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2021-11-11

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2021-11-10

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Panera Bread to go public again in IPO backed by Shake Shack founder's SPAC<blockquote>Panera Bread 将在 Shake Shack 创始人的 SPAC 支持下再次上市</blockquote>

2021-11-09

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Tencent Q3 preview: Where next for the Tencent share price?<blockquote>腾讯控股第三季度预览：腾讯控股股价下一步走向何方？</blockquote>

2021-11-08

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2021-11-07

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2021-11-02

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2021-11-01

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Federal Reserve decision, October jobs report: What to know this week<blockquote>美联储决定、10 月就业报告：本周须知</blockquote>

2021-10-31

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2021-10-30

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2021-10-29

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Amazon badly misses on earnings and revenue, gives disappointing guidance<blockquote>亚马逊的盈利和收入严重低迷，给出的指引令人失望</blockquote>

2021-10-28

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2021-10-27

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2021-10-26

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2021-10-25

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2021-10-24

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Intel: Good Value Or Value Trap?<blockquote>英特尔：好价值还是价值陷阱？</blockquote>

2021-10-22

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2021-10-21

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2021-10-20

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Hong Kong shares are soaring in Wednesday's trading<blockquote>香港股市在周三的交易中飙升</blockquote>

2021-10-19

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Virgin Galactic Is Downgraded to Sell. It Can’t Make Money if It Can’t Launch Its Spaceships.<blockquote>维珍银河评级下调至卖出。如果它不能发射宇宙飞船，它就赚不到钱。</blockquote>

2021-10-18

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Peloton: A Battleground Stock Nearing A Crucial Moment<blockquote>Peloton：临近关键时刻的战场股票</blockquote>

