰话吧，这个价位根本不用担心，只要不杠杠坚持，为什么大家一直骂阿里，因为大家都觉得现在股价严重低估了，持有的人肯定不会在这个低价位卖出，做空的人和机构也懂，这个价位机会肯定比其他股要低、风险要大，加上证监委辟谣，很可能会把回笼资金投资其他，这个时候很多人应该还在等入金补仓吧，想建仓的也蠢蠢欲动，毕竟这个价位在跌10%也能接受，持仓的有资金还是会加注，空头也在车场，至少我是我也不怕，剩下就是时间了[开心]&nbsp;别人恐惧我就是贪婪.","text":"$阿里巴巴-SW(09988)$我来给做多一点安慰话吧，这个价位根本不用担心，只要不杠杠坚持，为什么大家一直骂阿里，因为大家都觉得现在股价严重低估了，持有的人肯定不会在这个低价位卖出，做空的人和机构也懂，这个价位机会肯定比其他股要低、风险要大，加上证监委辟谣，很可能会把回笼资金投资其他，这个时候很多人应该还在等入金补仓吧，想建仓的也蠢蠢欲动，毕竟这个价位在跌10%也能接受，持仓的有资金还是会加注，空头也在车场，至少我是我也不怕，剩下就是时间了[开心] 别人恐惧我就是贪婪.","images":[{"img":"https://static.tigerbbs.com/63b89d113b4c556be302106e37098ae5","width":"1125","height":"2436"}],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/608569862","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":1,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":3725,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":605896289,"gmtCreate":1639140939990,"gmtModify":1639140940165,"author":{"id":"3583033675115574","authorId":"3583033675115574","name":"hellodarz888","avatar":"https://static.tigerbbs.com/4e5f7fa39ea3c821aa8099f517287dcb","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583033675115574","idStr":"3583033675115574"},"themes":[],"title":"","htmlText":"Very safe","listText":"Very safe","text":"Very safe","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/605896289","repostId":"608213624","repostType":1,"repost":{"id":608213624,"gmtCreate":1638747696996,"gmtModify":1638761698903,"author":{"id":"3572169877280950","authorId":"3572169877280950","name":"EWCYS","avatar":"https://static.tigerbbs.com/bbbebe152cb508a6c3a88a3b4ed08d74","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572169877280950","idStr":"3572169877280950"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/AAPL\">$Apple(AAPL)$</a>An Apple a day, keeps the doctor away! Even in this pandemic [Happy]&nbsp;","listText":"<a href=\"https://laohu8.com/S/AAPL\">$Apple(AAPL)$</a>An Apple a day, keeps the doctor away! Even in this pandemic [Happy]&nbsp;","text":"$Apple(AAPL)$An Apple a day, keeps the doctor away! Even in this pandemic [Happy]","images":[{"img":"https://static.tigerbbs.com/90b386a86fd8b7eb05d7b54471038721","width":"1170","height":"2292"}],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/608213624","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":1318,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":608479825,"gmtCreate":1638784403374,"gmtModify":1638784403969,"author":{"id":"3583033675115574","authorId":"3583033675115574","name":"hellodarz888","avatar":"https://static.tigerbbs.com/4e5f7fa39ea3c821aa8099f517287dcb","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583033675115574","idStr":"3583033675115574"},"themes":[],"title":"","htmlText":"Sounds interesting! Safe bet is Meta though&nbsp;","listText":"Sounds interesting! Safe bet is Meta though&nbsp;","text":"Sounds interesting! Safe bet is Meta though","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/608479825","repostId":"2189457105","repostType":4,"isVote":1,"tweetType":1,"viewCount":1685,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":603050324,"gmtCreate":1638343243156,"gmtModify":1638343243390,"author":{"id":"3583033675115574","authorId":"3583033675115574","name":"hellodarz888","avatar":"https://static.tigerbbs.com/4e5f7fa39ea3c821aa8099f517287dcb","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583033675115574","idStr":"3583033675115574"},"themes":[],"title":"","htmlText":"Lets see. In times of uncertainty there are many change of mind!","listText":"Lets see. In times of uncertainty there are many change of mind!","text":"Lets see. In times of uncertainty there are many change of mind!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/603050324","repostId":"1125420473","repostType":4,"repost":{"id":"1125420473","kind":"news","pubTimestamp":1638343090,"share":"https://www.laohunote.com/m/news/1125420473?lang=zh_CN&edition=full","pubTime":"2021-12-01 15:18","market":"us","language":"en","title":"Hawkish Powell Is a Force Markets Haven’t Faced in Three Years<blockquote>鹰派鲍威尔是市场三年来从未面临过的力量</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1125420473","media":"Bloomberg","summary":"Fed Chair shows openness to faster tapering amid inflation\nAlmost disregarding how the markets may t","content":"<p><ul>  <li>Fed Chair shows openness to faster tapering amid inflation</li>  <li>Almost disregarding how the markets may take shift: Gokhman</li> </ul> Jerome Powell’s appetite for a faster tapering of Federal Reserve stimulus is casting him in a role financial markets haven’t seen since 2018: hawk.</p><p><blockquote><ul><li>美联储主席对在通胀背景下加快缩减规模持开放态度</li><li>几乎无视市场可能如何变化：戈克曼</li></ul>杰罗姆-鲍威尔（Jerome Powell）希望美联储更快地缩减刺激措施，这让他扮演了金融市场自2018年以来从未见过的角色：鹰派。</blockquote></p><p> Stocks slid, short-term interest rates rose and measures of equity volatility surged Tuesday after the central bank chairman warned that elevated inflation could justify ending asset purchases sooner than planned. Buffeted also by anxiety around the coronavirus, the S&amp;P 500 just endured its worst stretch of turbulence in more than a year.</p><p><blockquote>周二，在央行主席警告称，通胀上升可能证明提前结束资产购买是合理的后，股市下跌，短期利率上升，股票波动性指标飙升。同样受到冠状病毒焦虑的打击，标普500刚刚经历了一年多来最严重的动荡。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/b2d5bd17de914fbbf22bb4ea49cf81a6\" tg-width=\"1200\" tg-height=\"675\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> For investors, an urgent question becomes whether Tuesday’s congressional testimony was a watershed moment for the monetary policies that have helped the S&amp;P 500 effectively to double since Christmas 2018. That’s when Powell’s last big pivot occurred -- the dismantling of interest-rate hikes that made the fourth quarter of that year one of the worst for equities ever.</p><p><blockquote>对于投资者来说，一个紧迫的问题是，周二的国会证词是否是货币政策的分水岭，自2018年圣诞节以来，货币政策帮助标普500有效地翻了一番。就在那时，鲍威尔的最后一次重大转变发生了--取消加息政策，使当年第四季度成为股市有史以来最糟糕的季度之一。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/88fc7a181d9339e7ea64f3ed6864ca31\" tg-width=\"2000\" tg-height=\"1333\" width=\"100%\" height=\"auto\"><span>Jerome Powell on Nov. 30.Photographer: Al Drago/Bloomberg</span></p><p><blockquote><p class=\"t-img-caption\"><span>杰罗姆·鲍威尔 (Jerome Powell) 11 月 30 日。摄影师：Al Drago/彭博社</span></p></blockquote></p><p> “Not only is he speaking in a more hawkish tone, but he’s dropping major policy implications almost without regard to how the markets may take them,” said Max Gokhman, chief investment officer at AlphaTrAI. “All of the predictability he’s previously tried to cultivate in terms of taper and liftoff scheduling is in question.”</p><p><blockquote>“AlphaTrAI 首席投资官马克斯-戈克曼（Max Gokhman）说：”他不仅说话的语气更加鹰派，而且几乎不考虑市场可能如何看待重大政策影响。“他之前试图在缩减和升空调度方面培养的所有可预测性都受到了质疑”。</blockquote></p><p> Missing from Powell’s script Tuesday was the sense of deliberation that has defined his message ever since transforming from hawk to dove at the end of 2018.</p><p><blockquote>鲍威尔周二的剧本中缺少的是自2018年底从鹰派转变为鸽派以来定义他信息的深思熟虑感。</blockquote></p><p> While it remains to be seen how radical a shift is at play now, the change in tone was unmistakable in markets that have heard virtually nothing but encouraging words from the Fed since 2018. Investors now find themselves potentially at the mercy of economic reports that have painted an increasingly bleak picture of inflation.