mrzhuge的个人主页 - 老虎社区

mrzhuge

mrzhuge

暂无个人介绍

IP属地：未知

474关注

13粉丝

0主题

0勋章

2021-11-06

Nice

抱歉，原内容已删除

2021-10-17

Hi

抱歉，原内容已删除

2021-12-06

Wow

Game Stop, Toll Brothers, Costco, CVS, and Other Stocks to Watch This Week<blockquote>Game Stop、Toll Brothers、Costco、CVS和其他本周值得关注的股票</blockquote>

2021-11-21

Cool

Why Ford Is Terminating Its Joint EV Development Plan With Rivian?<blockquote>为什么福特终止与Rivian的联合电动汽车开发计划？</blockquote>

2021-12-20

Wow

抱歉，原内容已删除

2021-08-08

Nice

SEC Moves First DeFi Unregistered Securities Lawsuit<blockquote>SEC提起首起DeFi未注册证券诉讼</blockquote>

2021-11-08

Cool

抱歉，原内容已删除

2021-10-08

Yea

Airbnb: Good Prospects Jeopardized By High Expectations<blockquote>爱彼迎：良好前景因高期望而受到损害</blockquote>

2021-09-25

cOol

抱歉，原内容已删除

2021-07-19

Cool

抱歉，原内容已删除

去老虎APP查看更多动态

{"i18n":{"language":"zh_CN"},"userPageInfo":{"id":"3583575708819843","uuid":"3583575708819843","gmtCreate":1620573734554,"gmtModify":1620616548914,"name":"mrzhuge","pinyin":"mrzhuge","introduction":"","introductionEn":null,"signature":"","avatar":"https://static.tigerbbs.com/5334845cffee5a372a7e25268d3684de","hat":null,"hatId":null,"hatName":null,"vip":1,"status":2,"fanSize":13,"headSize":474,"tweetSize":150,"questionSize":0,"limitLevel":999,"accountStatus":4,"level":{"id":1,"name":"萌萌虎","nameTw":"萌萌虎","represent":"呱呱坠地","factor":"评论帖子3次或发布1条主帖（非转发）","iconColor":"3C9E83","bgColor":"A2F1D9"},"themeCounts":0,"badgeCounts":0,"badges":[],"moderator":false,"superModerator":false,"manageSymbols":null,"badgeLevel":null,"boolIsFan":false,"boolIsHead":false,"favoriteSize":0,"symbols":null,"coverImage":null,"realNameVerified":null,"userBadges":[{"badgeId":"35ec162348d5460f88c959321e554969-3","templateUuid":"35ec162348d5460f88c959321e554969","name":"传说交易员","description":"证券或期货账户累计交易次数达到300次","bigImgUrl":"https://static.tigerbbs.com/656db16598a0b8f21429e10d6c1cb033","smallImgUrl":"https://static.tigerbbs.com/03f10910d4dd9234f9b5702a3342193a","grayImgUrl":"https://static.tigerbbs.com/0c767e35268feb729d50d3fa9a386c5a","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.01.06","exceedPercentage":"93.01%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100},{"badgeId":"976c19eed35f4cd78f17501c2e99ef37-1","templateUuid":"976c19eed35f4cd78f17501c2e99ef37","name":"博闻投资者","description":"累计交易超过10只正股","bigImgUrl":"https://static.tigerbbs.com/e74cc24115c4fbae6154ec1b1041bf47","smallImgUrl":"https://static.tigerbbs.com/d48265cbfd97c57f9048db29f22227b0","grayImgUrl":"https://static.tigerbbs.com/76c6d6898b073c77e1c537ebe9ac1c57","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.07.14","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1102},{"badgeId":"e50ce593bb40487ebfb542ca54f6a561-1","templateUuid":"e50ce593bb40487ebfb542ca54f6a561","name":"出道虎友","description":"加入老虎社区500天","bigImgUrl":"https://static.tigerbbs.com/0e4d0ca1da0456dc7894c946d44bf9ab","smallImgUrl":"https://static.tigerbbs.com/0f2f65e8ce4cfaae8db2bea9b127f58b","grayImgUrl":"https://static.tigerbbs.com/c5948a31b6edf154422335b265235809","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.09.22","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1001},{"badgeId":"518b5610c3e8410da5cfad115e4b0f5a-1","templateUuid":"518b5610c3e8410da5cfad115e4b0f5a","name":"实盘交易者","description":"完成一笔实盘交易","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100}],"userBadgeCount":4,"currentWearingBadge":null,"individualDisplayBadges":null,"crmLevel":11,"crmLevelSwitch":0,"location":"未知","starInvestorFollowerNum":0,"starInvestorFlag":false,"starInvestorOrderShareNum":0,"subscribeStarInvestorNum":0,"ror":null,"winRationPercentage":null,"showRor":false,"investmentPhilosophy":null,"starInvestorSubscribeFlag":false},"baikeInfo":{},"tab":"hot","tweets":[{"id":698246672,"gmtCreate":1640422559513,"gmtModify":1640422569555,"author":{"id":"3583575708819843","authorId":"3583575708819843","name":"mrzhuge","avatar":"https://static.tigerbbs.com/5334845cffee5a372a7e25268d3684de","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583575708819843","idStr":"3583575708819843"},"themes":[],"htmlText":"Cool&nbsp;","listText":"Cool&nbsp;","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/698246672","repostId":"1156159690","repostType":4,"isVote":1,"tweetType":1,"viewCount":3992,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":698162336,"gmtCreate":1640320417372,"gmtModify":1640320417536,"author":{"id":"3583575708819843","authorId":"3583575708819843","name":"mrzhuge","avatar":"https://static.tigerbbs.com/5334845cffee5a372a7e25268d3684de","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583575708819843","idStr":"3583575708819843"},"themes":[],"htmlText":"Cool&nbsp;","listText":"Cool&nbsp;","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/698162336","repostId":"2193078140","repostType":4,"isVote":1,"tweetType":1,"viewCount":3554,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":691472651,"gmtCreate":1640234631469,"gmtModify":1640234631670,"author":{"id":"3583575708819843","authorId":"3583575708819843","name":"mrzhuge","avatar":"https://static.tigerbbs.com/5334845cffee5a372a7e25268d3684de","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583575708819843","idStr":"3583575708819843"},"themes":[],"htmlText":"Woo","listText":"Woo","text":"Woo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/691472651","repostId":"2193113147","repostType":4,"isVote":1,"tweetType":1,"viewCount":2509,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":693359328,"gmtCreate":1639975044367,"gmtModify":1639975044511,"author":{"id":"3583575708819843","authorId":"3583575708819843","name":"mrzhuge","avatar":"https://static.tigerbbs.com/5334845cffee5a372a7e25268d3684de","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583575708819843","idStr":"3583575708819843"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/693359328","repostId":"2192989909","repostType":4,"isVote":1,"tweetType":1,"viewCount":3709,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":699705104,"gmtCreate":1639887209221,"gmtModify":1639887277447,"author":{"id":"3583575708819843","authorId":"3583575708819843","name":"mrzhuge","avatar":"https://static.tigerbbs.com/5334845cffee5a372a7e25268d3684de","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583575708819843","idStr":"3583575708819843"},"themes":[],"title":"Merry Xmas","htmlText":"Hohoho, compliments of the season to all. Take care amidst the pandemic.&nbsp;","listText":"Hohoho, compliments of the season to all. Take care amidst the pandemic.&nbsp;","text":"Hohoho, compliments of the season to all. Take care amidst the pandemic.","images":[],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/699705104","isVote":1,"tweetType":1,"viewCount":3010,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":690980488,"gmtCreate":1639621394340,"gmtModify":1639621394539,"author":{"id":"3583575708819843","authorId":"3583575708819843","name":"mrzhuge","avatar":"https://static.tigerbbs.com/5334845cffee5a372a7e25268d3684de","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583575708819843","idStr":"3583575708819843"},"themes":[],"htmlText":"Cool&nbsp;","listText":"Cool&nbsp;","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/690980488","repostId":"2191994940","repostType":4,"isVote":1,"tweetType":1,"viewCount":3297,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":604792195,"gmtCreate":1639444332291,"gmtModify":1639444332478,"author":{"id":"3583575708819843","authorId":"3583575708819843","name":"mrzhuge","avatar":"https://static.tigerbbs.com/5334845cffee5a372a7e25268d3684de","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583575708819843","idStr":"3583575708819843"},"themes":[],"htmlText":"Cool&nbsp;","listText":"Cool&nbsp;","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/604792195","repostId":"2191984334","repostType":4,"isVote":1,"tweetType":1,"viewCount":4378,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":605276509,"gmtCreate":1639185712633,"gmtModify":1639185712801,"author":{"id":"3583575708819843","authorId":"3583575708819843","name":"mrzhuge","avatar":"https://static.tigerbbs.com/5334845cffee5a372a7e25268d3684de","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583575708819843","idStr":"3583575708819843"},"themes":[],"htmlText":"Cool&nbsp;","listText":"Cool&nbsp;","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/605276509","repostId":"2190767366","repostType":4,"isVote":1,"tweetType":1,"viewCount":3085,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":606440739,"gmtCreate":1638922978604,"gmtModify":1638922978724,"author":{"id":"3583575708819843","authorId":"3583575708819843","name":"mrzhuge","avatar":"https://static.tigerbbs.com/5334845cffee5a372a7e25268d3684de","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583575708819843","idStr":"3583575708819843"},"themes":[],"htmlText":"Cool&nbsp;","listText":"Cool&nbsp;","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/606440739","repostId":"2189719656","repostType":4,"isVote":1,"tweetType":1,"viewCount":3449,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":608253831,"gmtCreate":1638751587168,"gmtModify":1638751587279,"author":{"id":"3583575708819843","authorId":"3583575708819843","name":"mrzhuge","avatar":"https://static.tigerbbs.com/5334845cffee5a372a7e25268d3684de","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583575708819843","idStr":"3583575708819843"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":1,"link":"https://laohu8.com/post/608253831","repostId":"1179313612","repostType":4,"repost":{"id":"1179313612","kind":"news","pubTimestamp":1638745398,"share":"https://www.laohu8.com/m/news/1179313612?lang=zh_CN&edition=full","pubTime":"2021-12-06 07:03","market":"us","language":"en","title":"Game Stop, Toll Brothers, Costco, CVS, and Other Stocks to Watch This Week<blockquote>Game Stop、Toll Brothers、Costco、CVS和其他本周值得关注的股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1179313612","media":"Barrons","summary":"Meme stock darling GameStop headlines this week’s earnings report lineup. The videogame retailer rep","content":"<p>Meme stock darling <a href=\"https://laohu8.com/S/GME\">GameStop</a> headlines this week’s earnings report lineup. The videogame retailer reports results after the market closes on Wednesday. <a href=\"https://laohu8.com/S/AZO\">AutoZone</a>, Casey’s <a href=\"https://laohu8.com/S/BGC\">General</a> Stores, and <a href=\"https://laohu8.com/S/TOL\">Toll Brothers</a> report earnings on Tuesday, followed by <a href=\"https://laohu8.com/S/BF.A\">Brown-Forman</a> and <a href=\"https://laohu8.com/S/CPB\">Campbell Soup</a> on Wednesday. <a href=\"https://laohu8.com/S/AVGO\">Broadcom</a>, <a href=\"https://laohu8.com/S/COST\">Costco</a> Wholesale, and <a href=\"https://laohu8.com/S/HRL\">Hormel</a> Foods round things out on Thursday.</p><p><blockquote>模因股票宠儿<a href=\"https://laohu8.com/S/GME\">游戏驿站</a>本周财报阵容头条。这家视频游戏零售商将在周三收盘后公布业绩。<a href=\"https://laohu8.com/S/AZO\">AutoZone</a>，凯西的<a href=\"https://laohu8.com/S/BGC\">一般的</a>商店，以及<a href=\"https://laohu8.com/S/TOL\">托尔兄弟</a>周二公布收益，随后<a href=\"https://laohu8.com/S/BF.A\">布朗-福尔曼</a>和<a href=\"https://laohu8.com/S/CPB\">金宝汤</a>星期三。<a href=\"https://laohu8.com/S/AVGO\">Broadcom</a>,<a href=\"https://laohu8.com/S/COST\">Costco</a>批发，及<a href=\"https://laohu8.com/S/HRL\">荷美尔</a>周四的食物使事情更加圆满。</blockquote></p><p> On Monday, <a href=\"https://laohu8.com/S/UNP\">Union Pacific</a> will hold a conference call to discuss its climate action plan. <a href=\"https://laohu8.com/S/MCK\">McKesson</a> and <a href=\"https://laohu8.com/S/LUV\">Southwest Airlines</a> host their 2021 investor days on Wednesday, followed by <a href=\"https://laohu8.com/S/CVS\">CVS Health</a> and <a href=\"https://laohu8.com/S/TSN\">Tyson</a> Foods on Thursday.</p><p><blockquote>周一，<a href=\"https://laohu8.com/S/UNP\">联合太平洋</a>将召开电话会议讨论其气候行动计划。<a href=\"https://laohu8.com/S/MCK\">麦克森</a>和<a href=\"https://laohu8.com/S/LUV\">西南航空</a>周三举办2021年投资者日，随后<a href=\"https://laohu8.com/S/CVS\">CVS健康</a>和<a href=\"https://laohu8.com/S/TSN\">泰森</a>周四的食物。</blockquote></p><p> The Federal Reserve’s report on consumer credit data for October will be released on Tuesday. On Thursday, the U.S. Labor Department reports initial jobless claims for the week ending on Dec. 4.</p><p><blockquote>美联储10月消费者信贷数据报告将于周二公布。周四，美国劳工部公布了截至12月4日当周的首次申请失业救济人数。</blockquote></p><p> The Bureau of Labor Statistics releases the consumer price index for November on Friday. The consensus estimate is for a 6.7% year-over-year jump, half a percentage point more than in October. The core CPI, which excludes volatile food and energy prices, is expected to rise 4.8% versus 4.6% previously.</p><p><blockquote>美国劳工统计局周五发布11月份消费者价格指数。市场普遍预期同比增长6.7%，比10月份高出半个百分点。排除波动较大的食品和能源价格的核心CPI预计将上涨4.8%，而此前为4.6%。</blockquote></p><p> <b>Monday 12/6</b></p><p><blockquote><b>星期一12/6</b></blockquote></p><p> Union Pacific holds a conference call to discuss its climate action plan.</p><p><blockquote>联合太平洋公司召开电话会议讨论其气候行动计划。</blockquote></p><p> <b>Tuesday 12/7</b></p><p><blockquote><b>星期二12/7</b></blockquote></p><p> AutoZone, Casey’s General Stores, and Toll Brothers announce quarterly results.</p><p><blockquote>AutoZone、Casey’s General Stores和Toll Brothers公布季度业绩。</blockquote></p><p> The Federal Reserve reports on consumer credit data for October. After falling slightly last year, total outstanding consumer debt has risen an average of $20 billion a month through September, and stands at a record $4.37 trillion.</p><p><blockquote>美联储报告10月份消费者信贷数据。继去年小幅下降后，截至9月份，未偿消费者债务总额平均每月增加200亿美元，达到创纪录的4.37万亿美元。</blockquote></p><p> <b>Wednesday 12/8</b></p><p><blockquote><b>星期三12/8</b></blockquote></p><p> The BLS releases the Job Openings and Labor Turnover Survey. Economists forecast 10.5 million job openings on the last business day of October, only 600,000 less than the record high of 11.1 million in July.</p><p><blockquote>BLS发布职位空缺和劳动力流动调查。经济学家预测10月最后一个工作日将有1050万个职位空缺，仅比7月1110万的历史新高少60万个。</blockquote></p><p> <a href=\"https://laohu8.com/S/BF.B\">Brown-Forman</a>, Campbell Soup, and GameStop report earnings.</p><p><blockquote><a href=\"https://laohu8.com/S/BF.B\">布朗-福尔曼</a>、金宝汤和游戏驿站公布财报。</blockquote></p><p> McKesson and <a href=\"https://laohu8.com/S/OKSB\">Southwest</a> Airlines host their 2021 investor days.</p><p><blockquote>麦克森和<a href=\"https://laohu8.com/S/OKSB\">西南</a>航空公司举办2021年投资者日。</blockquote></p><p> <a href=\"https://laohu8.com/S/EW\">Edwards Lifesciences</a> holds an investor conference in Irvine, Calif. The company will discuss its product pipeline as well as its financial outlook for 2022.</p><p><blockquote><a href=\"https://laohu8.com/S/EW\">爱德华兹生命科学公司</a>在加州尔湾举行投资者会议。该公司将讨论其产品线以及2022年的财务前景。</blockquote></p><p> The Bank of Canada announces its monetary-policy decision. The central bank is expected to keep its key short-term interest rate unchanged at 0.25%. At its late-October meeting, the bank ended its quantitative-easing program and signaled that its first interest-rate hike would be earlier in 2022 than had been expected.</p><p><blockquote>加拿大央行宣布货币政策决定。预计央行将维持关键短期利率在0.25%不变。在10月底的会议上，央行结束了量化宽松计划，并表示首次加息将于2022年早于预期。</blockquote></p><p> <b>Thursday 12/9</b></p><p><blockquote><b>星期四12/9</b></blockquote></p><p> Broadcom, Costco Wholesale, and Hormel Foods hold conference calls to discuss quarterly results.</p><p><blockquote>Broadcom、Costco Wholesale和Hormel Foods在评级召开会议讨论季度业绩。</blockquote></p><p> CVS Health and Tyson Foods host their annual investor days.</p><p><blockquote>CVS Health和泰森食品举办年度投资者日。</blockquote></p><p> The Department of Labor reports initial jobless claims for the week ending on Dec. 4. Jobless claims averaged 238,750 in November, the lowest since the beginning of the pandemic, and just 24,750 more than in February of 2020.</p><p><blockquote>劳工部报告了截至12月4日当周的首次申请失业救济人数。11月份平均申请失业救济人数为238,750人，为大流行开始以来的最低水平，仅比2020年2月增加24,750人。</blockquote></p><p> <b>Friday 12/10</b></p><p><blockquote><b>星期五12/10</b></blockquote></p><p> Archer-Daniels-Midland holds its global investor day.</p><p><blockquote>阿彻-丹尼尔斯-米德兰举办全球投资者日。</blockquote></p><p> <a href=\"https://laohu8.com/S/CNC\">Centene</a> holds an investor meeting and will provide financial guidance for 2022.</p><p><blockquote><a href=\"https://laohu8.com/S/CNC\">Centene</a>召开投资者会议，并将提供2022年的财务指导。</blockquote></p><p> The Bureau of Labor Statistics releases the consumer price index for November. Consensus estimate is for a 6.7% year-over-year jump, half a percentage point more than in October. The core CPI, which excludes volatile food and energy prices, is expected to rise 4.8% versus 4.6% previously. October’s 6.2% increase was the hottest the CPI has run in more than 30 years, and this past week Federal Reserve Chairman Jerome <a href=\"https://laohu8.com/S/POWL\">Powell</a> finally ditched “transitory” when discussing inflation before the Senate Banking Committee.</p><p><blockquote>美国劳工统计局发布11月份消费者价格指数。市场普遍预计同比增长6.7%，比10月份高出半个百分点。排除波动较大的食品和能源价格的核心CPI预计将上涨4.8%，而此前为4.6%。10月份6.2%的涨幅是CPI 30多年来最热的一次，上周美联储主席杰罗姆<a href=\"https://laohu8.com/S/POWL\">鲍威尔</a>在参议院银行委员会讨论通货膨胀时，最终放弃了“暂时性”。</blockquote></p><p> The University of Michigan releases its Consumer Sentiment index for December. Economists forecast a 66 reading, slightly less than the November data.</p><p><blockquote>密歇根大学发布12月份消费者信心指数。经济学家预测为66，略低于11月份的数据。</blockquote></p><p></p>","source":"market_watch","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>Game Stop, Toll Brothers, Costco, CVS, and Other Stocks to Watch This Week<blockquote>Game Stop、Toll Brothers、Costco、CVS和其他本周值得关注的股票</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGame Stop, Toll Brothers, Costco, CVS, and Other Stocks to Watch This Week<blockquote>Game Stop、Toll Brothers、Costco、CVS和其他本周值得关注的股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-12-06 07:03</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Meme stock darling <a href=\"https://laohu8.com/S/GME\">GameStop</a> headlines this week’s earnings report lineup. The videogame retailer reports results after the market closes on Wednesday. <a href=\"https://laohu8.com/S/AZO\">AutoZone</a>, Casey’s <a href=\"https://laohu8.com/S/BGC\">General</a> Stores, and <a href=\"https://laohu8.com/S/TOL\">Toll Brothers</a> report earnings on Tuesday, followed by <a href=\"https://laohu8.com/S/BF.A\">Brown-Forman</a> and <a href=\"https://laohu8.com/S/CPB\">Campbell Soup</a> on Wednesday. <a href=\"https://laohu8.com/S/AVGO\">Broadcom</a>, <a href=\"https://laohu8.com/S/COST\">Costco</a> Wholesale, and <a href=\"https://laohu8.com/S/HRL\">Hormel</a> Foods round things out on Thursday.</p><p><blockquote>模因股票宠儿<a href=\"https://laohu8.com/S/GME\">游戏驿站</a>本周财报阵容头条。这家视频游戏零售商将在周三收盘后公布业绩。<a href=\"https://laohu8.com/S/AZO\">AutoZone</a>，凯西的<a href=\"https://laohu8.com/S/BGC\">一般的</a>商店，以及<a href=\"https://laohu8.com/S/TOL\">托尔兄弟</a>周二公布收益，随后<a href=\"https://laohu8.com/S/BF.A\">布朗-福尔曼</a>和<a href=\"https://laohu8.com/S/CPB\">金宝汤</a>星期三。<a href=\"https://laohu8.com/S/AVGO\">Broadcom</a>,<a href=\"https://laohu8.com/S/COST\">Costco</a>批发，及<a href=\"https://laohu8.com/S/HRL\">荷美尔</a>周四的食物使事情更加圆满。</blockquote></p><p> On Monday, <a href=\"https://laohu8.com/S/UNP\">Union Pacific</a> will hold a conference call to discuss its climate action plan. <a href=\"https://laohu8.com/S/MCK\">McKesson</a> and <a href=\"https://laohu8.com/S/LUV\">Southwest Airlines</a> host their 2021 investor days on Wednesday, followed by <a href=\"https://laohu8.com/S/CVS\">CVS Health</a> and <a href=\"https://laohu8.com/S/TSN\">Tyson</a> Foods on Thursday.</p><p><blockquote>周一，<a href=\"https://laohu8.com/S/UNP\">联合太平洋</a>将召开电话会议讨论其气候行动计划。<a href=\"https://laohu8.com/S/MCK\">麦克森</a>和<a href=\"https://laohu8.com/S/LUV\">西南航空</a>周三举办2021年投资者日，随后<a href=\"https://laohu8.com/S/CVS\">CVS健康</a>和<a href=\"https://laohu8.com/S/TSN\">泰森</a>周四的食物。</blockquote></p><p> The Federal Reserve’s report on consumer credit data for October will be released on Tuesday. On Thursday, the U.S. Labor Department reports initial jobless claims for the week ending on Dec. 4.</p><p><blockquote>美联储10月消费者信贷数据报告将于周二公布。周四，美国劳工部公布了截至12月4日当周的首次申请失业救济人数。</blockquote></p><p> The Bureau of Labor Statistics releases the consumer price index for November on Friday. The consensus estimate is for a 6.7% year-over-year jump, half a percentage point more than in October. The core CPI, which excludes volatile food and energy prices, is expected to rise 4.8% versus 4.6% previously.</p><p><blockquote>美国劳工统计局周五发布11月份消费者价格指数。市场普遍预期同比增长6.7%，比10月份高出半个百分点。排除波动较大的食品和能源价格的核心CPI预计将上涨4.8%，而此前为4.6%。</blockquote></p><p> <b>Monday 12/6</b></p><p><blockquote><b>星期一12/6</b></blockquote></p><p> Union Pacific holds a conference call to discuss its climate action plan.</p><p><blockquote>联合太平洋公司召开电话会议讨论其气候行动计划。</blockquote></p><p> <b>Tuesday 12/7</b></p><p><blockquote><b>星期二12/7</b></blockquote></p><p> AutoZone, Casey’s General Stores, and Toll Brothers announce quarterly results.</p><p><blockquote>AutoZone、Casey’s General Stores和Toll Brothers公布季度业绩。</blockquote></p><p> The Federal Reserve reports on consumer credit data for October. After falling slightly last year, total outstanding consumer debt has risen an average of $20 billion a month through September, and stands at a record $4.37 trillion.</p><p><blockquote>美联储报告10月份消费者信贷数据。继去年小幅下降后，截至9月份，未偿消费者债务总额平均每月增加200亿美元，达到创纪录的4.37万亿美元。</blockquote></p><p> <b>Wednesday 12/8</b></p><p><blockquote><b>星期三12/8</b></blockquote></p><p> The BLS releases the Job Openings and Labor Turnover Survey. Economists forecast 10.5 million job openings on the last business day of October, only 600,000 less than the record high of 11.1 million in July.</p><p><blockquote>BLS发布职位空缺和劳动力流动调查。经济学家预测10月最后一个工作日将有1050万个职位空缺，仅比7月1110万的历史新高少60万个。</blockquote></p><p> <a href=\"https://laohu8.com/S/BF.B\">Brown-Forman</a>, Campbell Soup, and GameStop report earnings.</p><p><blockquote><a href=\"https://laohu8.com/S/BF.B\">布朗-福尔曼</a>、金宝汤和游戏驿站公布财报。</blockquote></p><p> McKesson and <a href=\"https://laohu8.com/S/OKSB\">Southwest</a> Airlines host their 2021 investor days.</p><p><blockquote>麦克森和<a href=\"https://laohu8.com/S/OKSB\">西南</a>航空公司举办2021年投资者日。</blockquote></p><p> <a href=\"https://laohu8.com/S/EW\">Edwards Lifesciences</a> holds an investor conference in Irvine, Calif. The company will discuss its product pipeline as well as its financial outlook for 2022.</p><p><blockquote><a href=\"https://laohu8.com/S/EW\">爱德华兹生命科学公司</a>在加州尔湾举行投资者会议。该公司将讨论其产品线以及2022年的财务前景。</blockquote></p><p> The Bank of Canada announces its monetary-policy decision. The central bank is expected to keep its key short-term interest rate unchanged at 0.25%. At its late-October meeting, the bank ended its quantitative-easing program and signaled that its first interest-rate hike would be earlier in 2022 than had been expected.</p><p><blockquote>加拿大央行宣布货币政策决定。预计央行将维持关键短期利率在0.25%不变。在10月底的会议上，央行结束了量化宽松计划，并表示首次加息将于2022年早于预期。</blockquote></p><p> <b>Thursday 12/9</b></p><p><blockquote><b>星期四12/9</b></blockquote></p><p> Broadcom, Costco Wholesale, and Hormel Foods hold conference calls to discuss quarterly results.</p><p><blockquote>Broadcom、Costco Wholesale和Hormel Foods在评级召开会议讨论季度业绩。</blockquote></p><p> CVS Health and Tyson Foods host their annual investor days.</p><p><blockquote>CVS Health和泰森食品举办年度投资者日。</blockquote></p><p> The Department of Labor reports initial jobless claims for the week ending on Dec. 4. Jobless claims averaged 238,750 in November, the lowest since the beginning of the pandemic, and just 24,750 more than in February of 2020.</p><p><blockquote>劳工部报告了截至12月4日当周的首次申请失业救济人数。11月份平均申请失业救济人数为238,750人，为大流行开始以来的最低水平，仅比2020年2月增加24,750人。</blockquote></p><p> <b>Friday 12/10</b></p><p><blockquote><b>星期五12/10</b></blockquote></p><p> Archer-Daniels-Midland holds its global investor day.</p><p><blockquote>阿彻-丹尼尔斯-米德兰举办全球投资者日。</blockquote></p><p> <a href=\"https://laohu8.com/S/CNC\">Centene</a> holds an investor meeting and will provide financial guidance for 2022.</p><p><blockquote><a href=\"https://laohu8.com/S/CNC\">Centene</a>召开投资者会议，并将提供2022年的财务指导。</blockquote></p><p> The Bureau of Labor Statistics releases the consumer price index for November. Consensus estimate is for a 6.7% year-over-year jump, half a percentage point more than in October. The core CPI, which excludes volatile food and energy prices, is expected to rise 4.8% versus 4.6% previously. October’s 6.2% increase was the hottest the CPI has run in more than 30 years, and this past week Federal Reserve Chairman Jerome <a href=\"https://laohu8.com/S/POWL\">Powell</a> finally ditched “transitory” when discussing inflation before the Senate Banking Committee.</p><p><blockquote>美国劳工统计局发布11月份消费者价格指数。市场普遍预计同比增长6.7%，比10月份高出半个百分点。排除波动较大的食品和能源价格的核心CPI预计将上涨4.8%，而此前为4.6%。10月份6.2%的涨幅是CPI 30多年来最热的一次，上周美联储主席杰罗姆<a href=\"https://laohu8.com/S/POWL\">鲍威尔</a>在参议院银行委员会讨论通货膨胀时，最终放弃了“暂时性”。</blockquote></p><p> The University of Michigan releases its Consumer Sentiment index for December. Economists forecast a 66 reading, slightly less than the November data.</p><p><blockquote>密歇根大学发布12月份消费者信心指数。经济学家预测为66，略低于11月份的数据。