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companies (SPAC) are shell firms raised with the intent of later merging with a private entity to take it public. In the case of Panera, Meyer's USHG Acquisition Corp will invest following the IPO.</p><p><blockquote>通常，特殊目的收购公司 (SPAC) 是空壳公司，其目的是随后与私人实体合并以将其上市。就 Panera 而言，迈耶的 USHG Acquisition Corp 将在 IPO 后进行投资。</blockquote></p><p> After the listing, a unit of Panera Brands will merge with USHG Acquisition for $287.5 million and the proceeds will be invested in the restaurant chain owner.</p><p><blockquote>上市后，Panera Brands 的一个部门将以 2.875 亿美元的价格与 USHG Acquisition 合并，所得款项将投资于这家连锁餐厅所有者。</blockquote></p><p> The IPO plan comes four years after European investment firm JAB Holdings took Panera private in a deal valued at about $7.5 billion, with the sandwich chain's return coming at a time when people are heading to restaurants again after months of ordering in during lockdowns.</p><p><blockquote>IPO计划是在欧洲投资公司JAB Holdings以约75亿美元的交易将Panera私有化四年后出台的，这家三明治连锁店的回归正值人们在封锁期间点餐数月后再次前往餐馆之际。</blockquote></p><p> Coffeehouse Dutch Bros Inc, donut chain Krispy Kreme and hot dog maker Portillo's Inc also went public this year.</p><p><blockquote>咖啡馆 Dutch Bros Inc.、甜甜圈连锁店 Krispy Kreme 和热狗制造商 Portillo's Inc. 也于今年上市。</blockquote></p><p> Shares of USHG Acquisition were up nearly 8%.</p><p><blockquote>USHG Acquisition 股价上涨近 8%。</blockquote></p><p> J.P. Morgan is acting as financial adviser to Panera Brands, while USHG Acquisition will be advised by Piper Sandler &amp; Co.</p><p><blockquote>摩根大通担任 Panera Brands 的财务顾问，而 Piper Sandler &amp; Co 将为 USHG 收购提供咨询。</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>Panera Bread to go public again in IPO backed by Shake Shack founder's SPAC<blockquote>Panera Bread 将在 Shake Shack 创始人的 SPAC 支持下再次上市</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPanera Bread to go public again in IPO backed by Shake Shack founder's SPAC<blockquote>Panera Bread 将在 Shake Shack 创始人的 SPAC 支持下再次上市</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Reuters</strong><span class=\"h-time small\">2021-11-10 10:06</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Panera Bread plans to return to public markets through a U.S. initial public offering backed by Shake Shack founder Danny Meyer's blank-check company, the latest in a flurry of restaurant listings this year as dining out returns.</p><p><blockquote>Panera Bread 计划通过由 Shake Shack 创始人丹尼·迈耶 (Danny Meyer) 的空白支票公司支持的美国首次公开募股重返公开市场，这是今年随着外出就餐回归而上市的一系列餐厅中的最新一家。</blockquote></p><p> Meyer himself will directly invest in the Panera Bread owner at the time of the IPO, Panera Brands said on Tuesday, and become the lead independent director of the company's board.</p><p><blockquote>Panera Brands周二表示，迈耶本人将在IPO时直接投资Panera Bread所有者，并成为该公司董事会的首席独立董事。</blockquote></p><p> Typically, special purpose acquisition companies (SPAC) are shell firms raised with the intent of later merging with a private entity to take it public. In the case of Panera, Meyer's USHG Acquisition Corp will invest following the IPO.</p><p><blockquote>通常，特殊目的收购公司 (SPAC) 是空壳公司，其目的是随后与私人实体合并以将其上市。就 Panera 而言，迈耶的 USHG Acquisition Corp 将在 IPO 后进行投资。</blockquote></p><p> After the listing, a unit of Panera Brands will merge with USHG Acquisition for $287.5 million and the proceeds will be invested in the restaurant chain owner.</p><p><blockquote>上市后，Panera Brands 的一个部门将以 2.875 亿美元的价格与 USHG Acquisition 合并，所得款项将投资于这家连锁餐厅所有者。</blockquote></p><p> The IPO plan comes four years after European investment firm JAB Holdings took Panera private in a deal valued at about $7.5 billion, with the sandwich chain's return coming at a time when people are heading to restaurants again after months of ordering in during lockdowns.</p><p><blockquote>IPO计划是在欧洲投资公司JAB Holdings以约75亿美元的交易将Panera私有化四年后出台的，这家三明治连锁店的回归正值人们在封锁期间点餐数月后再次前往餐馆之际。</blockquote></p><p> Coffeehouse Dutch Bros Inc, donut chain Krispy Kreme and hot dog maker Portillo's Inc also went public this year.</p><p><blockquote>咖啡馆 Dutch Bros Inc.、甜甜圈连锁店 Krispy Kreme 和热狗制造商 Portillo's Inc. 也于今年上市。</blockquote></p><p> Shares of USHG Acquisition were up nearly 8%.</p><p><blockquote>USHG Acquisition 股价上涨近 8%。</blockquote></p><p> J.P. Morgan is acting as financial adviser to Panera Brands, while USHG Acquisition will be advised by Piper Sandler &amp; Co.</p><p><blockquote>摩根大通担任 Panera Brands 的财务顾问，而 Piper Sandler &amp; Co 将为 USHG 收购提供咨询。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://finance.yahoo.com/news/panera-bread-public-again-ipo-165518667.html\">Reuters</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HUGS":"USHG Acquisition Corp"},"source_url":"https://finance.yahoo.com/news/panera-bread-public-again-ipo-165518667.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1183353509","content_text":"Panera Bread plans to return to public markets through a U.S. initial public offering backed by Shake Shack founder Danny Meyer's blank-check company, the latest in a flurry of restaurant listings this year as dining out returns.\nMeyer himself will directly invest in the Panera Bread owner at the time of the IPO, Panera Brands said on Tuesday, and become the lead independent director of the company's board.\nTypically, special purpose acquisition companies (SPAC) are shell firms raised with the intent of later merging with a private entity to take it public. In the case of Panera, Meyer's USHG Acquisition Corp will invest following the IPO.\nAfter the listing, a unit of Panera Brands will merge with USHG Acquisition for $287.5 million and the proceeds will be invested in the restaurant chain owner.\nThe IPO plan comes four years after European investment firm JAB Holdings took Panera private in a deal valued at about $7.5 billion, with the sandwich chain's return coming at a time when people are heading to restaurants again after months of ordering in during lockdowns.\nCoffeehouse Dutch Bros Inc, donut chain Krispy Kreme and hot dog maker Portillo's Inc also went public this year.\nShares of USHG Acquisition were up nearly 8%.\nJ.P. Morgan is acting as financial adviser to Panera Brands, while USHG Acquisition will be advised by Piper Sandler & Co.","news_type":1,"symbols_score_info":{"HUGS":0.9}},"isVote":1,"tweetType":1,"viewCount":3183,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":844276459,"gmtCreate":1636435518364,"gmtModify":1636435568125,"author":{"id":"3583641915640836","authorId":"3583641915640836","name":"4872be6","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583641915640836","authorIdStr":"3583641915640836"},"themes":[],"title":"","htmlText":"Comment&nbsp;","listText":"Comment&nbsp;","text":"Comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/844276459","repostId":"1197651775","repostType":4,"repost":{"id":"1197651775","kind":"news","pubTimestamp":1636435309,"share":"https://www.laohunote.com/m/news/1197651775?lang=zh_CN&edition=full","pubTime":"2021-11-09 13:21","market":"hk","language":"en","title":"Tencent Q3 preview: Where next for the Tencent share price?<blockquote>腾讯控股第三季度预览：腾讯控股股价下一步走向何方？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1197651775","media":"City Index","summary":"Tencent shares have suffered heavily this year as a result of the regulatory crackdown in China, but","content":"<p>Tencent shares have suffered heavily this year as a result of the regulatory crackdown in China, but how will this impact its third quarter earnings? We explain what to expect and consider how Tencent shares could react.</p><p><blockquote>由于中国监管打击，腾讯控股股价今年遭受重创，但这将如何影响其第三季度盈利？我们解释了会发生什么，并考虑腾讯控股股票可能会如何反应。</blockquote></p><p> When will Tencent release Q3 earnings?</p><p><blockquote>腾讯控股何时发布第三季度财报？</blockquote></p><p> Tencent is scheduled to publish third quarter earnings on Wednesday November 10.</p><p><blockquote>腾讯控股定于 11 月 10 日星期三发布第三季度收益。</blockquote></p><p> Tencent Q3 earnings preview: what to expect from the results</p><p><blockquote>腾讯控股第三季度收益预览：对结果的预期</blockquote></p><p> Tencent shares have plunged over 39% since hitting all-time highs in February, driven by the evolving regulatory clampdown on large, digitally-driven businesses in China. The majority of Tencent’s sprawling empire is set to be impacted as a result, from gaming and video content to ecommerce and online advertising.</p><p><blockquote>受中国监管机构对大型数字驱动企业不断打压的推动，腾讯控股股价自 2 月份创下历史新高以来已暴跌超过 39%。从游戏和视频内容到电子商务和在线广告，腾讯控股庞大的帝国的大部分领域都将因此受到影响。</blockquote></p><p> The situation remains volatile and is still evolving, with the crackdown likely to drag on considering it is part of a five-year plan to tighten rules and improve the economy. This is widely expected to lead to slower revenue growth, tighter margins and increased costs for Tencent as it tries to navigate the uncertain outlook.</p><p><blockquote>局势仍然不稳定，仍在演变，考虑到这是收紧规则和改善经济的五年计划的一部分，打压可能会拖延下去。人们普遍预计，随着腾讯控股试图应对不确定的前景，这将导致收入增长放缓、利润率收紧和成本增加。</blockquote></p><p> But, for now, Tencent is expected to keep powering ahead. Wall Street expects Tencent to report revenue of RMB146.0 billion in the third quarter compared to RMB125.5 million last year, marking a new quarterly record. Meanwhile, analysts forecast adjusted operating profit will rise to RMB42.0 billion from RMB38.1 billion the year before, with diluted EPS at the bottom-line expected to drop to RMB3.06 from RMB3.96. EPS is also forecast to come under pressure and fall compared to what has been delivered in the first two quarters of 2021 (with diluted EPS of RMB4.92 in Q1 and RMB4.39 in Q2).</p><p><blockquote>但是，就目前而言，预计腾讯控股将继续领先。华尔街预计腾讯控股第三季度营收为人民币1,460亿元，而去年为人民币1.255亿元，创下新的季度纪录。同时，分析师预测调整后营业利润将从上年的人民币381亿元升至人民币420亿元，摊薄每股收益预计将从人民币3.96元降至人民币3.06元。与2021年前两个季度相比，每股收益预计也将面临压力并下降（第一季度摊薄每股收益为人民币4.92元，第二季度摊薄每股收益为人民币4.39元）。</blockquote></p><p> Diving deeper into the forecasts, here are revenue expectations for Tencent’s key divisions with comparisons from the year before:</p><p><blockquote>深入分析预测，以下是腾讯控股主要部门的收入预期，并与上一年进行了比较：</blockquote></p><p> <ul>  <li><b>Value-added services</b>: RMB76.0 billion versus RMB69.8 billion</li>  <li><b>Gaming</b>: RMB44.8 billion versus RMB41.4 billion</li>  <li><b>Online advertising</b>: RMB24.7 billion versus RMB21.4 billion</li>  <li><b>Fintech and business services</b>: RMB44.4 billion versus RMB33.3 billion</li> </ul> Attention is also paid to Tencent’s user growth on its social media platforms Weixin, WeChat and QQ. Below are expectations for user numbers (Monthly Active Users, or MAU) compared to the year before:</p><p><blockquote><ul><li><b>增值服务</b>人民币760亿元对人民币698亿元</li><li><b>游戏</b>人民币448亿元对人民币414亿元</li><li><b>网络广告</b>：人民币247亿元对人民币214亿元</li><li><b>金融科技和商业服务</b>：人民币444亿元对人民币333亿元</li></ul>腾讯控股在其社交媒体平台微信、微信和 QQ 上的用户增长也备受关注。与上一年相比，用户数量（月活跃用户数或 MAU）的预期如下：</blockquote></p><p> <ul>  <li><b>MAU of Weixin and WeChat</b>: 1,255.9 million versus 1,212.8 million</li>  <li><b>Mobile MAU of QQ</b>: 588.1 million versus 617.4 million</li>  <li><b>Fee-based VAS registered subscriptions</b>: 236.0 million versus 213.4 million</li> </ul> Eyes will also be on Tencent’s free cashflow after this plunged 39% year-on-year in the second quarter, when the company also swung to a net debt position from having a net cash position in the first. Analysts believe Tencent’s cashflow is sizeable enough to avoid any serious concerns, even if this is expected to remain under pressure in the near-term. Plus, its sizeable investment portfolio, worth some RMB1,446.0 billion at the end of the second quarter, can provide significant headroom if it was needed.</p><p><blockquote><ul><li><b>微信和微信的MAU</b>12.559亿对12.128亿</li><li><b>QQ手机MAU</b>5.881亿对6.174亿</li><li><b>收费增值税注册订阅</b>：2.36亿对2.134亿</li></ul>腾讯控股的自由现金流在第二季度同比暴跌 39%，当时该公司也从第一季度的净现金头寸转为净债务头寸。分析师认为，腾讯控股的现金流规模足够大，可以避免任何严重的担忧，尽管预计短期内仍将面临压力。此外，其庞大的投资组合（于第二季度末价值约人民币14,460亿元）在有需要时可提供巨大的投资空间。</blockquote></p><p> The regulatory risk attached to Tencent has increased markedly this year, evidenced by the significant fall in the share price this year despite the fact its financial performance has continued to improve. Still, brokers remain bullish on Tencent’s long-term prospects and believe the selloff in 2021 has been overdone, with an average target price of HKD636.46 – implying there is over 37% potential upside from the current share price of HKD464.0.</p><p><blockquote>腾讯控股的监管风险今年显著增加，尽管其财务表现持续改善，但其股价今年仍大幅下跌便是明证。尽管如此，券商仍看好腾讯控股的长期前景，并认为2021年的抛售已经过度，平均目标价为636.46港元，这意味着目前464.0港元的股价有超过37%的潜在上涨空间。</blockquote></p><p> Where next for the Tencent share price?</p><p><blockquote>腾讯控股股价下一步走向何方？</blockquote></p><p> After hitting an all-time high in mid-February, the Tencent share price has been trending lower. More recently the price has been in consolidation mode, with HKD$511 capping gains and HKD$413 limiting losses.</p><p><blockquote>腾讯控股股价在2月中旬创下历史新高后，一直呈走低趋势。最近，价格一直处于盘整模式，511港元限制涨幅，413港元限制亏损。</blockquote></p><p> The RSI is mildly bearish and the price trades below its 50 sma. Sellers might look for a break-out trade below HKD$413 to target the post pandemic low of HKD327.</p><p><blockquote>RSI 轻度看跌，价格低于 50 sma。卖家可能会寻求低于 413 港元的突破交易，以瞄准疫情后低点 327 港元。</blockquote></p><p> Buyers may wait for a move over HKD$511 to expose the 200 sma at HKD$575 and the late June high of HKD$605.</p><p><blockquote>买家可能会等待突破 511 港元，以暴露 200 移动平均线 575 港元和 6 月底高点 605 港元。</blockquote></p><p></p>","source":"lsy1632450706252","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>Tencent Q3 preview: Where next for the Tencent share price?<blockquote>腾讯控股第三季度预览：腾讯控股股价下一步走向何方？</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\">\nTencent Q3 preview: Where next for the Tencent share price?<blockquote>腾讯控股第三季度预览：腾讯控股股价下一步走向何方？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">City Index</strong><span class=\"h-time small\">2021-11-09 13:21</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Tencent shares have suffered heavily this year as a result of the regulatory crackdown in China, but how will this impact its third quarter earnings? We explain what to expect and consider how Tencent shares could react.</p><p><blockquote>由于中国监管打击，腾讯控股股价今年遭受重创，但这将如何影响其第三季度盈利？我们解释了会发生什么，并考虑腾讯控股股票可能会如何反应。</blockquote></p><p> When will Tencent release Q3 earnings?</p><p><blockquote>腾讯控股何时发布第三季度财报？</blockquote></p><p> Tencent is scheduled to publish third quarter earnings on Wednesday November 10.</p><p><blockquote>腾讯控股定于 11 月 10 日星期三发布第三季度收益。</blockquote></p><p> Tencent Q3 earnings preview: what to expect from the results</p><p><blockquote>腾讯控股第三季度收益预览：对结果的预期</blockquote></p><p> Tencent shares have plunged over 39% since hitting all-time highs in February, driven by the evolving regulatory clampdown on large, digitally-driven businesses in China. The majority of Tencent’s sprawling empire is set to be impacted as a result, from gaming and video content to ecommerce and online advertising.</p><p><blockquote>受中国监管机构对大型数字驱动企业不断打压的推动，腾讯控股股价自 2 月份创下历史新高以来已暴跌超过 39%。从游戏和视频内容到电子商务和在线广告，腾讯控股庞大的帝国的大部分领域都将因此受到影响。</blockquote></p><p> The situation remains volatile and is still evolving, with the crackdown likely to drag on considering it is part of a five-year plan to tighten rules and improve the economy. This is widely expected to lead to slower revenue growth, tighter margins and increased costs for Tencent as it tries to navigate the uncertain outlook.</p><p><blockquote>局势仍然不稳定，仍在演变，考虑到这是收紧规则和改善经济的五年计划的一部分，打压可能会拖延下去。人们普遍预计，随着腾讯控股试图应对不确定的前景，这将导致收入增长放缓、利润率收紧和成本增加。</blockquote></p><p> But, for now, Tencent is expected to keep powering ahead. Wall Street expects Tencent to report revenue of RMB146.0 billion in the third quarter compared to RMB125.5 million last year, marking a new quarterly record. Meanwhile, analysts forecast adjusted operating profit will rise to RMB42.0 billion from RMB38.1 billion the year before, with diluted EPS at the bottom-line expected to drop to RMB3.06 from RMB3.96. EPS is also forecast to come under pressure and fall compared to what has been delivered in the first two quarters of 2021 (with diluted EPS of RMB4.92 in Q1 and RMB4.39 in Q2).</p><p><blockquote>但是，就目前而言，预计腾讯控股将继续领先。华尔街预计腾讯控股第三季度营收为人民币1,460亿元，而去年为人民币1.255亿元，创下新的季度纪录。同时，分析师预测调整后营业利润将从上年的人民币381亿元升至人民币420亿元，摊薄每股收益预计将从人民币3.96元降至人民币3.06元。与2021年前两个季度相比，每股收益预计也将面临压力并下降（第一季度摊薄每股收益为人民币4.92元，第二季度摊薄每股收益为人民币4.39元）。</blockquote></p><p> Diving deeper into the forecasts, here are revenue expectations for Tencent’s key divisions with comparisons from the year before:</p><p><blockquote>深入分析预测，以下是腾讯控股主要部门的收入预期，并与上一年进行了比较：</blockquote></p><p> <ul>  <li><b>Value-added services</b>: RMB76.0 billion versus RMB69.8 billion</li>  <li><b>Gaming</b>: RMB44.8 billion versus RMB41.4 billion</li>  <li><b>Online advertising</b>: RMB24.7 billion versus RMB21.4 billion</li>  <li><b>Fintech and business services</b>: RMB44.4 billion versus RMB33.3 billion</li> </ul> Attention is also paid to Tencent’s user growth on its social media platforms Weixin, WeChat and QQ. Below are expectations for user numbers (Monthly Active Users, or MAU) compared to the year before:</p><p><blockquote><ul><li><b>增值服务</b>人民币760亿元对人民币698亿元</li><li><b>游戏</b>人民币448亿元对人民币414亿元</li><li><b>网络广告</b>：人民币247亿元对人民币214亿元</li><li><b>金融科技和商业服务</b>：人民币444亿元对人民币333亿元</li></ul>腾讯控股在其社交媒体平台微信、微信和 QQ 上的用户增长也备受关注。与上一年相比，用户数量（月活跃用户数或 MAU）的预期如下：</blockquote></p><p> <ul>  <li><b>MAU of Weixin and WeChat</b>: 1,255.9 million versus 1,212.8 million</li>  <li><b>Mobile MAU of QQ</b>: 588.1 million versus 617.4 million</li>  <li><b>Fee-based VAS registered subscriptions</b>: 236.0 million versus 213.4 million</li> </ul> Eyes will also be on Tencent’s free cashflow after this plunged 39% year-on-year in the second quarter, when the company also swung to a net debt position from having a net cash position in the first. Analysts believe Tencent’s cashflow is sizeable enough to avoid any serious concerns, even if this is expected to remain under pressure in the near-term. Plus, its sizeable investment portfolio, worth some RMB1,446.0 billion at the end of the second quarter, can provide significant headroom if it was needed.</p><p><blockquote><ul><li><b>微信和微信的MAU</b>12.559亿对12.128亿</li><li><b>QQ手机MAU</b>5.881亿对6.174亿</li><li><b>收费增值税注册订阅</b>：2.36亿对2.134亿</li></ul>腾讯控股的自由现金流在第二季度同比暴跌 39%，当时该公司也从第一季度的净现金头寸转为净债务头寸。分析师认为，腾讯控股的现金流规模足够大，可以避免任何严重的担忧，尽管预计短期内仍将面临压力。此外，其庞大的投资组合（于第二季度末价值约人民币14,460亿元）在有需要时可提供巨大的投资空间。</blockquote></p><p> The regulatory risk attached to Tencent has increased markedly this year, evidenced by the significant fall in the share price this year despite the fact its financial performance has continued to improve. Still, brokers remain bullish on Tencent’s long-term prospects and believe the selloff in 2021 has been overdone, with an average target price of HKD636.46 – implying there is over 37% potential upside from the current share price of HKD464.0.</p><p><blockquote>腾讯控股的监管风险今年显著增加，尽管其财务表现持续改善，但其股价今年仍大幅下跌便是明证。尽管如此，券商仍看好腾讯控股的长期前景，并认为2021年的抛售已经过度，平均目标价为636.46港元，这意味着目前464.0港元的股价有超过37%的潜在上涨空间。</blockquote></p><p> Where next for the Tencent share price?</p><p><blockquote>腾讯控股股价下一步走向何方？</blockquote></p><p> After hitting an all-time high in mid-February, the Tencent share price has been trending lower. More recently the price has been in consolidation mode, with HKD$511 capping gains and HKD$413 limiting losses.</p><p><blockquote>腾讯控股股价在2月中旬创下历史新高后，一直呈走低趋势。最近，价格一直处于盘整模式，511港元限制涨幅，413港元限制亏损。</blockquote></p><p> The RSI is mildly bearish and the price trades below its 50 sma. Sellers might look for a break-out trade below HKD$413 to target the post pandemic low of HKD327.</p><p><blockquote>RSI 轻度看跌，价格低于 50 sma。卖家可能会寻求低于 413 港元的突破交易，以瞄准疫情后低点 327 港元。</blockquote></p><p> Buyers may wait for a move over HKD$511 to expose the 200 sma at HKD$575 and the late June high of HKD$605.</p><p><blockquote>买家可能会等待突破 511 港元，以暴露 200 移动平均线 575 港元和 6 月底高点 605 港元。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.cityindex.co.uk/market-analysis/where-next-for-the-tencent-share-price-ahead-of-its-q3-earnings/\">City Index</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":{"00700":"腾讯控股"},"source_url":"https://www.cityindex.co.uk/market-analysis/where-next-for-the-tencent-share-price-ahead-of-its-q3-earnings/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1197651775","content_text":"Tencent shares have suffered heavily this year as a result of the regulatory crackdown in China, but how will this impact its third quarter earnings? We explain what to expect and consider how Tencent shares could react.\nWhen will Tencent release Q3 earnings?\nTencent is scheduled to publish third quarter earnings on Wednesday November 10.\nTencent Q3 earnings preview: what to expect from the results\nTencent shares have plunged over 39% since hitting all-time highs in February, driven by the evolving regulatory clampdown on large, digitally-driven businesses in China. The majority of Tencent’s sprawling empire is set to be impacted as a result, from gaming and video content to ecommerce and online advertising.\nThe situation remains volatile and is still evolving, with the crackdown likely to drag on considering it is part of a five-year plan to tighten rules and improve the economy. This is widely expected to lead to slower revenue growth, tighter margins and increased costs for Tencent as it tries to navigate the uncertain outlook.\nBut, for now, Tencent is expected to keep powering ahead. Wall Street expects Tencent to report revenue of RMB146.0 billion in the third quarter compared to RMB125.5 million last year, marking a new quarterly record. Meanwhile, analysts forecast adjusted operating profit will rise to RMB42.0 billion from RMB38.1 billion the year before, with diluted EPS at the bottom-line expected to drop to RMB3.06 from RMB3.96. EPS is also forecast to come under pressure and fall compared to what has been delivered in the first two quarters of 2021 (with diluted EPS of RMB4.92 in Q1 and RMB4.39 in Q2).\nDiving deeper into the forecasts, here are revenue expectations for Tencent’s key divisions with comparisons from the year before:\n\nValue-added services: RMB76.0 billion versus RMB69.8 billion\nGaming: RMB44.8 billion versus RMB41.4 billion\nOnline advertising: RMB24.7 billion versus RMB21.4 billion\nFintech and business services: RMB44.4 billion versus RMB33.3 billion\n\nAttention is also paid to Tencent’s user growth on its social media platforms Weixin, WeChat and QQ. Below are expectations for user numbers (Monthly Active Users, or MAU) compared to the year before:\n\nMAU of Weixin and WeChat: 1,255.9 million versus 1,212.8 million\nMobile MAU of QQ: 588.1 million versus 617.4 million\nFee-based VAS registered subscriptions: 236.0 million versus 213.4 million\n\nEyes will also be on Tencent’s free cashflow after this plunged 39% year-on-year in the second quarter, when the company also swung to a net debt position from having a net cash position in the first. Analysts believe Tencent’s cashflow is sizeable enough to avoid any serious concerns, even if this is expected to remain under pressure in the near-term. Plus, its sizeable investment portfolio, worth some RMB1,446.0 billion at the end of the second quarter, can provide significant headroom if it was needed.\nThe regulatory risk attached to Tencent has increased markedly this year, evidenced by the significant fall in the share price this year despite the fact its financial performance has continued to improve. Still, brokers remain bullish on Tencent’s long-term prospects and believe the selloff in 2021 has been overdone, with an average target price of HKD636.46 – implying there is over 37% potential upside from the current share price of HKD464.0.\nWhere next for the Tencent share price?\nAfter hitting an all-time high in mid-February, the Tencent share price has been trending lower. More recently the price has been in consolidation mode, with HKD$511 capping gains and HKD$413 limiting losses.\nThe RSI is mildly bearish and the price trades below its 50 sma. Sellers might look for a break-out trade below HKD$413 to target the post pandemic low of HKD327.\nBuyers may wait for a move over HKD$511 to expose the 200 sma at HKD$575 and the late June high of HKD$605.","news_type":1,"symbols_score_info":{"00700":0.9}},"isVote":1,"tweetType":1,"viewCount":2714,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":845294596,"gmtCreate":1636339194666,"gmtModify":1636339194993,"author":{"id":"3583641915640836","authorId":"3583641915640836","name":"4872be6","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583641915640836","authorIdStr":"3583641915640836"},"themes":[],"title":"","htmlText":"Comment&nbsp;","listText":"Comment&nbsp;","text":"Comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/845294596","repostId":"2181233137","repostType":4,"isVote":1,"tweetType":1,"viewCount":3779,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":845922537,"gmtCreate":1636267871576,"gmtModify":1636267871804,"author":{"id":"3583641915640836","authorId":"3583641915640836","name":"4872be6","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583641915640836","authorIdStr":"3583641915640836"},"themes":[],"title":"","htmlText":"Comment&nbsp;","listText":"Comment&nbsp;","text":"Comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/845922537","repostId":"2181374735","repostType":4,"isVote":1,"tweetType":1,"viewCount":4171,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":843883404,"gmtCreate":1635817406788,"gmtModify":1635817406869,"author":{"id":"3583641915640836","authorId":"3583641915640836","name":"4872be6","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583641915640836","authorIdStr":"3583641915640836"},"themes":[],"title":"","htmlText":"Comment&nbsp;","listText":"Comment&nbsp;","text":"Comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/843883404","repostId":"1190593308","repostType":4,"isVote":1,"tweetType":1,"viewCount":3884,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":849833018,"gmtCreate":1635740544422,"gmtModify":1635740544503,"author":{"id":"3583641915640836","authorId":"3583641915640836","name":"4872be6","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583641915640836","authorIdStr":"3583641915640836"},"themes":[],"title":"","htmlText":"Comment&nbsp;","listText":"Comment&nbsp;","text":"Comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/849833018","repostId":"2179250221","repostType":4,"repost":{"id":"2179250221","kind":"news","pubTimestamp":1635721559,"share":"https://www.laohunote.com/m/news/2179250221?lang=zh_CN&edition=full","pubTime":"2021-11-01 07:05","market":"us","language":"en","title":"Federal Reserve decision, October jobs report: What to know this week<blockquote>美联储决定、10 月就业报告：本周须知</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2179250221","media":"Yahoo Finance","summary":"The Federal Reserve's forthcoming monetary policy meeting will be in focus this week, and may set th","content":"<p><div> The Federal Reserve's forthcoming monetary policy meeting will be in focus this week, and may set the stage for a long-awaited announcement of asset-purchase tapering. Meanwhile, traders will also ...</p><p><blockquote><div>美联储即将召开的货币政策会议将成为本周的焦点，并可能为期待已久的资产购买缩减公告奠定基础。与此同时，交易者也将……</div></blockquote></p><p>  <a href=\"https://finance.yahoo.com/news/federal-reserve-meeting-october-jobs-report-what-to-know-this-week-151259921.html\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://finance.yahoo.com/news/federal-reserve-meeting-october-jobs-report-what-to-know-this-week-151259921.html\">网页连接</a></blockquote></p><p></p>","source":"yahoofinance_au","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>Federal Reserve decision, October jobs report: What to know this week<blockquote>美联储决定、10 月就业报告：本周须知</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\">\nFederal Reserve decision, October jobs report: What to know this week<blockquote>美联储决定、10 月就业报告：本周须知</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Yahoo Finance</strong><span class=\"h-time small\">2021-11-01 07:05</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> The Federal Reserve's forthcoming monetary policy meeting will be in focus this week, and may set the stage for a long-awaited announcement of asset-purchase tapering. Meanwhile, traders will also ...</p><p><blockquote><div>美联储即将召开的货币政策会议将成为本周的焦点，并可能为期待已久的资产购买缩减公告奠定基础。与此同时，交易者也将……</div></blockquote></p><p>  <a href=\"https://finance.yahoo.com/news/federal-reserve-meeting-october-jobs-report-what-to-know-this-week-151259921.html\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://finance.yahoo.com/news/federal-reserve-meeting-october-jobs-report-what-to-know-this-week-151259921.html\">网页连接</a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://finance.yahoo.com/news/federal-reserve-meeting-october-jobs-report-what-to-know-this-week-151259921.html\">Yahoo Finance</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":{"APO":"阿波罗全球管理","PFE":"辉瑞","EL":"雅诗兰黛","CRSR":"Corsair Gaming, Inc.","RL":"拉夫劳伦",".IXIC":"NASDAQ Composite","UBER":"优步","CLX":"高乐氏","COP":"康菲石油",".SPX":"S&P 500 Index","BLMN":"Bloomin' Brands",".DJI":"道琼斯"},"source_url":"https://finance.yahoo.com/news/federal-reserve-meeting-october-jobs-report-what-to-know-this-week-151259921.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2179250221","content_text":"The Federal Reserve's forthcoming monetary policy meeting will be in focus this week, and may set the stage for a long-awaited announcement of asset-purchase tapering. Meanwhile, traders will also await more data on the U.S. economic recovery with the Labor Department's monthly jobs report later this week.\nThe Federal Open Market Committee's (FOMC) November meeting will take place from Tuesday to Wednesday, with the policy statement and press conference from the meeting serving as the central bank's penultimate opportunity this year to announce formal plans to begin rolling back its crisis-era quantitative easing program. For the past year-and-a-half, the central bank has been purchasing $120 billion per month in agency mortgage-backed securities and Treasuries, as one major tool to support the economy during the pandemic.\nIn late September, the FOMC's latest monetary policy statement and press conference from Federal Reserve Chair Jerome Powell suggested the central bank was apt to announce the start of tapering before year-end, and continue the tapering process until \"around the middle of next year.\"\n\"The upcoming FOMC meeting will be important for three reasons: 1) the announcement of tapering; 2) guidance around what tapering means for the path of hikes; and 3) nuanced changes in views around inflation risks given recent data,\" wrote Bank of America economist Michelle Meyer in a note.\n\"The statement that announces the new pace of asset purchases will be followed by a note regarding flexibility stating that asset purchases are not on a pre-set course and will depend on the outlook for the labor market and inflation as well as an assessment of the efficacy of asset purchases,\" she predicted.\nShe noted that Powell may also use the press conference to reiterate that the end of tapering would not necessarily indicate the start of rate hikes, and that both policy actions are distinct. In previous public remarks, Powell has already made a similar point in previous public remarks, saying, \"the timing and pace of the coming reduction in asset purchases will not be intended to carry a direct signal regarding the timing of interest rate liftoff.\"\nGiven the market has been anticipating the start to tapering for months now, speculation around when the Fed will make a move on interest rates has become a point of particular interest to investors. Investors and economists have mulled whether the Fed may need to act more quickly than previously telegraphed on adjusting interest rates to stave off inflation, which has proven more long-lasting than some had suggested.