</p><p><blockquote>虽然现在的转变有多彻底还有待观察，但在自 2018 年以来几乎只听到美联储鼓励言论的市场中，语气的变化是明确无误的。投资者现在发现自己可能会受到经济报告的摆布，这些报告描绘了一幅日益黯淡的通胀图景。</blockquote></p><p> “Markets will be very reactive to the data, probably over-reactive,” said Michael Kantrowitz, head of portfolio strategy at Cornerstone Macro. “There is a lot of fog we need to get through.”</p><p><blockquote>“Cornerstone Macro 投资组合策略主管迈克尔-坎特罗维茨（Michael Kantrowitz）说：”市场将对数据做出非常大的反应，甚至可能反应过度。“我们需要穿过很多雾”。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/e5124bfa00531c3d11bda682f5a37112\" tg-width=\"1200\" tg-height=\"675\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Since the start of his tenure as Fed chair in February 2018, Powell has gone out of his way to redefine the way the central bank looks at both its employment and inflation mandates, letting price increases accelerate past prior targets in the interest of getting more of the population back to work and at higher-paying jobs. At virtually every turn, markets cheered his dovishness, extending the Treasuries bull run and powering heady returns in stocks.</p><p><blockquote>自 2018 年 2 月开始担任美联储主席以来，鲍威尔竭尽全力重新定义央行看待就业和通胀任务的方式，让物价上涨加速超过之前的目标，以便让更多的人重返工作岗位并从事高薪工作。几乎在每一个转折点，市场都为他的鸽派欢呼，延长了美国国债的牛市，并推动了令人兴奋的股票回报。</blockquote></p><p> Now, Powell is suggesting the inflation target has been met. If the job recovery continues, he’s effectively prepared to usher in higher interest rates, according to Neil Dutta, head of U.S. economics at Renaissance Macro.</p><p><blockquote>现在，鲍威尔暗示通胀目标已经实现。文艺复兴宏观公司（Renaissance Macro）美国经济主管尼尔-杜塔（Neil Dutta）认为，如果就业持续复苏，他实际上已经准备好迎接更高的利率。</blockquote></p><p> Powell “is opening the door to an earlier rate hike by signaling a sooner end to taper,” Dutta said. “The risk to markets would be if the Fed started tightening well before the employment goals were achieved. That is not happening right now. Between now and the time the tapering is done, employment will continue accelerating.”</p><p><blockquote>杜塔说，鲍威尔 “通过发出提前结束缩减加息的信号，为提前加息打开了大门”。“如果美联储在就业目标实现之前就开始收紧货币政策，市场面临的风险将是。现在还没有发生这种情况。从现在到缩减规模结束，就业将继续加速。”</blockquote></p><p> Not that the Powell Fed has turned overtly hawkish -- yet. Even if asset purchases are wound down, each still represents additional fuel for the economy. And Powell hasn’t yet set a schedule for raising rates, though an earlier taper could bring hikes sooner than expected.</p><p><blockquote>鲍威尔领导的美联储还没有变得公开强硬。即使资产购买逐渐减少，每笔资产购买仍然代表着经济的额外燃料。鲍威尔尚未确定加息时间表，不过提前缩减加息可能会比预期更早带来加息。</blockquote></p><p> Higher rates haven’t always snuffed out bull markets. The S&amp;P 500 rose an average 5.3% in the 12 months following the first increase in 17 tightenings since 1946, according to a Ned Davis Research study on market returns and monetary policy. The pace of tightening, however, makes a stark difference: The equity benchmark fell 2.7% on average during faster rate hikes while rising 11% during slow ones.</p><p><blockquote>较高的利率并不总是扼杀牛市。根据 Ned Davis 对市场回报和货币政策的研究，标普500在 1946 年以来 17 次紧缩政策中首次上涨后的 12 个月内平均上涨 5.3%。然而，紧缩的步伐产生了明显的差异：在加息较快期间，股票基准平均下跌 2.7%，而在加息较慢期间则上涨 11%。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9b680b0eac04bbedb86fd3a24f8dd481\" tg-width=\"672\" tg-height=\"533\" width=\"100%\" height=\"auto\"><span>Credit: Ned Davis Research Source: Bloomberg</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：内德·戴维斯研究 资料来源：彭博社</span></p></blockquote></p><p> To some, Powell is simply catching up with the reality that emergency measures are no longer needed amid a booming economy. Critics including former U.S. Treasury Secretary&nbsp;Larry Summers&nbsp;has urged the Fed to tap the brakes on economic stimulus sooner than planned to avoid inflation getting out of hand.</p><p><blockquote>对一些人来说，鲍威尔只是在赶上一个现实，即在蓬勃发展的经济中不再需要紧急措施。包括美国前财政部长拉里·萨默斯在内的批评人士敦促美联储提前踩下经济刺激的刹车，以避免通胀失控。</blockquote></p><p></p><p> Investors are also aware of Powell’s history of giving in to markets when their verdict is severe. In October 2018, he famously said that despite several increases, policy rates remained “a long way” from neutral and that financial conditions were “accommodative.” Three months later, with the S&amp;P 500 points away from a 20% plunge, he reversed course, saying the central bank was flexible and that officials were “listening carefully” to the financial markets. He repeated thedelicate danceagain in the summer of 2019, when comments about a mid-cycle adjustment sent stocks tanking.</p><p><blockquote>投资者也知道鲍威尔在做出严厉判决时会向市场屈服的历史。2018 年 10 月，他曾说过一句名言，尽管政策利率多次上调，但距离中性仍有 “很长的路要走”，金融状况是 “宽松的”。三个月后，当标普500距离暴跌 20% 时，他改变了方针，称央行很灵活，官员们正在 “认真倾听 ”金融市场的声音。2019 年夏天，当有关周期中期调整的评论导致股市暴跌时，他再次重复了这一微妙的舞蹈。</blockquote></p><p> “The market was spooked and within a few days, he walked it back. He still has that option,” Zhiwei Ren, portfolio manager at Penn Mutual Asset Management, said by phone. “I wouldn’t be surprised if he does the same thing if the market gets too volatile for him.”</p><p><blockquote>“宾夕法尼亚互助资产管理公司（Penn Mutual Asset Management）的投资组合经理任志伟（Zhiwei Ren）在电话中说：”市场受到了惊吓，几天之内，他就收回了市场。“如果市场对他来说太不稳定，如果他做同样的事情，我不会感到惊讶”。</blockquote></p><p> Watching Tuesday’s testimony, Gokhman at AlphaTrAI was reminded of the 1980s comedy horror “Gremlins” in which a cute pet morphs into a monster wreaking havoc on a small town.</p><p><blockquote>在观看周二的证词时，AlphaTrAI 的 Gokhman 想起了 20 世纪 80 年代的喜剧恐怖片《小精灵》，片中一只可爱的宠物变成了一个在小镇上肆虐的怪物。</blockquote></p><p> “Powell started out as this fuzzy character here to cuddle investors -- but now it looks like somebody fed him after midnight,” he said. “Maybe getting renominated for a Fed chair is like pouring water on the Gremlin,” said Gokhman, referencing a plotline in the movie that allows the Gremlins to replicate out of control.</p><p><blockquote>“他说：”鲍威尔一开始只是一个模糊的角色，只是为了拥抱投资者--但现在看来，有人在午夜后喂了他。“戈克曼说：”也许再次被提名为美联储主席就像给小妖精泼水一样，他指的是电影中的一个情节，这个情节让小妖精失控地复制。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHawkish Powell Is a Force Markets Haven’t Faced in Three Years<blockquote>鹰派鲍威尔是市场三年来从未面临过的力量</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Bloomberg</strong><span class=\"h-time small\">2021-12-01 15:18</span>\n</p>\n</h4>\n</header>\n<article>\n<p><ul>  <li>Fed Chair shows openness to faster tapering amid inflation</li>  <li>Almost disregarding how the markets may take shift: Gokhman</li> </ul> Jerome Powell’s appetite for a faster tapering of Federal Reserve stimulus is casting him in a role financial markets haven’t seen since 2018: hawk.</p><p><blockquote><ul><li>美联储主席对在通胀背景下加快缩减规模持开放态度</li><li>几乎无视市场可能如何变化：戈克曼</li></ul>杰罗姆-鲍威尔（Jerome Powell）希望美联储更快地缩减刺激措施，这让他扮演了金融市场自2018年以来从未见过的角色：鹰派。</blockquote></p><p> Stocks slid, short-term interest rates rose and measures of equity volatility surged Tuesday after the central bank chairman warned that elevated inflation could justify ending asset purchases sooner than planned. Buffeted also by anxiety around the coronavirus, the S&amp;P 500 just endured its worst stretch of turbulence in more than a year.</p><p><blockquote>周二，在央行主席警告称，通胀上升可能证明提前结束资产购买是合理的后，股市下跌，短期利率上升，股票波动性指标飙升。同样受到冠状病毒焦虑的打击，标普500刚刚经历了一年多来最严重的动荡。