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/articles/game-stop-toll-brothers-costco-cvs-and-other-stocks-to-watch-this-week-51638734413?mod=barrons-on-marketwatch\">Barrons</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CVS":"西维斯健康","GME":"游戏驿站","BK4088":"住宅建筑","COST":"好市多","TOL":"托尔兄弟"},"source_url":"https://www.marketwatch.com/articles/game-stop-toll-brothers-costco-cvs-and-other-stocks-to-watch-this-week-51638734413?mod=barrons-on-marketwatch","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1179313612","content_text":"Meme stock darling GameStop headlines this week’s earnings report lineup. The videogame retailer reports results after the market closes on Wednesday. AutoZone, Casey’s General Stores, and Toll Brothers report earnings on Tuesday, followed by Brown-Forman and Campbell Soup on Wednesday. Broadcom, Costco Wholesale, and Hormel Foods round things out on Thursday.\nOn Monday, Union Pacific will hold a conference call to discuss its climate action plan. McKesson and Southwest Airlines host their 2021 investor days on Wednesday, followed by CVS Health and Tyson Foods on Thursday.\nThe Federal Reserve’s report on consumer credit data for October will be released on Tuesday. On Thursday, the U.S. Labor Department reports initial jobless claims for the week ending on Dec. 4.\nThe Bureau of Labor Statistics releases the consumer price index for November on Friday. The consensus estimate is for a 6.7% year-over-year jump, half a percentage point more than in October. The core CPI, which excludes volatile food and energy prices, is expected to rise 4.8% versus 4.6% previously.\nMonday 12/6\nUnion Pacific holds a conference call to discuss its climate action plan.\nTuesday 12/7\nAutoZone, Casey’s General Stores, and Toll Brothers announce quarterly results.\nThe Federal Reserve reports on consumer credit data for October. After falling slightly last year, total outstanding consumer debt has risen an average of $20 billion a month through September, and stands at a record $4.37 trillion.\nWednesday 12/8\nThe BLS releases the Job Openings and Labor Turnover Survey. Economists forecast 10.5 million job openings on the last business day of October, only 600,000 less than the record high of 11.1 million in July.\nBrown-Forman, Campbell Soup, and GameStop report earnings.\nMcKesson and Southwest Airlines host their 2021 investor days.\nEdwards Lifesciences holds an investor conference in Irvine, Calif. The company will discuss its product pipeline as well as its financial outlook for 2022.\nThe Bank of Canada announces its monetary-policy decision. The central bank is expected to keep its key short-term interest rate unchanged at 0.25%. At its late-October meeting, the bank ended its quantitative-easing program and signaled that its first interest-rate hike would be earlier in 2022 than had been expected.\nThursday 12/9\nBroadcom, Costco Wholesale, and Hormel Foods hold conference calls to discuss quarterly results.\nCVS Health and Tyson Foods host their annual investor days.\nThe Department of Labor reports initial jobless claims for the week ending on Dec. 4. Jobless claims averaged 238,750 in November, the lowest since the beginning of the pandemic, and just 24,750 more than in February of 2020.\nFriday 12/10\nArcher-Daniels-Midland holds its global investor day.\nCentene holds an investor meeting and will provide financial guidance for 2022.\nThe Bureau of Labor Statistics releases the consumer price index for November. Consensus estimate is for a 6.7% year-over-year jump, half a percentage point more than in October. The core CPI, which excludes volatile food and energy prices, is expected to rise 4.8% versus 4.6% previously. October’s 6.2% increase was the hottest the CPI has run in more than 30 years, and this past week Federal Reserve Chairman Jerome Powell finally ditched “transitory” when discussing inflation before the Senate Banking Committee.\nThe University of Michigan releases its Consumer Sentiment index for December. Economists forecast a 66 reading, slightly less than the November data.","news_type":1,"symbols_score_info":{"CVS":0.9,"GME":0.9,"TOL":0.9,"COST":0.9}},"isVote":1,"tweetType":1,"viewCount":2937,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":600953450,"gmtCreate":1638058998845,"gmtModify":1638058998959,"author":{"id":"3583575708819843","authorId":"3583575708819843","name":"mrzhuge","avatar":"https://static.tigerbbs.com/5334845cffee5a372a7e25268d3684de","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583575708819843","idStr":"3583575708819843"},"themes":[],"htmlText":"Noo","listText":"Noo","text":"Noo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/600953450","repostId":"2186282013","repostType":4,"isVote":1,"tweetType":1,"viewCount":974,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":877784884,"gmtCreate":1637984835738,"gmtModify":1637984835813,"author":{"id":"3583575708819843","authorId":"3583575708819843","name":"mrzhuge","avatar":"https://static.tigerbbs.com/5334845cffee5a372a7e25268d3684de","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583575708819843","idStr":"3583575708819843"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/877784884","repostId":"2186344334","repostType":4,"isVote":1,"tweetType":1,"viewCount":795,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":875607130,"gmtCreate":1637638608219,"gmtModify":1637638608291,"author":{"id":"3583575708819843","authorId":"3583575708819843","name":"mrzhuge","avatar":"https://static.tigerbbs.com/5334845cffee5a372a7e25268d3684de","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583575708819843","idStr":"3583575708819843"},"themes":[],"htmlText":"Cool&nbsp;","listText":"Cool&nbsp;","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/875607130","repostId":"1109021597","repostType":4,"repost":{"id":"1109021597","kind":"news","pubTimestamp":1637638327,"share":"https://www.laohu8.com/m/news/1109021597?lang=zh_CN&edition=full","pubTime":"2021-11-23 11:32","market":"us","language":"en","title":"AMD Stock Just Gave Us the Best Trade of the Year. Now What?<blockquote>AMD股票刚刚给我们带来了今年最好的交易。现在怎么办？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1109021597","media":"InvestorPlace","summary":"AMD stock remains a potent performer, both as a trade and as an investment","content":"<p><div> Advanced Micro Devices(NASDAQ:AMD) has been an absolute beast on the long side. Despite that truth, AMD stock can actually be pretty tough to trade at times. The stock tends to go on sharp, robust ...</p><p><blockquote><div>Advanced Micro Devices（纳斯达克股票代码：AMD）绝对是多头野兽。尽管如此，AMD股票有时实际上很难交易。该股往往会大幅上涨...</div></blockquote></p><p>  <a href=\"https://investorplace.com/2021/11/amd-stock-just-gave-us-the-best-trade-of-the-year-now-what/\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://investorplace.com/2021/11/amd-stock-just-gave-us-the-best-trade-of-the-year-now-what/\">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>AMD Stock Just Gave Us the Best Trade of the Year. Now What?<blockquote>AMD股票刚刚给我们带来了今年最好的交易。现在怎么办？</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\">\nAMD Stock Just Gave Us the Best Trade of the Year. Now What?<blockquote>AMD股票刚刚给我们带来了今年最好的交易。现在怎么办？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">InvestorPlace</strong><span class=\"h-time small\">2021-11-23 11:32</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> Advanced Micro Devices(NASDAQ:AMD) has been an absolute beast on the long side. Despite that truth, AMD stock can actually be pretty tough to trade at times. The stock tends to go on sharp, robust ...</p><p><blockquote><div>Advanced Micro Devices（纳斯达克股票代码：AMD）绝对是多头野兽。尽管如此，AMD股票有时实际上很难交易。该股往往会大幅上涨...</div></blockquote></p><p>  <a href=\"https://investorplace.com/2021/11/amd-stock-just-gave-us-the-best-trade-of-the-year-now-what/\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://investorplace.com/2021/11/amd-stock-just-gave-us-the-best-trade-of-the-year-now-what/\">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/2021/11/amd-stock-just-gave-us-the-best-trade-of-the-year-now-what/\">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":{"AMD":"美国超微公司"},"source_url":"https://investorplace.com/2021/11/amd-stock-just-gave-us-the-best-trade-of-the-year-now-what/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1109021597","content_text":"Advanced Micro Devices(NASDAQ:AMD) has been an absolute beast on the long side. Despite that truth, AMD stock can actually be pretty tough to trade at times.\nThe stock tends to go on sharp, robust runs and then consolidate for quite a while. However, patient bulls in this stock continue to be rewarded. That’s exactly what I’ve been pounding the table on — patience.\nIf there’s one industry — or one duo — that I have a good pulse on, it’s AMD and Nvidia(NASDAQ:NVDA). Both of these companies are incredibly well run and while the stocks don’t always reflect their great businesses, the share prices eventually reward shareholders.\nWith AMD, the writing was all over the wall — almost literally.\nTrading AMD Stock\nGoing into earnings in July,I made the case to own AMD stock regardless of the earnings outcome. A few days later, Advanced Micro Devices reported strong earnings and the stock exploded to new all-time highs as a result.\nThis triggered a massive breakout over the $99 to $100 level, but that was followed by a somewhat disappointing 18% correction back to this breakout area.\nLike I said though, the bullish clues that new highs were coming were written all over the charts.We never forgot the massive volume that accompanied the stock’s post-earnings rally.\nSave this chart. Bookmark this article. Whatever you need to do to imprint this image in your mind, because this is what “accumulation” volume looks like.\nThat’s when institutions pile into a stock, leaving their “footprints” all over the chart in the form of volume. This had the hallmarks of institutional accumulation. While that doesn’t guarantee new highs necessarily, it’s a decent bet that it means, “there’s more where that came from.”\nAMD found support at the prior $99 to $100 breakout zone before giving a powerful weekly-up rotation. That may very well have led to one of the best trades of the year. Further, it helped kick-start an absolutely massive secondary trade in Nvidia, which paid off quite well too.\nFinally, AMD stock gave bulls a nice reset to start off November and the stock responded with a 19.5% burst.Rarely do we get to double dip in a trade like this, catching a bulk of the upside and then catching the downside reversal.\nSo, What’s the Trade?\nFrom here, we need to give the stock a rest. For traders, that means trimming into strength and/or raising their stop-losses. For investors, it means appreciating the move, but expecting potentially sideways-to-lower price action in the short to immediate term.\nAm I bearish? Absolutely not. But am I cognizant that Nvidia and AMD are up 50% to 60% over the past six weeks and that action can only last so long? Yes.\nBulls have been quite fortunate in this name. I’m hoping the above chart can serve as an educational tool to readers. It highlights the following:\n\nA massive upside rally with accumulation volume. Learn to spot these!\nA pullback to the prior breakout zone.\nThe weekly-up trigger that launched AMD higher, then the ensuing “reset” trade that sent AMD to new all-time highs.\nLastly, the reversal trade that let bulls exit the trade with monstrous gains and gave aggressive traders a short-selling opportunity.\n\nBetting on AMD’s Long-Term Future\nAMD stock just gave bulls one of the best trades of the year. The best part about all of this is that the company continues to deliver on the fundamentals too.\nIt’s a very mixed and mostly downbeat situation for growth stocks. Many of the best growth stocks are well off the highs right now, but not AMD and Nvidia.Both stocks remain superior to picks like Intel(NASDAQ:INTC) too. They are real outliers, outshining growth andvalue stocks.\nThat’s because consensus estimates continue to underestimate what AMD and Nvidia are doing right now. Nvidia just delivered a top- and bottom-line beat and better-than-expected guidance. AMD did the same thing, while delivering 54% revenue growth.\nThe more that technology grows, the more that companies need better components. Increased data means increasing data center performance. That equates to more orders for AMD and Nvidia.This new push for the “metaverse” has AMD in demand too. So do computer graphics, gaming, AI and machine learning applications, autonomous driving — you name it. There are countless end markets for GPUs.\nIf there’s one fly in the ointment, it’s future growth concerns.\nWith one quarter left to go for this fiscal year,analysts expect AMD to grow sales 19.5% next year, then 14% in the following year. Some might say the stock has rallied too far given these estimates.Maybe so. And in that case, we may see a multi-quarter consolidation phase, which most long-term investors are fine with.\nBut it’s also possible that these estimates are too conservative.\nIn late July, 2022 revenue estimates sat at about $17 billion. After earnings in July, they shot up to $18 billion. After the last report in October, these expectations moved above $19 billion. You can see how this theme has been playing out.\nFor now, I still have no reason to bet against AMD (or Nvidia) even though it’s clear that the stocks need a break.","news_type":1,"symbols_score_info":{"AMD":0.9}},"isVote":1,"tweetType":1,"viewCount":1215,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":872402795,"gmtCreate":1637555295699,"gmtModify":1637555295816,"author":{"id":"3583575708819843","authorId":"3583575708819843","name":"mrzhuge","avatar":"https://static.tigerbbs.com/5334845cffee5a372a7e25268d3684de","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583575708819843","idStr":"3583575708819843"},"themes":[],"htmlText":"Cool&nbsp;","listText":"Cool&nbsp;","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/872402795","repostId":"1153786917","repostType":4,"repost":{"id":"1153786917","kind":"news","pubTimestamp":1637534687,"share":"https://www.laohu8.com/m/news/1153786917?lang=zh_CN&edition=full","pubTime":"2021-11-22 06:44","market":"us","language":"en","title":"Best Buy, Zoom, Pinduoduo, Xpeng,Xiaomi,Meituan and Other Stocks for Investors to Watch This Week<blockquote>百思买、Zoom、拼多多、小鹏汽车、小米、美团-W等本周值得投资者关注的股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1153786917","media":"Barrons","summary":"The tail end of third-quarter earnings season will bring more results from major retailers next week","content":"<p>The tail end of third-quarter earnings season will bring more results from major retailers next week, just as shoppers prepare for Black Friday. On Tuesday, investors will get quarterly results from some of retail’s biggest names, including&nbsp;Best Buy,Burlington Stores,Dick’s Sporting Goods,Dollar Tree,and&nbsp;Gap.</p><p><blockquote>就在购物者为黑色星期五做准备之际，第三季度财报季的尾声将在下周带来更多主要零售商的业绩。周二，投资者将获得一些零售业巨头的季度业绩，包括百思买、伯灵顿商店、迪克体育用品、美元树和Gap。</blockquote></p><p> Friday will bring one of the busiest shopping days of the year and the traditional kick off for holiday shopping season. The National Retail Federation estimates that a record $851 billion will be spent by U.S. consumers this November and December, a 9.5% increase from last year.</p><p><blockquote>周五将是一年中最繁忙的购物日之一，也是假日购物季的传统开始。美国零售联合会估计，今年11月和12月，美国消费者的支出将达到创纪录的8510亿美元，比去年增长9.5%。</blockquote></p><p> Non-retail highlights on the earnings calendar next week include&nbsp;Zoom Video Communications on Monday,Xpeng,Xiaomi Corporation,Autodesk,Dell Technologies,and&nbsp;VMware&nbsp;on Tuesday, Deere&nbsp;on Wednesday&nbsp;and&nbsp;Pinduoduo,Meituan and RLX Technology&nbsp;on Friday.</p><p><blockquote>下周财报日历上的非零售亮点包括周一的Zoom Video通信、周二的小鹏汽车、小米公司、欧特克、戴尔科技和VMware、周三的Deere以及周五的拼多多、美团-W和RLX科技。</blockquote></p><p> The National Association of Realtors reports existing-home sales for October on Monday. The consensus estimate is for a seasonally adjusted annual rate of 6.19 million homes sold, 100,000 fewer than in September.</p><p><blockquote>全国房地产经纪人协会周一公布了10月份的现房销售情况。市场普遍估计，经季节调整后，房屋销售量为619万套，比9月份减少10万套。</blockquote></p><p> On Tuesday,IHS Markit&nbsp;releases both the manufacturing and services purchasing managers’ indexes for November. Expectations are for a 59.5 reading for the manufacturing PMI and 59 for the services PMI.</p><p><blockquote>周二，IHS Markit发布了11月份制造业和服务业采购经理人指数。预期制造业PMI为59.5，服务业PMI为59。</blockquote></p><p> On Wednesday, the Federal Open Market Committee releases minutes from its early-November monetary-policy meeting. The U.S. Census Bureau also releases the durable-goods report for October, while the U.S. Bureau of Economic Analysis reports personal income and spending for October.</p><p><blockquote>周三，联邦公开市场委员会公布了11月初货币政策会议纪要。美国人口普查局还发布10月份耐用品报告，而美国经济分析局则报告10月份个人收入和支出。</blockquote></p><p> U.S. bourses and fixed-income markets will be closed on Thursday for Thanksgiving. On Friday, the Nasdaq and New York Stock Exchange end trading at 1 p.m., while the bond market closes at 2 p.m.</p><p><blockquote>美国股市和固定收益市场将于周四因感恩节休市。周五，纳斯达克和纽约证券交易所下午1点结束交易，而债券市场下午2点收盘。</blockquote></p><p> Agilent Technologies,Keysight Technologies,and Zoom Video Communications release quarterly results.</p><p><blockquote>安捷伦科技、是德科技、Zoom Video通信发布季度业绩。</blockquote></p><p> <b>The National Association</b> of Realtors reports existing-home sales for October. The consensus estimate is for a seasonally adjusted annual rate of 6.19 million homes sold, 100,000 fewer than in September. Existing-home sales hit their post-financial-crisis peak at 6.73 million last October and have fallen for much of this year, partly due to supply constraints, especially at the lower-price end of the housing market.</p><p><blockquote><b>全国协会</b>房地产经纪人报告10月份现房销售情况。市场普遍估计，经季节调整后，房屋销售量为619万套，比9月份减少10万套。去年10月，成屋销量达到金融危机后的峰值673万套，今年大部分时间都在下降，部分原因是供应限制，尤其是在房地产市场的低端。</blockquote></p><p> Analog Devices,Autodesk, Best Buy, Burlington Stores, Dell Technologies, Dick’s Sporting Goods, Dollar Tree, Gap,HPInc.,J.M. Smucker, Jacobs Engineering Group,Medtronic,and VMware report earnings.</p><p><blockquote>ADI公司、欧特克公司、百思买公司、伯灵顿商店公司、戴尔技术公司、迪克体育用品公司、美元树公司、Gap公司、HPInc公司。，J.MSmucker、Jacobs Engineering Group、Medtronic和VMware报告收益。</blockquote></p><p> <b>IHS Markit releases</b> both the Manufacturing and Services Purchasing Managers’ indexes for November. Expectations are for a 59.5 reading for the Manufacturing PMI and 59 for the Services PMI. Both figures are slightly more than the October data. Both indexes are off their peaks from earlier this year, but higher than their levels from a year ago.</p><p><blockquote><b>IHS Markit发布</b>11月份制造业和服务业采购经理人指数。预期制造业PMI为59.5，服务业PMI为59。这两个数字都略高于10月份的数据。这两个指数都脱离了今年早些时候的峰值，但高于一年前的水平。</blockquote></p><p> <b>The BEA reports</b> its second estimate of third-quarter gross domestic product. Economists forecast a 2.2% annualized rate of growth, higher than the BEA’s preliminary estimate of 2% from late October.</p><p><blockquote><b>东亚银行报告</b>其对第三季度国内生产总值的第二次估计。经济学家预测年化增长率为2.2%，高于东亚银行10月底初步估计的2%。</blockquote></p><p> Deere reports fiscal fourth-quarter 2021 results.</p><p><blockquote>Deere公布2021财年第四季度业绩。</blockquote></p><p> <b>The Federal Open Market</b> Committee releases minutes from its early-November monetary-policy meeting.</p><p><blockquote><b>联邦公开市场</b>委员会发布11月初货币政策会议纪要。</blockquote></p><p> <b>The Census Bureau</b> releases the durable-goods report for October. Economists forecast a 0.2% month-over-month increase in new orders for manufactured durable goods, to $262 billion. Excluding transportation, new orders are seen rising 0.5%, matching the September gain.</p><p><blockquote><b>人口普查局</b>发布10月份耐用品报告。经济学家预测耐用品新订单环比增长0.2%，达到2620亿美元。不包括运输，新订单预计将增长0.5%，与9月份的增幅持平。</blockquote></p><p> <b>The BEA reports</b> personal income and spending for October. The consensus call is for a 0.4% monthly increase in income after a 1% decline in September. Personal spending is expected to rise 1%, month over month, a faster clip than September’s 0.6% gain.</p><p><blockquote><b>东亚银行报告</b>10月份个人收入和支出。看涨期权普遍认为，继9月份收入下降1%后，每月收入将增长0.4%。个人支出预计将环比增长1%，快于9月份0.6%的增幅。</blockquote></p><p> <b>U.S. bourses</b> and fixed-income markets are closed in observance of Thanksgiving.</p><p><blockquote><b>美国证券交易所</b>固定收益市场因感恩节休市。</blockquote></p><p> <b>It’s Black Friday</b>, one of the busiest shopping days of the year and the traditional kickoff to the holiday shopping season. The National Retail Federation estimates that a record $851 billion will be spent by U.S. consumers this November and December, a 9.5% increase from last year. U.S. exchanges have a shortened trading session on the day after Thanksgiving. The Nasdaq and New York Stock Exchange end trading at 1 p.m., and the bond market closes at 2 p.m.</p><p><blockquote><b>今天是黑色星期五</b>这是一年中最繁忙的购物日之一，也是假日购物季的传统开始。美国零售联合会估计，今年11月和12月，美国消费者的支出将达到创纪录的8510亿美元，比去年增长9.5%。美国交易所在感恩节后的第二天缩短了交易时段。纳斯达克和纽约证券交易所下午1点结束交易，债券市场下午2点收盘。</blockquote></p><p></p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Best Buy, Zoom, Pinduoduo, Xpeng,Xiaomi,Meituan and Other Stocks for Investors to Watch This Week<blockquote>百思买、Zoom、拼多多、小鹏汽车、小米、美团-W等本周值得投资者关注的股票</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBest Buy, Zoom, Pinduoduo, Xpeng,Xiaomi,Meituan and Other Stocks for Investors to Watch This Week<blockquote>百思买、Zoom、拼多多、小鹏汽车、小米、美团-W等本周值得投资者关注的股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-11-22 06:44</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The tail end of third-quarter earnings season will bring more results from major retailers next week, just as shoppers prepare for Black Friday. On Tuesday, investors will get quarterly results from some of retail’s biggest names, including&nbsp;Best Buy,Burlington Stores,Dick’s Sporting Goods,Dollar Tree,and&nbsp;Gap.</p><p><blockquote>就在购物者为黑色星期五做准备之际，第三季度财报季的尾声将在下周带来更多主要零售商的业绩。周二，投资者将获得一些零售业巨头的季度业绩，包括百思买、伯灵顿商店、迪克体育用品、美元树和Gap。</blockquote></p><p> Friday will bring one of the busiest shopping days of the year and the traditional kick off for holiday shopping season. The National Retail Federation estimates that a record $851 billion will be spent by U.S. consumers this November and December, a 9.5% increase from last year.</p><p><blockquote>周五将是一年中最繁忙的购物日之一，也是假日购物季的传统开始。美国零售联合会估计，今年11月和12月，美国消费者的支出将达到创纪录的8510亿美元，比去年增长9.5%。</blockquote></p><p> Non-retail highlights on the earnings calendar next week include&nbsp;Zoom Video Communications on Monday,Xpeng,Xiaomi Corporation,Autodesk,Dell Technologies,and&nbsp;VMware&nbsp;on Tuesday, Deere&nbsp;on Wednesday&nbsp;and&nbsp;Pinduoduo,Meituan and RLX Technology&nbsp;on Friday.</p><p><blockquote>下周财报日历上的非零售亮点包括周一的Zoom Video通信、周二的小鹏汽车、小米公司、欧特克、戴尔科技和VMware、周三的Deere以及周五的拼多多、美团-W和RLX科技。</blockquote></p><p> The National Association of Realtors reports existing-home sales for October on Monday. The consensus estimate is for a seasonally adjusted annual rate of 6.19 million homes sold, 100,000 fewer than in September.</p><p><blockquote>全国房地产经纪人协会周一公布了10月份的现房销售情况。市场普遍估计，经季节调整后，房屋销售量为619万套，比9月份减少10万套。</blockquote></p><p> On Tuesday,IHS Markit&nbsp;releases both the manufacturing and services purchasing managers’ indexes for November. Expectations are for a 59.5 reading for the manufacturing PMI and 59 for the services PMI.</p><p><blockquote>周二，IHS Markit发布了11月份制造业和服务业采购经理人指数。预期制造业PMI为59.5，服务业PMI为59。</blockquote></p><p> On Wednesday, the Federal Open Market Committee releases minutes from its early-November monetary-policy meeting. The U.S. Census Bureau also releases the durable-goods report for October, while the U.S. Bureau of Economic Analysis reports personal income and spending for October.</p><p><blockquote>周三，联邦公开市场委员会公布了11月初货币政策会议纪要。美国人口普查局还发布10月份耐用品报告，而美国经济分析局则报告10月份个人收入和支出。</blockquote></p><p> U.S. bourses and fixed-income markets will be closed on Thursday for Thanksgiving. On Friday, the Nasdaq and New York Stock Exchange end trading at 1 p.m., while the bond market closes at 2 p.m.</p><p><blockquote>美国股市和固定收益市场将于周四因感恩节休市。周五，纳斯达克和纽约证券交易所下午1点结束交易，而债券市场下午2点收盘。</blockquote></p><p> Agilent Technologies,Keysight Technologies,and Zoom Video Communications release quarterly results.</p><p><blockquote>安捷伦科技、是德科技、Zoom Video通信发布季度业绩。</blockquote></p><p> <b>The National Association</b> of Realtors reports existing-home sales for October. The consensus estimate is for a seasonally adjusted annual rate of 6.19 million homes sold, 100,000 fewer than in September. Existing-home sales hit their post-financial-crisis peak at 6.73 million last October and have fallen for much of this year, partly due to supply constraints, especially at the lower-price end of the housing market.</p><p><blockquote><b>全国协会</b>房地产经纪人报告10月份现房销售情况。市场普遍估计，经季节调整后，房屋销售量为619万套，比9月份减少10万套。去年10月，成屋销量达到金融危机后的峰值673万套，今年大部分时间都在下降，部分原因是供应限制，尤其是在房地产市场的低端。</blockquote></p><p> Analog Devices,Autodesk, Best Buy, Burlington Stores, Dell Technologies, Dick’s Sporting Goods, Dollar Tree, Gap,HPInc.,J.M. Smucker, Jacobs Engineering Group,Medtronic,and VMware report earnings.