\nWASHINGTON, DC - SEPTEMBER 24: Federal Reserve Board Chairman Jerome Powell testifies during a Senate Banking Committee hearing on Capitol Hill on September 24, 2020 in Washington, DC. Powell and U.S. Treasury Secretary Steve Mnuchin are testifying about the CARES Act and the economic effects of the coronavirus pandemic. (Photo by Drew Angerer/Getty Images)Drew Angerer via Getty Images\nIn September, core personal consumption expenditures — the Fed's preferred gauge of underlying inflation — rose 3.6% over last year for a fourth consecutive month, coming in at the fastest clip since 1991. And earlier this month, Powell acknowledged in public remarks that the supply chain constraints and shortages that spurred the latest rise in prices are \"likely to last longer than previously expected, likely well into next year.\"\nWhile the central bank will not release an updated Summary of Economic Projections with their policy statement on Wednesday, the latest projections from the September meeting suggested the committee was split on rate hikes for 2022, with nine members seeing no rate hikes by the end of next year while the other nine members saw at least one hike.\n\"I think the Fed has pretty well determined to start the taper pretty quickly. We expect them to announce it next week and then start it soon thereafter, so that's pretty well carved in stone,\" Kathy Jones, Charles Schwab chief fixed income strategist, told Yahoo Finance Live last week. \"I think the big debate now is how quickly the Fed moves toward actually raising rates. The expectation in the market has really shifted to expecting as many as two rate hikes in 2022 and 2023 ... that’s a pretty aggressive pace of tightening.\"\nOctober jobs report\nOne of this week's most closely watched pieces of economic data will be the October jobs report, which is due for release on Friday from the Labor Department.\nEconomists are looking to see a pick-up in the pace of hiring for October after a disappointing print in September, when just 194,000 non-farm payrolls returned versus the half million expected. Over the past two months, payroll gains averaged at just 280,000. The unemployment rate is expected to take another small step toward pre-pandemic levels in October as well, with the jobless rate anticipated to dip to 4.7% from 4.8% the prior month.\nStill, the labor market has still fallen short its pre-pandemic conditions on a number of fronts. The unemployment rate has yet to return to its 50-year low of 3.5% from February 2020. And as of September, the civilian labor force was still down by about 3.1 million individuals from pre-virus levels.\nOne factor weighing on the labor market in August and September was the Delta variant, which may have deterred some workers from seeking employment in person for risk of infection. And an ongoing element dragging on the labor market's recovery has been a mismatch of supply and demand, with employers struggling to fill a near-record number of job openings while voluntary quits jumped to a historically high level.\n\"Next week’s October payrolls report will shed light on whether supply eased on diminishing constraints or if the labor market continues to face headwinds for now,\" wrote Rubeela Farooqi, chief U.S. economist for High Frequency Economics, in a note last week.\nBut some data from the past couple weeks has reflected favorably on conditions in the labor market in October. Weekly new unemployment claims broke below 300,000 for the first time since the start of the pandemic during the survey week for the October jobs report, or the week that includes the 12th of the month. And in the Conference Board's October Consumer Confidence Index, just 10.6% of consumers said jobs were \"hard to get,\" down from 13.0% in September. That brought the Conference Board's closely watched labor market differential, or percentage of consumers saying jobs are \"hard to get\" subtracted from the percentage saying jobs \"are plentiful,\" to 45, or its highest level since 2000.\nEconomic calendar\n\nMonday: Markit U.S. Manufacturing PMI, Oct. final (59.3 expected, 59.2 in September); Constructing spending, month-over-month, September (0.4% expected, 0.0% in August); ISM Manufacturing Index, Oct. (60.5 expected, 61.1 in September)\nTuesday: No notable reports scheduled for release\nWednesday: MBA Mortgage Applications, week ended Oct. 29 (0.3% during prior week); ADP Employment Change, Oct. (400,000 expected, 568,000 in September); ISM Services Index, October (62.0 expected, 61.9 in September); Factory Orders, September (-0.1% expected, 1.2% in August); Durable goods orders, September final (-0.4% in prior print; Durable goods orders excluding transportation, September final (0.4% in prior print); Non-defense capital goods orders excluding aircraft, September final (0.8% in prior print); Markit U.S. Services PMI, October final (58.2 expected, 58.2 in prior print); Markit U.S. Composite PMI, October final (57.3 in prior print); Federal Open Market Committee monetary policy decision\nThursday: Challenger job cuts, year-over-year, October (-84.9% in September); Initial jobless claims, week ended Oct. 30 (275,000 expected, 281,000 during prior week); Continuing claims, week ended Oct. 23 (2.147 million expected, 2.243 million during prior week); Non-farm productivity, Q3 preliminary (-3.2% expected, 2.1% in Q2); Unit Labor Costs, Q3 preliminary (6.9% expected, 1.3% in Q2); Trade balance, September (-$80.1 billion expected, -$73.3 billion in August)\nFriday: Change in non-farm payrolls, October (450,000 expected, 194,000 in September); Unemployment rate, October (4.7% expected, 4.8% in September); Average hourly earnings, month-over-month, October (4.7% expected, 4.8% in September); Average hourly earnings, year-over-year, October (4.9% expected, 4.6% in September); Labor Force Participation Rate, October (61.8% expected, 61.6% in September); Consumer Credit, September ($16.200 billion expected, $14.379 million in August)\n\nEarnings calendar\n\nMonday: Clorox (CLX), Avis Budget Group (CAR), ZoomInfo Technologies (ZI), Chegg Inc. (CHGG), Diamondback Energy (FANG), The Simon Property Group (SPG) after market close\nTuesday: Under Armour (UAA), Estee Lauder (EL), Ralph Lauren (RL), Apollo Global Management (APO), Corsair Gaming (CRSR), Bloomin' Brands (BLMN), ConocoPhillips (COP), Pfizer (PFE), Groupon (GPN), Marathon Petroleum (MPC) before market open; Mondelez (MDLZ), T-Mobile (TMUS), Akamai (AKAM), Activision Blizzard (ATVI), Lyft (LYFT), Match Group (MTCH), Devon Energy (DVN), Chesapeake Energy (CHK), Coursera (COUR), Zillow Group (ZG), Amgen (AMGN) after market close\nWednesday: Humana (HUM), Discovery Inc. (DISCA), The New York Times (NYT), Norwegian Cruise Line Holdings (NCLH), Marriott International (MAR), CVS Health Corp. (CVS), Sinclair Broadcast Group (SBGI) before market open; Booking Holdings (BKNG), Qorvo (QRVO), The Allstate Corp. (ALL), MGM Resorts International (MGM), $Take-Two Interactive Software(TTWO)$ (TTWO), Electronic Arts (EA), Vimeo (VMEO), Etsy (ETSY), GoDaddy (GDDY), Marathon Oil Corp. (MRO), Roku (ROKU), Qualcomm (QCOM) after market close\nThursday: Cigna (CI), Wayfair (W), ViacomCBS (VIAC), Nikola (NKLA), Duke Energy (DUK), Citrix Systems (CTXS), Regeneron Pharmaceuticals (REGN), Hanesbrands (HBI), Moderna (MRNA), Planet Fitness (PLNT), Vulcan Material (VMC), Kellogg (K), Square (SQ), Cloudflare (NET), Occidental Petroleum (OXY), Uber Technologies (UBER), American International Group (AIG), Shake Shack (SHAK), iHeartMedia (IHRT), Novavax (NVAX), IAC Interactive Corp. (IAC), Peloton (PTON), Dropbox (DBX), DataDog (DDOG), Pinterest (PINS), Skyworks Solutions (SWKS), Expedia (EXPE), Rocket Cos. (RKT), Live Nation Entertainment (LYV), Airbnb (ABNB)\nFriday: Wynn Resorts (WYNN), Dish Networks (DISH), Dominion Energy (D), DraftKings (DKNG), Goodyear Tire and Rubber (GT), Cinemark Holdings (CNK) before market open","news_type":1,"symbols_score_info":{".DJI":0.9,"ATVI":0.9,"COP":0.9,"APO":0.9,"RL":0.9,"UBER":0.9,".IXIC":0.9,"PFE":0.9,"CLX":0.9,"EL":0.9,".SPX":0.9,"BLMN":0.9,"CRSR":0.9}},"isVote":1,"tweetType":1,"viewCount":2835,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":840765803,"gmtCreate":1635690640962,"gmtModify":1635690641092,"author":{"id":"3583641915640836","authorId":"3583641915640836","name":"4872be6","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583641915640836","authorIdStr":"3583641915640836"},"themes":[],"title":"","htmlText":"Comment&nbsp;","listText":"Comment&nbsp;","text":"Comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/840765803","repostId":"2179225281","repostType":4,"isVote":1,"tweetType":1,"viewCount":3051,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":857785905,"gmtCreate":1635560897446,"gmtModify":1635560897566,"author":{"id":"3583641915640836","authorId":"3583641915640836","name":"4872be6","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583641915640836","authorIdStr":"3583641915640836"},"themes":[],"title":"","htmlText":"Comment&nbsp;","listText":"Comment&nbsp;","text":"Comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/857785905","repostId":"2179236242","repostType":4,"isVote":1,"tweetType":1,"viewCount":2770,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":854720139,"gmtCreate":1635484905579,"gmtModify":1635484905832,"author":{"id":"3583641915640836","authorId":"3583641915640836","name":"4872be6","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583641915640836","authorIdStr":"3583641915640836"},"themes":[],"title":"","htmlText":"Comment&nbsp;","listText":"Comment&nbsp;","text":"Comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/854720139","repostId":"1197599551","repostType":4,"repost":{"id":"1197599551","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1635461289,"share":"https://www.laohunote.com/m/news/1197599551?lang=zh_CN&edition=full","pubTime":"2021-10-29 06:48","market":"us","language":"en","title":"Amazon badly misses on earnings and revenue, gives disappointing guidance<blockquote>亚马逊的盈利和收入严重低迷，给出的指引令人失望</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1197599551","media":"Tiger Newspress","summary":"Amazon shares dropped more than 4% in extended trading on Thursday after the company reported weaker","content":"<p>Amazon&nbsp;shares dropped more than 4% in extended trading on Thursday after the company&nbsp;reported&nbsp;weaker-than-expected results for the third quarter and delivered disappointing guidance for the critical holiday period.</p><p><blockquote>亚马逊股价在周四盘后交易中下跌超过 4%，此前该公司公布的第三季度业绩弱于预期，并为关键假期期间提供了令人失望的指引。</blockquote></p><p> <ul>  <li><b>Earnings:</b>$6.12 vs $8.92 per share expected, according to analysts surveyed by Refinitiv</li>  <li><b>Revenue:</b>$110.81 billion vs $111.6 billion expected, according to analysts surveyed by Refinitiv</li> </ul> <img src=\"https://static.tigerbbs.com/33b2c00e116cbf6cb68edeaf56f48177\" tg-width=\"847\" tg-height=\"621\" referrerpolicy=\"no-referrer\"></p><p><blockquote><ul><li><b>收益：</b>路孚特调查的分析师表示，预计每股股价为 6.12 美元，而预计为 8.92 美元</li><li><b>收入：</b>路孚特调查的分析师表示，1108.1 亿美元，而预期为 1116 亿美元</li></ul></blockquote></p><p> Amazon&nbsp;is reckoning with decelerating sales growth as consumers go back to physical stores and the company faces supply chain challenges. Revenue in the third quarter rose 15%, down from 37% growth in the same period a year ago.</p><p><blockquote>随着消费者重返实体店以及该公司面临供应链挑战，亚马逊正在考虑销售增长放缓。第三季度收入增长15%，低于去年同期37%的增长率。</blockquote></p><p> For the fourth quarter, Amazon forecast sales between $130 billion and $140 billion, representing growth between 4% and 12%. Analysts surveyed by FactSet were expecting revenue to rise 13.2% year-over-year to $142.1 billion.</p><p><blockquote>亚马逊预计第四季度销售额将在 1300 亿美元至 1400 亿美元之间，增长率在 4% 至 12% 之间。FactSet 调查的分析师预计收入将同比增长 13.2%，达到 1,421 亿美元。</blockquote></p><p> Amazon.com Inc&nbsp;on Thursday reported a slump in profit that it expects will continue through the holiday quarter, as higher wages and spending to attract workers diminish the company's windfall from online shopping.</p><p><blockquote>亚马逊周四报告称，由于工资上涨和吸引工人的支出减少了该公司网上购物带来的意外之财，预计利润下滑将持续到假日季度。</blockquote></p><p> After a year of blockbuster results, the world's largest online retailer is facing a tougher outlook. In a tight labor market, it has boosted average U.S. warehouse pay to $18 per hour and marketed ever bigger signing bonuses to attract blue-collar staff it needs to keep its high-turnover operation humming.</p><p><blockquote>在经历了一年的重磅业绩后，这家全球最大的在线零售商面临着更加严峻的前景。在劳动力市场紧张的情况下，该公司将美国仓库平均工资提高到每小时 18 美元，并推出了更高的签约奖金，以吸引维持高流动率运营所需的蓝领员工。</blockquote></p><p> The company meanwhile is contending with global supply chain disruptions. It has doubled its container processing ability, expanded its delivery service partner program and has ramped up its warehouse investments - all at a noteworthy cost.</p><p><blockquote>与此同时，该公司正在应对全球供应链中断。它将集装箱处理能力提高了一倍，扩大了交付服务合作伙伴计划，并增加了仓库投资——所有这些都付出了值得注意的代价。</blockquote></p><p> The company said it expects operating profit for the current quarter to be between $0 and $3.0 billion, short of $6.9 billion Amazon posted the year prior. In the just-ended third quarter, net income fell by about 50% to $3.16 billion, a first since the start of the coronavirus pandemic in the United States.</p><p><blockquote>该公司表示，预计本季度营业利润将在 0 至 30 亿美元之间，低于亚马逊上年公布的 69 亿美元。在刚刚结束的第三季度，净利润下降了约50%，至31.6亿美元，这是自美国冠状病毒大流行开始以来的首次。</blockquote></p><p> Andy Jassy, who took the helm of Amazon as CEO in July, said in a statement the company would incur several billion dollars of extra expenses in its consumer business to deal with higher shipping costs, increased wages and labor shortages.</p><p><blockquote>7 月份接任亚马逊首席执行官的安迪·贾西 (Andy Jassy) 在一份声明中表示，该公司将在消费者业务中产生数十亿美元的额外费用，以应对更高的运输成本、工资上涨和劳动力短缺。</blockquote></p><p> Amazon is \"doing whatever it takes to minimize the impact on customers and selling partners this holiday season,\" he said. \"It'll be expensive for us in the short term, but it's the right prioritization for our customers and partners.\"</p><p><blockquote>他说，亚马逊“正在尽一切努力尽量减少这个假期对客户和销售合作伙伴的影响”。“短期内这对我们来说会很昂贵，但对于我们的客户和合作伙伴来说，这是正确的优先事项。”</blockquote></p><p> The retailer has strived to prevent a repeat of the 2013 season when delays left some without presents on Christmas Day.</p><p><blockquote>该零售商一直在努力防止2013年的重演，当时延误导致一些人在圣诞节没有礼物。</blockquote></p><p> Retailers are facing supply constraints on everything from toys and Nike sneakers to laptops, making it difficult for them to stock their shelves.</p><p><blockquote>从玩具、耐克运动鞋到笔记本电脑，零售商都面临着供应限制，这使得他们很难在货架上进货。</blockquote></p><p> Supply chain woes are also costing Apple Inc&nbsp;- $6 billion in sales during the company's fiscal fourth quarter according to results released on Thursday. Apple Chief Executive Tim Cook said that the impact will be even worse during the holiday sales quarter.</p><p><blockquote>供应链困境也给苹果公司造成了损失——根据周四发布的业绩，该公司第四财季的销售额为 60 亿美元。苹果首席执行官蒂姆·库克表示，假日销售季度的影响将更加严重。</blockquote></p><p> Some analysts like Nicholas Hyett of Hargreaves Lansdown gave Amazon a pass, recognizing the company's track record of high spending to deliver for customers has paid off in the long run.</p><p><blockquote>哈格里夫斯·兰斯当 (Hargreaves Lansdown) 的尼古拉斯·海特 (Nicholas Hyett) 等一些分析师放弃了亚马逊，认识到该公司为客户送货的高额支出从长远来看已经得到了回报。</blockquote></p><p> \"Amazon has never been overly focused on the bottom line,\" Hyett said. \"That willingness to invest in what the group hopes will be long term success at the expense of short term profits is on display again in these results.\"</p><p><blockquote>“亚马逊从来没有过度关注利润，”海特说。“这些业绩再次表明，集团愿意以牺牲短期利润为代价来投资于长期成功。”</blockquote></p><p> <b>LABOR SHORTAGE</b></p><p><blockquote><b>劳动力短缺</b></blockquote></p><p> Guru Hariharan, a former Amazon manager who is now CEO of CommerceIQ, said out-of-stocks were at an all time high for the company.</p><p><blockquote>亚马逊前经理、现任 CommerceIQ 首席执行官古鲁·哈里哈兰 (Guru Hariharan) 表示，该公司的缺货情况处于历史最高水平。</blockquote></p><p> \"The online marketplace will need to continue to address fill rates to meet demand before the holiday shopping season,\" he said.</p><p><blockquote>“在线市场将需要继续解决填充率问题，以满足假日购物季之前的需求，”他说。</blockquote></p><p> Amazon CFO Brian Olsavsky said on a call with reporters that the labor shortage had been a challenge, leading to inconsistent staffing levels. Workers, not physical space, became its primary capacity constraint in the third quarter, he said.</p><p><blockquote>亚马逊首席财务官 Brian Olsavsky 在与记者举行的看涨期权上表示，劳动力短缺一直是一个挑战，导致人员配备水平不一致。他说，工人，而不是物理空间，成为第三季度的主要产能限制。</blockquote></p><p> And that has had a ripple effect.</p><p><blockquote>这产生了连锁反应。</blockquote></p><p> \"Inventory placement is frequently redirected to fulfillment centers that have labor to receive this product, which results in less optimal placement, which leads to longer and more expensive transportation routes,\" he said.</p><p><blockquote>“库存放置经常被重定向到有劳动力接收该产品的履行中心，这导致放置不太理想，从而导致运输路线更长、更昂贵，”他说。</blockquote></p><p> Amazon faced an extra $2 billion in costs from labor, inflation and operational disruptions, an amount that is supposed to rise to $4 billion in the current period, Olsavsky said.</p><p><blockquote>奥尔萨夫斯基表示，亚马逊面临着来自劳动力、通货膨胀和运营中断的额外 20 亿美元成本，预计本期这一数额将增至 40 亿美元。</blockquote></p><p> Staff are pushing for more, too. Around 2,000 workers in New York City petitioned this week for a vote on whether to make their warehouse the company's first unionized facility in the United States.</p><p><blockquote>员工们也在争取更多。纽约市约 2,000 名工人本周请愿，要求投票决定是否将他们的仓库作为该公司在美国的第一个工会工厂。</blockquote></p><p></p><p> To juice sales, the company began encouraging customers to shop holiday deals as early as Oct. 4 this year. Still, consumers have begun returning to pre-pandemic shopping levels, spending more on travel and services, Olsavsky said.</p><p><blockquote>为了促进果汁销售，该公司早在今年 10 月 4 日就开始鼓励顾客购买假日优惠。奥尔萨夫斯基说，尽管如此，消费者已经开始恢复到大流行前的购物水平，在旅行和服务上花费更多。</blockquote></p><p> The company forecast fourth-quarter sales to be between $130 billion and $140 billion. Analysts were expecting $142.05 billion, according to IBES data from Refinitiv. It missed expectations for third-quarter sales as well, witnessing its slowest growth since the COVID-19 outbreak.</p><p><blockquote>该公司预计第四季度销售额将在 1300 亿至 1400 亿美元之间。根据 Refinitiv 的 IBES 数据，分析师预计为 1,420.5 亿美元。该公司第三季度销售额也未达到预期，出现了自 COVID-19 爆发以来最慢的增长。</blockquote></p><p> Amazon's cloud computing division was a bright spot. Olsavsky said revenue growth re-accelerated for that business, and the company beat analysts' expectations with net sales of $16.1 billion in the quarter. Amazon Web Services has seen sales rise with demand for gaming and remote work during the pandemic.</p><p><blockquote>亚马逊的云计算部门是一个亮点。奥尔萨夫斯基表示，该业务的收入增长再次加速，该公司本季度净销售额达到 161 亿美元，超出了分析师的预期。疫情期间，随着游戏和远程工作的需求，亚马逊网络服务的销售额有所增长。</blockquote></p><p> Total net sales rose to $110.81 billion in the third quarter ended Sept. 30, from $96.15 billion, a year earlier.</p><p><blockquote>截至 9 月 30 日的第三季度，净销售总额从去年同期的 961.5 亿美元增至 1108.1 亿美元。</blockquote></p><p> Analysts had predicted $111.60 billion, according to IBES data from Refinitiv.</p><p><blockquote>根据 Refinitiv 的 IBES 数据，分析师此前预测为 1116.0 亿美元。</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>Amazon badly misses on earnings and revenue, gives disappointing guidance<blockquote>亚马逊的盈利和收入严重低迷，给出的指引令人失望</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmazon badly misses on earnings and revenue, gives disappointing guidance<blockquote>亚马逊的盈利和收入严重低迷，给出的指引令人失望</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-10-29 06:48</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Amazon&nbsp;shares dropped more than 4% in extended trading on Thursday after the company&nbsp;reported&nbsp;weaker-than-expected results for the third quarter and delivered disappointing guidance for the critical holiday period.</p><p><blockquote>亚马逊股价在周四盘后交易中下跌超过 4%，此前该公司公布的第三季度业绩弱于预期，并为关键假期期间提供了令人失望的指引。</blockquote></p><p> <ul>  <li><b>Earnings:</b>$6.12 vs $8.92 per share expected, according to analysts surveyed by Refinitiv</li>  <li><b>Revenue:</b>$110.81 billion vs $111.6 billion expected, according to analysts surveyed by Refinitiv</li> </ul> <img src=\"https://static.tigerbbs.com/33b2c00e116cbf6cb68edeaf56f48177\" tg-width=\"847\" tg-height=\"621\" referrerpolicy=\"no-referrer\"></p><p><blockquote><ul><li><b>收益：</b>路孚特调查的分析师表示，预计每股股价为 6.12 美元，而预计为 8.92 美元</li><li><b>收入：</b>路孚特调查的分析师表示，1108.1 亿美元，而预期为 1116 亿美元</li></ul></blockquote></p><p> Amazon&nbsp;is reckoning with decelerating sales growth as consumers go back to physical stores and the company faces supply chain challenges. Revenue in the third quarter rose 15%, down from 37% growth in the same period a year ago.</p><p><blockquote>随着消费者重返实体店以及该公司面临供应链挑战，亚马逊正在考虑销售增长放缓。第三季度收入增长15%，低于去年同期37%的增长率。</blockquote></p><p> For the fourth quarter, Amazon forecast sales between $130 billion and $140 billion, representing growth between 4% and 12%. Analysts surveyed by FactSet were expecting revenue to rise 13.2% year-over-year to $142.1 billion.</p><p><blockquote>亚马逊预计第四季度销售额将在 1300 亿美元至 1400 亿美元之间，增长率在 4% 至 12% 之间。FactSet 调查的分析师预计收入将同比增长 13.2%，达到 1,421 亿美元。</blockquote></p><p> Amazon.com Inc&nbsp;on Thursday reported a slump in profit that it expects will continue through the holiday quarter, as higher wages and spending to attract workers diminish the company's windfall from online shopping.</p><p><blockquote>亚马逊周四报告称，由于工资上涨和吸引工人的支出减少了该公司网上购物带来的意外之财，预计利润下滑将持续到假日季度。</blockquote></p><p> After a year of blockbuster results, the world's largest online retailer is facing a tougher outlook. In a tight labor market, it has boosted average U.S. warehouse pay to $18 per hour and marketed ever bigger signing bonuses to attract blue-collar staff it needs to keep its high-turnover operation humming.</p><p><blockquote>在经历了一年的重磅业绩后，这家全球最大的在线零售商面临着更加严峻的前景。在劳动力市场紧张的情况下，该公司将美国仓库平均工资提高到每小时 18 美元，并推出了更高的签约奖金，以吸引维持高流动率运营所需的蓝领员工。</blockquote></p><p> The company meanwhile is contending with global supply chain disruptions. It has doubled its container processing ability, expanded its delivery service partner program and has ramped up its warehouse investments - all at a noteworthy cost.</p><p><blockquote>与此同时，该公司正在应对全球供应链中断。它将集装箱处理能力提高了一倍，扩大了交付服务合作伙伴计划，并增加了仓库投资——所有这些都付出了值得注意的代价。</blockquote></p><p> The company said it expects operating profit for the current quarter to be between $0 and $3.0 billion, short of $6.9 billion Amazon posted the year prior. In the just-ended third quarter, net income fell by about 50% to $3.16 billion, a first since the start of the coronavirus pandemic in the United States.</p><p><blockquote>该公司表示，预计本季度营业利润将在 0 至 30 亿美元之间，低于亚马逊上年公布的 69 亿美元。在刚刚结束的第三季度，净利润下降了约50%，至31.6亿美元，这是自美国冠状病毒大流行开始以来的首次。</blockquote></p><p> Andy Jassy, who took the helm of Amazon as CEO in July, said in a statement the company would incur several billion dollars of extra expenses in its consumer business to deal with higher shipping costs, increased wages and labor shortages.</p><p><blockquote>7 月份接任亚马逊首席执行官的安迪·贾西 (Andy Jassy) 在一份声明中表示，该公司将在消费者业务中产生数十亿美元的额外费用，以应对更高的运输成本、工资上涨和劳动力短缺。</blockquote></p><p> Amazon is \"doing whatever it takes to minimize the impact on customers and selling partners this holiday season,\" he said. \"It'll be expensive for us in the short term, but it's the right prioritization for our customers and partners.\"</p><p><blockquote>他说，亚马逊“正在尽一切努力尽量减少这个假期对客户和销售合作伙伴的影响”。“短期内这对我们来说会很昂贵，但对于我们的客户和合作伙伴来说，这是正确的优先事项。”</blockquote></p><p> The retailer has strived to prevent a repeat of the 2013 season when delays left some without presents on Christmas Day.</p><p><blockquote>该零售商一直在努力防止2013年的重演，当时延误导致一些人在圣诞节没有礼物。</blockquote></p><p> Retailers are facing supply constraints on everything from toys and Nike sneakers to laptops, making it difficult for them to stock their shelves.</p><p><blockquote>从玩具、耐克运动鞋到笔记本电脑，零售商都面临着供应限制，这使得他们很难在货架上进货。</blockquote></p><p> Supply chain woes are also costing Apple Inc&nbsp;- $6 billion in sales during the company's fiscal fourth quarter according to results released on Thursday. Apple Chief Executive Tim Cook said that the impact will be even worse during the holiday sales quarter.</p><p><blockquote>供应链困境也给苹果公司造成了损失——根据周四发布的业绩，该公司第四财季的销售额为 60 亿美元。苹果首席执行官蒂姆·库克表示，假日销售季度的影响将更加严重。</blockquote></p><p> Some analysts like Nicholas Hyett of Hargreaves Lansdown gave Amazon a pass, recognizing the company's track record of high spending to deliver for customers has paid off in the long run.</p><p><blockquote>哈格里夫斯·兰斯当 (Hargreaves Lansdown) 的尼古拉斯·海特 (Nicholas Hyett) 等一些分析师放弃了亚马逊，认识到该公司为客户送货的高额支出从长远来看已经得到了回报。</blockquote></p><p> \"Amazon has never been overly focused on the bottom line,\" Hyett said. \"That willingness to invest in what the group hopes will be long term success at the expense of short term profits is on display again in these results.\"</p><p><blockquote>“亚马逊从来没有过度关注利润，”海特说。“这些业绩再次表明，集团愿意以牺牲短期利润为代价来投资于长期成功。”</blockquote></p><p> <b>LABOR SHORTAGE</b></p><p><blockquote><b>劳动力短缺</b></blockquote></p><p> Guru Hariharan, a former Amazon manager who is now CEO of CommerceIQ, said out-of-stocks were at an all time high for the company.</p><p><blockquote>亚马逊前经理、现任 CommerceIQ 首席执行官古鲁·哈里哈兰 (Guru Hariharan) 表示，该公司的缺货情况处于历史最高水平。</blockquote></p><p> \"The online marketplace will need to continue to address fill rates to meet demand before the holiday shopping season,\" he said.</p><p><blockquote>“在线市场将需要继续解决填充率问题，以满足假日购物季之前的需求，”他说。</blockquote></p><p> Amazon CFO Brian Olsavsky said on a call with reporters that the labor shortage had been a challenge, leading to inconsistent staffing levels. Workers, not physical space, became its primary capacity constraint in the third quarter, he said.</p><p><blockquote>亚马逊首席财务官 Brian Olsavsky 在与记者举行的看涨期权上表示，劳动力短缺一直是一个挑战，导致人员配备水平不一致。他说，工人，而不是物理空间，成为第三季度的主要产能限制。</blockquote></p><p> And that has had a ripple effect.</p><p><blockquote>这产生了连锁反应。</blockquote></p><p> \"Inventory placement is frequently redirected to fulfillment centers that have labor to receive this product, which results in less optimal placement, which leads to longer and more expensive transportation routes,\" he said.</p><p><blockquote>“库存放置经常被重定向到有劳动力接收该产品的履行中心，这导致放置不太理想，从而导致运输路线更长、更昂贵，”他说。</blockquote></p><p> Amazon faced an extra $2 billion in costs from labor, inflation and operational disruptions, an amount that is supposed to rise to $4 billion in the current period, Olsavsky said.</p><p><blockquote>奥尔萨夫斯基表示，亚马逊面临着来自劳动力、通货膨胀和运营中断的额外 20 亿美元成本，预计本期这一数额将增至 40 亿美元。</blockquote></p><p> Staff are pushing for more, too. Around 2,000 workers in New York City petitioned this week for a vote on whether to make their warehouse the company's first unionized facility in the United States.</p><p><blockquote>员工们也在争取更多。纽约市约 2,000 名工人本周请愿，要求投票决定是否将他们的仓库作为该公司在美国的第一个工会工厂。</blockquote></p><p></p><p> To juice sales, the company began encouraging customers to shop holiday deals as early as Oct. 4 this year. Still, consumers have begun returning to pre-pandemic shopping levels, spending more on travel and services, Olsavsky said.</p><p><blockquote>为了促进果汁销售，该公司早在今年 10 月 4 日就开始鼓励顾客购买假日优惠。奥尔萨夫斯基说，尽管如此，消费者已经开始恢复到大流行前的购物水平，在旅行和服务上花费更多。</blockquote></p><p> The company forecast fourth-quarter sales to be between $130 billion and $140 billion. Analysts were expecting $142.05 billion, according to IBES data from Refinitiv. It missed expectations for third-quarter sales as well, witnessing its slowest growth since the COVID-19 outbreak.</p><p><blockquote>该公司预计第四季度销售额将在 1300 亿至 1400 亿美元之间。根据 Refinitiv 的 IBES 数据，分析师预计为 1,420.5 亿美元。该公司第三季度销售额也未达到预期，出现了自 COVID-19 爆发以来最慢的增长。</blockquote></p><p> Amazon's cloud computing division was a bright spot. Olsavsky said revenue growth re-accelerated for that business, and the company beat analysts' expectations with net sales of $16.1 billion in the quarter. Amazon Web Services has seen sales rise with demand for gaming and remote work during the pandemic.</p><p><blockquote>亚马逊的云计算部门是一个亮点。奥尔萨夫斯基表示，该业务的收入增长再次加速，该公司本季度净销售额达到 161 亿美元，超出了分析师的预期。疫情期间，随着游戏和远程工作的需求，亚马逊网络服务的销售额有所增长。</blockquote></p><p> Total net sales rose to $110.81 billion in the third quarter ended Sept. 30, from $96.15 billion, a year earlier.</p><p><blockquote>截至 9 月 30 日的第三季度，净销售总额从去年同期的 961.5 亿美元增至 1108.1 亿美元。</blockquote></p><p> Analysts had predicted $111.60 billion, according to IBES data from Refinitiv.</p><p><blockquote>根据 Refinitiv 的 IBES 数据，分析师此前预测为 1116.0 亿美元。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1197599551","content_text":"Amazon shares dropped more than 4% in extended trading on Thursday after the company reported weaker-than-expected results for the third quarter and delivered disappointing guidance for the critical holiday period.\n\nEarnings:$6.12 vs $8.92 per share expected, according to analysts surveyed by Refinitiv\nRevenue:$110.81 billion vs $111.6 billion expected, according to analysts surveyed by Refinitiv\n\n\nAmazon is reckoning with decelerating sales growth as consumers go back to physical stores and the company faces supply chain challenges. Revenue in the third quarter rose 15%, down from 37% growth in the same period a year ago.\nFor the fourth quarter, Amazon forecast sales between $130 billion and $140 billion, representing growth between 4% and 12%. Analysts surveyed by FactSet were expecting revenue to rise 13.2% year-over-year to $142.1 billion.\nAmazon.com Inc on Thursday reported a slump in profit that it expects will continue through the holiday quarter, as higher wages and spending to attract workers diminish the company's windfall from online shopping.\nAfter a year of blockbuster results, the world's largest online retailer is facing a tougher outlook. In a tight labor market, it has boosted average U.S. warehouse pay to $18 per hour and marketed ever bigger signing bonuses to attract blue-collar staff it needs to keep its high-turnover operation humming.\nThe company meanwhile is contending with global supply chain disruptions. It has doubled its container processing ability, expanded its delivery service partner program and has ramped up its warehouse investments - all at a noteworthy cost.\nThe company said it expects operating profit for the current quarter to be between $0 and $3.0 billion, short of $6.9 billion Amazon posted the year prior. In the just-ended third quarter, net income fell by about 50% to $3.16 billion, a first since the start of the coronavirus pandemic in the United States.\nAndy Jassy, who took the helm of Amazon as CEO in July, said in a statement the company would incur several billion dollars of extra expenses in its consumer business to deal with higher shipping costs, increased wages and labor shortages.\nAmazon is \"doing whatever it takes to minimize the impact on customers and selling partners this holiday season,\" he said. \"It'll be expensive for us in the short term, but it's the right prioritization for our customers and partners.\"\nThe retailer has strived to prevent a repeat of the 2013 season when delays left some without presents on Christmas Day.\nRetailers are facing supply constraints on everything from toys and Nike sneakers to laptops, making it difficult for them to stock their shelves.\nSupply chain woes are also costing Apple Inc - $6 billion in sales during the company's fiscal fourth quarter according to results released on Thursday. Apple Chief Executive Tim Cook said that the impact will be even worse during the holiday sales quarter.\nSome analysts like Nicholas Hyett of Hargreaves Lansdown gave Amazon a pass, recognizing the company's track record of high spending to deliver for customers has paid off in the long run.\n\"Amazon has never been overly focused on the bottom line,\" Hyett said. \"That willingness to invest in what the group hopes will be long term success at the expense of short term profits is on display again in these results.