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/b2d5bd17de914fbbf22bb4ea49cf81a6\" tg-width=\"1200\" tg-height=\"675\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> For investors, an urgent question becomes whether Tuesday’s congressional testimony was a watershed moment for the monetary policies that have helped the S&amp;P 500 effectively to double since Christmas 2018. That’s when Powell’s last big pivot occurred -- the dismantling of interest-rate hikes that made the fourth quarter of that year one of the worst for equities ever.</p><p><blockquote>对于投资者来说，一个紧迫的问题是，周二的国会证词是否是货币政策的分水岭，自2018年圣诞节以来，货币政策帮助标普500有效地翻了一番。就在那时，鲍威尔的最后一次重大转变发生了--取消加息政策，使当年第四季度成为股市有史以来最糟糕的季度之一。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/88fc7a181d9339e7ea64f3ed6864ca31\" tg-width=\"2000\" tg-height=\"1333\" width=\"100%\" height=\"auto\"><span>Jerome Powell on Nov. 30.Photographer: Al Drago/Bloomberg</span></p><p><blockquote><p class=\"t-img-caption\"><span>杰罗姆·鲍威尔 (Jerome Powell) 11 月 30 日。摄影师：Al Drago/彭博社</span></p></blockquote></p><p> “Not only is he speaking in a more hawkish tone, but he’s dropping major policy implications almost without regard to how the markets may take them,” said Max Gokhman, chief investment officer at AlphaTrAI. “All of the predictability he’s previously tried to cultivate in terms of taper and liftoff scheduling is in question.”</p><p><blockquote>“AlphaTrAI 首席投资官马克斯-戈克曼（Max Gokhman）说：”他不仅说话的语气更加鹰派，而且几乎不考虑市场可能如何看待重大政策影响。“他之前试图在缩减和升空调度方面培养的所有可预测性都受到了质疑”。</blockquote></p><p> Missing from Powell’s script Tuesday was the sense of deliberation that has defined his message ever since transforming from hawk to dove at the end of 2018.</p><p><blockquote>鲍威尔周二的剧本中缺少的是自2018年底从鹰派转变为鸽派以来定义他信息的深思熟虑感。</blockquote></p><p> While it remains to be seen how radical a shift is at play now, the change in tone was unmistakable in markets that have heard virtually nothing but encouraging words from the Fed since 2018. Investors now find themselves potentially at the mercy of economic reports that have painted an increasingly bleak picture of inflation.</p><p><blockquote>虽然现在的转变有多彻底还有待观察，但在自 2018 年以来几乎只听到美联储鼓励言论的市场中，语气的变化是明确无误的。投资者现在发现自己可能会受到经济报告的摆布，这些报告描绘了一幅日益黯淡的通胀图景。</blockquote></p><p> “Markets will be very reactive to the data, probably over-reactive,” said Michael Kantrowitz, head of portfolio strategy at Cornerstone Macro. “There is a lot of fog we need to get through.”</p><p><blockquote>“Cornerstone Macro 投资组合策略主管迈克尔-坎特罗维茨（Michael Kantrowitz）说：”市场将对数据做出非常大的反应，甚至可能反应过度。“我们需要穿过很多雾”。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/e5124bfa00531c3d11bda682f5a37112\" tg-width=\"1200\" tg-height=\"675\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Since the start of his tenure as Fed chair in February 2018, Powell has gone out of his way to redefine the way the central bank looks at both its employment and inflation mandates, letting price increases accelerate past prior targets in the interest of getting more of the population back to work and at higher-paying jobs. At virtually every turn, markets cheered his dovishness, extending the Treasuries bull run and powering heady returns in stocks.</p><p><blockquote>自 2018 年 2 月开始担任美联储主席以来，鲍威尔竭尽全力重新定义央行看待就业和通胀任务的方式，让物价上涨加速超过之前的目标，以便让更多的人重返工作岗位并从事高薪工作。几乎在每一个转折点，市场都为他的鸽派欢呼，延长了美国国债的牛市，并推动了令人兴奋的股票回报。</blockquote></p><p> Now, Powell is suggesting the inflation target has been met. If the job recovery continues, he’s effectively prepared to usher in higher interest rates, according to Neil Dutta, head of U.S. economics at Renaissance Macro.</p><p><blockquote>现在，鲍威尔暗示通胀目标已经实现。文艺复兴宏观公司（Renaissance Macro）美国经济主管尼尔-杜塔（Neil Dutta）认为，如果就业持续复苏，他实际上已经准备好迎接更高的利率。</blockquote></p><p> Powell “is opening the door to an earlier rate hike by signaling a sooner end to taper,” Dutta said. “The risk to markets would be if the Fed started tightening well before the employment goals were achieved. That is not happening right now. Between now and the time the tapering is done, employment will continue accelerating.”</p><p><blockquote>杜塔说，鲍威尔 “通过发出提前结束缩减加息的信号，为提前加息打开了大门”。“如果美联储在就业目标实现之前就开始收紧货币政策，市场面临的风险将是。现在还没有发生这种情况。从现在到缩减规模结束，就业将继续加速。”</blockquote></p><p> Not that the Powell Fed has turned overtly hawkish -- yet. Even if asset purchases are wound down, each still represents additional fuel for the economy. And Powell hasn’t yet set a schedule for raising rates, though an earlier taper could bring hikes sooner than expected.</p><p><blockquote>鲍威尔领导的美联储还没有变得公开强硬。即使资产购买逐渐减少，每笔资产购买仍然代表着经济的额外燃料。鲍威尔尚未确定加息时间表，不过提前缩减加息可能会比预期更早带来加息。</blockquote></p><p> Higher rates haven’t always snuffed out bull markets. The S&amp;P 500 rose an average 5.3% in the 12 months following the first increase in 17 tightenings since 1946, according to a Ned Davis Research study on market returns and monetary policy. The pace of tightening, however, makes a stark difference: The equity benchmark fell 2.7% on average during faster rate hikes while rising 11% during slow ones.</p><p><blockquote>较高的利率并不总是扼杀牛市。根据 Ned Davis 对市场回报和货币政策的研究，标普500在 1946 年以来 17 次紧缩政策中首次上涨后的 12 个月内平均上涨 5.3%。然而，紧缩的步伐产生了明显的差异：在加息较快期间，股票基准平均下跌 2.7%，而在加息较慢期间则上涨 11%。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9b680b0eac04bbedb86fd3a24f8dd481\" tg-width=\"672\" tg-height=\"533\" width=\"100%\" height=\"auto\"><span>Credit: Ned Davis Research Source: Bloomberg</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：内德·戴维斯研究 资料来源：彭博社</span></p></blockquote></p><p> To some, Powell is simply catching up with the reality that emergency measures are no longer needed amid a booming economy. Critics including former U.S. Treasury Secretary&nbsp;Larry Summers&nbsp;has urged the Fed to tap the brakes on economic stimulus sooner than planned to avoid inflation getting out of hand.</p><p><blockquote>对一些人来说，鲍威尔只是在赶上一个现实，即在蓬勃发展的经济中不再需要紧急措施。包括美国前财政部长拉里·萨默斯在内的批评人士敦促美联储提前踩下经济刺激的刹车，以避免通胀失控。</blockquote></p><p></p><p> Investors are also aware of Powell’s history of giving in to markets when their verdict is severe. In October 2018, he famously said that despite several increases, policy rates remained “a long way” from neutral and that financial conditions were “accommodative.” Three months later, with the S&amp;P 500 points away from a 20% plunge, he reversed course, saying the central bank was flexible and that officials were “listening carefully” to the financial markets. He repeated thedelicate danceagain in the summer of 2019, when comments about a mid-cycle adjustment sent stocks tanking.</p><p><blockquote>投资者也知道鲍威尔在做出严厉判决时会向市场屈服的历史。2018 年 10 月，他曾说过一句名言，尽管政策利率多次上调，但距离中性仍有 “很长的路要走”，金融状况是 “宽松的”。三个月后，当标普500距离暴跌 20% 时，他改变了方针，称央行很灵活，官员们正在 “认真倾听 ”金融市场的声音。2019 年夏天，当有关周期中期调整的评论导致股市暴跌时，他再次重复了这一微妙的舞蹈。</blockquote></p><p> “The market was spooked and within a few days, he walked it back. He still has that option,” Zhiwei Ren, portfolio manager at Penn Mutual Asset Management, said by phone. “I wouldn’t be surprised if he does the same thing if the market gets too volatile for him.”</p><p><blockquote>“宾夕法尼亚互助资产管理公司（Penn Mutual Asset Management）的投资组合经理任志伟（Zhiwei Ren）在电话中说：”市场受到了惊吓，几天之内，他就收回了市场。“如果市场对他来说太不稳定，如果他做同样的事情，我不会感到惊讶”。</blockquote></p><p> Watching Tuesday’s testimony, Gokhman at AlphaTrAI was reminded of the 1980s comedy horror “Gremlins” in which a cute pet morphs into a monster wreaking havoc on a small town.</p><p><blockquote>在观看周二的证词时，AlphaTrAI 的 Gokhman 想起了 20 世纪 80 年代的喜剧恐怖片《小精灵》，片中一只可爱的宠物变成了一个在小镇上肆虐的怪物。