</p><p><blockquote>ADI公司、欧特克公司、百思买公司、伯灵顿商店公司、戴尔技术公司、迪克体育用品公司、美元树公司、Gap公司、HPInc公司。，J.MSmucker、Jacobs Engineering Group、Medtronic和VMware报告收益。</blockquote></p><p> <b>IHS Markit releases</b> both the Manufacturing and Services Purchasing Managers’ indexes for November. Expectations are for a 59.5 reading for the Manufacturing PMI and 59 for the Services PMI. Both figures are slightly more than the October data. Both indexes are off their peaks from earlier this year, but higher than their levels from a year ago.</p><p><blockquote><b>IHS Markit发布</b>11月份制造业和服务业采购经理人指数。预期制造业PMI为59.5，服务业PMI为59。这两个数字都略高于10月份的数据。这两个指数都脱离了今年早些时候的峰值，但高于一年前的水平。</blockquote></p><p> <b>The BEA reports</b> its second estimate of third-quarter gross domestic product. Economists forecast a 2.2% annualized rate of growth, higher than the BEA’s preliminary estimate of 2% from late October.</p><p><blockquote><b>东亚银行报告</b>其对第三季度国内生产总值的第二次估计。经济学家预测年化增长率为2.2%，高于东亚银行10月底初步估计的2%。</blockquote></p><p> Deere reports fiscal fourth-quarter 2021 results.</p><p><blockquote>Deere公布2021财年第四季度业绩。</blockquote></p><p> <b>The Federal Open Market</b> Committee releases minutes from its early-November monetary-policy meeting.</p><p><blockquote><b>联邦公开市场</b>委员会发布11月初货币政策会议纪要。</blockquote></p><p> <b>The Census Bureau</b> releases the durable-goods report for October. Economists forecast a 0.2% month-over-month increase in new orders for manufactured durable goods, to $262 billion. Excluding transportation, new orders are seen rising 0.5%, matching the September gain.</p><p><blockquote><b>人口普查局</b>发布10月份耐用品报告。经济学家预测耐用品新订单环比增长0.2%，达到2620亿美元。不包括运输，新订单预计将增长0.5%，与9月份的增幅持平。</blockquote></p><p> <b>The BEA reports</b> personal income and spending for October. The consensus call is for a 0.4% monthly increase in income after a 1% decline in September. Personal spending is expected to rise 1%, month over month, a faster clip than September’s 0.6% gain.</p><p><blockquote><b>东亚银行报告</b>10月份个人收入和支出。看涨期权普遍认为，继9月份收入下降1%后，每月收入将增长0.4%。个人支出预计将环比增长1%，快于9月份0.6%的增幅。</blockquote></p><p> <b>U.S. bourses</b> and fixed-income markets are closed in observance of Thanksgiving.</p><p><blockquote><b>美国证券交易所</b>固定收益市场因感恩节休市。</blockquote></p><p> <b>It’s Black Friday</b>, one of the busiest shopping days of the year and the traditional kickoff to the holiday shopping season. The National Retail Federation estimates that a record $851 billion will be spent by U.S. consumers this November and December, a 9.5% increase from last year. U.S. exchanges have a shortened trading session on the day after Thanksgiving. The Nasdaq and New York Stock Exchange end trading at 1 p.m., and the bond market closes at 2 p.m.</p><p><blockquote><b>今天是黑色星期五</b>这是一年中最繁忙的购物日之一，也是假日购物季的传统开始。美国零售联合会估计，今年11月和12月，美国消费者的支出将达到创纪录的8510亿美元，比去年增长9.5%。美国交易所在感恩节后的第二天缩短了交易时段。纳斯达克和纽约证券交易所下午1点结束交易，债券市场下午2点收盘。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/best-buy-zoom-dell-deere-and-other-stocks-for-investors-to-watch-this-week-51637524800?mod=hp_LEAD_3\">Barrons</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ZM":"Zoom",".DJI":"道琼斯","DELL":"戴尔","BBY":"百思买","DE":"迪尔股份有限公司",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://www.barrons.com/articles/best-buy-zoom-dell-deere-and-other-stocks-for-investors-to-watch-this-week-51637524800?mod=hp_LEAD_3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1153786917","content_text":"The tail end of third-quarter earnings season will bring more results from major retailers next week, just as shoppers prepare for Black Friday. On Tuesday, investors will get quarterly results from some of retail’s biggest names, including Best Buy,Burlington Stores,Dick’s Sporting Goods,Dollar Tree,and Gap.\nFriday will bring one of the busiest shopping days of the year and the traditional kick off for holiday shopping season. The National Retail Federation estimates that a record $851 billion will be spent by U.S. consumers this November and December, a 9.5% increase from last year.\nNon-retail highlights on the earnings calendar next week include Zoom Video Communications on Monday,Xpeng,Xiaomi Corporation,Autodesk,Dell Technologies,and VMware on Tuesday, Deere on Wednesday and Pinduoduo,Meituan and RLX Technology on Friday.\nThe National Association of Realtors reports existing-home sales for October on Monday. The consensus estimate is for a seasonally adjusted annual rate of 6.19 million homes sold, 100,000 fewer than in September.\nOn Tuesday,IHS Markit releases both the manufacturing and services purchasing managers’ indexes for November. Expectations are for a 59.5 reading for the manufacturing PMI and 59 for the services PMI.\nOn Wednesday, the Federal Open Market Committee releases minutes from its early-November monetary-policy meeting. The U.S. Census Bureau also releases the durable-goods report for October, while the U.S. Bureau of Economic Analysis reports personal income and spending for October.\nU.S. bourses and fixed-income markets will be closed on Thursday for Thanksgiving. On Friday, the Nasdaq and New York Stock Exchange end trading at 1 p.m., while the bond market closes at 2 p.m.\nAgilent Technologies,Keysight Technologies,and Zoom Video Communications release quarterly results.\nThe National Association of Realtors reports existing-home sales for October. The consensus estimate is for a seasonally adjusted annual rate of 6.19 million homes sold, 100,000 fewer than in September. Existing-home sales hit their post-financial-crisis peak at 6.73 million last October and have fallen for much of this year, partly due to supply constraints, especially at the lower-price end of the housing market.\nAnalog Devices,Autodesk, Best Buy, Burlington Stores, Dell Technologies, Dick’s Sporting Goods, Dollar Tree, Gap,HPInc.,J.M. Smucker, Jacobs Engineering Group,Medtronic,and VMware report earnings.\nIHS Markit releases both the Manufacturing and Services Purchasing Managers’ indexes for November. Expectations are for a 59.5 reading for the Manufacturing PMI and 59 for the Services PMI. Both figures are slightly more than the October data. Both indexes are off their peaks from earlier this year, but higher than their levels from a year ago.\nThe BEA reports its second estimate of third-quarter gross domestic product. Economists forecast a 2.2% annualized rate of growth, higher than the BEA’s preliminary estimate of 2% from late October.\nDeere reports fiscal fourth-quarter 2021 results.\nThe Federal Open Market Committee releases minutes from its early-November monetary-policy meeting.\nThe Census Bureau releases the durable-goods report for October. Economists forecast a 0.2% month-over-month increase in new orders for manufactured durable goods, to $262 billion. Excluding transportation, new orders are seen rising 0.5%, matching the September gain.\nThe BEA reports personal income and spending for October. The consensus call is for a 0.4% monthly increase in income after a 1% decline in September. Personal spending is expected to rise 1%, month over month, a faster clip than September’s 0.6% gain.\nU.S. bourses and fixed-income markets are closed in observance of Thanksgiving.\nIt’s Black Friday, one of the busiest shopping days of the year and the traditional kickoff to the holiday shopping season. The National Retail Federation estimates that a record $851 billion will be spent by U.S. consumers this November and December, a 9.5% increase from last year. U.S. exchanges have a shortened trading session on the day after Thanksgiving. The Nasdaq and New York Stock Exchange end trading at 1 p.m., and the bond market closes at 2 p.m.","news_type":1,"symbols_score_info":{"BBY":0.9,".DJI":0.9,"ZM":0.9,"DELL":0.9,".SPX":0.9,".IXIC":0.9,"DE":0.9}},"isVote":1,"tweetType":1,"viewCount":851,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":872885272,"gmtCreate":1637475289564,"gmtModify":1637475289676,"author":{"id":"3583575708819843","authorId":"3583575708819843","name":"mrzhuge","avatar":"https://static.tigerbbs.com/5334845cffee5a372a7e25268d3684de","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583575708819843","idStr":"3583575708819843"},"themes":[],"htmlText":"Cool&nbsp;","listText":"Cool&nbsp;","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/872885272","repostId":"1156888846","repostType":4,"repost":{"id":"1156888846","kind":"news","pubTimestamp":1637465976,"share":"https://www.laohu8.com/m/news/1156888846?lang=zh_CN&edition=full","pubTime":"2021-11-21 11:39","market":"us","language":"en","title":"Why Ford Is Terminating Its Joint EV Development Plan With Rivian?<blockquote>为什么福特终止与Rivian的联合电动汽车开发计划？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1156888846","media":"Benzinga","summary":"Ford Motor Company, which is one of the early backers of EV startup Rivian Automotive, Inc., is shel","content":"<p><div> Ford Motor Company, which is one of the early backers of EV startup Rivian Automotive, Inc., is shelving its plan to develop an EV with the latter altogether. What Happened:As Ford steps on the gas on...</p><p><blockquote><div>福特汽车公司是电动汽车初创公司Rivian汽车公司的早期支持者之一，该公司正在完全搁置与后者开发电动汽车的计划。发生了什么：当福特踩下油门时...</div></blockquote></p><p>  <a href=\"https://www.benzinga.com/news/21/11/24209309/why-ford-is-terminating-its-joint-ev-development-plan-with-rivian\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.benzinga.com/news/21/11/24209309/why-ford-is-terminating-its-joint-ev-development-plan-with-rivian\">网页连接</a></blockquote></p><p></p>","source":"lsy1606299360108","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Ford Is Terminating Its Joint EV Development Plan With Rivian?<blockquote>为什么福特终止与Rivian的联合电动汽车开发计划？</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Ford Is Terminating Its Joint EV Development Plan With Rivian?<blockquote>为什么福特终止与Rivian的联合电动汽车开发计划？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Benzinga</strong><span class=\"h-time small\">2021-11-21 11:39</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> Ford Motor Company, which is one of the early backers of EV startup Rivian Automotive, Inc., is shelving its plan to develop an EV with the latter altogether. What Happened:As Ford steps on the gas on...</p><p><blockquote><div>福特汽车公司是电动汽车初创公司Rivian汽车公司的早期支持者之一，该公司正在完全搁置与后者开发电动汽车的计划。发生了什么：当福特踩下油门时...</div></blockquote></p><p>  <a href=\"https://www.benzinga.com/news/21/11/24209309/why-ford-is-terminating-its-joint-ev-development-plan-with-rivian\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.benzinga.com/news/21/11/24209309/why-ford-is-terminating-its-joint-ev-development-plan-with-rivian\">网页连接</a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.benzinga.com/news/21/11/24209309/why-ford-is-terminating-its-joint-ev-development-plan-with-rivian\">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":{"RIVN":"Rivian Automotive, Inc.","F":"福特汽车"},"source_url":"https://www.benzinga.com/news/21/11/24209309/why-ford-is-terminating-its-joint-ev-development-plan-with-rivian","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1156888846","content_text":"Ford Motor Company, which is one of the early backers of EV startup Rivian Automotive, Inc., is shelving its plan to develop an EV with the latter altogether.\nWhat Happened:As Ford steps on the gas on its EV transition, the Detroit-based automaker has decided to abandon it plans to jointly develop an EV with Rivian, CEO Jim Farley said in an interview with Automotive News.\nFarley said Ford expects to produce 600,000 vehicles per year by the end of 2023.\nWhen Ford initially invested $500 million in Rivian in 2019, it envisaged developing a Ford branded EV that will come with Rivian's skateboard powertrain. In early 2020, the companies said they are shelving the plans for a Lincoln-branded EV but would go ahead with an alternative vehicle based on Rivian technology.\nThe Ford CEO suggested in the interview that the company is now increasingly confident in competing in the EV space by itself. Another handicap that forced the going-solo decision was the complexities involved in integrating the hardware and software together.\nWhy It's Important:Rivian shares debuted on Wall Street on Nov. 10 following aninitial public offeringat a bumper valuation of over $100 billion. The company's strong debut and the subsequent run up in shares have raised eyebrows over its valuation which has taken it past the market capitalization of legacy U.S. automakers, including Ford.\nRivian's product pipeline consists of RIT, an EV pickup truck, which it began delivering to customers in September. As of Oct. 30, the company produced 180 R1Ts and delivered 156 R1Ts, with the bulk of them going to the company's employees.\nThe company noted that at the end of October, it had preorders of about 55,400 R1Ts and R1Ss. It expects to fill the preorder backlog by the end of 2023.\nFord, for its part, has doubled on itsEV strategyand invested big dollars into its transition toward EVs.\n\"We respect Rivian and have had extensive exploratory discussions with them, however, both sides have agreed not to pursue any kind of joint vehicle development or platform sharing,\" Ford said in an emailed statement to media.\nRivian, meanwhile, confirmed that it is a mutual decision to focus on each of their own projects and deliveries, given Ford has scaled its own EV strategy and demand for Rivian vehicles has grown.\n\"Our relationship with Ford is an important part of our journey, and Ford remains an investor and ally on our shared path to an electrified future\" a Rivian spokesperson said.\nRivian closed Friday's session up 4.23% at $128.60, while Ford closed down 0.87% at $19.39.","news_type":1,"symbols_score_info":{"RIVN":0.9,"F":0.9}},"isVote":1,"tweetType":1,"viewCount":1172,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":872097628,"gmtCreate":1637372972512,"gmtModify":1637372972720,"author":{"id":"3583575708819843","authorId":"3583575708819843","name":"mrzhuge","avatar":"https://static.tigerbbs.com/5334845cffee5a372a7e25268d3684de","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583575708819843","idStr":"3583575708819843"},"themes":[],"htmlText":"Cool&nbsp;","listText":"Cool&nbsp;","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/872097628","repostId":"2184842262","repostType":4,"isVote":1,"tweetType":1,"viewCount":898,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":876802003,"gmtCreate":1637287493714,"gmtModify":1637287493826,"author":{"id":"3583575708819843","authorId":"3583575708819843","name":"mrzhuge","avatar":"https://static.tigerbbs.com/5334845cffee5a372a7e25268d3684de","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583575708819843","idStr":"3583575708819843"},"themes":[],"htmlText":"Cool&nbsp;","listText":"Cool&nbsp;","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/876802003","repostId":"1185082595","repostType":4,"repost":{"id":"1185082595","kind":"news","pubTimestamp":1637276340,"share":"https://www.laohu8.com/m/news/1185082595?lang=zh_CN&edition=full","pubTime":"2021-11-19 06:59","market":"us","language":"en","title":"S&P 500, Nasdaq hit record closing highs<blockquote>标普500、纳斯达克创收盘新高</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1185082595","media":"Reuters","summary":"(Reuters) - The S&P 500 and Nasdaq notched record closing highs on Thursday, boosted by upbeat corpo","content":"<p>(Reuters) - The S&amp;P 500 and Nasdaq notched record closing highs on Thursday, boosted by upbeat corporate earnings news from companies including <a href=\"https://laohu8.com/S/NVDA\">Nvidia</a>, while Turkey's lira weakened further after its central bank cut rates.</p><p><blockquote>（路透社）-标普500和纳斯达克周四创下历史收盘新高，受包括<a href=\"https://laohu8.com/S/NVDA\">英伟达</a>，而土耳其央行降息后里拉进一步走软。</blockquote></p><p> MSCI's gauge of stocks across the globe was flat, and the Dow Jones industrial average ended lower.Nvidia's stock jumped and was among the biggest supports for the S&amp;P 500 and Nasdaq after it beat quarterly estimates and forecast strong fourth-quarter revenue. Macy's(M.N)shares shot up 21.2% after it raised its earnings outlook.</p><p><blockquote>摩根士丹利资本国际(MSCI)全球股票指数持平，道琼斯工业平均指数收低。英伟达股价上涨，在超出季度预期并预测第四季度收入强劲后，成为标普500和纳斯达克的最大支撑之一。梅西百货(M.N)上调盈利预期后，股价飙升21.2%。</blockquote></p><p> On the flip side, <a href=\"https://laohu8.com/S/CSCO\">Cisco Systems</a>&nbsp;shares fell 5.5%, a day after it forecast current-quarter revenue below expectations due to supply chain shortages and delays. It was the latest in a growing list of U.S. companies citing supply chain problems.</p><p><blockquote>另一方面，<a href=\"https://laohu8.com/S/CSCO\">思科系统</a>该公司股价下跌5.5%，此前一天，该公司预测本季度营收因供应链短缺和延误而低于预期。这是越来越多以供应链问题为由的美国公司中的最新一家。</blockquote></p><p> Investors have been concerned over further increases in price pressures. Retail giant <a href=\"https://laohu8.com/S/TGT\">Target</a>&nbsp;warned of higher costs earlier this week.</p><p><blockquote>投资者一直担心价格压力进一步加大。零售巨头<a href=\"https://laohu8.com/S/TGT\">目标</a>本周早些时候警告成本上升。</blockquote></p><p> New York Federal Reserve Bank President John Williams said Thursday that inflation is becoming more broad-based and that expectations for future price increases are rising.</p><p><blockquote>纽约联邦储备银行行长约翰·威廉姆斯周四表示，通胀正变得更加广泛，对未来物价上涨的预期正在上升。</blockquote></p><p> The Dow Jones Industrial Average(.DJI)&nbsp;fell 60.1 points, or 0.17%, to 35,870.95, the S&amp;P 500(.SPX)gained 15.87 points, or 0.34%, to 4,704.54 and the Nasdaq Composite(.IXIC)&nbsp;added 72.14 points, or 0.45%, to 15,993.71.</p><p><blockquote>道琼斯工业平均指数(.DJI)下跌60.1点，跌幅0.17%，至35,870.95点，标普500(.SPX)上涨15.87点，跌幅0.34%，至4,704.54点，纳斯达克综合指数(.IXIC)上涨72.14点，涨幅0.45%，至15,993.71点。</blockquote></p><p> The pan-European STOXX 600 index(.STOXX)lost 0.46% and MSCI's gauge of stocks across the globe(.MIWD00000PUS)gained 0.03%.</p><p><blockquote>泛欧斯托克600指数(.STOXX)下跌0.46%，摩根士丹利资本国际全球股票指数(.MIWD00000PUS)上涨0.03%。</blockquote></p><p> Turkey's lira shed another 2.83% after its central bank cut rates by 100 basis points to 15%, even in the face of inflation near 20%, sending the Turkish currency hurtling southward.</p><p><blockquote>土耳其央行降息100个基点至15%，尽管通胀率接近20%，但土耳其里拉仍下跌2.83%，导致土耳其货币大幅下跌。</blockquote></p><p> \"The lira remains a punching bag, and further weakness has no end in sight,\" said Edward Moya, senior market analyst at Oanda.</p><p><blockquote>Oanda高级市场分析师Edward Moya表示：“里拉仍然是一个出气筒，进一步疲软看不到尽头。”</blockquote></p><p> The lira has lost around 11.5% of its value this month amid President Tayyip Erdogan's renewed criticism of interest rates and calls for stimulus despite the risks. It was last at 10.909, having earlier hit a record low of 11.30 per dollar.</p><p><blockquote>尽管存在风险，但由于总统塔伊普·埃尔多安(Tayyip Erdogan)再次批评利率和刺激评级，里拉本月已贬值约11.5%。最新收于10.909美元，此前曾触及1美元兑11.30美元的历史低点。</blockquote></p><p> The dollar edged back from a 16-month high as traders weighed whether the U.S. currency's recent surge had gone too far.</p><p><blockquote>美元从16个月高点小幅回落，因交易员权衡美元近期的飙升是否走得太远。</blockquote></p><p> The dollar index , which measures the currency against a basket of six rivals, was last down 0.3%.</p><p><blockquote>衡量货币兑一篮子六个竞争对手的美元指数最新下跌0.3%。</blockquote></p><p> In the U.S. Treasury market, yields fell after the relative success of a 20-year bond auction on Wednesday reduced fears about further rapid yield increases.</p><p><blockquote>在美国国债市场，周三20年期公债标售相对成功，降低了对收益率进一步快速上升的担忧，收益率下跌。</blockquote></p><p> Benchmark 10-year notes were last at 1.587%. They have jumped from a low of 1.415% last week and are holding below five-month highs of 1.705% reached on Oct. 21.</p><p><blockquote>基准10年期国债最新报1.587%。该指数已从上周1.415%的低点跃升，目前仍低于10月21日触及的五个月高点1.705%。</blockquote></p><p> Oil prices rose slightly after dropping to six-week lows.</p><p><blockquote>油价在跌至六周低点后小幅上涨。</blockquote></p><p> Brent crude settled up 96 cents, or 1.2%, at $81.24 a barrel, while U.S. West Texas Intermediate crude futures closed 65 cents, or 0.8%, higher at $79.01.</p><p><blockquote>布伦特原油收涨96美分，或1.2%，报每桶81.24美元，美国西德克萨斯中质原油期货收涨65美分，或0.8%，报每桶79.01美元。</blockquote></p><p> U.S. gold futures settled down 0.5% at $1,861.4.</p><p><blockquote>美国黄金期货收跌0.5%，报1861.4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>S&P 500, Nasdaq hit record closing highs<blockquote>标普500、纳斯达克创收盘新高</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nS&P 500, Nasdaq hit record closing highs<blockquote>标普500、纳斯达克创收盘新高</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Reuters</strong><span class=\"h-time small\">2021-11-19 06:59</span>\n</p>\n</h4>\n</header>\n<article>\n<p>(Reuters) - The S&amp;P 500 and Nasdaq notched record closing highs on Thursday, boosted by upbeat corporate earnings news from companies including <a href=\"https://laohu8.com/S/NVDA\">Nvidia</a>, while Turkey's lira weakened further after its central bank cut rates.</p><p><blockquote>（路透社）-标普500和纳斯达克周四创下历史收盘新高，受包括<a href=\"https://laohu8.com/S/NVDA\">英伟达</a>，而土耳其央行降息后里拉进一步走软。</blockquote></p><p> MSCI's gauge of stocks across the globe was flat, and the Dow Jones industrial average ended lower.Nvidia's stock jumped and was among the biggest supports for the S&amp;P 500 and Nasdaq after it beat quarterly estimates and forecast strong fourth-quarter revenue. Macy's(M.N)shares shot up 21.2% after it raised its earnings outlook.</p><p><blockquote>摩根士丹利资本国际(MSCI)全球股票指数持平，道琼斯工业平均指数收低。英伟达股价上涨，在超出季度预期并预测第四季度收入强劲后，成为标普500和纳斯达克的最大支撑之一。梅西百货(M.N)上调盈利预期后，股价飙升21.2%。</blockquote></p><p> On the flip side, <a href=\"https://laohu8.com/S/CSCO\">Cisco Systems</a>&nbsp;shares fell 5.5%, a day after it forecast current-quarter revenue below expectations due to supply chain shortages and delays. It was the latest in a growing list of U.S. companies citing supply chain problems.</p><p><blockquote>另一方面，<a href=\"https://laohu8.com/S/CSCO\">思科系统</a>该公司股价下跌5.5%，此前一天，该公司预测本季度营收因供应链短缺和延误而低于预期。这是越来越多以供应链问题为由的美国公司中的最新一家。</blockquote></p><p> Investors have been concerned over further increases in price pressures. Retail giant <a href=\"https://laohu8.com/S/TGT\">Target</a>&nbsp;warned of higher costs earlier this week.</p><p><blockquote>投资者一直担心价格压力进一步加大。零售巨头<a href=\"https://laohu8.com/S/TGT\">目标</a>本周早些时候警告成本上升。</blockquote></p><p> New York Federal Reserve Bank President John Williams said Thursday that inflation is becoming more broad-based and that expectations for future price increases are rising.</p><p><blockquote>纽约联邦储备银行行长约翰·威廉姆斯周四表示，通胀正变得更加广泛，对未来物价上涨的预期正在上升。</blockquote></p><p> The Dow Jones Industrial Average(.DJI)&nbsp;fell 60.1 points, or 0.17%, to 35,870.95, the S&amp;P 500(.SPX)gained 15.87 points, or 0.34%, to 4,704.54 and the Nasdaq Composite(.IXIC)&nbsp;added 72.14 points, or 0.45%, to 15,993.71.</p><p><blockquote>道琼斯工业平均指数(.DJI)下跌60.1点，跌幅0.17%，至35,870.95点，标普500(.SPX)上涨15.87点，跌幅0.34%，至4,704.54点，纳斯达克综合指数(.IXIC)上涨72.14点，涨幅0.45%，至15,993.71点。</blockquote></p><p> The pan-European STOXX 600 index(.STOXX)lost 0.46% and MSCI's gauge of stocks across the globe(.MIWD00000PUS)gained 0.03%.</p><p><blockquote>泛欧斯托克600指数(.STOXX)下跌0.46%，摩根士丹利资本国际全球股票指数(.MIWD00000PUS)上涨0.03%。</blockquote></p><p> Turkey's lira shed another 2.83% after its central bank cut rates by 100 basis points to 15%, even in the face of inflation near 20%, sending the Turkish currency hurtling southward.</p><p><blockquote>土耳其央行降息100个基点至15%，尽管通胀率接近20%，但土耳其里拉仍下跌2.83%，导致土耳其货币大幅下跌。</blockquote></p><p> \"The lira remains a punching bag, and further weakness has no end in sight,\" said Edward Moya, senior market analyst at Oanda.</p><p><blockquote>Oanda高级市场分析师Edward Moya表示：“里拉仍然是一个出气筒，进一步疲软看不到尽头。”</blockquote></p><p> The lira has lost around 11.5% of its value this month amid President Tayyip Erdogan's renewed criticism of interest rates and calls for stimulus despite the risks. It was last at 10.909, having earlier hit a record low of 11.30 per dollar.</p><p><blockquote>尽管存在风险，但由于总统塔伊普·埃尔多安(Tayyip Erdogan)再次批评利率和刺激评级，里拉本月已贬值约11.5%。最新收于10.909美元，此前曾触及1美元兑11.30美元的历史低点。</blockquote></p><p> The dollar edged back from a 16-month high as traders weighed whether the U.S. currency's recent surge had gone too far.</p><p><blockquote>美元从16个月高点小幅回落，因交易员权衡美元近期的飙升是否走得太远。</blockquote></p><p> The dollar index , which measures the currency against a basket of six rivals, was last down 0.3%.</p><p><blockquote>衡量货币兑一篮子六个竞争对手的美元指数最新下跌0.3%。</blockquote></p><p> In the U.S. Treasury market, yields fell after the relative success of a 20-year bond auction on Wednesday reduced fears about further rapid yield increases.</p><p><blockquote>在美国国债市场，周三20年期公债标售相对成功，降低了对收益率进一步快速上升的担忧，收益率下跌。</blockquote></p><p> Benchmark 10-year notes were last at 1.587%. They have jumped from a low of 1.415% last week and are holding below five-month highs of 1.705% reached on Oct. 21.</p><p><blockquote>基准10年期国债最新报1.587%。该指数已从上周1.415%的低点跃升，目前仍低于10月21日触及的五个月高点1.705%。</blockquote></p><p> Oil prices rose slightly after dropping to six-week lows.</p><p><blockquote>油价在跌至六周低点后小幅上涨。</blockquote></p><p> Brent crude settled up 96 cents, or 1.2%, at $81.24 a barrel, while U.S. West Texas Intermediate crude futures closed 65 cents, or 0.8%, higher at $79.01.</p><p><blockquote>布伦特原油收涨96美分，或1.2%，报每桶81.24美元，美国西德克萨斯中质原油期货收涨65美分，或0.8%，报每桶79.01美元。</blockquote></p><p> U.S. gold futures settled down 0.5% at $1,861.4.