\"\nLABOR SHORTAGE\nGuru Hariharan, a former Amazon manager who is now CEO of CommerceIQ, said out-of-stocks were at an all time high for the company.\n\"The online marketplace will need to continue to address fill rates to meet demand before the holiday shopping season,\" he said.\nAmazon CFO Brian Olsavsky said on a call with reporters that the labor shortage had been a challenge, leading to inconsistent staffing levels. Workers, not physical space, became its primary capacity constraint in the third quarter, he said.\nAnd that has had a ripple effect.\n\"Inventory placement is frequently redirected to fulfillment centers that have labor to receive this product, which results in less optimal placement, which leads to longer and more expensive transportation routes,\" he said.\nAmazon faced an extra $2 billion in costs from labor, inflation and operational disruptions, an amount that is supposed to rise to $4 billion in the current period, Olsavsky said.\nStaff are pushing for more, too. Around 2,000 workers in New York City petitioned this week for a vote on whether to make their warehouse the company's first unionized facility in the United States.\nTo juice sales, the company began encouraging customers to shop holiday deals as early as Oct. 4 this year. Still, consumers have begun returning to pre-pandemic shopping levels, spending more on travel and services, Olsavsky said.\nThe company forecast fourth-quarter sales to be between $130 billion and $140 billion. Analysts were expecting $142.05 billion, according to IBES data from Refinitiv. It missed expectations for third-quarter sales as well, witnessing its slowest growth since the COVID-19 outbreak.\nAmazon's cloud computing division was a bright spot. Olsavsky said revenue growth re-accelerated for that business, and the company beat analysts' expectations with net sales of $16.1 billion in the quarter. Amazon Web Services has seen sales rise with demand for gaming and remote work during the pandemic.\nTotal net sales rose to $110.81 billion in the third quarter ended Sept. 30, from $96.15 billion, a year earlier.\nAnalysts had predicted $111.60 billion, according to IBES data from Refinitiv.","news_type":1,"symbols_score_info":{"AMZN":0.9}},"isVote":1,"tweetType":1,"viewCount":3631,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":854301868,"gmtCreate":1635416226054,"gmtModify":1635416226131,"author":{"id":"3583641915640836","authorId":"3583641915640836","name":"4872be6","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583641915640836","authorIdStr":"3583641915640836"},"themes":[],"title":"","htmlText":"Comment","listText":"Comment","text":"Comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/854301868","repostId":"2178252242","repostType":4,"isVote":1,"tweetType":1,"viewCount":988,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":852754038,"gmtCreate":1635306135360,"gmtModify":1635306135455,"author":{"id":"3583641915640836","authorId":"3583641915640836","name":"4872be6","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583641915640836","authorIdStr":"3583641915640836"},"themes":[],"title":"","htmlText":"Comment&nbsp;","listText":"Comment&nbsp;","text":"Comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/852754038","repostId":"1160293256","repostType":4,"isVote":1,"tweetType":1,"viewCount":1089,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":856442341,"gmtCreate":1635209689096,"gmtModify":1635209884875,"author":{"id":"3583641915640836","authorId":"3583641915640836","name":"4872be6","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583641915640836","authorIdStr":"3583641915640836"},"themes":[],"title":"","htmlText":"Comment&nbsp;","listText":"Comment&nbsp;","text":"Comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/856442341","repostId":"1182426097","repostType":4,"isVote":1,"tweetType":1,"viewCount":1251,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":856907444,"gmtCreate":1635137212006,"gmtModify":1635137212241,"author":{"id":"3583641915640836","authorId":"3583641915640836","name":"4872be6","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583641915640836","authorIdStr":"3583641915640836"},"themes":[],"title":"","htmlText":"Comment&nbsp;","listText":"Comment&nbsp;","text":"Comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/856907444","repostId":"1167039476","repostType":4,"isVote":1,"tweetType":1,"viewCount":843,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":858200865,"gmtCreate":1635050769013,"gmtModify":1635050769292,"author":{"id":"3583641915640836","authorId":"3583641915640836","name":"4872be6","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583641915640836","authorIdStr":"3583641915640836"},"themes":[],"title":"","htmlText":"Post&nbsp;","listText":"Post&nbsp;","text":"Post","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/858200865","repostId":"1100055241","repostType":4,"repost":{"id":"1100055241","kind":"news","pubTimestamp":1635040192,"share":"https://www.laohunote.com/m/news/1100055241?lang=zh_CN&edition=full","pubTime":"2021-10-24 09:49","market":"us","language":"en","title":"Intel: Good Value Or Value Trap?<blockquote>英特尔：好价值还是价值陷阱？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1100055241","media":"Seeking Alpha","summary":"Intel had a mixed earnings report that sent some investors running for the hills.The company beat earnings and actually raised guidance for 2021, but they signaled that supply chain issues remain and profitability in 2022 will be lower.After the sell-off, is Intel a good value or a value trap?The waters have been pretty rough for Intel Corp.  investors over the past few years.It seems like every time the sun comes out...there is another storm right around the corner.As highlighted on the earning","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Intel had a mixed earnings report&nbsp;that sent some investors running for the hills.</li>  <li>The company beat earnings and actually raised guidance for 2021, but they signaled that supply chain issues remain and profitability in 2022 will be lower.</li>  <li>After the sell-off, is Intel a good value or a value trap?</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c02609041d90c055d66b217f06706d28\" tg-width=\"1536\" tg-height=\"1022\" referrerpolicy=\"no-referrer\"><span>4kodiak/iStock Unreleased via Getty Images</span></p><p><blockquote><ul><li>英特尔的财报喜忧参半，这让一些投资者望而却步。</li><li>该公司超出了盈利预期，实际上提高了 2021 年的指引，但他们表示供应链问题仍然存在，2022 年的盈利能力将较低。</li><li>抛售之后，英特尔是好价值还是价值陷阱？</li></ul><p class=\"t-img-caption\"><span>4kodiak/iStock 未通过 Getty Images 发布</span></p></blockquote></p><p> The waters have been pretty rough for Intel Corp. (INTC) investors over the past few years.</p><p><blockquote>过去几年，英特尔公司 (INTC) 投资者的处境相当艰难。</blockquote></p><p> It seems like every time the sun comes out...there is another storm right around the corner.</p><p><blockquote>好像每次太阳出来……...又一场暴风雨就在眼前。</blockquote></p><p> As highlighted on the earnings call last night, the next \"storm\" brewing for Intel is continued supply chain issues (component shortages in the PC business) and reduced near-term profitability from rising capital expenditure needs, which has sent the stock plummeting 11% this morning into the abyss.</p><p><blockquote>正如昨晚的财报看涨期权上所强调的那样，英特尔正在酝酿的下一个“风暴”是持续的供应链问题（个人电脑业务的零部件短缺）以及不断上升的资本支出需求导致近期盈利能力下降，这导致该股暴跌11%今天上午陷入深渊。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/5bd612f6f25b6e86d7a72b38440d513f\" tg-width=\"640\" tg-height=\"449\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> However, buying the dips has actually been pretty lucrative in the recent past...if, of course, you were lucky enough to fade the rallies.</p><p><blockquote>然而，在最近的过去，逢低买入实际上是相当有利可图的……当然，如果你足够幸运，赶上了涨势。</blockquote></p><p> To be fair, Intel has had its fair share of challenges this year, despite general tailwinds in the industry (i.e., chip demand far outpacing supply).</p><p><blockquote>公平地说，尽管行业普遍有利（即芯片需求远远超过供应），但英特尔今年仍然面临着相当大的挑战。</blockquote></p><p> Specifically, Intel has had some well-documented manufacturing blunders that have caused major delays and loss of some market share...mainly to Advanced Micro Devices (AMD).</p><p><blockquote>具体来说，英特尔出现了一些有据可查的制造失误，导致了重大延误和部分市场份额的损失……主要是先进微设备公司（AMD）。</blockquote></p><p> This has triggered concern amongst investors that the stock may be a potential \"value trap\" now.</p><p><blockquote>这引发了投资者的担忧，即该股现在可能是一个潜在的“价值陷阱”。</blockquote></p><p> All that said, Intel is dedicated to spending $25 billion to $28 billion in 2022 and just broke ground on some new fabs.</p><p><blockquote>尽管如此，英特尔致力于在 2022 年斥资 250 亿至 280 亿美元，并且刚刚在一些新晶圆厂上破土动工。</blockquote></p><p> Personally, I don't think we are anywhere near peak demand for chips and I believe that Intel's fabrication capabilities are (and will continue to be) a huge advantage for the company for years to come.</p><p><blockquote>就我个人而言，我认为我们还没有接近芯片需求的峰值，我相信英特尔的制造能力是（并将继续是）该公司未来几年的巨大优势。</blockquote></p><p> So how can we structure a trade to take advantage of the upside potential in the stock (after this pullback) while also protecting ourselves from more near-term downside (if any)?</p><p><blockquote>那么，我们如何组织交易来利用股票的上行潜力（在这次回调之后），同时保护自己免受更多近期下行（如果有的话）的影响呢？</blockquote></p><p> <b>It's a perfect situation for a \"Triple Play\" trade!</b></p><p><blockquote><b>这是“三网融合”交易的完美局面!</b></blockquote></p><p> Intel Corp.</p><p><blockquote>英特尔公司</blockquote></p><p> <b>Sector/Industry:</b>Technology/Semiconductors</p><p><blockquote><b>行业/行业：</b>技术/半导体</blockquote></p><p>   Intel is the world's largest chipmaker. It designs and manufactures microprocessors for the global personal computer and data center markets. Intel pioneered the x86 architecture for microprocessors. It was the prime proponent of Moore's Law for advances in semiconductor manufacturing, though the firm has recently faced manufacturing delays. While Intel's server processor business has benefited from the shift to the cloud, the firm has also been expanding into new adjacencies as the personal computer market has stagnated. These include areas such as the Internet of Things, artificial intelligence, and automotive. Intel has been active on the merger and acquisitions front, acquiring Altera, Mobileye, and Habana Labs in order to bolster these efforts in non-PC arenas.  <i>Source: YCharts</i></p><p><blockquote>英特尔是全球最大的芯片制造商。它为全球个人电脑和数据中心市场设计和制造微处理器。英特尔是微处理器x86架构的先驱。它是半导体制造进步摩尔定律的主要支持者，尽管该公司最近面临制造延误。虽然英特尔的服务器处理器业务受益于向云的转变，但随着个人电脑市场停滞不前，该公司也在向新的邻近地区扩张。其中包括物联网、人工智能和汽车等领域。英特尔一直活跃在并购领域，收购了Altera、Mobileye和Habana Labs，以支持非PC领域的这些努力。<i>资料来源：YCharts</i></blockquote></p><p> <b>Valuation/Upside Potential</b></p><p><blockquote><b>估值/上行潜力</b></blockquote></p><p> Intel looks extremely attractive from a valuation standpoint and is currently trading at a decent discount to all of its long-term valuation metrics (hence the high Value Ranking of 10).</p><p><blockquote>从估值的角度来看，英特尔看起来极具吸引力，目前其所有长期估值指标的交易价格都有相当大的折扣（因此价值排名为 10）。</blockquote></p><p> Specifically, Intel is trading at a nice discount to its historical P/E multiple on a forward basis (10.6x 2021 earnings).<i>Note that the company actually just increased its guidance for fiscal 2021 earnings to $5.28 per share</i>.</p><p><blockquote>具体来说，英特尔的远期交易价格较其历史市盈率有不错的折扣（2021 年收益的 10.6 倍）。<i>请注意，该公司实际上刚刚将 2021 财年收益指引上调至每股 5.28 美元</i>.</blockquote></p><p> That said, as supply chain worries decrease over time, we definitely think there could be some room for margin expansion in the future.</p><p><blockquote>也就是说，随着供应链担忧随着时间的推移而减少，我们肯定认为未来可能还有一些利润扩张的空间。</blockquote></p><p> If you put just a 12x-14x multiple on consensus forward earnings of $5.28 per share for FYE 2021, that would equate to a $63.00- $73.00 stock price (representing 25%-45% upside from current levels).</p><p><blockquote>如果您将 FYE 2021 每股 5.28 美元的共识预期收益仅放置 12 倍-14 倍，则相当于 63.00-73.00 美元的股价（比当前水平上涨 25%-45%）。</blockquote></p><p> Although it probably won't get there in a straight line...</p><p><blockquote>虽然它可能不会直线到达那里……</blockquote></p><p> <b>\"Triple Play\" Trade Analysis</b></p><p><blockquote><b>“三网融合”贸易分析</b></blockquote></p><p> A \"Triple Play\" trade involves simultaneously selling a cash-secured put and a covered call on a stock that you own.</p><p><blockquote>“三重交易”涉及同时出售您拥有的股票的现金担保看跌期权和备兑看涨期权。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7e3af23e0208929d569a6e62a12a9607\" tg-width=\"640\" tg-height=\"360\" referrerpolicy=\"no-referrer\"><span>Source: Option Income Advisor</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：期权收入顾问</span></p></blockquote></p><p> Note that if you don't currently own INTC stock, you will want to buy it before you write the covered call.</p><p><blockquote>请注意，如果您目前没有 INTC 股票，您需要在撰写备兑看涨期权之前购买它。</blockquote></p><p> This trade will allow you to take advantage of the upside potential in the stock while also protecting some of the near-term downside (if any).</p><p><blockquote>这种交易将允许您利用股票的上行潜力，同时也保护一些近期的下行（如果有的话）。</blockquote></p><p> <b>Step 1: Sell Cash-Secured Puts (50% of position size)</b></p><p><blockquote><b>第 1 步：出售现金担保看跌期权（头寸规模的 50%）</b></blockquote></p><p></p><p> The first step of the Triple Play trade is to sell a cash-secured put on the stock for 50% of your target position size. For example, if you wanted to own 400 shares of INTC... you would sell 2 cash-secured put contract, which represents 200 shares of stock.</p><p><blockquote>三重交易的第一步是以目标头寸规模的 50% 出售现金担保的股票看跌期权。例如，如果你想拥有400股INTC股票……您将出售 2 份现金担保看跌期权合约，代表 200 股股票。</blockquote></p><p> The three main data points we look at when analyzing a cash-secured put trade are:</p><p><blockquote>在分析现金担保看跌期权交易时，我们关注的三个主要数据点是：</blockquote></p><p> <ul>  <li>Premium Yield % (or Average Monthly Yield %): Measure of expected return on capital assuming that the option expires worthless (out-of-the-money).<i>Assumes that the option is fully cash secured.</i></li>  <li>Margin-of-Safety %: Measure of downside protection or the percentage that the underlying stock could decline and would still allow you to break even on the option trade.</li>  <li>Delta: A good proxy for the probability that the put option will finish in-the-money.</li> </ul> <i>Note that there's always a negative correlation between Premium Yield and Margin of Safety: The higher the Premium Yield for a given strike month, the lower the Margin of Safety.</i></p><p><blockquote><ul><li>权利金收益率%（或平均月收益率%）：假设期权到期时一文不值（价外），衡量预期资本回报率。<i>假设购股权完全以现金作抵押。</i></li><li>安全边际%：下行保护的衡量标准或标的股票可能下跌但仍允许您在期权交易中实现收支平衡的百分比。</li><li>Delta：看跌期权最终平价概率的一个很好的代表。</li></ul><i>请注意，保费收益率和安全边际之间总是存在负相关关系：给定行权月份的保费收益率越高，安全边际就越低。</i></blockquote></p><p> <i>Investors always should be honest with themselves about their risk tolerance. Selling CSPs can be adapted to suit your needs.</i></p><p><blockquote><i>投资者应该始终对自己的风险承受能力诚实。销售CSP可以根据您的需求进行调整。</i></blockquote></p><p> As discussed in the video, we like the $45.00-$50.00 range for INTC in the near term. So we like the following cash-secured put:</p><p><blockquote>正如视频中所讨论的，我们看好 INTC 短期内 45.00-50.00 美元的区间。因此，我们喜欢以下现金担保看跌期权：</blockquote></p><p> <i><b>INTC Nov 19th $47.50.00 Put (28 days until expiration)</b></i></p><p><blockquote><i><b>INTC 11 月 19 日 $47.50.00 看跌期权（距到期 28 天）</b></i></blockquote></p><p> <ul>  <li>Option Premium: ~$0.58 premium</li>  <li>Average Monthly Yield %: 1.3% (15.6% annualized)</li>  <li>Margin-of-Safety %: 4.2%</li>  <li>Delta: 28</li> </ul> <b>Step 2: Buy the Stock (50% of position size)</b></p><p><blockquote><ul><li>期权溢价：~0.58 美元溢价</li><li>平均月收益率%：1.3%（年化15.6%）</li><li>安全裕度%：4.2%</li><li>德尔塔：28</li></ul><b>第 2 步：购买股票（仓位规模的 50%）</b></blockquote></p><p> <i>Note: At the time of publication, INTC was trading at $49.60. If you already own the stock, you can skip to Step 3.</i></p><p><blockquote><i>注：在发布时，INTC的交易价格为49.60美元。如果您已经拥有该股票，您可以跳到第 3 步。</i></blockquote></p><p> The second step of the Triple Play is to buy the stock (50% of your target position size). For example, if you wanted to own 400 shares of INTC... you would buy 200 shares of stock.</p><p><blockquote>三重策略的第二步是购买股票（目标仓位规模的 50%）。例如，如果你想拥有400股INTC股票……你会买200股股票。</blockquote></p><p> <b>Step 3: Sell Covered Calls On Your Stock Position (*optional*)</b></p><p><blockquote><b>第 3 步：出售股票头寸上的备兑评级（*可选*）</b></blockquote></p><p> A covered call strategy will help generate some short-term income, maintain some upside exposure, and mitigate some downside risk.</p><p><blockquote>备兑看涨期权策略将有助于产生一些短期收入，维持一些上行风险，并减轻一些下行风险。</blockquote></p><p> With a covered call, you are agreeing to sell your stock at a higher price (your call option strike price) but you get to keep your call option premium either way.</p><p><blockquote>通过备兑看涨期权，您同意以更高的价格（您的看涨期权期权执行价格）出售您的股票，但无论哪种方式，您都可以保留您的看涨期权期权费。</blockquote></p><p> As discussed in the video, since we like the upside potential in the near term with INTC, you will want to give yourself some room for the stock to run.<b>So we would actually recommend waiting for the stock to trade a little higher before selling covered calls.</b></p><p><blockquote>正如视频中所讨论的，由于我们看好 INTC 短期内的上涨潜力，因此您需要给自己一些股票运行的空间。<b>因此，我们实际上建议等待股票交易稍微走高后再出售备兑评级。</b></blockquote></p><p> That said, if you wanted to execute the covered calls today, I would certainly consider taking less premium income to preserve more potential upside profit. For example, the $53.00 call would give you an extra 0.5% of income per month (6.0% annualized)...which would essentially triple your dividend yield on the stock!</p><p><blockquote>也就是说，如果您今天想执行承保评级，我肯定会考虑减少保费收入，以保留更多潜在的上行利润。例如，53.00美元的看涨期权会给你每月额外0.5%的收入（年化6.0%）...这基本上会让你的股票股息收益率增加两倍!</blockquote></p><p> <i><b>INTC Nov 19th $53.00 Call (28 days until expiration)</b></i></p><p><blockquote><i><b>INTC 11 月 19 日 $53.00 看涨期权（距到期 28 天）</b></i></blockquote></p><p> <ul>  <li>Option Premium: ~$0.25 premium</li>  <li>Average Monthly Yield %: 0.5% (6.0% annualized)</li>  <li>Upside Profit %: 7.4%</li>  <li>Delta: 15</li> </ul> <b>Conclusion</b></p><p><blockquote><ul><li>期权溢价：~0.25 美元溢价</li><li>平均月收益率%：0.5%（年化6.0%）</li><li>上行利润%：7.4%</li><li>德尔塔：15</li></ul><b>结论</b></blockquote></p><p> This Triple Play trade will allow you to take advantage of the upside potential in INTC stock while also giving you some downside cushion if shares trade lower in the near term. As the covered calls and cash-secured puts expire, you can rinse and repeat the Triple Play trade!</p><p><blockquote>这种三重交易将允许您利用 INTC 股票的上行潜力，同时如果股价在短期内走低，也可以为您提供一些下行缓冲。当备兑评级和现金担保看跌期权到期时，您可以清洗并重复三重交易!</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>Intel: Good Value Or Value Trap?<blockquote>英特尔：好价值还是价值陷阱？</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\">\nIntel: Good Value Or Value Trap?<blockquote>英特尔：好价值还是价值陷阱？</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\">2021-10-24 09:49</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>Intel had a mixed earnings report&nbsp;that sent some investors running for the hills.</li>  <li>The company beat earnings and actually raised guidance for 2021, but they signaled that supply chain issues remain and profitability in 2022 will be lower.</li>  <li>After the sell-off, is Intel a good value or a value trap?</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c02609041d90c055d66b217f06706d28\" tg-width=\"1536\" tg-height=\"1022\" referrerpolicy=\"no-referrer\"><span>4kodiak/iStock Unreleased via Getty Images</span></p><p><blockquote><ul><li>英特尔的财报喜忧参半，这让一些投资者望而却步。</li><li>该公司超出了盈利预期，实际上提高了 2021 年的指引，但他们表示供应链问题仍然存在，2022 年的盈利能力将较低。</li><li>抛售之后，英特尔是好价值还是价值陷阱？</li></ul><p class=\"t-img-caption\"><span>4kodiak/iStock 未通过 Getty Images 发布</span></p></blockquote></p><p> The waters have been pretty rough for Intel Corp. (INTC) investors over the past few years.</p><p><blockquote>过去几年，英特尔公司 (INTC) 投资者的处境相当艰难。</blockquote></p><p> It seems like every time the sun comes out...there is another storm right around the corner.</p><p><blockquote>好像每次太阳出来……...又一场暴风雨就在眼前。</blockquote></p><p> As highlighted on the earnings call last night, the next \"storm\" brewing for Intel is continued supply chain issues (component shortages in the PC business) and reduced near-term profitability from rising capital expenditure needs, which has sent the stock plummeting 11% this morning into the abyss.</p><p><blockquote>正如昨晚的财报看涨期权上所强调的那样，英特尔正在酝酿的下一个“风暴”是持续的供应链问题（个人电脑业务的零部件短缺）以及不断上升的资本支出需求导致近期盈利能力下降，这导致该股暴跌11%今天上午陷入深渊。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/5bd612f6f25b6e86d7a72b38440d513f\" tg-width=\"640\" tg-height=\"449\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> However, buying the dips has actually been pretty lucrative in the recent past...if, of course, you were lucky enough to fade the rallies.</p><p><blockquote>然而，在最近的过去，逢低买入实际上是相当有利可图的……当然，如果你足够幸运，赶上了涨势。</blockquote></p><p> To be fair, Intel has had its fair share of challenges this year, despite general tailwinds in the industry (i.e., chip demand far outpacing supply).</p><p><blockquote>公平地说，尽管行业普遍有利（即芯片需求远远超过供应），但英特尔今年仍然面临着相当大的挑战。</blockquote></p><p> Specifically, Intel has had some well-documented manufacturing blunders that have caused major delays and loss of some market share...mainly to Advanced Micro Devices (AMD).</p><p><blockquote>具体来说，英特尔出现了一些有据可查的制造失误，导致了重大延误和部分市场份额的损失……主要是先进微设备公司（AMD）。</blockquote></p><p> This has triggered concern amongst investors that the stock may be a potential \"value trap\" now.</p><p><blockquote>这引发了投资者的担忧，即该股现在可能是一个潜在的“价值陷阱”。</blockquote></p><p> All that said, Intel is dedicated to spending $25 billion to $28 billion in 2022 and just broke ground on some new fabs.</p><p><blockquote>尽管如此，英特尔致力于在 2022 年斥资 250 亿至 280 亿美元，并且刚刚在一些新晶圆厂上破土动工。</blockquote></p><p> Personally, I don't think we are anywhere near peak demand for chips and I believe that Intel's fabrication capabilities are (and will continue to be) a huge advantage for the company for years to come.</p><p><blockquote>就我个人而言，我认为我们还没有接近芯片需求的峰值，我相信英特尔的制造能力是（并将继续是）该公司未来几年的巨大优势。</blockquote></p><p> So how can we structure a trade to take advantage of the upside potential in the stock (after this pullback) while also protecting ourselves from more near-term downside (if any)?</p><p><blockquote>那么，我们如何组织交易来利用股票的上行潜力（在这次回调之后），同时保护自己免受更多近期下行（如果有的话）的影响呢？</blockquote></p><p> <b>It's a perfect situation for a \"Triple Play\" trade!</b></p><p><blockquote><b>这是“三网融合”交易的完美局面!</b></blockquote></p><p> Intel Corp.</p><p><blockquote>英特尔公司</blockquote></p><p> <b>Sector/Industry:</b>Technology/Semiconductors</p><p><blockquote><b>行业/行业：</b>技术/半导体</blockquote></p><p>   Intel is the world's largest chipmaker. It designs and manufactures microprocessors for the global personal computer and data center markets. Intel pioneered the x86 architecture for microprocessors. It was the prime proponent of Moore's Law for advances in semiconductor manufacturing, though the firm has recently faced manufacturing delays. While Intel's server processor business has benefited from the shift to the cloud, the firm has also been expanding into new adjacencies as the personal computer market has stagnated. These include areas such as the Internet of Things, artificial intelligence, and automotive. Intel has been active on the merger and acquisitions front, acquiring Altera, Mobileye, and Habana Labs in order to bolster these efforts in non-PC arenas.  <i>Source: YCharts</i></p><p><blockquote>英特尔是全球最大的芯片制造商。它为全球个人电脑和数据中心市场设计和制造微处理器。英特尔是微处理器x86架构的先驱。它是半导体制造进步摩尔定律的主要支持者，尽管该公司最近面临制造延误。虽然英特尔的服务器处理器业务受益于向云的转变，但随着个人电脑市场停滞不前，该公司也在向新的邻近地区扩张。其中包括物联网、人工智能和汽车等领域。英特尔一直活跃在并购领域，收购了Altera、Mobileye和Habana Labs，以支持非PC领域的这些努力。<i>资料来源：YCharts</i></blockquote></p><p> <b>Valuation/Upside Potential</b></p><p><blockquote><b>估值/上行潜力</b></blockquote></p><p> Intel looks extremely attractive from a valuation standpoint and is currently trading at a decent discount to all of its long-term valuation metrics (hence the high Value Ranking of 10).</p><p><blockquote>从估值的角度来看，英特尔看起来极具吸引力，目前其所有长期估值指标的交易价格都有相当大的折扣（因此价值排名为 10）。</blockquote></p><p> Specifically, Intel is trading at a nice discount to its historical P/E multiple on a forward basis (10.6x 2021 earnings).<i>Note that the company actually just increased its guidance for fiscal 2021 earnings to $5.28 per share</i>.</p><p><blockquote>具体来说，英特尔的远期交易价格较其历史市盈率有不错的折扣（2021 年收益的 10.6 倍）。<i>请注意，该公司实际上刚刚将 2021 财年收益指引上调至每股 5.28 美元</i>.</blockquote></p><p> That said, as supply chain worries decrease over time, we definitely think there could be some room for margin expansion in the future.</p><p><blockquote>也就是说，随着供应链担忧随着时间的推移而减少，我们肯定认为未来可能还有一些利润扩张的空间。</blockquote></p><p> If you put just a 12x-14x multiple on consensus forward earnings of $5.28 per share for FYE 2021, that would equate to a $63.00- $73.00 stock price (representing 25%-45% upside from current levels).</p><p><blockquote>如果您将 FYE 2021 每股 5.28 美元的共识预期收益仅放置 12 倍-14 倍，则相当于 63.00-73.00 美元的股价（比当前水平上涨 25%-45%）。</blockquote></p><p> Although it probably won't get there in a straight line...</p><p><blockquote>虽然它可能不会直线到达那里……</blockquote></p><p> <b>\"Triple Play\" Trade Analysis</b></p><p><blockquote><b>“三网融合”贸易分析</b></blockquote></p><p> A \"Triple Play\" trade involves simultaneously selling a cash-secured put and a covered call on a stock that you own.</p><p><blockquote>“三重交易”涉及同时出售您拥有的股票的现金担保看跌期权和备兑看涨期权。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7e3af23e0208929d569a6e62a12a9607\" tg-width=\"640\" tg-height=\"360\" referrerpolicy=\"no-referrer\"><span>Source: Option Income Advisor</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：期权收入顾问</span></p></blockquote></p><p> Note that if you don't currently own INTC stock, you will want to buy it before you write the covered call.</p><p><blockquote>请注意，如果您目前没有 INTC 股票，您需要在撰写备兑看涨期权之前购买它。</blockquote></p><p> This trade will allow you to take advantage of the upside potential in the stock while also protecting some of the near-term downside (if any).</p><p><blockquote>这种交易将允许您利用股票的上行潜力，同时也保护一些近期的下行（如果有的话）。</blockquote></p><p> <b>Step 1: Sell Cash-Secured Puts (50% of position size)</b></p><p><blockquote><b>第 1 步：出售现金担保看跌期权（头寸规模的 50%）</b></blockquote></p><p></p><p> The first step of the Triple Play trade is to sell a cash-secured put on the stock for 50% of your target position size. For example, if you wanted to own 400 shares of INTC... you would sell 2 cash-secured put contract, which represents 200 shares of stock.</p><p><blockquote>三重交易的第一步是以目标头寸规模的 50% 出售现金担保的股票看跌期权。例如，如果你想拥有400股INTC股票……您将出售 2 份现金担保看跌期权合约，代表 200 股股票。</blockquote></p><p> The three main data points we look at when analyzing a cash-secured put trade are:</p><p><blockquote>在分析现金担保看跌期权交易时，我们关注的三个主要数据点是：</blockquote></p><p> <ul>  <li>Premium Yield % (or Average Monthly Yield %): Measure of expected return on capital assuming that the option expires worthless (out-of-the-money).<i>Assumes that the option is fully cash secured.</i></li>  <li>Margin-of-Safety %: Measure of downside protection or the percentage that the underlying stock could decline and would still allow you to break even on the option trade.</li>  <li>Delta: A good proxy for the probability that the put option will finish in-the-money.</li> </ul> <i>Note that there's always a negative correlation between Premium Yield and Margin of Safety: The higher the Premium Yield for a given strike month, the lower the Margin of Safety.</i></p><p><blockquote><ul><li>权利金收益率%（或平均月收益率%）：假设期权到期时一文不值（价外），衡量预期资本回报率。<i>假设购股权完全以现金作抵押。</i></li><li>安全边际%：下行保护的衡量标准或标的股票可能下跌但仍允许您在期权交易中实现收支平衡的百分比。</li><li>Delta：看跌期权最终平价概率的一个很好的代表。</li></ul><i>请注意，保费收益率和安全边际之间总是存在负相关关系：给定行权月份的保费收益率越高，安全边际就越低。</i></blockquote></p><p> <i>Investors always should be honest with themselves about their risk tolerance. Selling CSPs can be adapted to suit your needs.</i></p><p><blockquote><i>投资者应该始终对自己的风险承受能力诚实。销售CSP可以根据您的需求进行调整。</i></blockquote></p><p> As discussed in the video, we like the $45.00-$50.00 range for INTC in the near term. So we like the following cash-secured put:</p><p><blockquote>正如视频中所讨论的，我们看好 INTC 短期内 45.00-50.00 美元的区间。因此，我们喜欢以下现金担保看跌期权：</blockquote></p><p> <i><b>INTC Nov 19th $47.50.00 Put (28 days until expiration)</b></i></p><p><blockquote><i><b>INTC 11 月 19 日 $47.50.00 看跌期权（距到期 28 天）</b></i></blockquote></p><p> <ul>  <li>Option Premium: ~$0.58 premium</li>  <li>Average Monthly Yield %: 1.3% (15.6% annualized)</li>  <li>Margin-of-Safety %: 4.2%</li>  <li>Delta: 28</li> </ul> <b>Step 2: Buy the Stock (50% of position size)</b></p><p><blockquote><ul><li>期权溢价：~0.58 美元溢价</li><li>平均月收益率%：1.3%（年化15.6%）</li><li>安全裕度%：4.2%</li><li>德尔塔：28</li></ul><b>第 2 步：购买股票（仓位规模的 50%）</b></blockquote></p><p> <i>Note: At the time of publication, INTC was trading at $49.60. If you already own the stock, you can skip to Step 3.</i></p><p><blockquote><i>注：在发布时，INTC的交易价格为49.60美元。如果您已经拥有该股票，您可以跳到第 3 步。</i></blockquote></p><p> The second step of the Triple Play is to buy the stock (50% of your target position size). For example, if you wanted to own 400 shares of INTC... you would buy 200 shares of stock.</p><p><blockquote>三重策略的第二步是购买股票（目标仓位规模的 50%）。例如，如果你想拥有400股INTC股票……你会买200股股票。</blockquote></p><p> <b>Step 3: Sell Covered Calls On Your Stock Position (*optional*)</b></p><p><blockquote><b>第 3 步：出售股票头寸上的备兑评级（*可选*）</b></blockquote></p><p> A covered call strategy will help generate some short-term income, maintain some upside exposure, and mitigate some downside risk.</p><p><blockquote>备兑看涨期权策略将有助于产生一些短期收入，维持一些上行风险，并减轻一些下行风险。</blockquote></p><p> With a covered call, you are agreeing to sell your stock at a higher price (your call option strike price) but you get to keep your call option premium either way.</p><p><blockquote>通过备兑看涨期权，您同意以更高的价格（您的看涨期权期权执行价格）出售您的股票，但无论哪种方式，您都可以保留您的看涨期权期权费。</blockquote></p><p> As discussed in the video, since we like the upside potential in the near term with INTC, you will want to give yourself some room for the stock to run.<b>So we would actually recommend waiting for the stock to trade a little higher before selling covered calls.</b></p><p><blockquote>正如视频中所讨论的，由于我们看好 INTC 短期内的上涨潜力，因此您需要给自己一些股票运行的空间。<b>因此，我们实际上建议等待股票交易稍微走高后再出售备兑评级。</b></blockquote></p><p> That said, if you wanted to execute the covered calls today, I would certainly consider taking less premium income to preserve more potential upside profit. For example, the $53.00 call would give you an extra 0.5% of income per month (6.0% annualized)...which would essentially triple your dividend yield on the stock!</p><p><blockquote>也就是说，如果您今天想执行承保评级，我肯定会考虑减少保费收入，以保留更多潜在的上行利润。例如，53.00美元的看涨期权会给你每月额外0.5%的收入（年化6.0%）...这基本上会让你的股票股息收益率增加两倍!</blockquote></p><p> <i><b>INTC Nov 19th $53.00 Call (28 days until expiration)</b></i></p><p><blockquote><i><b>INTC 11 月 19 日 $53.00 看涨期权（距到期 28 天）</b></i></blockquote></p><p> <ul>  <li>Option Premium: ~$0.25 premium</li>  <li>Average Monthly Yield %: 0.5% (6.0% annualized)</li>  <li>Upside Profit %: 7.4%</li>  <li>Delta: 15</li> </ul> <b>Conclusion</b></p><p><blockquote><ul><li>期权溢价：~0.25 美元溢价</li><li>平均月收益率%：0.5%（年化6.0%）</li><li>上行利润%：7.4%</li><li>德尔塔：15</li></ul><b>结论</b></blockquote></p><p> This Triple Play trade will allow you to take advantage of the upside potential in INTC stock while also giving you some downside cushion if shares trade lower in the near term. As the covered calls and cash-secured puts expire, you can rinse and repeat the Triple Play trade!</p><p><blockquote>这种三重交易将允许您利用 INTC 股票的上行潜力，同时如果股价在短期内走低，也可以为您提供一些下行缓冲。当备兑评级和现金担保看跌期权到期时，您可以清洗并重复三重交易!</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4461530-intel-intc-stock-good-value-or-value-trap\">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":{"INTC":"英特尔"},"source_url":"https://seekingalpha.com/article/4461530-intel-intc-stock-good-value-or-value-trap","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1100055241","content_text":"Summary\n\nIntel had a mixed earnings report that sent some investors running for the hills.\nThe company beat earnings and actually raised guidance for 2021, but they signaled that supply chain issues remain and profitability in 2022 will be lower.