</blockquote></p><p> “Powell started out as this fuzzy character here to cuddle investors -- but now it looks like somebody fed him after midnight,” he said. “Maybe getting renominated for a Fed chair is like pouring water on the Gremlin,” said Gokhman, referencing a plotline in the movie that allows the Gremlins to replicate out of control.</p><p><blockquote>“他说：”鲍威尔一开始只是一个模糊的角色，只是为了拥抱投资者--但现在看来，有人在午夜后喂了他。“戈克曼说：”也许再次被提名为美联储主席就像给小妖精泼水一样，他指的是电影中的一个情节，这个情节让小妖精失控地复制。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.bloomberg.com/news/articles/2021-11-30/hawkish-powell-is-a-force-markets-haven-t-faced-in-three-years\">Bloomberg</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://www.bloomberg.com/news/articles/2021-11-30/hawkish-powell-is-a-force-markets-haven-t-faced-in-three-years","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1125420473","content_text":"Fed Chair shows openness to faster tapering amid inflation\nAlmost disregarding how the markets may take shift: Gokhman\n\nJerome Powell’s appetite for a faster tapering of Federal Reserve stimulus is casting him in a role financial markets haven’t seen since 2018: hawk.\nStocks slid, short-term interest rates rose and measures of equity volatility surged Tuesday after the central bank chairman warned that elevated inflation could justify ending asset purchases sooner than planned. Buffeted also by anxiety around the coronavirus, the S&P 500 just endured its worst stretch of turbulence in more than a year.\n\nFor investors, an urgent question becomes whether Tuesday’s congressional testimony was a watershed moment for the monetary policies that have helped the S&P 500 effectively to double since Christmas 2018. That’s when Powell’s last big pivot occurred -- the dismantling of interest-rate hikes that made the fourth quarter of that year one of the worst for equities ever.\nJerome Powell on Nov. 30.Photographer: Al Drago/Bloomberg\n“Not only is he speaking in a more hawkish tone, but he’s dropping major policy implications almost without regard to how the markets may take them,” said Max Gokhman, chief investment officer at AlphaTrAI. “All of the predictability he’s previously tried to cultivate in terms of taper and liftoff scheduling is in question.”\nMissing from Powell’s script Tuesday was the sense of deliberation that has defined his message ever since transforming from hawk to dove at the end of 2018.\nWhile it remains to be seen how radical a shift is at play now, the change in tone was unmistakable in markets that have heard virtually nothing but encouraging words from the Fed since 2018. Investors now find themselves potentially at the mercy of economic reports that have painted an increasingly bleak picture of inflation.\n“Markets will be very reactive to the data, probably over-reactive,” said Michael Kantrowitz, head of portfolio strategy at Cornerstone Macro. “There is a lot of fog we need to get through.”\n\nSince the start of his tenure as Fed chair in February 2018, Powell has gone out of his way to redefine the way the central bank looks at both its employment and inflation mandates, letting price increases accelerate past prior targets in the interest of getting more of the population back to work and at higher-paying jobs. At virtually every turn, markets cheered his dovishness, extending the Treasuries bull run and powering heady returns in stocks.\nNow, Powell is suggesting the inflation target has been met. If the job recovery continues, he’s effectively prepared to usher in higher interest rates, according to Neil Dutta, head of U.S. economics at Renaissance Macro.\nPowell “is opening the door to an earlier rate hike by signaling a sooner end to taper,” Dutta said. “The risk to markets would be if the Fed started tightening well before the employment goals were achieved. That is not happening right now. Between now and the time the tapering is done, employment will continue accelerating.”\nNot that the Powell Fed has turned overtly hawkish -- yet. Even if asset purchases are wound down, each still represents additional fuel for the economy. And Powell hasn’t yet set a schedule for raising rates, though an earlier taper could bring hikes sooner than expected.\nHigher rates haven’t always snuffed out bull markets. The S&P 500 rose an average 5.3% in the 12 months following the first increase in 17 tightenings since 1946, according to a Ned Davis Research study on market returns and monetary policy. The pace of tightening, however, makes a stark difference: The equity benchmark fell 2.7% on average during faster rate hikes while rising 11% during slow ones.\nCredit: Ned Davis Research Source: Bloomberg\nTo some, Powell is simply catching up with the reality that emergency measures are no longer needed amid a booming economy. Critics including former U.S. Treasury Secretary Larry Summers has urged the Fed to tap the brakes on economic stimulus sooner than planned to avoid inflation getting out of hand.\nInvestors are also aware of Powell’s history of giving in to markets when their verdict is severe. In October 2018, he famously said that despite several increases, policy rates remained “a long way” from neutral and that financial conditions were “accommodative.” Three months later, with the S&P 500 points away from a 20% plunge, he reversed course, saying the central bank was flexible and that officials were “listening carefully” to the financial markets. He repeated thedelicate danceagain in the summer of 2019, when comments about a mid-cycle adjustment sent stocks tanking.\n“The market was spooked and within a few days, he walked it back. He still has that option,” Zhiwei Ren, portfolio manager at Penn Mutual Asset Management, said by phone. “I wouldn’t be surprised if he does the same thing if the market gets too volatile for him.”\nWatching Tuesday’s testimony, Gokhman at AlphaTrAI was reminded of the 1980s comedy horror “Gremlins” in which a cute pet morphs into a monster wreaking havoc on a small town.\n“Powell started out as this fuzzy character here to cuddle investors -- but now it looks like somebody fed him after midnight,” he said. “Maybe getting renominated for a Fed chair is like pouring water on the Gremlin,” said Gokhman, referencing a plotline in the movie that allows the Gremlins to replicate out of control.","news_type":1,"symbols_score_info":{".DJI":0.9,".SPX":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":1295,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":603027728,"gmtCreate":1638343182217,"gmtModify":1638343182475,"author":{"id":"3583033675115574","authorId":"3583033675115574","name":"hellodarz888","avatar":"https://static.tigerbbs.com/4e5f7fa39ea3c821aa8099f517287dcb","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583033675115574","idStr":"3583033675115574"},"themes":[],"title":"","htmlText":"Too many EV! Is the barrier of entry low?","listText":"Too many EV! Is the barrier of entry low?","text":"Too many EV! Is the barrier of entry low?