</p><p><blockquote>美国黄金期货收跌0.5%，报1861.4美元。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.reuters.com/markets/us/global-markets-wrapup-6-graphics-2021-11-18/\">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":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://www.reuters.com/markets/us/global-markets-wrapup-6-graphics-2021-11-18/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1185082595","content_text":"(Reuters) - The S&P 500 and Nasdaq notched record closing highs on Thursday, boosted by upbeat corporate earnings news from companies including Nvidia, while Turkey's lira weakened further after its central bank cut rates.\nMSCI's gauge of stocks across the globe was flat, and the Dow Jones industrial average ended lower.Nvidia's stock jumped and was among the biggest supports for the S&P 500 and Nasdaq after it beat quarterly estimates and forecast strong fourth-quarter revenue. Macy's(M.N)shares shot up 21.2% after it raised its earnings outlook.\nOn the flip side, Cisco Systems shares fell 5.5%, a day after it forecast current-quarter revenue below expectations due to supply chain shortages and delays. It was the latest in a growing list of U.S. companies citing supply chain problems.\nInvestors have been concerned over further increases in price pressures. Retail giant Target warned of higher costs earlier this week.\nNew York Federal Reserve Bank President John Williams said Thursday that inflation is becoming more broad-based and that expectations for future price increases are rising.\nThe Dow Jones Industrial Average(.DJI) fell 60.1 points, or 0.17%, to 35,870.95, the S&P 500(.SPX)gained 15.87 points, or 0.34%, to 4,704.54 and the Nasdaq Composite(.IXIC) added 72.14 points, or 0.45%, to 15,993.71.\nThe pan-European STOXX 600 index(.STOXX)lost 0.46% and MSCI's gauge of stocks across the globe(.MIWD00000PUS)gained 0.03%.\nTurkey's lira shed another 2.83% after its central bank cut rates by 100 basis points to 15%, even in the face of inflation near 20%, sending the Turkish currency hurtling southward.\n\"The lira remains a punching bag, and further weakness has no end in sight,\" said Edward Moya, senior market analyst at Oanda.\nThe lira has lost around 11.5% of its value this month amid President Tayyip Erdogan's renewed criticism of interest rates and calls for stimulus despite the risks. It was last at 10.909, having earlier hit a record low of 11.30 per dollar.\nThe dollar edged back from a 16-month high as traders weighed whether the U.S. currency's recent surge had gone too far.\nThe dollar index , which measures the currency against a basket of six rivals, was last down 0.3%.\nIn the U.S. Treasury market, yields fell after the relative success of a 20-year bond auction on Wednesday reduced fears about further rapid yield increases.\nBenchmark 10-year notes were last at 1.587%. They have jumped from a low of 1.415% last week and are holding below five-month highs of 1.705% reached on Oct. 21.\nOil prices rose slightly after dropping to six-week lows.\nBrent crude settled up 96 cents, or 1.2%, at $81.24 a barrel, while U.S. West Texas Intermediate crude futures closed 65 cents, or 0.8%, higher at $79.01.\nU.S. gold futures settled down 0.5% at $1,861.4.","news_type":1,"symbols_score_info":{".SPX":0.9,".DJI":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":949,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":878029909,"gmtCreate":1637126632432,"gmtModify":1637126632635,"author":{"id":"3583575708819843","authorId":"3583575708819843","name":"mrzhuge","avatar":"https://static.tigerbbs.com/5334845cffee5a372a7e25268d3684de","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583575708819843","idStr":"3583575708819843"},"themes":[],"htmlText":"Cool&nbsp;","listText":"Cool&nbsp;","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/878029909","repostId":"2184881094","repostType":4,"isVote":1,"tweetType":1,"viewCount":885,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":873880183,"gmtCreate":1636926234586,"gmtModify":1636926234653,"author":{"id":"3583575708819843","authorId":"3583575708819843","name":"mrzhuge","avatar":"https://static.tigerbbs.com/5334845cffee5a372a7e25268d3684de","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583575708819843","idStr":"3583575708819843"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/873880183","repostId":"1103944030","repostType":4,"isVote":1,"tweetType":1,"viewCount":910,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":879933640,"gmtCreate":1636675613285,"gmtModify":1636675613470,"author":{"id":"3583575708819843","authorId":"3583575708819843","name":"mrzhuge","avatar":"https://static.tigerbbs.com/5334845cffee5a372a7e25268d3684de","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583575708819843","idStr":"3583575708819843"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/879933640","repostId":"2182606257","repostType":2,"repost":{"id":"2182606257","kind":"news","pubTimestamp":1636666860,"share":"https://www.laohu8.com/m/news/2182606257?lang=zh_CN&edition=full","pubTime":"2021-11-12 05:41","market":"sh","language":"zh","title":"外媒头条：市值突破千亿！Rivian上市次日再度飙升","url":"https://stock-news.laohu8.com/highlight/detail?id=2182606257","media":"新浪财经","summary":"全球财经媒体昨夜今晨共同关注的头条新闻主要有：\n\n1、为什么经济学家低估了美国通胀的爆发力和耐力？\n\n\n2、美债市场遍布地雷 凶险程度达到疫情爆发以来之最\n\n\n3、又一波新冠疫情来袭 美国中西部医院I","content":"<p><b>全球财经媒体昨夜今晨共同关注的头条新闻主要有：</b></p>\n<blockquote>\n <b>1、为什么经济学家低估了美国通胀的爆发力和耐力？</b>\n</blockquote>\n<blockquote>\n <b>2、美债市场遍布地雷 凶险程度达到疫情爆发以来之最</b>\n</blockquote>\n<blockquote>\n <b>3、又一波新冠疫情来袭 美国中西部医院ICU人满为患</b>\n</blockquote>\n<blockquote>\n <b>4、“<a href=\"https://laohu8.com/S/TSLA\">特斯拉</a>杀手”Rivian上市次日再度飙升逾20% 市值突破千亿超越<a href=\"https://laohu8.com/S/GM\">通用汽车</a></b>\n</blockquote>\n<blockquote>\n <b>5、改善居住条件叠加回城上班刚需 推动曼哈顿房租创纪录上涨</b>\n</blockquote>\n<blockquote>\n <b>6、<a href=\"https://laohu8.com/S/DIS\">迪士尼</a>股价创18个月最大跌幅 因流媒体服务业务放缓</b>\n</blockquote>\n<p><img src=\"https://static.tigerbbs.com/5dbc3fa747a5e8746ac0c3f61f34757e\" tg-width=\"550\" tg-height=\"339\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<p><b>为什么经济学家低估了美国通胀的爆发力和耐力？</b></p>\n<p>卷土重来的疫情、脆弱的全球供应网络和刺激政策充实的消费者荷包，共同推动美国物价涨幅远超华尔街和决策者的预期。经济学家也明白了该谦虚的时候要谦虚。</p>\n<p>本周三发布的最新通胀数据显示，10月份消费物价同比上涨6.2%，高于所有预测。以前的物价上涨更多因为经济重新开放，而10月的数据却显示了广泛的通胀压力。</p>\n<p><a href=\"https://laohu8.com/S/DB\">德意志银行</a>首席美国经济学家Matthew Luzzetti说，过去一年，预测通胀“非常具有挑战性，”未来也依然很难。“现在这个时候，谁都别以为自己已经考虑了足够的价格压力，通胀前景的风险仍然偏向上行。”</p>\n<p>自年初以来，经济学家被迫提高了对消费价格涨幅的预测。曾经，通胀被视为某种幻觉，是所谓的基期效应扭曲了数字。但结果证明，这是个更加长期的问题。</p>\n<p><img src=\"https://static.tigerbbs.com/0de9807e60befbc92e727c2b27cd2f47\" tg-width=\"550\" tg-height=\"364\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<p><b>美债市场遍布地雷 凶险程度达到疫情爆发以来之最</b></p>\n<p>美国国债市场过去一个月已成为雷区。</p>\n<p>随着全球债券交易员努力迫使央行出手应对高通胀，债市异常的震荡让他们自己也损失不小。由此仿佛陷入一个恶性循环，不愿入市令债市流动性减少，价格更易大幅波动，这进而又阻止了人们入市的脚步。</p>\n<p>美国政府证券流动性指数显示，美国国债目前的交易状况为2020年3月以来最糟。该指数衡量收益率偏离公允价值模型的程度。至于预期波动率，跟踪美国国债的ICE<a href=\"https://laohu8.com/S/BAC\">美国银行</a>MOVE指数目前接近2020年4月以来最高水平。</p>\n<p>美联储11月3日宣布计划每月减少购买800亿美元美国国债，目标是到明年年中结束购债行动。主席鲍威尔重申该减码时间表对于加息时间没有指示意义，必要情况下联储会果断对“通胀”采取行动。周三美国公布的10月CPI涨幅超过预期，美债市场遭遇2月以来最大抛盘。</p>\n<p><img src=\"https://static.tigerbbs.com/17bb143298d36f6743808a411697ad14\" tg-width=\"550\" tg-height=\"349\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<p><b>又一波新冠疫情来袭 美国中西部医院ICU人满为患</b></p>\n<p>美国部分地区的医院已经开始看到新冠疫情秋季浪潮的影响，这个最新迹象表明，即使是在疫苗接种率相对较高的地区，医疗系统仍然面临来自新冠病毒的巨大压力。</p>\n<p>在12个州，Covid-19患者使用的重症监护床位比两周前有所攀升，这些州大多数位于南起亚利桑那州和新墨西哥州，北至明尼苏达州，跨越北美大平原的连续地带上。在西部几个州，许多医生和护士还没有从上一轮感染高峰中缓过气来。</p>\n<p>“我们已经满负荷运转，（直到几天前）都无法让病人转院，” 科罗拉多州偏远的Moffat县农村地区医院Memorial Hospital的手术副总裁Jennifer Riley说。“很难相信疫情已经持续了这么久。”该医院有大约25张床位。</p>\n<p>美国未来数月面临着不确定性，随着传统的冬季病毒传染高峰期来临，德尔塔变异毒株仍在全国范围内蔓延。美国许多地区也经历了异常温暖的秋季，尚未看到当寒冷的天气促使人们更多呆在室内、病毒更容易传播时会发生什么状况。</p>\n<p><img src=\"https://static.tigerbbs.com/1558ffa4bade529e0653078064a84267\" tg-width=\"550\" tg-height=\"309\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<p><b>“特斯拉杀手”Rivian上市次日再度飙升逾20% 市值突破千亿超越通用汽车</b></p>\n<p>电动汽车初创公司Rivian股价周四继续攀升，在上市一天后再度大涨约23%。</p>\n<p>这家<a href=\"https://laohu8.com/S/AMZN\">亚马逊</a>和福特支持的公司的市值已经超过<a href=\"https://laohu8.com/S/F\">福特汽车</a>和通用汽车，目前超过1000亿美元。不过这仍然远远落后于特斯拉逾1万亿美元的市值。</p>\n<p>截至发稿，通用汽车的市值为888亿美元，而福特的市值为776亿美元。</p>\n<p>Rivian当前的市值意味着亚马逊在该公司20%的股份现价值约210亿美元，而福特持有的12%股份价值超过120亿美元。</p>\n<p>鉴于Rivian还没有成熟的商业模式，并预计三季度营收最高仅为100万美元，因此该股两日的涨幅尤其惊人。该公司在招股说明书中表示，预计当季亏损将高达12.8亿美元。</p>\n<p>Rivian凭借全电动皮卡在市场上击败了竞争对手，但尚未大规模生产其车辆。</p>\n<p><img src=\"https://static.tigerbbs.com/703c35767cc066ea313d043ed964d5ae\" tg-width=\"550\" tg-height=\"309\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<p><b>改善居住条件叠加回城上班刚需 推动曼哈顿房租创纪录上涨</b></p>\n<p>曼哈顿的公寓租金正在以创纪录速度上涨，因为准备重返办公室的人们纷纷在曼哈顿寻找条件更好的住所。</p>\n<p>评估公司Miller Samuel Inc．和中介公司Douglas Elliman Real Estate在周四的一份报告中表示，10月份租金中位数达到3382美元，同比上涨18%。这是10年前有数据以来最大同比涨幅；不过，租金中位数绝对值仍低于2019年10月的3409美元。</p>\n<p>Miller Samuel总裁Jonathan Miller说，那些无缘在郊区购房的公寓租户发现，他们可以转而在市内租下更好的房子。还有人则在办公室附近找到房子，为最终不得不回办公室上班做准备。</p>\n<p>“越来越多的人理解了自己想要住的地方和雇主希望他们工作的地方之间的关系，”Miller说。</p>\n<p><img src=\"https://static.tigerbbs.com/4a8b70e558184105f6ced2b1ee484691\" tg-width=\"533\" tg-height=\"300\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<p><b>迪士尼股价创18个月最大跌幅 因流媒体服务业务放缓</b></p>\n<p>迪士尼股价创疫情爆发以来最大跌幅，之前该公司报告流媒体用户增长低于预期，引发投资者对连续两年火爆之后增长放缓的担忧。</p>\n<p>迪士尼股价周四早盘一度下跌9.2%，为2020年3月以来最大盘中跌幅。此番下跌导致该公司市值低于竞争对手Netflix&nbsp;Inc．。流媒体的不足只是该公司各业务部门当季普遍令人失望的缩影。</p>\n<p>该公司周三公告称，Disney+在第四财季新增210万用户，其用户总数达到1.181亿。接受彭博调查的分析师预测为1.196亿。这是该服务两年前推出以来的最小季度增幅。</p>\n<p>迪士尼已将这个家庭流媒体产品作为未来几年增长的重点，管理层重申了到2024年拥有2.6亿用户的目标。11月12日是月费8美元的Disney+上线两周年纪念日，该公司正在举行庆祝活动，在全公司范围内推出新电影和促销活动。</p>","source":"sina","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>外媒头条：市值突破千亿！Rivian上市次日再度飙升</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: 11px; color: #7E829C; margin: 0;line-height: 11px;}\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\">\n外媒头条：市值突破千亿！Rivian上市次日再度飙升\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-12 05:41 北京时间&nbsp;&nbsp;&nbsp;<a href=https://finance.sina.com.cn/stock/usstock/c/2021-11-12/doc-iktzscyy5039074.shtml><strong>新浪财经</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>全球财经媒体昨夜今晨共同关注的头条新闻主要有：\n\n1、为什么经济学家低估了美国通胀的爆发力和耐力？\n\n\n2、美债市场遍布地雷 凶险程度达到疫情爆发以来之最\n\n\n3、又一波新冠疫情来袭 美国中西部医院ICU人满为患\n\n\n4、“特斯拉杀手”Rivian上市次日再度飙升逾20% 市值突破千亿超越通用汽车\n\n\n5、改善居住条件叠加回城上班刚需 推动曼哈顿房租创纪录上涨\n\n\n6、迪士尼股价创18个月最大跌幅...</p>\n\n<a href=\"https://finance.sina.com.cn/stock/usstock/c/2021-11-12/doc-iktzscyy5039074.shtml\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/37d8ba54faa1a9d08aed79d6e8240d1f","relate_stocks":{"RIVN":"Rivian Automotive, Inc.",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://finance.sina.com.cn/stock/usstock/c/2021-11-12/doc-iktzscyy5039074.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/b0d1b7e8843deea78cc308b15114de44","article_id":"2182606257","content_text":"全球财经媒体昨夜今晨共同关注的头条新闻主要有：\n\n1、为什么经济学家低估了美国通胀的爆发力和耐力？\n\n\n2、美债市场遍布地雷 凶险程度达到疫情爆发以来之最\n\n\n3、又一波新冠疫情来袭 美国中西部医院ICU人满为患\n\n\n4、“特斯拉杀手”Rivian上市次日再度飙升逾20% 市值突破千亿超越通用汽车\n\n\n5、改善居住条件叠加回城上班刚需 推动曼哈顿房租创纪录上涨\n\n\n6、迪士尼股价创18个月最大跌幅 因流媒体服务业务放缓\n\n\n为什么经济学家低估了美国通胀的爆发力和耐力？\n卷土重来的疫情、脆弱的全球供应网络和刺激政策充实的消费者荷包，共同推动美国物价涨幅远超华尔街和决策者的预期。经济学家也明白了该谦虚的时候要谦虚。\n本周三发布的最新通胀数据显示，10月份消费物价同比上涨6.2%，高于所有预测。以前的物价上涨更多因为经济重新开放，而10月的数据却显示了广泛的通胀压力。\n德意志银行首席美国经济学家Matthew Luzzetti说，过去一年，预测通胀“非常具有挑战性，”未来也依然很难。“现在这个时候，谁都别以为自己已经考虑了足够的价格压力，通胀前景的风险仍然偏向上行。”\n自年初以来，经济学家被迫提高了对消费价格涨幅的预测。曾经，通胀被视为某种幻觉，是所谓的基期效应扭曲了数字。但结果证明，这是个更加长期的问题。\n\n美债市场遍布地雷 凶险程度达到疫情爆发以来之最\n美国国债市场过去一个月已成为雷区。\n随着全球债券交易员努力迫使央行出手应对高通胀，债市异常的震荡让他们自己也损失不小。由此仿佛陷入一个恶性循环，不愿入市令债市流动性减少，价格更易大幅波动，这进而又阻止了人们入市的脚步。\n美国政府证券流动性指数显示，美国国债目前的交易状况为2020年3月以来最糟。该指数衡量收益率偏离公允价值模型的程度。至于预期波动率，跟踪美国国债的ICE美国银行MOVE指数目前接近2020年4月以来最高水平。\n美联储11月3日宣布计划每月减少购买800亿美元美国国债，目标是到明年年中结束购债行动。主席鲍威尔重申该减码时间表对于加息时间没有指示意义，必要情况下联储会果断对“通胀”采取行动。周三美国公布的10月CPI涨幅超过预期，美债市场遭遇2月以来最大抛盘。\n\n又一波新冠疫情来袭 美国中西部医院ICU人满为患\n美国部分地区的医院已经开始看到新冠疫情秋季浪潮的影响，这个最新迹象表明，即使是在疫苗接种率相对较高的地区，医疗系统仍然面临来自新冠病毒的巨大压力。\n在12个州，Covid-19患者使用的重症监护床位比两周前有所攀升，这些州大多数位于南起亚利桑那州和新墨西哥州，北至明尼苏达州，跨越北美大平原的连续地带上。在西部几个州，许多医生和护士还没有从上一轮感染高峰中缓过气来。\n“我们已经满负荷运转，（直到几天前）都无法让病人转院，” 科罗拉多州偏远的Moffat县农村地区医院Memorial Hospital的手术副总裁Jennifer Riley说。“很难相信疫情已经持续了这么久。”该医院有大约25张床位。\n美国未来数月面临着不确定性，随着传统的冬季病毒传染高峰期来临，德尔塔变异毒株仍在全国范围内蔓延。美国许多地区也经历了异常温暖的秋季，尚未看到当寒冷的天气促使人们更多呆在室内、病毒更容易传播时会发生什么状况。\n\n“特斯拉杀手”Rivian上市次日再度飙升逾20% 市值突破千亿超越通用汽车\n电动汽车初创公司Rivian股价周四继续攀升，在上市一天后再度大涨约23%。\n这家亚马逊和福特支持的公司的市值已经超过福特汽车和通用汽车，目前超过1000亿美元。不过这仍然远远落后于特斯拉逾1万亿美元的市值。\n截至发稿，通用汽车的市值为888亿美元，而福特的市值为776亿美元。\nRivian当前的市值意味着亚马逊在该公司20%的股份现价值约210亿美元，而福特持有的12%股份价值超过120亿美元。\n鉴于Rivian还没有成熟的商业模式，并预计三季度营收最高仅为100万美元，因此该股两日的涨幅尤其惊人。该公司在招股说明书中表示，预计当季亏损将高达12.8亿美元。\nRivian凭借全电动皮卡在市场上击败了竞争对手，但尚未大规模生产其车辆。\n\n改善居住条件叠加回城上班刚需 推动曼哈顿房租创纪录上涨\n曼哈顿的公寓租金正在以创纪录速度上涨，因为准备重返办公室的人们纷纷在曼哈顿寻找条件更好的住所。\n评估公司Miller Samuel Inc．和中介公司Douglas Elliman Real Estate在周四的一份报告中表示，10月份租金中位数达到3382美元，同比上涨18%。这是10年前有数据以来最大同比涨幅；不过，租金中位数绝对值仍低于2019年10月的3409美元。\nMiller Samuel总裁Jonathan Miller说，那些无缘在郊区购房的公寓租户发现，他们可以转而在市内租下更好的房子。还有人则在办公室附近找到房子，为最终不得不回办公室上班做准备。\n“越来越多的人理解了自己想要住的地方和雇主希望他们工作的地方之间的关系，”Miller说。\n\n迪士尼股价创18个月最大跌幅 因流媒体服务业务放缓\n迪士尼股价创疫情爆发以来最大跌幅，之前该公司报告流媒体用户增长低于预期，引发投资者对连续两年火爆之后增长放缓的担忧。\n迪士尼股价周四早盘一度下跌9.2%，为2020年3月以来最大盘中跌幅。此番下跌导致该公司市值低于竞争对手Netflix Inc．。流媒体的不足只是该公司各业务部门当季普遍令人失望的缩影。\n该公司周三公告称，Disney+在第四财季新增210万用户，其用户总数达到1.181亿。接受彭博调查的分析师预测为1.196亿。这是该服务两年前推出以来的最小季度增幅。\n迪士尼已将这个家庭流媒体产品作为未来几年增长的重点，管理层重申了到2024年拥有2.6亿用户的目标。11月12日是月费8美元的Disney+上线两周年纪念日，该公司正在举行庆祝活动，在全公司范围内推出新电影和促销活动。","news_type":1,"symbols_score_info":{".DJI":0.9,".SPX":0.9,"RIVN":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":1192,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"hots":[{"id":842659447,"gmtCreate":1636172963920,"gmtModify":1636172964148,"author":{"id":"3583575708819843","authorId":"3583575708819843","name":"mrzhuge","avatar":"https://static.tigerbbs.com/5334845cffee5a372a7e25268d3684de","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583575708819843","idStr":"3583575708819843"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":12,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/842659447","repostId":"1173813098","repostType":4,"isVote":1,"tweetType":1,"viewCount":454,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":827612786,"gmtCreate":1634458670470,"gmtModify":1634458670618,"author":{"id":"3583575708819843","authorId":"3583575708819843","name":"mrzhuge","avatar":"https://static.tigerbbs.com/5334845cffee5a372a7e25268d3684de","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583575708819843","idStr":"3583575708819843"},"themes":[],"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":12,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/827612786","repostId":"2175146556","repostType":4,"isVote":1,"tweetType":1,"viewCount":430,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":608253831,"gmtCreate":1638751587168,"gmtModify":1638751587279,"author":{"id":"3583575708819843","authorId":"3583575708819843","name":"mrzhuge","avatar":"https://static.tigerbbs.com/5334845cffee5a372a7e25268d3684de","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583575708819843","idStr":"3583575708819843"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":1,"link":"https://laohu8.com/post/608253831","repostId":"1179313612","repostType":4,"repost":{"id":"1179313612","kind":"news","pubTimestamp":1638745398,"share":"https://www.laohu8.com/m/news/1179313612?lang=zh_CN&edition=full","pubTime":"2021-12-06 07:03","market":"us","language":"en","title":"Game Stop, Toll Brothers, Costco, CVS, and Other Stocks to Watch This Week<blockquote>Game Stop、Toll Brothers、Costco、CVS和其他本周值得关注的股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1179313612","media":"Barrons","summary":"Meme stock darling GameStop headlines this week’s earnings report lineup. The videogame retailer rep","content":"<p>Meme stock darling <a href=\"https://laohu8.com/S/GME\">GameStop</a> headlines this week’s earnings report lineup. The videogame retailer reports results after the market closes on Wednesday. <a href=\"https://laohu8.com/S/AZO\">AutoZone</a>, Casey’s <a href=\"https://laohu8.com/S/BGC\">General</a> Stores, and <a href=\"https://laohu8.com/S/TOL\">Toll Brothers</a> report earnings on Tuesday, followed by <a href=\"https://laohu8.com/S/BF.A\">Brown-Forman</a> and <a href=\"https://laohu8.com/S/CPB\">Campbell Soup</a> on Wednesday. <a href=\"https://laohu8.com/S/AVGO\">Broadcom</a>, <a href=\"https://laohu8.com/S/COST\">Costco</a> Wholesale, and <a href=\"https://laohu8.com/S/HRL\">Hormel</a> Foods round things out on Thursday.</p><p><blockquote>模因股票宠儿<a href=\"https://laohu8.com/S/GME\">游戏驿站</a>本周财报阵容头条。这家视频游戏零售商将在周三收盘后公布业绩。<a href=\"https://laohu8.com/S/AZO\">AutoZone</a>，凯西的<a href=\"https://laohu8.com/S/BGC\">一般的</a>商店，以及<a href=\"https://laohu8.com/S/TOL\">托尔兄弟</a>周二公布收益，随后<a href=\"https://laohu8.com/S/BF.A\">布朗-福尔曼</a>和<a href=\"https://laohu8.com/S/CPB\">金宝汤</a>星期三。<a href=\"https://laohu8.com/S/AVGO\">Broadcom</a>,<a href=\"https://laohu8.com/S/COST\">Costco</a>批发，及<a href=\"https://laohu8.com/S/HRL\">荷美尔</a>周四的食物使事情更加圆满。</blockquote></p><p> On Monday, <a href=\"https://laohu8.com/S/UNP\">Union Pacific</a> will hold a conference call to discuss its climate action plan. <a href=\"https://laohu8.com/S/MCK\">McKesson</a> and <a href=\"https://laohu8.com/S/LUV\">Southwest Airlines</a> host their 2021 investor days on Wednesday, followed by <a href=\"https://laohu8.com/S/CVS\">CVS Health</a> and <a href=\"https://laohu8.com/S/TSN\">Tyson</a> Foods on Thursday.</p><p><blockquote>周一，<a href=\"https://laohu8.com/S/UNP\">联合太平洋</a>将召开电话会议讨论其气候行动计划。<a href=\"https://laohu8.com/S/MCK\">麦克森</a>和<a href=\"https://laohu8.com/S/LUV\">西南航空</a>周三举办2021年投资者日，随后<a href=\"https://laohu8.com/S/CVS\">CVS健康</a>和<a href=\"https://laohu8.com/S/TSN\">泰森</a>周四的食物。</blockquote></p><p> The Federal Reserve’s report on consumer credit data for October will be released on Tuesday. On Thursday, the U.S. Labor Department reports initial jobless claims for the week ending on Dec. 4.</p><p><blockquote>美联储10月消费者信贷数据报告将于周二公布。周四，美国劳工部公布了截至12月4日当周的首次申请失业救济人数。</blockquote></p><p> The Bureau of Labor Statistics releases the consumer price index for November on Friday. The consensus estimate is for a 6.7% year-over-year jump, half a percentage point more than in October. The core CPI, which excludes volatile food and energy prices, is expected to rise 4.8% versus 4.6% previously.</p><p><blockquote>美国劳工统计局周五发布11月份消费者价格指数。市场普遍预期同比增长6.7%，比10月份高出半个百分点。排除波动较大的食品和能源价格的核心CPI预计将上涨4.8%，而此前为4.6%。</blockquote></p><p> <b>Monday 12/6</b></p><p><blockquote><b>星期一12/6</b></blockquote></p><p> Union Pacific holds a conference call to discuss its climate action plan.</p><p><blockquote>联合太平洋公司召开电话会议讨论其气候行动计划。</blockquote></p><p> <b>Tuesday 12/7</b></p><p><blockquote><b>星期二12/7</b></blockquote></p><p> AutoZone, Casey’s General Stores, and Toll Brothers announce quarterly results.</p><p><blockquote>AutoZone、Casey’s General Stores和Toll Brothers公布季度业绩。</blockquote></p><p> The Federal Reserve reports on consumer credit data for October. After falling slightly last year, total outstanding consumer debt has risen an average of $20 billion a month through September, and stands at a record $4.37 trillion.</p><p><blockquote>美联储报告10月份消费者信贷数据。继去年小幅下降后，截至9月份，未偿消费者债务总额平均每月增加200亿美元，达到创纪录的4.37万亿美元。</blockquote></p><p> <b>Wednesday 12/8</b></p><p><blockquote><b>星期三12/8</b></blockquote></p><p> The BLS releases the Job Openings and Labor Turnover Survey. Economists forecast 10.5 million job openings on the last business day of October, only 600,000 less than the record high of 11.1 million in July.</p><p><blockquote>BLS发布职位空缺和劳动力流动调查。经济学家预测10月最后一个工作日将有1050万个职位空缺，仅比7月1110万的历史新高少60万个。</blockquote></p><p> <a href=\"https://laohu8.com/S/BF.B\">Brown-Forman</a>, Campbell Soup, and GameStop report earnings.</p><p><blockquote><a href=\"https://laohu8.com/S/BF.B\">布朗-福尔曼</a>、金宝汤和游戏驿站公布财报。</blockquote></p><p> McKesson and <a href=\"https://laohu8.com/S/OKSB\">Southwest</a> Airlines host their 2021 investor days.</p><p><blockquote>麦克森和<a href=\"https://laohu8.com/S/OKSB\">西南</a>航空公司举办2021年投资者日。</blockquote></p><p> <a href=\"https://laohu8.com/S/EW\">Edwards Lifesciences</a> holds an investor conference in Irvine, Calif. The company will discuss its product pipeline as well as its financial outlook for 2022.</p><p><blockquote><a href=\"https://laohu8.com/S/EW\">爱德华兹生命科学公司</a>在加州尔湾举行投资者会议。该公司将讨论其产品线以及2022年的财务前景。</blockquote></p><p> The Bank of Canada announces its monetary-policy decision. The central bank is expected to keep its key short-term interest rate unchanged at 0.25%. At its late-October meeting, the bank ended its quantitative-easing program and signaled that its first interest-rate hike would be earlier in 2022 than had been expected.</p><p><blockquote>加拿大央行宣布货币政策决定。预计央行将维持关键短期利率在0.25%不变。在10月底的会议上，央行结束了量化宽松计划，并表示首次加息将于2022年早于预期。</blockquote></p><p> <b>Thursday 12/9</b></p><p><blockquote><b>星期四12/9</b></blockquote></p><p> Broadcom, Costco Wholesale, and Hormel Foods hold conference calls to discuss quarterly results.</p><p><blockquote>Broadcom、Costco Wholesale和Hormel Foods在评级召开会议讨论季度业绩。</blockquote></p><p> CVS Health and Tyson Foods host their annual investor days.</p><p><blockquote>CVS Health和泰森食品举办年度投资者日。</blockquote></p><p> The Department of Labor reports initial jobless claims for the week ending on Dec. 4. Jobless claims averaged 238,750 in November, the lowest since the beginning of the pandemic, and just 24,750 more than in February of 2020.</p><p><blockquote>劳工部报告了截至12月4日当周的首次申请失业救济人数。11月份平均申请失业救济人数为238,750人，为大流行开始以来的最低水平，仅比2020年2月增加24,750人。</blockquote></p><p> <b>Friday 12/10</b></p><p><blockquote><b>星期五12/10</b></blockquote></p><p> Archer-Daniels-Midland holds its global investor day.</p><p><blockquote>阿彻-丹尼尔斯-米德兰举办全球投资者日。</blockquote></p><p> <a href=\"https://laohu8.com/S/CNC\">Centene</a> holds an investor meeting and will provide financial guidance for 2022.</p><p><blockquote><a href=\"https://laohu8.com/S/CNC\">Centene</a>召开投资者会议，并将提供2022年的财务指导。</blockquote></p><p> The Bureau of Labor Statistics releases the consumer price index for November. Consensus estimate is for a 6.7% year-over-year jump, half a percentage point more than in October. The core CPI, which excludes volatile food and energy prices, is expected to rise 4.8% versus 4.6% previously. October’s 6.2% increase was the hottest the CPI has run in more than 30 years, and this past week Federal Reserve Chairman Jerome <a href=\"https://laohu8.com/S/POWL\">Powell</a> finally ditched “transitory” when discussing inflation before the Senate Banking Committee.</p><p><blockquote>美国劳工统计局发布11月份消费者价格指数。市场普遍预计同比增长6.7%，比10月份高出半个百分点。排除波动较大的食品和能源价格的核心CPI预计将上涨4.8%，而此前为4.6%。10月份6.2%的涨幅是CPI 30多年来最热的一次，上周美联储主席杰罗姆<a href=\"https://laohu8.com/S/POWL\">鲍威尔</a>在参议院银行委员会讨论通货膨胀时，最终放弃了“暂时性”。</blockquote></p><p> The University of Michigan releases its Consumer Sentiment index for December. Economists forecast a 66 reading, slightly less than the November data.</p><p><blockquote>密歇根大学发布12月份消费者信心指数。经济学家预测为66，略低于11月份的数据。</blockquote></p><p></p>","source":"market_watch","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>Game Stop, Toll Brothers, Costco, CVS, and Other Stocks to Watch This Week<blockquote>Game Stop、Toll Brothers、Costco、CVS和其他本周值得关注的股票</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGame Stop, Toll Brothers, Costco, CVS, and Other Stocks to Watch This Week<blockquote>Game Stop、Toll Brothers、Costco、CVS和其他本周值得关注的股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-12-06 07:03</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Meme stock darling <a href=\"https://laohu8.com/S/GME\">GameStop</a> headlines this week’s earnings report lineup. The videogame retailer reports results after the market closes on Wednesday. <a href=\"https://laohu8.com/S/AZO\">AutoZone</a>, Casey’s <a href=\"https://laohu8.com/S/BGC\">General</a> Stores, and <a href=\"https://laohu8.com/S/TOL\">Toll Brothers</a> report earnings on Tuesday, followed by <a href=\"https://laohu8.com/S/BF.A\">Brown-Forman</a> and <a href=\"https://laohu8.com/S/CPB\">Campbell Soup</a> on Wednesday. <a href=\"https://laohu8.com/S/AVGO\">Broadcom</a>, <a href=\"https://laohu8.com/S/COST\">Costco</a> Wholesale, and <a href=\"https://laohu8.com/S/HRL\">Hormel</a> Foods round things out on Thursday.</p><p><blockquote>模因股票宠儿<a href=\"https://laohu8.com/S/GME\">游戏驿站</a>本周财报阵容头条。这家视频游戏零售商将在周三收盘后公布业绩。<a href=\"https://laohu8.com/S/AZO\">AutoZone</a>，凯西的<a href=\"https://laohu8.com/S/BGC\">一般的</a>商店，以及<a href=\"https://laohu8.com/S/TOL\">托尔兄弟</a>周二公布收益，随后<a href=\"https://laohu8.com/S/BF.A\">布朗-福尔曼</a>和<a href=\"https://laohu8.com/S/CPB\">金宝汤</a>星期三。<a href=\"https://laohu8.com/S/AVGO\">Broadcom</a>,<a href=\"https://laohu8.com/S/COST\">Costco</a>批发，及<a href=\"https://laohu8.com/S/HRL\">荷美尔</a>周四的食物使事情更加圆满。</blockquote></p><p> On Monday, <a href=\"https://laohu8.com/S/UNP\">Union Pacific</a> will hold a conference call to discuss its climate action plan. <a href=\"https://laohu8.com/S/MCK\">McKesson</a> and <a href=\"https://laohu8.com/S/LUV\">Southwest Airlines</a> host their 2021 investor days on Wednesday, followed by <a href=\"https://laohu8.com/S/CVS\">CVS Health</a> and <a href=\"https://laohu8.com/S/TSN\">Tyson</a> Foods on Thursday.