\nAfter the sell-off, is Intel a good value or a value trap?\n\n4kodiak/iStock Unreleased via Getty Images\nThe waters have been pretty rough for Intel Corp. (INTC) investors over the past few years.\nIt seems like every time the sun comes out...there is another storm right around the corner.\nAs highlighted on the earnings call last night, the next \"storm\" brewing for Intel is continued supply chain issues (component shortages in the PC business) and reduced near-term profitability from rising capital expenditure needs, which has sent the stock plummeting 11% this morning into the abyss.\n\nHowever, buying the dips has actually been pretty lucrative in the recent past...if, of course, you were lucky enough to fade the rallies.\nTo be fair, Intel has had its fair share of challenges this year, despite general tailwinds in the industry (i.e., chip demand far outpacing supply).\nSpecifically, Intel has had some well-documented manufacturing blunders that have caused major delays and loss of some market share...mainly to Advanced Micro Devices (AMD).\nThis has triggered concern amongst investors that the stock may be a potential \"value trap\" now.\nAll that said, Intel is dedicated to spending $25 billion to $28 billion in 2022 and just broke ground on some new fabs.\nPersonally, I don't think we are anywhere near peak demand for chips and I believe that Intel's fabrication capabilities are (and will continue to be) a huge advantage for the company for years to come.\nSo how can we structure a trade to take advantage of the upside potential in the stock (after this pullback) while also protecting ourselves from more near-term downside (if any)?\nIt's a perfect situation for a \"Triple Play\" trade!\nIntel Corp.\nSector/Industry:Technology/Semiconductors\n\n Intel is the world's largest chipmaker. It designs and manufactures microprocessors for the global personal computer and data center markets. Intel pioneered the x86 architecture for microprocessors. It was the prime proponent of Moore's Law for advances in semiconductor manufacturing, though the firm has recently faced manufacturing delays. While Intel's server processor business has benefited from the shift to the cloud, the firm has also been expanding into new adjacencies as the personal computer market has stagnated. These include areas such as the Internet of Things, artificial intelligence, and automotive. Intel has been active on the merger and acquisitions front, acquiring Altera, Mobileye, and Habana Labs in order to bolster these efforts in non-PC arenas.\n\nSource: YCharts\nValuation/Upside Potential\nIntel looks extremely attractive from a valuation standpoint and is currently trading at a decent discount to all of its long-term valuation metrics (hence the high Value Ranking of 10).\nSpecifically, Intel is trading at a nice discount to its historical P/E multiple on a forward basis (10.6x 2021 earnings).Note that the company actually just increased its guidance for fiscal 2021 earnings to $5.28 per share.\nThat said, as supply chain worries decrease over time, we definitely think there could be some room for margin expansion in the future.\nIf you put just a 12x-14x multiple on consensus forward earnings of $5.28 per share for FYE 2021, that would equate to a $63.00- $73.00 stock price (representing 25%-45% upside from current levels).\nAlthough it probably won't get there in a straight line...\n\"Triple Play\" Trade Analysis\nA \"Triple Play\" trade involves simultaneously selling a cash-secured put and a covered call on a stock that you own.\nSource: Option Income Advisor\nNote that if you don't currently own INTC stock, you will want to buy it before you write the covered call.\nThis trade will allow you to take advantage of the upside potential in the stock while also protecting some of the near-term downside (if any).\nStep 1: Sell Cash-Secured Puts (50% of position size)\nThe first step of the Triple Play trade is to sell a cash-secured put on the stock for 50% of your target position size. For example, if you wanted to own 400 shares of INTC... you would sell 2 cash-secured put contract, which represents 200 shares of stock.\nThe three main data points we look at when analyzing a cash-secured put trade are:\n\nPremium Yield % (or Average Monthly Yield %): Measure of expected return on capital assuming that the option expires worthless (out-of-the-money).Assumes that the option is fully cash secured.\nMargin-of-Safety %: Measure of downside protection or the percentage that the underlying stock could decline and would still allow you to break even on the option trade.\nDelta: A good proxy for the probability that the put option will finish in-the-money.\n\nNote that there's always a negative correlation between Premium Yield and Margin of Safety: The higher the Premium Yield for a given strike month, the lower the Margin of Safety.\nInvestors always should be honest with themselves about their risk tolerance. Selling CSPs can be adapted to suit your needs.\nAs discussed in the video, we like the $45.00-$50.00 range for INTC in the near term. So we like the following cash-secured put:\nINTC Nov 19th $47.50.00 Put (28 days until expiration)\n\nOption Premium: ~$0.58 premium\nAverage Monthly Yield %: 1.3% (15.6% annualized)\nMargin-of-Safety %: 4.2%\nDelta: 28\n\nStep 2: Buy the Stock (50% of position size)\nNote: At the time of publication, INTC was trading at $49.60. If you already own the stock, you can skip to Step 3.\nThe second step of the Triple Play is to buy the stock (50% of your target position size). For example, if you wanted to own 400 shares of INTC... you would buy 200 shares of stock.\nStep 3: Sell Covered Calls On Your Stock Position (*optional*)\nA covered call strategy will help generate some short-term income, maintain some upside exposure, and mitigate some downside risk.\nWith a covered call, you are agreeing to sell your stock at a higher price (your call option strike price) but you get to keep your call option premium either way.\nAs discussed in the video, since we like the upside potential in the near term with INTC, you will want to give yourself some room for the stock to run.So we would actually recommend waiting for the stock to trade a little higher before selling covered calls.\nThat said, if you wanted to execute the covered calls today, I would certainly consider taking less premium income to preserve more potential upside profit. For example, the $53.00 call would give you an extra 0.5% of income per month (6.0% annualized)...which would essentially triple your dividend yield on the stock!\nINTC Nov 19th $53.00 Call (28 days until expiration)\n\nOption Premium: ~$0.25 premium\nAverage Monthly Yield %: 0.5% (6.0% annualized)\nUpside Profit %: 7.4%\nDelta: 15\n\nConclusion\nThis Triple Play trade will allow you to take advantage of the upside potential in INTC stock while also giving you some downside cushion if shares trade lower in the near term. As the covered calls and cash-secured puts expire, you can rinse and repeat the Triple Play trade!","news_type":1,"symbols_score_info":{"INTC":0.9}},"isVote":1,"tweetType":1,"viewCount":1035,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":851908060,"gmtCreate":1634862170691,"gmtModify":1634862170969,"author":{"id":"3583641915640836","authorId":"3583641915640836","name":"4872be6","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583641915640836","authorIdStr":"3583641915640836"},"themes":[],"title":"","htmlText":"Comment&nbsp;","listText":"Comment&nbsp;","text":"Comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/851908060","repostId":"1158056981","repostType":4,"isVote":1,"tweetType":1,"viewCount":1075,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":853835780,"gmtCreate":1634787053817,"gmtModify":1634787129968,"author":{"id":"3583641915640836","authorId":"3583641915640836","name":"4872be6","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583641915640836","authorIdStr":"3583641915640836"},"themes":[],"title":"","htmlText":"Post","listText":"Post","text":"Post","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/853835780","repostId":"2177314294","repostType":4,"isVote":1,"tweetType":1,"viewCount":1077,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":859251237,"gmtCreate":1634702893792,"gmtModify":1634703135276,"author":{"id":"3583641915640836","authorId":"3583641915640836","name":"4872be6","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583641915640836","authorIdStr":"3583641915640836"},"themes":[],"title":"","htmlText":"Comment&nbsp;","listText":"Comment&nbsp;","text":"Comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/859251237","repostId":"1154729060","repostType":4,"repost":{"id":"1154729060","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1634700852,"share":"https://www.laohunote.com/m/news/1154729060?lang=zh_CN&edition=full","pubTime":"2021-10-20 11:34","market":"us","language":"en","title":"Hong Kong shares are soaring in Wednesday's trading<blockquote>香港股市在周三的交易中飙升</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1154729060","media":"Tiger Newspress","summary":"Hong Kong shares are soaring in Wednesday's trading.The Hang Seng Index rises 1.5% while The Hang Se","content":"<p>Hong Kong shares are soaring in Wednesday's trading.The&nbsp;Hang&nbsp;Seng&nbsp;Index&nbsp;rises&nbsp;1.5%&nbsp;while The Hang Seng Technology Index jumps 3%.</p><p><blockquote>香港股市周三交易中飙升。恒生指数上涨1.5%，恒生科技指数上涨3%。</blockquote></p><p> Tencent,Alibaba,Meituan,JD.com,Xiaomi,Bilibili,Netease,Kuaishou&nbsp;climb between&nbsp;2% and 9%.</p><p><blockquote>腾讯、阿里巴巴、美团、京东、小米、哔哩哔哩、网易、快手涨幅在2%至9%之间。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/50fb6256ddbebea08837e1e9a9619c97\" tg-width=\"407\" tg-height=\"541\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hong Kong shares are soaring in Wednesday's trading<blockquote>香港股市在周三的交易中飙升</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHong Kong shares are soaring in Wednesday's trading<blockquote>香港股市在周三的交易中飙升</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-10-20 11:34</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Hong Kong shares are soaring in Wednesday's trading.The&nbsp;Hang&nbsp;Seng&nbsp;Index&nbsp;rises&nbsp;1.5%&nbsp;while The Hang Seng Technology Index jumps 3%.</p><p><blockquote>香港股市周三交易中飙升。恒生指数上涨1.5%，恒生科技指数上涨3%。</blockquote></p><p> Tencent,Alibaba,Meituan,JD.com,Xiaomi,Bilibili,Netease,Kuaishou&nbsp;climb between&nbsp;2% and 9%.</p><p><blockquote>腾讯、阿里巴巴、美团、京东、小米、哔哩哔哩、网易、快手涨幅在2%至9%之间。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/50fb6256ddbebea08837e1e9a9619c97\" tg-width=\"407\" tg-height=\"541\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HSTECH":"恒生科技指数","HSI":"恒生指数"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1154729060","content_text":"Hong Kong shares are soaring in Wednesday's trading.The Hang Seng Index rises 1.5% while The Hang Seng Technology Index jumps 3%.\nTencent,Alibaba,Meituan,JD.com,Xiaomi,Bilibili,Netease,Kuaishou climb between 2% and 9%.","news_type":1,"symbols_score_info":{"HSI":0.9,"HSTECH":0.9}},"isVote":1,"tweetType":1,"viewCount":1277,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":850450596,"gmtCreate":1634619347026,"gmtModify":1634619481513,"author":{"id":"3583641915640836","authorId":"3583641915640836","name":"4872be6","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583641915640836","authorIdStr":"3583641915640836"},"themes":[],"title":"","htmlText":"Post&nbsp;","listText":"Post&nbsp;","text":"Post","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/850450596","repostId":"1175938781","repostType":4,"repost":{"id":"1175938781","kind":"news","pubTimestamp":1634614329,"share":"https://www.laohunote.com/m/news/1175938781?lang=zh_CN&edition=full","pubTime":"2021-10-19 11:32","market":"us","language":"en","title":"Virgin Galactic Is Downgraded to Sell. It Can’t Make Money if It Can’t Launch Its Spaceships.<blockquote>维珍银河评级下调至卖出。如果它不能发射宇宙飞船，它就赚不到钱。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1175938781","media":"Barrons","summary":"Space tourism is a brand-new industry, so growing pains might be expected, but the latest setback at","content":"<p> Space tourism is a brand-new industry, so growing pains might be expected, but the latest setback at&nbsp;Virgin Galactic&nbsp;is causing trouble for investors.</p><p><blockquote>太空旅游是一个全新的行业，因此成长的烦恼可能是意料之中的，但维珍银河最近的挫折给投资者带来了麻烦。</blockquote></p><p> Monday, UBS analyst Myles Walton downgraded Virgin Galactic (ticker: SPCE) to Sell from Hold, lowering his target for the stock price to $15 from $26. Flight delays are the big problem.</p><p><blockquote>周一，瑞银分析师迈尔斯·沃尔顿将维珍银河（股票代码：SPCE）的评级从持有下调至卖出，将其股价目标从 26 美元下调至 15 美元。航班延误是个大问题。</blockquote></p><p> On Friday, Galactic said it was halting flight tests for about nine months while the company entered a period of “vehicle enhancement and modification”—design changes to improve its spaceships. The news was a disappointment for investors who had expected commercial, revenue-generating, operations to start early in 2022.</p><p><blockquote>周五，银河公司表示将暂停飞行测试约九个月，同时该公司将进入 “飞行器增强和改装 ”时期--为改进其航天器而进行的设计变更。这一消息令原本预计商业创收业务将于 2022 年初开始的投资者感到失望。</blockquote></p><p> Galactic stock dropped almost 17% on Friday, falling to $20.01 a share. Shares fell another 1.5% on Monday, after the downgrade. </p><p><blockquote>Galactic 股价周五下跌近 17%，跌至每股 20.01 美元。评级下调后，周一股价又下跌 1.5%。</blockquote></p><p> Galactic has hit a rough patch after a strong run. Shares rose almost 94% in the month before the Galactic flight that took Sir Richard Branson into space–the first space tourism flight ever completed–on June 12. Shares continued to rise in the following weeks, hitting $57.51 on June 28, but they are down about 64% since then.</p><p><blockquote>银河在强劲运行后遇到了一段艰难时期。在 6 月 12 日理查德·布兰森爵士进行银河飞行（有史以来首次完成的太空旅游飞行）之前的一个月里，该公司股价上涨了近 94%。在接下来的几周里，股价继续上涨，6 月 28 日触及 57.51 美元，但此后已下跌约 64%。</blockquote></p><p> The next point to watch is the company’s third-quarter earnings conference call, slated for early November. Investors will want some answers about the spaceship redesign, as well as ticket sales. Strong sales could be good news for the stock, but Walton doesn’t believe that would be enough to lift the shares out of their recent funk.</p><p><blockquote>接下来值得关注的是该公司定于 11 月初发布的第三季度财报电话会议。投资者想要一些关于飞船重新设计以及门票销售的答案。强劲的销售对该股来说可能是个好消息，但沃尔顿认为这不足以让该股摆脱近期的恐慌。</blockquote></p><p> With the downgrade, three of 11 analysts tracking Galactic, or 27%, rate shares at Sell. The average Sell-rating ratio for stocks in the S&amp;P 500 is below 10%. The average analyst price target is about $31 a share, implying gains of about 50% from recent levels, but that $31 is down from a July peak of about $39.</p><p><blockquote>随着评级下调，追踪 Galactic 的 11 名分析师中有 3 名（即 27%）将其股票评级评为卖出。标普500股票的平均卖出评级比率低于10%。分析师的平均目标价约为每股 31 美元，这意味着较近期水平上涨约 50%，但 31 美元低于 7 月份约 39 美元的峰值。</blockquote></p><p> Four analysts, or 36%, rate the stock at Buy, while the remaining four have it at Hold.</p><p><blockquote>四名分析师（占 36%）将该股评级为买入，其余四名分析师则持有该股。</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>Virgin Galactic Is Downgraded to Sell. It Can’t Make Money if It Can’t Launch Its Spaceships.<blockquote>维珍银河评级下调至卖出。如果它不能发射宇宙飞船，它就赚不到钱。</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\">\nVirgin Galactic Is Downgraded to Sell. It Can’t Make Money if It Can’t Launch Its Spaceships.<blockquote>维珍银河评级下调至卖出。如果它不能发射宇宙飞船，它就赚不到钱。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-10-19 11:32</span>\n</p>\n</h4>\n</header>\n<article>\n<p> Space tourism is a brand-new industry, so growing pains might be expected, but the latest setback at&nbsp;Virgin Galactic&nbsp;is causing trouble for investors.</p><p><blockquote>太空旅游是一个全新的行业，因此成长的烦恼可能是意料之中的，但维珍银河最近的挫折给投资者带来了麻烦。</blockquote></p><p> Monday, UBS analyst Myles Walton downgraded Virgin Galactic (ticker: SPCE) to Sell from Hold, lowering his target for the stock price to $15 from $26. Flight delays are the big problem.</p><p><blockquote>周一，瑞银分析师迈尔斯·沃尔顿将维珍银河（股票代码：SPCE）的评级从持有下调至卖出，将其股价目标从 26 美元下调至 15 美元。航班延误是个大问题。</blockquote></p><p> On Friday, Galactic said it was halting flight tests for about nine months while the company entered a period of “vehicle enhancement and modification”—design changes to improve its spaceships. The news was a disappointment for investors who had expected commercial, revenue-generating, operations to start early in 2022.</p><p><blockquote>周五，银河公司表示将暂停飞行测试约九个月，同时该公司将进入 “飞行器增强和改装 ”时期--为改进其航天器而进行的设计变更。这一消息令原本预计商业创收业务将于 2022 年初开始的投资者感到失望。</blockquote></p><p> Galactic stock dropped almost 17% on Friday, falling to $20.01 a share. Shares fell another 1.5% on Monday, after the downgrade. </p><p><blockquote>Galactic 股价周五下跌近 17%，跌至每股 20.01 美元。评级下调后，周一股价又下跌 1.5%。</blockquote></p><p> Galactic has hit a rough patch after a strong run. Shares rose almost 94% in the month before the Galactic flight that took Sir Richard Branson into space–the first space tourism flight ever completed–on June 12. Shares continued to rise in the following weeks, hitting $57.51 on June 28, but they are down about 64% since then.</p><p><blockquote>银河在强劲运行后遇到了一段艰难时期。在 6 月 12 日理查德·布兰森爵士进行银河飞行（有史以来首次完成的太空旅游飞行）之前的一个月里，该公司股价上涨了近 94%。在接下来的几周里，股价继续上涨，6 月 28 日触及 57.51 美元，但此后已下跌约 64%。</blockquote></p><p> The next point to watch is the company’s third-quarter earnings conference call, slated for early November. Investors will want some answers about the spaceship redesign, as well as ticket sales. Strong sales could be good news for the stock, but Walton doesn’t believe that would be enough to lift the shares out of their recent funk.</p><p><blockquote>接下来值得关注的是该公司定于 11 月初发布的第三季度财报电话会议。投资者想要一些关于飞船重新设计以及门票销售的答案。强劲的销售对该股来说可能是个好消息，但沃尔顿认为这不足以让该股摆脱近期的恐慌。</blockquote></p><p> With the downgrade, three of 11 analysts tracking Galactic, or 27%, rate shares at Sell. The average Sell-rating ratio for stocks in the S&amp;P 500 is below 10%. The average analyst price target is about $31 a share, implying gains of about 50% from recent levels, but that $31 is down from a July peak of about $39.</p><p><blockquote>随着评级下调，追踪 Galactic 的 11 名分析师中有 3 名（即 27%）将其股票评级评为卖出。标普500股票的平均卖出评级比率低于10%。分析师的平均目标价约为每股 31 美元，这意味着较近期水平上涨约 50%，但 31 美元低于 7 月份约 39 美元的峰值。</blockquote></p><p> Four analysts, or 36%, rate the stock at Buy, while the remaining four have it at Hold.</p><p><blockquote>四名分析师（占 36%）将该股评级为买入，其余四名分析师则持有该股。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/virgin-galactic-stock-downgraded-delay-51634562346?mod=hp_DAY_8\">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":{"SPCE":"维珍银河"},"source_url":"https://www.barrons.com/articles/virgin-galactic-stock-downgraded-delay-51634562346?mod=hp_DAY_8","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1175938781","content_text":"Space tourism is a brand-new industry, so growing pains might be expected, but the latest setback at Virgin Galactic is causing trouble for investors.\nMonday, UBS analyst Myles Walton downgraded Virgin Galactic (ticker: SPCE) to Sell from Hold, lowering his target for the stock price to $15 from $26. Flight delays are the big problem.\nOn Friday, Galactic said it was halting flight tests for about nine months while the company entered a period of “vehicle enhancement and modification”—design changes to improve its spaceships. The news was a disappointment for investors who had expected commercial, revenue-generating, operations to start early in 2022.\nGalactic stock dropped almost 17% on Friday, falling to $20.01 a share. Shares fell another 1.5% on Monday, after the downgrade. \nGalactic has hit a rough patch after a strong run. Shares rose almost 94% in the month before the Galactic flight that took Sir Richard Branson into space–the first space tourism flight ever completed–on June 12. Shares continued to rise in the following weeks, hitting $57.51 on June 28, but they are down about 64% since then.\nThe next point to watch is the company’s third-quarter earnings conference call, slated for early November. Investors will want some answers about the spaceship redesign, as well as ticket sales. Strong sales could be good news for the stock, but Walton doesn’t believe that would be enough to lift the shares out of their recent funk.\nWith the downgrade, three of 11 analysts tracking Galactic, or 27%, rate shares at Sell. The average Sell-rating ratio for stocks in the S&P 500 is below 10%. The average analyst price target is about $31 a share, implying gains of about 50% from recent levels, but that $31 is down from a July peak of about $39.\nFour analysts, or 36%, rate the stock at Buy, while the remaining four have it at Hold.","news_type":1,"symbols_score_info":{"SPCE":0.9}},"isVote":1,"tweetType":1,"viewCount":883,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":827775636,"gmtCreate":1634529309215,"gmtModify":1634529309487,"author":{"id":"3583641915640836","authorId":"3583641915640836","name":"4872be6","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583641915640836","authorIdStr":"3583641915640836"},"themes":[],"title":"","htmlText":"Comment&nbsp;","listText":"Comment&nbsp;","text":"Comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/827775636","repostId":"1100450732","repostType":4,"repost":{"id":"1100450732","kind":"news","pubTimestamp":1634527185,"share":"https://www.laohunote.com/m/news/1100450732?lang=zh_CN&edition=full","pubTime":"2021-10-18 11:19","market":"us","language":"en","title":"Peloton: A Battleground Stock Nearing A Crucial Moment<blockquote>Peloton：临近关键时刻的战场股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1100450732","media":"Seeking Alpha","summary":"Summary\n\nPTON surprised with poor guidance for FQ1 while keeping full year guidance high, reflecting","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>PTON surprised with poor guidance for FQ1 while keeping full year guidance high, reflecting what would be a string of very high growth quarters.</li>  <li>Multiple outlets for growth exist - a unique deal with UNH could boost interest levels, and international and commercial could offer compelling growth.</li>  <li>Just as many headwinds remain, with the company facing increased logistics expenses, weakened margins, large cash outflows, and more.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4ff90f9d488e3dc0a05a65ac162a9726\" tg-width=\"1536\" tg-height=\"1024\" referrerpolicy=\"no-referrer\"><span>Michael Loccisano/Getty Images News</span></p><p><blockquote><ul><li>PTON 对第一季度的糟糕指引感到惊讶，同时保持全年指引较高，反映出一系列非常高的增长季度。</li><li>存在多种增长渠道 - 与 UNH 的独特交易可以提高兴趣水平，国际和商业可以提供令人信服的增长。</li><li>正如许多不利因素仍然存在一样，该公司面临着物流成本增加、利润率下降、大量现金流出等。</li></ul><p class=\"t-img-caption\"><span>迈克尔·洛奇萨诺/盖蒂图片社新闻</span></p></blockquote></p><p> Peloton's(NASDAQ:PTON)fiscal 2022 is shaping up to be a crucial year, with the stock deep in battleground territory. The company surprised with a wider than expected loss last quarter while simultaneously dropping its FQ1 guidance by 20% to $800 million and marking full-year revenues at $5.4 billion, reflecting what the connected fitness manufacturer is expecting to be a strong end to the year, offsetting revenue weakness early on from lowered Bike pricing. The company has faced its share of challenges of the course of the past year, but is still looking ahead towards more growth in revenues and subscribers, although increased losses and other headwinds are on watch.</p><p><blockquote>Peloton（纳斯达克股票代码：PTON）2022 财年将成为至关重要的一年，该股深陷战场领域。该公司上季度的亏损幅度超出预期，同时将第一季度指引下调 20%，至 8 亿美元，全年收入为 54 亿美元，反映出这家互联健身制造商预计今年年底将表现强劲，抵消了自行车价格下降导致的早期收入疲软。该公司在过去一年中面临着挑战，但尽管亏损增加和其他不利因素迫在眉睫，但仍期待收入和用户的进一步增长。</blockquote></p><p> <b>Moving Along With Growth</b></p><p><blockquote><b>与增长同行</b></blockquote></p><p> One of Peloton's biggest challenges through the pandemic has been meeting demand, with the company seeing significant backlogs and delays - this had served as a headwind to growth, with supply chain inefficiencies limiting shipments and order-to-delivery times and ultimately revenues. The company noted that it has restored order-to-delivery times to pre-pandemic levels, with large investments in its supply chain paying off on that front. Peloton is moving forward with plans for its&nbsp;first US factory, with the investment allowing the company to \"diversify [its] manufacturing footprint, provide additional capacity to support [its] growth, drive production efficiencies through automation and scale, and accelerate [its] speed-to-market.\" Production is expected to begin in 2023.</p><p><blockquote>Peloton 在疫情期间面临的最大挑战之一是满足需求，该公司面临大量积压和延误——这一直是增长的阻力，供应链效率低下限制了发货量、订单到交货时间以及最终收入。该公司指出，它已将订单到交货时间恢复到大流行前的水平，对供应链的大量投资在这方面得到了回报。Peloton 正在推进其第一家美国工厂的计划，这项投资使该公司能够“实现制造足迹的多元化，提供额外的产能来支持其增长，通过自动化和规模化提高生产效率，并加快其上市速度。”预计将于2023年开始生产。</blockquote></p><p> Boosting manufacturing capacity can help drive hardware unit sales, demand contingent, which in turn can boost subscriber numbers, where Peloton is seeing strong growth. Connected fitness subscribers rose 114% y/y, with guidance pointing to ~86% y/y growth for FQ1, and digital subscribers rose 176% y/y to 874K, with rising free-trial volumes and improving conversion rates. What's key for Peloton is keeping high growth rates in subscribers and high engagement, two important metrics for sustainability of a subscription-plus-hardware model.</p><p><blockquote>提高制造能力有助于推动硬件单位销售和需求或有，这反过来又可以增加用户数量，Peloton 在这方面实现了强劲增长。联网健身订户同比增长 114%，指导显示第一季度同比增长约 86%，数字订户同比增长 176%，达到 87.4 万，免费试用量增加，转化率提高。Peloton 的关键是保持用户的高增长率和高参与度，这是订阅加硬件模式可持续性的两个重要指标。</blockquote></p><p> Peloton recently made an interesting move that could boost members and help engagement trends. The company announced a&nbsp;tie up with UnitedHealth&nbsp;(UNH), offering members a free Peloton digital subscription ($155 value), and for members who already have a Peloton and/or digital subscription, that value can be applied as a credit.</p><p><blockquote>Peloton最近采取了一个有趣的举措，可以增加会员并帮助参与趋势。该公司宣布与UnitedHealth(UNH)合作，为会员提供免费的Peloton数字订阅（价值155美元），对于已经拥有Peloton和/或数字订阅的会员，该价值可以作为积分使用。</blockquote></p><p> It's enhancing the value proposition for both companies - insurance members get an added perk that they do or do not have to use, while Peloton gets exposure to millions of new potential customers that it could possibly upsell to. While these customers aren't paying directly for the service, rather receiving it through an insurance plan, it provides a massive base to which Peloton could acquire customers at little to no cost.</p><p><blockquote>这增强了两家公司的价值主张——保险会员可以获得他们必须或不必使用的额外福利，而 Peloton 则可以接触到数百万新的潜在客户，并可能向其追加销售。虽然这些客户不是直接为服务付费，而是通过保险计划获得服务，但它提供了一个庞大的基础，Peloton 可以以很少甚至没有成本获得客户。</blockquote></p><p> The benefits to Peloton could be quite large if it leads to ~1% of UNH's ~50 million covered members becoming interested in the company's products, or ~0.05% actually buying a Peloton product - that could be around $50 million in revenues at the 0.05% figure. While it's purely an estimate, the lack of expenses to tap into such a large customer base and activate new digital subscribers provides a large opportunity.</p><p><blockquote>如果 UNH 约 5000 万承保会员中约 1% 对该公司的产品感兴趣，或者约 0.05% 实际购买 Peloton 产品，那么 Peloton 的好处可能会相当大 - 按 0.05% 的数字计算，收入可能约为 5000 万美元。虽然这纯粹是一个估计，但缺乏开支来挖掘如此庞大的客户群并激活新的数字订户提供了一个巨大的机会。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/607c2c7fa4c793a6846a949c536c4211\" tg-width=\"640\" tg-height=\"386\" referrerpolicy=\"no-referrer\"><span>Graphic from Peloton</span></p><p><blockquote><p class=\"t-img-caption\"><span>Peloton 的图片</span></p></blockquote></p><p> Some of Peloton's key metrics shown above reflect the trends in engagement and growth - revenues dipped q/q for the first time, alongside a dip in workouts, while subscriber number and revenue growth continued. Peloton pointed the finger at seasonal trends, improving weather and consumer mobility - the bigger question raised here is that demand is simply weakening that home fitness is a fad - the biggest questions surrounding the bear case.</p><p><blockquote>上面显示的Peloton的一些关键指标反映了参与度和增长的趋势——收入首次环比下降，同时锻炼量也有所下降，而用户数量和收入继续增长。Peloton将矛头指向了季节性趋势、天气改善和消费者流动性——这里提出的更大问题是，需求只是在削弱家庭健身是一种时尚——这是围绕熊案的最大问题。</blockquote></p><p></p><p> While quarterly and average workouts dipped, engagement trends are still solid, with workout diversification improving. Cycling workouts remain the majority, just under 60%, but new categories are growing quickly, with Peloton noting that \"Connected Fitness Strength workouts grew 256% year-on-year and now represent 18% of the total mix, up from 13% in fiscal 2020.\" Gains in strength, floor and yoga reinforce the proposition that Peloton provides unique value to its users and keeps them engaged across multiple different workout disciplines.</p><p><blockquote>虽然季度和平均锻炼有所下降，但参与度趋势仍然稳固，锻炼多样化有所改善。骑自行车锻炼仍然占大多数，略低于 60%，但新类别正在快速增长，Peloton 指出，“互联健身力量锻炼同比增长 256%，目前占总组合的 18%，高于 2020 财年的 13%。”力量、地板和瑜伽的增加强化了Peloton为其用户提供独特价值并让他们参与多种不同的锻炼学科的主张。</blockquote></p><p> While Peloton has been labeled as another fitness fad, it's showing improving workout mix across all disciplines, pointing to strength in engagement aided by over 90% 12-month retention. The first two quarters of the current fiscal year will provide more clarity and insight into workouts and average workout statistics, and to how engagement is evolving.</p><p><blockquote>虽然Peloton被贴上了另一种健身时尚的标签，但它在所有学科中都显示出改善的锻炼组合，这表明超过90%的12个月保留率有助于提高参与度。本财年的前两个季度将为锻炼和平均锻炼统计数据以及参与度的演变提供更多的清晰度和见解。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4956d56e03034c6018f94d8837f7ba48\" tg-width=\"640\" tg-height=\"254\" referrerpolicy=\"no-referrer\"><span>Graphic from Peloton</span></p><p><blockquote><p class=\"t-img-caption\"><span>Peloton 的图片</span></p></blockquote></p><p> Other catalysts include Precor's acquisition aiding growth outlets in commercial streams, such as hotels, additional hardware/machines, and international expansion. Commercial outlets could unlock bulk orders of Peloton's machines, while unveiling new hardware products like a rower can spur demand with existing customers and other interested customers. International expansion could be one of the largest long-term drivers, with the geographic segment barely contributing 11% of revenues, with penetration much lower than the domestic market. The UK and rest of Europe provide compelling growth outlets over the next few years for both hardware and subscribers.</p><p><blockquote>其他催化剂包括 Precor 的收购有助于商业渠道的增长，例如酒店、额外的硬件/机器以及国际扩张。商业网点可以解锁 Peloton 机器的批量订单，而推出 rower 等新硬件产品可以刺激现有客户和其他感兴趣的客户的需求。国际扩张可能是最大的长期驱动力之一，地理细分市场仅占收入的 11%，渗透率远低于国内市场。未来几年，英国和欧洲其他地区将为硬件和用户提供引人注目的增长渠道。</blockquote></p><p> <b>Running Towards Trouble</b></p><p><blockquote><b>奔向麻烦</b></blockquote></p><p> Although Peloton is making strides with growth and pushing forward with subscription revenues (to 30% in Q4 while FY totaled 21.7%, up from 19.9% the prior year), the company is facing some margin pressures and a weakening balance sheet as it works to boost growth.</p><p><blockquote>尽管 Peloton 在增长和订阅收入方面取得了长足进步（第四季度达到 30%，而财年总额为 21.7%，高于上一年的 19.9%），但该公司在努力促进增长时面临一些利润压力和资产负债表疲软。</blockquote></p><p> The prior quarter saw the Connected Fitness segment suffer a sharp gross margin decline, by 33.7 percentage points to 11.6% - Peloton attributed this to Tread recalls, increased logistics expenses, and lower pricing mix. Peloton recently&nbsp;released&nbsp;the all new Tread, and announced a $400 price cut on the Bike to \"maximize&nbsp;the number of Peloton Bikes, Treads, and future products in households.\" However, this move is likely another hard headwind for margins to deal with, given that pricing has already proven to be detrimental to margins.</p><p><blockquote>上一季度，互联健身部门的毛利率大幅下降，下降了 33.7 个百分点至 11.6%，Peloton 将此归因于胎面召回、物流成本增加和定价组合下降。Peloton 最近发布了全新的 Tread，并宣布将该自行车降价 400 美元，以“最大限度地增加家庭中 Peloton 自行车、Tread 和未来产品的数量”。