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/603027728","repostId":"1192477562","repostType":4,"repost":{"id":"1192477562","kind":"news","pubTimestamp":1638342651,"share":"https://www.laohunote.com/m/news/1192477562?lang=zh_CN&edition=full","pubTime":"2021-12-01 15:10","market":"us","language":"en","title":"Chinese Budget-EV Startup Neta Reports 372% Rise In November Deliveries<blockquote>中国经济型电动汽车初创公司 Neta 报告 11 月份交付量增长 372%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1192477562","media":"Benzinga","summary":"Chinese electric vehicle startup Neta Automobile recorded a 23.5% rise in deliveries compared to a m","content":"<p>Chinese electric vehicle startup&nbsp;<b>Neta Automobile</b>&nbsp;recorded&nbsp;a 23.5% rise in deliveries compared to a month ago at 10,013 units in November, cnEVpostreported&nbsp;on Wednesday, citing the company.</p><p><blockquote>中国电动汽车初创公司<b>内塔汽车</b>CNEVPOST 周三援引该公司的话报道称，11 月份交付量较一个月前增长 23.5%，达到 10,013 辆。</blockquote></p><p> <b>What Happened:</b>&nbsp;Neta Automobile, backed by Chinese cybersecurity firm&nbsp;<b>Qihoo 360</b>, reported a 372% increase in deliveries on a year-over-year basis.</p><p><blockquote><b>发生了什么：</b>Neta Automobile，由中国网络安全公司支持<b>奇虎360</b>报告交付量同比增长 372%。</blockquote></p><p> The startup has sold 59,547 electric vehicles so far this year.</p><p><blockquote>今年迄今为止，这家初创公司已售出 59,547 辆电动汽车。</blockquote></p><p> Neta Automobile currently has three models on sale in China — the Neta V, Neta V Pro and the Neta U Pro — which are all priced under $16,000.</p><p><blockquote>Neta Automobile目前在中国有三款车型在售——Neta V、Neta V Pro和Neta U Pro——售价均低于16,000美元。</blockquote></p><p> The company plans to launch another electric vehicle Neta S next year.</p><p><blockquote>该公司计划明年推出另一款电动汽车Neta S。</blockquote></p><p> <b>Why It Matters:</b>&nbsp;China’s electric vehicle market is buzzing, with various players trying out different ends of the market at various price points including Neta’s affordable price points.</p><p><blockquote><b>为什么重要：</b>中国的电动汽车市场正在蓬勃发展，各种参与者都在尝试不同价位的市场不同端，包括 Neta 的平价位。</blockquote></p><p> A $4,500 budget electric car built under a joint venture with&nbsp;<b>General Motors Company</b>&nbsp;outsold&nbsp;<b>TeslaInc’s</b>&nbsp;Model Y and Model 3 sales in China earlier this year.</p><p><blockquote>一款价值 4,500 美元的经济型电动汽车，由与<b>通用汽车公司</b>售罄<b>特斯兰克的</b>Model Y 和 Model 3 今年早些时候在中国销售。</blockquote></p><p> Neta competes with homegrown rivals like&nbsp;<b>Nio Inc</b>&nbsp;and&nbsp;<b>Xpeng Inc</b>.</p><p><blockquote>Neta 与本土竞争对手竞争，例如<b>蔚来公司</b>和<b>小鹏汽车</b>.</blockquote></p><p> China’s new energy passenger vehicle sales are now estimated to reach 2.4 million units this year, compared with 2 million earlier, helped by strength across segments, as per industry reports.</p><p><blockquote>据行业报告显示，受各细分市场实力的推动，今年中国新能源乘用车销量预计将达到 240 万辆，而上一年为 200 万辆。</blockquote></p><p> <b>Price Action:</b>&nbsp;Tesla shares closed 0.68% higher at $1,144.76 a share on Tuesday.</p><p><blockquote><b>价格行为：</b>特斯拉股价周二收盘上涨 0.68%，至每股 1,144.76 美元。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Chinese Budget-EV Startup Neta Reports 372% Rise In November Deliveries<blockquote>中国经济型电动汽车初创公司 Neta 报告 11 月份交付量增长 372%</blockquote></title>\n<style 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}\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\">\nChinese Budget-EV Startup Neta Reports 372% Rise In November Deliveries<blockquote>中国经济型电动汽车初创公司 Neta 报告 11 月份交付量增长 372%</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Benzinga</strong><span class=\"h-time small\">2021-12-01 15:10</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Chinese electric vehicle startup&nbsp;<b>Neta Automobile</b>&nbsp;recorded&nbsp;a 23.5% rise in deliveries compared to a month ago at 10,013 units in November, cnEVpostreported&nbsp;on Wednesday, citing the company.</p><p><blockquote>中国电动汽车初创公司<b>内塔汽车</b>CNEVPOST 周三援引该公司的话报道称，11 月份交付量较一个月前增长 23.5%，达到 10,013 辆。</blockquote></p><p> <b>What Happened:</b>&nbsp;Neta Automobile, backed by Chinese cybersecurity firm&nbsp;<b>Qihoo 360</b>, reported a 372% increase in deliveries on a year-over-year basis.</p><p><blockquote><b>发生了什么：</b>Neta Automobile，由中国网络安全公司支持<b>奇虎360</b>报告交付量同比增长 372%。</blockquote></p><p> The startup has sold 59,547 electric vehicles so far this year.</p><p><blockquote>今年迄今为止，这家初创公司已售出 59,547 辆电动汽车。</blockquote></p><p> Neta Automobile currently has three models on sale in China — the Neta V, Neta V Pro and the Neta U Pro — which are all priced under $16,000.</p><p><blockquote>Neta Automobile目前在中国有三款车型在售——Neta V、Neta V Pro和Neta U Pro——售价均低于16,000美元。</blockquote></p><p> The company plans to launch another electric vehicle Neta S next year.</p><p><blockquote>该公司计划明年推出另一款电动汽车Neta S。</blockquote></p><p> <b>Why It Matters:</b>&nbsp;China’s electric vehicle market is buzzing, with various players trying out different ends of the market at various price points including Neta’s affordable price points.</p><p><blockquote><b>为什么重要：</b>中国的电动汽车市场正在蓬勃发展，各种参与者都在尝试不同价位的市场不同端，包括 Neta 的平价位。</blockquote></p><p> A $4,500 budget electric car built under a joint venture with&nbsp;<b>General Motors Company</b>&nbsp;outsold&nbsp;<b>TeslaInc’s</b>&nbsp;Model Y and Model 3 sales in China earlier this year.</p><p><blockquote>一款价值 4,500 美元的经济型电动汽车，由与<b>通用汽车公司</b>售罄<b>特斯兰克的</b>Model Y 和 Model 3 今年早些时候在中国销售。</blockquote></p><p> Neta competes with homegrown rivals like&nbsp;<b>Nio Inc</b>&nbsp;and&nbsp;<b>Xpeng Inc</b>.</p><p><blockquote>Neta 与本土竞争对手竞争，例如<b>蔚来公司</b>和<b>小鹏汽车</b>.</blockquote></p><p> China’s new energy passenger vehicle sales are now estimated to reach 2.4 million units this year, compared with 2 million earlier, helped by strength across segments, as per industry reports.</p><p><blockquote>据行业报告显示，受各细分市场实力的推动，今年中国新能源乘用车销量预计将达到 240 万辆，而上一年为 200 万辆。</blockquote></p><p> <b>Price Action:</b>&nbsp;Tesla shares closed 0.68% higher at $1,144.76 a share on Tuesday.</p><p><blockquote><b>价格行为：</b>特斯拉股价周二收盘上涨 0.68%，至每股 1,144.76 美元。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.benzinga.com/news/21/12/24374442/chinese-budget-ev-startup-neta-reports-372-rise-in-november-deliveries\">Benzinga</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"XPEV":"小鹏集团","TSLA":"特斯拉","NIO":"蔚来"},"source_url":"https://www.benzinga.com/news/21/12/24374442/chinese-budget-ev-startup-neta-reports-372-rise-in-november-deliveries","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1192477562","content_text":"Chinese electric vehicle startup Neta Automobile recorded a 23.5% rise in deliveries compared to a month ago at 10,013 units in November, cnEVpostreported on Wednesday, citing the company.\nWhat Happened: Neta Automobile, backed by Chinese cybersecurity firm Qihoo 360, reported a 372% increase in deliveries on a year-over-year basis.\nThe startup has sold 59,547 electric vehicles so far this year.\nNeta Automobile currently has three models on sale in China — the Neta V, Neta V Pro and the Neta U Pro — which are all priced under $16,000.\nThe company plans to launch another electric vehicle Neta S next year.\nWhy It Matters: China’s electric vehicle market is buzzing, with various players trying out different ends of the market at various price points including Neta’s affordable price points.\nA $4,500 budget electric car built under a joint venture with General Motors Company outsold TeslaInc’s Model Y and Model 3 sales in China earlier this year.\nNeta competes with homegrown rivals like Nio Inc and Xpeng Inc.\nChina’s new energy passenger vehicle sales are now estimated to reach 2.4 million units this year, compared with 2 million earlier, helped by strength across segments, as per industry reports.