</p><p><blockquote>周一，<a href=\"https://laohu8.com/S/UNP\">联合太平洋</a>将召开电话会议讨论其气候行动计划。<a href=\"https://laohu8.com/S/MCK\">麦克森</a>和<a href=\"https://laohu8.com/S/LUV\">西南航空</a>周三举办2021年投资者日，随后<a href=\"https://laohu8.com/S/CVS\">CVS健康</a>和<a href=\"https://laohu8.com/S/TSN\">泰森</a>周四的食物。</blockquote></p><p> The Federal Reserve’s report on consumer credit data for October will be released on Tuesday. On Thursday, the U.S. Labor Department reports initial jobless claims for the week ending on Dec. 4.</p><p><blockquote>美联储10月消费者信贷数据报告将于周二公布。周四，美国劳工部公布了截至12月4日当周的首次申请失业救济人数。</blockquote></p><p> The Bureau of Labor Statistics releases the consumer price index for November on Friday. The consensus estimate is for a 6.7% year-over-year jump, half a percentage point more than in October. The core CPI, which excludes volatile food and energy prices, is expected to rise 4.8% versus 4.6% previously.</p><p><blockquote>美国劳工统计局周五发布11月份消费者价格指数。市场普遍预期同比增长6.7%，比10月份高出半个百分点。排除波动较大的食品和能源价格的核心CPI预计将上涨4.8%，而此前为4.6%。</blockquote></p><p> <b>Monday 12/6</b></p><p><blockquote><b>星期一12/6</b></blockquote></p><p> Union Pacific holds a conference call to discuss its climate action plan.</p><p><blockquote>联合太平洋公司召开电话会议讨论其气候行动计划。</blockquote></p><p> <b>Tuesday 12/7</b></p><p><blockquote><b>星期二12/7</b></blockquote></p><p> AutoZone, Casey’s General Stores, and Toll Brothers announce quarterly results.</p><p><blockquote>AutoZone、Casey’s General Stores和Toll Brothers公布季度业绩。</blockquote></p><p> The Federal Reserve reports on consumer credit data for October. After falling slightly last year, total outstanding consumer debt has risen an average of $20 billion a month through September, and stands at a record $4.37 trillion.</p><p><blockquote>美联储报告10月份消费者信贷数据。继去年小幅下降后，截至9月份，未偿消费者债务总额平均每月增加200亿美元，达到创纪录的4.37万亿美元。</blockquote></p><p> <b>Wednesday 12/8</b></p><p><blockquote><b>星期三12/8</b></blockquote></p><p> The BLS releases the Job Openings and Labor Turnover Survey. Economists forecast 10.5 million job openings on the last business day of October, only 600,000 less than the record high of 11.1 million in July.</p><p><blockquote>BLS发布职位空缺和劳动力流动调查。经济学家预测10月最后一个工作日将有1050万个职位空缺，仅比7月1110万的历史新高少60万个。</blockquote></p><p> <a href=\"https://laohu8.com/S/BF.B\">Brown-Forman</a>, Campbell Soup, and GameStop report earnings.</p><p><blockquote><a href=\"https://laohu8.com/S/BF.B\">布朗-福尔曼</a>、金宝汤和游戏驿站公布财报。</blockquote></p><p> McKesson and <a href=\"https://laohu8.com/S/OKSB\">Southwest</a> Airlines host their 2021 investor days.</p><p><blockquote>麦克森和<a href=\"https://laohu8.com/S/OKSB\">西南</a>航空公司举办2021年投资者日。</blockquote></p><p> <a href=\"https://laohu8.com/S/EW\">Edwards Lifesciences</a> holds an investor conference in Irvine, Calif. The company will discuss its product pipeline as well as its financial outlook for 2022.</p><p><blockquote><a href=\"https://laohu8.com/S/EW\">爱德华兹生命科学公司</a>在加州尔湾举行投资者会议。该公司将讨论其产品线以及2022年的财务前景。</blockquote></p><p> The Bank of Canada announces its monetary-policy decision. The central bank is expected to keep its key short-term interest rate unchanged at 0.25%. At its late-October meeting, the bank ended its quantitative-easing program and signaled that its first interest-rate hike would be earlier in 2022 than had been expected.</p><p><blockquote>加拿大央行宣布货币政策决定。预计央行将维持关键短期利率在0.25%不变。在10月底的会议上，央行结束了量化宽松计划，并表示首次加息将于2022年早于预期。</blockquote></p><p> <b>Thursday 12/9</b></p><p><blockquote><b>星期四12/9</b></blockquote></p><p> Broadcom, Costco Wholesale, and Hormel Foods hold conference calls to discuss quarterly results.</p><p><blockquote>Broadcom、Costco Wholesale和Hormel Foods在评级召开会议讨论季度业绩。</blockquote></p><p> CVS Health and Tyson Foods host their annual investor days.</p><p><blockquote>CVS Health和泰森食品举办年度投资者日。</blockquote></p><p> The Department of Labor reports initial jobless claims for the week ending on Dec. 4. Jobless claims averaged 238,750 in November, the lowest since the beginning of the pandemic, and just 24,750 more than in February of 2020.</p><p><blockquote>劳工部报告了截至12月4日当周的首次申请失业救济人数。11月份平均申请失业救济人数为238,750人，为大流行开始以来的最低水平，仅比2020年2月增加24,750人。</blockquote></p><p> <b>Friday 12/10</b></p><p><blockquote><b>星期五12/10</b></blockquote></p><p> Archer-Daniels-Midland holds its global investor day.</p><p><blockquote>阿彻-丹尼尔斯-米德兰举办全球投资者日。</blockquote></p><p> <a href=\"https://laohu8.com/S/CNC\">Centene</a> holds an investor meeting and will provide financial guidance for 2022.</p><p><blockquote><a href=\"https://laohu8.com/S/CNC\">Centene</a>召开投资者会议，并将提供2022年的财务指导。</blockquote></p><p> The Bureau of Labor Statistics releases the consumer price index for November. Consensus estimate is for a 6.7% year-over-year jump, half a percentage point more than in October. The core CPI, which excludes volatile food and energy prices, is expected to rise 4.8% versus 4.6% previously. October’s 6.2% increase was the hottest the CPI has run in more than 30 years, and this past week Federal Reserve Chairman Jerome <a href=\"https://laohu8.com/S/POWL\">Powell</a> finally ditched “transitory” when discussing inflation before the Senate Banking Committee.</p><p><blockquote>美国劳工统计局发布11月份消费者价格指数。市场普遍预计同比增长6.7%，比10月份高出半个百分点。排除波动较大的食品和能源价格的核心CPI预计将上涨4.8%，而此前为4.6%。10月份6.2%的涨幅是CPI 30多年来最热的一次，上周美联储主席杰罗姆<a href=\"https://laohu8.com/S/POWL\">鲍威尔</a>在参议院银行委员会讨论通货膨胀时，最终放弃了“暂时性”。</blockquote></p><p> The University of Michigan releases its Consumer Sentiment index for December. Economists forecast a 66 reading, slightly less than the November data.</p><p><blockquote>密歇根大学发布12月份消费者信心指数。经济学家预测为66，略低于11月份的数据。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/articles/game-stop-toll-brothers-costco-cvs-and-other-stocks-to-watch-this-week-51638734413?mod=barrons-on-marketwatch\">Barrons</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CVS":"西维斯健康","GME":"游戏驿站","BK4088":"住宅建筑","COST":"好市多","TOL":"托尔兄弟"},"source_url":"https://www.marketwatch.com/articles/game-stop-toll-brothers-costco-cvs-and-other-stocks-to-watch-this-week-51638734413?mod=barrons-on-marketwatch","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1179313612","content_text":"Meme stock darling GameStop headlines this week’s earnings report lineup. The videogame retailer reports results after the market closes on Wednesday. AutoZone, Casey’s General Stores, and Toll Brothers report earnings on Tuesday, followed by Brown-Forman and Campbell Soup on Wednesday. Broadcom, Costco Wholesale, and Hormel Foods round things out on Thursday.\nOn Monday, Union Pacific will hold a conference call to discuss its climate action plan. McKesson and Southwest Airlines host their 2021 investor days on Wednesday, followed by CVS Health and Tyson Foods on Thursday.\nThe Federal Reserve’s report on consumer credit data for October will be released on Tuesday. On Thursday, the U.S. Labor Department reports initial jobless claims for the week ending on Dec. 4.\nThe Bureau of Labor Statistics releases the consumer price index for November on Friday. The consensus estimate is for a 6.7% year-over-year jump, half a percentage point more than in October. The core CPI, which excludes volatile food and energy prices, is expected to rise 4.8% versus 4.6% previously.\nMonday 12/6\nUnion Pacific holds a conference call to discuss its climate action plan.\nTuesday 12/7\nAutoZone, Casey’s General Stores, and Toll Brothers announce quarterly results.\nThe Federal Reserve reports on consumer credit data for October. After falling slightly last year, total outstanding consumer debt has risen an average of $20 billion a month through September, and stands at a record $4.37 trillion.\nWednesday 12/8\nThe BLS releases the Job Openings and Labor Turnover Survey. Economists forecast 10.5 million job openings on the last business day of October, only 600,000 less than the record high of 11.1 million in July.\nBrown-Forman, Campbell Soup, and GameStop report earnings.\nMcKesson and Southwest Airlines host their 2021 investor days.\nEdwards Lifesciences holds an investor conference in Irvine, Calif. The company will discuss its product pipeline as well as its financial outlook for 2022.\nThe Bank of Canada announces its monetary-policy decision. The central bank is expected to keep its key short-term interest rate unchanged at 0.25%. At its late-October meeting, the bank ended its quantitative-easing program and signaled that its first interest-rate hike would be earlier in 2022 than had been expected.\nThursday 12/9\nBroadcom, Costco Wholesale, and Hormel Foods hold conference calls to discuss quarterly results.\nCVS Health and Tyson Foods host their annual investor days.\nThe Department of Labor reports initial jobless claims for the week ending on Dec. 4. Jobless claims averaged 238,750 in November, the lowest since the beginning of the pandemic, and just 24,750 more than in February of 2020.\nFriday 12/10\nArcher-Daniels-Midland holds its global investor day.\nCentene holds an investor meeting and will provide financial guidance for 2022.\nThe Bureau of Labor Statistics releases the consumer price index for November. Consensus estimate is for a 6.7% year-over-year jump, half a percentage point more than in October. The core CPI, which excludes volatile food and energy prices, is expected to rise 4.8% versus 4.6% previously. October’s 6.2% increase was the hottest the CPI has run in more than 30 years, and this past week Federal Reserve Chairman Jerome Powell finally ditched “transitory” when discussing inflation before the Senate Banking Committee.\nThe University of Michigan releases its Consumer Sentiment index for December. Economists forecast a 66 reading, slightly less than the November data.","news_type":1,"symbols_score_info":{"CVS":0.9,"GME":0.9,"TOL":0.9,"COST":0.9}},"isVote":1,"tweetType":1,"viewCount":2937,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":872885272,"gmtCreate":1637475289564,"gmtModify":1637475289676,"author":{"id":"3583575708819843","authorId":"3583575708819843","name":"mrzhuge","avatar":"https://static.tigerbbs.com/5334845cffee5a372a7e25268d3684de","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583575708819843","idStr":"3583575708819843"},"themes":[],"htmlText":"Cool&nbsp;","listText":"Cool&nbsp;","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/872885272","repostId":"1156888846","repostType":4,"repost":{"id":"1156888846","kind":"news","pubTimestamp":1637465976,"share":"https://www.laohu8.com/m/news/1156888846?lang=zh_CN&edition=full","pubTime":"2021-11-21 11:39","market":"us","language":"en","title":"Why Ford Is Terminating Its Joint EV Development Plan With Rivian?<blockquote>为什么福特终止与Rivian的联合电动汽车开发计划？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1156888846","media":"Benzinga","summary":"Ford Motor Company, which is one of the early backers of EV startup Rivian Automotive, Inc., is shel","content":"<p><div> Ford Motor Company, which is one of the early backers of EV startup Rivian Automotive, Inc., is shelving its plan to develop an EV with the latter altogether. What Happened:As Ford steps on the gas on...</p><p><blockquote><div>福特汽车公司是电动汽车初创公司Rivian汽车公司的早期支持者之一，该公司正在完全搁置与后者开发电动汽车的计划。发生了什么：当福特踩下油门时...</div></blockquote></p><p>  <a href=\"https://www.benzinga.com/news/21/11/24209309/why-ford-is-terminating-its-joint-ev-development-plan-with-rivian\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.benzinga.com/news/21/11/24209309/why-ford-is-terminating-its-joint-ev-development-plan-with-rivian\">网页连接</a></blockquote></p><p></p>","source":"lsy1606299360108","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Ford Is Terminating Its Joint EV Development Plan With Rivian?<blockquote>为什么福特终止与Rivian的联合电动汽车开发计划？</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Ford Is Terminating Its Joint EV Development Plan With Rivian?<blockquote>为什么福特终止与Rivian的联合电动汽车开发计划？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Benzinga</strong><span class=\"h-time small\">2021-11-21 11:39</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> Ford Motor Company, which is one of the early backers of EV startup Rivian Automotive, Inc., is shelving its plan to develop an EV with the latter altogether. What Happened:As Ford steps on the gas on...</p><p><blockquote><div>福特汽车公司是电动汽车初创公司Rivian汽车公司的早期支持者之一，该公司正在完全搁置与后者开发电动汽车的计划。发生了什么：当福特踩下油门时...</div></blockquote></p><p>  <a href=\"https://www.benzinga.com/news/21/11/24209309/why-ford-is-terminating-its-joint-ev-development-plan-with-rivian\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.benzinga.com/news/21/11/24209309/why-ford-is-terminating-its-joint-ev-development-plan-with-rivian\">网页连接</a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.benzinga.com/news/21/11/24209309/why-ford-is-terminating-its-joint-ev-development-plan-with-rivian\">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":{"RIVN":"Rivian Automotive, Inc.","F":"福特汽车"},"source_url":"https://www.benzinga.com/news/21/11/24209309/why-ford-is-terminating-its-joint-ev-development-plan-with-rivian","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1156888846","content_text":"Ford Motor Company, which is one of the early backers of EV startup Rivian Automotive, Inc., is shelving its plan to develop an EV with the latter altogether.\nWhat Happened:As Ford steps on the gas on its EV transition, the Detroit-based automaker has decided to abandon it plans to jointly develop an EV with Rivian, CEO Jim Farley said in an interview with Automotive News.\nFarley said Ford expects to produce 600,000 vehicles per year by the end of 2023.\nWhen Ford initially invested $500 million in Rivian in 2019, it envisaged developing a Ford branded EV that will come with Rivian's skateboard powertrain. In early 2020, the companies said they are shelving the plans for a Lincoln-branded EV but would go ahead with an alternative vehicle based on Rivian technology.\nThe Ford CEO suggested in the interview that the company is now increasingly confident in competing in the EV space by itself. Another handicap that forced the going-solo decision was the complexities involved in integrating the hardware and software together.\nWhy It's Important:Rivian shares debuted on Wall Street on Nov. 10 following aninitial public offeringat a bumper valuation of over $100 billion. The company's strong debut and the subsequent run up in shares have raised eyebrows over its valuation which has taken it past the market capitalization of legacy U.S. automakers, including Ford.\nRivian's product pipeline consists of RIT, an EV pickup truck, which it began delivering to customers in September. As of Oct. 30, the company produced 180 R1Ts and delivered 156 R1Ts, with the bulk of them going to the company's employees.\nThe company noted that at the end of October, it had preorders of about 55,400 R1Ts and R1Ss. It expects to fill the preorder backlog by the end of 2023.\nFord, for its part, has doubled on itsEV strategyand invested big dollars into its transition toward EVs.\n\"We respect Rivian and have had extensive exploratory discussions with them, however, both sides have agreed not to pursue any kind of joint vehicle development or platform sharing,\" Ford said in an emailed statement to media.\nRivian, meanwhile, confirmed that it is a mutual decision to focus on each of their own projects and deliveries, given Ford has scaled its own EV strategy and demand for Rivian vehicles has grown.\n\"Our relationship with Ford is an important part of our journey, and Ford remains an investor and ally on our shared path to an electrified future\" a Rivian spokesperson said.\nRivian closed Friday's session up 4.23% at $128.60, while Ford closed down 0.87% at $19.39.","news_type":1,"symbols_score_info":{"RIVN":0.9,"F":0.9}},"isVote":1,"tweetType":1,"viewCount":1172,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":693359328,"gmtCreate":1639975044367,"gmtModify":1639975044511,"author":{"id":"3583575708819843","authorId":"3583575708819843","name":"mrzhuge","avatar":"https://static.tigerbbs.com/5334845cffee5a372a7e25268d3684de","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583575708819843","idStr":"3583575708819843"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/693359328","repostId":"2192989909","repostType":4,"isVote":1,"tweetType":1,"viewCount":3709,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":891499446,"gmtCreate":1628407115285,"gmtModify":1633747285932,"author":{"id":"3583575708819843","authorId":"3583575708819843","name":"mrzhuge","avatar":"https://static.tigerbbs.com/5334845cffee5a372a7e25268d3684de","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583575708819843","idStr":"3583575708819843"},"themes":[],"htmlText":"Nice&nbsp;","listText":"Nice&nbsp;","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/891499446","repostId":"1180529438","repostType":4,"repost":{"id":"1180529438","kind":"news","pubTimestamp":1628386129,"share":"https://www.laohu8.com/m/news/1180529438?lang=zh_CN&edition=full","pubTime":"2021-08-08 09:28","market":"us","language":"en","title":"SEC Moves First DeFi Unregistered Securities Lawsuit<blockquote>SEC提起首起DeFi未注册证券诉讼</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1180529438","media":"Benzinga","summary":"The United States Securities and Exchange Commission  sued the organization responsible for the development of a decentralized finance  protocol over activities involved with the project for the first time.What Happened: According to a Friday SEC announcement, the agency has sued Cayman Islands-based Blockchain Credit Partners and two of its top executives over allegedly selling unregistered securities through its DeFi Money Market platform from February 2020 to February 2021. The firm purported","content":"<p><div> The United States Securities and Exchange Commission (SEC) sued the organization responsible for the development of a decentralized finance (DeFi) protocol over activities involved with the project ...</p><p><blockquote><div>美国证券交易委员会（SEC）就该项目涉及的活动起诉了负责开发分散金融（DeFi）协议的组织...</div></blockquote></p><p>  <a href=\"https://www.benzinga.com/markets/cryptocurrency/21/08/22378359/sec-moves-first-defi-unregistered-securities-lawsuit\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.benzinga.com/markets/cryptocurrency/21/08/22378359/sec-moves-first-defi-unregistered-securities-lawsuit\">网页连接</a></blockquote></p><p></p>","source":"lsy1606299360108","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SEC Moves First DeFi Unregistered Securities Lawsuit<blockquote>SEC提起首起DeFi未注册证券诉讼</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSEC Moves First DeFi Unregistered Securities Lawsuit<blockquote>SEC提起首起DeFi未注册证券诉讼</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Benzinga</strong><span class=\"h-time small\">2021-08-08 09:28</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> The United States Securities and Exchange Commission (SEC) sued the organization responsible for the development of a decentralized finance (DeFi) protocol over activities involved with the project ...</p><p><blockquote><div>美国证券交易委员会（SEC）就该项目涉及的活动起诉了负责开发分散金融（DeFi）协议的组织...</div></blockquote></p><p>  <a href=\"https://www.benzinga.com/markets/cryptocurrency/21/08/22378359/sec-moves-first-defi-unregistered-securities-lawsuit\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.benzinga.com/markets/cryptocurrency/21/08/22378359/sec-moves-first-defi-unregistered-securities-lawsuit\">网页连接</a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.benzinga.com/markets/cryptocurrency/21/08/22378359/sec-moves-first-defi-unregistered-securities-lawsuit\">Benzinga</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://www.benzinga.com/markets/cryptocurrency/21/08/22378359/sec-moves-first-defi-unregistered-securities-lawsuit","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1180529438","content_text":"The United States Securities and Exchange Commission (SEC) sued the organization responsible for the development of a decentralized finance (DeFi) protocol over activities involved with the project for the first time.\nWhat Happened: According to a Friday SEC announcement, the agency has sued Cayman Islands-based Blockchain Credit Partners and two of its top executives over allegedly selling unregistered securities through its DeFi Money Market platform from February 2020 to February 2021. The firm purportedly sold over $30 million worth of two types of tokens that the SEC deemed to be securities that should have been registered as such.\nThe SEC notes that Blockchain Credit Partners founders Gregory Keough and Derek Acree will have to pay fines of $125,000 while the company itself also agreed to pay $12.8 million in disgorgement. The settlement does not indicate an admition or denial the accusations.\nNew Game, Old Rules?\nSEC Enforcement Director Gurbir Grewal explained that \"full and honest disclosure remains the cornerstone of our securities laws — no matter what technologies are used to offer and sell those securities.\" This comment makes it very clear that slapping the DeFi label on a project and hoping to avoid regulation this way works no better than calling it a \"utility token\" prevented falling under the SEC's scrutiny during 2017's initial coin offering craze.\nThe SEC is trying to send the clear rule that the new kind of financial organizations that operate on blockchains have to still play by the old rules that govern traditional finance. At the same time, market onlookers are not sure if the regulator is actually right.\nIn a way, it is a tour de force where the regulator wins every time it has a way to take enforcement action, but these new organizations potentially have a very real way to make enforcement impossible — or at the very least impractical. The only protection against enforcement by the SEC and other regulators is decentralization and the only reason why the SEC was able to act in this case is that a centralized organization such as Blockchain Credit Partners exists.\nWhat's Next:If no company exists and all that there is to a DeFi protocol is a set of smart contracts deployed on a blockchain by a group of anonymous developers scattered around the world there is very little that the SEC can do short of attacking the blockchain itself. This is where the decentralization of the underlying blockchain comes into play: will the regulators for instance be able to force Ethereum's (CRYPTO: ETH) core development team to write an update stopping such a project?\nIf the regulators would actually be able to force the blockchain's developers to write such an update, would node operators and miners or stakers adopt this software or would they refuse to? Such situations will be the real test of the decentralization and reliability of any blockchain that many are waiting to happen. Regulators are seeing power slipping away between their fingers like sand, and they are going to try to grab it.","news_type":1,"symbols_score_info":{"COIN":0.9}},"isVote":1,"tweetType":1,"viewCount":506,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":845564268,"gmtCreate":1636352598506,"gmtModify":1636352719687,"author":{"id":"3583575708819843","authorId":"3583575708819843","name":"mrzhuge","avatar":"https://static.tigerbbs.com/5334845cffee5a372a7e25268d3684de","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583575708819843","idStr":"3583575708819843"},"themes":[],"htmlText":"Cool&nbsp;","listText":"Cool&nbsp;","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/845564268","repostId":"2181284457","repostType":4,"isVote":1,"tweetType":1,"viewCount":652,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":821096507,"gmtCreate":1633670753555,"gmtModify":1633670753694,"author":{"id":"3583575708819843","authorId":"3583575708819843","name":"mrzhuge","avatar":"https://static.tigerbbs.com/5334845cffee5a372a7e25268d3684de","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583575708819843","idStr":"3583575708819843"},"themes":[],"htmlText":"Yea","listText":"Yea","text":"Yea","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/821096507","repostId":"1157362059","repostType":4,"repost":{"id":"1157362059","kind":"news","pubTimestamp":1633670528,"share":"https://www.laohu8.com/m/news/1157362059?lang=zh_CN&edition=full","pubTime":"2021-10-08 13:22","market":"us","language":"en","title":"Airbnb: Good Prospects Jeopardized By High Expectations<blockquote>爱彼迎：良好前景因高期望而受到损害</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1157362059","media":"Seeking Alpha","summary":"Summary\n\nDespite the financial struggles, Airbnb is coming out of the pandemic with brighter long-te","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Despite the financial struggles, Airbnb is coming out of the pandemic with brighter long-term prospects than how it went in.</li>  <li>Now, with the reopening and unwind of pandemic measures, Airbnb will see unprecedented demand.</li>  <li>Near-term cyclical swing benefits seem to be reflected in Street expectations and company valuation. Airbnb will be penalized severely if it underdelivers.