然而，鉴于定价已被证明对利润率不利，此举可能是利润率面临的另一个难以应对的阻力。</blockquote></p><p> Logistics expenses again are likely to cut into margins, as global shipping rates have only just started to fall after spiking and remaining quite high during Peloton's fiscal quarter. Container shortages and port congestion have hurt numerous retailers, and Peloton's manufacturing concentration in Taiwan exposes it to those heightened shipping costs.Rates&nbsp;soaring to far over $10,000 for cross-Pacific routes are likely to have a big impact on Peloton's revenues as ~90% stem from North America.</p><p><blockquote>物流费用可能会再次削减利润率，因为全球运费在 Peloton 财季飙升并保持相当高后才刚刚开始下降。集装箱短缺和港口拥堵损害了众多零售商，而 Peloton 的制造集中在台湾，使其面临更高的运输成本。跨太平洋航线的运费飙升至远远超过 10,000 美元，可能会对 Peloton 的收入产生重大影响，因为约 90% 来自北美。</blockquote></p><p> In addition, Peloton is seeing large cash outflows, about $600 million in Q4. The company is stepping up investments to build out capacity, but at a time when revenues are facing a bit of a crunch sequentially and as margins are taking a large hit. FQ1 is projected to post approximately $285 million negative EBITDA, and likely another substantial cash outflow. Adjusted EBITDA profitability is expected to come by FY23, with the gap narrowing with a strong 2H '22 driven by Bike demand.</p><p><blockquote>此外，Peloton 还出现了大量现金流出，第四季度约为 6 亿美元。该公司正在加大投资以扩大产能，但此时收入正连续面临一些紧缩，利润率也受到严重打击。第一季度预计将出现约 2.85 亿美元的负 EBITDA，并且可能会出现另一次大量现金流出。调整后的 EBITDA 盈利能力预计将来自2023财年，随着 2022 年下半年自行车需求的强劲推动，差距正在缩小。</blockquote></p><p> Other issues arise within Peloton's guidance - while it's guiding some strong take rates for the Bike and new Tread, is that guidance achievable? For FQ1, guidance sits at $800 million, while for the full year, guidance sits at $5.4 billion; this is projecting q/q growth rates nearly on par with the heart of the pandemic, over 30%, for three straight quarters. The main question here - will volumes be able to offset price cuts, and will subscription and apparel revenue be enough to meet guidance? Peloton has a lot to prove through Q1 and the end of the year, leaving itself a tough mountain to climb to reach these lofty goals.</p><p><blockquote>Peloton的指导中还出现了其他问题——虽然它指导了自行车和新胎面的一些强劲的接受率，但这种指导是可以实现的吗？第一季度的指导为 8 亿美元，而全年的指导为 54 亿美元；预计环比增长率连续三个季度几乎与疫情中心持平，超过 30%。这里的主要问题是——销量能否抵消降价，订阅和服装收入是否足以满足指导？Peloton 在第一季度和年底有很多东西需要证明，这给自己留下了一座艰难的山，以实现这些崇高目标。</blockquote></p><p> Peloton has come under fire from requiring users to have a paying All-Access membership to use the Bike or Tread, as users simply are not able to run or bike without paying that $39/mo fee. Equipment pricing is already at the higher end of the industry average, and while pricing is decreasing, the extra monthly subscription adds up quickly.</p><p><blockquote>Peloton因要求用户拥有付费的All Access会员资格才能使用自行车或踏板而受到抨击，因为用户根本无法在不支付39美元/月的费用的情况下跑步或骑自行车。设备定价已经处于行业平均水平的高端，虽然定价正在下降，但额外的每月订阅费正在迅速增加。</blockquote></p><p></p><p> The commercial growth story does raise additional questions. Peloton has built its model by creating a unique user experience, and to translate an individual user experience to a commercial setting could be difficult. The payoff to a commercial enterprise, for example a hotel, could be limited due to usage - how often are those gyms frequented, how long are workouts, what type of travelers frequent the gym, etc - is it worth the cost to pick Peloton over a cheaper alternative, and what exactly would those enterprises gain? Peloton has been decreasing prices to make products more available for everyone, but it does not provide a drastically compelling value proposition to back up that price point for commercial use.</p><p><blockquote>商业增长的故事确实提出了额外的问题。Peloton通过创造独特的用户体验来建立其模型，而将个人用户体验转化为商业环境可能很困难。商业企业（例如酒店）的回报可能会因使用情况而受到限制——这些健身房的频率、锻炼时间、哪种类型的旅行者经常去健身房等——选择Peloton而不是更便宜的替代品值得吗？这些企业到底会获得什么？Peloton 一直在降低价格，以使每个人都能更容易地获得产品，但它并没有提供一个极具说服力的价值主张来支持商业用途的价位。</blockquote></p><p> <b>A Battleground</b></p><p><blockquote><b>战场</b></blockquote></p><p> Peloton offers numerous reasons for both bulls and bears to set up camp, with the stock quickly becoming a battleground as growth and struggles come to a head. Large cash outflows, questionably strong guidance and execution risk, logistics expenses, margin pressures, sequentially weak revenues, ability to continue rapidly growing subscribers, holes in the commercial growth outlook, and competitive forces (such as that from Nautilus (NLS), Apple (AAPL), Amazon (AMZN), Fitbit(NASDAQ:GOOG)(GOOGL) and more) offer multiple compelling reasons to see extra downside to a valuation just under 5x FY22's projected sales.</p><p><blockquote>Peloton 为多头和空头安营扎寨提供了众多理由，随着增长和斗争达到顶峰，该股迅速成为战场。大量现金流出、可疑的强劲指导和执行风险、物流费用、利润率压力、连续疲软的收入、继续快速增长订户的能力、商业增长前景的漏洞以及竞争力量（例如来自鹦鹉螺 (NLS)、苹果 (AAPL)、亚马逊 (AMZN)、Fitbit（纳斯达克股票代码：GOOG）（GOOGL）等）提供了多个令人信服的理由，让我们看到估值略低于 2022 财年预计销售额 5 倍的额外下行空间。</blockquote></p><p> On the other hand, Peloton could still be in the early innings of gaining ground in connected fitness - the company can push out more products, more workout disciplines, a health and wellness segment, or find growth in commercial areas, tremendous opportunities internationally, and strong recurring high-margin subscription revenues. If Peloton can reach annual guidance, it's setting itself up for high rates of successive growth, which can help prove that the pandemic was not a one-time surge, and the model is here to stay.</p><p><blockquote>另一方面，Peloton 可能仍处于互联健身领域取得进展的早期阶段——该公司可以推出更多产品、更多锻炼项目、健康和保健领域，或者在商业领域找到增长、巨大的国际机会以及强劲的经常性高利润订阅收入。如果 Peloton 能够达到年度指导，那么它就会为连续的高增长率做好准备，这有助于证明疫情不是一次性的激增，而且这种模式将会持续下去。</blockquote></p><p> Overall, the company is at the beginning of a very important year, with high targets that would lessen fears of dissipating growth, and multiple headwinds that could in fact limit such growth. Neither bull nor bear case substantially outweigh the other, and as such, shares are rated at neutral.</p><p><blockquote>总体而言，该公司正处于非常重要的一年的开始，高目标将减轻对增长消散的担忧，而实际上可能限制这种增长的多重不利因素。牛市和熊市都没有明显超过对方，因此，股票评级为中性。</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>Peloton: A Battleground Stock Nearing A Crucial Moment<blockquote>Peloton：临近关键时刻的战场股票</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\">\nPeloton: A Battleground Stock Nearing A Crucial Moment<blockquote>Peloton：临近关键时刻的战场股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Seeking Alpha</strong><span class=\"h-time small\">2021-10-18 11:19</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>PTON surprised with poor guidance for FQ1 while keeping full year guidance high, reflecting what would be a string of very high growth quarters.</li>  <li>Multiple outlets for growth exist - a unique deal with UNH could boost interest levels, and international and commercial could offer compelling growth.</li>  <li>Just as many headwinds remain, with the company facing increased logistics expenses, weakened margins, large cash outflows, and more.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4ff90f9d488e3dc0a05a65ac162a9726\" tg-width=\"1536\" tg-height=\"1024\" referrerpolicy=\"no-referrer\"><span>Michael Loccisano/Getty Images News</span></p><p><blockquote><ul><li>PTON 对第一季度的糟糕指引感到惊讶，同时保持全年指引较高，反映出一系列非常高的增长季度。</li><li>存在多种增长渠道 - 与 UNH 的独特交易可以提高兴趣水平，国际和商业可以提供令人信服的增长。</li><li>正如许多不利因素仍然存在一样，该公司面临着物流成本增加、利润率下降、大量现金流出等。</li></ul><p class=\"t-img-caption\"><span>迈克尔·洛奇萨诺/盖蒂图片社新闻</span></p></blockquote></p><p> Peloton's(NASDAQ:PTON)fiscal 2022 is shaping up to be a crucial year, with the stock deep in battleground territory. The company surprised with a wider than expected loss last quarter while simultaneously dropping its FQ1 guidance by 20% to $800 million and marking full-year revenues at $5.4 billion, reflecting what the connected fitness manufacturer is expecting to be a strong end to the year, offsetting revenue weakness early on from lowered Bike pricing. The company has faced its share of challenges of the course of the past year, but is still looking ahead towards more growth in revenues and subscribers, although increased losses and other headwinds are on watch.</p><p><blockquote>Peloton（纳斯达克股票代码：PTON）2022 财年将成为至关重要的一年，该股深陷战场领域。该公司上季度的亏损幅度超出预期，同时将第一季度指引下调 20%，至 8 亿美元，全年收入为 54 亿美元，反映出这家互联健身制造商预计今年年底将表现强劲，抵消了自行车价格下降导致的早期收入疲软。该公司在过去一年中面临着挑战，但尽管亏损增加和其他不利因素迫在眉睫，但仍期待收入和用户的进一步增长。</blockquote></p><p> <b>Moving Along With Growth</b></p><p><blockquote><b>与增长同行</b></blockquote></p><p> One of Peloton's biggest challenges through the pandemic has been meeting demand, with the company seeing significant backlogs and delays - this had served as a headwind to growth, with supply chain inefficiencies limiting shipments and order-to-delivery times and ultimately revenues. The company noted that it has restored order-to-delivery times to pre-pandemic levels, with large investments in its supply chain paying off on that front. Peloton is moving forward with plans for its&nbsp;first US factory, with the investment allowing the company to \"diversify [its] manufacturing footprint, provide additional capacity to support [its] growth, drive production efficiencies through automation and scale, and accelerate [its] speed-to-market.\" Production is expected to begin in 2023.</p><p><blockquote>Peloton 在疫情期间面临的最大挑战之一是满足需求，该公司面临大量积压和延误——这一直是增长的阻力，供应链效率低下限制了发货量、订单到交货时间以及最终收入。该公司指出，它已将订单到交货时间恢复到大流行前的水平，对供应链的大量投资在这方面得到了回报。Peloton 正在推进其第一家美国工厂的计划，这项投资使该公司能够“实现制造足迹的多元化，提供额外的产能来支持其增长，通过自动化和规模化提高生产效率，并加快其上市速度。”预计将于2023年开始生产。</blockquote></p><p> Boosting manufacturing capacity can help drive hardware unit sales, demand contingent, which in turn can boost subscriber numbers, where Peloton is seeing strong growth. Connected fitness subscribers rose 114% y/y, with guidance pointing to ~86% y/y growth for FQ1, and digital subscribers rose 176% y/y to 874K, with rising free-trial volumes and improving conversion rates. What's key for Peloton is keeping high growth rates in subscribers and high engagement, two important metrics for sustainability of a subscription-plus-hardware model.</p><p><blockquote>提高制造能力有助于推动硬件单位销售和需求或有，这反过来又可以增加用户数量，Peloton 在这方面实现了强劲增长。联网健身订户同比增长 114%，指导显示第一季度同比增长约 86%，数字订户同比增长 176%，达到 87.4 万，免费试用量增加，转化率提高。Peloton 的关键是保持用户的高增长率和高参与度，这是订阅加硬件模式可持续性的两个重要指标。</blockquote></p><p> Peloton recently made an interesting move that could boost members and help engagement trends. The company announced a&nbsp;tie up with UnitedHealth&nbsp;(UNH), offering members a free Peloton digital subscription ($155 value), and for members who already have a Peloton and/or digital subscription, that value can be applied as a credit.</p><p><blockquote>Peloton最近采取了一个有趣的举措，可以增加会员并帮助参与趋势。该公司宣布与UnitedHealth(UNH)合作，为会员提供免费的Peloton数字订阅（价值155美元），对于已经拥有Peloton和/或数字订阅的会员，该价值可以作为积分使用。</blockquote></p><p> It's enhancing the value proposition for both companies - insurance members get an added perk that they do or do not have to use, while Peloton gets exposure to millions of new potential customers that it could possibly upsell to. While these customers aren't paying directly for the service, rather receiving it through an insurance plan, it provides a massive base to which Peloton could acquire customers at little to no cost.</p><p><blockquote>这增强了两家公司的价值主张——保险会员可以获得他们必须或不必使用的额外福利，而 Peloton 则可以接触到数百万新的潜在客户，并可能向其追加销售。虽然这些客户不是直接为服务付费，而是通过保险计划获得服务，但它提供了一个庞大的基础，Peloton 可以以很少甚至没有成本获得客户。</blockquote></p><p> The benefits to Peloton could be quite large if it leads to ~1% of UNH's ~50 million covered members becoming interested in the company's products, or ~0.05% actually buying a Peloton product - that could be around $50 million in revenues at the 0.05% figure. While it's purely an estimate, the lack of expenses to tap into such a large customer base and activate new digital subscribers provides a large opportunity.</p><p><blockquote>如果 UNH 约 5000 万承保会员中约 1% 对该公司的产品感兴趣，或者约 0.05% 实际购买 Peloton 产品，那么 Peloton 的好处可能会相当大 - 按 0.05% 的数字计算，收入可能约为 5000 万美元。虽然这纯粹是一个估计，但缺乏开支来挖掘如此庞大的客户群并激活新的数字订户提供了一个巨大的机会。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/607c2c7fa4c793a6846a949c536c4211\" tg-width=\"640\" tg-height=\"386\" referrerpolicy=\"no-referrer\"><span>Graphic from Peloton</span></p><p><blockquote><p class=\"t-img-caption\"><span>Peloton 的图片</span></p></blockquote></p><p> Some of Peloton's key metrics shown above reflect the trends in engagement and growth - revenues dipped q/q for the first time, alongside a dip in workouts, while subscriber number and revenue growth continued. Peloton pointed the finger at seasonal trends, improving weather and consumer mobility - the bigger question raised here is that demand is simply weakening that home fitness is a fad - the biggest questions surrounding the bear case.</p><p><blockquote>上面显示的Peloton的一些关键指标反映了参与度和增长的趋势——收入首次环比下降，同时锻炼量也有所下降，而用户数量和收入继续增长。Peloton将矛头指向了季节性趋势、天气改善和消费者流动性——这里提出的更大问题是，需求只是在削弱家庭健身是一种时尚——这是围绕熊案的最大问题。</blockquote></p><p></p><p> While quarterly and average workouts dipped, engagement trends are still solid, with workout diversification improving. Cycling workouts remain the majority, just under 60%, but new categories are growing quickly, with Peloton noting that \"Connected Fitness Strength workouts grew 256% year-on-year and now represent 18% of the total mix, up from 13% in fiscal 2020.\" Gains in strength, floor and yoga reinforce the proposition that Peloton provides unique value to its users and keeps them engaged across multiple different workout disciplines.</p><p><blockquote>虽然季度和平均锻炼有所下降，但参与度趋势仍然稳固，锻炼多样化有所改善。骑自行车锻炼仍然占大多数，略低于 60%，但新类别正在快速增长，Peloton 指出，“互联健身力量锻炼同比增长 256%，目前占总组合的 18%，高于 2020 财年的 13%。”力量、地板和瑜伽的增加强化了Peloton为其用户提供独特价值并让他们参与多种不同的锻炼学科的主张。</blockquote></p><p> While Peloton has been labeled as another fitness fad, it's showing improving workout mix across all disciplines, pointing to strength in engagement aided by over 90% 12-month retention. The first two quarters of the current fiscal year will provide more clarity and insight into workouts and average workout statistics, and to how engagement is evolving.</p><p><blockquote>虽然Peloton被贴上了另一种健身时尚的标签，但它在所有学科中都显示出改善的锻炼组合，这表明超过90%的12个月保留率有助于提高参与度。本财年的前两个季度将为锻炼和平均锻炼统计数据以及参与度的演变提供更多的清晰度和见解。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4956d56e03034c6018f94d8837f7ba48\" tg-width=\"640\" tg-height=\"254\" referrerpolicy=\"no-referrer\"><span>Graphic from Peloton</span></p><p><blockquote><p class=\"t-img-caption\"><span>Peloton 的图片</span></p></blockquote></p><p> Other catalysts include Precor's acquisition aiding growth outlets in commercial streams, such as hotels, additional hardware/machines, and international expansion. Commercial outlets could unlock bulk orders of Peloton's machines, while unveiling new hardware products like a rower can spur demand with existing customers and other interested customers. International expansion could be one of the largest long-term drivers, with the geographic segment barely contributing 11% of revenues, with penetration much lower than the domestic market. The UK and rest of Europe provide compelling growth outlets over the next few years for both hardware and subscribers.</p><p><blockquote>其他催化剂包括 Precor 的收购有助于商业渠道的增长，例如酒店、额外的硬件/机器以及国际扩张。商业网点可以解锁 Peloton 机器的批量订单，而推出 rower 等新硬件产品可以刺激现有客户和其他感兴趣的客户的需求。国际扩张可能是最大的长期驱动力之一，地理细分市场仅占收入的 11%，渗透率远低于国内市场。未来几年，英国和欧洲其他地区将为硬件和用户提供引人注目的增长渠道。</blockquote></p><p> <b>Running Towards Trouble</b></p><p><blockquote><b>奔向麻烦</b></blockquote></p><p> Although Peloton is making strides with growth and pushing forward with subscription revenues (to 30% in Q4 while FY totaled 21.7%, up from 19.9% the prior year), the company is facing some margin pressures and a weakening balance sheet as it works to boost growth.</p><p><blockquote>尽管 Peloton 在增长和订阅收入方面取得了长足进步（第四季度达到 30%，而财年总额为 21.7%，高于上一年的 19.9%），但该公司在努力促进增长时面临一些利润压力和资产负债表疲软。</blockquote></p><p> The prior quarter saw the Connected Fitness segment suffer a sharp gross margin decline, by 33.7 percentage points to 11.6% - Peloton attributed this to Tread recalls, increased logistics expenses, and lower pricing mix. Peloton recently&nbsp;released&nbsp;the all new Tread, and announced a $400 price cut on the Bike to \"maximize&nbsp;the number of Peloton Bikes, Treads, and future products in households.\" However, this move is likely another hard headwind for margins to deal with, given that pricing has already proven to be detrimental to margins.</p><p><blockquote>上一季度，互联健身部门的毛利率大幅下降，下降了 33.7 个百分点至 11.6%，Peloton 将此归因于胎面召回、物流成本增加和定价组合下降。Peloton 最近发布了全新的 Tread，并宣布将该自行车降价 400 美元，以“最大限度地增加家庭中 Peloton 自行车、Tread 和未来产品的数量”。然而，鉴于定价已被证明对利润率不利，此举可能是利润率面临的另一个难以应对的阻力。</blockquote></p><p> Logistics expenses again are likely to cut into margins, as global shipping rates have only just started to fall after spiking and remaining quite high during Peloton's fiscal quarter. Container shortages and port congestion have hurt numerous retailers, and Peloton's manufacturing concentration in Taiwan exposes it to those heightened shipping costs.Rates&nbsp;soaring to far over $10,000 for cross-Pacific routes are likely to have a big impact on Peloton's revenues as ~90% stem from North America.</p><p><blockquote>物流费用可能会再次削减利润率，因为全球运费在 Peloton 财季飙升并保持相当高后才刚刚开始下降。集装箱短缺和港口拥堵损害了众多零售商，而 Peloton 的制造集中在台湾，使其面临更高的运输成本。跨太平洋航线的运费飙升至远远超过 10,000 美元，可能会对 Peloton 的收入产生重大影响，因为约 90% 来自北美。</blockquote></p><p> In addition, Peloton is seeing large cash outflows, about $600 million in Q4. The company is stepping up investments to build out capacity, but at a time when revenues are facing a bit of a crunch sequentially and as margins are taking a large hit. FQ1 is projected to post approximately $285 million negative EBITDA, and likely another substantial cash outflow. Adjusted EBITDA profitability is expected to come by FY23, with the gap narrowing with a strong 2H '22 driven by Bike demand.</p><p><blockquote>此外，Peloton 还出现了大量现金流出，第四季度约为 6 亿美元。该公司正在加大投资以扩大产能，但此时收入正连续面临一些紧缩，利润率也受到严重打击。第一季度预计将出现约 2.85 亿美元的负 EBITDA，并且可能会出现另一次大量现金流出。调整后的 EBITDA 盈利能力预计将来自2023财年，随着 2022 年下半年自行车需求的强劲推动，差距正在缩小。</blockquote></p><p> Other issues arise within Peloton's guidance - while it's guiding some strong take rates for the Bike and new Tread, is that guidance achievable? For FQ1, guidance sits at $800 million, while for the full year, guidance sits at $5.4 billion; this is projecting q/q growth rates nearly on par with the heart of the pandemic, over 30%, for three straight quarters. The main question here - will volumes be able to offset price cuts, and will subscription and apparel revenue be enough to meet guidance? Peloton has a lot to prove through Q1 and the end of the year, leaving itself a tough mountain to climb to reach these lofty goals.</p><p><blockquote>Peloton的指导中还出现了其他问题——虽然它指导了自行车和新胎面的一些强劲的接受率，但这种指导是可以实现的吗？第一季度的指导为 8 亿美元，而全年的指导为 54 亿美元；预计环比增长率连续三个季度几乎与疫情中心持平，超过 30%。这里的主要问题是——销量能否抵消降价，订阅和服装收入是否足以满足指导？Peloton 在第一季度和年底有很多东西需要证明，这给自己留下了一座艰难的山，以实现这些崇高目标。</blockquote></p><p> Peloton has come under fire from requiring users to have a paying All-Access membership to use the Bike or Tread, as users simply are not able to run or bike without paying that $39/mo fee. Equipment pricing is already at the higher end of the industry average, and while pricing is decreasing, the extra monthly subscription adds up quickly.</p><p><blockquote>Peloton因要求用户拥有付费的All Access会员资格才能使用自行车或踏板而受到抨击，因为用户根本无法在不支付39美元/月的费用的情况下跑步或骑自行车。设备定价已经处于行业平均水平的高端，虽然定价正在下降，但额外的每月订阅费正在迅速增加。</blockquote></p><p></p><p> The commercial growth story does raise additional questions. Peloton has built its model by creating a unique user experience, and to translate an individual user experience to a commercial setting could be difficult. The payoff to a commercial enterprise, for example a hotel, could be limited due to usage - how often are those gyms frequented, how long are workouts, what type of travelers frequent the gym, etc - is it worth the cost to pick Peloton over a cheaper alternative, and what exactly would those enterprises gain? Peloton has been decreasing prices to make products more available for everyone, but it does not provide a drastically compelling value proposition to back up that price point for commercial use.</p><p><blockquote>商业增长的故事确实提出了额外的问题。Peloton通过创造独特的用户体验来建立其模型，而将个人用户体验转化为商业环境可能很困难。商业企业（例如酒店）的回报可能会因使用情况而受到限制——这些健身房的频率、锻炼时间、哪种类型的旅行者经常去健身房等——选择Peloton而不是更便宜的替代品值得吗？这些企业到底会获得什么？Peloton 一直在降低价格，以使每个人都能更容易地获得产品，但它并没有提供一个极具说服力的价值主张来支持商业用途的价位。</blockquote></p><p> <b>A Battleground</b></p><p><blockquote><b>战场</b></blockquote></p><p> Peloton offers numerous reasons for both bulls and bears to set up camp, with the stock quickly becoming a battleground as growth and struggles come to a head. Large cash outflows, questionably strong guidance and execution risk, logistics expenses, margin pressures, sequentially weak revenues, ability to continue rapidly growing subscribers, holes in the commercial growth outlook, and competitive forces (such as that from Nautilus (NLS), Apple (AAPL), Amazon (AMZN), Fitbit(NASDAQ:GOOG)(GOOGL) and more) offer multiple compelling reasons to see extra downside to a valuation just under 5x FY22's projected sales.</p><p><blockquote>Peloton 为多头和空头安营扎寨提供了众多理由，随着增长和斗争达到顶峰，该股迅速成为战场。大量现金流出、可疑的强劲指导和执行风险、物流费用、利润率压力、连续疲软的收入、继续快速增长订户的能力、商业增长前景的漏洞以及竞争力量（例如来自鹦鹉螺 (NLS)、苹果 (AAPL)、亚马逊 (AMZN)、Fitbit（纳斯达克股票代码：GOOG）（GOOGL）等）提供了多个令人信服的理由，让我们看到估值略低于 2022 财年预计销售额 5 倍的额外下行空间。</blockquote></p><p> On the other hand, Peloton could still be in the early innings of gaining ground in connected fitness - the company can push out more products, more workout disciplines, a health and wellness segment, or find growth in commercial areas, tremendous opportunities internationally, and strong recurring high-margin subscription revenues. If Peloton can reach annual guidance, it's setting itself up for high rates of successive growth, which can help prove that the pandemic was not a one-time surge, and the model is here to stay.</p><p><blockquote>另一方面，Peloton 可能仍处于互联健身领域取得进展的早期阶段——该公司可以推出更多产品、更多锻炼项目、健康和保健领域，或者在商业领域找到增长、巨大的国际机会以及强劲的经常性高利润订阅收入。如果 Peloton 能够达到年度指导，那么它就会为连续的高增长率做好准备，这有助于证明疫情不是一次性的激增，而且这种模式将会持续下去。</blockquote></p><p> Overall, the company is at the beginning of a very important year, with high targets that would lessen fears of dissipating growth, and multiple headwinds that could in fact limit such growth. Neither bull nor bear case substantially outweigh the other, and as such, shares are rated at neutral.</p><p><blockquote>总体而言，该公司正处于非常重要的一年的开始，高目标将减轻对增长消散的担忧，而实际上可能限制这种增长的多重不利因素。牛市和熊市都没有明显超过对方，因此，股票评级为中性。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4460195-peloton-pton-battleground-stock-crucial-moment\">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":{"PTON":"Peloton Interactive, Inc."},"source_url":"https://seekingalpha.com/article/4460195-peloton-pton-battleground-stock-crucial-moment","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1100450732","content_text":"Summary\n\nPTON surprised with poor guidance for FQ1 while keeping full year guidance high, reflecting what would be a string of very high growth quarters.\nMultiple outlets for growth exist - a unique deal with UNH could boost interest levels, and international and commercial could offer compelling growth.\nJust as many headwinds remain, with the company facing increased logistics expenses, weakened margins, large cash outflows, and more.\n\nMichael Loccisano/Getty Images News\nPeloton's(NASDAQ:PTON)fiscal 2022 is shaping up to be a crucial year, with the stock deep in battleground territory. The company surprised with a wider than expected loss last quarter while simultaneously dropping its FQ1 guidance by 20% to $800 million and marking full-year revenues at $5.4 billion, reflecting what the connected fitness manufacturer is expecting to be a strong end to the year, offsetting revenue weakness early on from lowered Bike pricing. The company has faced its share of challenges of the course of the past year, but is still looking ahead towards more growth in revenues and subscribers, although increased losses and other headwinds are on watch.\nMoving Along With Growth\nOne of Peloton's biggest challenges through the pandemic has been meeting demand, with the company seeing significant backlogs and delays - this had served as a headwind to growth, with supply chain inefficiencies limiting shipments and order-to-delivery times and ultimately revenues. The company noted that it has restored order-to-delivery times to pre-pandemic levels, with large investments in its supply chain paying off on that front. Peloton is moving forward with plans for its first US factory, with the investment allowing the company to \"diversify [its] manufacturing footprint, provide additional capacity to support [its] growth, drive production efficiencies through automation and scale, and accelerate [its] speed-to-market.\" Production is expected to begin in 2023.\nBoosting manufacturing capacity can help drive hardware unit sales, demand contingent, which in turn can boost subscriber numbers, where Peloton is seeing strong growth. Connected fitness subscribers rose 114% y/y, with guidance pointing to ~86% y/y growth for FQ1, and digital subscribers rose 176% y/y to 874K, with rising free-trial volumes and improving conversion rates. What's key for Peloton is keeping high growth rates in subscribers and high engagement, two important metrics for sustainability of a subscription-plus-hardware model.\nPeloton recently made an interesting move that could boost members and help engagement trends. The company announced a tie up with UnitedHealth (UNH), offering members a free Peloton digital subscription ($155 value), and for members who already have a Peloton and/or digital subscription, that value can be applied as a credit.\nIt's enhancing the value proposition for both companies - insurance members get an added perk that they do or do not have to use, while Peloton gets exposure to millions of new potential customers that it could possibly upsell to. While these customers aren't paying directly for the service, rather receiving it through an insurance plan, it provides a massive base to which Peloton could acquire customers at little to no cost.\nThe benefits to Peloton could be quite large if it leads to ~1% of UNH's ~50 million covered members becoming interested in the company's products, or ~0.05% actually buying a Peloton product - that could be around $50 million in revenues at the 0.05% figure. While it's purely an estimate, the lack of expenses to tap into such a large customer base and activate new digital subscribers provides a large opportunity.\nGraphic from Peloton\nSome of Peloton's key metrics shown above reflect the trends in engagement and growth - revenues dipped q/q for the first time, alongside a dip in workouts, while subscriber number and revenue growth continued. Peloton pointed the finger at seasonal trends, improving weather and consumer mobility - the bigger question raised here is that demand is simply weakening that home fitness is a fad - the biggest questions surrounding the bear case.\nWhile quarterly and average workouts dipped, engagement trends are still solid, with workout diversification improving. Cycling workouts remain the majority, just under 60%, but new categories are growing quickly, with Peloton noting that \"Connected Fitness Strength workouts grew 256% year-on-year and now represent 18% of the total mix, up from 13% in fiscal 2020.\" Gains in strength, floor and yoga reinforce the proposition that Peloton provides unique value to its users and keeps them engaged across multiple different workout disciplines.\nWhile Peloton has been labeled as another fitness fad, it's showing improving workout mix across all disciplines, pointing to strength in engagement aided by over 90% 12-month retention. The first two quarters of the current fiscal year will provide more clarity and insight into workouts and average workout statistics, and to how engagement is evolving.\nGraphic from Peloton\nOther catalysts include Precor's acquisition aiding growth outlets in commercial streams, such as hotels, additional hardware/machines, and international expansion. Commercial outlets could unlock bulk orders of Peloton's machines, while unveiling new hardware products like a rower can spur demand with existing customers and other interested customers. International expansion could be one of the largest long-term drivers, with the geographic segment barely contributing 11% of revenues, with penetration much lower than the domestic market. The UK and rest of Europe provide compelling growth outlets over the next few years for both hardware and subscribers.\nRunning Towards Trouble\nAlthough Peloton is making strides with growth and pushing forward with subscription revenues (to 30% in Q4 while FY totaled 21.7%, up from 19.9% the prior year), the company is facing some margin pressures and a weakening balance sheet as it works to boost growth.\nThe prior quarter saw the Connected Fitness segment suffer a sharp gross margin decline, by 33.7 percentage points to 11.6% - Peloton attributed this to Tread recalls, increased logistics expenses, and lower pricing mix. Peloton recently released the all new Tread, and announced a $400 price cut on the Bike to \"maximize the number of Peloton Bikes, Treads, and future products in households.\" However, this move is likely another hard headwind for margins to deal with, given that pricing has already proven to be detrimental to margins.\nLogistics expenses again are likely to cut into margins, as global shipping rates have only just started to fall after spiking and remaining quite high during Peloton's fiscal quarter. Container shortages and port congestion have hurt numerous retailers, and Peloton's manufacturing concentration in Taiwan exposes it to those heightened shipping costs.Rates soaring to far over $10,000 for cross-Pacific routes are likely to have a big impact on Peloton's revenues as ~90% stem from North America.\nIn addition, Peloton is seeing large cash outflows, about $600 million in Q4. The company is stepping up investments to build out capacity, but at a time when revenues are facing a bit of a crunch sequentially and as margins are taking a large hit. FQ1 is projected to post approximately $285 million negative EBITDA, and likely another substantial cash outflow. Adjusted EBITDA profitability is expected to come by FY23, with the gap narrowing with a strong 2H '22 driven by Bike demand.\nOther issues arise within Peloton's guidance - while it's guiding some strong take rates for the Bike and new Tread, is that guidance achievable? For FQ1, guidance sits at $800 million, while for the full year, guidance sits at $5.4 billion; this is projecting q/q growth rates nearly on par with the heart of the pandemic, over 30%, for three straight quarters. The main question here - will volumes be able to offset price cuts, and will subscription and apparel revenue be enough to meet guidance? Peloton has a lot to prove through Q1 and the end of the year, leaving itself a tough mountain to climb to reach these lofty goals.\nPeloton has come under fire from requiring users to have a paying All-Access membership to use the Bike or Tread, as users simply are not able to run or bike without paying that $39/mo fee. Equipment pricing is already at the higher end of the industry average, and while pricing is decreasing, the extra monthly subscription adds up quickly.\nThe commercial growth story does raise additional questions. Peloton has built its model by creating a unique user experience, and to translate an individual user experience to a commercial setting could be difficult. The payoff to a commercial enterprise, for example a hotel, could be limited due to usage - how often are those gyms frequented, how long are workouts, what type of travelers frequent the gym, etc - is it worth the cost to pick Peloton over a cheaper alternative, and what exactly would those enterprises gain? Peloton has been decreasing prices to make products more available for everyone, but it does not provide a drastically compelling value proposition to back up that price point for commercial use.