\nPrice Action: Tesla shares closed 0.68% higher at $1,144.76 a share on Tuesday.","news_type":1,"symbols_score_info":{"XPEV":0.9,"NIO":0.9,"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":1094,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":609882501,"gmtCreate":1638264733891,"gmtModify":1638264752921,"author":{"id":"3583033675115574","authorId":"3583033675115574","name":"hellodarz888","avatar":"https://static.tigerbbs.com/4e5f7fa39ea3c821aa8099f517287dcb","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583033675115574","idStr":"3583033675115574"},"themes":[],"title":"","htmlText":"Thanks","listText":"Thanks","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/609882501","repostId":"2187586148","repostType":2,"isVote":1,"tweetType":1,"viewCount":1277,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":609194017,"gmtCreate":1638248696414,"gmtModify":1638248696491,"author":{"id":"3583033675115574","authorId":"3583033675115574","name":"hellodarz888","avatar":"https://static.tigerbbs.com/4e5f7fa39ea3c821aa8099f517287dcb","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583033675115574","idStr":"3583033675115574"},"themes":[],"title":"","htmlText":"Lets see what he brings in ideas and direction&nbsp;","listText":"Lets see what he brings in ideas and direction&nbsp;","text":"Lets see what he brings in ideas and direction","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/609194017","repostId":"1112784081","repostType":4,"isVote":1,"tweetType":1,"viewCount":1429,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":609195197,"gmtCreate":1638248616448,"gmtModify":1638248616560,"author":{"id":"3583033675115574","authorId":"3583033675115574","name":"hellodarz888","avatar":"https://static.tigerbbs.com/4e5f7fa39ea3c821aa8099f517287dcb","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583033675115574","idStr":"3583033675115574"},"themes":[],"title":"","htmlText":"Good for them to diversify","listText":"Good for them to diversify","text":"Good for them to diversify","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/609195197","repostId":"1125349143","repostType":4,"repost":{"id":"1125349143","kind":"news","pubTimestamp":1638239757,"share":"https://www.laohunote.com/m/news/1125349143?lang=zh_CN&edition=full","pubTime":"2021-11-30 10:35","market":"us","language":"en","title":"Samsung to supply new advanced auto chip to Volkswagen<blockquote>三星将向大众汽车供应新型先进汽车芯片</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1125349143","media":"Reuters","summary":"SEOUL (Reuters) - Samsung Electronics on Tuesday revealed new auto chips targeting demand for advanc","content":"<p>SEOUL (Reuters) - Samsung Electronics on Tuesday revealed new auto chips targeting demand for advanced chips in cars, including one mounted in Volkswagen's infotainment system developed by LG Electronics.</p><p><blockquote>首尔（路透社）-三星电子周二发布了新的汽车芯片，瞄准了汽车对先进芯片的需求，其中包括LG电子开发的安装在大众汽车信息娱乐系统中的芯片。</blockquote></p><p> Demand is rising for \"high-tech\" automotive chips that can handle more entertainment consumption and increased electrical components in cars, Samsung said in a statement, saying that it plans to actively respond to the growing demand.</p><p><blockquote>三星在一份声明中表示，对“高科技”汽车芯片的需求正在上升，这些芯片可以处理更多的娱乐消费和汽车中增加的电子元件，并表示计划积极应对不断增长的需求。</blockquote></p><p> The chips, developed by Samsung's logic chip design business System LSI, include a chip enabling 5G-based telecommunications for downloading high-definition video content during transit, and a power management chip for stable electricity supply.</p><p><blockquote>这些芯片由三星的逻辑芯片设计业务系统LSI开发，包括一个支持基于5G的电信的芯片，用于在传输过程中下载高清视频内容，以及一个用于稳定供电的电源管理芯片。</blockquote></p><p> A third chip, an infotainment processor that can control up to four displays and 12 cameras at once, has been mounted in Volkswagen's high-performance computer called In Car Application Server (ICAS) 3.1, developed by LG Electronics' vehicle components business, Samsung said.</p><p><blockquote>三星表示，第三个芯片是一种信息娱乐处理器，可以同时控制多达四个显示器和 12 个摄像头，已安装在大众汽车的高性能计算机中，该计算机名为车载应用服务器 (ICAS) 3.1，由 LG 电子的汽车零部件业务开发。</blockquote></p><p> Samsung and cross-town rival LG Electronics have both targeted the expansion of the global electric vehicle market and the rapid electrification of cars as opportunities to sell more Volkswagenhigh-tech chips and sophisticated components, analysts said.</p><p><blockquote>分析师表示，三星和同城竞争对手 LG 电子都将全球电动汽车市场的扩张和汽车的快速电气化作为销售更多大众汽车高科技芯片和复杂零部件的机会。</blockquote></p><p></p>","source":"lsy1612507957220","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>Samsung to supply new advanced auto chip to Volkswagen<blockquote>三星将向大众汽车供应新型先进汽车芯片</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\">\nSamsung to supply new advanced auto chip to Volkswagen<blockquote>三星将向大众汽车供应新型先进汽车芯片</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Reuters</strong><span class=\"h-time small\">2021-11-30 10:35</span>\n</p>\n</h4>\n</header>\n<article>\n<p>SEOUL (Reuters) - Samsung Electronics on Tuesday revealed new auto chips targeting demand for advanced chips in cars, including one mounted in Volkswagen's infotainment system developed by LG Electronics.</p><p><blockquote>首尔（路透社）-三星电子周二发布了新的汽车芯片，瞄准了汽车对先进芯片的需求，其中包括LG电子开发的安装在大众汽车信息娱乐系统中的芯片。</blockquote></p><p> Demand is rising for \"high-tech\" automotive chips that can handle more entertainment consumption and increased electrical components in cars, Samsung said in a statement, saying that it plans to actively respond to the growing demand.</p><p><blockquote>三星在一份声明中表示，对“高科技”汽车芯片的需求正在上升，这些芯片可以处理更多的娱乐消费和汽车中增加的电子元件，并表示计划积极应对不断增长的需求。</blockquote></p><p> The chips, developed by Samsung's logic chip design business System LSI, include a chip enabling 5G-based telecommunications for downloading high-definition video content during transit, and a power management chip for stable electricity supply.</p><p><blockquote>这些芯片由三星的逻辑芯片设计业务系统LSI开发，包括一个支持基于5G的电信的芯片，用于在传输过程中下载高清视频内容，以及一个用于稳定供电的电源管理芯片。</blockquote></p><p> A third chip, an infotainment processor that can control up to four displays and 12 cameras at once, has been mounted in Volkswagen's high-performance computer called In Car Application Server (ICAS) 3.1, developed by LG Electronics' vehicle components business, Samsung said.</p><p><blockquote>三星表示，第三个芯片是一种信息娱乐处理器，可以同时控制多达四个显示器和 12 个摄像头，已安装在大众汽车的高性能计算机中，该计算机名为车载应用服务器 (ICAS) 3.1，由 LG 电子的汽车零部件业务开发。</blockquote></p><p> Samsung and cross-town rival LG Electronics have both targeted the expansion of the global electric vehicle market and the rapid electrification of cars as opportunities to sell more Volkswagenhigh-tech chips and sophisticated components, analysts said.</p><p><blockquote>分析师表示，三星和同城竞争对手 LG 电子都将全球电动汽车市场的扩张和汽车的快速电气化作为销售更多大众汽车高科技芯片和复杂零部件的机会。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://finance.yahoo.com/news/samsung-supply-advanced-auto-chip-021437219.html\">Reuters</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"VLKAY":"大众汽车","SSNLF":"三星电子"},"source_url":"https://finance.yahoo.com/news/samsung-supply-advanced-auto-chip-021437219.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1125349143","content_text":"SEOUL (Reuters) - Samsung Electronics on Tuesday revealed new auto chips targeting demand for advanced chips in cars, including one mounted in Volkswagen's infotainment system developed by LG Electronics.