</li>  <li>Despite the long-term prospects, Airbnb isn’t the company for me today. I see better risk-reward elsewhere.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/86f89e4405d20534ffb04abe21c93360\" tg-width=\"1536\" tg-height=\"1024\" width=\"100%\" height=\"auto\"><span>hocus-focus/iStock Unreleased via Getty Images</span></p><p><blockquote><ul><li>尽管面临财务困境，但爱彼迎在摆脱疫情后的长期前景比过去更加光明。</li><li>现在，随着疫情措施的重新开放和放松，爱彼迎将看到前所未有的需求。</li><li>近期周期性波动的好处似乎反映在华尔街预期和公司估值上。如果爱彼迎表现不佳，将受到严厉处罚。</li><li>尽管前景广阔，但爱彼迎今天并不适合我。我在其他地方看到了更好的风险回报。</li></ul><p class=\"t-img-caption\"><span>hocus-focus/iStock未通过Getty Images发布</span></p></blockquote></p><p> Investment Thesis</p><p><blockquote>投资论文</blockquote></p><p> Airbnb(NASDAQ:ABNB)was a pandemic winner from a long-term perspective. The company will see unprecedented demand over the coming months. It also benefits from secular long-term tailwinds. To cap it all off, it has clear and concrete verticals that it could easily tap to generate new revenue streams.</p><p><blockquote>从长期角度来看，Airbnb（纳斯达克股票代码：ABNB）是大流行的赢家。未来几个月，该公司将迎来前所未有的需求。它还受益于长期的顺风。最重要的是，它拥有清晰而具体的垂直市场，可以轻松利用这些市场来创造新的收入来源。</blockquote></p><p> However, expectations seem to have factored all of these benefits in. The near-term revenue estimates are high and have gotten higher as the reopening picture became clearer. The company's multiple is higher than both industry peers and category leaders, implying high expectations of the future. High expectations and high valuations open the door to large drawdowns from likely disappointments.</p><p><blockquote>然而，预期似乎已经考虑到了所有这些好处。近期收入预期很高，而且随着重新开放的前景变得更加清晰，收入预期还会更高。该公司的市盈率高于行业同行和类别领导者，意味着对未来的高期望。高期望和高估值为可能的失望导致大幅回撤打开了大门。</blockquote></p><p> Putting it all together, risks outweigh the rewards for me as I see better reopening plays elsewhere.</p><p><blockquote>总而言之，对我来说，风险大于回报，因为我在其他地方看到了更好的重新开放。</blockquote></p><p> <b>Airbnb is a Reopening Winner Boosted by the Pandemic</b></p><p><blockquote><b>受疫情推动，爱彼迎成为重新开放的赢家</b></blockquote></p><p> Accommodation providers were among the worst-hit losers of the pandemic. Lockdowns forced people to stay at home. Even without lockdowns, most borders were closed. And even with open borders, people were fearing the virus and didn’t travel. This unprecedented halt in demand truly tested the resiliency of the sector.</p><p><blockquote>住宿提供商是疫情受打击最严重的输家之一。封锁迫使人们呆在家里。即使没有封锁，大多数边境也是关闭的。即使边境开放，人们也害怕病毒，不去旅行。这种前所未有的需求停滞真正考验了该行业的弹性。</blockquote></p><p> Airbnb, though, managed to capitalize on the pandemic both in the short and long term. Alternate accommodation benefited from closed borders and the inability and risk of long-distance travel as well as from social distancing. Many consumers opted for nearby vacation homes where they could get to safely and didn’t need to interact with other guests or hotel staff. Airbnb, as the leading alternate accommodation player, benefited. Airbnb used 2021 to improve itself and grow its sector. It&nbsp;announced in early 2021&nbsp;that it was going to educate the world about Airbnb, recruit more hosts, simplify the guest journey, and deliver world-class service. The plan seems to be working as evident in Airbnb’s revenue recovery. The company’s 2021 Q2 revenues were more than the most recent pre-pandemic data point of 2019 Q4 and this is extraordinary given the performance of Airbnb’s peers (all peers significantly below pre-pandemic levels, chart below). The shift to alternate accommodation arising from extraordinary factors was free advertising for Airbnb. Many people that had tried or would not try Airbnb were pushed into being a customer. Those that have had good experiences are likely to return. Airbnb’s pandemic struggles will result in long-term gains thanks to good crisis management.</p><p><blockquote>不过，爱彼迎在短期和长期内都成功地利用了这一流行病。替代住所受益于关闭的边界、长途旅行的无能和风险以及社会距离。许多消费者选择附近的度假屋，在那里他们可以安全到达，不需要与其他客人或酒店工作人员互动。爱彼迎作为候补住宿龙头受益。爱彼迎利用2021年来改善自己并发展其行业。它在2021年初宣布，将向世界介绍爱彼迎，招募更多主持人，简化客人的旅程，并提供世界一流的服务。该计划似乎在爱彼迎的收入复苏中发挥了明显的作用。该公司2021年第二季度的收入超过了2019年第四季度大流行前的最新数据点，考虑到爱彼迎同行的表现（所有同行都明显低于大流行前的水平，如下图），这是非同寻常的。由于特殊因素而转向替代住所是爱彼迎的免费广告。许多尝试过或不愿尝试爱彼迎的人被迫成为顾客。那些有过好经历的人很可能会回来。由于良好的危机管理，爱彼迎的疫情斗争将带来长期收益。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f7bb3fa959db14ded964a37401dc9632\" tg-width=\"640\" tg-height=\"177\" width=\"100%\" height=\"auto\"><span>Source: CapitalIQ, author analysis</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：CapitalIQ，作者分析</span></p></blockquote></p><p> The next leg of the pandemic is an unwind of what we’ve seen so far. With vaccination rates rising in the West and case counts inflecting lower, reopening awaits us. The reopening will see massive growth in travel. Consumers have been forced indoors for a year and a half and will make up for the lost time. The pent-up demand combined with the unused vacation days and unspent hotel points and airline miles will boost the travel industry over the coming months.</p><p><blockquote>疫情的下一站是我们目前所看到的放松。随着西方疫苗接种率的上升和病例数的下降，重新开放等待着我们。重新开放将见证旅游业的大幅增长。消费者已经被迫在室内呆了一年半，将弥补失去的时间。被压抑的需求加上未使用的假期、未使用的酒店积分和航空里程将在未来几个月提振旅游业。</blockquote></p><p> Overall spending budgets will be boosted by high accumulated savings. Social distancing has dramatically decreased in-person discretionary spending, while massive government aid increased disposable incomes to bring the&nbsp;personal savings rate to all-time highs. These savings will melt towards discretionary purchases in the coming months and one of the wallet share winners will be travel.</p><p><blockquote>高累积储蓄将提振整体支出预算。社交距离大幅减少了个人可自由支配支出，而大规模的政府援助增加了可支配收入，使个人储蓄率达到历史新高。这些储蓄将在未来几个月内用于可自由支配的购买，而旅行将是钱包份额的赢家之一。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/a628b854734591ce062c9c245a9201cf\" tg-width=\"640\" tg-height=\"195\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p></p><p> Airbnb is well-positioned to capitalize on the reopening. The company is aware of the potential and its “single priority for 2021 has been to prepare for the travel rebound”. Many consumers will still be afraid of catching the virus despite potentially low case counts and vaccination. Additionally, a significant portion of pre-pandemic hotel preferers will opt for Airbnb. Airbnb will gain a large portion of the larger reopening wallet share. The pandemic-induced habit of using Airbnb will likely linger in the reopening.</p><p><blockquote>爱彼迎处于有利地位，可以利用重新开放。该公司意识到了这一潜力，其“2021年的首要任务是为旅行反弹做好准备”。尽管病例数和疫苗接种可能较低，但许多消费者仍然害怕感染病毒。此外，很大一部分大流行前的酒店偏好者将选择爱彼迎。爱彼迎将获得重新开放钱包份额的很大一部分。疫情引发的使用爱彼迎的习惯可能会在重新开放期间持续存在。</blockquote></p><p> Airbnb will not only be one of the key, but also one of the first beneficiaries of the reopening. Airbnb had a major city and cross-border travel focus before the pandemic of&nbsp;about 50% of revenue. The company’s supply depends on hosts and hosts are in major cities. People traveling to new countries want to see landmark cities. Tourism towards major cities is disproportionally dependent on international travel. Luckily for Airbnb, major cities where we’ve seen the worst of the pandemic and international travel, especially within the West (Airbnb makes ~80% of revenues from North America and EU) will be among the earlier areas to open.</p><p><blockquote>爱彼迎不仅将是关键之一，也是重新开放的首批受益者之一。在大流行之前，爱彼迎的主要城市和跨境旅游重点约占收入的50%。公司供货靠主机，主机在各大城市。去新国家旅行的人想看看标志性的城市。前往主要城市的旅游业不成比例地依赖国际旅行。对爱彼迎来说幸运的是，我们看到疫情和国际旅行最严重的主要城市，尤其是在西方（爱彼迎约80%的收入来自北美和欧盟），将是较早开放的地区之一。</blockquote></p><p> One worries whether the supply is a constraint for the reopening as the number of hosts and lodging could be a limiting factor given unprecedented coming demand. But this is unlikely an issue as Airbnb has been growing its supply over the past two years&nbsp;while nights and experiences booked fell. Again, management is aware of the travel rebound and is doing its best to monetize it. While hotels may not be able to work at full capacity due to government mandate and won’t be able to build new rooms, excess capacity will be available at Airbnb as demand comes.</p><p><blockquote>人们担心供应是否会限制重新开放，因为鉴于前所未有的需求，主人和住宿的数量可能是一个限制因素。但这不太可能是一个问题，因为爱彼迎在过去两年中一直在增加供应，而预订的住宿和体验却在下降。管理层再次意识到旅行反弹，并正在尽最大努力将其货币化。虽然由于政府的命令，酒店可能无法满负荷运营，也无法建造新房间，但随着需求的到来，爱彼迎将会出现过剩的产能。</blockquote></p><p> Overall, despite being hurt financially by the pandemic, Airbnb is a hidden pandemic winner with long-term gains. The company is well situated to be a winner over the short term as well by capitalizing on the upcoming extraordinary travel demand.</p><p><blockquote>总体而言，尽管爱彼迎在经济上受到了大流行的伤害，但它是一个隐藏的大流行赢家，并获得了长期收益。通过利用即将到来的非凡旅行需求，该公司也有能力在短期内成为赢家。</blockquote></p><p> <b>Airbnb Will be a More Profitable Company Going Forward</b></p><p><blockquote><b>爱彼迎未来将成为一家盈利能力更强的公司</b></blockquote></p><p> Airbnb became a leaner company throughout the pandemic. The company cut 1,900 jobs or&nbsp;25% of its workforce&nbsp;during the crisis and&nbsp;halted most non-essential spending. These cost-cutting measures should remain sticky and boost long-term profitability. Airbnb may face lower acquisition costs out of the pandemic as well. Brand value of Airbnb grew to become a household name. The company’s services will be the go-to place for travel bookings for many consumers. This will result in lower costs paid to third parties to acquire traffic. The street expects 23% EBITDA margins from the company in 2023, which is much higher than what we’ve seen so far and closer to peers. Airbnb will be more profitable thanks to the pandemic.</p><p><blockquote>在整个大流行期间，爱彼迎成为了一家更精简的公司。危机期间，该公司裁员1,900人，占员工总数的25%，并停止了大多数非必要支出。这些成本削减措施应该保持粘性并提高长期盈利能力。爱彼迎也可能因疫情而面临更低的收购成本。爱彼迎的品牌价值逐渐成为家喻户晓的名字。该公司的服务将成为许多消费者预订旅行的首选。这将降低支付给第三方获取流量的成本。华尔街预计该公司2023年的EBITDA利润率为23%，远高于我们迄今为止看到的水平，也更接近同行。由于疫情，爱彼迎的利润将更高。</blockquote></p><p> <b>The Reopening Benefit is Expected</b></p><p><blockquote><b>重开利好可期</b></blockquote></p><p> Reopening winners are a key focus for me in the coming months. I see a lot of alpha in buying winners where consensus is lacking behind. This is a good risk-reward trade for me due to the near-term time horizon and the specific catalyst.</p><p><blockquote>重新开放获奖者是我未来几个月的重点。我在购买缺乏共识的赢家时看到了很多阿尔法。由于近期的时间范围和特定的催化剂，这对我来说是一个很好的风险回报交易。</blockquote></p><p> Unfortunately, Airbnb doesn’t seem to be what I’m looking for. If we look at consensus expectations of Airbnb we see that they reflect what I explained above. The market increased Airbnb revenue estimates with expectations of a recovery. Revenue estimates for FY22 increased by 20% since last December. I say increased with expectations of recovery due to the front-load of revisions. The rate of positive revisions declines as further out the estimates go (charts below).</p><p><blockquote>不幸的是，爱彼迎似乎不是我要找的人。如果我们看看对爱彼迎的共识预期，我们会发现它们反映了我上面解释的内容。市场上调了爱彼迎营收预期，预期复苏。自去年12月以来，2022财年的收入预期增长了20%。我说，由于前期修订，随着复苏预期的增加而增加。随着预期的进一步超出，积极修正的比率会下降（下图）。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bad3d3c8df5d1b861b36eee38bee10f5\" tg-width=\"320\" tg-height=\"104\" width=\"100%\" height=\"auto\"><span>Source: CapitalIQ, author analysis</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：CapitalIQ，作者分析</span></p></blockquote></p><p> <img src=\"https://static.tigerbbs.com/c8564e09b5c2d77f0ad0e2db50b29144\" tg-width=\"640\" tg-height=\"304\" width=\"100%\" height=\"auto\"><img src=\"https://static.tigerbbs.com/84c6b27f9bf316f8d16b667576fc3d21\" tg-width=\"640\" tg-height=\"300\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/dcebffd8c9af4c6d1d63655c454f9c99\" tg-width=\"640\" tg-height=\"290\" width=\"100%\" height=\"auto\"><span>Source: CapitalIQ</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：CapitalIQ</span></p></blockquote></p><p> Consensus isn’t getting sandbagged here as well. Some companies manage Street expectations by setting the bar low to anchor analyst estimates and then over-deliver, Airbnb doesn’t seem to be one of those companies currently. Analysts were expecting 20% more revenue than the $1.65 bn Airbnb guided towards at the time of guidance and are up to 24% currently for Q3. This is a much larger gap than one would normally see and shows the high expectations of Airbnb.</p><p><blockquote>共识在这里也没有被沙袋化。一些公司通过设定较低的标准来锚定分析师的预期，然后超额交付来管理华尔街的预期，爱彼迎目前似乎不是这些公司之一。分析师预计第三季度的收入将比爱彼迎指导时16.5亿美元高出20%，目前这一数字高达24%。这是一个比人们通常看到的要大得多的差距，显示了人们对爱彼迎的高期望。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e6e454f555a0b0ff085397cfddf30380\" tg-width=\"640\" tg-height=\"173\" width=\"100%\" height=\"auto\"><span>Source: CapitalIQ</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：CapitalIQ</span></p></blockquote></p><p></p><p> The consensus is aggressive. All the upward revisions have resulted in revenue expectations that are 35%, 80%, and 120% higher than what Airbnb achieved in the last twelve months for FY22, FY23, and FY24 respectively. Airbnb could of course deliver, it is perfectly situated to deliver amazing quarters, but it isn’t the reopening play for me. I see better risk-reward in other reopening winners with much easier bars to clear (see my articles on&nbsp;Ulta(NASDAQ:ULTA),Revolve(NYSE:RVLV), and&nbsp;Square(NYSE:SQ)).</p><p><blockquote>共识是积极的。所有上调均导致Airbnb过去12个月22财年、2023财年和24财年的收入预期分别高出35%、80%和120%。爱彼迎当然可以提供，它地理位置优越，可以提供令人惊叹的季度，但对我来说这不是重新开放的游戏。我在其他重新开放的赢家身上看到了更好的风险回报，而且更容易清除酒吧（请参阅我关于Ulta（纳斯达克股票代码：ULTA）、Revolve（纽约证券交易所股票代码：RVLV）和Square（纽约证券交易所股票代码：SQ）的文章）。</blockquote></p><p> <b>Airbnb Price is High</b></p><p><blockquote><b>爱彼迎价格高</b></blockquote></p><p> If Airbnb has depressed multiples, it could deliver even if it falls short of consensus estimates. Conversely, high multiples mean high confidence in future growth and are a broad reflection of positive sentiment. Positive sentiment is generally a disadvantage as it's much easier to turn a positive sentiment neutral or negative with an earnings miss than it is to turn it even more positive with a blowout quarter.</p><p><blockquote>如果爱彼迎降低了市盈率，即使低于市场普遍预期，它也可能实现目标。相反，高市盈率意味着对未来增长的高度信心，是积极情绪的广泛反映。积极情绪通常是一个缺点，因为在盈利不佳的情况下将积极情绪转为中性或负面比在井喷的季度中将积极情绪转为更加积极要容易得多。</blockquote></p><p> I want to judge Airbnb’s valuation as fairly as possible. The market values future growth for a name like Airbnb, which I agree with. I factor in future growth by looking at multiples over CY23 revenues and the speed of growth between CY20 and CY23 in my comparison. Bulls also like to separate Airbnb from its peers as a category leader, which I don’t agree with. It may be not the same as a hotel, but it sure is a substitute in the eyes of the consumer in the overwhelming majority of cases (for now at least). But I will also compare its multiples and growth expectations to other category leaders to give it the benefit of the doubt.</p><p><blockquote>我想尽可能公平地判断爱彼迎的估值。市场重视像爱彼迎这样的名字的未来增长，我同意这一点。在我的比较中，我通过查看23年收入的倍数以及20年和23年之间的增长速度来考虑未来的增长。多头还喜欢将爱彼迎作为类别领导者与同行区分开来，但我不同意这一点。它可能与酒店不同，但在绝大多数情况下，它肯定是消费者眼中的替代品（至少目前如此）。但我也会将其市盈率和增长预期与其他类别领导者进行比较，以假定其无罪。</blockquote></p><p> The valuation is rich. For me, Booking Holdings(NASDAQ:BKNG)is a good comparison. Booking also is a travel marketplace with fast growth and a bright future. One might say that Booking is also richly priced as it is well above its peers, but Airbnb is on another level trading at more than double where Booking is despite having similar growth expectations. Booking is more profitable, having EBITDA margins of 14% vs. extremely negative margins of Airbnb (-64%), and is expected to remain significantly more profitable into the future with 37% FY23 expected EBITDA margins vs. 23% for Airbnb. Let’s not forget that rest of these companies are well situated to benefit from the reopening as well, perhaps even more so than Airbnb with hotels gaining back lost share.</p><p><blockquote>估值丰厚。对我来说，Booking Holdings（纳斯达克股票代码：BKNG）是一个很好的比较。预订也是一个快速增长和光明前景的旅游市场。有人可能会说，Booking的定价也很高，因为它远高于同行，但爱彼迎的交易价格是Booking的两倍多，尽管有类似的增长预期。Booking的利润更高，EBITDA利润率为14%，而Airbnb的利润率极负(-64%)，预计未来利润将大幅提高，2023财年预计EBITDA利润率为37%，而Airbnb为23%。我们不要忘记，这些公司的其余部分也有能力从重新开业中受益，甚至可能比爱彼迎更受益，因为酒店正在夺回失去的份额。</blockquote></p><p> Sector leader comparison is kinder, but still yields the same result. Here we have DoorDash(NYSE:DASH)as the closest peer in terms of multiples, but is still significantly less expensive despite having a similar growth rate. Uber(NYSE:UBER)for example is another name that will benefit from the reopening due to its mobility and sharing focus, is trading grossly cheaper than Airbnb, while expected to grow at a similar rate.</p><p><blockquote>行业领导者的比较更友好，但仍然产生相同的结果。就市盈率而言，DoorDash（纽约证券交易所股票代码：DASH）是最接近的同行，但尽管增长率相似，但价格仍然明显较低。例如，优步（纽约证券交易所股票代码：UBER）是另一个将受益于重新开放的公司，因为它专注于移动性和共享，其交易价格比爱彼迎便宜得多，但预计将以类似的速度增长。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5704bdc5cf32c4889f12fceb24245303\" tg-width=\"640\" tg-height=\"377\" width=\"100%\" height=\"auto\"><span>Source: CapitalIQ, author analysis</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：CapitalIQ，作者分析</span></p></blockquote></p><p> Airbnb is expected to trade much richer than the sector for a long time. I went and looked at when Airbnb’s extremely high multiples would compress enough to reach those of its peers thinking that the higher growth would bring them down quickly. This isn’t the case. With the current enterprise value and consensus, Airbnb will reach Booking’s next twelve-month revenue and EBITDA multiples in 5 years and earnings multiples in 7. Again, let’s not forget that Booking is also growing fast and will also compress its multiples. I see that Airbnb has clearer options to add new revenue streams but a lot of this is clearly in the price today.</p><p><blockquote>预计爱彼迎的交易将在很长一段时间内比该行业富裕得多。我去研究了爱彼迎极高的市盈率何时会压缩到足以达到那些认为更高的增长会使它们迅速下降的同行。事实并非如此。根据目前的企业价值和共识，爱彼迎将在5年内达到Booking未来12个月的收入和EBITDA倍数，在7年内达到盈利倍数。同样，我们不要忘记预订也在快速增长，也会压缩其倍数。我看到爱彼迎有更明确的选择来增加新的收入来源，但其中很多显然都在今天的价格中。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5ce82fbe26634b44aeb8417204b1ebda\" tg-width=\"413\" tg-height=\"188\" width=\"100%\" height=\"auto\"><span>Source: CapitalIQ, author analysis</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：CapitalIQ，作者分析</span></p></blockquote></p><p> Overall, I see poor risk-reward for the reopening bull thesis of Airbnb. Expectations factor in maybe not all but a good portion of outperformance over the near term. The valuation is high and has a lot of expectations built in. This makes the stock price vulnerable to changes in near-term sentiment despite the long-term nature of these expectations.</p><p><blockquote>总体而言，我认为爱彼迎重新开放的牛市论点的风险回报较低。预期因素可能不是短期内表现优异的全部因素，而是很大一部分因素。估值很高，并且有很多预期。这使得股价容易受到近期情绪变化的影响，尽管这些预期具有长期性质。</blockquote></p><p> Interest Rate Sensitivity</p><p><blockquote>利率敏感性</blockquote></p><p> Airbnb is vulnerable to macroeconomic risks. I wrote before on my views on the future of rates and the vulnerability of the growth complex in depth (hereandhere). I expect a bear steepener environment over the coming months, that is rising rates accompanied by a steepening curve. This, if correct, would result in a higher discount factor via a higher risk-free rate. A high risk-free rate will have an outsized effect on fast growth equities with far-out cash flows. Airbnb is amongst the longest duration names with a price to sales multiple of 23x. A higher discount rate would dramatically change the company valuation and, in theory, decrease the stock price.</p><p><blockquote>爱彼迎容易受到宏观经济风险的影响。我之前写过我对利率未来和增长复合体脆弱性的深入看法（这里和这里）。我预计未来几个月熊市环境将更加陡峭，即利率上升伴随着曲线陡峭。如果这是正确的，将通过更高的无风险利率导致更高的贴现系数。高无风险利率将对现金流强劲的快速增长股票产生巨大影响。爱彼迎是持续时间最长的公司之一，市销率为23倍。较高的贴现率会极大地改变公司估值，理论上会降低股价。</blockquote></p><p> <b>Excellent Prospects for the Long Term</b></p><p><blockquote><b>长期前景良好</b></blockquote></p><p></p><p> Despite my unattraction for the near term, Airbnb has a lot going for it. Just the shift from hotels to alternative accommodations alone should boost growth for many years to come. The company is at the beginning of its journey of gaining a significant share out of the massive global lodging market. In addition to this, Airbnb has a lot of initiatives that it can take to create new revenue streams.</p><p><blockquote>尽管我在短期内没有吸引力，但爱彼迎有很多优势。仅从酒店到替代住宿的转变就应该会促进未来许多年的增长。该公司正处于从庞大的全球住宿市场中获得重要份额的旅程的开始。除此之外，爱彼迎还有很多举措可以用来创造新的收入来源。</blockquote></p><p> The easiest of these are short-term rentals. By short I mean longer than vacation stay, so from about a couple of weeks to a year or so. This is an underserved market for which there is a lot of demand. Expats, project-focused business travelers, students especially ones studying abroad, interns, and long vacationers are all target markets for such a product. It’d be easy for Airbnb to add services in this category as well, as it already has the supply and the marketing capabilities. I expect longer-term rentals to become an important category for Airbnb in the future.</p><p><blockquote>其中最简单的是短期租赁。我说的短是指比假期更长的时间，所以从几周到一年左右。这是一个服务不足的市场，但需求很大。外籍人士、专注于项目的商务旅行者、学生（尤其是在国外学习的学生）、实习生和长假者都是这种产品的目标市场。爱彼迎也很容易在这一类别中添加服务，因为它已经拥有供应和营销能力。我预计长期租赁将成为爱彼迎未来的一个重要类别。</blockquote></p><p> Airbnb could gain a larger share of value by integrating upstream. Airbnb could host or co-host. It has demand data and financial capabilities which would make it a great investor in properties. Airbnb-hosted properties would resemble private label products sold in chain supermarkets, or on Amazon(NASDAQ:AMZN)for that matter. I doubt that the company would prioritize this as it may push current hosts away, but I’d be surprised if Airbnb didn’t delve into hosting in the future.</p><p><blockquote>爱彼迎可以通过整合上游来获得更大的价值份额。爱彼迎可以主持或共同主持。它拥有需求数据和财务能力，这将使其成为一个伟大的房地产投资者。Airbnb托管的房产类似于连锁超市或亚马逊（纳斯达克股票代码：AMZN）上销售的自有品牌产品。我怀疑该公司会优先考虑这一点，因为它可能会赶走当前的主机，但如果爱彼迎在未来不深入研究主机，我会感到惊讶。</blockquote></p><p> Airbnb could begin to sell ancillary services. Airbnb could provide cleaning services with its own cleaning crew. Cleaning is a necessity before every booking and could significantly increase monetization. Airbnb could also provide insurance for hosts. One of the main worries of people thinking of becoming hosts is damage to or loss of property. Airbnb has a lot of data on claims and could provide insurance to hosts with an efficient actuary. An insurance offer would also increase the supply of properties as well with more hosts joining the platform.</p><p><blockquote>爱彼迎可以开始销售辅助服务。爱彼迎可以用自己的清洁人员提供清洁服务。每次预订前，清洁都是必要的，可以显著增加货币化。爱彼迎还可以为东道主提供保险。考虑成为主人的人的主要担忧之一是财产的损坏或损失。爱彼迎拥有大量索赔数据，可以通过高效的精算师为东道主提供保险。保险优惠也将增加房产的供应，以及更多的房东加入该平台。</blockquote></p><p> There are a lot of growth levers that Airbnb could pull but I expect none in the near term. Airbnb has all of its focus on capitalizing on the travel rebound and with 25% fewer employees due to cost cuts it’s unlikely to add new products soon.</p><p><blockquote>爱彼迎可以拉动很多增长杠杆，但我预计短期内不会有。爱彼迎的所有重点都放在利用旅游业的反弹上，由于成本削减，员工减少了25%，因此不太可能很快增加新产品。</blockquote></p><p> <b>Overall the Risk-Reward isn’t Favorable For Me (Today)</b></p><p><blockquote><b>总体而言，风险回报对我不利（今天）</b></blockquote></p><p> I like Airbnb’s operations, track record, and near and short-term prospects. It’s done very well navigating through choppy times and took advantage of the pandemic with agility. I expect Airbnb to see tremendous growth over the near term and to gain a growing share of the hospitality market over the long term.</p><p><blockquote>我喜欢爱彼迎的运营、业绩记录以及近期和短期前景。它在动荡时期做得非常好，并灵活地利用了疫情。我预计爱彼迎将在短期内实现巨大增长，并在长期内获得越来越大的酒店市场份额。</blockquote></p><p> However, my expectations of Airbnb seem to be reflected in Street estimates and the company’s valuation. I see high execution risk and a large potential downwards stock reaction to any disappointments but capped upside unless we see blowout quarters. Thus, I am on the sidelines on Airbnb for now.</p><p><blockquote>然而，我对爱彼迎的预期似乎反映在华尔街的估计和公司的估值上。我认为执行风险很高，股票对任何失望都有很大的潜在下行反应，但除非我们看到井喷季度，否则上涨空间有限。因此，我目前对爱彼迎持观望态度。</blockquote></p><p> <b>How I Could be Wrong Either Way</b></p><p><blockquote><b>我怎么会错呢</b></blockquote></p><p> I always want to give the entire picture in my analysis and in this section, I will try to provide how the stock price could meaningfully move higher or lower from areas I haven’t covered in the article.</p><p><blockquote>我总是想在我的分析中给出整个情况，在本节中，我将尝试提供股价如何从我在文章中没有涉及的领域有意义地走高或走低。</blockquote></p><p> The consumer preference between hotels vs. alternate accommodation highly influences Airbnb. The pandemic saw the latter win. It is reasonable to expect an unwind of this trend. I didn’t mention this in my article as I think it will be gradual and the high upcoming demand will overcome the micro move. But my assumption could be wrong, consumers could overwhelmingly prefer hotels which would make life very difficult for Airbnb. Conversely, pandemic choices could remain sticky and Airbnb could keep its pandemic era gains. Consumer preferences of style of stay will be highly decisive for Airbnb in the future.</p><p><blockquote>消费者对酒店和替代住宿的偏好极大地影响了爱彼迎。疫情看到了后者的胜利。有理由预期这一趋势会有所缓和。我没有在我的文章中提到这一点，因为我认为这将是渐进的，即将到来的高需求将克服微观波动。但我的假设可能是错误的，消费者可能会压倒性地更喜欢酒店，这将使爱彼迎的生活非常困难。相反，大流行的选择可能仍然具有粘性，爱彼迎可能会保持大流行时代的收益。消费者对住宿方式的偏好将在未来对爱彼迎具有高度决定性。</blockquote></p><p> The macroeconomic picture will be another deciding factor. A better than expected reopening demand will be a tide lifts all boats situation, while a subdued one would wreak havoc in the hospitality industry. A prolonged pandemic, especially in a situation with less government aid, would also significantly harm Airbnb prospects. I mentioned that I expected a rising rate environment and that Airbnb valuation would be harmed by it, the vice versa of what I wrote is true. Airbnb would greatly benefit from falling rates all else equal.