\nA Battleground\nPeloton offers numerous reasons for both bulls and bears to set up camp, with the stock quickly becoming a battleground as growth and struggles come to a head. Large cash outflows, questionably strong guidance and execution risk, logistics expenses, margin pressures, sequentially weak revenues, ability to continue rapidly growing subscribers, holes in the commercial growth outlook, and competitive forces (such as that from Nautilus (NLS), Apple (AAPL), Amazon (AMZN), Fitbit(NASDAQ:GOOG)(GOOGL) and more) offer multiple compelling reasons to see extra downside to a valuation just under 5x FY22's projected sales.\nOn the other hand, Peloton could still be in the early innings of gaining ground in connected fitness - the company can push out more products, more workout disciplines, a health and wellness segment, or find growth in commercial areas, tremendous opportunities internationally, and strong recurring high-margin subscription revenues. If Peloton can reach annual guidance, it's setting itself up for high rates of successive growth, which can help prove that the pandemic was not a one-time surge, and the model is here to stay.\nOverall, the company is at the beginning of a very important year, with high targets that would lessen fears of dissipating growth, and multiple headwinds that could in fact limit such growth. Neither bull nor bear case substantially outweigh the other, and as such, shares are rated at neutral.","news_type":1,"symbols_score_info":{"PTON":0.9}},"isVote":1,"tweetType":1,"viewCount":963,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"hots":[{"id":823387316,"gmtCreate":1633584066806,"gmtModify":1633584194746,"author":{"id":"3583641915640836","authorId":"3583641915640836","name":"4872be6","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583641915640836","idStr":"3583641915640836"},"themes":[],"title":"","htmlText":"Comment&nbsp;","listText":"Comment&nbsp;","text":"Comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/823387316","repostId":"2173948607","repostType":4,"repost":{"id":"2173948607","kind":"highlight","pubTimestamp":1633570746,"share":"https://www.laohunote.com/m/news/2173948607?lang=zh_CN&edition=full","pubTime":"2021-10-07 09:39","market":"us","language":"en","title":"Here are 10 'high conviction' stocks of companies with strong pricing power and at least 20% upside potential to UBS targets<blockquote>以下是 10 只具有强大定价能力且对瑞银目标至少有 20% 上涨潜力的“高信念”公司股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2173948607","media":"MarketWatch","summary":"UBS expects pricing power to be even more important as shipping, raw materials and wage costs surge. Inflation and supply issues are among the buzziest words on Wall Street as the third-quarter earnings reporting season approaches, with investors waiting to see which companies were the best at managing surging cost pressures and shipping disruptions.UBS strategists believe one of the best ways to deal with these headwinds is for a company to raise prices, but not all companies can do so by enoug","content":"<p>UBS expects pricing power to be even more important as shipping, raw materials and wage costs surge</p><p><blockquote>瑞银预计，随着航运、原材料和工资成本飙升，定价权将变得更加重要</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c9666acc8b6cbedd5fb585565a168bcf\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\"><span>Getty Images</span></p><p><blockquote><p class=\"t-img-caption\"><span>盖蒂图片社</span></p></blockquote></p><p> Inflation and supply issues are among the buzziest words on Wall Street as the third-quarter earnings reporting season approaches, with investors waiting to see which companies were the best at managing surging cost pressures and shipping disruptions.</p><p><blockquote>随着第三季度财报季的临近，通胀和供应问题是华尔街最热门的词汇之一，投资者正在等待看哪些公司最擅长应对飙升的成本压力和运输中断。</blockquote></p><p> UBS strategists believe one of the best ways to deal with these headwinds is for a company to raise prices, but not all companies can do so by enough to make a real difference without losing customers.</p><p><blockquote>瑞银策略师认为，应对这些不利因素的最佳方法之一是公司提高价格，但并非所有公司都能在不失去客户的情况下产生真正的影响。</blockquote></p><p> A number of companies in different sectors have already cut forward guidance, given rising costs and supply-chain disruptions, such as FedEx Corp.,Nu Skin Enterprises Inc.&nbsp;and Dollar Tree Inc..</p><p><blockquote>鉴于成本上升和供应链中断，不同行业的许多公司已经下调了指引，如联邦快递公司、如新企业公司和美元树公司..</blockquote></p><p> Third-quarter earnings season kicks off in earnest next week, with aggregate earnings per share of the S&amp;P 500 companies&nbsp;expected to show year-over-year growth in earnings per share of about 27% and in sales of about 15%.</p><p><blockquote>第三季度财报季将于下周正式拉开帷幕，标普500公司的每股总收益预计将同比增长约27%，销售额增长约15%。</blockquote></p><p> “Pricing power should be an even more important theme for relative returns with surging shipping costs, rising raw materials, supply chain issues and accelerating wage growth,” UBS strategists wrote in a note to clients this week.</p><p><blockquote>“瑞银策略师在本周给客户的一份报告中写道：”随着运输成本飙升、原材料价格上涨、供应链问题和工资增长加速，定价权应该成为相对回报的一个更加重要的主题。</blockquote></p><p> So the strategists, led by Keith Parker, asked UBS analysts across 33 industries to identify companies with the strongest relative pricing power. The analysts were also asked to pick out companies that scored in the top third of their respective sectors based on UBS Equity Strategy’s composite score for pricing power, margin momentum and input cost exposure; have “buy” ratings; and have stocks with at least 10% upside potential to their respective price targets.</p><p><blockquote>因此，以基思·帕克为首的策略师要求瑞银33个行业的分析师找出相对定价能力最强的公司。分析师们还被要求根据瑞银股票策略公司（UBS Equity Strategy）对定价权、利润率动量和投入成本敞口的综合评分，选出在各自行业中得分排名前三分之一的公司；给予“买入”评级；并拥有较各自价格目标至少有 10% 上涨潜力的股票。</blockquote></p><p> Here are 10 “high conviction, strong pricing power stocks” on UBS’s list that have at least 20% upside to the analysts’ stock price targets, in alphabetical order:</p><p><blockquote>以下是瑞银名单上的 10 只 “高信念、定价强劲的股票 ”，它们比分析师的目标股价至少有 20% 的上涨空间，按字母顺序排列：</blockquote></p><p> <ul>  <li>Advance Auto Parts Inc.,with a price target of $255, which implies an upside of about 21% to prices in afternoon trading Wednesday. Analyst Michael Lasser said he believes the auto parts company’s (AAP) aftermarket fundamentals are in a strong position, and that a gradual increase in mobility and a return to working in offices should drive further recovery in vehicle miles traveled.</li> </ul> “The auto parts sector traditionally has strong pricing power, with an ability to pass along price increases to customers,” Lasser wrote. “Plus, AAP also have the largest exposure to the commercial segment of the market, which is viewed even more favorably.”</p><p><blockquote><ul><li>Advance Auto Parts Inc.，目标价为 255 美元，这意味着周三下午交易中的价格上涨约 21%。分析师迈克尔-拉瑟（Michael Lasser）说，他认为这家汽车零部件公司（AAP）的售后市场基本面处于强势地位，流动性的逐步提高和办公室工作的回归应该会推动车辆行驶里程的进一步恢复。</li></ul>“拉瑟写道：”汽车零部件行业历来拥有强大的定价权，有能力将价格上涨转嫁给客户。“此外，AAP 在商业市场领域也拥有最大的曝光率，这一点被视为更有利”。</blockquote></p><p> <ul>  <li>Apple Inc.,which has a price target of $175 that implies 24% upside. Analyst David Vogt said the combination of its technological capability, supported by its retention metrics from UBS surveys that indicate high customer satisfaction for Apple products, suggests the PC and smartphone giant’s brand equity should drive adoption in the battery-electric-vehicle (BEV) market.</li> </ul> “End-market demand has been improving year-over-year, leading to elevated ‘wait times’ despite increased product procurement/production,” Vogt wrote. Regarding the BEV market, Vogt said that while Apple isn’t a first mover, “its significant resources should enable the company to be a ‘fast follower,'” similar to when it entered the smartphone market in 2007.</p><p><blockquote><ul><li>苹果公司，其目标价为 175 美元，这意味着 24% 的上涨空间。分析师大卫-沃格特（David Vogt）说，瑞银调查显示客户对苹果产品的满意度很高，这表明这家个人电脑和智能手机巨头的品牌资产应该会推动电池电动汽车（BEV）市场的采用。</li></ul>“沃格特写道：”尽管产品采购/生产有所增加，但终端市场需求逐年改善，导致'等待时间'延长。关于纯电动汽车市场，沃格特说，虽然苹果不是先行者，但 “其丰富的资源应该能使该公司成为一个'快速追随者'”，类似于 2007 年进入智能手机市场时的情况。</blockquote></p><p> <ul>  <li>CME Group Inc.,with a price target of $245 implying 23% upside. Analyst Alex Kramm said the derivatives trading platform benefits from global expansion, innovation, adoption of options and pricing. And he believes regulation could provide a tailwind to growth.</li> </ul> “As primarily a U.S. futures business, CME enjoys the highest barriers of entry in the space,” Kramm wrote.</p><p><blockquote><ul><li>芝商所集团公司，目标价为 245 美元，意味着 23% 的上涨空间。分析师亚历克斯·克拉姆表示，衍生品交易平台受益于全球扩张、创新、期权的采用和定价。他认为监管可以为增长提供推动力。</li></ul>“克拉姆写道：”作为一家主要从事美国期货业务的公司，芝加哥商品交易所在该领域享有最高的准入门槛。</blockquote></p><p> <ul>  <li>Danaher Corp.&nbsp;has a price target of $365, which implies 22% upside. Analyst John Sourbeer believes the medical products and services company (DHR) is “very well positioned” within the life sciences tool and services sector, as COVID testing should hold up much better than peers and the vaccine and therapeutic opportunity appears durable.</li> </ul> “DHR sales engine is able to proactively identify areas of potential pricing pressure and [successfully] navigate customers to high-value product,” Sourbeer wrote.</p><p><blockquote><ul><li>丹纳赫公司的目标价为 365 美元，这意味着 22% 的上涨空间。分析师约翰-苏尔比尔（John Sourbeer）认为，这家医疗产品和服务公司（DHR）在生命科学工具和服务领域 “处于非常有利的地位”，因为 COVID 检测的表现应该比同行好得多，而且疫苗和治疗机会似乎是持久的。</li></ul>“Sourbeer 写道：”DHR 销售引擎能够主动识别潜在定价压力领域，并[成功]引导客户购买高价值产品。</blockquote></p><p></p><p> <ul>  <li>EOG Resources Inc.&nbsp;has a $119 stock price target that suggests 38% upside. Analyst Lloyd Byrne the oil and natural gas exploration company is well positioned to mitigate inflationary pressures expected next year given well costs that are expected to be flat to lower in 2022 because of reduced drilling days, the deployment of “super zipper fracs” and contracts negotiated at lower rates.</li> </ul> “Pricing power in commodity companies is difficult to achieve. Those that can hold margins by best controlling costs, though, are better positioned,” Byrne wrote. “EOG is better positioned than most by being proactive with input and service costs, while excelling in operations.”</p><p><blockquote><ul><li>EOG Resources Inc. 的目标股价为 119 美元，上涨空间为 38%。分析师劳埃德-伯恩（Lloyd Byrne）认为，由于钻井天数减少、部署 “超级拉链压裂 ”以及以较低的费率谈判的合同，预计 2022 年油井成本将持平甚至更低，因此这家石油和天然气勘探公司已做好充分准备，可以缓解明年预期的通胀压力。</li></ul>“大宗商品公司的定价权很难实现。不过，那些能够通过最好地控制成本来保持利润率的公司则处于更有利的地位，”伯恩写道。“与大多数公司相比，EOG 在投入和服务成本方面积极主动，同时在运营方面表现出色”。</blockquote></p><p> <ul>  <li>Extra Space Storage Inc.’s&nbsp;stock price target of $210 implies 24% upside. Analyst Michael Goldsmith said he believes strong underlying demand, in conjunction with decelerating supply growth, support rent growth.</li> </ul> “Strong demand for self storage and elevated occupancy rates, combined with its non-discretionary nature increased pricing power of the operators,” Goldsmith wrote. “Operators are flexing their pricing power to new customers, as well as existing customer rent increases every 9-12 months.”</p><p><blockquote><ul><li>Extra Space Storage Inc. 210 美元的目标股价意味着 24% 的上涨空间。分析师迈克尔·戈德史密斯表示，他认为强劲的潜在需求加上供应增长放缓，将支撑租金增长。</li></ul>“戈德史密斯写道：”对自助仓储的强劲需求和较高的入住率，再加上其非自由支配性质，增加了运营商的定价权。“运营商正在向新客户以及现有客户每 9-12 个月上涨一次租金”。</blockquote></p><p> <ul>  <li>Generac Holdings Inc.&nbsp;has a price target of $500, which implies 23% upside. Analyst Jon Windham believes the power generation equipment maker’s competitive edge lies in its customer acquisition platform, which should enable it to take market share from incumbents SolarEdge Technologies Inc.&nbsp;and Enphase Energy Inc..</li> </ul> “Dominant market share (~80%) and strong demand for home standby power have insulated already high residential product margins,” Windham wrote.</p><p><blockquote><ul><li>Generac Holdings Inc. 的目标价为 500 美元，这意味着 23% 的上涨空间。分析师乔恩-温德姆（Jon Windham）认为，这家发电设备制造商的竞争优势在于其客户获取平台，这将使其能够从现有的 SolarEdge Technologies Inc. 和 Enphase Energy Inc. 手中夺取市场份额。</li></ul>“温德姆写道：”占据主导地位的市场份额（约 80%）和对家庭备用电源的强劲需求使本已很高的住宅产品利润率隔绝开来。</blockquote></p><p> <ul>  <li>Nike Inc.’s&nbsp;price target of $185 implies 24% upside. Analyst Jay Sole said a UBS survey and pricing data reveal that the Nike brand currently is No. 1 in mindshare globally and the sports apparel and accessories company has significant room to reduce promotions.</li> </ul> “We believe the market doesn’t fully appreciate how Nike’s investments in product innovation, supply chain and e-commerce are working in concert to drive unit growth and [average selling price] increases,” Sole wrote.</p><p><blockquote><ul><li>耐克公司 185 美元的目标价意味着 24% 的上涨空间。分析师 Jay Sole 表示，瑞银的调查和定价数据显示，耐克品牌目前在全球心智份额中排名第一，这家运动服装和配饰公司还有很大的减少促销的空间。</li></ul>“索尔写道：”我们认为，市场并没有充分认识到耐克在产品创新、供应链和电子商务方面的投资是如何协同推动销量增长和[平均售价]上涨的。</blockquote></p><p> <ul>  <li>Salesforce.com Inc.&nbsp;has a stock price target of $330 that implies 20% upside potential. Analyst Karl Keirstead said the customer relationship management software company appears to be moving well beyond the previous era of limited operating margin expansion, and committing to boosting annual operating margins.</li> </ul> “Importantly, the drivers behind the improved margin outlook strike us as sustainable, with topline outperformance, a permanent shift towards WFH [work from home] and Zoom-based customer interactions, and renewed expense discipline internally…the three biggest drivers,” Keirstead wrote.</p><p><blockquote><ul><li>Salesforce.com Inc. 的目标股价为 330 美元，这意味着 20% 的上涨潜力。分析师 Karl Keirstead 表示，这家客户关系管理软件公司似乎已经远远超越了之前营业利润率扩张有限的时代，并致力于提高年度营业利润率。</li></ul>“Keirstead 写道：”重要的是，利润率前景改善背后的驱动因素在我们看来是可持续的，包括营收优异、向 WFH（在家工作）和基于 Zoom 的客户互动的永久转变，以及内部更新的费用纪律.这三大驱动因素。</blockquote></p><p> <ul>  <li>Teleflex Inc.’s price target of $480 implies 28% upside. Analyst Matthew Taylor said the medical technology products company makes a number of inexpensive products that fly under the radar, given them the opportunity to increase prices.</li> </ul> Taylor said he believes margins can go “significantly higher” over the long term, given the company’s leverage to both necessary and elective procedures, which should return quickly in a post-pandemic world.</p><p><blockquote><ul><li>Teleflex Inc. 480 美元的目标价意味着 28% 的上涨空间。分析师马修·泰勒 (Matthew Taylor) 表示，这家医疗技术产品公司生产了许多低调的廉价产品，因为它们有机会提高价格。</li></ul>泰勒说，他相信从长远来看，利润率可以 “大幅提高”，因为公司可以利用必要程序和选择性程序，而这些程序在后大流行病时代应该会很快恢复。</blockquote></p><p></p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Here are 10 'high conviction' stocks of companies with strong pricing power and at least 20% upside potential to UBS targets<blockquote>以下是 10 只具有强大定价能力且对瑞银目标至少有 20% 上涨潜力的“高信念”公司股票</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; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHere are 10 'high conviction' stocks of companies with strong pricing power and at least 20% upside potential to UBS targets<blockquote>以下是 10 只具有强大定价能力且对瑞银目标至少有 20% 上涨潜力的“高信念”公司股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-10-07 09:39</span>\n</p>\n</h4>\n</header>\n<article>\n<p>UBS expects pricing power to be even more important as shipping, raw materials and wage costs surge</p><p><blockquote>瑞银预计，随着航运、原材料和工资成本飙升，定价权将变得更加重要</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c9666acc8b6cbedd5fb585565a168bcf\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\"><span>Getty Images</span></p><p><blockquote><p class=\"t-img-caption\"><span>盖蒂图片社</span></p></blockquote></p><p> Inflation and supply issues are among the buzziest words on Wall Street as the third-quarter earnings reporting season approaches, with investors waiting to see which companies were the best at managing surging cost pressures and shipping disruptions.</p><p><blockquote>随着第三季度财报季的临近，通胀和供应问题是华尔街最热门的词汇之一，投资者正在等待看哪些公司最擅长应对飙升的成本压力和运输中断。</blockquote></p><p> UBS strategists believe one of the best ways to deal with these headwinds is for a company to raise prices, but not all companies can do so by enough to make a real difference without losing customers.</p><p><blockquote>瑞银策略师认为，应对这些不利因素的最佳方法之一是公司提高价格，但并非所有公司都能在不失去客户的情况下产生真正的影响。</blockquote></p><p> A number of companies in different sectors have already cut forward guidance, given rising costs and supply-chain disruptions, such as FedEx Corp.,Nu Skin Enterprises Inc.&nbsp;and Dollar Tree Inc..</p><p><blockquote>鉴于成本上升和供应链中断，不同行业的许多公司已经下调了指引，如联邦快递公司、如新企业公司和美元树公司..</blockquote></p><p> Third-quarter earnings season kicks off in earnest next week, with aggregate earnings per share of the S&amp;P 500 companies&nbsp;expected to show year-over-year growth in earnings per share of about 27% and in sales of about 15%.</p><p><blockquote>第三季度财报季将于下周正式拉开帷幕，标普500公司的每股总收益预计将同比增长约27%，销售额增长约15%。</blockquote></p><p> “Pricing power should be an even more important theme for relative returns with surging shipping costs, rising raw materials, supply chain issues and accelerating wage growth,” UBS strategists wrote in a note to clients this week.</p><p><blockquote>“瑞银策略师在本周给客户的一份报告中写道：”随着运输成本飙升、原材料价格上涨、供应链问题和工资增长加速，定价权应该成为相对回报的一个更加重要的主题。</blockquote></p><p> So the strategists, led by Keith Parker, asked UBS analysts across 33 industries to identify companies with the strongest relative pricing power. The analysts were also asked to pick out companies that scored in the top third of their respective sectors based on UBS Equity Strategy’s composite score for pricing power, margin momentum and input cost exposure; have “buy” ratings; and have stocks with at least 10% upside potential to their respective price targets.</p><p><blockquote>因此，以基思·帕克为首的策略师要求瑞银33个行业的分析师找出相对定价能力最强的公司。分析师们还被要求根据瑞银股票策略公司（UBS Equity Strategy）对定价权、利润率动量和投入成本敞口的综合评分，选出在各自行业中得分排名前三分之一的公司；给予“买入”评级；并拥有较各自价格目标至少有 10% 上涨潜力的股票。</blockquote></p><p> Here are 10 “high conviction, strong pricing power stocks” on UBS’s list that have at least 20% upside to the analysts’ stock price targets, in alphabetical order:</p><p><blockquote>以下是瑞银名单上的 10 只 “高信念、定价强劲的股票 ”，它们比分析师的目标股价至少有 20% 的上涨空间，按字母顺序排列：</blockquote></p><p> <ul>  <li>Advance Auto Parts Inc.,with a price target of $255, which implies an upside of about 21% to prices in afternoon trading Wednesday. Analyst Michael Lasser said he believes the auto parts company’s (AAP) aftermarket fundamentals are in a strong position, and that a gradual increase in mobility and a return to working in offices should drive further recovery in vehicle miles traveled.</li> </ul> “The auto parts sector traditionally has strong pricing power, with an ability to pass along price increases to customers,” Lasser wrote. “Plus, AAP also have the largest exposure to the commercial segment of the market, which is viewed even more favorably.”</p><p><blockquote><ul><li>Advance Auto Parts Inc.，目标价为 255 美元，这意味着周三下午交易中的价格上涨约 21%。分析师迈克尔-拉瑟（Michael Lasser）说，他认为这家汽车零部件公司（AAP）的售后市场基本面处于强势地位，流动性的逐步提高和办公室工作的回归应该会推动车辆行驶里程的进一步恢复。</li></ul>“拉瑟写道：”汽车零部件行业历来拥有强大的定价权，有能力将价格上涨转嫁给客户。“此外，AAP 在商业市场领域也拥有最大的曝光率，这一点被视为更有利”。</blockquote></p><p> <ul>  <li>Apple Inc.,which has a price target of $175 that implies 24% upside. Analyst David Vogt said the combination of its technological capability, supported by its retention metrics from UBS surveys that indicate high customer satisfaction for Apple products, suggests the PC and smartphone giant’s brand equity should drive adoption in the battery-electric-vehicle (BEV) market.</li> </ul> “End-market demand has been improving year-over-year, leading to elevated ‘wait times’ despite increased product procurement/production,” Vogt wrote. Regarding the BEV market, Vogt said that while Apple isn’t a first mover, “its significant resources should enable the company to be a ‘fast follower,'” similar to when it entered the smartphone market in 2007.</p><p><blockquote><ul><li>苹果公司，其目标价为 175 美元，这意味着 24% 的上涨空间。分析师大卫-沃格特（David Vogt）说，瑞银调查显示客户对苹果产品的满意度很高，这表明这家个人电脑和智能手机巨头的品牌资产应该会推动电池电动汽车（BEV）市场的采用。</li></ul>“沃格特写道：”尽管产品采购/生产有所增加，但终端市场需求逐年改善，导致'等待时间'延长。关于纯电动汽车市场，沃格特说，虽然苹果不是先行者，但 “其丰富的资源应该能使该公司成为一个'快速追随者'”，类似于 2007 年进入智能手机市场时的情况。</blockquote></p><p> <ul>  <li>CME Group Inc.,with a price target of $245 implying 23% upside. Analyst Alex Kramm said the derivatives trading platform benefits from global expansion, innovation, adoption of options and pricing. And he believes regulation could provide a tailwind to growth.</li> </ul> “As primarily a U.S. futures business, CME enjoys the highest barriers of entry in the space,” Kramm wrote.</p><p><blockquote><ul><li>芝商所集团公司，目标价为 245 美元，意味着 23% 的上涨空间。分析师亚历克斯·克拉姆表示，衍生品交易平台受益于全球扩张、创新、期权的采用和定价。他认为监管可以为增长提供推动力。</li></ul>“克拉姆写道：”作为一家主要从事美国期货业务的公司，芝加哥商品交易所在该领域享有最高的准入门槛。</blockquote></p><p> <ul>  <li>Danaher Corp.&nbsp;has a price target of $365, which implies 22% upside. Analyst John Sourbeer believes the medical products and services company (DHR) is “very well positioned” within the life sciences tool and services sector, as COVID testing should hold up much better than peers and the vaccine and therapeutic opportunity appears durable.</li> </ul> “DHR sales engine is able to proactively identify areas of potential pricing pressure and [successfully] navigate customers to high-value product,” Sourbeer wrote.</p><p><blockquote><ul><li>丹纳赫公司的目标价为 365 美元，这意味着 22% 的上涨空间。分析师约翰-苏尔比尔（John Sourbeer）认为，这家医疗产品和服务公司（DHR）在生命科学工具和服务领域 “处于非常有利的地位”，因为 COVID 检测的表现应该比同行好得多，而且疫苗和治疗机会似乎是持久的。</li></ul>“Sourbeer 写道：”DHR 销售引擎能够主动识别潜在定价压力领域，并[成功]引导客户购买高价值产品。</blockquote></p><p></p><p> <ul>  <li>EOG Resources Inc.&nbsp;has a $119 stock price target that suggests 38% upside. Analyst Lloyd Byrne the oil and natural gas exploration company is well positioned to mitigate inflationary pressures expected next year given well costs that are expected to be flat to lower in 2022 because of reduced drilling days, the deployment of “super zipper fracs” and contracts negotiated at lower rates.</li> </ul> “Pricing power in commodity companies is difficult to achieve. Those that can hold margins by best controlling costs, though, are better positioned,” Byrne wrote. “EOG is better positioned than most by being proactive with input and service costs, while excelling in operations.”</p><p><blockquote><ul><li>EOG Resources Inc. 的目标股价为 119 美元，上涨空间为 38%。分析师劳埃德-伯恩（Lloyd Byrne）认为，由于钻井天数减少、部署 “超级拉链压裂 ”以及以较低的费率谈判的合同，预计 2022 年油井成本将持平甚至更低，因此这家石油和天然气勘探公司已做好充分准备，可以缓解明年预期的通胀压力。</li></ul>“大宗商品公司的定价权很难实现。不过，那些能够通过最好地控制成本来保持利润率的公司则处于更有利的地位，”伯恩写道。“与大多数公司相比，EOG 在投入和服务成本方面积极主动，同时在运营方面表现出色”。</blockquote></p><p> <ul>  <li>Extra Space Storage Inc.’s&nbsp;stock price target of $210 implies 24% upside. Analyst Michael Goldsmith said he believes strong underlying demand, in conjunction with decelerating supply growth, support rent growth.</li> </ul> “Strong demand for self storage and elevated occupancy rates, combined with its non-discretionary nature increased pricing power of the operators,” Goldsmith wrote. “Operators are flexing their pricing power to new customers, as well as existing customer rent increases every 9-12 months.”</p><p><blockquote><ul><li>Extra Space Storage Inc. 210 美元的目标股价意味着 24% 的上涨空间。分析师迈克尔·戈德史密斯表示，他认为强劲的潜在需求加上供应增长放缓，将支撑租金增长。</li></ul>“戈德史密斯写道：”对自助仓储的强劲需求和较高的入住率，再加上其非自由支配性质，增加了运营商的定价权。“运营商正在向新客户以及现有客户每 9-12 个月上涨一次租金”。</blockquote></p><p> <ul>  <li>Generac Holdings Inc.&nbsp;has a price target of $500, which implies 23% upside. Analyst Jon Windham believes the power generation equipment maker’s competitive edge lies in its customer acquisition platform, which should enable it to take market share from incumbents SolarEdge Technologies Inc.&nbsp;and Enphase Energy Inc..</li> </ul> “Dominant market share (~80%) and strong demand for home standby power have insulated already high residential product margins,” Windham wrote.</p><p><blockquote><ul><li>Generac Holdings Inc. 的目标价为 500 美元，这意味着 23% 的上涨空间。分析师乔恩-温德姆（Jon Windham）认为，这家发电设备制造商的竞争优势在于其客户获取平台，这将使其能够从现有的 SolarEdge Technologies Inc. 和 Enphase Energy Inc. 手中夺取市场份额。</li></ul>“温德姆写道：”占据主导地位的市场份额（约 80%）和对家庭备用电源的强劲需求使本已很高的住宅产品利润率隔绝开来。</blockquote></p><p> <ul>  <li>Nike Inc.’s&nbsp;price target of $185 implies 24% upside. Analyst Jay Sole said a UBS survey and pricing data reveal that the Nike brand currently is No. 1 in mindshare globally and the sports apparel and accessories company has significant room to reduce promotions.</li> </ul> “We believe the market doesn’t fully appreciate how Nike’s investments in product innovation, supply chain and e-commerce are working in concert to drive unit growth and [average selling price] increases,” Sole wrote.</p><p><blockquote><ul><li>耐克公司 185 美元的目标价意味着 24% 的上涨空间。分析师 Jay Sole 表示，瑞银的调查和定价数据显示，耐克品牌目前在全球心智份额中排名第一，这家运动服装和配饰公司还有很大的减少促销的空间。</li></ul>“索尔写道：”我们认为，市场并没有充分认识到耐克在产品创新、供应链和电子商务方面的投资是如何协同推动销量增长和[平均售价]上涨的。</blockquote></p><p> <ul>  <li>Salesforce.com Inc.&nbsp;has a stock price target of $330 that implies 20% upside potential. Analyst Karl Keirstead said the customer relationship management software company appears to be moving well beyond the previous era of limited operating margin expansion, and committing to boosting annual operating margins.</li> </ul> “Importantly, the drivers behind the improved margin outlook strike us as sustainable, with topline outperformance, a permanent shift towards WFH [work from home] and Zoom-based customer interactions, and renewed expense discipline internally…the three biggest drivers,” Keirstead wrote.</p><p><blockquote><ul><li>Salesforce.com Inc. 的目标股价为 330 美元，这意味着 20% 的上涨潜力。分析师 Karl Keirstead 表示，这家客户关系管理软件公司似乎已经远远超越了之前营业利润率扩张有限的时代，并致力于提高年度营业利润率。</li></ul>“Keirstead 写道：”重要的是，利润率前景改善背后的驱动因素在我们看来是可持续的，包括营收优异、向 WFH（在家工作）和基于 Zoom 的客户互动的永久转变，以及内部更新的费用纪律.这三大驱动因素。</blockquote></p><p> <ul>  <li>Teleflex Inc.’s price target of $480 implies 28% upside. Analyst Matthew Taylor said the medical technology products company makes a number of inexpensive products that fly under the radar, given them the opportunity to increase prices.</li> </ul> Taylor said he believes margins can go “significantly higher” over the long term, given the company’s leverage to both necessary and elective procedures, which should return quickly in a post-pandemic world.</p><p><blockquote><ul><li>Teleflex Inc. 480 美元的目标价意味着 28% 的上涨空间。分析师马修·泰勒 (Matthew Taylor) 表示，这家医疗技术产品公司生产了许多低调的廉价产品，因为它们有机会提高价格。</li></ul>泰勒说，他相信从长远来看，利润率可以 “大幅提高”，因为公司可以利用必要程序和选择性程序，而这些程序在后大流行病时代应该会很快恢复。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/here-are-10-high-conviction-stocks-of-companies-with-strong-pricing-power-and-at-least-20-upside-potential-to-ubs-targets-11633547178?mod=home-page\">MarketWatch</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SEDG":"SolarEdge Technologies, Inc.","AAPL":"苹果","FDX":"联邦快递","AEE":"阿曼瑞恩","CRM":"赛富时","USB":"美国合众银行","EXR":"Extra Space Storage Inc","CHTR":"特许通讯","NKE":"耐克","GNRC":"Generac控股","AAP":"Advance Auto Parts Inc","CME":"芝加哥商品交易所","DHR":"丹纳赫","KO":"可口可乐","NUS":"如新集团","DLTR":"美元树公司","EOG":"依欧格资源","ENPH":"Enphase Energy","SBAC":"SBA通信"},"source_url":"https://www.marketwatch.com/story/here-are-10-high-conviction-stocks-of-companies-with-strong-pricing-power-and-at-least-20-upside-potential-to-ubs-targets-11633547178?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2173948607","content_text":"UBS expects pricing power to be even more important as shipping, raw materials and wage costs surge\nGetty Images\nInflation and supply issues are among the buzziest words on Wall Street as the third-quarter earnings reporting season approaches, with investors waiting to see which companies were the best at managing surging cost pressures and shipping disruptions.\nUBS strategists believe one of the best ways to deal with these headwinds is for a company to raise prices, but not all companies can do so by enough to make a real difference without losing customers.\nA number of companies in different sectors have already cut forward guidance, given rising costs and supply-chain disruptions, such as FedEx Corp.,Nu Skin Enterprises Inc. and Dollar Tree Inc..\nThird-quarter earnings season kicks off in earnest next week, with aggregate earnings per share of the S&P 500 companies expected to show year-over-year growth in earnings per share of about 27% and in sales of about 15%.\n“Pricing power should be an even more important theme for relative returns with surging shipping costs, rising raw materials, supply chain issues and accelerating wage growth,” UBS strategists wrote in a note to clients this week.\nSo the strategists, led by Keith Parker, asked UBS analysts across 33 industries to identify companies with the strongest relative pricing power. The analysts were also asked to pick out companies that scored in the top third of their respective sectors based on UBS Equity Strategy’s composite score for pricing power, margin momentum and input cost exposure; have “buy” ratings; and have stocks with at least 10% upside potential to their respective price targets.\nHere are 10 “high conviction, strong pricing power stocks” on UBS’s list that have at least 20% upside to the analysts’ stock price targets, in alphabetical order:\n\nAdvance Auto Parts Inc.,with a price target of $255, which implies an upside of about 21% to prices in afternoon trading Wednesday. Analyst Michael Lasser said he believes the auto parts company’s (AAP) aftermarket fundamentals are in a strong position, and that a gradual increase in mobility and a return to working in offices should drive further recovery in vehicle miles traveled.\n\n“The auto parts sector traditionally has strong pricing power, with an ability to pass along price increases to customers,” Lasser wrote. “Plus, AAP also have the largest exposure to the commercial segment of the market, which is viewed even more favorably.”\n\nApple Inc.,which has a price target of $175 that implies 24% upside. Analyst David Vogt said the combination of its technological capability, supported by its retention metrics from UBS surveys that indicate high customer satisfaction for Apple products, suggests the PC and smartphone giant’s brand equity should drive adoption in the battery-electric-vehicle (BEV) market.\n\n“End-market demand has been improving year-over-year, leading to elevated ‘wait times’ despite increased product procurement/production,” Vogt wrote. Regarding the BEV market, Vogt said that while Apple isn’t a first mover, “its significant resources should enable the company to be a ‘fast follower,'” similar to when it entered the smartphone market in 2007.\n\nCME Group Inc.,with a price target of $245 implying 23% upside. Analyst Alex Kramm said the derivatives trading platform benefits from global expansion, innovation, adoption of options and pricing. And he believes regulation could provide a tailwind to growth.\n\n“As primarily a U.S. futures business, CME enjoys the highest barriers of entry in the space,” Kramm wrote.\n\nDanaher Corp. has a price target of $365, which implies 22% upside. Analyst John Sourbeer believes the medical products and services company (DHR) is “very well positioned” within the life sciences tool and services sector, as COVID testing should hold up much better than peers and the vaccine and therapeutic opportunity appears durable.\n\n“DHR sales engine is able to proactively identify areas of potential pricing pressure and [successfully] navigate customers to high-value product,” Sourbeer wrote.\n\nEOG Resources Inc. has a $119 stock price target that suggests 38% upside. Analyst Lloyd Byrne the oil and natural gas exploration company is well positioned to mitigate inflationary pressures expected next year given well costs that are expected to be flat to lower in 2022 because of reduced drilling days, the deployment of “super zipper fracs” and contracts negotiated at lower rates.\n\n“Pricing power in commodity companies is difficult to achieve. Those that can hold margins by best controlling costs, though, are better positioned,” Byrne wrote. “EOG is better positioned than most by being proactive with input and service costs, while excelling in operations.”