\nDemand is rising for \"high-tech\" automotive chips that can handle more entertainment consumption and increased electrical components in cars, Samsung said in a statement, saying that it plans to actively respond to the growing demand.\nThe chips, developed by Samsung's logic chip design business System LSI, include a chip enabling 5G-based telecommunications for downloading high-definition video content during transit, and a power management chip for stable electricity supply.\nA third chip, an infotainment processor that can control up to four displays and 12 cameras at once, has been mounted in Volkswagen's high-performance computer called In Car Application Server (ICAS) 3.1, developed by LG Electronics' vehicle components business, Samsung said.\nSamsung and cross-town rival LG Electronics have both targeted the expansion of the global electric vehicle market and the rapid electrification of cars as opportunities to sell more Volkswagenhigh-tech chips and sophisticated components, analysts said.","news_type":1,"symbols_score_info":{"VLKAY":0.9,"SSNLF":0.9}},"isVote":1,"tweetType":1,"viewCount":1235,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":600241648,"gmtCreate":1638164212280,"gmtModify":1638164212395,"author":{"id":"3583033675115574","authorId":"3583033675115574","name":"hellodarz888","avatar":"https://static.tigerbbs.com/4e5f7fa39ea3c821aa8099f517287dcb","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583033675115574","idStr":"3583033675115574"},"themes":[],"title":"","htmlText":"Let's watch&nbsp;","listText":"Let's watch&nbsp;","text":"Let's watch","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/600241648","repostId":"1129316714","repostType":4,"isVote":1,"tweetType":1,"viewCount":1514,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":600243367,"gmtCreate":1638164026871,"gmtModify":1638164026949,"author":{"id":"3583033675115574","authorId":"3583033675115574","name":"hellodarz888","avatar":"https://static.tigerbbs.com/4e5f7fa39ea3c821aa8099f517287dcb","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583033675115574","idStr":"3583033675115574"},"themes":[],"title":"","htmlText":"A biz that needs diversification&nbsp;","listText":"A biz that needs diversification&nbsp;","text":"A biz that needs diversification","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/600243367","repostId":"1140523805","repostType":4,"isVote":1,"tweetType":1,"viewCount":1167,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":600243977,"gmtCreate":1638164002214,"gmtModify":1638164466207,"author":{"id":"3583033675115574","authorId":"3583033675115574","name":"hellodarz888","avatar":"https://static.tigerbbs.com/4e5f7fa39ea3c821aa8099f517287dcb","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583033675115574","idStr":"3583033675115574"},"themes":[],"title":"","htmlText":"Okay looks gd","listText":"Okay looks gd","text":"Okay looks gd","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/600243977","repostId":"1173858644","repostType":4,"isVote":1,"tweetType":1,"viewCount":1389,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"hots":[{"id":600249700,"gmtCreate":1638163964480,"gmtModify":1638163964593,"author":{"id":"3583033675115574","authorId":"3583033675115574","name":"hellodarz888","avatar":"https://static.tigerbbs.com/4e5f7fa39ea3c821aa8099f517287dcb","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583033675115574","idStr":"3583033675115574"},"themes":[],"title":"","htmlText":"More news to comd. Sitting on the fence","listText":"More news to comd. Sitting on the fence","text":"More news to comd. Sitting on the fence","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/600249700","repostId":"1197349075","repostType":4,"isVote":1,"tweetType":1,"viewCount":1377,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":609882501,"gmtCreate":1638264733891,"gmtModify":1638264752921,"author":{"id":"3583033675115574","authorId":"3583033675115574","name":"hellodarz888","avatar":"https://static.tigerbbs.com/4e5f7fa39ea3c821aa8099f517287dcb","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583033675115574","idStr":"3583033675115574"},"themes":[],"title":"","htmlText":"Thanks","listText":"Thanks","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/609882501","repostId":"2187586148","repostType":2,"isVote":1,"tweetType":1,"viewCount":1277,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":604937348,"gmtCreate":1639304078367,"gmtModify":1639304078541,"author":{"id":"3583033675115574","authorId":"3583033675115574","name":"hellodarz888","avatar":"https://static.tigerbbs.com/4e5f7fa39ea3c821aa8099f517287dcb","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583033675115574","idStr":"3583033675115574"},"themes":[],"title":"","htmlText":"Lets go","listText":"Lets go","text":"Lets go","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/604937348","repostId":"2190719536","repostType":4,"isVote":1,"tweetType":1,"viewCount":3248,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":876206327,"gmtCreate":1637313963749,"gmtModify":1637314209685,"author":{"id":"3583033675115574","authorId":"3583033675115574","name":"hellodarz888","avatar":"https://static.tigerbbs.com/4e5f7fa39ea3c821aa8099f517287dcb","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583033675115574","idStr":"3583033675115574"},"themes":[],"title":"","htmlText":"Typically intermittent movement","listText":"Typically intermittent movement","text":"Typically intermittent movement","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/876206327","repostId":"1197823361","repostType":2,"repost":{"id":"1197823361","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":1637313688,"share":"https://www.laohunote.com/m/news/1197823361?lang=zh_CN&edition=full","pubTime":"2021-11-19 17:21","market":"us","language":"en","title":"Cannabis stocks climbed in premarket trading<blockquote>大麻股在盘前交易中攀升</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1197823361","media":"Tiger Newspress","summary":"Cannabis stocks climbed in premarket trading.Aurora Cannabis,Tilray,Sundial Grower and HEXO rose bet","content":"<p>Cannabis stocks climbed in premarket trading.Aurora Cannabis,Tilray,Sundial Grower&nbsp;and&nbsp;HEXO&nbsp;rose&nbsp;between 5.3% and 8%.</p><p><blockquote>大麻股票在盘前交易中攀升.Aurora Cannabis、Tilray、Sundial Grower和HEXO上涨5.3%至8%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/fd7ad7e84267525c0fb1df24ff8c6a9e\" tg-width=\"403\" tg-height=\"239\" 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>Cannabis stocks climbed in premarket trading<blockquote>大麻股在盘前交易中攀升</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\">\nCannabis stocks climbed in premarket trading<blockquote>大麻股在盘前交易中攀升</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-11-19 17:21</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Cannabis stocks climbed in premarket trading.Aurora Cannabis,Tilray,Sundial Grower&nbsp;and&nbsp;HEXO&nbsp;rose&nbsp;between 5.3% and 8%.