</p><p><blockquote>宏观经济形势将是另一个决定性因素。好于预期的重新开放需求将是一种水涨船高的局面，而低迷的需求将对酒店业造成严重破坏。长期的疫情，尤其是在政府援助较少的情况下，也将严重损害爱彼迎的前景。我提到我预计利率环境会上升，爱彼迎的估值会因此受到损害，我所写的恰恰相反。在其他条件相同的情况下，爱彼迎将从利率下降中受益匪浅。</blockquote></p><p></p><p> Profitability will be an area to watch coming out of the pandemic. I already mentioned higher margins going forward. But these margins are still significantly below what is expected of peers (consensus EBITDA margins for CY23: Airbnb 23% vs. TripAdvisor(NASDAQ:TRIP)33%, Booking Holdings 37%). Airbnb could deliver on the upside in an environment of excess demand. Moreover, the low traffic acquisition costs I wrote about may not be in the consensus and could provide an upside. Conversely, some job cuts may have been premature and/or crisis management, and Airbnb could need to regrow its workforce contracting margins back down.</p><p><blockquote>盈利能力将是疫情之后值得关注的一个领域。我已经提到了未来更高的利润率。但这些利润率仍明显低于同行的预期（2023年EBITDA利润率共识：Airbnb 23%，TripAdvisor（纳斯达克：TRIP）33%，Booking Holdings 37%）。爱彼迎可以在需求过剩的环境下实现上行。此外，我所写的低流量获取成本可能不在共识中，可能会提供一个优势。相反，一些裁员可能为时过早和/或危机管理，爱彼迎可能需要重新增加劳动力，收缩利润率。</blockquote></p><p> Despite unlikely with the management’s reopening focus and reduced headcount, if Airbnb manages to launch one of the products I’ve mentioned, it will likely be met with a positive reaction. A new revenue stream will cause analysts to reevaluate long-term growth expectations and increase revenue estimates.</p><p><blockquote>尽管管理层不太可能重新开业并减少员工人数，但如果爱彼迎设法推出我提到的产品之一，它可能会得到积极的反应。新的收入来源将导致分析师重新评估长期增长预期并提高收入预期。</blockquote></p><p> Let’s not forget about the big risk facing Airbnb, regulation. A lot of cities were pressured to impose regulations on Airbnb pre-pandemic. Regulatory risks clout the future and uncertainty is always a big negative for investors. These issues resurfacing, despite the outcome, could hamper Airbnb stock.</p><p><blockquote>我们不要忘记爱彼迎面临的巨大风险，监管。在大流行之前，许多城市被迫对爱彼迎实施法规。监管风险影响未来，不确定性对投资者来说始终是一大利空。不管结果如何，这些问题重新浮出水面可能会阻碍爱彼迎的股票。</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>Airbnb: Good Prospects Jeopardized By High Expectations<blockquote>爱彼迎：良好前景因高期望而受到损害</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\">\nAirbnb: Good Prospects Jeopardized By High Expectations<blockquote>爱彼迎：良好前景因高期望而受到损害</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Seeking Alpha</strong><span class=\"h-time small\">2021-10-08 13:22</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>Despite the financial struggles, Airbnb is coming out of the pandemic with brighter long-term prospects than how it went in.</li>  <li>Now, with the reopening and unwind of pandemic measures, Airbnb will see unprecedented demand.</li>  <li>Near-term cyclical swing benefits seem to be reflected in Street expectations and company valuation. Airbnb will be penalized severely if it underdelivers.</li>  <li>Despite the long-term prospects, Airbnb isn’t the company for me today. I see better risk-reward elsewhere.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/86f89e4405d20534ffb04abe21c93360\" tg-width=\"1536\" tg-height=\"1024\" width=\"100%\" height=\"auto\"><span>hocus-focus/iStock Unreleased via Getty Images</span></p><p><blockquote><ul><li>尽管面临财务困境，但爱彼迎在摆脱疫情后的长期前景比过去更加光明。</li><li>现在，随着疫情措施的重新开放和放松，爱彼迎将看到前所未有的需求。</li><li>近期周期性波动的好处似乎反映在华尔街预期和公司估值上。如果爱彼迎表现不佳，将受到严厉处罚。</li><li>尽管前景广阔，但爱彼迎今天并不适合我。我在其他地方看到了更好的风险回报。</li></ul><p class=\"t-img-caption\"><span>hocus-focus/iStock未通过Getty Images发布</span></p></blockquote></p><p> Investment Thesis</p><p><blockquote>投资论文</blockquote></p><p> Airbnb(NASDAQ:ABNB)was a pandemic winner from a long-term perspective. The company will see unprecedented demand over the coming months. It also benefits from secular long-term tailwinds. To cap it all off, it has clear and concrete verticals that it could easily tap to generate new revenue streams.</p><p><blockquote>从长期角度来看，Airbnb（纳斯达克股票代码：ABNB）是大流行的赢家。未来几个月，该公司将迎来前所未有的需求。它还受益于长期的顺风。最重要的是，它拥有清晰而具体的垂直市场，可以轻松利用这些市场来创造新的收入来源。</blockquote></p><p> However, expectations seem to have factored all of these benefits in. The near-term revenue estimates are high and have gotten higher as the reopening picture became clearer. The company's multiple is higher than both industry peers and category leaders, implying high expectations of the future. High expectations and high valuations open the door to large drawdowns from likely disappointments.</p><p><blockquote>然而，预期似乎已经考虑到了所有这些好处。近期收入预期很高，而且随着重新开放的前景变得更加清晰，收入预期还会更高。该公司的市盈率高于行业同行和类别领导者，意味着对未来的高期望。高期望和高估值为可能的失望导致大幅回撤打开了大门。</blockquote></p><p> Putting it all together, risks outweigh the rewards for me as I see better reopening plays elsewhere.</p><p><blockquote>总而言之，对我来说，风险大于回报，因为我在其他地方看到了更好的重新开放。</blockquote></p><p> <b>Airbnb is a Reopening Winner Boosted by the Pandemic</b></p><p><blockquote><b>受疫情推动，爱彼迎成为重新开放的赢家</b></blockquote></p><p> Accommodation providers were among the worst-hit losers of the pandemic. Lockdowns forced people to stay at home. Even without lockdowns, most borders were closed. And even with open borders, people were fearing the virus and didn’t travel. This unprecedented halt in demand truly tested the resiliency of the sector.</p><p><blockquote>住宿提供商是疫情受打击最严重的输家之一。封锁迫使人们呆在家里。即使没有封锁，大多数边境也是关闭的。即使边境开放，人们也害怕病毒，不去旅行。这种前所未有的需求停滞真正考验了该行业的弹性。</blockquote></p><p> Airbnb, though, managed to capitalize on the pandemic both in the short and long term. Alternate accommodation benefited from closed borders and the inability and risk of long-distance travel as well as from social distancing. Many consumers opted for nearby vacation homes where they could get to safely and didn’t need to interact with other guests or hotel staff. Airbnb, as the leading alternate accommodation player, benefited. Airbnb used 2021 to improve itself and grow its sector. It&nbsp;announced in early 2021&nbsp;that it was going to educate the world about Airbnb, recruit more hosts, simplify the guest journey, and deliver world-class service. The plan seems to be working as evident in Airbnb’s revenue recovery. The company’s 2021 Q2 revenues were more than the most recent pre-pandemic data point of 2019 Q4 and this is extraordinary given the performance of Airbnb’s peers (all peers significantly below pre-pandemic levels, chart below). The shift to alternate accommodation arising from extraordinary factors was free advertising for Airbnb. Many people that had tried or would not try Airbnb were pushed into being a customer. Those that have had good experiences are likely to return. Airbnb’s pandemic struggles will result in long-term gains thanks to good crisis management.</p><p><blockquote>不过，爱彼迎在短期和长期内都成功地利用了这一流行病。替代住所受益于关闭的边界、长途旅行的无能和风险以及社会距离。许多消费者选择附近的度假屋，在那里他们可以安全到达，不需要与其他客人或酒店工作人员互动。爱彼迎作为候补住宿龙头受益。爱彼迎利用2021年来改善自己并发展其行业。它在2021年初宣布，将向世界介绍爱彼迎，招募更多主持人，简化客人的旅程，并提供世界一流的服务。该计划似乎在爱彼迎的收入复苏中发挥了明显的作用。该公司2021年第二季度的收入超过了2019年第四季度大流行前的最新数据点，考虑到爱彼迎同行的表现（所有同行都明显低于大流行前的水平，如下图），这是非同寻常的。由于特殊因素而转向替代住所是爱彼迎的免费广告。许多尝试过或不愿尝试爱彼迎的人被迫成为顾客。那些有过好经历的人很可能会回来。由于良好的危机管理，爱彼迎的疫情斗争将带来长期收益。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f7bb3fa959db14ded964a37401dc9632\" tg-width=\"640\" tg-height=\"177\" width=\"100%\" height=\"auto\"><span>Source: CapitalIQ, author analysis</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：CapitalIQ，作者分析</span></p></blockquote></p><p> The next leg of the pandemic is an unwind of what we’ve seen so far. With vaccination rates rising in the West and case counts inflecting lower, reopening awaits us. The reopening will see massive growth in travel. Consumers have been forced indoors for a year and a half and will make up for the lost time. The pent-up demand combined with the unused vacation days and unspent hotel points and airline miles will boost the travel industry over the coming months.</p><p><blockquote>疫情的下一站是我们目前所看到的放松。随着西方疫苗接种率的上升和病例数的下降，重新开放等待着我们。重新开放将见证旅游业的大幅增长。消费者已经被迫在室内呆了一年半，将弥补失去的时间。被压抑的需求加上未使用的假期、未使用的酒店积分和航空里程将在未来几个月提振旅游业。</blockquote></p><p> Overall spending budgets will be boosted by high accumulated savings. Social distancing has dramatically decreased in-person discretionary spending, while massive government aid increased disposable incomes to bring the&nbsp;personal savings rate to all-time highs. These savings will melt towards discretionary purchases in the coming months and one of the wallet share winners will be travel.</p><p><blockquote>高累积储蓄将提振整体支出预算。社交距离大幅减少了个人可自由支配支出，而大规模的政府援助增加了可支配收入，使个人储蓄率达到历史新高。这些储蓄将在未来几个月内用于可自由支配的购买，而旅行将是钱包份额的赢家之一。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/a628b854734591ce062c9c245a9201cf\" tg-width=\"640\" tg-height=\"195\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p></p><p> Airbnb is well-positioned to capitalize on the reopening. The company is aware of the potential and its “single priority for 2021 has been to prepare for the travel rebound”. Many consumers will still be afraid of catching the virus despite potentially low case counts and vaccination. Additionally, a significant portion of pre-pandemic hotel preferers will opt for Airbnb. Airbnb will gain a large portion of the larger reopening wallet share. The pandemic-induced habit of using Airbnb will likely linger in the reopening.</p><p><blockquote>爱彼迎处于有利地位，可以利用重新开放。该公司意识到了这一潜力，其“2021年的首要任务是为旅行反弹做好准备”。尽管病例数和疫苗接种可能较低，但许多消费者仍然害怕感染病毒。此外，很大一部分大流行前的酒店偏好者将选择爱彼迎。爱彼迎将获得重新开放钱包份额的很大一部分。疫情引发的使用爱彼迎的习惯可能会在重新开放期间持续存在。</blockquote></p><p> Airbnb will not only be one of the key, but also one of the first beneficiaries of the reopening. Airbnb had a major city and cross-border travel focus before the pandemic of&nbsp;about 50% of revenue. The company’s supply depends on hosts and hosts are in major cities. People traveling to new countries want to see landmark cities. Tourism towards major cities is disproportionally dependent on international travel. Luckily for Airbnb, major cities where we’ve seen the worst of the pandemic and international travel, especially within the West (Airbnb makes ~80% of revenues from North America and EU) will be among the earlier areas to open.</p><p><blockquote>爱彼迎不仅将是关键之一，也是重新开放的首批受益者之一。在大流行之前，爱彼迎的主要城市和跨境旅游重点约占收入的50%。公司供货靠主机，主机在各大城市。去新国家旅行的人想看看标志性的城市。前往主要城市的旅游业不成比例地依赖国际旅行。对爱彼迎来说幸运的是，我们看到疫情和国际旅行最严重的主要城市，尤其是在西方（爱彼迎约80%的收入来自北美和欧盟），将是较早开放的地区之一。</blockquote></p><p> One worries whether the supply is a constraint for the reopening as the number of hosts and lodging could be a limiting factor given unprecedented coming demand. But this is unlikely an issue as Airbnb has been growing its supply over the past two years&nbsp;while nights and experiences booked fell. Again, management is aware of the travel rebound and is doing its best to monetize it. While hotels may not be able to work at full capacity due to government mandate and won’t be able to build new rooms, excess capacity will be available at Airbnb as demand comes.</p><p><blockquote>人们担心供应是否会限制重新开放，因为鉴于前所未有的需求，主人和住宿的数量可能是一个限制因素。但这不太可能是一个问题，因为爱彼迎在过去两年中一直在增加供应，而预订的住宿和体验却在下降。管理层再次意识到旅行反弹，并正在尽最大努力将其货币化。虽然由于政府的命令，酒店可能无法满负荷运营，也无法建造新房间，但随着需求的到来，爱彼迎将会出现过剩的产能。</blockquote></p><p> Overall, despite being hurt financially by the pandemic, Airbnb is a hidden pandemic winner with long-term gains. The company is well situated to be a winner over the short term as well by capitalizing on the upcoming extraordinary travel demand.</p><p><blockquote>总体而言，尽管爱彼迎在经济上受到了大流行的伤害，但它是一个隐藏的大流行赢家，并获得了长期收益。通过利用即将到来的非凡旅行需求，该公司也有能力在短期内成为赢家。</blockquote></p><p> <b>Airbnb Will be a More Profitable Company Going Forward</b></p><p><blockquote><b>爱彼迎未来将成为一家盈利能力更强的公司</b></blockquote></p><p> Airbnb became a leaner company throughout the pandemic. The company cut 1,900 jobs or&nbsp;25% of its workforce&nbsp;during the crisis and&nbsp;halted most non-essential spending. These cost-cutting measures should remain sticky and boost long-term profitability. Airbnb may face lower acquisition costs out of the pandemic as well. Brand value of Airbnb grew to become a household name. The company’s services will be the go-to place for travel bookings for many consumers. This will result in lower costs paid to third parties to acquire traffic. The street expects 23% EBITDA margins from the company in 2023, which is much higher than what we’ve seen so far and closer to peers. Airbnb will be more profitable thanks to the pandemic.</p><p><blockquote>在整个大流行期间，爱彼迎成为了一家更精简的公司。危机期间，该公司裁员1,900人，占员工总数的25%，并停止了大多数非必要支出。这些成本削减措施应该保持粘性并提高长期盈利能力。爱彼迎也可能因疫情而面临更低的收购成本。爱彼迎的品牌价值逐渐成为家喻户晓的名字。该公司的服务将成为许多消费者预订旅行的首选。这将降低支付给第三方获取流量的成本。华尔街预计该公司2023年的EBITDA利润率为23%，远高于我们迄今为止看到的水平，也更接近同行。由于疫情，爱彼迎的利润将更高。</blockquote></p><p> <b>The Reopening Benefit is Expected</b></p><p><blockquote><b>重开利好可期</b></blockquote></p><p> Reopening winners are a key focus for me in the coming months. I see a lot of alpha in buying winners where consensus is lacking behind. This is a good risk-reward trade for me due to the near-term time horizon and the specific catalyst.</p><p><blockquote>重新开放获奖者是我未来几个月的重点。我在购买缺乏共识的赢家时看到了很多阿尔法。由于近期的时间范围和特定的催化剂，这对我来说是一个很好的风险回报交易。</blockquote></p><p> Unfortunately, Airbnb doesn’t seem to be what I’m looking for. If we look at consensus expectations of Airbnb we see that they reflect what I explained above. The market increased Airbnb revenue estimates with expectations of a recovery. Revenue estimates for FY22 increased by 20% since last December. I say increased with expectations of recovery due to the front-load of revisions. The rate of positive revisions declines as further out the estimates go (charts below).</p><p><blockquote>不幸的是，爱彼迎似乎不是我要找的人。如果我们看看对爱彼迎的共识预期，我们会发现它们反映了我上面解释的内容。市场上调了爱彼迎营收预期，预期复苏。自去年12月以来，2022财年的收入预期增长了20%。我说，由于前期修订，随着复苏预期的增加而增加。随着预期的进一步超出，积极修正的比率会下降（下图）。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bad3d3c8df5d1b861b36eee38bee10f5\" tg-width=\"320\" tg-height=\"104\" width=\"100%\" height=\"auto\"><span>Source: CapitalIQ, author analysis</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：CapitalIQ，作者分析</span></p></blockquote></p><p> <img src=\"https://static.tigerbbs.com/c8564e09b5c2d77f0ad0e2db50b29144\" tg-width=\"640\" tg-height=\"304\" width=\"100%\" height=\"auto\"><img src=\"https://static.tigerbbs.com/84c6b27f9bf316f8d16b667576fc3d21\" tg-width=\"640\" tg-height=\"300\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/dcebffd8c9af4c6d1d63655c454f9c99\" tg-width=\"640\" tg-height=\"290\" width=\"100%\" height=\"auto\"><span>Source: CapitalIQ</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：CapitalIQ</span></p></blockquote></p><p> Consensus isn’t getting sandbagged here as well. Some companies manage Street expectations by setting the bar low to anchor analyst estimates and then over-deliver, Airbnb doesn’t seem to be one of those companies currently. Analysts were expecting 20% more revenue than the $1.65 bn Airbnb guided towards at the time of guidance and are up to 24% currently for Q3. This is a much larger gap than one would normally see and shows the high expectations of Airbnb.</p><p><blockquote>共识在这里也没有被沙袋化。一些公司通过设定较低的标准来锚定分析师的预期，然后超额交付来管理华尔街的预期，爱彼迎目前似乎不是这些公司之一。分析师预计第三季度的收入将比爱彼迎指导时16.5亿美元高出20%，目前这一数字高达24%。这是一个比人们通常看到的要大得多的差距，显示了人们对爱彼迎的高期望。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e6e454f555a0b0ff085397cfddf30380\" tg-width=\"640\" tg-height=\"173\" width=\"100%\" height=\"auto\"><span>Source: CapitalIQ</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：CapitalIQ</span></p></blockquote></p><p></p><p> The consensus is aggressive. All the upward revisions have resulted in revenue expectations that are 35%, 80%, and 120% higher than what Airbnb achieved in the last twelve months for FY22, FY23, and FY24 respectively. Airbnb could of course deliver, it is perfectly situated to deliver amazing quarters, but it isn’t the reopening play for me. I see better risk-reward in other reopening winners with much easier bars to clear (see my articles on&nbsp;Ulta(NASDAQ:ULTA),Revolve(NYSE:RVLV), and&nbsp;Square(NYSE:SQ)).</p><p><blockquote>共识是积极的。所有上调均导致Airbnb过去12个月22财年、2023财年和24财年的收入预期分别高出35%、80%和120%。爱彼迎当然可以提供，它地理位置优越，可以提供令人惊叹的季度，但对我来说这不是重新开放的游戏。我在其他重新开放的赢家身上看到了更好的风险回报，而且更容易清除酒吧（请参阅我关于Ulta（纳斯达克股票代码：ULTA）、Revolve（纽约证券交易所股票代码：RVLV）和Square（纽约证券交易所股票代码：SQ）的文章）。</blockquote></p><p> <b>Airbnb Price is High</b></p><p><blockquote><b>爱彼迎价格高</b></blockquote></p><p> If Airbnb has depressed multiples, it could deliver even if it falls short of consensus estimates. Conversely, high multiples mean high confidence in future growth and are a broad reflection of positive sentiment. Positive sentiment is generally a disadvantage as it's much easier to turn a positive sentiment neutral or negative with an earnings miss than it is to turn it even more positive with a blowout quarter.</p><p><blockquote>如果爱彼迎降低了市盈率，即使低于市场普遍预期，它也可能实现目标。相反，高市盈率意味着对未来增长的高度信心，是积极情绪的广泛反映。积极情绪通常是一个缺点，因为在盈利不佳的情况下将积极情绪转为中性或负面比在井喷的季度中将积极情绪转为更加积极要容易得多。</blockquote></p><p> I want to judge Airbnb’s valuation as fairly as possible. The market values future growth for a name like Airbnb, which I agree with. I factor in future growth by looking at multiples over CY23 revenues and the speed of growth between CY20 and CY23 in my comparison. Bulls also like to separate Airbnb from its peers as a category leader, which I don’t agree with. It may be not the same as a hotel, but it sure is a substitute in the eyes of the consumer in the overwhelming majority of cases (for now at least). But I will also compare its multiples and growth expectations to other category leaders to give it the benefit of the doubt.</p><p><blockquote>我想尽可能公平地判断爱彼迎的估值。市场重视像爱彼迎这样的名字的未来增长，我同意这一点。在我的比较中，我通过查看23年收入的倍数以及20年和23年之间的增长速度来考虑未来的增长。多头还喜欢将爱彼迎作为类别领导者与同行区分开来，但我不同意这一点。它可能与酒店不同，但在绝大多数情况下，它肯定是消费者眼中的替代品（至少目前如此）。但我也会将其市盈率和增长预期与其他类别领导者进行比较，以假定其无罪。</blockquote></p><p> The valuation is rich. For me, Booking Holdings(NASDAQ:BKNG)is a good comparison. Booking also is a travel marketplace with fast growth and a bright future. One might say that Booking is also richly priced as it is well above its peers, but Airbnb is on another level trading at more than double where Booking is despite having similar growth expectations. Booking is more profitable, having EBITDA margins of 14% vs. extremely negative margins of Airbnb (-64%), and is expected to remain significantly more profitable into the future with 37% FY23 expected EBITDA margins vs. 23% for Airbnb. Let’s not forget that rest of these companies are well situated to benefit from the reopening as well, perhaps even more so than Airbnb with hotels gaining back lost share.</p><p><blockquote>估值丰厚。对我来说，Booking Holdings（纳斯达克股票代码：BKNG）是一个很好的比较。预订也是一个快速增长和光明前景的旅游市场。有人可能会说，Booking的定价也很高，因为它远高于同行，但爱彼迎的交易价格是Booking的两倍多，尽管有类似的增长预期。Booking的利润更高，EBITDA利润率为14%，而Airbnb的利润率极负(-64%)，预计未来利润将大幅提高，2023财年预计EBITDA利润率为37%，而Airbnb为23%。我们不要忘记，这些公司的其余部分也有能力从重新开业中受益，甚至可能比爱彼迎更受益，因为酒店正在夺回失去的份额。</blockquote></p><p> Sector leader comparison is kinder, but still yields the same result. Here we have DoorDash(NYSE:DASH)as the closest peer in terms of multiples, but is still significantly less expensive despite having a similar growth rate. Uber(NYSE:UBER)for example is another name that will benefit from the reopening due to its mobility and sharing focus, is trading grossly cheaper than Airbnb, while expected to grow at a similar rate.</p><p><blockquote>行业领导者的比较更友好，但仍然产生相同的结果。就市盈率而言，DoorDash（纽约证券交易所股票代码：DASH）是最接近的同行，但尽管增长率相似，但价格仍然明显较低。例如，优步（纽约证券交易所股票代码：UBER）是另一个将受益于重新开放的公司，因为它专注于移动性和共享，其交易价格比爱彼迎便宜得多，但预计将以类似的速度增长。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5704bdc5cf32c4889f12fceb24245303\" tg-width=\"640\" tg-height=\"377\" width=\"100%\" height=\"auto\"><span>Source: CapitalIQ, author analysis</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：CapitalIQ，作者分析</span></p></blockquote></p><p> Airbnb is expected to trade much richer than the sector for a long time. I went and looked at when Airbnb’s extremely high multiples would compress enough to reach those of its peers thinking that the higher growth would bring them down quickly. This isn’t the case. With the current enterprise value and consensus, Airbnb will reach Booking’s next twelve-month revenue and EBITDA multiples in 5 years and earnings multiples in 7. Again, let’s not forget that Booking is also growing fast and will also compress its multiples. I see that Airbnb has clearer options to add new revenue streams but a lot of this is clearly in the price today.</p><p><blockquote>预计爱彼迎的交易将在很长一段时间内比该行业富裕得多。我去研究了爱彼迎极高的市盈率何时会压缩到足以达到那些认为更高的增长会使它们迅速下降的同行。事实并非如此。根据目前的企业价值和共识，爱彼迎将在5年内达到Booking未来12个月的收入和EBITDA倍数，在7年内达到盈利倍数。同样，我们不要忘记预订也在快速增长，也会压缩其倍数。我看到爱彼迎有更明确的选择来增加新的收入来源，但其中很多显然都在今天的价格中。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5ce82fbe26634b44aeb8417204b1ebda\" tg-width=\"413\" tg-height=\"188\" width=\"100%\" height=\"auto\"><span>Source: CapitalIQ, author analysis</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：CapitalIQ，作者分析</span></p></blockquote></p><p> Overall, I see poor risk-reward for the reopening bull thesis of Airbnb. Expectations factor in maybe not all but a good portion of outperformance over the near term. The valuation is high and has a lot of expectations built in. This makes the stock price vulnerable to changes in near-term sentiment despite the long-term nature of these expectations.</p><p><blockquote>总体而言，我认为爱彼迎重新开放的牛市论点的风险回报较低。预期因素可能不是短期内表现优异的全部因素，而是很大一部分因素。估值很高，并且有很多预期。这使得股价容易受到近期情绪变化的影响，尽管这些预期具有长期性质。</blockquote></p><p> Interest Rate Sensitivity</p><p><blockquote>利率敏感性</blockquote></p><p> Airbnb is vulnerable to macroeconomic risks. I wrote before on my views on the future of rates and the vulnerability of the growth complex in depth (hereandhere). I expect a bear steepener environment over the coming months, that is rising rates accompanied by a steepening curve. This, if correct, would result in a higher discount factor via a higher risk-free rate. A high risk-free rate will have an outsized effect on fast growth equities with far-out cash flows. Airbnb is amongst the longest duration names with a price to sales multiple of 23x. A higher discount rate would dramatically change the company valuation and, in theory, decrease the stock price.</p><p><blockquote>爱彼迎容易受到宏观经济风险的影响。我之前写过我对利率未来和增长复合体脆弱性的深入看法（这里和这里）。我预计未来几个月熊市环境将更加陡峭，即利率上升伴随着曲线陡峭。如果这是正确的，将通过更高的无风险利率导致更高的贴现系数。高无风险利率将对现金流强劲的快速增长股票产生巨大影响。爱彼迎是持续时间最长的公司之一，市销率为23倍。较高的贴现率会极大地改变公司估值，理论上会降低股价。</blockquote></p><p> <b>Excellent Prospects for the Long Term</b></p><p><blockquote><b>长期前景良好</b></blockquote></p><p></p><p> Despite my unattraction for the near term, Airbnb has a lot going for it. Just the shift from hotels to alternative accommodations alone should boost growth for many years to come. The company is at the beginning of its journey of gaining a significant share out of the massive global lodging market. In addition to this, Airbnb has a lot of initiatives that it can take to create new revenue streams.</p><p><blockquote>尽管我在短期内没有吸引力，但爱彼迎有很多优势。仅从酒店到替代住宿的转变就应该会促进未来许多年的增长。该公司正处于从庞大的全球住宿市场中获得重要份额的旅程的开始。除此之外，爱彼迎还有很多举措可以用来创造新的收入来源。</blockquote></p><p> The easiest of these are short-term rentals. By short I mean longer than vacation stay, so from about a couple of weeks to a year or so. This is an underserved market for which there is a lot of demand. Expats, project-focused business travelers, students especially ones studying abroad, interns, and long vacationers are all target markets for such a product. It’d be easy for Airbnb to add services in this category as well, as it already has the supply and the marketing capabilities. I expect longer-term rentals to become an important category for Airbnb in the future.</p><p><blockquote>其中最简单的是短期租赁。我说的短是指比假期更长的时间，所以从几周到一年左右。这是一个服务不足的市场，但需求很大。外籍人士、专注于项目的商务旅行者、学生（尤其是在国外学习的学生）、实习生和长假者都是这种产品的目标市场。爱彼迎也很容易在这一类别中添加服务，因为它已经拥有供应和营销能力。我预计长期租赁将成为爱彼迎未来的一个重要类别。</blockquote></p><p> Airbnb could gain a larger share of value by integrating upstream. Airbnb could host or co-host. It has demand data and financial capabilities which would make it a great investor in properties. Airbnb-hosted properties would resemble private label products sold in chain supermarkets, or on Amazon(NASDAQ:AMZN)for that matter. I doubt that the company would prioritize this as it may push current hosts away, but I’d be surprised if Airbnb didn’t delve into hosting in the future.</p><p><blockquote>爱彼迎可以通过整合上游来获得更大的价值份额。爱彼迎可以主持或共同主持。它拥有需求数据和财务能力，这将使其成为一个伟大的房地产投资者。Airbnb托管的房产类似于连锁超市或亚马逊（纳斯达克股票代码：AMZN）上销售的自有品牌产品。我怀疑该公司会优先考虑这一点，因为它可能会赶走当前的主机，但如果爱彼迎在未来不深入研究主机，我会感到惊讶。</blockquote></p><p> Airbnb could begin to sell ancillary services. Airbnb could provide cleaning services with its own cleaning crew. Cleaning is a necessity before every booking and could significantly increase monetization. Airbnb could also provide insurance for hosts. One of the main worries of people thinking of becoming hosts is damage to or loss of property. Airbnb has a lot of data on claims and could provide insurance to hosts with an efficient actuary. An insurance offer would also increase the supply of properties as well with more hosts joining the platform.