\n\nExtra Space Storage Inc.’s stock price target of $210 implies 24% upside. Analyst Michael Goldsmith said he believes strong underlying demand, in conjunction with decelerating supply growth, support rent growth.\n\n“Strong demand for self storage and elevated occupancy rates, combined with its non-discretionary nature increased pricing power of the operators,” Goldsmith wrote. “Operators are flexing their pricing power to new customers, as well as existing customer rent increases every 9-12 months.”\n\nGenerac Holdings Inc. has a price target of $500, which implies 23% upside. Analyst Jon Windham believes the power generation equipment maker’s competitive edge lies in its customer acquisition platform, which should enable it to take market share from incumbents SolarEdge Technologies Inc. and Enphase Energy Inc..\n\n“Dominant market share (~80%) and strong demand for home standby power have insulated already high residential product margins,” Windham wrote.\n\nNike Inc.’s price target of $185 implies 24% upside. Analyst Jay Sole said a UBS survey and pricing data reveal that the Nike brand currently is No. 1 in mindshare globally and the sports apparel and accessories company has significant room to reduce promotions.\n\n“We believe the market doesn’t fully appreciate how Nike’s investments in product innovation, supply chain and e-commerce are working in concert to drive unit growth and [average selling price] increases,” Sole wrote.\n\nSalesforce.com Inc. has a stock price target of $330 that implies 20% upside potential. Analyst Karl Keirstead said the customer relationship management software company appears to be moving well beyond the previous era of limited operating margin expansion, and committing to boosting annual operating margins.\n\n“Importantly, the drivers behind the improved margin outlook strike us as sustainable, with topline outperformance, a permanent shift towards WFH [work from home] and Zoom-based customer interactions, and renewed expense discipline internally…the three biggest drivers,” Keirstead wrote.\n\nTeleflex Inc.’s price target of $480 implies 28% upside. Analyst Matthew Taylor said the medical technology products company makes a number of inexpensive products that fly under the radar, given them the opportunity to increase prices.\n\nTaylor said he believes margins can go “significantly higher” over the long term, given the company’s leverage to both necessary and elective procedures, which should return quickly in a post-pandemic world.","news_type":1,"symbols_score_info":{"CME":0.9,"DHR":0.9,"ENPH":0.9,"AEE":0.9,"SEDG":0.9,"AAPL":0.9,"EXR":0.9,"AAP":0.9,"DLTR":0.9,"GNRC":0.9,"NKE":0.9,"CHTR":0.9,"KO":0.9,"NUS":0.9,"CRM":0.9,"SBAC":0.9,"USB":0.9,"EOG":0.9,"FDX":0.9}},"isVote":1,"tweetType":1,"viewCount":698,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":856442341,"gmtCreate":1635209689096,"gmtModify":1635209884875,"author":{"id":"3583641915640836","authorId":"3583641915640836","name":"4872be6","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583641915640836","idStr":"3583641915640836"},"themes":[],"title":"","htmlText":"Comment&nbsp;","listText":"Comment&nbsp;","text":"Comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/856442341","repostId":"1182426097","repostType":4,"isVote":1,"tweetType":1,"viewCount":1251,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":805820416,"gmtCreate":1627870738035,"gmtModify":1633755752756,"author":{"id":"3583641915640836","authorId":"3583641915640836","name":"4872be6","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583641915640836","idStr":"3583641915640836"},"themes":[],"title":"","htmlText":"Liked","listText":"Liked","text":"Liked","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":11,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/805820416","repostId":"1170689665","repostType":4,"repost":{"id":"1170689665","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1627857540,"share":"https://www.laohunote.com/m/news/1170689665?lang=zh_CN&edition=full","pubTime":"2021-08-02 06:39","market":"us","language":"en","title":"Alibaba,Uber, DraftKings, GM, Roku, EA, ViacomCBS, and Other Stocks for Investors to Watch This Week<blockquote>阿里巴巴、Uber、DraftKings、通用汽车、Roku、EA、维亚康姆哥伦比亚广播公司和其他投资者本周值得关注的股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1170689665","media":"Tiger Newspress","summary":"The parade of second-quarter results continues this week. No fewer than 143 S&P 500 companies are on deck to report, in addition to hundreds of small caps. Ferrari, Vornado Realty Trust, Take-Two Interactive Software, and Simon Property Group will get the ball rolling on Monday. Then Lyft, Alibaba Group Holding, Nikola, Under Armour, Eli Lilly, and ConocoPhillips release their results on Tuesday.Wednesday will be particularly busy:General Motors,Uber Technologies,Etsy,Electronic Arts,Western Dig","content":"<p>The parade of second-quarter results continues this week. No fewer than 143 S&amp;P 500 companies are on deck to report, in addition to hundreds of small caps. Ferrari, Vornado Realty Trust, Take-Two Interactive Software, and Simon Property Group will get the ball rolling on Monday. Then Lyft, Alibaba Group Holding, Nikola, Under Armour, Eli Lilly, and ConocoPhillips release their results on Tuesday.</p><p><blockquote>第二季度业绩游行本周继续。除了数百家小盘股公司外，还有不少于 143 家标普500公司正在提交报告。法拉利、Vornado Realty Trust、Take-Two Interactive Software 和 Simon Property Group 将于周一启动。随后，Lyft、阿里巴巴-SW集团控股公司、尼古拉、安德玛、礼来公司和康菲石油公司将于周二发布业绩。</blockquote></p><p> Wednesday will be particularly busy:General Motors,Uber Technologies,Etsy,Electronic Arts,Western Digital,Roku,CVS Health,Kraft Heinz, and SoftBank all report.Beyond Meat,Yelp,Wayfair, Moderna, and&nbsp;ViacomCBS&nbsp;go on Thursday and&nbsp;DraftKings,Canopy Growth,and Tripadvisor will close the week on Friday.Chinese Education Corporation&nbsp;New Oriental Education &amp; Technology Group Inc. and&nbsp;TAL Education Group&nbsp;cancels scheduled earnings release and earnings call.</p><p><blockquote>周三将特别繁忙：通用汽车、优步科技、Etsy、艺电、西部数据、Roku、CVS Health、卡夫亨氏和软银均有报道。Beyond Meat、Yelp、Wayfair、Moderna 和 ViacomCBS 将于周四关闭，DraftKings、Canopy Growth 和 Tripadvisor 将于周五关闭本周。中国教育公司新东方教育科技集团公司和好未来教育集团取消了原定的财报发布和财报看涨期权。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/94057bf11ca8d7311db6c075ba98727b\" tg-width=\"1706\" tg-height=\"740\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> The highlight on the&nbsp;economic&nbsp;calendar this week will be Jobs Friday. The Bureau of Labor Statistics is expected to show a gain of 625,000 nonfarm payrolls in July, following June’s 850,000. The unemployment rate is seen holding just below 6%.</p><p><blockquote>本周经济日历上的亮点将是周五的就业。美国劳工统计局（Bureau of Labor Statistics）预计，继 6 月份的 85 万人之后，7 月份非农就业人数将增加 62.5 万人。失业率略低于6%。</blockquote></p><p> Other data out this week include the Institute for Supply Management’s Manufacturing Purchasing Managers’ Index for July on Monday, followed by the Services equivalent on Wednesday. Both measures of economic activity are forecast to come in at around 61, which would signify strong expansion.</p><p><blockquote>本周公布的其他数据包括周一公布的美国供应管理协会（Institute for Supply Management）7 月份制造业采购经理人指数，随后是周三公布的服务业同等指数。这两项经济活动指标预计都将达到 61 左右，这将意味着强劲的扩张。</blockquote></p><p> <b>Monday 8/2</b></p><p><blockquote><b>星期一 8/2</b></blockquote></p><p> CNA Financial,Global Payments,JELD-WEN Holding,Loews,Arista Networks,Leggett &amp; Platt,Vornado Realty Trust, ZoomInfo Technologies, Woodward, Take-Two Interactive Software, Heineken, Trex, Ferrari,Ultra Clean Holdings,and Simon Property Group are expected to release financial results.</p><p><blockquote>CNA Financial、Global Payments、JELD-WEN Holding、Loews、Arista Networks、Leggett &amp; Platt、Vornado Realty Trust、ZoomInfo Technologies、Woodward、Take-Two Interactive Software、Heineken、Trex、Ferrari、Ultra Clean Holdings 和 Simon Property Group 预计将发布财务业绩。</blockquote></p><p> GE stock&nbsp;will open for trading Monday at about $104 a share, after closing Friday at $12.95. The company completed its 1-for-8 reverse stock split Friday evening.</p><p><blockquote>通用电气股票周一开盘价约为每股 104 美元，周五收盘价为 12.95 美元。该公司于周五晚上完成了 1 比 8 的反向股票分割。</blockquote></p><p> <b>The Institute for Supply</b>&nbsp;Management releases its Manufacturing Purchasing Managers’ Index for July. Consensus estimate is for a 60.8 reading, up from 60.6 in June.</p><p><blockquote><b>供应研究所</b>管理层发布 7 月份制造业采购经理人指数。普遍估计读数为 60.8，高于 6 月份的 60.6。</blockquote></p><p> <b>The Census Bureau</b>&nbsp;reports construction spending for June. Expectations are for a 0.4% month-over-month rise, after a 0.3% decline in May.</p><p><blockquote><b>人口普查局</b>报告6月份的建筑支出。继 5 月份下降 0.3% 后，预计环比增长 0.4%。</blockquote></p><p> <b>Tuesday 8/3</b></p><p><blockquote><b>星期二 8/3</b></blockquote></p><p> Eaton, BP, Under Armour, Lyft,Clorox,Amgen,Akamai Technologies,Cummins, Eli Lilly, Alibaba Group Holding, Nikola, EnPro Industries,Warner Music Group,Pitney Bowes,Tennant,Phillips 66,KKR,Gartner,Henry Schein,Dun &amp; Bradstreet Holdings,ConocoPhillips, and&nbsp;Jacobs Engineering Grouphost conference calls to discuss financial results.</p><p><blockquote>伊顿、英国石油公司、安德玛、Lyft、高乐氏、安进、Akamai Technologies、康明斯、礼来公司、阿里巴巴-SW集团控股公司、Nikola、EnPro Industries、华纳音乐集团、Pitney Bowes、Tennant、Phillips 66、KKR、Gartner、Henry Schein、邓白氏控股公司、康菲石油公司和 Jacobs Engineering Group 在评级举办会议讨论财务业绩。</blockquote></p><p> <b>The Census Bureau</b>&nbsp;is slated to report factory orders for June. Economists predict that orders increased 1.0% during the month, compared with a 1.7% rise in May.</p><p><blockquote><b>人口普查局</b>预计将报告六月份的工厂订单。经济学家预测，本月订单增长1.0%，而5月份增长1.7%。</blockquote></p><p> <b>Wednesday 8/4</b></p><p><blockquote><b>星期三 8/4</b></blockquote></p><p> Sony Group,CVS Health, Kraft Heinz, SoftBank, General Motors, Progressive, Etsy, Electronic Arts, Western Digital, Uber Technologies, Roku,MGM Resorts International,Fox, and Re/Max Holdings are expected to host earnings calls.</p><p><blockquote>索尼集团、CVS Health、卡夫亨氏、软银、通用汽车、Progressive、Etsy、艺电、西部数据、Uber Technologies、Roku、米高梅国际酒店集团、福克斯和 Re/Max Holdings 预计将主办财报评级。</blockquote></p><p> <b>The Bureau of Economic</b>&nbsp;Analysis reports light-vehicle sales for July. Expectations call for a seasonally adjusted annual rate of 15.3 million vehicles, versus 15.4 million in June.</p><p><blockquote><b>经济局</b>分析报告 7 月份轻型汽车销量。预计看涨期权经季节性调整后的年增长率为 1530 万辆，而 6 月份为 1540 万辆。</blockquote></p><p> <b>The ISM releases</b>&nbsp;its Services PMI for July. Consensus estimate is for a 60.8 reading, compared with June’s 60.1.</p><p><blockquote><b>ISM发布</b>7月份服务业采购经理人指数。一致估计读数为 60.8，而 6 月份的读数为 60.1。</blockquote></p><p> <b>ADP releases</b>&nbsp;its National Employment report for July. Consensus estimate is for a 635,000 gain in nonfarm private-sector employment, following an increase of 692,000 in June.</p><p><blockquote><b>ADP释放</b>其7月份的全国就业报告。普遍估计，继 6 月份增加 692,000 人之后，非农私营部门就业人数将增加 635,000 人。</blockquote></p><p> <b>Thursday 8/5</b></p><p><blockquote><b>星期四 8/5</b></blockquote></p><p> Zillow Group,Beyond Meat, Yelp, Wayfair, Kellogg,Bayer,HanesBrands, Moderna,Regeneron Pharmaceuticals,Switch,Cushman &amp; Wakefield,ViacomCBS,Cigna,Duke Energy,Square,News Corp,and&nbsp;Siemensare expected to report financial results.</p><p><blockquote>Zillow Group、Beyond Meat、Yelp、Wayfair、Kellogg、Bayer、HanesBrands、Moderna、Regeneron Pharmaceuticals、Switch、Cushman &amp; Wakefield、ViacomCBS、Cigna、Duke Energy、Square、新闻集团和西门子预计将公布财务业绩。</blockquote></p><p> Friday 8/6</p><p><blockquote>星期五 8/6</blockquote></p><p> <b>The BLS releases the jobs report</b>&nbsp;for July. Economists forecast a 800,000 rise in nonfarm payrolls, after an 850,000 gain in June. The unemployment rate is expected to edge down to 5.8% from 5.9%.</p><p><blockquote><b>BLS 发布就业报告</b>七月。经济学家预测，继6月份增加85万人之后，非农就业人数将增加80万人。失业率预计将从5.9%小幅降至5.8%。</blockquote></p><p> DraftKings,Dominion Energy,Gannett,MGM Growth Properties,AMC Networks,Canopy Growth, Tripadvisor,Spectrum Brands Holdings,E.W. Scripps,Cinemark Holdings, and Manitowoc host conference calls to discuss financial results.</p><p><blockquote>DraftKings、Dominion Energy、Gannett、MGM Growth Properties、AMC Networks、Canopy Growth、Tripadvisor、Spectrum Brands Holdings、E.W。Scripps、Cinemark Holdings 和 Manitowoc 主办评级会议讨论财务业绩。</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>Alibaba,Uber, DraftKings, GM, Roku, EA, ViacomCBS, and Other Stocks for Investors to Watch This Week<blockquote>阿里巴巴、Uber、DraftKings、通用汽车、Roku、EA、维亚康姆哥伦比亚广播公司和其他投资者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\">\nAlibaba,Uber, DraftKings, GM, Roku, EA, ViacomCBS, and Other Stocks for Investors to Watch This Week<blockquote>阿里巴巴、Uber、DraftKings、通用汽车、Roku、EA、维亚康姆哥伦比亚广播公司和其他投资者本周值得关注的股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-08-02 06:39</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>The parade of second-quarter results continues this week. No fewer than 143 S&amp;P 500 companies are on deck to report, in addition to hundreds of small caps. Ferrari, Vornado Realty Trust, Take-Two Interactive Software, and Simon Property Group will get the ball rolling on Monday. Then Lyft, Alibaba Group Holding, Nikola, Under Armour, Eli Lilly, and ConocoPhillips release their results on Tuesday.</p><p><blockquote>第二季度业绩游行本周继续。除了数百家小盘股公司外，还有不少于 143 家标普500公司正在提交报告。法拉利、Vornado Realty Trust、Take-Two Interactive Software 和 Simon Property Group 将于周一启动。随后，Lyft、阿里巴巴-SW集团控股公司、尼古拉、安德玛、礼来公司和康菲石油公司将于周二发布业绩。</blockquote></p><p> Wednesday will be particularly busy:General Motors,Uber Technologies,Etsy,Electronic Arts,Western Digital,Roku,CVS Health,Kraft Heinz, and SoftBank all report.Beyond Meat,Yelp,Wayfair, Moderna, and&nbsp;ViacomCBS&nbsp;go on Thursday and&nbsp;DraftKings,Canopy Growth,and Tripadvisor will close the week on Friday.Chinese Education Corporation&nbsp;New Oriental Education &amp; Technology Group Inc. and&nbsp;TAL Education Group&nbsp;cancels scheduled earnings release and earnings call.</p><p><blockquote>周三将特别繁忙：通用汽车、优步科技、Etsy、艺电、西部数据、Roku、CVS Health、卡夫亨氏和软银均有报道。Beyond Meat、Yelp、Wayfair、Moderna 和 ViacomCBS 将于周四关闭，DraftKings、Canopy Growth 和 Tripadvisor 将于周五关闭本周。中国教育公司新东方教育科技集团公司和好未来教育集团取消了原定的财报发布和财报看涨期权。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/94057bf11ca8d7311db6c075ba98727b\" tg-width=\"1706\" tg-height=\"740\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> The highlight on the&nbsp;economic&nbsp;calendar this week will be Jobs Friday. The Bureau of Labor Statistics is expected to show a gain of 625,000 nonfarm payrolls in July, following June’s 850,000. The unemployment rate is seen holding just below 6%.</p><p><blockquote>本周经济日历上的亮点将是周五的就业。美国劳工统计局（Bureau of Labor Statistics）预计，继 6 月份的 85 万人之后，7 月份非农就业人数将增加 62.5 万人。失业率略低于6%。</blockquote></p><p> Other data out this week include the Institute for Supply Management’s Manufacturing Purchasing Managers’ Index for July on Monday, followed by the Services equivalent on Wednesday. Both measures of economic activity are forecast to come in at around 61, which would signify strong expansion.</p><p><blockquote>本周公布的其他数据包括周一公布的美国供应管理协会（Institute for Supply Management）7 月份制造业采购经理人指数，随后是周三公布的服务业同等指数。这两项经济活动指标预计都将达到 61 左右，这将意味着强劲的扩张。</blockquote></p><p> <b>Monday 8/2</b></p><p><blockquote><b>星期一 8/2</b></blockquote></p><p> CNA Financial,Global Payments,JELD-WEN Holding,Loews,Arista Networks,Leggett &amp; Platt,Vornado Realty Trust, ZoomInfo Technologies, Woodward, Take-Two Interactive Software, Heineken, Trex, Ferrari,Ultra Clean Holdings,and Simon Property Group are expected to release financial results.</p><p><blockquote>CNA Financial、Global Payments、JELD-WEN Holding、Loews、Arista Networks、Leggett &amp; Platt、Vornado Realty Trust、ZoomInfo Technologies、Woodward、Take-Two Interactive Software、Heineken、Trex、Ferrari、Ultra Clean Holdings 和 Simon Property Group 预计将发布财务业绩。</blockquote></p><p> GE stock&nbsp;will open for trading Monday at about $104 a share, after closing Friday at $12.95. The company completed its 1-for-8 reverse stock split Friday evening.</p><p><blockquote>通用电气股票周一开盘价约为每股 104 美元，周五收盘价为 12.95 美元。该公司于周五晚上完成了 1 比 8 的反向股票分割。</blockquote></p><p> <b>The Institute for Supply</b>&nbsp;Management releases its Manufacturing Purchasing Managers’ Index for July. Consensus estimate is for a 60.8 reading, up from 60.6 in June.</p><p><blockquote><b>供应研究所</b>管理层发布 7 月份制造业采购经理人指数。普遍估计读数为 60.8，高于 6 月份的 60.6。</blockquote></p><p> <b>The Census Bureau</b>&nbsp;reports construction spending for June. Expectations are for a 0.4% month-over-month rise, after a 0.3% decline in May.</p><p><blockquote><b>人口普查局</b>报告6月份的建筑支出。继 5 月份下降 0.3% 后，预计环比增长 0.4%。</blockquote></p><p> <b>Tuesday 8/3</b></p><p><blockquote><b>星期二 8/3</b></blockquote></p><p> Eaton, BP, Under Armour, Lyft,Clorox,Amgen,Akamai Technologies,Cummins, Eli Lilly, Alibaba Group Holding, Nikola, EnPro Industries,Warner Music Group,Pitney Bowes,Tennant,Phillips 66,KKR,Gartner,Henry Schein,Dun &amp; Bradstreet Holdings,ConocoPhillips, and&nbsp;Jacobs Engineering Grouphost conference calls to discuss financial results.</p><p><blockquote>伊顿、英国石油公司、安德玛、Lyft、高乐氏、安进、Akamai Technologies、康明斯、礼来公司、阿里巴巴-SW集团控股公司、Nikola、EnPro Industries、华纳音乐集团、Pitney Bowes、Tennant、Phillips 66、KKR、Gartner、Henry Schein、邓白氏控股公司、康菲石油公司和 Jacobs Engineering Group 在评级举办会议讨论财务业绩。</blockquote></p><p> <b>The Census Bureau</b>&nbsp;is slated to report factory orders for June. Economists predict that orders increased 1.0% during the month, compared with a 1.7% rise in May.</p><p><blockquote><b>人口普查局</b>预计将报告六月份的工厂订单。经济学家预测，本月订单增长1.0%，而5月份增长1.7%。</blockquote></p><p> <b>Wednesday 8/4</b></p><p><blockquote><b>星期三 8/4</b></blockquote></p><p> Sony Group,CVS Health, Kraft Heinz, SoftBank, General Motors, Progressive, Etsy, Electronic Arts, Western Digital, Uber Technologies, Roku,MGM Resorts International,Fox, and Re/Max Holdings are expected to host earnings calls.</p><p><blockquote>索尼集团、CVS Health、卡夫亨氏、软银、通用汽车、Progressive、Etsy、艺电、西部数据、Uber Technologies、Roku、米高梅国际酒店集团、福克斯和 Re/Max Holdings 预计将主办财报评级。</blockquote></p><p> <b>The Bureau of Economic</b>&nbsp;Analysis reports light-vehicle sales for July. Expectations call for a seasonally adjusted annual rate of 15.3 million vehicles, versus 15.4 million in June.</p><p><blockquote><b>经济局</b>分析报告 7 月份轻型汽车销量。预计看涨期权经季节性调整后的年增长率为 1530 万辆，而 6 月份为 1540 万辆。</blockquote></p><p> <b>The ISM releases</b>&nbsp;its Services PMI for July. Consensus estimate is for a 60.8 reading, compared with June’s 60.1.</p><p><blockquote><b>ISM发布</b>7月份服务业采购经理人指数。一致估计读数为 60.8，而 6 月份的读数为 60.1。</blockquote></p><p> <b>ADP releases</b>&nbsp;its National Employment report for July. Consensus estimate is for a 635,000 gain in nonfarm private-sector employment, following an increase of 692,000 in June.</p><p><blockquote><b>ADP释放</b>其7月份的全国就业报告。普遍估计，继 6 月份增加 692,000 人之后，非农私营部门就业人数将增加 635,000 人。</blockquote></p><p> <b>Thursday 8/5</b></p><p><blockquote><b>星期四 8/5</b></blockquote></p><p> Zillow Group,Beyond Meat, Yelp, Wayfair, Kellogg,Bayer,HanesBrands, Moderna,Regeneron Pharmaceuticals,Switch,Cushman &amp; Wakefield,ViacomCBS,Cigna,Duke Energy,Square,News Corp,and&nbsp;Siemensare expected to report financial results.</p><p><blockquote>Zillow Group、Beyond Meat、Yelp、Wayfair、Kellogg、Bayer、HanesBrands、Moderna、Regeneron Pharmaceuticals、Switch、Cushman &amp; Wakefield、ViacomCBS、Cigna、Duke Energy、Square、新闻集团和西门子预计将公布财务业绩。</blockquote></p><p> Friday 8/6</p><p><blockquote>星期五 8/6</blockquote></p><p> <b>The BLS releases the jobs report</b>&nbsp;for July. Economists forecast a 800,000 rise in nonfarm payrolls, after an 850,000 gain in June. The unemployment rate is expected to edge down to 5.8% from 5.9%.</p><p><blockquote><b>BLS 发布就业报告</b>七月。经济学家预测，继6月份增加85万人之后，非农就业人数将增加80万人。失业率预计将从5.9%小幅降至5.8%。</blockquote></p><p> DraftKings,Dominion Energy,Gannett,MGM Growth Properties,AMC Networks,Canopy Growth, Tripadvisor,Spectrum Brands Holdings,E.W. Scripps,Cinemark Holdings, and Manitowoc host conference calls to discuss financial results.</p><p><blockquote>DraftKings、Dominion Energy、Gannett、MGM Growth Properties、AMC Networks、Canopy Growth、Tripadvisor、Spectrum Brands Holdings、E.W。Scripps、Cinemark Holdings 和 Manitowoc 主办评级会议讨论财务业绩。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ROKU":"Roku Inc",".IXIC":"NASDAQ Composite","BABA":"阿里巴巴","GE":"GE航空航天","DKNG":"DraftKings Inc.",".SPX":"S&P 500 Index",".DJI":"道琼斯","GM":"通用汽车","UBER":"优步","EA":"艺电"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1170689665","content_text":"The parade of second-quarter results continues this week. No fewer than 143 S&P 500 companies are on deck to report, in addition to hundreds of small caps. Ferrari, Vornado Realty Trust, Take-Two Interactive Software, and Simon Property Group will get the ball rolling on Monday. Then Lyft, Alibaba Group Holding, Nikola, Under Armour, Eli Lilly, and ConocoPhillips release their results on Tuesday.\nWednesday will be particularly busy:General Motors,Uber Technologies,Etsy,Electronic Arts,Western Digital,Roku,CVS Health,Kraft Heinz, and SoftBank all report.Beyond Meat,Yelp,Wayfair, Moderna, and ViacomCBS go on Thursday and DraftKings,Canopy Growth,and Tripadvisor will close the week on Friday.Chinese Education Corporation New Oriental Education & Technology Group Inc. and TAL Education Group cancels scheduled earnings release and earnings call.\n\nThe highlight on the economic calendar this week will be Jobs Friday. The Bureau of Labor Statistics is expected to show a gain of 625,000 nonfarm payrolls in July, following June’s 850,000. The unemployment rate is seen holding just below 6%.\nOther data out this week include the Institute for Supply Management’s Manufacturing Purchasing Managers’ Index for July on Monday, followed by the Services equivalent on Wednesday. Both measures of economic activity are forecast to come in at around 61, which would signify strong expansion.\nMonday 8/2\nCNA Financial,Global Payments,JELD-WEN Holding,Loews,Arista Networks,Leggett & Platt,Vornado Realty Trust, ZoomInfo Technologies, Woodward, Take-Two Interactive Software, Heineken, Trex, Ferrari,Ultra Clean Holdings,and Simon Property Group are expected to release financial results.\nGE stock will open for trading Monday at about $104 a share, after closing Friday at $12.95. The company completed its 1-for-8 reverse stock split Friday evening.\nThe Institute for Supply Management releases its Manufacturing Purchasing Managers’ Index for July. Consensus estimate is for a 60.8 reading, up from 60.6 in June.\nThe Census Bureau reports construction spending for June. Expectations are for a 0.4% month-over-month rise, after a 0.3% decline in May.\nTuesday 8/3\nEaton, BP, Under Armour, Lyft,Clorox,Amgen,Akamai Technologies,Cummins, Eli Lilly, Alibaba Group Holding, Nikola, EnPro Industries,Warner Music Group,Pitney Bowes,Tennant,Phillips 66,KKR,Gartner,Henry Schein,Dun & Bradstreet Holdings,ConocoPhillips, and Jacobs Engineering Grouphost conference calls to discuss financial results.\nThe Census Bureau is slated to report factory orders for June. Economists predict that orders increased 1.0% during the month, compared with a 1.7% rise in May.\nWednesday 8/4\nSony Group,CVS Health, Kraft Heinz, SoftBank, General Motors, Progressive, Etsy, Electronic Arts, Western Digital, Uber Technologies, Roku,MGM Resorts International,Fox, and Re/Max Holdings are expected to host earnings calls.\nThe Bureau of Economic Analysis reports light-vehicle sales for July. Expectations call for a seasonally adjusted annual rate of 15.3 million vehicles, versus 15.4 million in June.\nThe ISM releases its Services PMI for July. Consensus estimate is for a 60.8 reading, compared with June’s 60.1.\nADP releases its National Employment report for July. Consensus estimate is for a 635,000 gain in nonfarm private-sector employment, following an increase of 692,000 in June.\nThursday 8/5\nZillow Group,Beyond Meat, Yelp, Wayfair, Kellogg,Bayer,HanesBrands, Moderna,Regeneron Pharmaceuticals,Switch,Cushman & Wakefield,ViacomCBS,Cigna,Duke Energy,Square,News Corp,and Siemensare expected to report financial results.\nFriday 8/6\nThe BLS releases the jobs report for July. Economists forecast a 800,000 rise in nonfarm payrolls, after an 850,000 gain in June. The unemployment rate is expected to edge down to 5.8% from 5.9%.\nDraftKings,Dominion Energy,Gannett,MGM Growth Properties,AMC Networks,Canopy Growth, Tripadvisor,Spectrum Brands Holdings,E.W. Scripps,Cinemark Holdings, and Manitowoc host conference calls to discuss financial results.","news_type":1,"symbols_score_info":{".SPX":0.9,".DJI":0.9,"GM":0.9,"VIAC":0.9,"DKNG":0.9,"GE":0.9,"EA":0.9,"UBER":0.9,"ROKU":0.9,"BABA":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":423,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":845922537,"gmtCreate":1636267871576,"gmtModify":1636267871804,"author":{"id":"3583641915640836","authorId":"3583641915640836","name":"4872be6","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583641915640836","idStr":"3583641915640836"},"themes":[],"title":"","htmlText":"Comment&nbsp;","listText":"Comment&nbsp;","text":"Comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/845922537","repostId":"2181374735","repostType":4,"isVote":1,"tweetType":1,"viewCount":4171,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":856907444,"gmtCreate":1635137212006,"gmtModify":1635137212241,"author":{"id":"3583641915640836","authorId":"3583641915640836","name":"4872be6","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583641915640836","idStr":"3583641915640836"},"themes":[],"title":"","htmlText":"Comment&nbsp;","listText":"Comment&nbsp;","text":"Comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/856907444","repostId":"1167039476","repostType":4,"isVote":1,"tweetType":1,"viewCount":843,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":123286207,"gmtCreate":1624424830209,"gmtModify":1634006287157,"author":{"id":"3583641915640836","authorId":"3583641915640836","name":"4872be6","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583641915640836","idStr":"3583641915640836"},"themes":[],"title":"","htmlText":"Like n commemt","listText":"Like n commemt","text":"Like n commemt","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/123286207","repostId":"2145069164","repostType":4,"isVote":1,"tweetType":1,"viewCount":692,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":822751129,"gmtCreate":1634173213309,"gmtModify":1634173213378,"author":{"id":"3583641915640836","authorId":"3583641915640836","name":"4872be6","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583641915640836","idStr":"3583641915640836"},"themes":[],"title":"","htmlText":"Liked","listText":"Liked","text":"Liked","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/822751129","repostId":"1189981923","repostType":4,"repost":{"id":"1189981923","kind":"news","pubTimestamp":1634172519,"share":"https://www.laohunote.com/m/news/1189981923?lang=zh_CN&edition=full","pubTime":"2021-10-14 08:48","market":"us","language":"en","title":"Occidental to sell two Ghana offshore fields in $750M deal<blockquote>西方石油公司将以 7.5 亿美元的价格出售两个加纳海上油田</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1189981923","media":"seekingalpha","summary":"Occidental Petroleum(NYSE:OXY)agrees to sell its interests in two Ghana offshore fields to Kosmos En","content":"<p><ul>  <li>Occidental Petroleum(NYSE:OXY)agrees to sell&nbsp;its interests in two Ghana offshore fields to Kosmos Energy(NYSE:KOS)and Ghana National Petroleum Corp. for a combined $750M.</li>  <li>The deal includes Occidental's stakes in both the Jubilee and TEN fields, whose combined net production totaled 22K boe/day in Q2.</li>  <li>\"Our divestiture program and free cash flow generation have enhanced our ability to reduce debt, as evidenced by the $4.5B we have repaid year to date,\" Occidental (OXY) says.</li>  <li>Seeking Alpha contributor Jonathan Weber thinks Occidental should benefit from rising oil prices, but \"it is not looking like a strong pick\" due to high valuations and a weak balance sheet.</li> </ul></p><p><blockquote><ul><li>西方石油公司 (NYSE:OXY) 同意以总计 7.5 亿美元的价格将其在加纳两个海上油田的权益出售给 Kosmos Energy (NYSE:KOS) 和加纳国家石油公司。</li><li>该交易包括西方石油公司在 Jubilee 和 TEN fields 的股份，这两个油田在第二季度的净产量总计为 22,000 桶油当量/天。</li><li>西方石油公司 (OXY) 表示：“我们的剥离计划和自由现金流产生增强了我们减少债务的能力，今年迄今为止我们已偿还 $4.5B 就证明了这一点。”</li><li>Seeking Alpha 撰稿人乔纳森·韦伯 (Jonathan Weber) 认为西方石油公司应该从油价上涨中受益，但由于估值高和资产负债表疲软，“它看起来不像一个强有力的选择”。</li></ul></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Occidental to sell two Ghana offshore fields in $750M deal<blockquote>西方石油公司将以 7.5 亿美元的价格出售两个加纳海上油田</blockquote></title>\n<style 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}\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOccidental to sell two Ghana offshore fields in $750M deal<blockquote>西方石油公司将以 7.5 亿美元的价格出售两个加纳海上油田</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">seekingalpha</strong><span class=\"h-time small\">2021-10-14 08:48</span>\n</p>\n</h4>\n</header>\n<article>\n<p><ul>  <li>Occidental Petroleum(NYSE:OXY)agrees to sell&nbsp;its interests in two Ghana offshore fields to Kosmos Energy(NYSE:KOS)and Ghana National Petroleum Corp. for a combined $750M.</li>  <li>The deal includes Occidental's stakes in both the Jubilee and TEN fields, whose combined net production totaled 22K boe/day in Q2.</li>  <li>\"Our divestiture program and free cash flow generation have enhanced our ability to reduce debt, as evidenced by the $4.5B we have repaid year to date,\" Occidental (OXY) says.</li>  <li>Seeking Alpha contributor Jonathan Weber thinks Occidental should benefit from rising oil prices, but \"it is not looking like a strong pick\" due to high valuations and a weak balance sheet.</li> </ul></p><p><blockquote><ul><li>西方石油公司 (NYSE:OXY) 同意以总计 7.5 亿美元的价格将其在加纳两个海上油田的权益出售给 Kosmos Energy (NYSE:KOS) 和加纳国家石油公司。</li><li>该交易包括西方石油公司在 Jubilee 和 TEN fields 的股份，这两个油田在第二季度的净产量总计为 22,000 桶油当量/天。</li><li>西方石油公司 (OXY) 表示：“我们的剥离计划和自由现金流产生增强了我们减少债务的能力，今年迄今为止我们已偿还 $4.5B 就证明了这一点。”</li><li>Seeking Alpha 撰稿人乔纳森·韦伯 (Jonathan Weber) 认为西方石油公司应该从油价上涨中受益，但由于估值高和资产负债表疲软，“它看起来不像一个强有力的选择”。</li></ul></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/news/3752590-occidental-to-sell-two-ghana-offshore-fields-in-750m-deal\">seekingalpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"KOS":"Kosmos Energy","OXY":"西方石油"},"source_url":"https://seekingalpha.com/news/3752590-occidental-to-sell-two-ghana-offshore-fields-in-750m-deal","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1189981923","content_text":"Occidental Petroleum(NYSE:OXY)agrees to sell its interests in two Ghana offshore fields to Kosmos Energy(NYSE:KOS)and Ghana National Petroleum Corp. for a combined $750M.\nThe deal includes Occidental's stakes in both the Jubilee and TEN fields, whose combined net production totaled 22K boe/day in Q2.\n\"Our divestiture program and free cash flow generation have enhanced our ability to reduce debt, as evidenced by the $4.5B we have repaid year to date,\" Occidental (OXY) says.\nSeeking Alpha contributor Jonathan Weber thinks Occidental should benefit from rising oil prices, but \"it is not looking like a strong pick\" due to high valuations and a weak balance sheet.","news_type":1,"symbols_score_info":{"OXY":0.9,"KOS":0.9}},"isVote":1,"tweetType":1,"viewCount":818,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":821229139,"gmtCreate":1633749097617,"gmtModify":1633749097822,"author":{"id":"3583641915640836","authorId":"3583641915640836","name":"4872be6","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583641915640836","idStr":"3583641915640836"},"themes":[],"title":"","htmlText":"Like n comment&nbsp;","listText":"Like n comment&nbsp;","text":"Like n 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