</p><p><blockquote>大麻股票在盘前交易中攀升.Aurora Cannabis、Tilray、Sundial Grower和HEXO上涨5.3%至8%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/fd7ad7e84267525c0fb1df24ff8c6a9e\" tg-width=\"403\" tg-height=\"239\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ACB":"奥罗拉大麻公司","TLRY":"Tilray Inc.","SNDL":"SNDL Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1197823361","content_text":"Cannabis stocks climbed in premarket trading.Aurora Cannabis,Tilray,Sundial Grower and HEXO rose between 5.3% and 8%.","news_type":1,"symbols_score_info":{"HEXO":0.9,"SNDL":0.9,"TLRY":0.9,"ACB":0.9}},"isVote":1,"tweetType":1,"viewCount":506,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":812029051,"gmtCreate":1630542181273,"gmtModify":1631889688183,"author":{"id":"3583033675115574","authorId":"3583033675115574","name":"hellodarz888","avatar":"https://static.tigerbbs.com/4e5f7fa39ea3c821aa8099f517287dcb","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583033675115574","idStr":"3583033675115574"},"themes":[],"title":"","htmlText":"Subscription based model works well","listText":"Subscription based model works well","text":"Subscription based model works well","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/812029051","repostId":"1110092659","repostType":4,"isVote":1,"tweetType":1,"viewCount":899,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":172879661,"gmtCreate":1626955564353,"gmtModify":1631892265888,"author":{"id":"3583033675115574","authorId":"3583033675115574","name":"hellodarz888","avatar":"https://static.tigerbbs.com/4e5f7fa39ea3c821aa8099f517287dcb","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583033675115574","idStr":"3583033675115574"},"themes":[],"title":"","htmlText":"Watch the sectors well","listText":"Watch the sectors well","text":"Watch the sectors well","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/172879661","repostId":"2153477496","repostType":4,"isVote":1,"tweetType":1,"viewCount":581,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":608479825,"gmtCreate":1638784403374,"gmtModify":1638784403969,"author":{"id":"3583033675115574","authorId":"3583033675115574","name":"hellodarz888","avatar":"https://static.tigerbbs.com/4e5f7fa39ea3c821aa8099f517287dcb","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583033675115574","idStr":"3583033675115574"},"themes":[],"title":"","htmlText":"Sounds interesting! Safe bet is Meta though&nbsp;","listText":"Sounds interesting! Safe bet is Meta though&nbsp;","text":"Sounds interesting! Safe bet is Meta though","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/608479825","repostId":"2189457105","repostType":4,"isVote":1,"tweetType":1,"viewCount":1685,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":875657587,"gmtCreate":1637648806241,"gmtModify":1637648806317,"author":{"id":"3583033675115574","authorId":"3583033675115574","name":"hellodarz888","avatar":"https://static.tigerbbs.com/4e5f7fa39ea3c821aa8099f517287dcb","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583033675115574","idStr":"3583033675115574"},"themes":[],"title":"","htmlText":"Fcf is very important&nbsp;","listText":"Fcf is very important&nbsp;","text":"Fcf is very important","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/875657587","repostId":"1147489710","repostType":4,"isVote":1,"tweetType":1,"viewCount":705,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":876697925,"gmtCreate":1637300329966,"gmtModify":1637300330076,"author":{"id":"3583033675115574","authorId":"3583033675115574","name":"hellodarz888","avatar":"https://static.tigerbbs.com/4e5f7fa39ea3c821aa8099f517287dcb","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583033675115574","idStr":"3583033675115574"},"themes":[],"title":"","htmlText":"Lets monitor","listText":"Lets monitor","text":"Lets monitor","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/876697925","repostId":"2184989749","repostType":4,"isVote":1,"tweetType":1,"viewCount":724,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":822918468,"gmtCreate":1634084434210,"gmtModify":1634084434556,"author":{"id":"3583033675115574","authorId":"3583033675115574","name":"hellodarz888","avatar":"https://static.tigerbbs.com/4e5f7fa39ea3c821aa8099f517287dcb","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583033675115574","idStr":"3583033675115574"},"themes":[],"title":"","htmlText":"We need hsi to cook up a storm!","listText":"We need hsi to cook up a storm!","text":"We need hsi to cook up a storm!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/822918468","repostId":"1116686750","repostType":4,"repost":{"id":"1116686750","kind":"news","pubTimestamp":1634080775,"share":"https://www.laohunote.com/m/news/1116686750?lang=zh_CN&edition=full","pubTime":"2021-10-13 07:19","market":"hk","language":"en","title":"Hong Kong stock exchange delays morning trading session due to typhoon<blockquote>受台风影响，香港联交所推迟上午交易时段</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1116686750","media":"forexlive","summary":"HKEX says that with storm signal in effect the session is delayed.\nSecurities, derivates trade delay","content":"<p><div> HKEX says that with storm signal in effect the session is delayed. Securities, derivates trade delayed opening.</p><p><blockquote><div>港交所表示，由于风暴信号生效，交易时段被推迟。证券、衍生品交易延迟开市。</div></blockquote></p><p>  <a href=\"https://www.forexlive.com/news/!/hong-kong-stock-exchange-delays-morning-trading-session-due-to-typhoon-20211012\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.forexlive.com/news/!/hong-kong-stock-exchange-delays-morning-trading-session-due-to-typhoon-20211012\">网页连接</a></blockquote></p><p></p>","source":"lsy1623168602413","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>Hong Kong stock exchange delays morning trading session due to typhoon<blockquote>受台风影响，香港联交所推迟上午交易时段</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\">\nHong Kong stock exchange delays morning trading session due to typhoon<blockquote>受台风影响，香港联交所推迟上午交易时段</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">forexlive</strong><span class=\"h-time small\">2021-10-13 07:19</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> HKEX says that with storm signal in effect the session is delayed. Securities, derivates trade delayed opening.</p><p><blockquote><div>港交所表示，由于风暴信号生效，交易时段被推迟。证券、衍生品交易延迟开市。</div></blockquote></p><p>  <a href=\"https://www.forexlive.com/news/!/hong-kong-stock-exchange-delays-morning-trading-session-due-to-typhoon-20211012\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.forexlive.com/news/!/hong-kong-stock-exchange-delays-morning-trading-session-due-to-typhoon-20211012\">网页连接</a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.forexlive.com/news/!/hong-kong-stock-exchange-delays-morning-trading-session-due-to-typhoon-20211012\">forexlive</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":{"HSTECH":"恒生科技指数","HSCCI":"红筹指数","HSI":"恒生指数","HSCEI":"国企指数"},"source_url":"https://www.forexlive.com/news/!/hong-kong-stock-exchange-delays-morning-trading-session-due-to-typhoon-20211012","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1116686750","content_text":"HKEX says that with storm signal in effect the session is delayed.\nSecurities, derivates trade delayed opening.","news_type":1,"symbols_score_info":{"HSTECH":0.9,"HSI":0.9,"HSCEI":0.9,"HSCCI":0.9}},"isVote":1,"tweetType":1,"viewCount":674,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"lives":[]}