</p><p><blockquote>爱彼迎可以开始销售辅助服务。爱彼迎可以用自己的清洁人员提供清洁服务。每次预订前，清洁都是必要的，可以显著增加货币化。爱彼迎还可以为东道主提供保险。考虑成为主人的人的主要担忧之一是财产的损坏或损失。爱彼迎拥有大量索赔数据，可以通过高效的精算师为东道主提供保险。保险优惠也将增加房产的供应，以及更多的房东加入该平台。</blockquote></p><p> There are a lot of growth levers that Airbnb could pull but I expect none in the near term. Airbnb has all of its focus on capitalizing on the travel rebound and with 25% fewer employees due to cost cuts it’s unlikely to add new products soon.</p><p><blockquote>爱彼迎可以拉动很多增长杠杆，但我预计短期内不会有。爱彼迎的所有重点都放在利用旅游业的反弹上，由于成本削减，员工减少了25%，因此不太可能很快增加新产品。</blockquote></p><p> <b>Overall the Risk-Reward isn’t Favorable For Me (Today)</b></p><p><blockquote><b>总体而言，风险回报对我不利（今天）</b></blockquote></p><p> I like Airbnb’s operations, track record, and near and short-term prospects. It’s done very well navigating through choppy times and took advantage of the pandemic with agility. I expect Airbnb to see tremendous growth over the near term and to gain a growing share of the hospitality market over the long term.</p><p><blockquote>我喜欢爱彼迎的运营、业绩记录以及近期和短期前景。它在动荡时期做得非常好，并灵活地利用了疫情。我预计爱彼迎将在短期内实现巨大增长，并在长期内获得越来越大的酒店市场份额。</blockquote></p><p> However, my expectations of Airbnb seem to be reflected in Street estimates and the company’s valuation. I see high execution risk and a large potential downwards stock reaction to any disappointments but capped upside unless we see blowout quarters. Thus, I am on the sidelines on Airbnb for now.</p><p><blockquote>然而，我对爱彼迎的预期似乎反映在华尔街的估计和公司的估值上。我认为执行风险很高，股票对任何失望都有很大的潜在下行反应，但除非我们看到井喷季度，否则上涨空间有限。因此，我目前对爱彼迎持观望态度。</blockquote></p><p> <b>How I Could be Wrong Either Way</b></p><p><blockquote><b>我怎么会错呢</b></blockquote></p><p> I always want to give the entire picture in my analysis and in this section, I will try to provide how the stock price could meaningfully move higher or lower from areas I haven’t covered in the article.</p><p><blockquote>我总是想在我的分析中给出整个情况，在本节中，我将尝试提供股价如何从我在文章中没有涉及的领域有意义地走高或走低。</blockquote></p><p> The consumer preference between hotels vs. alternate accommodation highly influences Airbnb. The pandemic saw the latter win. It is reasonable to expect an unwind of this trend. I didn’t mention this in my article as I think it will be gradual and the high upcoming demand will overcome the micro move. But my assumption could be wrong, consumers could overwhelmingly prefer hotels which would make life very difficult for Airbnb. Conversely, pandemic choices could remain sticky and Airbnb could keep its pandemic era gains. Consumer preferences of style of stay will be highly decisive for Airbnb in the future.</p><p><blockquote>消费者对酒店和替代住宿的偏好极大地影响了爱彼迎。疫情看到了后者的胜利。有理由预期这一趋势会有所缓和。我没有在我的文章中提到这一点，因为我认为这将是渐进的，即将到来的高需求将克服微观波动。但我的假设可能是错误的，消费者可能会压倒性地更喜欢酒店，这将使爱彼迎的生活非常困难。相反，大流行的选择可能仍然具有粘性，爱彼迎可能会保持大流行时代的收益。消费者对住宿方式的偏好将在未来对爱彼迎具有高度决定性。</blockquote></p><p> The macroeconomic picture will be another deciding factor. A better than expected reopening demand will be a tide lifts all boats situation, while a subdued one would wreak havoc in the hospitality industry. A prolonged pandemic, especially in a situation with less government aid, would also significantly harm Airbnb prospects. I mentioned that I expected a rising rate environment and that Airbnb valuation would be harmed by it, the vice versa of what I wrote is true. Airbnb would greatly benefit from falling rates all else equal.</p><p><blockquote>宏观经济形势将是另一个决定性因素。好于预期的重新开放需求将是一种水涨船高的局面，而低迷的需求将对酒店业造成严重破坏。长期的疫情，尤其是在政府援助较少的情况下，也将严重损害爱彼迎的前景。我提到我预计利率环境会上升，爱彼迎的估值会因此受到损害，我所写的恰恰相反。在其他条件相同的情况下，爱彼迎将从利率下降中受益匪浅。</blockquote></p><p></p><p> Profitability will be an area to watch coming out of the pandemic. I already mentioned higher margins going forward. But these margins are still significantly below what is expected of peers (consensus EBITDA margins for CY23: Airbnb 23% vs. TripAdvisor(NASDAQ:TRIP)33%, Booking Holdings 37%). Airbnb could deliver on the upside in an environment of excess demand. Moreover, the low traffic acquisition costs I wrote about may not be in the consensus and could provide an upside. Conversely, some job cuts may have been premature and/or crisis management, and Airbnb could need to regrow its workforce contracting margins back down.</p><p><blockquote>盈利能力将是疫情之后值得关注的一个领域。我已经提到了未来更高的利润率。但这些利润率仍明显低于同行的预期（2023年EBITDA利润率共识：Airbnb 23%，TripAdvisor（纳斯达克：TRIP）33%，Booking Holdings 37%）。爱彼迎可以在需求过剩的环境下实现上行。此外，我所写的低流量获取成本可能不在共识中，可能会提供一个优势。相反，一些裁员可能为时过早和/或危机管理，爱彼迎可能需要重新增加劳动力，收缩利润率。</blockquote></p><p> Despite unlikely with the management’s reopening focus and reduced headcount, if Airbnb manages to launch one of the products I’ve mentioned, it will likely be met with a positive reaction. A new revenue stream will cause analysts to reevaluate long-term growth expectations and increase revenue estimates.</p><p><blockquote>尽管管理层不太可能重新开业并减少员工人数，但如果爱彼迎设法推出我提到的产品之一，它可能会得到积极的反应。新的收入来源将导致分析师重新评估长期增长预期并提高收入预期。</blockquote></p><p> Let’s not forget about the big risk facing Airbnb, regulation. A lot of cities were pressured to impose regulations on Airbnb pre-pandemic. Regulatory risks clout the future and uncertainty is always a big negative for investors. These issues resurfacing, despite the outcome, could hamper Airbnb stock.</p><p><blockquote>我们不要忘记爱彼迎面临的巨大风险，监管。在大流行之前，许多城市被迫对爱彼迎实施法规。监管风险影响未来，不确定性对投资者来说始终是一大利空。不管结果如何，这些问题重新浮出水面可能会阻碍爱彼迎的股票。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4458951-airbnb-good-prospects-jeopardized-by-high-expectations\">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":{"ABNB":"爱彼迎"},"source_url":"https://seekingalpha.com/article/4458951-airbnb-good-prospects-jeopardized-by-high-expectations","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1157362059","content_text":"Summary\n\nDespite the financial struggles, Airbnb is coming out of the pandemic with brighter long-term prospects than how it went in.\nNow, with the reopening and unwind of pandemic measures, Airbnb will see unprecedented demand.\nNear-term cyclical swing benefits seem to be reflected in Street expectations and company valuation. Airbnb will be penalized severely if it underdelivers.\nDespite the long-term prospects, Airbnb isn’t the company for me today. I see better risk-reward elsewhere.\n\nhocus-focus/iStock Unreleased via Getty Images\nInvestment Thesis\nAirbnb(NASDAQ:ABNB)was a pandemic winner from a long-term perspective. The company will see unprecedented demand over the coming months. It also benefits from secular long-term tailwinds. To cap it all off, it has clear and concrete verticals that it could easily tap to generate new revenue streams.\nHowever, expectations seem to have factored all of these benefits in. The near-term revenue estimates are high and have gotten higher as the reopening picture became clearer. The company's multiple is higher than both industry peers and category leaders, implying high expectations of the future. High expectations and high valuations open the door to large drawdowns from likely disappointments.\nPutting it all together, risks outweigh the rewards for me as I see better reopening plays elsewhere.\nAirbnb is a Reopening Winner Boosted by the Pandemic\nAccommodation providers were among the worst-hit losers of the pandemic. Lockdowns forced people to stay at home. Even without lockdowns, most borders were closed. And even with open borders, people were fearing the virus and didn’t travel. This unprecedented halt in demand truly tested the resiliency of the sector.\nAirbnb, though, managed to capitalize on the pandemic both in the short and long term. Alternate accommodation benefited from closed borders and the inability and risk of long-distance travel as well as from social distancing. Many consumers opted for nearby vacation homes where they could get to safely and didn’t need to interact with other guests or hotel staff. Airbnb, as the leading alternate accommodation player, benefited. Airbnb used 2021 to improve itself and grow its sector. It announced in early 2021 that it was going to educate the world about Airbnb, recruit more hosts, simplify the guest journey, and deliver world-class service. The plan seems to be working as evident in Airbnb’s revenue recovery. The company’s 2021 Q2 revenues were more than the most recent pre-pandemic data point of 2019 Q4 and this is extraordinary given the performance of Airbnb’s peers (all peers significantly below pre-pandemic levels, chart below). The shift to alternate accommodation arising from extraordinary factors was free advertising for Airbnb. Many people that had tried or would not try Airbnb were pushed into being a customer. Those that have had good experiences are likely to return. Airbnb’s pandemic struggles will result in long-term gains thanks to good crisis management.\nSource: CapitalIQ, author analysis\nThe next leg of the pandemic is an unwind of what we’ve seen so far. With vaccination rates rising in the West and case counts inflecting lower, reopening awaits us. The reopening will see massive growth in travel. Consumers have been forced indoors for a year and a half and will make up for the lost time. The pent-up demand combined with the unused vacation days and unspent hotel points and airline miles will boost the travel industry over the coming months.\nOverall spending budgets will be boosted by high accumulated savings. Social distancing has dramatically decreased in-person discretionary spending, while massive government aid increased disposable incomes to bring the personal savings rate to all-time highs. These savings will melt towards discretionary purchases in the coming months and one of the wallet share winners will be travel.\n\nAirbnb is well-positioned to capitalize on the reopening. The company is aware of the potential and its “single priority for 2021 has been to prepare for the travel rebound”. Many consumers will still be afraid of catching the virus despite potentially low case counts and vaccination. Additionally, a significant portion of pre-pandemic hotel preferers will opt for Airbnb. Airbnb will gain a large portion of the larger reopening wallet share. The pandemic-induced habit of using Airbnb will likely linger in the reopening.\nAirbnb will not only be one of the key, but also one of the first beneficiaries of the reopening. Airbnb had a major city and cross-border travel focus before the pandemic of about 50% of revenue. The company’s supply depends on hosts and hosts are in major cities. People traveling to new countries want to see landmark cities. Tourism towards major cities is disproportionally dependent on international travel. Luckily for Airbnb, major cities where we’ve seen the worst of the pandemic and international travel, especially within the West (Airbnb makes ~80% of revenues from North America and EU) will be among the earlier areas to open.\nOne worries whether the supply is a constraint for the reopening as the number of hosts and lodging could be a limiting factor given unprecedented coming demand. But this is unlikely an issue as Airbnb has been growing its supply over the past two years while nights and experiences booked fell. Again, management is aware of the travel rebound and is doing its best to monetize it. While hotels may not be able to work at full capacity due to government mandate and won’t be able to build new rooms, excess capacity will be available at Airbnb as demand comes.\nOverall, despite being hurt financially by the pandemic, Airbnb is a hidden pandemic winner with long-term gains. The company is well situated to be a winner over the short term as well by capitalizing on the upcoming extraordinary travel demand.\nAirbnb Will be a More Profitable Company Going Forward\nAirbnb became a leaner company throughout the pandemic. The company cut 1,900 jobs or 25% of its workforce during the crisis and halted most non-essential spending. These cost-cutting measures should remain sticky and boost long-term profitability. Airbnb may face lower acquisition costs out of the pandemic as well. Brand value of Airbnb grew to become a household name. The company’s services will be the go-to place for travel bookings for many consumers. This will result in lower costs paid to third parties to acquire traffic. The street expects 23% EBITDA margins from the company in 2023, which is much higher than what we’ve seen so far and closer to peers. Airbnb will be more profitable thanks to the pandemic.\nThe Reopening Benefit is Expected\nReopening winners are a key focus for me in the coming months. I see a lot of alpha in buying winners where consensus is lacking behind. This is a good risk-reward trade for me due to the near-term time horizon and the specific catalyst.\nUnfortunately, Airbnb doesn’t seem to be what I’m looking for. If we look at consensus expectations of Airbnb we see that they reflect what I explained above. The market increased Airbnb revenue estimates with expectations of a recovery. Revenue estimates for FY22 increased by 20% since last December. I say increased with expectations of recovery due to the front-load of revisions. The rate of positive revisions declines as further out the estimates go (charts below).\nSource: CapitalIQ, author analysis\n\nSource: CapitalIQ\nConsensus isn’t getting sandbagged here as well. Some companies manage Street expectations by setting the bar low to anchor analyst estimates and then over-deliver, Airbnb doesn’t seem to be one of those companies currently. Analysts were expecting 20% more revenue than the $1.65 bn Airbnb guided towards at the time of guidance and are up to 24% currently for Q3. This is a much larger gap than one would normally see and shows the high expectations of Airbnb.\nSource: CapitalIQ\nThe consensus is aggressive. All the upward revisions have resulted in revenue expectations that are 35%, 80%, and 120% higher than what Airbnb achieved in the last twelve months for FY22, FY23, and FY24 respectively. Airbnb could of course deliver, it is perfectly situated to deliver amazing quarters, but it isn’t the reopening play for me. I see better risk-reward in other reopening winners with much easier bars to clear (see my articles on Ulta(NASDAQ:ULTA),Revolve(NYSE:RVLV), and Square(NYSE:SQ)).\nAirbnb Price is High\nIf Airbnb has depressed multiples, it could deliver even if it falls short of consensus estimates. Conversely, high multiples mean high confidence in future growth and are a broad reflection of positive sentiment. Positive sentiment is generally a disadvantage as it's much easier to turn a positive sentiment neutral or negative with an earnings miss than it is to turn it even more positive with a blowout quarter.\nI want to judge Airbnb’s valuation as fairly as possible. The market values future growth for a name like Airbnb, which I agree with. I factor in future growth by looking at multiples over CY23 revenues and the speed of growth between CY20 and CY23 in my comparison. Bulls also like to separate Airbnb from its peers as a category leader, which I don’t agree with. It may be not the same as a hotel, but it sure is a substitute in the eyes of the consumer in the overwhelming majority of cases (for now at least). But I will also compare its multiples and growth expectations to other category leaders to give it the benefit of the doubt.\nThe valuation is rich. For me, Booking Holdings(NASDAQ:BKNG)is a good comparison. Booking also is a travel marketplace with fast growth and a bright future. One might say that Booking is also richly priced as it is well above its peers, but Airbnb is on another level trading at more than double where Booking is despite having similar growth expectations. Booking is more profitable, having EBITDA margins of 14% vs. extremely negative margins of Airbnb (-64%), and is expected to remain significantly more profitable into the future with 37% FY23 expected EBITDA margins vs. 23% for Airbnb. Let’s not forget that rest of these companies are well situated to benefit from the reopening as well, perhaps even more so than Airbnb with hotels gaining back lost share.\nSector leader comparison is kinder, but still yields the same result. Here we have DoorDash(NYSE:DASH)as the closest peer in terms of multiples, but is still significantly less expensive despite having a similar growth rate. Uber(NYSE:UBER)for example is another name that will benefit from the reopening due to its mobility and sharing focus, is trading grossly cheaper than Airbnb, while expected to grow at a similar rate.\nSource: CapitalIQ, author analysis\nAirbnb is expected to trade much richer than the sector for a long time. I went and looked at when Airbnb’s extremely high multiples would compress enough to reach those of its peers thinking that the higher growth would bring them down quickly. This isn’t the case. With the current enterprise value and consensus, Airbnb will reach Booking’s next twelve-month revenue and EBITDA multiples in 5 years and earnings multiples in 7. Again, let’s not forget that Booking is also growing fast and will also compress its multiples. I see that Airbnb has clearer options to add new revenue streams but a lot of this is clearly in the price today.\nSource: CapitalIQ, author analysis\nOverall, I see poor risk-reward for the reopening bull thesis of Airbnb. Expectations factor in maybe not all but a good portion of outperformance over the near term. The valuation is high and has a lot of expectations built in. This makes the stock price vulnerable to changes in near-term sentiment despite the long-term nature of these expectations.\nInterest Rate Sensitivity\nAirbnb is vulnerable to macroeconomic risks. I wrote before on my views on the future of rates and the vulnerability of the growth complex in depth (hereandhere). I expect a bear steepener environment over the coming months, that is rising rates accompanied by a steepening curve. This, if correct, would result in a higher discount factor via a higher risk-free rate. A high risk-free rate will have an outsized effect on fast growth equities with far-out cash flows. Airbnb is amongst the longest duration names with a price to sales multiple of 23x. A higher discount rate would dramatically change the company valuation and, in theory, decrease the stock price.\nExcellent Prospects for the Long Term\nDespite my unattraction for the near term, Airbnb has a lot going for it. Just the shift from hotels to alternative accommodations alone should boost growth for many years to come. The company is at the beginning of its journey of gaining a significant share out of the massive global lodging market. In addition to this, Airbnb has a lot of initiatives that it can take to create new revenue streams.\nThe easiest of these are short-term rentals. By short I mean longer than vacation stay, so from about a couple of weeks to a year or so. This is an underserved market for which there is a lot of demand. Expats, project-focused business travelers, students especially ones studying abroad, interns, and long vacationers are all target markets for such a product. It’d be easy for Airbnb to add services in this category as well, as it already has the supply and the marketing capabilities. I expect longer-term rentals to become an important category for Airbnb in the future.\nAirbnb could gain a larger share of value by integrating upstream. Airbnb could host or co-host. It has demand data and financial capabilities which would make it a great investor in properties. Airbnb-hosted properties would resemble private label products sold in chain supermarkets, or on Amazon(NASDAQ:AMZN)for that matter. I doubt that the company would prioritize this as it may push current hosts away, but I’d be surprised if Airbnb didn’t delve into hosting in the future.\nAirbnb could begin to sell ancillary services. Airbnb could provide cleaning services with its own cleaning crew. Cleaning is a necessity before every booking and could significantly increase monetization. Airbnb could also provide insurance for hosts. One of the main worries of people thinking of becoming hosts is damage to or loss of property. Airbnb has a lot of data on claims and could provide insurance to hosts with an efficient actuary. An insurance offer would also increase the supply of properties as well with more hosts joining the platform.\nThere are a lot of growth levers that Airbnb could pull but I expect none in the near term. Airbnb has all of its focus on capitalizing on the travel rebound and with 25% fewer employees due to cost cuts it’s unlikely to add new products soon.\nOverall the Risk-Reward isn’t Favorable For Me (Today)\nI like Airbnb’s operations, track record, and near and short-term prospects. It’s done very well navigating through choppy times and took advantage of the pandemic with agility. I expect Airbnb to see tremendous growth over the near term and to gain a growing share of the hospitality market over the long term.\nHowever, my expectations of Airbnb seem to be reflected in Street estimates and the company’s valuation. I see high execution risk and a large potential downwards stock reaction to any disappointments but capped upside unless we see blowout quarters. Thus, I am on the sidelines on Airbnb for now.\nHow I Could be Wrong Either Way\nI always want to give the entire picture in my analysis and in this section, I will try to provide how the stock price could meaningfully move higher or lower from areas I haven’t covered in the article.\nThe consumer preference between hotels vs. alternate accommodation highly influences Airbnb. The pandemic saw the latter win. It is reasonable to expect an unwind of this trend. I didn’t mention this in my article as I think it will be gradual and the high upcoming demand will overcome the micro move. But my assumption could be wrong, consumers could overwhelmingly prefer hotels which would make life very difficult for Airbnb. Conversely, pandemic choices could remain sticky and Airbnb could keep its pandemic era gains. Consumer preferences of style of stay will be highly decisive for Airbnb in the future.\nThe macroeconomic picture will be another deciding factor. A better than expected reopening demand will be a tide lifts all boats situation, while a subdued one would wreak havoc in the hospitality industry. A prolonged pandemic, especially in a situation with less government aid, would also significantly harm Airbnb prospects. I mentioned that I expected a rising rate environment and that Airbnb valuation would be harmed by it, the vice versa of what I wrote is true. Airbnb would greatly benefit from falling rates all else equal.\nProfitability will be an area to watch coming out of the pandemic. I already mentioned higher margins going forward. But these margins are still significantly below what is expected of peers (consensus EBITDA margins for CY23: Airbnb 23% vs. TripAdvisor(NASDAQ:TRIP)33%, Booking Holdings 37%). Airbnb could deliver on the upside in an environment of excess demand. Moreover, the low traffic acquisition costs I wrote about may not be in the consensus and could provide an upside. Conversely, some job cuts may have been premature and/or crisis management, and Airbnb could need to regrow its workforce contracting margins back down.\nDespite unlikely with the management’s reopening focus and reduced headcount, if Airbnb manages to launch one of the products I’ve mentioned, it will likely be met with a positive reaction. A new revenue stream will cause analysts to reevaluate long-term growth expectations and increase revenue estimates.\nLet’s not forget about the big risk facing Airbnb, regulation. A lot of cities were pressured to impose regulations on Airbnb pre-pandemic. Regulatory risks clout the future and uncertainty is always a big negative for investors. These issues resurfacing, despite the outcome, could hamper Airbnb stock.","news_type":1,"symbols_score_info":{"ABNB":0.9}},"isVote":1,"tweetType":1,"viewCount":565,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":868081780,"gmtCreate":1632551521240,"gmtModify":1632658266799,"author":{"id":"3583575708819843","authorId":"3583575708819843","name":"mrzhuge","avatar":"https://static.tigerbbs.com/5334845cffee5a372a7e25268d3684de","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583575708819843","idStr":"3583575708819843"},"themes":[],"htmlText":"cOol&nbsp;","listText":"cOol&nbsp;","text":"cOol","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/868081780","repostId":"2170619785","repostType":4,"isVote":1,"tweetType":1,"viewCount":693,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":173245277,"gmtCreate":1626665522199,"gmtModify":1633925095963,"author":{"id":"3583575708819843","authorId":"3583575708819843","name":"mrzhuge","avatar":"https://static.tigerbbs.com/5334845cffee5a372a7e25268d3684de","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583575708819843","idStr":"3583575708819843"},"themes":[],"htmlText":"Cool&nbsp;","listText":"Cool&nbsp;","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/173245277","repostId":"2152453682","repostType":4,"isVote":1,"tweetType":1,"viewCount":718,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}